Full text of Survey of Current Business : February 1961
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FEBRUARY 1961
survey of
CURRENT
BUSINESS
ANNUAL
U.S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
SURVEY OF CURRENT BUSINESS
FEBRUARY 1961
VOL. 41, NO. 2
U.S. Bepartment of Commerce
Luther H. Hodges
Secretary
Office of Business Economies
M. Joseph Meehan
Director
*
THE BUSINESS SITUATION
PAGE
Summary . . . . . . . . . . . . . * . . . . . . . . . « . . . . . . . . . . . . . . . < . . . . . . . . .
it
*
1
#
K. Celeste Stokes
Statistics Editor
*
Billy Jo Dawfcins
Graphics
REVIEW OF THE ECONOMY IN I960
Chapter 1.
*
Louis J. Paradise
Managing Director
Analysis of National Output and I n c o m e . . . . . . . . . .
3
Consumer Income and Spending. . . . . * , . . . . . . . . .
Investment
.•......•...............*....*..
Government Programs • • • . . • • * . . . « . . . . . . . . . . . . . . .
National Income . •
.•........*...........
5
7
9
II
Chapter 2.
Foreign Business and Investment . , . * . « . * . . . . . . . . .
16
Chapter 3*
Pattern of Production and Trade, ........ ^ . . . . . . * .
20
Industrial Production • , . . . . . . . . . . . . . . . . . * . , . * . . .
Farm Pro duct ion and Income * , . . . . . . . . . . . , . , . . .
21)
23
Foreign. Business and Investment:
Walther Leclerer
Retail Trade . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Employment Trends
Energy Output and Use Related to GNP ...........
25
26
28
Pattern of Production and Trails:
L. Jay Atkinson
Francis L. Hirt
Lawrence Bridge
Chapter 4«
*
*
STAFF CONTRIBUTORS
TO THIS ISSUE
.•Y«ftVm«l Output and Income:
George Jaszi
Harlow D. Osborne
Robert BretzfeMev
Joseph Rosen thai
George M. Cobren
Martin L. Marimcmt
Energy Output and Use:
Charles A. R. Wardwe!!
*
MONTHLY BUSINESS STATISTICS
Genera!
S1-S24
Industry
. . . S24-S40
Subject Index « . «
,
*
Inside Back Cover
*
*
MAJOR BUSINESS INDICATORS:
Annual Summary, 1955-60
Back Cover
*
*
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By the
Office of Business Economics
•fr
A DECLINING tendency has which have added measurably to the
marked the economy recenthr. The income flow and have helped to sustain
drop in new business received by manu- consumer purchases of nondurables
facturers continued, reflecting addi- and services. Total transfer payments
tional cuts in business investment at the annual rate of $31 billion were
programs and reduced retail sales. $3% billion higher than January a year
Materials suppliers were being affected ago.
not only by an easing in demand for
final products, but also by lessened
PERSONAL INCOME
inventory buying. Industrial output
Has Topped Off ...
drifted lower in January to bring the
Billion
$
flow of goods more in line with demand.
450
Strong spots in the economy continue to be exports, consumer
purchases of services and of some nonPersona/ income, Total
400
durable goods, and government demand.
Flow of income
Personal income remains high, though
it was off somewhat in January. In
manufacturing, and particularly in the
automobile industry and some other
durable goods industries, payrolls were
cut with attendant layoffs which occurred as a result of output curtailments.
In January, the annual rate of
personal income of $406 % billion compared with $407 billion in December, a
lesser decline than experienced from
November to December.
Compared with January 1960, personal income last month was up by
more than 2% percent. The recent
easing has been concentrated in payrolls which, in January of this year at
the annual rate of $271 billion, were
$4 billion below the midyear peak for
this series.
Other income in the aggregate held
up last month. The higher rate of
unemployment in the recent period and
the stepped-up retirement benefits under the social insurance system, have
resulted in rising transfer payments
1
Digitized for5S0373—61
FRASER
Retail trade declined in January,
affected by the reduced income and to
some extent the unusually stormy
weather, which prevailed over most of
the big eastern trading areas. On the
whole, nondurable sales continue to
record a better performance than was
the case in durable goods.
In January new automobile sales
amounted to nearly 370,000, starting
off the year a fifth below the volume in
the opening months of 1960. Sales in
both December and January were in
part affected by unusual storm periods,
but basic employment and income
developments made for a softening
market.
350
Final demand off a little
300
Final demand of consumers and
business has declined moderately, and
with the rising trend of government
purchases, which are reviewed at length
in a following section, total final
demand is ority a little below last year's
highs. Inventories are being liquidated, and this has continued as a
principal drag on new business. The
current inventory position appears high
relative to sales in some categories,
such as motor vehicles, and many types
of manufacturers' finished goods.
Holdings of purchased materials and
goods-in-process have been considerably reduced, but in view of concomitant sales declines, these stock-sales
ratios have shown little change.
ItyJ I H I I I IH 1 II j 1 I I I I II I I I I I I I' I i II 1 I I
With Industrial Payrolls
Moving Down
200
LABOR INCOME
Service-Type Lines
\
150
........ -
100
Commodity Producing
50
Proprietors' and Property Income
Steady—Transfer Payments Rising
150
Dividends, Interest and
Proprietors' Income
100
Employment in commodity production
Social Security Benefits,
Military Pensions, etc.
50
1957
1958
1959
1960
1961
Seasonally Adjusted, at Annual Rates
(L S.iDepartraent of Commerce, Office of Business Ccoribmics
6I~2"I
Employment changes at the beginning of 1961 are obscured by unusual
weather and other seasonal influences,
but the cutback in manufacturing employment was extended in January.
SUEVEY OF CUEEENT BUSINESS
As in other recent months, the principal
reductions were in durable goods industries. Employment in this group
was 7 percent below that of last spring
with a decline of around 3 percent in
nondurable goods manufacturing industries. Employment in the mining,
contract construction, transportation
and public utilities industries also has
been drifting downward several months.
For the total of these industries, employment in January was 4 percent
below last May, on a seasonally adjusted basis,,
The number of State and local government workers continued to advance,
and employment in the finance and
service industries was also appreciably
higher than last spring, although here
changes have been small in the past few
months.
Unemployment increased by the usual
seasonal amount from December to
January at which time it was considerably above the year-ago levels. The
number of workers with long-term unemployment records (those out of work
15 weeks or longer) rose by a more-thanusual amount for this time of the year.
Factory output lowered
The decline in factory employment
reflects the further slide in industrial
output.
Manufacturing production
again showed a mixed picture among
some of the groups, but continued down
in total. Automobile manufacturers
cut assembly runs from 520,000 passenger cars in December 1960 to 415,000 in
January and February schedules indicated little change from this volume.
Steel operations, on the other hand,
while still relatively low picked up after
February 1961
the turn of the year despite the sharply of steel output, and railroad carloadings
lower volume produced for the auto- are well below December and a year ago.
mobile industry. This mixed pattern
Housing starts weaken
also prevailed in other areas of manuThe year opened with a reduced volfacturing, with weather conditions a facume
of new housing commitments.
tor in some instances.
Residential
construction—as well as
Activity at crude petroleum wells
other
types
of
construction—has been
increased which in turn boosted refinery
severely hampered by difficulties of
conducting outdoor operations. PriMANUFACTURING EMPLOYMENT
vate nonfarm housing starts have
Has Fluctuated More in Durable
Than in Nondurable Industries
dropped below the 1 million mark, the
lowest since the early months of 1958.
Million Persons
The four regional reports suggest that
11
the sharpest declines in starts occurred
in areas particularly affected by severe
Durable Goods
10
weather conditions.
The fourth quarter rate of housing
starts of 1.1 million compares with the
high for 1960 of 1.3 million reached in
the April-June period and nearly 1.4
million units in the final 3 months of
1959. For 1960 as a whole, 1.2 million
units were begun, about a quarter of a
,.••—••••-*"*-••..
million fewer than were started in 1959.
*%•••••••*•***
During January, steps were taken by
Federal agencies to improve the availNondurable Goods
ability of mortgage credit and the terms
upon which such funds are available.
In recent weeks, a program has been
1961
1957
1958 1959 1960
submitted to Congress designed to
Seasonally Adjusted
stimulate the economy. Some of the
Data: BLS
proposals have been put into effect by
U. S. Department of Commerce, Office of Business Economics
61-2-12
Executive Order, while others will reoperations in response to higher con- quire legislative action by the Congress.
sumer requirements for heating oils. Basically, the proposals involve measCold weather was also a factor in boost- ures to bolster the business structure
ing electric power production in recent through increased unemployment comweeks to a record high. Weekly output pensation, opening up employment
of paperboard has continued relatively opportunities by expediting current
steady, little changed from December government programs, and by providor a year ago. Coal production is down ing loans and grants and other assistdue in part to the continuing low volume ance on many fronts.
REVIEW OF THE ECONOMY IN 1960
1. Analysis of
National Output
and Income
E
CONOMIC activity continued to
rise in the first half of 1960, and then
traced a cyclical plateau before turning
down at yearend. Gross national product leveled off after reaching a high of
$505 billion at an annual rate, but held
close to this pace during most of the
second half, to establish a record total
of $503 billion for 1960 as a whole.
Final purchases—all output except
inventories—advanced from quarter to
quarter as indicated in the accompanying chart, with continued increases in
demand by consumers, government and
exports which more than offset some
weakening in fixed investment as the
year progressed. The early part of the
year was marked by a very high rate of
inventory accumulation, but such demand gradually diminished and in the
final quarter there was an actual drop
in business inventory holdings.
The 1960 output total surpassed the
previous record set in 1959 by
4% percent in value and nearly 3
percent in physical volume, and the
flow of income and purchasing power
rose correspondingly. Personal income
exceeded $400 billion for the first time,
and national income also reached a new
high; most of the increase in each
instance represented a gain in terms
of real purchasing power. Industrial
production and manufacturers' and
distributors' sales were also at yearly
highs, though tending lower in the latter half of the year.
The general advance brought an
increase in employment, and a further
rise in output per manhour of about
2 percent. This gain was consistent
with the trend-line growth of efficiency,
which reflects better utilization of an
increasingly competent labor force as
well as a sustained flow of investment.
Though sixty-seven million individuals
were engaged in production—over 1
during the business upswing that began
in 1958. Part of the rise was cyclical
in character, but a considerable partof it was due to the catching-up on
the backlog of demand for metal and
related products following the strike
which had retarded the cyclical advance
in the final months of 1959. The
uptrend of basic demand was less sharp
than the quarterly GNP figures indicate,
for in the opening quarter as in earlier
quarters the GNP was affected subMarket upswing in first half
stantially by the wide swings in the
The opening quarter of 1960 featured inventory component. This is apparent
a sharp advance in the GNP—$15 from the text table.
billion at an annual rate—which put
Analysis of the GNP reveals that the
the total above $500 billion for the year began with recovery of business
first time. In real terms the gain over fixed investment and foreign demand
the fourth quarter of 1959 amounted for U.S. products still incomplete, but
to nearly 3 percent, and was larger than with the flow of goods and services to
those recorded in most other quarters individuals far above any previous
highs—and housing demand, in particular, beginning to ease downward.
PRODUCTION RISES TO NEW RECORD
Besides bringing a transitory surge
IN 1960
of inventory accumulation, the strike
Advance in GNP Checked in Second Half
As Continued Growth in Final Purchases
aftermath also contributed to the size
Was Offset by Inventory Shifts
of the overall advance in final demand,
Billion $
as the finished goods became available
550
for sale.
The general pattern of this advance,
however, reflected the basic cyclical
Gross National Product
500
conditions just noted. Recovery con\
tinued in business fixed investment and
in exports. Consumer expenditures
475
likewise rose, though the rise was less
than in the earlier stages of the cyclical
Final Purchases
upswing and buying patterns became
450
more mixed. Residential construction
activity remained weak. Federal outlays for defense also edged down a little,
Inventory buildup
425
but the strong uptrend of State and
•:•:•?•] Inventory liquidation
local buying more than offset the
decline.
I
I . , . I , , t
The additional market gains which
1957
1958 1959 1960 1961
raised the GNP by $3K billion in the
Quarterly Totals, Seasonally Adjusted, at Annual Rates
second quarter reflected mainly current
U. S. Department of Commerce, Office of Business Economics
61" 2 * 2
percent more than in 1959—the normal
increase in the labor force was not
fully utilized, and there was an increase
in unemployment during the year.
Mixed tendencies developed among
individual industries and in the demands for particular products, with the
manufacturing industry feeling the
major effects of the decline in demand
for semi- and finished manufactured
goods in the latter half of the year.
3
SURVEY OF CUERENT BUSINESS
Final Purchases and Inventory Change
in the GNP
in the spring due to unusual weather
conditions which had affected such diverse market factors as Easter buying
and food prices.
(Billions of current dollars, seasonally adjusted, at annual
rates)
Inventory
change
Gross
national
product
Final
purchases
473 1
487.9
481 4
486.4
482 1
465. 5
476.4
481.5
481.7
476 2
7.6
11.5
—.1
4.7
59
501.3
505.0
503.5
503. 5
503 2
489.9
499.7
502.9
506.5
499 6
11.4
5.3
.6
-3.0
36
1959
1st quarter
2d quarter
3d quarter
4th quarter.
Year
1960
1st quarter
2d quarter __ _
3d quarter
4th quarter
Year
Pattern of the year
After midyear the GNP was lowered
slightly, as inventory buying declined
further and a more mixed tone developed in the final markets for the
Nation's output.
Income of individuals held up, remaining in the final two quarters above
the volume of the second quarter since
increases in income from other sources
more than offset the decline of earnings
from production. Expansion continued
in government and foreign markets.
The rise in spending for capital goods
was checked, however, in the summer,
as plant and equipment investment
failed for the first time in the postwar
period to mark a new peak at the
cyclical high of general business.
In addition, though the income of
individuals held up—remaining in the
final quarters above the volume of the
second quarter—consumer buying weakened after midyear, with consumers
taking a more cautious view of their
ability to carry additional installment
debts. The further growth of spending
for services was offset by a lessened
demand for goods—and particularly for
durable goods requiring substantial
credit commitments.
The pace of total production showed
demand. The remaining after-effects
of the strike were unfavorable, as the
inventory buildup slackened sharply
and output in some industries slackened
as a result.
The impact of this inventory shift on
total demand for business output was
partly offset by further expansion in
business fixed investment, exports, and
State and local government expenditures.
In addition, there was a continued
strong advance in aggregate consumer
spending, though here again demand
shifted. Part of this rise was made
possible because personal income was
shielded from the adverse net effects of
the other market developments, which
were reflected more clearly in declining
corporate profits.
Consumption was also stimulated—
and the value of production increased—
Table 1.—Key National Income and Product Data, 1958-1960
(Billions of dollars)
1957
1958
1960
1960— Seasonally adjusted at annual rates
1st quarter 2d quarter
Gross national product
Personal consumption expenditures
Auto and parts
All other
Gross private domestic investment
Residential construction
Business fixed investment
Change in business inventories
Net exports of goods and services
__
_ __
Government purchases
Federal only _
3d quarter ith quarter
442.8
444.2
503.2
501.3
505.0
503.5
503.5
2S5. 2
17. 1
268. 1
293.5
327.8
18.4
279.6
309.4
323. 3
18.5
304.8
329.0
18.9
310.1
328.3
17.5
310.8
330.8
18.5
312.3
66.1
17.0
47.5
1.6
56.0
18.0
40.5
-2.5
72. 8
21.1
48.1
3. 6
79.3
21.4
46.4
11.4
75.5
21.3
48.9
5.3
76.8
21.1
49.2
.6
66.0
20.5
48.5
-3.0
13.9
4.9
1.2
3.0
1.2
2.0
3.7
4.6
86.5
49.7
93.5
52.6
99.7
52.4
97.5
51.8
98.6
51.7
100.7
52.7
102.1
53.3
500.4
Gross national product in constant (1960)
dollars
_ __
467.8
459.7
503.2
504.8
506.3
501.7
National income ._
366.9
367.7
na
414.4
419.4
419.3
na
255. 5
41.7
69.7
257.0
37.4
73.3
294.4
na
79.0
290.2
48.0
76.2
295.0
45.3
79.1
297.2
42.2
79.9
295. 2
na
80.7
Disposable personal income
308.8
317.9
354.2
347.0
354.1
357.5
358.1
Disposable income in constant (1960) dollars. .
324.0
327.2
354.2
349. 3
354.5
357.1
355.8
Compensation of employees .
Corporate profits.. _
All other
February 1961
little change during most of the second
half of the year, but by yearend declines
among the parts were more evident.
Consumer spending featured a fall
spurt—and subsequent drop—in autos.
With personal earnings still high and
transfer income rising, other personal
consumption in general was strong.
Financing of output and demand
Expansion of output was accompanied by a less intensive demand for
funds than in the preceding year, and
with some easing of credit conditions
as the year progressed. The turnover
of funds by business was accelerated.
Thus, the tight financial situation
which developed in the course of 1959
as business advanced sharply eased
considerably in the late winter and
spring of 1960, as the need for funds
became less insistent, particularly for
inventory use, and subsequently as the
Reserve authorities moved to expand
the monetary base. Over the year as
a whole capital funds were obtained on
terms a little more favorable than in
1959, though the relative stringency
continued to appear in the housing
market.
The flow of private saving in 1960
was somewhat larger, and the commercial banks' capacity to expand
deposit credit rose slightly. The supply
of funds potentially available for lending was accordingly above 1959.
At the same time the money and
capital markets experienced an increased call for help in financing the
near-record volume of plant and equipment purchasing and other investment.
Increases in these sources of private demand and in trade credit requirements
were offset to a considerable extent,
however, by the cuts in government
fiscal needs, as a Federal budget surplus
replaced the deficit of the preceding
year, and in residential construction.
Other needs generally showed little
change from 1959.
Though the balance of supply-demand factors made for some easing,
experience last year as to the availability and terms of credit varied considerably according to the type of short- or
long-term accommodation sought.
A factor in the general financial and
economic situation during the year was
the development of an increasing def-
February 1961
icit in the balance of international payments of the United States in the second
half of I960, following the earlier improvement. This is discussed at length
in the chapter on this subject, and it is
sufficient to note here that the excess of
payments over receipts last year was
$3.8 billion. This was the same
amount as in 1959, but in the final
quarter it was running at a rate beyond
this figure.
YEAREND POSITION
The principal forces operating at
yearend added up to a decline from
the cyclical high—most evident in industrial materials demand and output,
but extending to investment which was
affected by a decline in the demand for
final output, large capacity in relation
to that demand, and importantly by
the declining trend of corporate profits.
Plant and equipment spending anticipations reported recently point to a
further contraction of business outlays
in the opening quarter of this year.
The probable magnitude and timing of
capital expenditures during 1961 will
be much clearer when the results of
the survey now in progress become
available in the March issue of the
SURVEY, but it is not expected that
this will reveal an immediate revival
of strength.
The continuing weakness in housing
starts presages some further reduction in
residential building activity. An easing in the supply of mortgage credit,
however, can be expected to provide a
favorable factor lacking over much of
1960.
Exports, which were an important
expansionary factor in the market for
the Nation's output all through 1960
and helped in addition to hold down the
balance-of-payments deficit, are expected to continue strong for a time.
The excess of payments on all our international accounts is also likely to persist, though not at the abnormally high
fourth-quarter rate. The Administration's program for dealing with the
deficit is coordinated with its domestic
policies to promote the recovery and
continued growth of the national
economy.
There is no indication as yet of a
SUEVEY OF CURRENT BUSINESS
reversal of the drag on production
which has resulted in recent quarters
from the downward tendency of inventory purchasing—a major key to prospects ahead. This is one of the uncertainties in the immediate economic
prospect.
The principal source of near-term
demand increase in the national market
stems from the prospective expansion
of government expenditures detailed
in a following section. Buying by
State and local governments is advancing in line with the trend of
recent years. Defense spending is programmed to continue the rise which
began in the final half of last year.
Proposals have been made to Congress which, if enacted into law, would
bolster near-term purchasing power of
individuals. Of increasing importance
as offsets to unfavorable market developments elsewhere will be these and
other policies put into effect by the
Federal Government.
With the flow of consumer income
shielded to a large extent from shortterm declines in production earnings,
and supported by social security and
other transfers, most segments of the
broad consumer market seem likely to
hold close to their trendlines. The
principal uncertainty here relates to
the market for autos and other durable
goods, which has been extremely uneven in recent months with current
signs of weakened demand.
The initial month of 1961, as indicated in the opening summary of the
business situation, added up to some
decline in production, income and consumer buying.
was some further payroll expansion
through the late spring and early summer, and the decline in wage payments
which came in midautumn was partly
offset by an increased flow of unemployment compensation and other social
security benefits. Business and property incomes also expanded through
most of 1960 so that the personal income
total continued to register new highs
until late in the year.
Consumption volume and prices up
Personal consumption expenditures
rose by $14 billion, or 4% percent, in
1960 to reach a record $328 billion for
the year. A gain in the physical volume
of consumption accounted for the larger
part of the overall increase.
As was the case with income, the
strongest advances in spending were
registered in the first half. A fractional
decline in buying during the summer,
however, was more than made good in
the closing months of the year.
The 2 percent price increase from
1959 was about in line with the average
rate of advance in most other recent
^AIXED MOVEMENTS IN PURCHASING
Advances in Consumption, Exports,
Government, and Fixed Investment
Offset in Part by Reduction in Inventory
Investment and Residential Construction
Billion $ Change-1959 to I960
-20
0
-10
10
I
BY INDIVIDUALS:
Personal Consumption
Expenditures
Residential Building
BY BUSINESS:
Consumer Income and
Spending
Fixed Investment
Disposable personal income moved
up 5 percent in 1960, to establish a new
high at $354 billion compared with $337
billion in 1959. The income gain was
very nearly paralleled by the increase
that occurred in personal buying, as
consumption volume and prices rose.
Inventory Buying
Income strong
The chief element in the income advance was a sharp rise of $10 billion at
an annual rate in wage and salary
payments early in the year. There
p
v.
BY GOVERNMENT:
State & Local
Federal
BY FOREIGNERS:
Net Exports
U. S. Deportment of Coi
rce, Office of Business Economics
2O
SURVEY OF CUERENT BUSINESS
February 1961
increases from quarter to quarter.
Maintaining the pattern of other postwar years, the 1960 advance was
particularly substantial in housing and
household operation, as population
growth and shifts were extended and
the stock of housing—and number of
families—continued to increase.
Strong trend in services
The advance of consumer prices conService expenditures, which make up tinued to feature the service group,
two-fifths of total consumer purchases, costs of household operation and mediaccounted for three-fifths of the overall cal care in particular rising.
1959-60 increase in personal buying.
A rise of 7 percent—more than half of Nondurable goods up
Consumer expenditures for nondurwhich reflected gains in the real volume
ables
amounted to a record $152%
of consumption—carried service spendbillion
in 1960. The gain of $5 billion,
ing to $132 billion for the year. Nearly
or
3K
percent, from 1959 reflected a
all major categories registered strong
$2X billion rise in food spending combined with smaller but widespread
ADVANCE IN CONSUMER INCOME
increases in other categories.
Accompanied by Rising Personal
The growth in food consumption was
Consumption and Saving
the largest factor in a 2 percent rise
Billion $
in real volume of nondurables bought.
375
Real demand for gas and oil, tobacco
Disposable Personal
and a variety of other soft goods also
350
continued to increase. The volume of
clothing and shoe purchasing, in contrast, showed little change last year
325
following a marked rise in 1959.
Apparel prices, relatively stable
300
through most of the postwar period,
moved up for the second successive
year. This development and the price
Expenditures
275
upturn recorded for food were paralleled
by further cost increases for most other
250 fr . i i I i t < I i i i I i i i 1
soft goods.
than a half-million ahead of 1959.
The gain centered in the lower-priced
compacts, which recorded an advance
of 1 million units.
Consumer auto buying registered
several major swings during 1960.
Purchases jumped early in the year, as
dealers' supplies became more normal
following the resumption of full scale
auto production. A moderate advance
continued into the spring, but demand
fell back in the third quarter when the
earlier-than-usual changeover to the
1961 models took place. The new cars
were initially well received, and the
dollar value of sales for the fourth
quarter as a whole was high. In
October a spurt in new model sales
coincided with a big market cleanup of
1960 cars. This early-season peak was
succeeded by a marked weakening at
yearend.
6
years. It was a little sharper than that
of 1958-59, food costs moving up
through much of 1960 and largely
cancelling a decline recorded the year
before. Consumer prices for nonfood
items increased about as much in 1960
as they had in 1959, overall.
NONDURABLE GOODS and SERVICES
Outlay Higher
175
150
125
100
/*!
I
I
I
I
I
I
I
I
I
I
I
1
I
I
I
AUTOS Show Irregular Fluctuations;
Other Durables Little Changed
50
Durables
(excl. autos)
\
25
Automobiles
,
1957
1958
I
,
.
i
I
1959
,
,
1960 1961
Seasonally Adjusted, at Annual Rates
U. S. Department of Commerce, Office of Business Economics
61-2-4
Household durables, autos little
changed
Buying of household goods—furniture, semidurable furnishings and
appliances—recorded a fractionally
lower total in both volume and value.
Though the rate of new dwelling
occupancy was still high enough to
generate a strong market demand,
buying of such goods mirrored the
decline of residential building as the
year passed. Sales of appliances
tended to fall throughout, and demand
for other household items generally
showed weakness. Prices held about
even from early 1960 on, after having
risen the year before.
Consumer auto purchasing, at $18K
billion, was up a little last year. The
6 million units sold represented the
highest total since 1955, and was more
Personal finance
The rise of personal saving last year
featured a slowdown of new borrowing
and a rise in repayments. Investment
in physical and financial assets remained high, though somewhat below
the record of 1959. The financial
effects of these shifts were complex,
but on balance were in the direction of
easing both long-term and short-term
credit.
Debt service payments on consumer
installment debt and amortized mortgages were reported at $56 billion—•
8 percent more last year than 1959.
This upswing was the natural aftermath
of the wave of borrowing which had
helped to finance the 1959 gain in purchasing of autos, new houses, and related items, such as furniture and
household equipment.
With the irregular and limited advance of durables buying from 1959 to
1960, installment credit extensions
totaled $50 billion as compared to $49
billion in 1959 and $41 billion in 1958.
Given the sharper relative growth of
repayments last year, consumers' net
call for new short-term funds was down
about $2K billion or 41 percent from
1959, and exerted correspondingly less
pressure on available supplies of bank
and other near-term credit.
The drop in housing demand is discussed elsewhere. Associated with it
was a $1% billion cutback of new mort-
February 1961
SUEVEY OF CUEKENT BUSINESS
gage financing from the 1959 total,
which at $22 billion had represented a
rise of $3K billion from 1958. Together
with this slowdown of borrowing the
rise in repayments last year meant a
cut of one-sixth or over $2 billion in net
new mortgage funds required of institutional and other lenders.
Meanwhile the recent uptrend of personal saving through insurance and pension funds continued, and bank deposits
rose considerably more than in 1959.
Considering this stepup and that in debt
repayment, plus the lessened demand of
individuals for new loan funds, personal
saving-investment activities released a
substantially higher volume of funds to
the financial markets last year than
the year before.
roads was also substantial as was that
in communications.
Two categories exceeded their 1957
totals. Outlays by commercial firms
have advanced as demand for shoppingcenter facilities reflected the continued
shift of population to the new suburbs,
and office building construction proceeded apace. The rapid rate at which
major airlines have adopted the new jet
planes carried investment by the nonrail transportation group to a record
high in 1959; though outlays by this
BUSINESS PLANT AND
Billion $
40
TOTAL
Investment
In the investment sectors, the picture
was one of a strong start, followed by a
less intensive rise as inventory buying
lost its urgency, and then finally an
actual decline in the fourth quarter,
when inventory liquidation developed
along with an initial falloff in fixed
investment.
Peak infixed investment
Expanding rapidly as the year
opened, business fixed investment in
1960 exceeded the 1959 total by around
one-tenth. This rise carried the dollar
value of such investment very close to
the previous peak reached in 1957. In
real terms the 1960 total compares
somewhat less favorably with prior
years, as average costs continued to advance. The 1960 price rise centered in
construction; for the first time in 6
years there seems to have been little
change in the price of producers' durable goods.
For the year as a whole, data from the
OBE-SEC survey of plant and equipment show that nearly all industries
stepped up investment expenditures.
Among the sharpest of the 1960 gains
were those in the cyclically sensitive
manufacturing and railroad divisions
and in communications. In manufacturing virtually every durable and nondurable group increased its outlays last
year, the total increase over 1959
amounting to $2% billion or nearly 20
percent. The relative advance for rail
EQUIPMENT
General Expansion in 1960—
But Rise Topped Out at Midyear and
Failed to Match 1957 Peak
35
30
© Anticipated
25
I
1957
I
I
I
1958
I
I
I
I
1959
I
I
I
I
1960
1
1
I
Home building off
1961
Quarterly Totals, Seasonally Adjusted, at Annual Rates
More Cyclically Sensitive Industries
Paced 1960 Advance
-10
Percent Change, 1959 to 60
-5
0
5
10
15
TOTAL
Manufacturing, Mining,
and Transportation
Commercial and
Communications
Public Utilities
Commercial and Communications Industries
Were Considerably Above the 1957 Peak
But Other Major Groups Fell Short
Percent Change, 1957 to 60
TOTAL
Commercial and
Communications
Public Utilities
Manufacturing, Mining,
and Transportation
_L
-10
-5
0
5
10
15
Data: SEC 8 OBE
U. S. Department of Commerce, Office of Business Economics
group fell back slightly last year the
total was still the second highest on
record. The increases in the major industrial groups other than these left
their most recent annual totals still
considerably below the record 1957
rates.
On a quarterly basis, the 2-year
upswing of investment peaked out in
the middle of 1960. (See chart.) The
setback to growth in this previously
expanding market for the GNP played
an important role in the leveling off of
the total flow of national output in the
second half of the year.
Outlays topped out at midyear in
durable manufacturing, railroads and
mining and also in air transportation,
and the subsequent decline was continuing as 1961 opened. Nondurable
manufacturing and public utilities,
which had maintained their earlier rate
of investment during the second half of
last year, were also programing reductions at yearend. The commercial
group continued to be a major area
of strength throughout.
61 - 2 - 6
One of the features of the investment
market—and indeed of the economic
situation generally—was the lagging
pace of residential building. This was
an area of contraction in the Nation's
economy throughout 1960, as the value
of work-put-in-place receded by about
$1 billion from the first quarter to the
fourth at an annual rate. The total
for the year was nonetheless well over
$20 billion and—except for 1959—represented the highest dollar volume on
record.
The decline in starts (see chart) was
even sharper than that in value of work
done, as a number of factors tended to
cushion the latter. One of these was
the relatively large number of partially
completed units carried over from 1959.
Again, building costs were up 1 or 2
percent last year; and activity was
apparently not so heavily concentrated
in the lower price brackets. Finally,
the factors that depressed the volume
of new work did not affect the course
of spending for additions and alterations, which continued an uptrend that
has carried the total well above $4
billion for the last 2 years.
8
The decline in new housing demand
was due in part to basic factors in the
housing market, which collectively led
to a rise in the vacancy rate. Also
exerting a dampening effect on demand
for new residential construction was the
condition of tight credit that prevailed
in the latter part of 1959 and through
most of 1960.
Mortgage credit availability was
affected not only by the generally rather
stringent conditions of long-term credit
but also by the tendency of financial
institutions to employ in relatively liquid
SUKVEY OF CURRENT BUSINESS
The spurt of inventories in the first
quarter was almost as large as that in
total final purchases, affording a proportionate stimulus to production. In
subsequent quarters of the year, by
contrast, the further growth in final
purchases was substantially offset by
a progressive slowdown in the rate of
inventory buying which turned to
liquidation before yearend. For the
year as a whole, manufacturers' and
distributors' stocks were up about $3
billion to a total of S92 billion.
The main inventory shifts centered
in the metal goods lines, and were parHOUSING. MARKET DEMAND DECLINES
ticularly prominent in manufacturing
With Less Favorable Purchasing Terms and
though distributors were also affected.
Continued Rising Costs Last Year
Together with the metal producers,
important metal users such as the maNONFARM STARTS Moved Lower
chinery and motor vehicles groups
accounted for a very large proportion of
Thous. Units
Thous. Units
K65O
1,800
the buildup and subsequent letdown in
stocks. The changes in other business
1,450
1,600
holdings were dominated by the large
and volatile stocks of retail auto dealers;
I; 250
I.4OO
they reinforced the tapering pattern
seen in durables manufacturing in the
1,050
1,200
first three quarters, but rose in the fourth
quarter when manufacturers' inven85O
1,000
tories were being liquidated.
APPLICATIONS for FHA-VA
The strong buildup in aggregate
Backing Declined
inventories eaily in 1960 reflected the
I,OOO
continuation of the restocking move
that was begun in the closing months of
80O
1959 following the steel strike. These
pipelines were rapidly refilled, and
600
inventory policy quickly came under
the influence of other factors in the
400
developing market situation.
As it became apparent that industrial
ZOO
capacity would be adequate to meet
1957 1958 1959
I960
I96t
Quarterly Totals, Seasonally Adjusted, at Annual Rates
current needs promptly and economData: Census, VA, a FHA
ically, and at the same time the in0. S. Department of*Cammerce, Office of Business Economics
61-2-5
creases in final demand tapered, there
forms most of the growing stream of occurred a widespread shift. The infunds received as deposits from individ- creased competition for sales had a
uals. In recent months the mortgage number of aspects which affected invenmarket situation has eased, however, tory policy. Prices softened, particand forward applications for govern- ularly for durable goods, and offered
ment backing showed signs of less incentive to forward buying. With
goods readily available, Indus trial buyers
strengthening.
increasingly sought to shift to their
Swing in inventory buying
suppliers the cost and risk of maintainThe wide swing in business inventory ing large working stocks, while thempolicy—from substantial accumulation selves cutting their inventory. Late
in the opening quarter of the year to in the year this move resulted in a subliquidation in the closing months—was stantial cutback for manufacturing as a
the most conspicuous element in the whole. Suppliers generally did seek to
course of GNP during 1960.
a degree to improve their competitive
February 1061
position by offering wider choices and
prompter delivery schedules, as in the
case of the buildup of auto dealers'
stocks.
As the year passed, the lowering of
production schedules also played a part
in the decline of working stocks—
autos again providing an example—as
final markets turned out less strong than
anticipated.
Changes in nondurable holdings were
much more moderate than those in
durables, with only the manufacturing
segment showing any appreciable net
change for the year as a whole. The
movements here were mixed, a number
of industries registered small declines
for the year while sizable increases
occurred in foods, chemicals, paper and
textiles.
Business finance
In line with the limited net accumulation of inventories and the substantial
rise in long-term investment, shortterm business borrowing was moderate,
while borrowing on long-term markets
exceeded the comparable flow of a year
ago.
The slowdown of inventory buying
from the spring quarter gradually
reduced the calls for short-term accommodation. The cut in inventory holdings late in the year fell considerably
short of cancelling the brisk buildups
recorded earlier, however, and competitive pressures for more liberal
extension of trade credit also occasioned
drafts on the short-term resources of
corporate business.
Some of these and other needs were
met with bank credit. In addition
corporations sold Government securities
through most of the year. The shift
toward this method of covering current
short-term requirements probably reflected in part the increase in the relative net cost of bank financing as bill
rates fell.
With loan demand tapering while
bank lending capacity expanded, commercial interest rates softened, but the
overall 1959-60 decline in these was
far less than in the bill rate.
Long-term corporate borrowing rose
in 1960, as fixed capital purchases increased while gross corporate saving
held close to the 1959 rates. Individuals' need for capital funds decreased,
SURVEY OF CURRENT BUSINESS
February 1961
BUSINESS INVENTORY CHANGES
Build-up Reversed Late in 1960
Billion $
—
10
n^
1
!
3
_
n
1
1
-10
1957
1958
1959
I960
Half-Yearly Change, Seasonally Adjusted
At Annual Rates
U. S. Department of Commerce, Office of Business Economics
61-2-7
as noted above. With these offsetting
movements in demand for long-term
credit, the cost of bond financing declined moderately during the year.
For 1960 as a whole, however, yields on
highest grade corporate bonds averaged
higher than they had for 1959. Stock
financing costs also firmed, as stock
prices fell while dividends were well
maintained.
Government Programs
The Federal Government as usual
played a major role in the economy.
Transactions on the national income
and product account basis in calendar
1960 were marked by a $6 billion increase
in total receipts, which exceeded the $92
billion expenditure total by almost $3
billion. This surplus for the calendar
year 1960 is in contrast to the $1% billion deficit shown for 1959 on income
and product account.
Major factors in the revenue gain
were the increases in personal income
taxes, excise taxes, and contributions for
social insurance. Together these rose
$7 billion with the continuing expansion
of personal income and consumption
expenditures and the statutory increase
of 20 percent, effective January 1,
in tax rates for old age, survivors and
disability insurance. Corporate tax
accruals declined somewhat from the
1959 total, since the strong recovery in
corporate profits which characterized
the opening of the }^ear was not sustained
as 1960 progressed and profit margins
tapered.
580373—61
2
Federal expenditures were up from
1959 by almost $1K billion, as increases
in social security and interest payments
more than offset the cuts of $% billion
in grants-in-aid and $1 billion in
purchases of goods and services.
The decline in purchases was concentrated in the defense category. Decreases were registered in purchasing by
the Defense Department as well as for
the military assistance, stockpiling and
defense production programs. Expenditures for space exploration activities,
however, doubled to reach $% billion
for the year.
Nondefense purchases totaled about
the same as in 1959. There was little
further expansion in aggregate inventories and loans held by the CCC
under the farm price support program.
Increased outlays for aviation facility
modernization and for the development and conservation of land and
water resources offset part of the reduction in the rate of CCC expenditures, and pay scales of Federal employees were increased at midyear.
Defense purchases of goods and
services in the first half of last year
were about SI billion below the late
1959 rate; nondefense purchases in the
same period leveled off. Since mid1960, however, Federal outlays for
both defense and nondefense buying
have increased; the fourth-quarter total was about %% billion above the
final quarter of 1959.
State and local government purchases continued the expansionary pattern of the past several years, increasing about $3X billion. By yearend
such purchases were almost $5 billion
above the strike-affected annual rate of
a year earlier.
Highway c o n s t r u c t i o n o u t l a y s
about equaled the total for 1959,
which had been expanded due to a
$400 million special program of Federal assistance, enacted by Congress in
1958, and by a rise in authorizations of
grant-in-aid funds under the interstate highway program.
State and local receipts continued to
expand, but did not match the growth
in spending, and there was a moderate
increase in the combined net deficit of
these units.
9
New Federal Budget
Federal budgetary programs presented to Congress last month imply
further increases from the December
1960 rate of Federal outlays for goods
and services. A translation of the
Budget in terms of the national income
and product account is summarized in
the accompanying table. This budget outlook is more tentative than
usual, since the new Administration is
in process of reviewing and altering
some of the programs and projections.
In addition to the projected increase
in outlays for defense and nondefense
purchases, benefit pajnuents under the
various social insurance programs are
also scheduled to increase. On the
other hand, lower interest charges are
projected; and the postal deficit, of
importance in the current total of Government expenditures, is scheduled to
be eliminated by a proposed increase in
postal rates.
Receipts shown in the Budget transmitted to Congress in January are also
estimated at higher levels. The economic assumptions underlying these
revenue projections are for the following
increases in 1961 over 1960: $12 billion
in gross national product, $1 billion in
corporate profits, and $11 billion in
Table 2.—Federal Government Receipts and
Expenditures, 1960-61
(Billions of dollars)
Fiscal year
1961
1960
Administrative budget:
Receipts
Expenditures.Surplus
Cash budget:
Receipts
Expenditures
Surplus
_
National income and product account:
Receipts
Expenditures
Goods and services
Other
Surplus -.
.
1962
Estimated
77.8
76.5
1.2
79.0
78.9
.1
82.3
80.9
1.5
95.1
94.3
.8
99.0
97.9
1.1
103.1
101.8
1.3
93.5
91.3
52.4
38.9
2.2
98.0
95.5
53.5
42.0
2.5
101. 5
98.0
55.5
42.5
3.5
NOTE.—The difference between the administrative budget and the cash budget is largely accounted for by the inclusion in the latter of trust fund transactions. The national
income and product account includes trust fund transactions,
but differs in definition from the cash budget in several important respects. Corporate profits taxes are recorded on an
accrual rather than a cash collections basis; loan transactions
are either omitted or involve differences in timing; the acquisition of financial and second-hand assets are excluded;
and an adjustment for the lag between deliveries and payments for goods is incorporated.
Sources: Administrative and cash budgets from Budget
of the U.S. Government for the Fiscal Year Ending June
30, 1962; national income and product data, Office of Business Economics, based on estimates in the Budget.
SURVEY OF CURRENT BUSINESS
10
personal income. The Budget proposes
the continuation of the corporate income and excise taxes scheduled for
February 1961
reduction or termination on July 1 of Again, the revenue estimates are now
this year, and a further increase in under review.
gasoline taxes of K cent per gallon. Federal finance and monetary policy
The more-than-seasonal swing in the
GOVERNMENT PURCHASES OF GOODS AND SERVICES
Federal budgetary position, from a deficit in the second half of 1959 to a subBillion $ (ratio scale}
stantial surplus for the following six
months, was a major factor in the
money markets. The Treasury bill
Fed eral Purchases
rate declined sharply, and commercial
60
interest rates also moved lower in this
J.
period.
'
With the checking of the economic
50
expansion after midyear, the monetary
authorities acted to ease credit. Open
market operations were supplemented
by other steps. Discount rates were
40
lowered in June and again at the end of
^i
^^P
the summer. In the course of the
~~-~*
St<ate & Local Pure biases
i
second half all cash in bank vaults was
i
made applicable against reserve requireQuarterly Totals, S easonally Adjusted, at Annual Rates
ments ; and late in the year the reserve
i
i
1
1
!
1
, 1 i
> ! i
30
ratios required against demand deposits
1961
1959
1960
1957
1958
of central city banks were lowered from
18 percent to 16% percent. (An inGOVERNMENT EXPENDITURES, 1960
crease announced in the minimum ratio
Billion $
for country banks had little impact on
-100—
STATE and LOCAL
credit conditions, since these banks
FEDERAL GOVERNMENT
have commonly maintained reserves
GOVERNMENTS
TOTAL —
well in excess of the new requirement.)
EXPENDITURES OTHER THAN
A major money market effect of these
FOR GOODS AND SERVICES
— 80—
actions was seen in the banks' acquisi(Transfer payments, grants-in-aid,
interest, and subsidies)
tion of short- and medium-term Federal
securities to a total of nearly $7 billion
during the second half of the year.
60—
TOTAL
PURCHASES OF
With these purchases, the bill rate conGOODS AND
OTHER EXPENDITURES
SERVICES
tinued its decline contraseasonally dePURCHASES OF
spite a rise in financing requirements of
GOODS AND
the Treasury and a selloff by corporate
SERVICES
investors.
The influence of the changing course
of domestic financial conditions on
international capital and gold movements is discussed elsewhere in this
issue. The effect of the gold loss on
bank reserves was offset as usual by
Federal Reserve action.
6
1
2
9
U. S. Department of Commerce, Office of Business Economics
^-"~
...-"" \
m
SURVEY OF CUKKENT BUSINESS
February 1961
National Income
JL HE major tendencies of the economy as viewed in the GNP are evident
also from an analysis of the flow of national income. The total rose during
the first half and remained high in the
second, approaching $418 billion for the
year as a whole. Nearly all the major
industries and types of income shared
in the improvement over 1959, though
the extent of advance varied, as is the
usual case, from one to another.
The shifts in the composition of income and the changes in its industrial
origins throw additional light on the
performance of the economy in 1960.
Since the relatively unfavorable profits
experience has been noted as an important influence, this pattern will be
reviewed first.
Profits for 1960 as a whole were
apparently off a little from 1959, while
other business and property incomes
moved up 5 percent in the aggregate
and the relative advance in employee
compensation was a little greater.
To examine the profits experience it
is convenient to focus on the recent
output and cost record of corporate
business. This is summarized in the
accompanying chart and in table 11
on page 14.
With an increase of somewhat more
than 2 percent in physical volume and
a limited advance in prices, corporate
gross product rose from 1959 to 1960 by
around 4 percent. Earnings of corporate employees showed an increase
amounting to 5% percent. Indirect
taxes, capital consumption allowances
and interest costs also moved up somewhat more than proportionally to the
upswing of product value. The difference was reflected in profits.
Pressure on profit margins
The familiar tendency for profits to
lag behind the growth of other incomes
in the later stages of a cyclical rise was
obscured in the months following the
steel strike, but reemerged in the spring
and summer. All of the cost developments noted above contributed to the
lowering of margins. It is difficult if
not impossible to identify any one item
as the principal factor in the decline of
profit ratios, without making unprovable assumptions about how the other
costs and product values would have behaved in different circumstances.
CORPORATE OUTPUT
Advanced to a New High in 1960 . . .
But Mounting Costs and Increasing
Competition Cut Profits
Billion
300
TOTAL GROSS
CORPORATE
PRODUCT
>> Indirect Taxes
200
. Employee Compensation
100
Depreciation, Interest etc.
Profits Taxes
1957
1958 1959 1960
U. S. Department of Commerce, Office of Business Economics
61-2-8
It may be noted in this connection
that most of the expenses charged in a
given period stem in considerable part
from commitments made earlier. Depreciation and interest are the clearest
such cases, but even the payroll increases recorded for a particular quarter
may be due largely to rate advances
effected before the quarter opened.
For this and other reasons, there is a
strong tendency for a cyclical up thrust
in costs to persist even after the corresponding movement in output value
has begun to taper.
This was clearly the case last year.
When the 1959-60 movements in costs
11
and output are compared with those
registered earlier in the business upswing, the most notable difference seen
is a deceleration of the rise in output
while the trend of costs was extended.
Compensation of employees
Compensation of employees rose $16K
billion in 1960, reflecting substantial increases in earnings classed as supplements, as well as in payrolls.
Supplements to wages and salaries
were up more than $2 billion, as employer contributions to OASI mirrored
the statutory rate increase and contributions to private pension plans continued their secular growth.
Of the $14 billion advance in wages
and salaries, about one-third was due to
a growth in employment, the number
of full-time equivalent employees
averaging between 800 and 900
thousand more than in 1959. The
remainder stemmed from higher pay
scales; the wage rate increase in manufacturing amounted on a straight-time
hourly basis to more than 3 percent,
and this advance was exceeded elsewhere in the economy. Shifts in
industrial composition of the work force,
which sometimes help to lift the allindustry average, were generally neutral
last year in their effects on earnings.
In manufacturing, which accounts for
one-third of all payrolls, most of the
1959-60 rise was concentrated in disbursements to salaried personnel. This
continued a trend which reflects in
large part the changing nature of the
industrial process. Total salaries advanced 8 percent or $2 billion last year,
while payments to wage workers rose 2
percent or $1 billion. The larger increase in salaries than in wages represents a pattern which was also observed
at the maturing of the 1954-57 cyclical
advance. In the recession which followed, as in the downswings that ended
in 1949 and 1954, wage payments
declined while the salary component of
total payrolls held up relatively well,
providing a stable element in consumer
purchasing power.
Industrial origins of income
The changing market composition of
demand for the Nation's output was
reflected in the industrial origins of
SURVEY OF CURRENT BUSINESS
12
February 1961
Gross National Product
1959
1958
Line
1959
1960
IV
1960
I
II
1959
III
IV
1959
1958
1960
1960
IV
I
II
III
IV
Seasonally adjusted at annual rates
Billions of dollars
TABLE 3.— GROSS NATIONAL PRODUCT
(1-3, 1-4)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
482.1
503.2
293.5
313.8
327.8
319.6
37.3
142.0
114 2
43.4
147.6
122 8
43.6
152.4
131.7
43.5
149.6
126.6
444.2
Gross national product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment
New construction
Residential nonfarm
Other
__.
___ -
Producers' durable equipment.-Change in business inventories
_..
Nonfarm
Farm
Net exports of goods and services
Government purchases of goods and services
Federal
National defense
Other-- _ _ .
Less: Government sales
State and local
1
3
4
5
6
7
8
9
10
11
12
13
Gross national product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
_
__ _ _
_ _.
_.
444. 2
482.1
503.2
128.1
120.3
125.3
124.6
133.1
323.3
329.0
330.8
293. 5
313.8
327.8
86.1
76.9
81.6
80.4
88.9
44.2
150.5
128.6
44.5
153.5
130.9
42.7
152. 7
132.9
43.2
152.9
134.7
37.3
142. 0
114.2
43.4
147.6
122.8
43.6
152. 4
131.7
12.4
42.4
31.3
10.0
34.4
32.5
11.2
37.6
32.8
10.1
37.2
33.2
12.4
43.2
33.3
72.0
72.8
70.8
79.3
75.5
70.8
66.0
56.0
72.0
72.8
17.7
19.3
18.2
18.2
17.0
40.3
22.3
18.0
40.4
21.1
19.3
39.4
21.3
18.1
40.8
21.4
19.3
40.7
21.3
19.4
40.5
21.1
19.5
40.3
20.5
19.8
35.4
18.0
17.4
40.3
22.3
18.0
40.4
21.1
19.3
10.3
5.7
4.7
8.7
4.4
4.3
10.0
5.3
4.7
11.2
6.0
5.2
10.5
5.4
5.2
23.1
-2.5
25.8
5.9
28.8
3.6
26.8
4.7
27.1
11.4
29.5
5.3
29.7
.6
28.7
-3.0
23.1
-2.5
25.8
5.9
28.8
3. 6
7.0
.4
6.2
4.5
7.8
.4
7.1
-.1
7.6
-1.2
-3.6
1.0
5.4
.5
3.2
.4
4.3
.4
11.0
.4
5.0
.3
.3
.3
-3.4
.4
-3.6
1.0
5.4
o
3.2
.4
.3
4.4
.3
-.2
-1.3
3.0
-.4
1.2
2.0
3.7
4.6
1.2
3.0
.2
.4
.7
.5
1.5
22.7
21.5
22.9
23.8
26.5
23.5
23. 5
23.9
25.2
23.9
26.4
24.4
27.3
23.5
27.0
22.4
22.7
21.5
22.9
23.8
26.5
23.5
6.2
6.0
6.2
5.8
6.7
6.1
6.6
6.1
7.0
5.5
93.5
97.1
99.7
96.4
97.5
98.6
102.1
93.5
97.1
99.7
24.2
23.7
24.8
25.5
25.7
52.6
53.3
52.4
52.5
51.8
51.7
52.7
53.3
52.6
53.3
52.4
13.0
12.9
13.0
13.2
13.2
44.8
8.3
.5
46.0
7.8
.5
45.1
7.9
.6
45.5
7.5
.5
44.9
7.5
.5
44.7
7.6
.6
45.1
8.2
.6
45.7
8.2
.6
44.8
8.3
.5
46.0
7.8
.5
45.1
7.9
.6
11.3
1.9
.1
11.1
1.9
.1
11.3
1.9
.2
11.3
2.1
.1
11.3
2.1
.2
40.8
43.9
47.3
43.9
45.7
46.9
48.0
48.8
40.8
43.9
47.3
11.1
10.8
11.8
12.3
12.5
-1.0
100.7
-1.0
Implicit price deflators for seasonally adjusted GNP, 1954=100
GNP in billions of 1954 dollars
401.0
428.0
439. 2
429.1
440.5
442.2
438.0
437.0
110.8
112.6
114.5
113.3
113.8
114.2
115.0
273.6
289.4
296.8
292.8
294.8
298.3
296.9
297.6
107.3
108.4
110.4
109. 2
109. 7
110.3
110.6
115.2
111.2
35.6
133. 7
104.3
40.8
139. 3
109. 3
41.2
141.9
113. 7
41.1
140.5
111.2
41.8
141. 1
112.0
41.9
143.2
113. 3
40.2
142.3
114.4
41.2
141. 3
115.2
104. 9
106.2
109.5
106.2
106.0
112.4
105. 9
107. 4
115.9
105.7
106.5
113.8
105. 8
106.7
114.9
106.4
107.2
115.5
106.3
107.3
116.1
105.0
108. 2
117.0
48.3
60.9
60.5
59,4
66.2
62.8
58.6
51.9
34.4
33.6
33.4
34.0
33.8
33.6
33.5
114.1
117.2
120.3
117.9
120.0
120.4
120.5
120.3
__ _
16.2
14.9
19.4
15.0
18.0
15.6
18.3
15.0
18.3
15.7
18.2
15.6
18.0
15.6
17.6
15.9
111.7
116.8
115. 2
119. 7
117.1
124.1
115.9
120.2
117.2
123.4
117.2
124.2
117.0
124.6
116.8
124.1
Producers' durable equipment __ __
Change in business inventories
19.4
-2.2
21.3
5.2
23.7
3.2
22.2
3.8
22.4
9.8
24.2
4.8
24.4
.6
23.8
-2.4
119.0
121.3
121.5
120.9
121.1
122.0
122.0
120.8
-3.1
4.9
2.8
4.0
9.4
4.5
.3
-2.8
105.9
99.2
104.5
98.1
105.2
99.9
104.6
99.9
105.6
99.9
104.9
99.9
105.6
99.9
104.8
99.9
New construction
Residential nonfarm
Other
Nonfarm
Farm
2
15
16
Exports
Imports
17
Government
services
.-
purchases of goods
and
Federal
State and local
-2.4
1.6
Gross national product
Final sales
Inventory change
Final sales
Inventory change
Durable goods output. .
Final sales
Inventory change
Nondurable goods output
Final sales
Inventory change
Services
Construction
._
- _ ____
-
-.1
.7
2.2
3.4
23.8
24.0
25.2
24.5
25.8
23.6
25.8
22.4
78.5
79.6
80.3
80.3
81.1
117.9
121.2
124.1
122.8
122.4
122.7
125.4
125.9
42.3
36.2
41.8
37.8
41.8
38.6
41.2
39.1
41.4
39.7
118.2
117.4
122.1
120.0
126.0
122.1
124.1
121.3
123.7
120.9
123.6
121.6
128.0
122.7
128.7
122.9
-1.5
21.9
24.3
25.2
23.6
22.5
24.0
79.3
80.2
80.3
44.5
34.8
43.6
36.6
41.6
38.7
21.4
21.6
-
Billions of 1954 dollars, seasonally adjusted at annual rates
Billions of dollars
TABLE 5.— GROSS NATIONAL PRODUCT
BY MAJOR TYPE OF PRODUCT (I 6,1-7)'
1
2
3
4
5
6
7
8
9
10
11
12
13
14
503.5
328.3
31.0
Gross private domestic investment
14
18
19
503.5
56.0
TABLE 4.— GROSS NATIONAL PRODUCT
IN CONSTANT DOLLARS, AND I IMPLICIT PRICE DEFLATORS (1-5, VII-3)
2
505.0
501.3
35.4
18.0
17. 4
1.2
Exports
Imports . . . _ . -
486.4
Billions of dollars, unadjusted for seasonal variation
444.2
446. 7
-2.5
229.1
231.6
-2.5
80.2
83.3
-3.1
148.9
148.3
.6
164.3
50.8
482.1
476. 1
5.9
249.9
244.0
5.9
94.1
91.0
3.1
155.8
153.0
2.8
175.9
56.3
503.2
499.6
3.6
257.8
254.2
3.6
96.1
93.9
2.2
161.7
160.3
1.4
188.7
56.6
486.4
481.7
4.7
251.2
246. 5
4.7
92.8
91.1
1.7
158.4
155.4
3.0
181.3
53.9
501.3
489.9
11.4
261.0
249.6
11.4
101.7
91.8
9.8
159.3
157. 8
1.5
184.0
56.3
505.0
499.7
5.3
261.3
256. 1
5.3
98.0
94.9
3.1
163.3
161.1
2.2
187.0
56.7
503. 5
503. 0
.6
255.7
255.1
.6
93.9
94.0
-.1
161.8
161.1
.7
190.8
57.6
1. For quarterly data beginning 1947, see SURVEY OF CURRENT BUSINESS, November 1960, pages 18 and 19.
503. 5
506.5
-3.0
253.1
256.0
-3.0
90.8
94.8
-3.9
162.3
161.3
1.0
193.4
57.2
401.0
403.2
-2.2
211.2
213.4
-2.2
71.5
74.2
-2.7
139.7
139.2
.5
145.3
44.4
428.0
422.8
5.2
228,3
223.1
5.2
82.1
79.5
2.6
146.2
143. 6
2.5
151.6
48.1
439.2
436.0
3.2
233.8
230.6
3.2
83.8
81.9
1.9
150.0
148.7
1.4
157.9
47.5
429.1
425.3
3.8
228.8
225.0
3.8
81.2
79.8
1.4
147.7
145.2
2.4
154.6
45.7
440.5
430.7
9.8
237.5
227.7
9.8
88.7
80.4
8.3
148.8
147.3
1.5
155.6
47.4
442.2
437.4
4.8
237.1
232.3
4.8
85.3
82.6
2.7
151.8
149.6
2.2
157.4
47. 6
438.0
437.4
.6
231.5
230. 9
.6
81.4
81.5
-.1
150.1
149.4
.7
158.8
47.7
437.0
439.4
2.4
229.1
231.5
-2.4
79.8
83.1
-3.4
149.3
148.3
1.0
160.0
47.9
SURVEY OF CUEEENT BUSINESS
February 1961
national income, as the demand pattern
of relative strength in consumer items,
weakness in industrial materials and
mixed tendencies in investment goods
worked through the structure of the
economy.
13
and the substantial growth of service
output was reflected in profits, as well
as in payrolls, of finance, public utilities,
communications, and other lines along
with the service industry division.
Income in agriculture and retail trade
Income originating in service-type
industries rose steadily to new highs.
Demand in this area—much of it associated with new household formation
and the population shift to the
suburbs—extended its postwar uptrend,
Personal, Government, and Foreign Transactions on GNP Accounts
[Billions of dollars]
1959
1958
Line
1959
1960
1960
1960
III
IV
III
IV
Seasonally adjusted at annual rates
IV
Unadjusted for seasonal variation
TABLE 6.—PERSONAL CONSUMPTION EXPENDITURES BY MAJOR TYPE (II-6, II-7)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
293 5
313.8
327.8
319.6
323.3
329.0
328.3
330.8
86.1
76.9
81.6
80.4
88.9
37.3
43.4
43.6
43.5
44.2
44.5
42.7
43.2
12.4
10.0
11.2
10.1
12.4
13 9
17.4
60
17.9
18.8
6 6
18.4
18.4
68
17.4
19.2
6 8
18.5
18.9
6. 7
18.9
18.7
6 9
17.5
18.3
6.9
18.5
18.0
6.8
4.2
5.6
2.6
4.6
4.1
1.3
5.2
4.5
1.5
4.1
4.5
1.4
4.5
5.3
2.6
l-*2 0
147 6
152.4
149.6
150.5
153.5
152.7
152. 9
42.4
34.4
37.6
37.2
43.2
_
76 8
25.7
10 6
23.8
78.2
27.4
11 1
30.9
80.8
27.9
11.7
32.0
79.1
27.8
11.3
31.4
79.5
27.8
11.4
31.7
81.4
28.3
11. 7
32.1
80.7
23. 2
11.7
32.0
81.5
27.6
11.8
32.0
20.4
9.3
2.8
9.9
18.8
5.4
2.6
7.5
20.3
7.1
3.1
7.2
20.7
6.2
3.2
7.1
21.0
9.2
2.9
10.1
__ _ _
114.2
122.8
131.7
126.6
128.6
130.9
132.9
134. 7
31.3
32.5
32.8
33.2
33.3
38.0
16 9
9.2
50 2
40.5
18 0
9.9
54 5
42.8
19 2
10. 5
59 3
41.3
18.5
10. 1
56 6
41.9
18 9
10.3
57 5
42.5
19 1
10. 5
58 8
43.1
19.3
10.5
60 0
43.8
19.6
10.5
60 9
10.3
4.6
2.5
13.8
10.5
5.3
2.4
14.3
10. 6
4.7
2.7
14.8
10.8
4.4
2.7
15.3
10.9
4.9
2.6
14.9
Goods and services, total
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
_
TABLE 7.—GOVERNMENT RECEIPTS AND EXPENDITURES (III-3, III-4)
1 Federal Government receipts _ _ __
2
3
4
5
Personal tax and nontax receipts...
Corporate profits tax accruals
Indirect business tax and nontax accruals
Contributions for social insurance .
__
Federal Government expenditures
78.6
89.5
95.3
89.3
96.0
96.1
94.4
na
20.4
24.3
26.6
23.2
na
36.7
17 6
11.9
12.4
39.8
22.0
12.9
14.7
43.3
20.8
13.8
17.4
40.2
20.9
13.3
14.8
42.6
22.5
13.6
17.2
43.4
21 1
14. 1
17.5
43.8
19.2
13.8
17.6
43.6
na
13.6
17.3
8.8
5.4
3.5
2.7
10.6
5.3
3.2
5.1
12.5
5.4
3. 6
5.1
10.8
4.9
3.4
4.1
9.4
na
3.6
3.1
87.9
90.9
92.3
91.5
90.3
91.4
9£.8
94.6
23.0
22 4
22.9
23.3
23.5
Purchases of goods and services.
52.6
53.3
52.4
52.5
51.8
51.7
52.7
53.3
13.0
12.9
13.0
13 2
13.2
8
9
10
Transfer payments
To persons
Foreign (net)
21.3
20 0
1.3
22.0
20 5
1.5
23.9
22.3
1.6
23.2
21.3
1.9
22.8
21.3
1.6
23. 5
21 8
1.7
23.9
22.4
1.4
25.3
23 7
1.7
5.6
52
.4
5.9
P 5
.4
6.0
5.5
.6
5.9
55
.4
6.0
5.7
.3
11
12
13
Grants-in-aid to State and local governments ..
Net interest paid
Subsidies less current surplus of government enterprises
5.4
56
3.0
6.6
6.4
2.6
6.1
7.2
2.6
6.4
6.9
2.5
6.2
7.0
2.5
6.2
7 2
2.7
6.2
7.3
2.6
5.9
7 4
2.7
1.8
17
.8
1.3
1.8
.6
1.4
1.8
.6
1.7
18
.6
1.6
1.8
.8
6
7
14
15
16
17
18
19
20
21
22
23
24
25
26
__
__
Surplus or deficit ( — ) on income and product account
State and local government receipts
-9.3
__
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
-1.4
—.1
3.0
-2.2
5.6
4.7
1.6
na
—2.6
1.8
3.7
42.1
46.2
48.0
46.8
47.5
48.0
48.2
na
12.0
11.6
12.1
12.2
na
5.7
1.0
27.5
2.5
5.4
6.2
1.2
29.6
2.6
6.6
6.7
1.2
31.3
2.8
6.1
6.3
1.2
30.2
2.7
6.4
6.6
1.3
30.8
2.7
6.2
66
1.2
31.2
2.7
6.2
6.7
1.1
31.4
2.8
6.2
6.8
na
31.8
2.8
5.9
1.5
.3
7.7
.7
1.8
1.9
.3
7.5
.7
1.3
1.8
.3
7.8
.7
1.4
16
.3
7.9
.7
1.7
1.4
na
8.1
.7
1.6
44.1
47.4
50.9
47.4
49.2
50.5
51.6
52.5
12.0
11.7
12.7
13 2
13.4
40.8
4.5
.6
1.9
43.9
4.7
.7
2.0
47.3
4.9
.8
2.1
43.9
4.8
.7
2.0
45.7
4.8
.7
2.0
46.9
4.9
.8
2.1
48.0
4.9
.8
2.1
48.8
5.0
.8
2.2
11.1
1.2
.2
.5
10.8
1.2
.2
.5
11.8
1.2
.2
.5
12.3
12
.2
5
12.5
1.3
.2
.5
na
.0
.0
-.6
-2.0
-1.1
-2.9
-.6
-1.7
-2.5
-3.4
-1.0
na
na
TABLE 8.—FOREIGN TRANSACTIONS IN THE NATIONAL INCOME ACCOUNTS (IV-2, IV-3)
1
Receipts from abroad _ _ _
2
Exports of goods and services
3
Payments to abroad
4
5
6
__
_ _
__
22.7
22.9
26.5
23.5
25.2
26.4
27.3
27.0
6.2
6.2
6.7
6.6
7.0
_
22.7
22.9
26.5
23.5
25.2
26 4
27.3
27.0
6.2
6.2
6.7
66
70
_
22.7
22.9
26.5
23.5
25.2
26.4
27.3
27.0
6.2
6.2
6.7
6 6
7 0
21.5
1.3
-.1
23.8
1.5
-2.5
23.5
1.6
1.4
23.9
1.9
-2.4
23.9
1.6
-.3
24 4
1.7
.3
23 5
1.4
2.3
22 4
1.7
3.0
60
.4
-.3
58
.4
.0
61
.5
.2
61
4
.1
5 5
.3
1.1
Imports of goods and services
Net transfer payments by Government... _ _ __
Net foreign investment
_
na—Not available.
_
_ __
National and Personal Income
[Billions of dollars]
1959
Lino
1959
958
1960
1960
IV
I
II
1959
11I
Line
IV
1958
1959
1960
Seasonally adjusted at annual
rates
National income
367.7 399 6
Compensation of employees
257.0 277.8 294.4 281.6 290.2 295.0 297.2 295.2
3
4
5
6
Wages and salaries
Private
Military
Government civilian
239 7 258 2 272 5 261 5 268 7 273 1 274 9 273 2
196.4 212.9 224.3 215.6 222.1 225.5 226.0 223.6
9 9 10 1
9 8
9 8
9 9 10 0 10 1 10 3
33 5 35 4 38 1 36 1 36 7 37 6 38 8 39 3
7
Supplements to wages and
salaries
Employer contributions for
social insurance
Other labor income
Employer contributions
to private pension and
welfare funds.
Other
9
10
11
12
13
14
15
16
17
18
Proprietors' income
Business and professional
Income of unincorporated
enterprises
_.
Inventory valuation adjustment
Farm
Rental income of persons
Corporate profits and inventory valuation adjustment.
Gross national product
Less: Capital consumption allowances
3
Equals: Net national product.. 406.1 441.6 460.0 445.0 459.1 462.0 460.0 459.4
21.9
20.1
21.5
21 9
22 3
22 0
8.0
9 4
9.5
10 1
10.9
11 0
9.6
10 5
10 8
10 7
11 0
10 9
11 1
11 2
10 9
11 1
7.3
21
7.9
23
46 4
46 5
47.8
46 3
46 0
48 1
48 3
48 8
32.3
34.7
35.9
35.1
35.4
36.0
36.1
35.9
32.4
34.8
36.0
9
— l
14 0
— 1
11 8
— 1
12.0
10
12.2
12.4
12.5
12.5
12.5
12 1
12.5
12 2
12.5
12 8
4
5
6
Plus: Subsidies less current
surplus of government enterprises
8
Equals: National income
11
12.5
14
15
16
Equals: Personal income
46.6
n.a.
45.5
48.0
45.3
42.2
n.a.
12
47 0
23.2
23 8
13.4
10.5
n.a.
n.a.
n.a.
14.0
n.a
44.8
22.1
22.7
13.8
8.9
48.8
23.8
25 0
13.9
11.0
45 7
22.3
23 4
13.9
9.5
41 5
20.3
21 3
14.0
7.3
n.a.
n.a.
n.a.
14.1
13
—.5
.0
14.7 16.4 18.7 16.9 17.8 18.5
25 Net interest
TABLE 10.—NATIONAL INCOME BY INDUSTRY DIVISION (1-11)
19.1
19.4
24
Inventory valuation adjustment
n.a.
Less:
Corporate profits and inventory valuation adjustment.
Contributions for social insuranceExcess of wage accruals over
disbursements
Plus:
Government transfer payments to persons
Net interest paid by government
_
Dividends
Business transfer payments. _
37.7
18.6
19 1
12.4
6.7
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
2
All industries, total
Agriculture, forestry, and fisheries
_
3 Manufacturing
Durable-goods industries
4
Nondurable-goods industries
5
6
Wholesale and retail trade
7
Finance, insurance, and real
estate
367.7 399.6
18.8
16.8
104.1 119.4
60.8 71.0
43.3 48.4
61.1
66.9
n.a. 402.8 414.4 419.4 419.3
n.a.
2
n.a.
3
n.a. 118.4 126.0 123.4 120.3
n.a. 69.5 76.1 73.1 71.0
n.a. 48.8 49.9 50.3 49.3
n.a.
n.a.
n.a.
4
5
6
7
n.a.
n.a.
16.4
67.9
15.9
68.0
17.6
70.0
69.7
8
20.1
.0
.0
24.5
25.2
27.2
26.0
26.1
26.7
27.3
28.7
6.2
12 4
1.8
7. 1
13 4
1.8
8.0
14 0
1.8
7.6
13 8
1.8
7.8
13 9
1.8
8.0
13 9
1.8
8.2
14 0
1.8
14 1
1.8
8.2
360.3 383.3 404.2 389.0 396.2 404.2 408.0 408.5
46.6
48.8
n.a.
49.6
50.3
51.3
52.8
n.a.
15
16
6
Corporate profits and inventory valuation adjustment
Profits before tax
Profits tax liability
Profits after tax
Inventory valuation adjustment
35.6
35.9
18.6
17.3
44.7
45.2
23.2
22.0
n.a.
n.a.
n.a.
n.a.
43.4
42.7
22.1
20.6
46.1
46.9
23.8
23.1
43.5
43.9
22.3
21.6
40.3
39.6
20.3
19.4
n.a.
n.a.
n.a.
n.a.
—.2
—.5
.0
.7
-.8
-.4
.7
.4
.8
.8
.8
Income originating outside
corporate business
... 171.9 180.3 191.2 182.9 185.4 190.6 193.9 194.9
n.a.—Not available.
14
10.9
11.2
11.1
48.1
36.0
12.1
48.3
36.1
12.2
48.8
35.9
12.8
12.5
12.5
12.5
13.9
26.5
14.0
27.3
14. 1
27.6
28.5
29.1
30.5
11.2
11.3
11.4
2.4
4.4
10.4
2.5
4.4
10.4
29
4.5
10.5
3.9
4.6
10.6
2.8
4.3
10 2
Government and government
enterprises
-- -
3
4
5
10.7
46.0
35.4
10.6
2.9
4.5
10 5
11
n.a.
10.5
46.3
35.1
11.2
2.5
4.4
99
n.a.
n.a. 219.8 229.1 228.8 225.5
11.0
47.8
35.9
12.0
3.9
4.6
9 4
50.5
Compensation of employees.. 159.3 173.9 183 2 175.7 182.2 184.4 184.4 182.0
Wages and salaries
147.2 160.1 167.7 161.6 166.9 168.9 168.6 166.5
Supplements to wages and
12.1 13.8 15.5 14.1 15.3 15.6 15.7 15.5
salaries
10.1
46.5
34. 7
11.8
10.7
49.4
n.a.
9.4
46.4
32.3
14.0
27.9
48.1
n.a. 402.8 414.4 419.4 419.3
97.9 107.2 111.4 107.7 112.0 112.8 111.8 109.1
76.7 84.7 88.0 85.2 89.0 89.0 87.9 86.0
63.8 68.2 71.9 69.1 70.3 72.0 72.7 72.5
34.7 37.5 41.0 38.8 39.8 40.7 41.6 42.0
43.2 45.3 48.2 45.9 46.6 47.6 48.9 49.6
10.5
46.7
29.2 29.8 30.6 31.1 n.a.
TABLE 11.—NATIONAL INCOME BY CORPORATE AND NONCORPORATE
FORM OF ORGANIZATION (1-14)
Other labor income
239.7 258.2 272.5 261.5 268.7 273.1 274. 9 273.2
27.8
n.a.
n.a.
360.3 383. 3 404.2 389 0 396.2 404.2 408.0 408.5
Wage and salary disbursements
Commodity-producing industries
Manufacturing only
Distributive industries
Service industries
Government
__
11.1
45.1
20.4
.0
29.0
41.7
.8
20.2
.0
10.2
Services
.7
19.9
0
27.0
10
13
14
.8
17 5
.0
8.5
n.a.
.7
20.2
.0
26.4
16.4
.8
17.3
.0
Transfer payments
Old-age and survisors insurance benefits
__
State unemployment insurance benefits
Veterans' benefits ...
Other
16 2
Net interest
14.8
12.5
15 9
12
42.2 Na
13 9
25.6
15.6
11
Na
45.3
12.5
n.a.
7
g
9
10
5
5
48.0
13 8
24.5
15 3
195.8 219.4
6
45.5
12.5
14 1
Income originating in corporate business
44 1
46.6 Na
14 0
26.8
n.a.
Communications and public
utilities
2
43.6
37.4
12.4
n.a.
18 0
367.7 399.6
5
13 4
23.5
42.8
18.2
National income
43.0
402 8 414 4 419 4 419 3
12.2
42.8
18 2
1
5
.5
12 4
20.8
42.2
17.4
29.3
.6
Dividends
Personal interest income
41.6
n.a.
27.5
11
367 7 399.6 Na
Rental income of persons
n.a.
