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JUNE 1963
survey of
CURRENT
BUSINESS
U.S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
SURVEY OF CURRENT BUSINESS
VOL, 43, NO. 6
JUNE 1963
U.S. Department of Commerce
Luther H. Hodges
Secretary
Richard H. Holton
Assistant Secretary for
Economic Affairs
Contents
*
*
*
Louis J. Paradiso
Managing Director
THE BUSINESS SITUATION
pAGE
Summary
1
Business Population in 1962 Continues Its Slow Growth
2
Murray F. Foss
Editor
Billy Jo Hur
K. Celeste Stokes
Graphics
Statistics Editor
STAFF CONTRIBUTORS
TO THIS ISSUE
Plant and Equipment Expenditure Anticipations, 1963 Increases Throughout Year Expected, Totaling , Percent
Above 1962
3
Manufacturers Expect Higher Sales and Further Inventory
Accumulation in Second and Third Quarters of 1963
6
Business Review and Features:
L. Jay Atkinson
Francis L. Hirt
Eleanor S. Kear
Genevieve B. Wimsatt
Betty L. Wiseman
Marie P. Hertzberg
Leonard G. Campbell
8
Articles:
ARTICLES
The Utilization of Capital Equipment: Postwar Compared
With Prewar
The Balance of International Payments During the First
Quarter 1963
Murray F. Foss
Carl E. Jones
Michael Sherman
Mary M. Yaffy
Walther Lederer
Etienne II. Miller
17
Foreign Travel Spending Up Sharply in 1962 After Pause in
1961
27
REVISED STATISTICAL SERIES
*
Production of Electric Energy in 1960 and 1961
32
CURRENT BUSINESS STATISTICS
General
S1-S24
Industry
S24-S40
Subject Index
Inside Back Cover
*
*
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U.S. DEPARTMENT OF COMMERCE FIELD OFFICES
Albuquerque, N. Mex., U.S. Courthouse. Phone 2470311.
Anchorage, Alaska, U.S. Post Office and Courthouse.
BR. 2-9611.
Atlanta, Ga., 75 Forsyth St. NW. JAckson 2-4121.
Birmingham, Ala., 2028 Third Ave. N. Phone 323-8011.
Boston, 10, Mass., Room 230, 80 Federal St. CApitol
3-2312.
Buffalo, 3, N.Y., 117 Ellicott St. TL 3-4216.
Charleston, 4, S.C., Suite 201, Marcus Bldg., 6 Broad St.
Phone 772-6551.
Cheyenne, Wyo., 16th St. and Capitol Ave. Phone
634-2731.
Chicago fi, III., 226 W. Jackson Blvd. Phone 828-4400.
Cincinnati 2, Ohio, 36 E. Fourth St. Phone 381-2200.
Cleveland 1, Ohio, E. 6th St. and Superior Ave. Phone
241-7900.
Dallas 1, Tex., Merchandise Mart. Riverside 8-5611.
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273-8234.
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Phone 58831.
Houston 2, Tex., 515 Rusk Ave. CApitol 8-0611.
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Kansas City 6, Mo., 911 Walnut St. BAltimore 1-7000.
Los Angeles 15, Calif., 1031 S. Broadway. Phone 6882830.
Memphis 3, Tenn., 212 Falls Bldg. JAckson 6-3426.
Miami 32, Fla., 14 NE. First Avenue. FRanklin 7-2581.
Milwaukee, Wis., 238 W. Wisconsin Ave. BR 2-8600.
Minneapolis 1, Minn., Federal Bldg. Phone 334-2133.
New Orleans 12, La., 333 St. Charles Ave. Phone 5292411.
New York 1, N.Y., Empire State Bldg. LOngacre 33377.
Philadelphia 7, Pa., 1015 Chestnut St. WAlnut 3-2400.
Phoenix 25, Ariz., 230 N. First Ave. Phone 261-3285.
Pittsburgh 22, Pa., 355 Fifth Ave. Phone 471-0800.
Portland 4, Oreg., 217 Old U.S. Courthouse Bldg.
Phone 226-3361.
Reno, Nev., 1479 Wells Ave. FAirview 2-7133.
Richmond 19, Va., 2105 Federal Bldg. Phone 649-3611.
St. Louis 3, Mo., 2511 Federal Bldg. MAin 1-8100.
Salt Lake City 1, Utah, 222 SW. Temple St. DAvis
8-2911.
San Francisco 11, Calif., Room 419 Customhouse.
YUkon 6-3111.
Santurce, Puerto Rico, 605 Condado Ave. Phone 7234640.
Savannah, Ga., 235 U.S. Courthouse and P.O. Bldg.
ADams 2-4755.
Seattle 4, Wash., 809 Federal Office Bldg. Mutual
2-3300.
By the Office of Business Economies
1 HEeconomy COD tinned to advance correction of the dip in home building
at a brisk pace in May, extending the caused by last winter's bad weather—
broad rise which began in the early the upsurge reflects essentially basic
spring period. Although some special strength in most major economic secfactors are partly responsible for the tors. Consumer buying continues
buoyant character of current business strong, plant and equipment outlays
activity—some steel stockpiling and are moving upward, and government
spending is still on the rise. Following
BUSINESS PLANT AND EQUIPMENT
the decline in the rate of inventory
OUTLAYS FOR 1963
accumulation from last summer through
A Record High Total of $39.2 BUiion Is
the fourth quarter, inventory investAnticipated for 1963- Up 5 Percent From 1962
ment
has moved higher, with part of
Billion $ (ratio scale)
the rise in support of increased levels
50 h- TOTAL NONFARM BUSINESS
of final demand.
At the moment, private investment
40 h
_o
is providing an especially strong stimulus to increased business activity.
This is a particularly noteworthy de30 velopment since changes in domestic
1960 61
62
63
1962
1963
investment in aggregate—including inAfter Declining Last Winter, AH Major Industries
Anticipate a Rise in 2d Half of '63 Compared
ventory change—have contributed little
With 1st Half
to increased output since late 1961.
20
During the current quarter, according
to the OBE-SEC plant and equipment
15
survey discussed below, businessmen
are stepping up their outlays by $1%
billion at an annual rate and expect to
make further increases in these outlays
10
this summer and fall. Housing outlays
this April and May are running some
$1)2 billion higher than the average of
Public Utilities
the opening 3 months of 1963, and
inventory
accumulation in the spring
•
quarter has started off about as high
as the first quarter rate.
Transportation, including rail
_L
1960
61
I
62
Annual Total
. .
,
t
o Anticipated
63
I
I
1962
1963
Quarterly
Seasonally Adjusted
at Annua| Rafe
U.S. Department of Commerce, Office of Business Economics
63 - 6 -
The payroll gain r e f l e c t e d both
higher employment arid longer hours
of work. Seasonally adjusted employment in nonagricultural industries rose
by 170,000 in May; this brought the
expansion since the beginning of the
year to over 800,000, as compared with
the essentially stable level of employment during the latter half of 1962.
One of the features of the recent
trend has been a marked expansion in
the number of workers on manufacturing payrolls, following a contraction
that had persisted after the spring of
1962. In the past 4 months, seasonally
ad j ust cd J i i anu fact uring ei 11 ployment
lias risen 350,000; about three-fourths
of the i n c r e a s e has occurred in
the durable goods industries. The
standout has been primary metals,
where employment has increased 73,000
as a result of the sharp rise in steel
output. It is significant, however, that
while the increase in primary metals
employment accounted for one-third
of the durable goods advance, the
increase in transportation equipment
was nearly as large and a sizable
advance also occurred in fabricated
metals. In fact, all of the major
durable goods industries except ordnance have shared in the upswing in
employment from the beginning of the
year.
Seasonally adjusted hours of all manufacturing production workers averaged
Personal income higher
40.5 per week in May, as compared
Last month, personal income regis- with 40.2 in January and 40.6 in May
tered another good-sized advance, in- of 1962.
creasing to a seasonally adjusted annual
rate of $458 billion, up $2 billion over Unemployment higher for teenagers
The rise in employment since early
April. Once again a rise in private
payrolls accounted for the bulk of the this year has been accompanied by a
gain, with manufacturing wages and substantial increase in the labor force
salaries showing the largest increases. and there has been no significant change
SURVEY OF CURRENT BUSINESS
in unemployment. The seasonally adjusted unemployment rate in May, at
5.9 percent, was up from the two preceding months, and reflected mainly a
rise in unemployment among teenage
job seekers. Not much change has occurred in unemployment rates for adult
males, but there has been some increase
in adult female unemployment.
Industrial production continues
upward
Industrial production continued to
expand in May. The Federal Reserve
seasonally adjusted production index
has now risen 3 percent since February
and is about 5 percent above May a
year ago. Production gains were widespread by industry and featured a large
increase in steel production and a moderate gain in autos and parts. These
two industries accounted for one-third of
the increase in total industrial output
from April to May. The improvement
in capital goods demand was evident
in the increased activity in nonelectrical machinery, fabricated structural steel and trucks, and the business
equipment output index moved to a
new high in the current upturn.
Steel mill operations, after rising
steadily and fairly sharply for the past
3 months to reach the highest output
rate in 3 years, declined slightly in the
last week of May and still more in
early June. The reduction in output
reflected to a large extent cutbacks in
steel ordering for strike-hedge purposes.
From January to April steel fabricating
industries had accumulated 1 million
tons of finished steel (before seasonal
adjustment), as compared with 3 million in the same period last year. Steel
stocks apparently rose further in May
but consumption by metal users has
also advanced, so that the adjustment
in the steel operating rate which now
seems to be under way is likely to be
much smaller than last year's.
Continued brisk sales throughout the
normally high spring selling season resulted in a further rise in the output of
cars and trucks in May, even though
completions were restricted somewhat
by a temporary work stoppage in plants
of a major producer. Passenger car
production schedules in June are pro
June
grammed at 35,000 units per workingday, or well above the May rate and
the highest during the 1963 model year.
struction loans has continued to be a
favorable influence in the housing
picture.
Construction activity higher
First quarter corporate profits
Construction activity has shown a
strong rise this spring under the influence of increased home building. The
largest rises in residential activity this
spring have occurred in the northern
parts of the country, where weather
conditions were unusually severe this
winter and affected construction adversely. In April, private nonfarm
starts were at a seasonally adjusted
annual rate of around 1.6 million units
and building permits were being issued
in large volume. Construction of multifamily units, representing about onethird of total starts, is still high but the
pickup this spring has included 1-family
houses as well. An ample supply of
funds available for morto-ao-es and con-
Preliminary data on first quarter 1963
profits, including inventory valuation
adjustment, point to a modest decline
from the record rate reached in the
final quarter of 1962. The first quarter
is currently estimated at $53.3 billion,
at seasonally adjusted annual rate, as
compared with $54 billion in the previous 3 months. The decline may be
attributable to the fact that fourth
quarter 1962 profits were somewhat
overstated because of year-end accounting adjustments. The data cited above
do not yet reflect changes due to the
new depreciation guidelines and investment tax credit; estimates incorporating
these adjustments will appear in the
July Survey.
Business Population in 1962 Continues Its Slow Growth
The number of operating concerns at
the beginning of 1963 reached 4.8 million, an increase during 1962 of 42,000,
or 1 percent. On a quarterly basis,
after seasonal allowances, the business
population has continued to expand
Table 1.—Number of Firms in Operation,
January 1, 1959-63 and Number of New
and Discontinued Businesses, 1959-62
[Thousands]
ConAll tract Manu- Whole- Retail Servfacindus- consale trade ices Other
tries struc- turing trade
tion
FIRMS IN OPERATION JANUARY 1 '
1959__._
I960— _
1961—.
1962 r_ _
1963*..
404
476
477
473
470
4,583
4,658
4,713
4. 755
4,797
NEW
1959— _
1900—.
1961 r _ _
1962 v. .
422
438
431
430
67
66
62
00
1
323
323
322
317
313
312
317
322
327
332
1,977
1,997
2,011
2,022
2, 032
848
872
895
918
942
658
674
686
698
708
Table 2.—Number of Firms in Operation,
1959-1963
BUSINESSES 1
27
27
25
25
23
24
25
25
161
170
170
168
without interruption for more than a
decade. An estimated 430,000 firms
were started in 1962, and almost 390,000
companies discontinued operations—
about the same experience as in the
latest few years.
Firms in the service, trade and "all
other" (mining, transportation, and
finance) categories continued to increase during last year. Service firms
are expanding the most rapidly, both
in number and in the amount of income
generated. In 1962 service concerns
increased by 24,000—or more than
one-half the overall rise. In the past
4 years, the number of companies has
gone up 94,000, or more than 10 per
cent; national product in the service
82
89
89
91
[Thousands of firms adjusted for seasonal variation]
62
62
61
61
End of quarter
DISCONTINUED BUSINESSES 1
56
64
65
63
1959_.__
346
384
389
1961 _ _
1962 P. . 387
I960—
r
r
27
29
30
29
18
19
21
20
140
157
159
158
59
65
65
67
46
49
50
50
1959
1960
1961
19021963
.. ..
T
I
II
III
IV
4,615
4,690
4,740
4,780
4, 825
4,635
4,710
4.750
4,790
4. 655
4,720
4,760
4.800
4,670
4,730
4,770
'4.815
p
Revised.
Preliminary.
i May not add to total because of rounding.
Source: U.S. Department of Commerce, Office of Business
Economics.
T
Revised.
Source: U.S. Department of Commerce, Office of Business
Economics.
SURVEY OF CURRENT BUSINESS
June 1963
industry has risen appreciably more
than overall real gross national product
during this period.
Trade firms are growing at a slower
rate. During the last 4 years, the
number of retail and wholesale busi-
nesses went up 75,000, or 3 percent.
In contrast, the number of operatingcompanies in the commodity-producing
industries—contract construction and
manufacturing—showed declines in
1962.
This is the second consecutive
year in which the number of contract
construction concerns has decreased.
Manufacturing firms, continuing to
decline from their 1953-54 peak of
331,000, reached 323,000 at the beginning of 1959 and 313,000 in early 1963.
Plant and Equipment Expenditure Anticipations, 1963
Increases Throughout Year Expected, Totaling 5 Percent Above 1962
USING investment in capital goods
is anticipated by businessmen for the
remainder of 1963. Expenditures for
new plant and equipment are now
budgeted on an increasing scale over
a broad range of industries. If present
plans are carried out capital outlays
would set a new record of $39.2 billion
for the year—up 5 percent over the
1962 dollar aggregate.
This latest survey of business capital
spending intentions conducted jointly
by the Department of Commerce and
the Securities and Exchange Commission in late April and early May
indicates little overall revision in expenditure programs since the survey
taken three months earlier. Expansions
in capital budgets over intentions
indicated in the earlier survey, however,
were noted in the iron and steel and
electrical machinery industries and
among transportation, communications
and commercial firms.
Quarterly trends
Expenditures for new plant and
equipment are expected to expand
about $1% billion per quarter, at
seasonally adjusted annual rates, from
the actual outlays of $37 billion in
the opening 3 months of 1963. These
anticipations imply spending in the
amount of $38K billion in the current
quarter, $40 billion in the third quarter
and $41% billion in the closing 3 months
of the year. If the fourth quarter rate
is achieved, fixed investment will have
risen about a tenth from the comparable
period of 1962, and nearly a fourth
from the low of $33X billion in the
second quarter of 1961. The latter
advance is smaller than the gain in the
10 quarters following the investment
troughs in 1949 and in 1954 but greater
than in the recovery from the 1958 low.
The expected rise in capital outlays
for the rest of 1963 is a resumption of
the 1961-63 recovery trend following
moderate declines in spending in the
fourth quarter of 1962 and first quarter
of this year. The slowdown in investment in the first quarter had been
forecast in earlier surveys, but actual
expenditures fell $1 billion, at a seasonally adjusted annual rate, below
anticipations. Only in exceptional cases
were industry expenditures during the
late winter larger than expected 3
months earlier, with severe weather
conditions probably an important factor
in the declines. However, revival from
the first quarter rate is expected in the
preponderance of industries. Exceptions are transportation equipment,
electrical machinery, and mining industries where quarterly capital expenditures, on a seasonally adjusted basis,
will hold steady through the year.
Advance anticipated in 1963 less than
in 1962
The 5-percent rise in business spending for new plant and equipment
projected for 1963 compares with an
actual gain of 9 percent in 1962 over
the 1961 low of $34% billion. The
drop-off in the rate of increase centers
in the nonmanufacturing industries.
The communications-commercial group,
which has been the strongest sector in
the investment picture since 1957, is
budgeting a 7-percent rise in 1963 as.
compared to a 13-percent increase
last year.
Both mining and nonrail transportation firms are now planning cutbacks
in capital spending from last year as
against an increase from 1961 to 1962.
Public utilities plans for 1963 indicate
little change from either 1961 or 1962.
In contrast, manufacturers anticipate raising their expenditures for new
plant and equipment about 6 percent
in 1963 or at about the same rate as in
1962. Both the durable and nondurable
Table 3.—Percent Change in Plant and
Equipment Expenditures, 1961—63
Actual
1961-62
Actual 1962Anticipated 1963
as reported in :
February
All industries.
May
9
5
5
7
7
6
12
11
10
3
3
2
Mining
10
-6
-6
Railroad
27
13
27
12
_i
-11
-8
3
2
13
6
7
Manufacturing
Durable goods industries
Nondurable goods industries
Transportation, o t h e r
than rail
. ..
Public utilities
Communication, commercial, and other
Sources: U.S. Department of Commerce, Office of Business
Economics, and Securities and Exchange Commission.
SUEVEY OF CUEEENT BUSINESS
goods groups expect about the same rate plant and equipment, which are being
of increase this year as achieved in 1962. bolstered by rising sales and the tax
Historically, rapid expansion of in- reducing effects of liberalized depreciavestment has been associated with tion rules and the investment tax credit,
strong surges in spending by industrial are generating backlogs of orders for
firms and particularly by the durable producers of machinery, equipment,
goods industries. These industries had construction firms and their suppliers.
paced the declines in 1958 and 1961 Given the likely course of gross national
and had shown lesser degrees of recov- product this year, however, only slight
ery than other business groups up until improvement is indicated in the relative
the end of last year. For this year hard lag of investment behind the expansion
goods producing companies are expect- in general activity which has characing an advance of one-tenth—the larg- terized recent years.
est relative increase among the major
Despite the rise in overall economic
industry groups (except for the rail- activity, capacity is still ample in most
roads).
areas, and this factor plus the desire for
cost
cutting, results in a high proporFactors in current investment
Fixed investment, as revealed in the tion of replacement outlays in the curcurrent survey, will be an expansionary rent investment demand. Outlays for
force this year in the general business capacity additions are still of sufficient
7
advance but will not be of boom pro- magnitude to yield net capacit} inportions. Plans for acquisition of new creases, however, while innovations emMANUFACTURERS' FIXED CAPITAL OUTLAYS
Most Major Industries Are Planning Higher Investments
This Year at Rates Close to 1957 Records
Billion $
4
3
-
2
-
1
-
Billion $
-x^^_^°1 1 i i i 1 i i i1 i i i 1 i i t 1
0
3
2
4
PETROLEUM
PRIMARY METAL
CHEMICALS
MACHINERY, EXC. ELECTRICAL
—
-
1
1 i i i i 1 i i i 1 i i i 1 i i i 1
0
2
MOTOR VEHICLES
PAPER
T
J
M i i l l ii i \ ' i i 1 i i t 1
0
2
1
ELECTRICAL MACHINERY
TEXTILES
-
0
1
1
1957
Annual
1
1
1
I960
1
1
1
i 1
1961
1
!
1 i
1962
!
I 1
1
1963
Quarterly, Seasonally Adjusted, at Annual Rates
O Anticipated
U.S. Department of Commerce, Office of Business Economics
1957
1960
1961
1962
1963
Annual Quarterly, Seasonally Adjusted, at Annual Rates
Data: SEC & QBE
63-6-2
June 1963
bodied in "replaced" equipment are
further enhancing output capabilities.
Manufacturers9 programs
Expenditures for new plant and
equipment by manufacturers are expected to rise from $14.7 billion in 1962
to $15% billion this year—or just under
the record $16 billion in 1957. The
projected fourth quarter seasonally adjusted rate of capital outlays, however,
would be about a fifth above the 1961
low—a somew^hat smaller rise than for
business fixed investment as a whole.
Durable goods companies are programing investment of nearly $8 billion
for the year. Schedules call for substantial increases through the third
quarter with little further change now
indicated for the closing 3 months of
1963. Several of the major industries
in the group have programed a flattening out of the rate of expenditures
in the fourth quarter. (See chart.)
Iron and steel producers' capital
budgets currently show a rise of a sixth
in new investment over the 1962 total.
At this time last year a substantial rise
was also indicated, but actual outla^^s
in 1962 fell below those of the preceding
year. The $1% billion planned for new
steel-making facilities this year is about
the same as the industry reported as its
expectations 3 months ago.
Both motor vehicle and other transportation equipment manufacturers are
scheduling substantial rises in capital
outlays this year to extend their stronguptrend of last year. The programed
purchases of new plant and equipment
by automobile firms will fall short of
previous record rates. Current schedules indicate some easing in the fourth
quarter from summer rates.
Electrical and nonelectrical machinery manufacturers see little change in
capital spending from 1962 to 1963.
Electrical equipment companies are
planning to hold expenditures at record
1961-62 rates. This industry—counter
to the general trend for manufacturing—has had strong investment programs in recent years. Although a
substantial proportion of the equipment of nonelectrical machinery companies has been characterized as
SURVEY OF CURRENT BUSINESS
June
"over-a<i'e," t h e industry is planning to
cut outlays for 1963 a little below the
SIM billion total for 1962.
While expenditures for the nondurable goods group as a whole will
probably show a modest rise for 1963,
there are wide variations in programs
among the component industries. (See
chart.) On the up side are textile and
chemical firms. For the former, this
year's expected rise of one-sixth in
capital spending is in addition to an
increase of nearly a fourth last year.
Chemical companies are projecting a
steady uptrend in investment throughout 1963 which would result in a rise
of about a tenth over the 81/2 billion
spent in 1962. This projected expansion is in contrast to the last year's
decline in outlays.
This year both petroleum and rubber
companies are planning cutbacks of
about 5 percent from 1962. Both
industries, however, are looking for-
new high. Spending is expected to be
about the same in the second quarter as
in the first and then to move sharply
upward during the second half. If the
projected fourth quarter rate is achieved
outlays at yearend will be nearly twothirds larger than at the 1961 low.
Finance firms also are planning new
highs in outlays as modernization programs and suburban expansion are
continued.
Expanding demand for all types oi*
communication services is prompting a
substantial rise in expenditures for new
facilities by companies in this field over
the $3% billion spent last year. Growth
in this industry has been substantial
and continuous except for a mild
cutback during the 1958 recession.
ward to larger spending in the second
half than in the first.
Manufacturers of food and beverages
and paper expect spending for new
facilities in 1963 to hold close to 1962
amounts.
Commercial and communications
investment continues rise
The commercial and communications industries, which have constituted
the bulwark of business fixed investment in recent years, are continuing to
expand their capital budgets—although
at a slower pace than last year. Planned
expenditures of more than $14 billion
for the two groups will set new records.
Within the year, outlays are scheduled
to rise from a seasonally adjusted annual rate of $13.2 billion in the first
quarter to a rate of $15/4 billion in the
final 3 months of 1963.
Within the commercial group retail
trade continues to set the pace, with
1963 expenditures scheduled to reach a
Public utilities programs up a little
Public utility companies are now
planning to spend $5.6 billion on new
facilities during this year, or 2 percent
(Continued on paye 32)
Table 4.-—Expenditures for New Plant arid Equipment by U.S. Business,1 1961-63
[Billions of dollars]
Quarterly, unadjus ed
Annual
1961
19'i 1
1962
1963 *
I
II
I
1963
1902
III 1 IV
1
LI
I
111
IV
I
II
2
Quarterly, seasonally adjusted annual rates
1961
;
III
2 I
III
II
I
1962
!
IV
I
II
1963
III
IV
I
112
III 2
ALL INDUSTRIES
34.37 37. 31 39.24 7.57 8.61 8.65 9.54 8.02 9.50 9.62 10.18 8.25 9. 84 10.09 33.85 33. 50 34.70 35. 40 35.70 36. 95 38. 35 37.95 36. 95 38. 40 39. 95
Manufacturing industries
13. 68 14. 68 15. 56 3.00 3.46 3. 34 3.88
Durable goods industries
Primary iron and steel
Primary nonferrous metal
Electrical machinery and
equipment
Machinery, except electricalMotor vehicles and parts
Transportation equipment,
excluding motor vehicles. ~
Stone, clay and glass
6 27
1.13
. 26
Nondurable goods industries _
Food and beverage
Textile
Paper
C hemical
Petroleum and coal
Rubber
Other nondurable goods *
7.08
1. 10
.31
L28
.42
1.27
.83
1.22
.90
,38
. 51
1. 45
.47
. 58
1. 79
2.08
7.40
.98
. 50
.68
1.62
2. 76
22
'.65
7. 65
. 99
.61
Mining
Railroad
3.14 3.69 3.72 4.13 3.27 3. 93 3.91 13.75 13. 50 13.65 14.00 14.20 14.45 15. 05 15. 00 14.85 15.35
1.41 1. 58 1. 50 1. 79 1.44
. 2<S .28
. 07 .07
. 26
.06
.30
.07
!6o
•s
17
9()
14
16
9'")
!l5
.28
.20
.09
. 11
.30
. 10
. 12
.36
99
1-79 2.03 1.62 1. 96 1. 9-li 6. 5(
.31! .23 .31 .35| 1.35
'.08 .10! .09 . 10 . 10
. 30
6. 20
1. 05
. 25
6. 10
1. 10
6. 40
1. 10
6. 55
LOO
.25
6. 95
1. 10
.30
70
1. 15
. 80
15.80
1.' 20
.30
7.30
1.10
.35
7.35
1. 05
.40
7.65
1.20
.40
65
1.30
.80
70
1. 25
.85
75
1. 20
. 90
7fl
7a
1. 30
85
1. 25
- 95
1. 20
95
.40
.40
.50
.50
. 55
7.60
•?*
.00
.70
1.70
2.85
7. 50
1. 00
.60
.70
1.55
2.70
7.80
1. 00
. 65
. 70
1.50
3.10
9 8^
7.50 7.70
. 95
.95
. 65
.70
. 65 .70
1.60 1. 65
2. 80 2.75
7. 95
1.40
.40
17
17
. 32 . 28
9")
. 25
70
1. 15
. 70
70
65
1. 10
. 80
1. 05
. 70
1.15
.80
. 14
. 14
51
. 40
.40
. 3f
7. 25
. 95
. 50
. 75
1.50
2. 70
7.30
.90
. 45
.70
1.00
. 156
2. 88
!23
. 66
7.84 1. 59 1.88 1.84 2. 09 1. 69 1. 92 1. 93 2.10 1. 65 1. 97 1. 96
. 26
22 . 2(5 . 24
27 . 22
. 97 .23 . 25 . 24
12 '. 14 '. 13 . 16 . 15 . 17 ! 15 . 18 .18
. 12
. 71 ! 16 . 17 ". 16 . 18 .15 . 18 . 18 .20 . 14 .17 . 19
.37 .43 .36 .42 .41
1. 71 .33 . 42 .40 .46 .37
. 76 .80 . 59 . 70 . 09
. 56 .70 . 70 .80 . 62
99
06
.05 .05 .06 . 07 '. 05 .06 . 06 .00 .05 . 05
.16 .18 . 14 . 18 . 16 . 18 . 15 . 19 .19
'.74 .14
tfi
1. 65
2. 85
7.60
1.05
.50
.70
1. 65
2.80
.98
1.08
1.02
.21
.26
.25
.26
.26
.27
.28
.27
.24
.26
. 26
$95
1.00
1.00
1.00
1.15
1.05
1.10
1.00
1.05
1.00
1.05
.67
.85
1.08
.17
.18
.16
.16
.16
.26
.24
.20
.21
.30
.26
.70
.70
.65
.60
.70
.95
1.00
.80
.90
1.05
1.10
Transportation other than rail
1 85
2.07
1.90
.41
.48
.47
.50
.47
.60
.50
.50
.39
5*
. 49
1. 75
1.80
1.90
1.95
2.05
2.25
2.00
1.90
1.70
1.95
2.00
Public utilities
5.52
5.48
5.61 1.09 1.39 1.50 1.54 1.06 1.37 1.54 1.52 1.04 1.43 1. 55
5. 35
5.50
5.65
5.55
5.15
5.40
5.75
5.45
5.20
5.55
5.80
Communication
3.22
3.63
3.15
3.20
3.35
3.70
3.65
3.60
3.60
3.55
Commercial and other 5
8.46
9.52
f 3.20
U. 40 3. 62 \
[ 8.15
2.04 2.16 2.32 2.06 2.37 2.48 2.60 2.26
7.90
8.60
9.00
8.75
9.25
9.85 10.20
9.65
. 69
1. 10
!oo
:i«
:??
.36
9]
.'21
. 17
•V
99
.11
.09
. 12
.38
.11
. 16
.44
.13
.14
.44
. 16
.43
-\~
. 35
. 19
.15
.16
. 12
. 13
44
.14
. 16
r
, )9
:S
il4.07
j.75
[l.94
.81
.78
.88
.88
.93
.87
.95
.85
7f>
:S
. 40
fin
. 55
7.70
1.00
. 65
75
L 50
. 60
7.85
1.00
'.75
1.70
2.70
Il3.45 14.25
1. Data exclude expenditures of agricultural business and outlays charged to current account.
2. Estimates are based on anticipated capital expenditures reported by business in late May 1963. The estimates for the second and third quarters of 1963 have been adjusted when
necessary for systematic tendencies in anticipatory data.
3. Includes fabricated metal, lumber, furniture, instrument, ordnance, and miscellaneous industries.
4. Includes apparel, tobacco, leather, and printing-publishing.
5. Includes trade, service, finance, and construction. The anticipated expenditures and the seasonally adjusted data also include communication.
NOTE: Details may not add to totals due to rounding. Data for earlier years were published in the June 1956, March 1958, 1960, 1961, and 1962 Survey of Current Business.
Sources: U.S. Department of Commerce, Office of Business Economics, and Securities and Exchange Commission.
Manufacturers Expect Higher Sales and Further Inventory
Accumulation in Second and Third Quarters of 1963
1VL
LANUFACTURERS expect a substantial sales advance and a relatively
large inventory accumulation in the
current quarter. Both of these increases are greater than in either the
opening quarter of 1963 or the last two
quarters of 1962. The latest survey of
expectations, conducted by the Office of
Business Economics in May, also finds
that producers look forward to further
increases in sales and inventories in the
third quarter, although at more moderate rates. With sales and inventories
expected to advance roughly in unison,
stock-sales ratios should remain relatively stable at 1.7 months of sales—a
rather low ratio which has persisted
since February 1962.
Successive new highs in sales projected
Sales of $104}£ billion are anticipated
in the second quarter and $106 billion
in the third, after seasonal adjustment—
with both quarters setting new records.
If current expectations eventuate, quarter-to-quarter gains will be 3 percent
and \% percent, respectively, compared
to a rise of less than 1 percent in the first
quarter of 1963.
Factory shipments as currently projected for the first 9 months of 1963 are
5 percent above the January-September
1962 period and about 10 percent above
the cyclical peak of 1960. Prices have
been relatively stable so that sales primarily reflect increases in the physical
volume of deliveries.
Manufacturers have raised their
sights since mid-winter. The leveling
in demand for manufacturers goods in
the second quarter formerly predicted
by both hard and soft goods producers
has now given way to expectations of
considerably higher volume. First
quarter sales gains proved slightly above
expectations submitted in February.
Current sales anticipations are substantiated by the brisk advance in shipments during April. They also reflect
the $2y2 billion rise in unfilled orders
6
during the winter months, and the further increase of almost $1 billion in
April, following a ye&r of persistent
decline in orders backlogs.
lowances. Both transportation equipment and machinery producers expect
higher shipments through September.
A 2-percent advance, seasonally adjusted, is projected by nondurable goods
Durable goods shipments strong
companies for the current quarter and a
Manufacturers of durable goods cur- 1-percent advance from the second to
rently expect a 4-percent rise in ship- the third quarter, with all major indusments from the first to the second tries participating in the expected exquarter and a 2-percent gain during the pansion. Factory shipments had risen
third quarter, with both quarters setting- 1 percent in the first quarter, or at a
new records. The anticipated upswing- slightly higher rate than in the second
follows a leveling in shipments since half of 1962.
mid-1962. Stockpiling by metal fabriThe current cyclical upswing which
cators is a major sales stimulant to the began in March 1961 will be in its 31st
steel producers in the current quarter, month by September, with sales gains
although the industry expects a decline equaling 30 percent for durable and
in sales this summer, after seasonal al- 15 percent for nondurable goods proMANUFACTURERS' SALES AND INVENTORY EXPECTATIONS
® Increases in Sales and Inventories Projected for 2d and 3d Quarters of 1963
® Rise Expected Mostly by Durable Goods Producers as Backlogs Mount
DURABLE GOODS MFRS.
Billion $
NONDURABLE GOODS MFRS.
Billion $
50
40
April
40
30
Unfilled Orders
30
20
20
10
10
® Stable STOCK-SALES RATIOS Anticipated
Ratio
2.5
2.0
R atio
2.0
, ^^~^
I
1.5
1959
1
60
1.5
1
61
1
62
1
63
1959
I
60
1
61
1
62
63
1.0
Seasonally Adjusted
O Anticipated
Note. Unfilled Orders and Inventories, end of quarter; Sales and Stock - Sales Ratios, quarterly average.
U.S. Department of Commerce, Office of Business Economics
63-6-3
June 10(>3
ducers. While the duration has exceeded the 25-month previous upturn
from April 1958 to May 1960, the gains
through this September will about
equal those experienced by durable
and nondurable goods producers in the
previous recovery.
Inventory accumulation to increase
Manufacturers' inventory book values
are anticipated to reach $59% billion by
September 30 of this year. Producers
expect to add $900 million to stocks
during the quarter ending June 30, and
another $600 million in the subsequent
quarter, after seasonal adjustment.
Inventory accumulation in the openingquarter of 1963 totaled $% billion.
Although the expected inventory
buildup of $2 billion during the first 9
months of 1963 about equals that of
January-September 1962. the quarterto-quarter changes are expected to
fluctuate considerably less than those
which resulted from the bunching and
subsequent curtailment in stockpiling
which typified 1962.
The enlarged inventory additions
expected this spring and summer are
coupled with anticipated increases in
fixed business investment at annual
rates of $1% billion per quarter (reported earlier in this issue). Hence, if
current plans are realized the gross
national product will receive a dual
stimulant from the component of business investment, absent since mid-1962.
Durable goods producers expect to
add $700 million to their stocks in the
current quarter and an additional $500
million in the third quarter, after
seasonal adjustment—accounting for
four-fifths of the projected rise in total
factory stocks. By September the
book value of durable goods producers7
stocks is anticipated to reach $34.1
billion, as compared to $32.7 billion at
the end of September 1962.
Steel producers indicate an intent to
expand stocks in the current quarter
reversing the retrenchment of the past
year. Also large additions to inventories are planned through September
in the machinery and transportation
industries, where a considerable accumulation of steel is now underway.
Nondurable goods producers plan
more moderate additions to their inventories—$200 million in the current
SUKVEY OF CURRENT BUSINESS
quarter, and $100 million in the third.
The expected additions are smaller
than the $275 million added in the
closing quarter of 1962 and again in
the opening quarter of this year. The
September book value of nondurable
goods producers' inventories is estimated to be $25.3 billion, up $850
million from a year earlier.
The indicated book value of inventories next fall will continue to seem
conservative in relation to expected
sales as measured by correlations between inventories and lagged sales, or
stock-sales ratios in advanced stages of
earlier economic recoveries.
Manufacturers holding 15 percent of
total inventories classified stocks as
"high" in March 1963 relative to their
sales and unfilled orders position. (See
table 6.) The "about right" category
was 82 percent, the "low" 3 percent.
These ratios have changed little in the
past year.
Among the durable goods manufacturers the "high" proportion of stocks
in March was 17 percent, unchanged
from December 1962 although slightly
lower than in the three earlier quarters
of last 37ear. Nondurable goods producers categorizing their stocks at the
end of March as "high" held 12 percent
of total stocks, up 1 percent from
December 31, and 3 points from a year
earlier. The "low" category accounted
for 2 percent and 3 percent, respectively, of durable and nondurable goods
inventories.
Table 5.—Manufacturers' Inventories and Sales: Actual and Anticipated
[Billions of dollars]
19 )()
I
19 51
19 52
1963
11
111
IV
I
11
III
IV
1
II
III
IV
I
Hi
54.9
32.2
22. 7
54.3
31.6
22. 7
53.9
30.8
23. 1
53. 8
30.8
23.0
53.6
30. 5
23. 1
53. 8
30. 6
23. 1
55.2
31. 2
24. 0
56. 9
32. 7
24^ 2
57.1
32. 9
24. 2
56.8
32. 5
24. 3
57.2
32. 3
24. 9
58.3
33. 3
25. 0
59.0
33.9
25. 1
59.1
33.9
25. 1
55.1
32 2
22.9
54.7
31. 8
22.9
53.7
30. 9
22.9
53.3
30. 3
23^0
53. 4
30. 2
23. 2
54.4
31. 1
23^3
55.2
31. 5
23^7
56.6
32. 4
24^2
56.9
32. 6
24'. 3
57.2
32. 7
24^4
57.4
32. 7
24! 7
57.9
32. 9
25^0
58.8
33 6
25^2
59.4
34. 1
25.3
93. 2
46.0
47.2
89.7
41.7
48.0
89.5
42.6
46.9
86.4
39.7
46.6
93.1
44.9
48.2
92.5
42.9
49.5
96.8
47.0
49.8
96.6 101.8
47.0 50.5
49.6 51.3
99.1 106.7
47.9 53.2
51.2 53.5
105.0
50 4
54.6
92.8
45 0
47.8
90.7
43.6
47.1
88.0
41.5
46.5
87.2
40.2
47. 1
91.7
43.4
48.3
93.8
44.8
49.1
96.3
46.5
49.8
98.1
47.8
50.3
99.9 100.4 100. 7 101.5 104. 6
48. 7 49.0 49.0 49.2 51.2
51.3 51.4 51.7 52,4 53.4
106.1
52.2
53.9
III i
Inventories, end of
quarter
Unadjusted
All manufacturing.. 54.7
Durables
32. 1
Non durables
22.6
Seasonally adjusted
All manufacturing- . 54. 3
Durables
31 8
Nondurables
-- 22.6
Sales, total for quarter
Unadjusted
All manufacturing. . 92.5
Durables
45.9
Nondurables _ _ . ... 46.6
98.8 101.9
47.0 49.9
51.9 52.0
Seasonally adjusted
All manufacturing.- 93.5
46.3
Durables
Nondurables
47.2
1. Anticipations reported by manufacturers in May. Inventories have been corrected for systematic tendencies in
anticipatory data.
Source: U.S. Department of Commerce, Office of Business Economics.
Table 6.—Manufacturers' Evaluation of the Condition of Their Inventories
Durable
Total
High
March 31, 1960
June 30 I960
September 30, 1960
December 31 I960
-_
March 31 1961
June 30 1961
September 30, 1961
December 31 1961
- -
March 31 1962
June 30 1962
September 30 1962
December 31 1962
-
March 31 1963
- --
__ _ _ __-
Low
High
About
right
Nondurable
Low
1
Low
High
About
right
20
26
20
22
71
78
77
3
3
2
1
31
35
29
28
67
63
70
71
2
2
1
1
39
42
36
32
60
57
63
67
22
18
12
12
77
81
86
86
1
1
2
2
24
19
13
13
75
80
85
85
2
2
19
16
10
11
80
82
87
86
1
2
3
3
82
85
83
84
2
1
2
2
21
18
18
17
78
SI
81
82
1
1
1
1
9
9
11
11
89
89
86
86
2
2
3
3
82
3
17
81
2
12
85
3
. -_
_._
16
14
15
14
-
---
15
_ -
About
right
l
1. Condition of actual inventories relative to sales and unfilled orders position as viewed by reporting companies. Percent
distribution of inventory book values according to company's classification of inventory condition.
Source: U.S. Department of Commerce, Office of Business Economics.
BY MURRAY F. FOSS
The Utilization of Capital Equipment:
Postwar Compared With Prewar
NTCI1EASES
IN,
in output per unit of
input over the long run have been attributed to many factors, such as the
increased skill and education of labor,
the increase in management knowledge,
and the greater efficiency of new and
existing machines resulting from technological and scientific advances. One
element of importance which is related
in part to some of the above factors
has been the more intensive utilization
of capital equipment in the postwar
period as compared with prewar. This
article is concerned with the measurement and significance of changes in
hours worked by machinery and equipment in some major sectors of the
American economy over this period.
This particular problem has received
relatively little attention as a subject
for serious investigation. 1 The topic is
of particular interest at present in view
of the recent appearance of major
theoretical and statistical studies in
this general area. The analysis and
results in this article should be viewed
as exploratory in character since at
this time the basic data required for a
definitive study are rather limited.
Most of this stud}^ deals with hours
worked per annum by equipment in
manufacturing, in particular, with
changes from 1929 to the mid-1950's.
It finds that for the bulk of equipment
in this important industry division there
has been an increase on the order of
one-third to one-half in the utilization
1. See Robert M. Solow, "Technical Change and the Aggregate Production Function," Review of Economics and
Statistics, August 1957; Edward F. Denison, "The Sources of
Economic Growth in the United States" (Committee for
Economic Development 1962) p. 97. Charles L. Schultze in
"Some Effects of Changes in Working Hours on Investment,
Output and Real Wages," a paper presented in September
1956 at the American Statistical Association meetings in
Detroit, dealt with this problem mainly in terms of changes
in multiple-shifting since the turn of the century.
rate over this period. No attempt has there has been a definite tendency
been made to present similar estimates toward multiple-shift operations 2—a
for the entire stock of fixed capital development that may have been stimualthough the manufacturing experience lated to some extent by the premiumis by no means unique: the upward shift pay-for-overtime provisions instituted
in equipment utilization lias appeared by the Fair Labor Standards Act of
in other industries which have been 1938 and even by the XRA. The
examined, w h e t h e r or not their capital World War II experience must have
stock is growing or declining.
constituted a powerful stimulus to mulAn average unit of generating equip- tiple shifting and it is reasonable to
ment in electric utilities in the mid- assume that the experience acquired by
1950's worked about 60 percent more many firms during the war with twohours per year t h a n in the decade of arid three-shift operations was carried
the 192(rs. In mining, exclusive of over into the postwar years of highpetroleum, an average unit of ma- level demand. In fact, some of the
chinery driven by electric motors worked illustrations used in this article suggest
about one-fifth more hours in 1955-57 that the major change in relative equipthan in 1929. While there has been no ment utilization took place during and
change in relative freight car use over immediately after World War IT, and
this period, each locomotive in freight that changes since then (aside from
service is working about 20 percent more cyclical movements) have been relahours, and locomotives in passenger tively small.
service, which have undergone a drastic
Also of importance over the long-run
decline in numbers, are working about has been the advance in knowledge
two-thirds more hours per unit per acquired by management in making
year than they did in the 1920's. In more efficient use of machines. One
general, the shift away from railroads example of this has been the efforts by
toward trucking and pipelines has been many firms to smooth out within the
one in which capital is used with greater year the production peaks which come
intensity.
from seasonal or other short-lived peak
A comparison of the 1920's, particu- loads and which frequently entail the
larly 1929, with the mid-1950's is use of standby equipment with relaconsidered to be a valid one in analyzing tively low annual utilization. The suclong-run changes; both were periods of cess of the electric utilities in making
high output and high relative resource more intensive use of capacity needed
utilization. To the extent that 1929 for peak loads—referred to further on—
may differ from 1955 for cyclical has been outstanding. Moreover, it is
reasons, however, some of the long-run probably safe to say that over the long
change in equipment hours presented run, there has been a relative reduction
here may be overstated.
in "downtime" for equipment repairs.
It has not been possible to demon- The diesel locomotive is an excellent
strate why these increases in relative example of an innovation that has been
equipment use have come about or to successful in no small measure because
quantify the factors underlying the
apparent changes, but a few reasons can
2. As suggested, for example, by William Fellnerin Trend
at least be suggested. For one thing, and Cycles in Economic Activity, New York, 1956, page 92.
June 1963
9
SURVEY OF CURRENT BUSINESS
An adjustment for capital's contribuit has required relatively less time-out
tion,
due to increased equipment-hours
for repairs and has thus increased the
worked
per year, would be analogous
available working time for locomotives.
to
the
adjustment of the labor inWithin particular industries there
put—'number
of persons employed—
have undoubtedly been efforts to introfor
changes
in
labor-hours per year.
duce continuous, automatic operations
Possibly
not
all
of
the increased equipin which machines tend to be used with
ment-hours
should
be so handled but
a high degree of intensity. Moreover,
that
part
attributable
to the advance
there has probably been a change in
in
multiple-shift
operations
woirid seem
product mix toward industries in which
to
warrant
such
treatment.
continuous operations are important—
According to the second view, the adaluminum, refined petroleum, chemivance
in hours worked by equipment
cals, and electric power are important
should not be considered as an increase
examples that may be cited.
in the input of capital, which is bettor
measured by capital in place. Instead,
Significance of findings
it should be looked at as the result
What significance can be attached to (measurable in part) of certain forces
the increase in hours worked by equip- that have contributed to a rise in total
ment? First of all, it is important to factor productivity over time: the adkeep in mind a few of the major findvances in management efficiency, for
ings that have emerged from recent
studies of productivity and economic example, that have grown out of the
experience gained from working with
machinery, and from engineering
studies within the plant; and the gains
from science and research as "embodied" in new machines of advanced
technology. It may be that the first
of these elements—the "advance in
management knowledge"—bulks large
as an explanatory factor in the increase
in equipment hours since one of the
focal points of management has been
the reduction of idle equipment tune.
But increased management knowledge
provides only part of the answer since
it is likely that many of the new technologies incorporated in modern machinery go hand in hand with longer
hours for equipment; this seems to be
a distinguishing characteristic of many
new processes that are labeled "continuous."
With capital input measured b}^ stock
of capital in place, a lengthening of
growth. Total output, it has been
COTTON SPINDLES
found, has risen at a faster rate than
3
Long Run Decline in Spindles in Place
has the weighted total of factor inputs.
Rise in Total Spindle Hours Since the 1920's
Although measured in various ways, in
Millions
all cases this residual portion of growth—
in "total factor productivity" or output per unit of input—lias been very
substantial and a quantitative explanation of the many and varied sources
which may account for it is difficult. 4
Furthermore, as it has been measured
in the framework of such studies, the
contribution of the growth of fixed
capital to the increase in total output
has been found to be of relatively small
magnitude.
Against this background, a rise in
equipment hours per year from prewar
to postwar may be viewed in two ways.
1922 25
On the one hand, it might signify that
the contribution of fixed capital to longThousands
run output growth is greater (and proFIV E YEAR AVERAGES
ductivity correspondingly less) than has
HOI RS PER YEAR PER
been calculated in previous investigaspirsIDLE IN PLACE
tions. This is because characteristically
4 the changes in the input of fixed capital
have been measured by the real volume
of capital in place, without adjustment
2 for changes in intensity of use.
Reflects Step-Up in Annual Hours Per Spindle
Billions
140
-
120
H 100
80
60
' ''*•:
^
3. See, for example, John W. Kendrick, "Productivity
Trends in the United States," National Bureau of Economic
Research, Princeton, 1961.
4. See Denison's study for a comprehensive analysis of the
sources of U.S. growth.
687112—63
[ A...t...k..l...J_
1925-29
\
f
1...1...1.
30-34
< ? ,l...t...l.
35-39
,h i r L.i. 1 i. .L...I.. . * ' t L,,t,J~L i ...*... i.. .1
40-44 45-49 50-54
55-59
-t
1
I
!
! .
Basic data: Census
U.S. Department of Commerce. Office of Business Economics
SURVEY OF CURRENT BUSINESS
10
equipment hours per year is clearly a
development of a capital-saving nature.
In this connection, this shift may be a
partial explanation for the observed
decline in capital-output ratios from
1929 to 1955.
The pages that follow discuss in detail the basic data used to demonstrate
changes in equipment hours per year
in manufacturing and mining, and in a
few other industries for which statistics
pertaining to some important types of
equipment were readily available.
Manufacturing
Labor hours of work per year have
shown a fairly steady decline since the
latter part of the 19th century; from
1909 to 1957 they declined from about
2,700 hours per annum to less than 2,100
hours. In manufacturing they fell
from 44 to 40 per week from the 1920's
to date. But hours of labor do not
necessarily provide a reliable indication
of machinery-hours. In principle, a
40-hour week for labor can be consistent with 40, 80, or 120 hours a week
for a machine, depending on whether
1, 2, or 3, 40-hour shifts are employed.
To illustrate the use of machinehours data, we can look at the cotton
textile industry, from which the Bureau
of the Census has been collecting
monthly statistics on the number of
cotton spinning spindles in place and
the number of spindle-hours operated
for approximately the past 40 years.
For this type of equipment there was a
37 percent decline in the number of
spindles in place from 1929 to 1956, but
an 88 percent increase in hours worked
per spindle in place and thus an 18
percent increase in the total number
of spindle-hours worked. The basic
trends are illustrated in the chart on
page 9.
As a practical matter, a long-term
series on capacity utilization, in which
shift operations, down-time and product-mix changes were treated on a
consistent basis, might serve as an index of equipment hours over time, but
such figures are lacking though recently
several capacity-use series for the postwar period have been published for
manufacturing. It should be kept in
mind that statistical measures of capac
ity utilization and of equipment utilization are not necessarily identical.
An equipment utilization measure
should merely reflect changes in hours
per machine and should be independent
of the complications which may possibly be introduced by changes over time
in output per machine-hour.
Electric motors and electric power
consumption
Although comprehensive data on
machine hours for overall manufacturing are lacking, there is a body of
statistics for manufacturing and mining which may yield what is needed,
namely, the statistics on power equipment and on electricity consumption
from the Census of Manufactures and
the Census of Mineral Industries.
Very briefly, the statistics provide the
basis for estimates of hours worked by
electric motors and thus hours worked
by machinery driven by such motors,
which have been the dominant source
of power in American industry for
many years.
For the years 1939 and 1954 Census
statistics are available for each industry
on the number and aggregate horsepower of electric motors in place at the
end of each year; also given is aggregate
electric power consumption—for all
purposes—within the year, measured
in kilowatt-hours. Statistics on horsepower of electric motors in place have
also been published for 1929 but the
electric power consumption on a detailed industry basis is confined to
purchased power, as distinct from
power generated in the manufacturing
plant. Overall estimates of total power
consumption in manufacturing, with a
breakdown by broad industrial groups
are obtainable, however, from other
sources.
Attention is focused on electric
motors because of the dominant position of such equipment as a source of
work in American manufacturing industry. By 1929, according to the
Census Bureau, electric motors accounted for some 80 percent of all
mechanical work clone in factories.
The remaining 20 percent was accounted for by "prime movers" such
as steam engines and turbines, gasoline
June 190-')
engines and water wheels—which were
directly connected to machines. By
1954 the electric motor ratio had risen
to approximately 88 percent. If we
can find out how intensively the motors
were worked we should have an approximation of the intensity with which the
machinery driven by the motors has
been operated.
Electricity is consumed in factories
for four major purposes: (1) for lighting, (2) for driving motors, (3) as a
raw material in electro-chemical processes such as primary aluminum manufacturing, (4) for heating, as in heattreatment furnaces. There are other
miscellaneous uses such as welding,
hand tools, measuring instruments, etc.,
which in aggregate are much less
important than any of those shown
above.
While a breakdown of power consumption in these uses for the years
1929, 1939, and 1954 is lacking, th
Table 1.—Industrial Electric Power: Distribution of Electric Energy by Major Uses,
by Industry, 1945
Industry
Electro- ElecLighting Motors lytictric- Other
cells furnace
Manufacturing
Food
Tobacco.
Textiles
10.6
14.8
9.8
87.3
84.3
89.4
1.6
.3
(*.)
Apparel
Lumber
Furniture
34.3
12 3
12.2
64. 6
85.4
85.8
(*)
(*)
Paper ._ .
Printing and
publishing
Chemicals
3.9
93.1
2.2
.2
.6
20.2
4.5
75.0
44.7
.5
21.9
2.1
27.9
2.3
1.0
Petroleum and
coal
Rubber .
Leather
5.6
12.1
15.2
93.7
87.5
84. 1
(*)
(*)
(*)
(*)
.2
.1
!e
Stone, clay, and
glass
Iron and steel
Nonferrous
metals
6 2
7.2
88.0
72.0
.1
.4
4.4
18.7
1.3
1.7
(*)
0.2
---
0.5
.6
,6
1. 1
2.2
1.8
2
2.5
20.2
61.3
14.6
1.3
Electrical
machinery
Machinery _._ Automobiles
19.0
19.8
19.4
42.6
59.2
68.0
1.9
.5
.2
30.1
14.3
7.3
6.4
6.2
5.1
Transportation
equipment
Miscellaneous
products
27.0
46.6
_ 2
9.4
16.7
18.4
73.0
2
"). 1
3.2
Extract wig
Metal mining
Coal mining
Nonmetallic
mining
Petroleum and
natural gas
2.8
4.2
96. G
92.1
4.7
95.0
8. 1
90.1
(*)
0.2
(*)
(*)
(*)
.1
0.5
3.5
.3
1.6
*Negligible amount, less than 0.05%.
Source: Taken from Federal Power Commission, "Industrial Electric Power in the United States, 1939-46" (F.P.C.
S-46, Table H, p. XI).
June 1963
Federal Power Commission conducted
a fairly comprehensive survey covering
the year 1945, which provides such a
breakdown on a 2-digit industry basis.
This study, combined with the Census
data on motors in place and aggregate
power consumed in each industry, provides the basic information for manufacturing. The statistics from the FPC
study are shown in table 1.
The figures for a single year—1954—
are considered first by way of background, although the main emphasis of
this article is on change rather than on
level. These calculations indicate that
an average unit of electric-motordriven machinery, measured by horsepower, was operated about 35 hours a
week in that year. The computations
used to derive this result are shown in
the right-hand column of table 2.
Given the horsepower of electric
motors in place at the end of 1954
(line 1), the first step was to assume that
each electric motor could work continuously throughout the year—that is,
8,760 hours; this number times horsepower of motors in place gives total
horsepower-hours of motors available
in a year (line 2). The fact that such a
theoretical maximum could never be
attained in practice is irrelevant for the
purpose at hand. Horsepower-hours
were then converted to kilowatt-hours;
in work measurement, 1 horsepowerhour — 0.746 kilowatt-hours. The results of these calculations were adjusted
upward by dividing through by 0.9,
since modern electric motors have an
efficiency of approximately 90 percent,
that is, about 10 percent of power input
into the motor is dissipated in the form
of heat.5 These calculations (line 3)
give a theoretical maximum per year,
measured in kilowatt-hours, against
which actual kilowatt-hours of electricity consumed can be measured.
The proportion of power used for
electric motors in all manufacturing
(line 5) was then derived by applying
the 1945 proportions of power for electric motor use, as given in table 1, to
total power consumed in 1954 in each
2-digit industry, as shown in the Census
of Manufactures. From this proce5. The adjustment could also have been made by reducing the power consumption (see below) by 10 percent.
SURVEY OF CURRENT BUSINESS
11
Table 2.—Horsepower of Electric Motors, Power Consumption by Electric Motors, and
Relative Utilization of Motors, Manufacturing, 1929, 1939, and 1954
Unit
(1) Horsepower of electric motors, total,
- _ __
(2) Horsepower hours assuming year-round operation (line
(1)X3,7(>0).
(3) Kilowatt-hours of motors (line 2X0.746)^-0.9 1
(4) Electric power actually consumed, all purposes
(5) Percent of power used for electric motors
(6) Power consumed by motors (line 4Xline 5)
(7) Percent utilization (line 6 -Mine 3) X 100
(8) Number of equivalent 40-hour weeks (line 7X4. 2) -MOO
Thousand horsepower
Millions
Billions of kilowatt-hours
Billions of kilowatt-hours
Billions of kilowatt-hours
1929
1939
1954
33, 844
44, 827
392, 685
824, 45<v
245.8
325 4
70.5
70.1
49.4
15.2
.638
683 3-"
221. 1
64. 6
142. 7
20. 9
. 878
296, 473
55. 1
71.1
39.2
15.9
.668
94, 1 HI
1. The 0.9 adjustment was made to take account of the efficiency of electric motors and thus provide comparability with
the power consumption data.
Sources: (1) Table 1. Horsepower of Power Equipment Used in Manufacturing Industries: 1954 and Earlier Years,
Bureau of the Census, 1954 Census of Manufactures, Volume I, Summary Statistics, p. 207-2.
The 1954 horsepower figure includes an upward adjustment of 2^ percent to allow for fractional horsepower motors, which
had been included in the earlier years but omitted from the 1954 Census. The Census had characterized this omission as
"insignificant" for the overall totals. The 2j/£ percent figure was based on a British Census of Manufactures for 1951 which
showed fractional horsepower motors to represent 2.4 percent of all electric motors, measured in horsepower.
(4) 1939 and 1954—Table IA. Fuels and Electric Energy Used in the Manufacturing Industries: 1954 and Earlier Years.
1954 Census of Manufactures, Vol. I, p. 208-3. The 1954 Census total (247.7) was reduced by consumption of electric power
for nuclear energy ( = 26.6 billion) as shown in Series S81-93 of Bureau of the Census, Historical Statistics of the United States,
Colonial Times to 19-57, p. 511. The 1929 total for manufacturing is taken from this latter table.
dure, it was found that electric motors
accounted for 64.6 percent of total
power consumption in manufacturing in
1954, or 142.7 billion kilowatt-hours.
Dividing this total by kilowatt-hours of
motors in place in 1954—assuming yearround operation—indicates a utilization
rate of 20.9 percent. This is the
equivalent of 0.88 forty-hour shifts—
since there are 4.2 forty-hour shifts in
a full week of 168 hours.
Stock of capital is characteristically
measured in constant dollars and in
combining the utilization rates for
industries, or for different machines
within a plant, or plants within an
industry, constant dollar weights should
be used rather than horsepower. Horsepower may be justified as a basis for
weighting, however, on the ground that
there is probably a fairly good positive
correlation between the horsepower of a
machine and its dollar cost. Tn this
paper no attempt was made to combine
industries conceptually more appropriate through the constant dollar weights.
Cross-sectional results
Similar calculations were also run for
each of the 4-digit industries shown in
the 1954 Census of Manufactures. In
doing this, we were limited by the data
shown in table 1, so that it was necessary to use 2-digit industry factors on
power consumed by motors for all
4-digit industries within a given 2-digit
group. While this procedure introduced an element of error, the broad
cross-sectional results are nonetheless of
interest. If the figures have any significance at all, they should yield percentages well under 100—or 4.2 40-hour
shifts—and should not exceed these
maximum limits. Out of almost 400
industries for which calculations could
be made for the year 1954, there were
almost no industries in which completely impossible results were obtained
from this simple calculation. The exceptional cases included primary aluminum, for example, where electricity is
used as a raw material in an electrochemical process, and where a small
error in the motor ratio could seriously
bias the results. There was only one
small industry which could not be
be explained in this fashion.
In the mild recession year of 1954,
the unweighted average number of 40hour shifts for 397 industries turned out
to be 0.90, or 36 hours per week. For
durables, the ratio was 0.74 (30 hours),
while for nondurable goods industries
the ratio was 1.12 (45 hours). Partly
this difference reflects the fact that
durable goods were relatively depressed
in 1954, and partly the fact that in
nondurables continuous operations are
more common than in durables. Relatively higher ratios were obtained for
industries like petroleum, paper, cement, glass, cotton and rayon textiles,
and hosiery, and relatively low ratios
for the metal fabricating and machinery industries generally, which characteristically work far below full operations, and for seasonal industries such
as fruit and vegetable canning.
