Full text of Survey of Current Business : June 1957
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JUNE 1957
INT
U. S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
SURVEY
OF C U R R E N T
BUSINESS
No. 6
JUNE 1957
D E P A R T M E N T OF COMMERCE
FIELD SERVICE
Albuquerque, N. Mex.
321 Post Office Bldg.
Memphis 3, Tenn.
22 North Front St.
Atlanta 3, Ga.
66 Luckie St. NW.
Miami 32, Fla.
300 NE. First Ave.
Boston 9, Mass.
U. S. Post Office and
Courthouse Bldg.
Minneapolis 2, Minn.
2d Ave. South and
3d St.
Buffalo 3, N. Y.
117 ElHcott St.
Charleston 4, S. C.
Area 2,
Sergeant Jasper Bldg.
PAGE
THE BUSINESS SITUATION
1
Rise in Capital Investment Continues
2
*
*
*
SPECIAL ARTICLES
New Distribution of National Output by
Goods, Services, and Construction, 1929-56. 4
Shifts in Output Composition
5
Investment Plans and Realization
Reasons for Differences in Individual Cases... 12
Explanatory Factors in Investment
Changes
13
Relationships With Sales Anticipations... 16
New Record in Foreign Travel
Pattern Shifts but Uptrend Continues
19
Expansion in Foreign Business
Exports Up but Decline in Foreign Reserves
Extended
23
*
*
*
NEW AND REVISED SERIES
Sales of Retail Stores
28
*
*
*
MONTHLY BUSINESS STATISTICS
S-l to S-40
Statistical Index
Inside back cover
Cheyenne, Wyo.
307 Federal Office Bldg.
Chicago 6, III.
226 W. Jackson Blvd.
Cincinnati 2, Ohio
442 U. S. Post Office
and Courthouse
Cleveland 14, Ohio
1100 Cheater Ave.
Dallas 1, Tex.
3-104 Merchandise
Mart
500 South Ervav St.
Denver 2, Colo.
142 New Customhouse
Detroit 26, Mich.
438 Federal Bldg.
Greensboro, N.C.
407 U. S. Post Office
Bldg.
Iloustoii 2, Tex.
Franklin and Main St.
Jacksonville 1, Fla.
311 W. Monroe St.
Kansas City 6, Mo.
911 Walnut St.
Los Angeles 15f Calif.
1031 S. Broadway
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JUNE 1957
By the Office of Business Economics
Programed Piant and Equipment Expansion
J.HE BROAD picture of business activity in the late
spring* has been one of little change with overall output
maintained at a record rate. Demands in major segments
of the economy are strong, although mixed movements
continue to characterize particular industries and products.
General price averages are showing minor fluctuations in
wholesale markets but at retail there have been steady
advances.
Of basic significance in its bearing on the economic situation is the programed expansion in capital investment of
business for the second and third quarters of this year. The
projected investment increases—as recorded in the OBESEC quarterly survey just completed and pictured in the
adjacent chart—are not large; but the modest upward trend
at such a high level reaffirms indications from the survey
taken early this year that plant and equipment spending
would provide a strong support to the general economy
during 1957.
Rise in the total in 1957...
BILLIONS OF D O L L A R S
50
Quarters, seasonally adjusted,
at annual rates
Annual totals
40
30
20
10
I
1952
53
54
55
i_i_J_
1957*
1956
56
Rise in incomes extended
reflects increases in most industry groups
BILLIONS OF DOLLARS
(ratio scale)
40
Q u a r t e r s , seasonally adjusted, at annual rates
30
20
MANUFACTURING AND MINING
10
8
6
5
4
PUBLIC UTILITIES
UTILI
'
TRANSPORTATION, OTHER THAN RAIL
\
I
.8
.6
.5
/
~
RAILROAD
!
1
1
i
1952
!
1
1
1
1953
N^a***^
1
1
1
1
1954
* Second and third quarters anticipated by business
U. S. Department of Commerce, Office of Business Economics
427489°—57
1
_
/
^
1
|
1955
!
\
\
!956
\
\
\
I
!
i
1957*
D a t a : SEC & OBE
57-17-1
Personal income in May reached a record annual rate of
$340/2 billion—up $1 billion from April and $18 billion,
or 5/2 percent, from May a year ago.
Total wages and salaries were stable from April to May
as an appreciable drop in factory payrolls—reflecting reductions in both employment and average hours worked—
was offset by further increases in nonmanufacturing industries. Seasonally adjusted nonfarm employment was
also unchanged in May, continuing the pattern of overall
relative stability in evidence since last fall.
Besides wages and salaries, most other types of income
flowing to individuals from current production showed only
nominal changes in May, and the bulk of the personal income
rise came from old-age and survivors' benefits under the
social security law.
These benefits have been rising sharply since the beginning
of the year. Farmers and other groups that were covered by
social security for the first time in 1955 have become eligible
in recent months to receive benefit payments; also, a change
in law, effective last November, permits women to retire
at age 62 instead of 65. Contributing to the recent rise
in benefits is the fact that initial payments to new claimants
usually include retroactive payments for several prior
months.
Exclusive of old-age benefits, personal income in April
and May edged up slightly over March and was about $2
billion higher than the average for the first quarter as a
whole.
In addition to the personal income movements and the
anticipated further rise in plant and equipment, it is also
1
SUEVEY OF CURRENT BUSINESS
noteworthy that the latest data on inventories do not
evidence any alteration in the conservative inventory policy
adopted by business early this year.
This policy has reduced some of the price pressures in
primary markets and has contributed to the leveling out of
the rise in wholesale commodity prices. It has also been a
principal factor in the moderately reduced flow of new business to manufacturers. New orders booked in April, as in
the two preceding months, were down somewhat from the
high rates around the turn of the year, and were below current shipments. In April alone, new orders were little
June 195
changed from the previous month and were about the sam<
as in April 1956.
Total consumer demand has remained high. Extensioi
of the uninterrupted advance in outlays for services, couplec
with the sustained rate of commodity buying evident fron
the monthly retail sales reports, means that consumer ex
penditures are giving a slight lift to the economy.
Sales of retail stores in May, after allowance for seasona
influences, were a little above April and the average for th<
first quarter. For April and May combined, sales were *
percent above a year ago.
Rise in Capital Investment Continues
THE LATEST OBE-SEC survey of plant and equipment
expenditures through the second and third quarters of this
year finds that businessmen are expecting further increases in
their capital outlays. Outlays of $37.3 billion in the second
quarter and $37.9 billion in the third quarter, at seasonally
adjusted annual rates, are indicated on the basis of reports
received by the two agencies in late April and May. Actual
expenditures were at a record $37 billion rate in the first
quarter, and totaled $35.1 billion for the year 1956.
Capital programs in the first 9 months of 1957 are about
9 percent higher than in the corresponding period of 1956.
The rise in costs of capital goods accounts for perhaps half
of this dollar increase, but the advance in the volume of
investment so far this year is substantial.
On the basis of the figures submitted in the latest survey
there are no signs of any major departures in investment
plans from the annual anticipations that were reported 3
months ago. The seasonally adjusted annual average of the
first 3 quarters of 1957—$37.4 billion—is the same as was
scheduled for the full year, as reported in the March SURVEY.
A breakdown by major industry division shows a somewhat
mixed pattern, though the dominant movement in seasonally
adjusted anticipations is upward. There is evidence that
the investment boom in manufacturing is leveling off. On
the other hand, the new expansionary wave in public utilities
is gathering momentum, and this advance is being augmented
by rising expenditure schedules of railroads. Nonrail transportation companies also have programed rising expenditures
within 1957. The commercial group expects to spend somewhat less in the second and third quarters than it did in the
first quarter of 1957.
While the seasonally adjusted quarterly data are suggestive
of a slackened rate of increase in aggregate investment, it is
noteworthy that the outlays scheduled for the July-September period would represent the tenth successive quarter of
rise in capital outlays, one of the largest advances on record.
The $37.9 billion rate expected in the third quarter is $2
billion higher than the expenditure in the third quarter of
1956 and almost 50 percent above the recent low point in the
first quarter of 1955.
Factors in current investment
The continuing high rate of planned capital investment is
also reflected in the fact that unfilled orders of durable-goods
producers are still high, though under the peak levels reached
last fall. In machinery industries, backlogs relative to current shipments are about as large this spring as they were a
year ago. Goocls-in-process inventories in these industries
are also at peak levels.
The supply situation has become somewhat more favorable
for fixed business investment in recent months than was the
case last fall and winter. This has come about in large part
because of an easing in demand for housing and selected
consumer durable goods. Profits and sales are also remaining high. The latter are running some 6 percent above the
record sales volume in 1956, while profits have moved ahead
since the low point of the third quarter of 1956, a quarter in
which the steel shutdown was an adverse influence.
Manufacturing investment at peak
Manufacturing companies have reported programs that
on a seasonally adjusted annual rate basis show a rise from
$16.1 billion in the first quarter to a new record of $16.8
billion in the second quarter, followed by a slight clip in the
third quarter of 1957. Fulfillment of expenditures scheduled
in the spring and summer quarters will bring outlays in the
first nine months of 1957 close to 15 percent above those in
Table 1.—Percent Change in Plant and Equipment Expenditures,
First 9 Months of 1957 over First 9 Months of 1956, by Manufacturing Industry
I Percent
; change
All industries
Durable-goods industries
Primary iron and steel
Primary iionferrous metals _
Electrical machinery
Machinery except electrical
15
_
_
_ _ _ _ .
Motor vehicles and equipment
Transportation equipment except autos
Stone, clav and glass products
Other durable-goods
Nondurable-goods industries.
Food a n d beverages..
_. _
Textiles
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber products
Other nondurable goods
17
42
142
20
27
._
_
2
_
________
_
_
_
__ _ _
_
-
-19
54
-6
__ _ -
_ _
_ _ - __..._ _.
14
10
— 14
12
25
17
4
3
SURVEY OF CURRENT BUSINESS
June 1957
the same period last year and will result in a substantial gain
in capacity.
Table 1 presents a comparison of expenditures in the
first three quarters of 1957 with those actually made in the
c«aparable 1956 period. In durables the advances in iron
and steel, nonferrous metals, transportation equipment other
than motor vehicles and nonelectrical machinery are all well
above the one-sixth overall rise for the group as a whole.
The unusually large expansion programs in nonferrous metals,
notably aluminum, continue to move ahead despite the fact
that the immediate trend in sales has been downward. Investment in new steel facilities is also increasing. Here steel
production has also been drifting ttelow the capacity rates
that prevailed early this year, though higher prices have
resulted in maintenance of dollar sales.
The strong increase in outlays planned by the machinery
industry is itself a manifestation of the capital goods boom;
since the end of World War II investment by the machinery
industry has always moved closely with investment in all
industries.
It is clear from the table that the declining outlays by the
automobile industry are the primary negative factor in durrable goods—and manufacturing—investment in the immediate period. The decline here, it may be noted, is from a
very high rate; the industry spent a record total of $1.7
billion in 1956.
Nondurable-goods producers expect to spend 14 percent
more in the first 9 months of this year than in the comparable
period of 1956. An advance of about one-fourth in capital
outlays has been scheduled by the chemicals industry.
Programs of petroleum companies are up one-sixth over the
same 1956 period; these companies are spending at a $3%
billion annual rate in mid-1957. Smaller-than-average increases appear in food and beverages and rubber, while the
textile industry expects a drop of about 15 percent in this
9-month period from last year's outlays.
(Continued on page 27)
Table 2.—Expenditures on New Plant and Equipment by U. S. Business, 1 1954-57
[Millions of dollars]
1957
1956
Manufacturing _
Durable-goods industries
.
Primary iron and steel
Primary nonferrous metals
Electrical machinery and equipment
Machinery except electrical
_ __
Motor vehicles and equipment
.
Transportation equipment excluding motor vehicles
Stone, clay and glass3products
Other durable goods
.
_.
_
Nondurable-goods industries
Food and beverages _
Textile mill products
Paper and allied products _ __
_ __
Chemicals and allied products.
Petroleum and coal products
Rubber products
-__
Other nondurable goods *
__ _ _
.
__
Mining
Railroads
_ _
Transportation, other than rail
_ _ __ _ .
Public utilities
.
Communications
_.
Commercial and other "
Total
.
_.
1954
1955
1956
11,038
11,439
14, 954
2,958
3,734
3,834
5,091
5,436
7,623
1,462
1,862
1,960
754
246
439
694
863
214
436
809
1,268
412
603
1,078
219
69
104
227
306
88
142
254
296
103
158
267
447
152
199
330
1,295
191
361
1,110
1,128
274
498
1,214
1,689
440
686
1,447
341
77
132
293
431
103
172
366
464
120
181
371
453
140
201
417
5,948
6,003
7,331
1,496
765
331
455
718
366
518
799
465
801
178
108
155
208
126
203
203
110
206
210
121
237
201
111
192
235
102
228
209
82
209
1,130
2,684
131
451
1,016
2,798
150
437
1,455
3,135
201
475
283
627
40
105
364
803
50
118
370
813
50
122
438
892
61
130
353
728
46
115
444
976
49
134
472
913
51
105
JanuaryMarch
AprilJune
1,872
JulySeptember 2
July- October- JanuarySeptem- Decem- March
ber
ber
April-2
June
4,428
3,505
4,421
4,189
2,339
1,759
2,253
2,148
327
147
126
270
431
212
186
350
411
268
172
328
297
126
135
331
380
169
164
361
326
165
156
322
1,874
2,089
1,746
2,168
2,041
975
957
1,241
262
319
314
346
300
324
314
854
923
1,231
297
325
277
332
342
408
404
450
358
468
1,205
1,639
1,788
2,572
2,608
2,451
8,282
9,868
9,622
1,512
1,602
1,712
396
423
443
4,219
4,309
4,895
936
1,199
1,308
1,452
1,717
1,983
2,684
570
673
663
778
6,513
7,488
8,364
2,043
2,207
2,062
2,052
26,827
28,701
35,081
7,462
8,880
8,901
9,838
1
476
Seasonally Adjusted at Annual Rates
[Billions of dollars]
Manufacturing
_
_
..
__
13.45
14.65
15.78
15.81
16.12
16.84
16.42
6.57
6.88
7.38
7.27
8.20
7.58
8.21
7.60
8.09
8.03
8.66
8.18
8.50
7.92
"Mining
1.13
1.28
1.26
1.28
1.35
1.27
1.27
Railroad
1.25
1.22
1.20
1.23
1.42
1.42
1.63
Durable
Nondurable
-
_-_._.
_. . _
Transportation other than rail
1.65
1.63
1.79
1.76
1.52
1.78
1.90
Public utilities
4.56
4.61
5.08
5.27
5.72
5.98
6.42
Commercial and other 5
Total
1. Data exclude expenditures of agricultural business and outlays charged to current
account.
2. Estimates are based on anticipated capital expenditures reported by business in late
April and May 1957. The seasonally adjusted data include in addition to a seasonal correction, an adjustment when necessary, for systematic tendencies in anticipatory data.
3. Includes fabricated metal products, lumber products, furniture and fixtures, instruments,
ordnance, and miscellaneous manufactures.
4. Includes apparel and related products, tobacco, leather and leather products, and printing and publishing.
10.78
11.10
10.76
11.11
10.76
10.04
10.25
32.82
34.49
35.87
36.46
36.89
37.33
37.89
5. Figures for 1954-57 include trade, service, finance, and construction. Seasonally adjusted data also include communications.
Note: Data for earlier years were published in the June 1956 Survey of Current Business,
Source: U. S. Department of Commerce, Office of Business Economics, and Securities and
Exchange Commission.
by Lawrence Grose
New Distribution of National Output
by Goods, Services, and Construction, 1929-56
JL HIS REPORT presents a new breakdown of the gross
national product in terms of the output of major types of
product. The total is classified into output of durable goods,
nondurable goods, services, and construction, and for the
first two of these categories output is shown also as the sum
of final sales and inventory change. In the customary gross
national product statement the goods-services-construction
classification is not carried through to all components, and
final sales are adjusted to a measure of output only for the
economy as a whole.
The new information is provided in terms of current
dollars in table 1 and adjusted for price change, in terms of
constant (1947) dollars, in table 2. Table 3 presents implicit deflators, obtained by dividing the constant dollar
series into the corresponding current dollar series.
Table 9 presents a further breakdown of the goods portion
of gross national product into farm and nonfarm output.
It is believed that the new information on gross national
product will be useful for many purposes. It will help in
the analysis of problems in w^hich durable output must be
distinguished from nondurable. It will facilitate the tracing
of the industrial impact of changes in the pattern of final
demand. It will permit a more refined analysis of inventory
holdings in relation to output. Finally, comparison of the
gross national product with other, more restricted, measures
of production will be made easier.
sales of durable goods into a measure of their production.
The derivation of nondurables sales and output is similar.
In the case of services, the published component of personal consumption expenditures for services is supplemented
by government purchases of services (including services furnished by business as well as the direct services of government employees) and by net service exports. Finally,
construction is derived as the sum of the new private construction component of the gross national product and of
new public construction, which is a component of government purchases of goods and services in the conventional
series. The construction series are on a vvork put in place
basis.
It will be noted that no allocation for inventory change
has been made either to the service or the construction component. There is no information for calculating reliable
time series measuring them, but it seems certain that the
actual amounts would be minor.
It must be clearly understood that the new presentation,
necessitating as it does breakdowns of the gross national
Product Composition of GNP—1956
New product classification explained
As in the case of the regularly published series on currentdollar gross national product, the estimates presented in
table 1 are in terms of actual market prices. They thus
embody all the costs of production, transportation, and
distribution which are inherent in moving products to
ultimate users or into inventories. It should also be noted
that the estimates cover final product only. Raw materials
and other intermediate goods and services used up in the
process of production are excluded, conforming to the general
definition of gross national product.
The manner in which the new classification of gross national product is related to the regularly published one can
be explained by reference to table 4, which contains illustrative figures for 1956.
As can be seen, the bulk of durable goods sales in the new
classification consists of personal consumption expenditures
for durable goods and of producers' durable equipment, both
published components of the regular series. To derive the
total in this category purchases of durable goods by government (Federal and State and local) and net purchases by
foreign countries are added. Finally, an allowance is made
for the change in durable goods inventories, to convert total
NOTE—MR. GROSE IS A MEMBER OF THE NATIONAL INCOME DIVISION,
OFFICE OF BUSINESS ECONOMICS.
U. S. Department of Commerce, Office of Business Economics
57-17-2
SUEVEY OF CUEEENT BUSINESS
June 1957
product that do not have to be calculated for the conventional
statement, is somewhat less solidly founded than the latter.
The allocation of inventory change among durable and nondurable goods is rough, because in the absence of detailed
opmmodity data it is based on the inventory holdings of
ffms classified in the durable and nondurable segments of
their respective industries. The allocation of net exports
(net foreign investment) among goods and services is also
far from precise, but the values involved are generally
minor. Finally, the type-of-product allocation of government purchases is based in many cases on partial data.
Here the amounts involved are large for many of the years
covered by the series and errors in the allocations may be
considerable. It is hoped that further improvements in the
estimating methods underlying this report can be made in
the future.1
Product make-up of GNP
The product composition of the gross national product has
undergone significant changes both in the short and in the
long run, but apart from violent fluctuations such as induced
by business cycles and military emergencies certain broad
stable relations stand out.
These are illustrated in the first chart by reference to the
year 1956. In that year, nondurable goods production and
services each constituted about one-third of the total gross
national product, durable goods output about one-fifth,
with the remainder accounted for by construction.
It may be noted that the shares of the major types of output shown in chart 1 differ from those that are obtained when
consumer purchases of durable goods, nondurable goods, and
services are expressed as percentages of disposable personal
income, as in the article on "Pattern of Buying of Consumer
Goods" in the May SURVEY. For instance, durable goods are
much lower as a percent of disposable personal income than are
total durable goods—including consumer, business, government, and foreign purchases—as a percent of gross national
product. The fact that the present article takes into account
all major markets for the various types of output—not just
the consumer market—should be kept in mind in comparing
the results of the two studies.
The composition of the market for each of the major types
of output can be seen from table 4. Consumers predominate
in the market for nondurable goods, with government
accounting for only a negligible part of the total. It may
be noted that in this table foreign transactions are expressed
on a net basis (excess of exports over imports) and hence do
not give a view of the gross flow of exports and imports of
nondurable goods. Total exports and imports in this category were each approximately $8 billion in 1956.
In contrast, the market for durable goods is much more
evenly shared among major purchaser groups. Consumers
accounted for approximately two-fifths of the total and
business investors in durable equipment for only a little less,
with government—Federal, State, and local—taking about
one-fifth of durable goods output. As in the case of nondurable goods, foreign transactions are small on a net basis.
But the total of $4 billion in net exports is the difference
between exports of $8 billion and imports of $4 billion.
Personal consumption has recently accounted for about
two-thirds of the total of services and government for onethird. Services include not only purchases from business
but also direct purchases of labor services by final users;
the large government share, in fact, reflects primarily the
compensation paid to military and civilian government
employees.
In new construction also private demand took about twothirds of total output in 1956 and government the remainder.
Shifts in Output
JLHIS PORTION of the report discusses the major shifts
in the product composition of output that have occurred
since 1929. Long-term changes are considered first and
short-term fluctuations later.
The second chart, which expresses durable goods output
and total output in 1947 and 1956 as percentages of 1929,
brings out the more than proportionate increase in durable
goods output.
Postwar expansion of durable goods output
During the postwar decade durable goods output has
averaged over 20 percent of total gross national product,
as compared with less than 18 percent in 1929 (see tables 5
and 6). The postwar share of durable goods production
appears to be higher also than it was during other years of
the late 1920's. The relative gain stands out in the constant dollar figures as well as in the current dollar figures; it
constitutes one of the most pronounced shifts in the pattern
of postwar output as compared with the last preceding period
of sustained prosperity.
All major components of the durable goods market have
contributed to this postwar record, with increased government purchases—associated in large part with the military
program—evidently most important. The high rate of
private investment in producers' durable equipment has been
1. These methods are described in a technical note which is available on request.
Composition
another factor, and expenditures for consumer durables
also have been generally strong.
The requirements of national defense were the major
factor responsible for the rapid expansion of government
purchases, resulting in a demand not only for strictly military goods, but also for a wide variety of civilian-type
producers' durables. In addition to stimulating the output
of conventional products, government demand has promoted the development of new products and processes—
planes and atomic energy, e. g.—which have been of actual
or potential benefit to the civilian market also.
The rise in private demand for producers7 durable equipment extended to a wide variety of equipment categories.
Expenditures for electrical machinery, agricultural machinery
and tractors, instruments, office machinery, construction
machinery and trucks have increased as a percentage of the
total, while passenger cars, furniture, ships, and railroad
equipment have constituted a smaller part of producers'
outlays for durable equipment than in 1929.
The high private postwar demand for producers' durable
equipment was associated, of course, with the postwar investment boom. In part this boom had its roots in the
pent-up demands created by World War II. Population
growth and shifts together with many other factors have
contributed to the economic expansion. The business atmosphere has featured the competitive drive to hold and
enlarge markets and to reduce or limit labor and other costs
SURVEY OF CURRENT BUSINESS
6
by promoting and exploiting technological progress. The
latter has been at an exceptionally high rate in both the war
and postwar period.
Consumer durables in strongest demand have included
passenger cars, tires, tubes and accessories, household and
kitchen appliances, and radio and TV sets. Jewelry and
June 1957
watches have accounted for about the same share of the consumer durable market as in 1929, while the share of furniture
and durable household furnishings has declined.
Factors tending to support the market for consumer durables are the secular increase in per capita real
changes in the distribution of income which have
Table 1.—Gross National Product by Major Type of Product, 1929-56
[Billions of dollars]
Gross national product
Year
Total
1929 _.. .
1930- _.
1931
1932
1933
1934. .
_
_
1935- _
1936
1937- _
1938
1939. _
.
__
-
1940 „
1941
1942 .
1943
1944
.
_
1945 „
1946
1947 .
1948
1949 -
_
1950 -_
1951
1952 .
1953
1954 _.
_
_
_
_
._
1955 -. .
1956
Final
sales
Goods
Inventory
change
Total
Output
Final
sales
Durable
Inventory Output
change
Final
sales
Nondurable
Inventory
change
Output
Final
sales
Services
Construction
Inventory
change
104.4
102.8
1.7
56.5
54.8
1.7
18.4
17.0
1.4
38.0
37.7
.3
36.8
11.2
91.1
76.3
58.5
56.0
65.0
91.5
77.6
61.0
57.6
66.1
A
-L3
2 6
— 1.6
-1.1
47.3
37.7
27.0
27.3
34.4
47.7
39.0
29.6
28.9
35.6
-.4
-1.3
-2.6
-1.6
-1.1
12.2
8.4
4.2
5.5
8.3
13.3
9.6
6.2
6.0
8.1
-1.0
-1.2
-2.0
-.5
.1
35.1
29.3
22.8
21.8
26.2
34.4
29.3
23.4
22.9
27.4
.6
.0
-.5
-1.1
-1.3
34.7
32.0
27.7
25.9
27.2
9.0
6.6
3.7
2.8
3.3
72.5
82.7
90.8
85.2
91.1
71.6
81.8
88.5
86.2
90.7
.9
1.0
2.2
-.9
.4
40.2
46.0
51.6
45.7
49.5
39.3
45.0
49.4
46.7
49.1
.9
1.0
2.2
-.9
.4
10.2
13.1
15.0
10.8
13.6
9.9
12.2
14.2
11.6
13.3
.3
.9
.8
-.9
.3
30.0
32.8
36.6
35.0
35.8
29.4
32.8
35.2
35.0
35.8
.6
.0
1.5
-.1
.1
28.4
31.3
32.6
33.4
34.2
3.9
5.5
6.6
6.1
7.4
100.6
125.8
159.1
192.5
211. 4
98.4
121.3
157.3
193. 3
212.4
2.2
4.5
1.8
-.8
-1.0
56.7
73.5
94.5
120.9
133.6
54.6
69.0
92.7
121.6
134.6
2.2
4.5
1.8
-.8
-1.0
17.8
28.1
36.2
54.9
58.7
16.6
25.0
35.1
54.8
59.4
1.2
3.1
1.0
.0
-.6
38.9
45.4
58.3
66.0
74.9
37.9
44.0
57.5
66.8
75.3
1.0
1.5
.8
-.8
-.4
35.7
40.6
50.5
63.0
72.0
8.2
11.6
14.1
8.6
5.8
213.6
209.2
232.2
257. 3
257.3
214.6
203.1
233.2
253. 2
260.0
-1.1
6.1
-1.0
4.2
-2.7
130.7
128.6
143.3
156.6
149.9
131.7
122.5
144.3
152.4
152.6
-1.1
6.1
-1.0
4.2
-2.7
50.4
41.0
48.5
49.9
48.3
51.6
35.6
47.2
49.4
50.2
-1.3
5.3
1.4
.5
-1.9
80.3
87.6
94.8
106.7
101.6
80.1
86.8
97.1
103.0
102.5
.2
.8
-2.4
3.6
-.8
76.7
68.0
71.5
78.0
83.5
6.2
12.7
17.5
22.7
23.9
285.1
328.2
345.4
363.2
360.7
277.7
317.9
342.5
363.0
362.9
7.4
10.4
3.0
.3
-2.3
165.5
192.4
198.8
206.9
196.9
158.2
182.0
195.8
206.7
199.2
7.4
10.4
3.0
.3
-2.3
62.0
74.1
75.5
79.2
70.1
58.1
67.6
74.3
78.3
73.1
3.9
6.5
1.3
.9
-3.0
103.5
118.3
123.2
127.7
126.9
100.1
114.4
121.5
128.4
126.1
3.4
3.8
1.7
-.6
.8
89.8
103.1
112.1
119.1
123.9
29.7
32.8
34.6
37.2
39.8
390.9
412.4
386.7
408.8
4.2
3.5
213.9
224.6
209.8
221.0
4.2
3.5
81.1
84.5
79.0
82.8
2.2
1.7
132.8
140.1
130.8
138.2
2.0
1.9
131.8
141.2
45.2
46.6
Source: U. S. Department of Commerce, Office of Business Economics.
Table 2.—Gross National Product by Major Type of Product in Constant Dollars, 1929-56
[Billions of 1947 dollars]
Goods
Gross national product
Year
Total
1929
1930
1931
1932
1933
1934
1935
1936
1937 .
1938
1939
1940
1941
1942
1943
1944
-
—
---
-_ .
-.
_
_
_
1935
1946
1947
1948
1949
_
-
_
__
_
.
--
1950
1951
1952
1953
1964
_
1955
1956
.-
_
.-
.-
Final
sales
Inventory
change
Output
Final
sales
Inventory
change
Output
Final
sales
Nondurable
Inventory
change
Output
Final
sales
Services
Construction
Inventory
change
149.3
147.2
82.6
2.1
26.3
24.3
2.0
58.5
58.3
.2
44.2
20.3
135. 9
127.4
111.7
107.9
117.0
2.1
n
-.9
-4.1
-4.2
-3.5
84.8
135.2
126.6
107.6
103.7
113.4
74.7
70.6
58.8
57.1
64.0
75.4
71.4
62.9
61.4
67.5
-.7
-.9
-4.1
-4.2
-3.5
18.1
13.7
7.6
10.0
14.3
19.7
15.8
11.3
11.1
14.1
-1.7
-2.2
-3.7
-1.1
.2
56.6
56.9
51.3
47.1
49.7
55.7
55.6
51.6
50.2
53.4
1.0
1.3
-.3
-3.1
-3.7
43.6
42.4
39.6
40.0
42.3
16.9
13.6
9.2
6.6
7.2
127.8
142.5
153.5
145.9
157.5
124.6
141.6
147.7
147.2
156.6
3.2
.9
5.7
-1.2
.8
75.4
83.1
92.6
85.2
92.6
72.1
82.2
86.9
86.4
91.7
3.2
.9
5.7
-1.2
.8
17.8
22.8
24.9
18.0
22.8
17.2
21.3
23.7
19.4
22.4
.6
1.4
1.2
-1.4
.4
57.6
60.3
67.7
67.2
69.8
54.9
60.9
63.1
67.0
69.4
2.7
-.6
4.5
.2
.4
44.1
47.7
48.1
48.8
50.2
8.4
11.7
12.7
11.9
14.7
171.6
198.2
223.6
248.9
268.2
167.7
190.9
220.6
250.1
269.5
3.9
7.3
3.0
-1.2
-1.3
103.4
118.4
131.0
151.0
167.5
99.5
111.2
128.0
152.2
168.9
3.9
7.3
3.0
-1.2
-1.3
28.8
39.3
42.5
61.8
70.1
27.1
35.1
41.1
61.8
71.0
1.7
4.3
1.4
.0
-.8
74.6
79.1
88.5
89.2
97.4
72.4
76.1
86.9
90.4
97.9
2.2
3.0
1.6
-1.2
52.4
59.0
70.6
85.7
92.7
15.8
20.8
22.0
12.2
8.0
263.1
233.8
232.2
243.9
241.5
264.7
226.0
233.2
238.8
244.9
-1.6
7.8
-1.0
5.1
-3.5
162.6
145.2
143.3
149.8
143.8
164.3
137.5
144.3
144.7
147.2
-1.6
7.8
-1.0
5.1
35
62.9
46.5
48.5
47.0
44.7
64.6
40.0
47.2
46.5
46.4
-1.6
6.5
1.4
.5
-1.7
99.7
98.8
94.8
102.8
99.1
99.7
97.5
97.1
98.2
100.8
.0
1.3
-2.4
4.6
-1.7
92.2
73.4
71.5
73.7
76.3
8.2
15.1
17.5
20.4
21.4
264.7
282.9
293.7
305.3
300.8
257.6
275.1
291.5
305.6
302.1
7.0
7.8
2.2
-.3
-1.3
158.6
168.1
174.4
182.7
174.8
151.5
160.4
172.3
183.0
176.1
7.0
7.8
2.2
-.3
-1.3
56.8
62.9
.63.9
67.0
60.4
53.4
57.8
63.0
66.4
62.6
3.4
5.1
.9
.6
-2.2
101.8
105.3
110.5
115.7
114.4
98.2
102.6
109.3
116.6
113.5
3. 6
2.7
1.3
-.9
.9
79.8
87.9
91.7
93.9
95.0
26. &
26.1
27.6
28.7
31.0
322.4
330.3
318.7
327.5
3.7
2.8
189.1
193.1
185.4
190.3
3.7
2.8
68.8
68.8
67.2
67.8
1.6
1.0
120.3
124.3
118.2
122.5
2.1
1.8
98.6
103.2
34.6
33.9
Source: U. S. Department of Commerce, Office of Business Economics.
Durable
Total
SUEVEY OF CURRENT BUSINESS
June 1957
relatively the middle-income market, and the growth of
installment credit to finance durable purchases. Also, on
the average, price increases for consumer durables have been
less than for nondurables.
Vhare of nondurables moderately down
After reaching a peak in the early postwar years, the share
of nondurables output in total national output declined, and
is currently below the 1929 ratio. This pattern of change
is somewhat less pronounced in real than in current dollar
terms; the average of nondurable goods prices increased
more than the overall average of all gross national product
prices from 1929 to 1947, and in the subsequent period it
moved up less. (See table 8.)
The decline in the share of nondurables in total output,
and the decline in the share of personal consumption of
nondurable goods in this total, may both be traced to the
increased market role of the government. Despite the fact
that personal consumption of nondurables presently constitutes a slightly higher proportion of total consumer
spending than in 1929, the faster rise in total government
spending than in consumer spending has reduced the share
of personal consumption expenditures for nondurables in
total national output. Moreover, since purchases of nonTotal Output vs. Durable Goods Output
Years 1947 and 1956 as a percent of 1929
based upon current and constant dollars
BASED UPON CURRENT DOLLARS
durable goods constitute a much smaller proportion of
government than of consumer spending, the increased
importance of government purchases has reduced the ratio
of total nondurable goods in the gross national product.
Among nondurable consumer commodities, spending
trends in the postwar period have been in line with longer
term movements. Thus, purchases of gasoline and oil
have constituted a growing proportion of nondurable goods
spending while expenditures for clothing and shoes have
declined relatively, and currently form a smaller proportion
of the total than in 1929.
As a proportion of consumer spending for nondurables,
expenditures for food have not changed greatly either in the
postwar period or as compared with 1929, accounting for
about one-half of these expenditures. However, the practice of eating out has grown considerably at the expense of
off-premise food purchases.
Within several years after the repeal of the eighteenth
amendment, consumer spending for alcoholic beverages rose
to approximately one-tenth of consumer nondurable expenditures, and this proportion was maintained in the
immediate postwar years. More recently such spending
appears to have declined somewhat in relative importance.
Tobacco products presently account for over 4 percent of
consumer nondurables outlays, approximately the same
proportion as in 1929.
Farm and nonfarm goods
The new data permit a further breakdown of goods output
on the basis of its ultimate origin in farm and nonfarm
production. In other words, the value of gross national
product taking the form of goods can be divided into gross
national product originating in farming, and gross national
product originating in all other industries contributing to
the final market value of goods production.
To prevent a possible misinterpretation of the data, it
should be noted that the farm and nonfarm breakdown of the
Table 3.—Implicit Deflators for Gross National Product by Major
Type of Product, 1929-56
[Index numbers, 1947=100]
Year
200 -
IOO
300
BASED UPON 1947 DOLLARS
200 -
U. S. Department of Commerce, Office of Business Economics
Gross
national
product
Goods output
Services
Total
Durable
Construction
Nondurable
1929
70.0
66.6
70.2
65.0
83.2
55.1
1930
1931
1932
1933
1934
67.4
60.3
54.3
54.0
57.3
63.4
53.4
45.9
47.8
53.8
67.8
61.3
55.1
55.2
58.0
61.9
51.5
44.5
46.2
52.6
79.7
75.4
70.0
64.6
64.4
53.5
48.7
40.7
42.8
46.4
1935
1936
1937
1938
1939
56.7
58.1
59.2
58.4
57.9
53.4
55.3
55.8
53.7
53.4
57.6
57.6
60.2
59.8
59.8
52.1
54.4
54.1
52.0
51.4
64.5
65.6
67.8
68.4
68.1
46.3
47.2
51.4
51.0
50.6
1940
1941
1942
1943
1944
58.6
63.5
71.2
77.3
78.8
54.8
62.1
72.1
80.0
79.8
61.9
71.4
85.1
88.7
83.8
52.1
57.4
65.9
74.0
76.9
68.2
68.9
71.6
73.5
77.7
51.7
56.0
64.1
70.8
72.4
1945
1946
1947
1948
1949
81.2
89.5
100.0
105.5
106.6
80.3
88.5
100.0
104.5
104.3
80.1
88.2
100.0
106.3
108.0
80.5
88.7
100.0
103.7
102.6
83.1
92.6
100.0
105.8
109.5
75.6
83.7
100.0
111.6
111.3
1950
1951
1952
1953
1954
107.7
116.0
117.6
119.0
119.9
104.4
114.4
113.9
113.3
112.7
109.1
117.8
118.2
118.2
116.0
101.7
112.4
111.5
110.4
110.9
112.5
117.3
122.2
126.9
130.4
113.2
122.0
125.6
129.3
128.2
1955
1956
121.2
124.9
113.1
116.3
117.9
122.8
110.4
112.6
133.6
136.8
130.4
137.3
Note: Implicit deflators for final sales are not given because they differ only insignificantly
from the implicit deflators for output.
Source: U. S. Department of Commerce, Office of Business Economics.
8
SUEVEY OF CURRENT BUSINESS
total output of goods is not based on a classification of
goods as they appear in the final market. For instance,
the farm contribution to the value of food is reflected in
farm output, whereas value added by other industries to the
total (food manufacturing and distribution) is included in
nonfarm production. Similarly, the value of automobile
output is reflected in farm output to the extent that raw
materials of farm origin become embodied in the value of
finished automobiles. Only the remainder of the value of
automobile output is included in the measure of nonfarm
production.
Needless to say, these are only illustrative examples designed to explain the nature of the breakdown. In actual
statistical estimation the farm-nonfarm allocation is not and
cannot be made for individual products separately; it is
obtained by deducting from the measure of gross national
product taking the form of goods production, as presented
in this article, the gross product originating in farming. The
derivation of the latter measure has been set forth in detail
in a previous issue of the SURVEY.2
The farm-nonfarm breakdown of goods output is shown in
table 9. As can be seen from the table and accompanying
chart, the output of nonfarm commodities has increased
rapidly during the postwar period and is currently about
two and a half times its 1929 level in physical terms. Farm
output has fluctuated widely in recent years, reflecting
changes both in physical volume and in prices. Abstracting
from the latter factor, a moderate upward trend is apparent
in the postwar period, with the current level of physical
output about 40 percent higher than in 1929. In other
words, the nonfarm economy has expanded much more
rapidly. Currently, nonfarm commodity output accounts
for approximately nine-tenths of the total against about
eight-tenths in 1929.
June 1957
Data on total inventory holdings are approximate, partly
because information on farm inventories is difficult to obtain
for the period as a whole. But it is obvious that no conceivable error in the level or trend of the inventory estimates
Output of Farm and Nonfarm Goods
In constant dollars
BILLIONS OF 1947 DOLLARS (ratio scale)
300
200
-
Nonfarm
100
90
80
70
60
50
40
30
20
Farm
Inventories per unit of output decline
The new breakdown of gross national product permits a
somewhat more refined analysis of total inventory holdings
in relation to production, by making it possible to relate
these holdings to goods production alone.
Table 4.—Derivation of Gross National Product by Major Type of
Product, 1956
Durable goods
[Billions of dollars]
Sales
Personal consumption expenditures--.
Producers' durable equipment
Government purchases
Net exports (net foreign investment) _
82.8
i i i i i i i
10
1930
35
40
45
U. S. Department of Commerce, Office of Business Economics
i i i i i i i i i i i i i
50
55
60
57 - 1 7 - 4
could efface the strong downward movement in inventory
holdings per unit of output which is exhibited in the following
text table, which shows that the ratio of inventories to total
goods output has declined from about two-thirds to one-half
since 1929.
34.0
Inventory Holdings as a Proportion of Total Goods Output in Current
Dollars
1929_
0.67
15.8
4.4
Plus: Change in business inventories
Equals: Output
84.5
1956.
.50
Nondurable goods
Sales
Personal consumption expenditures
Government purchases
Net exports (net foreign investment)
138.2
Share of services
132. 9
5. 0
.3
Plus: Change in business inventories
Equals: Output
140.1
Services
Personal consumption expenditures
Government purchases
Net exports (net foreign investment)
141.2
98.9
45. 6
—3.3
Construction .
New private constructionNew public construction._.
46.6
33.2
13.4
TOTAL GROSS NATIONAL PRODUCT
412.4
Source: U. S. Department of Commerce, Office of Business Economics.
2. See the article by John F. Kcndrick and Carl E. Jones, "Gross National Farm Product
in Constant Dollars, 1910-50," September 1951.
In terms of current dollars, the share of services in total
output has increased in the postwar period, reflecting developments in government and to a lesser extent in personal
consumption purchases. In spite of this gain, total services
accounted for a somewhat smaller share of output in 1956
than in 1929, a large increase in government purchases not
quite offsetting a less than proportionate increase in private
demand.
In real terms the pattern of change is somewhat different.!
The postwar expansion is much less pronounced, with the
share of personal consumption approximately stable and the
increase in government purchases dampened. On the other
hand, services appear somewhat higher in relation to total
physical output in 1956 than in 1929, because the decline in
9
SUKVEY OF CURRENT BUSINESS
June 1957
the share of private consumption is greatly mitigated on a
real basis, whereas the increase in government purchases
continues to stand out. (See tables 5 and 6.)
These differences between the current dollar and real patterns reflect, of course, the differential movement of service
prices as compared with the overall price level. In the post-
Table 5.—Percentage Distribution of Gross National Product in Current Dollars, by Major Type of Product and
Purchaser, 1929 and 1947-56
1929
Gross national product
Nondurable goods
Personal consumption expenditures. _
Government purchases
Net exports (net foreign investment)..
Change in business inventories
_
_
Durable goods. _ _
Personal consumption expenditures
Producers' durable equipment __ _
Government purchases
Net exports (net foreign investment)..
Change in business inventories
_ _
._
___
_
_ _ - . _
__
__ _ _
__ _.
Services
_ _„
Personal consumption expenditures
Government purchases
Net exports (net foreign investment)
Construction. _
Private construction
__
Government construction
_
_
__
__
__
_
_
_ _ _ _
__
-
_
___ _
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
100.0
100.0
100.0
100.0
100 0
100 0
100 0
100 0
100 0
100 0
100.
36.4
36.1
.5
-.4
.2
40.8
40.1
.7
1.1
—1.0
41.5
38.4
1. 7
.0
1.4
39.5
37.7
2.0
.1
-.3
36.3
35.2
.6
-.6
1.2
36 0
33.8
1 4
—.4
1.1
35. 7
33.6
1.8
-.2
.5
35 2
32.8
30
—.4
—.2
35.2
33.5
1.7
2
2
34.0
32.3
1.5
-.2
.5
34.
32.
1.
17.7
8.8
5.6
.7
1.2
1.4
20.9
8.9
7.2
1.9
2.4
.6
19.4
8.6
7.4
1.9
1.2
.2
18.8
9.2
6.9
2.3
1.2
-.8
21.7
10.0
7.4
2.3
21.9
7 7
6. 7
6.3
.9
21.8
8 2
6.7
5.9
9
19.4
81
6.2
5.0
.9
—.8
20.8
91
6.1
4.1
.9
.6
20.
8.
7.
3.
1.
1.4
22.6
83
7.1
4.4
.9
2.0
35.2
30.7
4.7
—.1
30.8
22.1
8.3
.4
30.3
22.0
8.8
—.5
32.5
23.4
10.2
—1.1
31.5
22.8
9.6
—.8
31.4
21 4
10.5
— 5
32.4
21.9
11.4
—.8
32.8
22.5
11.3
— 9
34.4
23 9
11.2
— 8
33.7
23.6
10.9
— .8
34.
24.
11.
10.7
8.3
2.3
7.5
6.0
1.5
8.8
7.0
1.9
9.3
6.8
2.5
10.4
8.0
2 5
10.0
7.1
2.9
10.0
6.9
3.1
10.2
7.1
3.1
11.0
7.7
3. 4
11.6
8.4
3.2
11.
8.
3.
Source: U. S. Department of Commerce, Office of Business Economics.
Table 6.—Percentage Distribution of Gross National Product in Constant (1947) Dollars, by Major Type of Product and Purchaser, 1929
and 1947-56
1929
Gross national product
Nondurable goods.
_
_ _ _ _ _ _
Personal consumption expenditures
Government purchases
Net exports (net foreign investment)
Change in business inventories
__
__
Durable goods
Personal consumption expenditures
Producers' durable equipment
Government purchases
_ _
Net exports (net foreign investment)
Change i n business inventories- _ _
_ _ _ _ _ _ _
_ _
Services
__ _ _
_ ___
Personal consumption expenditures
Government purchases
____
Net exports (net foreign investment)
Construction
_ __
__ _
__
Private construction
Government construction
_
_ _ _ _ _ _
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
100.0
100.0
100.0
100.0
100.0
100 0
100 0
100 0
100 0
100 0
100.0
39.2
38.9
.5
— .4
.1
17.6
8.7
5.7
.7
1.2
1.3
29.6
24.2
5.2
.2
13.6
10.8
2.8
40.8
40.1
.7
1.1
-1.0
20.9
8.9
7.2
1.9
2.4
.6
30.8
22.1
8.3
.4
7.5
6.0
1.5
42.2
38.2
2.0
.1
1.9
19.3
8.7
7.2
1.9
1.2
.2
30.2
21.9
8.8
— .5
8.3
6.6
1.7
41.0
39.2
2.3
2
-.7
18.5
9.3
6.5
2.1
1.3
-.7
31.6
22.9
9.9
-1.2
8.9
6.5
2.3
38.5
36. 7
.7
-.3
1.4
21.5
10.3
6.9
2.1
.9
1.3
30.2
22.0
9.0
-1.0
9.9
7.5
2.4
37.2
35 0
1.0
2
.9
22 2
8.6
6.5
4.2
1. 1
1.8
31.1
21.4
10.3
— .6
9.5
6.7
2.8
37.6
34 9
2. 1
3
.4
21 8
8.1
6 2
5.9
1.2
.3
31.2
21.5
10.6
—.8
9.4
6.4
2.9
37.9
34 5
3.8
-j
-.3
21.9
8.7
6.2
5.8
1.0
.2
30.7
21.4
10.4
— 1.0
9.4
6.5
2.9
38.0
35 4
2.2
.l
.3
20. 1
8.9
5.8
4.8
1.2
-.7
31.6
22.4
10.1
-.9
10.3
7.1
3.2
37.3
34 8
1.8
37.7
35 2
1.6
.3
.6
20.8
9.3
6.2
3.7
1.3
.3
31.2
22.4
9.6
.7
21.4
10.1
5.6
4.0
1.2
.5
30.6
21.9
9.6
n
10.7
7.7
3.1
Q
10.3
7.3
3.0
Source: U. S. Department of Commerce, Office of Business Economics.
Table 7.—Implicit Price Deflators for Gross National Product, by Major Type of Product and Purchaser, 1929 and 1947-56
[Index numbers, 1947 = 100]
1929
Gross national product
Nondurable goods
_
Personal consumotion expenditures
Government purchases
_
Durable croods
Personal consumption expenditures.
Producers' durable equipment
Government purchases _
Services
_
Personal consumption expenditures
Government purchases
Construction
Private construction
Government construction
__
__
__
_
_
_____
__
_ _ _ _ _
__
_
_
_
_
_
. __
_
Source: U. S. Department of Commerce, Office of Business Economics.
427489°—57-
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
70.0
100.0
105.5
106.6
107.7
116.0
117.6
119.0
119.9
121. 2
124.9
65.0
64.8
63.6
100.0
100.0
100.0
103.7
105. 9
89.3
102.6
102.3
94.1
101.7
103. 3
82.7
112.4
112.2
154.0
111.5
113.4
97.9
110.4
112.9
93.8
110.9
113.4
92.8
110.4
112.6
95.4
112.6
114.2
96.3
70.2
70.7
68.5
71.2
100.0
100.0
100.0
100.0
106.3
104. 3
108.1
109.2
108.0
105.1
113.3
111.8
109.1
105.1
115. 7
114.9
117.8
112.0
125.7
120.3
118.2
111.3
126.4
123.3
118.2
111.7
127.8
121.8
116.0
109.1
128.2
123.4
117.9
109.9
130.3
125. 6
122. 8
110.7
139. 3
129.6
83.2
88.6
62.7
100.0
100.0
100.0
105.8
105.9
105.9
109.5
108.9
109.6
112.5
111.4
112.8
117.3
116.1
118.8
122.2
120.0
125.8
126.9
125.0
128.9
130.4
128.2
132.9
133. 6
130.4
138. 8
136.8
133. 5
143. 9
55.1
53.9
59.8
100.0
100.0
100.0
111.6
111.4
112.4
111.3
110.7
112.9
113.2
113.9
110.9
122.0
122.8
119.9
125.6
125 9
124.9
129.3
130 1
127.6
128.2
129. 6
125.1
130.4
132.1
126.3
137.3
138.1
135.2
10
SURVEY OF CUEEENT BUSINESS
war period the increase in service prices was much more
pronounced than that in all product prices combined. But
in spite of this increase service prices have moved up less
over the entire period since 1929 than did prices applicable
to gross national product as a whole (see table 8).
In summary, the postwar increase in the share of personal
services in gross national product is largely a price phenomenon and, in any event, the share of these services is currently
still lower than in 1929. Only government purchases of
services (including the services of government employees)
have shown a distinct relative increase over this period.
Within the consumer services total many shifts have occurred during the postwar period and as compared with
1929. These were reviewed in detail in an article in a recent
issue of the SURVEY 3 and only a brief summary is given here.
Housing and household operations, which together account for about one-half of personal expenditures for services,
increased faster than other consumer services during the
postwar period and have recently also constituted a larger
proportion of the consumer service total than in 1929 (allowing, in the case of housing, for the lower than average increase in rental rates).
Expenditures for personal business—about 15 percent of
the consumer total—also have expanded rapidly in the past
ten years, but they still claim a smaller share than in 1929
when they were inflated by an extraordinarily high level of
brokerage charges.
The evidence with respect to medical services (about 10
percent of the aggregate) is less clear-cut, value and physical
measures pointing in somewhat different directions. But
it does not appear that large changes have occurred in the
proportion of this type of expenditure.
Expenditures for purchased transportation services have
declined in relative importance both during the postwar
period and as compared with 1929, reflecting a shift to owneroperated transportation. Expenditures in this latter category are classified mainly under goods. The loss in the relative position of recreational spending can be analyzed in
somewhat similar terms, with admissions to spectator amusements—mainly motion pictures—losing ground to television
purchases.
Religious and welfare spending has decreased in relative
importance during the postwar period; in the immediate
post-war years such spending was at an extraordinary high
rate owing to war-engendered relief activities. The current
share of this type of spending is about the same as in 1929.
Spending for private education has increased relatively
recently and as compared with 1929; spending abroad (both
net tourist expenditures and net remittances to abroad)
have decreased in relative importance.
June 1957
It should be noted that the current dollar construction
figures are probably somewhat understated, and the cost
indexes used to deflate them are inadequate in their reflection
of productivity change. Both operate in the same direction
so that the decline in the share of real construction is overstated. But it seems certain that the relatively better showing of durable goods production than of construction, which
is suggested by the figures, would persist in the face of all
likely modifications in the construction estimates.
Several factors may be adduced as retarding the relative
growth of construction. As regards residential construction,
regional shifts in population have been towards areas in
which, because of climate, local custom, and income factors,
housing construction has on the average tended to be a somewhat less important item 4of expenditure than in areas of
earlier population growth. The secular decrease in the
average size of the family may also have been a retarding
influence. Increasing competition of consumer durables
probably has been another. These durables featured rapid
improvements in quality and included a wide range of products that were entirely new, and their prices appear to have
been rising less rapidly than construction prices.
In the area of nonresidential construction, technological
trends have probably stimulated investment in durable
equipment as compared with plant. Relative price move
ments of the two types of assets also have favored investment in the former, although it seems unlikely that priceinduced substitutes can have played a very important role.
Gross National Product
By major types of products
BILLIONS OF DOLLARS
(ratio scale)
1,000 r
Share of construction
In terms of current dollars the share of construction in
total output has increased rapidly during the postwar period,
and this was true also separately for the private and public
components. Currently the share of construction is somewhat higher than in 1929, reflecting an increase in public
outlays.
In real terms the postwar rise is dampened, and total and
private construction appear to account for a lower percentage of gross national product than in 1929; construction costs
have increased more rapidly than other prices, both during
the postwar years and during the period since 1929 as a
whole. These conclusions do not hinge on the choice of 1929
as a comparison base. Similar conclusions emerge, indeed
with somewhat greater emphasis, if the base is extended to
include all the prosperous years of the late twenties.
3. Carolyn G. Bernhard, "Growth of the Consumer Service Market/' May 1956.
1930
35
40
45
U. S. Department of Commerce, Office of Business Economics
55
60
57-17-5
4. Leo Grebler, David M. Blank, and Louis Winnick, Capital Formation in Residential
Real Estate, National Bureau of Economic Research, New York, 1956, pp. 108-113.
SURVEY OF CURRENT BUSINESS
June 1957
Short-term fluctuations in output
In addition to the long-term changes reviewed so far,
gross national product and its components have been subject
Mo large short-term fluctuations. Chart 4 exhibits these
nuctuations clearly in terms of the great depression of the
thirties; the subsequent recovery, temporarily halted by
the decline of 1938; the World War II boom and readjustment; and, finally, the postwar period of high activity,
interrupted by the recessions of 1949 and 1954.
The chart also shows that the major product components
of gross national product have exhibited very different behaviors. Nondurable goods and services have been relatively stable under the impetus of these short-term fluctuations and, constituting as they do about two-thirds of total
production in normal times, have contributed greatly to
the stability of aggregate economic activity.
Table 8.—Percentage Changes in Implicit Price Deflators for Gross
National Product, by Major Type of Product, Selected Periods,
1929-56
Percentage change
1929 to
1947
Gross national product, total
_
Construction
Durable goods
_
Nondurable goods
Services
__
__
__
_
- _
_
_ __
.
__
_
_ __
1947 to
1956
1929 to
1956
43
25
78
81
37
149
42
23
75
54
13
73
20
37
64
Source: U. S. Department of Commerce, Office of Business Economics.
In contrast durable goods output and construction have
fluctuated widely. Their large drop in the great depression
stands out, as well as their sharp subsequent recovery and
their setback in the 1938 decline.
During the war the behavior of the two items was very
different. The total output of durable goods increased
rapidly as government demand both for military items and
for civilian types of producers' goods much more than offset
the cuts that were imposed on private consumer and business
demand for durables. In contrast, total construction was
cut drastically and the resources thus freed diverted to
other uses.
In line with these disparate wartime patterns total durable
goods output underwent a temporary reduction immediately
after the war, whereas construction started to increase
rapidly as soon as wartime restrictions were removed. The
postwar dips of 1949 and 1954 were reflected in total durable
goods output but not in aggregate construction activity.
Nonfarm commodity and industrial output
The constant dollar measure of nonfarm goods output
presented in this article may be compared with the Federal
Reserve index of industrial production.
The Federal Reserve index traces the value added by
manufacturing and mining to total output, adjusted for price
change. The deflated measure of nonfarm goods output
traces, in constant dollars, the total value of goods, as defined in gross national product, exclusive of the contribution
of farming.
The major definitional differences between the two series
are as follows. The nonfarm goods output measure excludes certain items included in manufacturing output which
in the gross national product are not classified as goods.
The output of construction materials, which in the GNP is
11
included in the value of construction, belongs in this
category.
On the other hand, the measure of nonfarm goods output
reflects value added by nonfarm nonmanufacturing industries—e. g., trade and transportation—to the value of goods
output. The FRB index does not cover such contributions.
Detailed, precise adjustments to render the two measures
comparable cannot be made on the basis of existing statistical information. A rough allowance for the output of construction materials was estimated, but did not significantly
affect the relative movement of the two measures. The
major differences between the two series are: First, a later
cyclical turning point at the depth of the great depression in
the GNP than in the FRB measure. Second, a somewhat
smaller increase in the GNP than in the FRB measure
since
1939, and especially during the postwar period.5
This latter result may very well be associated with the
fact that the GNP measure takes into account nonmanufacturing contribution to goods output. This contribution (e.
g., of the distributive industries) is relatively more important in the case of consumer goods than in the case of goods
flowing to business for investment purposes and to the government. Inasmuch as the output of consumer goods has
increased less rapidly since 1939 than the output of goods
destined for investment purposes or for government use, the
GNP measure would have tended to increase less than the
FRB index.
Another factor, which contributes to the more rapid increase of the FRB index in the period 1939-47, is the fact
that the latter is based on constant values that represent a
cross between 1939 and 1947, whereas the GNP measure is
on a straight 1947 basis. On a 1947 basis the FRB 6index
would show 3 percent less increase from 1939 to 1947.
Table 9.—Farm and Nonfarm Output of Goods in Current and Constant (1947) Dollars and Implicit Deflators
Billions of dollars
Year
Total
goods
output
Billions of 1947 dollars
Implicit deflators
(1947=100)
Farm Total NonFarm
Farm Total NonNonfarm
goods
goods goods farm
goods goods farm
goods output output goods output output goods output
output
output
output
1929
56.5
46.6
9.8
84.8
66.1
18.7
66.6
70.6
52.5
1930
1931
1932
1933
1934
47.3
37.7
27.0
27.3
34.4
39.6
31.5
22.6
22.7
30.1
7.7
6.2
4.4
4.6
4.3
74.7
70.6
58.8
57.1
64.0
57.4
50.4
39.7
39.0
49.0
17.3
20.2
19.2
18.1
15.0
63.4
53.4
45.9
47.8
53.8
69.0
62.5
56.9
58.2
61.5
44.7
30.6
23.2
25.3
28.9
1935
1936
1937
1938
1939
40.2
46.0
51.6
45.7
49.5
33.3
39.7
43.5
39.0
43.0
6.9
6.3
8.1
6.7
6.5
75.4
83.1
92.6
85.2
92.6
56.0
67.5
71.6
64.7
72.3
19.3
15.6
20.9
20.5
20.3
53.4
55.3
55.8
53.7
53.4
59.4
58.8
60.8
60.3
59.5
35.9
40.2
38.6
32.8
32.0
1940
1941
1942
1943
1944
56.7
73.5
94.5
120.9
133.6
49.9
64.2
81.1
105.6
118.0
6.8
9.4
13.4
15.3
15.7
103.4
118.4
131. 0
151.0
167.5
83.3
96.7
107.0
129.1
144.9
20.1
21.7
24.0
21.9
22.6
54.8
62.1
72.1
80.0
79.8
59.9
66.3
75.8
81.8
81.4
34.0
43.2
55.8
69.9
69.2
1945
1946
1947
1948
1949
130. 7
128.6
143.3
156.6
149.9
114.4
109.8
122.7
132.9
129.8
16.2
18.8
20.6
23.7
20.1
162.6
145.2
143.3
149.8
143.8
141.2
122.8
122.7
125.3
121.2
21.5
22.4
20.6
24.5
22.6
80.3
88.5
100.0
104.5
104.3
81.1
89.4
100.0
106.1
107.0
75.6
83.8
100.0
96.8
89.3
165.5
192.4
198.8
206.9
196.9
144.4
167.8
176.1
185.9
176.7
21.1
24.6
22.7
21.0
20.2
158.6
168.1
174.4
182.7
174.8
134.5
145.5
151.4
158.9
149.7
24.1
22.6
23.1
23.8
25.1
104.4
114.4
113.9
113.3
112.7
107.3
115.3
116.3
117.0
118.0
87.8
108.8
98.3
88.2
80.7
213.9
224.6
194.3
204.7
19.7
19.8
189.1
193.1
163.2
166.6
25.9
26.5
113.1
116.3
119.0
122.9
76.0
74.8
_
1950
1951
1952 ..
1953 _
1954
1955_
1956
.
_
Source: U. S. Department of Commerce, Office of Business Economics.
5. Differences during the period 1940-46 were not considered inasmuch as the Federal
Reserve index for those years is in a process of revision.
6. Census of Manufactures: 1947 Index of Production, U. S. Department of Commerce,
Bureau of the Census, and Board of Governors of the Federal Reserve System, Washington, D. C v 1956, p, 4,
by Murray F. Foss and Vito Natrella
Investment Plans and Realization
Reasons for Differences in Individual Cases
N AN ARTICLE published in the January 1957 SURVEY,
I"Ten
Years' Experience with Business Investment Anticipa-
tions," an evaluation of a decade's experience with the Office
of Business Economics-Securities and Exchange Commission
survey of business investment anticipations was presented.
The earlier article demonstrated that the record of anticipations has been a good one in overall terms and by major
industry divisions, in a period that has witnessed substantial
changes in business fixed capital outlays. It also indicated
that the individual firm—as would be expected—did not
anticipate outlays with the same accuracy that was apparent
in the aggregate results. There was, however, a substantial
core of anticipations that came relatively close to realization,
made up in considerable measure of sizable expenditure
programs of large firms.
This article supplements the earlier one by examining in
greater detail for the year 1955 the factors resulting in
deviations of plant and equipment expectations. Specifically,
it presents the results of a special questionnaire, sent to
about 1,100 manufacturing firms, designed to obtain the
principal reasons for the difference between expenditures
made that year and those anticipated for the same period
as reported early in 1955.
The year 1955 is of particular interest because it witnessed
a change in the direction of actual investment and a largerthan-average deviation between expectations and results.
A detailed examination of the reasons for deviations in such
a context, and the company characteristics associated with
them, can be helpful in throwing light on factors affecting
investment decisions. The role of sales expectations is also
considered. In addition, a comparison has been made of the
results with those collected in a similar survey covering
1949, as reported in the December 1950 SURVEY.
Summary of results
1. The survey shows that changes from sales and earnings
expectations were the most important economic factors accounting for shifts in investment programs in 1955. Slower
than expected construction progress and equipment deliveries, however, were mentioned more frequently by firms
spending less than planned.
2. The smaller the firm, the more likely it was to ascribe
changes in investment to unexpected sales and earnings
developments. Large firms mentioned construction progress
with greater relative frequency than the smaller companies.
3. The systematic tendency of many firms to understate
actual spending in their anticipations was evident in 1955.
This has been associated with a lack of regular capital
budgeting. This understatement was particularly noticeable
NOTE.-MR. FOSS IS A MEMBER OF THE BUSINESS STRUCTURE DIVISION, OFFICE OF BUSINESS ECONOMICS, AND MR. NATRELLA IS CHIEF,
SECTION OF ECONOMIC RESEARCH, DIVISION OF TRADING AND EXCHANGE, SECURITIES AND EXCHANGE COMMISSION.
12
among small firms in 1955 when general business expanded
rapidly following the 1954 decline.
4. The present survey confirms the findings in the 1949
survey of the importance of sales and earnings in initiating
changes in investment plans. However, among firms spending less than planned, supply considerations were more
prominent in 1955 than in 1949, while among firms spending
more than planned, this factor was of reduced importance as
between the 2 years.
Significance of findings
The most striking aspect in the performance of manufacturing investment anticipations is that years of very large
increases in plant and equipment expenditures and the 2
years in which investment was reduced have been estimated
most accurately, while years in which upward turning points
in investment have occurred—1950 and 1955—have shown
greater-than-average deviations.
The primary factor giving rise to large unexpected changes
in investment would clearly seem to be unexpected developments in sales and the concomitant changes in profits. This
can be seen in the chart, where large positive deviations in
both investment and sales stand out in 1948, 1950 and 1955.
It is confirmed by the emphasis on sales and earnings in the
1955 questionnaire and there can be little doubt as to the
importance of unexpectedly good sales both before and after
the outbreak of the Korean hostilities in 1950.
While sales and profits developments are of major importance, other considerations are also relevant and act to
modify the sales influence, as suggested by the questionnaire
results. An examination of company deviations over the
past several years shows that in ever}?' year the proportion
of small and medium companies spending more than planned
has been in excess of 50 percent. The proportions, however,
have been lowest in 1949 and 1954, and also in 1952, a year
of a major work stoppage in steel, and greatest in the years
1950 and 1955. Thus, this tendency acts to accentuate
positive investment deviations in years when sales have
exceeded anticipations, but to reduce the size of a negative
deviation when sales fall below expectations, as they did in
in 1949 and 1954.
Both the December 1950 and the January 1957 articles
demonstrated that large programs (relative to the firm's
gross fixed assets) came much closer to realization than small
ones. Large scale programs were a feature of the Korean
mobilization period (notably 1951 and 1952) and were also
of unusual importance in the 1956 investment advance.
The relative importance of large programs was lower in
1954 and yet this year was among the most accurately anticipated in aggregate. To an important extent this was due to
the fact that the 1954 anticipation included expenditures
for the completion of large projects begun in an earlier period.
This type of investment is not postponable and must be
SUEVEY OF CURRENT BUSINESS
rune 11)57
•omplotod except under extreme circumstances. The 2
ears of limited downturn so far encountered in the postwar
>eriod have represented late stages of expansion programs
hat were still sizable at the beginning of the year and thereore involved the companies engaged in them in a conrniitnent to complete. Thus, the stock of construction and
•quipment under way in a given year exerts a stabilizing inluence when it is large, especially relative to a year's anticipaion.
Similarly, when the stock of construction and equipment
in dor way is small, the stabilizing influence will be diminshed, and the effects of the plant and equipment supply
situation are reduced in importance. It is of some significance that the relatively large deviation which was evident
n the quarterly survey in the first half of 1950 followed a
downturn in investment, the low point of which coincided
with the postwar low in unfilled orders for machinery and in
industrial construction started but not completed.
r
Explanatory Factors in Investment Changes
Table 1 gives the basic distribution of principal reasons
for the changes in 1955 planned investment in manufacturing. In overall terms, 547 of the 982 firms tabulated, or 56
percent, attributed their changed expenditures to unexpected
changes in economic conditions (section I). About onethird of the respondents gave reasons other than unforeseen
changes in the economic climate (section II), while somewhat
more than one-tenth explained what they bought (or did
not buy) but did not give the reason for it. If firms not
specifying reasons are excluded, among firms spending more
than planned the proportions of firms falling in sections I
and II were 60 and 40 percent, respectively, while the corresponding percentages among firms spending less than
planned were 70 and 30 percent. The technical notes
describe in greater detail the reasons on the check list.
Table 1.—Distribution of Manufacturing Firms According to
Reasons for Changes From Investment Anticipations, 1955
Firms spending Firms spending
less than anmore than anticipated
ticipated
All firms
Number
Number
Percent
Percent
Number
Percent
Section I
Changes from expectations in:
N e t earnings . _ _
_ _ _ _ _ _ _
Sales
Construction progress and equipment deliveries
Capital goods prices
Working capital requirements
Outside financing
Competitive conditions
Order backlogs
_
Other economic conditions
_
Total section I
102
205
£
63
182
17
48
39
23
23
13
132
32
24
6
42
28
11
8
90
4
53
2
10
7
25
6
28
2
1
1
2
6
1
6
7
1
1
1
4
4
1
1
1
2
5
3
6
24
5
24
547
100
377
100
170
100
34
20
21
55
11
6
17
32
17
18
52
13
7
7
20
2
3
3
3
3
5
4
4
32
77
81
10
24
25
23
52
58
9
21
23
9
25
23
13
37
34
320
100
252
100
68
100
f
Section II
Other explanatory factors:
Equipment breakdowns
Management changes
Mergers
Incomplete anticipations
_
Accounting adjustments and errors.Routine over- and under-estimates-All other
Total section I I
. _
Section III
Reason not specified
Grand total
115
84
31
982
713
269
Source: Office of Business Economics and Securities and Exchange Commission.
13
The pattern of reasons among firms spending more than
planned is quite different from that of companies that spent
less. Those reasons closely related to both sales and earnings (net earnings, sales, and order backlogs) account for
approximately two-thirds of the section I answers given by
firms spending more than planned.
Unexpected delays in equipment deliveries and construction progress was the chief factor given by companies spending less thr.Ji a n t i c i p a t e d ; disappointments in net earnings
and lower-* han-anttcipated soles, in that order, were next
in imporUuKf. TLcrv three reasons combined accounted
for almost seven-eighths of the cases in this category.
It if not surprising that those firms spending more than
anticipated mentioned the sales reasons so often, given the
high liquidity
of business at the start of 1955 and the rapidity
of the rise1 in sales in the first three quarters of the year.
As one check on whether there were characteristic differences
between firms mentioning earnings'—where availability of
funds was stressed—and those mentioning sales-—where
capacity requirements were emphasized-—an investigation
was made of liquidity ratios. It might be thought that
firms emphasizing the importance of unexpected changes in
earnings as the motivating factor in revising investment
plans, whether upward or downward, would be less liquid
than firms stressing the role of capacity requirements. On
the basis of a check on liquidity ratios at the start of 1955,
however, there appeared to be little difference in liquidity
between the firms checking reasons in these two categories.
Plant and equipment costs were cited infrequently, but
relatively more often among firms spending more than
planned. Outside financing was mentioned somewhat more
by firms exceeding anticipations than by those falling short,
but in both cases the number of answers was negligible.
Industry
differences
The rapid increase in fixed investment after the first
quarter of 1955 that followed the swift upward movement in
sales in durable-goods industries is reflected in the detailed
survey results. Among firms attributing their changed
investment to unexpected economic developments, some
three-fifths of the durable-goods manufacturers whose capital outlays exceeded their original intentions found that this
was a response to the capacity requirements of greater-thanexpected sales. This was especially noteworthy in iron and
steel, nonelectrical machinery and fabricated metal products.
In contrast, only two-fifths of nondurable-goods producers
spending more than anticipated stressed the sales reason.
A changed earnings picture was mentioned with greater relative frequency by nondurable-goods producers exceeding
plans than by durable-goods producers, though the reverse
situation was true among firms spending less than planned.
Size of deviations
A breakdown was prepared of size of deviation associated
with each of the reasons for change. In general it was found
that among firms exceeding plans, sales and earnings factors
increased in importance with size of deviation. On the other
hand, the proportion of firms attributing deviations to faster
equipment deliveries and higher capital goods costs showed
an inverse relationship with size of deviation. This pattern
is to be expected since the last two reasons involve expenditures already anticipated, whereas the former frequently
involve expenditures that were not even contemplated when
the anticipation was supplied. Similarly, among firms
spending less than planned, reasons associated with equipment deliveries and construction progress tend to decrease
in relative importance as the size of the deviation increases.
SURVEY OF CURRENT BUSINESS
14
Other reasons
The primary significance of the answers shown in section
II—listing mostly noneconomic factors—is that they point
out some of the important reasons why many firms tend to
give consistently low anticipations. It may be noted, for
example, that in section I there are about twice as many
Manufacturers spending more than anticipated
100 —
OTHER
ECONOMIC
REASONS
_
'
CONSTRUCTION
PROGRESS
FASTER
50 -
SALES AND
EARNINGS
HIGHER
The category "incomplete anticipations"—about one-sixt
of the firms in section II—applies to those cases in which th
firm supplied an anticipation based exclusively on commit
ments or orders outstanding, or on management approval
outstanding, without having made some allowance fo
subsequent orders or approvals. It also covers cases i
which the firm sent in preliminary figures, before the ne~\
capital budget for the year had been approved, as well a
cases in which the firm was on a fiscal year basis, so that th
latter part of the calendar year fell outside the period fo
which plans had been drawn. The deviations are almos
exclusively on the positive side.
The typical firm that gave "management changes" as \
reason for changing investment plans spent more thai
anticipated in 1955. Similarly, the category "accounting
adjustments and errors" usually involved the omission of ?
particular item from the anticipated capital outlay and it
inclusion in the actual expenditure.
Routine errors
25-
UNDER
$10,000,000
Asset-size
class
firms that exceeded plans as fell short, whereas in section I
the ratio is about four to one.
Very high ratios of firms spending more than anticipate
as against less are found
in the categories "unexpecte
machinery breakdowns/ 7 "mergers," and "incomplete antic
ipations." The first group also includes a small amount c
accidental damage to capital attributable to natural disasters
Incomplete anticipations
Companies Classified According to
Reasons for Deviations From
Planned Investment, 1955
7c
3
June in."