17 5
Other
42 2
12
40 5
12
41.4
Proprietors' income
Business and professional. _
Farm __
16 3
9
43.2
9
10
11
37 4
3 Transportation
40.5
TABLE 13.—PERSONAL INCOME AND ITS USE (H-2)
17.6
n.a.
38.1
.4
-.8
1 Personal income
1
444 2 482 1 503 2 486 4 501 3 505 0 503 5 503 5
Less:
Indirect business tax and
nontax liability
39 4 42 6 45 1 43 5 44 4 45 3 45 1 45 4
Business transfer payments. _ 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8
Statistical discrepancy. _ _ _ -1.7 -1.8
Na
-2.6 — 1.1 -3.9 -5.8 Na
7
37.4
19
20
21
22
23
IV
1
19.6
10 6
III
2
17.4
11 2
II
TABLE 12.—RELATION OF GROSS NATIONAL PRODUCT, NATIONAL INCOME,
AND PERSONAL INCOME (1-18)
n a. 402 8 414 4 419 4 419 3
2
8
IV
Seasonally adjusted at annual
rates
TABLE 9.—NATIONAL INCOME BY TYPE OF INCOME (1-9)
1
1960
17
18
19
20
Less: Personal contributions
for social insurance
6.8
7.8
9.3
7.9
9.2
9.3
9.4
9.2
21
Less: Personal tax and nontax
payments
Federal...
__
State and local.
42.4
36.7
5.7
46.0
39.8
6.2
50.0
43.3
6.7
46.5
40.2
6.3
49.2
42.6
6.6
50.0
43.4
6.6
50.5
43.8
6.7
50.4
43.6
6.8
22
23
24
Equals: Disposable
income
personal
25
Less: Personal consumption
expenditures
26
Equals: Personal saving.. ._
27
Addendum: Disposable personal income in constant
(1954) dollars.
317.9 337.3 354.2 342.4 347.0 354.1 357.5 358.1
293.5 313.8 327.8 319.6 323.3 329.0 328.3 330.8
24.4
23.4
26.4
22.8
23.7
25.2
29.2
27.2
296.2 311.1 320.8 313.6 316.3 321.1 323.2 322.0
SUEVEY OF CUKKENT BUSINESS
February 1961
Saving, Profits, and Employment
1959
1959
1958
Line
1960
1960
I
IV
TABLE 14.— SOURCES AND USES OF GROSS
SAVING (V-2)
1 Gross private saving _
2
3
4
5
6
7
8
9
10
11
12
13
_
Personal saving _ _ _ _ . _
Undistributed corporate profits
Corporate inventory valuation adjustmentCapital consumption allowance
Excess of wage accruals over disbursements.
Government surplus on income and product
transactions
Federal
State and local
Gross investment
Gross private domestic investment
Net foreign investment.
._
III
IV
Billions of dollars, seasonally adjusted at annual rates
69.0
73.9
na
73.8
76.1
77.3
80.8
na
24.4
6.7
-.2
38.1
.0
23.4
10.5
-.5
40.5
.0
26.4
na
.0
43.2
.0
22.8
8.9
.7
41.4
.0
23.7
11.0
-.8
42.2
.0
25.2
9.5
-.4
43.0
.0
29.2
7.3
.7
43.6
.0
27.2
na
.4
44.1
.0
-11.4
-2.5
3.9
2.3
-1.8
na
-1.4
-1.1
3.0
-2.9
-2.2
-.6
5.6
—1.7
4.7
-2.5
1.6
-3.4
na
na
56.0
69.5
74.1
68.5
79.0
75.7
73.1
69.0
56.0
-.1
72.0
-2.5
72.8
1.4
70.8
-2.4
79.3
-.3
75.5
.3
70.8
2.3
66.0
3.0
TABLE 15.— CORPORATE PROFITS (BEFORE
TAX) AND INVENTORY VALUATION ADJUSTMENT, BY BROAD INDUSTRY GROUPS
(VI-10)
.2
-2.8
-9.3
-2.0
-1.7
Statistical discrepancy
II
-1.8
na
-2.6
-1.1
-3.9
-5.8
na
Billions of dollars, seasonally adjusted at annual rates
1
All industries, total
37.4
46.6
na
45.5
48.0
45.3
42.2
na
2
3
4
Manufacturing
Durable-goods industries
Nondurable-goods industries
18.8
9.2
9.6
24.8
12.8
12.0
na
na
na
23.2
11.3
12.0
26.2
13.6
12.6
23.5
11.6
11.9
21.6
10.5
11.1
na
na
na
5
Transportation, communications, and public
utilities
.
5.4
6. 3
na
6.3
6.5
6.4
6.4
na
6
All other industries.
13.2
15.5
na
16.0
15.3
15.5
14.2
na
-
_
TABLE 16.— CORPORATE PROFITS AND INVENTORY VALUATION AD JUSTMENT (VII18)
1
Corporate profits and inventory valuation adjustment
Billions of dollars, unadjusted for seasonal variation
37.4
46.6
na
11.7
11.2
11.7
10.7
na
47.0
23.2
23.8
na
na
na
11.5
5.7
5.9
11.5
5.6
5.9
11.7
5.7
6.0
10.5
5.1
5.4
na
na
na
-.5
.0
.2
-.3
.0
.2
.1
2
3
4
Profits before tax
Profits tax liability
Profits after tax
37.7
18.6
19.1
5
Inventory valuation adjustment
-.2
na—Not available.
TABLE 17.—EMPLOYMENT, PAYROLLS, AND AVERAGE ANNUAL EARNINGS, BY MAJOR INDUSTRIAL
DIVISION (VI-2, VI-13, VI-15 [SUMMARY])
Number of full-time
equivalent employees
Line
All industries, total
1
2 Agriculture, forestry, and
fisheries
Wages and salaries
Data in thousands
Millions of dollars
1958
1958
1959
1960
1959
1960
55, 141 56, 709 57, 559 239, 673 258,206 272, 471
Average earnings per full-time
employee
Dollars
Percent
change
1958
1959
1960
4,347
4,553
4,734
4.7
4.0
5.3
1958-59 1959-60
2,105
2,077
2,021
3,390
3,456
3,540
1,610
1,664
1,752
3.4
723
692
679
3,774
3,834
3,861
5,220
5,540
5,686
6.1
2.6
2,778
2,892
2,910 14,058 15, 195 16, 045
5,060
5, 254
5,514
3.8
4.9
5 Manufacturing
15, 531 16, 248 16, 419 76, 701 84, 723 87, 984
4,939
5,214
5,359
5.6
2.8
6
Wholesale and retail trade
10, 413 10,809 11,056 43, 063 46, 266 48, 984
4,136
4,280
4,431
3.5
3.5
7
Finance, insurance, and real
estate
3 Mining
4
_
Contract construction
8 Transportation
9
Communications and
utilities
2,422
2,492
2,558 10,880 11, 741 12,606
4,492
4,711
4,928
4.9
4.6
2,434
2,458
2,454 13, 362 14, 184 14, 806
5,490
5,771
6,033
5.1
4.5
public
1,461
1,437
1,439
8,083
5,063
5,390
5,617
6.5
4.2
10
Services
7,287
7,534
7,740 23, 801 25, 748 28,408
3,266
3,418
3,670
4.7
7.4
11
Government and government
enterprises *
9,987 10,070 10, 283 43, 247 45, 313 48, 154
4,330
4,500
4,683
3.9
4.1
12
Addendum: All private industries.. _ _
45, 154 46, 639 47, 276 196, 426 212, 893 224, 317
All private nonfarm industries. _ 43, 199 44, 714 45, 407 193, 588 210, 013 221, 372
4,350
4,565
4,745
4.9
3.9
4,481
4,697
4,875
4.8
3.8
13
* Includes rest of the world.
7,397
7,746
15
was likewise sustained by the volume
of consumer demand, though advances
were limited by cost-price relationships
which continued to exert pressure on
earnings in these lines.
In manufacturing, the sales gains in
nondurable consumer goods were mirrored in income as were the cyclical
advance of producer durables buying
and the rise in foreign demand. These
factors pushed income above 1959
totals in such diverse industries as
apparel, leather, tobacco, printing, and
nonelectrical machinery.
Changes
among the other nondurables groups
were mixed, as was experience in a
number of hard goods lines, where final
demand advanced relatively little if
at all.
The weaker trend in housing and
some branches of nonresidential construction, moreover, affected income
from building materials; and earnings of producers of a number of other
basic materials—notably the primary
metals—were adversely influenced by
the swing in inventory policy and
relatively limited strength of market
tone experienced by their industrial
users.
Several of these groups and in a
number of other industries dependent
on the flow of durables to final buyers,
production and sales spurted at the
beginning of the year with the termination of steel shortages and the attendant
release of buying power. Hard goods
manufacturing touched new production
peaks; mining and railroad business
also swung up, though remaining below
highs established in prior years.
As subsequent quarters saw the rapid
pace of inventory accumulation slow to
minor proportions and cease while the
advances in final demand lessened, durables production retreated accordingly,
affecting incomes from the related manufacturing and mining industries and
from the railroads. Greater strength
was apparent in the soft-goods area,
where output and earnings had advanced more evenly during the earlier
part of the year.
For the final quarter, national income
was still close to peak rates, about 4
percent above a year earlier. But it
was beginning to show the influence of
the basic tendencies which were lowering output as 1960 ended.
REVIEW OF THE ECONOMY IN 1960
2. Foreign Business
and Investment
E
constituted a strong spot
in the economy throughout the past
year, contributing to business volume
over a broad range of domestic industries. These markets were reviewed in
detail in the December 1960 issue of the
SURVEY, p. 11 et seq. and the general
pattern there set forth continued
through the end of the year.
Expansion of exports
Merchandise exports rose from an
annual rate of about $16.9 billion during
the second half of 1959 to about $20
billion in the middle of I960, a level
which was sustained during the remainder of the year. Merchandise
imports, which were at a peak rate of
$15.8 billion around the middle of 1959,
declined to about $15.4 billion a year
later, and during the second half of 1960
the decline was accelerated.
The rise in the export surplus thus
continued through the year—from a
seasonally adjusted annual rate of $3.2
billion in the first quarter to about $6
billion in the last quarter of 1960. The
increase in the first half of the year was
due primarily to advancing exports,
while in the latter part of the year it
reflected declining imports.
The $6 billion surplus on merchandise
trade was large enough to equal the
average net payments on other foreign
transactions during recent years prior
to 1960. The merchandise balance
compares with $0.9 billion in 1959, and
$3.3 billion in 1958.
Adverse balance large
Despite this large expansion in the
net of the merchandise trade, the U.S.
balance of international payments for
the year 1960 showed a loss of gold and
a rise in liquid liabilities by $3.8 billion.
At the beginning of 1960, the balance
of payments was considerably improved
16
compared with the previous year. The
decline in net liquidity was reduced to
an annual rate of about $2.6 billion—
$2 billion less than in the middle of
1959, and $1.2 billion less than for 1959
as a whole. Foreign purchases of gold
during the first three months of 1960
were down to $50 million, less than 10
percent of the net dollar receipts by
foreign countries.
By the end of 1960, however, the
difficulties for the dollar as a result of
the sharply rising outflow of capital
again increased.
Including a certain exceptionally
large direct investment transaction, and
the initial capital transfer to the International Development Association—
an affiliate of the International Bank for
Reconstruction and Development—the
U. S. MERCHANDISE TRADE SURPLUS
EXPANDS IN 1960
Exports in Fourth Quarter at High Rate
As Decline in Imports Continues
Billion
22
20
-
18
-
16
14
12
-
10
1956
57
58
59
60
61
Quarterly, Seasonally Adjusted, at Annual Rates
® Preliminary
U. S. Department of Commerce, Office of Business Economics
6 2 - 2 - 17
net decline in liquidity during the fourth
quarter was nearly $1,200 million, and
even more after seasonal adjustment.
Gold sales to foreign countries equaled
the net decline in liquidity, as foreign
countries as a whole converted their
entire net dollar receipts during that
period into gold. The monetary gold
stock of the United States, however,
declined by $300 million less than this
due to sales of gold to the United States
by the International Monetary Fund
against U.S. Government securities to
replenish the latter's income earning
assets.
Speculative purchases in October shot
the price of gold in the London gold
market up and although it subsequently
fell, nevertheless, for the remainder of
the 3Tear the London price of gold was
higher than the U.S. official price by
more than the usual margin. By early
February, the price of gold in the
London market was back to the normal
range around the U.S. fixed price.
Foreign private banks, businesses,
and individuals sold more than $K billion of their liquid dollars to their central
banks—the first major break in the
rising trend of private foreign dollar
holdings during the postwar period.
Private U.S. capital was invested in
short-term foreign assets in even larger
amounts than in the third quarter,
according to the statistics available at
this time, and the outflow of funds
through channels not included in the
currently reported statistics—which
show up in the balance on unrecorded
transactions (errors and omissions)—
also rose substantially.
These financial developments thus
overshadowed the changes that have
taken place in transactions in goods and
services which on the whole considerably
SUEVEY OF CURRENT BUSINESS
February 1961
increased our net receipts from foreign
countries in 1960.
Payments excess on nonmerchandise
accounts
The balance on services, military
transactions, and investment as usual
resulted in large net payments by the
United States. For the year as a whole
net payments were about $900 million,
the same as in 1959.
Net receipts from transportation,
other than passenger fares, increased
with the rise in exports and the decline
in imports, military expenditures fell off
somewhat while sales of military equipment increased. Income on U.S. investment abroad increased, but so did
incomes paid to foreigners on their investments in the United States. The
rise in net receipts or decline in net payTable 1.—U.S. Balance of International
Payments 1958, 1959, and 1960
(Billions of dollars)
Change
from 1959
to 1960
1958
1959
1960
(+ indicates
changes improving the
balance of
payments)
Recorded transactions
other than changes in
monetary gold holdings
and liquid liabilities
U.S. expenditures
abroad:
21.1 23. 5 23.3
U.S. imports
Merchandise
13 0 15 3 14 7
Military expenditures
3.4
3.1
3.0
4 7
Other services
51
5 6
Remittances and pensions
0.7
0.8
0.8
Government grants
and capital outflow. _ 3.1 * 3.0 3.3
2 8
2 3 34
Private capital
(short-term) _ _
(0. 3) (0.1) (1.1)
Total
27.8
U.S.
receipts
from
abroad:
U S exports
23.3
Merchandise.
10.3
Services and military
sales
7 0
Repayments of U.S.
Government loans _ _ _ 0.5
Foreign long-term investments in the
United States
0.0
Total
23.9
Consisting of:
Sales of gold
Increase in liquid
liabilities
+0.1
—0 5
—0.0
-0.3
11
(—1 0)
29.6
30.8
—i 2
23 5
16.2
27 1
19.4
-J-3 6
+32
7 3
7 7
+0 4
1.0
0.6
-0.4
0.5
0.3
-0.2
25.0
28.0
+3.0
Transactions unaccounted
for (net receipts +;
+0.4 +0.8 -1.0
payments — )_
Balance
+0.2
+0 6
-1.8
-3.5
a-3.8
2.3
0.7
1.7
—1 0
1.2
3.1
2.1
+1.0
-3.8
0.0
a Excludes $1,375 million paid to IMF for increase in
U.S. subscription. Of this amount $344 million was paid in
gold and $1,031 million in non-interest-bearing short-term
Government securities.
Note: Details may not add to totals because of rounding.
Source: U.S. Department of Commerce, Office of Business
Economics.
5SO;>73—Gl——3
17
inents on these transactions was offset Outflow of short-term funds
by a rise in net expenditures arising
The major developments which had
from international travel with payments an adverse effect on the balance of payrising by a larger amount than receipts, ments in 1960 were the rise in shortalthough percent age-wise the increase term capital outflows, and the shift in
on both sides was approximately the the balance on unrecorded transactions.
same.
Th adverse effect on the overall balPrivate long-term capital outflows—
ance of these two items was nearly $3
aside from one major corporate transactions at the end of the year—-probably billion.
The outflow of short-term U.S.
were somewhat smaller than in 1959,
private
capital for 1960 recorded in
particularly as a result of a decline in
new issues of foreign securities here, and
U. S. FOREIGN TRADE
of other portfolio investments. Direct
Merchandise EXPORT TOTAL Reaches New Peak in 1%0
investments, aside from the one very
As IMPORTS Recede From 1959 Record
large transaction mentioned—involving
B///iott Dollars (ratio scale)
the purchase by the U.S. parent company of minority interests in a foreign
operating company in order to obtain
complete ownership—and a similar but
smaller transaction in 1959, were somewhat higher.
The balance of payments effect of the
direct investments capital outflows may
FINISHED MATOACYyRiS: Exports in Strong
have been greater than the changes in
Recovery as imports Level Off
overall amounts, as a larger share of the
outflow was to Europe and consequently less likely to be in the form of
capital equipment or other goods and
services, than if it had been to less developed countries or to Canada.
Government nonmilitary grants and
loans were somewhat higher than in
1959, as a result of larger shipments of
agricultural goods under PL 480, larger
operations by the Development Loan
CRUDE and SIMIMNOrACTURED MATERIALS:
Fund, and our contributions to the InExport Advance Sparked by Foreign Boom; Imports
Reflect Eusiiig in Domestic Manufacturing and
teramerican Development Bank in the
Inventory Policy Changes
second quarter and the International
10
Development Association in the fourth.
8
Another difference in the net movement
6
of Government capital was the decline
in receipts from the repayments on
Exports
Government loans which were augmented in 1959 by advance repayments
amounting to $435 million. No adFOODSTUFFS: Exports Advance Further
vance repayments of major magnitude
As Imports Reverse Uptrend
occurred in 1960.
Receipts from foreign long-term inImports
vestments in the United States in 1960
were less than in the preceding year.
The decline—mainly in net purchases
of U.S. securities—was quite abrupt
during the second half of last year, and
1
accounted for a major part of the de1953 54 55 56 57 58 59 60
terioration of the balance of payments
bctS'C DC to: Census Bureau
U, S. Department of Commerce, Office o* Business Economics.
during that period.
J
18
statistics available at the time of this
writing was about $1.1 billion, compared with $100 million in 1959.
About $900 million of this outflow
occurred during the second half of the
year. Very large shifts in capital
movements are also indicated by the
changes in the balance on unrecorded
transactions from net receipts of nearly
$800 million in 1959 to net payments of
over $1 billion in 1960.
The large net payment balance on
unrecorded transactions was of quite
exceptional size for the postwar period.
Only in 1950 did unrecorded transactions result in net payments; and in
that 3^ear—which followed the devaluations of the major European currencies
and included the outbreak of hostilities
in Korea—net payments were only $30
million. During the 4 years 1956-59
the balance on unrecorded transactions
resulted in net receipts averaging about
$600 million.
The difference between the average of
$600 million net receipts and the 1960
SUEVEY OF CURRENT BUSINESS
our capital contribution to the IMF).
If the relatively large capital outflows
resulting from the purchases of minority
interests in foreign subsidiaries by U.S.
parent companies, the contributions to
the two international organizations in
1960 and the receipts from advance loan
repayments in 1959, are omitted, the
adverse balance in 1960 was somewhat
less than in the preceding year. Even
with these adjustments the improvement occurred largely in the first half
of 1960, while the adverse balance
during the second half was considerably
higher again,
As a result of the nearly continuous
decline in net international liquidity
during the last 11 years, short-term
liabilities
recorded by U.S. banks and
Liquidity position
foreign holdings of U.S. Government
The decline in international liquidity bonds and notes exceeded the U.S.
of the United States, measured by the monetary gold stock for the first time
decline in monetary gold and the rise in during the second quarter of 1959.
liquid liabilities during 1960, was about Liabilities to foreign countries only
$3.8 billion. That approximately (omitting those to international organequaled the decline in 1959 (omitting izations) passed the size of the gold
stock In the third quarter of 1960, and
by the end of the year exceeded the
U. S. GOLD STOCK AND LIQUID
TO
gold stock by about 31 billion (see
chart),
The Decline In the Gold Stock Has Been Extended
Legally, only foreign central banks
'While Liabilities Continued to Rise
and other official institutions can conBiiiion $
vert their dollar assets into gold. At
~~i
30
the
end of 1960 their dollar assets
Quarterly Data — 1957 - 60
amounted to about $10.3 billion, plus
a large share of foreign holdings of
U.S. Government notes and bonds.
Liquid dollar assets held by private
foreign investors can be sold to their
20
central banks, however, and thus may
also be considered a potential claim, on
our gold reserve. Although foreign
businesses and individuals use these
dollar assets as an investment of their
liquid funds or as working capital to
meet international obligations, the ex10
perience during the late months of 1960
indicates that the demand for dollars is
not fixed by such business consideraTo Official v.
yXvXv Organizations in
Y/XY!
tions but depends also upon the conT/.Y/.Y.Y.Y.Y.Y.Y.Y.Y Foreign Countries
.Y.Y.Y
fidence that its value will be maintained.
x^Y}:-^^^^
j
i iX-^Y*:^^^^
, , ,
Even with liquid liabilities slightly
1949
51
53
55
57
59
61
1957
58
59
60
61
exceeding
the gold reserves the dollar
D a t a ; U.S. T r e a s u r y , 9 FRB
is
still
one
of the strongest currencies in
short-term liabilities reported by U.S. banks, and foreign holdings of U.S. Government notes and bonds. Excludes
*//»<
the
world,
particularly in view of the
&*Excludes U.S. Government notes and bonds.
possibility of our drawing on the Inter|U. S. Department of Commerce, Office of Business Economics
6 I ~ 2 - 15
national Monetary Fund which—for a
balance of net payments of about $1
billion may give a measure of the
unrecorded capital outflows. A large
part probably consisted of outflows of
short-term U.S. capital, but there may
also be unrecorded transactions in
securities by U.S. as well as foreign
investors; unrecorded movements of
foreign short-term funds; and perhaps
also some outflows of direct investment
capital. During the last quarter of
1960 when net payments on unrecorded
transactions reached the highest rate,
they may have included also an indeterminate amount of payments resulting from gold purchases in foreign
markets by U.S. residents.
February 1961
February 1961
limited time—could augment our liquid
resources by over $4 billion.
Deterioration in latter half
The problem created by our balance
of payments does not arise from the
present relationship between our gold
reserves and our liquid liabilities. It
arises from the continuing deterioration
of that relationship.
Although there is no fixed point below which this relationship could not
be permitted to drop, the further it
declines the more the exchange value
of the dollar becomes exposed to domestic or foreign, economic as well as
political, developments which may affect confidence, and the more consideration has to be given to the effects on the
balance of payments of the various
economic policies, which it may be
desirable to pursue or other actions
which may be taken.
The events during the second half of
1960 clearly point in that direction.
The fact that these developments could
take place at a time when the relationship between the gold stock and the
liquid liabilities was still as favorable
as at the end of last year suggests that
the need to stop a further lowering
of our liquidity position has become
more urgent than it was several years
earlier, even though the decline in
liquidity by $3.8 billion in 1960 was not
significantly higher than during the two
preceding years.
Action on the balance of payments
Analysis suggests that the decline in
liquidity has not been a result of
relative cyclical business developments
here and abroad. While cyclical developments—particularly those abroad—
have a considerable influence on our
transactions in goods and services,
their effect on the balance of payments
tended to be offset (and in 1960 even
outweighed) by the balance on capital
movements as the freedom on capital
movements was gradually restored by
foreign countries.
In 1960, as business in other industrialized countries expanded and in
many of them approached the limits of
their productive capacities while busi
SURVEY OF CURRENT BUSINESS
ness activity here slackened in some
important industries, exports rose
rapidly while imports declined somewhat. At the same time these foreign
countries became more attractive for
investments, and the capital outflow
from the United States, as well as the
lower capital inflow here from abroad
had the opposite effect on the balance
of payments.
The capital movements which are to
be expected under such conditions were
greatly accentuated, however, by the
large spread between yields on liquid
short-term investments in the United
States and these other countries and at
the end of the year by speculative considerations. A rise in business here and
a slackening abroad which would tend
to reduce the capital outflow would,
however, also tend to reduce net receipts from merchandise trade.
A basic improvement of our balance
of payments appears to require—among
other things—a continued strengthening in our competitive position, which
would have a favorable effect on the
balance on goods and services, and also
increase the attractiveness of this country relative to others for investments by
U.S. and foreign capital. Some improvement became noticeable in I960,
in part induced by the need and desire
to meet foreign competition. The outstanding example was the development
of "compact" cars which has substantially reduced the demand for imports.
Other important cases of a strengthened
competitive position may be found in
other industries, of which aircraft and
electrical equipment are outstanding
examples.
The correction of our current position
has been the subject of study, analysis,
and action in recent months. A special
message of the President to the Congress on February 6 provided a summary analysis of the current position,
and outlined the steps which will be undertaken to bring about needed improvement in our net international
position.
The principal emphasis was on measures to expand domestic economic
activity primarily through investments
and expenditures designed to increase
19
our productivity—both over the short
and the longer run—and on the need
to keep prices stable, or to achieve
reductions where higher productivity
would make it possible.
It is recognized, however, that these
measures have to be supplemented by
others, which may have an immediate
and quick effect on the balance of payments. Of particular importance, at
this time, are those which would reduce
or stop the outflow of short-term capital, and induce foreigners to keep their
dollar assets rather than convert them
FOREIGN CARS
Imports Have Dropped Sharply—
At 3 Year Low in Final Quarter of 1960
Thousands of Units
200
100
j_
1956
_L
1957 1958 1959 1960 1961
Data: Census
U. S. Department of Commerce, Office of Business Economics
6! - 2 - IS
into gold. Other measures are designed to raise U.S. receipts from
exports, travel, and foreign investments
here, while lowering dollar expenditures arising from various Government
activities and private investments
abroad induced primarily by tax
incentives.
Some improvement in the position of
the dollar in foreign exchange markets
has taken place in recent weeks, partly
no doubt as a reflection of these events
and anticipated further actions which
will have the effect of moving towards
an improvement in the balance of
payments.
REVIEW OF THE ECONOMY IN 1960
3. Pattern of
Production and Trade
THE
preceding review has covered
the overall performance and the trend
of the economy in 1960 as viewed from
the standpoint of the framework of the
national income and product accounts.
In this more detailed review, evaluation
is made of particular areas and the
varied patterns which contributed to
making the year one of contrasts within
the general expansion to a cyclical peak.
The impact of shifts in demands was
felt directly in manufacturing—in factory sales, output, and employment—
and in retail trade where sales mirrored
the changes resulting from a shifting
pattern of consumer buying and where
the downward tendency of new residential construction and the related
furnishing of homes had an impact on
retail markets. The employment picture was one of increase for the year as
a whole. However, a downward drift in
factory employment and hours worked
occurred after midyear.
In agriculture, record output was accompanied by a sustained domestic
demand, by higher exports, and by
additional large support farm price
operations under Federal programs,
and high farm real estate values.
Production and consumption of energy from mineral fuels and waterpower
showed another rise in 1960. Petroleum was again the leading source of
energy followed by natural gas, coal,
and waterpower.
Industrial Production
Averaged higher in 1960; trend downward after midyear
INDUSTRIAL production increased
moderately in 1960 tracing a pattern
in the aggregate of relative stability and
subsequent decline. The advance for
the year as a whole was 3 percent over
1959, as measured by the Federal Reserve production index. This compares
with a 13 percent rise from 1958 to 1959,
a period of substantial recovery from
the 1958 cyclical low.
The rapid advance in output, following the settlement of the steel strike
early in November 1959, lifted the Federal Reserve seasonally adjusted production index to a high of 111 (1957 =
100) in January 1960. It held around
this volume until July, and then drifted
downward to a yearend rate 6 percent
below the average of the first half and
20
2 percent under the average for the
year 1959.
The production cutbacks were accompanied by layoffs of factory workers
and a shortening of hours worked per
week.
The reduced rate of production in the
latter half of 1960 reflected for the most
part the slowing down in inventory buying by many industries and some tapering off in demand for some products,
particularly for producer and consumer
durables. Inventory production adjustments were most pronounced in the
materials producing industries, and the
resultant curtailment in materials output was an important factor in the
movement of the industrial production
index.
Output of "final" products—a broad
measure of basic consumer, business,
and government demand—was maintained at a high rate throughout the
year, though some easing occurred in
the closing period of the year.
The four broad industry groups—
durables, nondurables, mining, and
utilities—all showed small year-to-year
production gains with each group reaching new highs, except mining. Minerals production remained below the
1957 average for the third consecutive
year.
For most manufacturing industries
output was higher in 1960 than in 1959,
with increases ranging by groups from
6 percent for instruments and related
products to 1 percent for paper products. Output of individual manufactured products, of course, varied
more widely. The exceptions among
the broad groups included clay, glass,
and lumber products among the durables and textile mill and leather products among the nondurable goods
industries. The gradual downdrift in
industrial production in the closing
months of the year extended to both
durable and nondurable goods industries though the extent of the decline
again varied among the major industry
groups. At the yearend, the industries
which were operating at or close to
earlier highs were largely those serving
markets for consumer nondurable
goods.
Consumer goods high
Output of consumer goods after an
almost uninterrupted advance extending over a period of more than 2 years,
reached a peak in the summer months of
1960 and then eased off, with the rate
at the yearend, according to the Federal
Reserve Board composite index, 4 per-
SURVEY OF CURRENT BUSINESS
February 1981
cent below the earlier high though still
about even with December 1959.
The accompanying chart records the
monthly movements of major consumer
goods constituting final products. Autos and accessories registered the largest
percentage increase from 1959 to 1960,
over one-eighth, followed by a smaller
rise in consumer staples and nominal
gains for clothing and shoes and home
goods.
were trimmed in December to 520,000
units from the October-November average of 614,000, and January completions were cut to 415,000 units, an
unusually low run of assemblies. February production schedules indicate
little change from the January rate.
A major highlight of the year has
been the strong consumer acceptance of
the domestic built" compact" passenger
car. About 2 million units were produced in 1960, about one-third of the
total passenger car count; in 1959, the
proportion was less than 15 percent.
A further significant development, reflecting in part the success of the
compact car, was the sizable reduction—from 670,000 to less than 450,000
units—in imports of foreign produced
cars, reversing the sharply rising trend
of the previous 5 years.
Expansion in autos
Production and sales of passenger
cars expanded sharply from 1959 to
1960. Aided by volume production of
the so-called "compact" cars, assemblies totaled 6.7 million units, second
only to the exceptional production year
of 1955. The year's total represented
an increase of more than 1 million over
1959 and was somewhat above the
1955-57 average.
Within the year, production of passenger cars was maintained at a high
rate—aside from the normal slowdown
during the summer changeover season—
averaging well over 600,000 units per
month, a volume considerably in excess
of retail sales. About two-fifths of the
increase in unit production of cars in
1960 went into dealers7 stocks, which
remained consistently high following
the rapid buildup in the first quarter
of 1960.
Cutbacks in auto output to bring
inventories of new cars more into line
with retail sales began in December and
coincided with the slow sales experienced since November. Assemblies
21
INDUSTRIAL PRODUCTION
Was Up 5 Percent in 1960;
Stability in First Half Followed by Decline
I n d e x , 1957= !00
140
120
-
100
80
Output of Most Major Groups was
Higher Than in 1959, But Tended Lower
After Midyear
Household goods dotvn
Production of home goods—major
appliances, furniture and rugs, radios
and television sets—began to slip early
in 1960. The decline worsened through
the summer and fall months as demand
was affected by reduced housing activity. The December index, at around
the low point of the year was about
one-tenth below the October-December
volume of 1959 and somewhat above
the first quarter of 1959.
For the year, output of electrical
household appliances, television sets,
and furniture and rugs registered decreases while radio sets and miscellaneous home goods posted increases.
Aggregate factory shipments of 10
140
Apparel and Shoes
120
100
>^^^
Consumer Staples
80
120
Materials
100
80
Equipment, Including Defense .-
60
1957
1958
1959
1960
1961
Seasonally Adjusted
Table 1.—Industrial Production
Data: FR8
U. S. Department of Commerce, Office of Business Economics
(Federal Reserve Index, 1957=100, Seasonally Adjusted)
Percent change
1960
1959
1960
1st qtr. 2d qtr.
Total industrial production
Industry:
Manufacturing total
Durable. _ . _
Nondurable
_ ._ .
July
Sept.
Dec.
1960
1959-1960
July- Dec.
105
108
110
109
110
107
103
-6.4
2.9
105
102
110
108
104
114
111
109
112
110
106
115
110
106
116
107
102
113
103
96
112
6 4
-9.4
-3.4
2.9
2.0
3.6
-1.0
2.1
M ining
95
97
97
97
98
96
97
Utilities
115
124
122
123
125
127
126
.8
7.8
107
110
100
111
115
103
112
114
103
112
116
103
112
116
104
110
114
103
108
112
101
-3.6
-3.4
-2.9
3.7
4.5
3.0
104
106
109
107
106
104
99
-6.6
1.9
Market:
Final products, total
Consumer goods
Equipment _ _ _ . _ _ _ - _
Materials
_
.
_
Source:
Board of Governors of the Federal Reserve System.
61-2-10
representative household lines were
roughly 10 percent below the high 1959
volume; only dishwashers expanded
over the year.
Production of black and white television receivers held at a high rate in
the- first half of 1960 but subsequently
declined sharply to round out the full
year 10 percent below 1959. On the
other hand, radio production expanded
by one-tenth to 17 million units, the
second best production year. Trade
sources report that the market for
color television sets improved substan-
SURVEY OF CURRENT BUSINESS
22
February 1961
for the year as a whole registered an of industrial equipment growth has
increase over 1959.
been a major feature of the economy.
Producers of capital equipment
In the machinery industry as a
turned out a record volume of goods in group, new orders placed with manu1960 for domestic and foreign use. facturers continued high and matched
Within the relatively stable aggregate, shipments until the closing months of
many important products underwent the year. Backlogs while somewhat
sizeable reductions while others con- under the July high point were still
tinued to show strength. The differen- large at yearend.
tial trends are of course attributable to
Activity in aircraft plants, as measthe varied patterns of demand in the ured by man-hours worked, was at a
Records for consumer staples and
econonw. For some industries such as reduced rate after a rise from 1958 to
capital equipment
textile machinery, farm machinery, 1959 and construction at shipyards
Output of consumer staples was in tractors, and construction equipment, was also lower. On the other hand,
record volume throughout most of 1960. inventory adjustments and the change the number of trucks rolling off the
This group—foods, tobacco, periodi- in investment outlays for new equip- assembly lines was the best in 5 years.
Producers of railroad transportation
cals, drugs, and fuels—accounts for ment adversely affected production.
nearly 60 percent of total consumer In others, such as electronic compo- equipment also turned out a higher
goods. Clothing and shoe production nents, heavy electrical equipment, spe- volume in 1960 than in 1959 but this
held relatively steady until the fall cialized automated office and digital was at the expense of their order
months before tending downward but computer machines, and certain types backlogs. New orders for freight cars
topped deliveries in only two months
of I960 and for the year aggregated
roughly two-thirds of the 1959 volume
Table 2.—Varied Production Pattern Illustrated By Individual Products
and three-fifths of actual deliveries to
Class I railroads. New freight cars
1960
Percent
1959
(Prel.)
change
Unit of measure
Product
placed
in service in recent years have
1959-60
not kept pace with the number retired
Higher than in 1959
by Class I railways.
Consumer goods
Demand for diesel-electric locomoPassenger cars
19
6, 67o
5, 591
Thous
Mil „
121
Pneumatic casings
3
118
tives
also fell sharply in 1960. In the
10
Thous
Radios
17,126
15, 622
560
Thous
1) ish washers
547
2
last
3
years new orders have averaged
Bil
4
509
489
Cigarettes
less
than
500 units per year, an excep2
Mil Ibs
24, 272
Moats, including lard
24, 796
Mil. bbls
Gasoline
1,527
1,488
3
tionally
low
volume relative to the
Mil
128
82
Transistors _.
_ __ _
56
124
A [ ) pa rol produ cts
3
120
FRB 1957=100
27,000 to 28,000 units in service on
Producers* goods and materials
railways during this period, Yearend
Thous
1, 194
1,137
backlogs for railroad rolling stock were
Mil ofdol
Machine tools
21
651
538
4
19, 744
Units
Tractors, shovel loaders.
.
20, 600
less
than half the year-ago totals,
P r i n t i n g trades machiiierv
15
350
Mil. ofdol
305
tially from 1959 to i960 with production well in excess of the 100,000 mark.
Despite the production cutbacks,
there were further additions to inventories over the year for some household
products and at yearend were in the
aggregate little changed from the relatively high figure at the end of 1959.
For a few products, stocks were high
in relation to sales.
C i v i l i a n aircraft airframe wciuht
F re {"lit" cars
S to'-l inc;o ts
Aluminum primary
Mil Ibs
Units
Mil sh tons
Thous sh tons
23 132
38, 447
93
1, 953
23, 143
57, 31 4
99
2,014
Copper, refined
S vnthctic rubber
I n d u s t r i a l chemicals I'apev and board
S y n t h e t i c fibers, other than rayon
Thous. sh. tons
Thous Ig tons
FRB 19.57=100
Thous. sh tons
Mil Ibs
1,098
I , 380
118
34. 007
1,514
1,436
127
34, 229
38
856
8
I
8
_
__
793
49
3
Lower than in 1959
Consumer goods
Television sets
H efr iterators, electric
\.ir conditioners room
Washing machines
Thous
Thous
Thous
Thous
6, 349
3, 785
1,600
3.828
5, 708
3, 406
1,521
3,274
-10
-10
-8
-14
Drvers
Furniture and rugs
Shoes and slippers
Hosiery.
Thous
FRB 1957—100
Mil prs
Mil. doz
1,382
119
638
157
1,238
118
598
151
-10
115
252
842
37
91
150
365
35
-21
-40
339
8, 977
1,097
1.628
319
8. 715
969
1, 554
-6
-3
-12
—5
-6
-4
Producers' goods and materials
Farm machinery
Tractors wheel type
Diesel-electric locomotives
Lumber
FRB 1957 = 100
Thous
Units
Bil. bd. ft
Cement _
Cotton consumption
.Rayon and acetate
.Rubber, natural and synthetic, consumption
Mil. bbls
Thous run bales
Mil Ibs
Thous. Ig. tons
Sources: U.S. Department of Commerce, Office of Business Economics, based upon data obtained from private and
Government sources.
Basic materials off
Orders received by producers of basic
manufactured materials reflected the
more volatile nature of such demand,
shifts in inventory requirements, and the
reaction of material users to the supplydemand situation. The character of
the 1960 pattern for such industries
can be followed in the steel industry
which traced a pattern differing sharply
from the forward appraisals made early
in 1960.
The steel industry began the }Tear at
a fast pace as steel users placed substantial orders for immediate consumption and for inventory buildup in
anticipation of higher sales. Mill operations in the first quarter averaged
around 95 percent of rated capacity as
February 1961
of January 1, 1960 but before the end
of the quarter demand fell rather
rapidly. There was no real improvement during the remainder of the year
as users' inventories of steel were
apparently drawn down. December
operations yielded 5.8 million ingot
tons, the lowest for the year. The
July-December output amounted to
38.5 million tons, an annual rate of 77
million tons; in the first quarter of 1960,
the comparable figure was about 140
million tons.
For the year as a whole, 99.3 million
tons of steel ingots and steel castings
were produced. This was 6 million
tons higher than in 1959, and substantially below the 113-117 million
tons produced in the 1955-57 period of
high and rising economic activity.
In response to some pickup in demand
from nonautomotive markets, January
output of steel rose to 6.4 million tons,
somewhat below the July-November
mon thly average. Some further modest
improvement occurred in February.
In other materials-producing industries, the production adjustments were
more limited. For nonfcrrous metals as
a group, overall supplies in 1960 were
well above 1959 despite some cutbacks
in the closing months of the year. All
of the expansion came from domestic
sources as imports were generally in
lower volume.
Primary aluminum producers in turning out a record volume operated at an
average rate of 83 percent of installed
capacity though ending the year at 79
percent of capacity. Refined copper
was also produced, in larger volume than
ever before. Production rates for these
two metals were supported by strong
demand from foreign sources. Shipments to overseas markets in 1960 more
than doubled the 1959 volume for both
refined copper and crude aluminum.
Production of lead and zinc, however,
was only moderately above the 1959
tonnage.
Total domestic consumption of nonferrous metals during 1960, as represented by shipments to consuming
markets, did not keep pace with available supplies so that stocks accumulated
at refining and fabricating plants and at
yearend were substantially higher than
the 1959 totals. With slow demand
and relatively high inventories coupled
SURVEY OF CURRENT BUSINESS
with some price weakness additional
curtailments in the output of nonferrous
metals have been put into effect since
the turn of the year.
The 1959 to 1960 changes in output of
materials outside the metals group were
moderate except for lumber and certain
other building materials, the latter
reductions reflecting in part the lower
trend of construction volume, particularly of residential building.
23
Production of industrial chemicals
which include the fast growing plastics
materials reached a new peak. Bituminous coal production, showing little
change for the year, mirrored the
curtailment of steel output.
Summed up, the materials producers
had a less satisfactory year than did the
manufacturers of finished investment
and consumption goods.
Farm Production and Income
Record output, with income little changed-—Cotton stocks
reduced, but grain stocks again increased
AGRICULTURE production rose
again in 1960 as a record crop was harvested. With personal income and
national production higher, the domestic demand for farm products was in
general well sustained, and exports
have been at an unusually high rate
aided by various Government programs.
However, the large production has required the continuance of substantial
price support operations and stocks of
farm commodities have remained high.
The average of prices received by
farmers was only a bit below 1959, and
gross farm income was about the same.
With farm costs relatively stable, net
income of farm proprietors at SI2 billion was also little changed from 1959
and the average of recent years. It
continues below earlier highs reached
after World War II.
Meanwhile the value of farm real
estate has shown a substantially different trend. Until the past year, the
average farm land price had shown a
strong, almost uninterrupted, rise. At
the beginning of 1980, average farm
real estate value had risen nearly threefourths above the 1947-49 average
(whereas farm proprietors' income was
appreciably lower). The value of farm
real estate leveled off in early 1960 and
eased a bit during the course of the
year.
In the past decade, there has been a
considerable move in the direction of
consolidation of farms, and continued
heavy investment in farm machinery
and land improvement, together with a
decline in the number of small farms.
Preliminary agriculture census reports from the 1959 Census show a substantial drop in the number of noncommercial farms producing less than
$2,500 annually, and little change in the
number of commercial farms. By size
of holdings, the number of farms with
less than 260 acres has declined, and
Table 3.-—Farm Gross National Product
(Billions of dollars)
Constant 1954 dollars
Current dollars
,% ! 1957
1958
1960
1. Total value of farm output..
37.3
38.7
2. Less: Value of intermediate
products consumed, total._
16.8
16. 5
20.4
22.1
3. Equals Farm cross national I< "KtUCt
21.8
SURVEY OF CURRENT BUSINESS
24
production has been accompanied by
continued heavy Government price
support operations. Disposition of
crops abroad has been stepped up, but
the rise in grain surpluses has continued.
Feed grain production was again higher,
more than two-fifths above the 1947-49
average. Feeding rates are high and
exports have continued large. Some
reduction in grain-consuming livestock
has occurred. The carryover of feeds
at the end of the crop year is expected
to show another large rise and to be
about half the size of a year's crop.
Corn prices received have declined and
are lower than in a number of years,
averaging around 90 cents a bushel at
the end of 1960. They were up slightly
in January.
Wheat production rose to almost 1.4
billion bushels in 1960, up 240 million
from the year before. The carryover
at the beginning of the season (early
summer) was about equal to this year's
crop and little changed from a year
the number with acreage between 260
and 500 has been relatively stable. The
number of larger farms has increased.
Rise in farm production
The increase in farm output last year
was in crops, with the total harvest well
above the large crop outturn of each of
the preceding 2 years. Acreage was a
little below that of 1959, but yield per
acre was higher. Although record or
near-record yields were posted for most
major crops, perhaps the most significant point is that for 3 years now yields
have been well above earlier highs, following a sharp upturn beginning in
1955. Yields had a secular uptrend
prior to that time, but the recent increases have been much larger than in
any corresponding earlier period. Thus,
with no expansion in acreage, higher
yields have pushed output, especially of
grain, well ahead of the rather slow
growth in consumption.
The additional expansion in crop
AGRICULTURE INCOME AND OUTPUT IN 1960
GOVERNMENT STABILIZATION
PRICES Were Little
FARM OUTPUT Was
Changed From 19591
Up Again
OUTLAYS Remain High
1947-49=100
1910-14 = 100
Billion $
140
350
10
Paid by Farmer/
120
-
100
—
300 -
5 -
Budget Code 351, .
Fiscal Years
200
80
1950
55
1950
65
60
I
55
I 1 I 1
!
60
65
1950
55
.60
65
Dips After Extended Rsse r
Biilicn $
Biliion $
60
200
j
40 -
150
Net'
20
100
\
(on Jan. 1) j
.1 I 1 I 1 I 1 I 1 1 1.. 1
1950
55
60
65
1950
55
60
..I.
50
65
Data-. Agri. DapT,
of Commerce, Offics of Business Economics
earlier, but the carryover next summer
is expected to record a considerable
increase. Exports have been high
during the past year—reaching 600
million bushels in calendar year 1960—
and are expected to continue large.
Also the volume of the 1960 crop placed
under price support has been great, and
with some withholding by growers, prices
received by farmers have been maintained close to or above the effective
support level.
The average support price for wheat
was $1.78 per bushel for the 1960 crop,
and the "advance" minimum support
level for the 1961 crop is the same.
The large 1960 crop with the price well
sustained brought a substantial increase in cash receipts. Early crop
condition reports indicate that another
big fall-seeded wheat crop is on the way.
Cut in cotton stocks
The supply situation for cotton is
quite different from that for the grains.
During the past 4 years, the carryover
has been cut in half with the assistance
of a Government export payment. A
crop of a little over 14 million bales in
1960 was smaller than the year before.
Although domestic consumption declined substantially in the latter part of
1960 and is expected to be smaller for
this crop year than in 1959-60, exports
are holding at high rates. Aided by
increased Government financing, cotton
exports are expected to be only moderately below the high 7.2 million bales
shipped in the 1959-60 season.
Shifts in livestock
l i
PROPRIETORS7 EQUITY High-
Net INCOME Was Up
Slightly From 1959
February 1901
61-2-13
Output and prices of livestock and
products were about the same in 1960
as in 1959. Dairy production rose a
bit in 1960, following slight declines in
the 2 preceding years. Prices were
also higher with a noticeable strengthening in demand for cheese, where
prices advanced above support levels
and curtailed CCC purchases. Butter
and dried skim milk support purchases
continued to be significant influences
during the year. Also a decline occurred in feed prices, and some improvement in net returns to dairying was in
evidence at the yearend.
Meat animal production moved a
little lower in 1960, with contrasting
SURVEY OF CURRENT BUSINESS
February 1061
Table 4.—Selected Agricultural Series
Farm
production
Year
(1947-49=100)
1950
1951
1952
1953
1954
1955
_ _
_.
1956 1957
1958
1959
1960
_.
,
Prices received by
farmers
Prices paid
by farmers
(1910-14=100)
Budget expenditures
for stabilization of farm
prices and1
income
101
104
108
109
109
113
258
302
288
255
246
232
256
282
287
277
277
276
1.84
—.46
.05
2.12
1.69
3.49
114
114
124
126
129
230
235
250
240
238
278
286
293
297
299
3.90
3.43
3.15
5.13
3.28
Income of farm proprietors
Gross
Net
(Billions 3f dollars)
33.3
14.0
38.4
16.3
15.3
37.9
34.7
13.3
34.4
12.7
33.6
11.8
118.3
136.5
151.0
146.8
142.6
146.9
34.2
35.2
39.3
38.0
38.2
149.2
156.8
165.8
179.0
179.3
11.6
11.8
14.0
11.8
12.0
3.26
3.40
1961
1962
1. Fiscal year. Budget Code 351.
Farm proprietors'
equity on
January 1
173.6
Estimates for 1961 and 1962 are from January 1961 Budget.
Source: U.S. Department of Agriculture.
hog and beef developments. Pork output was reduced in I960, with lower
marketings in the latter part of the
year accompanied by a sustained
strength in hog prices during the final
months of the year when heavy seasonal
marketings normally bring a considerable price decline. High hog prices
and a decline in corn prices accompanying the huge 1960 crop production
brought some expansion in farrowing
plans late in I960, but considerably
reduced hog numbers on farms indicated light marketings during the first
several months in 1961.
Beef cattle slaughter was appreciably
higher in 1960 and prices were somewhat lower during most of the year.
The buildup in herds of the past few
years continued in 1960 but the rise
was small, and the number of cattle on
feed at the yearend was above a year
earlier. Continued heavy marketings
of cattle are indicated on the basis of
the preliminary estimates by the Department of Agriculture of the size and
composition of beef cattle stocks. Prices
of fed cattle showed some strengthening
at yearend, approaching or exceeding
those of a year earlier.
Cash receipts from poultry and eggs
were appreciably higher in 1960, following a rather substantial decline in 1959.
Egg prices had been particularly depressed in 1959 and early 1960, but a
subsequent decline in replacement of
laying flocks was followed by reduced
egg production during 1960 and a
recovery in egg prices after the early
months of the year. The higher prices
have continued and an expansion in
flocks appeared to be imminent at the
yearend. Broiler prices were also
higher in 1960 and production continued
to expand. In early 1961 turkey producers reported that they intended to
raise 20 percent more birds than the
year before.
Rise in farm. GNP
Farm gross national product is a
value-added concept obtained b}^ subtracting the value of (intermediate)
materials used up in the production
process from the total value of farm
output. It measures production occurring on farms, without duplication,
and is "gross77 only in the sense that
25
depreciation and other capital consumption allowances are not deducted. It
is computed both in current dollars and
in constant 1954 dollars.
Farm gross national product in
constant dollars showed an appreciable
rise in 1960 from the narrow range in
which it had moved in the preceding 5
years. Over a longer period of time
farm GNP in constant dollars has had
a general upward movement which has
been roughly proportional to the constant dollar value of productive assets
on farms so that the real capitalproduct ratio for agriculture has been
relatively stable for the oast two
decades.
In terms of current dollars, however,
farm GNP was about $21 billion in 1960,
up a little from the year before but not
much changed from other recent years,
and well below the peak of nearly $24
billion reached in 1948. On the other
hand, the current value of productive
farm assets has shown a general advance
until this year, rising about 70 percent
in the period since 1948. This has
brought a rise in the ratio of current
dollar capital to annual product from
around 4 to 1 in 1948 and several preceding years to about 7 to 1 at the
present. During the past year, the
value of agricultural assets showed a
dip, reflecting lower farm real estate
estimates.
Retail Trade
Sales reached new high—variation by lines during year
JL OTAL retail sales in 1960 reached a tion expenditures for goods, rose relanew high of $219K billion, up 2 percent tively about one-half as much. This
from the previous year. About one- lesser advance has been typical of the
half of this gain represented the increase experience in the past decade as an
in the physical volume of goods moving ever-increasing share of the consumer
in retail channels, as prices of commodi- dollar has been channeled into servties at retail rose, on the average, about ices—only a small part of which passes
through retail trade establishments.
1 percent.
As indicated earlier in this Review,
In addition, some sectors of retailconsumer income rose 5 percent from ing—for example, dealers in lumber1959 to 1960, while retail sales and its construction materials and farm implehighly related counterpart, consump- ments—are primarily suppliers of
SUEVEY OF CURRENT BUSINESS
26
Table 5.—Sales of Retail Stores by Kinds of Business 1959-60
(Billions of dollars)
Seasonally adjusted quarters at
annual rates
1959
1960
1960
AH retail stores l
Durable goods stores
....
Automotive group
Furniture arid appliance group
Lumber, building, hardware group
Nondurable goods stores '
_ _ _ _ _ _ _ _ ___
Apparel group
Drua; and proprietary stores
Eating and drinking places _.
Food group
Gasoline service stations
General merchandise group..- _ _ . _ _ ._ _
___
_._
_____
I
II
III
IV
215.4
219.6
217.7
223. 6
217.4
219.4
71.7
39.4
11.0
11.9
71.0
39.5
10.6
11. 5
71.5
40.3
10. 8
11.5
73. 6
41.2
10.9
11. 9
69.1
37.6
10.7
11.4
70.2
39.0
10.3
11.2
143. 8
13.3
7.2
15.6
51.7
16. 8
23.4
148. 6
13.6
7 5
16. 1
54. 0
17.6
23.9
146, 2
13.7
150. 0
13.6
7.4
16.3
54.4
17. 6
24. 1
148. 4
13.6
149.3
13.3
7.6
16. 2
54.6
17.8
23. 9
15. 8
53. 3
17.3
23.2
16. 0
53.7
17. 6
23.8
1. Totals include lines of trade not shown separately.
Source: U.S. Department of Commerce, Bureau of the Census and Office of Business Ecc
investment rather than consumer goods.
With residential construction outlays
down sizably from 1959 and the demand
for farm implements relatively weak for
the year I960 as a whole, sales in
supplying trades were adversely
affected.
The retail sales advance occurred,
entirely at nondurable goods stores,
where each major line contributed to
the group's 3 percent rise from 1959 to
1960. Demand for durable goods
showed little buoyancy last year, with
automotive dealers 7 dollar sales little
different from 1959—despite the larger
number of new cars marketed in 1960—•
while both the furniture and appliance
group and the lumber-hardware group
experienced some easing in sales.
From the low point at the end of 1959
during the steel stoppage, durable
goods stores' sales rose rapidly to reach
a peak in the spring of 1960 and then
moved below this rate for the remainder
of the year. A temporary pickup
occurred in October and November
reflecting initially high sales of the 1961
model automobiles. At yearend, durable goods sales were at their lowest
point of the year as December and
January sales of new cars were sharply
reduced. A significant influence on
automotive dealers' dollar sales in 1960
has been the steady decline in average
unit prices for new cars, as the lower
price compacts assumed increasing importance. A reduction in used car
prices with little change in the volume
of marketings was also a factor in the
1960 picture.
re ana appliance anc1 at
At furnitui'i
limiber-building-hardware stores, sales
in 1960 showed a downward trend
through most of the year- -partly reflecting, as earlier noted, the slowdown
in private residential construction.
Sales at furniture and appliance stores
were down 4 percent from 1959 and. at
lumber-build ing-hard ware stores 3 percent. In each of these groups, declines
became pronounced during the second
half of last year.
Nondurable goods store sales in 1960
were more responsive to the improve-
February 1061
ment in consumer income; except for
a slight drop in the summer months,
sales were strong throughout the year.
The largest gains for the year, 5
percent, were shown for drug stores and
gasoline service stations. Sales of these
groups as well as general merchandise
stores and restaurants were at about
their highs as the year drew to a close.
Food store sales rose 5 percent from
1959 to 1960, with a generally rising
tendency affected in part by rising food
prices. Apparel store sales rose 2 percent from 1959, although the basic trend
last year was slightly downward.
Most major departments contributed
to the moderate rise in department
store sales from 1959 to 1960. A
notable exception was the home furnishings department where lowered
sales of furniture, floor coverings and
major household appliances more than
offset the sales gain in the radio, phonograph, television depart in ent.
Although department store sales were
strong at yearend, stock-sales ratios
were up somewhat over the year, and
department stores cut back their placement of new orders with manufacturers
in the October-December period.
Demand for labor up in I960—
Declines after midyear chiefly in manufacturing
OVERALL demand for labor showed
industry shifts previously discussed in
the earlier part of this report. Employment expanded through July, leveled
off in the late summer months, and then
moved downward. The employment
reduction in the later half of 1960 came
largely in manufacturing, which accounted for three-fourths of the drop.
The number of persons employed in
nonfarrn establishments in 1960 averaged 52.9 million, over 900,000 higher
than in 1959.
In December, aggregate nonfarm
employment at 52.2 million, seasonally
adjusted, was nearly 2 percent below
July and 1 percent under the year ago
figure. With the growth of the labor
force, unemployment tended to rise during the year and was higher at the yearend than was the case a year earlier.
Hours worked per week in manufacturing tended downward and averaged
lower than in 1959. The monthly
movement of hourly earnings, on the
other hand, continued upward to a
record high in December. Aided by
higher basic wage rates, labor income
advanced through the summer and fall
months, but fell in December under the
continuing impact of reduced employment and sharp cuts in the workweek,
particularly among factory workers.
With profits declining most of the
year, companies were under continuous
pressure to lower costs and improve the
efficiency of operations.
All major labor divisions posted
employment increases over the year,
except mining and public transportation. The advance in Government,
primarily in State and local agencies,
SURVEY OF CURRENT BUSINESS
February 1061
EMPLOYMENT AND INCOME
Large Advance in Labor Income In I960
Some Decline at Yearend Was , . ,
250 -
200 L
Due Mainly to Lower Employment
In Commodity-Producing industries
Million Persons
30
20 =
Manufacturing, Mining,
end Construction
10
i
/!
Government
Factory Workweek Eased Off While
Hourly Earnings Continued Upward
Earnings
Hours
45
• Houses Per Week in Manufacturing
X
$2.50
40
cember, with manufacturing, by far
the most important segment in the
employment picture, accounting for
four-fifths of the reduction. On the
other hand, Government jobs continued to rise during the summer and
fall months while all other nonmanufacturing employment held at a relatively steady level. In December 1960,
employment was lower than in July
and the year earlier for all industrial
divisions—except Government, finance
and services.
In manufacturing, the industry pattern of employment losses in the latter
half of 1960 paralleled for the most part
part the production declines earlier
discussed. The typically sensitive durable goods industries reported heavier
losses than the nondurable goods sector.
The largest and most persistent of the
cutbacks occurred in primary metals,
reflecting in large part the downturn in
steel production. Less severe but
nevertheless significant reductions were
experienced in some of the metal fabricating industries and clay, glass and
lumber products. Among the larger
nondurable goods industries, textile
mill and apparel products had the most
unfavorable employment experience in
the July-December period of 1960,
27
Shorter workweek
The length of the workweek was lower
last year than in 1959 for most major
industrial divisions except public utilities and trade, but the reductions were
generally small, except in manufacturing where the average for the year fell
by six-tenths of an hour. The average
workweek of production workers in
manufacturing declined almost steadily
during the year, from 40.4 hours in
January to 38.3 in December, after
seasonal adjustment. In December
alone, the loss was nearly an hour but
part of this was due to stormy weather.
As in production and employment, the
declines in the average workweek were
widespread throughout manufacturing,
extending to both durable and nondurable goods industries, though in
varying degrees.
Labor income high
The year 1960 brought another increase in labor income, and purchasing
power. This has been reviewed in the
earlier chapter of this report, which
summarizes the forward movement of
the economy, and the mixed tendencies
which went in part to make up the
whole.
Table 6.—Employment, Earnings, and Income
35
Hourly Earnings in Manufacturing
1957
$2.00
1958
1959
1960
(Monthly average, mi lions)
1959
Jan.
1959
Dec.
1960
Jan.
1960
Dec.
1961
Jan.
(Seasonally adjusted, millions)
30
1957
1958 1959 1960 1961
Seasonally A d j u s t e d , Except Hourly Earnings
Data: BLS a QBE
U, S. Department of Commerce, Office of Business Economics
Total
..
Manufacturing
Durable goods industries
Nondurable goods industries
52.2
16.8
9.8
7.0
50.5
15.5
8.7
6.7
52.0
16.2
9.3
6.9
52.9
16.3
9.4
6.9
51.1
15.8
9.0
6.8
52.7
16.4
9.5
6.9
52.9
16.6
9.7
6.9
52.2
15.8
9.0
6.8
52.3
15.7
8.9
6.7
35.4
.8
2.8
35.0
.7
2.6
35.8
.7
2.8
36.6
.7
2.8
35.3
36.3
2. 6
2^8
36.3
.7
2.8
36.4
.6
2.6
36.fi
.6
2.7
6 I - 2 -11
and trade accounted for two-thirds of
the total increase in nonmanufacturing
employment. Factory employment increased by 170,000 over the year.
Most of the durable and half of the
nondurable goods industries reported
year-to-year gains.
Manufacturing employment off
The most significant changes in
employment trends in the last half of
1960 centered in the commodity producing industries and construction,
summarized in the center panel of the
accompanying chart. Employment in
these industries, seasonally adjusted,
declined
900,000 between June and De
Employment in nonagricultural occupations
Nonmanufacturiug
M ining
Contract construction
Transportation and public utilities
"Wholesale and retail trade. .
Finance, services, and real estate. .
Service and miscellaneous
_
Government
_ -
4.2
3.9
3.9
3.9
3.9
3.9
3.9
3.8
3.8
11.3
2.3
6.3
7.6
11.1
2 4
6.4
7.9
11.4
2.4
6.5
8.1
11.6
2.5
6.6
8.5
11.2
2.4
6.4
8.0
11.5
2.4
6.6
8.3
11.6
2.5
6.6
8.3
11.5
2.5
6.7
8.6
11. 7
2.5
6. 7
8.6
39.7
$2.29
$90. 91
40.0
$2.19
$87. 38
40.2
$2. 27
$92. 16
40.4
$2.29
$92. 29
38.3
$2. 32
$89. 55
38.7
$2. 32
$89. 55
(Monthly average)
Hours and earnings
All manufacturing industries:
Average weekly hours, seasonally
adjusted.
. __
Average hourly earnings. . .
Average weekly earnings
39.8
$2.07
$82.39
39.2
$2.13
$83. 50
40.3
$2. 22
$89. 47
(Billions of dollars)
(Seasonally adjusted, annual rates,
billions of dollars)
Personal income
Total
Wage and salary disbursements, and
other labor income _
351. 4
360. 3
383.3
404.2
371.9
393.9
395. 7
406.9
406. 3
247. 7
249.1
268. 3
283.5
258. 8
275.5
278.8
282.4
282.0
Source: U.S. Department of Labor and U.S. Department of Commerce.
REVIEW OF THE ECONOMY IN 1960
4. Energy Output and Use
Related to the
Gross National Product
By Charles A. R. Wardwell
jXPANSION in national production
E:
and consumption in 1960 was achieved
by a combination of increased inputs,
and more efficient use of the means of
production. Prior discussions have
considered emplo3^meiit and private investment in producers' capital equipment, and in this Chapter the input of
energy derived from the consumption
of mineral fuels and water power, and
the production of electric power is
related to the gross national product.
Petroleum continued as the leading
basic fuel, followed by natural gas, coal
and water powder; there were only
nominal changes from the previous year
in their percentage shares of total energy
consumption. Electric power production and consumption had another sharp
increase.
Total energy consumption from mineral fuels and water power increased
around 2 percent in terms of British
thermal units in 1960 as compared with
that in 1959. Of this 1960 total, about
6 percent was contributed by net imports, as the energy content of imported
crude and refined petroleum products
and hydro-electric power more than
offset the energy contained in exports
of coal and gas. The energy content
of mineral fuels and waterpower produced in the United States in 1960 was
about 41,000 trillion B.t.u., or roughly
1% percent above 1959 output.
The trend of real national product
continued to maintain in 1960—as it
has since 1930—a growth rate more
rapid than either labor input or total
energy input derived from mineral fuels
and waterpower. This comes about by
reason of more and better capital equip
http://fraser.stlouisfed.org/
28
Federal Reserve Bank of St. Louis
ment, improved labor skills, more efficient organization of productive forces
and shifts in the composition of national
output. Consumption of basic fuels as
measured in energy terms is the only
available series of data providing a physical measure of the activity of the
economy's power using equipment.
aspect has been the substitution of
power-driven equipment for labor. Second, it is a basic factor in the sweeping
evolutionary change in the composition
of the national product as new types
of goods and services, which were either
unknown or merely laboratory experiments at the beginning of the century,
have come to constitute an increasingly
Essential of progress
important portion of the total output.
The rising trend of energy use, in
These new goods and services could
conjunction with the increasing stock not be produced by any amount of
of technically more efficient capital labor or animal power unassisted by
equipment that it activates, has had technological progress, including the
a twofold impact upon the economy. development of energy-operated equipFirst, it is an important factor in the ment. Most of this input into the
rising trend of output per person economy is used for light, space heat,
engaged in production, of which one industrial heat processes, vehicles for
air, land and water transport and other
REAL NATIONAL OUTPUT AND
purposes. Examples of newer services
ENERGY CONSUMPTION
include air transportation, air conditioning, electric and electronic commuIndex, 1909 = 100
nications including radio and television.
500
Examples of the new products are missiles, the fissionable materials, the
newer metals such as aluminum and
400
magnesium—which were chiefly laboratory products until the large quantities
Real GNP
of cheap power necessary for their
300
production became available—synthetic
fibers, synthetic rubber, and many other
synthetic materials.
Even where the input of fuel energy
200
Energy
was initially a substitution for human
£ j
Consumption
labor or animal power or natural forces,
the resulting expansion of the quantity
100
and enhancement of the quality of the
service rendered has been such as to
set it entirely apart from its forerunner.
0
Mobility of persons and goods in our
T9JQ
20
30
40
50
60
current
economy has increased remarkD a ! o : Bureau of Mines a OBE
U. S. Department of Cor™ •rce, Office of Business Economics
6 f - 2 ' 14
ably. Practically all of the comforts
SURVEY OF CURRENT BUSINESS
February 19G1
and conveniences of the modern dwell- durable products other than foods and
ing require substantial inputs of fuel fuels. Defined as apparent consumpenergy for automatic heat, light, cool- tion, the data take account of net iming, power for driving labor-saving ports (imports minus exports) as well as
appliances and even for such a simple domestic production. Of the total consumption of energy materials in the
necessity as piped running water.
Among the most important objec- United States in the 1948-1957 decade,
tives of modern research and develop- nearly one-tenth consisted of imported
ment are not only new types of energy- materials. The energy materials inactivated equipment but also new clude fuel wood as well as mineral fuels.
sources of energy and new ways of har- (Table 4.)
The expansion of the fraction of the
nessing it. The success of such research
will have a vital bearing on the prospect raw materials total comprised by energy
for continuation of the rising trend of materials was offset by the shrinkage
productivity at the same or at an accel- of the foods portion. The segment of
raw materials going into all durable
erated rate.
and nondurable goods other than foods
Mineral fuels an increasing segment and fuels has remained a relatively
of all raw materials
constant proportion of the total since
The rising trend of energy consump- the beginning of the century.
tion has resulted in an expansion of the
In the major part of the United
portion of total raw materials produc- States economy producing services and
tion and consumption represented by fabricated products, i.e., all except the
energy materials. One reflection of this raw materials producing segment, the
is the increasing share of national in- manufacture and distribution of energy
come originating in raw materials pro- and energy-operated equipment constiduction accounted for by the mineral tute an expanding portion of the total.
fuels segment (table 3). Another is the In the 1955-1959 period this segment
expanding portion of total raw materials accounted for about an eighth of the
consumption constituted by the energy income originating in all industries (exmaterials.
cluding those producing raw materials).
A forthcoming study by the De- This portion was nearly half again as
partment's Bureau of the Census makes large as it wras a quarter century earlier.
it possible to classify the raw materials
Data are not available to show the
consumed in the United States accord- growth of income originating in the ining to broad end use, i.e., food materials, dustries distributing and servicing the
energy materials and physical structure energy-operated equipment, but the
materials or those entering into the employment data for these industries
composition of all durable and non- indicate that this segment of the
economy is also an expanding one.
Table 1.—Production of Fuels and
Electricity: 1950-60
Energy input rising rapidly
Fuels
Electricity
Coal
Year
Crude Natural
petrogas
Bitu- Anthra- leum
(wet)i
minous cite
Total by fuels
(Bil. kw.-hr.)
(Mil. short tons)
(Mil.
bbls.)
(Bil.
cu. ft.)
1950
1951
1952
1953
1954
516
534
467
457
392
44
43
41
31
29
1,974
2,248
2,290
2,357
2,315
6,282
7,457
8,013
8,397
8,743
389
433
463
514
545
288
329
353
405
433
1955
1956
1957
1958
1959
1960
465
501
493
410
412
413
26
29
25
21
21
18
2,484
2,617
2,617
2,449
2,575
• 2, 569
9,405
10, 082
10, 680
11,030
12, 046
12, 692
629
685
716
725
795
840
513
560
583
581
654
691
Marketed production.
' Estimated.
Sources: U.S. Department of the Interior, Bureau of Mines
(for coal, petroleum, and natural gas); Federal Power Commission (for electricity).
Input into the national product of
energy from mineral fuels and waterpower has for a long time followed a
rising trend. Not all of the input from
mineral fuels and waterpower has represented a net increase because some
of it served to replace energy from
obsolescent sources, such as wood.
The data used in this analysis do not
include atomic energy which is in the
developmental stage but has a considerable potential for the future.
In 1960, total consumption in the
United States of energy from mineral
fuels and waterpower was more than
three times as large as the estimated
consumption in 1909; for that interval,
29
this represents an average annual rate
of increase of 2.3 percent. The national
employment total increased over the
same period at an average annual rate
of 1.4 percent; if the shortening of the
workweek were taken into account, the
rate of increase of manhour labor input
would be less.
„,,Shifts among sources
Ever since the early years of this
century when coal accounted for about
nine-tenths of the energy in mineral
fuels production, the share of total
mineral fuels energy supplied by coal
has been shrinking as the share accounted for by petroleum and natural
gas expanded. As a result of this shift,
in 1960 the share that coal contributed
to mineral fuel energy production was
down to somewhat less than threetenths of the total.
The dominant influences in this fuel
expansion were: first, the dramatic
increase in demand for motor fuel;
second, the introduction of practical,
automatic fuel oil and gas furnaces for
household central heating systems; and
third, the expanding use of gas and fuel
oils by industrial establishments, railroads and other utilities.
Since energy production per person
engaged is higher in the extraction of
crude petroleum and natural gas than
in the mining of coal, the shift to the
former has meant that our mineral fuels
Table 2.—National Product and Energy
Consumption
Gross National Product in Real Terms
Billions
1954
dollars
Index
1909-100
Calculated Consumption of Energy from
Mineral Fuels and
Waterpower
Trillions
of B.t.u.
Index:
1909=100
1909
1919
1929
1939
1949_.__-
104.1
132.6
181.8
189.3
292.7
100
127
175
182
281
13,531
17, 558
23, 756
21, 589
31,604
100
130
176
llil)
234
1950
1953
1955
1956
318.1
369.0
392.7
400.9
306
354
377
385
34, 153
37, 697
39, 956
42,007
252
279
295
310
1957
1958
1959____—
1960
408.6
401.0
428.0
439.2
393
385
411
422
41,920
41, 493
42, 932
* 43, 750
310
307
317
I 323
1. Computed by the Office of Business Economics from
incomplete, preliminary data.
Source: Gross national product—U.S. Department of
Commerce, Office of Business Economics; energy consumption—years 1920 to 1959, U.S. Department of the Interior,
Bureau of Mines; years 1909 to 1919 from "Energy in the
American Economy, 1850-1975" by Schurr, Netschert, et al,
Appendix Table VII.
SUEVEY OF CURRENT BUSINESS
30
supply is currently obtained at a lower
cost than would be the case if the shares
of energy contributed to total energy
requirements by these fuels reverted
to their 1929 proportions—all other
factors remaining the same (Table 6).
Calculations based on data from the
Census of Manufactures show, for
instance, that the 1954 total energy
obtained by manufacturing industries
from purchased coal, coke, fuel oil, and
gas would have cost about one-tenth
more than it actually did if, other things
being equal, the percentage contributions of each of these four fuels to the
total had remained the same as in 1947.
Cost is, of course, only one factor
governing the relative demand for
individual fuels since solid, liquid, and
gas fuels each have their advantages
for certain uses.
the cost of the capital equipment and
the resulting capital consumption are
also factors to be considered in such a
shift. As mentioned previously, however, most fuel energy input into the
economy is for purposes other than
replacement of labor.
Characteristics of industrial energy
users
February 1061
Table 4.—RAW MATERIALS: Apparent
Consumption in the United Stales 1
(1954 constant dollars)
1900-1909
iucl.
1920-1929
incl.
1948-1957
incl.
$
$
$
%
%
%
bilbilof
of
bilof
lions total lions total lions total
All raw materials
(except gold)
191
100
275
100
Food materials
114
59
150
55
454
229
100
50
The commodity-producing industries
Physical strucusing the greatest amount of fuel energy
ture materials _
47
114
25
25
68
25
per person engaged in production are
Energy materials 3
21
111
30
16
57
25
those producing raw arid heavy materials; next come the industries en1. Domestic production plus imports minus exports.
2. Comprises agricultural nonfoods and wildlife products,
gaged in the early stages of processing forest
products and all non-fuel minerals except gold.
3. Comprises anthracite and bituminous coal, crude
such materials into semi-manufactured petroleum and natural gas, and fuel wood.
Source: U.S. Department of Commerce, Bureau of the
form. Industries engaged in the final Census,
forthcoming report entitled: "Raw Materials in the
stages of manufacture with a high value United States Economy: 1900-1957 (Working Paper No. 6)."
added content use the least fuel energy
per person engaged in production.
double the all-industry average quanThe average annual amount of fuel tity of installed horsepower.
Relative costs of energy versus labor
energy per person consumed in mining
The first and second groups together,
Virtually all available data show that and manufacturing industries for which with less than one-third of the total
the cost of human labor has risen data were available in 1954, was around employment, use four-fifths of the total
faster than the cost of fuel energy. 900 million B.t.u. The energy input fuel energy input and account for 70
The data in table 7 show the changes per person in mining alone was nearly percent of total installed horsepower.
double that amount or approximately The third group comprises industries
occurring between 1929 and 1959.
