Full text of Survey of Current Business : January 1959
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JANUARY
rar
U. S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
1959
SURVEY OF C U R R E N T BUSINESS
U. S. DEPARTMENT OF COMMERCE
FIELD SERVICE
Albuquerque, N. Mex.
321 Post Office Bldg.
Tel. 7-0311
No. 1
JANUARY 1959
Atlanta 3, Ga.
66 Luckie St. NW,
JAckaon 2-4121
Boston 9, Mass.
U. S. Post Office and
Courthouse Bldg.
Liberty 2-5600
Buffalo 3, N. Y.
117 Ellicott St.
MAdison 4216
THE BUSINESS SITUATION
PAGE
Summary
1
Employment and Earnings
2
Business Recovery Mirrored in National Income and
Corporate Profits
*
*
*
SPECIAL ARTICLES
Measuring Regional Market Growth: A Case Study of
the Delaware River Area
Economic Dimensions of the Area
Summary of Market Growth
Sources and Methods of Estimation
U. S. Industry Expands Productive Capacity of Foreign
Countries
Sources of Funds Utilized
Purposes of Funds Used
*
*
10
10
12
16
20
21
22
S-l to S-40
Inside back cover
Published monthly by the U. S. Department of Commerce, LEWIS L» STRAUSS,
Secretary.
Office of Business Economics, M. J O S E P H ME EH AN,
Director. Subscription price, including weekly statistical supplement, is
$4.00 a year; foreign mailings, $7.50. Single copy, 30 cents. Send remittances to any Department of Commerce Field Office or to the Superintendent of
Documents, United States Government Printing Office, Washington 25, D. C.
Special subscription arrangements, including changes of address, should be
made directly with the Superintendent of Documents. Make checks payable
to Superintendent of Documents.
Cheyenne, Wyo.
207 Majeatic Bldg.
Tel. 8-8931
Chicago 6, 111.
226 W. Jackson Bird.
ANdover 3-3600
*
MONTHLY BUSINESS STATISTICS
Statistical Index
6
Charleston 4, S. C.
Area 2,
Sergeant Jasper Bldg.
Tel. 2-7771
Cincinnati 2, Ohio
36 E. 4th St.
DUnbar 1-2200
Cleveland 1, Ohio
E.6th St. & Superior Ave.
CHerry 1-7900
Dallas 1, Tex.
500 South Ervay St.
Riverside 8-5611
Denver 2, Colo.
19th & Stout St.
KEy stone 4-4151
Memphis 3, Term.
22 North Front St.
JAckson 6-3426
Miami 32, Fla.
300 NE. First Are.
FRanklin 9-5431
Minneapolis 1, Minn.
2d Ave. South and
3d St.
FEderal 2-3244
New Orleans 12, La.
333 St. Charles Are,
EXpress 2411
New York 1, N. Y
350 Fifth Are.
LOngacre 3-3377
Philadelphia 7, Pa.
1015 Chestnut St.
WAlnut 3-2400
Phoenix, Ariz.
137 N. Second Are.
ALpine 8-5851
Pittsburgh 22, Pa.
107 Sixth St.
GRant 1-5370
Portland 4, Oreg.
520 SW. Morrison St.
CApitol 6-3361
Reno, Nev.
1479 Wells Ave.
Tel. 2-7133
Detroit 26, Mich.
438 Federal Bldg.
WOodward 3-9330
Richmond 19, Va.
llth and Main St.
Milton 4-9471
Greensboro, N. C.
407 U. S. Post Office
Bldg.
Tel. 3-8234
St. Louis 1, Mo.
1114 Market St.
MAin 1-8100
Houston 2, Tex.
405 Main St.
CApitol 2-7201
Salt Lake City 1, Utah
222 SW. Temple St.
EMpire 4-2552
Jacksonville 1, Fla.
311 W. Monroe St.
ELgin 4-7111
San Francisco 11, Calif.
555 Battery St.
YUkon 6-3111
Kansas City 6, Mo.
911 Walnut St.
BAltimore 1-7000
Savannah, Ga.
125-29 Bull St*
ADams 2-4755
Los Angeles 15, Calif.
1031 S. Broadway
Richmond 9-4711
Seattle 4, Wash.
909 First Ave.
MUtual 2-3300
JANUARY 1959
ua
By the Office of Business Economics
JDUSINESS continued its upward movement through the
year end, marked by further increases in consumer buying
and government purchasing, and an end to inventory liquidation. For the final quarter as a whole, the total physical
volume of output registered a sizable advance from the third
quarter—around 3 percent. Prices averaged about the same
in the two quarters. Total production is now back to the
prerecession high in real terms and is at a peak in current
dollars.
The upsurge of gross national product in the fourth quarter, estimated on the basis of preliminary data at $453 billion, brought the total for 1958 to $437 billion. This was
off 1 percent from 1957 in value but, with higher average
prices, the volume of output was down approximately 3
percent.
Personal income in December, at an annual rate of $359%
billion, was off slightly from November because of a temporary contraction in dividends due to a less-than-usual volume
of yearend extra and special payments. In addition to the
drop in dividends, unemployment benefits declined again.
These changes more than offset a further increase in wages
and salaries.
The November-December rise in payrolls—from $242 billion to $243 billion, at annual rates—stemmed primarily
from the continued uptrend in average hourly earnings. For
the economy as a whole, changes in employment and hours
of work during December were about in line with seasonal
expectations. Recent developments bearing on labor income
are summarized in the next section of this issue.
For the year as a whole, personal income established a
record total of over $353 billion—$5% billion, or IK percent,
above 1957. With consumer prices averaging about 2%
percent higher last year, real purchasing power did not quite
match the 1957 aggregate.
Personal Income and Spending
Billion Dollars
375
Tofaf Income
350
X
325
300
275
^ \
\
Consumption Expenditures
250
i
225 U,
i
i
I
i
\
i
I
t
t
150
125
Nondurable-Goods Expenditures
100
Services
Pattern of change
75
Durable-Goods Expenditures
50 *
_ V,. ,
25
Percent
100
Consumption as a percent of
Disposable Personal Income
95
90
1955
1956
1957
1958
Quarterly Totals, Seasonally Adjusted, at Annual Rates
U. S. Department of Commerce, Office of Business Economics
59 -I-I
In the broad investment field, a mixed pattern of developments has brought advances in some areas and a lagging
recovery in others.
Residential construction activity, seasonally adjusted, rose
in the fourth quarter under the impetus of the large backlog
of commitments for Government-assisted financing provided
by the Housing Act of 1958. Actual construction in December, however, was hampered by severe weather over a
large area of the country.
Inventory liquidation by business has halted; the small
November accumulation, on a seasonally adjusted basis, was
associated with the building up of auto dealers' stocks. Since
the cutback in stocks had been quite severe earlier in 1958,
the cessation of inventory liquidation has been a factor in
the improvement of manufacturers' output.
No significant rise is as yet evident in business fixedinvestment outlays. As a consequence, the group of industries producing such capital equipment has experienced little
SURVEY OF CURRENT BUSINESS
change in new orders or sales and constitutes a lagging
element at this stage of the business recovery. Foreign
trade is another segment where demand remains around the
low reached in the 1957-58 decline.
Public construction has continued in a rising phase, with
each of the principal types contributing to the advance.
Particularly noteworthy has been the highway construction
program, operating with liberalized financing provided by
the Highway Act of 1958 for both the interstate network and
the regular State aid system.
Federal Government expenditures rose in the final quarter,
with some increase in defense spending and a substantial
rise in Commodity Credit support operations as the bumper
crop harvest was completed. Purchases by State and local
governments were also up again.
Retail sales gain
December retail sales were the highest on record, well above
December 1957. Higher prices accounted for part of the
over-the-year rise, but sales on a psysical volume basis also
established a new top.
The December rise brought total retail sales for the year to
over $200 billion, exceeding the 1957 total by a slight margin.
For the first three quarters of 1958, the dollar value of retail
trade had lagged behind the corresponding period of 1957 by
more than a billion dollars. This deficit was wiped out in
the last quarter of the year.
Fourth-quarter sales were at a seasonally adjusted annual
rate of $206 billion, exceeding the corresponding quarter a
year ago by more than 2 percent and the previous high
reached in the third quarter of 1957 by around 1 percent.
Quarterly fluctuations of retail sales in the 1957-58 period
are shown in the accompanying table.
Sales of Retail Stores
Quarterly Totals—Seasonally Adjusted
[Billions of dollars]
All stores
Year and quarter
1957—1
II...
Ill
IV
. _..
_
1958—1 -II
III
IV
Durable
goods
Nondurable
goods
49.0
49.9
51.0
50.1
17.1
17.2
17.3
16.8
31.8
32.7
33.7
33.3
48.9
49.6
50.2
51.4
15.6
15.5
15.5
16 6
33.3
34.1
34.6
34.8
The yearend showing of retail trade included a further
advance in sales of nondurable-goods stores and a sizable
upturn in the durable-goods segment. Sales of nondurables
received a particular fillip from heavy holiday buying at
general merchandise and apparel stores. Automotive sales
went ahead in December as the new models became available
in increasing volume. With this assist, durable-goods sales
on a seasonally adjusted basis moved upward, exceeding the
corresponding month a year earlier for the first time in 1958.
Autos down for year
About 4% million passenger cars were shipped from U. S.
factories in 1958. This was 30 percent less than in the
previous year, when shipments of cars totaled 6.1 million.
The 1958 total was substantially lower than in any other year
of the past decade except 1952, when production controls
restrained automotive output to a volume approximately the
same as last year's.
The sharp drop in auto sales during 1958 was reflected in a
January 1951
decline in installment debt, which at $33.7 billion at the em
of 1958 was down almost $K billion from the start of the year
The change came entirely from the drop in credit sales o
automobiles, which were off proportionally with total sale
since there was little change in the relative share of car
bought with the aid of borrowed funds. Somewhat less thai
two-thirds of new-car purchases were financed at least in par
on credit in 1958; this was little different from 1957 and no
far below the peak proportion for such purchases which hac
obtained in 1956.
Auto purchasers had reduced their installment debt b]
almost $1.3 billion on a seasonally adjusted basis in thefirst\
months of last year but, with the pickup of new car sales to
ward year end, the liquidation was halted. The net liquidation of new-car credit in 1958, representing 8% percent of the
amount outstanding at the start of the year, marked the firsl
break in the steady upward trend which had prevailec
throughout the postwar period. In November, however
new auto installment credit extended turned upward and a
sharp expansion in sales in December suggests that the
advance has continued.
Installment debt associated with other purchases continued
to expand throughout the recession, although the pace was
substantially moderated during the course of the downswing.
In the final months of the year, the expansion was accelerated
and for the year as a whole amounted to nearly $1 billion,
compared with a rise of $1.3 billion in 1957.
It is noteworthy that total installment debt, while down
fractionally during the past year, bore about the same relation to disposable personal income as at the previous high.
Some alteration in this respect was noted in the case of automobile buyers, but evidently other users of such credit continued to expand the debt at a fairly substantial pace given
the generally lower volume of purchases. With credit terms
about as liberal as feasible in the context of financial and
other requirements, it seems evident that retail buying has
not for some time been receiving any special new stimulus
from the terms available in credit financing.
Total short- and intermediate-term consumer credit outstanding at yearend—both installment and other—amounted
to $45 billion, approximately the same as the year-ago high.
Total debt had fallen briefly during the recession, but the
decline was more that offset in the second half of the year.
This past year was the first since World War II in which consumers ended the year with short-term indebtedness little
different from that at the start.
EMPLOYMENT AND EARNINGS
Recovery in economic activity has brought a sustained expansion in employee income. Higher pay scales, a longer
workweek, and a rise in employment have each contributed
to the advance in wages and salaries.
Total wage and salary income was at a record seasonally
adjusted annual rate of $243 billion in December, up nearly
$11 billion from the low point in April 1958, and $2 billion
above August 1957, the previous peak prior to the 1957-58
decline. About one-half of the total $11 billion advance in
payrolls was in the commodity-producing industries where
the impact of the recession was greatest.
The substantial recovery in total output has been achieved
to an important degree from a lengthening of the workweek
which had been cut back rather sharply under the impact of
declining demand. This was the pattern followed in the
initial stages of previous recovery periods. In manufacturing, for example, the number of factory workers added
from April to December increased 4 percent whereas output
SURVEY OF CURRENT BUSINESS
January 1950
Percentage change
Production workers
(seasonally adjusted)
Man-hours
July 1957- April 1958- July 1957- April 1958April 1958 December April 1958 December
1958
1958
ALL MANUFACTURING
-12
3.7
-15
8.8
Durable goods _ _
-16
5.6
-19
10.8
-6
1.2
-10
6.3
_ _ _ _ _
Nondurable goods
registered an advance of 13 percent. However, with the
lengthened workweek, man-hours worked, as shown in the
accompanying table, are up 9 percent. An additional factor
and one equally characteristic of the early phase of a cyclical
upswing in business has been the improvement in overall
productive efficiency accompanying a steadier pace of factory
operations and scheduling. These gains have stemmed
from tightened controls of management over production,
elimination of marginal facilities, and the extensive use of
new and more efficient equipment.
Employment higher
Aggregate nonfarm employment in December, seasonally
adjusted, was 50.7 million, an increase of 700,000 over April
when the downward movement that began in the third
quarter of 1957 was reversed. The December count, however, was still appreciably below the prerecession high. The
trend of employment in the May-December period of recovery paralleled in general the pattern of the upturn following the 1953-54 recession.
The most significant changes in nonagricultural employment trends since midsummer of 1957 centered in the closely
related industries of manufacturing, mining, and transportation, summarized in the center panel of the accompanying
chart. Employment in these industries declined an average
of 10 percent during the 1957-58 downturn, which contrasts
with a reduction of 1 percent for all other industries.
In manufacturing, by far the most important segment,
employment declined by 1.7 million to 15.2 million in May
before turning upward. Factory employment in December
was 465,000, or 3 percent, higher than in May. Nevertheless, the number of employees at the end of the year was still
more than a million, or 7 percent, below the 1957 midsummer
total and down somewhat more from the high at the end of
1956.
Most of the durable and half of the nondurable industries
reported gains in employment of production workers by the
year end. About seven-eights of the increase since spring was
in the durable goods sector where the bulk of the reduction
in the work force occurred. Within this group, above-average
gains occurred in primary metals, transportation equipment,
and those industries producing materials for use in construction where activity was strongly supported by the upsurge
in residential building.
A notable exception to the upward trend in factory hiring
was nonelectrical machinery where employment and output
continued to decline through July before turning moderately
upward. In December the number of jobholders in this industry was still 2 percent below April, on a seasonally adjusted basis.
Production worker employment in nondurable goods,
where the decline during the downturn was more limited,
has likewise shown a limited recovery and the total number
of jobs remained well below the 1957-58 prerecession level.
The rubber and leather products groups registered the largest
increases, adding 8 percent to their work forces. Smaller
gains were reported for textiles, apparel, and paper industries, whereas food, tobacco, printing and publishing, and
refined petroleum products still employed somewhat fewer
workers than in April 1958.
In mining and freight transportation—industries closely
associated with factory output—reductions in the work
force were relatively large; moreover, in these cases, there
has been little or no pickup in the subsequent recovery
period.
Nonmanufacturing employment steady
In all other nonmanufacturing industries, which account
for about three-fifths of total nonfarm employment, there
was very little change in overall employment trends, after
Employees in Nonagricultural Establishments
Total is up but still substantially below a year ago
Million
56
All Employees
52
48
44
Principal changes have been in goods production
and transportation
24
Manufacturing, Mining, and
Transportation
20
16 _ ' i 1 1 1 1 1 1 1 1 1 1 1 1 1 i 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 i 1 1 1 1 1 1
Little change elsewhere
All Other*
32
* Includes contract construction, public utilities,
trade, finance, services, and government
28
1955
1956
SEASONALLY
1957
1958
ADJUSTED
Data: BLS
U. S. Deportment of Commerce, Office of Busineu Ecc
59-1-2
SUEVEY OF CUREENT BUSINESS
adjustment for seasonal influences. The small reduction in
employment that occurred between the cyclical high and low
points was virtually wiped out by September. At the yearend combined employment in this important group totaled
32 million, nearly 300,000 higher than in April.
This large segment, comprising a heterogeneous list of industries but dominated by distributive-service type of activity, has been operating for the most part under long-term
growth influences. Only in the case of trade and construction was the impact of recessionary forces evident to any
appreciable degree. With respect to trade, it might be noted
that sales at retail stores other than automobile dealers held
up very well in the past year.
In contract construction, the drop in the work force from
the summer of 1957 to early 1958 was for the most part a
continuation of the downturn which had been underway well
in advance of the business contraction. Employment in
this segment has been rather irregular, being influenced considerably by severe weather conditions both last winter and
so far this winter.
In the remaining group of industries—services, finance and
insurance, public utilities, and Government—employment
increased or leveled off before resuming the long-term advance characteristic of this group. Combined employment
in these industries at the year end totaled 18 million, a record
high, and 350,000 above a year earlier. In Government, the
number of jobs advanced steadily, rising 300,000 over the
course of the year. Much of the employment gain reflected
State and local hiring of additional personnel to staff the new
January 1959
schools and other institutional buildings put into operation
during the year.
Longer workweek
Along with the improvement in employment, there wer(||
general increases in the length of the workweek throughout
industry. In manufacturing, the advance in the workweek
first became noticeable last spring, coinciding with the
Factory Employment, Hours
and Earnings
Index, Jan. 1957=100
110
Hourly Earnings
\
100
•**
y-c.—
»•••••••**
90
Table 1.—Industry Pattern of Employment
[Seasonally adjusted]
Production
Workers
(seasonally adjusted)
1958
1957
July
Percentage change
DecemApril
ber July 1957- 1958-DeApril 1958 cember
1958
(Thousands)
April
80
i i i i i I i i
1
9
i i i
5
7
I i
I
i i i i
1
9
5
I
i i i i i
8
Basic data: BLS
U. S. Department of Commerce, Office of Business Economics
Wage and salary workers in nonagricultural establishments, total
52,464
50, 054
50,736
-4.6
1.4
ManufacturingMining
Construction
16, 876
828
2,847
15, 243
723
2,624
15, 667
708
2,550
-9.7
-12.7
7.8
2.8
—2 1
-2.8
Transportation
Public utilities __
Trade
2,744
1,419
11, 368
2,503
1,387
11, 050
2,513
1,351
11, 100
-8.8
—2.3
28
.4
—2.6
.5
Finance, insurance, and real estate
Services and miscellaneous
Government
__
2,349
6,395
7,638
2,356
6,352
7,816
2,384
6,446
8,017
.3
-.7
2.3
1.2
1.5
2.6
Manufacturing production workers, total
12, 967
11,438
11,857
-11.8
3.7
7,565
6,338
6,696
-16.2
5.6
76
601
323
451
69
533
284
402
73
571
301
431
-9.2
-11.3
-12.1
-10.9
5.8
7.1
6.0
7.2
Primary metals _
Fabricated metals
Machinery (exc electrical)
Electrical machinery
1,089
902
1,262
877
849
766
1,045
729
938
815
1,027
772
-22.0
-15.1
-17.2
16.9
10.5
6.4
-1.7
5.9
Transportation equipment
Instruments and related products. ._
Miscellaneous manufacturers
1,364
226
394
1,103
203
355
1,197
209
362
-19.1
-10.2
-9.9
8.5
3.0
2.0
5,402
5,100
5,161
-5.6
1.2
1,066
83
924
1,071
1,034
81
837
1,007
1,019
77
848
1,041
-3.0
2.4
-9.4
-6.0
-1.5
-4.9
1.3
3.4
Paper and allied products
Printing and publishing
Chemical and allied products
Products of petroleum and coal
456
552
548
166
438
548
514
159
441
545
513
158
-3.9
-.7
-6.2
-4.2
.7
-.5
-.2
-.6
Rubber products
Leather and leather products
206
330
179
303
193
326
-13.1
-8.2
7.8
7.6
Durable goods, total
Ordnance and accessories. __
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Nondurable goods, total
Food and kindred products
Tobacco manufacturers
Textile-mill products
Apparel and allied products
-
Source: U. S. Department of Labor, Bureau of Labor Statistics.
59-1-3
upturn in industrial production before any appreciable
recovery in the work force. The rise in weekly hours has
since continued with only minor interruptions, and in December factory employees were working nearly 2 hours longer
than in April 1958, and about one-half hour longer than in
July 1957. The workweek in December at 40.2 hours was
well above the average for 1957 though still slightly below
the average for 1956.
The increase in hours worked extended to both durable
and nondurable manufacturing industries. In all but three
major groups the workweek toward the close of the year was
well above a year earlier.
Among nonmanufacturing industries, fluctuations in the
workweek since the summer months of 1957 were for the
most part less pronounced than in manufacturing, a pattern
characteristic of the trend in the postwar years. Thus, in
trade, public utilities, telephone, finance and services, average
hours worked held within a narrow range and for the year
averaged about the same as in the corresponding period of
1957.
In construction, the workweek in 1958 showed little
change, apart from seasonal movements, and for the year £j|
a whole was about as high as in 1957 but moderately below
1956. In contrast, changes in the workweek of the mining
industries over the period were especially marked due in
large measure to wide swings in average hours worked in
bituminous coal mines which ranged from 36.3 hours in
SUKVEY OF CUEEENT BUSINESS
January 1950
July 1957 to 30.0 hours in April 1958. In November, the
workweek in coal pits was back to 35.6 hours, well above the
year-ago level.
Table 2.—Gross Average Hourly Earnings in Selected Industries
Average hourly earnings
July
Record hourly earnings
Continuing the long-term rise evident throughout most of
the postwar years, the average wage and salary paid by
American industry was at a record high in December. In
manufacturing, the cutbacks in factory overtime hours as the
workweek was reduced during the 1957-58 recessionary
period tended to slow down the rate of increase in weekly
payrolls somewhat, but average hourly earnings continued
to move upward and toward the end of 1958 reached $2.19,
or nearly 4 percent above a year earlier. The average
increase for 1958 was below the gain between 1956 and 1957
when the economy was continuing in a generally rising phase.
All of the year-to-year increase in hourly earnings occurred
in the latter half of 1958 and reflected in part an increase
in overtime hours worked and advances in basic wage rates
in an important group of industries.
The increases in average hourly earnings were widespread
throughout manufacturing with all of the 21 major groups
registering a rise in the 12 months ended December 1958.
Among these industries, primary metals, transportation
equipment, and tobacco manufactures registered wage increases of 7 percent or better, or nearly double the average
2;ain in total manufacturing; at the other end, furniture,
textiles, and apparel products recorded advances averaging
a little over 1 percent. In 5 of the 21 major manufacturing
MANUFACTURING
Durable goodsNondurable goods
Contract construction 1
Bituminous coal mining !
Petroleum 1and natural gas *
Telephone
_ _
Gas and electric utilities *
_.
Retail trade *
Wholesale trade *
Hotels i
Railway wages (class I) 2
December
Percent change
December
July 1957- 1957-DeJuly 1958 cember
1958
1957
1958
1957
1958
$2.07
2.20
1.89
$2.13
2.28
1.94
$2.10
2.24
1.92
$2.19
2.35
1.97
2.9
3.6
2.6
4.3
4.9
2.6
2.88
3.09
2.67
1.94
2.33
3.00
3.02
2.69
2.06
2.46
2.96
3.05
2.68
1.98
2.38
3.03
3.03
2.72
2.08
2.52
4.2
-2.3
.7
6.2
5.6
2.4
-0.7
1.6
5.1
5.9
1.67
2.11
1.09
2.25
1.71
2.19
1.14
2.43
1.66
2.14
1.11
2.25
1.71
2.19
1.14
2.43
2.4
3.8
4.6
8.0
3.0
2.3
2.7
8.0
1. Data in cols. 3, 4, and 6 are for November.
2. Data in cols. 3, 4, and 6 are for October.
Source of data: IT. S. Department of Labor, Bureau of Labor Statistics, except Interstate
Commerce Commission for railway wages.
groups, the wage-rate increases in 1958 exceeded the gains
of the previous year. Much the same mixed experience
with respect to hourly earnings was characteristic of industries other than manufacturing.
Average weekly factory earnings in December reached
$88.04, a new high in take-home pay after adjustment for
changes in living costs and Federal income and social
security taxes. The December earnings were 6.5 percent,
or $5.30, higher than a year earlier. All of the major
manufacturing industries participated in the gains.
Scheduled for publication in February 1959
U. S. INCOME AND OUTPUT
A recently completed compilation of new and revised income and product data for the period beginning with 1946, for use in conjunction with the 1954 NATIONAL INCOME supplement. The text
includes an analysis of the American economy as viewed through the national income accounts, a
discussion of the development of the accounts over the past quarter century and of the needed directions of future research, and a review and evaluation of the statistical basis of the estimates.
THE NEW VOLUME is intended for use along with other previous Survey supplements containing
exhaustive treatments of sources and methodology as well as basic historical tables that are here
brought up to date. For example, the essential background material in the 1954 edition of NATIONAL INCOME will prolong its use as a source book—just as the Survey oj Current Business is
depended upon to furnish the latest quarterly data, and in its regularly-issued July National Income
Number, the later annual tables of supporting detail.
To be available from the Superintendent of Documents, U. S. Government Printing Office,
D. C., and all Commerce field offices, price not yet established.
Washington 2$?
SURVEY OF CURRENT BUSINESS
6
January 195
Business Recovery Mirrored in National Income
and Corporate Profits
AT AN annual rate of $363 billion in the third quarter, national income registered an advance of $11 billion over the
preceding 3-month period. It was still close to $6 billion
below the peak rate established in the summer of 1957, but
this gap has probably been more than closed during the last
quarter of 1958. The flow of wages and other earnings to
individuals continued to expand through December, and
corporate profits extended their marked third-quarter
recovery.
Pattern of Income and Product
Shifts in demand for National Output...,
Billion Dollars
350
Commodities *
300
250
In real terms, the pace of national production during thi
final quarter of last year was about equal to the best quarters
of 1957, prices having advanced during the recession period
The third-quarter gains in economic activity reflected ns
ing demand for most consumer items (other than autos) anc
for housing, together with a marked tapering both in the
contraction of business fixed investment and in the liquida
tion of inventories. Government purchases continued tc
rise. In the closing months of the year the favorable trenc
was extended. In particular, the demand for autos firmed
and the further change in total business inventory holdings
was small.
The makeup of national income shifted in line with these
demand changes. As compared with the first half, gaim
centered much more in the markets for goods than in those
for services; and accordingly the second half featured a recovery in manufacturing and other commodity producing
and handling industries. (wSee chart.) These were the lines
where the preceding downturn had been sharpest. As the
corporate form of organization predominates in most oi
them, their gains were mirrored in the share of national
income originating in corporate business, profits in particular
turning up sharply.
Industries which depend mainly on the demand for services continued to expand moderately as they had throughout
the general business recession.
Pattern of national income
200
Services
150
I
I
100
determined the industrial pattern
of National Income
300
Commodity-Associated
Industries *
250
200
Serv/ce-Assoc/afec/
Industries
150
100
1956
1957
1958
Quarterly Totals, Seasonally Adjusted, at Annual Rates
* Including construction
U. S. Department of Commerce, Office of Business Economics
59-1-4
While the cyclical swing was apparent in most commodityassociated industries, it was especially pronounced in manufacturing, mining, and transportation. Income in these
lines expanded vigorously after midyear from the lows of
last winter and spring, recent gains canceling most of the
prior decline. The contraction and recovery in the three
industries combined were almost sufficient to explain by
themselves the entire cyclical movement registered in the
national income in 1957-58—even though these industries
account overall for only a little more than one third of the
income total. (See table 1.)
The course of manufacturing income has reflected a swing
in production of nondurable as well as durable goods, but
the recession in hard goods w^as more protracted and considerably deeper.
The recovery in income from durables manufacturing that
began last summer continued through the balance of 1958.
By the fourth quarter it had wiped out a large part of the
previous drop, which from mid-1957 to the low of last
spring had amounted to almost one-fifth.
Earnings in transportation and mining have followed a
course broadly similar to that of income in durables manufacturing. Mining activity has
been sharply affected by
the changes in manufacturers 7 demands for raw materials
and fuel. The movements in transportation income have
been somewhat less pronounced: While activity in this industry division as usual responded primarily to the swing
in the volume of commodity shipments, it has been bolstered
to some extent by the relatively stronger trend of passenger
revenues, of nonrail carriers in particular.
Other industries producing and handling commodities
SUEVEY OF CUREENT BUSINESS
January 1959
have fared relatively much better than have hard goods
manufacturing, mining and transportation. An upturn
recorded for nondurables manufacturing as early as the
second quarter of last year was extended in the third and
fourth to make good the whole of the previous decline,
which overall had been less than half as severe as that in
durables.
Total income earned in trade likewise turned up before
midyear, reflecting the strength of the demand for food and
other nondurables. Further advances were recorded in the
second half as the business recovery spread to the markets
for major consumer durables.
In contrast with the experience of the other commodityassociated industries was that of agriculture, where income
since last spring has reflected the leveling off of prices
received by farmers. With a record harvest this year, and
prices having risen contracyclically during most of the
recession period, national income from agriculture in the
second half was nevertheless around one-tenth above the
same period of 1957.
In the industry divisions classified as depending primarily
on demand for services, the previous moderate uptrend continued during the second half of last year. In public utilities, finance and government as well as in the services
industry division itself, the increases after midyear were
limited by comparison with the sharp upswing recorded in
the more cyclically sensitive commodity-based lines. Aside
from the expansion in the real volume of services associated
with long-term economic growth, demand strength in the
service area has been evidenced by the steady rise in utility
rates, rentals, and medical and other personal service costs.
Corporate activity rises
The industries most affected by the recent upswing in
demand are lines in which the corporate form of organization
predominates. The flow of income arising in corporate
business has accordingly expanded more than have earnings
from the noncorporate area. (See table 2.) During the
period of general business contraction, national income
originating outside corporations showed virtually no change.
While moderate declines were reported for nonfarm proprietorships and partnerships, these were offset by increases
in governmental and agricultural activity. A like resistance
to business-cycle influences has characterized the aggregate
income flow from other-than-corporate sources since midyear.
The sharp second-half rise in income originating in corpo-
rations centered, like the previous decline, largely in the
profits share. Corporate payrolls also increased. (See
chart.)
Types of income
Changes in the type distribution of income during the
second half of 1958 were dominated by these developments
in the corporate area. Profits accounted for around one-half
of last summer's $11 billion rise in national income (table 3),
and have probably made up a similar fraction of the entire
advance since midyear.
As is usual in short-run swings, employee compensation
has provided the next largest part of the recent income expansion. The rise in employee earnings, amounting at annual
rates to $4% billion in the third quarter and $3 billion in the
fourth, has carried the annual rate about a billion dollars
above the previous peak reached in the summer of 1957.
Perhaps three-fourths of the increase since midyear has
come from corporations, with the balance divided between
other private and public sources. In the final quarter of
1958 public payrolls were somewhat higher than before the
recession. Private payrolls were still a little under the 1957
peak; their strength during the recent cycle, moreover, has
reflected in large part the continued uptrend in average hourly
pay and the recovery in average hours worked. The latest
reports show private-industry employment still significantly
below the levels recorded a year and a half ago.
For the fourth quarter as a whole, it should be noted,
comparisons of employment and income with 1957 highs are
affected by the major work stoppages which occurred last
October in auto manufacturing and certain other durablegoods lines.
Contributing to the growth of national income during the
second half of last year was a recovery in the earnings of
business and professional proprietors. Farmers' net income,
after expanding early in the year, has shown little subsequent
change. Interest, a share characteristically governed less by
cyclical than by trend factors, moved consistently upward
throughout the business recession and recovery.
Profits recover
Corporate profits as measured for national income purposes—before taxes and not counting inventory gains and
losses—moved up after midyear to a seasonally adjusted annual rate of $38 billion for the summer quarter. This represents an improvement on the order of 20 percent from the
Table 1.—National Income by Industry Divisions, 1953—58
[Billions of dollars]
Seasonally adjusted at annual rates
1953
All industries, total
Agriculture, forestry, and
fisheries
Manufacturing..
Durable-goods industries
Nondurable-goods industries
..
_ _ _ ._ _ _
_
_
«
wholesale and retail trade
_.
nance, insurance, and real estate
Transportation
__
Communications and public utilities
Services
Government and government enterprises
Other
_
-
__ .
1955
1956
1957
1958
1957
I
II
III
IV
I
II
III
305.6
301.8
330.2
349.4
364.0
361.5
364.1
368.7
361.5
350.6
352.4
17.5
16.9
16.1
16.1
16.2
16.1
16.2
16.5
16.1
17.2
18.2
17.9
98.0
59.9
38.1
91.1
54.1
36.9
104.5
63.1
41.4
109.9
66.4
43.5
112.5
68.9
43.6
114.1
70.4
43.6
113.0
69.2
43.7
113.9
69.8
44.1
109.2
66.3
42.9
99.2
58.6
40.6
98.4
57.3
41.1
104.2
60.6
43.6
49.8
27.6
15.8
10.1
50.6
29.3
14.4
10.8
55.0
30.9
15.8
11.7
57.3
32.1
16.8
12.5
59.6
34.6
17.3
13.3
59.2
33.5
17.3
13.1
59.6
34.2
17.4
13.3
60.5
35.2
17.6
13.4
59.1
35.6
16.8
13.6
57.8
35.3
16.2
13.7
58.2
35.5
15.6
14.0
60.0
35.7
16.5
14.2
29.2
35.3
22.4
30.2
35.9
22.6
33.7
37.8
24.8
37.0
40.3
27.4
39.4
42.9
28.1
38.5
42.1
27.7
39.3
42.6
28.5
39.9
43.3
28.5
40.0
43.4
27.7
40.1
44.6
26.4
40.3
45.4
26.8
40.8
46.6
27.3
Source: U. S. Department of Commerce, Office of Business Economics.
1954
363.1
SUEVEY OF CURRENT BUSINESS
8
January 1959
Table 2.—-National Income by Corporate and Noncorporate Form of Organization, 1953—58
[Billions of dollars]
Seasonally adjusted at annual rates
1954
1953
1957
1956
1955
1958
1957
I
II
III
IV
I
II
III
National income
305.6
301.8
330.2
349.4
364.0
361.5
364.1
368.7
361.5
350.6
352.4
363.1
Income originating in corporate business
169.0
163.3
184.2
195.2
202.1
202.6
202.5
204.8
198.4
186.4
186.1
194.5
Compensation of employees
Wages and salaries
Supplements to wages and salaries
132.4
124.2
8.2
130.4
121.9
8.5
142.2
132.5
9.7
154.0
143.4
10.6
161.9
150.0
11.9
160.5
148.9
11.6
162.4
150.6
11.9
163.6
151.4
12.1
161.3
149.2
12.1
156.7
145.0
11.7
155.3
143.7
11.6
158.2
146.4
11.9
Corporate profits andl inventory valuation adjustment * _ _
Profits before tax
Profits tax liability ..
Profits after tax *
Inventory valuation adjustment
36.2
37.2
20.2
17.0
-1.0
32.3
32.6
17.2
15.4
-.3
41.6
43.3
21.8
21.5
-1.7
41.2
43.7
22.4
21.3
-2.6
40.0
41.5
21.6
19.9
-1.5
41.9
44.3
23.0
21.3
-2.4
39.9
41.5
21.7
19.8
-1.5
41.1
42.1
22.0
20.1
-1.1
37.0
38.1
19.9
18.2
-1.1
29.5
29.9
16.1
13.7
-.3
30.6
30.1
16.3
13.8
.5
36.2
36.0
19.3
16.7
.2
Net interest
.4
.5
136.6
138.5
-
Income originating outside corporate business
.0
.2
154.2
161.9
.5
146.0
.1
159.0
.2
.2
.2
.2
.2
.2
161.6
163.9
163.1
164.2
166.4
168.6
1. Excludes corporate profits originating in the rest of the world sector.
Source: U. S. Department of Commerce, Office of Business Economics.
Table 3.—National Income by Distributive Shares, 1953-58
[Billions of dollars]
Seasonally adjusted at annual rates
1953
National income
Compensation of employees
Wages and salaries
Private
Military
-- _
_
Government civilian
1954
1955
1956
1958
1957
1957
I
II
III
IV
I
II
III
IV *
305.6
301.8
330.2
349.4
364.0
361.5
364.1
368.7
361.5
350.6
352.4
363.1
n. a.
208.8
207.6
223.9
241.8
254.6
251.6
254.9
257.3
254.8
250.9
250.7
255.3
258.4
198.0
164.2
10.3
23.5
196.3
161.9
10.0
24.4
210.9
174.9
9.8
26.2
227.3
189.3
9.7
28.4
238.1
198.0
9.6
30.5
235.6
196.2
9.6
29.8
238.4
198.6
9.7
30.2
240.5
199.9
9.8
30.8
238.0
197.4
9.5
31.1
234.4
192.7
9.4
32.3
234.2
191.8
9.6
32.8
238.4
195.0
10.0
33.4
241.3
197.6
10.0
33.7
10.8
11.3
13.0
14.5
16.5
16.0
16.4
16.8
16.8
16.5
16.4
16.9
17.1
Proprietors' and rental income L
51.2
51.3
52.8
53.3
54.8
54.1
54.7
55.5
55.0
55.3
56.2
56.6
57.5
Business and professional
Farm
Rental income of persons
27.4
13.3
10.5
27.8
12.7
10.9
30.4
11.8
10.7
30.8
11.6
10.9
31.4
11.6
11.8
31.1
11.6
11.4
31.4
11.6
11.7
31.7
11.8
12.0
31.3
11.5
12.2
30.6
12.6
12.1
30.7
13.4
12.1
31.1
13.3
12.2
31.8
13.3
12.3
Supplements to wages and salaries
_ __
Corporate profits and inventory valuation adjustment
37.3
33.7
43.1
42.9
41.9
43.7
42.0
43.1
38.8
31.3
32.5
38.0
n. a.
Corporate profits before tax
_
Corporate profits tax liability _ Corporate profits after tax
38.3
20.2
18.1
34.1
17.2
16.8
44.9
21.8
23.0
45.5
22.4
23.1
43.4
21.6
21.8
46.1
23.0
23.1
43.5
21.7
21.8
44.2
22.0
22.1
39.9
19.9
20.0
31.7
16.1
15.5
32.0
16.3
15.7
37.9
19.3
18.6
n. a.
n. a.
n. a.
Inventory valuation adjustment -
-1.0
-.3
-1.7
-2.6
-1.5
-2.4
-1.5
-1.1
-1.1
-.3
.5
.2
n. a.
8.2
9.1
10.4
11.3
12.6
12.1
12.5
12.8
12.9
13.0
13.1
13.2
13.3
Net interest
v Preliminary.
n. a. Not available.
1. Includes noncorporate inventory valuation adjustment.
Source: U. S. Department of Commerce, Office of Business Economics.
Table 4.—Corporate Profits (Before Tax) and Inventory Valuation Adjustment, by Broad Industry Groups, 1953-58
[Billions of dollars]
Seasonally adjusted at annual rates
1953
1954
1955
1956
1957
1957
I
II
1958
III
IV
I
II
All industries, total
37.3
33.7
43.1
42.9
41.9
43.7
42.0
43.1
38.8
31.3
32.5
[Manufacturing
Durable-goods industries
Nondurable-goods industries
21.4
12.1
9.3
18.4
10.1
8.3
25.0
14.2
10.8
24.5
13.4
11.1
23.5
13.5
10.0
24.9
14.5
10.4
23.4
13.4
10.0
24.3
14.1
10.2
21.5
12.1
9.4
15.6
7.8
7.8
15.9
7.9
8.0
Public utilities
All other industries
-
- _-
:«
9.7
10.0
4.9
4.4
6.4
5.5
6.6
5.7
5.6
5.7
5.4
5.1
5.4
6.2
11.0
11.0
12.8
12.9
12.8
13.1
13.0
13.1
11.9
10.6
11.2
12.1
Source: U. S. Department of Commerce, Office of Business Economics.
in
January
SURVEY OF CURRENT BUSINESS
1059
extremely low level maintained in the first half. It was still
$5 billion under the plateau which had marked the 3 prerecession quarters of 1957, but this gap, judging from the
indirect evidence which is all that is yet available on the
quarter just ended, may well have been wiped out before the
jnd of last year. Involved in the recent advance of profits
has been a substantial upswing in sales together with the
expansion of profit margins which is typical of recovery
periods.
Book profits as reported by business for the fourth quarter
will reflect not only the basic expansion of productive
activity but also the reemergence of inventory valuation
gains following advances in metals prices. Inventory gains
had contributed to the relatively favorable levels of book
profits in early 1957. Their replacement by inventory losses
last spring aggravated the drop in reported profits; in terms
of after-tax annual rates these fell from $22 billion in mid1957 to $15K billion in the first and second quarters of 1958—
a cut of 30 percent. The second-half recovery, initiated
with a $3 billion advance in the summer, may well prove
to have been correspondingly sharp.
Recent Changes in Income
Originating in Corporate Business
Billion Dollars
250
Total
200
PROFITS BEFORE
-
150
—
,%
100
: EMPLOYEE COMPENSATION
50
0
%
V
f
' ,'
. 1 , . * l ,
Index , 3rd Qtr. 1957=100
120
Profifs Before Taxes*
100
Employee Compensation
\
/
80
60
,
.
,
1956
1
,
,
.
1
1957
,
,
,
1958
Quarterly Totals, Seasonally Adjusted, at Annual Rates
* Includes inventory valuation adjustment and interest
U. S. Department of Commerce, Office of Business Economics
Digitized491311°—59for FRASER
59-1-5
9
The recent cyclical swing in economic activity and in the
rate of corporate earnings, like most such short-run changes
in the past, had relatively little effect on dividend payments.
During the recovery last summer, as through most of the
recession period, these maintained the same annual rate of
around $12-$ 12}^ billion that had characterized them since
early 1956.
Reflecting the course of after-tax profits, retained earnings
moved up to a $6 billion rate for the summer quarter, and
their improvement continued in the final quarter of last year.
Profit shifts by industry
The industrial distribution of the third-quarter rise in
profits, like that found in national income, is largely to be
explained by the shifts in the market pattern of demand
described above. Even more than total income, corporate
profits featured the recovery in the cyclically sensitive
commodity producing and handling industries in which the
previous downswing had been most severe. A very large
fraction of the improvement was accounted for by the manufacturing and transportation groups in particular, and gains
were reported in mining as well. There seems also to have
been some further increase in earnings in trade.
Notwithstanding the marked gains recorded after midyear,
for the summer quarter profits in durable-goods manufacturing were still nearly one-third below the year-earlier rate,
and mining was likewise reported under mid-1957. Nondurable-goods manufacturing, in contrast, almost matched
the 1957 third quarter, and the recovery in transportation
was similarly substantial.
Manufacturing
Within manufacturing, the pattern of profits expansion
after midyear reflected the rise in sales of a wide variety
of consumer goods, plus the strong demand for industrial
materials needed in automaking and in residential and highway construction.
With the single major exception of the auto industry,
durables and nondurables groups alike experienced better
profits in the third quarter.
Among the durables, gains in the metals and machinery
lines accounted for most of the increase. The recovery was
especially pronounced in the metals industries. Copper and
steel output rose with the firming or expansion of demand
from a wide range of users. Prominent among these was the
auto industry, where the previous heavy liquidation of
inventories was reversed. Steel production advanced from
45 percent of capacity last April to a plateau around 75
percent which was maintained from early autumn on. Steel
and copper price advances after midyear also contributed
to the improved earnings picture in these industries.
Somewhat smaller in dollar magnitude but even sharper
in percentage terms were the third-quarter advances in
durable-goods lines linked to residential building. Associated with the rise in housing starts from their late-winter
lows to a 3-year high last fall was a rapid expansion of profits
in lumber, furniture, and the stone-clay-glass group. The
effect of the increase in homebuilding activity on profits in
the lumber industry was particularly marked. The recovery
in consumer expenditures for furniture and household equipment bolstered earnings in the furniture industry and to
some extent in electrical machinery as well. In the stone,
clay, and glass group, profits reflected not only increased
residential use but also the strength of demand for highway
construction materials and for a variety of other products.
In the auto industry itself, the weakness in production
shown during most of 1958 was not apparent during the
(Continued on page 24)
by Robert E. Graham, Jr.
Measuring Regional Market Growth
A Case Study of the Delaware River Area
E
CONOMIC activity in the United States is characterized
by marked differences in level and movement among geo-
graphic areas. These differences have important implications for marketing and economic development, and to the
extent that they can be taken into account, the scope and
quality of many types of analysis research by business will be
enhanced.
Now for the first time, the Office of Business Economics
has extended its basic market measure—personal income—
to areas that cut across State lines. This new research was
the outgrowth of a special economic survey undertaken
for the U. S. Army Corps of Engineers as part of its extensive
Per Capita Personal Income, 1957
Delaware River Service Area
0
1
Thousand Dollars
2
UNITED STATES
Delaware River
Service Area
Area Sub-regions
Wilmington
Met. Area
study of the water resource development of the Delaware
River Service Area (DRSA). Income measures which were
constructed for selected years of the period since 1929
provided the basis for charting the past and potential economic growth of the area and its eight principal subregions.
It was recognized that the Economic Base Survey report,
containing OBE's first comprehensive estimates for areas
smaller than States, would prove useful in the regional
measurement of economic trends. Because the complete
report is not yet available, the present article provides the
means for presenting the figures, summarizing the economic
highlights they reveal, and describing the underlying sources
of data and statistical procedures.
The description of methodology, covered in the latter part
of the article, is intended to serve as a guide to those concerned with the problem of estimating the income of an area
representing part of a State.
Personal income—OBE's comprehensive measure of the
income receipts of individuals—provides the best available
framework for gaging economic characteristics and changing
patterns of growth on a geographic basis. This generalization is illustrated by our widely used State income series,
which goes back on an annual basis to the late 1920's.
As summarized in the accompanying four tables, the special
data prepared for the Delaware River Service Area cover the
years 1929, 1940, 1950, 1955, and 1957. The area surveyed
includes 49 counties, extending from just north of New York
City through New Jersey and Delaware and into the eastern
part of Pennsylvania. The specific counties comprising the
Delaware Area and each of the eight subregions are listed in
the insert on page 16.
New York City
Met. Area
Trenton
Met. Area
ECONOMIC DIMENSIONS OF THE AREA
Philadelphia
Met. Area
Geographically, the Delaware Area comprises less than 1
percent of the Nation's land surface but economically it
bulks large from both a production and market standpoint.
In 1957, the area's 22 million residents received $57 billion
of personal income, an average of $2,600 per person. These
two factors—a large income aggregate cumulated in a relatively small geographic area and a per capita income onefourth higher than the national average—make this section
a large concentrated market of exceptionally high quality.
The summary income figures for 1957 are given in table 1.
In this, the Delaware and its subregions are compared witi
the United States and the Mideast region. The latter—in
which the Delaware River Service Area is located—is one of
New York City Met.
Area Supplement
Bethlehem-Allentown &
Reading Met. Areas
Southern Basin &
Coastal Area
Upper Basin Area j
U. S. Department of Commerce, Office of Business Economics
10
59-1-6
NOTE.—MR. GRAHAM IS A MEMBER OF THE NATIONAL INCOME
DIVISION, OFFICE OF BUSINESS ECONOMICS.
January 1950
SUEVEY OF CUEEENT BUSINESS
the eight regional groupings used by QBE in its State income
reports, and includes New York, New Jersey, Pennsylvania,
Delaware? Maryland^ and the District of Columbia.
Subregional economies differ
widely
Among individual subregions, there is wide variation in
market characteristics. As shown in the table, the two
large metropolitan areas centering on the cities of New York
and Philadelphia, with a combined aggregate of nearly $50
billion, account for one-seventh of all income in the country
and more than four-fifths of the area total. The other 6
subareas may appear small in relation to New York and
Philadelphia, but they receive more than $8 billion, or about
2% percent of national personal income.
Although the distribution of income and purchasing power
within the Delaware Area reflects primarily the location of
population, there are significant differences in average income
levels. These are depicted in the chart. By subareas, per
capita incomes in 1957 ranged from $3,200 in the Wilmington
Area to $1,575 in the Upper Basin. They involved a spread
from three-fifths above to one-fifth below the national
average.
Income sources
Because of its comprehensiveness, personal income constitutes a major purchasing power guide which can be used
directly to measure the size and quality of consumer markets.
Moreover, its usefulness as a tool of economic analysis is
augmented by reason of the significant categories into which
the overall totals can be classified. The breakdowns according to both type of income and industrial source—as shown
in table 4—illustrate this aspect of its utility. For convenience, major income components in 1957 are expressed as
percentages of aggregate income or earnings in table 2.
11
In the Delaware Area, commodity-producing industries
(mainly farming, mining, and manufacturing) and government account for somewhat less-than-average proportions of
civilian earnings. Conversely, the distributive and service
industries each contribute above-average proportions. These
differences in industrial composition are traceable to the
primarily urban nature of the Delaware Area economy, as
well as to certain special features centering in the large New
York City Metropolitan Area.
Particularly noteworthy is the relative absence of extractive industries in the Delaware Area as a whole. Also,
government is of somewhat below-average importance as a
source of total earnings, primarily because of the comparative role of Federal installations.
The above-average contribution of the distributive and
services industries reflects to a large degree the economic
specialization of the New York Metropolitan Area as an
office and headquarters center; a nucleus for business, professional, and trade union associations; a world financial and
political center; and a great tourist attraction.
Other subareas of the DRSA also have unique characteristics of industrial structure. For example, the Upper Basin
and the Southern Basin and Coastal areas are considerably
more agricultural than the region as a whole. In addition,
the Upper Basin relies heavily on mining as an income
source. These two areas and the Trenton Metropolitan
Area, it may be added, derive an unusually small proportion
of personal income from returns on invested capital.
Long-Term Growth in Personal Income
Delaware River Service Area
Percent Increase, 1929 to 1957
100
200
300
400
Types of income
From a type-of-income standpoint, there is a substantial
degree of similarity between the overall Delaware Area and
the country as a whole. Chief differences relate to the lesser
importance in the area of proprietors' income—the net earnings of unincorporated business enterprises—and to the
comparatively large fraction of the total derived from
property incomes in the form of rents, dividends, and interest.
The former difference reflects primarily the minor emphasis
placed by the Delaware economy on farming, an activity in
which returns to proprietors bulk especially large. The
unusual role of property income in the area is noteworthy
on two counts: It is a factor in the high level of per capita
incomes on the one hand; but at the same time the relative
sluggishness of this income source has contributed significantly to the area's less-than-average overall economic
growth.
Variations in industrial structure
Largely because of a lack of information on the industrial
sources of property income, total income cannot be subdivided according to industry of origin. However, the
industrial pattern that prevails in an area can be brought
into
focus through a breakdown of the earnings of civilians
?
or their participation in current production. This earnings
measure covers wages and salaries, other labor income, and
proprietors' income. With civilian earnings making up
four-fifths of total personal income, the data in tables 2 and 4
afford a comprehensive picture of the broad industrial
structure of the economy of the DESA and its subregions.
UNITED STATES
Delaware River
Service Area
Area Sub-Regions
Wilmington
Met. Area
Trenton
Met. Area
Southern Basin &
Coastal Area
New York City Met. .
Area Supplement
Bethlehem-Allentown &
Reading Met. Areas
Philadelphia
Met. Area
New York City
Met. Area
Upper Basin Area
U. S. Department of Commerce, Office of Business Economics
69-1-7
SUEVEY OF CURRENT BUSINESS
12
Table 1.—Total and Per Capita Personal Income, 1957
Total income
Amount Percent
(millions) of U. S.
United States _ _
Amount
(dollars)
Percent of
national
average
345, 272
100. 00
2,027
100
87,901
25.46
2,394
118
57, 295
16.59
2,600
128
39, 122
2,892
1,745
652
11.33
.84
.51
.19
2,800
2, 350
2,150
2, 575
138
116
106
127
9,991
1,098
888
907
2.89
.32
.26
.26
2,400
3,200
1,575
1,875
118
158
78
93
Mideast
Delaware River Service Area
Per capita income
._ _
New York City Metropolitan Area _
New York City Supplement
Bethlehem-Allentovrn-Reading Areas
Trenton Metropolitan Area
Philadelphia M etropolitan Area
Wilmington Metropolitan Area
Upper Basin Area
So. Basin and Coastal Area
Source: U. S. Department of Commerce, Office of Business Economics.
Also striking is the high degree of industrialization that
characterizes 5 of the subregions. In each of them manufacturing makes up from two-fifths to one-half of all civilian
earnings—a feature almost completely hidden in the overall
area totals by the less-than-average role in manufacturing in
the New York City Metropolitan Area.
SUMMARY OF MARKET GROWTH
Particularly important in market analysis or general
regional economic studies is an appraisal of shifts in the
geographic distribution of income. Such information is
essential in locating and measuring changes in consumer
markets. Moreover, income changes are the primary indicators of developing strengths and weaknesses in an area's
economy, either directly or in relation to the larger regional
or national scene.
Economic gains impressive
The central feature of economic change in the Delaware
Area over the past three decades has been tremendous
January 195!
expansion. From 1929 to 1957, population increased by j
million; average incomes more than doubled—rising fron
$1,136 to $2,600; and total income surged up from $19 billioi
to $57 billion.
While these impressive changes in personal income reflec
the large advance in prices over this period, gains in ret
terms have been quite substantial. After allowance for th<
increase in consumer prices, the purchasing power of income;
in the Delaware Area in 1957 was more than four-fifths ove
1929 in the aggregate. When account is taken of the larg<
population growth, which was a prime factor underlying th<
overall economic gain, real income per capita in the Delawar<
Area shows a rise of about one-third over the span since 1929
The strong economic growth in the DRSA since 1929 is
part of a national development. However, there wer(
factors at work that made for sizable differences in rates GJ
growth between the area and the Nation as well as among th(
individual subregions. These differences are portrayed in the
chart and in table 3.
The $38 billion income expansion in the Delaware Ares
from 1929 to 1957 is large. In relative terms it represents
a gain of 200 percent, a record that approximates that of the
Mideast region as a whole but one that falls short of the
300-percent expansion scored by the Nation.
In assaying the below-average rate of growth that has
characterized the economy of the Delaware Area over the
long term, two related facts should be taken into consideration. The DRSA is a highly developed region, forming one
of the largest concentrated markets in the world. Over the
past three decades the faster rates of economic growth have
occurred in the newer, less highly developed parts of the
country—mainly the South and West.
As noted, measures of income growth from 1929 to 1957
for individual subregions are listed in table 3. Relative
increases were largest in the Wilmington and Trenton subregions, where rates of expansion in aggregate income were
well above the national figure; the gains recorded for the
New York City Metropolitan Area, the Philadelphia Metropolitan Area, and the Upper Basin were least among the
subregions. In both the Southern Basin and Coastal Area
and the New York City Supplement, income expansion
approximated the nationwide rate, while in the BethlehemAllentown-Reading areas it was significantly less.
Table 2.—Sources of Personal Income in the Delaware River Service Area: Percent Distribution by Type and by Industry, 1957
Civilian earnings by industry
Total income by type
Less: PerTotal Wage Other Propri- Prop- Trans- sonal conerty fer pay- tributions All in- Farms
etors'
inand
labor
come salaries income income income ments for social dustries
insurance
United States
...
Delaware River Service Area
New York Metropolitan
Area
New York City Supplement _
Bethlehem - Allentown Reading Area
Trenton Metropolitan Area.
Philadelphia Metropolitan
Area
_ - Wilmington Metropolitan
Area
_ , Upper Basin Area
Southern Basin and Coastal
Aroa
100.0
68.3
2.6
12.5
12.4
6.2
1.9
100.0
5.2
1.8
6.7
31.1
19.4
4.7
8.2
11.8
10.8
0.3
5.6
1.9
100.0
.7
.3
5.7
32.5
20.9
6.7
8.6
14.8
9,6
.2
100.0
69.9
2.7
8.9
14.9
100 0
100.0
70 1
66.4
2.6
2.4
8.8
10.7
15.1
16.7
5.4
5.7
2.0
1.8
100.0
100.0
.2
1.9
.1
.1
5.2
8,0
29.7
38.3
22.4
16.2
7.8
3.7
9.0
6.2
16.0
14.4
9.5
10.8
.1
.4
100.0
100.0
69.7
72.6
3.5
3.1
8.3
8.4
14.0
11.7
6.2
6.0
1.8
1.8
100.0
100.0
2.3
.8
.3
.1
5.9
6.0
52.0
39.9
14.9
16.2
2.9
3.5
7.1
6.6
8.8
13.5
5.6
13.3
.3
.1
100.0
71.1
2.9
8.4
13.6
5.7
1.7
100.0
.8
.2
6.4
37.2
18.9
5.1
8.6
12.6
10.2
.2
100.0
100.0
1.2
5.9
51.8
31.0
12.9
15.0
3.3
2.9
6.4
8.2
9.7
13.2
6.0
9.7
A
7.1
8.5
6.2
100.0
6.6
.5
8.7
24.5
21.9
4.0
8.0
13.2
10.8
1.7
100.0
100.0
65.1
64.5
3.5
2.9
5.7
14.8
23.6
11.3
3. 6
8.7
1.4
2.1
100.0
64.9
2.4
15.0
10.9
8.5
1.8
1. Less than one-tenth of one percent.
Source: U.S. Department of Commerce, Office of Business Economics.
Transportation,
Contract Manucommuni- Serv- Govern- Other
Min- construc- factur- Trade Fiing
tion
ices
ment
ing
nance cations,
and public
utilities
0)
!s
January 1950
SURVEY OF CURRENT BUSINESS
13
Table 3.—Percent Increases in Selected Components of Personal Income in the Delaware River Service Area, 1929—57 1
Civilian earnings
Total
income
All industries
Farms
Mining
Contract Manuconfacturing
struction
Trade
Finance
Transportation,
communications,
utilities
Services
Government
Property
income
Other
1
!
United States ..
303
327
99
207
411
416
338
252
248
288
552
428
Delaware River Service Area
208
260
94
77
197
308
242
188
210
224
519 i
667
53
New York City Metropolitan Area
New York City Supplement
Bethlehem-Allentown-Reading Area
Trenton Metropolitan Area
194
290
253
356
246
387
271
416
131
100
94
100
318
200
0
99
146
612
315
175
278
476
312
541
239
326
239
363
179
361
310
533
210
223
181
414
219
319
265
393
533
505
295 i
462
1, 333
400
300
47
84
133
(2)
111
Philadelphia Metropolitan Area
Wilmington Metropolitan Area
Upper Basin Area
Southern Basin and Coastal Area
216
382
183
326
270
472
197
336
71
50
65
124
50
99
16
300
290
518
462
455
324
592
411
657
216
447
248
384
185
333
250
460
203
300
140
307
217
359
191
161
607 !
700 !
180 !
381
__.
750
(2)
500
300
130
42
201
56
120
1. Computed from data in table 4.
2. Data in base year insufficient for meaningful computation.
Source: U. S. Department of Commerce, Office of Business Economics.
Factors underlying income shifts
Much can be learned about the nature of the geographic
income shifts through study of changes in major components.
This examination is based on table 3, containing for the
individual subregions percentage increases by types of
income and by major industrial sources of the income received by individuals for participation in current production.
The main finding which emerges is a highly significant
one—that the changes by subregions in income components
(both by type and by industry) fall generally into the same
pattern as total income. That is to say, subregional shifts
in total income over the past three decades do not represent
the residual effect of a netting out of diverse economic forces.
Rather, the summary changes stemmed from industrial
developments that were pervasive throughout the regional
economies.
For the Delaware Area as a whole, conformity to pattern
by individual components w^as outstanding. However, the
impact of two sources was such as to merit special mention.
As already indicated, property income has been a major
factor in the Delaware Area's less-than-average income
growth since 1929. In that year, the combined total of
rents, dividends, and interest accounted for 30 percent of
all personal income in the area, a figure half again as large
as the comparable proportion for the Nation. From 1929
to 1957, income from investments little more than doubled
nationally while the flow of other income quadrupled.
Moreover, in the Delaware Area itself property income
expanded at a rate less than one-half that for the Nation.
The all-important manufacturing industry, on the other
hand, has been a strongly buoyant force on overall
income
growth. Over the past three decades, individuals7 earnings
in manufacturing in the Delaware Area have quadrupled
while income from all other sources has tripled.
Percent of total income received
in the Delaware Area from—
Manufacturing
earnings
1929
1957
_
__ _
Property
income
20
30
26
15
Since 1929, aggregate earnings of persons engaged in manufacturing have replaced property income as the largest
element in the personal income flow in the Delaware Area.
As shown by the following figures, the roles of invested
capital and the manufacturing industry in 1957 were the
reverse of those in 1929.
Because of the lessened importance in the Delaware Area
of what has been a relatively sluggish income source and because of the increased importance of one of the most expansionary income flows, it is reasonable to assume that these
two sources which currently account for two-fifths of all
personal income in the area will operate in the future to
reduce the gap that has existed between the rate of income
growth in the Delaware Area and in the Nation.
Industrial growth by subregions
Comparison of the income source patterns of the various
subregions as given in table 3 shows that the foregoing
description of developments in the overall Delaware Area
covers adequately the economic record of 4 of the 8 subregions. These include the three centering on the cities of
New York, Philadelphia, and Bethlehem-Allentown and
Reading as well as the Upper Basin Area.
In the Wilmington and Trenton subregions, where personal income rose most over the 1929-57 span, nearly all
major income sources moved up at rates exceeding those in
the country as a whole. As in the DRSA as a whole, however, property income expanded at a much slower rate than
other types of income, while the upsurge in manufacturing
provided the principal impetus to expansion.
The income experience of the New York City Supplement
and the Southern Basin and Coastal Area represents a substantial departure from general pattern. In both subregions,
most income sources bettered the national rate of growth
significantly, but in each the relative expansion hi total
income was held to average proportions by the smallness of
the rise in some one important area of the economy. In the
New York City Supplement the limiting factor was property
income; in the Southern Basin and Coastal Area, it was the
service industry. This latter factor reflects the high level at
which the amusement and recreational phases of the service
industry were operating in 1929—particularly in the resort
areas along the New Jersey coast.
SUEVEY OF CURRENT BUSINESS
14
January 1959
Table 4.—Personal Income by Type and by Industry in the Delaware
UNITED STATES
1940
1929
Personal Income
... ..
DELAWARE RIVER SERVICE AREA
1950
1955
1957
1940
1929
1955
1950
1957
85, 661
78, 522
225, 473
306,598
345, 272
18, 620
15, 762
38,373
51, 107
57, 295
50, 319
561
49, 656
687
145, 092
3,823
208, 039
7,136
235, 497
8,947
10, 706
123
10, 081
152
25, 910
716
35, 733
1,242
40, 021
1,526
14, 759
13, 010
36, 140
41, 421
43, 001
2,003
1,748
4,143
4,865
5,114
5,968
8,791
4,568
8,442
13, 285
22, 855
11, 767
29, 654
11, 598
31, 403
95
1,908
85
1,661
259
3,884
214
4,651
186
4,927
18, 666
1,496
12, 709
3,114
28, 308
14, 969
37, 690
17, 471
42, 964
21, 427
5,558
262
3,395
526
5,870
2,220
7,529
2,598
8,524
3,196
By Type
(millions of dollars)
Wages and salaries
Other labor income .. .. _ .
Proprietors' income .
Farm
Nonfann
_ __.
Property income
Transfer payments
_.
_.
._
-
-
__
-
_ . _
139
656
2,858
5,155
6,564
31
140
486
860
1,085
65, 380
62, 851
180, 945
249, 101
279, 398
12, 801
11, 935
30, 450
41, 246
46, 097
7,259
1,594
3,670
16, 820
12, 367
5,603
1,367
2,444
16, 320
12, 920
16, 020
3,567
10, 736
52, 870
37, 926
14, 487
4,224
16, 357
77, 221
49, 646
14, 450
4,892
18, 763
86, 831
54, 147
160
69
878
3,676
2,817
141
47
467
3,412
2,732
382
119
1,713
9,924
7,121
332
105
2,406
13, 400
8,741
310
122
2,607
14, 995
9,624
3,751
6,591
8,518
4,629
181
2,892
5,579
7,706
7,847
173
7,031
15, 167
20, 062
16, 999
567
11,361
20, 277
28, 335
26, 351
842
13, 200
22, 945
33, 034
30, 181
955
1,079
1,283
2,112
715
12
906
1,065
1,912
1,241
12
1,885
2,572
4,378
2,301
57
2,774
3,517
6,037
3,852
83
3,105
3,972
6,842
4,429
92
703
595
1,491
1,866
2,027
1,138
890
1,929
2,367
2,600
Less* Personal contributions for social insurance
Civilian earnings ]
By Industry
(millions of dollars)
Farms
Mining
Contract construction
Manufacturing
Wholesale and retail trade
- -
Finance insurance and real estate
Transportation communications, and public utilities
Services
--Government
- - - - -Other
-- --- - Per capita income (dollars)
TRENTON METROPOLITAN AREA
Personal Income
1950
1940
1929
PHILADELPHIA METROPOLITAN AREA
1940
1929
1957
1955
1950
1955
1957
143
145
436
577
652
3,161
2,580
6,612
8,995
9,991
91
1
98
1
313
9
420
16
474
20
1,846
19
1,692
24
4,481
126
6,428
235
7,109
286
14
16
39
52
55
304
284
713
807
838
1
14
1
15
4
36
3
49
2
53
22
282
19
265
50
663
44
763
37
801
36
2
27
4
51
30
66
33
76
39
954
42
506
95
900
472
1,192
475
1,354
574
2
6
10
12
4
21
80
142
170
106
115
359
485
547
2,166
1,993
5,212
7,247
8,025
4
33
218
88
38
8
131
703
481
32
4
73
691
424
81
9
333
1,932
1,117
72
10
485
2,689
1,382
65
12
511
2,981
1,518
16
32
62
61
19
36
74
73
1
143
227
318
116
2
114
164
278
212
2
234
447
646
404
9
359
616
885
734
15
407
687
1,007
820
17
2,308
2,575
1,001
806
1,796
2,183
2,400
By Type
(millions of dollars)
Wages and salaries
Other labor income
--
-
Proprietors' income
Farms
Nonfarm
Property income
Transfer payments
(2)
Less* Personal contributions for social insurance .
Civilian earnings 1
By Industry
(millions of dollars)
Farms
Mining
Contract construction
Manufacturing
Wholesale and retail trade
-
(2)
- --
-
-
Finance insurance, and real estate
_ _
Transportation, communications and public utilities
Services
-_ _ _ _ _ _
Government
Other
- - Per capita income (dollars)
(2)
2
12
34
19
(2)
3
7
15
13
3
7
15
19
(2)
776
6
2
6
41
21
730
(2>
(2)
20
163
60
9
22
41
37
1,890
1. Consists of the sum of wages and salaries, other labor income, and proprietors' income.
2. Less than $500,000.
Source: U. S. Department of Commerce, Office of Business Economics.
(2)
5
29
197
82
(2)
(2)
SUEVEY OF CUEEENT BUSINESS
January 1959
15
River Service Area and Subregions, Selected Years, 1929—57
1957
1955
1950
1940
1929
BETHLEHEM, ALLENTOWN, AND READING
AREA
NEW YORK CITY SUPPLEMENT
NEW YORK CITY METROPOLITAN AREA
1929
1957
1955
1950
1940
1929
1 1940
j
1957
1955
1950
13,324
11, 130
26, 465
34,915
39, 122
742
695
1,769
2,549
2,892
494
467
1,215
1,542
1,745
7,616
91
7,082
111
17, 988
488
24, 502
825
27, 425
1,004
385
3
423
5
1,149
29
1,694
54
1,921
68
323
3
329
5
820
27
1,069
48
1,216
61
1,448
1,224
2,747
3,249
3,438
81
74
216
285
308
56
52
132
144
146
10
63
33
183
28
257
26
282
13
44
11
40
28
104
24
120
20
126
105
8
71
16
165
84
216
90
245
109
12
1,436
13
1,210
46
2,701
37
3,212
37
3,401
11
70
4,008
185
2,450
366
4,166
1,419
5,226
1,717
5,910
2,114
262
11
178
21
299
98
424
132
482
165
605
769
1
6
22
40
52
1
4
14
25
31
385
977
1,255
1,416
23
103
343
9,140
8,394
21, 088
28, 328
31, 635
460
488
1,345
1,971
2,239
382
29
11
662
2,485
2,088
29
11
329
2,205
2,057
76
28
1,121
6,392
5,294
65
39
1,516
8,437
6,427
67
46
1,628
9,387
7,079
21
1
25
149
85
18
1
23
162
83
49
2
89
491
240
42
3
153
746
324
42
3
178
858
362
17
4
20
179
62
16
2
11
175
56
42
6
50
500
154
37
4
76
645
190
33
4
83
737
210
887
917
1,581
477
3
748
777
1,429
805
5
1,545
1,827
3,248
1,527
30
2,230
2,502
4,464
2,607
39
2,479
2,841
5,047
3,020
43
18
43
77
40
2
14
40
77
68
2
36
87
186
159
5
67
124
287
217
9
83
139
323
242
10
10
36
34
20
1
9
32
35
48
1
21
71
81
49
2
35
90
108
67
3
41
101
124
79
4
1,262
955
2,041
2,521
2,800
963
811
1,693
2,088
2,350
796
692
1,646
1,932
2,150
WILMINGTON METROPOLITAN AREA
1950
1940
1929
1957
1955
SOUTHERN BASIN AND COASTAL AREA
UPPER BASIN AREA
1929
1929
1957
1955
1950
1940
1957
1955
1950
1940
228
258
633
960
1,098
314
282
662
777
888
213
205
582
792
907
122
1
146
2
398
13
622
28
716
38
194
2
187
2
406
14
493
21
573
26
129
1
126
1
355
9
505
16
588
22
17
18
51
61
62
49
43
119
127
131
34
39
126
140
136
3
15
3
15
8
42
5
56
3
59
20
29
14
30
40
80
33
94
31
100
15
19
15
24
50
76
40
100
30
106
86
3
90
4
155
23
230
32
259
40
64
7
39
14
71
59
88
63
100
77
45
4
34
7
63
35
87
57
99
77
2
6
12
15
1
2
7
14
19
2
7
12
16
140
164
458
699
801
244
232
537
636
725
162
163
474
624
707
6
5
1
11
72
25
9
11
60
19
68
415
104
26
45
8
44
31
19
28
6
38
31
52
71
29
117
84
44
45
38
184
100
43
52
45
225
108
21
1
11
23
32
20
1
7
29
35
63
2
33
113
103
57
3
51
144
140
47
4
61
174
155
6
13
17
6
7
14
18
11
25
48
67
36
26
52
78
48
1
6
25
33
25
1
5
19
33
52
1
11
44
68
58
3
18
55
85
61
5
21
60
96
70
6
5
14
36
16
3
5
12
27
26
2
12
35
66
41
7
23
50
79
68
10
28
57
94
77
12
2,917
3,200
576
511
1,221
1,410
1,575
643
581
1,399
1,690
1,875
(2)
(2)
(2)
1,165
(2)
1,156
(2)
13
37
217
67
11
(2)
58
358
95
16
39
43
25
(2)
2,340
(2)
(2)
(2)
16
SURVEY OF CURRENT BUSINESS
January 19r>ff
Sources and Methods of Estimation
The preparation of special estimates of
personal income for the Delaware River
Service Area and its eight subregions was a
complex and technical job. Prior to undertaking this work for the Corps of Engineers,
official estimates of personal income on a
less-than-national basis were limited to those
for the individual States.