$10,000,000
TO
$50,000,000
OVER
$50,000,000
Manufacturers spending less than anticipated
100 —
OTHER
ECONOMIC
REASONS
75CONSTRUCTION
PROGRESS
SLOWER
One-fourth of the firms classified in section II gave answers
in the category labeled "routine over- or under-estimates.'
This embraces examples of companies that indicated thai
they did not practice capital budgeting or that, having IK
adequate basis for providing an anticipation, they could
supply anticipations only within wide margins of error
Sometimes a firm classified here budgeted what it referred
to as a "nominal amount" for replacement and made expenditures as the "need" arose during the year. This group
shows the lowest ratio of "excesses" to "deficiencies" in the
section II answers.
The "all other" category includes a large number of cases
in which it was clear that the decision to alter the anticipated
investment had an economic basis but that this basis was
not related to unexpected changes in economic conditions.
Often the respondent indicated that the decision was made
on the basis of information supplied through a special
engineering study or test, the results of which were not
available when the original anticipation was supplied.
The category also includes other miscellaneous reasons, such
as legal problems, that may have postponed or occasionally
required a capital outlay.
50 —
Deviations by size of firm
25 —
SALES AND
EARNINGS
LOWER
Asset-size
class
c>
UNDER
$10,000,000
$10,000,000
TO
$50,000,000
OVER
$50,000,000
Data-. SEC 8 QBE
0, S. Department of Commerce, Office of Business Economics
57-17-6
It was demonstrated in the previously mentioned studies
that programs of large firms came close to realization more
often than those of smaller companies, and that whereas the
former group was about equally divided between those
spending more and less than planned, there was a pronounced
tendency to exceed anticipations among the smaller companies. A further insight into these patterns is possible
through an examination of table 2, which presents the survey
results for three asset-size classes.
Among firms answering in section I and spending more
than planned, the proportion of reasons related to higher
sales and earnings decreases as size of firm increases, dropping
from just over two-thirds of the firms in the smallest asset-
June 1957
SURVEY OF CURRENT BUSINESS
15
Table 2.—Distribution of Manufacturing Firms According to Reasons for Changes from Investment Anticipations, 1955, by Assets Size
Firms spending more than anticipated
Under $10 million
$10 million to $50
million
Firms spending less than anticipated
Over $50 million
Under $10 million
$10 million to $50
million
Over $50 million
Number
Percent
Number
Percent
Number
Percent
Number
Percent
Number
46
133
23
14
18
51
9
5
14
40
16
13
15
43
17
14
3
9
3
1
13
40
13
4
29
19
35
3
31
20
37
3
9
3
29
1
20
7
66
2
1
1
26
0
3
3
84
0
3
21
21
1
8
8
0
2
8
0
2
9
0
1
6
0
4
26
5
0
4
5
0
4
2
0
0
5
0
0
0
1
2
0
3
7
261
100
93
100
23
100
95
100
44
100
31
100
28
16
5
31
18
10
3
19
4
1
12
15
6
2
18
23
0
0
1
6
0
0
4
22
2
2
3
0
4
4
7
0
0
1
0
2
0
5
0
11
0
0
0
0
0
0
20
13
36
31
8
23
19
5
13
15
8
20
23
5
3
12
18
11
45
. 7
19
12
16
42
27
1
5
9
6
28
50
1
1
2
20
20
40
Total section II
160
100
65
100
27
100
45
100
18
100
5
100
Total sections I and II
421
Percent
Number
Percent
Section I
Changes from expectations in:
Net earnings
_
_
Sales
C onstmction progress and equipment deliveries. _
Capital goods prices
Working capital requirements
Competitive conditions
Other economic conditions l
_
Total section I
_ __
Section II
Other explanatory factors:
Equipment breakdowns
Management changes __
Mergers
Incomplete anticipations
_
_.
_
_
Accounting adjustments and errors
Routine over- and under-estimates
All other
_
_ __
_
_ _
- -
158
140
50
62
1
36
1. Also includes outside financing and order backlogs.
Source: Office of Business Economics and Securities and Exchange Commission.
size group to just over one-half of the largest companies.
The differences are much more pronounced among firms
spending less than planned: they fall from 50 percent of the
smallest companies to only 5 percent of the largest.
Equipment deliveries and construction progress were cited
infrequently by firms exceeding plans; the relative importance
of this factor appears only slightly higher among medium
and large firms than among smaller companies. However,
of firms whose spending fell short of expectations, this
element shows a very marked increase in relative importance
as size of firm increases: from three-eighths of the smaller
firms to five-sixths of the largest ones.
Table 3.—Distribution of Manufacturing Firms According to Reasons for Changes from Investment Anticipations, by Scale of Investment
Firms spending more than anticipated
Firms spending less than anticipated
Scale of investment 1
Scale of investment *
Under 5 percent
5.0 percent to 9.9
percent
10 percent or more
Number
Percent
Number
Percent
Number
Percent
9
47
16
7
17
10
49
17
7
17
10
37
11
9
7
14
50
15
12
9
4
15
4
5
6
12
43
12
15
18
96
100
74
100
34
6
3
9
18
7
4
11
21
1
1
6
9
3
3
17
25
8
21
20
9
25
23
7
5
7
19
14
19
85
100
36
100
Under 5 percent
Number
5.0 percent to 9.9
percent
10 percent or more
Percent
Percent
Number
Percent
Number
7
3
13
1
0
29
13
54
4
0
7
2
25
0
2
19
6
69
0
6
7
2
34
0
4
15
4
73
0
8
100
24
100
36
100
47
100
0
1
3
3
0
6
19
19
0
3
0
2
0
18
0
12
0
1
2
0
0
6
11
0
0
0
1
2
0
0
6
12
2
3
4
12
19
25
2
7
3
12
40
18
1
8
6
6
44
33
3
4
7
18
24
40
16
100
17
100
18
100
17
100
Section I
Changes from expectation in:
Net earnings
Sales-.
Construction progress and equipment delivereries
Capital goods prices
Other economics conditions 2 _ _ _
______
Total Section I
Section II
Other explanatory factors:
Equipment breakdowns
Management changes-.
Mergers _
_
_
Incomplete anticipations
__
Accounting adjustments and errors
Routine over- and under-estimates
All other
Total section II
Total sections I and II
_
181
110
50
1. Based on the ratio of anticipated expenditure for 1955 to gross fixed assets at beginning of year.
2. Also includes working capital requirements, outside financing, competitive conditions, and order backlogs.
Source: Office of Business Economics and Securities and Exchange Commission.
41
54
64
16
SURVEY OF CURRENT BUSINESS
Among companies whose outlays exceeded anticipations,
competitive conditions and working capital requirements
were mentioned relatively more often by the smallest firms
than by companies in the other size groups.
About two-fifths of the firms in each size class cited the
reasons listed in section II as the principal cause for the
change in their anticipated 1955 investment. The composition within each group, however, is different. Reasont
associated with a lack of formal budgeting, such as hes
failure to make allowance for unexpected machinery breakdowns, and routine errors are listed with much greater
frequency by the smaller companies.
Scale of investment
The previous article also pointed to a significant role
played by scale of investment, where scale was measured by
the ratio of the anticipated expenditure to gross fixed assets
at the beginning of the year. Large programs generally
came closer to realization than small ones, and because such
programs were relatively more prevalent among large companies, this was an important factor in the greater relative
accuracy in the investment anticipations of large companies.
With scale of investment held constant, large firms were
still more accurate than smaller ones; however, large programs of smaller firms were more accurate than small programs of large firms.
Table 3 presents the questionnaire results by scale of
investment; the sample is smaller than that shown in table 2,
chiefly among small firms.
Among firms exceeding plans, there did not appear to be
any pronounced relationship by scale of investment in the
relative importance of sales and/or earnings; annual expenditure programs under 10 percent of gross fixed assets show
perhaps a slightly higher ratio in this respect than programs
over 10 percent. But among all firms spending less than
planned the difference is quite distinct—earnings and sales
are mentioned in one-third of the programs under 10 percent
but in only 6 percent of those over 10 percent. Among
companies spending less than anticipated, equipment deliveries and construction progress is the single most important
factor, and its importance increases with size of program.
Although the data are quite limited, the above conclusion
with respect to scale of investment appears to hold when
size of firm is held constant. Similarly, when scale of
investment is held constant, the smallest firms are most
sensitive to changes in earnings and sales, while equipment
deliveries and construction progress assume more importance
with the large companies.
is obtained (r=.92) between the relative deviations of actual
and anticipated investment and the relative deviations of
actual and anticipated profits. Here anticipated profits
are derived from expected sales as reported and an assumption that the profit-sales ratio in the anticipated year would
be the same as the actual ratio in the previous year.
It is not possible, on the basis of a simple correlation,
limited to only 9 years, to segregate the separate effects
of unexpected capacity requirements and unexpected earnings, since the two are closely interrelated. Moreover,
these factors are usually positively correlated with other
factors, such as changes in capital goods costs, which also
tend to make actual investment change in the same direction.
Company relationships
As a first approach to the relationship between investment and sales deviations, correlations were run between
company sales and investment deviations for all firms supplying such data in 1955, whether or not they were canvassed
with the special questionnaire. The results obtained were
poor and confirm those of a similar correlation for 1949.
Manufacturers' Forecasts Establish
Good Record
Change from previous year
PERCENT
+60
INVESTMENT
+40
Sales anticipations have been a feature of the annual
surveys since 1948. This section reviews the relationship
between the realization of sales anticipations and the realization of investment anticipations. The extent to which
the former is realized should have an important bearing on
the realization of investment expectations: the sales anticipation forms the basis of expectations with respect to nearterm profits and production requirements and also indicates
how the firm views its longer-range prospects.
Aggregate
+20
-20
49
50
5!
52
53
54
55
56
57
56
57
PERCENT
+40
SALES
Anticipated
Actual
+20
T
relationships
For manufacturing as a whole there is a high positive
correlation between the relative size of the deviation in
investment anticipations and the relative size of the deviation in sales expectations; the coefficient of correlation for
the years 1948-56 is .88. A somewhat better relationship
Actual
Anticipated
1948
Relationships with Sales Anticipations
June 1957
-20
1948
49
50
51
52
53
54
55
Data: SEC 8 QBE
U. S. Department of Commerce, Office of Business Economics
57 - 17-7
June ID")7
SURVEY OF CURRENT BUSINESS
A cross-tabulation of sales and investment deviations,
on the one hand, with reasons for deviations, on the other
hand, should bring to light some of the areas where a high
positive relationship between the two deviations is absent.
Table 4 presents this information for those firms supplying
actual and anticipated sales in 1955. In order to summarize
the results only a comparison of the signs of the sales and
investment deviations is shown. Where the signs are identical we can investigate further the possibility of a more general correlation.
Confining our attention to those cases showing unlike
signs we consider first companies that listed their principal
reason in section I. It can be seen in table 4 that of firms
experiencing an increase in sales above expectations, the
failure of equipment deliveries and construction progress
to meet schedules is by far the most important factor associated with investment lower than expectations. The
second most important factor mentioned in this particular
category is net earnings—a reflection of the fact that higherthan-expected sales need not always be accompanied by
higher-than-expected earnings. Working capital requirements may also be noted; the most frequently mentioned
reason for an increase in working capital requirements
above
expectations was an unexpected sales increase.1
Among firms experiencing a decrease in sales below expectations and spending more than planned, there are no
reasons that predominate, as was true above. In terms
of numbers, moreover, this category is less important than
the one just considered. Plant and equipment prices,
earnings below expectations despite higher sales, and competitive conditions may be noted. Some companies attributed an increase in investment to higher sales at the
same time that the data reported to the OBE and SEC
showed actual sales below anticipations. By far the most
important' reason for this apparent contradiction is that
the investment was undertaken for a particular product,
sales of which exceeded expectations, even though overall
company sales as reported in the regular survey were not so
good as anticipated.
A breakdown by size of firm shows that, among firms with
higher-than-cxpected sales, supply conditions are by far the
most important factor causing a reduction in planned outlays, and that the importance of supply conditions increases
with size of firm. This is related to the fact that large-scale
programs become relatively more common as size of firm
increases.
17
Comparison with 1949 survey
As was pointed out in the 1950 article, the relative importance of factors influencing changes in investment plans
ought to show some variation between years of different
economic characteristics. The completion of the 1955
survey makes possible at least a limited investigation toward
this end through a comparison with the results for 1949, a
year of mild downturn.
Confining attention only to those firms attributing changes
to unexpected economic developments, we find that in broad
outline the two surveys are roughly similar: (1) for all firms
combined, factors related to profits, working capital requirements and sales accounted for somewhat over 50 percent
of the changes in 1949 and 60 percent in 1955; (2) supplies
and cost were mentioned in about one-third of the cases in
each year; (3) outside financing was rarely mentioned in
either survey.2
Table 4.—Distribution of Manufacturing Firms According to
Reasons for Changes from Investment Anticipations, by Change
in Company Sales From Anticipations, 1955
Sales higher than expected Sales lower than expected
Investment Investment Investment Investment
higher than lower than higher than lower than
expected
expected
expected
expected
Number
Per- Numcent ber
Per- Numcent ber
Per- Numcent ber
Percent
Section I
Changes from expectations in :
Net earnings _
Sales
Construction progress and equipment deliveries
Capital goods prices
Working capital requirements
Competitive conditions
Other economic conditions 1
Total section I
40
119
17
52
13
5
15
6
9
17
16
31
17
11
41
26
31
12
13
5
58
4
65
4
5
11
9
20
13
0
31
0
3
12
17
1
5
7
6
1
2
7
1
2
0
4
9
0
7
17
1
0
0
2
0
0
234
100
89
100
55
100
42
100
Section II
Other explanatory factors:
Total section II
124
35
47
21
Total sections I and II
358
124
102
63
1. Also includes outside financing and order backlogs.
Source: Office of Business Economic and Securities and Exchange Commission.
Other relationships
Patterns
A final question that may be raised is how close a correlation there is between investment deviations and sales or
earnings deviations for those companies that explicitly attributed their changed investment to changes in sales or
earnings from expectations. In no case was a high proportion of the total variation accounted for by the one independent variable selected. The test variables in each of
three simple correlations included the percentage deviation
in 1955 between actual and anticipated sales; the percentage
change in sales from 1954 to 1955; and the percentage deviation between actual and expected profits plus depreciation.
One reason for the much higher correlation between sales
and investment deviations on an aggregate level—even
allowing for the fact that the sales variable is positively
correlated with other independent variables—is that for
manufacturing as a whole investment requirements for a
unit increase in capacity are considerably more stable than
they are for the firm or for an industry.
A separate examination of firms spending more and those
spending less reveals differences. Among firms spending
more than planned, although sales considerations are mentioned much more frequently than net earnings and working
capital requirements in both years, these two factors combined were less important in 1949 than in 1955—35 percent
as against 65 percent. Supplies were mentioned much more
frequently in the earlier year than in 1955—25 versus 11
percent and the same was true of costs—-19 versus 7 percent.
On the downside, sales, profits and working capital requirements were mentioned in over 70 percent of the cases in 1949
as compared with about 40 percent in 1955, whereas supplies
were mentioned by less than 15 percent of the firms in 1949
but by more than half of the companies in 1955.
As between the 2 years, the differing relative importance
of conditions in capital-goods supplying industries is particularly interesting because it is suggestive of a compensatory
effect, which serves to limit or modify the investment
1. A few firms that in vested less because sales exceeded plans indicated that their construction crows were needed for the increased volume of maintenance work.
427480°—57
3
differ
2. In making the above and succeeding calculations for 1949 the routine over- and underestimates, timing and miscellaneous classifications were omitted from the base in order to
make for comparability with the section I classifications for 1955.
18
SURVEY OF CUERENT BUSINESS
deviations caused by departures from sales and profits
expectations. In the rapid upturn of 1955, forces were set
in motion working in the direction of making actual outlays
exceed anticipations. With sales exceeding expectations,
programs for new capacity and replacements were increased.
But the increased demand for new investment goods put a
strain on labor and materials supplies in capital-goods
supplying industries; delivery schedules were upset and many
firms, especially those engaged in large programs, found that
earlier anticipations could not be met for these reasons.
This factor tended to reduce the excess of actual outlays over
anticipated expenditures.
June 195'
An opposite situation prevailed in 1949. With sales and
profits falling below expectations, the incentive to cut programs was increased, as indicated by the high proportion of
firms which checked this factor in 1949 and also reduced
programs. But this decreased demand for capital goods also
made possible faster construction progress and equipment
deliveries for other programs, as evidenced by the high proportion of supply reasons adduced by firms that exceeded
plans in 1949. Undoubtedly the 1949 experience reflected
some easing of the early postwar shortages but there can be
little doubt that it reflected more than simply the unusual
supply situation associated with that period.
Technical Notes
The questionnaire was mailed to manufacturers whose actual capital outlays in 1955 were
either 25 percent more or 25 percent less than anticipated; in the case of firms with assets of
$50,000,000 or more, the comparable cutoff was 15 percent. Firms with an actual and aijticipated expenditure of less than $10,000 on the other hand, were excluded.
Approximately 55 percent of the 2,000 manufacturing firms reporting anticipations in 1955,
accounting for 50 percent of total manufacturing investment, came within scope of this
survey.1
Replies were received, primarily in the fall of 1950, from 982 manufacturers, a 90 percent
response rate. Included in the above figures are returns from about 100 firms, the officials
of which were interviewed in person in early November 1956.
Content of the questionnaire
The questionnaire consisted of two main sections. Companies were asked to give anwers
in section I, if the difference between 1955 investment and expectations reported at the beginning of that year was primarily attributable to unexpected changes in economic conditions.
If so, they were requested to check one principal reason, of several on a checklist, and any
other major reasons; and further, to explain briefly how the principal answer checked affected
1955 capital outlays. Only a limited number of firms gave subsidiary reasons, so these results
have not been shown. However, most firms added explanations and most of these proved
very helpful in interpreting the answers.
If the principal reason was not an unexpected change in economic conditions, answers were
to be given in section II, which did not provide a checklist. It was not intended to exclude
economic considerations from this section; it was designed to embrace both noiieconomic
factors and economic factors not necessarily involving a change from expectations.
Factors listed in section I were: unexpected changes in net earnings, sales, equipment
deliveries and construction progress, plant and equipment costs, working capital, and the
cost of outside financing. Space was also provided for specifying "other changes from expectations." Each of the factors in turn was broken down into two parts, according to whether
conditions were more or less favorable to investment than expected.
Explanation of items on checklist
A brief explanation of each of the section I items is as follows:
The category "net earnings" was designed to cover those cases where deviations from
profits expectations affected investment plans because funds were more or less plentiful than
had been anticipated, or because the prospective return on the investment was more or less
than had originally been thought, or because of other factors related to changes in earnings
from expectations. Firms checking this reason mentioned the availability of funds most
frequently as the explanation for the alteration in spending plans. Companies which explained that the change from their expenditure anticipations resulted from a change in sales,
which in turn caused earnings to change from anticipations, were classified in this category,
even though they may have checked "sales" as the principal reason. A small group of firms
checking both sales and earnings as principal factors was also included in this category.
The category "net sales" was meant to embrace primarily cases where investment was
altered because existing capacity was considered inadequate, or more than adequate in the
light of the new sales situation. The "net sales" category also includes cases where the sales
1. At the present time close to 4,000 manufacturing firms are reporting anticipations in
the OBE-SEC survey.
improvement came from new products or from a changed composition of demand. If a firm
increased outlays for some particular product because the sales of that product improved
while the firm's overall sales fell below expectations, the firm was kept in the "net sales"
category. Companies emphasizing orders backlog or the sales outlood rather than current
sales were classified elsewhere in section I.
"Equipment deliveries and construction progress" covers primarily those cases where outlays were made ahead of or behind schedule because of the labor (including engineering) and
materials supply situation. Companies that hastened or slowed down an existing program
because of a changed profits situation were classified in the net earnings category.
"Plant and equipment costs" refers primarily to those cases where the prices paid to equipment suppliers and construction contractors were more or less than anticipated. The deviation in the dollar value of investment was generally in the same direction as the cost change
but in a few instances an unexpected purchase was made because of an unexpectedly favorable price development.
The category "working capital requirements" covers cases where investment was changed
as a result of an unanticipated change in the firm's working capital position. Cases of higherthan-expected sales volume, leading first to increased working capital requirements and
then to a reduction in planned outlays, were classified in this category. Cases in which this
working capital change was attributed to a changed earnings position were included under
"net earnings."
"Outside financing costs" refer to unexpected changes in interest rates or the cost of equity
capital that led to a revision in investment plans.
"Competitive conditions." This category covers cases in which the decision to alter spending plans was related primarily to a reappraisal of the firm's competitive position. It is
realized that every firm must consider its competitive position in making all but minor investment outlays; the classification used here is obviously one of relative emphasis. In a
number of instances the firm indicated that its sales and/or profits turned out worse than
expected and investment was increased over the anticipated amount in an attempt to improve its position.
"Orders backlog." This includes cases where it was not so much the current sales position that changed from expectations as it was the volume of orders that was being added.
Firms stressing a change in the longer-term sales outlook were also classified here.
"All other reasons." This covers a variety of reasons, such as unexpected technological
developments; unexpected changes in a major element of current expense; an unusual supply
development, as might be occasioned by a crop failure; or an unusual opportunity to buy
used equipment or an existing building.
Other explanatory factors
The other main group of reasons reported in this survey refers to those cases where investment anticipations were altered for reasons other than unexpected changes in economic
conditions. The survey form listed a number of examples, such as an unexpected breakdown
of a machine; a merger; or a routine over- or under-estimate. All decisions, of course, are
made in a particular economic setting and it is quite possible that under different economic
circumstances some of the answers included in this broad group of reasons would be included
in section I.
Designated as a "not specified" group in table 1 are those firms that failed to indicate why
they changed their investment plans but explained instead what facilities were added to or
dropped from the initial anticipation. Some firms in this group merely stated that they
had increased or decreased their programs.
by Frances P. Sasscer
New Record in Foreign Travel
Pattern Shifts but Uptrend Continues
XPENDITURES by Americans for foreign travel
E
amounted to $1.8 billion in 1956, an increase of 12% percent
over the preceding year. The relative increase was somewhat less than in 1955, but in dollar terms the rise in the 2
years was about the same. Last year's percentage advance
in foreign travel expenditures was about twice that in disposable personal income. Foreign travel is among those
consumer expenditures which have shown an exceptionally
large expansion in the postwar period.
This growth is one facet of the gradual rise in the standard
of living in the United States, a feature of which has been
the use of a larger proportion of consumer incomes for recreational and related purposes. The domestic travel industry
also has experienced a boom since the wartime restrictions
were lifted.
During the first quarter of this year—as a result of the
Suez crisis—foreign travel outlays after allowing for seasonal
influences declined. However, the number of passport applications so far this year indicate that the rising trend will
continue for the year as a whole.
The trend of foreign travel in the postwar years follows:
Travel is not only a large item of United States foreign
expenditures, but also figures prominently in our receipts
from abroad. Purchases by foreign visitors in the United
States, including fares paid by them to United States carriers, were about $770 million in 1956. For comparison, this
was a larger amount than we received in that year from such
major exports as cotton or electrical machinery and apparatus
and about as high as exports of passenger cars and trucks.
Travel pattern changes
Most of the $200 million increase in 1956 expenditures on
foreign travel went overseas. Expenditures in Canada and
Mexico, which amounted to nearly $600 million in 1956, rose
$34 million, or about 6 percent. A large part of these expenditures are made in border areas on relatively short trips,
and do not respond to rising incomes so markedly as does
overseas travel.
Table 1.—Estimated Expenditures of United States Residents on
Foreign Travel 1955-56 *
[Millions of dollars]
[Millions of dollars]
1956
1955 '
Fares paid
Foreign
To
expendiforeign
tures
carriers
Year
1947
573
1950
1953
_ _ _
55
Total
To
United
States
carriers
88
Total
716
754
145
123
1 022
929
179
198
1 306
183
209
1 401
1955
1 153
201
258
1 612
1956
1 275
238
301
1 814
_
___
Dollar income of foreign countries from United States
travelers of $1.5 billion—the fares collected by their ship
and plane operators and the goods and services purchased
abroad—represents a larger sum than the amounts spent
abroad for coffee or petroleum, our two largest import items.
Travel accounted for 7% percent of our total outlays for imports of goods and services. In the case of Western Europe
and nearby Canada and Mexico, this percentage was higher.
NOTE—MRS. SASSCER IS A MEMBER OF THE BALANCE OF PAYMENTS
DIVISION, OFFICE OF BUSINESS ECONOMICS.
___
Expenditures abroad _
Canada _
Mexico
1,009
1954
Transportation
Foreign flag carriers.
United States flag carriers
Total oversea areas
Europe and Mediterranean
United Kingdom . _
.
Eire
Scandinavia
_ _ _ _ _ _ ._ _
France
_ _____
Benelux
Germany.-__
Austria
__ __
Switzerland
Italy
Spain _
_ _ _
Eastern Mediterranean ... _ _ _ _ _
West Indies and Central America
Bermuda. _ _
British West Indies
Cuba
.
Other West Indies
Central America, _ _
South America
_ _
Other oversea ._ _
Japan
Hong Kong _ _
Philippine Islands
_
__ _
_
_
_
1 612
1 814
459
201
258
539
238
301
1 153
306
255
1 275
316
279
592
680
oou
430
72
8
24
81
19
46
10
38
83
20
22
473
82
11
29
85
20
53
14
38
94
21
18
107
25
37
27
9
9
134
26
50
37
11
10
22
29
33
16
5
4
44
22
g
0
1. Excludes travel by military personnel and other Government employees stationed
abroad, their dependents and U. S. citizens residing abroad; includes shore expenditures of
cruise
travelers; passenger fares exclude fares paid by emigrant aliens.
r
Revised.
Source: U. S. Department of Commerce, Office of Business Economics, expenditure estimates based on questionnaire returns.
19
SURVEY OF CURRENT BUSINESS
20
Europe and the Mediterranean area accounted for nearly
$43 million of the rise, the West Indies and Central America
for $27 million, and South America and the Far East for $18
million.
Fares to overseas destinations rose about $80 million in
1956, of which $37 million accrued to foreign carriers and $43
million to domestic carriers. From 1955 to 1956, fares for
overseas transportation accounted for nearly as much of
the rise in payments for overseas trips as did the expenditures
within overseas countries. Fare payments increased 17
percent, and expenditures overseas 15 percent. The relative
rise in fares reflects changes in the travel pattern.
Trips overseas by United States residents (excluding
Government personnel and their dependents and travelers
on cruises) increased 164,000 over 1955, to reach 1,239,000
in 1956. In 1955, 45 percent of these trips were to Europe
and the Mediterranean, 48^ percent to the West Indies and
Central America, and 6^ percent to South America and other
overseas areas.
Of the 164,000 increase in 1956, however, the share of the
West Indies and Central America rose to two-thirds, that of
South America and other overseas areas combined to onetenth, while the additional trips to Europe and the Mediterranean area amounted to one-fourth.
Only 9,000 of the additional trips were made by ship; all
the others were by plane. For European trips ships were
used for 12,000 of the total of 39,000 additional voyages, a
lower ratio than in 1955. The additional travel to the West
Indies and Central America involved only planes. Ship
passengers to South America and other overseas areas
declined by about 3,000, while total travel to these areas
increased by 16,000. This trend toward plane travel has, of
course, been a feature of the entire postwar period.
Table 2.—Number of United States Travelers to Oversea Countries,
by Means of Departure from the United States, 1955-56 l
[Thousands]
1955
Oversea total
1956
1. 075
318
1, 239
327
912
482
214
268
521
226
295
522
87
435
63 1
87
544
89
20
09
93
18
181
25
156
223
19
204
210
33
177
261
43
218
34
6
28
42
Other oversea, total
Sea
37
11
26
45
9
36
Japan, total
Sea
28
8
20
32
Sea
Air...
Europe and Mediterranean, total
_-
Sea
Air
West Indies and Central America, total
Sea
Air
Bermuda, total
Sea
A i r
_ _ _ _ _ _
British West Indies, total
Sea. ,
Air
Cuba, total
Sea .
Air
.. - _ -
_ _ _ _
-
.
South America, total
Sea
Air
Air
Air
_ _
- - -
37
39
1. Excludes numbers of travelers on cruises, military personnel and other Government
employees stationed abroad, their dependents and U, S. citizens residing abroad.
Sources: U. S. Department of Commerce, Office of Business Economics; U. S. Department of Justice, Immigration and Naturalization Service.
June 195'
Table 3.—Numbers of United States Residents Traveling in Europe
by Means of Transportation, 1956 by Quarter l
[Thousands]
Means of transportation
Total travelers
Sea travelers . . _
IT. S.-born
Foreign-born. _
Air travelers
U. S.-born
Foreign -born
_
.
Annual
First
quarter
Second
quarter
Third
quarter
Fourth
quarter
521
64
161
211
85
226
130
96
21
10
11
79
52
27
93
52
41
33
It'
17
295
196
99
43
30
13
82
59
23
118
73
45
52
34
18
1. Excludes travelers on cruises, military personnel and other government employees
stationed abroad, their dependents and United States citizens residing abroad.
Sources: United States Department of Commerce, Office of Business Economics; United
States Department of Justice, Immigration and Naturalization Service.
On the average, plane travelers stay abroad a much
shorter time than those using ships. In 1956, the average
length of stay of plane travelers in Europe was 43 days, while
ship travelers stayed 71 days.
The recent growth of overseas travel reflects, therefore,
an expansion of the market to persons who have less time at
their disposal or less money to spend. This trend affected
the choice of the area visited, as well as the means of transportation.
The shift in areas visited accounts for the fact that the
average expenditures per trip within overseas countries
remained unchanged from 1955 to 1956 at about $540,
although average expenditures in each of the major areas
increased.
Because of the shorter time spent abroad by plane travelers, their average expenditures in Europe and the Mediterranean are considerably smaller than those of persons
traveling by ship, although for each day abroad plane
travelers spend more. (See tables 4, 5, and 6.)
The expansion of lower-class accommodations on planes
appears to have limited the increase in the average expenditures of air travelers, as may be seen from the fact that from
1952 to 1956 per diem expenditures of plane passengers
increased 16 percent, as compared with 23 percent for
those using ships. In the case of the latter, the relative
number of different class accommodations has changed
comparatively little.
Seasonal variations in travel
One of the major problems in reducing the cost of foreign
travel and in stimulating its growth is the seasonality of
travel. The more travel is concentrated within a relatively
short period of the year, the larger the fixed investment
required abroad in transportation and housing facilities, and
the larger are the fixed costs which have to be covered by
the owners of these facilities during the peak season.
Since the travel peaks for the West Indies and Central
America fall into the first quarter of the year while the
peaks in European travel are in the third, some of the
international transport facilities can be shifted between
these areas. This limited relief, however, is not available
in the case of fixed facilities within foreign countries.
Some smoothing of the seasonal has occurred. Third
quarter expenditures in Europe and the Mediterranean
area declined from 44 percent of the year's total in 1951 to
41 percent in 1956, and would have gone even lower last
year if the Suez crisis had not resulted in a more than
seasonal decline of travel expenditures in the last quarter
of the year.
SURVEY OF CURRENT BUSINESS
June 1957
The relative decline of the third quarter peak coincided
with a relative rise of second quarter expenditures between
1951 and 1953 and of fourth quarter expenditures in the
Table 4.—Average Travel Expenditures of United States Residents
in Europe and the Mediterranean Area, 1952, 1954, and 1956, by
Quarter 1
1954
1952
1956
United States residents:
First quarter
Second quarter
Third quarter _
Fourth quarter.
__
_
.
_
_
Total
Sea
Air.
_
_ _
.__
Native-born residents:
Total
Sea
Air
744
965
916
888
657
853
743
766
722
931
849
839
767
858
905
800
722
947
761
1, 005
829
935
1,007
1,062
1,024
831
1, 14(5
869
1,226
954
Foreign-born residents:
Total _ .
548
637
643
Sea
Air
5.53
539
684
577
707
581
1. Data compiled from questionnaires of United States residents returning from trips to
Europe and the Mediterranean.
Source: U. S. "Department of Commerce, Office of Business Economics.
following 2 years. Except for the Suez development this
trend would have continued in 1956.
The highest spenders in 1956, who averaged $965 in Europe
and $690 for transatlantic fares, went abroad in the second
quarter of the year. During this quarter the proportion of
American-born residents is larger than at any other time.
Their expenditures usually run about 60 percent higher than
those of foreign-born travelers, who principally visit family
or friends in the foreign country. Also, the relative number
of travelers using ships—with an average expenditure 20
percent higher than of plane travelers-—is highest during the
second quarter.
It appears, however, that between 1954 and 1956 the relatively stable per diem expenditures in the fourth quarter
coincided with an increase in the length of stay, with the
result that average expenditures in the fourth quarter
increased more than those in the spring quarter. The
relatively lower prices (as suggested by lower per diem
expenditures) also encouraged, at least until 1955, travel in
the fourth quarter to rise more than in the second.
While the seasonal peaks in European travel expenditures
have broadened out, those in Canadian expenditures have
become more pronounced. The third quarter peaks have
been successively higher since 1952, while the first quarter
lows have remained nearly unchanged.
In the Caribbean the winter quarter is the peak for travel
expenditures. This concentration increased from 32 percent
of the annual total in 1951 to 38 percent in 1956. However,
this flow also broadened out into the fourth quarter, which
had 24 percent of the total in 1956, compared with 18 percent
in 1952. Conversely, expenditures during the spring and
summer quarters declined.
Travel expenditures in Mexico seem to have developed a
third quarter peak and a fourth quarter low, beginning with
1953. However, the relative size of the seasonal fluctuations
has not changed significantly since then, because border
travel accounts for a large portion of the total.
Type of travel
A distribution of travelers to Europe by purpose of the
trip and class of accommodation is shown in table 7.
Table 6.—Average Per Diem Expenditures of United States Residents
Traveling in Europe and the Mediterranean Area, 1952, 1954, and
1956, by Quarter *
1952
1952
1956
1954
First quarter
Second quarter..
Third quarter
Fourth quarter
67
53
57
67
60
50
57
59
54
48
59
62
- . _ -
59
56
55
._
70
43
68
43
71
43
49
48
47
58
39
58
38
58
40
_ _ _ ___
~ _ _._
Sea
Air
___
_ . _
__ ._ _
Native-born residents:
.
_
Sea
Air
_
_
_
_
_ .
Foreign-born residents:
Total
_
_
_
_ . . _ _ _
Total
Sea
Air
Native-born residents:
Total
_
-. _
.
_
.__ _
. .
Foreign-born residents:
Total
Sea
Air
_
....
_ _ _ _ _ _
12.03
18.62
14.89
14.22
13.78
20.10
15.53
14.32
13.09
15.32
16. 45
11.51
16. 67
13.93
17.70
14. 15
19. 28
9.76
16. 25
13. 08
11. 43
18.97
20. 98
22.60
17. 69
21.25
19. 76
22.87
21. 14
23. 85
7.74
9.37
0.32
6.72
10. 72
8.34
11.31
8.03
11.39
Source: U. S. Department of Commerce, Ollice of Business Economics.
Total
Total
1956
1. Data compiled from questionnaires of United States residents returning from trips to
Europe and the Mediterranean.
United States residents:
First quarter
Second quarter
Third quarter
Fourth quarter
1954
United States residents:
Sea
Air.
Table 5.—Length of Stay of United States Residents Traveling in
Europe and the Mediterranean Area, 1952, 1954, and 1956, by
Quarter 1
[Days]
21
._
Sea
Air
.
_
71
68
69
82
50
82
51
88
51
1. Data compiled from questionnaires of United States residents returning from trips to
Europe and the Mediterranean.
Source: U. S. Department of Commerce, Office of Business Economics.
Business travelers accounted for 13 percent of all travelers
to Europe in 1956, and showed a marked preference for travel
by air. Three out of every four of these travelers used first
class accommodations on ships and planes. They took their
trip mainly in the off-season period, with a preference for
travel in the second quarter, but still they accounted for a
fourth of all travelers in the first and fourth quarters.
An additional 5 percent of United States residents traveling
in Europe reported that they took the trip for combined reasons of business and pleasure. They occupied principally
first-class space on ships and tourist class on planes.
Travelers on visits to relatives—for the most part foreignborn Americans—comprised 28 percent of European travelers in 1956. More of these travelers made the trip in the
summer quarter than at any other 3-month period of the
year. Slightly more of those who traveled for family reasons
SURVEY OF CURRENT BUSINESS
22
Table 7.—Numbers of United States Residents Traveling in Europe
by Purpose of Trip and Means of Transportation, 1956, by Quarter1
[Thousands]
Business Family Other
and
affairs reasons
pleasure
Pleas-
Business
521
267
69
24
143
18
226
130
96
120
98
22
14
10
4
8
6
2
73
9
64
11
7
4
Air travelers . - . _ _
U. S.-born
Foreign-born _
295
196
99
147
122
25
55
40
15
16
12
4
70
17
53
7
5
2
First quarter
Second quarter
Third quarter
Fourth quarter
64
161
211
85
22
89
120
36
17
22
13
17
4
9
7
4
19
34
63
27
2
7
8
1
Total
Means of transportation
Total travelers
Sea travelers^-. ..
IT. S.-born
Foreign-born
._
_ __
_
-
ure
1. Data compiled from questionnaires of United States residents returning from trips to
Europe and the Mediterranean area.
Source: United States Department of Commerce, Office of Business Economics, assisted
by Bureau of Foreign Commerce, International Travel Division.
June 1957
Foreign visitors in the United States
Expenditures by foreign visitors to the United States have
risen consistently over the last 8 years, with the increase in
1956 exceeding the average annual rise. Expenditures of
visitors from Canada and Mexico had the largest relative
rise and accounted in 1956 for about three-fourths of total
foreign travel receipts by the United States.
In 1956, Canadian travel spending in the United States,
at $390 million, was double the 1950 figure and seven times
the average of the 1930's. The recent movement reflects
mainly an increase in long-term visits, which account for
about 85 percent of Canadian spending here. Average per
trip expenditures have risen moderately since 1950, with the
advance in prices in the United States being partly offset by
the increasingly favorable exchange rate of the Canadian
dollar.
Travel between the United States and Canada resulted in
a net to the United States of $74 million in 1956. Canadian
Table 9.—Numbers and Expenditures of Residents of Foreign Countries Traveling in the Unites States, 1955-56 l
went by sea than by air. Among sea travelers they accounted for a relatively larger proportion than among plane
passengers.
Americans traveling for tourist reasons or for pleasure
other than family visits accounted for over half of all travelers to Europe. Three out of every four of these travelers
went during the second and third quarters of the year. More
of them crossed the Atlantic by air than by sea. On planes
and ships they used more tourist class space than first class.
A third of pleasure travelers to Europe used all-expense
conducted tours. The majority of persons on tours were
born in the United States and made their transatlantic crossing by ship rather than by plane in 1956. These travelers
showed a slight preference for travel on planes in 1955. Tour
travelers used for the most part tourist class on planes and
occupied cabin and tourist class space on ships.
Table 8.—Numbers and Expenditures of United States-born and
Foreign-born United States Residents Traveling in Europe and
the Mediterranean Area, 1955 and Selected Countries 1956 1
1955
Europe and Mediterranean,
Total
Sea
Air
Number of ti avelers
(thousands)
Tota expenditures Average expenditures
(dollars)
(milli ons of dollars)
U.S.
born
Total
U.S.
born
Foreign
born
Foreign
born
Total
U. S.
born
Foreign
born
Total
299
121
178
183
93
90
482
214
268
311
149
162
119
66
53
430 1,033
215 1,222
215
907
651
707
592
889
997
802
Europe and Mediterranean,
Total
Sea
Air
326
130
196
195
96
99
521
226
295
348
161
187
125
68
57
473 1, 062
229 1,226
244
954
643
707
581
905
1,005
829
U nited Kingdom
Eire
Scandinavia
France
Benelux
Germany.
Austria
Switzerland
Italy
Spain_ _ __.
209
35
60
236
124
156
77
161
197
62
70
16
25
64
29
61
22
43
62
11
279
51
85
300
153
217
99
204
259
73
64
6
19
69
15
33
10
29
69
18
18
5
10
16
5
20
4
9
25
3
266
344
383
248
156
326
182
207
406
257
295
214
342
283
128
244
147
183
361
273
1956
82
11
29
85
20
53
14
38
94
21
304
156
324
292
121
212
138
176
347
276
1. Excludes numbers and expenditures of military personnel and other Government
employees stationed abroad, their dependents and United States citizens residing abroad;
includes the expenditures, but not the number, of cruise travelers.
Sources: United States Department of Commerce, Office of Business Economics; expenditure estimates based on questionnaire returns; numbers of travelers in area based on data of
United States Department of Justice, Immigration and Naturalization Service.
Numbers of
travelers
Expenditures
(millions of dollars)
(thousands)
1955
1956 2
Travelers residing in all foreign countries,. .
(*)
(*)
654
705
Canada
Mexico
(*)
(*)
(*)
(*)
364
110
390
123
192
_ -
Total oversea countries. . .
.
_
__..__
Europe and Mediterranean. .
West Indies, Central America, and South
America
Other oversea countries
1955 2
19562
332
360
180
131
150
61
68
169
32
175
35
93
26
96
28
*Not available.
1. Includes travelers for business and pleasure, foreigners in transit through the United
States and students; excludes travel by foreign government personnel and foreign businessmen employed in the United States.
2. 1955 data revised; 1956 estimates preliminary.
Source: United States Department of Commerce, Office of Business Economics; United
States Department of Justice, Immigration and Naturalization Service; values based on
questionnaire returns.
expenditures in this country have exceeded United States
spending in Canada since 1952. Although the population
of the United States is more than 10 times that of Canada,
about the same number of residents of each country visited
the other in 1956. However, the average expenditure of
Canadians here is higher, reflecting the relatively greater distances covered by Canadians traveling in the United States.
In Canada the large population centers are located relatively
close to the border. According to a special survey of travel
covering the first quarter of 1955 made by the Dominion
Bureau of Statistics, about 25 percent of Canadian travelers
reported visits to Florida and over 7 percent to California.
Receipts from Mexican travelers reached a record $123
million in 1956. Expenditures by Mexican visitors to the
interior of the United States account for only about 10 percent of total travel receipts from Mexico, the remainder representing expenditures of Mexicans in United States border
towns.
Travel in the United States by residents of other Latin
American countries has been relatively stable since 1954,
after 8 years of steady increase. For the last 2 years average
expenditures of travelers have declined slowly while the
numbers of travelers have leveled off.
Expenditures by European visitors increased 10 percent
over 1955, a somewhat lesser rise than for the 2 preceding
years. However, the increase in the numbers of European
travelers has been offset by a lower average expenditure.
by Walther Lederer
Expansion in Foreign Business
Exports Up but Decline in Foreign Reserves Extended
JCjXPORTS of goods and services increased to a seasonally
adjusted annual rate of $26.9 billion in the first quarter of
1957 from $24.9 billion in the preceding quarter, continuing
a nearly uninterrupted upward trend which started early in
1954. Foreign business has provided a major stimulus to
domestic production so far this year, a period in which
expansion in this and other areas of rising demands have
more than offset some contracting tendencies elsewhere in
the economy.
The rise in exports was particularly strong in hard goods,
including iron and steel products, machinery and vehicles,
in petroleum products and in agricultural products.
The rise in United States receipts from abroad exceeded
that in foreign receipts from this country, so that the deficit
in foreign countries' balance of payments with the United
States which had developed in the last quarter of 1956
increased. As a result, foreign countries and international
institutions drew down their gold and liquid dollar assets by
more than $500 million.
During the last 3 months of 1956 net payments to the
United States were about $300 million. This return flow of
$800 million during the past two quarters offset the net payments by the United States during the preceding 6 months.
Foreign gold and dollar assets decline
The decline in gold and dollar assets held by foreign countries and international institutions followed a continuous
gain over a 4^-year period—from the second quarter of 1952
to the third quarter of 1956—during which these foreign
holdings increased by about $7K billion as a result of transactions with the United States. This expansion permitted
a substantial liberalization and growth of world trade. Exports of United States goods and services increased from
1952 to 1956 by $5.4 billion to $23.5 billion.
Up to the end of the first quarter of this year the drop in
foreign reserves had not affected the rise in United States
exports of goods and services. One of the reasons was that
in some countries the previous rise in reserves was sufficient
to permit a temporary excess of their expenditures over current receipts. At least equally as important, however, is
the assistance extended in recent months by the International
Monetary Fund in supplementing foreign reserves.
In the last quarter of 1956 and the first quarter of 1957,
the Fund provided about $800 million of dollar exchange to
member countries, more than in any previous 6-month
period. In addition, it made stand-by arrangements against
which more tnan $1 billion were still available at the end
of March.
NOTE.—MB. LEDERER IS CHIEF OF THE BALANCE OF PAYMENTS
DIVISION, OFFICE OF BUSINESS ECONOMICS.
Foreign reserves and the resources of the Fund thus became
much more important than they had been in the past in
assisting foreign countries to meet temporary emergencies.
This also benefits United States exporters by dampening
fluctuations in foreign demand.
Larger gold and dollar reserves at the disposal of foreign
countries can also extend the period of adjustment in the
case of a more basic disequilibrium in their international
transactions, but other actions must ultimately be taken to
bring the international dollar flow into better balance.
During the first quarter, France alone accounted for $300
million of the decline in foreign gold and dollar holdings (including the amounts transferred from the Monetary Fund),
and Japan for $124 million. The United Kingdom continued
to lose gold and dollars during the early part of the first
quarter, but its gold and dollar position appears to have
improved during February and March.
Other countries which paid out major amounts in gold
and dollars to balance their foreign transactions included
Belgium, Italy, the Netherlands, India, Indonesia, and
Mexico. However, some countries, including Germany,
continued to receive gold and dollars which were added to
their reserves. The countries which had large gold and
dollar losses, particularly France, Japan, Italy, and India,
accounted also for most of the rise in United States
exports during the first quarter of this year.
Table 1.—United States Balance of Payments Seasonally Adjusted
(Excluding Military Grant-Aid)—By Quarters 1956 and First
Quarter 1957
[Millions of dollars]
1957
1956
United States payments, total
Imports, total
_ __
Merchandise __
Services
Remittances and pensions
Government grants and related capital
movements
_ _ __
United States private and other Government capital movements
United States receipts, total
_
Exports, total
Merchandise _ _
_ __
Services
__ _
__
Foreign long-term investments in the United
States
Errors and omissions (net receipts) _
_ __
Increase in foreign gold and liquid dollar assets
through transactions with the United States..
I
II
III
IV
I
6,117
4,932
3,152
1,780
152
6,170
4,878
3, 124
1,754
159
6,779
5,000
3,277
1,723
167
6,682
5,000
3, 238
1,762
159
6,850
5,122
3,190
1,932
192
556
622
643
638
656
511
969
885
880
5,581
5,456
3,963
1,493
5,965
5,808
4,260
1, 548
6.179
6,032
4,434
1,598
6,335
6,222
4,664
1, 558
6,904
6,734
5,077
1,657
125
157
147
113
170
28
44
184
436
396
508
161
416
-89
477
Source: U. S. Department of Commerce, Office of Business Economics.
23
-450
SURVEY OF CURRENT BUSINESS
24
June 1057
Table 2.—Balance of Payments of the United States,
[Millions of dollars]
Western
European
dependencies
Western
Europe
All areas
Eastern
Europe
Line
1956 '
1 Exports of goods and services, total
2
Military transfers under grants, net, total
3
Other goods and services, total
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
Merchandise, adjusted, excluding military
Transportation
Travel
___
_
Miscellaneous services:
Private
Government, excluding military.
Military transactions
Income on investments:
Direct investments
Other private
Government
Imports of goods and services, total
.
. _ __
Merchandise, adjusted, excluding military
Transportation
Travel. _ _ _ _ _ _
Miscellaneous services:
Private
Government, excluding military
Military expenditures
Income on investments:
Private
Government
Balance on goods and services:
Total
Excluding military transfers
Unilateral transfers, net [to foreign countries (— )]:
Total
25
Excluding military supplies and services
26
Private remittances
Government:
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
Militarv supplies and services
Other grants
Pensions and other transfers
_. _
United States capital, net [outflow of funds
total.
(-)],
Private, net, total
Direct investments
New issues
Redemptions
Other long-term, n e t
Short-term net
__
_____ _
Government, net, total
Long-term capital outflow
Repayments
Short-term net
Foreign capital, net [outflow of funds (-)], total
Direct and long-term portfolio investments other
than United States Government securities.
Transactions in United States Government securities.
Short-term liabilities to foreign banks and official
institutions.
Other short-term liabilities
Year
I
26,123
2,605
1956
1957
1956
1957
1956
1957
IV'
IP
IV r
IP!
IV r
IP
II
III
IV
IP
6,005
7,045
6,135
6,938
7,214
658
1,093
437
417
23, 518
5,347
5,952
5,698
17, 321
1,619
705
3,954
362
139
4,412
407
177
4,096
414
227
938
121
229
30
225
30
156
34
2,160
304
194
239
248
6
9
2,184
239
248
6
9
1,734
194
14
168
18
1
187
19
1
5
106
9
95
11
4
1
44
12
16
623
84
39
532
76
45
78
21
19
72
15
33
5,069
4,843
5,033
1,613
1,665
307
319
3,172
381
334
3,154
378
500
3,211
347
240
3,292
359
207
822
147
76
752
164
41
248
8
19
237
9
33
(»)
121
57
121
59
139
90
139
58
116
65
77
19
72
22
1
2
1
2
(*)
2, 910
742
830
653
685
841
361
506
27
36
464
154
120
34
112
34
116
39
116
47
106
47
81
30
79
29
2
1
6, 313
1,150
2,002
2,095
2,181
737
940
-68
-71
-12
-10
3,708
492
909
629
1,678
1,585
450
519
-68
-71
-12
-10
2,350
2, 605
596
287
421
6,521
6,618
2, 063
4,859
436
162
5,067
447
147
1,611
189
18
233
30
251
31
227
33
57
29
36
484
67
48
516
78
50
537
75
57
19,810
4,855
5,043
12, 791
1,432
1,275
3,254
326
201
520
264
1,066
1
1
4
(«)
(«)
7
(*)
<«)
(»)
(•)
(•)
47
(*)
37
1
(«)
(•)
18
19
17
18
(*)
1
1
(«)
<•)
-4,937
-1,225
-1,709
-954
-1,049
1 167
-489
-585
-8
-7
-4
-6
-2,332
-567
-616
-517
-632
-571
-202
-164
-8
-7
-4
-6
-503
-124
-120
-127
-132
-152
-70
-62
-5
-6
-4
-4
-2, 605
-1,695
-134
-658
-416
-27
-1,093
-459
-37
-437
-359
-31
-417
-461
-39
-596
-380
-39
-287
-119
-13
-421
-89
-13
-3
(«)
-1
(*)
-3, 606
-550
-985
-1, 180
-1,049
-124
-219
-2
-9
-2,980
-417
-683
-801
-1,079
-799
-168
-144
-2
-9
-1,839
-457
169
-319
-534
-288
-103
81
-111
4
-342
102
13
-95
-157
-512
-104
21
-103
-103
-697
-148
54
-10
—278
—427
-180
28
22
-242
-100
-6
-11
2
2
1
1
-626
-133
-208
-184
-101
-250
-534
479
-571
-109
86
-110
-185
99
-122
-116
122
-190
124
172
-149
633
548
825
-162
125
157
147
1,844
542
-135
-250
-891
60
108
1,112
698
282
509
325
60
49
61
46
Gold sales [purchases ( — )]
-306
-12
47
Foreign capital and gold total
1,538
621
445
661
48
Errors and omissions and transfers of funds between
foreign areas [receipts by foreign areas (— )1, net.
692
4
153
212
-103
x Less than $500,000.
1. Beginning with the first quarter of 1957, Ghana, formerly the Gold Coast, was shifted
from Western European dependencies to "All other countries."
Note.—Net foreign investment equals the balance on goods, services, and unilateral transfers for all areas: 1956 annual, 1,376; 1956 I, —75; II, 293; III, 112; IV, 1,046; 1957 1,1,014.
1957
-164
113
-53
-377
155
-27
-189
323
-58
1
18
-87
98
44
-75
(")
C)
-125
125
-250
-18
108
-46
-6
63
132
(*)
(•)
(*)
(«)
(*)
8
-2
(«)
1
(•)
1
(*)
5
11
201
-76
20
-13
170
91
139
5
1
(•)
(*)
1
1
2
-1
1
-2
1
1
142
-66
63
-376
83
-362
10
-11
-1
75
93
84
5
-4
-1
20
-13
-2
1
58
100
17
14
-348
-337
372
-118
83
-207
(»>
1
-31
-107
-29
Source: U. S. Department of Commerce, Office of Business Economics.
* Copies of the complete table showing revised data for all quarters and the year 1956 for
each of the areas shown here may be obtained by writing to the Office of Business Economics,
U. S. Department of Commerce, Washington 25, D. 0.
SUKVEY OF CUKRENT BUSINESS
June
25
by Area 1956, Revised and First Quarter 1957, Preliminary*
[Millions of dollars]
Sterling area
\
International
institutions
All other countries
Latin American
Republics
Canada
United Kingdom and
Other Europe
Total
Other countries
Dependencies
Line
1956
1957
1956
1957
1956
1957
1956
1957
1956
1957
1956
1957
1956
1957
1956
1957
IV r
IP
IV r
IP
iyr
I
IV r
IP
IV '
IP
IV'
IP
IV r
IPI
IV'
I*i
nss
nss
RSS
nss
nss
nss
nss
nss
1
nss
nss
nss
nss
nss
nss
nss
2
1, 395
1,253
P
i
1,526
1,558
1, 406
1,520
14
25
116
150
21
16
1, 395
1,253
1,512
1, 533
1,290
1,370
16
21
1,044
1,028
512
504
138
136
394
388
3
1,080
32
82
1,000
30
76
1,041
94
54
1,073
98
51
953
103
7
1, 060
106
5
1
6
701
76
10
751
77
329
43
6
344
42
4
85
7
1
89
8
1
287
26
3
318
27
2
4
5
6
28
56
8
49
7
42
13
39
15
11
11
79
8
71
7
59
3
53
3
3
1
3
17
4
15
4
7
8
35
46
3
6
20
1
1
10
11
12
31
(*)
(')
(*)
11
11
2
6
11
11
4
1
2
1
121
38
70
38
233
12
12
232
12
5
144
9
8
121
7
f>
4
4
140
13
13
107
6
1
53
10
7
52
5
967
832
1,120
1, 321
813
870
5
7
845
893
481
515
168
140
196
238
13
774
30
50
679
29
26
853
101
86
1, 066
93
100
197
61
9
"40
64
7
.508
52
35
484
57
40
221
40
15
194
45
8
128
5
18
93
5
30
159
7
2
197
7
2
14
15
16
6
1
7
1
51
16
32
16
4
20
4
21
63
8
59
9
61
1
57
1
1
2
1
2
1
5
1
6
17
18
74
66
6
7
216
226
129
196
95
164
12
8
22
24
19
20
6
18
6
4
3
4
3
3
3
4
4
45
5
42
6
43
5
41
5
2
1
428
421
406
237
593
f>54)
11
14
428
421
392
212
477
500
11
14
-3
-4
-47
-62
-466
-477
-32
-26
o
-4
-33
-37
-350
-327
-32
-26
-1
-8
7
-45
-72
-3
-14
-23
-2
-25
-26
-4
-116
-284
-21
-150
-236
-19
-32
(*)
(X)
(')
-3~
00
5
00
5
-26
nss
nss
199
nss
nss
(*)
31
nss
(*)
nss
nss
nss
135
-11
nss
-34
25
-22
-23
-13
-11
-4
-5
-5
-7
26
nss
-46
2
nss
-48
-3
nss
-11
-2
nss
-21
-2
nss
-2
(*)
nss
-1
nss
-33
(")
nss
-26
-1
27
28
29
21
-49
-10
-10
-88
-101
30
-49
-76
-10
-10
-35
Q
31
-8
-14
-14
1
-8
(*)
-10
-13
4
16
-6
32
33
34
35
36
(*)
-53
-92
37
00
-14
7
-46
-4
2
-90
38
39
40
-411
-206
-213
-118
30
-62
-94
-95
-160
-87
9
-10
-12
-317
-121
-37
-14
1
-26
-18
-49
-13
4
27
-64
-13
-31
-10
-19
-17
11
-56
1
-1
17
-65
70
27
-14
81
-50
-4
16
115
290
4
32
5
106
(J)
00
— 13
(*)
(')
-141
-53
23
17
-66
18
-93
-66
38
-135
-81
61
44
4
45
-9
16
20
10
2
15
71
-1
-1
40
8
24
-39
19
34
-34
1
34
24
-15
-5
133
-6
65
56
177
-2
45
-175
-213
46
182
-120
-64
7
-5
(*)
-163
-40
44
-9
80
32
-2
-550
4
3
-79
-1
-552
-1
-160
(«)
(*)
(X)
00
-2
74
-4
14
13
17
232
9
18
-11
43
31
45
1
-1
-63
43
-63
43
285
-79
238
-99
15
-7
32
27
44
36
10
26
20
2
-3
8
—7
45
9
18
-11
40
19
47
85
28
31
-34
48
-27
-306
-100
-81
-577
-191
190
17
189
568
-242
82
265
24
nss
-38
-260
-77
-29
4
47
-63
23
-6
7^
3
-18
-70
22
150
-6
-62
2
-33
-63
nss
198
-34
30
-92
-35
1
7
-94
nss
-26
-281
-182
-113
18
-2
-36
(*)
-74
-354
-315
20
21
8
nss
nss
9
00
-70
-219
-260
-4
-30
nss
nss
2
(')
41
-416
-315
(')
(*)
2
(*)
(')
00
40
(*)
19
41
-1
42
43
00
-100
132
-158
46
-112
26
SURVEY OF CURRENT BUSINESS
Temporary factors important
Although these losses suggest relatively severe disturbances in the balance of payments of some of the countries
losing reserves, much of the rise in foreign payments to the
United States during recent months was due to temporary
factors.
The closing of the Suez Canal and some of the Middle
Eastern pipelines appear to have raised our oil exports by
about $200 million during the first quarter of 1957 above
the amount that may be considered normal. Wheat exports to Europe were higher than usual because of relatively
low harvests last summer in that area. Cotton exports
have grown faster than foreign textile production. Cotton
stocks in importing countries increased during the current
season after having been drawn down for some time. Exports of both of these agricultural products may be expected
to decline again, but are likely to remain much higher than
they were before the recent rise set in.
In the machine tool industry, for which a sales breakdown
is available, export shipments were speeded up since the
last quarter of 1956 as domestic business eased, and exceeded new foreign orders. Similar situations may have
created a temporary bulge in exports of other products.
The relatively large rise in the inflow of foreign longterm capital—mainly through purchases of private securities, and the large amount of net receipts from unrecorded
transactions may reflect a temporary movement of capital
to the United States motivated by the political developments
following the closure of the Suez Canal and related adverse
balance of payments developments in certain foreign
countries. These temporary increases in foreign payments
to the United States may account for a large part of the
recent foreign deficit with the United States. They are not
large enough, however, to explain the entire shift to the
recent deficit from the relatively high surpluses which
foreign countries had with the United States during the first
nine months of last year,
U. S. made higher payments abroad
United States payments to foreign countries (including imports of goods and services, net private remittances, net
Government nonmilitary grants and the net outflow of U. S.
capital) in the first quarter of this year were the same as in
the fourth quarter of last year. As the initial quarter is a
period of normal seasonal decline, seasonally corrected payments rose to an annual rate of $27.4 billion from $26.7
billion in the preceding quarter.
This rise, which more than compensated for the decline during the previous quarter, was due to three major changes—
a large increase in military expenditures abroad, in Government credits (mostly short-term), and in private remittances
(mostly to Israel). Tourist expenditures declined somewhat
after seasonal adjustments because of reduced travel to
Europe and the Mediterranean area following the Suez crisis.
Merchandise imports fell slightly after seasonal adjustments, although actual imports rose by about $80 million.
Coffee, sugar, and cocoa imports increased about $200 million, somewhat more than normally during this period of the
year, but the rise compensated for a more than seasonal decline during the preceding quarter. With the major exception
of wool and petroleum, imports of most raw material and
semimanufactured goods, including newsprint, lumber, and
steel products, dropped. Some raw materials, particularly
rubber, copper, lead and zinc, were also affected by lower
prices. Despite the drop in imports, inventories of some of
these commodities rose. Most important among these are
lead, zinc, copper, newsprint, and lumber. The weakness in
June 1951
the demand for imported raw materials during the firsi
quarter may be attributed to the lessened intensity of demand with the leveling off of industrial production, and the
decline in residential construction.
Purchases of manufactured goods from abroad held up
comparatively well. Imports of foreign automobiles increased by $17 million and were more than twice those of a
year earlier. Machinery and electrical equipment remained
at the relatively high volume reached at the end of last year.
Imports of agricultural machinery rose less than usual from
the fourth to the first quarter and were considerably smaller
than a year ago. Textile imports declined from the fourth
quarter and were also smaller than in the first quarter of last
year.
Government expenditures up
The rise in military expenditures interrupted the slow decline which set in after the middle of last year. It resulted
mainly from increased payments under offshore procurement
contracts for military equipment for retransfer to other
NATO forces, and from higher outlays for various installations and services. Nearly half of the rise was in payments
to the United Kingdom, but substantial increases also occurred in France and lesser ones in Germany. Military expenditures were thus an important factor in expanding the
dollar flow to some of the countries which were most affected
by adverse balance of payments developments.
Government capital transactions and grants (excluding
transfers of military supplies and services under grant-aid
programs) added about $630 million to foreign resources in
the first quarter, as compared with $560 million in the preceding quarter.
Holdings of foreign currencies (or claims on such currencies) acquired through the sale of agricultural products
increased about $250 million, $100 million more than in the
preceding quarter. Exports of agricultural products sold
for foreign currencies were $390 million during the first
quarter of 1957 as compared with $310 million during the
last quarter of 1956, but utilizations of such currencies for
rants, long-term loans and various current expenditures
eclined from about $160 million to $140 million. The
smaller use of foreign currencies is in part explained by the
decline in grants during this period.
S
Our foreign investment continues large
The outflow of private capital again made a major contribution to the foreign dollar supply. The decline from
the preceding quarter was not more than normal during
this period of the year, and the outflow was substantially
larger than in the first quarter of any other postwar year.
Direct investments were about $140 million higher than a
year earlier with most of the increase in Latin America. Oil
lease purchases in Venezuela are estimated to have been
over $50 million, bringing the total since the middle of last
year to about $300 million. Further purchases will be made
in subsequent periods.
A large bond issue by the International Bank also contributed to the rise in the capital outflow. Canadian issues,
though as large as a year earlier, were somewhat smaller
than in the fourth quarter.
Rather significant was the quarter billion dollar outflow
of short-term capital. Ordinarily short-term capital movements decline from the fourth to the first quarter, but this
year the drop was relatively small.
About $100 million of the short-term loans went to Europe,
including $56 million to the United Kingdom, $20 million to
June 105'
SUEVEY OF CUEEENT BUSINESS
Germany, and $15 million to Italy. Latin America received
about $70 million, mainly Mexico, Argentina, and Colombia,
and Japan about $40 million. With few exceptions the
short-term funds went to countries which had balance of
payments difficulties and thus reduced the needs for drawing
jn their reserves or lowering their foreign expenditures.
These loans indicate the potentialities of United States
private banks as a stabilizer in international monetary
affairs, thus supplementing to an important degree the role
of public institutions here and abroad, including the International Monetary Fund.
Balance with Europe changes most
Comparing the first quarter of this year with the corresponding period a year earlier, recorded receipts increased
slightly more than payments in our transactions with Latin
America, and our payments rose a little more in our exchanges
with Canada. The balance of payments with the western
hemisphere countries as a whole changed, therefore, relatively little.
The balance with the sterling area changed from net
United States payments of about $320 million in the third
quarter of 1956 (including the $176 million purchase of a
British oil company by an American corporation) to net
United States receipts of about $80 million in the fourth
quarter, but swung back again in the first quarter of this
year to net United States payments of $55 million.
The improvement for the sterling area during 1957 resulted from the large increase in military expenditures, and
the large short-term credits by private United States banks
mentioned before. Also, repayments on United States
Government loans were relatively small, while such repayments amounted to about $80 million in the fourth quarter
of last year. However, exports of goods and services to the
sterling area were $200 million higher than a year earlier
27
while United States imports of goods and services (other
than military transactions) remained about the same and
the outflow of United States capital (other than short-term
private funds) increased by less than $30 million.
The change from last year was most pronounced in our
transactions with continental Western Europe. In the first
quarter of 1956 our transactions with that area resulted in
net payments by the United States of about $145 million.
This year we had net receipts of $325 million.
The $470 million shift in our accounts with continental
Europe thus made up most of the change in our recorded
transactions with foreign countries from net payments by the
United States of $500 million a year ago to net receipts of
$100 million in the first quarter of this year. United States
payments to continental Europe rose during that year by
about $100 million, or about 1% percent, which was slightly
faster than the expansion in our domestic economy. European payments to the United States, however, jumped
from about $1,200 million to $1,770 million, or nearly 50
percent, several times the relative rise in European output.
A large part of this rise as indicated above reflects temporarily
increased requirements, but there are also more basic developments which expanded European demands, and ultimately led to higher imports from the United States.
Transactions with the non-sterling area countries in Asia
also resulted in a considerable shift in the net dollar flow—
reducing net United States payments from over $200 million to less than $10 million. Here too the reason for the
shift was the faster rise of the purchases by these countries
than of United States purchases, grants, and investments.
The rise in United States payments was mainly due to a
larger outflow of private United States capital. The fact
that United States imports did not rise partly resulted from
reduced shipments of oil from the Middle East, but, as in
Europe, the changes in pur balance of payments with that
area reflect mainly the rise ki foreign demand.
Rise in Capital Investment Continues
(Continued from page 3)
Rails and utilities strong
Mixed trends in other nonmanufacturing
Electric and gas utilities investment was at a record seasonally adjusted annual rate of $5% billion in the first quarter;
these industries now anticipate a capital expenditure rate of
$6.4 billion in the third quarter. Both groups of utilities
expect spending to rise over this period ^ath gas companies,
chiefly gas transmission firms, anticipating a larger relative
advance than electric utilities.
Last year railroads were somewhat hampered in their
efforts to meet 1956 freight car programs in large part because
of shortages in steel plate. As a result seasonally adjusted
expenditures remained on a high plateau throughout the
year. The first quarter of 1957 saw a marked increase over
the spending rates prevailing through 1956—from $1.2 billion
to $1.4 billion—and an advance to $1.6 billion has been
scheduled for the third quarter of 1957.
Freight car installations have been showing a marked improvement since late last year and in the first four months
of this year were higher than they were in the first four
months of any other year since 1949. While unfilled orders
have been going down somewhat they still represented twelve
months of installations at the April rate. Outlays for roadway improvement are also expected to be higher than in 1956.
Divergent movements are evident in the commercial and
other group. After a record $2.6 billion outlay in 1956 the
communications industry increased its investment about onefifth above this rate in the first quarter; in the second and
third quarters the reported programs show some leveling on
a seasonally adjusted basis. In trade, on the other hand,
not much change is evident in reported plans; here expenditures are running below 1956 outlays.
The nonrail transportation group spent less on facilities
in the first quarter than in the fourth quarter of last year,
although expenditures are expected to rise in the second and
third quarters. The first quarter decline was due in large
part to smaller deliveries to the airlines. There is some
evidence of a lowering of 1957 programs in this field but outlays are still running well in excess of last year's record.
Planned expenditures of pipeline and water carriers remain
strong. Investment by the mining industry continues fairly
steady with a $1.3 billion rate scheduled in the second and
third quarters, about the same as the rate in the previous
6 months.
SURVEY OF CURRENT BUSINESS
28
June 1957
NEW OR REVISED STATISTICAL SERIES
Sales of Retail Stores
The Bureau of the Census has instituted revisions in the
composition of the Monthly Retail Trade sample. This
includes a redefinition and reclassification by kinds of
business of multi-unit organizations with 11 or more stores,
the exclusion from retail trade of dairies which process milk
and cream, and certain other changes on the basis of information derived from the 1954 Census. These revisions
bring the series into closer conformity with the definitions
and classifications of that Census, although the sample
continues to provide a basis for independent estimates.
In order to maintain comparability with the estimates
based on the new sample, previously published figures have
been adjusted back to January 1951 for all retail stores and
back to January 1956 for multi-unit organizations. The
adjustment of the all-store series encompasses the elimination
of sales by dairies processing milk and cream—these sales
were included in the 1954 Census of Manufacturers. Sales
of such dairies in 1956 amounted to $2 billion, or one percent
of total retail sales. This revision affects the formerly
published estimates for all retail stores, for nondurable-goods
stores, and for food stores.
The exclusion of milk processors also affects the inventor}7
estimates for retail stores. However, no adjustment was
made in the inventory series since the amounts involved
were relatively small (about one-tenth of 1 percent of all
retail inventories).
The previously published estimates of sales of organizations
with 11 or more retail stores had been confined to firms
which according to the 1948 Census of Business operated 11
or more retail stores; no adjustments were made for firms
subsequently entering or leaving the universe of organizations
of this size.
The list of firms in this group has now been changed to
cover organizations which reported operating 11 or more
retail stores in the Census of 1954. In addition, the kind
of business classification of these firms is now also based on
their 1954 reports.
Estimates on the new basis for the months of April 1956
through April 1957 are given on page S-10 of this Survey.
Data for the first 3 months of 1956 are available upon
request. Estimates of sales of these firms on the new basis
prior to 1956 are not available.
As indicated, under the system used no adjustment is
made for firms with 11 or more stores entering or leaving the
universe of organizations of this size until the next Census.
The sales of the 11-and-over group, therefore, should not
be subtracted from the estimate of total sales of all retail
stores to yield, as a residual, the sales of firms operating
1 to 10 stores.
Revised Series—Sales of Retail Stores
Nondurable
goods
stores
Food
group
Total
1951 January
February
March
\ pril
May
June
12, 490
11,594
13, 278
12, 394
13, 152
13, 133
7,874
7,361
8,656
7,938
8,370
8,406
2. 820
2, 697
3, 095
2,917
2,998
3,083
July
August
September. ._
October
November...
December
12,225
13,128
12, 969
13,715
13, 242
15, 227
7,936
8,394
8,473
8,969
9,008
10, 684
2, 957
3, 035
2,986
3,022
3,071
3,270
Total
1952 January
February
March. _ _ _
A. pril
May
June
156,548
102, 069
35, 951
11,703
11,616
12, 589
13, 247
14, 205
13, 682
7,910
7,749
8, 450
8,674
8, 981
8,560
July
August
September.. _
October
November...
December
13, 249
13, 301
13, 482
14, 668
13, 854
16, 756
Total
1953 January
February
March
\pril
May
June. . July
August
September. ._
October
November...