12
Changes over time
The measurement of the change in the
utilization rate over time poses many
difficulties. The earliest
manufacturing figures refer to the year 1929.
In that year the Census of Manufactures collected figures on horsepower of
electric motors by detailed industry
and type of motor (using purchased as
against plant produced power). The
information on power consumption, as
noted earlier, was limited to purchased
power only, that is, statistics were not
collected on electric power produced
and consumed in each industry. However, for many years the Federal Power
Commission has obtained from industrial concerns reports on power produced by the plants themselves. These
reports, plus the Census data, provided
the basis for an estimate by FPC of
power consumed for all manufacturing
plants, together with a breakdown into
three broad groups consuming large
amounts of power: chemicals and
paper; primary metals; and all other
manufacturing. 6
Within each of these groups a
weighted percentage of power used for
motors was obtained. For this calculation the percentages used were those
for 2-digit industries shown in table 1.
The weights used to combine industries
were estimated total power consumption by 2-digit industry. To obtain
estimates of total power consumed in
each 2-digit industry the assumption
was made that power consumed by
motors run by plant-produced power
stood in the same ratio to the horsepower of such motors as purchased
power was relative to motors run by
purchased power. It is not likely that
a serious error has been introduced into
the 1929 figures by the weighting
procedure.
The summary figures for manufacturing for 1929, 1939 and 1954 are
shown in table 2. It may be noted on
line 5 that the proportion of total
power devoted to motors was less in
1954 than in either 1929 or 1939. This
is because the motor ratio is smaller in
durable goods manufacturing than in
nondurables, and because durables were
higher relative to nondurables in 1954
than in either 1929 or 1939.
6. The estimates are shown in Historical Statistics of the
United States, Colonial Times to 1957 (p. 511).
SUEVEY OF CURRENT BUSINESS
The utilization figure (either line 7
or 8) is markedly higher in 1954 than
in either of the other 2 years: the 1954
ratio is 31 percent above 1929 and 38
percent above 1939. However, since
1954 was a recession year it is appropriate in anty comparison with 1929 to
extend the calculations to the year
1955, which was one of relatively full
employment. The year 1929 was clearly one of very high output for manufacturing even though output started
Table 3.—Electric Motors, Power Consumption arid Utilization Rate, All Manufacturing Industries Excluding Primary
Metals, Chemicals, and Paper
1929
1954
(1) Horsepower of electric
motors.
watt-hours.
151.7 1378.2
|
2,6 U.I
(4) Percent of total power
consumed by motors.
21.4
74.6
14.1
.83
Source: U.S. Department of Commerce, Office of Business
Economics.
to move down in the second half of the
year. Some reduction in capacity utilization was beginning to develop in 1929
although, according to The Brookings
Institution, output for the year as a
whole was estimated to be approximately 83 percent of "practical capacity"—a figure considered to be
relatively high. 7
Through the use of power consumption data for 1955 by 2-digit industries
from the Annual Survey of Manufactures and the motor percentages shown
in table 1, the overall change in power
consumed by motors from 1954 to 1955
was estimated to be 12 percent. For a
rough approximation of the change in
motors in place from 1954 to 1955 the
change in real net stocks of equipment
in manufacturing was used—2.2 percent. This yielded a 9K percent rise in
the utilization rate—a figure that
7. The Brookings Institution, "America's Capacity to
Produce," pp. 307-9.
June 11)03
compares with a rise of 8)2 percent as
shown in the FRB capacity utilization
index from 1954 to 1955. Thus the
equipment utilization ratio from 1929
to an approximately comparable high
employment year in the 1950's shows
an increase of almost 45 percent.
Some partial checks of the overall
results
In considering the overall changes
shown in table 2, the 1939-1954 change
is not unexpected insofar as 1939 was
still a depression year while 1954 was a
year of high output, despite the minor
recession. On the other hand, the
small difference between 1939 and 1929
comes as something of a surprise because 1929 was a year of generally high
activity.
A limited check of the 1929-39
change, by individual industries, was
conducted, in which attention was
confined to those industries in which
motors driven by purchased power in
1929 accounted for two-thirds or more
of the total horsepower of all motors.
By considering only motors run mainly
by purchased power (and the corresponding consumption of purchased
power) much of the error that might
have crept into the 1929 estimate
due to the possibly faulty estimation of
power generated by plants for their
own use should be eliminated.
There were 131 industries which had
not changed in definition and which
could thus be directly compared; for
these there was a very slight increase in
Table 4.—Capacity utilization ratios, selected industries, 1929, 1939 and 1954
r ._
Steel ingots and castings.
S9
Refined copper, electrolytic.
Q-
OR
Cement
07
47
94
Paper
SI
8°
91
59
07
oq
40
59
Woolon and worsted .
19
24
32
Petroleum refining...
78
82
SS
Flour milling, wheat
Cotton textiles
71
Note: Because capacity in this table has been figured on
differing bases, comparisons should be made only within
industries over time and not among industries at a given
point in time.
Steel, cement, paper, flour milling, and petroleum are from
published trade sources. The flour milling reflects an adjustment to a 6-day basis for 1951, to provide comparability with
1929 and 1939. The paper figure re fleets a 310 day year, 'which
is the so-called "historical" basis for calculating capacity.
The cotton and wool figures were derived by the author and
are based on spindle and loom hours respectively, related to
around-the-clock operations throughout the year.
June 1968
SURVEY OF CURRENT BUSINESS
13
the 1939 utilization ratio over 1929, Some qualifications
because there has been some increase in
measured by the median change. Over
In using the change in electric motor the efficiency of very large motors.
the 10-year period the durable goods
It has also been assumed that in a
ratio was a little lower while the non- utilization as outlined in this article to given 2-digit industry the proportion of
durables ratio was somewhat higher, measure changes in equipment utiliza- total power consumed by motors has
and a proper weighting system would tion, the assumption has been made that not changed from 1929 to 1954. Aside
probably yield a small overall de- there has been no change in the techni- from the few industries that are very
crease, approximately in line with the cal efficiency of motors over the period large consumers of power—•aluminum,
under consideration. According to elecaggregate change shown in table 2.
steel and certain chemicals—the main
For a second check primary metals, trical engineers, the electric motor has use of electric power other than motors
paper and chemicals were excluded not changed much in this respect, main- in manufacturing industry has tradifrom the calculations since these in- ly because its efficiency—in the neigh- tionally been for lighting. The little
dustries are very large power consumers borhood of 90 percent—was already evidence that bears on this point would
and errors in any of the 1929 estimates very high even as long as a generation not invalidate the above assumption.
could bias the 1929 results. The total ago. Obviously the results would be In a study made for Westing-house Elecafter these exclusions, however, yielded biased if more power were required to tric Corporation in 1954, the authors
a change of 40 percent from 1929 to run a motor of a given horsepower estimated that the lighting share of
1954, or more than the change shown rating a given length of time today as power sales made to industrial users
by the overall manufacturing totals. against the 1920's. If anything, there rose moderately from 1937 to the war
Results of these calculations appear in may be a bias in the opposite direction years and very early postwar years,
table 3, which is partly condensed.
As another crude kind of check of the
calculations presented in tables 2 and Table 5.—Electric Motors, Electric Power Consumption and Utilization Ratios, Mineral
Industries 1, 1929, 1939, and 1954
3, the few direct measures available on
capacity utilization can be examined.
Available
Total
Percent
Electric Utilization Equivalent
Electric
kilowattelectric
power
used for
ratio
40-hour
They show rather large declines from
hours of
motors
consumed
power
motors
weeks
(5) -=-(2)
motors 2 consumed
by motors
(6)><4.2
1929 to 1939 in steel, cement, and refined copper but are about unchanged
(2)
(6)
(1)
(3)
(7)
(4)
(5)
Millions of
Billions of
Billions
Billions of
or somewhat higher in nondurables.
horsepower
kilowattkilowatthours
hours
About all that can be said is that they
do not point to uniformly higher ca- Total i
pacity utilization rates in 1929 as
7 4(5
1929
._
7 04
44 75
6 16
0 66
against 1939. (table 4).
0 57
1939
7 07
7 56
51 33
58
139
7 13
1954
73 68
12 79
69
The changes from 1929 to 1954 yield
10 14
1? 09
164
a clearer picture. With the exception
Bituminous coal and lignite
of copper and steel, all the capacity
2.83
1929
92 1
utilization rates are higher in 1954; if
2 51
20. 57
2 31
0 112
0 47
1939 '
3 07
22 28
92 1
2 37
106
45
97 4<>
92 l
3 78
the comparison were shifted from 1954
1954
3 76
3 46
126
53
to a high-level demand period, such as
Pennsylvania anthracite
1955, the steel industry also would show
92.1
6. 45
a higher utilization ratio than in 1929.
0. 89
1929
0.87
0. 136
0. 57
0. 95
6. 64
92.1
. 55
.91
1939
.95
.88
.132
It is of interest to note that in the case
6. 58
. 50
.84
.91
92. 1
1954
__
. 118
of cotton textiles the utilization ratio
Iron ore
derived from spindles and spindlehours increased 41 percent from 1939
96 6
2 31
0 32
0 48
1929
0 46
0 199
0 84
. 39
.37
2. 82
. 127
.53
96.6
.36
1939
_ to 1954, whereas the corresponding 1954
7.44
.64
1 02
96 6
. 152
1. 17
1. 13
utilization ratio derived from the elecMajor non ferrous ores
tric power and motor calculations
increased 34 percent.
0.88
1.57
2.39
2.47
6. 39
96.6
0. 373
1929
1. 14
1 21
8.79
96.6
2.38
.271
2.46
1939
In considering the 1929-39 com.242
1.02
1.68
12.22
96.6
2.96
3.06
1954
parison, it should be kept in mind that
capital formation in the decade of the All other *
1930's was extremely low; OBE esti1.24
9.03
0.47
1.06
95 0
1.01
0. Ill
1929
.45
.106
1.49
10.80
1.23
95.0
1.15
1939
mates of the net stock of equipment in
.79
.189
3.77
2.75
3.96
95.0
19. 95
1954
manufacturing were actually a bit
Excludes crude petroleum and natural gas extraction industries.
lower in 1939 than in 1929, and the 2.1. Includes
constant adjustment for motor efficiency. See footnote (1) of table 2.
3.
Gold, silver, copper, lead, and zinc.
ratio of stocks to output was essentially
4. Chiefly nonmetallic minerals.
unchanged over the period.
Source: U.S. Department of Commerce, Office of Business Economics.
1
3
14
June 1903
SURVEY OF CURRENT BUSINESS
moved back to the 1937 proportion by data, rose from 78 percent in 1929 to 88 has probably declined to the extent
1950-51 and was projected to move percent in 1954, or by 1.3 percent. On that the workweek for office workers
like has declined.
moderately lower over the next decade.8 the other hand, in an industry
7
While lighting standards underwent a steel, equipment direct!} driven by
Other Industries
very marked improvement as a result of steam engines in 1954 was probabty of
the war, it should be kept in mind that rather ancient vintage, arid probably Mining
the substitution of the fluorescent lamp represented high-cost, stand-by equipThe data for mining are less comfor the incandescent lamp, starting in ment that saw relatively little use as
prehensive
than for manufacturing.
the early 1940's, meant a decline of 60 compared with the modern continuous
Although
horsepower
and electric power
percent in power consumption for a rolling mills powered by electric motors.
consumption
statistics
have been colFinally, the calculations have ignored
given amount of light. There are no
lected
in
each
Census
of
Mineral Indusstatistics available on electricity used completely equipment such as furnaces,
tries,
statistics
pertaining
to the extracfor lighting in manufacturing going- ovens, storage bins, furniture, hand
tion
of
crude
petroleum
and natural
tools, as well as transport equipment of
back to 1929.
9
gas
were
omitted
from
the
1929
Census.
Another factor that has been ignored all types. To the extent that furnaces
In
addition,
electric
motors
account
for
has been the increased use of measuring, and ovens are used continuously, their
only
two-thirds
of
the
horsepower
in
metering and control instruments, which relative use over time has changed only
place
in
mining,
exclusive
of
petroleum
have grown more rapidly than ma- to the extent that the proportion of idle
chinery generally. There was no way to active equipment has changed. In and natural gas, and in the latter they
of taking account of this development the case of transport equipment, hand are quite unimportant as a power
in the present calculations. Some of tools, etc., it would probably be reason- source.
Table 5 presents the basic statistics
the larger pieces of measuring and con- able to assume that the same factors
on
horsepower of electric motors and
trol equipment, no doubt, have motors leading to more intensive use of electric
electricity
consumption for all indusattached to them and to this extent motor-driven equipment—the trend to
tries
combined,
excluding crude petrowould not bias the results shown here. multiple shift work, the rationalization
leum
and
natural
gas, and for a few of
As noted earlier, the figures presented of equipment use—have been operating
the
major
industry
groups for the years
here take no account of machinery here. As for office furniture and related
1929,
1939
and
1954.
According to the
items,
a
rather
unimportant
category
directly powered by internal combusFPC
study
(table
1),
about
95 percent
tion engines, steam engines and tur- for manufacturing as a whole, its use
bines, etc. In 1929 prime movers not
attached to generators—that is, directly
tied to factory equipment—accounted
INSTALLED GENERATING CAPACITY OF PRIVATELY OWNED
for about 20 percent of horsepower in
ELECTRIC UTILITIES
place and by 1954 the proportion had
Annual Hours Per Unit of Installed Capacity Have Increased Since the 1920's
fallen to 12 percent. The problem
here is to determine the change in the Million Kw.
Thousand Hours
utilization rate of machinery powered 150
by sources other than electric motors.
In 1954 about two-thirds of the prime
movers not driving generators were in
chemicals, petroleum refining and blast
furnaces, steel works and rolling millsFive Year Averages
-J 4
It would probably be fair to say that 100 h
Hours Per Year Per Kw. of Installed
Generating Capacity in. Place
the relative use of such equipment
(right scale)
1920-24 25-29
increased somewhat less than the overall rise of 31 percent from 1929 to 1954
shown for all manufacturing. In petroleum refining, where the steam turH 2
50 h
bine is predominant, the industry's
operating rate, according to published
8. The Lighting Market, a Report for Westinghouse Electric
Corporation, Ebasco Services, Inc., April 1954, p. 6.
9. In 1947 purchases of new "production machinery and
equipment" represented 87 percent of all purchases of new
machinery and equipment by manufacturing plants, according to the Census of Manufactures. The remaining 13 percent covered office furniture, machines and fixtures, motor
vehicles, cafeteria furnishings, etc. Of course, not all "production machinery and equipment" is run by electricity.
1912
17
20
25
30
U.S. Department of Commerce, Office of Business Economics
50
55
60
Data: Derived from Electric Institute
63-6-6
SURVEY OF CURRENT BUSINESS
Juno 1963
15
of all electricity consumed in mining Locomotives in Service and Average Hours Per Year, Freight and
is used to run motors.
Passenger Service Combined, Class I Railroads
For the group as a whole there was a Thousand Units
Thousand
rise in the utilization rate of only 4
60 I
percent from 1929 to 1954. Miningout put, however, while comparatively
Number of Locomofives in Service
high in 1929, was quite depressed in
Average for Year (left scale)
1954 because of the recession, so that
55-59
it seems quite appropriate to make some
adjustment on this account. Mining
40
output, exclusive of crude petroleum
and natural gas, rose 22K percent from
1954 to 1955-57, according to Federal
Reserve data. If two-thirds of this
rise were taken as a rough approximation of the increase in the relative
operating rate, this would yield a 19 20
percent rise from 1929 to the mid-1950Js.
One explanation for the apparently
smaller rise as compared with manufacFive Year Averages
Hours Per Locomotive Per Year ,
turing is that multiple-shift operations
(r/gfif scale)
have historically been common in many
mining industries.
1921
Electric utilities
30
35
40
U.S. Department of Commerce, Office of Business Economics
Since electric utilities are required to
furnish power to satisfy customer peak
loads, generating capacity in place,
which accounts for about 40 percent
of gross depreciable assets of electric
utilities, has characteristically been
considerably in excess of average use.
While the ratio of output to capacity
for privately-owned utilities increased
up to World War I, little progress was
made during the 1920's when average
Table 6.—Hours per Year per Freight Car
and Locomotive in Service, Class I Railroads
Freight
cars *
25
Locomotives
Freight
Passenger
Switching
usage was in the neighborhood of 3,000
hours per kilowatt of installed capacity,
or about 35 percent of the 8,760 hour
annual maximum. The ratio began to
increase in the late 1930's until about
1948 and for the next decade fluctuated
in the neighborhood of 55-58 percent.
An important factor in the 60 percent
rise in the utilization factor from the
1920's to the 1950's has been the movement toward interconnection, by means
of which plants within the same system
and systems over wide geographical
areas have been interconnected, so that
the need for standby generating capacity in individual systems has been
considerabhT reduced.
1921-^4
874
1,765
1,537
(2)
Railroads
1925-29
969
1,811
1,524
(2)
1930-34
635
1,186
1,111
(2)
Changes in the intensity of utilization of railroad equipment show a
mixed picture. The relative utilization
of freight cars has undergone little
change from the 1920's to date and has
remained at a comparatively low level.
Measured in terms of traveling time—
both empty and loaded—the average
freight car was used 1,000 hours in 1926
and 995 hours in 1956. It may well
be that if time spent waiting for unloading and loading were taken into
account, average usage might in fact
show some decrease over this period,
754
1.320
1,239
(=0
1940-44
1,152
2,036
1,664
(2)
1945-49
1,102
1.937
1,743
4,779
1950-54
981
1,816
1.905
5,036
1955-59
928
2,174
2,498
5,576
I960
871
2,195
2,484
5, 345
1961
852
2,115
2, 42?
5,018
1962
895
2,233
2,600
5,139
1934-39 _._
1. Time traveling, empty and loaded. Excludes time
in terminals.
2. Not available.
Source: U.S. Department of Commerce, Office of Business
Economics. Estimated from data in Railroad Transportation, Association of American Railroads.
55
Hours
~l 3
60
Data: Derived from ICC & AAR Statistics
63-6-7
though firm data on this point are
lacking.
Locomotive use is another matter.
The shift from steam to diesel locomotives over the past generation has been
accompanied by a clear-cut increase
in relative utilization. Indeed, this
change has come about mainly because
of the superior operating performance
of the diesel as compared with the
steam engine, and, among other things,
has taken the form of reduced timeout for maintenance and repairs.
Hours per locomotive assigned to freight
service in 1926, for example, averaged
1,896 in 1926 as against 2,288 in 1956,
an increase of approximately 20 percent.
With passenger service falling to
exceptionally low levels, locomotives
assigned to passenger service have
fallen by 80 percent from the mid-1920's
to the mid-1950's. Hours per locomotive have risen, however, from about
1,500 to approximately 2,500 over
this period.
Locomotives in yard switching service find their most intensive use. Data
are not available back to the 1920's but
the available statistics suggest a considerable increase over time, given the
prevalence and relative inefficiency of
the steam locomotive in the earlier
period. (Table 6.)
SURVEY OF CURRENT BUSINESS
16
Appendix
The availability of some limited
information on employment by shift
suggested the possibility of an alternative approach to the estimation of
equipment hours of work in mining
and manufacturing.
The 1939 Census of Mineral Industries published, by detailed industry,
employment by shifts, average number
of hours per shift, and the average number of equivalent full-days that operations were active in the year 1989.
Table 7 presents a comparison of the
equivalent number of 40-hour shifts
worked by equipment as derived from
the two approaches, for all mining
industries (excluding crude petroleum
and natural gas) and for a few of the
larger industries in which shift work is
important (coal, iron ore, certain nonferrous ores).
The calculations making use of the
shift data are shown below for all
mining industries. Employment is expressed in terms of man-shifts (one man
working one shift per day). Average
hours per shift in 1939 were 7.3.
Man-shifts
Average j Total daily
(millions'1 :; tl-.iily hours hours
"
| (millions)
i
22 7 i
7.3
781. 1
Second Shift
7.3
1<K) 7
Third Shift
4.5 i
7.3
First Shift
Total
107. 0
!
13-1.2
:
_
32. S
979. 6
On the assumption that machines
used per shift vary directly with
employment and that first shift machines represent the maximum available, we get an average utilization of
machines of 9.16 hours per day.
(979.6-4-107.0). However, the Census
also reported that mines and related
plants were active 203 equivalent fulltime days in 1939, that is, 55.6 percent
of 365 days. Multiplying 9.16 by .556
gives 5.09 hours per day, which is 64
percent of one 8-hour day. This compares with a ratio of 58 percent as
derived from the horsepower and electric power consumption data.
For
manufacturing,
production
worker employment data by shifts are
available on overall basis for the year
ending June 30, I960.10 According to
this study of the Bureau of Labor Statistics, which was confined to employ1.0. "Supplementary Wage Benefits in Metropolitan Areas,
1959-60," Monthly Labor Review, April 1961, Table 2, page 382.
merit in metropolitan areas, 77.2 percent of all production workers were
employed on the first shift, 16.4 on the
second, and 6.4 on the third and other
shifts. On the same assumption used
for mining, we get from this calculation
51.8 hours per week for machinery
(0.772 X 40 4- 0.164 X 40 + 0.064 X
40) -^- 0.772. This figure was moved
back from 1959-60 to 1954 through the
use of some recently published data on
manufacturing capacity utilization,
making some allowance for the strike in
the summer and fall of 1959. This
rough adjustment of 5 percent yielded a
figure of 49.1 hours.11
Since the motor calculations were
made with respect to a theoretical 365
day capacity, a similar adjustment
must be made for the employment calculations, though there is little information for such an adjustment. The
fact that Saturday and Sunday are
typically not workdays and the fact of
part-time employment are already reflected in the average weekly hours
figure. One downward adjustment of 5
percent was made to allow for hours
paid for but not w or Iced because of
vacations, holidays, sick leave, etc. A
second adjustment was necessary to
allow for the fact that even on the first
shift not all work stations could be considered occupied. Since 1954 followed a
year of near-capacity operations, it was
decided to measure this slack by the
change in employment from May 1953,
the cyclical peak in manufacturing employment, to the average level in 1954.
This yielded a 10 percent decline. On
this very crude basis we get an average
of 41.7 hours per week as against 35
hours, the figure obtained from the
aggregate calculations derived from the
motor and power consumption computations shown in table 2.
There are at least two major shortcomings with these calculations for
manufacturing. First of all it is probably not appropriate to assume that
machine hours by shift would be proportional to employment by shift. For
some industries, such as metal fabricating, employment on late-shifts tends to
be overweighted with maintenance
workers rather than machinery-opera11. Estimates were prepared by Frank DcLeeuw of the
Federal Reserve and appear on page 129 of "Measures of
Productive Capacity" in Hearings before the Subcommittee on
Economic Statistics of the Joint Economic Committee, 1962.
June 1063
tives. In the case of continuous industries like petroleum and industrial
chemicals, however, the reverse is true.
In a 1952 study it was found that only
one-third of "production" workers in
refineries were employed on late shifts,
even though refineries are run on a 24hour basis through the year (aside from
maintenance shut-downs). On balance, the employment shift data in
in anuf act uring probably underst at e lateshift operations of equipment. 12
Table 7.—Number of Equivalent 40-Hour
Shifts Worked by Equipment in Selected
Mining Industries as Estimated from
Employment Data by Snifts and from
Motor'Utilization Data, 1939
From employment
by 'shifts
All mining industries !
Bituminous coal and litrnite...
From
motor utilization
0 fi4
0 58
.."4
.45
1 3D
1 10
Pamsylvania anthracite
Iron ore
Cor-por ore
Lead and zinc oves
Gold ore
.53
93
95
1 IS
1 31
The second major difficulty concerns
the assumption that all machines on the
first shift represent total machines available and can be appropriately adjusted
downward by the 10 percent figure based
on the change in employment from the
1953 peak to 1954. Only fragmentary
evidence is available on this point for
scattered time periods. In some unpublished BLS studies made in early
1951 covering metalworking industries,
it was found that actual employment on
the first shift was approximately threefourths of the maximum that could be
employed on the first shift with the
available equipm ent. In t extiles, where
3-shift work is common, Census figures
indicate that first shift looms active at
the end of 1962 as a percent of looms in
place were 97 percent for cotton mills,
87 percent for man-made fiber and silk
mills, and 76 percent for woolen mills.
The rough 10 percent adjustment used
above for all manufacturing is probably
too low, but the resultant of the two
major data biases discussed in this
Appendix cannot be determined.
12. This is brought out by Alan Strout in an unpublished
paper prepared for the Harvard Economic Research Project
and Resources for the Future, Inc. (1961).
BY WALTHER LEDERER
The Balance of International Payments
During the First Quarter 1063
JL HE international transactions of the
United States during the first quarter
resulted in net transfers of official
monetary assets and a rise in liquid
liabilities to foreign countries including
non-marketable medium-term convertible Government securities totaling
$669 million. Allowing for seasonal
variations in the various types of
regular transactions this balance would
become $806 million. Excluding the
sale of these securities, amounting to
$350 million, the balance would be
lowered to $319 million, and applying
the same seasonal adjustment, to $456
million.
Because of the growing complexities
of international financial operations of
the Government, several balances may
have to be considered to facilitate the
analysis of the balance on foreign transactions. The tables have been redesigned to meet this objective.
The $669 million and $806 million
balances are closer to the definition of
the over-all balance as previously used
and measured by changes in official
monetary assets and liquid liabilities
defined as those assets held by foreigners
in the United States which are quickly
convertible into monetary assets with a
minimum of risk due to fluctuations in
their market value.
The non-marketable, medium-term,
convertible securities are a new type of
instrument, first introduced in the first
quarter of this year. Of the total
amount of $350 million, $125 million
are denominated in U.S. dollars, and
$225 million in foreign currencies.
These securities are distinguished from
other similar securities issued at the
end of last year by the inclusion of a
new provision permitting the central
bank purchasers to convert them into
short-term claims and then into cash
assets prior to the stated maturity
687112—63
3
date. With this provision a new uniform instrument has been created
which is broad enough to meet the
various liquidity requirements of different central banks and can be sold to
the central banks of countries whose
currencies are strong and convertible,
and in which the United States considers the incurring of new obligations
to be both secure and helpful.
Whether the $350 million of nonmarketable, medium-term, convertible
securities should be considered to be
liquid liabilities depends upon the
emphasis placed on their specific features. Precisely which liabilities meet
liquidity requirements may not always
be clearly discernible. Some liabilities
may be close to the standard borderlines
and the borderlines may be shifted by
changing conditions in money and
capital markets.
The $250 million of 15 and 16 months
non-marketable, medium-term securities denominated in foreign currencies,
which were purchased late last year by
foreign governments, and $30 million
purchased in the first quarter of 1963
cannot be sold or converted into cash
assets before they mature. Consistency with established criteria would
make the sale of these securities equivalent to an inflow of foreign capital for
medium-term investment rather than
for cash holdings, and thus result in a
statistical improvement in the over-all
balance measuring changes in our net
liquidity position. The $58 million
5-year note issued early this year is
redeemable against foreign notes held
by the Export-Import Bank. It cannot be sold for cash and consequently
is not liquid.
The $350 million of non-marketable,
medium-term securities issued early
this year are convertible by the buyers
after a 2 day's notice into 3 month
certificates, which themselves are con-
vertible after a similar notice into freely
usable cash. The purchasing central
banks have included these securities in
their reserves of liquid monetary assets.
If these convertible securities are
considered liquid liabilities, while the
securities with a maturity of more than
one year but without convertibility
privilege prior to maturit^y are considered medium-term obligations, the
over-all balance in the first quarter
would be adverse by $669 million;
allowing for seasonal adjustments of the
regular types of transactions resulting
in an increase in net debits by $137
million, the adverse balance would be
slightly over $800 million. That
balance was about the same as in the
previous quarter, although the latter
was improved by much larger receipts
from medium-term security sales, advance debt repayments by foreign
countries, and advance commitments
of foreign funds for military purchases.
The much smaller receipts from special
Government transactions which had
been anticipated to decline in the first
quarter also explains the increase in
that balance compared with the quarterly average of $550 million in 1962 as
a whole.
If the importance of the convertibility
feature of the $350 million mediumterm Government securities is minimized while the emphasis is placed on
the length of their maturity period,
these securities would be considered
medium-term obligations, similar to
those issued during the fourth quarter,
and the over-all balance would be
reduced to about $320 million, and
including the seasonal adjustments of
the regular types of transactions to
about $450 million. That would be
less than the $550 million quarterly
average of 1962.
The net outflow of gold during the
first quarter of this year was limited to
17
Table 1.—Analysis of U.S. Balance of Payments, Seasonally Adjusted, Excluding M i l i t a r y Grant Aid
JMillions of dollars]
CYlcndar year
I960
j
j
i
1961 ]
!
1960
'
;
1962
;
I
11
7, 4%
7, 7-18
19' 1
•
|
III
IV
I
!
11
] 903
19(2
1
:
i
III
IV
7,917
'
i
5,871 j
3, 826
680
1.365
173
8,653
6.013
3.881
717
I
II
!
Ill
!
IP
IV
Tr j -tn » <")" - ot ic r than cKu t sin official mones. t <*,v»els and i i 1 < t u«. I hat i h f j s (including
r > * i .,rk tab'cirtdium-tcrni convertible GovU,s r
Vi J
r
ill PI IS R L C O R D E D . . . 31,174 | 31,77s i 33,251
23,205 | 22, 867 24.964 \
14.723 14,497 16.115 i 3.801
3.018
2,934 i 3.028 |
i' i \ i11 ' nd l f i (
1.351
5,430
5.434
i ( s
s
163
730
'
i < n i u ii'-io 1 )
f
701
4.056
-1.2S1 j
i
i mi i t LI i t n 1 ip t o':tii.-v,> . . 3. 4H5
1 f i n t 01 •*, > o i n i t ) nu)/i(.U<ifr d')''ar
9 -/7S1
•2. 940
3. ill
509
<j f c i j i o n the L ifcd ^ t a f i s i
( 1 't } a i/ >tf s to fort t/7i conn frit* <r,id
1.070
i, 107
i f t nn'i^nnl i n s t i t u t i o n 1 * )
_ _
3 8('.">
4 150
3 i;> 73 '
645
f
i i v <~ c T if i 1
303
1.6! ,4 i 1 , 598
n i ( t n \ c'-tments
. .
1.011
850
1,209
;
210
i n^ t* i in poi t folio
1 . 348
1,511
507 i
^ 01 f t( i m
_ _ _
G, 799
Lr s R E C L l i fS (CREDITS; RI CORDED .... 27 , 976 30,313 32, 09:5
26 974 "8 311 °9 790
6 468
1 D ' * •* t ^ ° )r ds vid "ci \ 1 cts
19. 459 19.913 20. 479
4. 657
i N U ' f uuliH
I uiancid by Goiern ntnt ('rants and
o *37 j
C<l/)tf( J)
''S 1
402
660 ;
335
Miht n \ s iks
688
3.464
3 850
2. 873
I ic >nie on i'i\cs^in( nts piivate
349
380
472 '
87
I'Konu on nm stint nts, Governineiil.
3. 958
4. 152
4,329
961
Ot i < 1 st T \ l f ( S
?i
J
!
i 00 1 I
i
l (
!
1 SL" Ki>
j p ) \ i > e n t s on I o GoMinment Io;ins,
di l u l t d
I* p i \ n i c n t s md s 11 oils iionscli'-' i diilod
lunds
G > v inmciit h ibilities
SELECTED
BALANCES
NET
CREDITS +, DEBITS -)
A. Regular transactions, seasonally adjusted:
Merchandise trade, excluding military
Preliminary.
' Less than $.500,000.
519
700
1,125 !
362 j
542
6 733 '
7,112
6. 845
4, 876
4, 940
430
84
87
964
1.338
IT, |
856
174 i
1,186
133
128
226
625
643
85
155 !
865 :
211
— 51
127
47
24
-45
— 15
199
13
280
-18
4,334 :
4,736
5,416
9
713 | 2 532 -2, 368
3. 327
-467
4.826
856
-697
523
— 141
541
1.040
— 678
568
-176
754
1.276
— 705
582
-125
1,028
1.564
-633
610
—95
1,416
1,664
— 685
738
-106
1.611
1,351
-652
737
-99
1.943
-736 '
43
-163
253
-163
474
-169
792
-177
-3.517
-613
-716
-634
-2.495
-623
-307
— 127
-356
-262
-3
-1,025
— 78
-1
-147
-3,573
-747
-3,573
-670
470
-51
5*5
141
946
105
1.088
591
216
1.060
114
1.109
613
183
1,005
118
1,062
184
53 |
130
471
148
142
143
25
155
15
39
3
173
-35
498
15
119
1,232
-558
839
-125
1,388
1.143
-591
806
-90
1,268
879
-578
909
— 127
1,083
1,013
-558
872
-134
1,193
.59.5
113
904
109
1.058
190
940
144
1.074
580
171
25
958
556
457
-55
7, 66S
7, 366
4, 998-
100
871
95 !
1.086 |
4. 755
136
867
493
335
39
8,177
7,424
4, 925
834
506 ;
102
904
70
1.044
5. 050
148
9
3
771
312
7.206
5,022
7. 107
4.986
99
34
153
43
157 i
56 \
8, 430
6. 173
3. 985
741
1,447
217
1,082
241
2/19
5.121 1
7, 956
6. 843
!
8, 478
6,341
4.046
794
1.501
187
1.083
804
806
4, 987
7, 428
7. 088
4-9.5
112
831
120
1.025
•
;
176 ;
711
359
188
—1 i
164
8,327
7,901
7,610
7, 550
5,262
5,270
6 928
-590
88
858
95
997
6,282
4.127
732
1,423
1.045
1,078
830
8,214 ;
861
199
357
305
7, 688
844
399
234
211
7,247
743
88
1.019
8,316
6.222 I
4.030
748
1,444 i
182 i
1.280 i
397
461 :
419 I
7,682
1 . 002
344
219
439
'*84
720
87
1.014
6.119 ;
3.942 i
754
1,423
191
1,075
\
313
1 . 024
458
94
472
1.377
688
215
474
7, 001
8,216
1,415 ;
873
617 i
666 :
340 i
26 :
1 . 029
23-5
271
745
341
195
209
7, 064
5, 506
3,401
606
66,8
588
-is
2,283 1 2.962
Income^ on investments
-402
Otiier services _ _ _ . . _ _ . . . .
3, 769
5. 444
Goods and services
(Excluding exports of goods and services financed by Government grunts
1,562
2.777
and capital outflows"1
-672
-705
Remittances and pensions
Government grants and capital outflov- >,
less changes in associated liabilities,
-2.776 -3,370
less scheduled loan repayments
Domestic and foreign private capital:
-2,114 -2. 143
Direct and long-term portfolio
-1,438 -1,364
Short-term
Miscellaneous Government non-liquid
1
liabilities
GO
-683
-906
Errors and unrecorded transactions
Balance on items in A (seasonally ad-3,913 -3, 043
justed)
Less: Net seasonal adjustments.
Balance on items in A before adjustment^ -3,913 -3,043
B. Special Government transactions (not seasonally adjusted) :
Noil -scheduled receipts on Government
48
668
loans
-16
A 1 1 vances on military expo its
Sales of non-marketable medium-term
non-convertible securities:
PoUar securities
Foreign currencv securities
Sales of non-marketable medium-term
convertible securities:
Dollar securities
Foreign currencv securities
Balance A+B excluding net receipts from
sales of non-marketable medium- term
convertible Government securities (including seasonal adjustment of items
-3,881 -2,370
in A)
.
Excluding seasonal adjustment (equals
line 51, table 4)
_
__ -3,881 -2,370
Balance A+B including net receipts from
sales of non-marketable medium- term
convertible Government securities (including seasonal adjustment of items
-3,881 -2,370
in A)
__ .
Excluding seasonal adjustment (equals
-3,881 -2,370
Jine 51a, table 4)
C, Increase in short-term official and banking
liabilities and in foreign holdings of marketable U.S. Government bonds and notes (de1,764
crease — )
1,438
Foreign private holders including banks
and international and regional organiza289
1,083
tions (excluding IM F)
1,149
681
Foreign official holders
D. Decrease in U.S. monetary reserve assets (in606
2,443
crease — )
- 135
741
IMF position
— 116
Convertible currencies
1, 702
857
Gold
103
861
7,937
7, 993
7, 673
5.817
5, 482
3.661
3. 422
3! 386
780
773
1,364 |
1,318
169
177 !
187
826
985
5, 979
3, 836
155
329
:
1.240
-617
729
— 92
1,337
1.161
—578
758
-105
1,236
1.260
1,080
-641
773
-125
1,087
940
-187
753
-171
595
-173
489
-174
348
-191
689
-182
550
-176
356
-187
420
-217
-813
-845
-615
-917
-993
-907
-850
-850
-910
-906
-529
-549
—500
-430
-395
-362
-360
-613
-224
-738
-385
-361
-328
-769
-50
-557
-151
-808
-94
-985
+42
1
-193
1
-265
1
—227
(*)
-390
-1
+15
(*)
-303
(*)
-27
-37
1
-469
-1
-492
(*)
-44
-891 -1,045 -1,230
-83
—3
+ 163
-888 -1,208 -1,147
-472
-141
-331
-561
-42
-519
-503
-934 -1,409
-129
-95
+337
-374 -1,271 -1,314
-917
-137
-780
9
60
5
-
~~ '
(*)
625
-33
-677 -1,333
-74
+257
-934 -1,259
-727
-113
-614
43
16
142
--
53
2
471
107
142
223
25
23
l
9
58
251
51
125
225-
-2, 186
— 775
-831
-1,018 -1,257
-472
31
-655
-1,274
-585
-452
-356
-793
-806
-2,186
-698
-828
-1,181 -1,174
-331
73
— 912 -1,200
-472
-323
-693
-698
-669
-2, 186
— 775
-831
-1,018 -1,257
-472
31
-655
-1,274
-585
-452
-356
-793
1
-456
-2, 186
-698
-828
-1,181 -1,174
-331
73
-912
-1,200
-472
-323
-693
-698 i
-319
653
538
653
442
-195
-40
247
1,125
432
46
486
-188
309
287
200
453
436
102
328
325
-46
488
-429
234
-84
44
565
-318
095
900
377
699
-653
24
462
-458
270
-65
374
376
-89'
1, 533
626
17
890
160
110
175
81
739
102
1, 369
448
371
25
94
637
921
371
-213
-483
124
146
768
312
-54
510
426
237
-114
303
-163
44
50
-320
11
-161
-170
881
331
104
446
~U7
389
14 i
351
24
32.
-46
-33111
."Tune 1063
8111 million, less than half of the quarterly average in 1962 and about onethird of the outflow during the first
quarter of 1962, The relatively low
rate of net gold sales reflected large
purchases, compensating in part the
sales which were more comparable in
size to the quarterly rate last year.
The purchases were mainly from the
United Kingdom, which sold gold following the breakdown of the negotiations
to join the European Economic Community.
To analyse current balance of payments developments it is helpful not
only to separate those items which
measure the changes in gold and convertible foreign exchange holdings of
U.S. monetary authorities and the
changes in liquid liabilities but also
those Government transactions which
account for temporary changes in that
balance but have a lesser effect on the
longer run balance of payments problem.
These special Government transactions are shown separately in the
second section of table 1 and include
foreign prepayments on U.S. Government loans, net advances by foreign
countries on military orders and net
sales of non-marketable, medium-term
U.S. securities of both a convertible and
non-convertible nature.
The balance on the more regular types
of transactions and excluding these
Government transactions, grouped in
table 1 under A, was about $900 million
for the first quarter, and about $3.6
billion in 1962. This balance roughly
measures the magnitude of the over-all
balance of payments problem which
must be reduced in the long run. Even
that balance, however, is affected by
various types of special and cyclical
influences, and only careful analysis can
separate those from longer run trends.
This balance during the first quarter
was adversely affected mainly by the
interruption of shipping in January, and
by an increase in the recorded outflow
of private capital. The effects of these
developments on the balance of payments were partly offset, however, by a
favorable shift in the balance on transactions as yet unrecorded, which is
derived as a residual of all those for
which figures are available or could be
estimated.
SURYFA" OF CURRENT BUSINESS
Recorded transactions with Canada
were still affected by conditions adverse
to our balance of payments, as they
had been since the middle of last year
when the Canadian Government took
various measures to strengthen the
Canadian reserve position. An important improvement may have taken
place in the balance on unrecorded
transactions with Canada, however, as
the rise in Canadian reserves during the
first quarter of this year was considerably slower than during the second
half of last year. The major impact of
last year's measures fell on U.S. exports
which were adversely affected by restrictions on Canadian imports. In
addition, the purchase of $125 million
of Canadian Government bonds by U.S.
insurance companies tended to enlarge
the U.S. deficit. These bonds were the
second half of a $250 million loan of the
Canadian Government negotiated last
fall to strengthen Canadian reserves.
The adverse effect of these transactions
on the U.S. balance of payments was
temporary, however, particularly as the
restrictions on Canadian imports were
lifted after the end of the first quarter,
and an appropriate allowance should be
made for them in the evaluation of the
first quarter balance of payments.
U.S. merchandise trade
Despite the adverse effect of the
January dockworkers' strike on our
two-way merchandise trade, the first
quarter of 1963 witnessed a modest
advance on the nation's export balance
to a seasonally adjusted annual rate of
$4 billion, some $% billion above the
corresponding rate for the last quarter
of 1962 but below the total for 1962 as a
whole. An advance of about $300
million brought U.S. exports to a
seasonally adjusted annual rate of
$20.0 billion in the initial quarter this
year while imports receded to $16.0
billion as compared to an annual rate
of $16.2 billion a quarter earlier.
The dockworkers' strike in January
had the effect of shifting shipments
from January to the following months,
at least through April and possibly
even into May, but since the strike was
anticipated for a considerable time
19
some shipments, particularly of exports,
were speeded up and moved out in
December. A rough measure of these
distortions during the first quarter
could be obtained by comparing the
actual first quarter figures with an
estimate based on 3-months figures
computed from the monthly average
in the December through April period.
This method gives an export figure for
the quarter about $200 million higher
than the actual figure, and an import
figure about $50 million higher. These
figures may provide a rough measure
of the shifts in the trade resulting from
the strike, but do not indicate whether
or not the strike has resulted in an
actual loss in trade due to cancellations
of orders, spoilage or other factors.
An evaluation of recent developments
in exports may be facilitated by a
comparison of the actual exports of
nonagri cultural goods, excluding aircraft and "special category" items with
a value computed on the basis of the
relationship between such exports and
various measures of foreign business
activity, and, wherever applicable,
capital flows. Some of these relationships were published in the February
issue of the Surrey.
These comparisons indicate that exports to Western Europe, although
they did not change significantly from
the previous quarter, have improved
relative to the amount that could have
been expected on the basis of that
earlier relationship. The improvement
has proceeded by small amounts but
steadily since the second quarter of
1962, even after allowing for the
temporary adverse effects on European
production resulting from the severe
winter and major strikes as well as the
related rise in U.S. exports of fuels, and
before allowing for the adverse effects
on U.S. exports of the interruptions in
shipping during January.
Exports to Japan also improved
relative to the historic relationships,
but the improvement was still too small
to draw firm conclusions.
Exports to Canada were lower than
previous relationships would lead one
to expect. The shortfall apparently
started in the third quarter of last year,
and was perhaps partly related to the
SURVEY OF CURRENT BUSINESS
20
import restrictions imposed by Canada
at the end of June, and partly to the
devaluation of the Canadian dollar.
The recent rescinding of the temporary
import restrictions may be expected to
lift exports closer to the computed
amount.
Exports to all other countries which
during the latter part of 1962 were
considerably higher than might have
been expected—probably because of
higher shipments under aid programs,
fell off again. The decline relative to
the amounts computed on the basis of
previous relationships appears to have
been mainly in exports to Latin Ameri-
can countries, some of which are experiencing serious balance of payments
difficulties.
From these computations one may
tentatively conclude that our export
performance in non-agricultural goods
is gradually improving, and that impression is arrived at even without
allowance for the effects of the January
interruption in shipping. The improvement may reflect the efforts to stimulate exports, and perhaps also changes
in price relationships and other factors
influencing the competitive position
of U.S. goods in foreign markets.
Exports of agricultural products
Table 2.—U.S. Balance of Payments by Major Components,1 Seasonally Adjusted
[Millions of dollars]
Calendar year
1960
1961
1962
1962
1
II
1963
III
IV
I P
Goods and Services, Government
Assistance and
Long-Term Capital Accounts 2
\
1
2.
3.
4
5.
Balance on trade excluding exports financed by Government grants and
capital
6
7.
Nonmilitary service exports
Less those financed by Government
grants and capital _
Service exports, other than those financed by Government grants and
capital
Nonmilitary service imports
8.
9.
10.
11
B.
5, 262
5, 022
19,913 20, 479
Nonmilitary merchandise exports . _
19, 459
5, 270
4,925
Less those financed by Government
574
2, 345
595
grants and capital
2,237
1,919
591
585
Merchandise exports, other than those
financed by Government grants and
18, 134
17, 676
4, 688
4, 685
4,427
4, 334
17, 540
capital
Nonmilitary merchandise imports
-14,497 -14,497 -16,145 -3, 942 -4,030 -4, 127 -4, 046
1.
2
3.
4.
5.
6.
7.
8.
9.
Balance on services other than those
rendered under Government grants
and capital
- __ Balance
Other major transactions:
Military expenditures
Military cash receipts
Government grants and capital — dollar
payments to foreign countries and
international institutions
Repayments on U.S. Government loans,
excluding fundings bv new loans
U.S. direct and long-term portfolio investments abroad
Foreign direct and long-term portfolio
investments in the United State^
Remittances and pensions
Changes in Government liabilities 3
Balance
613
4, 385
-3, 985
2,817
3, 179
1,989
485
658
558
288
400
7, 180
7,996
8, 651
2,071
2, 158
2, 139
2, 283
2, 185
288
430
538
144
125
133
136
160
6, 892
-5,434
7, 566
— 5,436
1, 927
8, 113
2, 033
2, 006
2,147
-5,791 -1,423 -1,444 -1,423 -1,501
2.025
-1,447
1,458
2,130
2,322
504
589
583
646
578
4,275
5, 309
4,311
989
1,247
1,141
934
978
-3. 048
320
-2, 934 -3,028
1, 143
398
-754
254
— 748
189
-732
255
-794
445
-741
204
-1,107
-1, 116
-1,070
-269
-248
-241
-312
-226
585
1,201
1, 182
211
578
265
128
-2, 544
— 2, 609
— 2, 766
-556
-835
-547
-828
-1,013
430
-672
1
466
-705
(*)
271
— 736
248
195
-191
66
-182
-10
-176
1
20
— 187
250
28
-217
63
-872 -1,141
-1,774
-6,035
-5,299
C.
Balance on Goods and Services, Government Assistance and Long- Term Capital Accounts _
_
-1,760
10
D.
Recorded U.S. private short-term capital
outflow less foreign short-term credits
to the United States (excluding foreign
liquid dollar holdings)
-1,438
E.
Unrecorded transactions
-683
F.
Sales of non-marketable, convertible
medium-term Government securities _ -
G.
Balance C-j-D+E. _
H.
Balance C+D+E+F ...
x
___
4,998
128
(z)
-4,756 -1,15)3 -1,550
-445
-204
-303
— 1,475
-716
-354
-112
156
-94
34
-905
-1,025
-27
-37
— 469
-492
-44
-3,881
-2,370
-2, 186
-585
-452
-356
-793
-806
-3,881
-2,370
-2,186
-585
-452
-356
-793
-456
269
-207
-796
350
p Preliminary.
Less than $500,000.
1. Excludes military transfers under grants.
2. Short-term capital movements between parent companies and their foreign affiliates are reported as part of direct
investment.
3. Excludes liabilities associated with military transactions, with Government assistance operations, and with sales of
non-marketable medium-term, convertible Government securities.
June 1063
during the first quarter were at a
seasonally adjusted rate of $4.8 billion,
up very slightly as compared to the
previous 3 months, but considerably
below the $5.4 billion average for the
middle two quarters of last year.
Exports of vegetable oils and oilseeds
rose to a new seasonally adjusted high
during January-March 1963. On the
other hand, cotton exports in the first
quarter of 1963 were no higher than a
year ago and were less than half as
large as in the January-March quarters
of 1960 and 1961.
A somewhat better performance—
from the point of view of the balance
of payments—may also be observed in
merchandise imports. During the first
quarter of 1963 imports were about
2.79 percent of GNP, and with adjustments for the shipping difficulties about
2.83 percent. That rate was considerably low^er than the average of 2.92 percent
for 1962 as a whole and the average of
2.9 percent during the first half of last
year. Generally the ratio tends to rise
during cyclical upswings and to decline
during downswings, but the recent development was contrary to that
experience.
A decline in imports of sugar—probably temporary-—was partly responsible
for the relatively low imports, but more
important was the apparently slow
rise in industrial materials. Imports
of automobiles and other consumer
goods continued to expand, however.
Private capital movements
Outflows of private long-term capital
totaled over $1.0 billion in the first
quarter of this year, nearly double the
amounts in the first quarters of the past
several years and exceeded only by the
extraordinary large outflow in the
second quarter of 1957.
The flow for direct investments is
estimated at over $550 million, one of
the largest amounts recorded for a
single quarter and $350 million higher
than the below average rate in the first
quarter of 1962. Experience from the
past few years shows, however, that
sharp swings from quarter to quarter
in direct investment flo\vs are not
unusual.
Investment in Western Europe was
about $415 million, of which about $60
June 1963
million went to the United Kingdom.
The total for continental Europe included nearly $100 million for the acquisition of additional shares in a large
French automotive concern, but if this
is excluded, the first quarter flow to the
continent would still be high.
European countries receiving the
largest capital inflow in the first quarter
were the United Kingdom, France
(mainly because of the large transaction
noted above), Germany, Italy, Sweden
and Switzerland. Manufacturing operations appeared to account for over
half of the total, with automotive outlays especially large. Petroleum investments were also high in several
countries. The sharp increase in direct
investments in Europe is out of line
with expectations based on company
projections of plant and equipment
expenditures tabulated a year ago,
which showed some decline in capital
spending though the total would remain
quite high. It is possible that the first
quarter rise was merely temporary, but
also that expenditure plans for 1963
have been raised (a new report on these
expenditures is now being processed),
or that some pressure on profits has
increased the need for external financingDirect investment flows to other
world areas totaled about $140 million,
and showed no major departure from
the pattern of the recent past.
The other notable factor in long-term
capital outflows was an extraordinary
concentration of new foreign security
issues in the United States, amounting
to about $510 million.
U.S. investors purchased $370 million
of Canadian issues, largely connected
with major financing arranged last year
by the Dominion of Canada and various Canadian provinces and their
agencies. All except for about $20
million were privately placed. Some of
these issues will call for further disbursements in the second quarter and
later in the year, European issues
totaled $85 million including foreign
participations of about $25 million.
New Japanese securities sold to U.S. investors amounted to nearly $50 million
out of a total of $55 million issued, of
which about half were equity securities.
SURVEY OF CURRENT BUSINESS
Most of the European and Japanese
issues were publicly offered.
Information now at hand suggests
that new issues sold here in the second
quarter will be in the range of $300$400 million, but that the rate will
probably be much lower in the second
half of the year.
Other long-term capital outflows in
the first quarter reflected a resumption
of fairly substantial purchases of European securities and participations in
IBED loans.
In contrast to the upsurge of longterm capital outflows, short-term capital returned to the United States on
balance in the first quarter. Banking
claims were reduced by about $80
million, mainly in Europe and Latin
America. The principal shift from the
first quarter of 1962, when bank loans
expanded by $170 million, was in
21
Japan, which received $250 million at
that time but only a minor amount this
year. Preliminary data for foreign
claims and assets held by non-financial
concerns shows a moderate outflow
for the quarter.
The small net inflow of short-term
capital reported by banks was the result
of a $210 million inflow in January followed by renewed outflows of $100
million in February and over $60 million in March. Preliminary figures for
April also indicate large outflows. The
reversal of these capital flows in January
appears to have been temporary, therefore, reflecting perhaps the return of
relatively short-term loans over the end
of the 3^ear. As these loans become
more customary their effects will be
smoothed out in the seasonal adjustments. The first quarter experience
with respect to bank credits, therefore,
Table 3.—Short-Term Private Capital, 1960-62, and First Quarter 1963, by Country arid
Type
[Millions of dollars]
Changes (decreases (— ))
Calendar year
Total short-term capital outflow
(line 37, p. 22)
Total reported by U.S. banks l
Major financial centers, total
United Kingdom
EEC and Switzerland
Canada
By type:
Commercial and financial
claims payable in dollars^ __
Foreign currency deposits
and claims
_ .__
._
Other countries, total
Japan
Latin American Republics
Other
By type:
Commercial and financial
claims payable in dollars. _Foreign currency deposits
and claims
Total reported by non-financial
concerns.
Major financial centers, total
United Kingdom
EEC and Switzerland
Canada
Claims payable in dollars
Foreign currency deposits
and claims
Other countries, total
Claims payable in dollars
Foreign currency deposits and
claims
.
Brokerage balances total
Amount outstanding end
of period
1962
I
1963
1960
1961
1 348
995
305
124
32
149
1,541
1, 109
IfxS
-64
116
116
80
99
37
51
225
69
-68
-99
-6
690
482
180
28
941
670
135
136
308
205
81
22
219
251
-1
-31
44
-20
28
36
648
926
302
230
42
15
6
-11
357
395
266
155
44
163
305
219
21
65
361
-77
76
362
174
17
59
98
127
-4
51
80
17
-28
26
19
145
67
-23
101
168
386
105
112
25
63
-95
137
-25
69
15
-8
82
-20
52
34
92
28
27
18
51
3
79
24
3
4
24
1962
507
277
-31
44
19
-94
1
31
13
-4
37
-36
II
326
171
-48
—22
-29
3
III
I r>
1962
March
1963
73
-90
16
12
-3
7
200
295
144
62
79
3
-31
-79
-53
-24
-38
9
7,179
5,038
1,111
224
441
446
fn.a.
4,959
1,058
200
403
455
31
92
-33
706
672
-15
52
-20
405
386
106
-47
-50
-9
151
21
104
26
-26
11
-65
28
3,927
1,733
1,547
647
3,901
1,744
1,482
675
37
-111
146
-35
3,851
3,816
7
5
5
9
76
85
-96
248
2,056
n.a.
-115
18
5
-102
210
2
43
1,285
227
326
732
n.a.
n.a.
n.a.
n.a.
n.a.
982
n.a.
n.a.
303
n,a.
19
238
771
n.a.
24
28
n.a.
653
n.a.
-6
-9
n.a.
118
n.a.
85
n.a.
-92
-99
-143
-8
-28
107
-137
-37
n.a.—Not available.
» Preliminary
1. Excludes Exchange Stabilization Fund holdings.
2. First quarter 1963 estimated on the basis of partial preliminary reports.
IV
1
213
240
Table 4.—United States Balance of Payments by
All areas
Line
Type of transact ion
1901
1900
1900
1961
1963
28, 739 29, 776 31,329 6,715
1 Exports of goods and services
Goods and services transferred
443
1,765 1,465 1,539
under military grants, net
Goods and services excl. trans3
fers under military gran ts
26, 974 28,311 29, 790 6,272
Merchandise, adjusted, ex4
cluding military
19, 459 19,913 20, 479 4,015
Transportation
403
1,087 1,688 1,749
5
173
921
Travel
900
6
887
Miscellaneous services:
292
Private
1 231 1,407 1,475
7
Government, excluding mili8
30
184
tary
157
153
9
58
402
660
Military transactions
335
Income on investments:
517
2, 355 2, 767 3, 050
Direct investments
10
11
118
800
Other private
697
518
472
Of
380
349
Government
12
23, 205 22, 867 24, 964 5,745
13 Imports of goods and services _
Merchandise, adjusted, ex14, 724 14, 497 16, 145 3, 830
14
cluding military.
44t
Transportation
1,988 1,949 2, 055
15
278
Travel
1, 744 1,747 1,905
16
Miscellaneous services:
103
430
Private
451
450
17
04
400
Government, excluding mili407
313
18
tary.
772
Military expenditures ._
. _ 3,048 2,934 3,028
19
Income on investments:
151
050
004
Private
607
20
339
101
278
332
Government
21.
970
5, 534 6,909 6, 365
22 Balance on goods and services
527
Excluding transfers under mili3, 769 5, 444 4, 826
23
tary grants.
24 Unilateral transfers, net [to foreign -4, 101 -4,024 -4, 178 -983
countries (— )].
-2,336 -2, 559 -2, 639 -540
Excluding military transfers
-103
-491
Private remittances
-470
-458
26
Government:
Military grants of goods and -1, 765 -1,405 -1,539 -443
and services.
Other grants . _ _
— 1 , 664 -1,854 -1,903 -381
28
— 5f
-235 -245
-214
Pensions and other transfers
29
30 U.S. capital, net [increase in U.S. -4,997 -5,078 -4,368 -883
assets (— )].
-3,892 -4,150 -3,273 -653
Private, net
31
— 1,694 -1.598 -1,557 -303
Direct investments, net
32
-523 -1,070 — 29,"
New issues of foreign securities. 33
123
170
Redemptions
34
100
12
Transactions in outstanding
35
— 177 -353
foreign securities.
3
-258 -248
Other long-term net
-200
36
-1,348 -1,541 -507
Short-term, net
37
-1,105 -928 -1,095 -23C
38 Government, net
Long-term capital
— 1 213 — 1 941 -2, 133 -238
39
141
Repayments
636 1,274 1, 283
40
-141
Foreign currency holdings and
-528 -201 -245
41
short-term claims, net [increase (— )].
146
366
42 Foreign capital (lines 43-47) net
728 1,020
(increase in U.S. liabilities +)
132
40
73
141
Direct investments in the United
43
States.
175
139
393
289
Other long-term investments
44
—4
U.S. private short-term com- -90
45
177 -110
mercial and brokerage liabilities.
85
-65
014
U.S. Government liabilities other
26
46
than interest-bearing securities:
251
U.S. Government non-market47
able medium-term non-convertible securities.
U.S. Government non-market48
able medium-term convertible
securities.
653
538
1,438 1, 704
Increase in short-term official and
49
banking liabilities and in foreign holdings of marketable
U.S. Government bonds and
notes (decrease — ).
160
606 1, 533
2, 443
50 Increase ( — ) in monetary reserve
assets, including gold, convertible currencies, and IMF position.
2, 370 2,186
698
3,881
51 Reduction in monetary reserve
assets and increase in liquid liabilities including U.S. Government non-marketable, mediumterm convertible securities (lines
48-50).
698
51 a Excluding increase in U.S. Gov- 3, 881 2,370 2,186
ernment non-marketable medium-term convertible securities.
52
-683 -905 - 1, 025
52 Errors and omissions and transfers
of funds between foreign areas
[receipts by foreign areas ( — )],
II
III
1902
1960
1961
n.a.
9, 856
9, 973 10, 792
n.a.
913
IV
I
7, 322
8, 185
218
305
7,811
7,104
7,880
7, 118
8, 943
9, 362 10,166)
5,001
423
185
5,444
4,888
439
262
440
280
5, 140
441
188
4, 933
419
185
6. 090
727!
89
6, 798
783
92
7. 100
871
104
379
347
365
370
393
349
400
532
572
41
93
41
90
45
228
49
127
49
209
48
166
53
221!
56
266
5S
539
042
170
01
6, 057
3, 083
804
188
104
5, 940
3, 958
644
186
1,059
213
182
6,312
4, 181
720
210
88
5, 864
3,914
478
5, 87'
3, 933
640
20
91
6, 466
3, 900
388!
200
127
6, 307
4,071
525
454
547
008
4o5
350
403
295
495
543
737
477
378
457
312
105
87
100
119
152
121
91
no
104
114
143
108
99
99
87
240
80 1
249
S(
254
725
773
704
080
754
748
732
794
741
1.029!
1,507
1, 000
141
1 03
OX
140
0)5
1,965
1, 422
140
08
940
693
101
80
1,506
1,116
151
856
638
103
91
n.a.