Several comments are pertinent. The 1,700 million B.t.u., whereas for all engaged mostly in the final stages of
quality of labor has risen import an tl}7 manufacturing industries (except the fabrication of non-fuel products. With
though to an indeterminate extent; on apparel and printing and publishing in- more than two-thirds of all the persons
the other hand, the average workweek dustries for which data were not avail- engaged in mining and manufacturing,
has been shortened. The decline in the able) the annual average was slightly this group uses only one-fifth of the
cost of electricity reflects growth and the less than 900 million B.t.u. per person. total energy input and has but threeAs a group, the in dust lies mining or
great increase in efficiency through immanufacturing
fuel, head the list of tenths of the installed horsepower.
proved capital equipment in converting
Installed horsepower—i.e., of prime
mineral fuels into energy at electric largest users. As shown in the accompanying table, Table 8, this group, with
generating plants.
less
than 6 percent of the total number Table 5.—National Income Originating in
It must be kept in mind that when
All Industries (Except Those Producing
of
persons
engaged in production, used
fuel energy is substituted for labor in
Raw Materials)
the production of goods and services, nearly one-fourth of all the energy con1929
1955-1959 incl .
the services of energy-activated capital sumed in mining and manufacturing
industries
and
accounted
for
nearly
equipment are also involved. Hence
$Bil$Bil%
%
lions
of
lions
of
one-quarter of all the installed horsetotal
total
power. The largest user of all is the
Table 3.—National Income Originating in
primary metals industry; with 8 per- All industries except those
Raw Material Producing Industries
producing raw materials.
77.5 100.0 1, 702. 3 100. 0
cent of total employment, this industry
Energy manufacture or
consumed one-fourth of all energy used
1929
1955-195 ) incl.
distribution, total
3.3
3.5
56.5
2.7
Products of petroleum
in mining and manufacturing in 1954
20 9
1 2
and coal
0 9
%of
%of
$
$
Pipeline transportation..
0.2
L5
0.1
0.1
and accounted for one-sixth of total
millions total millions total
2.0
2.1
Electric and gas utilities.
34.0
1.6
installed horsepower.
Manufacture of energydriven
equipment,
All raw material industries- _ _ 10, 326 100.0 113, 065 100.0
The second group of industries shown
9.9
169.3
total .
6.0
4.6
Machinery, except elecAgriculture, forestry and
in
table
8
is
engaged
in
producing
and
3.4
2.4
58.0
trical
1.9
74.4
8,278 80.2 84, 147
fishing
2.3
40.1
Electrical machinery
1.0
1.3
4.5
4,506
4.0
466
Metal mining
semi-fabricating
non-fuel
materials
such
Transportation equipNonraetallic mining and
ment except auto4, 003
3.5
202
2.0
quarrving
as metals, stone, clay and other non2.0
0.4
33.7
mobiles
0.3
81.9
8,946 86.6 92, 656
All nonfuel materials
Automobiles & equipmetallic
minerals, and forest products.
2.2
37.4
1.8
ment
1.4
0.6
2.8
708
284
•Anthracite
Total energy manufacture
6.1
6.3
6, 846
649
Bituminous coal
On the average this group uses twice as
& distribution plus
Crude petroleum and
manufacture of energy11.4
4.3 12, 855
447
natural gas
much energy per person as the all13.3
9.4
225.8
7.3
driven equipment
18.1
1,380 13.4 20, 409
All mineral fuels
industry average and also has nearly
(
2
SUBVEY OF CURRENT BUSINESS
February 10-61
movers and electric motors driven by
purchased electric energy—is not an allinclusive measure of energy-using equipment in an establishment. It covers
the capacity of motor driven equipment
but may exclude equipment producing
only heat, light or electrochemical
reactions. The horsepower data, for
example, exclude lighting equipment,
electric furnaces, electrolytic cells and
electric-welding equipment if these are
operated by purchased electric energy.
Notwithstanding these shortcomings
of the measure, there is a rough correlation between the amount of energy
used per person and the amount of installed horsepower per person among
the industries shown. This indicates
that energy-intensive industries are apt
also to be capital-intensive industries.
Finally, the data in table 8 also show
that there is a rough correlation between high energy use per employee
and a high ratio of fuel cost to payroll.
The average ratios of energy cost to
payroll in the first and second groups
shown in the table are four times as
high as the average energy cost to
payroll ratio in the third group.
This same differ cut a tion in the use
of energy between industries producing
heavy, bulky crude materials and those
engaged in the later stages of fabrication
also holds generally true among the
individual industries composing the
major industry groups.
Production efficiency
output
and national
31
Table 6.—-Energy From Mineral Fuels
in efficiency in electricity generation by
Production in the United States
electric utilities and reasonable as- _
...
_
. __
sumptions as to the less rapid average
195 )
194 4
192*
increase in efficiency of fuel energy con^
^.
.w
3
3
3
version by industrial establishments,
2 II oa
1
o "~
one can estimate the work done by the
< £ o < P^'o << Pn'S
the energy consumed in manufacturing
energy produced in
industries in 1947 and 1954.1 From Total
trillions of B.t.u.
All
mineral
fuels
23,849 100 29, 140 100 38,681 100
1947 to 1954, as set forth in table 10,
Bituminous & other
14, 014 59 11,481 39 10,778 28
soft
coal
data based on the 1947 and 1954 Cen1
524
4
1,875
8 1, 085
Anthracite
Crude
petroleum
<i;
nasuses of Manufactures indicate that
7. 960 33 16, 594 57 27, 379 71
tural gas
manufacturing industries increased National income originating in mineral fuels
their output by varying combinations
production:
AH mineral fuels
of increased employment and increased
3,911
3,369
Tota 1 ($ millions)
1,380
$101
$58
Per 1 billion B.t.u
$116
fuel energy input—-in conjunction, of
Bituminous & other
soft coal:
course, with an increased stock of
1,198
1 , 440
049
Totcil ($ millions)
$111
$40
$120
Per 1 billion B.t.u _ . _
energy-activated capital equipment not
Anthracite:
113
284
Total (s millions)
201
shown. Because of the increased effi$21 0
$151
$241
"Por 1 Idliion B.t.u
Crude petroleum & naciency with which the fuel energy was
tural gas:
2 000
1 002
447
Tot' ! ($ millions)
converted, the calculated work done by
$95
$56
$100
Prr 1 billion B.t.u._
the energy consumed increased more Persons engaged in mineral fuels production
than the actual fuel energy input. The
(thousands) :
530
748
795
All mineral fuels . _
varying rates of gain over the period
Bituminous & other
182
407
476
qoit C0n,l
between the primary metals industry
22
SO
VnthnH-itr
Crude p i t r o L u m & naand all other manufacturing industries
326
"i OS
261
in calculated work done by the fuel Output of mineral fuels
energy per person enenergy consumed reflected the differing
gaged in mining (bilB.t.u.)
portions of their total energy consump- Allions
73 -.„
39
30
1 mineral fuels
tion constituted by purchased electric
Bituminous & other
59
28
29
soft coal
energy, self-generated electric energy
24 IIII
14
Anthracite
Crude petroleum & naand fuels used for other purposes than
47
84
04
tural ga^
electricity genera tion.
In general, the increases of manufacturing output were obtained by moderate expansion in employment coupled
with considerably larger increases of
Table 7.—Relative Changes in Labor
fuel energy input and still larger gains
and Energy Costs, 1929 to 1959
in calculated useful work accomplished
(
O "o
l
1
"Ul'cll "cl^
1929
Energy consumption in the United
States economy, though growing faster
since 1930 than total employment,
has not grown so fast as real national
product. The most important explanation is clearly the increased efficiency
with which fuel energy is converted
for use, but the shifting composition
of output is a major factor as well.
Data are available to measure the
rising trend of efficiency in fuel utilization in various industries—among these
the electric utility industry provides a
striking example. According to the
Edison Electric Institute, a given
amount of fuel consumption in 1959
produced 2.3 times as much electricity
as in 1925.
Upon the basis of the known increase
S "o
1. Two separate types of conversion factors were used in
estimating the work done in terms of kilowatt-hour equivalent by the fuel energy consumed in manufacturing industries. Purchased electric energy was reported to the Census
in kilowatt-hour units and hence needed no conversion.
The conversion factors for computing the fuel energy consumed in the industrial generation of electricity were 18,816
B.t.u. per kilowatt-hour in 1947 and 15,354 B.t.u. per kw.-hr.
in 1954; these were based on the recent calculations published
in Energy in the American Economy, 1850-1975, by Schurr,
Netschert et al., page 711, Table H-6, Col. 3. The fuel energy
consumed by manufacturing industries for purposes other
than electricity generation was converted to kilowatt-hour
equivalent of work done at the following rates per kilowatthour: 1947: 8,204 B.t.u. in primary metals and 9,669 B.t.u. in
all other manufacturing; 1954: 7,794 B.t.u. in primary metals
and 9,186 B.t.u. in all other manufacturing. The 1947 conversion factors were based upon the data compiled by Ayres
and Scarlott, Energy Sources—The Wealth of the World,
Table 14, page 153, which indicated that nonelectric fuel energy was converted to useful work with an efficiency of 42
percent in the primary metal industries and an efficiency of
35 percent in all other manufacturing industries. The 1954
conversion factors assume a gain in thermal efficiency of 5
percent over 1947, a conservative figure compared with the
2.3 percent annual gain in thermal efficiency computed by
Schurr, Netschert et al. (op. cit.) Appendix Table A-21, page
573.
1959
Labor :
Average annual earnings per full time employee:
All United States industries
$1, 405
100
Index. 1929=100
All commodity producing industries- _ $1, 308
100
Index, 1929 = 100
All non-commodity producing indexes. $1, 487
100
Index, 1929=100
$731
Private household employees
100
Index, 1929=100
$4, 553
324
$4, 893
374
$4, 339
292
$2, 190
300
Energy:
Cost per B.t.u. at mine or well as measured
by national income originating in
mineral fuels production (Indexes,
1929 = 100)
A l l mineral fuels _ _ _ _ _
B ituminous and soft coal
Anthracite
Crude petroleum and natural gas
100
100
100
100
174
241
143
170
Wholesale price indexes (1929=100)
Fuel, power and lighting materials group_
Coal
Petroleum and products
100
100
100
161
234
167
Sales of electric power to ultimate customers
Edison Electric Institute data
Revenue per kilowatt-hour (Index,
1929 = 100)
.
100
68
SURVEY OF CUEKENT BUSINESS
32
by the energy consumed. It seems
very apparent from the table that
Increases in fuel energy input (and the
capital equipment it activated) were
directly associated with the increases
in output per employee.
Although the utilization of fuel energy
in the form of electricity is increasing
relative to total energy consumption, it
is far surpassed by the non-electrical
uses such as space heaters, furnaces for
the smelting or refining of metals,
boilers producing the heat required for
the processing of materials in manufac-
ture, and internal combustion engines.
In 1947, electric energy accounted for
22 percent of total energy input into
all manufacturing industries and by
1954, the proportion had risen to 26
percent. Estimates based on the Annual Survey of Manufactures indicate
that when the fuel statistics from the
1958 Census of Manufactures become
available, the portion of total energy
consumption accounted for by electric
energy will be perhaps as high as 30
percent or at any rate substantially
above the 1954 figure.
Total energy
consumption
(trillions of
B.t.u.)
Total installed
horsepower
(thousands)
Energy
used
Horse- Energy
per
power cost as
person per 100
%of
engaged prod,
payroll
Million workers
CumuCumuNumber Cumulative Amount lative Amount li3, live
(1,000)
B.t.u.
percent
percent
percent
Crude petroleum & natural gas
extraction
Coal mining
Petroleum and coal products
Subtotal or average
2,967
428
9,187
8, 536
3, 369
4, 566
15.2
7.9
44.7
33fi
266
216
3,785
5,604
22.2
818
23
I'l
5.6
997
114
1, 985
7.3
8.2
22.8
3, 096
20, 101
7, 838
7,479
13.6
18.9
23.9
1947 2
1947 ]
1939
Total loss, use and waste
(trillions of B.t.u.)
23, 073 35, 364 33, 446
1954
38. 317
Percent of tota
Percent-
100.0
100.0
100.0
100.0
37.4
40.3
36.9
39.8
25.8
11.7
23.8
10.7
25.7
11.6
21.1
2.8
11.2
9.9
10.4
14.3
.3
.3
.4
32.3
.6
32.2
.7
2.5
.9
2.1
1.5
31.0
29.4
28.0
29.6
na
na
n.a.
25. 5
n.a.
n.a.
n.a.
4.1
n.a.
U.S. Government
g
Military
Civilian (including A. E.G.). n.a.
n.a.
n.a.
1.8
na
n.a.
3.8
2. 7
LI
Mining and manufacturing,
total
Transportation. .
Railroads
Highway travel (civilian &
commercial) . . .
Air travel (civilian & commercial). Ships' bunkers (overseas,
coastal & inland)
Oil and gas pipelines. . _ _
No n fuel uses
3.8
3.8
4.1
4.2
Unallocated and miscellaneo u s. _ _ _
1.9
2.0
3.5
1.5
Table 10.—Energy Consumption, and Estimated Work Done by It in Manufacturing
Industries, 1947 and 1954
Nonmetallic minerals (except
fuels) mining
. ._
Metal mining
Primary metals
_
1,450
942
2, 973
7, 889
6, 243
2.609
21.4
12.0
31.7
120
104
1,119
6.4
7.1
14.8
174
98
3,328
24.1
24.8
49.3
7,659
5,113
24, 482
29.1
32.5
49.1
Chemicals & allied products
Stone, clay & glass products
Pulp and paper products 1
Lumber and wood products 1
2,362
2,031
1,645
683
6,243
1,168
1,895
885
17.8
19.1
13.4
5. 1
743
500
532
688
19.8
23.3
26.9
31.6
1, 755
1,015
874
470
62.3
69.7
76.2
79.6
14, 329
4,811
8, 256
5,151
58. 7
62.0
67.6
71.0
Subtotal or average
2,027
2,290
20.2
3,805
Food and kindred products 1
Rubber products
_
Textile mill products _ _ _ 2_ _
Fabricated metal products
Machinery except electrical
555
493
349
224
224
659
942
485
631
624
6.7
5.3
6.4
3.5
3.0
1,678
247
1,040
1,263
1,558
43.1
44.8
51.9
60.5
71.1
931
122
363
283
349
86.5
87.4
90.1
92.1
94.7
7,503
1,848
4,595
6,257
7,306
76.1
77.4
80.5
84.7
89.6
Transportation equipment
Electrical machinery
Tobacco products
Furniture and fixtures . _ _
211
163
157
126
681
349
295
331
2.5
2.6
3.0
2.6
1,708
961
95
348
82.8
89.4
90.0
92.4
361
157
15
44
97.4
98.5
98.6
99.0
9,041
2,521
256
949
95.7
97.4
97.6
98.2
Instruments & related productsLeather products
Miscellaneous manufactures 3
126
101
144
594
157
243
1.8
2.3
3.1
274
359
478
94.3
96.7
100.0
35
36
69
99.2
99.5
100.0
1,161
505
937
99.0
99.4
100.0
276
552
3.7
10, 009
All mining and manufacturing industries except apparel and related
products, printing and publishing..
All mining industries
All manufacturing industries except apparel & related products, printing and publishing..
2,764
100.0
13,574
Primary All other All manumetal
manu- factures 1
industries factures i
(Trillions of B.t.u.)
69,801
7, 714
fin-
Subtotal or average
Source: Forthcoming publication of the U.S. Department
of the Interior, Bureau of Mines.
35, 418
Other mining and semi-manufactures:
Energy consumption derived from mineral fuels
and waterpower:
1947
1954
3,332
3,328
7,093
8,863
10, 425
12,191
(Billions of kilowatt-hour
equivalent)
Estimated work done by
fuel energy consumed: 2
1947 _
1954
_ _
365
380
663
890
1,028
1,270
(Percent)
42, 879
100.0
148,098
928
1,293
9.1
14, 633
1,675
6,291
13.4
826
1,383
40, 711
883
994
8.9
13, 807
12 191
107, 387
100.0
1. Ratio of energy cost to payroll cost is understated because energy cost excludes value of certain by-products burned
as fuel.
2. Includes ordnance and accessories.
3.. Excludes ordnance and accessories.
Source: Basic data from Census of Manufactures and Census of Mineral Industries; adjustments and computations for
computing energy consumption in British thermal units, by Office of Business Economics.
1
1. Comparable with 1939 data.
2. Comparable with 1954 data.
3. Foreign bunkers only.
Fuei mining and manufacturing:
Other manufactures — largely
ished products :
Table 9.—-Distribution of Energy Consumption in the United States by Major Consuming Sectors, 1939, 1947, and 1954
Residential, commercial and
agricultural
Nonfarm residential and
commercial
Farm (residential and agricultural)
Table 8.'—Employment, Energy Consumption and Horsepower of Major Industry
Groups, 1954
All employees
plus pro 3rietors
and firm
members
February 1061
1954 as percent of 1947:
Energy consumption
from r mineral fuels
and w aterpower
Estimated work done
by energy consumed.
Total employees
Production indexes
100
125
117
104
97
103
134
111
132
124
109
129
1
Except apparel and related products, and printing and
publishing.
2
For conversion factors, see text.
Source: Basic data on purchased fuels and electric energy
used for heat and power, from the Census of Manufactures;
adjustments and computations for converting to kilowatthour equivalent, by Office of Business Economics, U.S.
Department of Commerce.
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 SUBVEY 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
1959
1961
1960
January
December
February
March
April
May
June
July
DecemOctober NovemAugust September
ber
ber
January
GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT f
Seasonally adjusted quarterly totals at annual rates: f
National income, total
-bil. ofdol.Compensation of employees, total
Wages and salaries, total..
Private
...
Militarv ..
Government civilian
._
Supplements to wages and salaries
_.do_ __
.
do. _
. . . do...
do
..do _
do.
Proprietors' income, total cf 1
-- do. _.
Business and professional^
.
do._.
Farm .__
.
do _.
Rental income of persons
_ _ __ ... . do._.
Corporate profits and inventory valuation adjustment, total
bil. of doL.
Corporate profits before tax, total
_. do
Corporate profits tax liability
.
. do _ _
Corporate profits after tax
_. _. _ _-do_ __
Inventory valuation adjustment
. . do _ _
402.8
414 4
419 4
419 3
281.6
261. 5
215. 6
9.8
36.1
20. 1
290.2
268.7
222 1
9.9
36.7
21.5
295 0
273.1
225 5
10.0
37 6
21.9
297
274
226
10
38
22
46.3
35.1
11.2
12.5
46.0
35.4
10.6
12.5
48.1
36.0
12.1
12.5
48 3
36.1
12 2
12.5
45.5
44.8
22.1
22.7
.7
48.0
48.8
23.8
25.0
-.8
45.3
45.7
22 3
23 4
—.4
42.2
41 5
20 3
21 3
7
2
9
0
1
8
3
295 2
273 2
10 3
39 3
22 0
48
35
12
12
8
9
8
5
16.9
17.8
18.5
19.1
19 4
do. _.
486.4
501.3
505.0
503 5
503 5
Personal consumption expenditures, total
Durable goods
_.
Nondurable goods _ ._. ...
Services
. ...
do
do. ..
do
do. _.
319. 6
43.5
149. 6
126.6
323.3
44.2
150.5
128.6
329.0
44.5
153 5
130.9
328
42
152
132
3
7
7
9
330
43
152
134
8
2
9
7
Gross private domestic investment, total
New construction
__ .
Producers' durable equipment .
Change in business inventories. .
do
do
. do
do ...
70.8
39.4
26.8
4.7
79.3
40.8
27. 1
11.4
75.5
40 7
29 5
5 3
70 8
40 5
29 7
6
66
40
28
3
0
3
7
Q
Net exports of goods and services
do
Exports
_ __
do._Imports
do ...
Government purchases of goods and services, total
bil. ofdol..
Federal (less Government sales)
.do _
National defense?
do
State and local
do. .
-.4
23.5
23.9
1.2
25.2
23.9
2.0
26 4
24.4
37
27 3
23 5
4 6
27 0
92 4
96.4
52.5
45.5
43.9
97.5
51.8
44.9
45.7
98.6
51.7
44.7
46 9
389.0
46.5
342.4
396.2
49.2
347.0
404.2
50.0
354.1
408 0
50.5
357 5
408 5
50.4
358 1
25.2
29 2
27 2
Net interest
do
Gross national product, total
100
52
45
48
7
7
1
0
102
53
45
48
1
3
7
8
Personal income, total.. . _ _
Less: Personal tax and nontax payments
Equals: Disposable personal income
do.. .
do
do
Personal saving§
do
22.8
23.7
bil. of dol.-
429.1
440.5
442.2
438 0
437 0
292.8
41.1
140.5
111.2
294.8
41.8
141.1
112 0
298 3
41 9
143.2
113 3
296
40
142
114
297 6
41 2
141 3
59.4
33.4
22.2
3.8
66.2
34.0
22.4
9.8
62.8
33 8
24 2
4 8
58.6
33 6
24 4
6
-.1
7
2 2
GNP in constant (1954) dollars
Gross national product, total
Personal consumption expenditures, total _.do
Durable goods
do
Nondurable goods.
_.
do
Services.
. . .
do
Gross private domestic investment, total
New construction..
Producers' durable equipment
Change in business inventories
do
_.do
do
do.- -
Net exports of goods and services
_.do
Government purchases of goods and services, total
bil. ofdoL.
Federal
do
State and local
do
-1.5
78.5
42.3
36.2
9
2
3
4
mo
54
33
23
2
9
5
8
4
3 4
79.6
41.8
37.8
80.3
80 3
81 1
41 8
41 2
41 4
38.6
39.1
39.7
t Revised.
tRevised series. Estimates of national income and product and personal income have been revised back to 1957; revisions prior to the 2d quarter 1959 (and prior to May 1959
for personal income) appear on pp. 8 ff. of the July 1960 SURVEY.
^Includes inventory valuation adjustment.
9 Government sales are not deducted.
§ Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.
S-l
SUKVEY OF CURRENT BUSINESS
S-2
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of DecemBUSINESS STATISTICS
ber
February 1961
1960
January
February
March
April
May
June
1961
July
DecemOctober NovemAugust September
ber
ber
January
GENERAL BUSINESS INDICATORS—Continued
PERSONAL INCOME, BY SOURCE*
Seasonally adjusted, at annual rates: t
Total personal income
foil,
of dol
Wage and salary disbursements, total
do .
Commodity-producing industries, total — do
Manufacturing only
- _.do
Distributive industries
_
do _
Service industries
do
Government
do
Other labor income
do
Proprietors' income:
Business and professional
do
Farm
do
Rental income of persons
Dividends
Personal interest income
_ __
Transfer payments
_
Less personal contributions for social insur
Totsl nonagricultural income
-
do
do
do
do
do_
do __
393.9
395.7
395.7
397.0
401.9
404.7
406. 1
407.3
408.2
408.8
409.7
409.0
- 406. 9
406.3
265.0
110.4
87.6
69.4
39.1
46.1
10.5
268. 2
1 12. 6
89.4
69.9
39.4
46.3
10.6
268. 6
111.9
89.0
70.3
39.8
46.5
10.7
269.3
111.6
88.8
70.8
40.0
46 9
10.8
271.7
112.1
88.6
71.8
40.5
47.3
10.8
273.6
113.3
89.5
72.0
40.7
47.6
10.9
274.0
112.9
89.2
72.2
41.1
47.8
11.0
275.1
112.8
88.7
72.4
41.3
48.5
11.1
275.1
111.5
87.7
72.9
41.6
49.0
11.2
275.0
111.2
87.5
72.7
41.9
49.2
11.2
274.8
110.9
87.2
72.5
42.0
49.4
11.3
273.6
109.5
86.2
72.5
42.0
49.6
11.1
'271.4
84.6
-72.3
-42.0
-49.8
11.0
271.0
106.9
84.2
72.0
42.1
50.0
11.0
35.2
12.3
35.5
11.3
35.5
10.4
35.4
10.1
35.7
11.7
36.0
12.1
36 2
12.5
36.2
12.0
36.1
12.2
36.1
12.2
36.1
12.6
35.9
12.9
-35.7
12.9
35.5
12.9
12 5
13.6
24.8
27.9
8.0
12.5
13.9
25.2
27.7
9.2
12.5
13.9
25.5
27.7
9.1
12.5
13.9
25 9
28.3
9.2
12.5
13.9
26. 2
28.6
9.2
12.5
13.9
26. 5
28.4
9.3
12.5
13.9
26.8
28.5
9.3
12.5
13.9
27.1
28.7
9.3
12.5
14.0
27.4
29.1
9.4
12.5
14.0
27.5
29.7
9.3
12.5
14.1
27.6
30.0
9.3
12.5
14.1
27.6
30.5
9.2
12.5
14.0
27.7
-30.9
9.2
12.5
14.0
27.7
31.0
9.3
377.4
380.2
381.2
382.7
385. 9
388.3
389.3
391.1
391.8
392.4
393.0
392.1
- 390. 1
389.5
- 107.
3
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals:
All industries
foil
D hi
nri<; inrhmtrifts
N ondurable croods industries
-p
., £\ -_-_ "_
jtvdiiroduh
_
-
-
Public utilities
of dol
8.99
7.89
9 28
8.98
19.59
27.84
do
do
3.57
1.74
1.83
3.09
1.55
1.54
3.76
1.88
1 88
3.62
1.80
1.81
3.98
1.97
2.01
3.14
1.53
1.61
.27
.22
.55
1.51
2.87
.22
.25
.47
1.18
2.68
.27
29
55
1.42
2 99
.25
.24
.47
1.50
2.91
.26
.24
.46
1.64
3.01
.22
.16
.38
1.18
2.76
33.60
35.15
36.30
35.90
135.6
234.9
12.85
6.15
6.70
14.10
7.15
6.95
14 70
7 40
7.30
14.65
7.35
7.30
14.3
6.9
7.4
14.3
7.1
7.2
1.05
.85
2.15
5.50
11.20
1.00
1.00
2.00
5.75
11.35
1.05
1 10
2 15
5 70
11.60
1.00
1.00
1 90
5.60
11.75
1.0
1.0
1.8
5.9
11.7
1.0
.7
1.6
5.7
11.7
j_
do
Seasonally adjusted quarterly totals at annual rates:
A 11 industries
bil of dol
ivj an uidtiurmg- _ _ _ _ _ _
_UrdUlt! g
U
_
>
--
Railroads
do
Public utilities
do
FARM INCOME AND MARKETINGScf
Cash receipts from farming, including Government
payments total
mil of dol
Farm marketings and CCC loans total
do
Crops
do
Livestock and products total 9
do
Dairy products
do
Meat animals
do.
Poultry and eggs
do
Indexes of cash receipts from marketings and CCC
loans, unadjusted:
All commodities
1947 49—100
Crops
_
-- _- do__ _
Livestock and products
do_ __
Indexes of volume of farm marketings, unadjusted:
All commodities
_ _ .1947-49 = 100 .
Crops
do__
Livestock and products
do
3,046
2,747
2,093
2,169
2,211
2,316
2,509
2,754
3,023
3,390
4,300
3,768
3,159
2,993
1,535
1,458
388
793
256
2,696
1,246
1,450
381
834
208
2,059
689
1,370
368
776
200
2,150
583
1,567
406
906
236
2,199
675
1,524
399
824
268
2,298
672
1, 626
431
894
265
2, 464
905
1,559
413
875
246
2,687
1,236
1,451
399
779
256
2,991
1,413
1, 578
384
911
268
3,368
1,730
1,638
378
955
290
4,000
2,170
1,830
394
1,077
335
3,712
1,991
1,721
380
990
326
3,121
1,530
1,591
403
861
297
123
143
106
111
116
106
85
64
101
88
54
115
90
63
112
94
63
119
101
84
114
110
115
106
123
132
116
138
161
120
164
202
134
152
186
126
128
143
117
142
156
132
131
134
128
100
74
120
98
53
131
98
59
128
104
58
138
116
90
135
128
132
126
143
149
138
157
177
142
189
233
155
172
210
144
143
158
131
INDUSTRIAL PRODUCTION t
Revised Federal Reserve Index of Quantity Output
Unadjusted, total index (including utilities) f
1957=100By 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
107
111
111
111
110
109
109
103
107
108
110
106
102
M02
107
107
107
98
111
111
111
97
112
112
112
96
111
110
113
95
110
108
114
97
110
107
115
97
110
106
116
98
103
99
109
94
106
98
117
98
108
102
117
98
110
103
119
98
106
100
114
-97
101
96
107
-96
p 100
*>95
P108
^97
106
108
111
108
103
111
115
124
112
104
112
115
126
112
104
112
114
122
112
106
111
115
120
113
104
111
115
120
113
105
112
116
121
115
104
107
110
104
112
102
111
115
99
121
101
112
117
110
119
102
114
121
123
120
101
110
115
-117
114
MOO
106
108
107
-108
-101
P106
^109
MOO
pill
MOO
100
108
110
109
104
105
107
105
110
108
102
Materials
__ _
do
111
98
p98
104
96
108
106
100
110
105
97
99
107
95
110
-90
p89
Durable goods materials
do
104
112
112
111
111
110
108
111
112
110
110
111
106
M07
Nondurable materials
do
2
- Revised.
p Preliminary.
1 Estimates for October-December 1960 bused on anticipated capital expenditures of business.
Estimates for January-March 1961 based on anticipated
capital expenditures of business. Anticipated expenditures for the year 1960, and comparative data for 1958-59, appear on p. 5 of the December 1960 SURVE\ .
tSee note marked "t" on page S-l.
cf Revised beginning 1958; revisions prior to May 1959 will be shown later.
9 Includes data not shown separately.
t Revised series. 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 back
to 1947 (1919 for total industrial production, including utilities), see the December 1959 Federal Reserve Bulletin and the separate Federal Reserve publication, "Industrial Production: 1959
Revision" (available from the Board of Governors of the Federal Reserve System).
SUEVEY OF CUERENT BUSINESS
February 1961
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
December
S-3
1960
January
February
March
April
May
June
1961
July
Septem- October Novem- DecemAugust
ber
ber
ber
January
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION— Continued
Revised Fed. Reserve Index of Quantity Output—Con.
Seasonally adjusted, total index (including utilities) t
1957=100..
By industry:
Manufacturing total
do
109
111
110
109
109
110
109
110
108
107
106
105
103
"102
109
112
110
110
109
110
110
110
108
107
106
104
103
P 101
do
-do
do .
do
do
107
114
119
105
100
111
115
119
109
104
109
110
114
108
104
108
106
109
107
102
106
99
100
104
101
107
94
92
108
104
105
88
84
108
106
106
85
80
109
107
104
83
76
108
107
102
80
72
106
105
101
78
73
105
104
98
74
68
do
do
do
108
103
115
110
104
118
108
103
115
108
104
115
107
102
114
109
104
115
109
105
114
110
107
114
107
103
113
105
101
112
102
100
105
102
98
r 101
r 107
r 109
P 100
v 94
v 108
Transportation equipment 9
Motor vehicles and parts
Aircraft and other equipment
__do
do
do
93
94
90
108
127
88
107
126
88
104
118
89
102
115
89
106
1?0
92
102
120
84
102
113
90
101
114
88
102
115
89
103
116
89
97
103
90
r 94
r 98
r 90
P 89
P 89
P 88
Instruments and related products
Clay glass and stone products
Lumber and products
Furniture and
fixtures
Miscellaneous manufactures _
do
__do
do._
do
do_
120
111
115
120
111
118
110
115
121
112
117
110
115
119
111
119
106
110
116
114
117
110
114
122
113
120
111
110
124
115
121
114
109
123
117
121
114
111
124
117
122
112
102
121
115
118
109
103
118
109
119
109
100
117
113
119
107
95
r 117
110
116
103
94
P in
P 103
do
_ __ do
do
__do
do
112
111
126
105
113
113
112
124
106
115
112
111
122
98
113
112
111
124
99
112
113
110
127
99
113
115
113
127
104
113
116
115
127
104
112
116
113
128
103
112
115
111
127
103
112
113
106
122
97
112
113
104
122
101
112
109
107
118
124
102
109
106
119
125
104
109
105
118
124
102
108
104
119
126
103
109
106
122
126
107
111
108
123
128
107
112
109
125
132
111
112
108
125
131
115
113
108
124
131
112
112
107
121
127
111
116
107
108
104
115
118
109
109
109
114
117
107
107
106
108
115
108
108
106
113
115
108
108
106
116
117
109
109
111
115
122
109
109
110
115
117
110
109
111
111
115
109
109
109
114
98
94
100
98
80
113
98
91
99
98
87
108
96
84
98
97
95
106
96
86
96
96
104
101
98
87
97
97
106
115
97
86
96
96
103
114
97
78
99
99
97
116
98
78
100
100
94
118
98
80
100
100
96
116
Durable manufactures 9
Primary metals
Iron and steel
Fabricated metal products
Structural metal parts
Machinery
Nonelectrical machinery
Electrical machinery
Nondurable manufactures
Textile mill products
Apparel products
Leather and products
Paper and products
-
Printing and publishing
Newspapers
Chemicals and products
Industrial chemicals
Petroleum products
-
do
do
do
do. _ _
- do
Rubber and plastics products
Foods and beverages
Food manufactures
Beverages
Tobacco products
Mining
Coal
Crude oil and natural gas
Crude oil
Metal mining
_
Stone and earth minerals
Utilities
Electric
Gas
do _
do
-do
__do
do
-
do
- do
do
-do __
do_
do
By market grouping:
Final products total
Consumer goods
Automotive and home goods
Automotive products
_
Autos
Auto parts and allied products _
Homegoods9
__
Appliances, TV, and radios
Furniture and rugs _
Nondurable materials 9 Business supplies
Containers
General business supplies
Business fuel and power 9
Mineral fuels
Nonresidential utilities
r
Revised.
* Preliminary.
-
.
r
!07
P no
112
98
120
r HO
110
113
108
121
125
109
114
108
r 120
127
112
106
121
P in
T 105
P 107
111
110
109
110
114
110
111
111
112
115
110
109
109
108
117
96
77
99
99
92
114
97
81
99
99
88
116
r 98
r 77
r 101
r 101
r H3
79
r 99
T 98
107
108
125
125
r 125
126
P 126
r
r 108
r
95
109
110
P
P
P
P
r 97
98
78
99
97
124
123
126
123
122
125
122
121
125
124
123
124
125
124
126
126
127
127
do
- do
do
109
113
114
112
116
125
110
113
119
110
113
114
111
115
117
112
117
121
112
117
121
112
116
116
111
115
115
110
114
114
111
115
115
T 109
113
111
108
112
108
P 107
P in
P 102
_do__ _
do
. do__ _
99
87
117
127
134
117
122
125
117
114
113
116
117
116
119
121
122
119
121
123
118
114
108
122
115
114
118
117
119
113
121
123
118
112
109
116
r 105
P 94
78
124
133
122
123
130
122
117
117
118
114
112
114
117
115
121
121
120
123
120
118
122
117
113
118
114
108
119
112
105
119
110
103
115
r HO
r 104
r H4
111
107
114
112
120
110
107
113
118
112
109
112
116
110
107
113
118
112
108
114
120
113
108
115
122
113
109
115
121
114
110
116
121
115
110
115
119
114
110
114
113
114
110
115
114
115
110
107
114
109
116
111
115
110
117
106
114
109
117
108
115
110
119
110
118
112
120
112
120
113
118
112
122
113
120
111
122
116
122
111
120
115
123
112
119
116
123
113
122
115
••121
do
do_ __
do
do
_do
do
102
104
104
113
96
105
103
106
104
114
106
109
102
105
104
113
103
97
104
105
104
115
102
93
102
104
102
115
101
89
104
106
104
117
105
89
103
105
103
120
99
89
104
106
104
121
101
88
103
105
103
121
95
83
103
105
101
120
101
87
103
105
99
121
103
86
do
do
do
do __
do
109
107
107
106
107
110
110
121
107
109
109
109
120
107
108
108
107
117
106
105
108
105
110
104
109
107
105
115
104
110
106
102
115
98
110
106
101
110
102
110
105
100
106
101
109
104
99
112
97
106
103
97
103
98
105
101
94
94
98
r 102
do
_do __
do
do
111
112
113
111
110
111
111
111
110
110
111
109
110
109
109
109
110
109
108
110
110
110
107
112
111
111
108
113
112
113
113
113
111
111
111
112
109
110
108
111
109
110
107
111
r 10(5
do_ __
do
do
104
99
117
104
98
118
103
96
119
103
96
121
103
97
120
102
96
120
103
97
121
103
97
120 1
104
98
122
103
96
123
103
97
121
Beverages and tobacco
do
Drugs, soap, and toiletries
do
Newspapers, magazines, and books__do
Consumer fuel and lighting
do___
__
123
99
P 113
P 108
r 115
121
120
125
Apparel and staples
do
Apparel, incl. knit goods and shoes. _ do_
Consumer staples 9
_ __ do __
Processed foods
do
Materials
Durable goods materials 9
Consumer durable
Equipment
Construction
H2
r 101
95
120
119
124
do
do
do
Equipment, including defense 9
Business equipment
Industrial equipment
_
Commercial equipment
Freight and passenger equipment
Farm equipment
r 98
101
95
72
66
98
97
120
119
122
do __
do
do
___
r 101
P
v
v
f
v
96
r 70
r (54
r 101
fSee corresponding note on p. S-2.
9 Includes data not shown separately.
124
114
114
97
117
r H4
T 109
109
111
118
'116
122
118
117
102
r 101
r 103
r 100
r H9
99
r gS
109
110
112
r 103
T gg
120
P 113
113
112
r H3
r 102
98
118
100
98
99
91
92
95
99
v 114
P 100
P 101
_ __
P QQ
p QO
_
109
110
109
111
p 107
102
96
P 101
r> Qfi
SURVEY OF CURRENT BUSINESS
S-4
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
February 1961
1960
December
January
February
March
April
May
June
1961
DecemOctober IN ovemAugust September
ber
ber
July
January
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES!
Mfg. and trade sales (seas, adj.), total
bil. of dol__
Manufacturing, total
-__do_ __
Durable goods industries
do
Nondurable goods industries
do
\Vholesale 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 ad j ), total
_ __ __bil. of dol__
Manufacturing, total
Durable goods industries
Nondurable goods industries
__
__do
do
_ __ _ _ _ d o _ __
Wholesale trade total
_
do
Durable goods establishments
do
Nondurable goods establishments
_ _ _ do
Retail trade, total
_ __
do
Durable goods stores
do
Nondurable goods stores
__
do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Sales value (unadjusted), totaL
mil. ofdol__
Durable goods 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 glass
Nondurable goods industries, total?
Food and beverage
Tobacco
Textile
-Paper
Chemical
-Petroleum and coal
Rubber
- Sales value (seas adj ), total
Durable goods industries, total 9 _
Primary metal
__
_ _
Iron and steel
Fabricated metal
Machinery (including electrical) _
Electrical
Transportation equipment
Motor vehicles and parts
Lumber and furniture
Stone clay, and glass -_
Nondurable goods industries, total 9
Food and beverage
Tobacco
Textile
- Paper
Chemical
Petroleum and coal
_
Rubber
_
Inventories, end of month:
D
_
_ _
-
- -
-
-
_
-
_
_ _
-
_ _ _ _
' ] d t i' total 9
Primary metal
Iron and steel
Fabricated metal
M achinery (including electrical) ._ _
Electrical
M^otor vehicles and parts
Lumber and furniture
Stone, clay, and glass
By stages of fabrication:
Goods in process.
Finished goods
__
61.6
62.2
61.3
62.6
61.9
61.8
60.9
60.7
60.3
60.3
r
5$. 9
59.2
29 3
28 9
13 6
15.4
12 2
4 2
80
18 0
56
12 4
5
8
2
9
3
31 0
15 0
16.0
I9 6
4 7
7 9
18 9
6 3
12 6
31 0
15 1
15.9
12 4
4 5
7 9
18 5
61
12 4
30 8
14 9
] 5. 9
12 5
4 5
80
18 5
5o
12 5
30 4
14 7
15.7
12 3
4 4
7 9
18 1
5 7
12 4
30 1
14 4
15.7
12 3
4 5
7 9
18 2
5 8
12 4
30 1
14 4
15.7
12 2
d 3
7 8
18 1
5 8
12 3
29 6
14 1
15.5
12 2
4 3
79
18 5
6 1
12 4
r
91 4
92 3
92 6
93 2
93 5
93 4
93 3
93 1
r 93 o
r
92 7
92 2
53 3
30 8
22 5
53 9
31 3
22 6
54 3
31 8
22 6
54 7
31 9
22 7
55 0
32 1
22 9
55 1
32 2
22 9
54 9
32 0
22 9
55 0
32 1
22 9
54 7
31 8
22 9
54 4
31 4
23 0
r 54 o
31 1
53 7
30 8
22 9
6
6
1
3
0
3
12.7
6 6
61
24.5
11 3
13.2
12
6
6
24
11
13
12
6
6
25
11
13
12
6
6
25
11
13
9
8
1
0
6
3
13 1
6 9
6 2
25.2
11 8
13 4
13 0
59
6 1
25 3
11 8
13 5
13
7
6
25
11
13
13
7
6
25
11
13
1
0
1
2
7
6
13 1
5 q
5 2
25 3
11 8
13 6
13
6
6
25
11
13
r
30.8
15 0
15.8
12 7
4 7
7.9
17 5
5.3
12 2
31.1
15 4
15.7
12 4
4 7
7.7
1
18 1
5.9
12 2
31 6
15 7
15.9
12 5
4 7
7 8
18 1
60
12 1
30 8
15 2
15.7
89 4
90.5
52 4
30 1
22 3
12
6
6
24
11
13
7
7
1
8
6
2
19 2
4
7
18
5
12
8
8
1
1
6
5
0
0
1
4
9
5
r 13 g
'15. 4
12 9
r 4 2
r
80
18 4
59
r
r 12 5
r 22 9
2
9
3
4
9
5
13 3
4
4
9
5
13 2
5 7
6 4
25.4
11 9
13.5
r 5 9
r
r
6
25
11
13
30 630
29 740
30 290
32, 470
30 820
30, 840
31 560
27 890
30 750
31 100
31, 060
r
29, 650
28 930
do
do
do_ _
do
do_ _
do
15, 240
2 700
1 890
1 620
4 870
2 080
14 720
2 670
1 850
1 540
4*400
l' 850
15 110
2 540
1 670
1 570
4 590
1 890
16,080
2 690
1 750
1 700
5 070
2 050
15 150
2 310
1 470
1 680
4 830
1 880
15, 230
2 250
1,400
1 730
4 790
1 880
15 610
2 190
1 340
1 810
5 030
2 040
13 050
1 780
1 100
1 630
4' 250
1 700
14 090
1 970
1 180
1 890
4 640
1 970
14 580
1 960
l'l60
1 830
4* 870
2 110
14,710
1 910
1 140
1 680
4 760
2 100
r
14, 140
1 800
T
1,040
r \ 540
r
4 580
r i 950
13 800 a 12 700
1 720
990
1 470
4 710
2 010
do
-do
do
-do
do
do
do. __
do_ ._
-do
do
do
do
do
_do
do
do
do
-do _
do
do
do
do
do
do
do
do
do __
do
do
__do
do
3,480
2 010
840
650
15 390
4 590
420
1 220
990
2,180
3 350
480
30 790
15 010
2 800
1 980
1 760
4 720
1 950
2 970
1 590
910
730
15 780
4,700
410
1,260
1,060
2,380
3,100
500
3 670
2 450
810
620
15 010
4 440
'350
1 200
990
2 200
3 200
520
31 110
15 450
2 730
1 900
1 700
4 800
2 020
3 470
2 130
870
750
15 660
4,780
400
1,260
1,010
2,260
3,080
530
3 760
2 440
850
640
15 180
4 430
370
1 230
1 010
2 220
3 070
520
31 580
15 670
2 6QO
l' 800
l' 720
4* 840
1 990
3 570
2 220
920
770
15 900
4 720
3 ISO
570
3, 860
2 480
910
690
16, 390
4 820
400
1,260
1 100
2 430
3 290
520
30 840
15 170
2 540
1 660
1 690
4 750
1 990
3 460
2 110
880
700
15 670
4 710
490
1 200
1 050
2 300
3 igo
510
3 570
2 260
900
740
15 670
4 540
370
1 180
I 040
2 450
3' 130
540
31 030
15 000
2 310
1 470
1 690
4 830
2 010
3 360
2 040
930
750
16 020
4 720
390
1 260
1 030
2 380
3' 250
530
3,640
2 310
920
790
15 600
4 650
420
1 190
1
050
9
470
3 020
'550
30 990
15 060
2 240
1 400
1 7^0
4 780
1 940
3 490
2 210
940
750
15 920
4 530
400
1 290
1 040
2 350
3 180
550
3 660
2 260
950
820
15 950
4 800
430
1 250
1 070
2 390
3 150
560
30 780
14 880
2 010
1 180
1 760
4 740
1 950
3 600
2 290
910
760
15 890
4 630
400
1 270
1 050
2 350
3 180
520
2 910
1 730
770
730
14 840
4 ^70
390
1 050
' 980
2 100
3 110
480
30 440
14 730
2 110
1 300
1 730
4 770
l'940
3 410
2 140
870
750
15 720
4 630
380
1 230
1 080
2 300
3 190
480
2,620
1 460
970
830
16 670
4 880
450
1 300
1 150
2 400
3 260
510
30 150
14 420
1 980
1 180
1 700
4 700
1 930
3 350
2 150
870
730
15 720
4 660
410
1 200
1 090
2 330
3 170
480
3 040
1 740
900
800
16 520
5 olO
410
1 290
1 130
2 450
3 160
500
30 090
]4 410
1 920
1 140
1 650
4 660
1 940
3 570
2 280
810
730
15 670
4 690
390
1 200
1 090
2 300
3 200
510
3. 540
3, 620
r
2 330
2 270
r 790
860
r
780
700
r
16 350
15 520
r 4 700
4 970
r
400
430
T
1,280
1.210
1 100 r 1 050
r
2,360
2,170
r
3 160
3r 170
530
460
29 600 r 29 250
14 080 r 13 gio
1 790
1 790
1 060 r 1 040
1 530 r i 570
r
4 590
4 610
1 930
1 870
T
3 630 r 3 300
2 420
1 990
r 790
780
700
700
r
15 520
15 440
T 4 550
4 700
390
420
1 150 r 1 130
1 040
1 050
2 260
r 2 220
r
3' 230
3 190
490
500
52, 880
30, 260
4,310
2,580
2, 960
9,880
3,690
7,380
3,200
1,860
1,340
53, 660
30, 860
4,300
2,560
3,070
10, 140
3,760
7,520
3,270
1,890
1,380
54, 200
31, 450
4, 350
2,540
3,230
10, 360
3,870
7,620
3,350
1,880
54, 700
32, 060
4,400
2,540
3,370
10, 570
3,940
7,720
3, 370
1,890
54, 770
32, 140
4,450
2,580
3,420
10, 660
4,000
7,590
3,270
1,880
54, 970
32, 250
4,540
2, 670
3,460
10, 760
4,090
7,420
3,170
1,880
54, 880
32,180
4,580
2,710
3,460
10, 720
4,120
7,280
3,100
1,920
54, 400
31, 750
4,640
2,760
3,390
10, 560
4,060
7,050
3,010
1,930
54, 480
31, 730
4,710
2,820
3,310
10, 480
4,040
7,160
3,120
1,940
1 40fl
54, 260
31, 570
4,700
2,830
3,190
10, 400
4,040
7,260
3,320
1,900
1 400
54, 340
54, 220
54, 120
31,400 '31,180
30, 970
4,710
4,700
4, 680
2,840
rr 2, 820
2, 820
3,120
3, 040
3,010
10, 330 ' 10, 330 10, 250
r
3.980
3,940
3, 960
7,280
7, 140
' 7, 200
3,300
3,210
3,160
r
1,920
1,900
1,850
1 390
1 390
1 420
8.6
12.6
8.6
12.3
8.5
12.5
10 5
22, 690
5,060
1,930
2,570
1,600
4,030
3,390
1,160
8.5
12.4
10 5
22, 940
5,240
2,020
2,530
1.610
4,090
3,420
1, 130
8 7
3.1
10.9
8.8
3.1
11.1
do
do
- __do
do
do
do
do
do
do
— -_do —
do
Food and beverage
Tobacco
Textile
do
do
do
Chemical
Petroleum and coal
Rubber
By stages of fabrication:
Purchased materials
do
do
do
Finished eoods
60.9
bil. of dol__
do
8 5
12.1
9. 6
99 fiio
5,010
2,040
2,510
1 510
4,080
3,360
1,160
9 0
30
10.4
' 4Qf)
1 260
1 070
9' 380
8.5
12.4
10.0
22 810
4,940
2,100
2,600
1 530
4,090
3,340
1,170
8.6
12.5
8.6
12.7
8.5
12.7
8.5
12.7
ni
22 750
4,850
2,060
2,670
1,560
4,140
3,270
1,180
22 640
4,710
2,020
2,730
1,580
4,160
3, 220
1,210
22 640
4,670
1,990
2,760
1,590
4,140
3,220
1,220
22 720
4, 690
1,940
2.780
1, 600
4, 080
3,270
1, 210
22 700
4,660
1,870
2,750
1,600
4,110
3,280
1,200
22 660
4,720
1,830
2,720
1,610
4,100
3, 320
1,180
8.6
12.5
10 6
22 750
4,930
1,850
2,660
1,620
4,100
3,350
1,180
9 0
3.0
10.5
9 2
3'.1
10.4
9 2
3.1
10.4
9 1
3.1
10.4
q 0
3.2
10.6
89
3.2
10.7
89
3.2
10.6
88
3.2
10.8
-I A
O
3, 550
2 120
720
600
15 130
4 620
400
1,100
1 000
2.090
3 440
460
28 940
13 550 a 13 200
1 760
1 010
1 560
4 520
1,860
3 180
1 870
790
090
15, 380
4 580
390
1,120
1 060
2 230
3,220
480
8.2
'8.4
<-12. 3
12.2
10 5
10 6
' 23, 040
23,150
r 5, 260
5,190
2,080
2,000
' 2, 580 2,610
1,620
1,620
4,220
' 4, 140
' 3, 410 3, 340
1,170
' 1,130
T
8. 8
3.1
11.1
9.0
3.0
11.2
' Revised
i Beginning January 1960 data for Alaska and Hawaii are included.
§ The term "business" here includes only manufacturing and trade. Business inventories as shown
on p. S-l cover data for all types of producers, aboth 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.
Advance estimate.
SURVEY OF CURRENT BUSINESS
February 1061
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of DecemBUSINESS STATISTICS
ber
S-5
1960
January
February
March
April
May
June
1961
July
August
Septem- October Novem- 1 December
ber
ber
January
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
Inventories, end of month— Continued
Book value (seas adi ), total
52, 430
53 310
53 900
54 340
54 660
54 950
55 100
54 900
54 980
54 710
54, 380
r
- do
__do_ _
do
do_
do
do
30, 080
4,120
2,390
3,050
9.920
3,730
30, 760
4,200
2 460
3,130
10 180
3,820
31 260
4 320
2 540
3 230
10 320
3 900
31 770
4,450
2 610
3,330
10 480
3 940
31 920
4,630
2 770
3,320
10 530
3 960
32 070
4,700
2 840
3, 350
10 GOO
4 000
32
4
2
3
10
4
32
4
2
3
10
4
050
750
870
330
580
040
32 080
4,710
2 820
3 340
10 590
4 080
31
4
2
3
10
4
840
640
740
270
530
060
31, 430
4, 570
2,680
3, 180
10, 440
4,010
r
do~
do
do _
do
7,180
3,040
1,870
1 , 360
7,380
3 100
1,910
1,370
7 530
3 190
1 870
1 380
7, 640
3 260
1 , 860
1 420
7 580
3 260
1 850
1 420
7,520
3 260
1 850
1 430
7 460
3 280
1 890
1 440
7 340
3 280
1 900
1 440
7 360
3 300
1 920
1 440
7 240
3 320
1 940
1 460
7,100
3 130
1,960
1 460
bil. of dol
-- do
do_ _
8.3
12.1
9.7
8 6
12.3
9.9
8 7
12 5
10 1
88
12. 7
10.4
88
12 6
10 5
88
12 7
10 6
8 7
12 8
10 7
86
12 6
10 8
8 6
12 6
10 9
84
12 4
11 0
83
12.2
10.9
22, 340
22, 550
22, 640
22, 570
22, 730
22, 880
22, 870
22, 850
22, 900
22, 870
22, 950
do
- do
__do_ _
do
do
do
- do
4,790
1,980
2, 530
1,510
4,030
3,320
1,140
4,810
1,980
2,580
1,530
4,030
3,410
1,140
4 820
1 950
2 650
1 540
4 050
3 400
1 140
4 820
1, 950
2, 670
1,540
4,060
3,330
1,160
4 850
1 950
2 720
1 550
4 080
3 350
1 190
5 000
1 960
2 710
1 580
4' 080
3 310
]' 180
4 990
1 950
2 700
1 590
4 110
3 300
1 200
4 940
1 940
2 690
1 610
4 140
3 290
1 230
4 950
1 940
2,670
1 630
4,180
3 290
1 240
4 980
2 000
2 640
1 640
4 160
3 260
1 200
5 010
2 030
2,640
1 650
4, 180
3 280
1, 160
- - bil. of dol
do__
_-do
8.9
3.0
10.4
9.0
3.0
10.5
91
3.0
10.5
9.1
3.0
10.5
91
31
10.5
9 1
31
10.6
91
3.1
10.6
91
32
10.6
9 0
3.2
10.7
89
31
10.9
8.9
3.1
11.0
- mil. of dol
30, 610
29, 100
29 650
31, 750
29 700
30 210
31 480
27 910
30 560
31 050
30 040
_ mil. of dol
Durable goods industries, total 9
Primary metal
_
_
Iron and steel
Fabricated metal
_ _ _ _ _ _ _
Machinery (including electrical)
Electrical
Transportation equipment _
Motor vehicles and parts
Lumber and furniture
_
Stone cloy and glass
By stages of fabrication:
Purchased materials
Goods in process
Finished goods
- -
Nondurable goods industries, total 9 --mil. of dol__
Food and beverage
Tobacco
Textile
Paper
Chemical
Petroleum and coal
Rubber
By stages of fabrication:
Purchased materials
Goods in process
Finished goods
-
--
New orders net (unadjusted) , total
Durable goods industries, total 9
do
Primary metal
- do
Iron and steel
- __do_
Fabricated metal
do
Machinery (including electrical)
__do
Electrical
- _ _
do _
Transportation equipment (including motor vehicles)
--.mil. of dol_
230
800
950
340
640
040
15, 070
2,700
1,810
1,610
4,880
1,960
14, 060
2,290
1,450
1,520
4,420
1,760
14, 560
2 320
1,420
1 540
4,810
1,890
15, 450
1,780
960
1, 630
5,130
2,100
14, 100
1 680
920
1 680
4 820
1,840
14, 590
1 990
1,190
1 720
4 '730
1,840
15, 520
1,840
1,070
1,710
5,240
2,370
13,170
1 670
1,000
1 640
4,390
1,860
14, 100
1,800
1,020
1 890
4,620
2,040
14, 630
1 890
1, 130
1 720
4 880
2,320
13. 800
1,740
990
1,620
4,450
1,870
3,550
3,320
3,340
4,050
3,210
3,390
3,800
2,820
2,900
3,310
3, 310
54, 010
53 650
31, 070
4, 520
2 630
'3, 100
r
10 350
r
3, 980
30, 780
4,490
2,610
3,100
10 280
3,990
r
7, 020
3 030
1, 930
I 430
6, 940
3 000
1, 860
1 440
'8. 1
12.1
10.9
7 9
12. 1
10.8
22, 930
22, 870
r
r
r
r
4 960
2 020
2, 660
r
1 650
r
4,
180
r
3 300
T
1, 140
4 960
2 020
2,630
1 620
4, 180
3 300
1 160
«-8. 8
3. 1
11.0
8.7
3.1
11. 1
r
29, 020
28 800
r
13, 590
<• 1, 770
1,020
r
1, 460
r
4, 270
1,750
13, 710
1,640
970
1,350
4,500
2,000
r
T
3, 520
3,980
15 420
r
3, 350
15 090
3, 180
11, 920
« 12, 600
do
_ _ do
do
15, 540
3,560
11,980
15, 040
3, 320
11, 720
15 090
3,300
11, 790
16, 300
3, 530
12, 770
15 610
3 370
12, 240
15 620
3 460
12, 160
15 960
3,520
12, 440
14 730
3 010
11, 720
16 460
3,490
12, 970
16 420
3 570
12, 850
16 240
3 520
12, 720
do
30, 740
29, 830
30, 590
30, 290
30, 350
30 470
30, 110
29, 190
30,010
30 400
29, 210
Durable goods industries, total 9
do
Primary metal
do
Iron and steel
___ . __do
Fabricated metal
do
Machinery (including electrical)
_ do
Electrical
do
Transportation equipment (including motor vehicles)
_
_mil. of doL
14, 770
2,680
1,820
1,670
4,870
1,930
14, 190
2,230
1,400
1,610
4,630
1,900
14, 800
2 200
1,300
1 610
4,840
1 920
14, 640
1,720
930
1,640
4,740
1,950
14, 470
1 810
990
1 710
4 760
1 880
14, 680
1 960
1 150
1 700
4 750
1 880
14, 340
1,780
990
1,680
4,690
2 030
13, 840
1 890
1,170
1 590
4,520
1 890
14, 410
1,840
1,050
1,740
4,810
2 210
14,620
1 850
1 120
1 540
4 750
2 230
13, 740 'r 13, 600 13, 350 ' 13, 100
1, 750
1 760
1 640
1,030
1,060
970
1 480
1 480 rr 1 560
4, 590
4 570
4,400
1 820
1 910
1 860
2,800
3,150
3, 500
3,680
3,490
3 520
3,460
3,200
3,330
3 820
Nondurable goods industries, total
Industries with unfilled orders ©
Industries without unfilled orders ^
15, 970
3,750
12,220
15, 640
3,430
12, 210
15, 790
3 390
12, 410
15, 660
3,400
12, 260
15, 880
3 330
12, 550
15, 790
3 420
12 370
15, 770
3,430
12, 340
15, 350
3,170
12, 180
15, 610
3,390
12, 220
15 780
3 ^80
12 200
Nondurable goods industries, total
Industries with unfilled orders ©
Industries without unfilled orders 1
New orders, net (seas, adjusted), total
do _ _ _
do
_ __do
Unfilled orders, end of month (unadj.), total
do
Durable goods industries, total 9
_ _ do
Primary metal
_ do _
Iron and steel
do
Fabricated metal
_
_ __
do
Machinery (including electrical)
do
Electrical
do
Transportation equipment (including motor vehicles)
_ mil. of dol
Nondurable goods Industries, total ©
do
r 12, 080
r
28, 760
' 3, 060
2,970
15, 470 r r15,420
3 320
3 310
12 160 r 12, 100
15, 410
3 350
12 060
3,690
51, 490
50, 850
50, 210
49, 490
48, 380
47 750
47, 680
47, 690
47, 500
47 450
46, 440
r
48, 130
6,760
5,240
3,330
17, 790
9,980
47, 460
6,390
4,840
3, 310
17,810
9,900
46 910
6,180
4 580
3,270
17 920
9 900
46, 280
5,270
3,790
3,200
17, 980
9,950
45 230
4 640
3 240
3 200
17 970
9 900
44 590
4 380
3 040
3 180
17 910
9 860
44, 500
4,030
2 770
3,080
18 120
10 190
44 620
3,920
2 670
3,100
18 260
10 350
44, 640
3,740
2 500
3, 100
18 240
10 430
44
3
2
3
18
10
43
3
2
2
17
10
r
15, 730
15,380
14, 960
15, 160
14 800
14 550
14, 690
14, 600
14, 890
15 160
14 930
3,360
3,390
3,300
3,210
3,150
3 170
3,180
3,070
2,860
2 770
2 660
14, 676
14, 993
14, 007
1 13, 760
680
670
470
000
9r
>0
630
29, 020
770
500
320
940
940
400
45, 800
45, 670
43 230
r
3, 470
2 300
r
2
860
r
17 620
r
10 200
43
3
2
2
17
10
r
15 250
14 830
T
2 570
130
400
280
740
410
200
2 540
BUSINESS POPULATION
Firms in operation, end of quarter (seasonally adjusted)!
thousands-
4,670
New business incorporations (49 States) eft- -number __
16, 456
18, 189
14, 669
17, 437
15, 446
15, 530
16, 676
INDUSTRIAL AND COMMERCIAL FAILURESd71
Failures, total
number
1,080
1,181
1,214
1,335
1 370
1 273
1 334
1, 146
1 315
1 269
1 344
1 311
1 353
89
163
231
478
119
93
193
210
587
98
103
195
196
609
111
120
241
224
607
143
121
220
215
674
140
131
214
229
564
135
103
213
228
680
110
102
192
173
573
106
128
217
228
621
121
113
218
218
604
116
132
231
229
613
139
111
298
231
617
124
110
245
231
637
130
thous. of dol.
59, 556
53, 671
60, 945
70, 193
69, 192
73, 307
126, 450
61, 732
97, 594
80,604
81 508
84, 463
78, 971
do_
do
do
do_-_
do
3,072
10, 453
23, 822
13, 443
8,766
3, 129
11, 993
16, 324
15,951
6,274
2,501
10 770
21, 527
16, 687
9 460
7,809
19 427
19, 170
14,116
9 671
7,065
13 661
18, 483
18, 563
11 420
6 095
10 877
31, 963
17 588
6 784
22 597
18 613
41,111
28 497
15 632
3 993
11 073
21, 080
20 470
5 116
5 940
27 874
33, 097
22 556
8 127
12 715
14 417
23,011
23 080
7 381
16 644
17 877
16, 104
20 894
9 989
7 309
16 683
28, 887
22 493
9 091
3 579
28 104
18, 878
20 199
8 211
49.6
51.0
50.7
51.1
54.9
54.1
57.2
54.8
59.6
65.2
63.3
62.0
63.4
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade
Liabilities (current), total
Commercial service
Construction
__
___
Manufacturing and mining
Retail trade
Wholesale trade _
_ _
_ -
___ do
do
do _ _ _
do
do
Failure annual rate (seas. adj.). No. per 10,000 concerns.
4,690
4,710
a 43 000
4,730
4,725
i 12, 412 -•114,579
1 16, 554
' Revised.
1 Excludes number reported for Alaska: November 1959, 18; October 1960, 23; November 1960, 23; December 1960, 15; January 1961, 10.
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.
§Revisions for 1956-59 appear on p. 13 of the May 1960 SURVEY.
cf Data are from Dun &
Bradstreet,
Inc.
JRevisions for 1947-58 to include data for Hawaii are available upon request.
« Advance estimate.
February 1961
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1959
1960
December
January
February
March
April
May
June
1961
July
August
Septem- October Novem- December
ber
ber
January
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
Prices received, all farm products t
230
232
233
241
242
241
236
238
234
237
240
241
242
241
- do
do
- do
do
do
218
262
254
149
206
220
278
248
151
206
218
256
237
153
208
222
249
238
153
210
225
255
244
158
209
228
283
248
158
209
221
223
251
158
199
226
247
265
156
194
218
191
273
152
196
222
195
271
152
197
220
193
267
147
200
218
217
254
136
204
217
220
243
141
204
218
214
233
146
207
do
do
do
- do
198
215
174
494
203
216
188
484
211
216
189
494
228
213
223
494
211
216
257
494
216
218
245
494
239
216
203
494
235
213
239
493
239
211
198
479
269
208
181
502
272
209
165
508
261
213
181
502
248
217
181
520
254
231
178
508
240
273
268
148
234
242
266
279
144
239
245
261
287
142
240
257
256
309
153
243
257
244
310
163
250
252
237
310
153
253
248
234
305
148
248
249
244
302
148
240
247
254
290
152
230
251
269
285
162
225
258
278
288
175
222
261
281
289
180
219
263
278
296
178
226
261
272
304
165
221
275
291
264
275
"•289
265
276
289
266
276
289
267
278
291
268
277
291
267
275
290
265
275
290
263
274
290
262
274
290
263
274
290
262
274
291
262
275
'291
'265
276
291
267
296
299
299
300
302
301
299
298
298
298
297
297
298
301
78
78
78
80
80
80
79
80
79
80
81
81
81
80
125.5
125.4
125.6
125.7
126.2
126.3
126.5
126.6
126.6
126.8
127.3
127 A
i 127.5
129.5
123.1
117.1
118. 5
113.8
147. 8
129.4
122.9
116.7
118.1
113.3
148.2
129.7
123.0
116.7
118.0
113.3
148.9
129.7
123.1
116.7
118.3
112.5
149.2
129.8
123.7
117.4
119.4
112.1
149.4
129.7
123.8
117.3
119.4
111.9
149.6
129.7
124.0
117.6
119.8
111.5
149.7
129.9
124. 2
117.7
120.0
111.1
150.0
130.1
124. 1
117.6
119.9
111.0
150.3
130.3
124.3
117.7
120.3
110. 0
150.8
130.7
124.8
118.2
120.7
110.9
151.2
130.8
125.0
118.3
120.9
110.7
151.3
130.8
125.0
118.4
121.0
110.8
151.4
do
do
do
do
do
109.2
117.8
116.7
125. 5
106. 6
107.9
117. 6
116.5
125. 7
106.4
108.4
117.4
116.5
125.9
106.2
108.8
117.7
116.4
125.0
107.2
108.9
119.5
115. 3
129.9
109.3
108.9
119.7
115.0
132.9
109.7
108.9
120.3
115.0
136.1
110.3
109.1
120. 6
115.8
134.4
110.8
109.3
120.1
116.6
127.3
111.3
110.6
120.2
117.5
124.6
110.2
111.0
120.9
118.4
124.8
110.0
110.7
121.1
118.9
126.2
109.9
110.6
121.4
119.3
126. 3
110.5
do
do
do
do
do
do
130.4
122.7
104.2
140.8
153.2
132.9
130.7
123.2
104.0
140.9
153. 5
132.7
131.2
124.0
104.3
141.0
154.7
132.6
131.3
124.1
104.7
141.2
155.0
132.7
131.4
124.4
104.7
141.4
155. 5
132.9
131.2
124.7
104. 3
141.4
155.9
133.2
131.3
124.7
104.3
141.6
156. 1
133.2
131.3
124.8
104.1
141.8
156.4
133.4
131.5
124.9
103.5
141.9
156.7
133.8
132.0
125. 7
104.1
142.1
156. 9
133.9
132.2
125.7
104.0
142.5
157.3
134.0
132.1
125.7
104.0
142.7
157.9
133.9
132.3
125. 6
103.9
142.8
158.0
133.7
do
do
do
do
do
120.4
148.7
137.5
120.3
120.6
147. 6
147. 5
136. 3
136.0
' 195. 8 * 197. 9
131.8
131.8
120.9
146. 5
134.9
131.7
121.1
146. 1
134.4
' 198. 0
131.9
121.4
145. 6
133.9
' 198. 0
131.9
121.1
145. 8
134.1
198. 3
132.0
121.9
122.5
146.1
146. 5
134.1
134.4
' 201. 2 r 202. 9
132.7
132.7
122.3
146.5
134.5
202.9
132.7
119.5
119.8
93.3
126.4
1910-14 = 100__
Crops
Commercial vegetables
Cotton
Feed grains and hay
Food grains
Fruit
Oil-bearing crops
Potatoes (incl dry edible beans)
Tobacco
-
Livestock and products
do
Dairy products
- do
M^eat animals
do
Poultry and eggs
do
Wool
do
Prices paid:
All commodities and services
_ _
__do_ __
Family living items
do
Production items
do
All commodities and services, interest, taxes, and
wage rates (parity index) _
_ 1910-14=100 _
Parity ratio §
-
-_do
CONSUMER PRICES
(U.S. Department of Labor indexes)
All items
194749—100
Special group indexes:*
All items less food
do
All items less shelter
do
All 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
WHOLESALE PRICEScf
(U.S. Department of Labor indexes)
All commodities
_
1947-49=100
By stage of processing:
Crude materials for further processing
_ do
Intermediate materials, supplies, etc
_ do
Finished goodsO
do
By durability of product:*
Nondurable goods
_ do _
Durable goods ^
do
r 195. 8
131.7
r 198. 0
r
121.9
121.6
146.2
145.9
134.4
134.2
' 198. 9 ' 199. 3
132.4
132.2
r
122.1
144.7
132.8
200. 3
132. 7
118.9
119.3
119.3
120.0
120.0
119.7
119. 5
119.7
119.2
119.2
119.6
119.6
93.4
127.3
120.1
94.6
127.5
120.6
94.8
127. 4
120.5
96.4
127.5
121.4
96.3
127.6
121.4
96.0
127.1
121.2
95. 3
127.0
121.1
94.8
127.0
121. 8
92.7
126.8
121.5
92.9
126.8
121.5
93.3
126. 6
122.4
93.0
126.5
122.7
r 122. 2
94.5
126.7
122. 4
103.8
146.6
104.3
146.8
104.3
146.8
105. 5
146. 5
105. 6
146. 5
105.2
146.1
105.2
145.8
105.6
145.6
104.9
145. 5
105.3
144. 5
105.8
144.9
105.8
145. 0
105. 6
145. 0
106.2
145.0
Farm products 9
do
Fruits and vegetables, fresh and dried
_ do
Grains
do
Livestock and live poultry
__ _ _ _ do _
85.9
107.9
76.1
76.0
86.5
104. 9
77.2
78.5
87.0
100.5
76.7
80.8
90.4
104.4
78.2
86.2
91.1
111.5
79.4
85.7
90.4
116.9
77.8
85.8
89.0
109.7
88.9
112.9
75.5
84.1
86.6
98.7
74.3
80.7
87.7
104.7
74.9
79.0
89.5
109.2
73.5
80.7
89.9
107.5
70.3
81.8
88.7
99.5
72.7
82.8
89.7
106.7
75.3
84.8
Foods, processed 9
_ _ _
_
do
Cereal and bakery products
_ do _.
Dairy products and ice cream
_
do_
Fruits and vegetables, canned and frozen
do
Meats, poultry, and fish __ _
_ do _
104.7
120.4
118.1
104.6
90.5
105.6
120. 7
118.8
104.5
92.4
105.7
120. 6
118.4
105. 0
93.1
107.3
120. 8
117.7
105.8
97.8
106.8
120. 9
115.6
105. 8
96.7
107.3
121.2
114.9
106.3
98.5
107. 6
121.2
116.0
106. 9
98.1
108.9
122.5
117.3
107.8
122.0
118.0
r 107. 3
r 106. 6
109.0
123.1
121.3
108.9
97.8
Commodities other than farm prod, and foods__do
128.6
128.8
128.7
128.6
128. 7
128.2
110.0
124.0
93.7
50.8
107.0
128.3
109.9
124.1
93.8
49.2
108.8
128.3
110.0
124.2
94.0
49.4
108.8
128.3
110.1
124.2
94.2
50.6
108.8
128.3
110. 2
124.5
94.5
51.7
108.8
128.3
111.7
124.1
101.2
115. 5
114.3
111.9
124.1
101.3
116.6
114.4
112.0
124.1
101.8
114.5
114.6
112.3
124.0
101.8
115.6
115.0
112.2
119.0
101.8
115.6
115.4
Chemicals and allied products 9
Chemicals, industrial
Drugs and Pharmaceuticals
Fats and oils, inedible.Fertilizer materials
Prepared paint
^
__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
85.1
99.5
96.8
108.1
122.4
120.5
' 107. 7
96.0
128.2
128.2
128.2
127.9
128.0
127.9
127.9
128.1
110.2
124.6
94.8
50.2
108.8
128.3
110.2
124. 6
95.1
47.9
108.8
128.3
110.4
124.7
95.1
47.8
110. 5
124.6
95.4
48.9
110.3
123.6
94.4
47.8
111.2
128.4
110.3
123.5
94.3
48.9
111.9
128.4
110.4
r 123. 5
94.3
48.5
111.9
' 130. 3
110.4
123.1
94.3
50.1
112.2
131.5
110.8
118.7
101.7
111.6
113.6
112.3
119.5
101.8
112.2
116.0
116.2
122.5
102.1
120.9
121.0
116.1
123.0
102.4
120.2
120.6
116.2
123.1
102.3
120. 0
120.8
117.2
123.5
102.3
120.2
122.4
128.4
128.4
110.4
124.5
95.0
47.7
108. 3
128.4
113.8
120.3
102.0
114.4
117.9
115.3
121.3
102.1
116.6
120.0
116.1
122.4
102.1
121.3
120.7
r 110.
4
r 108.