December
Total
Unadjusted
Season- j
ally
adjusted
Nondurable
goods
stores
Food
group
13, 885
13,716
13, 021
12, 735
12, 840
12, 792
8,625
8,537
8,341
8, 294
8, 368
8,393
2, 934
2, 956
2, 956
2.988
2, 976
2,977
45.2
42.2
47.0
43.7
45.8
44. 3
47.2
45 9
45. 6
44.7
45. 5
44.0
12,651
12, 936
12, 855
13, 094
13, 099
12,924
8.428
8,549
8,457
8.657
8,747
8,673
2,995
3, 029
2,991
2,996
3,086
3,067
41. 1
45.8
44.0
48.2
45.2
45.1
43.0
44.2
43.7
44.9
45.0
43.8
2,942
2,897
3,107
3,099
3,274
3,096
13, 030
13, 274
12, 890
13,208
13, 708
13,885
8,666
8,666
8,578
8,714
8,781
9,002
3,062
3, 054
3,058
3,116
3,114
3,212
42.5
42.4
44.3
44.8
45.3
44.6
44.7
45.1
44.0
44.9
44.9
45.1
8,622
8,892
8,811
9, 552
9,340
11,542
3,250
3,306
3, 103
3, 289
3,274
3,400
13,512
13, 212
13, 430
14, 047
13, 891
14. 266
9,018
9,013
8,925
9,203
9,122
9,395
3, 247
3,199
3,258
3,264
3,227
3,228
43.3
45.0
47.8
51.6
46.5
50.7
44.5
44.6
46.7
48.2
47.4
48.4
162,353
107, 083
38, 039
12, 903
12, 198
13, 807
14, 016
14,520
14, 443
8,453
7,841
8,838
8,877
9,120
8,962
3, 243
2.964
3, 153
3, 245
3, 340
3, 242
13,993
14, 360
14, 288
14, 130
14, 293
14, 274
8,993 3, 206
3,238
9. 056
9,076 3,228
9,006 3, 256
9,139 " 3,236
9, 171
3,257
45. 2
44.4
49.7
49. 2
48.6
50. 0
47.5
48.2
49. 1
49.1
48.9
49.3
14, 250
14, 044
13, 952
14, 820
13, 828
16, 314
8,872
8, 856
8,949
9,500
9,086
11,370
3, 343
3,294
3, 219
3, 436
3,164
3,488
14,340
13, 939
13,834
13,911
13, 988
13. 806
9, 238
9,025
8,969
8,882
8,983
9,180
3, 306
3,279
3,296
3, 271
3, 259
3, 306
49.0
48.3
49. 4
51.0
46.2
48.6
49.7
48.0
48. 1
47.7
47.0
46.4
169, 094
108, 723
39, 130
Total
All retail sales (millions of dollars)
Unadjusted
Year and month
Seasonally adjusted
Unadjusted
Year and month
i
Manufacturing
and trade
sales— total (billions of dollars)
All retail sales (millions of dollars)
Total
537.6
548.8
579.6
July
August
September...
October
November...
December
1955 January
February
March. ..
April
May
June
.
July
August
September. __
October
November...
December. ._
Total
1956 January
February
March
April
May
June. .
July
August
September...
October
November...
December
Total
Seasonally adjusted
Unad- Seasonjusted ally adjusted
Nondurable
goods
stores
Food
group
Total
Nondurable
goods
stores
Food
group
12,213
11,947
13, 409
14, 197
14, 116
14, 533
8, 352
7,878
8,641
9,234
9,096
9,075
3,231
2,994
3, 209
3, 296
3,317
3, 260
13,512
13, 836
13, 792
14, 146
13, 905
14,292
9,076
9,091
8,935
9,264
9,174
9.268
3, 268
3,260
3,254
3,269
3, 295
3,287
42.8
42.8
47.6
47.0
45.3
47.6
45.9
46.4
46.5
46.8
46.0
46.7
14, 260
13, 770
14,013
14, 538
14, 401
17, 738
9,237
8, 855
9, 170
9,685
9,615
12,124
3, 558
3,249
3,349
3, 534
3,322
3,787
14, 144
14, 006
14, 070
13, 946
14, 233
14, 995
9,234
9,236
9,272
9,256
9,284
9,676
3, 315
3,353
3,425
3,396
3, 366
3,529
45.5
46.4
47.3
47.6
47.7
51.5
46.4
46.2
46.2
45.4
47.5
48.6
169, 135
110, 962
40, 106
13, 148
12, 642
14, 573
15, 490
15,333
15, 600
8,665
8,139
9,142
9,785
9,488
9,475
3,266
3, 132
3,396
3,557
3,380
3,458
14, 736
14, 631
14, 936
15, 131
15, 232
15, 207
9,593
9,422
9,478
9,609
9,725
9,636
3,431
3,443
3,478
3,406
3,500
3,496
43.5
45.1
51.8
50.9
51.0
53.1
46.6
48.5
50.6
50.8
51.6
52.1
15, 261
15, 481
15, 765
15, 684
15, 752
19, 124
9,541
9,501
9,865
10, 121
10, 212
12, 938
3,623
3,476
3,626
3,566
3,506
4,024
15, 348
15, 515
15, 696
15, 637
15, 663
15, 661
9,707
9,752
9,855
9,873
9,974
9,984
3,424
3,536
3,551
3,545
3,583
3,592
49.6
53.4
54.1
54.0
53.6
56.3
51.7
52.6
52.9
52.3
53. 1
53.1
183, 851
116, 873
42, 010
13, 727
13, 551
15, 719
14,889
16, 109
16,579
9,037
8,776
10, 298
9,537
10,311
10, 526
3,378
3,311
3,794
3,392
3, 638
3, 835
15, 521
15, 208
15, 606
15, 407
15, 746
15, 852
10, 064
9,853
10, 140
10, 104
10, 350
10, 352
3,609
3,541
3,623
3,568
3,672
3,623
49.5
49.6
54.5
52.2
54.6
54.8
52.8
52.8
53.0
53.1
54.3
54. 1
15, 382
16, 187
15, 583
16, 130
16, 493
19, 380
9,809
10, 448
10, 352
10, 614
11,002
13, 208
3,628
3, 840
3,748
3,729
3, 877
4,052
15, 871
16, 101
15, 865
15, 896
16, 212
16, 340
10, 357
10, 589
10, 508
10, 406
10, 547
10, 526
3,694
3,738
3.764
3,761
3,778
3,826
49.6
55.2
53.7
58.1
56.4
57.8
52.5
54.3
53.8
54.9
55.5
55.6
189, 729
123, 919
44, 223
Total
1954 January
February
March
April
May.
June
Manufacturing
and trade
sales— total (billions of dollars)
559.1
616 4
646.0
y BUSINESS STATISTICS
JL HE STATISTICS here are a continuation of the data published in BUSINESS STATISTICS, the 1955 Statistical Supplement to the SURVEY OF
CURRENT BUSINESS. That volume (price $2.00) contains monthly data for the years 1951 through 1954 and monthly averages for earlier years
back to 1929 insofar as available; it also provides a description of each series and references to sources of monthly figures prior to 1951. Series
added or significantly revised since publication of the 1955 Supplement are indicated by an asterisk (*) and a dagger (f), respectively. Except
as otherwise stated, the terms "unadjusted" and "adjusted" refer to adjustment for seasonal variation.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided
through the courtesy of the compilers, and are subject to their copyrights.
[Averages for the year 1955 are provided in the July 1956 issue of the SURVEY]
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
1956
April
May
June
July
1957
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual rates :f
National income,
total
_bil. of dol__
338.7
343.5
353. 0
do
do..
do
do _ _
do
do ~_
237 2
223.5
186 2
240 4
226 2
188 3
9 5
28 5
14.2
245 5
231. 1
192 9
Proprietors' and rental income, totalcf
do
Business and professionalcf
do_Farm
-.
do
Rental income of persons--do _Corporate profits and inventory valuation adjustment, total
___bil. of dolCorporate profits before tax, total
_do__
Corporate profits tax liability
-do Corporate profits after tax
do
Inventory valuation adjustment
do_-_
Net interest
__
do
49.9
Compensation of employees, total _
Wages and salaries, total
_
Private
Military
- .. - .
Government civilian
Supplements to wages and salaries
Gross national product, total
50.7
29 5
11 6
9 7
51.7
29. 9
12 1
9. 7
51
30
11
9
5
1
7
7
40.4
41.2
20 8
20 4
12 0
43 4
46.7
23 6
23 1
—3. 3
12 4
—2.6
12 6
408.3
413.8
423 8
427 1
263 7
33.4
132 3
98.0
266
33
134
99
8
0
0
7
270
34
134
101
9
8
7
4
275
35
136
102
0
9
4
7
64 7
33.6
27 5
65
33
29
2
1
6
5
0
68
32
31
4
5
9
5
1
63
32
32
—1
3
5
0
2
9.5
28.9
11.3
9.7
39.8
42.9
21.7
21.3
-3.1
11.7
_.do
do
do
do
do
1.2
Personal income, total _
_
do__Less: Personal tax and nontax payments -.. do.
Equals: Disposable personal income
do
do
9.5
-.8
3.5
Net foreign investment - - _ . _
_, _do.-_
Govemment purchases of goods and services, total
bil ofdol
Federal (less Government sales)
do
National security 9
do.
Stato and local
-do
Personal saving § _ ._ .._
7
6
7
4
4
1
27 8
13.8
Personal consumption expenditures, total do
Durable goods
- do.
ISTondurable goods
do
Services - do
Gross private domestic investment, total
New construction
Producers' durable equipment
Change in business inventories
28 7
14. 4
248
233
194
9
29
15
4.0
2 4
1 7
78.7
46.1
40.7
32.6
80
47
41
33
322.9
284.9
38.1
327 0
38 8
288 2
333 2
39 9
293 3
336 5
41 0
295 4
21.2
21 4
22 4
20 4
82
48
43
33
2
2
9
0
84
49
45
35
0
3
2
7
9
8
0
0
PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates: f
Total personal income
bil. ofdol-,
321.7
322.8
324.9
324. 3
328.1
329.5
332.5
333.5
334.0
335.0
336.6
338.1
Wage and salary disbursements, total
do _ . _
Commodity-producing industries
_. _ do
Distributive industries _.
do
Service industries
do
Government
___
do-
222.9
96.8
59.1
29.8
37.2
223.2
96.8
59.1
30.0
37.3
225.2
224.0
227.1
98.3
60.3
30.6
37.9
228.5
229.7
231.0
101 1
60.6
31 1
38 2
232
102
60
31
38
232
101
61
31
38
233.7
234.5
Other labor income
do
Proprietors' and rental income
do
Personal interest income and dividends
do
Transfer payments
do
Less personal contributions for social insurance
bil. ofdol- -
7.2
7.2
97. 5
59.9
30.2
37.6
95.9
59.9
30.4
37.8
99. 1
60.5
30 8
38.1
100.6
60.2
30.9
38.0
9
3
9
3
4
7
2
5
3
7
101 9
61.5
31 4
38.9
102.0
62.0
31 5
39.0
T
r
339.3
340. 4
234 9
102 2
T
61.8
31 7
234
101
62
31
39
r
on o
7
6
1
7
3
49.7
29.1
18.6
50.1
29.4
18 7
7.3
7.3
50.5
29.7
18 6
7.3
7.4
7.4
60.0
29.6
18 6
51.0
29.8
18.8
50.9
30.0
18 7
52.3
30.2
18 9
51.7
30.3
19 1
7 4
51.2
29 2
19 3
7 5
51.3
30 6
19 6
51.5
30 7
19 9
51.6
30 9
20 3
7.5
7 5
'51.6
31 1
20 9
7 6
51.7
31
3
9
1 8
5.8
5.8
5.8
5.8
5.9
5.9
6.0
6.0
6.0
6.7
6.7
6.7
6.7
6.7
7.3
7.5
309.4
314.4
307.6
310.3
317.9
306.8
319.7
321. 3
322.7
324. 0
325. 1
312.8
316.3
318.8
Total nonagricultural income
do
'Revised.
jRevised series. Estimates of national income and product and personal income have been revised back to 1952 (see pp. 7 ff. of the July 1956 SURVEY); for data prior to 1952, see the 1954
NATIONAL INCOME SUPPLEMENT or the 1955 edition of BUSINESS STATISTICS.
cf Includes inventory valuation adjustment.
9 Government sales are not deducted.
§Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.
S-l
SURVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
June 1957
1956
April
May
June
July
August
1957
Septem- October Novem- December
ber
ber
January
February
March
April
May
GENERAL BUSINESS INDICATORS—Continued
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals :cf
All industries
mil. of dol
8,880
8,901
9,838
1
' 8, 282
Manufacturing
Durable-goods industries
Nondurable-goods industries
do
do
do
3 734
1, 862
1,872
3,834
1, 960
1,874
4,428
2,339
2,089
' 3, 505
' 1, 759
' 1, 746
Mining
Railroads
Transportation other than rail
Public utilities
Commercial and other
do
do
do
do
do
319
325
423
1 199
2,880
314
277
443
1 308
2,725
346
332
450
1, 452
2,830
'300
'342
'358
' 1 205
' 2, 572
34.49
35. 87
36.46
1
Seasonally adjusted quarterly totals at annual rates :cf
All industries
bil of dol
36 89
Manufacturing
Durable-goods industries
Nondurable-goods industries
do
do
do
14.65
7.38
7.27
15.78
8.20
7. 58
15.81
8.21
7.60
' 16. 12
'8.09
'8.03
Mining
Railroads
do
do
Public utilit^s
Commercial and other
do
do
1.28
1.22
1.63
4.61
11.10
1.26
1.20
1.79
5 08
10.76
1.28
1.23
1.76
5.27
11.11
' 1.35
' 1 42
' 1.52
'5.72
' 10. 76
FARM INCOME AND MARKETINGS J
Cash receipts from farming, including Government
payments total
mil of dol
1,883
2, 038
2,091
2,336
2,715
3,148
3,927
3,306
2,768
2,574
2,032
1,926
*> 1,951
1 866
578
1,288
381
622
258
2 022
627
1,395
420
676
268
2 077
779
1,298
411
617
241
2 298
1,008
1,290
388
632
249
2,672
1,247
1,425
372
785
253
3 111
1 726
1,385
355
746
268
3 755
2,131
1.624
363
945
296
3 216
1 749
1,467
342
806
301
2,728
1,406
1,322
371
615
321
2 530
1,146
1,384
384
756
220
2 001
775
1,226
361
633
209
1 897
593
1,304
398
649
229
p 1,929
p 558
p 1,371
"393
"711
^231
77
54
95
83
58
102
85
72
95
94
94
95
110
116
105
128
160
102
154
198
119
132
163
108
112
131
97
104
107
102
82
72
90
78
55
96
P79
•P 52
plOl
88
44
122
93
45
129
96
64
121
112
101
120
124
117
129
144
168
126
177
208
153
157
176
142
128
131
125
119
108
126
95
72
113
91
54
119
p90
P46
"123
a 144
141
141
128
142
146
151
147
144
145
'148
148
'144
P143
_ _ do
do
do
do
do
146
162
152
159
185
142
157
144
154
181
142
156
140
146
179
129
139
62
24
172
143
155
118
119
143
148
161
145
158
168
153
168
149
162
181
149
166
146
159
180
146
166
142
158
180
146
164
146
160
180
149
167
149
160
176
150
166
144
154
175
'146
163
'141
147
185
P144
P159
P137
do
do
do
do
do
174
"136
'173
'157
206
167
130
'168
'153
198
166
132
'167
'152
195
160
124
'158
'148
178
167
135
'168
'147
209
172
144
'177
' 155
220
180
145
'182
'153
237
181
138
'178
'152
227
183
139
'178
'158
'217
181
136
175
'158
208
'185
'138
'177
'160
210
'184
'138
'177
'161
208
179
139
'171
158
' 195
P174
P135
P166
P155
P189
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
201
162
133
516
164
119
126
158
141
189
127
117
520
'163
117
125
162
140
188
127
123
531
163
118
129
163
141
'185
127
99
536
162
115
116
156
135
186
109
101
555
167
123
135
164
145
' 181
59
98
'570
171
125
133
157
150
202
105
103
582
173
127
130
165
154
218
164
102
601
174
122
117
161
150
225
177
101
619
175
125
104
156
145
224
174
98
624
173
118
104
148
136
231
178
113
630
174
119
112
151
137
'228
171
109
'633
174
'119
' 112
'153
139
'222
155
120
629
175
118
117
156
138
P214
P 144
Nondurable manufactures
_ __ __ do _
Food and beverage manufactures
do
Food manufactures 9
do _
Meat products
do
Bakerv products
do
Beverages _
_
__ _ ._ d o _ _ _
Alcoholic beverages
do
Tobacco manufactures
_ _
-do _
Textile-mill products 9
do
Cotton and synthetic fabrics
.
-do ._
Wool textiles.
_ _ _ _ _ _ _ _ _ _ -do
129
106
103
131
95
117
111
103
108
112
89
'128
108
105
121
97
119
108
110
105
109
90
'128
114
110
122
100
128
119
115
100
99
90
119
114
111
118
100
123
107
96
86
87
76
131
122
123
116
99
118
101
115
'103
104
92
134
130
134
129
100
116
106
111
' 102
101
87
137
127
129
142
101
120
118
115
109
113
94
132
117
119
148
100
110
109
111
105
109
86
125
106
108
138
99
98
93
87
99
104
78
128
101
104
139
95
90
86
110
101
108
74
131
' 103
104
' 133
96
97
93
114
105
111
81
133
105
'104
'131
96
109
105
111
106
111
79
'129
105
102
123
97
P129
Farm marketings and CCC loans total
do
Crops
do
Livestock and products total 9
do
Dairy products
do
Meat animals
do
Poultry and eggs
do
Indexes of cash receipts from marketings and CCC
loans, unadjusted:
All commodities
1947-49=100
Crops
do
Livestock and products
do
Indexes of volume of farm marketings, unadjusted:
All commodities
1947-49=100
Crops
do
Livestock and products
do
INDUSTRIAL PRODUCTION
Federal Reserve Index of Physical Volume
Unadjusted combined index
Manufactures _ _
_ _ _ _
Durable manufactures
Primarv metals 9
Steel
Primary nonferrous metals
Metal fabricating (incl. ordnance)
Fabricated metal products
Machinery,
Nonelectrical machinery
Electrical machinery
1947-49=100
P 171
P114
P115
P 156
P136
99
102
78
114
108
116
95
'110
108
118
101
108
126
113
Apparel and allied products
do
119
111
100
106
99
90
104
95
104
108
102
100
Leather and products
_ _ _do _
115
115
107
165
144
163
160
160
163
145
162
169
Paper and allied products
do
157
' 163
161
161
162
161
163
143
162
152
160
142
159
Pulp and paper
do _ _ _
158
'159
159
160
136
129
134
137
133
139
145
142
144
Printing and publishing- _ _ _ __ __ _do __
144
136
139
' 143
P 143
166
176
173
180
172
181
177
182
184
181
Chemicals and allied products
do _
186
184
186
182
192
197
200
199
192
188
198
199
205
206
Industrial chemicals
_ _ _ -do _
207
206
T
135
132
142
137
145
142
145
140
143
Petroleum and coal products
do
' 139
148
145
138
P 141
144
142
149
152
146
151
148
151
154
158
Petroleum refining
_
do
149
160
146
105
129
140
'129
123
135
127
144
147
132
'150 :
'148 '
Rubber products
_
- _do_ 134
'1 Revised.
» Preliminary.
« Revisions: Combined index for March, 144; fabricated metal products for February, 135.
Estimates for the 2d and 3d quarters of 1957, based on anticipated capital expenditures of business, appear on p. 3 of this issue of the SURVEY.
cfHistorical data (annual totals, 1939 and 1945-55; quarterly, unadj. and seasonally adj. at annual rates, 1947-55) appear on pp. 6 and 7 of the June 1956 SURVEY.
9 Includes data not shown separately.
JRovisod series. Annual estimates beginning 1910 and monthly data for the period January 1952-Docomber 1955 for cash receipts have been revised to take into account recent information
on production, disposition, and price; revisions are shown on p. 19 of the March 1957 SURVEY. Indexes of cash receipts and volume of marketings (annuals, 1910-55; monthly, beginning
January 1947) have been revised to reflect adoption of the 1947-49 = 100 base period; for the volume index, also wider coverage and use of new price weights. The revised indexes of volume
of marketings appear on p. 20 of the April 1957 SURVEY. Unpublished indexes of cash receipts (prior to May 1955) will be shown later.
Tune l.i).r)7
SURVEY OF CUERENT BUSINESS
S-3
1956
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
April
May
1
June
July
August
1957
SeptemNovem- DecemOctober
ber
ber
ber
January
February
March
April
May
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION— Continued
Federal Reserve Index of Physical Volume — Con.
Unadjusted index— Continued
Minerals
1947-49= 100__
Coal --_
do
Crude oil and natural gas.
do_
Metal mining
do
Stone and earth minerals
do_
130
86
151
121
138
130
85
149
140
142
131
84
148
144
149
119
62
149
73
147
131
87
150
121
149
132
90
147
142
151
132
93
147
142
150
130
90
149
114
144
155
94
138
'130
'85
157
91
128
131
' 87
157
' 98
129
'130
88
'155
'95
133
'129
84
'151
' 110
'136
p!30
p83
Seasonally adjusted, combined index
do
143
141
141
136
143
144
146
146
147
146
146
' 145
r 144
p 143
do
do
do
144
159
146
143
157
141
142
157
136
138
148
69
144
158
125
146
162
148
147
163
147
147
165
146
149
167
145
147
164
144
' 148
164
143
147
162
137
' 145
p 145
P 160
p 134
do
do
do
do
do
170
136
'170
' 150
208
167
130
'171
' 151
208
168
132
'170
' 151
208
169
130
'173
' 154
210
172
134
' 175
' 157
211
174
139
175
180
139
175
r
155
214
183
141
' 177
r 157
216
180
137
173
154
208
180
' 138
' 172
' 155
204
179
137
' 172
T 155
204
r
210
176
140
' 175
156
211
193
162
123
122
158
144
187
164
123
121
162
143
188
163
122
123
161
144
189
167
123
127
161
145
191
171
122
130
160
145
193
171
122
126
154
146
203
172
122
120
157
146
216
172
119
119
157
144
223
173
120
117
158
144
221
173
118
114
155
140
224
174
118
113
155
136
222
173
' 118
' 111
'154
137
r 217
130
113
108
106
109
106
129
111
106
103
111
103
128
111
106
100
112
101
128
112
106
100
112
102
130
114
105
102
112
102
130
114
106
103
113
102
131
113
106
105
117
101
129
114
109
103
108
104
130
114
107
103
110
102
131
111
112
100
109
102
131
'113
116
101
'110
106
131
113
111
' 101
' 111
' 107
'130
160
135
179
139
136
160
135
177
140
127
161
135
176
140
120
162
136
176
132
125
161
138
176
139
135
159
137
177
143
132
160
140
177
140
134
160
139
177
143
126
157
140
179
145
137
159
141
184
147
145
157
141
183
143
'145
'157
141
' 182
' 141
'144
129
89
147
129
141
128
85
149
118
140
129
85
149
113
143
123
75
152
60
142
130
85
154
103
140
131
86
151
123
143
131
85
151
132
141
130
87
149
128
142
r 130
130
'81
153
120
142
132
'87
' 154
122
142
133
' 93
152
Manufactures
Durable manufactures
Primary metals
_
Metal fabricating (incl. ordnance). _. ..
Fabricated metal products
Machinery J ~ _
_ . .
Nonelectrical machinery J
Electrical machinery % _ _ _
„
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 t .
~ _
Food and beverage manufactures
Tobacco manufactures _
_ _
Textile-mill products
Apparel and allied products
Leather and products
do
do. _
do
do
do
do
Paper and allied products
. do
Printing and publishing
do
Chemicals and allied products t - _ _ . d o
Petroleum and coal products
do
Rubber products
._ __ ._ _ . _ do
Minerals
Coal
_
Crude oil and natural gas
Metal mining _ _ _
_ _ _ _ .
Stone and earth minerals
do
. do
do
_ do
. do
r 158
129
83
80
' 153
127
141
161
'136
176
139
167
152
196
173
'121
112
'156
141
112
p 132
pl43
P
P
p
p
p
175
135
169
153
198
p 213
p 171
p 120
p 156
P 139
p 130
p 111
99
109
107
156
r 141
183
r 142
P 142
P 144
130
r 128
88
p 128
143
' 147
' 117
r 139
J> 84
p 150
P 111
P 140
r 121
CONSUMER DURABLES OUTPUT
141
124
124
116
120
113
128
139
141
137
143
142
' 132
P 126
do
do
do
do
do
.do
do
154
162
150
116
162
209
109
131
127
136
112
143
184
108
130
127
134
111
143
174
109
121
127
117
104
125
130
106
122
109
136
116
121
238
115
111
59
158
122
158
265
118
132
105
158
122
142
312
118
151
164
141
117
122
270
112
154
177
137
118
128
217
110
' 149
174
' 129
113
' 125
188
110
' 157
178
140
116
' 144
201
112
155
171
143
116
151
196
111
' 142
P 133
p 144
P 125
r 109
P 108
do
132
125
123
127
127
123
123
132
141
137
138
134
r 126
P 126
do
do
do
do
do
_ _ do
do
141
140
145
117
147
219
111
132
118
141
117
137
226
110
128
120
13S
114
134
218
110
135
122
148
117
152
227
111
132
124
141
117
136
231
114
127
106
148
118
149
232
113
129
117
142
115
136
237
110
143
152
136
114
130
218
109
154
168
143
115
144
218
113
147
169
130
114
128
181
114
149
167
134
113
' 137
189
114
144
159
132
113
133
185
111
r 133
P 133
p 139
P 129
'53.1
'54.3
' 54.1
'52.5
' 54.3
' 53.8
' 54. 9
'55.5
'55.6
'56.4
'56.2
'55.7
55.5
27.2
13.5
13.7
27.8
13.8
14.0
27.7
13.9
13.8
26 2
12.6
13 5
27 6
13.7
14 0
27 6
13.7
13 9
28 3
14 2
14 1
28 7
14 3
14 4
28 7
14 5
14 2
29 2
14.6
14 5
29 1
14.7
14.4
r 28 8
' 14 4
r 14 3
28 5
14 1
14 4
10.4
3.6
6.8
10.7
3.7
7.0
10.6
3.7
6.9
10 5
3.6
6.9
10 6
3.6
7.0
10 3
35
6.8
10 6
36
7.0
10 6
35
7 0
10 6
3 5
7 1
10 9
36
7.3
10 7
3.5
7.2
10 6
36
' 71
10 7
35
7 2
... .. do
_ do
__.. do ..
'15.4
5.3
'10.1
'15.7
5.4
'10.4
'15.9
5.5
'10.4
' 15.9
5.5
' 10.4
'16.1
5.5
'10.6
' 15.9
5.3
'10.5
'15.9
55
'10.4
' 16 2
57
10.5
' 16 3
5 8
' 10 5
' 16.3
57
'10|6
' 16.4
5.7
' 10.6
5 7
r 10 6
16 3
56
10 7
Manufacturing and trade inventories, book value, end
of month (seas. adj. \ total . .. —
bil ofdol
84.5
85.1
85.6
85.8
86 1
86 5
87 2
88 0
88 5
88 7
'88 9
89 2
48.0
27 7
20.2
48.6
28.1
20.4
49.1
28 2
20.9
49.2
28 2
21 1
49 5
28 2
21 4
50 1
28 7
21 4
50 8
29 4
21 4
51 3
29 9
51 5
29 9
r 21 6
51 4
29 9
21 4
' 51 9 r 52 3
30 2
30 4
21 7
21 9
52 5
30 6
21 9
Unadjusted, total output
_. 1947-49=100
Major consumer durables
Autos
.Major household goods
__
Furniture andfloorcoverings. .
Appliances and heaters
_
Radio and television sets ... ...
Other consumer durables
Seasonally adjusted, total output %
Major consumer durables J
Autos
_
Major household goods t
Furniture andfloorcoverings.-. .
Appliances and heaters t
Radio and television sets
Other consumer durables
155
132
113
159
141
128
113
167
P 110
BUSINESS SALES AND INVENTORIES §
Manufacturing and trade sales (seas, adj.), total rf1
bil.ofdolManufacturing, total
Durable-goods industries _ _ _
Nondurable-goods industries
do
do _
___ . . _ do
Wholesale trade, total
Durable-goods establishments
Nondurable-goods establishments
Retail trade, totalcf
Durable-goods stores .
Nondurable-goods storesd"
Manufacturing, total .
Durable-goods industries
Nondurable-goods industries
do
do
do
__
_. __ do
do
__ _ _ . do.
r 21 6
Wholssale trade, total
. _ ...
Durable-goods establishments
Nondurable-goods establishments
do
do
do
12.6
6. 5
6.1
12.7
6. 5
6.1
12.7
66
6.1
12 8
6 6
6.2
12 8
66
6.2
13 0
6 7
6.3
13 1
6 7
6.3
13 2
6 7
6 4
'67
' 64
13 3
13 1
68
6 4
13 1
'67
' 6.4
13 1
6 8
6 3
13 0
6 7
6 3
Retail trade, total
. ..
Durable-goods stores
.
Nondurable-goods stores
do _.
do_ .
do
23.9
11.1
12.8
23.9
11.0
12.9
23.8
10.8
13.1
23.8
10.7
13.2
23 7
10.5
13.3
23 4
10 2
13.2
23 3
10 1
13.2
23 5
10 4
13.1
23 9
10 7
13.2
24 0
10 8
13.2
23 9
10 8
13.1
23 7
10 7
23 7
10 6
13! 1
is! o
' Revised.
P Preliminary.
^Scattered revisions for 1955 will be shown later.
c?1 Revised beginning January 1951 to exclude data for milk dealers' establishments with processing on the premises. Revisions prior to April 1956 appear on p. 28 of this issue of the S U R V E Y .
§Tbe 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 nonfarin. 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.
SURVEY OF CURRENT BUSINESS
S-4
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
June 1957
1956
April
May
June
July
August
1957
Septem- October Novem- December
ber
January
February
March
April
May
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Sales value (unadjusted), total
- mil. of dol
Durable-goods industries total
- do
Primary metal
do
Fabricated metal
do
Machinery (including electrical)
do
Transportation equipment (including motor
vehicles)
_ _ - mil. ofdol "Lumber and furniture
do
Stone clay and glass
-do. Other durable-goods industries
do
Nondurable-goods industries, total
Food and beverage
Tobacco
Textile
- - --Paper
-Chemical
Petroleum and coal
-«•
Rubber
Other nondurable-goods industries
-
do
do
do
do.-_
do - do
do
do
_ _ _ do _ _
Sales value (seas adi ) total
do
Durable-goods industries , total
- do
Primary metal
-~
do
Fabricated metal
do
Machinery (including electrical)
doTransportation equipment (including motor
vehicles)
mil. of dol
Lumber and furniture
- - - do
Stone clay and glass
do
Other durable-goods industries
- do _
Nondurable-goods industries total
Food and beverage
Tobacco
- Textile
Paper
Chemical
Petroleum and coal
Rubber
Other nondurable-goods industries
do
do - ,
do
- do do
--- -do.- _
do
do
do
Inventories, end of month:
Book value (unadjusted) total
do
Durable-goods industries total
do
Primary metal
do
Fabricated metal
do
Machinery (including electrical)
do
Transportation equipment (including motor
vehicles)
mil. of dol
Lumber and furniture
do
Stone clay and glass
do
Other durable-goods industries
do
By stages of fabrication:
Purchased materials
bil.ofdol
Goods in process
- -~ --do. ...
Finished goods
do
Nondurable-goods industries, total
mil. of doLFood and beverage
do
Tobacco
- - - do. . Textile
do
Paper
- do
Chemical
- do
Petroleum and coal
do
Rubber
do
Other nondurable-goods industries
do
By stages of fabrication:
Purchased materials
bil. of dol_
Goods in process
do
Finished goods
-do
Inventories, end of month:
Book value (sea^ adj ) total
mil. ofdol
Durable-goods industries, total
_
- do
Primary metal
~ -- - -do_ _
Fabricated metal
do
Machinery (including electrical)
do
Transportation equipment (including motor
vehicles)
mil. of dol.. Lumber and furniture
do
Stone, clay and glass
do
Other durable-goods industries
- .do---By stages of fabrication:
Purchased materials
bil ofdol
Goods in process
do
Finished goods
-do
r
Nondurable-goods industries, total
mil. of doL_
Food and beverage
- - - - do
Tobacco
do
Textile
do
Paper
. . .
..
do
Chemical
do
Petroleum and coal
.
-do
Rubber
do
Other nondurable-goods industries
-do- -. By stages of fabrication:
Purchased materials
- bil. of dol. .
Goods in process
do
Finished goods
- - do - Revised.
1, 434
3,876
27, 830
14 069
2,502
1,441
3,957
27, 727
14, 235
2.571
1,484
4,057
24,122
11, 304
1,063
1,271
3,487
27, 861
13, 428
1,927
1, 547
3,845
27, 713
13, 351
2,321
1,513
3,997
30, 237
14, 953
2,603
1,666
4,292
28, 755
14, 469
2,473
1,510
4,039
27, 832
14, 188
2,353
1,311
4,232
28, 924
14, 469
2,540
1,544
4,064
3,257
1,138
698
1,048
3,181
1, 185
738
1,065
3,119
1,167
735
1,102
2,838
1,014
661
970
2, 875
1,261
802
1,171
2,481
1,210
728
1, 101
3,049
1,198
860
1,285
3,647
1,029
720
1,051
3,869
889
593
941
3.814
970
614
923
3,666
945
599
867
13, 426
4,040
320
1, 056
902
2,052
2,424
458
2,174
13, 761
4 322
307
1, 046
912
2, 107
2, 501
459
2,047
13,492
4,299
337
1,056
889
1,991
2,501
473
1,946
12,818
4 077
355
920
794
1,847
2,424
441
1,960
14, 433
4, 353
376
1,176
907
2,074
2,572
449
2,526
14, 362
4 536
329
1,212
872
2,079
2,470
425
2,439
15, 284
4,663
366
1,345
983
2,193
2,591
490
2,653
14,286
4 376
353
1,184
910
1, 995
2, 655
426
2,387
13, 644
4 256
345
1,068
822
1,907
2,801
443
2,002
14, 455
4,429
338
1,122
930
2,155
2,969
483
2,029
13,799
4 249
312
1,096
844
1 968
2,649
452
2,229
r
27, 231
13,519
2,442
1,434
3,740
27,814
13, 754
2,472
1,486
3,935
27, 651
13,850
2,533
1,484
3,923
26 158
12, 627
1,224
1,382
4,032
27, 632
13,665
1,982
1,446
4,022
27 624
13, 692
2,392
1,427
3,945
28, 329
14, 199
2, 529
1,461
4,115
28 716
14, 321
2, 475
1, 541
4,162
28 691
14, 507
2,348
1,457
4,125
29,183
14, 642
2,444
1, 560
4,205
29 130
14 726
2,396
1,544
4,225
'28
770
r
14, 438
••2,380
r
1, 524
3,001
1,105
705
1,092
2,972
1,129
716
1,044
2,971
1,155
693
1,091
3,058
1,152
689
1,090
3,165
1,212
723
1, 115
3 035
1, 186
668
1,039
3,181
1,079
717
1,117
3,387
1,039
706
1,011
3, 862
999
682
1,034
3,782
1,010
690
951
3 847
1,038
713
963
' 3,
706
r
997
r
731
r
929
3, 392
986
687
976 _..
13,712
4,245
348
1,123
884
1,970
2,499
445
2,198
14, 060
4,312
346
1, 125
931
2, 097
2,633
464
2, 152
13, 801
4,295
324
1,089
889
2,028
2,552
450
2,174
13, 531
4, 161
338
1,082
854
1,979
2,448
459
2,210
13, 967
4,251
345
1,109
898
2,094
2,572
436
2,262
13 932
4 378
323
1,122
863
2,031
2 520
429
2 266
14, 130
4,311
342
1,140
936
2,081
2,565
454
2,301
14, 395
4,342
350
1,184
910
2,095
2,682
463
2,369
14 184
4, 355
363
1, 148
874
2,086
2 593
461
2 304
14,541
4, 569
356
1,100
912
2,095
2,883
474
2, 152
14 404
4 520
363
1, 191
870
2,023
2 731
476
2 230
' 14, 332
' 4, 562
'345
r
14, 449
4,583
355
1. 112
912
2, 038 _ . _
2, 778
48, 170
27, 955
3,536
2, 962
9,458
48, 834
28, 446
3,658
3,037
9, 655
49, 284
28, 521
3, 638
3,052
9, 771
49, 180
28, 220
3 704
2,943
9 652
49, 130
28, 006
3, 835
2,864
9, 580
49 662
28, 423
3 975
2,871
9 677
50, 418
29,098
4, 133
2, 886
9,802
50, 9S1
29, 497
4,249
2,917
9,961
51 572
29, 819
4 354
2,941
10 002
51,971
30, 037
4, 325
2,989
10, 092
52 291
30, 337
4 335
3,044
10, 219
r
52, 626
' 30, 648
' 4, 276
T
3, 101
r
10, 304
6,877
1,830
1,053
2,239
6,889
1,868
1, 057
2,282
6,795
1,870
1,072
2,323
6, 690
1 877
1,067
2,287
6,600
1,841
1,028
2,258
6 898
1 786
988
2,228
7,331
1,784
978
2,184
7,415
1,775
1, 005
2, 175
7, 455
1 800
1,047
2,220
7, 526
1, 804
1,078
2,223
7, 552
1 810
1,117
2,260
7.4
11.5
9.0
7.6
11. 7
9.2
7.9
11.6
9.0
8.0
11.5
8.7
7.8
11.5
8.6
7 9
11 9
86
8.1
12.2
8.8
8.3
12.3
8.9
8 4
12.3
9. 1
8.2
12.5
9.4
8. 1
12.6
9.6
20,215
4, 303
1,884
2,542
1, 145
3, 434
2,789
1,019
3, 099
20,388
4,238
1,829
2,602
1,144
3,477
2, 856
1,024
3, 218
20, 763
4,337
1,785
2,618
1,181
3,545
2,924
1,004
3, 369
20, 960
4,492
1,749
2,612
1,213
3, 557
3,041
957
3, 339
21, 124
4. 694
1, 763
2, 606
1,217
3, 546
3, 096
947
3.255
21, 239
4 821
1, 801
2 573
1,215
3,571
3 164
957
3 137
21, 320
4,892
1,830
2, 559
1,207
3,636
3,196
961
3,039
21, 484
4, 957
1,865
2,579
1,220
3,686
3, 151
973
3 053
21, 753
4 899
1,927
2 625
1, 258
3,783
3, 154
1 008
3 099
21, 934
4,885
2,097
2,645
1,258
3, 792
3,022
1, 015
3,220
21, 954
4, 768
2, 103
2, 655
1,302
3,850
3,022
1 015
3 239
8.3
3.0
8.9
8.2
3.1
9. 1
8.2
3.1
9.4
8.3
3.1
9.5
8.3
3.1
9.7
8 4
31
9.8
8.5
3.1
9.7
8 7
31
9.8
8 9
3 1
98
8.9
3. 1
9.9
89
31
9.9
47^958
27,723
3,688
2, 933
9,292
48, 566
28, 123
3,770
2, 920
9,523
49, 080
28, 174
3,718
2, 907
9,563
49, 238
28, 179
3,698
2, 885
9,654
49, 535
28. 178
3.809
2, 893
9,684
50 106
28, 708
3,892
2 960
9,814
50, 830
29, 408
4,037
3, 006
9,979
51 357
29, 925
4 128
3 039
10, 159
51 373
29, 935
4 226
3 064
10, 100
51, 498
29, 884
4.259
3 019
10, 070
51 903
30, 190
4 342
3 044
10, 193
6, 781
1,812
1,022
2,195
6,830
1, 850
1,036
2,194
6,755
1, 870
1,061
2,300
6,730
1,858
1,067
2,287
6,639
1, 823
1,049
2,281
6,946
1 804
1,019
2,273
7,308
1,820
1,029
2,229
7,511
1 811
1,058
2,219
7,427
1 782
1 047
2,289
7, 430
1 804
1,057
2,245
7,511
1 810
1 074
2,216
' 7, 557
' 1 846
' 1, 100
' 2, 277
7, 595
1 806
1, 121
2,316
7.7
11.4
8.7
7.8
11.6
8.7
8.0
11.5
8.6
7.9
11.6
8.6
7.8
11.6
8.7
7 9
11.9
8.9
8 0
12.2
9.2
81
12 5
9 3
8 2
12 5
9.3
8 1
12 4
9.4
8 2
12 5
9 5
81
12.7
9.6
8 2
12 8
9.6
20,235
4,448
1,865
2,492
1,134
3,407
2,817
970
3,102
20,443
4,467
1,866
2,526
1,144
3,479
2,828
985
3, 148
20,906
4,587
1,879
2,618
1,181
3, 512
2,953
975
3,201
21, 059
4,634
1,861
2,586
1,225
3,540
3, 041
987
3, 185
21,357
4,698
1,876
2,632
1,255
3, 618
3,065
1,007
3,206
21, 398
4,713
1 838
2,599
1,227
3,714
3,133
1 007
3,167
21, 422
4,696
1 812
2,611
1,232
3,740
3, 133
1 022
3,176
21, 432
4,715
1 847
2 632
1,232
3 703
3 089
1 024
3,190
21, 438
4 676
1 853
2 679
1 246
3 689
3 123
998
3,174
21, 614
4 712
1 942
2*672
1 258
3 721
3' 113
995
3,201
8.2
3.0
9.0
8.3
3.0
9. 1
8.4
3.1
9.3
8.5
3. 1
9. 5
8.6
31
9.6
8.5
31
9.8
8.5
31
9 8
85
31
98
8 6
3 1
9 7
8 7
31
9 9
27, 370
13,944
2,493
27, 798 rr 29, 762
13 999
15, 057
f
2, 335
2, 540
1 467 T 1, 570
' 4, 452
4,120
' 3, 795
1,027
r
* 716
r
957
14, 705
'4 496
'321
' 1, 129
'903
r
2, 187
r
2, 825
486
r
2, 358
3,617
1,065
714
976
14, 260
4 381
341
1,090
930
2, 125
2,695
2,208
28 549
14, 100
2, 395
1, 561
4, 103
' 4, 171
r
r
r
r
T
r
r
l , 118
'860
2, 057
2, 716
476
2, 198
52, 655
30, 819
4,220
3, 194
10, 370
7.694
1,824
1, 155
2, 362
8.0
7.9
12.9
10.0
r 12.8
9.8
' r21, 978
4, 647
' 2, 076
r
2, 670
'1.345
' 3, 874
' 3, 068
1,029
r
3, 269
'8.8
'3.3
9.9
- _
2. 195
7, 665
1,846
1, 133
2. 323
_
21, 836
4, 503
2. 070
2. 630
1, 336
3. 893
3, 092
3, 274
8.6
3. 3
9.9
r
52, 263
52 482
' 30> 388 30, 587
' 4- 408 4,399
3, 162
' 3, 040
' 10. 160 10, 188
21, 713 ' r21, 875
4 752
4 706
1 965 T i 996
' 2 618
2 655
1 264 ' 1 293
r 3 g21
3 796
3 084 ' 3 131
989
985
3,258 ' 3, 275
8 6
31
10 0
28. 937
14 677
2,444
1, 561
4,300
'8 6
r 3 2
10 1
21, 895 -4 691
2 050
2 578
1 323
3 863
3 123
3, 278
8 5
3 3
10 1
.
SUKVEY OF CUERENT BUSINESS
June 1957
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-5
1956
April
May
June
July
1957
DecemOctober NovemAugust September
ber
ber
January
February
March
April
May
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
New orders, net (unadjusted), total
mil. of doL.
Durable-goods industries, total
- ..do
Primary metal
_
do
Fabricated metal
- do
Machinery (including electrical")
__ ._ do_ _ _
Transportation equipment (including motor vehicles)
mil. of dol
Other durable-goods industries
do
27, 556
14, 257
2,146
1,609
4,335
27, 945
14, 223
2,488
1,492
4,187
28, 796
15, 236
2.180
1,401
4,613
25, 936
13, 143
2,014
1,366
4,007
29, 240
14 973
2, 322
1 481
4,045
28, 134
13, 818
2,039
1 639
4,080
29, 683
14 247
2,401
1 583
4,393
29, 091
14 741
2 615
1 386
4 072
28, 248
14 534
2 447
1 413
4 184
28, 652
14 362
2 293
1 515
4 177
3,188
2,979
3 052
3,004
3 842
3,200
3 001
2, 755
4 050
3 075
3 156
2*904
2 774
3' 096
4 015
2*653
4 336
2 154
3 669
2 708
13, 299
2,970
10, 329
13, 722
3,035
10, 687
13, 560
3,106
10, 454
12, 793
2,734
10, 059
14 267
3,069
11, 198
14 316
3,291
11, 025
15 436
3 758
11, 678
14 350
3 305
11, 045
13 714
3 Oil
10, 703
27, 752
14, 073
2,146
1,577
4,122
28, 803
14, 732
2,392
1,538
4,460
27, 883
14, 185
2 319
1,334
4 311
26, 998
13, 513
2 166
1,366
4 140
29, 099
15 166
2 322
1 346
4 195
28, 072
14, 266
2 192
1,576
4 200
28, 906
14 591
2 475
1*583
4 445
29, 438
15 130
2 672
1 540
4 436
28, 844
14 544
2 423
1 570
4 054
3,188
3,040
3,213
3,129
3,202
3,019
3,001
2,840
4,402
2 901
3,394
2 904
3 082
3 006
3 718
2 764
4,130
2 367
3 669
2 604
13, 679
3,094
10, 585
14, 071
3,229
10, 842
13, 698
3,045
10 653
13,485
3,072
10, 413
13 933
3,100
10 833
13 806
3,047
10 759
14 315
3 416
10 899
14 308
3 148
11 160
14 300
3 238
11 062
57, 410
54, 524
7,040
4,462
17, 495
57, 525
54, 678
7 026
4,513
17 725
58, 594
55, 679
6 635
4, 430
18 281
60, 408
57, 518
7 586
4,525
18 801
61, 787
59 063
7 981
^ 459
19 001
62, 227
59 549
7 699
4 585
19 084
61, 654
58 824
7 497
4 502
19 185
61, 990
59 096
7 639
4 378
19 218
20, 879
4,648
20, 750
4,664
21 473
4,860
21 636
4,970
22 811
4,811
23 486
4,695
23 211
4^429
2,886
2,847
2,915
2,890
2 724
'
2 678
12, 475
13, 142
11, 952
11, 513
11 339
985
1,164
1,105
1,018
91
153
186
463
92
94
132
245
575
118
93
163
183
551
115
87
141
165
540
85
thous. of dol
41, 871
59, 901
43, 013
- do
__do
do
do
- d o
2,900
6,967
17, 142
10, 772
4,090
3,619
8,877
28, 450
13, 242
5,713
3,588
8,598
10, 684
12, 812
7,331
Nondurable-goods industries, total
Industries with unfilled orders 9
Industries without unfilled orders^
do
do _.
__do
New orders, net (seas, adjusted), total
do
Durable-goods industries, total—
__do_ _ _
Primary metal
do
Fabricated metal
do_
Machinery (including electrical)
do
Transportation equipment (including motor vehicles)
_mil. of dol _
Other durable-goods industries
__do
Nondurable-goods industries, total
Industries with unfilled orders 9 .- ._.
Industries without unfilled orders^
_ do
do
do
Unfilled orders, end of month (unadj.), total
do
Durable-goods industries, total
do
Primary metal
do
Fabricated metal
_-do
Machinery (including electrical)
do
Transportation equipment (including motor vehicles)
mil. of dol
O ther industries , incl ud ing ordnance
do
Nondurable-goods industries, total 9
do
27, 438 ' 29, 259 27, 648
13 323
13 713 r 14 724
2 446 '2 633
2 118
1 509 r i 567
1 469
4 147 ' 4 327
4 036
r 3 492
r 2 705
3 212
2 488
14 290
3 009
11 281
13 725 r 14 535
3 008 r 3 no
10 717 r 11, 425
14 325
3 276
11 049
28
14
2
1
4
28 228 ' 27, 670 27 804
13 979 r 13 524
13 214
2 184
2 375 r 2 351
1 540 r i 438
1 440
4
032
4 212 r
3 839
935
393
316
595
209
3 139
2 472
r 3 175
r 2 528
3 212
2 539
14 542
3 134
11 408
14 249 r 14 146
3 038 r 2' 962
11 211 r 11 184
14 590
3 343
11 247
62, 406
59 442
7 733
4 480
19 170
62, 134
59 335
7 486
4 451
19 °83
61, 774 * 61, 271
^9 049 r 58 716
7 597 r 7 690
4 493 r 4 4qo
19' 310 r 19 185
59, 982
57 362
7 364
4 398
18 Q21
23 579
4,282
24 046
4,013
23 901
4,214
23 374
4.275
23 071
4. 280
22 666
4,013
2 830
2 894
2 964
2 799
2 725
r 9 555
o 620
9,583
11 546
9 749
10 788
13 387
10 791
11 815
12 078
1,101
932
1,158
999
982
1 148
1 146
1 336
1 175
95
146
195
567
98
72
146
140
489
85
82
182
198
584
112
86
171
166
482
94
83
183
172
472
72
71
177
197
612
91
93
180
199
568
106
99
205
239
672
121
118
172
190
580
115
48, 689
55, 040
39, 313
50, 004
39, 886
50, 279
54, 060
65 406
55 833
57 1Q3
7,442
7,488
9, 005
11, 945
12, 809
4,127
7,507
17, 828
14, 772
10 806
2,058
7,840
9,539
15, 656
4 220
3,629
11, 145
17, 345
12, 368
5 517
4 086
10 672
16 105
17 862
5 335
2 493
8 440
33 402
14 780
6 291
3 833
10 424
17 760
17 816
6 000
3
9
16
15
11
'238
'242
' 237
' 242
T 294
258
3 304
2 548
r
r
BUSINESS INCORPORATIONS cf
New incorporations (48 States)
number
INDUSTRIAL AND COMMERCIAL FAILURES cf
Failures, total
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade
- -
- number
-
do
do
_ __do _
elo
- do
Liabilities (current) , total
Commercial service Construction
._
Manufacturing and mining
Retail trade .
Wholesale trade
-
1,854
11, 099
11 714
11, 476
3 743
3 780
8,149
21 785
10 946
5 619
878
090
286
994
855
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
Prices received, all farm products!
Fruit
Oil-bearing crops
Potatoes§
Tobacco .
Livestock and products
Dairy products
Meat animals
Poultrv and eggs
Wool
.__
'234
'240
'245
'243
'236
236
_ do
do
do
_do
do
r 242
' 249
••259
270
192
226
'261
'290
273
192
'219
' 255
r 263
'233
'233
274
194
216
263
197
218
' 181
275
196
222
do
do
do
do
'213
253
'261
259
'334
453
r 221
'203
249
r 212
453
'227
265
••263
454
227
246
'238
' 181
'232
' 232
247
'250
178
'233
'231
'245
'251
'172
'235
r 231
246
174
233
r 257
'234
'233
r 274
r 243
167
r 249
262
274
248
'265
278
250
264
280
248
266
282
267
281
266
279
265
279
284
286
286
287
_ 1910-14 = 100..
Crops
Commercial vegetables, fresh market
Cotton
Feed grains and hay
__
Food grams
_
do
do
do
do
___do
Prices paid:
All commodities and services
do
Family living items
._ __
do
Production items
do.
All commodities and services, interest, taxes, and
wage rates . _
... 1910-14=100
r 244
275
185
229
r221
250
387
453
'251
248
234
234
'235
238
234
r 231
' 208
270
178
225
' 237
T 266
r 237
r 263
r 238
r 237
256
187
236
r 934
255
181
235
r 252
252
181
235
'225
r 235
' 163
r 221
r 207
262
154
443
r 205
264
' 155
461
227
266
162
457
221
260
153
45 S
237
265
148
459
238
r 239
'257
'266
236
230
' 279
231
' 163
r 253
' 233
' 274
239
165
' 260
' 238
' 270
254
155
' 265
234
266
249
157
267
238
260
263
150
274
267
281
252
268
283
252
269
283
255
271
250
284
256
287
289
290
292
294
r 204
451
171
250
288
455
254
172
252
287
249
' 143
453
270
182
232
262
185
234
r 236
180
233
243
244
315
266
179
225
237
264
145
459
240
253
275
150
286
241
248
278
144
310
272
284
258
273
285
273
286
260
259
295
296
296
228
263
156
457
89
'84
r«2
'82
86
82
85
Parity ratio©!
do
82
80
r81
82
81
'81
82
' Revised.
9 Includes textiles, leather, paper, and printing and publishing industries; unfilled orders for other nondurable-goods industries are zero.
IFor these industries (food, beverages, tobacco, apparel, petroleum, chemicals, and rubber), sales are considered equal to new orders.
cfData are from Dun and Bradstreet, Inc.
JData beginning January 1954 have been revised to incorporate the latest revisions in the price series for individual commodities; unpublished revisions (prior to April 1956) will be shown
§Ineludes sweetpotatoes and dry edible beans.
©Ratio of prices received to piices paid (including interest, taxes, and wage rates).
tParity ratio revised beginning March 1953; revisions prior to April 1956 will be shown later.
S-6
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition cf
BUSINESS STATISTICS
SURVEY OF CURRENT BUSINESS
June 1957
1956
April
May
June
July
August
1957
Septem- October Novem- December
ber
ber
January
February
March
April
May
COMMODITY PRICES—Continued
RETAIL PRICES
All commodities (U. S. Department of Commerce
index)
1935-39-100-.
Consumer price index (TJ. S. Department of Labor):
All items
1947-49=100
Apparel
do
Food 9
do
Dairy products
do
Fruits and vegetables
do
Meats poultry, and
fish
do
Housing 9
do
Gas and electricity
do
Housefurnishings
do
Rent
do
Medical care
do
Personal care
do
Reading and recreation
do
Transportation
do
Private
do
Public
-do
Other goods and services
do
208.8
209.8
211.9
213.6
212.5
213.1
213.4
213.8
213.9
214.1
214.9
214.7
214.9
114.9
104.8
109. 6
106. 4
116.7
94.0
120.8
111.8
102.7
131.7
131. 6
119.5
108.2
126.4
116.5
170.8
121.4
115.4
104.8
111.0
107.5
121.5
95.5
120.9
111.8
102.6
132.2
131.9
119.6
108.2
127.1
117.1
172.5
121.5
116.2
104.8
113.2
107.7
131.4
98.0
121.4
111.7
102.8
132.5
132.0
119.9
107.6
126.8
116.7
172.6
121.8
117.0
105.3
114.8
108.7
135.2
99.3
121.8
111.7
102.8
133.2
132.7
120.1
107.7
127.7
117.6
172.7
122.2
116.8
105.5
113.1
109.2
120.7
99.9
122.2
112.1
102.6
133.2
133.3
120.3
107.9
128.5
118.6
172.9
122.1
117.1
106.5
113.1
109.8
114.8
101.3
122.5
112.2
103.3
133.4
134. 0
120.5
108.4
128.6
118.7
173.0
122.7
117.7
106. 8
113.1
110.7
113.9
100.8
122.8
112.0
103.6
133.4
134.1
120.8
108.5
132. 6
122.9
173.0
123.0
117.8
107.0
112.9
111.1
115.8
98.8
123.0
111.8
103.8
133.8
134.5
121.4
109.0
133.2
123. 5
173.4
123.2
118.0
107.0
112.9
111.3
117.4
98.0
123.5
112.0
104.1
134.2
134.7
121.8
109.3
133.1
123.3
174.1
123.3
118. 2
106.4
112.8
111.2
116.9
99.0
123.8
112.3
104.0
134.2
135.3
122.1
109.9
133. 6
123.8
174.9
123.8
118.7
106.1
113.6
111.1
116.5
101.4
124.5
112.4
105.0
134.2
135.5
122.6
110.0
134.4
124.5
175.8
124.0
118.9
106.8
113.2
110.7
116.1
100.6
124.9
112.4
104.9
134.4
136.4
122.9
110.5
135.1
125.2
175.8
124.2
i 119. 3
106.5
113.8
110.5
118.7
102.0
125.2
112.4
105.1
134.5
136.9
123. 3
111.8
135.5
125. 5
176.8
124.2
WHOLESALE PRICES cf
(U. S. Department of Labor indexes}
116.3
114.2
115.5
115.6
115.9
114.4
114.0
114.7
116.9
117.2
117.1
113.6
117.0
116.9
All commodities
1947-49=100
Economic sector: *
96.4
96.6
94.9
96.6
95.7
95.0
95.0
96.6
95.4
96.7
96.7
97.1
96.7
97.4
Crude materials for further processing.- - do_ __
Intermediate materials, supplies, and components
124.2
122.2
122.6
123.6
121.3
123.8
121.7
123.0
124.8
121.7
124.9 r 125. 0
125.1
124.8
1947-49=100,
114.1
116.2
116.2
114.0
115.6
116.9
117.4
117.5
113.6
114.0
115.3
112.7
117.0
116.7
Finished goods ©
do
88.9
89.1
88.4
87.9
90.9
91.2
90.0
90.6
89.5
90.1
88.0
88.8
88.8
89.3
Farm products 9
do
r
104.3
102.6
120.2
94.8
97.6
103. 0
111.8
95.3
94.1
109.0
111.8
96.1
101.8
100.7
Fruits and vegetables, fresh and dried
__do_ _
88. 8
90.5
88.4
84.0
87.9
88.8
85.4
86.9
87.3
89.5
87.5
90.7
87.0
89.5
Grains
do
68.6
71.7
74.4
72.9
76.0
73.0
78.7
74.8
79.3
70.8
76.6
75.7
73.9
75.0
Livestock and live poultry
do
102.6
102.4
103.6
103.6
103.1
102.3
102.2
104.3
105.0
100.4
104.0
104.3
103.9
103.7
Foods, processed 9
do
115.4
115.5
115.3
114.8
114.5
115.3
115.8
116.5
115.6
114.6
115.9
116.8
116.7
115.8
Cereal and bakery products
_
._
do
112. 6
108. 9
113.6
107.9
108.0
107.9
110.9
111.4
110.7
105.9
112.5
109.7
112.5
111.3
Dairy products and ice cream
_.
do. .
106.4
105.6
109.3
109.3
106.4
109.0
106.7
107.3
106.8
105. 9
104.9
104.7
105.9
105.6
Fruits and vegetables, canned and frozen
do._.
81.5
85.1
82.1
82.7
88. 2
91.5
83.1
83.7
89.3
85.7
83.9
84.6
79.3
84.8
Meats, poultry, and fish ..
.
do Commodities other than farm products and foods
124.2
124.7
121.5
123.6
121.7
121.4
122.5
123.1
121.6
125.5
125.4 ' 125. 4 125.3
125.2
1947-49=100
106.9
108.2
108.3
109.1
106.9
107.3
107.3
107.7
109.1
107.1
108.8
108.8
107.1
108.7
Chemicals and allied products 9 .- _
do
122.5
122.1
122.1
122.6
122.5
123.6
120.9
120.8
121.9
123. 2
123.6
121.1
122.9
123.5
Chemicals, industrial
do
92.1
92.5
92.1
92.2
91.9
91.9
92.2
91.9
92.3
93.2
93.5
93.3
93.1
92.6
Drugs and Pharmaceuticals §-..
do
59.4
60.3
59.2
55.1
55.8
57.9
58.2
58.1
53.7
53.8
55.4
57.8
58.0
58.7
Fats and oils, inedible
do
109.1
104.1
105.7
107.2
106.0
105.7
112.4
108.7
104.5
105.9
107.5
105.7
106.8
105.9
Fertilizer materials
_
do
119.1
119.1
124.1
124.1
119.1
122.4
123.6
124.1
124.7
119.1
119.1
119.1
124.1
124.1
Prepared paint
do . .
110.5
114.0
110.8
110.6
110.9
119.6
119.2 ' 119. 5 119.1
110.7
111.1
111.7
111.2
116.3
Fuel, power, and lighting materials 9
do...
112.3
111.9
121.0
123.5
111.7
112.9
114.4
122.0
123.2
113.8
124.1
124.0
123.6 r 123. 2
Coal
do
93.2
93.2
94.9
94.3
93.8
94.9
96.6
93.8
94.9
94.3
94.3
94.9
'96.6
94.9
Electricity
__
-do .
119.9
111.1
115.4
111.3
118.4
117.5
118.4
109.4
122.3
118.4
109.7
110.3
111.1
119.9
Gas
do
118.3
118.3
117.5
120.9
117.5
118.8
118.3
118.4
118.3
131.0
130.4
129.8
130.7
124.9
Petroleum and products
-.
._ _ do
118.0
119.1
121.2
118.0
121.1
118.1
118.3
121.0
121.5
121.9
121.9 r 121. 5
119.7
121.9
Furniture, other household durables9
do
105.9
105.0
105. G
105.2
105.1
104.4
106.5
106.8
105.1
105.5
106.5
106.8 r 105. 4
106.5
Appliances, household
._
do _
118.0
121.2
121.2
117.8
119.2
119.5
122.4
118.1
120.4
122.0
122.2
120.8
122.4
122.0
Furniture, household
._
do
91.0
89.6
89.7
89.7
91.1
91.1
91.1
90.7
91.0
91.1
91.1
91.1
91.1
91.0
Radio receivers and phonographs
do
69.3
69.6
69.7
69.9
69.5
69.5
69.1
69.3
69.9
69.9
69.5
69.9
69.5
70.1
Television receivers
__ _ G.O
100.2
99.2
100.0
100.1
100.0
98.4
99.1
100.6
99.8
98.0
100.2
99.7
98.8
98.4
Hides, skins, and leather products 9
do
120.5
120.5
120.0
120.5
120.8
120.5
120.8
120.8
121.1
119.9
120.7
120.9 r 121. 5
120.8
Footwear
_
.__ __ _
- do_-_
61.2
59.0
60.4
60.4
59.0
53.8
57.8
50.1
55.8
61.9
63.3
52.1
51.0
"51.8
Hides and skins
-do
90.9
90.9
92.9
91.7
87.8
88.8
94.6
91.6
90.8
90.6
88.6
88.6
90.8
88.2
Leather
_
do -127.3
128.5
128.0
121.5
121.0
126.6
125.2
123.6
122.0
120.7
120.2
119.7
120.1
121.3
Lumber and wood products
do
130.4
122.5
129.6
125.2
123.1
121.9
121.2
130.6
128.5
127.1
123.6
121.2
120.6
122.6
jLumber
do. 136.5
136.8
143.6
144.5
135.7
136.9
137.7
143.4
141.1
143.9
144.8
145.0
139.7
145.0
Machinery and motive products 9
do
126.5
126.6
131.2
132.1
126.1
126.9
132.4
132.4
126.8
127.4
129.5
130.8
132.5
131.8
.A ericultural machinery and equip _
do
155.9
156.3
146.6
146.8
149.4
155.5
151.5
156.7
157.5
157.5
144.8
147.8
154.7
156.2
Construction machinery and equip
do —
145.4
137.0
137.6
137.4
143.2
145.2
147.1
147.5
147.8
135.6
138.0
142.0
146.0
147.8
Electrical machinery and equipment
do
129.1
129.1
134.6
129.1
129,1
129.1
134.2
134.3
134. 6
134.7
129.4
130.8
134.3
134.7
Motor vehicles
do
152.3
145.8
144.9
151.4
146.8
150.2
152.1
147.7
152.2
151.9
152.2
151.0
150.1
150.0
l^etals and metal product0 9
do
117.4
117.9
122.1
117.3
117.3
119.1
122.8
121.6
121.5
122.0
122.3
121.6
121.0
121.9
Heating equipment
do- _149.5
149.9
161.1
163.3
159.4
163.9
151.0
150.8
161.5
162.5
162.9
164.3
163. 8
161.9
Iron and steel
-do
158.0
152.5
145.4
163.2
160.0
149.6
143.2
155.4
154.1
149.7
142.5
139.9
154.8
148.7
Nonferrous metals
do
128.9
130.6
130.8
131.3
128.6
131.5
131.2
132.7
128.6
133.2 ' 134. 6 135.1
132.0
131.1
Nonmetallic minerals structural 9
do. _
146.5
150.1
150.5
146.1
149.3
150.
3
150.7
146.
0
150.1
150.8
150.6
155.0
155.0
150.1
Clay products
do
123.4
121.9
125.6
121.7
123.0
125.0
125.3
125.3
121.7
125.7 ' 126. 6 126.7
124.8
125.6
Concrete products
-do
127.1
127.1
127.1
127.1
127.1
127.1
127.1
127.1
127.1
127.1
127.1
127.1
127.1
127.1
Gypsum products
do. _
127.4
127.9
128.5
127.3
128.0
127.4
127.7
127.8
128.7 r 128. 6
127.9
128.1
128.6
128.9
Pulp, paper, and allied products
do
137.0
136.2
138.2
139.2
138.2
139.2
136.2
139.2
139.2
138.9
139.1
140.1
142.4
140.7
Paper
-_
do
143.5
142.8
143.3
143.9
146.9
147.9
144.3
145.0
145.7
145.8
145.0
144.5
146.9
144.7
Rubber and products
-do
153.4
151.8
149.3
153.4
153. 4
153.4
151.8
149.0
149.0
151.8
153.4
148.8
149.0
149.0
Tires and tubes
do
94.9
94.9
95.4
95.7
95.4
94.9
94.8
95.6
95.8
95.1
95.3
95.4
'95.3
94.8
Textile products and apparel 9
do
99.7
99.4
99.6
99.8
99.7
99.7
99.6
99.5
99.7
99.7
99.6
99.7
99.5
99.7
Apparel
do
91.9
91.1
93.1
92.7
91.9
92.3
92.7
92.3
92.8
'90.8
93.7
91.5
92.7
90.7
Cotton products
do
123.2
125.0
124.7
121.0
122.0
123.6
122.7
122.8
122.8
123.0
121.0
124.8
120.1
124.7
Silk products
do
80.4
80.2
80.3
82.1
80.3
80.3
80.5
82.0
81.7
80.4
80.9
81.5
80.6
81.8
Man-made fiber textile products
do
103.4
109.5
103.1
109.1
102.9
106.1
107.7
109.0
102.5
102.9
103.9
109.9
104.8
110.9
"Wool products
do
124.1
122.5
124.1 r 124. 5
121.6
121.6
123.1
123.5
123.6
124.0
121.7
121.7
122.8
124.5
Tobacco mfs and bottled beverages 9
do
114.6
116.2
117.2
119.0
114. 6
114.6
116.9
118.1
119.0
119.0
119.6
114.7
118.1
119.6
Beverages alcoholic
- -do
124.0
124.0
124.0
124.0
124.0
124.0
124.0
124.0
124.0
124.0
124.0
124.0
124.0
124.0
Cigarettes
do
91.1
89.2
91.2
92.4
91.4
92.1
89.9
91.7
93.2
89.4
96.1
92.9
91.3
92.0
Miscellaneous - - -do
Toys, sporting goods....
do..,115.8
115.8
115.8
115.7
116.3
116.6
116.7
116.8
116.9
117.5
117.5
117.5
117.5
117.5
' Revised.
1 Index based on 1935-39=100 is 199.5.
9 Includes data not shown separately.
cf For actual wholesale prices of individual commodities, see respective commodities.
*New series. Data prior to February 1955 will be shown
later.
0Goods to users, including raw foods and fuels.
§ Effective with the January 1955 index, cosmetics and related products were transferred from drugs, etc., to the "other chemicals"
subgroup.
SURVEY OF CURRENT BUSINESS
June 1057
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-7
1957
1956
April
May
June
July
August
Septem- October Novem- December
ber
ber
January
February
March
85.5
84.2
88.0
85.5
84.1
88.3
April
May
COMMODITY PRICES—Continued
PURCHASING POWER OF THE DOLLAR
As measured bv —
Wholesale prices _ __
Consumer prices
Retail food prices
--
1947-49=100..
do
do
88.0
87.0
91.2
87.4
86.7
90.1
87.6
86.1
88.3
87.7
85.5
87.1
87.2
85.6
88.4
86.6
85.4
88.4
88.5
85.0
88.4
86.3
84.9
88.6
86.0
84.7
88.6
85.5
84.6
88.7
85.3
83.8
i 87.9
1
^85.4
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITY 9
New construction (unadjusted), total
mil.of dol__
Private, total ...
do
Residential (nonfarm)
do
New dwelling units .
- -do
Additions and alterations
do
Nonresidential building, except farm and public
utility, total
mil. of do]
Industrial
_ _ _ _ _
_ d o _ _
Commercial
do
Farm construction
-do _ _
Public utility
.
do
Public, total
_ _ _ _ _
_ do
Nonresidential building
do
Military facilities
_ _ do
H ighway
do
Other tvpes
_ _ _ _ _ _ _ _ do
New construction (seasonally adjusted), total
do
Private, total
_
__ do
Residential (nonfarm)
_.
do
Nonresidential building, except farm and public
utility
mil. of dol
Farm construction _ _. _ __
_ . _ do _...
Public utility
do
Public, total
__
do ...
Nonrosidential building
do
Highway
_. _
._ do.. .
3,421
2, 424
1, 232
1,090
109
3,780
2, 600
1,319
1, 150
132
4, 105
2, 786
1 417
1.235
142
4,242
2, 862
1 442
1, 260
139
4,304
2,882
1 440
1, 260
139
4,264
2,843
1 415
1,240
135
4,133
2,766
1 365
1, 195
129
3,800
2,666
1 313
1,145
126
3,370
2,472
1 202
1,060
102
605
239
252
121
398
997
314
104
355
224
3,683
705
252
206
139
427
1, 180
335
115
485
245
3,744
760
203
290
150
448
1, 319
134
565
201
3, 754
787
270
300
159
462
1,380
379
135
590
276
3,727
788
276
293
161
481
1,422
392
142
605
283
3,725
788
276
288
148
480
1,421
382
144
615
280
3,701
793
274
287
122
474
1,367
373
140
575
279
3,665
794
271
288
103
445
1,134
338
118
420
258
3,699
768
270
272
90
402
898
311
108
250
229
3,729
722
269
'269
91
350
'871
'336
93
' 225
'217
' 3, 904 '
2.582
1,297
2, 608
1,306
2, 005
1, 300
2,618
1,299
2,617
1,297
2,596
1,286
2, 551
1,241
2, 551
1,239
731
127
419
1,101
314
436
745
126
423
1, 136
325
450
749
125
423
1,149
340
440
759
125
425
1,109
338
411
758
124
427
1, 108
347
399
750
123
425
1,105
348
390
752
122
423
1,114
350
390
755
121
424
1,148
357
417
4,017
2,788
1 405
995
373
' 2, 992 '
' 2, 209 '
' 1 048 r
'795
T 217
3, 265 ' 3, 639
2, 377 ' 2, 577
' 704
270
'257
96
349
'783
' 305
'82
' 195
' 201
3, 841 '
709
713
269
271
264
'263
105
119
383
430
'1,062
'888
345
'374
'84
'95
' 335
' 230
'229
'258
3, 878 ' 3, 886
747
270
287
140
478
1,229
387
105
455
282
3, 895
2 542
1,239
' 2, 721 ' 2 718 ' 2 720 ' 2 724
' 1,411 ' 1, 397 ' 1, 388 T 1, 360
2 730
1,330
748
120
423
1,187
350
455
'749
121
427
' 1, 183
'372
'441
'748
123
436
' 1, 123
'350
'406
783
127
473
1, 165
376
410
3, 045
902
2,083
2 300
892
1 407
2 161
838
1 323
3 078
1 018
2 060
2 776
880
1 896
82 207
1, 047
63 288
914
60 836
820
76 773
1 092
63 689
838
127, 284
1, 345
73, 260
817
82, 109
875
99 442
1 107
113,369
1 232
490
400
278
535
453
157
169
188
343
253
' 3, 182
'2, 311
r I
137
'885
' 214
r
I
167
r 1 300
'875
'258
940
'326
'763
124
430
' 1, 158
' 366
'434
'771
125
453
' 1, 162
'380
'414
CONTRACT AWARDS
Construction contracts in 48 States (F. W. Dodge
Corp.):f
Total valuation
mil of dol
Public ownership
do
Privn te ownership
do
Nonresidential buildings:
Floor area
thous of sq ft
Valuation
mil. of dol
Residential buildings:
Floor area
thous. of sq. ft
Valuation
mil of dol
Public works:
Valuation
mil. of dol
Utilities:
Valuation
mil. of dol
Value of contract awards, 37 States (F. R. indexes):
Total, unadjusted
1947-49=100
Residential, unadjusted
_
.do
Total, seasonally adjusted. _ _ _
Residential, seasonally adjusted
Engineering construction:
Contract awards (ENR)§
_
__ ___ do_
do
mil. of dol
Highway concrete pavement contract awards: o"
Total. _
thous. of sq. yd_.
Airports
do
Roads .. _ _ _ _ _
_
_ _ _ _ _ d o . _ _
Streets and alleys
_ ... _ _ _ do
319
370
310
340
298
297
281
269
273
262
254
251
237
224
217
190
277
315
257
286
256
269
255
205
260
264
251
250
248
230
242
197
1,869
2,120
1,622
1,835
1,828
1, 480
1,878
1,736
1,590
1,664
1,436
1,468
1,460
7, 578
337
3, 764
3,477
8, 513
1,084
3, 873
3, 557
7, 876
720
4, 346
2,810
4, 795
408
1,893
2, 494
8, 398
1,486
3,219
3, 693
5. 267
695
1.9.11
2, 661
7,302
953
3,524
2,825
5, 159
1,212
2,211
1,737
2 6, 501
405
2 3, 955
2 2, 141
7,163
1,499
3,990
1,674
7,229
1,489
4, 425
1,316
9,582
3 023
4, 660
1, 899
7,816
1, 172
3,702
2,941
1 857
NEW DWELLING UNITS
( U. S. Department of Labor)
New permanent nonfarm dwelling units started:
Unadjusted:
113.7
111.4
101.1
103.9
93.9
77.4
107.4
93.6
63.0
63.6
Total, privately and publicly owned- --thousands..