While our long experience in State income
work proved invaluable for the task at hand,
and the State income estimates themselves
provided a framework for the statistical procedure, the construction of income measures
for the Delaware Area project involved the
development of additional techniques and
the assembly of a great deal of special data
from a wide variety of sources.
The following summary of original data
and statistical methods used is intended as
an aid to the growing number of individuals
and organizations concerned with the estimation of income on a less-thaii-State basis.
This description, it is believed, will prove
pertinent in almost all cases since the predominant practice hi income work—and the
one used here—is to obtain local area income
estimates by breaking down the relevant
State-wide totals.
Main Statistical Approach
Delaware River Service Area
Subregions and Counties
New York City Metropolitan Area
NEW YORK
NEW JERSEY
5 N. Y. C. Boroughs
Nassau
Suffolk
Rockland
Westchester
NEW YORK
Bergen
Passaic
Essex
Hudson
Union
Middlesex
Morris
Somerset
New York City Supplement
CONNECTICUT
NEW JERSEY
Putnam
Orange
Dutchess
Fairfield
Monmouth
Bethlehem-Allentown and Reading Metropolitan Areas
PENNSYLVANIA
NEW JERSEY
Lehigh
Northampton
Berks
Warren
Hunterdon
Trenton Metropolitan Area—New Jersey
Mercer
Philadelphia Metropolitan Area
PENNSYLVANIA
NEW JERSEY
Bucks
Delaware
Camden
Estimates based on direct, comprehensive
data are generally more accurate than those
which rely on indirect allocators and the direct approach has been used wherever possible. It should not be overlooked, however,
that in numerous instances the State total oi
a component to be allocated has been derived
from the same basic data sources as the allocating series. In such cases, there is no essential difference in accuracy between the
State and local-area estimates.
The allocation procedure is carried out in
detail. Separate estimates are made for each
of more than 100 components, and total personal income is derived by summing the individual series. This particular approach
accomplishes three main purposes. It permits the maximum utilization of all available
sources of information and thus minimizee
errors that would stem from the estimation
of broad components on the basis of data
differing in scope or internal composition.
Secondly, the detailed method brings into
play the potent factor of "offsetting errors."
The tendency for errors in underlying components to compensate in the totals is a
phenomenon observed repeatedly in the field
of income estimation when a detailed, careful statistical procedure is followed.
Finally, a concomitant result of the use of
a detailed allocation method is that it yields
a considerable quantity of analytically useful information with regard to sources of
income in local areas.
Because of the central place occupied by
the State income estimates in this approach
to local-area estimation, reference is made to
our publication "Personal Income by States
Since 1929," a supplement to the SURVEY
OF CURRENT BUSINESS. 1 This bulletin provides a comprehensive discussion of concepts
and definitions in geographic income measurement, as well as detailed explanations of
the sources and methods used in preparing
estimates of personal income by States.
Also included, it may be noted, are full descriptions of such particular aspects of the
work as "allocation" and "interpolation"
and "extrapolation"—procedures referred
to frequently in the following discussion.
Montgomery
Philadelphia
Gloucester
A large body of economic information on
Chester
Burlington
metropolitan areas, cities, and counties is
available from government and business
Wilmington Metropolitan Area
sources. These data fall generally into one
NEW JERSEY
DELAWARE
of two classes. They are part of the factual
Salem
New Castle
array collected in the periodic industrial and
population censuses of the Federal GovernUpper Basin Area
ment; or they are byproducts of the adminNEW YORK
PENNSYLVANIA
istrative functions of some operating agency
Delaware
or organization—governmental or private.
Wayne
Pike
Sullivan
Monroe
Carbon
A major example of byproduct-type material
Ulster
is afforded by the tabulations made by State
Schuylkill
Unemployment Insurance (III) agencies of
Southern Basin and Coastal Area
wages and salaries disbursed in each county
NEW JERSEY
DELAWARE
of a State by employers hi industries covered
Ocean
Atlantic
Kent
by State IU laws.
Cape May
Cumberland
Sussex
Although the quantity of data relevant to
the measurement of personal income by
counties is large, two serious deficiencies
limit their usability for income estimation. Certain sizable gaps exist in data coverage.
County estimates not available
For example, information on county or other local-area distributions of dividends, interest,
Estimates of the various income components were made on a county basis to the extent
and rents is very sparse. Similarly, little direct information on the net income of self-empossible. Figures for the separate counties were then grouped into the eight subregions
ployed persons is available at the county level.
chosen for presenting the results. Although counties thus formed the basic "building
Secondly, and apart from gaps in coverage, such information on economic activities as is
blocks," estimates are not available for these units because of two factors.
recorded on a county basis is not done within the framework of a coordinated statistical
First, for a number of components, the most satisfactory data on which to base an estimate
program designed for income measurement. For the most part, reported statistical inforwere available for metropolitan areas or for groups of counties. In such instances, extension
mation is not directly or wholly suitable for this purpose and must be processed to adjust
of geographic detail to the county level was sacrificed in favor of greater accuracy in the overall
for differences in definition and scope. Local-area income measurement therefore becomes
estimates.
a twofold task: Assembling data from a multiplicity of sources and tfeon adapting them,
through estimation, hi a stop-by-step build up of aggregate income from component
Secondly, income estimates for individual counties are not shown because of the lack of
flows.
requisite data for making adjustments to take account of commuting of workers across
Several main aspects of the statistical approach used may be noted.
county Lines. Certain income components (wages and salaries, in particular) are measured
Relatively little use is made of income reports of individuals. Instead, reliance is placed
at the point of disbursement (place of work), while others (property income, for example)
on records of business and government which show disbursements made to persons. This
are estimated on a residence basis. Where workers reside in one county and work in another
approach, it is felt, makas for significantly greater accuracy.
personal income as estimated for those counties is partly on a "where received" and partly
The local-area estimates prepared in this study are tied directly to the Departr ->nt of
on a "where earned" basis. Data suitable to convert the aggregate wholly to one of the tWQ
Commerce official estimates of personal income by States. That is, the State total for
each income component as taken from the official State income series is broken down or
definitions are lacking. Accordingly, the commuter problem is "solved" by grouping
allocated to the various counties of the State in accordance with each county's proportionate
counties into geographic areas so that commuting across area lines is at a minimum. This
share of some related series available on a county basis.
solution precludes the publishing of meaningful estimates for individual counties.
This allocation procedure makes'for greater accuracy in the county estimates because
most components of personal income can be estimated more reliably for States than for smaller
1. "Personal Income by States Since 1929" is available from the Superintendent of Docugeographic areas. Also, it permits the utilization of numerous related series of data which
ments, Government Printing Office, Washington 25, D. C., or from Department of Comdo not "match" the basic series to be allocated in some respect such as definition or coverage.
merce Field Offices, at $1.50 a eopy.
SUEVEY OF CUEEENT BUSINESS
January 1950
Derivation of the Estimates
The summary of sources and methods that follows is organized in terms of the main components of personal income. These consist of wages and salaries, various types of supplementary earnings termed "other labor income," the net incomes of owners of unincorporated
businesses (including farms), property income (including net rental income, dividends, and
interest), and government and business "transfer payments" (consisting in general of disbursements to individuals for which no services are rendered currently, such as unemployment benefits, relief, and veterans' pensions).
Personal income is measured before deduction of income and other direct personal taxes,
but after deduction of individuals' contributions to social security, government retirement,
and other social insurance programs. It is a comprehensive measure which covers the
income received by residents of an area from business establishments, Federal and State
and local governments, households and institutions, and foreign countries.
Apart from the help which this exposition of sources and methods may afford to those
interested in preparing income estimates for local areas, it provides a means of assessing
reliability and of acquainting the users with the specific scope and content of individual
income components. It must be emphasized, however, that the description is necessarily
brief and has passed over many procedural details which will come up in the practical application of this methodology to local-area estimation.
Wage and Salary Disbursements
Estimates of wage and salary disbursements, which account for 70 percent of all personal
income, are more complete and reliable than those for any other major type of income. Because of their sizable weight in the total income flow, they impart a large measure of reliability to the estimates of aggregate income.
For the years since 1950, estimates of wages and salaries have been prepared for about 40
individual industries. For 1940 and 1929, the number of separate estimates was reduced to
15 because of the smaller amount of industrial detail that characterizes the source material
for earlier years.
In the following presentation, derivation of the payroll figures is discussed in two parts.
The first includes industries covered by State unemployment insurance programs. The
second relates to industries not covered by UI and for which other data sources were relied
upon.
**Corered" Wages and Salaries
The most important source of statistical information on payrolls for the past two decades
has been the data collected under State UI programs. The States of the Delaware Area
furnished county tabulations by detailed industries (approximately 75) of wage and salary
disbursements made by firms coming under their unemployment insurance laws. These
data formed the basis of the 1940, 1950, 1955, and 1957 payroll estimates for industries making
up 80 percent of all wages and salaries paid in the Delaware Area.2
The reporting systems that have developed under the State UI laws are comprehensive
and employ regular, compulsory data submission by employers. The accuracy and completeness of reported figures are enhanced further by the fact that each "covered" firm is
required to maintain a list of employees and their wages individually. Because of the nature
of the reporting systems, then, the UI data approach the ideal for income estimation, and
county wage and salary disbursements in industries based on these data are considered quite
reliable.
The figures as reported by the individual States do not constitute a complete measure of
total payrolls, mainly by reason of the fact that in New York, New Jersey, and Connecticut,
establishments with less than four employees are exempt from mandatory coverage.3 Satisfactory estimates of payrolls in these relatively small firms were derived from special tabulations of the Bureau of Old-Age and Survivors Insurance (BOASI) and added to the UI
figures.
In addition to this gap in social security coverage or tabulations, minor deficiencies exist
in all States. As an example, there is the problem of classifying both geographically (by
counties) and industrially payrolls left unallocated by UI.
Again, in order to obtain a complete measure for industries covered wholly or in large part
by the social security program, allowance must be made for certain elements in our definition
of "covered" industry payrolls which are outside the scope of the State unemployment
insurance laws. These elements include federally chartered credit unions, Federal Reserve
banks, national banks and State batiks that are members of the Federal Reserve System in
New Jersey, electric railways, carrier affiliates in the transportation industry, insurance
solicitors on commission basis, and employees' tips. In some instances, payrolls of these
industrial segments could be estimated by counties quite readily. In others, the task was
difficult and the results less satisfactory.
In the absence of State UI data prior to 1938, special methods of estimation were required to
extend "covered" wages and salaries from 1940 to 1929. These methods are set forth below in
summary fashion.
For wholesale and retail trade and for manufacturing, county estimates of wages and
salaries in 1940 were extrapolated to 1929 by changes in payroll disbursements reported in the
1929 and 1939 censuses covering these industrial sectors. The manufacturing data required
two types of adjustments. Some estimation was necessary to obtain figures for certain of
the less industrialized counties, for which separate data wTere not shown. In addition, only
selected components of factory payrolls were used in the county extrapolator as there is some
question regarding comparability of data reported by the Census of Manufactures for 1939
with those reported for earlier years.4
The availability of census data for trade and manufacturing on a county basis gives a
solid statistical basis to the county estimates of "covered" payrolls in 1929. Together these
two industries in that year accounted for about two-thirds of all "covered" payrolls and about
one-half of all wage and salary disbursements in the Delaware Area.
2. Data for Pennsylvania were available for only one quarter of each year; for Delaware
no UI county data were had for years prior to 1950.
3. Beginning in 1956, the UI programs in both New York and Connecticut cover establishments with three or more employees.
4. This question of comparability is discussed on pp. 79-80 of "Personal Income by States
Since 1929."
491311°—59
3
17
County payroll figures in 1940 for construction, transportation (excluding water and railroad), and the "covered" service industries were extended to 1929 by the product of persons
in the labor force in the corresponding industry and average wages in manufacturing and
trade. Numbers of persons were obtained from the 1930 and 1940 censuses of population;
average earnings were computed from the industrial censuses of 1939 and 1929. The group of
industries estimated in this manner comprised approximately one-fourth of "covered" payrolls in the Delaware Area in 1929.
The final two "covered" industries are mining and finance, insurance, and real estate.
The 1940 estimates for each of these were moved to 1929 by county data on the total number
of persons engaged in these industries in 1930 and 1940 as reported in the population censuses
for those years.
" Noncovered" Wages and Salaries
County estimates of wages and salaries were prepared for each industry, or type of employment, not covered by UI data. These include farms; Federal, State, and local governments;
railroads; private households; professional and related services (including medical and other
health services, nonprofit membership organizations, n. e. c., and educational services, n. e. c.);
water transportation; agricultural services; forestry and fisheries; and "rest of the world."
The formulation of estimates for each of these industries is covered in the subsequent sections.
Government.—Benchmark estimates of government wage and salary disbursements in each
Delaware Area county in 1950 were prepared from data in the census of population for that
year. A county allocator for total government payrolls in each of the five States in the area
was computed as the product of number of government employees by counties and their
estimated total income, taken to reflect differentials in average earnings.
The number of employees was reported for each State, county, and SMA by the census.
Estimated differentials in average earnings hi 1949 (assumed to be the same in relative terms
in 1950) for the State and each SMA were derived through calculation of arithmetic means
from census data showing the distribution of government employees by total-income size
classes.
Such income distributions were not available for counties. Accordingly, the combined
total for all counties not part of an SMA was derived by subtraction of the estimated SMA
figures from the State total. This residual was allocated in accordance with the number of
government workers in each county as reported in the census. Such a procedure assumes
equal average pay in the "non-SMA" counties.
The estimates derived in the foregoing manner for 1950 are quite satisfactory. Nearly 90
percent of total government payrolls in the Delaware Area in 1950 was based on reported
income data, while only about 10 percent rested on a distribution of a residual based on numbers of government workers.
The 1950 figures were extended to 1929 and 1940 by means of a specially constructed extrapolator, which represents the piecing together of information from numerous and diverse
sources. County distributions of wage and salary disbursements were derived for (1) Federal
Government agencies, (2) State government agencies, (3) county governments, (4) municipal
governments, and (5) special districts (concerned with functions such as school, sewage, or
transportation). In 1950, from one-half to two-thirds of the total extrapolating series was
based on reported payroll data hi each State except New York, where the percentage was even
higher. In 1940 the proportion varied between one-third and one-half; in 1929 there was, as
might be expected, a further reduction in the portion directly reported.
The chief sources on which the extrapolating series for 1929, 1940, and 1950 were based
include: (1) the 1950 Census of Population for all levels of government; (2) a report on Federal
Civilian Employment made to the Congress of the United States hi 1950 by the Joint Committee on Reduction of Nonessential Federal Expenditures; (3) the censuses of population for
1930 and 1940 which provided county distributions of the number of Federal postal employees,
who accounted for two-thirds of Federal pay in 1929; (4) county distributions of civilian employees of the Defense Department derived by extrapolation from 1950 by a county series on
military strength; (5) special county tabulations of State government employees from New
York State; (6) the census of governments for 1932 and 1942; and (7) numerous census reports
on city finances.
For 1955 and 1957, county distributions of Federal civilian payrolls were prepared from UI
data which became available with the extension of UI coverage to Federal employees in 1956.
Data relating to the first quarter of 1956 were used to allocate 1955 State totals, while UI data
covering all 4 quarters were available for 1957. County distributions of payrolls of county and
city governments and of school and other special districts were available for April of 1957 from
the census of governments for that year. These distributions were used to allocate the relevant
State totals in both 1955 and 1957.
For all States except New York, the 1950 county distribution of State government payrolls
was extended to later years on the basis of changes in population. State government wages
and salaries in NewYork were distributed among counties in 1955 in accordance with a county
distribution of employment in that year furnished by the State of New York. This 1955
distribution was extrapolated to 1956 by changes in population and the extrapolated series
used for 1957.
Direct data on military payroll disbursements are not available. Accordingly, county
estimates were derived largely on the basis of military strength.
For 1940, 1950, 1955, and 1957 military payrolls were allocated in two parts. State totals of
cash pay and pay in kind (clothing and food) received directly by military personnel were
distributed among counties in proportion to military strength. This strength series was
obtained for 1940 and 1950 from the censuses of population and from special reports of the
military services for 1955 and 1957. State totals of allotments of pay made by military personnel to their dependents were allocated to counties by the sum of civilian population and
military strength with each weighted equally—a formula based on State data. The small
amount of military pay in 1929 was distributed among counties in the same relative proportion
as estimated for 1940.
For 1940, it was necessary to allocate a special component of government payrolls not present
in any other year covered by this study—wages and salaries of persons on work-relief projects.
These were distributed in accordance with the numbers of persons on work relief in each
county as reported in the 1940 Census of Population.
SUEVEY OF CUBEENT BUSINESS
18
-Farms.—County wages and salaries in farming were measured by allocating the State
totals of farm wages, as estimated annually by the U. S. Department of Agriculture, according
to the county distributions of cash farm wages reported in the quinquennial censuses of agriculture, using the 1954 census for both 1955 and 1957. A sizable portion—about one-fifth—of
the State totals consisted of wages in kind. Our procedure assumes pay in kind to form the
same proportion of cash pay in each county.
Railroads.—For the period since 1950 county estimates of railroad wages and salaries are
regarded as quite reliable. This evaluation stems from the fact that the Associated Railroad
Organization of each State except that of Pennsylvania furnished a county tabulation of wages
and salai ies paid railroad employees in its State. These figures are based on employer reports.
In the absence of comparable information for Pennsylvania, county estimates of railroad
wages and salaries in that State were prepared in the manner similar to that described below
for the professional and related services industry.
County estimates in each State in 1929 (and 1940 for New Jersey) were derived by extending
the 1940 estimates (1950 for New Jersey) back by relative changes in the number of persons
employed in the railroad industry as reported in the censuses of population for 1930 and 1940.
Other private "noncovered" industries.—For the remaining "noncovered" industries in the
private sector, county estimates of wages and salaries were based largely on data from the
decennial censuses of population. Because the sources of data and methods of estimation are
common to all industries discussed in this section, the following description applies to the
derivation of county payroll disbursements in private households, medical and other health
services, nonprofit membership organizations, private educational services, water transportation, and forestry and fisheries.
For each of these industries, benchmark distributions of payrolls disbursed in each county
in 1950 were prepared. This was done by allocating the OBE State totals for individual
industries among counties in accordance with the pattern exhibited by preliminary estimates
based on information in the 1950 Census of Population.
The preliminary series for each industry was prepared as the product of the number of
private wage and salary workers in each county and estimates assumed to represent differentials in average earnings. The number of private employees in each State of the Delaware
Area and in each SMA of 100,000 or more population was tabulated directly from the 1950
Census of Population. For counties outside of SMA's, however, the employment figures in
noncovered industries reflected the total labor force and not simply private employees. This
county distribution was used to allocate the residual number of private wage earners calculated
as the difference between the total number in the State and the number in SMA's.
Differentials in average earnings of persons in each "noncovered" industry were obtained
from the 1950 Census of Population, through calculation of arithmetic means from data showing the distribution of persons by total-income size classes. Such averages could be computed
only for the State as a whole and for each SMA of 250,000 or more population. An estimate
of average earnings in the combined areas outside of SMA's was computed from the residual
yielded by the subtraction of SMA figures from State totals. This residual average was
applied to each county lying outside an SMA.
The benchmark estimates of wages and salaries in the various noncovered industries in 1950
were extended to 1955 and 1957 in one of three ways. Private household payrolls were moved
forward by changes in wages and salaries in personal services (a covered industry). Nonprofit
membership organizations were extrapolated by UI data which covered a substantial portion
of the industry. The remaining noncovered industries were extended by changes in
population.
The 1950 county estimates were moved back to 1940, industry by industry, by an extrapolating series derived as the product of number of private wage and salary workers and average
wages in some related "covered" industry. The derivation of the employment series for 1950
has been described; figures on employment in 1940 were obtained from the 1940 Census of
Population in a directly comparable manner. Average wages in 1940 and 1950 were computed
from the UI data for the industry selected as most relevant to the noncovered industry.
The 1940 figures for noncovered industries were extrapolated to 1929 by changes in the labor
force of the appropriate industry as reported in the 1930 and 1940 censuses of population.
Miscellaneous Industries
This last category of wages and salaries consists of two industries: agricultural and similar
service establishments and "rest of the world." No data satisfactory for estimating their
distributions by counties are available, but they are minor quantitatively. Together the two
totaled only $31 million in 1957, or one-tenth of 1 percent of all wage and salary disbursements
in the Delaware Service Area.
Payrolls disbursed by agricultural services establishments were allocated among counties
of the Delaware Area in proportion to the distribution of the net income of farm operators
(described below).
The "rest of the world" component of wages and salaries represents payments received by
United States residents in this country from international organizations (such as U. N.) and
foreign governments. All of this item in the Delaware Area was assigned to the New York
City Metropolitan Area.
Proprietors' Income
Proprietors' income measures the net business earnings of owners of unincorporated enterprises. Farmers, independent professional practitioners (such as physicians, dentists, and
lawyers), entrepreneurs in nonfarm business, and others in a self-employment status are
included in the scope of proprietors' income.
Measurement of this aggregate is considerably more difficult (and less accurate) than is
that of wages and salaries, because little direct information is available on proprietors' incomes
by State or local areas. Such data as do exist are those contained in the 1950 Census of Population—the first census to provide information along this line. These data serve as the principal base of a series that is believed to furnish an approximation of the comparative importance of noncorporate business income in the various county or subarea totals. Estimates
for years other than 1950 are based largely on indirect information and their accuracy is probably less than that of the benchmark distribution.
Two broad segments of proprietors' income may be differentiated with respect to source
material and methods used—nonfarm proprietors' income and net farm income.
January 1959
Nonfarm Proprietors' Income
County estimates of nonfarm proprietors' income were derived in two steps. First, baseyear distributions measuring net income in all nonfarm industries combined were prepared
for 1929 and for 1950. That for the latter year was based on data collected in the 1950 Census
of Population. The county distribution for 1929 was constructed from tabulations of Federal
individual income tax returns filed in 1934. The 1950 benchmark was extended to 1940, 1955,
and 1957 by an extrapolating series prepared as the sum of separate estimates for each of 12
industries.
The 1950 benchmark—A. county distribution of nonfarm proprietors' income in 1950 was
obtained by allocating the total for each State in accordance with the distribution of county
estimates constructed from the 1950 Census of Population.
This distributing series was derived by first computing aggregate income of all proprietors
(farm and nonfarm) for the States, each standard metropolitan area, and all other counties
combined—the last computed simply as the difference between the State total and that of
all SMA's within it. Farm proprietors' income, estimated in a manner paralleling that for
all proprietors' income, was deducted from the all-proprietors' series. The subtraction
yielded estimates of nonfarm proprietors' income for each State, each SMA, and for all nonSMA counties combined. The total for counties lying outside SMA's was divided among
individual counties in accordance with a relative distribution of the number of non-farm
proprietors (total self-employed minus farmers) in each county with numbers weighted by
average wages and salaries of employees in the trade and service industries.
The procedure used to allocate the residual nonfarm proprietors' income to counties not in
an SMA was used also to separate individual counties within an SMA when necessary.
For the Deleware Area as a whole, self-employment income of nonfarm proprietors living
in SMA's, for which the estimates are most adequate, accounted for five-sixths of the total.
The 1929 benchmark.—The county estimates of nonfarm entrepreneurial income for 1929
are weak. They were prepared by distributing State totals by adjusted county tabulations
of proprietors' income reported by individuals on Federal income tax returns for 1934.
Amounts of farm income deducted from these Internal Revenue figures were derived by distributing an estimated total for each State according to the county estimates of net farm
income (described below).
The extrapolating series.—County estimates of the income of noncorporate nonfarm businesses in 1940 were obtained by extending the 1950 benchmark by a series representing the
product of number of proprietors and average wages of employees. The initial benchmark
was carried forward to 1955 and 1957 in accordance with rough estimates of changes in the
volume of activity in firms of a comparatively small size.
The 1940-50 extrapolator was the product of number of nonfarm self-employed persons and
average wages in each major industrial division. The number of self-employed persons in
each industry was tabulated directly from the 1950 and 1940 censuses of population for the
State and for standard metropolitan areas (large cities in 1940). The number of self-employed in each industry for all counties outside of SMA's was computed as a residual. This
area figure was allocated to the constituent counties by the relative distribution of the total
labor force in the particular industry.
Average wages in each industry were calculated for individual counties from UI wage and
employment figures assembled in the preparation of estimates of covered payrolls, or from
wage and employment data in County Business Patterns, a joint publication of the Department of Commerce and the Department of Health, Education, and Welfare. The industry
figures prepared in the above manner were summed for each county and the total used to
extend the 1950 estimates of proprietors' income to 1940.
The 1950 extrapolating series was extended to 1956, industry by industry, on the basis of
changes in a county series derived as the product of employment in small firms (those with
less than 4 employees) and average wages of all firms in each industry in the first quarter of
1951 and 1956. Requisite data were from County Business Patterns. The resulting county
estimates in each industry were then adjusted proportionately to equal the independently
estimated State totals of proprietors' income first in 1955 and then 1957. Total nonfarm
proprietors' income in 1955 and 1957 derived as the sum of the individual industry estimates
and the comparable series for 1950 were then used to extend the 1950 benchmark estimates
to the latter 2 years.
Farm Proprietors' Income
Local area estimates of the net income of farm proprietors are equal to (and derived statistically as) the gross income of farmers minus their total expenses of production.
As in the case of nonfarm proprietors' income, the central feature of the farm income estimating procedure is the allocation of independent State totals to counties by means of the
most relevant information available. The principal source of local data on farm businesses is
the quinquennial censuses of agriculture, with the 1954 census data used for both 1955 and
1957. While the farm income estimates are subject to a wide margin of error, the effect of this
on the personal income totals is slight throughout most of the Delaware Area because of the
comparative unimportance of agriculture as a source of income.
State totals of the following five components of gross farm income were allocated to counties
by data from the Census of Agriculture: (1) Cash receipts from farm marketings plus (2) the
value (positive or negative) of the change in inventories of crops and livestock; (3) payments
to farmers by Government; (4) the value of food and fuel produced and consumed on farms;
and (5) the gross rental value of farm dwellings.
Similarly, the State totals of 40 items of farm production expense were allocated to counties
primarily on the basis of census data. Detailed items fall generally under one of the following
classes of production expense: purchases of livestock, labor, lime and fertilizer, and feed;
depreciation of buildings, machinery, and equipment; operation of motor vehicles; payments
of taxes, interest, and rents; and other miscellaneous expenses.
For a few income and expense items the county data reported in the censuses were satisfactory, but for most, indirect allocators were used. An example is the allocation of building
depreciation in each of several years by the values of all farm buildings in a single year.
For other items little or no county data were available. In this class are expenses such as
the value of inventory change or the cost of operating motor vehicles. In neither case are any
direct data available, hence the State total of the value of inventory change was allocated
along with farm marketings while the number of motor vehicles on farms served to apportion,
the cost of operating such farm machinery.
SURVEY OF CURRENT BUSINESS
January 1059
19
Property Income
Other Components
Property income consists of dividends, personal interest income, and rental income of persons. In 1957, as noted, they accounted for approximately 15 percent of the personal income
flow in the Delaware Area.
Paucity of county data on property income flows constitutes a particularly acute problem
in the field of local-area income estimation. This situation almost always requires the use
.if indirect methods of estimation and results in comparatively weak—probably the weakest
of the major components—estimates of rents, dividends, and interests for small areas.
This generalization holds true for the estimates of property income made for the Delaware
River Area with one important exception. The county estimates of dividends and interest
in the New York State portions of the overall area for 1950,1955, and 1957 were based on special
county tabulations of State income tax returns prepared by the New York State Department
of Taxation and Finance. These tabulations proved a valuable acquisition even though it
was recognized that they were subject to sampling errors in compilation and to potential
errors of underreporting.
County estimates of property income were derived as the sum of separate estimates for the
following components: dividends and private monetary interest combined, government
interest, imputed rents, and all other property income (the last consisting of monetary rents
and imputed interest).
This final section describes how the estimates for the three remaining components of personal income wTere made. These include: "other" labor income, transfer payments, and
personal contributions for social insurance. The last is treated as a "negative" component
since it is excluded from personal income.
Dividends and Interest
Special tabulations of dividends and interest received by residents of the various counties
in New Y ork State in 1949 and 1954 were obtained as noted above. These preliminary county
figures were used to distribute the independently estimated State totals of dividend and
(private monetary) interest receipts in 1950 and 1955 to the individual counties of New York
State. The 1955 distribution was used to allocate the State total in 1957.
County estimates of dividends and interest were prepared for other States of the area from
a regression equation based on the relationships between personal income excluding property
income and dividends and interest receipts in New York counties.
Estimates for 1929 were prepared by allocating the State totals of private monetary interest
and dividends according to the amounts of these items reported by residents of each county
on their 1934 Federal income tax returns. County estimates for 1940 were derived by interpolation between the 1929 and 1950 figures on the basis of population.
Government interest payments to persons in 1950,1955, and 1957 were allocated to counties
in proportion to sales of series E or of series E and H bonds. County bond sales data were
supplied by the Treasury Department. Estimates for 1950 were extrapolated to 1929 and to
1940 by population.
Imputed Property Income
Imputed rent measures the net income accruing to nonfarm residents in their capacity as
homeowners. It equals the gross rental value of owner-occupied nonfarm houses less the
actual expenses incurred in home ownership. A similar imputation for farm dwellings is
included in the estimates of farm income.
County estimates of imputed net rent were prepared by allocating State totals by the
market value of owner-occupied nonfarm homes as computed from census of housing reports.
Estimated market value was prepared for 1930, 1940, and 1950 by multiplying the number
of owner-occupied nonfarm homes in each county by average value. Both numbers of
houses and average values were taken from censuses of housing, with certain adjustments
made to secure comparability. Figures for 1950 were extended to 1955 and 1957 by changes
in personal income excluding property income.
In the absence of information reflecting the amounts of imputed interest accruing to
residents of the various counties, State totals of this item were allocated by all other property
income flows combined. A similar procedure was followed for monetary rents. It should
be noted, however, that although imputed interest and monetary rents make up one-fourth
of all property income in the Delaware Service Area, they account for less than 5 percent of
the total income flow.
Other Labor Income
This category consists of supplementary types of labor income paid out or accruing to
persons in the current period. These comprise employer contributions to private pension,
health, and welfare funds; compensation for injuries; pay of military reservists; and a number
of minor items consisting of directors' fees, jury and witness fees, compensation of prison
inmates, and marriage fees to justices of the peace. Other labor income formed only 2 percent
of personal income in the Delaware Area in 1957.
Employer contributions to private pension, health, and welfare funds are measured on
a county basis according to the residence of employees for whom they have been made. Given
a lack of direct data, they have been estimated in the county series by allocating State totals
on the basis of payrolls. Because the ratio of employer contributions to wages and salaries
differs widely by industries, this allocation has been carried out in considerable industry
detail. A similar procedure was utilized for estimating compensation for injuries arid
directors' fees.
The remaining items of other labor income together account for less than one-tenth of the
total. They have been apportioned to the counties in terms of total, civilian, or veteran
population, according to the most appropriate available series.
Transfer Payments
Transfer payments consist in general of disbursements made to individuals by government
or business for which no services are rendered currently.
As noted, major examples of
government transfers include unemployment benefits and relief payments. A principal
category of business transfers consists of corporate gifts to nonprofit institutions (in personal
income, nonprofit institutions are treated as persons).
The estimates of total transfer payments represent the summation of approximately 45
separate series. Some were obtained through a process of detailed data collection. Others
were estimated by means of allocators which vary considerably, both in directness and
relevancy.
Currently, directly reported data underlie the estimates of individual items that in combination account for a little more than half of total transfers nationally, although the proportion varies by areas. In general, these estimates are based on reports of disbursements
obtained from the fiscal records of administering government agencies. Included here are
benefits from such programs as old-age and survivors' insurance, State unemployment insurance, and various welfare and relief programs. Moreover, good indirect allocators were
available for large segments of the remaining transfers. An example is afforded by the county
distributions of veterans of World War II which were used to apportion certain of the veterans'
payments. Transfer payments for which the statistical basis is weak comprise only a small
part of total transfers and an almost negligible fraction of total personal income.
Personal Contributions for Social Insurance
Contributions made by individuals under the various social insurance programs are excluded from personal income by handling them as an explicit deduction item. Payments
by both employees and self-employed are included in the series.
The employee portion covers contributions for old-age and survivors' insurance, State unemployment insurance, railroad retirement insurance, cash sickness compensation, and
Federal and State and local public employee retirement systems, as well as premium payments for government life insurance. Contributions of the self-employed relate to old-age
and survivors' insurance.
As no direct data on individuals' contributions for social insurance are available, the general
procedure was to allocate State totals to the counties on the basis of payrolls or proprietors'
income in the relevant category of employment. For the Government life insurance programs a specially weighted total of civilian population and military strength was used as the
county allocator.
by Samuel Pizer and Frederick Cutler
U. S. Industry Expands Productive
Capacity of Foreign Countries
i
N THE postwar years United States firms have increased
their direct foreign investments by some $20 billion, nearly
three times as much as the value of such investments at the
end of 1946. These investments flowing into productive
facilities of all kinds have contributed significantly to
foreign economic development, and at the same time have
helped to expand markets for United States exports and to
provide a large share of the essential imports required by
the American economy.
The full scope of foreign investment activity is much
reater than indicated by the flow of funds from the United
tates, since these firms utilize for investment and other
business purposes the large volume of funds generated
internally by the foreign branches and subsidiaries in their
day-to-day business, as well as funds secured from capital
markets and other external sources in the countries where
they operate. To measure all of these investment activities,
the Office of Business Economics has initiated an annual
survey of the sources and uses of funds of the foreign sub-
f
U. S. Direct Foreign Investments
Sources and Uses of Funds, 1957
Billion Dollars
6
4
—
sidiaries and branches of United States companies. This
article summarizes the results of the first survey.
Standing out in the results is the fact that the foreign
enterprises covered, representing about four-fifths of the
total for all United States direct foreign investments, had
aggregate funds available for use in operations in 1957 of
$6^ billion. Net income of the enterprises was $2% billion,
just over two-fifths of the total available, and of this, $1.7
billion was paid out as dividends and profits, leaving $1.1
billion of earnings retained for use abroad.
In addition to retained earnings, about $1.3 billion of
net financing was provided from the United States in 1957.
About $1.1 billion was obtained from net foreign financing,
representing amounts obtained from capital markets and
creditors in countries where the enterprises operated and, to
some extent, financing obtained from other foreign countries.
Depreciation charges on the fixed assets of the foreign concerns and miscellaneous sources yielded $1.3 billion. Of the
total of $6K billion available, therefore, $4.8 billion was disposed of abroad, largely for property, plant and equipment.
While 1957 was a record year for direct-investment capital
flows from the United States, it was typical insofar as it
showed the importance of the reinvestment of funds generated by the enterprises in their operations abroad. Utilizing these funds, together with capital flows from the United
States, American companies are providing a substantial
share of industrial capital expansion in many countries.
New data on investment and financing
Data collected in this survey for the calendar year 1957
provide numerous new insights into the operations of direct
foreign investment enterprises, especially with respect to the
availability of funds generated as depreciation charges or
obtained from foreign sources, and the expenditure of funds
for property, plant and equipment, inventories or other
purposes. Such information is related to, but broader than,
the data collected on a quarterly basis for use in our regular
balance-of-payments accounts.
As the survey of financial flows is carried forward annually
in the future, it will provide data on changes in the magnitude
and composition of these flows which will supplement the
data on the net private capital movement from the United
States, and provide a better basis for understanding the participation of these enterprises in economic developments in
the United States and abroad.
In particular, plant and equipment expenditures and
changes in inventories of United States controlled foreign
enterprises are much more satisfactory measures of their
—
PROPERTY,
PLANT, AND
• EQUIPMENT
SOURCES
USES
Note.- Data for reporting companies only
U. S. Department of Commerce, Office of Business Economics
20
59-1-9
NOTE.—MR. PIZER AND MR. CUTLER ARE MEMBERS OF THE BALANCE
OF PAYMENTS DIVISION, OFFICE OF BUSINESS ECONOMICS.
January
1959
SURVEY OF CURRENT BUSINESS
investment activity than the series on net capital flows, and
will therefore tie in more closely with similar data on capital
formation available here and hi foreign countries.
A number of new terms and methodological procedures
used in developing these statistics are discussed in the techaical note at the end of this report. The data presented
are based on a sample of relatively large companies, covering
about four-fifths of the earnings of all direct foreign investments in the industries covered. Although the degree of
coverage is reasonably uniform in the major area-industry
groupings, there are some important variations, as shown in
the technical note. These data have not been expanded into
estimates of the totals for all such direct-investment enterprises, pending the availability of the complete data collected
as part of the Survey of American Business Investments in
Foreign Countries, which is now in progress.
SOURCES OF FUNDS UTILIZED
Funds available to foreign subsidiaries and branches of
United States companies are derived from four principal
sources: net income, depreciation and other cash charges
against income, United States parent companies or other
United States sources, and foreign creditors or stockholders.
Total funds derived from these sources by the reporting
companies amounted to $6% billion in 1957.
Net income is the largest source of funds of the foreign
investment enterprises, aggregating $2% billion, or two-fifths
of the total covered in this survey. After deducting remitted
dividends and profits of the enterprises, amounting to $1.7
billion, about $1.1 billion was available for use abroad.
This is larger than the balance-of-payments series for undistributed profits of the same group of companies, since about
$185 million of branch profits were reported in the new series
as retained abroad, while the balance-of-payments series
covers only the undistributed profits of foreign subsidiaries.
The present series also includes the equity of foreign stockholders in undistributed profits.
The difference in the data on retained earnings is primarily
in the petroleum industry, where branch organizations are
most important. In the new series retained earnings of this
industry as shown are considerably larger than those of
manufacturing enterprises, which lead when undistributed
subsidiary profits are considered alone.
debt financing aggregated about $1 billion in 1957, representing mainly current accounts payable and accrued liabilities
such as those for taxes and employee benefit funds. Equity
financing from foreign sources amounted to about $100
million, and was sizable only for a few companies in Canada
and Latin America. However, the sample companies did
not include a number of newly organized European enterprises in which there was foreign equity participation.
Although there is no necessary or traceable connection
between specific sources and uses of funds, the data indicate
that the substantial amounts of foreign financing utilized
in the various industries were similar in amount to the overall
net increases in inventories and current receivables reported
by each of these industries, but there is much variation among
areas. In Latin America the need for funds for these purposes
appeared to exceed the amounts of foreign financing available, except for public utilities. In Canada and Europe
foreign financing generally exceeded requirements for workingcapital. Foreign financing for the petroleum industry in
"other areas" includes a considerable amount of financing
from affiliated companies operating elsewhere abroad.
The survey data indicate that, in general, the companies
tend to utilize local financing to finance local-currency
requirements, especially for working capital, although in
some areas their ability to do this is limited by the meagerness of local capital sources and the resulting high interest
rates.
Depreciation and depletion charges are the largest internal
source of funds of the controlled foreign enterprises, totaling
$1.2 billion for the sample covered in this survey. HowTable 1.—Pattern of Financing U. S. Direct Foreign Investments,
1957
[Percent distribution]
Canada
Latin
American Republics
Europe
37
25
11
40
31
12
35
15
28
By Area
All
areas
Other
areas
Sources of Funds:
Net income.
Net U. S. financing i _ _ _
Net foreign
financing
__
Depreciation and depletion 2
Total
42
20
17
59
o
24
27
17
22
19
21
100
100
100
100
100
73
7
54
9
54
15
35
8
55
10
Uses of Funds:
Property, plant, and equipment . __
Inventories
Current receivables
Other assets
Income paid out
_. ._ _
Flow of funds from United States
Funds provided to the foreign enterprises by their United
States parents were a little over $1 billion in 1957, and an
additional amount of about $280 million came from nonafhliated United States sources. Use of parent company
financing varied greatly among areas and industries, accounting for over 30 percent of the total for Latin America, but
only about 7 percent for other areas combined. This distribution results largely from the relatively high ratio of 18 percent
for the petroleum industry which is most important in Latin
America, while the ratio for other industries combined was
about 12 percent.
Funds from nonaffiliated United States residents were
significant only for the Canadian petroleum and manufacturing enterprises, many of which have a large part of their
equity securities and long-term debt distributed widely in
the United States.
While the data collected for balance-of-payments purposes
have provided measures of retained earnings and net capital
outflows from the United States, the new series shows that
nearly 40 percent of the total funds available are derived
from foreign financing and depreciation charges. Foreign
21
Total
By Industry
-2
3
19
7
6
24
100
100
Mining
and
smelting
Petroleum
11
20
9
7
41
6
4
25
100
100
100
(3)
Manufacturing
Otherindustries 4
All
industries
Sources of Funds:
Net income _ _
Net U. S. financing l
Net foreign
financing
. _ _ __
Depreciation and depletion 2
Total
50
19
7
42
21
18
100
42
20
17
43
12
23
19
40
19
17
24
22
21
100
100
100
100
59
7
52
9
60
12
51
12
55
10
8
26
7
4
28
100
100
24
Uses of Funds:
Property, plant, and equipment _ _ _
Inventories
Current receivables
Other assets
Income paid out
Total
1.
2.
3.
4.
4
2
22
100
Includes funds from parent companies and nonamliated U. S. residents.
Includes a minor amount for other sources.
Less than H of 1 percent.
Agriculture, public utilities, and trade.
NOTE.—Based on reports of sample companies.
Source: U. S. Department of Commerce, Office of Business Economics.
10
20
6
4
25
100
100
SUEVEY OF CURRENT BUSINESS
22
ever, these charges provide only about one-quarter of total
sources of funds (net of income distributions) for foreign
enterprises against a proportion of nearly 50 percent for
domestic corporations
in 1957, and about one-third for the
1950-57 period.1 This difference could result from a number
of factors, such as markedly different depreciation rates,
or the ability of the foreign enterprises to draw on parent
company funds, but further studies of the balance sheets of
the foreign enterprises and data for a longer period will be
necessary in order to determine the factors involved. As in
the case of domestic corporate financing, however, this source
of funds is of growing importance.
About half of the depreciation charges reported in this
survey originate in the petroleum industry, although they
account for a larger proportion of total sources of funds for
other industries covered. Manufacturing operations abroad
are not so completely covered as the petroleum industry in
U. S. Direct Foreign Investments
Plant and Equipment Expenditures, 1957
Million Dollars
1,500
-
[film other Industries
I """I Mining & Smelting
j'.'
| Manufacturing
Petroleum
1,000 -
January 195!
low, probably reflecting the lowered dollar equivalent o
foreign-currency depreciation charges as well as a relatively
low proportion of fixed capital.
Depletion charges, reported as carried on the books o
the foreign enterprises, were about $50 million in 1957
nearly all in the petroleum industry. This amount, how
ever, is not comparable to the amount allowable for ta:
purposes in the United States.
Comparison with domestic corporations
In order to gain some perspective on the magnitudes anc
relationships of the various sources of funds available tc
direct foreign investments, they may be compared with
similar data for United States corporations. For the foreign
enterprises covered in this survey, total funds available, aftei
deducting income remittances, were $4.9 billion in 1957
which is equal to about 12 percent of the total sources oJ
funds for United States corporations. For manufacturing
and mining alone (including petroleum activities), the
proportion was about 20 percent for 1957.
Domestic corporations derived 70 percent of their funds
from internal sources (retained profits and depreciation) in
1957, and most of the remainder from increased long-term
debt. The foreign enterprises derived about half their
funds from such internal sources, but if funds from the
parent company are regarded as coming from an internal
source the proportion rises to about three quarters. From
the point of view of the parent companies, funds they provide
to the foreign enterprises are very largely generated from
internal sources; from the point of view of the foreign enterprise and the host country they would be considered external.
PURPOSES OF FUNDS USED
500 -
LATIN
AMERICA
CANADA
EUROPE
OTHER
Note.- Data for reporting companies only
U. S. Department of Commerce, Office of Business Economics
5 9 - ! - 10
this survey, and it is likely that for manufacturing in particular the data given here substantially understate the
magnitude of depreciation charges.
For the petroleum industry, depreciation charges were high
relative to the book value of investment at the end of 1957
in Western Europe, where refineries and other fixed assets
form a large part of the total investment, and were somewhat lower in the areas where other operations of the industry predominate. Depreciation charges in the manufacturing industry were also high relative to the book value of
investment in Europe, probably reflecting the fact that
enterprises in this area require more plant and equipment
than in those areas where the manufacturing activity is
largely assembling or packaging. Conversely, depreciation
charges for manufacturing in Latin America were relatively
1. See SURVEY OF CURRENT BUSINESS, October 1958—p. 18.
About three-quarters of the funds available to the foreign
enterprises (after income distributions) w^ere used in 1957 to
acquire property, plant, and equipment. This proportion
appears to be close to that for domestic corporations.
About $3.2 billion of the reported foreign capital expenditures originate in the mining, manufacturing, and petroleum
industries, compared with a total of $17 billion for domestic
plant and equipment expenditures in the manufacturing and
mining industries (including petroleum) in 1957. Thus,
these data clearly indicate that a significant share of the
overall expansion of productive facilities by United States
industry in 1957 was in foreigh operations. Similar data for
Canada show that companies covered in this survey account
for roughly half of all mining and manufacturing capital
expenditures in that country.
Petroleum expenditures large
The petroleum industry reported foreign plant and equipment expenditures of $2 billion in 1957, not including $350
million of exploration and development expenditures charged
against income. Over $800 million was expended in Latin
America, including more than $600 million in Venezuela
and a substantial amount in Peru. This total was unusually
high in 1957 because of special payments of about $325
million for new leases in Venezuela.
Capital outlays by the petroleum enterprises in Canada
were nearly $600 million, with pipeline construction accounting for a major portion. Exploration and development
in Canada required a further expenditure of $140 million
charged against income. In Europe, this industry's plant
SURVEY OF CURRENT BUSINESS
January 1950
23
scale of operations and to some degree inflationary developments in many of these countries.
In Canada, the reduction in the level of business activity
which began about mid-1957 was reflected in the comparatively small accumulation of inventories by companies
reporting in the survey, and a net reduction of current
receivables, largely by the manufacturing companies. The
substantial growth of current assets in Europe in 1957 was
related to generally satisfactory business conditions.
and equipment expenditures were sizable in the United
Kingdom, France, and Germany.
Plant and equipment expenditures abroad by manufacturing enterprises controlled in the United States were
reported by the sample companies at nearly $900 million
in 1957, and the total for all such companies would be well
over $1 billion.
Nearly half of this was in Canada and about 40 percent in
Europe, mainly in the United Kingdom. In both of these
areas the total outlay for manufacturing plant and equipment was substantially larger in 1957 than indicated by the
data for net capital flows from the United States and undistributed earnings. The situation was quite different in
Latin America, however, where parent company funds are
used to a greater extent to provide working capital. Capital
expenditures for manufacturing in Brazil made up nearly
half of the total for this area.
Although plant and equipment expenditures reported by
other industries were comparatively small, they show
capital investment to be considerably higher than suggested
by the less complete figures previously available.
Additions to working capital in the form of inventories
and current accounts receivable absorbed about $1 billion
of the funds available to foreign subsidiaries and branches in
1957. As noted above, the necessary funds were probably
obtained largely within foreign countries.
Expansion of both inventories and current receivables was
large in Latin America, and occurred in several industries.
The increase in petroleum inventories probably reflected an
imbalance between productive capacity and export demand
after the Suez crisis. Increases in receivables in the manufacturing and distribution industries reflected their growing
Remittances of income
Dividends and remitted branch profits amounted to $1.7
billion for the companies covered, representing about 60
percent of their net earnings. The proportion of earnings
paid out was about the same as that for domestic corporations in 1957, although the domestic ratio was unusually
high in that year.
Income paid out by the petroleum industry accounted for
65 percent of total remittances, and manufacturing for nearly
20 percent. The relatively high ratio of income paid out to
total income of the petroleum industry resulted in part from
the prevalence of branch organizations; some of the remitted
branch profits were soon reinvested abroad and were recorded at that time as net funds from the parent. Nevertheless, the total of about $540 million of earnings reported as
retained abroad by the petroleum industry was much larger
than the amount for any other industry.
When compared with overall uses of funds by the foreign
enterprises, the remittance of earnings, although large, represents only about one-quarter of the total. Funds used for
income remittances were less than half the amount spent for
new fixed assets, and not much higher than the amounts
Table 2.—Sources and Uses of Funds of U. S. Direct Foreign Investments in 1957, by Area and Industry
[Millions of dollars]
Sources of funds
Addendum
Uses of funds
Areas and industries
Total
sources
Net
income
Net
U. S.
financing
Net
foreign
financing
Depreciation and
depletion
Other
Total
uses
Property,
plant,
and
equipment
Inventories
Current
receivables
Income
paid out
Other
assets
Exploration and
development
expenditures i
6,521
2,750
1,295
1,122
1,236
119
6,521
3,565
625
391
283
1,658
361
Mining and smelting
Petroleum Manufacturing
Trade
Agriculture and public utilities
547
3,872
1,464
321
317
272
1,615
589
167
107
102
837
276
23
56
38
697
242
74
71
130
640
344
56
67
4
83
14
1
16
547
3,872
1,464
321
317
323
2,035
879
139
189
38
345
168
57
17
1
263
61
50
16
46
158
36
18
25
139
1,071
320
57
71
9
352
Canada, total _ _
__
__
Mining and smelting
Petroleum
Manufacturing _._ _
_ _ _
Trade
Agriculture and public utilities
1,602
264
707
556
46
29
589
167
147
238
29
8
401
4
251
136
8
2
175
27
134
7
30
2
21
4
1,602
264
707
556
46
29
1,169
127
567
428
32
15
115
23
52
28
10
2
-27
3
8
-31
52
43
11
-11
6
3
294
68
69
143
6
8
144
4
140
10
407
64
154
171
13
6
Latin American Republics, total
Mining and smelting. _
__
Petroleum
Manufacturing
Trade._
___
Agriculture and public utilities
2,339
241
1, 510
211
107
270
938
70
663
75
41
89
735
100
509
62
12
52
275
14
112
47
42
60
361
56
212
26
9
58
2,339
241
1,510
211
107
270
1,262
171
838
75
14
164
213
14
135
27
23
13
159
2
51
44
46
15
133
2
66
33
11
21
571
51
420
31
12
57
94
5
89
1,285
1
567
580
137
(2)
454
1
166
208
79
(2)
194
1
126
66
1
(2)
356
-1
152
176
29
262
(2)
111
120
30
(2)
1,285
1
567
580
137
(2)
689
1
279
326
83
(2)
195
138
(2)
90
42
6
(2)
3
80
95
20
261
(2)
118
109
33
(2)
1,295
41
1,088
118
30
18
770
35
638
68
18
10
-36
-3
-49
12
2
3
1,295
41
1,088
118
30
18
445
25
351
51
9
10
103
2
78
19
4
1
120
-5
113
6
5
2
()
All areas, totaL.
.
_ .
._
Europe, total
Mining and smelting
Petroleum.
___
Manufacturing
Trade
Agriculture and public utilities
Other areas total
Mining and smelting
Petroleum...
Manufacturing
Trade .
_ __.
_._
Agriculture and public utilities
__
_.
...
Q
(2)
315
3
299
12
6
1
206
10
163
26
4
3
3
(2)
14
1
3
12
19
11
9
-1
(22)
()
(2)
1. Includes only amounts charged against income.
2. Less than $500,000.
NOTE: Detail may not add to totals because of rounding. Data cover only companies reporting in survey.
Source: U. S. Department of Commerce, Office of Business Economics.
30
40
2
37
(2)
(2)
7
(2)
(2)
(2)
(2)
(2)
8
-5
95
81
6
6
1
532
19
464
36
6
6
25
25
99
1
98
SURVEY OF CURRENT BUSINESS
24
required to increase inventories and other current and longterm assets. In fact, depreciation and depletion charges
nearly matched income remittances except for the petroleum
industry.
A number of companies reported sizable amounts under
the category of increases in "other" assets. The total
January 1959
amount was less than $300 million, and over half was reported
by petroleum companies. For many of these companies
such funds represent advances to, or acquisition of, affiliated
enterprises in other countries. The counterpart to these
flows appears as a source of funds, usually under the heading
of net foreign financing, or as part of "other" sources.
Technical Note
Coverage of the Report: Data included in this report were presided by a sample of 290
United States companies, and represent the accounts of over 1,500 foreign enterprises. The
group of reporting companies was selected from those regularly supplying quarterly balance
of payments data to the Office of Business Economics, but companies operating abroad
principally in the fields of transportation, finance, and various services were entirely omitted.
Reports were prepared by the Office of Business Economics for a few large publicly owned
Canadian companies which publish the necessary information. The most readily available
measure of the coverage obtained, and probably also the best, is the ratio of the earnings of the
foreign enterprises covered to the estimated earnings of all United States controlled enterprises in the same area-industry groups. These ratios are shown in the accompanying table.
Ratio of earnings of reporting companies to estimated earnings of
all U. S. direct private foreign investments in specified industries
[Percent]
Listed
industries
total
All areas
Canada
Latin American Republics
Europe
Other areas
Mining I
and | Petrosmelting 1 leum
Trade
!
82
78
Manufacturing
69 |
0)
V /
j
82
69 1
85
81
32 \
n !
99
0)
W
(')
95
99
Agriculture and
public
utilities
63
69
55
59
72
36
57
-j
00
65
61
33
32
0)
1. In these classifications, the coverage ratio is 100 percent or more because the companies
not covered in this survey, on balance, had net losses. This affected particularly petroleum
and mining enterprises which were in the development stage of operations. The absolute
amounts of net losses involved are not substantial.
Since the various sources and uses of funds are not necessarily proportional to the earnings of the enterprises, it is not possible to expand the sample data to represent the totals
for all direct foreign investments. However, the current Survey of American Business Investments in Foreign Countries will provide such benchmark totals which can be utilized in
future work on this subject.
Foreign Currency Conversions: Data were provided by the reporting companies partly
in foreign currencies only, partly in both foreign currencies and dollar equivalents as calculated
by the reporters, and partly in dollars only, particularly in cases where the sales of the foreign affiliate are primarily for dollars. Ordinarily balance-sheet items are converted on the
basis of the rates prevailing at acquisition dates for fixed assets and related reserves, while
current assets and liabilities are converted at the rates prevailing at the balance sheet date—
usually a year-end free rate. When exchange rates are changing, the dollar values of these
assets and liabilities change during the year, resulting often in unrealized exchange gains or
losses from the point of view of the United States parent (and in some circumstances on the
foreign books as well) which are usually carried into the profit or loss as calculated by the
parent.
In order to avoid the distortion of sources and uses of funds resulting from the changing
dollar equivalent of local currency valuations of assets and liabilities, it was necessary in
many cases to recalculate the dollar equivalents on the basis of a uniform exchange rate applied to all items. The rate used was generally the monthly average of free rates for 1957.
However, recalculations were not made when the conversions made by the reporters did not
deviate significantly from this procedure, or for those items where the dollar figures supplied
probably represented actual dollar outlays or receipts by the reporter. Where figures were
given only in dollars it was usually not possible to determine whether unrealized exchange
gains or losses affected the accounts to a significant extent.
While the procedures used are believed to be the best available for the analysis of sources
and uses of funds, they would not be appropriate for determining the change in the book
values of the foreign enterprises in terms of dollars. However, relatively few countries were
undergoing sharply depreciating exchange rates in 1957.
Definitions and Relationship to Balance-of-Payments Accounts: Net income—this is the net income primarily as appearing on the books of the foreign enterprise, after
foreign taxes but before any adjustment resulting from unrealized exchange gains or losses.
Relatively minor differences from the net earnings figures regularly compiled result from the
fact that the new series includes the earnings attributed to minority foreign stockholders (about
$200 million), is not reduced by the withholding taxes paid by the parent companies on income transferred, and does not include interest accruing to United States investors.
Net funds from the United States—this amount represents in the case of foreign subsidiaries
the net change in liabilities to the United States parent or other United States resdients, and
cash flows resulting from changes in United States holdings of the capital stock outstanding.
In principle this is the same as the net capital flow recorded in the balance-of-payments accounts, although some of the funds reported for nonaffiliated United States residents would
not be recorded as direct-investment flows but would appear as short-term or portfolio investments in the balance-of-payments accounts.
In the case of branches, however, the figures in the new series will be lower than the balanceof-payments series to the extent branch earnings were recorded as remitted to the United
States rather than retained abroad. In the balance-of-payments accounts, all branch earning?
are treated as if they were remitted, and are included in net capital outflows to the extent they
are retained abroad. For example, if a foreign branch earns $100 and remits $50, assuming
other transactions are nil, the balance-of-payments statistics would show earnings of $100
and net capital outflows from the United States of $50. In the new series, however, the entry
for sources of funds would be net earnings of $100, while under uses of funds $50 would appear
as remitted branch profits and $50 as increases in assets, with no amount shown as funds from
the United States.
Since the reporting companies may differ in their determination of whether a given remittance from a branch represents earnings or a capital inflow, the combined total of retained
earnings and net funds from the United States is often a more valid measure of investment
from the United States than the figure for net funds from the United States taken alone.
Net foreign financing—this item represents the change in liabilities of the foreign enterprises
to other than United States residents, and also any equity investments by foreigners. Included among foreigners are the other foreign branches and subsidiaries of United States
companies, so that some of this financing originates ultimately in the United States. It is
not possible at this stage to measure the amounts involved, or the extent to which this may
result in some duplication in the totals of sources and uses. The net flow from the United
States would not be affected.
When the reporting company could not segregate accounts payable between United States
and foreign creditors, the amounts were entered entirely under foreign financing. To some
extent, therefore, net foreign financing is overstated.
Expenditures for property, plant, and equipment—this item represents primarily the cost
of acquisition of new fixed assets, including property or the rights to utilize property as in the
case of petroleum concessions. To the extent possible, other changes in fixed assets have
been eliminated.
Dividends and remitted profits—in the case of dividends this item represents the amounts
declared by the foreign-incorporated enterprises. Such dividends include those accruing to
minority stockholders and are before deduction of withholding taxes paid by the United
States stockholders, whereas the balance-of-payments figures include only the United States
portion, and are after deducting withholding taxes. The branch profit figure is the amount
of such profits reported as remitted, although as noted above in connection with "net funds
from the United States" this is to some extent an ambiguous concept. In the balance-ofpayments accounts, all branch profits are treated as if they were remitted, partly because
they are taxable in the United States as earned.
National Income and Corporate Profits
(Continued from page 9)
closing months of the year. By late November output had
facturers' profits recovered after midyear as cost-price
moved above year-earlier levels, indicating a probable subrelationships improved.
stantial rise in profits. With the introduction of the new
In the rubber industry, profits rose despite the limited
models, sales at retail increased—though much of the current
demand for use on new cars. The replacement market for
output was going to build up dealer stocks. The turntires was little affected by the recession and—due partly
to the record number of autos on the road and partly to the
around in production and sales had not materialized in the
rising average age of these—advanced to a new high for
third quarter, however, and for this period profits were the
1958 as a whole.
lowest in a number of years. With retail inventories of new
r
An expanding consumer market also contributed to an
cars high at midyear and sales continuing slow , production
improvement of corporate profits in the petroleum refining
was curtailed early in the summer, and remained at low
industry during the summer. Production increased after
levels throughout the period of model changeover and the
midyear, and the long and severe inventory adjustment
subsequent work stoppages.
showed signs of ending. However, profits were still a little
The major nondurable-goods groups showred profit gains
less than a year earlier, and remained almost one-fourth under
paralleling the increases which occurred in personal conthe Suez high.
With the recovery of general business, profit gains were
sumption expenditures for their products. With the earlier
likewise recorded in several industries characterized by wide
declines in consumer purchases of clothing largely made good
diversification of markets; included in this group were
during the summer months, profits in the apparel and textiles
chemicals and paper manufacturing.
industries bettered their year-earlier rates. Food manu-
BUSINESS STATISTICS
WlontLi
J_ HE STATISTICS here are a continuation of the data published in the 1957 edition of BUSINESS STATISTICS, biennial Statistical Supplement
to the SURVEY OF CURRENT BUSINESS. That volume (price $2) contains monthly (or quarterly) data for the years 1953 through 1956 and
monthly averages for all years back to 1929 insofar as available; it also provides a description of each series and references to sources of monthly
figures prior to 1953. Series added or significantly revised since publication of the 1957 BUSINESS STATISTICS are indicated by an asterisk (*) and a
dagger ("j"), respectively; certain revisions for 1956 issued too late for inclusion in the aforementioned volume appear in the monthly SURVEY
beginning with the July 1957 issue. Except as otherwise stated, the terms "unadjusted" and "adjusted" refer to adjustment for seasonal
variation.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely,
through the courtesy of the compilers, and are subject to their copyrights.
Data from private sources are provided
[Averages for the year 1957 are provided in the May 1958 issue of the SURVEY]
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1958
1957
Novem- December
ber
January
February
March
April
May
July
June
DecemAugust SeptemOctober November
ber
ber
GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual rates :f
National income, total
bil . of dol_ .
361. 5
350.6
352.4
363.1
254 8
238 0
197.4
9 5
31.1
16 8
250. 9
234.4
192.7
32.3
16.5
250 7
234 2
191.8
9 6
32.8
16 4
255 3
238 4
195. 0
10 0
33.4
16 9
^258 4
v 241. 3
p 197. 6
v 10.0
P33. 7
p 17. 1
55 0
31.3
11 5
12 2
55.3
30.6
12 6
12 1
56 2
30.7
13 4
12 1
56 6
31. 1
13 3
12 2
*>57. 5
P31.8
v 13.3
p 12 3
38.8
39 9
19.9
20 0
-1. 1
31.3
31.7
16.1
15 5
32.5
32 0
16.3
15 7
38.0
37.9
19.3
18 6
do
12 y
13 0
13 1
13 2
do
438 9
425 8
429 0
439 0
Personal consumption expenditures total
Durable goods
Nondurable goods
Services
do
do
do
do
287
39
138
108
2
6
8
7
286 2
36.3
139 8
110 1
288 3
35 6
141 4
111 3
291
36
142
112
5
1
9
5
Gross private domestic investment, total
New construction
Producers' durable equipment
Change in business inventories
do
do
do
do
61.5
37 1
26 7
—2 3
49.6
36 3
22 9
—9 5
49
34
22
—8
53
36
22
—5
7
3
3
0
Compensation of employees total
Wages and salaries, total
Private
Military
Government civilian
Supplements to wages and salaries
do
do
do
do
do
do
Proprietors' and rental income,
total of
do
Business and professionald"1--- . .do .
Farm
do
Rental income of persons
do
Corporate profits and inventory valuation adjustment, total
... .
bil. of dol
Corporate profits before tax, total
do
Corporate profits tax liability
do _
Corporate profits after tax
do
Inventory valuation adjustment
do
Net interest
Gross national product totar^f
Net foreign investment
do
Government purchases of goods and services, total
bil. of dol
Federal (less Government sales)
do
National security 9
do
State and local
„_ _
do -
9.4
.5
-.3
.2
2
9
3
0
1 9
.5
5
5
88 3
50 5
46 0
37.8
89.5
50 9
45.6
38.6
90.9
51 9
46 0
39.1
93 3
53 4
46 6
39.9
Personal income total
Less: Personal tax and nontax payments
Equals* Disposable personal income
do
do
do
349 7
43.0
306 8
347 3
42.3
305.0
349 8
42 3
307 5
357 5
43 5
314 0
Personal saving §
do
19 6
18 8
19 2
22 5
p 13 3
PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates:!
Total personal income
1
1
S54. 2
358. 8
356 1
357 8
357.5
' 242. 2
97.1
63.5
33.7
i 48.0
238. 5
97.7
63.6
33.8
43.4
239.4
98 4
63.6
33.9
43.5
239.0
97.7
63.7
33.9
43.7
350.2
348 4
348.2
346.4
347.1
348.1
349.9
352 0
Wage and salary disbursements, total
do
Commodity-producing industries
do
Distributive industries
_ _ _. ._ .do ._
Service industries
_
.
do
Government
_ ._ _ _-do ...
238.0
101.0
63.6
32.9
40.5
237.3
99.8
63.7
33.2
40.6
235.1
97.9
63.5
33.1
40.7
233.2
95.6
63.4
33.2
41.0
232.6
95.3
62.9
33.3
41.1
232.0
95.0
62.4
33.4
41.2
233.1
95.6
62.6
33.4
41.5
235.8
96 6
63.3
33.6
42.4
Other labor income _ - _ _ _ _ _ _ - _ _ _ . . _ _ . d o
Proprietors' and rental income
do
Personal interest income and dividends
do
Transfer payments
do
Less personal contributions for social insurance
bil. of dol—
9.2
54.8
31.8
23.0
9.2
9.1
8.9
8.9
8.9
55.3
31.8
23.8
56.5
31.7
26.4
9.2
55.7
31.7
24.8
56.1
31.7
26.1
9.1
9.2
55.1
31.8
23.9
8.9
9.0
55.2
30.0
23.3
56.2
31.8
26 0
56.3
31.8
26.5
56.6
31.9
26.8
57 0
31.9
27 0
57.3
31.9
26.9
6.6
6.6
6.7
6.7
6.6
6.6
6.7
6.7
7.0
6.8
6.8
6.8
bil of dol
9.0
r
360. 4
359 3
r 242. 0
100. 3
'63.9
r
34. 2
'43.7
242.9
100 7
64.2
34.3
43.8
9.3
57.5
31.9
r
26.6
57.6
30.2
26 1
6.8
6.8
r
r
9.3
335.2
332.5
330.5
332.4
339.2
342.5
340.7 ' 343. 6
Total nonagricultural income
do
333.0
330.1
331.0
335.1 1 342. 0
340.9
r
!
Revised.
*> Preliminary.
Italicized total excludes and other footnoted figures include lump-sum retroactive salary payments to Federal employees; disbursements of $380 million multiplied by 12 (to put on annual rate basis) amounted to $4.6 billion.
f Revised series. Estimates of national income and product and personal income have been revised back to 1946; revisions beginning 1946 appear on pp. 12 ff. of the July 1958 SURVEY.
^Includes inventory valuation adjustment.
^For data in constant dollars and revised definitions for several components,
seo pp. 10 ff. of the December 1958 SURVEY.
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.
491311°—59—
S-l
SUEVEY OF CURRENT BUSINESS
S-2
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of Novem- DecemBUSINESS STATISTICS
ber
ber
January
1958
January
February
March
April
May
June
July
October Novem- Do comAugust September
ber
ber
GENERAL BUSINESS INDICATORS—Continued
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals:
All industries. _
mil. of dol
9 733
7,325
7,761
7,427
i 8, 014
2 6, 870
do
. .._ _ do ___
do __
4 261
2,148
2,113
2,898
1,441
1,457
2,939
1,395
1,544
2,664
1,257
1,407
2,999
1.447
1,552
2.439
1,177
1,262
do
do _ _ _
do
do__._
do_ _
302
334
488
1, 760
2,588
225
256
398
1,227
2,321
239
202
369
1,511
2,501
223
140
320
1,633
2,447
238
157
418
1.734
2,468
190
135
404
1,311
2,391
Seasonally adjusted quarterly totals at annual rates:
All industries
bll. of dol._
Manufacturing
Durable-goods industries
Nondurable-goods industries. _
Mining
Railroads. .
Transportation, other than rail
Public utilities
Commercial and other
_ __
.
36.23
32.41
30 32
29.61
i 29. 93
2 30. 51
Manufacturing
Durable-goods industries
Nondurable-goods industries
.do _ _
do _ .
do _
15 27
7 57
7 70
13 20
6.58
6 62
11.53
5.57 ;
5 96
10.86
5.16
5. 70
10.79
5.11
5.68
11.06
5.35
5.71
Mining _ _
Railroads
Transportation, other than rail
Public utilities
Commercial and other
do _._
do
do
do
do
1 15
1 26
1 91
6 43
10 21
1.00
1 02
1.69
5 87
9.63
.92
77
1 40
5 97
9 73 !
.88
63
1.29
6.10
9.85
.91
.59
1.64
6.32
9.68
.84
.54
1.72
6.41
9.94
FARM INCOME AND MARKETINGS*
Cash receipts from farming, including Government
payments, total _ _ - - _ _ _ - _ _
- mil. o f d o l
Farm marketings and CCC loans, total ._ _ _ d o _ _ .
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:
411 commodities
1947-49—100
Crops. _
_ _ _ _ _ _ _
_
__ do
Livestock and products
do
INDUSTRIAL PRODUCTION^
Federal Reserve Index of Physical Volume
Unadjusted, combined index
_ _ 1947-49=100..
3,136
2,850
2,753
2,175
2,133
2,214
2,305
2,532
2,920
3,025
3, 553
4,045
3,074
1,522
1,552
361
857
320
2,801
1,312
1,489
374
812
288
2,708
1,171
1,537
377
886
246
2,144
799
1,345
355
738
223
2,108
630
1,478
406
762
276
2,198
624
1,574
392
885
259
2,286
645
1,641
421
905
270
2,423
908
1, 515
399
833
254
2,743
1,212
1, 531
383
870
258
2,862
1,356
1,506
371
848
272
3,286
1,583
1,703
354
1,052
282
3,928
2,052
1.876
365
1,188
308
126
142
114
115
122
109
111
109
113
88
74
99
87
59
108
90
58
115
94
60
120
99
85
111
113
113
112
118
126
111
135
148
125
161
191
138
145
159
134
127
133
123
126
131
122
97
86
105
89
55
114
91
49
123
96
53
128
111
97
121
125
131
121
131
144
121
145
161
133
178
218
148
|
142
134
132
131
129
127
127
132
126
136
140
143
144
do
do
do. _
do
do
144
156
121
126
159
135
147
106
107
161
134
143
102
99
160
133
139
99
93
157
131
138
95
91
149
129
133
89
82
146
129
133
93
91
141
133
139
106
105
133
127
132
90
92
126
138
140
102
105
128
141
146
111
114
138
145
149
'123
129
r
150
146
'155
r
do
do
...do
do
. do. .
174
139
165
140
215
166
133
157
138
194
161
127
153
133
192
156
124
148
131
181
154
122
146
132
174
148
118
139
126
165
146
119
135
124
159
149
125
138
125
162
144
123
133
120
158
150
133
142
119
186
156
141
151
128
195
Transportation equipment 9
do
Autos
do
Trucks
_ _
_
_ _ _
do_ .
Aircraft and parts
do
Instruments and related products
. do
Furniture and
fixtures.
_ __ do. _
Lumber and products.
do
Stone, clay, and glass products
do
Miscellaneous manufactures
do
213
171
99
569
172
121
106
152
143
203
151
95
571
170
120
92
145
134
196
132
91
570
166
113
100
136
125
191
122
92
562
163
112
105
130
127
189
106
95
566
161
111
106
131
127
182
89
90
561
160
108
105
135
125
181
99
96
553
157
108
111
141
125
183
100
91
568
159
113
121
148
130
175
87
76
561
157
113
109
148
126
173
53
78
573
160
124
130
155
135
170
37
67
583
168
130
127
160
143
71
89
' 582
171
'132
129
155
'147
Manufactures.. ___
Durable manufactures
Primary metals 9
.
...
Steel
Primary nonferrous metals
.
Metal fabricating (incl. ordnance)
Fabricated metal products
Machinery. _ _ _ _ _ _ _ _
Nonelectrical machinery
Electrical machinery
.
