Full text of Survey of Current Business : June 1961
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JUNE 1961
survey of
CURRENT
BUSINESS
U.S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
SURVEY OF CURRENT BUSINESS
JUNE 1961
VOL. 41, NO. 6
U.S. Department of Commerce
Luther H. Hodges
Secretary
Office of Business Economics
M. Joseph Meehan
Director
Contents
BUSINESS REVIEW
PAGE
Summary
Louis J. Paradise
Managing Director
1
Economic recovery underway—Personal income higher—Advance
in industrial production and employment
Murray F. Foss
Editor
Public and Institutional Construction
Continue High
Billy Jo Dawkins
Graphics
4
Business Population Rise Extended in I960
K. Celeste Stoi
Statistics Editc
5
STAFF CONTRIBUTORS
TO THIS ISSUE
1961 BUSINESS INVESTMENT
Little Change From Earlier Expectations
6
Manufacturing Shifts Characterize Change
6
Nonmanufacturing Investment
7
Business Review and Feature:
L. Jay Atkinson
Cecelia W. Craig
Clement Winston
ARTICLES
Genevieve Wimsatt
Marie P. Hertzherg
The U.S. Balance of International Payments
Position Improved Mainly by Lower Capital Outflows....
9
Summary Review
9
Factors in Trade Balance Rise
11
Analysis of U.S. Short-Term Capital Flow
15
Articles:
Walther Lederer
Frances P. Sasscer
Elizabeth M. Outten
Growth of Foreign Travel
Large Rise Through 1960—Some Slowdown in 1961
16
Sharp Rise in Fare Payments
16
Foreign Travelers Increase Expenditures in U.S
17
NEW OR REVISED SERIES
Inventory-Sales Ratios of Manufacturing and Trade Firms..
20
MONTHLY BUSINESS STATISTICS
General
S1-S24
Industry
S24-S40
Subject Index
Inside Back Cover
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Make checks payable to the Superintende
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Office.
U.S. DEPARTMENT OF COMMERCE FIELD OFFICES
Albuquerque, N. Mex., U.S. Courthouse.
OHapel 7-0311.
Atlanta 3, Ga., 604 Volunteer Bldg., 66 Luckie St., N.W.
JAckson 2-4121.
Boston 10, Mass., Room 230, 80 Federal St. CApitol
3-2312.
Buffalo 3, N.Y., 504 Federal Bldg., 117 Ellicott St.
TL 3-4216.
Charleston 4, S.C., Area 2, Sergeant Jasper Bldg., West
End Broad St. RAymond 2-7771.
Cheyenne, Wyo., 207 Majestic Bldg., 16th St. and
Capitol Ave. 634-2731.
Chicago 6, 111., Room 1302, 226 W. Jackson Blvd.
ANdover 3-3600.
Cincinnati 2, Ohio, 809 Fifth Third Bank Bldg., 36 E.
Fourth St. DUnbar 1-2200.
Cleveland 1, Ohio, Federal Reserve Bank Bldg., E. 6th
St. and Superior Ave. CHerry 1-7900.
1, Tex., Room 3-104 Merchandise Mart. RiverDigitized for Dallas
FRASER
side 8-5611.
Denver 2, Colo., 142 New Custom House. KEystone
4-4151.
Detroit 26, Mich., 438 Federal Bldg. WOodward 3-9330.
Greensboro, N.C., 407 U.S. Post Office Bldg.
B Road way 3-8234.
Houston 2, Tex., 610 Scanlan Bldg., 405 Main Street.
CApitol 2-7201.
Jacksonville 1, Fla., 425 Federal Bldg. ELgin 4-7111.
Kansas City 6, Mo., Room 2011, 911 Walnut St. BAltimore 1-7000.
Los Angeles 15, Calif., Room 450, 1031 S. Broadway.
Richmond 9-4711.
Memphis 3, Tenn., 212 Falls Bldg. JAckson 6-3426.
Miami 32, Fla., 14 NE. First Avenue. FRanklin 7-2581.
Minneapolis 1, Minn., Room 304, New Federal Bldg.
FEderal 2-3211.
New Orleans 12, La., 333 St. Charles Ave. 529-2411.
New York 1, N.Y., Empire State Bldg. LOngacre 3-3377.
Philadelphia 7, Pa., Jefferson Bldg., 1015 Chestnut St.
WAlnut 3-2400.
Phoenix, Ariz., 137 N. Second Ave. ALpine 8-5851.
Pittsburgh 22, Pa., 107 Sixth St. GRant 1-5370.
Portland 4, Oreg., 217 Old U.S. Courthouse Bldg.
CApital 6-3361.
Reno, Nev., 1479 Wells Ave. Phone 2-7133.
Richmond 19, Va., Parcel Post Bldg. Milton 4-9471.
St. Louis 1, Mo., 910 New Federal Bldg. MAin 1-8100.
Salt Lake City 1, Utah, 222 SW. Temple St. DA vis
8-2911.
San Francisco 11, Calif., Room 419 Customhouse.
YUkon 6-3111.
Savannah, Ga., 235 U.S. Courthouse and P 0. Bldg.
ADams 2-4755.
Seattle 4, Wash., 809 Federal Office Bldg., 909 First Ave.
Mutual 2-3300.
By the Office of Business Economics
E<
j CONOMIC recovery is broadening
and total output, employment and income continue to advance. With
prices generally stable the expansion
has reflected gains in real terms.
Among the major components of final
demand, personal consumption and
government purchasing are rising, and
plant and equipment outlays are steady.
The latest plant and equipment
INVESTMENT IN PLANT AND EQUIPMENT
1961 Business Programs Unchanged From
March Survey — First Half Expectations a
Bit Lower, and Second Half Up Modestly
Billion $ (ratio scale)
TOTAL INVESTMENT
40
30
Manufacturers and Public Utilities Program
Some Increase in Third Quarter
Manufacturing
15
10
8
Public Utilities
1957
1958
1959
I960
1961
Quarterly Data, Seasonally Adjusted, at Annual Rates
O Anticipated
0, S. Department of Commerce, Office of Business Economics
DctcJ;
QBE,SEC
6!-6-I
expenditures survey, completed at the longer hours of work were both influend of May, shows second quarter in- ences in the rise. The payroll advestment to be the same as in the vance was widespread by major indusinitial quarter of the year, with a try, being particularly sharp in
modest rise scheduled for the summer manufacturing.
Manufacturing production, seasonquarter. Housing activity is running
above the opening quarter rate, though ally adjusted, increased again in May
the May figures suggest a less-than- and to a large extent w^as responsible
seasonal rise in construction employ- for the increases in associated types of
industrial activity such as electric
ment last month.
There is also evidence of improve- power, coal mining and freight carment in the inventory situation, which loadings. The Federal Reserve Board
has been an adverse business factor. index of industrial output rose 3 perWhile the April results are not con- cent over the month. The May rise
clusive that the liquidation has ended, brought the index to a point 6 pernevertheless, the month's figures cou- cent above the average for the first
pled with the better flow of orders to quarter, and within 3 percent of the
manufacturers definitely indicate that previous index peak reached in Januthis source of downward pressure on ary 1960.
With durable goods demand rising,
the economy has been greatly diminished. This development has occurred production in this sector advanced
relatively sooner than in earlier again last month, paced by the steel
and automobile industries, although
upturns.
With the business recovery in its other industries also contributed to the
initial stage, the slack in the economy is increases. Steel production rose throng}i
only gradually being taken up; durable the month and was 13 percent above
goods activity and real investment gen- April on a seasonally adjusted basis.
erally are still below year-ago volumes. Early June witnessed two successive
Industrial production has regained but small drops in steel output, the
roughly three-quarters of the cyclical first weekly reductions since March.
decline from the peak of 1960. Em- There was also a rise in motor vehicle
ployment is on an uptrend with wage production in May, as manufacturers
income increasing, but unemployment turned out almost 650,000 cars and
remains high and marked mainly by trucks. Both types of vehicles contributed to the advance. May passeasonal changes.
senger-car assembly of 540,000 units
Progress of recovery
was about 10 percent less than those of
The advance in output brought a a year ago.
further rise in purchasing power in
Rising industrial activity in hard
May, the third successive increase
goods has helped to boost output in
since the February trough. The
seasonally adjusted annual rate of per- nondurables such as chemicals and
sonal income last month was up to a paper. Textile, leather and apparel
new high at $414 billion, a $2X billion production extended the advance that
pickup over April and a $7% billion started after January, while output of
increase over the low point of last food, beverages and tobacco was little
winter. Increased employment and c h a n e d over the month.
SURVEY OF CURRENT BUSINESS
Inventory liquidation eases
With the general improvement in
business, the inventory pressures which
had held back industrial sales eased.
The small increase in total inventories,
seasonally adjusted, during April came
from a rise in stocks held by nondurable
goods manufacturers which more than
offset a further drop in durables. Since
durable manufacturing inventories were
still edging down in April and in the past
cycles have tended to fall long after an
upturn in sales, further data are necessary before a definitive gage of the
change will be available.
Total nonfarm inventories after
reaching a peak at the end of June 1960,
had declined steadily through March
of this year. The first quarter decrease
The Business Upturn Is Being Accompanied
By a Firming of Installment Credit
Billion $
500
400 I
200
1957= 100
Personal Income
r
150
100
50
L Consumer Installment
Credit Extended
Auto Paper Has Accounted for
Major Fluctuations
X
Motor Vehicle Dealers
Retail Sales
20 (-
\
Credit Extended
Automobile Paper
6
I
1
1
1
I
1
I
I
I
I
I
i
i \ i t •. i i i , 1 : ! I 1
Other Installment Paper
Less Sensitive
30 ! i i i i i i i i i ! 1
1950
55
60
AnnuaJ
1960
0- S. O^oartment of Commerce, Office of Business Economics
1961
MonthJy, Seasonally
Adjusted, at Annual Rates
D a t a F R 8 , Census ft QBE
61-6-2
was particularly large—a decline (nonfarm) of approximately $5 billion at a
seasonally adjusted annual rate—with
much of the reduction centering in
retail trade, particularly automotive
dealers.
June 1001
iii May was reduced by about 1 million
from the 5.7 million February peak.
Most of the change has been seasonal,
and relative to the labor force the number of unemployed, after seasonal correction, has been just under 7 percent
since last December; in May 1960 the
Durable sales turn up
rate was 5 percent.
With incomes rising the trend of
The unemployment rate in the latest
consumer purchasing has improved, recession was not so high as at the
with auto sales making a very con- peaks that were reached in 1958 or 1949,
siderable recovery. Retail sales in May and reflected the fact that the most
rose approximately one percent over recent business downturn was mild
April, after seasonal adjustment. Last compared with similar movements earmonth's sales were 2 percent below lier in the postwar period. It may be
those of a year ago.
noted that at the peak of the 1958-60
The latest advance in durable goods business recovery the unemployment
brought about the highest rate of sales rate averaged approximately 5 percent,
in 6 months; it was attributable compared with the 3 percent from about
mainly to increased purchases of new mid-1951 to mid-1953, and about 4 perand used cars. New domestic car sales cent from mid-1955 to mid-1957. The
were at a seasonally adjusted annual recovery in the 1959-60 period was not
rate of 5.8 million units, the best complete so that the unemployment
showing this year and about one-fifth rate at the top of the business rise in
above the average rate in the first early 1960 may not be strictly comquarter.
parable with the earlier periods as a full
Nondurable goods sales in the latest recovery situation.
month changed very little, and sales in
Past recoveries in total output have
the April-May period averaged the
been
accompanied by declines in the
same as in the first quarter. Such sales
unemployment
rate but typically with
have been basically unchanged for a
a
lag.
Real
GNP
hit a low point in the
whole year, holding steady throughout
second
quarter
of
1949 but the rate of
the period of business decline and
unemployment
rose
until the fall of that
initial recovery.
year. Similarly, real output reached its
Extent of employment recovery
cyclical low in the first quarter of 1958
Employment has risen sufficiently by whereas unemployment peaked in the
now to show a distinct improvement—a summer; in 1954 the lag was somewhat
full half-million over the March low shorter. In this respect, then, the conand a recovery of more than two-fifths tinuation of high unemployment at presof the recession loss. Nonfarm employ- ent when production is rising is not
ment (establishment basis) registered a different from past experience. It will
better-than-seasorial advance for the
be recalled that in manufacturing, for
second successive month, rising to more
than 52^ million in May. All of the example, employment began to increase
major industry divisions showed sea- only in April, whereas hours of work
sonally adjusted increases, with the had been rising since the first of the
exception of contract construction. The year.
advance in durable goods manufacClose to one out of every five persons
turing, where gains were of the wide- out of work in May had been unemspread character typical of an initial ployed for more than 6 months; comrecovery stage, was especially marked parative data for the month of May for
in primary and fabricated metals, but earlier recessionary years are shown
also took place in machinery and below. Though the proportion has also
transportation equipment.
tended to rise during the early stages of
Unemployment changes
recovery when rehiring of the recently
With labor market conditions improv- unemployed has occurred, the distinct
ing, the number of persons out of work upward trend in the proportion over
SURVEY OF CURRENT BUSINESS
June 1001
Total Number of Persons Unemployed and
Number Unemployed for 27 Weeks or
More
27
Total Weeks
and
over
(1)
Col.
(2) as
percent
of (1)
(2)
Millions
3. 6
2
6
1954 _
3. 7
.4
10
1958
4. 9
.6
12
1961
4. 8
.9
19
May 1949
the postwar period, as seen in 1949,
1954, 1958 and 1961, is quite clear.
Movements in insured unemployment, which is shown on the chart, have
generally followed those in total unemployment. Differences in level between
the two figures have reflected workers
not covered by insurance, persons who
had exhausted benefits and others not
eligible due to lack of employment
experience or technical considerations.
Insured unemployment
by new law
broadened
The passage in March of the Temporary Extended Unemployment Compensation Act was aimed at the problem
of benefit exhaustion, which became
increasingly serious during the first
few months of 1961. The new law,
which is effective from April 1961
through June 1962, provided a 50
percent extension in the duration of
unemployment insurance payments,
with a maximum extension of not over
13 weeks.
During the first 6 weeks of the program's operation the number of persons
receiving benefits rose to approximately
750,000 in the third week in May; this
compares with 2.3 million receiving
benefits under regular State programs
at the same time. The 3.3 million
persons drawing benefits under all
programs—State and other—in midMay was 70 percent of total unemployment.
Monetary ease continues
Recent changes in general business
activity have been accompanied by only
INSURED UNEMPLOYMENT UNDER REGULAR STATE PROGRAMS
With Recent Additions Under U.S. Emergency Program
Million Persons
Total, Including
Emergency Program
moderate changes in financial requirements of business firms. Some shift in
financing has occurred in recent months;
while demand for commercial bank
loans by business has been weak, there
has been an increase in corporate
security issues and a considerable rise
in loans for the purchase of securities.
Commercial banks continue to hold
substantial excess reserves and member
borrowings from the Federal Keserve
banks have remained negligible.
During the first quarter of the year,
when economic activity was moving
down, the demand for bank loans was
declining and the pickup in economic
activity to date has brought little
change in business loan requirements.
One of the principal changes from a
year ago in bank borrowing has been
by metals manufacturing companies.
Expansion was sharp in the first half
of last year, followed by a curtailment
well into the first quarter of 1961.
Since then there has been little change.
Public utilities borrowing has declined
substantially this spring. In both of
these industries reduced bank borrowing
has been accompanied by some shift in
financing to capital markets. Trade
loans have also shown a weaker trend
for several months than in the corresponding period a year earlier.
Other changes in the demand for
funds include some absorption of credit
in the stock market in the past several
months, accompanying rising stock
prices to historic high on an increased
volume of transactions.
Firming in consumer credit
1958
1959
I960
1961
Weekly Average for Month
Data-1 U.S. Dept. of Labor
U. S. Department of Commerce, Office of Business Economics
61-6-3
Consumer installment credit demands
have reflected a decline in installment
buying in the past year, and while there
has been some firming in recent months
there is as yet no marked pickup. As
shown in the second panel of the accompanying chart, installment credit
extended reached a peak in the spring
of 1960. Thereafter, the largest drop
was in automobile paper, which accompanied the weakened demand for
automobiles. The improvement in
motor vehicle demand this spring
appears to have limited the reductions
in this type of credit.
SURVEY OF CURRENT BUSINESS
Public and Institutional Construction
Continue High
JrUBLIC construction expenditures,
seasonally adjusted, have shown a somewhat erratic movement since the end
of last year but the volume has continued high. At a seasonally adjusted
annual rate of $17% billion in the first
5 months of 1961, public construction
is near the peak reached in early 1959.
New highway expansion
increased—both by additions to the
network and by higher estimated
costs—to $37 billion.
Pending legislation provides new
taxes to go into the highway trust fund
for an increase in interstate apportionments during the decade ahead of $11.5
billion, and is aimed at making possible
the completion of the Interstate System
around 1972, about as originally sched-
June l!)(il
uled. Apportionments of Interstate
Federal aid to States, which is now
around $2 billion annually, would
under the pending schedule be increased gradually beginning in fiscal
year 1963 to a plateau of $3 billion
toward the end of this decade.
School construction extensive
School construction expanded sharply
in the first decade after World War II,
reaching a high of more than $2.8
billion in 1957 arid 1958. Although a
little lower in 1959, it has held in this
general range now for about 5 years
Short run changes in public construction outlays in the past 2 years or so
NEW CONSTRUCTION ACTIVITY
have been substantially larger than any
Varying Patterns in the Three Major Sectors
other occurring in this segment in a
number of years. Until the 1958
Private Nonresidential
Private Nonfarm
Public
30
30
30
Residential
recession, outlays had shown a gradual
secular uptrend, little affected by cyclical shifts in economic activity. In the
20
20
20
Highway Act of 1958, a speedup in
New Series
Federal aid for highway construction
10
10
10
was provided for by temporarily susr
pending the pa} -as-you-go amendment
to the highway trust fund. The fund
is derived from Federal highway user
PRIVATE NONRESIDENTIAL CONSTRUCTION
tax receipts and is the basis for all
Utilities Are
Strong Growth in
Rise in
Federal aid to highways. After the
At High Rate
Store and Office Building
Institutional Construction
period of the emergency financing provided in the 1958 act, there was a
Public Utilities
temporary curtailment in Federal aid
and in highway construction.
With the provision for increased
taxes for the highway trust fund in late
A
1959, highway building again turned
Industrial
upward and has continued to rise
through the first quarter of 1961.
Total expenditures including State and
local outlays are expected to total
PUBLIC CONSTRUCTION
nearly $6 billion in 1961, about the
Pause in
Little Change in
Steady Rise Since 1955
same as the previous high in 1959.
Road Advance
Recent Years
In All Other Public
The general expansion is indicated by
comparison with 1956, the year in
which the Interstate Program was
enacted, when construction outlays
were $4.4 billion. Five years earlier,
in 1951, highway construction expend- I
itures were $2.4 billion.
Although receipts from user taxes
placed in the trust fund have been
about as anticipated, additional revenues are needed if the original schedule
$50
55
60*
60
60'
for completing the interstate system is
to be maintained. The 1955 estimate Last plotting point r e p r e s e n t s data for f i r s t 5 m o n t h s 1961, s e a s o n a l l y a d j u s t e d , at a n n u a l r a t e
Data: Census
of Federal costs of $25 billion has been U. S. Department of Commerce, Office of Business Economics
61-6-4
June 1001
with some rise this spring. During
this period, some increase has occurred
in costs so that the actual number of
classrooms constructed has declined a
bit.
School-age population has risen about
50 percent in the past decade with the
increase concentrated in the elementary
schools. The present age distribution
of children and youth indicates that
the rise will continue to be large, but
with some shift in the rates of advance.
The growth in elementary-age groups
in the next few years will be substantially under the 1 million annual increase of the past decade. As compared
with the past decade there will be a
more rapid growth, however, in high
school-age pupils in the next few years,
and an acceleration in the college-age
group for the next decade. Federal aid
to schools in pending legislation provides increased funds in the next few
years.
SURVEY OF CURRENT BUSINESS
institutional in character, but it includes
other categories (e.g. farm) outside of
the regular quarterly plant-and-equipment survey. This group, as shown in
one of the panels in the chart has been
characterized by a series of advances of
2 to 3 years, and then a similar period
of stability. The "stairstep" pattern
of advance and leveling off appears to
be largely independent of changes in
economic activity in the past several
years. After rising to a new high in
1960, it eased a bit during the course
of the year and has advanced to a new
high this spring.
Within this group religious building
construction in 1961 has been at an
annual rate of around $1 billion, the
same as in 1960. Private educational
building has been rising in the past
year. At a seasonally adjusted annual
rate of $600 million, it is moderately
above the rather stable rate which had
prevailed for several }^ears. Social and
Table 1.—New Construction Activity,
Seasonally Adjusted at Annual Rate
[Billions of dollars]
1961
19 60
I
Public
1*> 1
5.2
Highways
Sewer and water- 1.5
Educational
2.6
Hospital and institutional
.4
Military and industrial
1.7
All other
3.7
II
III
IV
I
16.0
5.7
1.5
2.8
16.5
6.0
1.5
2.9
16.9
6.0
1.5
3.0
17.5
6.0
1.6
3.0
April-May
average
16.8
5. 5
1.6
3.1
.4
.4
.4
.4
.4
1.6
3.9
1.8
4.0
2.0
4.1
2.1
4.4
1.9
4.3
16.9
16.8
16.9
17.1
17.5
17.6
2.2
14.7
2.2
14.6
2.2
14.7
2.2
14.9
2.3
15.2
2.3
15.2
Private residentiaL 22.7
22.2
21.9
21.4
20.1
21.5
54.7
54.9
55.3
55.4
55.1
55.9
Private nonresidential
Institutional
and related
All other
Total
Source: U.S. Department of Commerce, Bureau of the
Census.
recreational outlays are at about the
same rate as private educational spending; they have recently shown some
decline following an extended strong
rise.
Other public outlays
Public hospital construction has been
relatively stable in recent years at a
rate somewhat below the high reached
in 1951. In the past 5 years, however,
private hospital construction has been
stepped up, aided by matching Federal
grants, so that total hospital construction has again readied the earlier rate
of about $1 billion annually.
Military and public industrial spending was somewhat lower in 1960, with
the decline early in the 3rear and some
pickup in the latter part. Recent
changes have been rather small.
Other public construction has shown
a general uptrend during the past few
years, but it eased in late 1959 and
early 1960. Subsequently the uptrend
has been resumed. Public residential
construction has been running at an
annual rate of around $750 million this
year, a bit above last year but somewhat lower than in 1958 and 1959.
Other public construction, principally
conservation and development and public service enterprises are somewhat
higher than a year ago.
Comment on private institutional
construction
There is a substantial volume of
other private nonresidential construction for
which
is in considerable part
Digitized
FRASER
Business Population Rise Extended in 1960
J_ HE number of operating concerns at
the beginning of 1961 reached 4.7 million, an increase of about 60,000 or
somewhat more than 1 percent from a
Table 2.—Number of Firms in Operation
January 1, 1958-61 and Number of New
and Discontinued Businesses, 1957-60
[Thousands]
All Conin- tract Man- Whole- Retail Serdus- con- ufacsale
trade vices Other
tries struc- turing trade
tion
Firms in Operation January 1
1958
1959 r
1960
1961 P
4,533
4,583
4,660
4,717
466
464
475
479
329
323
324
324
309
312
317
323
1, 955
1,977
1,998
2,011
828
848
872
893
647
658
674
687
Table 3.—Number of Firms in Operation,
1957-61
New Businesses
1957
1958
1959 '
1960 P
398
397
423
443
57
58
67
68
25
24
27
28
23
22
23
25
166
160
162
171
year earlier. This was a slightly smaller
rise than occurred during 1959, reflecting the weakening in economic activity
during the second half of 1960. A
slower rate of growth was also apparent
in the opening quarter of this year.
The 440,000 new businesses established during 1960 exceeded slightly the
number established in 1959. Discontinued firms totaled 385,000 in I960,
however, a larger advance from 1959
than was shown by new establishments.
With the exception of manufacturing,
all the major industrial segments shared
in the increase in the number of firms
last year. The services and retail trade
88
56
56
61
63
53
55
59
67
43
45
46
50
71
ii
[Thousands of firms, adjusted for seasonal variation]
End of quarter
Discontinued Businesses
1957
1958
1959'
1960 P
T
Revised.
335
347
347
386
57
59
57
63
29
30
26
28
17
19
18
19
137
138
141
158
» Preliminary.
Source: U.S. Department of Commerce, Office of Business
Economics.
1957
1958...
1959
1960_.
1961
I
II
III
4,500
4,555
4,615
4,690
4,740
4, 520
4,565
4,635
4,710
4,535
4,580
4,655
4,725
IV
!
j
!
I
4, 545
4, 595
4, 670
4, 730
i
Source: U.S. Department of Commerce, Office of Business
Economics.
SURVEY OF CURRENT BUSINESS
concerns registered the largest advances—about 2 percent—with lesser
gains for construction and wholesale
trade. The number of manufacturing
companies in operation has shown little
change in the last few years.
All of the major groups contributed
to the 1960 rise in the number of new
and discontinued businesses, with retail
trade accounting for somewhat more
than its proportional share in the
changes.
June 19G1
manufacturing industries, mining, communications, commercial firms, and
railroads. Some cutbacks in programed
outlays for 1961 were anticipated by
durable goods manufacturers, public
utilities and nonrail transportation.
Upturn projected this summer
Actual spending by business for plant
and equipment during the first 3 months
of 1961 dropped to a seasonally adjusted
annual rate of $34 billion. Second quarter expenditures are expected to hold
at this level and then to rise to $34}*
billion during the summer quarter.
These quarterly figures, given the anticipation for the full year 1961, imply a
further rise in the closing 3 months of
1 HE LATEST survey of capital that of last March which pointed to
the year to about the same rate as in the
spending plans indicates that business- the probable end of the recent cyclical
final quarter of 1960. The indicated
men have not significantly altered their downtrend in capital investment in the
advance from the first to the second
1961 investment programs in total since first half of 1961 and to a moderate
half of the year is in excess of $1 billion
the early part of the year—although rise in the final 6 months. As now
at annual rates.
offsetting upward and downward ad- projected, 1961 spending of $34% billion
The high of the 1958-59 recovery in
justments have been made in the would fall short of the 1957 high by
plant and equipment expenditures occomponent industries. Reports made 7 percent, but would exceed the 1958
curred in the second quarter of 1960,
in late April and May to the Depart- low of that cycle by a tenth.
with a seasonally adjusted annual rate
ment of Commerce and the Securities
Absence of major revisions in capital
of $36}£ billion. If the cyclical downand Exchange Commission indicate spending plans from the earlier return ends in the current quarter, it will
that business still plans to spend about ports—either up or down—characterized
have lasted not more than four quar3 percent less for new plant and all lines of business. Moderate expanters—a short period—and the magnision from earlier projections were reequipment in 1961 than in 1960.
tude of the decline (7 percent) would
The current survey also corroborates ported by most nondurable goods
also be comparatively moderate. It
will be recalled from earlier reports that
the peak of the 1958-60 expansion had
PLANT AND EQUIPMENT INVESTMENT
fallen short of the 1957 high b}7 4
Business Anticipates 1961 Total 3 Percent Less Than in 1960
percent, or $1% billion at an annual rate.
1961 Business Investment
Little Change From Earlier Expectations
Manufacturing Shifts
Characterize Change
I
1957
1958
1959
1960
P^
1961*
I
W
L__
1st H o l f *
2nd H a l f *
1961
^ A n t i c i p a t e d by business
U. S. Department of Commerce, Office of Business Economics
Data: SEC 8 Q B E
61-6-5
Manufacturers expect to invest $14
billion in new plant and equipment in
1961, little different from the amount
programed 3 months ago. However,
nondurable goods producers are expanding their plans while a further retrenchment has appeared in the durable goods
segment. Heavy manufacturing has,
characteristically, accounted for the
major share of the 1960-61 drop in fixed
investment. While comprising about
one-fifth of the total plant and equipment outlays it has contributed more
than two-fifths of the aggregate decline
from the second quarter of 1960 to the
second quarter of this year.
The unfilled order-sales ratios for the
heavy goods industries—which may be
SURVEY OF CURRENT BUSINESS
June 1961
taken as a crude measure of the pressure
on capacity—have been around their
lowest rates in the postwar period. In
recent weeks the ratios have steadied—
thereby halting a 15-month downtrend.
Durable goods producers have scaled
down their 1961 capital programs to
Table 4.—Change in Plant and Equipment
Expenditures, 1960-61
[Billions of dollars]
Actual
1960
AT anuf acturing
Durable goods industries,Nondurable goods industries
Mining
Railroads
Transportation, other than
rail
Public utilities
Commercial and other
Total
Anticipated
1961 i
Percent
change
14 48
14 00
—3
7.18
6.45
— 10
7.30
7.55
3
.99
1 03
1. 03
70
4
—32
1 94
5 68
11. 57
1 76
5 91
11.05
—9
4
-4
35.68
34.46
-3
1. Anticipated by business in late April and May 1961.
Sources: U.S. Department of Commerce, Office of Business
Economics, and Securities and Exchange Commission.
billion with almost all major industries
reporting cutbacks from 1960. Current
anticipations indicate 1961 investment
at 10 percent below 1960, with mild
recovery indicated for the second half
of the year.
Both the electrical and nonelectrical
machinery industries are expecting to
spend about the same amount as in
1960. For electrical machinery producers this would represent the continuation of a record rate of expenditures for
new plant and equipment; for nonelectrical machinery companies, it represents a decline of one-seventh from the
1957 high. By the yearend capital outlays in both industries are scheduled to
run ahead of the 1960 quarterly average.
The metal producing industries and
stone, clay and glass companies indicate
the sharpest decreases from last year's
spending, with annual declines ranging
from about one-fifth for steel, fabricated
metals, and stone, clay and glass, to
one-eighth for nonferrous metals. While
there has been some recovery in production, these industries are still operating well below capacity. The decline
in investment by steel and nonferrous
metal manufacturers is expected to
continue throughout 1961.
Auto industry scale plans dotvn
The largest revision in plans since
March occurred in the motor vehicle
industry. Here, investment for 1961
was decreased a fifth from the total
then reported, and producers anticipate
that expenditures for the year will be
off 6 percent from last year. Capital
spending by the industry, however,
probably reached its low for the year
in the first quarter with a rise of more
than 20 percent projected for the second
quarter. Expenditures are then expected to hold relatively steady for the
rest of the year.
The nonautomotive transportation
equipment industry is cutting 1961 capital investment 10 percent below 1960,
and the quarterly trend is downward
for the year. Demand for transportation equipment has been dampened
by the low rate of railroad investment, the maturing of the airlines' jet
plane programs, and the reduced takings of military aircraft—although the
shift to missile output in this industry
provides an important offset.
High investment by nondurable producers
Particular strength is being shown
by major segments of the nondurable
goods industries in the current business
recovery, and this is being reflected in
the investment programs for 1961.
Anticipated outlays of nondurable manufacturers for this year have been
adjusted upward to over $7% billion
for a 8)2 percent rise over 1960. By
3^earend, spending is expected to be
close to the 1957 quarterly average—a
year of peak investment.
Plant and equipment expenditures
by the food and beverage industry in
1961 are expected to be one-sixth more
than in 1960—setting a new high.
Quarterly investment had been steady
throughout 1960 and is now expected
to show a regular advance throughout
this year.
Both the chemical and petroleum
industries have reduced estimates of
1961 anticipated spending since the
previous survey. The current plans
for 1961 contemplate minor advances
over 1960 with small increases in investment rates in the second half of this
year. Spending in 1961 in the chemical
and petroleum industries is currently
expected to be 6 percent and 20 percent, respectively, below the record
capital additions in 1957.
Capital spending by paper and textile
producers reflects the rather ample
capacity—compared with current demand—in these industries. Anticipated outlays for 1961 are scheduled
to be below 1960. A declining trend
during the year is indicated for investment by paper companies, while textile
producers expect some recovery in the
latter part of the year.
Nonmanufacturing Programs
Expenditures for construction and
equipment by nonmanuf acturing companies had been especially strong in
1960—reaching a record outlay of $21.2
billion. This group has programed
expenditures of $20K billion for this
year. Anticipations of equal or higher
spending in the second half by most
nonmanuf acturing industries are partially offset by expected declines from
first half outlays for both rail and nonrail transportation companies. AggreMANUFACTURING INVESTMENT
> Durable Goods Manufacturers Generally
Expect to Spend Less in 1961 than in
1960 for Plant and Equipment
> Nondurable Goods Producers' Programs
Are Mixed
JfM
MANUFACTURING, TOTAL
DURABLES
Nonelectrical machinery
Electrical machinery
Motor vehicles
Transportation equipment
Primary nonferrous meters
Stone, clay, and glass
Primary iron and steel
NONDURABLES
Food and beverages
Petroleum and coal products
Chemicals and allied products
E
Rubber products
Paper and allied products
Textile mill products
-20
-10
A n t i c i p a t e d percent c
0
-HO
+20
f r o m I960 to 1961
D a t a : QBE & S E C
U. S. Department of Commerce, Office of Business Economics
£ i - C ~6
SURVEY OF CURRENT BUSINESS
4\-ito investment for the year is expected
to he 3!2 percent under the 1960 value.
Mixed picture in utilities
Both utility and mining firms have
planned higher investment this year
than during 1960, in contrast to declines
scheduled by all other major segments
save nondurable goods manufacturing.
Extractive companies have recently
upped their programs and are planning
rising expenditures throughout this
year. Additions to plant by the utilities were being scheduled at a slightly
slower rate in May than 3 months
previous. However, expenditures by
electric and gas utility companies are
now placed at substantially higher
year-end rates than actual outlays
during the first 3 months. Second
half investment bv the utility com-
panies will still be about 10 percent
under previous highs.
Communications and commercial
companies have expanded proposed investment for 1961 from earlier plans.
Expected expenditures by the former
group are about equal to 1960, while
those of commercial companies are
lower. In both cases, indications from
presently reported data are that lows
for the year may not be reached until this
summer. Substantial pickups are implied for Liter in the year. The probable
upturn appears exceptionally strong in
retail trade.
Perhaps the weakest spot in the current investment picture is in the transportation field. Lower spending than
in 1960 is planned by most of the component industries, with the largest
declines reported by trucking and rail-
June 1061
roads.
Railroads were somewhat more optimistic in their current plans than 3
months ago, but total outlays this year
are now placed at nearly a third below
the $1 billion spent in 1960. Expenditures in the second half will probably
fall below those in the first 6 months of
this year. It may be noted that new
orders for freight and passenger cars
are running well below a year ago.
Unfilled orders have been dropping
steadily and now are only about a fifth
as large as in early 1960.
Payments by airlines on ordered aircraft and parts are expected to taper
during 1961. This represents an extension of the trend which began in early
1960 and is a reflection of the topping
out of the large jet acquisition programs
initiated in late 1958.
Table 5.—Expenditures on New Plant and Equipment by U.S. Business,1 1959-61
(Billions of dollars)
Unadjusted
Annual
1959
Manufacturing
.
_. _
12.07
I960
14.48
1961
1960
2
14.00
Seasonally adjusted at annual rates
1961
Jan.Mar.
Apr.June
JulySept.
3.09
3.76
3.62
1.80
.42
.07
1960
1961
Jan.Mar.
Apr.June -
JulySept. -
Jan.Mar.
Apr.Juno
JulySept.
Oct.Dec.
Jan.Mar.
Apr.June ^
4.01
3.00
3.51
3. 48
14.10
14.70
14. 65
14.40
13. 75
13. 65
14.05
1.95
.43
.09
1.41
.28
.07
1.62
.33
.07
1.58
.30
.06
7.15
1.60
.30
7.40
1.60
.30
7.35
1.75
.30
6.85
1. 45
.30
6.50
1. 35
.30
6.30
1.30
.30
6.40
1.25
.25
Oct.Dec.
JulySept. -
Durable goods industries
..
Primary iron and steel
Primary nonferrous metals
Electrical machinery and equipment
__
Machinery, except electrical
Motor vehicles and equipment.-.
Transportation equipment, excluding motor vehicles
stone, clay and glass 3products
Other durable goods
5.77
1.04
.31
7.18
1.60
.31
6.45
1.26
.27
1.55
.33
.07
1.88
.42
.08
.52
.91
.64
.68
1.10
.89
.67
1. 10
.84
.12
.25
. 17
. 16
. 28
.23
. 17
.26
.25
.23
.30
.23
.15
. 25
. 15
. 15
.27
.23
. 16
.26
.23
.60
1. 15
.80
.65
1. 15
.90
.70
1.05
.95
.75
1.05
.90
.70
1. 15
.70
.65
1.05
.90
. 65
1.10
.85
.39
.53
1.44
.42
.62
1.56
.38
.51
1.42
. 10
. 14
.36
. 10
. 17
. 43
. 10
. 15
.37
. 11
. 16
.40
.09
. 11
.30
.09
. 13
.34
.09
. 12
.35
. 15
.40
.40
.40
.40
.35
.35
Nondurable goods industries
Food and beverages
Textile-mill products
Paner and allied products
Chemicals and allied products ....
Petroleum and coal products
Rubber products
Other nondurable goods •"
6.29
.83
.41
.63
1.23
2.49
. 19
.51
7.30
.92
.53
.75
1. 60
2. 64
.23
.64
7.55
1.08
.49
.73
1.62
2.71
.23
. 70
1. 54
.21
. 12
. 16
.33
.53
.05
. 15
1.88
.25
. 13
. 18
.40
.69
.06
. 17
1.81
.23
. 14
.20
.40
.63
.06
. 16
2.06
.23
. 14
.21
.46
.78
. 06
. 18
1.59
1.89
. 26
.Y2
. 19
.41
.68
.05
.16
1.91
6.95
. 90
. 50
. 70
1.45
2. 55
7. 30
.90
.50
. 75
1. 60
2.70
7.30
.95
.60
.80
1. 65
2. 50
7.55
.90
.55
. 75
1. 65
2.80
7.25
.95
.50
. 75
1.50
2.70
7.35
1.00
.45
L60
2.70
7.70
1. 10
.50
.70
1.65
2.75
1.05
.'l2
. 16
.33
. 56
.05
.14
! 12
. 19
.41
.68
. 06
. 19
Minin 01 '
.99
.99
1.03
22
.27
.25
.24
.21
.26
.26
1.00
1.05
1.00
.90
.95
1.00
Railroads
.92
1.03
.70
.25
.29
.24
.25
.17
.20
.16
1.00
1.10
1.00
1.00
.70
.75
.65
2.02
1.94
1.76
.47
.55
.47
.46
.41
.49
.45
2. 00
2.15
1.90
1.80
1.75
1.85
1.85
Public utilities
5.67
5.68
5.91
1.18
1.42
1.50
1.58
1.09
( <>nt mu nications
2.67
3.13
71
.77
.85
C'ommercial and other '
8.21
8.44
1 11.05 1 '
[ 1.98
.80
2.19
2.13
2.14
32. 54
35.68
7.89
9.28
8.98
9.53
Transportation, other than rail
Total
_ _
34. 46
1.45
1.65
5. 75
5.70
5.60
5.70
5.35
5.75
6.13
2.81
2.68
11.35
11.60
11.75
11. 65
11.30
10.90
10. ao
8.72
8.70
35. 15
36. 30
35. 90
35. 50
33. 85
33. 85
34. 60
| 2.69
7.57
1. Data exclude expenditures of agricultural business and outlays charged to current account.
2. Estimates for the year 1961 are based on actual capital expenditures for the January-March quarter and anticipated capital expenditures for the remaining quarters of the year. The:
a were reported by business in late April and May 1961. The anticipated data have been adjusted when necessary for systematic tendencies.
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.
5. Includes trade, service, finance, and construction. Figures for 1961 and seasonally adjusted data also include communications.
NOTE: Details may not add to totals due to rounding. Data for earlier years were published in the June 1956, March 1958, and March I960 .s///rey of Current Kushiev*.
Sources: U.S. Department of Commerce, Oflice of Business Economics, and Securities and Exchange Commission.
BY WALTHER LEDERER
The U.S. Balance of International Payments
Position Improved Mainly by Lower Capital Outflows
IHE BALANCE of international
payments of the United States improved significantly during the first
quarter. Net payments, seasonally
adjusted, were reduced to less than
$300 million compared with $1.4 billion
in the last quarter of 1960. Even
allowing for the fact that more than
$400 million of the adverse balance
in the last quarter of 1960 was due to
nonrepetitive large transactions, the
improvement was considerable. In
fact, the adverse balance during the
first quarter was the lowest since the
third quarter of 1957.
The improved position in the initial
quarter started off the }rear with net
payments at an annual rate slightly
above $1 billion, compared with payments of $3.9 and $3.8 billion in the
years 1959 and 1960.
The balance on our foreign transactions is measured here by changes in
the holdings by our monetary authorities of gold and freely convertible currencies (which now supplement gold in
the defense of the dollar in international
exchange markets) and b}" changes in
our liquid liabilities.
Gold outflow
stopped
The decline in holdings of gold and
freely convertible currencies during the
first quarter amounted to $346 million.
Sales of gold were actually larger during
the first 2 months of the 3Tcar, but some
recovery of gold and acquisition of
convertible currencies occurred during
March.
Foreign holdings of liquid dollar
assets declined during the quarter as a
whole by about $40 million. During
January foreign countries reduced their
dollar assets here by over $400 million,
three-fourths of which was converted
into gold. During the following 2
5944G4—61
2
months—after confidence in the dollar
was restored—foreign countries were
willing to keep their net earnings from
the United States in dollar assets.
The increase in liquid dollar holdings by
foreign countries and international organizations during February and March
was about $400 million, which brought
their total holdings close to the previous
peak at the end of last year. Foreign
official holdings at the end of March
reached a new high.
Foreign private dollar holdings, which
had been reduced by over $800 million
between July 1960 and January 1961,
also rose in February and March, but
at the end of the first quarter they were
still far under the July level.
Summary Review
JL BE changes which contributed
most to the improvement in the balance
of payments from the previous quarter
were in private long-term capital movements (even aside from the special
transactions referred to above) and in
the balance on unrecorded transactions.
The latter, after having shown a large
excess of payments over receipts for
three quarters, returned again to an
excess of receipts, which was the customary balance in the years prior to
1960.
The favorable aggregate balance on
goods and services continued to improve
but at a considerably slower rate than
was the case during 1960. But outflows
of U.S. short-term capital, reported by
banks and nonfinancial corporations—
which advanced sharply after the middle of last year, and became a major
factor in the deterioration of the overall
balance of payments at that time—
continued during the first quarter of
this year at the high rate of over $500
million per quarter. This rate of outflow was about the same as had
occurred in each of the two preceding
quarters.
With the return of the balance on unrecorded transactions to a more "nor-
mal" level, one of the major factors disturbing the overall balance of payments
has been removed. This may reflect the
restoration of confidence in the future
value of the dollar after the declarations
of the President showing a firm intention to maintain it. Nearly $400 million of the $700 million improvement in
the balance of payments (omitting t h e
special transactions in the fourth quarter of 1960) appears in this category of
unrecorded movements of funds.
The improvement in the balance on
long-term private capital—other t h a n
direct investments—was due partly to a
$176 million shift from net disbursements to net repayments on mediumterm loans reported by banks—which is
not likely to be a continuous development. A large shift, amounting to about
$180 million, was also recorded in foreign long-term investments in the
United States, consisting mainly in a
change from foreign sales to purchases
of U.S. stocks under conditions of a.
rising market.
Compared with those developments,
the improvement in the balance on
goods and services (excluding transfers
of military supplies and services as
grant aid) bv about $70 million was a
10
relatively small factor in the change in
the overall balance of payments from
the previous quarter. This balance was,
however, at an annual rate of nearly $6/2
billion, a substantial rise from 1959
when it was under $200 million and even
from 1960 as a whole when it was close
to $4 billion.
The improvement from the last quarter of 1960 resulted from somewhat
lower merchandise imports, and from a
further (although slower) rise in nonmilitary merchandise exports. Higher
payments on military account and for
services, partly offset the gain in the
balance on nonmilitary trade.
The comparatively low level of domestic business activity during the first
few months of this year was one of the
major factors keeping imports at a seasonally adjusted annual rate of about
S2^ billion below the previous peak in
the middle of 1959. A strengthening in
the competitive position of certain U.S.
industries, and the absence of supply
stringencies in domestically produced
commodities were perhaps equally as
important, but under current cyclical
conditions at home and abroad it would
be difficult to judge how firm this improvement actually is.
The major reason for the continued
high exports is the relatively high rate
of business activity in continental Eu7-ope and Japan, and the associated supply stringencies and long delivery periods for many products in these countries. Exports to the other countries,
which depend for their foreign exchange
earnings mainly on their sales of foodstuffs and raw materials, were still relatively depressed, and little changed
from a year earlier.
With concerns about the value of the
dollar largely put to rest, economic factors have again become the primary
consideration in evaluating current and
prospective balance of payments developments. One of these factors is still
the cyclical position of business activity
in the United States relative to that in
the other industrialized countries. This
relative position contributed to the favorable balance on trade, but also to
the large net outflow of capital.
In some respects, an improvement
SURVEY OF CURRENT BUSINESS
June 1001
may also have taken place in the competitive position of U.S. industry irrespective of the cyclical relationship.
The extent to which this has happened
cannot be judged, however, by the currently high rate of exports and perhaps
not even entirely from recent declines
in certain imports.
The very high level of business activity in the other industrialized countries
reflects high rates of investments both
to expand productive capacities and to
increase efficiencies in the use of labor
and materials. These investments by
foreign enterprises are intended to raise
their competitive standing within their
own trading areas as well as on world
markets. Although there are indications of accelerating price and wage
rises in some of these countries, it will
require continued strong efforts by U.S.
industry to maintain the recent gains
in foreign trade.
A reduction in the net outflow of
private capital depends largely upon an
increase in incentives for business to
invest at home relative to the supply
of available capital. The expansion of
domestic business activity which gained
momentum in the early spring, and an
easing of capital stringencies which has
been attempted in certain European
countries would tend to improve our
balance on capital account, but an expansion in the supply of credit at home
beyond the amounts required by the
rise in production, and a continued
growth of investment opportunities
abroad relative to those here could boimportant factors operating in t heopposite direction.
Table 1.—Analysis of U.S. Balance of Payments, Seasonally Adjusted
[Millions of dollars]
Calendar year
1959
1959
1960
III
III
IV
I
7,690
7,941
8,214
7,668-
3,830
756
1,438
213
3,674
798
1,402
207
3,433
727
1,344
230
3,361
759'
1, 358210'
843
775
1, 013
1, 000
610
260
267
83
1, 085
406
145
534
1,467
684
244
539
980;
465.
8507
6,920
7,126
7,047
7,135
7, 327
4,650
1, 915
4,837
1,991
4,927
1, 927
4, 995
2, 058
5, 044
2,051
430
123
168
187
148
150
170
23
145
-63
m
-969 -1,404 -1,087
—205
92
82
-965
203
-647
640
-564
804
-894 -1,079
980
1, 549
-341
1,617
-695
-605
-868
-887
-460 -1,062 -1,530
-861
1960
I
U.S. payments
29, 743
Imports:
Merchandise. .
..- 15, 294
Military expenditures
3,109
5,134
Other services
Remittances and pensions
791
Government grants and capital outflows
.-- 3,040
31,412
7,034
7,474
7,565
7,670
7,567
14, 722
3,048
5, 557
848
3,601
780
1,222
184
3,861
789
1,272
187
3,974
786
1,303
214
3, 858
754
1,337
206
3, 785
767
1,373
198
3,381
793
741
746
760
750
2, 375
1,372
926
77
3, 856
1,694
850
1,312
454
337
206
-89
624
347
280
-3
542
326
205
11
755
362
235
158
694
344
194
156
25,318
U.S. receipts
Exports:
16, 282
Merchandise
Services
_ .
_7,427
Repayments on U.S. Government loans
1, 054
555
Foreign long-term capital
28,228
6,065
6,070
6,478
6,705
19, 409
7,891
3, 866
1,819
3, 924
1,793
4,299
1, 856
4,193
1, 959
631
297
307
73
158
195
159
164
U.S. private capital _. . .
Direct investments
Long-term portfolio
Short-term
Excess of receipts or payments( — ) -4,425 -3, 184
172
3,973
On goods and services
II
IV
I
II
On Government grants and
capital
-1,986 -2, 750
-486
-583
-587
-330
-582
On private U.S. and foreign
long-term capital
-1,820 -3, 559
-381
-429
Q7Q
-632
-507
84
276
-103
271
33
Unrecorded transactions
528
-648
Total, net receipts (+) or payments (— ) (balanced by
changes in holdings of gold and
convertible currencies by U.S.
monetary
authorities
and
-3,897 -3, 832
changes in liquid liabilities)
1961
-885 -1,128 -1,190
Major special transactions
2 150 3 - 100
335
-524
[receipts (+), payments (—)]
Total, excluding special trans-4,232 -3, 308 -1,035 -1,028 -1,190
actions
-694
-614
-' 285
-979
-212
-327
53:
-706 -1,106 -1,406
-288-
-142
* —80
-614
119
-626 -1,106
3,4—444
-962
-288
1. Excludes goods and services transferred under military grants, and the subscription to the International Monetary
Fund of $1,375 million in the second quarter of 1959.
2. Advance repayments on U.S. Government loans.
3. Exceptionally large private direct investments involving cash payments.
4. Subscriptions to international organizations.
n.a.
Not available.
Source: U.S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
June 1001
Factors in Trade Balance Rise
Exports, excluding military supplies,
advanced in the first quarter of 1961
to a seasonally adjusted annual rate of
almost $20.2 billion. Overall, the small
rise roughly equals the increase in exports financed under the various Government foreign assistance programs.
Exports to Europe and Japan, which
depend relatively little on Government
financing, continued to expand—after
seasonal adjustment; those to the less
industrialized countries declined, although Government financed shipments
increased.
The rise in sales to the industrialized
countries was not uniform, and signifi-
BALANCE OF INTERNATIONAL PAYMENTS
Movements of Recorded U.S. Short-Term Capital Related to Exports and
Conditions in U.S. Capital Market
-
Outstanding U.S. Short-Term Claims on Foreigners
(Seasonally Adjusted)
O
Trend
Based on 1952-1719(50
I
24
«/>
_o
U.S. Merchandise Exports (Excluding Military Aid)
(Seasonally Adjusted at Annual Rate)
20
Q 16
c
0
Trend 1952-60
1 12
11
cant increases occurred only in exports
to Japan and Italy. While both Italy
and Japan have relatively large reserves,
the expansion of exports to the industrialized countries does not seem to be
as broadly based as it was last year.
Among exports to other countries,
those to Canada fell somewhat more
from the previous quarter than was the
case a year earlier; those to Australia
were still quite high, but a reversal in
the previous upward trend seems to
be indicated.
Exports to some of the Latin American countries—particularly Brazil and
Chile continued to rise; for most other
countries in that area the trend appears
to be stable; for some—notably Venezuela and Cuba—it still is declining,
although by smaller amounts than
last year.
Export trends to other countries also
were mixed, partly because of variations
in Government-financed shipments.
A rise in business activity in the
United States followed by larger imports
of industrial materials, perhaps at rising
prices, may be expected to increase the
ability of the producing countries to
raise their foreign foreign purchases.
Trade Balances, Seasonally Adjusted
[Millions of dollars]
Movements in U.S. Short-Term Capital Are Partly Associated with Changes in Exports. . .
Variations From Above Trends in Units of Their Respective
Standard Deviations:
For Ex ports = $1,644 Million
For Short-Term Claim$= $187 Million
1961
1960
With Western Europe
and Japan:
Exports
Imports
Balance
With other countries:
Exports
Imports
Balance
I
II
III
IV
1,842
1,438
2,027
1,383
2,116
1,279
2,090
1,231
I
2,196
1,169
404
644
837
859
1,027
2,808
2,347
2,810
2,447
2,811
2,395
2,905
2,202
2,848
2,192
461
363
416
703
656
Source: U.S. Department of Commerce, Office of Business
Economics.
Among Other Factors, Conditions in U.S. Capital Market—Reflected by Interest Rates—
Are Also Important, Especially in Recent Years
*c
4
a.
2
Yields on U.S. Government
3-Month Bills
,h
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
1962
Ooto: US. Treos. a Q B E
U. S. Department of Commerce, Office of Business Economics
61 - 6-9
The decline in merchandise imports
appears to have been mainly in textiles,
automobiles, and in sugar which increased less than seasonally. Imports
of industrial materials remained considerably lower than a year earlier,
but the rate of decline appears to have
lessened.
Most of the reduction in imports
from the previous quarter was from
Japan and Western Europe, particularly
the United Kingdom and Italy.
The recent changes in the trade
SURVEY OF CURRENT BUSINESS
12
June
1961
Table 2.—United States Balance of Payments bv
[Millions of dollars]
All areas
Lino
Type of transaction
1959 *
1960
Year
Year
Western Europe
1960
1959
r
I
II
III
I
IV
11
1961 f
III
I
IV
r
1960 r
Year
Year
1959
Eastern Europe
i
1961" 1959 ' 1960 '• 196!)
1960
I
III
II
IV
I
Year Year
I
i
1
2
3
4
5
(i
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
4J
42
43
44
45
46
47
48
Exports of goods and services
25, 683 29, 065
Goods and services transferred un1,974 1, 765
der military grants, net.
Goods and services excluding trans- 23, 709 27, 300
fers under military grants.
Merchandise, adjusted, exclud- 16, 282 19.409
ing military.
1,646 1.816
Transportation . _
968
Travel
902
Miscellaneous services:
1. 390 1.413
Private
154
144
Government, excluding- military.
335
302
Military transactions
Income on investments:
Direct investments
2.228 2. 338
466
518
Other private
349
349
Government
23, 537 23, 327
Imports of goods and services
Merchandise, adjusted, excluding 15,294 14. 722
military.
Transportation
_.
_ _ _ . 1.759 1,942
Travel
1.610 1.744
Miscellaneous services:
634
633
Private
308
302
Government, excluding military _
3. 109 3. 048
M ilitary expenditures
Income on investments:
597
549
Private
.._--_-.332
281
Government
na
na
6, 353
6,962
6,659
7,326
6,883
4, 607
4, 994
4.676|
5. 132
5. 001
6,796
443
5, 463
5, 848 5,950
6, 448
3.807
4. 074 4. 058
4, 343
na
na
125
228
•M 1
7,116
9,229 2,048 2, 334 2,271 2,576 2, 302
125
228
31
4.724
6. 684 1.520 1 . 677 1.660 1.827 1,710
99
202
8, 337 10, 142 2,288 2,657 2,412 2,785
1, 221
913 240 323 141 209
376
187
416
222
431
295
423
198
429
192
470
249
H
311
442
216
424
197
703
98
783
114
185
22
209
31
204
35
185
26
180
25
348
36
348
37
348
35
346
3(5
336
3(5
339
36
349
43
389
39
360
37
612
48
647
53
156
12
1 56
13
160
13
175
15
162
13
76
83
67
76
58
122
70
85
73
181
221
34
89
48
50
44
466
107
60
487
121
60
531
113
72
744
125
157
517
118
60
565
130
57
520
128
87
736
142
145
586
143
62
435
100
215
418
113
196
78
23
18
105
30
24
83
27
41
152
33
113
116
33
19
9
9
1;
5, 964 6,228
3, 879 3,847
5, 944
3, 974
5, 769
3, 830
6,074
3,857
6,057
3. 550
5, 427
3,485
5, 322
3,406
8,620
4. 517
8,487 2, 156 2, 234 2, 169 1,928 1,838
4.172 1. 178 1. 081 913 1.000 936
93
81
93
81
2f ;
1
8
2
2
1
2
1
32
32
135
135
5,401
3, 594
495
617
414
323
432
278
540
470
544
668
426
328
423
275
851
578
951
666
202
63
277
218
284
280
188
105
193
61
148
64
780
152
66
789
169
107
786
164
65
754
149
64
767
150
68
756
168
109
798
167
67
150
89
759
393
82
1,671
407
74
1. 642
101
19
440
100
11
397
103
18
434
103
18
371
102
393
128
52
134
59
133
74
154
96
148
101
147
86
143
1 59
68
151
69
359
169
389
186
96
94
48
94
43
105
38
97
38
124
964 1, 027 1,510
489
569
2,146 5, 738
Ba'ance on goods and services
-278
504
584
888
62 -116
172 3, 973
Excluding transfers under military
grants.
Unilateral transfers, net [to foreign -4,398 -4,254 -1,128 -1,186 -919 -1,135 -1,022 -1,253
countries (— )].
-547
-579
-675
-631
-581
-621
-2,424 -2, 489
Excluding military transfers
884
602
1, 655 132
742 -108
423
100
243
102
857
648
na
464
-633
-575
Private remittances
Government:
Military grants of goods and -1.974 — 1.765
services.
-1.633 -1.641
Other grants
-215
-216
Pensions and other transfers
U.S. capital, net [increase in U.S.
assets ( — )].
Private, net
Direct investments net
New issues of foreign securities. __
Redemptions
Transactions in outstanding
foreign securities.
Other long-term net
Short- term, net
Government, net
__
Long-term capital 3
Repayments
Foreign currency holdings and
short-term claims, net [increase
(-)].
-1,079
-618
-661
-700
-665
-634
-155
-276
-303
na -1,886 -1,547 -383
-143
-482
-300
-382
-159
-159
-173
-144
-156
— 142
-164
-154
— 173
-605
-402
— 160
-443
-622
-282
-418
-437
-49
-333
-394
-47 — 70
— 469
- 50
-381
-56
-418
-49
-411
— 53
-431
-595
-875
-838
-419
1°8
-651
-303
295
22
12
-724
-331
111
26
67
-924 -1,557
-327
66 — 101
21
31
43
-937
-424
— 79
22
94
— 477 -1,511 -54 -268 -391
-484
— 962 -115 -110 -200
3
94
78
11
94
65
108
15
86
78
-231
243
-241
491
1
— 90
-224
-238
155
-141
-164
-386
-353
117
— 150
— 25
-448
-151
-234
178
— 95
-101
-610
-348
-388
18
-141
83
-445
-420
-420
100
-JOO
154
549
-16(,
713
1, 273
548
771
887
571
198
81
1,947
864
23
— 12
11
29
23
31
72
21
141
13?
17(
121
88
385
236
5(
-2,375 -3,856
-1,372 -1,694
-624
100
95
-140 -177
-412
-287
22
-116
-387
-738
-442 — 224
129
175
12
36
99
-39
-200
-1.312
-353 -1,109
-1 051 — 1,213
631
1, 054
— 356 — 527
4
157
-82
-309
283
— 56
-102 -81
— 62
-294
-220
-286
-207
121
159
-129
3,721
2,427
858
84
8
21
471
281
52
Gold and convertible currencies held
by U.S. monetary authorities [U.S.
sales (+), purchases ( — )].
1,042
143
68C
127
116
323
191
124
2, 226
2, 107
441
671
748
36(
445
254
-104
228
iii
38
731
1,702
95
397
167
-131
na -1,221
-490
-55
-311
— 78
-1,110 -1,075 -1,905 -1,357
-913
-323
-141
72 -1,357 -24 -267
283
590
9
154
-35
781
65(
-118
344
-1(
829
1,718
40
48
2, 319
2,317
165
529
637
921
346
(')
( X )
n
n
i
—24 -23
-798 -156
-537 — 100
— 18 — 15
4
3
— 34
69
11
— 67
176 -185
16
(*)
2
—1
(')
-65 -117
-5
_2
1
-12
1
1
2
9
1
10
1
1
—1
—1
78
2
9
— 270
57
2
-48
18
21
365
94
2ii!
(')
na
19 -36 -29
19(
-lit
50
i
—6
75
132
4
(•j \
-6
1 -19
100
125
-49
(*)
(/>";
4
—3
42 -20 -42
-16
(*)
2
30
— 412
43 -176 -108 -171
70 -40 -60 -118
-13
154
30
1
53
-41 -38 -71 -65 -68 -14
-215
8
1
32 101 112
26
297
-53 -121
-12
23
23
19
782
-74
9
-26 -29
728 -196
-338
12
1
na -26 -29
-169
-65 -62 -61 -67
2'-20 -23 —26
— 240
-91
-.85
15
-209
(z)
18
— 69 -74 -74 -86
-240
8
4
(')
530
263 -76 -154
181 — 68 -68 -61
577 1,053
—8
219
|
50
Errors and omissions and transfers
of funds between foreign areas
[receipts by foreign areas (— )], net.
528
-900
-140
Foreign capital, net [increase in U.S.
liabilities (+)].
Direct investments in the United
States.
Other long-term investments in the
United States (mainly in U.S.
private securities.)
Foreign purchases of U.S. Government bonds and notes, net.
Increase in U.S. short-term liabilities to foreign banks and official
institutions.
Increase in other U.S. short-term
liabilities.
Memorandum items:
Increase in reported total foreign
gold reserves and liquid dollar
holdings. 4
Through estimated net receipts
from, or payments (— ) to the
United States.5
Through other transactions 6
na -283
1,561 -1,504
— 507
-49-1 -1,032 — 607
-257
M99
— 135
-2,728 -4,965
3, 897
III
7,744
418
6, 908
460
473
412
Reductions in gold and convertible
currency holdings (line 48) and
increase in U.S. short-term and
other liquid liabilities (lines 45-47) .3
II
6,941
282
6,453 6, 352
402
605
377
258
49
I
7, 584
622
5, 970
507
3,832
880
-648
100
1, 244 1,276
290
497
634
146
49
1,185 !
1,182
308
-128
-117
-452 i
69
1,311
l.Olf
831
4, 591
4, 173
1, 04(
1, 484 1,411
651
807
1,041
3. 863
3. 798
877
1, 236 1, 268
482
625
821
728
375
163
248
143
174
18L
220
1. ISC ! 1.172 I
i
|
13(
— 157
-679
452
2, 261
303
1, 64(
141
621
-1,333 -48 -312
984
1 , 953
736
-358 -615
357
931, i
972
117
217 |
378
241
722
887
594
661,
272 -192
397
9
179
371
59
11
_o
5
(/)
SURVEY OF CURRENT BUSINESS
June 1961
13
Areas—1959, 1960, and First Quarter 1961
[Millions of dollars]
Year Year
I
1961" 1959' I960'
1960
1961* 1959' 1960 '
1960
II
I
J
Latin American republics
Canada
Eastern EuropeContinued
III
Year Year
I
IV
1960
II
I
1961 v 1959'
I960'
Year
Year
I
IV
III
All other countries
International institutions
and
unallocated i
1961 p 1959 ' I960'
1960
II
I
III
I
Year Year
1960
I
II
1961 P
II
III
50
61
83
66 5,126 5,101 ,195 1,390 1, 239 1,277 1,165 5,242 5,283 1,246 1,364 1,311 1,362
26
8
72
15
23
63
na
na
6,513
690
8,027 1,967 2,054 1,849 2, 157
780 195 276 126 183
na
na
340
284
66
69
69
80
67
1
2
50
61
83
66 5,126 5,101 1,195 1,390 1,239 1,277 1,165 5,179 5,211 1, 238 1,341 1,296 1, 336 1,265
5,823
7,247 1,772 1,778 1,723 1,974 2,018
340
284
66
69
69
80
67
3
5,237 1,277 1,297 1,238 1,425 1.488
79
13
144
153
37
42
40
34
34
69
17
17
16
19
15
6
4
9
3
10
2
10
4
10
10
11
12
IV
46
50
77
2
(•)
2
(«)
2
(*)
2
(*)
2
(*)
(•)
(*)
25
21
3
1
25
21
22
19
870
915
31
161
29
91
121
462
117
469
27
91
30
126
2
158
2
29
134
6 0)
34
1
00
7
934 1,048
2
(')
1 (*)
3
3
847
926
858
875
851
4,008
25
87
285
273
288
292
67
63
73
73
78
81
70
75
66
67
389
69
467
93
111
16
114
19
120
34
122
24
36
35
36
5 00
(•)
270
25
271
27
63
7
62
6
67
7
79
7
68
7
274
68
283
68
69
17
68
16
69
18
77
17
64
77
17 (•)
14 (*)
30
35
9
10
7
9
7
12
19
1
9
3
6
4
79
54
14
14
12
14
345
208
1 00
362
211
54
51
89
52
78
52
141
56
63
56
600
70
72
641
88
79
147
20
23
152
22
18
160
22
20
182
24
18
158
25
19
834
49
53
913
67
65
235
15
18
219
16
15
196
17
19
263
19
13
20 4,137 3,980
18 3, 045 2,899
918
707
993 1,126
744 735
943
713
5,496
3,907
29
60
875 4,624 4,560 1,162 1,205 1,110 1,083 1,120
650 3,710 3,620 936 976 864 844 891
141
157
27
42
39
38
40
40
34 441 447 114 111 113 109 111
1
1
1 (*)
113
365
119
380
27
30
31
75
32
215
1
31
3
431
35
3
378
8
1
102
8
1
89
11
1
96
117
32
135
31
34
9
37
8
29
7
989 1,121
989 1,121
277
277
397
397
113
113
1 (*)
00
(*)
(*)
61 3,800 3,767
891 3,572 3,506
IV
(•)
46
46
117
18
III
IV
I
13
4
8
6 00
00
(•)
245
19
23
14
39
4
39
5,597 1, 373 1,459 1,445 1,320 1,322
3, 916 980 1, 025 1,012 899 906
567
34
610
34
139
9
158
10
182
131
10
147
5
13
14
15
16
3 («)
9
10
226
218
256
244
56
71
66
63
69
57
65
53
57
69
427
457
109
125
119
104
103
3
8
45
3
24
17
18
19
1 (•)
13
15
2ft
21
22
2$
8
1
113
190
56
49
172
61
59
35
14
14
37
15
15
49
16
16
51
16
14
34
16
15
19
102
957
20
109
968
fi
26
211
5
25
255
5
28
252
5
30
250
6
29
238
57
59
35
7
35
27
10
30
14
7
4
7
4
8
4
8
2
8
3
42
25
41
43
10
14
9
11
12
10
10
8
11
6
4
45
2
58
334
334
290
290
618
555
723
651
84
76
159
136
201
186
279
253
na
145
1,017
327
2,430
1,650
594
399
595
319
404
278
837
654
na -227 -326 -73 -89 -113 -51 -80
696 -227 -326 -73 -89 -113 -51 -80
na -2, 142 -2, 275 -547 -666 -496 -566
00
8
91
5
6
1 (*)
(*)
13
17
15
36
36
61
61
-9
-5 -21 -44 -11 -12 -11 -10
-9 -237 -247
na -86 -112 -26 -17 -29 -40 -30
24
ij
-9
-5 -21 -44 -11 -12 -11 -10
25-
-6 -5
—7
-4
-9 -174 -175 -41 -46 -42 -46 -52 -1,452 -1,495 -352 -390 -370 -383 -435 -86 -112 -26 -17 -29 -40 -30
1 7 -14 -14 -12 -224
2 -48 -56 -11
-237 -56 -63 -57 -61 -58 -1 -2
—2
25
25
-7
-7
-2 -12
-1
-4
-4
-3
-63 -72
-1 -1
(*) -1
-1 -1
-1 00 -19 -32 -10
-27 -22
KC
2 -3
I
-1
-2£ -19
-1
1 6
-28 -24
1 -864
-417
-437
54
-24
-832 -173 -221 -182 -256 -263 -409 -534 -118 -12 -130 -274 -47
-471 -94 -116 -102 -159 -130 -218 -95 -16 -30 -28 -21 -34
-15 -11
-30 -24 -18
—227 -135 -77
-107 -53
2
8
15
8
3
20
7
10
10
17
47
c
g
-3
-5 -1 -11 -25
-10
1 -3
11
-14
1
(
8
133
182
136
111 -296
-8 -24
17
1
4
19
4 -51
319
170
8
1 -1 (*)
311
1
33 -56
253
45 -101 -109
(•)
1 -12
151
-5
9 -103 -45 -16
11
1
-3
1
-7 -12
27
16
10
-8
150 -243
21 -26
13 -165 -159
18 -117
118 -47 -185 -66 131
5 -118
-257 -150
-412 -331 -51 -147
63
54
189 209
-34 -28 -7 -25
18
-46
1
64
39 -27
9
13 -72 -170
-21
11 -10
8
-5
326
174
177
116
119 -238
5 -417 -385 -275 -302 -34
11 -10
9
8
-690
-780 -195 -276 -126 -183
na
99
208
167
75
-91 -211 -98 -186
299
310
265
261
10 -152
226 -27
104 -247
4
-86
-153
-585
-465
143
-263
-60
-514
-923
-588
115
-450
-26
-106
-246
-144
39
-141
-1 -65 -22
786
432
128
-1
^
19
6
2
2
3
36
41
9
27
45
19
60 -27 -69 -17
652
367
— 1 -19 -27
15 -37 -26
100
257
r
-45
-850 -208 -196 -176 -270
34 -38
-154 -68 —82
-118 -13 -28 -35 -42
1
3 00
-12
-7
-24
56
-207 -43
-21 -57
-84 -136
52
29
11
50
-36
-43
-16
-49
40
—7
29
-14
-71 -184
-242 -174
-166 -113
29
30
-106 -90
-27
-153
-261
-165
17
-113
49
125
130
1
4
-1
14
4
14
78
-2
2
18
-1
34
62
102
189
150 00
35
19
96
-1 -19
36
42 -26
34
34
75
920
535
117
69
136
213
2 -33
91 -69
1,229
1,036
279
425
298
61
869
410
135
8
6
2,149
1,571
396
494
195
67
36
1
91
26 -485 -530 -158 -151 -59 -162
770 1,034
00
(*)
(•)
(*)
7
30
10
31
32
33
34
35
17
2 -81
-74
2
-7
(•)
-3
o
36
37
38
39
40
41
194
64
170
606
85
42
22
2
2
5
4
4
44
214
163
45
388 -82
46
13
165
225
50
583
796
142
(-)
20 -266 -266
(*)
45 -84
17
(«)
249
(*)
C)
5
48
312
86
49
7 -184
13
50
477
118
I
172
118
94
II
42
359
24
III
10
755
201
72
34
417 -71 -121
-5
61
88
179
90 1,479 1,053
239
123
214
434
247
123
64
481
482
377
600
187
-68 -391 1,102
453
52
47
(•)
5 -290
9
55 -1,280 -1,161 -261 -486 -346
40
22
—2
28
29
43
18
117
1
93
62
156
1
153
19
-315 (•)
6 -79
-278
-216
-74
2
42
2
4 -7
-104
49 -41 -18 -33
34 -37
-99 -29 -40 -41
-482 -126 -130 -99 -29 -42
-160 -133 -12 -10
7 -31
-33 -14 -97 -91
-1
1
10
4
19
17
(*)
4 -40 -8 -37 -12
7
107 -13
44
c -228 -335 -91 -115 -58 -71
85 -12 -17
19 -235
409
37
-494
-120
-95
2fr
27
-41 -870 -825 -173 -219 -179 -254 -263 -666 -684 -113 -130 -146 -295 -104 -1,079 -1,773 -454 -438 -350 -531 -760 -120 -209
111 -36
10 -9
na
-114 -106 -25 -27 -25 -29 -35 -1.121 -1,180 -276 -308 -294 -302 -357 -85 -110 -26 -17 -29 -38 -30
0
— 7 -12 -13 -5 -2
-107
-78 -20 -19 -19 -20 -20
-7
25 -9
9
32
. -11
38 -47 -111 -79
-29 -19£
2
2
3
-57 -42 -6
(*)
(•)
"(i)"
(«)
2
3
2
7 (*)
-57 -45
11 -10
-8 -23 -15 -26
C<l OiCO
-1
-8
-49 -69 -57 -72
170
Table 2.—United States Balance of Payments by Areas—1959, 1960, and First Quarter 1961—Continued
[Millions of dollars]
Sterling area 2
United Kingdom and other Europe
Total
Typo of transaction
Line
1959 r
1960 r
Year
Year
1960
I
IV
III
II
r
1961 P
1959 r
1960
I
Year
Year
1961 P 1959' I960'
1960
II
I
Other countries
Year Year
I
IV
III
1961
1960
I
II
III
I
IV
!