'65.8
83.0
92.0
102.0
109.9
110.8
99.0
103. 2
77.0
104.6
91.2
90.7
62.9
Privately owned, total
_ _ _
do
60.1
'63.1
75.5
89.5
96 0
76.3
75.3
54.6
68.1
63.4
72.8
60.8
70.5
In metropolitan areas
do
42.5
' 45.1
44.6
54 2
62 3
66 7
1.5
2.1
2.9
3.2
.4
' 2 7
.7
2.4
2.8
2 9
Publicly owned
do
2 5
7 5
6 0
Seasonally adjusted at annual rate:
1,157.0 1, 146. 0
1,091.0 1, 070. 0 1, 136. 0 1, 008. 0 1, 052. 0 1, 027. 0 1,020.0
975.0 ' 923. 0
940 0
990 0
Privately owned, total t
do
880 0
Building construction authorized, all permit-issuing
places:
'98.7
96.1
88.3
81.3
86.0
70.4
79.3
48.1
72 8
61.7
New dwelling units, total
thousands
' 51 6
55 7
94.7
85.8
80.5
85.4
'97.7
76.8
68.6
61.1
47.5
Privately financed, total . _
do
50.8
54 4
72 7
'86.6
84.5
76.6
71.9
75.1
67.0
59.8
52.2
39 1
Units in 1 family structures
do
41 0
43 8
60 5
2.9
3.1
2.5
2.5
2.4
2.6
2.2
2.7
Units in 2 family structures
do
1.7
25
1.9
2 8
7.8
6.4
7.1
7.8
6.4
6.1
6.6
7.3
Units in multifamilv structures
do
7.9
6.7
81
9 3
.6
1.0
1.4
.7
.6
2.5
.8
2.5
1.8
Publicly financed, total __ .__
do
'.8
.1
1.3
r
Revised.
»
Preliminary.
1
Indexes based on 1935-39=100 are as follows: Measured by—wholesale prices, 44.7 (May); consumer prices, 50.1 (April); retail food, 43.5 (April).
3
Data include some contracts awarded in prior months but not reported.
9 Revisions for January 1954-March 1955 will be shown later.
tRevised series, reflecting nationwide coverage and new techniques for compiling data on residential buildings. Figures for April-December 1956 will be available later.
§Data for May, August, and November 1956, and January and May 1957 are for 5 weeks; other months, 4 weeks,
cf Data for May, August, and October 1956 and January 1957 are for 5 weeks; other months, 4 weeks.
tRevised back"to 1946 to incorporate new seasonal factors, revisions for 1946-56 are shown on p. 20 of the March 1957 SURVEY. For seasonal factors used, see the June 1956 issue of Construction Review.
June
SURVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
1956
April
Mav
Juno | July
August
1957
Septem- October Novem- December
ber
ber
January
February
March
April i
i
May
CONSTRUCTION AND REAL ESTATE—Continued
!
CONSTRUCTION COST INDEXES
Department of Commerce composite! - 1947-49=100
Aberthaw (industrial building)
1914 = 100..
American Appraisal Co., The:
\verasre 30 cities
1913 = 100
Atlanta
. doNew York
do
San Francisco
do
St Louis
do
Associated General Contractors (all types)
do
E. H. Boecteh and Associates:!
Average, 20 cities:
Apartments, hotels, and office buildings:
Brick and concrete
U. S. avg. 1926-29=100-.
Brick and steel
do .-..
Brick and wood
. do .
Commercial and factory buildings:
Brick and concrete
do
Brick and steel
- ..
do
Brick and wood
do
Frame
_ _ ___ _ _ - _...do . .
Steel
- do
Residences:
Brick
.. . do
Frame
_ _
. _ _ . _ .- . . . . d o
Engineering News-Record :d"
Building
1947-49 = 100..
Construction
. . . do
Bu. of Public Roads— Highway construction:
Composite standard mile
1940—100
r
130
r
131
r 132
r
133
r
133
421
628
676
r
133
441
r
133
- 134
T
134
r
134
r
135
* 135
1
135 !
655 '•
712
704
610 i
644 \
473
654
589
633
452
631
676
655
596
633
456
634
679
660
596
635
461
638
692
667
596
635
467
641
695
681
,597
637
467
642
696
681
597
637
470
642
696
681
596
636
470
644
696
681
595
635
470
647
699
687
594
638
470
649
702
701
594
640
472
653
705
703
610
643
472
654 '
710
704
610
644
472 !
274. 1
270.3
273.4
276. 8
272. 5
275. 4
278 0
273.7
276. 1
279. 6
275. 3
276.7
280.2
^75 9
277. 2
280.8
276. 7
277.0
281.0
276. 9
277 0
281.4
277.3
277 3
281.9
277.7
277 4
2^2.7
278. 3
277. 9
283.1
278. 5
278.3
283.5 i
278. 8
278. 4 i
284.3 1
279. 1 j . .
278. 9
282.3
280. 0
271 5
273. 6
264. 6
285. 3
282. 2
273 8
275.4
266. 2
286. 6
283. 5
274 6
275. 9
267. 5
287. 8
286. 7
275 2
276. 0
272.8
288.2
287.3
275 9
273.2
288.9
288.6
275 9
275. 4
274.9
289 2
288 8
276 0
275. 3
275 1
289.6
289.1
276 3
275 5
276.1
290 2
289. 6
276 5
275. 5
276 4
291.3
290. 3
277 4
275 4
276. 8
291.8
291.3
278 1
275. 3
278.4
292. 4 i
291.6 1
278 2 !
275.4 ]
278. 7 '
293. 5
299. 3 .. ...
278 7
275.9 ; . . . _ .
279. 1 ]
273.8
268. 2
276. 1
269. 9
276. 8
270.4
277.2
270.6
277.8
271. 0
277.4
270.5
277 4
270. 3
277. 6
270.6
277 8
270.6
278. 3
270. 7
278. 6
270.8
279. 3
271.3
144.1
152.0
144.5
1 52. 8
144. 7
153.4
145. 3
153. 7
147.9
155. 6
147.7
155.4
148.0
155 4
147. 9
155.4
148.5
156.3
148. 6
156. 7
148. 3
156. 4
278. 7 i
270.9 i
t
148.3
156.6
135 4
140 5
148,8 [
15S. 0 •
152. 2
129. 3
164 2
138. 6
164.0
130.0
52 1
119.8
140 2
143.1
138 2
123 6
159 2
138 4
145 5
120 5
145 1
103 1
149 ft
113.8
I
i
!
:
j
135 2
r
!06 1
150 8
113.8
|
REAL ESTATE
Home mortgages insured or guaranteed byFed. Hous. Adm.: Face amount
thous. of doL. 202,141
Vet. Adm.: Face amount
do . - 492, 888
Federal Home Loan Banks, outstanding advances to
1,127
member institutions
mil. of do! _
New mortgage loans of all savings and loan associa932
tions, estimated total
..mil.ofdol
By purpose of loan:
359
Home construction
do
388
Home purchase
- - __
do...
185
All other purposes
do
New nonfarm mortgages recorded ($20,000 and under),
2, 269
estimated total
- mil.ofdoL
2, 472
Nonfarm foreclosures
number.
84, 624
Fire losses
thous of do!
209, 338
468, 766
207,111
421,178
208, 192
464, 937
237, 440
504, 725
203, 661
507, 610
229, 797
500, 930
213, 072
462, 307
174, 236
471 , 652
193, 576
555, 076
159, 145
430, 560
1,123
1,173
1,108
1,116
1,142
1, 148
1, 153
1,228
1. 038
976
161,535 i 157,423
379,822 349,651 i
961
971 |
986
976
949
1,037
850
922
784
710
714
709
842
356
434
196
349
449
178
341
439
169
358
483
197
292
397
101
323
422
176
277
360
147
250
320
140
245
326
143
243
318
149
298 •
366 :
179
2, 434
2, 559
87. 681
2,417
2, 755
74, 770
2, 374
2,548
68, 752
2, 544
2.618
74, 930
2,185
2,802
70, 118
2, 425
2 762
81,121
2, 108
2, 737
80, 481
1,951
2, 569
96, 485
1,942
1, 749
1,937
115,272
95, 569
104.565
:
899
2.044
85,994 I
ADVERTISING
Printers' Ink advertising index, seas, ad justed :J
Combined index
1947-49=100
Business papers
do
Magazines
do
Newspapers
_ _
...do. .
Outdoor..
do
Radio (network)
do
Television (network)
1950-52=100
202
201
154
204
172
34
355
202
198
156
201
166
33
371
195
194
151
183
158
34
377
208
198
159
202
152
33
413
218
196
159
206
155
40
472
203
209
153
194
161
34
400
206
206
151
210
148
34
382
204
191
164
199
154
38
377
201
203
161
185
153
33
375
207
207
164
203
167
35
373
206
213
153
210
153
39
361
203
203
156
203
156
36
373
Tide advertising index, unadjusted
1947-49=100
218.8
228. 1
200.4
158.4
175.6
198.9
235.2
225.7
175.1
169.6
190.7
215.2
Television advertising:
Cost of facilities, total
Automotive, including accessories
Drugs and toiletries
Foods, soft drinks, confectionerv
Boaps, cleansers, etc
8m ok ing materials
Ail other
„
. _
thous. of doL
do
do
do
do
do
do
38, 979
5,147
9, 403
7,840
5, 037
3,419
8, 133
40. 610
5, 425
10, 086
8, 1 55
5,125
3, 087
8,732
38, 243
4, 642
10, 094
7, 958
4, 991
3, 214
7,344
37. 748
3, 766
10, 870
7, 706
5, 507
3,118
6,780
42, 597
4, 594
9, 105
6. 849
4, 701
2, 833
14, 515
39, 006
3, 429
10. 021
8,074
5, 133
3 517
8,832
45, 467
4, 1S7
12,971
8,489
5, 421
3, 354
11,045
44, 079
4, 950
11,430
8,870
5,108
3, 408
10, 313
44, 762
4, 775
12, 424
9, 035
5, 266
3, 796
9, 466
43. 502
4.567
12, 624
9,648
5,470
3, 592
7,601
39, 385
3,732
11, 182
8.891
5, 139
3,321
7,121
43, 553
4,370
11, 984
9,295
5,583
3 789
8,532
75, 485
5, 643
7, 924
4, 559
5, 732
8, 542
3.286
72, 961
5, 510
6, 685
4, 560
6,111
7,847
3, 149
59, 946
3, 365
6 175
3, 389
5, 909
7,179
2,714
42, 386
904
4, 226
1,935
4, 868
6,893
2.568
42, 024
4,601
2, 736
1,740
4, 288
6,077
1,971
63 735
7,945
'? 478
3,945
5, 967
7,256
2,611
76 087
6,882
4 008
3,834
7, 008
10, 039
3,408
73 091
5,090
7 246
2,689
6, 712
8,205
3,985
55 814
4,222
4 196
1,124
5,064
6,711
5,283
38 354
1,997
3 747
1,198
3,521
5,978
1,478
54 612
3,445
4 509
2,350
5, 536
7,879
2,305
67 898
4,904
5 607
3,557
6,002
8,883
3, 117
5, 063
4, 405
5, 735
1,330
1,516
21,750
5, 465
4. 054
6, 627
1 , 368
1.655
19,930
4,919
2, 042
5,517
843
1, 562
16, 331
2,794
1,030
3, 665
775
1, 149
11, 578
1,522
1,646
3, 742
641
1, 178
11, 882
3, 349
2,830
5, 792
976
1,275
19,312
4,441
4, 636
6, 119
1 339
2,092
22, 281
4,421
3,527
6,101
1 187
1,733
22, 194
3,166
2,106
4,278
876
1,704
17, 083
1,142
1,164
3,729
522
1.084
12, 795
2,840
1, 556
4,480
978
1, 578
17, 156
3 976
2, 590
5 795
1 441
2' 017
20, 008
4. 025
4.768
5. 489
Magazine advertising:
Cost total
Apparel and accessories.
,
Automotive incl accessories
Building materials .
_.
Drugs and toiletries
Foods, soft drinks, confectionerv
Beer, wine, liquors
Household equipment and supplies
Household furnishings... _ _
Industrial materials
Soaps, cleansers etc
Smoking materials
All other
.
_ _
do
. . do ..
do
... do
do
. , do . .
do
do
_ _ _do___
do
do
do
do
5, 399
4, 648
3, 734
3, 496
4,278
Linage, total
_
„__
thous. of lines
3.890
4.827
5.265
5. 552
r
Revised.
t Revisions for construction cost index prior to April 1956 and for Printers' Ink index for January 1953—February 1956 will be shown later.
§ Copyrighted data; see last paragraph of headnote. p. S-l.
cf Data reported at the beginning of each month are shown here for the previous month.
f Revised series.
!
317
391 i
191
DOMESTIC TRADE
149.1
159 2
j
CONSTRUCTION MATERIALS
Output of selected construction materials, indexrf
Iron and steel products
1 947-49 ~ 100
Lumber and wood products
do
:
142 6
140 7
659
712
704
610
644
479
230.7
5. 431
- .
SURVEY OF CURRENT BUSINESS
June 1957
S-9
1956
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
May
April
June
July
August
1957
Septem- October Novem- December
ber
ber
January
February
March
April
May
DOMESTIC TRADE—Continued
ADVERTISING— Continued
Newspaper advertising:
Linaee, total (52 cities)
Classified
Display, total
Automotive
Financial
General
Retail
_
_
- _
260, 992
65 077
268, 486
66 664
239, 266
62 395
213, 961
60 525
227, 297
62 494
244 056
63 036
269 857
62 197
261, 994
54 469
243 080
50 337
210 509
55 141
207 064
53 264
249 527
62 923
245 384
59 081
195, 915
do
- do _ _ 14, 864
3 932
do
40, 980
- -- do _
do
136 140
201 822
17, 088
3 657
40 952
140 125
176 872
15, 477
3 641
34, 747
123 006
153
12
4
27
108
164 803
12, 626
2 749
26 430
122 998
181 021
10 018
3 169
34 223
133 610
207
16
4
43
143
207 525
16 424
3 330
38 510
149 262
192
8
4
27
152
155
12
5
26
110
153 800
14 365
3 215
30 009
106 212
186
14
3
36
132
186
16
4
34
130
. . thous. of lines
do
-
PERSONAL CONSUMPTION
-
436
947
652
098
740
659
878
026
420
335
743
824
198
690
031
368
555
929
355
530
603
615
824
150
015
303
663
241
802
597
EXPENDITURES
Seasonally adjusted quarterly totals at annual rales: t
Goods and services, total - - _
bil. of dol
Durable goods, total 9
_.
_ do_ _
Automobiles and parts ..__ _ _ ._
__do._
Furniture and household equipment .. _ do _ . .
Nondurable goods, total 9
Clothing and shoes
Food and alcoholic beverages..
Gasoline and oil
_
Services, total 9
Household operation
Housing
Transportation
263.7
266 8
270 9
275 0
33.4
13.8
15.2
33 0
13 7
15 0
34 8
15 3
15 0
35 9
16.3
15.0
.. _ do _
do
-do _
__ do -
132.3
21.5
79.5
8.3
134
21
80
8
0
9
5
5
134 7
22 1
81 0
86
136.4
21 6
82.5
88
do._
do
__do _
do -
98.0
15. 2
31.9
7.8
99
15
32
7
7
5
5
9
101
15
32
8
102 7
15 8
33.3
4
8
9
0
8.0
RETAIL TRADE
All retail stores:
Estimated sales (unadjusted), total©
mil. of dol. _
Durable-goods stores 9
Automotive group
Motor- vehicle, other automotive dealers
Tire, battery, accessory dealers . . . _ . _
r
14, 889
do
do
do__.
do _
r
16, 109 ' 16, 579 ' 15, 382 r 16, 187
r
15, 583
r
16, 130 r 16, 493 ' 19, 380 * 14, 740 »• 14, 058 ' 15, 788 i 16, 260 i 16, 925
5,352
3,058
2,899
159
5,798
3,238
3,056
183
6,053
3,363
3, 155
208
5,573
3 066
2,880
186
5,739
3 110
2,919
191
5,230
2 676
2,507
169
5,516
2,830
2,646
184
5,491
2 907
2 730
177
6,172
3, 122
2,901
221
4,972
2,996
2,858
139
4 914
2 948
2,809
5,546
3 317
3,154
139
163
Furniture and appliance group
Furniture, homefurnishings stores
Household-appliance, radio stores
do
do
do
787
491
296
874
553
321
921
556
364
846
516
331
900
566
334
860
518
342
956
593
363
1 003
634
369
1,194
714
480
776
478
297
754
477
277
806
517
289
Lumber building, hardware group
Lumber, building-materials dealers
Hardware stores
do
do___
do
929
701
227
1,035
769
266
1,090
814
275
1,024
774
250
1 050
800
251
1,006
761
245
1,052
794
258
917
664
254
861
547
314
659
476
183
629
455
174
758
551
208
Nondurable-goods stores 9 ©
Apparel group
Men's and boys' wear stores
Women's apparel, accessory stores
Family and other apparel stores
Shoe stores
Drug and proprietary stores
Eating and drinking places
Food group©
Grocery stores
Gasoline service stations
-
' 9, 537 r 10,311
833
963
193
160
344
388
172
199
182
157
do __
- do ...
do
do ._
do
- --do
do_ do
do
do
- do.
r
477
1,209
3, 638
3,221
1,154
r
1,514
854
95
221
346
282
General -merchandise group
do
Department stores, excl. mail -order d" - - __do
Mail-order (catalog sales)
do
Variety stores
- - do _
Other general -merchandise stores
do
Liquor stores
- do. Estimated sales (seasonally adjusted) , total © , do
446
1.134
3, 392
3, 006
1,090
1,700
932
105
274
388
313
1,414
748
90
245
330
318
T
475
1,333
3 840
3 400
1 253
465
1,240
r 3, 748
3 323
1,181
1, 663
898
120
271
374
328
1,699
945
108
275
372
324
1,808
1, 007
129
284
387
330
2,030
1, 132
166
309
423
356
3,033
1,626
189
616
601
539
15, 896
r
488
467
500
1,055
3 480
3 086
1 067
1,140
»• 3 914
3 499
1 181
1,328
720
97
1,276
672
94
1,493
811
100
198
314
301
213
296
288
240
342
325
1,096
f 3, 690
3 2S1
1,137
r
16, 212 ' 16, 340 ' 16, 295 ' 16, 356 r 16, 298
173
183
189
863
524
340
899
537
362
899
550
349
886
552
333
908
558
350
864
530
334
912
569
344
932
575
356
856
541
899
578
905
578
314
321
327
945
701
245
979
716
263
968
720
248
933
688
245
960
711
249
918
689
228
889
653
236
869
630
240
848
608
240
866
622
245
876
630
246
10 588
r 10 608
992
210
383
222
178
483
1,202
3, 672
3,260
1,135
r
10 352
957
210
366
209
172
480
1,241
••3,683
3,216
1,163
r
10 357
956
209
364
215
168
r
479
1,191
3, 694
3,272
1,150
r
10 589 T 10 508
977
1,039
223
209
411
392
213
210
192
166
487
492
1,215
1 178
' 3, 738 r 3 764
3 306
3 337
1, 164
1 165
r
10 406 r 10 547
982
1 004
214
216
388
380
208
229
172
179
r
492
1,184
3, 761
3 332
1,150
T
488
1,188
3, 778
3 351
1 179
T
10 526
991
209
396
218
169
r
497
1,194
3, 826
3 396
1,164
r
980
217
376
212
174
5 685
3 165
2,976
5 747
3 264
3,081
484
1, 182
" 3, 825
3, 392
1,213
880
154
347
181
150
147
283
146
118
5 706
3 324
3,151
10, 350
965
201
373
222
170
r
632
1,201
r 4, 052
3 572
1,182
181
310
161
133
1
*817
* 9, 144 ' 10 2421 110, 527 i 101 850
832
1, 117
694
970
5,814
3 285
3,104
181
958
718
240
467
1,200
3, 568
3,167
1,130
470
1, 158
r 3 877
3 435
1 184
9, 769
785
5 664
3 159
2,983
176
do
do _
do
r
480
1,227
3, 729
3, 305
1,180
r
5,490
3 035
2,862
173
Lumber building, hardware group
Lumber building-materials dealers
Hardware stores
r
T
11 002 >• 13, 208
1,694
1 095
421
252
654
410
387
259
232
173
5 356
2 780
2, 599
180
895
546
348
10, 104
921
198
355
199
168
15, 865
r
r
5 512
3 022
2,845
178
do
do
do ._
r
r
10, 614
1,034
216
405
236
177
5,500
2 997
2,812
184
Furniture and appliance group
Furniture homefurnishings stores
Household-appliance, radio stores
do
do
do.do
do
464
1,306
' 3, 628
3 215
1, 239
r
5,514
2 981
2, 806
174
5,396
2,961
2,785
176
Drug and proprietary stores
Eating and drinking places
Food group©
-Grocery stores
Gasoline service stations
477
1,270
3, 835
3,413
1,201
' 15, 407 r 15, 746 ' 15, 852 T 15, 871 ' 16, 101
do
do
do
do __
Nondurable-goods stores 9 ©
do
4pparel group
do Men's and boys' wear stores .
do--Women's apparel, accessory stores
_ do __
Family and other apparel stores- do
Shoe stores
-- -- -do
' 9, 809 r 10 448 r 10, 352
981
768
863
188
163
168
374
290
338
225
168
190
194
146
167
10, 526
989
227
364
203
195
r
1,703
941
113
256
392
308
5,303
2,867
2,703
164
Durable-goods stores 9
Automotive group
Motor- vehicle, other automotive dealers
Tire battery accessory dealers
T
1
6 075
i 3 494
i1 5, 733
3 347
1,219
3, 821
3 385
1 220
i 492
i 1, 123
3, 670
i 3 268
1
1. 192
i 4%
i 1, 216
i 3 972
i 3 572
1
1 255
i I, 703
1923
1 1, 708
1932
i 16, 258
1
5 606
i 3 152
1
16, 367
i 5 666
1889
r 10 613 i rio 652 i 10 701
1
956
1 008
192
384
212
168
511
492
r
1
r
1,216
3, 816
3 397
1 246
1
1
1
1
1
509
1, 186
3, 822
3 411
1, 234
1,702
1,722
1, 763
1,752
1,773
1,674
1,730
1 741 1 11 716
1,781
1,738
1 718
1 760
General-merchandise group
do
974
954
989
943
936
954
940
912
922
913
948
971
960
Department stores, excl. mail-order
do--_114
118
116
122
111
114
118
112
123
116
122
122
Mail-order (catalog sales)
do
281
295
282
256
286
294
291
292
289
289
278
302
Variety stores
-do
380
374
412
392
387
384
387
393
357
393
376
372
Other general-merchandise stores - _ _ _ d o
342
344
331
346 1
323
332
316
338
327
340
329
339
Liauor stores
do
* Revised.
i Advance estimate.
{Revised series. Estimates of personal consumption expenditures have been revised back to 1952 (see pp. 7 ff. of the July 1956 SURVEY) ; for data prior to 1952, see the 1954 NATIONAL INCOME
SUPPLEMENT.
9 Includes data not shown separately.
©Data beginning January 1951 have been revised to exclude data for milk dealers' establishments with processing on the premises (now classified as manufacturing plants); data prior to
April 1956 appear on p. 28 of this issue of the SURVEY.
cf Correction:
1951 monthly average for combined department-store and mail-order sales (old series) shown in the 1955 edition of BUSINESS STATISTICS should read $927,000,000.
SUEVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
June 195"
1956
April
May
June
July
August
1957
Septem- October Novem- December
ber
ber
January
February
March
April
May
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All retail stores — Continued
Estimated inventories:
Unadjusted total
Durable-poods stores
Nondurable-goods stores
24, 880
11, 830
13, 050
24, 450
11,490
12, 960
23, 510
10, 860
12, 650
23, 300
10, 650
12, 650
23, 540
10, 400
13, 140
23, 530
10, 030
13, 500
24, 000
9,920
14, 080
24, 750
10, 450
14, 300
22, 400
9,940
12, 460
22. 890
10, 380
12, 510
23, 650
10, 800
12, 840
' 24, 340 24, 510
11,040
11,220
' 13, 300 13,290
do
do
do
do
do
23, 880
11,100
4,380
1 990
2,340
23, 900
11,030
4,310
2,000
2,320
23, 830
10, 750
4 010
2 010
2,330
23, 800
10, 650
3,960
2,000
2,270
23, 750
10, 470
3,880
1,990
2,190
23, 430
10, 260
3,630
2,010
2,170
23, 320
10, 090
3,490
2,010
2,160
23, 490
10, 420
3,700
2,070
2,190
23, 860
10, 700
4,020
2,020
2,220
24, 010
10, 770
4,110
2,020
2,220
23, 910
10, 850
4,380
1,980
2,130
23, 700
23, 670
' 10, 670 10, 590
' 4, 350
4,290
' 1, 930 1,920
' 2, 080
2,090
do
do
do
do
12, 780
2,720
2,600
4, 140
12, 870
2,740
2,680
4,090
13, 080
2,780
2, 750
4,160
13, 150
2,810
2,760
4,180
13, 280
2,840
2,790
4,220
13, 170
2,800
2,810
4,170
13, 230
2,870
2,830
4,250
13, 070
2,760
2,800
4,250
13, 160
2.850
2,700
4,180
13, 240
2,840
2,760
4,150
13, 060
2,750
2,740
4,030
' 13, 030
2,680
'2,700
4,060
13, 080
2,720
2,730
4,030
do
' 2, 964 ' 3, 277
' 3, 434 ' 2, 994 ' 3, 311 ' 3, 284 ' 3, 402 ' 3, 669 ' 4, 641 ' 2, 917 ' 2, 797 '3,276
3,412
mil of dol
do
do
Seasonally adjusted total
Durable-goods stores 9
Automotive group
Furniture and appliance group
Lumber, building, hardware group
Nondurable-goods stores 9
Apparel group
Food group
General-merchandise group
Firms with 11 or more stores: f
Estimated sales (unadjusted) total 9
Apparel group 9
Men's and boys' wear stores
_
W^omen's apparel accessory stores
Shoe stores
Drug and proprietary stores
Eating and drinking places
Furniture, homefurnishings stores ___
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
Department stores:
Accounts receivable , end of month:cf
Charge accounts
1947-49=100
Installment accounts..__ __ do
Ratio of collections to accounts receivable:
Charge accounts
percent
Installment accounts cf
do
Sales by type of payment:
Cash sales
percent of total sales
Charge account sales
do
Installment sales-.
._
_ _ do._
.
Minneapolis
New York
Philadelphia
Richmond
St. Louis
San Francisco
Sales, seasonally adjusted, total U. S.J
Atlanta
Boston
Chicago
Cleveland.
Dallas __
_
Kansas City
_ _ _ _ _ _
Minneapolis . _ _ ._
New York
Philadelphia. .
Richmond
St. Louis
San Francisco
_ _
_
'925
'567
3, 219
'207
'18
'86
'60
'76
'66
'39
r
1, 055
'626
'232
'20
'97
'64
'247
'24
'103
'65
'382
'38
' 166
'99
'75
'73
'39
76
70
37
'78
'74
'45
'76
'68
'43
'121
'73
'49
' 1, 044
'599
' 1, 063
'634
' 1, 130
'666
'225
'20
'91
'74
' 166
12
74
54
'187
' 12
'84
'59
75
68
42
'78
'71
'40
75
71
36
' 1, 032 ' 1, 065
'614
'633
'879
'511
'111
'96
'198
'170
' 1, 206 '1,316
'75
'67
'69
'59
r
'225
16
92
71
'222
18
91
68
'118
'212
'1,414
'77
'78
' 1, 269 ' 1, 910
'727
' 1, 045
' 1, 068
'613
'215
18
90
64
80
70
40
'218
'19
'92
'64
r 77
'67
'40
' 1, 093 '1,119
'664
'644
'119
'111
'117
'219
'209
'219
' 1, 279 ' 1, 324 '1,319
'69
'69
'68
'65
'63
'67
'194
'15
'83
'57
281
21
114
92
74
65
33
'73
'63
'33
'80
'70
'36
80
69
38
'805
'477
'765
'436
'922
'547
1,064
622
'142
'212
'96
' 122
'119
'123
'85
'77
'95
'470
'238
'185
'216
'207
'206
'161
'150
'183
' 1, 257 ' 1, 368 ' 1, 311 ' 1, 316 ' 1, 439 ' 1, 472 ' 1, 364 ' 1, 295 ' 1, 493
'52
'65
'75
'80
'78
'77
'45
'45
'50
'63
'88
'67
'59
'65
'66
'50
'48
'57
' 3, 295 ' 3, 332 ' 3, 373 ' 3, 391 ' 3, 385 ' 3, 295 ' 3, 404 ' 3, 425
'219
'19
'88
'64
'77
'67
'37
'144
' 11
'61
'43
'155
13
63
47
'228
' 19
'95
'67
'79
'70
'37
'226
19
96
66
79
68
40
' 1, 116 ' 1,118
'647
'662
'221
' 18
'95
'65
'77
'71
'40
'228
'19
'96
'68
'80
'71
'37
'228
'19
'97
'67
'83
'71
'42
' 3, 371 ' 3, 360 ' 3, 416
113
223
1,367
58
66
3,427
'215
' 17
'92
'63
'84
'72
' 37
228
18
98
68
84
70
40
' 1, 046 ' 1, 085 ' 1, 067 ' 1, 068 ' 1, 046 ' 1, 099
'613
'618
'604
'644
'620
'598
1,066
615
' 122
'117
'124
'123
'113
'226
'223
'220
'227
'218
' 1, 335 ' 1, 350 ' 1, 343 ' 1, 335 ' 1, 384
'65
' 70
'68
'68
'66
'65
'64
'63
'61
'65
' 215
' 17
'90
'68
'79
'70
'42
'215
'17
'92
'65
'81
'72
'40
' 117
'121
'118
'116
'219
' 221
' 222
' 216
' 1, 409 ' 1, 400 ' 1, 405 ' 1, 399
'65
' 59
'59
'58
'65
'64
'66
'65
115
221
1,420
58
67
149
311
152
311
149
310
136
307
138
308
152
314
159
319
174
330
232
365
189
352
160
345
148
341
155
339
43
15
46
15
46
15
44
14
45
14
44
15
47
15
47
16
45
14
46
15
44
14
48
15
45
15
44
43
13
44
44
12
45
42
13
45
42
13
45
42
13
44
43
13
43
44
13
44
44
12
46
43
11
44
42
14
44
43
13
44
43
13
44
43
13
113
121
119
101
113
131
128
158
222
95
97
106
v 122
_do
do
do
do
_ do _
do
'138
106
'111
109
132
'118
143
112
119
114
143
124
131
114
121
113
130
119
128
84
97
98
129
107
140
95
113
110
138
124
152
125
132
127
139
128
150
115
123
122
142
129
182
143
159
152
166
150
267
210
215
212
252
218
116
86
91
92
111
90
122
88
93
95
113
94
137
89
105
99
'124
104
P 149
do __.
do
. do
do
do
do
109
'98
109
122
115
117
113
108
120
136
129
120
105
111
117
128
117
120
91
83
88
111
104
115
111
90
100
122
118
126
137
122
131
144
130
128
119
120
124
144
131
131
141
151
165
179
161
153
202
204
220
251
216
231
84
94
91
99
94
101
90
93
91
101
98
100
95
98
107
117
107
104
1947-49=100
Atlanta
Boston _ .
Chicago
Cleveland
Dallas _ Kansas City
7l
'65
'34
do
do
_ __do
_ .do
do
do
do
General-merchandise group 9
_ do
Department stores .
do. _
Dry-goods, other general-merchandise stores
mil. of dol
Variety stores _ _
do
Grocery stores.. __ _ _
do.__
Lumber, building-materials dealers
do
Tire, battery, accessory stores
do
Sales, unadjusted, total U. S.J
r
do
do
_do
General-merchandise group 9
do
Department stores
_ do
Dry-goods, other general-merchandise stores
mil. of doL.
Variety stores
do
Grocery stores
do
Lumber, building-materials dealers
do
Tire, battery, accessory stores
do
Estimated sales (seas adj.), total 9
'185
'15
r
74
' 57
do
__do
do
do
p 123
9 111
p
*
v
v
119
118
132
120
p
P
P
P
P
P
114
109
121
143
123
123
do
122
122
124
128
128
129
122
131
129
125
125
127
P 122
do
_ do_ _
do
do
_ do _
do
'147
111
' 118
120
144
124
146
112
120
118
145
125
147
114
124
118
143
124
160
116
123
128
152
130
156
118
126
121
148
131
157
117
127
127
139
128
144
114
117
118
134
123
157
119
130
123
146
131
154
116
128
122
150
128
151
109
120
118
140
122
153
117
121
123
141
121
149
110
126
120
143
122
P
P
P
P
P
P
112
' 106
121
131
123
131
112
110
121
135
129
122
114
115
125
134
119
126
113
116
119
140
135
132
116
117
124
145
129
131
129
120
127
140
127
131
103
112
118
136
119
130
123
120
126
146
134
132
do..
do
do _
do
do _
do _ _ _
. __
p 124
146
107
120
117
135
121
P 113
124
118
114
118
~
P jog
119
116
115
115
121
125
119
124
P 121
P 13(3
144
139
136
146
125
P 125
130
125
125
_ __ _
131
131
127
133
P 127
' Revised, p Preliminary. f Revised series; see p. 28 of this issue of the SURVEY for details. Revisions for January-March 1956 will be shown later. 9 Includes data not shown separately
cf Data revised for period beginning January 1940; not comparable with former series. Unpublished revisions for accounts receivable (prior to October 1955), and for collection ratios
(installment accounts) prior to January 1953, will be shown later.
JData for 1946-55 have been revised to reflect current seasonal patterns and to allow for changes in the samples used in computing the unadjusted indexes. Revisions beginning with 1946
for total United States appear on p. 24 of the October 1955 SUEVEY; unpublished revisions for the districts are available upon request.
SURVEY OF CURRENT BUSINESS
June
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-ll
1957
1956
April
May
June
July
August
Septem- October Novem- December
ber
ber
January
February
March
April
May
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Department stores— Continued
Stocks, total U. S., end of monthrj
Unadjusted
1947-49=100
Seasonally adjusted
_ _ _ _
do
142
136
Mail-order and store sales:
Total sales, 2 companies
thous. of dol_- 376, 929
Montgomery Ward & Co
do
96, 505
Sears, Roebuck <fe Co
.. do
280, 424
WHOLESALE TRADE
Sales, estimated (unadj.), total
mil. of dol
9,900
Durable-goods establishments
do
3, 530
Nondurable-goods establishments
_ _
do __
6,370
Inventories, estimated (unadj.), total
Durable-goods establishments
_.
Nondurable-goods establishments
do
do
do. _.
12, 620
6,780
5,840
139
134
131
137
130
138
138
141
145
139
159
142
161
142
126
142
126
141
132
139
411, 143
93, 587
317, 556
426, 197
97, 221
328, 976
355, 917
79, 888
276, 030
421, 668
94, 813
326, 855
405, 229
94, 412
310, 817
440, 456
112, 898
327, 558
482, 564
120, 131
362, 433
595, 570
150,615
444, 955
310, 275
63, 367
246, 908
i 55, 515
223, 750
10, 650
3,790
6,860
10, 500
3,790
6,710
10, 060
3,500
6,560
11, 120
3,780
7,340
10, 430
3,560
6,870
11, 690
3,950
7,740
11, 160
3,670
7,490
10, 570
3,410
7,160
10, 300
3, 320
6,980
12, 500
6,760
5,740
12, 370
6,710
5,660
12,630
6,590
6,040
12, 830
6,530
6,300
13, 110
6,600
6,510
13, 500
6,630
6,870
13, 640
6,590
7,050
13,310
6, 540
6,770
13, 180
6, 650
6, 530
144
' 141
1
70, 062
269, 815
P147
P141
1
87, 374
307, 394
9,570 " 10, 380
3,180 r 3,510
6, 870
6,390
10, 420
3, 560
6,860
13, 100
6,780
6,320
" r13, 140
6, 960
" 6, 180
12, 960
6, 950
6,010
170, 510
1
90, 288
338, 262
EMPLOYMENT AND POPULATION
POPULATION
Population, continental United States:
Total, incl. Armed Forces over seas d"
thousands.. 167, 498
EMPLOYMENT
Noninstitutional population, estimated number 14
years of age and over, total©
thousands. . 118,367
167, 715
167, 934
168, 174
168, 451
168, 737
169, 028
169, 291
169, 541
169, 800
170, 045
170, 270
118,537
118, 632
118, 762
118, 891
119, 047
119, 198
119, 344
119, 481
119, 614
119, 745
119, 899
120, 057
2
170, 737
120, 199
do
69, 434
70, 711
72, 274
72, 325
71, 787
70, 896
70, 905
70, 560
69, 855
2
do
do
do
do
_do
66, 555
63, 990
6, 387
57,603
2,564
67, 846
65, 238
7,146
58, 092
2,608
69, 430
66, 503
7,876
58, 627
2,927
69, 489
66, 655
7,700
58, 955
2,833
68, 947
66, 752
7,265
59, 487
2,195
68, 069
66, 071
7,388
58, 683
1,998
68, 082
66, 174
7,173
59, 000
1,909
67, 732
65, 269
6,192
59, 076
2,463
67, 029
64, 550
5,110
59, 440
2,479
2 65, 821 266,311
2 62, 578 2 263, 190
5, 195
2 4, 935
2 57, 643 2 57, 996
2 3, 121
2 3, 244
2
2
do
48, 933
47, 826
46, 357
46, 437
47, 105
48, 151
48, 293
48, 783
49, 626
250,973 2 50, 617
2 50, 337
Employees in nonagricultural establishments^
Total, unadjusted (U. S. Dept. of Labor)
do
Manufacturing
do
Durable-goods industries..
do
Nondurable-goods industries
do
50, 848
16, 769
9,795
6,974
51, 197
16, 715
9,747
6,968
51, 709
16, 809
9,764
7,045
50, 896
16, 291
9,277
7,014
51, 881
17, 034
9,743
7,291
52, 261
17, 121
9,788
7,333
52, 455
17, 222
9, -958
7,264
52, 484
17,151
10, 024
7,127
53, lol "351,716
17, 133 ••316,959
10. 029 r 3 9, 990
7,104 " 3 6, 969
790
109
31
223
786
108
27
224
812
111
32
226
746
85
31
183
817
109
32
228
818
112
32
231
812
111
33
232
811
110
33
232
315
111
2,853
4,121
1,196
111
783
753
43
565
315
113
3,040
4,138
1,208
110
784
755
43
567
329
115
3,257
4,181
1,223
110
791
761
43
577
333
115
3,270
4,148
1.173
109
789
778
43
585
332
116
3,353
4,178
1,185
108
800
780
43
585
327
116
3,340
4,179
1,189
108
809
773
43
580
322
115
3,301
4,177
1,189
107
821
769
43
573
323
113
3,191
4,170
1,175
107
827
771
42
573
10, 928
2,920
8,008
1,370
1,557
804
10, 985
2,920
8,065
1,395
1,567
801
11,091
2,955
8,136
1,382
1,578
801
11,015
2,974
8,041
1,340
1,575
802
11, 047
3,002
8,045
1,347
1,569
796
11, 164
3,003
8,161
1,424
1,579
789
11, 288
3,021
8,267
1,479
1, 599
787
11,496
3,047
8,449
1,604
1,622
795
2,278
5,979
486
331
165
7,130
2,289
6,041
492
335
169
7,203
2,320
6,089
521
339
173
7,150
2,342
6,137
580
342
167
6,947
2,355
6,137
583
337
162
6,960
2,321
6,105
512
334
165
7,213
2,312
6, 045
478
333
167
7,298
2,313
6,010
472
332
165
7,342
51, 327
16,918
9,799
7,119
51, 454
16, 909
9,766
7,143
51, 600
16, 877
9,752
7,125
51, 003
16, 460
9,392
7,068
51, 702
16, 890
9,784
7,106
51, 676
16, 864
9,779
7,085
51, 902
17, 026
9,919
7,107
51, 950
17, 043
9,977
7,066
52, 072 "352,493 " 52, 577 " 52, 522 " 52, 567 P 52, 569
17, 080 "317,053
" 16, 995 " 16, 962 " 16, 952 P 16, 868
9,990 " 3 10, 006 " 9, 980 " 9, 945 " 9, 920 p 9, 875
7,090 " 3 7, 047 "7,015 " 7, 017 " 7, 032 P 6, 993
798
3,003
4,128
11, 120
2,278
5,979
7,103
794
3,055
4,141
11,110
2,289
5,981
7,175
808
3,132
4,164
11,162
2,297
5,999
7,161
750
3,056
4,117
11,152
2,296
6,017
7,155
809
3,076
4,147
11,211
2,320
6,017
7,232
814
3,078
4,149
11, 164
2,321
6,015
7,271
812
3, 085
4,166
11,217
2,324
6,015
7, 257
807
3,083
4,159
11, 230
2,325
6,040
7,263
807
3,107
4, 156
11,250
2,320
6, 067
7,285
Total labor force, including Armed Forces
Civilian labor force, total
Employed .
Agricultural employment
Nonagricultural employment..
Unemployed
Not in labor force
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
Transportation and public utilities 9
do
Interstate railroads .
.__
do
Local railways and bus lines
do
Trucking and warehousing*
do
Telephone..
_ do ._
Telegraph
_ . _
_
do
Gas and electric utilities __
do_ .Wholesale and retail trade
Wholesale trade
Retail trade 9
General-merchandise stores
Food a n d liquor stores
_ _ _ _ _
Automotive and accessories dealers
do
do
do
do
do
do
Finance, insurance, and real estate
Service a n d miscellaneous 9 .. _ _ _ _ _
Hotels and lodging places
Laundries .
.
Cleaning and dyeing plants
Government
do
do
do ...
do_ _
do
do
Total, seasonally adjusted f
--- do
Manufacturing
....
do
Durable-goods industries
do
Nondurable -goods industries. _
do
Mining
_
_
._ _
Contract construction ._
__
Transportation and public utilities. __
Wholesale and retail trade
Finance, insurance, and real estate
Service and miscellaneous
Government
_. _ _
do
do___
- do
do
do
do
_ do.. _
811
110
34
233
68, 638
2 69, 128
2 69, 562
69, 771
2 70, 714
2
2
66, 746 2 66, 951
63, 865 2 64, 261
2 5, 434 2 5, 755
2 58, 431 2 258, 506
2,690
2 2, 882
67, 893
65, 178
2
6, 659
2
58, 519
2 2, 715
2 50, 286
2 49, 485
" 51, 704 " 51, 894 " 52, 242 v 52, 354
" 16, 945 " 16, 933 " 16, 807 v 16, 685
" 9, 992 " 9, 976 " 9, 917 p 9, 856
" 6, 953 " 6, 957 " 6, 890 p 6, 829
'3832
"3HO
"833
"110
"831
"110
"833
"111
"830
P108
"3242
"243
"240
"240
P239
" 110
" 2, 673
" 4, 120
" 112
" 2, 756
" 4, 147
" 115
" 2, 916
" 4, 158
p 117
P 3, 066
* 4, 161
323
"3 112
110
3,029 "r 33 2, 667
4, 126
4,180
1,173
107
830
770
42
572
12, 092 r 3 11, 298 " 11, 225 " 11, 265 " 11, 424 p 11, 415
3, 075 " 3 3, 106 " 3, 114 "3,117
"3,113 »3, 112
9,017 " 3 8, 192 " 8, 111 " 8, 148 "8,311 p 8, 303
1,975 " 3 1, 388 " 1, 333 " 1, 343 " 1, 399 v 1, 393
1,649 f 3 1, 575
" 1, 587 " 1, 591 " 1, 600 P 1, 593
806
"796
"793
"3794
"797
?797
2, 308 " 3 2, 293
5,976 " 3 6, 239
466
330
164
7,602 " 3 7, 302
" 2, 301
" 6, 273
2,310
" 6, 317
" 2, 319
" 6, 435
p 2, 333
p 6, 497
" 7, 334
" 7, 335
" 7, 350
P 7, 367
"833
"3832
" 3 2. 963 " 3, 020
" 3 4, 188 " 4, 168
"311,465 "11,519
" 3 2, 316 r 2, 324
" 3 6, 366 " 6, 401
r3
7, 310
" 7, 317
"831
" 3, 062
" 4, 168
"11,490
2,322
" 6, 381
" 7, 306
"841
^838
" 3, 069 P 3, 081
"4,165 P 4, 164
" 11, 497 p 11, 546
" 2, 319 p 2, 333
" 6, 403 p 6, 401
" 7, 321 p 7, 338
Production workers in manufacturing industries:
13, 114
13, 036
12, 514
Total (U S Dept of Labor) f
thousands
13, 245
13, 078
13, 335
13,312 313,150 " 13, 114 " 13, 085 " 12, 956 p 12, 831
13, 439
13, 353
7,613
7,674
7,541
7,081
7,602
Durable-goods industries.
. _ _ _ _ _ _ do. _ .
7, 791 r 3 7, 740
7,583
7,802
7, 751
" 7, 721 " 7, 693 " 7, 625 p 7, 564
83
84
82
83
Ordnance and accessories
do
83
80
p 7S
r 7R
79 1
79
381
82
82
82
2
" Revised.
* Preliminary.
1 Net sales; not comparable with data through January 1957,
which
are
gross.
Comparable
figure
for
May
1956
is
$84,761,000.
gee note marked "©"
1
for this page.
3 See note marked "f" for this page.
J See corresponding note on p. S-10.
d Revised estimates for February 1953-December 1955 are available upon request.
$> Include s
data for industries not shown.
® Data beginning May 1956 are derived from an expanded sample of about 35,000 households in 330 areas. Data through April 1956 from the previous sample can be used as a continuous
series with the estimates beginning May 1956 but some allowance should be made for the sample expansion in interpreting April-to-May net changes. Figures for May 1956 based on former
sample, in order as shown above (thous.): 118,537; 70,604; 67,739; 65,159; 7,160; 57,999; 2,580; 47,933. The estimates beginning January 1957 reflect certain changes in definitions for employment
and unemployment as follows: Two small groups of persons formerly classified as employed are now classified as unemployed (except for the subgroup "in school and waiting to start new jobs"
which is now counted as not in the labor force). Estimates for April 1957 on the old basis, comparable with data shown through 1956, in order as shown above (thous.): 120,199; 70,777; 67,956;
65,467; 6,663; 58,804; 2,489; 49,422. Data on the old basis for earlier months of 1957 are shown in previous issues of the SURVEY.
t Data shown beginning January 1957 for employment, hours, and earnings have been adjusted to the 1st quarter 1956 benchmark and are not comparable with figures shown through
December 1956; revised data for earlier months and for separate industries will be published in the July 1957 SURVEY.
*New series. Figures relate to establishments primarily engaged in local or long-distance trucking, transfer, and draying services or in the storage of farm products and other goods.
SURVEY OF CURRENT BUSINESS
S-12
June 1957
1956
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
April
May
June
July
August
1957
Septem- October Novem- December
ber
ber
January
February
March
Aim!
May
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Production workers in mfg. industries— Continuedf
Total (U. S. Dept. of Labor)— Continued
Durable-goods industries — Continued
Lumber and wood products (except furniture)
thousands. _
Sawmills and planing mills
do
Furniture and fixtures. __ _ _ _
_ do
Stone clay, and glass products
do
Primary metal industries 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 equipment)
thousands, .
Machinery (except electrical)
- - do
Electrical machinery
do
Transportation equipment 9
__. do
Automobiles
do
1
9h'r> n 1 boat building and renairs
do
"R'l
1
'
pnt
do
Instruments and related products.
do. _
Miscellaneous mfg. industries
- _ _ _ d o ...
Nondurable-goods industries
Food and kindred products 9
M^eat products
do
do
do
Cirmine 1 nnd nro^ervine1
"R k
nrl t
Beverages
do
do
do
688
366
634
339
607
327
1,132
1,132
1, 133
572
569
567
565
59
58
59
59
864
1,257
885
1,262
911
1, 264
911
1,273
1, 235
1,205
1,319
1,402
700
368
681
359
1,118
304
473
743
1,091
1,126
557
564
211
552
55
56
57
54
895
1,292
881
1,281
870
1,278
825
1,254
1, 332
1,295
1,269
1,250
642
350
667
359
1,136
1,117
568
55
315
478
874
655
512
110
48
231
394
311
480
872
613
513
113
48
231
395
696
369
311
484
866
574
523
116
47
231
395
854
561
523
114
44
229
381
316
482
878
541
535
107
43
233
404
321
478
891
504
545
107
41
235
415
664
351
322
484
914
604
554
109
43
237
424
318
479
918
669
569
114
42
237
415
318
473
' i 594
* 589
' i 312
'1453
••313
'449
' 1,124
' 1 1, 133
' 593
'312
'451
' 1, 112
'611
* 627
'311
'456
' 1, 099
p308
p 456
* 1,090
'902
' i 904
*>876
'898
'889
909
1,289 ' i 1, 287 ' 1, 294 ' 1, 291 ' 1, 277 p 1, 251
' i 884
'877
'869
'853
p850
907
1,439 ' 1 1, 481 ' 1, 482 ' 1, 474 ' 1, 436 v 1, 418
6S9
57S
119
46
236
399
' 1 231
'1379
'230
'381
'231
'382
'231
'385
p227
p383
5, 521 ' i 5, 410 ' 5, 393 ' 5, 392 ' 5, 331 p5,267
'989
'987
'989 TP 1, 006
1,082 ' i 1,015
5,440
1,023
256
74
147
170
117
5,423
1, 051
258
77
159
172
120
5,476
1,104
262
81
188
175
129
5,433
1.158
265
83
238
174
132
5,704
1,276
268
81
353
175
127
5,752
1,312
269
77
390
174
125
5,688
1,226
274
73
288
176
123
5, 551
1, 131
278
71
196
175
123
27^
70
161
173
117
98
942
421
19S
'84
r 77
' 929
'74
p73
'920
p910
' 1, 095 ' 1, 098
'466
'467
' 1, 068
'467
v 1,018
*463
'560
'552
p 560
p544
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
79
971
436
200
80
963
432
202
80
960
432
204
77
922
414
198
103
950
426
206
113
949
423
205
110
952
423
207
101
949
422
204
1,068
460
1,049
462
1,049
466
1,020
461
1,082
469
1,079
470
1,091
468
1,088
467
235
289
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
220
172
130
216
92
325
214
219
175
132
209
90
334
219
213
170
134
208
90
330
216
217
178
135
211
90
338
219
215
176
133
215
92
329
212
564
554
214
175
132
220
92
328
210
564
550
566
552
221
171
130
219
92
332
218
214
175
133
199
75
327
211
Production workers in manufacturing industries,
seasonally adjusted:
Totalf
- thousands "Durable-goods industries
do
Nondurable-goods industries
- - do
13, 251
7, 675
5, 576
13, 224
7,633
5, 591
13,149
7, 592
5, 557
12,693
7,197
5,496
13,115
7,583
5,532
13, 080
7, 571
5, 509
13,248
7,714
5,534
13, 244
7, 752
5,492
Production workers in manufacturing industries:
Indexes of employment :t
Unadjusted
1947-49=100
Seasonally adjusted
- - -do. _-
106.0
107.1
105. 4
106.9
105. 7
106.3
101.2
102.6
107.1
106.0
107.8
105.7
108.7
107.1
108.0
107.1
107.6
107.2
2,150.0
207. 6
2, 166. 6
211.7
2, 182. 0
212.8
2, 181. 1
211.9
2, 169. 1
209.2
2, 175. 9
210 1
2, 174. 7
210 4
22,456.2
2 218. 5
2, 170. 1
211.4
2, 173. 3
211.6
1,097
1,110
1,058
1,071
1,075
1.075
1,062
1,054
1,029
1,020
1,021
1,025
p 1,038
82.4
81.3
83.4
81.6
80.0
78.3
80.4
79.0
80.7
80.5
80.7
82.3
79.7
81.5
78.8
80.5
77.1
76.5
76.5
76.6
76.6
77.2
p 76.9
P78.0
P77.9
P76.8
157.3
158.2
151.0
161.4
165.8
168.7
167.7
232
234
547
569
547
559
Miscellaneous employment data:
Federal civilian employees (executive branch):
2, 142. 1
United States continental
thousands
207.8
\Vashington D C metropolitan area
do
Railway employees (class I railways):
1,083
Total ___
.
- ._ .. . thousands. Indexes:
81.3
Unadjusted
1947-49=100-82.4
Seasonally adjusted.
- ..do
238
549
552
236
544
544
239
550
549
238
557
553
236
' i 88
' i 935
1, OSS ' i 1, 076
470
'1468
215
173
132
222
93
329
215
'933
i 557
' i 549
' 555
' 548
'559
'550
r 1 172
'173
'173
172
pl73
' i 216
'213
'211
'195
p201
'1336
'340
'341
'334
p321
13, 262 ' i 13, 238 ' 13, 156
' 13, 109 ' 13, 090 p 13,011
7,754 ' i 7, 753 ' 7, 706 ' 7, 662 ' 7, 628 p7, 584
p 5, 427
5, 503 ' i 5, 485 ' 5, 450 ' 5, 447 P 5, 462
r
i 106. 3
' i 107. 0
' 106. 0 ' 105. 8 ' 104. 7 p 103. 7
' 106. 4 ' 106. 0 ' 105. 8 p 105. 2
2,176.4 *2, 178. 6
212.0 v 212.0
PAYROLLS
Manufacturing production-worker payroll index, unadjusted (U. S. Dept. of Labor) f 1947-49=100
158.2
170.9 ' i 165. 5
' 165. 0
' 164. 3
' 162. 2 p 160. 2
LABOR CONDITIONS
Average weekly hours per worker (U. S. Dept. of
Labor):f
40.2
40.2
41.0
140.2
40.3
40. 1
40.3
40.1
40.1
40.5
40.7
'39.8
p 39.7
All manufacturing industries
hours. .
40.7
2.6
2.7
3. 1
3.0
3.1
2.7
2.6
2.7
3.1
\verage overtime*
. _
do 40.8
40.8
41.9
i 40.9
41.2
41.4
40.8
40.7
41.1
40.9
?40. 2
41.4
'40.8
Durable-goods industries
.
do -~
' 40.5
2.8
2.9
3.5
3.3
3.3
2.9
2.8
2.9
33
Average overtime*
do
41.8
42.6
42.1
41.6
42.0
41.2
41.7
41.8
41.6
'41.3
142.0
42.0
p40. 7
Ordnance and accessories _ - _ _ . _
. do _
42.3
Lumber and wood products (except furniture)
40.5
39.8
40.9
40.1
'39.6
i 39.1
40.0
41.4
40.3
39.9
'39.7
39.8
P39. 9
40.8
hours. 40.7
39.4
40.5
40.0
39.9
41.2
40.3
41.1
40 5
Sawmills and planing mills
do
39.9
40.3
40.2
40.2
41.4
41.3
41.1
40.2
'40.2
i 39.8
40.6
'39.7
41.6
Furniture and
fixtures
do _.
p 38.8
41.5
41.4
41.2
41.1
41.1
41.1
'40.4
i 40.3
41.3
40.6
40. 7
p40. 4
41.0
41.3
Stone, clay, and glass products ...
do...
40.9
41.0
41.2
41.2
41.2
40.3
40.3
40. 1
'39 7
i 41.0
40.6
39.7
Primary metal industries 9
- do .
P 39.8
40.8
Blast furnaces, steel works, and rolling mills
40.6
40.7
40.4
41.2
38.9
40.9
40.3
38.7
hours. .
40.5
Primary smelting and refining of nonferrous
41.3
40.9
41.3
41.6
41.1
41.6
40.8
41.7
metals
. .
-hours
41.3
Fabricated metal prod, (except ordnance, ma40.8
41.1
41.0
42.1
41.4
41.7
i 40.8
41.9
40.7
40.8
chinery, transportation equipment)
hours. .
41.0
'41.0
40.8
P40.6
42.2
42.2
42.5
42.1
41.7
41.7
42.0
42.6 '141.9
41.8
Machinery (exceut electrical)
do
41.8
41.9
' 41.4
P41.1
l
2
' Revised.
p Preliminary.
See note marked "f on p. S-ll.
Includes Post Office employees hired for Christmas season; there were about 284,000 such employees in continental
U. S. in December 1956.
tSee note marked "f" on p. S-ll.
9 Includes data for industries not shown.
*New series. Overtime hours (in excess of hours for either the straight-time workday or workweek) for which premiums were paid. Weekend and holiday hours are included only if premium wage rates were paid; hours for which only shift differential, hazard, incentive, or other types of premiums were paid are excluded. Data prior to January 1956 are not available.
SURVEY OF CURRENT BUSINESS
Juno 11)57
S-13
1957
1956
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
April
May
July
June
DecemAugust SeptemOctober November
ber
ber
January
February
March
40.6
41. 5
40.5
Ml. 1
41.0
40 3
40.7
40 6
39.3
40 1
38 5
39 2
r
April
May
EMPLOYMENT AND POPULATION—Continued
LABOR CONDITIONS— Continued
Average weekly hours per worker, etc.— Continued f
All manufacturing industries— Continued
Durable-goods industries— Continued
Electrical machinery
_
hours
Transportation equipment 9
-do . .
Automobiles _
do
Aircraft and parts
_ _ do ..
Ship and boat building and repairs
do
Railroad equipment
_
_ _ d o __
Instruments and related products _
do
Miscellaneous mfg. industries
do ..
Nondurable-goods industries
A verage overtime*
Food and kindred products 9
Meat products
Dairy products
Canning and preserving
Bakery products
Beverages.
Tobacco manufactures
Textile-mill products 9 _
Broad-woven fabric mills
Knitting mills
_
do ._.
do
do _.
do
do _.
do
do
do
do
. _ do .
do
do
Apparel and other finished textile products
hours. .
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
Non manufacturing industries:
Mining:
Metal
.
do
Anthracite
do ._
Bituminous coal ._
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production hours
Nonmetallic mining and quarrying . _ . _ _ do
Contract construction
do
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
hours..
General-merchandise stores. _
do
Food and liquor stores.. ._ _ _
do
Automotive and accessories dealers
do
Service and miscellaneous:
Hotels, year-round _ _ _ _ _ _ .
do
Laundries
do
Cleaning and dyeing plants
do _ _ .
Industrial disputes (strikes and lock-outs):
Beginning in month:
Work stoppages
number
Workers involved
thousands
In effect during month:
Work stoppages
number
Workers involved
_.
thousands
M an -da vs idle during month
.do_._
41.0
40.6
39.9
41.7
39.8
40.8
41.1
40.5
40 7
39 6
37 6
41 8
40 3
40 4
40.8
40 2
40
39
38
41
40
40
40
40
6
9
3
7
1
2
6
1
40.1
40.8
39.9
41.9
40.0
41.0
40.5
39.6
40. 5
40.8
39.7
42.2
39.9
38.5
40.7
40. 2
41.1
41.3
40 6
42.3
39.8
40.7
41.0
40.3
41.2
41.8
41 8
42.3
39.7
40.5
41.0
40.7
41 0
42.2
42 8
42.4
38 9
39.5
40.8
40.3
41.2
43.6
45.2
42.8
40.3
40.7
41.0
40.6
39.2
2.4
40.2
40.3
42.3
37.3
40.3
40.0
39 1
2 3
40 6
40 8
42 8
38.4
40.7
40.2
39 2
2 4
41 2
41 8
43 6
39 0
40.9
40 8
39.4
2.5
41.2
41. 5
43.4
39.7
41.0
41.3
39.6
2.5
41.4
41.0
42.7
42.0
40.5
40.8
39.8
28
42.2
42 8
42.9
42.9
40.9
39.9
39.8
2 7
41.3
41 8
42.5
41.0
40.6
39.7
39.6
2 7
41.3
43 4
42.5
37.2
40.5
39.8
39.8
2.6
41.0
41 8
42.1
38.1
40.4
40.0
37.9
39.3
40.2
36. 7
38 8
38 9
39.7
37.2
39
38
39
37
2
7
1
5
38.8
38.7
38.9
37.4
39.1
39.2
39.3
38.0
40.9
39.3
39.5
37.8
39.6
40.0
40.6
38.4
38 8
40.2
40.7
38.3
39 8
40.2
40.9
37.7
36.2
42.8
44.2
35.7
42 4
43.9
35.5
42 7
44.2
35.8
43 0
44.6
36.5
42 6
43.9
36.0
43.0
44.1
36.4
42 9
44.0
36.1
42 8
43.8
36.3
43 0
44.2
38.8
41.2
40.8
41.2
41.3
39.9
39.2
36.6
36.0
38.7
41 3
40.9
40.7
40.5
39 9
39.7
36.5
35.8
38.6
41 3
41.3
41.1
40.7
39 5
39.3
37.3
36.7
38.6
41 1
41.0
41.8
41.5
39 7
39.1
38.0
37.9
38.8
40 9
40.7
40.9
40.5
40 2
40.0
37.6
37.1
39.0
41.4
41.1
41.7
41.4
40.5
40.2
36.9
36.0
39.1
41 3
41.0
40.8
40.5
40.8
40.1
36.9
35.9
38.6
41 4
41.1
40.9
40.9
40 5
40.6
36.9
36.1
39.1
41 6
41.3
41.0
41.1
41 4
41.7
37.7
37.2
42.4
30.9
37.8
43.2
29.2
38.0
42 7
33.7
38.1
42.3
35.6
36.1
40.1
33.3
37.0
42.6
33.8
37.9
41.8
35.4
37.8
41.3
33.9
36.2
42.7
36.3
38.7
41.3
44.4
36.5
39.2
36.0
40.3
45.1
37.2
40.7
36.5
40.0
45.9
38.1
42.3
37.2
41.9
45.6
37. 9
42.4
37.0
40.6
45.2
38.1
42.4
37.2
42.4
45.8
38.4
42.8
37.4
40.6
45.6
38.3
42.4
37.4
40.6
44.5
36.4
39.7
35.7
41.5'
43.6
36.7
39.2
36.2
42.7
39.1
42.0
41.3
43.5
39.0
42.6
41.1
43.8
39.3
42.3
41.3
43.3
39.9
42.2
41.4
43.3
39.4
42.5
41.2
43.0
39.9
42.0
41.4
43.2
39.8
42.0
41.0
43.2
41.0
41.6
41.5
43.4
39.3
41.6
41.2
40.2
40.3
40.3
40.5
40.3
40.6
40.5
40.4
40.7
38.4
34.6
37.2
43.8
38.3
34.4
37.2
43.6
38.7
35.0
38.1
43.7
39.1
35.5
38.6
43.9
39.1
35.6
38.3
43.7
38 5
34.9
37.6
43.6
38.2
34.6
37.2
43.8
38.0
34.1
37.1
43.7
38.6
36.2
37.0
43.8
41.3
40.5
39.9
40.8
40.9
41.2
40.8
40.9
40.7
41.0
40.4
39.6
40.8
39.9
38.1
40.6
40.2
39.8
40.7
40.2
39.7
40.6
39.9
39.5
40.7
40.1
39.1
382
141
478
202
372
115
377
591
398
137
336
156
332
133
242
158
516
199
1,540
648
287
2,910
576
230
2,010
570
669
12,500
625
699
2, 960
541
209
1,630
524
178
1,180
567
558
519
577
591
993
1, 255
863
1,178
1 119
1,209
837
1,059
1,064
125, 786
1,072
116, 040
976
111, 708
20
35
44
4,694
29
37
46
4,452
127
41
48
4,970
U. R. Employment Service placement activities:
504
Nonagricultural placements __
... thousands
Unemployment compensation, State and UCFE programs (Bureau
of
Employment
Security)
:
984
Initial claimsd1
thousands
1,359
Insured unemployment, weekly averaged"
do
Benefit payments:
1
1,219
Beneficiaries, weekly averaged
do
133, 926
Amount of pavmentscf _
_ thous. ofdol
Veterans' unemployment allowances:
20
In itial claims§
thousands _ _
44
Insured unemployment, weekly average
do
59
Beneficiaries, weekly average
do
5,722
Amount of payments
thous. of dol..
2
2
40. 4
41.7
r
2
40.7
2
40 0
r
2 39. 1
'
2
40 2
2
38 8
39 1
2
2
r
r
40 2
40. 7
p 40. 2
P40. 0
'40 7
r
40 0
*40. 2
p39 8
'39 1
' 38 8
v 38. 8
'39 8
40 0
P 40 4
37 9
38 9
r 36 9
38 6
P 39 3
p 38 4
r
T
r 2 4? 3
35. 9
36.5
r 42 3
'36.5
42 3
' 35. 7
f 42 1
p 35. 8
p 41 9
238.3
'38.5
r 41 2
'38.8
r
41 2
T
38.5
41 2
P 38. 5
p 41 2
241.1
40.8
'40.7
'41.4
P 40. 4
r 2 40 9
40 9
r 4Q 4
r 4Q Q
P 39 9
38.0
38.3
38.6
'36.8
P 35. 9
114
29
225
60
225
60
250
80
•p 4QQ
•P 150
403
204
1,460
240
53
472
3°5
80
550
350
130
825
375
120
775
•p 525
v iQo
f> 1 380
599
474
410
433
387
425
480
761
988
834
878
973
1,013
1 229
1,285
1 565
1,737
1 002
1,730
897
1,592
932
112, 207
889
94, 919
752
91,476
796
91, 700
941
104 245
1 453
177 598
1 530
164 860
1 500
168 841
1 311
154 329
127
42
52
5,630
U8
33
48
4,499
i 18
24
30
3, 258
121
28
31
3,168
123
35
40
3,883
131
45
53
5,572
123
49
62
5,594
121
47
62
5,886
U8
39
51
5, 155
r 2 41 3
2
1 099
1,475 "
Labor turnover in manufacturing establishments:
4.1
3.4
3.3
4.2
3.8
3.3
4.2
Accession rate~-__ .monthly rate per 100 employees. _
3.0
2.3
3.2
2.8
2.8
"2.8
4.4
3.2
3.4
3o
3.9
3.4
3.7
Separation rate, total.
. .
do
3.5
3.3
28
33
v3 2
33
3
3
2
2
2
2
.3
.2
.3
.3
.3
.3
Discharge
do
p 2
r I 4
1.4
1.2
Lav-off.
_
do
1.4
1.2
1.3
14
1.6
1.5
1.3
14
15
v 15
2.2
1.5
P13
2 6
1.6
1.5
Quit.
do
17
1.6
13
10
13
12
13
o
.2
9
.2
.2
.2
.2
.2
.2
.2
3
.2
v'_2
M ilitarv and miscellaneous
-do
2
'Revised.
»> Preliminary.
1 See note marked "§".
See note marked "f" on p. S-ll.
t See note marked "t" on p. S-ll.
9 Includes data for industries not shown.
*Ncw series. See note on p. S-12.
cf Data for the UCFE program are included in initial claims, beneficiaries, and benefit payments effective January 1955 and in insured unemployment effective March 1955.
§ Beginning July 1956, figures include transitional claims which are excluded from earlier data. In June 1956, the number of transitional claims totaled 267.
1,350
1.1
SUEVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
June 1057
1957
1956
April
May
June
July
DecemOctober NovemAugust September
ber
ber
January
February
March
i 82 41
i 89. 16
i 95. 76
82 41
88. 75
96.18
82.21
r 88. 94
April
May
EMPLOYMENT AND POPULATION—Continued
WAGES
Average weekly gross earnings (U. S. Department of
Labor) :f
\11 manufacturing industries
dollars
Durable-goods industries _ _ _ _ _ _ _ . -do
Ordnance and accessories
do
Lumber and wood products (except furniture)
dollars. _
Sawmills a n d planing mills _ _ _ _ _ _ d o
Furniture and
fixtures
do
Stone, clay, and glass products
do
78 99
85. 49
90.29
79 00
84.86
90 71
85.27
70.22
70.80
67. 13
79.32
71.38
73.26
66 63
80.51
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, and trans, equip.)
dollars. _
Machinery (except electrical) _ _ _ _ .. do
Electrical machinery
do
96.00
95.53
83.84
92. 65
80.36
Transportation equipment 9
do
Automobiles
do
\ircraft and parts
do
Ship and boat building and repairs ___ _do
Railroad equipment
_
do
91.76
90.97
93. 83
87.16
95.88
Instruments and related products _
Miscellaneous mfg. industries
do
do
81.38
70.47
81.19
do
do
do
do
do
do
do
70.17
74. 37
83. 42
73.18
59. 68
71.73
84.40
70.38
56. 47
56.20
55 07
52 11
58 20
51.77
81.32
88.40
Nondurable-goods industries
Food and kindred products 9
M"eat products
Dairy products
Canning and preserving
Bakery products
Beverages
Tobacco manufactures
do
Textile-mill products 9
- •
- do
Broad-woven fabric mills
do
Knitting mills
do
Apparel and other finished textile products
dollars. Paper and allied products
do
Pulp paper and paperboard mills
do
Printing, publishing, and allied industries
dollars- Chemicals and allied products
do
Industrial organic chemicals
do
Products of petroleum and coal
do
Rubber products
Tires and inner tubes
Leather and leather products
Footwear (except rubber)
do
do
do
do
-
Nonmanufacturing industries:
Mining:
Metal
\nthracite
do
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
V
f- IT
c
' '
g
H
'
qu rryi g
NonhTiilrh'nfr ron trnrtion
B 'IrT
t
f
ClOlldrS--
dn
~d
Transportation and public utilities:
Telephone
do
Cas n,nd elppfrir ntilifips
do
Wholesale and retail trade:
\Vholesale trade
do
Retail trade (except eating and drinking places) 9
dollars
Qeneral-merchandise stores
do
Food and liquor stores
do
Automotive and accessories dealers
do
82 21
89.01
95.18
80.36
69.87
80.95
74.44
74.52
70.62
80.97
73. 03
73.71
71.55
81.77
91.48
93.69
100. 12
107. 53
79 00
91 52
91.74
73. 71
75. 62
67 70
72.54
73.75
80.73
95.71
84.25
67.13
79 79
85.68
90.64
74.93
75. 81
81 40
82 42
88.99
94.50
71.20
71.82
69.43
84 05
91.34
96.70
69. 65
69.74
71. 62
81.79
82.40
98.74
99.06
100. 94
104. 90
105. 18
107. 16
99.79
100. 69
100. 94
96.47
97.14
89.86
89.62
90. 45
93.41
91.39
94.85
93.75
93. 30
93. 25
83.23
92.00
80.18
84.46
83.64
91. 98
79 98
91.74
84.25
92.16
87.99
94.95
83.02
89.25
94.73
83.64
88.18
94. 05
83. 64
90.52
96.70
84.46
89.89
or, ITO
91.37
88 47
94 66
93.84
92.97
94. 25
97.88
99.47
99.48
100. 86
106. 14
105. 95
94 47
88.26
94.54
69.95
75. 11
84 46
73 62
60 67
73 26
84 82
79.40
80.60
95. 95
93.30
97.06
98.65
f
i 86. 90
i 95. 11
i 82 82
«• 87. 33
95. 11
83. 23
r 87. 74
r
r
r
f
r
T
98. 36
80.79
83.64
70.53
83.64
72.04
83.64
71.33
84.46 r i 84. 66
72.67 i 72. 40
72.44
76.80
89.45
75.93
67.35
74.85
72.83
73.26
78.88
74. 03 ' i 72. 73 73.10
78. 72 T i 77. 18 r 77. 39
91. 96
58.03
74.93
86.37
61.72
55.87
58. 51
69 77
68.90
70 95
71.71
76.22
69.95
71.68
76.22
86.32
75.95
84. 46
89.62
73.71
88.13
55. 13
75.35
53.58
53.68
50.69
80.98
51.12
82 41
90 61
51.91
53.29
83.92
52.92
93.51
85. 28
90 98
93. 65
93. 80
87.14
93 34
104. 65
110 27
85.79
98 00
54.90
52 20
102. 97
107 73
86.18
99 65
51 91
98 25
55. 95
53 22
96 67
80 34
105 46
98 50
70 66
106 02
97 3ft
88 63
107 82
103
83
98
94
99
25
92
19
86
00
99
85
100
99
100
94
69
44
31
74
99
88
103
104
103
60
59
25
90
42
106
88
103
105
103
83
72
79
90
27
34
38
45
84
72
80
90
83
15
94
42
85
73
85
91
85
10
87
69
85
74
85
92
104. 81
108 67
84.93
61.54
74.21
52.73
84.28
93.21
93.80
87.54
93 07
107. 01
111 22
86.15
98 14
57.00
54.96
74.30
65.52
54 23
85. 39
56. 03
56.99
54 51
76.41
88.20
74.80
65. 60
74.30
84.96
54.25
59.20
58 46
54.91
53.07
84.74
92.86
84.71
92.19
93.05
94.28
95.94
95.80
87.97
103. 89
107 73
87.64
101 20
56.40
88.18
94 12
108. 00
111 78
89.51
102 51
55.72
93 48
104. 45
108 14
90.17
102 66
56.09
105. 11
109 20
88.29
103 53
56.09
60.30
59. 31
109 74
93.15
109 25
50
22
28
84
46
104
85
103
99
104
58
46
86
96
62
14
21
26
74
85
74
85
92
54
03
26
66
85 97
84 03
94 21
77.08
86
75
84
93
80
46
03
94
107
89
106
108
106
73
21
24
32
85
72
86
91
30
89
28
88
85
74
85
92
81 00
81 41
82 22
81 41
82 82
82 62
82 82
83 84
59 90
42.90
62.50
81.03
59
42
62
81
61
44
64
83
62 17
61 78
44 50
61 22
43 97
82 16
81 97
60 74
43 60
63.61
81 03
60 42
42 63
63.81
81 72
63.27
15
10
39
03
44.73
65.62
83.41
64.73
64.30
59 83
43 80
81 91
61 53
62.11
61.79
61.93
62.55
62.35
62.86
42.43
42.23
42.43
42.22
42.74
42.63
49.90
48.39
50.94
43.14
42 91
42 95
51.69
42 42
41 90
42 61
42 61
50.82
42 29
50.56
r 1 89. 21
n 91.21
57.30 r 1 57. 76
101
87
102
100
102
28
69
78
42
53
i 57. 81
i 58. 65
105.37 i 106. 45
09
83
86
12
59
100
87
104
106
104
94.87
85. 69
72.94
' 85. 47
»" 73. 49
r
r
73. 12
r 76. 81
' 72. 56 p 72. 94
r
p 78. 38
77. 20
r
r
' 57. 20 p 62. 09
r
* 57. 60
57. 90
r
85. 47
72. 40
p 84. 02
p 72. 04
r 57. 37
' 58. 80
57. 99
58. 35
p 52. 98
p 83. 80
r 95. 48 r 96. 61
95.87 p 96. 25
' 89. 40 ' 89. 40 ' 89. 40 p 90. 64
94 99
101
89
106
108
106
01
01
09
15
23
97 39
r
96. 19 r i 94. 22
89.44
70
77
37
28
22
100 54
87 88
106 12
r
54.09 r' i 53. 49 ' 54. 39 ' 54. 75 rr 52. 84
84. 20
i 84. 18 ' 84. 60 84.60
99 92
107 45
115 33
92 63
102 49
-
85. 57
94.15
96 23
91 19
106 79
96 02
102 16
p 94. 80
96 87
54.29
110 38
52 41
» 87. 29
87. 31
' 94. 39 f 93. 30
r
P 82. 81
82 81
73.93
86.80
54 31
52 56
87.25
94.57
88.18
94 12
97. 82
p 97. 91
97. 66
75.78
52 71
54. 17
92.20
95. 91
75. 65
60. 30
59 02
55. 15
53.87
84.94
93.28
87.12
92 39
94.01
95.30
83.43
68 28 ' p 07 12
- 81. 20
P 81. 20
100. 15
94. 30
99.31
80 80
75
66
87
10
99.14
82.21
56.45
54.75
r
81.41
55. 73
53 68
86.32
^ 69. 55
»• 82. 21
101.27
i 99 25
113.90
69 55
81. 61
90.35
97.68
58.59
91 69
' 71. 64 *> 72. 62
r
r
90.17
89.71
98.37
89.86
p 81 78
95. 40 1 » 93. 61
' 68. 51 r 70. 27
97.17
19
73
96
88
88 68
r
81 99
^88.29
! p 87. 23
r
i 68 46
i 81. 41
88.80
59
55
53
52
55 18
52' 82
1
95.68
r
i 67. 25
89.02
95.27
94
86
06
03
72
56.02
r
r
102. 83
97.71
90.12
97.61
97.71
86
75
60
74
87
Finance, insurance, and real estate:
61.89
61.51
Banks and trust companies
do
Service and miscellaneous:
41.71
42.02
Hotels, year-round
do
42. 12
42 54
Laundries
do
49.88 1 51.91
Cleaning and dveing plants
do
r
p
Revised.