' 158
136
' 150
127
'194
r
r 184
Food and beverage manufactures
Food manufactures 9
Meat products
Bakery products
Beverages
Alcoholic beverages
do
do
do
do
do
do
131
113
116
133
101
105
100
123
107
109
131
101
99
89
125
104
106
134
98
93
88
126
104
103
121
98
104
99
125
104
102
120
98
110
106
125
106
104
123
98
110
101
124
110
106
115
100
122
112
128
119
114
121
103
138
125
123
119
116
115
104
128
107
135
126
127
120
102
122
104
137
131
134
130
102
119
108
141
' 129
' 130
138
' 103
124
124
Tobacco manufactures
Textile-mill products 9
Cotton and synthetic fabrics
Wool textiles
Apparel and allied products
Leather and products
Paper and allied products
Pulp and paper
do
do
do. __
do
do
do
do
do
110
98
107
65
107
99
163
156
87
89
97
55
96
94
140
137
112
93
102
55
106
101
153
151
112
95
103
61
113
108
158
156
112
94
103
64
109
107
155
152
112
94
96
67
108
95
156
152
118
93
98
71
105
92
153
147
125
94
99
82
106
99
159
153
109
86
86
67
99
92
145
137
130
103
107
76
117
108
168
159
125
103
111
75
113
105
169
159
130
109
' 111
75
121
109
'181
' 171
Nondurable manufactures
do
_ _
P140
P
P
P
P
123
'128
156
P 168
P137
P 153
p 135
P 189
' 168
r
r
r
142
153
122
126
136
153
131
' 196
214
P212
160
P 161
p 96
'107
p 590
' 590
' 174
p 177
P 131
' 132
123
' 155 """Vl5l"
'144
P 140
138
118
121
134
102
P131
i
109
116
71
119
170
164
142
132
136
147
139
137
' 146
142
140
P 144
145
136
137
140
Printing and publishing
. . do
187
174
182
' 194
177
177
179
180
' 194
183
180
187
183
Chemicals and allied products
do
202
209
186
184
184
190
183
188
203
198
197
190
Industrial chemicals
do
r
138
133
137
127
131
140
124
P 139
v 142
134
125
136
130
138
Petroleum and coal products
do
148
141
134
136
146
149
144
'r 147 ' P 150 !
137
P 157
148
147
153
Petroleum refining
do
137
112
145
143
115
122
103
127
135
118
123
114
120
Rubber products
_ ~ - do
!
2
' Revised.
* Preliminary.
Estimates for October-December 1958 based on anticipated capital expenditures of business.
Estimates for January-March 1959 based on anticipated
capital expenditures of business. Anticipated expenditures for the year 1958, and comparative data for 1956-57, appear on p. 4 of the December 1958 SURVEY.
9 Includes data not shown separately.
tRevisions (annual data, 1946-57; monthly data, 1956-57) appear on pp. 18 and 19 of the November 1958 SURVEY; monthly data prior to 1956 are not available,
c? Revisions for 1956 for the seasonally adjusted indexes of industrial production and consumer durables output appear on p. 18 of the July 1958 SURVEY.
SUKVEY OF CURRENT BUSINESS
January 1950
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of Novem- DecemBUSINESS STATISTICS
ber
ber
S-3
1958
January
February
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION^— Continued
Unadjusted index— Continued
M inerals
Coal
Crude oil and natural gas
Metal mining
Stone a n d earth minerals
1947-49 = 100
__ do _
do
_- do
__ _ _ _ _ _ _ d o
Seasonally adjusted, combined index
Manufactures
Durable manufactures
Primary metals
_
Metal fabricating (incl. ordnance)
Fabricated metal products
Machinerv
Nonelectrical machinery
_
Electrical machinery
-
144
92
143
122
74
149
82
138
do
139
135
do
do _
do
141
154
121
137
146
107
170
141
163
143
203
163
135
156
137
194
203
125
322
170
118
107
151
136
- - do
do
-- do
do
- do
Transportation equipment
-- do
Autos trucks, and parts
do
Other transportation equipment
do
Instruments and related products _ _
do Furniture and fixtures
do
Lumber and products
_ _ - do
Stone clay and glass products
do
Miscellaneous manufactures
_ _ -_do
Nondurable manufactures
Food and beverage manufactures
Food manufactures
Beverages
Tobacco manufactures
Textile-mill products
Apparel and allied products
do
do
- - do
do
do
do
- do
Leather and products
__ __ _ _ . -_do __
Paper and allied products _ _
- _do
Printing and publishing
do
Chemicals and allied products
do _
Industrial chemicals _
__ _ _ _ _ _ _ _ d o __
Petroleum and coal products
- - do
Rubber products
.._ __
do_._
Minerals
_
Coal
Crude oil and natural gas
Metal mining
Stone and earth minerals
- _
123
80
do __
_ do
do__ _
do
_ - do
118
70
145
85
121
111
67
134
79
128
133
130
135
142
100
131
137
95
159
129
151
130
192
194
113
315
168
116
103
148
131
128
110
110
110
107
95
107
120
73
147
83
130
120
70
142
96
153
123
73
145
107
158
•P 123
•p 74
•P 150
109
60
132
81
136
110
61
131
86
144
128
126
128
132
134
136
137
138
141
P142
129
135
91
128
131
86
130
134
91
134
139
103
136
141
102
138
144
109
139
145
113
140
1469
12
r 144
152
r 123
v 144
p 152
P 123
153
124
144
127
177
150
122
141
126
170
146
118
137
122
166
148
120
137
122
167
151
125
141
125
171
154
129
144
125
181
156
132
147
126
188
155
135
148
129
186
156
133
147
130
r 164
' 136
150
T 133
r 180
r 182
P 165
p 137
pp 1 52
133
P 189
191
107
318
166
114
110
142
129
185
99
313
163
111
108
134
127
183
93
316
160
111
109
133
128
178
86
316
159
110
105
135
129
182
93
314
158
113
110
139
129
185
95
320
160
116
114
145
132
185
96
318
162
119
118
152
135
186
96
321
162
193
120
150
134
178
82
322
166
126
118
157
137
T igs
91
'321
169
127
118
149
138
205
r 122
' 326
172
127
114
113
118
106
91
104
127
114
113
117
112
92
103
125
114
112
120
112
91
103
124
113
112
114
112
91
99
125
113
115
108
117
92
106
126
114
114
114
115
92
106
129
116
116
116
116
95
110
132
116
116
114
121
101
115
133
116
116
115
121
103
114
133
115
116
114
121
103
116
r H5
r H5
134
135
115
115
115
120
104
r
118
105
119
103
162
141
184
201
135
131
100
152
142
181
196
137
117
100
155
140
182
195
131
116
98
153
139
177
187
129
114
98
149
138
176
184
127
116
94
152
137
178
182
127
112
97
153
137
178
182
129
113
100
157
138
181
187
131
125
104
163
138
184
193
136
125
103
166
140
186
196
1^9
132
104
167
140
187
204
135
136
123
77
145
100
140
123
71
146
110
141
121
69
144
110
144
118
70
141
106
133
112
70
130
100
138
109
63
130
88
139
109
62
131
73
142
112
66
135
80
145
116
65
141
80
146
120
68
146
83
144
' 123
90
149
T 92
148
141
124
117
116
111
101
103
109
100
100
103
115
72
134
100
150
110
46
137
91
151
r 124
75
r 144
r 107
r 156
123
74
T 147
v 93
152
r 129
P 203
p 123
P 320
p 175
P 12(5
125
r 154
T 137
P 154
p 137
p 136
...
108
r 171
168
142
r 142
r Igg
207
137
T 133
j> 138
141
p 141
123
71
147
P 102
149
P 123
p 71
v 147
r 116
r
143
•P 140
r
p 150
» 161
122
69
70
r 148
r 149
v 143
190
CONSUMER DURABLES OUTPUT^
Unadjusted, total output
_
Major consumer durables
Autos
Major household goods
_
Furniture and floor coverings
Appliances and heaters
Radio and television sets
Other consumer durables
Seasonally adjusted, total output
Major consumer durables
Autos
Major household goods _
Furniture and floor coverings
Appliances and heaters.
Radio and television sets
Other consumer durables
1947-49=100
- do___
do
_ _ _ do
do
_ _ _ do
do
do
153
171
138
115
121
259
114
132
151
118
114
102
176
106
123
132
117
108
103
187
102
120
122
121
108
121
159
105
114
106
122
108
131
139
105
100
89
110
104
112
125
103
103
99
108
101
115
112
102
109
100
119
105
132
122
108
97
87
108
105
109
114
107
94
53
130
118
114
214
115
96
37
150
126
150
222
119
113
71
151
131
r
147
123
155
160
153
130
156
212
118
do
128
119
113
110
104
97
105
111
114
115
103
'108
'134
* 137
do
_ do
do___
do
do
do
do
136
142
134
112
132
203
110
125
127
124
112
115
188
107
117
117
118
110
106
181
105
111
107
117
106
115
151
107
103
92
114
106
115
133
108
94
81
107
104
102
131
106
104
96
113
106
112
138
105
111
99
123
109
125
155
111
116
99
133
116
129
191
111
116
95
137
117
132
207
112
99
56
138
120
137
197
113
r 105
r 143
67
i- 141
124
r
148
166
T
114
139
150
127
164
174
114
p 146
P 143
54.7
27.2
13.5
13.7
10.9
3.9
7.0
16.6
5.6
11.0
54.5
26.7
13 1
13.6
10.9
3 8
7. 1
16.9
5.6
11. 3
53.8
26.4
12.6
13.7
10.7
3 8
6.9
16.7
5.5
11.2
52.1
25.5
12 0
13.5
10.5
3 6
6.9
16.1
5.1
11.0
51.3
24.9
11 7
13.3
10.3
3 6
6.8
16.1
5.0
11. 1
52.1
24.9
11 5
13.4
10.7
3 7
7.0
16 5
5.2
11 3
52.4
25 2
11 6
13 6
10 7
3 7
7 0
16 6
5.2
11 3
53.2
25.7
12 1
13.7
10 9
38
7.0
16 6
5.1
11.4
54 0
26 3
12 3
14 0
11 0
3 8
7 2
16 7
5 2
11 5
54 4
26 4
12 4
14 0
11 1
4 0
7 2
16 9
5 2
11 6
54.8
26.8
12.7
14.1
11.4
4. 1
7.3
16.6
5.1
11.5
55.6
T 27 2
' 12 9
' 14 2
11 5
4 1
7 4
16 9
5 4
11 6
56.2
27 6
13 4
14. 2
11 6
4 3
7 4
17 0
5.5
11 4
T 291
T
P 115
v IK;
BUSINESS SALES AND INVENTORIES^
Manufacturing and trade sales (seas, adj.), total
bil. ofdoL.
Manufacturing, total
do __
Durable-goods industries
do
Nondurable-goods industries
do
Wholesale trade, total _ _ _ _ _
_ _ _ _ d o __
Durable-goods establishments
do
Nondurable-goods establishments
do
Retail trade, total
do
Durable-goods stores
__do
Nondurable-goods stores
do
r
Manufacturing and trade inventories, book value, end
r
of month (seas, adj.), total
bil. ofdol.
91.0
90.7
89.3
88.5
86.4
90.0
87.6
85.0
86.9
85 9
85 0
84 9
85 4
Manufacturing, total
do
53.9
52 9
52 4
52 0
53 5
51 5
49 3
50 2
49 3
49 8
50 9
49 3
49 4
r
Durable-goods industries. __
do _
31.5
31.1
30 6
30.3
29.9
29 4
29 0
28 5
28.0
28 3
27 9
27 9
28 1
Nondurable-goods industries
do
22.4
22.2
22.4
22.1
22.3
22.1
21.9
21.7
21 5
21.2
21 4
'21 4
21 4
Wholesale trade, total
_
do
12.8
12 6
12 5
12 4
12 7
12 2
12 1
12 1
12 1
12
1
12
1
12 1
12 1
Durable-goods establishments
do
6.4
6.6
6.7
6.6
6.5
6 3
6 2
6 2
6 2
6 2
6 2
6 3
6 2
Nondurable-goods establishments
do
6.1
6 1
6 0
6 0
6 0
5 9
5 9
5 9
59
59
59
58
59
Retail trade, total. __
_
do .__
23 9
24.3
24.5
24.5
24 1
24 1
24.3
23 9
23 9
23 7
24 0
23 5
23 6
Durable-goods stores..
_ ___do
11.2
11.4
11.2
11.3
11.0
10 8
10 8
10 8
10 7
10 3
10 5
10 7
10 5
Nondurable-goods stores
do
13.1
13.1
13.1
13.1
13.1
13.2
13.3
13.2
13.1
13.3
13.2
13.2
13.2
«• Revised.
p Preliminary.
cf See corresponding note on p. S-2. § The term "business" here includes only manufacturing and trade. Business inventories as shown on p. S-l cover
data for all types of producers, both farm and nonfarm. Unadjusted data for manufacturing are shown on p. S-4; those for retail and wholesale trade on pp. S-9, S-10, and S-ll.
JData
beginning January 1948 for wholesale trade (not published in the 1957 edition of BUSINESS STATISTICS) are available as follows: For 1948-50, upon request; for 1951-56, on p. 32 of the August
1957 SURVEY.
SUEVEY OF CURRENT BUSINESS
S-4
11W7
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of Novem- DecemBUSINESS STATISTICS
ber
ber
January 1059
19 58
January
February
March
April
May
June
July
DecemAugust ^ftem- October November
ber
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES. INVENTORIES,
AND ORDERS
Sales, value (unadjusted), total
27, 270
26, 347
25, 858
24, 495
25, 780
25, 248
25, 426
26, 122
24, 845
26.143
27, 323
13, 577
2,102
1,433
4,011
1,776
3, 463
2 264
854
659
13,693
4, 258
358
1,085 I
871
1, 856
2, 744
414
13, 152
1, 954
1, 336
4,131
1, 756
3, 495
2, 163
769
556
13, 195
4, 1 76
380
954
809
1, 726
2, 893
414
12, 313
1,948
1,329
3, 693
1,540
3, 066
1,938
814
545
13,545
4, 167
357
994
904
1,888
2, 913
444
11, 560
1,665
1, 261
3,702
1,533
2, 807
1,650
745
490
12, 935
4.056 !
318 i
995
842
1.712
9
676
384
12, 161
11,921
1,770
1,740
1, 334
1,316
3,982
3,867
1, 620
1. 512
2,632
2,768
1,601
1, 504
786
788
617
568
13,619
13, 327
4.312
4,227
302
356
1 015
965
883
912
1,882 ! 1,944
2 649 i 2,516
412 i
438
11, 960
1,757
1, 350
3,772
1,526
2,675
1, 568
788
652
13, 466
4,434
381
930
904
1,981
2, 630
432
12, 584
2, 052
1,452
3,967
1,624
2,637
1, 514
803
677
13, 538
4,441
401
1, 006
921
1,949
2,628
467
11,317
1, 632
1,433
3,455
1,418
2,436
1,419
757
662
13, 528
4,414
410
936
871
1, 865
2,750
473
11,880
1,900
1, 592
3,615
1, 574
2, 103
1,103
894
710
14, 263
4,452
387
1,098
960
1,983
2,787
442
12, 687 * 13, 584
13, 110
2,069
' 2, 300 1, 988
1,696
* 1, 684
1,417
?,993
' 4, 112
3,759
1,758 r I, 865
1, 734
r
2, 093
3, 395
2, 588
T
1,009
1, 458
2, 3?4 i
'982
933
830
r
757
643
757
14, 636 ' 15, 236 13, 955
730 4, 366
4 571 ' 4,
r
370
398 r 408
1 109
1 131 r 1 219
1,013
915 <
958
r
2 137
2, 1 64
1,900
9
2 874
806
2 774
527
445
...do
27, 221
26, 690
26, 350
25.542 !
24. 931
24, 945
25, 206
25, 747
26. 284
26, 388
26, 804
«• 27, 158
27,627
do
do
do
.-do. _ .
do
do
.. -do
do
...do
- -do.. do
.do
do
do
do
do
do
13, 548
2 156
1,429
4, 175
1, 743
3, 255
2, 022
850
659
13, 673
4, 257
351
1 , 025
862
1,941
2,717
431
13, 092
2 073
1, 431
3, 954
1.626
3,147
1,906
851
654
13,598
4, 337
392
999
12,038
11,670
1 733 ! 1 635
1. 354
1,332
3, 726
3, 685
1,586
1,542
2, 876
2, 708
1,707
1 , 525
799
759
586
583
13,504
13,261
4, 363
4, 333
361
387
1, 001
999
877
885
1,783
1,745
2 759
2, 597
413
396
11,532
1 657
1 , 302
3,748
1,567
2, 466
1,361
791
605
13,413
4, 348
373
1,016
874
1 , 832
2, 594
429
11, 643
1 656
1,331
3, 736
1, 572
2, 536
1 , 467
807
621
13, 563
4,416
363
994
895
1,875
2, 657
428
12, 086
1 854
1, 397
3, 780
1, 572
2,610
1, 572
822
645
13, 661
4, 357
382
1,025
903
1,899
2, 682
445
12, 256
1 917
1, 454
3, 808
1, 577
2, 550
1, 519
836
676
14, 028
4 371
390
1 061
937
1 979
2 806
478
12,385
1 984
1, 482
3,817
1,624
2.582
1 , 453
832
657
14,003
4, 373
372
1 , 077
941
2, 003
2, 787
438
12, 723
2 065
1,593
3,999
1 712
2 438
1, 318
850
701
14 081
4 312
386
1 027
r
13, 393
1 , 890
2, 654
427
12, 646
1 952
1,402
3, 847
1 , 622
3, 001
1.834
846
634
13, 704
4, 412
384
989
886
1,836
2,774
448
..do. ,
53, 746
53, 688
53, 298
52, 829
51,595
50, 862
50. ?78
49, 357
48, 887
.mil. of doL_
Durable-goods industries, total 9
do ___
Primary metal. _
_-do
Fabricated metal
_._-__
_
do Machinery (including electrical)
do _
Electrical
do
Transportation equipment-- -do
Motor vehicles and parts
do
Lumber and furniture
__
do
Stone, clay, and glass
do
Nondurable-goods industries, total 9
do
Food and beverage
,___._
_ . . -do ..
Tobacco
do
Textile
do
Paper
_ _ do..-.
Chemical
_ __
._ _._
do
Petroleum and coal
do
I
Rubber
_ _ ,.
do
Sales, value (seas, adj.), total
Durable-goods industries, total 9
Primarv metal
Fabricated metal
_
_
Machinery (including electrical)
Electrical
_
.
Transportation equipment
_ _
Motor vehicles and parts
Lumber and furniture
_ _ _ _ _ . ._
Stone, clav, and erlass___ _ . ._. . _ .
Nondtirable-troods industries, total 9
Food and beverage
-_.
__
Tobacco
_ _ _ _ - _ _ _ . ______
_
Textile . . .
Paper
Chemical. Petroleum and coal
Rubber
Inventories, end of month:
Book value (unadjusted), total
_
Durable-goods industries, total 9
do....
Primary metal
do
Fabricated metal
do
Machinery (including electrical)
do _
Electrical
do
Transportation equipment
do. . .
Motor vehicles and parts
do . .
Lumber and furniture
- do
Stone, clay, and glass
__
__
do
By stages of fabrication:!
Purchased materials
- - bil. of dol
Goods in process
do
Finished goods
do
Nondurable-goods industries, total 9 - mil. of doL
Food and beverage
do
Tobacco _ - _
do
Textile
do
Paper
_ __ _
_
do
Chemical
do
Petroleum and coal
-. .__
-. do _
Rubber__
.__
_
do
By stages of fabrication:!
Purchased matprials
bil of dol
Goods in process
_ _ ___
._
do
Finished goods
do
Book value (seas, adj.), total - -
-_-
_ _ m i l . of dol
Durable-goods industries, total 9
do
Primary metal
do
Fabricated metal
do
Machinery (including electrical)
do
Electrical
-_.
do
Transportation equipment
.. - , do _ .
Motor vehicles and parts
do
Lumber and furniture
- - _-_
do
Stone, clav, and glass
.do .
By stages of fabrication:!
Purchased materials
bil of dol
Goods in process
do
Finished goods
do
Nondurable-goods industries, total 9
mil of dol
Food and beverage
do
Tobacco...
. do
Textile
do
Paper _
._
_
do
Chemical
__ _ ._
do
Petroleum and coal
_ _ _ .. .. do
Rubber
do
By stages of fabrication:!
Purchased materials
bil. of dol
Goods in process
do
Finished goods.. ._
-.-do
r
Revised.
9Includes data not shown separately.
sm
52,318
49 015
4-9 908
T
27. 687
4 13?
2 840
8. 862
3 306
6, 665
2, 722
1. 664
1 148
27, 716
4 92°
9
807
8, S44
3 305
27, 658
4, 100
2, 777
9,110
3,413
6, 302
2,374
1,725
1,196
27. 745
4 099
2 785
8,918
3 356
6,718
2, 769
1.691
1 164
7. 9
12.1
10. 1
22. 1 55
4, 574
1,960
2,682
1,483
3 929
3, 405
1,112
7.6
11.6
10.0
21,680
4,406
1,861
2. 675
1,455
3, 783
3,343
1,051
7.6
11.3
9.7
21,580
4,416
1 , 785
2, 635
1.435
3,776
3. 348
1,015
7 6
11 1
9 4
21,241
4,468
1 726
2 584
1,413
3 708
3, 314
960
7.5
11.1
9.1
21,229
4, 644
1,746
2,499
1,404
3,674
3,340
963
7. 7
11 3
8.8
21,165
4 736
1 783
2 432
1 391
3 647
3 369
983
9.0
3.0
10.3
9.0
3.0
10. 2
8.9
2.9
10. 1
8.6
3.0
10. 1
8.5
3.0
10.1
8 4
2.9
9 9
8.4
2.9
9.9
8 4
2 9
9 9
52,911
52, 445
52, 009
51,486
50, 896
50, 246
49. 777
49, 425
49, 296
31, 148
4,269
3,086
10, 374
3, 847
7, 801
3,309
1,827
1,270
30, 625
4 273
3,081
10, 222
3, 823
7, 529
3,188
1.772
1, 237
30, 266
4,297
3,041
10, 101
3,780
7,285
3,048
1,803
1,249
29, 864
4 342
2,918
9,920
3. 704
7,113
2,926
1,794
1,233
29, 424
4 362
2,925
9,744
3,640
6, 863
2.775
1,783
1,233
28, 981
4,277
2, 852
9,636
3,573
6,721
2,622
1,772
1, 236
28, 528
4,169
2,844
9,446
3,472
6,595
2,504
1,776
1,234
28 311
4 122
2 814
9,323
3, 456
6,584
2 513
1,773
1.228
28, 066
4, 110
2,777
9, 221
3,419
6, 536
2,553
1, 742
1,220
8.6
13. 1
9. 8
22, 360
4,732
1,965
2,628
1,417
3,763
3, 657
1,101
8.3
12. 7
10. 1
22, 372
4, 689
1,924
2,679
1,444
3,820
- 3,644
1,092
8.3
12 4
9.9
22, 286
4,627
1,912
2,694
1,443
3,824
3, 615
1,100
8.3
12. 1
9.9
22, 179
4,660
1,911
2, 638
1, 453
3,848
3,542
1,087
8.1
11.9
9.8
22, 145
4, 685
1,885
2,627
1.454
3,877
3,510
1,069
8.0
11.8
9.7
22, 062
4,765
1,896
2,606
1,468
3,839
3,441
1,047
7.8
11 6
9.6
21.915
4, 759
1,880
2,584
1,455
3,796
3,377
1,020
7.6
11.4
9.5
21,718
4,761
1,859
2,572
1,435
3,747
3, 348
986
7 5
11 3
9 5
21 466
4,706
1,836
2 550
1,413
3,722
3,314
980
8.9
30
10.4
8.8
31
10.5
8.8
30
10.5
8.8
3.0
10.4
8.8
2.9
10.4
8.8
2 9
10.4
8.8
2.9
10.2
8.8
2.9
10.0
8.8
2 9
9.8
30, 163
4,246
2,947
10,054
3, 701
7. 226
3. 028
1, 824
1,295
8.7
13.0
9,6
22, 440
5. 026
1 , 965
2, 562
1.403
3,720
3,730
1,079
8.5
12.7
9.9
22, 551
4,912
1,962
2,628
1, 444
3,863
3,644
1,103
8.3
12.5
10.0
22, 528
4. 786
2,027
2,667
1,443
3. 886
3, 543
1,111
8. 2
12.3
10.1
22, 335
4. 694
2. 007
2, 679
1,468
3.911
3, 436
1, 109
9.0
2.9
10.5
9. 1
2.9
10.5
9. 1
3.0
10. 5
53, 871
53, 520
31,511
4,279
3,095
10, 517
3,909
7, 976
3, 405
1, 845
1,274
JData beginning January 1953 appear on p. 20 of the September 1957 SURVEY.
9 l()l!
l' 553
3, 978
1 735
r
464
28.116
4 050
2 898
9,290
3 494
6, 384
2. 375
1, 786
1,228
30, 494
4, 303
2, 980
10,169
3. 735
7.414
3, 160
1,826
1. 299
r
r
r
48 910
Q4Q
2 071
28, 698
3. 999
2. 987
9, 542
3 5HO
6, 579
2. 504
1,807
1,246
30, 770
4,384
2, 989
10,188
3, 739
7, 669
3, 273
1,801
1, 262
r 2 182
14 234
29,182
4,126
2,938
9,771
3, 648
6, 716
2, 622
1 , 809
1,261
31, 137
4. 466
2, 963
10, 283
3, 782
7, 885
3, 375
1,814
1,257
12, 943
27, 065
\ 569
3, 993
1, 726
r
2, 592
' 1.494
r
898
r
653
r
14.215
r
4 377
r 385
* 1 042
T 947
T
2 077
2 903
493
29, 683
4, 185
2, 983
9, 885
3, 6S4
6, 956
2, 821
1,814
1,282
-. 11.9
10. 1
21,912
4, 520
1,915
2, 675
1, 483
3, 858
3, 372
1,078
31,306
4, 443
3, 002
10,415
3, 846
8, 006
3, 463
1,794
1,210
r 28, 820
11 3
8 7
r
21,328
r
4 917
1 838
r 2 385
r
1 395
r
3 686
r
3, 374
981
3 121
1 . Q«3
880
670
4 403
378
1 (Wi
C)34
2 043
0
%S
0, 637
2. 689
1,691
1 158
7 8
11 9
8 7
21,492
5 017
1 8^2
9
' 370
1 404
3 723
3, 384
8 5
2 9
99
2 8
10 0
r
49, 337
^9 339
28, 048
4,043
2,842
9,074
3.386
6,751
2,792
1,732
1,212
r
27 932
T 4 005
rc
> 928
r
9 026
r
3, 345
r
6, 594
r
2 651
T
1,721
r
1,221
27 906
4 063
2 R94
8 931
3, 359
6, 619
2 645
1. 738
1,219
7. 4
11.3
9.3
21. 359
4,638
1,838
2,524
1,418
3,734
3,274
1,024
7.5
11.3
9.2
21,248
4, 598
1,838
2,499
1,405
3.747
3,271
1,024
r7 7
11 3
90
r
21 405
r
4 694
1,857
r
2
490
r
1 423
r
3,
760
r
3, 276
1,022
8.7
30
9.7
8.6
2.9
9.7
8.7
2 9
'9.8
r
8 6
11 3 I
8 9
21 433
4 732
1,862
2 ^56
1 418
3,766
3.318
8.6
2 9
9.9
_-
SURVEY OF CURRENT BUSINESS
January 1959
19 57
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of N o vem- DecemBUSINESS STATISTICS
ber
ber
S-5
19 58
January
February
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
New orders net (unadjusted^, total
mil. of dol
20, 05f>
25, 067
24, 264
23, 228
25, 448
24 254
25, 032
26, 359
25, 239
26, 096
26, 855
' 28, 667 27, 420
Durable-snoods industries, total §O
do
Primary metal- do.-_.
Fabricated metal
do
Machinery (including electrical) §
do..-..
Electrical
do
Transportation equipment (including motor vehicles)
mil. of dol
12,385
11, 890
1,563
1,189
10, 369
1, 461
1,117
3, 547
1, 661
1 1 , 848
1,547
1,234
3,761
1, 689
10 879
1,457
1 255
12, 727
1,872
1,436
3, 958
1 762
11, 667
1,768
1,501
3,601
1 622
12,301
r
1 511
11 486
1, 738
1 , 362
3, 681
1 670
11,807
1,580
10, 749
1,619
1,189
3, 276
1,364
3,616
3,669
2,448
2,141
3,065
2 072
2 255
2 808
2,366
1,866
1 630
Nondurable-goods industries total
Industries with unfilled orders 9
Industries without unfilled orders^
13, 671
3, 053
13, 177
13,515
2,877
12, 859
do
- - do
do. .
New orders, net (seas, adjusted), total§. -
do
1, 758
1, 144
3,431
1,523
3,520
2,785
10,618
10, 392
3,724
2, 006
1, 599
3, 666
1, 475
4,020
1 762
r
13, 407
2,154
1, 361
3,742
1, 727
2 674
3, 560
15 272
3, 420
14,013
11,852
3,161
10, 852
27, 903
27, 899
* 13 530
2,334 rr 2, 414
1 578 T 1 602
4,242 T 3, 975
1 703
1 849
13 654
2 147
1 564
4, 128
1 944
13 375
3 001
10, 374
13 546
2 920
10, 626
13 632
2 998
10, 634
2,806
10, 766
14, 289
3,139
11, 150
14 554
10, 086
13 600
3, 008
10, 592
13, 572
10, 638
2,773
13, 395
2, 341
1, 666
rr 3, 929
I 722
r
r
2, 136
1,673
3,096
11,458
r
r
r
r
26, 030
25, 060
24, 369
24, 110
24, 758
24, 498
24, 998
25, 785
26, 450
26, 096
27, 047
Durable-goods industries, total §O
do
Primary metal _
- _ _ ._ - - do Fabricated metal
do
Machinery (including electrical) § _
. - - do
Electrical
do
Transportation equipment (including motor vehicles)
mil. of doL.
12, 362
1, 686
1,243
11, 399
1,512
1 213
10 704
1, 556
1 239
10, 688
1,369
1 176
12.177
2,063
12 859
1 407
1 720
12 245
1 952
1 496
3 592
1 511
12 512
1 491
10 833
1 543
1 230
3 596
1 470
11 423
1 671
1 322
1 620
11 488
1,371
1 175
3,511
1 653
3,345
2,932
2,356
2,361
3,317
2,093
2,265
2, 678
2,691
2,245
1,946
Nondurable-goods industries, total
Industries with unfilled orders 9 .
Industries without unfilled orders^
13, 668
13, 661
13 665
13 422
13 270
10 759
10 592
10 350
2,920
13 540
2 828
10 712
13, 919
10 634
13 575
2 920
10 655
13 938
10, 675
13 665
3 193
10 472
10 984
10, 929
14 188
3,127
11 061
' 14 373 14 245
r
3, 099
3, 196
r
11 146
11 177
do
_ _ _ . do .
do
Unfilled orders, end of month (unadj.), total
3,652
2,993
3,422
3,027
3,336
2,906
3,545
2,830
do ._-
51, 977
50, 697
49, 103
47, 836
47, 504
46, 510
Durable-goods industries, totalO
do
Primary metal
_ _ _ _ _ _ _ _ _ - do. Fabricated metal
do
Machinery (including electrical)
_ - do
Electrical
- - _- do
Transportation equipment (including motor vehicles)
mil. of dol
49, 389
5, 187
3, 630
17, 731
48, 127
9,299
45 372
4, 263
3 199
16, 548
9 075
45 059
3 483
17, 120
9,123
46 563
4, 467
3 343
16, 703
8 947
18, 576
18, 750
18 132
2, 588
2 570
2 540
9,270
10, 575
1,173
93
194
213
559
114
Nondurable-goods industries, total 9
do
3*690
1 674
2,044
1 501
3,770
1 650
2,954
1, 523
3, 851
1,578
2,990
r
2, 835
3,089
46, 116
46, 353
46, 747
46, 700
46, 232
* 46, 079
46, 434
017
757
038
184
143
43 543
44
3
3
16
9
036
694
102
230
629
43, 963
3, 800
3, 109
16, 281
9, 530
43
3
3
16
9
43 388
r
3, 908
r
3 068
r
16,
125
r
9 391
43 685
3 050
16 093
9 287
43 686
3' 558
3 034
16 084
q 425
r
3 099
16 327
9 144
44
3
3
16
9
17 466
17 763
17 °03
16 783
16 954
16 884
16, 647
16 184
r
16 435
2 464
2 445
2 493
2 573
2 667
2 711
2, 737
2 655
13, 080
10 466
11 670
11 329
11 943
11 991
12 454
12, 234
1,080
1,279
1,238
1,495
1,458
1 341
1 260
1 253
88
174
208
514
96
78
176
219
676
130
79
177
208
662
112
121
202
281
750
141
116
209
257
737
139
108
207
242
659
125
99
161
235
640
125
99
181
255
613
105
52, 899
45, 325
64 442
65 295
71 555
83 977
56 246
61 445
2, 611
13 420
3,072
3
8
24
23
5
309
747
331
038
870
4 470
11 921
23 311
23 531
8 322
13 497
9 612
29' 538
23' 657
7 673
3
10
17
18
5
7
7
18
21
5
54. 1
60.0
59.7
4,796
4,040
0 700
577
867
0%
308
534
16 270
r
4,074
3 012
16, 108
9 384
2 691
2,749
12 932
13, 633
12, 090
16, 446
1,127
1 039
1,271
1,121
1,082
106
158
206
549
108
87
163
187
506
96
99
176
215
657
124
97
176
190
550
108
88
176
185
515
118
65 375
50 765
48 103
47 268
56 718
57 069
4
13
22
18
5
164
966
673
784
788
3 126
8 687
15 742
14 347
8 863
2
7
18
14
5
046
841
167
112
937
5 306
6 771
12 141
16 103
6 947
5 881
9 483
19' 496
16 549
5 309
3
10
18
14
10
58.2
54.0
53.4
57.4
55.9
51.3
BUSINESS INCORPORATIONS^
New incorporations (48 States)
number
INDUSTRIAL AND COMMERCIAL FAILURES^
Failures, total
Commercial service. _
Construction _
Manufacturing and mining
Retail trade
Wholesale trade
__number__
-_
Liabilities (current), total
do ._
do
- do__
do
- .. do
thous of dol
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade
do
do
do
_ -.-do.- .
do
18,061
12,895
5, 912
5 713
14, 985
16, 028
5, 527
3 364
9 868
24 917
20, 788
5 505
Failure annual rate (seas. adj.)*_.No. per 10,000 concerns.
56. 0
51. 9
53.2
812
771
912
279
472
719
390
959
692
685
55.3
57.3
590
058
411
397
613
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
Prices received all farm products $
1910-14=100
242
243
247
252
263
264
264
255
254
°51
258
^52
251
246
223
234
263
150
221
219
256
239
151
221
224
332
232
146
217
229
376
211
148
219
245
408
220
152
224
252
362
236
162
223
246
314
246
163
221
232
232
246
167
197
228
2og
260
165
190
225
181
281
163
190
232
183
292
160
195
227
210
281
153
199
225
v45
274
145
200
920
228
256
1 54
198
do
do
do
do
187
235
167
473
180
237
170
466
183
233
178
474
201
229
204
475
228
234
272
475
271
237
268
475
268
238
224
475
277
239
180
474
253
227
185
473
239
232
142
483
280
920
129
482
245
214
118
501
227
215
129
485
212
215
136
505
do
do
do
do
__do. .
258
280
277
188
271
263
275
293
185
262
267
269
308
174
256
273
266
324
169
249
280
261
336
187
229
275
249
339
172
212
280
244
355
168
204
275
241
348
163
212
277
246
347
166
910
275
255
338
166
9
10
280
264
339
174
207
275
971
330
164
202
274
272
326
164
203
270
270
323
157
203
Prices paid:
All commodities and services
do
Family living items .
__
do
Production items
do
All commodities and services, interest, taxes, and
wage rates
1910-14=100
275
289
260
276
289
263
277
289
264
278
290
265
281
293
269
282
293
271
283
294
271
282
993
270
282
293
270
281
291
269
281
290
272
9#2
991
271
9
83
293
272
°82
291
273
298
299
301
302
304
306
306
305
305
304
305
307
ono
3QH
81
81
82
83
87
86
86
84
83
83
85
89
8T
R()
Crops..
_ _.
_ _ ._ .- do
Commercial vegetables, fresh market
do
Cotton
do
Feed grains and hay
__ __ do
Food grains
_do
Fruit
Oil-bearing crops
Potatoes (incl. dry edible beans)
Tobacco
_
_ _ __
Livestock and products.
Dairv products
Meat animals
Poultry and eggs
Wool
Parity ratio© __
_
_
do
shown separately.
9 Includes textiles, leather, paper, and printing and publishing industries; unfilled orders for other nondurable-goods industries are zero.
1For these industries
(food, beverages, tobacco, apparel, petroleum, chemicals, and rubber), sales are considered equal to new orders.
o*Data are from Dun & Bradstreet, Inc.
*New series; based on number
of concerns listed in Dun & Bradstreet Reference Book. Data back to 1934 are available upon request.
JRevised beginning January 1955 to incorporate the latest revisions in the price
series for individual commodities; unpublished revisions (prior to April 1957) will be shown later.
©Ratio of prices received to prices paid (including interest, taxes, and wage rates).
SURVEY OF CURRENT BUSINESS
S-6
IS 57
ed. statistics through 195G and
shown in the 1957 edition of Novem- DecemBUSINESS STATISTICS
3 TICS
ber
ber
1
January 1959
19 58
January
February
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
COMMODITY PRICES—Continued
RETAIL PRICES
All commodities (U. S. Department of Commerce
index)
1935-39 = 100
Consumer price index (U. S. Department of Labor):
All items
1947-49=100. .
\ p par el
Food 9
Dairy products
Fruits and vegetables
Meat^ poultry and
Housin<T 9
Oas ind electricity
Housefurnishings
Rent
Medical care
Personal care
Rcadin 0 " and recreation
Transportation
Private
Public
Other goods and services
-
fish
__
-
_
- - -
- -
--
- - - - -
-
217.4
217.2
217.8
218.0
220.0
220.6
220.6
220.6
221.0
220.5
220.7
220 3
220 8
1
121.6
121.6
122.3
122.5
123.3
123.5
123.6
123.7
123.9
123.7
123.7
123.7
clo.
do
do . .
do
do . -
107.9
116.0
114.5
114.6
104.6
107. 6
116. 1
114. 6
113.9
106.0
106.9
118.2
114.6
121.9
110. 2
106. 8
118.7
114.5
124.4
112.0
106. 8
120.8
114.1
130.7
114.4
106.7
121. 6
112.5
136. 6
115.9
106. 7
121.6
111.8
137.4
116.6
106.7
121.6
111.7
134.3
118.3
106.7
121.7
112.4
131 9
119.2
106.6
120. 7
113.0
124 9
1J7. 7
107.1
120.3
111 1
120 7
115.8
107.3
119 7
114.5
121 0
114.6
107
119
114
121
113
do _
do
do__ .
do ___
do
do _ _
126. 8
114 3
104. 5
136. 3
140.3
126.7
127.0
114.3
104. 9
136. 7
140.8
127.0
127.1
115.7
104.2
136.8
141. 7
127.8
127.3
115.9
104.9
137.0
141.9
128.0
127.5
115 9
103.9
137.1
142.3
128.3
127.7
116 0
104.0
137.3
142 7
128.5
127.8
116.5
104.0
137. 5
143.7
128.5
127.8
116 9
104. 1
137.7
143. 9
128. 6
127.7
117 0
104.0
137.8
144 0
128.9
127.9
117 5
103.3
138.1
145 0
128.9
127.9
118 0
103 6
138.2
146 1
128.7
127 9
118 1
103 4
138 3
146 7
128 8
1?8 0
118 1
103 5
138 4
147 0
129. 1
do
do
-do
do ... .
.do.
114.4
140.0
129.7
182.8
126.8
114 6
138.9
128. 6
182.4
126. 8
116 6
138.7
128.4
182.4
127.0
116.6
138.5
127.9
185. 4
127.0
117 0
138.7
128.0
185. 9
127.2
117 0
138.3
127. 6
186. 1
127. 2
116.6
138. 7
128.0
186. 1
127.2
116. 7
138.9
128.0
187.7
127.2
116 6
140 3
129.3
189.5
127.2
116 7
141.0
130. 1
189.5
127.1
116 6
141 3
130.4
189.8
127.1
116 6
142 7
131 8
190.4
127 2
117 0
144 5
133. 6
101.1
127.3
118.1
118. 5
118.9
119.0
119.7
119.3
119.5
119.2
119.2
119.1
119.1
119.0
119.2
119.2
95.3
125.3
119.6
96.4
125.4
119.9
97.5
125. 4
120.6
99.5
125. 0
120. 6
101.5
125. 0
121.4
100. 3
125.1
120. 9
101.7
124.9
121.0
100.7
124.7
120.7
100.0
125. 0
120.8
99.1
125. 3
120.6
98.4
125. 4
120.9
98.0
125 4
120 6
98.4
125 7
120.6
97.1
126 3
120.5
WHOLESALE PRICES^*
( 17. S. Department of Labor indexes}
All commodities
1947-49=100-.
By stage of processing:
Crude materials for further processing
do ... .
Intermediate materials supplies, etc
- do
Finished goods©
-do -
r
123 9
7
4
5
1
5
98.5
92 3
91.9
92.6
93 7
96 1
97 7
95.6
95.0
93 2
93 1
100 5
92 1
90 7
Farm products 9
do
T
123.4
106.3
108.3
130. 4
103.0
106. 0
121.2
127.9
96.9
97.6
143 1
Fruits and vegetables fresh and dried
do
99 1
100 0
102 6
84.2
80.9
80.5
79.0
79.9
81.3
79.8
77.3
76.1
82.2
85.7
75.3
76. 1
Grains
-- do
76 8
99.8
96.7
79.3
82.6
91.1
98.8
94.0
86 2
94.5
91.5
95 8
90 1
87 6
Livestock and live poultry
do
88 4
112.9
107.4
106.5
109.9
111.5
112.7
109.5
113.5
111.3
111.1
110.7
109 5
108 8
Foods processed 9
do
110 0
117. 6
118.3
118 1
117. 9
118 0
118 4
118 5
117 5
116 9
117 8
117 8
118 0
117 4
Cereal and bakery products
do
118 2
114. 5
110.8
114.7
114.2
114.2
111.4
111. 1
111.6
112.4
113.9
113 4
113 6
113 7
Dairy products and ice cream
do
113 6
r
108.2
103.8
104.6
105.6
105.7
107.6
110.3
111.3
111.8
Fruits and vegetables, canned and frozen
do
106.8
111.4
113.0
112 1 T 112.9
93.6
112.8
95.5
112. 1
108.2
102.7
108.5
114.1
107 1
102 5
101.7
105 9
101 4
Meats poultry and
fish
do
103 5
125.9
126.1
125.3
126.2
126.1
125.7
125.5
125.3
126.1
Commodities other than farm prod, and foods -_do
125.7
125.6
126.8
127.2
126.4
110.3
110.8
110.6
110.4
109.9
110.8
111.0
110.7
110.0
110.2
110.6
110. 7
110.0
Chemicals and allied products 9
do
110 2
123.9
123.6
123.9
123.9
124.3
123. 5
123.6
123.6
123.1
122.8
122.7
123.7
123.7
Chemicals, industrial
_- -do
123 6
93.4
93.5
94.1
94.3
94. 5
94.4
94.4
93.6
93.6
94.4
93
2
93 2
Drugs and Pharmaceuticals
do
94.0
93 9
T
65.2
61.5
65.4
61.9
63.1
62.9
62.2
62.5
62.5
64. 7
64.2
61.7
61.5
Fats and oils, inedible
do
62.6
107.7
107.8
110.3
110.4
104 4
104.3
110.7
110.3
110.3
108.0
105 2
105 3
110 3
Fertilizer materials
do
106 3
128.1
128.4
128.4
128.4
128.2
128.2
128.4
128.4
128.2
128.2
128.2
128.2
128.4
Prepared paint
- do
128 2
115.7
110.3
114.1
116.2
110.7
111.9
116.1
113.6
113.7
112.6
Fuel, power, and lighting materials 9
do
112.4
111.0
112.9
113.0
r
119.7
125.8
126.3 2 126. 1
126.2
119.8
120.3
121.9
122.7
126.2
121. 1
123 8
123.7
Coal
do
123 8
100.0
100
8
100
0
100
1
100
0
100
1
100.
1
100
8
Flectric power
January 1958— 100
100
1
100
8
100 7
100
9
2
98.3
97.4
104. 1
100. 0
101. 5
98.1
102.0
106
0
97.9
107 8
Gas fuels
do
101. 1
106 3
114.7
123.5
118.9
123.5
115. 8
115.3
117.1
119.2
119.7
123.0
116.9
117.2
Petroleum and products
_
1947-49= 100
117.0
117 5
123.4
122.7
123.2
123.2
T 122 7
123.5
123. 8
123. 6
123.0
123.0
123.0
123. 5
122 8
Furniture other household durables 9
do
123 0
104.9
105.1
105.4
105.3
104.9
105.4
105.3
104.8
104.0
105.3
104.7
Appliances, household _ _ - _ _
- -do
103.8
103.8
104 2
r
122.8
122.8
122.8
122. 8
122.6
123. 1
123.3
122.5
122.6
122. 8
122.8
123 7
123 9
Furniture household
do
123 0
91.1
93.4
93.3
92.5
91.2
92.2
92.6
91.3
Radio receivers and phonographs.. _ ... do
93.0
91.3
92.6
'90.2
89.6
91 3
r
o
71.4
71.6
70.7
71.2
70. 7
70.7
71.2
70. 7
70.0
71. 1
71.2
Television receivers
do
69
3
69 3
n
99.9
100.3
99.7
100.3
100.2
99.5
99.5
99.6
100.5
100.0
99.5
*
102.
3
103.6
Hides skins and leather products 9 do
101 4
r
121.8
122.0
122.0
122. 0
121.7
121.8
121.8
121.8
121.9
121.8
121.9
122 9
123.1
Footwear
_ _ _ _ _
do
122 8
eo n
55.4
53.3
58.1
60.4
59.0
53.8
50.3
50. 5
51. 2
57.0
65 1
51. 2
66 6
Hides and skins
do
91.1
91.2
90.8
91.8
91.5
91.5
91.3
90.7
90.6
91.0
91.1
94.7
99.2
Leather
-do
92 8
115.9
116.8
120.4
116.9
115.8
115.7
116.4
118.6
116.3
116.3
115. 5
120.0
119.6
Lumber a n d wood products
_ _ _ _ _
do
1 9O 8
r
116.7
116.4
115.9
116.8
116.7
121.0
117. 1
116. 2
119.0
116. 5
115.9
120 2
119 9
Lumber
do
149.4
149.4
149.4
149.4
149.2
149.3
149.5
149.5
149.4
149.2
149.5
151.2
Machinery and motive products 9
~ do
151.5
149 9
r
138.4
138.4
138.5
138.9
137.3
138.3
138.4
138.3
138.3
138.3
' 137. 7
141
5
142 5
Agricultural machinery and equip.
do
139 2
165.4
165.5
165. 3
165. 6
165. 4
165. 5
165.6
165. 6
166.0
165. 2
165. 6
Construction machinery and equip
do
^T 168. 0
169.6
166.8
151.8
152. 3
151.1
152. 8
151.2
151.3
152.6
152.6
152.5
151.2
151.3
152.
4
152.4
Electrical machinery and equipment-do
152 5
r
139.0
138. 7
139.1
139.0
139.1
139.1
139.0
139.0
139.0
139.0
139. 1
143 0
143 3
Motor vehicles
do
139 7
r
148.6
148.8
148.6
148.8
150. 4
150. 5
150.0
150. 1
149.8
150.8
151.3
153. 0
153.0
Metals and metal products 9
do
152.2
120.8
121.2
121.0
121.2
122. 1
120.8
121.4
121. 5
121.5
121.3
120.7
121.5
121 7
Heating equipment
do
121 4
T
r 1J1 4.
166.4
166.2
166.7
167.0
166. 5
166. 5
166.6
167.6
167.3
171.3
171 8
172 0
Iron and steel
do
171 7
123. 9
124.1
124.8
130.6
128.7
127.8
124.9
126.1
130. 8
127.0
127.3
133.7
Nonferrous metals
_
do
133 1
130 8
135.4
135.4
135. 2
135. 4
135. 7
136.4
135.3
135.3
136. 5
135 2
136 7
Nonmetallic minerals, structural 9
do
136 7
136 9
136 7
r
155.5
155.6
155. 6
155. 6
155. 3
155.5
155. 1
155.5
155. 5
155.6
158. 2
Clay products
do
158. 4
158. 8
158.2
r
r
128.4
127.2
128.0
128. 5
128.5
126.7
127.8
127.9
128.0
128.3
128.0
Concrete products
-_.
- -_ -do . _
128 1
128 4
1"8 1
133.1
133.1
133.1
127. 1
127. 1
127. 1
127. 1
133.1
Gypsum products
do
133. 1
133 1
133 1
133 1
133 1
133 1
130.5
130.5
130.5
Pulp, paper, and allied products
___
do
130.9
131.0
131.0
131.0
130.8
130.8
130.5
131 7
131 9
131 4
131 9
T 142 l
141.8
143 3
143.2
Paper
do
143.2
142.9
141.8
141.8
143 1
143 0
141 8
141 8
142 1
142 0
143.8
144. 7
145. 7
144. 7
145. 1
144.5
144.2
144 4
Rubber and products
- - - do
144.6
145 2
144.6
146 6
146 7
146 1
152.1
153 5
152 1
152 1
152 1
Tires and tubes
do
153 5
152 1
152 1
152 1
152 8
152 8
152 8
152 8
152 8
94.9
93.7
93.5
93.3
95.0
94. 1
93.3
Textile products and apparel 9
do
94.6
94.0
93 3
93 3
93 1
93 2
93 2
r
99.1
99.6
99.6
99.4
99.2
99.1
99.3
Apparel
do
99.2
99.3
99.3
99 3
99 2
99 2
99 3
88.5
90.2
88.3
87 6
87 4
Cotton products
do
89.8
90 2
89 3
89 0
87 7
87 9
88
0
88 6
87 8
119. 5
Silk products
do
119.6
119. 5
116.1
109.9
116 3
117.5
116. 1
116.5
116.2
115 8
106 0
105 1
107 1
82.1
Manmade fiber textile products
_do
82.3
81.2
80.5
80.3
80.4
80.0
81.3
81.0
80.1
79.7
79 3
79 4
79 7
Wool products
do
107.4
105. 8
100. 5
105. 1
103 8
102 8
101 3
100 5
100 4
99 6
101.6
97 9
97 5
98 4
Tobacco mfs. and bottled beverages 9
__do
127.8
128.0
128. 1
128. 1
128.0
128.0
128.0
128.0
128.0
128 0
128 0
128 8 r 128 7
128 7
T 121 7
Beverages, alcoholic
do
119.8
120.3
120.3
120 3
120 3
120 3
120 3
120 3
120 3
120 3
120 3 T 121 7
121 7
Cigarettes
do
134.8
134.8
134.8
134.8
134.8
134.8
134.8
134 8
134.8
134 8
134 8
134 8
134 8
134 8
87.2
Miscellaneous
__do _ 86.8
88.3
94.3
96.2
95 6
89.3
97.8
93.7
97.2
92 5
91 2
93 2
100 9
Toys, sporting goods
do
117.9
118.0
119.4
119.1
119.1
119.1
119.5
119.1
119.1
118.6
119.3
118.6
118.6
118.6
r
Revised.
1 Index based on 1935-39=100 is 207.2.
2 Comparable data prior to January 1958 are not available.
9 Includes data not shown separately.
d" For actual wholesale prices of individual commodities, see respective commodities.
J Revised beginning January 1958 to incorporate
revised weighting structure reflecting 1954 values. Figures are directly comparable with data for December 1957, with the exception of the electricity and gas components (see footnote 2).
© Goods to users, including raw foods and fuels.
r
January
SURVEY OF CURRENT BUSINESS
1959
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of Novem- DecemBUSINESS STATISTICS
ber
ber
S-7
1958
January
February
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
COMMODITY PRICES—Continued
PURCHASING POWER OF THE DOLLAR
As measured by —
Wholesale prices
Consumer prices
1947-49= 100..
do
84.4
82 2
84.7
82.2
84.1
81.8
84.0
81.6
83.5
81.1
83.8
81.0
83.7
80.9
83.9
80.8
83.9
80.7
84.0
80.8
84.0
80.8
84.0
80.8
83.9
80.7
183.9
4,548
4,707
4,751
T
4, 745
r
4, 448
4,024
3, 184
r
3, 119
2,887
1 764
1,r 340
r
1 605
1, 260
370
1 741
I 330
'354
750
175
319
134
519
760
178
327
114
487
722
176
305
100
444
1, 561
1,329
1,137
379
125
485
340
361
110
350
316
1
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITY*
New construction (unadjusted), total
mil. of dol__
Private, total 9
New construction (seasonally adjusted), total
Private, total 9
3,636
4,000
4,347
2,408
2,270
2,410
2, 551
2,752
2, 959
3,082
3,153
3, 172
1 524
1 140
333
1 365
1 050
265
1 165
895
220
1 078
810
219
1 177
890
239
1 289
945
296
1 421
1,015
355
1, 559
1, 125
382
1 645
1, 205
388
1 708
1, 275
382
1 732
1,315
366
r
842
287
332
114
510
799
277
306
100
459
746
274
270
100
385
705
252
258
104
372
689
235
262
113
419
677
218
263
126
446
698
204
285
146
470
735
193
315
160
486
754
185
326
169
494
743
179
316
173
512
741
174
315
161
520
do.
1,169
1,026
918
836
932
1,085
1,248
1,388
1,466
1,554
1,579
do
do
do
do
368
108
405
288
343
97
334
252
343
87
230
258
312
73
220
231
350
77
235
270
374
80
335
296
386
88
455
319
411
95
545
337
421
105
585
355
428
120
635
371
430
135
645
369
do
4,102
4,175
4,068
4,004
3,966
3,881
3,879
3,929
3, 981
4,041
4,119
r
4, 279
r
4, 378
4,473
do
2,902
2,882
2,830
2 796
2,757
2,699
2,696
2 725
2 760
2 799
2,847
T
2, 944
r
3 015
3,049
1,472
1,461
1, 445
1,435
1,397
1,351
1,348
1,386
1 434
1 496
1,540
r
1, 623
T
1 682
1, 715
796
281
305
134
485
790
272
304
133
483
769
269
288
134
469
748
252
281
134
466
742
240
288
133
471
733
222
294
133
468
733
210
302
133
466
729
195
311
134
459
724
187
308
133
453
702
179
294
133
453
695
172
291
135
460
706
172
296
134
464
717
175
302
134
464
716
173
305
134
467
1,200
1,293
1,238
1,208
1,209
1,182
1, 183
1 204
1,221
1 242
1,272
r i 335
1 363
1,424
382
104
422
386
110
514
382
107
451
360
96
458
374
95
443
380
88
414
375
90
410
384
86
426
385
94
424
383
102
432
390
112
436
' 406
395
120
505
408
125
538
2,371
867
1,504
1 982
734
1,249
2 066
758
1 308
1 953
769
1 185
2 721
1,027
1 694
2 881
1,053
1 828
3 403
1,463
1 939
3 820
1,720
2 100
3 607
1 550
2 058
3 467
1,233
2 234
3 216
1,049
2 167
3 309
1 071
2 238
2 594
61, 260
878
51, 043
699
54, 942
759
52 313
751
66 456
967
63 836
958
76 099
1, 124
68 128
976
75 453
1 076
75 653
1,079
62 943
892
69 698
57 331
955
775
86, 424
930
67, 225
759
71 653
777
67 672
727
97 732
1,071
113 755
1 240
124 189
1 346
125 122
1 364
140 037
1 557
131 709
1 451
130 373
1 460
143 784
1 595
107 112
1 206
444
381
328
358
501
551
713
876
723
705
541
532
518
118
144
201
117
183
132
220
603
250
232
323
228
95
1,232
967
1,259
1 175
1,398
1,583
2,314
1 900
2 482
1 622
1 348
1 621
1 112
3,950 2 11, 386
5,488
4,554
7, 553
470
5 500
1 584
1 3 328
2 239
7 439
3 651
11, 637
3 685
4 261
3 691
11, 045
2 475
5 633
2 938
17, 842
6 631
7 475
3 737
11 173
1 256
6 520
3 398
10 354
512
6 609
3 233
7,905
8 589
209
2 640
1 705
143
604
5 189
2 572
5 697
2 288
do___
Nonresidential buildings
_ do
Military facilities!
do
H igh way
do
CONTRACT AWARDS
Construction contracts in 48 States (F. W. Dodge
Corp.):t
Total valuation
mil. of dol
Public ownership..
__ do.
Private ownership
do
Nonresidential buildings:
Floor area
thous. of sq. ft
Valuation ..
__
_. mil. ofdoL.
Residential buildings:
Floor area
thous of sq ft
Valuation
_
mil. of dol
Public works:
Valuation
_
do
Utilities:
Valuation
do
Engineering construction:
Contract awards (ENR)§ .
3,342
2,737
Residential (nonfarm)
do
Nonresidential buildings, except farm and public
utility, total 9 __ ___
mil. ofdoL.
Industrial!
. do
Commercial^
do
Farm construction
_ do_ __
Public utility
do
Public, total 9
3,106
3,005
Residential (nonfarm) 9
do
New dwelling units
do
Additions and alterations
do.
Nonresidential buildings, except farm and public
utility, total 9
mil of dol
Industrial
_
._ do
Commercial
do
Farm construction
-_do
Public utility
do
Nonrcsidential buildings
Military facilities .
Highway
Other types
3, 326
r
do
Public, total
3,763
4,174
mil. of dol
Highway concrete pavement contract awards :cf
Total
_ _ _
thous. of sq. yd__
Airports
_ _
do
Roads
do
Streets and alleys
do
65
2,355
1,530
NEW DWELLING UNITS
( U. S. Department of Labor)
New permanent nonfarm dwelling units started:
Unadjusted:
Total, privately and publicly owned... thousands..
Privately owned, total
do
In metropolitan areas
_
do
Publicly owned
do
Seasonally adjusted at annual rate:
Privately owned, totalj
do
Residential construction authorized, all permit -issuing
places:
New dwelling units, total .
thousands
2
2
779
7, 817
2 790
196
3 972
1 320
r
r
r
r
427
140
630
r 3(54
118
470
288
927
1 667
1 352
78.2
63.4
67.9
66.1
81.4
99.1
108.5
112.9
112.8
124.0
••121.0
111.0
102.0
91.0
75.7
50.8
2.5
62 5
43.1
.9
62.9
43.3
5.0
61 0
42.1
5 1
77 3
51.8
4 1
94 2
65.0
4.9
101 3
69.5
7.2
101 3
70.6
11 6
108 6
78 1
4 2
114 6
78 3
9 4
r HO 9
109 0
77 0
2 0
100 0
70 9
2 0
89 5
62 7
1 5
1, 009. 0
1,000 0
1, 020. 0
915 0
918 0
983 0
1, 039. 0
1,057 0
l 255 0 1 260 0
1 330 0
1 430 0
49.8
54.6
50. 7
71.2
88.0
92.0
95 8
3
3
3
58. 7
1 174 0 1 228 0
98 5
T
95 7
T
r
r
76 9
10 1
100 8
100 7
55. 5
53.1
48.8
85 4
86.2
Privately financed, total
do
47.7
68 4
88 5
96 4
93 5
98 6
'r 91 6
45. 1
38.2
40.4
36.4
52.2
Units in 1 family structures
do_ _
68.0
66.3
71.3
74 7
72 9
79 0
75 3
3
2.
5
2.3
2.4
2
2
Units in 2 family structures
do
3
1
3
7
3
4
3
0
3
4
3
4
3
3
3 7
3
r
8.2
10.4
7.
9
13.2
9.1
Units in multifamily structures .._ .._ do
15.3
14.8
14
2
15 9
18
5
14
8
15
3
3
Publicly financed, total
__ _ do
3. 2
1.0
1.4
2.9
2.7
2.6
5.8
M.I
7.3
2.1
7.2
2.1
r
Revised.
* Preliminary.
1
2
Indexes based on3 1935^39=100 are as follows: Measured by—wholesale prices, 43.9 (December); consumer prices, 48.3 (November).
Data include some contracts awarded in prior month s
but not reported.
Revisions for October 1957 for new dwelling units authorized (thous.): Total, 80.0; privately financed—total, 75.2; 1 family, 60.6; 2 family, 3.1; multifamily, 11.5; publicly
financed, 4.8.
^Revisions for the indicated series are available as follows: Construction activity for 1956, the June 1958 Construction Review, and for January-September 1957, the December 1958 issue;
dwelling units started (1946-57), p. 19 of the November 1958 SURVEY.
9Includes data not shown separately.
^Data prior to December 1956 are available upon request.
f Revised
series, reflecting nationwide coverage and new techniques for compiling data on residential buildings. §Data for January, May, July, and October 1958 are for 5 weeks; other months, 4 weeks.
c^Data for December 1957 and April, July, and September 1958 are for 5 weeks; other months, 4 weeks.
SURVEY OF CURRENT BUSINESS
S-8
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of Novem- DecemBUSINESS STATISTICS
ber
ber
January 1959
19 58
January
February
March
April
May
June
July
DecemOctober NovemAugust September
ber
ber
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES
Department of Commerce composite - 1947-49=100 American Appraisal Co., The:
Average, 30 cities
-- -1913 = 100.
Atlanta
do
N e w York
_
_
__
do
San Francisco
do ..
St. Louis
do
Associated General Contractors (all types)
do
E. H. Boeckh and Associates: §
Average, 20 cities:
Apartments, hotels, and office buildings:
Brick and concrete
U. S. avg. 1 926-29 =100_.
Brick and steel
_ -_do
Brick and wood
do
Commercial and factory buildings:
Brick and concrete
do
Brick and .steel
__ _ do
Brick and wood
do
r
138
137
137
137
137
138
138
139
139
139
139
139
139
672
730
712
624
665
491
672
729
711
622
664
490
673
729
730
621
667
493
673
732
730
620
667
493
674
737
730
619
667
493
675
737
730
619
666
494
677
737
730
619
670
498
680
737
730
635
670
498
681
737
736
635
670
502
683
738
737
637
671
503
690
756
741
639
671
504
691
756
741
640
671
504
691
756
741
641
671
504
692
756
741
641
671
.504
290. 7
284. 3
282 1
291. 1
284.4
282 3
291. 5
284.4
282.4
291.4
284.2
281. 5
290.7
282.8
280. 7
291.4
283. 0
281. 1
292.2
283. 5
281.6
294.7
285. 8
283. 4
296.1
286.9
284.3
296. 7
287.7
285. 5
296. 9
288.0
285. 6
298.3
289.6
286 7
298.8
290 1
287 0
299. 6
290 7
287 4
300 5
300. 5
282.2
278 4
288 3
301.0
300.8
282. 3
278 5
288.4
301.7
301. 2
282. 5
278 7
288. 6
302. 0
301.3
282.1
277.0
288.7
301. 3
300.8
281.4
276. 2
288.0
302. 3
301. 7
281.8
276. 8
288. 5
303. 4
302. 5
282.2
277.2
289.0
305. 9
304. 5
284.2
279. 5
290.7
307.6
305. 8
285. 1
280.3
291. 5
308.3
306. 6
286.0
281 8
292. 1
308. 5
307. 2
286.2
281 8
293 2
309 7
308.1
287.1
282 7
293 8
310 1
308 7
287.4
282 9
294 4
3H o
309 5
287.8
283 ''
295 0
282 5
do
273 7
Engineering News-Record :d*
152.7
Building
.
1947-49 = 100.162 9
Construction
_
do
Bu. of Public Roads— Highway construction:
Composite standard mile
1946—100
CONSTRUCTION MATERIALS
Output index, composite, unadjusted _ 1947-49=100 . i r1 114.4
119.2
Seasonally adjusted
do __
126.7
Iron and steel produces, unadj
.
do
107 8
Lumber and wood products unadj
do
149.6
Portland cement unadi.^f
do
REAL ESTATE
Home mortgages insured or guaranteed byFed Hous Adm • Face amount
thous. of doL_ 231, 192
213, 029
Vet Adm * Face amount
do
Federal Home Loan Banks, outstanding advances to
1,143
member institutions
mil of dol
New mortgage loans of all savings and loan associa768
tions, estimated total
- --. mil. of doL .
By purpose of loan:
250
Home construction
do
358
Home purchase
do
160
All other purposes
do
New nonfarm mortgages recorded ($20,000 and under),
1,877
estimated total
mil of dol _
Nonfanr foreclosures
number- . 2, 852
Fire losses.
thous. of d o l _ _ 75, 321
282. 0
273 8
282.9
273 9
281.9
272 5
281.2
271.7
281. 6
272.1
282.2
272.4
284.1
274.4
285. 0
275. 2
286. 3
276 4
286 3
276 5
287.3
277 5
287 5
277 7
288 0
278 0
152.8
164.1
152. 5
164. 2
152. 6
164. 3
152.8
164. 6
153. 4
165. 9
154.1
167. 2
155. 1
168. 3
155. 5
168.7
1 58. 2
170 7
158.7
171 1
158.2
170 9
158 2
170 8
158 6
171 8
Steel
Residences:
Brick
do
140.4
143.4
r
141.6
139 2
r
102.0
117.1
115. 3
95.8
133. 9
109. 8
1 18. 0
115.2
112.7
110.6
98.0
110.8
100.7
102.8
84.6
109.7
112.7
116.3
110.5
106. 2
119.2
117.0
121.9
115.3
143.6
131.4
122.9
139.2
119.5
175.1
137.4
128.2
153. 3
117.5
179.9
248, 540
176, 088
306, 392
160,352
278, 834
141,697
319, 198
123, 176
305. 559
85,017
311, 111
72, 703
342, 568
97, 505
367, 940
126, 727
371.405
155. 860
1,265
906
790
696
815
803
929
901
734
723
704
819
920
1,019
1,107
248
324
162
245
308
171
233
289
182
281
318
220
316
354
250
346
406
266
379
461
268
1, 851
2,877
91, 519
1,782
3, 276
99, 918
1,701
2,929
103, 853
1, 866
3,477
102, 722
2. 022
3. 661
99, 061
2, 151
3. 507
85, 633
128. 9
133. 4
122.0
118.7
178. 5
' 138. 9
126.3
129. 3
131.2
189 5
139. 0
132. 9
131. 4
131.8
189 0
143.8
134.2
141. 5
196.5
116 6
167 7
479, 877
189 350
500, 786
239, 396
457 422
216 058
939
1 010
1, 083
1 193
1,180
1,180
1,215
1,290
1, 053
374
511
296
373
538
269
401
537
277
428
570
291
345
469
239
2, 275
3, 663
90, 048
2, 543
3,774
80, 782
2. 535
3, 518
75. 491
2, 596
3,820
73. 303
2, 857
197
199
145
182
150
27
399
T
73, 393
i
71, 539
100. 523
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, seas, adjusted:
Combined index . ' . .
. . . . . . 1947-49 = 100.
Business papers
-doMagazines
_
-..
...
do
Newspapers
do
Outdoor
do
Radio (network) _ . _ _ - do- Television (network) t
1950-52 = 100.
Tide advertising index, unadjusted
1947-49= 100
Television advertising:
Network:
9
Gro c s time costs, total
thous. of dol
\utoinotivc including accessories
do
Drugs 'ind toiletries
do
Foods, soft drinks, confectionery
do- Soaps, cleansers, etc
do.
Smoking materials
do
All other
do
Spot:*
Gross time costs quurterlv total
do
2
208
2? 167
197
2 172
2
41
2
'112
3231.0
214
211
164
209
155
41
420,
184. 1
211
206
163
190
151
34
426
171. 1
207
207
158
184
161
31
415
189.1
207
217
150
184
163
28
422
211.5
204
202
150
183
160
28
431
219. 1
202
208
150
181
155
31
417
219.1
207
198
159
193
160
26
416
203.6
205
193
160
191
176
26
404
172.6
199
190
151
184
163
24
408
163,0
47, 999
5, «73
13, 380
9, 064
5, 635
4. 805
9. 242
49, 742
5, 285
14, 536
9,524
5,771
4. 732
9, 894
49, 607
5, 242
13, 782
10, 170
5, 516
5,219
9, 678
44, 638
4. 720
12.706
9, 263
5, 099
4, 363
8,487
49, 488
5, 347
13, 862
10, 044
5. 520
4, 975
9, 741
47, 651
5, 158
12, 637
9, 570
5, 716
4, 795
9, 770
47,918
5, 162
12, 103
9, 633
5, 696
4,981
10, 342
43, 769
4,068
1 1 , 772
9, 093
4, 706
4, 808
9,323
41,119
2,979
12. 560
9, 051
4, 398
4, 550
7,581
41, 509
3.136
12, 274
8,877
4, 556
4,718
7.949
2211
r 197. 8
r
r
212
198
164
204
150
26
429
242.4
42, 417
52. 504
3, 870
5,178
1
1,
363
14, 537
r
9, 133
10, 783
4. 815
5, 084
4, 933
5, 926
' 8, 303 10, 995
119,062
113, 184
1 30, 353
119,835
1 438
2. 089
1 915
3 025
26, 307
22, 378
20. 329
25. 344
Drugs and toiletries
do
39,
609
32,
282
39,
905
39,
199
Foods soft drinks confectionery
do
10,630
14, 575
16,015
10, 104
Soaps, cleansers,
etc,
.. do- . ..
<r
8.
072
7,
726
8,918
8,
330
Smokin materials
do
32 *^5
38,711
32, 741
34, 437
All other -.do. . - .
69, 727
67, 587
00, 070
58, 303
39, 145
40, 625
54, 409
55 270
38. 422
77, 104
61,224
74, 915
71,529
54, 261
Magazine advertising cost total
do
4, 165
3.215
5,572
5, 424
5, 033
2, 859
4, 410
770
2, 104
3, 770
3, 479
7, 450
5, 273
4, 924
Apparel and accessories
-do
5, 861
5, 201
0, 505
3,741
3,047
4, 134
6, 636
6, 048
2,742
9,727
9, 227 ; 8, 440
6, 355
4. 831
\utomotivo
incl
accessories
do
3,372
3, 894
1,417
2, 272
1 . 025
3, 270
3, 171
1, 138
2, 534
1,280
3,478
2, 684
695
2, 397 '
Build in0" materials
do
6, 214
0, 241
7,231
4. 223
5,311
5, 820
0,618
4, S93
5. 826
4,922
7, 373
7, 968 ! 5, 350
7,026
Drugs and toiletries
do.
5, 360
7, 517
6, 713
8, 301
7, 939
4, 972
7.818
7,141
7, 994 ; 6. 633
6, 879
9, 617
9,080
Foods, soft drinks, confectionery
do- 3,215
3, 444
2, 507
2. 143
3, 475
1,71)8
2,517
3,477
3, 166
5, 839
4. 555
4, 506
4,071
6.399
Beer, wine, liquors
do. 5, 409
0, 540
4, 761
2. 065
2,378
2, 797
7,711
1. 983
4,446
3. 647
7, 643 ! 3, 973
7,099
6,608
Household equip., supplies, furnishings
... do
2, 686
5, 042
4, 562
4,914
4,011
2, 292
3, 082
4, 246
3,916
3, 675
2, 708
592
3,980
6, 273 !
Industrial materials
.
do....
1,003
674
521
1,226
478
1,002
1, 168
456
1,016
719 •
972
1,652
499
375
Soaps cleansers etc
do
1,786
2, 026
1,610
1,276
1,866
2, 561
1,877
2, 051 i
1. 791
2,071
! 2, 05 1
2.709
2, 366
2, 536
Smokin° materials
do
21, 105
20, 364
16, 985
21 , 290
11,711
13, 255
17, 306
12, 973
23. 353
17, 574
16,948
21,771
22, i -'S
19,789
Allother.. . .
do..
r
Revised.