I
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
I
II
III
Exports of goods and services. .
Goods and services transferred
under military grants, net
Goods and services excluding transfers under military grants .
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
Merchandise, adjusted, excluding
military
Transportation
Travel
Miscellaneous services:
Private
Government, excluding military.
Military expenditures
Income on investments:
Private
._
Government
Balance on goods and services
Excluding transfers under military
grants
Unilateral transfers, net [to foreign
countries ( — )]
._
.Excluding military transfers
Private remittances
Government:
Military grants of goods and
services
_
__
Other grants
Pensions and other transfers
U.S. capital, net [increase in U.S. assets
<-)];--
Private, net-_
Direct investments, net
New issues of foreign securities- Redemptions
Transactions in outstanding foreign securities
Other long-term net
Short-term, net
Government, net
Long-term capital 3__
Repayments
Foreign currency holdings and
short-term claims, net 1 increase
(— )]
Foreign capital, net [increase in U.S. liabilities (— )]
Direct investments in the United
States
Other long-term investments in the
United States (mainly in U.S.
private securities)
Foreign purchases of U.S. Government bonds R.Tid not-fiS net
Increase in U.S. short-term liabilities
to foreign banks and official institutions
Increase in other U.S. short-term
liabilities
Gold and convertible currencies held by
U.S. monetary authorities [U.S. sales
(+), purchases ( — )]
Reductions in gold and convertible currency holdings (line 48) and increase in
U.S. short-term and other liquid liabilities (lines 45-47)3
Errors and omissions and transfers of
funds between foreign areas [receipts
by foreign areas ( —)], net
Memorandum items:
Increase in reported total foreign gold4
reserves and liquid dollar holdings
Through estimated net receipts
from, or payments
(— ) to the
United States 5._ _
Through other transactions 6
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
4,179
5,459
2,494
503
602
591
798
559 2,231
2,965
682
759
736
788
740
2,497
306
67
3,697
366
85
808
82
16
338 1,531 2,191
153
115
47
37
50
8
500
33
9
559
36
10
543
42
18
589
42
13
550
39
10
440
460
111
83
129
130
31
31
31
37
34
3
3
17
30
17
16
4
2
4
3
5
5
4
6
4
88
4
1,18
1,586
1,327
112
1,299
1,948
934
98
29
1,030
93
21
888
86
18
966
191
30
1,506
213
35
308
49
7
366
57
9
391
56
11
441
51
8
113
124
117
311
330
80
81
82
87
3
3
28
38
29
26
7
3
7
5
8
9
7
9
7
8
11
8
12
10
3
1
3
2
3
4
620
51
132
4,324
616
57
123
4,187
138
12
8
1,085
171
15
14
1,119
117
12
7
1,051
190
18
94
932
146
18
11
958
281
41
109
2,402
247
44
97
2,331
46
9
(«)
614
64
12
8
628
35
9
00
580
102
14
89
509
369
339
62
13
14
10
26
23
1
485 1,922 1,856
92
3
8
471
107
3
6
491
82
3
7
471
423
84
4
10
473
2,666
343
265
2,428
407
282
648
83
61
661
117
81
580
119
88
539
88
52
549
83
60
1,172
292
117
1,022
346
129
294
71
12
283
102
44
218
102
53
227
71
20
207 1,494 1,406
61
51
69
153
148
12
354
12
49
378
15
37
362
17
35
312
17
32
342
14
48
307
45
483
317
45
477
79
11
144
78
11
114
80
11
116
80
12
103
80
11
120
300
c
308
308
301
76
2
104
76
2
67
78
1
74
78
2
56
77
1
67
7
36
175
9
38
176
3
9
40
2
9
47
2
10
42
10
47
3
10
53
186
29
nss
199
32
nss
50
9
nss
49
8
nss
49
8
nss
51
7
nss
48
7
nss
178
26
nss
191
27
nss
48
7
nss
47
7
nss
47
7
nss
49
6
nss
46
6
nss
8
3
nss
8
5
nss
2
2
nss
2
1
nss
2
1
nss
2
1
nss
2
1
nss
265
365
267
-145
1,272
100
242
276
654
341
-454
-26
11
289
nss
-379
-118
nss
-440
-127
nss
-103
-30
nss
-103
-32
nss
-110
-30
nss
-124
-35
nss
-125
-34
nss
-69
-58
nss
-79
-65
nss
-17
-14
nss
-20
-17
nss
-19
-16
nss
-23
-18
nss
—245
-16
nss
—292
—21
nss
-68
P
nss
—66
-5
nss
-76
—4
nss
-82
nss
— 86
nss
(*)
-11
nss
(*)
-14
nss
(0
nss
(*)
nss
(*}
nss
(*)
-326 -1,617
-280 -1,091
-678
-318
-52
-21
-212
-55
-53
-392
-241
-92
-17
-326
— 195
-57
-12
-687
—600
-476
-23
-124
30
-40
-8
(*)
243
-73
-190
-807
-889
-589
-17 -165 -194 -431
-20 -170 -196 —503
07 -63 -81 -418
14
p
-151
-151
-81
19
-16
-107
— 131
-71
10
-23
c
-89
—87
-85
72
—1
"To"
-46
-224
373
-362
-526
-310
111
19
-6
-tt
-157
73
10
-195
-327
-94
-89
-70
403
678
337
369
172
33
16
8
8
38
-34
16
24
-10
-64
129
129
55
65
—22
31
50
65
8
75
-154
-91
19
59
4$
316
10
317
-82
-200
163 -111
31
-336
82
16
-li
102
311
697
13
32
14
27
20
-46
-15
128
89
326
340
286
27
145
i(
703
-57
-63
{
35
57
13
200
359
160
350
552
319
350
374
22"
222
609
9
-46
-124
— 129
-212
93
297
382
299
-39
80
136
195
102
221
161
162
137
225
-264
779
yy
-354
324
354
nss
-66
—2
nss
-76
-1
69 -569 -810
78 —207 -202
-128
-8€
-21
3
63
78
q
-1
1
11
-9
A
2 -12 (*)
-11
-1
—2
-26
5
-\ -14
— 7 -11
-3
-17 -26
-362 -608 -16C -156 -133 -159 -145
-72 -80 -70 -83 -90
-214 -305
12
9
10
9
40
56
18
204 -343
-97
-19
-88
-73
-85
-0
-9
-25
18
i
36
14
18
12
1
8
1
40
10
30
215 -124
-73
-14
-48
1
(*)
64
85
8
-55
27
-13
200
350
150
401
202
261
80
— 11
t
—4
33 -411
471
59
73
93
£
(*)
— 29
-14
(*)
<
10
-27
25
-39
38
-17
-35
57
-16
-18
13
-526
-197
-167
-82
.-91
1,029
272
429
351
-90
25
-47
-52
-132
50
228
-319
755
274
127
145
187
242
48
551
235 -150
206
145 -258
86 -458 -138
68
-43
34
-81
-8
-64
18
1
22
13
-35
(*)
-38
-23
nss
-86
-2
6
20
-195
nss
-82
-195 -227 -132 -256 -193
1 -97 — 48
-35 —71
24 -58 -42
-26 -29
03
-17 -12
-8
2 (*)
(*)
31
-22
10
nss
-68
-67
-10
186
nss
nss
-245 -292
nss
Q/»
1
16
—6
-16
nss
nss
nss
-91 -101 -105
-14 -17 -17
92
35
278
268
nss
-83
-15
13
15
272
211
nss
74
138
45
-10
-11
10
-84
72
197 -218
6
630
1,281
378
i
8
-63
1,27
-18
-1
-96
(*)
i
16
230
68
e
-]
]
-27
-106
18
19
-144
309 1,109
nss
nss
nss
-20 -310 -361
-17 -60 -62
A A
-10
18
-36
Revised.
* Preliminary.
nss=Not shown separately.
na=Not available.
* Less than $500,000.
1 Beginning with the first quarter of 1959 transactions with shipping companies operating under the flags of Liberia, Panama, Honduras, and Bahamas are shown in the column
"International
institutions and unallocated."
2
Iraq is not included in the Sterling Area, beginning with the third quarter of 1959.
3 Excludes in the second quarter of 1959 $1,375 million for increase in U.S. subscription to the International Monetary Fund, of which $344 million was paid in gold (line 48) and $1,031
million in non-interest-bearing short-term securities (line 46).
* Changes in reported total gold reserves of foreign central banks and governments net of convertible currencies held by U.S. monetary authorities, excluding U.S.S.R. and other
Eastern European countries, plus foreign liquid dollar holdings (lines 45, 46, and 47).
5
For "All areas" equals balance (with reverse sign) on line 23 (less net sales of gold by domestic sources to (+) or purchases from (—) the monetary gold stock of the United States),
plus lines 25, 30, 43, 44, and 50. Domestic sales to (+) or purchases from (-) the monetary gold stock were in millions of dollars: 1959 annual, -34; 1959 I, -3; II, -8; III, -8; IV, -15; 1960
annual, -34; 1960 I, -9; II, -10; III, -5; IV, -10; 1961 I, -5. For individual areas line 50 is not included.
6
Line I minus line II for "All areas" represent gold obtained by foreign countries outside the United States.
r
Source: U.S. Department of Commerce, Office of Business Economics.
SUEVEY OF CURRENT BUSINESS
June 1961
balance with the industrialized countries accounted for the largest part of
the recent improvement, in the overall
trade balance and were a major factor
in the improvement of the balance of
payments.
Analysis of U.S. Short-Terra Capital Flow
AS INDICATED earlier, one of the
major developments affecting the balance of payments since the middle of
last year was the sharp rise in the
outflow of short-term U.S. capital.
Statistics based on reports by financial
and other business organizations indicate that between the end of June 1960
and the end of March of this year about
$1.5 billion of such funds were invested
abroad. In addition, large amounts
were sent abroad which were not
specifically reported, but are only
reflected in the shift in the balance on
unrecorded transactions from the previously customary net receipts to large
net payments.
The charts attempt to throw some
light on the movements of U.S. shortterm capital, to the extent that they are
recorded in available statistics.
The first panel shows the total
amount of outstanding U.S. claims,
seasonally adjusted, and the trend.
It indicates that the accumulation of
short-term claims on foreigners during
the years shown here was nearly continuous, and that return flows of capital
were rather small and limited to relatively short periods. The trend over
the period from 1952 through the second
quarter of 1960 (leaving out the unusually large capital outflows since the
middle of last year) indicates an average
annual growth of the amounts outstanding by about $300 million.
The second panel shows seasonally
adjusted merchandise exports. The
trend indicates an average growth by
about $800 million per year, more than
2y2 times the rise in the amount of outstanding short-term capital assets.
Some relationship may be expected to
exist between exports and short-term
capital movements. To the extent that
short-term capital represents export
credits, changes in exports should parallel credits outstanding; a rise in exports
would result in an increase in outstanding claims; a stabilization of exports
would mean that new credits are offset
by repayments of prior credits, so that
the total of outstanding claims would
also remain constant; a decline in exports would result in a decline in outstanding claims.
A closer examination of the first two
charts shows that the movements
around the trend lines show roughly a
similar pattern. This would suggest
that during the years under observation such relationships between these
two items in the balance of payments
actually existed.
To facilitate a better observation of
these relationships, the deviations of
each of the two series from their respective trend lines has been expressed in
units of standard deviations from the
trend lines, which tends to make the
fluctuations around the trend lines
more comparable in amplitude. This
was done in the third panel. The standard deviation for the exports is about
$1,650 million, for the short-term claims
about $190 million.
The chart shows that—measured in
their respective units of standard devi-
15
ations—the fluctuations of the two
series around their trends were about
equal until the middle of 1960. In
terms of dollars a change of $1 billion
in exports relative to the trend corresponded approximately to a parallel
change in short-term claims by slightly
over $100 million.
While the high and low points in
both series roughly coincided until 1957
the rise and decline in the short-term
assets appears to have been somewhai
delayed in the early stages of the corresponding movement in exports but to
have accelerated in the later stages.
This may be due perhaps to the greater
use by many foreign countries of their
own reserves to finance the early stages
of their import rise, but as these reserves declined they had to resort increasingly to foreign credits and their
outstanding indebtedness increased. A
decline in their imports was usuall}7 preceded by a decline in their exports, so
that an improvement of their balance
of payments was often delayed. This
may account for the lag in the decline
in outstanding debts.
The relatively close relationship between exports and the amount of outstanding claims appears to have been
Table 3.—Changes in Gold and Convertible Currency Holdings by U.S. Monetary
Authorities and in Liquid Liabilities
[Millions of dollars]
Quarters, not seasonally adjusted
Calendar years
1960
1959 i
1960
I
I
11
| 1961
in
IV
!
I
Changes in gold and convertible currency holdings
by U.S.
monetary authorities and in liquid liabilties 2
3,897
3, 832
634
831
1, 185
1,182
308
Gold and covertible currencies [purchases (— ), sales (+)]
Liquid liabilities, total
731
3, 166
1,702
2, 130
50
584
94
737
637
548
921
261
346
-38
International Organizations
International Monetary Fund
Other
748
604
144
] , 021
741
280
192
110
82
62
81
-19
165
102
63
602
448
154
81
26
Foreign central banks and governments, total
As reported by U S banks
Other ...
948
484
464
1.240
1,170
70
42
-146
188
547
591
-44
441
494
-53
210
231
-21
-489
By foreign holders;
Foreign commercial banks
Other foreigners and undetermined. .. __ __. _ _
-19
20
-13
1,140
105
457
132
5
330
-236
-107
-4
-63
-550
1,241
-163
970
454
-20
95
2 2, 391
636
252
349
26
12
604
126
180
35
28
-84
9
124
182
443
-15
-101
56
-40
-132
9
-25
387
-185
4
-111
30
-31
309
131
34
-165
4
-32
-155
196
— 14
-176
-107
By types of liabilities:
Deposits in U.S. banks . ._ .
U.S. Government obligations:
Bills and certificates
Bonds and notes
.._
_
Other
Bankers acceptances, commercial paper, etc .
Liabilities payable in foreign currencies
Other liabilities
18
1 Excludes U.S. subscription to the International Monetary Fund of which $1,031 million was paid in noninterest bearing notes
and $344 million in gold.
2
Corresponds to line 49 in Balance of Payments table, page 12 and to third line from bottom of analysis table, page 10, except for seasonal adjustments.
Source: U.S. Department of Commerce, Office of Business Economics.
(Continued to p. 19)
BY FRANCES P. SASSCER AND ELIZABETH M. OUTTEN
Growth of Foreign Travel
Large Rise Through 1960-Some Slowdown in 1961
Foi
)REIGN travel expenditures by
U.S. residents exceeded $2.6 billion in
1960. The rise from 1960—11 percent—
was the same as the 1958 to 1959 increase, and slightly higher than the average annual increase for the preceding
10 years. Indications are that the rise
has slackened this year, reflecting political unrest in various parts of the world
and the aftermath of the business recession here.
Rise in fare payments
Of the $2,640 million spent by Americans on foreign travel in 1960 about $1,740 million represented outlays in foreign countries and close to $900 million
fares covering transportation between
the United States and the foreign countries visited. The more rapid increase
in fare payments—15 percent—over
1959 compared to 8 percent for other
travel expenditures—may be attributed
in part to the expansion in travel to
more distant areas at relatively higher
transportation costs but average fares
also increased because of the larger use
of jet planes. The lesser increase in expenditures in foreign countries reflects
also the shorter average stay abroad of
those who use air transportation as compared with those who go abroad by ship.
Another factor was the continued increase in cruise travel in which some 75
percent of the travelers expenses are for
fares and various payments on board
ships, a substantially higher portion
than in other travel.
In addition to the amount spent
abroad, foreign countries received $460
million from U.S. travelers in fares paid
to foreign ships and planes. Thus, total
payments to foreigners on account of
foreign travel in the year were $2.2 billion, or 83 percent of the total of $2.64
billion for travel.
For the first time since 1950, the
share of fares going to foreign carriers
exceeded the portion paid to U.S. trans16
portation companies. The 20-percent
increase in fare receipts by foreign carriers reflects the rising share of air traffic carried by foreign planes—from 26
percent in 1950 to 41 percent in 1960—
and a continuing expansion in cruise
travel which takes place mostly on foreign ships.
The rise in sea travel was relatively
greater than in overseas air travel, but
in absolute numbers the growth in air
travel predominated by far. This tendency could be observed in transatlantic
travel, where the number of ship passengers was higher than in any year
since 1956. It also was found in nearby
travel in the Caribbean, where ship
cruises are important.
Share of Europe grows
Two-thirds of the 1959-60 increase in
travel expenditures within foreign countries went to Europe and the Mediterranean area, compared with one-third in
the previous year. Canada and Mexico
together received less than a fifth of the
rise, contrasted with over one-half in
1959 when there was a strong recovery
from the depressed 1958 level. Travel
to Cuba was down sharply; to other
Western Hemisphere countries it continued to rise.
Over half of the Americans traveling
to oversea countries in 1960 went to Europe compared with 46 percent in 1959.
These travelers spent over $700 million
in European countries, 17 percent more
than in 1959. This rise exceeded the
average annual increase during the past
10 years.
The growth of expenditures in Europe
reflected a 20-percent increase in the
numbers of travelers, offsetting slightly
lower average expenditures. The expansion in transatlantic jet airplane
service and special tourist events in
Europe in 1960 contributed to this rise.
Overall per capita expenditures, including transatlantic fares, for Ameri-
cans traveling to Europe, remained the
same as in 1959, about $1,500—the
portion covering transatlantic fares
($660) increasing slightly and the part
spent in Europe ($840) being slightly
under the 1959 figure. Americans
crossing to Europe by ship spent an
average of about $1,700 per trip, with
$1,000 spent in Europe and $700 on
fares. Travelers by air averaged $1,400
per trip spending $770 in Europe and
$630 on fares.
Italy received the largest share of
U.S. travel expenditures in Europe for
the sixth consecutive year, although
the number of visitors remained below
those going to France and the United
Kingdom. The high expenditures in
Italy may be attributed as usual to a
relatively high per capita expenditure,
reflecting a large proportion of foreignborn Americans making an extended
stay with family and friends. The
effect of the Olympic Games in 1960
as a stimulus to travel in Italy cannot
be evaluated, since the number of
American visitors there advanced in
about the same ratio as the number of
Table 1.—Expenditures for Foreign Travel
by U.S. Residents
[Millions of dollars]
Year
Total
Fares paid to —
Expenditures in
foreign
countries
Foreign
U.S.
1929
688
483
164
41
1937
470
348
95
97
716
573
55
88
1951
1952
1Q53
1954
1,028
1,188
1 306
1, 401
757
840
929
1, 009
132
172
179
183
139
176
198
209
1955
1956
1957
1958
1959
1960
1,612
1,814
1,955
2 140
2,380
2,640
1,153
1,275
1,372
1, 460
1,610
,745
201
238
261
320
380
460
258
301
322
361)
39!)
435
1947
NOTE.—Excludes travel by military personnel and other
Government omployees stationed abroad, their dependents
and U.S. citizens residing abroad; includes shore expenditures of cruise travelers; passenger fares exclude fares paid
by emigrant aliens.
Source: U.S. Department of Commerce, Office of Business
Economics.
SURVEY OF CURRENT BUSINESS
Tune 1961
Expenditures in the West Indies and
Central America decreased by $8 million to $166 million as the number of
travelers to this area declined from
677,000 to 641,000. A sharp drop in
American travel to Cuba was only
partly offset by an increase to the
nearby Bahamas. Travel outlays in
South America again increased modestly.
travelers to Europe as a whole. On
the other hand, the Passion Play at
Oberammergau resulted in a greaterthan-average increase in travel to
Germany and Austria.
The numbers and expenditures of
travelers in the Benelux countries
were less than in 1958. Actually, travel
to these countries has steadily increased
during the 1950's. Figures shown for
1958 were abnormally high, reflecting
this influx as a result of the Brussels
World Fair.
Far East movement up
Travel payments by U.S. residents
in other areas, principally Japan and
the Far East, continued to increase
but accounts for less than 5 percent of
the total. Round-the-world trips have
gained in popularity during the past
few years, stimulating additional travel
to the Far East along with the impetus
provided by the expansion of jet service
to the area. Japan and Hong Kong
again received more than half of U.S.
expenditures in other areas.
Nearby travel
Payments for travel in Canada by
U.S. residents advanced slightly to
$380 million in 1960. While numbers
and expenditures of Americans going
to Canada by train were lower than in
the preceding year, greater numbers
and average expenditures of travelers
by plane and automobile produced an
overall payments increase of 4 percent.
This w^as less, however, than the average Foreign travelers increase expenditures in U.S.
annual increase since 1955.
Foreign visitors spent $970 million in
A small gain in U.S. travel expenditures in Mexico in 1960 reflected a rise the United States in 1960, plus $110
in spending in Mexican border towns; million in fares paid to U.S. ships and
U.S. expenditures in the interior of planes for international transportation.
The increase over the prior year was
Mexico remaining unchanged.
FOREIGN TRAVEL EXPENDITURES AND
PASSPORTS ISSUED
Passports Validated So Far This Year Run Behind 1960 Record
Thousands
(Cumulative)
Million $
(ratio scale)
—11,000
1,000
H 800
800
1960
Passports Issued
600 -
! 600
and Renewed
Expenditures in
Passport Areas
400
200 -
100
80
60
I
40
J
I
F
I
M
I
A
I
M
J
I
J
Monthly
I
A
I
S
I
O
1
N
D
I
1958
I
59
60
Annual
I
J_
61
62
DoTa.- Dept. of Stole 8 QBE
U. S. Department of Commerce, Offke of Business Economics
59446-1—61—3
61-6-7
17
proportionately less than the rise in
U.S. payments for foreign travel, and
the excess of travel payments over
U.S. receipts rose in 1960 by 10 percent
to $1.1 billion.
In the balance of payments accounts,
however, there are certain partially
offsetting receipts connected with the
high level of travel payments which
should be noted. These include: purchases of U.S.-produced airplanes by
foreign countries, which are used to
transport American travelers to various
parts of the world; port charges paid
in the United States by foreign ships
and planes which carry passengers to
and from the United States; receipts by
U.S. airlines for transportation of U.S.
passengers between foreign countries;
income and service fees remitted to the
United States out of travelers' expenditures abroad in cases where foreign
hotels are owned or operated by U.S.
companies.
One-third of the $66 million increase
in travel receipts came from Mexican
visitors, and most of the remainder
came from residents of oversea countries, particularly Europe and the Far
East. Canada's share of the increase
was negligible, and there was no gain in
expenditures of visitors from the West
Indies, Central America, and South
America.
Receipts from Canadian residents
were about $470 million, accounting for
roughly half of total travel receipts.
The small increase from 1959 can be
attributed to the rising number of plane
travelers. Spending by Canadians using all other means of transportation
cither remained unchanged or, as in the
case of travelers by train, actually declined. The excess of travel receipts
from Canada over payments dropped
from about $100 million in 1959 and
1958 to $90 million.
Receipts from Mexican visitors were
$180 million here—15 percent more
than in 1959—all but $30 million was
spent by them along the border, however.
Receipts from residents of Europe
and the Mediterranean area also rose
15 percent to $115 million. Relaxation
of exchange restrictions in recent
years has contributed to the increase
in the number of Europeans traveling
here, and the number of European vis-
SURVEY OF CURRENT BUSINESS
18
itors to the United States since 1955
has increased proportionately more
than American visitors to Europe, although in 1960 the relative rise was
about the same. In absolute amounts,
the gap between the number of Europeans coming here and Americans
traveling to Europe has continued to
widen owing to the greater magnitude
of the latter figure.
TRAVEL IN THE UNITED STATES
BY OVERSEAS VISITORS Has Risen
Relatively Faster Than American Travel
Overseas Since 1955 —Number Much Less
Thousands
of Persons (ratio scale)
2,000
ALL OVERSEAS
1,000 800 -
Americans Traveling
Overseas
600 -
\
400 -
Foreign Vis/tors to
the United States
200
The Largest Increase Has Come
From Europe
EUROPE
1,000
800
600
Americans Traveling
Overseas
400
/—f
200
Foreign Visitors to
the United States
I
I
I
100
1,000
I
WEST INDIES and
CENTRAL-SOUTH AMERICA
800
600
Americans Traveling
Overseas
400
200
Foreign Visitors to
the United States
100
1955
56
57
58
59
60
61
Data.- Dep't of Justice 8 QBE
U. S. Department of Commerce, Office of Business Economics
61 - 6 - 8
Excess of U.S. expenditures largest in
Europe
Among the various travel areas, the
excess of U.S. expenditures over receipts
is largest in Europe, where the ratio is
about 6 to 1. Payments in 1960 by
American travelers (excluding fares)
exceeded receipts by nearly $600
million.
Last year, about 8 persons of every
10,000 Europeans visited the United
States, compared with about 46 out of
every 10,000 Americans who visited
Europe. However, this disproportion
is to some extent accounted for by the
relatively low level of European incomes. After deducting expenditures
for food, rent and clothing, European
per capita consumption outla}Ts in 1959
were about $280, compared with about
$960 per capita in the United States.
Another factor is, of course, the difference in relative costs for a European
to visit the United States as compared
with the varied attractions available for
a much smaller outlay in Europe.
Remedial steps are being taken in
order to improve the balance of payments due to travel. A campaign is
being developed to encourage travel to
the United States by foreign visitors.
At the same time, the reduction in the
amount of duty-free merchandise permitted to American travelers if enacted
into law would result in some decrease
in their average expenditures in some
areas.
The disparity between the amount
spent by Americans for European travel
and the amount spent here by Europeans is also due to the difference in
average expenditures. While Americans spend an average of $840 on travel
in Europe, the average expenditure here
by Europeans is about half this amount.
Costs of Europeans coming here are
lower partly because a great many stay
with relatives. It seems likely, therefore, that the gains to be expected from
a program to encourage European travel
here depend in part on the success in
raising the number of such travelers,
but especially from reaching into new
groups whose average expenditures can
be expected to be higher.
Offsetting this possibility, the largest
part of the recent increase in the number of Americans visiting Europe is in
June 1961
United States-born group, whose average expenditures in Europe tend to be
considerably higher than those of foreign-born travelers from the United
States.
Table 2.—Expenditures for Foreign Travel
by U.S. Residents, 1956-60
[Millions of dollars]
1957
1956
1958
1959
1,814 1,955 2,140 2,380
Total
Transportation
Foreign -flag; carriers
U.S. -flag carriers
Expenditures abroad
1960
2,640
539
583
680
770
895
238
301
261
322
320
360
380
390
460
435
1,275 1 372 1,460 1,610
1,745
Canada
-.__._
Persons staying under
48 hours .- _ _ _ _ _
Mexico
Persons visiting Mexican border only
316
340
323
365
380
74
279
80
305
75
319
85
350
n.a.
365
181
203
210
233
245
Oversea areas
680
727
818
895
1,000
473
82
11
85
20
53
14
38
94
21
483
82
12
83
21
58
15
42
93
21
560
90
13
93
40
64
19
43
99
21
604
102
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
704
116
12
118
33
83
25
53
122
25
134
26
153
28
r 23
156
29
50
58
?5
174
n.a.
n.a.
n.a.
166
28
42
28
37
1 11
43
37
n.a.
n.a.
18
15
Europe and Mediterranean
. _
United Kingdom
Ireland...
France _
Benelux
_.
Germany
Austria
Switzerland
Italy
Spain
West Indies and Central America
Bermuda...
Nassau
Jamica.
_ _ _
Other British West
Indies..
_.
Cuba
Netherlands West
Indies
I
4
5
7
n.a.
10
South America _ _
Venezuela
29
6
37
8
37
9
41
n.a.
45
9
Other oversea areas
Japan
__
_ _
Hong Kong
44
22
8
54
26
9
65
29
13
76
n.a.
n.a.
85
36
18
NOTE.—For coverage, see table 1. n.a. = Not available.
Source: U.S. Department of Commerce, Office of Business
Economics.
Table 3.—U.S. Travelers to Oversea Countries by Means of Transportation
[Thousands of travelers]
1956
Total
Sea
Air
Europe and Mediterranean
Sea
Air
West Indies and Central
America
Sea
Air
South America
Sea
Air
Other
Sea
Air
_
_ _
1957
1958
1959
1960
1,239 1,369 1,398 1,516
1,634
292
279
303
327
912 1,066 1,106 1,237
317
1,317
521
556
637
705
832
226
295
205
351
218
419
204
501
230
602
631
87
544
704
79
625
645
55
590
677
55
622
641
67
574
42
51
52
59
71
5
37
7
44
6
46
52
9
62
45
58
64
75
90
9
36
12
46
13
51
13
62
11
79
NOTE.—For coverage, see table 1: also excludes cruise
travelers.
Source: U.S. Department of Commerce, Office of Business
Economics, based on data of U.S. Department of Justice,
Immigration and Naturalization Service.
SURVEY OF CUEEENT BUSINESS
June 19C1
Table 4.—Numbers and Expenditures of U.S.-Born and Foreign-Born U.S. Residents
Traveling in Europe and the Mediterranean Area, Selected Countries, as Available,
1958-1960
Numbers of travelers
(thousands)
Foreign
born
U.S.
born
Total
Total expenditures
(millions of dollars)
U.S.
born
Foreign
born
Total
U.S.
born
Foreign
born
Total
263
240
215
832
705
637
538
452
424
166
152
136
704
604
560
938
964
1,000
632
632
632
841
851
876
142
128
137
88
76
81
230
204
218
175
155
170
64
57
60
239
212
230
1,200
1,186
1, 226
729
748
747
1,020
1,022
1, 048
\ir 1960
1959
1958
427
337
285
175
164
134
602
501
419
363
297
254
102
95
76
465
392
330
850
881
892
583
578
562
773
782
786
United Kingdom:
I960- ...
1958
368
268
94
70
462
338
93
73
23
17
116
90
253
273
237
243
249
266
415
307
90
74
505
381
101
78
17
15
118
93
242
252
193
201
233
242
Benelux :
1960
1958
226
229
44
61
270
290
26
31
7
9
33
40
117
134
151
143
123
136
Germany :
I960 -.
1958
282
203
100
77
382
280
52
40
31
24
83
64
186
196
307
316
217
229
-
142
105
39
28
181
133
20
14
5
5
25
19
138
132
136
172
137
141
-
281
203
61
50
342
253
43
34
10
9
53
43
153
168
169
177
156
169
324
248
81
66
405
314
95
76
27
23
122
99
288
307
335
346
298
315
95
82
16
13
111
95
21
18
4
3
25
21
223
219
233
206
225
217
Sea: I960
1959
1958-
£
.
_
France :
I960
1958
__
Austria:
I960
1958
Switzerland:
1960
1958
Italy:
1960
1958
Spain:
I960
1958
.
NOTE.—For coverage see table 1; includes the expenditures but not the number of cruise travelers.
Source: U.S. Department of Commerce, Office of Business Economics, based on data of U.S. Department of Justice,
Immigration and Naturalization Service.
The Balance of International Payments
(Continued from p. 15)
disturbed by other factors in 1958 and
even more so since the middle of 1960.
At the end of the first quarter of 1961
short-term claims outstanding were
more than 6 standard deviations or
more than $1 billion higher than can be
explained by the average relationship
to exports over the previous 9 years.
The fourth panel which shows the
yields on 3-month Treasury bills may
reflect some of these other factors.
The rise in claims relative to exports
during the first three quarters of 1958
coincided with a decline in yields on
these securities. The decline in claims
(relative to the trend) from the third
quarter of 1958 to the third quarter of
1959 coincided in part with the drop in
exports, but it continued about 6
months longer. During that period
yields on Government securities moved
up. The sharp rise in claims after the
middle of last year coincided with
relatively low yields.
The yields on Government shorthttp://fraser.stlouisfed.org/
term
securities
not be the primary
Federal
Reserve
Bank of may
St. Louis
[Millions of dollars]
1959
569
465
422
_ _
Table 5.—Expenditures by Residents of
Foreign Countries in the United States
Average expenditures
(dollars)
Europe and Mediterranean:
I960
19-r)9
1958
19
factor contributing to the outflow of
capital; it may be merely symptomatic
of the general supply situation for
capital which may have a more direct
influence. A low yield indicates a
large supply relative to requirements
for investments, a high yield a relative
tightness in the capital market. Furthermore, changes in the relation of
domestic to foreign capital markets
also have to be taken into consideration.
These conditions are not yet sufficient, however, to be an independent
influence on internatioi . capital movements, and apparently were not very
effective prior to 1958. Only after
restrictions on international capital
movements had been removed by foreign countries, so that funds that moved
abroad would be free to return, could
i n t e r n a t i o n a l capital movements
expand. These liberalizations were
greatly accelerated in Europe in 1958,
and in the latter part of 1960 similar
measures were taken by Japan. The
capital outflow in the second half of
1960
902
968
Canada__ _
Persons staying under 48 hours
Mexico .- .
__Persons visiting U.S. border only.
462
469
66
160
138
n.a.
182
152
Total oversea countries
Europe and Mediterranean
United Kingdom
West Indies, Central America,
and South America _ _ _
Other oversea countries
280
317
98
28
]15
34
133
49
133
69
Visitors from foreign countries.
n.a. = Not available.
NOTE.—Includes expenditures of travelers for business and
pleasure, foreigners in transit through the United States and
students; excludes expenditures by foreign government
personnel and foreign businessmen employed in the United
States.
Source: U.S. Department of Commerce, Office of Business
Economics.
Table 6.—Foreign Visitors to the United
States from Oversea Countries
[Thousands of travelers]
Total
Busi- Pleas- Tran- Stuness
ure
sit dents
Oversea countries,
total
1960
1959
602
544
105
89
385
336
89
96
23
23
Europe and Mediterranean.. .I960
1959
274
233
65
53
165
132
39
44
5
4
West Indies, Central America, and
South America
1960
1959
249
243
19
21
182
176
39
35
9
11
Other oversea areas
1960
1959
79
68
21
15
38
28
11
17
9
8
NOTE.—Excludes visitors from Canada and Mexico; excludes foreign government personnel and foreign businessmen
employed in the United States.
Source: U.S. Department of Justice, Immigration and
Naturalization Service.
1960 appears to have been speeded up
by the simultaneous easing of the
capital market in the United States, as
business activity here slackened, while
capital market conditions in Europe
increasingly tightened.
In the spring of this year monetary
authorities in some of the major European countries attempted to stem the
capital inflow and encourage capital
outflows by various measures such as
i
asing lending facilities of their
oaiiKs. In some European countries
certain long- and short-term interest
rates moved down. At the same time,
however, large amounts of funds were
borrowed by Japan, where capital
continued to be much more expensive
than either here or in Europe.
Policies to dampen excessive business
expansions by tightening domestic
credit are being reviewed abroad and
cooperation by central banks to reduce—or compensate for, volatile international capital flows has been initiated.
INVENTORY-SALES RATIOS OF MANUFACTURING AND TRADE FIRMS
In response to many requests, the SURVEY is adding series
on stock-sales ratios for manufacturing and trade firms to
its regularly presented monthly statistical data. The table
below provides ratios starting in 1955. These will be updated on this page for the next several months and then
incorporated in the S-pages in the Monthly Business Statistics Section.
The stock-sales ratios are based on the seasonally adjusted
sales and inventory series presented regularly for manufacturing and trade on pages S-4, 5, 9, and 10. The ratios are
derived by dividing end-of-month inventory book values by
total sales during the month. No adjustments have been
made to bring inventory book values, which are typically
valued at the lower of cost or market, up to the level of
selling prices.
Stock-sales ratios are frequently used in evaluating the
current position of inventory holdings. While useful in
this respect considerable caution must be used in such
analyses. In addition to the problem of selecting a "normal"
historical period for use as a frame of reference, appraisal is
rendered difficult by the many cyclical and secular factors
which are operative.
From a cyclical point of \iew, stock-sales ratios are generally inversely related to business activity, that is, the ratios tend to rise (fall) as sales decline (rise). Typically the
change in direction of the inventory movement tends to occur sometime after the turn in sales. Over the longer run,
stock-sales ratios are affected by changing efficiencies in the
handling of inventories due to such factors as improvements
in transportation, better control by management, increasing
use of electronic data processing machines, and other change
in technology.
Manufacturing
Total
manufacturing
and
trade
Year and month
January
February
March
April
Mav
June
July
August
September
October
November
December
January
February
March
April
Mav
June
July
August
September
October
November
December
January
February
March
April
May
June
Julv
August
September
October
November
December
January
February
March
April
May
June
July
\ugust
September
October
November
December
1955
_ _ ._
-
--
1956
-
_
1957
_
.-
- - - .-- .
1958
_
1959
January
February
March
.
April
May
June
July
August
September . ._
October
November
December
January
February
March
April
May
June
July
August
September
October
November
December
-
_,
1960
._
Purchased Goods- Finished
ingoods
materials
proccss
Total
Purchased Goods- Finished
goods
materials
inprocess
Total
Retail trade
NonDurable durable Total
goods
goods
NonDurable durable
goods
goods
1.52
1.53
1.49
1.49
1.48
1.48
1.48
1.50
1.48
1.50
1.49
1.50
1.73
1.73
1.68
1.69
1.66
1.65
1.64
1.69
1.65
1.71
1.68
1.69
1.98
1.98
1.91
1.92
1.86
1.86
1.83
1.91
1.87
1.95
1.90
1.94
0.55
.55
.52
.52
.51
.50
.50
.53
.53
.55
.53
.54
0.80
.80
.78
.78
.76
.76
.75
.78
.76
.80
.79
.81
0 63
.63
.61
.61
.59
.60
.58
.60
.58
.60
.58
.59
1.49
1.49
1.46
1.46
1.45
1.45
1.45
1.46
1.44
1.47
1.45
1.44
0.61
.61
.59
.60
.60
.60
.60
.60
.59
.61
.60
.59
0.21
.21
.20
.21
.20
.21
.21
.21
.21
.21
.21
.20
0.67
.67
.66
.66
.65
.64
.64
.65
.64
.65
.64
.64
1.03
1.04
1.01
1.01
1.01
1.01
1.02
1.04
1.04
1.04
1.02
1.02
1.38
1.37
1.35
1.35
1.32
1.34
1.34
1.33
1.33
1.34
1.31
1.32
0.83
.84
.82
.81
.82
.81
.83
.86
.85
.85
.84
.83
1.50
1.52
1.50
1.50
1.50
1.52
1.52
1.51
1.48
1.49
1.50
1.52
1.97
1.97
1.90
1.90
1.93
1.93
1.92
1.88
1.85
1.86
1.91
1.96
1.26
1.28
1.28
1.27
1.26
1.28
1.28
1.28
1.27
1.27
1.26
1.27
1.51
1.54
1.57
1.56
1.55
1 57
1.59
1.57
1.60
1.56
1.57
1.56
1.70
1.72
1.79
1. 77
1. 79
1.81
1.87
1.83
1.87
1.80
1.83
1.81
1.95
1.99
2.10
2.06
2.12
2.12
2.23
2.12
2.19
2.10
2.14
2.11
.54
.56
.59
.59
.60
.60
.63
.60
.61
.59
.60
.60
.81
.82
.88
.86
.89
.88
.93
.89
.92
.88
.90
.88
.59
.61
.63
.61
.63
.64
.67
.64
.66
.63
.64
.63
1.45
1.45
1.48
1.48
1.47
1.52
1.52
1.53
1.56
1.50
1.52
1.51
.59
.59
.60
.59
.59
.60
.60
.61
.62
.60
.60
.60
.20
.20
.20
.20
.20
.21
.21
.21
.21
.21
.21
.21
.65
.66
.67
.68
.67
.70
.71
.71
.73
.70
.71
.71
1.03
1.05
1.09
1.09
1.06
1.08
1.09
1.10
1.12
1.11
1.10
1.10
1.31
1.33
1.38
1.39
1.35
1.36
1.43
1.45
1.52
1.49
1.46
1.49
.84
.86
.89
.89
.87
.88
.88
.89
.89
.88
.88
.86
1.55
1.59
1.54
1.55
1.52
1.51
1.50
1.48
1.49
1.47
1.44
1.45
2.07
2.13
2.07
2.10
2.05
1.98
1.94
1.92
1.94
1.85
1.81
1.82
1.26
1.29
1.25
1.26
1.24
1.25
1.27
1.2.5
1.26
1.27
1.25
1.25
1.54
1.56
1.60
1 59
1.59
1.61
1.58
1.60
1 69
1.64
1.66
1.67
1.75
1.79
1.88
1 87
1.88
1.91
1.86
1.89
1 92
1.93
1.98
2.01
2.05
2.09
2.20
2 21
2.21
2.21
2.17
2.22
2 25
2.28
2.33
2.38
.58
.59
.61
.60
.59
.59
.58
.59
.60
.62
.63
.63
.85
.87
.92
.94
.94
.94
.93
.95
.95
.95
.97
.97
.62
.63
.66
.66
.67
.69
.67
.68
.70
.71
.72
.77
1.45
1.49
1.56
1.54
1.56
1.61
1.55
1.57
1.59
1.58
1. 64
1.65
.57
.59
.61
.60
.62
.64
.62
.63
.63
.63
.65
.65
.20
.20
.21
.20
.21
.21
.20
.21
.21
.21
.22
.23
.68
.70
.73
.73
.74
.75
.73
.73
.75
.74
.76
.77
1.11
1.11
1.12
1.13
1.11
1.11
1.12
1.12
1.15
1.17
1.17
1.17
1.43
1.47
1.49
1.53
1.50
1.51
1.56
1.60
1.66
1.71
1.71
1.74
.90
.89
.89
.89
.87
.87
.86
.84
.86
.86
.87
.86
1.47
1.46
1.46
1.44
1.43
1.43
1.42
1.42
1.44
1.45
1.47
1.45
1.88
1.88
1.89
1.89
1.85
1.86
1.85
1.91
1.94
1.97
1.98
2.03
1.25
1.24
1.23
1.21
1.21
1.21
1.19
1.17
1.18
1.19
1.20
1.16
1 68
1.72
1.73
1.69
1.66
1.63
1.60
1.58
1.56
1.53
1.51
1.48
2 01
2.05
2.09
2.06
2.02
1.95
1.89
1.87
1.84
1.82
1.79
1.75
2.42
2.51
2.56
2.55
2.49
2.36
2.31
2.27
2.20
2.16
2.10
2.04
.66
.69
.70
.69
.67
.63
.61
.60
.59
.60
.57
.55
.98
1.01
1.02
1.02
1.00
.94
.93
.91
.89
.87
.85
.83
.78
.82
.84
.84
.83
.79
.78
.75
.72
.69
.68
.66
1.63
1.64
1.67
1.64
1.62
1.59
1.53
1.53
1.51
1.51
1.51
1.47
.64
.65
.66
.65
.65
.64
.62
.62
.61
.61
.61
.59
.22
.22
.22
.22
.22
.22
.21
.21
.21
.21
.21
.21
.77
.77
.78
.77
.75
.73
.70
.69
.69
.69
.70
.68
1.18
1.20
1.20
1.15
1.14
1.11
1.10
1.09
1.06
1.05
1.04
1.03
1.73
1.80
1.80
1.73
1.68
1.62
1.62
1.57
1.52
1.49
1.46
1.47
.88
.88
.89
.85
.85
.84
.82
.82
.81
.80
.79
.78
1.46
1.52
1.51
1.46
1.44
1.45
1.44
1.42
1.44
1.39
1.39
1.35
2.06
2.23
2.22
2.11
2.06
2.10
2.06
2.05
2.07
1.93
1.88
1. 82
1.17
1.19
1.18
1.16
1.16
1.15
1.15
1.14
1.15
1.14
1.16
1.12
1.49
1.48
1.46
1.44
1.44
1.44
1.46
1.50
1.48
1.49
1.49
1.47
1.76
1.75
1.73
1.69
1.68
1.67
1.69
1.78
1.74
1.75
1.78
1.70
2.08
2.05
2.01
1.94
1.92
1.92
1.97
2.15
2.11
2.08
2.18
2.00
.57
.57
.56
.55
.55
.56
.58
.62
.59
.57
.60
.55
.84
.82
.80
!76
.75
.77
.85
.85
.84
.87
.80
.67
.66
.65
.62
.61
.60
.62
.68
.67
.67
.70
.65
1.46
1.47
1.46
1.44
1.44
1.42
1.41
1.44
1.41
1.45
1.44
1.42
.59
.59
.59
.58
.58
.58
.58
.59
.57
.58
.58
.57
.21
.21
.20
.20
.20
.20
.20
.20
.19
.20
.20
.19
.67
.68
.67
.66
.66
.64
.63
.65
.64
.67
.66
.66
1.01
1.00
.98
.97
.98
.98
1.00
1.03
1.00
1.04
1.02
1.00
1.48
1.45
1.38
1.36
1.34
1.35
1.39
1.44
1.40
1.45
1.42
1.38
.74
.74
.74
.74
.75
.76
.76
.79
.77
.80
.78
.77
1.39
1.37
1.35
1.36
1.34
1.36
1.37
1.37
1.39
1.35
1.36
1.39
1.89
1.87
1.84
1.84
1.88
1.89
1.93
1.91
1.99
1.82
1.94
2.06
1.13
1.12
1.10
1.12
1.08
1.09
1.08
1.10
1.10
1.10
1.09
1.10
1.47
1. 47
1.51
1.48
1.51
1.51
1.53
1.54
1.54
1 54
1.55
1.56
1.71
1.71
1.76
1.76
1.77
1.79
1.80
1.82
1.82
1.84
1.85
1.84
1.99
2.00
2.09
2.13
2.13
2.17
2.18
2.22
2.21
2.23
2.25
2.27
.56
.55
.58
.59
.58
.58
.59
.59
.58
.59
.58
.59
.79
.80
.83
.84
.84
.86
.86
.87
.86
.87
.88
.88
.64
.65
.68
.70
.70
.72
.73
.76
.77
.78
.79
.79
1.44
1.42
1.44
1.42
1.44
1.44
1.45
1.46
1.46
1.48
1.48
1.47
.58
.57
.58
.57
.57
.57
.58
.57
.57
.57
.57
.56
.19
.19
.19
.19
.20
.20
.20
.20
.20
.20
.20
.20
.67
.66
.67
.66
.67
.67
.68
.68
.69
.71
.71
.71
1.02
1.02
1.05
1.02
1.05
1.04
1.06
1.06
1.08
1.09
1.08
1.07
1.40
1.42
1.52
1.45
1.51
1.53
1.57
1.57
1.59
1.62
1.61
1.61
.79
.77
.78
.77
.78
.76
.77
.78
.79
.80
.80
.80
1.35
1.37
1.38
1.32
1.37
1.37
1.40
1.38
1.40
1.37
1.38
1.42
1.92
1.93
1.96
1.86
1.95
1.98
2.10
2.02
2.04
1.96
2.02
2.17
1.08
1.09
1.10
1.06
1.08
1.08
1.08
1.09
1.10
1.08
1.08
1.09
2.34
.61
1.87
.92
1.85
.60
2.30
.90
2.21
.58
.87
1.80
.55
2.13
.84
1.77
book values to sales for month.
.81
.79
.78
.74
1.48
1.46
1.45
1.45
.56
.55
.55
.55
.20
.19
.19
.20
72
.71
.71
. 70
1.08
1.06
1.07
1.11
1.57
1.61
1.63
1.71
.81
.78
.79
.82
1.42
1.40
1.35
1.36
2.17
2.13
1.98
2.01
1.09
1.09
1.07
1.08
1961
January
1.57
February
1 54
March
1.51
1.52
April
NOTE.—Ratios of end-of-month inventory
20
Total
Wholesale trade
Nondurable goods industries
Durable goods industries
Total
|
BUSINESS STATISTICS
Wlontki
JL HE STATISTICS here are a continuation of the data published in the 1959 edition of BUSINESS STATISTICS, biennial Statistical Supplement
to the SUKVEY OF CURRENT BUSINESS. That volume (price $2.25) contains monthly (or quarterly) data for the years 1955 through 1958 and
monthly averages for all years back to 1929 insofar as available; it also provides a description of each series and references to sources of monthly
figures prior to 1955. Series added or significantly revised since publication of the 1959 BUSINESS STATISTICS are indicated by an asterisk (*) and a
dagger (f), respectively; certain revisions for 1958 issued too late for inclusion in the aforementioned volume appear in the monthly SURVEY
beginning with the July 1959 issue. Except as otherwise stated, the terms "unadjusted" and "adjusted" refer to adjustment for seasonal
variation.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided
through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1960
April
May
June
July
1961
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT f
Seasonally adjusted quarterly totals at annual rates: f
National income, total
bil. of dol_.
Compensation of employees, total
Wages and salaries, total
._
Private
Military
Government civilian
Supplements to wages and salaries
do
do
do
. do
do
do
Proprietors' income, totaled 1
do
Business and professional d" .
do
Farm
do
Rental income of persons
- do
Corporate profits and inventory valuation adjustment, total
bil. of doL.
Corporate profits before tax, total
do
Corporate profits tax liability
.-.do
Corporate profits after tax
do
Inventory valuation adjustment
- _--do
Net interest
Gross national product, total.
419.4
419.3
416 9
295.0
273.1
225. 5
10.0
37.6
21.9
297.2
274.9
226.0
10 1
38.8
22.3
295 2
273.2
223 6
10 3
39 3
22.0
293.3
271.5
221.2
10 4
39.9
21.8
48.1
36.0
12.1
12.5
48.3
36.1
12 2
12.5
48 8
35.9
12 8
12 5
48
35
13
12
45.3
45.7
22.3
23.4
-.4
42.2
41.5
20.3
21. 3
.7
41.0
40 7
19.8
20 8
.4
5
5
0
5
do
18.5
19 1
19 4
19 6
__do
505.0
503 5
503 5
499 8
329.0
44.5
153.5
130.9
328
42
152
132
3
7
7
9
330
43
152
134
8
2
9
7
328 8
39 2
153 0
136 6
0
3
7
o
61
39
26
4
Personal consumption expenditures, total do
Durable goods
do___
Nondurable goods
_
___do
Services
do _
Gross private domestic investment, total
do
New construction
...do
Producers' durable equipment
do
Change in business inventories
...do
75.5
40.7
29.5
5.3
70 8
40.5
29 7
6
66
40
28
3
Net exports of goods and services
do
Exports
do
Imports -..do
Government purchases of goods and services, total
bil. ofdoL.
Federal (less Government sales)
do
National defense9
do _ _ .
State and local
do
2.0
26.4
24.4
3 7
27 3
23 5
4 6
27 0
92 4
98.6
51.7
44.7
46.9
100 7
52 7
45 1
48.0
102
53
45
48
1
3
7
8
0
0
5
5
53
27 4
22 1
104
54
47
50
7
7
2
0
Personal income, total
Less: Personal tax and nontax payments.
Equals: Disposable personal income
do
do
do
404.2
50.0
354.1
408.0
50.5
357 5
408 5
50 4
358 1
407 5
50 3
357 2
Personal saving§
do
25.2
29.2
27.2
28.3
GNP in constant (1954) dollars
Gross national product, total
bil. of doL.
Personal consumption expenditures, total. __ do
Durable goods
do
Nondurable goods
.do
Services
do
442.2
438 0
437 0
432 4
298.3
41.9
143. 2
113.3
296.9
40 2
142.3
114.4
297 6
41 2
141.3
115 2
294 7
37 5
141 1
116 1
54
33
23
2
50
32
21
3
Gross private domestic investment, total
New construction
Producers' durable equipment
Change in business inventories.
do
do
do--_
do-
62.8
33.8
24.2
4.8
58.6
33 6
24.4
6
Net exports of goods and services
do _
.7
2.2
80.3
41.8
38.6
80 3
41.2
39.1
Government purchases of goods and services, total
bil. of doL.
Federal
do
State and local
do
9
5
8
4
3 4
6
4
9
8
38
81 1
83 3
41 4
42 6
39.7
40.7
r
Revised.
fRevised series. Estimates of national income and product and personal income have been revised back to 1957; revisions prior to the 2d quarter 1959 (and prior to May 1959
for personal income) appear on pp. 8 ff. of the July 1960 SURVEY.
(^Includes inventory valuation adjustment.
9 Government sales are not deducted.
§ Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.
S-l
SUEVEY OF CURRENT BUSINESS
S-2
June 1961
1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
April
May
June
July
1961
Septem- October Novem- DecemAugust
ber
ber
ber
January
February
March
April
May
GENERAL BUSINESS INDICATORS—Continued
PERSONAL INCOME, BY SOURCE*
401.9
404.7
406.1
407.3
408.2
408.8
409.7
409.0
406.9
406.6
406.2
1 408. 0
409.8
MILS
413.7
Wage and salary disbursements, total
do
Commodity-producing industries, total
do
Manufacturing only
do
Distributive industries
__do
Service industries
__do
Government
do
Other labor income
do
Proprietors' income:
Business and professional
do
Farm
do
271.7
112.1
88.6
71.8
40.5
47.3
10.8
273.6
113.3
89.5
72.0
40.7
47.6
10.9
274.0
112.9
89.2
72.2
41.1
47.8
11.0
275.1
112.8
88.7
72.4
41.3
48.5
11.1
275.1
111.5
87.7
72.9
41.6
49.0
11.2
275.0
111.2
87.5
72.7
41.9
49.2
11.2
274.8
110.9
87.2
72.5
42.0
49.4
11.3
273.6
109.5
86.2
72.5
42.0
49.6
11.1
271.4
107.3
84.6
72.3
42.0
49.8
11.0
271.4
107.2
84.4
72.1
42.1
50.0
11.0
271.0
106.5
84.0
72.0
42.2
50.3
10.9
272.1
107.3
84.4
71.9
42.3
50.6
10.9
* 275. 1
' 109. 4
'86.3
' 72. 4
'42.5
50.8
10.9
276.9
110.7
87.7
72.6
42.6
50.9
10.9
35.7
11.7
36.0
12.1
36.2
12.5
36.2
12.0
36.1
12.2
36.1
12.2
36.1
12.6
35.9
12.9
35.7
12.9
35.5
12.9
35.4
13.0
35.5
13.0
'35.6
'12.9
35.7
13.1
Rental income of persons
do
Dividends
do
Personal interest income
do
Transfer payments
- --do
Less personal contributions for social insur-_-do
12.5
13.9
26.2
28.6
9.2
12.5
13.9
26.5
28.4
9.3
12.5
13.9
26.8
28.5
9.3
12.5
13.9
27.1
28.7
9.3
12. 5
14.0
27.4
29.1
9.4
12.5
14.0
27.5
29.7
9.3
12.5
14.1
27.6
30.0
9.3
12.5
14.1
27.6
30.5
9.2
12.5
14.0
27.7
30.9
9.2
12.5
14.0
27.7
31.0
9.4
12.5
14.0
27.7
31.1
9.4
12.5
14.0
27.6
133.6
9.4
12.5
14.0
27.6
32.2
9.5
12.5
14.0
27.6
32.5
9.5
385.9
388.3
389.3
391.1
391. 8
392.4
393.0
392.1
390.1
389.8
389.3
1 392. 9
' 394. 5
396.7
Seasonally adjusted, at annual rates: t
Total personal income
t>il. of dol__
Total nonagricultural income
-- do__
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals:
All industries
8.98
9.28
bil ofdol
9.53
r
7.57
2 r 8. 72
r
3.00
r
1.41
r
r
3. 51
r
1.62
r
1.89
3.48
1 58
1.91
.26
.20
49
1.45
2 81
.26
.16
45
1.65
2 68
AT anuf acturing
Durable goods industries
do
do
3.76
1.88
1.88
3.62
1.80
1.81
4.01
1.95
2.06
Mining
Railroads
do
do
.27
.29
. 55
1.42
2.99
.25
.24
.47
1.50
2.91
24
.25
46
1.58
2 99
36.30
35.90
35 50
r 33 85
14 40
6 85
7 55
r
do
14.70
7.40
7 30
14.65
7.35
7.30
do
do
do
1.05
1.10
2.15
5.70
11.60
1.00
1.00
1.90
5.60
11.75
90
1.00
1 80
5 70
11 65
Public utilities
do
Seasonally adjusted quarterly totals at annual rates:
All industries
bil of dol
Durable goods industries
Railroads
Transportation other than rail
Public utilities
1.59
r
r
r
r
.21
.17
r
r
41
r
r
1.09
2 69
2 33 85
13 75
6 50
r
r
*• 95
.70
1 75
5.35
11 30
34 60
14 05
6 40
7 70
1 00
.75
1 85
5.75
10 90
1 05
.65
1 85
6. 15
10 80
r
r
r
r
3
8.70
13 65
6 30
r 7 35
r
r 7 25
r
3
FARM INCOME AND MARKETINGS^
Cash receipts from farming, including Government
payments total
mil ofdol
Farm marketings and CCC loans, total
do
Crops
do
Livestock and products total 9
do
Dairy products
_ _ _
do
Meat animals
do
Poultry and eggs
do
Indexes of cash receipts from marketings and CCC
loans, unadjusted:
All commodities
1947-49 = 100-Crops
do
Livestock and products
do
Indexes of volume of farm marketings, unadjusted:
All commodities
1947-49=100
Crops.
do
Livestock and products
do _
2,211
2,316
2,509
2,754
3,023
3,390
4,300
3,768
3,159
3,111
2,309
2,291
2,170
2,199
675
1,524
399
824
268
2,298
672
1,626
431
894
265
2, 464
905
1,559
413
875
246
2,687
1,236
1, 451
399
779
256
2,991
1,413
1,578
384
911
268
3,368
1,730
1,638
378
955
290
4,000
2,170
1,830
394
1,077
335
3,712
1,991
1,721
380
990
326
3,121
1,530
1,591
403
861
297
3, 065
1,438
1,627
408
938
247
2,287
824
1,463
376
819
238
2,272
606
1,666
421
925
279
2,136
618
1,518
417
822
249
90
63
112
94
63
119
101
84
114
110
115
106
123
132
116
138
161
120
164
202
134
152
186
126
128
143
117
126
134
119
94
77
107
93
56
122
88
58
111
98
59
128
104
58
138
116
90
135
128
132
126
143
149
138
157
177
142
189
233
155
172
210
144
143
158
131
143
160
131
104
86
118
104
57
138
97
53
130
110
109
109
103
107
108
110
106
101
102
103
104
106
110
108
114
97
110
107
115
97
110
106
116
98
103
99
109
94
106
98
117
98
108
102
117
98
110
103
119
98
106
100
114
97
100
96
106
97
101
95
109
97
102
96
111
97
103
97
112
106
100
'114
96
111
115
120
113
104
111
115
120
113
105
112
116
121
115
104
107
110
104
112
102
111
115
99
121
101
112
117
110
119
102
114
121
123
120
101
110
115
117
114
100
106
108
108
108
101
106
109
101
112
101
108
111
104
114
101
r 107
109
113
112
INDUSTRIAL PRODUCTION t
Revised Federal Reserve Index of Quantity Output
Unadjusted, total index (including utilities) t
1957=100By industry:
Manufacturing, total
do
Durable manufactures
do
Nondurable manufactures.
_do
Mining
do
Utilities
do
By market grouping:
Final products, total
Consumer goods
Automotive and home goods
Apparel and staples.- __ _
Equipment, including defense.
_„ do
do
do
do
_do
r 96
111
104
113
101
r H4
*>108
P log
"103
P115
P 98
P no
P jj4
*113
P 114
^102
P 107
PlOl
102
r 104
Materials
do
109
105
107
104
105
108
100
102
r 101
98
98
99
106
104
100
Durable goods materials
do
105
96
97
99
95
90
90
91
90
96
112
111
111
104
r 111
110
110
112
Nondurable materialsdo__.
108
109
106
r 119,
110
P 113
' Revised.
P Preliminary.
1 Italicized total excludes stepped-up rate of National Service Life Insurance dividend payments; total disbursements of $150 million multiplied
by 12 (to
2
put on annual rate basis) amounted to $1.8 billion. Figures for transfer payments
and total nonagricultural income reflecting similar exclusion are $31.8 billion and $391.1 billion.
Estimates
3
for April-June 1961 based on anticipated capital expenditures of business.
Estimates for July-September 1961 based on anticipated capital expenditures of business Anticipated expenditures for the year 1961, and comparative data for 1959-60, appear on p. 8 of this issue of the SURVEY.
JSee note marked "t" on page S-l.
cfRevised beginning 1958; revisions prior to May 1959 will be shown later.
9 Includes data not shown separately.
TRevised series. For figures back to January 1955 for total and summary groups (seasonally adjusted), see p. 6 of the January 1960 SURVEY; for other information and earlier figures back
to 1947 (1919 for total industrial production, including utilities), see the December 1959 Federal Reserve Bulletin and the separate Federal Reserve publication, "Industrial Production- 1959
Revision" (available from the Board of Governors of the Federal Reserve System).
SURVEY OF CURRENT BUSINESS
June 1961
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-3
1961
1960
April
May
June
July
Septem- October Novem- DecemAugust
ber
ber
ber
January
February
March
April
May
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION— Continued
Revised Fed. Reserve Index of Quantity Output— Con.
Seasonally adjusted, total Index (including utilities) |
1957=100.By industry:
Manufacturing total
do
Durable manufactures 9
Primary metals
Iron and steel
Fabricated metal products
Structural metal parts
do
__do
do
__ _ __do
do
__
109
110
109
110
108
107
106
105
103
102
102
102
105
^108
109
110
110
110
108
107
106
104
102
101
101
102
105
p 108
106
99
100
104
101
107
94
92
108
104
105
88
84
108
106
106
85
80
109
107
104
83
76
108
107
102
80
72
106
105
101
78
73
105
104
98
74
68
101
101
96
69
64
101
98
95
71
66
97
97
94
73
69
96
94
95
'74
69
96
94
99
82
P 103
107
102
114
109
104
115
109
105
114
110
107
114
107
103
113
105
101
112
102
100
105
102
98
107
101
96
108
101
96
109
101
96
108
102
115
89
106
120
92
102
120
84
102
113
90
101
114
88
102
115
89
103
116
89
97
103
90
93
97
89
89
89
88
88
86
88
117
110
114
122
113
120
111
110
124
115
121
114
109
123
117
121
114
111
124
117
122
112
102
121
115
118
109
103
118
109
119
109
100
117
113
119
107
95
117
110
116
103
96
114
107
116
101
100
111
107
113
100
99
111
108
do
do
do
- -do
do
113
110
127
99
113
115
113
127
104
113
116
115
127
104
112
116
113
128
103
112
115
111
127
103
112
113
106
122
97
112
113
104
122
101
112
112
101
123
99
110
111
98
119
96
109
111
98
113
97
111
111
102
116
96
113
- -do
do
- do
__do_ _
do
109
106
122
126
107
111
108
123
128
107
112
109
125
132
111
112
108
125
131
115
113
108
124
131
112
112
107
121
127
111
113
108
121
125
109
114
108
120
126
108
112
106
120
125
105
111
104
119
125
106
110
102
118
* 124
106
do
do
do
do
- -do
115
108
108
106
116
117
109
109
111
115
122
109
109
110
115
117
110
109
111
111
115
109
109
109
114
111
110
109
110
114
110
111
111
112
115
109
109
109
108
117
105
110
110
109
115
103
110
110
111
113
r
98
87
97
97
106
115
97
86
96
96
103
114
97
78
99
99
97
116
97
78
99
100
94
118
98
80
100
100
96
116
96
77
99
99
92
114
97
81
99
99
88
116
98
77
101
101
95
113
98
81
99
98
107
109
98
78
99
98
109
111
do
do
do
123
122
125
122
121
125
124
123
124
124
124
123
125
126
122
126
127
121
124
125
120
123
124
118
123
124
119
do __
do
do __
111
115
117
112
117
121
112
117
121
112
116
116
111
115
115
110
114
114
111
115
115
109
113
111
108
112
108
Automotive products
Autos
Auto parts and allied products
do
do
do
117
116
119
121
122
119
121
123
118
114
108
122
115
114
118
117
119
113
121
123
118
112
109
116
105
97
118
94
78
118
Home goods 9
Appliances, TV, and radios
Furniture and rugs
do
do
do
117
115
121
121
120
123
120
118
122
117
113
118
114
108
119
112
105
119
110
103
115
110
104
114
110
106
113
108
106
109
Apparel and staples
_
do __
Apparel, incl. knit goods and shoes ...do
Consumer staples 9
do
Processed foods
do
114
120
113
108
115
122
113
109
115
121
114
110
116
121
115
110
115
119
114
110
114
113
114
110
115
114
115
110
114
114
113
109
113
111
114
109
Beverages and tobacco
do
Drugs, soap, and toiletries
do
Newspapers, magazines, and books__do
Consumer fuel and lighting
do _.