Preliminary.
* See note marked "t" on p. S-ll.
fSee note marked "t" on p. S-ll.
9 Includes data for industries not shown.
88.60
93.88
79 19
50.05
104. 45
' 104. 60 ' 107. 23 p 104. 23
' 90. 80 r 89. 28
r
88. 00
p 88. 18
58.52
r
56. 67
p 55. 29
58.60
SUEVEY OF CURRENT BUSINESS
June 1957
S-15
1956
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
April
May
June
July
August
1957
Septem- October Novem- December
ber
ber
January
February
March
April
May
EMPLOYMENT AND POPULATION—Continued
WAGES— Continued
Average hourly gross earnings (U. S. Department of
Labor) :f
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 Dlan ing 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
Automobiles
._
Aircraft and parts
Ship and boat building and repairs
Railroad equipment
Instruments and related products
Miscellaneous mfg. industries
..__ _ _
Nondurable-goods industries
Excluding overtime*
Food and kindred products 9
M^eat products
Dairy products
Canning and preserving
Bakery products
Beverages
-
do
do
do
do
do
do
do _ .
Nonmanufacturing industries:
Mining:
M"etal
"RitnminnnsVna,!
anrl rlvpin? nlints
1
1.76
1.77
1.67
1.93
2.33
1.78
1.80
1.67
1 94
2.33
1.82
1.84
1 68
1 95
2.34
1.80
1.83
1.67
1.96
2.27
1.81
1.84
1.70
1.96
2.36
1.82
1.84
1.71
1 97
2.43
1.79
1.82
1.72
1 98
2.42
1.78
1.80
1.71
1 99
2 44
1.75
1.77
1. 73
2 00
2.45
i 1.72
2.47
2.48
2.48
2.48
2.51
2.61
2.59
2.61
2.62
2.16
2.17
2.19
2.24
2.24
2.28
2.27
2.27
2.28
2.04
2.18
1.96
2.04
2.18
1.97
2.06
2 19
1.97
2.05
2.20
1.98
2.07
2.21
1.99
2.11
2.25
2.02
2.13
2.25
2.03
2.13
2.25
2.04
2.15
2.27
2.05
2.26
2.28
2.25
2.19
2.35
1.98
1.74
2.27
2.28
2 26
2.19
2 34
1.99
1.74
2 29
2 31
2 27
2 22
2 37
1.99
1.74
2.30
2.33
2.29
2.22
2.37
2.01
1.74
2.31
2.35
2 30
2.26
2.33
2.02
1.74
2 37
2.45
2 31
2.27
2 40
2.04
1.75
2 38
2.46
2 31
2.27
2 41
2.04
1.77
2 39
2.48
2 32
2.31
2 38
2.05
1.77
2 43
2.52
2 34
2.34
2.44
2.06
1.79
2 05
2 05
2 06
p 2 06
2 17
2 18
2 18
p 2 17
i 2 28
2 29
2 30
2 31
P 2 30
1.73
'1.77
1.80
p 1.82
P 1 73
p 2 01
p 2 46
r
i 1 72
r 1
2 02
i 2 47
i 2.13
r 1 2 27
i 2 05
r
1 73
1 72
r 2 01
r 2 02
r 2 01
r 2 46
2 46
2 46
'2. 913
2 7
r 2 05
2.14
2 28
2 06
'2.14
r
r
2 37
2.38
i 2. 08
i 1.81
r
2.09
1.81
r
2. 10
r
1
r
73
r I
2.38
1
r
r
2 05
i 2 18
l . 81
r 2 28
r 2 06
2. 38
r
2.
r
P 2. 15
p 2 27
P 2 Of)
"2. 37
10
1.81
p 2.09
p 1.81
1.87
p 1.88
1 93
p 1 94
1.86
1.80
1.92
2.20
1.80
1.62
1.83
2.17
1.49
1.43
1.37
1.42
1.50
1.44
1 39
1.42
1.51
1.44
1 38
1 41
1.51
1.44
1.38
1 41
1.41
1.44
1 38
1.41
1.37
1.45
1 38
1.42
1.37
1.48
1 44
1 43
1.44
1.50
1 45
1.44
1.47
1.50
1 45
1.44
' 11. 49
i 1.50
'1.49
1.50
'1.53
1.50
'1.55
1.50
p 1.58
P 1.50
1.43
1.90
2 00
2.41
2.07
2 23
1.42
1.91
2 02
2.42
2.09
2 24
1.44
1.93
2 05
2.43
2.11
2 26
1.45
1.96
2.09
2.43
2.13
2 27
1.46
1.97
2 10
2.43
2.13
2 27
1.47
1.97
2 11
2.46
2.13
2 29
1.48
1.98
2 12
2.45
2.13
2 28
1.47
1.98
2 12
2.45
2.13
2 29
1.49
1.99
2 13
2.46
2.15
2 30
' i 1. 49
i 1.99
'1.49
2.00
r
l. 50
2.00
'1.48
'2.00
p 1.48
P2.00
'r i 2. 46
i 2. 16
T
2.49
2. 17
r
2.49
2. 17
p2. 50
p 2 . 20
do
do
do
do
do
2.54
2.67
2.15
2.50
1.50
1 45
2.53
2.65
2.16
2.51
1.50
1 45
2.55
2.67
2.15
2.50
1.50
1 45
2.56
2.68
2.17
2.51
1.50
1.45
2.54
2. 66
2.18
2.53
1.50
1 46
2.59
2.70
2.21
2.55
1.51
1 46
2.56
2.67
2.21
2.56
1.52
1 46
2.57
2 67
2.18
2.55
1.52
1 46
2.57
2.67
2.25
2.62
1.52
1 46
(jQ
2 28
2 60
2 79
2 28
2 42
2 79
2 28
2 63
2 83
2 27
2.59
2 83
2 31
2 62
2 77
2 36
2 60
2 80
2 33
2 68
2 92
2 33
2 69
2 95
2 34
2 96
2 98
2 50
1 89
2.69
2 42
2 75
2 48
1 90
2 70
2 44
2 76
2 49
1 93
2 71
2 48
2 7g
2 53
1 93
2.72
2 48
2 79
2 47
1 94
2 75
2 51
2 81
2 54
1 96
2 77
2 53
2 84
2 49
1 97
2 79
2 55
2 85
2 50
1 96
2 81
2 54
2 87
2 52
1 96
2 83
2 55
2 89
1 95
1.85
1 89
2 19
1 95
1.85
1 90
2 20
1 96
1 86
2 03
2 22
1 98
1.86
2.02
2 23
1 97
1.85
2 03
2 23
1 98
1 86
2 03
2 24
1 98
1 86
2 03
2 26
1
1
2
2
99
88
02
27
2 00
1.92
2 02
2 28
2.01
2 01
2 02
2.03
2 02
2 04
2 04
2 05
2 06
1 56
1 24
1 68
1 85
1 56
1 24
1 69
1 86
58
26
69
90
1 59
1 26
1 70
1 90
1 58
1 25
1 69
1 88
1 59
1 26
1 71
1 88
1 59
1 26
1 71
1 85
1 59
1 25
1 72
1 87
1 55
1 21
1 71
1 87
1 01
1 04
1 25
1 03
1 04
1 26
04
05
27
1 03
1.05
1 26
1 04
1 05
1 27
1 04
1 06
1 28
1 05
1 06
1 28
1 05
1 06
1 28
1 06
1.07
1 28
2.123
3.318
2.148
3.342
2.168
3.366
2.187
3.391
2.192
3.412
2.192
3.416
2.192
3.423
2.192
3.433
2.115
.91
2.107
1 76
2.143
82
2.100
1 90
rln
do
do
do
do
do
Miscellaneous wage data:
Construction wage rates (ENR):§
Common labor
dol. per hr_.
Skilled labor
do
Farm wage rates, without board or room (quarterly)
dol per hr
Railway wages (average class I)
do
Road-building wages common labor (qtrly) do
r
2 05
1.97
2 18
2.09
2 27
1 85
1.79
1.91
2 21
1.78
1.56
1.85
2.17
Service and miscellaneous:
T
rl'
Clp nin
2 03
1.96
2 16
2.08
2 25
1.83
1.78
1.85
2 11
1.76
1.60
1.83
2.14
do
_________
2 02
1.94
2 15
2.06
2 25
1.82
1.76
1.82
2 09
1.77
1.57
1.83
2.14
Retail trade (except eating and drinking places) 9
dollars
T oou
T r al r i r quo bio
t PS
2 00
1.93
2 14
2.06
2 23
1.81
1.75
1.82
2.06
1.74
1.56
1.82
2.16
do
Gas and electric utilities
Wholesale and retail trade:
1.98
1.91
2. 10
2.03
2.20
1.82
1.77
1.85
2.08
1.75
1.55
1.81
2.17
Transportation and public utilities:
Telephone
1.97
1.90
2.07
2.01
2.20
1 81
1.76
1 85
2 08
1.74
1.54
1.81
2.15
do
? f
t
f
"NT nbj ilrlinp nnnstmrtirm
"R IrT
t
ti n
~~
1 97
1.91
2 09
2.02
2 20
1.80
1.75
1.85
2 07
1.72
1.58
1.80
2.11
Crude-petroleum and natural -gas production:
Jr^etroieuni diiu iidiuia get p o
u
p
1.97
1.90
2.08
2.01
2.17
1.79
1.74
1.85
2.07
1.73
1.60
1.78
2.11
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
dollars. .
Paper and allied products
do
Pulp paper and paperboard mills
do
Printing, publishing, and allied industries. .do
Chemicals and allied products
do
Products of petroleum and coal
Petroleum refining
Rubber products
Tires and inner tubes
Leather and leather products
1.96
1.90
2.08
2.00
2.16
89
2.115
1 70
2.097
2.097
2.191
r
1.86
i 1. 92
!
2.59
r 1
2. 23
r
1 87
1 86
r
r
1 93
r
1 93
r
2.48
2. 17
T
2.56
'2.57
'2. 59
p2. 58
r
2.21
'2.20
P2.21
2. 22
i 1. 52
1.53
1.54
' 1.54
p 1. 54
2.192
3.433
2.212
3.458
2.220
3.459
2.220
3. 462
2.225
3.467
2.256
2.216
.95
2.198
1.86
:i 488
.92
2.240
2.208
1.82
J
Revised.
p Preliminary.
See note marked "f" on p. S-ll.
fSee note marked " t" on p. S-ll.
9 Includes data for industries not shown.
*New series. Excludes only the earnings for overtime paid for at one and one-half times the straight-time rates after 40 hours a week. No adjustment is made for other premium-payment provisions, e. g., holiday work, late-shift work, and overtime rates other than time and one-half. Data prior to 1955 will be shown later.
§ Rates as of June 1, 1957:" Common labor, $2.286; skilled labor, $3.510.
SURVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
June 11)5:
1957
1956
April
May
June
July
DecemOctober NovemAugust September
ber
ber
January
February
March | April
May
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 Adm.:
Total
mil. of dol. .
Farm mortgage loans: Federal land banks_._do
Loans to cooperatives
do __
Other loans and discounts
do
Bank debits total (344 centers)
New York City
6 other centers cf
do
...do
do
_
Federal Reserve banks, condition, end of month:
628
508
2,791
1,591
643
515
684
476
723
509
772
548
805
549
843
573
924
568
967
506
1 012
548
992
555
1,019
489
1.018
466
2,848
2,924
2,966
2,960
2,971
1,744
457
770
3,003
1.763
454
786
3, 062
1.788
444
829
3,120
1,817
423
880
3,185
1,836 1
411 i
938 |
201, 876
77, 495
40, 912
204, 293
76, 460
42, 596
177.343
67,035
36,886
197, 024
74, 786
42, 113
52, 910
26, 699
50
51 853
25. 195
668
51 387
24, 704
595
22, 887
21, 626
51 016
24, 970
994
23, 149
21, 627
51, 387
19, 566
18, 576
282
26, 556
51,016
1,617
334
897
1,638
352
934
2, 956
1,656
356
943
2,987
2,980
1,675
375
937
1,689
397
893
65, 715
37, 763
185, 584
69, 452
38, 766
186, 540
70, 733
38, 937
181, 284
65, 873
38, 653
183,819
50 509
25, 307
1,204
50 783
25, 377
1,160
23, 474
50, 327
50 593
452
832
23, 854
21, 151
21,179
348
851
176,760
67, 279
38, 206
1,709
441
816
1,724
462
774
167, 154
61, 223
34, 057
193, 140
70, 794
40, 148
185,223
51 309
25, 487
664
23, 680
21, 197
51 391
25, 236
538
23, 767
21, 223
52 145
26, 267
518
24, 385
21, 227
51, 391
19, 734
18, 668
209
26, 567
52, 145
20, 209
19, 208
489
27, 064
-30
27, 476
20, 203
18, 882
365
26. 698
66, 989
39, 425
21, 051
21,085
50 717
25, 219
232
23, 758
21, 109
50, 509
20, 097
18, 784
459
50, 717
19, 575
18, 443
—6
26, 367
50 327
50, 593
18, 308
204
26, 370
18, 888
511
25,971
50, 783
19. 904
18, 773
569
26, 168
26,510
51, 309
19, 927
18. 831
381
26, 546
45.7
45.8
45. 9
46.2
45.6
45. 6
45.8
44.9
44.6
40. 0
55, 890
55, 521
56, 210
55, 556
55, 381
54,915
56, 069
56, 632
57, 629
57, 224
57,319
57, 960
4,367
57, 492
4,168
57, 026
4,451
3, 669
3, 648
59, 296
3, 909
61,966
2,085
57, 448
3, 800
3,010
58, 980
3, 420
20, 555
20, 596
20, 859
20, 780
20, 844
20, 921
19, 304
1,072
12, 964
19, 378
1, 041
12, 224
19, 652
1,031
12, 966
19, 596
1,004
13, 359
19,661
1 , 005
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
35, 495
34. 824
34, 478
33, 684
27, 357
753
588
19, 758
26, 582
683
358
19, 505
25, 978
498
350
19, 242
8,138
26, 873
679
544
19, 600
6. 050
7, 951
Loans (adjusted), total©
do
Commercial, industrial, and agricultural
do
To brokers and dealers in securities- . __ . d o
Other loans for purchasing or carrying securities
mil. of dol. _
Real-estate loans .-_
do
Other loans
do
49, 953
28, 053
2,412
49, 900
27, 784
2, 435
51. 144
28, 845
1.298
1.277
8, 503
10, 756
1,271
Reserve bank credit outstanding, total 9
Discounts and advances _ _
United States Government securities
Gold certificate reserves
Liabilities, total 9
Deposits, total 9
_ _
Member-bank reserve balances
Excess reserves (estimated)
Federal Reserve notes in circulation
do
do. ._
do
do_ .
do
do
do
_do
do
Ratio of gold certificate reserves to deposit and FR
note liabilities combined
.percent-Federal Reserve weekly reporting member banks,
condition, Wednesday nearest end of month:
Deposits:
Demand, adjusted©
_
mil. 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_ .
Money and interest rates:§
Bank rates on business loans:
In 19 cities
New York City
7 other northern and eastern cities
11 southern and western cities
23,345
4.632
3,343
6,258
8,430
10, 618
2,380
8,606
10, 899
23,438
19,416
5,888
7,706
50, 925
28, 734
2.269
1, 255
8,671
10, 864
25,480
19,911
r
24,915
21, 269
52, 910
20, 249
19,059
23.421
21. 562
51,853
72,328
40, 182
51 494
24.960
829
23, 169
21, 635
1,855
389
990
197, 181
71,780
42,128
51,018
25, 224
1,170
23, 108
21,932
51,018
19, 835
18, 629
117
26, 454
51, 494
19, 983
18,r 864
276
20, 323
"678
20, 470
46.9
46.7
40.7
40.9
58, 076
56, 370
55, 1 18
50, 213
55, 149
20, 252
19,049
57, 179
57, 383
1. 554
4,045
3,946
58, 635
4,183
2, 181
59, 951
4,211
790
59, 228
2,877
20, 912
20, 640
21,017
21.336
21, 554
22, 083
22, 114
22, 372
19, 794
929
13, 653
19, 556
898
19,919
12,909
19, 760
971
133 844
13,609
916
20, 214
939
20, 407
964
20, 897
1,004
15,609
12,625
13,373
20, 870
1, 003
13. 098
21 , 082
1,111
12, 253
34, 421
33, 857
33, 668
33, 746
34 259
33. 521
33, 259
34, 309
33, 075
33, 480
26, 576
548
1,187
19, 123
5,718
7, 845
25,979
25, 961
818
790
18, 895
5, 458
7 707
26, 141
1, 260
762
26, 101
1,681
680
18, 658
5, 082
7, 420
4,878
26, 635
1,243
1. 608
18, 569
5,215
7, 536
7,674
26, 034
1,125
1,311
18, 458
5,140
7,641
25, 878
1,005
1,581
18, 394
5, 279
7, 605
26, 774
2. 093
703
18, 756
5, 222
7 485
25, 723
1,461
746
18, 638
51, 120
51, 798
29, 849
1, 930
51,992
53, 375
31, 137
2, 130
51, 770
30, 260
1.689
51, 779
30, 314
1, 760
52, 944
31, 322
1,952
53,454
52, 756
29, 931
1,975
52, 461
30, 407
1, 915
31, 463
2. 113
1,230
1,208
8, 857
1,205
8, 855
10, 956
1, 208
1,182
1,148
1, 152
8,691
10, 873
1,173
8, 079
3,928
29,168
1,948
1,235
8, 738
10, 895
486
953
18, 943
5,597
7,878
8,794
10, 871
4,007
2,303
10,900
18,840
4.35
4.20
4.39
4.53
4.14
3.97
4.15
4.38
percent
do
do
do
Discount rate (N. Y. F. R. Bank)
Federal intermediate credit bank loans
Federal land bank loans
.... __
Open market rates, New York City:
Acceptances, prime, bankers' 90 days
Commercial paper, prime. 4-6 months
Call loans renewal (N Y S E )
Yield on U. S. Govt. securities:
3-month bills
3-5 year taxable issues
6,036
7,896
24,868
192, 492
3,234
8,839
11,069
4
4
4
4
4,099
12,775
8,762
10,813
8,790
10, 868
4,545
2.822
4,439
3,214
4,238
7, 008
31,077
1,765
1,150
8, 601
11,073
11,144
4.38
4.23
4.40
4.60
38
22
40
58
do
do
do
2.75
3.19
4.17
2.75
3.27
4.17
2.75
3.31
4.29
2.75
3.33
4.33
3.00
3.34
4.33
3.00
3.42
4.46
3.00
3.51
4.46
3.00
3.71
4.50
3. 00
3.89
4.63
3.00
3.98
4.75
3.00
4.11
4.79
3.00
4.19
4.96
3.00
4.20
5.04
4.19
5.08
do
do
do
2.44
3.14
3.94
2.50
3.27
4.00
2.45
3.38
4.00
2.43
3.27
4.00
2.65
3. 28
4. 14
2.88
3.50
4.38
2.88
3.63
4.38
3.05
3.63
4.38
3.35
3.63
4 38
3.38
3. 63
4 38
3.38
3.63
4.38
3.27
3.63
3.20
3.03
3.25
3.63
..do
do
2.613
3.11
2. 650
3.04
2. 527
2.87
2.334
2.606
2.850
2. 961
3.29
3.000
3.230
3.210
3.40
3.165
3.33
3. 140
3.38
3.113
3.48
3.042
16, 795
1,808
16,900
17, 092
1.765
17,098
1,787
17, 247
1.681
17, 372
1, 665
17, 795
1, 573
17, 780
» 1,545
P 1,511
38, 222
38, 919
29, 419
29, 763
Savings deposits, balance to credit of depositors:
New York State savings banks
mil of dol
U. S. postal savings^
_ do
3. 36
3.43
17, 135
1,720
17,227
1, 742
39, 454
39, 478
39, 878
40, 074
40, 196
40, 631
41, 863
40, 916
40, 513
40,503
41,015
30. 084
30, 297
30, 644
30, 707
30,811
31, 024
31, 552
31, 298
31, 233
31, 273
31, 532
2.97
1,699
3.49
3.65
17 626
1,649
17,611
1,621
17, 657
1, 598
T
T
3.60
CONSUMER CREDIT J
(Short- and Intermediate-term)
Total outstanding, end of month
Installment credit, total.
mil. of dol
do
14, 381
14,436
14, 255
14, 533
14, 059
14, 059
14, 389
14, 449
14, 478
13, 892
14,530
14, 501
14,410
Automobile paper
do
7,421
8,139
7, 417
7, 805
7, 601
7.071
7,698
7, 752
7,493
7,401
7,497
7,337
7,938
Other consumer-goods paper
.__
do
1,734
1,793
1,700
1,710
1,754
1,772
1,759
1,781
1,677
1,758
1,643
1,797
1,760
Repair and modernization loans
do
6, 785
7,184
6,712
7, 442
6,951
6.887
7, 199
7, 259
6,626
6. 919
7,320
7,026
6,547
Personal loans
_
.do
T
Revised.
v Preliminary.
d* Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
9 Includes data not shown separately.
OFor demand deposits, the term "adjusted" denotes exclusion of interbank and U. S. Government deposits and of cash items reported as in process of collection; for loans, exclusion of
loans to banks and deduction of valuation reserves (individual loan items are gross, i. e., before deduction of valuation reserves).
§ For bond yields, see p. S-20
fData through June 1956 are as of end of month; thereafter, as of end of consecutive 4-week periods ending in month indicated.
f See corresponding note on p. S-17.
SURVEY OF CURRENT BUSINESS
.June 1!K~>7
Lin less otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-17
1956
April
May
June
July
1957
August
Septem- October Novem- December
ber
ber
January
February
March
April
May
FINANCE—Continued
CONSUMER CREDITt— Continued
(Short- and Intermediate- term)
Total outstanding-, end of month — Continued
Installment credit, total— Continued
By type of holder:
Financial institutions, total
mil.
Commercial banks
Sales-finance companies
Credit unions
- Consumer finance companies
Other
Retail outlets, total
Department stores
Furniture stores.Automobile dealers
Other
.
. _ ..
__ _.. _
Noninstallment credit, total
Single-payment loans Charge accounts __
Service credit
By type of holder:
Financial institutions
Retail outlets
Service credit
-
_ -
of dol.
do
do
-do _
do
do
25. 208
11,009
8.575
1, 767
2.773
1,084
25, 528
11,170
8, 641
1,806
2,805
1,106
25, 963
11,394
8,765
1,848
2,845
1,111
26, 193
11,476
8,849
1,880
2,880
1,108
26, 475
1 1, 548
8,953
1,933
2,920
1,121
26, 551
11,548
8 989
1,960
2,924
1,130
26, 635
11,606
8 973
1,994
2, 938
1,124
26, 846
11 634
9 075
2 021
2,961
1 155
27, 038
11 682
9 100
2 048
3,049
1,159
26, 931
11 616
9 077
2 045
3,041
1 152
26,967
11,641
9 035
2,074
3,051
1, 166
27, 101
11 711
9 048
2 108
3,056
1 178
27, 493
11 960
9 104
2,154
3,095
1,180
-do
do
__ do
do
do__.
4,211
1 , 380
974
548
1,309
4,235
1,389
4,121
1,247
4,104
1, 239
4, 169
1,286
973
562
4, 156
1 269
4,176
1 269
967
568
973
575
4,266
1 345
4 172
1 298
974
574
4 514
1 407
1,020
4 367
1 380
970
576
4 178
1 230
4 039
1 170
971
554
1, 339
1.330
957
568
1.335
572
975
568
1,321
936
570
1,341
1,359
1 387
1,515
1,444
1, 396
1,368
1,372
do
8,803
9,156
9,370
9, 181
9,234
9,367
9 385
9 607
10 311
9 618
9 280
9 230
9,483
do
_ do.
do
3,094
3. 531
2,178
3,258
3, 701
2,197
3, 335
3,804
2, 231
3,261
3,674
2, 246
3, 295
3, 696
2,243
3 361
3, 780
2 226
3 310
3, 875
2 200
3 401
4 029
2 177
3 421
4, 702
2 188
3 360
4, 085
2 173
3, 433
3, 662
2 185
3 527
3 500
2 203
3,536
3 687
2,260
_do
do
do
3. 094
3,531
9 178
3, 258
3,701
2,197
3. 335
3. 804
2, 231
3. 261
3, 674
2, 246
3, 295
3,696
2 243
3 361
3 780
2 226
3 310
3 875
2 200
3 401
4 029
2 177
3 421
4 702
2 188
3 360
4 085
2 173
3,433
3 662
2 185
3 527
3 500
2 203
3,536
3 687
2 260
3,329
1,345
3, 470
1,407
3, 3PO
1,391
894
883
3,316
1,337
3, 504
1, 393
949
872
2 981
1 150
3 319
1 374
809
856
1,116
1,107
1,159
735
195
266
274
727
1,114
3
1
1
1
2 954
1 214
1,090
3 387
1 225
1 037
1 125
3 079
1 258
840
991
3 382
1 284
1 010
1,088
3 558
1,460
952
] 044
1,013
1 136
1,242
3, 022
1.196
3, 126
1,240
3,069
1, 195
3, 103
1,211
3, 157
1,244
885
867
868
3,278
1 339
1,007
906
1,001
1,024
1,033
836
935
3 174
1 254
3,299
1,302
880
2,918
1 147
857
969
3,402
1,324
3, 255
1,250
3,049
1, 175
3, 293
1.246
930
839
3,350
1 258
966
925
951
1,112
1, 075
1,035
1,122
3.142
1,256
3, 060
1,224
3,006
1, 156
3, 158
1,227
869
868
982
890
891
1,017
857
979
1,041
5 562
4, 082
7, 107
5, 050
12, 598
11,601
59
63
57
4. 461
5, 780
1,014
Installment credit extended and repaid:
Unadjusted:
Extended, total
do
Automobile paper
do
Other consumer-goods paper
do
All other
_
_- - --do
Repaid, total
._
- do
Automobile paper
do
Other consumer-goods paper
do
\11 other
do
Adjusted:
Extended, total ... _ _ _ _ _ _
_ _. _ _ d o
Automobile paper
do
Other consumer-goods paper..
__ _ do
All other
do
Repaid, total
Automobile paper
Other consumer-goods paper
\11 other
do
do
do
do
988
573
922
575
3, 207
1 208
3. 333
1 305
3,019
] 193
3 279
1 283
879
978
883
1 034
1,120
1 050
860
966
916
1 033
886
1,080
1, 114
3. 153
1 191
3,363
1 308
3 512
1 477
3 496
1 426
3 299
1 324
3, 505
1 389
942
3 453
1 354
3,368
1 311
883
899
914
878
896
1,141
1,079
1 113
973
939
1 126
1 118
1 136
1 156
1 097
1 220
3, 145
1 212
3 085
1 184
3 182
1 283
3 301
1 317
882
3 160
1 231
3 160
1 244
89?
1,042
1 009
1 041
1, 124
3 927
3, 485
5 959
4, 954
6 142
4, 256
63
64
11,255
2,601
970
292
4,772
1, 030
251
967
319
5,467
6,937
5. 542
3 185
1 236
3 311
1 326
918
935
1 017
904
1 025
1 031
1 050
3 214
1 286
' 874
1 054
6 897
6, 21 8
3 660
3 184
5 705
4 gig
5 898
5* 412
5 279
4 809
7 486
6 188
12 145
10' 737
60
75
63
59
64
53
66
65
5,846
2, 185
1 149
4 478
1 014
4 570
3 903
6,313
978
333
963
157
10 887
1 063
4, 799
1, 008
129
270
6 095
5 743
5 584
o, 987
601
004
274, 999
272, 773
227, 169
45, 603
2, 226
274, 008
272, 066
220 915
45, 151
1, 942
875
860
FEDERAL GOVERNMENT FINANCE
Budget receipts and expenditures:
Receipts total
Receipts, net
Customs..
- - .
Income and employment taxes .
Miscellaneous internal revenue
All other receipts
Expenditures, total
Interest on public debt
Veterans' services and benefits
Major national securitv ....
\11 other expenditures
mil of dol
do
_ . . do..
do
do
do
do
do
do
do
do
Public debt and guaranteed obligations:
Gross debt (direct), end of month, total
do
Interest bearing, total .
_ .
.
do
Public issues
do
Special issues
. _
_
do
N on interest bearing
do. _
Obligations guaranteed by U. S. Government, end
of month
mil of dol
U. S. Savings bonds:
Amount outstanding, end of month
do
Sales, series E through K
do
Redemptions _ .
. do
Federal business-type activities, end of quarter:!
\ ssets except interagencv total
mil of dol
Loans receivable total (less reserves)
do
To aid agriculturea
do
To aid homeown rs
do
Foreign loans
do
All other
do
Commoditif s, supplies, and materials
IT. S. Government securities
Other securities and investments
Land, structures, and equipment
All other assets
do
do
do
do
do
894
147
5, 387
93
869
122
5, 902
4 918
250
150
894
374
5 995
5 726
5 718
565
406
561
432
602
403
627
361
567
369
570
353
582
396
4,478
1,453
2,945
1,609
631
405
651
410
3, 433
1,040
3, 608
1,357
580
407
585
407
3, 232
1,185
3, 1 52
843
3, 750
1,267
3.564
1 175
3, 576
1 106
3, 741
1 293
3,576
1, 175
275, 789
273, 078
229, 689
43, 389
2,711
276, 729
273, 977
229, 637
44, 339
2, 752
272, 751
269, 883
224, 769
45, 114
2, 868
272, 645
269, 972
224,618
45, 353
2, 674
275, 565
272, 959
226, 905
46, 054
2, 606
274, 261
271, 660
225, 827
45, 834
2, 601
275, 283
272, 720
227, 238
45, 482
2, 503
277,017
274, 471
228 749
45, 722
2, 546
276, 229
273, 698
228 367
45, 331
2. 531
276, 269
273, 919
228 449
45, 470
2, 350
276,
274
2^8
45
2,
628
219
581
639
408
275. 234
273, 074
226, 937
46, 1 37
2,160
56
62
74
74
79
85
89
94
103
107
109
109
103
103
58, 137
58, 110
57, 857
57, 71 7
57, 661
57, 583
57. 439
56,317
55, 58ft
389
692
390
728
496
1,070
386
728
56, 068
55, 836
414
644
56, 570
355
523
57 018
436
582
57 231
453
571
451
571
437
815
484
749
i 78 677
19, 871
6,790
3 299
8, 172
2,208
i 69 143
20 331
7, 160
3 391
8, 229
2, 208
l (iq 873
20 657
21,812
3, 719
3 695
17, 463
12 117
20, 949
3, 720
3, 668
10, 028
10 447
21 375
3, 739
3 669
9, 985
10 448
384
723
389
707
394
737
O' 7a2
3 (580
8 223
2. 3 1 1
i f) 240
i 6 438
i 5 944
Liabilities except interagency total
do
2, 799
2, 778
2, 656
Bonds, notes, and debentures
do
r
3, 145
3 660
3 584
Other liabilities
do
1
1
i 692
Private proprietary interest _
do 918
980
1
1
i 62, 506
62, 516
U. S. Government proprietary interest
do. 71, 457
r
Revised.
» Preliminary.
* See note marked "f".
J Revised to adjust to new survey and census information. For credit outstanding, the revisions begin with 1948 (except data for consumer finance companies which arc separately available
from September 1950 only); for credit extensions and repayments, the revisions begin with 1940. See the October 1956 Federal Reserve Bulletin for all revisions prior to September 1955.
t Figures beginning with the 1st quarter of 1956 are not comparable with those through 1955. They are the revised series reflecting expanded coverage and new classification of agencies now
reporting to the Treasury under Department Circular No. 966. Moreover, the 1956 data are not directly comparable from quarter to quarter, since activities covered vary; the June 1956 figures
include data for certain agencies (with total assets of $11,880 million) presently reporting only on an annual basis. The revised data cover the condition of public-enterprise and intragovernmental funds, certain other activities of the U. 8. Government, and certain deposit and trust revolving funds. Interagency items are excluded except in the case of trust revolving funds.
SURVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
June 1951
1956
April
May
June
July
August
1957
Septem- October Novem- December
ber
ber
January
February
March
May
April
FINANCE—Continued
LIFE INSURANCE
Institute of Life Insurance:
Assets, total, all U. S. life insurance companies
mil. of dol
Bonds (book value), domestic and foreign, total
mil. of do!
U S Government
do
State, county, municipal (U. S.)
do__
Public utility (U. S.)
do
Railroad (U. S.)
do._
Industrial and miscellaneous (U. S.)
_ do
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) 'O
Value, estimated total
__
mil. of dol
Group and wholesale
do
Industrial
do
Ordinarv total
do
New Emrland
___ _ _ d o
Middle Atlantic
do
East North Central
do
West North Central
do
South Atlantic
do
East South Central _ _ _
do
West South Central
do
Mountain
_
do
Pacific
do
Institute of Life Insurance:
Payments to policyholders and beneficiaries, estimated total
mil of dol
Death benefits __
_ _
do
Matured endowments
_
do
Disability payments._ do
Annuitv payments
. __
do
Surrender values
do
Policy dividends
_ __
do
Life Insurance Association of America:
Premium income (39 cos.), quarterly total
do
Accident and health
do
Annuities
do
Group
_-.
_
_
_
do
Industrial
do
Ordinary
_do
92, 025
92, 478
92, 876
93, 580
93, 992
94, 411
94, 869
95, 274
95 819
96, 316
96 738
97,074
97, 488
48, 164
8,085
2,153
13, 653
3,852
17, 900
48, 212
7,986
2,140
13, 707
3, 850
18,002
48, 279
7,921
2, 148
13, 762
3,854
18, 059
48, 594
7,886
2, 191
13, 835
3,853
18, 256
48, 665
7,778
2,206
13, 903
3, 853
18, 340
48, 799
7, 805
2,213
13, 905
3, 850
18, 426
48, 970
7,850
2,218
13, 914
3, 845
18, 537
48, 983
7,749
2, 229
13, 963
3,842
18, 581
49, 058
7 532
2 237
13 997
3,839
18 807
49, 324
7 588
2,244
14 030
3,838
18, 951
49, 470
7 544
2,244
14 049
3,837
19 084
49, 564
7,427
2,251
14, 110
3,840
19, 204
49, 767
7,430
2,264
14, 157
3,838
19, 314
2,980
1.729
1,239
30, 651
28. 301
2,624
3, 365
1,067
3,174
2,974
1,725
1,237
30, 991
28, 612
2,646
3.385
1,086
3,184
2,964
1, 726
1 226
31, 284
28 884
2. 673
3,409
1,078
3 189
2,995
1 727
1 254
31 612
29 188
2 711
3,400
1 093
3 175
2,998
1,724
1,260
31, 897
29, 454
2,727
3,420
1,064
3,221
2,968
1,700
1,253
32,111
29, 656
2,748
3,440
1,077
3,268
2, 962
1,700
1 247
32, 399
29 938
2,778
3,461
1,093
3,206
2,970
1, 701
1,254
32, 709
30, 243
2,813
3,483
1, 109
3,207
2,906
1 634
1 257
33 017
30 546
2 809
3, 503
1,273
3 253
2,921
1 632
1 273
33 279
30 810
2,841
3, 523
1, 141
3 287
2,933
1 627
1 287
33 479
31 001
2 865
3,547
1,103
3 341
2,941
1,628
1 294
33, 672
31 179
2,883
3,575
1,056
3 383
2,951
1,629
1 303
33, 840
31 334
2 907
3,606
1,080
3 337
4,188
847
512
2,829
176
628
606
215
364
132
274
106
329
4,543
1,014
581
2,948
195
646
628
226
363
126
295
119
351
4,344
915
538
2,891
189
673
600
225
361
124
275
111
334
4,251
931
503
2 817
184
637
599
221
349
122
256
107
341
4,544
1,160
526
2, 858
182
618
622
235
353
125
263
113
347
4,140
981
525
2,634
171
598
572
209
321
119
241
105
299
4,792
963
549
3,280
213
789
701
258
403
139
290
119
369
4,742
863
512
3,367
215
838
732
260
412
145
281
114
370
7, 062
2 726
536
3 800
224
919
816
310
442
152
332
160
445
4 269
682
464
3 123
210
738
673
249
364
131
295
110
354
4,898
1,242
495
3,161
211
767
679
250
372
137
283
116
347
5,524
1,118
549
3 857
250
959
826
301
449
165
346
136
424
5, 753
1,469
536
3, 748
241
949
788
282
450
168
323
135
412
479.5
205.5
53.6
9.7
41.6
85.2
83.9
505.5
212.3
55.9
9.6
41.7
86.4
99.6
466.0
185.8
52.6
8.9
41.5
81 0
96.2
469 6
204.7
51 0
9.3
43 8
79 1
81 7
478.3
203.9
49.5
9.3
41.9
84 1
89.6
425.0
171.8
45.9
8.8
38.8
73.1
86.6
516.6
223.2
57.7
9.9
45.5
95 8
84.5
473.1
197.5
56.3
9.1
44. 1
86 0
80. 1
590 9
209.0
63 7
8.9
38 1
94 9
176 3
595 9
236.9
66 5
10.9
61 5
98 0
122 1
495 0
207.4
56 4
8.9
41 9
94 4
86 0
575 8
223.8
68 5
10.0
45 8
108 3
119 4
560
221
63
9
44
110
104
2, 258. 7
354. 4
270.3
249.7
209.2
1, 175. 1
2, 243. 3
357.3
247. 5
238. 5
213. 9
1, 186. 1
2, 673. 1
403 1
358 2
289.0
279 7
1, 343. 2
8
8
5
8
i
6
7
2 470 1
391 5
311 5
284 9
234 3
1,247 8
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U. S. (end of mo.)
mil. of dol. .
Net release from earmark §
do
Exports
thous. of doL .
Imports
_ - _ _ - _ _ _ - _
do
Production, reported monthly total 9
do
Africa
do
Canada
do
United States
_ _ _
do
Silver:
Exports _ _
do
Imports
do
Price at New York
dol. perfineo z _ _
Production:
CanadaO
_ -thous. of fine oz
Mexieo-_ _ _ _
do
United States
do...
Money supply (end of month) :
Currency in circulation . _ _ _ _ _ _
mil. of dol
Deposits and currency, total-do
Foreign banks deposits, net
_ . do_ _ _
U. S. Government balances.
do
Deposits (adjusted) and currency, totalf
do
Demand deposits, adjustedl
do
Time deposits, adjusted^
_-do _
Currency outside banks
do
Turnover of demand deposits except interbank and
U. S. Government, annual rate:
New York City _ _ _ ratio of debits to deposits
6 other centersd^t
do
337 other reporting centers t
do
21, 743
16,9
r
529
10, 390
73, 900
49, 900
12,900
4,700
21, 772
1.8
611
25, 949
77, 700
52, 100
13, 100
5,400
21, 799
29.9
360
18, 767
77, 700
52, 200
13, 400
5,100
21, 830
43.9
421
5,262
21, 858
43.2
94
4,804
21, 884
86.9
22, 096
4,091
21,910
—34.3
250
4,845
21, 910
105.7
238
12, 740
21, 949
51 2
353
3,090
22, 252
295 9
88, 386
34 498
22, 304
28 0
41, 787
11 980
22, 306
16 0
36, 316
27 511
52, 800
12, 300
5,900
53, 400
12, 300
6,300
52, 200
12, 400
6,000
52, 700
12, 900
6,200
12, 900
5,600
12, 800
4 600
12, 600
5 000
12, 000
4 400
13 200
5 100
13, 388
.909
r 587
429
13, 985
.908
281
10, 695
.905
272
11, 647
.901
215
11, 723
.906
600
16, 743
.908
968
14, 081
.912
1,329
9,435
.914
272
8,869
.914
2 405
9 101
.914
961
6 396
.914
707
11 232
.914
1,759
3,446
2,898
2,463
3,977
2,905
2,494
3, 032
2,501
2,267
3,632
3,828
2,315
4,124
3,035
2,517
3,520
2,828
2,379
3,906
3,454
2,430
3, 732
2,886
2,357
3 048
3, 168
2 123
4 066
2 997
2,925
30, 210
221,200
3,000
5,800
30, 513
221, 200
3,000
7,000
30, 715 30, 604
30, 757
30, 768 30, 839
31, 424 31 790
30 614
30 575
30
223,585 >• 221,
400 ' 223, 000 r 224,
000 r 224,
800 r 227, 000 * 230,
510 v 226, 400 P 225, 100 P 225
r
r
r
T
3,115
3, 200
3, 100 rr 3, 100
3, 100 rr 3, 400
3, 306 p 3 100 p 3 100 p 3
r
T
r
r
5, 000
6,827
7, 100
5, 100
6, 800
5 254 P 3 300 p 3 900 v 5
6, 500
212,400
106, 100
79, 300
27, 000
211,200
104, 200
79,600
27, 400
213,643 «• 213, 300 rr 212, 800 ' 214, 100
104,744 * r105, 200 r104, 500 "• r105, 400
80, 615
81, 300
80, 700
80, 900
28, 284 r 27, 400 r 27, 500 r 27, 400
45.4
30.1
21.5
46.0
28.7
21.7
47.0
28 9
21.6
45.9
29 6
22 4
44 4
27 4
21 3
44.8
27 4
22 0
r
r
216, 600 'r 217, 200 rr 221, 950 p 219, 900
107, 400 r108, 300 lr l l 391 v 109 500
81, 500 80 900 82 224 P 82 900
' 27, 700 r 28, 000 ' 28, 335 v 27, 400
T
45 2
28 4
22 1
48 3
31 0
23 6
51 8
29 9
23 3
48 3
30 0
22 8
22, 318
58
189
20 967
1 183
7 958
.914
1 983
P 218, 000
p 107 000
P 83 600
p 27, 400
48 9
30 2
r 22 9
3,360
p 217,
P 105
P 84
P 27,
585
30 519
400 P228* 100
100 P 3 200
loo •p 5 500
200 ^219, 500
200 ^107 300
600 Pg4 gQo
400 p27, 400
48 7
r Q9 O
99 ^
46 9
P 47 1
p qr\ q
p 2^ 8
r, 00
-1
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Fed. Trade and SEC):f
4,246
Net profit after taxes, all industries.
mil. of doL
3,670
4 255
295
Food and kindred products
do
314
262
Textile mill products. _ _ _ _ _ _ _ _ _ _ _.do_ _
71
82
96
Lumber and wood products (except furniture)
72
mil. of doL60
35
171
Paper and allied products
do_ _
157
163
r
Revised.
p Preliminary.
©Revisions for insurance written for January-August 1954 are shown in the November 1955 SURVEY. Revisions for silver production in Canada are shown as follows- Januarv-July
1952 in the April 1956 SURVEY, January-September 1954, the December 1955 issue; January-December 1955, the March 1957 issue.
§ Or increase in earmarked gold (—).
9 Includes data not shown separately.
1 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.
J Revisions beginning with 1943 appear on p. 24 of the October 1955 SURVEY.
fData beginning with 1956 are based on a new sample.
SURVEY OF CURRENT BUSINESS
June 1957
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-19
1956
April
May
June
July
1957
DecemOctober NovemAugust September
ber
ber
January
February
March
April
May
FINANCE—Continued
PROFITS AND DIVIDENDS— Continued
Manufacturing corporationsf— Continued
Net profit after taxes— Continued
Chemicals and allied products.
mil.ofdol _
Petroleum refining
_ _ _
do Stone clay and glass products
do
Primary nonferrous metal -do Primary iron and steel
do
Fabricated metal products (except ordnance,
machinery and transport equip ) mil of dol
Machinery (except electrical)
do
Electrical machinery
do
Transportation equipment (except motor vehicles,
etc )
mil of dol
M"otor vehicles and parts
do
All other manufacturing industries
do
Dividend" paid (cash) all industries
do
Electric utilities, net profit after taxes (Fed. Res.)
mil of dol
Railways and telephone cos. (see pp. S-23 and S-24).
456
719
195
245
394
414
688
185
194
158
451
827
162
194
410
170
425
195
167
365
190
145
375
190
125
313
400
105
166
427
129
378
435
1,738
1,680
2,259
321
302
*331
SECURITIES ISSUED
Commercial and Financial Chronicle:
Securities issued, by type of security, total (new
capital and refunding)
mil of dol
New capital total
do
Domestic total
do
Corporate
do
Federal agencies
do
Municipal State etc
do
Foreign
do
Refunding total 9
do
Domestic total
do
Corporate
do
Federal agencies
do
Municipal State etc
do
Securities and Exchange Commission: t
Estimated gross proceeds total
_ __ _ do
By type of security:
Bonds and notes, total
do __
Corporate
do
Common stock
do_
Preferred stock
_
do
By type of issuer:
Corporate, total 9
do_ __
Manufacturing
do
Mining
- - do
Public utility
do
Railroad
do...
Communication
do
Real estate and
financial
- do__Noncorporate total 9
do
TT. S. Government
__
do
State and municipal
,
do
New corporate security issues:
Estimated net proceeds, total
do
Proposed uses of proceeds:
New money, total
do ._
Plant and equipment
do
Working capital
- - do. _
Retirement of securities
do
Other purposes
do
State and municipal issues (Bond Buyer):
Long-term
thous. of dol
Short-term
- - do
1,612
1.236
1,040
642
31
366
196
1,943
1 709
1,705
1 094
135
477
3
376
376
11
352
13
234
234
54
179
1
' 1, 877 ' 2, 123
' 2, 164
1,829
' 1, 955
2,432
2,123
' 3, 248
2, 340
' 1, 603 ' 1, 157
'451
'485
627
' 150
'45
139
' 1, 756
'915
'183
16
2,254
916
144
34
1,769
761
329
26
' 2, 934
1,072
276
38
2,030
' 1, 114
'538
'18
' 160
44
'76
'153
1,094
396
24
251
51
107
191
1,116
558
43
265
22
47
113
1,386
377
18
514
39
284
93
841
390
427
1, 337
496
685
1,007
386
569
' 1, 862
1,327
'503
' 1. 098
1,075
1,092
1,365
902
1,026
794
232
11
38
927
724
203
22
144
1,271
1,106
165
21
73
827
629
199
9
65
503, 237
146, 928
702, 376
181, 231
' 1, 972 ' 1, 493 ' 1, 581 ' 1, 892
' 1, 919
'977
'139
65
1,932
661
'182
50
' 1, 767 ' 1, 351
'551
'901
'189
92
'16
50
1,373
'681
'176
33
' 1, 180
487
35
339
39
82
'121
'893
'305
' 58
'236
33
12
'199
' 1, 106
'348
79
'241
10
263
' 105
'890
'221
42
'250
55
57
'239
'773
'330
15
'232
29
69
'69
' 1, 123
'168
78
156
39
600
38
962
453
391
943
451
491
' 1, 271
437
736
691
355
336
1,118
414
646
'706
389
311
898
'1,160
' 1, 110
r 1,635
673
'212
'31
'916
'343
' 12
'297
14
15
' 174
702 ' 1, 105
'479
'939
'223
'166
'80
' 15
' 116
'41
865
484
379
'693
'217
'68
157
22
'83
' 112
'799
436
213
'876
' 1, 089
'679
'873
'756
'782
446
'336
'35
'59
' 1, 003
'754
'250
'26
'60
'550
'370
' 180
25
' 104
'816
'513
'302
'35
' 23
' 1, 048 ' 1, 049
660
'905
'490
'737
'170
'312
'143
' 11
'21
' 11
'41
'84
'39
390, 541
124, 807
490, 526
252, 071
736, 386
175, 825
378, 535
194, 625
213, 238
207, 418
335, 930
178, 780
645, 718
294, 244
311,354
327, 959
427, 298
148, 455
685, 472
325, 574
568, 928
454, 707
2,821
896
2,189
2,847
322
2,811
837
2,843
2,819
872
2,816
866
2,113
2,784
2 817
822
2, 114
336
2 866
878
2,195
2,006
3 903
866
3 846
828
612
261
49
922
306
19
363
28
48
97
1,418
390
702
SECURITY MARKETS
Brokers' Balances (N. Y. S. E. Members
Carrying Margin Accounts)
Cash on hand and in banks
Customers' debit balance*? (net)
Customers' free credit balances
M^onev borrowed
mil of dol
do
do
do
870
2,228
2,266
858
2,242
2,086
835
2,131
2,057
3,832
'820
2,005
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.),
93.09
95.22
93.33
93.41
96.39
93.86
93.52
95.50
96.48
93. 33
92. 14
91.59
total §
dollars
93.33
96.65
95.46
94.10
95.74
93. 65
93.57
93. 69
93.76
96. 75
92.42
91 91
Domestic
do
77.04
77. 35
77.61
78.23
78.79
79.14
76.71
78 92
77.46
73.00
75 09
71 94
Foreign
do
Standard and Poor's Corporation:
Industrial, utility, and railroad
(Al-f-issues)
:
104 4
105.2
108.4
104 2
110.5
110 2
110.6
102 8
111.2
102 8
105 8
103 7
Composite (21 tonds) d"1 dol per $100 bond
119.2
118.6
116.0
113.8
112.8
116.9
110.9
110.0
108.6
108.1
109.0
117.3
Domestic municipal (15 bonds)
do
93.94
91.51
89.96
90.22
91.81
91.43
92.86
88.74
90.88
91.53
94.40
95.03
TT. S. Treasury bonds, taxable
do
Sales:
Total, excluding U. S. Government bonds:
All registered exchanges:
83, 606
110, 399 104, 178
93,606 85, 420
96, 407 144 608 116,182
81,717 82, 802 101, 631 86, 568
Market value
thous. of dol
91, 927
89, 818 101, 520 152, 555 120, 730
84, 454
114, 574 107, 082
93, 715
86. 673
83, 150 100, 885
Face value
do
New York Stock Exchange:
109,
126
114,
750
84, 305
82.
292
80,
522
81,
261
92,
471
95,
082
99,
228
85,
561
143
305
101,
703
M^arket value
do
112. 538 104, 670
90, 671
88, 320 100, 010 150,956 119,016
98, 165
92, 390
85, 454
83, 100
81, 480
Facevalue...
do
' Revised.
*> Preliminary.
1 Less than $500,000.
fData beginning with 1956 are based on a new sample.
9 Includes data not shewn separately.
% Revisions for January-March 1956 will be shown later.
§ 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 represents number currently used; the change in the number does not affect the continuity of series.
3,938
807
2,104
92.48
109.8
90.45
105, 432
104, 640
104, 304
103, 350
106.9
89.41
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
June 1!>~>7
1956
April
May
June
July
August
1957
Septem- October Novem- December
ber
ber
January
February
March
April
May
FINANCE—Continued
SECURITY MARKETS— Continued
Bonds— Continued
Sales— Continued
New York Stock Exchange, exclusive of stopped
sales face value total§
thous ofdol
91,834
0
91, 834
87,154
4,676
68, 081
0
68, 081
63, 020
5,061
73, 126
0
73, 126
68, 090
5, 036
79. 790
0
79, 790
75, 647
4, 133
73, 740
0
73, 740
70, 081
3, 659
76, 880
6
76, 874
72, Oil
4,863
105, 810
29
105, 781
100, 601
5,180
124, 985
103
124, 882
120, 353
4,525
94, 060
0
94, 060
89, 458
4,590
74, 802
35
74, 767
71, 862
2.883
104,115
102, 227
1,259
107, 910
105, 656
1,609
104, 289
102, 394
1,270
108, 199
105, 942
1,612
103, 137
101,239
1,276
108,314
106, 053
1,616
101, 566
99, 703
1, 252
108, 210
105, 952
1,613
100, 588
98, 728
1, 251
107, 555
105, 295
1,615
100, 291
98, 510
1,247
107,736
105, 554
1,612
99, 382
97, 663
1,211
107, 861
105, 677
1,613
99, 022
97, 358
1,159
108, 109
105, 929
1,611
100, 951
99, 253
1,165
108, 165
105, 933
1,596
101,317
99, 503
1, 223
108,557
106, 336
1,595
101, 605
99, 784
1,228
108,769
106, 548
1,595
100, 657
98, 847
1,227
108, 845
106, 613
1, 602
3.46
3.46
3.50
3.62
3.75
3.82
3.90
3,99
4.04
3.99
3.97
3. 96
3.28
3.34
3.47
3.73
3.26
3.35
3.48
3.76
3.28
3.39
3. 52
3.80
3.43
3. 50
3.63
3.93
3.56
3.63
3.73
4.07
3.59
3. 69
3.81
4.17
3.69
3.76
3.90
4.24
3.75
3.85
3.98
4.37
3.77
3.89
4. 01
4.49
3.67
3.83
3.99
4.47
3.66
3.80
3 97
4.43
3. 67
3.79
3. 95
4.44
3.40
3.44
3.53
3.39
3.44
3.56
3.42
3.48
3.59
3. 55
3. 60
3.72
3.68
3.73
3.83
3.75
3.82
3.89
3.82
3.86
4.01
3.95
3.93
4.08
4.02
3.98
4.12
3.94
3.97
4.06
3.90
3.95
4.04
3.89
3. 94
4.06
2. 62
2.86
2.93
2. 56
2.75
2. 89
2.71
2.78
2.97
2.90
2.94
3.15
2.90
3.07
3.19
3.08
3.14
3.18
3.24
3.38
3.30
3.23
3.44
3.43
3.07
3.40
33.3
3.05
3.26
3.20
3.07
3.32
3.25
3.23
3.33
3.30
3.52
3. 39
707. 1
125. 6
248. 3
9.2
288.9
56.9
130. 1
2.1
1,623.3
109.1
1,078.3
128.7
731.8
147.9
254. 1
8.0
292. 8
64.3
122.9
3.3
1, 591. 4
105.3
1, 080. 9
117.9
749. 8
142. 6
269. 6
9.5
314. 4
79.7
127.6
6.4
2.217.4
267. 7
1, 372. 9
217.0
801.5
1 68. 5
268. 9
8.5
335. 4
103. 1
116.2
3.0
1, 670. 7
107.7
1, 129. 1
127. 5
762.3
133.4
272.0
8. 1
30(). o
62. 4
130. 6
2.6
138.8
92.9
23.6
61.3
7.4
1.2
75.8
7.2
9.4
6.2
41.0
122.8
66.0
50.4
27.0
140.5
94.7
16.6
61.7
8.3
1.2
76.3
6.5
10.3
8.0
40.9
120.3
59.9
42.3
23.9
140.5
96.1
19.3
61.9
10.3
1.2
78.0
3.4
10.7
7.4
45.3
130. 3
91.5
55. 8
36.9
141.3
90.7
37.8
77.3
8.5
1.2
80.6
7.3
18.4
5.6
42.0
119.0
74.4
45.0
26.0
140. 7
107.2
27.0
63.6
10.3
1.3
81.2
3.4
11.5
7. 0
5.27
5.76
2.32
3.89
3.36
3.87
5.28
5. 77
2.32
3.93
3.36
3.87
5.29
5.77
2.32
3.93
3.36
4.01
5. 35
5.85
2.32
3.93
3. 36
4.01
5. 35
5. 85
2. 32
3. 97
3.39
4. 01
5.36
5.86
2.32
3.97
3.39
4.01
5.39
5. 89
2.33
3. 98
3, 45
4.01
5.38
5.88
2.37
4. 05
3.45
4.01
5.39
5. 88
2.37
4.06
3.54
3.99
5.43
5.90
2.40
4. 13
3.52
3.99
5.44
5.91
2.41
4.11
3. 52
3.99
5.44
5.91
2.42
4.11
3. 52
4.00
5.44
5.91
2.43
4.09
3.57
4.00
13fl. 10
156.14
49.74
78.32
127. 77
145. 40
49. 10
72. 61
131.94
151. 11
49. 55
73.51
138. 29
J 58. 98
51. 98
74. 92
133.20
152.72
50. 36
70. 22
126.56
145.06
48.42
66. 92
127.34
146. 17
48. 46
68. 22
126. 44
1 45. 04
48.72
67.24
130.66
150. 74
48.96
67. 59
125. 90
142. 80
50. 05
65. 97
122. 54
138. 53
49. 98
62. 74
125. 14
141. 98
49.88
63. 56
130. 64
149. 42
50. 37
64. 81
3.87
3. 69
4. 66
4.97
4. 35
2.89
4.13
3. 97
4.73
5.41
4. 52
3.07
4. 01
3. 82
4. 68
5.35
4.41
3. l<->
3.87
3.68
4.46
5. 25
4.25
3. 05
4.02
3. 83
4. 61
5. 65
4.24
3. 20
4.24
4.04
4.79
5. 93
4.17
3. 34
4.23
4. 03
4.81
5.83
4.23
o 22
4.25
4.05
4.86
6.02
4. 37
3. 30
4.13
3.90
4.84
6. 01
4.41
3.28
4,31
4.13
4.80
6. 26
4.44
3.15
4.44
4.27
4. H2
6. 55
4.59
3.10
4. 35
4.16
4. 85
6.47
4.58
2.99
4. 16
3. 96
4. *2
'». 31
4.01
2.92
98, 379
200
98, 179
Other than U S Government total §
do
93,
046
Domestic
do
5, 134
Foreign
do
Value, issues listed on N. Y. S. E.:
102, 899
Market value total all issues §
mil ofdol
100, 995
Domestic
do_
1,276
Foreign
_- - do_
107, 743
Face value total all issues§
do
105, 486
Domestic
do1,613
Foreign
do
Yields:
3.41
Domestic corporate (Moody 's) _ . _
percent- By ratings:
3.24
\aa
do. .
3.30
•\a
do
3.41
/^
._
do
3.68
Baa
do
By groups:
3.37
Industrial
do
3.38
Publ ic u tility
do
3.47
Railroad
..
do
Domestic municipal:
2.76
Bond Buyer (20 bonds)
do
2.88
Standard and Poor's Corp (15 bonds)
do
3. 05
U S Treasury bonds taxable
do
90, 065
77, 758
35
77, 723
73, 933
3,783 j
.-
Stocks
Cash dividend payments publicly reported :
Total dividend payments
. - - .mil. ofdol.Finance
do
Manufacturing
. _ _ - - _ _ do_- Mining
_ _ _
do
Public utilities:
Communications
do
Electric and gas
do
Railroad
_ _
- - _._ do__
Trade
do
Miscellaneous
- _ _ _ _ do
Dividend rates, prices, yields, and earnings, common
stocks (Moody's):
Dividends per share, annual rate (200 stocks) dollars..
Industrial (125 stocks)
.
_do _
Public utility (24 stocks)
do
Railroad (25 stocks)
_
_do__
Pank (15 stocks)
do
Insurance (10 stocks)
- _do.-_
Price per share, end of month (200 stocks) 9 - ...do
Industrial (125 stocks)
do
Public utility (24 stocks)
do
Railroad (25 stocks)
___
_ _do_ _
Yield (200 stocks)
Industrial (125 stocks) __
Public utilitv (24 stocks)
Railroad (25 shocks)
Bank (15 stocks''
Insurance HO stocks)
_
_,
_
percent
_do_. .
do
do
do
do
Earnings per share (at annual rate), quarterly:
Industrial (125 stock)
dollars
Railroad (25 stocks)
do
Dividend yields, preferred stocks, 14 high-grade
(Standard and Pool's Coip )
percent
Prices:
.Dow-Jones & Co., Inc. (65 stocks)
dol. per share ..
Industrial (30 stocks)
do
Public utility (15 stocks)
do
Railroad (20 stocks) _
. __
do
Standard and Poor's Corporation:!
Industrial, public utilitv, and railroad:^1
Combined index (500 stocks)
1 941-43 = 10. .
Industrial, total (425 stocks) 9
do
Capital goods (129 stocks) ..
do
Consumers' goods (196 stocks)
do
Public utilitv (50 stocks)
do
Railroad (25 stocks) - _._
do
Banks N Y C (14 stocks)
do
Fire insurance (17 stocks)
do
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
nn'l ofdol
Shares sold
thousands
On New York Stock Exchange:
Market value
.
mil. ofdol
Shares sold
thousands
Exclusive of odd lot and stopped sales (N. Y.
Times)
__
.
thousandsShares listed, New York Stock Exchange:
Market value all listed shares
mil. ofdol
Number of shares listed
millions
r
10. 50
3 32
1 1 . 45
3 35
9. 91
8 70
3 35
8. 05
9. 06
4. 15
4. 22
4. 17
4. 16
4. 24
4. 39
4.42
4. 56
4. 153
4.51
180. 80
511.04
06. 20
172.87
177.74
495. 20
65. 69
173.33
173. 76
485. 33
GO. 24
165. 97
180. 77
509. 76
69. 70
168. 35
180.38
511.69
70. 00
165. 00
173.96
495. 01
67. 67
157.98
171.12
483. SO
66. 08
158. 96
1 69. 73
479. 34
66. 71
155.81
172.41
492. 01
67. 61
154. 41
171.73
4*5. 90
69. 73
152. 75
48. 05
51. 38
49.82
35. 13
32.50
36.12
46. 54
49. 64
48.33
33.90
31.81
35.83
46.27
49. 38
47.93
33. 95
31.93
34.22
48. 78
52. 27
50. 87
35. 4S
33. 01
34.63
48.49
51.89
51.44
35. 53
33.93
33. 72
46.84
50.15
49. 59
34. 84
32.29
31.98
46. 24
49. 52
48. 63
34.41
31.67
32.22
45. 76
48.92
48.27
33. 60
31.82
31.73
46.44
49. 79
49. 59
33.38
31.70
31. 75
45. 43
48.43
48.48
32. 62
32.32
31. 36
29. 70
27.80
27. 26
27. 61
27. 55
25.91
25.97
25. 95
25. 17
25. 86
3, 453
119,218
3,342
111,969
2,519
87, 930
2.883
101, 691
3, 155
97, 039
2,436
81,802
2,619
89, 935
2,797
89, 818
2, 642
96, 157
2,913
73, 888
2,820
73, 774
2,140
60, 213
2,434
68, 752
2, 670
61. 630
2,064
54, 661
2,247
62, 299
2,404
61, 537
2,272
64, 816
54, 106
53, 230
37, 201
45,712
44, 532
37, 227
40, 342
43, 550
211,896
4,123
218, 579
4,260
229. 423
4,314
221, 160
4,333
224, 682
4,075
210, 015
4,380
211,627
4,402
211, 412
4, 420
4.47
1
4. 40
165. 68
167. 16
466. 84
472. 78
70.44 1 71. 09
143. 02
143. 12
4.47
4. 53
170.86 1
4S5. 42 '
72.02
145. 83
175.04
500 83
73. 91
14(\ 64
44.03
46. 86
46. 56
32.08
32. 45
29. 37
19 50
27. 80
45. 05
48.06
48 26
32.67
29. 78
33.03
i() 4Q
28.38
40. 78
50. 10
50. 1]
33. 64
34. 03
30. 42
19 4°
28. 31
3, 035
113,712
2,330
2,060
115,443 '96,133
2, 680
108, 512
2,589
77, 245
1,997
1,720
87, 467 ! 67, 115
2,267
73. 000
46, 422
48, 161
37, 575 ; 35, 652
48. 310
219, 176
4,462
211,997
4,489
207.719 i 212,329
4,556 : 4, 570
221, 595
4, 587
43. 47
46.10
46. 43
31. 55
32. 29
29.59
!
!
!
j
'
26.70 i
52. 559
Revised.
p Preliminary.
§ Sales and value figures include bonds of the International Bank for Reconstruction and Development not shown separately; these bonds are included in computing the average price of
all listed bonds shown on p. S-19.
9 Includes data not shown separately.
jRevised series, reflecting expanded coverage (effective March 1,1957) and use of new base period; index level now approximates average price level of all stocks listed on N. Y. Stock Exchange. For back record, 500-stocks series has been linked to former 90-composite; back indexes will be published later.
c^Number of stocks represents number currently used; the change in the number does not affect the continuity of series.
SURVEY OF CURRENT BUSINESS
June 1957
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-21
1956
April
May
June
July
August
1957
Septem- October Novem- December
ber
ber
January
February
March
April
May
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
BALANCE OF PAYMENTS (QUARTERLY) }
Exports of goods and services, total
mil. of dol
Military transfers under grants net
do
Merchandise, adjusted, excluding military transactions©
mil. of dol
Income on investments abroad
do
Other services and m^itary transactions
do
- 7, 045
1,093
' 6, 135
-437
- 6, 938
- 417
7 214
596
- 4, 412
'644
-896
<• 4, 096
-669
-933
- 4, 859
-746
-916
5 067
653
898
Imports of goods and services, total
Merchandise adjusted Oc^
Income on foreign investments in U S.