' Revised unadjusted indexes and unpublished adjusted indexes prior to November 1957 will be shown later.
2
Revisions for October 1957: Combined index, 212; business papers, 217; magazines, 159; newspapers, 199; outdoor, 148; radio, 32; television, 407.
3 Revision for October 1957: 238.0.
^Copyrighted data; see last paragraph of headnote, p. S-l.
cfData reported at the beginning of each month are shown here for the previous month.
fData prior to August 1957 will
be shown later.
JRevisions beginning July 1955 appear in the October 1957 SURVEY and later issues.
9 Series beginning January 1958 made available through courtesy of Television
Rureau of Advertising, Inc. (data compiled by Leading National Advertisers, Inc., and Broadcast Advertisers Reports, Inc.). *New series (from Television Bureau of Advertising, Inc.: data
compiled by N. C. Rorabaugh Co., Inc.); data back to 4th quarter 1955 will be shown later.
SURVEY OF CURRENT BUSINESS
January 1959
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
S-9
1958
1957
Novem- December
ber
January
February
March
April
May
June
July
August
SeptemNovem- DecemOctober
ber
ber
ber
DOMESTIC TRADE—Continued
ADVERTISING— Continued
Magazine advertising linage, total
thous. of lines. -
Newspaper advertising linage (52 cities) , total . . _ d o _ Classified
do
Displav, total.
_
_ .. . _do
Automotive
do
Financial . ._ __
.. _
-do _ _
General
do
Retail
.
_ _.
do __
4,971
3,810
4,171
4, 375
5,449
4,835
4,357
3, 615
3,172
4,032
4,990
4, 942
249, 980
52,316
197, 664
19, 476
3,723
32, 294
142, 171
239, 625
46, 007
193, 618
10 584
4,004
26 448
152, 582
197, 123
49, 376
147, 747
11,733
5,643
23 431
106, 941
188, 297
45, 896
142, 401
10 499
3, 205
28 355
100, 342
227, 825
53, 704
174, 122
11 492
3,837
32 017
126, 776
228, 010
53, 490
174, 520
13 314
3, 878
32 660
124, 668
240, 879
56, 766
184, 113
13 729
3,416
34 841
132 127
226, 239
54, 976
171,263
12 564
3, 816
33, 022
121, 860
197, 970
51,455
146,516
10 349
4, 405
25 806
105, 955
211,567
55 555
156, 022
10 028
2 611
23 859
119 526
224, 642
53 406
171 236
8 938
3 522
29 608
129 167
259, 226
55 071
204, 155
17 092
4,131
39 486
143 447
4,678
252.
53
199
13
3
33
149
3, 637
862
268
594
565
672
309
047
PERSONAL CONSUMPTION EXPENDITURES
Seasonally adjusted quarterly totals at annual rates :f
Goods and services, totaL
_
bil.ofdoL
Durable goods, total 9
Automobiles and parts
_.
Furniture and household equipment
Nondurable goods, total 9
Clothing and shoes
Food and alcoholic beverages, _ .
Gasoline and oil
._
do
do
do _
do
._
do
... do.. _ (
do
Services, total 9 _ _
Household operation
_ _
_
Housing
. ._ __ _ ___ _ _ _
Transportation
RETAIL TRADE
All retail stores:
Estimated sales (unadjusted), total
do _ do
do ...
do
mil. of doL.
Durable-goods stores 9 - _ _ -_do
\utomotive group
do
Motor-vehicle, other automotive dealers-do
Tire, battery, accessory dealers
do
287.2
286.2
288.3
291 5
39 6
17. 1
17.0
36 3
13.6
17. 1
35 6
13 5
16.6
36 1
13 2
17 3
138. 8
24.4
76.2
10.2
139.8
23 9
77. 5
10 3
141.4
24 0
78.6
10 3
142
24
78
10
9
8
5
5
108. 7
16.2
36.3
9 0
110. 1
16.4
36 6
9 1
111 3
16.7
36 9
91
112
17
37
9
5
0
2
2
17, 133
19, 844
15,286
13, 783
15, 549
16, 273
17, 364
16, 603
16, 596
17, 000
16,326
17, 360
* 17, 039
5, 514
2, 977
2,790
188
5,999
3 009
2,780
229
4,810
2 810
2, 665
145
4 290
2 471
2,338
132
4 860
2 789
2,633
156
5 261
2 934
2,751
183
5 625
3 082
2,879
203
5 590
3 047
2,842
205
5 444
2 907
2, 692
215
5 360
2 789
2,583
206
5 080
2 447
2, 259
188
5 379
2 613
2,407
205
r 5 343
r 2 756
2, 561
195
Furniture and appliance group
Furniture, homefurnishings stores
Household-appliance, radio stores
do
do
do
962
614
348
1,144
696
447
777
496
282
719
461
259
772
500
272
761
498
263
840
557
284
847
539
308
840
528
312
872
567
305
850
546
304
932
609
323
-•937
613
325
Lumber, building, hardware group - • Lumber, building-materials dealers
Hardware stores
do
do
do
903
674
229
858
575
283
683
511
172
591
437
154
700
521
178
876
652
224
991
734
257
992
754
238
1,002
775
227
1, 005
782
223
1,038
812
095
1,083
841
242
929
704
225
Nondurable-goods stores 9
do
\pparel group
do
Men's and boys' wear stores
do
Women's apparel, accessory stores.. -. do
Familv and other apparel stores
do
Shoe stores
do_
11,619
1 140
13 844
1 790
10 476
9 493
10 688
11 012
1 056
11 739
1 058
11 013
11 153
11 639
11 246
1 042
11 981
1 135
235
448
281
175
532
409
701
445
234
854
183
341
186
144
698
144
278
158
118
958
159
394
227
178
183
420
243
210
191
425
238
202
963
197
358
226
182
867
166
334
206
162
954
160
373
236
185
167
418
256
200
r
11 695
i 119
r
198
457
287
194
2io
451
273
185
556
r 541
r 1 204
1,205
4,233
3,769
1,262
690
538
1,238
4 258
3 742
1,286
1, 133
4 126
3 662
1,209
1 027
3 778
3 342
1,122
1 124
4 103
3 636
1,214
1 171
4 048
3 575
1,252
520
524
1 272
4 418
3' 930
1,335
1 372
4 251
3 767
1,410
539
1 283
4 104
3*621
1,331
538
1 406
4 360
3' 877
1,448
1 276
4 068
3 594
1,346
1 280
4 344
3 875
1, 384
do
_do
do
-do
do
2,008
3 095
1 376
1 553
1 667
1 784
I 035
1 651
'961
1 576
209
606
545
780
105
221
316
1 201
159
310
379
1 768
1 013
1 781
1 049
' 129
1 932
1 146
289
360
147
305
384
308
390
Estimated sales (seasonally adjusted), total.. do
16, 562
16, 846
16,718
16, 089
16, 066
16, 502
5,606
3 159
2,975
184
5,588
3 087
2,899
188
5 538
3 094
2,906
188
5 055
2 741
2,565
176
5 020
2 665
2, 485
180
5 163
2 769
2,584
185
Drug and proprietary stores
Fating and drinking places.
Food group
Grocery stores
Gasoline service stations
_ do
_ do
do
_do
do
__
General-merchandise group 9
Department stores, excl. mail-order cT_
Mail-order (catalog sales)
Variety stores
Liquor stores
Durable-goods stores 9
- . do_
Automotive group
do
Motor-vehicle, other automotive dealers.do
Tire, battery, accessory dealers
do
507
664
97
203
296
534
904
111
244
328
521
963
112
275
323
544
r 2 018
108
266
337
16, 562
16, 581
16, 721
16, 859
16, 562
16, 941
>• 16, 961
i 17.484
5 235
2' 812
2, 616
196
5 149
2 736
2, 551
185
5 221
2 803
2, 015
187
5 214
2 703
2, 510
193
5 095
2 goo
2,412
189
5 374
2 8iq
2,625
194
r 5 521
2 906
2,702
204
i fj 734
120
283
364
120
298
381
r 1
201
1(11
868
553
315
827
532
294
840
543
297
843
546
297
851
541
310
891
575
316
858
559
299
871
565
306
883
568
315
Lumber, building, hardware group
Lumber building-materials dealers
Hardware stores
do
do
-do
874
664
877
661
887
662
830
613
822
611
875
648
903
668
902
677
895
681
919
692
926
71 1
940
718
942
722
1 1 468
1 049
11 567
1 068
Nonduruble-^oods stores 9
Apparel group
Men's and boys' wear stores
Women's apparel, accessory stores..
Familv and other apparel stores.
Shoe stores
Drug and proprietary stores
Eating and drinking places
Food group
Grocery stores
Gasoline service stations
_ .
do
10 956
_ do
1,007
do
192
do__ _
407
—do
237
do
170
do
-do
!
-do_ _ j
do
j
do
General-merchandise group 9 .
-do
Department stores, excl. mail-order cf
do __
Mail-order (catalog sales)
-do
Variety stores
do
Liquor stores, ._
do_ ._
r
11 257
1,087
214
432
260
180
11 180
1,059
214
412
248
186
11 033
1,004
208
380
237
178
11 046
'988
181
392
234
181
551
546
1, 233
4,028
3, 586
1, 254
1,226
4, 135
3 671
1,260
1,236
4, 116
3 635
1,290 i
1 186
4, 167
3 684
1 282
1
4
3
1
1,704
1,801
1,772
1 640
119
285
342
130
300
361
1 729
1,012
539
998
129
316
350
540
931
121
278
354
540
199 1
162
678
267 1
125
276
348 i
11 339
1 045
201
404
253
188
539
234
11 327
1 013
' 189
395
247
182
226
1 1 432
1 012
194
392
250
176
214
11 500
1 060
206
414
257
183
9] 5
226
1 1 64 5
1 094
202
433
261
197
191
432
242
177
1 237
4,217
3 731
1 283
539
532
536
1 248
4' 159
3 686
l' 297
1 228
4 272
3 781
1 274
1 247
4* 216
3 734
1 306
1 255
4 152
3 688
1 340
1
4
3
1
1 766
1,008
1 798
1 041
1 787
1 040
1 879 i
1 089
1 918 '
1 134
' 199
126
289 j
365 1
i 'j 38 7
i | ' qgo
893
106
270
362
852
546
306
227
1 ~1Q
' 1 25°
j 3 qio
869
561
308
212
1 J4 rgg
i i gqrj
' 1, 338 ' 1 . 361
895
561
334
217
J 1, 186
r 3' 72()
870
546
324
226
6 313
i 3 170
1 A* 4£]
do
do
-do
216
1
r 4 igg
Furniture and appliance group. .
Furniture, homefurnishings stores
Household-appliance, radio stores. _
211
'21,096
129
290
359
119
295
381
136
313
376
551
312
372
°22
193
434
257
185
220
r
1 1 441 I 1 1 7 Vt
l' 033
181
429
235
188
563
568
565
221
169
686
338
1 244
4 igy
8 726
1 358
1 232
4 215
3 754
l' 342
1 817
1 055
1 805
i 042
1 777
1 051
129
309
380
134
310
384
-- '
'
---
127
on o
366
Revised.
' Advance estimate,
f Revised series. Revisions (back to 1st quarter 1946) appear on p. 24 of the September 1958 SURVEY. 9 Includes data not shown separately
<?Data beginning January 1958 are on a revised basis, reflecting ^classification of certain stores to department stores; comparable data prior to 1958 are not available.
SURVEY OF CUEEENT BUSINESS
S-10
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of N o vera- DecemBUSINESS STATISTICS
ber
ber
January 19.~>9
1958
January
February
March
April
May
June
July
August
Septem- October Novem- December
ber
ber
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All retail stores — Continued
Estimated inventories:
Unadjusted, total
__
mil. ofdol _
Durable-poods stores
do
Nondurable-o;oods stores
do
25, 280
11, 060
14, 220
23, 430
10, 880
12,550
23, 360
11,010
12, 350
23, 980
11, 220
12, 760
24, 690
11, 480
13, 220
24, 640
11,370
13, 270
24, 360
11,270
13, 090
23, 820
10, 950
12, 870
23, 500
10, 720
12, 780
23, 510
10, 430
13, 080
23, 680
10, 110
13, 570
24, 160
10, 120
14. 040
' 24. 840
r
10, 620
T
14, 220
do
do
do
do
-do
24, 330
11, 220
4, 590
1,990
2,170
24, 470
11,420
4, 760
1,990
2,210
24, 460
11,340
4,820
1, 950
2,210
24, 290
11,220
4, 790
1, 930
2, 160
24, 100
11,030
4, 670
1, 900
2, 150
23, 930
10, 770
4,480
1,870
2,130
23, 880
10, 790
4,410
1,920
2, 160
24, 070
10, 800
4, 370
1,920
2,180
23, 990
10, 730
4,210
1,920
2,220
23, 860
10, 660
4,030
1,960
2,220
23, 680
10, 480
3,790
1,980
2, 260
23, 470
10,260
3, 650
1,980
r 2, 240
r
9.3 610
' 10, 460
3, 860
1 980
2,240
do
do
do
do
13, 110
2, 040
2,830
4,150
13, 050
2, 730
2,780
4, 160
13, 120
2,820
2,840
4, 090
13, 070
2,780
2, 850
4,060
13, 070
2,720
2, 910
3,990
13, 160
2,720
2, 960
3,950
13, 090
2,700
2.900
3,960
13, 270
2,700
2,950
4,050
13, 260
2, 750
2,930
4,030
13, 200
2, 670
2, 930
4,000
13, 200
2,700
2,880
4,030
13, 210
2,680
2, 890
4,080
r 13, 1 50
r
Firms with 4 or more stores:
Estimated sales (unadjusted), total
do
4,432
5,508
3,763
3,353
3,920
4,051
4,417
4,073
4,045
4,277
4,128
4,533
4,483
Firms with 11 or more stores:
Estimated sales (unadjusted) 9 § -
do __
3,806
4,722
3,210
2,864
3, 356
3,476
3,795
3,473
3,465
3,697
3,566
3,907
3,865
do _ _
do
-do __
do
244
24
103
66
386
40
167
101
165
16
66
52
136
11
57
43
220
17
95
65
243
18
100
82
237
19
102
75
223
18
91
72
188
15
81
61
210
14
95
67
239
15
101
78
251
20
107
72
258
22
111
70
87
71
42
133
74
44
83
67
34
78
62
34
86
69
38
86
69
38
93
74
42
87
74
38
89
77
38
92
80
39
90
74
41
93
76
47
92
73
47
1,239
729
238
1,579
58
67
1,903
1,054
830
488
167
716
412
151
1,096
1,028
1,112
1,216
1,260
731
234
1, 568
1,401
983
578
205
1,106
1, 518
942
568
188
1,033
467
751
239
1,648
1,567
78
76
69
72
3,463
3,619
3, 557
do
do
do
do _
220
19
93
67
239
21
101
71
228
20
95
74
do
do
.-do _
90
73
35
91
72
37
1,043
612
216
1,471
58
68
1,099
61
69
60
69
171
346
227
385
188
381
156
367
149
362
150
346
151
342
149
340
48
15
47
15
46
14
44
14
49
15
46
14
48
15
44
43
13
45
43
12
44
42
14
44
42
14
43
43
14
43
44
13
162
241
100
95
116
r 191
301
232
221
233
270
246
122
91
92
97
123
103
121
84
86
90
112
99
150
100
107
108
137
121
220
226
236
272
238
247
92
100
95
103
100
105
90
91
86
96
96
104
133
138
130
!65
174
157
Seasonally adjusted, total
_ _
Durable-goods stores 9
Automotive group
Furniture and appliance Group
Lumber, building, hardware group
Nondurable-goods stores 9
Apparel group
_ __ _
Food group
General-merchandise group
. .
Apparel group 9
-- -Men's and boys' wear stores
Women's apparel, accessory stores
Shoe stores
Drug and proprietary stores
Eating and drinking places _
Furniture, homefurnishings stores
do
do
do
General-merchandise group 9
__do __
Department stores, excl. mail-order© _._ do
Variety stores
do
Grocery stores
_ __ __
__do
Lumber, building-materials dealers
do
Tire, battery, accessory stores __
do
Estimated sales (seas adj ) total 9 §
do
Apparel group 9
Men's and boys' wear stores
Women's apparel accessory stores
Shoe stores
_ _
Drug and proprietary stores
Eating and drinking places
Furniture, homefurnishings stores
_
General-merchandise group 9
- - -do _ .
Department stores, excl. mail-order©.-- -do
Variety stores _
_ _
- do _
Grocery stores
do
Lumber, building-materials dealers
_ do .
Tire, battery, accessorv stores
do
Department stores:
Accounts receivable, end of month: c?
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 f
1947-49=100
Atlanta
_____
do _
Boston
do
Chicago. _ _ __ _ _ __
_ - .-do. _..
Cleveland
_ _ _ _ _
do
Dallas
do
Kansas City
do _
Minneapolis
New York
Philadelphia
"Richmond
St Louis
San Francisco
_
_
_ __
_
Sales, seasonally adjusted, total U. S.f
Atlanta. _
Boston
Chicago
Cleveland
Dallas
Kansas City
_
.
. .
.. .
do
do
do
do
do
do _ _ .
144
153
159
183
161
145
r
159
171
178
163
162
do
do.-_
do
_ do
do _
_do
„ do
r
p
118
125
129
160
139
50
93
47
54
1,484
666
218
1,684
48
56
60
68
71
81
3,436
3,492
3,585
211
17
88
68
214
17
94
65
224
17
96
70
88
72
39
88
72
39
89
71
37
1,077
992
577
207
645
228
622
229
1,500
1,522
128
130
133
156
142
42
50
1, 516
620
214
116
121
125
156
138
1,521
57
67
1,061
635
216
1,504
57
66
630
205
1,462
1,531
3,728
3,771
3,685
3 695
3,698
239
22
97
70
250
21
104
74
237
19
103
70
235
18
101
72
240
17
104
74
90
73
40
91
73
41
97
75
39
94
71
43
94
73
40
97
74
42
1,117
1,174
1,201
1,134
1 134
1,102
3,631
3,645
226
18
98
68
225
18
92
68
90
71
41
94
73
38
1,094
1,122
1,540
60
68
1,537
64
72
1,461
2, 640
2 860
4, 090
75
69
73
81
670
228
1,608
669
220
r
75
79
71
80
650
225
651
229
r
681
227
1,551
64
72
705
238
1,564
64
73
729
242
1,557
673
236
1,555
664
240
658
223
1 570
1 573
67
74
71
76
66
75
64
73
138
336
142
333
156
337
162
340
173
350
47
15
48
14
47
15
48
16
50
15
48
15
44
43
13
44
42
14
44
42
14
44
42
14
42
44
14
42
44
14
43
43
14
123
130
126
112
129
137
141
P 166
153
109
112
113
143
131
158
117
122
120
159
145
153
115
117
115
147
136
144
93
103
107
144
130
165
107
121
124
160
152
160
127
129
129
156
149
173
127
129
129
165
149
p
P
P
P
P
r
197
149
155
154
190
173
109
113
118
126
117
115
117
114
125
136
123
130
121
120
128
144
137
135
119
120
121
135
124
135
103
97
103
123
114
124
130
105
115
139
136
144
135
129
135
151
143
140
r 142
P
P
P
P
P
P
149
160
179
186
161
173
124
131
130
134
133
140
147
135
135
147
158
155
164
176
174
183
167
165
111
115
117
143
135
114
124
119
153
144
114
118
121
151
136
117
124
124
161
148
115
119
122
162
141
129
131
132
162
147
137
136
140
172
158
119
124
129
162
147
135
143
158
144
142
125
122
126
159
r 144
r P137
P
p
P
P
P
P
p 254
v 145
170
122
126
125
166
149
121
129
132
123
126
132
126
126
120
125
137
r 123
Minneapolis
do
p 129
124
124
128
125
115
121
133
P 125
127
125
New York
_ _ _
_
__do
124
137
128
141
129
114
129
133
126
135
126
129
128
143
Philadelphia
do___
140
p 135
P 149
134
153
146
148
146
147
146
138
145
142
Richmond
do
163
151
141
132
139
125
134
130
136
133
135
151
144
P 133
St. Louis
do
131
139
132
142
135
142
140
143
137
139
140
148
San Francisco
._
- do
141
P149
' Revised.
» Preliminary.
9 Includes data not shown separately.
j Revised beginning January 1956 to include minor data not covered in earlier figures. Revisions for January
1956-January 1957 appear in corresponding note in the April 1958 SURVEY.
_
_
„ January. 1956
. . to .reflect
. . change in previous classification of certain stores to department
©Revised
beginning
™_ 1956)
,n_ 0 x are available
«-ui upon request.
.
cf Revisions for 1956 appear in corresponding note in the
r
stores in accordance with 1954 Census of Business; unpublished revisions (January-May
March 1958 SURVEY.
fRevised series. Indexes have been revised beginning January 1949 to reflect adjustment to Census of Business benchmarks for 1954 and the up-dating of the seasonal and Easter corrections.
Revisions for both unadjusted and seasonally adjusted sales indexes for January 1949-December 1956 (and scattered revisions beginning 1919) appear on pp. 19 and 20 of the July 1958 SURVEY.
SURVEY OF CUEEENT BUSINESS
January 1959
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
S-ll
1958
1957
Novem- December
ber
January
February
March
April
May
June
July
August
Septem- October Novem- December
ber
ber
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Department stores — Continued
Stocks, total U. S., end of month :f
Unad ju sted
Seasonally adjusted
1947-49 = 100
-do.
Mail-order and store sales:
Montgomery Ward & Co
Sears, Roebuck & Co
_ . _
thous. of doL- 1 108,857
344, 687
-do_-
174
154
132
147
139
146
i 149,260 1 60, 329
441, 531 236, 560
i 55, 098
208, 771
135
150
r
149
143
146
144
140
147
139
148
144
148
71, 468 i 92, 615
264, 740 303, 708
i 89, 194
339, 121
i 83, 199
322, 188
i 81, 387
315, 358
i 92, 465
343, 279
147
142
1
157
150
170
152
p 173
p 153
i 93, 210 ' 110, 006 1 108, 401 1 164, 588
337, 148 363, 667 367, 657 500, 789
WHOLESALE TRADE*
Sales estimated (unadj ) total
bil of dol
Durable-goods establishments
do
Nondurable-goods establishments __ ..
-_do-_ -
11 1
3.9
7.1
10 7
3.7
7.0
10 4
3.5
6.9
9 5
32
6.3
10 2
35
6.8
10 7
37
7.0
10 9
39
7.0
10 9
4.0
6.9
11 1
4 0
7.2
11 3
4 1
7.2
11 9
4.4
7.5
12 8
4 7
8.1
11 5
4 2
7 3
Inventories estimated (un^dj ), total
Durable-goods establishments
Nondurable-goods establishments
13.0
6.6
6 4
12.5
6.4
6 1
12 5
6.4
61
12 4
6.4
6 0
12 2
6.4
5 9
12 0
6.3
5 7
11 8
6.2
5 5
11 8
6.2
5 6
11 7
6.1
5 5
11 7
61
56
11 7
6.1
56
11 9
61
58
12 0
61
5 9
174 064
174 326
174 595
174 871
175 136
175 370
122 609
do
do
do
EMPLOYMENT AND POPULATION
POPULATION
Population, United States:
Total, incl. Armed Forces overseas §
thousands
172, 281
172 505
172 738
172 956
173 153
173 374
173 588
173 822
Noninstitutional population, estimated number 14
years of age and over, total
thousands
121, 109
121, 221
121, 325
121, 432
121, 555
121, 656
121,776
121, 900
121, 993
122, 092
122 219
122 361
122, 486
Total labor force, including Armed Forces©--_do
70, 790
70, 458
69, 379
69, 804
70, 158
70, 681
71, 603
73, 049
73, 104
72, 703
71, 375
71, 743
71,112
70, 701
68, 061
64, 873
5 817
59, 057
3,188
67 770
64 396
5 385
59 012
3,374
66 732
62 238
4 998
57 240
4,494
67 160
61 , 988
4 830
57, 158
5,173
67 510
62,311
5 072
57 239
5,198
68 027
62 907
5 558
57 349
5,120
68
64
6
57
4
70 418
64 981
6 900
58 081
r
5, 437
70
65
6
58
5
70
65
6
58
4
68
64
6
58
4
740
699
191
438
111
69 111
65 306
6 404
58 902
3 805
68
64
5
58
3
68
63
4
59
4
4 7
4.9
5 0
5 0
6 7
5 8
7 7
6 7
7 7
7 0
7 5
7 5
7 i
7 2
55
7 i
56
59
6 0
6 1
50, 318
50, 763
51,947
51, 627
51, 397
50 975
50 173
50 618
51 374
51 909
EMPLOYMENT
Civilian labor force, total
do
Employed©
._
_-do.
Agricultural employment
do
Nonagricultural employment
doUnemployed©_
_
. __ __ do_ _.
Percent of civilian labor force:
Unadjusted*
Seasonally adjusted* Not in labor force©
__
__
thousands. _
Employees in nonagricultural establishments :cf
Total, unadjusted (U. S. Dept. of Labor)
Manufacturing
Durable-goods industries
Nondurable-goods industries
965
061
272
789
904
r
473
179
718
461
294
067
367
621
746
699
7 7
68
7 5
27 3
6 7
7 6
6 0
7 2
48 851
48 889
49 389
50 844
2
r
do
do
do
do- _ _
52, 316
16, 561
9,608
6,953
52, 610
16, 302
9 429
6 873
50, 477
15 865
9 138
6,727
49, 777
15, 593
8 906
6 687
49, 690
15, 355
8 742
6,613
49, 726
15 104
8 564
6 540
49, 949
15 023
8 480
6 543
50, 413
15 206
8 564
6 642
50, 178
15 161
8 496
6 665
50. 576
15 462
8 571
6 891
Mining, total
_
do __
Metal
do
Anthracite
__
_
do
Bituminous coal
do
Crude-petroleum and natural-gas production
thousands __
Nonmetallic mining and quarrying
do. __
Contract construction
do
793
106
24
226
788
105
26
224
766
101
23
220
747
98
24
212
733
96
23
206
716
91
20
199
711
92
20
192
717
93
19
190
705
90
19
180
708
89
18
185
711
91
19
187
323
114
2, 805
321
111
2 612
316
106
2 387
310
103
2 173
303
105
2 316
299
108
2 493
298
110
2 685
303
112
2 806
303
112
2 882
305
112
2 955
Transportation and public utilities 9
Interstate railroads
Local railways and bus lines
Trucking and warehousing
Telephone
Telegraph
_
Gas and electric utilities
do_ __
_ do
__do
do
_do_ __
do
do
4,114
1,077
101
832
767
40
577
4,094
1 063
101
825
765
40
577
3,985
1 014
101
790
760
40
575
3 944
990
102
783
756
39
575
3 910
966
97
780
749
39
574
3 883
952
97
770
744
39
574
3 874
946
97
774
738
39
575
3 904
957
96
790
733
39
582
3 907
958
95
791
730
38
589
Wholesale and retail trade
do
Wholesale trade
-_ _ _ d o
Retail trade 9
do
General-merchandise stores
do
Food and liquor stores
do_ __
Automotive and accessories dealers
do
11, 557
3,103
8,454
1,582
1,612
811
12, 076
3 104
8 972
1,939
1,626
824
11, 140
3 051
8 089
1,386
1,599
793
10, 948
3 023
7 925
1,316
1, 602
778
10 939
3 010
7 929
1,332
1 598
768
940
982
958
352
592
757
10 961
2 960
8 001
1 358
1 594
757
11 035
2 980
8 055
1 361
1 594
756
2,360
6,367
496
321
171
7,759
2, 353
6,318
487
319
168
8 067
2,344
6 241
473
316
166
7 749
2,343
6 240
477
311
163
7 789
2,348
6 267
476
311
165
7 822
2 356
6 384
'500
311
169
7 850
2 370
6 455
510
314
172
7 870
do
do
do
do
51, 758
16, 455
9,562
6,893
51, 516
16 252
9, 393
6 859
51, 223
15 965
9, 155
6 810
50, 575
15 648
8,895
6 753
50 219
15 389
8,717
6 672
50 054
15 243
8,566
6 677
do
_ _ do
do
. do_
do. __
do
do
789
2,710
4, 104
11, 290
2,372
6,367
7.671
784
2,679
4 070
11, 237
2,365
6,382
7.747
766
2 652
4 045
11 305
2,368
6 368
7.754
747
2 455
3 990
11 235
2,367
6 367
7.766
733
2 573
3 930
11 116
2, 360
6 330
7.788
723
2 624
3' 890
11 050
2 356
6 352
7.816
Finance, insurance, and real estate
do
Service and miscellaneous 9
do
Hotels and lodging places
_ __
__do
Laundries.___ __
__do
Cleaning and dyeing plants
_ _ __ do_
Government
. do
Total, seasonally adjusted _._
Manufacturing
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
Government
10
2
7
1
1
51, 136
51, 237
15 755 r 15 536
8 814 r 8 663
6 941 r 6 873
f
485
653
695
958
833
081
973
871
102
108
'r 51, 378 p 51, 825
15 765 p 15 715
r 8 958 v 8 969
r 6 807 v 6 746
r
P712
P 94
19
189
712
r 93
20
191
302
113
2 927
297
112
r 2 887
297
r
111
r 2 786
3 897
r 958
95
787
726
38
589
3 886
960
95
781
719
38
583
r 3 897
r 3 886
951
94
821
713
38
575
P 3 886
10 984
2 989
7 995
1 337
1 591
755
11 Oil
2 994
8 017
1 351
1 582
757
11 151
3 016
8 135
1 421
1 596
755
r 11 225
r U 373
r 3 056
r 8 317
1 474 T i 568
1r 597 r 1 613
755
'763
P 11 929
p 3 060
•p 8 869
P i 938
P i 534
p770
2 391
6 488
538
318
173
7 866
2 410
6 465
607
318
167
7 664
2 413
6 452
60S
314
163
7 678
2 392
6 472
527
312
167
7 943
r 2 380
r 6 463
r 479
311
170
r 8 040
50 147
15' 202
8,498
6 704
50? 315
15 275
8,556
6 719
50 411
15 312
8,596
6 716
50 570
15 330
8,605
6 725
50 780
15 529
8,801
6 728
r 50 582
r 15 358
r
8, 625
r 6 733
718
2 698
3 877
11 087
2 370
6 360
7. 835
713
698
888
105
367
392
877
709
693
877
121
363
433
701
711
867
175
377
420
2
3
11
2
6
7
2
3
11
2
6
7 Qft3
2
3
11
2
6
7 Q8Q
708
r 91
r 961
94
r 811
714
38
r 577
r 3 039
r 8 186
r
707
2 698 r 2
3 858 T Q
11 151 r 11
2 392 r 2
6 440 r 6
s nns r 7
r 2 377
6 424
472
309
168
r 8 055
r
r
v 108
v 2 486
P 2 372
P g 382
P Q Q4Q
r fi 7^0
T> fi 797
T 708
2 692
•D 70S
v 9 ^0
r
r 3 87A
CQ7
1^4
192
50 825 P 50 736
J5 664 p i c 6 6 7
'8,914 p 8, 940
708
698
p
r
jj
\\f\
% 389
6 494.
392
399
r
Q8R
r 7 QA9
p 1 1 1 00
p 2 384
•D Q ni7
2
r Revised.
p Preliminary.
i Net sales.
The exaggerated June-to-July increase results from technical difficulties in achieving precise seasonal adjustment factors for June- a more
valid comparison may be made between July and May.
t Revised series. See corresponding note on p. S-10.
J See corresponding note on p. S-3.
9 Includes data for industries not shown separately.
§ Revisions back to January 1955 are shown in the September 1958 issue of the SURVEY.
© Estimates beginning January 1957 reflect certain changes in definitions for employment and unemployment. For 1957 estimates based on the old definitions and comparable with figures
prior to 1957, see note in the December 1957 SUEVEY and earlier issues.
* New series. Monthly rates, back to January 1947, are available upon request.
d" Data for employment, hours, and earnings have been adjusted to the 1st quarter 1957 benchmark. The revision affects all series back to April 1956^ except as follows- Back to January
1956 for total nonagricultural, service and miscellaneous, and government employment; back to January 1953 for anthracite mining hours and earnings. Unpublished revisions (prior to June
1957) are available from the 17. S. Department of Labor, Bureau of Labor Statistics, Washington 25, D. C.
SURVEY OF CURRENT BUSINESS
S-12
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of Novem- DecemBUSINESS STATISTICS
ber
ber
January 1050
19 58
January
February
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Production workers in manufacturing industries:!
Total (U. S. Dept. of Labor)
. thousands.Durable-goods industries
do
Ordnance and accessories
do
Lumber and wood products (except furniture)
thousands ._
Sawmills and planing mills
do -.
Furniture andfixtures.
do
Stone, clay, and glass products
do
Primary metal industries 9
- _ - - ..do- Blast furnaces, steel works, and rolling mills
thousands ..
Primary smelting and refining of nonferrous
metals
thousands
Fabricated metal prod, (except ordnance, machinery, transportation equip.)
thousands-Machinery (except electrical) _ - - - _
. do. Electrical machinery
do
Transportation equipment 9
do- Motor vehicles and equip mentcf
do ..
Aircraft and parts _ _
.
do__.
12, 694
7, 322
70
12, 449
7,153
69
12, 024
6,869
68
11,767
6,653
67
11,542
6,502
68
11,310
6,337
69
11, 245
6,269
68
11,415
6,350
68
11,353
6,270
67
11,645
6,339
67
11, 940
6,579
68
570
294
314
453
1,030
549
284
309
440
1,006
526
272
299
419
958
517
268
295
408
913
515
268
290
403
885
520
269
283
402
849
542
280
284
405
840
578
291
287
417
859
572
293
286
422
852
581
297
301
430
864
590
297
310
438
897
'594
'298
313
'422
'899
'578
290
' 312
'431
'927
508
492
462
440
427
407
408
425
419
428
445
'457
458
51
51
50
47
45
44
42
41
41
41
41
41
42
895
1,179
851
1,337
637
511
875
1,159
825
1, 330
649
498
840
1,134
793
1, 267
599
490
806
1,109
767
1.207
546
484
787
1,090
749
1,153
496
483
766
1, 061
729
1, 103
454
479
756
1,029
715
1,081
446
468
773
1,014
716
1,084
444
476
765
990
712
1,063
433
471
788
977
734
1,034
402
474
822
1.007
762
1,100
463
480
128
53
223
400
127
49
220
372
124
48
215
351
125
46
211
355
123
45
208
354
122
42
204
351
124
37
200
348
124
33
199
355
119
33
196
346
118
31
199
366
118
31
205
380
5 372
1, 068
265
65
167
170
116
5 296
1,027
259
64
149
168
113
5 155
969
248
63
130
165
106
5 114
951
239
63
128
165
105
5 040
942
233
64
124
163
108
4 973
949
231
66
137
163
106
4 976
978
239
70
141
164
112
5 065
1,039
243
73
177
168
120
5 083
1J081
244
73
220
167
121
5 306
1,172
246
72
307
166
118
5 361
1,178
249
68
312
166
115
88
895
391
194
89
885
391
186
84
861
384
177
79
855
381
178
74
844
377
177
70
837
372
180
70
831
366
183
70
840
367
189
70
830
365
184
86
855
370
195
96
860
371
196
1,066
458
227
1,055
455
227
1,037
445
224
1,051
438
221
1,018
436
220
987
434
220
985
432
219
994
433
219
992
429
215
1, 044
442
223
1.055
447
223
' 1,051
'447
222
559
537
204
166
126
209
84
327
215
557
533
203
163
125
208
84
326
219
549
525
200
161
125
201
82
323
221
546
519
196
159
123
191
79
326
221
547
519
192
156
123
184
76
320
217
545
519
190
157
122
176
72
300
202
540
510
188
158
122
172
70
302
205
541
500
187
158
122
176
71
314
213
537
496
186
157
122
175
71
317
215
542
504
190
157
121
181
73
323
217
548
511
191
158
120
188
74
321
213
551
517
193
153
116
195
75
315
206
Production workers in manufacturing industries,
seasonally adjusted:!
Total
thousands _
Durable-goods industries
do_ ._
Nondurable-goods industries
do
12, 590
7,276
5, 314
12, 400
7,117
5,283
12, 118
6,884
5,234
11,818
6,642
5, 176
11,571
6,478
5,093
11, 438
6,338
5,100
11, 415
6,285
5,130
11, 484
6,344
5,140
11, 512
6,372
5,140
11, 530
6, 377
5,153
11, 725
6,568
5,157
Production workers in manufacturing industries:
Indexes of employment :J
Unadjusted...
1947-49=100..
Seasonally adjusted
do
102.6
101.8
100.6
100 3
97.2
98 0
95.1
95 5
93.3
93.5
91.4
92 5
90.9
92.3
92.3
92.8
91.8
93.1
94.1
93.2
96.5
94.8
94.8
93 4
'96.7
r
95 9
2, 110. 5
203.9
2. 113. 4
203. 6
2, 114. 6
204.5
2, 123. 6
204.7
2, 123. 8
204.8
2, 156. 7
209.2
2, 164. 7
209.8
2, 164. 6
208.9
2. 146. 7
206.5
2, 145. 7
206.9
2 145.3
207.2
Ship and boat building and repairs
Railroad equipment
Instruments and related products
Miscellaneous mfg. industries
Nondurable-goods industries
Food and kindred products 9
Meat products
_
Dairy products
Canning and preservingBakery products
Beverages _ _
..
_ _
do
do
- do
do
do
_.do._do _ _
_ do
do_ do
do. ._
Tobacco manufactures
-_do
Textile-mill products 9
do
Broad woven fabric mills _
_do Knitting mills
do
Apparel and other finished textile products
thousands. .
Paper and allied products _
..
- do_
Pulp, paper, and paperboard mills
do
Printing, publishing, and allied industries
thousands. .
Chemicals and allied products
do
Industrial organic chemicals
do
Products of petroleum and coal
_
do . .
Petroleum refining
do
Rubber products
_ _ _ -do ...
Tires and inner tubes
do
Leather and leather products
do Footwear (except rubber)
do —
Miscellaneous employment data:
Federal civilian employees (executive branch):
United States, continentalthousands. _ 2, 121. 0 12,443.4
209.4 1 211. 7
Washington, D. C., metropolitan area
do. _.
Railway employees (class I railways) :
Total
thousands
972
953
Indexes:
Unadjusted
1947-49=10072.8
71.2
74.5
Seasonallv adjusted
do
72 8
' 11,721 ' 11,960 P 1 1 90S
' 6 421 ' 6 721 P 6 728
r 73
P 73
67
P560
p307
P431
P943
'791
'825
' 1 005 ' 1 024 P
746
' 787
'992
' 1 176 p
'358
530
481
484
124
31
' 208
'379
' 118
26
207
386
P823
1 032
p 787
1 197
P211
P366
r 5 300
' 5 239 p 5 180
' 1 115 ' 1 048 p 989
'251
251
' 64
62
'237
175
166
164
' 115
115
'94
' 863
371
197
' 84
' 868
373
196
p 82
P 861
' 1,053 P 1, 057
' 446
P 443
222
'549
' 516
195
' 157
120
' 196
76
' 324
214
p 553
p 516
P 156
P 197
*>32&
' 11,551 ' 11, 858 p 11, 857
' 6, 385 ' 6 673 p 6 696
' 5, 166 ' 5, 185 p g , 161
p 96. 3
p95 9
913
888
866
853
'851
861
864
870
864
867
p 857
P 869
68.5
67 9
66.7
66 8
65. 1
65.6
64.2
65 0
64.0
63. 1
64.8
63.4
65.0
63.6
65.4
64.3
65.0
64 9
p 65.2
p 66 6
p 64 4
P 65 9
p 63 9
p 65 3
149.9
144.9
143.6
139.6
140.9
144.9
144.8
150.0
155.7
' 152. 5 ' 158. 1
»160. 1
PAYROLLS
Manufacturing production-worker payroll index, unadjusted (U. S. Dept. of Labor)t
1947-49=100..
160.7
157.3
LABOR CONDITIONS
Average weeklv hours per worker (U. S. Dept. of
Labor):?
39.3
39.4
38.7
38.4
38.3
39.2
39.2
39.6
38.6
38.7
All manufacturing industries
hours' 39 8
39 9
2.3
1.9
2.3
Average overtime...
do
1.6
1.7
1.9
2.0
1.5
1.7
1.6
2 4
2 4
39.7
39.1
39.4
39.8
38.9
39.0
38.8
39.6
Durable-goods industries
do
38.6
39.7
' 40 1
40 2
2.2
2.1
1.5
1.8
r 2 4
1.4
Average overtime
._ _ do
1.6
1.5
1.9
1.7
1.5
2 3
40.7
40.7
40.6
40.6
40.0
41.3
40.7
40.6
40.7
40.8
Ordnance and accessories
do
'41.2
41.2
Lumber and wood products (except furniture)
38.9
39.1
38.8
39.6
39.3
38.7
hours.
39.0
38.5
40.5
40.7
41.1
41.3
T
39.6
38.4
38.6
38.8
37.9
38.5
40.8
38.1
39.7
40.5
Sawmills and planing mills _ __ . _ do
41 1
40 9
38.4
39.7
38.0
38.5
38.6
37.8
38.9
39.9
40.5
38.8
Furniture and
fixtures
do...
'41.0
41.0
39.1
39.0
39.2
38.6
39.7
40.0
40.8
40.1
39.8
40.3
Stone, clay, and glass products
do
41 0
41 1
38.2
36.9
37.1
37.3
38.4
36.8
38.5
38.1
37.2
38.3
Primary metal industries 9
do...
38.9
39.1
Blast furnaces, steel works, and rolling mills
36.4
36.4
36.3
38.0
37.2
37.7
35.7
36.7
37.9
hours.
37.8
38.7
'38.3
Primary smelting and refining of nonferrous
40.3
40.2
40.1
40.1 i
40.1
40.2
39.9 i
metals
hours.
39.9
39.9 1
39.5
40.1
'40.3
r
l
Revised.
p Preliminary.
Includes Post Office employees hired for Christinas season; there were about 327,300 such employees in continental U. S. in December
J See note marked cf for p. S-ll.
9 Includes data for industries not shown.
cfFormerly "Automobiles." Data not affected.
39 9
2 5
r 40 3
2 5
'41.3
'40.3
40 3
'40.7
r 40 9
'39.3
38.5
40.8
1957.
P 40 2
p2 7
P40 7
P2 7
P42.2
p40. 0
p40. 8
p 40 5
p40. 0
SURVEY OF CURRENT BUSINESS
January 1959
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of Novem- DecemBUSINESS STATISTICS
ber
ber
S-13
1958
January
February
March
April
May
Juno
July
DecemOctober NovemAugust September
ber
ber
EMPLOYMENT AND POPULATION—Continued
LABOR CONDITIONS^Continued
Average weekly hours per worker, etc.t — Continued
All manufacturing industries— Continued
Durable-goods industries — Continued
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
hours__
Machinery (except electrical)
do
Electrical machinery
do
40.5
39.7
39.5
40.2
40.3
39.6
39.3
39.7
39.1
38.9
39.2
39.0
39.2
39. 5
39. 1
38.9
39. 3
39.0
39.4
39.4
39.1
40.0
39.6
39.6
40.0
39.4
39.3
40.4
39.4
39.7
41.0
40.0
40.4
40.8
' 39. 5
39.9
'40.8
'39.8
'40.5
Ml. 3
p 40. 7
P 40. 4
Transportation equipment 9
Motor vehicles and equipment cf
Aircraft and parts
Ship and boat building and repairs
Railroad equipment
do
do
do
do
do
40.6
41.9
39.9
37.1
39.6
40.2
40.1
40.6
39.0
39.8
38.8
37.3
40.6
38.9
39.2
38.6
37. 3
40.4
37.8
38.5
39.4
38. 3
40.6
39. 5
39.0
39.3
38.4
40.3
39.1
37.9
39.7
38.9
40.5
39.8
37.6
39.8
39.1
40.7
39.5
37.2
39.6
38.8
40.4
39.7
37.0
40.0
39.3
40.8
39.6
37.1
39.6
38.6
40.8
39.2
36.7
'40.0
'39.7
'40.5
'39.8
'35.7
' 40. 5
40.9
40.6
38.8
38.4
Ml. 5
Instruments and related products
Miscellaneous mfg. industries
do
do _.
40.0
39.7
39.8
39.6
39.6
39.2
39.3
39.0
39.4
39.2
39.5
39.0
39.2
39. 1
39.8
39.5
39.7
39.2
39.8
39.5
40.3
40.1
40.4
'40.3
'40.7
'40.3
p 40. 8
MO. 4
38.8
2.4
40.4
41.1
41.4
37.2
39 9
39.1
39.0
2.2
40.7
40. 6
42.0
38.0
40.1
39.6
38.3
1.9
40.1
39.8
42.1
38.0
39.8
39.2
38.1
1.9
39.7
38.7
41.8
37.3
39.7
39.0
38.1
1.9
39.6
38.9
41.3
37. 2
39.8
39.3
37.7
1.7
39.7
39.3
41.7
37.4
39.8
39.3
38.1
1.9
40.2
39.8
42.0
38. 6
40. 3
40. 3
38.7
2.1
40.7
40.6
42.8
38.3
40. 6
41.1
39.0
2.2
41.2
40.7
43.0
40.7
40.8
41.2
39.4
2.4
41.4
40.3
42.5
42.1
40.3
40.9
39.5
2.6
41.6
41.2
42.3
42.3
40.1
40.1
'39.4
2.5
'40.9
'40.9
41.8
'40.2
40.2
40.0
'39.4
2.5
'41.0
41.8
41.5
37.9
40.2
40.0
p 39. 6
do
. _ _ do __
do. __
...
do ._
37 4
38.6
39.0
37.2
39.1
38.9
39.5
37.1
39.0
37.6
37.9
35.6
37.9
37.8
38.0
36. 2
37.1
37.6
37.8
36.4
38.0
36. 6
36.7
35.2
38.7
37.3
37.4
36.5
39.7
38.4
38.4
37.5
39.6
38.6
38.9
37.7
39.6
39.2
39.3
38.7
40.1
39.7
39.7
38.9
'39.6
'40.1
40.4
'39.1
'38.9
'40.4
40 8
39.4
P39. 4
P 40. 4
Apparel and other finished textile prod
do
Paper and allied products
do
Pulp, paper, and paperboard mills
. do ...
Printing, publishing, and allied industries
hours. _
Chemicals and allied products
.
do
Industrial organic chemicals
do
Products of petroleum and coal
do
Petroleum refining
do
Rubber products. _. _
... do
Tires and inner tubes
do
Leather and leather products
_. _ _do
Footwear (except rubber)
do
35. 4
41.9
42.9
35.2
41.9
43.2
35.1
41.4
42.7
35.1
41.1
42.2
34.7
41.4
42.3
34.5
41.0
42.1
34.8
41.0
42.0
35.0
41.8
42.8
35.6
41.9
42.8
36.4
42.5
43.5
36.1
42.7
43.7
36.0
'42.7
'43.5
' 35. 9
42.5
43.1
P 36. 1
P 42. 5
38.0
41.0
40.8
40.7
40.8
40.0
39.2
36. 5
35.7
38.6
41.3
40.9
40.8
41.1
40.0
39.2
37.4
36.9
37.7
40.8
40.4
40.4
40.8
38.2
36. 9
37.3
37.2
37.7
40.6
40.1
39.9
40.3
37.3
35. 1
36.8
36.4
37.9
40.7
40.1
40.1
40.6
38. 0
37.0
36. 2
35.5
37.7
40.7
40.0
40. 5
40. 7
37. 5
3t>. 1
34. 1
32.9
37.6
40.8
40.4
40.5
40.3
38.2
37.4
35.3
34.4
37.6
41.1
40.7
41.0
40.9
39.1
38.1
36.6
36.0
37.6
40.8
40.6
41. 0
41.0
39.1
38.9
37.4
37.2
37.9
40.7
40.5
40.4
40.1
40.5
40.7
37.3
36.8
38.0
41.0
40.9
40.7
40.7
40.8
40.5
36.7
35.9
'37.9
41.0
'40.6
' 40. 2
'40.1
'40.7
'40.3
37.0
36.0
P 38. 4
'37.9
Ml. 1
'41.2
40.8 "~MO.~3
' 40. 5
40.7
~p 41 3
40.8
41.0
^39. 1
'37.6
36.7
39.0
39.4
29.0
33.5
39.7
39. 7
26.6
35.5
38.8
39.7
30.5
34.0
38.3
39.5
27.5
33.1
37.9
39. 1
25.0
31.7
37.4
38.4
22.3
30.0
38.1
37.8
25.8
31.1
39.8
38.0
30.9
35.2
39.2
38.3
30.8
32.4
39.7
37.8
28.8
35.3
39.9
38.6
30.8
35.4
'40.0
'38.7
'29.7
35.8
on
40.8
42.6
34.8
36.6
34.4
41.5
42. 1
35.5
38.0
34.9
41.1
41.5
35.7
38.3
35.2
41.2
39.9
33.4
35. 5
33.0
41. 1
41.2
35. 6
37.6
35.2
40.6
42.3
36. 2
38.6
35.5
40.4
43.7
37.4
41.1
36.3
40.8
44.2
37.2
40.7
36.2
41.2
44.2
37.3
40.8
36.3
40.1
44.9
37.9
42.0
36.7
40.9
45.4
37.8
42.2
36.5
40.3
'45.2
38.1
42.7
'36.8
41.2
44.3
36.4
39.7
35.4
42.9
40.0
41.0
41.0
43.1
38.6
40.9
41.2
42.6
38.0
41.1
40.8
42. 5
38.2
41.0
41.0
42.6
37.8
41.2
40.4
42.7
37.7
41.4
40.8
43.0
37.8
42.0
40.5
43.0
38.2
41.9
40.7
42.9
38.5
41.9
40.7
42.9
38.6
42.1
40.9
42.4
39.0
41.8
40.9
'42.5
39.0
41.7
40.9
42.5
39.6
41.3
41.0
Nondurable-goods industries
do
Average overtime
do
Food and kindred products 9
_ do
Meat products
do
Dairy products
..
__ do
Canning and preserving
-.do
Bakery products
..._
do
Beverages
do
Tobacco manufactures
Textile-mill
products 9
Broadwroven fabric mills
Knitting mills
-
___
__
__
-
Non manufacturing industries:
Mining*
.do
Metal
....
__ do
Anthracite
do.. Bituminous coal.
_
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production, .hours. .
Xonmetallic mining and quarrying- __ do
Contract
construction
do
N1 on building construction _ , ... _ . .
do
Building construction
do
Transportation and public utilities:
Local railways and bus lines
do
Telephone
do
Telegraph
do
Gas and electric utilities.
.do
Wholesale and retail trade:
Wholesale trade _
do _ _ _
Retail trade (except eating and drinking places) 9
hours..
Genera l-rnerchundise stores
do
Food arid liquor stores
do
Automotive and accessories dealers
do
Service and miscellaneous:
Hotels, year-round
do
Laundries
Cleaning and dyeing plants
do
do
Industrial disputes (strikes and lock-outs):
Beginning in month:
Work stoppages
numberWorkers involved..
thousands
In effect during month:
Work stoppages
number..
"Workers involved
thousands
Man-days idle during month
do
U. S. Employment Service placement activities:
NTonagricultural placements
thousands-Unemployment compensation, State and UCFE programs (Bureau of Employment Security) :§
Initial claims
thousands-Insured unemployment, weekly average!
do.....
Percent of covered employment*
Benefit payments:
Beneficiaries, weekly average
P 40! 9
40.2
39.7p-
35.6
40.0
40.4
40.1
39.8
39.9
39.6
40.0
40.1
40.3
40.2
40.3
40.3
40.1
37.5
33.7
36.0
43.5
38.3
36.0
36.2
43.7
37.8
33.9
35.9
43.8
37.8
34.1
35.8
43.3
37.8
34.4
35.8
43.7
37.8
34.2
35.8
43.7
37.8
34.3
35.9
43.8
38. 2
34.8
36.6
43.8
38.7
35.2
37.4
43.8
38.7
35.2
37.3
43.9
38.0
34.5
36.6
43.7
'37.9
34.3
'36.2
'43.8
37.8
34.2
36.4
43.8
40.0
39 0
38.0
39.9
39.5
38.4
40.0
39.0
37.9
39.8
38.6
36.5
39.9
39.0
38.1
39.9
39.2
38.7
40.0
39.6
39.7
40.1
39.8
39.9
40.0
39.7
38.4
40.1
39.3
37.2
39.9
39.3
38.6
'40.4
39.4
'39.4
39.8
38.9
38.5
184
63
108
31
200
90
150
45
200
165
275
110
350
150
350
160
350
160
300
140
400
400
300
450
200
225
340
109
765
220
54
404
300
110
750
275
70
500
300
200
1,200
375
160
1, 250
475
200
2,000
500
250
1,650
525
240
1,700
475
250
2,000
575
500
2,500
525
525
5,250
400
300
2, 500
406
360
355
312
332
404
439
456
459
489
545
514
413
1,346
1,513
3.6
2,024
2,112
5.1
2,285
2,877
6.9
1,815
3,163
7.6
1,795
3,276
7.9
1,983
3, 302
7.9
1,538
2,984
7.1
1,513
2,667
6. 3
1,659
2,511
6.0
1,251
2,203
5.2
1,186
1,906
4.5
1, 259
1,722
4.1
1,258
1,781
4.3
:::.:.-.
2,111
5. 1
thousands. . 1,146
1,639
2,344
2,698
2,966
2,967
2,732
2,590
2,234
2,044
1,556
1, 767
1,487
136, 627 207, 110 313, 012 320, 181 370, 248 403, 845 363, 550 325, 039 305, 638 255, 432 231, 141 210, 300 174.
470
Veterans' unemplojnment program: ©
Initial claims
...
thousands
21
28
37
31
30
27
24
38
30
19
14
13
12
30
Insured unemployment,
weekly
average©.
_
do.
.
41
58
72
81
80
74
78
78
53
39
27
26 I
28
Beneficiaries, w?eeklv average
do
32
46
66
82
96
96
87
89
92
65
48
30
28
Amount of payments
thous. of dol_.
3,104
4, 574
6,924
7,546
9,285
9,833
8,922
8,853 ' 10, 151
6, 553
5,047
3,391
2,693
' Revised.
v Preliminary.
\ See note marked "c?1" for p. S-ll.
9 Includes data for industries not shown.
ormerly "Automobiles." Data not affected.
*New series. Monthly data for average weekly hours in the mining industry for January 1947-February 1957 are available upon request. Rate of covered employment expresses average
insured unemployment in each month as a percentage of average covered employment for the most recent 12-month period for which data are available (the lag for covered employment data
may range from 6 to 8 months); monthly data for January 1953-September 1956 are available upon request.
*
§ Excludes data for persons eligible for compensation under temporary programs; in December 1958, 394,000 insured unemployed were reported
*d by 36 States participating in such programs.
©Excludes data for persons eligible for compensation under the Ex-Servicemen's Unemployment Compensation Act of 1958 (effective Oct 27 1958); under this Act, insured unemployment
in December 1958 averaged 42,000 persons.
' '
SURVEY OF CURRENT BUSINESS
S-14
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of Novem- DecemBUSINESS STATISTCS
ber
ber
January 19.~>9
1958
January
February
March
April
May
June
July
October Novem- DecemAugust September
ber
ber
EMPLOYMENT AND POPULATION—Continued
LABOR CONDITIONS— Continued
Labor turnover in manufacturing; establishments:
Accession rate
monthly rate per 100 employees
Separation rate, total
do
Discharge
do
Lay-off
do
Quit
do
Military and miscellaneous _. _
do
1. 7
2.2
4.0
.2
2.7
.9
.2
2
2.7
.7
.2
82.92
88.93
96.00
82.74
88.93
98.74
71.94
71.00
69.87
84.61
71.37
69.50
70.62
83.58
0
0
.2
2.4
4.2
.2
3.2
.7
.2
2.5
4.1
.2
3.0
.7
.2
3.0
3.6
.1
2.4
.8
.2
3.8
2.9
.2
1.8
.8
.2
3.3
3.2
.1
2.0
.9
.2
3.9
3.5
.2
1.9
1.2
.2
4.0
3.5
.2
1.6
1.5
.2
81.66
87.14
100. 77
80.64
86. 46
99.06
81.45
87.75
99.72
80.81
87.30
100. 12
82.04
88.37
99.88
83.10
89.89
100. 94
83.50
89.83
100. 94
84.35
91.14
100. 69
85.39
92.46
103.00
69.69
67.08
67.76
82.32
70.43
67.82
67.97
80,67
70.80
69. 09
68.32
81.72
71.39
68.92
67.26
81.51
74.45
73.05
66.91
82.97
76.14
74. 52
69. 06
84.63
74.28
73.66
68.85
84.40
77.74
76.70
72.09
86.90
80.12
77.68
73.80
88.78
2.5
5.0
9
3.8
.8
.3
3.9
.2
2.9
*>2.7
*2. 7
p. 2
v 1.6
P .8
P. 2
' 3.4
'3.2
.2
r
1.7
1. 1
.2
WAGES
Average weekly gross earnings (U. S. Department of
Labor):!
All manufacturing industries
dollars
Durable-goods industries.
do
Ordnance and accessories
do
Lumber and wood products (except furniture)
dollars.Sawmills and planing millsdo
Furniture a n d fixtures
_ _ _ _ _ _ _ do
Stone, clav, and glass products
do
' 85. 17
86.58
' 91. 83 r 93. 90
00 r 103. 66
p 88. 04
P 95. 65
100. 77
r 77. 30
r 73. 39
86.51
r 77. 38
74.96
r 72. 85
r 87. 94
p 76. 00
106. 59
108. 08 p 110.00
114. 52
115. 50
r 103.
r 80. 15
p 73. 03
p 87. 48
97.03
97.16
95.23
94.21
95.35
95.20
96.23
99.96
102. 91
103. 95
106. 74
102. 54
101. 18
100. 46
98. 18
100. 46
101. 91
101. 66
106. 60
111.72
112. 18
115. 71
r
96.64
97.53
97.04
98.09
97.69
97.04
96.96
96.96
98.55
99.54
101. 05
' 102. 36
103. 63
90.32
92.50
82.95
89.24
94.30
83.56
87.25
92.90
82.89
86.36
92.12
83.07
87.42
93.22
83.67
87.14
92. 75
83.46
88.65
93.38
83.67
90.80
94.25
85.14
91.20
93.77
84.50
92.52
93.77
84.96
93.89
95.60
87.26
93.02
«• 94. 25
r 96. 32
r 88. 29
do
do
101.50
107. 68
99.70
100.65
95. 45
92.50
94.96
92.50
97.32
95.75
97.07
96.00
98.85
97.64
99.50
98.14
100. 19
97.39
102. 00
99.82
100. 98 ' 102. 00 r 106. 52 p 110.39
98.43 r 100. 04
110. 43
Aircraft and partsdo
Ship and boat building and repairs _ _do
Railroad equipmentdo
96.16
90.15
102. 56
99.06
94.77
104. 67
98.66
94. 14
101.92
98.58
91.85
100. 10
99.06
96.78
102. 96
98.33
95. 80
100. 81
100. 44
97.51
99.64
102. 16
96.78
98.21
102. 62
99. 65
98. 05
104. 04
100. 98
97.94
104. 04
100. 35
97.99
do
do
85.20
72.25
85.17
72.47
85.14
72.52
84.50
71.76
85.50
72. 13
85.72
72. 15
85.46
71.94
87.16
73.08
87.34
72.13
87.96
72.68
do
do
do
do
do
do
do
74. 11
79. 18
90.83
77.42
60.64
77.01
87.58
74.88
80. 18
89.32
78.96
63.84
77.39
89.50
73. 54
80.60
89. 15
80.41
64.98
76.81
88.59
73. 15
79.80
86.30
79.42
63.41
77.42
88.14
73.53
79.60
86.75
78.47
62.87
77.21
88.82
73.14
79.80
87.25
80.06
64.70
77.61
88.43
73.91
80.80
88.36
80.64
65. 62
78.99
92.69
75.08
81.81
90.54
83.03
63.58
79.98
95.35
75. 66
81.99
91. 58
84.71
64.31
80.78
96.00
Tobacco manufactures ...
do
Textile-mill products 9
do
Broadwoven fabric mills
do
Knitting mills _ _
_ _ ___
do
Apparel and other finished textile products
dollars.-
57.60
58.29
56. 94
54. 31
60.21
58. 35
57.28
54.17
60.84
56.40
54. 96
51.98
59.12
56.70
55. 10
52.85
58.99
56.40
54. 81
53.14
62.70
54. 90
52.85
51.74
64.24
55. 95
53. 86
53.29
66.30
57.98
55.68
54.75
53.10
52.80
53.00
52.65
51.70
51.75
52.20
Paper and allied products
do
87.15
95 24
87.15
95 90
86.11
94 37
85.49
93 26
86.11
93 48
85.69
93 04
industries
dollars _ _
do
do
95.76
92.66
98.74
98.04
93.34
99.39
95.76
92. 62
98.17
96.14
92.57
97.44
97.02
92.39
97.84
do
do
do
do
do
111.11
115. 87
93.20
106. 62
57.31
53 91
111.38
116.31
92.40
105. 84
58.34
55 35
109. 89
115.06
87.48
98.52
58. 19
56. 17
108. 53
113. 24
85. 04
93.02
57.41
54.96
99.84
96.92
76.85
102. 18
102. 03
97.27
70.76
107. 92
99.72
97.27
81.74
103. 36
109. 34
86.90
103. 01
98.82
104. 23
111.64
86.31
105. 44
102. 60
106. 45
88.80
79.20
85.69
97.58
85.60
Primary metal industries 9
do
Blast furnaces, steel w^orks, and rolling mills
dollars
Primary smelting and refining of nonferrous
metals
dollars
Fabricated metal prod, (except ordnance, machinery, transportation equip.)
dollars..
Machinery (except electrical)
do
Electrical machinery _
do
Transportation equipment 9
Motor vehicles and equipment cf
Instruments and related products. _
Miscellaneous mfg. industries
Nondurable-goods industries
Food and kindred products 9
Meat products
___
Dairy products
Canning and preserving
Bakery products
Beverages
Printing,
publishing,
and
allied
Chemicals and allied products
Industrial organic chemicals
Products of petroleum and coal
Petroleum refining
Rubber products
Tires and inner tubes .__
_
Leather and leather products
_
Nonmanufacturing industries:
Mining*
do
Metal
do
Anthracite
do
Bituminous coal
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
dollars _ _
Nonmetallic mining and quarrying
do
Contract construction
do
Nonbuilding construction
do
Building construction
do
Transportation and public utilities:
Local railways and bus lines _
do
Telephone
do
Telegraph
do
Gas and electric utilities
do
Wholesale and retail trade:
Wholesale trade
do
Retail trade (except eating and drinking
places) 9
dollars
General-merchandise stores
do
Food and liquor stores
do
Finance, insurance, and real estate:
Banks and trust companies
Service and miscellaneous:
Hotels year-round
Laundries
Cleaning; and dveiner plants
f
do
do
do
do_ _
p 9fi. 23
p 99. 31
p 88. 48
104. 34
100. 10
104. 45
89.47
74.19
89.28
r 74. 56
rr 90. 35
75. 36
76.04
81.56
89.87
83.73
69.47
79.79
94.07
77.03
82.78
93.94
84.18
71.06
79.80
93.03
' 76. 83 ' 77. 22 p 78. 01
83.64 p 84. 25
r 81. 80
r 93. 25
96.98
r 82. 76
83.00
r 66. 73
61.78
80.00
80.80
92.40
92.80
65. 74
57.90
56.41
54.67
62.96
59.19
57.38
56.12
60.15
59.95
57.96
57.18
r 60. 19
r 60. 95
58.98
r 57. 48
52.50
53.40
55.33
55.23
55.08
86.10
93 24
88.20
95 87
88.83
96 73
90.53
98 31
91.38
99.20
r 91. 38
96.14
92.39
98.00
97.01
93.43
98.98
97.38
94.94
100. 12
97.38
95.06
100. 69
98.54
95.24
100. 85
99.56
95.94
102. 25
r 99. 68
95.94
'101.91
109. 07
114.09
87.02
98.05
56.83
53. 96
110.97
115. 59
85.88
95.67
53.54
49.68
110. 16
113. 65
87.86
99.48
55.42
51.94
111.93
115. 75
91.10
103. 63
57.46
54.36
113. 16
117. 26
91.89
106. 59
57.97
55.80
110. 29
113.08
96.80
113. 96
58.19
55.57
112. 33
116. 00
97.51
113. 40
57. 99
54.93
r
110. 15
r 113. 48
98.81
96.78
73.70
100. 62
97.02
95.40
66.25
96.37
94.62
92.93
58.65
90.60
96.01
91.10
67.60
93.30
101. 89
92.34
80.96
106. 30
99. 96
96.13
79.77
97.85
101. 24
95.63
74.59
105. 90
102. 14
98.04
80.08
106. 55
110. 56
84. 25
107. 10
103. 79
108. 06
110. 83
81.00
100. 53
96.21
101. 64
110. 97
83.22
106. 44
101. 90
107. 71
108. 81
85.45
107. 88
103. 45
108. 63
107. 06
89.59
111.08
110. 56
111.08
110. 57
91.49
110. 11
108. 67
110. 77
110. 83
91.94
111. 90
110. 57
112. 17
106. 67
93.39
113. 70
114. 66
113. 40
110. 02 ' 107. 60
95.34 r 95. 37
114. 91 r 115. 82
117. 32
118.71
114. 25 ' 115. 18
112.06
93.03
110. 29
107. 98
110. 80
89.65
77.59
85. 89
98.88
88.61
76.38
85.90
97.51
88.83
76.78
86. 10
98.81
89.03
76.36
86.52
97.77
90.10
76.53
87.35
99.55
90.30
77.11
89.04
98.42
91.16
78.31
91.34
100. 12
91.38
79.31
91.76
100. 12
90.95
79.90
91.78
101. 02
90.74
81.12
93.63
101. 84
90.95
82.37
92.51
103. 32
86.46
85.41
85.57
85.79
85.14
86.40
87.42
88.26
87.64
88.66
87.85
87.82
63.50
45.83
66.23
81. 72
63.88
46.31
66.42
83.66
64.94
47.68
68.08
84. 10
66.18
48.22
69.56
84.53
66.18
47.52
69.38
84 73
64.98
46.92
68.44
83.47
r 64. 81
' 46. 65
r 68. 42
••83.22
64.64
45.83
69.16
84. 10
65.60
65.72
65.56
65.93
65.80
65.98
'66.24
66.85
45.60
45.26
51.07
44.91
44.80
49.48
45.09
44.80
51.34
r
45.37
44.35
51.59
62.25
44. 15
65.52
82 65
62.43
46.08
65.52
82 16
63.50
45.77
65.70
82 34
63.50
45.69
65.87
80 54
64.64
65.15
65.56
65.60
65.53
44.69
43.85
50.30
44.40
43.68
49.27
44.58
43.23
47.09
44.29
43.68
49.53
44.29
44.30
50.70
44.80
44.75
52.40
45.31
45.37
53.47
Revised.
* Preliminary.
% See note marked " cf" for p. S-ll.
9 Includes data for industries not shown.
cfFormerly "Automobiles." Data not affected.
*New series. Monthly data for January 1947-February 1957 are available upon request.
85.79
r 102. 68
r 96. 75
63.13
45.75
65.87
81.28
44.40
43.29
49.78
r 94. 41
r 104.
09
r 98 75
p 90. 98
p 75. 55
r 62. 63
«• 61. 41
59.57
58.31
p 65. 01
P61.41
r
54. 57
P 54. 87
91.38
98.70
p 91. 80
r 99. 68 p 101.76
' 96. 82 P 97. 00
102. 82
r
112. 19 p 111. 63
116.00
' 97. 27 r 98. 33 p 100. 36
' 113. 24
116.03
58.46 r 59. 78 p 62. 56
55.08
56.52
103. 72
40
' 98. 30 101. 24
' 77. 52 77.00
107. 76
107. 87
r 102.
•• 90. 53
81.51
93.41
102. 66
45. 65
44.92
r 52. 80
...
S-15
SURVEY OF CURRENT BUSINESS
January 1950
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of Novem- DecemBUSINESS STATISTICS
ber
ber
1958
January
February
March
April
May
June
July
DecemOctober NovemAugust September
ber
ber
EMPLOYMENT AND POPULATION—Continued
WAGES— Continued
Average hourly gross earnings (U. S. Department of
Labor) : J
All manufacturing industries
dollars
Excluding overtime^
_do
Durable-goods industries
do
Excluding overtime!
do
Ordnance and accessories
do
Lumber and wood products (except furniture)
dollars.Sawmills and planing mills __
_ _ do _
Furniture and
fixtures
do
Stone, clay, and glass products
do_ _
Primary metal industries 9
do
Blast furnaces, steel works, and rolling mills
dollars
Primary smelting and refining of nonferrous
metals
dollars..
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
dollars..
Machinery (except electrical) __ _ _ __ -do _ _
Electrical machinery
do
Transportation equipment 9
Motor vehicles and equipmentcf
Aircraft and parts
Ship and boat building and repairs
Railroad equipment
Instruments and related products
Miscellaneous mfg. industries
do
.
do
do _ _ _
_ do
do
do
Nondurable-goods industries
Excluding overtime!
Food and kindred products 9
Meat products
Dairy products
_
Canning and preserving
Bakery products _
Beverages
Tobacco manufactures
Textile-mill products 9
Broadwoven fabric mills
Knitting mills ___ _
Apparel and other finished
do _ _
_ _ _ d o _ __
_
do __
do
__
do _ _ _
do
do
do
.
do
__do
do
-_
do __
textile products
dollars ._
Paper and allied products
_
do
Pulp, paper, and paperboard mills
do
Printing, publishing, and allied industries-do
Chemicals and allied products
do
Industrial organic chemicals
do _
Products of petroleum and coal
do
Petroleum refining
do
Rubber products.-.
do
Tires and inner tubes
do
Leather and leather products
do_ __
Footwear (except rubber)
do
Nonmanufacturing industries:
Mining*
do
Metal
do
Anthracite _ . _
do
Bituminous coal...
._ _ _ do. __
Crude-petroleum and natural-gas production:
Petroleum and natural-gas prod.
dollars..
Nonmetallic mining and quarrying
do .
Contract construction
do
Nonbuilding construction.
_ do
Building construction
do
Transportation and public utilities:
Local railways and bus lines.. ___ _ _ do . _
Telephone ._ _
do
Telegraph
do
Gas and electric utilities
.-do _
Wholesale and retail trade:
Wholesale trade
do
Retail trade (except eating and drinking places) 9
dollars ..
General-merchandise stores __
do
Food and liquor stores
do __
Automotive and accessories dealers
do ...
Service and miscellaneous:
Hotels, year-round
do
Laundries
do
Cleaning and dyeing plants
do .
Miscellaneous wage data:
Construction wages (ENR):§
Common labor
_dol. per h r _ _
Skilled labor
.
do
Equipment operators*.
_ _. do __
Farm wages, without board or room (quarterly)
dol. per hr .
Railway wages (average, class I)
do..