110
118
112
120
112
120
113
118
112
122
113
120
111
122
116
122
111
120
115
122
112
119
116
121
113
122
115
120
111
118
116
119
do
do
do
do ___
do
do
102
104
102
115
101
89
104
106
104
117
105
89
103
105
103
120
99
89
104
106
104
121
101
88
103
105
103
121
95
83
103
105
101
120
101
87
103
105
99
121
103
86
do
do
do
do
do
108
105
110
104
109
107
105
115
104
110
106
102
115
98
110
106
101
110
102
110
105
100
106
101
109
104
99
112
97
106
103
97
103
98
105
do
do
110
109
111
111
108
113
112
113
113
113
111
111
111
112
109
110
108
111
109
110
107
111
109
110
106
112
103
97
121
»• 103
97
120
104
98
122
102
96
122
103
97
121
103
98
120
Machinery
Nonelectrical machinery
Electrical machinery
do
do
do
Transportation equipment 9
Motor vehicles and parts
Aircraft and other equipment
do
do__ _
do
Instruments and related products
_ do
Clay glass, and stone products _ __ __do _
Lumber and products
do
Furniture and fixtures
do _
Miscellaneous manufactures
do
Nondurable manufactures
Textile mill products
Apparel products
Leather and products
Paper and products
-
Printing and publishing
Newspapers
Chemicals and products
Industrial chemicals
Petroleum products
Rubber and plastics products
Foods and beverages
Food manufactures
Beverages
Tobacco products
-
Mining
Coal
Crude oil and natural gas
Crude oil
Metal mining
Stone and earth minerals
-do
do
-do __
do
do
do
Utilities
Electric
Gas
By market grouping:
Final products, total
Consumer goods
Automotive and home goods
_
-
Equipment, including defense 9
Business equipment
Industrial equipment
Commercial equipment
Freight and passenger equipment
Farm equipment-..
Materials
Durable goods materials 9
Consumer durable..
Equipment
Construction
Nondurable materials 9
Business supplies
General business supplies
Business fuel and power 9
Mineral fuels
Nonresidential utilities
' Revised.
» Preliminary.
_.
_.
__
_-
_
_
do
110
110
110
107
112
do
do
do
103
97
120
102
96
120 1
fSee corresponding note on p. S-2.
9 Includes data not shown separately.
102
110
110
108
116
T
101
95
108
T
r
T
r
r
r
r
T
r
r
127
P 116
P 109
111
T
* 116
P 112
p 115
p 113
107
P 112
96
111
111
111
r
97
68
101
P 97
r 81
p U9
P 99
r 97
r
r 77
99
98
106
106
r
107
no
124
125
125
125
r 125
r 126
107
110
102
107
110
101
107
111
T
p 90
105
123
111
109
116
97
113
105
106
115
116
r
120
!06
P 106
P101
P 112
^97
M04
113
106
120
112
105
110
104
98
110
119
96
r
l!3
r
97
P 105
P 100
94
98
88
r
r
99
109
89
"91
p89
79
103
r
88
86
113
103
101
111
107
r
r
T
101
r
106
r 100
T 100
93
P 197
125
10Q
r HQ
p
lll
p 11 5
r 100
109
j;
r 88
115
103
92
120
p 101
109
109
109
110
108
110
114
111
116
113
108
114
110
113
110
114
110
114
113
114
111
115
111
118
116
119
112
118
117
123
111
117
115
125
102
103
100
119
99
88
101
102
98
117
99
99
100
101
98
118
95
98
r 1QO
101
94
94
98
102
QQ
no
91
91
9^5
99
90
88
95
98
89
8^
95
97
108
110
109
110
107
108
108
109
1 AQ
r JOS
108
112
107
102
101
r 109
r 1 H9
119
119
121
T
90
73
115
r
71
!20
P 1 1 f\
111
111
116
119
116
122
99
100
96
117
93
104
109
97
119
94
107
90
103
r 85
p 106
QO
or
r QQ
-ino
T
r
Q7
r
•lie
r
108
110
p 108
1 1r
••114
101
98
118
91
103
113
110
110
113
108
T
97
p 112
P 104
P 97
SURVEY OF CURRENT BUSINESS
S-4
June 19(51
1961
1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
April
May
June
July
DecemAugust SeptemOctober N overaber
ber
ber
January
Februa?y
March
April
May
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES^
bil. of dol._
62.5
61.9
61.8
60.9
60.7
60.4
60.3
59.9
59.4
58.7
••59.3
••60.1
60.1
M anuf acturing tot al
- do
Durable goods industries
do
Nondurable goods industries
do
Wholesale trade total
_ __do
Durable goods establishments
do
Nondurable goods establishments
do
Retail trade, totalt
do
Durable goods stores
-do
Nondurable goods stores
do~
Manufacturing and trade inventories, book value, end
of month (seas adj), total
_bil. ofdol..
31.0
15.0
16.0
12 6
30.8
14.9
15.9
12.5
4.5
8.0
18.5
6.0
12.5
30.4
14.7
15.7
12.3
4 4
7.9
18.1
5.7
12 5
30.1
14.4
15.7
12.3
4 5
7.9
18.2
5.8
12.4
30.1
14.4
15. 7
12.2
4.3
7.8
18.1
5.8
12.3
29.6
14.1
15.5
12.2
4.3
7.9
18.5
6.1
12.5
29 3
13.8
15 4
12.2
4 2
8.0
18.4
5.9
12.5
29 1
13.6
15 5
12.3
4 3
8.0
17.9
5.5
12 4
28 7
13.2
15 5
12 2
4 3
80
17.8
5 4
12 4
29 0
13.3
15 7
' 12 4
'29 6
13.7
r
15 9
' 12.4
17.8
5 3
r 12 4
r
12.6
31.0
15.1
15.9
12.4
4.5
7.9
18.4
6.0
12.4
8.3
18. 1
' 5.5
!2. 6
30 2
14. 1
16 0
12 0
39
81
17.9
5 4
12 5
92.6
93.2
93.5
93.4
93.3
93.1
93.0
92.7
92.4
92 0
91.7
'91.0
91.1
54.7
31.9
22.7
55.0
32.1
22.9
55.1
32.2
22.9
54.9
32.0
22.9
55.0
32.1
22.9
54.7
31.8
22.9
54.4
31.4
23.0
54.0
31.1
22.9
53.7
30 9
22.9
53 7
30 8
22 9
53.6
30 7
22.9
53.3
30.3
23.0
53.4
30.2
23.2
12.9
6.8
6.1
25.0
J1.6
13.3
13.1
6.9
6.2
25.2
11.8
13.4
13.0
6.9
6.1
25.3
11.8
13.5
13.0
7.0
6.1
25.4
11.9
13.5
13.1
7.0
6.1
25.2
11.7
13.6
13.1
6.9
6.2
25.3
11.8
13.6
13.2
6.9
6.3
25.4
11.9
13.5
13.3
6.9
6.4
25.4
11.9
13.5
13.2
6 8
6.4
25.4
11.9
13.5
13 1
6 7
6 4
25.2
11 6
13 6
13.2
6 7
6.5
24.9
11.4
13 5
13.3
24.4
'10.9
' 13.5
13.3
6.7
6.6
24.4
10.9
13.5
29.46
Mfg and trade sales (seas, adj.), totali
Manufacturing total
Durable goods industries
Nondurable goods industries
_-
do
do
do
Wholesale trade total
do
Durable goods establishments
do
Nondurable goods establishments
-do
Retail trade total
do
Durable goods stores
do_
Nondurable goods stores
do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Sales value (unadjusted) total
bil of dol
4.7
7.9
18.9
6.3
r 4 2
r8 2
r4 1
r
r
6.7
6.6
30.82
30.84
31.56
27.89
30.75
31.10
31.06
29.65
28.79
27 69
27 42
'31.28
do
- do.
do
do. __
do
do
15.15
2.31
1.47
1.68
4.83
1.88
15.23
2.25
1.40
1.73
4.79
1.88
15.61
2.19
1.34
1.81
5.03
2.04
13. 05
1.78
1.10
1.63
4.25
1.70
14.09
1.97
1.18
1.89
4.64
1.97
14. 58
1.96
1.16
1.83
4.87
2.11
14.71
1.91
1.14
1.68
4.76
2.10
14.14
1.80
1.04
1.54
4.58
1.95
13.74
1.72
.99
1.46
4.74
2.02
12 59
1.81
1 07
1.39
4 35
1.79
12 58
1 71
99
1 36
4 48
1 83
' 14. 58 ' 13. 97
1.94
'1.96
1.15
1.15
1.53
••1.60
r
4.78
5.10
2 02
1.86
Transportation equipment
_
do
Motor vehicles and parts
do
Lumber and furniture
do
Stone clay and glass
do
Nondurable goods industries, total 9
- do
Food and beverage
do
Tobacco
- do
Textile
do
Paper
do
Chemical
do
Petroleum and coal
do
Rubber
do
Sales value (seas adj ) , total
do
Durable goods industries total 9
do
Primary metal
do
Iron and steel
do
Fabricated metal
do
Machinery (including electrical)
do
Electrical
do
Transportation equipment
do
Motor vehicles and parts
do
Lumber and furniture
do
CT
Stone clay and
lass
do. __
Nondurable goods industries, tota!9
do
Food and beverage
- do
Tobacco
do
Textile
do
Paper
- -- do
Chemical
do
3.57
2.26
.90
.74
15.67
4.54
.37
1.18
1.04
2.45
3.13
.54
31.03
15.00
2.31
1.47
1.69
4.83
2.01
3.36
2.04
.93
.75
16.02
4.72
.39
1.26
1.03
2.38
3.26
.53
3.64
2.31
.92
.79
15. 60
4.65
.42
1.19
1.05
2.47
3.02
.55
30.99
15. 06
2.24
1.40
1.75
4.78
1.94
3.49
2.21
.94
.75
15.92
4.63
.40
1.29
1.04
2.35
3.18
.55
3.66
2.26
.95
.82
15. 95
4.80
.43
1.25
1.07
2.39
3.15
.56
30.78
14.88
2.01
1.18
1.76
4.74
1.95
3.60
2.29
.91
.76
15.89
4.63
.40
1.27
1.05
2.35
3.18
.52
2.91
1.73
.77
.73
14.84
4.57
.39
1.05
.98
2.10
3.11
.48
30.44
14.73
2.11
1.30
1.73
4.77
1.94
3.41
2.14
.87
.75
15.72
4.63
.38
1.23
1.08
2.30
3.19
.48
2.62
1.46
.97
.83
16.67
4.88
.45
1.30
1.15
2.40
3.26
.51
30. 15
14.42
1.98
1.18
1.70
4.70
1.93
3.35
2.15
.87
.73
15.72
4.66
.41
1.20
1.09
2.33
3.17
.48
3.04
1.74
.90
.80
16. 52
5.01
.41
1.29
1.13
2.45
3.16
.50
30.09
14.41
1.92
1.14
1.65
4.66
1.94
3.57
2.28
.81
.73
15.67
4.69
.39
1.20
1.09
2.30
3.20
.51
3. 54
2.33
.86
.78
16.35
4.97
.40
1.28
1.10
2.36
3.16
.53
29.60
14. OS
1.79
1.06
1.53
4.59
1.93
3.63
2.42
.78
.70
15.52
4.70
.39
1.15
1.04
2.26
3.23
.49
3.62
2 27
.79
.70
15. 52
4.70
.43
1.21
1.05
2.17
3.17
.46
29.25
13.81
1.79
1.04
1.57
4.61
1.87
3.30
1.99
.79
.70
15.44
4.66
.42
1.13
1.05
2 22
3.19
.50
3.50
2.12
72
.60
15.05
4.60
,40
1.09
.98
2.07
3.44
.45
29.14
13.62
1.75
1.00
1.58
4.58
1.89
3.15
1.87
.80
.70
15.51
4.74
.39
1.14
1.06
2.26
3.22
.47
2.87
1. 71
.68
.58
15.10
4.52
.38
1.04
1.04
2.23
3.33
.45
28. 67
13. 17
1.76
1.03
1.55
4.65
1.90
2.77
1.53
. 74
.69
15.50
4.73
.41
1.08
1.06
2.26
3.23
.45
2.82
1 63
.67
58
14.85
4 51
.36
1 08
1.02
2 12
3.07
.42
29.03
13 39
1 81
1 06
1.56
4 65
1.93
2 83
1 59
73
.70
15.71
4.87
.41
1 10
1.08
2 30
3 18
.46
3.20
1.91
.79
r. 75
.68
' 16. 70 15.48
r
4.52
4. 94
.42
.38
' 1.22
1.10
1.13
'1.17
2.47
'2.51
3.09
'3.27
.50
'.50
' 29. 55 30. 19
' 14. 15
r 13. 69
1.95
'1.79
1.05
1.17
1.60
'1.60
r
4.85
4. 71
1.94
2.01
T
3 15
3 02
1.83
'1.64
.77
.81
'. 73
.68
16.04
'15.86
4.81
'4.80
.42
.41
r
1.16
1 18
1.15
'1.10
2.42
'2.38
r
3 24
3 08
.49
'.49
Durable goods industries total 9
Primary metal
Iron and steel
Fabricated metal
Machinery (including electrical)
Electrical
*15 2
'3.29
'1.85
.79
*14 6
Rubber
do
Inventories, end of month:
54.22
54.34
54.48
54.97
53.90
54.26
54.88
' 53. 81 53.73
54.07
54.40
54.77
54 08
Book value (unadjusted), total
do
32. 25
30.81
31.18
30.88
31.73
32.18
32.14
31.40
31. 57
31.75
30.91 ' 30. 77 30.63
Durable goods industries, total 9
do
4.68
4.71
4.54
4.71
4.70
4.58
4.64
' 4. 52
4.48
4.61
4.69
4.45
4.57
Primary metal
do
2.82
2.82
2.66
2.81
2.84
2.67
2.76
2.75
2.83
2.71
2.5$
2 71
' 2.68
Iron and steel
do
3.12
3.04
3.46
2.98
3. 31
3.46
3.42
3.02
3.03
2.97
3.19
3.39
3.00
Fabricated metal
do
10.48
10.33
10.76
10.72
10.56
10.27
10.33
10.40
10.32
10.38
10. 26
10. 66
'10.37
Machinery (including electrical)
do
3.96
3.98
4.04
4.04
4.12
3.91
3.94
4.09
4.06
3.94
'3.98
4.00
4.00
Electrical
. -do
7.16
7.42
7.28
7.20
7.26
7.28
7.05
'6.83
6.70
7.06
6.97
7. 59
6.98
Transportation equipment
_
do_ __
3.12
3.21
3.32
3.17
3.14
3.30
3.01
3.27
'2.96
2.87
3.15
3.10
3.07
Motor vehicles and parts
do
1.92
1.88
1.90
1.94
1.92
1.88
'1.84
1.84
1.83
1.90
1.93
1.86
1.85
Lumber and furniture
_ __ do
1.39
1.48
1.44
1.39
1.40
1.40
1.46
1.48
1 47
1.49
1.45
1.43
Stone clay, and glass
do
1 48
By stages of fabrication:
8.2
8.4
8.6
8.5
8.6
8.5
8.5
8.6
8.5
7 9
7.8
7 6
8.0
Purchased materials
do
12.1
12. 5
12.1
12.4
12.3
12.5
12.7
12.6
12.1
12.2
12.3
12.7
12 1
Goods in process
do
10.6
10.5
10.5
10.6
10.5
11.1
10.8
10.9
10.9
10.7
10.9
10.8
Finished goods
do
11.0
23.04
22.72
22.66
'23.05
22.94
22.75
22.69
23.16
23.10
23.19
23.09
22.70
22.64
Nondurable goods industries, total 9 _.
do
5.18
5.24
5.26
5.06
4.69
4.72
5 02
4 94
4.93
4.66
4.67
4.90
5. 13
Food and beverage
do
2.08
2.02
2.00
2.14
1.85
1.93
1.94
2.10
2.05
2.01
1.87
1.83
1.99
Tobacco
_ .
do ._
T
2.58
2.63
2.78
2.72
2 77
2 81
2.86
2. 71
2.53
2.66
2.57
2 75
Textile
do
2.76
1.61
1.62
1.63
1.63
1.62
1.61
1.66
1.60
1.60
Paper
_
do
1.59
'1.66
1.67
1.60
4 27
4 27
4 23
4 19
4 14
4 08
4 09
4 10
4 03
Chemical
do
4 14
4 28
4 11
4 10
3.32
3 24
3.24
3.32
3.42
3.41
3.22
'3 26
3.29
3. 35
3.39
3.27
3 28
Petroleum and coal
do
1.14
1.18
1.18
Rubber. __ _ _
_ _ _ _ do .
1.22
1.17
1. 16
1.13
1.16
1.13
1.21
1.20
'1.16
1.17
By stages of fabrication:
9.1
8.9
8.9
8.9
9.0
9.0
8.8
8.8
8.8
9.0
8.9
Purchased materials
do __
8.7
8.9
3.1
3.0
31
31
3 2
31
3.1
3 2
3 2
3 2
Goods in process
do
31
31
3 2
11.2
11.1
11.1
11.1
11.1
10.6
11.1
10.8
10.4
10.9
10.6
Finished goods
do_ __
'11.0
10.7
' Revised. 1 Advance estimate. §The term "business" here includes only manufacturing and trade. Business inventories as shown on p. S-l cover data for all types of producers, both
farm and nonfarm.
Unadjusted data for manufacturing are shown below; those for retail and wholesale trade on pp. S-9, S-10, and S-ll.
o* For inventory-sales ratios, see p. 20 of this SURVEY.
J See corresponding note on p. S-9.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
June 1961
S-5
1961
1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
April
May
June
July
August
Septem- October Novem- December
ber
ber
January
February
March
April
May
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
Inventories, end of month— Continued
Book value (seas adj ) total
54.66
54 95
55.10
54 90
54 98
54 71
54 38
54.01
53.74
53 67
53.60
'53.31
53. 37
do
do
do
do
do
do
31.92
4.63
2.77
3.32
10.53
3.96
32 07
4.70
2.84
3.35
10 60
4.00
32 23
4.80
2.95
3.34
10 64
4.04
32 05
4 75
2.87
3.33
10 58
4.04
32,08
4. 71
2.82
3.34
10 59
4.08
31 84
4.64
2.74
3 27
10 53
4.06
31 43
4.57
2.68
3. 18
10 44
4.01
31 07
4.52
2.63
3.10
10 35
3.98
30.86
4.50
2.62
3.12
10.40
4.02
30 76
4.49
2.63
3.02
10 32
3.98
30 65
4.51
2. 66
3.02
10 98
3.96
- r30. 30
4. 47
- 2.66
2.95
r
10. 25
-3.96
30.16
4.52
2.73
2.92
10 22
3.93
-
do
do
do
do
7.58
3.26
1.85
1.42
7.52
3 26
1.85
1.43
7.46
3 28
1.89
1.44
7.34
3 28
1.90
1.44
7.36
3 30
1.92
1.44
7.24
3 32
1.94
1.46
7.10
3. 13
1.96
1.46
7.02
3 03
1.93
1.43
6.85
3 01
1.84
1.44
6.92
3 03
1.85
1.44
6.86
2 93
1.85
1.43
-6.69
- 2.85
-1.84
1.41
6. 60
2.83
1.83
1.43
_ _ _
do
do
do
8.8
12.6
10.5
8.8
12.7
10.6
8.7
12.8
10.7
8.6
12.6
10.8
8.6
12.6
10.9
8.4
12.4
11.0
8.3
12.2
10.9
8.1
12. 1
10.9
8.0
12.1
10.8
8.0
12.1
10.7
8.0
12 1
10.6
-7.9
- 11.9
10.5
7.8
11.9
10.5
do
bll of dol
Durable goods industries total 9
Primary metal
Iron and steel
_
Fabricated metal
Machinery (including electrical)
Electrical
Transportation equipment
Miotor vehicles and parts
Lumber and furniture
Stone clay and glass
By stages of fabrication:
Purchased materials
Goods in process
Finished goods
-
- -
Nondurable goods industries total 9
Food and beverage
Tobacco
Textile
Paper
Chemical
Petroleum and coal
Rubber
By stages of fabrication:
Purchased materials
Goods in process
Finished goods
-
22.73
22.88
22.87
22.85
22 90
22 87
22 95
22 93
22.88
22 91
22 95
- 23. 01
23.22
do
do
do
do
do__
do
do
4.85
1.95
2.72
1.55
4.08
3.35
1.19
5.00
1.96
2.71
1.58
4.08
3.34
1.18
4.99
1.95
2.70
1.59
4.11
3.30
1.20
4.94
1.94
2.69
1.61
4.14
3.29
1.23
4.95
1.94
2 67
1.63
4.18
3 29
1.24
4.98
2.00
2 64
1.64
4.16
3.26
1.20
5. 01
2.03
2 64
1.65
4.18
3.28
1.16
4.96
2.02
2 66
1.65
4.18
3.30
1.14
4.98
2.03
2 67
1.63
4.13
3.31
1.12
5.00
2.01
2 70
1.62
4.17
3.29
1.13
5.01
1 98
2 73
1 63
4.19
3 32
1.13
5.06
1.98
2.76
- 1.62
4.19
-3.37
-1.12
5.12
1.98
2.78
1.63
4.26
3.37
1.15
do
do
do
9.1
3.1
10.5
9. 1
3.1
10.6
9.1
3.1
10.6
9.1
3.2
10.6
9.0
3.2
10.7
8.9
3.1
10.9
8.9
3. 1
11.0
8.8
3.1
11.0
8.7
3.1
11.1
8.7
3.1
11.1
8 7
30
11 2
8.8
3.0
11.2
8.9
3.1
11.2
do
29.70
30.21
31.48
27.91
30.56
31.05
30.04
29.02
28.33
27.58
27 68
- 31. 35
29.97
Durable goods industries total 9
do
Primary metal
do _
Iron and steel
- do
Fabricated metal
_
do
Machinery (including electrical)
do
Electrical
- do
Transportation equipment (including motor vehicles)
bll. of dol
14.10
1.68
.92
1.68
4.82
1.84
14. 59
1.99
1.19
1.72
4.73
1.84
15. 52
1.84
1.07
1.71
5.24
2.37
13.17
1.67
1.00
1.64
4.39
1.86
14.10
1.80
1.02
1.89
4.62
2.04
14.63
1.89
1.13
1.72
4.88
2.32
13.80
1.74
.99
1.62
4.45
1.87
13.59
1.77
1.02
1.46
4.27
1.75
13.33
1.65
.97
1.33
4.59
2.02
12. 35
1.85
1.18
1.38
4.25
1.67
12 76
1.85
1 10
1.38
4 46
1.79
- 14. 51
-2.12
1.27
-1.62
- 5.16
-1.99
- 14. 34
2.06
1.24
1.51
4.77
1.90
3.21
3.39
3.80
2.82
2.90
3.31
3.31
3.52
3.58
2.63
2.82
-2.97
3.42
Nondurable goods industries, total
Industries with unfilled orders ©
Industries without unfilled orders f
do...
do
do
15.61
3.37
12.24
15. 62
3.46
12.16
15.96
3.52
12.44
14.73
3.01
11.72
16.46
3.49
12.97
16.42
3.57
12. 85
16.24
3. 52
12.72
15. 42
3.35
12.08
15.00
3.14
11.87
15.24
3.25
11.98
14.91
3 19
11 72
- 16. 84
-3.73
- 13.11
15.63
3.48
12.14
do
New orders net (unadjusted) total
_
30.35
30.47
30.11
29.19
30.01
30.40
29.21
29.02
28.70
28.50
29.11
- 29. 85
30.72
Durable goods industries, total 9
- - do
Primary metal
_ __
do._
Iron and steel
do
Fabricated metal
do
Machinery (including electrical)
do
Electrical
_ _ _ _
do ._
Transportation equipment (including motor vehicles)
-- bil. of dol.
14.47
1.81
.99
1.71
4.76
1.88
14.68
1.96
1.15
1.70
4.75
1.88
14.34
1.78
.99
1.68
4.69
2.03
13.84
1.89
1.17
1.59
4.52
1.89
14.41
1.84
1.05
1.74
4.81
2.21
14. 62
1.85
1.12
1.54
4.75
2.23
13. 74
1.64
.97
1.48
4.40
1.86
13.60
1.75
1.03
1 56
4.59
1.82
13.22
1.77
1.06
1.46
4.67
1.93
12.88
1.81
1.14
1.52
4.54
1.83
13 36
1 75
1 03
1 49
4 59
1 88
- 13. 82
- 1.88
1.10
- 1 62
-4.76
- 1.88
- 14. 58
2.19
1.33
1 56
4.79
1.99
3.49
3.52
3.46
3.20
3.33
3.82
3.69
3.06
2.83
2.66
3 07
-3.02
3.45
Nondurable goods industries, total
Industries with unfilled orders ©.
Industries without unfilled orders ^
15.88
3.33
12.55
15.79
3.42
12.37
15.77
3.43
12.34
15.35
3.17
12.18
15.61
3.39
12.22
15.78
3.58
12.20
15.47
3.31
12.16
15.42
3.82
12.10
15.48
3.31
12.17
15.62
3.36
12.27
15. 76
3 30
12 46
- 16. 03
- 3. 54
- 12 48
16.14
3.54
12 60
48.38
New orders, net (seas, adjusted), total
do ..
_-do._.
do
Unfilled orders , end of month (tinadj.), total
do
Durable goods industries, total 9-do
Primary metal
_ _ _
do
Iron and steel
do
Fabricated metal
_
_
- __do
Machinery (including electrical)
do
Electrical
do
Transportation equipment (Including motor vehicles)
.
_ _ b i l of dol
Nondurable goods industries, total ©
..do
47.75
47.68
47.69
47.50
47. 45
46.44
45.80
45. 37
45.27
-45 52
- 45. 59
46 11
45.23
4.64
3.24
3.20
17.97
9.90
44.59
4.38
3 04
3.18
17 91
9 86
44.50
4.03
2.77
3.08
18.12
10.19
44.62
3.92
2.67
3.10
18. 26
10.35
44.64
3.74
2.50
3.10
18.24
10.43
44.68
3.67
2.47
3.00
18. 25
10 63
43.77
3.50
2.32
2.94
17.94
10.40
43.23
3.47
2 30
2.86
17 62
10 20
42.85
3.41
2.28
2.73
17.48
10 21
42.60
3.45
2.38
2.73
17.38
10 09
' 42. 79 - 42. 72
- 3.75
- 3 59
r 2 50
2 62
- 2 78
2 75
- 17 42
17 36
r 10 04
- 10 01
- 43. 09
3 87
2 71
2 75
17 41
10 04
14.80
14.55
14.69
14.60
14.89
15.16
14.93
14.83
14.93
14.70
r 14 70
- 14 39
14 61
3.15
3.17
3.18
3.07
2.86
2.77
2.66
2.57
2.52
2.67
- 2 73
- 2 87
3 02
15, 530
16, 676
14, 676
14, 993
14, 007
1,370
1 273
1,334
1,146
1,315
1,269
1,344
1 311
1 353
1,404
1 449
121
220
215
674
140
69, 192
7,065
13, 661
18, 483
18, 563
11,420
131
214
229
564
135
73, 307
6 095
10 877
31, 963
17 588
6,784
103
213
228
680
110
126, 450
22, 597
18,613
41,111
28 497
15, 632
102
192
173
573
106
61, 732
3 993
11,073
21, 080
20 470
5, 116
128
217
228
621
121
97, 594
5 940
27, 874
33, 097
22 556
8, 127
113
218
218
604
116
80, 604
12 715
14 417
23,011
23 080
7 381
132
231
229
613
139
81, 508
16 644
17 877
16, 104
20 894
9 989
111
2'>8
231
617
124
463
309
683
887
493
091
110
245
231
637
130
971
579
104
878
199
211
121
219
228
685
151
81, 520
4 128
11 231
26 111
28 688
11 362
116
9
62
229
693
149
54.9
54.1
57.2
54.8
59.6
65.2
63.3
63.4
61.1
BUSINESS POPULATION
Firms in operation, end of quarter (seasonally adjusted) §
thousands
4,710
New business Incorporations (49 States) cf t-_ number. . 15,446
INDUSTRIAL AND COMMERCIAL FAILURES^1
Failures, total ._ _ _
_ _
number
Commercial service..
Construction
Manufacturing and mining
Retail trade
Wholesale trade
_
Liabilities (current), total. __ _
Commercial service
Construction
_ _ _
Manufacturing and mining
Retail trade
Wholesale trade
_
_
do
do
_ _ do
do
do
thous. of dol
do
_
do
do
do
- - do
Failure annual rate (seas. adj.). No. per 10,000 concerns.
2
13, 760
2
12, 412
84
7
16
28
92
9
62.0
2
14,579
78
3
28
18
90
8
H4 9
H2.8
4 740
4,730
4,725
U4.9
2
16,340
2
2
13, 258 - 16, 751
1 610
1 441
1 545
135
266
271
786
152
622
344
283
579
185
231
131
24 *
238
704
123
114
093
127
215
562
117
193
255
9
69
701
167
471
798
162
944
7"(\
88 083 126
6 941
13
H' 943 20
23 160
26
30 646
51
12 393
15
64.2
2 14, 782
62.9
86
7
13
23
32
10
60.8
80
6
19
18
94
10 791
64.3
March, 32; April, 33.
'
9 Includes data not shown separately. ©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.
§Data for 1956 appear on p. 13 of the May 1960 SURVEY; those for
1957 for
forward,
on p. 5 of this issue of the SURVEY.
Digitized
FRASER
cf Data
are from Dun & Bradstreet, Inc.
JRevisions for 1947-58 to include data for Hawaii are available upon request.
http://fraser.stlouisfed.org/
594464°—61
4
Federal Reserve Bank of St. Louis
SUEVEY OF CUEEENT BUSINESS
S-6
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
June 1961
1960
April
May
June
July
1961
August
Septem- October Novem- December
ber
ber
January
February
March
April
May
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
242
'240
'235
'236
234
'238
'241
241
242
241
244
243
239
236
'224
do
_ _ do __
do
__do __
'242
244
158
209
'225
'248
'247
158
209
221
'220
'250
158
199
'222
'225
265
156
194
'219
' 196
273
152
196
222
' 192
'272
152
197
'222
'212
267
147
200
'219
'219
254
136
204
217
220
243
141
204
218
'212
233
146
207
221
'210
227
150
209
224
'217
240
150
208
226
'228
249
145
202
230
233
250
151
203
do __
do
- do __
do
'213
216
'258
494
'217
218
'241
'495
'238
216
'209
494
235
213
'219
'491
'240
211
' 195
'488
'270
208
181
'510
'273
209
165
'513
'262
213
181
'517
248
217
181
'517
254
231
178
508
'260
250
172
517
260
264
161
'516
250
286
178
'516
261
285
176
517
Livestock and products
_ do _
Dairy products
do
Meat animals
- do
Poultry and eggs
_ _ _
do
"Wool
do
Prices paid:
All commodities and services
do
Family living items
_ _ _ _ do _ _
Production items
--do
All commodities and services, interest, taxes, and
wage rates (parity index)
1910-14=100
257
244
'311
163
250
252
237
'309
' 154
253
248
'235
'303
' 149
248
249
244
'300
' 149
240
247
254
290
' 154
230
251
269
285
' 163
225
'257
'277
'286
' 176
222
'260
'282
'288
' 182
219
263
278
'298
178
226
261
'271
304
165
221
263
'263
309
169
224
259
'256
309
160
226
'251
'247
305
145
231
241
241
292
139
239
' 277
291
268
277
291
267
275
290
265
275
290
263
274
290
262
274
290
263
290
262
274
291
262
275
291
265
276
291
267
277
291
267
277
290
'269
277
290
267
277
291
266
302
301
299
298
298
298
297
297
298
301
302
302
302
302
80
80
79
' 79
79
80
81
81
81
80
81
80
79
78
126.2
126.3
126.5
126.6
126.6
126.8
127.3
127.4
127.5
127.4
127. 5
127.5
i 127. 5
129.8
123.7
117.4
119.4
112.1
149.4
129.7
123.8
117.3
119.4
111.9
149. 6
129.7
124.0
117.6
119.8
111.5
149.7
129.9
124.2
117.7
120.0
111.1
150.0
130.1
124.1
117.6
119.9
111.0
150.3
130.3
124.3
117.7
120. 3
110.0
150.8
130.7
124.8
118.2
120.7
110.9
151.2
130.8
125.0
118.3
120.9
110.7
151.3
130.8
125.0
118.4
121.0
110.8
151.4
130.6
124.8
118.0
120.7
110.2
151. 7
130.8
125.0
118.1
120.8
110.3
151. 9
130.9
125.0
118.0
120. 7
109. 9
152.2
130.8
125.0
117.9
120.4
110. 7
152. 3
_
- do
do
do
do
- do
108.9
119. 5
115. 3
129.9
109.3
108.9
119.7
115.0
132.9
109.7
108.9
120.3
115.0
136. 1
110.3
109. 1
120.6
115.8
134.4
110.8
109.3
120.1
116.6
127.3
111.3
110.6
120.2
117.5
124.6
110.2
111.0
120.9
118.4
124.8
110.0
110.7
121.1
118.9
126. 2
109.9
110.6
121.4
119.3
126.3
110.5
109.4
121.3
119.1
126. 1
111.6
109. 6
121.4
119.0
127.2
111.8
109.8
121.2
118.5
127.8
111.4
109. 5
121.2
117.9
131.4
110.5
Housing 9
Gas and electricity
Housefurnishings . __ _ _ _ _ _ _ _
Rent
Medical care
Personal care
do
_ do
_ _ _ _ do
do
do
_ do
131.4
124.4
104.7
141.4
155. 5
132.9
131.2
124.7
104. 3
141.4
155.9
133.2
131.3
124.7
104.3
141.6
156. 1
133.2
131.3
124.8
104.1
141.8
156.4
133.4
131. 5
124.9
103. 5
141.9
156. 7
133.8
132.0
125.7
104.1
142.1
156. 9
133.9
132.2
125.7
104.0
142.5
157.3
134.0
132.1
125. 7
104.0
142.7
157. 9
133.9
132.3
125. 6
103.9
142.8
158.0
133.7
132.3
125.9
103.6
142.9
158. 5
133.7
132.4
125. 9
103.7
143.1
159. 4
133.8
132.5
125.9
103.9
143.1
159.6
133.6
132.3
125. 8
103. 8
143.3
159.9
133.8
do
_ do
do
_ do
do
121.1
146. 1
134.4
198.0
131.9
121.4
145. 6
133.9
198.0
131.9
121. 1
145. 8
134.1
198.3
132.0
121.6
1 45. 9
134.2
198.9
132.2
121.9
146. 2
134.4
199.3
132.4
122.1
144.7
132.8
200. 3
132.7
121.9
146.1
134.1
201.2
132.7
122.5
146.5
134.4
202.9
132.7
122.3
146.5
134.5
202.9
132.7
122.2
146. 2
134. 0
205. 5
132.6
122.7
146.2
133.9
205. 7
132.6
123.4
145.7
133.4
205. 7
132.6
124. 1
145.8
133.4
206.5
132.6
120.0
119.7
119. 5
119.7
119.2
119.2
119.6
119.6
119.5
119.8
119.9
119.8
'119.3
119.0
93.3
126. 8
120.7
Prices received, all farm products?
1910-14 =100_ .
Commercial vegetables
Cotton
Feed grains and hay
Food grains
Fruit
_
Oil-bearing crops
Potatoes (incl. dry edible beans)
Tobacco
Parity ratio §
do
CONSUMER PRICES
(U.S. Department of Labor indexes)
All items
1947-49=100
Special group indexes:*
All items less food
do
All items less shelter
do
All commodities
do
Nondurables
do
Durables
do
Services
do
Apparel
Food 9
Dairy products
Fruits and vegetables
Meats, poultry, and
Reading and recreation
Transportation
_
Private
Public©
_ _
Other goods and services
fish
-_
WHOLESALE PRICESd1
(U.S. Department of Labor indexes)
All commodities
1947-49=100
By stage of processing:
Crude materials for further processing
_ do_
Intermediate materials, supplies, etc
_ do
Finished goodsO.
_ do
By durability of product:*
Nondurable goods
do
Durable goods.
_
do _
96.3
127.6
121.4
96.0
127.1
121.2
95.3
127.0
121. 1
94.8
127.0
121.8
92.7
126. 8
121.5
92.9
126.8
121.5
93.3
126. 6
122.4
93.0
126.5
122.7
93.3
126.4
122.2
94.5
126. 7
122. 3
95.2
126. 6
122. 5
95.2
126.8
122.1
94.4
' 126. 8
' 121.2
105.6
146.5
105.2
146.1
105. 2
145. 8
105.6
145.6
104.9
145. 5
105.3
144. 5
105.8
144.9
105.8
145.0
105. 6
145. 0
106. 2
144. 8
1 06. 5
144.7
106. 2
144.8
' 105. 4
' 144. 9
104.8
144.9
Farm products 9 _ _ _ _
__
_ do _
Fruits and vegetables, fresh and dried
do
Grains _
_..
_ _ __ _ _ _ _ do
Livestock and live poultry
do
91.1
111.5
79.4
85.7
90.4
116.9
77.8
85.8
89. 0
109.7
77.5
85.1
88.9
112.9
75.5
84.1
86. 6
98.7
74.3
80.7
87.7
104.7
74.9
79.0
89.5
109.2
73.5
80.7
89.9
107.5
70.3
81.8
88.7
99.5
72.7
82.8
89.7
106.7
75.3
84. 8
90.3
103.9
75.9
85.8
90.1
110. 1
76.2
83.7
88.1
101.7
73.5
82.9
87.0
106.2
74. 5
79.3
Foods, processed 9 do
Cereal and bakery products, _
__ _ _ do _.
Dairy products and ice cream
_
do _
Fruits and vegetables, canned and frozen
do
Meats, poultry, and
fish
do
106.8
120. 9
115. 6
105. 8
96.7
107.3
121.2
114.9
106.3
98.5
107. 6
121.2
116.0
106.9
98.1
108.9
122.5
117.3
107.3
99.5
107.8
122.0
118.0
106.6
96.8
108.1
122.4
120. 5
107.7
96.0
109.0
123.1
121. 3
108.8
97.8
109.1
123.1
121.7
109.4
96.6
109.2
123. 5
122.0
110. 1
97.3
109.8
123. 5
121.2
112.3
98.3
110. 5
123. 6
119.7
112.6
100.2
109.6
123.6
120.4
112.2
96.7
109.0
123.6
119. 4
111.7
95.3
107.9
123.6
118.9
109.6
92.8
Commodities other than farm prod, and foods__do
128.7
128.2
128.2
128.2
128.2
127.9
128.0
127.9
127.9
128.0
128.0
128.1
' 127. 9
127.8
Chemicals and allied products 9 _ _ do _.
Chemicals, industrial
do
Drugs and Pharmaceuticals, __
_ do
Fats and oils, inedible
do
Fertilizer materials
do
Prepared paint
^do
110.2
124.5
94.5
51.7
108.8
128.3
110.2
124.6
94.8
50.2
108.8
128.3
110.2
124. 6
9M
47.9
108.8
128.3
110.4
124.7
95.1
47.8
110.4
128.4
110. 5
124. 6
95. 4
48.9
108.2
128.4
110.4
124.5
95.0
47.7
108.3
128.4
110.3
123. 6
94.4
47.8
111.2
128. 4
110.3
123.5
94.1
48.9
111.9
128.4
110.4
123.5
94.1
48.5
111.9
130.3
110.0
123. 1
94.2
50.1
112.2
131. 5
110.4
123.3
94.7
54.3
112.1
132.1
110. 6
123. 4
94.7
57.1
112.0
132.1
110.8
123.4
94.7
' 61. 1
112.0
132. 1
110.7
123.1
94.7
61.0
112.0
132.1
Fuel, power, and lighting materials 9 do
Coal
_
doElectric power
January 1958=100
Gas fuels
do
Petroleum and products .
.1947-49=100
112.2
119. 0
101. 8
115.6
115.4
110.8
118. 7
101.7
111.6
113.6
112.3
119.5
101.8
112. 2
11(5.0
113.8
120.3
102.0
114.4
117.9
115.3
121.3
102. 1
116.6
120. 0
116.1
122. 4
102.1
121.3
120.7
116. 2
122.5
102.1
120.9
121.0
116.1
123.0
102.4
120.2
120.6
116.2
123.1
102.3
120.0
120.8
117. 3
1 23. 5
.102.3
121.1
122.4
117.8
123.5
102. 2
122.3
123.1
117.5
122.8
102.4
121.7
122.8
115.7
119.0
102. 5
117.8
120.6
113.6
116.1
102.4
118.1
117.6
122.9
122.5
122.6
122.2
122.3
123.5
123. 0
122.4
122.2
122.6
122.8
123.1
123.2
122.7
Furniture, other household durables 9
do___
99.8
100.6
101.7
99.7
100. 9
101.7
101.1
99.8
100.0
100.9
103. 1
102. 1
100. 4
100. 1
Appliances, household.._ do _.
126. 1
124.9
124. 9
126. 2
125.7
125.9
125.0
125. 0
126. 0
125. 7
125.0
125. 0
126.0
125. 6
Furniture, household
do
84.2
84.3
87.1
87.8
87.
1
84.3
84.6
86.
1
86.1
84.6
84.6
85.3
84.2
87.8
Radio receivers and phonographs ._
do_
69.0
68.9
68.9
69.0
67.9
69.3
69.3
68.9
69.0
69.0
69.0
68.7
68.9
69.0
Television receivers _
do _
r
Revised.
1 Index based on 1935-39=100 is 213.2.
{Revised beginning January 1958 to incorporate price revisions for individual commodities; revisions for January 1958-March 1960
will he shown later (revisions for 1952-57 appear on p. 24 of the November 1959 SURVEY).
§Ratio of prices received to prices paid (including interest, taxes, and wage rates). *Xew series;
data prior to August 1958 are available upon request.
9 Includes data not shown separately.
©Revised beginning January 1958; revisions prior to December 1959 will be shown later.
cPFor actual" wholesale prices of individual commodities, see respective commodities.
0 Goods to users, including raw foods and fuels.
SURVEY OF CUREENT BUSINESS
June 19G1
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-7
1961
1960
April
May
June
July
Novem- DecemAugust SeptemOctober
ber
ber
ber
January
February
March
April
May
COMMODITY PRICES—Continued
WHOLESALE PRICEScf— Continued
U.S. Department of Labor indexes— Con.
Commodities other than farm, etc.— Con.
Hides, skins, and leather products 9 _ 1947-49=100..
Footwear
_
do
Hides and skins
do
Leather
__
do
Lumber and wood products
do
Machinery and motive products 9
Agricultural machinery and equip
Construction machinery and equip§
Electrical machinery and equipment
Motor vehicles
do
do
do
do
do
Metals and metal products 9
Heating equipment
Iron and steel
Nonferrous metals
do
do
-do _
do
125. 7
111.2
132.5
72 9
103.5
123 7
124 9
110.3
132. 5
67.1
103.0
122.4
123.1
110. 1
132.5
68.0
102.2
121.5
121.6
108.7
132.5
63.6
98.9
119.6
119.2
108.1
132.5
62.3
97.5
118.7
117 9
108. 5
132.5
64 1
98.1
117 7
116 3
108.5
132. 5
65.8
97.1
116.9
115 1
108.8
132. 5
64 9
99.4
116 5
115 0
108.3
132. 7
62.7
97.9
115.7
114.3
108.2
132.8
62.3
97.5
114.9
113.4
109.8
132.7
71.2
100.1
115.8
114.6
110. 3
132.8
'70.7
102.1
'118.2
' 116.8
111.2
132.8
73.7
103. 9
118.0
117.2
153.7
145.6
174.7
154 9
141.6
153 3
145 7
175.3
153 3
141 6
153. 2
145. 9
175. 3
153.3
141.6
153.3
146. 0
175.5
153.5
141.6
153 3
146.1
176.7
153. 3
141.6
151 4
146 2
176.7
152 7
135.4
152 9
146 7
176.7
152 6
140 3
153 0
148 2
177.3
152 4
140. 5
153 1
148 0
177.0
152 4
140.7
153.2
148.5
177.6
' 152.2
140.7
153.1
148.6
178. 1
152.0
140. 5
153.0
148.6
178.1
152.1
140.2
' 152. 3
152.3
148.7
178.3
149.9
140.3
154.5
120. 1
170.5
140. 5
154.2
120 2
170 4
140.0
153. 8
120. 0
169.9
138.9
153.4
118.7
169.5
138.6
153.6
118.8
169.9
138.7
153. 5
119.3
169.7
138.4
152 8
119 3
168 9
137.1
152.3
118.4
168.5
135.5
152.2
116 8
168.6
133.9
152.3
115. 3
169. 5
131.9
152.5
115.1
170.0
132.0
152.8
114.8
170.6
132.4
r 153.
112.1
133.5
73.5
104. 7
124.3
' 148. 6
178.2
r 149. 9
140.3
115.4
170.9
132.7
153.4
115. 5
170.2
134.9
1
Nonmetallic minerals structural 9
Clay products
Concrete products
_ __
Gypsum products
do
do
do
do
138. 3
161.5
131.3
133. 2
137 9
161 7
131.5
133.2
137.8
161.7
131.3
133.2
137.8
161.8
131.3
133.2
137.8
162.0
131.1
133.2
138 0
162.1
131.0
133.2
138 1
162 2
131.0
133.2
137.9
162.3
131.0
133.2
137 9
162 3
131.0
133.2
138.6
162.1
131.2
134.9
138.4
162.1
130.9
134.9
138.7
162.1
131.1
134.9
138.7
162.1
131.3
134.9
138.6
161.4
131.4
134.9
Pulp paper, and allied products
Paper
Rubber and products
Tires and tubes
do
do. _
do
do
133.1
145.1
144.7
137.0
133 4
145.9
146 3
137.0
133.5
145.9
146.7
137.0
133.5
145.9
146.9
141.3
133.0
145.2
145.3
141.3
133.0
145.4
144.9
141.3
133 4
145.7
144 7
141.3
133.1
145.7
143.6
141.3
132.3
145. 7
141 2
137.1
132.6
145. 7
140.1
137.2
132.8
145.7
140.2
137.1
132.1
145.7
140.7
137.1
'131.7
' 145. 3
140.7
138.3
131.5
145. 3
141. 1
138.3
Textile products and apparel 9
Apparel
Cotton products
Silk products
_
Manmade fiber textile products
Wool products
do
do
do
do
do
do
96.3
100.7
95 0
118. 0
79.4
102.7
96 3
100 6
94 8
118.7
79.7
102.4
96.3
100.8
94.8
121. 6
79.6
102.1
96.3
101.0
94.7
123.3
79.6
101.8
96.1
101.0
94.3
126. 8
78.9
101.5
95 9
101.1
93 4
128.4
78.6
101.2
95 8
101.1
92 8
128.5
78.5
101.1
95 4
101.0
91 7
125.9
78.2
101.3
95 2
101 0
91 2
125. 7
77.8
100.8
95.0
100.7
90.7
130.8
77.4
100.0
94.8
100. 6
90. 1
129.3
77.5
99.8
94.7
100.6
90.1
129.5
77.0
99.3
94.4
' 100. 6
89 8
129. 5
'76.8
100. 0
94.4
100. 5
89.9
131. 5
76.7
101.0
Tobacco prod, and bottled beverages 9
Beverages, alcoholic _
Cigarettes
Miscellaneous
Toys, sporting goods.. _
do
do
do
do
do
131.7
120.6
134. 8
95.4
118.3
131.7
120.6
134 8
91.1
118.3
131.7
120. 6
134.8
90.9
118.3
131.8
120.6
134.8
90.8
118.6
132.0
121.1
134.8
89.9
118.5
132.0
121.1
134.8
91.1
118. 6
132.0
121.1
134 8
90.3
118.6
132. 0
121.1
134.8
90.6
118.6
132.1
121.2
134.8
92.4
118.6
132. 1
121.2
134.8
95. 4
118.9
132.1
121.3
134. 8
94.6
118.9
132.1
121.3
134.8
95.7
119.4
132.1
121.2
134.8
96.1
119.6
132.1
121.2
134.8
97.9
119.6
00 0
83.5
79.2
83.7
79.1
83.5
79.0
83.9
79.0
83.9
78.9
83 6
78.6
83.6
78.5
83.7
78.4
83.5
78.5
83.4
78.4
83.5
78.4
83 8
*78.4
1
_-
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
Consumer prices
1947-49=100.
do
79.2
84 0
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACEf
New construction (unadjusted), totalf
Private, total 9
mil. of dol_.
_ . do
Residential (nonfarm) 9
do
New housing units
do
Additions and alterations
do
Nonresidential buildings, except farm and public
utility, tota!9
mil. of dol._
Industrial
_
do
Commercial
do
Farm construction
_
_ _
do
Public utility
do
Public, total
_ _
4,192
4,648
5,008
5,184
5,241
5,244
5,063
4,810
4,458
3,816
3,611
' 3, 909 ' 4, 289
4,773
3,022
3,265
3,474
3,580
3,559
3 543
3,484
3 390
3 126
2 722
2 572
' 2 772 ' 3 030
3 292
1,727
1 281
378
1,885
1 352
460
2,022
1 476
469
2,089
1 526
483
2,050
1 524
446
2 023
1 492
450
1,949
1 443
424
1 879
1 392
400
1 700
1 267
343
1 412
1 048
274
1 287
926
271
' 1 448 ' 1 676 1 849
r i 058
' 1 185 1 285
'300
'399
467
749
224
297
102
425
784
222
321
111
462
833
224
348
118
476
860
231
354
122
482
871
238
351
123
489
889
248
358
116
489
912
256
372
106
490
923
263
382
98
463
896
265
365
81
426
853
266
338
71
363
826
260
327
83
355
806
248
324
'93
' 403
789
235
318
' 108
435
822
227
344
122
475
do
1,170
1,383
1 534
1,604
1,682
1 701
1 579
1 420
1 332
1 094
1 039
do
do
do
do
378
88
356
348
394
103
515
371
419
126
586
403
459
114
637
394
444
135
6«7
416
446
143
693
419
443
135
604
397
408
157
494
361
392
112
507
321
389
88
291
396
356
109
267
307
New construction (seas, adj., annual rates), totalf._do
54, 166
55, 260
55, 189
55, 390
55, 298
55, 325
54, 736
55, 430
56, 135
55, 262
54, 846 ' 55, 177
38, 722
38, 916
39 103
39, 035
38 660
38 697
38 331
38 581
38 598
37 810
37 096 ' 37 801 r
21, 930
22, 180
22, 362
22, 308
21, 783
21, 716
21, 228
21, 428
21, 490
20, 338
19, 671 ' 20, 287 ' 21, 265 21,728
9,948
2,772
4,056
1,324
5, 256
9,828
2,760
3,960
1,328
5,316
9, 754
2,788
3,881
1,324
5 405
9,821
2,868
3,870
1,267
5,364
9,962
2,934
3 922
1,240
5 406
10, 173
3,041
4 036
1 246
5 285
10, 313
3,084
4 133
1 225
5 261
10, 335
3 036
4 198
1 125
5 282
10, 393
2 982
4 307
1 114
5' 320
10, 712
3 031
4 516
1 036
5 393
10, 749
3 037
4 536
1 094
5 26?
do
15, 444
16, 344
16, 086
16, 355
16 638
16 628
16 405
16 849
17 537
17 452
17 750
do
do
do
4, 560
1,236
5,304
Nonresidential buildings
Military facilities ._
Highway
Other types
Private, total 9
_
do
Residential (nonfarm)
do
Nonresidential buildings, except farm and public
utility, total 9
mil. of dol__
Industrial
do
Commercial.
do
Farm construction
do
Public utility.. .
do
Public, total 9
Nonresidential buildings
Military facilities.
Highway
r I
' 1 259 1 481
137
'
'
r
'
403
T H9
271
r 344
436
111
339
373
443
109
523
406
' 55, 323 56, 461
3$ g3g
10, 446
10, 593
2 986
2 910
4 323
4 413
' 1 240 ' 1 417
5 362
5 406
39 264
10, 295
2 394
4 242
1 501
5 476
' 17 376 ' 16 485 17 197
4 902
4 811
5,083
4,692
4,698
4 878
5 043
5 109
5 114
5 218 ' 5 215 ' 5 268 5 278
1 265
1 283
1 200
1 392
1 354
1 430
1 819
1 453
1 285
' 1 841 r 1 t\\£\
1 0AC
...
6,168
T 5 nsQ
5,768
5.639
.< Q«Q
fi Q*U
6. 660
6 470
5. 791
5. 600
6!l21
5.987
& f\K9
' Revised.
1 Indexes based on 1935-39=100 a^e as follows: Measured by—wholesale prices, 44.0 (May); consumer prices 46 9 (April)
c^See corresponding note on p. S-6.
9 Includes data not shown separately.
§ Revised beginning with data for September 1955; unpublished revisions (prior to November 1958) will be shown later.
t Revised series. Data (from Bureau of the Census} reflect the new definition and higher level of housing starts and include construction in Alaska and Hawaii- comparable figures for 1959
are available in Census reports.
'
SUKVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
June 1001
1960
April
May
June
July
1961
DecemOctober NovemAugust September
ber
ber
January
February
March
April
May
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION CONTRACTS
Construction contracts in 48 States (F.W. Dodge Corp.) :
Valuation, total
mil. of dol _
3, 360
3,337
3,472
3,597
3,295
3,119
3,319
2,886
2,718
2,485
2,235
3,166
3,298
Public ownershiD
Private ownership
By type of building:
Nonresidential
Residential
Public works
Utilities
do
do
1,067
2,293
1, 025
2,312
1,237
2,236
1,413
2,184
1,018
2,277
995
2,124
1,125
2,194
1,071
1,815
1,218
1,500
838
1,647
732
1,504
1,090
2,075
1.170
2,128
do
__do
do
-do
1,048
1,480
654
178
1,110
1.453
494
281
1,110
1,483
693
186
1,152
1,329
794
321
1,177
1,433
520
165
1,124
1,277
544
173
1,165
1,390
647
117
916
1,253
566
152
994
878
735
110
813
974
400
298
804
870
394
167
1,027
1,371
625
142
1,050
1,454
639
154
Engineering construction:
Contract awards (ENR)§
-do
1, 755
1,803
2,885
2,005
1,859
2, 232
1,796
1,775
1,875
1,661
1,360
1,912
1,817
1, 789
8, 406
335
5, 482
2,589
9,963
309
6,202
3,452
11,069
1,284
5,784
4,000
10,637
1, 526
5, 230
3, 881
11, 216
684
6,366
4,166
7,446
405
3,829
3,212
8,541
635
4,461
3,445
11,208
207
7,045
3,957
12,101
361
9,012
2,727
i 123, 743
2, 163
i 16, 099
i 5, 480
10, 522
202
7,232
3, 088
10, 482
110
5,994
4,378
125.2
102.3
123.5
130.0
101.6
127.3
127.3
101.5
122.2
114. 9
90.6
111.1
129.6
102.9
124.8
102.0
79.9
96.4
110.4
85.1
107.6
96.0
71.4
94.3
72.1
49.0
65. 4
72.5
52.5
69.9
'80.7
' 110. 1
' 57. 3
82.6
'75.8
' 105. 1
' 116. 1
127.3
'111.9
124.0
123.4
82.8
121.7
128.2
90.7
125.5
125. 7
83.6
120.6
113.2
79.7
109.4
127.5
85.1
122.7
100.0
67.6
94.4
107.4
74.1
104. 5
95.0
66.3
93.4
71.6
50.9
64.9
71.0
51.3
68.4
'77.4
'55.7
'72.5
' 107. 7 '113.8
' 78. 3
82.1
' 102. 7 ' 109. 6
125. 0
1, 327. 0 1, 333. 0 1, 302. 0
1, 307. 0 1,315.0 1, 285. 0
1, 182. 0
1, 164. 0
1, 292. 0
1,273.0
1,062.0
1,040.0
1, 236. 0 1, 216. 0
1, 200. 0 1, 203. 0
979.0
970.0
r
Highway concrete pavement contract awards: cf
Total
thous. of sq yd
Airports
do
Roads
do
Streets and alleys
do
HOUSING STARTSf
New housing units started: f
Unadjusted:
Total, incl. farm (public and private). .thousands. _
One- family structures
do
Privately owned
_ __
_
do
Total nonfarm (public and private)
-_ do__
In metropolitan areas
do
Privately owned
_ _ __do
Seasonally adjusted at annual rates:
Total incl farm (private only)
Total nonfarm (private only) __
__
do
do
121. 7
1,105.0 '1,184.0 '1,314.0 ' 1, 200. 0 1, 298. 0
1, 078. 0 ' 1, 133. 0 '1,282.0 '1,176.0 1, 276. 0
CONSTRUCTION COST INDEXES
1947-49=100..
143
143
144
143
143
144
144
144
144
144
144
144
' 145
144
1913=100
_ do
do
do
do
717
789
778
674
693
719
789
778
674
696
720
789
778
674
696
722
789
778
671
704
723
789
779
671
704
727
803
787
679
704
728
803
795
681
706
73^
80u
795
690
710
731
806
796
691
710
732
806
808
691
710
733
806
808
695
710
733
807
808
696
713
735
808
808
696
713
737
808
808
696
721
Associated General Contractors (building only)__do
E. H. Boeckh and Associates:!
Average, 20 cities:
Apartments, hotels, and office buildings:
Brick and concrete
U.S. avg. 1926-29=100
Brick and steel
do
Brick and wood
do
Commercial and factory buildings:
Brick and concrete
___ _
do
Brick and steel
do
Brick and wood
do
Frame
do
Steel
.
do
Residences:
Brick
do
Frame
do
Engineering News-Record:©
Building
1947-49=100
Construction
_.do _
Bu. of Public Roads— Highway construction:
529
530
535
537
538
537
538
538
538
539
536
538
538
542
312.0
302. G
298.0
313.3
302.7
298.9
314.6
303.2
299.1
314.7
302.7
298.5
314.6
302.4
297.9
315.1
302.7
297.9
315.0
302.5
297.2
315.0
302.4
297.0
315.1
302.4
296.8
315.6
302.5
296. 4
315.7
302.5
296.4
315.9
302.7
296.4
316.2
302.9
296.6
320.1
305.0
298.7
324.1
321.4
298.2
294.6
304.9
325. 6
322.6
299.1
295. 6
305.6
327.1
322.2
299.8
296.0
303.2
327.7
321.3
299.2
295.6
301.3
327.6
320.8
298.8
294.7
300.5
328.2
321.1
298.9
294.4
300.8
328.1
321.0
298.5
293. 5
300.8
328.1
320.8
298.4
293.3
300.4
328.2
320.8
298.2
293.0
300.3
329.0
320.8
298.2
292.2
300.1
329.1
320.9
298.2
292.3
300.1
329.1
320.8
298.1
292.0
300.1
329.5
321.2
298.1
292.4
300.4
334.6
324. 0
300.8
294. 5
300.5
299.0
288.7
299.9
289.5
300. 5
289. 8
300.0
289.2
299.5
288.5
299.6
288.3
298.9
287.5
298.7
287.3
298.5
287.1
298.2
286.5
298.2
286.5
298.2
286.4
298.4
286. 7
300. 9
288.4
165.5
181.6
165.9
182.5
166. 4
183.1
166.3
183.3
166.4
183.4
166.0
183.1
165.9
183.2
166.1
183.3
166.5
184.2
166.5
184.2
166.5
184.1
167.1
184.9
168.3
187.0
168.8
187.7
Department of Commerce compositet
American Appraisal Co., The:
Average, 30 cities
Atlanta.. _
__ __ .
New York
San Francisco.
._
St. Louis
._
._
_
136. 6
133.7
135.0
133.4
CONSTRUCTION MATERIALS
Output index, composite, unadj. 9 ©
Seasonally adjusted 9 ©
1947-49=100..
do
Iron and steel products unadj ©
Lumber and wood products unadj ©
Portland cement unadj
do
do
do
r
' 147. 8
r
138. 5
r 129. 8
' 148. 4
' 134. 7
r
' 134. 7
139. 5
144.8
191.4
r 149. 6
141.2
191.0
' 130. 8
118.5
191.3
' 142. 0
145.5
199.0
' 133. 8
136.5
186.2
322, 483
155, 139
364, 909
174, 557
362, 163
160, 340
416, 954
180, 818
1,574
1,770
1,674
1,151
1,232
1,397
404
461
286
435
509
288
471
598
328
2,366
3,918
2,500
4,001
98, 106
86, 940
r 137. 4
r
135. 1
r 134. 6
140.0
161.6
144. 1
' 134. 4
r
139. 5 '131.6
' 133. 7 "•116.4
r
'116.9
' 122. 4
' 102. 8
' 104. 0
' 120. 5 ' 111.6
99.5
113.2
126. 0
129.9
188.1
' 111.6
117.6
158.0
'95.3
104.9
122.7
' 100. 8
112.5
100.2
425, 124
169, 070
433, 655
162, 077
403, 684
150,404
390, 257
141,867
410, 350
131, 648
340, 975
107, 754
347, 557
124, 837
317,678
108, 649
1,696
1,736
1,735
1,741
1,981
1,571
1,496
1,477
1,576
1,268
1,413
1,316
1,250
1,140
' 1, 150
969
'1,001
' 1, 356
1,304
408
569
291
430
651
332
402
591
323
394
545
311
332
508
300
'367
'460
'323
285
400
285
'288
'395
'318
'427
'515
'414
2,690
4,514
2,528
4,289
2,784
4,347
2,598
4,814
2,525
4,512
2,378
4,740
2,338
4,973
2,075
1,997
2,444
82, 829
82, 998
90,037
81, 845
92,730
84, 340
101, 903
117,252
116,606
109, 222
94.7
' 109. 9
90.0
128.4
130.7
REAL ESTATE
Home mortgages insured or guaranteed byFed. Hous. Adm.: Face amount
thous. of dol... 335, 700
152, 633
Vet. Adm.: Face amount
do
Federal Home Loan Banks, outstanding advances to
1,558
member institutions... .
mil. of dol
New mortgage loans of all savings and loan associations, estimated totalj
mil. of dol
By purpose of loan:}
Home construction
do
Home purchase
do
All other purposes .. _
do
New nonfarm mortgages recorded ($20,000 and under),
estimated total
mil. of dol
Nonfarm foreclosures
number
Fire losses.
_
_
thous. of dol
414
504
386
95, 486
' Revised.
1 For January-March 1961.
§ Data for June, September, and December 1960 and March 1961 are for 5 weeks; other months, 4 weeks. Contracts in Alaska and Hawaii are
included beginning 1960.
of Data for May, August, and November 1960 are for 5 weeks; other months in 1960, 4 weeks.
t Revised series.
Data (from Bureau of the Census} are based on a different definition of a housing unit and reflect more complete coverage than the old series and inclusion of starts in
Alaska and Hawaii; approximately comparable figures for 1959 are available in Census reports.
{Revisions for Dept. of Commerce construction cost index (prior to 1958) and for new mortgage loans (1955-November 1959) will be shown later.
^Copyrighted data; see last paragraph
headnote, p. S-l.
©Data reported at the beginning of each month are shown here for the previous month.
9 Includes data for items not shown separately.
©Revisions for 1955-56
forof
FRASER
for the composite index of construction materials output and for lumber and wood products are in the September 1959 SURVEY (p. 20); revisions for 1957-March 1960 will be shown later.
Digitized
SURVEY OF CURRENT BUSINESS
June 1961
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-9
1960
April
May
June
July
1961
August SeptemOctober November
ber
December
January
February
March
April
May
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, seas, adjusted:
Combined index
1947-49=100
Business papers
_ _ _ _ do __
Magazines
do
Newspapers
_
Outdoor
Radio (network)
Television (network)
_ _
do
do
- do
1950-52= 100..
- -
Television advertising:
Network:
Gross time costs total
thous. of dol
Automotive, including accessories _ __ __ do
Drugs and toiletries
do
Foods soft drinks confectionery
__do
Soaps cleansers, etc
- do
Smoking materials
do
All other
-- do
Spot (national and regional) :
Gross time costs Quarterly total
_ _ _ do
Automotive including accessories
_ _ d o _ __
Drugs and toiletries
do
Foods, soft drinks, confectionery
do
Soaps cleansers etc
Smoking materials
All other
-
238
256
191
245
258
195
243
242
193
247
250
195
236
259
179
235
251
181
246
247
208
234
244
175
235
235
181
234
227
194
229
225
186
236
221
187
209
160
19
473
225
166
23
472
220
171
27
492
203
166
28
547
198
169
25
502
205
164
22
492
203
170
21
507
202
166
22
513
209
147
18
500
206
149
18
479
190
140
24
505
212
135
23
520
55, 923
4,527
14, 896
10,782
55, 500
5, 056
15, 108
10, 059
52, 971
3,588
16, 175
10,043
55, 778
3,796
14 508
8,786
50 867
3,174
16 888
9 575
51, 415
4,022
1 4, 791
9,203
63, 350
7.177
17 365
11,931
63, 982
5,452
16,574
12, 274
60, 685
4, 652
17,990
12,218
61
4
18
13
6,089
6,486
13,144
5,755
6,410
13, 112
5, 768
6,651
10, 747
4,377
5, 464
18, 848
5 619
6, 254
9 358
6,234
6,365
10, 800
6, 225
6,148
14, 505
6,070
6, 240
17, 372
5,421
7,030
13, 375
6 506
6 8H
11 802
!
-
Magazine advertising:
Cost, total
Apparel and accessories--.
Automotive incl accessories
Building mpterials
Drills and toiletries
Foods, soft drinks, confectionery
125 012
4, 664
22. 582
37, 853
21,569
8, 535
46, 720
do
do
- do
1
!
160, 648
6, 372
27, 220
50, 232
:
-
17, 407
7 656
34 850
8°4
919
690
093
T
57 071
63 583
3,701
3,944
'T 16 797 18 408
12,675
14, 114
r
6 736
6,049
11 114
7 788
6, f 03
12 725
163, 060
5,139
32, 472
56, 598
U51 328
3,991
31, 060
56, 618
16,056
8 457
44, 338
16 808
7 547
35 304
do
--do
do
- do _
do__ _
do
88, 366
6, 534
11, 599
5, 446
6, 509
10, 709
86, 863
6,548
10, 353
4,839
7,650
10,115
69, 372
2,779
7,763
3, 515
7,762
9,929
51, 260
742
5,639
2,118
6, 257
7,816
51, 089
5, 265
4 048
1, 905
5, 683
7,541
69, 563
8,697
3 215
4,139
6,221
8,724
98, 071
6,841
14 739
3,374
8,828
13, 144
82, 400
5,182
9 697
1,950
7,407
10, 353
64, 714
3, 575
5 341
800
6,440
9,403
48, 883
1,468
6 825
1 555
3,899
8,032
64, 501
3, 126
7 498
2 073
5, 548
11,364
77, 026
5,590
8 157
2 767
7 176
11, 554
83, 453
6,543
8 614
4 290
6,742
11,792
78 734
5,779
7 600
3 585
7*189
10,830
do
do
do _
do
do
do. .,
4,324
8,546
5,657
1,205
2,093
25, 745
4,594
8,812
5,929
1,076
2,464
24, 482
3,967
5,930
5,238
722
1,981
19, 787
3,344
3,142
3,870
585
2,092
15, 654
2,682
3, 005
3.531
528
2,082
14, 820
3, 857
5, 524
4 969
5,293
8, 253
6, 355
5,771
7,322
4, 865
7,467
4.422
3 529
2 687
2,003
1 897
3 336
3,052
2 755
4 312
4, 675
3 590
4 425
6,722
4 382
4 458
6, 700
4 716
1,918
21, 595
2,259
28, 119
2,517
26, 514
2,611
20, 775
1 676
18, 395
2 527
22, 429
2 696
25 701
2 234
26, 764
2 189
24 971
thous. of lines -
5,492
4,961
4,002
3,619
4,457
5,314
5,914
4,787
4,060
2
2
256, 329
Newspaper advertising linage (52 cities), total. ..do
65, 827
Classified .
do
Display, total
_.
do _ _ . 190,501
273, 697
69, 808
203, 889
250, 556
65,011
185, 545
217,418
63, 504
153,914
224, 124
63, 563
160, 561
240, 074
60, 905
179,169
265, 798
63, 434
202, 364
256, 625
55, 626
200, 999
238, 724
48, 260
190, 464
195. 666
53, 552
142 115
188,582
50, 045
138 537
236, 150
57, 833
178 318
241,811
60, 353
181, 458
17, 092
do
4,442
do
do ... 31,448
137, 520
do
18, 274
4,117
36, 032
145, 465
18, 018
4,796
30, 786
131, 945
12 124
4, 852
23, 240
113 697
11 905
3,408
21, 977
123 271
12 253
3 802
28, 782
134 333
17 012
4 844
36, 341
144 166
13 148
4 343
34, 119
149 390
8 507
4 610
24, 803
152 545
11
6
19
105
9
4
22
101
12
4
29
131
13 137
5' 127
30 959
132 235
Beer, wine liquors
- _ __
Household equip., supplies, furnishings
Industrial materials
Soaps cleansers etc
Smoking materials
- All other
_
Linage, total
_
Automotive
Financial
General
_
Retail
_. _
_
704
867
823
351
445
9 206
038
722
003
352
792
9 878
779
067
779
913
807
2
10 908
765
654
046
853
946
2
718
10, 288
PERSONAL CONSUMPTION EXPENDITURES
Seasonally adjusted quarterly totals at annual rates:f
Goods and services, total
_ _ _ bil. ofdol-
329.0
328.3
330 8
328 8
44.5
18.9
18.7
42.7
17 5
18.3
43 2
18 5
18 0
39 2
14 8
17 6
do
do _
do ...
do
153.5
28.3
81.4
11.7
152.7
28.2
80.7
11.7
152.9
27 6
81 5
11.8
153 0
27 4
81 6
11.7
do
do. ..
do ..
do
130.9
19.1
42.5
10.5
132.9
19.3
43. 1
10.5
134.7
19.6
43 8
10.5
136.6
19.9
44 3
10.6
Durable goods, total 9
- - do
Automobiles and parts
_
do
Furniture and household equipment- ._ _do ...