1, 254
381
157
2, 130
1,50-
180
89
1,873
1, 568
381,
180j
2,274
140
09
1,928
1, 604
1 58
811
559
1,460!
1,882
401
191
1, 962
1,336
-1,013 -1,110 -1,267
—826
-975
n.a.
I
II
III
IV
7,204
7, 559
6,997
8,016
7,385
8,437
324
543
247
351
390
626
7,248
6,880
7,016
fi, 750
7, 665
6,995
4,091
437
5,145
410
184
5,012
388
174
4,918
429
240
4. 674
432
292
5, 309
439
188
294
305
340
335
347
346
30
122
43
70
38
85
38
71
39
150
39
88
505
130
6, 054
3. 858
520
128
87
6,014
3,551
753
142
145
5, 392
3, 484
040
158
04
5, 276
3, 399
021
175
91
5,594
3, 457
551
470
008
434
328
422
275
1 05
70
12
110
121
09
702
789
152
80
1, 449
827
11
111
IV
7, 503
6, 855
7, 666
622
282
418
6, 881
6, 573
5. 008
431
238
2
net.
Memorandum items:
Increase in reported total foreign
gold reserves
and liquid dollar
holdings. 2
Through estimated net receipts
from, or payments (— ) to,
the United States.s
Through other transactions 4 _ _ _
1962
1962
I
I
Western Europe
1,856
I
172
70
2,076
1, 725
II
III
83
J
611
626
113;
158
520
183
190!
8, 396
199
8, 091
4,045
8, 830
4, 537
1,040 1,072
006 !
000
1, 139
015
4.174;
547 1,271
XX
-863 -1,055
-983 -1,198
-830
— 578
-111
-581
-637
-133
-659
-117
-655
-109
-583
-114
-662
-130
-720
-1U
-641
—11h
-608
-117
-670
-143
-654
-134
-469
-13x
-505
-147
-476
— 148
-022
—282
-418
-324
-543
—247
-351
-390
-020
-218
-305
n.a.
— 913:
-1,200
-418
-49
-448
-480
-417
— 02
-53
-1,131 - 1, 103 -1,880 -1,397
—Oil
— 020
—480
-413
— 50
-537 —400
—0)0
—08
-572 -1,144 -1,965 - 1, 304 -1,209
-400
-452
-240i -254
-01
-08
-91 i -104
-496 - 1, 359 -1,495 -1,383| -460
— 20S
— 1 20
-592
-676 - 1, 474
-304
-442
-91 -138
19
37
— 40 -153
-906
-199
-170
50
-74
-763
— 4 90
-312
28
-15
-521 -1,083 -1,018 -l,520i- 1,140 -1,258
— 324 -538 — 550 -902! -724 -SOX
-133
-195
~ 4 34
31
11;
11
17
-15
49
— 109' —209
— 00
-131
-468
-538
84
-14
-213
— 505
-491
-085
261
— 67
— 187
-320
-398
-480
130
-48
-60
92
-446
-507
212
-151
— 34
— 73
25
-480
580
40
162
505
120
229 i
470
6
8
17
113:
78
02
-10
13
12
11
-13
235
-98:
270
120
102
289
42
-21;
251
63
:
-475
-741
-331
-111
2(
— 07
-958 -1,540 -1,014
-45S
— 00 — 101 -107
31
44
21
-43
— 79
-986
-334
-187
-181
-390
-353
113
-150
-482
-145
-234
184
-95
— 101
— 593
-340
-388
190
-142
30
-370
414
-309
820
-103
181
57
-18
198
248
27
255
313
59
53
-11
20
32
—5
26
41
121
— 53
1
-7
-8
—20
102
169
79
9
5
-13
97
34
154
— 23
54
10
-32
20
98
141
-383
-409
103
-1
-1,102
— 70
-11
-51
-434
159
33
—200
-276
-660
355
29
14
31
-477
143
-63
-15
-113
-421 ;
-48
137!
680
-232! -277
297!
915
72 ;
42
2
.
— 80
-180
666
-288
898
50
778
— 115
478
251
350
053
442
-195
175
739
1,369
828
1,181
1,174
331
828
1,181
1,174
331
-127
-113
-495
1, 125
432
46
48H
-188
309
287
717
1,224
-717
-213
768
426
-163
881
389
32
1,718
636
1,127
-73
912
1,200
472
323
693
698
669
2, 435
1,860
410
-73
912
1,200
472
323
693
698
319
2, 435
1,860
410
95
-553
123
— 40
-320
-370
-389
4, 189
2, 972
2. 514
SOD
1.030
1, 274
1, 025
402
239
92-
1, 347
590
380
001
3, 847
2, 332
2, 128
089
818
1, 170
1, 104
320
— 82
904
1. 184
459
308
081
342
640
386
171
212
98
-139
130
321
20
103
137
-20
-742
106 -1,359 -2,636 -1,456
802
3.042
2. 000
080
654
L070
— 770 -1.040
197
148
i.yoo
3, 382
493
1.539
Area—1960, 1961,
1962
and First Quarter
1963
of dollars]
Western Europe — Continues
1962
Eastern Europe
1963
1962
1960
I
1
1
!
!
\
'
1
i
!
j
II
IV
1962
1961
I
III
2,871
2,476
2,888
n.a.
187
108
144
2,370
2,684
2,368
1
2, 744
n.a.
2,461
229
163!
162
53
54
30
1, 766
208
21
1, 873
222
28
1, 683
225
31
1,784
216
24
1. 750
204
29
203
140
6;
(A \
131
14
f-n
47
3
43
3
23
4
138|
144
139
151
140
8
8
14
73
15
192
15
94
14!
180
14
136
106
45
59
2, 304
1,137
106
45
30
2,229
1, 073
217
49
109
2,236
1, 203
130
49
16
1,967
1, 062
240
62
340
203
316
247
243
103
228
13
(*}
9
(*)
(')
9
93
2
3
4
63
23
63
25
63
23
405
400
368
433
373
98
47
496
309
94
47
567
380
91
48
247
139
117
49
652
508
96
49
n.a.
494
136
136
-257
n.a.
-30
-113
-42
-108
-31
-30!
— 24 i
-323
-317
-136
-33
-130
-39
-187
-187
-283
61
-30
-385
36
27
120
40
-31
-44
-396
-264
-138
3
24
-309
-211
-15
8
-6
-298
- 160
-8
18
29
— 19
-2
11
-91
114
-12
244
-144
(*)
29
25
5,080
5, 1961
2
2
29
25
c! ij
23
3i
J
(> i
2
(j)
5,386
I
II
1,209
1,502
III
1,287
IV
I
1,388
1,215
9J
20
1
4
(0
4
1
1
(*)
1
(*)
67
67
31
31
-27
-35
-8
-27
—21
-35
—27
-8
—5
-470
A
-117
-22
78
-29
-97
43
25
3
429
-59
513
— 25
-34
-139
254
-63
253
64
29
125
380
110
16
38
16
-8
-22
134
-47
21
-24
-38
-1
-15
-43
25
17
141
—6
148
195
251
\
9
95
79
4
70
70|
46
4
38
5,080
5,187
5,386
1,209
1,502
1,287
1,388
1,215
3
3. 768J
96;
469
3. 710
97'
451
3, 889
107
430
899
908
29
135
982
28
80
916
4
5
85
1, 100
28
130
133!
172
175
39
43
45
6:
2
35!
38
3
26
1
11
1
6
362
211;
464
253
476
280
66
118
71
93
70
173
73
<»4
('8
3,984
2. 899
4,161
3, 073
4, 609
3. 445
974
768
1, 158
897
1, 324
881
1, 153
899
1.014
790
30
11
12
13
34
109
380 !
107
425
102
4921
23
37
26
100
275
27
80
23
08
15
16
!
33
4
49
13
10
14
1
12
1
42
10
-37
-37
48
12
235
235
167
-683
70
48
41
7
4
8
9
—\
(*)
6
25
21
1
28
21
1
2
1
1
19
17
1;
20 i
17J
l|
(*)
^ l| ('} I
(*>
(')
l!
29
29
2!
2'
5
5
-9
— 9i
-7
-9
-8
1
v
(
"1
26
4!
10
10
339
304
84
71
152
28
1,035
1,026
178
35
777
777
42
6
235
235
46
344
344
—36:
-4!
—27
1
-23
_«>
-6
-42
-29
-3
3
0
i
->i
-i
-50
—10!
-7
j^
4
-1
-6
i
-118
-121
— 47
10
-55
2
1
-45
-2
13
1
-4
-26
-2
3
-27
o
-1
6
2
2
-17
8
-25
i
-2
2
_2
2
~4
(*> °
(')
2
(0
(*)
(x)
1
—1
(*)
(*)
(')
19
45
14
201
201
24
25
26
i
27
1
-i
-161
—6
-293
-6
-405
-112
20
10
-164
-51
-41
38
3
-294
-150
-294
23
37
-405
— 79
-368
20
31
32
33
34
35
-10
90
-3
-8
98
1
19
-108
3
3
1
-98
-6
-82
-634
-312
-457
-97
-34
-10
15
28
-13
— 83
-1
78
-1
28
29
30
- 634
-36
-79
2
11
-486
-2
3
-1
7i
-2
-8j
-23
116
28
45
4
39
181
-3
43
18
31
-13
7
-16
-1
21
-15
59
19
15
—6
9
8
12
9
23
8
-9
-26
—5
1
-3
-4
1
37
38
39
40
41
I1)
0)
-1
42
28
43
-14
44
45
46
47
63
-64
36
20
21
22
23
8
32'
-213
7<
,r
(*)
-32
-28
-839 -1,033
-846 -1,031
-47li
-302
-227!
-237
47!
73
-14;
-90
G
9
0)
74
-8
i
oi
1
-i
-i
-i
17
18
7
2
t\
1
1
156;
31 1
1,096!
1,0961
379
(')
4]
225
-137
1
2
n.a.
ll
-25
32
-28
81!
2
-441
-416
— 60
3
-24
— 35
2
-56
(*)
(*)
9
93
81
63
20
-108
30
i
65
20
— 97
-34
54
53
Lnie
1903
1962
|
91
44
15
2,061
1, 124
-205
162
1961
I
IV
187
163
1962
1960
i
II
I
229
1963
i
2,557
-255
!
j
III
Canada
11
—6
1
-3
(*)
4
(*)
—3
184.
330
522
-302
-193
175
269
500
183
71
38
436
-183
119
332
11
-6
1
0
4
-3
184
38
436
-183
119
107
11
-6
1
-3
4
-3
184
236
596
-8
-445
3
249
330
329
-302
-209
599
241
330
329
-302
-209
599
241
-273
— 565
140
325
48
-89
49
r)
50
£1
-89
.51 a
1
-172
35
-134
169
-330
-104
537
-334
106
-287
431
-850
255
-731
986
2
13
9
8
377
11
—6
1
-3
-26
13
403
_2
-358
10
-13
-9
—8
-6
13
(*)
-397
—6
-92
-398
-215
167
r
2
4
—3
109
391
281
- 284
-314
619
260
-301
201
26
203
31
418
234
-143
m
—6
13
_2
_o
-2131
57
-236
-162
6
-13
6
—1
322
334
517
-122
-13
1
Table 4.—United States Balance of Payments by Area —
[Millions
Latin American republics
Type of transaction
Line
1962
1960
1
2
3
4
5
6
8
9
10
31
12
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
20
21
Imports of goods and services
Merchandise, adjusted, excluding military.- _ _ _ _ _
Transportation
Travel
_
_
Miscellaneous services:
Private
_ - _ _ .
_ _ ..
Government, excluding military.._._
IVTilitarv expenditures
Income on investments:
Private
Government
22
23
24
25
Balance o n goods a n d services _
_
Excluding transfers under military grants
Unilateral transfers, net f to foreign countries (—)]
Excluding military transfers .
_ _
13
14
15
16
17
18
19
26
1
29
Pr i vat e remittances
Government:
Military grants of goods and services
Other grants
- Pensions and other transfers
__ _
_
_
.._
_
__. _ _ _ .
_ ._ _ _
_
_ __ _
-
__ _
_
_._ _ _
_ __
_ _ _ _ _
_ .
__ _ _
._
_ _
_ _ _ _
.
_
_ _ _
_
_
_.._
_ _ _ _ _
. _ _ _
_ _
_ _ _ _ _ _ __
__ _
_ _ _ _
1,287
13
1,274
806
59
88
1,334
17
1, 317
817
61
70
n.a.
n.a.
1,200
712
60
75
258
280
28
17
287
36
16
65
8
2
73
8
5
77
10
3
72
10
6
64
10
9
641
88
79
730
121
762
135
113
193
31
25
186
33
30
171
35
25
212
36
33
206
37
27
4,568
3, 619
175
447
4,243
3, 299
186
442
4,387
3, 456
146
477
1,159
936
33
117
1,081
858
32
115
1,038
788
39
130
1,109
874
42
115
1,118
883
39
134
163
61
59
155
65
57
119
73
76
29
16
17
27
19
20
34
18
20
29
20
19
20
19
14
30
14
32
31
9
X
3
8
2
2
8
2
2
662
590
-254
-182
1, 134
1,006
-363
-235
876
795
-353
-272
118
87
-99
-68
284
264
-81
-61
249
236
— 77
-64
225
208
-96
-79
n.a.
82
n.a.
-85
-29
-30
-46
n.a.
-49
-6
-63
-68
— 78
— 17
-16
-16
-72
-106
-13
-128
-151
-16
-81
-176
-18
-31
-20
-41
-4
-13
—44
-4
-700
- 539
— 95
-107
20
-1. 157
-451
- 1 73
-18
-727
-227
32
-102
-151
-36
37
(-')
1
-13
— 107
164
— 69
-13
-38
-111
-500
-020
179
-59
— 75
(*)
-115
-168
51
1
3
16
—9
—9
34
15
29
105
6
-21
16
104
-48
103 ,
50
Increase (— ) in monetary reserve assets, including gold, convertible currencies, and IMF
position
100
109
51
Reduction in monetary reserve assets and increase in liquid liabilities including U.S. Government non-marketable medium-term convertible securities (lines 48-50)
Excluding increase in U.S. Government non-marketable medium-term convertible securities
52
52
212
212
Errors and omissions and transfers of funds between foreign areas [receipts by foreign areas
(— )], net
- --
239
-322
291
-613
51a
52
Memorandum items:
Increase in reported total foreign gold reserves and liquid dollar holdings 2
Through estimated net receipts from or payments ( — ) to the United States ^
Through other transactions ^
I
II
III
T
x
Revised.
* Preliminary, n.a. Not available.
Less than $500,000.
1. Transactions with shipping companies operating under the flag of the Bahamas,
Honduras, Liberia, and Panama are included in "unallocated."
does not indicate a basic change in flow
of such funds to foreign countries which
had continued without significant interruption for most of the postwar period.
The deviation during the first quarter
from that historic pattern compensated,
however, for the exceptionally large
outflow of capital through direct investments and new security issues. The
outflow of private U.S. capital as a
__ - _.
I
1,365
20
1,345
869
57
84
Foreign capital (lines 43-47) net (increase in U.S. liabilities +)
Direct investments in the United States
Other long-term investments
U S private short-term commercial ond brokerage liabilities
U S Government liabilities other than marketable interest-bearing securities
U S Government non-marketable medium-term non-convertible securities
I T S Government non-marketable medium-term convertible securities
Increase in short-term official and banking liabilities and in foreign holdings of marketable
!
IV
1,277
31
1,246
799
58
65
42
43
44
45
46
47
48
49
!
III
5, 263
81
5, 182
3,291
235
307
37
38
3!)
40
41
30
_
II
5, 377
128
5, 249
3,488
230
278
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
_
Loncr-teriTi capital
Repayment*^
Foreign currency holdings and short-term claims, net [increase (— )]
30
31
32
33
34
35
I
5,230
72
5,158
3, 522
266
258
19
- -- _ - - - - . .
1963
1962
1961
-160
-190
-161
-331
199
—29
— 703
-45
—6
24
1
4
18 '
1 i
-230
-65
-1
-19
1
—1
-18
-165
-186
46
— 25
5
-14
— 16
33
-120
18
(x^
3
_2
-41
23
-121
-118
35
-38
29
-226
-127
-22
-83
(*)
— 11
105
— 116
— 99
-148
47
-55
79
25
-12
W
3
3
60
-134
-124
36
-46
-2
10 1
21
47
3
-9
4
49
—22
—2
-18
—7
5
50
8
116
182
217
-24
-58
-9
-84
-17
-51
-51
26
26
-50
-50
98
98
200
200
97
150
82
72
44
-48
160
309
-149
-114
99
-213
22
108
-86
-53
22
-75
-169
81
-88
86
50
36
124
-175
-125
-125
-120
188
80
108
2. Changes in reported total gold reserves of foreign banks and governments (including
international organizations, but excluding the countries of the Soviet Bloc), net of convertible
currencies held by U.S. monetary authorities, plus liquid claims on the United States.
whole during the first quarter was, after
seasonal adjustment at an annual rate
of about $3.8 billion, more than the rate
of $3.3 billion in 1962 but not quite as
high as the rates of $3.9 and $4.15 billion in 1960 and 1961 respectively.
Balance of payments by areas
The area distribution of the balance
of payments (table 4) shows for the
first time separate data for Japan beginning with annual figures for 1961 and
quarterly figures for 1962. These figures will permit a separation of our transactions with the major industrialized
countries from those with other countries.
Memorandum item II in the main
table shows the balances of our transactions with Western Europe, Japan and
1960, 1961, 1962 and First Quarter 1963—Continued
of dollars]
Japan
Other
countries including
Japan
1962
1961
1962
I
1962
1963
III
II
International institutions and unallocated *
All other countries *
1961
I
IV
1963
1962
1960
1962
I
II
III
IV
I
1961
Line
1963
1962
I
II
III
I
IV
1960
1
2
3
8,065
780
7,285
5,257
445
71
2,068
1,859
503
458
425
473
527
n.a.
n.a.
1,608
1,102
70
15
92
78
527
430
24
3
1,985
144
1,841
1,162
73
11
76
473
383
23
3
1,741
97
1,644
1,131
73
27
74
425
337
24
5
2,113
419
1,694
1,186
69
17
77
458
373
24
3
1,709
172
1,537
1,076
69
12
319
503
414
25
2
7,548
832
6,716
4,555
284
67
302
1,859
1,507
96
13
6,697
717
5,980
4,011
355
65
279
2,068
1,766
84
14
279
13
145
302
319
77
74
76
92
78
133
142
38
36
32
36
36
299
67
54
88
6
24
94
6
24
23
1
8
23
1
7
23
2
5
25
2
4
23
2
4
245
65
33
255
81
42
58
17
7
60
20
9
63
21
13
74
23
13
58
22
9
72
00
6
82
(*)
24
84
22
20
21
21
21
13
1
4
6
2
4
960
67
65
15
59
12
26
78
15
7
18
5
5
20
2
7
19
3
7
21
5
6
25
10
1,063
60
83
1,234
76
122
256
16
26
283
20
30
265
19
32
430
21
34
280
18
34
4
39
17
46
32
48
5
11
3
11
4
13
20
13
4
13
10
11
12
5,610
3,916
259
244
1,572
1,054
58
46
1,890
1,358
70
50
420
289
16
9
466
337
20
13
516
382
18
13
488
350
16
15
468
338
16
9
4,108
2,904
164
230
4,481
3,187
176
264
1,080
772
43
70
1,131
803
48
62
1,129
796
45
67
1,141
816
40
65
1,135
806
50
58
554
34
403
599
41
359
672
83
418
163
24
107
142
18
105
202
19
98
165
22
108
143
18
100
13
14
15
16
21
109
980
4
7
381
4
7
376
1
2
96
1
1
89
1
2
94
1
2
97
1
2
93
10
111
649
10
124
665
10
29
152
3
32
168
2
30
175
3
33
170
2
36
171
57
136
100
(')
14
1
68
17
5
17
18
19
38
43
3
19
10
15
4
3
2
3
2
4
2
5
4
5
34
6
36
19
9
3
8
7
9
5
10
4
8
4
2
58
2
61
1
70
00
18
(')18
00
17
1
17
3
17
20
21
2,455
1,675
-2,283
-1,503
496
496
-27
-27
-31
-31
-30
-30
83
83
—8
-8
-8
-8
-6
-6
-91
-91
-7
-7
-15
-15
-9
59
2,589 3,067
2,235
1,872
59
-7
-2,343 -2, 479
IT
-1,626 -1,647
629
457
-624
-452
982
563
-814
-395
612
515
-495
-398
844
700
-546
-402
n.a.
473
n.a.
-423
-297
-297
-112
-112
-353
-353
-156
-156
-86
-86
-45
-45
-68
-68
-34
-34
-126
-126
-26
-26
-73
-73
-51
-51
-65
-65
-13
-13
22
23
24
25
-227
-21
-21
-5
-5
-5
-6
-275
-275
-116
-116
2
-2
-2
-114
-110
-154
-780
-1, 199
-77
-2
-4
-1,749
-858
-154
-118
3
-7
-60
-522
-891
-571
130
-450
-839
-816
-29
-61
1
-18
-14
-695
-23
-64
37
4
75
7
41
20
7
41
351
32
9
-297
I
-2
Q
-57
-49
-54
-55
-59
-832
-717
— 1, 333 -1, 356
( )
2
-81
-76
-172
-373
-22
-419
-328
-18
-97
-326
-18
-144
-329
-18
n.a.
-342
-22
-141 -100 -1,479 -1,446
-719
-407
-98
-119
-362
-15
-26
-348
-137
-138
-25
-47
11
1
31
00
1
-36
-4
00
14
-35
-9
-36
32
-159
-29
-27
-760 -1,039
-22
-2
-29
-16
-738 -1,004
152
145
26
7
-12
-187
-167
(x)
-308
-81
-20
-34
21
10
-58
-445 -236
37
-194
-42
-169
-26
-25
4
2
n
o
55
11
-4
55
-251 -273
-209 -286
31
39
-18
-81
(*)
-1
-1
-572 -318
-516 -318
-17
-53
-11
-101
4
C)
-3
-23
-16
-103
-240 -271
-56
-25
-98
24
39
1
3
-38
-21
-5
-17
(*)
-5
-18
24
-17
-21
5
-1
-75
-58
-5
-48
3
-11
-33
36
-17
-23
3
3
10
24
1
-15
(*)
11
4
1
6
-5
6
(•)
-11
00
14
5
0)
8
1
-10
9
0)
-18
-1
505
175
58
134
138
-3
-6
-212
-1
-2
150
-215
X
-227
-210
34
-51
-18
-24
-33
-3
2
10
-204
-82
-63
-59
-58
0)
2
-20
-1
4
-62
00
00
00
00
1
-4
6 -122
-121
2
-1
4
-5
4
30
31
32
33
34
35
36
37
38
39
40
41
4
17
4
1
5
00
36
4
00
36
5
-1
3
00
58
12
(')
58
115
223
273
176
215
28
-104
37
-44
49
9
9
475
-248
684
250
59
343
32
-31
50
90
25
12
44
109
00
-16
-12
20
-1
2
-34
13
20
42
-355 -117
-234 -116
8
-68
-84
-80
11
17
-54
-98
-1
-1
0)
00
(*)
-73 -121
-62 -121
2
3
2
-14
-1
27
28
29
41
-15
137
—13
5
-11
55
-49
3
48
-6
1
00
-26
4
-7
1
00
-30
-36
-34
53
13
2
5
-3
9
1
2
-5
6
2
-45
70
8
-3
8
-6
9
-42
-3
-19
-21
1
26
-2
-60
13
-8
-12
18
14
1
7
8
9
71
-15
-2
8
-14
-7
93
-1
56
25
13
6
11
-457 -408 -209
-169
-95 -130
-12
-117
-71
-52 -25
-97
4
19
4
9
5 -40
6
23
-19
-31
(*)
-288 -313
-79
-299 -315
-74
48
2
35
-37
-7
-33
(z)
4
5
6
42
43
44
45
46
47
48
501
501
-297
-297
505
505
175
175
58
58
124
124
138
138
55
55
246
246
132
132
73
73
1
1
29
29
29
29
124
124
698
698
25
25
860
860
465
465
87
87
239
239
69
69
-75
-75
51
51a
1,001
626
118
57
-1
25
37
-13
894
768
229
312
105
122
221
-169
374
-49
-221
28
-74
218
208
52
353
1,502
-1, 149
-272
329
-601
505
623
-118
175
232
-57
58
57
1
134
159
-25
138
175
-37
317
1,140
-823
420
900
-480
178
302
-124
68
313
-245
110
134
-24
64
151
-87
183
345
-162
996
495
501
-224
361
-585
928
753
175
473
231
242
84
100
-16
301
153
148
70
269
-199
-58
118
-176
III
55
42
13
3. For "All areas" equals balance (with reverse sign) of line 23 (less net sales of gold by
domestic sources to (-f-) or purchases from (—) the monetary gold stock of the United States),
plus lines 25, 30, 43, 44, 45, 46, 47, and 52. Domestic sales to (+) or purchases from (— )
the monetary gold stock were in millions of dollars: 1960 I, -9; II, -10; III, -5; IV, -10; 1961
Canada. The data on the transactions
with Western Europe are supplemented
by others which exclude the special
Government transactions mentioned
earlier.
These figures suggest the following
conclusions:
1) Our transactions with Western
Europe and Japan show an increase in
net debits excluding special Govern687112—63-
I, -6; II, -9; III, -8; IV, -16; 1962 I, -13; II, -15; III, -12; IV, -18; 1963 I, -15.
4. Line I minus line II for all areas represents gold obtained by foreign central banks
and governments outside the United States.
U.S. balance on recorded transactions with—
Western Europe
Total
1961
1962
19621
19631
776
1,046
134
26
Excluding
special
Government
transactions
106
-349
-7
-89
I
n
Japan
-329
-623
-232
-42
All
other
areas
Canada
and
unrecorded
transactions
-57
236
162
-203
-2. 761
-2, 845
-536
-450
ment transactions from 1961 to 1962
partly offset by an increase in net credits
in our transactions with Canada. In
the first quarter of this year transactions with Japan resulted in a substantially improved balance compared
to that a year earlier, but the balance on
those with Western Europe and Canada
was less favorable.
The balance on all other transactions
SURVEY OF CURRENT BUSINESS
26
which includes transactions with less
developed countries and also unrecorded
transactions with Western Europe,
Japan, and Canada was rather similar in
1961 and 1962, and also in the first
quarters of 1962 and 1963.
2) Recorded transactions between
the United States and Western Europe,
Japan, and Canada account for a relatively small part of the adverse balance
in U.S. foreign transactions. The much
larger part is accounted for by our
transactions with other countries, and
by unrecorded transactions.
Since
these countries themselves generally
have not accumulated reserves it must
be concluded that their dollar earnings
from the United States are used to
make payments to the industrialized
countries, particularly in Western
Europe.
3) The fact that apparently the rise
in European gold and dollar holdings is
not necessarily due to direct transactions between countries in that area
and the United States would imply
that an improvement in our foreign
balance would require that either our
transactions with the less developed
countries be brought into a better
balance (by attracting dollars which
are now spent by these countries elsewhere) or by achieving a sufficient
surplus in our transactions with the
industrialized countries.
Revisions
The following tabulation shows the
major revisions in estimates of the
various series entering the balance of
payments accounts for the years I960,
1961, and 1962, since these accounts
were last published. There are also,
of course, many smaller revisions or
adjustments.
Changes in the transportation accounts on the credit side resulted from
reducing estimated receipts from port
expenditures of foreign ships in the
United States, based on more complete
data supplied by foreign flag carriers,
and downward adjustments of receipts
from pipelines and charter hire. In
1961 these downward adjustments in
receipts were offset by an increase of
$63 million in estimated freight earnings. On the debit side, estimates of
freight payments were reduced by substantial amounts in 1961 and 1962, but
payments for port expenditures abroad
and vessel hire were raised, so that the
net adjustment was relatively small.
Estimates of receipts from foreign
travel to the United States were reduced
substantially in the 1960-62 period as
improved sample coverage of incoming
foreign air travelers indicated that per
capita expenditures in the United
States, particularly of those on pleasure
trips, were lower than previously estimated. The revised figures are very
close to those obtained in a recent spot
survey at the International Airport in
New York.
Among the miscellaneous private
services, data for receipts of royalties,
license fees and management fees were
considerably improved and broadened
beginning in the first quarter of 1962
b}^ the introduction of two mandatory
reporting systems, one covering foreign
subsidiaries or branches of U.S. firms
and the other covering non-affiliated
foreign firms. Receipts from the latter
were raised by $60 million in 1960 and
Principal Revisions in the Balance of Payments Accounts, 1960-62
[Millions of dollars]
Previous estimates
Revised estimates
Specified items
1960
Credits:
Transportation
Travel
Miscellaneous services, private
Income on direct investments
Other private income
- Debits:^
Transportation
___
Private remittances
Direct investment capital outflows
Short -term private capital
__
-- -- --- --
..
---- -
_
._.
---
1961
1962
1960
1961
1962
1,705
968
1,171
2,355
518
1, 685
975
1,244
2,672
631
1,842
1,003
1,399
2,910
801
1,687
887
1,231
2,355
518
1,688
900
1,407
2,767
697
1,749
921
1,475
3,050
800
1,988
628
1,694
1,338
1,991
643
1,475
1,472
2,069
681
1,377
467
1,988
458
1,694
1,348
1,949
470
1,598
1,541
2,055
491
1,557
507
June 1963
1961 and $30 million in 1962. Similar
receipts from foreign affiliates were
raised $70 million over the prior estimate in 1961 and $10 million in 1962—
this series will require further extrapolation to 1960 and earlier years.
Other upward revisions were made in
estimated expenditures in the country
by international organizations and receipts from foreign operations of U.S.
contractors.
The introduction of mandatory reporting systems for direct investments
in 1962 also resulted in upward revisions
of both capital outflows and income
receipts. The new data have not yet
been extrapolated to years before 1961.
Upward revisions in 1962 reflected both
the improved coverage of the sample
and also the inclusion of reports not
yet available when the earlier estimate
was completed, so that most of the
revision applies to the final quarter of
1962.
Revisions were made to income receipts from other private investments,
as the estimated rate of return was
raised, and to outflows of short-term
private capital in 1961 and 1962 mainly
reflecting expanded coverage by the
Treasury of foreign asset holdings of
non-financial concerns.
Large reductions are shown in estimates of net private remittances, resulting from the inclusion for the first
time on the credit side of indemnification payments from Germany (and
small amounts from Austria) to U.S.
residents, and also of private remittances received from Canada and the
United Kingdom. These data are derived from data issued in those countries, since there is no basis in U.S.
sources for a direct estimate of such
receipts. The total amount added in
1962 was $190 million, of which $150
million was German indemnification
payments. Similar adjustments for indemnification will be made for years
prior to 1960, with diminishing though
substantial amounts added to receipts
back to 1955, and relatively minor
amounts in the 1950-54 period.
Seasonal adjustments were revised
on the basis of experiences in 1961 and
1962.
BY ETIENNE H. MILLER
Foreign Travel Spending Up Sharply in 1962 After Pause in 1961
U.O. KESIDENTS spent nearly
$2.9 billion for foreign travel in 1962,
nearly 10 percent more than in 1961.
This includes approximately $430
million paid to U.S. air and sea carriers
for transocean transportation. The
remainder of $2.5 billion—about 9
percent more than in 1961—was spent
in foreign countries or paid to their
transocean carriers. Balanced against
these expenditures were our receipts
from foreign visitors, about $1,038
million, including $117 million paid
to U.S. carriers for transportation to
and from this country. For 1962,
the excess of travel payments over
U.S. travel receipts reached $1.4 billion,
compared to about $1.25 billion in
1961. Data for the first few months
of 1963 suggest further increase in
the excess of travel payments, despite
indications of a continuing rise in
foreign travel spending here,
Relationship to disposable personal
income
A noteworthy factor in the growing
gap between what Americans spend
for travel and what foreigners spend
here has been the increasing share of
the American consumer's disposable
income (income after taxes) spent for
foreign travel throughout the postwar
era. Though still less than one percent
of total disposable personal income,
the proportion spent for travel abroad,
including fare payments, has steadily
increased from $45 million out of every
$1 billion of spendable income in
1951 to about $76 million in 1962. If
the 1951 relationship had been maintained, U.S. travel expenditures in
1962 would have been lower by about
one-third, indicating the importance
of this increased share for our inter
national travel and balance of payments
situation.
The degree of association between
disposable personal income and expenditures on foreign travel during the
post-World War II period has been
quite close, but foreign travel, in
common with other types of service
expenditures, seems to absorb a grow^ing share of income increments. External factors also appear to influence
travel expenditures; an examination of
changes in travel spending in relation
to changes in disposable personal income suggests that travel expenditures
have reacted less strongly to postwar
economic recessions, for example, than
to unrest and tense international conditions in key tourist areas.
During the 1951-62 period an increase of $1 billion of disposable income
has been associated, on the average,
with an increase of about $12 million
in foreign travel expenditures. Stating
this relationship differently, an increase
of 10 percent in disposable personal
income has been associated on the
average with a nearly 20-percent
increase in foreign travel expenditures.
Since neither income nor travel expenditures have actually declined in recent
years—on a year-to-year basis—there
is no evidence as to the potential effect
of a decline in spendable income on
travel expenditures. The largest variations from this average relationship,
shown in the accompanying chart,
appeared on the low side in 1957 and
1961, when international tensions were
a major influence. The decline in 1961
may also reflect the influence of the
drop in business activity during the
latter part of 1960. In 1960 foreign
travel expenditures increased sharply
relative to personal income, influenced
in part by the Olympic games in Rome
in that year.
Almost $100 million of the increase
in travel expenditures in 1962 came in
transocean transportation; the total of
$990 million was about 10 percent more
than in 1961. Although the continued
growth of charter traffic appears to
have reduced average fare payments
somewhat, particularly across the Atlantic, the rapid rise in the total number
of travelers and the increase in travel
to more distant areas kept the transportation share of U.S. travel spending at
about one-third, as in the previous year.
Foreign air and sea carriers received
$563 million, UD 9 percent from the
previous year. Their share of U.S.
travelers'
transportation payments
dropped slightly, however, as U.S. carForeign Travel Expenditures of U.S. Residents
Related to U.S. Disposable Personal Income
3.5
R e l a t i o n s h i p : Travel Expenditures ( M i l l i o n S)
- - 1J64 + 7 2 . 2 DPI ( B i t I ion $t
3.0
200
250
300
350
400
450
Disposable Personal Income- B i l l i o n $
Billion $
.5
Residual s
From AB
0
5
!
1951
1
!
53
!
]
55
1
1
57
1
!
59
U.S. Department of Commerce. Office of Business Economics
1
1
61
1
63
63-6-3
SURVEY OF CURRENT BUSINESS
28
riers increased their receipts from U.S.
travelers by 12 percent to $427 million.
This was about 43 percent of total
transportation outlays, up from about
42 percent in 1961.
A 12-percent rise in the number of
U.S. travelers to oversea areas brought
the total to 1,767,000 for 1962. About
16 percent traveled by ship, compared
with 17 percent who did so in 1961.
Once again, a major portion of the
increase in oversea travel went to the
airlines—of the total increase of 192,000
U.S. travelers, 180,000 used air transportation, while 12,000 chose to travel
by ship. Though their gain was relatively small, ships carried more U.S.
travelers to Europe last year than in
any recent year except 1960.
Table 1.—Expenditures for Foreign Travel
by U.S. Residents
[Millions of dollars]
Year
1929
1937
Total
688
470
Expenditures in
foreign
countries
483
348
Fares paid to —
Foreign
carriers
164
U.S.
carriers
41
final quarters. Perhaps even more
significant has been the increase in
cruise travel carried in U.S. flag ships.
Following changes in regulations which
permitted crack U.S. liners to compete
in the lucrative Caribbean-South
America cruise trade, U.S. ships increased their cruise volume by 53
percent in 1962. During the second
quarter of the year they carried 150
percent more U.S. passengers on cruises.
The share of cruise travel handled by
U.S. flag lines remained small, at 15
percent of the total, but was well above
the 12 percent for 1961.
Cruise travelers are not included in
the number of U.S. residents visiting
oversea destinations, although their
fare payments and spending ashore are
included in data on travel expenditures.
Because their spending patterns are
quite different from other international
travelers, and because they do not as a
rule meet the internationally accepted
definition of tourist, they are treated
as a separate group. Characteristically, 75 percent or more of their
expenditures go for fares and other
shipboard expenses.
95
1947
716
573
55
88
1951
1952
1953
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
1,612
1,814
1, 955
2,140
1,153
1,275
1.372
1,460
201
238
261
320
258
301
322
360
Total spending up, average per capita
declines
Despite generally lower average per
capita spending, U.S. residents spent
about 9 percent more for travel within
foreign
countries in 1962 than in the
390
2,380
1,610
380
1959
*382
2,640
1,745
*513
1960
prior
year.
The total of about $1.9
2,642
1,747
*515
*380
1961
*427
2,895
1,905
1962
*563
billion includes expenses for food,
accommodation, transportation within
*New Series.
foreign countries, souvenirs and other
NOTE.—Excludes travel by military personnel and other
Government employees stationed abroad, their dependents
personal purchases, gifts to friends and
and U.S. citizens residing abroad; includes shore expenditures of cruise travelers; passenger fares exclude fares paid by
family members, and other expendiemigrant aliens.
tures. In contrast to 1961, when
Source: U.S. Department of Commerce, Office of Business
Economics.
travel expenditures were reduced in
several key areas, all major regions
Cruise travel once again showed ex- shared in the increase in American
ceptional strength. More than 265,000 travel outlays.
Americans went on sea cruises, 25 perExpenditures climbed sharply in
cent more than in 1961. As in 1961, Canada, increasing that country's toura substantial part of this increase ism receipts to $492 million, 16 percent
occurred during the summer season— more than the year before. Moreover,
a radical departure from the pattern of the surplus of travel receipts which the
the years before 1961. Cruise travel United States has enjoyed since 1952
by U.S. residents rose 54 percent in the in its balance with Canada disappeared,
second 3 months of 1962 from the same as Canadians spent 7 percent less in
period of 1961, and 33 percent in the the United States, resulting in a $72
third quarter, but only 14 percent and million deficit. Devaluation of the
3 percent respectively in the first and Canadian dollar had the dual effect of
June 1063
stimulating U.S. travel to Canada,
and making Canadian visits here less
attractive. The Seattle Fair is also
believed to have benefited Canada's
travel receipts, as it put millions of
Americans within easy reach of the
western provinces of Canada. Also
significant in the sharp reversal was a
successful Canadian Government move
to discourage tourist purchases in the
United States by severe reduction of
the duty free exemption allowed Canadian travelers.
A resurgence of travel to Europe and
the Mediterranean, after 1961's period
of apprehensions, brought about a large
increase in the number of Americans
visiting the area, but a less than proportionate increase in the amount of
expenditures there. The approximately
930,000 U.S. residents who visited
Table 2.—Expenditures for Foreign Travel
by U.S. Residents, 1958-62
[Millions of dollars]
1958
Total
.
Transportation
Foreign -flag carriers
U.S. -flag carriers
Expenditures abroad
1959
1960
1961
2,140 2, 380 2 640 2 642
680
770
805
320
360
3*0
390
513
3*2
1,460 1,610 1,745
Canada
323
Persons staying under
24 hours
n.a.
Mexico
319
Persons visiting Mexican border only _ _ 210
1962
2 895
895
990
3 SO
563
427
1,747
1,905
365
3 SO
425
492
n.a
350
48
365
47
370
n a
395
233
245
254
2 SO
818
895 1 000
952
1 018
Europe and Mediterranean
."GO
604
704
630
660
United Kingdom
Ireland
France
Benelux
Germany
Austria
Switzerland
Italy
Spain
Israel
Greece
_. ._
Denmark
Norway
Sweden
90
13
93
40
64
19
43
99
21
12
11
16
9
10
102
n a
n.a.
n.a.
na
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
116
12
118
33
83
25
53
122
25
20
15
23
11
14
107
13
105
26
63
22
46
112
24
22
16
19
12
13
112
16
112
26
66
21
45
118
28
23
18
18
12
13
156
29
23
25
174
n.a.
n.a.
n.a.
166
28
42
28
160
31
45
30
178
30
48
38
11
37
n.a.
n.a.
18
15
18
na
18
n.a.
10
11
10
Oversea areas
West Indies and Central America
Bermuda
Nassau. ... _. _. .
Jamaica
Other British West
Indies
Cuba
Netherlands West
Indies
South America
Venezuela
37
9
41
n.a.
45
9
48
8
55
10
Other oversea areas
Japan ... _
Hong Kong ___ _
Australia-New Zealand-. .
65
29
13
76
n.a.
n.a.
85
36
18
114
46
24
125
50
23
5
n.a.
11
12
n.a.
NOTE.—For coverage, see table 1.
n.a. Not available.
Source: U.S. Department of Commerce, Office of Business
Economics.
June 1963
SURVEY OF CURRENT BUSINESS
Europe last year outpaced the 1961
group by 13 percent, but the $660
million they spent in the area was less
than 5 percent higher than in the
previous year.
The reduced duty-free customs allowance was in effect for its first full year,
and had a definite influence in reducing
the average outlays in Europe. Other
factors also came into play, which
probably accentuated the effects of the
lower duty exemption. Once again
the proportion of air travelers, who
stay a shorter period and spend less
than those traveling by sea, increased
slightly. Continued expansion of charter flights made possible visits by a
broader range of income groups, many
of whom might not have traveled at
higher rates, and may have been an
added factor in the lower averages.
A decline in the use of first class air
travel, with its 66 pounds free baggage
limit, has accompanied these changes.
A much larger proportion of the air
travelers now are limited to 44 pounds
of free baggage (the economy class
limit), and in the aggregate this may
have contributed to fewer purchases
and consequently lower average outlays. On the other hand, the average
U.S. traveler stayed about 45 days on
his visit to Europe, about 3 days more
than in 1961, and the average number
Table 3.—U.S. Travelers to Oversea Countries by Means of Transportation
[Thousands of travelers]
1953
Total
Sea
Air. _
Europe and Mediterranean
Sea
Air
West Indies and Central
America
Sea
Air
South America.
Sea
Air
Other
Sea
Air
1959
1960
1961
1962
1 398 1 516 1,634 1 575
1 767
279
317
268
292
1, 106 1,237 1,317 1,307
280
1,487
637
705
832
826
931
218
419
204
501
230
602
206
620
221
710
645
677
641
550
609
55
590
55
622
67
574
37
513
33
576
52
59
71
83
85
6
46
52
9
62
10
73
8
77
64
75
90
116
142
13
51
13
62
11
79
15
101
18
124
NOTE.—For coverage, see table 1: also excludes cruise
travelers, who numbered about 160,000 in 1960, 212,000 in
1961, and 266,000 in 1962.
Source: U.S. Department of Commerce, Office of Business
Economics, based on data of U.S. Department of Justice
Immigration and Naturalization Service.
of countries visited declined to just
over three and a half per traveler.
These developments, considered with
the drop in average spending, suggest
the emergence of certain new characteristics in travel to Europe, such as increased use of rented autos for transportation and, consequently, longer
periods outside of the large, highpriced, population centers, more days
spent touring within a single country,
and probably lower per capital transportation costs on the continent.
Altogether, a trip to Europe and the
Mediterranean in 1962 cost the average
U.S. visitor about $1,315, another decline from 196Ts average of $1,390 and
the 1960 figure of $1,500. Transportation to Europe and return cost the
traveler an average of $610, while expenses within the region on the average
reached about $705 per person. Both
were lower than in 1961, when fares
averaged $630 and other expenses $760,
and continued the decline from 1960.
Travelers reaching Europe by sea
spent more on the trip than air travelers, as has been true in the past.
They paid an average of $635 each for
transportation and spent about $860
in Europe. Part of the reason for the
higher expenses in Europe was a longer
period of stay, but another factor may
have been the necessity of purchasing
intra-European transportation which,
for many of the air travelers, is included in transocean fares. The latter
cost air travelers about $595 in 1962,
down 4 percent, while outlays within
the region dropped to $650 from the
previous year's average of about $700.
The average fare covers not only the
cost of transportation between the
United States and the point of entry
into Europe, but air travel in the
European and Mediterranean area as
well, even when passengers make several stops and changes of airline, if
these fares were included in the ticket
purchased in the United States.
In 1962, 710,000 U.S. residents traveled to Europe by air. Their portion
of the total increased to 76 percent, one
percentage point more than a year
prior. The share of sea travel declined,
but the absolute number of travelers
reaching Europe by ship increased by
15,000 persons.
29
All European countries were host to
more U.S. visitors than in 1961, but
again as in 1961 average per capita
expenditures were consistently lower.
The higher numbers, in some cases,
were not sufficient to offset the effects
of the lower outlays per person: Switzerland, visited by about 5 percent more
U.S. residents, earned slightly less than
a year before, while Denmark had a
slightly smaller increase in U.S. travel
volume but also had reduced earnings.
Among the other leading tourist
countries of Europe, total receipts from
U.S. travelers tended to rise but a
relatively larger number of persons had
had to be accommodated in order to
achieve the higher dollar volume.
France, a major entry point for Europe
and perennial leader in American
visitors, registered an 8 percent increase
in American visitors—the 517,000 travelers to that country spent about $112
million there. A similar situation was
found in the United Kingdom, Italy,
and Germany, each earning tourist
U.S. TRAVELERS AND THEIR TOTAL
EXPENDITURES IN THE EUROPEAN
AND MEDITERRANEAN AREA
Increases in Totals Occurred in 1962
Over 1961 . . .
Thousands of
Travelers
1,000
Million $
1,0001—
800
800
600
600
400
400
200
I
I
I
I
I
I
I
I
!
200
1
But Average Expenditures in the Area
Continued to Decline
Dollars
1,200
1,000
800
I
1953
600
I I
55
I I
57
I I 1
59
61
Data:
63
INS & OBE
U.S. Department of Commerce. Office of Business Economics
63-6-9
SURVEY OF CUEEENT BUSINESS
30
dollars at a reduced rate for each traveler accommodated. In Great Britain,
a 10 percent increase in American
visitors in 1962 brought 5 percent more
dollars for a total of $112 million. Italy
handled 8 percent more U.S. visitors,
received $118 million, also up approximately 5 percent. Travel to Germany
did not recover as fully as that to Italy
or Britain, rising about 5 percent, but
dollar receipts from U.S. tourists rose in
about the same proportion as volume.
Travel to Ireland, Greece, and Israel
continued strong, although their rate
of increase in U.S. expenditures was
not as great as in the year before.
Eelatively small in relation to those in
major European tourist destinations,
American travel expenditures in these
countries tended to rise more sharply
last year.
Increased spending in border areas
brought U.S. travel expenditures in
Mexico last year to almost $400 million.
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,
1961-62
Number of travelers
(thousands)
U.S.
born
Europe and Mediterranean:
1962
1961
Foreign
born
Total expenditures
(millions of dollars)
Total
U.S.
born
Foreign
born
Average expenditures
(dollars)
Total
U.S.
born
Foreign
born
Total
649
582
282
244
931
826
504
484
156
146
660
630
773
824
544
599
704
757
Sea* 1962
1961
137
123
84
S3
221
206
140
134
54
56
194
190
1,007
1, 058
631
689
860
910
Ur 1962
1961
512
459
198
161
710
620
364
350
102
90
466
440
711
761
515
553
656
707
383
353
96
84
479
437
90
86
22
21
112
107
234
245
226
248
234
245
Ireland:
1962
1961
55
n.a.
20
n.a.
75
n.a.
10
n.a.
6
n.a.
16
13
181
n.a.
301
n.a.
213
n.a.
France:
1962
1961
428
395
89
82
517
477
95
90
17
15
112
105
217
225
190
184
213
218
120
n.a.
18
n.a.
138
n.a.
n.a.
2
n.a.
9
n.a.
62
n.a.
90
n.a.
66
n.a.
162
198
31
40
193
238
14
20
6
3
17
26
82
102
108
138
86
108
United Kingdom:
1962
1961
_-
Belgium-Luxembourg :
1962
1961
Netherlands:
1962
1961 i
Germany :
1962
1961
- . _-
252
249
95
83
347
332
40
41
26
22
66
63
162
164
273
269
187
190
Austria:
1962
1961
_
142
142
34
32
176
174
17
18
5
5
22
23
120
124
147
150
123
129
Switzerland:
1962
1961 _
257
253
60
50
317
303
35
37
10
9
45
46
136
146
166
190
142
153
Italy:
1962
1961
331
306
86
79
417
385
92
87
26
25
118
112
275
280
291
332
280
285
112
95
21
15
133
110
23
21
5
3
28
24
205
215
238
215
211
215
119
121
26
20
145
141
14
16
4
3
18
19
120
131
154
167
128
136
60
n.a.
17
n.a.
77
n.a.
8
n.a.
4
n.a.
12
13
133
n.a.
235
n.a.
162
n.a.
63
n.a.
12
n.a.
75
n.a.
13
n.a.
5
n.a.
18
16
206
n.a.
416
n.a.
240
n.a.
42
n.a.
25
n.a.
67
n.a.
14
n.a.
9
n.a.
23
22
309
n.a.
360
n.a.
328
n.a.
Spain:
1962
1961
..
_.
Denmark:
1962
1961
Sweden:
1962
1961
Greece :
1962
1961
Israel :
1962
1961
_ _
!
Includes Belgium and Luxembourg,
n.a, Not available.
NOTE.—For coverage, see table 1; includes the expenditures but not the number of cruise travelers. Average expenditures
of foreign-born U.S. residents are higher than those of U.S.-born travelers in some countries, though they are lower for the
area as a whole, because foreign-born travelers visit fewer countries, and stay longer than the U.S.-born travelers, who visit
more countries on each trip.
Source: U.S. Department of Commerce, Office of Business Economics, based on data of U.S. Department of Justice,
Immigration and Naturalization Service.
June 1963
The reduced duty-free exemption, cut
from $500 to $100 in September 1961,
was probably partly responsible for
lower average expenditures and little
change in total expenditures of travelers
visiting interior Mexico. The volume
of travel to the interior appears to have
been higher than in 1961.
In the West Indies and Central
America, U.S. travel spending hit a
new high, reaching $178 million. The
number of Americans visiting the area
climbed sharply, from 550,000 to
609,000. Here again, average per capita outlays tended to be lower in 1962,
but added volume and large numbers
of cruise passengers (not included in
the volume data) helped bring a 10
percent increase in spending to the area.
Slightly lower total expenditures in
Bermuda were probably related to the
reduced duty-free exemption.
Spending by U.S. travelers in South
America was up about 15 percent in
1962 to $55 million. The number of
visitors increased by only about 2,000,
but average expenditures increased.
Since a large proportion of travel to
South America is for business purposes,
and activities connected with the Alliance for Progress may have intensified
business interest in the area, higher
average outlays for travel seem reasonable. Also, the average U.S. traveler
in South America visited more countries
than in 1961, which would tend to
increase his costs.
Another substantial rise in the volume of U.S. visitors occurred in other
oversea areas in 1962. About 142,000
Americans visited these areas, principally the Far East, and spent approximately $125 million. Average expenditures were reduced from the 1961
level, as a 22 percent gain in the number
of American visitors resulted in only
a 10-percent spending rise. Japan and
Hong Kong continued to dominate the
area in terms of U.S. tourist expenditures. Hong Kong's earnings from the
source remained at about the 1961
level, with lower average expenditures
more than offsetting a rise in volume
of tourists. In Japan, total travel payments from U.S. residents amounted
to about $50 million, up 9 percent
from 1961, with decreased average
outlays offset by additional numbers of
travelers.
SUBVEY OF CURRENT BUSINESS
June 1963
U.S. Travel Receipts Higher
Newly developed data indicate that
average expenditures of European visiEstimates of U.S. receipts from
tors here on pleasure trips and arriving
foreign visitors for travel in this country
by sea tend to be slightly lower than
have been revised for the years 1960,
those of air travelers on similar visits.
1961, and 1962. Development of more
However, business visitors using ships
representative information on characto cross the Atlantic may spend someteristics of visitors from oversea areas,
what more than those coming by air.
with the cooperation of the U.S.
Part of the reason for this pattern is
Immigration and Naturalization Servbelieved to be the incidence of short,
ice, provided the basis for making
three to seven day business trips,
more comprehensive and reliable estimostly to New York City.
mates.
The average pleasure traveler from
U.S. earnings from all foreign visitors
Europe stayed in the United States
in 1962, including those from Canada
about a month and a half, spending
and Mexico, increased slightly over
about $250 while here. Travelers on
1961 to $921 million. As noted prebusiness stayed a shorter period, about
viously, receipts from Canada slumped
a month, and spent over $550. Many
seriously, holding total receipts from
pleasure visits by Europeans involve
all areas to a 2-percent increase. Exvisits to family or friends, so that
cluding Canada, total receipts climbed
expenses are reduced substantially.
about 9 percent over 1961. All areas
There would seem to be some conneccontributed to this increase, although
tion between the fact that British and
the rise from "other oversea countries"
German travelers, in particular, who
was minimal. Foreigners paid about
are by far the most numerous of visi$117 million for transportation to U.S.
tors from overseas, have unusually low
carriers to reach the United States and
expenses in this country on pleasure
return.
trips, indicating that the expenses of
Table 5.—Expenditures by Residents of
many
of them are reduced by hospiForeign Countries in the United States
tality
extended
by family and friends
[Millions of dollars]
here. Thus, the relatively large volume
1960 * 1961 '
1962'
of pleasure travel from these two countries
may have been partly a function
Visitors from foreign countries
887
921
900
Canada
469
451
430
of
family
or other close connections
Mexico
182
217
200
supplementing
such factors as prosTotal oversea countries
236
249
274
Europe and Mediterranean. _.
94
90
106
perity
and
higher
incomes abroad.
United Kingdom
29
30
37
Germany__
n.a.
n.a.
14
For
other
oversea
areas, pleasure
France
n.a.
na
15
travelers
spent
over
$400
each and
West Indies, Central and
South America __ _
100
109
97
business travelers about $650 each.
Other oversea coun tries. ._ __
Japan
46
13
58
14
59
13
r
Revised data,
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 business men employed in the United
States.
Source: U.S. Department of Commerce, Office of Business
Economics.
Visitors from Mexico spent about
$217 million here last year, an increase
of 9 percent over 1961. Those who
traveled into the interior of the United
States spent over $50 million, or almost
a quarter of the total, compared to 17
percent in the prior year.
U.S. receipts from visitors from
Europe and the Mediterranean area
were 13 percent higher than in 1961,
reaching $106 million. The 1960-61
increase had been about 4 percent.
Increase in pleasure travel
Foreign visitors from oversea countries in 1962 totaled 713,000, an entire
increase of 14 percent. Nearly all the
gain was in pleasure travel, in which
category average expenditures are low.
The number of business travelers remained steady at 107,000, while persons
in transit increased only 2 percent to
85,000. There was little change in the
number of students.
Travel from
Europe and the Mediterranean grew
from 300,000 in 1961 to 350,000 last
year. Almost 70 percent came on
pleasure visits, a slightly higher proportion than in 1961. Business travel
increased by 3,000, but the number of
travelers in transit through the United
States was unchanged.
31
Table 6.—Foreign Visitors to the United
States from Oversea Countries
[Thousands of travelers]
Total Busi- Pleas- Tran- Stusit
ness ure
dent
Oversea countries total
1962
1961
Europe and Mediterranean ._ _ 1962
1961
West Indies, Central
America, and South
America
1962
1961
Other oversea areas
1962
1961
713
624
107
107
496
409
85
83
25
25
353
299
69
66
243
191
37
37
4
•5
268
238
17
17
205
174
37
37
9
10
92
87
22
24
48
44
11
9
11
10
NOTE.—Excludes visitors from Canada and Mexico;
excludes foreign government personnel and foreign business
men employed in the United States.
Source: U.S. Department of Justice, Immigration and
Naturalization Service.
British visitors continued to account
for more than one-third of the total
from Europe. The number of German
visitors rose almost 20 percent, while
French visitors were up 44 percent,
though from a smaller base.
After a poor year in 1961, probably
due to economic and political conditions, travel from the West Indies,
Central and South America swung
upward once more, and surpassed 1960,
the previous high point. The 1962
total of 268,000 was 13 percent over the
year before and 8 percent over the
1960 record. Again, the entire gain
was in pleasure travel, all other categories failing to increase. Venezuela,
regularly the source of the largest number of our visitors from South America,
was the point of orgin of 35,000 visitors,
slightly more than in 1961 but still
Table 7.—Foreign Visitors to the United
States from Oversea Countries for Business, Pleasure, in Transit, or as Students.
[Thousands of travelers]
1960
AH Oversea
Areas
Europe l
United Kingdom
Germany.. .
...
602
263
94
37
25
18
Italy
Asia
Japan
Israel
._
51
20
_.
1961
1962
624
288
103
42
97
20
713
341
122
50
3<)
23
23
8
60
21
!9
West Indies and Central America
150
136
153
South America. _ _ _ .
..
Venezuela
Argentina
_. _ _
Colombia
100
40
15
15
102
33
19
15
115
35
15
21
\frica
Oceania Australia
.
__
8
8
30
22
33
22
§
36
24
i For Europe and Mediterranean area combined, see
table 6.
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 aud
Naturalization Service.
SUEVEY OF CUERENT BUSINESS
32
below the 1960 level. Visitors from
Argentina decreased, but those from
Colombia climbed sharply to 21,000.
The number of travelers from other
oversea areas reached about 104,000.
Exchange restrictions limited Japanese
visitors to 21,000, compared to 23,000
in 1961. The proportion who were on
business trips remained high, over 50
percent, but was somewhat lower than
the approximately 60 percent on business trips in the year before. An additional 2,000 Australians came to the
United States, bringing their total to
24,000. In contrast to the Japanese,
three-quarters of the Australians visited
here on pleasure trips.
Plant and Equipment
(Continued from page 5)
more than in 1961 and 1962. Current
annual budgets are about the same as
reported in February, with a sharp
reduction in actual outlays in the first
quarter being mostly offset by larger
expectations for the second half.
Increases in fixed investment this
year center in electric utilities. A
rising trend throughout the year is
June 1963
larger and more efficient freight cars
now becoming available. Improved
earnings and better competitive positions afforded by the new equipment
are proving a substantial stimulus to
increased investment in new rolling
stock. Outlays in road are expected
to remain rather steady through the
year. Planned outlays in aggregate
will rise sharply through the fourth
quarter. In spite of the expansion,
though, total expenditures for the year
will be well below records set in the
early postwar period.
Railroad outlays up; other transporWithin the group of firms engaged
tation spending off
in transportation other than by rail,
Expenditures for new plant and substantial declines in planned expendiequipment by the railroads, which rose tures by air and water carriers for this
one-fourth from 1961 to 1962, are year outweight enlarged budgets of
expected to repeat this experience this pipeline companies, where several large
year. Outlays on road and new equip- new projects are under way. Although
ment are expected to exceed $1 billion capital spending of air carriers has been
with spending rising steadily through- declining since 1960 a substantial pickout the year. Capital budgets of these up is scheduled for the second half of
companies have been revised upward this year, in part reflecting the comabout a tenth since February.
panies' plans to acquire short-range
The projected expansion in capital jet crafts. Trucking firms also are
spending will be concentrated in equip- planning expanded programs in the
ment additions, especially of the new second half.
projected but at a rather moderate rate.
The total for the year, as now planned,
would fall substantially short of the
1957-58 records.
Gas utilities' outlays are expected
to dip below not only last year but also
all other years since 1956. There has
been little revision in plans from those
reported in the previous survey. This
industry was one of the very few in
which actual spending in the first 3
months of the year equaled the anticipated rate.
REVISED STATISTICAL SERIES:
Production of Electric Energy in I960 and 1961: Revised Data for Page S-26
[Millions of kilowatt-hours]
Electric utilities
By source
Month
1960
_ _ ._
_
..
-
_
-
-
-
July
August
September
October
November
December
_ __ „_ ._
Monthly average
_
-
- - -
--
-
May
__
. - - _ -
June
July
August
September
October
November
December
--
--
--
--
--
-
--
.
__
__
Monthly average
- _
Source: Federal Power Commission.