Road-building wages, commor labor (qtrly).-.do
11
06
24
20
44
2 10
2.06
2 24
2 20
2 44
2 11
2.07
2 25
2 21
2 45
2 11
2.07
2 25
2 21
2 46
2 12
2.07
2 26
2 21
2 46
2.12
2.07
2.27
2.22
2.48
2.13
2.08
2.28
2.23
2.48
2.13
2.07
2.29
2 23
2.48
2.14
2.08
2.30
2 24
2.50
2.14
2.08
2.29
2.23
2.50
2.17
2.11
2.33
2.26
'2.51
p 2 . 19
1.83
1.81
1 77
2. 10
2 55
1.81
1 77
1 76
2 10
2 56
1.82
1.78
1 77
2.09
2 56
1.82
1.79
1 77
2.09
2 57
1.84
1 79
1 77
2 09
2 58
1.88
1.84
1 77
2 09
2 58
1.88
1.84
1.78
2.10
2.61
1.89
1.86
1.77
2.11
2.68
1.91
1.88
1.78
2.13
2.70
1.94
1.89
1.80
2.16
2.73
' 1. 95
'1.89
1.79
2.11
2.74
'1.92
1.86
'1.79
'2.15
'2.75
v 1.90
2.72
2 72
2 76
2 75
2 76
2 78
2 77
2.82
2.94
2.96
2.99
2.99
3.00
2.41
2.42
2.42
2.44
2.43
2.42
2.43
2.43
2.47
2.52
2.52
'2.54
2.54
'2.31
'2.42
2.18
*2. 33
p2. 44
v 2. 19
2 11
2.05
2 24
2 18
2 40
2
2
2
2
2
1.84
1.83
1.76
2.11
2.54
10
05
24
19
42
2
2
2
2
2
p 2 . 35
v 2. 53
p 1.79
»2. 16
v 2. 75
2.23
2.33
2.10
2.22
2.34
2 11
2.22
2.34
2 12
2.22
2.35
2 13
2.23
2.36
2 14
2.24
2 36
2 14
2.25
2.37
2 14
2.27
2.38
2.15
2.28
2.38
2.15
2.29
2.38
2.14
2.29
2.39
2.16
2.28
'2.39
2.15
2.50
2.57
2.41
2.43
2.59
2.13
1.82
2.48
2.51
2.44
2.43
2.63
2.14
1.83
2 46
2.48
2 43
2.42
2 60
2.15
1 85
2 46
2.48
2 44
2.43
2 60
2.15
1 84
2.47
2.50
2.44
2.45
2.64
2.17
1 84
2 47
2.50
2 44
2.45
2 66
2.17
1 85
2 49
2.51
2 48
2.45
2 65
2. 18
1 84
2.50
2.51
2.51
2.45
2.64
2.19
1.85
2.53
2.51
2.54
2.51
2.65
2.20
1.84
2.55
2.54
2.55
2.55
2.64
2.21
1.84
2.55
2.55
2.55
2.56
2.67
2.22
1.85
2.55
'•2.52
r
2.57
'2.58
'2.71
2.21
1.85
'2.63
2.70
2.57
2.58
2.72
'2.22
'1.87
p 2. 66
1.91
1.86
1.96
2.21
1.87
1.63
1.93
2.24
1.54
1.51
1.46
1.46
1.92
1.86
1.97
2 20
1.88
1 68
1.93
2 26
1.54
1.50
1.45
1.46
1.92
1.88
2 01
2 24
1 91
1 71
1.93
2 26
1. 56
1.50
1 45
1.46
1 92
1.87
2.01
2 23
1 90
1 70
1.95
2 26
1.56
1.50
1 45
1.46
1.93
1.88
2.01
2 23
1.90
1 69
1.94
2 26
1. 59
1.50
1.45
1 46
1 94
1.89
2 01
2 22
1 92
1 73
1 95
2 25
1 65
1.50
1 44
1.47
1 94
1.89
2 01
2 22
1 92
1 70
1.96
2 30
1.66
1.50
1 44
1.46
1.94
1.89
2.01
2.23
1.94
1.66
1.97
2.32
1.67
1.51
1.45
1.46
1.94
1.89
1.99
2 25
1.97
1 58
1.98
2 33
1.66
1.50
1.45
1.45
1.93
1.88
1.97
2 23
1.97
1 65
1.98
2 30
1.59
1.51
1.46
1.45
1.95
1.89
1.99
2 28
1.99
1 68
1.99
2 32
1.50
1.51
1.46
1.47
1.95
1.89
'2.00
2.28
'r .98
.66
.99
.31
r
.52
.52
1.46
1.47
1.96
1.90
'2.04
2.32
2.00
1.63
2.01
2.32
' 1.61
1.52
1.46
1.48
p 1.97
1.50
2.08
2.22
2.52
2.26
2.42
2.73
2.84
2.33
2.72
1.57
1.51
1.50
2.08
2.22
2.54
2.26
2.43
2.73
2.83
2.31
2.70
1.56
1 50
1.51
2.08
2.21
2.54
2.27
2.43
2.72
2.82
2.29
2.67
1.56
1 51
1.50
2.08
2.21
2.55
2.28
2.43
2.72
2.81
2.28
2.65
1.56
1 51
1.49
2.08
2.21
2.56
2.27
2.44
2.72
2.81
2.29
2.65
1.57
1 52
1.50
2 09
2.21
2.55
2.27
2 45
2.74
2 84
2.29
2 65
1.57
1 51
1.50
2. 10
2.22
2.58
2.29
2.45
2.72
2.82
2.30
2.66
1.57
1 51
1.50
2.11
2.24
2.59
2.31
2.46
2.73
1.52
2.13
2.26
2.60
2.34
2.49
2.73
2 82
2.39
2 80
1.56
1 51
1.53
2.14
2.27
2.62
2.34
2.50
2.76
2 85
2.39
2.80
1.58
1 53
1.53
2.14
2.27
'2.63
2.34
2.51
2.74
2.83
2.39
'2.81
1.58
1 53
1.52
2.15
2.29
'2.63
2.35
2.52
2.77
2.85
'2.41
2.83
1.59
1 54
p 1.52
p 2 16
2.33
2. 72
1.57
1 51
1.50
2. 12
2.26
2.59
2.33
2.48
2.76
2 86
2.35
2 74
1.55
1 50
2.56
2.46
2.65
3.05
2.57
2 45
2.66
3.04
2 57
2 45
2 68
3.04
2 58
2 45
2 68
3.04
2
2
2
3
2
2
2
3
53
42
63
02
2 52
2 41
2 62
3.00
2 56
2 43
2 62
3.02
2
2
2
3
55
51
59
02
2 55
2 53
2 59
3.00
2 56
2 54
2 60
3.01
'r 2 56
2 54
' 2 61
3.01
2.58
2 55
2 61
3.03
2.68
2.04
2.96
2.70
3.03
2.69
2.05
2.97
2.70
3.05
2.69
2.03
3 00
2.71
3.07
2.69
2.03
3 01
2.71
3 08
2.70
2 02
2 99
2.71
3.06
2.68
2 02
2 98
2 68
3 06
2.65
2.05
2 97
2.69
3 06
2.71
2.07
2 96
2.67
3 06
2.69
2 08
3 00
2.71
3 09
2.66
2 08
3 00
2.73
3 09
2.69
2.10
3 04
2.78
3 13
'2.67
'2.11
' 3 04
2.78
2.72
2.10
3 03
2.72
3.13
2.07
1.98
2.09
2.38
2.08
2.01
2 10
2.40
2.08
2 01
2 09
2 39
2.09
2 01
2 10
2 41
2.09
2 02
2 10
2 42
2
2
2
2
11
03
11
44
2.10
2 04
2 12
2 43
2.12
2 05
2 18
2 46
2.13
2 06
2 19
2 46
2.12
2 07
2 18
2 47
2.14
2 08
2 24
2.49
'2.13
2 09
2 24
2 51
2.14
2 08
2 24
2 52
2.14
2.14
2 13
2 15
2 15
2 15
2 16
2 18
2 19
2 18
2 20
2 18
2 19
1.66
1.31
1.82
1.90
1.63
1.28
1.81
1.88
1.68
1 35
1.83
1 88
1.68
1 34
1.84
1 86
1.67
1 33
1.84
1 86
1.68
1 34
1 85
1 87
1.69
1 35
1.85
1 91
1.70
1 37
1 86
1 92
1.71
1 37
1 86
1 93
1.71
1 35
1 86
1 93
1.71
1 36
1.87
1 91
1.71
' 1 36
1 89
1 90
1.71
1 34
1 90
1 92
1.11
1. 11
1.31
1.12
1 11
1.31
1.11
1 12
1 30
1.12
1 12
1 29
1.11
1 12
1 30
1. 11
1 13
1 31
1.12
1 13
1 32
1.13
1 14
1 34
1.14
1 14
1 33
1 12
1 14
1 33
1.13
1 14
1 33
'1.13
1 14
1 34
1. 14
1 14
1 34
2.336
3.606
3.242
2.344
3 629
3.248
2.373
3 626
3. 247
2.379
3 624
3.286
2.382
3 628
3 286
2.389
3 636
3 302
2.411
3 643
3 336
2.440
3 682
3 359
2.463
3 720
3 369
2.468
3 726
3 386
2.472
3 741
3 389
2.477
3 753
3 390
2.480
3 756
3 393
2.409
2.401
.97
2. 385
1.96
2.445
2.407
.94
2.391
1.87
2.438
2. 453
.94
2.433
2.07
2 456
2 453
88
2 431
2.12
56
44
65
04
p 2. 23
p 1.87
p 2.06
p 1 65
p 1. 52
p 2. 65
P 2.36
p 2 77
p 2 43
p 1 60
~
"
~
2.482
3 764
3 394
a
\ 03
r
Revised.
*> Preliminary.
JSee note marked "cf" for p. S-ll.
° As of Jan. 1, 1959.
IData through 1956 shown in the 1957 edition of BUSINESS STATISTICS are based on adjustment factors; the 1956 figures therein have since been revised to reflect calculations from overtime
regularly collected. Revisions for 1956 appear in the August 1957 SURVEY; the published estimates through 1955 are essentially comparable.
S-16
January 19.~9
SURVEY OF CURRENT BUSINESS
19 57
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of Novem- DecemBUSINESS STATISTICS
ber
ber
19 58
January
February
March
April
May
June
July
DecemOctober NovemAugust September
ber
ber
FINANCE
BANKING
Acceptances and commercial paper outstanding:
Bankers' acceptances
- _ __mil. of dol__
Commercial paper
_ _ _.
do
Agricultural loans and discounts outstanding of agencies supervised by the Farm Credit A dm.:
Total
mil of dol
Farm mortgage loans: Federal land banks do
Loans to cooperatives
do
Other loans and discounts
do
1.307
560
551
1,422
654
1, 523
776
1,529
862
1,479
919
1,441
946
1,352
965
1, 353
966
1,363
981
1,281
958
1, 255
961
1,209
940
3 329
1, 908
452
969
3,339
1,919
454
966
3, 363
1, 925
456
982
3,404
1,934
442
1,028
3,464
1.947
428
1,089
3, 527
1,958
413
1, 155
3, 595
1,972
405
1,218
3,670
1,989
408
1,273
3, 725
2,002
425
1,298
3, 766
2,017
453
1, 295
3,784
2,036
473
1,275
3 802
2, 052
507
1,243
3 791
2 065
526
1, 199
do
do
do
189,246
71, 667
39.012
220, 376
88, 584
43, 692
212,908
84. 355
41, 992
181,729
72, 803
36, 188
203,870
84, 409
40, 363
204,126
85, 510
39, 354
195,116
77, 315
38, 645
219. 465
95, 473
41, 228
206, 524
82, 214
40, 701
185, 849
68, 620
37, 942
195, 205
70 887
40, 520
212, 894
79, 620
43, 594
183, 092
64 804
38 224
238, 985
92,711
48, 690
Federal Reserve banks, condition, end of month:
Assets, total 9-- _ - -- --do
Reserve bank credit outstanding, total 9
do
Discounts and advances __ . __ __ _ . do
United States Government securities
do
Gold certificate reserves
do
52, 562
25, 515
819
23. 733
22 083
53, 028
25, 784
55
24, 238
22, 085
51. 428
24, 352
217
23, 331
22, 104
51, 159
24, 330
122
23, 240
22 099
50, 731
24, 570
137
23, 628
21 804
51,315
24, 672
156
23, 681
21,409
50,917
25,313
144
24, 162
21, 005
51,458
26, 283
41
25, 438
20, 767
50, 960
25, 477
94
24, 480
20, 621
51, 471
26, 739
555
25, 346
20, 424
51,264
26, 130
255
24. 986
20 288
51, 538
26, 675
407
25, 443
20 105
53 254
28, 006
717
26, 229
20 019
53, 095
27, 755
64
26, 347
19,013
52, 562
19.996
19, 274
27, 260
53, 028
20,117
19,034
-57
27, 535
51,428
19,956
18, 958
415
26, 711
51.159
19,785
18, 667
481
26, 559
50, 731
19. 650
18. 532
675
26, 537
51,315
19,516
18, 254
568
26. 375
50, 917
19,416
18, 176
633
26, 570
51,458
19,883
18, 784
626
26, 705
50, 960
18, 999
17, 764
-37
26. 802
51, 471
19, 723
18, 538
678
26, 961
51, 264
19, 171
18, 147
362
26, 871
51, 538
19, 448
18, 462
'453
27, 003
53, 254
20, 074
18 994
' 506
27, 529
53, 095
19, 526
18, 504
P 527
27, 872
46.7
46. 3
47.4
47.7
47.2
46.7
45.7
44.6
45.0
43.8
44 1
43 3
42 1
42. 1
55. 464
56 887
56. 134
54, 943
54,119
55, 699
55, 434
54, 560
56, 647
55, 509
55, 967
57, 283
57, 214
59, 045
58. 772
4,005
1, 758
61, 887
4,331
2.458
57, 924
4,176
1.048
57, 040
4,141
2, 308
56, 070
4,286
3,092
57, 863
4, 937
3,945
56,917
4, 739
3,556
57, 176
4, 426
6,372
58. 520
4,222
2,695
58, 015
4,242
3, 527
59, 152
4, 151
2,487
60, 097
3, 966
1,966
60, 209
4,185
2,780
64, 427
4,410
2,838
22 716
23, 293
23, 415
23, 967
24, 693
25, 212
25, 627
26, 295
26, 432
26, 477
26, 347
26, 350
25, 977
26, 461
21. 487
1,060
12,918
21,951
1, 175
15. 211
22, 062
1,216
13, 293
22, 390
1,443
13, 639
23, 003
1, 551
15, 155
23, 367
1,703
14, 777
23, 701
1,781
14, 500
24, 168
1,956
15, 797
24, 376
1,888
14, 980
24, 519
1,790
15, 229
24, 506
1,674
15,046
24, 577
1, 603
14, 531
24, 331
1,476
14, 591
24, 740
1, 538
16, 214
Bank debits, total (344 centers)
New York City
6 other centersd" -
Liabilities, total 9
Deposits, total 9
Member-bank reserve balances _ _
Excess reserves (estimated)
Federal Reserve notes in circulation
do
do
do
_do
do
Ratio of gold certificate reserves to deposit and FR
note liabilities combined
percent
Weekly reporting member banks of Fed, Reserve System, condition, Wednesday nearest end of month:
Deposits:
Demand, adjusted©
nil of dol
Demand, except interbank:
Individuals, partnerships, and corporations
mil. of dol__
States and political subdivisions..
do
United States Government
do
Time except interbank total 9
do
Individuals, partnerships, and corporations
mil. of dol__
States and political subdivisions.. ___ _ _ do
Interbank (demand and time)
do
Investments total
do
U. S. Government obligations, direct and guaranteed, total. ... _ „ .
_ _ _ . mil. of dol_
Bills
.
do_._
Certificates
do
Bonds and guaranteed obligations __ __.do
Notes
do
Other securities
- do
Loans (adjusted), total©
do
Commercial, industrial, and agricultural
do
To brokers and dealers in securities,- _ _ do__ _
Other loans for purchasing or carrying securities
mil. of dol._
Real-estate loans
do_
Othe r loans
do
Money and interest rates: §
Bank rates on business loans:
In 19 cities
New York Citv
7 other northern and eastern cities
1.224
696
32, 743
34, 329
33, 942
35, 080
36, 842
39, 488
40, 032
41, 749
41, 356
42, 133
40, 920
41, 126
41, 287
41,181
25, 010
1,007
1,713
17, 898
4.392
7.733
26, 423
1,888
1, 752
18, 007
4, 776
7. 906
25, 923
1,431
1, 799
18. 028
4, 665
8,019
26, 856
1. 552
1,119
19, 338
4,847
8,224
28, 113
2, 057
1,140
19,965
4, 951
8,729
30, 548
2, 146
1, 169
20,159
7,074
8,940
31, 093
1,964
1.298
20, 564
7. 267
8,939
32, 575
2,294
1, 650
21, 763
6, 868
9,174
32, 002
1,923
1,663
21, 428
6,988
9,354
32, 674
1,389
4,421
19, 957
6,907
9,459
31,431
1,364
4, 168
19, 226
6, 673
9,489
31, 632
1,770
3,999
19, 112
6,751
9, 494
32, 149
2,410
4, 160
18, 680
6,899
9,138
31, 894
2. 280
4,111
18, 637
6, 866
9. 287
53, 329
31, 527
1, 610
54, 658
32, 237
2, 190
52. 245
30. 638
1,645
52, 281
30, 448
1,882
52. 699
30. 842
1. 983
52, 995
30, 185
2,749
52, 068
29, 795
2,204
53, 513
30, 371
2,819
52, 156
29, 545
2, 308
52, 165
29, 885
1,831
52, 675
30, 287
1,808
52, 780
30, 337
1,641
53, 643
30, 675
1,856
55, 393
31,418
2,504
1,093
8,777
11, 385
1, 154
8,761
11,448
1,125
8,744
11,226
1,178
8,742
11,170
1.274
8, 695
11.056
1,315
8,746
11.157
1,288
8,821
11.118
1, 433
8,890
11,182
1, 344
8,970
11, 168
1,245
9, 074
11,314
1,237
9,182
11,342
1,240
9,350
11, 388
1,234
9, 505
11.556
1,270
9,601
11.825
4 49
4.29
4 49
4 77
4 85
4.71
4 86
5 05
percent
do
do
4.21
4.00
4.21
4.54
4. 17
3.88
4. 17
4.58
do
do
do
3.00
4.68
5.63
3.00
4.70
5.63
2.75
4.55
5.63
2.75
4.42
5.50
2.25
4.10
5.38
1.75
4.00
5.21
1.75
3.29
5.17
1.75
3.17
5.17
1.75
3.15
5.17
1.75
3.09
5.13
2.00
3.02
5.13
2.00
3.06
5.17
2. 50
3.23
5.17
do
do__
do
3.50
4.07
4.50
3.35
3.81
4.50
3.06
3.49
4.27
2.30
2.63
3.88
1.80
2.33
3.88
1.52
1.90
3.76
1.30
1.71
3.50
1.13
1.54
3.50
1.13
1.50
3.50
1.65
1.96
3.50
2.39
2.93
3.65
2.75
3.23
3.75
2.75
3.08
3.75
2.75
3.33
3.75
do__
do
3.337
3.63
3.102
3.04
2. 598
2.77
1.562
2.67
1.354
2.50
1.126
2.33
1.046
2.25
.881
2.25
.962
2.54
1.686
3.11
2.484
3.57
2.793
3.63
2.756
3.60
2,814
3. 65
Savings deposits, balance to credit of depositors:
New York State savings banks
mil. of dol
U. S. postal savingsf
do
18. 323
1,344
18,588
1,328
18, 701
1,306
18, 780
1, 288
19, 009
1,271
19, 024
1,256
19, 128
1,241
19, 340
1,213
19, 378
1,198
19, 453
1,184
19, 641
1,169
19, 667
1,158
19, 778
1,146
1,134
Discount rate (N Y. F R. Bank)
Federal intermediate credit bank loans
Federal land bank loans
Open market rates, New York City:
Bankers' acceptances (prime 90 days)
Commercial paper (prime, 4-6 months)
Stock Exchange call loans goin^ rate*
Yield on IT. S. Government securities:
3-month bills
3_5 year taxable issues
CONSUMER CREDIT t
(Short- and Intermediate- term)
Total outstanding end of month
Installment credit total
\utomobile paper
Other consumer-goods paper
Repair and modernization loans
Personalloans
r
mil of dol
do
do
do
do
-_do
43. 438
44. 774
43. 904
43.017
42. 500
42,617
42, 985
43. 079
42, 923
43, 128
43, 144
43,164
43, 464
33. 566
34. 095
33,713
33, 278
32. 940
32. 888
32,910
33. 008
33. 074
33.165
33, 079
33, 052
33, 126
1 5. 459
8 289
2, 095
7.723 :
15. 409
8, f-92
2. 091
7, 903
15, 235
8, 19.2, 06M
7. 01 4
15.030
8.277
9. 041
7. 9&
14. 793
8.179
2.019
7. 949
14,691
8.124
2.017
8. 056
14.613
8, 158
2. OS8
8,101
14. 590
8,190
2,048
8.180
14. 567
8. 197
2.061
8,249
14,514
8,254
2,091
8.306
14,332
8.312
2,107
8.328
14, 164
8,411
2,128
8,349
14, 066
8,528
2,146
8,386
Revised.
*> Preliminary.
^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
9 Includes data not shown separately.
OFor demand deposits, the term "adjusted" denotes exclusion of interbank and U. S. Government deposits and of cash items reported as in process of collection; for loans, exclusion of loans
to bnnks and deduction of valuation reserves (individual loan items are gross, i. e., before deduction of valuation reserves).
§ For bond yields, see p. S-20.
*New series (from Board of Governors of Federal Reserve System). Data (available back to January 1957) are averages of daily prevailing rates.
IData are as of end of consecutive 4-week periods ending in month indicated, except June figure which is as of June 30 (end of fiscal year).
^Revisions, incorporating more comprehensive information, appear in the Federal Reserve Bulletin as follows: 1955-56 data, in December 1957 issue; 1957 data, in November 1958 issue.
SURVEY OF CURRENT BUSINESS
January 1959
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of Novem- DecemBUSINESS STATISTICS
ber
ber
S-17
1958
January
February
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
FINANCE—Continued
CONSUMER CREDIT^— Continued
(Short- and Intermediate- term)
Total outstanding, end of month— Continued
Installment credit, total— Continued
By type of holder:
Financial institutions, total.-.
_ mil. of dol
Commercial banks
do
Sales-finance companies
.
do
Credit unions _
do
Consumerfinancecompanies. . __
do
Other
do
Retail outlets, total
Department stores..
Furniture stores
Automobile dealers
Other
_ _
Noninstallment credit, total .
Single-payment loans
Charge accounts
Service credit
_
By type of holder:
Financial institutions
Retail outlets
_
Service credit
Installment credit extended and repaid:
Unadjusted:
Extended, total
Automobile paper
Other consumer-goods paper
All other
Repaid, total
Automobile paper
Other consumer-goods paper
All other
_
Adjusted:
Extended, total
.
Automobile paper
_
Other consumer-goods paper
A l l other
_ _ _ _ _
Repaid, total
Automobile paper
_
__
Other consumer-goods paper
Allother._ _ _
_ _ . _ _ _ _.
29, 281
12, 749
9,564
2,402
3,246
1,320
29, 427
12, 753
9,573
2,429
3,333
1,339
29, 171
12, 647
9,464
2,402
3,321
1,337
28, 907
12, 451
9,405
2,404
3,307
1,340
28,646
12, 333
9,284
2,410
3,287
1,332
28, 724
12, 444
9,200
2,452
3,292
1,336
28,703
12, 467
9,129
2,478
3,277
1,352
28, 774
12, 520
9,105
2,510
3,283
1,356
28, 917
12, 606
9,121
2,545
3,292
1,353
28, 983
12, 655
9,083
2,578
3,294
1,373
28, 758
12, 607
8,891
2,591
3,280
1,389
28, 666
12, 612
8,777
2,613
3,274
1,390
28, 648
12, 617
8,708
2,628
3,281
1,414
___ do
do
do
do
do
4,285
1,199
1,148
484
1,454
4,668
1,393
1,210
478
1,587
4,542
1,381
1,170
471
1,520
4,371
1,326
1, 140
464
1,441
4,294
1,343
1,103
455
1,393
4,164
1,241
1,091
450
1,382
4,207
1,278
1,092
446
1,391
4,234
1,310
1,093
444
1,387
4,157
1,241
1,093
443
1,380
4,182
1,251
1,110
440
1,381
4,321
1,393
1,110
433
1,385
4,386
1,426
1,126
427
1,407
4,478
1,474
1,149
424
1,431
do
9,872
10, 679
10, 191
9,739
9,560
9,729
10, 075
10, 071
9,849
9,963
10, 065
10, 112
10, 338
do
do
do
3,325
4,147
2,400
3,365
4,829
2,485
3,386
4,290
2,515
3,404
3,754
2,581
3,397
3,579
2,584
3,352
3,772
2,605
3,476
4, 010
2,589
3,482
4,012
2,577
3,373
3,927
2,549
3,453
3,956
2,554
3,495
4,033
2,537
3,414
4,191
2, 507
3,499
4,297
2,542
do
__ do
do
3,325
4,147
2,400
3,365
4,829
2, 485
3,386
4,290
2,515
3,404
3,754
2,581
3,397
3,579
2,584
3,352
3,772
2,605
3,476
4,010
2,589
3,482
4,012
2,577
3,373
3,927
2,549
3,453
3,956
2,554
3,495
4,033
2,537
3,414
4,191
2,507
3,499
4,297
2,542
do
do
do
do
3,428
1,231
1,014
1,183
4,088
1,292
1,351
1,445
3,088
1,176
794
1,118
2,742
1,014
714
1,014
3,156
1,094
901
1,161
3,335
1,211
876
1,248
3,371
1,199
1,000
1,172
3,477
1,257
973
1,247
3,483
1,281
956
1,246
3,385
1,193
976
1,216
3,297
1.105
993
1,199
3,475
1,173
1,075
1,227
3,338
1,091
1,054
1,193
do
do
do
do
3,346
1,277
954
1,115
3,559
1,342
948
1,269
3,470
1,350
991
1,129
3,177
1,219
932
1,026
3,494
1,331
999
1,164
3,387
1,313
931
1,143
3,349
1,277
966
1,106
3,379
1,280
941
1,158
3,417
1,304
949
1,164
3,294
1,246
919
1,129
3,383
1,287
935
1,161
3,502
1,341
976
1,185
3,264
1,189
937
1,138
3,553
1,384
958
1,211
3,635
1,407
980
1,248
3,481
1,331
933
1,217
3,221
1,171
896
1,154
3,184
1,067
978
1,139
3,262
1,151
916
1,195
3,243
1,100
986
1,157
3,259
1,101
961
1,197
3,330
1,159
961
1,210
3,415
1,148
1,013
1,254
3,324
1,088
999
1,237
3,450
1,205
998
1,247
3,519
1,282
1,034
1,275
3,393
1,281
980
1,132
3,496
1,359
980
1,157
3,415
1,357
929
1,129
3.389
1,312
960
1,117
3,384
1,294
964
1,126
3,393
1,328
920
1,145
3,339
1,285
941
1,113
3,393
1,279
962
1, 152
3,367
1,278
948
1,141
3,404
1,277
948
1,179
3,377
1,247
950
1,180
3,419
1,282
964
1,173
3,449
1,244
1,002
1,203
5, 797
4,827
67
6,611
5,956
63
5,243
4,786
69
7, 756
6,299
58
11, 182
9,501
69
6,039
3,496
68
7,334
4,925
63
11,849
10, 785
66
3,624
2,946
72
6,280
4,838
67
8, 119
7,208
75
3,446
2,769
82
5,979
4,962
72
3,512
367
740
'1,111
2,477
2,277
432
1,363
3,034
486
385
1,270
4,741
406
1,302
1,249
2,658
6,538
680
1,237
3,584
476
722
1,189
4,253
449
1,293
1,276
3, 665
5,906
818
'1,394
1,453
479
355
1,265
3,599
316
1,105
1,193
3,909
2,267
549
1,320
1,387
374
386
1,217
3,735
319
816
1,038
5,806
636
432
3,506
1,231
5,809
674
426
3,752
958
6,011
693
433
3,765
1,120
5,528
606
429
3,590
903
5,749
616
432
3,672
1,029
6,122
613
465
3,730
1,313
5,846
595
436
3,712
1,102
r 6, 621
r
615
431
4,335
r
1, 240
6,613
642
431
3,819
1,721
6,198
574
404
3,675
1,545
6,633
578
410
3,934
1,712
7,144
600
454
4,309
1,781
6,237
607
274, 898
272, 874
227, 075
45, 799
2,024
274, 555
272, 777
227, 307
45, 470
1,777
274, 679
272, 959
227, 000
45, 959
1,720
272, 624
270, 948
225, 137
45, 810
1,676
275, 057
273, 447
228, 004
45, 443
1,610
275, 653
274, 030
227, 915
46, 115
1,622
276, 343
274, 698
228, 452
46, 246
1,646
275, 466
273, 910
228, 033
45, 877
1,556
278. 476
276, 951
230, 638
46, 313
1,525
276, 666
275, 004
229, 008
45, 996
1,661
280, 211
278, 561
233, 194
45, 367
1,650
283, 060
281, 425
236, 313
45, 112
1,635
_do _
do
do. _
do
do
do
do
_ do
FEDERAL GOVERNMENT FINANCE
Budget receipts and expenditures:
Receipts total
Receipts, net
Customs
mil, of dol
do
do
Individual income taxes _
do
Corporation income and profits taxes
do
Employment taxes __
__ _ _ _ _ . . _ _ _do
Other internal revenue and receipts
do
Expenditures, total
__
Interest on public debt Veterans' services and benefits
Major national security 9
All other expenditures
do _
do
do
do
do
r
Public debt and guaranteed obligations:
274, 747
Gross debt (direct), end of month, total
do
Interest bearing, total
'_ _ _ _ _ _ do _. 273, 132
227, 146
Public issues
do
45, 986
Special issues
_ _ __
do
1,615
Noninterest bearing
do
Obligations guaranteed by U. S. Government, end
104
of month
_
_ mil. of dol
U. S. Savings bonds:
Amount outstanding, end of month .
do
53,533
334
Sales, series E through K§
do
694
Redemptions
_ ._ _.
- _do__ _
Federal business-type activities, end of quarter :d"
Assets except interagency total
mil of dol
Loans receivable, total (less reserves)
do
To aid agriculture
do
To aid homeowners
do
Foreign loans
do
All other
do
Commodities, supplies, and materials
U. S. Government securities
Other securities and investments
Land, structures, and equipment
All other assets
do
do
do
dn
do
r
r
282, 922
280, 839
235, 999
44, 840
2,084
104
101
103
104
94
97
101
102
108
118
112
107
109
53, 209
368
813
52, 846
510
998
52, 754
407
590
52, 663
418
600
52, 550
398
605
52, 462
368
551
52, 349
376
610
52, 263
418
626
52, 193
369
534
52, 118
352
523
52, 031
378
551
51, 971
324
481
51, 878
370
586
i 71, 139
22, 395
6,688
4,769
8,754
2,552
21, 628
3,804
3,718
9,962
9,632
1
72, 242
23, 147
7,605
4,917
8,965
2,013
21, 206
4,523
3,753
10, 020
9.594
1
72 677
22, 383
6,914
4,628
9 046
2,306
21 540
4,467
3,731
10, 459
10 097
1
1
1
7, 627
8, 270
8 013
Liabilities, except interagency, total
do
3,862
4,710
4,798
Bonds, notes, and debentures
do _
3,472
2,916
4,
151
Other liabilities
do
1
1
1
1, 1?1
1 204
1. 183
'Private proprietary interest
do
1
1
* 62, 391
62. 789
U. S. Government proprietary interest
_do
63, 460
f
» Preliminary.
1 See note marked
Revised.
JSee corresponding note on'p. S-16.
9 Includes data for defense support beginning January 1957.
§Effective
J and K discontinued after April
„
. May„ 1957,, for series E and H (series
,
^ 30,1957).
,
Data for various months through September 1958, however, include minor amounts due to late
reporting or adjustments on discontinued series (F, G, J, K).
cfFigures are not directly comparable from quarter to quarter, since activities covered vary. Data reflect the condition of activities (public-enterprise and intragovernmental funds, certain other activities of the U. S. Government, and certain deposit and trust revolving funds) reporting to the Treasury under Department Circular No. 966; excluded from the data are activities
reported other than quarterly. Interagency items are excluded except in the case of trust revolving funds.
SURVEY OF CUKEENT BUSINESS
S-18
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of Novem- DecemBUSINESS STATISTICS
ber
ber
January 1959
1958
January
February
March
April
May
June
July
August
Se
^g^m" October
No
^m' Decem-
FINANCE— Continued
LIFE INSURANCE
Institute of Life Insurance:!
Assets, total, all U. S. life insurance companies
mil. of dol_ 100, 840
Bonds (book value), domestic and foreign, total
mil. of doL. 51, 303
7,209
U. S. Government
do_- _
2,367
State, county, municipal (U. S )
do
14, 612
Public utility (U. S.)
do
3,856
Railroad (U. S.)
do._.
20, 388
Industrial and miscellaneous (U. S.)
_do
101, 309
101, 961
102, 310
102, 711
103, 058
103, 508
104, 008
104, 578
105, 054
105, 493
106, 053
106, 540
51, 428
7,028
2,377
14, 663
3. 857
20, 620
51, 885
7,199
2,428
14, 706
3,852
20, 802
52, 022
7,214
2,438
14, 728
3,852
20, 877
52, 154
7,095
2,461
14, 782
3,851
21, 028
52, 407
7,106
2,474
14, 819
3,849
21. 195
52, 545
7,036
2, 502
14, 830
3,848
21, 308
52, 804
7,083
2,537
14, 895
3,843
21, 400
53, 202
7,258
2,561
14, 962
3,835
21, 523
53, 444
7,300
2,597
15, 012
3,839
21, 606
53, 638
7,307
2,616
15, 085
3,835
21, 700
53, 988
7,319
2 641
15, 170
3 829
21, 931
54, 172
7,344
2,672
15, 183
3,828
22, 043
3,042
1,628
1,391
35, 034
32, 449
3,013
1,627
1,366
35, 271
32, 686
3,013
1, 623
1,371
35, 462
32, 873
3,023
1,625
1,378
35, 587
32, 990
3,098
1,637
1,439
35, 727
33, 117
3,105
1,640
1 442
35, 840
33 213
3,118
1,641
1,453
35, 956
33, 316
3,159
1,654
1 482
36, 060
33 409
3,159
1,659
1 477
36, 183
33 519
3,151
1,658
1 469
36, 323
33 645
3,191
1,657
1,508
36, 462
33, 776
3,187
1,654
1 504
36, 648
33 955
3,198
1,651
1 516
36, 794
34 093
3,098
3 839
1,156
3 368
3,120
3,872
1,294
3,311
3, 143
3 905
1,201
3 352
3,168
3 938
1,150
3 422
3,191
3.975
1, 170
3,396
3,222
4 Oil
1,153
3 320
3,241
4 038
1,227
3 383
3,280
4 067
1,207
3 431
3,303
4 091
1,227
3 413
3,355
4 114
1,210
3 457
3,368
4,138
1,209
3,487
3,388
4 162
1,190
3,490
3,415
4 183
1,242
3 536
5,221
848
509
'3, 864
6, 837
2,137
492
4,208
5,513
1, 595
464
3,454
4,959
979
496
3,484
5,784
1, 336
550
3,898
5,565
1,024
544
3,997
5,462
999
595
3,868
5,162
5,196
633
530
4,033
5,086
869
548
3,669
5,056
666
557
3,833
5,504
759
579
4,166
5 221
3 905
do
do
_do
do
-do _.
do. _
246
979
796
292
455
157
292
957
861
327
481
169
249
839
688
273
398
137
254
820
676
286
404
147
272
923
767
309
461
167
274
956
776
308
486
174
274
924
753
320
476
167
257
889
746
305
498
171
267
949
799
334
495
166
234
820
739
303
467
164
241
842
774
316
493
181
273
963
842
328
520
186
269
953
781
294
501
168
West South Central
do
Mountain
do
Pacific
do
Institute of Life Insurance:
Payments to policyholders and beneficiaries, estimated total
_
__mil. of dol__
Death benpfits
do__
Matured endowments
do
Disabilitv payments
do
331
146
421
384
175
518
321
127
388
333
134
403
362
148
451
379
158
452
361
155
439
370
149
439
381
166
476
355
150
439
382
153
452
386
179
490
348
145
444
525.2
222.4
57 8
9.2
681.2
255.4
67. *>
8.8
652.5
258.1
67 7
11.4
567.9
239.7
58 2
9.8
641.5
262.7
61.2
10.0
624.2
259.2
60 7
10.6
584.6
233.5
58 8
10.5
579.2
229 7
58 7
10 1
590.0
246 8
55 3
10 2
537.0
222.6
50 9
9.7
577.8
233.1
57.4
10.4
594.0
244 4
60 4
10 2
536.6
214 8
65 4
9 2
44 8
101.7
89.3
40 3
119.1
190 4
67 1
119.3
128 9
48 7
111.2
100 3
49 9
126.6
131 1
49 4
132.7
111 6
48 7
123. 1
110 0
49 4
115 8
115 5
50 4
120 6
106 7
48 5
108.3
97 0
47 6
119.0
110.3
53 6
120.2
105 2
46 5
103 7
97 0
20, 609
—96 9
Stocks (book value), domestic and foreign, total
mil. of dol .
Preferred (U. S.)
_.
...
do
Common (U S )
do
Mortgage loans, total
do___
Nonfarm
do
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. o f d o l _ _
Group and wholesale
do
Industrial
__
_ -do . _ _
Ordinary tota!0
do
New England
Middle Atlantic
East North Central
West North Centra]
South Atlantic
East South Central
_ _ _
Annuity payments
Surrender values
Policy dividends
Life Insurance Association of America:
Premium income (39 cos.), quarterly total
Accident and health
Annuities
__ _
Group
Industrial
Ordinary
do
do__
do
2, 839. 3
474 9
365. 6
297.4
254.3
1, 447. 1
_do
do
_ do__
do
do
do__
2, 669. 9
441 1
344.0
312.3
232.9
1, 339. 5
780
559
3,823
728
588
2, 604. 2
451. 7
284.1
313.7
192.6
1, 362. 1
2, 557. 2
439 0
275 9
291 9
197.9
1,352 5
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U. S. (end of mo.)
mil.
Net release from earmark §
Exports
thous
Imports
of dol. _
do
of dol
do
22, 781
22, 763
—31.2
206
r
34, 511
' 79, 900
Production, reported monthly total 9
do__
54, 800
A frica
do
13 100
Canada
do
5,100
United States
do
Silver:
507
Exports
do
33 226
Imports
do
.904
Price at New York
.dol. per fine oz__
Production:
i r 2, 600
Canada
thous. of fine oz
4, 218
Mexico
do_ __
2,731
United States
_
.__
do
Money supply (end of month) :
Currency in circulation
_
mil. of dol__ 31, 661
231 000
Deposits and currency, total
do
3,200
Foreign banks deposits, net
do _
4,500
U. S. Government balances
do_
22, 784
—37. 3
21, 356
—285 0
9 366
12, 799
21,210
— 164 3
9 328
27, 373
21,011
— 196.7
26, 097
21, 594
—355. 2
250
18, 177
88
3,829
20, 874
—220. 2
8,706
79, 914
20, 690
—189.0
68
5,425
55, 500
13 400
4,500
56, 600
13 300
4,600
56 100
13 400
4,900
57 300
13 200
6,100
57, 900
12 800
5,400
58, 300
13, 100
6,200
14,000
6,700
22, 394
—252. 0
228
6,206
21, 996
—471. 5
55, 100
13 700
4,300
18, 978
45, 588
22, 686
—167. 6
2,278
41, 149
78, 700
53, 900
12 900
5,500
55, 000
13 200
4.400
52 400
12 500
4,400
493
26 963
.898
727
744
204
16 934
.894
25 609
.886
24, 413
.886
12 322
.886
4 507
.886
8 329
.886
4 493
.886
4 882
.886
5 980
.887
10, 776
.900
2, 578
3,142
3,029
2, 530
4,062
3,520
2 295
4,583
3,589
2,449
3,217
2,465
2 559
3,913
3, 123
2 651
4,070
2,597
2,528
4,151
3 243
2 386
3,919
2 127
2 884
3,930
2,651
2 856
4,431
2,614
2.390
31, 834
236, 372
3,270
5,421
30, 576
231 800
3,300
3,700
30, 554
232 500
3,700
4,900
30, 666
235 500
3,900
7,100
30, 565
239 200
4,000
6,700
30, 994
238 900
4,000
6,800
2.0
140
r
T
551
319
168
314
62
171
185
324
360
3,831
42
11,751
113
5 160
.901
.899
2 505
31, 386
31, 171
31, 371
31, 245
31, 172
32 036
244 131 p 241 900 p243 400 p242 600 p 244 900 P 247 700
3 953 *> 4 000 v 3, 900 p 3, 800 p 3, 800 p 3 700
P 7, 000 P 5, 700 p 4, 900 p 7, 000
10, 695 p 5, 600
223, 300 227, 681 224, 800 223, 900 224. 500 228, 400 228, 100 229, 483 v 232, 400 v 232, 500 p 233,100 p 236, 200 p 237,000
Deposits (adjusted) and currency, total^ __do
Demand deposits, adjusted^
__
do _. 107, 200 110, 254 107, 600 105, 600 104, 600 107, 200 105, 800 106 169 P 108, 100 * 107, 500 p 108, 100 p 110, 800 p 111 600
89, 126
Time deposits, adjusted^ _
do __ 87, 600
94, 600
90, 900
92, 500
89, 800
95, 524 P 96, 500 P 97, 000 p 97, 200 p 97, 400 p 96, 700
93, 600
28, 500
27, 400
28, 301
27, 300
Currency outside banks
do
27, 800
27, 600
27, 400
27, 790 » 27, 900 P 28, 000 p 27, 900 p 28, 000 p28 800
Turnover of demand deposits except interbank and
U. S. Government, annual rate:
54 6
51.2
49 4
56 6
56 2
55 4
58.9
New York City
ratio of debits to deposits
47 4
50.1
51 2
54 8
46 4
65 7
58 2
30.5
'29.8
30.0
32.2
30.3
27 4
28.2
30.2
30.1
31.3
6 other centerscf
do_ _
29 6
31.4
P30. 1
P34. 3
23.5
'23.1
22.0
22.1
24.7
P23.9
23.6
21.7
22.2
22.8
23.3
P25.2
22.9
23.8
337 other reDorting centers
do
' Revised.
p Preliminary.
1 Revisions for January-October 1957 (thous. fine oz.): 2,204; 2,077, 2,391; 2,271; 2,156; 2,254; 2,417; 2,667; 2,354; 2,854.
^Revisions for assets of all life insurance companies for January-July 1956 and 1957 will be shown later; data beginning 1957 not comparable with earlier data. Revisions for insure)^,?
written for 1956 are shown in the July 1957 SURVEY.
©Data for 1956-April 1958 include revisions not distributed by areas; revised area data for 1956 are available upon request.
§0r increase in earmarked gold (—).
9 Includes data for the following countries not shown separately: Mexico; Colombia; Chile; Nicaragua; Australia, and India. Revisions for 1950-56 and January-July 1957 will be
shown later.
^The term "adjusted" denotes exclusion of interbank and U. S. Government deposits; for demand deposits, also exclusion of cash items reported as in process of collection.
cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
January 1950
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
S-19
1958
1957
Novem- December
ber
January
February
March
May
April
June
August
July
Septem- October Novem- December
ber
ber
FINANCE—Continued
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Fed. Trade and SEC):
Net profit after taxes, all industries
mil. of dol
Food and kindred products .
do_
Textile mill products
do
Lumber and wood products (except furniture)
mil of dol
Paper and allied products
do
Chemicals and allied products
do
Petroleum refining
do
Stone, clay, and class products
do
Primary nonferrous metal
do
Primary iron and steel
do
Fabricated metal products (except ordnance,
machinery, and transport, equip.)
mil. of dol
Machinery (except electrical)
do
Electrical machinery
do
Transportation equipment (except motor vehicles,
etc.) _
mil. of dol
Motor vehicles and parts
do
A^l other manufacturing industries
do
3 530
2 472
2,835
3,315
273
40
319
77
27
114
424
747
153
104
267
1
101
341
533
51
84
159
21
113
392
503
145
69
198
74
113
426
648
199
85
199
96
253
221
80
190
162
118
255
178
143
240
204
123
346
345
101
213
222
92
152
284
95
40
453
2,176
1,832
1 784
1 706
357
421
349
357
220
13
261
50
Dividends paid (cash), all industries
do
Electric utilities, net profit after taxes (Fed. Res.)t
mil of dol
Railways and telephone cos. (see pp. S-23 and S-24).
SECURITIES ISSUED
Securities and Exchange Commission:!
Estimated gross proceeds, total
mil of dol
By type of security:
Bonds and notes, total
do
Corporate
___ _ _ _ _ _ _
_ _ d o __
Common stock
do
Preferred stock
do
By type of issuer:
Corporate, total 9
do
Manufacturing
d o _
Mining
do
Public utility
_ _ ___ do
Railroad
do
Communication
_ ._
_do_
Real estate and
financial
do
3,022
2,681
3,473
2,487
3,959
6,963
2,160
3,049
2,423
1,340
r
2, 197
3,034
1,389
2,849
2,328
3,401
2,220
3,830
1,494
6,832
1,101
2,041
2,953
2,133
1, 259
' 2, 120
1,098
2,798
1,272
613
168
67
379
106
10
1,232
640
35
320
20
79
42
1 175
503
13
189
4
14
30
849
255
17
305
11
44
128
496
99
42
130
14
88
66
5,731
4, 269
1 022
2 185
1, 461
671
150
24
761
343
11
744
44
28
607
182
85
61
69
844
224
22
302
16
93
130
1,114
592
14
175
27
41
93
816
155
14
326
69
86
111
875
180
18
373
17
36
211
1,623
2,178
Noncorporate, total 9 __
do
1,374
U. S. Government
do
639
State and municipal _ _ _
_
do
New corporate security issues:
828
Estimated net proceeds, total
_ . _ do .._
Proposed uses of proceeds:
764
New money, total _ __ ..
__do _
559
Plant and equipment
do
205
Working capital
do
39
Retirement of securities
__
___ do
25
Other purposes
do
State and municipal issues (Bond Buyer):
639, 335
Long-term
thous. of dol
93, 579
Short-term. _
__
___
__ _ do
1,567
2,657
1,613
2, 336
1,802
925
640
511
782
407
899
240
22
415
40
800
50
524
90
41
594
84
36
866
38
58
907
219
70
492
70
12
714
193
7
345
12
41
79
963
319
15
412
1
12
83
1 196
573
139
29
287
11
13
51
1,447
2,086
1,411
1 226
798
368
877
554
552
19
403
28
102
34
418
631
767
369
389
55
23
r
r
647
439
893
324
444
352
1,097
805
856
1,608
1,213
699
948
1 174
563
1 159
832
487
1,023
814
210
21
53
711
593
119
82
11
832
577
255
5
10
1, 525
1,390
1,037
885
152
72
104
709
572
137
67
172
1 026
877
149
72
76
518
424
93
25
20
1 038
135
47
35
532
439
93
99
68
635
403
15
106
699
478
222
17
116
418
306
111
12
57
640, 418
459, 382
782, 437
232, 803
899, 485
459, 779
524, 355
272, 890
797, 617
356, 990
876, 838
353, 774
553 658
263, 860
631 365
288 907
389 004
423 300
647 477
369 359
439 391
231 298
r
T
458, 783
414, 697
420 209
241 283
SECURITY MARKETS
Brokers' Balances (N. Y. S. E. Members
Carrying Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net) Customers' free credit balances
Money borrowed.
mil of dol
do
do
..do
325
2, 559
342
2,550
328
2, 613
312
312
322
312
2,682
2,776
2, 869
324
2,997
3 170
1 080
2 208
3,152
1 103
2 002
3 231
1 119
2 075
3 311
1 140
2 025
3, 369
1 148
2,133
331
332
345
346
346
1,697
1,831
1,740
1,846
1,990
2,051
2,052
3 168
1 047
2,398
92 67
92.93
75.27
94 85
95.12
77.59
95 38
95. 63
78.74
96 18
96.43
78 99
96 87
97.12
79 79
97 50
97 74
80 39
97 78
98 03
80 64
96 82
97 04
80 80
95 69
95 89
81 11
92 32
92 47
81 46
91 74
91 90
80 72
91 77
91 92
80 92
92 47
92 63
80 95
98.3
103.4
91.90
102.7
107.5
95.63
105. 9
110.0
96.48
105.7
109.1
96.20
105.0
107.9
96. 34
105. 3
110.0
98.23
105.5
111.0
97.94
105.5
110.8
97 17
104.2
108.0
94 78
102.0
103.7
91 51
98.9
100.6
89 51
98.6
100.9
89 36
98.8
102.3
90 13
94, 231
109, 879
109, 562
129, 460
112, 769
126, 929
80 411
89, 912
148 045
143, 165
120 171
127, 627
119 914
124 411
123 517
129 333
121 140
126 294
120 651
127' 385
122 594
126 495
161 393
156 838
157 707
146 107
93, 159
108, 569
108, 149
127, 775
111,021
124, 912
78, 859
87, 914
146, 703
141, 614
118, 129
125, 249
118 070
122, 367
121 728
127, 603
119 247
124 171
119 220
125 769
120 972
124 673
158 973
154 274
155 965
145 264
99, 249
119, 125
117, 884
88, 898
95, 197
116, 482
106, 176
119, 875
o
137, 703
95, 197
90 058
5,140
116, 482
111 368
5,090
o
130, 267
88, 898
84 293
4,572
o
106, 733
117, 880
112, 166
5,714
o
113, 220
119, 125
114, 050
5,073
o
113, 936
99, 247
95, 505
3,725
106, 176
101 236
4.941
113, 936
107 332
6.598
113 220
106 551
6.637
106 633
101 128
5. 506
119 875
114 465
5.408
137 703
131 844
5. 859
130 262
124 296
5.966
876
896
937
939
954
985
979
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.),
tot?l§
dollars
Domestic
do
Foreign
do
Standard and Poor's Corporation:
Industrial, utility, and railroad (Al+issues):
Composite (21 bonds) d"
dol. per $100 bond-Domestic municipal (15 bonds)
do
U. S. Treasury bonds, taxable©
do _
Sales:
Total, excluding U. S. Government bonds:
All registered exchanges:
Market value
thous of dol
Face value
do
New York Stock Exchange:
Market value
do
Face value
do
New York Stock Exchange, exclusive of stopped
sales, face value, total §
thous. of dol. .
U. S Government
do
Other than U. S. Government, total §
do_ __
Domestic
do
Foreign
.
do
T
2
0
4
0
0
o
100
Revised.
* Preliminary.
^Revisions for electric utilities for 1955 and 1956 appear in the July 1958 SURVEY. Revisions for securities issued (SEC) for January-March 1957 will be shown later.
9 Includes data not shown separately.
§Data for bonds of the International Bank for Reconstruction and Development, not shown separately, are included in computing average price of all listed bonds.
cf Number of bonds represent number currently used; the change in the number does not affect the continuity of series.
O Prices are derived from average yields on basis of an assumed 3 percent 20-year bond. Comparable data back to January 1957 appear in the July 1958 SURVEY
5
98.7
102.3
88.90
SURVEY OF CURRENT BUSINESS
S-20
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of Novem- DecemBUSINESS STATISTICS
ber
ber
Januarv 1059
1958
January
February
March
April
May
June
July
I ScomAugust SeptemOctober November
ber
ber
FINANCE—Continued
SECURITY MARKETS- Continued
Bonds— Continued
Vnlue, issues listed on N. Y. S. E.:
Market value, total, all issues § ._ __ ..mil. ofdol _ 102. 487
100, 524
Domestic
do
1, 236
Foreign _ . _ _ _ - _ _ _ _
_
_ do
106, 072
103, 996
1,329
106. 780
104, 682
1, 339
111, 805
109, 579
1, 340
114,816
112, 566
1,365
115, 751
113. 456
1, 383
116, 027
113,688
1,416
118,287
115, 802
1,423
116, 425
113, 955
1,425
110, 165
107, 683
1,462
107, 711
105. 251
1,448
108, 045
105, 549
1,461
109, 238
106. 718
1,481
111,830
109, 333
1,713
111.951
109, 464
1,701
116,247
113,639
1, 696
118, 525
115,903
1,711
118, 720
116,075
1,721
118,662
115,976
1,756
122, 178
1 19, 338
1,762
121, 673
118, 836
1,756
119,336
116,455
1,795
117,407
114, 527
1.794
117,734
1 14, 831
1, 805
118, 133 !
115, 204
1.829
4.31
4.06
4.01
4.04
4.02
4.00
3.98
4.02
4.17
4.39
4.42
4.40
4.38
3.81
4.08
4.31
5.03
3.60
3.81
4.01
4.83
3.59
3.77
4.00
4.66
3.63
3.78
4.06
4.68
3.60
3.78
4.01
4.67
3.57
3.78
4.02
4.62
3.57
3.78
4.00
4.55
3.67
3.83
4.04
4.53
3.85
3.98
4.19
4.67
4.09
4.20
4.40
4.87
4.11
4.21
4.45
4.92
4.09
4.21
4.43
4.87
4. 08
4.18
4.42
4.85
4.11
4.29
4.53
3.91
3.99
4.30
3.86
3.87
4.29
3.86
3.95
4.30
3.83
3.90
4.32
3.80
3.89
4.30
3 77
3.88
4.28
3.81
3.94
4.30
3.94
4.16
4.42
4.24
4.41
4.52
4.25
4.46
4.56
4.23 !
4.40 ,
4.56
4.24
4.39
4. 52
2.97
3.47
3.30
2.90
3.32
3.24
3.08
3.37
3.26
3.02
3.45
3.25
2.91
3.31
3.12
2 92
3.' 25
3.14
3.05
3.26
3.19
3.13
3.45
3.36
3.52
3.74
3.60
3.54
3.96
3.75
3.38
3.94
3.76
3.30
3.84
3.70
3.40
3.84
3. 80
325. 0
75.6
134.6
2.4
2, 138. 7
224.7
1, 375. 2
172.9
813.4
172.6
261. 1
8.6
345. 5
107.2
115.4
2.4
1, 692. 8
106.4
1, 138. 5
118.2
749.9
130.8
258. 7
8.8
302.8
63.0
126.9
2.8
1, 677. 0
114.9
1,110.2
117.0
779.9
149.4
264.1
7.5
302.2
68.7
115.4
2.3
1. 648. 0
111.7
1. 104. 7
109.8
771. 5
142. 1
260.4
8.5
298.3
73.6
111.8
2.5
1.3
85.2
4.3
14.1
7.5
52.7
143.4
81.6
53. 6
34.6
162. 0
85.3
28.6
85. 3
9.9
1.2
83.7
6.4
22.5
6.7
52.4
141.3
62.5
43.5
30.0
166. 5
95.0
21.8
62.5
5.8
1.3
83.9
2.7
15.0
7.2
52.5
143. 4
62.8
48.0
28.2
173.2
95.6
18.7
64.0
7.4
1.4
85.6
5.8
14.4
8.6
53.7
144.2
56.0
41.4
26.5
174.1
95.7
19.5
65.0
6.2
1.3
86.0
3.5
13.1
6.5
5.38
5.86
2.45
3.75
3.62
4.04
5. 40
5.88
2.46
3.75
3.72
4.04
5. 37
5.86
2.46
3.44
3 72
4.04
5.34
5.83
2.46
3.36
3. 75
4.07
5.34
5.83
2.46
3.33
3.75
4.07
5.32
5.80
2.50
3.33
3. 75
4.07
5.30
5. 77
2.50
3.29
3.75
4.07
5. 30
5.76
2.50
3.27
3.75
4.07
5.28
5.74
2.51
3.27
3.75
4.07
5.26
5.71
2.51
3.27
3.76
4.07
5.25
5.71
2.51
3.25
3.77
4.07
5.27
5.69
2.51
3.32
3.77
4.07
5.22
5.63
2.52
3.35
3.77
4.07
5.24
5.64
117.38
134. 30
48. 65
48.64
113.20
128. 38
50.30
45. 1 1
117.76
133.06
53. 04
50. 61
115.69
129. 97
53. 27
47. 59
118.75
134.17
54. 16
48. 11
122. 35
138. 30
56. 05
52.22
124.05
139. 97
56. 78
54. 25
127.67
144.74
57. 74
55. 29
132. 89
151, 57
58.21
60.16
134. 46
153. 48
57.20
61.12
141.29
161.34
59. 38
66.43
144. 82
165. 03
61.08
69.12
147. 66
168. 37
62.18
72.71
156. 81
177. 75
66. 37
73. 89
4.58
4.36
5.04
7.71
4.84
3.56
4.77
4.58
4.89
8.31
5.09
3.46
4.56
4.40
4.64
6.80
4.93
3.16
4 62
4.49
4.62
7.06
4.78
3.12
4.50
4.35
4.54
6.92
4.71
3.08
4.35
4.19
4.46
6.38
4.76
3.08
4.27
4. 12
4.40
6. 06
4.58
3.08
4.15
3.98
4.33
5.91
4.53
2.99
3.97
3.79
4.31
5.44
4.54
2.94
3.91
3.72
4.39
5.35
4.43
2.97
3.72
3.54
4.23
4.89
4.15
2.98
3.64
3.45
4.11
4.80
4. 14
2.75
3.54
3. 34
4.05
4.61
4.09
2.68
3. 34
3.17
3.87
4.60
4.00
2. 54
110, 598
Face value, total, all issues § _ . _ _
_do
108, 173
Domestic
do
Foreign
do
1,642
Yields:
4.49
Domestic corporate (Moody 's)
percen t. _
By ratings:
4.08
Aaa
. do
4.29
Aa
do
4.50
A
._
do
5.09
Baa
do
By groups:
4.34
Industrial
do
4.49
Public utility
_ _.
_
_ _
do
4.65
Railroad
do
Domestic municipal:
3.27
Bond Buyer (20 bond?)
do
3.76
Standard and Poor's Corp. (15 bonds)
do
3.57
U. S. Treasury bonds, taxableO
-do
Stocks
Cash dividend payments publicly reported:
Total dividend payments— _ _ _ _. mil. ofdol..
Manufacturing.
_ ... _ do
Mining
do
Public utilities:
Communications _ _
__
_
do
Electric and gas. __ _ _ _ _ - __
do_ _
Railroad
._
do
Trade
_
do
Miscellaneous
do
Dividend rates, prices, yields, and earnings, common
stocks (Moody's):
Dividends per share, annual rate (200 stocks) .dollars..
Industrial (125 stocks)
do
Public utility (24 stocks)
do
Railroad (25 stocks)
do
Bank (15 stocks)
__
_ do
Insurance (10 stocks)
do
Price per share, end of month (200 stocks) 9
Industrial (125 stocks)
Public utility (24 stocks)
Railroad (25 stocks)
Yield (200 stocks1) Industrial (125 stocks)
PubMe utility (24 stocks)
Railroad (25 stocks')
__
Bank (15 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
Dividend yields, preferred stocks, 14 high-grade
4.78
(Standard and Poor's Corp.)
percent-Prices:
146.
87
Dow Jones & Co., Inc. (65 stocks)
dol. per share-436. 73
Industrial (30 stocks)
_
do
Public utility (15 stocks)
. . . .
-do. _ 65.83
104. 63
Railroad (20 stocks)
do
Standard and Poor's Corporation:
Industrial, public utility, and railroad :d"
Combined index (500 stocks)
1941-43= 10. . 40.35
43.41
In du stria .1, total (425 stocks) 9
do
41.87
Capital goods (129 stocks)
do
30. 52
Consumers' goods (196 stocks)
do
30. 68
Public utility (50 stocks)
do_ _
22.63
Railroad (25 stocks)
do
Banks:!
18.47
N Y City (12 stocks)
do
35. 75
Outside N. Y. City (17 stocks)
do
22.19
Fire insurance (17 stocks)
- _ do
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
2.252
Market value t _
..mil. of dol__
Shares soldj
thousands _ 80, 920
On New York Stock Exchange:
1,960
Market value!
- mil. ofdol..
Shares soldi
_ _
thousands. _ 58, 608
Exclusive of odd lot and stopped sales (N. Y.
Times)
thousands-- 48, 217
Shares listed, New York Stock Exchange:
Market value all listed shares
mil. of dol__ 200.919
4,781
Numbcr of shares listed
millions
8.10
7.30
3. 53
3.51
7.35
3.50
1.17
9.90
3.41
7 07
£ 40
3.77
4.23
i
i 9. 10
4.64
4.49
4.36
4.38
4.42
4.37
4.31
4.28
4.36
4.45
4.58
146. 03
436. 94
68.08
98.13
151.01
445. 68
71.08
104. 90
151. 63
444.16
72.19
106. 64
152.79
450. 14
73.23
104. 75
153. 74
446. 90
75. 75
106. 86
159.15
460. 04
77. 65
113. 73
163.12
471. 97
78.64
117. 68
168. 87
488. 28
79.64
124. 78
174. 55
507. 55
78.71
132. 32
179.36
521. 82
80.06
136. 96
40. 33
41.12
41.26
42.11
42.34
43.70
44.75
45. 98
47.70
48.96
50.95 1
52. 50
53. 49
43.29
41.35
30. 29
31. 79
21.39
43.98
43.00
31. 43
33. 30
22. 69
44.01
43.32
31.60
34.12
23.00
44.97
43.60
32.35
34. 57
22.60
45.09
42.61
32.78
35.54
23.20
46.51
43.86
34.18
36.57
24.74
47. 62
45.17
34.78
37.31
25.54
48.96
46.92
36.01
37.82
26.86
51.00
49.75
37.44
37. 50
28.43
52. 40
51. 34
38.90
37.97
29. 51
54. 55 !
53.60
40.65 i
39. 15
31.23 |
56. 11
55. 20
42. 47
40.75
33. 07
57. 09
56. 84
43. 31
42. 05
33.70
18. 73
35. 76
23.45
19.08
37.98
25.88
19.55
38.87
26.81
20.21
39.56
27.49
20.26
40.17
27. 36
20.54
40.96
27.51
21.23
41.44
28. 16
21.24
41.94
28.38
21.47
42.62
28.72
22.54
43. 98
28 54
23.28 i
45.25
29.49 ;
23. 55
46. 68
31.83
24. 03
48.16
33.42
2,529
96, 084
2, 625
96, 960
2,112
76, 694
2,316
79, 417
2,361
81, 569
2,748
97, 823
2,771
93, 976
3,322
110, 944
3, 350
115, 724
3,442
115, 052
2,200
68, 265
2.292
69, 335
1,832
51, 841
2,008
56, 673
2.019
58, 502
2,319
69. 192
2,340
65, 812
2,829
80, 233
2, 895
83, 502
2.922
80. 695
46, 675
50, 305
54, 179
56, 618
69, 496
62, 373
71,972
207, 795
4, 852
214, 040
4,861
218,773
4,870
224, 904
4,883
234, 507
4,903
237, 509
4,906
248, 388
4,916
54, 468
195, 570
4.. 804
49, 871
40, 198
204. 969 201,174
4,813 | 4, 826
4.65
4.63
186. 56
193. 59
539. 85
557. 10
82.07 I 85. 56
146. 52 | 153. 80
196. 91
566. 43
88.09
155. 00
4,823 I 3, 991
161, 286 130, 626
4,172
118,112
3, 407
91. 504
95, 987 ! 74, 366
255,117
4, 933
1
•"~ •;; ;
75, 018
261,828
4, 959
'Revised
P Preliminary.
' Includes $2.45 retroactive mail pay increase.
.
. , , , , . . - , . ., ,
SInclude bonds of the International Bank for Reconstruction and Development not shown separately; these bonds are included in computing the average price of all listed bonds shown on
p. S-19.
©For bonds due or callable in 10 years or more.
9 Includes data not shown separately.
.. - * •
cf Number of stocks represents number currently used, the change in number does not affect the continuity of series.
fData not shown in 1957 BUSINESS STATISTICS; indexes prior to August 1956 are available upon request.
{Revised to exclude sales of rights and warrants. Comparable data prior to May 1957 will be shown later.
SUEVEY OF CUREENT BUSINESS
January 1959
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of Novem- DecemBUSINESS STATISTICS
ber
ber
S-21
1958
January
February
March
April
May
June
July
DecemOctober NovemAugust September
ber
ber
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
BALANCE OF PAYMENTS (QUARTERLY) {
Exports of goods and services, total
mil. of dol
Militarv transfers under grants, net
do
Merchandise, adjusted, excluding military transactions©
mil of dol
Income on investments abroad
do
Other services and military transactions
do
7 134
552
6 245
668
6,686
769
6,081
548
<* 641
773
1,168
4 053
619
905
4 186
716
1,015
3 795
695
1,043
Imports of goods and services, total
Merchandise, adjusted© of
Income on foreign investments in U. S
Military expenditures
Other servicesd"
do
do
_ _ __do
do
- do
5 092
3 385
177
702
828
4 850
3 143
154
829
724
5 211
3,170
130
904
1,007
5 300
3, 158
143
757
1,242
__ _
_ do
+2, 042
+1,395
+1, 475
+781
-
_ do
do
do
-1, 127
— 137
-990
— 1,215
— 121
— 1,094
-1,365
-125
-1, 240
-1,096
—131
-965
U. S. long- and short-term capital (net), total .-do
Private
do
Government
__
_ _ _
_do
Foreign long- and short-term capital (net)
do
Gold sales [purchases ( — )]
do
Errors and omissions
do
-971
—598
-373
+262
—98
— 108
— 927
— 684
—243
+207
+370
+ 170
-1,248
— 1, 030
-218
-10
+1 075
+73
-779
-441
338
+394
+483
+217
Balance on goods and services _.
Unilateral transfers (net), total
Private
Government
FOREIGN TRADE
Indexes
Exports of U. S. merchandise:!
311
Quantity
_
1936-38=100
684
Value
do
Unit value
do
220
Imports for consumption :J
177
Quantity
- _
_- do
506
Value
do
Unit value
_
do
286
Agricultural products, quantity:!
Exports, U. S. merchandise, "total:
161
Unadjusted
1952-54=100__
137
Seasonally adjusted
_
do
Cotton (incl. linters), seas adj
do
162
Imports for consumption, total:
Unadjusted
do
Seasonally adjusted
_ do
Supplementary imports, seas adj
do
Complementary imports, seas adj
do
Shipping Weight
Water-borne trade:
10, 020
Exports incl reexports §
thous of long tons
12, 105
General imports
do
Value}
Exports (mdse.), including reexports, total!
1,682.7
mil. of dol
By geographic regions: A
54.7
Africa. _ _ _ _
. do
278.5
Asia and Oceania
do
449.1
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
do
do
do
do do
306
667
218
281
613
218
250
547
219
289
632
219
287
622
216
309
666
216
266
573
215
267
577
216
264
567
215
257
555
216
194
553
284
191
541
283
165
466
282
186
519
279
182
511
280
185
514
277
180
497
276
184
510
276
171
470
275
191
523
273
170
138
136
145
135
122
128
120
109
134
127
130
141
146
155
152
156
176
»-143
143
185
354
130
162
127
130
143
99
151
137
62
146
124
94
9 347
12, 485
7,901
12, 825
6 270
10, 678
7 288
11 346
8 483
11,675
9 043
12 491
9 299
14 134
9,293
13, 996
10 240
12 794
1, 638. 6
1,510.9
1, 344. 9
1 556 9
1, 530. 6 1 637.9
1 407.9
1,419.0
1 395 9
1,361 7
1, 599. 1
1, 596. 2
50.2
290.7
454.6
51.9
257.0
400.7
45.6
238.4
335.2
63 2
268 1
398.8
57.3
256.6
375.3
59.0
261 1
436.8
47.4
240.5
350.7
47.0
208.6
369.9
46 6
218 3
358 7
36.2
213 1
344.7
40.5
223 9
416.4
73.7
247.9
412.0
295.3
204.4
229.0
265. 5
194.6
226.8
248.5
179.6
202.2
?57 3
167.4
169.8
292 6
182 0
196.9
294 3
184.2
185.8
315 0
184 0
197.9
306 6
163.9
160.0
271 5
176.9
171.9
265 9
163 5
192 8
290 5
168 3
158.1
322 1
183 7
185.6
283 5
161.7
187.3
2.8
24.9
3.6
22.3
3.4
27 1
36
i 26 8
1
5.8
20 0
3.2
i 18 2
4 3
i 19 i
1
32
12 7
4 3
* 15 4
5.9
i 17.5
1
3.7
26.6
1
4.3
19 6
1
5 7
27 9
1
rl64
142
r
22.9
do
14.6
13.8
22.9
21.9
12.5
18.4
21.4
12.6
15.2
15.6
17.8
12.7
2 9 Q
21 5
221
India and Pakistan
do
22 7
36 9
43 3
41.7
34.4
34 6
40 0
36 8
27 8
26 8
39 0
32 3
46 1
Japan. _
__
_
_ _
do _
67.6
88.1
95.8
69.3
78.1
83 2
72.8
52. 1
67.3
72.0
59 9
67.9
64 1
3.3
5.5
Indonesia
__
do
8 4
6.5
8.6
8.5
3. S
35
41
6 7
5.7
4 8
4 0
34 2
Republic of the Philippines
do
28.9
29.9
17 9
22 5
19 5
21 8
22 2
22 1
27 9
28 1
26 9
24 0
Europe:
32.1
France..
..
_ do
35.6
41.3
38.5
32.8
36.0
25 7
34.2
33 3
47 3
31.6
43 9
31 6
(3)
(3)
(3)
1
2
o
o
o
0
0
0
East Germany
do
(3)
C3)
62 2
49 9
79.8
West Germany
do
80.0
54 3
58 4
58 6
68 0
53 8
76 3
64 2
65 4
60 3
Italy. _
_ _ _ _ _ _ _do
42 3
38.9
47.3
41.7
34 7
41.9
53.2
49 5
45.5
43.3
43 5
35 9
35 0
(3)
(3)
(3)
(3)
(3)
3
.1
.l
.1
6
6
Union of Soviet Socialist Republics
do
(3)
(3)
United Kingdom..- . do
88.5
55.9
81.8
53.4
81.6
73.6
58.3
73.7
102 1
67.3
62.7
64.6
58 3
North and South America:
Canada.
_
do
295.3
265.5
248.4
257.3
283 5
294.3
314 9
271 5
?92 5
306 6
290 5
322 1
265 8
411. 3
398.2
Latin American Republics, total 9 -do
327.9
325 6
305.9
361.6
351. 0
359 6
319.0
360 5
307 4
344 7
337 3
18.5
23 2
18.6
Argentina
do
16 8
17 5
16 4
16 8
18 8
20 4
26 4
16 8
18 8
26 5
Brazil
__
do
38.2
46.1
45.8
37.4
39 5
45 1
34 9
44.2
46 0
46 3
39 9
45 0
49 5
Chile
do
15.0
13 7
14 0
11 2
10 2
12 7
14 7
10 2
15 6
9 0
10 5
13 8
15 3
20.5
19.4
Colombia
- do
22.3
14 4
16 4
14 2
14 5
14.7
12 8
15 6
17 6
16 2
15 0
55.3
50.9
Cuba
_.do
60.4
43 2
44.9
42.5
43 7
40.2
51. 1
48.2
42 2
45 7
53 1
81.3
Mexico
..
do
81.2
67 8
87 9
60 8
72 7
76 1
81 8
82 6
61 5
80 5
68 7
73 3
105. 9
82.4
Venezuela
do
100.7
54.1
65,7
74.8
55.8
71.6
72.6
61.7
75.3
60.0
64.5
2
' Revised.
f> Preliminary.