Nondurable goods, total?
Clothing and shoes _
Food and alcoholic beverages...
Gasoline and oil
Services, total 9
Household operation
Housing
Transportation
RETAIL TRADE
All retail stores:
Estimated sales (unadjusted), totalf
__
mil. of dol..
19, 200
18, 548
18,918
18,066
18,153
17,898
18, 648
18, 385
22,153
15,803
15,071
Durable goods stores 9
do
Automotive group ..
_ _
do
Motor- vehicle, other automotive dealers.do
Tire, battery, accessory dealers
do
6 351
3,755
3, 527
6 397
3,689
3,466
6 618
3,736
3,495
5 773
3,098
2, 870
5 952
3,221
3, 003
5 613
2 864
2,661
6 013
3 232
3,027
5 814
3 174
2,976
6 091
2 9Q8
2,731
4 634
2 676
2,526
4 479
2 587
2,438
Furniture and appliance group
.do
Furniture, homefurnishings stores __
do
Household-appliance, TV, radio stores.. do
835
545
290
872
568
304
915
573
858
539
898
580
881
561
919
600
927
606
1,123
696
723
445
682
431
Lumber, building, hardware group
Lumber, building materials dealerscf
Hardware stores
do
do
do. .-
981
731
250
1,042
Nondurable goods stores?
Apparel group... _ _ _ _ _ _ _ _
_ _
Men's and boys' wear stores
_
Women's apparel, accessory stores
Family and other apparel stores
Shoe stores
do
do _
do_ do
do
do
12, 849
1,360
12,151
1,084
198
436
244
206
228
229
526
318
287
223
789
253
241
228
218
342
319
318
1,108
1,036
1,082
852
256
12, 300
1,097
799
237
858
224
12, 293
957
12, 201
1 016
203
320
1,027
800
227
12, 285
1 142
205
319
198
321
267
150
427
278
149
' 17, 934 ' 17, 463 3 18, 638
T 5 467 ' 5 445 3 fi n^j
r 3 190 ' 3 124 3 3 421
' 3, 007 2,924
200
'183
'776
r
488
'288
'766
491
251
'820
'625
' 195
880
668
212
1,036
812
224
932
723
209
892
601
291
659
493
166
632
475
157
12, 635
1 183
12, 571
1 190
16,062
1 979
11,169
886
10, 592
775
3855
275
' 12, 467 ' 12, 018 3 12, 584
r \ 191
1 025 3 i 107
228
179
177
192
229
219
187
440
r 200
146
187
r 457
406
370
394
443
464
467
347
749
315
400
221
256
246
274
314
295
202
528
179
'302
241
207
187
199
233
183
202
262
135
150
'232
197
' Revised.
1 Not comparable with data through 1st quarter 1960 due to change
in
estimating
procedures; figures comparable with 1st quarter 1960 are as follows (thous. dol.) • 1960—2d quar2
ter, 174,245; 3d quarter, 135,013; 4th quarter, 176,105; 1961—1st quarter, 164,487.
Beginning January 1961, data represent ad page volume; comparable figures for 1960—January 9 743- February, 11,147; March, 11,966; April, 11,378. 3 Advance estimate.
t Revised series. Revisions for 1957—March 1959 appear on p. 17 of the July 1960 SURVEY.
9 Includes data not shown separately.
I Beginning January 1960, data were revised to reflect changes (principally in the 11-or-more stores group) in the reporting sample and kind of business classification based on data
from the 1958 Census of Business; the revised figures are not strictly comparable with earlier data which are based on the 1954 Census (revisions for January 1960 will be shown later)
d" Comprises lumber yards, building materials dealers, and paint, plumbing, and electrical stores.
SURVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
June 1901
1960
April
May
June
July
August
1961
Septem- October Novem- December
ber
ber
January
February
March
April
May
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All retail stores— Continued
Estimated sales (unadjusted)— Continued}
Nondurable goods stores— Continued
Drug and proprietary stores
mil. of dol
Eating and drinking places
do
Food group
do
Grocery stores
-do
Gasoline service stations
do
607
1, 308
4,586
4,129
1,457
611
1,380
4,365
3,911
1,489
603
1,418
4,501
4,037
1,524
607
1,497
4,691
4,220
1,587
613
1,480
4,405
3,948
1,568
608
1,394
4,517
4,073
1,470
627
1,379
4,516
4,060
1,505
608
1,305
4,433
3,970
1,455
818
1,352
5,087
4,579
1,511
606
1,229
4,287
3,860
1,381
588
1, 135
4,173
3,747
1,282
'627
'1,282
4,702
4, 233
1,429
'610
1,309
4,494
4,038
1,460
1639
1,381
4,568
4,090
1,536
2,094
1,219
149
340
383
1,858
1,074
143
295
373
1,903
1,116
135
304
385
1,712
970
117
292
420
1,925
1,102
154
314
400
1,941
1,141
149
305
398
2,093
1,241
165
318
404
2,237
1,316
222
327
421
3,604
2,104
258
674
637
1. 456
829
120
222
359
1,417
796
117
239
341
1,921
1,105
163
312
'374
1,812
1,053
134
289
373
1,985
1,148
Estimated sales (seasonally adjusted), totalt-do
18, 860
18, 428
18, 466
18,118
18, 201
18,104
18, 543
18, 398
17, 887
17, 773
17, 795
'18,127
'17,914
i 18, 122
Durable goods stores 9
do
\utomotive group
do
Motor- vehicle, other automotive dealers. do
Tire battery accessory dealers
do
6,257
3,564
3,334
230
6,043
3,376
3,158
218
5,982
3,341
3,130
211
5,662
3,006
2,797
209
5,765
3,211
3,016
195
5,779
3,177
2,971
206
6,076
3,405
3,203
202
5,917
3,348
3,150
198
5,488
2,970
2,757
213
5,359
2,848
2,651
197
5,348
2.890
2,687
203
Furniture and appliance group
do
Furniture homefurnishings stores
do
Household-appliance, TV, radio stores. _do
916
585
331
907
577
330
882
560
322
902
576
326
872
557
315
888
570
318
895
580
315
841
541
300
840
541
299
844
528
316
812
509
303
'833
'515
'318
870
545
325
Lumber building hardware group
Lumber building materials dealers c^
Hardware stores
do
do
do
982
737
245
970
736
234
967
738
229
962
726
236
942
725
217
911
690
221
936
719
217
916
713
203
895
674
221
913
689
224
900
682
218
'944
'720
'224
902
689
213
do
do
do
.do
do
do
12, 603
1,179
219
455
281
224
12, 385
1,129
218
436
276
199
12, 484
1,137
220
438
277
202
12, 456
1,134
208
452
267
207
12, 436
1,180
227
461
279
213
12, 325
1,134
215
448
262
209
12, 467
1,124
213
450
266
195
12, 481
1,130
211
444
283
192
12, 399
1,100
210
425
278
187
12,414
1,144
224
442
281
197
12, 447
1,130
211
441
277
201
do
do
do
do
do
623
1,377
4,424
3,966
1,496
619
1,345
4,531
4,069
1,451
619
1,359
4, 567
4,104
1,461
629
1,351
4,482
4,018
1,474
628
1,319
4,508
4,048
1,463
632
1,337
4,456
4,013
1,465
637
1,344
4, 507
4,048
1,481
638
1,346
4,594
4,127
1,464
633
1,358
4,502
4,062
1,502
615
1,340
4,563
4,115
1,465
629
1,339
4,590
4,122
1,473
'634
1,390
4,603
4,128
1,491
631
1,376
4,556
4,087
1,496
do
do
do
do
do
2,123
1,240
166
329
409
1,947
1,114
150
331
404
1,986
1,148
150
331
417
2,016
1,186
152
324
416
1,988
1,139
154
338
418
1,985
1,148
152
324
406
2,033
1,201
160
317
397
1,980
1,131
166
330
418
1,991
1,173
157
311
391
1,950
1,112
152
329
422
1,998
1,159
149
331
405
2,039
1,172
168
334
'407
2,036
1,193
161
325
407
do
do
do
25, 790
12, 290
13, 500
25, 800
12, 360
13, 440
25, 340
12, 180
13, 160
25, 100
11, 990
13, 110
24, 960
11, 480
13, 480
25, 020
11,040
13, 980
25, 890
11,550
14, 340
26, 380
11,800
14,580
24, 380
11, 420
12, 960
24, 250
11, 480
12, 770
'r 24, 690 ' 25, 030
25, 160
11, 560
11,500
11,500
' 13, 130 ' 13, 530 13, 660
do
do
do
do
do __
24, 960
11, 630
4,970
2,030
2,290
25, 200
11,760
5,100
2,020
2,300
25, 320
11,820
5, 140
2, 050
2, 310
25, 420
11, 900
5,180
2,090
2,280
25, 200
11.650
4; 920
2, 100
2, 270
25, 340
11. 760
5,070
2,060
2,290
25, 360
11,900
5,240
2,030
2,290
25, 420
11,930
5,300
2,040
2,270
25, 440
11, 930
5,270
2,000
2,280
25, 160
11,610
4,960
1,960
2,290
' 24, 900
11, 380
4,770
1,950
2,270
do__.
do
do
do
13, 330
2,710
3,070
4,220
13, 440
2,730
3,060
4,280
13, 500
2,740
3,040
4,360
13, 510
2,750
3,040
4,390
13, 550
2,780
3, 040
4,420
13, 580
2,790
3,020
4,410
13, 460
2,780
3,000
4,320
13, 490
2,780
2,990
4,370
13, 510
2,810
3, 050
4,320
13. 550
2,850
3, 060
4,290
' 13, 510
do
4,932
4,479
4,650
4,552
4,556
4,757
4,904
4,970
6,800
4,107
4,044
' 5, 047
4,754
do
4,422
4,011
4,182
4,110
4,094
4,250
4,343
4,387
6,003
3,534
3,472
4,334
4,065
do
do
do
do
369
34
142
121
280
27
114
85
289
31
113
89
237
22
96
71
262
21
108
78
299
24
117
96
309
31
125
85
312
34
129
80
511
58
213
123
200
23
76
62
186
18
76
57
328
29
128
102
263
24
106
83
. do
do
do
115
93
34
113
95
37
118
97
41
118
101
35
115
100
38
118
95
37
122
96
41
120
91
45
187
91
44
113
84
28
108
80
29
121
92
36
118
93
35
._ do
do
do ._.
do -..
do
do
1,344
822
267
1,867
69
88
1,191
724
230
1,687
76
89
1,248
770
238
1,753
82
95
1,124
678
225
1,868
79
89
1,266
760
245
1,691
84
85
1,258
775
234
1,836
80
78
1.301
842
243
1,786
81
82
1,453
877
253
1,747
70
80
2,321
1,370
523
2,093
57
108
910
548
164
1,695
48
59
897
534
179
1,669
47
62
1,240
747
241
1,930
57
78
1,183
732
22?
1,782
60
87
do
General merchandise group 9
Department stores, excl. mail-order—
Mail-order (catalog sales)
Variety stores
Liquor stores
_ _
do
do__
do
do
.do
Nondurable goods stores 9
Apparel group
Mien's and boys* wear stores
Women's apparel, accessory stores.
Family and other apparel stores
Shoe stores
Drug and proprietary stores
Eating and drinking places
Food group
Grocery stores
Gasoline service stations
.-
General merchandise group 9
.
Department stores excl mail-order
M^ail-order (catalog sales)
Variety stores
Liquor stores
Estimated inventories, end of month:
Book value (unadjusted), total
Durable goods stores
Nondurable goods stores
.
Book value (seas. adj. ), 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 4 or more stores :t
Estimated sales (unadjusted), total
Firms with 11 or more stores :J
Estimated sales (unadjusted), total 9
Apparel group 9
Men's and boys' wear stores
Women's apparel accessory stores
Shoe stores
Drug and proprietary stores
Eating and drinking places
Furniture homefurnishings stores
General merchandise group 9 ..
Department stores, excl mail-order
Variety stores
Grocery stores __
Lumber, building materials dealerscf
Tire battery accessory stores
' 5, 547 ' 5, 438
' 3, 044
2,953
' 2, 838
2,746
'206
207
' 24, 410 24, 410
' 10, 950 10,910
' 4, 380
4,340
'1,950
1,940
2,250
2,240
r
13, 460
2,790
2,750
3,090
3,120
' 4, 260 ' 4, 280
13,500
2,780
3,110
4,290
4,216
4,152
4,224
4,259
4,248
4,249
4,264
4,269
4,245
4,195
4,262
4,352
4,283
292
29
117
88
288
29
113
85
289
29
116
84
293
28
116
81
303
31
121
88
297
30
119
87
298
30
122
86
295
29
121
85
279
27
113
79
289
30
116
88
293
29
120
88
299
29
119
92
287
26
109
80
do
do
do
121
96
35
116
94
38
120
94
41
122
94
40
120
93
38
123
93
38
124
94
38
125
94
39
124
91
37
122
90
36
123
90
33
124
94
36
125
95
37
1,292
1,280
1,282
1,308
1,304
1,306
1,250
1,277
1,303
1,295
1,250
General merchandise group 9
do
772
770
760
800
768
807
793
795
736
800
745
Department stores, excl. mail-order... _ do. ._
264
252
246
253
256
259
248
237
246
248
258
Variety stores
do
1.822
1,795
1,790
1,763
1,800
1,788
1,811
1,808
1,760
1.817
1,808
Grocery stores
do
70
70
69
71
70
70
70
67
67
68
69
Lumber, building materials dealerscf do
82
79
83
83
82
84
83
83
81
86
79
Tire, battery, accessory stores
do
l
' Revised.
Advance estimate.
JSee corresponding note on p. S-9 (total for firms with 4 or more stores did not revise; revisions occurred in components).
separately.
cfComprises lumber yards, building materials dealers, and paint, plumbing, and electrical stores.
1,339
793
258
1, 835
67
89
1,329
812
249
1,795
62
90
A pparel group 9
Men's and boys' wear stores
Women's apparel, accessory stores
Shoe stores
_ __
Drug and proprietary stores _ . .
Eating and drinking places
Furniture homefurnisbings stores -
.
5, 594
' 12, 580 ' 12, 476 i 12, 528
'1,161
1,082
'224
211
'437
408
'294
268
195
'206
do
do
do __
do
Estimated sales (seas, adj.), total 9
1
9 Includes data not shown
SURVEY OF CURRENT BUSINESS
June 1901
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-ll
1960
April
May
June
July
1961
DecemAugust SeptemOctober November
ber
ber
January
Febru-
March
ary
April
May
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Department stores:
Accounts receivable, end of month :t
Charge accounts
- 1947-49=100Installment accounts
_
- _do
Ratio of collections to accounts receivable:
Charge accounts
-- - percentInstallment accounts
- do__
Sales by type of payment:
Cash sales
percent of total sales. Charge account sales
- -- do .Installment sales
-- do
170
431
168
426
164
424
151
415
151
406
162
415
171
422
184
431
244
479
210
480
173
462
165
449
164
441
44
15
44
15
48
15
45
14
47
15
46
15
47
15
48
15
48
15
45
14
45
14
49
16
44
14
43
43
14
43
42
15
43
42
15
44
41
15
43
42
15
42
43
15
41
43
16
42
43
15
44
42
14
43
40
17
42
42
16
42
43
15
43
42
15
139
137
122
132
145
153
171
261
108
109
132
™ 135
173
124
130
135
159
150
165
123
129
131
156
146
165
95
113
116
156
140
170
106
123
128
165
154
172
131
136
140
159
159
187
132
143
145
176
164
206
155
158
167
190
181
329
249
238
254
293
274
137
95
98
105
130
122
141
91
96
104
127
114
177
116
116
130
155
137
v
P
P
v
P
p
172
120
123
127
159
147
133
130
134
139
134
147
109
101
108
129
119
142
132
109
114
135
134
154
144
138
141
154
142
152
152
147
149
169
152
154
167
178
182
166
238
245
250
283
248
96
103
97
105
107
154
127
127
134
143
144
145
120
104
105
102
110
102
126
120
128
134
142
126
138
v
P
p
P
P
P
127
125
131
139
127
148
do
154
141
145
149
143
144
150
142
147
142
145
146
192
134
145
-
do
do
do
do —
do
do
176
125
132
139
159
150
183
129
134
139
170
154
194
125
141
143
175
159
178
124
134
139
169
151
185
126
132
140
166
154
189
129
140
144
172
164
179
129
129
136
163
157
187
128
137
142
171
159
177
126
130
140
165
164
181
126
128
135
170
156
178
135
127
144
168
158
p
P
p
P
P
P
183
132
135
139
177
162
---
do
do
do
do
do
do
137
135
144
149
144
153
136
135
142
156
144
159
132
137
136
149
140
155
134
136
139
153
138
155
138
140
145
162
149
137
131
136
150
139
r 161
»• 153
138
135
136
153
142
159
133
129
131
146
145
154
142
136
142
155
134
164
133
140
••160
133
131
136
144
143
153
P
P
P
P
P
P
142
140
141
156
142
164
do
do. _
'158
163
161
157
165
158
167
165
169
176
168
186
167
192
169
150
165
145
162
153
161
' 164
' 161
P 168
P 162
_bil. of dol__
__do
do
12.2
12.3
12.8
11.6
13.0
12.8
12.8
4.5
8.2
12.9
11 4
8 6
12 6
4 1
8 5
ll 3
7
76
'r 12 6
41
'8 5
11 5
3.9
7 7
do
do___do __
12.9
13.6
6.9
6.7
13.6
13 2
6.8
6.6
6 8
6 6
6 6
13 1
6 7
6 4
13 4
68
66
13 2
6.8
6 4
Sales unadjusted total U 8
Atlanta
Boston
Chicago
Cleveland
Dallas
Kansas City
1947-49=100.
150
do
do
do
do -do
do
194
133
139
-
Minneapolis
New York
Philadelphia
Richmond
St Louis
San Francisco
---
-
do
do
do___
do
do
do —
--
Sales seasonally a djusted total U. 8.9
Atlanta
Boston
C hicago
Cleveland
Dallas
Kansas City
-
Minneapolis
New York
Philadelphia
Richmond
St Louis
San Francisco
-
Stocks, total U.S., end of month:
Unadjusted
Seasonally adjusted9
r
»• 148
r
172
155
139
' 139
T
r
153
167
150
••148
181
164
147
«• 146
r
151
170
159
165
r
r
157
178
r
283
r
r p 148
r 145
157
142
160
P 141
P 145
WHOLESALE TRADE
Sales estimated (unadj ), total
Durable goods establishments
Nondurable goods establishments
Inventories estimated (unadj.), totaL
Durable goods establishments
Nondurable goods establishments _
4.6
7.6
6.9
6.0
4.6
7.7
4.8
8.0
12.9
12.9
7.0
5.9
7.0
5.9
4.2
7.3
r
12.9
7.0
5.9
r
82
4.6
8.1
13.1
13.2
6. 1
6.9
6.3
4.7
7.0
4.3
3.8
7 6
13 1
f
6.6
r
r
3
r
EMPLOYMENT AND POPULATION
POPULATION
Population, United States (incl. Alaska and Hawaii):
Total, incl. armed forces overseas!
thousands. _ 180, 004
180, 217
180, 439
180, 670
180, 936
181, 232
181, 519
181, 778
182, 018
182, 257
182, 489
182, 714
182, 952
183, 174
EMPLOYMENT
Noninstitutional population, estimated number 14
years of age and over, totaled- -- -- thousands
Total labor force, including armed forces
Civilian labor force, total©-.
Employed
_ _
Agricultural employment
Nonagricultural employment
Unemployed
_ _ _
Percent of civilian labor force:©
Unadjusted
_.
Seasonally adjusted
Not in labor force
124, 917
125, 033
125, 162
125, 288
125, 499
125, 717
125,936
126, 222
126, 482
126, 725
126, 918
127 115
127, 337
127 553
_ do
72, 331
73, 171
75, 499
75, 215
74, 551
73, 672
73, 592
73, 746
73, 079
72, 361
72, 894
73 540
73 216
74 059
do
do
do
do
do
69, 819
66, 159
70, 667
67, 208
5 837
61, 371
73, 002
68, 579
72, 706
68, 689
6 885
6l| 805
4,017
72, 070
68, 282
6, 454
61, 828
71, 155
67, 767
6, 588
6l', 179
71,213
67, 182
5, 666
70, 549
66, 009
4, 950
61 1 059
4, 540
69, 837
64, 452
4 634
59', 818
5, 385
70, 360
64 655
4 708
59', 947
5, 705
71,011
65 516
4 977
60, 539
5 495
70, 696
65 734
5 000
60', 734
4 962
71, 546
66 778
3,388
71, 069
67, 490
6 247
6l] 244
3, 579
__
thousands
Employees on payrolls (nonagricultural estab.) :
Total, unadj. (excl. Alaska and Hawaii) A-thousands.
Manufacturing
_
do_-_
Durable goods industries
do
Nondurable goods industries _ _ _ _ _ _ d o
Mining, total
do. _
Metal
_
do
Anthracite
_ _ _
__
do
Bituminous coal _
do
Crude-petroleum and natural-gas production
thousands.Nonmetallic mining and quarrying
do
5,393
60, 765
3,660
3,459
6,856
61, 722
4,423
3,788
6l'516
4,031
r' 04-4
CAA
0,
61, 234
4 768
5.2
5.1
4.9
5.1
6. 1
5.4
5.5
5. 5
5.3
5.8
4.8
5. 7
5.0
6. 3
5. 7
6. 2
6.4
6. 8
7. 7
6. 6
8. 1
6 8
7. 7
6 9
70
6 8
6 7
6 9
52, 587
51, 862
49, 663
50, 074
50, 948
52, 045
52, 344
52, 476
53, 403
54 364
54 024
cq 0/1
r;74
Oo,
54 121
CO 4QQ
oo,
-iyy
52, 844
16, 380
52, 957
53, 309
16, 422
52, 923
16, 250
53, 062
16, 386
53, 496
16, 505
53, 133
16, 129
53, 310
15, 836
51, 437
15, 580
51,090
9,403
53, 391
16, 313
9, 305
8^804
r
P 52, 298
P 15 683
p 8! 995
P 6 688
P 532
51, 397
15, 497
S, 806
r
r
6,918
9,342
6,908
7,102
7,008
6, 894
6, 771
6, 678
6, 669
r Q( Q91
51, 825
15, 529
8, 855
T Q 574
f>77
95
13
169
677
96
12
167
681
97
12
164
655
94
11
140
672
95
11
156
663
94
12
151
656
93
12
150
647
90
U
147
641
90
10
145
629
89
10
142
620
86
10
142
622
86
g
140
623
85
9
136
287
113
286
116
292
117
292
118
292
118
289
117
285
117
285
114
286
109
284
104
282
101
284
104
285
108
9,548
6,832
16,348
9,516
6,832
9,504
9,296
7,090
9,235
9,065
8^902
15, 473
T
r
SURVEY OF CURRENT BUSINESS
S-12
June 1961
1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
April
May
June
July
1961
DecemOctober NovemAugust September
ber
ber
Janu-
ary
Febru-
ary
March
April
May
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Employees on payrolls of nonagri cultural est., unadjusted — Continued
Contract construction
._
_
--thousands-Transportation and public utilities 9 __
do
Interstate railroads
do
Local rail ways and buslines
. __ do __
Trucking and warehousing
do
Telephone
do __
Gas and el ectric utilities
do
2, 590
3,917
910
91
881
703
574
2,830
3,924
914
91
880
704
575
2,977
3,942
920
91
887
707
582
3,098
3,939
912
91
879
714
589
3, 130
3.921
905
90
877
714
585
3,069
3,907
876
91
892
708
585
3,006
3,889
869
88
902
704
579
2,847
3,868
852
89
898
702
578
2,552
3,843
849
89
881
699
577
2, 385
3, 763
818
89
854
696
574
2,264
3, 759
817
89
851
695
573
'2.414 ' 2, 613 p 2, 755
' 3, 749 ' 3, 755 p 3, 772
813
815
88
88
848
850
695
693
574
573
do
__ do
do
do
do_ _do
11,020
3,120
8, ,500
1, 511
1, 649
815
11,543
3,111
8,432
1,466
1,649
819
11, 637
3,129
8,508
1,462
1,656
827
11,591
3,138
8,453
1,433
1,660
824
11,592
3,153
8.439
1,452
1,641
820
11.665
3,153
8, 512
1,504
1,641
815
11, 742
3,162
8,580
1, 554
1,652
813
11,842
3,163
8,679
1,655
1,659
814
12, 405
3,161
9,244
2,022
1,683
828
11, 464
3,116
8,348
1.476
1,641
794
11, 279
3,102
8,177
1,392
1,641
787
11,337 '11,380 p 11, 425
'3,091
' 3, 086 P 3, 081
r
8, 246
' 8, 294 p 8, 344
1,436
1,441
1,632
1.631
784
790
do
do. _.
do
do __
do
do
2, 463
6, 644
479
308
177
8,553
2,469
6,717
497
312
179
8,449
2,496
6,745
524
315
181
8,409
2, 530
6,715
592
316
176
8,145
2,536
6, 685
591
310
171
8,140
2,515
6,698
509
307
175
8,474
2,501
6,698
466
306
180
8, 586
2,499
6, 665
455
304
179
8,636
2,504
6,612
448
301
176
8,917
2,490
6. 518
437
300
175
8,608
2,494
6. 527
441
297
173
8, 674
Total, seas. adj. (excl. Alaska and Hawaii)A--do
Manufacturing
do_ __
Durable goods industries
do
Nondurable goods industries
do __
53, 128
16, 527
9, 552
6,975
53, 105
16,540
9,537
7,003
53, 140
16, 498
9,499
6,999
53, 145
16,417
9, 452
6,965
53, 046
16, 265
9,338
6,927
52, 998
16, 275
9,391
6,884
52, 809
16, 132
9,266
6,866
52, 591
16,030
9,190
6,840
52, 221
15, 790
9,030
6,760
52, 232
15, 676
8,918
6,758
51,984 ' 51, 939 ' 52, 226 P 52, 433
15, 527 r 15. 541 ' 15, 672 P 15, 867
8,792 r 8, 781 ' 8, 857 P9,014
r
6,735 r 6, 760
6, 815 p 6, 853
684
2,752
3,924
11,652
2, 463
6,611
8, 515
684
2,783
3,927
11,675
2,469
6,618
8,409
678
2,790
3,926
11,712
2,471
6,645
8.420
658
2,858
3,910
11,736
2,480
6,682
8,404
665
2, 835
3,892
11,764
2,499
6, 652
8, 474
660
2,800
3,879
11,665
2, 515
6, 665
8, 539
656
2,804
3,879
11, 668
2,514
6,632
8,524
644
2,783
3, 858
11, 568
2, 512
6, 665
8,531
638
2,647
3,821
11,541
2,517
6,679
8,588
629
2,698
3,820
11,634
2,515
6,651
8,609
620
2,636
3,803
11, 576
2,519
6,660
8,643
12, 334
7,123
74
12,292
7,084
73
12, 332
7, 056
72
12, 145
6,888
72
12, 265
6, 833
72
12, 399
6,949
74
12, 226
6,863
72
12,037
6,786
74
11, 745
6,613
74
11, 502
6,456
73
11,395
6,359
73
'11,418
6, 363
'73
569
282
327
448
1,020
592
289
324
452
993
617
296
327
456
970
606
291
321
450
924
607
293
327
452
910
598
285
328
449
905
581
276
327
442
891
547
264
320
431
870
518
252
310
416
851
508
247
303
401
838
496
243
303
396
829
'498
244
302
402
'833
511
495
469
439
431
418
409
395
381
377
381
387
400
837
1, 176
860
1,187
623
398
113
230
395
836
1,159
855
1,174
616
388
115
228
397
840
1,154
859
1,127
615
348
111
228
405
817
1,130
850
1,105
574
358
119
223
389
819
1,112
861
1.036
509
365
118
226
410
835
1,104
877
1, 135
597
367
119
225
418
834
1,087
839
1,149
614
366
119
223
418
817
1,085
867
1,147
610
372
117
222
406
794
1,081
844
1,125
596
369
116
218
383
771
1,075
842
1,068
542
367
117
215
364
754
1. 077
'835
1,012
492
366
116
211
373
'750
'1,076
'830
1,013
489
367
118
211
'374
'762
'1,081
'828
'1,015
496
364
117
'211
'379
Wholesale and retail trade
Wholesale trade
Retail trade 9
General merchandise stores
Food and liquor stores
Automotive and accessories dealers
Finance insurance, and real estate
Service and miscellaneous 9 _
_
Hotels and lodging places
Laundries
__ _
Cleaning and dyeing plants
Government
-
Mining
Contract construction
Transportation and public utilities
Wholesale and retail trade
^
Finance insurance, and real estate
Service and miscellaneous
_
Government
--
-
do
do
do __
do
do
do __
do
Production workers on manufacturing payrolls, unadj.:
Total
__ __
thousands_Durable goods industries
do
Ordnance and accessories
do
Lumber and wood products (except furniture)
thousands-Sawmills and planing mills
.
do
Furniture and
fixtures
do
Stone, clay, and glass products
do
Primary metal industries. _ _ _ _ _ _
do
Blast furnaces, steel works, and rolling mills
thousands. _
Fabricated metal productsd"
Machinery (except electrical) _ _ _ _
Electrical machinery
Transportation equipment 9
_ _
Motor vehicles and equipment
Aircraft and parts
Ship and boat building and repairs.
Instruments and related products
Miscellaneous mfg. industries
_
do
do
do
do
do
do
do
do
do
r
2, 507 ' 2, 518 p 2, 528
' 6, 566 ' 6, 679 p 6, 751
442
464
298
299
176
179
8, 705
'8,728 p 8, 752
622
2, 715
3, 768
11,479
'r 2, 520
6, 632
8,662
r
r
629
' 2, 777
' 3, 762
'11,537
' 2, 518
' 6, 646
' 8, 685
P638
P 2, 709
p 3, 775
P 11, 556
p 2, 528
" 6, 651
P8,709
'11,470 p 11, 616
' 6, 429 p 6, 560
' 72
p73
'518
252
'305
'412
'846
?542
P304
?422
P866
P785
P 1.081
P834
P 1,056
P212
P385
5,132
5,036 '5,055 ' 5,041 P 5, 056
5,211
5,251
5,450
5,276
5, 046
5, 432
5,363
5,208
5, 257
Nondurable goods industries
do
984
925
1,064
1,171
1,112
960
1,015
943
1,036
967
1,142
Food and kindred products 9
do
'932
'944
P958
242
230
232
248
242
237
243
248
246
249
236
Meat products
do
231
230
157
152
140
325
219
254
173
141
188
151
297
Canning and preserving
do
156
148
162
158
164
163
162
164
158
165
165
163
161
Bakery products
.
do
158
158
72
78
69
82
97
94
68
69
68
75
81
Tobacco manufactures
do
'64
68
P63
819
806
861
832
850
840
859
867
807
848
863
Textile mill products 9
do
'807
'815
P823
343
348
356
367
365
345
360
349
360
351
365
Broadwoven fabric mills
do
341
341
186
188
203
197
206
201
205
183
197
198
201
Knitting mills
do „
196
191
1,052
1,063 '1,074
1,094
1,082
1,079
1,085
1,038
1,079
1,079
1,060
1,107
Apparel and other finished textile prod___do
'1,041 p 1,030
452
432
437
445
448
452
434
444
449
449
451
Paper and allied products
do
432
'434
P435
219
216
221
225
222
226
217
223
222
226
223
Pulp, paper, and paperboard mills
do
216
217
579
568
584
578
568
572
571
585
568
573
567
Printing, publishing, and allied industries. -do
'571
'569
P569
525
531
537
538
533
551
540
528
537
547
538
Chemicals and allied products
do
'532
540
P539
203
205
207
206
206
209
211
204
210
211
210
Industrial organic chemicals _ _ _ _ _ do ._
206
203
142
145
150
144
147
150
154
156
153
154
155
Products of petroleum and coal
do
'142
143
P 145
112
113
115
113
114
118
112
116
117
117
117
Petroleum refining _
.
do. __
111
111
181
191
193
198
198
196
198
188
192
201
198
Rubber products
do
181
'180
P184
322
317
321
318
319
317
323
318
322
331
315
Leather and leather products _
do. _ .
318
'310
P311
Production workers on mfg. payrolls, seas, adj.:
11, 444 ' 11,455 '11,605 P 11, 795
11, 701
12, 176
12, 048
11, 594
11,937
12, 407
12, 321
12, 158
12, 476
Total .
. _ _
_
thousands .- 12, 472
6,579
6,348 r 6,339 ' 6, 432 p 6, 580
6,937
6,471
6,740
6,824
7,051
7,000
7,126
6,875
7,106
Durable goods industries.
do
5, 116
' 5, 173 P5,215
5,096
5,122
5,239
5,224
5,356
5,123
5,321
5, 197
5,283
5,346
5,370
Nondurable goods industries. ._
do
Production workers on manufacturing payrolls :
Indexes of employment:
'92.7
'92.3
P93.9
92.1
95.0
100.2
97.3
98.8
93.0
98.2
99.7
99.2
99.7
99.4
Unadjusted
.
1947-49=100'92.6
'93.8
P95.4
92.5
94.6
96.5
98.4
97.4
93.7
100.3
99.6
98.3
100.8
100.9
Seasonally adjusted
__
__do
Miscellaneous employment data:
Federal civilian4 employees (executive branch):
2
2, 342. 9 2 2,220.2 2 2,2 212. 9 2,213. 3 2,213.9 2, 192. 9 2, 188. 9 2, 188. 9 12,478.2 2, 180. 4 2, 185. 7 2, 193. 2 2, 205. 0
United States !
thousands
216.1
216.6
215. 1
i 222. 1
214.7
213.6
218. 1
214.6
214.0
218.5
217. 9
» 212. 2 2 211. 9
Washington, D.C., metropolitan area
do
Railroad employees (class I railroads):
'727
*728
730
P734
759
764
782
834
731
817
787
824
824
828
Total
... _.
thousands-Indexes:
P54.
9
54.7
56.9
P 55. 3
54.9
55.1
57.6
61.5
59.4
58.9
62.0
62.7
61.8
62.2
Unadjusted
1947-49=100-.
55.2
55.0
P 55. 6
58.2
P54. 5
54.6
59.3
58.9
60.4
60.7
60.1
61.3
62.6
01.4
Seasonally adjusted
do
r
Revised. j» Preliminary. 1 Includes Post Office employeesr hired for Chirstma s season; there were, about 292,800 sucli employ(?es in the United States in Decembejr 1960. 2 Includes
the following number of persons hired for the decennial census: rotal U.S ., 181,100 (April); 5 3,700 (Ma y); 15,600 (June); ^vVash., D C. area, 910 (April ); 340 (M ay); 240 ( Tune). 9 Includes
data for industries not shown. tf Except ordnance, machinery, and transportation equipment.
^Employees in Alaska and Hawaii are included effective with January 1959 and
ATotal employees, incl. Alaska and Hawaii (thous.): 1961— March, 52,166; April, 52,459; May, 52,672.
August 1959, respectively.
SURVEY OF CURRENT BUSINESS
June 1901
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-13
1961
1960
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
EMPLOYMENT AND POPULATION—Continued
INDEXES OF WEEKLY PAYROLLS
207.9
168.8
108.7
230 5
171. f>
107.8
246 9
172.5
108 4
262 8
169.0
103.3
267 9
169.2
104.5
259.4
172.5
101.6
258 4
170.5
101.6
227 1
166.2
97.0
197 1
160.6
97 0
193.9
158.5
97.7
181.7
157. 1
94.5
' 191.6
158.2
'91.5
210.4
' 160. 4
94.6
p 164. 4
39.3
2.1
39.9
2.1
40.8
39.9
2.4
40.4
2.4
41.3
40.0
2.5
40.4
2.4
40.8
39.8
2.4
39.9
2.3
40.0
39.8
2.4
40.0
2.3
40.0
39.6
2.5
39.9
2.5
40.5
39.7
2.5
40.2
2.4
40.4
39.3
2.2
39.6
2.0
40.8
38 6
2.0
39.1
1.9
40.2
38.9
1.9
39.2
1.7
40.7
38.9
1.9
39.3
1.7
40.7
39.1
1.9
39.5
1.7
'40.7
'39.3
2.0
'39.9
'1.9
'40.9
P39. 6
*2. 1
P40. 1
P2.0
MO. 9
39.9
40.6
39.9
40.3
39.4
40.1
40 9
40.1
40.9
38.9
40.5
41 0
40.2
41.0
38.9
39.3
39 9
40.0
40.8
38.7
39.6
40 2
40.8
41.0
38.1
39.9
40.2
40.5
40.5
38.0
39.6
39 8
40.4
40.9
37.9
38.4
38 9
39.6
40.7
37.4
38.6
38 9
39.9
39.6
37.2
38.8
38.6
38.3
39.8
37.7
38.5
38.5
38.7
39.8
37.8
'38.9
38.9
38.9
'40.2
'38.1
' 39. 5
39.7
'39.0
'40.2
'38.8
P39.8
39.3
39.9
40.8
39.2
38 1
40.8
41.3
39.9
37 7
40.9
41.2
40.1
37.2
40.5
40.9
39.3
36.6
41.0
40.5
39.9
36.5
40.7
40.3
40.1
36 3
40.5
40.5
40.3
35 5
39.9
40.1
40.0
35 5
39.1
39.9
39.1
36.5
39.3
40.2
39.9
36.7
39.2
40.2
39.9
37.0
39.6
'40.2
'39.7
38.0
'40.1
' 40. 6
'39.9
39.7
39.5
40.1
39.5
40.1
39.2
40.9
41.1
41.0
40.1
40.5
39. 9
40.5
40.6
40.8
39.7
40.7
39.9
40.2
40.0
41.1
39.3
40.4
39.4
39.6
38.8
40.9
39.5
40.5
40.0
40.2
40.6
40.6
37.4
40.1
39.5
41.1
41.6
41.0
39.4
40.5
40.1
40.2
40.2
41.1
38.4
40.6
40.0
39.8
39.5
41 1
37.9
39.2
38.4
38.9
37.3
41. 5
39.1
40.2
39.4
39.3
37.7
41.6
39.2
40.1
39.6
39.6
38.5
41.3
39.3
40.3
39.5
'40.0
39.6
41.0
40.0
'40.3
39.6
do
_- do
do
_ do
do__ _
do _
38.6
2.2
39.8
39.4
37.7
39.9
39.3
2.5
40.6
40.8
38.7
40.3
39.5
2.5
40.6
40.7
37.7
40.8
39.6
2.6
41.1
41.2
39.5
40.9
39.5
2.5
41.2
41.2
40.9
40.4
39.1
2.6
41.6
41.5
42.2
40.3
39.0
2.5
41.0
41.1
40.0
40.5
38.8
2.3
40.5
41.2
36.4
40.5
38.0
2 2
40.2
40.8
36.8
39.7
38.4
2.0
40.2
40.3
37.4
39.6
38.4
2.1
39.9
39.4
37.8
40.1
38.7
2.1
39.9
40.1
37.2
39.8
'38.7
'2.1
39.8
40.2
36.5
39.8
P38. 9
P2.3
P 40. 5
__do
do
do. __
do
36.0
39.6
40.6
37.3
38.1
40. 1
41.0
38.3
39.3
40.2
41.1
38.6
37.6
39.7
40.6
38.4
37.9
39.7
40.3
38.6
40.3
38.3
38.7
37.6
40.5
38.8
39.3
37.9
37.7
39.0
39.4
37.5
39.3
38.2
39.1
35 9
37.8
38.0
38.7
35.9
37.2
38.5
38.8
37.1
36.7
'38.8
39.0
37.2
'38.4
' 39. 0
39.5
37.0
P38. 1
P 39 5
Apparel and other finished textile prod
do
Paper and allied products
do _
Pulp, paper, and paperboard mills. . ..do
Printing, publishing, and allied industries. .do
35.1
41.8
43.1
37.8
36.3
42.5
43.6
38.4
36.3
42.6
43.7
38.1
36.4
42.5
43.8
38.2
36.7
42.5
43.6
38.3
35.4
42.3
43.4
38.6
35.5
42.3
43.4
38.4
35.3
41.9
42.9
38.2
33.4
41. 1
42.7
37.7
34.4
41. 5
42.8
37.8
35.1
41.7
42.9
37.7
35.7
41.8
43.0
37.9
' 35. 5
'42.2
43.6
37.7
p 35. 2
v 42 1
Chemicals and allied products
Industrial organic chemicals
Products of petroleum and coal .
Petroleum refining. _
Rubber products
Leather and leather products
42.1
41.9
40.8
41.0
38.3
35.4
41.6
41.8
40.7
40.9
39.7
36.3
41.9
42.2
41.1
40. 8
40.6
37.8
41.6
41.9
41.5
41.2
40.6
38.4
41.3
41.2
40.7
40.3
39.9
38.1
41.3
41.1
41.3
41.1
39.0
35.9
41.2
40.8
40.7
40.6
39.8
35.9
41.4
41.2
40.4
40.7
39.2
36.4
40.9
40 9
40. 5
40.7
38 9
35.9
41.1
40 8
41.2
41. 5
38 9
37.9
40.9
40. 8
40.0
40 5
38.6
37.4
'41.3
40 9
' 40. 5
40.6
' 38 6
37.0
' 41.3
41 3
' 40 9
41.1
'39 4
'35. 7
41.1
42.7
29.2
37.4
41.0
42.7
29.6
36.4
41.2
41.3
33.9
37.1
41.5
41.4
34.0
37.3
40.7
41.6
34.4
35.0
40.1
41.6
30.8
33.2
40.3
40.6
34.5
34.1
39.3
40.2
34.6
32.1
39.4
41.1
34 8
33.6
4<\ 0
40.7
38 4
34.2
39 6
40.5
37 0
33.9
38 7
39.9
33 8
30 3
39
40
31
32
40.7
43.8
41.0
43.9
40.4
45.2
40.9
45.0
40.3
44.9
41.0
44.2
40.8
44.4
40.7
42.5
40.3
41.2
42.0
42.0
40.3
41.6
40.2
41.7
41.1
42.4
36.9
41.1
35.9
36.9
40.7
35.9
37.4
41.6
36.3
37.8
42.2
36.7
37.9
42.3
36.7
37.2
42.0
36.0
37.8
42.6
36.6
35.3
38.6
34.5
34 1
37.3
33 4
36 2
39.4
35 6
36 0
39.2
35 4
35 5
38 7
34 8
35 6
38 1
35 0
42.7
38.9
40.8
43.2
39.2
40.8
43.5
39.4
40.8
43.2
39.8
40.9
43.2
39.5
40.8
42.9
40.8
41.8
42.6
40.0
41.2
42.8
40.4
41.2
43 3
39 5
41 3
42 1
39 0
40 9
42 7
39 1
40 9
42 3
38 8
40 7
42 5
38 7
40 5
40.1
40.2
40.3
40.6
40.5
40.4
40.3
40.2
40 0
40 2
39 9
40 o
40 1
37.7
34.5
35.6
44.1
37.4
33.7
35.3
43.9
37.8
34.3
35.9
44.1
38.2
35.0
36.4
44.1
38.3
34.9
36.2
44.1
37.6
34.0
35.6
43.9
37.4
33.7
35.3
43.7
37.5
33.7
35.6
43.8
37.7
35 4
35. 1
43 8
37.5
33 8
35 1
43 7
37.5
33 8
35 0
43 7
37.4
33 9
35 0
44 0
37.4
33 8
35 o
43 9
39.6
40.0
40.8
39.9
39.9
39.4
40.0
39.9
39.9
40.0
39.8
38.6
40.2
39.4
37.6
39.7
39.4
38.5
39.9
39.7
39.3
39.7
39.2
38.7
39.7
38 6
37.2
39. 7
38 9
38.4
39.6
38 8
37.7
40 0
39 o
38 5
40 0
39 i
37 9
91.37
98. 58
107.79
91.60
98.98
107. 30
91.14
97.76
105. 20
90.35
97.20
105. 60
91.08
98.15
108. 14
91 31
98.89
108. 27
90.39
97.42
109. 34
89 55
96.97
108 14
90 25
97.22
109 48
81.40
78. 94
74.19
92.84
83.84
81.18
74.77
93.07
81. 35
79.00
74.40
93.02
81.97
80.00
75.89
93.89
84.19
80.00
75.74
92.75
81.58
77. 61
75 55
94.07
77.18
74.30
74.05
94.02
77.59
74.30
75 01
91 48
77.60
74 11
71 24
91 54
112. 29
109. 70
Primary metal industries
do
Blast furnaces, steel works, and rolling mills
116. 21
dollars. . 122. 22
' Revised.
v Preliminary.
9 Includes data for industries not shown separately.
c?Except ordnance, machinery, and transportation equipment,
109 70
108 75
106 68
106 78
106 12
104 72
105 28
107 82
107 73 r 108 97 r Hi 74
115. 74
113. 83
110. 53
110. 60
109. 63
106. 86
109. 34
114.25
113. 77
Construction (construction workers)
Manufacturing (production workers)
Mining (production workers)
1947-49=100
do
do _-
HOURS AND EARNINGS
Average weekly gross hours per worker on payrolls of
nonagri cultural establishments:
All manufacturing industries
hours
Average overtime
do
Durable goods industries
-do
Average overtime
do
Ordnance and accessories
__ do _
Lumber and wood products (except furniture)
hours. .
Sawmills and planing mills
do
Furniture and
fixtures
do
Stone, clay, and glass products
do _
Primary metal industries
do
Blast furnaces, steel works, and rolling mills
hours
Fabricated metal productscf
do __
Machinery (except electrical)
do
Electrical machinery.
_
do
Transportation equipment?
do
Motor vehicles and equipment
do
Aircraft and parts
do
Ship and boat building and repairs
do
Instruments and related products
__ _ do. _ _
Miscellaneous mfg. industries
do
Nondurable goods industries
Average overtime _ _
Food and kindred products 9
Meat products
Canning and preserving
Bakery products
Tobacco manufactures
Textile mill products?
Broad woven fabric mills
Knitting mills
__
__
__
_. _ do _.
do
do
do __
do
do
Nonmanufacturing industries:
Mining
__ __
_
do
Metal
do
Anthracite
._
do
Bituminous coal
_ do
Petroleum and natural-gas production (except
contract services)
hours.
Nonmetallic mining and quarrying
do
Contract construction
do
Nonbuilding construction
do _ _
Building construction. ...
__
do
Transportation and public utilities:
Local railways and bus lines
.
do __
Telephone
do
Gas and electric utilities
.
_ _ do .
Wholesale and retail trade:
Wholesale trade
do
Retail trade (except eating and drinking places) 9
hours. _
General merchandise stores
do
Food and liquor stores
do
Automotive and accessories dealers
do
Service and miscellaneous:
Hotels, year-round
do
Laundries. _ _
_
do __
Cleaning and dyeing plants
do
Average weekly gross earnings per worker on payrolls
of nonagricultural establishments:
89. 60
All manufacturing industries
dollars
97. 36
Durable goods industries
do
Ordnance and accessories... _.
do. _. 106. 49
Lumber and wood products (except furniture)
dollars. . 80.20
77. 95
Sawmills and planing mills
do
73.82
Furniture and
fixtures
_
do
91.08
Stone, clay, and glass products
.do
P38.7
MO. 8
P39.2
P40.4
P40. 7
P39. 9
P 40. 5
P40. 4
P39. 8
P37.7
p 41 3
p 40 8
P 40 0
p 35 6
4
4
2
8
90 25
90 71
' 91 57 p 92 66
97.07 ' 97. 96 ' 99. 35 P 100. 25
109 48 r 109 89 r no 43 P 110 84
76.23
73 54
71 98
91 54
' 77. 80 ' 80. 58 P 82. 39
74 69
77 81
' 72 74 ' 72 54 P 71 98
' 92 86 ' 93 26 P 95 06
115. 44
119.32
p 113 29
SURVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
June 1901
1961
1960
April
May
June
July
DecemOctober NovemAugust September
ber
ber
January
February
March
April
97.81
105. 32
' 93. 30
109. 69
107. 80
113. 99
108. 47
97. 53
' 78. 61
' 99. 85 p 101. 00
106. 78 p 107. 04
' 94. 16 P94.16
111.60 p 113. 40
111.67
112. 75
110. 80
' 97. 93 p 97. 77
78.80 P 79. 60
82.04
90.17
100. 25
69.94
89.15
' 82. 43 P 82. 86
89. 95 "91.94
99.70
70.08
89.15
May
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Average weekly gross earnings per worker on payrolls
of nonagricultural establishments— Continued
All manufacturing industries— Continued
Durable goods industries— Continued
Fabricated metal productsd"1
dollars. _
Machinery (except electrical)
_ __do
Electrical machinery
__
do__
Transportation equipment 9
do
M^otor vehicles and equipment
do
Aircraft and pa^ts
do
Ship and boat building and repairs
do
Instruments and related products
do
Miscellaneous mfg. industries
_- --do
96. 56
104. 04
88.98
107. 59
108. 23
107. 07
103. 49
93.43
76.05
99.96
106.14
91.37
111.66
113.85
110.29
105. 46
94.77
77.41
100. 21
105. 88
92.23
110.97
112.87
110.57
105. 60
95. 65
77.41
99.63
105. 11
90.39
110. 15
111.20
110. 97
106. 90
95. 75
76.44
100. 45
103. 68
91.77
108. 90
108. 64
110. 84
108. 23
95.99
77.60
100. 94
103. 57
93.03
112.96
116. 52
111.24
103. 97
95. 44
77.03
100. 04
104. 49
93.09
115.49
119.39
111.93
109. 53
95.99
78.20
98.15
103. 46
93.20
112.16
113. 77
112. 61
105. 98
96.63
78.40
96. 58
103. 74
92.28
111.44
111.79
113.44
106. 12
94.47
76.03
97.07
104. 92
93.77
108. 14
104. 81
114.13
108. 31
96.88
78.41
96.82
104. 92
93.77
109. 25
105. 56
114.82
108. 98
96.64
78.80
79. 52
87.16
95.74
69.75
85.79
81.35
88.91
99. 55
70.05
87.05
82. 16
88.51
98.90
67.86
88.54
82.37
89.60
100. 94
70.71
89.16
81.77
88.58
99.70
74. 03
88.48
81.72
89.02
102. 51
74.69
89.06
81.51
88.97
101.11
72.00
89.51
81.48
89.10
102. 18
64.79
89.91
80.18
89.24
101. 59
67.71
88.53
81.41
90.45
101. 56
68.82
88.31
81.02
89.78
99.29
69.93
90.23
Tobacco manufactures
do
Textile mill products 9
do_.
Broadwoven fabric mills
do
Knitting mills
do
Apparel and other finished textile prod
do
Paper and allied products
do
Pulp paper and paperboard mills
do
Printing, publishing, and allied industries.do
64.80
63.76
64.96
55.95
53.70
93. 63
102. 15
103. 95
68.58
65.36
66.01
58.22
55.90
96.05
104. 64
106. 37
71.53
65. 53
66. 58
58. 67
55. 90
97.13
106. 19
105. 54
68.43
64.31
65.37
57.60
56.42
97.33
106. 87
106. 20
64.81
64.31
64.88
58.29
57.62
97.75
106. 82
106. 09
63.27
62.05
61.92
57.15
55.93
98.14
107. 20
108. 08
65.21
63.24
62.88
57.99
56.45
97.71
106. 76
107. 14
65.60
63.18
62.65
57.38
55.77
96.37
105. 53
106. 96
69. 95
61.88
62.17
54. 57
52. 44
95. 35
105. 47
106. 31
66.53
61.56
61.53
54.57
54.70
96.28
105. 29
106. 22
66.59
62.76
61.69
56. 76
55. 81
96.74
105. 53
105. 94
66.43 r 72. 58
' 63. 24 ' 63. 96
62.40
63.20
57.29 r 56.98
r 57. 12
56. 09
96.98 ' 98. 33
105. 78
107. 69
106. 88
106. 31
Chemicals and allied products
Industrial organic chemicals
Products of petroleum and coal
Petroleum refining
Rubber products
Leather and leather products
104. 41
112. 29
119. 54
124. 23
94. 60
58.06
103. 58
110.77
118. C3
123. 11
100.04
59.90
105. 59
112.67
119.60
123. 22
102. 72
62.37
106. 08
113. 13
121. 18
124. 84
103. 53
62.98
104. 90
110.42
117.62
120. 90
100. 15
62.48
104.90
110.97
120. 60
124. 53
98.28
59.24
104. 24
110. 16
117. 62
121.80
101. 49
59.59
105. 16
111.65
117.97
122. 91
99. 57
60.42
104. 30
111.25
119.07
123. 32
99. 58
59.24
104. 81
110. 98
124. 42
129. 90
98.81
62.91
104. 30
110. 98
120. 80
126. 36
97.27
62.46
' 104. 90 ' 105. 32
111.25
112.34
' 122. 31 r 123. 93
127. 48
129. 47
' 97. 66 ' 100. 47
r
61.79
59. 62
111.38
113. 58
80.88
122. 30
110. 70
114.01
82. 2C
119.03
110.83
110. 27
93. 23
121.69
111.22
111.37
93.50
121. 60
108. 67
111.49
94.26
114. 10
107. 47
112.74
84.39
108. 23
108. 41
110. 43
95.22
111.51
105. 32
108. 54
94.46
104. 33
106. 38
111.79
95.35
109. 54
109.60
110.30
107. 90
112. 52
107. 71
109. 35
106. 19
110. 85
104. 10
108. 13
90.58
98.48
107. 17
110.29
84.86
106. 60
115. 18
98.55
119. 19
117. 96
119. 19
116.03
98.78
119.56
118.03
119.91
113. 52
101. 70
121.18
121.06
121.24
116. 16
102. 60
123. 61
124. 91
123. 68
112. 44
102. 37
124. 31
126. 90
123. 68
116. 44
101. 66
123. 13
126. 42
122. 40
115. 87
102. 12
125.50
128. 65
125. 17
115.18
98.18
117. 20
114. 64
117. 99
114. 05
95. 17
115.26
113.39
115. 56
124. 74
97.02
122. 72
120.17
123. 53
118. 48
95. 68
122. 40
118. 78
123. 19
116. 98
95.49
119. 64
116.10
120. 41
121.66
97.52
119.97
115.06
121. 10
- do _
__do
do
97.78
86. 36
108. 94
99.79
87.81
109. 34
100. 92
88.26
109. 34
100. 22
89.95
110.02
100. 22
89.27
110. 16
99.96
95. 47
115.37
98.83
92.00
112. 89
99.72
92.92
113. 30
102. 62
91.64
114. 40
100. 20
90.48
112. 88
101. 63
90.71
113. 29
101. 10
90.02
112.33
100. 73
90.17
111.78
do _
drinking
dollars
do
do
do
91.83
92.46
93.09
94.19
93.56
94.13
93.90
93.67
93.20
94.07
93.37
94.00
94.64
67.48
48.99
70.13
91.73
67.69
48.87
70.60
90.87
68.80
49.74
72.16
91.29
69. 52
50. 75
73.16
91.29
69.32
50.26
72.76
89. 96
68.43
49.30
72.27
88.24
68.44
48.87
72.01
89.59
69.00
49.35
72.10
87.40
68.44
49.49
72.10
89.76
69.19
49.69
72.45
90.00
do
69.94
69.75
69.75
70.31
69.75
69.75
70.69
do_ __
do
47.52
48.00
57.94
48.28
48.68
55.95
48.80
48. 68
57.06
48.80
48. 56
54.43
49.04
48.07
53.02
48.83
48.46
54.67
49.48
48.83
56.20
2.28
2.22
2.44
2.38
2.61
2.29
2.22
2.44
2.37
2.61
2.29
2.22
2.45
2.38
2.63
2.29
2.22
2.45
2.38
2.63
2.27
2.21
2.43
2.37
2.64
2.30
2.23
2.46
2.39
2.67
2.30
2.23
2.46
2.39
2.68
2.01
1.92
1.85
2.26
2.85
2.03
1.93
1.85
2.27
2.82
2.07
1.98
1.86
2.27
2.82
2.07
1.98
1.86
2.28
2.81
2.07
1.99
1.86
2.29
2.80
2.11
1.99
1.87
2.29
2.81
3.11
2.42
2.55
2.27
3.05
2.45
2.57
2.29
3.07
2.45
2.57
2.30
3.06
2.46
2.57
2.30
3.02
2.45
2.56
2.30
2.71
2.74
2.67
2.62
2.33
1.94
2.73
2.77
2.69
2.63
2.34
1.94
2.74
2. 78
2.71
2.66
2.35
1.94
2.74
2.78
2.70
2.72
2.37
1.94
2.75
2.80
2.71
2.74
2.37
1.94
Nondurable goods industries
Food and kindred products 9
M^eat products
Canning and preserving
Bakery products
do
do
do
do
do
do —
do
do
-- do
do
_._do
Nonmanufacturing industries:
Mining
do
M^etal
do
Anthracite
do.._
Bituminous coal
do
Petroleum and natural-gas production (except
contract services)
dollars
Nonmetalltc mining and Quarrying
do
Contract construction
_ __
do
Nonbuilding construction
do
Building construction
- do. _
Transportation and public utilities:
Local railways and bus lines
Telephone
Gas and electric utilities
Wholesale and retail trade:
Wholesale trade
Retail trade (except eating and
places) 9
General merchandise stores
Food and liquor stores
Automotive and accessories dealers
Finance, insurance, and real estate:
Banks and trust companies!
Service and miscellaneous:
Hotels, year-round
Laundries
--
Average hourly gross earnings per worker on payrolls
of nonagricultural establishments:
All manufacturing industries
- dollars
Excluding overtime!
do
Durable goods industries
_
do_ _
Excluding overtime^
do
Ordnance and accessories
do
Lumber and wood products (except furniture)
dollarsSawmills and planing mills
do
Furniture and
fixtures
do
Stone, clay, and glass products
__do _
Primary metal industries
- - do
Blast furnaces, steel works, and rolling mills
dollarsFabricated metal products d*
do
Machinery (except electrical)
do _
Electrical machinery
_ __ _ do _Transportation equipment 9
Motor vehicles and equipment
Aircraft and parts
Ship and boat building and repairs
Instruments and related products
Miscellaneous mfg. industries
do._.
do _
do
do.-_
do _
do —
2.08
2.08
2.06
2.07
2.07
Nondurable goods industries
do_ _
2.02
2.01
2.01
2.01
2.01
Excluding overtime!
do
2.19
2.18
2.18
2.19
2.15
Food and kindred products?
_..do...
2.43
2.45
2.42
2.43
2.44
Meat products
do..1.80
1.79
1.85
1.81
1.81
Canning and preserving
do
2.17
2.18
2.19
2.15
2.16
Bakery products
do_. r
v
Revised.
Preliminary.
d1 Except ordnance, machinery, and transportation equipme nt.
9 Includes data for industries not shown separatelj
{Revised series (first shown in September 1959 SUEVEY); dat a beginni ag Januar y 1958 are calculate d on
December 1957.
§Derived by assuming that overtime hours are pai d at the r ate of tim 3 and one half.
"72.01
P 64. 78
P 55. 26
p 98. 09
p 106. 69
p 106. 55
p 123. 22
P 102. 40
P 61. 49
67.11
49.56
71.25
88.48
69.00
49.69
72.31
88.71
70.31
70.69
71.81
71.42
71.80
71. 62
49.23
48.22
54.57
49.63
47.48
52. 82
48.83
47.85
54.53
49.10
47.72
53.53
49.60
48. 36
54.67
49.20
48.48
53.82
2.30
2.24
2.46
2.39
2.68
2.32
2.26
2.48
2.42
2.69
2.32
2.27
2.48
2.42
2.69
2.32
2.26
2.47
2.42
2.69
2.32
'2.27
'2.48
2.42
2.70
2.33
2.27
'2.49
2.43
'2.70
P2.34
2.06
1.95
1.87
2.30
2.80
2.01
1.91
1.87
2.31
2.80
2.01
1.91
1.88
2.31
2.83
2.00
1.92
1.86
2.30
2.86
1.98
1.91
1.86
2.30
2.85
'2.00
1.92
'1.87
2.31
2.86
' 2. 04
1.96
' 1.86
2.32
'2.88
P2.07
3.03
2.48
2.57
2.32
3.02
2.47
2.58
2.31
3.01
2.46
2.58
2.33
3.08
2.47
2.60
2.36
3.13
2.47
2.61
2.35
3.10
2.47
2.61
2.35
3.12
2.47
2.62
2.35
3.14
'2.49
'2.63
2.36
2.81
2.87
2.74
2.78
2.38
1.95
2.81
2.87
2.73
2.78
2.37
1.95
2.79
2.83
2.74
2.76
2.38
1.96
2.80
2.83
2.76
2.80
2.41
1.98
2.78
2.81
2.75
2.77
2.41
1.99
2.78
2.80
2.76
2.78
2.41
1.99
2.77
2.80
2.76
2.76
2.42
1.99
'2.79
2.82
2.75
2.77
'2.43
1.99
?2.80
2.09
2.02
2.14
2.47
1.77
2.21
2.09
2.03
2.17
2.46
1.80
2.21
2.10
2.04
2.20
2.48
1.78
2.22
2.11
2.06
2.22
2.49
1.84
2.23
2.12
2.07
2.25
2.52
1.84
2.23
2.11
2.06
2.25
2.52
1.85
2.25
2.12
2.06
2.26
2.50
1.88
2.24
2.13
2.07
2.26
2.48
1.92
2.24
P2.13
68. 25
48.53
73.69
89.79
P2.50
p 2 . 71
p 1. 86
P2.33
p 2. 89
p 2. 50
p 2. 63
P2.36
P2.42
P2.00
p2. 27
a dif lerent ba< is and an3 not strictly compjirable wit h publish ed figure s through
SUEVEY OF CURRENT BUSINESS
June 1961
S-15
1961
1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
January
February
March i
April
May
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Average hourly gross earnings per worker on payrolls
of nonagri cultural establishments— Continued
All manufacturing industries— Continued
Nondurable goods industries— Continued
Tobacco manufactures
- dollars. .
Textile mill products 9
do
Broadwoven fabric mills
- do
Knitting mills
-- - ..-do
Apparel and other finished textile prod
do
Paper and allied products
- do
Printing, publishing, and allied industries— do
Chemicals and allied products
do
Industrial organic chemicals
do
Products of petroleum and coal
do
Petroleum refining
_do
Rubber products
do
Leather and leather products
do
Nonmanufacturing industries:
Mining
Metal
Anthracite
Bituminous coal
Petroleum and natural-gas production
contract services)
Nonmetallic mining and quarrying
Contract construction
Nonbuilding construction
Building construction
do
do _
..do
do
(except
dollars
__do
do
__do. __
do
Transportation and public utilities:
Local railways and bus lines
- do
Telephone
do
Oas and electric utilities
do
Wholesale and retail trade:
\Vholesole trade
- do
Retail trade (except eating and drinking places) 9
dollars.General merchandise stores
do
Food and liquor stores
- do
Automotive and accessories dealers
do
Service and miscellaneous:
Laundries
Cleaning and dyeing plants
do
do
Miscellaneous wage data:
Construction wages (ENR): §
Common labor
dol. per hr__
Skilled labor
do
Equipment operators
- - do
Farm wages, without board or room (quarterly)
dol per hr
Railroad wages (average, class I)
- do
Road-building wages common labor (qtrly) do
1.80
1.61
1.60
1. 50
1.53
2.24
2.37
2.75
2.48
2.68
2.93
3.03
2.47
1.64
1.80
1.63
1.61
1.52
1.54
2.26
2.40
2.77
2.49
2.65
2.90
3.01
2.52
1.65
1.82
1.63
1.62
1.52
1.54
2.28
2.43
2.77
2.52
2.67
2.91
3.02
2.53
1.65
1.82
1.62
1.61
1.50
1.55
2.29
2.44
2.78
2.55
2.70
2.92
3.03
2.55
1.64
.71
.62
.61
.51
.57
2.30
2.45
2.77
2.54
2.68
2.89
3.00
2.51
1.64
1.57
1.62
1.60
1.52
1.58
2.32
2.47
2.80
2.54
2.70
2.92
3.03
2.52
1.65
1.61
1.63
1.60
1.53
1.59
2.31
2.46
2.79
2.53
2.70
2.89
3.00
2.55
1.66
1.74
1.62
1.59
1.53
1.58
2.30
2.46
2.80
2.54
2.71
2.92
3.02
2.54
1.66
1.78
1.62
1.59
1.52
1.57
2.32
2.47
2.82
2.55
2.72
2.94
3.03
2.56
1.65
.76
.62
.59
.52
.59
.32
2.46
2.81
2.55
2.72
3.02
3.13
2.54
1.66
1.79
1.63
1.59
1.53
1.59
2.32
2.46
2.81
2.55
2.72
3.02
3.12
2.52
1.67
1.81
1.63
1.60
1.54
r
1.60
2.32
2.46
2.82
2.54
2.72
r
3.02
3.14
2.53
1.67
'1.89
1.64
1.60
1.54
1.58
2.33
2.47
2.82
2.55
2.72
'3.03
3.15
'2.55
' 1. 67"
2.71
2.66
2.77
3.27
2.70
2.67
2.78
3.27
2.69
2.67
2.75
3.28
2.68
2.69
2.75
3.26
2.67
2.68
2.74
3.26
2.68
2.71
2.74
3.26
2.69
2.72
2.76
3.27
2.68
2.70
2.73
3.25
2.70
2.72
2.74
3.26
2.74
2.71
2.81
3.29
2.72
2.70
2.87
3.27
2.69
2.71
2.68
3.25
2.72
2.73
2.72
3.25
2.83
2.25
3.23
2.87
3.32
2.83
2.25
3.24
2.90
3.34
2.81
2.25
3.24
2.91
3.34
2.84
2.28
3.27
2.96
3.37
2.79
2.28
3.28
3.00
3.37
2.84
2.30
3.31
3.01
3.40
2.84
2.30
3.32
3.02
3.42
2.83
2.31
3.32
2.97
3.42
2.83
2.31
3.38
3.04
3.46
2.97
2.31
3.39
3.05
3.47
2.94
2.30
3.40
3.03
3.48
2.91
2.29
3.37
3.00
3.46
2 96
2.30
3.37
3.02
3.46
2.29
2.22
2.67
2.31
2.24
2.68
2.32
2.24
2.68
2.32
2.26
2.69
2.32
2.26
2.70
2.33
2.34
2.76
2.32
2.30
2.74
2.33
2.30
2.75
2.37
2.32
2.77
2.38
2.32
2. 76
2.38
2.32
2.77
2.39
2.32
2.76
2.37
2.33
2.76
2.29
2.30
2.31
2.32
2.31
2.33
2.33
2.33
2.33
2.34
2.34
2.35
2.36
1.79
1.42
1.97
2.08
1.81
1.45
2.00
2.07
1.82
1.45
2.01
2.07
1.82
1.45
2.01
2.07
1.81
1.44
2.01
2.04
1.82
1.45
2.03
2.01
1.83
1.45
2.04
2.05
1.82
1.44
2.07
2.05
1.78
1.40
2.03
2.02
1.84
1.47
2.06
2.03
1.84
1.46
2.06
2.00
1.83
1.46
2.06
2.04
1.85
1.47
2.07
2.05
1.20
1.20
1.42
1.21
1.22
1.42
1.22
1.22
1.43
1.22
1.22
1.41
1.22
1.22
1.41
1.23
1.23
1.42
1.24
1.23
1.43
1.24
1.23
1.41
1.25
1.23
1.42
1.23
1.23
1.42
1.24
1.23
1.42
1.24
1.24
1.42
1.23
1.24
1.42
r 2. 651
r 3. 969
3.598
r 2. 684
«• 4. 004
3.604
r 2. 708
r 4. 036
3. 635
2.724
' 4. 067
3.664
2.734
r 4. 077
3.695
2.739
' 4. 090
3.712
2.739
4.090
3.718
2.745
4.095
3. 727
2.747
4 099
3.728
2.765
4.118
3.736
2.765
4.119
3.747
2.765
4.120
3.747
2.775
4.133
3.760
1.03
2.585
1.92
2.588
2.581
1 02
2.621
2.11
2.592
2.645
90
2. 650
2.21
2.646
2 655
1 08
2.656
2.03
2.8
1.4
3.6
1.1
2.0
3.2
1.7
3.3
1.1
1.6
3.9
2.3
3.3
1.1
1.7
2.9
1.7
3. 6
1.1
2 0
3.8
1.9
4.3
1.5
2.2
3.8
1.9
4.4
1.9
2.0
2.8
1.5
3.8
1.0
2 2
2.3
10
39
7
2 7
1.9
7
4.1
6
30
3.1
1.0
4.3
.7
30
352
150
367
156
400
214
319
125
361
134
271
131
258
106
192
53
110
28
535
222
1,930
574
236
2,110
629
314
2,950
530
233
2,140
554
221
1,700
500
209
1,650
432
146
1,500
368
85
732
250
53
458
r
2.703
Pl.89
pl.64
pl.57
P2.33
P2.83
p2. 58
P3.02
P2.56
pl.68
2. 815
4 163
3 791
1 04
2.641
LABOR CONDITIONS
Labor turnover in manufacturing establishments:
Accession rate, total
mo. rate per 100 employees. _
New hires
do
Separation rate, total
do
Quit
_..do
Lavoff
do
Industrial disputes (strikes and lockouts) :
Beginning in month:
Work stoppages
number..