By source
-
By fuels
By water
power
Privately
and rnunicipallv owned
utilities
Other
producers
(privately
owned)
Total
By fuels
By water
power
71, 583
67, 679
72, 316
66, 315
68, 051
69, 637
64, 020
60, 339
64, 374
58, 768
60, 339
62, 130
51, 009
47,811
51, 086
45, 486
47, 306
49, 686
13,011
12, 528
13, 289
13, 282
13, 034
12, 445
52, 330
49, 055
52, 100
47, 859
48, 946
50,951
11,691
11, 284
12, 274
10,909
11, 393
11, 179
7,562
7,341
7,942
7,547
7,711
7,506
7,219
7,002
7,589
7,196
7,352
7,179
343
339
353
350
360
327
70, 871
74, 702
69, 615
69, 443
68, 271
73, 133
63, 666
67, 300
62, 549
62, 173
61, 388
66, 303
51, 801
55, 182
51,119
51, 680
50,627
55, 042
11,865
12, 118
11, 430
10, 493
10, 761
11, 261
51, 738
55, 209
51,553
51, 170
50, 357
54, 255
11, 928
12,090
10, 996
11,003
11,031
12, 048
7,205
7,403
7,066
7,270
6,883
6,830
6,933
7,149
6,825
7,026
6,617
6,572
272
253
241
244
267
258
70, 135
62, 779
50, 653
12, 126
51, 294
11, 486
7,356
7,055
301
73, 752
65, 660
71,816
68, 288
71, 102
72, 532
66, 567
59, 176
64, 675
61, 253
63, 705
65, 295
55, 810
48, 931
50, 799
47, 405
49, 647
51, 835
10, 756
10, 244
13, 876
13, 848
14, 058
13, 460
54,428
48, 374
52, 482
49, 406
51, 783
53, 349
12, 139
10, 802
12, 193
11, 847
11, 922
11, 946
7,006
6,485
7,140
7,035
7,397
7,237
6,739'
6,228
6,812
6,705
7,048
6,927
267
257
329
330
349
310
75, 296
79, 033
74, 333
74, 425
74, 205
78, 449
68, 285
71, 522
67, 184
66, 819
66, 648
70, 909
54, 771
58, 415
55, 264
55, 346
54, 785
57, 179
13,515
13, 107
11, 920
11,473
11, 863
13, 730
55, 036
58,090
54, 815
54, 384
54, 057
57, 431
13, 249
13, 432
12, 369
12, 435
12, 592
13, 479
7,010
7,511
7, 1'49
7,606
7,557
7,540
6,756
7,260
6,931
7,365
7,292
7,246
254
251
217
241
265
294
73, 226
66, 003
53, 349
12, 654
53, 636
12, 367
7,223
6,942
280
1961
January
February
March
April
By type of producer
Total
Total
January
February
March
\pril
May
June
Industrial establishments
BUSINESS STATISTICS
urren
A HE STATISTICS here update series published in the 1961 edition of BUSINESS STATISTICS, biennial Statistical Supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $2.00) contains data by months, or quarters, for the years 1957 through 1960 (1951-60, for major
quarterly series) and averages of monthly or quarterly data for all years back to 1939; it also provides a description of each series and references
to sources of earlier figures. Series added or significantly revised after the 1961 BUSINESS STATISTICS went to press are indicated by an asterisk
(*) and a dagger (t), respectively; certain revisions for 1960 issued too late for inclusion in the aforementioned volume appear in the monthly
SURVEY beginning with the July 1961 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 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
| 1961 | 1962
Annual total
1961
1960
I
II
III
IV
I
II
1962
III
IV
i | n
1963
III
IV
I
Seasonally adjusted quarterly totals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
\Tational income, totalf
Compensation of employees, total
bil $
415.5
427.8
458.0
413.9
417.2
416.6
414.4
411.8
424.3
431.3
444.0
448.9
456.7
459.8
466.6
471. 3
do
293.7
302.2
321.6
290.6
294.6
295.8
293.9
294.1
300.2
304.5
309.9
315.2
321.7
323.8
325.8
330.8
271.3
222 9
9.9
38.5
22.4
46.2
34.2
12 0
11.9
278.8
227.0
10.2
41.6
23.4
47.8
34.8
13.1
12.3
295.8
239. 7
11.0
45.2
25.8
49.8
36.8
13.0
12.8
268.5
221.6
9.8
37.1
22.0
45.2
34.5
10.7
11.9
272.2
224.4
9.8
38.0
22.3
46.9
34.5
12.4
11.9
273.3
224.2
9.9
39.1
22.5
46.3
34.1
12.2
11.9
271.3
221.6
10.0
39.7
22.6
46.5
33.8
12.7
12.0
271.2
220 8
10.0
40.4
22.9
46.5
33.7
12.8
12.0
276.9
225.8
10.0
41.2
23.2
47.2
34.5
12.7
12.2
281.0
228.8
10.0
42.2
23.5
48.1
35.1
13.1
12.3
286.1
232.5
10.8
42.8
23.8
49.5
36.0
13.6
12.5
289.9
235.0
11.2
43.7
25.2
49.1
36.2
12.9
12.6
295.9
240.1
11.2
44.6
25.8
49.5
36.8
12.8
12.8
297.8
241. 4
10.9
45.5
25.9
49.7
37.0
12.8
12.9
299.7
242.2
10.6
46.9
26.1
50.9
37.3
13.6
12.9
303.3
244.5
10.8
48.0
27.5
50.7
37.7
13.0
13.0
45.6
45.5
51.5
48.6
46.2
44.4
43.3
40.1
45.0
46.0
51.1
50.4
50.7
51.0
54.0
53.3
45.4
22.4
23.0
14.4
8.6
2
45.6
22.3
23.3
15.0
8.3
.0
51.3
25.0
26.3
15.9
10.3
49.2
24.3
24.9
14.3
10.6
-.6
46.4
22.9
23.5
14.2
9.2
-.2
43.3
21.4
21.9
14.4
7.5
1.2
42.8
21.1
21.7
14.5
7.1
.5
39.8
19.4
20.3
14.7
5.6
.3
44.8
21.9
22.9
14.8
8.1
.2
46.3
22.6
23.7
14.9
8.7
-.3
51.4
25.1
26.3
15.5
10.8
-.3
50.1
24.4
25.6
15.8
9.9
.3
50.9
24.9
26.1
15.8
10.3
-.2
51.1
24.9
26.1
15.8
10.3
-.1
53.2
26.0
27.3
16.4
10.9
.8
52.9
25.8
27.1
16.4
10.6
.4
Wages and salaries, total
__ do
Private
do
Military
- do
Government civilian
do
Supplements to wages and salaries
do
Proprietors' income, totalcf 1
do
Business and prof essionald"
do
Farm
do
Rental income of persons
- do
Corporate profits and inventory valuation adjustment, total
bil. $
Corporate profits before tax, total
Corporate profits tax liability
Corporate profits after tax
Dividends
__
_
Undistributed profits..
Inventory valuation adjustment.
Net interest
--
-
do
do
do
do
do
__ do
-
do
18.1
20.0
22.2
17.6
17.7
18.2
18.8
19.1
19.8
20.3
21.0
21.5
22.0
22.5
23.0
23.5
do
503. 4
518.7
553.9
501.7
504. 8
503. 7
503.3
500.8
513.1
522. 3
538.6
545.0
552.0
555.3
563.5
571.8
Personal consumption expenditures, total.. do
328.5
338.1
356.7
323.9
329. 9
329. 8
330.5
330.5
335.5
340.1
346.1
350.2
354.9
358.2
363.5
367.8
Durable goods, total ©
do
Automobiles and parts
- do
Furniture and household equipment.. .do
Nondurable goods, total©
do
Clothing and shoes
_~
_ do
Food and alcoholic beverages
do
Gasoline and oil
__ do
Services total ©
do
Household operation
do
Housing
_
_ _ _ _ _
do
Transportation
do
44.8
18.8
19.1
151.8
28.1
79.5
11.7
131. 9
19.6
41.8
10.7
43.7
17.2
19.3
155. 2
28.6
81.1
11.9
139.1
20.6
43.9
11.1
47.5
20.1
19.9
162.0
30.0
84.7
12.5
147.1
21.7
46.0
11.6
45.1
19.0
19.3
150. 0
28.1
78.5
11.5
128.9
19.2
40.9
10.6
45.8
19.5
19.2
152.6
28.3
79.9
11.6
131.5
19.6
41.7
10.6
44.5
18.3
19.1
152. 5
28.4
79.5
11.7
132.8
19.7
42.2
10.6
44.0
18.3
18.7
152.3
27.8
80.2
11.9
134. 2
20.0
42.6
10.7
40.8
15.4
18.4
153.5
28.1
80.3
11.9
136.2
20.2
43.1
10.9
43.5
16.9
19.2
153.9
28.0
80.6
11.7
138.0
20.6
43.6
10.9
44.0
16.9
19.7
156.2
29.0
81.5
11.9
139.9
20.7
44.1
11.1
46.6
19.4
19.8
157.2
29.2
82.1
12.1
142.3
21.0
44.8
11.4
46.3
19.1
19.7
159. 9
29.8
83.7
12.1
144.1
21.3
45.2
11.5
47.2
20.3
19.3
161.3
29.8
84.2
12.3
146.3
21.8
45.7
11.5
47.1
19.3
20.1
163.0
30 3
85^3
12.5
148.1
21.9
46.2
11.6
49.6
21.5
20.5
163.9
30.2
85.6
12.8
150. 1
22.0
46.8
11.8
50.0
21.5
20.8
165.5
30.3
86.5
12.9
152.3
22.3
47.4
12.0
Gross national product, totalf
Gross private domestic in vestment, total
New construction
Residential nonfarm
Producers' durable equipment
Change in business inventories
Nonfarm
..
Net exports of goods and services
Exports
Imports
_
Govt. purchases of goods and services, total
Federal (less Government sales)
National defense?
State and local
By major type of product:*t
Final sales, total
Goods output, total
Durable goods
__
Nondurable goods___
Services
__
Construction
_
do
72.4
69.3
76.6
79.1
73.5
70.3
66.5
60.1
67.6
72.4
76.6
75.9
77.4
76.3
76.2
76.8
do
do
do
do
do_.
40.7
21.1
27.6
4.1
3.7
41.6
21.0
25.5
2.1
1.9
44.5
23.3
28.9
3.2
3.2
40.9
21.5
27.4
10.8
10.6
40.7
21.2
28.4
4.4
4.1
40.5
21.0
27.7
2.1
1.7
40.7
20.5
26.8
\\
-1.5
39.3
19.0
24.4
-3.6
-3.9
41.0
20.1
24.6
2.1
1.8
42.6
21.9
25 8
4.0
3.8
43.2
22.8
27.4
6.0
5.9
41.6
21. 2
27.6
6.7
6.6
44.5
23.3
28.9
4.0
3.9
46.1
24.3
29.2
1.0
1.0
45.0
23.8
29.9
1.2
1.1
43.6
22.6
30.1
3.0
2.7
do.
do
do
2.9
26.4
23.5
4.0
27.3
23.3
3.3
28.4
25. 2
1.4
25.3
23.9
2.4
26.5
24.2
2.8
26.5
23.6
4.9
27.2
22.3
5.3
27.4
22 2
4.0
26.4
22. 4
2.8
26.9
24.1
3.8
28.3
24.5
3.7
28.2
24.5
3.7
29.0
25.3
2.5
28.3
25.8
3.2
28.2
25.0
3.2
27.9
24.7
99.7
53.2
45.7
46.5
107.4
57.0
49.0
50.4
117.3
62.4
53.4
55-0
97.2
52.5
45.4
44.7
99.0
53.1
45.8
45.9
100.8
53.6
45.7
47.2
101.4
53.6
45.8
47.8
104.8
55.4
47.7
49.4
106.0
56.6
49.0
49.4
106.9
56. 5
48.4
50.4
112.1
59.5
50.8
52.6
115.2
61.9
53.0
53.3
116.0
62.1
53.2
54.0
118.2
62.7
54.0
55.5
120.7
63.4
54.2
57.3
124.0
65.9
56.6
58.1
499.4
254. 1
95.0
159.2
188.6
56.7
516. 6
257. 2
94.0
163. 3
9
00 7
58.6
550.6
273. 7
102. 9
170.8
214.8
62. 1
490.8
251. 3
94.0
157.3
183.8
55.8
500.4
256. 2
96.9
159.3
187. 7
56.4
501.5
254.9
94.8
160.1
189.9
56.8
504. 4
254. 1
94.2
160.0
193.1
57.2
504.4
251. 6
90.2
161.4
195.9
56.8
511.0
254. 4
92.6
161.8
199.0
57.5
518.3
257.8
94.3
163. 5
201.3
59. 2
532. 6
265. 0
98.8
166.3
206. 6
61.0
538. 3
268.2
99.9
168.4
211.1
59. 0
547.9
272.6
102.6
170.0
213.5
61.8
554.2
274.7
103.0
171.7
215.9
63.6
562.3
279.2
106.4
172.8
219.5
63.7
568.7
283.1
108.6
174.5
223.2
62.4
.do
do
do
do
do .
do
do
do
do
do
Inventory change, total
.do
2.1
4.1
2.1
4.0
2.1
4.4
-1.1
3.2
10.8
4.0
1.0
6.0
-3.6
6.7
3.0
1.2
Durable goods
_
do
2.3
.0
3.4
1.0
-5.5
-1.3
-3.3
1.6
3.5
2.8
1.9
1.9
3.5
S.6
-.2
-.8
2 1
1.8
Nondurable goods
do
3.4
1.1
2.2
2.2
2.2
3.1
.6
1.9
1.6
-.9
2.5
1.6
3.3
2.0
T
eludes c ata not s hown sef >arately.
Revised.
t Re vised series. Estimates of national income an I product and pei sonal
9 Go •ernmen t sales are not ded acted.
*For qu arterly
data ba ck to 194 7, see p. 35 of the July 196^I SITRVEIr.
income have been revised back to 1959; revisions prior to May 1961 forpersonal income a ppear
on p. 13 of the July 1962 SUBVEY.
cf Includes inventory valuatio n adjustinent.
©In687112—- G3"
S-l
SURVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
1962
Annual total
1961
1960
III
June 1963
IV
I
II
1962
III
IV
I
1963
III
II
IV
I
II
III
GENERAL BUSINESS INDICATORS— Quarterly Series— Continued
NATIONAL INCOME AND PRODUCT— Con.f
Quarterly Data Seasonally Adjusted at Annual Rates
GNP in constant (1954) dollars
Gross national product totalt
bil. $
440.2
447.9
471. 9
439.7
437.7
433.9
443.9
450. 4
463.4
467.4
470.8
471.6
477.7
482.7
Personal consumption expenditures, totaL.do
298.3
304.3
318.2
299.1
298.8
298.2
302.5
306.0
310.6
313.9
316.9
319.0
322.8
325.3
42.2
141.4
114.7
41.6
143.3
119.4
45.2
148.5
124.5
41.8
141.9
115.4
41.8
140.7
116.3
39.0
141.5
117.7
41.3
142.3
118.8
41.7
144.4
120.0
44.4
144.9
121.4
44.1
147.0
122.8
44.6
148.1
124.1
44.6
149.5
125.0
47.6
149.3
126.0
47.9
150.4
127.0
Durable goods
Nondurable goods
Services
do
do
- do
do
60.7
57.8
63.3
58.6
55.8
50.0
56.5
60.4
64.1
63.3
64.1
62.4
62.8
63.4
New construction
Producers' durable equipment
Change in business inventories
do
do
do
34.3
22.7
3.7
34.8
21.1
2.0
36.5
23.8
2.9
34.0
22.7
1.9
34.3
22.2
-.7
33.0
20.1
-3.0
34.3
20.2
2.0
35.6
21.3
3.5
36.1
22.7
5.4
34.6
22.8
5.9
36.7
23.8
3.7
37.7
24.0
.8
36.8
24.8
1.3
35.5
25.0
3.0
Net exports of goods and services
do
1.5
1.8
.5
1.5
3.3
3.5
1.7
.7
1.4
1.3
.7
-.3
.5
.5
79.8
42.3
37.4
84.0
44.5
39.4
89.9
48.7
41.2
80.5
42.7
37.8
79.9
41.8
38.1
82.2
42.9
39.2
83.3
44.4
38.9
83.3
44.1
39.2
87.2
46.7
40.5
88.9
48.3
40.6
89.2
48.6
40.6
90.5
49.0
41.5
91.6
49.3
42.3
93.4
50.7
42.7
400.8
51.4
349.4
416.4
52.8
363. 6
440.5
57.6
382.9
403.1
51.4
351.7
403.7
50.9
352. 7
405.4
51.0
354.3
413.5
52.5
361.0
419.4
53.0
366.3
427.3
54.6
372.6
432.0
56.4
375.6
439.5
57.7
381.8
442.6
58.5
384.1
448.0
58.7
389.3
452.1
59.5
392.6
20.9
25.6
26. 2
22.0
22.2
23.8.
25.5
26.3
26.5
25.4
26.9
26.0
25.8
24.8
Gross private domestic Investment, total
Government purchases of goods and services, total
bil. $..
Federal
do
State and local
do _
DISPOSITION OF PERSONAL INCOMEt
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income total
Less* Personal tax and nontax payments
Equals* Disposable personal income
bil. $
do
do
Personal saving §
do
_
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals or averages:
All industries
Manufacturing
Durable goods industries
Nondurable goods industries
Mining
Railroads
Transportation, other than rail
Public utilities
Commercial and other
__ __
-..
2
8.92
8.59
9. 33
8.98
9.53
7.57
8.61
8.65
9.64
8.02
9.50
9.62
10.18
do
do
do
3.62
1.80
1.82
3.42
1. 57
1. 85
3.67
1.76
1.91
3.62
1.80
1.81
4.01
1.95
2.06
3.00
1.41
1.59
3.46
1.58
1.88
3.34
1.50
1.84
3.88
1.79
2.09
3.14
1.44
1.69
3.69
1.77
1.92
3.72
1.79
1.93
4.13
2.03
2.10
'3.27
'1.62
'1.65
'3.93
'1.96
'1.97
3.91
1.94
1.96
do
do
do
do
do
.25
.26
.48
1.42
2.89
.24
.17
.46
1.38
2.92
.27
.21
.52
1.37
3.29
.25
.24
.47
1.50
2.90
.24
.25
.46
1.58
2.99
.21
.17
.41
1.09
2.69
.26
.18
.48
1.39
2.85
.25
.16
.47
1.50
2.94
.26
. 16
. 60
1.54
3.20
.26
.16
.47
1.06
2.94
.27
.26
.60
1.37
3.30
.28
.24
.50
1.54
3.35
.27
.20
.50
1.52
3.55
'.24
'.21
'.39
'1.04
'3.11
'.26
.30
'.52
' 1.43
'3.40
.26
.26
.49
1. 55
3.62
2 39. 95
-bil. $..
' 8. 25 ' i 9. 84 2 10. 09
Seas. adj. qtrly. totals at annual rates:
All industries
do
35.90
35.50
33.85
33.50
34. 70
35.40
35. 70
36.95
38.35
37.95
' 36. 95 '138.40
Manufacturing
Durable goods industries
Nondurable goods industries
do
do
do
14.65
7.35
7.30
14.40
6.85
7.55
13.75
6.50
7.25
13.50
6.20
7.30
13.65
6.10
7.55
14.00
6.40
7.60
14.20
6.55
7.60
14.45
6.95
7.50
15.05
7.25
7.80
15.00
7.30
7.70
' 14. 85 ' 15. 35 15.80
' 7. 35 ' 7. 65 7.95
7.85
' 7. 50 '7.70
Mining
Railroads
Transportation other than rail
Public utilities
do
do
do
do
1.00
1.00
1.90
5.60
11.75
.90
1.00
1.80
5.70
11.65
.95
.70
1.75
5.35
11.30
1.00
. 70
1. 80
5. 50
11.05
1.00
.65
1.90
5.65
11.85
1.00
. 60
1.95
5. 55
12. 35
1.15
.70
2.05
5.15
12. 45
1.05
.95
2.25
5.40
12. 85
1.10
1.00
2.00
5.75
13.40
1.00
.80
1.90
5.45
13.80
1.05
'.90
' 1.70
' 5. 20
'13.20
4,720
4,730
4,740
4,750
4. 760
4. 770
4.780
4,790
4,800
BUSINESS POPULATION
Firms in operation, end of quarter (seasonally adjusted)
thous
U.S. BALANCE OF INTERNATIONAL
PAYMENTSt
Qiiarterly Data are Seasonally Adjusted
U.S payments, recorded
mil $
Imports:
Merchandise
Military expenditures
Other services
do
do
do
Remittances and pensions
Govt. grants and capital outflows
do
do
U.S. private capital
Direct investments
Long-term portfolio
Short-term
_
U.S. receipts, recorded
3 4, 658
'31,174 '31,778 ' 33, 254 ' 7, 937 ' 7, 993 ' 7, 673 ' 7, 535 '7.917
...do
do
do
Repayments on U.S. Govt. loans
Foreign capital other than liquid funds
do
do
'672
3,405
'705
' 4, 056
'736
' 4, 281
'169
826
'177
'957
' 187
'985
' 4, 150 ' 3, 273 ' 1, 125 ' 1, 377 '1,024
' 1, 598 ' 1, 557 '362
'688
'458
'215
'94
'1,011 ' 1, 209 '221
'474
'542
' 1, 541 '507
'472
' 27, 976 '30,313 ' 32, 093 ' 7, 112
' 7, 001
' 171 '173
'174
'856 ' 1, 029 ' 1, 186
' 1,002
'344
'219
'439
'844
'399
'234
'211
' 1, 280
'397
'464
'419
19, 459 ' 19, 913' 20, 479 4,940
4,986 ' 5, 050 ' 4, 755 ' 4, 987 ' 5, 121
' 7, 515 ' 8, 398 '9,311 ' 1, 905 ' 1, 942 ' 2, 038 ' 2, 088 ' 2, 120 ' 2, 152
636
'366
1,274
'728
' 1, 283
' 1, 020
'196
r 71
'128
'212
Excess of recorded receipts or payments (— )..-do
-3, 198 '-1,465 '-1,161 ' -825 '-992
Unrecorded transactions
'-683
do
' 4, 815 ' 4, 825
' 8, 214 ' 8, 478 8,430
'191
' 182
'176
' 187
217
'1,075 '1,078 ' 1,045 ' 1, 083 1,082
'861
'199
'357
'305
'834
'506
'329
' -1
'711
'359
'188
' 164
' 7, 428 ' 7, 956 ' 7, 247 ' 7, 682 ' 7, 688 ' 7, 901 ' 8, 327
'133
'-60
_
' 8, 653 ' 8, 246 '8,316
1.05
1. 10
2.00
5.80
14. 25
14, 723 ' 14, 497 '16,145
3,422 ' 3, 386 ' 3, 404 ' 3, 826 ' 3, 881 ' 3, 942 ' 4, 030 ' 4, 127 ' 4, 046
3,664
3.985
r 717
3,048 ' 2, 934 ' 3, 028 '789
'725
'680
' 764
' 773
'754
'748
'732
'794
741
' 5, 434 ' 5, 436 ' 5, 791 ' 1, 364 ' 1, 335 '1,318 '1,338 ' 1, 365 ' 1,415 ' 1, 423 ' 1, 444 ' 1, 423 ' 1, 501 1,447
' 3, 892
do
do_. _ 1,694
850
_do
' 1, 348
do
Exports:
Merchandise
,
Services and military sales
3 4, 713 ' 3 4,755
'1.00
' 1. 05
' 1. 95
' 5. 55
r
13. 45
851
'262
'99
'41
' -245
'421
' -670
' -905 '-1,025 ' -193 ' -265 ' -227
' -390
'196
'213
' 5, 022
' 2, 184
'155
'327
' -27
958
556
457
55
' 8, 177
7,668
' 5, 262 ' 5, 270 ' 4, 925
' 2, 348 ' 2, 280 ' 2, 499
'237
'54
' -971 ' -558 ' -415
' 15 ' -303
'867
'493
'335
'39
' 601
' 176
'113
4,998
2,368
'290
'463
168
134
' -301
-762
' -37 ' -469 ' -492
-44
1
Total, net receipts (+) or payments (— )
do
-3,881 -2,370 '-2, 186 -1,018 '-1,257 ' -472
' 31 - '—655 '-1, 274 ' -585 ' -452 ' -356 ' -793 ' -806
'Revised.
*>
Preliminary.
(based
on
incomplete
data)
is
4,797,000.
1
Estimates for Apr .-June 1963 based on anticipated capital expenditures of business.
t See corresponding note on p. S-l (revisions prior to 3d qtr. 1959 appear on p. 8 ff. of
2
Estimates for July-Sept. 1963 based on anticipated capital expenditures of business.
the July 1962 SURVEY).
Anticipated expenditures for the year 1963 are as follows (in bil. $): All industries, 39.24;
§ Personal saving is excess of disposable income over personal consumption expenditures
manufacturing, total, 15.56; durable goods industries, 7.72; nondurable goods industries,
shown as a component of gross national product on p. S-l.
7.84; mining, 1.02; railroads, 1.08; transportation, 1.90; public utilities, 5.61; commercial and
J More complete details are given in the quarterly reviews in the Mar., June, Sept.,
other, 14.07.
and Dec. issues of the SURVEY. Revisions prior to 3d qtr. 1960 will be shown later.
Digitized for 3FRASER
Unadjusted. Data represent firms in operation as of Jan. 1; estimate for Jan. 1, 1963
SURVEY OF CURRENT BUSINESS
June 1963
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
1962
Monthly
average
S-3
1962
May
Apr.
June
1963
Aug.
July
Oct.
Sept.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May V
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCEf
2
Seasonally adjusted, at annual rates:t
Total personal income
Wage and salary disbursements, total
Farm
-
-
443 0
443 5
445 6
448 2
450 4
448. 8
452 4
451 1
453 2 T 456 2
296. 0
296. 9
297.8
298.1
298. 0
298. 5
299.8
301.0
301.5
303. 6
305. 0 ' 307. 2 308.7
118. 2
94.4
75 8
118.2
94 5
76 1
118. 1
94 5
76 2
118.4
94.5
76 4
118. 1
94 1
76 6
117.9
94 0
76 7
117.8
93 9
76 9
117.8
94 0
77 1
117.8
94 2
77 6
117.6
93 8
77 6
118.3
94 7
78 3
119.0
95 4
78 5
46.3
56. 2
12.3
45.6
55 6
12 2
45.9
55 8
12.3
46 5
56 0
12 4
46.7
56.3
12.4
47.0
56 5
12.4
47.0
56 4
12.4
47.1
56 7
12 5
47.2
57 7
12.5
47 5
58 0
12 5
47.8
58 5
12.6
48.1
58 8
12.7
48.3
59. 1
12.7
48 4
59 4
12 8
48 6
59 7
12 9
34.8
13.1
36.8
13.0
36 6
12 8
36 8
12 8
36 8
12 8
36 9
12.7
37 0
12 8
37 0
12 9
37 1
13 2
37 3
13 6
37 4
14 0
37 6
13 4
37 7
12.9
37.8
12.7
37 9
r 12 5
38 1
12 4
12 3
15.0
27 4
33 4
12 8
15.9
29 7
34.6
12
15
99
34
12
15
29
34
12
15
29
34
12
15
29
34
12
15
30
34
12
16
30
34
12
16
30
35
12
16
30
35
12
17
30
35
9
0
8
5
13 0
16 3
31
1
2
38 7
13 0
16 4
31 3
35 3
13 0
16 5
31 6
35 6
13 1
16 6
31 9
r 36 0
13 1
16 6
32 1
36 2
9.7
10.5
10.5
10. 5
11.8
11.8
399 1
423 2
421 2
499 6
436 2
11.9
439 3
441 4
3,061
3,124
2,248
2,937
1,319
1,618
409
918
265
2,979
1,325
1,654
402
963
263
2,153
615
1, 538
412
862
230
121
123
119
122
124
121
136
131
140
109.8
439 7
278. 8
295. 8
295. 3
110.8
87.5
72 9
117.2
93.6
76.2
do _
do
do
43.4
51.8
11.4
do
do
Rental income of persons
do
Dividends
do
Personal interest income
do Transfer payments
do
Less personal contributions for social insurance
Ml. $-.
Total nonagricultural income
441 9
438 3
U16 4
Commodity-producing industries, total.do
Manufacturing only
do. _.
Distributive industries
do
Service industries
Government
Other labor income
Proprietors' income:
440 7
1
440. 5
Ml. $
do
7
8
2
2
8
8
4
2
8
8
g
1
8
7
8
2
9
7
0
5
9
0
2
5
9
1
4
5
9
2
6
8
458 9
120.5
121.2
' 96 4 97 1
' 78 8 79 1
10.5
10. 5
10. 5
10.4
10.5
10.5
10.6
11.7
423 5
424 8
425 9
426 4
428 2
430 4
432 3
2 434 6
434 0
2, 365
2 428
2,792
3 272
3 827
4,933
4 213
3 218
3,372
2,422
2,394
2 230
2,342
667
1 675
441
949
251
2,407
873
1, 534
418
854
237
2,717
1 209
1 508
395
857
241
3,181
1 463
1 718
385
1 046
271
3,543
1 838
1 705
380
1,015
294
4,435
2 398
2 107
396
1 366
394
4,032
2 207
1 825
382
1 108
313
3,141
1 594
l' 547
393
834
289
3,289
1 627
1,662
398
978
249
2.331
877
1,454
368
805
241
2,287
1,560
413
840
259
2,261
674
1 587
406
886
258
88
57
113
96
62
123
99
81
113
112
113
111
131
136
126
145
171
125
182
217
155
166
206
134
129
149
114
135
152
122
96
82
107
94
68
114
93
63
116
137
130
141
98
51
133
110
150
114
82
139
126
118
133
144
142
146
155
176
140
200
235
174
186
225
157
147
161
136
151
169
137
109
90
124
107
68
137
105
55
142
P 118.2
118.3
118.2
119.9
113.9
117.7
122.2
122.5
120.6
117.2
r
11.9
FARM INCOME AND MARKETINGS^ 1
Cash receipts from farming, including Government
payments total cf
mil. $__
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 :cf
All commodities ._
1947-49-100..
Crops
do
Livestock and products.
- do
727
INDUSTRIAL PRODUCTION \
Federal Reserve Index of Quantity Output
Unadj., total index (incl. utilities) t — 1957-59=100..
By industry:
Manufacturing total
do
Durable manufactures
do
Nondurable manufactures
do
Utilities
By market grouping:
Final products total
Consumer goods
Automotive and home goods
Apparel and staples
Equipment including defense
Materials
Durable goods materials
Nondurable materials
Seas, adj., total index (incl. utilities)!
By industry:
Manufacturing total
c
do
109
107
1129
l()
122
7
0
9
6
8
p 118 6
v 117.9
•p 119 4
P 104.9
p 132.3
ll ) 1
119 6
118 4
104 9
119 0
118 8
119 1
105 5
120 4
119 2
191 g
107 5
114.0
113.6
114 5
101.0
117
112
123
106
do
do-do- -do
do ~
111 3
119 7
112 0
112.9
108 3
p 119 7
p 119 7
P 1260
P 117.8
p 119 8
118 6
118 5
19g 3
115.3
118 6
118 95
118
198 4
115.1
119 1
191 3
191 3
191 1
117. 5
116 5
118.8
116,0
119.6
119 4
118 8
102 2
124.3
120 6
do
do
do
108 4
104.8
112 1
p 116.8
p 114.1
p 119.7
118 2
116.9
119 4
118 0
116. 5
119 7
118 7
116.1
121 3
110. 7
108. 7
112.7
..do
109. 8
P 118.2
117.7
118.4
118.6
do
109 7
P 118 6
118 1
118 8
118 9
107. 0
98 9
96 5
107. 5
106. 5
105. 2
P 117.9
P 104 5
P 100 6
P 118.9
P 117.1
P 113.2
118. 5
112 4
112 6
118.6
116.3
113.7
118.2
101 3
96 5
120. 8
117.4
115. 7
Durable manufactures 9
do
Primary metals
do
Iron and steel
do-Nonferrous metals and products ...do
Fabricated metal products
do
Structural metal parts
do
6
8
6
4
192
120
125
106
g
4
8
5
r
117. 9 ' 120. 5
r
r
117 8 '120 7
120 7
118.3
H7 2
r 120 6
102 6
104 9
r 123 2 r 124 0
125 5
' 123 2 r 124 3
126 4
T 123 3 ' 123 7 124 4
r 104 6 r 106 0
108 0
120 0
r 123 7
123 9
121 3
121 0
1°1 7
106 3
117 5
119 4
115 0
103 1
195 0
126 5
19g 3
125. 9
122 0
125 3
126 7
138 1
123.0
122 5
122 2
122 2
135 2
118.
1
129 0
119 4
117 6
131 7
113.
1
193 4
116 1
111.3
121 1
119 7
116.8
122 7
119 9
116.6
123 4
119 2
115.5
122 9
115 1
112. 3
118 1
119.3
119.7
119.8
119. 2
119.6
119.7
120 3
190 4
119 7
120 0
119.1 ' 119. 2 ' 120. 2 ' 121. 3 ' 122. 5
119 7 r 119 8 r 120 6 r 121 9 r 123 2
117.7
96 8
89 5
118.2
118. 5
116.4
118.7
96. 6
87.8
117.9
118.8
115.6
119.8
99 I
99 1
112.9
119.9
115.2
119. 5
99 6
92 s
118.4
119.3
115.1
118.6
98 9
91 o
120.1
117.8
114.2
119.1
100 7
95 3
121.2
118.5
112.8
118. 9
99 7
95 8
120.6
117.2
112.5
19g g
119.1
r
T
r
r H9 0
r 122 4
r 192 4
133 8
116. 1 ' 118. 7
122 1 r 122 6
128 0
r
r
r
T
'119.0
'99 6
96 0
r
r 135 1
120.4
r 123 1
'
'
r
'
'
122 4
122 4
134 9
118. 5
122 2
124.4
122 4
122 1
134
118
123 i
115.9 r ng 7 r 121 4 ' 123 7 126 3
112.3 r 114. 6 r 118. 6
122.0
126
119 7 ' 122 9 r 124 3
125 5
197
121. 7
118.4
113.5
Machinery
Nonelectrical machinery
Electrical machinery
do
do
do
110.4
106 5
115 7
P 123.4
P 119 7
p 128 4
122. 9
117
8
199 7
124. 5
120 0
130 4
125. 9
121 8
131 3
125.4
121.9
130. 1
126.5
124 6
129 0
126.4
123 9
129 6
125.6
123 0
129 0
125.3
122 8
128 6
125.9 ' 125. 2
121 4 r 122 2
131 8 r 129 2
Transportation equipment
Motor vehicles and parts
Aircraft and other equipment
do
do
do
103.6
111.9
95.7
p 118.3
p 134.1
p 103.9
116. 8
134.4
100.7
119. 4
139. 1
101. 6
116.8
132. 0
103.0
122.1
141.3
104.7
122.0
138. 1
107.3
121.5
137. 8
106.7
121.8
138. 1
107.2
121.5
137.3
107.2
121.9
138.2
107.0
Instruments and related products
Clay, glass, and stone products
Lumber and products
Furniture and
fixtures
M is cellaneous manufactures
do
do
do
do
do
115.8
106.3
101.3
115.3
112. 8
p 122.9
p 111.0
P 106.0
p 126.8
p 122.3
122. 3
110.3
106. 4
126.6
125. 5
122. 6
111.9
107. 1
129. 3
125. 2
124.7
112. 5
107. 5
129.2
125. 5
124.9
113.7
103. 4
127.7
126. 9
125.8
114.9
107. 4
128.3
123. 3
124. 3
114.9
108.3
129. 2
124.4
124. 2
113.2
101.5
128.2
122.3
125.0
113.3
106.1
129.3
121.7
125.4 ' 125. 7
110.5 r 113. 9
108. 7 ' 105. 7
129.2
128.6
120. 5 ' 120. 7
117.5
Nondurable manufactures
do
112.9 P 119.4
119.6
120.3
115. 0
Textile mill products
_
do
106.9 p 114.7
116 1
117 1
112 1 p 118 9
117 6
Apparel products
do
118 3
118 4
100. 2 P 102.4
105. 5
Leather and products..
do
102. 9
103.8
113.7 "119.7 117. 5
Paper and products
do
119.6
119.9
r
Revised.
*>
Preliminary.
1
2
The total and components are annual totals.
Italicized total for Jan. 1963 excludes
stepped-up rate of, and special Government life insurance dividend payments to veterans;
total disbursements of $298 million multiplied by 12 (to put on annual rate basis) amounted
to $3.6 billion. Figures for transfer payments and total nonagricultural income reflecting
similar exclusion are as follows: Transfer payments—$35.1 billion; nonagricultural income—
$431.1 billion.
121.0
116.6
119. 2
100. 5
121. 1
122. 5 ' 123. 1
4
7
5
1
123
121
125
107
' 120. 0
105 2
102 2
121.0
118.5
113.9
r
126. 4
r 123 1
r 130 g
' 121. 5 ' 123. 0
T 112 2
120 0
r H2 0
r 121 6
' 123. 7 121.4
119.3 ' 120. 2
' 115. 4 ' 116. 6
' 126. 2 r 126. 9
T 122 7
123 o
r 130 9 r 132 2
r
122. 4 ' 122. 3 ' 122. 1 ' 123. 6
' 137. 9 ' 139. 1 ' 140. 2 '141.9
107.9
106.8 ' 105. 6 ' 107. 0
127.0
'110.7
' 108. 2
126. 6
' 120. 6
' 127. 2
114. 6
'115.7
' 128. 3
'121.3
r
123.8
124 5
124.7
126
128
122
119
127
124
132
125
143
109
' 126. 4 130
'115.1
115
107.8
129.2
132
' 121. 9 125
121.5
121.1
120.8
120.9
120.6 ' 120. 7 '121.4 ' 122. 4 ' 123. 3 124.3
117 1
112 9
115 9
114 5
113 4 r H2 6 r 114 o
112 7
115 6
123 2
122 3
122 5
118 t
120 5
122 2
121 4
123 2
122 5
106.6
99.4
100. 6
100.8
100.7
96.4
98.7
99.6
122.1
120.5
120.9
120.8
120.3 ' 123. 3 ' 123. 9
119.6
121.5
fSee corresponding note on p. S-l. cf Revised beginning 1959; revisions prior to May
1961 will be shown later.
9 Includes data not shown separately.
^Revised series. Revisions for 1956-61 for total and summary groups (seasonally adjusted) appear on p. 19 of the May 1963 SURVEY.
SUKVEY OF CURRENT BUSINESS
S-4
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
1962 P
Monthly
average
.Tune 1963
1962
Apr.
May
June
July
Aug.
1963
Sept.
Oct.
Nov.
Feb.
Dec.
Jan.
110.2
94.0
Mar.
Apr.
May p
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION J— Continued
Federal Reserve Index of Quantity Output— Con.
Seasonally adjusted indexes— Continued J
By industry— Continued
Nondurable manufactures— Continued
Printing a,nd publishing
1957-59= 100..
Newspapers
. _
do
Chemicals and products
do
Industrial chemicals
do
Petroleum products
__do
r
111.5
106.0
123.3
129.6
108. 7
114.6
108.5
135.6
146.9
112.8
114.4
107. 5
131.6
142.2
109.6
114.9
107.9
135.7
145.8
112.6
114.7
108.6
137.1
147.7
115. 1
115.7
110.3
137.6
149.7
113.4
116.3
111.8
138.3
150.7
112.1
116.2
111.3
139.0
151.0
113.6
114.6
108.2
139.5
153.1
113. 6
114.8
109.7
139.1
152.7
113.0
112.3
100.5
138.6
150.5
114.2
110.5 «• 109. 7
93.9
90.8
' 140. 0 ' 141. 4 ' 143. 4
r
'
153.
1 r 154.8
152. 6
114.3
114.3
115.5
-do
do
-do
do
-do
111.9
110.3
110.6
107.9
110.8
129.0
113.0
113.8
108.7
112. 3
124.0
112.3
113.6
105.2
110.3
130.2
112.9
113.9
107.3
112.5
132.8
112.9
113.5
109.4
108.2
136.1
114.3
115.1
109.7
113.4
134.8
114.0
115.5
105. 9
112.0
133.4
114.6
115. 5
109.8
116.0
134.1
113 9
114.6
109. 9
108.6
133.4
114 0
114.7
110.5
115.2
135. 5
114 6
115.1
111.9
111 4
<• 131. 4
do
do
do
do
do
-do
102.6
90.1
103.1
103. 0
111.9
109.4
104. 9
94.3
105.5
105.1
112.5
109.6
105.5
97.6
105.3
104.1
120.0
106.9
104.8
92.2
104.7
104.1
116.6
115. 1
104.6
91.8
105. 3
105. 6
109.5
113.8
106.1
91.8
107.4
107.7
110.4
114.5
105.5
93.7
106.2
106.7
104.1
117.9
105.9
93.8
107. 5
107.8
97.8
118.2
105. 5
94.0
107.6
107.2
96.8
114.0
106.2
96.3
107 4
107.5
106.2
111.6
103.0
93.2
104 2
103.8
114.9
99.7
103.0 r 104. 7 r 105. 4
96.1
95.1
93.9
105.3 rr 106. 0
102.6
101.6
104.8
104. 9
' 110.1 M14.3
M15.7
Mil. 9 r 106. 2 M10.2
do
do
. do
122.8
123.2
121.5
132. 3
133. 2
129.8
128.1
129.3
124.2
129.8
131.8
123.6
132.4
135.1
123.8
133.5
136.2
126.4
132.3
134.5
128.6
133.0
134.2
127.5
133. 5
134.5
126.2
135. 1
136. 3
124.6
135.5
136.1
126.8
r
r
135. 9
138. 0
do
do
do
111.3
112.7
112.0
119.7
119.7
126.0
118.5
119.1
126.5
120.2
121.1
128.9
120.6
120.9
126.5
121.7
121.7
127.9
121.6
120.9
126. 3
122.0
121.8
127.6
121.5
120.8
127.1
121.4
120.7
127. 6
121.4
120.5
129. 9
r
122. 3 «• 122. 6
121.8 ' 122. 9
do
do
do
111.8
108.6
116.0
131.1
135.9
124.9
129.4
133.9
123.5
132. 8
140. 8
122.3
126.8
129.3
123.6
135. 2
142.4
125.7
134. 1
140.0
126. 3
135.3
141.2
127.5
135 8
142.1
127.5
135 4
141.1
128. 0
137 2
142.0
130.8
do
do
-do
112.2
109.9
112.8
122.2
118.0
123.9
124.4
123.8
123.8
126.0
124.2
124.5
126.2
123.3
126.5
122.7
118.5
124.3
121.2
115.2
125.4
122.2
115. 8
127.9
121.1
116.7
125. 8
122. 1
118 1
125. 8
124. 8
121.1
125.4
r
r
Apparel and staples
do
Apparel, incl. knit goods and shoes.do
Consumer staples
do
Processed foods
do
112.9
109.0
114.0
110.5
117.8
114.6
118.6
113.7
116.5
114.2
117.1
113.6
117. 9
114.8
118.8
114.3
118.4
115.6
119.2
112.8
119.2
115. 4
120.3
115.9
118.6
114.9
119.7
115.6
119.6
116.1
120.6
115.7
118.4
116.1
119.1
114.0
118.9
116.2
119.7
114 3
119.0
118.3
119. 7
114 4
'119. 2
115.7
Beverages and tobacco
do —
Drugs, soap, and toiletries
-do
Newspapers, magazines, books do
Consumer fuel and lighting
do
109.5
120.7
114.9
119.2
109.9
129.5
116.8
127.3
106. 9
125.8
115.7
125. 1
109.1
129.9
117.4
126.9
109.0
131.9
117.7
130.7
110.9
131.5
117.7
128. 3
108.0
131.0
117.0
127.0
111.9
132. 0
117.0
128.9
109.5
131.6
116.4
128.0
112. 1
130. 8
116.4
129. 0
111.7
132.9
115.8
127.9
1 f 114. 3
114.0
134.2
135.2 ' 137. 7
113.9
115.0 M15.3
' 129. 7 133.4
131.4
Equipment including defense 9
do Business equipment
do
Industrial equipment
do
Commercial equipment
- - do__ .
Freight and passenger equipment- -do
Farm equipment
-do
108.3
110.1
107.4
127.0
103.4
93.4
119.8
122.1
117.2
143.1
117.2
107.7
117.0
119.3
115.1
144.0
109.7
102.6
118.5
121.2
116.7
144.4
111.2
105.6
120. 1
123.1
118.5
144.8
114.9
110.4
121.8
124.4
119.0
145.6
121.0
110.4
123.2
125.6
119.2
144.7
124.2
110.8
123.2
126. 2
118. 9
144.9
125. 2
116. 6
123.6
126.6
120.4
143.8
125.6
117.3
123.1
125.9
120.5
144.4
124. 5
117.6
123 2
126. 0
119.9
1 14. 2
126.7
123.3
r
r
122 0 r 121 5 r 120 7
125. 0 125.0 Tr 124 9
118.8
119.3 r 119. 2
145.3
144.5
143 8
126.2 * 126. 9 r' 126. 3
123.2
118.8
119 7
do
__do
do__ - - do
do
108.4
104.8
107.9
105.7
105. 2
116.8
114.1
127.5
118.9
110.4
117.1
116.2
134.7
120. 3
110.7
117.0
114.6
134. 5
119.5
111.4
117 1
113.7
127.0
120.8
111.8
117.0
113.8
134.2
119.3
112.1
117.7
114.8
130. 6
119.2
112.6
118. 1
114.9
129.7
121.3
113.3
117.2
114.0
127.6
121.0
111.2
117 8
114. 1
126. 9
120. 4
111.3
117 1
113.2
128.5
120 3
108.6
r
r
r
116 8
113 3
129. 3
121 4
108. 6
-do
__do
do _
do
112. 1
110.5
111.3
110.0
119. 7
116.1
117.0
115.7
117. 9
114.1
113.1
114.6
119.3
116. 1
115.9
116.2
120.5
116.9
117. 5
116.6
120.3
116. 1
117.2
115.5
120. 7
116.5
116.4
116.6
121.5
118.1
118.6
117.9
120.5
116.2
115.9
116.3
122.3
118.2
120 5
117.1
121.0
117 1
117 9
116.7
M21.8
' 116 0 r 116 7
118 5 rr H9 3
M14. 7
115. 4
r H7 g
r 121 4
r
107. 1
Business fuel and power
___do
Mineral fuels
do _ _ 102.0
Nonresidential utilities
do_ _. 121.0
BUSINESS SALES AND INVENTORIES §
Mfg. and trade sales (seas, adj.), totaled
bil.$__ 161.52
111.6
104.7
130.1
110.9
104.6
127.7
110.9
103.6
130.2
111.8
104. 5
131.4
112.6
106. 1
130.9
112.0
105. 5
129.1
112. 7
106.6
130.2
113.1
106. 5
131.9
114.1
107.2
133.1
111.7
103 8
132.9
Mil. 7 M13.9
105 6
102 9
r
135 9
134 3
M13.3 M14.6
r 105 2 T 106 7
134 7
Rubber and plastics products
Foods and beverages
Food manufactures
Beverages
Tobacco products
Mining
_
Coal
Crude oil and natural gas
Crude oil
Metal mining
__
Stone and earth minerals
Utilities
Electric
Gas
By market grouping: J
Final products total
_
Consumer goods
Automotive and home goods
Automotive products
Autos
Auto parts and allied products
Homo2;oods9
Appliances TV, and radios
Furniture and rugs
-
Materials
Durable goods materials 9
Consumer durable
Equipment
Construction
Nondurable materials 9
Business supplies
Containers
General business supplies
Manufacturing, total
Durable goods industries
Nondurable goods industries
Wholesale trade, totaled
Durable goods establishments
Nondurable goods establishments
Retail trade, totalcf.
__
Durable goods stores...
Nondurable goods stores
* 116.
1
113.0
r 130.
0
125. 4
116.5
130.0
r 120.
2
113 8
' 138. 2
140.3
r 130.
7
137.7
142.0
132.1
r
r
125. 9
119. 8
126.0
r 120.
r
r
r
114 9
115.5
r
r
106. 5
100. 8
r
105 8
105.3
113.5
114. 1
T
136 5
r
T
r
r
r
r
T
107.6
105
107
108
136 5
r
122. 2
5
123.1 ' 122. 9
131. 1 M31.9
123.0
123.4
133
137 7
136 3
141.8 M41. 9
132. 1
129. 1
139
144
r 122.
4
116.6
M21.4
114.5
113.7
139.5
115. 7
116.0
113.9
114.2
136. 4
138.1
118
127. 4
123. 6
127. 4
120.6
116.4
121.8
115 2
127.9
127.0
T
r
120 1
116.0
121 2
114 7
120
122
r 115.
T
r
r
r
r
118 0 T 120 2
114 4 T us i
130. 9 T 134 0
121.2 T 122 2
109. 2 112 4
r 120. 5
65. 94
66.22
66.39
65. 25
66.51
66.09
66.86
66.58
67.52
67. 03
66.56
33.26
16.20
17.06
33.48
16.40
17.08
33.50
16 40
17.10
32.96
15 89
17.08
33.40
16.33
17.08
33.29
16.35
16.93
33.68
16.34
17.34
33.48
16 34
17.14
33.86
16 46
17.41
33 36
16 18
17.17
33 13
16 01
17 13
-do
do
do
_do
do
do
12.56
4.28
8.27
18. 23
5.61
12.63
13.06
4.52
8.54
19.61
6.24
13.37
13.06
4. 59
8.48
19.67
6.33
13.34
13.38
. 4.60
8.78
19.51
6.17
13.34
13.13
4.52
8.60
19.16
6.03
13. 13
13.35
4.64
8.71
19.76
6.38
13.38
13.16
4.49
8.67
19.64
6.13
13.52
13.48
4.69
8.80
19.69
6.12
13.57
13 27
4.60
8.67
19.82
6.48
13.34
13.42
4.66
8.76
20.23
6.52
13.71
13 47
4 68
8.80
20.20
6.45
13.75
13 18
4 75
8 43
20. 25
6 48
13 77
95.54
98.80
97.26
97.52
97.88
98.15
97.90
98.38
98.70
98.54
98. 80
99.08
55.20
31.47
23.72
57.40
32.69
24.71
56.69
32.47
24.22
56.81
32.58
24.23
56.91
32.58
24.34
57 00
32.63
24.37
56.97
32.69
24.28
57 19
32.74
24.44
57 27
32.76
24.51
57 19
32.66
24.53
57 40
32. 69
24.71
57 48
32.73
24 76
13.89
13.78
13.70
6.97
6.95
6.88
6.82
6.83
6.91
27.08
26.87 26.94
11 43 11 42
11. 45
15.52
15.44
15. 62
on unadjusted data,
13.97
7.03
6.94
27. 18
11 59
15. 59
_ .-do
do
do
8
f 115.0
M15. 2
«• 114. 2
114.6
136 5
141.3
130.2
30.73
14.54
16.18
Wholesale trade, totalcf
do
13.48 13. 97
Durable goods establishments
...do
6.89
7.06
Nondurable goods establishments
do
6.60
6.90
Retail trade, total f
do
26.86 27.43
Durable goods stores
. _ _do _
11.52
11 73
Nondurable goods stores
do
15. 34
15.70
r
1
Revised.
*> Preliminary.
Total and components are based
t See corresponding note on p. S-3.
9 Includes data not shown separately.
115.0
_.do
do
do
Mfg. and trade inventories, book value, end of year
or month (seas, adj.), total f
bll.$-_
Manufacturing, total
Durable goods industries
Nondurable goods industries
1
r 115.2
r 132.
116. 7
109.7
145.7
r
122. 4
115. 7
136.5
118.6
r 120 8
124 8
119 2
143 5
126.0
115 1
r 122 6
r 121 1
135 5
123 0
115 1
r
124. 1
118 9
117 0
119.9
68.13 68.40
34 09 T 34 33
16 54 r Ig 63
17.55 r 17 70
34 86
17 08
17' 78
13 69 r13 71
4 80
4 78
8 90 r g 93
20. 35 * 20. 36
6 58 r 6 62
13 77 r 13 74
13 61
4 81
8 80
20.36
6 64
13 71
99.23
99.88
r
'99. 62
57 69 rr 57 91
32.87 32. 92
24 82 r 24 99
122 4
127
124 6
123
126
117
110
68.82
58 ^1
33.19
95 02
14.03
13.86
13.97
14.05
13.96 r r14. 04 14.00
7.09
7.07
7.06
7.05
7.06
7.03
6.96
6.94
6 90
6.79
6 99
6 90 r 7 02
7 05
97 59 r 27 67
27 43
27 49
27 40
27 54
27 66
11 76
11 83 11 73
11 72
11 78 r 11 78 U n\ _
15.64
15. 70
15.66
15.' 82
15. 81 r 15. 88
15.92
§ The term " business" here includes only manufacturing and trade. Business inventories
as shown on p. S-l cover data for all types of producers, both farm and nonfarm. Unadjusted
data for manufacturing are shown on p. S-5; those for retail and wholesale trade on pp. 8-11
and S-12.
d" See note marked "f" on p. S-ll.
t Revised series. See note marked " J" on p. S-ll.
13.88
7.01
6.87
27.05
11 51
15.54
13.95
7.08
6.87
27 24
11 66
15.58
.Tune
SUKVEY OF CURRENT BUSINESS
1963
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961 | 1962
Monthly
average
S-5
1962
Apr.
May
June
July
Aug.
1963
Sept.
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
May
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES— Con.
Inventory-sales ratios:*
Manufacturing and trade total
ratio
Manufacturing total
Durable goods industries
Purchased materials
Goods in process
Nondurable goods industries
Purchased materials
Finished goods
Wholesale trade, total
Durable goods establishments. _
Nondurable goods establishments
Retail trade total
Durable goods stores
Nondurable goods stores
1 47
1 47
1 50
1.48
r
1.48
1.47
1.48
1.46
1.47
1.49
1.46
1 46
1 45
1.71
2 00
.51
.82
.68
1.69
1 99
.50
.81
.68
1.72
2 02
.51
.81
.70
1.73
2 04
.52
.82
71
1.69
1 99
.50
.80
.69
1 69
1 98
. 50
.79
.69
1 67
1 94
49
78
67
1.41
.54
21
1 41
53
21
.67
do
do
do
do
1 69
1 98
52
.79
67
1 70
1 99
53
79
67
1 73
2 05
54
.82
69
1.71
2 00
52
.80
68
1.71
2 00
.52
.80
.68
1.70
2 00
.52
.81
.68
do
do
do
1 42
.56
20
.66
1 42
55
20
66
1 43
.55
20
.67
1 43
.55
21
.67
1.43
. 55
.21
.68
1.41
.54
.20
.67
1.43
.55
.21
.67
1.41
.54
.20
.66
1.44
.55
.21
.68
1.45
.55
21
.68
1.41
.54
.21
.66
do
do
do
do
do
do
1.05
1. 50
.80
1 37
1.81
1.16
1 03
.51
78
38
85
16
1.06
1.54
.80
1 41
1.90
1.19
1.05
1.52
.80
1 38
1.82
1.17
1.06
1.56
.79
1.38
1.88
1.15
1.03
1.51
.78
1.38
1.90
1.15
1.06
1.54
.80
1.38
1.81
1.17
1.03
1.52
.77
1.36
1.81
1.14
1.04
1.51
.78
1 36
1.82
1.14
1.07
1.48
.83
1.36
1.82
1.15
1.02
1.47
.78
1.36
1.79
1.15
r
.66
' 1. 02
r
'.79
1.36
1.78
1.16
1.03
1.45
.80
1 36
1.77
1. 16
1.47
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Sales, value (unadjusted), total
_.
.. bil.$--
30.73
33.26
33. 17
34.67
33. 95
31.34
34.03
33.46
36.10
34.13
31.66
32.34
31.87
' 34. 90
35.40
do. __
do
do
do
14.54
2.06
1.25
1.68
16.20
2.18
1.31
1.88
16.41
2.37
1.47
1.80
17.24
2.31
1.38
2.01
16.83
2.15
1.24
2.03
15.06
1.79
1.03
1.89
15. 96
2.09
1.24
2.19
15.95
2. 00
1.17
2.05
17.61
2.17
1.25
2.08
16.67
2.11
1.23
1.84
15.64
1.92
1.12
1.63
15.51
2.08
1.21
1.70
15.36
2.01
1.17
1.68
r 16. 98
17.50
2.49
1.52
1.97
4.87
2.00
2.87
1.25
5.31
2.18
3.13
1.37
5.37
2.12
3.25
1.36
5.61
2.20
3.40
1.44
5.59
2.25
3.34
1.43
4.87
1.92
2.95
1.30
5.38
2.22
3.15
1.38
5.28
2.23
3.05
1.34
5. 57
2.36
3.21
1.42
5.34
2.28
3.06
1.41
5.30
2.24
3.07
1.40
5.02
2.09
2.93
1.32
5.16
2.12
3.04
1.35
^2.28
3.44
'1.52
5.68
2.18
3.49
1.52
do
do
do
do
3.24
1.94
.82
.76
3.85
2.41
.90
.82
3.94
2.47
.88
.79
4.23
2.70
.94
.87
3.96
2.42
.94
.90
3. 68
2.33
.83
.84
2.95
1.47
1.05
.95
3.45
2.04
.94
.86
4.36
2. S3
1.02
.95
4.24
2.81
.94
.86
4.09
2.66
.77
.72
3.96
2.70
.83
«.74
3.80
2.48
.83
.71
'4.11
'2.69
'.93
.82
4.21
2.80
.94
.91
do
16.18
17.06
16.76
17.43
17. 13
16.29
18.07
17. 51
18.50
17.46
16.03
16.83
16.51
4.80
.42
1.22
1.13
2.49
3.21
.50
5.05
.43
1.37
1.20
2.73
3.19
.55
4.84
.41
1.34
1. 18
2.83
3.06
. 56
5.15
.46
1.37
1.22
3.00
3.19
.59
5.14
.44
1.40
1.23
2.78
3.14
.57
4.94
.45
1.21
1.10
2.58
3.10
.53
5.25
.47
1.44
1.28
2.83
3.26
.55
5.26
.42
1.44
1.22
2.76
3.07
.55
5.52
.45
1.51
1.30
2.92
3.30
.62
5.30
.45
1.44
1.21
2.66
3.22
.54
4.81
.42
1.27
1.11
2.42
3.29
.50
4.93
.42
1.29
1.21
2.69
3.44
.56
4.84
.38
1.36
1.18
2.59
3.13
.51
do
33.48
33.50
32.96
33.40
33.29
33.68
33.48
33.86
33.36
33.13
34.09 ' 34. 33 34.86
do
do
do
do
16. 40
2.37
1 49
1.84
16.40
2.19
1.33
1.92
15.89
2.00
1 16
1.89
16.33
2.04
1.17
1.90
16. 35
2.06
1.20
1.88
16. 34
2.05
1.19
1.91
16.34
2.07
1 18
1 92
16.46
2.17
1.28
1.92
16.18
2.04
1. 19
1.84
16.01
2.03
1.16
1.88
16.54
2.11
1 24
1.96
do
do
do
5 32
2. 22
3.09
1.33
5 42
2.25
3.17
1.37
5 29
2.19
3.10
1.32
5 37
2.19
3.18
1.42
5.38
2.18
3.20
1.38
5.32
2.17
3.16
1.40
5 28
2.11
3 16
1.36
5 43
2.19
3.24
1.42
5 41
2.18
3.23
1.41
5 29
2.18
3.11
1.40
5 41
2.24
3. 16
1.42
5 48
2.26
3 22
' 1.46
5 48
2 23
3 26
1.48
do
do
do
do
3.92
2.43
.89
.80
3.96
2.50
.90
.79
3.80
2.35
.88
.81
4.05
2.60
.89
.83
4.05
2.50
.91
82
4.05
2.60
.89
.82
4 03
2 60
.93
84
3.80
2.41
.95
.87
3.83
2 47
.89
86
3.72
2.38
.93
.87
3.95
2 59
.95
87
'3 97
' 2 57
' 95
' 86
4 04
9 68
94
91
do
17.08
17.10
17.08
17.08
16.93
17.34
17. 14
17.41
17.17
17.13
17.55
do
do
do
do
do
do
do
5 07
.44
1.41
1. 19
2. 72
3. 16
. 54
5 00
.44
1.39
1.18
2.77
3.20
.56
5 07
41
1.39
1.20
2 71
3.18
.53
5 01
.45
1.37
1.17
2.79
3.18
.55
5.04
.44
1.32
1.18
2.72
3.13
.54
5 18
.43
1.39
1 22
2.70
3.25
.57
5 10
44
1 34
1 21
2 72
3.24
55
5 22
.42
1.37
1.22
2 76
3.21
.58
5 12
42
1.39
1.24
2 73
3.17
.55
5 06
44
1.33
1.23
2 74
3.26
.55
5 18
43
1.40
1 25
2 82
3.26
58
Durable goods industries, total 9
Primary metal
Iron and steel
Fabricated metal
Machinery
Electrical
Nonelectrical
Industrial
.
do
do
do
do__.