2
r
109.1 ' 109. 2
123.1
123. 5
122. 0
121.7
' 109. 4 r 110. 1
96.6
'97.3
r
109.8
123.5
121.2
112.1
98.3
123.2
123.4
123.5
123.5
Furniture, other household durables 9_ do _
123.7
123.2
123.0
123.1
122.9
122.8
122.6 rr 122. 6
122.7
122.5
103.3
103.7
103.2
103.3
103.1
102.1
101.7
Appliances, household
do
101.7
101.1
100.9
100.6
100.9
100. 4
100.6
124.2
124.9
124.7
124.9
124.9
124.9
Furniture, household _ _ _
_
do
125.0
125.0
125.0
125.0
125.7
125.6
125.7
125. 6
87.8
87.8
87.8
87.7
87.8
87.1
87.1
Radio receivers and phonographs. _ _ _ _ do_ _
87.8
86.1
86.1
84.2
84.2
'85.3
85.3
69.2
69.0
69.1
69.1
69.0
Television receivers
do
69.0
69.0
69.0
68.9
68.9
68.9
68.9
'69.3
69.3
' Revised.
1 Index based on 1935-39= 100 is 213.2. JRevis ed beginn ing Janua ry 1958 toincorpora te price re visions foi* individu al commo dities; rev isions for January L958-Dece mber 1959
appear on p. 20 of the January 1961 SURVEY (revisions fo r 1952-57 £ippear on p. 24 of th e Noveml)er 1959 SiJRVEY).
§Ratio 3f prices r 3ceived to prices pa id (includ ing intere st, taxes, and wage
rates) .
*New series; data prior to August 1958 are av?lilable up 3n rcques t.
9 Inc ludes dat a not shOAvn separa tely.
Q} Re vised beginning January 1958; revisions prior to Dece mber 1959
will be shown later.
cfFor actual wholesale prices o f individu al commc dities, set} respecthTQ commo dities.
0 Goods to users, including raw foods and fuels.
SURVEY OF CURRENT BUSINESS
February 1961
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1959
S-7
1960
December
January
February
March
April
May
June
1961
July
August
Septem- October Novem- December
ber
ber
January
COMMODITY PRICES—Continued
WHOLESALE PRICESd"— 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
103.5
124.8
125. 9
112.7
134.2
73.7
105. 5
125. 1
126.1
112.0
134.2
69.8
104 8
124.9
126.1
111.8
134 2
72.0
102 8
124.5
125.9
112.1
133.5
73.5
104 7
124. 3
125. 7
111.2
132 5
72 9
103 5
123 7
124 9
110.3
132. 5
67. 1
103.0
122.4
123.1
110. 1
132 5
68.0
102 2
121.5
121.6
108.7
132 5
63 6
98 9
119. 6
119.2
108.1
132 5
62 3
97 5
118 7
117.9
108. 5
132 5
64 1
98 1
117 7
116 3
108. 5
132 5
65 8
97 1
116 9
115.1
do
_do
do
do _
do
153.7
144.0
172.9
155.4
141. 6
153. 8
144.3
173.6
155.8
141. 6
153 9
145.3
173.9
155 7
141.6
153 9
145. 3
174.3
155 6
141.6
154 0
145.6
174.7
155 6
141.6
153 5
145 7
175. 3
153 9
141 6
153. 4
145. 9
175. 3
153.9
141.6
153 2
146 0
175.5
153. 3
141.6
153 2
146 1
176. 7
153 1
141.6
151 3
146 2
176.7
152 5
135 4
152 8
146 7
176.7
152 5
140 3
r 153 7
do
do __
__do
do
155.2
121.6
172.2
140.7
1 55. 5
120.9
172.4
142.7
155 3
120.3
171.6
142 6
154 5
120. 1
170.5
140 8
154 5
120. 1
170. 5
140 5
154
120
170
140
2
2
4
0
153 8
120.0
169. 9
138.9
153 4
118. 7
169.5
138 6
153 6
118 8
169.9
138 7
153 5
119 3
169 7
138 4
152 8
119 3
168 9
137 1
152 3
118 4
168 5
135 5
do
do
do
- do
137.8
160. 7
130.4
133.1
138.4
161.3
130.5
133.1
138.2
161.5
131.1
133.1
138.2
161.5
131.0
133.2
138.3
161. 5
131.3
133. 2
137 9
161 7
131 5
133 2
137.8
161.7
131.3
133.2
137 8
161.8
131 3
133.2
137 8
162.0
131 1
133 2
138 0
162 1
131 0
133 2
138 1
162 2
131 0
133 2
137
162
131
133
do
do
_ do
do
132.4
144.3
142.0
132.2
133.7
144.5
143.1
132.2
133 2
144. 5
144. 6
137.0
133 1
144 8
144.7
137.0
133 1
145. 1
144.7
137.0
133 4
145 9
146 3
137.0
133 5
145. 9
146.7
137.0
133 5
145 9
146.9
141.3
133 0
145 2
145 3
141.3
133 0
145 4
144 9
141.3
133 4
145 7
144 7
141.3
133 1
145 7
143 6
141.3
96.7
100.9
95.0
121.7
81.3
104.2
96.6
100.8
95.9
122.0
79.4
104.0
96.5
100 6
95.8
119. 5
79.8
103.2
96.3
100 7
95.6
116.6
79.4
102.8
96.3
100 7
95. 0
118.0
79.4
102.7
96
100
94
118
79
102
3
6
8
7
7
4
96.3
100 8
94.8
121. 6
79. 6
102.1
96 3
101 0
94 7
123.3
79 6
101.8
96
101
94
126
78
101
1
0
3
8
9
5
95 9
101 1
93 4
128 4
78 6
101 2
95
101
92
128
78
101
8
1
8
5
5
1
95 4
101 0
91 7
125 9
78 2
101 3
131.7
120.7
134.8
94.2
118.0
131.7
120. 5
134. 8
95. 3
117.7
131 7
120.6
134 8
93.4
117 8
131 7
120.6
134 8
94.0
117 8
131 7
120. 6
134 8
95.4
118 3
131 7
120 6
134 8
91 1
118 3
131 7
120.6
134 8
90.9
118 3
131 8
120 6
134 8
90 8
118 6
132
121
134
89
118
0
1
8
9
5
132 0
121 1
134 8
91 1
118 6
132 0
121 1
134 8
90 3
118 6
132 0
121 1
134 8
90 6
118 6
84.1
79.7
83.8
79.7
83.8
79 6
83.3
79 6
83.3
79 2
83 5
79 2
83.7
79 1
83 5
79 0
83 9
79 0
83 9
78 9
83 6
78 6
83 6
78 5
Machinery and motive products 9
Agricultural machinery and equip
Construction machinery and equip§
Flectrical machinery and equipment
Motor vehicles
Metals and metal products 9
Heating equipment
Iron and steel
Nonferrous 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
Apparel
Cotton products
Silk products
_ _
Manmade fiber textile products
Wool products
do
do
do _
do
do
do
Tobacco prod and bottled beverages 9
Beverages, alcoholic
_
Cigarettes
Miscellaneous
Toys sporting goods
112.3
134. 1
73.8
do
_ do
do
_ do
do
r 148 2
177.3
' 108. 8
132 5
64 9
99 4
r IK} 5
T
r 148
r
r 153 1
r
115 0
153 6
140 5
()
177. 0
152 6
142 2
152 2
T
r
153 6
148 5
177.3
152 4
142 2
168 6
133 9
152
115
169
131
2
7
5
9
137
162
131
133
138
162
131
134
6
0
4
9
r Hf) 8
9
3
0
2
108.3
132 5
62 6
97 9
115 8
114 5
9
3
0
2
132 3
145 7
141 2
137. 1
132 6
145 7
140 1
137.2
95
101
91
125
77
100
2
0
2
7
8
8
95
100
90
130
77
100
0
7
7
8
4
3
139 1
132
121
134
95
118
1
2
8
4
9
r 121 2
134 8
92 4
118 6
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
Consumer prices
1947-49=100...
do. __
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE*
New construction (unadjusted), total
mil. of dol_.
Private, total 9
do
Residential (nonfarm) 9
do
New dwelling units
do...
Additions and alterations.
_ do
Nonresidential buildings, except farm and public
utilitv, total 9
mil. of dol.
Industrial.
do
Commercial
_ _ _ _
_
do
Farm construction.
do...
Public utility
do_.._
Public, total. _
Nonresidential buildings
Military facilities
Highway
Other types
New construction (seasonally adjusted), total
Private, total 9
j Revised.
3,482
3, 762
4,120
4,539
4,878
2,712
2,596
2,774
2,944
3,176
3,392
(2)
1,718
1.322
324
1,476
1,140
266
1,348
1, 023
257
1,483
1,121
294
1,626
1,192
365
1,755
1, 252
429
1,910
1,358
474
(2)
789
200
341
121
411
757
209
310
101
356
763
218
314
103
363
745
213
305
113
414
736
207
300
125
438
770
206
324
143
485
815
208
349
155
487
do. _
1,013
974
886
988
1,176
1,363
1,486
320
98
286
309
326
80
280
288
305
56
250
275
331
86
265
306
375
79
390
332
393
90
516
364
409
93
616
368
(2)
(2)
do
4,331
4,489
4,521
4,522
4,480
4,488
4,449
do
3,144
3,211
3,230
3,216
3,181
3,175
3,164
(2)
1,760
1,804
1,779
1,776
1,763
1,753
1,758
(2)
769
196
331
161
428
797
203
345
137
445
833
218
363
133
460
813
215
344
133
471
804
211
339
132
462
802
210
338
130
470
797
210
332
129
460
1,187
1,278
1,291
1,306
1,299
1,313
1,285
do
Nonresidential buildings
Military facilities.
Highway
3,686
3,062
do
do _
do
do
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
4,075
(2)
(2)
do
do
do
359
347
371
357
377
390
381
111
95
77
115
95
90
82
381
483
481
482
481
482
481
i Indexes based on 1935-39=100 are as follows: Measured by—wholesale prices, 43.7 (January); consumer prices, 46.9 (December).
cT'See corresponding note on p. 'S-6.
9 Includes data not shown separately.
§Revised beginning with data for September 1955; unpublished revisions (prior to November 1958) will be shown later
^Revisions for January-September 1958 are shown in the November 1959 issue of "Construction Activity" report of Bureau of the Census
83 7
i 78 4
i 83 5
SUEVEY OF CUREENT BUSINESS
S-8
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1959
December
February 1961
1960
January
February
March
April
May
June
1961
July
DecemOctober NovemAugust September
ber
ber
January
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION CONTRACTS
Construction contracts in 48 States (F.W. Dodge Corp.) :
Valuation, total
.mil. of dol__
Public ownershio
Private ownership
By type of building:
Nonresidential
Residential
Public works
Utilities
do _
do
do
do
__do
do
_
Engineering construction:
Contract awards (ENR)§
_..do_._
Highway concrete pavement contract awards: c?
Total
thous. of sq. vd
Airports
do
Roads
do
Streets and alleys
do
2,224
2,193
2,240
3, 046
3,360
3,337
3,472
3,597
3,295
3,119
3,319
2,886
2,718
711
1,513
727
1, 466
702
1,537
1,075
1,971
1,067
2,293
1,025
2,312
1,237
2,236
1,413
2,184
1,018
2,277
995
2,124
1,125
2,194
1,071
1,815
1,218
1,500
790
993
383
58
801
927
353
111
698
988
413
141
1,067
1,294
566
120
1,048
1,480
654
178
1,110
1,453
494
281
1,110
1,483
693
186
1,152
1,329
794
321
1,177
1,433
520
165
1,124
1,277
544
173
1, 165
1,390
647
117
916
1,253
566
152
994
878
735
110
1, 590
1,265
1,402
2,001
2,005
1,803
2,885
2,005
1,859
2,232
1,796
1,775
6, 900
372
7,410
1,069
4,791
1,550
5, 961
223
4,370
1,369
7,826
415
5, 267
2,145
8, 406
335
5, 482
2,589
9,963
309
6,202
3,452
11,069
1,284
5,784
4,000
10, 637
1, 526
5,230
3,881
11,216
684
6, 366
4,166
7,446
405
3,829
3,212
8,541
635
4,461
3,445
11,208
207
7,045
3,957
83.7
76.3
76.5
97.8
109.2
0)
83.0
58.9
.7
75.0
53.1
1.3
74.2
51.9
2.3
94.7
62.2
3.1
107.5
71.7
1.7
1,330.0
1,216.0
1,115.0
1,125.0
1,125.0
67.1
66.0
48.5
2.9
14.6
1.1
57.7
57.0
41.7
2.8
12.5
.7
60.6
60.5
45.7
2.9
11.9
.2
84.3
81.2
61.1
3.9
16.2
3.1
92.4
91.3
69.6
3.8
17.8
1.1
2, 553
3, 975
1,875
1,661
NEW DWELLING UNITS
New permanent nonfarm dwelling units started:
TTnadiusted:
Total privately and publiclv owned
thousands
Privately owned total
do
Phl'l
r\
H
Seasonally adjusted at annual rate:
Residential construction authorized, all permit-issuing
places:
P ' at 1 fin IT P^ totil
yy
•!
•
-, f
.,
,
*
"
"
j~~
TTnits in 2-family structures
U^I
I
>, I I C I
In
J
do
-_
I
_ __
0)
CONSTRUCTION COST INDEXES
Department of Commerce composite t
1947-49=100..
American Appraisal Co., The:
Average, 30 cities
1913-100
Atlanta
do
New York
__
do _
San Francisco
do
St. Louis
do
Associated General Contractors (all types)
do
E. IT. Boeckh and Associates:^
Average. 20 cities:
Apartments, hotels, and office buildings:
Brick and concrete
U.S. avg. 1926-29=100,.
Brick a n d steel _ _ _ _ _
do
Brick and wood
do
Commercial and factory buildings:
Brick and concrete
do
Brick and steel
do ._
Brick and wood
do
Frame _
_
do ._
Steel
_
do
Residences:
Brick
do
Frame
_
do __
Engineering News-Record:©
Building
1947-49=100
Construction
_ _
do. _.
Bu. of Public Roads— Highway construction:
142
143
143
143
143
143
144
143
143
144
144
144
144
144
714
779
778
670
690
526
714
779
778
670
691
527
715
787
778
674
691
527
716
787
778
674
691
529
717
789
778
674
693
529
719
789
778
674
696
530
720
789
778
674
696
535
722
789
778
671
704
537
723
789
779
671
704
538
727
803
787
679
704
537
728
803
795
681
706
538
730
806
795
690
710
538
731
806
796
691
710
538
732
806
808
691
710
539
310.1
300.3
296.3
310.5
300. 6
296.5
312.2
302.6
298.1
311.4
301. 6
297. 6
312. 0
302. 0
298.0
313.3
302.7
298.9
314. 6
303.2
299. 1
314.7
302.7
298.5
314. 6
302.4
297.9
315. 1
302.7
297.9
315.0
302. 5
297.2
315.0
302.4
297.0
315.1
302. 4
296.8
315.6
302.5
296.4
322. 2
319.6
296.1
293.2
303.8
322.7
320. 0
296. 3
293.6
304.0
324.0
321. 5
298.4
294. 6
305. 1
323. 5
320.9
297.8
294. 1
304.6
324.1
321. 4
298. 2
294. 6
304.9
325. 6
322.6
299. 1
295. 6
305. 6
327.1
322.2
299. 8
296. 0
303. 2
327.7
321.3
299.2
295. 6
301.3
327. 6
320.8
298.8
294. 7
300.5
328.2
321.1
298.9
294.4
300. 8
328.1
321.0
298.5
293. 5
300.8
328.1
320.8
298.4
293.3
300.4
328.2
320. 8
298.2
293.0
300.3
329.0
320.8
298.2
292.2
300.1
297.3
287.2
297. 6
287. 5
299.1
288.8
298.6
288.2
299. 0
288.7
299.9
289.5
300. 5
2S9. 8
300. 0
289.2
299.5
288.5
299. 6
288.3
298.9
287. 5
298.7
287. 3
298.5
287.1
298.2
286. 5
164.0
179.2
164.3
179.4
164. 2
179.5
164.4
179.9
165.5
181.6
165.9
182.5
166.4
183.1
166. 3
183.3
166. 4
183.4
166.0
183.1
165.9
183.2
166. 1
183.3
166. 5
184.2
166.5
184.2
134 4
138 2
133 7
136 6
135 0
CONSTRUCTION MATERIALS
Output index composite unidi 9 ffi 1947 49 100
Seasonally adjusted 9 ©
do
Iron and steel products unadj (B
do
Lumber and wood products unadi (B
do
Portland cement, unadj
do
124.3
144.2
125.4
130.2
344.2
119.4
127.2
125. 6
127.2
112.4
120.8
136. 7
115.6
133.3
96.8
132.4
137. 1
125. 0
142.8
110.9
135.3
133.1
129.0
137.3
162.6
141.7
132. 1
134.1
142. 0
191. 6
145.4
136.3
143. 3
138.6
187.8
127.6
132. 2
125. 0
115.8
191.3
145.6
132. 1
135. 7
142.0
199.0
137.0
131.3
127.7
133.1
186.2
129.6
114.7
120.0
- 129. 8
188.1
117.5
158 0
450, 999
241, 176
417, 016
195, 331
367, 646
169, 641
360, 91 6
173, 143
335, 700
152,633
322, 483
155, 139
364, 909
174, 557
362, 163
160, 340
416, 954
180, 818
425, 124
169, 070
433, 655
162, 077
403, 684
150,404
REAL ESTATE
Home mortgages insured or guaranteed by—
Fed Hous Adm • Face amount
thous of dol
Vet. Adm.: Face amountdo
Federal Home Loan Banks, outstanding advances to
member institutions..
mil. of dol
New mortgage loans of all savings and loan associations, estimated total!
mil of dol
By purpose of loan:t
Home construction
do
Home purchase
_
do
All other purposes
do
New nonfarm mortgages recorded ($20,000 and under),
estimated total
mil. of dol
Nonfarm foreclosures
number
Fire losses
thous. of dol
390, 257
141,867
2,134
1,740
1,628
1, 520
1,558
1,574
1, 770
1,674
1,696
1,736
1,735
1,741
1,981
-1,072
-868
-975
- 1, 144
-1,151
- 1, 232
-1,397
- 1, 268
-1,413
-1,316
- 1, 250
- 1, 140
1,145
'371
-455
-246
-291
-377
-200
-339
- 405
-231
-405
-458
-281
-404
-461
-286
-435
-509
-288
-471
-598
-328
-408
-569
-291
-430
-651
-332
-402
-591
-323
-394
-545
-311
-332
-508
-300
367
456
322
2,487
3,727
96, 444
2,079
3,630
92, 949
2,149
3, 470
96, 782
2,406
4,145
116, 365
2,366
3,918
98, 106
2.500
4,001
86, 940
2, 690
4,514
82, 829
2,528
4,289
82, 998
2,784
4,347
90,037
2,598
4,814
81, 845
2,525
2,378
2,338
92, 730
84, 340
101,903
* Revised.
1 Data according to new series compiled by Census are as follows (thous. units): Total nonfarm (public and private)—Nov. and Dec. 1960 and Jan. 1961, 95.0; 71.9; 70.5; Nov. and
Dec. 1959 and Jan. 1960,104.3; 93.6; 84.3; seas. adj. annual rate, private only—Nov. and Dec. 1960 and Jan. 1961,1,203.0; 975.0; 1,070.0; Nov. and Dec. 1959 and Jan. 1960,1,328.0; 1,401.0; 1,291.0.
(See prior issues of the Survey for comparable 1960 and 1959 figures for April-October.)
§Data for December 1959 and March, June, September, and December 1960 are for 5 weeks; other months, 4 weeks. Contracts in Alaska and Hawaii are included beginning 1960.
cfData for December 1959 and March, May, August, and November 1960 are for 5 weeks; other months, 4 weeks.
JRevisions for Dept. of Commerce construction cost index (prior to 1958) and for new mortgage loans (1955-November 1959) will be shown later.
^Copyrighted data; see last paragraph
of headnote, p. S-l.
©Data 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);
revisions
for
1958-September
1959 will be shown later.
SUEVEY OF CURRENT BUSINESS
February 1901
Unless otherwise slated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1959
December
S-9
19 60
January
February
March
April
May
June
1961
July
A u crust
SeptemOctober November
ber
January
December
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, seas, adjusted:
Combined index
_ ._ ,_ --1947-49=100-Business papers
- do
Masa/ines
- --do _
230
235
180
227
226
182
239
246
189
241
198
238
256
191
245
258
195
243
242
193
247
250
195
236
259
179
235
251
181
246
247
208
234
244
175
do
- do
_ -do. __
1950-52=100
206
121
25
487
202
148
21
471
207
164
26
495
216
155
24
468
209
160
19
473
225
166
23
472
220
171
27
492
203
166
28
547
198
169
25
502
205
164
22
492
203
170
202
166
22
513
Television advertising:
Network:
Gross time costs, totaL _ _- _ _
- thous. ofdol _
Automotive, including accessories _ __do
Druos and toiletries
. _ _
_ -do
Foods, soft drinks, confectionery do
58, 669
3,874
16,631
12, 126
57,718
4,424
17,276
11, 826
55, 578
4, 495
16,875
11,354
58, 603
4. 756
17,357
11,596
55, 923
4,527
14,896
10,782
55. 500
5, 056
15.108
10, 059
52, 971
3, 588
16,175
10.043
55, 778
3,796
14, 508
8,786
50, 867
3,174
16,888
9, 575
5, 595
6,416
14, 028
5,829
7,302
11,061
5,689
6, 126
11,040
6,419
6, 427
12,047
6. 089
6, 486
13,144
5, 755
6,410
13,112
5, 768
6, 651
10, 747
4,377
5, 464
18 848
5, 619
6, 254
9 358
Newspapers
Outdoor
Radio c(network)
Telcvi ion (network)
--
.-
- -
Soaps, cleansers, etc. _ _ _ . _ _ _Smoking materials
_
_ _
All other
Spot (national and regional):
Gross time costs Quarterly
total
Automotive includin 01 accessories
Dru°'S and toiletries
Foods ^oft drinks confectionery
Soaps, cleansers, etc
Pmokin 0 " materials
All other
.-do ..
do __
- do
do
do
do
do
165 732
5, 435
34 542
54, 440
..do
- do
do
18,318
9,023
43 974
do
do
do
- - do
60, 820
3, 444
4, 332
1,101
6 147
8. 905
44, 468
1.786
5,067
1,145
4 314
6,918
69, 130
3,201
7.877
7 515
5, 01 0
3,794
547
2, 365
17,66!
1,893
2, 153
2,748
547
1 , 592
16, 303
-
Magazine advertising:
Cost total
Apparel and accessories
Automotive, incl. accessories
Building materials
Foods, soft drinks, confectionery
_
___ _
Beer wine liquors
Household equip , supplies, furnishings
Industrial materials.— _ __
_ Soap^, cleansers, etc
_
Smoking materials
_ _ _ _ _ _ _ _
411 other
_-do
do
_ _ do _
_ - _ do _ _ .
- -do
_- - d o
- - do
i]60
6
27
50
167 981
6, 102
32 489
54 355
21,569
8 535
46 7^0
20, 449
1 1 . 038
43 548
'r51, 415 63. 264
4, 022
7 177
"14,791
17.385
' 9, 203 11,892
r 6, 234
r 6, 365
10. 800
1195
4
22
37
648
372
290
232
507
6, 225
6,148
14 438
012
664
^82
853
17,407
7 656
34 850
6 392
10,973
78, 529
5,532
8,332
4,254
6 587
11,608
88, 366
6, 534
11,599
5, 446
6 509
10.709
86, 863
6, 548
10, 353
4,839
7 650
10,115
69, 372
2,779
7, 763
3,515
7 762
9,929
51 260
749
5, 639
2 118
6 257
7,816
51 089
5. 265
4, 048
1 905
5 683
7. 541
69 563
8 697
3.215
4 139
6 221
8, 724
98 071
6, 841
14, 739
3 374
8 828
13J 144
82 400
5 182
9, 697
1 Q50
7 407
10, 353
64 714
3 575
5. 341
800
6 440
9 403
3 808
4,238
4, 252
877
2,608
22, 494
3 866
6, 166
4,497
863
1,978
24, 848
4.324
8, 546
5, 657
1.205
2, 093
25, 745
4,594
8,812
5, 929
1,076
2,464
24, 482
3 967
5, 930
5 238
722
1, 981
19, 787
3 344
3 142
3,870
585
2, 092
15, 654
2 6S9
3] 005
3. 531
528
2 082
14, 820
3 857
5' 524
4. 969
704
1,918
21,595
5 ?93
8 253
6, 355
867
2, 259
28, 119
5 771
7 322
4, 865
823
2,517
26 514
7 467
4 4?2
3 529
351
2 611
20 775
2 4]]
4, 061
4,283
5,010
5, 550
5, 492
4,961
4, 002
3 619
4, 457
5,314
5, 914
4 787
4 060
250. 948
Newspaper advertising linage (52 cities), total___do
51.416
Classified
...
- ...do
Display, total
___ __
.__ _ _ _ d o _. 199, 532
212,027
60, 047
151, 980
209, 661
58, 1 00
151, 561
243, 585
61. 127
182, 458
256, 329
65, 827
190,501
273, 697
69, 808
203, 889
250, 556
65,011
185, 545
217, 418
63. 504
153.914
224, 124
63. 563
160. 561
240, 074
60, 905
179,169
265, 798
63, 434
202, 364
256, 625
55, 626
200, 999
238, 724
48 260
190. 464
9,310
- do __
4 985
do
26,
533
do
-do _ - 158,703
10,590
6,420
21,838
113,132
12,187
3 847
25, 833
109, 694
14, 097
4 753
30 496
133,112
17, 092
4 442
31, 448
137, 520
18, 274
4,117
36, 032
145, 465
18, 018
4 796
30 786
131, 945
12 124
4 852
23 240
113. 697
1 1 . 905 12, 253
3 408
3 802
21 977
28 782
123, 271 134, 333
17,012
4 844
36 341
144, 166
13 148
4 343
34 ijq
149, 390
8
4
24
152
Linage, total
Automotive
Financial
General
Retail _
thoas. of lines
_
_ _ _ _ _
_ _ _
_ _
507
610
8^3
545
PERSONAL CONSUMPTION EXPENDITURES
Seasonally adjusted quarterly totals at annual rates:t
Goods and services, total.
- _ __ _ _ bil. ofdolDurable goods, total 9 ___
Automobiles and parts
Furniture and household equipment
Nondurable goods, total 9
Clothing and shoes
- _
Food and alcoholic beverages
Gasoline and oil
Services, total 9
_
Household operation
Housing.. _._
_ _ __
Transportation
_
319.6
323.3
329. 0
328.3
330 8
_ _ _ do _do
do
43.5
17.4
19.2
44.2
18.5
18 9
44.5
18.9
18 7
42.7
17 5
18 3
43 2
18 5
18 0
do
do
do
do
149.6
27.8
79.1
11.3
150 5
27.8
79 5
11.4
153 5
28.3
81 4
11.7
152
28
80
11
do
do
do _ _ .
o
126.6
18.5
41.3
10.1
128 6
18 9
41.9
10.3
130 P
19 1
42.5
10.5
132 9
19 3
43.1
10 5
mil. of dol__
21, 454
216,312
15, 829
17, 419
19, 200
18, 548
18,918
18,066
18, 153
17, 898
18, 648
6, 025
2,723
2,456
267
2 5, 097
3, 025
2, 856
169
5,232
3,129
2,964
165
5.830
3, 586
3,402
184
6,369
3, 755
3, 527
228
6,414
3,688
3, 465
223
6 637
3 735
3.494
241
5 793
3 097
2,869
228
5,970
3,221
3,003
218
5,633
2 863
2,661
202
6 032
3 232
3,027
205
1,229
748
481
781
485
296
797
509
288
807
516
291
838
548
290
875
569
306
918
575
343
861
540
321
901
581
320
886
563
323
922
601
321
981
692
289
699
524
175
720
542
178
789
588
201
996
732
264
1,055
789
266
1,124
853
271
1,053
802
251
1, 096
859
237
1,041
802
239
1 051
814
237
211,215
931
199
363
203
166
10, 597
792
153
320
178
141
_
.
d
7
2
7
7
152
27
81
11
9
6
5
8
134 7
19 6
43 8
10 5
RETAIL TRADE
All retail stores:
Estimated sales (unadjusted), total
Durable goods stores 9 _ _ _ _ _ _
. _ _ _
Automotive group
Motor-vehicle, other automotive dealers
Tire, battery, accessory dealers
do do
do
do _
Furniture and appliance group _. _ __ do
Furniture, homefurnishings stores
do
Household-appliance, TV, radio stores. _ do
Lumber, building, hardware group
_ do___
Lumber, building materials dealersd".-- do __..
Hardware stores _
do
* 18, 385
T
5 833
r 3 174
r
2, 976
r
22, 251
T ft 178
r 3 Q28
931
607
'324
r 945
'723
r 222
15,691
3 4 f,97
3 2 71Q
2, 756
272
r 198
r
r
3
r
l 141
3 6S5
701
440
916
611
305
12 273
12 183
12 265
12 616 r \ 2 552 r 1ft Q73 3 if) 994
T i 954
3 gft9
999
943
1 130
1 170 r I 17ft
173
187
175
212
228
433
442
393
369
468
757
M63
r
212
234
268
288
301
505
199
233
187
202
184
259
r
Revised.
1 Not comparable with data
through 1st quarter 1960 due to change in estimating procedures; figures comparable with 1st quarter 1960 are as follows (thous. dol.): I960—
2
2d quarter, 174,245; 3d quarter, 135,013.
Beginning January 1960, data for Alaska and Hawaii are included.
3 Advance estimate.
t Revised series. Revisions for 1957—March 1959
appear on p. 17 of the July 1960 SURVEY.
9 Includes data not shown separately.
c? Comprises lumber yards, building materials dealers, and paint, plumbing, and electrical stores.
Nondurable goods stores 9
do
Apparel group
do
Men's and boys' wear stores
_ - do _
Women's anparel, accessory stores.. - - do
Family and other apparel stores
do
Shoe stores
_ _ _ _
_ _ do .-
15, 429
1 975
432
776
497
270
11, 589
946
163
380
224
179
12, 831
1,348
222
526
313
287
12, 134
1,072
193
435
238
206
12 281
1 083
221
405
249
208
SURVEY OF CURRENT BUSINESS
8-10
I960
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
December
February 1001
JanuFebruary
j ary
March
July
June
May
April
I%1
August
Novem- J DecemSe
ber m ' October
ber ! ber
January
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
A l l retail stores — Continued
Estimated sales (unadjusted)— Continued
Nondurable goods stores— Continued
Drug and proprietary stores
mil. of dol
Eating and drinking places
-_do
Eood group
do
Grocery stores
_ _
_ do.
Gasoline service stations
do
1 , 350
4,698
4,158
1,437
620
1,219
4,319
3, 853
1, 356
604
1.141
4,079
3,634
1, 286
603
1,210
4, 380
3,919
1,388
607
1, 304
4, 601
4,127
1,457
611
1,377
4.379
3,909
1,489
603
1,413
4,517
4,035
1, 525
607
1,493
4,704
4, 216
1,587
613
1, 476
4,423
3, 948
1, 568
608
1.389
4, 531
4, 069
1, 471
627
1,376
4,529
4,057
1,506
r
806
'608
' 1, 302 Tr 1.357
' 4, 445 5.128
' 3, 966 'r 4. 5X9
1,506
' 1,455
do
do
do
do
do
3, 552
2, 056
249
682
614
1,492
866
106
230
353
1,433
809
117
245
347
1. 678
974
137
262
359
2, 080
1,217
148
343
383
1, 846
1,074
141
298
375
1,891
1,114
134
307
386
1,700
969
116
294
420
1, 913
1.091
153
318
400
1,928
1,134
148
309
398
2,080
1,237
163
322
404
T 2, 226
Estimated sales (seasonally adjusted), total.. do
17,485
2 18, 090
18, 100
18,234
18,911
18, 480
18, 504
18,107
18,190
18, 054
18, 540
••18,401
Durable goods stores 9
do
Automotive group
do
Motor-vehicle, other automotive dealers do
Tire battery accessory dealers
do
5,328
2, 667
2, 457
210
2 5, 891
3, 230
3, 003
227
6 040
3,398
3,181
5, 937
3, 458
3. 250
208
6, 303
3,582
3, 350
232
6, 080
3, 375
3, 157
218
6, 010
3, 353
3,142
211
5, 687
3,005
2,796
209
5, 779
3.211
3,016
195
5, 797
3,176
2. 971
205
6, 093
3,405
3, 203
202
rr 5, 939
3, 348
r
3, 1 50
• 198
Furniture and appliance group
do
Furniture, homef urn ish ings stores
do
Household-appliance, TV, radio stores. .do
903
570
333
916
917
581
336
868
544
324
926
595
331
918
584
334
88?
562
320
907
577
330
875
558
317
899
578
321
898
581
317
Lumber, building hardware grcup
Lumber, building materials dealerscf
.Hardware stores
988
773
215
967
727
240
1 , 003
912
999
738
989
743
983
739
944
981
728
253
953
723
230
917
686
231
947
718
229
1 2, 1 99
I, 164
230
12 06°
i 119
215
4°
12 120
1,119
> )-<
4 1
1' 411
1 i iJ
222
U>(
206
12,257
1, 122
210
447
256
;7
J14
900
12.447
1.110
' 200
450
259
195
632
637
4. 529
4. 045
1 , 48->
General merchandise group 9
Department stores, excl. mail-order
Mail-order (catalog sales)
Variety stores
Liquor stores
do
do
do
Nondurable goods stores 9
_ . _ .
Apparel group
Men's and boys' wear stores
Women's apparel accessory stores
Family and other apparel stores
Shoe stores
.do
do
do__ .
do
do
do
12,157
344
2
1,1 :,o
219
454
451
682
°'*0
241
37
L01
- _ _.do_... .
f•i 2
627
f '^
. _ _ _ _ do.._ .
do
..
do
4,3f'3
1, 395
1 12
>r
t1 ii i
General merchandise PTOUp 9 ,
Department stores, excl. mail-order
Mail-order (catalog sales)
Variety stores
Licjuor stores
Estimated inventories, end of month:
Bookv.'mie (unadjusted), total... _ _
Durable goods stores. __
_
Nondurable goods stores
A pparel group 9
Men's and boys' wear stores
Women's apparel accessory stores
Shoe stores
_
Drug and proprietary stores
Eating and drinking places
.
Furniture homefurnishings stores
General merchandise group 9
Department stores, excl. mail-order. ..
Variety stores
Grocery stores
Lumber, building materials dealerscf
Tire, battery, accessory stores
1, 449
f _>
61 )
t 19
2'f
i
!
• "* ^
1 4 1
< U
i j
-U>2
i <M
1 11 i
MX
"1
14(>
l"»
(
03 '
4
* <><>
-i 1 ( 6
] \\
i 9 >
1 1
] 19
2 i>3
1 1_ i l
{
o )
"i'^O
39
1 123
_ do_. _
do
- do. _
do
do
1.991
1,157
147
393
1 , 1 55
140
320
393
do
do
do
23, 370
23. 660
24, 640
12,710
1 2, 4X0
12, 850
24,310
10. 980
4 2 HO
2 010
2, 330
24. 490
1 1 , 260
4 540
1,990
2. 350
do
do
do
do
13, 330
2 780
2, 940
4 280
do
0, 249
do _
5, 480
do
do
do
do _
461
42
205
122
do
do
do
12 100
1 11,
n
1
4
(
>
I-.S
>(
}
<>"M
i
i 1t
-i 0 *
1 -IT*
i iuO
4,425
3, 969
1. 466
1 )78
1 '27
1 3
3i3
IIS
1 , 972
1, 141
151
328
404
2, 020
1 , 1 ( <7
158
321
397
r 1, 306
222
^331
r421
r 3 588
r
2. 073
257
684
646
r 5. 561
3, 000
2 783
21 7
r
845
'r 542
303
849
541
30>
r
r 91-!
917
6X5
232
<• 12,4^2
^12. n < >
9?N
' 1 11 8
'' i I /'
r
443
1 'J3
iV24
'3' '3
i 12'3
'1,4C4
1,497
' 1 . 967
1.^1
1,1 5(>
1,"')
25, 800
25, 790
25, 800
25, 340
25, 100
24, 960
25. 020
25, 890
r 26, 380
LM,3'V
13, 570
13, 500
13. 440
13. 160
13'. 110
13. 480
13. 980
14, 340
''14,580
1 2. 9' 0
24.810
11, 590
4 870
2,020
2, 340
25, 120
11. 64!)
4 OfvO
2.010
2,310
24, 960
11,680
4 970
2. 030
2, 290
25, 200
11,760
5 100
2, 020
2, 300
25, 320
11.820
5. 140
2. OHO
2,310
25, 420
11.900
5, 1 SO
2 090
2, 280
25. 200
i 1 . 650
4, 920
2, 100
2,270
25, 340
11. 760
5 070
2, 060
2, 290
25, 360
11,900
5 240
2, 030
2,290
' 25, 420
' li,<'.30
2', 430
2 O'O
2,270
i'"'90
2. 'J. 0
13, 240
2 740
2, 960
4, 250
13, °20
2 7°0
2, 980
4, 230
13, 48')
2 790
3, 050
4, 290
13,330
9 710
3, 09
070
4 0
13,440
2 730
3, 060
4 280
13, 500
2 740
3, 040
4,360
13, 510
2 750
3, 040
4, 390
13, 550
2 780
3. 040
4,420
13 580
2 790
3, 020
4, 410
13. 460
2 780
3, 000
4. 320
M3. 490
2 7^0
2, 990
r
4, 370
13,
.'40
0
810
3, 040
4,3'H)
2
3, 987
3,817
4.289
4, 932
4, 479
4, 650
4,552
4, 556
4, 757
4,904
' 4, 970
6, 800
2
3, 468
3,289
3,687
4, 253
3,848
4, 009
3, 930
3,916
4. 075
4, 145
4, 199
5, 784
191
16
75
64
169
12
70
56
219
15
91
70
337
23
136
117
209
17
108
83
260
20
107
87
91
69
229
14
102
75
270
15
110
94
276
20
119
82
Til
22
122
77
455
38
206
119
160
81
44
101
76
25
96
73
34
99
78
38
104
84
36
102
85
37
106
86
41
106
91
35
104
90
38
106
84
38
109
87
41
107
82
45
170
83
43
do
do
do
do _ _
-.do _
do
2, 220
1,241
533
1,794
58
106
903
543
174
1,670
46
63
870
502
188
1, 553
46
62
1,035
616
204
1,690
51
69
1, 306
782
270
1, 796
64
87
1,154
690
232
1,622
71
88
1, 205
733
241
1,690
76
94
1, 081
646
227
1, 792
73
88
1,225
711
247
1,624
78
84
1,221
730
237
1,764
73
77
1,316
795
246
1, 706
75
81
1,411
820
257
1,672
65
79
2 264
1,271
530
2, 023
54
108
do
3, 939
2
0
i
r 1,11S
If')
' 334
r
418
r
S ( '")
ll.^H)
3, 992
3,893
3,954
4,092
4,005
4,105
4,108
4,079
4, 099
4,090
4,065
4, 054
267
20
116
81
269
21
112
88
260
19
108
84
251
18
104
84
270
20
114
86
257
19
107
82
260
19
110
82
258
19
109
79
274
20
114
85
267
19
113
85
267
18
118
83
262
18
114
82
251
17
110
76
108
78
37
108
83
31
105
81
37
102
80
38
109
87
37
105
85
38
109
83
41
110
86
40
109
83
38
111
83
39
112
84
38
113
84
39
113
83
37
1,280
1,293
1, 205
1,220
1,166
1,211
1,238
1,261
1,262
1,305
General merchandise group 9
do
704
675
765
732
698
724
788
724
747
Department stores excl mail-order
do
264
252
253
255
260
264
251
266
255
246
Variety stores
do_ _.
1,664
1,694
1,736
1, 710
1,715
1,651
1,724
1,687
1, 740
1.688
Grocery stores
__
do
64
64
59
66
66
64
63
68
66
65
Lumber, building materials dealerscf
do __
82
80
88
80
81
82
83
83
78
84
Tire, batterv. accessorv stores _ _
do __
r
2
Revised.
i Advance estimate.
Beginning January 1960, data for Alaska and Hawaii are included,
9 Includes data not shown separately.
materials dealers, and paint, plumbing, and electrical stores.
1,279
771
248
1,709
66
83
1 222
702
254
1,744
65
81
1,213
709
241
1,759
64
79
Estimated sales (seas adj ), total 9
Apparel group 9
Men's and bovs' wear stores
Women's apparel, accessory stores . _
Shoe stores
Drug and proprietary stores
Eating and drinking places
_
Furniture homefurnishings stores
do
do
_ do __
do
do
do
do
,
i 1 _ °45
"• 4, 006
T
41J
-i-)" 1
5 430
1M
1
'Vu
1 UN
1
1
2<)7
129
10J
lim
i 1.422
1821
l.Ov*
- 97 i >
' 63 3
i 595
1.270
4. 227
i1 3. 786
1.367
1
1
' 17, 977 U7.675
2 Of i
1,185
i 1
o i
±H
Book value (seas arM ), total
do
Durable goods stores 9
do
\ utomotive group
do
Furniture and appliance group-.
do
Lumber, building, hardware grouD . . d o ....
Nondurable roods stores 9
A.ppirpl 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
t
3 SS6
1, 423
i 5
27)
1 9
12 i9J:
1 1C)
215
137
2 0
203
1 IfiX
i ><)
2 {
•jco
212
/i ^
-)--,
-}1
i2 ( ( X
1
271
212
Drug and proprietary stores . _
Food group .
Grocery stores
Gasoline service stations
783
cf Comprises lumber yards, building
SURVEY OF CURRENT BUSINESS
February 1961
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1959
S-ll
1961
1960
Janu-
Decem-
ary
ber
February
March
April
May
July
June
DecemAugust SeptemOctober November
ber
ber
January
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Department stores:
Accounts receivable, end of month :J
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
\tlanta
Boston
Chicago
Cleveland
Dallas
Kansas City
- -
---
-
214
460
178
446
161
435
170
431
168
426
164
424
151
415
151
406
162
415
171
422
184
431
244
479
47
15
45
14
45
14
48
16
44
15
44
15
48
15
45
14
47
15
46
15
47
15
48
15
48
15
44
42
14
43
41
16
42
42
16
42
43
15
43
43
14
43
42
15
43
42
15
44
41
15
43
42
15
42
43
15
41
43
16
42
43
15
44
42
14
1947-49=100-.
260
111
106
115
150
138
137
122
132
145
153
171
f P 262
-do
do
do
do
-- do
do
325
251
233
139
99
101
105
135
115
137
93
95
105
122
105
149
95
108
113
143
119
194
133
139
144
172
154
173
124
130
135
159
150
165
123
129
131
156
146
165
95
113
116
156
140
170
106
123
128
165
154
172
131
136
140
159
159
187
132
143
145
176
164
206
155
158
167
190
181
P 329
98
108
108
112
111
121
99
102
102
105
102
121
105
107
113
114
110
126
139
137
153
165
150
153
127
127
134
143
144
145
133
130
134
139
134
147
1C9
101
108
129
119
142
132
109
114
135
134
154
144
138
141
154
142
152
152
147
149
169
152
156
r 154
P 237
167
178
182
r 246
--
__ _ _
Minneapolis
N"ew York
Philadelnhia
Pichmond
St Louis
San Francisco.- _ _
249
455
-
-
Minneapolis
New York
Philadelphia
Richmond
Rt Louis ?
San Fr;inc' sr'o
291
266
230
245
257
' 288
250
281
P 250
p 284
177
P949
p282
r p 147
r 166
146
146
142
138
154
141
145
149
143
144
P'O
149
185
129
134
' 143
180
131
134
139
171
156
175
130
127
136
163
144
162
122
125
139
164
142
192
134
145
144
181
164
176
125
132
139
159
150
183
129
134
139
170
154
194
125
141
143
175
159
178
194
134
134
169
151
185
126
132
140
166
154
189
129
140
144
172
164
179
129
129
136
163
157
p
p
p
p
p
p
187
128
137
142
171
160
-do
- - do . _
-do
do
_-do _
do _ -
133
135
140
156
143
158
137
135
146
123
126
134
140
131
157
147
144
151
168
159
159
133
131
136
144
143
153
137
135
144
140
144
153
136
135
142
156
144
159
132
137
136
149
140
155
134
136
139
153
138
155
138
140
145
162
149
160
r 137
150
156
135
133
143
149
134
158
131
136
150
139
152
P
P
P
P
p
p
138
135
136
154
149
159
do_. _
do
145
161
H-i
161
152
160
105
102
165
159
103
161
157
105
158
167
165
169
176
168
186
167
1 9°
P 151
P 1 67
nil. of dol__
do.
do
13.0
11.3
11.4
12.5
12. 2
4.1
4.2
7.2
4.5
4.6
12.3
4 6
8. 0
7 6
12.8
4 8
80
11.6
4 2
7 3
13.0
4 7
8°
12.7
4 6
81
12.8
4 5
8 2
' 12. 9
7. 2
8 6
12.5
4 o
8 5
do
do
.._-. - _ -do_. -
12.6
6. 4
12.7
12.7
6.5
6.2
6.7
6.0
12.9
6. 9
12.9
0 9
6.0
C..O
12 9
7 0
5. 9
13 0
7 o
5 9
13 1
7 0
6 1
13 2
6 9
6 3
13 6
6 9
67
T 13 o
6 8
T
6 8
13 1
6 5
6 6
-
- -
-
-- -
Stocks, t ^ t ' i U.S.. end of month:
UiM-li'"-""^!
So'"!coi ; ilv ad] lifted?
170
155
1 56
p 108
p249
J'238
P254
^293
p275
do
-
_ __ _
'256
do
do - .
do
- do
- do . _
-- do _
g^los seasonally adjusted total U.S. 9
- --
__
do
- -- __do
- do
- - do
do _
do_-_
-
_ _ -
Atlanta
Boston
Chicago
Cleveland
Dallas
I\ansas CHy
__
__
_„
169
P 149
WHOLESALE TRADE
Sales, estimated (unad].), total
Durable goods establishments
Nondurable goods establishments
Inventories
estimated (unadi ) total
Dnrabl 0 foods establishments
Nondurable goods establishments
4.6
8.4
6.2
12 9
70
5.9
r 4 3
EMPLOYMENT AND POPULATION
POPULATION
Population, United States (incl. Alaska and Hawaii):
Total, incl. armed forces overseas§
thousands. _ 179, 161
179,388
179, 594
179, 787
ISO, 004
180,217
180, 439
180, 670
180, 936
181. 232
181,519
181, 778
182, 018
124,034 ' 124,606
124, 716
124, 839
124, 917
125,033
125, 102
125 288
125 499
125 717
125 936
126 222
126 48^
70, 970
70, 993
72, 331
73, 171
75, 499
75, 215
74, 551
73, 672
73, 592
73, 746
73, 079
i 72, 361
68, 449
64 520
4,619
59, 901
3,931
68, 473
64, 267
4, 505
59, 702
69, 819
66, 159
5, 393
60, 765
3, 660
70, 667
67, 2C8
72, 706
72, 070
68, 282
71 155
67 767
71, 069
67' 490
6] 247
61. 244
3 579
71, 213
67 182
5, 666
61 516
4 031
70 549
66 009
4', 950
61 059
4 540
1 ^q 637
5,837
61,371
3,459
73, 002
G8, 579
6, 856
61, 722
4, 423
5.7
5.2
r 5_ 1
4.9
r 5. I
6. 1
4. 8
6. 1
T 5_ 5
r 5 4
5 0
5 7
r' A
0.O^
6 4
6. 8
i 7 7
^ 6. 6
52 476
53 403
i 54 3(y_j
53, 303
P 51 j 548
P l^' 572
P 8' 909
P Q, 663
182.257
EMPLOYMENT
Noninstitutional population, estimated number 14
vears of age and over totaled
thousands
Total labor force, including armed forces
Civilian labor force, total 0
_ __
Employed
Agricultural employment
Nonagricultural employment _ _ _
Unemployed
Percent of civilian labor force:©
Unadjusted
Seasonally adjusted
Not in labor force
_
1
do
71, 808
do
do
do
do
do
69, 276 1 68, 168
65, 699 i 64, 020
4, 81 1 1 4, 61 1
60, 888 i 159, 409
4, 149
3,577
_ _ _
--thousands-
Employees on payrolls (non agricultural estab.):
Total, unadj. (excl. Alaska and Hawaii) A-thousandsManufacturing
__
_ - _ _ - _ _ do. Durable goods industries
do
Nondurable goods industries
do
Mining, total . _ _ _ _ _
_ do _
Metal
do
Anthracite
do
Bituminous coal
__.
do
Crude-petroleum and natural-gas production
thousands..
Nonmetallic mining and quarrying
do
70, 689
4,206
()8, 689
6, 885
61, 805
4' 017
M54
6^588
61, 828
3, 788
61, 179
3 388
5. 5
55
5. 3
58
4. 8
5 7
5.2
*6. 1
5 5
r 1 5. 3
52, 225
i 53,917
53, 746
53, 845
52, 587
51, 862
49, 663
50, 074
50, 948
52. 045
52, 344
52, 078
52, 060
16, 520
9, 680
52, 172
16 478
9, 630
52, 957
16,348
53, 309
16, 422
52, 923
16, 250
53, 062
16, 386
9^296
7,090
53, 496
1 6, 505
9,' 403
7, 102
53, 391
16, 313
9,' 305
53, 756
r
r
r
a o
D. O
6, 907
16,470
9,640
6,830
6,848
52, 844
16, 380
9, 548
0, 832
6,918
9,342
6,908
668
70
16
174
658
73
16
173
669
89
16
173
666
93
14
172
677
95
13
109
677
96
12
167
681
97
12
164
655
94
11
140
672
95
11
156
663
94
12
151
656
297
112
291
105
288
104
285
103
287
113
286
116
292
117
292
118
292
118
289
117
285
117
16,484
9,577
6,840
9,516
6,832
9,504
7,008
no
yo
12
150
53, 133
r lg 129
T
9^ 235
r 6, 894
r
(347
Qfl
yu
^j
r
r 15 g3Q
r 9' 059
r 6, 771
T
Q30
oy
; QA' 452
1
4, 634
1 r v q' ^> j o
5
5, 385
A9Q
pv o/y
OQ
1
1Uo
147
145
285
114
286
109
'Revised, p Preliminary, i See note marked "rf1". t Revised beginning August 1959 to include data for Hawaii. 9 Revisions for January 1947-December 1959 for department store
sales and stocks, total U.S., seasonally adjusted, appear on p. 20 of the January 1961 SURVEY; revisions for the individual Federal Reserve districts will be shown later ^Effective with the
January 1961 SURVEY, estimates are based on the 1960 Census; for comparable revised figures (August 1957-October 1959), see "Current Population Reports" P-25 No 223
cf Data beginning January 1960 include figures for Alaska and Hawaii; see the December 1960 SURVEY for January 1960 estimates for those States.
'
'
^ T^. ,n*n m *
_.„ „- ^^ -„ j _ x _ x
i.^..,.,
.-,
., -r
,
,,,
.
.
,
. nad j usted ) ? see pp ^ and 23 of the April 1960
a^s.:.,„,
". Department of Labor).
February 1961
SURVEY OF CURRENT BUSINESS
S-12
1960
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
December
January
February
March
April
May
June
1961
July
DecemOctober NovemAugust September
ber
ber
January
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Employees on payrolls of nonagricultural est., unadjusted — Continued
Contract construction
thousands..
Transportation and public utilities 9
- - do
Interstate railroads
do
Local railways and bu^ lines
do
Trucking and warehousing
do
Telephone
do
Gas and electric utilities
do
2, 699
3,940
920
91
897
701
576
2, 453
3.882
901
91
876
698
574
2, 389
3,887
900
91
878
699
574
2,312
3,900
904
91
883
700
568
2, 590
3,917
910
91
881
703
574
2, 830
3,924
914
91
880
704
575
2.977
3,942
920
91
887
707
582
3,098
3,939
912
91
879
714
589
3, 130
3,921
905
90
877
714
585
3.069
3,907
876
91
892
708
585
3,006
3,889
869
88
902
704
579
' 2, 847 ' 2, 546 p 2, 362
' 3, 868 ' 3, 846 p 3, 773
852
851
89
89
898
882
702
700
578
577
Wholesale and retail trade. __ _ _ _
Wholesale trade
Retail trade 9
General merchandise stores
Food and liquor stores
Automotive and accessories dealers
do
do
_ do _.
do
do
do
12, 345
3, 155
9,190
2, 025
1, 663
815
11,424
3,113
8,311
1, 465
1,630
800
11,329
3,114
8,215
1,402
1,635
801
11,325
3,111
8,214
1. 404
1.634
801
11,620
3.120
8, 500
1,511
1. 649
815
11,543
3,111
8,432
1,466
1,649
819
11,637
3,129
8,508
1, 462
1,656
827
11,591
3,138
8,453
1,433
1,660
824
11, 592
3,153
8.439
1, 452
1,641
820
11,665
3,153
8,512
1, 504
1, 641
815
11, 742
3,162
8,580
1,554
1,652
813
Finance, insurance, and real estate
Service and miscellaneous 9
Hotels and lodging places
Laundries
Cleaning and dyeing plants
Government
__ .- --
do
do
do
do
do
- do__ -
2,438
6, 547
463
309
173
8, 635
2,429
6,474
453
307
172
8,288
2,439
6,484
460
306
170
8,343
2,444
6,511
459
305
169
8,536
2, 463
6, 644
479
308
177
8, 553
2,469
6,717
497
312
179
8,449
2,496
6,745
524
315
181
8,409
2, 530
6,715
592
316
176
8,145
2, 536
6, 685
591
310
171
8,140
2,515
6,698
509
307
175
8,474
2, 501
6,698
466
306
180
8,586
52, 674
16, 436
9,542
6, 894
52 880
] 6, C62
9 655
6,907
52, 972
16 567
9, 667
6.900
52, 823
16 509
9, 603
6. 906
53, 128
16, 527
9, 552
6, 975
53, 105
16,540
9, 537
7,003
53, 140
16,498
9,499
6,999
53, 145
16,417
9,452
6,965
53, 046
16, 265
9,338
6,927
52, 998
16, 275
9,391
6,884
52, 809 ' 52, 591 '52,215 p 52, 342
16, 132 ' 16.030 ' 15 784 p 15 668
9,266 ' 9, 190 ' 9, 026 p 8, 925
6,866 r 6, 840 ' 6, 758 p 6. 743
665
2, 800
3,917
11,486
2, 450
6,613
8, 307
658
2,775
3,941
11,594
2, 454
6, 606
8, 290
669
2,781
3,933
11,627
2,464
6, 61 6
8,315
666
2,601
3, 920
11,595
2. 456
6.577
8, 499
684
2, 752
3, 924
11, 652
2, 4f>3
6,011
8, 515
684
2.783
3,927
11,675
2, 469
6,618
8, 409
678
2,790
3,926
11,712
2,471
6,645
8,420
658
2, 858
3,910
11,736
2,480
6,682
8,404
665
2, 835
3,892
11, 764
2,499
6,652
8,474
660
2,800
3.879
11, 665
2, 515
6, 665
8.539
656
'644
'636
p629
2,804 r 2, 783 r 2, 641 p 2, 672
3,879 ' 3, 858 ' 3, 824 p 3, 830
11,668 '11, 568 '11,538 p 11, 720
2, 514
' 2, 512 ' 2, 518 p ° 522
6, 632 ' 6, 665 ' 6, 6S4 p 6~! 668
8,524 r 8, 531 ' 8, 590 p 8, 633
12,466
7, 173
74
12. 449
7,230
74
12,494
7, 268
75
12,435
7, 205
75
12, 334
7, 123
74
12,292
7,084
73
12, 332
7, 056
72
12, 145
6,888
72
12 265
6, 833
72
12, 399
6. 949
74
12, 226 ' 12, 037 '11,749 p 11, 512
6, 863 ' 6, 786 ' 6, 614 p 6, 480
72
74
p73
' 73
584
286
328
452
1, 039
561
277
327
443
1,048
561
277
328
445
1,052
556
275
443
1, 043
509
282
327
448
1,020
592
289
324
452
993
617
296
327
456
970
606
291
321
450
924
607
293
327
452
910
598
285
328
449
905
581
276
327
442
891
528
532
532
526
511
495
469
439
431
418
409
395
841
1, 166
892
1,172
593
422
116
232
393
857
1,179
892
1,239
658
416
121
230
379
863
1,191
890
1,245
675
412
109
231
388
854
1,186
879
1,221
652
407
110
230
392
837
1, 176
860
1,187
023
398
113
230
395
836
1,159
855
1,174
616
388
115
228
397
840
1, 154
859
1,127
615
348
111
228
405
817
1,130
850
1,105
574
358
119
223
389
819
1,112
861
1. 036
509
365
1.18
226
410
835
1,104
877
1, 135
597
367
119
225
418
834
1,087
839
1,149
614
366
119
223
418
'817
'1,085
'867
'1,147
610
372
117
222
'406
-
Total, seas. adj. (excl. Alaska and Hawaii) A- -do
Durable goods industries
Nondurable goods industries
Mining
__ _
Contract construction
Transportation and public utilities
Wholesale and retail trade
Finance, insurance, and real estate
Service and miscellaneous _
do
do
do
do
do
do
do
_ _ _ _ do _
.
Production workers on manufacturing payrolls, unad j. :
Total
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
Primary metal industries
_ _
do
Blast furnaces, steel works, and rolling mills
Fabricated metal productscf
Machinery (except electrical)
Electrical machinery _ _
_
Transportation equipment, 9
_
Aircraft and parts
Ship and boat building and repairs
Instruments and related products
_
Miscellaneous mfg. industries--..
do
do
do
do _
do
do
do ..
do
' 12, 401 p 11, 548
' 3, 163 ' 3, 169 p 3, 125
' 8, 679 ' 9, 232 p 8, 423
1,655
2,019
1,659
1,682
814
826
' 11, 842
' 2, 499 ' 2, 505 p 2, 497
' 6, 665 ' 6, 617 p 6, 535
455
447
304
302
179
177
' 8, 636 ' 8, 919 p 8, 632
' 547
264
320
431
'870
'515
251
'311
' 41 5
'852
P501
p303
P406
p838
382
'796
'1,080
' 844
' 1, 128
597
371
116
r 217
'383
p777
p 1,071
p828
p 1,099
p213
p371
5,211
5, 450
5,208
5 432
5,363 ' 5, 251 ' 5, 135 p 5, 032
5, 293
5,219
5,230
5,276
5, 257
5,226
Nondurable goods industries
do
954
960
1,064
934
967
1,171
1,015
1,112 '1,036
990
939
1,142
P945
'986
Food and kindred products 9
do
232
241
248
234
236
243
249
248
245
242
246
243
237
Meat products
do
325
254
152
219
188
136
134
151
173
297
150
157
134
Canning and preserving
do
162
164
163
161
161
164
165
165
163
161
163
162
161
Bakery products
do
97
69
94
82
81
68
69
78
68
81
71
p74
76
'77
Tobacco manufactures
... __ do. _
861
850
840
859
832
860
863
848
867
863
867
'818
p807
860
Textile mill products 9
. . .
do
356
351
368
367
365
360
360
349
368
365
370
348
367
Broadwoven fabric mills
do
203
206
196
197
201
197
201
198
190
195
205
191
189
Knitting mills
do
1,094
1,082
1,079
1,091
1.079
'1,079 '1,052 p 1.024
1,118
1,085
1,060
1,107
1, 103
1,111
Apparel and other finished textile prod.__do
452
448
449
444
445
451
447
446
452
451
449
'437
p436
446
Paper and allied products- _ _
do
225
222
222
221
222
223
222
223
226
223
226
219
222
Pulp paper and paperboard mills
do
578
'584
562
568
567
568
573
585
571
568
572
p 572
'579
565
Printing, publishing, and allied industries. .do
537
551
538
536
547
537
'533
540
538
537
540
532
537
P526
Chemicals and allied products
do
207
209
206
206
211
211
210
207
208
209
210
207
208
Industrial organic chemicals
do
150
154
154
154
155
153
154
150
'147
155
156
pl44
145
155
Products of petroleum and coal
_
_ do .
115
114
116
113
117
118
117
116
116
116
117
113
117
Petroleum refining
do
198
198
192
196
'193
208
208
201
198
198
208
p 190
209
'191
Rubber products _ _ _ _ _ _
_.
do..
321
318
332
317
315
322
331
329
328
323
'319
p314
329
'317
Leather and leather products
__do
Production workers on mfg. payrolls, seas, adj.:
12, 176
12, 048 '11,937 '11,702 p 11, 603
12, 472
12, 462
12, 476
12,321
12, 158
12,417
12. 536
12, 407
12, 537
Total
thousands
6,937
6,824 ' 6, 740 ' 6, 579 p 6, 494
7,244
7,179
7,126
7, 106
7,051
7,000
6,875
7,137
7,255
Durable goods industries
do
5,239
5,224 ' 5, 197 ' 5, 123 p 5, 109
5,292
5.283
5,346
5,356
5,321
5,283
5,370
5,280
5,282
Nondurable goods industries
do Production workers on manufacturing payrolls:
Indexes of employment:
100.2
100.6
98.2
98.8
'97.3
99.7
99.4
99.2
100.5
99.7
100.8
'95.0
p93. 1
101.0
Unadjusted
1947-49=100
98.4
97.4
99.6
'96.5
101.4
100.8
100.9
98.3
100.4
100.8
100.3
'94.6
101.4
P93.S
Seasonally adjusted
do
Miscellaneous employment data:
Federal civilian employees (executive branch) :
2
2
2
2,213. 3 2, 213. 9 2, 192. 9 2, 188. 9 2, 188. 9 1 2, 478. 0
United Statesf
. thousands-- 12,500.1 2, 158. 7 2, 160. 5 22,339.7 22,342.9 2,2 220. 2 2,212.9
2
213.6
211.9
218. 1
218.5
212. 2 2 212. 2
217.9
214.0
' 214. 6 1 222. 1
210.0
i 217. 5
210.9
Washington D C metropolitan area
do
Railroad employees (class I railroads):
817
782
834
787
'764
813
824
828
824
826
816
P731
P759
812
Total
_
_ __ _ .thousands. .
Indexes:
59.4
61.8
62.2
62.0
58.9
57.6
61.2
62.7
61 5
60.9
61.7
60.9
p 56.9
p 55. 1
Unadjusted
1947-49=100
60.4
59.3
62.6
61.4
60.7
60.1
'58.9
P58.2
P54.6
60.4
61.3
61.7
63.0
61.0
Seasonally adjusted
do
' Revised.
p2Preliminary.
1 Includes Post Office employees hired for Christmas season; there were about 307,100 such employees in the United States in December 1959 and 292,800 in
December 1960.
Includes the following number of persons hired for the decennial census: Total U.S., 180,000 (March); 181,100 (April); 53,700 (May); 15,600 (June); Wash., D.C. area, 680
(March); 910 (April); 340 (May); 240 (June).
9 Includes data for industries not shown.
cfExcept ordnance, machinery, and transportation equipment.
ATotal employees, incl. Alaska and Hawaii (thous.): 1960—November, 52,825; December, 52,447; 1961—January, 52,570.
^Employees in Alaska and Hawaii are included effective with
January 1959 and August 1959, respectively. For all branches of the Federal Government, civilian employees in Alaska (at the end of January 1959) totaled 13,200 persons and in Hawaii (at
the end of August 1959) 21,900 person.
SUKVEY OF CURRENT BUSINESS
February 1061
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
December
S-13
19 60
January
February
March.
April
May
June
1961
July
August
Septem- October Novem- December
ber
ber
January
EMPLOYMENT AND POPULATION—Continued
INDEXES OF WEEKLY PAYROLLS
r
r
214.8
175.4
110 5
185 4
175 5
105 4
180 2
173 9
104 4
176 1
172 6
106 5
207.9
168. 8
108.7
230. 5
171 5
107.8
246 9
172 5
108 4
262.8
169 0
103.3
267.9
169 2
104. 5
259.4
172 5
101.6
258.4
170 5
101.6
40 6
2 7
41.1
2.7
41 8
40 3
2 8
41.0
2.9
41.3
39 8
2 6
40 4
2.7
41 1
39 7
2 5
40 3
2.5
41 5
39.3
2.1
39.9
2.1
40.8
39 9
2.4
40.4
2.4
41.3
40 0
2 5
40.4
2.4
40.8
39 8
2 4
39.9
2.3
40.0
39 8
2 4
40.0
2.3
40.0
39.6
2.5
39.9
2.5
40.5
39 7
2 5
40.2
2.4
40.4
40.2
40 7
41.8
41 0
41.1
39.3
39 7
40.3
40 4
41.1
39.4
39 4
40.3
40 2
40.3
38.8
39 0
39 1
39 9
40.1
39.9
40. 6
39.9
40.3
39.4
40.1
40. 9
40.1
40.9
38.9
40.5
41 0
40.2
41.0
38.9
39.3
39.9
40.0
40.8
38.7
39.6
40. 2
40.8
41 0
38.1
39.9
40.2
40.5
40. 5
38.0
39.6
39.8
40.4
40.9
37.9
41.2
41.4
41.7
41 0
41.2
41.2
41.3
40 7
40.0
40 5
41.0
39 9
39
40
41
40
9
5
2
1
39.3
39.9
40.8
39.2
38.1
40.8
41.3
39 9
37.7
40 9
41.2
40 1
37.2
40 5
40.9
39.3
36.6
41.0
40.5
39 9
36.5
40.7
40.3
40.1
36.3
40.5
40.5
40 3
40.7
40 9
41.0
39 1
41.3
40.6
42.0
43 7
40.6
38 9
40.6
40.1
40 8
41 5
40 6
39 2
40 2
39. 9
40 6
40 8
40 8
39 4
40 8
40.3
39.7
39.5
40.1
39. 5
40. 1
39. 2
40.9
41 1
41. 0
40 1
40. 5
39. 9
40.5
40 6
40.8
39 7
40. 7
39.9
40.2
40 0
41.1
39 3
40.4
39.4
39.6
38 8
40. 9
39 5
40.5
40.0
40.2
40. 6
40.6
37.4
40. 1
39.5
41.1
41 6
41.0
39 4
40.5
40.1
_
39 8
2.7
41.1
42.4
38. 5
40. 2
39.4
2.6
40.6
42.2
38.4
39.4
39 0
2.5
39.6
39 2
37.8
39 7
38 8
2 4
39.7
39 1
37. 5
39 9
38. 6
2 9
39.8
39. 4
37.7
39.9
39 3
2.5
40.6
40.8
38.7
40. 3
39 5
2.5
40. 6
40. 7
37. 7
40.8
39 6
2.6
41.1
41.2
39.5
40 9
39 5
2.5
41.2
41.2
40.9
40.4
39. 1
2.6
41.6
41.5
42.2
40.3
39 0
2.5
41.0
41.1
40.0
40.5
38. 4
40.3
4!. 5
37.3
36. 1
40 1
41.2
37.4
34 8
39 4
40 7
36.5
30. 0
39. 6
40. 6
37.3
38.1
40 1
41.0
38.3
39. 3
40 2
41.1
38.6
37.6
39 7
40.6
38.4
37.9
39 7
40. 3
38.6
40.3
38.3
38.7
37.6
40.5
38 8
39.3
37.9
r
_.
39.7
40. 8
42.0
38.1
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. 5
42 7
43.9
39.0
36.0
42 5
43.8
38.3
36.2
£>. 1
43 5
38.0
35.8
42 1
43 4
38.2
35.1
41.8
43.1
37.8
36.3
42 5
43 6
38.4
36. 3
42 6
43 7
38.1
36.4
42 5
43 8
38.2
36.7
42 5
43 6
38.3
35.4
42. 3
43.4
38.6
35.5
4? 3
43 4
38.4
41 9
4? 9
'38.2
Chemicals and allied products
Industrial organic chemicals
Products of petroleum and coal
Petroleum refining
Rubber products
Leather and leather products
41.9
41.9
40. 6
40. 6
40 8
37.7
41.3
41.3
40.2
40.0
40 7
37.9
41.3
41 3
40.3
40 2
40 0
37 2
41.3
41 3
40. 3
40 2
39 4
37 1
42.1
41.9
40.8
41.0
38.3
35. 4
41.6
41.8
40. 7
40 9
39 7
36 3
41.9
42.2
41.1
40. 8
40 6
37.8
41.6
41 9
41.5
41 2
40 6
38 4
41.3
41 2
40. 7
40 3
39 9
38 1
41.3
41.1
41.3
41. 1
39.0
35.9
42.1
42.2
34 2
40.9
40.7
42.5
31 8
38.7
39 9
40.8
97 2
37^3
40 8
42.0
36 9
38.8
41.1
42.7
29 2
37.4
41 0
42.7
29 6
36. 4
41 2
41.3
33 9
37. 1
41
41
34
37
5
4
0
3
40 7
41.6
34 4
35.0
40.5
43.3
41.1
41.8
39.9
41.2
40.4
41.1
40.7
43. 8
41.0
43.9
40.4
45.2
40.9
45.0
36. 7
39.4
36.1
35.1
37.5
34.6
35.0
38 2
34.3
35.0
39 1
34.2
36. 9
41.1
35.9
36. 9
40 7
35.9
37.4
41 6
36. 3
42.9
39.2
40.9
42.3
38.8
40.9
42.5
39.2
40 6
42.7
39.1
40 7
42.7
38.9
40.8
43.2
39.2
40.8
Construction (construction workers). __ 1947-49=100 .
Manufacturing (production workers)
do
Mining (production workers)
__
do
227. 1
166 2
97. 0
197 2
!6Q 7
r
r
» 157 4
96 6
HOURS AND EARNINGS
Average weekly gross hours per worker on payrolls of
nonagri cultural establishments:
All manufacturing industries
hours
Average overtime
do
Durable eoods 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 productscf
do
Machinery (except electrical)
do
Electrical machinery
do
Transportation equipment 9 ... Motor vehicles and equipment
Aircraft and parts
_ __
Ship and boat building and repairs
Instruments and related products
Miscellaneous mfg. industries
Nondurable goods industries
Average overtime
_
Food and kindred products 9
Meat products
_
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
do
do
do
do
do
do
... do ...
do
do
do
Non-manufacturing industries:
Mining
do
Metal
__
__
_. _ do .
\nthracite
do
Bituminous coal
___
do
Petroleum and natural-gas production (except
contract services) .. _. _
hours
Nomnetallic mining and quarrying. _ __ do _..
Contract construction
do
Nonbuilding construction
do
Building construction..
do
Transportation and public utilities:
Local railways and bus lines.
_
._ do
Telephone... _ _ _ _ _ _ _ _ _
do
Gas and electric utilities
do
Wholesale and retail trade:
Wholesale trade.
do
Retail trade (except eating and drinking places) 9
hours. _
General merchandise stores..
_ do
Food and liquor stores . .
do
Automotive and accessories dealers
do
Service and miscellaneous:
Hotels, year-round
.
. do
Laundries
do
Cleaning and dyeing plants.
do _
Average weekly gross earnings per worker on payrolls
of normgri cultural establishments:
All manufacturing industries
dollars
Durable goods industries _
do _
Ordnance and accessories
_ do
Lumber and wood products (except furniture)
dollars. .
Sawmills and planing mills
do
Furniture andfixtures. _
.
do
Stone, clay, and glass products
do
Primary metal industries
„
do
Blast furnaces, steel works, and rolling mills
dollars. _
* Revised.
p Preliminary.