Workers involved
thousands..
In effect during month:
Work stoppages ___
number..
Workers involved
thousands..
Man-days idle durine month. __
.do
EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
Nonfarm placements _
thousands __
Unemployment insurance programs:
Insured unemployment, all programsf9
do
State programs :f
Initial claims ...do
Insured unemployment, weekly average...
do
Percent of covered employmentcf1..
__
Beneficiaries, weekly average
thousands-Benefits paid
mil. of dol. _
Federal employees, insured unemployment
thousands-Veterans' program (UCX):*
Initial claims
do
Insured unemployment, weekly average do __
Beneficiaries, weekly average
_ _ do
Benefits paid
mil. of dol—
Railroad program:
Applications.
thousands-Insured unemployment, weekly average do
Benefits paid
mil. of dol—
T
2.7
9
3.6
.6
r
3.3
10
>-3.4
"3.1
25
r2 2
p
170
80
210
120
220
55
320
94
300
100
700
330
150
940
350
75
610
460
126
1,180
P! 2
J>2. 8
.7
P 8
l6
511
534
537
491
556
584
517
430
378
365
342
417
2,078
1,801
1,700
1,826
1,804
1,781
1,839
2,225
2,847
3,515
'3,638
3,403
1,232
1,939
4.9
1,792
237.4
1, 162
1,682
4.3
1,494
204.9
1,197
1,588
4.0
1,447
198.9
1,426
1,686
4.3
1,392
183.8
1,407
1,657
4.2
1,399
206.3
1,206
1,598
4.0
1,418
201.8
1,393
1,678
4.2
1,395
189.9
1 744
2,039
51
1,603
231.1
2 175
2,639
6 6
2,069
300.2
2 381
3,266
81
2,722
397.6
1 919
3,394
8 4
2,984
399.3
1 709
3,168
7 8
2,899
461.5
1 468
2,779
6 8
2,664
362.5
2,328
5 7
33
30
29
30
30
28
30
33
35
40
41
40
36
33
23
54
55
7.0
22
45
45
6.0
27
45
44
6.0
30
49
43
5.5
32
52
48
6.8
27
49
48
6.4
29
50
45
5.9
33
59
52
7.0
36
71
64
8.6
39
33
86
81
91
89
11.0
11.0
35
91
80
11.6
29
83
95
12.0
6
54
10.4
5
45
7.9
6
39
7.5
81
61
7.4
31
65
12.1
99
107
18.5
20
82
15.2
23
95
16.0
21
103
18.8
10
106
22.3
•p i no
22.2
38
123
13
113
19.7
440
1
3, 006 P 12, 531
. .-
Revised.
p Preliminary.
i Excludes persons under Temporary Extended Compensation program and under extended duration provisions (thous.): 1961—April, 580 and 40; May, 747 and 11 respectively
9 Includes data not shown separately.
§ Rates as of June 1,1961: Common labor, $2.836; skilled labor, $4.197; equipment operators, $3.822. Scattered revisions for January
J 1958-March
I960 will be shown later.
tBeginning with the October 1959 SURVEY, data are revised to include operations in Alaska and Hawaii; figures for State programs are also revised to exclude Federal employees'
program (shown separately below).
d" Rate of covered employment expresses average insured unemployment in each month as a percentage of average covered employment for the most recent 12-month period for which data
are available (the lag for covered employment data may range from 6 to 8 months).
* New
series. Data relate to persons eligible for compensation under the Ex-Servicemen's Unemployment Compensation Act of 1958 (effective Oct 27 1958)
SURVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
June 1961
1960
April
May
June
July
August
1961
Septem- October Novem- December
ber
ber
January
February
March
2,231
4 885
1,418
4 884
1,415
3,467
3,469
5,023
2,640
5,110
665
1,718
650
1,790
255, 397
100, 455
53, 354
230, 917
91, 151
48, 529
238, 932
50. 549
49. 817
27, 806
April
May
FINANCE
BANKING
Open market paper outstanding, end of mo.:
Bankers' acceptances
__mil.
Commercial and finance company paper, total
Placed through dealers
Placed directly (finance paper)*
of dol__
do
do____
do
1,336
4,269
888
3,381
1,263
4,492
920
3,572
1,382
4,459
1,021
3,438
1,561
4,652
1,116
3,536
1,656
4,920
1,266
3,654
1,668
4,558
1, 263
3,295
1,753
5,056
1,365
3,691
1,868
5,097
1,380
3,717
2,027
4,312
1, 252
3,060
2,029
4 949
1,404
3,545
2,049
4 907
1,418
3,489
Agricultural loans and discounts outstanding of agencies supervised by the Farm Credit Adm.:
Total
mil. ofdol..
Farm mortgage loans: Federal land banks.. do
Loans to cooperatives
do
Other loans and discounts
do
4,690
2,446
594
1,649
4,747
2, 468
565
1,714
4,812
2,487
551
1,774
4,853
2,500
557
1, 795
4,871
2,515
562
1,794
4,870
2,528
589
1,753
4,837
2,538
638
1,660
4,787
2, 548
652
1,587
4,795
2,564
649
1,582
4.851
2, 581
675
1,595
4,936
2,605
683
1,648
226, 007
do
do.... 86, 174
46, 862
do
232, 844
88, 551
47, 895
250, 852
99. 809
50. 415
223. 539
86, 063
45, 254
241, 771
92,435
49,474
240, 772
97, 162
47, 909
233, 131
89, 905
47, 567
235,100
91, 020
47, 577
256, 905
101, 551
52, 313
51, 983
27, 131
571
25, 558
19, 066
51,144
27, 262
342
26, 035
19, 059
52, 394
27, 869
258
26, 523
19, 029
52,116
28, 131
343
26, 885
18, 839
52, 009
27, 907
405
26, 762
18, 709
52,134
28. 402
181
27. 024
18, 394
52,183
28, 729
193
27, 402
18, 107
51, 962
28, 731
101
27, 488
17,610
52, 984
29, 359
33
27, 384
17, 479
50, 235
27,560
60
26, 570
17, 140
do
do_ __
do
do. _
51, 983
18, 976
17, 850
27, 258
51,144
18, 643
17, 619
27, 344
52, 394
19, 126
17,941
27, 505
52, 116
19,305
18, 261
27, 612
52, 009
18, 853
17, 735
27, 621
52, 134
19,110
17.942
27, 651
52, 183
19, 120
17, 956
27, 680
51, 962
17, 924
16, 770
28, 066
52, 984
18, 336
17. 081
28, 450
50, 235
17, 268
16, 066
27, 700
Ratio of gold certificate reserves to deposit and FR
note liabilities combined
percent..
41.2
41.4
40.8
40.2
40.3
39.3
38.7
38.3
37.4
All member banks of Federal Reserve System , averages
of daily figures:*
Excess reserves
mil. of dol__
Borrowings from Fed Reserve banks
do
Free reserves
do
408
602
-194
469
502
-33
466
425
41
508
388
120
540
293
247
639
225
414
638
149
489
756
142
614
60, 702
58, 185
58, 649
59, 392
58, 934
58, 813
59, 794
63, 770
4,981
3,219
62, 259
5,137
5,002
62, 026
4,718
4,965
62, 469
4,947
4, 549
62, 236
4,794
3, 676
62, 306
4,630
5,524
63, 918
4, 945
4,413
30, 454
28, 679
1,640
12, 638
30,613
28, 805
1,676
13, 352
31,157
29, 250
1,778
13, 299
31. 428
29,417
1,882
13,736
31, 858
29, 738
1,987
13, 592
32,186
30,112
1.945
13,784
32, 502
30, 432
1,940
14, 993
35, 563
35, 082
34, 733
36, 679
36, 902
37. 490
25, 991
1,474
444
24, 073
9,572
25, 752
1,314
874
23, 564
9,330
25, 359
950
874
23, 535
9,374
27, 062
2,782
848
23, 432
9, 617
27, 381
2,612
1,309
23, 460
9, 521
67, 492
30, 927
1,812
67, 843
31,156
1,705
68, 691
31,632
1,665
68, 469
31,093
1,982
1,251
5, 891
12,581
18,099
1,274
5,946
12, 548
18, 149
1,267
6,205
12, 543
18, 130
1,279
6,194
12, 510
18, 486
Bank debits total (344 centers)
New York City.
6 other centerscf
--
Federal Reserve banks, condition, end of month:
Assets, total 9
d°
Reserve bank credit outstanding, total 9
-do
Discounts and advances
do
United States Government securities
do _.
Gold certificate reserves
do
Liabilities total 9
Deposits total 9
IVT ember-bank reserve balances
Federal Reserve notes in circulation
Weeklv reporting member banks of Fed. Reserve System, condition, Wednesday nearest end of month:f
Deposits:
Demand adjusted©
mil. of dol
Demand', except interbank":
Individuals partnerships and corp
do
States and political subdivisions
do_ _
United States Government
do
Time except interbank total 9
Individuals partnerships and corp
States and political subdivisions
Interbank (demand and time)
do
do
do
do
Investments, total
do. __
U.S. Government obligations, direct and guaranteed total
mil of dol
Bills '
do
Certificates
do
Notes and bonds
do
Other securities
do
Loans (adiusted), total©
do
Commercial and industrial
do
To brokers and dealers in securities
do
Other loans for purchasing or carrying securities
mil of dol
To nonbank financial institutions
do
Real estate loans
do
Other loans
_
_
do _.
Money and interest rates :§
Bank rates on business loans:
In 19 cities
New York City
7 other northern and eastern cities
11 southern and western cities
247, 659 <• 222. 675
94, 473
89, 831
44, 861
52, 382
r
2,669
50,188
5,174
2,701
613
1,859
111,463
53, 782
50, 438
27, 866
28, 060
53
115
27,950
67
26, 667
17, 075
26, 688
26, 772
26, 887
17,099
17,089
16,061
50,188
17,546
16,158
50. 549
17,355
16,277
27, 548
27, 520
27, 415
49, 817
16, 966
16, 107
27, 570
38.1
38.0
37.9
38.0
38.4
769
87
682
745
49
696
654
546
'618
P612
137
517
70
476
'562
59, 762
61, 490
60, 686
59, 291
59, 488
i 61, 396
64, 302
4,862
3,511
67, 026
4, 691
3,956
64, 581
5,079
3,081
64,118
5,008
62, 730
3,819
4,777
2,858
i 64, 880
i 5, 170
i 1,068
32, 483
30, 334
2,017
15, 660
33.114
30, 760
2,220
15,493
34, 329
31,790
2,393
14, 652
34, 661
32, 130
35, 207
32, 647
i 35, 808
33, 005
2,390
2,409
2,654
14, 657
13, 967
i 14, 234
38, 994
38,883
40, 242
40, 859
40, 686
39, 889
1
27,816
2, 825
1, 364
23. 627
9,674
29, 305
4,037
1,458
23, 810
9,689
29,312
3, 500
1,327
24,485
9,571
30, 165
4,028
1, 537
24, 600
10, 077
30,712
4,463
1,594
24, 655
10, 147
30, 265
29, 155
67, 948
30, 955
1,865
68, 727
31, 526
2,066
68, 812
31,637
2,260
68, 445
31, 749
1,851
70, 174
31, 931
2,610
68, 792
31,007
2,268
1,274
5,843
12, 506
18,247
1.292
5,793
12.556
17, 955
1,294
5,479
12, 522
18, 393
1,281
5,323
12,524
17, 895
1,318
5, 927
12, 508
18, 716
1, 285
5,178
12, 469
19, 371
5.35
5.19
5.34
5.58
percent
do
do
do
T
2,254
50, 438
3,653
1,081
25, 531
10, 421
40, 767
29, 975
2,753
3,560
1,284
25, 131
10, 792
i 68, 947
31, 491
2,391
68, 955
68, 784
31,959
2,217
1,800
1,284
1,284
12, 450
19, 439
4,997
12,417
19,418
4.99
4.77
4.97
5.33
4.97
4.74
4.96
5.32
56
1,146
25, 256
10, 734
31,303
5,278
17.562
16,419
111
1,353
4,868
12 460
19, 491
4 97
4.75
4.96
5.29
Discount rate, end of mo. (N.Y.F.R. Bank)__.do
Federal intermediate credit bank loansj
do
Federal land bank loans!
do
4.00
5.57
6.00
4.00
5.31
6.00
3.50
5.30
6.00
3.50
5.11
6.00
3.00
4.75
6.00
3.00
4.55
6.00
3.00
4.43
6.00
3.00
4.34
6.00
3.00
4.21
6.00
3.00
4.05
5.76
3.00
4.04
5.75
3.00
3.99
5.74
3.00
3.99
5.60
3.00
4 00
5.60
Open market rates, New York City:
Bankers' acceptances (prime, 90 days) .
do .
Commercial paper (prime, 4-6 months)... _ do_ __
Finance Co. paper placed directly, 3-6mo.*._do
Stock Exchange call loans, going rate
do
3.88
4.16
3.74
5.50
3.78
4.25
3.88
5.11
3.28
3.81
3.24
5.00
3.13
3.39
2.98
5.00
3.04
3.34
2.94
4.85
3.00
3.39
3.13
4.50
3.00
3.30
3.11
4.50
3.00
3.28
2.91
4.50
2.92
3.23
2.97
4.50
2.86
2.98
2.78
4.50
2.78
3.03
2.65
4.50
2.94
3.03
2.76
4.50
2.84
2.91
2.58
4.50
2.68
2.76
2.50
4.50
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
percent.,
3-5 year issues
do _.
3.244
4.23
3.392
4.42
2.641
4.06
2.396
3.71
2.286
3.50
2.489
3.50
2.426
3.61
2.384
3.68
2.272
3.51
2.302
3.53
2.408
2.420
2.327
3.54
2.288
3 43
3.39
3 28
Savings deposits, balance to credit of depositors:
21,051
20, 874
21,063
21, 135
21, 500
20, 684
20, 848
20, 832
21. 400
21, 438
New York State savings banks
mil. of dol._ 20, 659
21,610
21, 720
21 652
779
810
879
849
836
823
798
788
749
739
U.S. postal savings^
do
720
'770
760
r Revised.
v Preliminary.
i Data for all items shown are as of April 26, 1961.
*New series (from Board of Governors of Federal Reserve System); for back data, see Federal Reserve Bulletins.
cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
9 Includes data not shown separately.
f Revised series (effective with July 1959 data), reflecting change in coverage and format; unpublished revisions for July-December 1959 for commercial and industrial loans and loans
to nonbank financial institutions are available upon request. Figures through 1958 on old basis appear in the 1959 edition of BUSINESS STATISTICS; January-June 1959 figures (old basis), in
September 1959 SURVEY.
©For demand deposits, the term "adjusted" denotes exclusion of interbank and U.S. Government deposits and of cash items reported as in process of collection; for loans, exclusion of
loans to banks (domestic commercial banks only, beginning July 1959) and deduction of valuation reserves (individual loan items are gross, i.e., before deduction of valuation reserves).
§For bond yields, see p. S-20.
JMinor revisions prior to September 1959 will be shown later.
iData are as of end of consecutive 4-week periods ending in month indicated, except June figure which is as of June 30 (end of fiscal year).
SURVEY OF CURRENT BUSINESS
June 1961
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-17
1960
April
May
Juno
July
August
1961
Septem- October Novem- December
ber
ber
January
February
March
April
May
FINANCE— Continued
CONSUMER CREDIT t
(Short- and Intermediate- term)
52, 353
52, 991
53, 662
53, 809
54, 092
54, 265
54, 344
54, 626
56, 049
55, 021
54, 102
53, 906
53, 972
do
40, 651
41, 125
41, 752
42, 050
42, 378
42, 517
42, 591
42, 703
43, 281
42, 782
42, 264
42, 058
41, 988
Automobile paper
Other consumer goods paper
Repair and modernization loans
Personal loans
do
do
do
do
17, 170
10, 281
2,814
10, 386
17,431
10, 339
2,865
10, 490
17,755
10, 462
2, 905
10, 630
17, 893
10.452
2,934
10, 771
18, 020
10,477
2,975
10, 906
18,021
10, 543
3. 001
10, 952
17,992
10, 625
3,013
10, 961
17, 967
10, 715
3,020
11,001
17,866
11,215
3,008
11,192
17,611
11,050
2,967
11,154
17,383
10, 793
2.935
11,153
17, 265
10, 679
2,922
11,192
17, 200
10, 585
2,922
11,281
By type of holder:
Financial institutions total
Commercial banks
Sales finance companies
Credit unions
Consumer finance companies
Other
do
do
do
do
do__ do
35, 431
15,711
10, 604
3. 471
3,872
1,773
35, 902
15,911
10, 744
3, 537
3, 902
1,808
36, 481
16,145
10, 945
3, 626
3, 957
1,808
36. 857
16, 239
11,062
3,679
4,049
1,828
37, 199
16, 362
11.142
3, 754
4,099
1,842
37,318
16,416
11, 154
3, 795
4,111
1,842
37. 330
16, 408
11,147
3,833
4,097
1, 845
37, 368
16, 402
11, 141
3, 870
4, 107
1,848
37, 502
16. 398
11,134
3,906
4,212
1,852
38, 186
17, 261
11,030
3,860
4,179
1,856
37. 790
17,001
10,914
3,863
4, 151
1,861
37, 542
16, 860
10, 787
3,897
4,131
1,867
37, 434
16, 776
10, 733
3,937
4,133
1,855
do
do
do
do
do
5, 220
2, 050
1, 135
496
1,539
5, 223
2, 054
1.125
503
1,541
5, 271
2,073
1, 132
512
1, 554
5, 193
2,020
1,124
516
1, 533
5,179
2,012
1,132
520
1,515
5, 199
2,049
1,129
519
1, 502
5, 261
2, 103
1,130
518
1,510
5, 335
2, 155
1,140
517
1, 523
5,779
2,401
1,189
513
1,676
4,596
1,342
1,151
504
1,599
4,474
1,348
1,121
497
1,508
4, 516
1,442
1,092
491
1,491
4,554
1,527
1,077
488
1, 462
Total outstanding end of month
mil. of dol _
Installment credit total
Retail outlets total
Department stores
Furniture stores
Automobile dealers
Other
-
do
11, 702
11,866
11,910
11, 759
11,714
11,748
11,753
11,923
12, 768
12, 239
11,838
11,848
11, 984
do
do
do
4,226
3,627
599
4,313
3,631
682
4,294
3, 682
612
4, 265
3, 663
602
4, 276
3, 656
620
4,317
3, 715
602
4,272
3,692
580
4,301
3,711
590
4,311
3,737
574
4,314
3,740
574
4,381
3,789
592
4,417
3,793
624
4,402
3,842
560
do
do
do
do
do
4, 245
656
3,206
883
3,231
4,342
646
3, 305
391
3,211
4,423
633
3, 382
408
3,193
4,311
584
3,295
432
3,183
4,277
584
3,236
457
3, 161
4,283
625
3.199
459
3,148
4,370
661
3,266
443
3,111
4, 463
709
3,326
428
3, 159
5, 187
941
3,801
445
3,270
4,599
805
3,346
448
3,326
4,037
669
2,926
442
3,420
4,004
637
2,926
441
3,427
4, 096
631
3, 035
430
3, 486
do
do
__ _ do __
do
4,509
1,692
1,202
1,615
4, 375
1, 658
1,183
1, 534
4, 615
1,733
1,267
1, 615
4, 156
1.473
1,085
1,598
4, 365
1,570
1,165
1,630
4,010
1,372
1.173
1,465
4,012
1,407
1,207
1,398
4,067
1,364
1,217
1,486
4.641
1,248
1.654
1,739
3,473
1,130
1,012
1,331
3,241
1,051
888
1,302
3,995
1,330
1,125
1,540
3, 765
1,247
1,053
1,465
do _
- do _do
do -
3, 878
1, 348
1,113
1,417
3,901
1,397
,125
,379
3,988
1,409
1,144
1,435
3, 858
1,335
1,095
1, 428
4,037
1,443
1,140
1, 454
3,871
1,371
1,107
1,393
3,938
1,436
1,125
1,377
3, 955
1, 389
1.127
1,439
4.063
1 , 349
1,154
1, 560
3,972
1,385
1,177
1,410
3, 759
1,279
1,145
1,335
4,201
1,448
1,239
1,514
3, 835
1,312
1,147
1, 376
do __
do
do
do
4,499
1,636
1,266
1,597
,255
,558
,170
,527
4,313
1,538
1,248
1 , 527
4,214
1,417
1,168
1,629
4,072
1,422
1,112
1,538
4,125
1,422
1,162
1,541
4,108
1,460
1, 165
1,483
4,134
1.482
1. 159
1, 493
4,007
1, 325
1, 200
1,482
3, 869
1,239
1,185
1,445
3,803
1,190
1,131
1,482
4,002
1,288
1,212
1,502
3,883
1,243
1,145
1, 495
3, 935
1,379
1,111
1,445
,911
,402
,126
1,383
3, 934
1,392
1,135
1,407
3,997
1, 385
1,148
1,464
3, 918
1,388
1,123
1,407
3,958
1,375
1,141
1,442
3,994
1,417
1,147
1,430
3, 946
1,397
1,119
1,430
3,931
1,356
1,156
1,419
3,972
1,387
1,154
1,431
4,011
1.363
1,191
1,457
3, 954
1,353
1, 163
1,438
4,022
1,388
1, 186
1,448
Noninstallment credit total
Single-payment loans total
Commercial banks*
Other financial institutions*
Charge accounts total
Department stores*
Other retail outlets*
Credit cards*
Service credit
-
-
Installment credit extended and repaid :
Unadjusted:
Extended total
Automobile paper
Other consumer goods paper
All other
Repaid total
Automobile paper
Other consumer goods paper
All other
Adjusted:
Extended total
Automobile paper
Other consumer goods paper
All other
-
-
-
Repaid total
do
Automobile paper
do
Other consumer goods paper
do
All other
do
FEDERAL GOVERNMENT FINANCE
Budget receipts and expenditures:
12, 804
3,976
7, 468
10,211
8, 751
7,900
9, 725
8, 590
3, 641
5, 537
11, 878
7,359
9,153
Receipts total
mil of dol
5,064
10, 891
3,128
8,981
6,454
6,300
8,524
6,550
7,643
4, 846
2,823
5, 125
6,537
Receipts, net f
do
90
91
84
87
93
91
80
91
88
82
92
73
70
Customs
do -.
4,125
1,401
4,290
5,783
4,648
2.974
4,996
4,486
3,198
3,171
1,296
4,319
5, 567
Individual income taxes
__
do
5, 530
619
670
455
467
409
3,492
3. 331
5,799
534
481
493
444
Corporation income taxes
. __ __ do _
1, 155
1,918
383
792
858
1,608
1, 295
596
348
1,814
389
1,348
736
Employment taxes
do
1,903
1,439
1,609
1,354
1,411
1,466
1,484
1,770
1,375
1,472
1,383
1,738
1,258
Other internal revenue and receipts
do
6, 521
6.032
6, 073
6,172
6,803
6,793
6,773
6,847
6, 470
6,829
7,012
6,450
6, 236
Expenditures, total J___
do. __
801
772
772
806
734
751
736
765
775
726
719
748
722
Interest on public debt _ _ _ _
do
421
428
404
422
461
436
416
422
438
444
431
480
Veterans' services and benefits
do
3,669
3,987
3,471
3,976
3,669
3,884
3,910
4,217
3,728
3,693
4,279
3,778
Major national security
do
1, 573
1,645
1,179
1,216
1,533
1,746
1,934
1,727
1,638
1, 612
1,344
1,528
All other expenditures
do
Public debt and guaranteed obligations:
288, 787 289, 367 286, 331 288, 338 288, 672 288, 423 290, 487 290, 414 290, 217 290, 036 290, 544 287, 471 287, 987 290, 146
Gross debt (direct), end of month, total
do
285, 773 286, 308 283, 241 285, 285 285, 634 285, 358 287, 372 287, 138 286, 820 286, 651 287, 190 284, 058 284, 631 286, 845
Interest bearing, total .
do
242, 930 242, 408 238, 342 241, 088 240,413 240, 382 243, 097 242, 578 242, 474 242, 827 243, 462 240, 057 241,619 242, 342
Public issues
do
10, 641
10, 283
10,385
10, 360
10, 748
10, 487
10, 661
10, 559
10, 671
10, 639
10, 677
10, 788
Held by U S Govt investment accts cf do
42, 843
44, 899
44, 198
44, 561
43, 900
45, 222
44, 977
43,012
44, 346
43, 824
44, 275
43, 727
44, 001
44, 503
Special issues
do
3,
014
3,059
3,090
3,053
3,038
3,276
3,385
3,065
3,396
3, 354
3,115
3,356
3,414
Noninterest bearing
do
3,300
132
133
134
140
157
161
153
156
159
160
196
219
Obligations guaranteed by U.S. Govt., end mo..do
211
225
U.S. savings bonds:
47, 953
47, 889
47, 824
47, 620
47, 596
47, 629
47, 578
Amount outstanding, end of month
do
47,605
47, 527
47, 553
47, 678
47, 621
47, 665
47, 712
340
349
354
340
355
456
326
348
340
346
348
416
Sales, series E and H
do
435
371
564
683
508
527
476
398
575
559
453
433
Redemptions
_
_ _ _ do
413
489
448
436
LIFE INSURANCE
Institute of Life Insurance: t
Assets, total, all U.S. life insurance companies
mil. of dol.. 115,394 115, 908 116,377 117,005 117, 581 117, 947 118, 544 119, 066 119,717 120, 467 120, 951 121, 469 121, 921
Bonds (book value), domestic and foreign, total
__
mil. of dol— 57, 291 57, 494 57, 557 57,877 58, 031 58, 164 58, 398 58, 619 58, 685 59, 092 59, 240 59, 364 59, 545 _
6,723
6,661
6,632
U.S. Government
.
do
6,559
6,592
6,524
6,444
6,586
6,547
6,545
6, 535
6,542
6,488
3,278
3,304
3,421
State, county, municipal (U.S.)
do
3,317
3,464
3,622
3,579
3,605
3,546
3,735
3,671
3,702
3,769
Public utility (U.S.)
do.... 15, 783 15, 807 15, 843 15,834 15, 844 15, 868 15, 875 15, 924 15,942 15, 967 15, 976 15, 962 15, 985
3,764
3,770
3,767
Railroad (U.S.)
do
3,766
3,758
3,732
3,711
3,756
3,749
3,750
3,715
3,706
3,712
24, 224
24, 384
24, 729
Industrial and miscellaneous (U.S.)
do
24,473 ' 24,609
25, 108
25, 225
25, 420
24, 743
24, 998
25. 672
25,485 ' 25, 564
T
Revised.
*> Preliminary. jRevised series (to incorporate more comprehensive information recently available, other changes, and to include data for Alaska beginning January 1959
and for Hawaii beginning August 1959). Revisions for installment credit extend back to June 1956; those for noninstallment credit, back to January 1947. For revisions prior to November
1959, see the December 1960 and November 1959 issues of the Federal Reserve Bulletin.
*For data prior to March 1959, see Federal Reserve Bulletins.
^Data for net receipts and total expenditures reflect exclusion of certain interfund transactions; comparable data for July 1958-July 1959 will be shown later.
of For data prior to January 1959, see Treasury Bulletins.
tRc viDigitized
FRASER
sions forfor
January-October
1958 will be shown later-.
SUKVEY OF CUREENT BUSINESS
S-18
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
June 1961
1960
April
May
June
July
1961
DecemAugust Septem- October November
ber
ber
January
February
March
April
May
FINANCE—Continued
LIFE INSURANCE— Continued
Institute of Life Insurance©— Continued
Assets, all U.S. life insurance companies — Con.
Stocks (book value), domestic and foreign, total
mil. of dol__
Preferred (U.S.)
do
Common (U S.)
do
Mortgage loans, total
do
Nonfarm
do
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) :t
Value estimated total
mil of dol
Group and wholesale
do
Industrial
do
Ordinary total
do
New England
Middle Atlantic
East North Central
West North Central
South Atlantic
East South Central
do
do
do
do
do
do
West South Central
do
Mountain
do
Pacific (incl Alaska and Hawaii)
do
Institute of Life Insurance: t
Payments to policyholders and beneficiaries, esti" mated total
mil. of dol
Death benefits
do
Matured endowments
do
Disability payments
do
Annuity payments
Surrender values
Policy dividends
Life Insurance Association of America:
A
*rl
t
c\ h
do
do
do
1th
3,742
1, 753
1,944
40, 236
37, 358
3, 785
1, 770
1.971
40, 439
37, 545
3,788
1,723
2,019
40, 631
37, 722
3,828
1,790
1,988
40, 694
37, 769
3,881
1,818
2,010
40, 920
37, 982
3, 885
1,836
1,996
41,099
38, 153
3,941
1,871
2,017
41,313
38, 356
3,980
1,876
2,050
41,521
38,553
4,054
1,895
2,102
41, 798
38, 803
4,095
1,914
2,126
42, 008
39, 021
4.150
1, 936
2, 157
42,143
39, 152
4, 235
1,945
2,2^8
42, 35^
39 347
4,249
1,958
2,228
42, 553
39, 525
3.721
4,838
1,192
4,374
3, 766
4.897
1,180
4,347
3,786
4, 957
1,213
4,445
3,809
5,029
1,225
4,543
3,822
5,085
1,229
4,613
3,828
5,138
1,178
4,655
3,834
5,182
1,268
4,608
3,851
5,225
1,233
4,637
3,804
5, 267
1,332
4,777
3,813
5,303
1,278
4,878
3,822
5. 345
1,269
4,982
3, 823
5,409
1,219
5, 068
3,827
5,461
1,228
5,058
5,847
913
597
4,337
6,065
929
656
4,480
6,745
1,611
607
4,527
5,908
1,327
541
4,040
5,920
1,017
569
4,334
5, 577
1,031
550
3,996
6,086
1,228
580
4,278
6,654
1,623
543
4,488
6,998
1,694
485
4,819
5,074
1,094
503
3,477
5,327
896
526
3,905
8,879
3,627
605
4,647
6,135
1, 186
581
4,368
264
925
884
324
571
207
277
950
877
350
602
215
279
953
865
366
606
218
247
850
791
340
537
189
269
893
872
355
568
204
238
787
796
331
539
198
260
874
856
337
587
237
293
963
873
342
601
223
295
967
927
379
633
263
212
708
683
279
459
165
253
769
780
318
520
189
290
957
929
376
611
216
278
939
831
347
582
222
419
190
553
433
202
574
464
202
574
401
180
505
421
201
551
393
190
524
392
192
543
412
213
568
463
236
656
342
165
465
382
183
511
453
214
601
415
205
551
650.1
270.2
56.9
9.8
673.5
285. 6
57.7
10.2
672.9
280.0
57.3
9.9
605.7
251.4
48.4
9.7
679.4
292.2
51.4
10.7
633.3
260. 9
50.9
9.6
626.1
258.4
52.8
10.3
660. 7
283.1
57.5
10.1
853.7
295.7
58.4
11.5
711.2
304.2
62.9
11.9
683.2
292.2
56. 5
10.2
796. 7
325. 2
64.1
11.5
681.7
272.6
56.4
10.8
59.3
132.5
121.4
60.1
139.0
120.9
60.8
134.7
130.2
59.4
132.1
104.7
59.5
142.4
123.2
56. 5
125. 9
129.5
58.8
132.9
112.9
59.3
135.0
115.7
56. 1
147.2
284.8
81.2
138.5
112.5
61.9
139.8
122.6
65.6
165. 6
164.7
61.0
154.0
126.9
17, 441
-322
22, 463
2,779
17, 373
3
49, 138
2,209
17,388
161
140, 284
3,091
17, 390
92
89, 673
1,704
66, 700
12, 600
2,900
13, 700
3,700
3,200
4,503
4,580
.914
2, 815. 5
552 0
256. 8
357. 0
170.1
1, 479. 6
2,771 2
539 6
240.7
321.8
173.0
1,496 0
fin
Annuities
Group
Industrial
do
do
do
r
r
3 252 1
612 7
329.2
348. 4
286. 7
1,675. 1
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U.S. (end of mo.)
Net release from earmark §
Exports
Imports
19, 360
-71
278
8, 639
19, 352
-14
71
10, 321
90, 200
Production reported monthly total 9
do
67,000
Africa
do
1 2, 800
Canada
do
3, 500
United States
do
Silver:
1,255
Exports
do
6,739
Imports
do
.914
Price at New York
dol. perfineoz__
Production:
2, 589
Canada
thous of fine oz
4,240
Mexico
do
3,866
United States
do
Money supply (end of month, or last Wed.) :
31.6
Currency in circulation
bil. of dol
250.2
Deposits and currency, total
_.
do
2.8
Foreign banks deposits, net
do
5.7
U S Government balances
do
92, 000
68, 700
13, 200
4,100
mil. of dol_.
do
thous of dol
do
Deposits (adjusted) and currency, tot alt
do
Demand deposits, adjusted^..
.
do
Time deposits, adjusted^
do
Currency outside banks
_ do .__
Turnover of demand deposits except interbank and
U.S. Government, annual rates, seas, adjusted:!
New York City71
ratio of debits to deposits.6 other centersd
do
337 other reporting centers
_ _
do _
19. 144
-222
148
49, 096
19, 322
-102
121
76, 649
1
91, 600
i 67, 600
1 3, 500
3,900
1
1
92, 500
67, 800
13, 800
4,500
19, 005
-151
39
11, 954
1
1
92, 700
67, 800
13,300
4,900
18, 685
—319
167
5, 376
1
93, 100
1
67, 700
12,900
5,000
18.402
-397
270
125, 558
1
67, 500
14, 100
4,400
17, 910
-512
172
19, 556
1
17, 767
-145
123
3,397
67, 500 i 66, 400
13, 800
13, 700
3,900
4,300
1
67, 900
13. 200
3,200
1
1,003
3,982
.914
3,545
6,649
.914
2,074
4,396
.914
2,466
4,251
.914
1,801
5,864
.914
1, 754
3,999
.914
3,093
3,039
.914
3,667
4,638
.914
4,673
4,105
.914
3.188
3,658
.914
4,670
4,502
.914
2, 355
3,202
3,425
2,971
3,565
3,278
2,920
3,100
2,817
2. 650
3,941
3, 115
2,468
3,622
2,415
2,878
3,500
2,918
3,086
3,521
3,405
3,483
4,117
4,111
2, 515
4,280
3,325
2,524
3,460
3,190
2,876
3,285
31.9
249. 3
2.8
8.1
32.1
251.0
2.9
8.2
32.0
252.9
2.8
7.4
32.0
252.2
3.0
6.6
32.0
255. 1
2.9
8.7
32.1
257.5
3.1
7.1
32.6
257.0
3.1
6.5
32.9
263. 2
3.2
7.1
31.8
259.2
3.1
4.5
31.8
259.5
3. 1
6.9
31.9
258.9
3.3
5.3
241.7
111.5
102.3
27.9
238.4
107.7
102.6
28.1
239.8
107.8
103.7
28.3
242.6
110.1
104.2
28.4
242.7
108.9
105.2
28.5
243.6
109.3
106.0
28.3
247.2
112.2
106. 7
28.3
247.3
111.9
106.7
28.7
252 9
115.1
108.5
29.4
251.6
114.7
109.0
28.0
249.5
110.6
110.7
28.2
56.4
35.3
26.1
61.1
35.5
26.3
61.3
35.7
26.4
58.9
34.2
25.5
65.5
36.7
26.6
68.5
35.8
26.0
60.0
34.9
25.5
63.5
35.8
26.2
57.8
34.3
25.1
57.0
36.5
25.7
63.7
35.8
25.7
17, 403
.914
3,974
31.8
260. 6
3.2
3 2
261.5
1.1
5.9
250.2
110.3
111.9
28.0
* 254. 2
113.6
r
112.7
27.9
254.6
110.6
115.6
28.4
61.1
35.4
26.1
»"68.0
"•36.9
'25.7
74.6
^38.0
^26.9
r
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Fed. Trade and SEC):O
3,612
«• 3, 513
2,900
4 081
Net profit after taxes all industries
mil of dol
309
349
262
305
Food and kindred products
do
70
36
80
86
Textile mill products
do
Lumber and wood products (except furniture)
2
34
—4
45
mil of dol
1
141
144
121
159
Paper and al ied products.
do
r
Revised.
•» Preliminary.
1 Excludes Republic of the Congo.
©See footnote "J" for p. S-17.
{Insurance written includes data for Alaska beginning 1957 and for Hawaii beginning 1958; revised figures for 1958-April 1959 (including these States) will be shown later. Payments to
policyholders, etc., include data for Alaska beginning January 1959 and for Hawaii beginning September 1959.
§Or increase in earmarked gold (—).
9 Includes data for the following countries not shown separately: Mexico; Brazil; Colombia; Nicaragua; Australia; and India.
fThe term "adjusted" denotes exclusion of interbank and U.S. Government deposits; for demand deposits, also exclusion of cash items reported as in process of collection.
{Revised series, replacing unadjusted rates shown prior to the February 1960 SURVEY and incorporating two major changes. See the January 1960 Federal Reserve Bulletin for details and
data back to January 1950.
cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
OEffective with the July 1959 SURVEY, estimates are based on the latest revised (1957) Standard Industrial Classification Manual and, for most industries, are not comparable with
previously published data. Comparable data for 1st quarter of 1958 are available upon request.
SURVEY OF CURRENT BUSINESS
June 10G1
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-19
1960
April
May
June
July
1961
DecemOctober NovemAugust September
ber
ber
January
February
March
April
May
FINANCE—Continued
PROFITS AND DIVIDENDS— Continued
Manufacturing corporations©— Continued
Net profit after taxes — Continued
Chemicals and allied products
mil. of dol
Petroleum refining
do
Stone clay and glass products
do
Primary nonferrous metal
do
Primary iron and steel
do
Fabricated metal products (except ordnance,
machinery and transport equip ) mil. of dol
Machinery (except electrical)
do
Electrical machinery, equip., and supplies _ do _ _ _
Transportation equipment (except motor vehicles,
etc )
mil. of dol
M^otor vehicles and parts
do
All other manufacturing industries
do
559
623
187
141
263
441
832
117
95
150
421
783
44
104
103
123
315
265
131
'226
250
55
' 185
239
47
191
206
74
504
'i 432
50
191
'487
35
416
'426
61
254
269
2,024
1, 953
2,302
2,008
422
418
452
523
rl
Dividends paid (cash) all industries
do
Electric utilities, profits after taxes (Fed. Res.)
mil of dol
Transportation and communications (see pp. S-23 and
S-24).
504
738
177
116
132
SECURITIES ISSUED
Securities and Exchange Commission: t
Estimated gross proceeds total
By type of security:
Bonds and notes, total
Corporate.
_
Common stock
Preferred stock
By type of issuer:
Corporate, total? __ _
Manufacturing
Extractive (mining)
Public utility
Railroad __
Communication
Financial and real estate.-
mil. of dol
' 4, 573 ' 1, 939
do
_ _ do __
do
do
' 4, 347
__do
do
do
do
do _
do
do
'•SOS
'8
326
29
53
'144
'608
'104
'35
147
20
'37
'164
do
do
do
3,768
2,860
717
do
do
do
do
do
do
do
do
Noncorporate, total 9
U.S. GovernmentState and municipal
New corporate security issues:
Estimated net proceeds, total
Proposed uses of proceeds:
New money, total
Plant and equipment-.
Working capital
Retirement of securities
Other purposes
State and municipal issues (Bond Buyer) :
Long-term
Short-term
••580
'194
'32
2,502
' 1, 637 ' 3, 187
' 1, 808 ' 1,814
' 2, 237 ' 1, 511 ' 3 012 ' 1,680
'406
859
'821
' 651
'619
' 158
'231
' 141
'91
' 106
'44
'34
34
21
•'37
' 1, 737
' 1, 664
' 778
105
' 45
1,774
5,455
2, 161
3,395
1,645
472
99
30
5,288
529
130
37
2,007
542
125
29
2,227
1,067
1,111
57
'895
' 218
22
'183
11
' 101
'249
601
173
15
140
28
21
149
695
106
28
163
17
41
228
696
286
17
85
23
90
97
2,235
602
10
224
10
1,044
246
1, 465
434
756
1,159
348
710
' 1, 986 ' 1, 947
1,852
'875
'118
16
' 1,816
'764
'86
45
' 747
' 169
5
'307
16
'96
T
74
'928
' 196
9
' 215
8
256
' 150
' 1, 009
'283
14
'320
3
27
'245
' 1 062
338
682
886
345
343
'977
326
496
' 1, 052
348
490
1,173
455
706
4,760
4,069
660
'976
' 731
' 910
'988
' 879
590
682
679
2, 206
'895
'614
' 281
' 10
' 71
' 671
' 541
' 130
' 5
' 55
' 830
' 627
' 204
' 20
' 60
'805
'466
r
339
'32
' 152
'749
'496
' 253
' 27
' 103
552
359
192
10
28
612
304
308
14
56
484
289
195
118
77
2,042
1,712
331
91
73
607
505
682
199
343
254
496
499
490
279
706
334
660
496
756
397
'710
'201
361
3,113
1,018
2,229
362
3,220
1,021
2, 236
356
3, 259
1,059
2,320
377
3,243
1,063
2,300
380
3,240
1,062
2,268
390
3,317
1,135
2,275
413
3,330
1,269
2, 038
453
3,426
1, 392
1,999
427
' 3, 656
1, 507
1,997
433
3, 986
1,508
2,351
91.30
91.44
81 98
93. 15
93.32
81.98
93.25
93.40
82.35
93.09
93.27
81 19
92.82
92.99
81 48
91.70
91.87
80 64
93.21
93.38
82 12
92. 96
93.10
82.61
92.50
92.60
84.00
93.71
93. 85
83 39
93.84
93.98
83.38
94.1
102.1
84.39
94.2
103.1
86.50
94.8
103.9
88.12
96.4
106.7
88.93
96.7
106.7
88.57
96.0
105. 8
87.50
95.5
107.7
87.23
95.1
107.9
87.84
95.6
108.1
87.70
96.3
109.7
88.74
97.0
108.9
89.07
96.3
108.0
88.80
138, 221
131, 152
139, 696
133,902
156, 527
150, 183
115, 992
121, 746
133, 723
134, 804
107, 194
109, 017
117, 722
118, 667
115, 575
122, 200
142, 969
152, 457
151,316
159, 281
181,222
171,061
247, 683
222, 731
184,047
163, 398
136, 699
129, 427
137, 916
132, 101
153, 990
147, 589
114,373
119, 997
130, 349
132, 295
104, 218
106, 038
115, 822
116, 622
113,600
120, 176
140, 639
150, 051
148, 724
156, 486
174, 488
167, 232
237, 560
217,274
176, 003
159, 346
110,727
3
110, 724
104,813
5,911
114, 871
0
114, 871
109, 044
5, 827
120, 465
0
120, 465
115, 173
5,292
93, 696
0
93, 696
87, 282
6,414
109, 148
0
109, 148
102. 913
6,235
93, 925
0
93, 925
88, 783
5,142
99, 342
0
99, 342
92, 887
6,455
109, 300
0
109, 300
101,281
8,019
130, 176
0
130, 176
122, 924
7,252
144, 698
0
144, 698
138,053
6, 645
137, 643
0
137, 643
132, 409
5,234
178, 008
2
178,006
170, 782
7,224
138,037
0
138, 037
132, 002
6,035
109,007
106,176
1,626
109, 395
106, 576
1,612
106, 876
104, 039
1, 622
108, 994
106, 149
1,602
110,058
107, 192
1, 608
110, 100
107, 273
1,585
109,859
107, 004
1,613
106, 289
103, 465
1, 596
108, 257
105, 423
1,599
107, 981
105, 132
1,601
107 594
104, 722
1,619
109 937
107, 070
1, 606
110,318
107, 468
1.601
'261
'2
371
46
'62
'303
' 777
' 189
'24
' 143
31
58
'287
' 1, 331
368
556
1,378
350
978
' 860
353
475
'783
'590
' 1, 092
' 760
'675
479
'196
'22
86
' 514
'331
' 183
'13
'63
'992
'603
' 389
'48
r
52
' 657
' 325
'331
' 24
' 79
717
365
556
351
978
297
475
280
354
3,150
940
2,340
362
3,151
970
2,322
366
3,188
1,016
2,272
90.08
90.18
82.59
90.42
90.53
82.25
94.2
102.3
84.24
'179
r 1. 124
'996
'233
9
226
16
' 168
' 224
' 2. 191
1,371
607
580
278
SECURITY MARKETS
Brokers' Balances (N.Y.S.E. Members
Carrying Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)..
Customers' free credit balances (net)
Money borrowed
mil. of dol
do
.do
do
Bonds
Prices:
Average price of all listed bonds (N.Y.S.E.),
total§
_.
dollars
Domestic
_ _
do
Foreign
do
Standard & Poor's Corporation:
Industrial, utility, and railroad
(Al+issues):
Composite (21 bonds) d1
dol. per $100 bond..
Domestic municipal (15 bonds)
do
U.S. Treasury bonds, taxable!
_.
do. __
Sales:
Total, excluding U.S. Government bonds (SEC):
All registered exchanges:
Market value
_ _
thous. of dol
Face value
do
New York Stock Exchange:
Market value
_ _ _
do
Face value
do
New York Stock Exchange, exclusive of stopped
sales, face value, total§
thous. of dol__
IT S Government
do
Other than U.S. Government, total§
do
Domestic
do
Foreign
_
do
Value, issues listed on N.Y.S.E., end of mo.:
Market value total all issues§
mil. of dol
Domestic
do
Foreign
do
96.0
109 0
89.74
121,007 120, 979 117, 060 117,004 118,018 118,271 118,357 115, 909 116 147 116 163 116 315 117 312 117,565
Face value total, all issues§
do
Domestic
. . do 117,740 117, 719 113, 780 113,748 114, 763 115,015 115,074 112,625 112, 895 112, 920 113,089 114,088 114, 347
1,955
1,960
1,979
1,953
1,952
1,969
1,980
1,979
1, 920
1,947
1,938
1,927
1,926
Foreign
do
'Revised.
1 Revisions for 1st qtr. 1960 (mil. dol.): Machinery (except electrical), 257; all other, 396.
QSee corresponding note on p. S-18.
^Revisions for January-March 1959 and January-March 1960 will be shown later.
9 Includes data not shown separately.
§Data include bonds of the International Bank for Reconstruction and Development not shown separately; these bonds are included in computing the average price of all listed bonds.
cf Number of bonds represent number currently used; the change in the number does not affect the continuity of series.
^Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.
SURVEY OF CDERENT BUSINESS
S-20
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
June 1001
1961
1960
April
May
June
July
August SeptemOctober
ber
Novem- December
ber
January
Febru-
March
ary
April
May
FINANCE—Continued
SECURITY MARKETS— Continued
Bonds— Continued
Yields:
Domestic corporate ( Moody's)
By ratings:
Aaa__
Aa
A
_
Baa
By groups:
Industrial
Public utility
Railroad
Domestic municipal:
Bond Buyer (20 bonds)
Standard & Poor's Corp. (15 bonds) U.S. Treasury bonds, taxable§
percent. -
4.76
4.80
4.78
4.74
4.61
4.58
4.63
4.64
4.66
4.65
4.59
4.54
4.56
4.58
do
do
do
do
4.45
4.58
4.79
5.20
4.46
4.61
4.84
5.28
4.45
4.60
4.81
5.26
4.41
4.56
4.77
5.22
4.28
4.44
4. 65
5.08
4.25
4.41
4.63
5.01
4.30
4.44
4.67
5.11
4.31
4.47
4.69
5.08
4.35
4.50
4.71
5.10
4.32
4.48
4.69
5.10
4.27
4.40
4.63
5.07
4.22
4.33
4.57
5.02
4.25
4.37
4.59
5.01
4.27
4.41
4.03
5. 01
do
_ do
do
4.61
4.70
4.97
4.65
4.76
4.98
4.64
4.75
4.94
4.61
4.71
4.90
4.49
4.53
4.82
4.46
4.48
4.78
4.50
4.56
4.84
4.51
4.56
4.85
4.55
4.58
4.87
4.52
4.57
4.86
4.46
4.51
4.82
4.40
4.43
4.78
4.45
4.46
4.75
4.48
4.49
4.77
do
do _
do
3.61
3.84
4.17
3.61
3.85
4.16
3.53
3.78
3.99
3.47
3.72
3.86
3.33
3.53
3.79
3. .51
3.53
3.82
3.42
3.59
3.91
3.43
3.46
3.93
3.38
3.45
3.88
3.38
3.44
3.89
3.33
3.33
3.81
3.51
3.38
3.78
3.48
3.44
3.80
3.48
3.38
3.73
Cash dividend payments publicly reported: t
Total dividend payments
mil. of dol
Stocks
896.8
355.0
1,948.3
896.7
371.5
1,965.5
921.5
387.6
2, 456. 3
1,003.2
468.1
1, 957. 2
914.1
367.9
do ._.
do
d o ..
177.9
310.0
10. 5
78.9
134.5
3.8
153. 3
1,261.4
109.3
184.6
310.9
9.0
78.7
137.1
3.0
169. 5
1, 264. 9
106.6
175. 6
330.1
10.9
104. 5
136.0
2.9
345. 9
1, 476. 4
171.8
255. 2
298.7
11.2
161.2
135.8
2.9
162. 7
1, 262. 8
106.4
179.3
312.4
11.7
84.1
133. 7
4.3
do
do
do
do
do .-
200.8
111.4
20.6
55.5
10.1
2.6
103.2
1.0
23.7
7.3
89.7
178.6
65.5
56.7
33.8
201.7
106.1
18.0
56.3
10.1
1.8
112.2
4.2
25.0
9.5
94.6
180.3
62.3
56.5
30.8
202.3
113.1
20.0
57.8
11.7
2.1
109.6
1.4
23.0
8.1
93.1
186.6
79.7
63.3
39.5
209.0
114.6
34.6
68.1
11.8
1.7
111.9
4.1
42.8
7.7
94.3
188.3
56.8
53.6
32.3
208.7
119.3
20.4
52.8
9.5
2.1
112.8
.9
22.3
7.7
Dividend rates, prices, yields, and earnings, common
stocks (Moody's):
Dividends per share, annual rate (200 stocks) .dollars. _
Industrial (125 stocks)
do .
Public utility (24 stocks)
do
Railroad (25 stocks)
do _Bank (15 stocks)
do
Insurance (10 stocks)
do
5.59
6.05
2.67
3.56
3.96
4.63
5.59
6.05
2.67
3.56
3.96
4.63
5.59
6.06
2.67
3.56
3.96
4.81
5.59
6.05
2.68
3.56
3.96
4.81
5.58
6.03
2.68
3.56
3.96
4.85
5.57
6.02
2.69
3.56
3.96
4.85
5.58
6.04
2.69
3.47
3.96
4.85
5.57
6.00
2.71
3.46
4.00
5.01
5.64
6.01
2.74
3.44
4.09
5.08
5.64
6.01
2.74
3.41
4.20
5.08
5.65
6.01
2.75
3.41
4.20
5.19
5.65
6.01
2.77
3.35
4.20
5.19
5.66
6.02
2.79
3.35
4.20
5.19
5.66
6.03
2.79
3.35
4.20
5.19
Price per share, end of month (200 stocks) 9 --.do
Industrial (125 stocks)
do
Public utility (24 stocks)
do _.
Railroad (25 stocks)..
do
152.00
169. 82
67.30
62.49
155. 49
174. 47
67.31
62.49
158. 87
178. 62
71.51
64.20
155. 33
173. 55
71.12
61.95
159.22
176. 68
73.59
62.28
149. 53
165. 61
70. 25
57.56
149. 30
164. 91
70.27
57.68
154. 57
169. 92
72.24
60.39
161.55
175. 22
76.82
61.28
171.83
186.00
80.47
66. 00
175. 72
190. 56
82.66
68.37
179. 36
193. 51
85.20
69.24
179. 65
193. 42
85. 54
67.00
183. 20
197. 56
88.57
68.45
3.68
3.56
3.97
5.70
3.92
2.93
3.60
3.47
3.97
5.70
3.87
2.97
3.52
3.39
3.73
5. 55
3.98
2.98
3.60
3.49
3.77
5.75
4.04
2.93
3.50
3.41
3.64
5.72
4.00
2.87
3.73
3.64
3.83
6.18
4.02
3.08
3.74
3.66
3.83
6.02
4.02
3.07
3.60
3.53
3.75
5.73
3.93
2.97
3.49
3.43
3.57
5.61
3.92
2.76
3.28
3.23
3.40
5.17
3.78
2.51
3.22
3.15
3.33
4.99
3.51
2.50
3.15
3.11
3.25
4.84
3.51
2.50
3.15
3.11
3.26
5.00
3.54
2.51
3.09
3.05
3.15
4.89
3. 33
2.49
Finance
Manufacturing
Mining
Public utilities:
Communications
Electric and gas
Railroad
Trade
Miscellaneous
__
Yield (200 stocks)
Industrial (125 stocks)
Public utility (24 stocks)
Railroad (25 stocks)
Bank (15 stocks)
Insurance (10 stocks) _ _
_
percent-do
do ..
_ _ do
do
do
Earnings per share (at annual rate), quarterly:
Industrial (125 stocks)
dollars
Public utility (24 stocks)
do
Railroad (25 stocks)
do
Dividend yields, preferred stocks, 14 high-grade
(Standard & Poor's Corp.)
percent- .
Prices:
Dow-Jones averages (65 stocks) __ _ .
Industrial (30 stocks)
Public utility (15 stocks)
Railroad (20 stocks) _
_ ._
_
Standard & Poor's Corporation^
Industrial, public utility, and railroad:
Combined index (500 stocks)
1941-43=10Industrial, total (425 stocks) 9
__
Capital goods (127 stocks)
Consumers' goods (193 stocks)
Public utility (50 stocks) . _ .
Railroad (25 stocks)
Banks:
N.Y. City (11 stocks)
Outside N.Y City (16 stocks)
Fire insurance (15 stocks)
- - -
4.75
4.74
4.70
4.61
4.69
4.75
4.78
4.84
4.73
4.68
4.66
4.67
4.63
205. 04
619. 98
89.10
142. 97
203. 39
615. 64
88.91
140. 60
210. 96
644. 38
91.54
143. 04
206. 96
625. 83
93.59
138. 36
206. 82
624. 47
94.46
137. 39
199. 78
598. 10
94.37
130. 98
194. 49
582. 45
92.86
125. 80
199. 54
601. 14
94.14
128. 62
202. 81
609. 54
97.74
128. 29
212. 98
632. 20
102. 79
139.44
219.89
650. 01
107. 70
143.12
225. 64
670. 56
110.00
145. 47
228. 42
684. 90
112.02
142. 53
231.08
693. 03
112.84
144. 98
55.73
55.22
57.26
55.84
56.51
54.81
53.73
55.47
56.80
59.72
62.17
64.12
65.83
66.50
do. ..
do _.
do
do _.
do
59.46
60.31
46.75
45.53
30.59
58.84
59.81
46.64
45.75
30.18
61.06
62. 09
48. 65
47. 35
30.81
59. 25
59. 58
47. 58
48.02
30.19
59. 96
59.76
48.16
48. 65
30.19
57.96
56.77
46.51
48.64
28.76
56.90
55.25
45.68
47.34
27.77
58.89
57.42
46.96
47.83
28.93
60.22
59.11
47.98
49.78
29.03
63.20
61.46
48.96
52.73
31.43
65.71
63.71
50.85
55.64
32.17
67.83
65.77
53.27
57.06
32.93
69. 64
66.12
54.33
59.09
32. 35
70.34
67.41
55.29
59.59
33.08
do....
do
do
26.36
52.54
33.78
26.06
51.25
32.69
25. 70
50.94
33.81
25. 71
52.09
34.24
25.26
52. 64
34. 81
25.63
52.89
33.87
25.43
52.32
33.01
25.58
53.91
33.75
26.60
55.37
37.02
27.78
57.12
38.97
29.60
59.48
42.34
30.55
63.94
42.95
30. 85
64.92
42. 64
31.30
67. 14
42.97
3,938
117, 547
4,780
143, 470
3,445
105, 352
3, 751
116,064
3,450
109, 989
3,192
101, 085
3,295
104, 672
4,139
135,728
4,946
162, 841
5,275
160, 001
7,281
241, 675
6,533
229, 033
3,291
82, 391
3,967
97, 625
2,862
71, 877
3, 119
80, 851
2,867
74, 704
2,700
70, 210
2,785
72, 365
3,487
94, 756
4,176
115,063
4,407
112,092
5,930
153, 454
5,205
131, 727
68, 827
76, 533
53, 870
65, 350
60, 854
54, 431
62, 002
77,355
89, 108
92, 804
118,035
101, 776
291, 688
6,181
298, 143
6,274
292, 392
6,306
300, 901
6,341
283, 318
6,370
281, 529
6,388
292, 991
6,398
306, 967
6,458
326, 598
6,478
337, 490
6,501
347, 576
6,529
350, 472
6,571
Shares listed, N.Y. Stock Exchange, end of mo.:
Market value all listed shares
mil. ofdol.. 283, 381
Number of shares listed
_
millions. . 6,074
Revised.
*> Preliminary.
§For bonds due or callable in 10 years or more.
^Revisions for 1957-1959 are shown on p. 36 of the July 1960 SURVEY.
9 Includes data not shown separately.
cfNumber of stocks represents number currently used; the change in number does not affect continuity of the series.
T
8 00
r 4.17
'0.22
9 70
4. 12
6.36
4.71
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
3,495
Market value
mil of dol
Shares sold
thousands- - 100, 674
On New York Stock Exchange:
Market value
mil. of dol__ 2,939
Shares sold
_ - thousands. _ 70, 285
Exclusive of odd lot and stopped sales (N.Y.
Times)
thousands. _ 57, 291
r
8.45
4.08
3.09
10 00
3.99
5.28
96, 950
SUEVEY OF CUEEENT BUSINESS
June 1961
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-21
I960
April
May
June
July
1961
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
BALANCE OF PAYMENTS (QUARTERLY)0
Exports of goods and services, total
mil.
Military transfers under grants, net
-Merchandise, adjusted, excluding military
actionsj
mil.
Income on investments abroad
Other services and military transactions
Imports of goods and services,
total
__
Merchandise ad justed fc?1
Income on foreign investments in U.S
Military expenditures
Other servicesc?1
r
of dol
do
transof dol
do
do
7, 584
-622
' 6, 941
-282
T
' 4, 676
'735
1,248
4, 994
'752
' 1, 216
do
do
_ __do
do
do
7,744
418
r
r
r
5, 132
1,023
1,171
5,001
791
1,091
5, 427
3,485
5,322
3,406
220
759
937
' 6, 074
3, 857
233
'756
'1,228
r
r
+1,510
' +884
+2 317
T
T
6, 057
3, 550
'220
' 798
' 1, 489
r
r 997
r 727
'988
do
r
Unilateral transfers (net) total
Private
Government
do
do
do_ _
' T-1.253
-164
r
- 1.089
900
' -154
' -746
—1,079
' -173
-906
U S long- and short-term capital (net), total
Private
Government
Foreign long- and short-term capital (net)
Gold sales [purchases ( — )]
_
Errors and omissions
do
do
do
do _
do
do .
r
r
1, 075
' -924
'r -151
+571
+637
r
—117
r _i ( 905
Balance on goods and services
FOREIGN TRADE
Indexes
Exports of U.S. merchandise:©
336
Quantity .
1936-38=100..
739
Value
do
220
Unit value
_
_-.do
Imports for consumption:©
221
Quantity
do
610
Value
do
276
Unit value
do
Agricultural products, quantity:
Exports, U.S. merchandise, total:
195
Unadjusted
_
1952-54= 100. .
201
Seasonally adjusted
do
205
Cotton (incl. linters), seas, adj
_ do_ ..
Imports for consumption, total:
105
Unadjusted
_
_ _ __do_ __
91
Seasonallv adjusted
do
100
Supplementarv imports, seas, adj
_ _ _ do. _.
85
Complementary imports seas adj
do
Shipping Weight
Water-borne trade:
9,192
Exports, incl. reexports§.
thous. of long tons
14, 809
General imports
do
Value O
Exports (mdse.) , including reexports, total 1
mil. of doL. 1, 817. 8
By geographic regions:A
72.5
Africa
_ . do
349.9
Asia and Oceania
do
522.9
Europe
__. _
do
-1,110
' -724
T
386
r
+887
+94
' -128
-155
—1 357
—937
-420
+81
+346
+69
r_l;557
' —348
' +198
+921
' —452
334
733
219
322
706
219
312
690
221
296
653
221
296
654
221
323
709
220
333
731
220
331
729
220
P300
p664
P221
p304
P681
P224
P 348
P 781
p224
221
612
277
227
629
276
201
556
277
220
608
276
204
565
277
205
564
276
209
573
274
206
561
272
T 198
•p 542
p274
P 185
P 505
P 274
P222
p 602
v 271
'188
193
171
178
201
162
176
997
504
152
191
69
165
178
91
199
181
152
238
200
222
246
199
219
p211
P 197
P 232
p 207
P 197
P 205
P225
P 908
p 229
110
116
106
124
111
114
107
120
97
108
106
109
112
122
113
129
101
111
99
121
96
110
91
125
97
112
120
108
99
90
113
80
p 101
P 89
TO 92
P 88
p96
p 90
p98
P85
9,460
15, 424
9,768
17,353
9,575
14, 405
10, 934
17, 128
10,122
14 774
10, 218
14, 132
1,803.8
1, 737. 4
1, 698. 8
1, 609. 4
1,610.1
1, 743. 9
1,796.7
1,796.6
1, 646. 7
63.1
330. 8
567.2
60.1
323.7
532.5
65.0
346.4
534.1
69.6
312.6
522.5
54.5
300 8
551.7
67.3
334.1
572.2
65 0
372 4
612 0
68 4
420 2
611 1
59 2
373 1
518 6
62 1
373 o
534 0
80 1
496 8
599 7
63.8
386.7
529. 6
p
P
p
P
120
105
111
101
9 281 2 8 680
13 866 2 13 700
1, 671. 5 1 , 934. 2
1, 705. 5
do
do
do
351.2
151.3
180.5
348.0
140.1
184.3
330.3
146. 0
180.3
283.2
139.4
181.7
288.7
132.3
161.5
288. 2
132 6
164 1
310.7
138.8
200.1
313. 3
128 0
170 9
269.8
133 5
180 9
263.2
110 0
162 6
280.5
114 9
178 2
315.5
130 3
219 g
302. 7
12*1. 4
170 4
do
do
15.9
26.8
9.1
25.3
7.6
23.5
6.9
31.3
11.1
27.5
9.0
19 8
15.8
22.2
21.6
17 5
16.3
20 7
11.2
18 7
12.0
22 0
16.1
28 5
12.0
20 1
do
do
do
27.7
3.6
81.3
30.9
3.2
69.8
31.7
3. Q
63.1
41.6
3.8
66.1
37.4
4.0
61.3
35.0
35
52 9
38.4
35
68.9
41.4
4 0
72 1
32.9
37
85 4
30.1
36
65 5
29 9
33
50 3
29 6
4 o
70 1
21.4
4 0
60 6
do
do
do
109.9
4.3
26.2
104.3
6.4
22.7
101 2
4.0
22.0
120 4
5.7
25.3
93 5
5.1
21.6
98 2
5 2
21.9
99 6
5.6
24.3
115 9
95
25.2
156 0
68
31.4
135 6
16 7
24.8
137 8
13 8
24.7
164 0
148 9
12 2
24.7
do
do
do
48.7
0
94.2
47.2
.4
96.7
46 8
.2
86 1
49 3
1.8
82 7
57 3
.3
80 4
48 6
.1
81 9
44 3
.2
87 5
46 0
.1
93 8
43 2
(i)
99 o
49 0
61 0
83 0
49 9
3
90 5
109 0
o
52 6
.1
84 8
Italy
Union of Soviet Socialist Republics
United Kingdom
North and South America:
Canada
do
do
do
55 4
2.1
94.9
53 7
1.9
133.3
55 4
4.4
114.8
60 4
1.9
117.0
50 0
5.9
99.6
54 5
3.2
152 3
52 0
4.3
145.9
52 3
4.4
127 9
66 4
4.0
132 3
70 7
3.9
97 4
2.6
92 1
81 6
4.6
115 °
67 5
6.8
79 3
do
351. 2
348.0
329.8
283. 2
288.7
288.2
310.7
313.2
269 8
263 2
280 5
315 5
302 7
Latin American Republics, total 9
do
306. 6
301. 2
302.6
296.2
271. 5
273.1
312.9
272.5
289.0
248.4
271.1
314.2
268.9
do
do
do
24.5
30.7
16.7
25.9
40.0
16.6
30.6
48 0
16.2
30.8
42 1
17. 6
28.7
38 0
12.9
34.3
35 2
15 0
37.7
33 9
21.0
30.1
37 3
18 0
32 1
43 8
16 7
28 6
41 ?
18 1
31 0
39 4
20 9
°9 6
57 3
20 7
34 8
34 3
18 0
Northern North America
Southern North America
South America
By leading countries: A
Africa:
United Arab Republic (Egypt Region)
Union of South Africa Asia and Oceania:
Australia, including New Guinea
Colony of Singapore
India and Pakistan
Japan
Republic of Indonesia
Republic of the Philippines
Europe:
France
East Germany
West Germany
Argentina
Brazil
Chile
19 9
27.8
Colombia .
do.
22 7
23 7
19 4
20 8
17 3
20 8
19 2
18 0
16 3
21 2
18 8
21 3
20 7
29
25 7
Cuba
do
2? 2
19 5
21 7
18 1
17 1
17 8
39
52
2 6
3 0
Mexico
_ __do
66.8
68.5
67.0
66 6
65 5
74 4
63 3
68 1
75 8
58 8
62 6
68 3
69 5
Venezuela
do
50.2
42.4
36.8
43.9
62.6
40.9
40.9
39.1
37^9
35^9
34^2
4L3
57.0
r
2
Revised..
Preliminary..
1 Less than $50,000.
,.
Revisions for December 1959 (units as above). Exports, 8,698; imports, 16 587
^Revisions for 1958 appear on p. 14 ff. of the June 1960 SURVEY; those for 1959-lst quarter 1960, on p. 12 ff. of the June 1961 SUEVEY.
^Adjusted for balance-of-payments purposes, mainly for valuation, coverage, and timing, cf Excludes military expenditures.
©Revisions for 1958 and 1959 will be shown later.
§Excludes "special category" shipments and all commodities exported under foreign-aid programs as Department of Defense controlled cargo.
IData include shipments (military and economic aid) under the Mutual Security Program. Total MSP military shipments (including, since early 1956, also "consumables and construction" shipments) are as follows (mil. dol): April 1960-April 1961, respectively— 114.7; 94.0; 100.0; 70.2; 62.6;; 53.5;
- -53.9;
- - 73.1;
- - 53.3;
------. _ . .45.1;
_ . _58.5.
- _
107.9; 65.4;
AExcludes' 'special category'' shipments.