Transportation equipment
Motor vehicles and parts
Lumber and furniture
Stone, clay, and glass
Nondurable goods industries, total 9
Food and beverage . . . .
Tobacco
_
Textile
Paper
Chemical
Petroleum and coal.
Rubber
Sales value (seas adj ) total
Durable goods industries total 9
Primary metal
_
Iron and steel
Fabricated metal
Electrical _
Nonelectrical
Industrial
Transportation equipment
Motor vehicles and parts
Lumber and furniture
Stone clay and glass
Nondurable goods industries, total 9
Food and beverage
Tobacco
_
Textile..
Paper
Chemical
Petroleum and coal
Rubber
_
Inventories, end of year or month:
Book value (unadjusted), total
.
do
do
do .
do
do
do .
do
'2.32
1.39
'1.83
5.72
' 17. 91 17.89
'5.23
.40
1.45
1.28
'2.92
' 3. 22
.58
r
5.16
.44
1.42
1.25
3.11
3.18
.64
16. 63
17.08 _ _ _ _ _ _ - 2 22
2.43
1 33
1 50
' 1 91 1 97
r
' 17 70 17 78
r 5 23
r
44
1 44
1 26
' 2 86
'3 21
58
5 28
44
1 45
1 22
2 91
3 22
60
do
2 55. 19
2 57. 21
57. 00
57.14
57.08
56.65
56.64
56.80
57.01
56.99
57.21
57.69
58.03 ' 58. 29
do
do
do
do
31.23
4.91
3.05
3.00
32. 34
4.73
2.82
3.00
32.82
32.87
32.55
4.76
2.84
3.40
32. 53
4.78
2.86
3.34
4.76
2.85
3.26
32. 54
4.73
2.83
3.14
32.48
32.38
32.68
4 72
2 82
3.06
4.67
2.78
2.99
32.34
33.02
r
4.80
2.86
3.38
32. 96
4.78
2.84
3.41
33 26
' 4 58
2 67
3 20
33
4
2
3
56
52
62
27
do
do
do
do
10. 31
3.96
6.35
2.46
11.06
4.37
6.69
2.02
10.97
4.29
6.68
2.61
11.10
4.39
6.72
2.64
11 11
4.44
6.66
2.61
11.01
4.40
6.61
2.61
10.99
4.41
6.57
2.61
10.99
4.40
6.59
2.63
11 04
4 40
6.64
2 64
11.10
4.40
6.69
2.64
11 06
4 37
6.69
2 62
11 19
4.39
6.80
2 68
11 32
4 46
6.86
2 69
r 11 40
11
4
6
2
54
60
93
74
6.93
7.31
7.24
Transportation equipment
do ...
7.27
7.14
Motor vehicles and parts
do
3.22
3.55
3.41
3 46
3 36
Lumber and furniture
do
1.84
1.80
1.83
1.82
1.84
Stone, clay, and glass
do
1.52
1.46
1.55
1.54
1.55
By stages of fabrication:
8.13
Purchased materials
. do___
8.50
8. 43
8.25
8 53
12.56
Goods in process
do
13.04
13.07
13.05
13 00
10.54
Finished goods
_do
11.33
11. 39
11.05
11.34
T
1
2
Revised.
Advance estimate.
Total and components are end-of-year data.
*Stock-sales ratios are based on the seasonally adjusted sales and inventories series
presented on this page and on pp. S-4, S-6, and S-ll. The ratios are derived by dividing
end-of-month inventory book values by total sales during the month. Data for 1955-60 for
6.95
3. 16
1.87
1.53
7.17
3.40
1.84
1.50
7.38
3 56
1 83
1.50
7 43
3 54
1 81
1.49
7.42
3 56
1.80
1.49
7 31
3 55
1 80
1.52
7 43
3 60
1 82
1.55
7 50
3 62
1 83
1.58
8. 59
12.89
11. 05
8 60
13.11
10.85
8 51
13 30
10.73
8 38
13 34
10!76
8 26
13 25
10.87
8 25
13 04
11.05
8 22
13 17
11.29
Durable goods industries, total 9
Primary metal
_
Iron and steel
_
Fabricated metal
Machinery
Electrical
Nonelectrical
Industrial
_
4.73
2 82
3.00
4.65
2.76
3.09
4.63
2 72
3.12
' 4 52
'6 88
2 70
' 7 56
'3 63
r 1 83
1.60
58.57
7 66
3 66
1 83
1.59
8 20 r 8 20
8 23
13 25 ' 13 31 13 50
11.57 '11.75
11.82
manufacturing and 1959-60 for wholesale trade (scattered minor revisions for 1955-58 will
be available later) appear on p. 20 of the June 1961 SUKVEY; data prior to 1961 (recently revised)
for the manufacturing and trade total and for retail trade are available upon request.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
&-6
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
1962
End of
year
.Tune 1963
1963
1962
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALESJNVENTORIES,
AND ORDERS— Continued
Inventories, end of year or month — Continued
Book value (unadjusted)— Continued
Nondurable goods industries, total 9 _ - _ b i l . $__
Food and beverage
Tobacco
Textile
Paper
Chemical
_
Petroleum and coal
Rubber
_
By stages of fabrication:
Purchased materials
Goods in process
Finished goods
-
Book value (seasonally adjusted), total
do
do
do
do
do
do___
do ..do —
do
-do
do
23. 90
24.88
r>. 44
2.28
2.68
1. 68
4. 35
3.43
1.13
5.58
2 24
2. £0
1.74
4.57
3. 47
1.22
5. 1 5
2 20
2. 91
1. 76
4. 41
3. 35
1. 21
5 10
2 14
2 96
1.77
4.33
3.37
1.20
9.38
3.27
11.31
9.68
3.46
11.73
9.55
3.44
11.20
55. 20
57. 40
24. 19
24.18
24 22
24.12
24. 08
24. 26
9 07
••> 91
1 78
4 34
3.40
1 20
5 16{
1 9i
2 86
1 74
4 35
3.45
1 19
5 32
9 02
2 79
1 73
4 32
3.45
1 18
5 48
9.42
3.51
11.26
9.31
3. 53
11 37
9. 22
3.60
11.30
9.08
3.54
11.47
9.09
3 52
11 65
56. 69
56.81
56 91
57.00
56. 97
32. 63
4 80
2 89
3 23
10. 96
4 34
6 62
2 60
32.69
4 77
2 86
3.22
11.04
4.41
6 64
9 62
5 i9
Durable goods industries, total 9
Primary metal
Iron and steel
Fabricated metal
__.
Machinery
._
Electrical
Nonelectrical
Industrial
do
do
do
do_._
_do__ .
do
__do
do . -
31. 47
4.78
2.89
3. 16
10. 46
4.03
6.42
2.49
32.69
4 62
2.69
3.17
11. 26
4.47
6.79
2.66
32. 47
4.86
2.93
3.29
10.81
4.24
6.57
2. 58
32.58
4 85
2.92
3.26
10. 85
4.25
6.59
2 60
32.58
4.83
2.91
3. 22
10.89
4.32
6.58
2. 58
Transportation equipment
Motor vehicles and parts
Lumber and furniture
_
Stone, clav, and glass
By stages of fabrication:
Purchased materials
Goods in process
Finished coods
_ do
do
do
do___
6.87
3. 12
1.86
1.47
7.29
3.47
1.82
1.54
7.22
3.49
1.82
1.49
7.29
3. 50
1.84
1.50
7.29
3. 52
1.84
1.52
do___
do
-do . .
8.09
12.64
10.74
8.22
13.14
11.33
8.59
12.94
10. 95
8.62
13 00
10.96
Nondurable goods industries, total 9 -- --do .._
23. 72
24. 71
24.22
24. 23
Food and beverage
Tobacco
Textile
Paper
Chemical
Petroleum and coal.
Rubber
By stages of fabrication:
Purchased materials
Goods in process
Finished goods __
-
New orders, net (unadjusted), total
Durable goods industries, total 9
Primary metal
Iron and steel
Fabricated metal
Machinery
Electrical
Nonelectrical
Industrial
Transportation equipment
Nondurable goods industries, total
Industries with unfilled orders©
Industries without unfilled order?!
do
do
do
do
do_.
do_ do -
5.24
2.17
2.74
1.68
4.28
3.42
1.13
5.40
2 14
2.87
1.75
4.51
3.46
1.22
5. 32
2. 17
2.80
1. 73
4.37
3.44
1.18
do
do. do
9.06
3.37
11.29
9.44
3.59
11.68
9.49
3.43
11.30
9.47
3.44
11.32
do__-
1 30. 96
133.05
32.45
do._ do__do
- do
do
do do
do - . _ do
14.74
2.18
1.35
1.70
4.92
2. 00
2, 92
1.26
3.22
16.02
2.08
1.21
1.88
5.28
2.16
3.12
1.37
3.81
15.71
1.69
. 74
1.80
5.31
2.15
3.16
1.30
3.99
do. -do
do
16. 23
3. 53
12.70
17. 04
3.77
13.27
5.34
2 18
2 84
1.74
4.36
3.40
1.18
24. 88
25.01
25.01
64
14
76
72
44
51
^9
5 58
2 94
2 80
1 74
4 57
3 479
1 2
5 47
2 on
2 86
1 76
4 64
3 35
1 25
5 36
9 30
9 91
1 78
4 70
3 29
1 29
9.33
3.51
11 69
9.45
3 49
11 67
9.68
3 46
11 73
9.69
3 62
11 70
57 19
57 27
57 19
57 40
32
4
2
3
11
4
6
32.76
4 67
2 77
3 16
11. 23
4 47
6 76
2 65
32
4
9
3
11
4
6
2
32 69
9 l()
2 73
1 71
4 31
3 53
1 18
74
74
83
21
12
41
71
9 64
24
42
85
53
7 29
3.51
1 82
1.54
7 33
3 46
1 83
1 55
8. 55
13 02
11.01
8 4Q
13 10
11 04
8.45
13 15
11 09
24. 34
24 37
24 28
5. 40
2 18
2 83
1. 76
4 37
3 42
1 90
7
3
1
1
24.61
5
2
2
1
4
3
1
66
60
71
15
23
46
76
65
9
RQ
3 17
11 96
4 47
' 25. 03 25.02
r
99
1 81
4.67
3.38
1.31
9.73
3 66
11 62
'•9.71
^3.69
'11.63
9.60
3.68
11.74
57 48
57 69
r
57. 91
58.21
39 73
4 59
32
4
9
3
11
4
6
2
87
61
70
15
32
51
81
70
r 32. 92
33. 19
4 57
9
69
3. 17
11 36
4 55
6 81
9 71
7
3
1
1
37
50
83
54
9 go
3
11
4
6
•>
19
31
50
81
70
9
r 4 60
9 79
3 15
'11. 26
r
4 51
r
6 75
9 67
r
8"
13 14
11 33
8 29
13 09
11 35
8.29
13 18
11 40
T 13 90
r 11 4()
8 39
13 389
11 4
24 44
24 51
24 53
24 71
94 76
94 82
r 94 99
95 o9
9 46
3.47
11.41
9 29
3 50
11.48
9 33
3 59
11 59
33.99
33. 60
31.99
33.36
16.48
1.98
1.06
1.95
5.36
2.12
3.23
1.34
4.02
16 51
1.81
97
1 96
5 64
2 34
3 31
1 46
3.91
15 77
1 74
1 00
1 95
5 06
1 98
3 07
1 28
4.04
16.74
3.74
13. 01
17. 51
3.92
13. 59
17 09
3. 83
13 96
7
3
1
1
8
48
82
54
5 34
2 13
9 86
1 76
4 5^
3 44
1 94
90
74
44
42
22
5 40
9 14
9 87
1 75
4 51
3 46
1 92
9 41
3 54
11 57
9 45
3 54
11 54
9 44
3 59
11 68
q 46
3 65
11 65
32 86
35 78
33 47
31 48
15 48
2.04
1 18
2 16
5 11
2 04
3 07
1 37
2.89
15 40
1 88
1 10
1 gg
5 24
9 29
9 95
1 33
3 34
17 30
2 12
1 21
2 00
5 42
2 19
3 22
1 39
4.51
16 07
2 10
1 20
1 81
5 08
2 04
3 03
1 36
4.04
15 52
1 89
16 21
3.40
12 82
17 88
3.84
14 04
17 46
3.89
13 57
18 48
4. 12
14 36
17 40
3. 89
13 51
5 38
2 13
2 89
1 74
444
3 41
1 22
5 35
9 12
2
1
4
3
1
T
r
r
5 35
9 17
2 87
1 76
4 60
3 38
1 97
7 44
3 56
1 83
I 55
9
5 4
2 19
5 38
r 2 85
9" 87
1 78
4 69
3 46
1 98
T 1
97
9 54
3 68
11 60
r 9 53
T 3 71
r
11 76
9 50
3 68
11 85
33 08
32. 73
r
36 14
35 90
16 19
2 32
1 42
1 75
5 37
2 16
3 21
1 45
4.09
r 18 94
17 90
9 83
1 83
4 11
16 17
9 29
1 38
1 76
5 15
2 07
3 08
1 39
4 13
15 96
3.48
12 48
16 91
3. 70
1 3 91
16 53
3.67
12 86
r 17 90
'3. 97
r 13 93
I
10
1 69
r oo
2 41
9 O9
9
70
1 79
1 90
5 90
9 99
3 60
1 58
4^62
33.07
32. 43
33. 26
32.83
33 23
33 82
33 76
33 04
33 90
34 59
r
15.73
1. 75
. 79
1. 84
5.25
2 24
3. 01
1.30
4.00
15 97
1 83
.95
1.88
5 28
2 17
3.11
1 32
3.96
15 44
1 76
.93
1 86
5 16
9 05
3 11
1 36
3 76
16 27
1 90
1 08
1 92
5 30
2 07
3 23
1 38
4. 16
15 91
2 06
1.20
1 91
5 23
2 08
3 15
1 41
3.68
15 89
1 97
1 18
1 84
5 18
9 14
3 04
1 37
4 06
16
2
1
1
5
2
3
1
4
57
17
28
869
4
19
24
34
05
16 34
2 07
1 18
1 95
5 499
2 I
3 30
1 39
3.82
16.02
2.00
1.22
1.81
5 44
9 41
3.03
1 40
3. 66
16.71
2 14
1.25
1.92
5.51
9
34
3.17
1.40
4. 02
17.09
2.24
1.34
1.95
5.54
2. 32
3.22
1.46
4.40
r 17 48
Nondurable goods industries total
Industries with unfilled orders©
Industries without unfilled orders^
do
do
do
17. 00
3. 75
13.25
17. 10
3.80
13.29
16 99
3.76
13 9 3
16 98
3.72
13 27
16 92
3.72
13 20
17 34
3 85
13 49
17 25
3. 86
13 39
17 42
3. 86
13 56
17.02
3.70
13.32
17. 19
3.82
1 3. 37
17.50
3.80
13.70
r 13 77
Nondurable goods industries total©
9 ()9
5 67
9 17
3 50
1 50
4.07
18 00
4.03
13 97
35 91
'S5 06
r 18
9
1
9
5
r 9 55
'- 1 61
r 1 95
T 5 50
9 99
r 3 97
3 34
1 51
4 94
r 17 59
17 90
4.01
13 88
r 3. 82
48.20
45. 65
48.48
47.81
47. 45
48. 09
47. 43
46. 82
46. £0
45. 84
45.65
46. 39
47.25
r 48. 50
45. 12
4.76
3.48
2.98
18. 10
10. 29
7.80
3. 53
14 64
42. 92
3.64
2.32
2. 90
17. 76
10.03
7.73
3.56
14 10
45 . 34
4. 64
3. 14
3. 17
18.47
10.30
8. 16
3.78
14 21
44.59
4.30
2.82
3.12
18.21
10. 22
7.99
3.69
14 00
44. 27
3.96
2. 54
3. 05
18.27
10. 31
7.96
3.71
13.96
44.99
3.91
2.51
3.11
18.46
10. 38
8.08
3. 69
14.31
44. 50
3.86
2.46
3.08
18.19
10.19
8. 00
3.69
14.25
43. 95
3.74
2.39
3.01
18.15
10.25
7.90
3.68
14. 13
43.64
3.68
2.34
2.93
18. 00
10.09
7.91
3.66
14.28
43.03
3.67
2.32
2.90
17.73
9.85
7.88
3.61
14. 08
42. 92
3.64
2.32
2.90
17.76
10.03
7.73
3. 56
14. 10
43.57
3.85
2. 50
2. 96
17.89
10.01
7.88
3.63
14.27
44.40
4. 16
2.74
3.02
18. 10
10.06
8.04
3.72
14.57
r
do
3 08
2 74
3 14
3 22
3.18
3.11
2.92
2. 88
2. 86
2.80
2.74
2.82
2.85
47.84
44.85
2.99
47.20
44.28
2.92
46.66
43.73
2.93
46.52
43.55
2.97
45. 94
43.03
2.91
45.85
43.00
2.85
46.28
43.40
2.88
46.90
44.01
2.89
45. 66
r
4. 55
r
3. 08
r
3. 09
'r 18. 28
10. 07
"•8.
21
r
3. 78
T
15. 08
r
2 84
()9
91
93
06
54
9 90
T i 45
r 4 36
do
do
do
do
do
do
do
do
do
Unfilled orders, end of year or month (seasonally
47.91
48.62
48.28
adjusted) total*
bil $
44.90
45.52
45.22
Durable goods industries total
do
3.02
3.06
3.10
Nondurable eroods industries, total©
do
r
2
Revised.
1 Total and components are monthly averages.
Advance estimate.
9 Includes data not shown separately.
©Includes textiles, leather, paper, and printing and publishing industries; unfilled
orders for other nondurable goods industries are zero.
9 18
1 78
4 61
/• 3 45
32. 73
_
69
67
83
53
8 15
13 28
11 24
29
47
82
54
do
Durable goods industries total 9
Primary metal
Iron and steel
Fabricated metal
Machinery
Electrical
Nonelectrical
Industrial
Transportation equipment
7
3
1
1
8 26
13 34
11 16
7
3
1
1
do
do
do
do
do
do
do
do
do
Unfilled orders, end of year or month (unadjusted),
total
_.bil. $.-
9 91
9
1.80
4.70
r
3.
35
r
1.32
Durable goods industries total 9
Primary metal
Iron and steel
Fabricated metal
Machinery
Electrical
Nonelectrical
Industrial
Transportation equipment
New orders net (seas adjusted) total
5 20
5 28
9 96
r9 94
8 41
13 26
11 06
9 39
3 51
11 46
7
3
1
1
63
15
74
71
38
53
19
7 36
3 48
1 81
1 55
5 37
2 14
2 85
1 75
4 42
3 44
1 °0
39
17
81
75
39
43
21
5
2
2
1
4
3
1
35
43
82
55
5 31
2 17
9 82
1 74
4 39
3 40
1 20
5
9
2
1
4
3
1
24.53
48.99
r
46. 05
4.89
3.39
3.14
18.28
10. 05
8.22
3.76
14 94
2 94
' 48. 25 r 49. 14
* 45. 43 46. 24
'2.82
2.90
IFor these industries (food, beverages, tobacco, apparel, petroleum, chemicals, and
rubber) sales are considered equal to new orders.
*New series. Monthly data prior to
Dec. 1961 appear on p. 27 of the Feb. 1963 SURVEY.
SURVEY OF CUKKENT BUSINESS
•Time 1963
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
S-7
1963
1962
1962
Monthly
average
May
Apr.
June
July
Sept.
Aug.
Nov.
Oct.
Dec.
Jan.
Feb.
Mar.
May
Apr.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS INCORPORATIONS tf
New incorporations (50 States):©
Unadjusted
Seasonally adjusted*
number. _ 15, 128
do ._
15, 171
15, 653
15, 372
16. 408
15, 363
15.234
14. 990
14, 957
15, 171
14, 955
15,216
12, 777
15 232
15.318
15, 121
12,926
14 892
13, 925
14, 767
17, 348
14 457
1,118
1 410
1 216
1, 101
1 258
92
194
185
514
133
111
231
244
672
152
109
193
200
590
124
100
219
181
497
104
113
183
244
582
136
96, 165 119,092
14, 012 -16,259
15 398 -15 604
16, 294
15, 257
1 304
1 296
1,287
112
228
199
629
136
126
221
225
595
129
116
212
189
620
150
INDUSTRIAL AND COMMERCIAL
FAILURES cf
Failures total
number. _
1,423
1,315
1,504
1,378
1,281
1,165
1,319
do
do_ __
do
do
do
123
112
225
215
629
134
119
273
200
767
145
102
237
229
664
146
113
194
237
606
131
106
187
215
545
112
120
217
227
622
133
thous. $__ 90, 844 101, 133 121,831
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade
Liabilities (current), total
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade
.
do
do
do
do
-do
Failure annual rate (seasonally adjusted)
No. per 10,000 concerns. _
229
235
691
144
91,512
88, 493
91, 574 146, 832
6, 694
16, 084
27, 107
27, 754
13,205
7,831
20, 295
33, 333
29, 143
10, 531
5 440
24, 586
49 677
31,691
10, 437
8 270
15 798
29 659
27, 569
10,216
5 445
13, 627
32 821
27, 065
9, 535
5 642
22 412
21 59S
29 999
11, 923
6 977
33, 618
36 170
53 180
16, 887
5 605
12 803
39 988
27 944
9,825
164.4
'60.8
65.0
58.7
57. 3
58.3
62.5
62.2
98, 841
81,275 160, 963
94, 715 100, 502 100, 755
634
728
833
876
021
16 184
16 095
34 069
24 107
8,386
8 785
18 744
20 671
22 744
10, 331
7
22
26
26
11
66. 3
59.4
56.0
245
-244
-243
997
- 203
275
152
226
- 224
-215
268
147
230
224
-238
261
153
231
- 249
238
-141
- 517
294
244
- 147
r 510
- 199
247
147
505
216
251
150
-260
968
- 311
151
252
- 259
263
-309
- 153
249
281
295
271
282
296
273
7
24
48
26
11
7
31
56
29
36
738
113
054
552
506
55. 2
igg
530
971
098
918
6
19
34
26
13
957
017
907
148
473
4
14
32
28
20
960
434
286
847
228
60.7
54.4
54.2
-245
242
240
242
240
-230
T 276
254
157
231
-231
- 252
251
161
934
238
- 237
270
161
934
- 244
94fi
r 488
- 227
258
155
- 501
- 268
258
151
501
- 308
254
140
501
327
258
156
500
257
- 259
308
152
255
251
- 256
294
157
264
249
- 249
°81
155
274
240
240
288
144
279
935
234
286
134
9
72
284
297
274
284
298
274
283
297
274
283
297
273
2H3
297
273
310
311
311
78
77
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
240
243
242
-241
239
240
244
250
-- -do
do
do
do
do. _
- 227
'219
-261
151
209
-230
-244
-270
153
226
-235
-289
-272
155
224
-239
-284
-284
159
230
-234
-234
-283
157
230
-229
-215
-282
155
-227
-228
- 194
275
151
226
-231
- 196
280
154
226
do
do
.do
do
-247
257
- 157
526
-220
248
-156
-530
-216
255
- 144
543
r
2()8
255
- 172
543
203
253
-204
543
- 190
252
- 192
-538
- 241
245
- 173
- 511
238
- 156
- 524
do
do
do
do
do
251
-260
299
146
r
232
-255
-253
310
-145
-251
-248
-241
-305
- 140
253
243
r 933
- 304
130
260
24?
- 231
-304
128
?61
-249
239
-311
- 134
257
-257
248
- 319
- 143
253
266
958
- 325
251
-262
265
- 315
r 152
249
276
291
266
279
294
269
280
295
270
280
296
269
279
294
268
279
294
268
279
294
268
280
294
271
281
294
271
307
307
305
305
305
307
307
307
309
311
311
79
79
78
79
80
81
80
- 79
- 79
r 79
78
Prices received, all farm products 1__._ 1910-14=100..
Crops
Commercial vegetables
Cotton
Feed grains and hay
Food grains
Fruit
Oil-bearing crops
Potatoes (incl. dry edible beans) _
Tobacco
-
-
Livestock and products
Dairy products
Meat animals
Poultry and eggs
Wool
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..
302
306
Parity ratio §
-80
r
- -
do
79
r 264
r 154
T
r 243
278
161
239
242
275
]f)9
233
CONSUMER PRICES t
(U.S. Department of Labor Indexes)
All items t
.
Special group indexes:
All items less food
All items less shelter
1957-59=100..
105.4
105.2
105.2
105. 3
105.5
105. 5
106.1
106.0
106.0
105.8
106.0
106.1
106.2
106.1
105. 4
106.0
105.2
106 0
105.2
106.1
105. 3
106.1
105.4
106.2
105.5
106 6
106. 1
106 7
106.1
106 7
106.0
106.7
105.8
106 5
105.9
106 6
106.1
106 8
106.1
107 0
106.1
102.
10°
100.
107
4
8
5
6
103.2
103 6
101.5
109 5
103.1
103 5
101 4
109 2
103.0
103 2
101 5
109 4
103.1
103 4
101.6
109 5
103.1
103 5
101.5
109 8
103.2
103 5
101 7
109 9
104.1
104 7
101 6
109 8
104.0
104 4
102 0
109 8
103.9
104 2
102 2
110 0
103.
104
101
110
6
0
7
1
103.6
104 3
100 4
110 5
103.8
104 5
100 6
110 5
103.7
104 4
100 8
110 8
103 6
104 2
100 9
111 1
___do. _
do
do
do
do
1^2. 8
102 6
104 8
104 2
99.3
103. 2
103 6
104 1
105.0
101.7
102 7
103 4
103 7
108 6
100.1
102 7
103 2
103 0
109 4
99.6
102.8
103. 5
102 7
111.9
99.7
102.9
103.8
103.5
109.9
100.8
102 5
103 8
103 9
105 2
102.6
104 6
104 8
104 2
102 2
106.3
104
104
104
102
104.
9
3
3
0
1
104 3
104 1
104 2
102 1
103.5
103 9
103 5
103 9
100 2
102.5
103 0
104 7
103 8
106 4
102.5
103 3
105 0
103 6
109 4
102.1
103 6
104 6
103 5
109 6
100.7
103 8
104 3
102 9
112 0
98.3
do
do
do
do
103 Q
107 9
99 5
104.4
104
107
98
105.
8
9
9
7
104 6
107 8
99 3
105.4
104 7
107 7
99 0
105.5
104 8
107 7
99 1
105.6
104 8
108.0
99 0
105.7
104
108
98
105.
8
0
5
8
104 9
108 0
98 7
105.9
105 0
108 0
98 8
106.1
105 1
108 1
98 7
106.2
105 2
108 1
98 6
106.2
105 4
108 2
97 9
106.3
105
108
98
106.
4
0
3
4
105 7
108 0
98 6
106.4
105
107
98
106.
do
do
do
111 3
104 6
107 2
114.2
106 5
109 6
113 9
106 3
109 4
114 1
106 4
109 5
114 4
106 1
109 2
114.6
106.8
110.0
114 6
106 8
110 3
114.7
106 8
110.0
114.9
106 9
109 5
115 0
107 1
110 1
115 3
107 6
110 0
115 5
107 4
110 2
115 6
107 3
110 0
115 8
107 3
110 1
116 1
107 6
111 0
do
do
do
do.
105 0
104 o
111 7
104.6
107.2
105 9
115 4
105.3
107 2
106 0
115 6
105. 1
107 3
106 0
115 6
105. 1
107
106
115
105.
106.8
105.4
115.6
105.6
107.4
106. 2
115. 7
105. 5
107.8
106 7
115 7
105. 6
108 1
106 9
116 0
105. 6
108 3
107 2
115 4
105. 6
108
106
115
105.
106
105
115
105.
All commodities
Nondurables
Durables
Services
Apparel .
Food9
_
Dairy products
Fruits and vegetables
Meats, poultry, and
..do
do
do
do
_
fish
._
Housing 9
Gas and electricity
Housefurnishings
Rent
Medical care
Personal care
_
Reading and recreation _
_
Transportation
Private
Public
Other goods and services
r
Revised.
1
2
Based on unadjusted data.
Index
from Dun & Bradstreet, Inc.
0 Figures
2
104.2
104.8
104.2
do
do
based on 1947-49 = 100 is 130.3.
c? Data are
in 1961 BUSINESS STATISTICS volume cover 49
3
0
6
2
0
8
7
6
6
3
7
7
106. 2
8
5
5
5
106 8
107 0
107 0
105 3
105 6
105 5
116 3
116 4
116 5
105. 7
105.7
105.8
^Revised beginning Jan. 1959 to incorporate price revisions for individual commodities;
revisions prior to April 1962 will be shown later.
§ Ratio of prices received to prices paid (including interest, taxes, and wage rates).
JData reflect conversion to the 1957-59=100 reference base period. Monthly and annual
data for earlier periods appear on p. 19 of the Oct. 1962 SURVEY.
9 Includes data not shown separately.
SUEVEY OF CUERENT BUSINESS
S-8
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
1962 P
Monthly
average
June 1963
1962
Apr.
May
June
July
Aug.
1963
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar,
Apr.
May
COMMODITY PRICES—Continued
WHOLESALE PRICEScft
(U.S. Department of Labor Indexes)
Spot market prices, basic commodities:*
22 Commodities
1957-59=100..
9 Foodstuffs
do 13 Raw i ndustrials
-do
95.4
91.3
98.3
94.6
90.2
97.8
93.0
89.8
95.4
92.5
90.0
94.2
92.6
89 9
94. 5
92.5
90 3
94.0
92.9
89.9
94.9
93.0
88 4
96.4
92.6
88 2
95.8
93.5
90 7
95 5
93.3
90 8
95.1
92.2
89 2
94.4
93.0
90 9
94 5
95. 1
95 0
95 2
100.3
100.6
100.4
100.2
100.0
100. 4
100.5
101 2
100.6
100.7
100.4
100 5
100.2
99.9
'99. 7
100.1
do
-do
do
96.1
100.3
101.4
97.1
100.2
101.7
96.5
100.5
101.4
95.8
100.4
101.2
95.2
100.2
101 1
96 5
100. 3
101 5
97 2
100. 1
101 7
99 2
100 2
10? 6
97.4
100.1
101 9
97 6
100 1
102 0
96.8
100.1
101.6
96.8
100. 2
101. 8
95.6
100.1
101.5
94.5
100.0
101.1
95.0
'99.9
100.8
94.2
100.5
101.2
do
do
99.6
101.3
100.1
101.0
99.7
101.2
99.5
101. 1
99 3
101.0
99.8
101.0
100 0
101.0
101 9
100 9
100 4
100 7
100 5
100 7
100.0
100.7
100. 2
100.7
99.7
100.7
99.2
100.6
99.0
' 100. 6
99.3
100.9
Farm products 9
Fruits and vegetables, fresh and dried
Grains
- Livestock and live poultry
do
do
do
do
96.0
93.7
95.6
92.5
97.7
97.7
98.8
96.2
96.9
99.0
98. 5
94.1
96.2
107.1
101.0
91.4
95. 3
98.7
99.9
91.6
96.5
92.2
99. 1
95.8
97 6
90.9
98.1
98.5
100 6
94.9
98.6
104.4
98.7
97.5
98.5
98.6
99.3
96.4
99.5
98.3
97.3
88.5
101.1
96.2
98.5
104. 0
102. 0
94.1
96.5
96.5
103.0
89.5
95.4
99.0
103.7
85.6
95.4
99.6
105.1
88.2
94.4
99.8
102.9
86. 8
Foods processed 9 © - Cereal and bakery products
_
Dairy products and ice cream _
Fruits and vegetables, canned, frozen
Meats poultry and
fish
_
do
do
do
do
do
100.7
105. 1
107. 5
101.7
95.4
101. 2
107.6
106. 9
98.0
99.1
100. 2
108.0
106. 0
99.0
95.6
99.6
107.4
104.5
98.6
95.5
99.8
107.6
105. 0
99.1
95 7
100.8
107.9
105. 7
98.7
99.0
101.5
107 8
106. 1
97.1
101.0
103. 3
107 6
106 0
96.6
106 8
101.5
107.6
107.7
96.4
100.0
101. 3
107.7
108.0
96.3
100.1
100.9
107.6
108. 1
95.7
99. 4
100. S
107.4
107. 8
100.0
97.9
100. 5
108.6
108.0
99.8
95.6
99.0
108.0
107.1
101.3
91.8
'99.3
108. 1
106. 9
' 90. 3
101.5
107. 6
106.5
103.4
91.8
\11 commodities*
- - -do
By stage of processing:
Crude materials for further processing
Intermediate materials, supplies, etc
Finished goods O
By durability of product:
Nondurable goods
Durable goods
Commodities other than farm products and foods
1957-59=100-.
T
r 102. 9
100,8
100.8
100.9
100.9
100. 7
100.8
100.6
100.8
100.7
100.7
100.7
100. 7
100.6
100.6
100.4
100.5
do
do. ._
do
.. do .
do
do
99.1
98.4
98.3
87.5
104.3
103.6
97.5
96.3
96.0
76.3
101.9
103.8
97.9
96.5
97.0
79.3
103. 7
103.7
97.7
96.3
97.0
77.1
103. 6
103.8
97.6
96. 2
97.0
73.4
103. 6
103.8
97.2
96. 1
95 1
73.5
101 0
103.8
97 0
95.9
95 0
73.0
98 4
103. 8
96 9
95 9
95 0
72 3
98 6
103 8
97.1
96.1
95.1
76.7
99.0
103.8
97 0
95.9
95 1
75.9
99 2
103 8
96 8
95.9
94 8
72 8
99 6
103 8
96.9
96.0
95.2
71.7
100.8
103.8
96.7
95.2
95.1
72.7
102.3
103.8
96.8
95.4
95.2
74.5
102.3
103.7
96.5
95.3
'95.1
77. 7
102.3
103.7
96.5
95.3
95.2
78. 5
102.3
103.0
Fuel and related prod., and power 9
do
Coal
do
Electric power
Jan. 1958= 100. _
Gas fuels
do
Petroleum products, refined
1957-59=100..
100.7
97.7
102.4
118.7
99.3
100. 2
96.8
102.8
119. 2
98.2
100. 2
95.3
103.0
115.3
98.9
99.7
94.6
102.9
116.6
97.9
99.6
94.6
102.8
113.8
98.1
100. 0
95. 3
102. 8
119 7
98.0
99. 5
95. 6
102.8
117 8
97.2
100. 8
96.6
102.8
120 1
99.2
100.8
97.2
102.7
122 7
98. 9
100.7
97.7
102 7
122 3
98.6
100.8
98.3
102 7
123 1
98.6
100. 4
98.3
102. 5
120. 8
98.2
100.3
98.4
102.5
127.8
97.1
100. 8
98.1
102.4
127.8
98.2
' 100. 3
102.4
' 124. 1
98.2
100.4
94. 1
102. 1
120.0
99. 1
Furniture, other household durables 9 ---do
Appliances, household
do
Furniture, household
do
Radio receivers and phonographs
do
Television receivers
__do
99.5
95.2
102. 8
91.5
97.2
98.8
94.0
103.8
86.1
94.2
98.9
94.7
103. 4
86.8
93.7
99.0
94.3
103.7
87.2
95. 5
98.9
94.3
103. 9
84.8
94.9
98.8
93.9
104. 1
85. 4
94. 3
98.7
93.4
104. 0
85.4
94.3
98.6
93.2
103. 9
85.1
94.3
98.5
93.0
104.0
85.1
94. 3
98.6
93.1
104. 1
84.6
94.3
98.4
93. 0
104.2
84. 5
94.3
98.3
92.3
104. 5
84.6
93.6
98.2
92.3
104. o
84.6
93.6
98.2
92. 3
104. 6
84.2
92.7
'98. 1
'92.1
' 104. 4
84.2
92.7
98.0
92.0
104.4
83.0
92.7
Hides, skins, and leather products 9
Footwear
Hides and skins
-Leather
Lumber and wood products
Lumber
_ _
do
do
do_ -_
do
do. _-do
106. 2
107.4
107.9
106.0
95.9
94.7
107.4
108.7
106.2
108. 5
96. 5
96.5
106. 9
108.7
103.3
109.5
96.8
96.8
107.2
108.7
105.4
110.6
97.1
97.5
108. 0
108. 7
108. 5
110.0
97.3
97.6
107. 5
108.8
104. 2
108. 4
97.5
98.0
107.0
108. 8
105.1
106.9
97.4
97.7
107. 5
108. 8
110.8
106. 6
97.0
97.2
107. 4
108.6
108.8
106 5
96.6
96.7
107.3
108 6
107. 1
106 8
96.3
96.3
106. 9
108 7
101 6
106 1
95 8
95. 8
106. 0
108. 5
95.2
105 2
95.9
95.9
105. 1
108.3
85.9
104.7
96.1
96.2
105.1
108.3
88.4
103.7
96.5
96.6
' 104. 5
85.0
102.8
97.0
97.6
104.8
108.2
87.4
103.2
97.5
98.4
Machinery and motive prod 9 Agricultural machinery and equip
Construction machinery and equip
Electrical machinery and equip
Motor vehicles
-
do_ -do
do
do
do
102.3
107.4
107. 5
100.0
100.7
102. 3
109. 5
107.8
98. 4
100.5
102. 3
109. 2
107. 7
98.6
100. 1
102.3
109.3
107.7
98.6
100.1
102. 2
109. 5
107. 7
98.4
100. 9
102. 4
109. 5
107.6
98. 1
100. 9
102.3
109. 4
107. 7
98.0
100. 9
10?. 3
109.4
107. 7
98.4
100. 9
102 2
109. 6
108.0
98.4
100 4
102 2
110.2
108. 2
98.1
100 4
102 3
110.5
108.3
98.1
100 4
102. 3
110. 8
108. 3
98.0
100.4
102.2
110.8
108.5
97.8
100.4
102.0
111.0
108.8
97.1
100.3
' 101. 9
110.9
108.8
97.0
'99.8
102.2
110. 9
109. 2
97.7
100. 2
Metals and metal products 9
Heating equipment
Iron and steel
Non ferrous metals
do
do
do
do
100.7
94.6
100. 7
100.4
100.0
93. 2
99.3
99. 2
100. 3
93.7
99.6
99.8
100. 2
93.1
99.2
99.9
99.8
92. 9
98.9
99.3
99.7
92.9
98. 9
99.0
99. 8
92. 9
99. 1
99.0
99.7
92.6
99.0
98.9
99.4
92.7
98.7
97.9
99.3
92.8
98.4
98.3
99. 3
93.3
98.7
97.7
99.5
92.5
98.8
98.0
99.4
92.4
98.6
98.0
99.4
92.6
98.4
98.1
99.4
92. 9
98. 5
98.2
99.9
92. 9
99. 3
98.7
Nonmetallic mineral products 9
Clay products structural
_
Concrete products
Gypsum products
do
do
do
do
101.8
103.2
102. 5
103. 8
101.8
103.5
102.6
105. 0
102.4
103.6
102.6
105.0
102.1
103. 6
102. 5
105. 0
101.9
103. 6
102. 5
105.0
101.6
103. 6
102. 7
105.0
101. 6
103.6
102.6
105. 0
101. 5
103.6
102.6
105. 0
101.6
103.4
102.7
105. 0
101.6
103.4
102.8
105 0
101.5
103.5
102.5
105.0
101.4
103.7
102. 5
105. 0
101. 5
103. 6
102.2
105.0
101.5
103.6
102.2
105. 0
101. 5
103. 8
101.3
99.7
102. 6
92.7
86.4
99.5
102.4
92.8
86.4
99.3
102.3
93. 1
86.4
99.1
102.2
93.7
88.0
99.0
102.2
94.4
89.0
99.0
102.2
94.3
89.0
99.1
102.2
94.2
89.0
99.0
102. 2
94. 1
89.0
99.0
99. 1
100. 1
101 ^
100 1
100.0
101 ^
99 7
150. 9
inn s
144.4
inn ^
Chemicals and allied products 9
Chemicals industrial
. ...
Drugs and Pharmaceuticals
Fats and oils inedible
Fertilizer materials
Prepared paint
' 95. 0
r 108. 2
r
105. 0
do
do
do
do- --
98.8
102. 2
96.1
92.4
100.0
102. 6
93.3
87.1
101.3
103. 1
92.9
86. 1
100. 8
103. 1
93.2
86.4
100. 5
103.1
93.0
86.4
100.0
102. 6
92.7
86.4
do
_ _ do _ do
do
do
do
99.7
101.0
100. 4
93.4
113.2
97.1
100.6
101. 5
101.7
93.9
125. 9
99.1
100. 5
101.3
102. 4
93. 7
121. 6
98.6
100. 7
101. 4
102. 1
94.5
126.4
98.9
100. 8
101.5
102. 0
94.6
130. 7
99. 1
100.9
101.8
101.9
94. 7
130. 2
99.3
100.8
101.8
101. 7
94.3
132.4
99.3
100. 6
101.6
101.3
94.0
125. 2
99.4
100. 5
101.7
101.0
93.6
129. 5
99.6
100. 5
101. 7
100.7
93.6
130.3
100.1
100. 6
101.7
100.8
93. 7
143.3
100.2
100.4
101.3
100.6
93.7
149.8
100. 7
100.3
101. 4
100.2
93. 7
151.1
93. 8
150. 9
Tobacco prod, and bottled beverages 9 —do
Beverages, alcoholic
do
Cigarettes
do- -IVTiscellaneous
do
Toys sporting goods
do
103.2
100.6
101.4
103. 9
100.9
104. 1
101.0
101.4
107.3
100.8
104. 0
100.8
101.4
106. 0
100. 5
104. 1
101. 1
101. 4
106.0
100.5
104.1
101. 1
101.4
105.4
100. 7
104.0
100. 7
101.4
107. 6
101.0
104.2
101.1
101.4
107. 2
101.0
104.2
101.1
101.4
109. 1
101.1
104.5
101. 5
101.4
108.7
101.2
104. 5
101.5
101.4
109. 8
101.2
104.3
101.1
101.4
110.2
101.3
104.3
101. 1
101.4
111.6
101.3
104.3
101. 1
104.3
101.1
' 104.4
101.1
105. 2
101. 1
111. 5
110. 8
108. 0
107. 6
99.7
96.0
99.4
94.9
99.6
95. 1
99.8
95. 1
100.0
99.6
99.5
98. 8
99.4
94 3
99.3
94 3
99.6
94 5
99.5
04 3
100.1 'U00.3
1
94.°
94 2
i 99-9
Pulp paper and allied products
Paper
Rubber and products
Tires and tubes
Textile products and apparel 9
Apparel
-Cotton products
Manmade fiber textile products
Silk products
Wool products
PURCHASING POWER OF THE DOLLAR*
As measured byWholesale prices
Consumer prices
-
1957-59=100.do
»• Revised.
1 Indexes based on 1947-49=100 are as follows: Measured by—wholesale
prices, 84.5 (Apr., revised); 84.1 (May); consumer prices, 76.8 (Apr.), cf For actual wholesale
.•-.••-•• •
.i-^=._ _..
*.-,-.—,~™~/u*^c, * Data reflect conversion to
99.8
94 3
Monthly data for earlier periods are available upon request from the U.S. Department of
Labor, Bureau of Labor Statistics, Wash. 25, D.C.
O Goods to users, including raw foods and fuels.
9 Includes data not shown separately.
eRevisions for Mar.-Dec. 1960 appear on p. 20 of the Oct. 1962 SURVEY; those for Jan.June 1961, respectively, are as follows (1957-59 = 100): 102.0; 102.6; 101.7; 100.9; 99.8; 99.0.
SUEVEY OF CURKENT BUSINESS
•Turn- 1!)(53
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
1962
Monthly
average
S-9
1962
Apr.
May
June
July
Aug.
1963
Sept,
Oct.
Nov.
Jan.
Dec.
Mar.
Feb.
Apr.
May
4, 778
5,491
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE
New construction (unadjusted), total
Private total?
4,783
5,090
4,600
5, 319
5, 826
5, 743
5,844
5,791
5,748
5, 339
4,888
-do
3,304
3,615
3, 325
3,821
4,112
4, 078
4,082
4,038
3 888
3,781
3,535
3,138
2 938 r 3 13?
' 3 483 3 938
1, 875
1,349
428
2 069
1, 521
443
1 928
1, 345
487
2 30^
1 514
692
2 492
1.697
686
2 388
1 759
516
? 353
1,794
445
2 311
1 776
423
2 187
1 702
374
2 137
1 646
380
1 999
1 541
351
] 746
1 309
335
1 579 r i 736
1 156 r 1 275
323
'364
' ? 063 9 49g
' 1 447 1 618
710
'519
896
230
389
193
123
449
944
234
414
202
119
459
839
223
348
161
107
433
894
229
383
185
122
476
971
235
433
225
137
489
1.025
239
469
252
147
491
1.039
241
471
246
152
511
1, 037
245
465
234
146
515
1,021
245
454
217
132
520
1,010
244
454
212
113
495
964
243
428
189
95
453
899
241
382
155
92
378
do
1,420
1,476
1,275
1,498
1,714
1 . 665
1,762
1,753
1,860
1,558
1,353
do
do
do
do
428
114
485
393
426
106
521
422
425
103
339
408
436
114
509
439
472
157
618
467
461
94
643
467
464
117
700
481
459
117
708
469
463
129
800
468
418
113
589
438
390
104
496
363
Residential (nonfarm) 9
do
New housing units
__
do
Additions and alterations
do
Nonresidential buildings, except farm and
public utilities, total 9
mil.$._
Industrial
do
Commercial 9
do
Stores, restaurants, and garages*
do
Farm construction
do
Public utilities
do
Public total
.
Nonresidential buildings
Military facilities
Highways
Other types
-
New construction (seasonally adjusted at annual
rates), total
mil. $_.
Private total 9
do
Nonresidential buildings
Military facilities
Highways
'4,331 r 3, 990 ' 4, 346
r
1,193
389
T
101
338
365
869
235
368
151
93
377
r
'850
r 997
363
155
102
r
423
837
925
353
148
112
r
451
871
?25
37?
161
130
484
1, 052 ' 1 214' 1 295 1 553
352
' 86
277
337
'406
94
337
377
M36
(i)
35?
416
448
(i)
(i)
(i)
58, 279
60, 764
62. 678
62, 084
62,829
62, 358
63, 517
62,610
61, 823 '62,866 ' 60, 163 '61.018 '60,473
62, 739
41,747
43, 472
44, 842
44, 908
45,244
44. 976
43, 843
44,059
44, 134
43, 434
42, 313 '42,483 '43 651
44 83?
23,484
25,018
26. 118
25, 987
25,957
25, 813
25, 013
25,432
25, 654
24, 830
23, 878 ' 23, 978 '25 132
?6 401
11,234
2,792
4,793
2, 353
1, 385
5. 388
11.257
0
P.86
4 75?
2, 268
1 466
5, 481
11,403
2 950
4, 865
2, 352
1,531
5, 539
11,661
2 962
5,110
2, 588
1, 533
5, 444
11,830
2 936
5, 273
2, 688
1,533
5, 626
11,723
2 930
5, 214
2, 549
1 , 575
5, 548
11,419
2 885
5 018
2,316
1 526
5, 575
11,261
2, 820
4, 967
2, 245
1,436
5, 637
11,205
11,348
2 773
5. 086
2, 310
1 330
5,621
11,219 '11,224 11,185
2 716 r 2 7??
9 815
4,999
4' 98?
4 846
2,256
2, 266
2, 16?
1,328
1 366
1 464
5, 588 '5,619 ' 5, 588
10. 986
9 837
4 630
1 , 979
1 576
5, 575
do
16, 532
17 29?
17 836
17, 176
17 585
17 382
19 674
18,551
17, 689 ' 19 432'17,850
do
do
do
5, 106
1,381
5, 057
5,122
1,354
5 830
5. 257
1 . 549
5, 989
5, 043
1,170
5, 876
5, 083
1,244
6 195
5, 065
1, 164
6 140
5 192
1, 492
7 786
5, 216
1,003
6, 922
5,083
1,324
6,343
5, 096
T
1,736
7, 483
5, 096
' 1,494
6,181
Residential (nonfarm)
. . . do
Nonresidential buildings, except farm and
publio utilities, total 9
mil.$._
Industrial
do
Commercial 9
do
Stores, restaurants, and garages*
do,
Farm construction
do
Public utilities
do
Public total 9
r
mil. $._
4,979
2, 262
1,332
5,657
r
18 535 '16 8?2
r
5, 240 '5 233
(i)
1 31?
6 948
5 ?54
17 907
5 265
(i)
(i)
CONSTRUCTION CONTRACTS
Construction contracts in 48 States (F. W. Dodge
Corp.): A
Valuation total
mil $
Index (mo data seas adj.)*
1957-59—100
Public ownership
mil. $
Private ownership
do
By type of building:
Nonresidential
do
Residential
do
Public works
do
Utilities
do
3, 095
2
108
1 , 046
2. 049
3,442
2
120
1,133
2,309
3,860
121
1,211
2, 650
4 009
117
1,227
2, 782
3,900
120
1,331
2, 569
3,747
117
1,231
2,516
3 631
118
1,039
2, 591
3,273
113
1,099
2, 174
3, 425
117
1 . 003
2, 422
3,188
123
1,099
2, 089
3,198
138
1, 190
2. 009
121
932
1,847
2,917
130
1,092
1,825
3 583
118
1,182
2,401
3 983
1?5
1 , 168
2 814
1,010
1,344
576
165
1,084
1,503
659
196
1. 102
1,816
702
241
1,275
1 819
729
186
1.242
1, 656
724
277
1,197
1, 623
719
207
1,177
1 651
626
176
1,019
1,519
624
111
1,075
1 610
574
166
1,066
1,361
661
99
921
1,166
787
325
1,016
1,250
433
82
1,005
1,215
571
127
1,146
1 642
629
167
1,210
1 986
635
152
1,816
1, 766
1,358
2, 055
1,004
1, 392
1,713
1,814
1,481
3, 218
1,953
2, 675
2,075
3,250
2,037
2, 328
8,939
476
5, 390
3, 073
9,483
477
6, 217
2, 789
8,888
848
5, 694
2, 346
9, 796
787
4,973
4, 037
10, 846
6, 445
3,674
8,861
1,017
4, 443
3,402
10,414
421
6, 205
3,788
6,986
123
4,415
2,447
10,718
132
6, 479
4, 107
14, 898
246
12, 017
2, 635
10, 576
216
8,711
1, 650
11, 019
1,023
7, 815
2, 181
6, 351
122
4,923
1,306
8,131
1,042
4,872
2,217
10,216
521
6,415
3, 279
12, 343
742
7,657
3,944
thous
do
do
113.8
82.4
109.4
123.5
82.8
121.0
151.6
101. 7
147.0
156. 6
107. 7
154. 2
139. 5
96 9
136.2
139.3
96.0
135.8
147.9
101 7
146. 1
116.3
76 4
113.6
136. 4
91 0
133. 5
121.9
78.4
120.3
94.5
56. 1
93.5
83.3
47.4
80.6
87.6
'52.4
86.5
126.7
81.5
123.2
156.2
Total nonfarm (public and private)
In metropolitan areas
_
Privately owned
do
do
do
111.4
78.8
107.1
121.5
86.8
119.1
149.5
110.6
144.9
155. 1
112.0
152 7
137.0
96.2
133 7
137.4
97.7
133. 9
144.8
99.3
143.0
113.7
83.7
111 0
132.5
92.9
129. 7
120.8
83.0
119.2
93.5
67.8
92.5
82.2
61.5
' 79.4
86.1
' 65. 0
85.0
125.0
87.6
121.5
154.0
108.0
152 8
Seasonally adjusted at annual rates:
Total, including farm (private only)
Total nonfarm (private only)
do
do
1,542
1,521
1, 579
1, 566
1,425
1,399
1,466
1,447
1,529
1 500
1, 289
1,261
1,550
1,504
1,586
1,571
1,472
1,453
1,242
1,220
1,280
1,255
1,521
1,497
1,627
1,605
Heavy construction:
New advance planning (FNR)§
do
Highway concrete pavement contract awards:cf
Total
thous. sq. yds._
Airports
do
Roads
do
Streets and alleys _
do
727
HOUSING STARTS
New housing units started :t
Unadjusted:
Total, incl farm (public and private)
One-family structures
Privately owned.
155. 0
CONSTRUCTION COST INDEXES
Department of Commerce composite
Arnerican Appraisal Co., The:
\verage, 30 cities
\tlanta
New York
San Francisco
St Louis
1947-49=100..
145
148
148
147
148
148
149
149
148
148
149
149
150
150
«• 151
1913=100
do
do
do
do
741
810
814
703
720
756
832
836
720
741
750
824
825
711
735
751
824
824
711
738
754
825
825
711
742
758
833
845
711
743
760
833
845
718
743
762
835
845
734
743
762
845
846
734
743
768
848
848
740
748
768
848
848
740
754
770
851
849
741
756
771
851
849
744
756
771
852
849
745
756
772
852
849
745
754
Associated General Contractors (building only) O
109
111
111
111
111
1957-59= 100- _
T
Revised.
i Not yet available; estimate included in total.
2
Computed from cumulative valuation total.
9 Includes data not shown separately.
*For data prior to Aug. 1960 for stores, restaurants, etc., see Bureau of Census reports;
data prior to Mar. 1961 for F. W. Dodge index will be shown later.
AMonthly averages are based on annual totals including revisions not distributed by
months.
150
113
113
113
114
112
112
112
112
112
112
§Data for May, Aug., and Nov. 1962 and Jan. and May 1963 are for 5 weeks; other
months, 4 w^eeks. Comparable data prior to 1961 not available.
cf Data for May, July, and Oct. 1962, and Jan. and Apr. 1963 are for 5 weeks; other months,
4 weeks.
{For revised data for Jan.-Sept. 1961, see Census report (C20-41).
ONote shift in reference base; data prior to Sept. 1961 on 1957-59 base are available upon
request.
111
SURVEY OF CURRENT BUSINESS
3-10
•-
1961
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1 1962
Monthly
average
.
June
1962
Apr.
i
May | June
I
1%3
July 1 Au.c.
1
Sept.
Oct.
i Nov.
'
Jan.
Doc.
Feb.
Mar. j Apr.
1
May
:
;
;
|
j
CONSTRUCTION AND HEAL ESTATE—Continued
CONSTRUCTION COST INDEXES— Con.
F. II, Bocckh and Associates:^ *
j
Average, 20 cities:
All tvpes combined
1957-59 = 100.. |
Apartments, hotels, office buildings
do
i
Commercial and factory buildings
do
Residences
do
>
1
105. 6
106. 3
105. 6
104.5
Encineering News-Record: O
i
Building
1957-59 = 100.. 107.8
Construction
- -do. _ . l 111.5
Bn. of Public
Roads— Highway construction :t
2
Corm>o c it° (ivg f o r q t r )
1957-59=100
94. 9
CONSTRUCTION MATERIALS
°Cmnposit^una(ljusted9t
^e'lsonallv ad Busted 9 $
107. 6
108. 6
107.6
106. 2
107.9
108. 9
107. 9
106. 4
108. 5
109.4
10s. 5
106. 9
108.7
108.8
109. 7 I 109. 8 '
108.6 ! 108.7
107.2 I 107.3
If )8. 7
108. 5
If 9. 7
1 0'J. 6
If 8.7 ! 108.5
1C 7. 2
106. 9
108. 6
109. 7
108. 6
106. 9
108. 8
109. 9
108. 8
107. 1
108. 9
110.0
108.9
107.1
108.9 i
110.0 :
108.9 '
107 9
109.1 !
110.2 !
109. 1
10 / 4
110.1
114,7
109. 3
113. 6
109.9
114. 7
110.0
114.9
110.6
115.4
111.1
116.0
11 1.0
1] 5. 8
110.8
115. S
110.9
116.1
111.0
116.2
111.2 .
116.4
111.2 1- 1 1 1 . 6
116.4 . i L 1 7 . K
111.1 1
115.9
110.8
115. 8
98. 4 ...
97.0
98. 6
133.9
—
136.0
133.9
149. 8
139. 7
145. 0
135. 9
132. 1
137. 1
75.0.2
141. 3
do
do
do
i 130. 2
131. 6
i 127.4 j 132.8
• 161,6 i 167.6
139. 2
131. 7
168. 0
150.5
146.0
201. 7
146. 3
135.0
193.2
128. 5
121.9
199. 7
152.1 : 133.6
147.9 i 134.5
216.1
201.4
REAL ESTATE
23.1
20.4
19.8
129.3
101 2
i
99 6 !
139.5
133. 7
r
1, 0. 3
K 2.7
129 3
135.3
109. 4
r'7. 9
14 1.4
b 9- 1
2' ->. 9
110.7
132. S
1 75. 5
99. 9
1 1 5. 4
137.2
13.1
''07
10.6
368
11.7
199
8. 9
13.2
203
10.6
161
14.6
197
10.7
150
42s (;Q
503. 65
254. 04
399. 82
202. 02
' 114.4
r
98.3
128.5
109. 4
r
r
109.4
124. 2
130.3 i
135 7 !
99 2
123.9
88.2
1°9 1
139 0
I'.'S 0
'
'
;
i
Mortgage applications for new home construction :* :
Applications for F1IA commitments
thous. units...
Requests for VA appraisals
1 07. 0
107. 9
106. 9
105. 6
|
1947-49 = 100..
_ _ d o _. >
Iron and *teel product-, unad justed t
I umber and wood products unadj.t
Porfand cement unadjusted
2
107.8
108. 8
107. 8
106.3
-
do
20.3 j
1*. 4
14.7
147
17. 1
184
371.89
181.81
402. 80
183' 76
403. 77
206. 90
432. 60
219.31
2, 323
2,429
2, 767
2, 860
2.948 | 3,046
|
3, 091
3, 068
3. 479
1,661
1,857
1,936
1.839
2.036
1, 953
1,750
1, 755
572
635
514
584
739
531
511
515
796
528
543
823
587
505
708
537
534
643
578
2,849
« . 2U4
2, 701
7, 055
2, 983
7,214
3. 075
7, 390
3, 134
7, 206
3.333
7, 56.8
2, 861 i 3, 208
2. 883
7, 034
7, 271 | 7,553
, 100.75 ' 105.42
106. 14
114.53
95. 99
91. 79
94. 58
85. 25
9C . 99
112
104
117
113
107
121
103
96
67
126
102
95
79
122
-
14.8 j
New n on farm mortgages recorded ($20,000 and !
linger) estimated total
m i l . ? - . ! -,596
"\ on farm foreclosures
number i 6,090
mil $
1 7.7 !
207 !
1 4.1
176 ;
17. 8
172
14.3
New mortgage loans of all savings and loan associaj
tions estimated total
.mil, -^ - i 1.447 i 1,730
By purpose of loan:
j
Home construction
- do
\
423 i
4, '8
Home purchase
do
i
^>ui j
^
\11 o^her purpose^
do - i
^23 i
o~l
Fire losses ''on b ^ ^ contents e t c )
15.4
191
12. 1
158
^240
16. 3
167
Home mortgages insured or guaranteed by —
i
F<VI Hous Adrn • Fa^e amount
mil. $.. 397.10 ! 439.24
Vt ' \dm '" Face'amount
do
152.63 22.1.01
Federal[ H o m e Loan Ranks, outstanding advances 5
to member institutions
.mil. $ ! 2, 6G2 ! 3 o, 4/9
1 0
19.3
195
15.5 !