9 Includes data for industries not shown separately.
T
r
r
r
r
39 3
2 2
39.6
2.0
40.8
* 38 6
2 0
r
39. 1
38.4
38 9
39. 6
40 7
37.4
r
1.9
MO 4
r
35.5
39 9
40.1
40 0
38. 2
38 6
39 8
39 6
p 38 6
p 1 9
P 38.9
p 1.8
p 40 6
P38.1
r 37. 2
p 39. 0
p 40 0
"37.1
35.5
39 2
39. 9
39 1
p 39 0
p 39. 9
p 39 3
T
r
r
T
40 2
40 2
41.1
38 4
40. 6
40.0
r
39 8
3<> 5
41 1
38 3
r
39.1
* 38. 4
p 38 7
38 8
2.3
40. 5
41 2
36.4
40 5
r
38 0
2 1
40. 2
40 8
36. 6
39 6
p 38 2
p2 0
p 39.9
37. 7
39 0
39 4
37.5
r
38 7
38 1
39 1
35.9
p 37 3
p 37 8
r
35.3
r
r
33. 5
41 1
42 5
'37.6
*>34.3
p 41 4
41.2
40 8
40.7
40 6
39 8
35 9
41.4
41 2
r
40 4
40 7
r 39 2
r
36 4
r
p40 9
40.1
41.6
30 8
33.2
40 3
40.6
34 5
34.1
39
40
34
32
40.3
44.9
41.0
44.2
40.8
44.4
40 7
42.5
40 3
41.1
37 8
42 2
36 7
37.9
42 3
36.7
37.2
42.0
36.0
37.8
42 6
36 6
35 3
38 6
34 5
34 2
37 5
33 5
43.5
39.4
40 8
43 2
39.8
40 9
43.2
39.5
40 8
42.9
40.8
41.8
42 6
40.0
41 2
42 8
40 4
41 2
43 2
39 3
41 4
T
r
r
r
3
2
5
1
40
40
T
40
40
T 3g
T
35
9
9
5
7
5
8
39
40
34
33
3
1
6
7
40.5
40.0
39.8
39.9
40.1
40.2
40.3
40.6
40.5
40.4
40.3
40.2
40.0
37.4
33.7
35.4
43.8
37.4
33.7
35 2
43.7
37.4
33.8
35.3
43.8
37.7
34.5
35.6
44. 1
37.4
33. 7
35.3
43.9
37.8
34.3
35.9
44.1
38.2
35 0
36 4
44.1
38.3
34.9
36 2
44.1
37.6
34.0
35.6
43.9
37.4
33 7
35 3
43.7
37
33
35
43
37
35
35
43
40.0
39.7
39.5
40.1
39.2
38.2
39.7
39 1
37.7
40.0
38 9
37.9
39. 6
40.0
40.8
39.9
39 9
39.4
40.0
39 9
39.9
40 0
39 8
38 6
40 2
39 4
37.6
39.7
39 4
38.5
39 9
39 7
39 3
39 7
39 2
38 7
92. 16
99. 87
109. 10
92 29
100. 86
108. 21
91 14
98 98
107. 68
90 91
98.74
108. 73
89. 60
97. 36
106. 49
91 37
98 58
107. 79
91 60
98 98
107.30
Ql 14
97 76
105 20
90 35
97 20
105. 60
91 08
98 15
108. 14
91 31
98 89
108 27
80.40
78. 14
77.33
92.25
77.03
75 83
74. 56
91.30
78. 01
75 25
74.56
90. 85
77. 60
75 27
72. 73
90.57
80. 20
77. 95
73.82
91.08
81. 40
78 94
74.19
92. 84
83.84
81 18
74 77
93. 07
81.35
79 00
74 40
93. 02
81.97
80 00
75 89
93. 89
84.19
80 00
75 74
92. 75
81.58
77 61
75 55
94. 07
117.14
117.96
115.26
114.29
112.29
109. 70
109. 70
108. 75
106. 68
106. 78
106. 12
127. 72
128. 54
123. 60
122. 89
122. 22
116.21
115. 74
113. 83
110.53
110. 60
109. 63
r
5
7
6
8
r 90 39
97 4'>
109 34
104.72
106.86
p37. 6
p 49 6
p 38 7
p 37 4
7
2
3
8
39 8
38 5 _ _ _
37 3
r
r gg 55
r gg 97
108 68
r
77.18
74 30
r 74 05
r
94. 02
r
p 38 9
p 39. 3
r
38. 2
36. 5
35.7
43.8
cfExcept ordnance, machinery, and transportation equipment.
r
T
p 89 55
P 96 08
p 108 81
76. 02
79 95
T 74 g2
r
91. 48
p 74. 68
105. 28
p 105. 74
109. 34
p 73 39
p 92. 40
SURVEY OF CURRENT BUSINESS
S-14
1960
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
December
BUSINESS STATISTICS
February 1961
January
February
March
April
May
June
1961
July
DecemOctober NovemAugust September
ber
ber
January
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Average weekly gross earnings per worker on payrolls
of nonagri cultural establishments— Continued
All 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
- doShip and boat building and repairs
do
Instruments and related products
- - do
Miscellaneous mfg. industries
do_ _
99.77
105. 92
93. 07
110.70
113.29
109.88
102. 44
96.23
78. 76
100.94
105. 32
92.80
115 92
124. 11
108.40
101.92
94.19
78.20
98. 42
104. 55
90.97
111.79
1 1 6. 62
108.81
102.31
94.07
77.81
98.42
105. 47
91.43
110.84
113.83
109. 34
103.62
95. 88
78.18
9fi. 56
104. 04
88.98
107. 59
108. 23
107. 07
103.49
93.43
76. 05
99.96
106.14
91.37
111.66
113.85
110.29
105.46
94.77
77. 41
100. 21
105. 88
92.23
110.97
112.87
1 10, 57
105. 60
95. 65
77.41
99.63
105. 11
90.39
110. 15
111.20
110. 97
106. 90
95. 75
76.44
100. 45
103.68
91.77
108. 90
108. 64
110.84
108. 23
95.99
77.60
100. 94
103. 57
93.03
112. 96
116.52
111.24
103. 97
95.44
77.03
100. 04
98.15
104. 49 'r103. 46
93.09 r 93. 20
112. 16
115.49
119.39
113.77
112. 61
111.93
109. 53 r105. 98
96. 63
95.99
78.20
78.40
81. 19
88. 78
104. 73
68.15
8£. 22
80.77
88.91
104. 66
68. 74
83. 92
79. 95
86. 33
95. 26
69.17
84. 56
79.93
86. 94
95.01
69. 75
85. 39
79. 52
87. 16
95. 74
69. 75
85.79
81 . 35
88.91
99 55
70.05
87. 05
82.16
88.51
98.90
67. 86
88. 54
82.37
89.60
100. 94
70. 71
89.16
81.77
88.58
99.70
74. 03
88.48
81.72
89.02
102. 51
74.69
89.06
81. 51
88.97
101.11
72.00
89.51
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
67. 49
64.87
65, 52
56, 77
55. 85
95.22
104. 48
106.86
66. 05
64.48
64.74
56. 32
55.44
95 ^
104. 24
104. 56
61.37
64.16
64. 27
56. 47
56. 1 1
94. 73
103.97
104.12
59 86
63. 83
65.12
55.48
55. 85
94. 30
103 29
105.05
64. 80
63. 76
64. 96
55. 95
53. 70
93. 63
102. 15
103. 95
68.58
65. 36
66. 01
58 22
55.90
96. 05
104. 64
106.37
71. 53
65. 53
66. 58
58. 67
55. 90
97. 13
106. 19
105. 54
68.43
64.31
65.37
57. 60
56.42
97.33
106. 87
106. 20
64. 81
64. 31
64.88
58. 29
57. 62
97. 75
106.82
106. 09
63. 27
62. 05
61.92
57. 15
55. 93
98.14
107. 20
108.08
65.21
63.24
62. 88
57.99
56. 45
97.71
106. 76
107. 14
65. 60
63.18
62. 65
57.38
r
55. 77
r
96. 37
105. 53
r
106. 96
Chemicals and allied products
Industrial organic chemicals
Products of petroleum and coal
Petroleum refinintr
Rubber products
Leather and leather nroduets
do-.
do
do
do
do
do
102. 66
109.78
117.74
121.80
101. 59
61.07
101.60
108.21
116.98
120.40
102. 16
61.78
101.60
108.21
116.87
120. 60
100.00
60. 64
102.01
108. 62
116 87
120.20
97. 71
60.84
104. 41
112.29
119. 54
124. 23
94. 00
58. 06
103. 58
110.77
118.C3
123.11
100.04
59.90
105. 59
112.67
119.60
123 22
102. 72
62.37
106. OS
113.13
121.18
124. 84
103. 53
62.98
104.90
1 10. 42
117.62
120. 90
100.15
62. 48
104. 90
110.97
120. 60
124. 53
98. 28
59. 24
104. 24
110.16
117.62
121.80
101.49
59. 59
105. 16 r 104. 30 p 104. 30
111.65
110. 84
'117.97
'118. 67 p 120. 18
122.91 r122. 91
r
99. 57
98. 18 p 98. 30
' 60. 42 r 59. 07 p 62. 08
._ do - do. __
do
114. 51
111.41
94.73
135 38
111.11
113.05
88. 09
127 32
108.13
107. 71
76.16
121 Q7
110. 98
111.30
09 91
127. 26
111. 38
113.58
80. 88
122. 30
110.70
114.01
82. 2C
119.03
110.83
110.27
93. 23
121.09
111.22
111.37
93. 50
121.60
108.67
111.49
94. 26
114. 10
107. 47
112.74
84. 39
108.23
108. 41
110.43
95. 22
111.51
105. 32
108. 54
94.46
104. 33
106. 11
109. 07
95. 15
109. 8G
113.81
96. 13
117.81
113.47
119.13
116.72
Q9 38
113.72
108.00
114.87
112.12
91.46
113.75
111.16
114.22
113 52
92. 89
115.50
116 91
115.60
115.18
98. 55
119. 19
117.%
119. 19
116.03
98. 78
119.56
118.03
1 1 9. 91
113.52
101. 70
121.18
121.06
121.24
116.16
102. 60
123. 61
124. 91
123. 68
112, 44
102. 37
124.31
126. 90
123. 68
116.44
101.66
123. 13
126. 42
122. 40
115.87
102. 12
125. 50
128. 65
125. 17
115. 18
98.18
117.20
114. 64
117.99
113.65 .........
94.94
115. 60
114.75
115.91
96.10
87. 42
107.98
95. 60
86.14
108.39
97.33
87.42
107. 59
97. 78
87 58
108. 26
97.78
86. 36
108. 94
99. 79
87. 81
109.34
1 00. 92
88. 26
109.34
100. 22
89. 95
110.02
100.22
89. 27
110. 16
99. 96
95. 47
115.37
98. 83
92. 00
112.89
99. 72
92. 92
113.30
101.95
91.18
114.26
91.94
90.80
90. 35
91.37
91. 83
92.46
93. 09
94. 19
93. 56
94.13
93. 90
93. 67
92.80
66. 09
50. 01
69. 26
86.29
66. 95
48. 19
69. 38
88.04
66. 95
48. 1 9
69. 34
87.40
66 95
48. 33
69.89
88.91
67. 48
48. 99
70. 13
91.73
67. 69
48.87
70.60
90.87
68. 80
49. 74
72. 16
91.29
69. 52
50. 75
73. 16
91. 29
69. 32
50. 26
72. 76
89.96
68. 43
49. 30
72.27
88. 24
68. 44
48. 87
72. 01
89. 59
68. 25
48. 53
73. 69
89.79
67.11
49. 28
71.66
88.48
do_
68. 81
69. 93
69.94
69.56
69. 94
69.75
69. 75
70.31
69. 75
69.75
70. 69
70.31
70.31
do
do
do_
48. 40
47. 24
54.91
48.12
47.04
53. 10
47. 64
46. 92
52.40
48.00
46. 68
52.68
47.52
48.00
57.94
48.28
48.68
55.95
48. 80
48. 68
57. 06
48.80
48. 56
54.43
49.04
48.07
53. 02
48.83
48.46
54.67
49.48
48.83
56.20
49.23
48 2%">
54.57
49. 75
47 36
52. 59
2.27
2. 20
2.43
2.35
2. 61
2 29
2.21
2 46
2.37
2.62
2.29
2.21
2 45
2.37
2.62
2.29
2 22
2. 45
2.38
2.62
2.28
2. 44
2.38
2. 61
2.29
2.22
2,44
2.37
2. 61
2.29
2. 22
2.45
2.38
2. 63
2.29
2.22
2. 45
2.38
2.63
2.27
2.21
2.43
2.37
2.64
2.30
2.23
2.46
2 39
2^67
2.30
2.23
2.46
2.39
2.68
2.30
2.24
2.46
2.39
2.68
2.00
1.92
1.85
2.25
2. 85
1.96
1.91
1.85
2.26
2.87
1.98
1.91
1.85
2.26
2.86
2.00
1.93
1.86
2.27
2.85
2.01
1.92
1.85
2.26
2.85
2.03
1.93
1.85
2.27
2.82
2.07
1.98
1.86
2.27
2.82
2.07
1.98
1.86
2.28
2.81
2.07
1.99
1.86
2.29
2.80
2.11
1.99
1.87
2.29
2.81
2.06
1.95
1.87
2.30
2.80
2.01
1.91
' 1.87
'2.31
'2.80
3.10
2.41
2.54
2.27
3.12
2.45
2.55
2.28
3.09
2.43
2.55
2.28
3.08
2.43
2. 56
2.28
3.11
2.42
2.55
2.27
3.05
2.45
2.57
2.29
3.07
2. 45
2.57
2.30
3.06
2.46
2.57
2.30
3.02
2.45
2.56
2.30
3.03
2.48
2.57
2.32
3.02
2.47
2.58
2.31
3.01
2.46
'2.58
2.33
2.72
2.77
2.68
2 (52
2! 33
1.94
2.76
2.84
2.67
2 62
2.32
1.95
2.74
2.81
2.68
2. 61
2.34
1.95
2.73
2. 79
2.68
2. 63
2. 35
1.94
2.71
2.74
2.67
2 62
2.33
1.94
2.73
2.77
2.69
2.63
2.34
1.94
2.74
2.78
2.71
2. 66
2.35
1.94
2.74
2.78
2.70
2.72
2.37
1.94
2.75
2.80
2.71
2.74
2.37
1.94
2.81
2.87
2.74
2.78
2.38
1.95
2.81
2.87
2.73
2.78
2.37
1.95
2.79
2.83
2.74
2.76
2.38
1.96
2.09
2.02
2.14
2.47
1.77
2.21
2.09
2.03
2.17
2. 46
1.80
2.21
2.10
2.04
2.20
2.48
1.78
2. 22
Nondurable goods industries
Food and kindred products 9
Meat products
Canning and preserving
Bakerv products
Nonmanufacturing industries:
MininpMetal
Anthracite
---
do
do
- do
do
- - do_
_ ._
Petroleum and natural-gas production (except
contract service^)
dollars
Contract construction
Nonbuildinp
construction
Buildine r construction
_
__
-do.
do
-- do _-
Transportation and public utilities:
Local railways and bus lines
do
Telephone
do
Has and electric utilities
do
Wholesale and retail trade:
Wholesale trade
do
Retail trade (except eating and drinking
places) 9 _
_ _ _ .dollars
General merchandise stores
do
Food and liquor stores
_
- do
Automotive and accessories dealers
do
Finance, insurance, and real estate:
Banks and trust companies^
Service and miscellaneous:
TTotols voar-round
Laundries
Cleaning and dyeing plants
Average hourly gross earnings per worker on payrolls
of nonagri cultural establishments:
All manufacturing industries
- dollars
Excluding overtimo^
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 o~lass products
do
Primary metal industries
- do
Blast furnaces, steel works, and rolling mills
dollars-.
Fabricated metal products cf
... - do
Machinery (except electrical)
do
Electrical machinery
do
Transportation equipment 9
Motor vehicles and equipment
A ircraft and parts
_.
Ship and boat building and repairs
Instruments and related products
Miscellaneous mfg. industries
- -
- do
do
- do ..
do
do
do
2.06
2. 06
2.08
2.07
2.04
2.07
2.08
2.05
2.05
Nondurable goods industries
do
2.01
2.09
2.01
2. 01
2.02
2.01
1.97
1.99
1.98
Excluding overtime§
.
do
2.19
2.18
2.19
2.19
2.15
2. 1 6
2.18
2.19
2.18
Food and kindred products 9
do
2.43
2.43
2.42
2.44
2.43
2.45
2.47
2.48
2.43
Meat products
do
1. 80
1.81
1.85
1.81
1.79
Canning and preserving
do
1.77
1.79
1.83
1.86
2.17
2. 19
2.15
2.16
2.18
Bakery products
do.—
2.12
2.13
2.13 i
2.14
r
Revised.
* Preliminary.
cfExcept ordnance, machinery, and transportation equipment.
9 Includes data for industries not shown separately.
{Revised, series (first shown in September 1959 SURVEY); data beginning January 1958 are calculate I on a dif ferent bas is and arc* not strictly
December 1957.
§Derived by assuming (hat overtime hour? are paid at the rate of time and one-half.
81.48
89. 10
102.18
64.79
89.91
r
r
' 97. 22 p 97. 11
'r103. 74 p 103. 74
92. 28 p 92. 36
Mil. 44 p 107. 59
111.79
113.44
107. 24
' 94. 23 p 93. 75
' 76. 03 p 78. 21
r
80. 18 p 80. 98
' 89. 24 p 89. 78
101.18
67. 34
88.31
*• 69. 27
' 61. 72
62. 1 7
54. 57
r
52. 60
r
95. 35
104. og
r
105. 66
T
2.32
2.26
2. 48
2.42
2.69
p 66. 77
p 61. 61
p~54.~19~
p 96. 05
p 105. 66
:...::
p 2. 32
p2.47
p 2. 68
'1.99
pl.96
1.89
'1.88 "VI." 88"
2.31
p 2. 31
2.83
p 2. 85
3.08
2. 48
"P 2. 49"
2.60
P2.60
' 2. 36 p 2. 35
r
'2.80
2.83
2.76
2.80
'2.41
'1.98
2.11
2.05
r 9 9O
P2.78
~"p2~ir
pl.99
p 2. 12
~"p-2~2~i
2 48
1.84
2.23 _..
comp[irable wit h publish ed figures through
SURVEY OF CURRENT BUSINESS
Februni-v 1901
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
Decem-
ber
S-15
1960
Janu-
ary
Febru-
ary
March
April
May
June
1961
July
August
Septem-
ber
DecemOctober November
ber
January
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Average hourly gross earnings per worker on payrolls
of iionagri cultural establishments— Continued
All manufacturing industries—Continued
Nondurable goods industries— Continued
Tobacco manufactures
- dollars
Textile mill products 9
do
Broad woven fabric mills
do
Knitting mills
do
Apparel and other finished textile prod
do
Paper find allied products
. -do
Pulp, paper, and paperboard mills
do
Printing, publishing, and allied industries. -do
Chemicals and allied products _
do. ._
Industrial organic chemicals
do
Products of petroleum and coal
do
Petroleum refining
._ - do _ .
Rubber products
do
Leather and leather products
- do
Nonmanufacturing
industries:
Minin 0 "
Metal
Anthracite
--- -Bituminous coal
Petroleum and natural-gas production
contract services)
- ._ _
Nonmetallic mining and quarrying
Contract construction
_
Nonbuildinp construction. _ _ _
Build ing construction
do
-- do
- do _
- do
(except
dollars
do
- do
do
do
Transportation rind public utilities:
Local railways and bus lines
do
Telephone
do
Gas and electric utilities
- -- do _
Wholesale and retail trade:
Wholesale tndo
_ _
do
Retail trade (except eating and drinking places) 9
dollars.- General merchandise stores
do
Food and liquor stores
_ _ _.do..
Automotive and accessories dealers
do
Service and miscellaneous:
Hotels, vear-round
do
Laundries
do
Cleaning and dveing plants
do_ Miscellaneous wage data:
Construction wages (ENR): §
Common labor
dol. per hr
Skilled labor
do
Equipment operators
- do
Farm wages, without board or room (quarterly)
Railroad wages (average, class I)
- do. __
1.70
1 . 59
1. 56
1.49
1. 53
2.23
2.38
2.74
2.45
2.62
2.90
3.00
2.49
1.62
1.72
1.60
1.56
1.51
1.54
2.24
2.38
2. 73
2.46
2.62
2.91
3.01
2.51
1.63
1.70
1 60
1.56
1.51
1.55
2.25
2.39
2.74
2.46
2.62
2.90
3.00
2 50
1.63
1.72
1.62
1.60
1.52
1.56
2.24
2.38
2.75
2.47
2.63
2.90
2.99
2.48
1.64
1.80
1.61
1. 60
1.50
1.53
2.24
2.37
2.75
2.48
2.68
2.93
3.03
2.47
1.64
1,80
1.63
1.61
1.52
1.54
2.26
2.40
2.77
2. 49
2, 65
2.90
3.01
2.52
1 . 65
1.82
1.63
1 62
1.52
1.54
2.28
2.43
2.77
2.52
2.67
2.91
3.02
2. 53
1.65
1.82
1.62
1.61
1.50
1.55
2.29
2.44
2.78
2.55
2.70
2.92
3.03
2. 55
1.64
1.71
1.62
1.61
1.51
1.57
2.30
2.45
2.77
2.54
2.68
2.89
3. 00
2.51
1.64
1.57
1 62
1.60
1.52
1.58
2.32
2.47
2.80
2.54
2.70
2 92
3.03
2 52
1. 65
1 61
1 63
1 60
1 53
1.59
2 31
2.46
2.79
2.53
2 70
2 89
3.00
2 55
1 66
2.72
2.64
2.77
3.31
2.73
2. 66
2.77
3.29
2.71
2.64
2.80
3.27
2.72
2.65
2 76
3.28
2.71
2. 66
2.77
3.27
2.70
2.67
2. 78
3.27
2.69
2.67
2 75
3.28
2.68
2. 69
2.75
3.26
2.67
2.68
2.74
3.26
2 68
2 71
2.74
3 26
2
2
2
3
69
72
76
27
9
2.81
2.22
3.21
2.88
3. 30
2.84
2. 21
3.24
2.88
3.32
2.81
2 22
3.25
2.91
3.33
2.81
2.26
3.30
2.99
3.38
2.83
2.25
3.23
2.87
3.32
2.83
2.25
3.24
2.90
3.34
2.81
2 25
3.24
2.91
3. 34
2.84
2.28
3.27
2 96
3.37
2.79
2 28
3.28
3.00
3.37
2.84
2.30
3.31
3.01
3.40
2 84
2.30
3 32
3.02
3.42
9
83
2. 31
3
3?
9
Q7
3.42
2. 24
2.23
2. 04
2.26
2 22
2. 65
2.29
2.23
2.65
2.29
2.24
2. 66
2.29
2. 22
2. 67
2.31
2.68
2. 32
2 24
2.68
2.32
2.26
2. 69
2.32
2.26
2.70
2.33
2 34
2 76
2.32
2 30
2 74
2.33
9 30
2 36
9 39
9$
9 7(]
2.27
2,27
2.27
2.29
2. 29
2. 30
2.31
2.32
2.31
2.33
2 33
9 33
2 30
1.73
1. 37
1.94
1.97
1.79
1.43
1. 90
2. 01
1.79
1.43
1.97
2.00
1.79
1. 43
1.98
2.03
1.79
1.42
1.97
2.08
1.81
1 . 45
2. 00
2.07
1.82
1. 45
2.01
2.07
1.82
1.45
2. 01
2.07
1.81
1.44
2. 01
2.04
1.82
1 45
2 03
2.01
1.83
1 45
2 04
2.05
1.82
1 44
9' 07
2.05
1.78
i 40
9 03
2. 02
1.21
1.19
1.39
1. 20
1. 20
1. 39
1.20
1.20
1.39
1.20
1. 20
1.39
1.20
1. 20
1.42
1.21
1.22
1.42
1.22
1.22
1.43
1.22
1 22
1.41
1.22
1.22
1.41
1.23
1 93
1 42
1.24
1 93
1 43
1.24
1 93
1 41
1 41
2. 627
3. 942
3. 500
2. 638
3.948
3. 563
2. 638
3. 950
3. 572
2. 642
3. 950
3. 582
2. 645
3. 958
3. 598
2 672
3. 976
3. 604
2. 706
4. 020
3. 635
2. 724
4. 050
3. 664
2. 734
4.063
3. 695
2 739
4 087
3 712
9 739
4 090
3 718
9 745
4 095
3 744
2. 575
1 05
2. 601
1 95
2. 612
2.568
1.03
2. 585
1.92
2. 588
2. 581
1 02
2.621
2 11
2. 592
2.645
.90
2. 650
2 21
2. 646
3.8
1.3
3.1
.9
1.7
3.6
1.9
2.9
1.0
1.3
2.9
1.7
3.0
1.0
1.5
2.7
1.5
3.7
1.0
2.2
2.8
1.4
3.6
1. 1
2.0
3.2
1.7
3.3
1.1
1.6
3.9
2.3
3. 3
1.1
1.7
2.9
1.7
3.6
1.1
2.0
3.8
1.9
4.3
1.5
2.2
3.8
1.9
4.4
1.9
2.0
2.8
1.5
3.8
1.0
2.2
'•2. 3
r
1.0
'3. -9
.7
r
p3. 9
p .6
112
23
200
65
250
70
270
85
370
110
400
150
425
190
325
150
300
155
225
140
250
120
140
70
95
70
285
101
1,430
325
140
1,000
400
145
1,250
430
140
1, 500
530
190
1,500
600
295
1,750
650
285
2, 750
575
250
2. 150
550
250
2,000
425
210
1, 750
450
170
1. 750
375
110
1,000
300
80
850
r
I
74
r 1 79
1 69
1 59
1 53
r
1.58
2 30
2.46
'2.80
2 54
2 71
9 99
3.02
9 54
1 66
1 69
1 59
1 52
1.57
2 32
2.47
-2.81
2 55
2 71
* 2 °3
3 O9
(ft
9 70
2 79
9 7^;
P 1 79
p 1 63
P 1.58
P 2 39
P2.81
P 9 55
p 9 QfJ
r 9 55
P 9 54
r
V
2 70
2 73
3 95
1 65
\
fjfj
3 9^
9 g9
2 31
3 38
3 06
3. 46
1 °5
9 7d"
4 099
4 118
3 736
1 08
LABOR CONDITIONS
Labor turnover in manufacturing establishments:
Accession rate total
mo rate per 100 employees
New hires
do
Separation rate total
do
Quit
. do
Lavoff
do
Industrial disputes (strikes and lockouts):
Beginning in month:
Work stoppages
_
number
Workers involved
thousands
In effect during month:
Work stoppages
_.
number..
"Workers involved
thousands
Man-days idle during month
do
EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
N on farm placements
. thousands
Unemployment insurance programs:
Insured unemployment, all programs 1 9
do
State programs:!
Initial claims
do
Insured unemployment, weekly average,
do
Percent of covered employment^ 1
Beneficiaries, weekly average
thousands . .
Benefits paid
mil. of dol_Federal employees, insured unemployment
thousands- _
Veterans' program (UCX):*
Initial claims
do
Insured unemployment, weekly average. ._do
Beneficiaries, weekly average
__do
Benefits paid
'
mil of dol
Railroad program:
Applications
thousands
Insured unemployment, weekly average.. .do
Benefits paid
._.. _ _ _
_. .mil. of dol.-
2.7
P 1.8
p .7
p 0 0
432
418
412
450
511
534
537
491
556
584
517
430
378
2,008
2, 359
2, 326
2, 370
2,078
1,801
1, 700
1, 826
1, 804
1,781
1, 839
9 925
2, 845
1 , 645
1, 841
4.8
1,545
219. 5
1 , 621
2, 180
5.6
1,814
235. 2
1 , 265
2, 1 57
5.5
1 , 879
247.8
1,387
2, 209
5.7
1,981
287. 1
1, 232
1, 939
4.9
1.792
237.4
1, 162
1.682
4.3
1,494
204. 9
1, 197
1, 588
4.0
1,447
198. 9
1,426
] , 686
4.3
1,392
183. 8
1,407
1, 657
4.2
1, 399
206.3
1 206
1. 598
4.0
1.418
201. 8
1, 393
1,678
4.2
1, 395
189.9
1,744
2.039
5. 1
1, 603
231.1
9
175
2, 639
6 6
2, 069
300 2
33
38
39
38
33
30
,29
30
30
28
30
33
-35
31
53
50
7.0
31
61
57
7.4
27
61
59
7.6
29
61
59
8.3
23
54
55
7.0
22
45
45
6. 0
27
45
44
6.0
30
49
43
5.5
32
52
48
6 8
19
48
6 4
29
50
45
5 9
33
-59
52
7 0
36
' 71
64
8 6
15
105
19 2
12
78
16.6
o
59
63
13.4
6
54
10.4
45
7.9
6
39
7.5
81
61
7.4
31
65
12. 1
99
107
18. 5 I
90
69
13.8
23
95
16.0
PlOO
82
15.2
p 3, 516
P 3, 266
p8 1
p 40
p 86
p 124
r
Revised.
p Preliminary.
9 Includes data not shown separately.
§Rates as of February 1, 1961: Common labor, $2.765; skilled labor, $4.119; equipment operators, $3.747.
fBeginning with the October 1959 SURVEY, data are revised to include operations in Alaska and Hawaii; figures for State programs are also revised to exclude Federal employees'
program (shown separately below). Total insured unemployment includes the UCV program (not shown separately) through Jan. 31, 1960 (expiration date).
cfRate 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
1959
December
February 1061
1960
January
February
March
April
May
1%1
July
June
August
Septem- October Novem- December
ber
ber
January
FINANCE
BANKING
Open market paper outstanding, end of mo.:
Bankers' acceptances
mil. of dol
Commercial and finance company paper, totaL-do
Placed through dealers
- do
Placed directly (finance paper)*
do
1, 151
3,118
627
2,491
1,229
3,889
664
3,225
1,240
4, 085
718
3,367
1,366
4,320
805
3,515
1 , 336
4,269
888
3,381
1,263
4,492
920
3,572
1,382
4,459
1,021
3.438
1,561
4,652
1,116
3,536
1 656
4,920
1, 266
3 654
1 668
4, 558
1,263
3,295
1 753
5,056
1, 365
3 691
1 868
5,097
1,380
3,717
2 027
4,312
1,252
3 060
Agricultural loans and discounts outstanding of agencies supervised by the Farm Credit Adm.:
Total
.__
mil. ofdoL
Farm mortgage loans: Federal land banks.. do
Loans to cooperatives
do_ _
Other loans and discounts
do
4,449
2,360
622
1,467
4,487
2,378
632
1,477
4,551
2,400
624
1,528
4,616
2,428
609
1, 580
4,690
2,446
594
1,649
4,747
2,468
565
1,714
4,812
2,487
551
1,774
4, 853
2,500
557
1,795
4,871
2,515
562
1,794
4,870
2,528
589
1,753
4,837
2,538
638
1, 660
4,787
2,548
652
1,587
4,795
2,564
649
1,582
261, 121
104,976
51, 763
230, 119
88, 529
46, 305
221 , 982
85, 058
45, 626
245, 726
96, 593
50, 410
232, 842 ' 250, 850 223. 567
88, 551
86, 063
99. 809
47. 895
45,254
50. 415
241 , 799
92,435
49,474
240, 798
97, 162
47,909
233, 154 r235,158
91, 020
89, 905
47, 577
47, 567
257 022
101,551
52,313
54, 028
28, 771
458
26, 648
19, 164
52, 262
27, 613
862
25, 464
19, 155
51,431
26, 961
739
25, 209
19,134
51.577
27, 103
756
25, 264
19,113
51,983
27, 131
571
25, 558
19, 066
51,144
27, 262
342
26, 035
19, 059
52, 394
27, 869
258
26, 523
19, 029
52, 116
28, 131
343
26, 885
18, 839
52. 009
27, 907
405
26, 762
18, 709
52,134
28. 402
181
27, 024
18, 394
52, 183
28, 729
193
27, 402
18, 107
51, 962
28, 731
101
27, 488
17,610
52, 984
29, 359
33
27, 384
17, 479
50, 235
27, 560
60
26, 570
17,140
do
do_ __
do
do
54, 028
19,716
18,174
28, 262
52, 262
19, 536
18,396
27, 599
51, 431
18, 725
17, 754
27, 433
51,577
18, 861
17,773
27. 341
51,983
18, 976
17,850
27, 258
51,144
18,643
17,619
27, 344
52, 394
19,126
17,941
27, 505
52, 116
19,305
18, 261
27, 612
52, 009
18,853
17, 735
27, 621
52, 134
19,110
17, 942
27, 651
52, 183
19, 120
17, 956
27, 680
51,962
17, 924
16, 770
28, 066
52, 984
18, 336
17,081
28, 450
50, 235
17,268
16 066
27. 700
Ratio of gold certificate reserves to deposit and FR
note liabilities combined
Y)ercent__
39.9
40,6
41. 5
41.4
41.2
41.4
40.8
40.2
40.3
39.3
38.7
38.3
37.4
38.1
A 31 member banks of Federal Reserve System, averages
of daily figures:*
FJxcess reserves
mil. of dol
Bo r rowings from Fed Reserve banks
do _
Free reserves
- -do
482
906
-424
544
905
-361
455
816
-361
416
635
-219
408
602
-194
469
502
-33
466
425
41
508
388
120
540
293
247
639
225
414
638
149
489
756
142
614
* 769
T
87
^682
731
49
682
63, 204
60,616
59, 530
59, 085
60, 702
58, 185
58. 649
59, 392
58, 934
58, 813
59, 794
59, 762
61, 490
60. 686
67,641
4,814
3, 139
63, 727
4, 921
2, 607
62, 838
4, 920
2, 954
61,890
4, 836
2,843
63, 770
4. 981
3.219
62, 259
5. 1 37
5, 002
62, 026
4,718
4,965
62, 469
4, 94 7
4.54;!
62, 236
4, 794
3, 676
62, 306
4. 630
5, 524
63, 918
4, 945
4,413
64, 302
4,862
3,511
67. 026
4, 691
3, 956
64. 581
,". 079
3. 081
30, 533
28, 969
1,420
14, 346
30,146
28, 483
1,518
13, 303
30,146
28, 481
1,521
12, 783
30. 423
28, 731
1 . 550
12. 597
30.454
28. 679
1,640
12. 638
30,613
28, 805
1 , 676
13, 352
31,157
29, 250
1.778
13,299
31. 428
29.417
1,882
13, 736
31,858
29, 738
1,987
13, 592
32,186
30,112
1,945
13.734
32, 502
30, 432
1,940
14, 993
32, 483
30, 334
2,017
15, 660
33,114
30, 760
2, 2'>0
15, 493
34. 329
31,790
2.393
14.6.52
37, 294
36, 141
35, 040
34, 150
35, 563
35, 082
34. 733
36, 679
36, 902
37, 490
38, 994
38,883
40, 242
40. 850
27, 468
2, 243
1,084
24, 141
9, 826
26, 444
2, 001
1,203
23, 240
9, 697
25, 352
1,617
464
23. 271
9, (!88
24, 495
1,069
431
22. 995
9, 655
25, 991
1,474
444
24,073
9. 572
25, 752
1,314
874
23, 564
9, 330
25, 359
950
874
23 535
9, 374
27, 002
2, 782
848
23, 432
9, 617
27, 381
2, 61 2
1,309
23, 460
9, 521
27.816
2, 825
1,364
23. 627
9. 674
29, 305
4, 037
1,458
23, 810
9, 689
29,312
3,500
1,327
24, 485
9,571
30, 165
4, 028
1, 537
24, 600
10, 077
30.712
4. 463
1.594
24. 655
10.147
es. or 9
30, 454
2, 579
66, 036
29, 957
1,938
66, 532
30, 320
1,769
66, 890
31,026
1,479
67, 492
30, 940
1,812
67, 843
31,170
1, 705
68, 691
31,645
1,665
68, 469
31.104
1,982
67, 948
30, 970
1,865
68, 727
31, 541
2,066
68. 812
31 , 656
2,260
68, 445
31,749
1, 851
70, 174
31, 931
2, 610
68, 792
31,067
2. 268
1,338
6, 198
12,652
17, 475
1,306
5, 504
12,615
17, 253
1,289
5, 789
12, 605
17,360
1,266
5, 758
12,586
17, 641
1 , 251
5,878
12, 581
18,099
1,274
5, 932
12, 548
18, 149
1,267
6,192
12, 543
18, 130
1,279
6,183
12,510
18, 486
1,274
5, 828
12,566
18,247
1.292
5, 778
12. 556
17,955
1,294
5, 460
12, 522
18, 393
1,281
5, 323
12, 524
17, 895
1,318
5, 927
12, 508
18, 716
1.285
5,178
12, 469
19, 371
Bank debits total (344 centers)
New York' Citv
6 other centers cf
-
do
do do
Federal Reserve banks, condition, end of month:
\ssets total 9
do
Reserve bank credit outstanding, total 9
do
Discounts and advances
do
United States Government securities
do
Gold certificate reserves
__ _
do
Liabilities, total 9
Deposits, total 9 ..
__ _
Member-bank reserve balances
Federal Reserve notes in circulation
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?
Individuals, partnerships, and corp
States and political subdivision^
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 nonbank 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
11 southern and western cities
.
percent..
. do. .
do
r
r
5. 36
r
226, 005
86, ] 74
46. 862
r
5. 34
5. 18
5.34
5.57
5.39
5.56
5. 35
5. 19
5 34
5. 58
r
4.97
4. 74
4 96
5.32
4.851
2. 581
675
1.595
4. 9U
4. 77
4 97
5 33
Discount rate, end of mo. (N.Y.F.R. Bank)__do
Federal intermediate credit bank loanst
do
Federal land bank loansj
_
do. _.
4.00
5.45
5.89
4.00
5.63
6.00
4.00
5.72
6.00
4.00
5.70
6.00
4.00
5. 57
6.00
4.00
5.31
6. 00
3.50
5.30
6. 00
3.50
5.11
6.00
3.00
4.75
6.00
3.00
4.55
6. 00
3.00
4.43
6.00
3.00
M.34
6.00
3. 00
4.21
6.00
3.00
4.05
5.63
Open market rates, New York City:
Bankers' acceptances (prime, 90 days)
do
Commercial paper (prime, 4-6 months) _ . do
Finance Co. paper placed directly, 3-6 mo.*_.do
Stock Exchange call loans, going- rate
do. __
4.47
4.88
4.82
4.75
4.78
4. 91
5. 02
5.41
4.44
4.66
4.50
5.50
3.96
4.41
4. 16
5. 50
3.88
4.16
3.74
5. 50
3.78
4. 25
3.88
5.11
3.28
3.81
3.24
5.00
3.13
3.39
2.98
5.00
3.04
3.34
2.94
4. 85
3.00
3.39
3.13
4. 50
3.00
3.30
3.11
4.50
3.00
3.28
2.91
4.50
2.92
3.23
2.97
4.50
2.86
2.98
2.78
4.50
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
percent-.
3-5 year issues
_ _ _ _do_ _.
4. 572
4.95
4. 436
4.87
3.954
4.66
3.439
4.24
3. 244
4. 23
3. 392
4.42
2. 641
4.06
2 396
3.71
2. 286
3. 50
2.489
3.50
2.426
3.61
2.384
3.68
9 0~2
2.302
3 53
Savings deposits, balance to credit of depositors:
New York State savings banks
mil. of dol__
U.S. postal savingsf ..
do
20, 651
948
20, 544
928
20, 558
909
20, 774
894
2(3. 684
20, 659
879 1
849
20, 848
836
20. 832
823
20, 874
810
21 . 063
798
21. 051
788
1
3?51
21, 135
21, 400
779 '
770
760
Revised.
Preliminary.
*New series (from Board of Governors of Federal Reserve System): for back data, see Federal Reserve Bulletins.
c? Includes Boston, Philadelphia, Chicago, Detroit, San "Francisco, and Los Angeles.
Q Includes data not shown separately.
tReviscd series, reflecting change in coverage and format. Figures through 1958 on old basis appear in the 1959 edition of BUSINESS STATISTICS; January-June 1959 figures, in
September 1959 SURVEY.
®For demand deposits, the term "adjusted" denotes exclusion of interbank and U.S. Government deposits and of cash items reported as in process of collection; for loans, exclusion of
loans to banks (domestic commercial banks only, beginning July 1959) and deduction of valuation reserves (individual loan items are gross, i.e., before deduction of valuation reserves).
§For bond yields, see p. S-20.
J Minor revisions prior to September 1959 will be shown later.
*JData are as of end of consecutive 4-week periods ending in ir.onth indicated, except June figure which is as of June 30 (end of fiscal year).
r
p
SURVEY OF CURRENT BUSINESS
Febr-.uirv 1061
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1960
1959
December
S-17
January
February
March
April
May
June
1961
July
DecemAugust SeptemOctober November
ber
ber
Janu-
ary
FINANCE—Continued
CONSUMER CREDIT f
(Short- and Intermediate-term)
Total outstanding end of month
52,119
51, 468
51, 182
51,298
52, 353
52, 991
53, 662
53, 809
54, 092
54, 265
54, 344
54, 626
56. 049
do
39, 852
39, 738
39, 785
40, 020
40, 651
41,125
41, 752
42, 050
42, 378
42, 517
42, 591
42, 703
43, 281
do
do
do
do
16, 549
10, 476
2,784
10, 043
16, 519
10, 386
2,769
10, 064
16, 626
10, 254
2,772
10, 133
16, 826
10. 192
2,783
10,219
17, 170
10, 281
2,814
10, 386
17,431
10, 339
2,865
10, 490
17,755
10, 462
2, 905
10, 630
17, 893
10, 452
2, 934
10, 771
18, 020
10,477
2,975
10, 906
18, 021
10, 543
3. 001
10, 952
17, 992
10, 625
3,013
10, 961
17 967
10 715
3.020
11 001
17, 866
11,215
3,008
11, 192
do
do
do
do
do
do
34, 176
15, 227
10, 145
3,280
3, 774
1,750
34, 332
15. 366
10, 168
3,272
3,787
1,739
34, 576
15, 433
10, 276
3, 308
3, 807
1, 752
34, 764
15,440
10, 357
3,381
3, 821
1,765
35, 431
15,711
10, 604
3.471
3,872
1,773
35, 902
15,911
10, 744
3, 537
3,902
1,808
36, 481
16, 145
10, 945
3, 626
3,957
1,808
36, 857
16, 239
11,062
3,679
4,049
1,828
37, 199
16, 362
11,142
3, 754
4,099
1,842
37, 318
16,416
11,154
3, 795
4,111
1,842
37, 330
16 408
11,147
3, 833
4,097
1,845
37, 368
16 402
11,141
3, 870
4,107
1,848
37, 502
16. 398
11, 134
3, 906
4,212
1, 852
do
do
do
do
do
5, 676
2,292
1,225
481
1,678
5, 406
2, 103
1, 189
480
1 634
5, 209
1, 997
1,167
482
1 563
5. 256
2, 098
1,144
4«7
1 527
5, 220
2, 050
1, 135
496
1 539
5, 223
2 054
1,125
503
1 541
5,271
2, 073
1,132
512
1, 554
5, 193
2,020
1. 124
516
1 533
5, 179
2 012
1,132
520
1 515
5,199
2,049
1,129
519
1 502
5, 261
2 103
1,130
518
1 510
5, 335
2 155
1, 140
517
1 523
5, 779
2,401
1, 189
513
1 676
mil. ofdol
Installment credit total
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
Noninstallment credit, total
Single-payment loans, total
Commercial banks*
Other financial institutions*
Charge accounts total
Department stores*
Other retail outlets*
Credit cards*
Se r vico credit
_.
Installment credit extended and repaid :
Unadjusted:
Extended total
\rtomobilepaper
Other consumer Broods paper
All other
_ _ _
do
12, 267
11.730
11,397
11,278
11,702
11,866
11,910
11.759
11.714
11.748
11,753
11,923
12, 768
do
do
do
4, 144
3, 582
562
4. 056
3, 531
525
4, 129
3, 549
580
4,191
3, 556
635
4,226
3 627
599
4, 313
3 631
682
4,294
3,682
612
4, 265
3, 663
602
4, 276
3, 656
620
4, 317
3, 715
602
4 O79
3 692
580
4,301
3 711
590
4,311
3,737
574
do
do
do
do
do
5. 104
958
3, 753
393
3, 019
4, 595
824
3.378
393
3,079
4,104
685
3,034
385
3, 164
3,927
622
2,917
388
3. 160
4, 245
656
3, 206
383
3.231
4,342
646
3, 305
391
3,211
4, 423
633
3,382
408
3, 19b
4,311
584
3, 295
432
3. 183
4,277
584
3, 236
457
3. 161
4. 283
625
3.199
459
3,148
4, 370
661
3,266
443
3.111
4, 463
709
3, 326
428
3, 159
5.187
941
3,801
445
3.270
do
do
do
do
4.782
1,283
1. 693
1,806
3,592
1,269
1,023
1,300
3, 763
1,424
961
1,378
4,238
1,629
1,089
1,520
4, 509
1 , 692
1, 202
1,615
4 375
1, 658
1,183
1, 534
4, 615
1, 733
1,267
1. 615
4,156
1.473
1,085
1,598
4, 365
1, 570
1,165
1,630
4,010
1,372
1,173
1,465
4 012
1,407
1,207
1,398
4, 067
1,364
1,217
1,486
4 641
1,248
1,654
1, 739
do
3, 955
1 389
1, 127
1,439
4 063
1 349
1 154
1,560
4. 134
"• 1. 482
r
1, 159
1.493
4 007
1 325
1 200
1 482
Other Consumer goods paper
A l l other
______
Adjusted:
Extended, total
Automobile paper
Other consumer goods paper
All other
do
do _.
3, 954
1,367
1,081
1,506
3, 706
1 299
1,113
1.294
3, 716
1 317
1, 093
1, 306
4.003
1 42Q
1, 151
1.423
3. 878
1 348
1,113
1,417
3,901
1 397
1^ 125
1,379
3,988
1 409
1, 144
1,435
3, 858
1 335
1,095
1,428
4, 037
1 443
1,140
1.454
3,871
1 371
1,107
1,393
3,938
1 436
1, 125
1, 377
do
do
do
do
4.119
1. 355
1,230
1, 534
4,159
1.453
1. 227
1,479
4,196
1,533
1,171
1,492
4, 259
1,590
J.178
1,491
4,498
1, 635
1, 266
1, 597
4,254
1. 557
1,170
1, 527
4, 325
1, 537
1.248
1. 540
4,209
1,416
1.167
1,626
4,071
1,421
1.112
1, 538
4,124
1,421
1,161
1,542
4, 095
1,454
1. 158
1, 483
Repaid, total _
Automobile paper
Other consumer goods paner
All other
do
do
do
do
3,773
1,352
1,071
1,350
3,849
1,359
1.117
1,373
3,765
1,330
1,084
1,351
3,780
1,342
1, 083
1, 355
3, 935
1,379
1,111
1 445
3, 912
1,402
1.127
1,383
3, 934
1,392
1, 135
1,407
4.017
1,385
1,149
1. 483
3,918
1,388
1,123
1,407
3,961
1,375
1,143
1,443
4, 000
1.421
1,149
1.430
3,946
1,397
1, 119
1.430
3 931
1 356
1 156
1 419
8, 350
7, 339
99
5,425
4,867
90
9,289
7,237
93
12,217
9, 580
105
7 468
5,064
91
9 725
6,550
91
12, 804
10, 891
90
3 976
3,128
84
8 590
6, 454
93
10,211
8,981
87
3 641
2,823
92
7,900
6,300
91
8 751
7 643
80
do
do
do
do
2,733
3,180
527
1,811
3,004
564
341
1,427
5,718
483
1,611
1,384
3,332
6, 192
1,149
1,439
4,290
619
858
1,609
5,783
467
1,918
1, 466
4,125
5,530
1,155
1,903
1,401
670
383
1,439
4, 996
409
1,608
1,484
4,486
3,492
792
1,354
1,296
481
389
1,383
4,648
455
1.295
1.411
2 974
3 331
596
1 770
do
do
do
do
do
6,601
800
430
4,231
1,384
6,157
826
419
3,523
1,431
6,142
779
420
3,684
1, 287
6, 423
784
457
3,976
1.207
6,032
772
421
3,669
1,179
6, 073
772
422
3,669
1,216
6,521
801
424
3,971
1,593
6 172
806
404
3, 471
1,533
6 803
751
461
3,976
1,645
6,793
736
416
3,910
1,746
6 829
748
422
3,728
1,934
6, 773
734
436
3, 884
1,727
6 847
765
do
do
do
do
do
do
290, 798
287, 704
244, 197
10, 098
43, 506
3,094
291, 085
288, 086
245, 456
10, 496
42, 630
2,999
290, 583
287, 588
244, 753
10, 322
42, 835
2,995
286, 826
283, 772
240, 515
10,330
43, 257
3,054
288, 787
285, 773
242, 930
10, 283
42, 843
3,014
289, 367
286, 308
242, 408
10,385
43, 900
3,059
286, 331
283, 241
238, 342
10, 360
44, 899
3,090
288. 338
285, 285
241, 088
10, 559
44, 198
3,053
288, 672
285, 634
240, 413
10, 641
45, 222
3,038
288, 423
285, 358
240, 382
10, 487
44, 977
3,065
290, 487
287, 372
243 097
10,671
44, 275
3,115
290, 414
287, 138
242, 578
10, 748
44, 561
3,276
290 217
286 820
242 474
290, 036
286 651
242 827
44 346
3 396
43 824
3, 385
Repaid total
T
FEDERAL GOVERNMENT FINANCE
Budget receipts and expenditures:
Receipts, total
Receipts, net ^
Customs
mil of dol
do
do
Individual income taxes
Corporation income taxes
_
Employment taxes
Other internal revenue and receipts
Expenditures, total f
Interest o n 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
Held bv U.S. Govt. investment accts.cf
Special issues _ _
Noninterest bearing
_ _
127
Obligations guaranteed by U.S. Govt., end mo__do
U.S. savings bonds:
48, 647
Amount outstanding, end of month
do
377
Sales, series E and H
do
1,404
Redemptions
do
LIFE INSURANCE
Institute of Life Insurance:}:
Assets, total, all U.S. life insurance companies
mil. of doL. 113,626
Bonds (book value), domestic and foreign, total
mil. ofdol— 56,742
6,848
U.S. Government
_ _
do
3,177
State, county, municipal (U.S.) _
do
Public utility (U.S.)
do_— 15,744
3,790
Railroad (U.S.)
_
do
23, 788
Industrial and miscellaneous (U.S.)
do
130
135
138
132
133
140
134
157
161
159
153
156
160
48, 273
421
923
48, 182
438
627
48,085
393
584
47, 953
340
564
47, 889
349
508
47, 824
340
527
47, 620
354
683
47, 596
355
476
47, 578
340
453
47,605
346
413
47, 629
326
398
47, 527
348
575
47, 553
456
559
114, 202
114, 666
114,965
115, 394
115, 908
116, 377
117,005
117, 581
117, 947
118, 544
119,066
57, 061
7,011
3,197
15,748
3, 781
23, 907
57, 190
6,975
3,222
15, 761
3, 779
24, 002
57, 214
6, 808
3,257
15, 768
3,775
24, 114
57, 291
6,723
3,278
15, 783
3.764
24, 224
57, 494
6, 661
3,304
15, 807
3,767
24, 384
57, 557
6, 559
3,317
15, 843
3. 766
24, 473
57,877
6,632
3,421
15, 834
3,770
24,609
58, 031
6,592
3,464
15, 844
3,758
24, 729
58, 398
6, 524
3, 579
15, 875
3 749
24, 998
58, 619
6, 547
3,605
15, 924
3 750
25, 108
58, 164
6,586
3,546
15, 868
3,756
24,743 '
r
Revised.
* Preliminary.
fReviscd scries (to incorporate more comprehensive information recently available, 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 November
1959, see the December 1960 and November 1959 issues of the Federal Reserve Bulletin.
*For data prior to March 1959, see Federal Reserve Bulletins.
^Data for net receipts and total expenditures reflect exclusion of certain interfund transactions; comparable data for July 1958-July 1959 will be shown later.
d^For data prior to January 1959, see Treasury Bulletins.
JRe visions for January-October 1958 will be shown later.
SURVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1959
February
1960
December
January
February
March
April
May
1961
June
July
August
Septem- October Novem- December
ber
ber
January
FINANCE—Continued
LIFE INSURANCE— Continued
Institute of Life Insurance© — Continued
Assets, all U.S. life insurance companies — Con.
Stocks (book value), domestic and foreign, total
mil. of dol__
Preferred ( U S )
do
Common (U S )
do
Mortgage loans, total
_.
__do _
Nonfarm
do
3,702
1,713
1,942
39, 299
36,475
3, 717
1 720
1,949
39, 573
36, 753
3. 735
1 727
1,901
39, 769
36, 933
3.722
1 750
1.927
40,011
37,155
3,742
1, 753
1. 944
40, 236
37, 358
3. 785
1 770
1. 971
40, 439
37, 545
3,788
1,723
2,019
40, 631
37, 722
3,828
1 790
1,088
40, 694
37, 769
3,881
1 818
2 010
40, 920
37, 982
3, 885
1 836
1 996
41,099
38, 153
3,941
1 871
2 017
41,313
38, 356
3,980
1 876
2 050
41 521
38,553
3, 670
4,605
1, 327
4,281
3,688
4, 651
1,236
4,276
3. 698
4, 709
1. 183
4,382
3 712
4.774
1 153
4,379
3,721
4,838
1, 192
4.374
3,766
4,897
1,180
4.347
3, 786
4, 957
1,213
4,445
3,809
5, 029
1, 225
4,543
3,822
5,085
1 229
4, 613
3, 828
5, 138
1 178
4,655
3,834
5, 182
1 268
4 608
3,851
5 225
1 233
4 637
8 017
2,589
529
1
4, 899
4, 864
872
491
3,501
5 396
986
567
3,843
6 284
1,092
576
4,616
5,842
913
597
4,332
6 069
929
656
4,484
6,716
1,611
607
4, 498
5,923
1,327
4,055
5 900
1,017
569
4 314
5, 585
1.031
550
4,004
6 065
1 228
580
4 257
6 649
1 623
543
4 483
6 992
1 694
485
4 813
do
do .
do
. _ _ _ _ _ _ _ .do
do
_.
_ _ _ _ _ _ __do
312
990
925
384
617
221
222
734
683
280
434
164
241
824
767
303
495
181
285
954
941
357
569
223
263
919
871
322
559
207
276
945
869
349
593
215
277
946
852
362
591
216
245
846
783
339
525
190
268
887
858
352
559
201
236
782
784
329
527
199
259
866
845
335
576
236
290
958
860
340
589
223
293
962
Q15
381
691
262
West South Central
do.
Mountain
do
Pacific (incl Alaska and Hawaii)
do
Institute of Life Insurance :J
Payments to policyholders and beneficiaries, estimated total
*
mil. of dol
"Death benefits
do
Matured endowments
do
Disabilitv payments
do
478
233
644
353
103
467
393
161
477
466
216
605
432
197
562
447
209
581
468
207
580
424
190
513
424
205
559
418
200
529
394
195
552
425
221
473
942
664
814.2
307.4
60. 0
10. 1
636. 3
258. 6
61.0
11.0
656.
6
9
82 5
57.3
9.9
770.2
327 5
63 5
11. 1
650. 1
270.2
56. 9
9.8
673. 5
285. 6
57.7
10.2
672.9
280 0
57. 3
9. 9
605.7
251 4
48 4
9 7
679. 4
292 2
51. 4
10.7
633. 3
260 9
50 9
9.0
626. 1
258 4
52 8
10 3
660.
283
57
10
48.1
144.2
244. 4
75.1
126.4
104.2
58. 5
129.4
119. 0
58. 6
155. 9
153. 6
59. 3
132. 5
121. 4
60.1
1 39. 0
120. 9
60. 8
134 7
130.2
59. 4
132 1
104.7
59.5
142.4
123.2
56 5
125. 9
129.5
58. 8
132 9
112 9
59 3
135 0
H5 7
18,402
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
Annuity pavments
Surrender values
Policy dividends
Life Insurance Association of America:
Premium income (39 cos ) Quarterly total
Accident and health
Group
Industrial
Ordinarv
do
do
do
do
do
do
do
do
«3 009
526
«387
324
276
1, 553
K,99 7
?69
344
176
1, 511
9
8
0
6
7
1
5
1
2,815. 5
552. 0
256 8
357. 0
170 1
1, 479. 6
9 771 2
5^9. 6
2 825 0
3
7
6
9
2
9
541
321 8
r/3 o
1,490 0
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U.S. (end of mo.)
Net release from ear in ark §
Exports
Imports
mil. of dol._ 19, 456
—112.0
do
176
thous. of dol
9 092
do
Production reported monthly total 9
Africa
Canada
United States
Silver:
Exports.- _ _ _
19, 421
-21.3
42
4, 440
J 9.4 OS
-13.5
111
1 7. 592
19, 360
-71. 5
19. 322
-101.8
121
76, 649
19, 144
—22',' 3
148
49. 096
19,005
-151. 4
39
11,954
IS. 085
-319.5
167
5, 870
-3!'i7i;
l*>o 558
17,010
8. 639
19, 352
-14.2
71
10, 321
do
do
do
do
88 500
64. 400
13, 200
3,700
89, 300
66. 300
13, 200
3, 400
88. 500
65, 600
13,000
3, 100
89,100
64. 80!)
13, 000
3. 500
90, 200
67, 000
J 2, 800
3. 500
68, 700
13.200
4, 100
1 3, 500
3, 900
13,800
4. 500
13,300
4. 900
12. 900
5, 000
1 4. 100
4.400
13 700
4, 300
do
743
2, 134
1, 156
1.841
1.255
1,003
3, 545
2, 074
1,801
5, 864
.9] 4
1 , 754
3, 99<>
.914
3, 093
Price at New York
dol. per fine ox__
Production:
Canada
thous of fine oz
Mexico
do
United Spates
do
Money supply (end of month, or last Wed.):
Currency in circulation
bil. of dol__
Foreign banks deposits, net
U S Government balances
19, 444
-ll.n
106
2, 453
do
do
Deposits (adiusted) and currency, total^f
do. _
Demand deposits, adjusted^
do
Time deposits, adjusted^ ___ _ _
do
Currency outside banks
do
Turnover of demand deposits except interbank and
U.S. Government, annual rates, seas, adjusted :t
New York City
ratio of debits to deposits
6 other centers cf
do ._
337 other reporting centers
do
,"•!•} ..'
7 ~r~)
•>q
r
,",t)
.914
.914
.914
.914
.914
. I' 14
.1)14
. 914
2, 466
4, 251
. 914
2 679
3,092
756
9 755
3. 81 6
3, 327
2 864
4, 543
3, 454
2 740
3, 360
4,010
2, 589
4, 240
3, 8W
2 355
3, 202
3. 425
2 97]
3, 565
3 978
2 920
3, 100
2 817
2 650
3. 941
3, 115
<• 2 468
3, 622
2, 41 5
? 878
3^500
2 918
3 OSo
32. 6
256 0
3.2
6.2
31.6
250 5
2.8
4.8
31.6
248 0
2.6
5.8
31. 6
247 3
31.6
2 >^Q 2
2.8
31. 9
°49 3
2. 8
8.1
32.1
951 0
2.9
8.2
32.0
32.0
25° 2
3.0
6.6
32.0
255 ]
2.9
8.7
32. 1
257 5
3.1
7. 1
32. 6
257 0
3.1
6.5
S! 6
059 Q
2.8
7.4
246. 6
115.4
101.8
29 4
242.9
114. 0
101.0
27.9
239. 6
110. 5
101.2
28.0
239. 0
108.8
102.2
28.1
241. 7
111.5
102.3
27.9
238. 4
107.7
102.6
28.1
239.8
107.8
103. 7
28.3
242. 6
110. 1
104.2
28.4
242.7
108.9
105. 2
28.5
243. 6
109.3
106. 0
28.3
247.2
112.2
106.7
28.3
60.1
33.2
24.9
55. 7
33.0
25.1
58. 5
35.7
26.4
57.9
34.0
25.8
56. 4
35.3
26. 1
61.1
35. 5
26.3
61.3
35.7
26.4
58.9
34.2
25.5
65. 5
36.7
26.6
68.5
35.8
26.0
60.0
34.9
25.5
17.767
-144.7
123
3 397
•'17,441
;
3, 667
4. 638
. 914
"'914
.914
3 405
247.3
111.9
106. 7
28.7
r
63. 5
35. 8
26.2
32. 9
T
Qfll
r
C
3.3
68
3.1
4 5
251.4
251 5
114 6
109. 0
28 0
r
IK 5
108. 1
28 8
57.8
^34. 3
P 25 1
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Fed. Trade and SEC):0
3, 992
3,612
3, 832
4,081
Net profit after taxes all industries
mil of dol
261
349
305
321
Food and kindred products
do
93
121
80
86
Textile mill products
do
Lumber and wood products (except furniture)
24
34
51
45
mil of dol
159
143
144
159
Paper and allied products
do
T
p
J
Revised.
Preliminary.
Includes revisions not distributed by regions.
©See footnote "J" for p. S-17.
{Insurance written includes data for Alaska beginning 1957 and for Hawaii beginning 1958; revised ngi.res for 1958-April 1959 (including these States) will be shown later. Payments to
policyholders, etc., include data for Alaska beginning January 1959 and for Hawaii beginning September 1959.
§0r increase in earmarked gold (—).
9 Includes data for the following countries not shown separately: Mexico; Brazil; Colombia; Chile (except for January I960); Nicaragua; Australia; and India.
IThe term "adjusted" denotes exclusion of interbank and U.S. Government deposits: for demand deposits, also exclusion of cash items reported as in process of collection.
{Revised series, replacing unadjusted rates shown prior to the February 1960 SURVEY and incorporating two major changes. See the January 1960 Federal Reserve Buttefin for details and
data back to January 1950.
cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
O Effective with the July 1959 SURVEY, estimates are based on the latest revised (1957) Standard Industrial Classification Manual and, for most industries, are not comparable with
previously published data. Comparable data for 1st quarter of 1958 are available upon request.
« Revisions for 3d quarter 1959 (mil. dol.): Total, 2,705.9; annuities, 292.7.
SURVEY OF CURRENT BUSINESS
February 1061.
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1959
S-19
1960
December
January
February
March
April
May
June
1961
July
August
Septem- October Novem- December
ber
ber
January
FINANCE—Continued
PROFITS AND DIVIDENDS— Continued
Manufacturing corporations© — Continued
Net profit after taxes — Continued
Chemical^ 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,
etc )
mil of dol
Motor vehicles and parts
do
All other manufacturing industries
do
Dividends paid (cash), all industries
do
Electric utilities, net profit after taxes (Fed. Res.)
mil of dol
Transportation and communications (see pp. S-23 and
S-24).
478
G90
135
116
204
507
684
92
141
400
559
623
187
141
263
504
738
177
116
132
98
"362
95
263
272
123
319
265
131
231
250
62
318
445
64
565
390
74
504
428
50
191
482
2,351
2,001
2, 024
1, 953
422
502
422
418
a 272
SECURITIES ISSUED
Securities and Exchange Commission: t
Estimated gross proceeds, total
mil.
By type of security:
Bonds and notes total
Corporate
Common stock
Preferred stock
By type of issuer:
Corporate total 9
Manufacturing
Extractive (minine)
___....
Public utility
Railroad
C om m 1 1 n i ea t ion
Financial and real estate
Noncorporate, total 9
U S Government
State nnd municipal
New corporate security issues:
Estimated net proceeds total
Proposed uses
of proceeds:
V o \v rn o n < v v lot a 1
P I n n t n n d o q j ' i p m en t
Work i n JT capital
Retirement, of securities
Other purposes
State and
municipal Issues (Bond Buyer):
Lomv-term
.
Short-term
1,942
1, 958
1,763
747
134
45
1,833
524
100
26
1,942
554
156
29
1,858
675
173
46
4, 352
584
196
31
1, 760
404
153
38
2. 237
859
229
26
1. 504
648
101
21
926
173
10
351
3
73
205
649
77
31
158
19
37
250
740
73
10
253
811
180
82
206
894
195
79
202
8
70
223
326
29
53
147
595
101
34
147
20
38
150
1,115
265
4
371
46
65
293
do
do
do
1 , 01 6
380
476
1,309
420
696
1,388
435
622
1. 183
391
568
3, 768
2, 860
717
1,356
368
556
do
907
635
724
875
789
do
do
do
do
do
844
619
225
~7
56
802
247
58
667
40-4
263
9
48
803
478
325
6sl
479
202
23
86
519
333
187
11
r
of dol..
do
do
do
do
do
d^
do
do
do
C< o
do
2, 127
2,077
4, 579
1,951
48
1.822
r
1, 799
3, 006
816
137
34
1,673
612
92
r
1 . 669
770
190
26
144
31
58
280
987
232
9
226
?6
163
220
761
170
5
306
16
91
89
'913
1,378
350
978
856
353
475
2, 190
1,371
607
1 , 061
338
682
1,085
753
968
746
' 896
985
613
372
51
50
fn2
311
340
26
919
640
279
6
43
692
549
1 44
2. 493
1,626
3,177
1 985
1 981
- 1,852
••876
r
117
16
1.852
^9
M95
^8
- 256
'1.009
r
286
r 14
-322
3
r
27
r I 58
r 253
915
228
22
184
11
98
247
886
345
343
r 976
326
496
1 . 066
348
490
r 783
r 105
'25
(s
r
r 203
r
r
r
786
84
45
989
900
815
613
202
809
'472
' 337
r
30
1 50
815
519
296
24
61
46
do .
do
476
358
696
268
622
315
568
365
717
365
5 )6
351
97S
297
475
280
607
505
682
199
343
254
4%
r
490
'• 279
mil. of d o l _ _
do.
do
__.do.
375
3, 430
' 996
2. 583
366
3, 333
1, 001
2,423
375
3, 267
981
2. 396
366
3, 145
988
2 220
354
3,150
940
2, 340
362
3,151
970
2, 322
36.6
3, 1 88
1.016
2 272
361
3.113
1,018
2, 229
362
3. ??0
1.021
2, 236
356
3, 259
1. 059
2, 320
377
3, 243
1,063
2, 300
'• 3>:0
3, 240
396
3,317
1.135
2. 268
87. 48
87. 56
81.18
88. 26
88. 36
80. 98
88. 86
88. 97
81. 67
90. 00
91 . 02
82. 54
90. 08
90. 18
82. 59
90. 42
96. 53
82. 25
91 . 30
91.44
81. 98
93. 15
93. 32
81 . 98
93. 25
93. 40
82. 35
93. 09
93. 27
81.19
92. 82
92. 99
81 . 48
91. 70
91.87
80. 64
92.4
99. 3
83. 00
92. 0
98. 3
81.81
92. 8
100. 4
83. 60
93. 9
101. 9
85. 32
94.2
102. 3
84. 24
94.1
102. 1
84. 39
94 2
li)3. 1
86. 50
94. .8
103.9
88.12
96. 4
106. 7
88. 93
88. 57
m7
96. 0
105.8
87. 50
107! 7
87. 23
95. i
107.9
87. 84
173,204
1 77, 574
148, 246
146,910
133,529
135, 138
157,591
158,056
138,221
131,152
139,696
133,902
156,527
150, 183
115, 992
121,746
133. 757
134,897
107. 194
109, 017
117,722
118,667
115.575
122, 200
! 42, 909
152. 457
170, 098
174,505
144,924
143, 885
131,601
133, 179
1 55, 685
156,053
136,699
129,427
137,916
132,101
153.990
147,589
114,373
119,997
130,349
132, 295
104,218
106 038
115.822
116,622
113.600
120. 176
1 40, 639
150,05!
155,742
0
155,742
150, 433
5, 309
116,340
0
116,340
110,125
6, 215
116, 392
2
116,390
110, 029
6, 361
1 32, 040
0
132,040
125, 256
6,784
110,727 114,871
0
3
110.724 114,871
104,813 109, 044
5, 827
5, 91 1
120,465
0
120, 465
115,173
5, 292
93, 696
0
93, 696
87, 282
6.414
109, 1-18
0
109, 148
102, 913
6, 235
93. 925
()
93. 925
88, 783
5. 142
99, 342
0
99, 342
92, 887
6,455
109.300
0
109, 300
101,281
8.01 9
130. 176
0
130. 176
122,921
J 05, 422
102, 723
1,017
106, 287
103, 596
1, 610
107,041
104, 346
1,621
109, 655
106,814
1,634
109,007
106,176
1 , 626
109, 395
106, 576
1,6.! 2
106,876
104, 039
1, 622
108, 994
106, 149
1, 602
110.058
107, 192
1,608
110, 100
107, 273
1,585
1 09, 859
107, 004
1,613
106,289
103,465
1 , 596
1 08. 257
105,423
655
251
SECURITY MARKETS
Broker^' Balances (N.Y.S.E. Members
Carrying Margin Accounts)
Cash on hand nnd in banks
Customers' debit balances (net)
Customers' free credit balances
Money borrowed.. _
___
Bonds
Prices:
Average price of all listed bonds (N.Y.S.E.),
total 5 _ _
dollars
Domestic
do
Foreign
do
Standard and Poor's Corporation:
Industrial, utility, and railroad (Al+issnes):
Composite tel'bonrlfOc? dol. per $100 bond..
Domestic municipal (15 bonds)
do
U.S. Treasurv bonds, taxable*!
. . _ _ ..
do. _.
Sales:
Total, excludinjr 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
Foreicii
_ -....__
do
Value, issues listed on N.Y.S.E., end of mo.:
Market value total all issues §
mil. of dol
Domestic
_ .
do...
Foreign
do
93. 21
93. 3S
95. 6
108.1
87. 70
1,51;9
120, 508 120, 431 120. 460 120,627 121.007 120, 979 117,060 117,004 118,018 118,271 118,357 115. 909 1 Hi 1 1 7
Face value total all issues§
do
117,311 117,237 117,277 1 1 7, 350 117,740 117, 719 113,780 113,748 114, 703 115,015 115,074 112,625 11? H95
Domestic
do
1 . 992
1,960
1,980
1,955
1.979
1.952
1 , 909
1, 985
1,953
1,980
1.988
1.979
Forei°n
do
1,947
r
Revised.
« Revisions for 3d quarter 1959 (mil. dol.): Mac hinery (e xccpt elec trical),33 5; clectric< tl machin ?ry, 301.
9 In elude s data not shown s °parately
©See correspondinfi note on p. S-18.
t He visions for Jarnun y -March 1959 will be shown later.
§Data include bonds of the International Bank for Reconstruc tion and Developn ent not si 10 wn sepa rately; th ese bonds are inclu Jed in coniputing tl10 average price of i .11 listed bonds.
cf Number of bonds represent number currently i sed; the c range in t ic numbr r does no . affect th e continui ty of serk
^Prices are derived from average yields on basis of an assumec 1 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
December
February 1961
1960
January
Fehru
•
-
March 1 April
I
May
June
1961
July
August
SeptemOctober
ber
Novem- December
ber
January
FINANCE—Continued
SECURITY MARKETS— Continued
Bonds— Continued
Yields:
Domestic corporate ( Moody's)
percent- _
By ratings:
A aa
do
An
do
A
. -doBaa
do
By groups:
Industrial
_. ._. _ ..do ._
Public utility
do
Tlailroad
__
_ - . _ _ _ _ do
Domestic municipal:
Bond Buyer ( 2 0 bonds)
_ _ _ _ _ _ _do_
Standard and Poor's Corp. (15 bonds)
do _
U S Treasury bonds taxable.
do
4.87
4.91
4.88
4.81
4.76
4.80
4.78
4.74
4.61
4.58
4.63
4.64
4.66
4.65
4.58
4.74
4.89
5.28
4 61
4.77
4.93
5. 34
4 56
4.71
4.92
5. 34
4.49
4.62
4.86
5. 25
4 45
4.58
4.79
5 20
4 46
4.61
4.84
5 28
4.45
4.60
4.81
5.26
4 41
4 56
4.77
5 22
4 28
4.44
4.65
5.08
4 25
4.41
4.63
5.01
4 30
4.44
4.67
5.11
4.31
4.47
4.69
5.08
4 35
4.50
4.71
5.10
4
4
4
5
4.70
4.86
5.05
4.74
4.92
5.08
4.71
4 89
5. 05
4.64
4.79
4.99
4.61
4.70
4.97
4.65
4.76
4.98
4.64
4.75
4.94
4.61
4 71
4.90
4.49
4. 53
4 82
4.46
4.48
4.78
4.50
4.56
4.84
4.51
4.56
4.85
4. 55
4.58
4.87
4. 52
4 57
4 86
3.77
4. 05
4. 27
3. 68
4.13
4 37
3.65
3.97
4 22
3. 50
3.87
4 08
3.61
3.84
4 17
3.61
3. 85
4 16
3.53
3.78
3.99
3.47
3.72
3 86
3.33
3. 53
3 79
3.51
3.53
3.82
3.42
3.59
3 91
3.43
3.46
3 93
3.38
3.45
3 88
3 38
3.44
3 89
2, 425. 0
986.7
457. 5
1,931.7
896. 8
355. 0
1, 948. 3
896.7
371.5
1,965.5
921.5
387.6
2, 456. 3
1 . 003. 2
252. 8
293 3
11.0
168.9
132.7
3.3
157.3
1 259 3
107.3
177.9
310 0
10.5
78.9
134.5
3.8
153.3
1,261.4
109.3
184. 6
310 9
9.0
78.7
137.1
3.0
169. 5
1, 264. 9
106.6
175.6
330. 1
10.9
104.5
136.0
2.9
345. 9
1, 476. 4
171.8
255. 2
993 7
11.2
32
48
69
10
Stocks
Cash dividend payments publicly reported: I
Total dividend payments
mil. of dol
Finance
do
Mining Public utilities:
Communications
Electric and gas
Railroad ._
_
Trade
Miscellaneous
do-. .