9 Includes countries not shown separately.
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
June 1001
1960
April
May
June
July
1961
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value©— Continued
Exports of U S merchandise total!
mil of dol
By economic classes:
Crude materials
do
Crude foodstuffs
do
Semimanufactures 9
Finished manufactures 9
By principal commodities:
Agricultural products, totalcf
1, 800. 8
1, 787. 9
1,721.0
1,682.0
1, 591. 4 1, 594. 6
236.3
132.6
89.0
258.2
902.6
187. 4
153.9
88.5
266.2
991.4
do
do
163.7
123.7
94.5
337.1
872.5
188.5
145.7
96.8
287.8
875.8
239.3
143.8
102.3
285.2
958.9
___do
388.5
382.6
366.5
358.4
327.1
369.4
431.9
495.8
504.2
423.2
426.3
469.5
394.1
69.6
32.2
146.2
24 2
26^3
65.4
37.3
123.0
22.5
30.8
86.4
31.4
120.2
22.7
22.3
15.9
31.0
115.6
24.4
36.6
26.3
38.8
141. 5
25.4
74.7
59.4
39.4
143.3
28.9
74.8
98.4
27.3
154.4
25.6
72.3
134.7
31.3
156.3
27.3
43.1
130.4
26.1
138.2
24.0
24.8
112.1
24.7
161.2
24.4
25.7
113.6
31.8
187.6
26.7
31.2
79.8
26.7
156. 6
23.9
26.7
1,354.5
1, 323. 6
1,264.3
1, 225. 1
1, 297. 5
1, 287. 0
1, 273. 5
1, 195. 5
1, 232. 7
1, 434. 2
1, 293. 4
78.1
141.8
34.0
70.1
108.5
144.8
36. 1
73.7
119.4
132.9
29.4
71.9
105. 7
140.1
23.4
62.1
93.3
121.3
19.5
53.4
97.6
145.1
19.6
60.3
115.2
158.4
20.1
66.1
105. 9
141.0
24.5
60.9
Nonagricultural products totaled
do
1,412.3
1, 405. 3
do
do
do
do
121. 5
150. 5
33.3
71.6
121. 7
142. 5
32.6
84.4
108.7
142.8
36.6
96.8
87.0
145. 2
31.7
83.1
82.4
140.8
37.5
92.3
General imports, total
By geographic regions :
Africa
Asia and Oceania
Europe
1, 687. 5
224.8
177.2
105.6
299.9
1,096.3
196. 5
126.5
83.3
313.5
962.3
do
do
do
Petroleum and products
Textiles and manufactures
1, 903. 7
218.8
156.7
88.3
273.7
921.6
191.8
130.1
90.5
333.2
975.5
Grains and preparations
Packinghouse products
Tobacco and manufacturesA
_
1, 618. 7 1, 659. 0
287.0
144.1
106.2
292.7
947.6
195.1
149.1
81.1
310.6
1, 052. 0
87.3
29.2
155.0
27.6
16.5
Agricultural
Tractors, parts, and accessories.
Electrical
M^etal working 5
Other industrial—
1, 777. 7
189.1
148.0
93.0
304.0
1,066.6
do
IVlachinery total§cf
1,782.8
283.2
146.9
99.9
286.0
966.9
Cotton unmanufactured
Automobiles parts and accessories
Chemicals and related products§
Coal and related fuels
Iron and steel products©
1, 729. 4
do
384.8
373.0
356. 7
372.5
331.3
332.3
367.7
377.0
382.1
349.5
374.6
447.2
412.8
do
do
do
do
do
18.1
36.9
87.8
29.2
192.6
16.2
35. 6
89.6
33.0
178.4
14.6
31.2
75.7
29.9
183.6
11.9
30.1
89.4
32.0
188.1
11.4
29.7
78.5
27.9
165.5
8.3
29.8
80 2
25.2
168.3
9.4
32.2
85.7
29.5
185.7
8.8
28.4
94.6
37.3
183.4
8.9
30.6
82.6
46.5
184.8
10.6
28.9
82.3
34.5
166.4
13.9
32.7
80.6
35.2
184.5
17.1
35.2
105.6
42.1
210.0
16.3
35.3
95.8
40.9
193.3
do
do
44.9
64.4
40. 5
57.2
47.1
56.0
40.6
60.6
37.7
50.7
39.2
52.5
39.9
61.6
37.5
57.4
37.8
58.2
34.9
56.3
32.1
55.4
40.1
66.6
39.0
57.9
do
1,261.3
1, 261. 8 1, 306. 8
1,149.7
1,229.4
1, 160. 1
1, 157. 2
1,160.8
1,157.1
1,123.6
1, 045. 9
1, 230. 5
1,041.9
43.6
237.4
323.1
36.5
227.2
340.4
36.1
220. 5
338.2
42.8
227.2
343.4
46.4
215.6
315.3
43.5
181.4
299.3
52.6
243.9
343.7
53.5
211.2
287.3
45.5
267.3
381.7
51.4
245.9
368.0
46.8
273.8
356.0
44.5
259.8
308.3
39.9
291.0
307.1
225.2
140.7
201.0
254.2
156.2
186.0
268.9
131.1
230.2
234.1
123.9
179.1
261.4
106.9
223.0
238.5
109.5
208.0
240.9
93.2
219.0
249.1
106.4
210.5
223.2
122.9
197.5
208.4
113.3
224.6
197.8
124.8
199.1
249.2
139.5
201.6
212.3
104.2
173.4
3.4
8.5
4.4
9.7
3.7
9.4
6.0
5.6
1.7
8.0
1.5
9.1
.7
8.2
.5
6.6
1.4
8.0
.7
8.6
.7
9.5
1.8
8.7
8
10.1
14.6
2.0
21.7
100.2
16.3
26.6
7.0
1.7
22.3
96.0
17.5
23.6
9.1
4.1
23.2
103.6
22.8
29.4
18.9
.9
25.2
96.5
14.2
36.9
16.7
1.2
19.6
110.0
23.2
35.2
9.8
1.2
22.5
96.7
17.3
19.5
8.6
1.1
19.5
95.3
15.7
19.9
5.5
.9
20.4
91.5
15.0
20.3
11.7
1.7
20.7
83.3
22. 1
20.0
11.1
1.2
24.1
84.4
12.4
20.9
9.5
.8
21.1
61.7
11.5
22.6
14.2
.9
26.9
82 5
14.1
31.1
14.5
.8
19.9
76 6
13.2
24.0
38.0
.2
77.3
36.3
2.2
88.6
35.1
.2
72.9
27.3
1.2
94.3
29.4
.3
71.1
33.2
2.8
93.8
30.7
.4
68.2
26.6
2.2
66.6
29.3
.3
63.6
34.4
1.8
69.1
22.8
.3
71.3
28.6
1.3
73.8
28.6
2
75'. 1
35.9
1.8
72.8
31.1
2
69'. 5
34.0
.6
77.7
27.1
.3
78. 8
32.7
2.8
68.6
24.2
.3
69.2
29.1
1.0
60.6
26.7
.3
66.0
24.9
1.0
63.5
32.2
.2
75.6
28.4
1.5
75.2
26.5
.1
63.8
25.9
2.9
56.6
225.2
254.2
268.8
233.9
260.9
238.3
240.7
248.9
223.2
208.3
197.8
249.2
212.3
do
307.2
308.2
329.8
267.4
290.9
280.8
278. 5
276.8
277.0
295.5
282.3
295.1
244.1
Argentina
do
Brazil
do
Chile
do
Colombia
do
Cuba
do
Mexico—
do
Venezuela
do
Imports for consumption total
do
By economic classes:
Crude materials
do
Crude foodstuffs
do
Manufactured foodstuffs and beverages
do
Semimanufactures
do
Finished manufactures
do
By principal commodities:
Agricultural products totaled
do
Cocoa (cacao) beans incl shells
do
Coffee
do
Rubber, crude, including guayule
__.do
Sugar
do
"\\TQQ] Qnd mohair unmanufactured
do
Nonagricultural products, totald*
do
Furs and manufactures
do
Iron and steel products©*
do
Nonferrous ores, metals, and mfs., totalcf — do
Copper, incl. ore and manufactures
do
Tin including ore
do
Paper base stocks
do
Newsprint
do
Petroleum and products
do
9.3
47.7
17.0
18.8
48.2
38.8
84.9
1,250.4
8.6
47.7
13.8
24.0
60.1
40.1
72.5
1, 256. 0
9.0
61.0
18.4
20.8
47.7
28.1
90.2
1, 289. 2
8.3
43.1
13.5
17.9
46.6
24.3
68.5
1,139.9
9.1
57.5
24.5
22.1
11.7
33.0
75.9
1,246.4
7.6
54.4
15.7
23.5
7.9
44.3
78.2
1,159.3
6.9
48.9
19.8
36.2
7.6
27.8
76.7
1, 156. 9
5.7
45.0
9.1
35.3
6.2
31.3
81.9
1,175.9
7.1
42.6
9.5
24.7
2.9
39.1
83.9
1,151.0
9.2
38.2
21.2
32.4
3.6
40.7
91.8
1,111.7
7.3
42.1
15.0
20.1
2.7
49.5
90.4
1, 036. 6
8.4
47.8
11.9
25.8
3.0
53.4
79.0
1, 235. 3
7.8
43.5
15.6
17.5
1. ]
42.7
66.5
1, 045. 7
258.6
140.3
138.9
255.1
457.4
259.4
155. 6
144.5
243.3
453.1
281.8
147.7
140.6
268.9
450.2
237.2
121.4
135.4
228.9
417.2
291.1
142.6
137. 6
248.2
426.9
243.6
134.1
134.5
234.8
412.3
229.9
146.1
122. 4
233.3
425.2
219.2
141.0
139.4
245.6
430.7
231.8
149.2
115.5
242.6
411.8
235.2
153.9
105. 8
234.9
382.0
210.3
139.7
110.5
228.1
347.9
237.4
168.1
142.9
265.0
421.9
202. 5
141.8
109. 6
225. 1
366. 6
336.5
13.5
75.0
30.4
48.4
17.2
913.9
9.7
52.0
93.2
31.4
9.3
25.0
54.5
133.2
341.9
16.7
82.3
26.8
57.9
13.8
914.1
7.0
42.9
96.4
37.9
9.6
27.0
61.0
116.5
338.5
17.5
81.5
26.8
49.9
19.7
950.7
8.4
38.9
100. 3
37.7
13.2
29.6
59.3
138.7
299. 4
10.7
72.0
24.7
50.0
15.5
840.5
5.8
30.3
95.2
29.6
7.3
25.0
53.3
108.8
344.6
11.6
91.8
32.7
39.5
17.3
901.8
4.9
30.8
102.1
35.3
11.9
33.1
61.6
125.9
310.6
9.8
87.5
25.2
41.6
14.0
848.7
4.7
35.2
78.7
27.5
8.5
29.0
54.6
122.3
286.3
8.4
93.8
19.6
24.8
13.9
870.6
5.2
31.9
90.0
23.4
9.6
29. 1
59.8
119.0
292.3
8.9
83.0
20.4
39.7
12.1
883.7
6.2
30.8
87.5
29.1
6.7
31.2
65.2
135.7
295.4
12.2
82.7
24.1
28.7
11.9
855.6
17.2
28.6
86.9
33.2
9.4
23.1
59.3
141. 6
297.6
18.4
86.6
19.9
23.7
16.7
814.1
12.9
23.3
75.9
26.8
6.4
25.0
53.8
152.0
276.3
16.8
76.6
15.3
37.8
14.4
760.3
11.6
24.1
70.8
23.9
7.1
27.4
48.1
137.5
345.4
16.3
97.3
15.8
52.6
19.0
889.9
9.0
32.3
89.5
24.8
5.7
27.2
62.0
147.5
285. 3
19.6
75. 8
13.2
25.7
17.9
760. 4
6.8
32.6
67.3
10.5
7.1
22.2
53.2
128.1
_
do
do
do
Northern North America
_._do _._
Southern North America
do
South America
do
By leading countries:
Africa:
United Arab Republic (Egypt Region)
do
Union of South Africa
do
Asia and Oceania:
Australia including New Guinea
do
Colony of Singapore
__do
India and Pakistan
do
Japan..
do
Republic of Indonesia
do _ _
Republic of the Philippines
do
Europe:
France
do
East Germany
do
West Germany
do
Italy
do
Union of Soviet Socialist Republics
__do
United Kingdom
do
North and South America:
Canada
do
Latin American Republics total ^
..._
r
Revised.
©Revisions for 1958 and 1959 will be shown later.
\ See similar note on p. S-21.
9Data for semimanufactures reported as "special category, type 1" are included
with finished manufactures.
cf Includes data not shown separately.
AManufactures of tobacco are included in the nonagricultural products total.
§Excludes "special category, type
1" exports.
©Comprises pig iron, scrap, steel mill products, and certain other iron and steel products; excludes advanced manufactuies. Revised exports and data for imports prior to
1958 will be shown later.
*New series; see note marked "©".
SUEVEY OF CURRENT BUSINESS
June 1061
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-23
1960
April
May
June
July
August
1961
Septem- October Novem- December
ber
ber
January
February
March
April
May
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines!
Scheduled domestic trunk carriers:
Financial operations (quarterly totals) :
Operating revenues total 9
mil. of dol
Transport total 9
do
Passen ger
do
Property
do
U S mail
do
Operating expenses (incl depreciation)
Net income (after taxes)
_
_do__
do
Operating results:
Miles flown, revenue.
thousands..
Express and freight ton-miles
flown
do
Mail ton-miles
flown
do
Passengers originated revenue
do__
Passenger-miles flown, revenue
millions..
500. 0
496.3
451. 8
29.1
11.4
529 4
525.6
478.8
30.6
11.1
491 6
486.1
436.1
31.6
13.4
481.7
8.6
496 7
10.9
485
3
d
1.5
61, 874
30, 280
10, 857
4,019
2,505
61, 498
30, 236
10, 364
4,002
2,444
59, 825
30, 890
10, 512
4,183
2,720
63, 132
29, 109
10, 030
4,013
2,706
64, 034
32, 474
10, 786
4,166
2,745
59,057
35, 169
10, 917
4,037
2,547
59, 757
35, 994
11,257
3, 965
2,487
55, 199
32, 691
11,043
3,518
2,129
56, 971
35, 736
16, 479
3,504
2,284
56, 335 * 43, 332 p 57, 106
30, 459 v 27, 001 P 36, 094
11, 152 p 10, 388 P 13, 238
3,449 P 2, 828 P 3, 779
2,348 ' 1, 818 P 2, 398
thous. of dol
do__ _
30, 815
11, 003
30, 308
10, 737
30, 923
11,412
25, 233
5,766
31, 618
11, 731
31, 867
10, 675
31,300
10, 621
30, 961
10, 552
35, 458
12,111
27, 822
6,983
27, 181
6,783
32, 790
11, 955
cents__
millions
mil. of dol_.
18.8
r
655
121.9
18.8
647
118.9
18.8
620
115.0
18.9
554
108.1
18.9
584
113.3
18.9
610
110.4
19.0
634
122.2
19.1
624
121.1
19.1
649
125.6
19.3
614
116.8
19.3
582
110.4
19.4
659
123.5
19.5
603
Express Operations
Transportation revenues
Express privilege payments
Local Transit Lines
Fares average cash rate©
Passengers carried revenue©
Operating revenues©
_
Class I Motor Carriers (Intercity)
Carriers of property (quarterly totals):
Number of reporting carriers
Operating revenues, total
Expenses total
Freight carried (revenue)
Carriers of passengers (quarterly totals):
Number of reporting carriers
Operating revenues, total
Expenses total
Passengers carried (revenue)
_ __
_mil. of dol _
do
mil. of tons
944
1, 193. 9
1, 153. 0
69.8
935
1,207.4
1,161.3
68.9
923
1, 207. 8
1 197 9
69.0
mil. ofdol..
__ __do _
millions
140
115.8
99.7
57.5
140
140.9
110.6
61 9
139
111 3
101.3
55 7
Class I Railroads
Freight carloadings (A. A. R.):d"
Total cars
Coal
Coke
Forest products _
Grain and grain products
Livestock ...
Ore
Merchandise, l.c.l .
Miscellaneous
.
__
_
2,492
431
39
181
2,559
430
33
157
2,514
451
28
156
2,847
357
29
180
2, 385
420
22
160
2,274
408
20
152
3,189
546
30
193
2,203
388
23
135
2,401
477
26
152
1,922
382
21
129
1,955
376
21
134
2,507
405
28
175
2,106
365
23
146
2,242
388
26
148
187
17
199
150
1,308
175
20
289
146
1, 307
203
15
290
138
1,232
344
16
329
167
1,425
234
16
239
140
1,154
198
26
202
133
1,136
329
50
233
179
1,629
255
26
90
129
1,156
232
20
59
138
1,296
211
15
44
109
1,011
222
11
48
118
1,025
261
18
72
158
1,390
196
17
65
119
1,176
202
17
136
117
1,208
111
88
126
130
109
90
107
124
102
83
89
121
97
66
78
120
99
86
72
123
97
89
68
118
104
90
79
118
99
83
76
115
96
82
65
113
99
82
65
121
96
76
64
113
96
67
69
113
98
75
74
117
100
81
84
116
150
34
185
24
125
141
39
185
23
123
149
31
163
22
113
169
31
150
22
110
150
30
139
22
108
135
39
120
21
106
188
47
97
22
113
186
36
97
21
109
142
30
137
19
107
156
28
162
19
108
160
25
172
19
106
159
32
174
20
108
157
34
'79
19
112
163
33
79
18
114
823. 9
' 698. 4
51.0
829.5
705. 1
51.7
824.2
694.7
60.2
759. 1
634. 1
60.6
809.0
679.4
60.5
754.4
642.9
44.2
815.8
695.4
46.5
756. 5
638.0
46.5
731. 5
588.1
60.7
699.2
584.5
52.8
668. 3
559.6
49.5
761.3
642.6
50.1
714.9
604.4
46.1
.thousands
do
_.do _
do
do
do _
do
do
do
Freight carloadings, seas. adj. indexes (Fed. Res.):
Total
1935-39=100
Coal __
do
Coke
_
do__
Forest products
do
Grain and grain products
Livestock
Ore
Merchandise, l.c.l _
Miscellaneous
do _
do
do
do
do
Financial operations:
Operating revenues, total 9 _
Freight
Passenger
mil. of dol
do
do
r
r
Operating expenses
do
Tax accruals, joint facility and equipment rents
mil. of dol__
Net railway operating income
do
Net income (after taxes)
do
634.1
648.3
644.0
628.7
646.9
608.3
624.8
603.4
613.6
596.4
573.7
611 2
124.4
'65.2
48.2
120.0
61.3
47.3
123.1
57.0
43.1
106.4
24.0
9.6
117.7
44.4
29.9
111.6
34.5
25.9
121.2
69.8
54.8
106.1
47.0
33.9
83.6
34.3
52.7
106.9
d
4.1
118.0
32.1
22.6
d?.9
99.4
44.8
d
!9.S
Operating results:
Freight carried 1 mile..
mil. of ton-miles..
Revenue per ton-mile
cents
Passengers carried 1 mile (revenue)
millions..
51, 357
1.398
1,675
52, 664
1.386
1,691
49, 687
1.422
2,054
46, 752
1.415
2,207
49, 219
1.404
2,132
48, 566
1.369
1,480
51,923
1.367
1,505
46, 204
1.420
1,452
42, 835
1.393
1,960
13, 865
11, 512
2,353
15, 198
12, 309
2,889
14, 960
12, 068
2,892
15, 104
12, 009
3,094
15, 095
12, 152
2,943
14,716
11, 900
2,816
14, 876
11, 854
3,022
13, 573
10, 788
2,785
13, 177
10, 612
2,565
4,988
1,080
5,595
1,420
5,193
1,268
5,583
1,097
5,361
933
4,843
981
5,065
1,024
5,161
997
5,046
970
5,072
875
4,868
621
5,675
937
5,287
805
Waterway Traffic
Clearances, vessels in foreign trade:
Total U.S. ports_
thous. of net tons
Foreign vessels
do
United States vessels
_.
do
Panama Canal:
Total
In United States vessels
thous. of long tons
do
r
d
Revised.
v Preliminary.
Deficit.
§ Data beginning 1959 include total domestic operations intra-Alaska and intra-Hawaii; for these States, figures for mail revenues exclude U.S. mail subsidies
9 Includes data not shown separately.
©Revisions for 1958-October 1959 are available upon request.
cTData for July, October, and December 1960 and March 1961 cover 5 weeks; other months, 4 weeks.
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
June 1961
1960
April
May
June
July
1961
DecemOctober NovemAugust September
ber
ber
January
February
March
9 08
8 70
April
May
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Travel
Hotels:
Average sale per occupied room
dollars
Rooms occupied
percent of total. _
Restaurant sales indexf- -- same month 1951 = 100..
Foreign travel:
U S citizens : Arrivals
thousands..
Departures
do
Aliens* Arrivals
_
do
Departures
do
Passports issued and renewed
_
-do
National parks, visits §
do
Pullman Co.:
Revenue passenger-miles. _ .
millions .
Passenger revenues
thous. of dol
9.38
8.73
67
115
69
125
147
171
99
79
119
158
178
111
91
114
1,131
9.26
8.67
67
117
57
113
222
256
123
110
69
178
259
110
111
98
1,805
3,748
6,434
9 60
65
112
283
192
139
100
64
5,996
9 47
67
114
220
147
146
106
49
2, 574
10 04
72
114
163
136
125
98
40
1,778
9 62
63
107
132
107
102
80
37
886
8 72
50
110
120
126
94
97
35
508
8 91
63
111
64
113
133
126
93
67
56
516
120
129
75
61
64
569
9 57
64
118
8 82
114
65
121
103
729
102
1,115
117
284
251
299
301
242
4,011
4,745
4,734
207
4,581
4,416
3,853
214
3,237
307
3,507
316
5,060
5,259
4 981
4,611
688.9
389.2
233.9
408.2
117.0
63.1
696.6
390.8
239.3
416.9
116. 5
63.4
700.1
392. 8
240.1
420.5
116.6
63.5
689.1
388.1
232.7
410.4
116.6
63.8
712.8
393.3
251. 4
426.6
121.0
64.0
704.0
396.3
238.5
424.9
118.2
64.3
711.0
402.3
239.8
424.3
122.5
64.6
707.2
402.4
235.4
424.4
120.5
64.7
723.0
405 7
247.5
446.6
118.1
65.0
718.1
407.1
240.9
428.7
120.6
65.1
701.1
403 3
227.0
417.4
117, 8
65.3
735.8
408.5
256.8
448.9
119.4
65.5
21, 356
18, 543
1,619
21, 825
18, 975
1,643
22, 626
19, 798
1,647
20, 517
20,d 159
758
22, 667
20, 050
1,533
23, 042
20, 282
1,741
22, 424
19, 957
1,610
21,735
19, 794
1,120
22, 939
20, 640
1,621
21,713
20, 206
20, 727
18, 866
590
23, 383
20, 484
1 548
2,970
2,513
3,122
2,612
3,000
2,557
2,878
2,301
2,977
2, 527
2,955
2,513
2,919
2,480
2,920
2,426
3,105
2,282
3,011
2,479
2 766
2.308
3. 155
2,524
158
270
4,275
3,395
4, 051
3,264
4,613
3,513
281
65
276
297
COMMUNICATIONS
Telephone carriers:
Operating revenues 9
Station revenues
Tolls message
Operating expenses, before taxes
Net operating income
Phones in service, end of month
mil. of dol__
do do
do
do_.
millions. .
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph :
Operating revenues
_
thous. of dol_.
Operating expenses incl depreciation
do
Net operating revenues
do
Ocean-cable:
Operating revenues
do
Operating expenses incl depreciation
do
Net operating revenues
-- -do
Radiotelegraph:
Operating revenues
- _.do
Operating expenses incl depreciation
do
Net operating revenues
do-
157
189
4,007
3,142
4,200
3,282
706
760
155
258
4.227
3. 425
3,936
3,338
454
637
153
4, 193
3, 394
657
159
4,328
3, 348
838
141
4,245
3,318
802
190
4,145
3,313
744
478
4,655
3,530
864
216
220
737
651
947
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production: J
Acetylene
mil. of cu. f t . Ammonia, synthetic anhydrous (commercial)
thous. of short tons..
Calcium carbide (commercial)
do
Carbon dioxide liquid, gas, and solid
_.do
Chlorine gas
Hydrochlori c acid (100% HCl)
-
do
do
Nitric acid (100% HNOs)
do
Oxygen (high purity)
mil. of cu. f t Phosphoric acid (100% PjOs)
thous of short tons
Sodium carbonate (soda ash), synthetic (58% Na a O)
thous of short tons
Sodium bichromate and chromate
do
Sodium hydroxide (100% NaOH)
do
Sodium silicate (soluble silicate glass), anhydrous
thous of short tons
Sodium sulphates (anhydrous, refined; Glauber's salt;
crude salt cake)
thous of short tons
Sulfuric acid (100% HjS04)
do
Organic chemicals :cf
Acetic acid (synthetic and natural), production
thous. of Ib
Acetic anhydride, production
do
Acetylsalicylic acid (aspirin) production
do
Alcohol, ethyl:O
Production^
thous of proof gal
Stocks end of month^
do
Used for denaturation
do
Withdrawn tax-paid^f
do
Alcohol, denatured:©
Production
thous. of wine gal
Consumption (withdrawals)
.
do- Stocks end of month
do
Creosote oil, production
DDT production
Ethyl acetate (85%) production
thous. of gal
thous of Ib
do
Ethylene glycol, production
do
Formaldehyde (37% HCHO) production
do
Glycerin, refined, all grades:
Production
. do
Stocks, end of month
,_ _ ..do. _
Methanol, production:
Natural
.
. thous. of gal. .
Synthetic
do
Phth.ilin anhvdride. oroduction
thous. of lb._
r
1,026
1,082
926
938
976
942
976
966
998
989
848
••980
900
416.2
96.6
73.3
434.0
100. 5
84.6
407.9
92.4
95.6
382.3
380.3
364.8
387.3
408.6
429.5
411.8
400.6
463. 3
460.9
97.6
100.0
89.3
77.0
66.0
62.6
62.8
57.0
69.2
67.6
383. 9
93.5
395. 4
90.0
377.1
76.8
384.9
77.7
390.5
79.6
371.1
78.4
390.7
84.2
377.1
80.8
369.0
73.3
368.8
72.3
333.4
67.1
373.8
74.9
384.7
76.7
275.5
4,778
183.0
265. 1
4,804
189.9
234.6
4.488
171.2
242.4
4,220
159.1
255.3
4. 404
184.2
281.0
4,601
165. 3
288.0
4.594
183.4
300.2
4,504
175.0
301.0
4,423
170.1
285.8
4,794
192.6
272.5
4,643
179.9
295. 4
* 5, 337
205. 6
277.0
5,168
200.7
399.0
11.1
407.7
392.2
11.2
422.5
370.1
10.9
402.9
371.3
10.9
406.5
364.8
341.7
339.8
336.0
403.4
393.4
386.9
352.8
375. 5
10.3
399.8
373.3
388.9
383.6
10.4
410.0
360.0
416. 4
50.3
46.3
45.4
44.2
49.7
43.2
37.1
35.1
36.3
41.7
44.7
91.6
88 5
90.7
1, 433. 8 1, 428. 4 1,494.0
83.3
1, 388. 7
388.2
9.0
9.6
8.8
8.3
9.9
8.5
34.6
28.6
87.6
92.4
89.5
1, 556. 4 1, 614. 2 1, 495. 4
87.6
1, 336. 0
71,165
88, 703
1,696
64, 235
82, 410
1,808
60, 328
85, 665
1,733
59, 602
77, 574
1,667
62, 878
81, 491
2,022
61,563
80, 060
1,887
59, 588
74, 378
2, 163
54. 500
70, 589
1,718
67, 900
89, 632
1. 555
54, 943
131, 653
48, 077
5,000
59, 228
127, 020
46, 473
5, 583
61, 943
129,532
41, 724
7,020
53, 103
130, 899
43, 002
6,157
52, 372
1 34, 505
48, 277
4,050
51,250
137, 948
50, 727
3,970
44, 876
136, 523
39, 855
4,821
51,725
139, 885
50, 327
4,884
86.5
89.0
85.6
1, 403. 8 1, 350. 3 1, 491. 1
r
95.7
1, 562. 8 1, 540. 8
59, 955
89,193
2,056
67, 261
98, 308
1,992
65, 844
94, 200
1 , 906
45, 335
28, 410
47,015
49, 057
33, 235
46, 504
47, 884
33, 259
41, 620
660
706
i 43. 686
127, 911
43, 132
1
3, 993
25, 219
23,170
5,723
24, 880
27, 276
3,380
22, 409
22, 094
3,721
23,154
23, 611
3,281
25, 861
25, 826
3, 503
24. 974
23, 181
5,331
22,421
23, 861
3,943
23, 101
21,271
5,798
25, 853
26, 482
5,252
27, 646
25, 317
7,665
21, 427
23, 353
5,810
27, 012
26, 876
6, 057
9,688
13, 393
7,338
7,946
13, 748
5,895
7,953
12, 444
7,705
7,357
13, 531
7,648
8,413
14, 523
8,232
6, 958
13, 750
7,810
6,999
14, 4S6
6,706
7,454
14, 283
7,103
7,727
14, 187
5,775
6, 393
15,170
5,985
6,809
13, 428
5,841
8,216
16, 048
6,624
96, 402
147, 933
97, 062
138, 955
100, 626
143, 938
112,629
110, 367
121, 499
148, 282
115,627
142, 755
111,679
149, 370
104, 939
135, 529
108, 792
129, 894
119,512
127,116
100, 973
124, 782
101, 286
145, 532
24, 800
43, 100
26, 600
46, 500
23, 600
29,200
21,000
27, 400
24, 300
29,100
24, 500
26, 600
24, 500
26, 500
22, 900
28, 100
20, 900
30, 000
23, 900
32, 800
20, 200
33, 200
23, 300
33, 700
647
189
22, 074
30. 858
2
199
199
24, 502
35. 068
21, 653
31. 989
1
187
25, 300
30. 612
156
137
183
26, 082
33. 127
26, 502
29, 169
168
25, 235
29. 924
171
25, 051
26. 520
27, 442
28. 850
r
164
175
27, 783
26, 241
23, 325
25. 295
8.9
414.2
25, 600
37, 100
182
24, 809
30, 994
d
2
Revised.
Deficit.
J See note "1".
Data beginning June I960 are confined to producers' and warehouse stocks (consumers' are not included).
t Revised series (first shown in October 1959 SURVEY), reflecting change in comparison base period; monthly averages (1929-59) and monthly data for 1953-59 appear on p. 19 of the
January 1961 SURVEY.
§Beginning with the October 1959 SURVEY, the figures include visits to Mount McKinley, Alaska and Hawaii National Park, Hawaii. Data beginning January 1960 reflect revised definitions of visits.
9 Includes data not shown separately.
tRevisions for 1957 appear on p. 24 of the April 1960 SURVEY; the 1958 data shown therein have been further revised. These
revisions, as well as those for January-August 1959, will be shown later.
cf Data (except for alcohol) are reported on basis of 100-percent content of the specified material unless otherwise indicated.
O Re visions for July 1959-January 1960 will be shown later.
1 Effective July 1960, data include amounts classified as "spirits."
June 1960 data on comparable basis (thous. gal.): Production, 53,137; stocks, 129,041; withdrawn tax-paid, 5,462.
SURVEY OF CURRENT BUSINESS
June 1961
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-25
1961
I960
April
May
June
July
August
Septem- October Novem- December
ber
ber
January
February
March
A pril
495,519
439 200
18, 097
379, 478
82, 665
321, 135
67, 041
547. 105
27, 120
445. 557
44, 107
359, 460
193 746
53, 234
20 753
61, 085
273, 361
126 806
40, 284
21 694
47, 309
May
CHEMICALS AND ALLIED PRODUCTS—Continued
FERTILIZERS
Consumption (10 States) §
Exports total 9 J
Nitrogenous materials..
Phosphate materials
Potash materials
2,205
thous. of short tons
497, 862
short tons
do __ 26, 575
__ _
do _ 425, 667
31,353
do
1,431
641 697
46. 888
522, 742
60, 621
890
694, 324
42, 978
587, 210
49, 561
345
630, 124
46, 690
501, 920
67, 706
216
613, 804
38, 694
496, 865
70, 879
337
617, 086
73, 801
446, 209
78, 016
380
669 485
68, 976
467, 108
104, 714
392
386, 033
37, 586
294,711
163,619
29, 535
9 863
38, 932
274, 835
131 608
45, 865
15 041
39, 963
182, 445
99 751
63, 822
25 386
22, 534
165, 547
74, 851
44, 621
6, 458
63, 784
141,708
76, 224
16, 312
16, 654
14, 083
235, 645
141 781
53, 628
14 380
29, 817
180, 244
78, 456
0
18, 488
42, 558
115,762
345
503 104
42, 309
370, 753
70, 499
349
406, 754
18, 595
295, 550
83, 530
216, 164
8,979
126, 269
62 572
0
8 734
23, 502
14,035
44, 040
260, 664
134, 794
58, 774
8 583
54, 366
46, 769 104, 888 103, 745 1^3.245 118,977 272, 301
Potash deliveries
- - - do _ _ 356, 235 254, 146 194, 537
Superphosphate and other phosphatic fertilizers (100%
P205):t
r
r
r
Production
short tons r 242, 607 '254, 914 r^214,766 ' 171, 028 189, 745 r 183, 651 21 7. 795 ' 234, 930 '217,923
223, 458 '223, 161 305, 049 ' 366, 440 '371,582 '359,302 '371,694 ' 424, 254 ' 433, 872
Stocks, end of month
__
_
__do
125, 978
177, 277
282, 134
308, 909
244, 626
442, 701
240 069 '264 034
426, 787 '349,198
246 309
272, 141
Imports, total 9 t
Nitrogenous materials total 9
Nitrate of soda
Phosphate materials
Potash materials
__ _
-
-
do_.
do
do __
do
do
274,211
49, 269
46 549
0
119,168
10, 512
7,478
40,019
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments:
Black blasting powder
_ thous. of Ib
High explosives
do
Paints, varnish, and lacquer, factory shipments: t
Total shipments
mil of dol
Trade products
do
Industrial finishes
-do- ..
Sulfur (native):
Production
thous. of Ion? tons
Stocks (producers'), end of month
_ do
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:
Cellulose acetate and mixed ester plastics:
Sheets, rods, and tubes
thous. of lb_.
Molding and extrusion materials
do
Nitrocellulose sheets rods and tubes
do
Phenolic and other tar acid resins
Polystyrene
-Urea and melamine resins.
Vinyl resins
- -A Iky d resins
_ -Rosin modifications
Polyester resins
Polyethylene resins
Miscellaneous (incl. protective coatings)
-
do
do _ _
do
do _do ._
do _
do
do
-do
42
84,515
81
87, 324
50
87, 071
69
76, 781
128
94 301
165
86 103
195
88 276
238
80 206
186
79 907
160.0
95.3
64.7
172.9
104.6
68.3
178 8
107.3
71.5
155. 5
96.2
59.3
168 0
102.7
65.3
149 6
88 4
61.2
138 9
78 2
60.7
126 2
69 5
56.7
109 4
60 9
48.5
424
3,766
420
3,720
394
3,695
420
3,734
454
3,719
373
3,655
390
3,561
400
3,553
477
3, 669
3,442
7,467
4,167
7,494
245
4,643
8,055
3,781
6 854
3,844
7 730
188
4,763
7,655
51
4,407
4,073
7,109
72
7 124
85
43, 140
72, 840
30, 903
98, 122
33, 003
43, 713
73, 536
29, 540
97, 877
32, 297
43, 752
74, 407
28, 435
93, 688
34, 126
30, 830
72, 308
18, 126
83, 926
28, 260
42, 061
76,211
27,718
94 675
30, 103
43, 879
73, 316
29, 036
97, 791
30, 335
42, 526
11,366
16, 034
114,019
31, 404
11,596
15, 359
120, 159
30, 238
11, 460
13, 861
102, 264
31,314
10, 060
9,865
103 695
26, 549
10 883
11, 549
106 950
30, 095
11, 154
10, 822
109,339
30, 951
76,152
27, 284
104, 584
30, 342
10, 758
12, 128
112,886
33, 028
133
70 391
139
67 046
' 125 5 ' 116 0
' i 72. 8 T 65 7
' i 52. 7 '50.3
58
77 714
146 6
87 5
59. 1
454
444
3,776
3,780
3,698
357
3 703
4,761
6 137
74
3, 734
3,709
89
6 305
73
40, 046
73, 978
25. 926
98, 007
26, 569
39, 323
71, 256
23, 829
86 709
25, 470
40, 764
66, 505
23, 987
87 691
25, 304
40. 574
62 685
22, 387
81 149
24, 562
47, 311
71, 800
26, 825
93 059
8 716
8 552
10, 963
119 675
9 308
114 482
8 801
12 067
108 309
8 815
14, 106
129 264
29,411
31,611
31,042
35,860
72, 997
66, 202
54, 941
73, 547
66, 559
55, 803
10, 756
65, 746
59, 263
49,018
10, 245
71, 742
64, 641
50, 765
13; 876
68, 289
61, 280
47, 440
13, 840
54, 408
12, 152
48, 462
10, 801
52, 444
12, 196
49, 395
11, 886
6,987
6,720
6,484
6,224
7,101
7,009
6.777
267
259
324
6, 682
327
11,196
114 135
30, 449
400
66
73 887
6,652
9,599
4,541
7 569
94
11,890
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total I
mil. of kw.-hr.Electric utilities, total
do -.
By fuels
do
By waterpower
__
_- __ _do._ .
66, 220
58,717
45, 478
13, 239
67, 982
60, 344
47, 308
13, 036
69, 304
61, 920
49, 474
12, 447
70, 694
63, 528
51, 636
11, 893
74, 613
67, 255
55, 138
12, 117
69, 628
62, 581
Privately and municipally owned utilities— -do
Other producers (publicly owned)
do
47, 851
10, 867
48, 932
11,412
50, 763
11, 157
51, 614
11,914
55, 178
12, 077
51, 575
7, 503
7,158
345
7,638
7, 284
354
7,384
7,060
7,166
6,897
324
269
Industrial establishments, total
By fuels
By waterpower
do
do
_do__
Sales to ultimate customers, total (EEI)t
Commercial and industrial:
Small light and powerc?1
Large light and power cf
69, 485
62, 252
51, 759
10, 493
68, 271
11,006
51, 257
10, 996
50, 431
10, 979
12,033
7,358
7,047
7, 233
6, 862
6,811
236
6,995
6,599
6,794
7,109
249
238
263
51,141
11, 440
61,410
50, 649
10, 761
11,261
54, 169
6, 541
254
do
' 55, 611 ' 54, 277 ' 55, 548 ' 56, 297 ' 59, 014 ' 58, 820 ' 56, 655 ' 55, 704 ' 57, 491
59, 436
58, 101
__do___
do
' 8, 602 ' 8, 688 ' 9, 453 ' 10, 139 r 10, 684 ' 10. 690 ' 9, 739 ' 9. 225 ' 9, 327
' 28, 048 T 28, 257 '28,411 ' 27, 618 ' 29, 064 ' 28, 774 ' 28, 625 ' 28, 036 ' 27, 882
10, 137
27, 387
26, 856
457
19, 430
(2)
623
1,325
77
445
18, 839
(2)
560
1, 386
72
1, 010. 9
997.6
344
363
410
Railways and railroads..
do
'375
' 15, 712 ' 14, 198 ' 14, 353 ' 14, 991
Residential or domestic
__ -do
1,076
1,440
Rural (distinct rural rates)
do
1,033 ' 1, 184
'441
'469
Street and highway lighting...
do
'417
'437
' 1,245 r 1, 236 ' 1, 306 ' 1, 256
Other public authorities
__
do _
Interdepartmental
_ _do
49
61
68
53
Revenue from sales to ultimate customers (Edison
Electric Institute)
mil. of dol— ' 928. 3 '911.5 ' 935. 1 ' 956. 3
364
323
462
380
386
' 15, 523 ' 15, 760 ' 14.915 ' 15, 223 ' 17, 001
1,364
' 1, 535
730
'810
1,017
'494
'459
'613
'582
'543
'1,318 ' 1, 348 ' 1, 378 '1,392 ' 1, 420
67
67
50
'58
56
' 987. 8
' 997. 0
' 961. 7
' 947. 0
' 975. 0
9,944
GAS
Manufactured and mixed gas (quarterly) : \
Customers, end of quarter, total 9
thousands. _
Residential
do
Industrial and commercial
do
Sales to consumers, total 9
Residential
Industrial and commercial
mil. of therms .
do
do .
2,161
139
2 287
2, 141
145
2 126
1, 985
140
504
341
148
300
168
118
551
397
150
64.3
48.8
15.0
43.0
30 3
12.2
69 1
53 7
15 1
2,020
Revenue from sales to consumers, total 9
Residential
Industrial and commercial
mil. of dol- .
do .
do
2
'Revised.
iJBeginning January 1961, trade sales lacquers (formerly shown with industrial finishes) are included under trade products.
Effective January 1961 data formerly reported as rural have been assigned to other appropriate classifications.
§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): 1960—January-March, 222; April-June, 370; July-September, 75; October-December, 94.
9 Includes data not shown separately.
{Revisions will be shown later as follows: Fertilizer imports (July-September 1959); superphosphate, etc. (January 1958-April 1959 and JanuaryMarch 1960); paints, etc. (January 1958-September 1959); electric power production (January-November 1959; for 1958 revisions, see p. 20 of the January 1960 SURVEY); electric power sales
(January 1959-March 1960); manufactured and mixed gas (1st and 2d quarters of 1958 and 1959).
cf Effective with data for January 1959, certain sales formerly included with "small, etc."
were transferred
to "large, etc." Unpublished revisions (January 1959-February 1960) are available upon request.
June 1061
SURVEY OF CURRENT BUSINESS
S-26
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1961
1960
April
May
June
July
August
Novem- DecemSeptemOctober
ber
ber
ber
January
February
March
April
May
ELECTRIC POWER AND GAS—Continued
GAS— Continued
Natural gas (quarterly) : 9
Customers end of quarter, total
Residential
Industrial and commercial
Sales to consumers total
Residential
Industrial and commercial
thousands
do
__do
mil. of therms
do
do
Revenue from sales to consumers total mil of dol
Residential
do
Industrial and commercial
do
30, 459
28, 051
2,374
30, 289
27, 934
2,321
31 175
28, 658
2.477
21. 054
6 550
13 570
16, 286
2 523
12 927
22 353
7 482
13 773
1,214.2
661. 3
523.0
814.4
332.7
455.8
1 360 9
759.1
565 0
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
9,336
9,860
8,187
6,225
7,332
8,928
6, 677
6,773
Production
thous. of bbl__
9,173
8,290
9, 129
7, 435
6 411
7,519
8,603
6 552
8 989
6,571
Taxable withdrawals
do
11,317
11,458
10, 789
11,241
10, 229
9,126
9,447
10,017
10, 887
Stocks end of month
do
Distilled spirits (total) :t
1
23,844
22, 904
22, 164
11,921
9, 126
16, 751
10, 319
16, 351
Production§
thous. of tax gal
15, 035
Consumption, apparent, for beverage purposes©
thous. of wine gal__ 18, 203 19, 090 19, 521 16, 748 18, 303 18, 633 21, 423 24, 718 27, 743
9,542
10,256
12, 708
7,699
11, 554
Taxable withdrawals§
thous. of tax gal__ 14,117 14, 121 14,718 i 7, 644
921, 318 928, 377 931, 509 1835,782 833, 699 832, 603 832, 656 834 998 840, 364
Stocks end of month §
do
2, 936
3,044
2, 205
3,752
3,320
5,088
4,356
2,629
Imports
thous. of proof gal_ _
2,820
Whisky:
14, 787
12, 934
6,874
7,285
15, 097
12 927
12 609
8 748
11, 162
Production
thous of tax gal
6,363
6,519
5, 059
6, 642
7,704
6,874
5,752
9,981
8 776
Taxable withdrawals
do
804, 642 810, 795 813, 720 814, 039 812, 166 810, 746 808, 816 810. 537 815, 499
Stocks e n d o f month
_ _ _ _ _ __do
2,569
1,952
2,718
4 544
2,546
2,954
3,843
2,313
3,333
Imports
thous. of proof gal
Rectified spirits and wines, production, totalf
6,845
5, 556
6, 594
7,373
6,552
7,788
10, 125
5,739
8 871
thous of proof gal
5,247
4,382
5,601
5,064
6,062
4,168
7,098
8,137
4,990
Whisky
_ __
_
_ do
Wines and distilling materials: J
Effervescent wines:
375
252
217
507
236
314
274
267
398
Production
thous. of wine gal__
289
144
284
222
399
243
433
481
272
Taxable withdrawals
do
2,774
2,520
2,712
2,797
2,547
2,161
2,309
2,743
2, 452
Stocks end of month
do __
79
51
71
136
38
60
100
171
75
Imports
__
. __do
Still wines:
1,846
1,284
2,067
4, 466
56, 859
7,347
70, 470
Production
do
12 211
1 854
11,929
12, 039
9,044
12, 987
11, 464
13, 284
13, 349
14, 834
12, 460
Taxable withdrawals
do
164 495 155, 874 142, 575 132, 309 125, 733 168, 517 226, 129 219 422 208, 765
Stocks end of month
do
882
586
800
977
1,034
717
736
1,270
777
Imports
do
1,835
4,789
2,366
18, 139
17, 967 117, 035 125, 569
29 789
1,577
Distilling materials produced at wineries
do
6,816
5 828
9,738
6 210
5 573
10 004
r
r
8, 331
7 358
10 507
8,448
7 070
11, 400
15,405
15 079
16 141
15 069
7,449
846 057
2,193
15 892
8,652
849 979
2,269
9,969
853 798
2,910
2,535
13 103
5,559
821,301
1 901
12 891
6*498
825, 466
2 014
13 070
6 930
829, 421
2 542
2,237
5 057
3,579
6390
4,908
6 785
5 163
431
231
357
161
373
225
355
218
2,338
2 506
2 627
2,753
58
52
2 769
11. 765
200 879
2 816
11 885
188 573
2 559
15 283
177 229
2 199
11,855
164 933
3 727
2 865
1 293
58
697
42
651
812
497
905
DAIRY PRODUCTS
Butter, creamery:
Production (factory)t
-thous. of lb__ 129, 740 148, 705
86, 148 119, 117
Stocks cold storage, end of month
do_ _
.588
.589
Price, wholesale, 92-score (New York) dol. per lb__
Cheese:
Production (factory), total t - - thous. of lb__ 131,915 156, 485
American whole milkj
do
92 775 113,925
275, 912
Stocks, cold storage, end of month, total.. _ do
240, 950
American, whole milk
do
4,738
Imports
do
Price, wholesale, American, single daisies (Chicago)
.404
dol. per lb__
Condensed and evaporated milk:
Production, case goods :J
Condensed (sweetened)
thous of Ib
6 675
Evaporated (unsweetened)
_
do
202, 600
Stocks, manufacturers', case goods, end of month:
5,436
Condensed (sweetened)
thous. of lb__
112, 475
Evaporated (unsweetened)
do
Exports:
4,683
Condensed (sweetened)
do
5,608
Evaporated (unsweetened)
do
Price, manufacturers' average selling:
6.35
Evaporated (unsweetened)
_ _ __dol. per case_.
Fluid milk:
Production on farmst
.
mil. of lb_ 11,020
Utilization in manufactured dairy products}: _.do __. ' 4, 482
Price, wholesale, U.S. averaget
dol. per 1001b__ 3.96
Dry milk:
Production :t
Dry whole milk
thous. of lb__
9,850
185, 500
Nonfat f\ry milk (human fond)
do
Stocks, manufacturers', end of month:
5,753
Dry whole milk
do
Nonfat dry milk (human food)
do - 112,314
Exports:
4,446
Dry whole milk _
do
9,436
Nonfat dry milk (human food)
_ do
Price, manufacturers' average selling, nonfat dry
.134
milk (human food)
___
dol. perlb._
r
143, 000 116,985
162, 731 179, 861
. 586
.586
97, 990
169, 325
.598
83, 985
135, 540
.618
94, 600
116, 015
.616
93, 620
90, 587
.623
109, 200
76, 808
.619
121,810
75, 707
.611
116, 520
80 289
.611
130, 990
97, 986
.612
157, 035
114, 030
135,255
97, 150
120, 635
84, 135
108, 905
72, 375
110, 585
71, 235
106, 985
67, 925
121, 180
77, 990
122, 625
84, 275
114, 955
77, 830
139, 380
93 965
307, 523
267, 071
4,670
345,165
304, 111
4,494
360, 107
315, 728
3,430
358, 914
317, 946
4,382
346, 189
304, 237
5,045
333,011
291, 735
7,115
328, 804
287, 718
8,121
332,594
292,011
7,408
327,633
287,030
7,259
332, 401
293, 505
6 822
341, 084 ••368,343
302,
349 -•324,940
r
6,621
5 610
.392
.392
.392
.401
.430
.438
.438
.438
.434
.412
.418
.422
6,140
264, 000
6, 225
245, 600
5,880
207, 200
5, 860
203, 300
5,815
171, 000
6,085
160, 500
5 725
139,200
4 806
139, 700
6 220
142, 300
5 685
131, 700
6 260
181,000
5 640
207, 000
6,435
206, 758
6, 255
261,179
4, 856
302, 101
5, 467
364, 741
5, 484
341, 169
5,835
319, 174
6, 262
293, 379
6,533
218,315
5,545
154, 947
5,100
125, 468
5, 676
83, 145
5,538
111,046
3,664
5,918
3,996
9,375
3,246
14, 035
3,902
6, 773
3,288
6,220
3,213
11,141
4,721
8,168
2,546
13, 990
3 329
9,405
5 197
3,789
4 608
4,359
4,683
12, 852
6.31
T
135, 665
121, 230
.612
147, 205
105, 025
6.33
6.31
6.31
6.32
6.33
6.33
6.33
6.32
6.31
6.31
6.32
12, 206
' 5, 242
3.82
11,689
'5,083
3.80
10, 750
' 4, 235
3.95
10, 006
9,352
' 3, 681 ' 3, 207
4.42
4.15
9,365
' 3, 426
4.57
8,974
3, 318
4.65
9,495
3,782
4.60
9,859
' 4, 066
4.45
9,381
' 3, 858
4.31
10, 843
4,505
' 4.18
11, 168
4,729
4.01
9,700
224, 600
9,000
211,000
7,700
158, 350
7,600
121, 650
8,300
98, 800
8,500
110, 000
7,450
110, 300
7,600
138, 350
6,750
152, 200
6,480
150, 200
7,500
194, 300
6,200
193, 500
6,848
153, 380
7,951
162, 345
7,205
156, 882
6,405
137, 126
5,254
113, 795
4,892
110,247
5,550
101, 690
6,890
103, 077
7,325
103, 145
6,122
109, 041
5, 813
104, 872
5,829
127, 154
2,787
6,073
2, 525
19, 150
2,401
21,923
1,694
17, 922
1,734
13, 573
1,941
35, 090
1,120
21, 085
376
22, 963
3,201
19,315
1,308
11, 597
1,353
13, 442
10, 404
.135
.135
.134
.134
.136
.138
.139
.140
.139
.143
.155
T
.139
160 178
.612
400, 158
353 419
.411
12, 278
*3.89
900
1
Revised.
* Preliminary.
See note "§".
9 Totals include data not shown separately. Revisions for 1952-58 for total sales and total revenue (for 1st and 2d quarters of 1958 for other items; see footnote) are on p. 24 of the April 1960
3UKVEY. Revisions for 1st and 2d quarters of 1959 will be shown later.
§ErTective July 1960, data exclude amounts classified as "spirits"; such amounts now included with ethyl alcohol (p. S-24). June 1960 data on comparable basis (thous. gal.): Production,
16,910; withdrawals, 9,962; stocks, 835,827.
O Alaska included beginning January 1959.
tRevisions for the indicated items and for the periods specified are available upon request as follows: Distilled spirits, rectified spirits, and wines (except import data for these items)—
July-December 1959 (scattered revisions); butter and cheese (total and American)—January 1957-June 1959; condensed and evaporated milk—January 1958-June 1959: dry whole milk—January 1952-December 1959; nonfat dry milk—January 1954-June 1959; fluid milk production—January 1955-December 1959; fluid milk used in manufactured dairy products—January 1952-July
1959; and January-March 1960; fluid milk price—June 1958-February 1959.
SURVEY OF CURRENT BUSINESS
June 1901
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-27
1960
April
May
June
July
1961
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
Shipments, carlot
Stocks, cold storage, end of month
thous of bu
No. of carloads..
thous. of bu~-
Citrtis fruits carlot shipments
No of carloads
Frozen fruits, juices, and vegetables:
Stocks, cold storage, end of month:
Fruits
thous. of Ib
Fruit juices and purees
do
Vegetables
__
do
Potatoes, white:
Production (crop estimate)
thous of cwt
Shipments carlot
_ _ No. of carloads.
Price, wholesale, U.S. No. I (New York)
dol. per 100 Ib
1, 666
4,248
1, 435
1,166
426
316
119
167
16
178
231
14, 120
1,087
44, 598
1,493
37, 539
i 106 380
1,718
28, 100
1,183
21, 665
1,189
14, 958
1,443
9,219
1,611.
r 4, 506
1, 403
1, 703
7,145
7 475
5,569
4,689
3 658
3 197
2,188
3 076
8 189
6 033
5 841
6 390
5 754
6 609
271,614
538, 952
586, 537
251, 775
648, 357
544, 864
316, 926
625, 198
563, 562
430, 862
554, 600
634, 794
496, 852
453, 229
801, 345
522, 051 517, 744 507,683 482 688
413, 014 353, 408 291,691 290, 730
942, 145 1,012,996 1,017,386 983, 519
449, 926
384, 114
877, 632
405 768
509. 681
847, 530
348 949 r300 475
527, 843 '578,531
809, 594 ''802.726
281 63f>
679, 333
748, 584
14, 969
17, 723
18, 336
7,741
5, 265
1256 677
10 388
11, 785
1? 524
89, 143
15, 394
17, 976
7,385
8, 758
9,388
16 448
r
6.642
6.750
4.760
3.153
3.836
3.790
3.981
4.160
4. 050
3.692
4 200
Exports (barley, corn, oats, rye, wheat)! thous. of bu._
87, 461
81, 439
72, 465
66, 111
68, 721
83, 248
81, 262
86, 743
86, 241
76, 866
94 351
Barley:
Production (crop estimate)
Receipts 4 principal markets.
10, 962
13, 967
17, 057
13, 616
36, 708
19, 794
14, 429
13, 511
1 423, 136
11,021
16, 294
13 778
15 365
5,949
8,279
2168
2
56
2
112
7,956
6,007
5,995
468
280
188
9,680
9,304
7,370
355
99 2
153
6,584
6,288
7 480
245
126
118
5 723
8,399
1.157
1.081
1.176
1.112
1.162
1.075
1.092
1.013
1.125
1.026
1.122
1.012
1.148
1.069
1.119
1.025
1.129
1.037
1.139
1.043
1 141
1.054
1 145
1.060
1.176
1.095
1.189
1.097
12, 239
25, 150
13, 118
34, 267
13, 777
34, 517
12, 370
28, 441
13, 712
34, 077
13, 080
21, 172
13, 851
29, 939
12, 396
78, 466
i 4, 353
11,034
29, 730
12,172
28, 599
11, 924
39 739
13, 393
33 442
11, 980
40, 954
13, 412
41, 163
16, 391
18,016
2,533
1,305
1,228
19, 144
15, 960
19, 598
3 649
2 070
1 580
18, 976 ' 30, 068 24, 743
1.206
1.124
1.213
1.145
1.200
1.152
1.194
1.135
3,421
4,830
7,672
10, 198
4 325
P 4. 536
109, 180
89, 143
GRAIN AND GRAIN PRODUCTS
_
do_
do
Stocks (domestic) end of quarter, total cf mil of bu
On farms 1
do
Off farmed
do
Exports including malt t§
thous o f b u
Prices, wholesale (Minneapolis):
No 2 malting
dol. per bu
No 3 straight
_ do_ ..
Corn:
Production (crop estimate)
Grindings, wet process©
Receipts interior primary markets
mil. of bu_
thous. of bu..
do _
Stocks (domestic), end of quarter, totalcf mil. of bu
On farms
do
Off farmscf
do
Exports, including meal and flour J. . thous. of bu_Prices. wholesale:
No. 3, yellow (Chicago)
dol. per bu_.
Weighted average, 5 markets, all grades
do —
Oats:
Production (crop estimate)
Receipts, interior primary markets
mil of bu
thous. of bu._
Rice:
Production (crop estimate)
thous of bags 9
California mills:
Receipts, domestic, rough__
thous. of Ib
Shipments from mills, milled rice_
... do
Stocks, rough and cleaned (cleaned basis), end
of month
thous oflb
Southern States mills (Ark., La., Tenn., Tex.):
Receipts, rough, from producers
_ do _
Shipments from mills, milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis), end of month
mil. o f l b
Exportst
_
_. .
thous. of lb.
Price, wholesale, head, clean (N.O.)
dol. per lb..
Rye:
Production (crop estimate)
thous. o f b u
Receipts, interior primary markets
do
Stocks (domestic), end of quarter, totalcf
do
Price, wholesale, No. 2 (Minneapolis). -dol. per bu_.
Wheat:
Production (crop estimate), total
Spring wheat
__ _
Winter wheat
Receipts, interior primary markets
Disappearance (quarterly total)
mil. ofbu
do
do
thous. of bu_.
do
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
dol. per bu__
No. 2, hard winter (Kansas City)
do
No. 2, red winter (St. Louis)
do
Weighted avg., 6 markets, all grades
do
27, 784
1.165
1.037
1. 057
1.014
.960
.942
1.017
.991
1.101
1.042
1.128
1.046
1.106
1.045
1.081
1.011
1.131
1.067
39,112
16, 046
6,263
4,461
i 1, 162
2,820
6,733
6,363
4,367
3,678
9,279
.682
1,085
963
121
40
851
766
85
2,188
.734
4.065
.680
5,641
.653
3,841
.642
1,647
(3)
111,974
66,035
79, 968
51,687
75, 145
81, 240
88, 282
81, 634
69, 800
32, 566
36, 072
25, 436
212, 208
38, 682
64, 197
47, 541
113, 300
108, 707
73, 218
51, 209
62, 212
58, 978
129, 902
74, 410
203, 612
66, 678
217, 531
64, 075
201, 045
46, 938
207, 057
658.9
169, 367
.083
547.4
174,149
.083
421.1
167, 725
.083
246.3
130, 246
.081
208.6
42, 918
.079
831. 7
69, 319
.077
641
969
3,338
4,832
1.159
1.167
2,068
2 10, 489
1.150
1.083
1. 068
1,920
35, 519
1.106
2
2
61, 809
54, 391
52, 250
47, 295
103, 693
2,760
.661
2,300
.605
733
.640
123 031
98, 610
129, 554
76, 570
96 718
70, 856
100 931
76, 069
49, 785
59, 801
140, 554
126 439
133, 119
125 993
118 979
87, 159
100, 423 1,245,312 1,333,826 456, 749
98, 679 201,098 320, 686 272, 295
270, 578
344, 358
147.889
257, 071
125, 754
241, 328
111,908
270, 652
77, 623
216, 429
1,403.4
187,856
.078
1, 472. 3 1,322.1
213, 987 1250, 046
.079
.081
1, 176. 5
244, 542
.083
1,029. 2
153, 699
.083
842.9
615.9
226,r 1 93 189, 757
.084
p. 085
1,176
i 32, 109
529
25, 646
1.093
1.093
460
679
1.097
1.115
87, 874
1,314
2
96
1,218
41, 304
36, 802
47, 595
332, 993
1.114
33, 260
38, 479
34, 513
53, 776
48, 529
54, 403
712
1 1, 363. 4
i 246 3
1
1,117 1
23, 809
18,159
279,693
2,345
550
1,795
40, 950
37, 388
559
483
76
1,020
.654
1,143
.665
1
Stocks (domestic), end of quarter, totalcf-.mil. of b u _ _
On farms
do
OfTfarmscf
do
Exports, total, including flour J
..thous. of bu__
Wheat onlyj _ _ _ _ . _ . _ _ _ - _
do
16, 556
1.184
1.110
3,741
.750
30, 957
251,259
10, 566
20, 028
1,925
(3)
18, 478
10, 925
4,700
3 060
1 641
28. 610
3,212
(3)
18, 745
r
1, 789
2454
1,335
13, 659
2
2
268
2
228
2
Stocks (domestic), end of quarter, total of mil o f b u
On farms
_
_ _ _
do
Off farms cf
do
Exports, including oatmeal t
thous. of bu.
Price, wholesale, No. 3, white (Chicago). _dol. per bu_-
2
r
34, 267
r
23, 834
2,067
421
1 646
50, 831
45, 317
49, 594
42, 171
49 785
41, 004
1, 235
20, 105
1.147
27, 338
364, 708
1,019
1,094
(3)
1.129
U 343 0
4 222 5
4
1 120 5
15, 730
25, 279
1,706
258
1 448
49 691
44, 800
64 442
57 083
70 346
61 335
54 045
48 941
2. 256
2.269
2.287
2.285
2.120
2.146
2.142
2.157
2.146
2.149
2. 154
2.150
2.171
2.217
1.892
2.008
2.103
1.953
1.937
1.982
1 988
2 009
2 025
2 025
2 040
2 050
2 004
1 962
2.092
1.784
2.037
1.825
1.817
1.852
1.950
2.073
2.145
2.127
2.106
1. 780
(')
(3)
2.259
2.233
2.023
2.174
2.113
2.132
2.130
2.146
2.135
2.138
2. 125
2. 130
2. 155
2.182
r
l
2
Revised.
» Preliminary. 4
December 1 estimate of 1960 crop.
Old crop only; new grain not reported until beginning of new crop year (July for barley, oats, and wheat; October
for corn).
3 No quotation.
June 1 estimate of 1961 crop.
{Scattered revisions for 1958-January 1960 for exports of indicated grain series will be shown later.
§ Excludes a small amount of pearl barley.
OData beginning January 1959 are on
standard 17-percent moisture basis; prior thereto, on basis of varying moisture content (from 12 to 25 percent).
9 Bags of 100 lb.
cfData prior to last quarter of 1959 will bo shown later. The figures include grain owned by Commodity Credit Corporation and stored off farms in its own steel and wooden bins.
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
June 1961
1960
April
May
June
July
August
1961
Septem- October Novern- December
ber
i
ber
January
February
March
April
May
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Continued
Wheat flour: J
Production:
207 r 20,
359 ' 19,420 ' 22, 194 ' 21
, 804 r 23, 496 r 22,
374 ' 21,800 r 22, 631 '21,240 ' 22, 666
Flour
thous. of sacks (100 Ib.) '•19,519 ' 19,
r
r
r
r
T
84.9
85.9
' 103. 6
'90.1
' 86 2
98.6
96. 1
89 5
' 95 9 ' 99 5 ' 98 5 ' 91 0
Operations percent of capacity
' 366 r '387 r '371
'411
'406
'417
'"372
'422
'440
'417
'421
'392
Offal
thous. of short tons..
46, 526
44, 482 ' 50, 810 ' 49, 801 r 53. 610 ' 50, 837 r 49, 584 '51,437 ' 48, 150 ' 51, 370
Grindings of wheat
thous. of bu ' 44, 656 r 43, 850
Stocks held by mills, end of quarter
4, 161
4, 330
4,811
4 669
thous of sacks (100 Ib )
1,957
3,227
2,155
2,397
3,818
2,281
1,548
1,724
3,225
2,127
3,200 '3,918
Exports
-do
Prices, wholesale:
Spring, standard patents (Minneapolis) §
5.435
5.365
5. 303
5.455
5.343
5. 250
5.330
5.328
5.280
5.300
dol. per 100 lb__
5. 315 'T 5. 335
5.050
5.050
5.033
5.050
5.083
5.033
5.090
5.017
5. 033
4.983
5. 050
4 933
Winter hard 95% patents (Kansas City) § do
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected) :
Calves
thous. of animals
Cattle
do. .
Receipts principal markets
do
Shipments feeder to 8 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago)
dol. per 100 Ib
Steers stocker and feeder (Kansas City)
do
Calves vealers (Natl Stockyards 111 )
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 8 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 in) , inspected
slaughter
mil. of Ib
Stocks (excluding lard), cold storage, end of month
mil. of lb_.
Exports (including lard)
do
Imports (excluding lard)
do
Beef and veal:
Production inspected slaughter
do
Stocks, cold storage, end of month
thous. of lb._
Exports
.__
do
Imports
do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs.) (New York)
dol. per lb__
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 Ib
Stocks, cold storage, end of month
do
Exports
...
do
Imports
do
Prices, wholesale:
Fresh loins, 8-12 Ib. average (New York)
Lard:
Production inspected slaughter
thous
Stocks dry and cold storage end of month
Exports
_
do
of Ib
do
do
18, 701
86 2
345
42, 394
2,219
p5. 431
PO. 049
394
1,412
1, 569
295
378
1,606
1,827
352
397
1,692
1,741
301
374
1, 592
1,599
249
450
1,787
1,992
38S
514
1,782
2, 092
783
516
1,746
2, 605
1,319
502
1, 625
2, 086
884
451
1,576
1,634
541
427
1,632
1, 826
476
385
1,435
1,397
311
457
1,627
1,629
402
378
1, 502
1,541
371
27.13
25. 46
28 50
26. 75
25. 38
29 00
25. 58
23. 50
26 00
25.30
21.81
25.50
24.75
21.23
24 50
24.62
20.91
25.50
24.83
21. 59
25. 50
26.00
22.54
28.00
26.61
23. 61
30 00
27.02
24.29
33 50
25. 84
23.70
36 50
25. 32
24. 50
'32 50
24. 73
24. 38
p 30. 00
5 571
2,578
5,483
2,672
5,086
2,465
4,304
2,061
5 203
2, 466
5,165
2,330
5, 407
2,451
5,707
2,597
5, 753
2,615
5. 744
2, 586
5 078
2,234
6 110
2, 530
5,049
2,248
15.68
15.57
16.11
16.57
16.14
16.07
17.04
17.06
16.68
16.82
17.74
17.26
16.90
16.19
14.8
14.4
14.8
15.2
15.3
14.7
17.1
19.2
17.8
17.1
17.6
16.9
17.5
15.7
1 054
902
148
1,110
1,086
258
1,137
881
205
1,113
875
190
1,240
1,165
474
1,323
1,457
722
1,353
1,507
616
1,192
1,005
215
1,114
889
184
1,300
1,003
177
1,117
835
128
' 1,311
938
119
1,247
988
157
21.25
21.20
21. 25
20.88
21.50
19.61
20.25
17.95
18.25
17.21
16.50
17.34
16. 50
15.98
16.50
15.95
16.50
15. 78
17.25
16.59
17.25
16.96
16.50
16.65
15. 25
15.75
1,959
2,071
2,054
1,834
2,097
2,081
2,110
2,112
2,100
2,154
1,879
2,211
1,945
641
94
71
634
80
57
591
89
67
532
69
77
461
88
94
403
89
68
402
103
56
410
78
43
423
89
51
444
75
59
470
74
50
477
69
71
'529
58
80
887.7
166, 041
2,640
45, 933
1, 004. 8
156, 143
2,062
36, 220
1,044.7
153, 078
2,142
43, 044
976.2
153, 322
1,770
51,718
1,091.6
160, 876
2.596
70, 735
1, 094. 5
171,243
2,756
48, 636
1,074.1
182, 739
2,877
36, 300
1,002.4
182, 239
3,077
24, 778
977.2
183, 540
2, 620
28, 581
1,035.0
168, 238
2,973
34, 537
908.9
156, 977
2,786
31, 029
.433
.425
.421
.438
.459
.476
.458
56 532
13, 434
59, 347
12, 644
62, 057
12, 286
56, 561
12, 424
54, 093
12, 442
64, 972
12, 316
.474
.473
.451
.441
52, 430
10, 921
53, 333
9,943
52, 067
11, 654
49, 974
13, 178
1 101 4
1 012 9
957 3
807.8
949 0
927.1
974.2
1, 053. 4
1,069 2
1,053 9
913 4
766 768
386, 291
5, 948
14, 646
716,454
350, 688
3,583
17, 329
607, 007
294, 242
3, 006
15, 584
715 652
220, 665
4,278
13, 227
704, 006
157,812
7,103
12, 568
744, 573
143, 934
6,352
13, 842
808, 536
153, 629
7,245
13, 530
816, 207
170,226
6,578
13, 382
804, 286
200, 383
7,304
14, 569
696 199
235, 567
6,682
12, 693
.476
.429
492
.453
484
.492
469
.508
469
.485
.445
.520
472
.525
476
.505
526
.489
491
.490
487
.490
179 103
136, 000
56, 154
123
180 153
149 800
49, 825
120
175 670
136, 400
62, 724
123
146 486
128, 900
42, 940
133
169 799
108, 900
51,186
140
162, 085
92, 500
42,319
128
167, 381
72, 400
57, 920
.133
178 840
83, 400
32, 995
140
184 405
93, 500
49, 381
131
182 790
114,300
40, 461
135
158 935
112 400
39, 997
158
POULTRY AND EGGS
Poultry:
413
Slaughter (commercial production)
mil of Ib
Stocks, cold storage (frozen), end of month
thous. of lb__ 184, 704
87, 277
Turkeys
do
Price, in Georgia producing area, live broilers
167
dol per Ib
Eggs:
15.4
Production on farms
mil. of cases 9 _.