148
464.73 ; 430.95 i 5 if
247.35
231.21
28,
540 !
920 i
576 !
1,731
495 1
746 !
490 |
. 38 i 492. 28
. 92 253. 52
236! 34
18.8 :
197 1
24.9
251
16. 1
160
11 o i rv>
416. 19
392.31
219.06 i 244.64
2, 611
2.514 i
2.635
1,573
1, 503
1,834 1
2.081
43 i
616
523
429
576
498
666 i
595
699
2, 682
7, 221
2. 658
8. 027
2. 424
7. 300
2.751 ;
8, 178 !
3.0G5 !
105. 69
104.29
142.00
126. 53
110
111
115
113
105
125
110
121
123
115
111
127
102
96
79
114
111
82
99
101
114
112
64
125
r
764
•'_"_"_"_'_
I
;
;
137 38 • 141 22 '
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, seas. ad.i.:§
Combined
index
1957-59 = 100..
Bu c iness papers
do
do
Machines
°
do
do
do
Television advertising:
Net work :cf
Gross time costs, total
Automotive, incl. accessories
Dru°"s and toiletries
Foods, soft drinks, confectionery
Soaps, cleansers, etc
Smokine materials
All other
Spot (national and regional):
Gross time costs, total
Automotive, incl. accessories
Drugs and toiletries
Foods, soft drinks, confectionery
Soaps, cleansers, etc
Smoking materials
All other
_
_ ..
Magazine advertising:
Cost, total
Apparel and accessories
_ _ Automotive, incl. accessories
Building materials
Drugs and toiletries
Foods, soft cl rinks, confectionery
Ill
108
119
115
120
110
104
119
109
10'i
117
100
93
102
88
99
86
71
Hi)
79
120
96
87
S3
119
\%
c
Newspapers
Outdoor
"Radio (network)
Television (network)
111
113
118
111
mil. $_ 2 178.0 2 1 99. 7
2
2
do
13.1
12.0
2
do
2 52. 0
63. 3
2
2
do
39. 5
36. 7
..do _.
do
do
do
do
do
do
do_ ._
do
_.do
do
do_
do
do
do
do
2
193. 2
12.2
58.1
39.1
192.4
9.6
62. 6
37.4
!?:f
71.9
18.9
23. 5
48. 2
15]. 4
2
4. 3
30. 2
2180.3
2
5. 9
2
36. 1
2
60. 4
189. 4
7.4
31.8
62.8
151. 9
5.4
30.2
48.3
1 97. 8
6. 6
42.7
65. 9
23.5
9.0
54.9
20.4
5.0
42. 6
19.0
7.3
56. 3
18.0
2
7.4
41. 9
69 7
4.5
7.0
2.5
6. 6
10.2
2
21.1
7.4
49. 4
2
2
73 0
4.6
7.9
2.3
7.1
10.6
87. 1
7- 2
10. 8
3. 6
11. 1
82.0
9.2
3.7
7.3
10.1
72. 9
2.9
7. 6
2. 6
8. 1
10. 3
51. 7
50. 2
4*4
1.7
6.4
8. 8
3' 6
1.4
75. 0
8.4
5 6
?:?
6. 9
9. 4
2.8
2.4
3.3
3.9
5. 0
4.9
1.0
"""""".
38.5
24.4
21.6
36.8
Beer, wine, liquors. _ ._
_ . _.
--do
3.7
4.3
4.5
4.6
5. 1
Household equip., supplies, furnishings .-( o
7. 2
4.8
4.9
5.0
Industrial materials
do. . . . 3.8
3.7
4.2
4. 1
4! 3
Soaps cleansers etc
do
.8
.8
.7
.6
Smoking materials
do. - _
2.4
2.6
2 8
2. 9
3.5
All other
do-28.5
22.9
23.8
26. 0
23.2
r
2 AI n u a l
Revised.
i Index as of June 1, 1963: Building •, 111.9; c onstruct ion, 118.1
average based on n u n r t e i l y data.
3 End o f year.
^Copyrighted data; see last paragraph of licadnot e, p. S-l
*Ne \v series; data pn or to
1961 (1962 for seas. adj. mortgage applications) will 1 e shown later,
OI^ ised to r 'fleet
data as of 1st of indicated month and shift to 1957-f 9=100 n ference >asc; d n t i for bui dins
costs prior to Aug. 1961 are shown on p. 18 of the Oct. 1962 SriIVEY; 19f 0-62 dat i for con> trucf ion costs, on p. 18 of the May 1963 SURVEY.
f Re\"ised to r 'fleet cur rent spec ification < and
base period; data prior to 4th qtr. 1960 are available i ipon req nest.
2
20.9
21. 7
41.2
2
2
S
2 20. 9
2
22. 2
2
40. 8
2
2
III
19.2
21.2
37.0
2
2
110
112
115
91. 8
6. 8
12.8
2.4
8. 6
13.1
5.1
7.6
4.4
1.0
96. 3
5.4
11.3
1.9
9.9
14.1
71.9
3.2
6.1
1.0
8.0
10.4
~
50. 7
1.5
5. 8
1.2
4.7
8. 8
66. 6
3.0
9. 0
1.5
5.9
10.3
85.1
5.3
10.9
3. 1
8 6
11.4
90.6
6. 9
10.4
8'.4
10. 7
8.6
6.2
1.6
3.2
4.4
4.3
4.2
7.0
3. 5
5. 0
3.5
4.6
2'l
2. 4
3.5
4.4
1.4
1.0
1.5
o 7
2^5 !
3.7
• )- 1
2.8
2.5
li.'o i
16.3 i 217 1 27 9
1 9. 6
31.7 <
24.6
30. 1
9 Includes data for lems no shown > e par ate V.
Revision. , availab le upon request ire as fo lows: 19 55-61 for compos ite hide \: 1955June 1960 for ir on and s eel; 1959 -Oct. 196 1 for him )er and wood prcxlucts.
le
§ vised o reflect 1957-59 reference base; d t ta for J an. -Mar . 19i'-2 an d earlier periods
shown ater.
will bt
o71 Revised beginnii ig 1961 t() provide for hori zontal cr ntiguity rate stru cture, w herein a
single advertise^r might obtain t lower b asic rate through the pur chase of time acr Dss-theboard not dire ctly com parable \ vitb earl cr data.
3.6
3.4
3. 2
.6
SURVEY OF CURRENT BUSINESS
.Tune 1063
1961
Unless otherwise slated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
ADVERTISING— Continued
1962
1962
Mont lily
average
Apr.
May
June
July
Aug.
1963
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
235 9
50. 3
184.9
20. 1
134 9
195. 3
16.2
5 1
31.3
149 6
°01 4
59'. 2
202. 2
12. 3
4 3
30. 0
1 55, 0
4 5
21.2
151 5
197 7
55. 1
142.0
9.6
0 6
17.8
108 0
190 3
53. 2
137. 1
10. 3
4 2
19.5
103 2
Mar.
Apr.
May
DOMESTIC TRADE—Continued
!
j
Newsiviper
advettising linage (52 cities):
'r ot'il
mil lines
ri-i^ifk'd
do
Dismay, total
- _do __
Automotive
_ _ _
_ __do
rinaTK'iil
do
General
_
_
do
"Retail
do
S-ll
231 4
997 f.
62. 3
105. 3
14.2
4 4
9
0 1
120.6
207 o
27 6
135.6
250 9
05. 0
190.9
1 5. 1
4 4
30. 5
140 9
19. 0
108 3
04. 6
105. 1
11.3
3.5
9
0. 0
1 30. 4
58. 1
173. 3
12.3
4.9
20. 9
129. 1
233 2
00. 5
172.7
12.4
4.8
25.1
130. 3
240 0
03. 6
182.4
13.7
01 7
145.3
12 0
999 §
239 5
03. 2
170.3
11.2
4i
257 8
°38 7
63. 4
175.3
11.9
4 7
25. 4
133 3
241 1
03. 7
177.4
15. 3
4 9
25 0
131 0
RETAIL TRADE
Ml retail stores:
E'-tiin-'itf-a sale^ (unadj ), totalf©
18, 234
19,613
19.251
20 296
20, 254
19. 138
19, 920
18, 863
20 570
20, 911
24 127
38 961
17 087
r
Durable poods stores? ©
do
'\utomotive group©
do
Motor veh., oilier automotive dealers. do
T're battery accessory dealers 0
do
5 008
3, 076
2.870
20fi
0,245
3. 500
3. 344
2°°
6 "84
3, 703
3, 544
0 828
4, 020
3, 780
240
6. 780
3. 944
3 097
947
6 330
3. 507
3, 334
933
6, 321
3, 421
3, 194
227
5 004
2,808
0 9S8
4, 082
3, 850
0 742
3, 809
3, 041
228
6 700
3, 434
3, 139
295
5 695
3. 487
3, 309
178
5 432
3, 309
3, 148
101
r
Furniture and appliance group
...do
Furniture, homefurnishings stores ..do
Household appliance, TV, radio
do
Lumber, buildinsr, hardware group. _ _ . d o
Lumber, bldg. materials dealers cf
do
Hardware stores
do
8f>r>
mil. $
Nondurable poods stores 9
4i)parel trroup _ - _ _ - . _ _ .
...
Men's and boys' wear stores
Women's apparel accessory stores
[Family and other apparc^ ^tore^
_.
....
_.
..
,547
318
013
700
213
12.620
do.
d o _ . 1,144
222
do
439
do
282
do
201
Drug and proprietary stores
Eating and drinking places
Food group
_
Groee r v stores
Gasoline service stations
do
do
_do
do
do
General merchandise group 9
do
"Department stores
do
Mail order houses (dept. store mdse.) .do
"Variety stores
do
Liquor stores _ . _ _
do __
045
1 , 307
4,618
4, 1 59
1.498
2, 070
1 213
001
5 S3
318
947
728
219
13, 307
1, 195
450
297
213
069
1,442
4, 801
4, 344
1.554
9j9
7 80
ti'jf)
200
950
728
999
12,907
1 , 307
221
490
399
270
043
1,371
4, 520
4 073
1,511
9 152
1 ' 948
876
577
299
1, 063
814
249
894
580
314
1 , 008
829
239
13 398
1,183
13, 468
1,121
403
285
214
407
009
1,480
4,791
4 320
1,577
9p,9
9
12
007
1,537
5, 033
4, 503
1,623
873
573
300
1,070
850
220
948
625
323
1,096
874
292
209
916
598
318
999
782
217
90°
027
335
1,008
810
999
1.020
058
362
970
700
216
830
517
313
695
520
175
1. 216
745
471
921
609
312
9
!9 053 •-91) 550
r
r
0 383
3, 920
3, 732
r
r
r 604
r
191
r
14. 169
1. 320
414
275
215
455
290
9
30
408
308
9J2
513
340
209
646
1. 560
4, 733
4, 207
1.047
058
1,030
4, 997
4, 521
1,062
9
03
1,513
4. 823
4 309
1,504
047
1,485
4, 803
4 3^0
1,004
000
1,445
4, 917
4, 450
1, 561
880
1. 479
5, 237
4, 732
1, 629
649
1.334
4. 738
4, 303
1.540
041
1, 254
4 407
4 048
1, 395
' 007
65''
r
1,421 r 1,405
r
4, 970 r 4, 711
r
4 531 r 4 951
2,241
1, 206
180
307
401
2, 232
1 ? 303
105
35°
430
2, 372
1 377
183
300
447
2.711
1, 575
4,119
1,027
' 2, 075
400
488
207
7r~1
700
1,756
1 005
139
9
59
409
236
169
11 055 '1 3 270
820 '1,081
r
180
100
r 498
39 0
103
' 905
147
!3 585
1 , 209
T
9
57
"•""
2,141
1 202
402
435
1,926
1 100
131
323
437
do
19 073
19 508
19, 103
19, 701
19, 045
19, 693
19, 821
20, 230
20 203
20. 247
Durable goods stores 90
___.do
Automotive croup©
_.
do
Motor veh., other automotive dealers do
Tire, battery, accessory dealers© __do
0, 332
3 040
3. 422
0, 109
3, 520
3, 297
223
6, 029
3, 436
3, 990
216
0, 378
3, 058
3, 446
212
6, 128
3, 423
3,218
205
6, 1 25
3, 372
3,149
223
0, 481
3, 832
3,610
0, 523
3, 700
3, 533
227
6,453
3, 062
3.418
244
6,477
3, 726
3, 502
224
6, 583
3 799
3, 570
292
do
do
do
do.- __
888
589
300
972
219
801
565
296
923
713
210
908
604
304
978
763
215
909
595
314
951
730
215
951
025
320
933
710
223
891
574
317
927
718
do
870
569
314
940
798
218
924
585
339
9(51
744
217
949
003
340
955
708
247
941
600
341
941
714
227
951
01 1
340
926
710
216
do
do
do
do
do
do
13,341
1 207
13, 339
1, 190
236
451
304
205
13, 134
1,114
208
431
277
198
13,383
1,200
299
402
301
208
13,517
1, 224
237
403
301
223
13, 508
1,203
230
407
292
208
13, 340
1 , 1 60
225
442
989
211
13, 707
1, 231
231
483
300
217
13, 750
1,219
231
467
299
222
13, 770
1,220
230
461
314
215
13, 767
1 214
236
461
301
216
077
1 444
4 801
4, 335
1,533
680
1 464
4 722
4, 269
1, 553
674
1 404
4 835
4, 308
1,525
073
1,461
4, 856
4, 391
1,546
651
1 454
4 915
4, 453
1, 503
648
1 443
4 846
4] 390
1,566
090
1,486
4 813
4, 300
1,500
680
1 405
4 998
4' 474
1, 005
663
1 463
4 943
4, 485
1,039
r (379
088
1 502 T i 513
4 897 r 4 307
4 439 r»• 4*. 359
1 007
1 008
075
1 594
4 881
4, 409
1 695
2, 203
1,315
167
376
448
2,193
1 294
100
357
433
2 283
1 340
107
374
448
2,294
1, 303
181
381
471
2, 332
1 302
182
308
436
2 929
1 254
103
371
456
2, 393
1, 355
177
392
473
2, 340
1 389
167
356
448
2,320
1 336
177
373
460
2 319
1 334
179
378
459
r 2, 491
r I 417
2 340
1 335
175
300
457
27. 02
11.77
4.87
1.92
2.48
26.91
11.76
4.88
1.91
2. 46
26.66
11.17
4.21
1.92
2.44
27. 02
10. 90
3. 97
1.97
2.42
28 04
11.44
4.33
2. 01
2.40
28 57
11.73
4 52
2. 05
2. 3/
26. 56
11. 46
4.81
1.91
2.30
26. 51
11.56
5. 03
1.87
2.30
27.29
11. 96
5.37
1.87
2.35
r 98 18
r 12 19
5 42
1.91
2.43
28 99
I 9 23
5 49
1 92
2.45
r 15 98
3.48
3 42
r
4 63
16 06
3.46
3 47
4 66
r
27 67
11 78
f 5. 00
1.92
1
2 38
97 ftp
11 74
4. 99
1.90
9
30
r 15. 88
3 44
3 38
r
4. 04
15. 92
3 44
3 45
4.62
Estimated sales (seas adj ) totalt©
Furniture and appliance group
Furniture homefurnishings stores
Household appliance TV, radio
Lumber, building, hardware group
Hardwa r e store12
Nondurable goods stores 9
Apparel group
Men's and boys* wear stores
Women's apparel accessory stores
Family and other apparel stores
Shoe stores
Drug and proprietary stores
Fating and drinking places
do
do
Grocery stores . _
Gasoline service stations
do__
do
340
409
3 '"-3
294
231
450
304
292
075
1 49.6
4 787
4,318
1,547
General merchandise group 9
do_ _.
Department stores
do
Mail order houses (dept store mdse ) do
Variety stores
do
Liquor stores
do
Estimated inventories, end of year or month: J
Book value (unadjusted), total
bil $
Durable soods stores 9
do _ _
Automotive group
do
Furniture and appliance group
_do__ .
Lumber, building, hardware group. .-do
1 5(5
2.248
1 303
171
379
459
137
•) sy)
999
9f)0
01)9
9
0 350
26. 56
11.46
4.81
1.91
2.30
27. 54
11.99
5. 04
1.97
2.50
27. 44
11.98
5. 04
1. 94
2.49
do
do
do __
do
14.75
3.22
3. 31
4. 04
15.10
3.23
3.34
4.20
15. 50
3.41
3. 35
4. 40
15.40
3. 35
3.37
4.42
15.25
3.26
3.34
4.34
15. 15
3.19
3. 28
4.38
15. 48
3.40
3.28
4.53
16.06
3.58
3.38
4, 7(5
16 60
3.70
3.43
5.09
16. 84
3.70
3.46
5.15
15. 10
3.23
3.34
4.20
14.94
3.09
3 29
4. 17
15. 33
3.25
3. 35
4.41
do
do _ _
do
do
do
20. 86
11. 52
4. 09
1.92
2.33
27. 43
11.73
4.88
1.96
2.38
20. 87
11.43
4.54
1.96
2.41
20. 94
11.42
4. 54
1.93
2. 40
27.08
11.45
4.55
1.92
2.43
27. 18
11. 59
4.07
1.94
2.44
27.05
11.51
4.58
1.92
2.45
27. 24
11.66
4. 72
1.94
2.44
27. 40
11.76
4.81
1.94
2.44
27. 49
11.83
4.88
1. 94
2.43
27. 43
11.73
4.88
1.96
2.38
27.54
11.72
4. 95
1. 95
2.30
27.59
11.78
5. 02
1. 93
2. 36
15.34
15.52
15.62
15.44
15.70
Nondurable goods stores 9
do
3.42
3.40
3.43
3.39
3.41
Apparel croup
do
3.34
3.
33
3.31
3. 36
3 34
Food group
do
4.44
4.58
4.46
4.44
4. 52
General merchandise group
do
l
f Revised.
Advance estimate.
fData for retail sales (1940-50) and for wholesale
sales and inventories (1940-47) have been revised for comparability with later data; new
figures are available upon request.
9 Includes data not shown separately.
©Revised
beginning Feb. 1961; revisions for Feb.-Apr. 1961 are available upon request. ^Comprises
15.59
3.41
3.30
4.54
15. 54
3.39
3.33
4.51
1 5. 58
3. 34
3 40
4. 50
15.64
3.38
3 38
4. 54
15.66
3.38
3.36
4.51
15.70
3.42
3.34
4. 58
15. 82
3.37
3 38
4.63
15.81
3. 38
3 38
4.00
Book value (seas, adj.), total
Durable goods stores 9
Automotive group
Furniture and appliance group
Lumber, buildins:, hardware group
1Q«)
'159
r 39f)
r
427
130
9
74
386
25. 78
11.03
4.38
1.88
2.25
Nondurable ffoods stores 9
Apparel croup
Food croup .
General merchandise group
r I
r9
^2,312
1 318
'lf>9
i 674
i 1,578
i 5 129
1
4 042
i 1,603
1
2, 253
387
418
0 305 r90 355
i 20 305
r 0, 044
i 6, 547
>• 6, 025
r 3, 778
r
3, 549
r
229
r
955
r f>14
r
341
»• 955
r 73()
r 295
'13, 740
r
1 212
T
232
r
406
r 204
f 220
183
r 459
r
r
14 123
i 1, 190
305
2, 201
1 982
103
35 i
424
1*3!5
1 09
371
450
{
4-83
r
••1,543
950
283
979
748
231
13, 588
1,214
I . 500
986
1
r 844
5(51
838
r 543
- 295
13, 259
1,193
17,301
2.127
407
801
554
305
7 212
4 248
33
r
13, 599
1,090
12, 808
G71
185
368
936
182
!
9
r j()4
781
502
279
049
493
1 50
21 335
1
0 005
4. 248
4,015
3 888
3, 059
229
008
587
391
950
735
9
15
'13,711
i 13,818
1 172
933
444
990
9
05
...
lumberyards, buildins materials dealers, and paint, plumbing, and electrical stores.
JRetail inventories have been revised beginning 1946. Revisions for Dec. 1957-Sept. 1900
appear on p. 24 of the Dec, 1961 SURVEY; those for the earlier period are available upon
request.
SUEVEY OF CUERENT BUSINESS
S-12
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
June 1968
1962
1962
Monthly
average
Apr.
May
June
July
Aug.
1963
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
1
May
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Firms with 4 or more stores:
Estimated sales (unadjusted), totall
Firms with 11 or more stores :
Estimated sales (unadj.), total 91—-
5,127
5, 472
5,236
5,396
5,499
5,041
5, 526
5,413
do
4,378
4,631
4,464
4,594
4,698
4,269
4, 670
4. 559
do
do
do
__do
do
do
do
297
30
120
86
127
95
38
311
29
124
94
137
100
40
361
32
138
118
130
98
37
315
29
128
97
132
103
41
299
30
116
95
134
106
38
250
22
100
79
129
105
36
291
23
115
96
131
106
41
General merchandise group 9- -.
do
Dept. stores, excl. mail order sales
do
Variety stores
do
Grocery stores
- - do
Lumber vards, bldg. materials dealerscf-do
Tire, battery, accessory dealers!
do
1,354
823
262
1,843
63
83
1,464
896
284
1,920
62
90
1,398
858
277
1,805
62
87
1,424
883
268
1,908
69
100
1,402
875
271
2,041
71
101
1,262
770
248
1,818
72
96
do
4,582
4,591
4,523
do
302
29
119
92
138
100
39
311
30
122
93
134
102
40
291
28
117
86
136
102
37
1,414
852
283
1, 921
65
89
1,451
878
287
1, 906
61
89
i 13,053 i 14,299
8, 241
5, 903
8, 058
7, 150
7, 441
7, 161
6,858
5,892
12,678
5, 864
6,814
6,901
5,777
47
15
48
17
43
42
16
109
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
mil. $.-
Estimated sales (seas adj ) total 9 f
Apparel group 9
^Vomen's apparel accessory stores
Shoe stores
6,044
7,767
4.901
4,592
' 5, 469 5. 580
4, 692
5, 056
6,526
4,075
3, 826
' 4. 571 4.651
318
25
125
105
129
101
39
314
30
124
93
132
103
46
346
35
143
93
137
99
48
546
58
228
142
213
101
49
?3?
24
93
70
1?9
91
30
202
18
82
64
128
89
32
1,459
870
285
1,960
76
91
1,436
884
271
1,893
67
86
1,519
939
279
1,890
73
92
1,734
1,062
307
2,000
66
92
2,664
1,617
578
2,103
52
126
1. 120
689
191
1 897
45
69
1 035
618
204
1 790
42
62
4,635
4,670
4,691
4,610
4,743
4 741
4 731
314
30
125
92
134
99
40
330
32
127
98
135
99
40
313
30
129
93
135
99
41
305
29
121
95
136
100
41
320
29
130
97
142
102
42
309
28
125
93
142
101
43
1,420
870
275
1, 899
61
87
1,472
896
287
1, 913
64
89
1,487
886
302
1,921
62
86
1,496
916
284
1,936
61
93
1,428
863
288
1 , 940
61
90
1, 523
929
302
1,937
65
94
12, 868
5. 948
6, 920
7, OOS
5, 860
13,010
0. 088
6. 922
7, 008
6, 002
12, 948
6, 153
6, 795
6. 898
6, 050
13, 045
6, 213
6, 832
6, 973
6, 072
13, 156 13.390
6.148 6, 245
7.008
7, 145
6, 977
7,153
6,179
6.237
46
17
48
17
48
17
47
16
47
17
46
17
43
40
17
43
41
16
42
41
17
43
40
17
44
39
17
44
39
17
114
112
113
110
115
105
111
96
114
do
do
Eating and drinking places
do
General merchandise group 9
do
Dept. stores, excl. mail order sales
do
Variety stores. .
_do
Grocery stores
do
Lumber yards, bldg. materials dealerscf --do
Tire battery accessory dealers'?
do
All retail stores, accounts receivable, end of mo.:*
Total
mil. $
Durable goods stores
do
Nondurable goods stores
do
Charge accounts
do
Installment accounts
__do__
Department stores:
Ratio of collections to accounts receivable:
Charge accounts
percent-Installment accounts
_
_ _ __do _ _
Sales by type of payment:
Cash sales _ -_ percent of total sales. .
Charge account sales
do__ .
Installment sales
do
Sales, total "United States: J
Unadjusted
1957-59=100
Stocks, total U.S., end of month:!
Unadjusted
Seasonally adjusted
do
do
283
25
116
87
135
102
39
353
29
141
113
134
102
38
1 501
921
294
1 862
63
92
4 739
1T 329
829
241
2 067
52
77
r 4 799
315
27
130
95
138
98
38
319
31
131
97
146
101
38
318
31
132
97
139
104
40
305
1 503
962
269
1, 965
64
98
1 505
923
280
1,965
61
88
1 510
922
284
1,951
61
86
r 1 gQO
r
995
287
1,927
63
91
1 519
920
298
1.944
64
90
13, 557
6, 203
7, 354
7.223
6.334
14, 299
6, 241
8,058
7,441
6,858
.13. 474
5.89?
7.582
6.842
6.632
12, 700
5,685
7,015
6,586
6,114
12, 912
5 799
* 7, 113
6, 658
6, 254
13 272
5 Q51
7,321
6 982
6 ?90
49
17
49
17
48
17
49
17
48
16
48
17
47
16
42
41
17
41
42
17
42
41
17
45
39
16
43
38
19
42
40
18
42
41
17
43
40
17
104
115
117
117
113
110
141
118
212
117
85
114
85
114
101
119
r p HPJ
120
120
•P 123
P 120
13. 19
4 51
8 68
13 58
4 82
8 76
13 98
r 7 09
r Q gg
13 87
7 07
6 79
188. 45
188. 64
r
r
r
r
T
r
r
110
117
118
115
117
117
112
118
112
119
117
118
125
118
135
120
135
118
110
117
107
120
112
119
12.56
4.28
8.27
13.06
4.52
8.54
12.60
4.54
8.06
13.52
4.76
8.76
13.12
4.69
8.43
12.71
4.47
8.24
13.71
4.78
8.93
12. 86
4 50
8. 30
14.33
4.97
9.36
13.89
4.62
9.27
13.13
4.26
8.87
12.36
4.25
8. 11
12. 15
4.07
8.08
r
U3.49 U3.81
6.83
6.68
6.98
6.81
13.61
6.98
6.62
13.59
7.05
6.54
13.71
7.08
6.63
13.70
7.06
6.64
13.76
7.01
6.75
13.85
7.00
6.85
14.13
6.97
7.16
14.15
6.95
7.20
13.81
6.83
6.98
13. 88
6.84
7.04
13.83
6.92
6.91
r
187. 63
187. 84
188. 06
188. 26
4 713
9-
194
94
139
10T
39
f P HO
WHOLESALE TRADE f
Sales, estimated (unadj.), total
Durable goods establishments
Nondurable goods establishments
__bil. $__
do
do
Inventories, estimated (unadj.), total
Durable goods establishments
Nondurable goods establishments
__do
do
do
r
EMPLOYMENT AND POPULATION
POPULATION
Population, U.S. (incl. Alaska and Hawaii):
Total, incl. armed forces overseas§
mil.. 3 183.74 2186.59 185. 94
EMPLOYMENT 0
Noninstitutional population, est. number 14 years
of age and over, total, unadj
*mil__ 127. 85
Total labor force, incl. armed forces
Civilian labor force, total
Employed, total
Agricultural employment
Nonagricultural emplovment
Unemployed, total
Long-term (15 weeks and over)
Percent of civilian labor force
Not in labor force
thous..
do
__ do
do
do
74,175
71, 603
66, 796
5, 463
61,333
do
4,806
1,532
do
_
6.7
thous. . 53, 677
186. 15
186. 37
186.59
186. 85
187. 38
188. 84
129. 59
129. 75
129. 93
130.18
130. 36
130. 55
130. 73
130. 91
131. 10
131. 25
131.41
131. 59
131.74
131. 86
74, 681 3 73, 654
71,854 70, 769
67, 846 366,824
5,190
4,961
62, 657 61, 863
74, 797
71, 922
68, 203
5,428
62, 775
76, 857
74, 001
69, 539
6, 290
63, 249
76, 437
73, 582
69, 564
6,064
63, 50 0
76, 554
73, 695
69, 762
5,770
63, 993
74, 914
72, 179
68, 668
5,564
63, 103
74, 923
72, 187
68, 893
5, 475
63, 418
74, 532
71, 782
67, 981
4,883
63, 098
74, 142
71,378
67, 561
4,066
63, 495
73, 323
70, 607
65, 935
4,206
61, 730
73. 999
71, 275
66,' 358
4,049
62, 309
74, 382
71, 650
57] i4g
4', 337
62, 812
74, 897
79 igj
g§' 097
4^673
63 494
75,
864
70' -i 9-
4,007
1,119
5.6
55, 400
3,719
1,274
5.2
54, 956
4,463
1,033
6.0
53, 072
4,018
921
5.5
53, 746
3,932
934
5.3
53, 805
3,512
906
4.9
55, 631
3,294
865
4.6
55, 808
3 801
*866
53
56, 378
3 817
'979
5.3
56, 954
4, 672 4, 918
l! 153 M03
6.6
6.9
57, 930 57, 414
4 501
l[386
63
57, 208
4 , Af;q
UDo
71, 730 72, 197
67, 833 68, 104
5, 1 18 5,087
62, 715 63,017
4, 093
3,897
5.7
5.4
72, 254
68, 188
5, 114
63, 074
4, 066
5.6
71,915
68, 076
5,040
63, 036
3,839
5.3
71, 827
67, 691
4.' 983
62, 708
4, 136
5.8
72, 084 72, 348
68. 091 68,' 171
4,' 843
5' 183
63, 248 62', 988
3,993
4, 177
'5.8
' 5. 5
130. 08
3,946
1,483
5.6
55, 933
Civilian labor force, seas. adj.*_
do
3 71,585 71. 782 71, 673
s 67,591 67, 821 67, 731
Employed, total
_
do
Agricultural employment
do
5,296
5,269
5, 190
Nonagricultural employment
do
62, 295 62. 552 62, 541
Unemployed, total
do
3,994
3,942
3,961
Percent of ci vilian labor force 5.6
5.5
5.5
2
••Revised.
p Preliminary.
i End of year.
As of July 1.
3 gee note"©".
1 Revised beginning Feb. 1961; revisions for Feb.-Apr. 1961 will be shown later.
9 Includes data not shown separately.
cf Comprises lumber yards, building materials dealers, and paint, plumbing, and eleccrical stores.
fSee corresponding note on p. S-ll.
§Revisions (1950-61) are available.
187. 11
72, 501
68 086
4, 841
63,' 245
4, 415
'ft 1
72 698
gg' ggg
5 008
63', 628
4 062
'fifi
1,424
56
56, 843
73 OO9
co' 074.
Do, ol 4
9
503
63i 851
4 198
% 7
to, LZi
69 061
5,' 178
fi'V
&S'-{
Do, ooo
4, 066
1,292
5 . f\D
56, 001
72 989
68, 676
5, AOO
Uoo
63, 643
q
4 , 01
oio
e; Q
*New series. Back data for accounts receivable are available from Bureau of the Census.
Monthly labor force data (1949-62) appearin" Employment and Earning?," BLS (Mar 19P>3)
{Revised series. Figures for 1919-62 for department store sales and stocks, total U S
(seasonally adjusted) appear on p. 20 of the May 1963 SURVEY.
©Beginning April 1962,
not strictly comparable with earlier data; see July 1962 STJRVEV.
SURVEY OF CUKEENT BUSINESS
June 1963
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
I 1962 P
Monthly
average
S-13
1962
Apr.
May
June
July
Aug.
1963
Sept.
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
Apr."
May p
56, 167
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Employees on payrolls (nonagricultural estab.):f
Total, unadjustedf
thous.. 54, 077
55, 325
54, 849
55, 209
55, 777
55, 493
55, 709
56,252
56, 333
56, 214
56, 444
54, 833
54, 780 '55,068 '55,822
16, 267
do
do _ _ . 9,042
7,225
do
16, 750
9, 443
7,308
16, 636
9, 422
7, 214
16, 682
9.475
7,207
16, 870
9, 547
7,323
16, 782
9,463
7,319
16,931
9, 402
7,529
17,127
9,571
7, 556
17, 028
9, 562
7,466
16, 891
9, 533
7,358
16, 727
9,473
7,254
16,551
9,407
7,144
16, 546
9.399
7,147
666
87
156
309
647
84
144
304
647
87
146
302
657
88
145
304
661
89
143
308
648
88
130
310
658
84
142
309
651
80
143
307
645
79
144
303
638
79
142
300
628
78
140
301
617
79
140
295
614
81
140
294
2,760
3,923
820
270
2,696
3,925
801
264
2,589
3,904
808
267
2,749
3,924
815
266
2,839
3,965
819
261
2,982
3,948
811
254
3,031
3,963
810
2,936
3,959
792
267
2,801
3,934
782
254
2,978
3,959
784
265
267
2,532
3, 937
787
269
2,349
3,794
760
270
2,241
3,862
761
269
875
197
695
611
910
205
690
607
887
205
687
601
893
207
688
602
919
208
692
613
920
193
698
618
928
199
699
619
942
210
693
612
948
211
688
605
939
209
688
603
925
210
686
602
885
212
683
600
888
212
683
600
11,368
do
3,008
do
do._ - 8,361
2,748
do
7,516
do _
8,828
do
11,571
3,071
8,500
2,793
7,757
9, 185
11, 470
3,028
8,442
2,770
7, 690
9,143
11, 476
3, 034
8,442
2,780
7,769
9,172
11, 582
3,074
8,508
2,808
7,881
9,171
11,540
3, 091
8,449
2,839
7,884
8,870
11, 558
3.107
8,451
2, 841
7, 867
8,860
11,627
3, 105
8. 522
2, 813
7, 856
9,241
11, 682
3,113
8, 569
2,807
7,870
9,406
11, 842
3,113
8,729
2,808
7,830
9,470
12, 401
3,129
9,272
2,807
7,805
9,607
11, 520
3,086
8,434
2,803
7,761
9,438
11,415 '11,477 '11,730
3,089
3,082
3,078
8,337
8,395 ' 8, 641
2,821
' 2, 834
2,810
7,782
7,826 ' 7, 931
9,510
9,536 r 9, 534
do.- _ '54,077 i 55, 325
16,267 16, 750
do
9,042
9,443
do
201
215
do
600
607
do
381
367
do-_ 567
572
do
1,142
1,166
do_
55, 260
16,848
9,490
55, 403
16, 891
9,544
55, 535
16, 923
9, 555
55, 617
16, 908
9 552
55, 536
16, 795
9, 461
55, 647
16,781
9 470
55, 597
16 695
9 413
55, 580
16,681
9 418
55, 536
16 632
9 399
221
605
380
220
603
380
220
608
380
55, 730 r 55, 963 '56,189 56, 359
16 665 '16,771 ' 16, 908 16 984
9 423 ' 9 478 T 9 575
9 653
'214
214
219
'218
610
' 610
611
'617
378
381
382
384
579
1,119
572
1,115
565
1. 121
562
1,121
561
1,136
566
' 1, 151
579
' 1, 177
584
1,194
Fabricated metal products
do
Machinery
_ do
Electrical equipment and supplies _ _ _ d o
1,076
1,401
1, 436
Transportation equipment
Instruments and related products
Miscellaneous manufacturing ind
Manufacturing establishments
Durable goods Industries _ __
Nondurable goods industries
Alining total 9 _
do
Metal
do
Coal mining
do
Crude petroleum and natural gas __ _.do__ .
Contract construction
_.do
Transportation and public utilities?
do
Railroad transportation _
do
Local and interurban passenger transit do
Motor freight trans, and storage
Air transportation _ _ _ _
Telephone communication
Electric, gas, and sanitary services
Wholesale and retail trade.Wholesale trade
Retail trade
Finance, insurance, and real estate
Per vi cos and miscellaneous
Government
do
do
do
do
r
16, 613 ' 16, 693 16, 775
' 9, 430 ' 9, 505
9,585
r
7, 188
7, 190
r 7, 183
612
80
'627
82
136
297
' 134
'294
' 2, 315 ' 2, 589
' 3, 868 ' 3, 884
773
'765
268
266
'890
903
213
687
598
'213
685
600
635
2,749
3,910
11,685
3,092
8, 593
2,845
8, 009
9, 559
217
607
386
22?
609
385
581
1, 163
581
1,149
5S3
1,141
55,583
16,805
9 486
220
603
380
576
1,134
1,135
1,460
1, 541
1,131
1, 470
1,554
1,132
1,474
1,555
1.122
1,4*0
1,541
1.129
1,471
1, 528
1,117
1, -182
1, 546
1,110
1,481
1,527
1,111
1,468
1,535
1, 104
1,466
1,533
1 109
1,461
1,534
r
1,117 ' 1, 136
' 1, 464 ' 1, 472
' 1, 536 ' 1, 539
1, 149
1, 476
1, 554
1.637
356
394
1,663
359
399
1,687
359
400
1. 688
362
401
1,619
362
397
1, 694
358
393
1,674
359
392
1. 652
358
392
1, 669
359
387
1, 662
300
383
1 671
361
383
r
1 727
367
393
7, 308
1,772
7, 358
1,788
7,347
1,776
7, 319
1,770
7 311
1, 769
7 282
1, 763
7 263
1, 773
7 233
1 770
93
879
96
874
93
871
90
868
90
866
87
860
1, 235
1,258
1,248
89
885
1,200
1, 242
602
1,249
1, 243
602
604
1, 246
590
1, 231
1,229
1.220
606
606
603
603
601
604
602
926
830
203
365
933
850
196
389
934
847
199
384
935
849
199
392
937
855
198
395
938
853
191
393
937
855
191
390
914
853
189
389
913
853
187
391
369
360
362
938
855
189
389
361
366
937
858
199
396
361
7,368
1,774
87
891
1,257
606
937
853
199
399
365
7, 334
1, 763
88
889
88
890
7 356
1, 777
89
881
358
360
358
356
350
7 242 ' 7 293 ' 7 333 7 331
1 768 r 1 780 ' 1 767 1 746
r
88
88
88
89
' 864
858 r 861
864'
1. 229
1,253 ' 1,273
1 276
602
' 605
' 605
607
'935
941
911
915
r
856
'863
859
863
188
189
188
190
392
397
394
401
350
' 352
350
354
666
Mining
do
2, 760
Contract construction
do
Transportation and public utilities..
do. _. 3,923
11,368
Wholesale and retail trade
do
2,748
Finance, insurance, and real estate. _ do
7 516
Services and miscellaneous
do
8,828
Government
do
Production workers on mfg. payrolls, unadjusted:!
Total, unadjustedf—
__thous__ 12, 044
647
656
659
652
646
641
2, 716
3, 936
11,596
2,786
7, 692
9,127
636
625
2, 734
3, 935
11,546
2,778
7, 675
9,088
638
623
2. 671
3, 934
11.621
2, 788
7, 749
9, 197
625
2, 696
3, 925
11,571
2,793
7 757
9,185
648
2,738
2,731
3, 932
11, 627
2, 796
7 805
9,204
2,715
3,928
11,612
2, 799
7 809
9,274
2,716
3, 935
11,594
2,813
7 831
9, 339
2, 696
3,918
11, 600
2,822
7 846
9,384
2, 654
3, 921
11,573
2.821
7 876
9, 429
2, 651
3, 836
11,637
2. 828
7 895
9. 434
2, 646
3,913
11 679
2,836
7 917
9,' 449
12, 417
12, 338
12, 541
6, 931
7 000
12, 372
12, 566
6,975
7,037
12, 516
12, 581
7, 025
7 035
12, 544
12 43°
6, 862
6 925
12,751
12,446
7,034
6 953
101
567
323
479
911
399
872
1,021
1,059
1,133
566
389
230
338
5,717
5 493
1 330
105
796
1,125
485
603
523
122
97
308
319
12, 661
12 416
7,027
6 933
12, 518
12 324
6, 994
6 875
12, 358
12 311
G. 929
6 880
12, 187
12 957
6, 862
6 853
101
558
324
102
547
322
101
530
319
'100
518
315
12, 173 r!2 240 12 319 12 387
12 284 r 12 386 '12 521 12 578
6, 848 ' 6, 883 6, 967
7, 037
6 874 r Q Q3Q r 7 036
7 097
99
' 96
98
96
r 518
514
' 528
551
474
898
465
894
446
900
432
900
391
871
388
865
392
859
394
848
1,018
1,062
1, 150
1, 017
1, 060
1,160
1,018
1, 053
1,168
1, 021
1,042
1 168
581
391
589
396
596
399
593
399
230
342
5 634
5 483
1 266
230
332
230
305
5 429
5 431
1, 147
229
287
5 325
5 404
1 099
Total, seasonally adjustedf
Manufacturing establishments
Durable goods industries
Ordnance and accessories
"Lumber and wood products
Furniture and
fixtures
Stone, clay, and glass products
Primary metal industries _
do
do
do
Nondurable goods industries
do
Food and kindred products
do
Tobacco manufactures
do
Textile mill products
do
Apparel and related products
do
Paper and allied products
do
Printing, publishing, and allied ind__do
Chemicals and allied products
__ .do
Petroleum refining and related ind do
Rubber and misc. plastic products _ do
Leather and leather products
do
211
611
382
213
609
387
571
1,223
579
1,199
1,118
1,459
1,528
1,124
1,453
1,528
1.522
346
382
1,645
358
393
1,780
90
880
213
611
386
6,613
6,930
Durable goods industries, unadjusted, .do
Seasonally adjusted
do
94
99
98
98
97
Ordnance and accessories
..do
535
544
546
527
571
Lumber and wood products
do
304
314
316
313
317
Furniture and
fixtures
do
455
467
460
454
476
Stone, clay, and glass products
do
914
964
938
936
991
Primary metal industries- __ __
do
428
426
446
420
473
Blast furnaces, steel and rolling mills do ...
820
861
856
851
868
Fabricated metal products
do
964
1,026
1,016
1,025
1,034
Machinery..
_ __
do
963
1,035
1,025
1, 039
Electricarequipment and supplies. _ _ d o
1,019
1,035
1,133
1,122
1.137
1,118
Transportation equipment 9
do
492
573
580
559
557
Motor vehicles and equipment
do
379
380
382
389
378
Aircraft and parts
do
222
227
228
226
228
Instruments and related products
do
306
317
322
315
308
Miscellaneous mfg. industries..
do
5,487
5,431
5,397
5,407
5,491
Nondurable goods industries, unadj _ _ do
5 529
5 541
5 546
Seasonally adjusted
do
1,178
1,191
1,121
1, 176
Food and kindred products. _.
do
1,111
78
79
64
65
Tobacco manufactures
do
66
793
793
797
803
Textile mill nroducts
do ._
796
1,098
1,067
1,080
1,093
Apparel and related products
__do
1, 096
477
470
475
475
483
Paper and allied products
do
596
597
595
Printing, publishing, and allied ind._do
596
597
519
506
520
525
Chemicals and allied products
do
527
126
131
129
130
128
Petroleum refining and related ind. _ .do
102
107
104
105
104
Petroleum refining _.
do
280
301
298
294
304
Rubber and misc. plastic products do
319
319
313
321
318
Leather and leather products
do .__
' Revised.
* Preliminary.
1 Total and components are based on unadjusted data.
t Revised series. Beginning with the Nov. 1961 SURVEY, data for employment, hours,
earnings, and labor turnover have been adjusted to the Mar. 1959 benchmark and have
been converted to the 1957 SIC. Effective Jan. 1959 the data include Alaska and Hawaii.
3. 913
11,652
2, 792
7 783
9,183
12,403
12 551
6, 925
7 024
99
568
313
476
903
399
852
1,020
1,031
1.121
561
384
226
316
5,478
5 527
1, 224
65
786
1,071
476
592
521
130
104
296
316
102
576
323
481
906
398
851
1,015
1, 041
1, 008
441
388
229
331
5,682
5 507
1 304
90
798
1,129
484
596
523
128
103
303
327
222
602
378
5 524
5 449
1 188
1, 680
362
386
' 635
625
637
' 2, 634 ' 2. 734 2, 716
3,915 r 3, 915
3 922
r
l l 765 r l l 764 11 807
r
2, 844 ' 2, 843 2 851
7 930
r 7 937 r 7 Qi5
r
9, 472 ' 9, 475 9 512
r
313
428
915
r
409
844
313
r 314
311
436
931
460
r 952
422
469
964
440
' 846
1.024 r 1 028 '
1,032 ' 1, 024 '
1 159 r 1 158 '
583
394
229
293
5 325
5* 410
1 077
73
766
580
392
230
' 300
r 5 357
5
A K.p.
r I 086
99
792
84
788
82
779
76
767
1, 118
1.113
1,097
1 081
481
480
474
471
473
604
519
120
96
309
319
587
51^
119
95
306
318
579
515
117
95
305
310
576
517
118
96
302
313
'580
r 523
' 118
434
606
520
121
96
311
317
' 1,715
'364
'387
68
769
1 112 r I 128
r 97
-•302
si n
' 858
869
1 034 1 034
1,019
1,027
1 173 1 177
591
392
231
T 302
5 352
231
309
5 350
T £, 4.8^
' 1 090 1 091
r gf5
' 770
r 1 106
r
475
'590
r 532
120
97
303
r 301
65
770
1 102
476
592
co/>
122
304
MfM
The revision affects all series; previously published estimates are not directly comparable
with the revised data. Unpublished revisions (prior to Sept. 1960) on new basis are in BLS
Bulletin No. 1312, available in many public libraries.
9 Includes data for industries not shown separately.
SURVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
19G2 P
Monthly
average
.Tun.
1962
Apr.
May
j June
Aug.
July
1963
i
Sept.
Oct. | Nov.
Dec.
Jan. i Feb.
1
! Mar.
i
!
Apr. i M u v «
;
'
EMPLOYMENT AND POPULATION-Continued
j
EMPLOYMENT— Continued
Miscellaneous employment data:
Federal civilian employees (executive branch^:
United States
thous
2.306
2. 304
231
231 !
2.251
290
2 311
°30
730
2 81. 5
726
80.0
735
738
730
730
704
2 79 -,
80.3
79. 9
79.3
79. 9
78. 1
106.4
105.2
89.9
107.6
113.3
89.7
101.2
112.6
89.7
111.6
113. 2
90.3
114.0
115. 1
92.0
124.8
113.2
88.8
128.5
313.6
92.2
127.0
117.4
92. 0
39.8
40.4
2.4
40.7
40. 5
40.5
40 5
2.8
2.9
40.2
2.8
40.4
40.2
2 8
40.9
40.9
2.3
2.8
40. 4
40 8
2. 7
41.1
41.3
9 7
40.5
40 6
2.8
40.9
2.8
3.1
41.0
40. 7
2 9
Ordnance and accessories
do
Lumber and wood products
do_ _
Furniture and
fixtures
.
do
Stone, clay, and glass products
do
Primary metal industries
_ _ do
Blast furnaces, steel and rolling mills.do
40.8
39. 5
39.9
40.7
39. 5
38.7
41.3
39.7
40.7
40.9
40.1
38.9
41.7
39. 5
40. G
40. 9
40.9
40.4
Fabricated metal products
Machinery
- Electrical equipment and supplies
do
_do
do
40.5
40.9
40.2
41.1
41.7
40.6
Transportation equipment?
M^otor vehicles and equipment
Aircraft and parts
Instruments and related products
Miscellaneous mfg. industries
-do
do
do
do
do
40. 5
40.1
41.4
40.7
39.5
do
d
Railroad employees (class I railroads) :
Total
do
Index, seasonally adjustedcf
1957-59=100--
720
9
977
294
2,284
2.324
2 339
2. 336
235
237
236
r
2,319
i 2 46?
233
1 936
9 997
933
9 30°
934
712
702
79.9
704
f 80. 6
681
" 74. 0
683
P 74.9
686
P80. 2
694 •
123.9
115.7
90.2
111.9
115.3
87.9
96.9
115.0
87.6
90.3
112. 1
85.7
83.3
112.0
85.5
'90.1
- 113.4
- 84.4
104.4 '
- 113. 7
88.3
115.9
40.7
40.5
40.3
40 1
3.0
40.4
40 4
41.0
41 1
30
40.1
40 2
2.5
40.7
40 7
2 6
40.0
40.3
2.5
40.7
41.0
2 6
40.2
40 4
2.6
40 8
41 0
9 7
40.4
40 "
2.9
40.5
40 3
2.9
41.2
41.1
3. 1
39.9
40 3
2.8
-40 6
- 40 8
9 5
41 O1
41 0'
40
40
40
41
41
2 304
°35 i
!
9 314
• >3 5
INDEXES OF WEEKLY PAYROLLS!
Construction (construction workers)! 1957-59=100.Manufacturing (production workers)!
do
Mining (production workers)!--do
HOURS AND EARNINGS!
Average weekly gross hours per worker on payrolls
of nonagricultural estab., unadjusted:!
All manufacturing estab., unadj.!
honrs.Seasonally adjusted
do
Average overtime
do
Durable goods industries
do
Seasonally adjusted
do
r 9 4
41.1
41.1
41.2
41.0
2.8
3.0
40.8
41.0
28
41.4
40.4
40.4
41.5
39.9
38.3
41.3
40.4
41.0
41.5
40. 1
38.0
40.7
40.4
40.3
41.6
39. 4
37.4
40.9
40. 9
41.3
41.8
39.4
37.8
41.2
40.8
41.6
41.6
40.0
38.6
41.2
40.0
41.5
41. 5
39.5
37.7
41.5
39.5
40.9
41.1
39.7
38.0
42.0
39.2
41.2
40.1
40.4
38.9
41 6
39.2
40 1
39.8
40 4
39.3
41.5
39.3
40.2
39.9
40.6
39.5
41 1
-39.3
40 5
40 7
39.8
- 40 6
- 39 6
39 8
- 41 1
- 41 5
41.6
41.1
42. 1
40.6
41.3
42.1
40.7
41.7
42. 1
40. 9
40.9
41.7
40.3
41.3
41.6
40.5
41.5
41.6
41.0
41.3
41.4
40.7
41.1
41 3
40.6
41.2
41.7
40.8
41.0
41.6
40.3
40.8
41.6
40.3
40.8
41. 7
40. 1
- 40. 6
-41 3
-39. 7
41.3
41 7
40 0
42.0
42. 6
41.9
40.9
39.7
41.8
42 4
41.8
41.0
40.0
42.2
43.1
41.6
40.9
39.9
41.9
42. 5
41.6
41.2
39.9
41.9
42 7
41.4
40.8
39.3
41.1
40.9
41.5
41.0
39.7
42.2
43. 1
41.8
40.9
40.1
42.6
43. 5
42. 2
40.9
39.9
42.9
44 3
42 3
41.2
39.6
43.1
44.5
42.3
41.2
39.7
42.0
42 5
42.0
40.6
39.2
41.6
41.9
41.7
40.8
39.5
41.7
42.2
-41.3
40.8
39.6
-41.1
41.4
41.0
- 40. 3
-39. 1
42. 1
39.3
39.7
2 7
41.0
38.5
40.6
36. 3
42.6
39.6
40 2
39.8
40 1
39.5
39 3
2 7
40.9
40.1
40.5
35.9
42.5
39.6
39 4
2 8
41 2
38 9
40 5
36 3
42 5
39.7
39 6
2 7
41.1
40.1
40.5
36.0
42.9
39.2
39 5
9 4
9 5
41.2
37.8
40.6
37.0
42.9
40.0
39 7
2 9
41.8
41.6
40. 2
36. 5
43.0
39.2
39 4
41.1
38. 4
40.9
36. 5
42.4
40.0
39 8
28
42.0
37.2
40. 6
36.6
42.8
39.9
39 4
40 5
38.0
40.7
36. 5
42.3
40.1
40 0
2. 9
41.2
38.4
41. 1
36. 8
42.9
40.5
38.5
39 8
35.5
42 3
40.2
36.3
40.0
36 2
42.3
39.4
39.8
2.6
40.4
- 37. 3
40.3
- 36. 6
42.5
39.0
39. 6
2.4
40. 1
-34.9
-39.9
35. 6
42.0
39.6
39 9
2.5
40.9
39.0
39. 9
35.4
42.5
do
do
do
do
do
do
38.2
41.4
41.2
40. 9
40. 3
37.4
38.3
41.5
41.6
41.2
41.0
37.7
38.4
41.7
41.3
41.0
41.0
37.1
38.4
41.8
41.6
41.2
41.3
37.2
38.3
41.8
42.0
41.4
42. 0
38.3
38. 2
41.5
42.3
41.6
40.9
38.5
3S.4
41.4
41.7
40.8
40.9
38.1
38.6
41.5
42.7
42.0
41.2
37.2
38. 1
41.4
41.7
40.9
40.9
36.2
38.2
41.4
41.6
41.3
40.9
36. 8
38.6
41.7
41.5
41.4
41.2
37.6
37.9
41.3
41.6
41.8
40.7
37.7
38. 1
41.2
40.5
40.7
40.6
37.4
38.4
-41.4
40.7
-40.9
40.7
36. 9
38. 1
42.0
-42.4
42.5
40.2
-35.6
38. 4
41. 7
42.4
do
do
do
do
40.6
41.4
3o. 8
41.8
41.0
41.5
« 36. 9
42.0
41.0
41.7
37. 1
42.0
40.9
42.0
35. 0
41.9
41.3
42.0
37.2
41. 6
40 9
41.3
42.3
41.6
40.7
36. 5
42.3
41.5
41.3
36.3
49 2
41 4
40 9
36. 9
42 0
40.9
41.0
36. 0
42.2
40 9
40 9
38.2
42 6
41 0
40 9
39.0
41 7
40 9
41.0
39.0
41 7
- 40. 5
-41.0
- 36. 7
-41.8
41.3
40.9
38. 1
41.8
Contract construction
Oeneral building contractors
Heavy construction
Special trade contractors
do
do
do
do
36. 9
35. 8
40.3
36.2
37.0
35. 6
40.6
36.3
36.7
35 7
39.3
36.2
38.1
36. 7
42.2
37.2
37.6
36 1
41.4
36.7
38
36
42
37
4
8
7
4
38.8
37.0
43.5
37. 5
38 5
36 7
42. 7
37 6
38
36
42
37
2
6
4
3
36.3
35.2
39.6
35.6
34
33
36
35
8
4
4
1
35.4
34.4
38.1
35.2
34.7
33.7
36.9
34.5
-36.2
-35.2
-39. 1
-35.8
37.4
36.3
41.6
36.5
Transportation and public utilities:
Local and suburban transportation
M~otor freight transporation and storage
Telephone communication
Electric gas and sanitary services
Wholesale and retail trade
Wholesale trade
Retail trade §
do
do
do
do
do
do
do
42.9
41.6
39.4
40.9
38.8
40.5
38.1
42. 5
41.5
40.0
41.0
38.7
40.6
37.9
42 6
39. 2
40 8
38.5
40 6
37.6
42.8
41. 4
39.4
40.8
38.6
40.6
37.7
43.0
41 9
39.7
40.8
38.9
40.7
38.2
42 4
41 9
40.3
41 1
39. 2
40.8
38.5
42.8
42. 1
40.2
41.0
39.2
40.7
38.6
42 1
42 1
40.6
41.3
38.8
40. 7
38.0
42 0
41 5
40. 5
41 1
38. 5
40 6
37.6
42.1
41.2
40.9
41.2
38.4
40.6
37.5
42 2
41 5
39.9
41 5
38.9
40 8
38.2
41.6
40.7
39.5
41. 1
38.5
40.4
37.6
41.7
41.0
39.8
41. 1
38.4
40.3
37.6
-41.8
41.1
-39.6
-40.9
38.4
40.4
37.6
41.8
41.0
39.4
40.9
38.5
40.4
37.7
Laundries cleanin0" and dyein°" Dlants do
39.6
38.8
39.1
38.9
38 9
39.4
39.3
39.9
39.7
39.5
39 6
39.3
39.9
39.1
38.7
39.1
38.8
39.1
38.7
38.7
38 4
38.7
38.5
38.4
38.4
38.2
38.5
38.6
38.5
39.4
Average weekly gross earnings per worker on payroils of nonagricultural establishments:!
All manufacturing establishments!
dollars-- 92. 34
100. 10
Durable goods industries
__do
113.42
Ordnance and accessories
do
77.03
Lumber and wood products
do
96.56
96. 56
105. 22
118.43
77.82
96.80
105. 22
117.16
79.59
97.27
105. 47
116.88
80. 40
96.80
104. 45
115. 18
80. 40
95. 75
103.89
115.34
81. 80
97.68
105. 88
117.01
82.01
96. 72
105. 37
117.01
79.60
97.36
106. 19
118.69
79.00
98.42
105. 11
107. 53
97. 20
106. 23
78.01
97.44
105.82
120.64
76.83
77. 03
- 77. 42
- 78. 41
78. 76
98. 16
123.11
78.38
99.60
118. 50
79. 95
100. 43
119. 10
78. 18
100. 67
116. 62
80. 54
101.57
116. 23
81. 54
101. 50
118. 80
81.34
100. 85
116.92
80.16
100. 28
117.91
81. 58
78.60
78.79
- 79. 19
78.01
79. 19'
97. 11
120. 80
97. 36
99.23 -101.11
103.00
120. 39
122.21
122. 91 - 127. 82
124. 84
104. 39
113. 67
97. 44
105. 73
114.09
97.68
106. 75
114.09
98.16
104. 30
112. 59
96. 72
105. 32
112.32
97. 20
106. 66
112.74
99. 22
105. 73
112. 61
98.49
105. 63
112.75
98.66
106. 30
114. 26
99. 96
105.26
114.82
98.33
105. 67 -104.75
107. 3S.
115.51 -113.58
97.84 - 96. 87
115.09
Nondurable goods industries, unadj
A
c
r
Food and kindred products
Tobacco manufactures. _ Textile mill products
Apparel and related products
Paper and allied products
do __
do
do- -. __ do
do
Printing, publishing, and allied ind
Chemicals and allied products
Petroleum refining and related ind
Petroleum refining
Rubber and misc. plastic products
Leather and leather products _
Nonmanufacturing establishments:!
Mining
Metal mining
Coal minlne;
Crude petroleum and natural gas
Services and miscellaneous:
Furniture and fixtures
Stone clay and °"lass products
Primary metal industries
do
do
do
Fabricated metal products .
Machinery
Electrical equipment and supplies
do
do
do
116.88
78.61
76.21
95. 24
79.37
114.95
119.50
100. 85
107. 16
104. 81
94.47
97. 44
98. 57
112.59
2.8
41 9
113.81 199 22 119.97 121.96 121.09
Transportation equipment 9
do
99.80 100. 94
97.27 100. 21 100. 04
Instruments and related products
do
78.60
78.60
75. 84
78.21
78.80
Miscellaneous mfe. industries
do
a
-1 Revised.
*> Preliminary.
Average for 11 months.
Includes Post Office employees hired for the Christmas
season; there were about 155,000
2
such employees in the United States in Dec, 1962.
Based on unadjusted data.
2.7
41.2
41.0
120.96
97.84
105. 78
113.98
97.93
120.35
r4Q 9
98.09
97.76
106.49 -106.37
119.19 -116.52
n
0
'7'
7
'^
40. 7
39.3
9 6
40. fi
39. B
40. 7
36. 4
42. fs
40.8
36.6
98. 98
107. 42
116.93
80. 00
97. 60
121. 93 119. 19 124. 49 126. 10 128.27 129. 73 124.74 123.55 123. 85 -121.66 125. 4<>
99. 55 100. 04 100. 61 100. 61 101.76 102. 18 100.28 101.59 101. 59 - 99. 54 100. 94
77.42
79. 39
80.19
80.39 - 78. 98
78.60
78.60
80.19
79.58
77.03
78.01
cf Effective with Mar. 1962 SURVEY, index is shown on new base period.