Military expenditures
Other services cf
- 5, 043
- 3, 172
146
-830
-895
-r 5, 069
3 154
- 155
-653
r
1,107
- 4, 843
- 3 211
- 163
-685
-784
5,033
3 292
'l53
841
747
do
do
do
do
do
Balance on goods and services
do
r +2, 002
- +1, 066
- +2, 095
+2 181
Unilateral transfers (net) total
Private
Government
do
, do _
do
- -1, 709
- -120
- -1, 589
- -954
- -127
- -827
r —I 049
- -132
- -917
—1 167
-152
—1 015
U S long- and short-term capital (net) total
Private
Government
do
do
do
- -891
- -683
- -208
- 985
- -801
- -184
-- 1,180
--1,079
- —101
— 1 049
—799
250
Foreign long- and short-term capital (net)
Gold sales [purchases ( — )]
do
do
- +548
-103
- +153
r
+825
- -164
- +212
- 162
- —27
- +323
+11
—348
+372
FOREIGN TRADE
Indexes
Exports of U. S. merchandise^
Quantity
Value
_
Unit value
Imports for consumption^
Quantity
Value
Unit value
__ Agricultural products, quantity:
Exports, U. S. merchandise, total:
Unadjusted
Seasonally adjusted
Total, excluding cotton:
Unadjusted
Seasonally adjusted
Imports for consumption:
Unadjusted
Season all v adjusted
291
615
212
332
698
210
325
688
212
312
660
211
298
623
209
293
620
212
321
676
211
291
619
213
379
812
214
312
682
219
298
653
219
396
872
220
165
477
289
181
523
288
175
502
287
177
509
288
178
508
286
169
486
288
191
549
288
169
488
289
176
509
289
186
542
292
166
489
294
185
548
296
97
92
98
101
100
106
110
109
98
104
99
101
96
96
84
87
94
93
109
- 107
-98
97
105
94
thous of long tons
do
9,678
10,658
11, 241
13, 177
11,919
12,813
11,185
12, 436
1 2, 676
13, 866
11, 738
1 2, 361
12 497
13, 832
12 398
11, 204
13 581
10, 750
Exports (mdse.), including reexports, total^ mil. of dol
By geographic regions:A
Africa
thous, of dol
A^in and Oceania
do
1,511.7
1,714.4
1, 690. 2
1,620.0
1,529.0
1,523.0
1,659.1
1, 519. 5
1, 993. 1
1, 674. 9
1, 605. 3
2 142 7
1 862 2
56. 912
230, 607
399, 579
64, 252
254, 306
446 747
53, 526
249, 362
429 304
49, 199
239, 871
339 654
48, 815
234, 575
403 8^3
46, 926
225, 782
461 759
44, 538
278, 174
458 740
33, 519
231, 684
411 721
55, 927
364, 154
670 328
54, 422
304 799
538 243
42, 480
287 206
488 099
71,213
393 636
650 580
69, 745
339 398
513 784
Northern North America
do_ . 352, 934
161, 261
Southern North America
_
do
142,489
South America
do
Bv lending countries:A
Africa:
10, 230
Fcrvpt
do
20, 409
Union of South Africa
do
Asia and Oceania:
Australia, including New Guinea- ._ . ..do. . 12.296
4,122
British Malava
do
0
China, including Manchuria
do
30, 807
India and Pakistan
do
67, 571
Japan
do
8,836
Indonesia
do
26, 450
Republic of the Philippines
do
Europe:
39, 157
France
do
51
Fast Germany . _
_
do
54, 422
West Germany
do
37, 165
Italy
do
347
Union of Soviet Socialist Republics
do
67, 913
United Kingdom
do
North and South America:
352, 914
Canada
do
375, 335
164, 098
150,928
350, 282
171, 641
173, 784
307, 640
145, 957
152, 706
310, 368
158,014
167, 982
312, 615
150, 038
161, 394
368, 712
172, 284
168,972
355, 538
172, 187
150, 621
320, 302
200, 869
199, 789
302, 387
167, 488
169,916
311, 997
164, 886
140 040
360, 204
212, 133
249, 248
371, 532
191, 130
217, 265
11, 486
22, 552
7, 865
22, 680
6, 578
18, 476
3,304
19, 785
4,759
19, 313
2, 603
18, 798
1,017
14, 773
2,376
24, 615
2,140
21,912
4 536
16 803
4,248
29 653
2 662
22 915
12, 603
4,936
0
30, 067
79, 938
10,788
27, 135
13, 395
3 841
0
34, 521
73, 729
8, 457
28, 075
13, 082
2, 761
0
33, 743
67, 055
11,929
24, 445
11,475
3 717
0
36, 063
71, 198
14 173
25, 263
19, 373
4 169
0
25, 996
65, 087
14 931
27, 396
18, 837
3 548
0
34, 206
98 606
15 820
28, 931
15, 188
2 663
0
30, 350
91, 596
12 503
24, 363
20, 461
4 720
0
63, 822
119 392
19 141
31. 467
13, 751
4 057
2
48 415
113 920
12 472
25 100
10, 808
2 889
4
46 999
110 453
7 207
?6 702
20, 854
4 020
0
59 717
131 009
13 944
42 496
13. 003
3 925
53, 823
126 494
11 390
32 410
52, 426
39
70, 409
41, 489
379
67, 030
53, 263
47
63, 948
33, 934
601
63, 754
44, 665
113
49, 873
33, 504
285
50, 674
48 237
0
62, 289
39, 247
49
03, 243
49, 072
0
67, 721
63,175
123
88, 031
47 686
64
71,135
51 444
66
92, 686
40, 476
96
66, 948
34 896
14
87,717
66 861
0
111,679
66 151
585
121,991
63 521
32
82, 043
54 247
53
104 769
55 633
6
81 430
64 389
93 679
73 861
4
96, 815
80 065
78
123, 844
55 162
96
81 193
57 890
112
88, 171
375, 330
350, 274
307, 635
310, 360
312, 614
368, 710
355, 532
320, 300
302 379
311 986
360, 202
371, 509
288, 176
14. 550
18,420
9,371
297, 319
14, 142
20, 205
10 407
328, 062
19,613
24, 037
12 078
281. 730
19 251
25, 195
13 633
308, 773
21 328
28, 107
13 895
293,
16
25,
18
323, 158
16 747
25, 208
16 498
302, 829
17 138
21, 33S
15 105
372, 060
26 607
29, 748
18 580
316,
21
26
16
730 - 286, 198
21 054
248
179
23 795
355
10 479
433, 782
33 863
37, 253
22 598
381,
31
43
16
1936-38=100
do
do
- -- do
do
do. -
-
1924-29—100
do
do
do
do
do
0)
0)
0)
0)
Shipping Weight
Water-borne
trade:
Fxport Q incl reexports §
General imports
Value t
Latin American Republics, total 9
Argentina
Brazil
. _
._ .
Chile
do
do
do
do
713
712
678
320
'no
o
539
576
376
485
25, 999
26, 587
33, 217
25, 848
31, 638
26, 649
15 143
24 850
20 590
12 669
15 568
Colombia
do
14 171
10 957
41, 101
41, 667
33, 439
40, 062
38, 929
42, 492
40, 956
Cuba
-.
_ ...
_
do 63, 741
56. 161
47, 659
50 273
47 966
46 251
65, 932
72, 360
78, 932
71, 881
74 099
80 532
73 575
60, 073
68, 461
Mexico
do
80 267
67 040
74 017
70 435
50, 055
50, 892
45, 701
51 , 888
55, 166
57, 294
Venezuela
do _ 50, 602
77, 829
58. 365
91, 175
79, 698
64. 918
53, 627
l
- Revised.
*> Preliminary.
Revised indexes will be published later.
{Revisions for 1953, 1954, 1955 (1st quarter), and 1956 (1st quarter) for balance of payments and for January 1954-January 1956 for foreign trade will be shown later.
©Adjusted for balance-of-payments purposes, mainly for valuation, coverage, and timing.
cf Excludes military expenditures.
§ Excludes "special category" shipments and all commodities exported under foreign-aid programs as Department of Defense controlled cargo.
^ Data 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.): April 1956-April 1957, respectively—112.3; 194.7; 205.4; 350.6; 157.9; 107.1; 110.5; 119.8; 122.7; 97.1; 121.4; 129.4; 83.7.
AExcludes "special category" shipments.
9 Includes countries not shown separately.
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
June 1957
1956
April
May
June
July
August
1957
Septem- October Novem- December
ber
ber
January
February
March
AA pril
2, 126. 0
1, 845. 8
May
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value + — Continued
1, 499. 2
1, 700. 2 1, 676. 5 1, 608. 8
1,518.8
1,511.2
1, 647. 0 1, 508. 4
1, 979. 1
1, 662. 3
1, 591. 2
184, 014
109, 028
85, 594
218, 506
902, 042
196. 888 185.314 148, 133
133. 247 133, 951 110,944
106, 576 111,880
97, 608
236, 602 237. 242 198, 333
1,026,924 1,008,077 1,053,804
212, 206
113. 192
104, 836
204, 498
884, 084
256, 569
95, 662
104, 745
231, 959
822, 228
280, 105
118,627
120, 614
241, 276
886, 373
262, 093 357, 184
107, 921 134, 717
90, 035 141, 373
220, 363 323, 758
827, 969 1,022,087
279, 351
118,011
102, 535
289, 000
873, 437
267, 979 320, 680 273 986
116,897 129, 738 124, 089
93, 448 134, 272 101, 232
284, 363 364, 593 310, 685
828, 481 1,176,694 1, 035, 782
312. 408
59, 539
28, 482
103, 876
27, 900
24, 325
359, 342
57, 417
36, 075
123, 102
26, 558
27, 659
352, 298
40, 342
36, 992
128, 123
23. 537
25. 430
277, 429
19, 918
30, 197
112,286
22, 392
21,519
333, 134
65, 726
26, 754
124, 262
21. 661
29, 531
366, 922
80, 923
30, 400
97, 927
23, 386
61, 930
426, 854
92, 207
40, 678
121, 933
25, 266
52, 640
355, 754
83, 202
32, 832
103, 335
20, 747
32, 055
541, 627
144, 303
31, 879
156, 046
34, 551
45, 608
421, 819
122, 598
24, 532
123, 143
33, 486
25, 806
393, 978
122,814
23, 368
126, 838
25, 731
23. 289
466, 442
120, 109
27, 278
149, 203
36, 069
27, 464
385, 548
92,218
29, 089
134. 870
28, 447
25, 114
Nonagricultural products, total©
mil. of dol- - 1, 186. 8
Automobiles, parts, and accessories
132, 940
thous. of dol
105, 188
Chemicals and related products §.
do
54, 236
Coal and related fuels
- - do
92, 446
Iron and steel-mill products
do
1, 340. 9
1, 324. 1
1,331.4
1, 185. 7
1, 144. 2
1, 220. 1
1, 152. 6
1, 437. 5
1, 240. 5 1, 197. 2
1, 659 5
1, 460. 2
134,331
107, 386
60, 768
99, 069
125. 723
114, 765
69, 420
90, 209
127, 211
103, 409
68, 303
66, 123
110, 473
105, 319
80, 687
60. 697
96, 430
108, 603
73, 710
86, 021
104, 495
99, 818
74, 961
105,814
110,282
86, 343
69, 761
94, 433
152, 616
117,111
61, 957
120, 178
125, 696
102, 782
55, 448
110, 100
101,850
99,112
55, 882
104, 153
161, 130
139,011
70, 961
146, 351
142, 987
124, 250
79, 561
131, 680
322, 015
12, 690
37, 984
79, 492
19, 388
158, 551
353, 952
12, 808
40, 680
92, 244
22, 426
172, 081
344, 369
12, 089
32, 985
92, 957
21,114
171,730
365, 012
11, 564
28, 745
136, 193
17,229
159,309
304, 691
10, 065
31, 169
79, 139
16, 808
155, 818
290. 616
8,623
26, 929
75, 666
18, 840
148, 766
326, 476
10, 616
32, 745
80, 258
19, 654
171,085
272, 652
6,750
25, 118
70, 485
20, 552
137, 858
348, 578
7,373
31, 587
86, 884
25, 167
182, 546
300, 191
9,001
29, 973
69, 295
19, 729
157, 833
279, 855
11,625
29, 602
67, 374
16, 707
142, 451
424, 178
15, 752
48, 127
91,619
30, 805
221, 127
371, 634
17, 068
37, 477
84, 636
30, 227
187, 222
54, 516
51,602
54, 341
51,855
52, 001
53, 512
57, 380
41, 845
58, 576
51, 520
57, 994
52, 232
59, 764
58, 009
91, 136
48, 658
126, 407
62, 839
108, 426
50, 925
112, 550
49, 930
142, 222
73, 274
106, 765
59, 497
1, 117. o
Exports of U. S. merchandise, totalj
mil. of doLBy economic classes.'cf
Crude materials
thous of dol
Crude foodstuffs
- do .
Manufactured foodstuffs and beverages 9
do
Semimanufactures 9
- -d°
Finished manufactures 9
do
By principal commodities:
Agricultural products, tota!0
do
Cotton, unmanufactured
_
do
Fruits vegetables, and preparations
do _
Grains and preparations
- _ _ - - -. do
Packing-house products
do _
Tobacco and manufactures
do
Machinery, total§©
Agricultural
_
Tractors, parts, and accessories
Electrical
Metalworking§
Other industrial
Petroleum and products
Textiles and manufactures
do
do_ do
do
- - do
do
do
do
General imports, total
__.mil. of doL
By geographic regions:
Africa
thous. of dol
Asia and Oceania
do
Europe
do
Northern North America
do
Southern North America
do
South America
do
By leading countries:
Africa:
Egypt
do
Union of South Africa
do
Asia and Oceania:
Australia including New Guinea
do
British Malaya
do
China including Manchuria
do
India and Pakistan
do
Japan
do
Indonesia
do
Republic of the Philippines
do
Europe:
France
do
East Germany
do
"West Germany
do
Italy
do
Union of Soviet Socialist Republics
do
United Kingdom
do
North and South America:
Canada
do
Latin American Republics total©
Argentina
Brazil
Chile
_
Colombia
Cuba
Venezuela
do
do
do
do
do
do
do
Imports for consumption total
mil of dol
By economic classes:
Crude materials
thous of dol
Crude foodstuffs
do
Manufactured foodstuffs and beverages
do
Semimanufactures
do
Finished manufactures
do
By principal commodities:
Agricultural products total©
do
Cocoa or cacao beans, incl shells
do
Coffee
do
Hides and skins
do
Rubber crude including guayule
do
Sugar
do
Wool and mohair, unmanufactured .
. do
Nonagricultural products, total©
do
Furs and manufactures
do
Nonferrous ores, metals, and manufactures, total
thous. of dol
Copper incl ore and manufactures
do
Tin, including ore
. _ __
_do
Paper base stocks
do
Newsprint
__ - - - _
- - do
Petroleum and products
do
T
991.1
1, 093. 6
1, 033. 4
1, 050. 7
1, 050. 6
992.8
1,115.5
984.3
1,051.3
1,118.5
' 992. 3
1,130.3
53, 411
177, 045
228, 572
224, 174
122. 308
185, 549
51. 984
193, 752
254, 269
256, 027
127, 697
209, 889
46, 695
180. 506
229, 741
243, 915
119,736
212, 807
48, 865
181,012
239. 594
243, 541
116,923
220, 722
47, 251
192, 964
232, 730
267, 495
110, 786
199, 323
46, 129
162, 580
223, 866
232, 660
95, 969
231, 573
46, 898
205, 159
287, 660
276, 472
100, 719
198, 600
38, 052
152, 871
264, 169
250, 184
94, 564
184, 461
51, 667
169, 642
272, 146
237, 254
113, 715
206, 836
57, 078
185, 055
268, 256
213, 917
147, 958
246, 242
46,112
147, 469
214, 288
216, 662
139,672
228, 059
71, 565
178, 256
278, 316
234, 123
145, 575
222, 439
842
6,424
1,068
11,441
919
7.953
414
7,960
729
13, 075
449
8,442
425
7,068
438
8,698
2,651
11, 447
1,982
9,803
1. 575
6,086
1,470
11, 358
3,751
17, 583
193
21, 096
44, 276
15, 004
19, 896
18, 672
14, 720
130
21, 002
48, 222
14, 308
23, 880
12, 626
14, 532
104
18, 860
43, 850
13, 895
28, 773
14, 470
16, 346
604
18, 056
46, 622
11,311
21, 493
7,103
16, 706
1,700
21, 802
58, 618
12, 186
24, 222
11,047
13, 592
599
17, 514
44, 385
13, 237
19, 059
13, 826
21, 095
1,132
23, 720
56, 005
15, 782
19, 335
6,841
21, 966
138
13, 049
45, 055
17, 439
16, 254
15,428
19, 958
556
18, 944
44, 039
18, 428
12, 358
16, 940
16, 064
671
24, 798
47, 556
16, 584
28, 904
14, 486
12, 748
1,644
15, 426
38, 683
13, 836
21, 489
11, 565
16, 600
922
25, 736
46, 635
14, 634
29,009
19, 292
203
39, 550
15, 929
2,138
51, 619
19, 837
255
42, 047
17, 082
3,428
69, 567
17, 549
174
34, 098
14, 810
1,510
63, 952
20, 093
548
40, 467
16, 706
2,171
58, 733
20, 914
372
42, 033
18, 401
1,921
57, 563
14, 984
631
37, 708
16, 703
855
58, 931
22, 903
419
50, 720
24, 966
3,751
72, 002
21, 284
429
44, 169
19, 434
2,936
62, 043
19, 304
315
50, 095
24, 235
1,127
65, 631
25, 019
455
41, 220
21, 936
1,018
58, 078
17, 362
601
40, 906
16, 307
1, 943
49, 882
21, 939
493
52, 124
20, 927
566
71, 687
224, 137
255, 994
243, 676
243, 506
267, 395
232, 660
276, 204
249, 943
237, 220
213, 798
216, 626
234, 086
285, 376
12, 364
42, 261
24, 183
26, 759
44, 565
34, 594
53, 484
310, 059
9,650
64, 674
21, 806
32, 379
48, 524
35, 950
58, 536
306, 757
9,730
58, 425
23, 632
44, 649
43, 439
30, 399
56, 532
315, 509
9,321
75, 205
16, 430
36, 146
40, 632
32, 391
59, 721
284, 754
11, 556
59, 090
16, 865
32, 066
46, 995
25, 929
55, 816
304, 482
7,717
79, 241
19, 295
40, 412
36, 493
28, 582
56, 704
268, 906
9, 140
59, 701
20, 744
23, 991
31, 328
25, 993
59, 664
254, 393
6,714
47, 909
15, 536
25, 339
18, 664
29, 410
67, 886
294, 445
9,004
53, 690
29, 276
29, 702
21, 366
33, 926
64, 340
363, 851
13, 106
73, 391
21, 772
35, 286
41, 550
43, 930
79, 514
334, 064
11, 532
78, 437
15,076
35,517
35, 161
39, 927
68, 929
331, %7
14, 532
63, 476
17, 123
25, 460
45, 530
37, 193
80, 353
977.7
1, 072. 9
1, 028. 7
1, 044. 9 1, 042. 7
996.3
1, 126. 4
1, 001. 0
1, 044. 1
1,110.9
1, 002. 1
1, 124. 9
245, 026
144, 605
101, 054
237, 117
249, 945
264, 829
162, 105
105, 752
256, 983
283, 260
245, 503
175, 170
105, 562
244, 461
257, 995
248, 139
190, 195
100, 029
235, 889
270, 676
262, 475
146, 388
107, 490
247, 528
278, 847
244, 036
181, 028
91, 735
229, 690
249, 852
279, 927
143, 384
100, 869
281, 790
320, 467
236, 442
131, 537
79, 536
259, 861
293, 666
252, 885
167, 615
82, 201
268, 133
273, 266
259, 576
200, 433
102, 948
263, 812
284, 106
228, 295
207, 466
88, 288
230, 715
247, 370
264, 568
177, 038
113, 535
266, 217
303, 496
317, 529
12, 437
92, 306
6,708
38, 403
39, 020
21, 567
333, 005
15, 872
107, 882
7,760
27, 373
40, 156
22, 829
326, 171
11, 568
125, 715
6,729
23, 108
44, 179
16, 974
340, 049
10, 803
140, 703
4,928
24, 831
42, 684
18, 307
304, 479
8,173
99, 704
6,494
22, 981
46, 591
19, 276
320, 486
6,748
139, 282
3,308
25, 661
37, 461
14, 398
289, 045
6,414
98, 906
4,356
32, 653
26, 694
17, 328
256, 906
6,103
93, 869
3,307
30, 394
14, 861
13, 989
308, 261
11,516
115, 785
3, 866
36, 247
18, 587
15, 258
377, 609
20, 189
141, 758
4,242
29,616
44, 067
25, 016
355, 723
9, 405
163, 351
3.590
25, 095
38, 603
23, 474
356, 870
14, 256
119,833
5, 342
27, 963
45, 115
23, 322
660, 219
7,654
739, 924
7,547
702, 522
7,176
704, 879
5, 694
738, 248
4,939
675, 856
4,553
837, 392
6,527
744, 137
3,218
735, 838
11, 555
733, 266
10, 523
646, 412
8 796
767, 984
9, 125
121,019
48, 276
12, 954
24, 214
53, 804
96, 151
124, 603
47, 007
12, 314
29, 087
61, 660
107, 840
122, 581
52, 265
11,031
29, 221
57, 165
102, 986
107, 091
38, 977
11,599
30, 298
59, 947
110, 145
119,800
41, 580
12, 906
31, 910
60, 289
104, 772
113,205
36, 074
13, 053
27, 759
52, 400
104, 179
135, 718
47, 177
16, 800
32, 221
62, 913
121, 499
115, 184
31, 061
15, 568
28, 314
59, 852
104, 435
136, 845
45,968
14, 548
25, 566
56, 915
108, 021
129, 739
47, 533
10, 830
25, 745
55, 072
125, 022
104, 519
37, 246
8,956
27, 351
52, 936
113, 908
125, 644
40, 007
11, 531
26, 013
53, 689
130, 670
1, 086. 6
Revised.
*> Preliminary.
t Revisions for January 1954-January 1956 will be shown later.
^ See similar note on p. S-21.
cf Data for January-June 1956 are based on classifications in Schedule G and are not entirely comparable with other months.
9Data for semimanufactures reported as "special category, type 1" are included with finished manufactures. Effective with the October 1956 SURVEY, private relief shipments of food
products are included under manufactured foodstuffs rather than under finished manufactures, where they had been reported through 1955.
©Includes data not shown separately.
§Excludes "special category, type 1" exports.
me 1057
SURVEY OF CURRENT BUSINESS
iless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-23
1956
April
May
June
July
August
1957
Septem- October Novem- December
ber
ber
January
February
March
April
May
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines
perations on scheduled airlines :§
Miles flown, revenue
Express and freight ton-miles flown_
Mail, ton-miles flown
_ _
Passengers carried revenue
Passenger-miles flown, revenue
50, 204
16, 702
7,216
3,172
1,787
52, 625
18, 560
7,742
3,230
1,782
52, 823
19, 083
7,179
3, 536
2,085
54, 891
18, 069
6,810
3,097
1,878
55, 582
22, 256
7, 408
3,392
2, 007
53, 368
22, 747
7,018
3,301
1,902
55, 165
25, 111
7,892
3 421
1,879
54, 232
51 671
23, 344
22 803
10 482
7 522
3 040 T 2 916
l' 656
1 765
56 255
20 431
7 866
3 045
1 896
51 685
18 272
7 397
2 808
1 702
59 225
20 930
8 243
3 327
2 006
31, 657
11, 742
32, 137
11, 756
32, 425
12, 360
30, 094
10, 664
33, 134
13, 508
32 038
11,354
37 797
16, 415
34 427
12 262
41 024
15 393
31 391
9 758
30 125
9 019
33 445
11 823
15.0
736
119.3
15.0
776
123.6
15.0
708
114.7
15.0
653
111.0
15 1
681
115.0
15 1
685
106.4
15 2
772
123 3
15 2
735
120 6
15 4
739
124 4
15 5
728
119 3
15 6
668
110 6
15 7
732
117 6
15 7
730
2 616
' 521
55
154
202
21
83
217
1 364
3 446
691
66
203
264
28
119
290
1 784
2 696
525
49
157
192
22
151
225
1 375
2 ggg
' 532
45
159
191
23
321
220
1 396
120
114
166
131
148
40
82
37
134
117
108
153
127
135
40
142
35
130
122
110
142
129
134
40
290
35
131
131
107
126
130
123
127
Total, seasonally adjusted
do
128
130
133
127
128
130
120
111
114
87
107
113
Coal „_
do _
120
120
112
114
114
122
109
108
167
170
57
158
157
123
Coke
_
do
162
158
163
165
166
156
163
145
151
145
149
152
140
Forest products
_
_ _
do
142
138
143
127
131
143
134
157
163
149
167
Grain and grain products_ _
do
138
143
159
152
147
160
147
150
153
59
52
58
58
69
71
Livestock
do
67
48
51
46
61
45
47
r Igg
208
208
196
49
149
Ore
__ _
_ _ _
do
208
215
354
290
283
307
215
38
38
38
36
38
38
Merchandise, 1. c. 1
do
38
35
35
36
36
35
37
146
143
138
120
139
Miscellaneous.
_
_ .
-do _
134
143
137
142
141
138
132
138
Freight-car surplus and shortage, daily average:©
4,477
6,910
7,663
24, 806
4,715
14, 386
3 763
Car surplus, total 9
number
8 329
6 637
6 428
13 331
4 228
8 553
2 331
27
366
2,172
2,577
3,767
446
3 218
Boxcars
do
1 052
3 274
5 776
1 104
3 132
165
40
27
0
17, 683
7, 519
148
Gondolas and open hoppers
do
191
374
543
326
24
388
5,674
4,014
6,686
6,999
12, 371
6,882
15, 883
Car shortage, total 9do
3,507
2 406
1 851
1 646
7 844
1 203
349
3,797
2,642
2,966
3,557
Boxcars_ .
do
4,316
2,905
6,085
1 024
1 272
1 118
2 355
551
1,430
7,604
2,929
3,490
735
3, 561
9, 174
Gondolas and open hoppers.
do
2 408
989
619
976
5 345
694
Financial operations:©
874. 9
877. 9
925.4
807.6
900. 5
907.3
Operating revenues, total 9 - mil. of dol
963 2
903 6
815 5
871 0
855 6
887 6
886 1
749.2
745.2
759.8
670.7
795.0
764.7
Freight.
_ _ _ _ _
d o
776 9
720 6
828 0
724 9
695 9
758 8
758 8
60.1
59.3
69.1
72.2
57.8
70.9
Passenger
_
do
58 0
71 3
56 5
65 8
57 6
57 4
59 7
671.0
686.4
657.9
701.6
654.4
679.7
Operating expenses
do
699 4
643 3
690 1
689 3
687 1
688 6
Tax accruals, joint facility and equipment rents
112.7
119.1
91.8
121.3
119.5
124.0
mil. of dol .
142.1
106.4
123.6
108.7
95.9
112.7
94.2
97.4
95.0
61. 4
102.5
103.6
Net railway operating income..
do
85 8
121 7
89 9
65 7
58 3
87 8
81 2
77.2
43.3
73.7
77.6
85.8
86.7
Net income t
do
95 4
103 1
71 2
47 0
68 1
43 1
Operating results:©
55, 414
56, 373
48, 304
58, 648
57, 606
Freight carried 1 mile
_ mil. of ton-miles
57, 350
49 405
54. 108
55 291
60, 730
56 977
51 591
1. 439
1.400
1.404
1.392
Revenue per ton-mile
_
cents
1.342
1.380
1 368
1.396
1 407
1 448
1 452
2 347
2,584
2,792
2,215
2,121
2 241
2,745
Passengers carried 1 mile, revenue .
millions
1 981
2 094
2 047
2 601
Waterway Traffic
Clearances, vessels in foreign trade:
11,453
13,347
13, 288
14, 476
13, 388
13. 030
Total U. S. ports
thous. of net tons
13, 826
12 620
12 467
8,403
9,922
9,989
9,644
10, 788
9,767
Foreign vessels __ _ _
do
10, 552
9,888
9 715
3,050
3,041
3, 425
3, 688
3,644
3,621
United States vessels
do
3,274
2 732
2 752
Panama Canal:
4 397
3,814
3,871
3,874
3,559
4,045
3,576
Total
thous. of long tons
3 897
4 608
3 743
3,878
4 813
4 253
891
1,137
1,027
1,022
1,089
In United States vessels
_ __ do
1,055
1,048
930
905
1.229
1,200
975
959
r
Revised.
§Beginning January 1955, data include local service operations of one carrier.
G Revisions for January-December 1954 are available upon request.
f Data beginning 1st quarter 1955 cover large motor carriers having annual operating revenues of $1,000,000 or above.
©Beginning January 1956, data cover the revised I. C. C. list of class I railroads; i. e., carriers having annual operating revenues of $3,000,000 or more (old basis, $1,000,000 or more).
c?Data for June, September, and December 1956 and March 1957 are for 5 weeks; other months, 4 weeks.
9 Includes data not shown separately.
{Revision for March 1956, $70,300,000.
119
110
143
124
153
44
188
35
130
thousands,.
do
do
_ do _ _
millions..
Express Operations
ransportation revenues
xpress privilege pavments
thous. of dol_
do
.
Local Transit Lines
'ares average cash rate O
'assengers carried, revenue
'perating revenues
_
.cents
millions..
_ mil. ofdol
Large Motor Carriers (Intercity)
'arriers of property (quarterly totals) :f
Number of reporting carriers
_._
Operatin^ revenues, total
thous. ofdol
Expenses, total
_
do
Revenue freight carried,
thous. of tons..
Carriers of passengers, class I (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"0
Total cars
- _thousands
Coal
do
Coke
- ._ . .- -- do
Forest products
do
Grain and grain products
do
livestock
do
Ore
do
Merchandise,! c. 1
_ __
.do
Miscellaneous
do
freight carloadings (Federal Reserve indexes):®
Total unadjusted
1935-39=100 _
Coal
do
Coke
...
_ . do
Forest products
do
Grain and prain products _
do _ _ .
Livestock
do
Ore
._
do
Merchandise 1 c. 1
_ _.
do
Miscellaneous
_ ..
do...
892
883, 010
840, 256
58, 644
887
888 184
848, 788
57, 084
881
955 411
935 317
60, 661
1/51
95, 227
86, 566
71,404
147
115, 901
93, 661
74 588
149
94 415
88 359
69 084
2,971
536
52
179
196
29
203
245
1,529
3,115
551
53
184
202
26
331
242
1,526
3,862
646
62
236
293
30
432
290
1,873
2,397
396
17
178
245
27
85
218
1,230
2,916
546
34
198
225
37
234
241
1,402
3 938
700
59
228
262
60
418
304
1 908
3 284
584
49
181
227
59
349
249
1 584
2 988
563
50
166
203
44
265
230
1 468
3 392
684
65
194
246
33
168
263
1 741
2 565
528
52
155
201
24
81
200
1 324
128
111
164
145
138
52
180
39
144
132
114
168
151
143
47
298
38
145
131
107
155
155
170
44
304
37
143
110
87
55
151
179
51
78
36
121
126
113
118
159
155
67
224
38
135
138
120
156
151
154
91
313
40
150
138
120
155
146
159
103
304
39
149
132
122
166
140
147
77
224
37
144
121
114
170
127
143
46
110
34
135
117
112
171
128
147
44
72
33
130
116
109
173
128
144
38
77
35
130
16 339
8 915
204
889
134
662
SURVEY OF CURRENT BUSINESS
S-24
June 195
1956
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
May
April
July
June
August
1957
Septem- October Novem- December
ber
ber
January
February
March
7.88
71
253
8.43
73
268
7 871
76, 301
726
82, 75;
April
May
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Travel
Hotels:
8.03
Average sale per occupied room
- dollars-76
Rooms occupied
-.
percent of total
282
Restaurant sales index
same month 1929=100Foreign travel:
U S. citizens: Arrivals
-number-- 95, 512
115,267
Departures
- - do
70, 050
Aliens* Arrivals
do
43, 420
Departures
do __
Passports issued and renewed
do .. 70, 533
695
National parks, visitors
- ; thousands-.
Pullman Co.:
553
Revenue passenger-miles
millions
7,239
Passenger re v enues
-- thous. of dol._
7.33
74
294
7.99
74
286
7.48
64
240
8.37
71
273
8.17
74
268
8.58
81
278
8.39
69
257
7.53
57
241
7.91
72
262
8.07
74
270
97, 163
116, 504
71, 572
45, 758
79, 022
1,141
116, 598
169, 866
74, 695
53, 235
60,712
3,008
144,294
1 57, 539
82, 192
52, 603
54, 512
4, 706
168, 916
133, 981
86, 161
55, 472
41, 001
4,660
144, 661
101, 622
96, 130
52, 428
31, 930
2,214
110,808
90, 223
80, 991
47, 484
31, 578
1.151
88, 653
78, 796
75, 116
43, 139
24, 299
461
85, 987
90,272
69, 458
50, 458
23, 001
290
86,989
95, 826
76, 052
35, 271
39, 245
302
91,217
49, 970
364
69, 146
480
491
6,919
583
8, 243
551
7,807
561
7,941
506
7.159
508
7,238
461
6,554
521
7,397
589
8,979
524
7,989
506
7,711
508, 204
287, 980
177, 309
341, 681
67, 478
50. 346
506, 108
288, 724
173, 635
334, 396
70, 217
50, 568
504, 721
286, 352
174, 157
339, 207
67, 683
50, 819
519 153
289, 298
184, 899
345, 077
71, 485
51, 097
503, 100
290, 175
167, 680
328, 318
71,627
51, 392
528, 393
298, 202
184, 414
352, 786
72, 536
51, 722
520, 872
297, 972
176, 933
352, 456
68, 729
52, 034
536, 491
304, 385
185, 135
348, 942
78, 940
52, 475
538, 572
307, 397
184 278
353, 586
74, 122
52. 897
520, 662
303,413
170, 471
332, 369
76, 025
53, 156
18, 842
16,345
1,602
20, 288
17, 284
2, 086
20, 020
1 7, 766
1, 334
19,013
18,019
90
20, 544
18, 542
1,114
19, 565
17, 550
1, 354
21, 839
18 372
2,676
20, 250
17 879
1,713
20, 828
18 135
2,264
20, 680
18 299
1,371
19 182
16 924
1, 306
20,600
17 859
1,763
2.725
2.134
334
2,816
2 292
255
2. 854
2, 102
487
2,839
2,140
434
2, 826
2,143
440
2,760
2,106
408
2,952
2, 164
520
3, 078
2, 205
626
3,094
2, 072
728
3,034
2, 231
528
2,689
2 249
197
2,879
2 340
272
3,123
2, 459
549
3, 269
2, 509
637
3,237
2,430
688
3,177
2,440
628
3,307
2,484
705
3,044
2,384
580
3,407
2,519
823
3, 656
2 519
1,069
3, 569
2 653
814
3 591
2 641
843
3 332
2 443
791
3 501
2 567
833
290 512
92, 793
50 790
341, 125
78 875
302 504
89 275
54 253
334, 403
78 852
294 103
77' 754
53 435
291 428
75 145
733
268
658
599
957
319 825
87 443
207,745 r 209,740 -231,030
2,809
2,893
279, 192 275,711
237, 519
r
2, 802
337, 694
231, 148 * 250,040
2, 109
2,523
351, 157 380 992
242, 261
401,919
394, 497
9 049
370 731
8 871
391 9"
414, 879
9 049
r
353 9.5.5
403. 730
375? 554
379, 549
r
9 285
305 413
54, 400
3i:
63,306
i,is;
COMMUNICATIONS
Telephone carriers:
Operating revenues 9
Station revenues
Tolls message
Operating expenses, before taxes.
Net operating income
Phones in service, end of month
thous. of dol.. 497, 170
285, 273
-do
do _ 169 239
327. 381
_
-do
68, 677
do
. . thousands. . 50, 056
-
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
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:©
Ammonia, synthetic anhydrous (commercial)
short tons
Calcium carbide (commercial)
do
Carbon dioxide liquid {?as, and solid
do
Chlorine, gas
- - do_ _
Hydrochloric acid (100% HC1)
do
Nitric acid (100% HNO 3 )
do
Oxygen (high purity)
mil. of cu. ft
Phosphoric acid (50% HsPO-O
_ short tons
Sodium carbonate (soda ash), synthetic (58% NaaO)
short tons-._
Sodiuiri bichromate and chromate
do
Sodium hydroxide (100% NaOH)
do
Sodium silicate, soluble silicate glass (anhydrous)
short tons
Sodium sulfate (Glauber's salt and crude salt cake)
short tons.
Sulfuric acid:
Production (100% H2SO4)_. _ thous. of short tons
Price, wholesale, 66°, tanks, at works
dol. per short toii_
Organic chemicals:cf
Acetic acid (synthetic and natural), production
thous. of lb.
\reticanhydride, production
do
A cetvlsalicylic acid (aspirin), production _
do
Alcohol, ethyl:
Production . _ _ _ ._
thous. of proof gaL.
Stocks. end of month, total __ _ . - _
„ _.do
In industrial alcohol bonded warehouses., -do
In denaturing plants
do
Used for denaturation
_
do
Withdrawn tax-paid .
. --do _
Alcohol, denatured:
Production
„ __ --thous. of wine gaLConsumption (withdrawals)
do
Stocks, end of month
do
Creosote oil, production
._
_ ,_thous. of gaLDDT, production
thous oflb
Ethyl acetate (85%), production -do .
Ethylene glycol, production
do
Formaldehyde (37% HCHO), production
do--.
Glycerin, refined, all grades:
Production...do
Consumption
do
Stocks, end of month- ._
do
Methanol, production.
Natural
.. _ thous. of gal. .
Synthetic
do
Phthalic anhydride, production
thous. of Ib ._
306, 172
310,422
83, 128
58, 3H2
322, 428
78. 467
82, 776
74, 169
326, 726
77, 365
<"• 226, 124
2, 727
31 2, 054
r
262, 093
83, 824
92, 425
308, 928
74, 108
207,954 ' 191,350 ' 184,671
197,414
2,643
289. 747
403,414
347, 304
409, 008
10 344
327, 407
46, 827
45, 569
62, 2.58
405, 607
9, 939
361, 981
54, 728
55, 292
«
1, 383
r
73, 074
r
2, 410
443, 509
9, 954
369, 173
T
r
257, 014
81, 693
77, 232
320, 882
77, 549
263,647
2, 620
299, 338
«r 71, 851
242, 584
76, 718
94. 183
298. 799
68, 513
1,524
235, 900
'
402, 926
7 779
283, 019
2,817
322, 354
431,902
248, 384
74, 490
95, 002
255, 541
57, 777
9,444
r
63, 857
' 1, 404 r 1, 284
r
* 1, 139
205,093
272, 708
94, 472
69 307
333, 775
80 799
r
264 436
92 637
59 904
329, 457
80 754
2, 883
320, 709
10 203
354. 604
423, 408
10 057
306 521
10 115
358 153
51, 929
47, 597
00. 779
65, 837
50, 077
.55. 809
50, 780
r 07, 097
<• 72, 782
76, 418
r 75, 024
* 75, 265
r
1, 200
' 1, 287
r
r
1, 380
r
70. 057
09, 540
1, 327
' 1, 339
1,386
1 310
320
86
60
326
r
80'
350 352
360 937 _ ---
76, 249
r
1,379
'
p 22. 35
1.417
22.35
22.35
22.35
22. 35
22.35
22. 35
22.35
22.35
22.35
22. 35
22. 35
22.35
45, 006
44, 221
77, 102
1,453
46, 410
74 232
1,731
44. 480
73 797
1. 271
47, 922
72, 202
1.040
45, 692
74 808
1,003
49, 343
70 277
1, 350
46, 853
75 122
1 488
49, 737
90 378
1,018
53, 028
85 4?^
1,491
41, 227
74 946
1 512
41, 136
70 985
1 208
38, 248
33, 178
26, 475
6, 703
39. ,506
45, 901
35. 364
25, 638
40. 044
40, 613
28, 898
11 715
38, 9(50
38, 201
43, 570
30, 807
12 770
30, 092
965
574
32, 942
40, 078
30, 486
9 591
40 054
917
36, 056
33 844
25, 403
8 441
36* 240
1 307
36, 459
33, 858
25, 533
8 325
35 059
1, 098
32, 766
31 214
23, 869
7 345
33 396
35, 429
29. 418
20, 791
8 027
3o' 253 1
900
30, 006
37, 290
27, 157
10 132
38 498
1 120
30, 322
33, 337
25, 777
7 500
42' 818
858
43, 755
38, 165
25, 853
12 311
41, 375
1,033
943
925
21, 280
24, 404
24, 854
8,810
22, 346
24, 387
6, 855
20, 932
1 9, 050
8, 078
19, 770
20 930
7, 350
21, 487
19 115
9 904
20 769
20 106
10, 588
19, 588
18 881
11, 178
18 899
19 865
10, 421
23 053
9
1 140
12, 194
17 896
18 370
12, 135
10, 105
13, 712
7, 204
80 050
11,400
J
5, 370
11 927
6,736
12, 201
10 641
14,456
5,398
116.444
85 686
112, 656
10,
1)
6
89
7,978
12, 100
11 201
8 306
95 181
107.' 918
10 «78
8' 748
93 089
109, 149
8, 955
9 311
5' 702
82' 520
10s! 976
111.620
21,234
20,415
19 624
22 811
10, 874
47, 087
16, 254
48 468
19 642
1 5, 345
51 974
20 799
16,' 641
52 058
199
17,814
194
200
196
198
189
19. 054
156
T72
171
166
197
19. 386
19, 720
17, 468
20, 004
19 408
21 312
20 503
18 144
18 771
71,802
1,412
21,497
9,371
i 9,102
10, 967
6, 820
80,315
112,01)2
22, 197
16, 940
45, 184
204
19, 078
28, 271
9,726
45, 529
72 203
86, 139
9, 100
12 138
8,111
84 49.5
108, 512
130
912
909
201
11, 707
10 949
10' 171
95 494
90 119
111430
119,056
110,914
13, 914
14, 142
46, 357
20 707
15, 785
48 127
19 70-5
15, 523
48 862
20 000
10, 928
48 094
22 650
10, 103
50 618
8*285
15,276
17,029
51 018
51 634
834
r
24, 507
[
19 040 j
9Q 360 !
11, 064 !
33, 631
28 051
18, 734
9 317
35 275
730
19 047
19 880
9! 746
9,796
11 529
6 371
89 577
24, 905
22,919
24, 143
22, 090
25, 041
27, 093
27, 002
27, 242
25, 501
27, 080
' Revised.
» Preliminary.
1 Incomplete; comparable amount for March 1956 is 10,100,000 gallons, and for June 1956, 9,983,000 gallons.
9Includes data not shown separately. ©Revisions for 1954 and 1955 will be published later.
cfData (except for alcohol) are reported on basis of 100-percent content of the specified material unless otherwise indicated.
o Revisions for January-March 1956 (units as above): Nitric acid—235,215; 228,007; 249,128; sodium sulfate—77,057; 68,801;
68,
70,782; sulfuric acid—1,457; 1,369; 1,457.
327 920
75 232
°1 556
16, 026
54 348
-
SUEVEY OF CURKENT BUSINESS
June 1057
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-25
1957
1956
April
May
June
July
DecemOctober NovemAugust September
ber
ber
January
February
March
April 1
!
May
CHEMICALS AND ALLIED PRODUCTS—Continued
FERTILIZERS
Consumption (10 States)©.
Exports total?
Ni^ro^epou^ materials
Phosphate materials 9
Potash materials
thous. of short tons__
short tons
do
do
do
1. 692
416,569
79 ^13
274 207
45, 726
1.166
545,313
12S 552
372,716
34, 375
656
458 626
92 909
336, 710
16,400
237
613,473
6() 233
509, 481
29, 828
187
470, 576
71 239
339, SS5
47, 438
246
382, 821
55 303
294,718
18,229
490,
78
350,
48,
422
565
341
392
759
461
380, 619
52 707
279 727
39^ 574
368
368. 561
<)i 02<>
226, 041
35. 031
384
391,541
68 610
2f>4, 038
42. 660
711
400 633
91 201
259, 695
23, 146
1, 307
572 080
136 5"*0
331, 222
66. 979
Imports total P
do
Nitrogenous 'materials, total Q_
_ do _
N i * ro I e of soda 9
- do _
Phosphate materials
do
Potash materials
- do
Price, wholesale, nitrate of soda, crude, f. o. b. cars,
port warehouses,
___
dol. per short ton__
266, 838
195, 624
80 688
8 538
19, 991
179,343
110,427
48. 581
9 836
7, 344
132, 140
84, 001
53, 620
15 564
3,893
70, 690
42, 309
6, 21 2
7 369
6,099
129 891
67, 116
0
14, 522
24, 081
143, 919
70, 105
0
18 311
32, 946
146, 060
86, 597
8. 859
12 769
23, 233
238. 657
184,358
83 707
3 080
37 214
158.937
78 702
10 218
39' 842
167 168
113.043
30 483
7 336
20' 606
203
101
21
9
53'
211
115
23
Y>
32
51. 25
51. 25
51. 25
51.25
49. 50
49.50
49. 50
49.50
49. 50
49. 50
p 49. 50
Potash deliveries
short tons
Superphosphate (100% available phosphoric acid):
Production
short tons..
Stocks, end of month
.
___do .
257 348
144 256
60 904
92 399
124, 323
139 283
147 407
160 260
179 599
162 814
183 140
266 028
26Q 417
241, 236
292. 981
222, 820
320, 768
1 69, 418
388, 630
136, 584
405, 765
143, 146
407, 485
170, 533
393, 805
207, 107
392, 967
208, 612
400, 995
208,016
414, 743
219, 855
414, 922
216, 022
418, 947
229, 529
322, 033
224, 997
234 994
451
77, 634
238
84, 290
572
82, 831
389
70, 574
448
82, 333
415
78, 839
441
88, 843
640
77 063
494
67, 568
546
70 015
722
67 094
246
71 654
223
79 924
504
3,240
543
3,277
565
3, 330
621
3,494
598
3,637
524
3,681
529
3 706
515
3 852
534
3 936
495
3 998
440
4 088
472
4 102
462
4 049
19, 619
15,972
11, 584
22, 294
18, 361
13,417
18, 738
13 919
14, 497
17, 090
14, 422
16, 377
17, 836
20 197
11. 679
14, 712
16, 557
7,895
18, 305
19, 200
8,386
21,315
17 764
12, 109
20, 257
1 5, 612
18, 986
22, 837
21 537
20, 279
27 085
27 676
20, 442
22 362
22 453
20, 668
22 180
°2 503
20, 469
224, 044
134,718
309, 836
242, 578
139, 055
308, 466
222, 085
129, 162
322, 302
207, 829
104, 126
329, 256
223, 301
140, 555
311, 126
19$, 140
131, 086
297, 957
225, 356
144,904
299, 535
239, 443
131,692
337, 568
225. 051
128, 883
342, 194
236, 928
1 45, 660
349, 056
239, 230
133 123
347, 889
215 198
146 703
288, 052
208 585
139 888
254, 929
2,480
10, 280
50, 679
18, 143
10,706
73, 762
34, 638
10, 509
75, 052
39, 214
9, 053
85, 977
37, 688
11,457
86, 981
21, 703
9,748
114, 465
14,722
12, 059
115,838
7,964
11,302
115, 366
12, 271
14.738
102, 606
1,031
13,626
87, 079
515
14. 689
71, 646
r
411
10, 522
59,407
925
11, 443
54 024
529
543
496
552
416
452
364
376
395
456
497
448
699
624
649
580
614
553
647
573
587
501
582
508
497
471
609
595
571
583
527
515
519
426
471
348
503
313
548
343
584
384
616
409
••602
447
596
461
616
463
604
456
165, 797
47, 121
2, 476
44, 645
145 373
26, 555
3 182
23, 373
203, 976
50, 333
2 034
48, 3CO
114 055
51. 25
735
561
?13
672
485
r
r
605
117
364,
86
734
4 57
17S
548
583
218
566
13S
69f)
_ -.
MISCELLANEOUS
Explosives (industrial), shipments:
Black blasting powder
thous. of Ib
High explosives
do
Sulfur (native):
Production
thous. of lone tons
Stocks (producers') end of month
do
FATS, OILS, OILSEEDS, AND BYPRODUCTS
Animal fats and greases :cf
Tallow, edible:
Production
-,
.. - . -thous. of Ib _
Consumption factorvf t
do
Stock (inol. refined grades), end of month ...do
Tallow and grease (except wool), inedible:
Production t
do
Consumption faetoryf +
do
Stocks (excl. refined grades), end of month. _do
Fish and marine mammal oils:A
Production J
Consumption, factory}! Stocks end of month
..
-
-
do __
do
__do
Vegetable oils, oilseeds, and byproducts:
Vegetable oils, total:
Production crudej
mil. oflb
Consumption, crude, factorvj
_ __ _ do
Stocks, end of month :J
CrudeJ
do
Rcfincd§ t
- --do_ __
Exports 9
thous of Ib
Imports, total 9
do
Paint oils
do
All other vegetable oils 9
do
Copra:
Consumption, factory
short tons _
Stocks end of month
do
Imports
.
. _ _ do. _.
Coconut or copra oil:
Production:
Crude
thous. of lb__
Refined
_ . _ do_ _ _
Consumption, factory:t
Crude
do
Refined
-do __
Stocks, end of month:
Crude
_- - - do.
Refinedt
do
Imports 9
do
Cottonseed :f
Receipts at mills
thous. of short tons
Consumption (crush)
_ _ _ . do
Stocks at mills, end of month. do
Cottonseed cake and meal:t
Production
short tons
Stocks at mills end of month
do
Cottonseed oil, crude:!
Production
thous. of Ib
Stocks, e n d of month
. _ _ _ _ _ . do
Cottonseed oil, refined:
Production
do
Consumption, factory!
_ _ do
In margarine
do
Stocks end of month §:j:
Price, wholesale, drums (N. Y.)
mil. oflb
dol. per lb__
r
r
T
98, 657
32, 089
1,476
30, 612
1 06, 478
32, 441
2, 738
29, 703
150 194
35, 101
3 622
31, 479
119, 263
44, 895
5,728
39, 167
103, 390
45, 248
2, 937
42,312
119, 378
24, 992
1, 215
23, 777
105, 891
39, 040
6,616
32, 424
98, 029
41, 247
3, 263
37, 983
191,247
35, 709
1,830
33, 879
26, 708
21,444
18, 629
25, 164
23, 457
29, 195
30,614
20 016
26, 309
29, 643
10, 830
22, 350
25, 879
13, 350
27, 474
25,171
16, 690
26, 523
35, 504
12, 967
31, 265
27, 230
27, 503
23, 484
30, 277
16,787
28, 697
24, 480
18, 177
25, 686
26 621
27 178
31,372
27, 222
20 235
36, 783
33, 716
32, 478
32, 347
36, 081
39, 306
36, 377
38, 138
27, 650
33, 590
32, 345
32, 586
31, 906
45, 059
33, 630
34, 510
31, 081
35, 097
28, 776
38, 967
30, 670
31, 114
29, 902
34, 031
42, 310
34, 459
36,211
52, 427
32, 251
58, 181
34, 949
55, 970
35, 335
44, 211
25, 816
52, 165
33, 397
50, 553
29, 379
52, 414
32, 175
47, 123
27 982
45, 760
27, 961
50, 094
28, 906
46, 602
31, 098
61 969
37, 400
55, 205
37, 082
61, 595
14,616
10, 901
53, 157
14, 388
12, 688
59, 566
13, 745
17 430
61, 160
13, 456
13, 587
51, 861
13, 068
27, 033
61,767
13, 620
11 368
58, 391
11,483
11 392
59, 516
15 917
23 557
70, 274
15, 739
17 262
73, 592
15, 492
22 188
62, 803
10, 440
5 922
61, 729
15 260
19 690
57, 866
13, 065
16
387
523
19
258
285
20
151
154
142
119
177
365
182
361
1,274
526
1,108
1,573
722
1, 959
1,071
677
2,353
340
570
2,123
114
613
1,624
43
492
1,176
25
400
801
10
278
533
179,398
258, 381
123,115
245, 736
74, 363
214, 803
62, 286
164 187
120 288
249, 069
140, 916
346, 400
170, 814
327, 720
186 106
274, 304
187, 819
293, 321
194 737
238, 857
228 210
192 415
263 956
135, 735
279 463
136, 275
123, 785
91, 144
74, 437
54, 412
38, 162
43, 472
40, 375
58, 108
52, 108
165, 478
96, 275
241, 749
147, 953
229, 605
173, 802
192, 572
178, 477
207, 691
170, 536
170, 419
168, 091
139 383
142, 267
99, 742
116, 696
148, 190
116,480
19, 034
112,797
125,619
21, 706
73, 667
105, 688
17, 125
34, 607
84, 298
13, 986
47, 268
104, 902
17, 671
69, 432
96, 977
19, 353
161, 282
124, 424
23, 681
159, 780
127, 954
24, 474
146, 516
122, 138
28, 825
163, 853
131,666
31, 636
132, 848
113, 600
29, 561
106 524
109, 669
26 119
90, 323
100, 139
20, 579
416
.224
384
.225
328
.210
244
.190
180
.190
158
.190
197
.200
227
208
237
.208
267
.223
288
.223
285
.223
278
v 195
' Revised.
* Preliminary.
© States represented are: North Carolina, South Carolina, Georgia, Florida, Alabama, Tennessee, Arkansas, Louisiana, Texas, Oklahoma. According to quarterly reports from Virginia,
consumption in that State is as follows (thous. short tons): 1956—January-March, 270; April-June, 325; July-September, 76; October-December, 79; 1957—January-March, 277.
9 The totals for fertilizer exports and imports include data not shown separately. Revisions for June 1955-January 1956 for all indicated items will be published later.
cfFor data on lard, see p. S-29. Figures prior to 1955 for tallow (not shown in the 1955 BUSINESS STATISTICS) will appear later.
^Consumption figures for edible tallow exclude quantities used in refining; those for inedible tallow, etc., include such quantities.
i Re visions for 1954 and 1955 (also for 1953 for cottonseed and products) will be shown later.
ABeginning 1955, data may include some refined oils (not formerly included); consumption figures exclude data for cod, cod-liver, and other liver oils, and stocks include only the quantities
of these oils held by producing firms.
§Includes stocks owned by the Commodity Credit Corporation through May 1956.
SUEVEY OF CURRENT BUSINESS
S-26
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
June 1957
1956
April
May
June
July
1957
DecemAugust Septem- October November
ber
January
February
March
April
May
CHEMICALS AND ALLIED PRODUCTS—Continued
FATS, OILS, ETC.— Continued
Vegetable oils, oilseeds, and byproducts— Con.
Flaxseed:
Production (crop estimate)
thous of bu
Oil m ills :t
Consumption
do
Stocks end of month
do
Price, wholesale, No. 1 (Minneapolis) _dol. per bu._
Linseed oil, raw:
Production!
thous. of lb__
Consumption factory!
do
Stocks at factorv, end of month}
do
Price wholesale (Minneapolis)
dol. perlb-.
Soybeans:
Production (crop estimate)
thous. of bu
Consumption factory
do
Stocks end of month
do
Soybean oil:
Production:
Crude
thous. of Ib
Refined
do
Consumption, factory, refined}
_ do
Stocks, end of month:
Crude
do
Refined}
do- Price wholesale refined (N Y )
dol per Ib
MargarineProduction
thous of Ib
Stocks (factory and warehouse), end of mo cf do _
Price, wholesale, colored, delivered (eastern U. S.)
dol. per l b _ _
Shortening:
Production
thous. of Ib
Stocks end of month cf
do
i 48, 712
2,171
3,368
3.77
3,017
1, 584
3.83
1,920
1,212
3.38
946
762
3.34
933
1,051
3.28
2,308
2,271
3.25
4,020
4, 945
3.27
3, 295
4, 557
3.41
2,925
4,010
3.44
2,304
3.516
3.40
2,239
3,433
3.34
2, 586
2, 066
3.23
1, 500
1,748
3.17
43, 243
37, 723
125, 738
.159
59, 614
43, 515
136, 682
.159
38, 448
40, 275
113,017
.142
19,196
34, 815
95, 665
.134
18, 575
43, 420
71, 051
.130
46, 931
41, 844
75, 388
.127
81,565
65, 278
86, 694
.131
66, 563
40. 884
111,301
.136
59,004
38, 212
115,410
.136
46, 864
37. 985
111,821
.134
45, 657
33, 825
128, 945
.133
52, 970
39, 009
144, 223
.131
31, 106
40, 890
135, 446
.126
25, 259
57, 931
24, 600
48, 424
22, 230
36, 651
20, 378
26, 460
21,793
12, 360
19, 877
20, 525
27, 928
78,011
26, 591
79, 070
1 455, 869
26, 988
70, 354
28, 420
65, 517
26, 622
56, 332
28, 909
44, 232
26, 899
31,967
280, 688
218,831
192, 705
273, 348
249, 054
229, 034
248, 636
205, 257
211,447
228, 348
193,610
196, 948
249, 027
223, 378
241,688
221. 302
203, 733
221,794
301,802
252, 552
258, 763
284, 820
244,824
237,131
289, 736
233, 159
224, 344
305,156
240, 523
222, 557
287, 218
209, 184
208, 924
313, 006
220, 333
210, 687
293 635
213, 476
207, 436
176, 400
104,987
.215
172, 649
123, 747
.224
179, 630
116, 853
.200
174,970
112,828
.175
154, 421
100, 148
.175
139, 671
86, 865
.163
132,946
77, 178
.175
125, 466
83, 974
.195
140, 996
92, 130
.190
134, 093
103, 973
.200
129, 964
99, 970
.200
150, 434
97. 821
200
171,912
97, 212
f. 185
83, 514
26, 853
107, 940
27, 134
85, 242
24, 698
81, 436
20, 276
106, 727
22, 356
114,970
22, 236
134, 584
21, 556
132 545
25, 292
124, 951
27, 584
132, 373
29, 874
121 685
32, 143
120 472
34, 814
122 897
27. 426
.293
.296
.273
.273
.273
.273
,273
.282
.292
.292
292
.292
p.2Sl
144, 623
146, 485
165, 445
156,066
127, 868
168, 524
100, 700
154, 761
150, 554
141, 573
133, 396
129, 175
178,089
119, 437
179, 909
105, 477
157, 141
122, 047
160, 015
126, 807
144, 252
133,017
129 420
138, 595
127, 363
129, 987
146, 81 1 146,149
54, 749
57, 932
88, 879
91,400
133, 828
50, 236
83, 592
146. 788
56, 346
90, 442
128,411
48, 930
79, 481
140, 309
58, 374
81, 935
121, 488
55, 280
66, 208
97, 308
45, 645
51, 663
125, 401
54, 539
70, 862
112, 467
50, 131
62, 336
130, 966
55, 378
75 588
145, 055
57, 556
87 489
3.16
PAINTS, VARNISH, AND LACQUER
Factory shipments, total
Industrial sales
Trade sales
thous. of dol_. 136,228
57, 449
do
78, 779
do
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:
Cellulose acetate and mixed ester plastics:
Sheets rods and tubes
thous o f l b
Molding 1 and extrusion materials
do
Nitrocellulose sheets, rods, and tubes .__ _ do
Other cellulose plastics
do. -
3,606
7,376
513
429
3,481
7,458
569
489
4, 055
7, 254
487
407
2, 355
5,872
344
370
3,815
7, 395
443
554
3, 945
8, 579
324
279
3, 837
9, 390
396
564
3,374
9,291
365
551
3,724
8,452
317
472
3,491
7,456
377
525
3,292
7,187
429
375
4 253
8,095
379
500
Phenolic and other tar acid resins
Polystyrene
Urea and melamine resins
Vinyl resins
Alkyd resins
do
do. do
do- _do- -
42, 807
48, 812
23, 360
65, 487
31, 566
41,746
50, 480
23, 455
63, 977
31, 968
40, 607
44, 023
25, 083
54, 796
29, 643
31,207
41,277
15,901
49, 751
25, 730
37, 826
44, 288
21,171
57, 121
30, 421
37, 598
44, 314
21,759
60, 237
27, 652
43, 493
48, 789
25, 691
67, 176
35, 383
'0,145
44, 467
24, 269
65, 900
34, 509
35, 206
41,794
21,370
67, 870
27, 874
41,373
43, 507
23, 097
67, 096
34, 948
37, 064
46, 097
22, 556
64, 005
29, 980
39 816
51.041
25 910
70, 419
32 021
Rosin modifications
Polyester resins
Polyethylene resins
Miscellaneous
do. -~
do
do
do- -.
11,819
5,855
42, 205
13, 902
11,493
7,289
47,010
14,512
10, 544
6,212
45, 634
13, 170
8,729
5, 641
45. 998
11. 740
11, 398
6 634
49, 790
13, 140
9, 377
5 369
51,089
13, 298
10, 908
6 473
49 110
13 363
11, 553
6 542
51, 421
13, 977
10, 024
6 139
51,413
13, 679
10, 848
7 265
52, 394
14, 829
10, 517
7 187
49 800
13 080
9,951
8 618
56 587
15 428
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total}
mil. of kw.-hr__
Electric utilities, total
do
By fuels
do
By waterpower
_ _
_
_ _ _ do-
54, 519
47, 489
35, 937
11, 552
56, 279
49, 086
37, 385
11,701
56, 490
49, 451
39, 402
10, 049
55, 229
49, 451
39, 539
9,913
58, 576
52, 194
42, 656
9,539
55, 649
48, 819
39, 859
8,960
58, 445
51, 129
41,892
9,238
57, 820
50, 645
41, 340
9,305
60, 055
52, 875
42, 878
9,998
62, 938
55, 503
45,311
10, 192
55, 374
48, 666
38, 687
9,979
59, 765
52, 447
41, 008
11, 439
57, 702
50, 669
38, 622
12,047
Privately and municipally owned utilities. _ _ d o
Other producers (publicly owned)
do
38, 363
9,126
39, 738
9,348
40, 270
9,181
39, 701
9,750
42, 302
9, 892
39, 503
9,316
41, 800
9,330
41, 230
9,416
43, 098
9,777
45, 083
10, 420
39, 779
8,887
42, 349
10, 098
40, 641
10, 028
7,030
6,718
313
7,193
6,869
323
7,039
6,754
286
5,778
5,520
258
6,382
6,158
224
6,830
6,604
226
7,316
7,074
242
7,175
6,920
254
7,180
6,903
276
7,435
7,154
281
6,708
6,443
266
7,318
7,005
313
7,033
6.724
310
Industrial establishments, total
By fuels
By waterpower
do. do_
do
Sales to ultimate customers, total (Edison Electric Institute) t
mil. of kw.-hr..
Commercial and industrial:
Small light and power
_ _ _ _ do.-.
Large light and power _ .
_ _ do _
43, 098
42, 758
43, 075
43, 010
44, 503
44, 786
44, 654
44, 526
46, 092
47, 693
46, 217
46, 167
6,776
22, 650
6,785
23, 089
7,316
22, 941
* 7, 800
21, 858
8,005
22, 853
7,951
23, 147
7,457
23, 957
7,276
23, 629
7,428
23, 604
7,640
23, 795
7, 583
22, 640
7,440
23, 509
Railways and railroads
do
Residential or domestic
.
do _ _
Rural (distinct rural rates) _ _
_do-_
Street and highway lighting
do
Other public authorities
- _ _ _ _ _ _ - _ _ do_
Interdepartmental
do
380
11, 038
955
362
888
49
359
10, 361
876
341
899
48
342
10, 198
975
322
929
52
328
10, 495
1,201
335
936
57
340
10, 679
1,278
359
932
57
330
10, 785
1,200
392
926
55
353
10, 530
936
427
942
52
362
11, 047
769
454
942
47
389
12, 424
764
483
946
54
412
13, 561
784
487
973
39
373
13, 389
758
440
989
45
379
12, 618
773
429
965
54
Revenue from sales to ultimate customers (Edison
Electric Institute)}
thous. of dol_. 702, 044 695, 861 709, 168 718, 348 735, 869 741, 999 730, 077 730, 285 756, 811 784, 979 775, 742 762, 232
•• Revised.
* Preliminary.
1 December 1 estim ate of 195C crop,
^Revisions will be shown later for fats and oils (1954 and 1955) elcctric-p ower proc Luction (,Fanuary-J uly 1955) , and ele 3tric-powe r sales aiid reveniie (Janua ry-April 1955 and JanuaryFebruary 1956) .
cf Beginning January 1955, data exclude quantities h eld by co Qsuming f actories.
SURVEY OF CUEEENT BUSINESS
June 1957
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-27
1956
April
May
June
July
1957
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
ELECTRIC POWER AND GAS—Continued
GAS
Manufactured and mixed gas (quarterly ):c?
Customers end of quarter total
thousands- Residential (incl house-heating)
do
Industrial and commercial
do
Sales to consumers, total
- _ _ mil. of therms. .
Residential (incl house-heating)
- - do
Industrial and commercial
- -- do- .
Revenue from sales to consumers, total thous. of dol
Residential (incl house-heating)
- do _ _
Industrial and commercial
do_ _.
Natural gas (quarterly):^
Customers end of quarter total
thousandsResidential (incl house-heating)
do _ Industrial and commercial
- do_ __
Sales to consumers total
mil. of therms Residential (incl house-heating)
do
Industrial and connnercial
- do
Revenue from sales to consumers total thous. of dol Residential (incl house-heating)
do
Industrial and commercial
do
4,909
4 583
324
949
622
320
120, 754
89, 633
30,605
3 797
3 541
'254
374
202
165
57 075
40, 127
16 552
3 583
3 343
237
631
435
190
87, 184
66, 330
20,356
24,246
22, 355
1,864
16, 203
4,945
10, 762
784, 917
432, 203
338, 900
25, 394
23 463
1,905
13 276
2,036
10,638
562 197
234, 715
312, 040
26, 272
24 194
2,050
17 294
5,500
11 210
878 480
488 448
373 306
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Beer:
5,912
8,081
7, 611
6,866
7,927
5,947
6,123
8,733
Production!
thous. of bbl _
8 734
9 394
9 590
6 500
6 497
6,992
6,439
5 689
6,751
5 570
8 182
6 129
6 171
8 673
Taxable withdrawals
do
9 015
8 777
6 670
6 424
9,558
9,552
10, 261
10, 931
Stocks, end of month!
_
do
8,768
11, 264
11, 128
11, 097
9,135
10 677
11,515
9 753
10 354
Distilled spirits:
17, 852
19, 982
18, 105
18, 902
15, 862
18, 617
34, 134
Production!
__ - thous. of tax gal__ 17, 652
8,531
23, 065
12, 178
20 386
Consumption, apparent, for beverage purposes
25 159
14, 893
17, 628
16, 257
16, 897
16 403
22 321
14 375
15 936
thous of wine gal
23 822
16 784
16 572
13, 252
13, 736
9,661
12, 420
11, 989
13,020
21 817
10 805
11 269
10, 565
19 331
Tax-paid withdrawals!
thous. of tax gal
14 269
Stocks, end of month J
_.
_ _ - - do _ _ 851, 287 854, 709 854, 755 851, 634 849, 082 844 208 835, 948 830 129 832, 439 838, 623 842, 059 845, 407
1,973
2,022
1,482
1,840
2,889
1,606
2,086
1 927
1,748
Imports
thous. of proof gal
2 414
3 632
3 580
Whisky:
11, 592
12, 151
5,799
10, 082
11,426
11, 429
10, 122
11 243
Production J
thous. of tax gal
10, 971
10 734
7 191
7 847
6,626
6,910
6,334
4,554
6,280
5,125
6,139
6,277
7,469
10, 325
5,470
Tax-paid withdrawals!
do
11, 120
733. 530 736,196 737, 709 737, 445 736 573 734 041 729 660 725 572 726, 562 730, 569 732 777 735, 536
Stocks end of month J
do
1,733
1,646
1,721
1,619
1,840
1,265
1,438
1,915
Imports
- -__thous. of proof gal
2 166
2,627
3,258
3 288
Rectified spirits and wines, production, total 9 !
6,768
5, 137
5 331
7,243
13 497
4 607
6 052
6 701
6,870
12 549
4 677
thous of proof gal
7 871
4,016
5,722
6,230
5,675
3,622
4,442
5,515
3 675
4 885
12 019
6 792
11 275
Whisky!
do
Wines and distilling materials:
Effervescent wines:
125
273
162
251
205
238
237
168
205
206
226
220
188
Production!
thous. of wine gal. _
134
261
93
147
123
155
200
129
101
160
137
276
272
Taxable withdrawals!
do
1,662
1,590
1,418
1,665
1,738
1,720
1,477
1,801
1,648
1,712
1,751
1,611
Stocks, end of month!
_
_ _ do
1,547
62
52
44
35
114
62
41
36
44
46
101
115
Imports
do
Still wines:
1,237
1,375
1,420
1,656
3,912
2,218
2,630
2,531
30, 528
71, 849
2,923
2,139
24, 070
Production!
do __
9, 283
10, 326
11, 039
11, 053
14, 615
11, 953
12, 485
10, 290
12, 688
11,893
10, 872
10, 220
13 879
Taxable withdrawals!!
do
165, 218 154, 637 143, 082 134, 294 125, 296 144, 102 202, 848 210, 541 198, 721 190, 095 180, 012 170, 636 159, 627
Stocks endofmonth§!
- _ - __
do
561
456
483
580
598
412
629
765
585
465
680
874
Imports
do
782
1,163
555
617
76 378 142 607
8,067
1,540
6,075
3 954
3 949
1,871
41 839
Distilling materials produced at wineries!
do
DAIRY PRODUCTS
Butter, creamery:
136, 010 150, 480 148,155 128, 155 110, 200
93 125
Production (factory) !
thous of Ib
92 960
90 605 102, 810 116, 405 109, 255 124, 855 r132, 870
78, 882
79, 685 113, 318 133, 918 118, 217
90, 252
40, 915
94, 181
62, 261
25, 103
61, 996
Stocks, cold storage, end of month
do
39, 640
28, 855
31 946
.613
.594
.594
.594
.587
.604
.601
.602
.614
.604
.607
.620
.632
.604
Price, wholesale, 92-score (New York)___dol. per lb__
Cheese:
129, 185 154, 465 158, 420 134, 090 116, 970 102, 445
96, 240 100, 920
97, 105 116, 150 131, 460
Production (factory), total !
thous. of Ib
98 010
90, 700
64, 280
82, 750
67, 695
American, whole milk !
_
do __ 95, 035 117, 645 122, 440 102, 410 r 87, 220 r 74, 135
68, 100
61, 400
68, 840
96, 250
456, 279 482, 154 521, 505 548, 334 550, 518 532, 107 489, 385 454 729 441, 082 419, 992 390 308 388, 631 r 391, 289 413, 130
Stock", cold storage, end of month, total
do
American , whole milk
__do _ 426, 887 449, 571 483, 883 509, 474 r 509, 625 r 492, 648 448, 857 414, 606 401, 079 379, 637 349, 441 346, 277 r 345, 421 367, 019
3,762
3,168
4,298
4,603
3,862
4,989
5,589
5,609
5, 598
5,038
5 332
3,188
Imports
do
Price, wholesale, American, single daisies (Chi.384
.372
.382
.382
.384
.381
.390
.390
.390
.390
.390
.390
cago)
dol. per Ib
.390
Condensed and evaporated milk:
Production, case goods: J
6,640
6,290
5,140
6,140
4,650
5 520
8,275
6,380
5 670
7,110
Condensed (sweetened)
thous oflb
6 370
7 350
6,550
240, 100 300, 700 304, 100 266, 700 232, 600 189, 100 164, 200 146, 500 152, 200 162, 000 169, 850 212, 600 260, 500
Evaporated (unsweetened) _
do
Stocks, manufacturers', case goods, end of month:
7,038
6,873
7,550
7,937
8,192
8,761
9 649
9 559
8,925
9 335
10 391
9,117
9, 172
Condensed (sweetened)
thous of Ib
124, 880 168, 481 311, 983 401, 894 434, 536 425, 545 383, 686 310, 371 224, 025 156, 420 123, 616
Evaporated (unsweetened)
do
83, 361 153, 950
Exports:
2,410
3,293
4,201
6,402
3,540
2,191
5,054
5,053
5, 129
Condensed (sweetened)
do
4,802
7,270
3,385
2,888
12,346
9,645
12,838
12, 772
14, 251
14, 972
20, 211
15, 847
Evaporated (unsweetened)
do
14, 622
7,861
15, 064
14, 172
9,200
Price, wholesale, U. S. average:
5.75
5.92
5.69
5.89
5 93
5.93
5 93
5 93
5 93
Evaporated (unsweetened)
dol. per case
5 93
5 93
6 05
5 95
Fluid milk:
11, 325
12, 490
12,840
9,464
11, 526
10, 659
9,512
Production!
_ __mil. oflb
9,227
13 122
9,276
8,695
9,697
11, 428
10, 961
4,649
5,342
5,343
4,610
4 647
3 990
3 392
Utilization in mfd dairy products
do
3 450
3 791
3 285
3 618
4 213
3 120
r
3.83
3.86
3.85
4.11
3.98
4.44
4.34
Price, wholesale, U. S. average*
dol. per 100 lb._
4.30
4.53
3.99
3.86
4.19
4.61
4.48
Dry milk:
Production: !
11, 275
10, 850
9,450
10, 600
8,000
Dry whole milk
thous. of lb__
9,150
7,350
6,500
8,250
7,700
6,400
6,450
8,200
162, 700 176, 500 176, 300 131, 400
Nonfat dry milk solids (human food)
do
79, 500
98, 000
79, 800
83, 300 104, 800 120,900 122, 400 144, 090 162, 500
Stocks, manufacturers', end of month:
8,524
12, 062
15, 192
11, 437
14, 313
13, 118
11 725
10, 757
10, 384
10,450
Dry whole milk
_
__do _
11, 390
9,919
9 430
Nonfat dry milk solids (human food)
do_ __ 101, 102 123, 689 148, 200 140, 735 118, 507
98, 722
76, 563
69, 461
65, 623
63, 308
67, 095
80, 493
69, 029
Exports:
3,951
3,880
3,661
3 820
3 774
2,854
2 692
2 776
4 418
Dry whole milk
do
2 010
3 071
4 858
3 607
11,929
29,336
26, 127
Nonfat dry milk solid's (human food).
do
16, 898
37, 082
42, 371
42, 700
9,136
19, 274
14, 054
24, 418
12, 552
7,645
Price, wholesale, nonfat dry milk solids (human
.154
.153
.152
.151
.151
.152
.152
.152
.152
food). U. S. average _ _ _
dol. perlb..
.152
.153
.154
.153
f
Revised.
^Revisions for 1953 and for the 1st and 2d quarters of 1954 and 1955 are available upon request. Totals include data not shown separately.
^Revisions for the indicated items and for the periods specified are available upon request as follows: Alcoholic beverages, July-November 1954 and July-December 1955; dairy products—butter,
cheese (total and American), evaporated milk, and nonfat dry milk solids, January 1953-September 1955; condensed milk and dry whole milk, January 1954-September 1955; fluid milk, production, January 1951-December 1955.
9 Data beginning July 1956 exclude production of wines and vermouth; for July 1955-Juno 1956, such production totaled 183,000 gallons.
§Data include vermouth and aperitif wines other than vermouth.
*New series, representing average price received by farmers for all milk sold at wholesale to plants and dealers; data prior to January 1955 will be shown later.