Stocks, cold storage, end of month:
299
Shell
thous. of cases 9
90, 104
Frozen
thous of Ib
Price, wholesale, extras, large (delivered; Chicago)
.363
.444
66 856
17, 618
1,018.9
490
506
526
631
656
718
638
518
477
378
159, 218
74, 306
149, 832
66, 717
152, 737
70, 891
201,111
112,517
292, 626
186, 057
414, 384
282, 187
352, 509
209, 941
300, 708
160, 097
298, 026
169,292
267, 538
152,383
18.75
14.04
532
952. 0
1, 042. 4
153, 366 ' 166, 358 163, 642
2,582
2, 370
53, 493
42, 604
57, 121
11, 767
773, 678
383, 291
7,078
15, 448
23.09
23.06
.434
.415
63, 033
' 22, 033 24, 212
929. 5
840 157 700, 683
243, 667 '269,792
4,876
4, 579
12, 618
17,552
273, 259
486
.457
P 460
.456
.456
191 463
141,200
33, 899
158
166 682
153, 100
26, 065
P 143
460
491
228, 953 '206,271
126, 064 '108,325
169
171
171
160
. 150
. 151
149
148
155
170
163
118
15.8
14.4
13.9
13.3
12.6
13.0
13.1
14.0
14.3
13.5
15.7
15.3
753
121, 768
1,110
157, 040
1,029
166, 387
746
158, 094
483
139, 797
269
113, 743
96
87, 344
76
64,144
80
54, 158
49
48, 706
49
53, 965
.328
.297
321
367
.458
.493
523
.447
.370
387
353
' 78
' 66, 930
188. 842
94, 262
15.4
249
91, 607
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
21, 465
22, 792
15, 477
15, 304
39, 265
31,600
32, 527
20, 129
33, 298
17, 613
30, 392
30, 993
18, 678
Imports (incl. shells) ___
long tons
.288
.284
.298
.293
.229
.230.285
.295
.255
.228
.290
.205
.226
.283
Price, wholesale, Accra (New York)
dol. per Ib..
r
Revised.
*> Preliminary.
J Revisions for 1958-March 1960 will be shown later.
§ Quotations are for 100 pounds in bulk; prior to 1959 for 100-pound sacks.
9 Cases of 30 dozen.
SUEVEY OF CURRENT BUSINESS
June 1001
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-29
19CO
April
May
June
•Tuly
August
1961
Septem- October Novem- December
ber
ber
February
January
March
May
April
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS— Con.
Coffee (green):
Inventories (roasters', importers', dealers'), end of
quarter
thous. of bagsc? -.
TJ castings (green weight), quarterly total
do
Imports
- -- - do
From Brazil
do
Price, wholesale, Santos, No. 4 (New York)
dol. pcrlb..
Confectionery, manufacturers ' salesf
mil. o f dol _ _
1,648
758
1,816
748
2,931
5. 205
1 , 850
985
1,625
803
2 031
1 057
.371
-89
.373
r
74
.375
r
77
369
'62
. 364
'84
146,579
165, 822
193, 461
3, 440
5 083
1,963
863
2 078
1 826
3, 204
5 774
1,828
1 951
1 717
2, 965
5 92S
2 234
784
546
730
621
642
841
749
. 365
r
128
. 360
' 110
.368
100
.309
100
.378
103
.372
87
. 375
135
. 368
' 129
210, 519
222, 396
223, 188
237, 163
230, 463
150, 157
179, 030
. 369
r
1.771
Fish:
Stocks, cold storage, end of month
thou.. of l b _ _ . 133, 765
Sugar:
Cuban stocks, raw, end of month
thous. of Spanish tons..
4,290
United States:
Deliveries and supply (raw basis) :
Production and receipts:
Production
_
short tons
63, 640
Entries from off-shore, total 9
do
1,029,544
Hawaii and Puerto Rico
_ . do.
232 758
3, 996
3, 204
2, 910
2, 564
2, 305
2, '386
1,661
1,335
1,415
2, 325
4,280
4, 215
47, 042
883, 079
166, 150
45, 267
726, 002
227, 288
29, 414
393, 966
226, 355
61, 750
296, 251
250 283
127,933
202, 533
141,012
650 761
145, 498
134 105
867 524
111,737
59 43'>
768 200
81,684
40 838
288 646
361,519
83 220
50 734
173, 198
117 917
47 827
125.126
139 929
738, 762
308 408
Deliveries, total
._
do.
For domestic consumption..
do_ _ _
For export and livestock feed
do
Stocks, raw and refined, end of month
thous. of short tons..
Exports
.
short tons
Imports:
Raw sugar, total? _ ..
do _
From Cuba
__
do- _
From Philippine Islands __
...do _
705, 390
699,916
5 474
785, 680
780, 032
5, 648
976,291 1,071,969
968, 753 1,061,206
10, 763
7,538
892 447
882, 429
10 018
842, 516
837, 525
4 991
704 375
699, 680
4 695
685 437
683, 009
2 428
720 836
717,104
3 732
629 898
625 878
4 020
051 020
046, 092
4 928
764 906
758, 499
6 407
1, 954
243
2,023
331
1,716
297
1,396
414
1,175
425
984
308
1,365
1,946
2,337
262
352
2,099
389
2, 038
193
2,327
276
2,217
291
416, 946
317, 287
91,112
480, 656
393,195
73, 584
411,892
282, 570
120, 082
393. 494
211, 464
160,409
327 623
3,280
192 515
343, 856
196 617
351, 845
276 073
217 799
471 485
216 614
0
0
0
0
0
337 491
0
0
0
25 227
41 832
45 698
34 919
56 560
103 850
163 510
110 929
Refined sugar total
do
From Cuba
do _.
Prices (New York):
Raw wholesale
- dol. per Ib
Refined:
Retail§
_ _ dol. per 5 Ib
Wholesale (excl. excise tax).
dol. perlb
Tea imports
thous. of Ib
45 457
42, 595
60 451
47,415
48 632
43, 959
56 170
42, 434
26 792
3, 750
23 635
6,375
23 424
8 789
6 005
6 811
r 21 282
11 703
180
180
o
7 805
960
0
0
0
062
. 001
061
.066
064
066
064
065
064
004
003
062
002
.540
.085
9 536
.541
. 085
10, 588
.541
. 085
9 940
541
.087
8, 586
565
090
9 132
568
090
571
090
571
090
589
088
573
088
573
088
574
088
573
9 13°
8 050
7 845
9 710
8 993
7 734
10 630
8 997
185. 7
193.8
206. 8
151.8
218.1
1S9. 4
205. 1
193.5
186.9
199. 1
209. 9
211.8
188. 6
118.7
115.9
126. 2
109. 1
108. 3
111. S
1 1 7. 9
105.2
1 '.>(). 3
100. 1
101.1
119.0
132.7
136 4
156 8
104 1
145 7
164 9
133 6
138 9
140 7
156 1
17° 4
1 r>9 4
r
184 5
102 4
54. 3
56. 2
49.7
50. 6
48.6
41.2
42.6
42.8
57. 1
73. 2
110.0
r
157.8
177.3
139 6
123 7
132 0
120 1
135 2
134 6
150 3
148 1
158 3
175 3
155 9
9
128 8
39.1
32.8
39. 9
35.2
33. 5
33.7
32 9
31.4
32. 0
35. 3
35. 9
42.8
34. 5
.238
.238
.238
.238
.238
'. 235
. 235
. 235
. 245
247
. 255
' 262
p 262
24.5
23 0
28.8
26 3
27.0
24 6
24.5
21 7
30.0
28 2
27.6
22 6
28.0
27 6
30.7
28 3
27.2
30.0
26 1
34.9
33 8
' 35. 5
29 5
34.8
99 3
Baking or frying fats (incl. shortening) :*
Production.
.mil. oflb..
Stocks (producers ' and warehouse), end of month
mil. oflb.
Salad or cooking oils:*
Production
do
Stocks (producers' and warehouse), end of month
mil. o f l b _ .
Margarine:
Production
do
Stocks (producers' and warehouse), end of month
mil. oflb..
Price, wholesale (colored; delivered; eastern U.S.)
dol. per l b _ _
203,610 ' 172, 880 •• 157, 281
139
r
4, 4:30
457
005
FATS, OILS, AND RELATED PRODUCTS
Animal and fish fats: A
Tallow, edible:
Production (quantities rendered)
mil. o l l b _ _
Consumption in end products^
do
Stocks (factory and warehouse), end of month
do
Tallow and grease (except wool), inedible :J
Production (quantities rendered) _
do
Consumption in end products^
.
- do Stocks (factory and warehouse), end of month
do.—
Fish and marine mammal oils:J
Production
_
do
Consumption in end products© -do
Stocks (factory and warehouse), end of month©
mil. oflb..
Vege table oils and related products:
Vegetable oils (total crude and refined):
Exports
do
Imports
_.
do
Coconut oil:
Production:
Crude
do
Refined0
_
__
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse),
end of month
mil. o f l b .
Imports
do
Corn oil:*
Production:
Crude
do
Refined©
.
do
Consumption in end products
_
do
Stocks, crude and refined (factory and warehouse) ,
end of month
mil. of lb_.
T
2
24 7
24.1
23.1
22.5
23.0
23.8
27.0
24.7
24.8
26.4
24.9
24.2
26.3
25 5
237.6
150.9
253 7
153. 9
255 4
107. 0
233 9
117.3
255 0
161 4
254 3
157 5
249 6
161 5
257 8
151 8
251 8
147 0
261 1
141 9
9
49 9
136 6
r 290 5
150 6
275 4
145 8
323.1
291. 9
282. 5
301.1
310. 7
342.7
339.6
330.8
304. 8
338. 4
347. 1
348. 5
333. 7
2.1
7 2
14.2
80
35 1
9 0
40 0
8 2
36 8
10 6
29 5
9 1
22 7
8 3
9 0
8 5
7 8
8 5
3
9 3
r
8 4
r
5
9 4
2 7
9 5
73.3
69.7
82.7
87.4
105. 6
91.9
95. 0
109.5
96.0
87.1
84.3
84.2
85. 6
164 3
51.9
165 4
39.0
229 3
57.0
12? 5
42 6
241 ft
37 0
59 4
52 5
71 '>
47 6
138 3
40 2
156 0
48 1
129 9
38 7
86 8
46 5
49 4
41 0
149 1
36 °
43 6
35 1
52.8
43 7
38 8
57.9
39 0
35 9
55.9
44 7
27 5
35.7
47 9
36 8
54.7
35 9
32 6
49. 5
45 8
36 3
53.1
44 8
35 4
48.0
46 2
30 0
42.6
50 6
31 4
45.3
37 9
99 9
43.8
33 7
35 2
51 . 4
29 7
37 9
54.0
315. 0
13.2
315.4
12 3
306. 2
18.3
322. 4
7 8
327.0
8 9
322.6
16 5
321.2
328. 5
16 1
338. 6
16 3
357. 9
13 8
340. 3
12 5
339. 8
0 6
316.6
0 7
25 0
22.9
21.6
29 0
21 1
22 4
28 5
25 0
26 2
27 7
24 3
24 4
29 6
32 0
29 5
27 4
25 5
20 5
28 0
27 6
29 3
20 8
25 1
29 2
9
4 2
24 3
25 3
25 6
27 9
24 9
94 Q
24 5
95 9
27 i
20 5
20 8
28 1
26 3
94 g
32.7
39.1
38.7
42.6
37.7
38.7
37.9
33.4
33.2
32.8
32.7
30. 4
36.5
2
Revised.
* Preliminary.
* Beginning September 1960, prices are based on a new specification and are not entirely comparable with those for earlier periods.
Beginning A pril 1960.
data include Government Services Administration stocks and are not comparable with those for earlier periods.
cf Bags of 132.276 Ib.
^Revisions for January 1956-March 1959 and January-March 1960 for confectionery will be shown later; those for January-November 1958 for fats and oils appear in
Census report, "Fats and Oils, 1958" (Series M28-1-08). 9 Includes data not shown separately.
§Price for New York and northeastern New Jersey.
*New series; comparable data prior to December 1958 not available, except for corn oil which may be obtained from Census reports.
AFor data on lard see p. S-28.
iConsumption data exclude quantities used in refining.
OConsumption figures exclude data for cod, cod-liver, and other liver oils, and stocks include only the quantities of these oils
held by producing firms. ©Production of refined oils covers once-refined oils (alkali refined).
SURVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
June 19H1
I960
April
May
June-
July
1961
DecemAugust SeptemOctober November
ber
ber
•':;;>;'- ™™-
March
,,,„
Msy
FOOD AND KINDRED PRODUCTS; TOBACCO— Continued
FATS, OILS, AND RELATED PRODUCTS— Con.
Vegetable oils and related products— Con.
Cottonseed:!
Consumption (crushings)
thous. of short tons_.
Stocks (at oil mills), end of month
do
Cottonseed cake and meal !
Production
do
Stocks (at oil mills), end of month
do- __
Cottonseed oil:
Production:
Crude!
mil. of Ib
Refined d71
do. ~.
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) ,
e n d o f month
_ _ _ _ _ _ _ _ mil. o f lb__
Price wholesale (refined* drums; N.Y.) dol. perlb
373.7
596.0
252.4
357. 3
1 76. 6
191.1
142.7
104.8
139.8
205.0
' 758. 3 ' 742. 1
412.9
701.9 ••1,642.7 ••2,406.0
175. 8
188.9
116.9
204. 5
83.0
202.8
70.0
189.9
68.6
157.7
189.3
137.1
' 167. 9
' 199. 7
130.9
136. 2
96.8
86.7
106.6
103.7
62. 6
81.3
103.8
51. 3
46.9
86.9
48.8
55.9
107.6
133.3
71.5
91.8
' 257. 5
160.7
109.0
495. 7
.151
446.9
.156
357. 6
.155
286.2
.151
200.0
. 153
216. 8
.145
30.4
20.0
3.43
32.9
21.7
3.19
21.9
33.0
3.01
31.9
30.7
3.11
21.7
34.0
23.8
35.0
15.8
32.4
123.9
.132
89.5
.132
995. 9
1,405.4
939.8
1,291.5
Flaxseed:
40.5
Consumption (crushings)
thous. of short tons27.8
Stocks (at oil mills), end of month
_ d o ..
3. 36
Price, wholesale (No. 1; Minneapolis)-- dol. per bu._
Linseed oil:
29.5
Production crude (raw)
mil. of Ib
30.1
Consumption in end products!
- do _ _
Stocks, crude and refined (factory and warehouse),
151. 2
end of month
_
mil. o f l b _ .131
Price wholesale (Minneapolis)
dol. perlb.,
Soybeans:!
' 997. 1
Consumption (crushings)
thous. of short tons
Stocks (at oil mills), end of month
_ do -- ••1,625.4
Soybean cake and meal:*!
Production
mil. of lb._ -•1,514.2
* 249.0
Stocks (at oil mills), end of month..
do
Soybean oil:
Production:
-368.0
Crude!
- -do 273.2
Refined &
do
264.6
Consumption in end products!
> _
_ do _
Stocks, crude and refined (factory and warehouse),
595. 9
end of month
- mil. of lb_
.121
Price wholesale (refined' N Y )
dol perlb
TOBACCO
Leaf:
Production (crop estimate)
mil of Ib
Stocks, dealers' and manufacturers', end of quarter,
total
mil of Ib
14, 360
Exports including scrap and stems
thous of Ib
12, 734
Imports including scrap and stems
do
Manufactured products:
Production manufactured tobacco, total
_ _ do -- 14, 257
5,237
Chewing plug and twist
do
6,389
Smoking
- do
2,631
Snuff
do -Consumption (withdrawals):
Cigarettes (small):
2, 642
Tax-free
__millions_
36, 929
Tax-paid
do
502,
306
Cigars (large) tax-paid
_ - thousandsManufactured tobacco and snuff, tax-paid
14,
054
thous of Ib
1,434
Exports cigarettes
mill^ons-
666. 9
1,964.3
525. 7
1,509.8
480.4
1, 059. 6
401.8
668. 1
287.5
' 197. 8
309.8
297 2
247.4
239. 6
224.9
272.0
189 3
270. 5
r 249. 0
176.7
112. 2
205.8
159.4
113.7
223.8
172.9
119.7
179.0
149.0
118.6
163.5
166.9
'128.6
137 7
138. 2
107.8
322.6
.148
389.6
.156
425. 8
.159
433.5
.170
463. 4
. 180
' 447. G
.184
432.6
p. 194
60.5
70.0
2.98
63.2
108.0
2.88
53.6
99.7
2.76
36.3
103.8
2.82
46. 5
100.3
2.87
42.9
99.0
3.02
43.9
100.1
3.07
50.8
81.9
3.09
21.7
34.7
43.0
31.3
45.0
31.7
38.6
25.8
26.1
25.5
33.3
26.4
30.8
27.3
31.4
32.6
36.4
35.2
74.6
.129
61.2
.132
71.0
.126
80.6
.124
92.9
.123
96.9
.125
104.3
.126
106.7
.130
105.1
.131
103.2
P. 131
941.3
1,016.3
962.0
597. 0
806.2 '1,069.1 '1,111.7 '1, 143. 2 1.149.8
494.7 >-3, 009. 9 '3, 807. 1 '3, 470. 3 3. 298. 5
1,036.6
3, 255. 7
1,043.9
2, 920. 3
988.9
2, 607. 4
1, 783. 2
260. 0
1. 593. 0
327. 2
1,603. 4
356. 8
1, 517. 8
432.6
418.7
326. 0
310.9
377.6
298. 5
280.8
381.1
'319 5
' 296. 1
362. 9
291.2
261.8
517.4
.153
537. 2
.164
' 624. 7
. 173
680.4
p. 174
22, 423
14. 162
24, 674
15,061
4,670
28, 740
13,231
25, 110
14, 048
14,456
5.417
6.089
2.949
13, 053
4,972
5,680
2,401
15, 916
5. 593
7,290
3, 034
14, 076
5, 080
6, 406
2.590
3,083
2,854
37, 447
38, 916
475. 244 '441, 395
3. 642
42, 354
522, 834
3. 173
37, 151
482, 262
' 352 2 ' 345. 7
612.9
2, 404. 6
r
1,513.6
269. 8
1,443.2
225.4
1,441.6
251.0
1,484.0
182.0
1,239.6
158. 6
365.9
280.9
275.2
348. 6
303. 7
303.6
350. 0
238. 5
245.5
358.5
306.7
303.0
298.4
264. 3
265.4
^391.3
271.8
275.3
564. 5
.125
422.6
.128
450. 5
.131
311.8
.138
307.5
.129
366. 3
.133
23, 437
13. 007
4,339
29, 574
14, 783
20, 560
11,325
37, 771
14, 646
4,476
82, 922
13, 335
81, 103
14, 341
84, 587
12, 340
4 784
44, 574
12, 597
15,745
5,811
6,494
3, 440
16, 178
6, 103
6, 592
3, 483
11,790
4,994
4,881
1,914
15, 796
5, 895
6, 722
3,179
15,113
5, 399
6,874
2,840
14,910
5, 319
6, 709
2,882
14, 642
5, 681
6, 107
2,853
12,380
4,824
4,800
2, 756
3,177
41,355
623, 796
3,667
43, 643
571, 929
2,592
35, 667
503, 935
2, 954
44, 622
623, 983
3,221
40, 899
581,540
3, 491
39, 836
577, 031
3,206
40, 320
671, 450
2,997
33, 793
364, 660
15.156
1,813
15, 543
1,805
11,906
1,622
15, 887
1,449
14, 501
1,706
14, 543
1,939
14,504
1,989
12,372
1,967
13. 991
1,733
12, 626
1,606
15, 554
1,921
13, 660
1,886
l, 642. 0 '1,715.8 '1, 767. 4
' 185. 6 r 225. 0
' 204. 6
' 404. 5 ' 414. 2
279 5
295.1
283.6
263.5
446.0
. 144
466. 4
.143
rl
3.14
1 944
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value total 9
thous. of dol
Calf and kip skins
_ __ _ thous. of skins _
Cattle hides
thous of hides. Imports:
Value tota1 9
thous of dol
Sheep and lamb skins
_
_ _ thous. of pleces_
Goat and kid skins
do
Prices, wholesale (f.o.b. shipping point):
Calfskins packer heavv 9^/15 Ib
_ _ dol. per lbHldes steer heavy native over 53 Ib
do
4,997
184
374
6,043
161
490
5,223
121
459
6,088
134
557
6,284
158
58(i
5,042
142
514
6.962
248
646
8, 793
183
921
7,106
253
692
7.849
233
740
6, 496
279
605
9,288
390
837
6 456
256
523
7,945
3,095
2,291
7,973
3, 549
1,978
8,029
3,822
2,189
5,947
2, 160
1,413
4, 926
916
1,551
4,173
1,573
1,306
4, 955
1, 665
1.288
3,856
1,088
1,278
3,936
980
1,126
4, 423
1. 775
1.246
3,407
804
849
7,304
5,127
1,338
5 860
3,384
1.171
.565
.148
.580
.133
.580
.143
.525
. 148
.525
.138
.550
.138
.550
.133
.575
.128
. 575
.118
. 625
. 143
P. 625
v 143
. 565
.143
. 575
. 113
LEATHER
Production:
492
476
536
332
589
630
532
617
593
562
528
Calf and whole kip. _ _ _
thous. of skins. .
561
496
1, 743
1,946
1,496
1.803
1,947
1,911
1,900
1,934
1,815
' 1. 820 ' 1,789 ' 1, 976
Cattle hide and side kip© thous. of hides and kips
1 870
' 1, 715 ' 1. 654 ' 1 . 744 ' 1, 292 ' 1, 449 ' 1.410 ' 1,371
' 1. 338 ' 1, 183
1 175
1 , 344
1 264
Goat and kid©
thous of skins
1 071
' 2. 349 ' 2, 687 '2,671 ' 1. 850 ' 2, 838 ' 2. 493 '• 2, 502
r 2, 843 ' 2, 367
2.354
2 473
2, 567
Sheep and lamb©
do
2,442
Exports:
2.829
2, 528
3, 067
4,277
2, 451
2. 80(5
2. 725
3,898
4,403
3, 738
4 993
6 892
Glove and garment leather
thous. of sq. ft
5 InS
2,390
3,291
2,987
3, 798
4,149
2, 952
3,960
4.168
3,875
4,274
4, 351
5,611
Upper and lining leather
_ . .
do_ _
4 292
Prices, wholesale:
.720
.700
.730
.717
.683
.687
.680
.663
.673
.677
Sole, bends, light, f.o.b. tannerv
dol. per lh__
.673
.683
P. 690
Upper, chrome calf ,B and C grades, f.o.b. tannery
1.327
1.333
1.317
1.303
1.313
1.333
1.303
1.313
dol. per sq. ft_.
1.353
1, 387
1.373
»• 1. 400 r> 1. 416
r
Revised.
p Preliminary.
1 Revised estimate of I960 crop.
{Revisions for 1958 appear in Census report, "Fats and Oils, 1958" (Series M28-1-08); scattered revisions for January-March 1960 will be shown later, d"Production of refined oils covers
only once-refined oils (alkali refined).
*New series; data prior to August 1958 are available from report? of the compiling agency (Bureau of the Census).
9 Includes data for items not shown separately.
©Revisions for January-March 1959, and January-March 1960 (also for 1958 for sheep and larnb) will be shown later.
SUKVEY OF CUEEENT BUSINESS
June 1001
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-31
1960
April
May
June
July
1961
DecemOctober NovemAugust September
ber
ber
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
Muses' and children's
do
Infants' and babies'
do _.
Slippers for housewear
do
Athletic
do
Other footwear
- - do
Exports
__
do
Prices, wholesale, f.o.b. factory:
Men's and boys' oxfords, dress, elk or side upper,
Goodyear welt
1947-49= 100. _
Women's oxfords, elk" side upper, Goodyear welt
1947-49=100..
Women's pumps, low-medium quality ._ _.do
48, 756
48, 595
49, 902
43, 413
58, 108
48, 776
47, 452
45, 666
42, 901
50. 659
50, 305
57, 561
47, 021
42, 820
42, 320
42, 934
37, 841
49, 260
40, 603
38, 532
36, 955
38, 251
46, 809
46, 241
51, 597
41, 244
8, 660
1,918
24, 069
5, 226
2,947
8,914
2,010
22, 799
5,602
2, 995
9,039
2,112
23, 172
5,733
2,878
6,977
2 145
21,135
5 440
2, 144
9,437
2 408
26, 902
7 303
3 210
8, 521
2 026
21, 069
6 055
2,932
8,433
1 907
19, 6667
5 54
2 979
7,952
1 683
18, 870
5 407
3 043
8,026
1,838
19, 848
5 544
2,995
8, 345
2 105
26,193
6 856
3 310
8, 465
1 993
25 730
6 762
3 291
9
2
29
6
3
800
120
677
542
458
8,702
1 842
23, 140
4 776
2,784
5,100
542
294
235
5, 355
589
331
174
5,802
649
517
147
4,832
368
372
155
7,809
518
521
245
7,189
506
478
217
7 916
540
464
241
7,706
528
477
210
3,681
476
493
134
3 115
439
296
129
3 328
432
304
191
4 915
573
476
252
4, 795
524
458
179
135.7
133.5
133.5
133.5
133 5
133.5
133 5
133 5
133 5
133 5
133 5
133 5
p 133 5
146.7
133.7
146.7
133. 7
146.7
133.7
146. 7
133.7
146. 7
133.7
146.7
133.7
146. 7
133.7
146.7
133.7
146.7
133. 7
146.7
134 8
146. 7
134 8
146 7
134 4
v 146.7
v 134 4
r
LUMBER AND MANUFACTURES
LUMBER— ALL TYPES!
National Ivumber Manufacturers Association:
Production, total
mil. bd. ft_.
Hardwoods
do
Softwoods
_. _ do
Shipments, total. _
__
.do
Softwoods
Stocks (gross), mill, end of month, total
Hardwoods
_
Softwoods
Exports, total sawmill products.
Im ports, total sawmill products .
SOFTWOODS!
Douglas fir: 7
Orders new
Orders, unfilled, end of month
Production. ...
_
Shipments
Stocks (gross), mill, end of month
do
3, 059
528
2,531
3,063
550
2, 513
3,207
545
2, 662
3. 203
542
2, 661
3, 196
557
2, 639
3,110
514
2,596
2,701
540
2, 161
2, 617
473
2,144
3.209
531
2,678
3,069
495
2,574
3,003
510
2,493
2,897
473
2,424
2, 796
550
2, 246
2, 695
496
2,199
2,544
508
2, 036
2, 461
466
1.995
2,247
432
1,815
2,337
423
1,914
2,263
400
1,863
2,271
410
1,861
2,302
421
1,881
2, 258
428
1,830
2, 696
404
2,292
2, 856
452
2,404
2,567
330
2,237
2,758
384
2,374
do
_ do
do
9,974
3, 630
6,344
9,978
3,633
6,345
10, 064
3, 676
6, 388
9,911
3, 743
6,168
10, 050
3, 779
6,271
10, 157
3,816
6,341
10, 258
3,870
6,388
10,341
3,912
6,429
10, 250
3,921
6,329
10, 243
3,911
6,332
10, 286
3, 904
6,382
10,126
3, 856
6, 270
9.934
3,802
6, 132
M bd. f t _ _ 89, 174
305, 895
do
83, 843
377, 874
83, 094
416, 092
68, 899
367, 136
63, 912
370, 988
74, 185
345, 196
69, 322
331, 708
61.855
312, 168
69. 354
257, 600
49, 888
256, 238
53, 402
261,562
62, 080
340, 258
56, 483
335, 434
r
mil bd ft
do
do. ._
do
_. _ do
698
635
744
722
1, 260
698
527
753
805
1,208
711
483
702
756
1,154
643
515
574
611
1,117
732
486
772
760
1,128
659
440
706
705
1,130
615
426
623
629
1,124
618
436
598
008
1,114
576
412
553
600
1,066
548
422
604
538
1,133
539
445
567
516
1,184
863
586
694
722
1, 156
626
529
644
684
1,115
Exports, total sawmill products
M bd. ft__
Sawed timber
do
Boards, planks, scantlings, etc
do
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
dol. per M bd. ft..
Flooring, C and better, F. G., 1" x 4", R. L.
dol. per M bd. ft..
Southern pine:
Orders, new
mil. bd. 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, (indexes) :t
Boards, No. 2 and better, 1" x 6", R. L.
1947-49=100..
Flooring, B and better, F. G., 1" x 4", S. L.
194 7-49= 100. _
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, 1" x 12",
R. L. (6' and over)§
dol. per M bd ft
36, 531
19, 628
16, 903
43, 673
28, 005
15, 668
37, 889
18, 376
19, 513
31,587
18, 724
12, 863
24, 576
11, 847
12, 729
33, 460
13, 709
19, 751
29, 135
12, 880
16, 255
25,912
11,778
14, 134
28, 408
16, 425
11, 983
24, 422
12,215
12, 207
21.403
8, 305
13, 098
28, 554
11, 286
17, 268
21, 467
7,797
13, 670
83. 193
82. 503
80. 405
80. 757
80. 235
80. 057
79. 046
78. 369
78. 810
77. 678
76. 984
132.563 131. 717
130. 919
131. 186
129.819
129. 734
128. 679
128. 246
127. 400
127. 400
126. 955
502
203
534
507
559
198
561
564
545
174
566
569
535
167
564
542
493
162
544
498
459
165
458
456
493
196
464
462
451
209
441
438
680
278
564
611
550
290
522
538
1
' 78. 231P 80. 836
r
125. 641 P125. 968
594
216
596
579
588
221
620
583
593
208
650
606
1,991
10, 069
1,678
8,391
2,028
8, 055
2,777
5,278
2,072
9,123
2,136
6,987
2,099
1 1 , 003
3, 643
7, 360
2,096
8, 545
2,810
5,735
2, 093
6, 426
1,273
5, 153
2, 115
7,042
2,375
4,667
2,161
6,136
903
5, 233
2,163
5,833
1,521
4,312
2,165
4,725
686
4,039
2, 168
5, 081
1.186
3, 895
2,121
5,242
783
4,459
2, 105
5,065
833
4,232
117.5
116.3
114.8
113.2
111.4
110.3
108.9
107.2
107.1
105.7
103.9
105.2
p 106. 7
95.4
95.1
94.9
94.1
93.9
93.6
93.6
93.4
93.4
92.7
92.5
92.5
P92. 4
741
367
758
765
2,082
818
370
841
815
2,108
736
339
829
767
2,170
703
378
691
664
1,960
771
364
871
785
2, 046
710
348
782
726
2,102
644
322
684
670
2,116
546
308
563
560
2,119
607
332
542
583
2,078
572
342
494
562
2,010
543
321
554
564
2, 000
835
489
644
668
1, 976
717
455
689
751
1,914
79. 720
79. 990
78. 620
75. 950
72.280
69. 650
69. 560
68. 750
70. 160
70. 220
69. 720
p 69. 908
3.150
12, 350
2,925
2,725
11, 125
3,300
12, 325
3, 000
3, 300
11,050
4,075
12, 050
3,200
4,250
10,000
3, 925
12,550
2,175
3, 000
9, 275
3, 650
12, 050
3. 350
4, 100
8. 525
2. 550
1 1 , 200
3, 225
3. 400
8, 300
2,500
10, 200
3,000
3. 050
8, 250
2,950
10, 475
3,125
2, 700
8, 650
2, 925
10, 550
2, 800
2, 625
8, 850
2, 950
10, 950
2, 900
2, 500
9,300
3, 050
11,400
2. 600
2, 675
9. 275
3, 400
11.4.50
3. 050
3, 050
9, 275
3, 750
12, 520
2,800
2, 700
9,300
69, 689
47, 370
74, 689
73, 007
96, 183
64, 087
38, 935
77, 655
72 522
101,' 316
72, 107
34, 901
76, 499
79, 498
98. 317
64,029
35, 952
04,001
63, 796
96, 267
81, 136
38, 170
78, 298
78,917
93, 902
72.240
34, 858
76. 248
75. 726
92, 3P7
65, 882
32, 517
74. 340
70, 894
94, 590
59, 585
29,014
69, 970
65, 148
99, 172
53, 501
26, 382
62, 376
54, 772
106, 776
57, 261
27, 891
62, 740
56, 850
112.666
54, 2S1
30, 339
56. 559
53, 475
114. 790
83, 202
43, 547
66, 583
70, 303
110, 287
68, 543
47, 326
60, 738
68, 538
100, 352
69. 670
r
HARDWOOD FLOORING AND PLYWOOD
Flooring:
Maple, beech, and birch:
Orders, new
_M bd. f t _ .
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks (gross), mill, end of month .
do
Oak:
Orders, new
do
Orders, unfilled, end of month
... . do
Production
do
Shipments
do
Stocks (gross), mill, end of month
do
Plywood (except container and packaging), qtrly. total:
Shipments (market)
M sq. ft., surface measure. .
216, 066
207, 993
192, 516
' Revised.
» Preliminary.
* Not entirely comparable with data prior to month noted.
f Revisions will be shown Inter as follows: Shoes and slippers, reduction 0958-Sent ember
1959); lumber—production, shipments, stocks, and orders (1957-February 1960); exports and imports (1959). {Effective with the July 1960 SURVEY, price indexes replace actual prices;
data for January 1947-April I960 will be shown later. §Xot comparable with data through 1958 which cover a different specification.
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
June
1960
April
May
June
July
1961
August
Septem- October Novem- December
ber
ber
January
Febru-
March
ary
April
May
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excluding advanced manufactures and ferroalloys) :
Exports, totalt9t
thous. of short tons..
Pteel mill products* J
do
Scrapt
do. __
Imports totalf9t
Steel mill products*J
Scrap
do
do
do
757
235
513
1,003
318
675
1,012
383
621
741
331
401
1. 194
328
860
907
228
655
953
231
683
1, 009
234
733
771
162
571
770
132
584
948
147
777
969
168
780
888
138
683
394
331
19
322
304
213
17
242
177
18
253
184
15
299
207
15
268
180
12
239
199
11
231
189
17
179
145
19
177
152
14
249
211
20
274
235
*}'2
6,270
3,825
2,445
6,279
5,847
3,523
2,324
5,181
3,181
1 999
4, 994
9,661
4. 1 50
2, 555
1,595
4,120
4, 650
2, 852
1, 798
4,536
4, 896
4, 370
2, 645
1, 725
4,413
9, 472
3. 959
2. 408
1, 551
4,187
9, 252
4, 164
4,114
2. 505
1,608
- 4, 999
2,914
- 2. 0X6
8, 591
- 8, 613
3. 672
1,142
1 . 527
3, 322
1,099
1,634
3, 268
1,137
1, 662
3.618
1.408
1,226
"I~227~
2. 897
6. 953
77
2, 756
7, 1 1 3
134
6.878
55, 831
fi, 609
51,474
~14
Iron and Steel Scrap
Production and receipts, total
thous. of short tons..
ITome scrap produced
do
Purchased scrap received (net)
do
Consumption total
do
Stocks consumers' end of month
do
9, 270
5, 642
9, 475
9,700
4,724
9, 629
2, 736
1,800
4, 646
9,514
2,829
2, Ofi6
4, 901
9, 513
2,523
1,642
4, 546
8,876
4,397
4,983
P
P
P
P
P
5, 071
2 936
2, 136
5, 227
8, 465
Ore
Iron ore (operations in all U.S. districts):
Mine production
thous. of long tons_.
Shipments from mines
do
Tmportst
do
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
Consumption at iron and steel plants
FxportsJ
Stocks, total, end of month
At mines
At furnace vards
At U S docks
do
do
do
do
do
do
do
Manganese (manganese content), general imports t
thous. of long tons..
7,440
6,873
11,873
11,645
10, 442
2, 338
13, 349
3,714
12, 816
4,215
12,723
3,742
8,084
10,433
15, 926
9, 740
15,705
'15,087
64,213
- 32, 667
4, 699
56. 870
13. 615
38, 830
4, 425
16, 293
8, 060
824
87
11,034
11,176
8, 789
9, 252
3, 070
6.423
7,426
3, 959
4. 293
2, 593
2,011
13,894
11,049
9, 906
3,783
6, 729
1.162
78, 947
10, 045
62, 953
5. 949
6 356
849
83, 710
9, 581
67. 645
6. 484
466
86, 252
8, 579
70, 857
6, 816
5, 867
6, 362
126
85, 860
8, 755
70, 362
6, 743
2, 660
5, 895
89
85. 237
2. 602
6.218
92
84, 730
2. 448
6, 060
51
83, 235
12, 446
47, 097
4, 670
7,014
7*8
71 , 394
10, 176
55. 787
5,431
59. 887
6, 839
63. 500
6, 888
66
154
103
100
109
85
89
94
81
93
78
36
6, 760
G, 556
6, 331
6, 123
5,2(1]
4, 480
4. 405
4, 470
4,616
4,108
4, 274
4,473
4, 500
4,138
4,116
3.811
3, 838
4.039
5, 255
4,124
3. 937
4, 046
\, 51 4
4, 627
4, 6SO
P 4. 83*
3, 209
3, 537
3. 644
3, 758
3. 696
3,617
3, 659
3,710
3, 770
3, 685
3,611
- 3, 559
p 3, 405
65. 95
66. 00
66. 50
65. 95
65. 95
60.00
65. 95
66. 00
66. 50
65. 95
66. 00
66. 50
65. 95
60. 00
66. 50
65. 95
66. 00
66. 50
65. 95
66. 00
66. 50
66.00
66.50
65. 95
66. 00
66. 50
65. 95
p 66. 00
P 66. 50
65. 95
66. 50
65. 95
66. 00
66. 50
65. 95
66.00
66.50
Of). 95
66. 00
66. 50
836
1,052
581
782
1,053
589
720
1,050
602
755
803
451
713
859
540
695
900
527
647
905
500
569
836
455
553
749
395
600
760
406
621
702
378
652
856
497
79
71
39
73
69
38
64
73
43
74
50
29
70
59
37
69
63
36
57
64
35
56
63
35
57
32
52
58
34
48
51
30
45
58
34
9,778
8,830
107.0
7, 405
92. 7
6. 351
77.0
6, 838
82.9
6, 458
80. 9
6, 868
83.3
6, 172
77.3
5, 840
70. 8
6.416
77.8
6, 239
83.7
7,086
122. 5
7, 585
95.0
p 8, 978
M08. 8
127
97
127
97
137
107
90
67
102
104
80
103
80
100
78
108
87
96
77
93
72
107
83
325. 0
116.7
89.7
311.2
110.3
85. 2
293. 9
110.1
82.0
293. 4
79.2
58.2
299. 0
88.3
63. 1
301.7
93.9
69.6
277 2
264.8
268. 2
89.6
64.0
265.6
95.1
69.5
263. 4
89.1
64.4
- 262. 0
-96.3
- 70. 4
109
- 52, 453
6,694
11,282
67,116
14,342
16.470
83,114
18,674
6, 386
Pig Iron and Iron Manufactures
Pig iron:
Production (excl. blast furnace prod, of ferroalloys)
thous. of short tons..
Consumption
do
Stocks (consumers' and suppliers'), end" of month
thous. of short tons..
Prices:
Composite
_
dol. per long ton. .
Basic (furnace)
do
Foundrv Wo 2 Northern
do
Castings, grav iron: O
Orders, unfilled, for sale, end of month
thous. of short tons..
Shipments total
do
Castings, malleable iron:
Orders, unfilled, for sale, end of month
thous. of short tons..
Shipments total
do
For sale
do
Steel, Crude and Semimanufactures
Steel ingots and steel for castings:
Production
_
thous. of short tons
Index
. . _.
. 1957-59=100
Steel castings:
Shipments, total
thous. of short tons__
"For sale total
do
Steel forcing's (for sale):
Orders unfilled end of month
do
Shipments total
do
Drop and upset
do
Prices:
Composite, finished steel (carbon)
dol. perlb..
Steel billets, rerolling, carbon, f.o.b. mill
dol. per short ton__
Structural shapes (carbon), f.o.b. mill dol. per l b _ _
Steel scrap, No. 1 heavy melting:
Composite (5 markets) §
dol per long ton
Pittsburgh district
.. do
97^2
73.2
92.6
66.8
85.9
256. 0
95. 6
70.0
.0698
. 0698
. OG98
. 0698
. 009S
. 0698
. 0698
.0698
. 0698
. 0698
. 0698
.0698
. 0698
95. 00
. 061 7
95. 00
.0617
95. 00
.0617
95. 00
.0617
95. 00
.0617
95. 00
.0617
95. 00
.0617
95.00
.0617
95. 00
. 0617
95. 00
.0617
95.00
.0617
95. 00
.0617
P 95. 00
p. 061 7
33.88
35.00
32. 97
33. 50
31.12
31.00
31.28
31.87
30. 50
29. 52
28.50
28.33
27.00
28. 66
30.50
32. 20
30. 50
27.00
31.54
30. 00
33.04
32.00
- 36. 35
35. 00
" 38. 76
p 37. 00
1,798
1,714
1,715
1,893
1,702
1,986
1,681
1,762
1,619
1,892
1,607
1,847
1.378
1,715
1,295
1,711
1,234
1,604
1.438
1.639
1,529
1,634
1,588
1.937
i T 364
i -210
409
232
345
1,603
29, 926
-426
-232
363
1,627
32, 199
- 455
'277
399
1,377
25, 507
-603
-411
- 536
1,706
24, 952
'555
-392
484
1,570
23, 609
'419
-274
358
1,492
20, 486
-319
r
189
272
1,407
15, 419
346
' 196
'298
1,224
15, 550
-289
- 171
237
.0698
Steel, Manufactured Products
Barrels and drums, steel, heavy types (for sale):
Orders, unfilled, end of month
thousands..
Shipments
do
Cans, metal, shipments (in terms of steel consumed),
total for sale and own use.. .thous. of short tons..
Food©
.
-_ do. _.
Shipments for sale
do
Closures (for glass containers), production
millions..
Crowns, production _
thousand gross.
»300
1,504
23, 542
' 292
- 171
-239
374
217
312
371
218
304
Steel products, net shipments:
5, 133
4,638
5,047
4,251
4,116
4,944
4, 516
4. 983
5, 072
6, 272
4,711
5,921
6,742
Total (all grades)
thous. of short tons__
195
166
179
171
171
183
176
184
180
174
219
188
239
Semifinished products
_
_
do _
384
377
321
308
320
367
324
397
321
348
457
447
517
Structural shapes (heavy) ^teel piling
do
478
458
378
395
378
388
405
373
354
370
529
484
624
Plates
do
83
83
64
46
58
58
51
50
91 1
76
153
133
148
Rails and accessories.
_ do
' Revised.
*> Preliminary.
1 Revisions for February-March 1960 (thous. tons): Total shipments, 289; 331; food, 172; 185; shipments for sale, 238; 274.
tRevised (beginning in the* February 1960 SURVEY) to include certain metal manufactures classified by the industry as steei mill products but formerly omitted from the total shown 1
see note marked "*".
9 Includes data not shown separately.
*New series (from Bureau of the. Census). Data beginning January 1959 revised (in the April 1960 SURVEY) to include exports of secondary tinplate. Revisions for 1958 for total and
mill products exports and imports are shown in the March 1960 SURVEY (bottom p. S-32).
O Revisions for 1958-59 are available upon request.
t Scattered revisions for 1957-59 are available upon request.
§ Represents the weighted average of consumers' buying prices (including brokerage), delivered, at following markets: Pittsburgh district, Chicago, Philadelphia, Birmingham,
San Francisco.
©Excludes shipments of food cans of the pressure-packing type; such types are included in total shipments.
June 10(51
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
SUKVEY OF CURRENT BUSINESS
S-33
1961
1960
April
May
June
July
August
Septem- October Novem- December
ber
ber
January
February
March
April
May
METALS AND MANUFACTURES—Continued
IRON AND STEEL—Continued
Steel, Manufactured Products—Continued
Steel products, net shipments—Continued
993
803
623
Bars and tool steel, total
thous. of short tons..
861
772
806
800
758
621
627
768
730
679
362
541
479
487
470
453
471
436
402
Bars: Hot rolled (incl. light shapes)
do
465
392
464
210
183
229
192
237
141
162
223
189
141
Reinforcing;
do
208
176
148
143
106
74
84
91
120
91
88
86
Cold finished
do
75
77
88
85
610
576
515
483
544
586
559
566
432
489
543
425
Pipe and tubing
do
407
247
266
215
195
224
246
243
251
182
197
244
190
Wire and wire products
do
204
5.59
654
581
524
555
363 ' 308
528
577
466
567
425
288
Tin mill products
do
2, 806
2, 654
2,422
1,964
2.039
1,856
1,825
1, 889
1. 695
2,075
:,790
1,599
Sheets and strip (incl. electrical), total
do
1,845
796
722
579
440
506
581
491
520
454
585
485
Sheets: Hot rolled
do
450
500
1.379
885
994
1,004
1,319
847
866
872
Cold rolled
do
977
1,026
743
1,357
906
Fabricated structural steel: 9
386
309
302
296
Orders, new (net)
_thous. of short tons__
293
291
308
257
302
300
246
249
269
319
323
374
373
364
292
262
Shipments
do__
339
353
260
320
277
325
' 2, 713' 2,528 ' 2,507 r 2,490 ' 2,389 ' 2.326 r 2,291 r 2,278 ' 2,333
Backlog, end of month
do__
2,392
2,378
NONFERROUS METALS AND PRODUCTS
Aluminum:
168. 6
177.6
175. 9
171. 4
173.0
165. 5
Production, primary, domestic.thous. of short tons_.
162.9
167.0
152.0
138.6
144.6
161. 2
161. 4
36.0
31.0
33.0
32.0
29.0
31.0
25.0
33.0
Estimated recovery from scrapA
do..
28.0
29.0
29.0
Imports (general):
15. 2
12.4
7.6
11.1
12.9
14.4
16.1
15.5
10.5
10.8
Metal and alloys, crudet
-do
14.4
11.3
3.4
3.3
3.3
2.0
2.6
3.2
4.7
3.0
3.4
2.7
3.3
Plates, sheets, etc.t
do
2.7
Stocks, primary (at reduction plants), end of month
139.1
170.0
203.6
248.4
148. 6
211.7
225.9
259. 5
291.4
287.4 ' 277. 9 266. 4
thous. of short tons_.
257.1
. 2810 i.2600
. 2600
.2810
. 2810
.2810
.2600
.2600
!. 2(iOO
.2600
.2600
Price, primary ingot, 99.5%-f-O
dol. per l b _ _
. 2600
.2600
.2600
Aluminum shipments:
412.4
355. 5
369. 8
395. 6
422. 5
358. 8
361. 2
378. 5
Mill products and pig and ingot (net)J
mil. of lb__ 366. 8
341. 6 ' 349. 3 '396.6
369. 7
247.6
278.4
246. 4
268.9
271.4
253.1
261.4
253.2
226. 4
241.3 ' 232. 5 ' 281. 3
Mill products, total
do
236.9
133.6
143.0
150.4
128.4
143.2
139.7
134.0
147.7
121.6
131.9 ' 124. 6 '151.3
Plate and sheet
do..
127.8
62.3
60.1
61.8
62.1
57.1
60.3
45.7
63.8
58.8
63.6
60.8
Castings?.
do_.
63.4
Copper:
Production:
97.7
98.4
86.3
97.5
100. 5
99.1
88.3 r 100.4
90.9
92.8
Mine, recoverable copper
thous. of short tons..
97.3
98.2
144.9
140. 9
142.7
124.7
128.2
127.4
140.1
135. 6
139.4
133.3
120.0
128. 7
Refinery, primary
do..
131.9
109.0
108.1
93.4
107.3
88.3
107.9
101.6
89.3
86.0
102. 3
97.3
101.0
From domestic ores
do_.
99.6
35.9
34.5
36.4
38.4
34.8
32.7
33.0
38.3
38.1
34.0
26.4
31.7
From foreign ores
do
32.3
22.2
21.5
24.8
23.4
23.0
25.6
18.7
21.8
24.6
21.3
24.7
24.2
Secondary, recovered as refined
do.
20.5
Imports (general):
44.0
52.6
34.7
55.2
36. 6
'28.2
29.7
48.3
36.3
32.3
33.1
Refined, unrefined, scrap©J
do_,
26.7
10.1
7.5
6.8
9.0
7.7
6.6
6.2
7.1
4.4
'5.1
7.1
Refined
_do.
Exports:
46.2
77.4
64.2
57.8
64.5
78.4
60.5
54.7
63.5
66.1
62.0
51.9
Refined, scrap, brass and bronze ingots
do
47.2
31.3
38.8
45. 0
37.2
47.0
60.7
58.7
44.8
50.8
42.9
49.7
36. 4
Refined
do..
30. 5
r
114.6
121.2
125. 8
71.7
120.8
99.9 r 100.0 'r 122. 3 P 120.9
116.4
114.0
108.8
Consumption, refined (by mills, etc.)
_do_.
108.9
213. 1 p 194. 4
155. 4
174.1
196.8
198.0
206. 4
228.0
157.1
187. 6
228.8 r 230. 0
219.0
Stocks, refined, end of month, total
do
103.5
100. 7
94.5
99.2
117.2
110.2
112.8 .
96. 8
'92.9 P 100.8
99.8
100. 2
100.4
Fabricators'
do
.3260
.2860
.3260
. 3260
.3260 I . 3060
.2860
. 3260
. 3260
.2960
.2906
. 2998
Price, bars, electrolytic (N.Y.)
dol. perlb._
.2960
. 28I>0
Copper-base mill and foundry products, shipments
(quarterly):
'447
482
446
458
Brass mill products
mil. of lb.
361
378
393
364
Copper wire mill products®
do...
r
225
195
198
196
Brass and bronze foundry products
do._.
Lead:
Production:
23.6
18.2
20.5
20.0
20.2
'24.6
16.6
18.6
20.8
19.2
23.2
Mine, recoverable lead
thous. of short tons-22.1
18.0
41.0
33.5
37.8
38.1
35.2
38.8
36.3
41.3
41.0
36.9
41.0
38 7
Secondary, estimated recoverable©t—
do
28.1
33.4
22.8
26.4
30.0
26.6
35.7
25.8
26.8
37. 5
24.9
Imports (general), ore©, metal J
do
35.5 I
26.1
87.5
83.4
76.8
83.4
79.7
90.9
86.0
77.2
90.8
83.7
Consumption, total
_do_.
86.9
83.3
Stocks, end of month:
Producers', ore, base bullion, and in process©
143.8
139.9
140.5
129.5
156.0
145.1
133.0
144.5
137.9
115.0
146.9
(ABMS)
thous. of short tons..
Refiners' (primary), refined and antimonial©
128.1
134.1
116. 5
139.5
121.3
136. 5
183.0
158.2
187.0
136.7
169.2
thous. of short tons__
151.9
120.1
127.3
125. 8
11.0.5
91.8
128.2
128.4
94.4
94.8
118.1
94.5
107. 7
Consumers'd"
do_.
42.8
39.8
43.6
41.0
41.6
41.0
44.0
42.8
45.6
38.1
43.7
42.2
Scrap (lead-base, purchased), all consumers._do
.1200
. 1200
.1200
.1200
.1200
.1100
.1200
.1138
.1100
.1100
.1200
. 1100
Price, pig, desilverized (N.Y.)--dol. perlb_. .1200
Tin:
Imports (for consumption):
766
1,801
1,267
1.001
1,188
1, 555
802
319
1,160
929
512
Ore©t
long tons_.
1,226
1,373
3,575
3,155
4,175
3,262
1,998
2, 261
2,149
3,780
2,058
2,872
3,108
2, 523
Bars, pigs, etct
_do_.
1, 785
1,805
1,830
1,960
1,500
1, 800
1, 750
1, 955
2, 020
Estimated recovery from scrap, total©
do_.
1,815
1,725
1, 750
1,860
230
220
245
270
240
290
230
230
275
225
As metal
_do_.
225
265
7,410
7,705
5, 505
7,685
6, 520
6,995
5,600
6,030
6,490
5, 475
5,965
4,915
Consumption, pig, total
do_.
4,960
5, 310
5, 220
3,290
4,655
4, 635
3, 760
2, 845
3, 680
3, 570
3,990
3, 035
Primary
do_.
2
19
103
19
28
39
22
125
17
305
58
79
Exports, incl. reexports (metal)
do
120
22, 445
21, 930 20, 775 20, 650 20, 370 22,145
23,935
22, 610
20, 645
22, 910
24, 798
22, 790
Stocks, pig (industrial), end of month
do
. 9954 1. 0131
1. 0349
1. 0285
1. 0223
1.0038
1.0098
1.0328
1.0114
1. 0282
1. 0340
Price, pig, Straits (N.Y.), prompt
dol. perlb., .9924
1.1003
1.0708
Zinc:
Mine production, recoverable zinc
41.4
40.9
39.3
27. fl
37.1
30.5
34.0
35.2
thous. of short tons..
'43.2
40.3
39.0
Imports (general):
39.2
49.2
Ores and concentrates©J
do .
30.4
32.8
40.6
40.7
35.7
35.5
30.0
29.7
27.1
39.4
7.4
Metal (slab, blocks)*
do
6.8
15.5
7.9
3.7
8.1
17.3
12.2
7.6
11.2
6.2
16.5
Consumption (recoverable zinc content):
8.2
6.2
Ores©
.do
7.2
6.6
5.3
8.1
7.4
5.9
18.2
16.1
17.7
18.7
Scrap, all types
do
'15.6
15.0
18.5
17.3
Slab zinc:
Production (primary smelter), from domestic and
79.3
foreign ores
thous. of short tons..
59.5
74.7
56.1
58.7
72.8
70.0
56.9
69.4
66.3
74.0
73.6
3.9
3.9
Secondary (redistilled) production, total
do
4.5
3.7
4.4
4.3
3.9
3.5
3.4
3.9
4.0
4.4
71.2
Consumption, fabricators', total.__
do_
73.9
70.5
55. 2
67.8
67.0
68.5
63.8
62.2
62.7
60.6
64.3
ExportsJ
_
do.,
4.7
4.2
7.1
2.4
7.6
4.8
9.1
14.2
9.2
7.8
6.1
6.4
Stocks, end of month:
147.9
165. 0
187.7
Producers', smelter (AZI).
_do
207.1
200.6
192.5
190.3
182.1
190.8
206.4
215.0
222.9 r 219. 0
213.1
96. 9
74.2
85.8
Consumers'
do
72.3
68.3
67.5
65. 3
66.1
62.4
69.9
' 60.0
58.9
.1300
.1300
Price, prime Western (St. Louis)
dol. perlb.. .1300
. 1300
.1300
.1300
.1300
.1300
.1248 2.1153
.1150
.1150
r
2
3
Revised.
P Preliminary.
1 See note marked " 0".
Average based on actual market days; excludes nominal prices for other days.
Revisions for January-March 1960 (thous
tons): 2,391; 2,474; 2,672.
$ Revised (effective with the May 1961 SURVEY) to conform with results from the 1958 Census of Manufactures; revisions for 1955-59 are available upon request"
© .Basic metal content.
A Effective with the February 1960 SURVEY, data include estimates for nonreporting companies and are expressed in metallic content (including alloying
constituents); aluminum content is about 93 percent of metallic content.
for 1958 are shown in the February 1960 SURVEY.
d*Consumers' and secondary smelters' stocks of lead in refinery shapes and in copper-base scrap.
JScattered revisions for 1957-59 are available upon request.
SURVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
June 1001
1960
April
May
June
July
1961
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
METALS AND MANUFACTURES—Continued
!
HEATING EQUIPMENT, EXCEPT ELECTRIC
Radiators and con vectors, cast Iron:
Shipments
mil. of sq. ft. of radiation..
Stocks end of month
do._
Oil burners:A
Shipments
thousandsStocks end of month
_
do
Stoves and ranges, domestic cooking, incl. built-ins: Acf
Shipments, total
..thousands..
Coal and wood
do
Oas (incl bungalow and combination) of
do
Kerosene gasoline and fuel oil
do
1.2
4.6
1.2
4.9
1.5
5.0
1.3
4.3
1.8
3.8
2.1
3.4
1.9
2.8
l.,5
1.0
2.8
1.0
2.9
1.2
2.9
1.0
3.3
34.6
61.6
36.6
69.1
46.9
65.8
34.9
66. 4
46.6
58.2
64.6
49.4
64.6
45.1
40.3
41.6
29.2
44.2
42.0
44. 1
' 37. 7
'44.1
34.0
48.9
164.9
3.0
156.4
5.5
152.6
3.6
144.6
4.4
174.4
3.4
166. 8
4.2
3.3
105.9
3.6
162.8
4.4
178.7
4.7
169.3
4.2
144.5
2.5
117.9
2.2
114.8
2.6
124.8
3.5
150.8
Stoves, domestic heating, shipments, totalAt — do
Coal and wood
do
Gasf
^°
110. 5
16.3
61.3
32.8
116. 5
21.0
69. 8
25.8
186.7
24.4
116.0
46.3
208. 6
25.0
142.9
40.7
253.6
36.7
167.4
49.5
246.7
44.6
150. 5
51.6
262.1
45.1
171. 6
45.4
172.3
27.7
131.1
31.4
85.6
10.1
47.3
28.2
68.3
8.0
41.2
19.2
T
70.9
'8.6
39.3
23 0
106. 3
11.9
74.2
20.2
Warm -air furnaces (forced-air and gravity air-flow),
shipments total At
-- thousands. .
Gas
do
OH
do
Solid fuel
do
Water heaters gas shipments
- - _-do___
86.8
70.2
15.6
1.0
203.2
88.5
70.5
16.7
1.3
192. 7
107.4
86.6
18.9
1.9
237.9
99.2
78.1
18.7
2.4
240.7
132.0
101.9
26.5
3.6
262.1
147.5
109.4
33.7
4.4
212.5
139.7
104.2
31.5
4.0
179.5
99.9
76.8
20.8
2.3
161.3
73.3
59. 2
13.0
1.1
174.0
76.6
61.6
14.1
.9
213.9
'78.8
80.7
63.9
15.7
1.1
241.2
'63. 1
'14.4
1.3
199.1
MACHINERY AND APPARATUS
Blowers, fans, and unit heaters, quarterly totals:
mowers H i < .,
n?
Foundry equipment (new), new orders, net
monthly average shipments, 1947-49=100..
Fnrnaces, industrial,p new orders, net:
Electric processin°
mil. of dol.
Fuel-fired (except for hot rolling steel)
do
36.0
21.7
44.7
20.3
'34.9
23.4
* 38. 6
U4.0
97.9
159. 0
164.8
80.0
92.4
158.1
81.7
106.5
101.2
123.7
81.8
99.1
115.2
1.1
6.9
1.3
3.1
1.1
1.0
1.5
1.2
1.1
4.4
1.2
1.7
1.2
3.5
.8
2.1
1.2
.4
.8
4.5
.9
1.9
1.0
2.6
.3
465
508
394
506
374
463
342
449
375
343
386
373
394
499
1,914
Industrial trucks (electric), shipments:
Hand (motorized)
.number..
Rider-type
^o
Industrial trucks and" tractors (gasoline-powered),
shipments
number..
512
484
468
496
507
523
499
502
347
370
2,118
1,968
2,087
1,523
1,624
1,867
1,569
1,655
1,628
1,318
1,595
Machine tools (metal-cutting and metal-forming):
New orders (net) total
mil. of dol
F)omestic
^o
Shipments, total
do
Domestic
- - ^o
F^tlmated backlog (metal-cutting only)
months
51.85
40.30
55. 10
45. 05
4.5
49.95
32.40
56. 35
44.75
4.3
55. 10
35.75
63.10
51.00
4.0
42.95
28. 35
51.30
41.40
39
56.85
42.50
47.90
37.70
4.1
52.30
31.85
53.95
40.25
4.3
56.20
42. 65
51.35
35.40
4.3
49. 95
34. 45
48.55
32.30
4.4
59.00
35. 60
61.35
40.95
4.3
56. 10
37. 65
45. 50
31.40
4.3
46.40
33.25
45. 65
31.40
4.5
175.4
48.1
9.3
U7.1
1 18.8
Other machinery and equipment, quarterly shipments:
Construction machinerv (selected types), total $9
mil. of dol..
Tractors' wheel (contractors' off-highway) ... do
Tractor shovel loaders, integral units only (wheel
and tracklaying types) __
mil. of dol..
Farm machines and equipment (selected types),
excluding tractors
mil. of dol..
Tractors, wheel (excl. garden and contractors' offPumps (steam, power, centrifugal, and rotary), new
orders
mil of dol
223.2
59.7
15.6
308.0
79.9
23.9
6.8
r
70. 05
'51.45
' 54. 85
' 38. 95
4.9
P47.90
p 36. 15
P 53. 05
P 38. 90
^5.0
122.0
123.6
66.2
58.8
44.4
234.4
167.1
107.0
74.3
52.0
97.3
i 43.0
i 48.3
160.3
i 53. 5
« 223. 0
6.7
8.3
6.8
1,650
2,072
2,131
2,550
2,708
2,834
2,634
2,822
2, 761
2.260
' 1,491
1,325
118. 5
127.5
127.2
122.3
102.9
96.8
123.4
64.8
144.0
89.5
129.1
91.5
119.4
87.9
114.4
106.5
109.4
99.2
128.1
124.3
148.2
116.2
128.4
123.5
245. 8
265. 6
277.0
243.9
1,277.0 21,551.5
442.2 2518.9
223. 0
217.7
890.4
268.9
301.9
280.6
352.7
296.5
1,048.4 21,945.1
462.3 2 678. 9
290.1
305.8
1,727.6
500.0
280.6
254.6
223.5
275.3
1,468.8 n,521.7
429.8 2 405. 5
242.5
228.9
1,090.1
367.9
257. 9
227.6
1,115.0
444.4
78.0
88.0
72.9
87.6
91.0
85.0
79.9
77.2
272.0
73.4
'92.5
134
23, 976
152
27, 717
101
24, 562
131
3 26, 815
142
28, 410
124
28, 707
123
23, 620
130
18, 274
118
22, 597
118
321,091
144
3 28, 487
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), shipments
thousands. . 1,545
Household electrical appliances:
Ranges (incl. built-ins), domestic and export sales
127.9
thousands.145.7
Refrigerators and home freezers, output*. .1957= 100. _
Vacuum cleaners (standard type), sales billed
278.4
thousands
235.8
Washers, sales billed (domestic and export) O..do
1,230.3
Radio sets production §
do
422.6
Television'sets (incl. combination), prod.§ _ _ do .
Electron tubes and semiconductors, factory sales
77.4
mil. of dol_.
Insulating materials and related products:
Insulating materials, sales billed, index
140
1947-49=100..
18, 808
Steel conduit (rigid) shipments
thous of ft
Motors and generators, quarterly :
New orders index
1947 49 — 100
Polyphase Induction motors, 1-200 hp:
Billings
do
Direct current motors and generators, 1-200 hp:
New orders, gross
thous. of dol_.
265.0
350.0
305. 6
209.7
21,384.1 '1.124.9 p 1,184. 8
2497.5 ' 405. 8 P 466. 2
176
158
134
152
44. 981
44, 700
39, 958
40, 489
35, 070
35, 935
37, 587
35, 466
6, 768
7,655
6,648
5,956
5,966
5,669
7,034
6,140
30,299
2
' Revised.
p Preliminary.
1 Data are for month shown.
Represents 5-weeks' production.
3 Effective with5 August 1960, February 1961, and March 1961, data are included for
4
one additional company.
Revisions for 1st quarter 1960 (mil. dol.): Blowers and fans, 38.5; farm machines, 227.3.
Excludes data for gas-fired unit heaters and duct furnaces; comparable data for 4th quarter 1960, $15,900,000.
ABeginning January 1959, industry estimates are based on revised inflating factors and are not strictly comparable with earlier data.
(^Includes data for built-in gas-fired oven-broiler units; shipments of cooking tops, not included in figures above totaled 22,100 and 29,200 units (4-burner equivalent) in February and March
1961. respectively.
t Re visions for gas heating stoves (January 1958-May 1959) and warm-air furnaces (January 1957-May 1959) are available upon request.
{Data beginning 1st quarter 1960 for construction machinery are not strictly comparable with data for earlier periods. See corresponding note in March 1961 SURVEY.
*New series (from Board of Governors of the Federal Reserve System); monthly data for 1947-1958 are available upon request.
9 Includes data not shown separately.
OData exclude sales of combination washer-dryer machines; such sales (excluding exports) totaled 8,800 units in April 1961.
(Radio production comprises home, portable battery, automobile, and clock models; television sets include combination models. Data for June, September and December 1960 and
March 1961 cover 5 weeks; all other months, 4 weeks. 0 Revisions for 1958 are in the April 1960 SURVEY.
June
SUKVEY OF CURPxENT BUSINESS
1001
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-35
1960
April
May
Juno
July
August
1961
Septem- October November
ber
December
January
February
March
April
May
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
thous of short tons
Stocks In producers' storage yards, end of mo.. do
Exports
do _
Prices:
Retail, stove, composite
_ . dol. per short ton
Wholesale chestnut, f o b car at mine
do
Bituminous:
Production
thous. of short tons.Industrial consumption and retail deliveries, total 9
thous. of short tons
Electric power utilities
do
Railroads (class I)
- do
Manufacturing and mining industries total do
Coke plants (oven and beehive)
--do
Retail deliveries to other consumers
_
do
Stocks, industrial and retail dealers', end of month,
total
thous of short tons
Electric power utilities
do
Railroads (class I)
do
Manufacturing and mining industries, total do
Oven-coke plants do
Retail dealers
_
do__-
Ex ports}
do
Prices:
Retail, composite
dol per short ton
Wholesale:
Screenings, indust use, f o b car at mine do
Domestic, large sizes, f.o.b. car at mine do
COKE
Production:
Beehive
. - thous. of short tons
Oven (byproduct)..
_. . -_do_ __
Petroleum coke§
__ _ ._
_ _
do
Stocks, end of month:
Oven-coke plants, total}
do
\t furnace plants}
do
\tmerchantplants .
do
Petroleum coke
do
Exports
do
Price, oven foundry coke (merchant plants), f.o.b.