335. 4
1, 522. 1
123.4
do
do
_- _ _ _ -do .
do
do
88.5
175. 7
78.0
60.7
41.2
201.7
109.1
32.7
74.0
12.1
1.8
102.2
4.4
37. 1
7. 1
88.6
1 75. 4
60.1
52. 3
31.4
200.8
111.4
20.6
55. 5
10.1
2 6
103. 2
1.0
23.7
7.3
89.7
178.6
65.5
56. 7
33.8
201.7
106. 1
18.0
56.3
10.1
1.8
112.2
4.2
25.0
9.5
94.6
180.3
62.3
56.5
30.8
202.3
113.1
20.0
57.8
11.7
2.1
109.6
1.4
23.0
8.1
93.1
186. 6
79.7
63. 3
39. 5
209. 0
114.6
34, 6
68. 1
11.8
5. 56
6. 01
2.64
3. 53
3.90
4.40
5. 58
6.04
2.67
3.53
3.96
4.40
5.57
6.03
2.67
3.53
3. 96
4.40
5.58
6.03
2.67
3.53
3.96
4.63
5.59
6.05
2.67
3.56
3.96
4.63
5.59
6. 05
2.67
3.56
3.96
4.63
5.59
6.06
2.67
3.56
3.96
4.81
5.59
6.05
2.68
3. 56
3.96
4.81
5.58
6.03
2.68
3.56
3.96
4.85
5. 57
6.02
2.69
3. 56
3.96
4.85
5.58
6,04
2.69
3.47
3.96
4.85
5.57
6.00
2.71
3.46
4.00
5.01
5.64
6.01
2.74
3.44
4. 09
5,08
5.64
6.01
2.74
3.41
4.20
5.08
169. 29
195 43
65. 77
70.24
156. 61
178. 05
64. 67
67. 98
157. 86
177. 30
66. 13
67. 05
155. 24
174. 01
66.66
64.15
152.00
169.82
67.30
62. 49
155. 49
174. 47
67. 31
62.49
158. 87
178. 62
71.51
64.20
155.33
173. 55
71.12
61.95
159. 22
176. 68
73. 59
62.28
149. 53
165. 61
70. 25
57.56
149. 30
164. 91
70.27
57.68
154. 57
169. 92
72.24
60.39
161.55
175. 22
76.82
61.28
171.83
186.00
80.47
66. 00
3.28
3.08
4.01
5.03
3. 38
2. 72
3.56
3.39
4.13
5.19
3.68
2.86
3.53
3.40
4.04
5.26
3.84
2. 76
3.59
3.47
4.01
5.50
3.85
2.87
3.68
3.56
3.97
5.70
3.92
2.93
3.60
3.47
3.97
5.70
3.87
2.97
3.52
3.39
3.73
5. 55
3.98
2.98
3.60
3.49
3.77
5.75
4.04
2.93
3.50
3.41
3.64
5.72
4.00
2.87
3.73
3.64
3.83
6.18
4.02
3.08
3.74
3.66
3.83
6.02
4.02
3.07
3.60
3.53
3.75
5.73
3.93
2.97
3.49
3.43
3.57
5.61
3.92
2.76
3.28
3.23
3.40
5.17
3.78
2. 51
-
Dividend rates, prices, yields, and earnings, common
stocks (Moody's):
Dividends per share, annual rate (200 stocks) .dollars. _
Industrial (125 stocks)
do
Public utility (24 stocks)
do
Railroad (25 stocks)
do
Bank (15 stocks)
do
Insurance (10 stocks) _ _ .
. -do__
Price per share, end of month (200 stocks) 9
Industrial (125 stocks)
Public utility (24 stocks)
...
Railroad (25 stocks)
Yield (200 stocks)
Industrial (125 stocks)
Public utility (24 stocks)
Railroad (25 stocks)
Bank ( 1 5 stocks) __ __
Insurance (10 stocks)
do ._
do
do
do
_
__-percent_.
do
do
do
______
do _
do
Earnings per share (at annual rate), quarterly:
Industrial (125 stocks)
dollars
Public utility (24 stocks)
do
Railroad (25 stocks)
do
9 70
3.82
7 86
Dividend yields, preferred stocks, 14 high-grade
(Standard and Poor's Corp.)
percent--
4.85
4.87
4.82
4.76
4,71
4.75
4.74
4.70
4.61
4.69
4.75
4.78
4.84
4.73
217.52
671.35
87.09
153. 79
214. 81
655. 39
86.78
156.15
206. 74
624. 88
85. 87
150. 73
203. 52
614. 70
87.36
144. 17
205.04
619. 98
89.10
142. 97
203. 39
615. 64
88.91
140. 60
210. 96
644. 38
91.54
143. 04
206. 96
625. 83
93. 59
138. 36
206. 82
624. 47
94. 46
137. 39
199. 78
598. 10
94. 37
130. 98
194. 49
582. 45
92.86
125. 80
199. 54
601. 14
94.14
128. 62
202. 81
609. 54
97. 74
128. 29
212.98
632. 20
102. 79
1 39. 44
Prices:
Dow-Jones averages (65 stocks)
Industrial (30 stocks)
Public utilitv (15 stocks)
_ _
__ _
Railroad (20 stocks)
Standard and Poor's Corporation:^
Industrial, public utility, and railroad:
Combined index (500 stocks)
1941-43=10Industrial, total (425 stocks) 9 ._ _. do __
Capital goods (127 stocks)
do
Consumers' goods (193 stocks)-. _ __. do __
Public utility (50 stocks)
do
Railroad (25 stocks)
do
Banks:
N.Y. City (11 stocks)
do____
Outside N.Y. City (16 stocks)
do
Fire insurance (15 stocks)
_
do
59.06
58.03
55. 78
55.02
55.73
55.22
57.26
55,84
56.51
54.81
53.73
55. 47
56. 80
59.72
69 27
65. 01
49.00
44. 50
33.68
59. 60
61.43
46.51
44. 38
32. 54
58.71
60.28
46.14
44.60
31.01
59.46
60.31
46. 75
45.53
30.59
58.84
59. 81
46. 64
45.75
30.18
61.06
62.09
48. 65
47.35
30.81
59.25
59. 58
47.58
48.02
30.19
59. 96
59.76
48.16
48. 65
30.19
57.96
56.77
46.51
48.64
28.76
56.90
55.25
45.68
47.34
27.77
58.89
57.42
46.96
47.83
28.93
60.22
59.11
47.98
49.78
29.03
63.20
61.46
48.96
52. 73
31.43
29.47
56.59
33.19
28.80
56. 47
33.66
26. 80
53. 94
33. 23
26.87
52.78
33.24
26. 36
52.54
33.78
26.06
51. 25
32.69
25. 70
50. 94
33.81
25. 71
52.09
34. 24
25.26
52. 64
34. 81
25.63
52.89
33.87
25.43
52.32
33.01
25.58
53.91
33. 75
26.60
55. 37
37.02
27.78
57.12
38. 97
4,167
129, 141
3,616
103, 097
3,950
121,791
3,495
100, 674
3,938
117, 547
4,780
143,470
3, 445
105, 352
3,751
116,064
3,450
109. 989
3,192
101, 085
3,295
104, 652
4,139
135, 728
3,518
85, 579
3,068
72, 566
3, 356
85, 102
2,939
70, 285
3,291
82, 391
3,967
97, 625
2,862
71, 877
3,119
80, 851
2,867
74, 704
2,700
70, 210
2,785
72, 365
3,487
94, 756
63, 932
60, 533
65. 715
57, 291
68, 827
76, 533
53, 870
65, 350
60,854
54, 431
62,002
77, 355
287, 977
5,930
291, 191
6,002
287, 416
6,050
283, 381
6,074
291, 688
6,181
298, 143
6,274
292, 392
6,306
300, 901
6,341
283, 318
6,370
281, 529
6,388
292, 991
6,398
306, 967
6,458
Shares listed, N.Y. Stock Exchange, end of mo.:
Market value all listed shares
mil. of dol__ 307, 708
5,847
Number of shares listed
millions
Revised.
*> Preliminary.
§For bonds due or callable in 10 years or more.
JRevisions for 1957-1959 are shown on p. 36 of the July 1960 SURVEY.
9 Includes data not shown separately.
cfNumber of stocks represents number currently used; the change in number does not affect continuity of the series.
9. 65
4.11
6.36
63. 56
67. 14
49.97
44. 31
33. 57
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
mil. of doL. 4, 528
141,308
Shares sold
thousands
On New York Stock Exchange:
Market value
rail,
ofdol.. 3,767
90, 021
Shares sold
thousandsExclusive of odd lot and stopped sales (N.Y.
Times)
_ _ thousands .. 72, 244
r
8.40
4.08
3.09
10.00
3.99
5.28
10 35
3.89
4 48
89, 108
SUEVEY OF CUEEENT BUSINESS
February 1961
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1959
December
S-21
IS 60
January
February
March
April
May
June
1961
July
DecemAugust SeptemOctober November
ber
ber
January
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
BALANCE OF PAYMENTS (QUARTERLY) 0
Exports of goods and services total
mil of dol
Military transfers under grants, net
- _ do.
Merchandise, adjusted, excluding military transaction^t
mil of dol
Income on investments abroad
do
Other services and military transactions _ _ d o
6 828
460
6 734
425
7 518
615
6 948
265
4,328
1,023
1,017
4 604
705
1,000
5,000
744
1,159
4, 673
783
1,225
Imports of goods and services,
total ..
Merchandise adjustedfc? 1
Income on foreign investments in TJ S
Military expenditures
Other servicescf
5,962
3,986
250
752
974
5, 761
3, 820
249
764
928
6,049
3,858
233
736
1,222
6,022
3, 555
222
790
1,455
_. _do__ _
do
do
do
do
Balance on goods and services
Unilateral transfers (net), total
Private
Government
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
+866
+973
+1, 469
+924
do
_.do
do
— 1, 123
-153
-970
-1,000
-142
-858
-1,239
-163
-1,076
-879
-156
-723
-536
-773
-768
-546
—222
+751
+50
—6
-1,064
-683
-381
+885
+94
—145
-1,008
-864
-144
+514
+637
-188
do
do _ _
do
do__ _
do
do
+237
+495
+72
+226
FOREIGN TRADE
Indexes
Exports of U.S. merchandise:©
310
Quantity
1936-38—100
681
Value
_ _ - -_ _
__do_ __
219
Unit value
do
Imports for consumption:©
255
Quantity
do_ _
698
Value
do
274
Unit value
_ _ _ _.
_ _ _.do
Agricultural products, quantity:
Exports, U.S. merchandise, total:
206
Unadjusted
1952-54=100
167
Seasonally adjusted
_ ___
do
162
Cotton (incl. linters), seas, adj
do. _
Imports for consumption, total:
119
Unadjusted
__
__do
108
Seasonally adjusted
__
do
116
Supplementary imports, seas, adj
do _ _
105
Complementary imports, seas. adj
do
Shipping Weight
Water-borne trade:
8,701
Exports, incl. reexports §
thous. of long tons16, 595
General imports
do
Value O
Exports (rndse.) , including reexports, totall
mil. of dol_ . 1, 674. 5
By geographic regionsrA
66.6
Africa _
'
_.
,__
do
305.2
Asia and Oceania
do
514.9
Europe
do
Northern North America
Southern North America
South America
By leading countries: A
Africa:
United Arab Republic (Egypt Region)
Union of South Africa
Asia and Oceania:
Australia, including New Guinea
Colony of Singapore
India and Pakistan
335
736
219
323
706
219
312
690
221
297
654
221
296
654
221
323
710
220
333
731
220
205
567
276
228
628
275
241
666
277
220
608
276
221
611
277
229
632
276
201
558
277
220
607
276
204
565
277
205
564
276
209
573
275
211
196
260
197
189
202
190
176
207
195
201
205
180
193
171
178
201
162
176
*?27
504
152
191
69
165
178
91
199
181
152
238
200
292
84
74
96
62
113
106
111
103
116
101
112
94
105
91
100
85
110
116
106
124
111
114
107
120
97
108
106
109
112
122
113
129
101
P6
97
112
120
108
7,282
7,034
12, 805
14 594
7,618
14, 472
9,192
14, 809
9, 460
15,424
9, 768
17,353
9,575
14, 405
10, 934
17. 128
1,561.8
in
no
99
121
91
125
r
1, 576. 1
1 , 751 . 2
1,822.9
1, 809. 5
1, 738. 1
1, 699. 3
1, 612. 7
1,610.1
1, 743. 9
52.5
311.2
498. 5
57 8
327 4
470 1
65.0
364. 1
493.3
72 5
351.3
526 4
63. 1
332. 1
570 6
60 1
323.9
532 8
65 0
347.2
533 7
72 9
312 6
522 5
54 5
300 6
551 7
67 3
334 2
572 2
65 0
372 4
612 0
295 4
132 2
158. (>
337.2
151.0
165.3
351.3
151.3
180.6
348. 1
141.0
184.3
330. 3
146.0
180.5
283.2
139.5
181.7
288 7
132.4
161 5
288 3
132.7
164 1
310 8
138 8
200 1
313 3
128 0
170 9
1,796.7
do
do
18.8
21.2
12.5
16.7
10.3
23.3
14.1
22.6
15.9
26.7
9.1
25.3
7.6
23.5
6.9
31.2
11.1
30.8
9.0
19 8
15 8
22 2
21.6
17 5
do
do
do -
24.5
30.0
19.9
2 2
47. 4
26.0
2.8
61.3
23.8
3.1
78.8
27.7
36
81.2
30.9
3.2
69.8
31.7
39
63.2
41.6
38
66.1
37.4
4 0
61 3
35. 0
35
52.9
38 4
35
68 9
41.4
4 o
72 1
106.4
12.3
23.2
107.5
8.8
23.0
115. 7
9.6
28.1
111.4
4.3
26.2
106.0
6.4
22.7
101 3
4.0
22.0
121. 1
5.7
25.3
93 5
51
21.6
98 0
52
21.9
99 6
56
24.3
115 9
9 5
25.2
(0
41.3
53.1
.3
91.5
48.7
0
94.1
47.3
.4
96.7
46.8
84.2
49.3
1.8
82.3
57.3
3
80 4
48.6
1
81 9
44 3
2
87 5
46 0
1
93 8
50.3
4.6
94.7
47.8
.4
93.5
55.4
2.1
98.5
53.7
1.9
135.4
60.4
1.9
117.0
49 9
5.9
99.6
54 5
3.2
152.3
52 0
4.3
145 9
52 3
4.4
127 9
do -do
do
. .
337
741
220
283.0
Italy
__
__ __.
Union of Soviet Socialist Republics
United Kingdom
_
North and South America:
Canada__
__
_
323
711
220
306. 5
153.0
174.0
do
do
do
Argentina
Brazil
Chile
290
640
221
do
do
do
Japan
Republic of Indonesia
Republic of the Philippines
Europe:
France-.
East Germany,
West Germany
Latin American Republics, total 9. .
288
633
220
do
do _do
2.7
121.3
8.0
25.6
53.0
0)
87.2
133. 4
159.5
50.3
.2
97.1
o
86.3
46.3
44.4
97.4
100.7
do
306.5
283.0
295. 4
337.1
351.3
348 1
329 8
283 2
288 7
288 3
310 7
313 2
do
303.4
270.1
268.7
290.4
306.7
302.3
302.8
296.3
271.5
273.1
312.9
272.5
25.7
31.5
15.0
24.7
27.6
16.2
26.7
19.8
15.1
22.9
29.6
12.9
24.5
30.8
16 7
25.9
40.0
16.6
31 8
47.0
16 2
30 8
42 1
17 6
28 7
38 0
12 9
34 3
35 2
15 0
37 7
33 9
21 0
30 1
37 3
18 0
do .. do
_ .do
2.8
1.2
55. 5
4.4
114.8
1, 796. 6
Colombia
do..
21.8
20.6
19.9
20.0
23.7
22 7
19 4
20 8
17 3
18 0
20 8
19 2
Cuba
do
21.5
31.4
26.1
23.8
25.7
23.2
21.7
19 5
18 1
17 8
17 1
39
69.1
71.2
60.6
Mexico _ _ _
do
59.2
68 5
66 8
74 4
67 0
66 6
63 3
65 5
68 1
Venezuela
do
50.4
54.5
52.9
52.2
42.4
50.2
43.9
36.9 1
40.9
39.1
62.6
40.9
r
Revised.
*> Preliminary.
1 Less than $50,000.
® Revisions for 1958-lst quarter 1959 appear on p. 14ff. of the June 1960 SURVEY.
^Adjusted for balance-of-payments purposes, mainly for valuation, coverage, and timing. cfExcludes military expenditures.
©Revisions for January 1958-January 1959 will be shown later.
§Excludes "special category" shipments and all commodities exported under foreign-aid programs as Department of Defense controlled cargo.
IDatainclude shipments (military and economic aid) under the Mutual Security Program. Total MSP military shipments (including, since early 1956, also ' 'consumables and construetion"shipments) are as follows (mil. dol): December 1959-December 1960, respectively—105.2; 77.7; 78.9; 117.2; 114.7; 94.0; 100.0; 70.2; 62.6; 53.6; 53.9; 73.1; 53.3.
AExcludes "special category" shipments.
9 Includes countries not shown separately.
February 1961
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1961
1960
1959
December
January
February
March
April
May
June
July
August
Septem- October Novem- December
ber
ber
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
|
FOREIGN TRADE— Continued
ValueO— Continued
Exports of U.S. merchandise, totaH
mil. of dol__ 1 , 658. 8
By economic classes:
245. 3
Crude materials
do
126.2
Crude foodstuffs
do
92.3
Manufactured foodstuffs and beverages
do
260. 0
Semimanufactures 9
do
935.
0
Finished manufactures 9
do
By principal commodities:
420.0
Agricultural products totalcf
do
1,543.7
1, 559. 2
1,733.1
, 805. 9
1,793.6
1, 721. 7
1,682.5
1,594.7
1,594.6
1, 729. 4
1,782.8
242.7
122.4
82.9
239. 8
855. 9
208.2
130.7
93.3
251. 1
875. 9
201.2
128.6
93.2
283.2
1 , 026. 9
189.9
152.0
93.0
304. 4
1,066.6
197.2
153. 1
81.0
310. 4
1,051.9
191.9
130.4
90.5
333.3
975. 7
196. 6
126. 6
83.3
313. 5
962.6
163. 7
123.7
94.5
337.0
875. 7
188. 3
145.7
96.8
287.8
876. 0
239.3
143.8
102.3
285.2
958. 9
283.2
146.9
99.9
286.0
966.9
287. 0
144. 1
106. 2
292.7
947.6
413.2
399.1
388. 2
393.3
388. 5
366. 8
358. 6
327.1
369.4
431.9
495.8
504.2
do
do
do
do
do
89. 1
29.8
123.9
24.0
50. 9
137. 5
32.7
121.4
25.5
23.9
106. 6
29.7
136. 6
22 9
26.6
100.3
28.5
137.0
24.4
28.1
87.3
29.2
1 59. 0
27.6
16.5
69. 6
32.1
150. 2
24.2
26.3
65.4
37.3
123.2
22.5
30.8
86. 5
31.4
120.3
22.7
22.3
15.9
31.0
115.6
24.4
36. 6
26.3
38.8
141. 5
25.4
74.7
59.4
39.4
143. 3
28.9
74.8
98.4
27.3
154.4
25.6
72.3
134.7
31.3
156, 3
27.3
43.1
do
, 238. 8
1,130.5
1, 160. 1
1 , 344. 9
1.412.6
1, 405. 1
1,354.9
1,324.0
1,267.6
1, 225. 1
1, 297. 5
1, 287. 0
1.273.5
Chemicals and related products!
Coal and related fuels
Iron and steel products©
do
do
do
99.4
152.4
29.8
53.8
112.5
132.7
21.8
50.1
122. 8
121.1
22.5
55.0
125.1
1 46. 6
22.5
67.2
121.5
150.6
33. 3
71.6
121.7
142. 5
32. 6
84.2
108.7
142.9
32.6
96.9
87.0
145. 3
31.7
83.1
82.4
140. 9
37. 5
92.4
78.1
141.8
34.0
70.1
108. 5
144. 9
36.1
73.7
119.4
132. 9
29.4
71.9
105. 7
140. 1
23.4
62.1
Machinery totai§c?
do
341. 4
315.5
330.2
369. 8
384.8
373. 2
356. 8
372. 7
331.3
332. 5
367.7
377.0
382,1
1 5. 0
34.2
87.2
26.2
1 88. 6
18.1
36 9
87.8
29.2
192. 6
16.2
35. 6
89. 6
33. 1
178.6
14.6
31.2
75.7
29.9
183. 6
11.9
30.1
89.0
32,0
188.7
11.4
?9 7
78.5
27.9
165.5
8.3
29.8
80.4
168! 3
9.4
32.2
85.7
29.5
185. 7
8.8
28.4
94.6
37.3
183.4
8.9
30. 6
82.6
46. 5
184. 8
40.5
57. 2
47.1
56. 0
40.6
60. 6
41.0
50. 7
39 2
52.5
39.9
61.6
37.5
57.4
37.8
58. 2
1.157.1
Cotton unmanufactured
Bruits vegetables and preparations
Grains and preparations
Packinghouse products
Tobacco and manufacturesA
Nonagricultural products totaled1
9.8
32.7
73.9
24.5
156.7
12.6
35. 6
73. 5
26 9
16L4
do
do
44.6
66. 8
37.8
54.8
35.0
58.4
40.5
61.5
44.9
64.4
General imports total
By geographic regions:
do
1,477.8
1,137.4
1,287.8
1 , 375. 3
1,257.4
1 , 259. 5
1,313.0
1,155.0
1.228.1
1, 160. 3
1.157.2
1,160.8
do
_do
41.6
234.7
359.0
47.9
235. 9
406. 2
58.4
254. 2
435. 1
45. 5
264. 0
381.6
51.4
243 ?,
367. 9
47. 4
273. 9
356. 1
44. 5
260. 0
308. 3
39. 9
Asia and Oceania
Europe
._ ___
60. 7
264. 4
471.7
2;;(). 3
307. 0
43. 9
237. 9
323. 0
36. 5
227.2
340. 4
36.1
220 5
3381 2
do
do
288. 8
140. 9
251. 3
218. 1
117. 6
166. 5
234. 9
158. 4
204. 5
256. 0
158.7
213. 0
225. 3
1 40. 5
200.4
254. 4
156.3
186.2
271.7
131.0
232.9
233. 2
123. 9
185. 1
261. 1
106. 8
223. 1
238. 2
109. 2
208. 1
240.9
93. 2
219.0
249.1
106. 4
210. 5
do
.3
14.8
12'. 7
9.5
5.0
12.6
3.4
8.5
4.4
9.7
3. 7
9.4
6. 0
5.6
1.7
8.0
1.5
9. 1
.7
8.2
6.6
Asia and Oceania:
Australia, including New Guinea
Colony of Singapore
India and Pakistan
Japan
Republic of Indonesia
Republic of the Philipnines.._ ..
Europe:
do
do
do
do
do
_ do _.
20 7
2.4
21.0
107. 8
15.0
14.7
14.0
1.4
20.1
93.8
21.6
22.0
16.2
1.7
25. 2
83. 0
1 5. 8
24.8
11.1
1.1
23.4
98. 8
14. 5
27. 0
14.8
2.0
21.7
100.2
1 6. 4
26. 5
7.0
1.7
22.3
96.0
17. 5
23.8
9.1
4. 1
23 2
103 ! 6
22.9
29.4
18.9
.9
9fx4
14. 3
36.9
16.7
1.2
19.6
109. 9
35-. 2
9.8
1.2
22.5
96. 7
17.3
19. 5
8.6
1.1
19.5
95. 3
15.7
19.9
5. 5
.9
20. 4
91.5
15. 0
20.3
33.6
46.8
2
9()'. 6
40.0
1.9
107.8
38.0
.2
77.4
36.3
2.2
88.5
72! 9
27.3
1.2
94.2
2<4 4
'.3
71. 1
33.2
2.8
93.8
30.7
.4
68.2
26.6
2.2
66.6
29.1
.3
63. 0
34.4
1.8
69.1
22.8
.3
71.3
28. 6
1.3
73.8
28.6
2
75! 1
35. 9
1.8
72.8
31.1
~" dri ~~
do
do
do
43.2
.3
88.4
35.4
3.3
92. 8
35.1
Tf"• "'t Per
_ man
..... v
"
Italy
Union of Soviet Socialist Republics
United Kingdom
North and South America:
45.0
_ 2
99^4
44.0
3.0
103. 6
288.7
218. 0
234.8
255. 9
225. 3
254. 3
271.6
232.9
260.6
238.0
240.7
248.9
do
353. 0
252. 4
324.4
336. 7
306.4
308. 5
332.4
273.4
291.0
280.6
278.5
276.8
11.5
44.9
19.8
26.4
51.6
45.4
84. 6
1 , 366. 1
9.3
47.4
17.0
18.8
48.2
38.8
84.2
1,246.3
8.6
47.7
13.8
24.0
60.3
40. 1
72.5
1,253.1
9.0
62.0
18.5
21.6
47.7
28. 2
9ol3
L295.6
8.3
49.2
13.5
18.0
46.6
24.3
68.4
1,144.8
9.1
57. 5
24.6
22.1
11.7
33.1
76.0
1, 245. 3
7.6
54.4
15.7
23.5
7.9
44.0
78.2
1, 159. 1
6.9
48.9
19.8
36.2
7.6
27.8
76.7
1, 156. 9
5.7
45.0
9.1
35.3
6.2
31.3
81.9
1, 175. 9
1,151.0
Agricultural
Tractors, parts, and accessories
Electrical
__
Metal working §
Other industrial
Petroleum and products
Textiles and manufactures
Southern North America
South America
P.v leadiny countries:
Africa:
United A. rib Republic (F°'vpt Re^on)
American Re ublics total
do
do
do
do
do
8.8
26.1
84.1
27.3
174.5
Brazil
Chile
Colombia
do
do
do
M^exico
do
Imports for consumption total
do
By economic classes:
Crude materials
do
Crude foodstuffs
do
Manufactured foodstuffs and beverages
do
Semimanufactures
do
Finished manufactures
do
By principal commodities:
Agricultural products totaled
do
Cocoa (cacao) beans iricl shells
do
Coffee
do
Rubber, crude, including guayule
do
Sugar
- - __do_
Wool and mohair, unmanufactured
do
Nonagricultural products totaled
do
Furs and manufactures
do
Iron and steel products©*
do
Nonferrous ores, metals, and mfs., totalcf— do
Copper, incl.crore and manufactures
do
Tin includin ore
do
Paper base stocks
do
Newsprint
- do
Petroleum and products
do
71)1 2
28.8
.9
86.9
9
69. 5
34.0
.6
77.7
8.8
66. 5
25.8
30.1
27.5
39.1
96.3
1,431.6
1,162.5
8.4
49.2
12.8
31.2
40.8
52.4
79.8
1,288. 6
283.3
189. 5
127.9
322. 7
508. 1
245.0
111.4
105. 9
289. 9
410.3
246. 8
165. 9
117.3
293. 5
465.1
261.3
J66. 2
131.8
308.3
498. 5
255. 1
140. 0
138.9
254. 8
457. 5
256. 3
155. 6
144.9
243. 3
453. 0
281.8
152. 6
140. 6
269. 2
451. 4
236. 5
127.4
135.3
228.3
417. 4
290.7
142. 6
137.6
248. 2
426. 2
244.0
134.1
134.3
234.5
412.3
229. 9
146. 1
122. 4
233. 3
425. 2
219.2
141.0
139.4
245.6
430.7
231.8
149.2
115.5
242.6
411.8
367.2
23. 0
113. 3
35.7
26.2
18.1
1,064.3
21.0
82.8
111.4
43.5
7. 4
28.3
65. 1
141.5
270.1
9. 5
56. 8
26.9
32.2
18.3
892.4
16.8
70.2
115.7
40.3
12.5
24.9
48.2
126. 6
343. 1
11.6
101.7
32.7
42.4
19.4
945.5
13.5
69.9
103.2
43.1
9.1
30.1
53.6
131.8
362.9
12.6
95.1
31.4
50.2
23.9
1,003.2
9.8
69.3
98.6
33.2
10.4
29.3
58.1
134.6
336. 1
13.5
74.7
30.4
48.3
17.2
910.2
9.7
52.0
92.8
31.4
8.9
25.0
54.6
130.2
342.3
16.7
82.3
26 8
58.3
13.8
910.8
7.0
42.9
96.1
37.5
9.6
27.0
61.0
113.6
343.4
17.4
84.3
26.8
49.9
19.7
952.2
8.4
38.8
100.4
37.7
13.2
29.6
60.5
138.6
305. 7
10.7
78. 0
25. 0
50.0
15.5
839.1
5.8
30.2
94.3
29.6
7.3
25.0
52.9
108. 2
344.8
11.6
91.8
32.7
39.5
17.3
900.6
4.9
30.7
101. 5
35.3
11.3
33.1
61.6
125.8
310.2
9.8
87.5
25.6
41.3
14.0
848. 9
4.7
35.1
78.8
286.3
8.4
93.8
19.6
24.8
13.9
870.6
5.2
r
31.8
90.0
23.4
9.6
29. 1
59.8
119.0
292.3
8.9
83.0
20.4
39.7
12.1
883.7
6.2
30.7
87.5
29.1
6.7
31.2
65.2
135. 7
295. 4
12.2
82.7
24.1
28.7
11.9
855.6
17.2
28.5
86. 9
33. 2
9.4
23.1
59.3
141.6
7. 0
27. 7
18.9
18.6
25. 6
38.6
8l5
28.7
54. 6
122.4
January
SUEVEY OF CURRENT BUSINESS
February 1961
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1959
December
S-23
1960
January
February
March
April
May
June
1961
July
August
Septem- October NTovembcr
ber
December
January
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines§
Scheduled domestic trunk carriers:
Financial operations (quarterly totals):
Operating' revenues total?
mil. of dol
Transport, total?
do
Passenger
do
Property
__do
U S mail (excl subsidy)
do
462.1
458.7
414.1
28.8
12 2
452 9
448.4
406 8
28.4
10 9
500 0
496.3
451 8
29.1
11.4
v 529 4
P 525 6
v 478 8
P 30 6
p 11 1
do
do_ __
461.6
5.0
d
474 7
13.7
481.7
8.6
P 496 7
P 10. 9
Operating results:
Miles flown, revenue
thousands...
Express and freight ton-miles
flown
do
Mail ton-miles
flown
do
Passengers originated, revenue _
do_ __
Passenger-miles flown revenue
millions
63, 577
32, 087
14, 986
3, 745
2,377
62, 564
27, 274
9,741
3, 732
2, 416
58, 697
29,814
9 729
3,440
2 136
62, 397
30, 937
11 047
3, 670
2 284
61, 874
30, 280
10 857
4,019
2 505
61, 498
30, 236
10 364
4,002
2 444
59, 825
30, 890
10, 512
4, 1 83
2,720
63, 132
29, 109
10 030
4 013
2 706
64, 034
32, 474
10, 786
4,166
2, 745
59, 057
35, 169
10, 917
4, 037
2,547
thous. of dol__
do_ __
40, 834
17,171
27, 508
7,970
29 691
9 930
32 782
12, 634
30,815
11,003
30, 308
10, 737
30, 923
11,412
25 233
5,766
31,618
11,731
31,867
10, 675
31 300
10. 621
30 961
10, 552
cents
millions..
..mil. of dol__
18.4
680
125. 8
18 6
622
114.4
18 6
613
112 7
18 7
680
123 8
18 8
652
121 9
18 8
647
118.9
18 8
620
115.0
18 9
554
108 1
18 9
584
113.3
18 9
610
110 4
19 0
634
122.2
19 1
624
121 1
19 1
649
9 401
Operating expenses (incl depreciation).
Net income (after taxes)
_
' 59, 757 55, 199
32, 691
*r 35, 994
11 257
11 043
r
3, 965
3, 518
2 487
2 129
Express Operations
Transportation revenues
Express privilege payments
Local Transit Lines
Fares average cash rate©
Passengers carried, revenue©
Operating revenues©
Class I Motor Carriers (Intercity)
Carriers of property (quarterly totals):
897
Number 0of reporting carriers
1,199.7
Opcratin ' revenues total
mil. of dol
1,181.2
Expenses total
do
70.3
Freight carried (revenue')
_ ..mil. of tons..
Carriers of passengers (quarterly totals):
Number of reporting carriers
Operating revenues total
mil. of dol
Expenses, total
___ _ __do _
Passengers carried (revenue) _ _
millions..
_
137
105. 4
96.3
55. 8
949
1 182 7
1 159 9
79 4
944
1, 193 9
1, 1 53. 0
69.8
935
1 207 4
1,161 3
68.9
139
92 3
90 9
51.4
140
115. 8
99.7
57.5
140
140 9
110 6
61.9
CJa,*f I Railroads
Freight earloadings (A. A. H.):cf
Total cars
Coal
Coke
Forest products
thousands
do
do ._
do
Grain and Grain products
Livestock
Ore
Merchandise, l.c.l
Miscellaneous
_
do
do
do
do
do
Freight carloadings, seas. adi. 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
do
do
do
do
do
F in an cia 1 operations :
Operating revenues, total 9 _
Freight _
Passenger
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..
2, 861
548
55
183
r
9 2(S3
423
46
154
2 3()0
427
47
155
3 088
530
50
1,271
185
14
85
149
1 ?37
1 94
17
79
153
1 ot>8
93S
120
97
142
143
I1 9
95
143
141
113
87
137
129
134
36
403
24
129
137
35
310
24
131
133
32
297
24
845. 8
696. 3
60. 5
789.3
667 7
55 1
654. 3
114. 1
77. 3
94.8
2, 386
~461
"•48
'•157
2, 514
451
2 559
430
33
157
0
156
847
357
29
180
2 385
420
22
160
2 274
408
20
152
3 189
546
30
193
2 203
388
23
135
189
1 635
175
20
289
146
1 308
203
15
290
1389
1 23
344
16
329
167
1 4°5
234
16
239
140
198
%
202
133
1 136
329
50
233
I 7 ')
1 629
26
90
12 ( >
1 150
239
20
59
138
1 296
110
87
146
126
111
88
126
130
109
90
107
124
102
83
89
121
7
66
78
120
123
97
89
68
118
104
90
79
118
99
83
76
115
96
82
65
113
150
34
185
24
1°5
141
39
185
149
31
163
169
31
150
150
30
139
99
29
1°3
113
110
108
135
39
120
21
106
188
47
97
22
113
186
36
97
127
150
38
25?
24
121
149
30
137
19
107
774. 2
658 9
50 9
847.6
723 4
59 9
823. 6
698 1
51 0
829. 5
705
1
R
l 7
824 2
694 7
60 ?
759 1
6^4 1
60 6
809. 0
679 4
60 5
754 4
64° 9
44 2
815.8
695 4
46 5
756 5
638 0
AQ 5
633. 9
620. 7
658. 6
634. 1
648 3
644 0
628 7
646. 9
608 3
624 8
603 4
111.8
43. 6
30.4
111.3
42.2
24.6
127.8
61.2
44.2
124.4
65. 1
48.2
120. 0
61.3
47.3
123.1
57.0
43.1
106. 4
24. 0
9.6
117.7
44.4
29.9
111.6
34. 5
25.9
121.2
69.8
54.8
106. 1
47.0
33.9
49, 502
1.431
2,030
50, 265
1.384
1,824
46, 732
1. 435
1,628
51, 597
1.441
1, 654
51, 357
1.398
1. 675
52, 664
1.386
1,691
49. 687
1.422
2,054
46, 752
1.415
2,207
49,219
1.404
2,132
48, 566
1.369
1,480
51,923
1.367
1,505
46, 204
12,942
11,018
1,924
11,712
9, 874
1,837
12, 320
10, 337
1,983
12, 067
9, 967
2, 100
13, 865
11 512
2, 353
15, 198
12 309
2, 889
14, 960
12 068
2,892
15, 104
12 009
3 094
15, 095
12 152
2,943
5 249
1,094
4 871
873
5 159
1 063
5 609
1,256
4 988
1 080
5 595
1 420
5 193
1 268
5 583
1 097
5 361
933
4 843
98^
5 065
l'o 9 4
K i ni
208
23
168
171
1, 504
^196
T
19
r
88
r 147
r
9()0
9\
Q
1 154
99
86
91
109
477
159
Waterway Traffic
Clearances, vessels in foreign trade:
Total U.S. ports
thous. of net tons..
Foreign vessels
_
do
United States vesselsdo
Panama Canal:
Total
In United States vessels
thous. of long tons
do
r
d
Revised.
* Preliminary.
Deficit.
§ Data beginning 1959 include operations intra-Alaska and mtra-Hawaii, not included in earlier figures
9 Includes data not shown separately.
©Revisions for 1958-October 1959 are available upon request.
of Data for December 1959 and April, July, October, and December 1960 cover 5 weeks; other months, 4 weeks.
997
9T0
1 922
38°
21
129
91]
15
44
109
1 Oil
99
89
65
191
1 56
28
16-)
19
ino
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
December
February 1961
I960
January
February
1961
I
March
April
May
June
July
DecemAugust Senteni- October November
ber
ber
January
TRANSPORTATION AND COMMUNICATIONS— Continued
TRANSPORTATION— Continued
Travel
Hotels: 1
Average sale per occupied room
dollars
Rooms occupied
percent of total
Restaurant sales indexf
same month 1951 = 100 Foreign travel:
U.S. citizens: Arrivals
thousands .
Departures
_
do
Aliens* Arrivals
do
Departures
do
Passports issued and renewed _ _
_ _ _. do National parks visits§
do
Pullman Co.:
I? o venue passenger-miles
millions- .
Passenger revenues
- thous. ofdol -
8.55
53
115
8.82
66
116
8.90
68
118
8.61
68
124
9.38
67
116
8.73
69
125
9.26
67
117
8.67
57
113
9.60
65
112
9.47
67
114
10.04
72
114
9.62
63
107
8.72
50
110
8.91
63
111
110
120
82
91
38
528
127
136
82
62
56
1561
131
146
78
62
72
574
144
146
90
73
100
608
147
171
99
79
119
1,131
158
178
111
91
114
1,805
178
259
110
111
98
3,748
222
256
123
110
69
6, 434
283
192
139
100
64
5,996
220
147
146
106
49
2, 574
163
136
125
98
40
1,778
37
886
35
iSOS
56
288
4, 590
342
5,525
312
5,052
317
5, 130
284
4,581
251
4,011
299
4,745
301
4,734
281
4,416
207
3, 237
242
3,853
214
3,507
679. 3
383.0
232.5
423. 3
120. 4
62.0
667.1
381.0
221.3
395.9
111.3
62.2
665. 2
381.8
218.2
398.1
109. 6
62.5
692.8
387.8
239.9
422.8
110.9
62.8
688.9
389.2
233.9
408.2
117.0
63.1
696. 6
390.8
239.3
416.9
116. 5
63.4
700.1
392. 8
240.1
420. 5
116.6
63.5
689. 1
388.1
232.7
410.4
116.6
63.8
712.8
393.3
251. 4
426.6
121.0
64.0
704.0
396.3
238.5
424.9
118.2
64.3
711.0
402.3
239.8
424.3
122.5
64.6
707.2
402.4
235.4
424.4
120.5
64.7
22, 671
18, 993
3, 089
20, 356
18, 518
579
20, 526
18, 082
1, 260
22, 354
19,146
1,984
21,356
18, 543
1,619
21, 825
18, 975
1, 643
22, 626
19, 798
1,647
20, 517
20, 159
*758
22, 667
20, 050
1, 533
23, 042
20, 282
1,741
22, 424
19, 957
1,610
21 , 735
19, 794
1,120
3, 343
2, 751
283
2, 976
2,478
135
3,001
2,412
230
3, 346
2, 534
452
2, 970
2, 513
157
3,122
2,612
189
3,000
2 557
155
2,878
2,301
258
2, 977
2,527
153
2,955
2, 513
159
2,919
2, 480
141
2,920
2,426
190
4, 444
3, 367
91G
4,148
3, 177
822
4, 243
3,205
887
4, 365
3, 394
823
4, 007
3, 1 42
4,200
3, 282
760
4,227
3, 425
637
3, 936
3, 338
454
4,193
3,394
657
4,328
3,348
838
4,245
3,318
802
4,145
3,313
744
COMMUNICATIONS
Telephone carriers:
Operating re venues 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 ofdol
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
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production: J
Acetylene
_ mil. o f c u . f t Ammonia, synthetic anhydrous (commercial)
thous. of short tons
Calcium carbide (Commercial)
do
Carbon dioxide, liquid, gas, and solid
do
Chlorine, gas
Hydrochloric acid (100% HC1)
do
do
Nitric acid (100% HNO 3 )
do
Oxygen (high puritv)
_
mil. of cu. ft
Phosphoric acid (100% PaOs)
thous. of short tons
Sodium carbonate (soda ash), synthetic (58% N'n a O)
thous. of short tons
Sodium bichromate and chromate
do
Sodium hydroxide (100% NaOH)
do
Sodium silicate (soluble silicate glass), anhydrous
thous of short tons
Sodium sulphates (anhydrous, re fined; Glauber's salt;
crude salt cake)
thous of short tons
Sulfuric acid (100% HaSOO
do
Organic chemicals :cf
Acetic acid (synthetic and natural), production
thous of Ib
Acetic anhydride, production
do
Acetylsalicylic acid (aspirin), production
do
Alcohol, ethyl:
Product! on t
thous of proof gal
Stocks, end of monthj
_
do
Used for denaturation
do
Withdrawn tax-paid^
do
Alcohol, denatured:
Production
_
thous. of wine gal
Consumption (withdrawals)
_ do _
Stocks end of month
do
Creosote oil, production
DDT, production _ . ___
Ethyl acetate (85%), production
thous. of gal
thous. of Ib
do
1,096
1,090
1,068
1,148
1,026
1, 082
926
938
976
942
976
420. 3
103 9
62.0
396.4
92 2
66.8
381. 3
87 9
65.8
423.4
100 8
66.2
416.2
96. 6
73.3
434. 0
100 5
84.6
407.9
92 4
95.6
382. 3
380.3
364.8
387.3
97.6
100.0
89.3
77.0
66. 0
62.6
379.7
83.6
385. 3
94.9
369. 5
90.6
397.2
94.6
383.9
93.5
395. 4
90. 0
377.1
76.8
384. 9
77.7
390.5
79.6
371.1
78.4
390.7
84.2
377.1
'80.8
363. 8
73.3
288.2
5,129
160.7
288.0
5, 094
162.4
280. 7
4,771
158.8
304.5
5, 135
183.9
275. 5
4,778
183.0
265. 1
4. 804
189. 9
234. 6
4,488
171.2
242.4
4,220
159.1
255.3
4, 404
184.2
281. 0
4, 601
165. 3
288.0
4. 594
183.4
300.2
4, 504
175.0
301.0
4,423
170.1
402. 3
10.6
404.1
388.7
11.8
415. 4
381.9
9.9
401.0
415.9
10.1
428.3
399. 0
11.1
407.7
392.2
11.2
422.5
370. 1
10.9
402.9
371.3
10.9
406. 5
388.2
9. 0
416. 4
364. 8
9.6
388.9
383. 6
10.4
410.0
360.0
8.8
403.4
341.7
83
387.9
34.6
28.6
45.4
44.2
49.7
43.2
37 1
87.6
87 6
1, 495. 4 1,336 0
85.6
1,403 8
86.5
1,350 3
89 0
1,491 1
91.6
1 433.8
88 5
3 428 4
r
966
998
408. 6
424.1
r
40.7
30.4
39.7
49 1
50.3
46.3
93.4
1 548 8
92 4
1 589 4
90.5
1, 501 8
95.3
1 619 1
89.5
1, 556 4
92.4
1 614 2
62, 266
104, 529
1, 805
60, 536
93 744
2,014
65, 926
93, 302
2 004
67, 137
99, 010
2,073
59, 955
89, 193
2,056
67, 261
98, 308
1,992
65, 844
94, 200
1,906
71,165
88, 703
1,696
64, 235
82, 410
1,808
60, 328
85 665
1,733
59, 602
77, 574
1,667
62, 894
81,491
2,022
41, 904
25, 266
47, 999
570
42, 520
29, 279
41, 659
620
41, 550
29, 124
50, 005
655
43, 492
26, 506
44,112
746
45,335
28, 410
47, 01 5
647
49, 057
33, 235
46, 502
660
47, 884 2 43. 686
33, 259 2127,911
41, 620
43, 132
706 2 3, 993
54, 943
131, 653
48, 077
5, 000
59, 228
127, 020
46, 473
5,583
61, 943
129, 532
41, 724
7,020
53, 103
130, 899
43, 002
6,157
25, 758
22, 885
5,736
22, 476
24, 587
3,669
26, 757
25,178
5,291
23, 674
25, 366
3,729
25,216
23, 167
5,723
24, 880
27, 276
3,380
22, 409
22, 094
3,721
23,154
23,611
3,281
25, 861
25, 826
3,503
24, 974
23, 181
5, 331
22, 421
23, 861
3,943
23, 101
21, 271
5,798
9,088
13, 550
10, 754
6,980
13, 863
8,588
7,085
12, 377
5,925
8,344
13,617
9, 849
9,688
13, 393
7,338
7,946
13, 748
5, 895
7,953
12, 444
7,705
7, 357
13, 531
7,648
8,413
14, 523
8,232
6, 958
13, 750
7,810
6,999
14, 486
6,706
7,454
14, 283
7,103
97, 062 100, 626 112,629 121, 499 115, 627 111,679 104, 939
96, 402
105, 406 114,344 108,128 107, 262
Ethylene glycol, production
do
140, 888 148, 791 147, 966 156, 861 147, 933 138, 955 143, 938 110,367 148, 282 142, 755 149, 370 136, 113
Formaldehyde (37% HC HO), production
do
Glycerin, refined, all grades:
24, 500
23, 600
21,000
27. 700
24, 800
22, 900
24, 500
24, 300
24, 200
26, 600
23, 500
25, 100
Production
do
20, 900
26, 600
28, 100
29, 100
27, 400
42, 500
40, 200
43, 100
46, 500 329,200
Stocks, end of month _
_ „_ _ do _
42, 300
26, 500
40, 100
30, 000
Methanol, production:
202
199
192
156
199
183
183
137
187
188
189
187
Natural
_ __
thous. of gal24, 502
24, 979
25, 523
26, 082
26, 502
22 524
22, 074
21,653
25, 300
25, 051
25, 235
24, 998
Synthetic
do
33, 127
31,476
35, 068
36, 550
29, 169 r 29, 924
31, 989
30,612
30, 675
30, 858
Phthalic anhydride, production
thous. of lb__ 26, 483
26, 520
r
d
1
Revised.
Deficit.
Data beginning
January 1960 reflect revised definitions of visits; comparison of January 1960 figure (on old basis) with data for January 1959 shows an increase
2
3
of roughly 15 percent.
See note "1"Data beginning June 1960 are confined to producers' and warehouse stocks (consumers' are not included).
fRevised series (first shown in October 1959 SURVEY), reflecting change in comparison base period; monthly averages (1929-59) and monthly data for 1953-59 appear on p. 19 of the
January 1961 SURVEY.
§Beginning with the October 1959 SURVEY, the figures include visits to Mount McKinley, Alaska and Hawaii National Park, Hawaii. Comparable data for earlier periods will be shown
later. 9 Includes data not shown separately.
^Revisions for 1957 appear on p. 24 of the April 1960 SURVEY; the 1958 data shown therein have been further revised. These revisions, as well as
those for January-August 1959, will be shown later.
cfData (except for alcohol) are reported on basis of 100-percent content of the specified material unless otherwise indicated.
1 Effective July 1960, data include amounts classified as "spirits."
June 1960 data on comparable basis (thous. gal.): Production, 53,137; stocks, 129,041; withdrawn tax-paid, 5,462.
SUEVEY OF CUEEENT BUSINESS
February 1961
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1959
December
S-25
I960
January
February
March
April
May
June
1961
July
August
Septem- October Novem- December
ber
ber
January
CHEMICALS AND ALLIED PRODUCTS—Continued
FERTILIZERS
343
thous. of short tons _
_ short tons- _ 567, 564
68, 680
do
377, 877
do
97, 357
_ -- - do _ _
406
430, 240
30,928
313, 707
81, 898
510
503, 586
24 632
404 784
67, 017
1,146
547, 146
36, 063
413, 006
83,988
2,205
497, 862
26, 575
425, 667
31, 353
1,431
641, 697
46. 888
522, 742
60,621
890
694, 324
42, 978
587, 210
49, 561
345
630, 124
46,690
501, 920
67, 706
216
613, 804
38, 694
496, 865
70, 879
337
617, 086
73, 801
446, 209
78, 016
393
672, 957
68, 976
467, 108
108, 186
392
386, 033
37 586
274,211
49, 269
261, 711
do
145, 033
do
do _ _ 28, 843
19, 296
do _
68, 169
do
147, 895
77, 824
25, 609
7,737
21, 885
252, 935 362, 895
118, 667 169 045
17 622 39, 043
8 814
6,918
72 275 41,117
294, 711
163, 619
29, 535
9, 863
38, 932
274, 835
134 008
48, 265
15,041
37, 563
182, 445
99, 751
63, 822
25, 386
22, 534
165, 547
66, 498
38, 929
6,458
63, 784
141, 708
76, 224
16, 312
16, 654
14, 083
235, 645
141 781
53, 628
14,380
29 817
180, 244
78,456
0
18, 488
42, 558
115,762
46 549
0
8,979
23 502
Potash deliveries
do _ . 255, 027
Superphosphate and other phosphatic fertilizers (100%
P205):1
236, 088
Production
-- short tons
356, 836
Stocks end of month
do
120, 286
182, 836
232, 181
356, 235
254, 146
194, 537
46, 769
104,888
103, 745
183, 245
118, 977
241, 784
377 896
242, 513
367 853
252, 501
318, 782
243, 929
223, 136
256, 674
224, 376
216,938
306 264
172,910
367, 655
191, 627
372, 897
185, 533
360 517
219, 677 ' 236, 812 219 476
372, 909 '425 469 434 463
182
72, 838
157
69, 874
110
73, 278
117
76, 671
42
84, 515
81
87, 324
50
87, 071
69
76, 781
128
94 301
165
86 103
195
88 276
238
80 206
186
79 907
116.2
61.6
54.6
130.3
70.3
60.0
130.7
71.3
59.4
143.2
84.6
64.6
163.6
98.5
65. 1
173.7
105. 7
68.0
181.8
109.6
72.2
156.4
96.2
60.2
167 1
102.4
64 7
150 9
89.1
61 8
140. 7
78.6
62 1
127 0
69.7
57 3
110 6
60 7
49 9
412
3,810
389
3,846
366
3,811
437
3,810
424
3, 766
420
3,720
394
3,695
420
3,734
454
3,719
373
3,655
390
3,561
400
3,553
477
3 669
4,914
8,380
216
3,895
7,724
217
3,689
8,257
232
4,743
9,611
249
3,442
7,467
4,167
7, 494
245
4,643
8,055
3,781
6,854
3 844
7,730
188
4,763
7,655
51
4 407
7,109
r
72
4 073
7,124
85
do __ 47, 318
77, 851
- - - do
28, 538
do
do _ _ 103, 701
do ._ 27, 559
47, 321
76, 715
28, 529
102, 179
30, 119
48, 810
73, 549
29, 110
101, 255
31,268
51,520
79, 436
31,576
108, 263
35, 224
43, 140
72, 840
30, 903
98, 122
33 003
43, 713
73, 536
29. 540
97, 877
32, 297
43, 75?
74, 407
28, 435
93, 688
34, 126
30, 830
72, 308
18 126
83, 926
28,260
42, 061
76,211
27 718
94, 675
30 103
43, 879
73, 316
29 036
97, 791
30 335
42, 526
76, 152
27 284
104, 584
'60 342
40 025
73 978
25 926
98,007
26 569
- do_ __ 12, 123
__do_ __ 13,752
112,660
do
25, 642
-do
11, 652
14, 155
113, 006
26, 452
10, 274
14, 460
105 663
29,572
12, 246
16, 435
114, 566
31, 232
11,366
16, 034
114 019
31,404
11,596
15, 359
120, 159
30, 238
11, 460
13, 861
102, 264
31, 314
10,060
9,865
103 695
26, 549
10 883
11, 549
106 950
30, 095
11, 154
10, 822
109 339
30, 951
10 758
12,128
112 886
33, 028
8 716
11 196
114 135
30, 449
Consumption (10 States) §
Exports total 9
Nitrogenous materials
Phosphate materials
Potash materials
Imports total 9
Nitrogenous materials total 9
Nitrate of soda
Phosphate materials
_
Potash materials
_
272 301
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments:
Black blasting powder
thous of Ib
High explosives
do _
Paints, varnish, and lacquer, factory shipments: t
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 Ib _
Molding and extrusion materials
__ do .__
Nitrocellulose sheets rods and tubes
do
Phenolic and other tar acid resins
Polystyrene
Urea and melamine resins
Vinyl resins
Alkyd resins
-
Rosin modifications
Polyester resins
-- Polyethvlene resins
Miscellaneous (incl. protective coatings) c?
r
r
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total \
mil. of kw.-hr-Electric utilities, total .
do _
By fuels
do
By waterpower
_
do _
70, 621
63,160
50 475
12, 686
71, 532
64, 021
51 007
13,014
67, 622
60, 330
47 807
12, 523
72, 110
64, 301
51,012
13, 289
66,220
58, 717
45 478
13, 239
67, 982
60,344
47 308
13 036
69, 304
61, 920
49 474
12 447
70, 694
63 528
51 636
11 893
74,
67
55
12
613
255
138
117
69, 628
62, 581
51 141
11 440
69,485
62 252
51 759
10 493
68, 271
61 410
50 649
10 761
72, 997
66 202
54 941
11 261
Privately and municipally owned utilities. -.-do
Other producers (publicly owned)
do
51, 869
11,291
52, 346
11, 675
49, 057
11, 273
52, 047
1 2, 254
47, 851
10 867
48, 932
11 412
50, 763
11 157
51, 614
11 914
55, 178
12 077
51, 575
11 006
51, 257
10 996
50, 431
10 979
54, 169
12 033
do
-do _ _ _
do
'r 7, 461
7, 126
'334
7,511
7,173
338
7,292
6,958
333
7,809
7,461
348
7 503
7,158
345
7 638
7, 284
354
7 384
7,060
324
7 166
6,897
269
7 358
7 109
249
7 047
6 811
236
7 233
6 995
933
6 862
6 599
263
6 794
6 541
254
_do - _
54, 656
56, 202
55, 417
55. 965
54, 176
52,830
54, 108
55, 321
57, 513
57, 344
55 166
54,201
9, 432
26, 154
9,055
26, 553
8, 843
26, 503
1
8, 801
1
27, 124
8 696
26T584
8 782
26, 781
9 546
26, 942
10 418
26, 134
10 769
27 558
10 784
27 269
9 833
27 108
9 318
26 504
441
15, 889
874
594
1,231
41
465
17, 371
876
602
1,242
39
430
16, 936
821
548
1,293
42
468
16, 746
941
532
1,309
43
410
15 592
1 076
488
1,281
49
376
14, 078
1 033
455
1,272
53
363
14, 232
1 185
436
1,343
61
344
15, 157
1 440
468
1,292
68
364
15 390
1 534
478
1 354
67
323
15, 639
1 364
512
1,385
67
380
14 795
1 017
'562
1 415
59
386
15 103
809
601
1 429
50
916.6
942.5
932.7
929.5
908 8
891 9
915.7
936.8
967 8
977 4
942 0
927 3
Industrial establishments, total
By fuels
_ _
_ _
By waterpower
Sales to ultimate customers, total (EEI)
Commercial and industrial:
Small light and power
Large light and power _ _ _ _ __
do
do
Railways and railroads
__
do
Residential or domestic
. __
do _ _
Rural (distinct rural rates). _ _
do __
Street and highway lighting
do __
Other public authorities
_ _ _
d o __
Interdepartmental
_
do
Revenue from sales to ultimate customers (Edison
Electric Institute) mil. of dol.
GAS
Manufactured and mixed gas (quarterly) :J
Customers, end of quarter, total 9
. thousandsResidential
do
Industrial and commercial
do
Sales to consumers, total 9
mil. of therms. _
Residential _
__ _ _
_
_do .
Industrial and commercial
_ __do __
Revenue from sales to consumers, total 9
Residential
Industrial and commercial
_
r
_
mil. of dol _
do _.
do
2,522
2,356
165
2,509
2,341
166
2,161
2,020
139
2 287
2,141
145
572
407
161
941
732
202
504
341
148
300
168
118
75.3
58.0
16 9
116.8
94.0
22.3
64.3
48.8
15 0
43.0
30 3
12 2
J
Revised.
Data beginning March 1960 are not comparable with those for earlier periods because of reclassification of some companies from small to large.
SStates represented are: North Carolina, South Carolina, Georgia, Florida, Alabama, Tennessee, Arkansas, Louisiana, Texas, Oklahoma. According to quarterly reports from Virginia,
consumption in that State is as follows (thous. short tons): 1959—July-September, 69; October-December, 73; 1960—January-March, 222; April-June, 591; July-September, 75.
9 Includes data not shown separately.
^Revisions for January 1958-April 1959 for superphosphate and for January 1958-September 1959 for paints, etc., will be shown later.
cfData
prior to 1959 exclude protective coatings.
^Revisions for electric power production (January-November 1959) and manufactured and mixed gas (1st and 2d quarters of 1958 and 1959) will
be shown later. For 1958 revised figures for electric power production, see p. 20 of the January 1960 SURVEY.
SURVEY OF CURRENT BUSINESS
S-26
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1959
February 1061
1960
December
January
February
March
April
May
June
1961
July
August
Novem- DecemSeptemOctober
ber
ber
ber
January
ELECTRIC POWER AND GAS—Continued
GAS— Continued
Natural gas (quarterly):?
Customers, end of quarter, total
Residential
Industrial and commercial
Sales to consumers total
Residential
Industrial and commercial
-
thousands. _
do
__do
mil. of therms
do
_ __ _ do -_
Revenue from sales to consumers, total
Residential
Industrial and commercial
30, 036
27, 588
2,412
30, 306
27, 847
2, 425
30, 459
28,051
2,374
30, 289
27, 934
2,321
22 082
7,320
13, 583
30 118
13, 986
14, 918
21, 054
6,550
13, 570
16 286
2, 523
12, 927
1, 918. 4
1, 224. 4
653.8
1, 214. 2
661.3
523.0
814.4
332 7
455.8
mil. of dol _ 1, 257. 9
695 1
do
525. 7
do
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Production
thous. of bbl
Taxable withdrawals
_ . _ _ _ ._ __do __
Stocks end of month
do
Distilled spirits (total) :
Production!
thous. of tax gal
Consumption, apparent, for beverage purposes©
thous. of wine gal
Taxable withdrawals§ . __ thous. of tax gal
Stocks endofmonth§
do
Imports
thous. of proof gal
Whisky:
Production
thous. of tax gal
Taxable withdrawals
do _
Stocks end of month
do
Imports
thous. of proof gal
Rectified spirits and wines, production, totalcf
thous. of proof gal
Whisky
do
Wines and distilling materials:
Effervescent wines:
Production
thous. of wine gal
Taxable withdrawals _ _
_ _ _
_ do
Stocks, end of month
__do __
Imports
do
Still wines:
Production
_ _ _
do
Taxable withdrawals
do _
S tocks end of month
do
Imports
_ _
_ _ do
Distilling materials produced at wineries
do
6 609
6, 775
9 091
6 461
5 595
9 649
6 325
5 826
9 774
8 138
6,960
10 515
8,187
7, 435
10 789
9,336
8,290
11 317
9,860
9,129
11, 458
8 928
8,603
11 241
9 173
8 989
10 887
7 332
7 519
10 229
6,773
6,571
10 017
6 225
6 411
9 447
22 270
22 224
24 122
25 893
10 319
11 921
22 904
23, 844
22 164
*9 126
16 351
16 751
574
749
426
535
15
10
899
2
042
630
260
001
15 900
11,470
907 830
2 225
19
14
918
2
534
658
872
827
18 314
14,117
921 318
2 629
19, 090
14, 121
928 377
2,936
19, 521
14, 718
931 509
3,044
16, 719
i 7 644
835,782
2 205
18
9
833
2
303
542
699
820
18
10
832
3
633
256
603
320
21 423
12 708
832 656
4,356
11 554
834 998
5 088
11 716
5 641
779 443
3,118
13
5
785
1
945
449
378
752
15 630
5, 773
792 083
1 980
16
7
801
2
914
153
991
443
15
6
804
2
097
874
642
313
14, 787
6,363
810, 795
2,569
12 934
6,519
813 720
2,718
6 874
5, 059
814 039
1,952
7
6
812
2
285
642
166
546
8 748
7 704
810 746
2 954
11 162
9,981
808 816
3,843
12
8
810
4
5 236
3 853
5,835
4 507
6,552
4 990
6,842
5,247
7,373
5,601
5 556
4 382
6 594
5 064
7 788
6 062
10, 125
8 137
8 871
7 098
398
242
507
284
217
144
2,774
51
252
222
2,770
38
267
272
2,743
60
236
399
2,547
100
274
481
2,309
171
1,284
9,044
132, 309
4, 466
11, 464
125 733
56 859
13 284
168 517
70, 470
13, 349
226, 129
17 967
117 035
125, 569
12 211
14, 834
219 422
1,270
29 789
27
10
891
3
5 741
4 390
334
431
927
776
537
544
369
174
437
224
2 122
2,317
2, 452
75
375
289
2,520
79
2 195
11 552
189 418
2, 746
15,030
178, 536
1 854
12 460
164 495
1,846
11,929
155,882
4 280
3 105
2,301
1 577
1,779
2,067
12, 039
142, 603
800
4,789
118 640
33, 992
.588
120 110
42, 958
.588
131, 405
64, 865
.588
129 740
86, 148
.589
148, 705
119, 117
.588
143, 000
162, 731
.586
116,985
179, 861
.586
97, 990
169, 325
.598
83 985
135, 540
.618
94, 600
116, 015
.616
93, 620
90, 587
.623
100 690
61, 500
103 470
65, 850
121 410
78,645
131 915
92 775
156, 485
113, 925
157, 035
114, 030
135, 255
97, 150
120 635
84, 135
108 905
72, 375
110, 585
71, 235
106 985
67, 925
372
217
1,814
1,947
47
48
4 175
13, 946
209, 747
1,128
7 254
2 834
11,212
202 453
140
6 977
5 472
603
576
63
837
777
884
2,712
71
586
2,366
717
736
977
6,677
6,553
9 126
314
433
2,161
7,347
12, 987
208, 765
18, 139
DAIRY PRODUCTS
Butter, creamery:
Production ( factory) t
thous. of Ib
108, 046
Stocks, cold storage, end of month
do
31, 050
.630
Price, wholesale, 92-score (New York)
dol. per lb__
Cheese:
Production (factory), total t
thous of Ib
98, 855
American, whole milk$ _ _ _
do
58, 557
109, 200
76, 808
.619
r
75, 886
.588
121, 180
77, 990
Stocks, cold storage, end of month, total
do
304, 084 283, 290 268, 227 261,835 275. 912 307, 523 345, 165 360, 107 358, 914 346, 189 333, Oil 328, 804 rr 332,594 327, 668
American, whole milk
__
do
265, 671 245, 755 231,719 228, 222 240, 950 267, 071 304, 111 315, 728 317, 946 304, 237 291, 735 287, 718 292,011 287, 224
4,494
4,670
Imports _
do
7,115
8, 753
4,333
3,430
4,167
5,245
5,045
4,738
4,382
8,121
Price, wholesale, American, single daisies (Chicago)
.392
.392
.438
.415
.415
.415
.415
.392
.438
.401
dol. per Ib
.438
.404
.430
Condensed and evaporated milk:
Production, case goods:!
6,140
4,806
4,477
6 115
6,225
6,085
Condensed (sweetened)
thous of Ib
5 000
5 880
5 815
5 860
5 725
5 025
6 675
Evaporated (unsweetened)
__
do
136, 720 132 900 136, 900 169, 300 202 600 264, 000 245, 600 207, 200 203, 300 171, 000 160, 500 139, 200 139, 700
Stocks, manufacturers', case goods, end of month :
6,435
6,447
4, 596
4, 856
5,467
5,835
5,108
5 517
5,484
6,533
Condensed (sweetened)
thous. of lb_
5,436
6,262
3,718
95 644 112 475 206, 758 261, 819 302, 101 364, 741 332, 723 319, 174 293, 379 218, 315
225, 092 178 446 135, 954
Evaporated (unsweetened)
do
Exports:
3,664
3,996
2 853
2 194
3,447
3,213
4 721
Condensed (sweetened)
do
2 997
3 246
3 902
3 288
4 683
4,444
9,375
8,216
5,918
11, 141
Evaporated (unsweetened). _ _
do
5,840
5 927
5,608
14, 035
6,220
6,773
8,168
Price, manufacturers' average selling:
6.38
6.33
6.31
6.38
6.37
6.33
Evaporated (unsweetened)
_ _ dol. per case
6.35
6.31
6.31
6.32
6. 33
6.37
6.33
Fluid milk:
9,862
9,679
12, 626
12, 108
11,219
Production on farms
. _ _ _
mil. of Ib
9,389
10, 862
9,487
11,313
10, 330
9,498
9,545
9,039
9 859
3,546
3,829
3,768
4,324
4,473
5,237
5,082
4,241
3,791
3,696
3,231
3, 445
Utilization in manufactured dairy products t do
3,326
3.82
4.49
4.36
4.27
3.80
4.15
4.42
4.19
3.96
3.95
4.57
Price, wholesale, U.S. averagej
dol. per 100 lb_
4.65
'4.60
"4.47
Dry milk:
Production :J
9,900
7,650
9,300
9,138
9,600
9,700
7,200
8,250
8,900
Dry whole milk _ _ _ _
thous. of Ib
7,700
6,700
7,800
8,450
Nonfat dry milk (human food).
_ do
136, 056 150, 300 158, 400 170, 200 185, 500 224, 600 211,000 158, 350 121, 650 ' 98, 800 110, 000 110, 300 138, 350
Stocks, manufacturers', end of month:
6,791
7,474
6,486
6,846
6,068
4,834
6,822
6,853
Dry whole milk _ __
_ _
do
6,772
5,543
4,850
5, 401
6,297
Nonfat dry milk (human food)
do_ _
96, 567 102, 204 105, 533 101, 646 112, 293 150, 528 158, 304 153, 677 133, 083 110, 607 108, 746 100, 835 103, 264
Exports:
4,446
2, 035
2,525
1,734
1,941
Dry whole milk
_
do
1,981
3 380
3,687
2,787
1,694
2,401
1 120
9,436
19, 128
19, 150
Nonfat dry milk (human food)
_
do
5,550
6,073
21, 923
13, 573
5,312
7 470
17, 922
35, 090
21, 085
Price, manufacturers' average selling, nonfat dry
.134
.134
.137
.138
.134
.135
.135
.138
milk (human food)
_
___dol. perlb_
.137
.137
.136
.139
.140
' Revised.
* Preliminary.
1 See note "§".
9 Totals include data not shown separately. Revisions for 1952-58 for total sales and total revenue (for 1st and 2d quarters of 1958 for other items; see footnote) are on p. 24 of the April 1960
SURVEY. Revisions for 1st and 2d quarters of 1959 will be shown later.
§ Effective July 1960, data exclude amounts classified as "spirits"; such amounts now included with ethyl alcohol (p. S-24). June 1960 data on comparable basis (thous. gal.): Production,
16,910; withdrawals, 9,962; stocks, 835,727.
O Alaska included beginning January 1959.
cf Data beginning July 1959 exclude production of wines and vermouth; for July 1958-June 1959, such production totaled 43,600 gal.
JRevisions or the indicated items and for the periods specified are available upon request as follows: Butter and cheese (total and American)—January 1957-June 1959; condensed and evaporated milk—January 1958-June 1959; dry whole milk—January 1952-December 1955 and January 1958-June 1959; nonfat dry milk—January 1954-June 1959; fluid milk used in manufactured dairy products—January 1952-July 1959; fluid milk price—June 1958-February 1959.
SUKVEY OF CUKKENT BUSINESS
February 1961
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1959
S-27
1960
December
January
February
March
April
May
June
1961
July
DecemAugust SeptemOctober November
ber
ber
January
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FRUITS AND VEGETABLES
A pples:
Production (crop estimate)
thous. of bu
Shipments carlot
No of carloads
Stocks, cold storage, end of month
thous. of bu_
Citrus fruits, carlot shipments
No. of carloadsFrozen fruits, juices, and vegetables:
Stocks, cold storage, end of month:
Fruits
thous. of lb._
Fruit iuices 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
1121,787
2,300
33, 586
1, 625
24, 065
1,767
16, 720
2,130
9,442
1,666
4,248
1, 425
1,166
426
9,431
7,464
6,600
6,978
7, 135
7,475
464, 698
360, 091
844, 288
428, 838
478, 791
754, 780
376, 135
526, 652
670, 432
321, 639
496,016
612, 967
271,614
538. 952
586, 537
1243,281
12, 829
14, 763
13,414
20, 593
3.804
4.215
4.125
71, 664
65, 919
1 422, 073
11,379
15, 785
316
119
13
231
2
106 380
1 091 r 1 493 '1 709
44, 598 ' 37, 539 ' 28, 100
167
178
14, 120
5, 569
4,368
3,334
3,196
251, 775
648, 357
544, 864
316, 926
625, 198
563,014
430, 862
554, 600
634, 794
496, 852
453, 229
801, 345
14, 943
17 704
18, 324
7,679
5,120
7,404
8,733
4.975
6.642
6.750
4.760
3.153
3.836
3.790
3.981
74, 174
76, 707
89, 426
83, 136
72, 649
66, 134
68, 721
83, 248
81, 262
86, 718
13, 229
13,065
10, 962
13, 967
17, 057
13,616
36, 708
19, 794
14, 429
13 511
2,201
' 3, 106
' 7, 983
1 183
21, 587
5,923
522, 051 517, 744 507,683 '482,688 443, 771
413, 014 353, 408 291,691 ' 290, 780 382, 957
942, 145 1,017,373 1,017,386 '983 519 878, 212
2
256 677
'9 383 '10 273
r
11, 546
•P 4 050
4 160
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats, rye, wheat) t-thous. of bu_.
Barley:
Production (crop estimate)
Receipts 4 principal markets
do
do
'199
163
8,459
5.949
8,279
8,140
6,007
5,995
9,680
9,304
7,370
1.159
1.085
1.170
1.114
1.144
1.083
1.156
1.075
1.157
1.081
1.176
1.112
1.162
1.075
1.092
1.013
1. 125
1.026
1.122
1.012
1.148
1.069
1 119
1.025
1 129
1.037
1.139
1.043
4. 281
11,812
31,974
12, 492
21,916
12, 521
32, 448
12, 881
25, 977
12, 239
25, 150
13, 118
34, 267
13, 777
34, 517
12, 370
28, 441
13, 712
34, 077
13, 080
21, 172
13, 851
29, 939
12, 396
78, 466
2 4 353
11,034
29, 730
12,172
28, 599
13, 689
16, 734
' 3, 363
' 2, 044
1.319
15, 047
17, 882
18,016
' 2 533
' 1,305
1 228
19, 144
15, 960
20,028
1.144
1.043
1.128
1.012
1.149
1.079
1.206
1.124
1.213
1.145
1.200
1.152
1.194
1.135
1.184
1.110
5,892
5, 712
6,209
3,421
4,830
7, 672
10, 198
39, 112
'771
'695
Exports including oatmeal t
thous ofbu
Price, wholesale, No. 3, white (Chicago) __ dol. per bu.
1,241
.796
1
'3268
' 3 228
61
3,487
.780
1,923
.755
1 , 891
.774
3,741
.750
1 925
27, 784
1.165
1.037
1.057
1.014
.960
.942
1. 017
.991
1.101
1.042
16, 046
6,263
4,461
2 i 162
2,820
6,733
84, 303
56, 289
851
766
85
121
2 188
.734
4.065
.680
5,641
.653
3,841
.642
1,647
.665
2
111,024
51, 671
125, 912
57, 596
101,502
87, 247
111.974
66, 035
79, 968
51 687
75, 145
81,240
88, 282
81, 634
75, 423
95, 151
125, 320
109, 295
113 300
108 707
73, 21 «
51 209
110,022
165, 228
118,155
217, 375
117, 767
221, 461
158, 260
264, 019
74, 410
203 612
66, 678
217 531
64, 075
201,045
46, 938
207, 057
1, 274. 3
96, 800
.083
1, 177. 2
177, 568
.083
1, 060. 8
190 493
.083
791.3
176, 432
.083
658.9
169,367
.083
547.4
174, 149
.083
421.1
167, 725
.083
246.3
130, 246
.081
69, 890
32, 566
36, 072
25, 436
212, 208
38, 682
62 212
58, 978
64, 197
47, 541
140 554
126 439
456, 749
272 295
270 578
344 358
1, 403. 4
187, 856
.078
1, 472. 3
213, 987
.079
1,322 1
831.7
69, 319
.077
1.213
298
1.178
361
' 13, 966
1. 157
641
1.159
969
1.167
3
2,068
10, 489
1.150
3,338
1.083
4,832
1.068
1,920
' 35, 519
1.106
1,176
1.114
23, 101
18, 556
24,317
'315,889
18, 745
18, 478
30, 957
'251,179
103, 693
87, 874
47, 595
'332,993
33, 260
712
1.093
'1,876
'330
1, 546
Exports, total, including
Wheat onlyt
..thous. of bu_do
35, 497
26, 940
39, 953
33, 502
46.091
39, 978
51,230
43, 035
62, 283
54, 865
53, 947
48, 992
41, 304
36, 802
40, 973
37, 411
38, 479
34, 513
53, 776
48, 529
50, 831
45, 317
49, 568
42, 171
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
dol. per bu-_
No. 2, hard winter (Kansas City)
do. .
No. 2, red winter (St. Louis)
do
Weighted avg., 6 markets, all grades
do
2. 246
2.081
1.998
2.241
2.245
2.072
2.242
2.100
1.979
2.248
2.258
2.123
2.106
2.261
2.256
2.103
2.092
2.259
2.269
2.008
2.037
2.233
2.285
1.953
1.825
2.174
2.287
1.892
1.784
2.023
2.120
1.937
1.817
2.113
2.146
1.982
1.852
2.130
2.157
1.988
1.950
2.146
2.146
2.009
'1,562
'204
1,358
2. 237
31,314
3
96
1,218
' 2, 345
' 550
1,795
3
081
32 109
529
25 719
1.093
21 363 4
2
246 3
21 117 i
23, 809
18,159
280,818
Stocks (domestic), end of quarter, totalcf-.m!!. of b u _ On farms
do
Off farmscf
do
flourj
v
2
287
54 403
129 902
208.6
42, 918
.079
.654
123 031
98 610
100, 423 1, 245, 312 1,333,826
98, 679 201 098 320, 686
1
1.126.