!See corresponding note, bottom p. S-13.
9 Includes data for industries not shown
separately.
§Except eating and drinking places.
SURVEY OF CURRENT BUSINESS
I nless otherwise stated, statistics through I960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
19f>2 P
Monthly
average
S-15
1962
Apr.
May
1
Tune
July
Aug.
1963
Sept.
Oct .
Xov.
Dec.
Jan.
Feb.
86. 24
92. 80
69. 70
68. 00
60. 82
Mar.
Apr.
May »
EMPLOYMENT AND POPULATION— Continued
HOURS AND EARNINGS— Continued
Average world y gross earnings por worker on payrolls of non'agricuHural estab.f— Continued
A l l manufacturing estab.f — Continued
Nondurable "'oods industries
dollars
Food and kindred products
do
Tohieco manufactures
do
Textile
mill
products
do
App 0< rel and related products
do
82.92
89. 16
69. 03
65. 04
57.70
86.15
92. 25
72. 00
68. 21
60. 62
85. 54
91.13
74. 10
68. 38
60.96
86. 80
92. 80
70. 72
67. 54
61.32
85. 72
91. 21
68. 17
68. 45
59. 95
86. 72
93. 52
72. 35
68. 45
60. 62
86.94
94.12
75.39
68.45
60.12
86. 24
93. 15
73. 15
67. 26
59. 64
103.58
107. 34
110.81
129. 44
101.84
65. 84
103. 82
108.29
110.12
126. 35
101. 02
65.53
104. 49
109. 62
110.81
131. 09
101. 76
64. 36
103. 28
107.82
110.95
127. 19
101. 02
G2. 63
103.28
108.49
111.37
127.71
101.84
64.03
104. 68
109. 24
112.17
126.99
103.00
65. 05
86. 37
92. 48
75. 65
69. 1 2
60. 59
87 02
92. 70
76. 03
69. 4(5
61.09
86. 80
93. 66
73, 28
68. 21
60.76
86. 18
91.46
68. 04
68. 21
62. 16
87. 91
94. 60
79. 99
69. 19
60. 42
103. 64
106. 88
111. 10
130. 62
101.34
65. 60
103 21 '104.55 ' 102. 90
108. 20 110. 21 108. 97
110.83 ••111.37 113.40
126. 36 '128. 61 '134.41
100. 69 101. 34 ' 99. 70
65.08
64.58 r 62. 66
105. 22
110.21
113.01
133. 14
101. 59
64. 42
r
r
99. 45
105. 05
106. 81
124. 42
96.72
62. 83
102. 67
108. 01
109. 98
126.88
100. 86
64. 84
101.10
107. 90
108. 84
125. 55
99. 63
63.81
101.34
107. 90
109.52
126. 05
101.19
63. 98
102.96
107. 62
111. 19
127. 68
104. 58
65.88
do
do
do
do
107. 18
113.44
111.34
105. 75
110.70
117.86
113.99
109. 20
110. 70
118.01
116.12
109. 20
109. 61
119.28
108.15
108. 52
111.10
118.86
115.69
107. 74
110.02
116.88
102.30
110. 83
111.90
116. 00
113. 15
109. 56
112. 88
118. 12
113.62
110. 99
111.78
116. 16
114. 39
109. 20
110.43
116.44
111.24
109. 30
112.07
116.57
119. 57
112.04
112.34
116.16
121. 29
110.51
112.88 r 111. 38
117.26 r 11 8. 49
122. 46 ••114.87
110. 51 r 110. 77
113. 16
117.38
119.25
111.19
do
do
do
do
117.71
108. 83
118.48
123. 08
121. 73
112. 50
120. 99
128. 14
120. 01
112. 10
116.33
126. 34
123.44
114.14
124.07
129. 46
121. 45
111.91
122. 13
127. 72
125.57
115. 92
127.67
131. 65
127. 26
116. 92
130. 50
132. 38
128. 21
117.81
129. 38
134. 23
126. 82
117. 12
127. 20
133. 16
120.88
113. 34
117.61
127.45
117.97
108. 55
109. 20
127. 41
120. 01
111.11
113.54
128. 13
117.29 r 121. 99
108. 85 '113. 34
108. 12 '114.95
125. 24 129.60
123. 79
116.16
121.06
130. 67
Transportation and public utilities:
Local and suburban transportation
do
Motor freight transportation and storage-do
Telephone communication
_
do
Electric, gas, and sanitary services
do
98.24
108. 16
93.38
112. 48
100. 30
112.88
98.80
116.85
100. 11
112.06
95. 65
115. 46
100. 58
112.61
96.14
115.46
101. 48
114.39
97. 66
115.87
100.49
114.81
99. 54
117.14
101.01
115.35
99. 29
116.85
100. 20
115. 78
102. 31
118. 94
100. 38
113. 30
102. 06
118. 78
100. 62
113.30
103. 07
119.48
100. 86
114. 54
101. 35
121. 18
99.42
111. 52
99.94
119.60
100. 91
113.98
101.09
120. 01
' 100. 32 100. 74
'114.67 114. 39
99. 68
'100.58
'119.43 119.84
72.94
93. 56
64.01
75. 08
96. 63
66.33
74.31
95. 82
65. 42
74.88
96.22
65.98
75.86
96. 87
66.85
76. 44
97.10
67.38
76.44
96.87
67.55
76. 05
98. 09
66.88
75. 46
97. 03
66.55
75. 65
97. 44
66.38
75.47
98.74
66.85
76. 23
97. 36
67.30
76. 42
97. 93
66.93
76. 62
76. 42
' 98. 58 98.58
67. 48
66.93
69.19
89.83
71.80
93.53
71.62
93.20
71.42
93.25
71. 80
93.21
72. 56
94. 89
71.80
94.35
71.97
93.76
72. 54
94.07
72.72
94.26
73.30
94.60
74.23
95.41
74.03
95. 79
74.23
74. 23
' 95. 81 95. 32
45.54
49.28
46.53
50.57
46.29
50.83
46.77
51.87
47.64
51.35
45. 94
50. 70
45. 89
50.83
46. 05
50.83
47.72
50. 83
47.99
50.70
47. 62
51.08
47.36
50.69
47. 62
50.42
47. 36
50. 95
46. 59
52.40
2.32
2.25
2.49
2.42
2.39
2.31
2.57
2.48
2.39
2.31
2.56
2.48
2.39
2.31
2.56
2.47
2.39
2.31
2.56
2.47
2.39
2.31
2. 56
2.47
2.37
2.29
2.54
2.46
2.40
2.31
2.57
2.48
2.40
2. 32
2.57
2.48
2.41
2.33
2. 59
2.50
2.43
2.35
2.61
2. 52
2.43
2.36
2.60
2.52
2.43
2.36
2.61
2.53
2.44
2.36
2.61
2.53
2.45
2.37
2.62
2.54
Ordnance and accessories
__ _ _ - do
Lumber and wood products
do
Furniture and
fixtures
do
Stone clay and glass products
do
Primary metal industries
„ do. _
Blast furnaces, steel and rolling mills. do
2.78
1.95
1.91
2.34
2.91
3.20
2.83
1.98
1.95
2.41
2.98
3.29
2.84
1.97
1.94
2.40
3.01
3.32
2.83
1.97
1.94
2. 40
2.97
3.27
2.83
1.99
1.95
2.42
2.97
3.28
2.83
1.99
1.94
2.42
2.96
3.28
2.82
2.00
1.95
2.43
2.95
3.26
2.84
2.01
1.96
2.44
2.97
3.28
2.84
1.99
1.96
2.43
2.96
3.27
2.86
2.00
1. 96
2.44
2.97
3.28
2.88
1.99
1.98
2.44
2.98
3.28
2.90
1. 96
1.96
2.44
2.99
3.30
2.90
1.96
1.96
2.44
3.01
3.32
2.90
' 1.97
1.97
2.45
3.02
3.34
' 1. 98
1. 96
2. 46
'3.08
3.44
Fabricated metal products
Machinery
_
__
Electrical enuipment and supplies
Transportation equipment 9
ATotor vehicles and equipment
Aircraft and parts
Instruments and related products
Miscellaneous mfg. industries
do
do
do
do
do
do
do
-do
2.49
2.62
2.35
2.81
2.87
2.78
2.39
1.92
2. 55
2.70
2.40
2.91
2. 99
2.87
2.45
1.97
2.54
2.70
2.40
2.87
2.94
2.84
2.44
1.97
2.56
2.71
2.40
2.89
2.97
2.84
2.44
1.97
2.56
2.71
2.40
2.89
2.95
2.85
2.45
1.97
2. 55
2.70
2.40
2.91
2. 98
2.86
2.44
1.96
2.55
2.70
2.40
2.90
2.97
2.87
2.44
1.95
2.57
2.71
2.42
2.95
3.04
2.88
2.46
1.96
2.56
2.72
2.42
2.96
3.04
2.91
2. 46
1.97
2.57
2.73
2.43
2.99
3.10
2.91
2.47
1.97
2.58
2.74
2.45
3.01
3.11
2.93
2.48
2.02
2.58
2.74
2. 43
2.97
3.05
2.92
2.47
2.03
2.58
2.76
2.44
2.97
3.04
2.92
2.49
2.03
2.44
2.97
3. 05
'2.91
2.49
2.03
do
do
do
do
do
do
do
2.11
2.05
2.18
1.77
1.63
1.63
2.34
2.17
2.10
2.25
1.87
1.68
1.67
2.41
2. 16
2.09
2. 25
1.95
1.68
1.67
2.39
2.17
2.09
2.25
1.97
1.69
1.66
2.39
2.17
2.10
2.25
1.98
1.69
1. 66
2.40
2.17
2.10
2.23
1.97
1. 68
1. 66
2.42
2.16
2.09
2 22
1.80
1.68
1.68
2.42
2.17
2.10
2.22
1.70
1.68
1. 68
2.43
2. 17
2.10
2.23
1.70
1.69
1.67
2.43
2.19
2.11
2.27
1.86
1.69
1.67
2.43
2.19
2.12
2.29
1.88
1.69
1.67
2.44
2.20
2.14
2.30
1.90
1.69
1.68
2.45
2.20
2.13
2.31
1.92
1.70
1. 68
2.44
2.21
2.21
2.15
2. 14
2. 32
2.32
1.98
1.96
1.69
1.70
1.69
1.67
' 2. 46 ' 2. 45
do
do
do
do
do
do
2.75
2.58
3.02
3.16
2.40
1.68
2.82
2.65
3. 05
3.18
2.46
1.72
2.81
2.61
3.04
3.17
2.43
1.72
2.81
2.62
3. 03
3.17
2.45
1.72
2.81
2.66
3.04
3. 18
2. 49
1.72
2.81
2.67
3. 06
3.21
2. 49
1.71
2.82
2.66
3.03
3.17
2.47
1.72
2.84
2.67
3.07
3 22
2.47
1.73
2.83
2.68
3. 05
3. 20
2.47
1.73
2.84
2.69
3.07
3.21
2.49
1.74
2.83
2.69
3.06
3.20
2.50
1.73
2. 82
2.69
3.14
3.29
2.49
1.74
2.84
2.69
3. 12
3.26
2.48
1.74
2.70
2.84
2.68
2.84
3.09
2.59
3.24
3.11
2.94
3.48
2. 69
2.83
3.11
2.59
3.23
3.10
2.95
3.48
2.69
2.83
2.60
3.29
3.16
2.98
3.53
2.70
2.83
3.13
2.60
3.27
3.14
2.96
3.49
2.62
3.27
3,15
2.99
3.52
2.69
2.85
3.10
2.59
3.28
3.16
3.00
3.53
2.72
2.86
3.13
2.63
3.33
3.21
3.03
3.57
2.70
2.84
3.10
2.60
3.32
3.20
3. 00
3.57
2.70
2.84
3.09
2.59
3.33
3.22
2.97
3.58
2.74
2.85
3.13
2. 63
3.39
3.25
3.00
3.63
2.74
2.84
3.11
2.65
3.39
3.23
2.98
3.64
2.76
2. 86
3.14
2.65
3.38
3.23
2.93
3. 63
2.38
Paper and
allied products
- - do
Prin^in 0 " publishing, and allied ind
do
Chemicals and allied products
do
Petroleum refining and related ind
do
Rubber and misc plastic products _ _ _ d o
Leather and leather products _ .
...do
iNTonmanufacturing establishments :f
Mining9
Metal mining
_
Coal mining
Crude petroleum and natural gas
Contract construction
General building contractors
Heavy construction
Special trade contractors
-
Wholesale and retail trade
Wholesale trade
_
Retail trade§
do
do
do
Finance, insurance, and real estate:
Banking
- do
Insurance carriers
do
Services and miscellaneous:
TTotels tourist courts and motels
do
Laundries, cleaning and dyeing plants, .do
Average hourly gross earnings per worker on payrolls of noriagricultural establishments:!
All manufacturing establishments!
dollars..
Excluding overtimed"
do
Durable goods industries
do
Excluding overtimed"do
Nondurable goods industries
Excluding overtimed 1
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and related products
Paper and allied products
-
Printing, publishing, and allied ind
Chemicals and allied products
Petroleum refining and related ind
Petroleum refining
Rubber and misc. plastic products
Leather and leather products
Non manufacturing establishments:!
Mining 9
do
Metal mining
_.do _ _ .
Coal mining
do
Crude petroleum and natural gas
do
Contract construction
do
General building contractors
do
Heavy construction
do
Special trade contractors
_ __ do
2.64
2.74
3.11
2.53
3.19
3.04
2.94
3.40
Transportation and public utilities:
Local and suburban transportation
do. _
Motor freight transportation and storage .do
Telephone communication
_ . _do_ _
Electric, gas and sanitary services
do
2.29
2.60
2.37
2.75
2.36
2 72
2.' 47
2.85
2.35
2.72
2.44
2.83
2.35
2.72
2.44
2.83
2.36
2.73
2.46
2.84
2.37
2.74
2.47
2.85
2.36
2.74
2.47
2.85
2. 52
2.88
2.39
2.73
2.52
2.89
2.39
2.75
2.52
2.90
2 39
2.76
2.54
2.92
2.39
2.74
2. 53
2.91
1.88
2.31
1.68
1.94
2.38
1.75
1.93
2.36
1.74
1.94
2.37
1.75
1.95
2.38
1.75
1.95
2.38
1.75
1.95
2.38
1.75
1.96
2.41
1.76
1.96
2.39
1.77
1.97
2.40
1.77
1.94
2.42
1.75
1.98
2.41
1.79
1.15
1.27
1.19
1.30
1.20
1.19
1.19
1.30
1.30
1.29
Revised.
Preliminary.
° Average for 11 months.
§Exce pt eating? and dri nking
places.
!See corresponding note, bottom p. S-13.
9 Includes iata for Industrie s not
shown separately. d" Derived by assuming that overtime hours are paid at t ie rate o f time
and one-half.
1.16
1.29
1.15
1.30
1.19
1.30
1.23
1.30
1.24
1.31
1.24
1.32
1.23
1.32
Wholesale and retail trade
_
do
Wholesale trade
do
Retail trade§
do
Services and miscellaneous:
Hotels, tourist courts, and motels
do
Laundries, cleaning and dyeing plants.. do
r
87.07
93. 73
73. 11
68.51
61. 85
86. 19
93. 03
' 69. 10
67. 43
59. 45
r
p
« 3. 11
2.59
' 2. 58
' 2. 75
2.44
2.96
3.03
2.90
'2.47
2.02
2.86
2.70
'3. 17
' 3. 30 3.34
'2.48
2.49
1.76
1. 75
2.87
2.69
r 3. 16
3 99
2 94
' 3. 62
2.74
2.87
3. 13
2. 66
3.31
3.20
2.91
3. 58
2.42
2.78
2.54
2.92
'2.40
' 2. 79
' 2. 54
2. 92
2.41
2.79
2.53
2.93
1.99
2.43
1.78
1.99
'2.44
1. 78
1.99
2.44
1.79
2.75
'2.89
3.13
' 2. 65
r 3. 37
r
2.45
2.37
2. 62
2. 54
2.88
2.00
1.97
2.47
3.03
2.60
2. 76
2.44
2. 98
2.48
2. 02
9 99
2. 14
2. 33
2. 02
1.70
1. 66
2.47
2. 71
3. 14
2.49
1. 76
1.24
1 93
1 ?1
1.32
1.32
1.33
NO TE FO R HE I,P-WANrTED A,DVER rriSINQ INDE X, p. S -16. Ne w series
from Nationa Industi ml Con) erence Lloard an d B. K. D&V2S d Bro. A dvertisiiu 1 Service.
The i ndex is b ased on : he numi )er of hel p-wantec\ ads pur lished in one leac ing new spaper in
each c5f 33 citic s locatec througl lout the country, represen ting the larger m etropolit an areas.
SURVEY OF CURRENT BUSINESS
S-16
1961
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1962
June
1963
1962
Monthly
average
Apr.
May
July
June
Aug.
Sept.
Oct.
Nov.
Mar.
Dec.
Jan.
Feb.
2. 992
3.011
3.011
4. 452
Apr.
May
3.016
3. 060
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Miscellaneous wages:
Construction wages (ENR): §
Common labor
$ per hr._
Skilled labor
do
Farm without board or rm 1st of mo
do
Railroad wages (average class I)
do
Road-building com labor (qtrly )
do
LABOR CONDITIONS
Help-wanted advertising seas adj ®
1957 — 100
Labor turnover in manufacturing estab.: f
Accession rate, total mo rate per 100 employees _
Seasonally adjusted*
do
New hires
do
Separation rate total
do
Seasonally adjusted*
do
Quit
do
Lavoff
do
Industrial disputes (strikes and lockouts) :
Beginning in month:
Work stoppages
number
Workers involved _
thous_
In effect during month:
Work stoppages
number
Workers involved
thous
Man-days idle during month
do ___
EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
N"onfarm placements
thous
Unemployment insurance programs:
Insured unemployment, all programs
do
State programs:
Initial claims
do
Insured unemployment, weekly avg do
Percent of covered employment:^
Unadjusted
Seasonally adjusted
Beneficiaries, weekly average
thoiis..
Benefits paid
mil $
Federal employees, insured unemployment
thous
2.827 'r 2. 946 2.901 'r 2. 939 rr 2. 947
4. 190
i .99
2. 675
i 2 14
4. 348
i 1.01
2
12.31
2 665
85 9
100.1
106 1
106 0
98 5
4.1
4.0
2.2
4.0
2.5
4.1
4.3
4.3
1.2
2.2
1.4
2.0
4.0
4.4
2 4
3.6
3 7
1.3
1.6
3.8
4 1
1.5
1.6
5.0
3 9
3 4
3.8
4 3
1.5
1.6
281
121
v 296
P 104
320
125
440
195
410
155
1, 360
460
155
1, 240
625
240
2, 650
650
300
» 1,600
492
560
577
656
2, 481 21,924
2
4. 323
2. 963
4 364
1 06
2. 981
r
4.426
4.447
2 29
2.18
97 9
97 0
9° 8
96.8
95 9
95 2
97 5
plOO 5
4.5
51
4 0
3 2
4 g
21
2.3
4.9
3 8
3 1
50
4 1
2 4
1.9
3.9
4.0
2.5
4.3
3.8
1.5
2 2
3.0
3 6
18
4 0
39
1 l
2.3
2.4
3.5
1.2
3.8
3.9
.8
2.5
3.6
3.9
1 9
3.9
39
1.1
2.2
3.3
3.9
1 8
3.2
3 7
1.0
1.6
-3.5
M.I
2.0
'3. 5
'3.7
1.2
1.6
350
90
335
120
350
95
275
110
215
80
105
50
230
75
200
60
225
45
350
100
575
189
2, 040
570
186
1, 950
580
170
1, 590
500
168
1.440
430
125
1,000
265
150
1,400
2,340
360
185
320
120
1,100
350
90
1,110
1,050
533
434
459
2 2)777
642
580
2
2.39
643
652
2
2
2
1,772
1 197
1.469
956
1,331
1. 267
1,385
1 353
1,625
1, 747
2, 063
2 10?
2, 591
2,546
3 8
4 3
3 6
4 4
187 0
197 4
3.3
4 4
1.174
160 6
3.4
4.6
1.132
176. 6
40
48
1. 296
193 6
5.1
4 8
1,502
214 2
6 3
4 8
2,174
342 4
26
26
25
27
29
31
40
39
5.4
30
46
40
5.7
39
07
52
50
6. 5
31
52
47
7.0
29
57
46
6 9
31
65
56
7.3
7
44
7.8
65
52
7.3
22
50
10.1
32
65
10.1
16
60
11. 1
16
61
10.4
2 277
6, 576
2.119
4. 457
2 281
6. 577
2,228
4,349
2, 367
6, 986
2,417
4. 569
2 476
7, 091
2,501
2.088
1 133
1,570
1,083
1, 469
5. 6
4.4
2,004
285. 2
1,525
223 0
4.5
3.9
1,688
239.6
3.9
3 8
1,389
215 0
3.6
4.0
1,311
188. 9
33
29
29
26
24
28
67
65
9.0
28
50
47
6.6
25
45
45
6.0
40
39
5.7
23
91
16.8
17
62
11.1
4
64
11.8
4
52
9.1
1,577
1,666
"!,264
1, 598
1, 473
1, 524
2,725
4.480
p 98.5 p 100.2
423
2
1 395
1 543
21,686
4.454
1. 11
22,220
1, 968
3.014
4. 454
1 13
2.736
4 I
2
2.992
4.423
2 786
2 9
4 4
4 6
14
2.2
605
2
4.417
.95
2.729
2.746
2.880
2.987
2.981
4 408
4.393
2 33
1, 147
1,831
2,290
r
T
2.719
1,309
1,783
1, 516
Veterans' program (UCX):
Initial claims
do
Insured unemployment, weekly avg__.do
Beneficiaries, weekly average
_
-do
Benefits paid
mil. $
Railroad program:
Applications
thous. _
Insured unemployment, weekly ave:__-do
Benefits paid
mil. $
4. 329
4. 283
1 07
2. 688
2 25
P 3. 7
P 4. 1
P 2 2
P
P
p
p
475
130
581
496
2
2, 461
3.4
3. 5
1.3
1.5
2
2, 055
1 308
1 127
2, 298
1,216
1,918
2,256
6.2
4 7
313 3
5.6
4 4
2, 165
316 4
4. 7
4 1
1.800
274 8
37
38
35
31
39
73
11 1
27
77
77
10.0
°5
71
79
9.9
?3
58
61
12
61
10. 4
19
73
13.7
7
64
10.9
5
57
11.0
48
2 650
6. 000
'? 593
6, 790
2,091
4, 699
2 565
6, 996
2, 193
4,803
2 589
7,076
2, 260
4,816
2 658
7, 359
2.204
5, 155
8 8
FINANCE
BANKING
Open market paper outstanding, end of mo.:
Bankers' acceptances
mil. $
Commercial and finance co. paper, totalt -do
Placed through dealersj
do
Placed directly (finance paper)}
do
Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adm. :
Total end of mo
mil $
Farm mortgage loans:
Federal land banks _
_.
do
Loans to cooperatives
do
Other loans and discounts
do
Bank debits:
Unadjusted:
Total (344 centers)
..
bil. $_
New York City
do
6 other leading centers1!
do
Seasonally adjusted:*
Total (344 centers)
do
New York City
..
.do
6 other leading centers!
do
337 other centers
-do -
3 2, 683 3 2, 050
3 4, 686 33 6, 000
1,711 3 2, 088
3
2, 975
3, 912
3
3
2, 342
5. 865
1.878
3, 987
2 306
6. 170
2, 002
4. 168
3,912
5, 753
5, 594
5,678
5,770
5, 841
5. 833
5 814
5,762
5 719
5 753
5 835
5 926
6 024
6 143
2,922
2,948
2, 968
692
2,109
2,986
3,003
680
2, 150
3,021
690
2.103
3,031
738
1,993
3,037
3, 052
735
1,966
3,069
1.989
777
3,089
775
2,062
3,118
761
2.146
3 147
745
2 ?51
286.4
281.5
117.2
58.0
295.4
122. 1
59.8
291.8
121.9
59.4
279 7
111.4
57.5
281.0
110 8
57. 5
263. 3
109 7
53.4
307. 4
127 5
62.8
288.2
116 5
59.4
320 9
141 6
63.7
325 9
137 2
66.3
274 5
116 6
55 2
306 7
133 0
62.5
308
0
196 99
64
288.5
287.0
282.4
285.7
283 9
115.8
57 4
110.7
286 6
120.9
58 1
107.6
297 9
124.5
61 0
112 4
296 4
122.2
61 1
113.1
306 4
134.2
60 9
111.3
307 1
128.1
62 8
116.3
301
127
61
112
259. 3
106.6
51.9
118.0
58.5
719
1,953
118.1
59.1
111.3
694
2,037
119.1
57.6
110.3
52,739 52, 654
331,362 333, 902 30,641
115.7
57.9
108.8
704
2.150
114.4
59.0
112.2
746
1,936
5 * 303 5
7
128 9
61 6
2
112 9
7
308
195
63
199
4
0
9
6
53, 396
52, 908
52, 879
53, 596
53, 912
53, 940
56, 020
53, 872
54,614
53, 935
54, 612
54.207
31,261
31,040
76
29, 663
15,871
101
30 358
15. 817
31, 690
48
29 825
15, 796
31, 625
219
30 ?01
15, 692
32, 448
71
30 454
15, 706
33,902
16,158
73
29 786
31,618
38
30 820
15, 696
31,959
87
30 289
15. 660
32, 608
209
30 586
15,595
32, 585
201
30 963
15, 606
32, 825
153
31 182
15, 595
32,808
208
31 254
15. 524
528,881 330,820
3
29,182
16, 222
.do
354,329 356.020
52, 739
52, 654
53, 396
52, 908
52 879
53 596
53 912
53 940
56 020
53 872
54 614
53 935
54 612
54 207
do
do
do
318,451 33 18, 722
317,387 17, 454
329,305 330,643
18 207
17, 739
28, 537
28, 744
18 445
1 7, 206
29, 021
17 878
16 885
29, 197
18 067
17 110
29, 351
18 268
17 321
29., 378
17 825
16' 8?1
29, 488
17 741
16 648
30, 092
18 722
17 454
30, 643
17 989
16 644
29, 846
18 205
16 850
29, 868
18 046
16 748
29, 934
18 222
16 904
30, 010
17 573
16 574
30, 303
3130
338
* 16, 615
15, 696
120
17,035
16,614
Ratio of gold certificate reserves to deposit and
34.8
34.7
34.0
FR note liabilities combined
percent.. 334.8 331.8
r
Revised.
P Preliminary.
* Quarterly average.
2
Excludes persons under Temporary Extended Compensation program (ended 6/30/62)
and ander extended duration provisions (thous.): 1962—Apr., 230 and 18, respectively; May,
121; b3; June, 53, 37; July, 2; 32; Aug. (ext. dur. prov.), 30; Sent., 24; Oct., 15; Nov., 8; Dec., 3;
1963—Jan., 1; Feb., 2; Mar., 4; Apr., 34.
3 End of year.
© See note, bottom p. S-15.
f See corresponding note, bottom p. S-13.
§Wages as of June 1,1963: Common labor, $3.072; skilled labor, $4.487.
4,590
30. 705
131
29, 622
16, 158
Reserve bank credit outstanding, total 9 -do
Discounts and advances
__
-do
U.S. Government securities do
Gold certificate reserves
do
Deposits total 9
Member-bank reserve balances
Federal Reserve notes in circulation
3.758
2, 345
5,919
1. 8(59
4. 050
3 2, 828 3 3, 052
3 697
3735
3
1,752 3 1,966
3 5, 277
Federal Reserve banks, condition, end of mo.:
3
Assets, total 9
mil. $._ 54,329 356,020
Liabilities, total 9
2. 392
5. 641
1, 883
33.7
33.4
33.2
32.8
33.2
31.8
32.7
32.4
32.5
32.3
32.4
*New series. Data prior to 1961 for labor turnover appear in BLS Bulletin No 1312data prior to 1961 for bank debits will be shown later.
'
'
cflnsured unemployment as % of average covered employment in a 12-month period.
tMonthly revisions prior to May 1961 (Aug. 1959-July 1960 for placed through dealers)
are available upon request.
^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
9 Includes data not shown separately.
SUEVEY OF CUERENT BUSINESS
June 1063
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
1962
S-17
1962
End of year
Apr.
May
June
July
Aug.
1963
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FINANCE—Continued
BANKING— Continued
All member banks of Federal Reserve System,
averages of daily figures:
Fxcess reserves
mil. $
Borrowings from Federal Reserve banks
do
Free reserves do
Weekly reporting member banks of Fed. Res. System,
condition, Wed. nearest end of y r - or mo.:t
Deposits:
Demand, total 9
do
Individuals partnerships, and corp
do
States and political subdivisions
do
U S Government
do
Domestic commercial banks
do
Time total 9
- do
Individuals, partnerships, and corp.:
Savings
do
Other time
do
I o*\ns (adjusted) totalcT
do
Commercial and industrial
- - do
For purchasing or carrying securities
do
To norbank financial institutions
do -_
Real estate loans
do
Investments, total
do
U.S. Government obligations, total
do
Votes and bonds
_ _ _ _ _do
i 568
i 149
i 419
i 572
i 304
i 268
510
69
441
503
63
440
491
100
391
529
89
440
566
127
439
455
80
375
484
65
419
592
119
473
572
304
268
65, 644
97, 958
70,118
65, 843
02, 109
71, 531
5, 125
4,749
14, 321
63,071
93, 061
65, 458
5, 771
4,744
11,297
45, 670
(51,621
89, 297
63 705
5, 404
5, 028
10, 357
46, 484
61,472
91,391
64, 022
4, 829
6, 594
10, 672
47. 077
62, 451
60, 638
91,527
65, 116
5, 1 29
4,369
1 1, 301
47, 242
87, 901
62, 583
4, 622
4,917
10, 920
60,744
92,845
64,085
4,631
7, 022
12,121
48,225
63, 025
94, 512
66, 996
5,017
4,283
12, 030
63. 007
91, 839
65, 916
4,938
3, 634
12. 030
65, 843
02, 109
71.531
5, 125
4, 749
14, 321
48. 658
49, 023
31, 776
7,860
75. 930
32, 937
5, 449
5, 760
13, 874
21 4'>'>
45, 979
32. 069
25. 825
13 910
32, 116 32, 539
8,511
8,322
74 647 75 902
32, 854 33, 354
3. 958
4, 109
6, 039
5, 636
14,068 14.268
21 390 21 543
46,013 46, 904
32, 256 32,418
26, 1 73 26, 206
13 757 14 486
33,114
8,251
75 732
33. 146
3, 674
6. 259
14.525
21 , 754
46, 582
31,638
25, 980
14 914
33, 404
8.428
75 975
33. 442
3. 604
6, 104
14, 696
21 894
46. 093
31.075
25, 274
15 018
33,921
8, 566
77 796
34,081
4, 145
6, 279
14,940
'M 893
34, 246
8 688
78 765
34, 290
4, 764
6, 144
15,203
21 981
47. 171
31,995
25, 583
15 176
46. 768
31,432
25,317
15 336
34, 459
8, 590
78 861
34, 680
4. 154
6, 085
15,399
21 793
46,611
31,124
24, 994
15 487
220. 3
126.6
66. 6
27. 1
217. 8
126. 1
64.1
27.6
220 3
127 3
65. 0
28 0
222 0
129.7
64.3
28.0
224.4
'•131.6
-64.2
98 6
5,002
4,033
13,415
41,603
34, 920
9,221
74, 285
32, 797
4, 705
6,159
13,403
21,194
46, Of 59
33, 960
26, 609
12, 109
82,947
35, 351
5, 928
7, 365
15, 519
22, 812
48, 147
32, 369
24, 514
15 778
Commercial bank credit (last Wed. of mo., except
for June 30 and Dec. 31 call dates) , seas, adjusted:*
Total loans and investments©
- - bil. $ _
Loans Q
do
U.S. Government securities
do
Other securities
do
209. 6
121.1
64.7
23.8
Money and interest rates:§
Bank rates on business loans:
In T19 cities
\ ew York City
7 other northern and eastern cities
11 southern and western cities
24.97
2 4. 7(5
2 4. 98
2
5. 28
percent
do
do
do
Discount rate, end of year or month (N.Y.F.R.
Bank)
percent..
Federal intermediate credit bank loans
do
Federal land bank loans
do _
Open market rates, New York City:
Bankers' acceptances (prime, 90 days) — do
Commercial paper (prime, 4-6 months). .do
Finance Co. paper placed directly, 3-6 nm._ do
Stock Exchange call loans, going rate
do
3
3
Savings deposits, balance to credit of depositors:
X.Y. State savings banks, end of yr. or mo-.mil. $-- 22 357
651
U S postal savings 1
do
CONSUMER CREDIT t
(Short- and Intermediate- term)
Total outstanding, end of year or month
mil.$-_ 57,678
-
By type of holder:
Financial institutions total
Commercial banks
Sales finance companies
Credit unions
Consumer finance companies
Other
Retail outlets total
Department stores
Furniture stores
Automobile dealers
Other
228. 1
' 134. 7
r
64. 3
r
29. 1
2 5.
24.
2 5.
2 5.
215.0
124.5
64.6
25.9
216. 4
124.8
65. 5
26. 1
47, 729
5.01
4. 79
5. 00
5. 33
00
78
01
32
472
172
300
426
155
271
434
121
-•313
64 495
62 654
61 811
63 699
61 212
90, 700
65, 005
4 772
3, 684
12 072
50, 386
91, 562
65, 834
5 329
4,254
11 078
52, 150
53 418
95,172
67, 004
5 993
4, 957
11 414
53 751
90, 289
64, 274
5 399
4, 581
10 753
54 506
34, 920
9,221
82 947
35, 351
5, 928
7. 365
15,519
22 812
35, 143
9 542
79 457
34, 295
4, 550
6,434
15, 626
22 361
35, 426
9 928
80 679
34, 564
5, 332
6, 51 1
15, 768
22 614
35 956
10 447
81 130
35,256
4,677
6,637
15, 944
22 467
35 822
10 679
89 961
35 322
5, 644
6 705
16,237
93 115
36 021
11 175
82 321
35, 097
4,949
6, 580
16, 530
22 840
48,
32,
24,
15
47, 934
31. 986
24, 423
15 948
47, 672
31,446
94 092
16 226
47, 685
30, 857
24, 383
16 828
47, 929
30, 689
24,311
17 940
47, 554
29, 957
24, 047
17 597
' 228. 9
r
r
232 3
136,8
r 65. 4
30. 1
r 235 0
r
137 8
232. 6
137 4
64.0
31 2
234. 8
138 8
64.1
31 9
3. 00
4 09
5. 50
3.00
147
369
514
778
225. 9 r 228. 1
r 132.2 r 134.7
' 64. 6 T 64. 3
»• 29. 1
29.1
r 134.
r
7
64. 6
29. 6
5 02
4.78
5.05
5.33
30 5
5
4
4
5
00
80
98
30
3. 00
4.02
5.56
3.00
4. 01
5. 56
3. 00
4. 02
5. 56
3. 00
4. 05
5. 56
3. 00
4.07
5. 56
3.00
4. 10
5.56
3.00
4.14
5.56
3.00
4.15
5. 56
3. 00
4. 14
5.52
3. 00
4.13
5. 50
3. 00
4. 12
5.50
3. 00
4 08
5. 50
33.01
3. 2(5
33.07
3
4. 50
3.00
3.20
3. 09
4. 50
2.91
3.16
2. 95
4.50
2. 90
3. 25
3. 02
4. 50
3.07
3. 36
3. 20
4. 50
3.11
3.30
3.12
4.50
3.09
3.34
3.13
4.50
3.03
3.27
3.04
4.50
3.00
3.23
3.08
4.50
3. 00
3. 29
3. 16
4. 50
3. 07
3. 34
3. 18
4. 50
3.13
3.25
3.13
4.50
3. 13
3. H4
3. 1 r>
4. 50
3.13
3.32
3.17
4.50
3. 13
3. 25
3. 15
4. 50
2. 778
3 57
2. 735
3 48
2. 694
3 53
2. 719
3. 51
2.945
3 71
2. 837
3 57
2.792
3 56
2. 751
3 46
2.803
3 46
2. 856
3 44
2. 914
3 47
2.916
3 48
2. 897
3 r,Q
2.909
3 56
2. 920
3 57
23,917
539
22, 570
600
22, 659
591
22. 931
581
22. 972
573
23,087
565
23, 376
558
23, 440
552
23, 601
545
23, 917
539
23. 993 « 24. 103
522
531
24, 436
515
24,360
499
24, 489
493
3
3
3
c
63. 458
57, 314
58,318
59, 108
59, 364
60, 003
60, 126
60, 626
61,473
63, 458
62, 740
62, 219
62, 276
63. 267
do
43, 527
48, 243
43, 837
44, 495
45, 208
45, 650
46, 204
46,310
46, 722
47, 274
48, 243
48,130
48, 025
48, 190
48. 873
do
do
do
do
17, 223
11,857
3, 191
11,256
19,384
12 855
3, 290
12, 714
17,671
11 498
3,128
11, 540
18 032
11 598
3,169
11 696
18,410
11 726
3,200
11, 872
18,680
11 754
3,226
11, 990
18 933
11 824
3,260
12, 187
18 881
11 861
3, 277
12, 291
19 083
11 986
3,289
12, 364
19 307
12 186
3.302
12, 479
19, 384
12,855
3.290
12,714
19 496
12 719
3, 250
12, 735
19 503
12 fill
3,221
12 790
19 790
12 396
3, 210
12 864
20 121
12 455
3,229
13 068
37, 935
do _
17, 008
do
do .__ 11,273
4,330
do __
3,799
do
1 525
do
41, 807
18, 909
12, 194
4 973
4, 131
1 600
38 497
17, 366
11,359
4 426
3, 826
1 590
39 032
17, 686
11,440
4 520
3 836
1 550
39 639
18, 024
11,570
4 616
3 876
1 553
40 062
IS, 235
11, 682
4 681
3, 907
1 557
40 537
18, 427
11, 796
4 783
3 948
40 597
18, 443
11, 787
4 814
3 969
1 584
40 896
18,613
11,860
4 874
3,974
1 575
41 285
18, 765
11,986
4 928
4,009
1 597
41,807
18, 909
12, 194
4,973
4, 131
1 600
42 317
18, 981
12, 681
4 939
4, 1349
1 58
49 280
19, 057
12, 550
4 952
4 138
1 5^3
42 421
19, 203
12, 483
5 007
4 139
1 589
42 980
19, 581
12, 527
4 174
5, 117
1 581
5, 595
2,421
1,058
342
1,774
6 436
3, 013
1 073
284
2,066
5 340
2,339
991
39Q
1 690
5 463
2 430
991
310
1 732
5 569
2, 522
988
302
1 757
5 588
2 545
989
298
1 756
5 667
2 609
999
296
1 763
5 713
2 675
998
299
1 741
5 826
2 737
1 002
298
1 789
5 989
2,835
1 019
292
1 843
6 436
3,013
1,073
284
2,066
5 813
2,478
1,049
272
2,014
5 745
2 506
1 027
259
1 953
5 769
2 581
1 002
277
1 909
5 893
2. 702
992
270
1 929
do
_do-_
-do
do
. .- .- .- do ..
14, 151
15 215
13 477
13 823
13 900
13 714
13 799
13 816
13 904
14 199
15 215
14 610
14 ^94
14 086
14 394
do
do
do
5,136
4 413
723
5, 579
4 704
875
5, 241
4 544
697
5, 400
4 614
786
5, 428
4 671
757
5,402
4 662
740
5,469
4 657
812
5, 481
4 666
815
5,442
4 662
780
5, 526
4 680
846
5,579
4 704
875
5,511
4 680
831
5, 545
4 704
841
5,593
4 713
880
5, 596
4 774
822
do...
do
do _
do
5,324
948
3 907
469
5, 642
927
4 203
512
4. 319
620
3 249
450
4, 544
636
3 444
464
4, 596
612
3 505
479
4, 457
569
3 388
500
4 491
570
3 394
527
4 495
614
3 353
528
4 663
638
3 507
518
4,825
688
3 629
508
5, 642
927
4 203
512
5, 058
775
3 759
594
4, 496
646
3 324
526
4,340
587
3 951
502
4,567
603
3 46(
498
_do__.
3.691 3.994
3.876
3.917
3.879
Revised.
« Corrected. 2
3
Average for Dec.
Quarterly average.
Monthly average.
t Revised to reflect new coverage and revised classification of deposits (for details, see the
June and July 1961 issues of Federal Reserve Bulletin).
cf For demand deposits, the term "adjusted" denotes demand deposits other than domestic commercial interbank and U.S. Government, less cash items in process of collection;
(or loans, exclusive of loans to domestic commercial banks and after deduction of valuation
Digitized
FRASERloan items are shown gross; i.e., before deduction of valuation reserves).
reservesfor(individual
3.855
3.839
3.840
3.799
3. 848
3.994
4.041
4. 153
4. 153
4.231
Non installment credit, total
--
--
Single-payment loans, total
Commercial banks
Other financial institutions
Charge accounts, total
Department stores
Other retail outlets
Credit cards
_
-
_ .
Service credit
r
1
-- do _
459
209
250
90, 720
66, 791
5 054
2, 760
11 010
51, 302
T
4 99
4.77
5 00
5.32
r
3.00
3 4. 05
3 5 56
32.81
* 2. 97
3 2. 68
3 4. 50
3 3. 60
\utomobile paper
Other consumer goods paper
Repair and modernization loans
Personal loans
r
3.00
4. 00
5. 62
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
percent-- 3 2. 378
In^tallment credit, total
50, 386
30, 225
5, 945
483
99
384
9 Includes data not shown separately.
* New series; description and data prior to
Sept. 1961 appear in the July 1962 Federal Reserve Bulletin.
O Adjusted to exclude interbank loans.
§ For bond yields, see p. S-20.
^Data are as of end of consecutive 4-week periods ending in month indicated, except
June figure which is as of June 30 (end of fiscal year).
J Revised back to 1955 to incorporate
new benchmark data; available revisions for periods not shown here appear in the Dec. 1962
Federal Reserve Bulletin.
SURVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
1962
Monthly
average
.Till 1
1962
Apr.
May
June
July
Aug.
1963
Sept.
Oct.
Nov.
Dec.
Jan,
Feb.
Mar.
Apr.
May
FINANCE—Continued
CONSUMER CREDITt— Continued
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
\utomobile paper
All other
Repaid total
Automobile paper
Other consumer goods paper
All other
mil $
do
do
do
do
do
do
__do_ ._
4,033
1. 334
1.215
1,484
3. 975
1,373
1, 187
1,415
4. 616
1 , 626
1.344
1, 646
4. 223
1 . 446
1, 261
1. 516
do
do
do
do
do
do
do
4, 737
1.732
1,319
1,686
4.111
1,409
1,228
1,474
, 950
.837
. 383
.730
292
.476
,283
. 533
4, 923
1.810
1 . 384
1,729
4,210
1.432
1 256
1,522
4. 720
1.751
1,290
1,679
4, 278
1,481
1 , 262
1,535
4 802
, 731
,345
.780
,308
,478
,275
, 555
4,098
1,309
1 255
1,534
3, 992
l] 301
1,218
1,413
4,913
1,810
1.432
1,665
4, 501
1,614
1 , 307
1.580
4, 932
1,701
1,499
1,732
4,380
1,477
1,299
1. 604
5. 379
1.539
1,937
1.903
4,410
1,402
1,20S
l.OM)
4, 308
1.570
1 . 230
1,508
4.481
1 . 528
1. 300
1.587
4.033
1. 477
1,054
1, 502
4, 138
1, 400
1. 262
1.476
4. 675
1,754
1.247
1.674
4.510
1, 537
1,302
1.011
5, 279
2,001
1, 381
1, 897
4, 590
1. 000
1,322
1.674
4, 659
1.675
1 345
1, 639
4,166
1 , 43,"
1.247
1.484
, 650
. 055
338
. 657
,211
.447
260
.504
4. 623
1,621
1 344
1.658
4,202
1,433
1 260
1,509
4, 669
1,631
1,368
1,070
4,283
1.456
1 296
1,531
,019
, 002
.325
.692
.201
, 446
°81
.534
4.491
1.505
1.308
1,078
4.289
1,440
1 298
1, 551
4, 682
1 , 685
1 , 335
1,662
4,298
1,491
1 261
1,546
4 961
1,797
1,425
1,739
4, 380
1, 490
1 302
4 8">9
1.<M
1, 109
1,070
4.371
1. M3
1 293
1. 505
4 878
1.743
1,421
1.714
4, 370
1 . 504
1 294
1,578
4 885
1.734
1,406
1,745
4 4^9
1, 517
1 307
1, 625
4. 940
1.782
1.408
1.750
4. 540
1 . 550
1.355
1.035
5 020
1.804
1.382
1. 774
4, 490
1, 570
1, 294
1, 020
7, 060
9. 074
-2,014
10,850
9, 160
1 , 690
13.077
4, 567
9 O'M
9,314
3^453 -4,747
10.328
10.577
-249
9. 548
6, 285
9. 430
8, 830
112 -2. 544
10, 352
8, 770
1. 576
1,588
FEDERAL GOVERNMENT FINANCE
Net cash transactions with the public :cf*
Receipts from
mil. $
Pavmcnts to
- -- do
Excess of receipts, or payments (— )
do
Seasonally adjusted quarterly totals:
ceipi.
_
Excess of receipts, or payments (— )
Budget receipts and expenditures:
Receipt^ total
Receipts, netf
Customs
Individual income taxes
Employment taxes
Other internal revenue and receipts
Expenditures total^f
Interest on public debt
Veterans' services and benefits
National defense
All other expenditures
Public debt and guaranteed obligations:
Gross debt (direct) end of mo , total
8, 101
8,728
— 567
8,852
9, 329
do
- do
do
do
do
do.__
do
do
do
do
do
bil $
8, 333
6, 513
88
3, 933
i 7 no
1,039
1,508
7, 039
739
445
4,013
1,895
8, 983
7, 059
103
4, 340
1 821
1, 108
1, 612
7, 659
796
442
4, 425
2, 052
8, 153
5, 754
99
5, 348
445
745
1,516
7. 289
438
4,315
1,706
10,658 13,346
7, 024 11,015
100
104
5,010
6, 243
169
5 377
9 t 266
1 . 054
1 ! 576 1, 806
7 ^°Q
8,102
821
398
433
5, 034
4. 785
2, 061
1,241
9,289
10, 021
—732
27,300
28,100
-700
26 500
27,000
-500
do
11,140
4, 150
8, 039 10, 149
2, 501 -5,998
4, 540
3, 566
103
1,497
450
1. 965
' ' 828
442
3, 954
2, 107
9. 445
7, 089
107
5. 407
431
1 . 786
1 . 054
8,541
794
492
4, 448
2. 852
11.414
10, 053
102
5. 072
3. 533
902
1. 745
807
401
4, 038
2, 081
27 400
28, 300
900
27 100
29,200
—2, 100
4. 008
3, 030
120
1, 391
400
551
1, 547
8, 524
814
440
4,010
2, 072
7. 251
11,548
8, 997
9. 728
2, 552 -2,470
8, 533
7. 027
114
5. 312
'412
1, 208
1,488
8,070
808
443
4, 558
2, 268
9. 553
8, 300
94
3, 537
3. 450
052
1 , 820
7. 572
840
445
4. 348
2.138
6, 285
5. 533
80
3. 636
517
429
1 , 623
8,013
858
486
4, 547
2,215
10, 997
7,' 305
103
6, 206
' 422
2, 590
1 , 671
6, 763
809
445
4.102
1,432
13,093
9, 663
107
3,927
0, 081
1,428
1. 550
7,800
825
405
4, 523
2,050
8. 544
5. 735
110
5. 344
551
940
1.598
7 590
823
307
4. 522
1,880
i 296. 17 1- 303. 47
296. 95
299. 17
298. 20
297. 88
301.84
299. 50
302. 07
305. 39
303. 47
303. 42
304. 64
302. 99
303. 17
305. 20
i 292. 69
1249.17
i 10. 89
i 43. 52
13.48
293. 36
251.24
11.47
42.12
3.59
295. 52
251 . 23
11.46
44. 29
3. 66
294. 44
249. 50
11.36
44. 94
3.76
293. 92
250.12
11. 58
43. 80
3. 96
297. 90
252. 48
11.47
45. 43
3.94
295. 57
251. 01
11.71
44. 50
3.93
298.14
254. 20
12.01
43.89
3. 92
301.38
257. 22
13. 59
44.16
4.01
299. 21
255. 78
11.99
43. 43
4.26
299. 33
257. 14
12.19
42.19
4. 08
300. 57
258. 08
12.40
42.49
4.07
298. 98
2oo! 77
12.77
42.20
4.02
299. 19
257. 58
12. 50
41.00
3.98
301. 19
257. 02
Interest bearing total
do
Public issues
do
Held by U.S. Govt. in vestment accts. do
Special issues
do _
Noninterest bearing
do
Guaranteed obligations not owned by U.S. Treas1.33
ury, end of month
bil. $_.
U.S. savings bonds:
i 47. 79
Amount outstanding, end of month
do
.38
Sales series E and 11
do
.47
Redemptions
do
1 299. 21
i 255. 78
i 11.99
i 43. 43
i 4. 26
43. 56
4. 02
i .52
.41
.43
.44
.45
.47
.49
.49
.50
.52
.53
.54
. 55
. 50
.58
i 47. 87
.36
.47
47.81
.35
.46
47.81
.35
.46
47.82
.36
.48
47 SO
.30
.45
47.90
.36
.43
47.91
.30
.40
47.87
.36
.51
47.90
.33
.40
47.87
.30
.46
47.97
.53
.56
48.11
.42
.40
48.21
.40
.40
48.29
.41
.45
48.40
.41
.41
LIFE INSURANCE
Institute of Life Insurance:
Assets, total, all U.S life insurance companies 9
128. 57 128. 93 129. 14 130. 00 130. 60 131. 07 131. 74 132. 50 133. 17 134.01 134. 50 134. 98
bil. $_. 1 126. 82
Bonds (book value), domestic and foreign,
i 60. 93
62.73
62.63
62 38
63. 55
63.12
63.37
64.07
63.86
63.88
64.72
total
bil $
64.44
64.66
16.13
6.23
6.32
6.41
6.40
6.34
6.35
6. 19
6.38
6.37
6.24
6.31
6.03
U S. Government
do
13.89
4.06
4.05
4.06
4.06
4.06
4.10
4.08
4.06
4.09
4.09
4.08
4.06
State, county, municipal (U S )
do
i 16 22
16.37
16.42
16. 32
16.30
16.40
16.38
16.41
16. 51
16. 40
16.54
16. 54
16.54
Public utility ( U S )
do
i 3. 58
3.61
3.62
3.60
3.57
3.63
3.60
3. 59
3.56
3.58
3.54 r 3.53
3. c4
Railroad ( U S )
._
do
126.91
27.92
27.82
28.09
28.66
28. 46
27.67
28.29
28.64
28.61
28.82
Industrial and miscellaneous (U S )
do
28.98
29. 18
Stocks (book value), domestic and foreign, total
4.95
4.97
4.99
4. 93
5.07
5.16
5.02
5.11
5. 18
5 24
bil. $._ i 6.26
5.34
5.28
12.03
2.22
2.14
2.18
2. 20
2.13
Preferred (U S )
do
2.19
2.22
2.24
2.24
2.25
2.26
9
i 4.14
£ 70
2.73
2.74
2.78
2.85
2.71
2.81
Common (U.S )
do
2.74
2.80
2.94
91
2.99
i 44. 20
45.14
44. 75
44.95
45.34
45. 76
45. 58
46.05
46.38
46.98
47.20
Mortgage loans, total
do
47.35
47.62
i 41. 03
41.86
41. 52
42.03
43.00
41.68
42.41
42.25
42.69
43. 58
43.80
Nonfarm
_
do
43.93
44.16
14.01
4.04
4.10
Real estate
do
4.01
4.02
4.11
4.11
4.12
4.13
4.12
4.15
4.17
4.18
i 5. 73
5.98
6.04
5.93
6.11
Policy loans and premium notes
do
5.88
6.15
6.08
6.18
0.21
6.24
6.28
6.32
i 1.39
1.20
1.26
Cash
do
1.22
1.21
1.27
1.30
1.24
1.27
1.41
1.28
1.27
1.19
14.29
Other assets___ __
do
5.10
5.15
5.41
5.22
5.21
5.20
5.17
5.28
5.38
5.50
5.44
5.60
Payments to policyholders and beneficiaries in
777.1
749.6
714.1
733. 4
U.S., total
mil. $_. 734.2
777.5
754. 6
776. 5
994. 1
739. 2
741.8
844. 7
759.2
885.0
323. 2
298. 4
316. 5
300. 4
Death benefits
do
342.0
311.6
300.4
358. 1
318. 8
316. 6
318.9
369. 5
332.2
391.7
59. 5
59. 6
56. 3
57. 6
59.2
54.5
50.
5
Matured endowments
do
54. 6
63.4
60. 1
63. 3
59.2
71.5
72. 2
11.8
11.1
12. 1
11.6
12.0
12.8
Disability payments
do
12.5
11.0
13.4
11.5
10.3
53.4
11.2
13^1
64.2
69.8
Annuity payments
do
66. 7
68.2
67.7
70.9
61.7
75.3
00.7
68.9
62.7
95. 2
75.5
73.5
149. 4
147.7
Surrender values
do
142. 7
141.5
157.2
149.0
156. 7
142.9
146. 6
133.2
153.0
152. 6
136. 9
154.9
165. 0
151.6
Policy dividends
do
136. 3
138.6
135.4
153.8
148.7
160.7
169.8
340. 7
149. 2
142. 5
144.2
179. 6
-------Life Insurance Agency Management Association:
Insurance written (new paid-for insurance) :
6, 565
6, 350
6,750
6. 708
6, 204
5, 950
Value, estimated total 9
mil. $.. 6,586
6. 268
7,005
6, 580
8, 105
5. 593
6, 252
7,233
7, 080
4, 605
4,531
4,784
4, 670
4, 510
1. 500
4. 629
Ordinary 9
do
4, 109
4, 903
4,912
5, 201
4, 057
4. 519
5,147
5, 258
1,472
1.377
1.341
1.110
1,463
1. 140
Group and wholesale
do
1.214
1,209
1, 484
1.078
1,023
2. 280
1,173
1,491
1, 802
Industrial
do
583
583
611
554
575
625
548
572
618
590
024
513
500
595
r,9o
r
p
Revised.
Preliminary.
i End of year; assets of life insurance companies are
IData for net receipts and total expenditures reflect exclusion of certain interfund transannual statement values.
i See similar footnote on p. S-17.
actions.
of Other than borrowing.
*New series (compiled by U.S. Treasury Dept. and Bu. of
^Revisions will be shown later as follows: Assets, all life insurance cos., Jan. 1960-July
the Budget).
1961; insurance written (total and ordinary), 1961.
SURVEY OF CURRENT BUSINESS
June 1963
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
1962
1962
Monthly
average
S-19
Apr.
May
July
June
Aug.
1963
Sept,
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FINANCE—Continued
!
LIFE INSURANCE— Continued
Premiums collected (LIAMA):*
Total life insurance premiums
Ordinary
Group and wholesale
Industrial
1. 001
735
146
120
1 047
773
355
118
999
745
147
107
1,029
776
146
107
1.016
758
151
108
1, 048
775
163
109
1.034
768
158
108
Gold and silver:
Gold:
Monetary stock, U.S. (end ofyr.or mo.)_mil. $__ 16, 889
-5
"\"et release from earmark!
do
64, 583
Exports
thous. $
4,684
Imports
- -do
15,978
-66
31,747
12, 578
16,495
-82
14,065
2,228
16,434
-78
31,032
16, 290
16, 435
— 60
14.000
3,340
16, 147
-310
14,005
2, 039
16,098
—10
52, 063
1.883
2101,200
66, 900
13.000
4,'600
74. 400
12. 100
3,700
72. 300
12, 400
3, 000
74, 000
12.800
3, 400
75, 200
11,800
3,100
7(>, 300 76, 600
1 1 , 900 12,000
4. 000
4, 600
3, 154
3,786
. 924
1,262
6,205
1. 084
526
5,615
1.015
521
5, 203
1.015
964
6, 837
1 . 023
476
5, 398
1.035
2,615
3,362
* 2, 908
133.9
2. 556
3,434
3, 764
1
35. 3
2, 273
3, 473
3, 465
33.2
2,218
3, 530
4, 362
33. 5
2,684
3,185
3, 359
33.8
s 143. 2 5 5146. 0
529.1
30.1
5114.0 5115.9
5 78. 5 5 591. 0
54.8
6.0
146. 2
29.8
116.4
88.9
3.8
143. 6
29.8
113.8
89. 9
7.0
146. 1
30.0
116.0
88.7
42.2
78.4
41.7
28.2
mil. $ _
do
_ _ __do __
do
1.076
797
168
110
1, 025
769
150
106
1.234
827
176
231
1.142
866
166
110
1,031
774
154
103
16, 067 15,978
2
-19
63, 1 50 28. 053
2. 130
2,335
15, 977
26
6, 936
1,903
15,978
20
45. 093
86, 442
15 928
89
16, 975
2.976
15.878
-47
45, 024
2,024
15, 878 r 15, 877
48
-27
36
1,842
76. 100
11,700
4, 800
78. 100
12. 500
4, 300
78, 500
12, 100
3.800
74, 700
11,700
3, 700
78, 000
11, 700
3,600
76, 500
11,000
3,000
79,400
11, 600
3,200
951
o. 827
1.083
1,144
7,897
1.155
960
7, 646
1,206
1.886
5, 713
1. 192
3, 350
5, 270
1.199
2, 571
4.299
1.244
3, 086
5, 187
1.256
2,849
2, 984
3, 052
33.9
2,408
3, 623
2,883
33.9
3, 037
3, 631
5, 157
33.9
2, 737
3, 435
3,151
34.1
2, 601
2, 981
3, 005
34.8
2.713
3, 662
4. 545
35.3
2, 256
3. 241
4.722
34.1
2. 197
3. 604
4, 135 "1" 186"
34.3
34.5
144.0
30.0
113.9
91.1
7.2
144.3
30.3
114.0
92 2
7.1
113.8
30. 3
113.5
93.0
0. 8
145. 0
30. 3
114.6
93.8
7 2
146.5
30. 4
116.1
94.9
7.3
148.2
30.8
117.5
95. 4
6.0
151.6
31.2
120. 4
96.6
5. 6
151. 8
30 5
121.3
98.4
4.8
148. 3
30. 5
117.8
99.9
5.6
147.4
30.7
116. 7
101.7
5.9
149. 5
30.9
118.6
102. 9
4.2
147.3
31.1
116.2
104.0
7.0
145. 7
30. 0
115. 7
89.6
145. 6
30.1
115.4
90.7
145. 7
30.2
115.5
01. 8
145. 1
30. 2
114.9
92. 5
145. 3
30. 2
115. 1
93.4
146. 1
30.3
115.8
94.6
146. 9
30.5
116.4
96. 0
147.9
30. 6
117.3
97.5
148.7
30.7
118.1
99. 1
148.6
30.9
117.7
100.3
148.9
31.1
117.8
101.8
149.4
31.2
118. 2
102, 6
149.4
31.3
118.1
103.7
41.9
78.8
40.8
28.0
41.6
77.3
41.3
27.8
42.1
77.3
42.1
28.6
41.9
78.8
41. 1
28.3
41.7
82.2
41.8
27.3
43.5
82.9
43.7
28.5
42.9
80.7
43. 5
28.5
44.2
88.9
43.4
27.7
43.6
83.7
44.1
28.8
43.6
84.6
42.7
28.3
43.9
85.8
43.1
28.2
44.4
82.2
44.2
29.7
962
720
139
103
1,121
852
166
103
1,089
819
165
104
MONETARY STATISTICS
"Production world total
do
South \frica
do
Canada
do
United States
do
Silver:
Exports..