* Data include Southern British Africa.
For Colony of Singapore only. 3 Less than $50,000.
IRevisions for balance of payments for 1919-56 appear in the 1958 Balance of Payments Supplement. Revisions for following periods will be shown later: 1st qtr. 1957 for balance of payments; January 1956-January 1957 (general revisions in both exports and imports); July-December 1955 and January-May 1954 (total exports and certain components only); also for 1941-54,
private relief shipments of food products, formerly included with finished manufactures, have been shifted to the manufactured foodstuffs class.
G Adjusted for balance-of-payments purposes, mainly for valuation, coverage, and timing.
cfExcludes military expenditures.
tRevised series; see similar note in September 1958 SURVEY.
§Excludes "special category" shipments and all commodities exported under foreign-aid programs as Department of Defense controlled cargo.
fData include shipments (military and economic aid) under the Mutual Security Program. Total MSP military shipments (including, since early 1956, also "consumables and construction" shipments) are as follows (mil. dol.): November 1957-November 1958, respectively—86.8; 95.3; 108.7; 99.5; 114.5; 121.7; 131.4; 98.7; 129.0; 113.2; 121.6; 181.3; 188.5.
AExcludes "special category" shipments.
9Includes countries not shown separately.
SURVEY OF CUEEENT BUSINESS
S-22
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
January 19.~>9
1958
1957
Novem- December
ber
January
February
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value t— Continued
Exports of U S merchandise totalf
mil of dol
By economic classes:
Crude materials
do...
Crude foodstuffs
do
Manufactured foodstuffs and beverages... do__
Semimanufactures 9
do
Finished manufactures 9
do
By principal commodities:
Agricultural products, total©
_
do
Cotton, unmanufactured
.__
Fruits, vegetables, and preparations.
Grains and preparations
Packing-house products
Tobacco and manufactures
Nonagricultural products, total© Automobiles, parts, and accessories..
Chemicals and related product s§
Coal and related fuels
Iron and steel-mill products
Machinery total§©
Agricultural
Tractors parts and accessories
Electrical
Metalworking§
Other industrial
Petroleum and products
Textiles and manufactures
General imports, total
By geographic regions:
Africa
A^ia and Oceania
Europe
East Germany
"West Germany
Italy
Union of Soviet Socialist Republics
United Kingdom
North and South America:
Latin American Republics total©
Argentina
Brazil
Chile
Colombia
Cuba
M^exico
Venezuela
Import5 for consumption total
By economic classes: & '
Crude materials
Crude foodstuffs
Semimanufactures
Finished manufactures
By principal commodities:^
Agricultural products total©
Cocoa (cacao) beans incl shells
Coffee
Hides and skins
Sugar
~^V"ool and mohair unmanufactured
onagncu lira pro uc s, o a
Nonferrous ores metals and mfs
Tin including ore
Paper base stocks
Newsprint
e r o e u m a n pro uc s
1, 626. 2
1, 495. 0
1, 334. 1
1, 541. 2
1, 516. 3
1, 623. 3
1, 395. 9
1, 405. 3
1, 381. 4
1,351.8
1,584 3
1, 581. 6
248.9
100.6
87.7
223.9
1, 007. 3
252. 1
105.2
99.9
208. 5
960.5
199.2
105.1
75.9
186.5
928.3
159.9
89.4
79.9
168.1
836.7
178.3
87.5
101.5
192.7
981.2
174.8
104.9
92.8
187.4
956.5
188.5
100.2
110.4
207. 5
1,016.6
175.5
112.5
103.3
168.9
835.8
184.0
104.4
88.4
169.2
859.2
160.4
120.0
77.3
186. 5
837.2
160.7
108.8
88.7
183.8
809.7
199.1
114.9
104.4
222.4
943.6
195.8
109. 0
87.9
213.4
975.6
368.5
394.2
324.1
285.3
315.8
315.8
344.4
327.8
315.3
293.4
297.2
357.8
341.8
do
do
do
do
do
79.8
31.1
102.1
22.8
41.4
95.0
28.6
104.5
22.3
39.4
79.5
25.0
107. 0
18.5
24.2
66.8
30.9
92.5
19.3
22 7
70.4
35.7
93.5
20.0
31.3
73.0
28.9
112.3
16.0
21.8
76.7
34.4
95.1
21.2
25.7
61.5
37.7
111.8
17.6
30.9
64.1
30.9
109.4
19.7
32.0
28.4
28.2
120.4
18.0
36.3
30.2
31.6
110.4
18.9
52.6
25.1
40.4
117.3
22.1
71.3
45.6
28.8
109.5
24.2
47.8
do
1, 299. 9
1, 232. 0 1,171.0
1, 048. 8
1, 225. 4 1, 200. 5
1, 278. 9
1, 068. 1
1, 090. 0
1, 088. 0
1,054.6
do _
do
do
do
130.9
115.7
58.3
93.7
140.7
110.6
55.4
83.8
118.7
104.2
46.4
74.9
109.5
106.8
34.0
59.6
121.3
120.2
39.8
66.6
122.2
114.2
46.1
66.2
131.5
127.9
46.0
61.9
99.7
113.3
50.5
44.5
92.6
109.2
45.4
42.1
84.1
109.7
55.6
42.6
80.5
106.5
47.9
46.9
97.3
119.9
47.6
60.1
114.9
117.9
42.7
57. 5
1, 226. 5 1, 239. 8
do
358.4
339.2
332.5
295.9
363.9
346.6
368.2
319.4
312.4
298.9
288.7
316.2
319.8
do
do
do
do
do
7.1
26.5
103.1
26.8
180.8
7.6
23.3
86.9
27.9
179.8
9.0
27.3
81.5
24.8
174.2
10.0
27.1
72.1
IK. 9
155.9
13.2
31.5
88.7
27.8
186.3
13.9
29.9
87.2
28.1
174.1
14.8
31.6
88.7
35.4
181.4
10.9
29.1
79.3
28.6
158.0
10.3
28.5
80.2
28.9
151.9
8.7
23.3
76.2
27.7
150.3
8.1
22.5
80.2
22 5
141.7
7.9
24.1
89.2
27.6
152.7
8.1
18.2
91.7
33.2
154.9
do
do
64.9
58.3
52.4
55.3
44.3
47.0
41.4
48.6
45.9
59.1
50.8
62.6
50.8
52.8
39.1
43.8
50.4
40.4
52.9
46.9
44.7
46 7
49.0
54.8
51.0
49.5
1, 043. 2 1,141. 1
1, 057. 2 1, 063. 0 1, 036. 6 °1, 050. 0
1,141.8
1, 095. 3
961.5
1,071.1
952.5
1,074 3
do
do
do
44.3
164.8
259.2
53.4
187.3
281.3
61.5
185.8
265.2
47.6
154.8
245.5
62.1
196.3
257.5
57.8
180.5
258.7
45.1
175. 6
270.6
45.2
185.9
246.9
41.7
184.3
286.1
25.7
182.2
252.4
38 0
178 3
285. 3
do .
do
do
236.4
123.3
215.3
235.4
136.8
247.0
206.1
173.3
203.4
186.3
143.8
183.5
215.4
157.7
182.1
207.5
171.5
181.2
219.9
156.6
195. 3
236.0
149.6
173.0
235.2
151.0
184.9
210.0
110.8
171.5
258. 0
125 7
188 9
do
do
2.3
5.6
1.4
8.9
6.9
i 10.9
.3
18.1
.3
i 10.4
.5
18.6
.6
17.5
1.7
19.3
6.0
*7.3
.6
'4.3
do
do
do
do
do
do
7.8
17.3
16.2
49.1
18.0
13.6
8.3
12.7
21.8
51.5
21.5
18.0
9.3
23.1
25.6
57.0
13.1
19.1
7.3
23.4
19.4
41.6
12.2
16.6
10.8
22.0
24.1
51.6
16.0
25.7
6.9
22.7
18.0
49.9
13.1
25.5
10.8
22.2
17.4
49.3
14.3
26.0
9.1
22.9
13.1
52.3
18.1
25.9
7.2
15.3
60.6
9.9
30.7
4.6
22.3
14.6
60.8
11.4
24.5
do
do
do
do
do
20.0
.4
50.5
20.4
.2
67.7
23.1
.5
57.6
23.5
.6
61.7
22.2
.6
50.4
23.7
.7
63.4
20.7
.6
42.3
16.3
.8
65.5
18.8
.1
52.4
19.5
1.5
74.8
22.5
.3
52.0
19.9
1.1
64.7
22.2
.3
51.1
18.7
2.1
71.9
21.7
.7
48.2
19.5
.4
59.9
28.5
.8
54.4
23.1
3.4
78.7
24.3
1.1
48.8
23.2
2.0
61.3
236.3
305.8
7.6
67.7
15.3
38.2
31.9
34.3
63.5
1, 037. 3
235.3
351.0
10.5
84.6
15.4
33.4
23.4
47.2
78.4
1, 133. 5
206.1
333.7
8.3
53.4
12.7
23.8
46.3
45.7
86.2
1, 109. 0
186.3
295.2
8.6
43.5
13.2
29.6
46.2
39.6
71.8
956.4
215.4
303.9
12.4
35.0
12.8
28.6
52.9
41.2
75.0
1,064.6
207.4
314.4
11.8
46.2
14.7
21.0
48.8
51.2
71.1
1,047.2
219.8
315.1
13.7
59.2
8.7
26.6
43.8
47.8
68.6
1, 053. 2
243.5
192.1
98 5
217.7
285.5
272.4
223. 6
101 3
241.1
295.1
283.7
186.6
109 1
220.3
309.3
218.3
157.1
104.9
202.8
273.2
228.5
170.4
128.3
228.5
309.0
218.6
182.7
126.7
211.0
308.2
217.3
181.5
128.8
207.0
318.6
220.6
134.8
133.2
215.8
314.1
214.4
146.9
147.1
216.5
353.6
221.9
120.4
119.6
197.9
304.1
239.0
137.3
131 1
236.5
328.2
331.4
7.9
132.0
3.1
27.6
22.8
11.9
706 0
33
103.2
26 1
8.3
26.5
51.0
119 9
376.1
24.5
144.9
3.7
31 4
19.3
11.2
757 4
16 8
113.9
26 2
4.5
22.9
50.2
137 3
356.4
18.3
116.1
3.6
25.1
43.4
17.6
752.6
14.1
114.4
40. 1
5.9
22.1
50.5
154 0
307.2
18.8
94.6
3.4
25.1
44.2
12.4
649.2
9.9
79.1
24.8
5.9
24.1
46.2
126.4
339.4
20.4
93.0
4.2
21.9
54.9
16.4
725.3
6.4
100.3
26.2
10.8
25.6
48.7
137.1
348.2
15.6
116.5
6.4
18.6
50.9
15.5
699.0
7.7
99.5
26.5
9.2
23.6
53.1
127.1
342.5
13.4
118.8
4.6
16.3
43.9
11.8
710.8
4.4
88.0
18.2
9.6
22.7
52.8
119.8
290.1
13.8
76.5
5.0
13.7
52.1
10.4
728.4
3.7
94.3
29.1
13.0
27.8
51.7
141.2
313.3
12.5
87.2
5.2
12.3
53.4
10.5
765.2
6.0
68.4
9.8
4.5
25.0
51.9
141.1
284.7
5.1
73.2
4.7
19.1
41.4
9.2
679.1
3.6
57.6
7.3
7.2
25.5
46.1
123.8
302.8
6.2
83.5
3.5
20 2
43.5
11.3
769 2
4.8
93.8
8.6
7.7
28.5
48.7
129.1
mil. of dol
Northern North America
Southern North America
South America
By leading countries:
Africa:
United Arab Republic (Egypt Region)
Union of South Africa
Asia and Oceania:
Australia including New Guinea
British M^alaya
India and Pakistan
Japan
Indonesia
Republic of the Philippines
Europe:
1, 668. 3
do
do
do
do
do
do
do
do
mil of dol
do
do
do
do
do
do
do
do_ _
do __
do
total© do
do
do
do
o
21.5
235.9
235.0
279.6
292.8
8.0
10.0
47.7
35.6
12.1
10.3
17.1
33.1
51.8
50.9
30.4
34.5
71.2
74.5
1, 018. 5 «1, 045. 0
1
2
82
4 3
27
18.8
55.4
15.3
22 2
2
23.7
.1
55 8
20.2
1.9
78.0
209.4
257.8
248.4
276.2
8.7
11.2
36.2
44.3
13.3
11 8
29.1
30.3
40.0
44.3
25.0
30.8
64.6
68.8
963.8 ' 1, 072. 0
1,153.3
r
2
Revised.
» Preliminary.
* Data include Southern British Africa.
For Colony of Singapore only (imports from Federation of Malaya, formerly included, totaled $7.6 mil. in January 1958). ° Adjusted for difference in carryovers; detail not adjusted.
JSee similar note on p S-21
ISee similar note on p. S-21.
9 Data for semimanufactures reported as "special category, type 1" are included with finished manufactures.
©Includes data not shown separately.
§Excludes "special category, type 1" exports.
cf See similar note in September 1958 SURVEY.
SURVEY OF CURRENT BUSINESS
January 1958
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of Novem- DecemBUSINESS STATISTICS
ber
ber
S-23
1958
January
February
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines
Operations on scheduled airlines:
Miles flown, revenue..
Express and freight ton-miles
Mail ton-miles
flown
__
Passengers originated, revenue.Passenger-miles flown, revenue
57, 522
20, 684
7,761
3,113
1,790
61, 637
21, 730
11, 082
3,274
2,031
61, 558
20, 599
8,275
3,341
2,072
53, 713
19, 193
7,829
2,889
1,716
59, 455
21, 904
8,629
3,274
2,003
58, 833
21,063
8,693
3, 339
2,028
60,353
22, 613
8,622
3,274
1,963
62, 151
22, 660
8,038
3, 575
2,280
64,015
22, 821
8,277
3,454
2,236
64, 195
28,224
8,099
3,662
2,381
61, 695
28, 188
8,190
3,433
2,100
59, 373
29, 487
0,124
3,564
2,101
thous. of dol
do
31, 469
9,535
38, 072
13, 115
28, 265
6,997
25, 781
4,865
29, 931
9,117
29, 428
9,270
28, 553
8,478
29, 667
10, 095
27, 477
8,309
30, 449
10, 474
33, 940
12,268
33,363
11,832
Fares, average cash rate0
cents
Passengers carried, revenue
millions
Operating revenues©
mil. of dol
Class I Motor Carriers (Intercity)
Carriers of property (quarterly totals) :
Number of reporting carriers
Operating revenues, total
thous of dol
Expenses, total
do
Revenue freight carried
thous of tons
16.0
'677
112.4
16.1
701
118.0
16.2
677
111.7
16.2
615
102.7
16.2
681
111.7
16.4
677
113.2
16.4
683
113.0
16.7
622
104.6
16.9
595
105.4
17.0
590
104.5
17.1
641
104.8
17.2
695
117.3
17.4
635
flown
.
thousands..
do
_do
do
millions
Express Operations
Transportation revenues
Express privilege payments Local Transit Lines
Carriers of passengers (quarterly totals) :
Number of reporting carriers
Operating revenues, total
thous. of dol
Expenses total
do
Revenue passengers carried
thousands
Class I Railways
Freight carloadings (A. A. R.):d*
Total cars
thousands. _
Coal
do
Coke
._
_
do
Forest products
do
Total seasonally adjusted©
Coal
Coke
Forest products
_
_ __ _
__
.
_.
875
966,732
925,025
58,010
148
97, 625
92, 328
64, 735
143
83, 113
87, 205
55, 077
141
106, 509
94, 597
60, 532
139
126, 167
100, 764
63, 630
2,164
457
28
136
2,108
427
28
139
2,702
533
30
166
2,105
366
21
131
2,729
467
26
169
2,489
467
23
148
2,138
259
20
128
3,146
560
29
192
2,570
460
28
156
2,733
477
31
161
3,135
583
42
190
2,186
467
34
135
254
47
191
249
1,626
213
21
64
173
1,123
208
21
63
166
1,086
196
17
54
179
1,067
244
24
74
239
1,391
200
20
56
185
1,126
230
27
149
218
1,443
242
18
208
178
1,207
265
15
204
164
1,083
317
24
276
237
1,511
214
34
221
200
1,256
264
50
210
191
1,349
291
40
174
218
1,596
201
18
56
156
1,121
114
108
121
116
102
99
107
112
99
97
92
115
93
89
88
111
94
85
75
108
93
75
65
106
97
79
67
112
106
93
71
118
97
62
67
110
107
93
75
125
114
99
92
131
117
98
99
131
112
100
112
125
101
100
115
112
do
do
do
do
do
148
65
127
32
126
155
39
59
28
110
152
38
56
28
106
136
31
48
29
101
138
34
52
30
105
140
37
50
29
107
131
38
112
28
111
172
32
182
28
114
196
28
188
27
107
173
35
194
30
114
158
64
202
33
124
118
88
179
30
127
166
55
119
28
124
148
32
51
26
110
do
do
do
do
112
108
121
118
110
99
102
125
109
97
87
128
101
89
83
115
100
85
74
108
95
75
67
106
97
79
68
108
103
93
73
114
93
62
69
110
104
93
79
119
106
99
93
121
109
98
101
124
110
100
112
128
109
100
109
126
151
52
152
32
121
165
41
192
30
117
152
40
222
29
116
139
38
191
30
110
150
44
181
30
108
159
42
70
29
108
149
42
70
28
110
169
37
118
28
110
164
37
117
27
106
160
36
129
30
113
141
49
134
31
115
118
57
122
29
117
169
43
122
28
119
157
33
165
27
117
19, 965
9,275
2,376
54, 072
18,237
23, 057
105, 263
35, 032
52, 482
112, 229
34, 259
57, 700
110, 576
33, 844
58, 148
124, 247
37,036
67, 579
129, 834
45, 808
63, 514
83, 218
39, 354
29, 433
92, 047
29,034
46, 830
61, 094
17, 558
28, 959
33, 307
9,750
11,903
18,030
4,266
4,738
17, 173
2,935
5,260
35, 328
8,379
10, 918
245
127
92
29
23
0
46
18
1
67
4
17
160
31
0
19
8
0
35
6
21
614
399
183
569
525
17
1,577
1,441
60
2,694
2,096
537
6,402
5,217
1.017
2,316
1,794
442
540
362
169
' 831. 1
' 711. 4
52.9
666.0
824.8
676.5
65.0
683.6
778.4
660.2
57.7
650.0
692.8
589.9
48.7
599.4
767.6
655.0
50.5
623.6
743.7
630.8
51.5
609.9
758.9
643.7
53.6
621.4
791.6
666.0
63.0
620.4
779.5
648.5
65.4
627.4
833.6
700.0
64.1
629.9
846.9
724.5
52.1
630.1
903.0
' 777. 2
50.5
651. 2
809.5
688.7
51.2
99.7
64.2
45.2
82.1
59.0
73.6
96.6
31.8
16.7
84.4
8.9
100.0
44.0
24.5
96.9
36.9
16.7
93.6
44.0
27.3
104.1
67.2
49.4
100.5
51.6
30.9
111.9
91.8
74.5
123.3
93.6
72.7
137.1
114.7
96.8
80.2
410.7
50, 192
1.462
1,776
45, 995
1.504
2,259
46,508
1.468
1,966
41, 300
1.472
1,621
46, 592
1.454
1,719
43, 002
1.503
1,764
46, 335
1.443
1,831
47, 113
1.458
2,212
43, 945
1.516
2,396
51, 174
1.417
2,368
50,164
1.475
1,806
54, 643
12, 774
10, 238
2,536
11,912
9,894
2,018
11, 571
9,547
2,024
9,759
7,910
1,849
11, 680
9,550
2,130
11, 692
9,546
2,146
13, 107
10, 588
2,519
12, 724
10, 430
2,294
13, 045
10, 648
2,397
13, 606
11, 227
2,379
3,994
832
4,058
892
3,735
813
3,420
771
4,055
950
3,863
953
4,072
930
3,911
1,087
4,102
1,087
4,086
986
3,494
949
4,098
873
do
_do__ .
do
mil. of dol..
do
do
Tax accruals, joint facility and equipment rents
mil. of dol._
Net railway operating income
do
Net income t
do
Operating results:
Passengers carried 1 mile revenue
millions
Waterway Traffic
Clearances, vessels in foreign trade:
Totnl TJ S ports
thous of net tons
Foreign vessels
do
TJnited States vessels
do
Panama Canal:
Total
thous of long tons
jlttn United States vessels
do
d
875
939, 824
901, 029
57, 750
2,221
461
33
132
Grain and grain products
do
Livestock
__
do
Ore
do
Merchandise, 1. c. 1. _
_ . do__
Miscellaneous©
do
Freight-car surplus and shortage, daily average:
Car surplus, total 9
. . . . .number
Boxcars
do
Gondolas and open hoppers _
.
__ _ do
Car shortage, total 9
Boxcars
_
_
Gondolas and open hoppers
Financial operations:
Operating revenues, tota!9
Freight
Passenger
878
885, 162
877, 857
56, 268
3,223
635
47
175
Grain and grain products
do
Livestock
do
Ore .
do
Merchandise, 1. c. 1
do
Miscellaneous. _.
.
__
do
Freight carloadings (Federal Reserve indexes) :
Total, unadjusted
1935-39=100
Coal
do
Coke .
do
Forest products
_
do
Grain and grain products
Livestock
Ore
Merchandise, 1. c. 1
Miscellaneous
836
995, 146
987, 067
61, 454
' Revised.
Deficit.
* Preliminary.
©Revisions for 1956 for average cash fares are shown in the Ja auary 195 3 SURVEY and for o]Derating r Bvenues, in the Apr il 1958 issiie.
cf Data for November 1957 and March, May, Augus t, and N<>vember 1958 cover 5 weeks; c>ther mon ths, 4 wee ks.
©Revisions for February and March 1955 and 1956 appear in the April 1958 SUEVEY.
9 Includes data not shown separately,
t Revision for October 1957, $80,300,000.
4,072
988
SURVEY OF CUEEENT BUSINESS
S-24
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
January 1959
1958
1957
Novem- December
ber
January
February
March
April
May
June
July
October
August September
Novem- December
ber
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Travel
Hotels:
Average sale per occupied room
dollars..
Rooms occupied
percent of total- _
Restaurant sales index
same month 1929=100
Foreign travel:
U. S. citizens: Arrivals
_ number
Departures
do
Aliens: Arrivals
_ _
do _
Departures
do
Passports issued and renewed
do
National parks, visitors
thousands
Pullman Co.:
Revenue passenger-miles
millions
Passenger revenues
thous of dol
COMMUNICATIONS
Telephone carriers:
Operating revenues 9
thous of dol
Station revenues
do
Tolls, message
do
Operating expenses, before taxes
do
Net operating income
do
Phones in service end of month
thousands
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues
thous. of dol
Operating expenses, incl depreciation
do
Net operating revenues
_ do „
Ocean -cable:
Operating revenues
do
Operating expenses, incl depreciation
do
Net operating revenues
do
Radiotelegraph:
Operating revenues
do
Operating expenses, incl. depreciation
do
Net operating revenues
- do. _
8.81
67
262
7.98
54
241
8.31
68
259
8.31
69
254
8.04
67
243
8.68
69
265
8.15
68
303
8.73
69
280
8.17
60
242
9.14
65
262
8.84
69
266
9.37
75
275
9.07
65
257
95, 909
79, 431
68, 036
49, 478
26, 262
430
93, 952
100, 117
67, 926
61, 308
28, 419
342
95, 814
107, 711
66, 587
37, 206
48, 238
382
93, 460
100, 548
56, 307
45, 516
56, 521
371
109,116
113, 162
77, 174
57, 642
75, 652
410
105,173
117, 156
77, 151
60, 139
99, 054
687
117, 417
134, 768
86, 398
70, 774
88, 168
1,350
141, 362
196, 429
91. 989
86, 052
73, 251
3,095
179, 863
195, 209
102, 541
82, 834
59, 062
5,116
234, 512
165, 545
108, 630
89, 338
46, 924
5,507
188, 348
128, 860
111, 897
79, 353
38, 039
2,026
140, 998
105, 437
87, 446
69, 529
33, 715
1,297
109, 133
364
5,522
420
6,382
462
7,044
374
5,765
381
5,938
359
5,585
345
5,376
397
6,153
337
5,209
346
5,347
283
4,389
305
4,726
564, 297
325, 853
187, 067
366, 209
83, 700
55 536
579 975
331, 492
196, 124
392, 194
79, 545
55 781
577, 513
333, 297
191, 674
381, 312
79, 442
55 959
559, 574
330, 850
176, 685
358, 127
81, 826
56, 101
579, 203
333, 729
192, 665
374, 632
84, 489
56, 244
582 147
336, 933
192, 266
371, 723
87, 478
56 426
589, 161
338, 344
196, 798
369, 177
93, 071
56, 635
590, 595
339, 292
197, 218
360, 538
97, 391
56, 834
595 002
337, 800
203, 105
370, 246
93, 851
57,044
599, 589
339, 333
204, 719
362, 219
99, 959
57, 269
601, 052
343, 959
201, 615
363, 844
100, 471
57, 563
619 977
351, 685
212, 139
383, 520
100, 407
57, 873
18, 745
17, 533
451
20, 330
17, 941
2,075
19, 467
17, 972
497
17, 952
16. 489
536
19, 360
17, 413
986
19, 698
17, 770
1,032
19, 961
18, 070
977
20, 229
18,011
1,335
19, 789
18, 825
94
20, 981
18, 483
1,679
21, 276
18, 873
1,726
22, 706
19, 594
2,506
2,995
2,322
389
3,206
2,387
463
3,188
2,415
464
2,891
2,200
418
3,071
2,288
500
2,854
2,213
361
2,946
2,394
283
2,899
2,245
382
3,029
2,501
247
2,575
2,362
d
40
2,830
2,211
357
3,006
2,239
505
3,260
2,648
512
3,439
2,895
443
3,432
2,815
503
3,101
2,646
342
3,343
2,737
493
3,340
2,705
522
3,508
2,814
574
3,395
2,725
551
3,578
2,851
619
3,588
2,686
798
3,645
2,837
701
3,856
2,887
876
294.7
63.4
92.2
283.4
60.3
280.6
72.4
92 6
293 6
65.7
304.8
76.5
75 4
304 1
66 9
' 326. 0
81.8
70 2
335 1
76.7
333.9
88.3
r
254 5
3 983
145. 7
258 1
378.1
8.22
54
246
72, 553
27, 829
553
30, 445
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production: t
Ammonia, synthetic anhydrous (commercial)
thous. of short tons__
Calcium carbide (commercial) __
do
Carbon dioxide, liquid, gas, and solid
- do
Chlorine gas
do
Hydrochloric acid (100% HC1)
do__.
315.3
86.5
59.6
324 1
78.6
234 7
Nitric acid (100% HNOs)
do
Oxygen (high purity)
mil. of cu. ft
2,842
131.4
Phosphoric acid (100% P2Os) § thous. of short tons
Sodium carbonate (soda ash), synthetic (58% Na2O)
404.1
thous. of short tons _
Sodium bichromate and chromate
do
8.7
363.7
Sodium hydroxide (100% NaOH)
do _
Sodium silicate, soluble silicate glass (anhydrous)
thous. of short tons
47.7
Sodium sulfate (Glauber's salt and crude salt cake)
71.9
thous of short tons
Sulfuric acid:
1, 325. 7
Production (100% H2S O4).-_
_
do__
Price, wholesale, 66°, tanks, at works
22.35
dol. per short ton_.
Organic chemicals :cf
Acetic acid (synthetic and natural), production
thous. of lb__ 47, 259
85, 266
Acetic anhydride, production _
do
1,774
Acetvlsalicylic acid (aspirin), production
do
Alcohol, ethyl:
42, 654
Prodn ction
thous of proof gal
Stocks, end of month, total
_ _ _do _ _ 27, 775
23, 460
In industrial alcohol bonded warehouses do
4,315
In denaturing plants
do
38, 319
Used for denaturation
do
1,163
Withdrawn tax-paid
do
Alcohol, denatured:
20, 672
Production
thous. of wine gal
21, 808
Consumption (withdrawals)
do
3,870
Stocks, end of month
do
9,936
Creosote oil, production
thous. of gal
DDT, production
thous. of lb__
9,017
9,002
Ethyl acetate (85%), production
do _
106 358
Ethylene glycol, production
do
117, 081
Formaldehyde (37% HCHO), production .. do
Glycerin, refined, all grades:
Production
do
19, 799
Consumption t
do
16, 211
57, 855
Stocks, end of montht
do
Methanol, production:
134
Natural
thous of gal
17, 747
Synthetic
do
Phthalic anhydride, production
thous. of lb__ 31, 231
324.4
87.0
60.0
324.4
78.3
326.9
81.5
58.1
311 6
76.4
286.7
66.8
51.9
267 5
64.8
339.0
75.8
59.8
288 8
66.1
329.8
70.5
62. 1
277 5
65.6
348.2
73.5
73.6
287 9
67.7
336.3
59.7
84.7
279 6
64.3
255 9
2,654
126.7
252 1
2,650
143.2
213 3
2,559
135.1
242 1
2,592
155.2
235 5
2,583
157.1
210 1
2,983
153.2
175 5
3,067
139.3
191 8
2,874
139.8
196 9
3,315
133.4
223 7
3 497
138.7
372.6
9.5
363.2
362.8
8.8
353.9
346.4
7.2
309.2
373.7
8.0
333.2
340.0
6.4
322.0
346.0
8.8
331.0
338.4
7.7
318.4
345.5
3.8
317.4
375.7
7.8
325.0
366.7
9.8
330.3
393.9
9.6
367.8
43.3
141.3
MO. 4
146.6
138.6
134.6
132.8
130.3
140.0
1
38.7
M5.8
72.4
69 3
r
67.9
70.0
60.8
69.8
65.9
60.5
53.2
55.4
60.2
1, 307. 3
1,351.2
1, 214. 1
1, 363. 7
1, 296. 9
1, 309. 8
1,216.2
1, 207. 5
1, 231. 8
22.35
22.35
22.35
22.35
22.35
22.35
22.35
22, 35
22.35
22.35
22.35
48, 829
86, 675
2,034
47, 517
80. 808
2,144
39, 710
78, 233
1,778
40, 210
71, 259
2,022
40, 791
67, 258
1,910
44, 279
76, 586
1,759
47, 906
89, 871
1,695
48, 148
80, 769
1,602
50, 791
86, 445
1,372
53, 644
90, 452
1,456
53, 887
89,683
1,990
41, 373
33, 582
29, 296
4,287
35, 674
741
46, 363
36, 190
31, 694
4,496
40, 651
758
39, 345
29, 923
25, 740
4.183
35, 535
1,050
42, 733
30, 444
28, 033
2,410
39, 009
763
42, 146
31, 631
29, 016
2,615
40, 413
882
44, 048
35, 551
32, 504
3,048
39, 499
898
38, 858
37, 738
35, 113
2,624
35, 802
800
39, 339
37, 757
34, 840
2,917
36, 320
600
39, 751
38, 669
36, 100
2,570
38, 389
625
38, 136
30, 754
27, 712
3,042
43, 741
725
40 470
26, 569
23, 225
3,344
41, 875
583
19, 290
19, 676
3,571
21, 885
21, 895
3,470
19, 122
19, 473
3,228
20, 990
20, 412
3,868
21, 756
20, 925
4,436
21, 230
20, 041
5,949
19, 288
19, 352
5,865
19, 598
18, 831
6,808
20, 620
19, 549
7,794
23, 630
24, 483
6,974
22, 647
22, 731
7,017
9,729
8,870
9,074
103, 997
104, 466
8,506
10, 451
6,281
106, 806
111, 467
7,339
10, 793
5,314
94, 875
104, 663
8, 540
11, 881
6,198
89, 167
110, 881
8,509
11, 351
3,879
84, 730
98, 319
8,634
12, 185
5,764
89, 542
103, 721
9, 354
12, 173
6,548
88, 210
108, 888
8,471
12, 722
6,872
99, 151
87, 472
9,155
11, 197
8,552
88,983
117, 207
8,520
12, 291
9, 654
89, 410
134, 494
11, 152
12, 745
8,681
99, 042
148, Oil
20, 465
14, 470
61, 149
18, 822
15, 658
61, 429
17, 840
14, 731
62, 163
18, 112
15, 602
60, 416
15, 902
16, 391
56, 232
15, 742
16, 383
52, 698
17, 944
16, 394
49, 737
15, 331
15, 502
46, 324
17,902
16, 317
43, 087
19,354
17, 224
40, 622
23, 464
18, 997
40,403
148
19, 588
31, 913
165
18 197
25, 436
167
16, 965
22, 638
196
18, 585
27, 340
180
16, 430
24, 090
195
19, 162
23, 904
175
16, 092
23, 426
153
17, 034
24, 107
149
18, 268
21,830
149
20, 151
25,300
135
21, 698
27,570
1, 259. 3 ''1,445.9
335 4
78.0
144.6
374.0
1, 469. 3
v 22. 35
20, 064
16, 458
40, 362
d
' Revised.
» Preliminary.
Deficit.
* Excludes quantities produced and consumed in making meta, ortho, and sesquisilicates.
9 Includes data not shown separately.
^Revisions to be published later are as follows: Inorganic chemicals, 1956 and January-July 1957 (also 1955 for phosphoric and sulfuric acid); glycerin, January-April 1957 for consumption
and January-September 1957 for stocks.
§New basis; to convert data on old basis, multiply by .3622.
cf Data (except for alcohol) are reported on basis of 100-percent content of the specified material unless otherwise indicated.
SURVEY OF CUEEENT BUSINESS
January 1950
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of Novem- DecemBUSINESS STATISTICS
ber
ber
S-25
1958
January
February
March
April
May
June
July
August September
October
Novem- December
ber
CHEMICALS AND ALLIED PRODUCTS—Continued
FERTILIZERS
287
314
432
392, 048
70, 852
264,064
41 859
361,631
72, 221
272 165
7 722
310, 929
60, 753
216,263
16 992
289, 916
80, 534
176, 185
17 508
1,107
361, 372
40, 681
254 519
54 118
1,644
480, 615
56, 565
349, 964
52 547
1,313
440 893
30, 582
340 998
53 391
492, 271
54, 721
389 777
37 403
534, 793
35, 378
435 342
55 605
486 231
45,502
391 706
38 256
477, 045
25, 558
399 136
46 594
Imports, total 9
do
Nitrogenous materials, total 9
do
Nitrate of soda __
_
__ __ _.
do_
Phosphate materials
do
Potash materials
..
_
do_
Price, wholesale, nitrate of soda, crude, f. o. b. cars,
port warehouses.-.
_ .
- dol. per short ton
205 134
155, 271
88, 290
10, 079
22, 839
211 548
160, 757
50, 771
9 439
26, 194
298 502
220, 121
36, 109
14,813
39, 905
224 835
137, 632
33, 552
7,926
49, 451
374 303
158, 364
32, 862
10 759
30, 786
262, 087
138, 293
39, 395
6,392
55, 731
158 349
87, 726
36, 903
8 547
7,494
139 356
91, 075
52, 527
7 169
11, 858
109 724
73,692
39, 458
6 795
9,618
174 920
107, 992
27, 279
10,294
36, 820
234 742
137, 158
30, 108
21 610
37, 224
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
P4449
Potash deliveries
short tons
Superphosphate (100% available phosphoric acid):
Production. _ _
_
short tons
Stocks, end of month
do
MISCELLANEOUS
Explosives (industrial), shipments:
Black blasting powder
.__
thous. oflb
High explosives . .
do
Sulfur (native):
Production
thous. of long tons
Stocks (producers'), end of month ... _ _
_ do_
160 852
124 833
173 131
153 573
245 330
314 277
151 371
57 283
114 434
221 480
115 781
205 581
102 269
207, 990
375, 678
213, 861
407 022
222, 379
417 598
210, 399
410 915
229, 982
358 747
241, 668
274, 457
232, 805
267 418
172, 722
315 581
160, 078
369, 667
146, 254 '168,583
362, 905 r333 411
208, 373
320 704
Consumption (10 States)©
_. -thous. of short tons
Exports, total 9 _ _
_ _
short tons
Nitrogenous materials
_ _ _do_
Phosphate materials
do
Potash materials
do
334
352
69, 603
340
68, 154
293
64, 719
259
58, 393
190
61, 394
106
64, 580
91
66, 327
901
279
132
193
68, 234
61, 432
200
238
73, 594
340
412, 294
70, 755
300 839
29 577
305
269
79, 494
77, 177
348
336
396, 415
67, 836
262 518
53 373
209
70, 349
446
472
461
359
356
4,540
4,621
384
4,423
4,621
403
415
4,355
4,638
4,620
4,662
4,721
4,666
4,652
4,530
4,462
23, 132
17, 810
19, 763
24, 755
20, 791
23, 458
25, 698
25, 430
23, 927
22, 503
22, 900
20, 691
22, 592
21, 443
20, 933
27, 379
24, 376
24, 047
25 253
23,535
23, 812
24, 348
24,859
20,838
28,112
28,926
19, 246
27, 242
25,023
18, 962
31, 717
29, 979
21, 232
29 063
27 545
21,006
211, 279
141, 343
270, 070
231, 653
148, 147
267, 193
203, 628
126, 104
244, 655
193, 459
135, 987
230, 809
199, 340
129, 185
233, 836
205, 720
128. 091
229, 349
199, 863
127, 154
240, 242
204, 902
114,480
244, 046
211, 439
139, 076
233, 414
208, 670 244, 362 235, 123
148, 658 1 148, 309 U28 314
223, 785 ^269,182 250, 408
10, 056
10, 384
89, 110
6,420
12, 071
78, 480
384
10, 209
71, 148
440
9,619
66, 532
647
10, 790
59, 032
1,547
8,576
78, 123
16, 248
9,320
84, 732
26,791
9,064
96,601
28, 497
9,079
105, 984
30, 888
10, 645
113, 242
27, 854
12, 875
113, 333
585
418
651
429
614
606
528
540
552
559
526
565
511
568
450
539
457
464
495
502
489
527
610
306
676
325
659
337
648
348
668
411
641
431
592
395
526
351
521
312
507
251
430
214
55,146
39, 887
1,157
38, 730
130, 156
50, 799
89, 169
49, 254
1,795
47, 459
44, 651
30, 341
3,496
26, 845
78, 361
45, 799
1,009
44, 789
78, 947
28,348
1,041
27, 307
227, 641
55, 750
17, 460
38,290
130, 874
34, 301
1,731
32, 570
80,536
57, 325
56,487
105, 692
41,963
1,982
39, 881
32, 450
23, 979
36, 483
32, 554
30, 183
31, 469
16, 721
32,120
20, 334
18, 122
16, 416
22, 333
10, 761
12, 857
27, 108
9,602
29, 668
31,006
13, 226
32,425
28,675
14, 512
28,440
26,329
16,221
23, 557
41,069
34, 712
41, 574
29 178
40, 167
36, 367
25, 146
36, 425
28,490
37, 823
35, 238
38, 745
40, 162
36, 552
36, 716
38 462
52, 885
32, 532
48,390
29,526
55, 516
33, 107
52, 046
30,766
55, 078
34,863
54, 932
35, 093
51,316
38, 038
38, 821
11,913
14, 460
56, 840
12 287
23, 099
57, 329
11 065
19, 776
46, 641
11 163
10, 589
41, 368
12 485
20,747
45, 930
11 505
10,993
81
407
415
429
360
FATS, OILS, OILSEEDS, AND BYPRODUCTS
Animal fats and greases: eft
Tallow, edible:
Production
thous of Ib
25, 786
23,199
Consumption, factory^.,
do
Stocks (incl. refined grades), end of month do_
13, 901
Tallow and grease (except wool), inedible:
Production _ __. _ __ _ . _ _
_do. __ 223, 282
146, 151
Consumption, factory*! _
_ _
do
249, 102
Stocks (excl. refined grades), end of month. .do
Fish and marine mammal oils:At
Production
__
.
_
Consumption, factory
- ._
Stocks, end of month
.
Vegetable oils, oilseeds, and byproducts: f
Vegetable oils, total:
Production crude
Consumption, crude, factory
__
Stocks, end of month:
Crude
Refined
_do
do
do
mil of Ib
do
do
do
Exports
thous. oflb.
Imports, total
_ __ _
do
Paint oils
_ _
do_
All other vegetable oils
__
do
Copra:
Consumption, factory
short tons
Stocks, end of month
do
Im ports. _
do. _ _
Coconut or copra oil:
Production:
Crude
thous. oflb
Refined
do
Consumption, factory:
Crude
-.. do
Refined
__
do
Stocks, end of month:
Crude
._ _ .
do.
Refined
do
Imports
_
..
_
_
do
Cottonseed:
Receipts at mills
thous of short tons
Consumption (crush)
. do
Stocks at mills, end of month
do
Cottonseed cake and meal:
Production _
_
_ _ short tons
Stocks at mills, end of month
do
Cottonseed oil, crude:
Production
... thous. of lb__.
Stocks, end of month _ .
_____
do
Cottonseed oil, refined:
Production
do
Consumption, factory..
do
In margarine.
_. .
do_ _ _
Stocks, end of month .
mil. of Ib
Price, \Mbolesale, drums (N. Y.)
dol. per lb__
Flaxseed:
Production (crop estimate)
thous. of bu__
Oil mills:
Consumption
do
Stocks, end of month
do
Price, wholesale, No. 1 (Minneapolis). dol. per bu__
987
49, 811
* 8, 658
12, 162
119, 975
6, 475
9, 386
104 788
114, 613
51, 193
2,677
48, 516
140, 163
44, 250
30, 079
11,760
24,694
27, 376
15, 283
32, 619
28 942
8,348
23 593
11 170
33, 859
34, 506
38, 934
41 287
35,084
34 853
37,404
40 658
30 475
28 275
55,274
37, 092
49, 230
31, 065
61,720
41, 855
56 384
35, 219
61 365
40,429
46 212
28 050
43, 508
8 619
19, 102
41,881
8 707
9,462
49, 339
10 700
33,018
54,372
10 555
19^ 448
50,566
9 544
21,635
42, 477
9 351
49 914
9 721
838
r
r
929
544
273
522
1,367
1,042
12
255
516
5
180
341
12
127
225
81
132
175
305
148
331
482
307
507
1 112
1,626
36
327
758
1 643
1,241
1 437
1 951
281, 252
262, 388
247,536
247, 186
238,031
241, 455
186, 389
224, 694
149, 743
198, 037
117,320
189, 776
81, 357
182, 734
55, 749
162, 223
59,542
112, 475
69, 370
78,441
135, 067
71, 215
329, 102
116 105
283 913
106 724
204, 379
127,838
181, 195
124, 413
174, 440
129, 699
140, 101
136, 965
110,930
124, 862
87, 224
87, 442
61, 675
71, 433
43,206
45, 678
45, 054
37, 972
48, 129
33, 025
96,315
49,061
239, 110
122 625
205,160
163 368
133 777
109, 610
15,685
131 698
107, 956
15, 619
138,290
115, 273
17, 777
108, 729
94, 796
14, 736
109, 427
92, 916
10, 233
108, 425
96, 364
11,081
74 534
94, 014
9,461
66 351
84, 589
8,674
47 029
91, 901
11, 574
70 434 r!43 997
96, 931 120 921
10, 662
11, 232
142 372
119 590
14 292
.195
.205
.205
.205
.205
.205
180
169
49 368
82,658
8,877
.205
.201
.201
.201
.180
1,854
4,719
3.34
1,942
4,155
3.21
2,312
2,847
3.10
1,684
2,127
2.99
1 585
1,644
2.96
1,364
1,547
3.00
1,000
2,064
3.23
1 872
2,968
3.10
2 559
5,868
3.00
936
613
114
132
152
161
189
192
130
95
72
2,069
4,414
3.42
103
'. 173
599
131
v. 174
3
2 25, 919
2,373
4,662
3.35
712
39 543
2 571
2 245
5 646
5' 266
2.99
3.00
2.97
Revised estimate of 1957 crop.
' Revised.
» Preliminary.
* Beginning October 1958 excludes quantities used in refining but includes refined quantities (formerly excluded). 2
3 December 1 estimate of 1958 crop.
©States represented are: North Carolina, South Carolina, Georgia, Florida, Alabama, Tennessee, Arkansas, Louisiana, Texas, Oklahoma. According to quarterly reports from Virginia,
consumption in that State is as follows (tbous. short tons): 1957—July-September, 79; October-December, 66; 1958—January-March, 219; April-June, 331; July-September, 76.
9 Includes data not shown separately.
d*For data on lard, see p. S-29.
^Revisions will be shown later covering 1955, 1956, and January-September 1957 (also 1954 for edible tallow) for production, consumption, and stocks of commodities affected.
^Consumption figures for edible tallow exclude quantities used in refining; those for inedible tallow, etc., include such quantities through September 1958 only.
ABeginning 1955, data may include some refined oils (not formerly included); consumption figures exclude data for cod, cod-liver, and other oils, and stocks include only the quantities of
these oils held by producing firms.
SUKYEY OF CUKKENT BUSINESS
S-26
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
January 1959
1958
1957
Novem- December
ber
January
February
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
CHEMICALS AND ALLIED PRODUCTS—Continued
FATS, OILS, ETC.— Continued
Vegetable oils, oilseeds, and byproducts— Continued
Linseed oil, raw:
Production:!:
thous. of lb__
Consumption, factory
_ _ __ do
Stocks at factory end of month t
do
Price, wholesale (Minneapolis)
dol. per lb__
Soybeans:
Production (crop estimate)
- thous. of bu__
Consumption factoryj
do
Stocks end of month i
_ _ _ __ do
Soybean oil:
Production:
Crude
thous of Ib
Refined
do ._
Consumption, factorv, refined!
do
Stocks, end of month: J
Crude
_
do
Refined
do
Price, wholesale, refined (N. Y.)
dol. per lb__
Margarine:
Production J
thous of Ib
Stocks (factory and warehouse1*, end of mo__do
Price, wholesale, colored, delivered (eastern U. S.)
dol. per Ib
Shortening:
Production]:
thous. of lb_
Stocks end of month
_ do
45, 699
35, 696
75, 380
.149
39, 771
27, 308
89, 258
.150
35. 847
32, 616
87, 429
.150
37, 788
29, 177
95, 766
.148
44, 166
35, 016
103, 080
,143
32, 888
32, 226
99, 184
.140
30, 597
33, 168
93, 066
.138
26, 343
39, 901
77, 364
.137
19, 147
39, 646
57, 279
.137
37, 155
42, 831
52, 087
.136
51, 486
40, 343
60 034
.131
52, 278
40 636
70 576
.132
45, 472
30, 614
81 493
P. 130
29, 227
80, 467
i 483,715
28, 417
78, 863
31, 091
70, 010
27, 104
62, 897
30, 850
57, 983
31, 477
51, 747
32, 208
40, 879
28 706
36, 194
29,956
30, 916
31, 620
13, 990
25 066
13, 871
33 470
98 112
33 530
106 635
313 366
240, 139
231, 439
299, 940
248, 735
249, 682
328, 321
292, 857
285, 901
288, 663
276, 880
271, 887
330, 112
280, 886
255, 936
335, 600
290, 285
299,146
347, 301
333, 009
344, 673
310 913
299, 924
307, 519
327, 856
251, 997
268, 445
340 868
279, 672
308, 269
269 825
281 373
316, 579
352 574
274 815
302 844
351 240
294 040
280, 674
249, 323
125, 027
.170
281, 268
124, 738
.170
261, 537
114, 704
.170
242, 552
116,994
.170
264, 859
142, 617
.170
282, 648
159, 474
.170
245, 125
147, 884
.170
222, 903
119 796
.166
243, 232
120, 324
.155
238, 214
98 526
.155
148, 462
82 047
.155
126 969
65 799
.155
147, 253
88 432
P. 156
128 951
32, 205
134 879
26, 392
150 862
28, 930
135 202
34, 324
124, 382
36, 625
131 531
33, 163
121 338
34, 520
112 912
33, 906
120 884
32, 406
118 020
30, 752
136 552
26, 794
143 623
34, 743
129 009
29, 978
2 574 413
.275
.275
.275
.275
.275
.275
.275
.272
.265
.265
.265
.262
P. 262
168, 555
114, 493
150, 971
120, 337
175, 410
116, 209
167, 332
124, 689
149, 601
134, 781
154, 348
134, 633
158, 197
132, 677
158 180
132, 324
151, 599
122, 856
168 755
115 321
177 044
117, 739
206 994
121 294
176 594
125, 180
145.5
95.2
50.3
156 9
106. 2
50.7
158 6
107 9
50.7
149 3
101 9
47.4
148 3
97 1
51.2
145 4
96 6
48.8
3,752
6,452
775
229
29, 403
48, 359
22, 237
54, 436
27, 914
10, 117
9,966
66, 813
15, 313
3 3, 637
3 6, 874
3 4, 043
3 6, 176
3 3, 497
36,911
(3)
(3)
(3)
3 3, 549
3 8, 734
3 3, 947
3 8 215
3 3, 717
3 10, 035
PAINTS, VARNISH, AND LACQUER§
Factory shipments total
mil. of dol
Trade products
do -_
Industrial
finishes
do
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:
Cellulose acetate and mixed ester plastics:
Sheets, rods, nnd tubes
__
__ thous. of lb._
Molding and extrusion materials
do
Other cellulose plastics
do
Nitrocellulose sheets rods and tubes
do
Phenolic and other tar acid resins
- do
Polystyrene
_
do
Urea and melamine resins
do
Vinyl resins
do
Alkyd resins
do
Rosin modifications
-do
Polyester resins
do
Polyethvlene resins
-do
Miscellaneous
do
3,653
7,624
344
339
37, 769
47, 811
22, 926
71, 535
24, 937
9,097
6,589
62, 936
16, 046
3,885
7,778
259
360
34, 379
45, 903
23, 094
66, 458
24, 059
7,590
6,546
68, 510
14, 741
3,564
6,138
874
348
38, 813
41. 701
25, 630
68, 977
27, 927
10, 340
7,533
69, 522
15, 677
3,283
6,677
671
290
32, 500
42,216
21, 871
58. 327
25, 805
8,643
7,910
61, 801
12,938
3,823
7,653
736
278
33, 260
45, 838
23, 901
62, 698
25, 876
8,506
8,637
72, 121
14, 478
246
30, 249
48, 515
23, 215
56, 785
28, 099
11,056
10, 868
70, 963
15, 834
(3)
(3)
(3)
231
31, 176
47, 513
21, 049
57, 986
29, 677
9,238
10, 743
68, 068
15, 343
205
28, 476
40, 988
17, 940
53, 747
28, 552
8,876
8,962
70, 035
14, 389
229
34, 270
47, 199
25, 128
69 672
28 314
11, 076
7,991
68, 064
15 820
223
39,900
55, 257
28 302
82 133
30, 375
10, 665
8,730
75, 252
15 816
271
46,205
58, 853
30, 095
88 551
32, 540
11, 327
12, 433
79, 309
19, 386
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), totalt
mil. of kw. hr__ 58, 639
Electric utilities total
- do __ 51, 770
40, 856
By fuels
do
10, 914
By waterpower
do
41, 647
Privately and municipally owned utilities.- do
Other producers (publiclv owned)
do _ _ 10, 122
' 6, 869
Industrial establishments, total
__
do
By fuels
- do_ __ ' 6, 619
'250
By waterpower
do
Sales to ultimate customers, total (E El) t_
do. _ _ 46, 042
Commercial and industrial:
7,772
Small light and power
do
Large light and power
do__ _ 23, 367
331
Railways and railroads
do
Residential or domestic
__do_ _ _ 12, 322
741
Rural (distinct rural rates)
-- -do_ _
491
Street and highway lighting
do
982
Other public authorities
- - -- - do
36
Interdepartmental
do
Revenue from sales to ultimate customers (Edison
773, 505
Electric Institute)!
thous of dol
'295
47, 062
62, 216
55, 363
42, 838
12, 525
44, 454
10, 910
6,853
6,544
309
48, 433
56, 219
50, 056
39, 082
10, 974
40, 238
9,817
6,164
5,874
289
46, 987
59, 158
52, 623
39, 917
12, 706
41, 693
10, 930
6,535
6,206
329
46, 703
55, 785
49, 489
36, 491
12, 999
39, 062
10, 427
6,296
5,976
320
45, 263
57, 528
51, 183
37, 574
13, 609
40, 698
10, 485
6,345
6,031
314
44, 707
58, 196
51, 927
40, 343
11, 584
41, 976
9, 951
6,269
5,990
279
45, 746
61, 327
54, 991
43, 383
11, 608
44, 479
10, 512
6,336
6,082
253
46,646
63,280
56, 645
45, 451
11, 194
45,760
10, 885
6,634
6,382
253
48, 919
60, 689
53, 993
43, 258
10, 735
43, 767
10, 226
6,696
6,466
230
49, 215
62, 416
55, 357
44, 543
10, 814
44, 853
10, 504
7,060
6,822
238
r 48, 223 p
7,932
22, 911
362
13, 553
730
516
1,012
46
8, 144
22, 603
376
14, 919
776
529
1,037
49
7,961
21, 649
349
14, 691
762
477
1,054
44
7,831
22, 156
352
14, 026
787
463
1,041
48
7,782
7,699
22, 155
21, 889
305
326
13, 144 . 12,173
798
728
423
398
1,020
1,047
50
35
8, 419
22. 439
291
12, 061
1,021
380
1,077
57
8,915
22, 261
284
12, 416
1,244
389
1,074
63
9,494
23, 375
293
12, 885
1,313
419
1,078
61
9,365
23, 854
289
12, 943
1,170
449
1, 089
56
' 8, 699 P § 350
' 24, 216v 24 000
301
' 12, 462v 12,800
901
493
1,098
53
798, 014
824, 613
811, 224
797, 337
786, 752
805, 925
836, 479
840, 854
60, 988
54, 131
41, 658
12. 473
43, 713
10, 419
r 6, 856
r 6, 561
776, 596
763, 006
60, 875
53 921
43 376
10 545
43, 587
10 334
6,953
6 690
263
47, 900
821, 372
GAS
Manufactured and mixed gas (quarterly) :cf
Customers end of Quarter total
thousands
Residential (incl house-heating)
do
Sales to consumers total
Residential (incl hou^e-heating)
Industrial and commercial
P
'r\
t 1 ('
1 h
h pf
o\
mil of therms
do
do
c\f)
3,165
2,952
211
596
430
158
82 1
63 6
18.0
3,153
2,944
207
958
756
195
123 4
99.7
23.2
3 152
2,940
210
553
396
148
78 6
60 9
17.2
3,052
2,823
199
302
183
111
46 9
34.1
12.4
Industrial and commercial
do
2
3
Revised.
P Preliminary.
* Revised estimate of 1957 crop.
December 1 estimate of 1958 crop.
Effective May 1958, data for "other cellulose plastics" are combined with sheets,
etc . and molding and extrusion materials.
{Revisions will be published later as follows: Linseed oil, production and stocks (January 1957); soybeans, consumption and stocks (March 1957); soybean oil, consumption and refined
stocks (March-May 1956), crude stocks (April 1956 and August-September 1957); margarine, production (1955, 1956, and January-September 1957); shortening, production (March 1956 and
January-August 1957); electric-power production (January-October 1957); electric-power sales and revenue (January-December 1956). Electric-power production revisions for 1956 appear on
p. 20 cf the March 1958 SURVEY.
§ Data are based on a new and improved sample; they relate to specific products instead of the former "customer" classification. Comparable figures for January-March 1958 will be
published later.
c^Totals include data not shown separately. Revisions for 1st and 2d quarters of 1956 and 1957 are available upon request.
T
SURVEY OF CURRENT BUSINESS
January 1959
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of Novem- DecemBUSINESS STATISTICS
ber
ber
S-27
1958
Janu-
ary
Febru-
ary
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
ELECTRIC POWER AND GAS—Continued
GAS— Continued
Natural gas (quarterly) :cT
Customers, end of quarter, total
Residential (incl house-heating)
Industrial and commercial
thousands
do
do
27, 716
25 492
2,193
27, 901
25, 674
2,194
27, 727
25, 563
2,132
27,920
25, 779
2, 107
Sales to consumers, total
Residential (incl house-heating)
Industrial and commercial
mil. of therms
do
do
19, 577
6,560
12, 035
25, 130
11, 832
12, 345
17, 554
5,608
11, 296
14, 396
2,281
11, 346
1 019 7
575.6
417.2
1, 490. 6
970.5
491.2
946 4
528.5
399.1
671 8
282.5
368.6
Revenue from sales to consumers total
Residential (incl house-heating)
Industrial and commercial
mil of dol
do
do
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Beer:
5 247
Production
thous. of bbl
5,723
Taxable withdrawals
do
Stocks, end of month
_
_ _
_do _ _
9,337
Distilled spirits:
Production
.
thous. of tax gal. _ 21, 866
Consumption, apparent, for beverage purposes
22, 052
thous. of wine gal
Tax-paid withdrawals
_ _thous. of tax gal-- 16, 014
Stocks, end of month..
do_ _ 836, 771
3,644
Imports
_
thous. of proof gal
Whisky:
11, 743
Production
thous. of tax g#l
9,170
Tax-paid withdrawals __
do
Stocks, end of month
do
733, 948
3,310
Imports
_ _
thous. of proof gal
Rectified spirits and wines, production, total 9
8,931
thous. of proof gal
Whisky
.
do
7,553
Wines and distilling materials:
Effervescent wines:
178
Production
thous. of wine gal
329
Taxable withdrawals
do
1,722
Stocks, end of month
do
104
Imports
do
Still wines:
12, 774
Production
do
12, 476
Taxable withdrawals
do
203, 882
Stocks, end of month _._
do
813
Imports
do
25, 263
Distilling materials produced at wineries
do
5 952
6,420
8,495
6,774
5,938
8,941
6,273
5,235
9,618
7,277
6,253
10, 233
7,465
6,746
10, 527
8,675
7,963
10, 760
9,568
8,580
11, 223
9,712
8,945
11, 446
7,680
8,184
10, 470
7 227
7, 185
10, 053
6 824
6,893
9,586
5 810
5, 852
9,212
19, 412
19, 732
18, 808
19, 770
18,886
16, 538
12, 208
7,672
9,758
24, 794
39, 878
24, 352
11,042
842, 162
3.129
14, 515
10, 279
849, 714
1,744
14, 632
10, 990
853, 894
1,848
16, 426
12, 523
858, 371
1,963
15, 785
11,590
863, 089
1,987
18, 192
13, 158
862, 770
2,385
16, 935
13, 802
858, 281
1,978
16, 388
11,411
852, 617
2,438
17, 407
13, 056
845, 697
2,052
16, 577
13, 809
845, 026
2,947
21, 515
19, 727
843, 626
11,917
5,787
737, 587
2,770
11, 951
5,520
742, 111
1,570
11,477
6,009
745, 319
1,640
12, 676
6,285
749, 043
1,736
11,710
5,734
751, 881
1,768
10, 337
6,511
752, 486
2,143
7,563
6.955
750, 528
1,736
4,282
5,219
747, 534
2,219
4,033
6,815
742, 319
1,815
9,172
7,062
741, 769
2,587
15, 188
10, 374
742, 531
6,256
5,095
4,915
3,805
5,531
4,586
5,888
4,870
5,632
4,523
6,431
5,094
6,406
5,066
5,922
4,837
5,946
4,533
6,865
5,429
10, 892
9,069
218
308
1,609
141
251
166
1,668
52
272
119
1,814
34
289
138
1,949
45
281
154
2,060
44
208
183
2,069
67
284
199
2,140
53
159
146
2,140
43
259
136
2,243
38
113
212
2,124
58
201
306
1,986
3,727
12, 332
190, 765
908
5,044
2,410
11, 507
181, 670
622
3,192
1,720
10, 792
171, 126
488
1,091
2,059
12, 732
160, 482
591
1,861
1,757
11, 520
148, 906
653
1,074
1,061
11,378
139, 483
777
742
1,414
11, 066
127, 200
589
1,527
1,336
10, 117
115, 921
599
2,154
3,109
11, 037
109, 499
580
13, 298
47, 185
12, 668
145, 116
677
115, 853
78, 613
13, 945
209, 363
105, 716
87, 312
.609
118, 610
86, 114
.604
113, 405
87, 684
.604
129, 495
106, 315
.599
130, 320
115, 548
.588
150, 560
135, 492
.586
144, 730
170, 575
.586
126, 910
190, 439
.586
97, 740
178, 352
.594
86, 740
145, 671
.613
91, 895
119,703
.598
96, 967
63, 202
99, 210
66, 485
95, 610
64, 795
117, 035
79, 950
128, 395
92, 240
154, 745
116, 710
157, 150
118, 445
135, 430
100 715
117, 135
85, 890
103, 785
72 660
101 925
68 425
440, 677
404, 135
4,892
410, 524
376, 618
5,871
380, 531
344, 943
4,562
353, 469
318, 444
3,898
339, 873
307, 487
5,273
328, 349
293, 270
4,220
330, 770
295 554
4,776
353, 801
315 778
4,360
364, 804
319 160
3,281
363, 026
315 275
2,840
350, 449
304 842
4 197
327,843 ••302,999
282 444 r257 405
.392
.396
.395
.395
.394
.380
.384
.388
.389
.389
.390
.391
.390
3, 151
136, 803
3,223
141, 994
4,150
143, 500
2,650
135, 700
4,250
175, 700
6,375
207, 400
6,275
279, 900
5,900
271, 200
5,050
249, 700
4,175
215, 200
4,700
184, 000
4 700
162 500
3 670
132 600
6,469
262, 925
5,834
215, 465
5,384
158, 966
4,287
108, 106
5,501
87, 190
6,690
107, 167
7,009
187, 764
8,147
269, 570
7,622
330, 803
5,894
373, 615
7,373
387, 873
5 956
353, 048
5 604
274 851
1,513
10, 854
1,568
12, 038
2,183
9,547
2,781
6,881
1,752
7.322
1,710
6,353
5,435
9,781
2,633
11, 928
3,017
9,730
2, 486
3,338
3,112
4,358
2 922
8,568
3 962
29 793
154, 877
DAIRY PRODUCTS
Butter, creamery:
Production (factory) J
thous. of lb__ 94, 115
109, 373
Stocks, cold storage, end of month__
do
.607
Price, wholesale, 92-score (New York)___dol. per lb_.
Cheese:
88, 271
Production (factory), total!
thous. of Ib
58, 861
American, whole milkj
do
Stocks, cold storage, end of month, total
.-do
American, whole milk
do
Imports
do
Price, wholesale, American, single daisies (Chicago)
dol. per lb-_
Condensed and evaporated milk:
Production, case goods:!
Condensed (sweetened)
___thous. of lb_
Evaporated (unsweetened) _
___ _
do
Stocks, manufacturers', case goods, end of month:
Condensed (sweetened)
thous. of Ib
Evaporated (unsweetened)
_
do. _
Exports:
Condensed (sweetened)
do
Evaporated (unsweetened)
do
Price, manufacturers' average selling:
Evaporated (unsweetened)
dol. per case. _
Fluid milk:
Production!
mil. of lb__
Utilization in manfactured dairy products! do
Price, wholesale, U. S. average
dol. per 100 lb_.
Dry milk:
Production:!
Dry whole milk
thous. of Ib
Nonfat dry milk solids (human food)
do
Stocks, manufacturers', end of month:
Dry whole milk. _
do
Nonfat dry milk solids (human food)!
do
Exports:
Dry whole milk _
__
do
Nonfat dry milk solids (human food)
do
Price, manufacturers' average selling, nonfat dry
milk solids (human food)
dol. per lb._
r
90, 610
93 337
.596
68 776
.613
93 420
60 250
6.08
6.14
6.15
6.15
6.15
6.12
6.10
6.11
6.11
6.15
6.15
6.14
6 14
8,771
3,147
4.65
9,346
3,497
4.51
9,800
3,771
4.42
9,482
3,565
4.33
10, 944
4,217
4.16
11,413
4,462
3.88
12, 889
5,308
3.74
12, 378
5, 163
3.68
11, 469
4,533
3.87
10, 593
3,489
4.06
9,471
3,255
4.32
9,388
3,293
4.46
8,856
3 102
4.50
7,506
99, 229
8, 995
121,817
7,650
139, 100
6,300
131, 550
6,900
160, 300
7,600
171, 700
9,000
209, 600
8,600
203, 000
7 650
153, 200
6 750
112, 000
7,050
91, 450
7 100
98, 800
5 400
98 050
11,013
83, 253
8,964
85, 688
9,423
87, 334
7,281
82, 238
7,503
89, 345
8,178
85, 002
8,995
120, 320
10, 067
144, 860
10, 143
134, 866
9,205
113, 993
9,462
95, 528
9,133
82, 255
7 208
79 972
3,722
28, 929
5,350
11, 203
3,000
13, 052
3,610
7,756
1,823
10, 117
2,133
33, 009
3,250
6,723
2,348
31, 053
1 754
15 912
1 888
22 450
9 024
7,551
2 340
10 698
3 798
10 822
289, 278
245 549
.384
9,380
P4.41
.153
.154
.154
.154
.137
.152
.141
.136
.136
.137
.137
.136
.137
Revised.
*> Preliminary.
cfTotals include data not shown separately. Revisions for 1st and 2d quarters of 1956 and 1957 are available upon request.
9 Data beginning July 1957 exclude production of wines and vermouth; for July 1956-June 1957, such production totaled 146,000 gal.
tRevisions for the indicated items and for the periods specified are available upon request as follows: Butter, cheese (total and American), dry whole milk, and nonfat dry milk solids
(production)—January 1955-August 1957; condensed milk and evaporated milk and fluid milk used in dairy products—January 1956-August 1957; fluid milk (production)—January 1956August 1957; nonfat dry milk solids (stocks)—January 1954-December 1956.
r
SURVEY OF CURRENT BUSINESS
S-28
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of Novem- DecemBUSINESS STATISTICS
ber
ber
January 1959
1958
January
February
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
FOODSTUFFS AND TOBACCO—Continued
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
thous of bu
Shipments, carlot
no. of carloads
Stocks, cold storage, end of month
thous. of bu__
2
118,548
3,212
37, 368
3,199
25, 310
3,102
18, 229
3,464
9,412
2,115
4,195
1,340
1,188
8,573
7,059
6,043
6,323
6,114
494, 275
288, 625
881,717
443, 980
362, 743
780, 616
402, 077
413, 994
698, 325
361, 732
439, 761
621, 568
239, 539
13,612
16, 743
16, 711
3.288
3.800
60, 335
64, 199
12, 357
437, 170
13, 947
2,768
45, 621
6,505
Citrus fruits, carlot shipments __
no. of carloads
Frozen fruits, juices, and vegetables:
Stocks, cold storage, end of month:
522, 747
Fruits
thous. of Ib
Fruit juices and purees
_ __
do. __ 274, 368
Vegetables
do
957, 089
Potatoes, white:
Production (crop estimate)
thous of cwt
13, 270
Shipments, carlot
no of carloads
Price, wholesale, U. S. No. 1 (New York)
3.350
dol. per 1001b__
' 2, 365 r I , 737
54, 123 ' 47, 409
832
124,717
2,477
37, 485
171
364
33
140
175
16, 401
7,500
5,388
4,792
3,833
2,708
'2,249
297, 391
490, 771
576, 539
316, 493
513, 471
535, 770
425, 922
464, 068
550, 078
502, 334
412, 398
650, 924
536, 253
356, 516
793, 100
539, 084
292, 215
860, 752
530, 821
245, 039
904, 594
20, 306
15, 320
17, 475
16, 909
11, 020
6,720
9,094
3.808
5.300
5.675
4.675
4.783
3.315
3.213
3.125
64, 831
52, 391
48, 840
65, 912
55, 585
64,054
59, 175
68, 300
60,100
63,683
61,668
14, 995
11, 860
9,604
7,676
9,694
13, 532
10, 637
31, 833
19, 825
17, 430
10, 746
2 470 449
13,606
46, 918
440
r
10 106
r
4,012
8,876
511, 597
206, 758
899, 570
493, 156
223, 768
846, 902
r
9 776
2 263 782
11 780
' 2. 863 p 3. 226
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats, rye, wheat)
Barley:
Production (crop estimate)
Receipts, 4 principal markets J
Stocks, domestic, end of month:
Commercial
On farms
Exports, including malt§
Prices, wholesale (Minneapolis) :
No. 2, malting
No. 3, straight .