7
1
203.1
1
923. 6
thous. of bu_- 18, 773
'257,202
do
4 700
3 060
1 640
'1,085
'963
340
3 212
'31 789
' 3 454
3
1 335
13, 659
16, 556
53, 438
Rye:
i 22, 339
Production (crop estimate)
thous of bu
583
Receipts, interior primary markets _ _ _ _ ___ do
' 20, 036
Stocks (domestic), end of quarter, totaled
do
1.214
Price, wholesale, No. 2 (Minneapolis) _ _ dol. perbu.-
Receipts, interior primary markets
Disappearance (quarterly total)
'485
'424
76
thous oflb
dol per Ib
mil of bu
do
188
9, 338
Stooks (domestic), end of quarter, total cf mil ofbu
On ffirms
do
Off farmscf
do
Wheat:
Production (crop estimate) total
Spring wheat
356
3 112
16, 291
352
002
150
8,317
i 1, 066
6,412
mil of bu
thous. of bu_-
Exportst
Price wholesale head clean (N O )
'468
'280
7,879
' 4, 393
Stocks (domestic) end of quarter totaled npil ofbu
' 3, 031
On farms
do
1,362
Offarmsd"
do
26, 005
Exports including meal and flour t
thous ofbu
Prices, wholesale:
1.095
No. 3, yellow (Chicago)
dol. per bu_.
1. 025
Weighted average, 5 markets, all grades
do
Rice:
Production (crop estimate)
thous of bags 9
California mills:
Receipts, domestic, rough
thous. of Ib
Shipments from mills, milled rice
do
Stocks, rough and cleaned (cleaned basis), end
of month
thous oflb
Southern States mills (Ark., La., Tenn., Tex.):
Receipts rough, from producers
do
Shipments from mills milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis), end of month
mil oflb
3168
423 136
11 021
1
mil of bu
thous. of bu__
do
Onts:
Production (crop estimate)
Receipts, interior primary markets
246
121
125
362
Stocks (domestic) end of quarter totalc? mil ofbu
On farms
do
Offfarmsd"
.
do
Exports including malt t§
- - thous. ofbu
Prices, wholesale (Minneapolis):
No 2 malting
- dol. per bu
No 3 straight
do
Corn:
Production (crop estimate)
Orindings, wet process©
Receipts, interior primary markets
2
460
1.097
34, 267
2,066
421
1 645
2.132
2. 142
2 025
2.073
2.135
2.149
2 040
2.145
2.138
' Revised.
v Preliminary. ! Revised estimate of 1959 crop. 2 December 1 estimate of 1960 crop.
3 Old crop only; new p;rain not reported until betunninp of new crop year (July for barley, oats, and wheat; October for corn).
< No quotation.
\ Scattered revisions for 1958-January 1959 for exports of indicated grain series will be shown later.
§ Excludes a small amount of pearl barley.
OData beginning January 1959 are on
standard 17-percent moisture basis; prior thereto, on basis of varying moisture content (from 12 to 25 percent).
9 Bags of 100 Ib.
o"Data prior to last quarter of 1959 will be shown later. The figures include grain owned by Commodity Credit Corporation and stored off farms in its own steel and wooden bins.
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1960
1959
December
Febniary 1961
January
February
March
April
May
June
1961
July
Decem
August Septem- October November
ber
ber
January
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
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 (100 Ib )
Exports
do
Prices, wholesale:
Spring, short patents (Minneapolis)!
dol. per 100 Ib
Winter, hard, short patents (Kansas City)§ do
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected) :
Calves
thous of animals
Cattle
do
Receipts, principal markets
do
Shipments, feeder to 9 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago) ..
_
dol. per 100 Ib
Steers, stocker and feeder (Kansas City). _ do
Calves, vealers (Natl Stockyards 111 )d"
do
Hogs:
Slaughter (federally inspected)
thous. of animals
Receipts principal markets
do
Prices:
Wholesale, average, all grades (Chicago)
dol. per 100 lb__
Hog-corn price ratio
bu. of corn equal in value to 100 Ib. of live hog__
Sheep and lambs:
Slaughter (federally inspected)
thous of animals
Receipts, principal markets
_
do
Shipments, feeder, to 9 corn-belt States
do
Prices, wholesale:
Lambs, average (Chicago)
dol. per 100 Ib
Lambs, feeder, good and choice (Omaha)
do
21, 630
88 4
413
49, 529
21, 884
98 3
414
50, 060
4,847
3,721
5.460
5. 150
r
20,396
87 0
387
46,632
22, 137
85. 7
422
50, 612
2 658
4, 462
3, 563
3,225
5. 293
4 933
i1 5. 343
4 933
2,805
1
1
5.228
4. 850
1
5. 238
*4 817
1
1
19,042
80.9
'362
43, 473
20,
184
r
81.9
384
46, 127
r
2,155
1
1
5. 455
5. 033
1
1
19, 253
'85.9
368
44, 101
4, 161
1,957
1,548
5. 435
5. 050
i1 5. 365
5. 050
' 22, 002 '21, 615 r 23, 292
'91.7
' 85. 3
'98.8
408
436
419
' 50, 372 ' 49, 371 ' 53, 147
1,724
1
5.
1
' 4, 330
2,281
250
4. 983
15.300
i 5. 083
r
22,181
'94. 1
414
50, 400
21,615
91.4
403
49, 166
4,669
2,397
3,216
i 5. 330 ' 1 5. 303 v l 5. 325
^.090 ' i 5. 033 p i 5. 048
456
1,552
1,815
544
413
1,564
1,731
2
378
389
1,437
1,568
270
482
1,577
1,703
309
394
1,412
1, 569
295
378
1,606
1,827
352
397
1,692
1,741
301
374
1, 592
1,599
249
450
1,787
1.992
3S8
514
1,782
2, 092
783
516
1,746
2,605
1,319
25.26
22. 51
30.00
26.10
23.31
33.00
26.37
23.80
33.00
27.40
25.14
33.00
27.13
25.46
28.50
26. 75
25. 38
29.00
25. 58
23. 50
26.00
25. 30
21.81
25.50
24.75
21.23
24. 50
24.62
20.91
25. 50
6,968
3 462
6,516
3,167
5,841
2,744
6,116
2,782
5,571
2,578
5, 483
2,672
5,086
2,465
4,304
2,061
5, 203
2,466
11.19
12.08
13. 15
15.19
15.68
15.57
16.11
16.57
11.8
12.4
13. 1
15.1
14.8
14.4
14.8
15.2
1,182
1,002
141
1,237
1,031
2
160
1,076
870
160
1,088
858
159
1,054
902
148
1,110
1,086
258
1,137
881
205
17. 75
17.10
19.50
17.70
20.62
19.18
22.25
20.35
21.25
21.20
21.25
20.88
1,959
641
94
71
887. 7
166, 041
2,640
45, 933
MEATS
Total meats:
Production (carcass weight, leaf lard out) , inspected
2,322
2,238
2,144
1,995
slaughter
mil oflb
Stocks (excluding lard), cold storage, end of month
594
544
597
617
mil. oflb..
88
99
82
Exports (including lard)
do
68
53
64
81
56
Imports (excluding lard)
do
Beef and veal:
999.3
912.3 1,000.3
986 0
Production inspected slaughter
do
Stocks, cold storage, end of month
thous. of lb_. 212, 069 204, 302 193, 840 173, 574
2,201
2,494
2,158
2, 560
Exports
do
32,887
39, 345
59, 387
33, 232
Imports
do
Price, wholesale, beef, fresh, steer carcasses, choice
. 456
.461
.476
.449
(600-700 Ibs.) (New York)
dol. per Ib
Lamb and mutton:
61,
755
54, 256
54, 830
57, 552
Production inspected slaughter
thous of Ib
11, 188
14, 046
12,203
14, 794
Stocks, cold sforage, end of month
do
Pork (including lard), production, inspected slaughter
1 278 9 1,177.0 1, 028. 7 1,088.7
mil oflb
Pork (excluding lard):
954 721 886, 766 788 091 81 9, 880
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 Ib
19, 350
82 2
369
44, 271
502
1,625
2, 086
884
451
1, 576
1. 634
540
24. 83
21. 59
25. 50
26.00
22. 54
28.00
26. 61
23.61
^30 00
5. 165
2,330
5,407
2,451
5, 707
2,597
5,753
2.615
16.14
16.07
17. 04
17.06
16.68
16.82
15.3
14.7
17.1
19.2
17.8
17.1
1,113
875
190
1,240
1, 165
474
1,323
1, 457
722
1,353
1,507
616
1,192
1,005
215
1,114
889
184
21.50
19.61
20.25
17.95
18.25
17.21
16. 50
17.34
16. 50
15.98
16. 50
15.95
16.50
15.78
2,071
2,054
1,834
2, 097
2,081
2,110
2, 112
2,100
634
80
57
591
89
67
532
69
77
461
88
94
403
89
68
402
103
56
410
78
43
'424
442
1,004.8
156, 143
2,062
36,220
1 , 044. 7
153, 078
2,142
43, 044
976.2
153, 322
1,770
51,718
1,091.6
160, 876
2, 596
70, 735
1, 094. 5
171, 243
2,756
48, 636
1,074.1
182, 739
2,877
36, 300
1, 002, 4
182, 239
3,077
24,778
977.2
183, 540
167, 551
.459
.476
r
.474
.473
.451
.441
.433
.425
.421
.438
52, 430
10, 921
53, 333
9,943
52, 067
11,654
49, 974
13, 178
56 532
13, 434
59, 347
12, 644
62, 057
12, 286
56, 561
12, 424
r
1,012.9
957.3
807.8
949.0
927.1
974.2
1,053.4
766, 768
386, 291
5,948
14, 646
71 6. 454
351, 127
3,583
17, 329
607, 007
294, 242
3, 006
15, 584
715, 652
220, 665
4, 278
13, 227
704. 006
157, 812
7,103
12, 568
744, 573
143, 934
6, 352
13, 842
808, 536
153, 629
7, 245
13, 530
. 445
.520
.472
.525
.476
.505
167, 381
72, 400
57, 920
.133
178, 843
83,400
32, 995
184, 405
93, 500
r . 140
".131
638
.518
264, 280
4, G68
13, 484
311,537
4,849
15, 057
342, 574
5,515
14, 246
337, 921
7,828
11,832
.451
.375
.430
.390
.441
.406
.478
.455
.476
.429
.492
.453
.484
.492
.469
.508
.469
.485
238 203
123, 700
36, 585
.108
211, 742
135, TOO
68, 800
.105
176 082
146, 800
50, 260
.108
1 96, 299
144, 800
55, 506
.113
179,103
136, 000
56, 154
.123
180, 153
149, 800
49, 825
.120
175,670
136, 400
62, 724
,123
146, 486
128, 900
42, 940
.133
169, 799
108, 900
51,186
.140
162, 085
92, 500
42, 319
.128
17.25
16.59
54, 093
' 12, 442 12,115
1,018.9
773, 678
383, 291
7,078
15, 448
27.02
24.29
1,069.2
816,207
r
l 70, 226 199,914
p
. 527
.489
.489
POULTRY AND EGGS
Poultry:
456
Slaughter (commercial production)
mil of Ib
Stocks, cold storage (frozen), end of month
thous. of lb__ 316. 686
Turkeys
___
_
do
149, 176
Price, in Georgia producing area, live broilers
.168
dol. per lb__
Eggs:
14 4
Production on farms
mil of cases 9
Stocks, cold storage, end of month:
188
Shell
thous. of cases 9
78, 678
Frozen
thous. of Ib
Price, wholesale, extras, large (delivered; Chicago)
.289
dol per doz
409
372
403
413
490
506
526
631
656
718
299, 709
142, 296
261, 493
123, 954
220, 381
105, 208
184,704
87, 277
159, 218
74, 306
149, 832
66,717
152, 737
70, 891
201, 111
112,517
292, 626
186, 057
414, 384
282, 187
.162
.172
.177
.171
.171
.171
.172
.156
.153
.150
.149
.147
14.8
14.1
15.4
15.3
15.8
14.4
13.9
13.2
12.4
12.8
12.8
13.7
304
75, 275
345
78, 089
181
81,431
299
90, 104
753
121, 768
1,110
157, 040
1,029
166, 387
746
158, 094
486
139, 797
269
113, 743
96
87, 344
.259
.267
.345
.363
.328
.297
.321
.367
.458
.493
.523
.447
14, 411
.303
17 997
.290
20,093
.271
22, 792
.285
30, 392
.288
31, 394
.284
18, 678
.298
20, 129
.283
17, 613
.290
15,304
15, 477
.295 1
'293
.255
352, 509 r 300, 708
209, 941 ' 160, 047
r
76
64, 144
298,099
170, 239
.155
82
54,381
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
Imports (incl shells)
Price, wholesale, Accra (New York)
T
long tons
dol. per lb._
32 854
.309
.228
Revised.
*> Preliminary.
* Beginning 1960, Minneapolis prices cover standard patent and Kansas City prices, 95 percent patent. January 1960 prices comparable with December
1959: $5.500 (Minneapolis) and'$5.145 (Kansas City).
2 Beginning 1960, for 8 States (Wisconsin excluded): January 1960 figure for cattle and calves, 9 States, 382 thous.
§Quotations
are for 100 pounds in bulk; prior to 1959, for 100-pound sacks.
cf Chicago prices through 1958 (January 1959 price at Chicago, $33.00).
9 Cases of 30 dozen.
SUEVEY OF CURRENT BUSINESS
February 1961
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1959
December
S-29
1960
January
February
March
April
May
June
1961
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
quarter
thous. of bagsc?
3,370
Roastings (green weight), quarterly total
do _ .
5, 678
Imports
- - do
2, 369
From Brazil
do
1 105
Price, wholesale, Santos, No. 4 (New York)
dol. perlb__
. 361
Confectionery, manufacturers' sales J
thoiis. of dol - r 108, 439
1 232
2 147
796
2,857
5,833
2 018
780
1 642
1,816
1 648
748
2,931
5, 205
1,903
1,002
805
2,032
1 057
.366
101, 699
.370
105, 495
.370
104, 892
.371
87, 295
.373
72, 909
.375
76, 111
.369
60, 664
180,452
142 880
133 765
146 579
165, 822
2,575
3,921
4,302
3,996
84, 706
506 582
81 730
53, 963
63, 640
573 53? 1 029 544
149, 826 232 758
548, 507
545, 400
3 107
617, 094
612, 325
4,769
779, 790
772, 817
6,973
2,082
498
2, 076
1 053
1, 951
279, 761
169 869
79, 063
354, 404
215 408
95, 973
4 499
1 530
35, 018
25, 900
dol per Ib
062
dol. per 5 Ib
dol. perlb
thous. o f l b
.549
.088
11 042
3 440
5,083
1,963
2 078
1 826
.364
83, 402
.369
133, 680
.368
127,489
. 3f>5
r
126, 674
.366
109,201
193, 461
210, 519
222 396
223 188 r237 163
230 456
3,204
2,910
2,564
2,305
2,086
1,661
1,334
47, 042
883, 079
166, 150
45, 267
726, 002
227, 288
29, 414
393 966
226, 355
61, 750
296 251
250, 283
127, 933
202 533
141,012
650, 761
145 49S
134, 105
867, 524
111 737
59 432
81 684
40 838
705 390
699, 91 6
5 474
785, 680
780, 032
5,648
976, 291 1,071,969
968, 753 1,061,206
10, 763
7,538
892, 447
882, 429
10, 018
842, 516
837, 525
4,991
704, 375
699, 680
4,695
685 437
683, 009
2 428
1,954
2,023
331
1,716
1, 175
984
308
1, 365
1,946
243
427, 432
331 385
96, 047
415, 529
317 287
89 694
484, 072
394, 371
75, 824
411, 892
282, 570
120, 082
393, 494
211, 464
160.409
327. 623
3 280
192,515
343, 856
196, 617
351, 845
43, 880
37 879
49, 404
40 910
45 457
42 595
60, 451
47 415
48, 632
43, 959
56, 170
42, 434
26, 792
3 750
23, 635
6 375
.059
060
,061
062
.061
.061
.066
064
066
064
065
.064
.545
.086
9,644
.543
.086
11,416
.542
.085
11, 593
.540
.085
9,536
.541
.085
10, 588
.541
.085
9,940
.541
.087
8,584
.565
.090
9,132
.568
.090
9,132
.571
.090
8,050
.571
.090
7,845
.589
P . 088
185 9
190 2
196 8
194.0
185 7
193 8
206.8
151.8
218 1
189 4
205 1
193 5
186 9
116.0
1 10. 5
114.9
123.0
118.7
115.9
126.2
109.1
108.3
111.8
117.9
105.2
120.3
130 1
129.4
147 8
154. 3
136 4
156 8
164. 1
145.7
164 9
133 6
138 9
140 7
156 1
54.1
60.0
57.7
56.5
54.3
56.2
49.7
50.6
48.6
41.2
42.6
42.8
54.5
163.8
158.5
143.5
150.4
139.6
123.7
132.6
120.1
135.2
134. 6
150. 3
148.4
158.3
34.0
36.7
38.1
38.7
39.1
32.8
39.9
35.2
33.5
33.7
32.9
31.4
32.6
.238
.238
.238
.238
.238
.238
.238
.238
.238
!.235
.235
.235
p. 243
392
Fish:
Stocks cold storage, end of month
_ thoiis. oflb . 232 009 209 489
Sugar:
Cuban stocks, raw, end of month
thoiis. of Spanish tons_- r 1, 186
1,419
United States:
Deliveries and supply (raw basis):
Production and receipts:
Production
. _ _ short tons.. 663 718 273, 431
142 873 605 046
Entries from off-shore, total 9
- do
Hawaii and Puerto Rico
- do
78 373
30, 808
r
T
Deliveries, total
_.
_ _ _ do
844 479
For domestic consumption
_ do_ _. 841,088
r
For export and livestock feed- .
do
3 391
Stocks, raw and refined, end of month
thous. of short tons
2, 005
Exports
_
. _ _ _short tons
713
Imports:
238 722
Raw sugar, total 9
- - do
From Cuba
do
177 891
From Philippine Islands
_ _
-do
9 520
Refined sugar, total
._
From Cuba
Prices (New York):
Raw wholesale
Refined:
Retail^
Wholesale (excl. excise tax).,
Tea, imports
_
_ __ do
do
Baking or frying fats (inch shortening):*
Production
mil. of Ib
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. o f l b
Price, wholesale (colored; delivered; eastern U.S.)
dol. perlb.
485
758
297
1, 396
414
425
863
0
25, 227
3 204
5 774
784
291
0
41,832
23, 424
960
546
.368
193
0
45, 698
8,789
180
064
FATS, OILS, AND RELATED PRODUCTS
Animal and fish fats:A
Tallow, edible:
26.1
Production (quantities rendered) _ _ _ _ mil. o f l b
25.4
28.2
29.7
24.5
28.8
27.0
24.5
30.0
27.6
27.2
30.7
28.0
Consumption (factory)^
do
23.2
18 2
23.6
24.6
24 7
21.5
23 0
26 3
21.7
28 2
22 6
27 6
28 3
Stocks (factory and warehouse), end of month
27.4
28.5
23 2
27.2
24 1
23 1
22.5
23.0
24 7
26 4
23 8
27 0
24 8
do
Tallow and grease (except wool), inedible: J
264.4
264. 3
258. 4
Production (quantities rendered)
do
252.9
255. 4
233.9
237.6
253.7
254 3
249 6
257 8
255 0
251.8
Consumption (factory )1
do
140.2
141.2
161. 6
148.2
117.3
161.4
153.9
167. 0
150.9
157.5
161.5
151.8
147.0
Stocks (factory and warehouse), end of month
340. 1
333. 8
291.9
324.8
282. 5
301.1
339.6
325.3
do
323. 1
330. 8
304.8
310.7
342.7
FLsh and marine mammal oils:J
r
2
Production
_ _ _
do
.4
2.3
.3
14.2
2.1
40 0
22.7
35.1
36 8
29 5
9. 0
7.3
8.4
9.2
9 0
Consumption (factory) O
do
10 4
6.3
82
83
'• 8 5
7 2
80
8 5
10 6
9 1
Stocks (factory and warehouse), end of month©
131.9
89.5
103.7
88.0
87.4
105.6
91.9
mil. oflb._
96.0
'87.1
83.5
82.7
95.0
109.5
Vegetable oils and related products:
Vegetable oils (total crude and refined):
106.5
Exports.
__
do
87.3
144.9
109.8
164.3
165.4
229.3
138.3
71.2
122.5
59 4
241.6
33 4
44.5
Imports
do
44.3
33.1
52.1
47 6
57.0
40 2
39 0
42 6
37 0
52 5
Coconut oil:
Production:
34 7
39.6
Crude
do
33 6
30.3
43.6
39 0
44 7
43 7
47 9
35 9
45 8
44 8
46 2
28.4
33.6
35.9
27.1
Refined©
__ _ _ do
30.3
35.1
35.4
38.8
32.6
27.5
36 8
36.3
30.0
49.2
Consumption in end products
do
53.6
46.9
49 5
47 A
52.8
35 7
55 9
54 7
48 0
42 6
57 9
53 1
Stocks, crude and refined (factory and warehouse),
2
61.4
55.4
62.1
315. 0
end of month
mil. of Ib
51. 2
322 4
315 4
306 2
327 0
322 6
328 5
321 2
338 6
9.7
14.3
13.2
6.2
Imports
do
10.6
18.3
7.8
16.1
15. 6
12.3
8.9
16.5
Corn oil:*
Production:
26.3
26.7
28.6
27.4
25.0
28.5
29.6
27.4
Crude
_ _ - _ _do_ _
27.7
28.0
26.8
24.2
29.0
25.3
24.6
30.5
Refined®
do
25.0
22.9
21 1
24 3
25 5
25.1
24 3
25.0
32 0
27 6
29.1
27.7
Consumption in end products
do
25.9
29.2
27.8
21.6
22.4
26.2
24.4
29.5
25.3
26.5
29.3
Stocks, crude and refined (factory and warehouse) ,
31.9
27.0
28.6
e n d o f month.
_ _ _ _ _ _ _ mil.oflb__
32.7
33.4
27.3
39.1
42.6
38.7
37.7
38.7
37.9
33.2
2
*• Revised.
» Preliminary.
* Beginning September 1960, prices are based on a new specification and are not entirely comparable with those for earlier periods.
Beginning April 1960,
data include Government Services Administration stocks and are not comparable with those for earlier periods.
cfBags of 132.276 Ib.
{Revisions for January 1956-March 1959 for confectionery will be shown later; those for January-November 1958 for fats and oils appear in Census report,"Fats
and Oils, 1958" (Series M28-1-08).
9 Includes data not shown separately.
§Price for New York and northeastern New Jersey.
*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.
^Consumption data exclude quantities used in refining.
0 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 CURRENT BUSINESS
S-30
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1959
December
February 1961
1960
January
February
March
April
May
June
1961
July
DecemAugust SeptemOctober November
ber
ber
January
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS, AND RELATED PRODUCTS— Con.
Vegetable oils and related products— Con.
Cottonseed:!
632.7
656.1
Consumption (crushings)
thous. of short tons_.
2, 441. 2 1, 945. 4
Stocks (at oil mills) end of month
do
Cottonseed cake and meal t
303.4
289.9
Production
- -- do
110.4
131.6
Stocks (at oil mills) , end of month
do. .
Cottonseed oil:
Production:
220.5
212.2
Crudet
- - mil. of lb_
151.1
160.0
Refined d71
do
96.8
98.7
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) ,
473.9
462.8
end of month
- - mil. of lb_
.146
.140
Price wholesale (refined* drums' N Y.) dol. per Ib
Flaxseed:
49.9
Consumption (crushings)
thous. of short tons95.8
Stocks (at oil mills), end of month
do- _3.58
Price, wholesale (No. 1; Minneapolis)-- dol. per bu_.
Linseed oil:
35.6
Production crude (raw)
- mil. of lb_23.3
Consumption in end products^
do
Stocks, crude and refined (factory and warehouse),
149.7
end of month
- mil. o f l b _ _
.143
Price wholesale (Minneapolis)
dol per Ib
Soybeans:
1,013.7
Consumption (crushings)
thous. of short tons
Stocks (at oil mills), end of month J _
_ do - 3, 029. 0
Soybean cake and meal:*J
Production
..mil. oflb_. 1, 553. 6
126.6
Stocks (at oil mills) end of month
do Soybean oil:
Production:
369.2
Crude
-do
290.0
Refined d1
do
271.6
Consumption in end productst
do -Stocks, crude and refined (factory and warehouse),
507.4
end of month
mil. of lb__
.117
Price wholesale (refined* N Y )
dol perlb
TOBACCO
Leaf:
1
1,796
Production (crop estimate)
mil of Ib
Stocks, dealers' and manufacturers', end of quarter,
4,845
total
mil of Ib
57, 518
Exports including scrap and stems
thous of Ib
10,647
Imports including scrap and stems
do
Manufactured products:
13, 371
Production manufactured tobacco, total
do
5,481
Chewing plug and twist
- - do
5,015
Smoking
- do
2,875
Snuff
do
Consumption (withdrawals):
Cigarettes (small):
3,062
Tax-free
millions-T ax-paid
do -- 34,318
442,144
Cigars (large) tax-paid
- - thousandsManufactured tobacco and snuff, tax-paid
thous. of lb__ 13,293
1,663
Exports cigarettes
millions--
576.6
1, 443. 7
528.3
953.4
373.7
596.0
252.4
357.3
176.6
191 1
142.7
104.8
139.8
205 0
412.9
701 9
760.8
1 639 0
r
740. 0
2 393 5
611.1
2 373 3
267. 5
149.5
246.7
140.8
175.8
188.9
116.9
204.5
83.0
202.8
70.0
189.9
68.6
157.7
189.3
137.1
353.5
167.7
«• 344. 5
198.8
286.7
196.6
196.9
150.9
100.6
181.3
159.6
102.6
130.9
136.2
96.8
86.7
106.6
103.7
62.6
81.3
103.8
51.3
46.9
86.9
48.8
55.9
107.6
133.3
71.5
91.8
258.4
160.7
109.0
' 248. 3
176.7
112 2
205 3
159.4
113 7
477.0
.144
520.3
.145
495.7
.151
446.9
.156
357.6
.155
286.2
.151
200.0
.153
216.8
.145
322.6
.148
' r389. 6
. 156
425.8
T. 158
51.8
77.1
3.50
46.3
64.2
3.35
45.6
54.4
3.28
40.5
27.8
3.36
30.4
20.0
3.43
32.9
21.7
3.19
21.9
33.0
3.01
31.9
30.7
3.11
60.5
70.0
2.98
63.2
108.0
2.88
53.6
99.7
2.76
36.3
103.8
2.82
37.2
25.0
32.9
26.7
32.5
27.7
29.5
30.1
21.7
34.0
23.8
35.0
15.8
32.4
21.7
34.7
43.0
31.3
45.0
31.7
38.6
25.8
26.1
25 5
163.8
.140
163.3
.139
161.2
.135
151.2
.131
123.9
.132
89.5
.132
74.6
.129
61.2
.132
71.0
.126
80.6
.124
92.9
.123
*>. 126
1,016.8
2, 770. 0
919.9 1,039.8
992.8
995. 9
2, 437. 5 1, 922. 6 1, 620. 2 1,405.4
939.8
1,291.5
941.3
1,016.3
962.0
597.0
806.2
494.7
1,066.9
2, 974. 5
1, 102. 2
3, 671. 7
1,130.7
3, 318. 1
1, 549. 8
190.4
1, 394. 6
188.0
1,443.2
225.4
1,441.6
251. 0
1, 484. 0
182.0
1, 239. 6
158.6
1, 638. 4
183.4
1, 703. 2
221.4
1, 748. 6
204.0
370.5
287.9
274.8
335. 4
287.7
270.5
379.4
291.4
287.9
366.4
273.2
264.6
365.9
280.9
275.2
348.6
303.7
303.6
350.0
238. 5
245.5
358.5
306.7
303.0
298.4
264.3
265.4
390.7
271.8
275.3
401.1
279.5
263.5
409.8
295 1
283.6
551.3
.119
541.2
.115
585.8
.117
595. 9
.121
564.5
.125
422.6
.128
450.5
.131
311.8
.138
307.5
.129
366. 3
.133
446.0
.144
474.1
*. 143
23, 072
14, 675
25, 452
12, 753
4,694
27, 754
13,115
14, 360
12, 734
23, 437
13, 062
4,339
29, 574
14, 783
20, 560
11,325
37, 771
14, 919
4,477
82, 922
13, 335
81, 103
14, 341
84, 587
12, 340
13,764
5,265
5,833
2,667
13,360
5,070
5, 510
2,780
15,364
5,272
6,917
3,175
14, 257
5,237
6,389
2,631
15, 745
5,811
6,494
3,440
16, 178
6,103
6,592
3, 483
11,790
4,994
4,881
1,914
15, 796
5, 895
6,722
3,179
15,113
5, 399
6,874
2,840
14, 910
5,319
6,709
2,882
14, 642
5,681
6,107
2,753
12,380
4,824
4,800
2,756
2,718
37, 630
472, 885
3,087
35, 181
486, 035
3,246
40, 260
531, 023
2,642
36, 929
502, 308
3.177
41, 355
623, 797
3,667
43, 643
571, 925
2,592
35, 667
503, 935
2,954
44, 622
623, 983
3,221
40, 899
581, 540
3,491
39, 836
577, 031
3,206
40, 320
671,450
2,997
33,793
364, 660
13, 354
1,442
13, Oil
1,490
14, 935
1,573
14, 054
1,434
15. 156
1,813
15, 543
1,805
11,906
1,622
15, 887
1,449
14, 501
1,706
14, 543
1,939
14,504
1,989
12, 372
1, 562. 2 1, 507. 6 1,513.6
247.8
171.8
269.8
96.9
2
1 960
4,784
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value total 9
thous. of dol
Calf and' kip skins
- thous. of skins.
Cattle hides
thous of hides
Imports:
Value total 9
_ _ _ -thous. of dol_
Sheep and lamb skins
thous of pieces
Goat and kid skins
do
Prices, wholesale (f.o.b. shipping point):
Calfskins packer heavy 9/^/15lb
dol. perlb
Hides steer heavy native, over 53 Ib
do. --
4,422
134
311
5,056
165
417
7,874
198
661
6,941
182
572
4,997
184
374
6,043
161
490
5,223
121
459
6,088
134
557
6,288
158
586
5,042
142
514
6,962
248
646
8 793
5,409
1,053
1,805
5,319
1,917
1,627
4,667
1,306
1,678
8,905
5, 585
1,530
7,945
3,095
2,291
7,973
3,549
1,978
8,029
3,822
2,189
5,947
2,160
1,413
4,926
916
1,551
4,173
1,573
1,306
4,955
1,665
1,288
3,856
1,088
1,278
.500
.148
.600
.138
.560
.133
.560
.143
.565
.143
.565
.148
.580
.133
.580
.143
.525
.148
.525
.138
.550
.138
.550
.133
LEATHER
Production:
496
535
492
504
476
536
630
515
332
532 r 589
Calf and whole kip
_ __
thous. of skins__
1,743
1,805
1,836
1,832
1,946
1,883
1,803
1,496
1,947
1,911
1, 900
Cattle hide and side kip© thous. of hides and kips
1,844
1,814
1,714
1,919
1,687
1,622
1,464
1,834
1,301
1,421
1,381
Goat and kid®
thous. of skins
2,669
2,685
2,652
2,350
2,684
2,537
2,820
2,408
1,858
2,479
2,489
Sheep and lamb®
_ do. -Exports:
2, 033
2,528
1,636
1,889
3,067
2,829
2,806
1,637
2, 725
4,277
2,451
Glove and garment leather.
thous. of sq. ft._
3,291
3,082
2,390
2,687
4, 050
2,987
3,175
3,798
3,960
4,149
2,952
Upper and lining leather
- do
Prices, wholesale:
.720
.727
.713
.730
.717
.747
.687
.683
.700
.760
.680
Sole, bends, light, f.o.b. tannery
dol. per lb_
Upper, chrome calf ,B and C grades, f.o.b. tannery
1.317
1.327
1. 298
1.317
1.333
1.323
1.303
1.303
1.333
1.215
1.313
dol. per sq. ft_.
r
Revised.
» Preliminary.
2
* Revised estimate of 1959 crop.
December 1 estimate of 1960 crop.
JFor 1953 revisions, see Census report, "Fats and Oils, 1958" (Series M28-1-08).
cf Production of refined oils covers only once-refined oils (alkali refined).
*New series; data prior to August 1958 are available from reports of the compiling agency (Bureau of the Census).
9 Includes data for items not shown separately.
©Revisions for January-March 1959 (also for 1958 for sheep and lamb) will be shown later.
183
921
617
r
1,934
1,345
2, 825
:
v. 575
P. 128
593
1,822
1,187
2,351
3,898
4 168
.663
P. 673
1.313
» 1.353
2.87
SURVEY OF CURRENT BUSINESS
February 1961
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1959
December
S-31
1961
1960
January
February
March
April
May
June
July
DecemOctober NovemAugust September
ber
ber
January
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers :1
Production, total
thous. of pairs..
Shoes, sandals, and play shoes, except athletic,
total
thous. of pairs
By kinds:
Men's
do _
Youths' and boys'
_
-do
Women's
do
Misses' and children's
__ _ ..do
Infants' and babies'
do
Slippers for housewear
- do
Athletic
do
Other footwear
_ do
Exports
do_ __
Prices, wholesale, f.o.b. factory:
Men's and boys' oxfords, dress, elk or side upper,
Goodyear welt
1947-49=100..
Women's oxfords, elk" side upper, Goodyear welt
1947-49= 100. _
Women's pumps, low-medium quality
do
48,790
53, 100
53, 403
57, 861
48, 756
48, 595
49, 902
43, 413
58 108
48, 776
47, 452
45, 666
42, 598
42, 768
48, 393
48, 150
51, 408
42, 820
42, 320
42, 934
37, 841
49 260
40, 603
38 532
36, 955
38, 016
8,720
2,089
22, 376
6, 309
3,274
9,042
2,287
26, 735
6,983
3,346
8,596
2, 195
26, 949
6,921
3,489
9,796
2,278
28, 733
6,921
3,680
8,660
1,918
24, 069
5, 226
2,947
8.914
2,010
22, 799
5,602
2, 995
9,039
2,112
23, 172
5,733
2,878
6,977
2,145
21,135
5,440
2,144
9,437
2,408
26, 902
7,303
3 210
8,521
2,026
21, 069
6,055
2,932
8 433
1,907
19 666
5,547
2 979
7,952
1,683
18, 870
5,407
3,043
8,026
1,838
19,613
5,544
2,995
4,869
592
561
186
4,019
473
215
191
4,452
504
297
185
5,461
602
390
252
5,100
542
294
235
5,355
589
331
174
5,802
649
517
147
4,832
368
372
155
7 809
518
521
245
7,189
506
478
217
7 916
540
464
241
7,706
528
477
210
3,613
476
493
137.4
137.4
137.4
137.4
135.7
133.5
133.5
133.5
133 5
133.5
133 5
133 5
p 133 5
146.7
133.7
146.7
133.7
146.7
133.7
146.7
133.7
146.7
133.7
146.7
133.7
146.7
133.7
146.7
133.7
146.7
133.7
146.7
133.7
146 7
133.7
146.7
133.7
v 146. 7
p 133. 7
LUMBER AND MANUFACTURES
LUMBER— ALL TYPES
National Lumber Manufacturers Association:
Production total
mil. bd ft
Hardwoods
do
Softwoods
_
do
Shipments, total
do
Hardwoods
do
Softwoods
do
2,947
560
2,387
2,804
538
2,266
2,681
554
2,127
2, 634
587
2,047
2,924
508
2,356
2,798
637
2,161
3,096
532
2, 564
2,959
619
2,340
3 048
597
2, 451
3, 055
623
2,432
3 197
617
2, 580
3,187
613
2,574
3 194
631
2,563
3,097
581
2,516
2 693
611
2,082
2 605
536
2 069
3 175
601
2,574
3 035
560
2,475
2 973
577
2.396
2,867
536
2 331
2 801
623
2,178
2 684
562
2 122
2 545
575
1 970
2 447
528
1 919
2 250
431
1 819
2 331
423
1 908
9,610
3,844
5,766
9,657
3,810
5,847
9,800
3,741
6,059
9, 937
3, 654
6,283
9,944
3,628
6,316
9,954
3, 632
6,322
10, 050
3,682
6,368
9 902
3,757
6 145
10 036
3,798
6,238
10 142
3,840
6 302
10 254
3,901
6 353
10 370
3 949
6 421
10 279
3 921
6 358
76, 662
M bd. ft
do __ 271, 351
64, 823
214, 418
60, 041
305,515
71, 578
325, 926
89, 174
305, 900
83, 843
408, 205
83, 094
419, 089
68 899
367,136
63 912
370, 988
74 185
345, 196
69 322
331 708
61 855
312 168
833
703
715
701
985
566
666
650
603
1,034
687
704
724
649
1,126
661
656
793
710
1, 209
663
633
709
686
1,245
662
531
717
764
1,197
675
488
669
718
1,148
601
519
532
571
1,109
685
491
719
712
1,111
615
447
657
660
1,108
583
434
599
596
1,105
586
444
575
575
1 122
Exports, total sawmill products
M bd. ft_. 36, 436
22, 000
Sawed timber
do
14, 436
Boards, planks, scantlings, etc .__
_ do _
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
dol. per M bd. ft.. 82. 601
Flooring, C and better, F. G., I" x 4", R. L.
dol. per M bd. ft_. 131. 598
Southern pine:
514
Orders, new
mil. bd. ft__
179
Orders, unfilled, end of month
_ do
616
Production
do
529
Shipments
do
Stocks (gross), mill and concentration yards, end of
1,806
month_- ... .
_
mil. bd. ft
8,412
Exports, total sawmill products
M bd ft
1. 925
Sawed timber_. _ _ _ _ _ _ _
_ __do
6,487
Boards, planks, scantlings, etc
_ do
Prices, wholesale, (indexes) :J
Boards, No. 2 and better, V x 6", R. L.
119.8
1947-49=100—
Flooring, B and better, F. G., V x 4", S. L.
95.5
1947-49=100..
Westernpine:
861
Orders, new...
mil. bd. ft__
423
Orders, unfilled, end of month
do
Production
do
742
Shipments.
do
745
Stocks (gross), mill, end of month
__do
2,053
Price, wholesale, Ponderosa, boards, No. 3, I" x 12",
75.500
R. L. (6' and over)§
dol. per M bd. ft
32, 176
18,252
13,924
25, 615
14, 827
10, 788
31, 722
17,271
14, 451
36, 531
19, 628
16, 903
43, 673
28, 005
15, 668
37, 889
18, 376
19, 513
31,587
18 773
12 814
24, 576
11 847
12, 729
33, 460
13 709
19, 751
29, 135
12 880
16 255
25 912
11 778
14 134
83. 456
83. 536
83. 193
83. 193
82. 503
80. 405
80. 757
80. 235
80. 057
79 046
Stocks (gross), mill, end of month, total
Hardwoods
_ ._
Softwoods
Exports, total sawmill products
Imports, total sawmill products ...
.
do
do
do
SOFTWOODS
Douglas fir:
Orders new
mil bd ft
Orders, unfilled, end of month
do
Production
. . .
_. _ _
do _
Shipments
do
Stocks (gross), mill, end of month.
.
do
T
r
78 369
545
421
532
568
1,086
p 78. 698
130. 919
131. 186
129.819
129. 734
128 679
634
221
666
629
642
208
699
655
542
203
574
547
601
198
603
606
587
174
608
611
577
167
606
584
533
162
584
538
459
165
458
456
1,991
10 069
1,678
8,391
2,028
8 055
2,777
5,278
2,072
9,123
2,136
6,987
2 099
11 003
3 643
7,360
2,096
8 545
2,810
5,735
2,093
6 426
1,273
5, 153
2
7
2
4
115
042
375
667
2 161
6 136
903
5 233
2 163
117.2
117.5
116.3
114.8
113.2
111.4
110.3
108 9
107.2
p 107. 1
95.4
95.4
95.1
94.9
94.1
93.9
93.6
93.6
93.4
P93.4
651
376
699
670
2,033
718
391
758
702
2,089
740
367
758
765
2,082
819
370
841
815
2,108
735
339
829
767
2,170
703
378
691
664
1,960
771
364
871
785
2,046
709
348
782
726
2,102
644
322
684
670
2, 116
545
308
563
560
2 119
607
332
542
583
2,078
76. 060
78. 420
79. 680
79. 720
79. 990
78. 620
75. 950
72.280
69 560
v 69. 560
3,575
11, 500
2,950
2,800
10, 375
2,675
11, 550
2,825
2,675
10, 575
3,625
11,800
3, 350
2,900
10, 900
3,150
12, 350
2 925
2,725
11, 125
3 300
12, 325
3 000
3 300
11,050
4,075
12, 050
3 200
4,250
10,000
3 925
12 550
2 175
3 000
9,275
3 650
12, 050
3 350
4 100
8,525
2 550
11,200
3 225
3 400
8,300
2 500
10 200
3 000
3 050
8,250
2 950
10 475
3 125
2 700
8^650
2 925
10 550
2 800
2 625
8,850
81, 169
47, 384
73, 631
71, 925
85, 683
72 509
48, 651
72 509
69 294
87, 675
71 514
48, 276
78 715
71, 889
94, 501
69 689
47 370
74 689
73 007
96, 183
72
34
76
79
98
64 029
35' 952
64 001
63 796
96 267
81
38
78
78
93
72
34
76
75
92
65
32
74
70
94
59 585
29' 014
69 970
65 148
99 172
131. 688
133. 084
133. 084
541
200
570
520
502
182
576
520
587
201
630
568
639
216
641
624
1,856
7,649
1,247
6,402
1,912
7,231
1,557
5,674
1,974
6,420
1,620
4,800
119.6
118.2
95.5
95.4
613
404
579
628
2,004
U32.563 131. 717
69. 670
69 650
128. 246 pl27. 477
r
HARDWOOD FLOORING AND PLYWOOD
Flooring:
Maple, beech, and birch:
Orders, new
_.
__
M bd. ft
3,225
Orders, unfilled, end of month
__
do
10, 975
Production
do
3,375
Shipments
_
. _ do _
2,825
Stocks (gross), mill, end of month
do
10, 125
Oak:
Orders, new
do
69, 145
Orders, unfilled, end of month..
_ _ . _ do
37, 057
Production
do
77, 792
Shipments
do
70, 392
Stocks (gross), mill, end of month..
do
85, 345
Plywood (except container and packaging), qtrly. total:
Shipments (market) _. M sq. ft., surface measure.- 240,802
r
235 260
64
38
77
72
101
087
935
655
529
316
107
901
499
498
317
217 327
136
170
298
917
902
r
246
858
248
726
397
207 954
882
517
340
894
590
53
26
6°
54
106
501
382
376
772
776
115 116
Revised.
p Preliminary.
1 Not entirely comparable with data prior to month noted. \ Revisions for 1958-September 1959 for production will be shown later.
{Effective with
the July 1960 SURVEY, price indexes replace actual prices; data for January 1947-April 1960 will be shown later. § Not comparable with data through 1958 which cover a different specification.
SUEVEY OF CURRENT BUSINESS
S-32
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of DecemBUSINESS STATISTICS
ber
February 1961
1960
January
February
March
April
May
June
1961
July
August September
DecemOctober November
ber
January
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excluding advanced manufactures and ferroalloys):
Exports total'i'9
thous of short tons
Steel mill oroducts*
do
Scrapt
__do_ _
Imports totalf9
do
Steel mill products*
do
Scrap
do
726
130
579
650
539
15
530
158
356
512
465
10
636
168
459
507
471
11
764
203
551
505
464
12
758
235
514
391
331
16
992
320
662
318
272
10
1,013
382
623
301
213
14
832
331
492
238
177
15
1, 195
328
861
247
184
10
907
228
655
295
207
12
953
231
683
265
180
8
1,009
234
733
236
199
8
7, 953
4, 457
3, 496
7. 864
10,011
7,411
4, 465
2,946
7,871
9,540
7,259
4.221
3,037
7,256
9,545
7,173
4,366
2, 808
7,437
9,278
6, 270
3,825
2, 445
6,279
9,270
5,847
3, 523
2, 324
5,642
9, 475
5,181
3,181
1,999
4,994
9,661
4, 150
2. 555
1, 595
4,120
9, 700
4, 650
2, 852
1,798
4,724
9,629
4,536
2,736
1.800
4,646
9,514
4, 896
2,829
2, 066
4,901
9,513
4,370
r 2, 645
>• 1, 725
4,413
r
9, 472
T 4, 187
^2,411
*> 1, 775
* 4, 188
p 9, 260
5,036
5,178
3. 035
4,041
1,926
2,370
4,017
1,779
2,516
4, 502
1,922
2,217
7,440
6,873
2, 334
11, 873
13, 349
3, 717
11, 645
12,816
4,221
10, 343
12, 523
3,746
10, 934
10, 876
4,299
8,789
9, 252
3, 070
6,423
7,426
2,593
3, 959
3,783
2,011
3,672
1,142
10,943
11,539
126
1
73, 040
8 524
' 56. 941
7, 575
4, 660
11,856
70
66, 816
10, 839
49, 257
6,720
4,431
11,337
34
61, 470
13, 073
42, 483
5, 914
4,299
11,788
100
55, 777
1 5, 320
34, 994
5,463
8,084
10,433
169
53, 235
15,891
32, 645
4,699
15, 926
9,740
557
57, 673
14.418
38, 830
4, 425
16.293
8,060
824
65, 016
13. 249
47, 097
4, 070
15, 705
7,014
788
72, 297
11,' 079
55, 787
5, 431
13,894
6, 729
1,162
80, 050
11,148
62, 953
5,949
11,049
6, 356
849
84, 816
10, 687
67, 645
6, 484
9,906
6,694
466
86, 252
8,579
70, 857
6,816
5, 867
6, 362
126
85, 860
8,755
70, 362
6, 743
2, 660
5, 895
109
73
115
111
87
66
154
103
116
112
85
89
7, 573
7,734
7, 754
7, 857
7,342
7, 392
7,714
7, 094
6, 760
6, 556
6,331
6, 123
5, 261
5, 255
4,480
4,405
4,470
4, 616
4,108
4,274
4,473
4, 500
4,138
4, 116
3 841
P 3, 817
Iron and Steel Scrap
Production and receipts, total
thous. of short tons..
Home scrap produced
do
Purchased scrap received (net)
do
Consumrttion 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
Importsf
do
U.S. and foreign ores and ore agglomerates:
Receiptsftfciron and steel plants
Consumption at iron and steel plants
Exports
Stor-ks total end of month
At furnace vards
\t U kS docks
do
do
do
do
do
rlo
Manganese (manganese content), general imports |
thous. of long tons.^
85, 237
11,282
67,116
6,839
Pig Iron and Iron Manufactures
Pteiron:
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: O
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
2,979
2,966
2, 973
3, 051
3, 269
3,537
3, 644
3,758
3. 696
3,617
3,659
'3,710
p 3, 759
65. 95
66. 00
66. 50
65. 95
66. 00
66. 50
65. 95
66.00
66. 50
65. 95
66. 00
66.50
65. 95
66. 00
66. 50
65. 95
66.00
66.50
65. 95
66. 00
66. 50
65. 95
66. 00
66. 50
65. 95
66.00
66. 50
65.95
66.00
66.50
65. 95
66.00
66.50
65.95
66.00
66. 50
65. 95
v 66. 00
^ 66. 50
65. 95
847
1,107
584
854
1,136
592
857
1,108
571
882
1,143
600
836
1,051
581
782
1, (;5;{
",89
720
1,050
602
755
803
451
713
859
540
695
900
527
647
905
500
569
836
455
94
80
46
100
83
46
98
83
47
85
86
50
79
71
39
73
69
38
64
73
43
74
50
29
70
59
37
69
63
36
57
64
35
56
63
35
12, 049
96
169.4
11,127
94
167. 2
11,565
92
162.6
9,778
80
142.0
8,830
70
124. 1
7,405
61
107.6
6, 351
50
89.3
6,838
54
9-o. 1
6, 458
53
93.8
6, 868
54
96. 5
6,172
50
89.7
"• 5, 840
46
r
82. 1
P 6, 424
123
94
129
98
144
110
127
97
127
97
137
107
90
67
102
77
104
80
103
80
100
78
420.1
122.6
93.6
398.3
129.8
100.1
356. 2
137.9
107.8
325. 0
116.7
89.7
312. 5
110.3
85.1
295.2
110.1
82.0
295.3
79.3
57.9
299.0
88.3
63.0
301.7
94.0
68.8
277.1
97.4
72.9
? 264. 8
Steel, Crude and Semimanufactures
Steel ingots and steel for castings:
11,989
Production
thous. of short tons
96
Percent of capacitvcf
Index
1 947-49=1 00. _ 168.5
Steel castings:
133
Shipments, total
thous. of short tons..
104
For sale total
do
Steel forgings (for sale) :
420.1
Orders unfilled, end of month
do
114.4
Shipments total
do
85.3
Drop and upset
do
Prices:
Composite, finished steel (carbon)
dol. perlb.. .0698
Steel billets, rerolling, carbon, f.o.b. mill
95.00
dol. per short ton..
. 0617
Structural shapes (carbon) f o b mill
dol per Ib
Steel scrap, No. 1 heavy melting:
41.23
Composite (5 markets) §
dol. per long ton
42.00
Pittsburgh district
do
r 92. 6
66. 6
^90.3
268. 1
89.4
63.8
. 0698
. 0698
. 0698
. 0698
. 0698
. 0098
. 0698
. 0698
. 0698
.0698
.0698
. 0698
95.00
.0617
95. 00
.0617
95.00
.0617
95.00
.0617
95.00
.0617
95. 00
. 0017
95. 00
. 0617
95.00
.0617
95. 00
. 0617
95. 00
.0617
95.00
.0617
" 95. 00
p . 0617
41.41
43.00
40.04
43.00
34. 16
36.00
33.88
35.00
32.97
33.50
31.12
31.00
31.28
30.50
32.20
30.50
31.87
30. 50
29. 52
28. 50
28.33
27.00
v 28. 66
P27.00
2,193
2, 280
1,796
1, 808
1,616
1,424
1,871
1,700
1,798
1,714
1, 715
1,893
1,702
1,986
1, 681
1,762
1,619
1,892
1,607
1,847
1, 378
1, 715
1,295
1,711
317
177
274
1,374
21, 640
301
181
251
1, 435
21, 904
288
171
237
1,470
22, 381
330
184
273
1,696
24, 302
363
209
300
1, 496
23, 542
408
232
345
1,597
29, 926
424
230
363
1,619
32, 199
453
275
399
1,368
25, 174
601
409
535
1,693
24, 952
553
390
484
1, 561
23, 609
'416
272
358
1,495
20, 486
318
188
272
1,412
15,419
. 0698
Steel, Manufactured Products
Barrels and drums, steel, heavy types (for sale):
Orders, unfilled, end of month
thousands..
Shipments
do
Cans, metal, shipments (in terms of steel consumed),
total for sale and own use thous of short tons
Food®
do
Shipments for sale
do
Closures (for glass containers) production
millions
346
196
299
1,229
15, 550
Steel products, net shipments:
4,944
4,516
5, 072
6,272
5,921
4,983
4,116
4,711
8,430
7,583
7,966
6,742
8,211
Total (all grades)
thous of short tons
174
184
176
219
179
183
180
188
414
239
351
374
416
Semifinished products
do
321
324
397
367
320
457
447
348
562
619
574
517
570
Structural shapes (heavy) steel piling
do
388
529
354
405
484
373
370
624
776
378
755
754
727
Plates
do
58
91
133
76
51
46
50
153
149
148
120
170
139
Rails and accessories
do
r
p
l
Revised.
Preliminary.
Reflects inventory adjustme nt.
t Revised (beginning in the February 1960 SUEVEY) ;o include certain rr etal mamifactures <}lassifi.ed ' ?y the ind us try as s teel mill p roducfe but former y omittec L from the total sho wn here;
see note marked "*".
9 Includes data not shown sep irately,
* New series (from Bureau of the Census). Data beginning Ja nuary 19£ 9 revised (in the A]->ril 1960S URVEY) to include e xports of s econdary tinplate. Re vis i oris for 1958 for total and steel
C) Re vis ions for Janu ary 1958-1NTovembe r 1959 are available upon rcqilest.
mill products exports and imports are shown in the Mar ch 1960 SL RVEY (bo ttom p. S -32).
t Scattered revisions for 1957-58 are available upon r equest.
cf For 1960, percent of capacity is calculated on annilal capaci ,y as of Ja nuary 1, 1960, of 14? ,570,970 t 3ns of stef 1; for 195£ , as of Ja luary 1, 959 (147,6 33,670 torj s).
§Represents the weighted average of consumers' Imying pr ices (inch iding bro cerage), c lelivered, at follow ng marke ts: Pittst>urgh disi rict, Chi(jago, Phi] adelphia, Birmingllam, and
Francisco.
^Excludes shipments of food cans o f the press ure-packi ng type; s uch type s are inch.ided in to tal shjpm ents.
Digitized forSan
FRASER
February 1961
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1958 and 1959
descriptive notes are shown in the 1959 edition of DecemBUSINESS STATISTICS
ber
S-33
1960
January
February
March
April
May
June
1961
July
August
Septem- October Novem- December
ber
ber
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 .
Bars: Hot rolled (incl. light shapes)
_do__ .
Reinforcing
do
Cold
finished
do
Pipe and tubing
do
Wire and wire products
do _ _
Tin mill products
do
Sheets and strip (incl. electrical), total
_ _ do
Sheets* Hot rolled
do
Cold rolled
__ do
Fabricated structural steel:
Orders new (net)
thous. of short tons
Shipments
do _.
Backlog, end of month
do
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary, domestic- thous. of short tons_
Estimated recovery from scrap A
do
Imports (eeneral):
Metal and alloys crude
do
Plates sheets etc t
do_ _
Stocks, primary (at reduction plants), end of month
thous of short tons
Price, primary ingot, 99.5%+O_._
_ _ dol. per Ib _
Aluminum shipments:
Mill products and pig and ingot (net)t
mil of Ib
Mill products total
-_ do
Plate and sheet
do
Castings§
- - - do
Copper:
Production:
Mine, recoverable copper
thous. of short tons__
Refinery primary
_
do
From domestic ores
do
From foreign ores
- do
Secondary recovered as refined.
do
Imports (general):
Refined, unrefined, scrap©J
do
Refined
_
do
Exports:
Refined, scrap, brass and bronze ingots
do
Refined
- do
Consumption, refined (by mills, etc.)
do
Stocks, refined, end of month, total_._
do _ _ .
Fabricators'
do
Price, bars, electrolytic (N.Y.)
dol. per Ib
Cepper-base mill and foundry products, shipments
(quarterly):
Brass mill products. _ _ _
mil. of Ib
Copper wire mill products©
do
Brass and bronze foundry products
do
Lead :
Production:
Mine recoverable lead
thous. of short tons
Se-condary estimated recoverable©!
do
Imports (general), ore©, metal $ _
do
Consumption total
do
Stocks, end of month:
Producers', ore, base bullion, and in process©
(ABMS)
- - - thous. of short tons
Refiners' (primary), refined and antimonial©
thous. of short tons
Consumers' cT
do
Scrap 0«ad-base, purchased), all consumers do
Price, pig, desilverized (N.Y.)
dol. perlb
Tin:
Imports (for consumption):
Ore©t_ - --- l°ng tons
Bars, pigs, etc
_
do
Estimated recovery from scrap, total©
do
As metal
do
Consumption, pig, total
do
Primary.
__
_ _ _ _
.__
do
Exports, incl reexports (metal)
do
Stocks, pig (industrial), end of month
_ _. do
Price, pig, Straits (N.Y.), prompt
dol perlb
Zinc:
Mine production, recoverable zinc
thous. of short tons
Imports (general):
Ores and concentrates©?
do
Metal (slab, blocks)
_ do
Consumption (recoverable zinc content):
Ores©-.
_
do
Scrap, all types
do
Slab zinc:
Production (primary smelter), from domestic and
foreign ores __ _ _
thous, of short tons
Secondary (redistilled) production, total. . do
Consumption, fabricators', total
do
Exports!
_
. _ _ do
Stocks, end of month :
Producers', smelter (AZI)
do
Consumers'
do
Price, prime Western (St. Louis)
dol. perlb_.
1,283
901
213
160
859
381
553
3, 275
956
1,599
1,245
879
185
172
914
372
588
3,332
995
1,592
1,157
842
140
166
765
306
528
3,049
912
1,447
1,214
883
145
176
698
275
635
3, 291
942
1,608
993
679
162
143
610
247
559
2,806
7%
1,379
861
541
192
120
586
246
567
2, 654
722
1,357
803
479
210
106
576
215
654
2,422
579
1,319
623
362
183
74
515
195
581
1, 856
440
977
772
453
223
91
559
243
555
1, 964
506
994
768
465
208
88
543
244
425
2, 075
585
1,026
806
4R7
229
84
483
224
363
2,039
581
1,004
730
464
176
85
432
204
308
1 845
500
906
621
392
148
75
407
182
288
1. 695
450
866
366
236
2,195
221
209
2,116
289
241
2, 189
343
277
2,364
345
287
2,401
270
285
2,237
268
333
2,219
270
301
2,203
262
332
2,114
260
324
2,058
220
314
2,028
240
289
2 016
292
246
2,064
163.0
36.0
164.0
41.0
156.8
40.0
170.7
43.0
168.6
36.0
175.9
33.0
171.4
31.0
177.6
29 0
173.0
33.0
162. 9
31.0
167. 0
32.0
161 9
29 0
165. 5
26.4
4.7
12.0
3.4
10.6
3.5
16.8
3.4
7.6
3.4
11.1
2 9
15.2
3.3
12.9
2.0
14.4
2.6
10 5
2.7
16. 1
3.2
14 4
2 7
111.6
.2736
127.5
.2810
117 1
.2810
115.0
.2810
139 1
.2810
148 6
.2810
170 0
.2810
203 6
. 2810
211 7
. 2600
225 9
.2600
248 4
.2600
2r>7 1
2600
259 5
.2600
' 480. 2
' 268. 0
' 143. 2
65.2
372. 5
250. 0
131.3
68.2
426 4
256. 0
135. 8
71.7
433.1
267.1
144. 1
72.2
366. 4
247.4
133.6
61.8
398 4
272.3
147 3
60 3
411.2
278.3
150. 4
60.1
355 5
253. 1
143. 0
45.7
423 1
262.0
140 3
58.8
358 9
253. 3
134 0
62.1
370.3
246. 9
128. 9
'63.8
369
236
127
63
7
8
8
4
377,4
225. 3
120. 6
29.5
i 45, 4
i 17.3
128.2
t 16.9
' 47. 5
78.9
45.5
83.5
22.8
75.2
85.9
64.3
21.6
25.8
96.3
132.4
105.2
27.2
19.9
'97.7
144.9
109.0
35.9
22.2
'98.4
140.9
107.9
33.0
21.8
95.2
142.7
108.1
34.5
24.8
86.3
1 24. 7
88.3
36. 4
23 . 4
90.9
135.6
97.3
38.3
23.0
97.5
139.4
101.0
38.4
24.6
' 100.5
128.2
93.4
34.8
25.6
98.2
131 9
99 6
32 3
20 5
99.1
133.3
101.6
31.7
21.3
80.7
40.2
63.7
34.1
47.5
22.6
52.8
18.0
44.0
10.1
29.8
7.2
52.6
7.5
34.7
6.8
55.2
9.0
36.3
7.7
48.3
6.6
r 26 7
32.2
6.2
10.5
5.1
107.6
121.1
81.5
.3372
17.0
11.3
111.0
122.5
76.3
.3365
29.4
19.0
122,2
119.4
75.8
.3298
34.7
21.2
139.4
127.3
80.3
.3261
46.2
31.3
114.6
155.4
103.5
.3260
64.2
50.8
116.4
157.1
99 2
.3260
57.8
38.8
121.2
174.1
100.7
.3260
64. 5
45 0
71.7
196.8
117.2
.3260
78.4
58.7
120.8
198.0
110.2
. 3260
60.5
42.9
125.8
187.6
112.8
.3260
54.7
37.2
v 113.3
f 206. 4
P99.9
.3060
47 2
30 5
63.5
47.0
p 107. 3
» 228. 8
P 101.1
.2960
514
387
235
22.1
37.2
24.2
86.2
493
386
243
'20.8
37.7
35.0
87.3
T
22 6
37.9
26.9
85.1
2
'23.6
37.8
28.2
83.4
20 5
41 3
26.5
90 8
•p IQg 9
v 219 5
P 100 9
29€0
' 20.0
41.0
30.1
87.5
' 16 6
33.5
33.4
76 8
' 20 2
41.0
35.7
90.9
.2600
.2906
P458
p%77
Pl93
446
364
196
482
393
225
25.5
38.5
34.9
91.1
7 i
2
' 18 6
38.1
24.9
86 9
' 18 2
41.0
22.8
86 0
' 18 0
38 7
26 1
83 3
19 2
109.9
119.1
125.5
135.C
133.0
139.9
140.5
143.8
144.5
150.9
156.0
146 9
145.1
119.4
123.1
50.7
. 1252
117.0
120.5
42.7
.1200
115.5
126.6
41.8
.1200
107.5
126. 7
42.4
.1200
116.5
127.3
41.0
.1200
121.3
128 2
38.1
.1200
128.1
120.1
39.8
. 1200
134.1
125 8
42.8
.1200
136.5
128.4
44.0
.1200
136.7
118 1
45.6
.1200
139.5
110 5
43.6
.1200
151 Q
107 7
42 2
.1200
.1138
.1100
138
3,166
1,990
280
6,985
4,470
92
26, 945
.9913
2,452
3, 410
2,215
255
7,400
4, 570
194
26, 765
. 9985
526
3,620
2,030
210
7, 280
4,760
173
24, 050
1. 0097
861
3,860
2, 115
240
7,875
5,190
122
23, 355
1.0009
766
3,575
1, 805
230
7, 410
4, 960
19
22, 445
.9924
1, 267
3, 155
1,830
245
7,705
5,310
28
21, 930
.9954
1,801
4, 17S
1,960
270
7,685
5,220
103
20, 775
1.0131
1,160
2 149
1,500
240
6,520
4, 655
2
20, 650
1.0349
1, 555
3 780
2, 020
275
6,995
4, 635
39
20.370
1. 0285
929
2 872
1, 800
290
6 030
3, 760
58
22,145
1. 0223
1 001
3 262
1,815
230
5 600
3,290
19
22,910
1. 0328
fjl2
2 1523
l' 860
265
5 475
3 035
92 7{>0
1 0282
1 0114
1 0038
39.5
'37.4
'38.1
' 42.8
' 41.4
'40.9
'39.3
'37.1
'34.0
'30.5
'27.9
'27 8
35.2
30.3
10.7
36.0
9.0
43.3
9.5
45.0
12.1
39.2
7.5
49.2
6.8
32.7
15.5
35.7
3.7
35.6
8.1
40.6
17 3
30.4
7.9
35.5
11 2
7.8
20.6
7.7
20.8
7.3
21.1
8.1
21 0
8.2
16 1
7.2
17 7
6.2
18 7
66
15 0
5 3
18 2
4 8
19 6
6.0
' 19 9
5 6
17 6
66, 7
2.9
89.3
2.3
69.5
3.8
88.1
5.6
71.0
3.7
87.4
1.8
82,3
3.8
86.5
5.9
79.3
3.9
71.2
4.7
74 7
4.5
70.5
7.1
72 8
3.9
73.9
4.2
70 0
3.7
55.2
2 4
59.5
4.4
68.5
7.6
56 1
3.9
67.0
91
58 7
4.3
67.8
4 8
56 9
4.0
62 7
7 8
154.4
98. 4
. 1250
144. 5
100.3
.1288
137.1
97 3
.1300
136.6
100 2
.1300
147.9
96 9
.1300
165.0
85 8
.1300
99
200.6
192.5
207. 1
187.7
190.3
182.1
190.8
206.4
r 65 3
68 3
67 5
74 2
72 3
69 8
.1300
.
1300
.1300
.1300
.1300
.1300
.1248 3.1153
2
' Revised.
p Preliminary.
1 Part of August 1959 production is included in December 1959 data.
See note marked "O".
3 Average based on actual market days; excludes
nominal prices for other days.
© Basic metal content.
A Effective with the February 1960 SURVEY, data include estimates for nonreporting companies and are expressed in metallic
content (including alloying constituents), aluminum content is about 93 percent of metallic content.
O Effective August I960, price refers to aluminum formerly called "processed pig" and now sold as "unalloyed ingot"; January-July 1960 price comparable with August 1960, $.2600.
§Data for 1958 have been adjusted to industry totals based on the expanded survey of producers introduced in January 1959; revisions for 1958 are shown in the January 1960 SURVEY.
t Revised effective w^ith the February 1960 SURVEY to include monthly estimate of lead recovered from nonreportino: secondary smelters and lead recovered from copper-base scrap; revisions
for 1958 are shown in the February 1960 SURVEY.
(^Consumers' and secondary smelters' stocks of lead in refinery shapes and in copper-base scrap.
J Scattered
revisions for 1957-58 are available upon request.
SUKVEY OF CUEEENT BUSINESS
S-34
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of DecemBUSINESS STATISTICS
ber
February 1961
1960
January
February
March
April
May
June
1961
July
DecemAugust SeptemOctober November
ber
ber
January
METALS AND MANUFACTURES—Continued
HEATING EQUIPMENT, EXCEPT ELECTRIC
Radiators and convectors, cast iron:
Shipments
mil of sq. ft. of radiation
Stocks, end of month
do
Oil burners: A
Shipments
thousandsStocks, end of month
do
Stoves and ranges, domestic cooking, incl. built-ins:Ad"
Shipments total
thousands
Coal and wood
do. _
Gas (incl bungalow and combination)^
do
Stoves domestic heating shipments total At
Coal and wood
Gasf
^o
do
do
Warm -air furnaces (forced-air and gravity air-flow),
shipments totalAt
thousands
Gas
do
Oil
- do _
Solid fuel
do
TVater heaters gas shipments
do
1.3
3.1
1.2
3.5
1.4
3.7
1.5
4.2
1.2
4.6
1.2
4.9
1.5
5.0
1.3
4.3
1.8
3.8
2.1
3.4
1.9
2.8
1.5
2.7
32.6
40.1
36.8
43.1
39.2
48.0
35.4
55.2
34.6
61.6
36.6
69.1
46.9
65.8
34.9
66.4
46.6
58.2
64.6
49.4
-64.6
'45.1
40.3
41.6
3.0
156.9
3.3
133.5
3.1
158 6
2.9
171.9
164.9
3.0
156 4
5.5
152.6
3.6
144. 6
4.4
174.4
3.4
166.8
4.2
3.3
105.9
3.6
162.8
4.4
178.7
4.7
169.3
89.7
13.1
63.5
13.1
72.0
5.4
41.5
25 1
78.2
7.7
45.1
25 4
113.0
13.7
70.8
28 6
110.5
16.3
61.3
32 8
116. 5
21.0
69.8
25.8
186.7
24.4
116.0
46.3
208.6
25.0
142.9
40.7
253.6
36.7
167.4
49.5
246.7
44.6
150.5
51.6
r
262. 1
45.1
"171.6
45.4
172. 3
27.7
131.1
31 4
87.9
68.3
16.4
2.1
183.3
78.3
61.7
15.2
1.3
202.1
79.9
63.2
15.3
1.4
201.6
82.8
66.7
14.7
1.4
230.8
86.8
70.2
15.6
1.0
203.2
88.5
70.5
16.7
1.3
192.7
107.4
86.6
18.9
1.9
237.9
99.2
78.1
18.7
2.4
240.7
132.0
101.9
26.5
3.6
262.1
147.5
109.4
33.7
4.4
212.5
'r 139. 7
104. 2
-31.5
4.0
179.5
99.9
76.8
20.8
2.3
MACHINERY AND APPARATUS
Blowers, fans, and unit heaters, quarterly totals:
Blowers and fans new orders©
roil
of dol
Foundry equipment (new), new orders, net
monthlv average shipments 1947—49 — 100
Furnaces, industrial, new orders, net:
Electric processing
mil. of dol
Fuel-fired (except for hot rolling steel)
do
35.8
24.1
42.8
20.3
36.5
20.1
35.0
21.7
95.9
95.5
128.6
159.9
97 9
159.0
164.8
80.0
92.4
158.1
81.7
106.5
1.6
5.2
1.4
2.2
2.0
2.2
1.1
5.6
1.8
6.9
1.3
3.1
1.1
1.0
1.5
1.2
1.1
4.4
1.2
1.7
1.2
3.5
.8
2.1
Industrial trucks (electric), shipments:
Hand (motorized)
number..
Rider-type
do
Industrial trucks and" tractors (gasoline-powered),
shipments
- number..
548
408
533
426
532
432
564
481
512
484
468
496
507
523
499
502
347
370
465
508
394
506
374
463
342
449
2,624
1,773
2,091
2,722
2,118
1,968
2,087
1,523
1,624
1,867
1,569
1,655
1,628
Machine tools (metal-cutting and metal-forming):
New orders (net) total
- mil. of dol
Domestic
do
Shipments total
do
Domestic
do
Estimated backlog (metal-cutting only)
months
58.30
48.15
63.85
55.35
4.8
56.45
45.05
46.40
40.65
5.0
GO. 60
46.50
51.95
44.65
4.5
61.95
47.60
64.50
54.95
4.8
51.85
40.30
55.10
45.05
4.5
49.95
32.40
56.35
44.75
4.3
55. 10
35.75
63.10
51.00
4.0
42.95
28.35
51.30
41.40
3.9
56.85
42.50
47.90
37.70
4.1
52.30
31.85
53.95
40.25
4.3
56.20
42.65
51.35
35.40
4.3
r 49. 95
r 34. 45
'r 48. 55
32. 30
4.4
223.4
59.7
15.7
218.0
2 14 4
2
15.8
223.1
2
38. 4
2 634
2,823
Other machinery and equipment, quarterly shipments:
Construction machinery (selected types), totalt9
T
i
t
Irl
'
t t 1
1
' dn
T t ' b i f f * t '" ff hlphwav ) d o
Tractor shovel loaders, integral units only (wheel
Farm machines and* equipment (selected types),
Tractors, wheel (excl. garden and contractors' ofThighwav tvoes)
mil of dol
Pumps (steam, power, centrifugal, and rotary), new
orders
mil of dol
1
212 1
62.0
14.4
308.1
80.0
23.9
270. 4
87.3
16.3
49.3
54.4
66.2
58.8
146.5
227.3
234.4
167.1
118.7
119.6
74.5
52.0
235.8
6.6
7.0
7.6
7.3
6.8
6.7
8.3
6.8
• 2, 467
1,865
1,641
1,877
1,545
1,650
2,072
2,131
2,550
2,708
2,834
r
147.5
113.0
-•115.0
117.0
143.2
143.3
156.4
148.6
127.0
145.7
117.6
127.5
126.2
122.3
102.1
96.8
122.4
64.8
142.8
89.5
127.9
91.5
••118.4
'87.9
293.8
264.2
31,553.3
3 593. 2
258.3
254.6
1,355.8
526.5
294.5
283.6
1,442.4
503.5
265. 6
245.8
243.9
277.0
1, 277. 0 31.551.5
442.2 3518.9
223.0
217.7
890.4
268.9
301.9
280.6
352.7
296.5
1,048.4 3 1,945.
1
462.3 3 678. 9
290.1
305.8
1, 727. 6
500.0
84.0
80.6
81.5
91.8
77.4
154
39, 063
146
42, 211
149
32, 463
168
20, 505
140
18, 808
*> 59. 25
» 35. 25
* 60. 45
p 40. 40
^4.4
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), shipments
Household electrical appliances:
Ranges (incl. built-ins), domestic and export sales
thousands
Refrigerators and home freezers output* 1957—100
Vacuum cleaners (standard type) , sales billed
thousands
\Vashers sales billed (domestic and export) O do
Radio sets production!
do_ _
Television sets (incl combination), prod.S _ do
Electronic tubes and semiconductors, factory sales
mil of dol
Insulating materials and related products:
Insulating materials, sales billed, index
1947-49—100
Steel conduit (rigid) shipments
thous of ft
Motors and generators, quarterly:
New orders index
1947 49 — 100
Polyphase induction motors, 1-200 hp:
Billings
do
Direct current motors and generators, 1-200 hp:
Billings
r
2
do
3
339.9
278.4
305.6
235.8
1,667.6
1,
230.