SUEVEY OF CUREENT BUSINESS
S-28
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
June 1957
1956
April
June
May
July
1957
DecemOctober NovemAugust September
ber
ber
January
February
March
April
May
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__
1
591
6,317
2,394
38, 090
2,085
33, 933
97, 077
1,811
26, 578
1,595
19, 814
1,592
12, 765
2,061
7,128
r 1, 804
r 3, 246
1,000
1,040
5 725
4 554
4 265
6 349
9 718
7 492
6 579
7,819
' 7 783
9,524
447, 013
506, 264
588, 076
476, 719
457, 801
751, 065
489, 423
409, 656
868, 687
483, 068
354, 871
914, 895
467,046
303,742
905,439
450, 562
294, 282
857, 942
422, 805
388, 388
787, 218
379, 474
464, 337
721, 613
18, 600
11, 174
10, 310
10 573
12 757
13, 759
1 243, 238
12 333
15 524
15, 687
19, 819
r 17, 712
6 600
5 925
4.635
3 515
3 394
3 500
3 075
3 533
3 620
3 480
v 3. 540
73 437
67 010
66 226
72 528
69, 930
2,033
1,302
643
389
••291
134
10 594
12 366
Citrus fruits carlot shipments
no of carloads
Frozen fruits, juices, and vegetables:
Stocks, cold storage, end of month:
Fruits
thous. of lb_ 256, 029 280, 377
Fruit juices and purees _
_ do __ 434, 967 538, 673
Vegetables
do _ ' 424, 154 415, 357
Potatoes, white:
Production (crop estimate) f
__ thous. of cwt
19, 001
19, 837
Shipments carlot
no of carloads
Price, wholesale, U. S. No. 1 (New York)
6 542
5 695
dol per 100 Ib
9 564
6 075
368, 954
550, 716
481, 368
2,915
3,863
' 67
267
341, 520 r 292, 185
492, 287 -505,397
665, 354 »• 655, 695
276, 259
568, 052
633, 323
18, 424
GRAIN AND GRAIN PRODUCTS
Exports (barley corn oats rye wheat) thous of bu
Barley:
Production (crop estimate)
Receipts, principal markets
Stocks, domestic, end of month:
Commercial
On farms
Exports including malt
Prices, wholesale (Minneapolis):
No. 2, malting
No 3, straight
do
do _
do
do
do
dol. per bu__
do__
Corn:
Production (crop estimate)
_
mil. of bu
Grindings wet process
thous ofbu
Receipts, principal markets!
do Stocks, domestic, end of month:
Commercial
__do
On farms
mil. of bu
Exports, including meal
_ thous. ofbu
Prices, wholesale:
No. 3, yellow (Chicago)
dol. per bu__
Weighted average, 5 markets, all grades
do
Oats:
Production (crop estimate)
mil. ofbu
Receipts, principal 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._
Rice:
Production (crop estimate)
thous. of bags 9
California:
Receipts, domestic, rough
thous. of Ib
Shipments from mills, milled rice__do
Stocks, rough and cleaned (cleaned basis), end
of month
thous of Ib
Southern States (Ark., La.. Tenn., Tex.):
Receipts, rough, at mills _.
do
Shipments from mills, milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis) , end of month
mil of Ib
Exports
_ _
thous. of Ib
Price, wholesale, head, clean (N. O.)
dol. perlb
Rye:
Production (crop estimate)
thous of bu
Receipts, principal markets§
do
Stocks, commercial, domestic, end of month, do
Price, wholesale, No. 2 (Minneapolis).. -dol. per bu__
60, 670
72, 143
72, 186
60 162
61, 455
52 853
64 897
57, 528
16, 485
22, 829
20, 327
20, 435
35, 041
14, 212
9,956
11, 821
23, 834
28,720
45, 145
52, 566
43, 798
10, 384
9 039
6,751
51 447
229 774
7 286
47 127
11, 970
37, 588
3 39,439
10, 847
6 238
1.313
1.194
1. 311
1.201
1.244
1.123
1.276
1.193
1.279
1.211
1.253
1.179
1.257
1.172
11, 142
27, 442
12, 329
26, 672
11, 099
16, 899
11, 391
17, 556
12, 694
17, 663
11 473
16, 527
13 050
46, 379
11, 819
47, 353
84, 793
87, 954
68, 466
64, 332
100,863
11, 751
6,608
5,944
64, 134
3
300 1
6,313
79, 865
10, 344
79, 665
988 8
9,316
11, 302
1.452
1.497
1.523
1.521
1.531
1.524
1.525
1.548
1.571
1.542
1.556
1.484
1.296
1.320
5,404
9,350
10, 757
21, 062
22, 108
8,508
4,737
4,052
21, 916
21, 697
34, 655
41 287
25, 223
3,386
!708
2,823
.736
3,783
.733
39 008
923,394
4,191
.715
31 285
4,037
.682
27, 596
272,127
2,072
.724
3,836
.733
2,076
.824
46, 331
22, 791
50. 211
35, 691
35, 037
38, 186
68, 841
31, 314
90, 993 ' 139, 275 172,326
56, 065 ' 101, 184 79, 243
99, 461
73, 695
106, 868
99, 246
65, 541
72,683
75, 444
64, 750
94, 041
25, 092
72, 920
7,038
119, 497
11, 394
105, 550
18, 196
84, 522
232, 494
117, 844
919, 691
164, 181
851, 623
178, 225
533.7
61, 901
.086
430.5
61, 458
.089
548.5
101. 470
.084
450.3
171, 336
.085
387.7
278, 597
.083
804 9
153, 605
.083
1, 221. 1
247, 066
.085
1, 192. 3
123, 318
.085
1,666
4,080
1.241
4,401
5,737
1.164
5,428
9,503
1.151
4,038
10, 058
1.329
2,780
11, 175
1.374
1,074
10, 517
1.435
1,118
9,143
1.465
680
8,109
1.471
1
8,160
7,477
36, 062
25, 343
22, 224
3 981
3,386
3 674
30 111
104, 052
5 530
1.320
1.276
1.298
1.258
1.278
1.237
1.261
1.206
1.268
1.219
1.263
1.205
3, 451
10 690
23 272
11 731
32, 736
10, 874
49, 429
11 313
60 072
11, 133
47, 066
32, 770
89, 558
102, 650
157, 821
12, 789
12, 514
126, 744
1,615 1
16, 024
151, 613
17, 243
93, 849
2 331 1
15, 583
1.339
1.331
1.357
1.300
1.343
1.322
1.275
1.244
1.290
1.260
1.298
1.240
3
3,576
1.238
1.188
12, 313
7,261
3,759
4,950
5,968
4,272
17, 794
13, 240
11, 688
1,614
.820
1,423
.784
15 116
410 427
869
.778
1,993
.727
.738
75, 193
35, 564
55, 410
39, 331
126, 523
98, 210
153, 906
129, 567
123, 311
81, 696
85, 123
97 309
91,446
75 950
50 793
80, 893
159, 556
126, 296
38, 683
115, 078
78, 407
144, 810
122, 165
135, 725
62, 275
110, 818
17, 955
101, 820
1, 026. 2
404, 990
.085
907.0
110, 930
.085
836 3
179, 710
.088
651 7
330, 600
.090
509 2
246, 261
P. 089
498
6,394
1.499
306
5,458
1.400
240
4,844
1.412
2,966
47, 402
21 558
1,063
8,294
1.459
302
1.363
483
2,851
1.240
2
234 8
2 735 7
25 472
1
1
1
54, 981
291,907
106, 118
64, 697
39, 257
234,077
31, 241
28, 212
336, 269
31,033.4
371,777 3 332, 323
359, 862
351, 092
352, 461
467,954
341, 218
1,797. 3
467,254
348, 506
452,385
446,621
429,322
26, 851
33443, 643
64, 741
3 67, 246
49, 546
44, 378
636,280
142,165
417,276
40. 876
37, 138
43, 293
39, 116
33, 900
28, 750
997. 2
262. 2
735. 0
34 865
312, 189
356, 920
1,487.3
393, 211
2
24 144
21 462
301 911
24 030
356, 831 360, 964
368 482
1,187 7
360 702
365 104
29 679
403, 458
386, 872
547, 345
127 877
292 804
42, 029
36, 212
1.333
1.267
19 495
1
46, 166
41, 951
1, 153
5,304
21, 363
696, 376
2,570
.829
1
33, 925
29, 101
do
do
11, 035
37 661
1
327, 943
flour
8,344
40 122
159 561
3 Oil
1
Wheat:
Production (crop estimate), total
mil. of bu__
Spring wheat .
_ do_
Winter wheat
do
29, 874
Receipts, principal markets§
thous. of bu
Disppearance
__
do
Stocks, end of month:
330, 693
Canada (Canadian wheat)
__
do_.
United States, domestic, totalcf _ _ mil. of bu _
386,806
Commercial
thous. of bu
Interior mills, elevators, and warehouses
thous. of bu
Merchant mills
do
On farms.
_ ._
do
Exports, total, including
Wheat only. .
372, 495
12, 562
10, 303
33, 696
29, 820
51 076
43, 666
356 532
970 5
341 690
449 709
108 918
165 959
48, 485
43, 135
48 350
42 207
49 465
42 599
50 674
46 050
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
2.381
2.457
2.481
dol. per bu__
2.393
2.488
2.481
2.495
2.428
2.400
2.438
2.426
2.393
2.394
2.371
2.242
2.100
2.333
No. 2, hard winter (Kansas City)
do
2.282
2.087
2.190
2.358
2 231
2 310
2 338
2 343
2 335
2 358
2 302
1.992
2.221
2.176
2.327
No. 2, red winter (St. Louis)
_
do
2.020
2.125
2.358
2.185
2.405
2.345
2.440
2.109
2.213
2.298
2.445
Weighted avg., 6 markets, all grades
do
2.389
2.231
2.295
2.437
2.494
2.411
2.345
2.401
2.344
2.417
2.406
2.439
2.446
r
2
Revised.
*
Preliminary.
1
December
1
estimate
of 1956 crop.
June 1 estimate of 1957 crop.
3
Old crop only; new grain not reported until beginning of new crop year (July for barley, oats, and wheat; October for corn).
§ Toledo included beginning with June 1955.
9 Bags of 100 Ib.
cfThe total includes wheat owned by the Commodity Credit Corporation and stored off farms in its own steel and wooden bins; such data are not included in the breakdown of stocks.
\ Prior to the August 1956 SURVEY, data were reported in thousands of 60-lb. bushels.
SUEVEY OF CUREENT BUSINESS
June 1957
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-29
1956
April
June
May
July
1957
DecemAugust SeptemOctober November
ber
ber
January
February
22 162
93 6
419 916
19 156
19 679
86.2
89.1
358 583 367 929
18, 940
79.1
360, 570
43 661
44 693
43, 323
1 985
* 5. 975
v 5.790
March
April
May
FOODSTUFFS AND TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Continued
Wheat flour:
Production:
Flour t
thous of sacks (100 Ib.)
Operations, percent of capacity
Offal
short tons
Grindings of wheatt
thous. of bu
Stocks held by mills, end of quarter
thous. of sacks (100 Ib.)
Exports
do
Prices, wholesale:
Spring, short patents (Minneapolis)
dol. per sack (100 Ib.)
Winter hard short patents (Kansas City) do
LIVESTOCK
'Cattle andcahes:
Slaughter (federally inspected) :
Calves
thous of animals
Cattle
do
Receipts principal markets
do
Shipments, feeder, to 9 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago)
dol. per 100 Ib
Steers, stocker and feeder (Kansas City)... do
Calves, vealers (Chicago)
do
Hogs:
Slaughter (federally inspected)
thous of animals
Receipts principal markets
do
Prices:
Wholesale, average, all grades (Chicago)
dol. per 100 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. o f l b _ _
Exports (including lard)
_
do '
Imports (excluding lard)
do
Beef and veal :
Production, inspected slaughter
do
Stocks, cold storage, end of month
thous. of lb__
Exports
do
Imports
do
Price, wholesale, beef, fresh, steer carcasses, choice
f 600-700 Ibs.) (New York)
dol. per Ib
Lamb and mutton:
Production, inspected slaughter
thous. of Ib
Stocks, cold storage, end of month _
_
do .
Pork (including lard) , production, inspected slaughter
mil. of Ib
Pork (excluding lard):
Production, inspected slaughter
thous. of lb__
Stocks, cold storage, end of month
_ do
Exports
__
.
do
Imports
do
Prices, wholesale:
Hams, smoked, composite---dol. perlb—
Fresh loins, 8-12 Ib. average (New York)
do _ _
Lard:
Production, inspected slaughter
_. . thous. of Ib
Stocks, dry and cold storage, end of month
do
Exports
do
Price, wholesale, refined (Chicago)
dol per Ib
"'•17,379
77.4
334, 955
r
« 39, 945
r
18, 640 ' 17, 652 ' 17, 966 20, 420
82.8
78.4
79.2
78.6
362, 902 341, 813 347 871 393, 879
42, 880
r
40, 573
r
41, 266
19 889 * 21, 899 r 20 055
97.3
88.9
89 1
377 812 416 796 377 713
' 46, 876 r 45, 539
1
50, 182
r
45 844
r
19 278
89 6
365 415
r
45 126
50 711
2,070
1,809
4, 716
2 218
6.215
5.725
6.115
5.725
6.195
5.735
6.310
5.425
6,040
5.625
6.050
5 655
5.950
5 710
6.180
5 785
6 030
5 725
6 020
5 770
6 020
5 625
5.950
5 700
604
1,545
2,146
216
606
1,646
2,124
196
596
1,679
2,146
201
610
1,728
2 543
226
691
1,774
2,697
580
661
1 617
2 721
734
872
1 959
3 559
1 081
763
1 807
2 689
794
605
1 686
2 121
363
657
1 851
2 203
252
550
1 488
1 770
178
632
1,514
1 836
237
19.87
17.81
24.50
20.12
17.68
25.25
20.79
17.02
22.50
22.28
17.36
22. 50
25.61
17.88
23.50
27.31
17.22
21.00
26 00
17.31
22 50
23 97
17.29
22.50
21 65
16.67
21 50
20.94
17.68
25 00
20.28
18.24
27.50
21.36
19.35
26.00
22.61
20.86
v 27. 00
5,252
2,895
4,875
2,749
4,326
2,480
4,199
2,485
4, 559
2,521
4 979
2,676
6 347
3 512
6 559
3,483
5 698
3 037
.5 655
3,030
4 985
2,622
5 380
2,710
5,000
2,657
1 604
1,793
5, 297
2 210
2 497
1 663
5 572
3 180
2 296
2 637
5,190
2 947
613
1,499
1,947
212
14.60
15.50
15.40
15.23
16.12
16.01
15.55
14.59
16.32
17.52
16.98
17.05
'10.9
11.2
11.0
10.6
11.2
10.8
13.0
11.7
13.3
14.1
13.7
14.0
14.4
1,129
1,146
115
1,063
1,054
121
1,084
1,047
113
1,168
1,184
151
1,268
1,405
361
1,167
1,770
679
1 439
1 948
802
1,139
1,085
266
1 062
1,023
145
1,333
1,204
201
1 091
943
142
1 Oil
858
127
1,061
996
113
20.75
C1)
26.00
20.00
23.75
19.55
22.75
18.12
22.00
18.41
20.50
19.00
20 00
18.71
19.25
18.12
19 38
17.85
20.12
18.55
20.00
19.78
23.00
20.97
22.75
21.75
1,930
1,942
1,865
1,853
1,883
1 832
2 282
2 256
2 064
2 199
1 843
1 932
1,866
861
82
25
781
93
24
694
70
23
593
66
24
461
63
29
412
67
17
449
81
20
591
74
22
'679
95
24
2619
93
27
3636
69
22
2631
93
27
'2596
945.0
187, 985
3,744
8,998
1, 006. 2
168, 995
2,178
6,428
1, 001. 8
149, 260
6,089
8,618
1, 020. 8
140, 703
6,500
9,920
1, 026. 0
131, 379
3, 023
15, 192
931.1
128, 430
7,172
7 816
1 128 4
163, 026
11 929
9 486
1,041 7
220, 008
2 692
10 853
987 0
263, 929
14, 264
11 145
1,111 7
246, 789
27, 827
11 588
902.5
220, 123
11 679
9 939
17.52
66
906.1
918.1
194, 214 ••168, 599
9,521
4,623
11 003
22.85
21.13
17.39
14.0
24.00
21.07
2533
142, 847
.354
,358
.367
.388
.443
.486
.452
.417
.390
.371
.365
.376
.395
.406
53, 754
8,976
47, 254
8,481
46, 211
8,620
50, 571
7,975
55, 246
9,002
50, 991
9,703
63 531
11,203
52, 150
11,016
50 262
11, 590
64, 751
9,715
53, 909
8,987
49, 504
8,100
50,604
r 7, 330
6,720
931.3
888.7
817.5
781.6
801.5
849.6
1, 090. 1
1, 162. 5
1, 026. 6
1,022.6
886.9
964.4
909.2
681, 626
510, 230
5,804
14, 029
650, 629
457, 395
6,807
15, 967
599, 853
393, 538
5,690
13, 099
577, 249
306, 727
4,602
12, 626
596, 294
203, 596
4,499
11, 363
638, 107
165,514
5,078
6 935
817, 159
167, 955
5,897
8 236
862, 470
248, 637
6 275
8 247
754, 561
279, 768
8 726
10 714
754, 416
293, 332
9,420
13 061
.503
.425
.501
.478
.534
.461
.526
.502
.515
.474
.486
.511
.466
.444
.471
.409
.511
.421
.516
.450
.519
.446
182, 846
226, 017
59, 328
.145
174, 120
210, 864
68, 955
.153
159, 086
203, 206
44, 762
.138
149, 603
178, 461
42, 213
.138
150, 261
141, 056
40, 893
.155
154, 242
123, 398
38 075
155
199, 618
106, 352
46 813
158
218, 913
103, 484
47 272
.158
198, 576
111,637
47 898
175
196, 353
101, 098
37, 811
175
55, 444
120, 001
55, 987
119, 649
57, 090
126, 769
67, 334
164, 422
69, 209
235, 159
90,080
361, 756
90, 347
368, 378
75, 226
332,817
.250
.225
.190
.185
.165
.150
.148
5,565
3,308
4,967
2,464
4,760
1,678
4,568
1,607
4,461
1, 315
4,860
1,205
4,885
1,010
661, 271
343, 081
4,940
321, 919
.506
.438
P. 521
.452
.477
172, 767
112, 042
36 380
173
190, 755
119, 122
61 940
168
182, 122
127, 116
43 783
p 138
53, 211
330, 135
45, 378
292, 033
51 969
52, 606
259, 975 '219, 988
145
.148
.150
.155
5,280
1,592
5,369
2,249
5,022
2 246
5,902
3 093
r
650, 175 703, 006
334, 60 | '352, 914
6,592
8 753
13 745
9 428
r
POULTRY AND EGGS
Poultry:
47,203
Receipts, 5 markets
thous. of Ib
132, 812
Stocks, cold storage (frozen^, end of month
do
Prire, wholesale, live fowls, heavy type, No. 1
.250
(Chicago)
_
_ dol, per Ib
Eggs:
5,600
Production, farm}
millions-3,154
Dried egg production. _ _ _
thous. of Ib
Stocks, cold storage, end of month:
638
Shell
_
-.thous. of cases
94,569
Frozen
thous oflb
Price, wholesale, extras, large (Chicago)
.396
dol. per doz__
1,200
140, 048
1,453
172, 366
1,259
177, 427
.392
.371
.414
.382
73, 121
72, 415
59, 964
54, 961
21, 195
.263
28,798
.260
22,318
.261
20,575
.290
1,020
727
167, 943 152 015
5,731
4,032
5,662
1 208
!07 568
1 706
141 756
r
616
131 547
525
108 684
320
86 807
328
76 848
519
65 643
932
78 436
.459
.437
.400
.344
.308
'.321
.303
.317
73, 362
109, 212
120,685
118, 264
96, 672
96,970
91, 338
90, 912
84, 194
14, 950
.283
12,429
.278
11,845
.255
11 549
.266
20 810
.270
37 630
.231
15 681
.234
27 722
.223
v. 255
r
MISCELLANEOUS FOOD PRODUCTS
Confectionery, manufacturers' salesd1-- thous. of dol__
Cocoa or cacao beans:
Imports (incl. shells)
long tons
Price, wholesale, Accra (New York)
dol. perlb.r
Revised.
* Preliminary.
> No quotation.
2 Beginning January 1957, figures exclude data for sausage and sausage-room products and edible offal; comparable figure for December 1956 is 606,000,000 Ibs.
JRevisions for wheat flour production and wheat grindings (January 1954-July 1955) and for egg production (1950-55) will be shown later.
cfRevisions for 1954 and 1955 appear in the November 1956 SURVEY.
• Revisions for earlier months of 1956 (units as above): Flour—January 19,492; March, 19,227; grindings of wheat—January, 44,823; February, 41,061.
r
198, 782
p. 153
SUEVEY OF CUERENT BUSINESS
S-30
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
June 1957
1956
April
May
June
July
1957
DecemAugust SeptemOctober November
ber
ber
January
February
March
1,288
883
1,181
2,404
1,048
679
853
1,832
April
May
FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS— Con.
Coffee:
1,204
Clearances from Brazil total
thous of bagscT
728
To United States
do
753
Visible supply United States
do
1,389
Imports
do
Price, wholesale, Santos, No. 4 (New York)
.565
dol. per lb_.
Fish:
Stocks, cold storage, end of month
thous. of lb_. 122, 741
Sugar:
Cuban stocks, raw, end of month
4 257
thous of Spanish tons
United States:
Deliveries and supply (raw basis):
Production and receipts:
22, 411
Production
short tons
584, 640
Entries from off-shore total 9
do
181,119
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 9
do
From Cuba
do
Prices (New York) :
Raw wholesale
dol . per Ib
Refined:
Retail §
dol. per 5 Ib
Wholesale
dol per Ib
Tea imports
thous. of Ib
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 Ib
Imports including scrap and stems
do
Manufactured products:
Production manufactured tobacco total
do
Chewing plug and twist
do
Smoking
do
Snuff
do
Consumption (withdrawals):
Cigarettes (small):
Tax-free
millions
Tax-paid
do
Cigars (lar^e) tax-paid
thousands
Manufactured tobacco and snuff, tax-paid
thous of Ib
Exports, cigarettes
millions
Price (wholesale), cigarettes, manufacturer to wholesaler and jobber, f. o. b. destination
dol per thous
746, 474
711, 784
34, 690
' 1, 616
17, 082
317, 420
222, 285
92, 371
55 122
49, 664
1,562
988
772
1,616
1, 464
940
872
1,803
1 379
804
981
2,074
1 397
868
891
1,445
1,415
899
1,063
1,991
1,449
885
1,030
1,466
1,326
700
1,111
1,377
1 671
1,201
988
2,019
1,584
898
965
1,663
927
512
1,034
.573
.580
.588
.603
.615
.603
.600
.603
.610
.609
.599
.592
.592
124, 218
144, 144
163, 506
178, 785
195, 648
200, 838
200,403
196, 091
168, 596
145,404
123, 015
117,980
128, 007
4 022
3 581
3 181
2 432
1,523
1 148
973
873
563
1 640
2 890
3 790
37, 008
635, 828
238, 419
50, 750
601,064
219, 224
20, 060
666,510
187, 036
14, 675
741, 221
246, 680
113, 448
593, 213
184, 476
591, 151
456, 306
282, 385
794,615
282, 508
189, 762
546, 245
202, 748
86, 742
115,426
519, 988
50, 532
53, 164
453, 611
93, 376
31, 142
565, 977
157, 876
630, 053
208, 242
538, 498 638, 888
536,683 '636,437
2,451
1, 815
674, 792
r
r
91 7, 109 815, 887 '835,408 '669,695 '665,436 590, 353
732, 440 803, 308 '869,090
r
720, 001 ' 781, 558 865, 364 ' 910, 810 811, 798 830, 168 666, 768 661, 137 585, 089
3,726
6,299
12, 439
4,089 ' 5, 240 ' 2, 927 ' 4, 299 5,264
21, 750
r
1, 588
33, 920
1 427
31, 889
1,231
456
1 000
519
888
625
1 101
928
1,614
624
1,905
440
1,826
564
1,809
1,205
345, 179
247, 928
97, 232
41, 288
40, 775
376, 216
233, 526
142, 688
40 099
36, 120
353, 752
260, 125
87, 803
51 124
49, 871
394, 568
288, 159
86, 888
42 391
41, 060
353, 122
272, 280
69, 743
3,687
765
246, 276
202, 930
35, 775
5 722
3,466
138, 548
98, 873
28, 897
2 541
1,451
171, 386
151, 084
3,016
1,075
350, 622
231, 559
119, 041
45 080
36, 724
310, 708
214, 601
96, 108
36 012
31,080
' 1, 813
664
1,739
488
348, 212
218, 573
124, 162
64, 532
59, 880
.061
.061
.060
.061
.061
.061
.063
.063
.064
.065
.061
.062
p. 061
.499
.085
7,786
.500
.086
6,997
.500
.086
9,893
.500
.086
7,564
.500
086
7,560
.500
.086
9,605
.507
087
7,696
.512
.088
4,777
.518
.088
10,344
.522
.089
8, 197
.526
.089
7,394
.525
.089
10, 402
.526
p. 089
' i 2, 180
4,587
4,783
5,353
352
317
292
347
4,019
4,270
4,869
4,666
22
174
80, 854
9,603
70 201
11, 506
42 763
9,940
22
170
57, 743
8,434
30 389
10, 077
27, 066
10, 298
24
175
32, 432
9,662
5,212
35 489
11, 172
21
195
30 505
9,304
23 094
10, 193
36 274
11, 206
16 029
6,185
6,582
3,262
16 737
6,723
6,641
3,373
15 457
6,787
5,415
3,254
12 467
5,567
4,770
2,131
17 247
7,020
6,707
3 520
15 088
6,021
6,189
2,879
17 801
6,964
7,205
3,632
15 346
6,331
5,970
3,045
11, 558
4,864
4,246
2,448
15 917
6,539
6,031
3,347
13 268
5,510
4,858
2,900
14 345
r 5, 935
5,399
3,011
14 927
6,058
5,763
3,107
2 430
30, 185
501 228
2 751
36, 164
553 654
2 941
34, 303
477 276
2,497
31, 032
428 309
2 881
37, 560
514 905
2 954
30,403
456 019
2,674
37, 193
549 541
2 585
33, 585
632 063
2,572
25, 070
364 509
2 714
35, 982
437 127
2 463
31, 688
391 193
2 267
33, 222
421, 950
2 721
32, 059
470, 129
15 761
1,284
16 593
1,410
14 969
1.567
12 321
1,507
17 158
1,346
14 644
1,551
17 245
1,310
14 949
907
11 709
1,475
15 472
1,171
12 997
1,337
14 118
1,326
14 493
1,306
3 938
3 938
3 938
3 938
3 938
3 938
3 938
3 938
3 938
3 938
3 938
3 938
p 3 938
30 295
9,741
29 242
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports total hides and skins 9
thous of Ib
Calf and kip skins
thous of pieces
Cattle hides
do
Goat and kid skins
do
Sheep and lamb skins
do
Prices, wholesale (Chicago) :
Calfskins packer heavy 9^£/15 Ib
dol per Ib
Hides steer, heavv, native, over 53 Ib
do
15, 445
86
42
2,611
3,494
18, 316
132
42
2,666
3,594
14, 833
83
21
2,256
4,012
11,421
'133
'31
2,623
1,454
14, 545
74
34
2,534
3,451
7,761
69
34
1,798
882
9,772
57
24
1,759
2,046
7,898
43
21
1,325
1,429
9,382
150
32
1,936
1,032
10, 508
103
14
2,205
1,437
8,497
165
13
1.010
2,189
15, 368
97
2
2,291
3,220
.525
.123
.500
.123
.500
.128
.500
.133
.500
.138
.525
.148
.450
.128
.488
.128
.475
.108
.438
.103
.463
.090
.463
.095
722
' 1, 993
' 1, 699
' 1, 784
872
2,254
2,064
2, 065
'844
' 2. 164
1,892
2,225
813
2,173
1,951
2,359
66
13
3,092
54
35
2,923
53
65
2,644
124
20
3,840
66
8
2,831
.625
.625
.610
.610
p. 595
LEATHER
Production.
668
759
644
586
Calf and whole kip
thous. of skins
701
738
737
496
' 2, 382 ' 2, 093 ' 1, 733 ' 2, 226 ' 1, 979 ' 2, 288 ' 2, 197
Cattle hide and side kip
thous of hides and kips « r 2, 180
' 2, 241 ' 1, 859
Goat and kid
thous. of skins « ' 2, 154 ' 2, 547 ' 2, 068 ' 1, 836 '2,066 '1,750
' 2, 222 ' 1, 836 ' 2, 648 ' 2, 203 ' 2, 264 : 2, 155
« ' 2, 407 ••2,505
Sheep a n d lamb
__ do
Exports:
Sole leather:
46
Bends, backs, and sides
thous of Ib
39
46
51
84
(2)
(22)
(22)
36
Offal including welting and belting offal
do
17
31
13
22
( )
()
(2)
3,633
Upper leather
thous of sq ft
3 2, 466 3 2, 978 3 2, 439
3,054
3,053
2,000
2,891
Prices, wholesale:
Sole, bends, light, f. o. b. tannery
,__dol. per lb._
.625
.630
.630
.630
.625
.625
.620
.630
Upper, chrome calf, B and O grades, f. o. b. tan1.123
1.123
1.118
1.125
1.078
1.118
1.145
1.118
nerv
dol. per so. ft. ' Revised.
*> Preliminary.
« Revisions for January-March 1956 (unit as above): Cattle hide and side kip—2,224; 2,328; 2,285;
2,572;
2,399.
1
2
3
December 1 estimate of 1956 crop.
Not separately available.
Excludes small quantities combined with other types.
rfBags of 132 Ib.
§Data represent price for New York and Northeastern New Jersey.
p. 513
p. 095
1.112
P! 158
1.145
1.118
1.145
goat and kid—2,258; 2,383; 2,242; sheep and lamb—2,246:
9 Includes data for types not shown separately.
June 105'
SUEVEY OF CURRENT BUSINESS
Unless otherwise stated statistics through 1954 and '
descriptive notes are shown in the 1955 edition of j
BUSINESS STATISTICS
April
May
June
July
S-31
1956
a f
1 r\ *. v* '!xr
DecemAugust beptemv.
October I N ovem-L
ber
1957
January
February
March
April
May
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
Masses' 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 (nurses'), side upper, Goodyear
welt
_
-_1 947-49 = 100- .
Women's and misses' pumps, suede split
do_
48 968
48 289
44 806
42 771
55 656
45 485
52 939
46 926
41 944
51 535
51 398
r 55 085
52 836
43, 240
41, 909
38, 408
36,715
46, 346
37 106
42 12S
38 267
37 107
47 410
45 8*7
*• 48 815
46 457
9 643
1, 761
22 861
5 724
3, 251
9 789
1, 930
21 194
5 787
3 209
7 893
1, 622
20 783
5 474
2 636
7 337
1, 628
20 406
5 087
2 257
9 583
2 044
25 030
6 635
3' 054
7 973
1 685
19 276
5 443
2 729
9 286
1*781
21 464
f>' 397
3 200
8 487
1 491
iq' 263
5 925
3 101
7
1
18
6
2
744
654
705
016
988
9 084
1 937
25 224
7 547
3 618
8 722
1 771
24 774
7' 999
3 488
5, 153
5 660
5 624
5 181
8 222
7 554
9 183
' 553
7 671
4 182
2 859
4 345
375
333
576
412
264
482
173
326
477
789
225
463
743
272
541
687
421
451
124
*287
486
234
1
288
473
301
1
236
368
507
232
546
542
352
493
332
291
T
r
9
I
r
26
rg
T3
642
950
536
931
756
f 5 042
9
2
25
6
3
366
116
222
275
478
5 135
451
793
385
124.1
124.1
124.1
124.1
124.1
124 1
124 1
124 1
124 1
124 1
124 1
124 1
p 124 1
129.9
117.4
129.9
117.4
129. 9
117.4
129.9
117.4
129.9
117.4
129 9
117 4
131 3
117 4
131.3
117 4
131 3
117 4
131 3
117 8
131 3
117 8
131 3
117 8
p 131.3
p 118 9
2 720
LUMBER AND MANUFACTURES
LUMBER— ALL TYPES
National Lumber Manufacturers Association: t
Production total
mil bd. ft
Hardwoods
do
Softwoods - --_
- _- do
Shipments, total
do
Hardwoods
_.
do
Softwoods
do
Stocks, gross (mill and concentration yards) , end of
month, total
_ _ _ _ _ _ _ mil. b d . f t
Hardwoods
do
Softwoods -- - do
Exports, total sawmill products
Imports, total sawmill products t ..
M bd. ft
-do
3 145
3 431
3 312
3 067
3 538
3 147
3 403
2 975
2 554
2 612
2 807
2 950
2,548
2,804
2,672
2,434
2,880
2,489
2 749
2 368
2 003
2 159
2 039
2 253
2 449
3,268
3 381
3, 167
2 949
3 262
2 871
3 156
2 804
2 390
2 625
2,610
2 438
2 706
2 300
2 572
556
535
2 248
1 883
2 116
1 951
2 758
' 527
2 231
3 023
2,788
507
2 486
2,629
8,399
3,089
5,310
8, 450
3 123
5,327
8,598
3,206
5,392
8,716
3 328
5,388
8,991
3 430
5,561
9 247
3 517
5 730
9 496
3 586
5 910
9 660
3 637
6 023
9 824
3 681
6 143
9 863
3 733
6' 130
9 9gq
3' 771
6 218
10 037
3 797
6 240
9 990
3? 786
6 204
61, 269
265, 126
59, 587
272, 264
67, 974
290, 501
70, 485
327, 726
64, 036
332 975
61,639
294 491
70 035
314 368
55 235
979 133
82 249
227 006
56 983
175 509
66 281
206 386
80 341
250 060
66 776
804
734
783
828
988
798
668
843
864
968
697
583
767
781
954
712
589
655
706
902
752
566
830
775
956
652
554
717
664
798
578
825
774
683
537
761
725
679
608
633
607
651
585
689
674
634
582
692
637
752
636
760
699
1,010
1 068
1 097
1 1°2
1 082
1 137
1 198
804
629
808
812
1,221
25, 805
23, 300
(2)
(2)
(2)
(2)
28 398
34 013
21,310
12 703
23, 669
12, 882
10, 787
27 664
16 699
10 965
33 500
19' 286
14 214
24 959
14 117
10 152
37 584
22 225
15 359
22 775
12 858
9 917
35 040
19 437
15 603
33 831
19 692
14 139
31 370
2o' 426
10 944
81 603
80 654
81 989
80 905
131 308 r 129 74^ pl28 306
597
639
627
593
640
557
633
511
658
556
658
571
654
584
607
550
561
509
554
573
501
512
2 511
SOFTWOODS
Douglas fir:{
Orders new
Orders, unfilled, end of month
Production _ _ _ _
Shipments
Stocks, gross, mill, end of month
mil. bd ft
do
do_ _
_do
_ _ _ do.
Exports, total sawmill products
_
M bd. ft
Sawed timber _
_ _ _
_ __ do
Boards, planks, scantlings, etc
do
Prices, wholesale:
Construction, No. 1, dried, 2" x 4", R. L.
dol. per M bd. ft..
Flooring, O and better, F. G., I" x 4", R. L.
dol. per M bd. ft
Southern
pine:
Orde?-s, n e w
___
_ _ mil. b d . f t
Orders, unfilled, end of month
do
Production
__ _ _
_ _ _
do
Shipments
do
Stocks, gross (mill and concentration yards), end of
month
_ _ _ _ _ _
mil. bd. ft
Exports, total sawmill products
M bd ft
Sawed timber
__ _ _ _ _ _ _ _ _
._ do_ _
Boards, planks, scantlings, etc
do_
Prices, wholesale, composite:
Boards, No, 2 and better, 1" x 6", R. L.
dol. per M bd. ft_Flooring, B and better, F. G., 1" x 4", S. L.
dol. p e r M b d . ft__
Western pine:
Orders, new
mil bd ft
Orders, unfilled, end of month-. ___ _
do
Production
_
do
Shipments
do
Stocks, gross, mill, end of month
__ do
Price, wholesale, Ponderosa, boards, No. 3 common,
I"x8".
dol. per M bd. ft_-
(2)
(2)
89.915
89. 786
89. 174
88. 206
86. 773
85. 089
83. 159
135. 001
135 234
134. 989
132 570
131.247
130 879
129 685
130 646
130 034
131 390
727
287
714
710
723
261
760
749
664
240
691
685
675
221
690
694
730
215
729
736
641
2ii
650
645
711
198
744
724
619
174
690
643
516
158
615
532
658
178
738
638
1,810
5,639
1,821
7,567
1,827
7,208
1,823
7 983
2, 010
5,973
1,816
8 614
1, 740
6, 874
1 821
5 966
1 918
4,048
1 841
6 100
1,454
4 646
1 888
6 Q79
1 841
5 138
1 971
9 536
1 809
7 727
2 071
Q 851
1 203
5 648
(2)
(2)
(2)
(2)
(2)
(2)
83. 826
83. 035
81. 891
82. 425
81.884
81. 884
81. 794
81 794
82 062
80 465
154. 179
154. 546
153. 934
154. 154
154. 338
154.154
154. 154
153 970
153. 542
152 133
681
489
671
690
714
441
788
762
733
424
818
749
685
415
746
694
730
347
912
799
681
359
769
668
733
361
808
731
626
319
600
584
554
365
501
508
540
375
451
530
r
80 1 70 p 80. 884
557
180
570
555
2
7
1
6
2
9
2
7
086
505
451
054
78 395
r
634
166
616
648
674
191
633
649
054
240
217
023
2 038
8 283
1 946
6, 337
78 135 p 77 791
148. 779 f 148. 473 pl47 894
511
395
486
492
628
451
558
572
657
430
653
678
1,654
1,680
1,750
1, 803
1,917
2, 017
2 094
2 110
2 103
2 024
2 018
2 004
1 979
83.50
83.67
82.21
79.80
77.39
73.53
70.83
70.10
71. 46
72 52
73 38
73 38
p 74. 1 87
4,900
16, 050
4,050
3 600
8,500
5,325
16 900
4, 250
4 100
8,700
4,350
15 400
4,000
5 025
7,700
4, 525
15 450
3 225
4 300
6,555
4,375
14, 550
4, 350
5 000
6, 200
3,000
13 350
3,300
3 500
6 350
2,700
13 000
3,700
3 100
7 050
4,000
13 250
3 700
3 350
7 300
3,950
13 350
3 600
3 375
7 500
4,250
13 750
4 300
3 850
8 100
3,475
14 025
3 700
3 150
8 650
3,950
14 150
3 760
3 350
9 150
4,000
13 850
4 200
3 750
9 550
91, 136
82, 346
93, 738
91,370
74, 556
85, 603
74, 889
104 641
100, 007
79. 190
78, 010
62, 224
96 955
93, 349
80, 516
79, 691
55, 624
87 880
86, 291
81. 038
92, 406
49, 448
102, 497
97, 807
87, 716
72, 917
40, 867
87, 730
84, 993
88. 885
86 426
35, 800
100 475
93, 729
95. 631
62 525
29, 630
70 985
65 903
106, 574
80 671
33, 573
87 010
78 490
115. 094
73 683
37 624
74 467
69' 632
119. 929
HARDWOOD FLOORING
Maple, beech, and birch:
Orders, new
M bd. ft__
Orders, unfilled, end of month
do
Production __
do
Shipments
do
Stocks, gross, mill, end of month
do
Oak:
Orders, new _ _
do
Orders, unfilled, end of month
_ _ _ _ _ __do
Production _
do
Shipments
. .
_
do
Stocks, gross, mill, end of month
__do
74
32
86
80
101.
843
296
462
601
492
92
50
72
77
111.
442
514
561
471
676
88 280
57 087
77 730
81 707
106. 162
l
2
'Revised.
» Preliminary.
Excludes exports of infants' and children's shoes.
Not available.
^Revisions to be shown later are as follows: All types of lumber, January 1954-March 1955; imports of sawmill products, April 1955-January 1956; Douglas fir, January 1953-October 1955.
SUEVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
June 1957
1956
April
May
June
July
1957
DecemOctober NovemAugust September
ber
ber
January
February
March
April
May
473, 105
505, 074
LUMBER AND MANUFACTURES—Continued
PLYWOOD
Hardwood (except container and packaging) :
Shipments (market), quarterly total
M sq. ft., surface measure _ _
Inventories (for sale) end of quarter
do
Softwood (Douglas fir only), production
M sq. ft., %" equivalent. . 446, 925
212, 892
39, 183
431, 560
372, 282
188, 529
39, 186
355, 424
475, 763
411,981
'212,701
r
51,087
493, 563
444, 773
506, 066
192,127
39 263
439, 595
405, 013
404, 061
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfrs.):
Exports, totalcf
short tons.. 918, 221
480,170
Scrapcf
_ _ _ - _do
141,590
Imports, totalcf
do
11, 576
Scrap _- . __
do
1.008,246 914, 645
574,915 531, 516
177, 702 162, 642
10, 214
13, 914
701, 488
438, 908
168, 926
13, 102
710, 271
472, 165
225, 631
26, 907
908, 956
545, 470
178,934
25, 024
1,1^0,215
683, 537
255. 122
24, 788
923, 148 1,160,670
490, 708 621, 775
296, 827 225, 532
28, 753
25, 607
981,
726,
213,
20,
743 1,016,175 1,401,916 1,293.189
244 607, 765 775. 968 646, 698
757 184, 434 187, 409
741
19, 571
11, 267
Iron and Steel Scrap
Production and receipts, total thous. of short
Home scrap produced
__
Purchased scrap received (net)
Consumption, total
Stocks, consumers', end of month
7, 145
3,934
3,210
7,270
6,737
7, 586
3, 947
3, 639
7,271
7,054
6, 595
3, 677
2 918
6, 714
6,934
2,304
989
1,315
2,225
7,013
6,127
3, 270
2, 857
6, ] 08
7,027
6,733
3, 755
2,978
6 979
6, 786
7 664
4, 162
3 502
7 529
6, 923
7,108
3,941
3, 167
8,084
7,332
9, 657
12,970
13, 728
8,918
13, 233
13, 879
8,459
1,490
2,143
7,806
9, 962
9. 898
7, 854
13, 404
13.512
7,716
13,852
5, 674
7, 453
19,373
17. 184
2, 189
12, 554
7, 910
24, 010
21,449
2, 562
12 939
7,194
30, 835
27, 468
3,367
2, 666
8, 045
i 6, 858
35, 475
31, 901
3 574
12,745
7,217
41,213
37, 376
3, 837
1, 623
63
3,012
63
3,081
89
2, 638
73
4,077
85
1,145
1,218
702
1,086
1,236
737
1,041
1, 152
687
1,109
763
488
99, 573
83, 320
47 064
93, 677
80, 138
51, 053
86, 247
75, 635
45, 022
6, 925
6, 806
6,921
6, 792
2, 186
59. 65
60. 00
60.50
tons
do
do
do
do
7,475
3,970
7,320
4,070
3, 251
3,744
2,997
7,063
6,958
3, 505
7 017
7.416
7.427
6, 763
7,312
7,306
8, 351
10, 288
4,837
4,448
5,699
3,841
1,901
3,560
1,817
3,717
1, 855
7,649
9,398
11,254
6,741
P 7,
v 3,
p 3,
p 7,
p 7,
097
952
145
038
356
Ore
Iron ore:
All districts:
Mine production
_. ._
thous. of long tons
Shipments
_
do
Stocks, at mines, end of month _ _ _ _ _ . . . _
do _
Lake Superior district (U. S. and Canadian ores):
Shipments from upper lake ports
do
Consumption by furnaces§
__
do
Stocks, end of month, total§
do
At furnaces §
do
On Lake Erie docks§
do
Importscf
do
Manganese ore, imports (manganese content) cf do
r
14, 305
7,263
12,628
5,327
8,801
7, 485
50, 537
45 947
4 591
1,580
0
7, 556
47, 483
43, 235
4, 248,
7,840
45, 508
7, 892
37, 484
33. 580
30, 110
4 277
3,905
3 293
19 672
2 270
3,537
65
3, 877
2, 608
1,630
1, 692
64
96
92
1, 357
103
1 458
1,074
1. 103
672
1,037
1,110
649
996
917
1,275
1, 176
92, 078
54, 340
31,300
91.883
74, 422
43 479
92, 553
69, 380
41, 902
6, 435
6, 319
1,107
1,079
5,142
5, 1 73
2,292
2, 315
2,419
59. 65
60. 00
60. 50
59. 65
60. 00
60.50
61. 08
60. 00
63. 00
41,231
0
7,099
26,817
89
0
7, 602
21,941
3,987
7,
17,
15
1
12 728
158
167
170
996
89
Pig Iron and Iron Manufactures
Castings, gray iron:
Orders, unfilled, for sale
-thous. of short tons
Shipments, total
do
For sale
do
Castings, malleable iron:
Orders, unfilled, for sale
short tons
Shipments, total
do
For sale
do
Pig iron:
Production
thous. of short tons
Consumption
do
Stocks (consumers' and suppliers'), end of month
thous. of short tons..
Prices, wholesale:
Composite. _
.___.
dol. per long ton
Basic (furnace)
do. _
Foundry, No. 2, Northern
do
920
905
931
1, 109
935
1,213
587
642
1,103
1 133
635
92, 734
81 528
50 219
89, 977
82 717
47 979
92.311
76, 35?
44 268
93, 886
85 977
51 508
90, 725
78 028
46 729
89, 431
r 78 013
48 311
6, 933
6. 780
7,316
7, 224
7, 036
6 986
7, 335
7, 164
7, 282
1\ 200
6, 658
6 563
v 6 891
2, 326
2 390
2, 380
2,308
2, 355
2,268
2,241
f 2, 437
62. 35
62. 50
63.00
62. 45
62. 50
63. 00
62. 45
62. 50
63. (JO
62. 45
62. 50
63. 00
62 45
62. 50
63. 00
62. 45
62. 50
62 45
62. 50
63. 00
63 84
64 05
64.50 P 64. 50
' 65. 00 p 65. 00
734
63.00
582
604
7,247
6, 871
64 05
Steel, Crude and Semimanufactures
Steel castings:
163, 708 178, 227 104, 661 1 1 7, 984 159 831 155 i)!0 1 7,\ 630 164 114 158,725 169 240 154 932 r 100 054
Shipments, total
short tons
125,015 142. 025 129, 147
96, 350 127,001 121.7(15 i;i,i. 798 126, 900 ] 25, 509 133, 826 121, 667 124,416
For sale, total
do
27 igi
3 1 762
32 905
27 475
35 949
33 496
19 833
31 296
34 080
99 90S
Railway specialties
do
30 0%
°8 °84
Steel forcings (for sale):
,538. 7
551.3
539. 6
569. 4
Orders, unfilled. __ . .
thous. of short tons
537. y
536. 9
619.9
562. 4
546. 9
517 0
496 9
532 9
553 4
143.4
148. 3
98. 5
150.6
129.6
150.0
147. 7
Shipments, total
do
121. 5
123. 2
135 0
134 5
K-tQ 0
145 8
96. 3
112.0
76.2
88. 2
103. 4
110.8
Drop and upset __
.
_
_ .... do
113.0
102.2
100. 3
89. 1
114.8
103 4
107 9
37. 5
35.2
Press and open hammer _ _ . _ _ .
do
33.3
22.2
40.1
38.6
34. 7
33.3
34.0
32 8
34 2
37 9
35 6
Steel ingots and steel for castings:
r q «1 -,
11, 049
9. 721
1,622
10, 490
10, 524
Production .
do
10 838
11 009
10, 423
8 123
9 987
10 589
9 808
10 550
Q2
99
99
96
101
15
Percent of capacitvj ... . .
...
75
100
97
98
93
100
90
87
Prices, wholesale:
0627
. 0583
0697
. 0583
.0583
. 0581
Composite, finished steel
dol. per Ib
0628
0629
0626
. 0620
0632
0633
0633
0635
Steel billets, rerolling, carbon, f. o. b. mill
78. 50
78. 50
84. 00
84. 00
78. 50
78. 50
dol. per short ton. _
84. 00
84.00
84. 00
84.00
89.00
89.00 p 89 00
. 0487
. 0487
Structural shapes (carbon), f. o. b. mill. dol. per Ib
. 0527
. 0487
. 0527
. 0487
. 0527
. 0553
.0527
.0527
. 0567
. 0567 p . 0567
Steel scrap, No. 1, heavy melting (Pittsburgh)
54. 50
49. 50
44.50
55. 50
44.50
58. 50
54. 00
dol. per long ton_.
62.50
66. 50
53.50
62.50
50.50 P 41. 50
Steel, Manufactured Products
Barrels and drums, steel, heavy types (for sale) :
2, 334
2,322
2,502
Orders, unfilled, end of month
thousands.
2, 536
2,126
2, 070
2. 266
1, 708
2. 308
1, 895
2, 152
2,198
2, 294
Shipments
do
2, 469
2, 379
2, 659
1,874
1,731
2, 035
1,907
1,914
1,878
1,911
1,803
69
Stocks, end of month
do __
09
65
59
57
' 62
62
62
65
61
69
64
Cans, metal, shipments (in terms of steel consumed),
total for sale and own use
short tons.. 483, 628 338, 367 405, 083 448. 529 593, 912 533, 261 516, 540 265, 169 267, 144 314, 488 280, 395 323, 791 506, 329
322, 941 183,298 224, 299 266, 336 418,959 392, 158 352, 673 154 249 153 092 183 2()3 161 659 178 913 335 532
Food
_ _ _
do
160,687 155,069 180, 784 182, 193 174, 953 141, 103 163,867 110 920 114 052 131 195 118 736 144 878 170 797
Nonfood . _
do
424, 140 279, 136 345, 430 396, 151 531,036 458. 039 453, 970 219, 267 221, 290 262, 984 234, 194 267! 700 446,312
Shipments for sale
do
Closures (for glass containers), production
millions. . T 1, 505 r 1, 598 r 1, 499
1,594
1,390
1,280
1,368
1, 685
1,403
1,393
1,436
1, 251
1,443
Crowns, production
thousand gross.. 37, 619
24, 548
23, 862
24, 870
20, 566
18, 883
21, 289
22, 724
16, 941
16, 706
29. 712
24. 091
29. 068
r
Revised.
p Preliminary.
1 Total for July-August.
§ Beginning 1956, data (compiled jointly by The Lake Superior Iron Ore Association and American Iron and Steel Institute} reflect increased coverage of approximately 70 U. S. and Canadian
furnaces. Also, some U. S. ore previously reported as held on Lake Erie docks is now included in stocks at furnace yards, and certain small stocks of ore, not fully reported in earlier data, are
now more accurately represented. Comparable figures for earlier periods are not available.
^Revisions for 1954 appear in the June 1956 SURVEY and for 1955 in the October 1956 issue, p. S-35
(except that for 1955, exports of iron and steel products are further revised as follows (short tons): Total—May, 854,549- June, 879,842- September. 789530- November 815810- scran—Mav
487,300; June, 545,812; November, 446,451).
»
» ,
^
»
, ,
,
. , • P ^ J,
% For 1957, percent of capacity is calculated on annual capacity as of January 1, 1957, of 133,459,150 tons of steel; for 1956, data are based on capacity as of January 1, 1956 (128,363,090 tons).
(
NOTE FOR STEEL PRODUCTS, p. S-33.—Data for semifinished products comprise ingots, blooms, slabs, billets, etc., skelp, and wire rods (formerly included with wire and wire
products); rails and accessories include wheels and axles. Monthly data for 1950-54 and annual shipments beginning 1933 on the revised basis will be shown later.
June 1957
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
SURVEY OF CUKKENT BUSINESS
S-33
1957
1956
April
May
June
July
DecemOctober NovemAugust September
ber
ber
January
February
March
April
May
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel, Manufactured Products — Continued
Steel products, net shipments:!
7, 822
7,931
1,289
7, 350
7, 067
7,431
5,540
8,078
7, 809
7, 765
7, 064
7, 058
7,784
Total (all grades)
thous. of short tons,..
437
3291
358
380
390
400
417
393
360
367
399
387
Semifinished products
do
668
3472
631
573
538
583
600
516
569
543
478
564
Structural shapes (heavy) , steel piling
do
881
775
754
876
777
796
3631
763
747
695
712
607
Plates
do
232
3152
203
232
208
224
197
215
206
211
233
214
Rails and accessories
do
1, 145
3 1, 052
1,218
1,288
1, 085
1,180
1,124
1,030
1, 262
1,267
1,209
Bars and tool steel total
do
1, 166
768
3 645
826
802
820
849
713
756
853
687
801
Bars: Hot rolled (incl. light shapes)
do
788
240
275
235
224
250
250
234
3238
230
216
228
Reinforcing
do
240
128
1 °7
139
174
144
152
125
3152
118
171
167
Cold
finished
do
129
1,034
3 857
905
931
1,000
974
990
1, 055
914
1, 039
831
915
Pipe and tub in0"
do
312
3339
304
298
348
314
342
457
408
375
"Wire and wire products
do
263
809
3544
875
529
451
625
485
588
539
649
787
Tin mill products (inel. black plate)
do
406
2, 302
2, 674
3 2, 492
2,796
2,739
2, 070
2, 347
2, 602
2, 733
2, 353
2, 655
Sheets arid strip (incl. electrical), total
do
2, 532
753
3709
794
680
802
816
731
840
705
847
798
Sheets* Hot rolled
do
826
4 1, 026
4 1, 083
1,189
31,100
1,211
1,268
1, 191
1, 046
1,277
Cold rolled (incl. enameling) _
do
4907
1,130 < 1, 232
NONFERROUS METALS AND PRODUCTS*
Aluminum:
92, 406 132,316 149,125 145, 081 148, 391 147,029 119,059 -135,706 139, 152
Production, primary, domestic
short tons.- 144, 726 1 50, 800 145, 726 151.624
28, 131
32, 571
26, 258
28, 576
26, 740
30. 389
34, 997
29, 154
30, 471 P 32, 948
33, 520
Estimated recovery from scrap0
do
28, 164
Imports (general):
23, 068
25, 924
18,810
18. 648
15,423
19,217
19, 885
17, 244
13 572
17, 577
23, 097
ATetal and alloys crude
do
21, 478
1,774
1, 731
1 265
1 501
2 185
1,490
1, 682
1,657
1 808
1, 252
1, 798
Plites sheets etc
do
1 361
. 2710
. 2671
. 2590
.2710
.2710
.2710
.2710
. 2590
. 2590
. 2710
.2710
.2710
. 2590
Price, primary ingot, 99%+
dol. per Ib
. 2710
Aluminum shipments:
354. 6
r 343. 9
318.9
313.3
377. 3
339 0
361. 9
307.7
332.3
306. 5
330. 4
367. 3
281.4
Mill products and pig and ingot (net)
mil. of lb__
264. 3
247. 8
217.8
240. 6
' 229. 8 238. 2
218. 3
252. 9
217.4
260. 5
206. 4
234. 8
AT ill products total
do
194. 8
104. 3
136. 5
132.5
r 120. 1
109. 8
117. 1
139.6
147. 6
114. 6
126.8
126. 0
143.9
Plate and sheet
do
99. 9
r
61.4
62.5
74.5
58.2
65. 8
69. 5
69.7
74.2
53.0
67.9
73.0
67.3
CastinrsA
do_
Copper:
Production:
85, 292
92, 067
94, 942
99, 682
90, 256 ' 95, 167
80, 600
88, 632
93, 690
95, 608
94 706
93 210
A/Tine recoverable copperA
short tons
87, 205
123,344 133,135 125,760 107, 565 109, 726 108, 789 125, 204 121,334 123,197 137. 362 114,263 128, 046
R pfin ery , primary
do
83,
583
92, 103
98,
008
81,814
90,
051
93,
542
82,
727
94
943
83,
239
98,
401
89,
277
"From domestic ores
do
84, 899
26, 1 43 26, 002
35. 943
25, 751
35, 709
35,127
28, 401
32, 057
31, 662
31 , 024
38, 961
From fore km ores
do _ _
38, 298
1 9, 088
19, 372
19, 224
25, 780
24, 318
19,821
20, 492
21, 491
16, 597
15, 808
17, 383
Socondarv recovered as refined
do
22, 171
Imports (general) :
52, 446
52, 992
55, 339
58. 795
47, 882
49, 324
43, 088
41 , 652
58, 091
47, 881
63, 686
Refined, unref., scrap0O
do
60, 226
16, 155
13, 496
14, 345
16, 782
17, 497
14, 683
15, 994
14, 190
13, 697
15, 016
16, 687
Refined
-- - -- - -do
14, 970
Exports:
57, 151
16, 172
24, 047
40, 981
43, 107
25, 165
29, 312
27, 277
i 18,040 i 30, 303 ]17, 703
Refined, scrap, brass and bronze ingots©
do
50, 077
49, 243
41, 376
9, 392
23, 922
29, 769
15, 147
29, 933
21.213
18, 570
Refined
do „
32. 31 5
22, 025
12. 115
17, 836
39 620
82, 257 125, 690 115, 204 132, 256 116, 119 112, 119 132, 754 112,335 r 116, 700 123, 668
149, 326 148, 233 129, 748
Consumption refined (by mills, etc )f
do
161, 225 164, 055 181, 678 238, 947 236, 865 218, 596 221. 978 238, 901 237, 157 '228,268 '237,583 r 249, 583 244,217
Stocks refined, end of month, total __
. .do
108, 496 114, 898 129, 540 154, 902 147, 093 132, 407 121, 855 127, 544 121, 842 112, 696 '•101,822 110, 196 107, 590
Fabricators'
do
.3152
.3145
. 3960
.3258
.3553
.3862
.3963
. 4506
. 4553
Price bars electrolytic (N Y )
dol per Ib
.3570
,4081
.4616
.3565
Copper-base mill and foundry products, shipments
(quarterly) :
506
505
462
570
Brass mill products
mil. of Ib
409
363
405
433
Copper wire mill products©
do
^235
225
216
263
Brass and bronze foundry products
do
Lead :
Production:
29, 975
29, 136 >• 30, 865
27, 109
27,415
27, 969
29, 481
29, 705
Mine recoverable lead A
short tons
31, 548
30, 229
30, 630
28, 503
31,520
34, 498
33, 536
40, 429
38, 434
38, 483
36, 009
35, 356
33, 094
37, 049
Secondary, estimated recoverable© _
do
38, 283
34, 391
38, 650
38, 830
54, 063
56, 095
42, 145
36, 265
29, 982
43, 016
42, 635
41, 294
Imports (general), ore0, metalO
do
33, 527
28, 961
32, 804
Consumption, total
_ _
_do
97, 400
94, 400
89, 700 101, 400
85, 900 105, 900
98, 600
96, 400 101, 200
95, 000 110, 100 101, 000
Stocks, end of month:
Producers', ore, base bullion, and in process©
(ABMS)
short tons
117, 236 123, 621 130, 561 126, 960 133, 028 126,274 119,141 121,051 118,078 120, 975 123, 276 126, 053
39, 008
39, 129
37, 706
44, 369
48, 843
44, 833
40, 559
38, 650
52, 188
35, 196
47, 628
Refiners' (primary), ref. and aritimonial© do
40, 398
Consumers', total
do
131, 162 131, 243 119,613 123, 695 114,066 119,773 112, 753 102, 688 115,572 118, 124 117, 554 119, 375
49, 714
Scrap (lead-base, purchased), all consumers_do
52, 129
53. 339
49, 956
55,
465
57,
020
50, 798
53, 116
51, 903
56,
535
59,
111
58, 991
.1600
.1600
.1600
.1600
.1600
.1600
.1600
Price, pig, desilverized (N. Y.)
dol. per Ib
.1600
.1600
.1600
.1600
. 1600
. 1600
Tin:
2265
1,929
1,211
Production, pig, total
long tons__
2260
2,049
1,788
1,993
1,694
2,250
2,075
1,587
2207
Imports for consumption:
1,182
1,053
Ore©.
do
23
15
1,462
679
1,890
0
127
1,224
918
1,230
4,707
5, 231
4, 746
6, 285
5,894
4, 557
4,598
4, 348
Bars, pigs, etc
do
3, 964
4,835
5,380
6, 625
7, 400
4,415
7,415
7, 615
Consumption, pig total
do
7,140
7, 995
7,270
7, 390
7, 965
8,000
8,420
7, 410
5, 110
5, 550
5,230
4,895
5,440
5,305
2, 455
4,915
5, 045
5,380
Primarv_
do
5, 000
5,775
243
88
260 ~
99
120
19
20
26
112
16
20
97
Exports, incl. reexports (metal) O
do
90
Stocks, pig, end of month total
do
15, 222
16, 182
18, 420
19, 135
19,050
18, 190
20, 121
19.272
18, 353
20, 589
16, 787
15, 411
15,195
18, 420
19, 135
19, 105
17, 570
14, 785
Industry
do
18, 190
17, 640
16, 760
14, 900
18, 390
18, 670
. 9948 ""9936"
1. 0401 1.0135
1. 0357
.9616
. 9688
Price, pig, Straits (N. Y.), prompt
dol. p e r l b _ _
.9832
1. 0022
. 9896
.9448
. 9917
1.1026
1. 0572
Zinc:
45, 847 r 50, 420
42, 963
45, 093
47, 232
Mine production, recoverable zincA
short tons__ 44, 888
51,057
44, 084
49, 186
45, 449
45, 437
48, 861
41, 980
Imports (general):
42, 296
42, 189
39, 688
Ores and concentrates©©
do
45, 425
39, 803
50, 462
38, 093
43, 453
41, 314
41, 955
47, 182
37, 960
22, 761
46, 452
27, 494
14, 124
Metal (slab blocks)©
do
24, 288
26, 094
14, 179
10, 691
14,081
12, 631
27, 580
31, 079
Slab zinc:
Production (primary smelter), from domestic and
82, 638
foreirn ores
short tons
89, 860
91. 496
86, 748
84, 583
78, 914
72, 884
75, 674
85, 478
84,395
81, 237
85, 797
7, 064
6,841
6, 026
Secondary (redistilled) production, total
do
6,738
6, 704
5, 652
5,154
4,166
5, 564
6, 330
7,696
5, 437
78, 384
82, 272
Consumption, fabricators', total
do
80, 752
87, 224
87, 222
90, 490
77, 155
46, 548
72,815
81, 876
94, 777
80, 258
1,201
987
503
413
496
1,
091
602
1 , 083
Exports
do
629
647
413
952
657
Stocks, end of month:
89, 357 r 105, 531 112, 775
70, 185
69, 226 102, 775 104,307 102, 165
47, 907
Producers', smelter (AZI)
do
78, 974 r 86, 889
59, 577
68, 622
88,810
89, 502
88, 232
90, 500
97, 325 100,665
98, 642
128, 050 119, 275 108, 557 103, 988
93, 896
95, 269
Consumers'
do
. 1350
. 1350
. 1350
. 1350
. 1350
. 1350
. 1350
. 1350
. 1350
. 1350
. 1350
.1350
.1350
Price, prime Western (St. Louis)
dol. per lb__
6, 552
7, 820
7,004
9,050
7. 794
8 968
8, 136
7,534
7, 685
5,827
5, 761
8,478
Zinc oxide (zinc content of ore consumed) .short tons,.
8, 017
r
l
2
Revised.
» Preliminary.
Data for January-June 1956 exclude exports of brass and bronze ingots; such exports averaged 68 tons per month in 1955.
Secondary plants only.
3
4
For July and August.
Excludes shipments of enameling sheets.
©Basic metal content.
§ Beginning with the March 1956 SURVEY, data reflect regrouping of products. For changes not self-explanatory, see note at bottom of p. S-32.
*New (or substituted) series in most cases. All series (except as noted) are compiled by the U. S. Department of Interior, Bureau of Mines; data prior to August 1954 for new series will be
shown later. General imports comprise imports for immediate consumption plus material entering the country under bond. Aluminum—prices of aluminum ingot are as quoted by the
American Metal Market; shipments of mill products plus pig and ingot are compiled jointly by the U. S. Department of Commerce, BDSA and Bureau of the Census. Copper—secondary production, exports, consumption, and stocks of copper and shipments of mill and foundry products are compiled by BDSA. Lead—producers' stocks of lead ore and bullion are compiled by
the American Bureau of Metal Statistics; stocks of scrap lead are in gross weight. Zinc—primary smelter production of slab zinc is derived by subtracting secondary (redistilled) production
at primary and secondary smelters (compiled by Bureau of Mines) from total smelter production (compiled by American Zinc Institute).
ARevisions for 1954 (and 1955 for lead) are available upon request,
©Revisions for earlier months appear in the July 1956 SURVEY.
tRcvisions for August 1954-September 1955 will be shown later.
:::::::::
SURVEY OF CUKRENT BUSINESS
S-34
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
June 1957
1956
April
June
May
July
1957
DecemAugust Septem- October November
ber
January
February
March
April
May
METALS AND MANUFACTURES—Continued
HEATING APPARATUS, EXCEPT ELECTRIC
Radiators and convectors, cast iron:
1,900
Shipments
thous of sq. ft. of radiation _
6,082
Stocks, end of month
_ _ _ _
do
Oil burners:
50,
798
Shipments
number
77, 713
Stocks end of month
do
Stoves and ranges, domestic cooking, excl. electric:
174, 627
Shipments total
number
4 572
161, 322
Gas (incl bungalow and combination)©
do
8,733
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
\Vater heaters gas shipments
do
1,577
6,912
1,618
7,519
1, 959
6,626
2,996
5,977
3,089
5,277
3,719
4,263
2,589
4,074
1,756
3, 878
1,712
4,139
' 1, 797
' 4, 362
1,803
4,750
51, 650
80, 563
66, 498
75, 128
57, 752
74, 320
85, 278
64, 527
97, 746
51,778
94, 910
48, 903
64, 881
50, 162
38, 729
50, 329
45, 933
54, 460
42, 772
52, 345
43, 619
62, 532
178, 069
4, 159
166, 627
7,283
179, 899
4 154
169, 539
6,206
155, 725
4,065
146, 845
4,815
206, 506
7,183
187, 484
11, 839
204, 446
5 789
190, 984
7,673
217, 898
6 536
202, 850
8,512
161, 070
5 537
149, 675
5,858
134, 878
4,387
125, 139
5,352
146, 360 r 160, 792
4, 178
4 716
136, 248 ' 149,126
5,934
6,950
178, 695
4 000
163, 668
11,027
125, 580
14, 310
71, 694
39, 576
166, 167
18,511
99, 159
48, 497
206, 637
24, 269
132, 474
49, 894
280, 617
32, 832
183, 315
64, 470
348, 645
54, 526
215, 861
78, 258
347, 688
58, 212
195, 533
93, 943
383, 582
63, 483
224, 507
95, 592
242, 322
30, 905
160,611
50, 806
85, 536
10, 537
56, 140
18, 859
89, 855
6,379
56, 564
26, 912
90, 716
8,021
55, 660
27, 035
105, 041
9,870
54,011
41, 160
84, 992
57, 390
25 311
2,291
230, 056
93, 590
63, 751
26, 585
3,254
231, 388
104, 167
70, 204
30, 434
3, 529
236, 758
111,614
71, 962
34, 770
4,882
226, 532
159,704
99, 712
52, 873
7,119
237, 962
154, 509
94, 845
51,638
8,026
217, 277
133, 321
81 , 462
45, 118
6.741
225, 632
99, 543
62, 987
32 303
4.253
182 266
71, 305
47, 479
21, 201
2, 625
153, 198
75, 731
49, 228
23, 737
2,766
209, 953
66, 838
43, 708
20, 870
2,260
202, 173
74, 608
51, 030
21, 540
2,038
221, 764
MACHINERY AND APPARATUS
Blowers, fans, and unit heaters, quarterly totals:
Blowers and fans new orders
thous of dol
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
Industrial trucks (electric), shipments:
Hand (motorized)*
number
Rider-type
- _
do
Industrial trucks and tractors (gasoline-powered), shipments*
number
Machine tools (metal-cutting):© A
New orders (net) total
mil of dol
Domestic
do
Shipments total
do
Domestic
do
Estimated backlog
months
Pumps (steam, power, centrifugal and rotary), new
Tractors (except contractors' off -highway and garden) :A
Wheel-type
Tracklaying
-
_.
_-
_ _ _ ._
do
do -
47 824
19 954
52 275
20 297
75, 099
20 117
135.2
207.0
156.7
110.3
188.3
114.7
122.2
121.0
115. 6
117.9
188.4
127.0
1,924
6,182
2,035
1,178
2, 555
1,432
1,089
2,726
3,263
2,988
1,410
1,007
2,131
5,447
1,587
1,767
2,095
2,943
2,062
4,581
4,441
3,429
1,809
6,794
1,089
1,665
624
503
719
520
702
533
682
512
554
374
577
442
682
491
565
501
521
442
602
480
559
385
583
411
606
455
2,232
2,254
2,141
2,725
2,137
2,141
2, 191
2,206
1,977
1,837
1,610
1,909
1,941
79.30
74.00
71.80
65.00
8.4
87.10
79. 45
76.80
70.50
8.2
61.85
55. 65
76.25
69.55
7.8
61.90
55. 25
65.15
60.70
7.8
87.50
78.25
75. 10
69.00
7.7
78. 45
68.80
71.10
65. 40
7.7
66.10
57. 55
89. 75
79.85
7.2
64. 25
58. 70
81.70
73.60
6.7
57.20
51.90
85. 15
75. 05
6.2
63. 25
56.30
76. 55
67.55
6.0
58.20
51.10
77.70
72.05
5.8
58. 90
'51.30
>• 89. 10
r 78. 80
5.5
*51.30
P 45. 65
p 88. 10
P 77. 90
P5.0
92, 650
48, 606
44, 044
83, 965
45,390
38, 575
8 865
9 903
8 240
7,587
8,336
8 436
9 188
8 522
6 838
9 601
92 794
42, 996
49, 798
81 342
34, 054
47, 292
71, 849
27, 042
44, 807
57, 283
20, 840
36, 443
63, 321
24, 556
38, 765
63 231
29, 656
33, 575
63 322
27. 619
35, 703
55 471
22, 731
32, 740
63 656
29, 689
33, 967
74 635
38, 251
36, 384
82 060
43, 351
38, 709
1,368
1,761
1,807
2,178
2,571
2,711
3 015
2,592
2,265
2,638
1,961
155
147
142
160
146
159
132
136
151
127
151
352. 9
324.2
993.0
326. 0
315.2
1, 060. 2
248.3
340.2
1,073. 8
259. 8
380.2
566.7
276.9
373.9
990.8
320.3
402.6
'1,319.2
372.0
449.4
1, 348. 9
281.0
300.4
298.4
357. 9
1, 381. 8 U,715.2
276.7
331.3
1, 085. 5
549.6
467.9
1
336.9
612.9
i 894. 2
820.8
680.0
r
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), shipments t
Household electrical appliances:
Refrigeration output (seas adi )*
1947 49 — 100
Vacuum cleaners (standard type), sales billed
thousands. .
Washers, domestic sales billed D
do
Radio sets, production!
.__
_ do
Television sets (incl. combination), production §
thousands. _
Insulating materials and related products:
Insulating materials, sales billed, index
1947-49 — 100
Vulcanized fiber products: 9
Consumption of fiber paper
thous. of lb._
Steel conduit (rigid), shipments
thous. of ft_-
1
553. 0
1
450. 2
627. 0
r
300.9
312.7
286.2
319.6
1, 264. 8 !1,609.1
464.7
1
163.0
158.0
156.0
117.0
153.0
141.0
163.0
149.0
139.0
154.0
146.0
153. 0
4,900
2 050
43, 495
4,804
1 903
54, 144
3,540
1 450
42, 513
4,829
1,930
30, 344
4,158
1 694
28, 700
4, 674
1 956
31, 596
4,240
1 812
31, 156
4,464
1,784
33, 318
4,824
2,017
32, 913
4,302
1 917
33, 684
4.387
1 841
40, 916
12, 429
2 16, 648
2 18, 350
253.0
228 0
203 0
63, 427
51, 572
55, 187
57, 156
50, 155
51, 859
13, 216
11,321
12, 136
10,815
2
10 645
13, 293
2
r
3, 305
2 4, 554
281.6
230.7
l, 115. 8 » 1,024. 7
r
559.8 ' 361.2
4,792
2 338
37, 840
Motors and generators, quarterly:
New orders index
1947 49 — 100
Polyphase induction motors, 1-200 hp:^[
New orders
thous of dol
Billings
do
Direct current motors and generators, 1-200 hp:t
New orders
thous of dol
Billings
do
P 1, 179
1, 254
2
4,306
1 799
25, 303
2
16, 501
7,019
2
2, 627
' 1, 807
r
2, 048
__ "
p 330. 0
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production!