„
thous. of bu
do
do
do
do
do
dol. per bu__
do
37, 306
209, 236
10,366
31, 766
29,080
15, 921
45, 220
47, 924
11,910
10, 382
14, 423
13, 684
44, 270
309, 666
10, 678
48 520
7,179
31, 040
3 62, 462
9,601
41, 601
9,011
25, 073
149, 199
8,153
20,068
6,600
9,622
7, 135
1.248
1.174
1.224
1.142
1.230
1.172
1.250
1.185
1.259
1.187
1.289
1.216
1.311
1.218
1.310
1.215
1.328
1.229
1.204
1.146
1.182
1.137
1.182
1.145
1.172
1. 132
1.190
1.163
11, 336
29,586
11,638
37, 744
12, 064
43, 900
12, 139
26, 039
12, 053
24, 303
11, 732
22, 440
12, 088
23, 259
12, 333
27, 006
13, 802
33, 229
11, 531
47,306
23,800
11, 539
29,600
110, 864
111,375
1, 672. 7
7,963
112, 538
110, 526
90, 926
109, 234
99, 026
11,185
13, 207
13, 389
88, 563
3 341. 3
17, 052
90, 153
15, 414
107, 833
1, 025. 9
10, 753
99,309
16,045
15, 698
20, 564
1.128
1.067
1.165
1.081
1.288
1.201
1.311
1.258
1.350
1.284
1.344
1.273
1.340
1.255
1.266
1.115
1.149
1.068
1.117
1.074
1. 167
1.096
5,418
4,111
6,758
5,174
4,125
6,533
14, 915
32, 517
12, 292
5,162
37672
2 1 422
7,381
12, 971
12,600
10, 846
542, 592
8,698
5,804
31, 455
28,297
25, 672
.662
2,597
.685
4,131
.633
3,313
.664
2,120
.642
38, 519
1,199,364
866
.621
38, 943
i,9H
.654
8,452
3 275, 124
2,688
.641
13, 113
1,570
.647
1,830
.612
2, 100
(4)
.698
46, 960
27, 681
65, 842
43, 117
65, 374
38,961
34,390
31, 809
55, 794
35, 958
51, 975
38, 140
86, 628
52, 702
115, 583
79,224
169, 218
112, 412
125, 914 ••168,809
105, 497 ' 57, 019
92, 469
45, 755
92,062
54,010
58, 179
58, 335
59, 873
49, 433
47, 331
43, 026
47, 735
46, 736
47,663
73, 452
78, 735
74, 871
98, 760
104, 282
74, 187
137, 416
75, 812
143, 910
92, 428
137, 968
31, 464
110, 265
12, 323
86, 687
19, 067
104, 771
30, 965
127, 503
143, 466
78,804
641, 449 1,075,108
120, 794 163, 518
312, 735
120, 766
999.6
86, 378
.096
913.0
53, 896
.096
820.2
110, 835
.098
676.3
150, 219
.098
561.7
116, 030
.103
507.7
41, 678
.101
504.4
96, 815
.101
370.5
181, 617
.102
321.0
112, 349
.101
535.1
133, 979
.091
1, 115. 2
135, 699
••.093
1, 172. 1
69, 316
v. 092
215
257
2,938
1.323
2, 336
1.335
206
1,047
1,816
1.386
5,516
3,969
1.228
2,202
5,717
1.215
2,982
6,596
1.158
1,095
6,284
1.253
843
6,277
1. 262
408
6, 495
1.231
39,203
Corn:
»• 1 3, 422
Production (crop estimate)
mil. of bu
11,822
10,511
11, 682
Grindings, wet process.. _
__ __ thous. of bu.
53, 974
46, 017
Receipts, interior primary markets
_ _ _ d o __ 39,700
Stocks, domestic, end of month:
105, 664 107, 362 112,728
Commercial
do
2, 457. 5
On farms
mil ofbu
20, 108
20,530
22, 360
Exports, including meal and flour thous ofbu
Prices, wholesale:
1.148
1.108
1.157
No. 3, yellow (Chicago)
_ dol. per bu_
1.032
1.005
1.103
Weighted average, 5 markets, all grades
do
Oats:
Production (crop estimate)
mil of bu
Receipts, interior primary markets
thous. of bu_Stocks, domestic, end of month:
Commercial
do
On farms
do
Exports, including oatmeal
do
Price, wholesale, No. 3, white (Chicago). .dol. per bu._
5,090
Wheat:
Production (crop estimate) total
Spring wheat
Winter wheat
Receipts, interior primary markets
Disappearance (Quarterly total)
Stocks, end of month:
Canada (Canadian wheat)
mil of bu
do
do
thous. of bu_.
do
do
United States domestic totaled
mil of bu
Commercial^
thous of bu
Interior and merchant mills, elevators, and
warehouses
thous of bu
On farms
do
Exports total including
Wheat only
flour
_
do
do _
15, 135
853, 776
3,031
.646
18, 046
2,802
.750
Rice:
Production (crop estimate)
thous of bags 9
California:
Receipts, domestic, rough
thous. of lb._ 60,968
33, 836
Shipments from mills, milled rice
do
Stocks, rough and cleaned (cleaned basis), end
55, 802
of month
thous. of Ib
Southern States (Ark., La., Tenn., Tex.):
399, 837
Receipts rough at mills
do
141, 132
Shipments from mills, milled rice
do
Stocks, domestic, rough and cleaned (cleaned
1, 064. 4
basis) end of month
mil o f l b
Exports
thous. of lb_. 97, 996
.095
Price wholesale head clean (N O )
dol per Ib
Rve:
Production (crop estimate)
thous of bu
Receipts, interior primary markets
do
Stocks, commercial, domestic, end of month.. .do
Price, wholesale, No. 2 (Minneapolis). ..dol. per b u _ _
' i 1,301
6,196
r
r
635
5,378
1.330
559
2 47, 015
1 42, 935
i 27, 243
544
4,488
1.334
••1950 7
239 9
710. 8
26,913
20, 595
222 129
3,512
1.284
336
1,866
1.354
28,329
r
1
rl
367, 214
377, 420
398, 347
1 384 8
360, 662
29, 774
24, 097
27, 861
23,490
2 1 462 2
3282.3
2
1,179. 9
28,747
29, 394
28,823
28,937
26, 612
265, 269
24, 153
20,509
33,261
245, 053
95, 634
83,264
56, 821
206, 147
36, 172
380, 072
373, 483
361, 862
355, 159
847, 510
370, 607
394,941
388,003
381, 512
373, 708
371, 059
356, 640
1, 122. 3
335, 916
346, 820
3880.5
338, 279 3 304, 782
447, 554
2,126 0
i§l, 062 472, 590
475, 989
456, 812
362, 829
3447,128
3 50, 291
535, 579
176,246
659, 996
291, 629
33, 516
27,813
27, 184
22,479
32, 164
26, 823
34,962
28, 620
29,887
24,799
40, 741
34, 963
37, 331
33, 345
30,543
26, 387
379, 269
|
I
934, 947
634, 754
25, 771
20,944
2 32, 485
420
4,973
1.230
36, 237
29, 587
31, 159
36,927
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
2.432
2.172
2.473
2.433
2.375
2.365
2.417
2.383
2.439
2.235
2.390
2.266
2.218
dol. per bu_.
2.2SO
2.262
1.902
1.835
2.271
2.211
1.846
2.273
2.182
1.984
1.974
2.200
1.999
1.951
2.201
No. 2, hard winter (Kansas City)
do
2.282
1.785
1.786
2.258
2.278
1.948
1.923
1.819
1.930
No 2 red winter (St Louis)
do _
(4)
(4)
(4)
(4)
(4)
2.351
2.383
2.326
2.285
2.304
2.271
2.356
2.063
1.960
2.
220
2.213
2.174
2.301
2.208
Weighted ave.. 6 markets, all grades
do
2
«• Revised.
*> Preliminary.
1 Revised estimate of 1957 crop.
December 1 estimate of 1958 crop.
8
4
Old crop only; new grain not reported until beginning of new crop year (July for barley, oats, and wheat,- October for corn).
No quotation.
^Revised beginning January 1954 to reflect data compiled from reports based on 5-day weeks (prior thereto, based on 6-day weeks). Revisions for January 1954 through July 1956 are shown
in the October 1957 SURVEY.
§ Excludes a small amount of pearl barley.
9 Bags of 100 Ib.
cf The total includes wheat owned by Commodity Credit Corporation and stored off farms in its own steel and wooden bins; such data are not included in the breakdown of stocks.
KData for March, June, September, and December are not strictly comparable with those for other months, largely because of somewhat smaller coverage of the quarterly reports.
January 1950
SUKVEY OF CUKRENT BUSINESS
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of Novem- DecemBUSINESS STATISTICS
ber
ber
S-29
1958
January
February
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
FOODSTUFFS AND 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 fceld by mills, end of quarter
thous. of sacks (100 Ib.)
Exports
do
Prices, wholesale:
Spring, short patents (Minneapolis)
dol. per sack (100 Ib.)
Winter, hard, short patents (Kansas City) do
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected) :
Halves
thous. of animals
Cattle
do
Receipts, principal markets
_
do _
Shipments, feeder, to 9 corn-belt States.
..do
Prices, wholesale:
Beef steers (Chicago)
dol. per 100 Ib
Steers, stocker and feeder (Kansas City)
do
Calves, vealers (Chicago)
do
Hogs:
Slaughter (federally inspected)
thous. of animalsReceipts, 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_ __
MEATS
Total meats:
Production (carcass weight, leaf lard out), inspected
slaughter
mil of Ib
Stocks (excluding lard), cold storage, end of month
mil. oflbExports (including lard)
do
Imports (excluding lard)
_ _ _ _ _
do
Beef and veal:
Production, inspected slaughter.
do _.
Stocks, cold storage, end of month
thous. of lb__
Exports.
_
-_ _- __do
Imports
_ __ _
do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs.) (New York)
dol. perlb__
Lamb and mutton:
Production, inspected slaughter
thous. of lb__
Stocks, cold storage, end of month.. ___ _ _ do _
Pork (including lard), production, inspected slaughter
mil. of lb__
Pork (excluding lard) :
Production, inspected slaughter:
thous. ef lb_.
Stocks, cold storage, end of month.. _ _ __ _.do
Exports
.. _
do _
Imports
do
Prices, wholesale:
Hams, smoked, composite _ __
dol. per lb__
Fresh loins, 8-12 Ib. average (New York)
do
Lard:
Production, inspected slaughter
thous. of lb._
Stocks, dry and cold storage, end of month
do
E xports
do
Price, wholesale, refined (Chicago)
dol. per lb_ _
19,565
90.5
382
45, 016
19, 751
86.9
385
45, 394
21, 715
91.2
421
49, 882
19,254
88.9
372
44, 180
20,465
89 1
395
46,739
19, 394
80 6
373
44,464
19, 321
84 1
371
44, 278
19, 205
83 4
370
44, 046
20,429
84.7
392
46,862
20,220
87 7
382
46, 266
21,504
93 2
402
48, 875
23,385
92 5
435
53 084
45 825
2,437
4,905
1,876
2,448
2,020
4,976
2,293
2 722
2 184
4,291
2,480
2,071
1 711
4,374
1 784
2 854
2 245
6.215
5.635
6.160
5.780
6.100
5.675
6.090
5.750
5.980
5.610
5.990
5.750
5.975
5.550
6.270
5.350
6.030
5.125
5.695
5 050
5.870
5 230
"•5.830
5 465
P 5. 760
p 5 400
598
1,515
2,158
973
569
1,473
1,953
608
547
1,630
1,894
341
468
1,309
1,542
256
518
1,360
1,818
285
486
1 383
1,729
302
438
1 468
1,697
277
430
1 506
1,846
267
1,561
1,820
1,479
1,783
424
541
1,642
2,648
1,273
1,302
1,907
1,437
364
472
1,562
2,438
815
25.06
21.41
27.50
25.74
22.68
29.00
26.31
23.02
30.00
26.65
24.35
32.50
28.28
25.79
31.50
28 59
26.83
34 00
28 27
27.16
33.50
27 67
25.38
31.00
26.75
25.43
31.00
25.91
24.46
31.50
26 65
25.47
32.00
26.70
25.80
32.00
26 79
26.46
'33 50
27 01
25.81
5,505
2,780
5,523
2,974
5,531
2,868
4,453
2,244
4,818
2,499
4,963
2,580
4,444
2,304
4,209
2,226
4,326
2,196
4,515
2 295
5,219
2,623
5,911
2,891
5,258
2, 509
5,814
16.79
17.95
18.71
19.77
20.81
20.26
21.58
21.82
21.88
20.87
20.04
18.76
18.06
17.42
16.9
18.1
19.9
20.6
20.3
18.0
18.9
18.2
18.1
17.9
17.7
17.8
19.0
17.1
958
930
248
978
912
190
1,061
908
144
940
795
121
1,000
908
117
1,149
988
106
1,122
1,026
144
1,042
1,013
864
950
1,035
1,045
1,355
565
883
817
1,061
356
1,131
1,270
22.00
21.06
22.62
21.30
23.50
22.53
23.00
23.33
22.12
22.99
21.00
22.22
22.25
0)
24.75
(')
24.50
22.92
24.00
22.23
22.00
22.78
22.25
23.03
21 88
22.56
19 75
20.88
1,920
1,932
2,051
1,622
1,720
1,804
1,776
1,756
1,799
1 742
1 915
2,123
1 832
370
63
37
403
57
59
429
50
49
425
53
55
418
54
53
453
35
64
422
55
73
396
47
360
54
92
333
46
r
86
317
47
896.1
142, 236
2,483
20,489
884.7
146, 840
4,698
40, 708
998.1
146, 743
2,252
28,459
789.7
125, 940
2,162
37, 709
809.5
118, 766
1,973
30, 271
839.0
111, 937
1,173
39, 218
885.5
107, 468
2,562
39, 535
901.9
115, 947
1,406
41, 543
947.0
119, 301
1,242
50, 397
898.4
125, 234
1 680
44 097
949.5
132, 938
2,514
46, 679
828
138
74
435
249
265
83
20, 191
96 7
375
441
897
636
222
'416
67
469
1, 016. 5
816 4
149, 210 ••171,633
3,027
2,160
192, 213
452
462
346
65
.436
.447
.461
.469
.490
.482
.478
.477
.468
.451
.456
.455
44, 053
5,309
46, 843
5,206
52, 305
4,756
47, 381
4,381
50, 225
4,861
57, 821
6,674
54, 820
10, 431
47, 330
11, 995
45, 517
10, 411
42, 973
10 969
47, 692
9 927
51, 785
9,913
41, 780
r
9 280
979.8
1,000.8
1, 000. 2
784.9
859.9
907.7
835.5
807.0
806.4
800.6
917.4
1, 054. 4
973 7
730, 191
163, 656
5,379
12, 402
742, 467
193, 981
5,938
11, 844
736, 659
218, 449
4,180
14, 437
584, 204
227, 912
5,141
12, 535
648, 238
224, 322
4,092
14, 650
680, 920
260, 147
3,664
15,227
619, 424
242, 839
4,235
15, 472
604, 733
209, 936
5,506
14, 443
603, 764
173, 147
4 541
16 860
610, 151
149 128
3 506
15 335
698, 914
127, 088
3 627
13 837
793, 024
134, 361
5 134
.490
.473
.580
.469
.560
.496
.581
.507
.590
.524
.565
.519
.558
.556
.573
.572
.577
.552
.570
.504
.536
.548
.521
.521
». 544
.497
182, 592
78, 918
36, 566
.150
189, 287
101, 205
33, 321
!l48
193, 392
101, 087
32, 905
.145
146, 496
91, 338
35, 762
.145
154, 501
85, 211
36,299
.158
165, 208
86,580
21, 608
.153
158, 190
86, 673
36, 986
.154
147, 797
66, 474
31, 376
.155
147, 505
55, 124
34 285
139 355
49, 827
26 778
'l70
159, 979
45, 774
25 177
.155
190 814
54, 166
39T 322
158
177 557
67, 938
40 352
v 146
155
474
r
9,327
730, 133
184, 438 206 286
5 789
.478
POULTRY AND EGGS
Poultry:
585
Slaughter (commercial production)*
mil. of lb..
Stocks, cold storage (frozen), end of month
thous. of lb__ 362, 059
219, 576
Turkeys
do
Price, in Georgia producing area, live broilers*
dol. perlb..
.160
Eggs:
12.8
Production on farms
. mil of cases 9
Stocks cold storage, end of month:
302
Shell
thous. of cases
99,230
Frozen
thous of Ib
Price, wholesale, extras, large (Chicago)
.496
dol. per doz.-
481
360
304
330
371
409
433
476
547
602
689
604
316, 455
176, 748
301, 982
179, 390
255, 948
154, 429
214, 135
130, 932
177, 125
104, 667
145, 553
84, 243
139, 981
80, 314
147, 113
79 192
190, 202
103 562
278, 649
160 808
408, 089
254 849
377, 235
207 845
.160
.195
.195
.210
.180
.190
.200
.185
.170
.160
.145
.150
.140
14.0
14.6
13.2
15.2
15.3
15 4
14 0
13 5
13 0
12 5
13 4
13 6
14 6
209
74, 505
171
63, 766
105
59, 778
79
52, 688
322
68,274
705
100 624
852
727
139 779
494
290
207
134 218
133 777
116 645
93 687
.437
.355
.382
.434
.380
.360
.352
2.372
2.391
2.463
2.423
105,970
99, 923
97, 278
89, 372
88,618
74, 415
69,653
66, 167
74,947
128, 124
129,840
r 140
r 73 403
2
.406
346, 492
161 976
56
57 348
2.365
MISCELLANEOUS FOOD PRODUCTS
Confectionery, manufacturers' sales
thous. of dol— 117, 193
Cocoa (cacao) beans:
Imports (incl. shells)
.
long tons.. 10,272
.428
Price, wholesale, Accra (New York)
dol. per Ib—
32, 949
22,109
23,411
22, 715
14, 913
14,823
17, 525
5,931
13, 226
.399
.443
.415
!437
.489
.429
.460
.483
.463
r
Revised.
* Preliminary.
1 No quotation.
2 Prices paid delivered; not strictly comparable with prices through June 1958, which are f. o. b.
of Agriculture)', comparable data are available back to 1934.
9 Cases of 30 dozen.
118, 554
6,325
.374
.427
P. 438
*New series (from U. S. Department
January 1959
SURVEY OF CUEEENT BUSINESS
S-30
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of Novem- DecemBUSINESS STATISTICS
ber
ber
1958
January
February
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS— Con.
Coffee (green):*
Inventories (roasters', importers', dealers'), end of
quarter
thous. of bagscf
Roastings (green weight) Quarterly total
do
Imports
do
From Brazil
do
Price, wholesale, Santos, No. 4 (New York)
dol. per lb_Fish:
Stocks, cold storage, end of month
thous. of lb__
Sugar:
Cuban stocks, raw, end of month
thous. of Spanish tons
United States:
Deliveries and supply (raw basis):
Production and receipts:
Production
_ -short tons
Entries from off-shore, total
do
Hawaii and Puerto Rico
_- -- -do
Deliveries total
do
For domestic consumption _
do For export
do
Stocks, raw and refined, end of month
thous. of short tons
Exports
__
_
_ short tons
Imports:
Raw sugar, total 9
do
From Cuba
do
From Philippine Islands
do
Refined sugar, total
_ _- _ do _
From Cuba
do
Prices (New York):
Raw, wholesale
_ dol. per Ib
Refined:
Retail§
- dol. per 5 Ib
Wholesale (excl. excise tax)
dol. per lb__
Tea imports
thous of Ib
1,446
1,247
869
2,349
4,954
1,307
652
.513
.485
.470
.460
101, 999
113, 827
134, 576
167, 720
187, 678
3,029
3,804
3,840
3,239
2,590
2,190
58, 959
478, 438
52, 739
28, 552
562, 195
62, 392
41, 680
578, 036
106, 732
73, 245
489, 760
103, 300
53, 686
614, 860
113, 400
31, 836
631, 860
196, 965
581, 287
571, 700
9,587
625, 207
619, 226
5,981
693 569
685, 783
7,786
711, 181
703, 039
8, 142
746, 725
740, 595
6,130
814, 694
808, 697
5,997
1,880
1,952
1,880
1,748
1,629
370
872
1,503
276
259
175, 430
103, 748
27, 465
5,320
2,830
365, 676
301, 479
40 422
45, 482
37, 556
349, 316
279, 172
50, 400
57, 621
44, 942
456,834
308,068
137,872
45, 200
38, 870
412, 238
288, 253
116, 057
50, 508
40, 214
.061
.061
.062
.062
.059
.537
.084
6,393
.538
.084
8,689
.539
.084
8 509
.538
.084
6,909
.539
.084
9 881
2,127
902
2,959
5,498
2,333
979
1,826
1,474
608
.553
.553
.553
205, 186
191, 008
••872
1,927
2,019
409
2,307
5 513
1,493
353
.540
.550
.538
156, 695
121, 201
110, 574
663
636
1,704
726, 744
411,510
147, 394
617, 197
114, 576
72, 428
226, 381
491, 963
20, 627
627, 447
623, 570
3,877
786, 372
782, 586
3,786
1,757
403
201, 698
179, 885
o
5,871
1,262
TOBACCO
Leaf:
Production (crop estimate)
mil. of Ib
Stocks, dealers' and manufacturers', end of quarter,
total
mil of Ib
Domestic:
Cigar leaf
do
Air-cured, fire-cured, flue-cured, and miscellaneous domestic
mil. of Ib
Foreign grown:
Cigar leaf
do
Cigarette tobacco
do
Exports, including scrap and stems, --thous. of lb._ 47, 625
9,454
Imports, including scrap and stems
do
Manufactured products:
13, 951
Production, manufactured tobacco, total
do _
5,492
Chewing, plug, and twist
do
5,665
Smoking
_
_ _
do _.
2,794
Snuff
do
Consumption (withdrawals):
Cigarettes (small):
2,575
Tax-free
- _ millions
Tax-paid.
_
do _ _ _ 31, 545
574, 369
Cigars (large), tax-paid
_ thousands
Manufactured tobacco and snuff, tax-paid
thous. of lb_
13, 725
Exports, cigarettes.
__ millions1,568
Price, cigarettes (regular), manufacturer to wholesaler and jobber, f. o. b. destination
4.281
dol. per thous__
523
1
437
619
375
1,826
4,900
1,478
585
474
.441
.445
199, 656 '210,531
217, 327
1,740
1,257
873
15, 392
835, 632
242, 597
104, 141
593, 578
229, 523
402, 904
135, 314
900, 621
888,147
12, 474
915, 902
904, 092
11,810
876, 505
868, 846
7,659
1,326
2,031
1,100
698
830
328
691
362
359, 653
232, 638
121, 136
45, 737
36, 483
425, 692
329, 818
95, 874
50, 753
41, 948
443, 149
312, 146
123, 796
35, 932
29, 605
326, 335
220, 034
104, 160
44, 836
39, 796
349, 935
270, 048
53, 200
38, 805
29, 135
.062
.063
.063
.063
.062
.539
.084
9 687
.540
.084
9,954
.550
.086
6,143
.550
.086
8,229
.552
.086
8,784
.450
623
4,121
.064
.065
". 064
.552
.086
7,278
.553
.086
.552
v. 086
2
1, 661
5,149
278
336
316
282
4,423
4,030
4,188
27
228
1, 758
4,707
4,609
5 014
4,631
25
215
.422
26
237
27
210
42, 718
9,219
23, 879
11, 808
23, 096
10, 620
35, 552
10, 313
22, 789
8,894
24, 055
13, 305
32, 247
10, 298
34,903
14, 821
39,831
12, 827
58, 767
12, 326
83,620
54, 713
12, 386
4,943
4,595
2,848
15, 203
6,074
6,027
3,102
13, 640
5,198
5,594
2,848
14, 638
5,349
6,590
2,699
15, 487
5,792
6,863
2,831
16, 086
6,133
6,909
3,043
15, 351
6,071
6,368
2,913
13, 681
5,702
5,813
2,165
15, 242
5,689
6,477
3,076
16, 111
6,095
6,894
3,122
17, 724
6,495
7,748
3,481
13, 207
5,395
5,481
2,580
3,092
26, 406
383, 665
3,014
35, 842
444, 127
2,522
31, 369
394, 236
2,624
32, 968
439, 638
2,604
35, 669
490, 051
2,765
37, 645
542, 127
2,679
38,642
502, 876
2,840
36, 820
511, 637
2,964
39, 644
535, 995
2,995
38, 076
546, 698
3,291
40, 895
591, 711
2,657
34, 820
618, 107
12, 228
1,720
14, 961
1,342
13, 161
1,255
14, 366
1,388
15, 208
1,414
15, 654
1,728
14,889
1,577
13, 694
1,402
15, 264
1,788
15, 670
1,532
17, 240
1,813
13, 207
1,525
4.281
4.281
4.281
4.281
4.281
4.281
4.281
4.281
4.281
4.281
4.281
v 4. 281
3 867
3 649
200
379
201
351
5 231
5 080
*224
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 (Chicago):
Calfskins, packer, heavy, 9^/15 Ib
dol. per lb_.
Hides, steer, heavy, native, over 53 lb__
do
LEATHER
Production:
Calf and whole kip
thous. of skins._
Cattle hide and side kip
thous. of hides and kips..
Goat and kid
thous. of skins
Sheep and lamb
do
Exports:
Glove and garment leather*
thous. of sq. ft
Upper and lining leather
do .
Prices, wholesale:
Sole, bends, light, f.o.b. tannery
dol. per lb__
Upper, chrome calf, B and C grades, f.o.b. tannery
dol. per sq. ft_.
3
6,927
341
686
5,222
292
480
4,990
241
492
4,876
418
427
5 934
317
584
4,688
340
435
5,705
303
612
3,895
217
386
3,871
3,101
1,074
1,371
3,721
2,140
3,630
1,182
1,838
3,410
1,328
1,503
4,204
1,793
1,853
6,403
5,474
1,959
4,638
2,182
1,996
5,016
2,510
1,437
5,188
2,877
1,391
4,713
2,515
1,172
3,486
1.749
1,318
.438
.103
.425
.093
.425
.095
.415
.093
.425
.093
.425
.108
.500
.113
,500
.118
.500
.123
.500
.133
.500
.118
.525
.128
786
2,059
1,609
1,954
785
1,953
1,668
1,757
786
2,109
1,931
1,922
748
1,936
1,647
1,981
717
1,863
1,712
1,961
624
1,877
1,742
1,970
645
1,942
1,704
2,206
687
1,892
1,682
2,114
542
1,652
1,808
1,908
646
1,979
1,114
2,377
••600
2,020
1 499
2,243
699
2,321
1 823
2 472
1,147
2, 802
3 2, 998
676
887
3,337
1,188
2,736
1,185
3,336
1,476
3,497
1,965
4,060
1,425
3,366
1,010
2,395
986
4 578
1,335
3 569
1,823
3 952
1,532
3 982
P. 640
724
241
514
.630
.620
.620
.625
.625
.625
.630
.630
.630
.630
.635
.635
1.158
1.145
1.145
1.145
1.168
1.165
1.162
1.188
1.188
1.188
1.192
' 1. 198
451
P. 550
*>.133
P 1.217
3 Upper leather only. In 1957 exports of lining leather (included beginning 1958)
2
••Revised.
v Preliminary.
1 Revised estimate of 1957 crop.
December 1 estimate of 1958 crop,
averaged 204 thous. sq. ft. per month.
*New series (except for coffee price). Data prior to August 1957 are available from reports of the Bureau of the Census.
§Price for New York and Northeastern New Jersey.
222
382
cfBags of 132.276 Ib.
9 Includes data not shown separately..
SUEVEY OF CUKKENT BUSINESS
January 1959
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
S-31
1958
1957
Novem- December
ber
January
February
March
April
May
June
July
DecemOctober NovemAugust September
ber
ber
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers:?
Production, total
thous. of pairs .
Shoes, sandals, and play shoes, except athletic,
total
thous of pairs
By kinds:
Men's
do
Youths' and boys'
_ _ __
do
Women's
do
Misses' and children's
- do
Infants' and babies'
do
Slippers for housewear
- do
Athletic
do
Other footwear
do
Exports
do
Prices, wholesale, f. o. b. factory
Men's and boys' oxfords, dress, cattle hide upper,
Goodyear welt
1947-49 = 100-Women's oxfords, elk side upper, Goodyear welt
1947-49 = 100..
Women's pumps, low-medium quality.do
44, 106
44, 286
53, 035
48, 910
51, 955
46, 414
43, 774
45, 212
46, 066
50, 388
50, 131
53, 270
45,015
35, 884
39, 769
49, 131
44, 678
46, 524
40, 825
37,316
38, 443
39, 860
42, 411
41, 594
43, 615
37, 153
7,847
1, 675
17, 542
5, 926
2, 894
8,472
1,880
20, 111
6,291
3, 015
9,335
2,090
26, 632
7,520
3,554
8,310
2,073
24, 594
6,479
3,222
8,729
2, 155
25, 776
6,457
3,407
8,247
1,753
22, 769
5, 001
3,055
7,647
1,805
20, 022
4,945
2,897
7,895
1,813
21, 266
4,879
2,590
7,284
1,994
22, 482
5,596
2,504
8,144
2.111
23, 702
5,768
2,686
8,733
2,198
22, 012
5,835
2,816
9,157
2,023
22, 759
6,484
3 192
8,220
1,703
18, 846
5,500
2,884
7,426
3,759
3,090
3,543
4,578
4,673
5.614
6,031
5,574
7,110
7,619
8,593
6,898
507
289
312
124.4
118.9
464
294
348
466
248
352
337
310
426
427
417
415
501
356
433
411
275
455
283
221
331
301
202
419
448
303
462
456
319
571
491
436
443
521
244
124.4
124.4
124.4
124.4
124.4
124.4
124.4
124.4
124.4
124.4
124 4
P 124 4
118.9
131.2
119.5
133.9
119.5
133.9
119.5
133.9
118.7
133. 9
118.7
133.9
118.7
133.9
118.7
133.9
118.7
133.9
118.7
135 1
119.5
•p 135 1
p 119. 5
2 691
LUMBER AND MANUFACTURES
LUMBER-ALL TYPESJ
National Lumber Manufacturers Association:
Production total
mil bd ft
Hardwoods
do
Softwoods
do .
Shipments, total ..
_ _ ._
_ __ _ do
Hardwoods
do
Softwoods
do
2 470
2 167
2 468
2 323
2 483
2 609
2 751
2 806
2 716
2 999
3 084
3 241
2,023
2,454
1, 785
2,235
2, 040
2,429
1,890
2,271
2, 050
2,522
2, 162
2,767
2,297
2,871
2,289
2,855
2,236
2,825
2,477
3,058
2,541
3,150
2,721
3,242
2, 166
2,624
1,956
1,767
1,950
1,765
2,043
2,301
2,405
2,385
2,381
2 559
2 647
2 717
2 089
9,544
3, 703
5,841
9,479
3,617
5,862
9,520
3.566
5,954
9,574
3,493
6,081
9,535
3,447
6,088
9,377
3,428
5,949
9,257
3,416
5,841
9,207
3,463
5,744
9,098
3,499
5,599
9 038
3 522
5,516
8 971
3 562
5,409
9 000
3 557
5,443
9 061
3,546
5,515
54, 838
231, 223
56, 600
241, 873
93, 662
187, 507
46, 258
195, 840
61 591
247, 476
57,181
238, 044
69, 793
258, 851
57, 785
290, 069
62, 920
313, 697
77 962
334 024
67 480
390, 936
62 292
56 648
578
472
595
574
948
554
476
520
550
918
632
506
667
602
984
549
492
633
564
653
518
665
627
780
580
690
719
781
633
710
728
1,053
1,091
1,062
1,044
667
571
665
729
979
807
690
590
688
882
742
727
667
705
843
685
643
711
769
785
628
519
762
752
825
563
512
605
570
856
Exports, total sawmill products
M bd. ft
22 234
Sawed timber
do
9,859
Boards, planks, scantlings, etc -.
do_ ... 12, 375
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
dol. per M bd. f t _ . 77. 414
Flooring, C and better, F. G., 1" x 4", R. L.
dol. per M bd. ft - 120.614
Southern pine:
Orders new
mil. bd. ft
480
Orders, unfilled, end of month
do
140
Production.._
do
535
Shipments
do
526
Stocks (gross), mill and concentration yards, end of
month
mil. bd. ft
1,882
Exports, total sawmill products
M bd. ft
5 921
Sawed timber
do
830
Boards, planks, scantlings, etc...
- do
5,091
Prices, wholesale, composite:
Boards, No. 2 and better, 1" x 6", R. L.
dol. per M bd. f t _ . 76. 921
Flooring, B and better, F. G., I" x 4", S. L.
dol. per M bd. ft.. 144. 979
Western pine:
Orders, now
mil, bd. ft
460
Orders, unfilled, end of month _ _ _ _
do _.
320
544
Production
do
Shipments.. _ _ _ _ . _ - _ _
_ ___ _ do 516
Stocks, gross, mill, end of month
do
2,052
Price, wholesale, Ponderosa, boards, No. 3 common,
I" x 8"
dol. per M bd. ft_. 66. 900
26 798
13, 785
13, 013
21 876
11,052
10, 824
19 204
8,167
11,037
20 639
10 270
10, 369
22 052
10, 160
11, 892
23 857
10, 044
13, 813
20 766
9,423
11,343
14, 819
7,467
7,352
18 424
8 560
9 864
21 260
10 124
11, 136
16 152
8 342
7,810
17 152
7,430
9,722
Stocks (gross), mill, end of month, total
Hardwoods
Softwoods - _ _
_ _ _
_ _ _
Exports, total sawmill products
Imports, total sawmill products
M bd. ft
do
__
SOFTWOODS*
Douglas fir:
Orders new
Orders, unfilled, end of month
Production.
__
Shipments
Stocks (gross), mill, end of month _
do
do
do _
-
mil. bd. ft
do
_do
do
_do .._
447
498
382
468
428
479
433
506
433
479
447
466
454
466
517
470
480
522
444
499
543
520
525
503
525
535
75. 607
75. 981
76. 201
75. 834
75. 589
76. 073
75. 950
75. 956
119. 511
118. 286
117. 674
114. 305
112.498
111.169
111. 169
110. 556
445
144
508
441
547
148
597
543
473
151
485
470
547
151
549
547
630
184
582
597
628
191
578
621
597
194
580
594
638
195
600
637
701
25?
587
644
668
245
609
675
695
207
710
733
599
194
616
612
1,949
7 085
2 018
6 447
2 020
6 236
1 087
5,149
2 005
7 287
1 800
5,487
1 962
6 754
1 115
5,639
1,948
6 521
1,410
5,111
1,911
6 547
1,488
5,059
1 854
5 690
6,342
2,003
5 875
1 678
4,197
1 788
7 254
1 654
5,600
1 765
7 143
1 605
5 538
1,769
5 676
1,211
4,465
77. 101
i 75. 833
75. 600
74. 643
74. 496
i 75. 045
75. 149
i 75. 347
75. 921
76. 726
r 77. 482
p 78.024
143. 999 1 143. 262
143. 262
142. 352
140. 672
140. 014
137. 624 1 137. 536
136.782
455
369
477
470
394
334
511
524
658
467
556
625
640
421
655
685
743
563
360
496
523
853
5,594
545
384
466
521
659
410
678
671
i 80. 577
1
115. 675
909
4 781
723
512
847
816
783
493
710
699
83. 202
' 81. 543 P 79. 064
120. 750 * 120. 582 pl21. 028
136. 782 ' 137. 656 P137. 656
772
483
836
801
2,028
1.974
1,981
1 968
1 899
1,869
1,876
1,887
1 918
1 953
66. 870
67. 350
67. 090
67. 520
67. 930
68. 530
68. 530
67. 990
67. 600
69. 260
3,225
13, 500
3,500
3 275
9,475
2,350
12, 800
3,450
2 850
10, 050
3 625
13 200
3,650
3 350
10, 250
2 750
13 100
2,900
2 600
10 750
2 700
13 025
3,025
2 625
11 125
3 725
13 500
3,050
3 150
12 000
3 200
13 525
3 125
3 425
10 825
3 600
12 400
3, 100
4 300
9 550
3 800
11 500
3 500
4 100
9 150
4 225
11 350
3 575
3 850
8 850
63, 549
35 063
67, 745
67 301
93, 293
52, 671
34 277
59, 611
55 926
96, 978
67, 600
37 864
69 384
64 013
100 122
87
55
71
78
92
80
56
73
80
84
72
51
75
78
81
75
52
77
77
80
89
58
78
83
75
716
378
844
821
546
346
612
578
1 976
2 010
70 770
P 70. 770
3 275
11 125
3 750
3 375
9 200
3 250
Il'o25
3 600
3 200
9 750
3 725
11 675
3 250
3 175
9 900
76
53
82
82
74
70
41
89
86
76
59
35
71
66
79
r
HARDWOOD FLOORING AND PLYWOOD
Flooring:
Maple, beech, and birch:
Orders, new
M bd. ft
Orders, unfilled, end of month _
do
Production.... ..
__ __ _ __ do
Shipments
do
Stocks (gross), mill, end of month
do
Oak:
Orders, new
do _
Orders, unfilled, end of month
do
Production.
_
_ ___
_. d o ..
Shipments
do
Stocks (gross), mill, end of month
do
Plywood (except container and packaging) , qtrly. total: \
Shipments (market)
M sq. ft., surface measure- r
189, 915
64
43
60
56
103
824
738
580
986
716
70
45
66
67
101
590
822
416
033
086
175, 231
723
360
535
185
963
068
108
987
553
457
949
891
231
Oil
677
176, 285
867
030
877
688
587
598
334
505
190
588
725
875
603
947
097
840
084
4°6
594
877
230
596
184
745
370
212, 978
Revised.
p Preliminary.
1 Not entirely comparable with earlier data.
9 Revisions for production for January 1955-July 1957 will be shown later.
{Revisions for lumber production, shipments, stocks, and orders for 1955-1957 will be shown later; those for plywood shipments (3d quarter 1953-lst quarter 1957) are available upon request.
SURVEY OF CURRENT BUSINESS
S-32
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of Novem- DecemBUSINESS STATISTICS
ber
ber
January 1959
1958
January
February
March
April
May
June
July
DecemOctober NovemAugust September
ber
ber
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfrs.):
Exports, total f
thous of short tons
Scrapt-—
do
Imports, totalf
- do_
Scrap
do
Iron and Steel Scrap
Production and receipts, total
thous. of short tons
Home scrap produced
_ ___
__.do
Purchased scrap received (net)
do
Consumption, total
do
Stocks consumers', end of month
do
Ore
Iron ore (operations in all U. S. districts):
IVIine production
thous of long tons
Shipments from mines
do
Imports
do
U. S. and 0foreign ores and ore agglomerates:
Receipt at iron and st^el p^nts*
Consumption ?t iron and steel plants*
Export** incl reexports*
Stocks total end of month*
A.t mines
At furnace yards*
At U. S docks*
-
do
do
do
do
do
do
do
1,046
620
108
19
708
323
139
13
706
341
99
16
521
249
91
12
642
335
128
20
638
347
130
9
650
369
143
15
487
245
181
22
382
196
242
26
360
167
212
38
423
219
229
31
5,291
3, 350
1,941
5,442
8,968
4,779
3,009
1,770
4, 795
8,949
4,514
2,943
1.571
4,561
8,906
3,919
2,456
1,463
3,910
8,906
4.314
2,583
1,731
4,164
9,060
4,000
2, 358
1,641
3,841
9,239
4,208
2,527
1,681
4,326
9,124
4,619
2,802
1,817
4,938
8,807
4,230
2,464
1,766
4,163
8,876
4,731
2,699
2,032
4,707
8,903
5,113
2,945
2,168
5,009
9,014
••5,700
' 3, 313
'2,388
' 5, 702
'9,008
4,974
5, 348
2,590
3, 258
1,559
1,956
3 375
1, 455
1,785
3,051
1,239
1,460
3,012
1,411
1,568
2,997
1,534
1,736
5, 439
5,208
2,257
8,118
9,071
3,008
8,698
10, 503
2,951
8, 665'
9,977
2,854
9 026
9,944
2,863
8,576
10, 108
7,518
9,339
9,066
101
73. 479
4,838
63, 384
5,257
3,864
8,223
38
70, 573
6, 536
58, 877
5,160
3,078
7, 605
37
67, 959
8,742
54, 349
4,859
2,515
6,484
65
66, 035
10, 633
50,379
5, 023
2,885
6,947
67
63. 299
12, 228
46, 317
4, 754
3,099
5,934
83
61, 636
13, 693
43, 437
4,506
6, 161
6,217
298
61, 829
13, 993
43, 381
4,455
10, 959
6,674
468
65, 232
12, 972
47, 667
4,593
12, 445
6,624
698
69,764
11, 170
53, 725
4,869
11, 769
7,419
605
73, 332
9,858
58,075
5,399
12,150
7,900
505
76, 962
8 950
62, 325
5,687
12, 645
9,128
420
79, 217
7,518
65, 843
5,856
547
254
561
224
5,669
3,154
2,516
5,382
9,297
9,324
9,262
157
65,904
5,312
Manganese (manganese content), general imports*
81
141
71
87
96
136
86
98
140
116
97
thous of long tons
Pig Iron and Iron Manufactures
Pig iron:
Production (excl. blast furnace prod, of ferroalloys)!
5,836
5,907
4,048
4,396
4,278
4,419
4,769
5,041
3,788
4,785
4,016
5, 71 1
5,213
thous of short tons
4,135
4,279
4,843
4,546
4, 283
3,784
3,978
5,683
4,714
5,114
5,068 ' 5, 868 " 5, 789
Consumption
do
Stocks (consumers' and suppliers'), end of month
3,851
3,923
3,831
3,873
3,757
4,022
4,032
3.695
3,817
3,886
3,740 '3,784 f 3, 891
thous of short tons
Prices:
65.95
65. 95
65. 95
65.95
65.95
65. 95
65. 95
65.95
65.95
65. 95
65.95
65.95
65.95
65.95
Composite
dol. per long ton._
66.00 p 66. 00
66.00
66.00
66.00
66.00
66.00
66.00
66.00
66.00
66.00
66.00
66.00
Basic (furnace)
do
66.50
66.50 "66. 50
66.50
66.50
66.50
66.50
66.50
66.50
66.50
66. 50
66. 50
66 50
Foundry No 2 Northern
do
Castings, gray iron:
Orders, unfilled, for sale, end of month
570
620
573
580
590
582
632
705
614
638
645
676
thous of '•short tons
820
993
868
792
802
940
796
807
868
753
864
917
Shipments total
do
472
587
542
514
466
457
436
390
483
447
444
538
For sale
do
""
Castings, malleable iron:
46, 603
63,425
48, 260
58, 340
54, 330
47, 664
74, 863
55, 145
67 292
59, 047
80,074
58 405
Orders unfilled for sale end of month short tons
48, 306
60, 981
51, 882
41, 865
49, 252
51, 708
50, 695
62, 734
54, 650
67, 904
60. 425
56, 836
Shipments total
do
40, 014
24, 479
26, 656
31, 077
29, 624
29, 388
31, 006
38, 085
34, 343
29, 414
34. 920
31, 999
For sale
do
Steel, Crude and Semimanufactures
Steel ingots and steel for castings:
6,301
7,127 '6, 442 ' 7, 308 ' 7, 632 ' 8, 840 '8,569 r> 8, 713
5,533
5,782
6,255
6,754
8, 393
7,420
Production
thous. of short tons__
74
74
53
62
54
^73
48
61
52
57
54
77
66
66
Percent of capacitvcf
'90.6 ' 102. 7 ' 110. 9 ' 124. 3 ' 124. 5 P 122. 5
88.6
103.5
80.4
121.9
87.9
94.9
90.0
104.3
Index*
*
1947-49 = 100
Steel castings:
95, 389
87,002 92, 861 68, 802 80, 886
91, 464
127, 115 120, 787 120, 722 103, 297 106, 233
85, 277
Shipments total
short tons
73, 367
71, 624
48, 618
66, 086
82, 195
69, 121
79, 708
98, 436
92, 125
59, 816
94, 717
64, 586
For sale, total
do
14, 185
10, 416
5,400
11, 956
16, 647
8,021
16, 180
22, 545
26, 892
23, 403
9,205 12, 254
Railwav specialties
do
Steel forgings (for sale):
306.7
265.9
241.9
240.1
256.5
288 4
342 8
242.0
364 5
317.9
270 1
280 1 ' 302. 9
Orders unfilled end of mo
thous of short tons
89.4
78.5
'99.7
86.6
67.4
92.3
82.5
93.1
104.8
79.9
107.8
98.5
89.0
Shipments, total
do
70.0
77.1
56.7
65.3
50.8
69. 1
61.4
60.6
69.9
79.3
73. 5
81. 5
70 0
Drop and upset
do
19.4
'22.6
21.3
21.8
16.6
21.9
25.4
18.5
23.1
26.3
23.2
25.1
19.0
Press and open hammer
do
Prices:
.0698
.0697
.0677
.0698
.0677
.0677
.0677
.0695
.0677
.0677
.0677
.0677
.0677
.0697
Composite, finished steel (carbon)
dol. per lb_.
Steel billets, rerolling, carbon, f. o. b. mill
95.00
v
95.
00
92.50
92.50
92.
50
95
00
92.50
92.50
92.
50
92
50
92
50
92.50
95
00
dol per short ton
.0617 P. 0617
.0594
.0594
.0594
.0594
.0594
.0594
.0594
.0594
.0617
.0594
.0617
Structural shapes (carbon), f o b mill dol per Ib
Steel scrap, No. 1 heavy melting:
41.48
v 41. 68
34.69
32.36
36.02
33.12
41.81
35.58
32.99
36.08
41.77
Composite (5 markets)*
dol. per long ton
1
32. 00 1 36. 00 1 36.00 i 43.50 i 42. 50 1.2 43.00 P l 43. 00
32.50
31.50 1 33. 00 i 33. 50 i 35. 00 1-234.00
Pittsburgh district
do
Steel, Manufactured Products
Barrels and drums, steel, heavy types (for sale):©
1,613
1,646
1 602
1 638
1 781
1 767
1 666
1 690
1 703
1 763
1 707
1 820
1,913
1,883
1,814
1,932
1,852
1,692
1,759
1,649
1,846
1,796
1 846
2,142
Shipments
do
89
80
81
87
76
88
79
89
60
74
70
80
Stocks end of month
do
Cans, metal, shipments (in terms of steel consumed),
total for sale and own use
short tons ' 284, 774 292, 210 323, 648 305, 458 352, 212 319, 748 365, 343 407, 669 475, 505 589,680 552, 870 '448,936 315, 806
f 168, 749 168, 614 190, 949 181, 864 213, 521 178, 441 198, 646 222, 295 287, 120 415,647 389, 407 '287,309 183, 971
Food
do
116, 025 123, 596 132, 699 123, 594 138, 691 141,307 166, 697 185, 374 188, 385 174,033 163, 463 ' 161, 627 131, 835
Nonfood
do
242, 053 248, 644 269, 259 258, 637 304, 212 261, 744 305, 622 350, 452 414, 732 520,655 476,966 '390,479 272, 855
Shipments for sale
do
1,652
1,444
1,434
1,367
1,654
1,583
1,453
1,413
1,555
1,528
1,366
1,315
Closures (for glass containers) production J millions
23, 135
27, 713
29, 888
22, 795
21, 462
32, 549
23,298 24,142
33, 992
18, 533
19, 990
23, 340
Crowns production
thousand gross
Steel products, net shipments:
6,225
4,649
5,187
4,082
4,449
4,373
5,215
4,835
5,386
5,746
4,263
6,606
5,093
Total (all grades)
thous. of short tons
246
246
193
232
207
176
120
178
184
220
206
242
213
Semifinished products
do
352
399
352
388
349
295
317
337
589
448
484
296
548
Structural shapes (heavy), steel piling
do
452
461
394
502
321
404
398
471
401
524
435
462
636
Plates
do
68
104
58
54
109
51
43
101
105
109
90
133
100
Rails and accessories.
-..
do_.
2
' Revised.
* Preliminary.
1 Not strictly comparable with quotations prior to January 1958.
Nominal.
fRevised (beginning with the October 1958 STJFVEY) to exclude data for ferroalloys; in 1957, such exports and imports averaged 5,490 tons and 34,200 tons per month, respectively. Pig-iron
production excludes blast-furnace production of ferromanganese and spiegel, averaging 80,300 tons per month in 1957.
*New series. Iron-ore receipts, consumption, and stocks at furnaces and at docks (compiled jointly by the American Iron Ore Association and the American Iran & Steel Institute) cover
ores originating in the U. S. and foreign countries. Data beginning 1956 will be shown later. Iron-ore exports and manganese imports are from the Bureau of the Census; general imports of
manganese cover ore, concentrates, manganiferous iron ore, manganese alloys, and metal. The steel index (AISI) is based on daily average production, unweighted by grades of steel (FRB
index on p. S-2 is weighted); monthly data for 1929-56 will be shown later. Composite scrap price (U. S. Department of Labor) represents the weighted average of consumers' buying prices
(including brokerage), delivered, at following markets: Pittsburgh district, Chicago, Philadelphia, Los Angeles, Birmingham.
cf For 1958, percent of capacity is calculated on annual capacity as of Jan. 1, 1958, of 140,742,570 tons of steel; for 1957, data are based on capacity as of Jan. 1, 1957 (133,459,150 tons).
©Beginning January 1957, data include light-type grease drums; see note marked "©" in September 1958 SURVEY.
{Revisions for 1956 are available upon request.
January 1950
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
SUBVEY OF CURRENT BUSINESS
S-33
195T
1958
Novem- December
ber
January
February
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
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)t
thous. of short tons__
Shipments!
do
Backlog, end of month f
do
783
538
142
96
736
227
321
2,113
616
1,025
218
334
3,233
645
455
100
84
653
195
271
1,831
521
911
141
320
2,959
682
468
118
89
615
234
559
572
385
107
75
508
204
475
626
399
141
80
454
240
516
628
376
176
71
511
251
565
685
415
191
73
592
285
491
1,801
1,499
1,517
1,396
906
542
274
85
740
354
522
1,508
1,932
511
873
162
317
2,778
435
702
186
283
2,727
416
710
196
337
2,542
387
628
208
324
2,387
437
661
224
328
2,211
574
852
287
329
2,191
587
344
175
63
513
197
514
1,484
414
675
331
291
2,220
719
455
180
79
567
252
560
1,744
474
800
226
298
2,119
810
518
193
94
561
263
633
2,102
617
965
256
314
2,047
887
594
184
102
625
283
917
2,338
687
1 074
259
307
1 913
821
559
152
102
533
251
157
2.317
653
1 132
243
271
1.839
NONFERROUS METALS AND PRODUCTS
Aluminum:
135, 024 140, 036 139, 910 121, 980 134, 019 124, 999 126, 327 115,326 118,541 125, 416 124, 714 r 139 836 4 140 962
Production, primary, domestic
_ _. short tons
32, 030
22, 802
24, 128
22, 630
28, 565
23, 095
24, 573
Estimated recovery from scrap©
do
28, 580
20,803
26, 285
20, 697
Imports (general):
14, 076
17, 857
24, 886
18, 329
17, 343
24, 949
11, 283
27, 306
46, 366
15, 127
Metal and alloys, crude
do_
15, 077
1,764
1.603
Plates, sheets, etc
_
do_
2,284
2,128
2,009
2,016
1,938
2,024
2 574
1,767
2,410
Stocks, primary (at reduction plants), end of month*
172, 105 171, 145 176, 069 179, 441 189, 999 187, 390 183, 557 168,096 152, 554 145, 205 123, 049 r!24 191 4 138 545
short tons
.2810
.2610
.2810
.2810
.2810
.2810
.2678
.2610
.2610
Price, primary ingot, 99%+
_.dol. perlb__
.2610
, 2680
.2680
.2680
.2680
Aluminum shipments:
292.1
251.4
269.8
235.2
278.0
283.4
301.1
' 374. 5 '347 4
Mill products and pig and ingot (net). _rrtil. of lb__ ' 279. 2
301.7
302.9
304.0
187.0
190.1
211.5
229.7
179.0
Mill products, total
do
177.5
213 4 r 231 2
228.3
193.7
217.3
254 0
216 7
113.0
115.7
95.2
90 0
102.0
93.9
118 8
118 4
.00.8
Plate and sheet
do
110 0
119 3
114 6
130 4
44.1
44.9
58.9
53.1
45 0
57.8
50.5
40.7
60.7
38.8
52 8
55 7
Castings A
-do
Copper:
Production:
87, 234
84, 107
78, 391
68, 252
90, 255
81, 717
90, 386
61, 222
67, 039
82, 987 r 92, 134
94,056
Mine, recoverable copperA
-- short tons__ 90, 089
127, 951 132, 303 123, 862 109, 100 104, 530 103, 689 107, 431 103, 197
94, 963 104, 630 114, 662 121 052 126 828
Refinery, primary
_ _
do_
86, 063 94, 389
75, 560
83, 091
73, 693
78, 597
78, 455
76, 757
67, 912
88, 487
From domestic ores
_
do
82, 602
99, 594
88, 564
41, 888
30, 645
27, 773
28, 129
37, 914
24, 600
35, 375
24. 340
27, 051
30, 937
27 234
From foreign ores
__ _
do
32 060
32 488
19, 253
17, 940
15, 624
16,883
16, 277
15, 131
18, 746
18, 200
16, 758
19, 349
Secondary, recovered as refined...
do
19, 060
20, 265
16, 116
Imports (general):
46, 650
52, 627
47,603
48, 945
47, 720
58, 900
53, 182
31, 698
33, 705
27, 852
34, 293
Refined, unrefined, scrap©
do
18, 427
16, 280
15, 320
20, 542
14, 940
Refined
do
11, 206
7,871
9,015
3 443
5 120
19, 558
Exports:
35, 689
30, 265
21, 056
27, 539
27, 987
43, 482
28, 421
43, 851
49 577
25, 192
Refined, scrap, brass and bronze ingots
do
30, 326
36 618
47 284
30, 897
21, 232
18, 903
22, 584
23, 920
26, 123
26, 130
40, 551
29, 338
36, 746
Refined
do
43, 141
32, 238
44, 498
108, 395 102, 425 106, 152
94, 621
80, 114 116, 250 114 979 P136 351 pl21 282
93, 237
91,946
85, 276 108, 351
Consumption, refined (by mills, etc )
do
279, 398 288, 360 301, 807 329, 242 364, 803 375, 005 379, 069 T 367, 381 360, 104 316, 448 268 726 ^207 350 pl89 518
Stocks, refined, end of month, total
_do
123, 730 124, 640 132, 139 136, 107 136, 623 136, 679 137, 508 137, 484 136, 432 118 422 110 624 PlOl 120 Pllg 583
Fabricators'
do
.2632
.2402
.2634
.2609
.2511
.2440
.2425
Price, bars, electrolytic (N. Y.) __ __ dol. per Ib
.2867
.2469
.2430
.2567
2858
.2608
.2731
Copper-base mill and foundry products, shipments
(quarterly) :
414
474
422
Brass mill products
^_
mil. of Ib
419
333
324
Copper wire mill products ©
do
373
359
202
213
187
Brass and bronze foundry products
do
190
Lead:
Production:
24, 042
25,664
25, 982
25, 801
24, 225
20,983
19, 344
21, 274
22, 776
23, 632
18, 307
19, 414
Mine, recoverable lead A
short tons.
24,864
Secondarv, estimated recoverable©
_do
36, 283 30, 741
26, 586
26, 329
23, 563
28, 651
31, 715
28, 909
29, 811
28, 266
33 341
45, 292
51, 015
Imports (general), ore©, metal
do
57, 701
35, 662
50, 794
39, 601
67, 865
53, 597
59, 984
53, 771
39, 797
Consumption, total _ _ _ _
_ __ _
do
86, 385
78,000
79,500
83, 000
82, 100
71,700
79, 400
75,800
79, 298
90, 200
80,000
92 500
Stocks, end of month:
Producers', ore, base bullion, and in process©
102, 401 112, 914 116, 546 112, 879 115,309 117, 996 110, 238 110 532 116 016 118 585 112 599
(ABMS)
short tons
99 864
99 750
Refiners' (primary), refined and antimonial©
short tons__ 70, 101
90, 777 100, 303 118, 677 127, 938 142, 232 154, 105 162, 476 164, 072 168, 495 169, 958 168, 654
Consumers', total
do
116 630 122, 433 127 489 113 871 113 950 111, 599 119 167 113 470 105 085 101 357 106 692 117 519
44, 979
44, 401
44, 569
39,211
48, 025
34, 864
41, 178
42, 543
Scrap (lead-base, purchased), all consumers._do
36, 025
35, 310
31, 689
36, 964
.1350
.1300
.1300
.1300
.1200
.1171
Price, pig, desilverized (N. Y.)
dol. per lb__
.1300
.1122
.1100
.1086
.1300
.1300
.1087
.1264
Tin:
Imports (for consumption):
(3)
o
0
0
0
45
1,050
2,037
1,279
Ore©*
__
. long tons
10
1,796
4 267
3,780
2,335
2 621
Bars, pigs, etc
do
2 153
3 655
4 510
2 915
3 173
2 900
3 558
2 025
2
5
250
Estimated recovery from scrap total©*
do
1
450
1
650
1
860
1
600
1
820
1
710
1
As metal
__ __
do
2 786
1290
286
360
325
220
275
260
300
340
5, 925
Consumption, pig, total
do
6,065
5,775
5,355
5 765
5 840
5 920
6,000
5 685
6 320
6 940
6 380
3,590
4,250
Primary
do
3,885
3, 720
3,880
3,975
3,830
3,310
3,955
3,950
4,710
4,350
7
136
179
228
42
Exports, incl. reexports (metal)
do _
48
295
148
49
42
190
69
30
Stocks, pig (industrial), end of month
do
23, 355
22 025
21, 820
21, 100
19, 655
22, 423
20 480
20 596
18, 920
20 055
20, 560
20 690
.9494
.8923
. 9375
.9298
.9449
Price, pig, Straits (N. Y.), prompt
dol. per lb__
.9232
.9489
.9462
.9401
.9896
.9268
.9433
.9897
.9647
Zinc:
30, 136
35, 624
39, 405
39, 895
32, 971
32, 271
38, 708
35, 834
Mine production, recoverable zincA
short tons-- 36, 043
33, 545
28, 769
32, 391
29,287
32,003
Imports (general):
31, 222
42,090
48, 724
44,213
48, 629
34, 915
45, 288
53, 244
35, 499
Ores and concentrates©
do. __ 48, 171
26, 312
13 304
13,554
11,864
16, 083
Metal (slab, blocks)
do
24, 178
12, 889
16 901
22, 069
15 307
16 872
20 898
Slab zinc:
Production (primary smelter), from domestic and
74, 633
58, 992
66, 572
foreign ores
short tons
61, 051
58, 461
63, 551
61, 025
78, 194
65, 459
69, 040
67, 167
81, 666
5, 121
4,466
4,279
3, 234
3,642
3,851
Secondary (redistilled) production, total ... do
4,713
2,895
4,604
4,068
3,416
4, 149
70, 033
75, 022
82, 819
69, 295
60 437
58, 432
76, 595
67, 421
Consumption, fabricators', total
do
60,007
68, 590
59, 978
61,907
1
11
2
136
156
Exports
do.
16
433
79
222
10
343
413
10
Stocks, end of month:
251,
529
203,
641
152,
513
166,
660
180, 346 189, 189
221,171 240, 670 252, 979 257, 911
Producers', smelter (AZI)
do_ __
238, 116 210, 176 191, 744 190,237
63,484 f 62, 278
75 955
71 820
70 224
74, 095
62, 959
74 870
87 169
81 584
Consumers'
do
63 398
85, 006
.1000
.1000
.1000
.1000
.1000
.1000
.1000
.1000
.1000
Price, prime Western (St. Louis)
dol. per lb._
.1000
.1084
.1000
.1137
.1150
Zinc oxide (zinc content of ore and concentrates
6,041
6,376
7,800
5, 833
6,819
6,070
6,603
8,038
6,174
6.879
5,618
used In production)
short tons__
8.935
r
J
2
3
Revised.
f Preliminary.
Represents secondary pig tin production excluding remelt tin.
Total for January-March.
Quantity (valued at less than $200) not available.
4
Source: American Bureau of Metal Statistics.
fData for 1947-57 have been revised to incorporate adjustments to materials from the 1954 Census of Manufactures; revisions appear on p. 19 of the November 1958 SURVEY.
©Basic metal content.
ARovisions for aluminum castings (1955} and copper, lead, and zinc mine production (1956) will be shown later.
*New series. Source: U. S. Department of the Interior, Bureau of Mines, except imports of tin ore (Bureau of the Census). Tin recovery data represent total secondary tin recovered from
scrap processed in the United States. The total includes tin recovered hi all forms covering alloys, solder, type metal, babbitt, etc., as well as in metal (secondary pig tin and remelt tin) which
is shown separately. Data in 1957 BUSINESS STATISTICS represent total production (both primary and secondary).
SUEVEY OF CURRENT BUSINESS
S-34
January 1959
1958
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of Novem- DecemBUSINESS STATISTICS
ber
ber
January
February
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
METALS AND MANUFACTURES—Continued
HEATING APPARATUS, EXCEPT ELECTRIC
Radiators and convectors, cast iron:
Shipments
thous of sq ft of radiation
Stocks end of month
do
Oil burners:
Shipments
number
Stocks end of month
do
Stoves and ranges, domestic cooking, excl. built-ins:
Shipments total
number
Coal and wood
do
Gas (incl bungalow and combination)
do
Kerosene gasoline and fuel oil
do
Stoves domestic heating shipments total©
Coal and wood
Gas©
Kerosene gasoline, and fuel oil
do
do
do
do
Warm-air furnaces (forced -air and gravity air-flow),
shipments total©
number
Gas
do
Oil
do
Solid fuel
do
W^ater heaters gas shipments
do
MACHINERY AND APPARATUS
Blowers, fans, and unit heaters, quarterly totals:
iu eih d,
d, . ,
e -. _
-
1,995
3,510
1,277
5,482
1,343
3,761
4,270
1,229
1,890
4,405
1,361
4,807
1,135
5,403
1,440
5,769
1,457
5,300
2,095
4,950
2,643
4,097
44,613
41, 298
29, 276
39, 054
40, 193
38, 308
33, 984
37, 950
30, 695
45, 002
33, 073
52, 440
40, 840
49, 881
48, 403
52, 485
45, 047
47, 782
58, 921
41, 968
74, 611
35, 265
79,000
30, 413
146, 777
3,328
137, 166
6,283
126, 521
2,350
119, 189
4,982
125, 951
3.674
115,391
6,886
133, 652
145, 868
3,493
132, 798
9,577
140, 666
2,764
133, 541
4,361
138, 614
2,924
129, 163
6,527
142, 554
3,648
133, 660
5,246
122, 010
3,668
113, 362
4,980
148, 303
4,489
136, 936
6,878
170, 490
5, 659
158, 146
6,685
198, 602
5,616
185, 604
7,382
173, 398
17,055
127, 137
29, 206
78, 066
6,832
59, 094
12, 140
75, 764
6,592
48, 412
20, 760
94, 988
54, 931
32, 693
7,364
114,983
11,999
69, 387
33, 597
100, 038
11, 632
61, 214
27, 192
97, 378
12, 375
63, 702
21, 301
145, 234
17, 334
98, 481
29, 419
202, 594
24, 720
131, 441
46, 433
263, 185
35, 013
175, 457
52, 715
333, 778
58, 129
218, 012
57, 637
365, 983
61, 183
241, 898
62, 902
96, 745
61, 884
26, 524
2,892
169, 261
62, 542
41, 570
15, 804
1, 645
168, 719
70, 961
47, 928
21, 160
1,873
232, 784
68, 205
46, 651
19, 712
1,842
212, 464
72, 716
52, 036
18, 884
1,796
220, 009
71,992
50, 808
19,314
1,870
218, 673
79, 758
56, 373
21, 802
1,583
205, 764
98, 608
69, 800
26, 044
2,764
226, 886
94, 064
65, 254
25, 941
2,869
217, 383
124, 199
85, 356
34, 911
3,932
211, 634
153,269
103, 852
43, 818
5, 599
224, 691
143, 675
98, 428
40, 100
5,147
254, 743
Industrial trucks (electric), shipments:
Hand (motorized)
number
Rider -type
do
Industrial trucks and tractors (gasoline-powered),
shipments
number
Machine tools (metal-cutting and metal-forming) :f
New orders (net), total
mi] of dol
Domestic
._
_
do
Shipments, total
do
Domestic
do
Estimated backlog
months
Other machinery and equipment, quarterly shipments:
Construction machinery (selected types), total 9*
thous. of dol_ _
Tractors, wheel (contractors' off-highway) _ -do
Tractor shovel loaders, integral units only (wheel
and tracklaying types)
thous. of dol- _
Farm machines and equipment (selected products),
excluding tractorscf
thous. of dol._
Tractors, wheel (excl. garden and contractors' offhighway types)
thous. of doL.
Pumps (steam, power, centrifugal, and rotary), new
orders
_ _ __ _
. _ thous. of doL
8,994
1
39, 476
23, 914
i oub. 01 01
Foundry equipment (new), new orders, net
mo. avg. shipments, 1947-49= 100- _
Furnaces, industrial, new orders, net:
Electric processing
thous of dol
Fuel-fired (except for hot rolling steel)
do
3,003
121, 655
34, 257
17, 750
32, 884
18, 524
30, 113
20, 308
59.6
61.4
57.9
57.6
85.9
88.7
136.1
87.7
77.9
74.1
64.5
118.9
83.3
749
1,634
1,593
2,180
701
1,593
1,420
717
803
1,083
879
2,248
709
-488
979
1,344
1,217
3,578
1,177
2,010
1,119
771
908
854
777
3,874
532
366
504
389
515
383
471
370
459
394
456
373
415
325
353
277
453
353
233
211
385
294
467
295
426
238
1,518
1,812
1,305
1,264
1,453
1,563
1,365
1,324
1,134
1,182
1,510
1,368
1,407
35.15
30.80
59.75
51.60
3.1
24.85
20.05
70.10
63.25
2.8
26.85
22.00
57.80
50.80
2.7
28.30
23.75
48.05
36.15
29.80
54.15
48.50
2.7
28.30
20.85
50.90
44.20
2.6
28.05
23.85
50.10
41.70
2.5
32.10
24.30
45.50
38.90
2.5
26.55
21.95
29.70
24.50
2.7
28.30
23.20
29.80
24.95
2.8
28.10
24.65
34.90
29.65
2.9
37.00
* 32. 00
' 41. 40
' 35. 90
3.0
p 29. 15
P 25. 25
p 33. 30
P 27. 20
5,838
43.15
2.7
284, 895
91, 405
28, 387
10, 562
177, 608
56, 852
14, 666
30, 320
47, 365
121, 331
218, 593
255, 689
99, 863
138, 080
134, 940
4,906
193,590
253,684
108, 625
5,261
5,918
6,004
5,313
6,728
5,467
5,088
5,663
2,004
1,803
1,577
1,242
1,454
1,773
2,101
2,333
2,704
' 2, 976
2,223
109.0
111
108.7
129
117.9
122
95.6
106
96.0
121
116.8
140
98.5
145
81.4
152
121.8
155
' 135. 5
'173
129.3
195
265.5
244.8
1, 026. 5
434.0
225.6
876.9
370.4
291.4
287.9
931. 3
416. 9
247.3
224.9
697.3
302.6
218.8
263.0
654.8
267.0
253.1
288.8
774. 4
3 377. 1
263.8
277.3
621.5
275.0
116.0
1,802
34, 510
106.0
1,314
24, 773
108.0
1,317
26, 053
107.0
1,362
27, 549
104.0
1,188
30, 762
107.0
1,154
41, 033
90.0
1,015
32, 941
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only) shipments
thousands. . 2,359
2,015
Household electrical appliances:
Ranges (incl. built-ins), domestic and export sales*
thousands. 113.8
116.8
Refrigeration, output (seas, adj.)©
1947-49=100-125
148
Vacuum cleaners (standard type), sales billed
thousands. _
251.1
237. 5
Washers, sales billed (domestic and export) A--do
267.8
213.5
Radio sets, production §
do
1, 688. 9 41,793.3
Television sets (incl. combination), prod.§
do
574.6 4 573. 5
Insulating materials and related products:
Insulating materials, sales billed, index
1947-49=100..
112.0
123.0
Vulcanized fiber products, shipments_.thous. of dol__
1,575
1,692
Steel conduit (rigid), shipments
thous. of ft._ 28, 921 24, 889
Motors and generators, quarterly:
New orders, index
1947-49=100
150.0
Polyphase induction motors, 1-200 hp:^[
New orders, gross
thous. of dol
39, 178
Billings
do__-_
43, 347
Direct current motors and generators, 1-200 hp:^
New orders, gross.
thous. of doL,
6,441
Billings
do _.
10, 245
268.1
::::::::: :::::::::
3
3
3
280.2
299.6
326.8
423.1
1, 028. 9 31,572.0
507.5 3 621. 7
106.0
1,147
36, 383
124.0
1,509
40, 987
r
339. 1
293.6
404.1
333.0
1,322. 2 '1,545.6
p31,396.9
T
495.6
437. 8 P 3 427.5
135.0
1,829
34, 318
135.0
140 0
144.0
33, 187
35, 486
37, 077
34, 817
36, 988
33, 580
211,906
4,096
7,560
5,420
5,881
5,338
4,916
22,404
r
Revised.
p Preliminary. 1 Data beginning 1st quarter 2 1958 reflect revised reporting and reclassification of items covered to exclude the household fan group, except for attic fans For
4th quarter 1957, comparable new orders totaled $34,770,000.
Data are for month shown.
3 Represents 5 weeks' production.
< Represents 6 weeks' production.
©Revisions will be shown later; see note in September 1958 SURVEY for period affected.
9 Includes data not shown separately.
DExcludes oil-fired unit heaters' orders for such
heaters were less than $50,000.
fRevised, effective with the April 1958 SURVEY, to include the metal-forming types; comparable data for 1956 will be shown later. cfData exclude shipments of farm elevators and blowerssee note in September 1958 SURVEY.
*New series. Beginning 1st quarter 1958, construction machinery figures (Bureau of the Census] cover, in addition to excavating and earthmoving equipment (described in the 1957 edition
of BUSINESS STATISTICS), shipments of tractors (shown separately), mixers, pavers, portable crushing, screening, and combination plants, etc.; comparable data prior to 1958 are not available.
Electric range data (National Electrical Manufacturers Association) represent estimated industry totals based on member reports which account for approximately 85 to 90 percent of the total
industry; monthly data back to January 1956 will be shown later.
AAdjusted beginning with the October 1958 SURVEY to include export sales. Data exclude sales of combination washer-dryer machines Such sales (including exports) totaled 17 700 units
i n November 1958.
"
» * - - ; »
§Radio production comprises home, portable battery, automobile, and clock models; television sets include combination models. Data for March, June, September, and December 1958 cover
5 weeks; for December 1957, 6 weeks; all other months, 4 weeks. IData for induction motors cover from 24 to 28 companies; for d. c. motors and generators, from 16 to 22 companies.
SUKVEY OF CURKENT BUSINESS
January 1959
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of Novem- DecemBUSINESS STATISTICS
ber
ber
S-35
1958
January
February
March
April
May
June
July
DecemOctober NovemAugust September
ber
ber
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
thous. of short tons..
Stocks in producers' storage yards end of mo do
Exports
_
do
Prices:
Retail, stove, composite
dol. per short ton._
Wholesale, chestnut, f o. b car at mine
do
Bituminous:
Production
thous. of short tonsIndustrial consumption and retail deliveries, total f
thous. of short tons _
Industrial consumption, total §t
do
Electric-power utilities
_ _ _ _ do
Oven-coke t
do
Beehive coke ovens _
_ do_.