3
3
549. 5
422.6
78.0
134
23, 976
88.0
152
27, 717
113.5
106.1
254.6
280.6
223.5
275.3
1,468.8 -31,521.7 » 1,055.0
429.8 r 3 405. 5 v 360. 0
87.6
91.0
85.0
79.9
77.2
131
101
24, 562 4 26, 815
142
28, 410
124
28, 707
23, 620
18, 274
72.9
169
180
176
158
41 938
40, 015
43, 151
41, 921
44, 981
44, 988
39, 958
40, 489
7,124
7,069
8,111
6,975
6,768
7, 655
6,648
5,956
2
12, 321
2 1, 836
2
10 823
2 2, 233
Revised.
» Preliminary.
31 See note "t".
4
Data are for month shown.
Represents 5-weeks' production.
Beginning August 1960, data cover shipments for one additional company.
ABeginning
January 1959, industry estimates are based on revised inflating factors and are not strictly comparable with earlier data.
1
d Includes data for built-in gas-fired oven-broiler units; shipments of cooking tops, not included in figures above totaled 28,300 units (4-burner equivalent) in October 1960.
t Revisions for gas heating stoves (January 1958-May 1959) and wann-air furnaces (January 1957-May 1959) are available upon request.
JData beginning 1st quarter 1960 for construction machinery are not strictly comparable with data for earlier periods. Quarterly shipments for 1959 have been adjusted, insofar
as possible, to cover comparable items included beginning 1960. Revisions for 1st and 2d quarters 1959 are shown in the September 1960 SURVEY; revisions for 1958 will be shown later.
*New series (from Board of Governors of the Federal Peserve System); monthly data for 1947-1958 are available upon request.
9 Includes data not shown separately.
©Data exclude sales of combination washer-dryer machines; such sales (excluding exports) totaled 9,300 units in December 1960.
§ Radio production comprises home, portable battery, automobile, and clock models; television sets include combination models. Data for December 1959 and March, June, September
and December 1960 cover 5 weeks; all other months, 4 weeks. ©Revisions for 1958 are in the April 1960 SURVEY.
SUEVEY OF CURRENT BUSINESS
February 1961
Unless otherwise stated, statistics through 1958 and 1959
descriptive notes are shown in the 1959 edition of DecemBUSINESS STATISTICS
ber
S-35
1961
1960
January
February
March
April
May
June
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
.-do
Bituminous:
Production
thous of short tons
Industrial consumption and retail deliveries, total 9
thous. of short tons_
Electric power utilities
do
Railroads (class I)
__
do ___
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 )
_ _ _
_ _ d o __
Manufacturing and mining industries, total. _ do. _ _
Oven-coke plants
- do
Retail dealers
-
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
1,965
429
153
1,634
378
101
1,579
366
105
1,680
294
90
1,231
283
110
1,262
333
60
1,437
317
154
1,140
290
85
1,637
336
137
1,518
339
149
1,612
319
154
1,626
327
176
1,724
27.82
14. 651
28.18
14. 651
28.18
14. 651
28.18
14. 651
28.18
13. 433
27.16
1 3. 188
27.16
13.188
27.28
13. 608
27.33
13.608
27.34
14. 098
27.55
14. 098
27.64
14. 098
27.88
P 14. 098
40, 554
36 110
34 670
38 860
34 740
35, 990
33 325
25 250
36, 470
34 440
35 240
r
33 380
31 885
36, 974
15, 223
266
17, 719
8,707
38, 155
15, 865
263
17, 962
8,891
36, 518
15 016
248
17, 266
8,598
39, 156
16, 099
251
18, 532
9,107
30, 853
13 105
185
15, 747
8,181
29, 707
13, 155
145
14, 941
7,603
27, 983
13, 211
111
13, 424
6,529
26, 587
13, 373
99
11, 878
5,720
28, 824
14, 698
107
12, 282
5,672
27, 453
13 658
112
11,590
5 169
30, 159
14 304
192
12, 929
5 576
'30,537
14 654
175
••12,905
r
5 035
34, 434
16 673
3,731
4,063
3,986
4,269
1,729
1,323
1,098
1,119
1,616
1 978
2,609
2,729
3,886
76, 202
50, 107
225
24, 840
11,495
73, 426
48, 038
225
24, 331
12, 099
70, 640
46 084
209
23, 722
11, 242
66, 955
43, 345
195
22, 964
11, 148
68, 153
44, 356
176
23, 136
11,324
71, 364
46, 575
168
24, 053
11,916
73, 928
48, 275
178
24, 770
12, 391
70, 235
47, 517
158
21, 823
10, 343
72, 662
49, 334
162
22, 380
10, 742
74. 458
50 813
163
22, 679
10, 918
76, 206
52 215
164
23, 006
11,083
'76,730
52 435
180
'23,283
'11 204
73, 230
49 937
666
1,030
832
625
451
485
568
705
737
786
803
821
832
2,858
2,050
2,126
2,147
3,364
3,456
3,743
3,308
3,888
3,448
3,763
2 882
225
180
22, 447
11,025
17.19
17 20
17.21
17.21
16.71
16.69
16.78
16.87
17.08
17.21
17 24
17 27
5.193
7.953
5.193
7.953
5.193
7.953
5. 182
7.953
5.166
7.331
5.166
7.300
5. 161
7.406
5.156
7.463
5.156
7.619
5.149
7.769
5.149
7.769
5.149
7. 869
9 5. 149
v 7. 900
92
6,071
762
110
6,187
768
127
5 912
706
134
6,243
799
102
5, 654
809
79
5, 271
829
60
4,543
1,042
50
3,975
1,132
74
3,923
1,250
58
3 592
1 166
52
3 879
1,153
51
3 487
1 145
o r>-"7
4,672
2,987
1,686
1,141
42
4,038
2,528
1,510
1,163
38
3,879
2 544
1,335
1 166
34
3,673
2 504
1,169
1 191
35
3,752
2,610
1,142
1,196
20
3,783
2,674
1,109
1,178
24
3,892
2,811
1,081
1,167
37
4,076
2,964
1,112
1,199
37
4,271
3,122
1, 150
1,202
32
4 452
3 280
1 172
1 208
31
4,629
3 437
1 192
1 194
16
' 4 707
r 3 494
1 212
1 174
35
4 758
3 477
1 281
30.35
30.35
30 35
30.35
30.35
30.35
30.35
30.35
30.35
30 35
30 35
30 35
30 35
Crude petroleum :
2,430
Oil wells completed!
- ..number..
2.97
Price at wells (Oklahoma-Kansas)
dol. per bbl__
252, 442
Runs to stills!.
thous. of bbl
86
Refinery operating ratio
percent of capacity. _
2,132
2.97
256, 659
86
1,464
2.97
233, 880
84
1,795
2.97
245, 423
82
1,502
2.97
238, 809
82
1,733
2.97
246, 847
82
1,813
2,075
2,97
2.97
243, 773 257, 522
84
86
2,108
2.97
255, 748
85
1,734
2.97
242, 999
84
1,875
2.97
245, 157
81
1,835
2.97
236 789
81
P2.97
297, 789
291, 377
291, 045
291, 271
296, 027
290, 536
297, 866
300 155
211, 132 212,296
28, 166 27, 799
208,161
26, 671
212, 645
27, 884
215, 145
28, 621
209, 119
28, 092
215, 687
29, 732
213 992
29, 519
32, 730
23, 483
2,854
31, 191
19, 551
14, 219
32, 768
19,493
8,543
32 691
20, 634
14, 347
276 189
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
31 420
13, 625
4,919
17.14
r
1,825
199
52
'
30 35
PETROLEUM AND PRODUCTS
All oils, supply, demand, and stocks:cf
313, 088 312, 721 296, 669 310, 214
New supply, total!
thous. of bbl
Production:
Crude petroleum!
_ _
_ _ d o _ 222, 969 224, 140 209, 986 220, 977
29, 156
29, 258
Natural -gas liquids, benzol (blended) , etc. ! do
27, 576 29, 979
Imports:
31, 879
28, 610
Crude petroleum
_ _
do
29, 730 29, 292
29, 084
30, 713
Refined products!
._
do
29, 377 29, 966
-28,486 -18, 105 -10,591 -34, 532
Change in stocks, all oils (decrease,—)
do
Demand, total!
Exports:
Crude petroleum
Refined products!
Domestic demand, total 9 !
Gasoline!.-- __ _
Kerosene!A
Distillate fuel oil!
_
Residual fuel oil!
JetfueUA
Lubricants!
Asphalt! _ _ _
Liquefied gases!
Stocks, end of month, total..Crude petroleum
Natural-gas liquids
Refined products
do
do
do...
_ do.
do__
do
do
do.
_
33, 877
24, 614
14,611
30, 571
20, 711
16, 307
r
T
31 458
29 980
20, 989
26 664
1 4, 810 —4,678
341, 574
330, 826
344, 746
283, 178 275, 070
288, 191 277, 052
287, 484
258
7,238
334, 078
123, 578
15, 545
80, 976
58, 623
264
260
299
5,734
6,302
5,505
324, 828 301, 456 338, 184
111,311 108, 871 120, 497
14, 753
13, 915 15, 958
86, 200
73, 050 87, 137
61, 581 55, 804 60,701
270
127
6,421
6,477
276, 431 268, 522
129, 094 129, 952
7,668
6,176
45, 385 40, 450
45, 840 40, 246
248
436
5,742
7,155
280, 600 271, 062
138, 909 135, 838
6,665
8,067
39 755 34, 919
39, 332 36, 834
89
234
352
5 , 938
5,393
5,641
281, 457 270 562 r 277 063
138,371 128 530 126 242
8,433
8 864 r 10 475
37 137
39 683 45 160
36, 240
37 343 40 849
307, 260
do
do
do
do
10, 064
3,333
4,419
23, 703
8,973
3,284
3,066
23,072
8, 584
3,352
3,218
21, 532
8,903
3,646
3,769
23, 364
7,887
3,604
6,673
15, 899
8,752
3,898
9,478
14,601
do
do
do
do
808, 042
257, 129
24, 887
526, 026
790, 885
252, 206
22, 406
516, 253
780, 274
257, 028
20, 793
502, 453
745, 742
260, 923
18,916
465, 903
760, 353
266, 178
22,215
471, 960
130, 339
916
120, 307
914
126, 866
1,284
193, 575
12, 407
205, 379
11, 760
.100
.105
Refined petroleum products:
Gasoline (Incl. aviation) :
Production!
do.
129, 835
Exports!
do
1,793
Stocks, end of month:
Finished gasoline
do. __ 175, 319
Unfinished gasoline
do-- - 11,796
Prices (excl. aviation):
Wholesale, refinery (Okla., group 3)__ dol. per gal..
.103
Retail (regular grade, excl. taxes) , service stations,
.207
55 cities (1st of following mo.)
dol. per gal_.
9 255
3,699
13 411
14, 687
283 056
304 833
o
5
299
124
12
61
48
164
669
855
776
556
509
8 732
3,791
13, 848
14, 899
8 254
3,692
15, 581
17,946
776, 660
261, 312
26, 400
488, 948
779, 514 793, 733
257, 301 242, 745
29, 380 32, 467
492, 833 518, 521
802, 276
234, 091
33 224
534, 961
816, 623 * 831, 433 826, 755
231, 966 232, 990 239, 528
35 639 36 122
33 993
549, 018 T 562,321 553, 234
123, 449
1,607
125, 226
1,436
126 905
1,307
133 485
1,115
132 884
1 160
127 564
1 107
126 561
1 130
123 873
209, 854
12, 837
202, 610
13, 490
198, 081
12, 428
185 655
12 797
182 193
13, 828
177 795
12,527
177 667
11 978
177 660
12 014
175 419
13 307
.113
115
.105
.115
.120
.125
.125
.125
.125
8
3
13
15
723
483
727
275
8 269
3 479
11 099
17 992
___
8 472
3 474
6 827
20 846
747
J>. 125
.202
.203
.202
.207
.218
.208
.212
.218
.216
.213
.210
'.214
.211
* Revised.
» Preliminary.
9 Includes data not shown separately.
§Includes nonmarketable catalyst coke.
^Revisions for 1958 will be shown later as follows: Oil wells completed (August and September); domestic demand—jet fuel (February-September); lubricants (January-August); for
all other indicated items (January-September). Revisions for February-May 1959, respectively, for coke stocks follow (units above): Total—3,736; 3,647; 3,512; 3,273; furnace plants—2,302;
!2,218; 2,131; 1,954.
cTData for Alaska and Hawaii are included as part of domestic supply and demand beginning with January 1959 and January 1960, respectively: appropriate amounts for these States
are reflected in data for all series affected. Data beginning 1960 for jet fuel and kerosene are not comparable with earlier data because jet fuel for use in commercial aircraft is now classified
with kerosene; formerly, this product was reported primarily as "jet."
ASee last sentence of note "cf."
SUEVEY OF CUKRENT BUSINESS
S-36
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of DecemBUSINESS STATISTICS
ber
February 1961
1960
January
February
March
April
May
June
1961
July
August
SeptemDecemOctober November
ber
ber
January
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued d"1
Aviation gasoline:
Production.
thous. of bbl. _ 10, 467
1, 036
Exportst
do
11, 923
Stocks end of month
do
Kerosene :§
11,943
Production
do
26, 817
Stocks end of month
.
do
Price, wholesale, bulk lots (N.Y. Harbor)
.103
dol. per gal__
Distillate fuel oil:
60, 110
Production
thous. of bbl
1,789
Imports!
do
1,195
Exportst
do
151,030
Stocks, end of month
do
Price, wholesale (N.Y. Harbor, No. 2 fuel)
.098
dol. per gal__
Residual fuel oil:
Production
_ __ thous. of bbl. _ 31,206
22, 938
Importst
do
1,409
Exportst
do
53, 261
Stocks end of month
do
1.60
Price, wholesale (Okla., No. 6fue"l)._-dol. per bbl..
Jet fuel: 5
8,909
Production
thous. of bbl
8,741
Stocks end of month
do
Lubricants:
4, 968
Production
- ..
do. __
1.477
Exportst
do
8, 950
Stocks end of month
_ __ do _.
Price, wholesale, bright stock (midcontinent, f.o.b.
.250
Tulsa)
dol. per gal
Asphalt:
4,822
Production
thous. of bbl.
10, 948
Stocks end of month
do
Liquefied petroleum gases:
6,019
Production
._
do. __
17. 681
Transfers from gasoline plantst
do
Stocks (at plants, terminals, underground, and at
20. 785
refineries) end of month
thous. of bbl
Asphalt and tar products, shipments:
Asphalt roofing total
thous. of squares _.
Roll roofing and cap sheet
do
Shingles all types
- do
\sphalt siding
Insulated siding
Asphalt board products
Saturated felts
_
do
do
thous. of sq. ft__
short tons
10, 401
555
13, 401
9,761
582
14,025
9,780
863
14, 319
9, 145
1,229
14, 274
9. 521
1,084
13, 848
9,018
953
13, 943
9.374
888
12, 826
10,017
977
12, 608
9,666
915
12, 105
13, 547
26, 510
10, 408
23, 020
11,353
18. 440
9, 745
20, 547
9, 853
24, 217
9. 759
27, 354
11,164
30, 499
11,397
33, 379
10, 776
35, 408
r
r
9, 453
914
12. 714
8,994
564
13 585
11,993
36, 977
12 401
36, 722
.113
.113
.105
.105
.105
.102
.102
.102
.102
.105
.101
59, 874
1,610
789
125, 924
51,877
1,095
981
105, 015
55, 690
1,229
998
73, 948
52, 300
1, 520
779
81,755
53, 841
1,342
1,176
95. 461
53, 338
1,148
1,163
109, 174
56, 773
796
916
131,044
58, 081
773
751
152, 158
54, 928
1, 005
484
168, 235
56, 262
897
580
180, 071
54, 877
621
•^6
173.913
p. 101
.103
.103
.095
.095
.095
.092
.092
.092
.092
.095
.091
p. 091
32, 452
26, 366
1,728
49, 306
1.60
28, 938
24,649
1,685
45, 775
1.60
31, 065
25, 790
1,767
40, 503
1.50
26, 410
19, 567
1,688
39, 285
1.50
26, 072
15,590
1,484
39, 628
1.50
25,297
17,098
1,967
41, 074
1.80
26,265
13, 955
875
43, 848
1.80
26, 125
14, 966
1,888
47, 177
1.80
25, 779
15, 523
1,357
50, 136
1.80
25, 755
15, 976
1.283
50, 003
1.80
27,116
21,885
1 , 304
49. 525
1.80
f l . 80
7,250
6,846
7,314
7,041
7,272
6,386
7,437
6,556
7,338
6,810
7,894
6, 753
7, 528
6,892
7,796
7,343
6,961
6,431
6.898
6,034
7.291
6.020
4,895
1,196
9,365
4,614
1,040
9,588
5,027
1,333
9,637
5,052
1,422
9, 665
4,953
1,318
9,404
4,921
1, 559
9,068
5,232
1,478
9,032
4,689
1,088
8,942
4,944
1, 258
9,149
4,907
1,386
9,194
5, 094
1.353
9,463
.250
.250
.250
.250
.260
.260
.260
.260
.260
.260
.260
4,546
12, 838
4,363
14, 120
4,769
15, 266
7, 719
16, 830
9,449
17,037
11,042
15, 760
11, 776
14,259
12, 114
11, 284
11,147
9,110
9,741
8,141
6. 814
8,593
6,260
16, 573
6,277
15,271
6,900
16, 377
6,591
9,631
6,307
8,571
6,604
8,409
6,747
8,701
6,716
11,601
6,229
9.345
5,997
12, 129
6,128
14, 953
17, 721
15,861
13, 793
17, 382
21, 594
24,836
28,633
29,683
32, 036
32, 578
30,558
2,866
1,009
1,857
2,632
995
1,637
3,322
1,224
2,098
3,746
1,417
2,329
4, 017
1,403
2,614
5,268
1,743
3,525
5,981
2,006
3,974
6,002
2,079
3,923
6,738
2,567
4,171
6,770
2,690
4,080
5,951
2,299
3,652
4,537
1,688
2,848
4.298
1,656
2,642
51
59
813
61,577
52
46
776
55,940
63
56
1,046
71,809
56
72
764
74, 876
48
89
1, 548
68,471
62
106
1,386
81,091
72
132
2,080
89,640
78
112
1,739
92, 696
84
142
1,690
99,991
96
125
1,947
94,942
101
117
1,828
87, 553
84
82
727
79, 368
74
51
695
95, 392
P. 260
PULP, PAPER, AND PRINTING
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
Consumption
Stocks, end of month
Waste paper:
Consumption
Stocks end of month
thous. of cords (128 cu. 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
Groundwood
do
Defibrated or exploded
_
_
_ do _.
Soda semichem , screenings, damaged, etc do
Stocks, end of month:
Total, a l l mills
_ _ _ _ _
_ do
Pulp mills
do
Paper and board mills
do __
Nonpaper mills
do
Exports all grades, totalt
Dissolving and special alpha
All other
Imports, a l l grades, total! Dissolving and special alpha
All other
do
do
do __
_ _ _ _ _ _ __do
do
do
3,388
3,034
5,173
3,577
3,395
5,348
3,404
3,267
5,482
3,432
3,498
5,406
3,199
3,335
5,285
3,183
3,469
4,954
3,442
3,445
5,083
3,282
3.124
5,185
3,791
3,545
5,449
3,624
3,311
5,795
3.738
3,588
5.967
3,249
3,358
'5,891
3,043
2, 980
5,925
705. 5
617.0
738.9
574.4
755.6
555.5
778.5
552.5
753.1
556.8
770.4
540.0
781.8
538.8
651.2
543.8
783.1
541.7
759.4
537.7
770.1
544.0
718.9
547.9
751.8
561.3
1,891.8
84.2
1,044. 5
203.1
2, 109. 7
91.9
1, 199. 5
234.2
2,034.4
85.6
1,172.0
210.6
2, 175. 9
95.3
1, 255. 9
218.2
2, 098. 8
88.5
1, 195. 9
231.8
2, 165. 5
108.0
1,267.9
213.4
2,157.0
96.3
1,266.2
211.5
1,915.1
76.0
1,119.9
191.4
2, 196. 1
102.7
1, 276. 7
208.1
2. 053. 7 2, 228. 2
97.5
81.5
1, 182. 8 1, 298. 2
226.7
206.5
2, 073. 6
90.9
1, 194. 3
229.6
1, 856. 2
83.2
1,047.4
187.3
263.0
92.3
204.7
277.3
97.7
209.1
260.0
97.1
209.1
278.6
105.5
222.3
268.3
102.8
211.5
262.2
103. 8
210.3
276.3
101.0
205.7
245.4
92.7
189.8
274.9
108.6
225.1
261.1
110.0
211.7
283.9
113.5
208.4
265.5
100.0
193.3
261.0
89.8
187.4
850.7
235. 3
536.7
78.7
861.9
267. 6
523.3
71.0
863.5
284.4
505.0
74.1
851.0
270.8
504.0
76.2
879.9
283.0
520.2
76.7
912.5
305.2
526.3
81.1
922.5
301.8
535. 6
85.0
898.9
300.4
522.3
76.2
927.3
312.1
543.3
71.9
910.7
301.3
538.2
71.2
937.6
322.6
545.9
69.1
957.0
'341.8
545.8
69.5
897.8
295. 3
533.9
68 7
80.7
33.4
47.3
68.5
29.3
39.3
69.7
20.6
49.1
112.5
44.9
67.6
85.7
38.7
47.0
102.0
38.8
63.2
111.2
35.0
76.1
102. 7
33.9
68.8
99.5
32.0
67.4
107.1
36.3
70.8
90.2
30.7
59.5
97.6
33.2
64.4
203.8
18.3
185.5
173.2
11.2
162.0
302.4
14.5
287.9
207. 0
20.9
186.1
184.9
14.3
170.6
193.2
18.2
175.0
211.0
15.9
195.1
177.8
12.0
165.8
230.1
15.4
214.7
198.5
13.9
184.7
198.1
14.4
183.7
228.6
19.0
209.6
r
PAPER AND PAPER PRODUCTS
All paper and board mills, production:
2,567
2, 896
2, 835
3,027
2,946
2,936
2,959
2,820
' 2, 632 2,901
2.988
'2,794
2,560
Paper arid board, total
thous. of short tons
r
1,288
1,127
1,370
1,291
1,216
1,320
1,327
1, 209
1,330
1,172
1,277
1, 254
1,340
Paper
do
1,174
1,332
1,354
1,375
1,305
1,317
1,295
1,293
1,368
1,345
1,177
' 1. 278 1,148
Paperboard
do
12
14
14
10
10
13
13
12
14
13
12
11
'13
Wet-machine board.
_ _
do __
256
269
291
262
271
253
253
277
'249
233
287
290
229
Construction paper and board
do
T
Revised.
v Preliminary.
cf See similar note, p. S-35.
^Revisions for 1958 will be shown later as follows: Aviation gasoline exports, distillate fuel oil imports, residual fuel oil imports, transfers from gasoline plants (January-September); distillate fuel oil exports (January-May and September); residual fuel oil exports (May and June); lubricants exports (January-August); wood pulp—exports (Juneand August), imports (February arid November).
§See last sentence of note "cP" for p. S-35.
SURVEY OF CURRENT BUSINESS
February 1961
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1959
S-37
1961
1960
January
December
February
March
April
July
June
May
DecemOctober NovemAugust September
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
Shipment^ 9
do
Stocks end of month 9
do
Pine 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
Stocks end" of month
___ do
Price, wholesale, book paper, "A" grade, English
finish white, f.o.b. mill
._ dol. per 100 lb_
Coarse paper:
Orders new
thous of short tons
Orders unfilled, end of month _
do
Production
do
Shipments
do
Stocks end of month
do
Newsprint :
Canada (incl. Newfoundland):
Production
__
do
Shipments from mills
_ do _ _ _
Stocks at mills end of month
do
United States:
Production
- _
do
Shipments from mills
do
Stocks at mills, end of month
_ do
893 8 rr 865. 5 Tr 959. 0
647.6 r 650. 9
655.1
1,157.4
1,112.7 '1,060.3
934.1 r 882. 7 r 944.0
629. 8 r 627. 1 r 643.9
845.1
621.8
1,044.6
860.9
591.6
954.0
713.1
1, 146. 5
941.4
598.5
954 3
698 5
1, 122. 4
925 2
612 0
1. 050. 0
734.6
1, 202. 1
939.5
621.8
995.2
747.5
1, 164. 1
967.2
628. 9
950.6
703.6
1,161.6
977.5
630.8
941.4
700.2
1, 123. 9
954.7
631.6
859 8
708.7
975.7
806.2
624.3
133. 9
69.7
138.4
132. 1
150. 8
151.1
76.5
151. 3
148. 6
148.5
152.1
81 4
148 6
149.3
151.2
159.7
81.3
160.9
152. 9
155.8
152.5
86.2
155. 0
157. 4
160.7
145.7
83.8
152.4
145.3
164.1
148.8
86.2
150. 3
151.1
165.9
122. 0
79.4
127.1
125.9
149.4
144.0
82.2
148.0
149.3
156.2
»• r129. 5
71.2
r
140. 6
r
137.
8
r
152. 5
378.5
360. 8
381. 2
382. 8
256.0
397. 0
428. 9
401.0
394.8
262. 3
402.6
404.3
389.9
385 9
266.2
451. 1
425. 9
423.6
418.3
271.5
407.9
410.5
403.0
401.8
272.7
390.9
385. 6
403.0
401 6
274.1
423.1
410.5
395.7
397.0
272.9
392.4
418. 5
343.2
344 7
271.3
384.5
384.2
400.9
399 8
272.5
T
387. 6
r
378. 3
r
381
0
r
r
800.0
580. 0
836.0
839.0
564.0
142. 1
72.6
144. 1
145. 8
155. 0
139.0
73.0
139.0
140.0
153.0
' 375. 5 r' 417.0
386. 5
r
398. 1
r
398
3
269. 7 r 269. 6
377.0
371.0
392.0
392 0
270.0
r
r
r
r
16.45
16. 62
16.62
16.62
16.78
16.95
16.95
16. 95
16.95
16.95
16.95
16.95
274.1
146.7
294.0
287.7
108.8
338.7
162. 6
334. 5
330.6
113.0
336.6
166.0
337. 1
329.8
119.4
371.2
182.4
358.6
359.9
122.0
374.1
203.9
348. 3
347.9
119. 8
351.9
187.2
363.5
369.6
115.0
308.1
157.9
339.1
345.9
119.3
292.7
161.7
284.6
282.2
119.4
310 4
143.8
329 1
325. 9
120.2
r
307 0
r
148. 7
r
308 5
r
307.
7
r
126. 3
'335
4
r
144. 3
r
338
6
r
337. 2
r
126. 7
284 0
136.0
305 0
307.0
141.0
538.5
551.8
153. 6
527.4
493.8
187.3
533.6
494.8
226.0
575.0
517.9
283.2
547. 1
589.0
241.3
563.1
569. 5
234. 9
566. 3
593. 2
208.0
555. 9
561.5
202.4
570.2
551.8
220.8
570.6
589.9
201 4
591.4
588.2
204 6
604 2
644.8
163 9
533 9
558.1
139 8
545 4
509.2
176 0
167.2
167.3
18.1
179.4
167.0
30.5
157.1
155.6
32.0
172.3
166.0
38.4
168. 7
173.5
33.6
173. 3
171. 5
35.4
171.2
174.3
32.3
157.2
155.9
33.6
179.9
171 5
42 0
161.6
167 9
35 7
184 5
183 3
36 9
174 3
177 0
34 2
158 8
167 4
25 5
184 3
166 5
43 3
Consumption by publishers^
_ __ - d o
Stocks at 1 and in transit to publishers, end of
month c?
thous. of short tons
459.1
431.6
416.4
469.9
476.9
510. 4
461.9
419.7
420 4
454 4
516 7
496 7
457 3
422 4
658.8
651.8
670.1
646. 1
651.1
593.2
605.3
623.7
646.0
654.4
615 1
626 0
628 1
632 7
Imports
- do
Price, rolls, contract, delivered to principal ports
dol. per short ton
513.4
370.9
427.6
456.7
432.2
480.6
476.1
411 1
486.3
429.2
474 8
504 0
134. 40
134. 40
134. 40
134.40
134.40
134. 40
134. 40
134.40
134 40
134 40
134 40
134 40
1, 269. 1 1, 266. 3
424.8
462.2
1, 288. 6 1, 234. 1
80
92
1, 324. 1
441.1
1, 339. 2
95
1, 368. 2 1, 351. 5 1, 191. 1
480. 5
457.8
450. 2
1, 355. 8 1, 366. 6 1, 159. 6
92
93
77
1,402 5
418 4
1 426 0
93
1 306.8
429 1
1, 314. 2
87
1 384 9
418 2
1 392 5
93
9 864
9 651
9 448
129.2
133 7
132 3
1 187
2 976
2 211
936
768
168
37, 258
82, 385
39, 597
36, 770
82, 227
31, 853
Paperboard (National Paper board Association):?
Orders, new. _
__thous. of short tons _
Orders unfilled, end of month
do
Production, total
-do _
Percent of activity
Paper products:
Shipping containers, corrugated and solid fiber,
shipments?
__mil. sq. ft. surface areaFolding paper boxes, shipments, index of physical
volume
1947-49=100-
1, 436. 1 1, 330. 1
467.1
321.3
1, 434. 4 1, 341. 2
93
92
8,635
8,455
8,604
9,544
8,946
9,041
9,195
8,239
130.2
113.7
121.8
136.4
120.0
125.8
130.2
105. 1
1,185
955
230
3560
3471
389
2 1,354
2 1,116
2
238
984
805
179
1,264
989
275
2 1, 797
2 1, 481
2316
1,241
1,006
235
1,385
992
393
p 16. 95
"134 40
1, 267. 7 1 177 7
409 4
371 7
1 302 5 1 206 8
86
76
1 212 4
380 3
1 201 0
87
8,737
8 135
8 254
118 2
p 123 1
1 705
2 1 385
2 320
1,181
955
226
1 418
1 125
293
37,033
76, 116
26, 908
35, 965
71, 608
30, 412
31, 891
77, 525
r
PRINTING
Book publication, total
New books
New editions
_
number of editions. _
do_ __
do
2
2
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
__long tons
42, 950
Stocks, end of month
do _. 79, 405
Imports, including latex and guayule
do
47, 443
Price, wholesale, smoked sheets (New York)
.404
dol. per l b _ _
Synthetic rubber :
Production
long tons.- 125,779
Consumption
do _
89, 188
Stocks, end of month
do
210, 996
32, 590
Exports _ __
do
Reclaimed rubber :
Production... __
Consumption.
Stocks, end of month
__do_ ._
do ._
do
46, 354
76, 156
34, 795
47,205
81, 599
38, 581
46,022
75, 320
40, 949
42, 032
83, 451
36, 343
41, 263
82, 693
32,018
42, 576
76, 605
31, 639
35, 229
76, 389
28, 555
.415
.403
.405
.404
.460
.418
.368
.350
.343
.311
.289
130, 742
95, 133
221, 622
29, 283
126, 334
93,203
221, 183
29, 814
131, 933
97, 727
223, 738
34, 488
120, 895
90, 252
221,511
37, 018
126, 804
91, 993
227, 332
31,114
122, 547
95, 849
226, 032
29, 508
116,584
79, 413
235, 693
28, 780
121, 635
88, 578
242, 740
30, 544
112, 853
87, 330
242, 959
24, 285
110, 991
88, 784
238, 591
23, 166
110, 465
86, 179
240, 038
23, 381
104, 659
80, 076
242, 416
26, 442
26,540
29, 031
26, 965
25, 944
28,653
29, 100
26, 625
29, 719
26, 209
24, 210
30, 916
25, 676
23, 763
32,611
25, 429
24, 677
31, 699
21, 472
19, 249
33, 624
23, 540
21, 452
33, 979
22, 251
22, 101
33, 949
23, 546
23, 269
33, 519
22, 013
21,014
33, 783
20, 010
19, 921
33, 048
4
23, 783
23, 218
29, 628
. 455
.285
TIRES AND TUBES
Pneumatic casings:
Production _
Shipments, total
Original equipment
Replacement equipment- _
Export
Stocks, end of month
Exports (Bur. of Census)
Inner tubes:
Production
Shipments
_ - _ _ _ _ . _ _ _
Stocks, end of month
Exports (Bur. of Census)
9,645
4
10, 325
4
10, 772
_ do
do
do
do .
7,942
3,197
4,565
180
4
11, 322
4,333
6,833
156
4
10, 179
3,996
6,047
136
do
do.
26, 933
108
4
25, 943
145
4
26, 473
125
do ..
do
do
do
3,612
3,135
10, 536
83
thousands
3,899
5,391
8,924
85
4,043
4,011
9,002
78
4
4
11, 115
4
10, 517
4
10, 779
4
4
9, 737
3, 753
5,827
157
4
11. 114
3,584
7,348
182
4
11,188
3,724
7,306
157
4
27, 921
125
4
27, 401
159
4
26, 967
143
4
4,241
3,282
10, 113
112
3,628
3,306
10, 495
146
3, 611
3, 330
10, 852
135
9, 788
4
11, 507
3,449
7,884
174
4
10, 113
2,735
7,228
150
4
26, 359
146
4
26, 108
119
10, 863
3,426
3,547
10, 700
113
3,261
3,440
10, 627
102
4
9, 147
4
8, 941
1,578
7,213
151
4
26, 298
104
3,017
3,308
10, 254
107
4
4
9, 530
4
9, 044
4
8, 804
9, 630
2, 950
6, 560
120
4
10, 014
3,589
6,304
121
4
8, 303
3. 425
4,772
105
4
7, 663
3,087
4,464
112
25, 893
110
4
25, 499
73
9, 184
3,024
2,894
10, 446
84
3,067
3,000
10, 589
137
4
26, 290
76
2.921
2, 657
10, 859
71
4
27, 540
2,913
2,818
11,034
2
' Revised.
* Preliminary.
1 November data exclude estimates for tissue and miscellaneous papers.
Data for months noted cover 5 weeks; other months, 4 weeks
3 Beginning
January 1960, data are based on a new definition of a book and are not entirely comparable with those for earlier periods.
* Motorcycle tires are included beginning January 1960
-,« ^ Data exclude estimates for "tissue paper."
cf As reported by publishers accounting for about 75 percent of total newsprint consumption in 1959.
1 Minor revisions for January
1957-M arch 1959 will be shown later.
*
SUEVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
February 1961
1960
1959
December
January
February
March
April
May
June
1961
July
DecemAugust SeptemOctober November
ber
ber
January
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Production, finished cement -.
Percent of capacity
Shipments finished cement
Stocks, end of month:
Finished
Clinker
thous. of bbl__
24, 111
18, 669
16, 080
18, 422
27, 015
' 31, 999
31,930
31, 982
33,270
' 31, 181 ' 31, 488 ' 26, 469 20, 505
thous. ofbbl.
20, 577
12,909
14, 698
17,812
27, 638
30,468
34, 363
32,964
36, 623
' 33, 862 T 33, 194
--
31, 328
16, 506
37, 284
21, 939
38, 553
27, 382
39, 165
33, 474
38, 721
33, 545
40,101
33, 049
37, 667
30,488
36, 611
27, 532
33, 244
23,444
' 30, 563 ' 28, 799 * 30, 095
35T 484
' 20, 232 ' 17, 318 ' 16, 838 20, 888
464.1
33.8
131.3
351.3
33.9
107.0
370.5
33.6
106.0
391. 4
35.5
116.0
644.2
49.5
175.4
672.8
50.1
177.0
685.6
47.5
190.8
624.7
45.1
179.8
665.1
45.0
199.0
610.2
40.1
187.1
595.9
41.3
169.2
536.7
41. 1
143.2
333.0
32.0
108.3
30.3
26.1
26.6
27.2
31.6
36.6
37.9
35.9
39.6
37.4
38.0
37.3
32.0
20.4
18.7
18.4
20.3
19.2
20.4
22.1
19.4
21.0
19.9
18.9
17.7
16.6
139.9
140.6
140.6
140.6
140.6
141.2
141.3
14L3
141.6
141.7
141.7
141.7
141.7
do
do
69
53
49
53
80
88
91
88
92
89
87
r
75
25, 232
56
15,116
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) cf
thous of dol
Sheet (window) glass shipments
do
Glass containers: t
Production
thous. of gross
Shipments domestic, total
do
General -use food:
Narrow -neck food
do
Wide-mouth food (incl. packers' tumblers, jelly
glasses and fruit jars)
thous of gross
Beverage
Beer bottles
Liquor and wine
Medicinal and toilet
- Chemical household and Industrial
Dairy products
Stocks end of month
(jo
do .-do
do
do
- do
do
78,796
34,911
43, 885
75, 586
25, 857
49, 729
63, 493
22, 801
40, 692
67 055
26, 912
40 143
75 958
31,076
44 882
11, 310
12, 755
13, 131
13, 708
12, 693
13, 514
14, 806
14, 185
15, 671
12, 899
13, 968
11,415
11,195
10, 403
10, 989
11,216
12, 887
12, 601
13, 959
14, 164
12, 626
16, 126
14, 014
12, 839
11, 540
11,272
910
1,108
1,190
1,406
1,306
1,343
1,337
1,322
2,225
2,729
1,444
1,026
981
3,144
3,382
3,329
3,620
3,268
3,591
3,891
3,610
4,638
4,313
3,953
3, 457
3,211
983
808
936
632
838
965
580
838
957
1,285
1,443
1,292
2,771
1,101
1,517
2,054
1,218
2,905
1,199
1,172
1,800
135
132
1,641
1,968
1,295
2,779
1,122
20,986
20,358
2, 550
890
181
17,312
2,848
1,075
141
19, 123
1,114
2,972
1,070
1,161
1,337
3,137
1,137
123
132
20,423
20,963
131
20, 681
993
2,594
1,005
130
22, 061
848
2,299
1,267
3,406
1,242
201
21, 500
610
960
724
965
1,012
1,362
2,815
147
991
153
1,273
1,123
2,631
20, 890
20, 622
20, 402
570
861
1,305
2,794
1,093
1,574
3, 156
1,134
19, 907
210
910
178
GYPSUM AND PRODUCTS}
Crude gypsum, quarterly total:
Imports
Production
thous of short tons
do
Gypsum products sold or used, quarterly total:
TJncalclned uses
thous of short tons
Industrial uses
do
Building uses:
Plasters:
Base-coat
do
All other (Incl ICeene's cement)
do
Lath
Wallboard
All other§
mil of sq ft
do
do
1,620
2,649
1,158
2, 145
1,147
2,626
1,683
2,658
2,166
2,057
2,374
2,281
82
743
76
1,059
70
971
68
317
310
279
261
317
316
328
345
529.2
1, 442. 5
58.7
456.2
1,290.4
47.5
514.7
1, 530. 1
72 9
531.3
1, 561. 6
66 0
1,069
TEXTILE PRODUCTS
APPAREL
Hosiery, shipments
Men's apparel, cuttings:lA
Tailored garments:
Suits
Overcoats and topcoats
thous. of dozen pairs- -
thous. of units- .
do
11,894
11, 567
11,866
13,025
11,930
11, 891
13, 663
11,217
13,536
13, 364
13, 269
13, 979
11, 720
'12,010
1,828
224
1,836
256
12,085
1435
1,968
476
1,896
512
i 1, 885
1460
1,032
336
1,780
548
U,715
i 425
1,684
332
1,784
'224
1,650
170
888
8,024
904
8,592
1895
19,035
896
8,236
956
8,600
i 1, 055
5
8,935
576
6,812
944
8,520
1775
i 8, 105
872
6,200
920
5,780
830
5,875
1,980
2,160
1,424
1,972
1,880
••1345
C oats (separate) , dress and sport
_do - '11,075
Trousers (separate), dress and sport
do __ ' i 7, 545
Shirts (woven fabrics), dress and sport
thous. of doz.- '12,035
Work clothing:
'1240
Dungarees and waistband overalls
do _
••1335
Shirts
--_
do
1,964
i 2, 365
2,048
i 2, 270
2,072
i 2, 095
1,980
268
328
296
348
1280
1365
264
364
296
344
1265
1355
196
248
280
352
1280
1310
232
316
204
292
220
260
Women's, misses', juniors' outerwear, cuttmgs:A
' 1, 531 1,892
Coats
thous. of units
Dresses
_ do_ __ ' 18, 373 19, 185
1,280
'735
Suits
_- _ _
do
2,308
22, 033
1,301
2,078
26, 974
1,013
942
27, 625
593
841
26, 037
440
1,832
20,371
709
2,127
15, 861
800
2,693
21,600
870
2,087
17, 824
521
2,276
19, 614
610
2,150
20,022
627
1,315
15, 783
700
1,507
828
1,456
850
1,547
866
1,515
925
1,402
877
1,223
934
1,383
996
1,310
844
1,277
907
1,236
794
985
552
Waists, blouces and shirts
Skirts
r
thous. of doz
do
'1.011
'484
1,227
880
Revised.
i Data cover a 5-week period,
cf Revisions for 1957-2d quarter 1959 will be shown later.
^Revisions for January 1958-February 1959 for glass containers appear in the May 1960 SURVEY; those for gypsum and products follow (units above): 1st quarter 1959—crude production,
2,431; uncalcined uses, 798; all other building uses, 51.2; 2d quarter 1969—uncalcined uses, 1,078; 3d quarter 1959—imports, 1,892.
§Comprises sheathing, formboard, and laminated board.
IJData for December 1959 and March, June, September, and December 1960 cover 5-week periods and for other months, 4 weeks.
A Revisions for January 1957-November 1959 are available upon request.
SUEVEY OF CUKEENT BUSINESS
February 1961
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1959
S-39
1960
December
January
™$°-
March
April
May
June
1961
DecemOctober NovemAugust September
ber
ber
July
January
TEXTILE PRODUCTS—Continued
COTTON
Cotton (exclusive of linters) :
Production:
Ginnings§
thous. of running bales. _ 1 14, 094
Crop estimate, equivalent 500-lb. bales
thous. of bales. _
4
800
Consumption^
do
Stocks in the United" States , end of month,
totall*
do... ^1 7, 559
' 17, 491
Domestic cotton, total
do
' 2, 296
On farms and in transit
do
13, 656
Public storage and compresses
—do
1,539
Consuming establishments
do
68
Foreign cotton total
do
r2
14,363
3
14, 515
3
708
710
140
12 594
1
13 340
2
14, 075
562
685
4 sol
667
644
726
9,828
9,785
304
7,678
1,803
42
8,483
8,446
201
6, 664
1,581
38
7,559
7 526
215
5, 916
1,395
34
21, 039
20 939
13,940
5,864
1,135
100
20, 127
20 031
11, 364
7,693
974
96
18 966
18 877
7 902
9,961
1,014
89
17, 626
17 541
4,182
12,116
1,243
85
15,991
15 915
2,470
11,970
1,475
76
14, 225
14 152
1,388
11, 107
1,657
73
669
3
'28.9
524
1
'29.3
501
2
'29.6
676
1
31.4
114
90
32.3
193
22
32.2
439
1
31.6
721
(6)
30. 1
982
1
28 7
27.6
32.1
32.2
32.2
32.0
30.8
30.5
30.2
30.2
'30.2
30.1
124
160
653
103
113
625
106
73
578
120
52
500
72
42
463
88
44
405
112
129
386
101
227
449
93
'221
530
*108
188
589
90
19,299
17, 602
19, 310
17, 599
19, 315
17, 589
19, 325
17, 604
19, 228
17, 529
19, 266
17, 561
19, 259
17, 652
19, 241
17, 618
19, 151
17, 5Q7
19, 085
17,471
19, 022
17, 450
12, 143
486
11, 126
9,844
492
8,989
9,827
491
8,964
11, 740
470
10, 737
7,933
397
7,211
9,418
471
8,605
11, 244
450
10, 328
9,204
460
8,464
8,923
446
8,178
10, 253
410
9, 426
8,760
438
8,051
.692
.946
.692
.946
.675
.946
.668
.943
.661
.938
.661
.941
.651
.936
.651
.936
.646
.926
.646
.926
47, 521
38, 472
38, 699
41, 454
2 479
42, 090
39, 948
35, 492
45, 824
36, 772
35, 877
2,422
33,620
50, 720
41,045
38, 348
24,085
37,632
2 192
28, 830
38, 823
36, 179
26, 610
34,502
25, 896
33.67
37.4
18.9
17.5
34.18
37.4
18.9
17.5
34.12
38.3
18.9
17.5
33.43
38.3
18.1
17.5
32.77
38.3
18.0
17.5
32.85
38.3
18.0
17.5
32.60
38.3
18.0
17.5
32.92
38.3
17.5
17.4
32.04
38.3
16.5
17.0
30. 51
38.3
15.8
16.5
29.78
38.3
15.3
16.6
731
15, 743
15, 680
'1,622
12, 301
1,757
63
14,068
14, 008
952
11, 140
1,916
60
12, 424
12 371
687
9,731
1,953
52
11,056
11 010
441
8,634
1,935
46
1 109
2
'29.9
839
6
'28.5
767
4
'28.4
31.9
32.0
32.0
115
190
609
108
173
633
19, 326
17, 709
19, 365
17,678
19, 358
17, 665
Spindle hours operated, all fibers, total
millions-. 4 11, 039
442
Average per working day
do
Consuming 100 percent cotton
do _. * 10, 157
Cotton yarn, natural stock, on cones or tubes:
Prices, wholesale, f.o.b. mill:
.685
20/2, carded, weaving
dol. per lb_.
.948
36/2 combed, knitting
do
9,995
500
9,144
9,985
499
9,131
.692
.948
2,448
44, 728
41, 325
33.20
37.4
18.3
17.5
728
Exports J
do
2
Imports
..
do
' 8 30. 3
Prices (farm), American upland
cents per Ib
Prices, wholesale, middling 1", average 14 markets
31.8
cents per lb_.
Cotton linters:
4
131
Consumption^
thous. of bales
197
Production!
do
585
Stocks endofmonthj
_ _
do
8 424
858
735
r
r
3,680
823
s 14, 309
637
14, 558
4
888
4
4
4
4
4
COTTON MANUFACTURES
Spindle activity (cotton system spindles) :1J
Active spindles, last working day, total
Consuming 100 percent cotton
thous. _
_do
Cotton cloth:
Cotton broadwoven goods over 12 inches in width,
production quarterly t
mil of linear yd
Exportst thous. of sq. yd
Imports J
_
_ _ _ _
do
Prices, wholesale:
Mill margins
cents per Ib
Denim, white back, 10 oz./sq. yd
cents per yd
Print cloth, 39-inch, 68 x 72
do
Sheeting, class B, 40-inch, 48 x 44-48
do
4
4
4
4
4
4
4
4
v . 642
*.92G
28.13
*38.3
pl5. 2
*16. 5
27 50
MANMADE FIBERS AND MANUFACTURES
Fiber production, quarterly total 9 1
mil. of lb__
Filament yarn (rayon and acetate)
do
Staple incl tow (rayon)
do
Noncellulosic (nylon, acrylic, protein, etc.)
do
462.8
181.3
79.7
158.6
Exports' Yarns and monofilaments
Staple, tow, and tops
Imports: Yarns and monofilaments t
Staple, tow, and topsj
6,661
5,383
571
9,700
4, 505
3,846
244
7,717
4,864
3,141
337
5,832
5,184
2,989
604
9,068
7,468
4,349
599
5,780
6,432
3,341
353
5,867
7,013
3,716
492
4,362
8,513
4,391
314
3,532
9,091
3,042
477
4,161
6,412
3, 591
314
3,583
6,994
3,710
345
4,171
6,539
3,557
290
3,335
mil. of lb_.
do
56.3
55.0
56.9
52.1
58.2
51.4
61.7
53 3
63.7
55.1
64.4
55.9
58.5
59.7
62.8
65.2
65.3
61.0
68.3
59. 1
68.3
55 1
'68.0
51 1
65.2
53 9
dol. per lb__
do
.82
.33
.82
.33
.82
.33
.82
.33
.82
.30
.82
.29
.82
.28
.82
.28
.82
.28
.82
.28
.82
28
.82
28
*. 82
v 28
thous. of Ib
do
do
do_ _
Stocks, producers', end of month:
Filament yarn (rayon and acetate)
Staple incl tow (rayon)
Prices, rayon (viscose) :
Yarn, filament, 150 denier
Staple, 1 5 denier _ -
_
Manmade-fiber broadwoven fabrics:
622, 539
Production, quarterly total 9 J thous. of linear yd
Rayon and acetate (excl. tire fabric)
do_ __ 393, 864
81, 461
Nylon and chiefly nylon mixtures
do
Imports, rawj
Price, raw, AA, 20-22 denier
Production, fabric, qtrly. totalj
629, 397
386. 652
86, 755
' 447. 2
157.4
76 5
' 168. 5
608, 629
367, 260
90,395
419.9
146.1
77 9
158.2
562, 260
334, 835
81,096
thous. of sq. yd__
14, 835
13, 719
13,642
13, 283
13, 975
12, 604
12, 592
11,151
11, 301
11,409
14,682
13,628
thous. of lb._
_._dol. per lb__
thous. of linear yd
814
4.51
9,009
624
4.56
438
4.43
526
4.27
7,775
560
4.34
415
4.37
608
4.52
6,819
594
4.59
938
4.79
661
4.92
6,739
544
4.86
544
4.75
20,486
15,808
20,552
16, 457
20,390
15, 043
20, 017
13,647
21, 153
11, 702
26, 264
11, 477
18, 639
9,008
20,395
14, 095
22, 287
15, 147
17,605
12, 118
15, 882
11,633
20, 565
10, 466
21, 465
9,758
19, 453
8,557
15, 868
6,057
Exports, piece goods
SILK
' 481. 1
172.2
79.7
r
181. 4
' 476. 2
178.8
79.9
' 169. 0
»4.78
WOOL
Wool consumption, mill (clean basis) :JJ
Apparel class
thous. of lb__
Carpet class
.
...
do
Wool imports , clean content}:
Apparel class, clean content!
do
do
4
4
4
23,
4
164
16, 205
28,013
11,151
4
4
4
4
4
4
17, 424
13 874
17,632
17, 921
15,182
6,715
7,239
6,225
Revised.
*> Preliminary.
1 Qinnings to December 13.
« Ginnings to January 15.
Total ginnings of 1959 crop.
Data cover a 5-week period.
« December 1 estimate of
1960 crop.
• Less than 500 bales.
' Data are for month shown.
s Revisions for August-November 1959 (cents): 33.7; 33.0; 32.6; 31.5.
§Total ginnings to end of month indicated, except as noted.
^Data for December 1959 and March, June, September, and December 1960 cover 5-week periods and for other months, 4 weeks; cotton stocks and number of active spindles are for end of
period covered.
9 Includes data not shown separately.
IScattered revisions for 1957-58 are available upon request.
_
r
22, 392
9,835
3
24, 134
9,885
18, 954
7,597
4
19, 205
7,800
SUEVEY OF CUEKENT BUSINESS
S-40
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1959
February 1961
1960
Decem-
January
ber
February
March
April
May
1961
DecemAugust SeptemOctober November
ber
ber
July
June
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 topmaking, 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 totalj
thous of lin yd
Apparel fabrics, total
do
Other than Government orders, total
do
Men's and boys'
do
Women's and children's
do
Prices, wholesale, suiting, f.o.b. mill:
Flannel men's and boy's
1947-49=100-Gabardine women's and children's
do
1.275
1. 125
1.162
1.275
1. 125
1. 175
1. 230
1.080
1.175
1.225
1.075
1.175
1.182
1. 095
1. 212
1.160
1.090
1.225
1.155
1.088
1.225
1.125
1.070
1.225
1. 125
1.065
1.175
1.125
1.065
1.175
1.125
1.036
1.075
1.125
1 025
1.075
1. 125
1 025
1.075
103.5
104.7
104.7
103.5
102.2
102.2
102.2
102. 2
101. 0
98.5
98.5
97.2
97.2
106.3
92.4
106.3
92.4
106.3
90.8
74, 01 1
72, 624
71. 820
32, 336
39, 484
70 933
69, 254
69, 145
29, 216
39, 929
108.1
92.4
108. 1
92.4
108.1
92.4
108.1
92.4
80, 719
79, 303
78, 453
32, 288
46, 165
108.1
92.4
108. 1
92. 4
108. 1
92.4
1.125
1 025
1.075
68 212
66,679
66, 194
24, 453
41, 741
106.3
92.4
106.3
92 4
106.3
92.4
TRANSPORTATION EQUIPMENT
AIRCRAFT
Manufacturers of complete types:
Aircraft, engines, propellers, parts, etc.:
Orders new (net) quarterly total
mil. of dol
3,110
3,028
12,120
Backlog of orders total end of quarter
do
5,452
For U S military customers
do
Civilian aircraft:
111, 545
Shipments
thous. of dol
Airframe weight
thous. of lb__ 2, 605. 1
32, 651
Exports (commercial and civilian)
thous of dol
2,865
2, 732
12,220
5 783
2.607
2 836
11, 991
5 229
3,065
2,593
12, 463
5 714
96, 320
2, 262. 4
21, 928
112, 721
2, 647. 6
11,926
90,299
2, 187. 5
48, 078
127, 183 131, 262
2, 662. 6 3, 159. 7
79, 413
54,811
109, 704
2, 429. 1
37, 985
119, 965
2, 495. 8
72, 573
97,534
2, 031. 7
46,641
108, 410
2, 232. 4
59, 244
81, 002
1,910.1
30, 589
88, 068
2, 026. 7
37, 580
82, 199
2, 096. 9
548, 320
286
187
475, 382
462, 831
72, 652
62, 313
792, 351
371
338
676, 712
661, 103
115,268
96,178
781, 030
241
241
656, 579
640, 924
124, 210
102, 305
789, 511
340
303
659, 730
644, 780
129, 441
105, 438
703, 002
366
362
588,046
576, 817
114, 590
92, 557
725, 665
451
432
607, 191
596, 861
118, 023
91, 268
717, 366
364
359
605, 582
596, 296
111, 420
89, 022
501, 223
424
414
421 , 355
414, 787
79,444
64, 053
390, 326
358
347
324, 020
320, 681
65,948
53, 331
463, 943
211
148
386. 694
378, 415
77. 038
66, 006
703, 159
447
396
627. 678
610, 828
75, 034
60,589
687, 790
338
307
600, 495
580, 677
86. 957
73, 923
613, 905 pi498,000
251
p i 300
231
520, 714 p] 414,800
.507, 757
92, 940 p> 82,900
79, 802
18,005
8.190
9,815
74, 453
71.838
24, 749
12,311
12, 438
£1, 200
50, 354
29, 652
13, 422
16,230
68, 469
66, 242
31,771
13,050
18, 721
69,856
67, 461
29, 468
11, 626
17, 842
58,241
56, 659
31, 107
9,526
21, 581
51, 208
48, 153
29, 216
7,418
21, 798
38, 077
35, 355
26, 081
6,460
19,621
34, 265
30, 988
31, 485
4,386
27, 099
22, 187
20, 737
14, 411
5,105
9,306
24, 717
22, 916
26, 643
14, 182
12, 461
26, 688
24, 811
26, 461
15, 965
10. 496
21,215
19, 985
6,088
4,044
595
6,145
3,903
590
6,534
4,023
497
7,020
3,990
688
5,890
3,389
998
5,427
3,241
628
5,284
3,096
719
3,946
2, 391
491
4,129
2,511
665
3,616
2,194
365
3,775
2,162
2182
3,588
2,154
298
3,128
1,878
386
429, 500 3 430,116
61,985 3 58, 234
494, 178
69, 588
596, 669
89,627
647, 287
95, 009
647, 055
93, 460
595, 864
85,535
546. 535
79, 674
525, 400
81, 440
458, 765
76, 072
547, 461
74,158
543, 042
67, 477
544, 278
73, 250
5,052
3, 525
3, 525
1, 527
3,480
1,667
1, 667
1,813
46, 522
22. 91 5
22, 716
23,607
5,950
4,408
4, 408
1,542
••2,011
- 1, 891
• 1, 887
120
42, 334
20, 149
19, 946
22, 185
MOTOR VEHICLES
Factory sales, total
Coaches total
Domestic
Passenger cars total
Domestic
Trucks, total
Domestic
-
__number_
do
_-do_ _
do
- - - - do _
do _
do
Exports totalj
_ _ _ _
Passenger cars (new and used)
Trucks a n d buses
_
_ _ _ _ _
Imports (cars trucks buses), total eft
Passenger cars (new and used) of
Production, truck trailers: A
Complete trailers total
_ _
Vans
Chacsi'3 van bodies for sale separately
Registrations:©
New passenger cars
New commercial carst
do _
do
do
do
do
do
do
do
do
do
RAILROAD EQUIPMENT
American Railway Car Institute:
Freight cars:
Shipments, total..
number. .
Equipment manufacturers, total
__do
Domestic
do
Railroad and private-line shops, domestic. .do
New orders, total J
.
do
Equipment manufacturers, total
__do__.
Domestic
_ _
_ _ _ _
do
Railroad and private-line shops, domestic. _ do
Unfilled orders, end of month, total
do ...
Equipment manufacturers, total
do
Domestic
do._
Railroad and private-line shops, domestic.- do
Passenger cars (equipment manufacturers) :
Shipments, total
do
Domestic
do
Unfilled orders, end of month, total
_ do
Domestic
do
Association of American Railroads:
Freight cars (class I) :§
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 units
Serviceable end of month
do
Installed in service (new) quarterly total do
Unfilled orders end of month
do
Exports of locomotives, total (railroad-service and industrial types)
number
3,127
1,681
1,586
1,446
'r 10, 804
5,814
••5,615
4, 990
44, 089
22, 547
22, 328
21, 542
2,869
1, 633
1, 613
1, 236
' 5, 761
' 3, 952
' 3, 940
1,809
48, 369
24, 848
24, 649
23, 521
5,569
4,200
4,200
1, 369
' 5, 352
' 4, 357
' 4, 357
995
41, 206
20, 485
20, 282
20, 721
^ 5, 945
'T 3, 564
3, 564
2,381
' 2, 297
'r 1, 738
I, 726
559
36, 321
18, 607
18, 392
17, 714
' 6, 218
' 3, 873
' 3, 873
2,345
r
316
'249
'249
67
29, 770
14, 349
14, 134
15, 421
' 4, 149 ' 4, 315
' 2, 737 ' 2, 506
' 2, 650 ' 2, 450
1,412
1,809
r 1, 331
1,334
'672
709
'672
708
659
625
26, 798
23, 951
12, 440
10, 773
12, 300
10, 688
14, 358
13, 178
' 4, 355 4,657
' 2, 984
3,185
' 2, 929 3,160
1,371
1,472
' 2, 206 ' 5, 864
' 2, 200
'906
' 2, 200
'906
6
4,958
21, 692
22,905
9,874
7, 616
9,844
7,611
11,818
15, 289
' 3, 944
2, 210
' 2, 205
1,734
' 3, 740
' 2, 692
' 2, 692
1,048
22, 781
8,178
8,178
14, 603
r
4,291
2,661
2,642
1,630
2,724
1,484
1, 465
1, 240
21, 070
6,857
6,857
14, 213
3,515
2,261
2,261
1,254
1, 339
427
427
912
18, 894
5,023
5,023
13, 871
14
14
162
162
28
28
149
149
9
9
282
282
18
18
282
282
12
12
315
315
21
21
294
294
24
24
270
270
13
13
282
282
7
7
315
315
27
27
288
288
32
32
256
256
33
33
223
223
21
21
202
202
26
26
176
176
1,678
7.2
1,676
7.3
1,675
7.5
1,676
7.6
1,674
7.7
1,673
8.1
1,674
8.2
1,672
8 6
1,672
88
1,668
8.9
1,666
8 9
1,664
9 2
1,662
9 4
28,815
27, 439
134
314
52
28, 803
27, 255
97
329
67
43
48
28, 939
27, 460
148
190
68
53
68
28, 972
27 383
89
119
38
23
23
28,911
27 095
32
122
55
72
' Revised.
» Preliminary.
1 Preliminary estimate of production.
2 Excludes data for van bodies.
3 Figures for one State are incomplete.
cfData cover complete units, chassis, and bodies.
A Revisions for 1957 (except for detachable van bodies) are available upon request.
©New registrations in Alaska and in Hawaii are included effective with data for January 1959 and January 1960, respectively.
tScattered revisions for woolen and worsted goods production (1958), motor vehicle exports and imports (1958), truck registrations (1958-May 1959), and for freight car new orders (1955-59)
are available upon request.
§ Excludes railroad-owned private refrigerator cars.
INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40
SECTIONS
General:
Business indicators
Commodity prices
Construction and real estate
Domestic trade..
-.
...... 1-5
6,7
_ . „ - - 7,8
9-11
Employment and population
Finance
.International transactions of the U.S
Transportation and communications.—--.-
11-15
16-20
21,22
23,24
Industry;
Chemicals and allied products___ —..
Electric power and gas__
Food and kindred products; tobacco
Leather and products
..-Lumber and manufactures
Metals and manufactures
Petroleum, coal, and products
.
Pulp, paper, and printing
Rubber and rubber products
Stone, clay, and glass products
Textile products
Transportation equipment
24,25
25,26
26-30
30,31
^ 31
32-34
35,36
36,37
37
38
38-40
-.
40
INDIVIDUAL SERIES
Advertising
,
_
9
Agricultural loans and foreign trade..
16,21,22
Aircraft and parts
--- 3,12,13,14,40
Airline operations
23
Alcohol, denatured and ethyl
24
Alcoholic beverages
7, 9, 26
Aluminum
33
Apparel
2,3,6,7,9,10,12,13,14,15,38
Asphalt and tar products
35,36
Automobiles
3,9,12,13,14,15,17,22,40
Bakery products
12,13,14
Balance of payments
21
Banking
14,16
Barley
2?
Barrels and drums
-— 32
Battery shipments
.
34
Beef and vea!
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
Corn
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
.
1.6
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
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
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
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__.
«
.— 3,6, 25, 28
. _ _ . 9,35,36
38
34
. 24
78,21
6,22,23,27,28
10
1
1
.
7,38
Hardware stores
,_
,
9,10
Keating 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
Housefurn! shin gs
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:
2,3
By industry
.
.
2,3
By market grouping.
: _.
Installment credit
_
17
Installment sales, department stores
11
Instruments and related products
3,12, 13,14
Insulating materials___„
34
Insurance, life
17,18
Interest and money rates
16
Inventories, manufacturers' and trade
4, 10,11
Iron and steel, crude and manufactures
3,
4,5,7,8,12,14,19,22 32,33
Labor disputes, turnover15
Labor force
11
Lamb and mutton
28
28
Lard
33
Lead.
LeatheVand products. _. „ _ 3,7,12,13,14,15,30,31
Linseed oil_
30
Livestock
_..
2,6,23,28
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit)
8,16,17,19
Locomotives
40
Lubricants
35,36
Lumber and products—
3,
4,5,7,8,9,10,12,13,14,18,31
Machine tools
34
Machinery..
3,4,5,7,12,13,14,19,22,34
Mail-order sales, catalog...
_
10
Manmade fibers and manufactures
.
7,39
Manufacturers' sales, inventories, orders
4,5
Manufacturing employment, production workers, payrolls, hours, earnings
11,12,13,14,15
Manufacturing production indexes
2,3
Margarine
29
Meats and meat packing
2,6,12,13,14,28
Medical and personal care
6
Metals
... 3,4, 5, 7,11,12,13,14.15,19,32,33
Milk...
..!__.__
27
Mining and minerals
2,3,11,12,13,14,15,19, 20
Monetary statistics
•_
...
18
Money supply.
—
18
Mortgage loans
8,16,18
Motor carriers
23
Motor vehicles... 3,4,5, 7,9,10,12,13,14,15,19,40
Motors
_
_
34
Oats
_.__
27
Oil burners
34
Oils and fats, greases
6, 29,30
Orders, new and unfilled, manufacturers'
5
Ordnance.
_. 12,13,14
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
R&yorj 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
_ _
35
Rubber and products.. 3,4,5,7,12,13,14,15,22,37
Rye
_
27
Saving, personal
,
_
1
Savings deposits
16
Securities issued
.
„
19
Services
„
1,9,12. 13,14
Sheep and lambs
28
Ship arid 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 imports29
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 PRIVATE U 3 £ TO A V O J D
PAYMENT OF POSTAGE. $30O
(GF03
OFFICIAL BUSINESS
First-Class Mall
MAJOR BUSINESS INDICATORS: ANNUAL SUMMARY, 1955-60
Item
National Income and Product
National income (bil o f d o l ) 2
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.
dross natl prod , total (bil. of 1954 dol )
Personal Income
Total (bil. of dol.)_,Wage and salary disbursements, total.
Commodity-producing industries
Distributive industries....
Service industries
Government
Other labor Income
Proprietors' income
Rental income of persons
.
Dividends
Loss personal contribuf ions social insur.
Total nonagricultural income (bil. of dol.).
New Plant and Equipment Expenditures
Ma nufacturing
Durable goods industries
Nondurable goods industries _ __
Railroads ~
- -Transportation, other than rail
,_
Public utilities.
Commercial and other
•__
Manufacturing and Trade Sales,
Inventories, and Orders
S"les total (bil o f d o l )
Manufacturing, totalDurable goods industries
Nondurable goods industries
Wholesale trade, total
Nondurable goods establishments. ._
Retail trade tot^l
Durable goods stores
Nondurable goods stores
Inventories, book value, end of year, unadjusted, total (bil. of dol.)
_____
Manufacturing, total
_ _ _
Durable goods industries
Nondurable goods industries _
Wholesale trade, total
___
Durable goods establishments
Nondurable goods establishments.. _
Retail trade, total
__
Durable goods stores.
_
_
Nondurable goods stores
Manufacturers' orders (bil. of dol.):
New (net) total
Durable goods industries
Nondurable goods industries
Durable goods industries
Prices
Prices received by farmers (1910-14= 100) _
Prices paid by farmers (incl. interest,
taxes, and wage rates) ( 1910-14 =100">
1955
1956
1957
1958
1959
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
368 9
442.8
285. 2
66,1
4.9
86. 5
408. 6
367.7
444. 2
293. 5
56.0
1.2
93.5
401. 0
399.6
482. 1
313. 8
72.0
-1.0
97.1
428.0
310. 2
210. 9
91.4
55.8
27.8
36.0
71
42. 1
10.7
11.2
15 8
17 5
5.2
295.0
332. 9
227. 6
98.7
60.3
30.5
38.0
81
43.7
10.9
12 1
17 5
18 8
5.8
317.9
351. 4
238. 5
102. 2
63.4
32.8
40.2
91
44 5
11.9
12 6
360.3
239. 7
97. 9
63.8
34.7
43.2
9 4
46.4
12.2
12.4
383. 3
258. 2
107. 2
68.2
37.5
45.3
10 1
46. 5
12.4
13 4
1Q A
90 8
19601
Item
11.44
5.44
6.00
96
^92
1.60
4.31
9.47
14 95
7.62
7.33
1 °t
1.23
1.71
4.90
11.05
15 96
8.02
7.94
1 24
1.40
1.77
6.20
10.40
11 43
5.47
5.96
94
.75
1.50
6.09
9.81
12 07
5.77
6.29
99
.92
2.02
5.67
10.88
6^7 3
316. 1
156.9
159.1
127.4
657 6
332.5
165. 7
166.9
135. 3
675 8
340. 6
169.9
170. 7
135.2
648 3
314.8
148. 6
186.2
133.1
719 7
356. 8
174.1
182.8
147. 5
Prices—con tinned
Consumer prices (1947-49=100)
503,2 Wholesale prices (1947-49=100):
All commodities, combined index
327.8
72.8
Production
3.0
Farm marketings, phvsical volume, total
99.7
(1947-49=100) . _ _ _ _ _ _ _
Crops
439.2
Livestock and products
404. 2 Industrial prod., total (1957=100)
__
272. 5 i Manufactures
Durable manufactures
111. 4
Nondurable
manufactures._.
71.9
41.0 ! Utilities
___ _ . .
48.2 Selected commodities, production:
11 0
Coal, bituminous (mil. of short tons).
47.8
Crude petroleum (mil of bbl )
12.5
Electric power, industrial and utilitv
(bil of kw-hr )
14 0
Lumber (bil. of board feet)......
9fi R
Steel
(mil. of short tons)
29 0 1 Passenger
cars, factory sales (thous.)._
9.3
Construction
388.1 I
New construction, total (bil. of dol.), ...
Private, total......
Residential (nonfarm) .
14.45
Nonresid except farm and pub util
Public, total
7,20
7.25
Nonresidential building
Highway
_"__.
1 01
1.02
Civilian Labor Force
1.94
5.74 Total, persons 14 years of age and over,
monthlv average (mil )
11.59
Emploved, total.
Unemployed
Percent of civilian labor force.
732 6
Employment, Payrolls, Hours
365.1
T
n t
•
176.3 r<
188. 8
147. 9
Manufacturing
79.2
183 9
67.0
116.9
82.5
189 7
65.8
123.9
84.8
200 0
68. 5
131. 5
85.8
2oo 4
63.4
136. 9
92.1
215 4
71.7
143.8
94.6
219 6
71.0
148. 6
80.3
46.6
26.6
20.0
11.3
5.6
5.7
22.4
10.4
12.0
87.8
52.5
30.6
21.9
12.9
6. 3
6,6
22.4
9.9
12.5
89.6
53.7
31. 1
22.6
12.5
6.4
6.1
23.4
10.9
12.6
84.3
49.5
27.9
21.6
11.6
6.0
5.7
23.2
10.6
12.6
88.8
52.9
30.3
22.6
12.6
6.4
6.2
23.4
10.7
12.7
91.6
54.1
31.0
23.2
13.1
6.5
6.6
24.4
11.4
13.0
396 0
166.2
159.8
339 9
173.3
166.6
397 i
157. 0
170. 1
310 8
144. 5
166. 4
361 5
178.2
183.3
359 3
171.3
188.0
53.4
35
61.0
32
48.1
2 g
44.0
28
48.1
34
43.1
2 5
232
230
235
250
240
238
276
278
286
293
297
299
21 9
6.7
336.1
°6 4
6.8
342.6
90
K
97 o
7.8
367.6
Wholesale and retail trade.
All other—_
_____ -
Pavroll index (1947—4Q — 100)
Average weekly hours per worker
Finance
Consumer credit (short- and intermediate-term), outstanding, end of year:
Total (bil of dol )
Installment (bil of dol )
Federal finance (bil. of dol.) :
Gross debt (direct), Dec 31
Receipts net
Income taxes
Expenditures, total
Major national security _ _
_
JVIonev supply Dec 31 (bil of dol ) *
Currency in circulation
Deposits (adjusted) andcurrency , total
Demand deposits, adjusted
,___
Time deposits
____, _
_
Foreign Trade
Exports, Incl. reexports (bil. of dol.)——
General imports (bil. ofdol.)
1955
1956
1957
1958
1959 i 1960 i
114 5
116 2
120 2
123 5
124 6
126 5
110.7
114.3
117.6
119 2
119 5
119 6
116
109
121
96
97
98
95
121
111
128
99
100
100
99
116
102
126
100
100
100
100
124
121
127
93
92
87
100
128
122
133
105
105
102
110
132
127
135
103
10 3
104
1H
85
94
100
105
115
465
2 484
501
2 617
493
2 617
410
2 449
412
2 575
413
2 575
629 0
37.9
117
7,920
684 8
38.6
115
5,816
716 4
32.9
113
6,113
724 8
33". 4
85
4,258
795 3
37,1
93
5,591
840 5
34. *
44.2
32.4
18.7
76
11.7
4 2
3.9
45.8
33.1
17.7
88
12.7
4 1
4.4
47.8
33.8
17.0
96
14.0
4 5
4.9
48.9
33.5
18.0
8 7
15 4
4 7
5.5
356.2
3 39. 9
24.5
89
3 16. 3
4 5
5.9
55.2
38.9
22.0
10 0
16. !2
4 ^
5,3
65 8
62.9
29
4.4
67 5
64.7
28
4.2
67 9
65.0
29
4.3
68 6
64.0
4 7
6.8
69 4
65.6
38
5. 5
70 0
66 7
39
5.6
50 1
16.6
10.8
22.6
51 8
16.9
11.2
23,6
52 2
16.8
11.3
24.1
50 5
15.5
11.1
23.9
52 0
16.2
11.4
24.4
59
15** 9
40.7
161 4
40.4
162 7
39.8
148 7
39.2
167 2
40.3
170 °
39,7
38.9
29 0
42.5
31 9
45.3
34 2
45.5
34 1
52 1
39 9
56 0
43 3
280 8
276.6
274.9
282.9
290 8
290 2
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
4 72 7
63 1
«79. 8
46.3
i 79 5
68 7
43 77 <1
41. 5
31.2
216.6
109.9
78.4
31.8
222.0
111.4
82.2
31.8
227.7
110.3
89.1
32.2
242.6
115.5
98.3
32.6
246.6
115.4
101.8
32 9
251.4
114.5
108. 1
15.5
11.4
19.1
12.6
20.9
13.0
17.9
12.8
17.6
15.2
20.5
14.7
2
* Preliminary.
For distributive shares, see p. 14. 3 Effective with 1959, all figures for new construction are on new basis; not comparable with earlier figures.
* Excludes certain interfund transactions.
* Total for 11 months.
9y
6. 675
f;
16.3
11.6
24.9
@FedFRASER