Birmingham, Ala
dol. per short ton
1,231
283
110
1,262
333
60
1 437
317
154
1,140
290
85
1, 637
336
137
1 518
339
149
1,612
319
154
1 626
327
176
1 724
199
110
1,803
110
134
1,756
64
89
1 468
98
107
1, 197
153
12
28.18
13. 433
27.16
13.188
27.16
13.188
27.28
13.608
27.33
] 3. (H)8
27.34
14. 098
27. 55
14. 098
27. 64
14.098
27.88
14.098
28.34
14. 420
28. 56
14.420
28. 56
14.420
28. 56
v 14. 420
34, 969
36, 254
33, 605
25, 275
36, 449
34, 454
35, 257
33, 352
32, 846
32, 570
28, 970
' 29, 950
28, 660
30, 853
13, 105
185
15, 747
8,181
29, 707
13,155
145
14, 941
7, 603
27, 983
13, 211
111
13, 424
6, 529
26. 587
13. 373
99
11,878
5, 720
28, 824
14. 698
107
12, 282
5,672
27, 453
13, 658
112
11 590
5, 169
30, 159
14,304
192
12, 929
5, 576
30. 537
14. 654
175
12 905
5, 035
34, 409
16, 673
213
13 623
4,917
34, 702
16, 903
30, 230
14, 730
r
30, 470
14, 773
28, 396
13, 500
13, 727
5, 035
12 403
4, 792
13 421
5, 345
12, 955
5, 481
1,729
1,323
1,098
1,119
1,616
1,978
2,609
2,729
3, 886
4,069
3,097
2,273
1,909
68,153
44, 356
176
23, 136
11,324
71,364
46, 575
168
24, 053
11,916
73, 928
48, 275
178
24, 770
12, 391
70, 235
47, 517
158
21, 823
10, 343
72, 662
49, 334
162
22, 380
10, 742
74 458
50 813
163
22, 679
10,918
76, 206
52,215
164
23, 006
11.083
76 730
52, 435
180
23. 283
11.204
73 244
49, 937
190
22, 451
11,029
69, 194
47,157
66, 463
45, 245
65 183
44, 627
65,015
45,017
21,477
10, 484
20, 683
9,789
20, 158
9. 551
19, 648
9,340
485
568
705
737
786
803
821
832
666
560
535
398
350
3,364
3,452
3,743
3,308
3,888
3 448
3, 763
2 882
2 322
1 867
1 , 868
1 959
2,541
17.21
16.71
16.69
16.78
16.87
17 08
17.21
17 24
17 27
17 30
17.30
5.166
7.331
5. 166
7.300
5. 161
7.406
5. 156
7. 463
5. 156
7.619
5. 149
7.769
5. 149
7.769
5 149
7. 869
5 149
7.900
5 149
7.922
5.149
7.922
102
5, 654
809
79
5, 271
829
55
4,543
1,042
50
3, 975
1,132
72
3,923
1,250
58
3,592
1, 166
52
3, 879
1,153
51
3,487
1,145
52
3,376
1,202
50
3,494
1,260
3,752
2,610
1,142
1,196
20
3,783
2,674
17 109
1,178
24
3,892
2,811
1,081
1, 167
37
4,076
2, 964
1,112
1,199
37
4,271
3,122
1, 150
1,202
32
4, 452
3 280
1,172
1 208
31
4, 629
3,437
1,192
1,194
16
4,707
3 494
1 212
1 174
35
4 757
3 477
1,280
877
11
30.35
30.35
30.35
30.35
30. 35
30. 35
30.35
30. 35
1,502
2.97
238, 809
82
1,733
2.97
246, 847
82
2, 075
2.97
243, 773
84
1,813
2. 97
257, 522
86
2,108
2. 97
255, 748
85
1.734
2.97
242, 999
84
1,875
2.97
245, 157
81
297, 789
291, 377
291,045
291, 271
296, 027
290, 536
211, 132
28. 166
212,296
27, 799
208,161
26, 671
212, 645
27, 884
215, 145
28, 621
209, 119
28, 092
33, 877
24, 614
14,611
30, 571
20, 711
16, 307
32, 730
23, 483
2,854
31, 191
19, 551
14, 219
32, 768
19,493
8,543
32, 691
20, 634
14. 347
31, 458
20, 989
14,810
17 30
17 23
5 149
7. 828
p 5 131
P 7. 271
61
3,296
1,121
70
3,654
1.237
67
3 7H8
4,822
3 485
1,338
933
4,781
3,401
1 , 380
933
26
4 697
3 285
1*412
1 025
41
4,727
3 256
1,470
30 35
30 35
30. 35
30 35
30 35
1,835
2.97
236, 789
81
2,426
2.97
248 928
83
1,880
2.97
259, 349
87
1,512
2.97
236, r756
86
1 950
2 97
250 964
83
^ 2 97
297, 866
300,155
309, 742
321, 640
291, 399
323 645
215, 687
29, 732
213, 992
29, 519
221,653
31, 509
223, 497
30, 974
204, 274
28, 240
231 596
30, 896
28 677
33, 688
29, 980
26, 664
33, 481
27, 903
-4,678 -48,020 -25,119
28, 768
30,117
-7,223
23 276
27 877
16, 354
r
1 394
34,63.")
23
30 35,
PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed} . . _ _ _ _
number
Price at wells (Oklahoma-Kansas)
dol. per bbl
Runs to stills} .
thous. of bbl
Refinery operating ratio
percent of capacity
All oils, supply, demand, and stocks:o"
Now supply, totalt
----thous. of bbl
Production:
Crude petroleum}
___
_ _ do
Natural-gas liquids, benzol (blended), etc.} do
Imports:
Crude petroleum
_ . _ _ do
Refined products!. - --- - - do.
Change in stocks, all oils (decrease,—)
do
283, 178 275, 070 288, 191 277, 052 287, 484 276, 189 283,056 304, 833 357 762 346, 759 298, 622 307 291
Demand, totalt
.-. do
Exports:
270
127
89
248
Crude petroleum
do
436
234
0
512
135
295
352
339
6,421
6,477
7, 155
5 , 938
5,742
5, 393
5 164
5,641
Refined productst
do
5 326
5 014
4 299
5 108
Domestic demand, tota!9}
--- _ - d o _ _ _ 276, 431 268, 522 280, 600 271, 062 281, 457 270, 562 277, 063 299, 669 351,924 341,610 294. 028 301,844
129, 094 129, 952 138, 909 135, 838 138,371 128. 530 126, 242 124 855 124 937 114 455 105 589 126 592
Gasoline}..,
do
11 653
7,668
6,176
8,433
6, 665
8,864
8,067
12, 776
10, 475
KerosenetA -___
do
18 769
18 134
15 111
Distillate fuel oilt
do... 45, 385 40, 450 39, 755 34, 919 37, 137 39,683 45, 160 61, 556 95, 544 96, 362 74,907 66* 351
45, 840
40, 246
39, 332
36, 834
36, 240
37, 343
40, 849
48, 509
58, 886
Residual fuel oilt
do
57 051
53, 078
50' 918
7,887
8,752
8,254
9,255
8,732
8,723
JetfueltA-do
8 472
8 269
8 265
7 986
7 113
8 761
3,604
3,898
3,791
3,699
3,692
Lubricantst
do
3 483
3 474
3 479
3 265
3 599
2 801
3 536
9,478
6,673
13,411
13, 848
15, 581
Asphalt}
do
6,827
13, 727
11,099
2 294
3 981
3 077
3 068
15, 899
14,601
Liquefied gases}
do
14, 687
14, 899
15 275
17,946
20 846
25 713
17 992
25 540
20 639
17 518
760, 353 776, 660 779, 514 793, 733 802, 276 816, 623 831,433 826, 755 778, 735 759, 439 752, 216 768, 570
Stocks, end of month, total
do
Crude petroleum
_
do - 266, 178 261, 312 257, 301 242, 745 234, 091 231 966 232 990 239 528 239 800 236 769 232 063 244 921
03 982
27 548
Natural-gas liquids
do
22,215
29, 380
26,400
32, 467
33 224
35 639
36 122
33 993
23 195
28 931
Refined products
_
do
471,960 488, 948 492, 833 518, 521 534, 961 549, 018 562,321 553 234 510 004 498 688 496 958 496 101
Refined petroleum products:
Gasoline (incl. aviation):
Production}
do
123, 449 125, 226 126, 905 133, 485 132 884 127 564 126 561 123 873 130 787 131 741 115 785 127 630
Exports}
do_ .1,607
1,436
1,307
1,115
1 107
1,160
747
1 130
745
1 044
519
542
Stocks, end of month:
202, 610 198, 081 185, 655 182, 193 177, 795 177 667 177 660 175 419 181 169 197 874 208 759 209 462
Finished gasoline
do
Unfinished gasoline
__ __
do
13,490
12, 428
12, 797
13, 828
11,978
12,527
12 014
13 307
13 605
13 993
13 430
14 198
Prices (excl. aviation) :
Wholesale, refinery (Okla., group 3). .dol. per gal..
.115
115
.105
.120
.125
.125
.125
.125
.125
.125
.125
.125
P. 125
Retail (regular grade, excl. taxes) , service stations,
55 cities (1st of following mo.)
dol. per gal_.
.207
.218
.212
.208
.218
.216
.214
.215
.213
.211
.211
.201
.202
' Revised.
* Preliminary.
9Includes data not shown separately.
}Revisions for 1958 will be shown later as follows: Oil wells completed (August and September)- domestic
demand—jet fuel (February-September); lubricants (January-August); for all other indicated items (January-September). Bituminous coal exports for 1959 have been revised as follows
(thous. short tons): July, 3,680; August, 4,003; September, 3,512; and December, 2,878. §Includes nonmarketable catalyst coke.
d"Data for Alaska and Hawaii are included as part of domestic supply and demand beginning with January 1959 and January 1960, respectively: appropriate amounts for these States
are reflected in data for all series affected. Data beginning 1960 for jet fuel and kerosene are not comparable with earlier data because jet fuel for use in commercial aircraft is now classified
with kerosene; formerly, this product was reported primarily as "jet."
ASee last sentence of note "d"."
SURVEY OF CURRENT BUSINESS
S-36
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
June 1WL
I860
April
May
June
July
August
1961
Septem- October Novem- December
ber
ber
January
F
ary"-
M
™"
April
May
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products — Continued cf
Aviation gasoline:
Production
thous. of bbl_
Exports!
do
Stocks end of month
do_
Kerosene :§
Production
do
Stocks end of month
_
do
Price, wholesale, bulk lots (N.Y. Harbor)
dol. per gal__
Distillate fuel oil:
Production
.thous. of bbl._
Exports}
_
do
Stocks end of month
do
Price, wholesale (N.Y. Harbor, No. 2 fuel)
dol. per gal
Residual fuel oil:
Production
thous. of bbl
Imports}
do
Exports}
do
Stocks, end of month
_
__do
Price wholesale (Okla No 6 fuel) dol. per bbl
Jet fuelr§
Production
thous. of bbl
Stocks end of month
do
Lubricants:
Production
_
-do
Exports}
do
Stocks end of month
do_ __
Price, wholesale, bright stock (midcontinent, f.o.b.
Tulsa)
dol. per gal..
Asphalt:
Production
thous. of bbl._
Stocks end of month
do
Liquefied petroleum gases:
Production
do
Transfers from gasoline plants}
__ _ _ __do
Stocks (at plants, terminals, underground, and at
refineries) end of month
thous of bbl
Asphalt and tar products, shipments:
Asphalt roofins: total
thous. of squaresRoll roofinc' and cap sheet
do
Shingles, all types
do
Asphalt siding
Insulated siding
Asphalt board products
Saturated felts
do_ ._
do
thous of sq ft
. _ short tons..
10.017
9,666
9,453
977
915
12. 105
914
12. 714
10, 776
35, 408
36, 977
9. 521
1.084
9 018
953
14,274
13.848
13,943
9, 374
888
12. 826
9. 745
20, .547
9 853
24, 217
9, 759
27, 354
11,164
11,397
30, 499
33. 379
9, 14.5
1
90 Q
12.608
11.993
8. 994
564
13, 585
9, 606
506
1 3, 938
12, 401
36. 722
13,376
31 , 445
9. 908
833
13,058
1 3. 857
27. 305
T
8. 582
9. 51 2
302
385
1 3. 047 i 12,800
1 2. 040
24. 471
1 2, 679
25. 666
.105
.105
.102
.102
.102
.102
.105
.101
.101
i .109
. 117
. 115
52, 300
1,520
779
53, 841
1.342
1,176
95, 461
53. 338
1,148
1,163
109, 174
56. 773
79P
916
131,044
58, 081
773
751
152, 158
54. 928
1 005
484
168, 235
56. 262
897
580
54. 877
621
556
180.071
173.913
59, 209
1 097
641
1 38, 455
64. 433
2 096
708
1 08, 097
63. 248
1 054
329
97. 298
55, 967
1 355
455
87, 950
.092
.092
.092
. 092
.095
26, 072
15, 590
1,484
39, 628
1.50
25, 297
26, 265
13, 955
875
43, 848
1.80
26 125
14, 966
1,888
7, 437
6, 556
7,338
7, 528
7, 796
6, 810
7, 894
6, 753
6,892
5, 052
1,422
9, 665
4, 953
1,318
4,921
1,559
5,232
9,404
9,068
81,755
.095
26,410
19, 567
1,688
39, 285
1.50
. 095
17,098
1,967
41,074
1.80
1,478
9, 032
. 107
. 105
v. 100
30, 873
22 780
1 . 51 5
44, 870
1.80
29. 894
27, 866
1 , 1 76
42. 934
1.80
27, 758
25. 691
1,014
42. 635
1.80
27, 383
22 757
1,322
40. 889
1 80
P 1. 65
7. 291
6 020
7, 269
6 456
6. 709
5, 991
6. 674
6 417
8.878
5 094
1.353
9. 463
5, 061
1,389
4.716
1 . 045
4. 723
1 , 508
1 2. 791
5, 025
1 587
1 2, 695
. 091
25, 779
15 523
1,357
50, 136
1.80
25, 755
15, 976
1,283
50, 003
1.80
27.116
7,343
6, 961
6,431
6, 898
6, 034
4, 689
1,088
4.944
4,907
1, 258
9, 149
1,386
9,194
47,177
1.80
8.942
i .099
p. 110
21 885
1 . 304
49. 525
1.80
.091
9,874
12,376
7 131
.250
.260
.260
.260
.260
.260
.260
.260
.260
.260
.260
.260
7, 719
16, 830
9,449
11,776
14,259
12, 114
11,147
9,741
8, 141
6,814
8. 593
5, 191
4. 979
17, 037
11,042
15,760
10,142
15,200
4. 529
17, 647
5, 925
20 760
6, 591
9,631
6, 307
8,571
6 604
6,747
6 716
5 997
12, 129
6 947
11,001
6 128
14, 953
6 732
8,701
6 229
9, 345
18,974
18.977
6 413
14. 481
11,186
17, 382
21, 594
24, 836
28, 633
29, 683
32, 036
32, 578
30 558
25 536
20, 744
20. 020
24 299
4, 066
1, 403
2, 663
5,334
6, 056
2, 006
6, 077
2, 079
3, 998
6.817
2, 567
4,251
6, 829
2. 677
4.151
6, 021
1,743
3,591
2,299
3,722
4, 592
1,688
2, 903
4, 351
1 . 656
2. 695
2 000
775
1.224
1,665
655
1,010
78
112
1,739
84
142
1,690
99, 144
96
125
1,947
93, 986
101
117
1,828
86, 823
84
82
727
78, 706
74
51
695
94, 572
45
44
35
45
65
73
62
78
52. 990
35. 189
* 60, 101
69, 043
3. 449
3. 400
3 222
6. 212
r
r
6. 471
3, 516
3, 599
T 6, 168
3,193
3. 526
5, 816
711. 7
51 9. 2
677 2
51 4. X
762 2
T 519. 2
727 9
516. 6
48
89
1.548
67, 900
62
106
1,386
80,410
8,409
4,050
72
132
2, 080
88, 881
91,925
11,284
9,110
P. 260
6 864
' 3, 834
r
1,446
' 2, 388
4, 709
1.667
3. 042
PULP, PAPER, AND PRINTING
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
Consumption
Stocks end of month
Waste paper:
Consumption
Stocks end of month
thous of cords (128 cu. ft)
do
do
3,199
3. 335
5, 285
3. 183
3, 469
4,954
3,442
3, 445
5, 083
3, 282
3,124
5,185
3,791
3, 545
5,449
3, 624
3. 31 1
5. 795
3. 738
3, 588
5. 967
3, 249
3, 358
5, 891
3,032
2, 966
5. 948
thous of short tons
do
753 1
556. 8
770.4
540.0
781.8
538. 8
651.2
543. 8
783.1
541.7
759.4
537. 7
770. 1
544. 0
718.9
547. 9
5(>1 . 3
WOOD PULP
Production:
2, 098. 8
Total all grades
thous. of short tons
88.5
Dissolving and special alpha
__do__ .
1,195.9
Sulfate
do
231. 8
Sulfite
do
2, 165. 5
108. 0
1,267.9
213.4
2,157.0
96. 3
1,266.2
211.5
1,915.1
76. 0
1, 119. 9
191.4
2, 196. 1 2. 053. 7
102.7
81.5
1, 276. 7 1,182.8
208.1
206. 5
2. 228. 2
97. 5
1, 298. 2
226.7
2. 073. 6
90.9
1,194.3
229. 6
1,848.3
268. 3
102. 8
211.5
262.2
103. 8
210.3
276. 3
101.0
205.7
245. 4
92.7
189. 8
274.9
108. 6
225. 1
261 . 1
110.0
211. 7
283.9
113. 5
208.4
879. 9
283 0
520. 2
76.7
912. 5
305. 2
526. 3
81. 1
922. 5
301.8
535. 6
85.0
898.9
300.4
522. 3
76.2
927.3
312.1
543.3
71.9
910.7
301. 3
538. 2
71.2
Groundwood
_
do
Defibrated or exploded
do
Soda semichem screenings damaged etc do
Stocks, end of month:
Total all mills
do
Pulp mills
do
Paper and board mills
do
Nonpaper mills
do
751 8
83. 2
3.400
2. 107.6
98.9
1 , 957. 0 ' 2, 245. 0 2, 184. 1
91.4
106. 6
96.7
1,039.5
1,218.5
187.3
222.1
1,151.4 '1,310.9
221.1
199.7
265. 5
100.0
193.3
261.0
89.8
187.4
267 7
96.1
204.3
75.1
196. 7
937. 6
322.6
545. 9
69. 1
957.0
341.8
545.8
69.5
896.8
294.2
533. 9
68. 7
882. 0
317.1
499. 1
65. 8
242.7
1,283.7
224.8
274.7
104.2
227. 5
256.8
104. 0
218. 1
312.3
507. 1
69. 6
' 914.0
' 324. 6
r
523. 6
65.9
897. 0
338.2
496. 4
62.4
889.0
r
Fxports all grades total!
Dissolving and special alpha
\11 other
do
do
do
85.7
38.7
47.0
102.0
38.8
63.2
111.6
35.0
76.6
102.7
33. 9
68.8
99.5
32.0
67.4
107.1
36.3
70.8
90.2
30.7
59.5
97.6
33.2
64.4
95.3
34.1
61.2
88.3
23. 5
64.8
109.5
31.8
77. 7
109.2
43.3
65.9
99.6
36.0
63.6
Imports all grades totall
Dissolving and special alpha
All other
do
do
do
182.8
14.3
168. 5
193. 2
18.2
175.0
211.0
15.9
195.1
177.4
12.0
165.4
230. 1
15.4
214.7
198. 5
13.9
184 7
198. 1
14.4
183.7
228. 6
19.0
209. 6
175. 3
9.3
166. 0
185.2
11.7
173. 5
1 95. 4
13.9
181.5
207.5
11.5
196-0
1-68.0
11.7
156.3
PAPER AND PAPER PRODUCTS
All paper and board mills, production:
2,793
2,794
2, 936
2, 567
2, 639
' 3, 004
2,820
2,988
2, 521
2, 896
2, 946
2, 959
2,881
Paper and board, total
thous. of short tons..
1,288
1,295
1,216
1.291
1,127
1, 300
1.219
1,354
1,254
1,165
1, 327
1,330
1,340
Paper
do
r
1,214
1, 354
1,174
1,310
1.257
1. 305
1,278
1,332
1, 386
1.345
1,123
1. 295
Paperboard
do
1.368
14
11
11
12
10
10
12
12
13
12
14
10
13
Wet-machine board
. _
do
256
260
230
196
'253
250
222
271
277
291
290
262
287
Construction paper and board..
do
r
Revised.
* Preliminary.
1 Prices beginning 1961 not strictly comparable with earlier data. January 1961 prices comparable with December 1960; Kerosene, .115; fuel oil, .10
cPSce similar note, p. S-35.
{Revisions for 1958 will be shown later as follows: Aviation gasoline exports, distillate fuel oil imports, residual fuel oil imports, transfers from gasoline plants (January-September);
tillate fuel oil exports (January-May and September); residual fuel oil exports (May and June); lubricants exports (January-August).
§See last sentence of note "c?" for p. S-35.
^Revisions for 1958 and 1959 will be shown later.
SURVEY OF CURRENT BUSINESS
June 11)01
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-37
1961
1960
May
April
Tune
July
August
Septem- October Novem- December
ber
ber
Tanuary
February
March
April
May
PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS— Continued
Paper, except building paper, newsprint, and paperOrders new 9
thous of short tons
Orders unfilled, end of month 9
___
do
Production
do
Shipments 9
Stocks end of month 9
Fine paper:
Orders, new
Orders unfilled, end of month
Production
Shipments
Stocks end of month
Printing paper:
do
do
do
do
do
do
do
-
Orders' unfilled, end of month
do
Production
do
Shipments
- do
Stocks, end" of month
do
Price, wholesale, book paper, "A" grade, English
finish, white, f.o.b. mill
dol. per 100 lb_.
Coarse paper:
Orders new
thous. of short tons
Orders unfilled, end of month
do
Production
do
Stocks end of month
Newsprint. :
Canada (incl. Newfoundland):
Production
Shipments from mills
Stocks at mills end of month
United States:
Production
- Shipments from mills
Stocks at mills, end of month
995. 2
747. 5
1.164.1
967. 2
028 9
152. r>
86. 2
155.0
157. 4
160. 7
407 9
410. 5
403. 0
401 . 8
272.7
950 6
703 6
1,161.6
977. 5
630. 8
941 4
700.2
1, 123.9
954. 7
631.6
859 8
708.7
975. 7
806. 2
624. 3
893 8
655. 1
1,112.7
934.1
629. 8
865 5
647. 6
1 , 060. 3
882.7
627. 1
966 3
659. 0
1.160.1
950. 8
644. 0
856 8
624. 6
1,084. 5
879. 1
660. 9
145.7
83.8
152.4
145. 3
164.1
148. 8
86.2
150. 3
151. 1
165. 9
122.0
79.4
127.1
125. 9
149. 4
144.0
82.2
148.0
149.3
156. 2
129. 5
71.2
140.6
137.8
152. 5
1 42. 1
72. 6
144.1
145.8
155.6
142.5
75. 2
145. 1
1 45. 1
163. 1
390 9
385. 6
403. 0
401.6
274.1
423. 1
410. 5
395. 7
397.0
272.9
392 4
418. 5
343. 2
344. 7
271.3
384 5
384. 2
400. 9
399.8
272. 5
375 5
387. 6
378. 3
381.0
269. 7
4'>6 9
395. 6
407.9
407.7
269. 9
375 0
368. 3
389.2
389. 4
269. 8
818 6
' 933 8 ' 895 2
' 036. 1
585. 8
'617.9
1 012 4 '1 118 1 '1,054.6
r
844. 0
' 859. 5
898. 9
r
047. 4
656. 9
644 5
947 0
61 9. 0
906 0
909. 0
565. 0
' 144.3
r
78. 0
'144.9
'87.7
' 1 40. 3
'138.2
'144.1
168.0
93.0
163 0
163.0
144 0
'397 3
' 370. 3
'371.8
' 369. 0
' 277. 3
435 0
388. 0
408.0
408 0
277. 0
133.7
70.0
133. 5
135. 1
148.8
348 5
332.9
374. 4
375. 0
269. 1
r ]49
2
' 143.2
r
1 53 0
T
'
'
'
'
41 "> 3
366. 7
386. 0
380. 6
274. 5
16.78
16. 95
16. 95
16. 95
16.95
16. 95
16. 95
16. 95
16. 95
1 6. 95
16.95
do
374.1
203.9
348. 3
347.9
119.8
351.9
187.2
363. 5
369 6
115.0
308.1
157.9
339. 1
345. 9
119.3
292.7
161.7
284 6
282 2
119 4
310.4
143. 8
329. 1
325 9
120.2
307. 0
148. 7
308. 5
307 7
126 3
332. 8
143.2
336. 0
334 7
125. 7
281 . 0
134. 3
301.8
28" 6
139. 2
281.0
136. 1
278. 2
278 0
138 6
319 6
'129.8
' 322 0
'319 8
' 143 0
' 297 0
' 133. 4
r
301 . 2
'296 0
' 150 4
do
_do
do
547. 1
589. 0
241.3
563. 1
569. 5
234. 9
566. 3
593. 2
208. 0
555. 9
561.5
202. 4
570. 2
551.8
220. 8
570. 6
589. 9
201.4
591.4
588. 2
204. 6
604. 2
644. 8
163.9
533. 9
558. 1
139.8
545. 4
509. 2
176.0
511.9
468. 8
219.1
571.7
528.1
262.7
549. 1
559. 5
252 3
591. 9
583. 1
261.2
168.7
173. 5
33.6
173.3
171. 5
35.4
171.2
174.3
32.3
157. 2
1 55. 9
33.6
179.9
171. 5
42.0
161.6
167.9
35.7
184.5
183.3
36.9
174.3
177.0
34.2
158.8
167.4
25. 5
184. 3
166 5
43.3
163.2
167. 7
38.8
186. 0
177 5
47.3
162.8
176 4
33.7
185.9
179. 1
40.6
do
do
do _
Consumption by publishers d"
do
Stocks at and in transit to publishers, end of
month d*
thous. of short tons._
Tmports
do
Price, rolls, contract, delivered to principal ports
dol. per short ton__
r
16. 95
344
138
335
338
144
p 16.95
0
0
0
0
0
476. 9
510.4
461. 9
419 7
420.4
454. 4
516.7
496 7
457 3
422 4
392 4
469 1
479 3
485 9
651.1
593.2
605.3
623. 7
646.0
654. 4
615.1
626. 0
628.1
632.7
648.4
610. 7
594. 4
589. 4
431. 9
480.6
467. 5
411 1
486.3
429.2
474.8
504 0
475 1
422 3
414.7
493 5
421.2
134. 40
134.40
134. 40
134.40
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
p 134. 40
1,241.8
399.3
1,218.9
89
1, 453. 7
440.7
1 , 435. 8
91
1,304.4
421.3
1,316.8
91
Paperboard (National Paperboard Association):!
Orders, new
thous. of short tons__ ' 1,334. 9 -•1,373.1 '1,356.3 ' 1,195. 4 '1,407.5 '1,311.4 '1,389.9 '1,272.3 '1,181.9 1,212.4
321.3
480. 5
450. 2
429.1
418.2
409. 4
457. 8
418.4
371.7
Orders unfil>ed, end of month
do
380. 3
'1,345.5 r 1,357. 5 '•1,366.7 '1,171.4 '1,435.4 '1,316.2 ' 1 , 398. 4 '1,313.2 '1,211.9 1,201.0
Production total
do
r
'93
92
'94
'94
'78
'88
93
86
87
' 73
Percent of activity -Paper products:
Shipping containers, corrugated and solid fiber,
9,004
9,434
8,912
8,292
9,707
9,920
9,501
8, 186
8,254
8,781
shipments!
- mil. sq. ft. surface area
Folding paper boxes, shipments, index of physical
120.0
124.2
129.1
130.9
105.6
133.0
132.4
116.6
124.0
111.8
volume
1947-49=100
1,462.2
447. 6
1.451.9
91
8,082
9, 667
8, 936
9,707
109. 4
' 131.0
' 116. 7
v 127.8
31 871
76 412
26 766
34 908
72 360
28 737
33 207
69 019
*>4 584
PRINTING
Book publication total
New books
New editions
number of editions
do
do
1, 264
989
275
2 1, 797
2 1,481
2316
1,241
1,006
235
1,385
992
393
2 1 187
2 976
2211
936
768
168
2 1 705
2
1 385
2320
1,181
955
226
1 418
1 125
'293
RUBBER AND RUBBER PRODUCTS
RUIiliPK
Natural rubber:
Consumption
long tons a '41, 982 '41,223 ' 42 530 ' 35 201 '37 213
83 451
76 605
82 693
Stocks end of month
do
76 389
82 385
36, 343
32,018
28 605
39, 597
Imports including latex and guavtile
do
31, 609
Price, wholesale, smoked sheets (New York)
.404
.460
.418
.455
dol. per lb_.
. 368
Synthetic rubber :
120, 895 126, 804 122, 547 1 1 6, 584 121, 635
Production
_.
long tons
« '90, 630 ' 92, 386 ' 96, 260 ' 79, 771 ' 88. 960
Consumption
___
do
Exports
Reclaimed rubber:
Production
Consumption
Stocks end of month
TIRES AND TUBES
Pneumatic casings:
Production §
Shipments, total§ _
Original equipment
Replacement equipment
Export
Stocks, end of month§
Exports (Bur. of Census)
Inner tubes:
Production
Shipments
Stocks, end of month
.._._.
Exports (Bur. of Census)
_. ..
r
Revised.
do
221,511
37,018
do
do
do
« '26, 221
« '24, 024
30,916
thousands
.
227 332
31,114
226, 032
29, 508
235 693
28 780
' 25, 688 ' 25. 441 '21,484
' 23, 581 ' 24, 487 '19,100
31, 699
33 624
32 611
242 740
30, 544
'36 718
82 227
31 828
. 350
' 36 987 ' 35 917 '31 854
76 116
71 608 r 77 275
26, 908
39 085
30 412
.343
112, 853 110, 991
' 87, 721 '89,194
242 959 238 591
24, 285
23, 166
' 23, 552 ' 22, 263 ' 23, 558
' 21 , 286 '21,929 ' 23, 077
33 519
33 979
33, 949
35 149
80 238
33 751
.289
.285
.294
.305
. 305
110, 465 104 659
' 86, 582 ' 80, 424
240 038 '242 791
23 497
?3 381
105 811
3
86, 201
236 247
26 294
101 245
3
77, 733
233 030
26 385
112 580
3
86, 008
235 697
27 983
108 453
3
82,813
9
41 9^0
23 497
' '>9 0?5 ' 20, 022 22, 528
22, 052
' 20, 841 '19,757
33 783 ' 32 798 33 101
19,724
18, 550
33 493
21, 824
20, 558
32 695
21,321
20, 736
31 593
.311
10, 517
10, 779
10,863
9,788
9, 147
9,184
9, 530
9 044
8 804
9 221
8 591
9 212
8 882
do
do
do
do
11,114
3,584
7,348
182
11, 188
3, 724
7,306
157
11 507
3 449
7 884
174
10 113
2 735
7 228
150
8 941
1 578
7 213
151
9 630
2 950
6 560
120
10,014
3 589
6,304
121
8 303
3 425
4 772
105
7 650
3 087
4 452
112
9 130
2 449
6 590
91
7 004
2 191
4 722
92
9 166
2 448
6 595
123
10 232
2 934
1 202
96
do
do
27, 401
159
26, 967
143
26, 359
142
26,108
119
26, 298
104
25, 893
110
25, 499
73
26, 290
76
27, 540
88
27, 682
79
29,338
83
29, 385
QP,
28, 033
85
do
do
do
do_ .
3 628
3,306
10, 495
146
3 611
3 330
10, 852
135
3 4'' 6
3 547
10 700
113
3 261
3*440
10 627
102
3 017
3 308
10 254
107
3 024
2 894
10 446
84
3 067
3 000
10 589
137
2 921
2 657
10 859
71
9 ()13
2 817
11 034
110
3 208
5 076
9 394
57
3 359
3 588
9 014
82
2 939
2 902
9 096
80
3 140
3 ' 277
9 246
. 325
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
June lfnn
1960
April
May
June
July
1961
DecemAugust SeptemOctober November
ber
ber
January
Febru-
ary
March
April
May
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Production, finished cement
Percent of capacity
Shipments, finished cement
Stocks, end of month:
Finished
Clinker
thous. of bbl
-- -
thous. of bbL
do
do
27,015
80
27, 638
31,999
89
30, 468
31, 930
91
34, 363
31,982
88
32, 964
33, 270
92
36, 623
31, 181
89
33, 862
31, 533
87
33, 239
26, 469
75
25, 232
20. 505
56
15.116
16, 744
46
14.303
15, 038
45
14,447
21,851
59
22, 148
38, 554
33, 545
40 101
33, 049
37, 667
30, 488
36, 611
27, 532
33, 244
23, 444
30 505
20, 282
28 841
17, 318
30 095
16, 838
35 525
20. 954
37 939
25 952
38 531
29 763
38 234
32, 250
r
r
' 686. 0 ' 624. 8
'44.4
' 46.9
179.8
190.8
r
' r610 0
39. 4
' 186.3
342 4
32. 5
108. 1
341. 6
32.0
114.6
32? 8
27.1
90.2
490.7
37.4
128.0
34.8
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil of standard brick
Structural tile except facing
thous of short tons.
Sewer pipe and fittings, vitrified
do Facing tile (hollow), glazed and unglazed
mil brick equivalent- Floor and wall tile and accessories, glazed and unglazed
mil. of sq. ft
Price index, brick (common), f.o.b. plant or N.Y. dock
1947-49= 100_-
644. 8
48.9
175.4
T
673. 4
'49.4
177.0
31.6
36.6
19.2
20.4
140.6
141.2
666. 8
* 44. 7
- 198. 6
r
595 9
'40.7
167. 9
r
536.7
' 40. 3
143. 3
r
37.9
35.9
' 39. 9
r 37. 5
38.0
37.3
31.9
30.8
28.3
22.2
19.4
' 21. 3
19.9
18.9
17.7
16.6
15.2
15.0
19. 1
141.3
141.3
141.6
141.7
141.7
141.7
141.7
141.4
141.4
141.4
r
141.4
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments (qtrly. total) o"
thous. of dol
Sheet (window) glass shipments
do
Plate and other flat ^lass shipmentscf
do
'Glass containers:}
Production
thous. of gross-
Shipments domestic, total
_ _ do
General -use food:
"NT arrow -neck food
do - _
Wide-mouth food (incl. packers' tumblers, jelly
glasses and fruit jars)
thous. of gross
Beverage
- Beer bottles
T^iquor and wine
Medicinal and toilet
Chemical household and industrial
Dairy products
Stocks end of month
_-
63. 493
22, 801
40, 692
59, 908
22, 333
37, 575
75, 964
31,076
44, 888
67, 055
26, 912
40, 143
12. 732
13,553
14.845
14. 224
15. 710
12.938
13.983
11,451
11.156
12. 287
12, 520
' 15. 171
12, 640
13, 998
14.203
12, 665
16. 166
14, 052
12,876
11, 576
11.307
11.472
11,178
' 17. 472 10, 958
1,324
1.361
1.355
1,340
2, 243
2.747
1,461
1,043
998
1. 126
1,112
2,161
1,128
4,648
4,322
3,963
3,466
3.219
3,444
3,247
4.809
2,695
1,068
2,338
1,422
4, 039
1,434
201
950
1, 586
1, 152
2,384
971
92
19. 410
21, 777
3,277
3,600
3.900
3, 619
do __
do
do
do
do _
do
1,285
1,443
1,298
2,771
1,107
135
1, 517
2, 054
1,224
2, 905
1,205
132
1,641
1,968
1,301
2,779
1.128
131
1,172
1,800
999
2,594
1,011
130
848
2,299
1,273
3, 406
1,248
201
610
960
1,310
2,794
1.099
210
570
861
1.579
3,156
1.139
147
724
1,012
1,367
2.815
996
153
965
1,273
1,128
2.631
915
178
609
1, 163
1.089
2,867
1,026
148
596
1,086
1 200
2,801
995
141
do __
21,052
20, 422
20, 748
22,134
21 , 570
19, 970
20, 932
20, 686
20, 250
20, 613
21, 830
r
13, 538
GYPSUM AND PRODUCTS
Crude gypsum, quarterly total:
Imports
Production
1,147
2,626
1 492
2,706
1 509
2,358
850
2,003
2,279
2 293
1 957
1 727
1, 059
70
971
68
887
71
743
65
317
316
328
345
273
275
203
222
514.7
1, 530. 1
72.9
531. 3
1, 561. 6
66.0
408.0
1, 452. 5
51.3
360.0
1.205.0
43.4
thous of short tons
do __
Gypsum products sold or used, quarterly total:
TJncalcined uses
thous of short tons
Industrial uses
do
Building uses:
Plasters:
Base-coat
- -- do
All other (incl Keene's cement)
do
Lath
Wallboard
All other§
mil. of sq. ft._
do .
do
TEXTILE PRODUCTS
APPAREL
Hosiery shipments
Men's apparel, cuttings:1A
Tailored garments:
Suits
Overcoats and topcoats..
thous of dozen pairs
_ thous. of units. do
Coats (separate), dress and sport
Trousers (separate) , dress and sport
Shirts (woven fabrics), dress and sport
-
do
do
11,795
11, 849
13, 743
11,167
13, 862
13,321
13, 511
13, 874
11,640
12. 360
1 , 968
476
1,896
512
i 1, 885
1460
1,032
336
1,780
548
i 1,715
i 425
1,684
332
1,784
224
i 1,1 650
170
896
8,236
956
8,600
1
1, 055
i 8, 935
576
6,812
944
8,520
i 775
i 8. 105
872
6,200
920
5,780
2,048
1
14. 734
11, 779
1.496
140
1,428 'i 1.795
172
^1225
1, 580
344
1840
i 5, 875
796
6. 476
708
'1950
940
7,188 ' ! 7. 780 7, 312
13,016
2, 270
1,424
2,072
i 2, 095
1,980
1,972
i 1, 880
1.828
1,840
'i 1.970
1, 592
264
364
296
344
i 265
*355
196
248
280
352
1280
1
310
232
316
204
292
1220
i 260
264
252
264
296
••1280
'1350
264
304
Women's, misses', juniors' outerwear, cuttings:A
942
Coats
_
__
thous. of units. .
27, 625
Dresses
do
593
Suits
_
do .
841
26, 037
440
1,832
20, 371
709
2,127
15, 861
800
2, 693
21,600
870
2,087
17, 824
521
2,276
19, 614
610
2,150
20, 022
627
1,315
15, 783
700
1.700
18,413
1,290
2,185
22, 124
1,016
2,137
28 968
1,068
696
26 512
499
Work clothing:
Dungarees and waistband overalls
Shirts
thous. of doz._
do
do
2,160
1.402
1,383
1, 515
1,223
1,310
Waists, blouses, and shirts
thous. of doz_.
1,547
1,277
1,236
985
1.239
1.669
1.401
1, 565
925
934
996
877
844
866
907
794
576
Skirts
do~~
466
681
889
753
' Revised.
i Data cover a 5-week period.
d* Re visions for 1957-2d quarter 1959 will be shown later.
tRevisions for January-March 1960 for clay construction products and for January 1959-February 1960 for glass containers will be shown later: those for 1958 for glass containers appear
in the May 1960 SURVEY.
§Comprises sheathing, formboard, and laminated board.
IData for June, September, and December 1960 and March 1961 cover 5-week periods and for other months, 4 weeks.
ARevisions for January 1957-November 1959 are available upon request.
SURVEY OF CURRENT BUSINESS
June 1061
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-39
1960
April
June
May
July
1961
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
TEXTILE PRODUCTS—Continued
COTTON
Cotton (exclusive of linters) :
Production:
G innings§
thous. of running bales. _
Crop estimate, equivalent 500-lb. bales
thous. of bales..
4
Consumption^!
_
do
708
710
860
Stocks in the United States, end of month,
'
10,
021
'
8.
683
'711,230
totall!
do
'11,7 179 ' 9, 975 ' 8, 642
Domestic cotton, total
do
'496
'
610
'407
On farms and in transit
do
7
8 632
7,676
6,661
Public storage and compresses
do
7
1,803
1,574
Consuming establishments
do
1,937
7
41
46
51
Foreign cotton total
do
Exports!
do
Imports!
do
Prices (farm) American upland
cents per Ib
Prices, wholesale, middling 1", average 14 markets
cents per lb__
Cotton linters:
Consumption^!
.. .....
thous. of bales
Production!
._
do
Stocks, end of month!
do
140
562
823
3,680
4
685
801
8,424
667
12, 594
1
13, 340
4
644
726
2
3
14. 075
637
647
668
11,022
10 965
776
8 244
1, 945
57
9,801
9,749
456
7,258
'2,034
52
6 353
2,041
49
26 9
842
3
28 4
584
3
29 4
29 6
31.1
31.4
31.8
113
138
681
104
114
663
104
19,058
17, 430
19, 008
17, 360
19, 000
17, 346
11, 196
448
10, 253
9,096
455
8. 330
9. 312
46fi
8, 514
' 20, 979 ' 20, 012 r 18, 911 ' 17, 552 ' 15, 848 ' 14,238 '12,760
' 20, 875 ' 19,912 ' 18, 818 ' 17, 463 ' 15, 768 ' 14 165 ' 12 695
215 ' 13, 880 '11,249 ' 7, 847 ' 4, 108 ' 2, 326 ' 1. 401 '1,065
5 919
5, 860
7,689
9, 957
12,112
11,967
9 823
11 107
974
1,390
1,014
1 , 243
1.475
1,135
1,657
1,807
104
100
37
89
80
65
93
73
7,561
7, 524
669
3
524
1
501
2
675
1
113
90
28 9
29 3
29.6
31 4
32 3
32 2
31 6
30 1
982
1
28 7
979
(*)
27 6
32.1
32.2
32.2
32.0
30.8
30.5
30.2
30.2
30.2
30.1
30.4
no
113
79
88
129
386
101
227
449
93
221
530
108
186
591
90
198
652
95
153
670
19, 310
17, 599
19,315
17, 589
19,259
17, 652
19, 241
17, 618
19, 151
17, 507
19, 085
17,471
19, 022
17, 450
19, 063
17, 451
113
628
4
73
579
129
52
503
42
465
44
405
19, 325
17, 604
19, 228
17, 529
19, 266
17, 561
193
22
4
112
439
1
721
(5)
4
14 265
'314 272
4
637
795
845
(5)
4
COTTON MANUFACTURES
Spindle activity (cotton system spindles) :11
Active spindles, last working day, total
Consuming 100 percent cotton
thous_.
.do
Spindle hours operated, all fibers, total
millions..
Average per working day
do
Consuming 100 percent cotton
do
Cotton yarn, natural stock, on cones or tubes:
Prices, wholesale, f.o.b. mill:
20/2 carded, weaving
dol. per Ib
36/2 combed knitting
do
Cotton cloth:
Cotton broad woven goods over 12 inches in width,
production, quarterly!
mil. of linear yd
Exports!
thous. of sq. yd__
Imports!
__ ._ _
do
Prices, wholesale:
Mill margins
cents per Ib
Denim, white back, 10 oz./sq. yd
cents per yd
Print cloth 39-inch 68 x 72
do
Sheeting, class B, 40-inch, 48 x 44-48
do .
4
9,844
492
8,989
9,827
491
8,964
.675
.946
.668
.943
35, 492
45, 824
35, 872
35, 877
2,422
33, 620
50, 720
41,045
38, 348
33.43
38.3
18. 1
17.5
32.77
38.3
18.0
17.5
32.85
38.3
18.0
17.5
32.60
38.3
18.0
17.5
4
11, 740
470
10, 737
. 661
.938
7,933
397
7.211
.661
.941
4
11, 244
450
10, 328
9,204
460
8,464
8,923
446
8,178
.651
.936
.646
926
24, 085
37, 632
2,193
28, 857
38, 823
32.92
38.3
17.5
17.4
32.04
38.3
16.5
17.0
9,418
471
8,605
4
. 651
.936
4
4
10, 253
410
9, 426
8. 760
438
8.051
8.940
447
8,190
.646
.926
.642
.924
.642
.916
.629
909
.634
.911
P. 641
P .911
36, 179
26, 610
34, 502
25, 896
2,235
40, 810
35, 294
42, 327
26, 326
41, 651
20, 618
43, 913
20. 868
38, 473
16, 477
30. 51
38.3
15 8
16.5
29.78
38.3
15 3
16.6
28.13
38.3
15 1
16. 5
27. 50
38.3
15 0
16.5
26.71
38.3
15 0
16.3
25.56
38. 3
15 0
'16.0
25.26
*38.3
Pl5 0
P 15. 9
4
4
24.96
MANMADE FIBERS AND MANUFACTURES
Fiber production, quarterly total 9!
mil of Ib
Filament yarn (rayon and acetate).
...do
Staple, incl. tow (rayon)
do
Noncellulosic (nylon, acrylic, protein, etc.)
do
Exports- Yarns and monofilaments
Staple tow and tops
_
Imports: Yarns and monofilaments!
Staple, tow, and tops!...
thous. of Ib
do
do
do
447. 6
157.4
76.5
168.7
481.3
172.2
79.7
181. 6
7,468
4,349
599
5,752
6,432
3,341
353
5,867
7,013
3,716
492
4,348
8, 513
4,391
9,091
3,042
314
477
3, 532
4,161
314
3,583
6,412
3, 591
419.8
146.1
77.9
157.9
444 8
148.2
90.0
169 7
6
48.3
629.7
4,171
6,539
3, 557
290
3,335
6,243
3 766
236
4, 326
8,178
3 029
276
3,323
5, 901
3,029
444
3,076
6, 461
4 036
490
2,872
8,046
3 370
527
2 277
6, 994
3,710
345
Stocks, producers', end of month:
Filament yarn (rayon and acetate)
Staple, incl. tow (rayon)
mil. of lb_.
do
63.7
55.1
64.4
55.9
58.5
59.7
62.8
65.2
65.3
61.0
68.3
59.1
68.3
55.1
68.0
51.1
65.2
53.9
63. 6
57.4
59.8
58.4
57.8
61.3
58.4
61.4
Prices, rayon (viscose) :
Yarn, filament, 150 denier
Staple 1 5 denier
dol. per lb__
do
.82
.30
.82
.29
.82
28
.82
.28
.82
28
.82
.28
.82
28
.82
28
.82
28
.82
28
.82
28
.82
27
» . 82
Manmade-fiber broadwoven fabrics:
Production, quarterly total?! .thous. of linear yd
Rayon and acetate (excl. tire fabric) __
do
Nylon and chiefly nylon mixtures
__ do
Exports, piece goods
thous. of sq. yd..
SILK
Imports, raw!
Price, raw, AA, 20-22 denier
Production, fabric qtrly total!
..thous. of Ib
_dol. per lb__
thous of linear yd
608, 629
367, 260
90, 395
13, 975
560
4.34
12, 604
12, 592
563, 969
334, 925
81,096
11, 151
594
v 27
580 951
339 207
75, 230
11, 301
11,409
14, 682
13, 628
12. 464
10,907
11,331
13,410
11,334
938
661
4.92
6,739
544
4.86
544
4.75
423
4.78
7 117
509
5.14
342
5.03
522
5.12
449
J-5.09
22, 287
15, 147
17,605
12,118
15, 882
11, 633
17, 424
13, 874
16 865
12,090
17 910
11,457
44 22 598
11 954
20 668
10 198
415
608
4.37
4.52
6,819
4.59
4.79
20, 395
14, 095
WOOL
Wool consumption, mill (clean basis) :1!
Apparel class
_ thous. of Ib
Carpet class
do _
20, 017
13, 647
21, 153 4* 26. 264
11, 702
11, 477
18, 639
9.008
Wool imports, clean content!...
Apparel class, clean content!
19, 453
8,557
15,868
6,057
18. 954
7,597
_
do ..
do
19, 205
7,800
4
4
4
4
17,921
17, 632
15,182
14, 953
18, 975
21, 547
24, 430
22, 706
6,715
6,225
7,239
7,305
7.606
9,516
11,904
12, 078
2
3
4
' Revised.
» Preliminary.
1
Ginnings
to
December
13.
Ginnings
to
January
15.
Total
ginnings
of
1960
crop.
Data
cover
a
5-week
period.
s
Less
than
500
bales.
« Data
7
are for month shown.
Revisions for January 1960 (order and units as above): 15,747; 15,680; 1,511; 12,391; 1,778; 67.
§Total ginnings to end of month indicated, except as noted.
ifDatafor June, September, and December 1960 and March 1961 cover 5-week periods and for other months, 4 weeks; cotton stocks and number of active spindles are for end of period
covered.
9 Includes data not shown separately.
!Scattered revisions for 1957-59 are available upon request.
24, 125
9,885
S-40
June l!)i>l
SURVEY OF CURRENT BUSINESS
1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
April
May
June
July
1961
August
Septem- Octobor Novembor
ber
December
J a i i ' i- | Febru11 ry
1 ary
March
April
May
TEXTILE PRODUCTS—Continued
WOOL AND MANUFACTURES
\Yool prices, raw, clean basis, Boston:
Good French combing and staple:
i
Graded territory,
fine
dol. per lb_.
Graded fleece 3/8 blood
do
Australian, 64s, 70s, good topmaking, in bond__.do
Knitting yarn, worsted, 2/20s-50s/56s, Bradford system,
wholesale price
1947-49-100
Woolen and worsted woven goods, except woven felts:
Production, quarterly total!
-thous. of lin. yd
•\pparel fabrics total
do
Other than Government orders total
do
IVTen's a n d boys'
do
_
Prices, wholesale, suiting, f.o.b. mill:
Flannel men's and boy's
1947-49=100._
Gabardine, women's arid children's
..do
1. 182
1.095
1. 212
1.160
1 . 090
1 . 225
1.155
1 . 088
1.225
1.125
1 070
1.225
1. 125
1 065
1 175
1. 125
1 065
1. 175
1. 125
1 036
1. 075
1. 125
1 025
1 . 075
102.2
102.2
102. 2
109 2
101 0
98.5
98. 5
97 2
80, 719
79, 303
78, 453
32 288
46, 165
_ _ _ _
108.1
92.4
108.1
92.4
108.1
92.4
68, 507
66 974
66, 579
24, 838
41 741
106. 3
92.4
106. 3
92.4
106. 3
92.4
1. 125
1 095
1.075
1.125
1 025
1 . 075
1.125
988
1 . 075
1.125
975
1 . 075
1.150
992
1.100
90 0
94 7
93 5
94 7
104.0
90. 8
104.0
90.8
104 0
90. 8
104.0
90.8
81,799
1,914.9
28, 282
83, 356
1,988.0
32, 590
100, 228
2, 197. 5
526, 056
255
254
425, 892
410, 516
99, 909
79, 573
547, 708 '• '046,700
425
" i 365
425
453, 425 p' 542,900
442, 740
93, 858 pi 103,400
77, 620
1. 210
1 020
1. 125
60, 058
58 555
57 040
22. 298
34 748
106. 3
92.4
106.3
92. 4
106. 3
90. S
TRANSPORTATION EQUIPMENT
AIRCRAFT
Manufacturers of complete types:
Aircraft, engines, propellers, parts, etc.:
Orders new (net) Quarterly total
mil of dol
Backlog of orders total end of quarter
Civilian aircraft:
Shipments
Airframe weight___
Fxports (commercial and civilian) J
3 065
2 593
12. 463
5 691
2 607
2 836
11.991
5 229
do
...thous. of dol__ 124, 323
thous. of lb__ 2, 663. 8
54, 890
thous. of dol.
131,312
3, 160. 9
79,413
108, 147
2,431.5
37, 985
120.004
2, 496. 2
114,590
92, 557
725, 665
451
432
607, 191
596, 861
118,023
91,268
do
do
do
<^0do
29, 468
11,626
17, 842
58. 241
56, 659
do
do
do
do
do
*> 87-1
*>. H41
1 2, 490
5 400
88, 117
2, 027. 9
82.316
2. 099. 7
82, 096
1 . 995. 5
59, 244
81, 102
1,912.5
30. 589
37, 580
36, 253
20. 195
390, 326
358
347
324,020
320, 681
65, 948
53, 331
463, 943
211
148
386. 694
378, 415
77, 038
66, 006
703, 159
447
396
627, 678
610,828
75, 034
60, 589
687, 790
338
307
600, 495
580, 677
86, 957
73, 923
613, 905
251
231
520, 714
507, 757
92, 940
79, 802
485, 933
278
406,616
395, 075
79, 039
67, 407
448,212
198
196
363, 193
351, 137
84. 821
67, 703
26, 081
6, 460
19.621
34. 265
30, 988
31, 485
4, 386
27, 099
22, 347
20, 885
14,411
5, 105
9, 306
24, 717
22, 916
26, 643
14, 182
12, 461
26, 688
24.811
26, 461
15, 965
10, 496
21, 215
19, 985
30, 897
12, 343
18, 554
29, 065
27, 443
19,927
10,315
9,612
26, 021
24, 293
20, 424
10, 496
9,928
23, 482
22, 099
27,314
13, 464
13, 850
24, 268
23,173
23, 176
9, 589
13, 587
22. 425
21, 684
5,286
3, 096
723
3, 925
2, 368
493
4, 134
2,513
670
3, 615
2,195
367
3,771
2,164
2 184
3, 656
2,218
299
3,133
1,879
389
r
r
647, 055
93, 460
595. 864
85, 535
546. 535
79. 674
525, 400
81,440
458. 765
76, 072
547, 461
74, 158
543, 042
67, 477
5, 569
4, 200
4, 200
1, 369
5, 352
4, 357
4, 357
995
41,206
20, 485
20, 282
20, 721
5, 945
3, 564
3, 564
2,381
2, 297
1, 738
1,726
559
36, 321
18,607
18. 392
17,714
6,218
3, 873
3, 873
2, 345
316
249
249
67
29, 770
14,349
14, 134
15, 421
4, 149
2, 737
2, 650
1, 412
1, 331
672
672
659
4 315
2, 506
2, 450
1,809
1,334
709
708
625
4. 355
2, 984
2, 929
1, 371
'2.156
r
2, 150
T
2, 150
6
26, 798
12 440
12, 300
14, 358
23, 951
10, 773
10, 688
13, 178
21, 692
9, 874
9. 844
11,818
4 657
3, 185
3,160
1, 472
5, 864
906
906
4. 958
22, 905
7, 616
7, 611
15, 289
21
21
294
294
24
24
270
270
13
13
282
282
7
315
315
97
27
288
288
32
32
256
250
33
33
223
223
1,674
7.7
1,673
81
1, 674
8 2
1,672
8 6
1,672
8 8
1 . 668
8 9
108, 460
2, 233. 6
72, 573
97, 584
2, 032. 9
46, 641
717, 366
364
359
605, 582
596, 296
111, 420
89, 022
501.223
424
414
421 , 355
414, 787
79, 444
64, 053
31, 106
9, 526
21, 580
51,208
48,153
29, 216
7,418
21, 798
38, 077
35, 355
5, 895
3. 391
1,020
5, 430
3, 244
630
647, 287
95, 009
38, 634
MOTOR VEHICLES
Factory sales, total
Coaches total
Domestic
Passenger cars total
Domestic
Trucks total
Domestic
Exports total J
Passcntrer cars (new and used)
Trucks and buses
Imports (cars, trucks, buses), totalcfj
Pfis^en^er cars (new and used) of
Production, truck trailers: A
Complete trailers, total
Vans
Chassis van bodies for sale separately
Registrations:©
New passenger cars
New commercial carst
number..
do
do
do
- -- do
do _ _ _
do_ _ _
703, 002
366
362
588, 046
576,817
278
447
3, 098
1,817
'684
* 4, 175
2. 460
518
3, 838
2, 102
497
544, 278
73, 250
413.563
62, 307
374, 877
59, 322
480, 067
72, 487
3487, 973
3 73, 574
3, 944
2, 210
2, 205
1, 734
3,732
2, 692
2, 692
1,040
22, 781
8, 178
8,178
1 4, 603
4 291
2, (Mil
2, 642
1,630
2,174
1,484
1, 465
690
21,070
6, 857
6, 857
14,213
3 515
2, 261
2. 261
1, 254
1,339
427
427
912
18,894
5. 023
5, 023
13, 871
1 958
757
757
1,201
1,536
438
438
1,098
18, 429
4, 669
4, 669
13, 760
3 874
2, 180
2,180
1, 694
1,802
1, 795
1,789
2 933
1 , 1 56
1, 156
1, 777
2, 040
824
824
1, 216
15,807
4,284
4,278
11,523
13, 664
3, 902
3, 896
9, 762
21
202
202
26
26
176
176
14
14
162
162
31
31
131
131
44
44
112
112
31
81
81
1,664
99
1,662
9 4
1 , 659
9 7
1 , 654
9 9
1 , 650
9 6
1, 646
9 7
56
61
106
64
3, 045
1,738
RAILROAD EQUIPMENT
American Railway Car Institute:
Freight cars:
Equipment manufacturers total
do
Domestic
do
Railroad and private-line shops domestic do
New orders total!
do
Fquipment manufacturers, total
do
Domestic
do
Railroad and private-line shops, domestic do
Unfilled orders end of month, total
do
Equipment manufacturers total
do
Domestic
do
Railroad and private-line shops, domestic. _ do
Passenger cars (equipment manufacturers):
Shipments total
_ _ _
do
Domestic
do
Unfilled orders end of month, total
do
Association of American Railroads:
Freight cars (class !):§
Number owned or leased, end of month
thous__
Held for repairs percent of total owned
Locomotives (class I) :
Diesel-electric and electric:
Owned or leased end of mo No of power units
Serviceable end of month
do
Installed in service (new) quarterly total do
Unfilled orders end of month
do
Exports of locomotives, total (railroad-service and industrial types) J
number..
T
9H <)7'>
27 383
89
119
28 939
27 460
148
190
68
53
68
1 fiOC
8 9
38
23
23
31
28 O i l
27 095
32
122
55
7°
66
l
2
3
Revised.
t> Preliminary.
Preliminary estimate of production.
Excludes data for van bodies.
Excludes registrations for one Stare.
cf Data cover complete units, chassis, and bodies.
ARevisions for 1957 (except for detachable van bodies) are available upon request.
©Courtesy of R. L. Polk <v Co.; republication prohibited. Alaska and Hawaii are included.
^Scattered revisions for woolen and worsted goods production (1958), aircraft export? (1958-59), motor vehicle exports and imports (1958-59), truck registrations (1958-May 1959), freight cat
new orders 0955-59), and for locomotive exports (1959) are available upon request.
§E.\cludes railroad-owned private refrigerator cars and private line cars.
INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40
SECTIONS
General:
Business indicators
Commodity prices
Construction and real estate
Domestic trade
Employment and population
Finance
International transactions of the U.S
Transportation and communications__
1-5
6, 7
7,8
9-11
11-15
16-20
21,22
23,24
Industry:
Chemicals and allied products
Electric power and gas
Food and kindred products; tobacco
Leather and products.
Lumber and manufactures
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and printing
Rubber and rubber products
Stone, clay, and glass products
Textile products
Transportation equipment
24, 25
25, 26
26-30
30,31
31
32-34
35,36
36,37
37
38
38-40
40
INDIVIDUAL SERIES
Advertising
9
Agricultural loans and foreign trade
16,21,22
Aircraft and parts
3,12,13,14,40
Airline operations
.
23
Alcohol, denatured and ethyl
24
Alcoholic beverages
7,9, 26
Aluminum
33
Apparel
2,3,6,7,9,10,12,13,14,15,38
Asphalt and tar products
35,36
Automobiles
3, 9,12,13,14,15,17, 22,40
Bakery products
12,13,14
Balance of payments
21
Banking. _
14,16
Barley
27
Barrels and drums
32
Battery shipments
34
Beef and veal
28
Beverages
3,4,7,9,12, 13,14,15,26
Blast furnaces, steel works, etc
12,13,14
Blowers and fans
34
Bonds, outstanding, issued, prices, sales,
yields
17,19,20
Book publication
37
Brass and bronze
33
Brick
38
Brokers' loans and balances
16,19
Building and construction materials
8,9,10,36
Building costs
8
Business incorporations (new), failures
5
Business sales and inventories
4
Butter
27
Cans (metal), closures, crowns
32
Car-loadings
23
Cattle and calves
28
Cement and concrete products
._ 7,8,38
Cereal and bakery products
6,12,13,14
Chain-store sales, firms with 4 or more and
11 or more stores
___
10
Cheese
27
Chemicals
3,4, 5, 6,12,13,14,15,19, 22, 24
Cigarettes and cigars
7,30
Civilian employees, Federal
12
Clay products
7,38
Coal
3,4,6,11,13,14,15,22,23,35
Cocoa
22,28
Coffee
22,29
Coke
23,35
Communications
12,13,14,15,19, 20, 24
Confectionery, sales
29
Construction:
Contract awards
8
Costs
8
Employment, hours, earnings, wage rates-_
12,
13,14,15
Highways and roads
7,8,15
Housing starts
8
New construction, dollar value.
1,7
Consumer credit
17
Consumer goods output, index
2,3
Consumer expenditures
1,9
Consumer price index
6
Copper
22,33
Com
27
Cost of living (see Consumer price index)
6
Cotton, raw and manufactures
6, 7, 22,39
Cottonseed, cake and meal, oil
30
Credit, short- and intermediate-term
17
Crops
2,6,27,30,39
Crude oil and natural gas
3,11,13,14,15,35
Currency in circulation
18
Dairy products
Debits, bank
Debt, U.S. Government
Department stores
Deposits, bank
DigitizedDisputes,
for FRASER
industrial
.
Distilled spirits
http://fraser.stlouisfed.org/
Dividend payments, rates, and yields
Federal Drug-store
Reserve Bank
sales of St. Louis
2,6,26
16
17
10,11,17
16,18
15
27
2,19, 20
10
Earnings, weekly and hourly
14,15
Eating and drinking places
10
Eggs and poultry
2,6,28
Electric power
3,6,26
Electrical machinery and equipment
3,
4,5,7,12,13,14,19,22,34
Employment estimates and indexes
11,12
Employment Service activities
15
Expenditures, U.S. Government
,
17
Explosives
25
Exports (see also individual commodities)
21, 22
Express operations
_
23
National income and product
1
National parks, visits
24
National security expenditures
1»17
Newsprint
22,37
New York Stock Exchange, selected data
19, 20
Nonferrous metals
7,19, 22, 33
Noninstailment credit
17
Oats
27
Oil turners
34
Oils and fats, greases
6, 29,30
Orders, new and unfilled, manufacturers'
5
Ordnance. __
12,13,14
Failures, industrial and commercial
5
Farm income, marketings, and prices
1 > 2,6
Farm wages
15
Fats and oils, greases
6, 29,30
Federal Government
finance
17
Federal Reserve banks, condition of
16
Federal Reserve reporting member banks
16
Fertilizers
6,25
Fire losses..
8
Fish oils and
fish
29
Flaxseed
30
Flooring, hardwood
31
Flour, wheat
28
Food products
3,4,
5, 6, 9,10,12,13,14,15,18,22,27,28,29,30
Foreclosures, real estate
8
Foreign trade
21,22
Foundry equipment
34
Freight carloadings
23
Freight cars (equipment)
3,40
Fruits and vegetables
6,22,27
Fuel oil
35,36
Fuels
3,6,35,36
Furnaces
34
Furniture
3,4, 6, 9,10,12,13,14,17
Furs
22
Paint and paint materials
6,25
Panama Canal traffic
23
Paper and products and pulp
3,
4, 5, 7,12,13,14,15,18, 22,36,37
Parity ratio
6
Passports issued
24
Payrolls, indexes
13
Petroleum and products
3,
4, 5, 6,12, 13,14,15,19, 22,35,36
Pi g i ron
32
Plant and equipment expenditures
2,19
Plastics and resin materials
25
Plywood, hardwood
31
Population
11
Pork
28
Postal savings
16
Poultry and eggs
2,6,28
Prices (see also individual commodities)
6
Printing and publishing
3,12,13,14,15,37
Profits, corporate
1,18,19
Public utilities
2,3,6, 7,12,13,14,15,19, 20, 26
Pullman Company
24
Pulp and pulpwood
36
Pumps
34
Purchasing power of the dollar
7
Gas, output, prices, sales, revenues
3,6, 25, 26
Gasoline
9,35,36
Generators and motors
34
Glass and products
38
Glycerin
24
Gold
18,21
Grains and products
6,22,23,27,28
Grocery stores
_
10
Gross national product
1
Gross private domestic investment
1
Gypsum and products
.
7,38
Hardware stores
9,10
Heating apparatus
, _ 7,34
Hides and skins
7,30
Highways and roads
7,8,15
Hogs
.
28
Home Loan banks, loans outstanding
8
Home mortgages
.
8
Hosiery
.
38
Hotels
_ 12,13,14,15,24
Hours of work per week
13
Housefurnishings
6,9,10
Household appliances and radios
3,6,9,10,34
Housing starts
8
Imports (see also individual commodities)
21,22
1
Income, personal
Income and employment tax receipts
17
Industrial production indexes:
By industry
2,3
By market grouping
2,3
Installment credit
17
Installment sales, department stores _ .
11
Instruments and related products
3,12, 13,14
34
Insulating materials
—
17,18
Insurance, life
16
Interest and money rates
Inventories, manufacturers' and trade
4, 10,11
Iron and steel, crude and manufactures
3,
4,5,7,8,12,14,19,22, 32,33
Labor disputes, turnover.
15
Labor force
11
Lamb and mutton
28
Lard
28
Lead.
33
Leather and products
3,7,12,13,14,15,30,31
Linseed oil
30
Livestock
2,6,23,28
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit)
8,16,17,19
Locomotives
40
Lubricants
35,36
Lumber and products
3,
4,5,7,8,9,10,12,13,14,18,31
Machine tools
34
Machinery
3,4,5,7,12,13,14,19,22,34
Mail-order sales, catalog
10
Manmade fibers and manufactures
7,39
Manufacturers' sales, inventories, orders
4,5
Manufacturing employment, production workers, payrolls, hours, earnings
11,12,13,14,15
Manufacturing production indexes
2,3
Margarine
29
Meats and meat packing
2,6,12,13,14,28
Medical and personal care
6
Metals
3,4, 5, 7,11,12,13,14,15,19,32, 33
Milk
27
Mining and minerals.__ 2,3,11,12,13,14,15,19,20
Monetary statistics
18
Money supply
18
Mortgage loans
8,16,18
Motor carriers
23
Motor vehicles... 3,4, 5, 7,9,10,12,13,14,15,19,40
Motors
34
Radiators and cpnvectors
34
Radio and television
3, 6, 9,34
Railroads
2,12,15,19,26,23,40
Railways (local) and bus lines
12,13,14,15,23
Rayon and acetate
39
Real estate
8,16
Receipts, U.S. Government
17
Recreation
6
Refrigeration appliances, output
34
Rents (housing)
6,9
Retail trade
4,5,9,10,11,13,14,15,17
Rice
27
Roofing and siding, asphalt
36
Rubber and products.. 3,4,5,7,12,13,14,15,22,37
Rye...
27
Saving, personal
1
Savings deposits
16
Securities issued
19
Services
1,9,12,13,14
Sheep and lambs
28
Ship and boatbuilding
12,13,14
Shoes and other footwear
7,9,10,31
Silk, prices, imports, production
7,39
Silver
18
Soybeans and soybean oil
30
Spindle activity, cotton
,_
39
Steel ingots and steel manufactures
3,32,33
Steel scrap
32
Stocks, department stores
11
Stock prices, earnings, sales, etc
20
Stone, clay, and glass products
3,
4,5,12,13,14,19,38
Stoves and ranges
34
Sugar..
__
22,29
Sulfur
.
25
Sulfuric acid...
24
Superphosphate
25
Tea imports
29
Telephone, telegraph, cable, and radio-telegraph carriers
12,13,14,15, 20, 24
Television and radio
3,6,9,34
Textiles and products
3,
4, 5, 7,1.2,13,14,15,18, 22,38,39, 40
Tin
22,33
Tires and inner tubes
7,9,10,37
Tobacco and manufactures
3,
4, 5, 6, 7, 8,12,13,14,15,22,30
Tractors
22,34
Trade
5,9,10,11,12,13,14,15,17,20
Transit lines, local
23
Transportation and transportation equipment. __ 3,4,5,6,9,12,13,14,15,19,22,23,24,40
Travel
24
Truck trailers
40
Trucks
34,40
Unemployment and compensation
11,15
U.S. Government bonds
16,17,19,20
U.S. Government
finance
17
Utilities
2,3,6, 7,12,13,14,15,19,20, 26
Vacuum cleaners
Variety stores
Vegetable oils
Vegetables and fruits...
Vessels cleared in foreign trade
Veterans' benefits
34
10
29,30
6,22,27
23
15,17
Wages and salaries.
._
_ _ _ 1,2,13,14,15
Washers
34
Water heaters
34
Wheat and wheat
flour.
__
27,28
Wholesale price indexes
6,7
Wholesale trade
4,5,11,12,13,14,15
Wood pulp
36
Wool and wool manufactures__
6,7,22,39,40
Zinc.
33
UNITED STATES
GOVERNMENT PRINTING OFFICE
DIVISION OF PUBLIC DOCUMENTS
WASHINGTON 25, D.C.
PENALTY FOR PRIVATE USE TO AVOID
PAYMENT OF POSTAGE, $30O
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OFFICIAL BUSINESS
First-Class Mail
Survey of Current Business
Volume 41
Numbers 1-6
First-Half 1961 Index
of Special Articles and Features
SPECIAL ARTICLES
No.
1
Developments in the Consumer Market..
Page
13
Personal Income Flow by States in 1960
No.
4
Page
9
Analysis of National Output and Income.
2
3
Foreign Business and Investment
2
16
Business Fluctuations: Influence
Credit Buying and Saving
of Personal
,
14
Pattern of Production and Trade
2
20
Size Distribution of Personal Income, 1957-60.. .
11
Energy Output and Use Related to the Gross
National Product
Retail Trade and Use of Services
22
2
28
Debt Rise in 1960
29
1961 Business Investment and Sales Expectations.
3
11
The U.S. Balance of International Payments....
State and Local Government Activity
3
16
Growth of Foreign Travel
9
16
FEATURES
Recent Price Developments
No.
1
Page
3
Residential Construction and Financing.
Inventory Reduction Underway
1
4
Commodity Transportation
1
6
National Product and
Quarter
Public and Institutional Construction
Record National Income in 1960
1
9
The Balance of International Payments in 1960..
3
5
Production Levels Off
4
4
Inventory Reduction Continues
4
5
Income Off in First
Business Population Rise Extended in 1960
1961 Business Investment
NEXT SUPPLEMENT
Business Statistics, 1961 Edition
Watch for the publishing date which will be announced
in the Survey of Current Business
Orders may be placed with the Superintendent of Documents, U.S. Government Printing
Office, Washington 25, D.C.9 or the nearest U.S. Department of Commerce Field Office.
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5
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