Steel and rolling mills §
do
Cement mills § . _ _ - _ __ _ _
do__
Other mfg and mining industries §
do
Railroads (class I)
Bunker fuel (foreign and lake vessel) § _
Retail deliveries to other consumers §
do _
do
_do
Stocks, industrial and retail dealers', end of month,
total §f
---thous. of short tons. _
Industrial, total §t
- _ __
do ___
Electric-power utilities
do
Oven-coke plantsf -_
-- -do. __
Steel and rolling mills §
__ _ _
_ do _
Cement mills
do
Other industrials
do__
Railroads (class I)
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._COKE
Production:
Beehivef
thous. of short tons
Oven (byproduct) f
__do
Petroleum coke 9
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 cf
dol per short ton
1,928
510
240
1,826
500
270
2,197
420
225
1,782
291
200
1,501
275
137
1,571
283
117
1,639
341
190
1, 995
366
232
1,400
395
139
1,779
446
164
2,084
501
235
28.90
15. 092
28.90
15. 512
29.14
15 512
29.14
15 512
29.14
15 512
28.21
13 279
27.66
13 279
27.63
13 279
27.76
13 685
27.76
13 685
27.80
13 951
38, 508
37, 163
37, 700
31, 450
31, 930
29 940
30 310
33, 762
23, 638
33 470
35 960 f 39 400
34. 334
31,175
13, 345
7, 865
153
621
786
7,685
35, 163
31, 240
13, 646
7,229
139
680
817
8 123
36, 784
31 778
14, 563
6 697
84
800
706
8,407
33, 653
28 622
13, 352
5 758
63
787
615
7,592
32, 319
28 692
13, 165
6 130
72
734
626
7,562
27, 130
24 932
11 290
5 446
60
583
629
6 556
26, 044
24 477
11,012
5 555
65
559
700
6 150
25, 650
24 199
11, 183
5 577
78
486
718
5 806
26, 278
24 824
11, 821
5 641
54
438
729
5,829
28, 204
26 141
12 381
6 118
68
466
673
6 097
29, 473 r 31, 956
26 647 f 29 028
13 094
12, 087
7 207
6 350
105
94
472
538
735
683
6 931
6,609
607
113
584
22
521
0
452
3
400
3
320
48
276
160
227
124
191
121
197
141
215
137
3,159
3,923
5,006
5,031
3,627
2,198
1,567
1,451
1,454
2,063
2,826
2,928
2,621
81, 521
80, 533
51,070
14, 003
652
1,573
12, 617
618
80, 779
79, 868
50, 289
14, 092
651
1,524
12, 667
645
77, 355
76, 617
48, 707
13,217
602
1,364
12, 072
655
72, 264
71, 692
46, 025
12, 096
590
1,228
11, 142
611
70, 922
70, 409
45, 055
11, 906
589
1,128
11, 141
590
71, 296
70, 749
45 662
11, 782
621
1 060
11,074
550
72, 613
71, 931
47, 296
11, 585
613
1 073
10, 853
511
74, 646
73, 789
48 670
11,784
680
1 144
11,016
495
71, 144
70,217
47, 290
10, 040
540
1 093
10, 840
414
72, 256
71, 256
48, 041
10, 119
561
1,120
11,013
402
74, 020
73, 003
49, 508
10, 523
609
1,212
10, 749
402
77, 807
76, 745
50 653
11. 666
606
1 329
12, 082
409
77, 212
76, 123
50, 326
12, 336
704
1,424
10, 946
387
1,999
527
252
r
1,585
580
198
2 324
27.95
28.13
14 343 Pl4 411
281
' 137
r
33, 810
38 230
31, 864
29 243
13, 265
7,393
110
575
682
6,833
282
103
988
911
738
572
513
547
682
857
927
1,000
1,017
1 062
1,089
5,268
4,901
4,104
2,933
3,629
4,412
4,351
4 828
4,386
5,475
4,626
4 510
4 086
16.58
16.61
16.62
16.63
16.66
16.63
16 18
16 16
16.28
16.31
16 60
T
16 49
16.53
5.565
7.665
5.559
7.724
5.539
7.709
5. 555
7.709
5.561
7.709
5.449
7.182
5.449
7.154
5.443
7.322
5. 385
7.247
5.325
7.569
5.326
7.659
' 5. 329
7.784
» 5. 320
p 7. 803
90
5,541
586
81
5,098
607
48
4,715
646
37
4,041
560
40
4,302
592
34
3,802
627
36
3,862
665
45
3,889
593
29
3,928
638
39
4.276
637
55
4,450
604
62
5,046
665
64
5,176
2,963
2,095
868
501
56
3,137
2,183
954
507
50
3,300
2,273
1,027
559
41
3,347
2,312
1,035
576
33
3,478
2,346
1, 133
622
32
3,721
2 479
1,243
669
16
3,886
2,580
1,306
728
25
3,877
2 531
1,346
725
30
3,983
2 585
1,398
795
48
4,007
2 588
1,419
821
25
3,993
2 577
1,416
845
28
3 896
2 507
1 389
882
42
3 882
2 482
1 400
28.85
28.85
28.85
28.85
28 85
28 85
28 85
28 85
28 85
28 85
28 85
28 85
28 85
2,117
205, 249
86
230, 773
2,035
214, 641
88
242, 305
2,572
212, 810
86
237, 827
1,851
190, 651
85
210, 663
1,704
194, 472
81
228, 050
1,624
188, 631
79
215, 657
2,160
193, 215
82
229, 754
1,980
190 240
83
225, 803
2,251
203 700
84
234, 164
1,842
215 114
86
242, 537
2,112
212 972
85
232 884
2 388
216 304
84
238 695
281, 769
74, 340
184, 557
22, 872
281, 813
76, 576
183, 526
21,711
284, 539
79, 736
183, 043
21, 760
285, 048
77, 069
186, 877
21, 102
278, 534
77, 556
179, 464
21,514
273, 959
76, 981
176, 112
20 866
263, 105
72, 351
169, 908
20 846
253, 550
71 419
161, 373
20 758
246, 556
70 356
156, 037
20 163
244, 810 ^251 701
68 692 T 69 906
154, 943 160 914
21 175
20 881
42
28 85
PETROLEUM AND PRODUCTS
Crude petroleum:
Wells completedf
number..
Production!
thous. of bbl
Refinery operations
_ _ ...percent of capacityConsumption (runs to stills)
thous. of bbl
Stocks, end of month:
Gasoline-bearing in U. S., total
do
At refineries
do
At tank farms and in pipelines
do.. _
On leases
_
-_
_. do _
255
69
164
20
345
932
563
850
926
213
"Exports _
_
do
1,088
838
425
503
643
334
308
216
170
275
330
28, 392
Importsdo
27, 485
31, 281 34, 237
32, 406
31 182
27, 608
34, 460
32 056
31, 613
33 645
3.07
3.07
3.07
Price (Oklahoma-Kansas) at wells
dol. per bbL.
3.07
3.07
3.07
3.07
3.07
3.07
3.07
3 07
3 07
Refined petroleum products:
Fuel oil:
Production:
52, 006
58, 455
Distillate fuel oiL .
thous. of bbl
48, 179
57, 120
47, 032
51, 149
50, 723
51 145
52 878 T 53 506
48 342
56 372
32, 059
Residual fuel oil
do
33, 803
31, 054
35, 398
31 468
28 412
28 537
27 346
30 407
29 789
29 197
29 738
Domestic demand:
60, 037
74, 739
Distillate fuel oilf
do
82, 169
83, 604
62, 298
46, 221 37, 290
32, 135 36, 864
31 915 T 3g 056 47 545
45, 974
53, 766
46, 294
56, 356
41 491
50, 398
35 816
34 064
38 118
Residual fuel oil t
.. do..
39 019 r 37 070
39 485
Consumption by type of consumer:
' 6, 719 r 7, 050
5, 950
6,442
7,257
4,784
5, 017
Electric-power plants t
do
6, 102
5,343
6, 567
6,435
6,953 1 7, 578
7,596
7, 833
7,812
Railways (class I)
___do
7,034
7,826
7,319
6,665
7 185
6 918
7 366
7 389 i 7 777
7,345
7,168
7,462
Vessels (bunker oil)
do _
7 491
6,886
6,456
6 629
7 351
7 130
6 647
6 861
7 482
6 148
Stocks, end of month:
166, 763 149, 449 122, 375
Distillate fuel oiL
do
87, 906
75, 315
76, 239
89, 160 105 311 119 437 139 862 155 412 164 686
59, 622
59, 959
57, 562
54, 929
Residual fuel oil
do_55, 095
61, 589
57, 975
63, 864
66, 457
67 045
67 230
67 670
Exports:
2,239
1,364
1, 825
Distillate fuel oil
do._
1,753
1,657
1 057
1 910
1 436
1 138
1 757
1 395
1 119
1 830
1,804
1,898
Residual fuel oil
do. ._
1,769
1,418
1,046
1,218
1 952
2 506
2 163
1 805
2 738
2 341
1 940
Prices, wholesale:
.105
.101
.105
Distillate (N. Y. Harbor, No. 2 fuel) _.dol. per gal..
.099
.105
.093
.093
.093
.093
.096
.099
.099
1.75
1.75
Residual (Okla., No. 6 fuel)
dol. per bbl._
1.10
1.75
1.25
1.20
1.20
1.20
1.20
1.30
1 30
1 40
Kerosene:
9,709
11,042
11, 204
Production
thous. of bbl_.
10, 651
10, 436
8,102
7,036
6,978
6 984
8 202
8 544
9 778
14, 593
17, 459
i 1, 020
16, 524
4 379
Domestic demandf
do__ _ 11,451
6 091
4 278
5 272 T 6 031
5 538
9 008
Stocks, end of month
do
29, 200
32, 696
23, 073
17, 202
16, 706
18, 729
24 167
21, 437
25 655
28 662
31 259
31 877
109
93
Exports.-.
do__ _
82
71
45
73
56
29
58
51
44
231
261
Price, wholesale, bulk lots (New York Harbor)
.110
.110
dol. per gal__
.104
.110
.106
.098
.098
.098
.098
.101
.104
.104
r
'Revised.
*> Preliminary.
1 Revisions for October 1957 (thous. bbls.): Electric-power plants, 6,416; railways, 8,131.
tRevisions will be published later for indicated items as follows: Bituminous-coal consumption (January-August 1957); bituminous stocks (February, May and October 1957)- beehivcand oven-coke production (1956); oil wells completed, crude production, and refined petroleum products (January-September 1957).
§Data for total industrial consumption, retail deliveries, total industrial and retail stocks, and for the indicated components have been revised to new benchmarks; bunker fuel figures
now include fuel on lake vessels. Revisions for consumption and retail deliveries are available on annual basis from 1933 forward and on monthly basis beginning January 1954- revisions for
stocks begin with January 1957 (earlier figures for affected items not strictly comparable).
9 Includes nonmarketable catalyst coke.
series (averages of weekly quotations from Steel magazine); data prior to May 1957 will be shown later.
DigitizedcfSubstituted
for FRASER
January 1959
SURVEY OF CURRENT BUSINESS
S-36
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of Novem- DecemBUSINESS STATISTICS
ber
ber
1958
January
February
March
April
May
June
July
De<3emOctober NovemAugust September
ber
ber
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued
Lubricants:
Production
thous of bbl
Domestic demand t
do
Stocks, refinery end of month
do
Exports _
do
Price, wholesale, bright stock (midcontinent, f. o. b.
Tulsa)
dol. per gal
Motor fuel:
Gasoline (including aviation):
Production, totalf
thous of bbl
Gasoline and naphtha from crude oil
do
Natural-gas liquids:
Used at refineries (incl benzol)
do
Used in other gasoline blends, etcf
do
Domestic demandf
Stocks, end of month:
Finished gasoline
At refineries
Unfinished gasoline
Natural-gas liquids
4 432
2,871
10 864
1,044
4 221
2,959
11 284
799
3 843
2,749
11 360
970
3 973
3,191
11 218
879
4,065
2,997
11, 090
1,141
4,325
3,183
11,011
1,167
4,224
3,708
10, 659
818
4,397
3,303
10, 574
1.126
4,564
3,520
10,215
1,356
4,162
3,362
10, 037
933
4,519
3,529
9,765
1,209
.255
.255
.255
.255
,245
.230
.230
.230
.230
.230
.230
.230
116, 973
102 699
124, 005
109 437
119,265
106 450
106, 101
94 316
112, 847
100 019
107, 685
95, 074
115, 109
102, 562
116, 865
104, 008
126, 213
112,228
127, 787
113, 352
120, 010
106, 005
121, 539
106, 990
13 224
1,050
13 192
1,376
12 192
623
11 151
634
11, 132
1,696
11, 680
931
11, 164
1,383
11, 594
1,263
12, 285
1,700
13, 179
1,256
13, 323
682
13,912
637
do
107, 701
112, 754
107, 281
95, 516
108, 914
118, 477
125, 137
125, 444
130, 903
129, 925 ' 120, 389
125, 267
do
do
do
do
175, 851
91 387
11, 290
25 575
186, 253
103 555
10, 523
21 567
196, 855
113, 724
10, 260
18, 407
204, 456
123, 204
11, 474
15, 240
207, 127
117,850
11, 578
15, 378
194, 869
107, 779
11,471
16, 993
183, 486
98, 503
11, 702
20, 752
175, 465
90,977
10,811
23, 856
169, 709
87, 458
10, 996
1
24, 210
166, 131
85, 118
11, 220
26, 182
164, 375
82, 878
10, 962
27, 437
157, 576
79,229
12,544
27, 894
2 629
1 529
1,558
1,208
1,274
1,996
1,535
1,389
1,874
1,818
1,589
1,807
.120
120
.120
.115
.113
.113
.110
.115
. 115
.120
.120
.120
Exports (motor fuel, gasoline, jet fuel)
do
Prices, gasoline:
Wholesale, refinery (Okla., group 3) dol. per gal
Retail (regular grade, excl. taxes), service stations, 54 cities
dol. per gal__
Aviation gasoline:
Production, total
thous of bbl
100-octane and above
do
Stocks, end of month, total
do
100-octane and above
do
Jet fuel:
Production
do
Domestic demandt
do
Stocks, end of month
do
Asphalt:©
Production
do
Stocks, refinery, end of month
do_ __
Wax:©
Production
do
Stocks, refinery, end of month
do
Asphalt and tar products, shipments:
Asphalt roofing, total
thous of squares
Roll roofing and cap sheet
do
Shingles, all types
do
Asphalt siding 71
_
Insulated sidingd
Asphalt board products
Saturated felts
4 423
2,880
10 396
1,043
do
do
thous. of sq ft
__shorttons_
1,116
1 904
.219
.217
.211
.218
.216
.215
.214
.214
.222
.221
.215
.211
8,985
5 965
13, 925
7,923
9,428
6 780
14, 868
8 521
9,305
7,023
14, 069
8, 139
8,652
5,889
14, 628
8,399
9,136
6, 375
14, 363
8,186
9,508
6,955
13, 628
7,891
9,625
6,448
12, 712
7,597
9,998
6,956
12, 273
7,591
11.024
8,120
11, 180
7, 186
12, 127
8,973
10, 183
6,570
11, 142
8,455
10, 564
6,846
10, 843
8,043
10, 778
7,077
4, 245
5 932
4,645
4,613
4 713
4,749
4,542
6 484
4,801
4,625
6, 859
4,451
5,697
7,603
4,488
6,556
8,839
4,981
6,506
6,780
5,494
6,480
8,890
5,752
6,314
8,278
6,004
6,551
7,260
6,253
7,061
8, 684
6,145
6,558
8,928
5,373
6, 107
8,996
4,703
10,463
4,047
11, 790
3,703
13, 269
4,498
14, 554
6,603
15, 698
8,451
15, 465
9,895
13, 953
10, 189
12, 294
10, 785
10, 256
10, 352
8,696
9,384
7,351
450
655
478
666
440
702
389
694
445
719
436
721
425
735
445
743
390
692
422
699
475
708
455
665
3,707
1,603
2, 104
2,594
1,078
1,517
2,975
1,226
1,748
2,500
1,066
1,434
3,546
1,510
2,036
5,159
2,088
3,070
6,347
2,353
3,994
6,235
2,279
3,957
5,681
2,165
3,516
7,489
2,811
4,678
6,079
2,485
3,594
5,865
2,377
3,488
3 855
1 472
2,383
80
115
1,308
65, 471
48
73
716
53,418
62
73
600
63, 344
54
67
517
53,406
56
108
840
77, 156
83
131
1,648
87, 330
92
157
1,582
102, 313
92
167
1,953
92, 877
90
178
2,373
75, 046
110
169
1,926
108, 623
114
197
1,865
85, 861
132
188
1,842
80, 302
96
113
1,153
66,111
r
,204
.206
PULP, PAPER, AND PRINTING
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
thous of cords (128 cu ft )
Consumption...
_
__
_ . _ . d o
Stocks, end of month
do
Waste paper:
Consumption
thous of short tons
Stocks, end of month
_ _
do
WOOD PULP
Production:
Total, all grades
thous. of short
Dissolving and special alpha
Sulfate
Sulfite
tons
do
do
do
Groundwood
do
Defibrated or exploded
_ _
do
Soda, semichem., screenings, damaged, etc._do
Stocks, end of month:
Total, all mills
do
Pulp mills __
do
Paper and board mills.
_ _ _
do.
Nonpaper mills
do
Exports, all grades, total
Dissolving and special alpha
All other
Imports all grades total
Dissolving and special alpha
All other
_. _ _
.
_
_
do
do
do
do
do
do. _
2 766
3,002
6,548
2 813
2,638
6,653
3 184
3, 063
6,768
2,801
2,714
6,878
2,789
2,953
6,700
2,394
2,846
6,226
2,568
2,840
5,953
2,632
2,788
5,810
2,646
2,640
5,793
3,153
2,994
5,995
3,043
2,934
6,120
r
r
T
678 8
488.3
645.2
523.2
689.8
516.2
667.7
493.4
706.5
495.2
711.2
507.0
726.0
489.2
723.7
476.7
686 6
488.4
781.0
445.6
785.2
429.4
r
1, 850. 6
87 0
1, 037. 3
208 8
1, 606. 1
67 4
872.9
191. 7
1, 853. 8
98 3
1, 016. 3
224.4
1, 677. 8
73 9
934.2
188.4
1, 809. 7
76.3
1,019.8
210.4
1, 731. 4
65.4
970.1
208.9
1, 741. 6
75.9
962.8
195.5
1, 729. 2
79.7
964.0
189.9
1,629. 6
64.9
919.3
166.7
1, 873. 8
75.7
1, 083. 6
182.7
237 0
94.0
186.5
227 1
82.1
164.9
247 5
96.2
171.1
234 1
89.4
157.7
244.4
94.8
164.0
243.5
84.4
159.1
252.9
93.5
160.9
235.0
95.9
164.8
222.9
96.7
169.1
243.1
101.8
186.9
234.5
102.8
189.9
904 9
239. 9
561.5
103 5
888 6
225.0
562.5
101. 1
889 5
250.2
542.2
97. 1
894 7
261.9
536.4
96.3
920 2
266.1
558.9
95. 1
919.6
276.5
547.4
95.7
929.5
283.5
550.8
95.2
944.4
293.1
560.2
91.2
912.4
276.0
i50.6
85.9
883.8
265.6
537.4
80.8
873.3
258.9
533.3
81.1
39 6
12.9
26 7
66.5
31.9
34 6
46 1
18.2
27 9
43 7
18.9
24 8
49.9
22.8
27 2
42.7
16.5
26.2
41.7
19.6
22.1
47.4
22.4
25.0
40.8
16.3
24.6
35.8
16.2
19.5
38.8
14.2
24.6
173 6
88
164.8
148 1
6.2
142.0
141 5
4.5
137.0
161 5
5 2
156.3
178 7
7.5
171.1
167.4
8.7
158.6
151.1
6.5
144.6
185.6
10.2
175.4
174.5
11.6
162.9
159.6
12.8
146.8
193 6
15.3
178.3
3, 407
3, 388
6, 103
2 871
3,066
5,918
805 4
«- 436. 9
726 9
441.8
1, 822. 6 r 2, 081. 6
72.1
88 4
1, 034. 3 '1,205.4
189.1 r 223. 5
1, 909. 1
84 7
1, 111. 7
197.8
258 3
104.8
201.4
235 7
93.8
185.5
888 8
272 0
' 533. 8
82 9
891 5
277.4
529.5
84,6
r
r
41 1
22.0
19 1
46 9
17.0
30 0
PAPER AND PAPER PRODUCTS
All paper and board mills, production:
T
2,518
2,504
2,372
2 536
2,500
2,299
2 528
2, 539
Paper and board total
thous of short tons
r
1,091
1,108
1,056
1,137
1, 112
1,127
1,050
1, 149
Paper
do
r
1,142
1,112
1,150
1,092
1,170
1,038
1.143
1, r184
Paperboard
do
11
11
12
12
13
13
11
13
Wet-machine board
do
257
252
239
199
224
'232
213
227
Construction paper and board
do
r
Revised.
*> Preliminary.
1 New basis effective July 1958; not strictly comparable with earlier data.
fRevisions for 1957 will
cants (January, March, April, June, August, and September); gasoline (January-September); jet fuel (January-May and September).
d"Data prior to 1957 will be published later.
2,700
2,355
2,653 rr 2, 914
2 645
1,149
1,018
1, 253
f 1, 116
1, 151
1,072
1,260
1,249 T 1, 362
1,239
13
12
' 14
10
12
278
276
255
-•285
243
be published, later for indicated items as follows: LubriOAsphalt—5.5 bbl.—1 short ton; wax—1 bbl.—280 lb.
SURVEY OF CURRENT BUSINESS
January 1959
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of Novem- DecemBUSINESS STATISTICS
ber
ber
S-37
1958
January
February
March
May
April
June
July
DecemOctober NovemAugust September
ber
ber
PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS— Continued
Paper, excl. building paper, newsprint, and paperboard
(American Paper and Pulp Association):!
Orders new 9
thous of short tons
Orders unfilled end of month 9
do
Production
do
Shipments 9
do
Stocks, end of month 9
do
Fine paper:
Orders, new
do
Orders unfilled end of month
do
Production
do
Shipments
do
Stocks, end of month
do
Printing paper:
Orders, new
do
Orders unfilled end of month
do
Production
do
Shipments
do
Stocks, end of month
do
Price, wholesale, book paper, "A" grade, English
finish, white, f o b mill
dol. per 100 Ib
Coarse paper:
Orders, new
thous. of short tons
Orders unfilled end of month
do
Production
do
Shipments
do
Stocks, end of month
do
Newsprint:
Canada (incl. Newfoundland):
Production
do
Shipments from mills
do
Stocks at mills end of month
do
United States:
Production
do
Shipments from mills
.. do
Stocks at mills end of month
do
791 7
602 2
981 8
775 3
546 3
783 0
581 2
994 5
806 2
550 0
803 0
623 1
966.3
805 2
518.2
815 4
665.2
953.8
792.1
528.3
801 0
696 0
891.6
740 0
522.5
829 4
715.0
1, 007. 5
841.4
514.6
r
r
r
r
r
120 9
75 9
123 0
115 4
131 1
124
70
136
124
130
120
71
132
122
139
9
7
8
3
2
127.0
73 3
131.2
125 5
138.7
126.0
78.1
129.0
125 9
146.7
130.9
93.2
110.5
117 7
143.8
118.1
74.9
130.9
122.4
123.9
r
323 6
368 5
315 1
308 0
217 3
316.2
334 9
334 8
308 5
240.1
338 1
354 6
342 8
345 6
237 3
344. 1
397 5
348.3
345 9
218 5
363.2
433 8
338. 9
339 4
217.9
336.8
432 7
314.3
311 2
221.0
340.9
461.5
347.8
347.6
221.2
r
T
r
r
1
6
1
2
6
827
652
997
824
507
4
0
2
5
6
760
599
912
740
508
114.0
64 5
127 0
118 7
125 0
107 1
59 4
124 0
113 8
130 0
122
66
128
124
130
8
9
9
0
7
321.5
395 5
330.9
331 5
215 9
330
421
314
320
209
343
418
342
342
210
6
7
9
6
2
765
636
974
803
513
0
5
6
2
5
770
664
954
764
520
6
7
3
2
9
8
5
2
6
7
8
3
3
8
5
897 4
805 9
647 1
679 3
984. 6 1, 087. 1
892.4
796 1
504. 6
539.3
108. 2
65 5
133. 2
111 0
116. 9
129.3
69.6
143.2
127 8
129.8
320. 8
398 7
328. 1
324. 3
r
225. 1
352.6
409.4
354.0
351.7
227.4
r
r
r
r
p 15. 95
15.88
15 88
15 88
15 88
15.95
15 95
15.95
15.95
15. 95
15.95
15.95
15.95
283.2
137 5
308 9
304 4
113.0
281
137
282
282
115
3
9
9
4
6
312.2
130 1
304 6
306 6
111 6
273
120
280
275
109
5
3
1
5
7
299.4
132 5
300 3
296 1
113 4
277.0
119 8
297 4
288 3
115 3
285.2
115 4
279 7
288 8
103 3
282.8
119 3
281 5
281 2
107. 1
283.9
128 3
269 5
263 2
101 3
317.1
134. 9
314.3
315.6
103.5
»• 323. 5
309 2
r r307. 2
96. 7
356.1
151.5
347 5
351.7
104.4
504 9
520 5
168 6
435 3
471 4
132 5
498 3
474 8
155 9
473 8
435 2
194 6
521 8
471 1
245 2
522 6
532 7
235 1
548 0
561 4
221 8
482 5
480 6
223 6
508 4
523 2
208 8
511.0
491.9
227.9
490.8
495.3
223.3
544. 1
555. 1
212.3
518.1
527.7
202.7
140.4
143.1
15.7
138 7
135 1
19 3
157 0
158.8
17 6
140 4
138.7
19 3
148 4
151.0
16 7
148 6
149.2
16 0
149 0
146 7
18 3
141 8
138.6
21 5
134 9
137.8
18 6
148.5
142.0
25.1
137.2
139.7
22.6
154.8
158.7
18.6
152.6
150.6
20.6
453.0
436 3
385 9
364 7
434.4
423 3
438 0
409 2
364 5
387.6
413.0
470.0
465.2
722.9
675 0
710 1
719 7
689.8
694 9
683 2
667 8
698 1
724.4
697.2
655.3
632.8
406 9
Imports
do
Price, rolls, contract, delivered to principal ports
134. 40
dol. per short ton
Paperboard (National Paperboard Association) :
Orders, newj
thous. of short tons__ 1, 135. 1
355.2
Orders, unfilled, end of month
do
1, 245. 5
Production, total!
do
92
Percent of activity
Paper products:
Shipping containers, corrugated and solid fiber,
shipments J
mil. sq. ft. surface area.. 8,065
Folding paper boxes, index of physical volume:*
117.7
Consumption of boxboard
1947-49=100122.2
Shipments of boxes
__
- do
PRINTING
1,408
Book publication, total
number of editions
1,176
New books
do
232
New editions
do_ __
403 7
399 5
369 8
391 8
421 0
416 7
422 3
411 6
367 7
391 6
134 40
134 40
134. 40
134. 40
134 40
134 40
134 40
134 40
134. 40
1, 090. 0 1, 047. 9 1, 059. 9
376.2
340.8
363.0
1,057 2 1,081 7 1,044 3
79
80
86
1, 173. 7
351.9
1,171.2
87
1, 113. 9
365.2
1,112 9
84
1, 175. 6
348.6
1 163 5
85
1, 147. 3
356.5
1, 125 6
86
1, 130. 3
465.5
1 033 2
76
1, 247. 7
407.3
1, 284. 4
93
Consumption by publishers^
_ do
Stocks at and in transit to publishers, end of
monthcf
thous. of short tons
1
1
6,825
7,697
7,013
7,483
7,543
7,944
7,690
7,833
8,738
115.8
121.9
128.4
122.8
129.4
115.5
131.7
124.2
129 3
116.6
120 5
120.5
126 3
120.7
139 7
118.8
128.0
129.7
1,271
1,043
1
228
579
478
101
1,051
821
230
1, 302
1,1 087
215
1,109
883
226
1,151
921
230
1, 344
11 137
207
972
752
220
679
552
127
1
1
1
1
rr 139. 6
134. 40
134. 40 v 134. 40
1, 299. 7 1, 389. 8
482.8
427.6
1, 247. 6 1, 398. 8
90
95
9,008
r
1
1, 215. 7
369.6
1, 270. 3
92
1, 240. 0
405.3
1, 203. 5
81
7,949
9,861
8,091
' 138. 5
139. 3
117.8
118.8
1,1 023
871
1
152
1,217
1,007
210
1,307
1,092
215
48, 957
77 859
43, 101
74 969
134.4
133. 4
r
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
long tons
43, 723
Stocks, end of month
do
98, 224
Imports, including latex and guayule__
...do __ 44, 583
Price, wholesale, smoked sheets (New York)
.265
dol. per lb._
Synthetic rubber:
Production _
_
longtons__ 106, 030
Consumption
.
do
75, 132
Stocks, end of month__
... do
177, 967
Exports
do
16 549
Reclaimed rubber:
Production
__
do
Consumption
_
do
Stocks, end of month
do
TIRES AND TUBES
Pneumatic casings:
Production
__
thousands
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)
_
_
_
22 286
20, 545
27, 855
38, 203
101, 401
53, 922
42, 597
104, 979
45, 564
36, 711
110 880
46, 017
38, 191
112 863
40, 444
36, 608
107 897
34, 930
36, 014
100 985
32, 061
37, 607
91 779
28, 279
34, 235
85 577
25, 823
39, 444
85 666
39 057
44, 814
82 6£2
41, 343
.285
.275
.263
.266
.269
.253
.263
.281
.288
.294
779
386
585
620
102, 716
72, 625
210, 397
19 082
81, 755
64 230
208, 914
14 565
83, 641
66 040
209, 468
20 512
73, 757
66 613
199, 226
15 780
76, 411
66 304
191, 929
19 222
74, 050
69 806
183, 721
15 308
77, 083
63 865
181, 524
14 844
87, 321
71 762
183, 921
12 873
90, 979
78 461
182, 840
13 100
20 286
18, 229
29 323
21 945
21, 186
29 569
19 017
18 130
28 838
20 225
19 300
28 984
20 735
19 746
29 440
19 567
20 104
27 862
21 220
20 652
27 763
18 122
18 350
26 442
22 432
19 347
27 961
7 477
7 653
8 293
7 288
103,
67,
198,
19
r
.313
100,
88
178,
17
.324
981
015
534
151
102, 496
79 013
183,511
17 078
22 596
21 771
26 676
26 523
23 563
27 340
22 396
21 271
27 680
7 762
8 277
9 344
8 393
7 848
1 055
6 679
115
7 912
1 442
6 365
105
8 454
1 838
6 476
140
7 788
3 369
4 320
100
8,248
7 615
7 814
7 314
7 573
do
do
do
do
7,171
3 398
3,630
143
6,560
3 070
3,342
148
8 271
2 653
5 511
107
6 737
2 253
4' 374
110
7 543
2 114
5' 334
95
8 175
1 876
6 183
116
8 503
2 173
6 220
110
9 231
1 932
7 182
117
9 573
2 020
7 442
111
do
do
22 171
142
23 225
163
222 769
161
23 2392
97
23 446
' 2 91
22 658
'2 93
21 834
2 gg
20 920
'2 89
18 615
2 71
18 521
2 in
18 925
2 109
19 913
2 86
20 403
2 us
do
do
do
do
3 243
2,736
7 444
83
2 778
2 717
7 671
84
3 344
4 309
63 700
132
3 444
3 296
6 983
3 76
3 685
3 764
7 066
'3 73
3 624
3 243
7 609
3 70
3 530
3*035
8 189
3 go
3 476
3 602
8 156
3 77
2 890
3*466
7 680
3 67
3 305
3 331
7 664
3 108
3 390
3 498
7 657
'3 69
3 768
3 567
7 869
s 77
3 319
2 899
8 372
3 71
.299
/ Revised.
v Preliminary.
1 Data cover 5 weeks; other months, 4 weeks.
2 D a t a for motorcycle tires are excluded beginning January 1958.
3 Data beginning January 1958 include
all inner tubes, new or used, except aircraft; earlier data include only automotive tubes (passenger-car, truck, and bus). Exports of types included in 1958, but formerly excluded, averaged
14,000 per month in 1957.
9 Data exclude estimates for "tissue paper."
d" As reported by publishers accounting for about 75.5 percent of total newsprint consumption in 1957.
{Revisions
for paperboard (1954-1957) appear on p. 20 of the November 1958 SURVEY; those for shipping containers (January 1955-February 1957) will be shown later.
*New series, replacing indexes of
value of orders entered and shipments billed (see p, 20 of the November 1958 SURVEY for data back to January 1947).
§M ay-October 1958 data adjusted to new levels; not necessarily comparable for
with
earlier data.
Digitized
FRASER
SUEVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
January 1959
1957
1958
Novem- December
ber
January
February
March
April
May
June
July
Novem- DecemAugust SeptemOctober
ber
ber
ber
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
25,014
22, 386
18, 230
14, 125
18, 038
24, 001
29, 274
30, 078
29, 833
31, 675
31, 597
32 847
28 031
21, 039
17, 023
13,717
10, 968
17, 686
25, 566
30, 770
30, 513
32, 536
34, 432
35, 031
36, 880
24 758
23, 187
11 326
28, 566
14 776
33, 235
19 168
36, 383
24 526
36, 734
28 235
35, 170
28 409
33. 673
26 587
33,350
24 372
30, 646
22 561
27, 883
18 872
24, 445
15 360
Brick, unglazed (common and face):
Production cf
thous. of standard brick
546, 121
Shipments d*
- - do_ _ _ 488, 394
Price, wholesale, common, composite, f. o. b. plant
dol. per thous _ 30. 816
473, 036
393, 731
408, 100
347, 749
338, 619
269, 485
422, 800
436, 589
541, 649
569, 075
587, 322
598, 554
580, 880
616, 518
591 853
618 355
612 536
634, 767
632 660
660, 720
31. 069
30. 904
30. 904
30. 951
30. 951
30. 951
30. 951
30. 925
30. 925
30. 927
168 585
183, 977
Production, finished cement
Percent of capacity
Shipments, finished cement
Stocks, end of month:
Finished
_
Clinker
-
--
thous. of bbl
_ _
thous. of bbl
do_
do
84
73
59
50
58
79
92
98
90
95
98
98
86
' 20 415 23 688
' 12 494 11 933
CLAY PRODUCTS
Clay sewer pipe and fittings, vitrified :cf
Production
Shipments.-- __
__
_
Structural tile, unglazed: of
Production
_
Shipments
short tons
_ do _
145,230
117, 111
123, 524
87, 927
133, 193
100. 950
108, 154
72, 335
117, 507
114, 563
117, 536
142, 501
144 005
155, 448
149 773
165,812
162 066
175 751
166 901
182 345
_ ___ do. _
do
48, 631
44, 625
45, 634
38, 354
43, 741
37 783
35, 115
30 716
40, 822
41, 392
50, 131
48 889
51, 763
52 750
52, 460
52 251
58, 977
57 257
56, 680
50 781
661 218
695, 549
30. 927 v 30. 950
182 976
189 642
54 190
' 53, 312
' 47 960 54 350
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments (qtrly. total)*
thous. of dol_ .
Sheet (window") glass, shipments
do
Plate and other flat glass, shipments
do_ .
Glass containers:
Production
thous. of gross
Shipments, domestic, total
_
do
General-use food:
Narrow-neck food
do
Wide-mouth food (incl. packers' tumblers, jelly
glasses, and fruit jars)
thous of gross
Beverage
Beer bottles
__
Liquor and wine
Medicinal and toilet
Chemical, household and industrial
Dairy products
_
Stocks, end of month
69, 299
33, 761
35, 538
47, 217
22, 545
24, 672
44, 121
21, 116
23, 005
57, 596
27 497
30, 099
11, 457
10, 767
11.714
10, 899
12,216
11, 158
12, 201
12, 721
12 707
13 453
12, 597
' 13, 299
11, 954
9.294
10, 644
10, 546
11,015
10, 914
12, 275
12, 176
12, 042
13 716
13, 299
' 12, 757 10 562
1,232
2 007
2,369
1,407
927
4 520
4,271
3 867
3 224
594
994
462
811
664
686
593
639
1,085
779
941
889
996
1,082
1,157
1,198
3,386
2,669
3,272
2,773
3,181
3,210
3 511
3 615
3 932
594
765
903
546
986
894
582
965
1,446
559
788
855
696
966
939
1,018
2,891
1,195
2,929
1,079
1,045
2,727
1,498
1, 155
2,812
1,039
1,096
1,467
1,159
2,555
do
do
do._ _
do
- do
do
1,441
3,414
1, 035
234
740
154
do
16, 580
17, 834
2,517
2,891
947
152
18, 051
832
138
18, 196
932
139
19, 132
947
128
19, 027
1,260
980
2,569
137
945
141
994
136
18, 825
19, 145
19, 512
1,144
3,161
1,077
219
18, 927
1,227
2,915
1,052
192
17, 971
11 533
' 1, 575
3 330
1,052
1,317
2 814
176
889
159
18 203
18, 968
GYPSUM AND PRODUCTS
Crude gypsum, quarterly total:
Imports
Production
thous of short tons
do
Calcined, production, quarte r ly total
do
Gypsum products sold or used, quarterly total:
Uncalcined uses
short tons
Industrial uses
do
Building uses:
Plasters:
Base-coat
do
All other (incl. Keene's cement) _
do
Lath
Wallboard
All other©
_ _ _ _ _ _
_ __
mil of sq ft
d o _ _.
do
827
1,061
2,279
1,970
1 117
2,352
1,067
2,680
1, 862
1,790
1,894
2,285
<"868,667
76, 674
594, 437
63, 622
911,611
56, 424
920, 082
68, 291
323, 847
303, 223
293, 050
262, 112
331, 536
302, 432
375, 606
339, 607
529 3
1, 060. 2
51 0
496.3
1, 093. 0
i 37.9
494.5
1, 134. 4
154 6
620.4
1, 371. 4
i 60 7
TEXTILE PRODUCTS
APPAREL
Hosiery shipmentst
Men's apparel, cuttings:fA©
Tailored garments:
Suits
Overcoats and topcoats
thous of dozen pairs
13, 036
9,773
11, 696
11,056
11, 667
10, 723
9,891
11,317
11, 303
13, 718
14, 099
15, 830
13,474
thous. of units
do
1,336
'272
1,392
' 196
2 1, 670
'2215
1,436
'216
1, 352
'280
2 1, 665
'2450
1,416
'500
1,348
'508
21,095
'2425
1,516
'568
1,328
'476
21,750
' 2 505
1,560
340
780
5,616
624
4, 94-1
2760
2 5, 275
540
4,792
460
5,040
2640
2 5, 445
724
4,976
852
4,844
2685
2 4, 635
844
4,872
704
4,720
2775
2 5, 455
824
4,884
1,624
1,328
2 1, 830
1,676
1,844
2 1, 655
1,576
1,524
21,395
1,676
1,652
2 1, 965
2,036
200
336
136
264
2210
2335
232
288
256
288
2225
2310
244
292
240
268
2225
2235
256
288
256
320
2310
2385
256
296
2,148
18, 140
783
1,426
16, 234
677
2,256
21, 749
1,102
2,371
22, 457
1, 277
2,232
20, 127
998
1,127
26, 844
556
1,058
24, 143
332
1,802
21, 126
949
2,661
19, 778
1,024
2,620
20, 319
1,018
2,649
20, 591
829
3,030
22, 540
902
2,269
19, 882
987
Coats (separate), dress and sport*
do
Trousers (separate), dress and sport _ _ do
Shirts (woven fabrics), dress and sport
thous. of doz__
Work clothing:
Dungarees and waistband overalls
do
Shirts _
_- do
Women's, misses', juniors' outerwear, cuttings:A©
Coats
thous. of units__
Dresses
_
do _
Suits ._
do
1,339
1,221
1,155
923
707
1,111
1,100
1,403
1,219
1,268
1,266
1,251
1,072
Wiists blouses and shirts
thous of doz
550
530
805
422
636
588
672
795
583
690
828
Skirts*
_
__-do___.
600
700
r
2
Revised.
» Preliminary.
* Excludes data for tile.
Data cover a 5-week period.
d"Revisions will be published later as follows: 1954 (annual data only); 1955 (annual and monthly); 1956 (January-August); 1957 (January-August) for brick and tile (data through 1956
not strictly comparable).
*New series; from Bureau of the Census. Data for earlier periods of 1957 appear in corresponding note in the October 1958 SURVEY.
O Comprises sheathing, formboard, tile, and laminated board.
tExcludes shipments of men's slipper socks. Comparable data for January-March 1957 appear in the June 1958 SURVEY.
IData for January, April, July and October 1958 cover 5-week periods and for other months, 4 weeks.
ARevisions for 1955-57 are available upon request.
©Estimates beginning December 1957 for men's apparel and January 1958 for women's, etc., are based on revised samples and are not strictly comparable with those for earlier months. December 1957 men's cuttings (old basis) in order and units as above: 1,428; 208; 672; 5,328; 1,412; 128; 288. No overlap is available for women's, etc.
"Revisions for 1957 (short tons): 1st quarter, 676,220; 2d, 791,371; 3d, 803,128.
SURVEY OF CUEEENT BUSINESS
January 1950
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of Novem- DecemBUSINESS STATISTICS
ber
ber
S-39
1958
January
February
March
April
May
June
July
DecemOctober NovemAugust September
ber
ber
TEXTILE PRODUCTS—Continued
COTTON
Cotton (exclusive of linters) :
Production:
Ginnings§
_
thous. of running bales..
8,032 1 9, 234 2 10, 630
1,009
3 10, 880
213
2,627
Crop estimate, equivalent 500-lb. bales
thous. of bales. _ r
3
10,
964
Consumption f
_ bales 651, 599 r569 873 rS797,774 r639 471 r 629, 665 r8729,955 r600 256 r595 408 r6613 950 638 767 647 894
Stocks in the United States, end of month,
r
totalf
thous. of bales _ r' 17, 594 16, 454 15, 160 14, 086 12, 992 11, 784 10, 661
9,672
19, 561
8 737
18 410
17, 547
Domestic cotton, total
do
14 032
16 398
9 635 r 8 702 19 464
15 098
11 742
10 620
12 944
18 308
r
4,
796
On farms and in transit ... __
_ _ _ do
434
729
493
291
2,283
1,256
738
715
11 206
9 710
r
Public storage and compresses
do
11,330
12 549
12 147
7 221
11 517
9 326
8 409
6 782
7 528 r 6 825
10 491
Consuming establishments. _
_ _ _ do _. r 1, r421
1, 565
1,724
1,586
1,673
1 695
1,728
1,719
1 476
1 701
1 377
Foreign cotton, total
_- _
_ do_ __
47
54
57
62
42
35
37
48
40
97
101
ExportsA
-- - bales. 525, 502 608, 635 516, 805 449, 626 480, 138 500, 932 535, 180 433, 434 469, Oil 208,811 211 910
27, 718
1,974
2,276
913
4 279
1 812
3,859
36, 670
6 418
Imports A
--- do
23 400
84 892
Prices (farm), American upland
cents per lb__
31.1
28.2
27.4
24.9
29.1
29.1
26.1
27.9
30.8
33.2
34.5
Prices, wholesale, middling I", average 14 markets
cents per lb__
34.3
34.9
34.9
34.6
34.8
34.8
34.5
34.6
34.7
34.8
34.7
Cotton linters:
r
r
6
Consumption
thous. of bales
103
91
82
99
99
86
89
75
66
85
88
49
178
Production Ac?
do_ 119
35
94
156
34
156
96
69
43
r
r
r
r
r
r
r
844
937
829
909
943
894
785
876
Stocks end of month Ac?
do
959
680
678
COTTON MANUFACTURES
Cotton cloth:
Cotton broadwoven goods over 12 inches in width,
production, quarterly A-- -- - -.mil. of linear yd
Exports.- _ __
thous. of sq. yd_ _
Imports
-^
do
Prices, wholesale:
Mill marginsf
cents per lb__
Denim, white back, 28-inch, 8 oz/yd_ .cents per yd
Print cloth, 39-inch, 68 x 72
do
Sheeting, class B, 40-inch, 48 x 44-48
.-do
Cotton yarn, natural stock, on cones or tubes:
Prices, wholesale, f. o. b. mill:
20/2, carded, weaving
dol. per Ib
36/2, combed, knitting
do. __
7,316
8
10, 216
672 838
17 528
17 427
5 916
10 205
r
1,r 305
102
16, 431
16 339
3 092
11 861
1 386
181, 452
313, 762
33.3
32.4
30.3
34.8
34.8
34.4
8
104
r
217
r
90
92
782
178
827
2,324
45, 303
11 771
40, 763
13 182
45, 246
11 178
2,341
45, 043
11 860
57, 650
9 172
46, 823
14, 732
'2, 202
37, 393
13 610
29, 232
15 224
43 500
10 350
2,105
39 109
11 419
41, 629
38, 729
22.36
36.4
15 1
15.5
22.81
36.4
15 4
15.8
23.44
36.4
15 5
15 8
23.26
36.4
15 1
15.8
23.11
36.4
15 0
15 8
22.75
36.4
14 8
15 5
22.00
36.4
14 7
15.4
21.71
36.4
15 0
15. 1
21.65
36.4
15 0
15.0
22.30
36.4
15 4
15.5
22.24
36.4
15 4
15 8
22.16
36.4
15 4
15 8
23.36
P36.4
p 15 6
v 16.1
.660
.941
.670
.957
668
662
657
657
657
661
661
.955
.945
.937
.657
.931
657
.957
.933
.933
.935
.933
.931
v 661
v 931
thous__ «• 19, 767
do
18 133
19, 730
18 144
19, 606
17 950
19, 615
17 945
19, 367
17 682
19, 208
17 602
19, 210
17 625
18, 991
17 443
19, 230
17 501
19. 268
17 541
19, 251
17 641
19, 279
17 650
19, 269
17 611
Spindle hours operated, all fibers, total.. .mil. of hr.- r 8, 984
' 449
Average per working day.__ __ - _ _
do
8,231
Consuming 100 percent cotton
do
7,951
8
11, 045
8,843
8,643
10, 221
8,154
8,303
8
8, 791
8,777
8,870
8
11, 447
9,180
7,309
8
10 199
8 161
7 984
7 503
7,637
8
8 048
8 070
8 190
8
10, 496
8,389
Spindle activity (cotton system spindles) :!A
Active spindles, last working day, total
Consuming 100 percent cotton
398
442
442
8
432
5
409
9 451
408
415
352
439
444
10 878
11 581
833 366
49, 519
7,704
670
1
4
r
458
25.06
459
MANMADE FIBERS AND MANUFACTURES
Fiber production, quarterly total 9 ©_ . __ mil. of lb_
Rayon and acetate: Filament yarn. -_
_do_ _
Staple plus tow©
_ do
Noncellulosic (nylon, acrylic, protein, etc.).- do
Exports: Yarns and monofilaments
Staple, tow, and tops. _
Imports: Yarns and monofilaments
Staple, tow , and tops.
445.3
173.9
113 4
133.5
thous. of Ib
_ do_ _.
do
do
5,958
6,499
6,991
5,795
Rayon and acetate:
Stocks, producers', end of month, total©. .mil. of lb_.
Filament yarn
_
do
Staple (incl. tow)©
_
do
124.8
70.1
54.7
130.4
71.8
58 6
124.2
69.9
54 3
.910
.311
.910
.311
.838
.311
Prices, rayon, viscose:
Yarn, filament, 150 denier
Staple, 1.5 denier
__
dol. per lb__
do
1,680
3,123
194
Manmade-fiber broadwoven fabrics:
Production, quarterly total 9 A- -thous. of linear yd__
Rayon and acetate (excl. tire fabric)
_ do _
Nylon and chiefly nylon mixtures
do
Exports, piece goods
_.
thous. of sq. yd.
SILK
Imports, raw
thous. of lb._
Price, raw, A A, 20-22 denier _ .
_ dol. per Ib
Production, fabric, qtrly totalA thous. of linear yd
2 405
1,868
3 153
2,588
114
134
549
12, 540
570
4.34
4 33
5 401
Wool consumption, mill (clean basis) :1A
Apparel class
thous. of lb__
Carpet class
do
13, 551
8 122
12, 886
7 579
Wool imports, clean content
_
Apparel class (dutiable) , clean content
11, 369
4,416
11, 334
4,253
678
' 7 57. 4
730.9
4 233
1 859
4 078
2 562
3,750
1,986
3 565
2,246
7
7
52. 6
30.2
2,842
1,862
8,011
6,267
6,583
5,772
7,224
6,870
4,548
126.2
69.9
56 3
126.7
69.8
56 9
126.1
69.9
56 2
122.7
69.6
53 1
118.6
67.3
51 3
117.8
66.0
51 8
111.5
61.3
50 2
108.9
60.6
48 3
' 104. 3
••59.2
45.1
98.0
55.7
42 3
.838
.311
.838
.311
.838
.311
.850
.311
.850
.311
.850
.311
.760
.311
.760
.311
.760
.311
P. 760
P. 311
15, 914
12, 238
3.72
P 3 69
21, 001
14, 224
17, 418
12 444
155
3 282
1,811
191
140
161
13, 006
231
14,288
17, 686
242
4 32
4 31
4 24
6 186
17, 335
10 121
15, 422
8 664
15, 586
8 434
3 397
1,491
3 326
1,849
275
139
287
574, 525
413, 942
69 228
567, 357
385. 239
81 639
13, 572
391 1
162.0
81.3
122.0
4 732
1,540
2 917
1,653
577, 022
375, 025
92 317
14, 274
347 7
144.4
66 3
113.6
370 9
161.9
78 9
108 1
193
14, 061
373
579, 319
412, 639
71,213
9,379
12, 146
304
228
4 27
4 27
3 93
5 775
18, 719
7 608
16, 965
5 866
18, 605
6 498
264
11,898
422
11,870
259
4 27
4.27
4.20
6,001
20, 480
7 382
18 630
9 913
18, 114
11 446
WOOL
do
do
5
5
8
8
8
8
8
8
12 979
13 106
14 834
11 288
12 536
18 274
17 115
11 667
5,032
6.116
8,029
5.540
6.508
7.548
5.390
4.119
r
2
4
Revised.
*> Preliminary.
1 Ginnings to December 13.
Ginnings to January 16.
3 Total7 ginnings of 1957 crop.
December 1 estimate of 1958 crop.
• Data cover a 5-week
6
period.
Beginning August 1958, data are for 4- and 5-week periods; earlier data, calendar months.
Data are for month shown.
§Total ginnings to end of month indicated, except as noted.
IfData for January, April, July, and October 1958 cover 5-week periods and for other months, 4 weeks; cotton stocks and number of active spindles are for end of period covered.
ARevisions for 1955-57 are available upon request.
c?Data beginning October 1958 for production of linters and for that part of stocks "at oil mills" are in thousands of equivalent 600rjound bales (earlier data in thousands of running bales). October 1958 figures comparable with data shown through September (thous. of bales): Production, 208; total stocks, 777.
t Revised series. Calculation of mill margins revised (back to August 1954) to incorporate prices for expanded selection of 20 types of more widely used cloths and to reflect raw cotton
prices for 4 areas of cotton production; prior series calculated from 17 cloth prices and raw cotton prices for Memphis territory growth only.
9 Includes data not shown separately.
©Beginning January 1958, data exclude all figures for acetate staple plus tow. (It should be noted that for 1954-57, data as published for staple and tow exclude the greater part of acetate
tow for cigarette filtration purposes.) For years 1955-57, production of acetate staple plus tow (included in total staple through 1957) averaged 14.1 mil. Ib. per quarter.
17 731
6.659
SURVEY OF CUERENT BUSINESS
S-40
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of Novem- DecemBUSINESS STATISTICS
ber
ber
January 1959
1958
January
February
March
May
April
June
DecemAugust SeptemOctober November
ber
ber
July
TEXTILE PRODUCTS—Continued
WOOL AND MANUFACTURES
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
Graded territory,
fine
dol. per lb_.
Graded fleece, 3/8 blood
do
Australian, 64s, 70s, good topmaking, in bond_._do
Knitting yarn, worsted, 2/20s-50s/56s, Bradford svstem,
wholesale price J
1947-49=100
Woolen and worsted woven goods,
except woven felts:
Production quarterly total c/1
thous oflin yd
Apparel fabrics total
do
Other than Government orders total
do
Men's and boys'
do
Women's and children's
do _
Prices, wholesale, suiting, f. o. b. mill:
Flannel men's and boys'
1947-49=100
Gabardine, women's and children's
do _ _ _
1.500
1. 188
1.425
1.438
1.115
1.325
1.400
1.070
1.275
1.375
1.021
1.275
1.250
.938
1.238
1.135
.847
1.225
1.150
.836
1.225
1.150
.882
1.225
1.130
.875
1.195
1.125
.875
1.175
1.125
.875
1.175
1.125
.843
1.075
1.125
.849
1.025
104.7
99 8
97.3
96.0
93.5
91.5
86.0
94.8
94.8
93.5
93.5
91.0
88 5
106.7
89.1
104.5
89.1
115.2
100.4
115.2
100.6
72 029
69, 921
68 784
29, 913
38, 871
61,490
58, 780
58, 391
27, 442
30, 949
61 267
58, 025
57 366
25, 895
31,471
115.2
103.9
114.1
103.9
114.1
103.9
114.1
97.3
111.9
97.3
111.9
97.3
1.125
915
1.025
70 058
67, 530
65 764
25, 359
40, 405
108.6
97.3
106.7
97.3
106.7
90.8
TRANSPORTATION EQUIPMENT
AIRCRAFT
Manufacturers of complete types:
Aircraft, engines, propellers, parts, etc.:
3,222
Orders new (net) quarterly total
mil. of dol
3 133
Sales (net) quarterly total
do
14, 531
Backlog of orders total end of quarter
do
8,942
For U. S. military customersc?
do
Civilian aircraft:
62,311
44,
856
47,
213
Shipments
thous. of dol .
1, 480. 8 1, 430. 8 1,909.9
Airframe weight
thous. of Ib
65, 046
1,891.4
35, 133
1, 313. 2
48, 678
1,635. 8
37, 617
1,356. 6
26, 421
1,093. 1
41, 587
1,418.7
30, 776
1, 106. 0
24, 401
855.2
Exports (commercial and civilian) 0cf
r
2,264
2, 866
13, 722
8,011
2,651
2,858
14, 324
8,694
2,112
2,717
13, 117
7,212
49,328
34, 881
1, 545. 6 1, 107.1
17, 647
14, 340
22, 652
27, 971
19, 535
16, 655
18, 887
10, 966
20, 086
26, 113
13, 279
8,064
number
_
do
do
do _
do
_ _ _ do
do
678, 598
642, 856
558, 533
467, 553
433, 474
396, 725
427, 620
412, 982
381, 814
250, 466
149, 261
342,369
583, 783
560, 141
94, 574
78, 928
555, 242
536, 369
87, 327
72, 030
478,416
462, 674
79, 790
64, 020
396, 221
383, 516
71, 024
53, 988
359, 464
346, 297
73, 668
57, 637
322, 482
308, 904
73, 899
56, 042
352, 076
340, 599
75, 303
58, 509
342, 228
334, 311
70, 663
56, 019
316, 408
310, 001
65, 048
50, 454
194, 974
192, 770
55, 227
47, 030
102, 687
98, 009
46, 358
34, 232
272, 241
263, 491
69, 979
55,905
do
- __do _
do
do
do
30, 324
16, 000
14,324
26 946
26 174
34, 502
19, 628
14, 874
31,319
30 429
28, 752
14, 922
13, 830
37, 698
36 762
23, 374
12, 551
10, 823
30, 469
28 944
27, 791
13,475
14,316
36, 881
35, 590
27, 126
12, 402
14, 724
38, 073
36 465
30, 280
13, 695
16, 585
36, 355
34 981
20, 815
9,714
11, 101
30, 117
28 835
24, 401
9,415
14, 986
45, 212
43 550
15, 284
5,060
10, 224
36, 875
36 020
15, 243
7,425
7,818
36, 170
34 592
14, 755
6,546
8,209
18, 873
11,333
7,540
4,142
3,787
2,050
3,780
3,460
1,891
3, 567
3,282
1,774
3,324
3,071
1,664
3,563
3,330
1,620
3,716
3,465
1,690
4,009
3,722
1,826
3,897
3,628
1,779
3,976
3,742
1,785
4,113
3,814
2,031
4,728
4,386
2,384
4,982
4,720
2,816
4,412
4,154
2,430
408, 534
61, 920
512, 136
62, 160
381, 932
52, 368
333, 580
49, 136
400, 501
55, 450
418,255
63, 403
423, 484
63, 238
7,260
4,033
3,915
3, 227
6,507
3, 802
3, 469
2,705
7,371
4,988
4, 836
2,383
5,511
3,721
3,526
1,790
6,072
4,592
4,426
1,480
5, 311
3,778
3,630
1,533
3,588
2,218
2,164
1,370
2,407
1,179
1,179
1,228
2,113
1,080
1,080
1,033
2, 151
1,276
1,276
875
2,229
1,086
1,744
1,143
1,052
937
2,763
1,584
1,442
1,179
1,088
401
287
193
278
26
871
771
0
1, 002
1,665
1,623
1,538
42
'681
811
376
1,873
100
187
187
811
79
178
178
1,370
1, 319
1,319
51
317
113
3, 467
3,088
3, 064
379
'60
6,525
4,628
4,398
1,897
3,830
2,028
2,028
1,802
60, 238
25, 442
24, 398
34, 796
56, 676
24, 496
23, 761
32, 180
49, 370
19, 797
19, 214
29, 573
44, 138
16, 276
15, 888
27, 862
32, 982
8,232
8,158
24, 750
30, 406
6,975
6, 955
23, 431
27, 777
5, 444
5,424
22, 333
26, 449
5,149
4,694
21, 300
26, 166
4,739
4, 184
21, 427
25, 524
5,221
4,679
20, 303
24, 059
4,648
4,259
19,411
28, 167
7,996
7,791
20,171
27, 659
8,467
8,404
19, 192
5
37
39
16
20
0
3
10
4
8
thous. of dol
9,767
MOTOR VEHICLES
Factory sales, total-..
_.
Coaches, total
Domestic
Passenger cars, total.. Domestic
Trucks, total
Domestic
_.
Exports totalcf
Passenger cars (new and used) cf
Trucks and buses
Imports (cars trucks
buses) total*
Passenger car*3 (new and used)*
-_ _
Truck trailers (incl. trailer chassis), prodcf
Complete trailers
Vans
--
-
Registrations:
New passenger cars
New commercial cars
do__ _
do
do_ _
do
do
241
206
287
253
327
295
308
293
342
313
344
290
241
206
91
84
358
290
265
259
216
212
601, 460 pi688,800
167
p i 190
149
149
410. 607 2400,286 2370,856 2317,070 2321,285
63, 995 2 63, 383 2 63, 981 260,716 256,234
124
511,885 p'594,400
497, 218
89, 408 p 1 91,300
76, 023
2
334,876
2 55, 222
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, totaled
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
Passengers cars (equipment manufacturers) :
Shipments total
Domestic
Unfilled orders end of month total
Domestic
do
do
do
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):O
Diesel-electric and electric:
Owned or leased end of mo No of power unit^
Serviceable end o€ month
do
Installed in service (new)
do
Unfilled orders end of month
do
Exports of locomotives, total (railroad-service and industrial types)
number
r
1
975
955
375
375
208
208
18
192
192
1
38, 249
11,854
11, 632
26, 395
10
0
2
130
39
80
80
18
67
67
10
63
57
0
63
57
2
61
55
16
45
39
1,747
1,749
1,750
5.8
1,751
1,749
5.4
1,752
1,747
5.1
27 859
26 773
27 932
26 827
28 047
96 989
28 093
26, 811
28 134
26. 865
68
68
68
49
80
5
134
134
1,745
5.0
160
488
37
97
97
81
443
120
323
2
50
273
6.1
6.6
7.1
7.6
79
42
621
621
2,217
1,280
866
0
55
49
3
52
46
10
43
37
4
44
38
1,744
1,741
1,737
1,733
1,729
95
62
8.3
8.0
8.4
8.2
2
36
36
8.4
28 181
26, 729
374
134
84
692
539
20
25
19
28 182
26, 922
67
206
988
327
403
94
122
3
80
Revised.
v Preliminary.
Preliminary estimate of production.
Excludes registrations for Oregon; data to be revised later.
Quarterly total.
IMonthly data for 1947-56 are shown at bottom of p. S-38 of the March 1958 SURVEY.
cf Scattered revisions for the following series will be shown later: Woven goods (1956,1st half 1957), aircraft backlog (1955-56), aircraft exports (1955), motor-vehicles exports (1956), truck trailers (1957), freight-car new orders (1955-57).
®Data beginning January 1958 exclude exports of new cargo transports, included in earlier data. In 1957, such exports were valued at $1.4 million.
*New series (from Bureau of the Census). Data cover complete units, chassis, and bodies.
§Excludes railroad-owned private refrigerator cars.
©Beginning with 2d quarter 1958, data are reported on a quarterly basis.
'INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40
Pages marked S
Sections, by general subject:
General business indicators
_
1-5
Commodity prices
__„_„_
5-7
Construction and real estate
_
7, 8
Domestic trade
„, 8-11
Employment and population
,
11-15
Finance
16-20
International transactions of the U. S
21, 22
Transportation and communications
23, 24
Chemicals and allied products._
. _ _ 24-26
Electric power and gas_ _„
,
26, 27
Foodstuffs and tobacco,
_ _ _ _ _ _ _ _ . . - 27-30
Leather and products
_ . _ „ „ _ „ - _ _ 30, 31
Lumber and manufactures
_
._,
31
Metals and manufactures
,___._.,
32-34
Petroleum, coal, and products
35, 36
Pulp, paper, and printing
36, 37
Rubber and rubber p r o d u c t s . _ _ _ _ _ _ „ _ _ _ _ - _
37
Stone, clay, and glass products.. _,
38
Textile products
_ _ _ 38-40
Transportation equipment._„___„.
,„.
40
Advertising
8, 9
Agricultural employment
11
Agricultural loans and foreign trade
16,17, 21, 22
Aircraft and parts—..
2, 12, 13, 14, 15, 40
Airline operations
23
Alcohol, denatured and ethyl
24
Alcoholic beverages
..
2,6,8,9,27
Aluminum
33
Apparel
2,3,6,8,9,10,12,13,14,15,38
Asphalt and asphalt and tar products
36
Automobiles
2, 3, 8, 9, 12, 13,14, 15,16,17, 22,40
Bakery products
2,12,13,14,15
Balance of payments..
•__.
..
21
Banking
_. .
14,16
Barley
28
Barrels and drums
._
32
Battery shipments
34
Beef and veal
29
Beverages
2, 6, 8, 12, 13, 14, 15, 27
Blast furnaces, steel works, etc
_.
12, 14, 15
Blowers and fans
34
Bonds, outstanding, issued, prices, sales,
yields
17,18,19,20
Book publication
»
37
Brass and bronze
_.
33
Brick
.
... 38
Brokers' loans and balances
16, 19
Building and construction materials,
8, 9,10
Building costs
,_
8
Business incorporations (new), failures
..
5
Business sales and inventories
. _.
3
Butter
27
Cans (metal), closures, crowns,._
._
32
Carloadings
. . 23
Cattle and calves
29
Cement and concrete products
6, 8, 38
Cereal and bakery products, _
6, 12, 13, 14, 15
Chain-store sales, firms with 4 or more and 11
or more stores
10
Cheese
27
Chemicals..
2, 3, 4, 6, 12, 13, 14, 15, 19, 22, 24
Cigarettes arid cigars
6, 30
Civilian employees, Federal
12
Clay products.
6, 38
Coal-...
.
-. 3,6,11,13,14,15,22,23,35
Cocoa
.
22,29
Coffee
22,30
Coke
;._ 23,35
Communications
.
11, 13, 14, 15, 19, 20, 24
Confectionery, sales.
29
Construction:
Contract awards_
„„
„,„„„
„__
7
Costs
.
,.
.. .
8
Dwelling units
.—
7
Employment, hours, earnings, wage rates
11,
13, 14,15
Highways and roads.
_
7, 8, 15
New construction, dollar value
1,7
Consumer credit
_ _ 16, 17
Consumer durables output, index
3
Consumer expenditures
„__
1,9
Consumer price index
6
Copper
22,33
Corn
28
Cost of living (see Consumer price index)
6
Cotton, raw and manufactures
2, 5, 6, 22, 39
Cottonseed, cake and meal, oil
25
Credit, short- and intermediate-term
16, 17
Crops
2,5,25,26,28,30,39
Crude oil and natural gas
3, 11, 13, 14, 15
Currency in circulation
18
Dairy products
2,5,6, 12, 13,14,15,27
Debits, bank
16
Debt, United States Government_ _ _
17
Department stores
9, 10, 11,17
Deposits, bank
.
____
16,18
Disputes, industrial
.
„
13
Distilled spirits
27
Dividend payments, rates, and yields, _ _ , . _ - 1, 19, 20
Drug-store sales
.....
_ _ _ 9,10
Dwelling units, new
7
Earnings, weekly and h o u r l y . . _ _ _ _ . . _ . . .
14,15
Eating and drinking places
_ _ _ „ 9,10
Eggs and poultry
_ 2, 5, 29
Electric power
6, 26
Elec. mach. and equip- 2,3, 6,12,13,14,15,19, 22,34
Employment estimates and indexes- _
11,12
Employment Service activities.
_„
13
Engineering construction
_„
7, 8
Expenditures, United States Government....
17
Explosives
.
. __
25
Exports (see also individual commodities).
21, 22
Express
operations
,
_
_
_
.
.
23
Pages marked S
Failures, industrial and commercial
,
5
Farm income, marketings, and prices.
1, 2, 5, 6
Farm wages
,__
15
Fats and oils, greases
6, 25, 26
Federal business-type activities
17
Federal Government
finance
17
Federal Reserve banks, condition of
_
16
Federal Reserve reporting member banks.
16
Fertilizers
. ___
......
. . . 6, 25
Fire losses
_
...
___...
8
Fish oils and fish ....
_ _ _ _ . — . 25,30
Flaxseed
...
.
.
25
Flooring _ _ „
._.__.__
..
31
Flour, wheat......
.
29
Food products..
2,3,4, 5,
6, 8, 9, 10, 12, 13, 14, 15, 19, 22, 27, 28, 29, 30
Foreclosures, real estate
_ __ .
8
Foreign trade,
.
21, 22
Foundry equipment
,_.,__
,__
_,
34
Freight carloadings
.. _ _
_
23
Freight cars (equipment)
,_____„.,_
40
Freight-car surplus and shortage.
23
Fruits and vegetables
5, 6, 22, 28
Fuel oil
.....
.
....._..
35
Fuels
....
.
_.
.. 6,35,36
Furnaces
___._„_
._
34
Furniture.
....
2, 3, 6, 9,10,12,14, 15,17
Furs
•-__. .
22
Gas, prices, customers, sales, revenues
6, 26, 27
Gasoline
.....
9,36
Glass and products
___.
38
Generators and motors.,
34
Glycerin
.
...
24
Gold..
.-- 18,21
Grains and products
5, 6, 22, 23, 28, 29
Grocery stores
9,10
Gross national product
.. ,. _
1
Gross private domestic investment
1
Gypsum and products.
,__<
. 6, 38
Hardware stores
......
9
Heating apparatus™
„
,,
, _ 6, 34
Hides and skins
............
6, 22,30
Highways and roads
,__
7, 8,15
Hogs
^
......
29
Home Loan banks, loans outstanding
__
8
Home mortgages...„_ _ _ ,
.
8
Hosiery
38
Hotels
.
11,13,14,15,24
Hours of work per week
12, 13
Housefurnishings
6, 8, 9, 10
Household appliances and radios
3,6, 9, 34
Imports (see also individual commodities)
21, 22
Income, personal
, _—
I
Income and employment tax receipts
17
Industrial production indexes
.
2, 3
Installment credit
, _ _ „ _ 16, 17
Installment sales, department stores
10
Instruments and related products. 2, 3, 12, 13, 14, 15
Insulating materials
34
Insurance, life
18
Interest and money rates
16
Inventories, manufacturers' and trade
3, 4, 10,11
Iron and steel, crude and manufactures
2,
6, 8, 12, 14, 15, 19,22,32,33
Kerosene.._ _ _ _ _ . _ . . . . . . _ . _
35
Labor disputes, turnover— _ _ _ „
,
13,14
Labor force.—
..
_ _ _ . _ . — ...
11
Lamb and mutton.
,_
29
Lard__._
__._.__.._•.._._.
29
Lead.
_..._.___
33
Leather and products
2,3,6,12,13,14,15,30,31
Linseed oil
...»
.....
2§
Livestock
2, 5, 6, 23, 29
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit)
8,16,17,19
Locomotives.
. .
. _.
40
Lubricants
„_______
. __
36
Lumber and products
„__
2,
3,4,6,8,9,10,12,14,15,19,31
Machine tools......
...
.
34
Machinery
_. 2, 3,4, 5, 6, 12, 13, 14, 15, 19, 22,34
Mail-order houses, sales
11
Manmade fibers and manufactures6, 39
Manufacturers' sales, inventories, orders
3,4,5
Manufacturing employment, production workers, payrolls, hours, earnings
11, 12, 13, 14, 15
Manufacturing production indexes
2, 3
Margarine
26
Meats and meat packing.... 2, 5, 6, 12, 13, 14, 15, 29
Medical and personal care
6
Metals—.... 2,3,4,5,6, 11,12,13,14,15,19,32,33
Milk
„___
27
Mining and minerals. .
2,3, 11, 13, 14, 15, 19, 20
Monetary statistics
„
18
Money supply.
.
18
Mortgage loans
..
.... 8, 16, 18
Motor carriers
. . 23
Motor fuel
_
.
36
Motor vehicles....
.... 6,9,19,40
Motors, electrical
_. . ._
. 34
National income and product
_,
1
National parks, visitors
.
24
National security expenditures
1,17
Newsprint
22,37
New York Stock Exchange, selected d a t a _ _ _ _ 19, 20
Nonferrous metals
2, 6, 12, 14, 15, 19, 22, 33
Noninstallment credit.
_.
.
17
Oats
.
..
Oil burners
...
Oils and fats, greases
Orders, new and unfilled, manufacturers'
Ordnance...
28
34
. 6,25,26
5
12,14,15
Pages marked S
Paint and paint materials
6, 26
Panama Canal traffic
23
Paper and products and pulp
2,
3, 4, 6, 12, 13, 14, 15, 19, 36, 37
Parity ratio
5
Passports issued
24
Payrolls, indexes
12
Personal consumption expenditures
1,9
Personal income
1
Personal saving and disposable income
1
Petroleum and products
2,
3, 6, 12, 13, 14, 15, 19, 22, 35, 36
Pig iron
32
Plant and equipment expenditures
2,19
Plastics and resin materials
26
Plywood
_.
31
Population
11
Pork
29
Postal savings
16
Poultry and eggs
2, 5, 29
Prices (see also individual commodities):
Consumer price index
6
Received and paid by farmers
5
Retail price indexes
6
Wholesale price indexes
6
Printing and publishing
2, 3, 12, 13, 14, 15, 37
Profits, corporate
1,19
Public utilities. 2, 6, 7,11,13,14,15,18,19, 20, 26, 27
Pullman Company
24
Pulp and pulpwood
36
Pumps
34
Purchasing power of the dollar
7
Radiators and convectors
34
Radio and television
3, 6,8,34
Railroads
2,11, 12,13,14,15,19,20,23,40
Railways (local) and bus lines
11, 13, 14, 15, 23
Rayon and acetate
39
Real estate
8,16
Receipts, United States Government
17
Recreation
6
Refrigeration appliances, output
34
Rents (housing)
6, 9
Retail trade, all retail stores, firms with 4 or
more and 11 or more stores, general merchandise, department stores- 3, 5, 9, 10, 11, 13,14,15,17
Rice
28
Roofing and siding, asphalt
36
Rubber and products._ 2, 3, 4, 6, 12,13, 14,15, 22, 37
Rye
28
Saving, personal
1
Savings deposits
16
Securities issued
19
Services
1, 9, 11, 13, 14, 15
Sheep and lambs
29
Ship and boat building
12, 13, 14, 15
Shoes and other footwear. _ 6, 9, 10, 12, 13, 14, 15, 31
Shortening
26
Silk, prices, imports, production
6,39
Silver
18
Soybeans and soybean oil
26
Spindle activity, cotton
39
Steel ingots and steel manufactures (see also
Iron and steel)
2,32,33
Steel scrap
32
Stocks, department stores
11
Stocks, dividends, prices, yields, earnings,
sales, listings
20
Stone, clay, and glass prod___ 2,3,4,12,14,15,19,38
Stoves and ranges
34
Sugar
22,30
Sulfur
25
Sulfuric acid
24
Superphosphate
25
Tea imports
30
Telephone, telegraph, cable, and radio-telegraph carriers
11, 13, 14, 15, 20, 24
Television and radio
3, 6, 8, 34
Textiles and products
2,
3, 4, 6, 12, 13, 14, 15, 19, 22, 38, 39, 40
Tin
22,33
Tires and inner tubes
6, 9, 10,12, 13, 14, 15, 37
Tobacco and manufactures
2,
3, 4, 5, 6, 8, 12, 13, 14, 15, 22, 30
Tools, machine
34
Tractors
22,34
Trade, retail and wholesale
3,
5,9, 10, 11, 13, 14, 15, 17, 20
Transit lines, local
23
Transportation and transportation equipment __ __
2,3,4,5,6,9,
10, 11, 12, 13, 14, 15, 19, 22, 23, 24, 40
Travel
24
Truck trailers
40
Trucks
2,34,40
Unemployment and compensation
11,13
United States Government bonds. _ 16, 17, 18, 19, 20
United States Government
finance
17
Utilities
2, 6, 7,11,13,14,15, 19, 20, 26, 27
Vacuum cleaners
Variety stores
Vegetable oils
Vegetables and fruits
Vessels cleared in foreign trade
Veterans' benefits
.
34
9, 10
25, 26
5, 6, 22, 28
23
13,17
Wages and salaries
1,14,15
Washers
34
Water heaters
34
Wheat and wheat
flour
28,29
Wholesale price indexes
6
Wholesale trade
3, 5,11, 13, 14, 15
Wood pulp
36
Wool and wool manufactures
2, 5, 6, 22, 39,40
Zinc.
33
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