_ thous. of short tons
Stocks in producers' storage yards, end of month
thous. of short tons__
Exports
do
Prices:
Retail, composite
_ dol. per short ton
Wholesale, chestnut, f. o. b. car at mine__ _ do _ _ _
r
2,233
1,925
2,442
1,869
2,699
2,481
2,938
2,600
2,316
2, 637
r 2, 083
431
244
371
333
282
405
331
359
529
465
519
680
388
659
364
488
342
658
264
469
288
305
-365
363
385
362
26.88
12. 460
25.74
12. 460
25.89
12. 460
25.99
12. 880
26.21
12. 880
26.23
13. 055
27. 15
13. 755
27.87
14. 490
28.99
15. 575
29.41
15. 575
29.41
15. 575
29.43
15. 575
29.21
p 13. 672
2
2,310
_
.
Revised.
P Preliminary.
1 Represents 5 weeks' production.
Data are for month shown.
O Beginning January 1956, data are estimated industry totals compiled by Gas Appliance Manufacturers' Association from reports of manufacturers whose shipments represent 80 to 95
percent of those for the industry.
© Comparable data back to 1945 are available upon request.
ADiffers from series shown in 1955 edition of BUSINESS STATISTICS.
*New series. Data for trucks and tractors, compiled by the Industrial Truck Association, are available beginning January 1955. The refrigeration index, compiled by the Board of Governors
of the Federal Reserve System, reflects changes in total output of refrigerators, freezers, room air conditioners, and dehumidifiers; data are available beginning January 1947.
9 Data cover one additional company beginning July 1956 for pumps and beginning December 1956 for vulcanized fiber products.
f Unpublished revisions (January 1954-October 1955),
reflecting adjustments to the 1954 Census of Manufactures, are available upon request.
§Radio production comprises home, portable battery, automobile, and clock models; television sets
include combination models. Data for June, September, and December 1956 and March 1957 cover 5 weeks, other months, 4 weeks.
{Revisions for 1954 and 1955 are available upon
request.
cf Data for January-April 1956 include shipments of hollow ware (averaging $189,000 per month in 1955); in other months, such shipments are excluded.
^Data for polyphase
induction motors cover from 32 to 33 companies; for direct current motors and generators, from 25 to 27 companies.
DData beginning January 1957 exclude sales of combination washer-dryer
machines. In 1956, such sales totaled 102,400 units; 1957 cumulative sales through April were 73,030 units.
SURVEY OF CUEKENT BUSINESS
June 1957
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-35
1956
April
May
June
July
1957
DecemOctober NovemAugust September
ber
ber
January
February
l^tarch
April
May
f
r
42, 110
43,280
PETROLEUM, COAL, AND PRODUCTS—Continued
COAL— Continued
Bituminous:
Production cf
thous. of short tons. .
Industrial consumption and retail deliveries, total t cf
thous. of short tons__
Industrial consumption , total $
do
Electric-power utilities
do
Coke ovens
do
Beehive coke ovens
do
Steel and rolling mills
_.
do
Cement mills
do _ _
Other industrials
do
Railroads (class I)
Bunker fuel (foreign trade)
Retail-dealer deliveries
40, 104
43, 896
39, 241
30, 519
43,907
40, 187
47, 869
44, 209
39, 410
44, 025
36, 086
31, 900
11,709
9,066
413
465
737
8,377
34,475
31,499
11, 787
9,168
420
400
768
7,866
31, 867
29, 862
12, 065
8,485
354
376
748
6,906
24, 600
22, 649
11, 750
3,130
93
142
764
6,004
32, 359
29, 557
12,907
7,783
189
333
766
6,652
33, 230
30, 035
12 175
8,915
248
358
720
6,645
36, 269
32, 748
13 225
9,266
304
437
753
7,695
37, 110
33, 462
13, 751
8,979
337
457
786
8,072
38, 953
34, 980
14, 431
9,383
360
523
792
8,427
42, 810
37, 037
15, 669
9,372
418
593
809
9,194
do
__ do
1,093
40
1,028
62
865
63
709
57
868
59
916
58
1,008
60
1,019
61
1,037
27
978
4
802
6
865
r7
729
10
__do
4,186
2,976
2,005
1,951
2,802
3 195
3,521
3 648
3 973
5,773
4,214
3,578
2 619
67, 237
66, 536
37, 870
12, 865
548
1,007
13, 339
907
71, 796
70, 965
40,223
13, 606
569
1,100
14, 573
894
73, 678
72, 695
41, 236
14, 005
556
1,185
14, 733
980
71, 449
70, 371
41, 186
13. 061
553
1,267
13, 343
961
74, 309
73, 149
43, Oil
13, 366
538
1,362
13, 943
929
76, 026
74, 9f4
44 564
13, 522
524
1,406
14 022
916
78, 897
77,706
46 434
14,006
609
1,549
14 190
918
78, 976
77, 806
46 726
14 093
580
1,612
13 963
832
78, 008
76 886
45 956
13 894
539
1 576
14 061
860
72, 973
72, 135
43 409
12, 796
511
1,377
13 245
797
71, 307 ' 71, 956
70 501 T 71, 230
42 262 r 42 806
13 254
12 801
499
491
1,212
1,272
12, 848
12 887
701
788
73, 335
72, 684
43 984
13, 285
521
1,231
12 976
687
-
Stocks, industrial and retail dealers', end of month,
total
..
_thous. of short tons. _
Industrial total
do
Electric-power utilities
do
Coke ovens
do
Steel and rolling mills
do
Cement mills
do
Other industrials
do
Railroads (class I)
do
Exports ci71
do
Prices:
Retail composite
dol. per short ton
Wholesale:
Screenings, indust. use, f. o. b. car at mine__do
Large domestic sizes, f. o. b. car at mine__do
COKE
Production:
Beehive
thous. of short tons
Oven (byproduct)
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, beehive, Connellsville (furnace)
dol. per short ton __
39, 410
42, 510
35, 992 ' 37, 281 33, 348
31, 778 ' 33, 703 30, 729
13, 565
12 237
12 937
8,812
8,476 ' 9, 397
«-429
359
405
475
481
415
773
718
737
8,192
7,953
7,430
701
831
983
1,078
1,160
1 072
1,191
1,170
1 122
838
806
636
651
5,366
5,898
6,570
6,567
7,668
6 453
6 650
6 312
5 092
4 517
4 755
6 295
7 455
16 32
16 26
15.57
15.25
15.26
15.31
15.45
15 74
16 04
16 27
16 26
16 31
16 31
5.045
6.576
5.056
6.620
5.057
6.735
5.051
6.795
5.083
6.987
5.091
7 120
5.426
7 546
5 432
7 604
5 433
7 630
5.467
7.641
5.467
7. 641
'r 5. 463 v 5. 566
7 484 » 7. 051
251
6,380
454
259
6,467
495
216
6,020
538
52
2,253
552
119
5,496
535
154
6 299
519
186
6,556
505
205
6 328
519
220
6 616
549
r
256
6,604
572
246
5 966
508
262
••6 631
515
219
6,221
1,743
1,567
176
347
40
1,888
1,650
238
344
52
1,939
1,644
295
342
63
2,634
2,185
449
355
36
2,963
2 437
526
341
69
2 811
2 304
'507
336
68
2 584
2 107
477
308
49
2 442
2 003
439
312
63
2 326
1 924
402
264
57
2,096
1 793
303
292
78
2 015
1 765
250
337
61
r
2 108
1r 800
308
369
73
2 154
1 758
396
14.13
14.13
14.13
14.13
14.35
14.50
14. 50
14.50
15.00
15.00
15.19
15.25
15.25
2,646
214, 386
88
224, 623
2,977
218, 976
93
244, 784
2,574
212, 997
95
242, 119
2,680
219, 805
94
248, 439
2,995
223, 046
94
247, 851
2 245
211 616
94
240, 708
2,611
215 936
87
235, 842
2 417
214 174
93
240 944
2 335
228 684
93
252, 361
2,667
231 880
94
256, 485
2 233
215 099
91
226, 461
2 134
239 214
90
249, 445
277, 121
72, 209
184, 807
20, 105
277, 497
70, 706
186, 113
20, 678
274, 491
67, 805
185, 882
20, 804
277, 008
70, 297
185, 831
20, 880
279, 944
71, 995
187 123
20, 826
278 791
72, 749
184 895
21 147
286 560
75, 178
190 081
21 301
275
70
184
21
995
416
477
102
266 014
71, 721
173 278
21, 015
256, 244
70, 324
164 383
21, 537
256
70
164
21
254
70
162
22
610
26, 244
2.82
1,236
30, 849
2.82
866
30, 029
2.82
748
34, 002
2.82
1,179
31, 602
2.82
805
29 372
2.82
1,444
33 976
2 82
8,442
28 602
2.82
10, 544
26 491
2 82
7,460
29, 680
2.82
64
PETROLEUM AND PRODUCTS
Crude petroleum:
Wells completed
__ _
- number
Production cf
thous. of bbl
Refinery operations
percent of capacity
Consumption (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
Exports
Imports cf
Price (Oklahoma-Kansas) at wells
do
do
dol. per bbl
Refined petroleum products:
Fuel oil:
Production:
54, 775
51, 665 52, 640
51, 387
57, 007
55 354
54, 917
Distillate fuel oil
thous. of bbl
61, 413 65, 662
55 245
33, 037
33, 892
33, 823 31 868
39, 922 40, 990
35, 609 32, 951
Residual fuel oil
do
33 543
35 471
Domestic demand: d"
31, 490
92, 960
33, 033 41, 088 44, 254
71, 394
Distillate fuel oil
do _ 46, 588 38, 300 33, 469
57, 854
36, 144
46, 470
43, 505 39, 889
39, 422
54, 381 60,868
Residual fuel oil
do
39, 452
45, 461
50 389
Consumption by type of consumer:
9,904
4,615
5,758
4,323
5,177
5,202
8,224
4,468
E lectric-power plants
do _
6,266
7,130
7,842
8,126
8,118
8,861
7,552
8,323
8,712
7,857
8,326
Railways (class I)
do
8,687
6,957
7 319
7,034
7,999
6,940
6,408
7 916
Vessels (bunker oil)
do
6 596
7,031
7 480
Stocks, end of month:
75, 928 93, 758 115, 787 137, 905 150, 411 158, 871 151, 517 133, 981 100, 572
63, 571
Distillate fuel oil
do
32, 740
44, 491 38, 403
36, 607 39, 073 43, 958
46, 617
47 342
Residual fuel oil
do
48 400
44 590
Exports:
2,395
7 959
1 544
1 312
6 687
1,720
2 094
Distillate fuel oil 1
do
2 170
2 645
5 119
2,060
1,685
4,012
2,136
3,226
2,108
Residual fuel oil d"
do
1,819
1,734
1 343
2 282
Prices, wholesale:
Distillate (New York Harbor, No. 2 fuel)
.109
.106
.106
106
.109
.106
.106
.106
dol per gal
109
109
r
2.45
2.00
2.00
2.00
Residual (Okla., No. 6 fuel)
dol. per bbl
2 00
2 00
2.25
2.00
2.00
2 00
Kerosene:
9,716
9,170
9 872
11, 735
8,704
11, 384
9,058
8,978
Production
thous. of bbl
11, 044
11 508
6,213
14 114
17 946
7 960
6 850
4 364
5 170
Domestic demandeT
do
8 714 12,360
8 151
31,420 24, 019
31 826
18, 227
Stocks end of month
do
33 588
35 667
34,329
21,883 26, 111 28,990
659
1,059
214
325
134
Exports
do
58
313
90
562
209
Price, wholesale, bulk lots (New York Harbor)
.115
.111
.111
.111
.115
.115
.111
.115
.111
.111
dol. Der eral__
r
Revised.
f Preliminary.
d" Re visions for July 1955 through January 1956 for imports and exports and for 1954 and 1955 for other indicated items will be published later.
^Revised (effective with the October 1955 SUBVEY) to include bunker fuel.
9 Includes nonmarketable catalyst coke.
344
613
538
193
8,009
23 621
3.07
r
911
370
363
178
14, 100
27 669
3.07
56, 970
35 546
57 680
37 351
65, 815
50, 509
60, 855
50, 220
6,963
7,994
6,938
6,570
8,421
8,791
85, 105
36, 201
76, 245
37, 371
7 176
3 360
6,651
3,588
119
2 45
.119
2.45
9 874
12 153
21 013
892
10, 307
10 291
20, 223
930
.125
.125
9,013
6,474
8,205
4 895
3,288
579
15.25
SURVEY OF CUEKENT BUSINESS
S-36
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
June 1957
1956
May
April
June
July
1957
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products — Continued
Lubricants:
Production
thous. ofbbl
Domestic demand 9
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, total 9
thous of bbl
Gasoline and naphtha from crude oil
do
Natural-gas liquids:
Used at refineries (incl benzol")
do
Used in other gasoline blends etc 9
do
5,164
3,981
9,542
1,295
5,010
3,599
9,754
1.127
4,749
3,717
9,694
1,028
5,005
3, 855
9,547
1,234
4,706
3,495
9,664
1,035
5,112
4,118
9,536
1,030
4,970
3,506
10, 060
925
4.870
3,491
10, 182
1,197
4,960
3,774
10, 412
894
4,334
3,382
10, 308
1,004
4,858
3,374
10, 428
1,303
.220
.220
.220
.220
1.240
i .240
1 .240
1.240
1.240
1.240
1.255
1.255
109, 365
96, 627
119, 640
106, 115
119, 267
106, 118
123, 229
109, 338
125, 142
110, 474
119, 721
105, 676
116, 953
102, 079
117, 398
102, 635
125, 199
109, 792
123, 678
109, 412
108, 205
95, 114
118, 591
103, 741
10, 092
2,646
10, 323
3,202
10. 273
2,876
10, 863
3,028
11, 118
3,550
11, 399
2,646
13, 455
1,419
13, 145
1 618
13, 764
1 643
12, 702
1,564
10, 974
2,117
12, 296
2, 554
1,248
do
113, 034
123, 560
126, 838
120, 708
125, 847
111, 574
119, 204
112, 113
108 096
109, 295
96, 694
113, 166
do
do
do
do
182, 564
103, 410
10, 735
14, 356
174, 494
95, 479
12. 179
16, 717
164, 826
88, 640
12,250
19 586
164, 590
86, 118
11, 946
21, 595
161, 142
84, 036
11, 797
22, 307
167, 032
86, 313
10, 942
23 653
161,308
82, 994
11, 490
24 178
163, 086
85, 720
11, 722
22 934
174, 654
96, 081
12, 617
20 559
184, 942
106, 956
12, 760
17 638
192, 428
113, 355
12, 842
17 661
193, 540
109, 922
13, 176
19, 063
1,995
1,968
1,812
2,400
1,999
2,510
2 181
2 469
4 142
3,616
2,957
3,505
.113
.125
.215
.118
.125
.218
.118
.125
2.218
.118
.125
2.220
.118
.125
» .216
.118
.125
2.217
.115
.115
.115
.115
.125
.125
2.216
2.215
2.215
2.227
2.225
2.220
9,204
7,455
11, 799
7,706
9,367
7,123
11, 581
7,347
9,536
7,151
11, 959
7 268
9,535
7,290
12, 086
7,239
9,837
7,784
11,919
7,108
9,335
7, 263
11, 681
6,880
9,413
7,630
11, 625
7,010
9,218
7,269
11, 781
7 362
9,596
7,340
12, 435
7,439
9,413
7,788
12,815
7,696
8,243
6,299
12, 918
7,438
9,611
7,999
12, 615
7,582
4,961
5,117
4,178
6,183
6,236
4,664
5, 61 5
6,482
4,372
5,668
6,485
4.090
5,890
5,765
4,574
5,861
6,849
4,637
5,619
6,761
4,424
5,316
5,686
4,576
6,031
5,304
5,322
6.207
6,552
5,185
5,830
6,766
5,326
6,800
7,941
4,868
6,636
13 187
8,072
12, 954
9,434
11 423
10, 025
9 635
10, 571
7,680
9,805
6, 832
9,502
6 601
6,572
7 755
4,905
9,150
3,918
10, 381
3,909
11, 314
5,496
12, 972
388
502
485
550
448
566
399
566
466
577
441
608
450
605
446
611
477
658
460
661
376
632
499
670
thous of squares
« T 3, 845
* 5, 355
r 5 641
' 6, 000
3, 898
' 2, 165
3,895
4,142
3,342
4,449
do
do
do
do
short tons
<"-654
"'•802
«2, 389
«»-63
<"-51, 825
'859
r
1, 157
' 3, 339
'391
'818
'729
872
'498
'897
' 3, 393 7 2, 272 ' 1, 275 2,205
103
' 145 r ' 121
'66
' 83, 664 68, 259 ' 50, 663 78, 270
916
949
2,277
'91
624
708
2,009
74
761
891
2,797
80
78, 502
Domestic demand 9
Stocks, end of month:
Finished gasoline
At refineries
Unfinished gasoline
Natural gasoline and allied products
"Exports (motor fuel pR^olinp jpt fnfl)
do
Prices, gasoline:
Wholesale, refinery (Oklahoma, group 3)
dol per gal
Wholesale regular grade (N Y )
do
Retail, service stations, 50 cities
do
Aviation gasoline:
Production total
thous. of bbl
100-octane and above
do
Stocks end of month total
do
100-octane and above
do
Jet fuel:*
Production
do
Domestic demand
do
Stocks end of month
do
Asphalt:©
Production
do
Stocks refinery end of month
do
Wax:0 '
Production
do
Stocks refinery end of month
do
Asphalt products, shipments:
Asphalt roofing total
Roll roofing and cap sheet:
Smooth surfaced
Mineral surfaced
Shingles all types
Asphalt sidings
Saturated felts
5,108
3,767
9,725
1,208
r 77
r
76, 357
' 5, 558
' 5, 564
' 1, 078
••994
' 1, 068 r 1, 162 ' 1, 373 «•r 1, 416
3, 154
'3 550 '3 542 r 3, 549
r 122
r 115
f-93
'99
r
83, 374 T 84, 298 ' 83, 247 r 77, 292
'940
'937
r
5, 987
r
r 1, 102
r 1, 492
79, 454
67, 375
2,114
2.222
2.222
PULP, PAPER, AND PRINTING
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
Consumption
Stocks, end of month
Waste paper:
Receipts
Consumption
Stocks end of month
3,166
2 815
5,767
3 299
3 136
5 929
3,094
3 001
6,030
2 840
2 638
6,229
3,255
3 137
6,409
3,137
2 827
6,719
3,127
3 080
6,765
756, 614 691, 112
770 437 691 688
498, 997 503,018
788 644
772 217
514 999
726, 934
718 128
523, 759
652 625
637 049
541, 058
699, 647
720 736
519, 590
678, 028
680 164
517, 109
717, 970
728 859
505, 571
1,908 3
78.0
1, 056. 9
223 9
264.5
106.6
178 3
1 728 7
76.6
950 7
197 8
243.3
95 4
164 9
1 940 7 1,856 5
81.7
79 9
1 071 5 1,032 0
215 9
238 0
255.4
262 8
89 4
100 3
182 1
188 2
1 672 6 1 904 6
82.6
72.7
920.0 1, 061. 0
226 9
200 8
262.6
231.5
90.1
78 0
169 4
181 5
1, 709. 8
83.6
915.6
207 5
244.0
91.2
167 8
1, 893. 3
92.0
1, 037. 3
220.9
267.0
96.7
179 3
849.0
200 3
548.6
100 0
872.9
200.5
577.5
102 1
885.4
196 4
584 2
104 9
909 0
199 4
603 4
106 3
934.4
219 5
610 6
104 3
912.0
189 5
617.1
105 4
884.0
208 8
575.3
100 0
871.5
206 6
564.3
100 6
870.1
206.9
561.4
101 8
39 3
18 2
21.2
50 2
17.4
32.8
37 5
12 5
25.0
41 6
13 6
28.0
47 4
10 4
37 0
49 7
16 4
33.3
48 2
14 5
33.7
37 9
17 2
20 7
75 2
25.8
49.4
thous of cords (128 cu ft )
do
do
2 707
3 010
4,899
2 838
3 147
4,586
2 989
3 012
4J567
3,161
2 826
4,894
short tons
do
do
775 057
755 298
467, 945
800 360
787 483
482, 817
752 916
756 640
480 174
650, 110
617 505
514, 619
1, 859. 5
65.8
1, 016. 1
246.2
246.0
102.0
183.4
1,954 4
87.8
1, 069. 2
229 1
268.0
106.3
194 0
1 863 9 1,723 4
79.5
58.3
1 026 8
950 2
219 1
218 0
256.4
244.7
102 1
94.7
180 2
157 5
780.8
181.6
493.3
105.8
797.6
190.5
504.9
102.2
813.2
200 4
518.2
100 6
42.9
18.8
24.1
46.2
22.9
23.3
46 3
20 2
26.1
WOOD PULP
Production:^
Total, all grades
thous. of short tons
Dissolving and special alpha
_
do
Sulfate.
do
Sulfite
do
Groundwood
_ _ _ _ _
do
Defibrated or exploded
do
Soda, semichem , screenings damaged etc do
Stocks, end of month :<?
Total, all mills. __
_
__ _ do
Pulp mills
do
Paper a n d board mills. _ _ _
_ _ _ _
do
Nonpaper mills
do
Exports, all grades, total 9
Dissolving and special alpha
Allother__
_
_ _
do
do
_ _ do
3,619
3 098
5,418
48 0
14 1
33.9
211.9
171.9
212.2
175.2
201.6
211.3
177.1
173.9
183 7
183 1
213.1
190 4
18.9
17.9
12 2
17 9
12 0
11 0
13 8
99
13 5
11 0
10 1
13 3
194.0
198.4
152.9
166.2
162.9
173.2
160.4
199.3
183.7
172.7
203.0
177!l
'2 Revised.
*> Preliminary.
1 Effective August 1956, for "solvent refined" instead of "conventional"; August 1956 price on former basis was unchanged from July 1956.
Average for 54 representative cities throughout the United States; essentially comparable with data through May 1956.
9 Revisions for petroleum products (domestic demand, gasoline production, and natural gas liquids used in blends) for 1954, and 1955, and wood pulp (exports and imports) for January
1954-July 1955 will be published later.
*New series. Prior to 1954, included with data for gasoline, kerosene, and distillate fuel oil; for January-July 1954 figures, see note "*" on p. S-35 of the September 1955 SURVEY and earlier
issues.
©Asphalt—5.5 bbl.=l short ton; wax—1 bbl.=2801b.
cfEffective with the October 1955 SURVEY, data as compiled by the Bureau of the Census have been substituted for those from the United States Pulp Producers Association.
o Revisions for January-March 1956 (units as above): Asphalt roofing, total, 3,099: 4,494; 5,985; roll roofing and cap sheet—smooth-surfaced, 603; 922; 1,154; mineral-surfaced, 609; 872:
1,189; shingles, 1,887; 2,701; 3,642; asphalt sidings, 81; 110; 117; saturated felts, 53,449; 82,520; 98,266.
Imports, all grades, total 9
Dissolving and special alpha
Allother
do
do
do____
SURVEY OF CURRENT BUSINESS
June 1057
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-37
1956
April
May
June
July
1957
August
Septem- October Novem- December
ber
ber
January
February
March
April
May
PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS
All paper and board mills, production:!
Paper and board, total
thous. of short tons..
Piper
-do
Pnperboard
do
^Vet-machine board
- do
Construction paper and board
do
2,643
1 , 1 63
1,200
12
268
2, 761
1,198
1,274
13
277
Paper, excl. building paper, newsprint, and paperboard
(American Paper and Pulp Association):
890. 5
910.1
Orders newQ
thous. of short tons.
952. 8
957. 7
Orders, unfilled, end of month 9
do
1 , 035. 2 1,057.5
Production
.d o _ 878.
4
908.8
Shipments?
.do. - _
401.6
401. 7
Stocks end of month Q
. _ do_
Fine paper:
144.8
137.8
{~>c( invs new
do
133.5
143.7
Orders unfilled end of month
_ - .do.. _..
141.3
135.6
Production
do
142.2
136.1
100.2
99. 8
Stocks r»nd of month
- do.._
Printine; paper:
372. 7
Ord ers, new
do .. _ _ .
545. 5
548! 5
Orders, unfilled, end of month
do
348. 5
368. 0
Production
do
348. 9
368. 2
Shipments
do
159.8
160.0
Stocks, end of month
do
Price, wholesale, book paper, "A" frmde, English
15.05
15. 05
finish white f o b mill
dol. p e r lOOlb.
Coarse paper:
324. 5
338. 0
Orders new
thous of short tons
213. 3
Orders unfilled end of month
do
334. 1
343. 6
3
334. 3
342. 4
Shipment'
-do
89.2
91.2
Stocks end of month
do Newsprint:
Canada (incl. Newfoundland):
518. 4
550. 5
Production
-do
551. 8
508. 4
Shipments from mills
do
142. 2
141.0
Stocks, at mills, end of month
do
United States:
(>
461. 8
464. 1
Consumption by Tdblishers
- o - 149.0
138.3
Production t
.
do
1 36. 3
149. 6
Shipments *rom millsj
do
Stocks, end of month:
8.9
\ t mills
do
9. 4
348.7
At pnb^shers
do
342. 3
93.8
98. 5
In trnn c it to publishers
- do _ .
2, 655
1, 165
1,210
13
267
2,371
1, 068
1,043
10
250
2,724
1 , 205
1, 231
13
273
2,466
1.108
1,103
12
243
2,746
1,227
1,248
13
257
2,591
1, 174
1,179
14
223
854. 3
904. 0
1,029.4
891.5
399.0
827.2
914. 9
938. 2
794. 1
397.7
863. 8
863. 9
1,060.9
91 4. 5
408. 0
805. 0
850. 2
977. 0
833. 2
410.8
871.1
804.7
1, 082. 7
912. 1
409.0
815. 5
738. 2
1, 034. 6
873 7
429. 8
129.9
143. 1
136. 4
141.4
98.8
119. 1
143.8
118.5
119.2
96.1
1 25. 7
134. S
136.7
139.6
94. S
116.4
126.8
1 30. 8
135.5
96. 3
121.4
104. 3
141.7
137. 1
96. 4
362. 5
531.1
357. 0
357. 8
159.1
354. 1
536. 4
331. 2
330. 9
159. 4
347.
502.
370.
369.
160.
333. 8
506. 4
341.3
338. 4
163. 3
357. 0
485. 0
375. 4
378. 1
160. 6
9
3
8
8
4
1,217
1,211
13
231
780.8 ' 873 7
696. 1
' 693. 6
960. 3 '1,061.2
823.2 r 885. 3
r
415. 5
494. 6
'
'
'
'
120. 2
99. 3
134.3
130 3
100. 4
109. 4
86. 9
126. 9
124 9
115.4
' 118.3
r
68. 9
' 133. 8
r
135 9
r
105. 6
'131.7
r
322.
430.
364.
364.
160.
333. 0
406. 5
344. 9
343. 6
167. 5
r
'
'
'
r
'
8
6
9
6
8
364. 2
' 422 9
' 302! 6
- 353. 1
' 202. 6
2, 623
1,183
1, 193
13 i
235
2, 432
1,104
1,090
12
226
2.672
2, 358
1,091
1,071
12
184
r
794. 6
903.4
723. 0
667. 8
957. 2 1,020.6
857. 4
798. 4
517. 6
501. 9
133. 1
78.7
139 6
134 8
133. 4
79. 6
' 125.0
r
197 8
' 133. 4
387.7
438. 0
349. 8
345. 9
218.5
309. 2
396. 2
363. 5
321. 2
200. 4
15.27
15.38
15. 38
15. 38
15. 38
15. 38
15.38
15. 38
15.38
15.38
300.4
181.4
295. 0
293. 5
88.3
335. 7
179.6
344. 3
344.1
99.1
301. 6
1 09. 5
307. 0
303. 4
94.5
333. 2
168.4
333. 2
335. 2
92.5
319 1
160.1
330. 6
322.4
100.8
290 5
163. 3
298. 4
301. 6
97.3
334 6
156. 6
344. 1
334. 5
123. 1
T 302 1
r
148 2
r
308. 0
' 297. 4
' 107.8
329 5
157 4
318 5
320.3
107.4
536. 4
544, 5
132.9
532. 5
543. 1
122. 2
570. 4
559. 3
133. 3
514. 0
528. 7
118. 5
582. 1
578. 4
122.2
559. 5
543. 5
138.2
514.2
552. 4
100.1
558. 6
513. 6
145. 0
518. 9
510. 9
153.1
574. 2
526. 5
200. 8
422. 4
141.9
144. 4
388.8
138. 5
137. 3
402. 5
154. 3
153. 5
434.9
140. 6
141.1
476. 9
154.0
153.4
467. 7
142. 5
142.4
443. 6
139 2
137.7
407. 6
157. 7
158. 9
387. 2
150. 7
151. 6
463. 3
164.4
161.2
162.4 i
162 (i <
6.4
376. 1
112.2
449! 8
102.5
8.5
518.5
114.0
8.0
513. 0
111.8
8.7
516. 5
114.8
8.8
510.0
112.3
10.2
523. 5
112.2
8.9
551.1
113. 1
8.0
591. 7
119.6
11.2
580. 2
107. 8
11 0
592. 6 !
100.9
r
1,125
912
213
982
798
184
956
773
183
1, 053
814
239
749
569
180
988
733
255
1,417
1,166
251
1,308
1, 135
173
1,058
856
202
489
367
122
p 15 3S
554.8 !... ...
538.4 ;
217.3 I
442.3
466.0
589. 7
96.5
427.9
* 133. 30 p 134. 45 i
1, 208. 4 1,211.3 1,228.3
493. 7
384. 1
408. 3
1, 221. 0 1,189,8 > 1,259.7
92
93
94
!
8,227
7, 987
8, 291
' 207. 4 ' 21 2. 9
' 186. 6 * 185.5 |
PRINTING
number of editions..
do _
_ _ _
do__ _
;
309.7
181.9
336. 1
332. 7
90.9
489. 8
431. 5
425. 2
464. 2
507. 0
485. 4
464, 7
447.4
480.5
429.1
487. 3
Tmportso71
-- do-. ..
Price, rolls, contract, delivered to principal ports
130. 10
dol. per short ton,. 130. 10
130.10
130. 10
130. 10
130. 10
130. 10
130.10
130. 10
130. 10
130.10
Paperboard (National Paperboard Association):
r
Orders, new§
thous. of short tons_. ' 1.224.6 ' 1,297.1 ' 1,133. 7 r 1,088. 8 ' 1,189.9 I , 089.9 ' 1,327. 4 r 1,149.4 ' 1,148.6 1,153.2 1, 088. 6
490. 5
410.2
418.2
464. 5
454. 3
419. 4
418. 0
407 8
471.7
Orders unfilled end of month
- do __ r '535.0 r 557. 9
1, 198. 8 1, 303. 9 '1,247.2 ' 1, 003. 1 ' 1,246.1 '1,083.2 ' 1, 273. 0'1,184.3 '1,114.3 1, 125. 7 1, 094. 6
Production, total§
do
98
97
96
89
94
'82
95
98
91
77
91
Percent of activity
- -- - -- Paper products:§
Shipping containers, corrugated and solid fiber,
8,421
7, 965
9,229
8, 163
8, 962
7,167
7, 253
8,116
8,286
shipments
_ _ m i l . sq. ft. surface area
7,365
7, 947
Foldine paper boxes, index of value:
r
206. 5 «• 197. 5 ' 202. 5 r 190. 0 ' 202. 5 r 191.2 r 232. 8 ' 176. 7 ' 194. 3 ' 193. 3 r 194. 9
New orders
1947-49=100
r
«• 166. 3 ' 185. 4 r 184. 5 ' 171.3
181.3 r 206. 8
192.0
' 193. 3 ' 181. 2
' 171.9
173. 6
Shipments
__do
Book publication
total
Newr books
TsTew editions
!
1,104
856
248
1,065
825
240
206. 7
187.0
1
1,463 i
1 176
287
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
- - - - long tons _ 47, 369
109, 822
Stocks end of month
do
51, 723
Imports including latex and gtiavnlo
do _
Price, wholesale, smoked sheets (New York)
.323
clol. per lb_.
Synthetic rubber:
91,602
Production
long tons._
74. 479
Consum ption
do
155,410
Stocks end of month
do
13, 261
Exports
do
Reclaimed rubber:
Production
i
i
48, 272
107, 324
39, 804
43, 568
101, 748
36, 694
38, 287
103, 301
41, 404
46, 614
99, 668
40, 367
44. 095
98, 069
42, 999
52, 082
94, 508
52. 387
42, 859
106, 316
49, 757
116,469
101,758
57 653
46 349
.304
.308
.335
. 365
.**
.321
.345
. 365
.333
.306
93, 740
76, 168
162,682
14 226
85. 296
67. 626
171, 196
13 091
88, 031
58, 046
188 813
12 197
86. 468
72, 394
1929 486
I 9U
90, 602
69. 070
200 793
12 600
88. 158
83, 514
71, 397
199 334
6 796
93, 764
72, 200
202 5%
19 350
94, 277
85, 490
193 724
17 319
83, 235
77, 260
184 80S
16 878
81,800
197 788
8 954
45, 130
52, 631
' 48, 263 45,072
r
97 820 102 802
42 160
46 427
100 253
37 487
r
T
.315
.321 '
93,916
82,340 i
81, 650
1S1 813
76, 121 i
173 990
13 906
is' 101
.328
99
9
26, 848
25 485
22, 103
19, 776
26 293
- ___
_ .__
do _
896
21. 593
22 368
9] 896 r 95 051
20 009
20 548
5 053
9
99 77-} r 94 (',33
93 ,'17
24 053
90 7<>3
23 °55
20 "93
18 065
°1 458
20 2 ( > r i
'-> 901
20 09 S
°2 947 '
r
34, 360
34, 863
35, 703
35, 647
35,512
Stocks, end of month
do
37.'
904
36. 063
34. 909
30.' 527
30.029 i
32. 010
34! 552
3d! 975
' Revised.
*> Preliminary.
t Effective with the October 1955 SURVEY, items have been revised as follows: Construction paper (formerly included in the total for paper) is now combined with construction board;
wet-machine board was formerly included with paperboard.
9 Data exclude estimates for "tissue paper".
JRevisionsf or January-December 1954 appear in the March 1956 SURVEY.
a71 Ko-visions are as follows (units as above): October 1954, 417.S; May 1955, 447.9; June 1955, 449.S; October 1955: 453.7.
§Revisions will be shown later as follows: January 1953-March 1956 for paperboard; January 1953-February 1956 for shipping containers; January 1955-March 1956 for folding paper boxes.
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
June 1957
1956
April
May
June
July
August
1957
Septem- October Novem- December
ber
ber
January
February
March
April
May
RUBBER AND RUBBER PRODUCTS— Continued
TIRES AND TUBES
Pneumatic casings:cf
Production
thousands
Shipments total
Original equipment
Replacement equipment
Export
8,986
7,930
6,741
8,050
7,800
8,799
7,641
8,556
9,504
9, 169
9,766
8,950
9,119
3,217
5,761
141
8,880
2,770
5,980
130
9,289
2,533
6,627
129
9,298
2.833
6,319
145
8,644
2,302
6,178
163
6,952
1, 553
5,238
162
7,776
2,908
4,703
165
7, 518
3,516
3,881
121
7, 548
3,579
3,803
166
8,874
3, 496
5, 195
183
8, 539
3, 361
5,051
127
9,114
3,381
. 5,579
154
9,381
3, 246
5,989
146
do
do. _
21, 132
165
21, 296
141
19, 947
154
17, 394
137
16, 794
207
17, 648
161
18, 775
169
18, 803
148
19, 872
163
20, 490
144
21, 008
144
21, 743
171
21, 308
202
-
do. _
do
3,094
2,797
3, 093
2,878
2,837
3, 370
2,300
3,384
2,795
3,295
2, 773
2,777
3,025
2,877
2, 585
2,792
2,670
2,837
3,364
3,829
3,362
3,291
3,822
3,397
3,428
3,104
_
_ - do_ _
do. _
7,312
i 47
7,657
i 38
7,349
141
6,418
84
5,962
76
6,056
96
6,469
73
6, 250
53
6,109
76
5,789
32
5,960
78
6,540
76
6,969
90
22, 642
76
20, 757
23 967
83
23 351
34, 277
21,621
34 893
23 429
467, 798
454, 575
534, 682
523, 085
_
Stocks end of month
Exports
Inner tubes :cf
Production
Shipments
8,834
- do_ _
do
- --do
do
-
- -
Stocks end of month
Exports
--
- -
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Production
Percent of capacity
Shipments
Stocks, end of month:
Finished
Clinker
- thous. of bbl
thous. of bbl
- -
-
do . _ _
do
26, 134
100
27, 324
29, 606
110
32, 087
28, 771
110
32, 296
29, 498
109
31, 598
30,055
111
33, 607
28, 643
109
30, 173
29, 051
107
31, 585
25, 869
98
22, 906
24, 429
90
17, 990
19, 308
71
11, 930
17, 827
66
15, 274
28, 679
15,951
26, 204
14, 222
22, 685
12, 537
20, 598
11,059
17,068
9,264
15, 532
7,969
13, 007
6,874
15, 973
7,476
22, 441
9,443
29, 814
14, 337
32, 382
18 625
671, 629
661, 456
646, 423
632. 217
648, 127
618, 630
685, 128
641, 400
603, 572
571,237
646, 609
600, 790
586, 713
516, 852
491, 766
397, 230
437, 692
314,030
400, 758
370, 935
30. 565
30. 946
30. 946
30. 668
30. 668
30. 718
30. 718
30. 863
30. 863
30. 814
117,225
127, 755
126, 753
137, 290
164, 378
183, 461
168, 228
178, 007
190, 528
187, 421
173,770 192, 139
1 69, 1 1 8 186, 756
180, 184
143, 149
163, 739
109, 313
166, 580
107, 907
148. 236
111 676
154, 151
133, 298
153, 240
139 420
65 901
58, 666
64 762
61, 273
60 162
59. 471
65 113
56, 753
69, 260
63, 405
57 747
51, 984
52 258
47 677
11,938
12, 376
12, 567
12, 158
10, 642
11, 962
11, 988
11, 192
1,014
1,149
1, 247
2,781
3, 477
808
984
1, 216
2, 673
978
188
15, 705
r
r
CLAY PRODUCTS
Brick, unglazed:
627, 494
Production .-_
thous. of standard brick
Shipments
_ _ _ _ _ _ _ _ d o . _ 624, 747
Price, wholesale, common, composite, f. o. b. plant
dol. per thous _ 30. 470
Clay sewer pipe, vitrified:
Production
Shipments
Structural tile, unglazed:
_
___
--
short tons
do
Shipments
do
30. 814 * 30. 814
64 598
55, 507
64 079
60, 910
63 917
52, 006
55, 497
46, 069
54 447
46. 451
49 962
44 170
13, 237
9,878
13, 377
11. 895
10, 323
11,657
11,057
12, 617
11, 695
15, 859
10, 222
14, 688
10, 038
9,426
10, 022
9 710
11, 109
11,021
1,239
2,227
1,881
1,701
848
765
948
892
1,100
1,091
3, 321
3, 218
5,109
2,874
4, 134
3,065
2, 723
2,997
2,843
3,049
2,963
936
1, 183
1, 157
2,878
1,000
182
1,274
1,279
1, 134
2,566
965
202
1,001
1 171
920
2, 446
999
198
683
1 262
1,337
3, 602
1, 336
303
395
604
1, 166
2, 230
839
233
993
847
1,868
3, 657
1,182
306
509
528
1, 524
2,512
841
211
721
667
1,088
2, 459
'802
201
484
577
963
2,902
967
184
515
508
1, 061
2, 791
942
158
799
889
1,190
2,899
1,024
159
961
911
1, OfiO
2,810
1, 076
149
15, 825
16, 130
16, 810
13, 940
13, 371
11, 721
13, 296
13, 897
14, 976
16, 107
17, 318
17, 793
GLASS PRODUCTS
Glass containers:
Production
__
thous. of gross__
Shipments, domestic, total
do
Goneral-use food:
Narrow -neck food
do
Wide-mouth food (incl. packers' tumblers, jelly
classes, and fruit jars)
thous. of gross
Beverage
Beor bottles
Liquor and wine
Medicinal and toilet
_-. _
Chemical, household ;>,nd industrial
Dairy products
Stocks end of month
do
do
do
do
do
do
_
do
r
r
GYPSUM AND PRODUCTS
Crude gypsum, quarterly total:
Imports
Production
thous of short tons
_
do
Calcined, production, quarterly total
do
Gypsum products sold or used, quarterly total:
Uncalcined uses
short tons.Industrial uses
Building uses:
Plasters:
Base-coat
_
_ _
.. _
All other (incl. Keene's cement)
Lath
Wallboard _
All other O
_ . „ _ _ _
r
_
-
1 305
2, 846
1 224
2, 569
1,013
2, 307
764
1,987
2,367
2, 110
1,801
1 783
819, 437
911, 118
926, 693
663, 237
do
88, 369
77 685
83, 481
83 225
do
do
428,129
356 196
433, 807
381 095
350, 230
319 816
324 454
295 387
796.5
1, 227. 0
69.4
601 6
1, 068. 1
55 8
530 0
1, 007. 8
47 2
496 4
998 7
44 0
mil. of sq. ft
_
do
do
Revised.
v Preliminary.
1 Data for January-June 1956 exclude exports of passenger-car inner tubes; such exports averaged 27,000 per month in 1955.
cfData for 1954 for production, shipments, and stocks have been revised. Unpublished revisions (for January-May) are available upon request.
O Comprises sheathing, formboard, tile, arid laminated board.
NOTE FOR MANMADE FIBERS AND MANUFACTURES, p. S-39.—Fiber production (representing complete industry coverage) is according to data compiled by Textile Economics Bureau, Inc.; the total includes production of textile glass fiber, not shown separately. Noncellulosic fibers cover types other than textile glass; they include acrylic, nylon (polyamide),
polyester, saran, protein, and others.
Data for imports, exports, and for production of broad woven fabrics (industry totals) are compiled by U. S. Department of Commerce, Bureau of the Census. Manmade fabric production
comprises, in addition to items shown separately, broad woven fabrics of 100-percent glass, of saran monofilament, acrylic, and polyester fibers, and of paper, etc. Silk fabric production comprises broad woven fabrics of 100-percent silk and of silk mixtures.
Statistics for 1955 are shown in the October 1956 SURVEY, p. S-38.
SUKVEY OF CUEEENT BUSINESS
June 1957
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
S-39
1956
April
May
June
July
August
1957
Septem- October Novem- December
ber
ber
January
February
March
April
10 816
12 126
11 628
12 394
11, 099
1 688
2 068
1 820
May
TEXTILE PRODUCTS
APPAREL
Hosiery shipments
thous. of dozen pairs
Men's apparel, cuttings:^
Tailored garments:
Suits
thous of units
Overcoats and topcoats
do Trousers (separate) , dress and sport
do._
Shirts (woven fabrics), dress and sport
thous. of doz
Work clothing:
Dungarees and waistband overalls __do__
Shirts
do
Women's, misses', juniors' outerwear, cuttings:
Coats
thous of units
Dresses
do ~
Suits
do
Waists blouses and shirts
thous of doz
r
r
» 10,828
11,094
' 11,967
1,796
452
5,328
1,804
540
5,328
i 1, 925
1570
i 5, 760
984
308
3,792
1,860
1,812
1,836
i 1, 775
1,280
1,852
328
408
308
408
1290
1405
208
280
292
388
1,264
26, 001
599
1,004
1,323
25, 229
2,054
21, 236
2,398
16, 828
1,107
1,033
410
556
1,016
864
983
10,097
13,012
r
12,494
r
14,194
14 006
i 1, 935
i 550
i 5, 040
1 816
444
4,800
*21 090
350
1
4, 500
1
1, 905
1,948
1
1240
1345
244
364
!200
1395
2,948
20,807
1,150
1,318
2, 527
17, 044
2,998
21, 543
1,513
5,535
540
4,992
813
983
r
4 224
248
5,520
5,136
1 888
308
5,472
i 2, 045
1365
i 5, 640
1 600
2,020
1,884
1,792
1 1, 735
168
228
248
288
256
308
252
304
1265
1325
1 631
17 306
917
846
2 317
21 277
1 347
1 194
2 391
21, 709
1 411
1 246
3 174
26, 424
1,257
1 338
1,431
27, 917
1 366
2 236
20, 147
1 101
1 108
9,709
12 385
2 12 789
3 13 098
913
1 950
260
244
676
1,154
COTTON
Cotton (exclusive of linters) :
Production:
Ginnings§
thous of running bales
Crop estimate, equivalent 500-lb. bales
thous of bales
Consumption^
bales
Stocks in the United States, end of month,
totalj
thous of bales
Domestic cotton total
do
On farms and in transit
do
Public storage and compresses
do
Consuming establishments
do
Foreign cotton total
do
Exports!
bales
Imports}
do
Prices (farm) , American upland
cents per Ib
Prices, wholesale, middling, I", average 14 marketsA
cents per lb_.
Cotton linters:
Consumption
_ _ _
thous. of bales
Production
- do
Stocks end of month
..
do
4
13, 151
840 567
684, 366
*13 310
690, 627
12, 835
26, 256
26, 222
13, 146
12, 303
24, 983
24, 954
9,804
14, 272
23, 602
23, 569
6,269
16, 169
1,131
22, 224
22 193
3 845
16 935
1 413
20 909
20 878
2 890
16 442
1 547
18 768
18 734
1 911
15 204
1 619
17 390
17 345
1 638
14 031
1,676
15, 911
15, 867
1,157
13, 080
1,630
14, 491
14, 448
1,080
11, 877
1,490
237, 722
4,452
32.3
134, 625
1,987
32.4
423, 297
3,555
31.1
505, 019
22, 278
32.5
596, 685
1,514
31.9
537, 181
31.9
939 080
10 341
31 0
790, 636
13 285
30.2
807, 868
7,101
30.2
786, 740
9,851
29.8
602, 989
844
30.6
31.5
36.4
36.4
35.3
33.0
33.1
33.2
33.2
33.2
33.4
33.8
33.8
33.9
33.9
'152
157
138
134
130
171
979
187
991
113
118
202
969
128
1,095
216
935
127
1,260
157
872
129
1,371
53
855
155
104
36
999
155
1,000
124
985
85
967
45, 535
18, 734
42, 507
18, 944
2,621
40, 429
15, 508
29, 189
13, 615
37, 625
13, 884
2,357
39, 912
10, 552
45, 778
11, 903
43, 800
10 404
2 536
47, 289
11 227
46, 058
11 430
43, 196
11, 925
58, 523
11, 972
46, 606
29.59
36.4
16.4
18.0
29.25
36.4
16.1
18.0
28.54
36.4
16.0
17.8
28.92
36.4
15.9
17.4
30.18
36.4
15.8
17.0
29.68
36.4
15.7
16.8
30.75
36.4
16.3
17.3
30.37
36.4
16 1
17.3
29 80
36 4
15 9
17 3
29 19
36.4
15 9
17.0
28 31
36.4
15 9
17.0
28.01
36.4
16.0
16.8
27.65
p 36.4
p 16.0
p 16.5
.708
.992
.698
.976
.693
.965
.686
.958
.684
.958
.680
.953
.691
.971
.691
.971
687
963
.684
.959
.676
.951
.669
r.920
P .662
p .918
' 20, 838
19, 290
r
9, 995
20, 796
19, 276
9,793
20, 492
18, 954
i 11, 459
20, 552
19, 022
7,713
20, 465
18, 912
9,544
20, 308
18, 780
1 11, 436
20, 343
18, 839
9,847
20, 289
18 786
11, 952
20 237
18 786
8 681
20 231
18 725
11 599
19, 985
18, 457
9,400
19, 929
18, 365
i 11, 281
9,128
139.6
i 10, 664
i 130. 6
7,128
110.1
i 10, 678
i 131.8
9,162
20,161
18, 639
9,411
471
8,749
8,731
i 10, 461
722, 551
713, 289 i 809,814
547, 480
' 17, 025 15, 981
' 16, 979 15, 940
'752
652
13, 895
»• 14, 667
' 1, 560 1,393
14, 975
14, 936
14, 540
14, 501
13, 203
1,124
361, 939
6,071
32.5
344, 340
5,907
32.0
36.4
46
111
41
76
609
38
44
791
875
39
686, 275 1 822, 180
773
34
878
29
732, 319 1880 549
33
31
631 507
30
!
35
45
44
152
1807, 979
43
COTTON MANUFACTURES
Cotton cloth:
Cotton broad-woven goods over 12 inches in width,
production quarterly J
mil of linear yd
Exports
thous. of sq. yd
Imports i
do
Prices, wholesale:
Mill margins
cents per Ib
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
Spindle activity (cotton system spindles) :f
Active spindles last working day, total
thous
Consuming 100 percent cotton
do
Spindle hours operated, all fibers total mil o f h r
Average per working day
do
Consuming 100 percent cotton
do
Operations as percent of capacity cf1
500
9,324
142.2
490
458
386
477
8,849
137.4
457
492
1
1
478
11,145
434
8 062
1
1
464
10 790
r
437
27.03
451
MANMADE FIBERS AND MANUFACTURES
Fiber production quarterly total* 9
mil oflb
Rayon and acetate* Filament yarn
do
Staple plus tow
do
Noncellulosic (nylon acrylic protein etc )
do
Exports* Yarns and monofilaments*
thous oflb
Staple, tow and tops*
do
Imports' Yarns and monofilaments*
do
Staple, tow and tops*
do
Rayon and acetate:
Stocks producers' end of month total mil oflb
Filament yarn
do
Staple (incl tow)
do
Prices, rayon, viscose:
Yarn filament 150 denier
dol perlb
Staple 1 5 denier
do
Manmade broad woven fabrics:
Production quarterly total* 9 thous of linear yd
Ravon and acetate (excl tire fabric)
do
Nylon and chiefly nylon mixtures
do
Exports piece goods*
thous of sq yd
SILK
660
7,632
397.6
183.3
97.8
94.0
5
1, 727
5 1, 392
329
6,926
90
6,636
102.5
55.0
47.5
110.6
61.0
49.6
118.9
64.0
54.9
123.3
67.5
55.8
.863
.316
.863
.316
.863
.316
17, 834
557, 080
409 468
70 418
17, 696
5 1, 546
5967
84
7,467
16, 335
55 1, 569
1, 197
75
5,937
384.6
166.2
87.5
106.3
1,566
1,710
101
6,269
196
6,826
120.8
67.0
53.8
115.8
63.7
52.1
863
863
.316
.316
.863
.316
15, 522
491, 489
353, 882
61, 237
15, 385
1,456
1,483
12, 633
1,614
1,969
1,473
3,450
86
9,485
2,021
1,871
443 2
195. 0
103.7
121.1
3,074
3,403
103
5,745
»-423 4
183 9
102.7
r
109 7
1,993
3 054
122
10, 289
109.2
61.1
48.1
106.3
62.2
44.1
107.5
62.2
45.3
104.6
58.2
46.4
105.6
59.2
46.4
'111.3
62.6
' 48.7
116.5
64.1
52.4
.863
.316
863
316
880
316
910
.316
.910
.316
.910
.291
P .910
P .291
13 404
556, 519
381 270
74 645
17, 478
13, 836
11, 896
19, 156
15, 250
1,599
2,602
16, 136
1 264
1 360
125
9,203
205
8,454
661.8
634.6
2,656
3.057
774
954
1,106
781
1,123
874
1,188
1,129
1,059
778
1,180
1,193
Imports raw
thous of Ib
p 4.64
4.53
4.55
4.41
4.45
4.53
4 44
4.65
4.57
4 54
4.57
4.49
4.63
Price raw AA 20-22 denier
dol per Ib
9,017
8,359
8,490
Production, fabric, qtrly. total*. ... thous. of linear yd..
r
2
4
Revised.
p Preliminary.
i Data cover a 5-week period.
Ginnings to December 13.
3 Qinnings to January 16.
Total ginnings of 1956 crop.
6
Data for January-June 1956 exclude certain exports which are included for other periods: (Yarns) excludes thread and handwork yarns which averaged 24,000 Ibs. per month in 1955; (staple,
etc.) excludes sliver, tops, and roving which averaged 33,000 Ibs. per month in 1955.
e Data for month shown.
IData for June, September, and November 1956 and January and April 1957 cover 5-week periods (except data for men's apparel cuttings for January 1957 which cover 4 weeks) and for other
months, 4 weeks; cotton stocks and number of active spindles are for end of period covered.
§Total ginnings to end of month indicated, except as noted.
{Scattered revisions for 1954r1955 will be shown later.
AEflective August 1,1956, middling 1" became the base quality for spot cotton quotations, replacing middling 1 Me // . Comparable prices for I", back to August 1951, are available upon
request.
d*The operation rate is calculated on a 5-day, 80-hour week without any adjustment for holidays. Current data are withheld pending a revision of the series.
*New series. See descriptive note at bottom of p. S-38 for sources; data for 1955 are shown in the October 1956 SURVEY, p. S-38.
$ Includes data not shown separately.
» Revisions for January-March 1956 (units as above): 12,761; 13,446; 12,673.
SURVEY OF CURRENT BUSINESS
S-40
Unless otherwise stated, statistics through 1954 and
descriptive notes are shown in the 1955 edition of
BUSINESS STATISTICS
June 1057
1956
April
May
June
July
1957
August
Septem- October Novem- December
ber
ber
January
February
March
126,531
1 14, 863
24, 285
10, 506
22, 276
13, 376
21, 617
9,746
r 21, 482
25, 149
' 12, 654 14, 359
22, 544
9,114
April
May
TEXTILE PRODUCTS—Continued
WOOL AND MANUFACTURES
Wool consumption, mill (clean basis) :1
Apparel class
thous oflb ' 325, 014 ' 24, 563 r
' 312, 147 r 11, 452
r
Carpet class
do
23, 713
23, 267
Wool imports clean content
do
14, 219
11 244
\pparel class (dutiabl0) clean content
do
Wool prices, wholesale, raw, clean basis, Boston:
1.282
1.280
Territory 64s 70s 80s
dol. per Ib
1.033
1.005
Bright fleece, 56s-58s
do_ _
1.325
1.325
Australian, 64s, 70s, good topmaking, in bond__do
Knitting yarn, worsted, 2/20s-50s/56s, Bradford system,
1.856
1.856
wholesale price
dol. per Ib
Woolen and worsted woven goods, except woven felts:
Production quarterly total
thous of lin yd
Apparel fabrics total
do
Other than Government orders total
do
Men's and boys'
do
Nonapparel fabrics total
do
Prices, wholesale, suiting, f. o. b. mill:
Flannel, men's and boys'
1947-49=100
Gabardine women's and children's
do
27, 840
11,817
18, 393
8,065
r 20, 848 r 23, 858 r 25, 549
«• 7, 147 ' 12, 178 r 13, 426
19, 688
15, 209
18, 893
8,034
5,360
8,131
1.295
1.039
1.375
1.312
1.045
1.412
1.341
1.045
1.425
1.381
1.069
1.425
1.475
1.131
1.425
1.525
1.168
1.450
1.625
1.195
1.525
1.625
1.195
1.525
1.625
1.188
1.575
1.622
1.170
1.575
1.645
1.181
1.575
1.856
1.869
1.880
1.891
1.963
1.997
2.045
2.117
2.117
2.092
v 2. 069
' 115. 6
97.3
115. 6
97.3
115.6
97.3
642
1,871.6
207
79, 975
77, 393
76 770
37, 753
39 017
2,582
87, 894
85, 147
84 713
42, 822
41 891
2,747
112.1
97.3
113.2
97.3
' 23, 677 r 24, 968 ' 20, 696
«• 12, 825 ' 11, 547 r 10, 728
14, 417
14, 592
19, 034
5,324
6,817
5,657
113.2
97.3
112.9
97.3
112.9
97.3
112.9
97.3
1.675
1.270
1.595
76, 383
73, 375
71 935
36, 497
35, 438
3,008
112.9
97.3
114.0
97.3
114. 0
97.3
115.4
97.3
TRANSPORTATION EQUIPMENT
AIRCRAFT
Civil aircraft (complete) shipments
Airframe weight
Ex ports cf
number
thous of Ib
number
692
714
648
507
681
1, 227. 1
1, 362. 2 1, 460. 8 1, 162. 3
150
130
1, 600. 7
159
654, 333
570, 486
538, 052
503, 276
552, 881
529, 945
101, 081
82, 400
459, 070
96, 114
77, 593
445, 758
433, 859
91. 791
73, 463
522,018
307
220
440, 980
429, 813
80, 731
63, 044
417, 020
410, 164
85, 827
68, 809
163
148
613
508
472
1, 389. 2
1, 583. 6
1, 550. 7
563
1,413.7
137
1, 574. 9
1, 554. 0
138
146
665
1,615.6
183
275, 555
445, 122
667, 187
700, 740
719, 431
662, 028
677, 778
203, 888
202, 159
71, 299
56, 852
341, 779
92, 684
77, 533
576, 708
556, 931
90, 246
74, 870
617, 599
598, 394
82, 913
66, 123
628, 045
610, 678
91,117
73, 208
570, 023
556, 930
91, 767
73, 693
585, 734
569, 242
91, 703
73, 523
43, 724
18, 673
25, 051
143
185
584
112
523
MOTOR VEHICLES
Factory sales, total
Coaches, total __ __ ___ __
Domestic
Passenger cars, total Domestic
Trucks, total
Domestic
number
_.do
do
do
do
do
do
371
360
362
304
474,010
503
471
429
397
368
364
298
291
352,140
233
186
228
103
269
257
238
234
.
do
do
do
35, 779
19, 709
16, 070
33, 089
14, 717
18, 372
31, 483
14, 146
17, 337
25, 881
9,339
16, 542
26, 179
7,078
19, 101
20, 596
4,583
16, 013
19, 050
5,630
13, 420
23, 445
13, 139
10, 306
43, 522
21, 643
21, 879
30, 258
14,751
15, 507
23, 534
10, 638
12,896
Truck trailers, production, total
Complete trailers
Vans
Trailer chassis
do
do
do
do
7,155
6,802
4,165
353
7,162
6, 726
3, 950
5,188
4,927
2,793
261
6,000
5,651
3,253
349
4, 823
4,462
2,455
436
6,929
6,489
3,684
440
5,448
5,093
2,918
355
4,758
4,567
2,524
191
4, 153
3,982
2,078
171
5, 032
4,783
2,625
249
5,090
4,832
2,654
258
do
do
564, 272
82, 699
560, 014
84, 997
539, 777
78, 501
534, 997
78, 404
568, 320
79, 831
421, 021
72, 420
424, 414
76, 052
403, 948
66, 983
514,061
65, 698
437, 320
56, 979
5,967
4,152
4,128
1,815
6,723
4,549
4,493
2,174
5,607
3,318
3,261
2,289
5,370
3,143
3,117
2,227
5,525
2,944
2,783
2,581
3,458
1,835
1,821
1,623
5,666
3,728
3,728
1,938
6,740
4,367
4,322
2,373
7,260
4,272
4,272
2,988
793
764
25
25
740
720
53
44
758
737
40
36
729
715
29
22
681
672
48
43
715
700
46
42
706
684
26
25
791
679
5
5
1,701
1,702
1,704
1,704
1,704
1, 703
1,705
116, 694
51,651
65, 043
112, 226
49, 771
62, 455
Exports, total© _
Passenger cars
Trucks and buses©
_
Registrations:
New passenger cars
New commercial cars
__
361
341
307
r
647,414
P2632,600
r
506
p2425
410
r
541,733 p2 531,700
526, 310
r 105,175 p* 100,500
84, 410
34, 729
14, 029
20, 700
'292
5,536
5,278
2,580
258
438, 725
62, 129
572, 917
74, 668
548, 609
75, 438
8,403
4,686
4,686
3,717
8,184
4,576
4,576
3,608
9,772
5,611
5,611
4,161
8,961
5,198
5,198
3,763
842
724
9
5
840
728
9
3
832
732
23
11
826
739
6
3
825
732
11
7
1,708
1,712
1,716
1,720
1,724
103, 535
46, 982
56, 553
101, 611
45, 035
56, 576
100, 339
42, 921
57, 418
96, 589
38, 901
57, 688
92, 067
37, 691
54, 376
«• 5, 555
' 5, 263
2,608
RAILWAY EQUIPMENT
American Railway Car Institute:
Freight cars:
Shipments, total.
_ _ __
number
Equipment manufacturers, total
do
Domestic
do
Railroad shops, domestic
do
Passenger cars, equipment manufacturers:
Orders unfilled, end of month, total
do
Domestic
_
_ _
do
Shipments, total
do
Domestic
do
Association of American Railroads:
Freight cars (class I), end of month: §
1,699
Number ownedO
thousands
70
Undergoing or awaiting classified repairs do
4. 1
Percent of total owned
Orders, unfilledO
number. _ 119, 698
52, 861
Equipment manufacturers.
_
do
Railroad shops
do
66, 837
Locomotives (class I), end of month: Q
Steam, undergoing or awaiting classified repairs
925
number
Percent of total on line
17 8
Diesel-electric and electric: Orders, unfilled
938
number of power units
Exports of locomotives, total
r
number
70
4.1
67
3.9
77
4.5
109, 051
47, 955
61, 096
74
4.4
106, 739
46, 246
60, 493
70
4.1
109, 079
49, 875
59, 204
68
4.0
111, 298
52, 470
58, 828
68
4.0
108, 327
49, 227
59, 100
68
4.0
71
4.1
72
4.2
70
4.1
75
4.4
793
772
740
529
586
553
17.3
13.6
595
16.5
15.3
15.1
514
14 6
17.3
562
580
16.8
16.6
737
16.1
16 6
17 5
885
796
849
739
737
728
743
814
787
867
747
693
42
52
73
57
52
63
97
101
69
49
79
64
88
721
2
Revised.
* Preliminary.
* Data cover a 5-week period.
Preliminary estimate of production.
3 Revisions for January-March 1956 (thous. Ibs.): Apparel wool—24,676; 25,614;
29,320; carpet wool—12,851; 13,449; 14,492. Revised data for 1955 will be shown later.
1f Data for June, September, and November 1956 and January 1957 cover 5-week periods; other months cover 4 weeks.
cTExports revised beginning January 1954 to include 2 types of aircraft formerly classified as "special category" and therefore excluded from the total.
©Data beginning January 1956 include exports of "used" special-purpose vehicles not included in earlier data; exports of these types averaged 26 vehicles per month in 1955. Revisions
(number): Total—October 1954,22,216; 1955—January, 38,743; September, 23,190: October, 23,397; December, 38,728; tracks, etc., October 1954, 15,859; 1955—January, 17,073; September, 13,421
October, 14,542; December, 16,043.
§ Excludes railroad-owned private refrigerator cars.
©Data beginning December 1955 reflect reclassification of reporting roads to revised ICC list of class I line-haul railroads; comparability with earlier data, based on ownership, is affected by less than 1 percent.
NOTE: Beginning with the October 1956 STJKVEY, figures for shipments of industrial trucks and tractors will be found on p. S-34 in the Machinery and Apparatus Section.
U. S. G O V E R N M E N T P R I N T I N G O F F I C E : 1957
•INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40Pages marked S
Acids
__
24
Advertising
... 8,9
Agricultural employment
11
Agricultural loans and foreign trade
16,17, 21, 22
Aircraft and parts..
2,12,13,14,15,40
Airline operations
,_ _
23
Alcohol, denatured and ethyl
._
24
Alcoholic beverages
... 2,6, 8, 27
Aluminum
33
Animal fats, greases, and oils
_
25
Anthracite
11,13,14,15,34
Apparel
2,3,6,8,9,10,12,13,14,15,39
Asphalt and asphalt 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
Bituminous coal
11,13,14,15,35
Blast furnaces, steel works, etc
12,14,15
Blowers and fans
34
Bonds, issues, prices, sales, yields
17,19, 20
Book publication
_
37
Brass and bronze
33
Brick
_
38
Brokers' loans and balances
16,19
Building and construction materials
8,9,10
Building costs
8
Business incorporations, new
5
Business sales and inventories
3
Butter
27
Cans (metal), closures, crowns
32
Carloadings
23
Cattle and calves
29
Cement and concrete products
6,38
Cereals and bakery products
6,12,13,14,15
Chain-store sales (11 stores and over only)
10
Cheese
27
Chemicals
. 2,3,4, 6,12,13,14,15,19, 22, 24
Cigarettes and cigars
6,30
Civilian employees, Federal
12
Clay products (see also Stone, clay, etc.)
6,38
Coal
3,6,11,13,14,15,22,23,34,35
Cocoa
22,29
Coffee
22,30
Coke
23,35
Commercial and industrial failures
5
Communications
11,13,14,15,19, 20, 24
Confectionery, sales
29
Construction:
Contracts awarded
7
Costs
8
Dwelling units
7
Employment, earnings, hours, 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
Copra and coconut oil
25
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
.
2,5,26,28,30,39
Crude oil and natural gas
3,11,13,14,15
Currency in circulation
18
Dairy products
. 2,5,6,12,13,14,15,27
Debits, bank
16
Debt, United States Government
„
17
Department stores
9,10,11,17
Deposits, bank
16,18
Disputes, industrial
13
Distilled spirits
--- 27
Dividend payments, rates, and yields
1,19, 20
Drug-store sales
9,10
Dwelling units, new
7
Earnings, weekly and hourly
14,15
Eating and drinking places
9,10
Eggs and poultry
2,5,29
Electric power.
6,26
Electrical machinery and equipment
2,
3,6,12,13,14,15,19,22,34
Employment estimates and indexes
11,12
Employment Service activities
13
Engineering construction
7,8
Expenditures, United States Government
17
Explosives
25
Exports (see also individual commodities).
21, 22
Express operations
23
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
26
Flooring
31
Flour, wheat
29
Food products
2,3,4 5,
6,8, 9.10,12,13,14 15,18, 22, 27, 28, 29 ,30
Pages marked S
Foreclosures, real estate..
___
._
..
8
Foreign trade indexes, shipping weight, value
by regions, countries, economic classes, and
commodity groups .
__.___..
21,22
Foundry e q u i p m e n t _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
34
Freight c a r l o a d i n g s . _ _ _ _ _ _ _ _ _ _ _ _
________
23
Freight cars (equipment).
, _..
.
40
Freight-car surplus and shortage _
23
Fruits and vegetables
__ .
.
. 5, 6, 22, 28
Fuel oil...
_______________
...
35
Fuels. _ _ .
........
___
6,34,35
Furnaces
._
.__
34
Furniture..,
. . _ _ . _ . . _ 2,3,6,9,10,12,14,15,17
Furs
___.__._
___________
22
Gas, prices, customers, sales, r e v e n u e s . _ _ _ _ _ _ 6,27
Gasoline
_.._._.
_______
9,36
Glass products,
38
Generators and motors..
___«
34
Glycerin .
._______„_.
... 24
G old
.
...
18
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..
„„
___
39
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
__
1
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
International transactions of the U. S
__ 21, 22
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
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
,_ .
26
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,
3,4,6,8,9,10,12,14,15,18,31,32
Machine activity, cotton.
39
Machine tools
34
Machinery....
__ 2,3,4,5,6,12,14,15,19,22,34
Magazine advertising
„
8
Mail-order houses, sales
,_
11
Manmade fibers and manufactures
6,39
Manufacturers' sales, inventories, orders
. 3,4,5
Manufacturing production indexes_
2,3
Manufacturing production workers, employment, payrolls, hours, wages..... 11,12,13,14,15
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
Methanol
._.___.
24
Milk
. _____
_.
.
27
Minerals and mining
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
__________
1,17
Newspaper advertising.
8,9
Newsprint...
22,37
New York Stock Exchange, selected data
19, 20
Nonferrous metals
2,6,12,14,15,19,22,33
Noninstallment credit_.
17
Oats
.
...
28
Oil burners
,_ _ _
34
Oils and fats, greases
6, 25,26
Orders, new and unfilled, manufacturers'
5
Ordnance
„
...
11,12,14,15
Paint and paint materials
, _ _ _ 6,26
Panama Canal traffic
.
.
23
Paper and products and pulp
2,
3,4,6,12,13,14,15,18,36,37
Passports issued ...
, __
24
Payrolls, indexes.
__
12
Personal consumption expenditures
1,9
Personal income._. ~
... —
1
Personal saving and disposable income
1
Pages marked S
Petroleum and products
*__._L
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.
,_
32
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, corporation
1,18,19
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
I.
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, chain stores (11
stores and over only), general merchandise,
department stores
3,5, 9,10,11,13,14,15,17
Rice
.
28
Roofing and siding, asphalt.__I
36
Rubber (natural, synthetic, and reclaimed),
tires and tubes
6,22,37,38
Rubber products industry, production index,
sales, inventories, prices, employment, payrolls, hours, earnings....... 2,3,4,6,12,13,14,15
Rye
_
28
Saving, personal..
1
Savings deposits
16
Securities issued
_
19
Services
__
1,9,11,13,14,15
Sewer pipe, clay
__
38
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, imports, prices, production.il
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, sales, yields, listings.
20
Stone, and earth minerals
3
Stone, clay, and glass products
2,
3,4,12,14,15,19,38
Stoves. _
34
Sugar
.
.
22,30
Sulfur
~_
III_
25
Sulfuric acid
_,
24
Superphosphate. __
..Ill —111IIII
25
Tea
30
Telephone, telegraph, cable, and r«dio-telegraph carriers
__
11,13,14,15,20,24
Television and radio
__,
3,6,8,34
Textiles
_
_
_
2,
3,4,6,12,13,14,15,18,22,39,40
Tile
_
_,
_
38
Tin
_
22,33
Tires and inner tubes
6,9,10,12,13,14,15,38
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 equipment2,
3,4, 5,6, 9,11,12,13,14,15,19, 23, 24,40
Travel
24
Truck trailers
IIIIIIII~III~I
40
Trucks
I 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
Wages and salaries
Washers.
Water heaters
Wax
Wheat and wheat
flour
Wholesale price indexes
Wholesale trade
Wood pulp
Wool and wool manufactures
Zinc.
_.„
34
«.__,_,
9,10
.__,._ _ _
25,26
----- 5,6,22,28
_,__ _
23
13,17
..--_
l t !4,15
34
34
36
._
28, 29
„,__;
6
3,5,11,13,14,15
...__;
36
,__,-_ 2,5,6,22,40
_,
33
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Volume 37
Survey of Current Business
Numbers 1-6
First-Half 1957 Index
of Special Articles and Features
SPECIAL ARTICLES
ATo.
4
Page
Government Foreign Assistance in 1956
The Role of U. S. Investments in the Latin
American Economy
,
6
Ten Years' Experience With Business Investment
Anticipations
16
Changing Patterns in Economic Expansion—A
Review of 1956.
1
Business Anticipations of Capital Expenditures
and Sales, 1957
.
5
Developments in the U. S. Balance of International Payments
,
11
A New Look at Production Growth Rates. . . . . .
5
Page
13
Pattern of Buying of Consumer Goods
5
9
Debt Changes in 1956
5
15
New Distribution of Total National Output by
Goods, Services, and Construction, 1929-56. . . .
4
Investment Plans and Realization—Reasons for
Differences in Individual Cases
12
New Record in Foreign Travel—Pattern Shifts but
Uptrend Continues
19
Expansion in Foreign Business—Exports Up but
Decline in Foreign Reserves Extended. . . . . . . .
23
FEATURES
National Income and Corporate Profits.
National Income and Product in 1956. .
Production and Trade Developments. .
Expansion in Foreign Business
No.
I
Page
3
2
2
21
2
30
No.
4
Recent Financial Developments
The Economy in the First Quarter—
6
A Review of National Income and Product. . . .
Rise in Capital Investment Continues. .
Page
3
5
6
Newest Supplement (March 1957)
PERSONAL INCOME BY STATES since 1929.
229 pases, $1.50
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