_
—
do
Imports
do
Price at New York
dol. per fine oz__
Production:
Canada
thous. fine oz
ATexico
do
United States
do
Currency in circulation end of vr or mo
nil $
Money supply and related data (avg. of daily fig.) :*
Unadjusted for seas, variation:
Total money supply
bil $
Currency outside banks
do
Demand depositsQ _
do .
Time deposits adjti ted^
do
U.S. Govfrnment deposits
do
Adjusted for seas, variation:
Total money supply
do
Currency outside banks
do
Demand deposits
do
Turnover of demand deposits except interbank and
U.S. Govt., annual rates, seas, adjusted:
Total (344 centers)* ratio of debits to deposits
New York City
do
ft of her centers cT
do
•337 other reporting centers
do
38.2
70.0
36.9
26.2
41.5
77.8
41.2
27.7
3
15. 798
1,642
7, 500
1,271 ~~1~273~ ~ 1~279~
34.6
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade and SEC):
Net profit after taxes all industries
mil $ e 3, 828 6 4, 432
6331
6342
Pood and kindred products
do
670
688
Textile mill products
do
Lumber and wood products (except furniture)
641
^28
mil. $_.
6
146
157
Paper and allied products
do
511
6
560
Chemicals and allied products
do
772
809
Petroleum refining
do
136
145
Stone clav and glass products
do
122
133
Primary nonferrous metal
do
201
180
Primary iron and steel
do
Fabricated metal products (except ordnance,
111
152
machinery and transport equip )
mil $
265
327
ATachinery (except electrical)
do
256
307
Elec machinery equip and supplies
do
Transportation equipment (except motor
6
7
4
110
vehicles etc )
mil $
372
572
ATotor vehicles and equipment
do
430
508
\11 other manufacturing industries
do
Dividends paid (cash), all industries
do
Electric utilities, profits after taxes (Federal Reserve)
mil $
Transportation and communications (sec pp. S-23
and S-24).
e 2, 138
6474
6 2, 320
6
513
4 649
344
89
4 236
397
86
4, 838
357
105
55
169
601
699
191
156
192
63
155
551
775
199
104
111
35
161
568
965
133
130
165
187
387
315
168
333
291
134
304
349
120
645
499
106
331
564
2,123
2,112
472
488
118
743
572
I
"1
2.844
|
508
SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds, total
By type of security:
Bonds and notes, total
Corporate. _. _ _
... _
Common stock
Preferred stock.
__.
.__ _
By type of issuer:
Corporate, totalO
_
_
Manufacturing _ ...
.
Extractive (mining)
Public utility. - . _ . _
Railroad
Communication
Financial and real estate
2,958
2,498
4,075
2,149
2,422
1,663
4,056
1,568
2,150
1,821
2,149
2 708
2.166
2 830
do
_ do
do
_ do
2,648
785
273
37
2,352
751
110
36
3,738
881
216
120
2, 015
667
120
14
2, 253
1,063
124
46
1,598
565
32
32
3,974
840
58
24
1.408
472
110
51
2,027
853
74
49
1,768
732
28
24
2, 025
1,072
65
59
2.606
593
71
30
2,072
548
77
17
2,740
1,273
74
17
do
do do
. do
do
do
do
1,096
343
22
253
15
152
190
897
274
19
237
20
109
155
1,217
463
15
383
7
90
142
801
279
37
217
12
65
96
1,232
361
23
473
18
80
173
630
250
5
124
9
93
110
922
226
(7)
255
56
123
190
632
190
21
165
20
69
93
976
167
21
252
6
262
228
784
275
8
228
25
4
185
1.197
381
51
280
37
58
265
695
142
17
181
29
127
94
642
228
24
147
14
69
114
1, 363
630
11
161
43
46
291
1,862
1, 600
2, 858
1,348
1,190
1,021
716
352
1, 506
363
695
713
877
897
760
r
2
Revised.
1 End of year.
Estimated; excludes U.S.S.R., other Eastern European
countries, China Mainland, and North Korea. Comparable data not shown in 1961 BUSINESS STATISTICS volume.
3 Effective Aug. 1962 for silver in commercial bar form
(priced }4 cent higher than on former basis; 4/io cent higher effective Nov. 15,1962).
* Based
on refinery production6 (U.S. Bu. of Mint data); not comparable with data through
1961
7
previously shown.
Average of daily figures. o Quarterly average.
Less than
-$500,000.
1,033
358
641
Noncorporate, totalO- --U.S. Government
State and municipal
mil. $..
do ...
do
do
1.174
1,036
936
3,135
2, 013
953
1.523
1,467
300
327
2, 408
295
774
359
425
396
595
559
426
646
547
999
810
989
*New series. Back data for premiums collected and turnover of total demand deposits
are available upon request; those for money supply, etc., are published in the Aug. 1962
Federal Reserve Bulletin (see also Oct. 1960 Bulletin for concepts and methods). " §Or
increase in earmarked gold (—).
f Time deposits at all commercial banks other than those
due to domestic commercial banks and the U.S. Govt.
cflncludes Boston, Philadelphia,
Chicago, Detroit, San Francisco, and Los Angeles.
OIncludes data not shown separately.
SUEVEY OF CURRENT BUSINESS
S-20
1962
1961 | 1962
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
Monthly
average
June 19C3
May
Apr.
June
July
Aug.
1963
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FINANCE—Continued
SECURITIES ISSUED— Continued
Securities and Exchange Commission — Continued
New corporate security issues:
Estimated net proceeds total
mil $
Proposed uses of proceeds:
New money total
do
Plant and equipment
do
TVorking capital
do
Retirement of securities
do
Other purposes
do
State and municipal issues (Bond Buyer) :
Long-term
do
Short-term
do
1,073
881
1,185
785
1,214
621
907
618
961
776
1, 184
684
631
1 349
902
628
274
75
96
694
475
219
63
124
1.033
753
279
72
80
621
435
186
25
139
953
713
240
82
180
504
329
175
39
78
620
382
237
159
129
441
315
126
39
138
727
467
259
126
108
494
263
230
73
209
923
616
306
81
180
563
378
185
72
50
448
319
129
37
146
1.056
755
300
205
88
697
376
713
397
877
442
897
499
760
375
641
301
559
573
426
172
646
285
595
590
547
351
999
304
810
467
989
457
r
915
'962
1
1
430
405
!4
294 1 4 149
1
1,219
1
1
216
1
3, 003 i 2, 820
419
4, 115
1,110
3.072
426
4 034
1,205
2,889
437
3, 637
1,374
2,239
415
3, 592
1, 252
2,124
388
3. 796
1.130
2.506
380
3,914
1,091
2.738
397
3,889
1,126
2, 625
385
3,975
1,151
2,586
405
4,149
1,216
2,820
414
4,236
1,199
2,927
422
4,355
1,191
3,094
399
4,358
1,175
3,192
415
4, 553
1.201
3.272
842
204
SECURITY MARKETS
Brokers' Balances (N.Y.S.E. Members Carrying
Margin Accounts)
i «s on
^ r
v^usiomers^ ueoit uaidiicet> (jiei;___--
\Tonev borrowed
<P
do
Bonds
Prices:
Average price of all listed bonds (N.Y.S.E.),
total§
dollars
Domestic
do
92.98
93.12
83.22
93 81
93.91
85 70
94. 40
94. 50
86.04
93. 80
93.91
84. 68
93.02
93.13
84.82
92.97
93. 08
84.61
93.76
93. 87
85. 88
94. 16
94.27
85. 94
94.57
94.68
86.27
95. 03
95.13
87. 18
94.97
95.05
87.76
95.2
107. 8
87. 55
96.2
112.1
86. 94
96.0
113.7
87. 69
96.6
113.5
87.87
96.3
111.2
87. 61
95.9
110.2
86. 07
95. 7
110.1
86.64
96.3
112.1
87.02
97.3
114. 4
87.73
97.4
114.5
87.96
97.3
113. 0
87.96
97.6
113.0
87.81
97.8
112.1
87.33
97.8
113.3
87.15
97.4
113.1
86.63
168.56
162.82
144. 14
148 83
134.82
135.58
188.43
184. 91
246. 49
249. 77
151.86
156.85
117.84
125. 30
91.01
94. 62
112.30
136. 16
128. 56
135. 57
127. 49
132. 09
128. 43
132. 21
111.87
126. 08
99. 58
107. 26
139. 00
139. 12
163.70
159.05
138. 80
143 27
129 99
130.81
183.01
179 28
238. 82
211.24
148.25
152.98
112.35
119. 58
86.01
90.10
105. 49
128. 67
122. 72
129. 41
122. 99
1 26. 99
123. 26
126. 26
107. 89
121.64
95. 66
102. 80
133. 39
132. 71
136.34
130.51
5.83
121.21
113.42
7 79
117.18
111.74
5. 44
1S3. 17
1 74. 7f>
8.42
184.88
176. 26
8 62
116. 51
108. 52
7.97
95. 86
88.71
7.16
81. 52
75. 06
6.46
100. 62
89 22
11. 39
118.29
110.60
7.70
108. 57
99. 67
8.90
117.64
107. 97
91 35
124.31
126. 28
108 34
105. 50
1.58
108 51
105 43
1.73
109. 44
106. 40
1.68
106 74
103 70
1.67
105 51
102. 42
1.74
105 47
102. 37
1.76
108 52
105. 36
1.80
111.37
108.22
1.79
111 69
108. 52
1.80
113.07
109. 85
1.84
111 09
107. 80
1.85
116.51
Face value total all issues §
do
113.30
Domestic
do
1.90
Foreign
do
Yields:
4. 66
Domestic corporate (Moody 's)
per cent _.
By ratings:
4.35
Aaa
do
4.48
Aa
do
4.70
A
do
5.08
Baa _ _ _
do
By groups:
4.54
Industrial .
do
4.57
Public utility ___
do
4.86
Railroad
_ .
._ do _
Domestic municipal:
3.46
Bond Buyer (20 bonds)
do
3.46
Standard & Poor's Corp. (15 bonds)
do
3.90
U.S. Treasury bonds, taxable©
do
115. 65
112 25
2.02
115.93
112.59
1.95
113.79
110 4'>
1. 98
113. 42
109. 97
2. 06
113.45
109. 98
2.08
115. 74
112. 25
2.10
118.28
114.80
2.09
118.10
114. 62
2.09
118. 99
115. 48
2.11
116.98
113.41
2.11
4.62
4.63
4.58
4.59
4.63
4.64
4.01
4. 57
4.55
4.52
4.49
4.48
4.46
4.47
4.47
4.32
4.47
4. 65
5.02
4.33
4.49
4. 66
5.02
4.28
4.43
4. 62
5.00
4.28
4.44
4.62
5. 02
4.34
4.49
4.65
5. 05
4. 35
4.49
4.66
5.06
4.32
4. 4t>
4.62
5.03
4.28
4.41
4.61
4.99
4.25
4.40
4.59
4.96
4.24
4.38
4.54
4.92
4.21
4.37
4.48
4.91
4.19
4.36
4.46
4.89
4.19
4.32
4.45
4.88
T
4. 21
>• 4. 35
4.46
4.87
4.22
4. 36
4. 4P>
4.85
4.47
4.51
4.86
4.46
4. 56
4.86
4.42
4. 50
4.83
4.45
4.47
4.86
4. 52
4.48
4.90
4.51
4.50
4.90
4.45
4.49
4.88
4.40
4.46
4.85
4.39
4.42
4.83
4.40
4.41
4.76
4.38
4.38
4.72
4.37
4.37
4.69
4.38
4.37
4.63
M.
40
r
4. 63
4. 39
4.40
4.39
4.63
3.14
3.18
3. 95
3.00
3.08
3.89
3.24
3.09
3.88
3.24
3.24
3. 90
3.33
3. 30
4.02
3.14
3.31
3.97
3.06
3.18
3.94
3.01
3.03
3.89
3.10
3.03
3.87
3.05
3.12
3.87
3.18
3.12
3.88
3.12
3.18
3.92
3.06
3.11
3.93
3.11
3.11
3.97
3. 16
3.15
3.97
Cash dividend payments publicly reported:
Total dividend payments
mil. $ _ 214,154 215,076
Standard & Poor's Corporation:
Industrial, utility, and railroad (Al-f issues):
Composite (19 bonds) cf--_dol. per $100 bond-Domestic municipal (15 bonds)
do
U.S. Treasury bonds, taxah 7 e If
do
Sales:
Total, excl. U.S. Government bonds (SEC) :
All registered exchanges:
Market value
mil $
Face value
do
New York Stock Exchange:
ATarket value
do
Face value
do
New York Stock Exchange, exclusive of stopped
sales face value total §
mil $
Domestic
do
Foreign
do
Value, issues listed on N.Y.S.E., end of month :
ATirket value total all issues?
bil $
Domestic
do
Foreign
do
r
97.1
112.6
86.66
Stocks
Finance
Manufacturing
Mining
Public utilities:
Communications
Electric and gas
Railroads
Trade
Miscellaneous
_ _
_ _ _
_
987.8
384.0 2, 086. 2
994.8
395. 4 2, 137. 9
1,025.3
412.1 2, 968. 2 1,098.9
520.1 2, 164. 1 1.038.5
409.7
do
__ .do
do
2
2, 160 2 2, 360
2 7, 346 27,823
2544
2549
188.9
340.9
11.1
167. 6
91.9
131.4 1, 354. 5
5.2
108.5
197.4
338.6
10.5
229.4
93 2
135.5 1, 352. 3
105.5
3.0
194.5
361.8
11.4
389.2
104.6
140.2 1, 906. 3
168.3
2.8
275.3
316.9
14.6
181.8
197 0
139.9 1, 388. 1
2.6
112.4
203. 3
353. 3
13.9
9° 9
145. 0
4.5
do
do
do
do
do
2 1, 283 21,411
2 1, 692 2 1, 773
2356
2353
2578
2606
2195
2201
235. 3
123.3
20.5
57.9
9.9
3.3
116.8
5.5
23.0
6.9
113.0
199.1
56.6
59.3
27.6
235.7
123.8
16.9
59.8
12.1
2.9
118.6
8.7
23.5
10.0
112.8
201.3
50.7
58.4
27.5
236.4
124.8
19.7
62.4
14.3
3.3
124.9
5.7
21.6
9.0
117.4
207.8
77.1
66.2
35.9
236.2
126.7
31.6
79.6
18.0
2.5
125. 2
8.6
49.9
9.6
117.7
208.3
55.5
54.6
30.5
239.6
131.0
20.2
60. 2
17.0
3.6
127.8
5.5
22.4
8.7
5.99
6.43
2.97
3.36
4.30
5.31
5.96
6.42
2.91
3. 35
4.30
5.29
5.97
6.41
2.97
3.35
4.30
5.29
5.97
6.41
2.98
3.35
4.30
5.29
5.97
6.40
2. 98
3.35
4.30
5.29
5.97
6.40
2.99
3.35
4.30
5.32
5.97
6.40
3.02
3.34
4.30
5.32
5.91
6.29
3.03
3.39
4.30
5.32
6.13
6.63
3.05
3.39
4.30
5.32
6.15
6.64
3.07
3.42
4.35
5.65
6.21
6.71
3.07
3.42
4.44
5.80
6.22
6.73
3.10
3.42
4.44
5. 80
6.24
6.75
3.10
3.42
4.44
5.84
6.26
6.76
3.16
3.42
4.45
5.84
6.40
6.97
3.16
3.48
4.45
5.84
Dividend rates and prices, 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
5.70
6.07
2.81
3.37
4.21
5.18
185. 66 177.87 186. 28 171. 39 157. 34
Price per share, end of mo. (200 stocks) 9 --do
199. 90 189. 95 198.72 183. 43 168. 00
Industrial (125 stocks)
do
86.79 81.74
96.45
Public utility (24 stocks)
... do .. 90.55 91. 50
57.19
68.26 63.39
64.78 62.00
Railroad (25 stocks)
do
T
2
Revised. » End'of year,
'Annual total.
§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.
168.24 170. 51 161. 75 164. 02 179. 59 182. 43 191. 25 185. 31 191. 72 201.02 204. 25
178. 96 181. 40 172. 29 174. 24 192. 36 194. 69 204. 07 196.71 204.94 216. 41 221.41
96.49 102. 52 99. 88 101. 40 102. 94 103. 80
87.42
86.83 92.64
87. 72
90.12
72.32 77.98
58.66 67.43 68.04
71.41 70.90
59.25 56. 07
58.27
82.68
d"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.
OFor bonds due or callable in 10 years or more.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
June 1963
Unless otherwise stated, statistics through I960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
1962
Monthly
average
S-21
1963
1962
May
Apr.
June
July
Aug.
Sept.
Oct.
Nov.
Jan.
Dec.
Mar.
Feb.
Apr.
May
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks— Continued
Dividend yields and earnings, common stocks
(Moody's):
Yield (^00 stocks)
percentIndustrial (125 stocks)... _
do
Public utility (24 stocks)
do
Railroad (25 stocks)
do_ _ _
Bank (15 stocks)
do
Insurance (10 stocks)
_ do
3.07
3.04
3.10
4.94
3.18
2.31
3.37
3.39
3.25
5.30
3.31
2.48
3 20
3.23
3 02
5.17
3 26
2.28
3.48
3.49
3.42
5.40
3.56
2.59
Earnings per share (in dust., qtrly. at ann. rate;
pub. util. and RR. , for 12 mo. ending each qtr.) :
Industrial (125 stocks)
dollars. _ 219.61 Ul.lO
4.33 24.73
Public utility (24 stocks)
do
23.94 2 5.73
Railroad (25 stocks)
do
Dividend yields, preferred stocks, 14 high-grade
(Standard & Poor's Corp.)
percent--
3.79
3.82
3 65
5.86
3.74
2.86
3 55
3.58
3 40
5 75
3 45
2 68
3.50
3.53
3 32
5.65
3.43
2.63
3 69
3.71
3 45
5.96
3 70
2.85
3 60
3.61
3 49
5 78
3 62
2.78
3 41
3.45
3 29
5.03
3 36
2.44
3 36
3.42
3 10
4.82
3 17
2.47
13.00
4.73
5.73
9.50
4 57
5.05
11.10
4.50
4.99
3 25
3.29
2 99
4.79
3 16
2.41
3 37
3.41
3 18
5.03
3 27
2.53
3 25
3.29
3 06
4 73
3 19
2 45
3 11
3.12
3 07
4 39
3 15
2 42
3 13
3. 15
3 04
4 21
3 14
2 50
4.29
11.25
4 80
5.85
4.66
4.50
4.45
4.45
4.52
4.59
4.55
4.50
4.49
4.45
4.42
4.34
4.27
4.24
4.31
232. 44
691. 55
117. 16
143. 52
221. 07
639. 76
121. 75
132. 61
237. 42
690. 28
129. 25
142. 29
221. 91
643. 71
120. 03
134. 96
198. 94
572. 64
109. 17
121. 64
203. 10
581 78
113. 91
122 75
208. 94
602. 51
118. 93
121. 89
207. 82
597 02
120. 53
119. 76
202. 73
580 65
117. 77
117 58
218. 35
628. 82
122. 34
130. 29
227. 22
648. 38
127. 37
138. 98
237. 51
672 10
133. 56
148 25
241.13
679 75
135. 86
151 85
239. 67
674 63
134. 87
151 72
249. 58
707 12
137.57
158 36
66. 27
62.38
68.05
62.99
55.63
56.97
58.52
58.00
56.17
60.04
62.64
65.06
65.92
65.67
68.76
70.14
___do
do
do
do
do
69.99
67.33
57.01
60.20
32.83
65.54
58.15
54.96
59.16
30.56
71.64
64.49
60.66
63.86
32.31
66.32
58.17
55.86
58.84
30.71
58. 32
50.18
48.98
53.32
28.05
59.61
51.08
49.82
55 51
28.29
61.29
52.91
51.17
56.96
28.09
60.67
52.08
50.60
56 96
27.68
58.66
50.83
49.06
55 63
27.40
62.90
56.05
52.42
57 69
30.47
65.59
57.54
54.52
60.24
32.24
68.00
59. 19
56.37
63. 35
34.06
68.91
59.93
57.47
64.07
34.59
68.71
50. 28
57. 55
63 35
34.60
72.17
62.07
60.29
64 64
36. 25
73.60
64.43
62.18
65 52
38.37
do
do
do
33. 75
70.78
45. 42
33.75
66.19
43.35
36.11
70.94
48.42
32.33
65.11
43.79
29.69
58.45
38.36
31.02
59.88
38.52
32. 35
61.93
40.72
31.33
61.23
39.79
30.26
59.00
37.47
32.37
64.00
41.93
34. 35
67.71
44.66
35.39
70.01
47.17
37.18
73.29
48.96
35.86
72.22
47. 93
35.96
74.66
48.94
36.68
75. 65
48.22
5,317
168
4, 561
139
3,954
114
5,367
148
6, 728
204
4,291
131
4 117
132
3, 393
104
3 990
126
4,596
144
4, 426
143
5,016
159
4, 298
130
3 975
136
5 485
160
4,392
108
3,945
99
3, 335
79
4,649
3
105
6,034
156
3,789
99
3, 575
96
2,930
74
3,518
93
4,040
107
3, 857
103
4,357
117
3,741
97
3,485
91
4, 794
121
85
80
65
111
100
74
77
63
79
96
81
101
79
75
107
105
Shares listed, N.Y. Stock Exchange, end of mo.:
Market value, all listed shares
bil. $.. 358. 93
Number of shares listed
- millions.. 6, 752
339. 29
7,464
357. 77
7, 343
326. 78
7,434
298.97
7, 485
318. 84
7,533
324. 51
7, 552
308. 44
7,561
309 23
7,611
341. 14
7,621
345. 85
7,659
363. 22
7,692
354. 33
7,719
365. 93
7,750
383. 59
7,793
389. 90
7 881
Prices:
Dow- Jones averages (65 stocks)
Industrial (30 stocks)
Public utility (15 stocks)
Railroad (20 stocks)
Standard & Poor's Corporation :cf
Industrial, public utility, and railroad:
Combined index (500 stocks)
1941-43=10..
Industrial, total (425 stocks) 9
Capital goods (123 stocks)
Consumers' goods (193 stocks)
Public utility (50 stocks)
Railroad (25 stocks)
Banks:
New York Citv (10 stocks)
Outside New York City (16 stocks)
Fire insurance (16 stocks)
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
mil $_
Shares sold
millions. _
On New York Stock Exchange:
Market value
..mil. $__
Shares sold (cleared or settled)
millions. _
Exclusive of odd-lot and stopped stock sales
(N.Y. S.E.; sales effected)
millions..
256
720
140
167
36
84
30
48
FOREIGN TRADE OF THE UNITED STATES
FOREIGN TRADE
Indexes
Exports of U.S. merchandise :t
Quantity
Value
.
-. .
Unit value
1957-59=100..
do
__do
Imports for consumption :t
Quantity
..
Value
Unit value
--do
- - do___
-..do
108
111
103
v 112
*115
M03
118
120
102
122
125
103
124
126
102
107
109
102
105
107
102
110
112
102
100
103
102
115
118
102
118
121
102
108
105
97
v 122
v 117
^95
119
114
96
126
121
96
119
114
96
120
114
95
124
118
95
123
116
94
129
123
95
134
126
94
121
115
95
9,509
14,346
11.536
17,010
11,046
17, 865
10, 150
15,921
10, 987
16, 990
10, 906
16, 104
10.181
16, 668
10, 364
15. 630
9,581
15,295
1,885.7
1,803.3
1,971.4 1,974.0
1,891.3 1,897.6
1,707.4
1,619.9
1,681.3
3,633 3
1,760.2
1,710 0
1,613.2
1,582.6
1,851.1 1, 902. 0 * 1,01 1.0 42,104.8 2, 124. 7 2, 057. 3
1,791.4 1, 863. 7 * 960. 4 *2,020.6 2, 058. 1 1 968 0
1,802.6
1,782.1
1,838 3
1 7289 1 687 3 1 943 3 1 492 8 1 695.2 1 8389
Shipping Weight
Waterborne trade:
9,984
Exports, incl reexports!
..thous. Ig. tons,_ 9, 526
13, 984 15, 685
General imports
- .. do
Value*
Exports (mdse.), incl. reexports, totalj
mil. $__ 1,746.8 1,802.4
1,679.4 1,741.7
Excl Dept. of Defense shipments. ... _ _ d o _ .
Seasonally adjusted*
do
By geographic regions: A
Africa
Asia
_ _
Australia and Oceania..
Europe
Northern North America
Southern North America
South America
-
do
do
do._.
do
69.3
342.6
33.6
536.2
81 7
343.7
39.1
542.7
94 8
341.8
40.3
557.4
79 7
352.8
41.6
580.9
88 7
359.6
41.9
574.0
78 6
326 6
41.7
473 3
73
319
39
493
do
do
do
303.6
122.7
187.3
319.2
129.5
167.1
352.1
119.1
182.6
379.5
134.9
176.0
370.1
134.9
185 4
313 6
118 7
150 4
13.6
19.0
19.5
18.6
28.8
21.6
23.9
15.1
22.4
22.2
22 3
20.2
By leading countries:
Africa:
United Arab Republic (Egypt Reg.)._-do._.
Republic of South Africa
do—
T
l
Revised. 3 *» Preliminary.
Quarterly average at annual rate.
2 For 12 months
ending Dec.
Note that all figures on this line are on basis of sales cleared or settled
during
indicated
month;
clearances
usually
occur
about
4th
day
after
transaction
date.
4
Jan. and Feb. data reflect effects of dock strike and its aftermath.
cfNumber of stocks represents number currently used; the change in number does not
affect continuity of the series.
9 Includes data not shown separately.
JRevisions for various periods prior to 1962 will be shown later.
3
5
3
9
60 1
289 2
36.6
483 4
92
362
36
560
304 4
127 1
173 5
290 6
129 2
171 6
341 5
134 5
133 1
16 7
15.0
13 9
19.9
6 2
14.5
6
5
6
6
80
334
52
544
0
8
9
1
84
410
41
580
4
982. 1 * 2,130.6 1 990 8 1 918 1
Q9
469
41
670
1
9
9
0
8
1
5
6
13 5
184*8
17 7
258 6
98
427
48
692
314 6
151 1
157 5
308 8
150 6
161 8
268 0
91 9
43 8
296 9
141 9
170 4
316 4
'154 0
177 8
16 6
17.9
11 9
22.9
2 0
4.3
20 2
29.8
19 4
25.1
5
8
9
1
§Excludes "special category" shipments and all commodities exported under foreign-aid
programs as Department of Defense controlled cargo.
^Includes grant-aid shipments under the Dept. of Defense Military Assistance Program,
as well as economic aid shipments tinder other programs.
*New series. Revised data prior to 1961 may be obtained from Bu. of Census reports.
AExcludes "special category" shipments.
SURVEY OF ( T K R K X T BUSINESS
S-22
Unless otherwise stated, statistics through I960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
19G1
1%2
Monthly
average
Juno 10G3
1962
Apr. | May | J u n e ! July
Aug.
1903
Sept.
Oct.
No v .
Dec.
Jan.
Feb.
Mar.
A p r . ',
May
FOREIGN TRADE OF THE UNITI D STATES— Continued
FOREIGN TRADE— Continued
Valuct — Continued
Exports (mdse.), iiiel. reexports — Continued
By leading countries — Continued
Asia and Oceania:
Australia, including New Guinea
mil. $__
State of Singapore
do_ __
India
rlo_ —
Pakistan
do
Japan
do
Republic of Indonesia
do
Republic of the Philippines
do
Europe:
France
do
Fast Germany
do_
West Germany
- - do. _ Italv
do_ Union of Soviet Socialist Republics
do
United Kingdom
do
North and South America:
Canada
do
26. 8
3.9
40. 2
10. 3
144.9
11.2
27.8
33. 4
4.3
55 7
23.7
1 1 7. 8
10.0
22,4
34. 9
3.7
47.6
17.8
115.5
15.3
23. 1
47.1
2
89'. 4
60. 2
3.0
91.2
48. 8
.1
89, 7
64. 0
1. 3
89.6
55. 6
.1
91.9
57. 3
803. 6
319. 1
35. 4
3. 3
75.0
35. 7
96 9
7.0
21 7
33.4
4. 1
57.0
28.9
102. 1
9.3
21.5
85. 2
101. 1
60. 7
4.3
84. 3
50. 3
.1
95.3
72. 3
2. 8
77. 8
35.7
.1
82.0
48.7
1.0
83. 6
40. 3
.1
84. 2
58. 9
1.4
75.6
352.1
379.5
370. 1
313. 6
304. 4
116.8
8.7
22. 5
59. 9
268. 5
2S4. 5
283. 4
274.4
do
35. 4
32. 6
31.2
40.5
do
41.2
35. 4
42. 0
29.4
-do __
14.2
19.1
12.3
14.2
do ..
18.9
20. 4
21.9
22.6
do
1.1
1. 1
0)
C )
do
65. 8
67.7
74. 8
55. 2
do _
39.
0
43.0
37.4
50.1
do
1
,779.
9
1,726.4
1,945.2
1
,862.
0
_ _ d o __
Latin A.merican Republics total 9
Argentina
Brazil
__
Chile
Colombia
Cuba
Mexico
Venezuela
Exports of U S merchandise totalf
By economic classes:
Crude materials
do
Crude foodstuffs
_ _ _ _ _ _ _ _ _ _ _ _ do _
Manufactured foodstuffs and beverages--- do
Semiman ufactures cf
do
Finished manufactures cf
do
By principal commodities:
Agricultural products total 9
do
Cotton unmanufactured
do
Fruits, vegetables, and preparations
do
Grains and preparations
do
Packinghouse products
do
Tobacco and manufactures A
do
Nonagricultural products total 9
do
Automobiles parts and accessories
do
Chemicals and related products^
do
Coal and related fuels
do
Iron and steel products
do
35. 2
5.4
68. 2
31.9
117.2
11.2
22.8
35. 2
4.4
60. 8
1
61. 0
28. 1
169. 3
6.9
27. 9
35.1
4.6
83. (
38. '_
163.0
13.2
35. C
97.9
56. 6
.1
103. 5
70.9
.3
99. 7
32.9
0)
43.8
31.7
.1
47.6
67, 1
.4
119.5
83.2
1.8
106. 0
70.7
.1
111.2
73.2
.9
107. 7
314.5
308.8
268. 0
296. 9
316. 4
243. 4
291.9
274. 5
272.3
278. 9
237. 9
29.4
37. 8
32. 5
24. 1
19. 1
23. 8
42. 9
33. 4
39. 1
36. 5
32 3
34. 0
11.2
17.9
12. 3
16. 7
13.8
12^2
20.8
17.4
22.2
20. 1
12. 1
14.2
0
0)
(r)
0)
0)
0)
59. 9
69. 0
64. 8
62. 9
83. 5
71.8
32.2
41. 1
38.0
40. 9
40. 5
33. 6
1 ,952. 3 1 ,689. 8 1 ,660. 9 1 ,741. 3 1 ,592. 9 1,824.3
282.2
21.6
40.9
13.9
13.9
13.0
69. 8
42.3
1.876.8
281.0
295.2
119.5
18. 3
19.7
3.0
40. 0
39.3
9.6
2 7
16. 6
13.4
20. 7
4.2
18.3
10.0
3.9
.5
51.2
63.8
69.4
42.4
53.3
15.7
992.1 2,081.0 2, 098. 3
197. 5
140.3
105. 6
214.9
934. 7
233. 6
212.4
180. 5
144. 5
122. 7
108.9
278 6
24 1 . 9
1,081.7 1.096.4
226. 7
205. 0
102.3
190.0
197. 7
71.7
130. 6
1 57. 1
68. 5
294. 9
290. 0
131. 9
617.6 1,231.2 1,256.3
396.2
389. 2
23.2
21.8
46. 1
37. 7
136. 7
153. 5
23. 4
21.0
75.6
41.5
1,345.1 1, 203. 8
113.0
118.0
158. 1
128. 2
38.8
39.4
61.2
42.9
450. 4
461.9
41.1
52.0
37.9
35. 3
144. 3
180. 1
19.4
24.8
55.4
54.6
1,373.9 1,415.0
142. 4
131.1
148.0
158.8
35.7
28.3
49. 9
47.2
202.0
505.3
498.3
69. 6
30. 3
59.3
35. 3
28.8
69.9
904 9
26. 4
12.5
27.7
35. 0
8.4
37.7
790.1 1, 582. 7 1,593.0
132.4
65. 5
78.4
175.5
26. 9
22.1
29.8
c
56. 5
21.1
60.1
389. 5
10.5
27.9
95.4
40. 0
185. 7
30.2
51.1
1,438.9
1,318.9
443. 6
9.9
27.8
117.6
44. 2
209. 7
36.2
58.9
1,451.6
1,431.7
161.8
176.9
107. 7
255. 0
1,160.6
193. 0
215. 0
127.5
257. 0
1,152.7
204. 0
190. 1
127.8
264. 0
1,166.4
419, 3
418,7
44.8
73.7
35. 8
32. 9
170. 7
157. 8
25. 0
27.4
40.9
41. 6
1,307.7 1, 360. 6
100. 1
113.5
143. 8
149.5
29.1
32.1
50.9
68.7
410.9
42. 6
30. 7
182. 4
25. 0
32.8
1,451.1
119.8
158. 5
28.3
49.0
473.3
50.4
37.8
219.2
31. 5
31.2
1,471.8
121.9
155. 2
37.4
54.6
470.8
59.0
39. 3
188. 4
4o!2
1,481.5
113.6
158. 8
35. 3
50. 7
192.4
153. 3
106. 0
154.4
153. 1
109. 7
265. 5
I,0~i0.7
32.8
5.3
fit.. 1
28. S
121.9
47.3
.4
87. 5
70. 7
no'. 8
37.2
.1
77.9
61. 3
,4
89. 2
290. 5
341.5
39. 9
15. 5
2 2
22'. 9
8.3
72.1
11.0
11.0
186. 2
212.0
158. 1
167. 3
95. 9
113.8
273. 9
253.7
9S6. 5 1, 058. 8
30. 9
2.9
5!. 3
17.9
95.0
11.3
19. 3
35. 0
5. 9
71.7
27. 0
138. 8
6. 6
25. 5
432.9
492. 0
395. 9
476.1
461.4
Machinerv total §9
do
13.2
16.7
12.0
17.6
16.5
Agricultural
do
29. 9
34. 2
30. 2
38. 5
34. 4
Tractors parts and accessories
do
115.3
94.
3
105.
0
117.
1
113.4
Electrical
do
43.8
50. 5
40. 1
46. 6
39.1
Metal working^
do
241. 4
207.6
188. 9
219.5
219.9
Other industrial
do
36.9
37. 7
37. 1
38.1
39 8
Petroleum and products
do
57.3
59.9
56.8
59. 0
63.1
Textiles and manufactures
do
1,226.1 1,366.4 1,332.6 1,452. 1 1,348.1
General imports, total O
do
__. - _
1,363.8 1,386.4 1,342.4
Seasonally adjusted*©
do
By geographic regions: O
61.8
56.0
63.2
67. 8
Africa
do
85.8
242. 6
215. 2
247. 1
265. 1
242.0
Asia
do
34.2
36.
6
26.
7
27.2
29.2
Australia and Oceania
do
385.3
362.7
345. 0
416. 4
Europe
do
376.8
272. 6
304. 9
338. 8
326. 4
Northern North America
do
292.7
123. 1
107.6
141. 6
113.6
Southern North America
_ _ _ _ do
123. 7
204.1
199. 3
206. 0
196. 6
South America
_
do
181.7
Bv leading countries: O
Africa:
2.1
3.2
2.9
2.6
5.8
United Arab Republic (Egypt Reg.)___do
21.4
16.9
17.4
22.7
Republic of South Africa
do
27.0
Asia and Oceania:
24.4
16.2
19.1
15.4
Australia, including New Guinea _ _ _ _ do _ _
19.5
1.2
.9
.8
1.2
State of Singapore
do
.9
16.1
21.3
22.0
21.0
Indiado ._
26.9
2.3
3.5
3.1
3.1
Pakistan
_
do
4.0
113. 7
113.1
87.9
116.7
Japan
__
do
106.2
12 9
12.3
11.2
13.6
12.4
Republic of Indonesia..
do
37.4
31.2
26.4
27.3
27.1
Republic of the Philippines
do _
Europe:
34.8
38.2
35.7
36.3
33.2
France
do
2
2
.2
.3
East Germany
_
do
.4
80.1
71.3
80^7
West Germany___
_ _ do_ _ _
76.9
7o! 9
37.5
Italv
do
31.3
37.7
35.9
33.0
1.2
.9
Union of Soviet Socialist Republics
do
1.9
1.3
1.7
93.8
82.4
79.1
United Kingdom
do
83.7
74.8
T
J
Revised.
* Corrected.
Less than $50,000 t
% Re visions prior to Jan. 1962 for exports and prio r to Feb 1962 for imports will be s 1OW11
later.
9 Includes data not shown separately.
ISee S] milar no te on p. S-21.
c? Data for semimanufactures reported as "spec tal categ 3ry, type 1" are ncluded with
finished manufactures.
45. 5
r. '.j
53. 0
30. 6
109. 7
12.2
23. 8
46.8
.1
85.1
58. 5
185. 6
152. 9
111.7
279. 0
1,012.2
23! 4
!
402.0
66. 2
34. 0
151.5
24. 7
36. 3
1,287.8
91.0
141.9
30, 6
39.3
359. 4
19.9
35. 7
152. 7
23. 2
37. 8
1,301.5
88. 1
149.5
41.3
59.4
423. 3
14.9
33.3
105. 1
40. 9
193.6
37.4
48. 1
1,337.2
1,361.8
412. 5
12. 1
29. 4
98. 6
41.3
205. 5
39. 6
1,356.0
1,364.2
406. 7
9.9
26. 4
99. 7
42. 5
196. 6
43.5
59.2
1,341.7
1,476.4
66. 4
262. 7
31.9
366. 1
313. 3
109. 1
186. 1
50. 4
26o. 8
46.7
361. 5
318.0
109.5
199. 7
62.9
258. 0
37.4
367. 6
302. 5
105. 0
207.0
58.2
256. 5
36.3
417. 9
325.4
111.9
231.7
60.7
262. 2
45.3
419. 9
338.9
129.1
193.6
66.0
236. 7
40.9
388.6
295. 8
127.3
210.2
42.3
214.1
22.1
256.3
282.7
130. 5
167.0
77.6
251. 5
55. 3
393. 0
267. 2
136. 6
207.5
70.3
265. 1
42.4
433. 7
285. 3
131.3
' 234. 8
67.4
276. 7
31.2
413.6
327.3
146. 7
198.1
3.9
18.8
.9
15.6
1.1
28.6
.6
23.6
.4
23.3
1.2
16.9
.2
11.2
1.0
26.8
28"0
1.4
13.6
22.9
1.4
21.3
3.0
120.0
12.9
40.3
28.8
1.2
19.2
2.7
131.8
9.9
32.6
25.0
23.4
.9
20.6
2.9
128.5
9.8
23.9
33.2
1.2
20.7
3.2
123.6
9.7
26.6
31.1
24'. 2
2.7
129.7
8.9
22.9
22^5
3.1
98.1
11.0
27.6
16.2
1.1
16.6
2.0
109.3
7.6
13.8
41.0
1.2
32.7
5.2
104.4
12.7
25.4
22.0
1.1
25.2
5.4
124.4
8.9
25.6
18.7
1.3
25.2
3.6
127.2
9.3
31.6
36.5
.1
74.3
36.3
1.2
84.9
32.0
.2
79.9
41.7
2.1
80.7
31.0
.2
83.1
37.5
2.1
77.0
36.5
2
S3.0
43.0
1. 1
95.8
36.7
2
91.0
43.9
1.2
96.4
31.8
.2
92. 2
40.5
1.0
72.6
19.3
2
6L8
23.9
.4
54.0
33.6
33.2
77! o
83'. 6
46.7
1.3
100.8
34.2
_ 2
9L2
42.6
1.4
84.6
:::::::"
458. 1
237.5
496. 7
18.6
13.2
9.6
15.6
16.1
27.9
36.2
34.9
120. 7
124. 1
115.6
73. 1
14.0
49.2
49. 5
44.2
249. 6
215.9
99.6
236. 2
42. I
24.6
52.6
63.6
1,366.5 1.116.7 1.389.5 1. 462. 8 1.461.3
1,371.9 1,093.2 1. 493. 2 1. 484. 3 1. 423. 3
—
33.0
84^3
A Manufac tures of obacco a re includ ed in th<3 nonaer cultural products total,
§F xcludes "special category , type 1 ' export s.
* NTew ser ies. Dal a prior to Aug.
1960 nlay be o btained from Bu reau of (Census r sports,
O Efifc ctive wi th the A pr. 1962
SURVP'Y, the ii nport tol als and a ppropmite comp orients re fleet rev isions to include iiranium
ore an d concen trates. For certa in recent months the dat } by regions and countries exclude
impor ts unideritified bjr area of origin . ( See also note 4 fo r p. S-21.)
SURVEY OF CURRENT BUSINESS
Jun<> 1003
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
1962
Monthly
average
S-23
1962
Apr.
! May
j June
Julv
1963
Aujr. i Sopt. i Oct. i Nov.
i
!
i
!
Dec.
Jan.
Feb.
Mar.
Apr.
May
FOREIGN TRADE OF THE UNITED STATES— Continued
FOREIGN TRADE— Continued
Valuet— Continued
General imports, by lending countriesO— Con.
North and South America:
Canada
_ _ _ m i l . $~
272. 5
304. 7
292. 6
326. 1
338. 5
313. 0
do
267. 8
9419 9
263 8
306 7
266 8
255 0
do
--do
....do
do
do ___
do
do
8.5
46. 9
15. 3
8.8
45.1
15. 9
22. 9
.6
48 2
81.3
10.2
38. 8
11.4
18. 3
(i)
61.2
79. 2
8 0
41.9
27 7
9.8
35. 1
19. 6
37. 7
20 2
23. 2
2
59. 1
79.2
20. 4
i1)
36. 7
85. 1
22. 9
(')
36. 0
66 2
9.0
44. 2
4.9
29 6
0)
33. 1
80. 2
1,221.4 1, 354. 9
1,325.3
1,411.2
1,320.1
1,330.3
1,368.5
153.7
133. 8
285 8
288. 9
126. 6
144. 3
269 0
491. 3
276 8
132. 5
1 50. 8
280 7
489. 4
298. 8
136. 1
147.8
281 1
504 7
275.
136.
160.
268
504
4
3
9
3
5
264. 3
145.7
176.3
'?76 4
561. 5
296. 3
1 58. 2
187.0
288 9
539 3
259
169
159.
26S
480
3
0
6
0
5
262 3
114 ()
94.4
256 9
419 3
269 1
170 8
152.2
283 6
491 9
983 1
158 0
159. 0
9 9
9 0
596 1
280 2
161 0
152.7
319 8
547 1
232 6
374 0
353 0
348 2
13.1
83 9
18 0
44 1
95 \
1 7. 2
90 1
19 1
45 8
19 7
Latin American Republics total 9
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Venezuela
_
.
_
-
Import^ for consumption, totalO_
do
By economic classes:
Crude materials
__ _- do__
Cnide foodstuffs
-- do _
Mnnufnctured foodstuffs and beverages. -do
Finished manufactures
By principal commodities:
\griculturalproducts total 9
Cocoa (cacao) beans, inch shells
Coffee
-Rubber crude including guayule
SIICPT
Wool and mohair unmanufactured
302. 0
325. 3
338. 7
295.7
282. 5
267. 1
285. 2
327.1
2f>9 3
294 6
°74 7
288 9
9
43 6
2(~>8 5
r 394 Q
°98 3
9. 4
7.9
42. 5
21.3
38 9
(')
42. 0
80.4
9. 6
53. 9
8.4
14 5
0
51. 1
77. 1
10 8
56. 7
7 6
19 5
(i)
49.6
90 3
5 9
25 4
11 3
1° 0
(i)
49 6
89
OJ. 2
£
13 9
59 4
10 i
13 0
57 5
11 2
36 0
18 4
19 7
14 9
(i)
GO 0
85 9
37 6
9 9
31 8
(M
34. 6
(]}
56 9
89 s
o
61 6
77 4
1,345 4 1,424.1 1, 469.7 1 336. 4 1 139 2 1 367 0 1 4189 1 456 9
do
262. 0
143.1
133. 5
259. 0
423. 2
495. 9
484.9
280. 1
154. 0
160. 8
298 4
511.9
do
307.6
323.0
312.7
335. 9
288.0
300. 4
330 2
313 1
333.1
359 1
351 9
13.4
80.3
18.0
38. 2
16.5
11.0
82. 5
19.0
42.4
17.4
17 2
75. 2
18.5
38.2
16.1
12.6
82 2
21. 1
58. 3
15. 7
16.7
63.9
16. 0
46. 7
16. 3
17. 6
70. 4
20.7
54. 9
13.1
10.0
83. 3
19. 1
35. 4
17.0
3.5
87.2
16. 9
45 2
14 6
4.4
83.3
17.3
49.9
17.6
4.8
84. 1
21.9
54 1
19.4
6.3
98 2
19 3
43 f)
20 7
7
48
17
17
14
913.8
1,032.0
1,012.6
1,075.2
1,032.1
1,029.8
1,038.2
1,032.3 1,091.0 1,110.6
985 2
906 6
8.4
37.7
9.7
47.4
10. 5
43.9
8.9
56. 6
6 2
51. 4
5 6
51. 1
6.6
53.7
7.0
41.2
5.4
47.6
5. 5
49. 9
17 7
43 3
16 6
39 g
9 7
47 0
89.1
23.2
9. 9
2/./
57.2
136. 9
2 95 6
22.7
9 7
30.1
58. 0
147. 3
101. 7
22.1
11.0
29.1
54, 6
133. 5
101.0
23. 6
12.5
30.4
61.7
139. 8
89. 5
23.7
8.9
30. 4
63. 9
141. 5
2 103. 9
21.6
8.4
27.8
57 7
140.2
96.1
20.6
8.3
31.8
89.6
20.4
9.9
29.8
53. 2
146. 2
93.2
17.6
6.7
33. 6
68. 6
127.1
94. 5
24. 5
10.3
31.2
58.6
169. 9
82.0
22.7
7 6
26 6
60 3
156.7
7 8
25 9
45 7
186. 8
8 8
28 0
46 9
154.9
9
29
44
146.
5
1
3
6
59 8
58, 677
47 927
18 026
3, 722
2, 586
61,914
43 71 5
13 756
4, 008
2,755
56,488
40, 255
12,799
3,706
2,453
62, 735
46, 493
14,382
4, 264
2, 855
62, 393
46, 919
14, 191
4, 553
2,986
do
-do __
do
do
do _
N^onag r lcultural products, total 9
23. 0
2.9
44.8
74. 8
317.6
tlo
Furs and manufactures
do_
Iron and steel products
do
Nonferrous ores, metals, and mfs., total 9
mil. $._
Copper, incl. ore and manufactures. -do
Tin including ore
- do
Paper base stocks
.
- do~
Newsprint
- do
Petroleum and products
do
278. 5
148. 1
149. 8
282.7
142. 1
9
7
3
7
4
20
88
9
6
41
r 28
4
r
i
3
7
4
993 0 1 065 2 1 108 7
9 8
52 7
56 1
9 7
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Air Carriers
Scheduled domestic trunk carriers:
Financial operations
(qtrly. avg. or total):
Operatin0" revenues total 9
mil. $__ 514. 8
509. 6
Transport, total 9
-do
Passenger
do
32.2
Property
-do
12.9
U R mail
_.
do. _ _
512. 4
Operating expenses (incl. depreciation) ...do
d
6. 0
Net income (after taxes)
._
-_ -do
Operating results:
Miles flown (revenue)
thous.. 57,451 59, 409
37 131 r 45 297
TVT^y t S
11 ff r
do
12 248 13 580
'3,811
3, 996
Passengers originated (revenue).--do
2, 667
Passenger-miles flown (revenue)
mil-- 2, 475
Express Operations
Transportation revenues
Express privilege payments
mil $
— do
392.2
s 29. 1
395.9
329.3
20. 1
594
348.9
Local Transit Lines
Fares average cash rate§
cents
19.6
Operating revenues (qtrly avg or total) /\
mil $
347 4
Class I Motor Carriers (Intercity)
Carriers of property (qtrly. _avg. or total) :
Class I Railroads
Freight carloadings (AAR):cf
Total cars
Coal
Coke
Forest products
Grain and grain products
36.4
14.3
561.0
61,754
43 381
13' 492
4,296
2,746
62, 820
46 614
14 046
4, 145
2, 662
60, 280
44 2^8
13 064
4 286
2,963
610
20 1
con
20 1
580
357 7
1 350 3
1,276 7
79 3
r
r
58, 283
47 56i
I 9 980
4, 164
2. 929
do
mil
4 141
120 5
104 8
56 3
132 7
112 2
58 0
_thoiis_.
do
do
do
do
2,382
424
29
156
237
58, 182
48 228
12 512
3, 968
2,703
62, 562
53 997
14 275
4,114
2,655
57, 630
49 346
13 587
3,871
2,458
20 1
538
20 2
561
20 2
571
88.4
25.3
104.5
31.7
94 1
27.9
20.2
638
20.3
608
331.3
20.3
594
365.8
20 3
20.3
20.4
535
575
20.4
r07
2,470
499
32
165
241
1,908
2,031
2,661
2,240
423
33
143
210
608
992
141
141
2, 393
439
30
158
231
2,250
399
33
147
206
2,339
410
27
157
196
2,885
540
29
185
248
d
2
»• Revised.
Deficit.
i Less than $50,000.
Beginning
July 1962, includes data for
3
refined bauxite (imports for 1961 totaled $11.1
mil.).
Quarterly average.
« Number
5
of carriers filing complete reports for 1961.
Excludes intra-Alaska and intra-Hawaii.
t See similar note on p. S-22.
G See similar note on p. S-22.
9 Includes data not
shown separately.
ARevisions for 1961 are available.
55, 689
39 734
11 851
3, 710
2,660
95 3
29.8
20 0
559. 3
5 528. 1
9.4
4
965
1,234 4
1, 185. 4
71 6
Operating revenues total
mil $
Expenses total
do
Frei^h'*' carried (revenue)
mil tons
Carriers of passengers (qtrly. avg. or total):
Number of reporting carriers
Expenses total
Passengers carried (revenue)
604
5
597. 4
161 2
123 7
63.0
2,043
261
19
138
216
2,300
433
23
155
214
2,852
540
30
184
254
2,429
444
24
150
236
2,251
422
24
142
247
402
27
132
181
406
29
139
213
487
38
186
273
2,389
449
35
148
205
§Revised effective Jan. 1960 to reflect fares charged in U.S. cities with a 1960 population
of 25,000 or more; revisions for 1960 are shown in the Nov. 1961 SURVEY.
cTData for June,Sept. and Dec. 1962 and Mar. 1963 cover 5 weeks; other months 4 weeks
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through 1960
1961
1962
Month ly
average
edition of BUSINESS STATISTICS
June 1063
1962
Apr.
May
June
July
Aug.
1963
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Class I Railroads— Continued
Freight car-loadings (A AR)d*— Continued
Livestock
- - thous. _
Ore
do
Merchandise 1 c 1
_do_ __
Miscellaneous
-- do
Freight car-loadings, sens. adj. indexes (Fed. R.):f
Total
1957-59 = 100 .
Coal
-_ -_
do
Coke
do _ _
Forest products
do
Grain and grain products
do
Livestock
do
Ore
do. _.
Merchandise, l.c.l
do
Miscellaneous
do
19
145
121
1,252
18
144
97
1,277
17
100
97
1,251
16
194
94
1,244
13
275
116
1,480
9
212
85
1,102
12
203
90
1,169
27
221
110
1,486
36
152
90
1,296
24
95
82
1,214
15
63
91
1,363
11
41
70
1,044
9
52
75
1,109
14
77
96
1,491
13
79
73
1,266
13
185
71
1.284
191
87
78
95
104
71
83
61
92
i 92
90
81
97
101
67
83
49
94
96
93
93
98
107
79
83
52
98
94
93
80
101
103
70
87
51
95
90
87
71
95
94
52
87
51
92
90
87
69
94
81
56
84
49
93
90
92
77
95
98
62
79
47
91
90
89
74
94
98
67
75
45
89
90
88
69
95
101
73
69
45
92
94
91
68
98
110
68
79
45
96
91
84
75
94
100
59
76
44
94
88
86
79
92
90
50
69
42
92
95
91
81
98
111
52
91
41
96
95
88
84
99
107
60
101
40
97
97
99
94
95
109
62
66
39
99
97
101
106
%
109
56
82
38
98
Financial operations (qtrly. avg. or total):
Operating revenues, total 9
mil. $._ 2,296.8 2, 360. 0
1,934.2 1, 997. 7
Freight
do
156.2
154. 8
Passenger
do
1,817.8 1, 854. 6
Oneratinsf expenses
do
344.6
323. 9
Tax accruals and rents
- do
134.4
181.4
Net railway one-rating income
do
142. 8
96.1
Net income (after taxes^
do
2, 407. 9
2, 046. 3
157. 0
1, 883. 1
371 9
152 9
105 1
2,331.7
1,959.7
169. 3
1,832.0
334.9
164.8
125. 3
2, 404. 5
2.031.1
147.9
1,873.1
236.1
?95 4
274 6
Operating results:
Freight carried 1 mile (q trly.)
bil. t on-miles. _ 2 144. 5 2 151.9
21.373 2 1. 347
Revenue per ton-mile fcjtrl'v avg.)
cents
Passengers carried 1 mile, revenue (qtrly.) --mil.. 25. 064 2 4, 969
154. 6
1 352
5,037
150. 7
1.337
5,789
153.9
1.346
4,589
2. 238. 0
1 905 5
141 0
125. 8
Waterway Traffic
Clearances, vessels in foreign trade:
Total U.S. ports
thous. net tons.. 14,073
11,411
Foreign vessels
do
2, 662
United States vessels
do
Panama Canal:
Total
In United States vessels
__
thous. Ig. tons
do
Travel
Hotels:
Average sale per occupied room
dollars
Room^ occupied
% of total
Restaurant sales index
same mo. 1951 = 100..
Foreign travel:
U S citizens' Arrivals
thous
Departures
do
Aliens* Arrivals
do
Departures
do
Passports issued and renewed
_ do
National parks visits 5
do
Pullman Co. (qtrly. avg. or total):
Passenger- miles (revenue)
mil
14, 913
12, 066
2,847
14,045
11, 329
2,716
16, 396
13, 143
3, 253
15, 957
12,817
3,140
15, 286
12, 408
2,878
16, 501
13,336
3,165
15,932
12, 700
3,232
15,135
12, 309
2,826
14, 991
12,259
2,732
14,143
11,575
2,568
11,109
9,447
1,662
13, 831
11,337
2,494
14, 583
11,901
2,682
5, 445
823
5,490
855
6,103
832
6, 057
986
5,684
828
5,495
741
5, 167
830
4.932
720
4,889
896
5,177
1,013
5,422
713
4,118
547
4,876
531
5,610
744
5, 379
792
9.23
62
112
9.35
61
112
9.67
64
108
9.00
64
125
9.64
63
116
8.75
54
107
9.60
60
106
9. 66
64
111
10.14
69
111
9.82
59
106
8.90
47
109
9.00
59
105
9 26
62
113
8.87
61
116
9.67
63
107
174
168
111
93
71
2, 323
195
191
125
103
76
2, 678
170
183
121
95
107
1, 357
178
183
129
100
125
1,981
204
304
130
122
114
4, 861
265
282
149
126
85
7, 554
333
246
159
125
72
7, 573
250
189
177
129
186
156
134
112
52
1,920
152
129
107
97
44
955
140
146
102
105
40
635
143
142
100
70
71
551
148
176
89
74
75
692
210
761
12, 577
726
12, 076
740. 7
414.4
252. 0
441.4
126. 6
67.6
792.6
440. 0
270. 4
468.2
139.6
70.8
783.3
435. 4
267. 4
458. 5
135.4
68.6
796.8
438.8
278. 0
475.1
134.5
68.9
791.1
439. 7
269. 1
458. 8
138.3
69.0
786 3
436. 2
208. 5
401. 8
135. 1
69.4
810.6
440.7
285.8
473.5
141.1
69.6
782.6
441.1
256.8
458.7
134.7
70.0
816.7
452. 1
280. 6
487.8
"176.6
70.3
806. 0
450. 8
269. 5
481.4
141.2
70.5
815.7
451 . 8
276.3
487. 6
146.6
70.8
821.1
455. 4
280.6
485.6
143 2
71.0
797.1
452.5
257.0
465.7
140. 9
71 2
830.3
457. 3
285. 1
488.1
145. 7
71.5
22,144
20,004
1,029
22,010
20,197
582
21,989
19,614
1,013
23,011
20, 762
861
22, 366
20, 389
659
21, 259
20,d 854
828
22, 748
20, 996
600
20, 893
19, 703
214
22, 779
20, 564
1,240
21. 245
19,854
598
21. 866
20. 468
600
22, 890
21, d381
69
21, 759
20, 123
364
23, 044
20, 977
784
3,023
2,452
240
3,013
2,542
153
2,883
2, 463
96
3,145
2,581
257
2,902
2,444
161
2, 950
2, 623
d5
3,031
2,534
191
2,786
2,470
20
3,169
2,612
243
2,969
2,602
54
2,931
2, 483
90
3,119
2,605
179
2 873
2,510
45
3,053
2,681
30
4,471
3,453
857
4,675
3,675
817
4,460
3, 536
739
4,808
3,699
919
4,719
3,734
801
4,607
3, 697
726
4, 684
3,743
761
4,524
3,626
706
5,101
3,872
1,036
4,685
3,767
740
4,718
3,911
631
4, 813
3,869
727
4.421
3,686
549
5. 000
3,724
1.092
3, 288
113
108
928
139
1,433
149
706
12. 159
635
10 702
793
13 035
707
11,694
._
COMMUNICATIONS
Telephone carriers:
Operating revenues $
mil $
Station revenues
do
Tolls, message
do
Operating expenses (before taxes)
do
Net operating income O
do
Phones in service end of year or mo
mil
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues
thous $
Operating expenses incl depreciation
do
Net operating revenues
do
Ocean-cable:
Operating revenues
do
Operating expenses incl depreciation
do
Net operating revenues
do
Radiotelegraph:
Operating revenues
do
Operating expenses, incl depreciation
do
Net operating revenues
do
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
.Inorganic chemicals, production:!
Acetylene
mil. cu. ft_.
Ammonia, synthetic anhydrous (commercial)
thous. sh. tons_.
Carbon dioxide, liquid, gas, and solid
do
Chlorine, gas
do
1,128
1,093
1,094
1,102
1,139
1,067
496.0
100.6
427.5
471.1
105. 7
438.9
464.2
107. 8
441.1
470.5
92.1
428.2
489.1
89.6
444.9
504.4
77.5
441.9
524.2
75.4
439.3
501.3
72.7
434.1
501.6
68.3
406.8
91.0
88.1
89.1
89.1
Hydrochloric acid (100% HC1)..
do....
75.8
292. 3
303.4
277.9
305.9
Nitric acid (100% HNO 3 ).___
do
281.6
7,782
Oxygen (high purity)
mil. cu. ft_. 6,555 3 8, 347
8,577
8,083
200.4
232.5
209.4
188.4
Phosphoric acid (100% P2Os)
thous. sh. tons.. 187.8
r
3
Revised.
1 Based on unadjusted data.
2 Quarterly average.
Beginning
Feb.
d
1962, data include quantities for 14 plants not previously reporting. ° See note O.
Deficit.
cfData for June, Sept., and Dec. 1962 and Mar. 1963 cover 5 weeks.
fRevised (effective with Dec. 1961 SURVEY) to new base period; see corresponding note
in Mar. 1963 SURVEY.
90.4
278.0
7,433
177.5
89.6
299. 7
8,103
195- 5
90.0
303. 7
8,129
195.0
92.5
319.1
8,849
211.2
93.1
334.9
8,945
202.1
84.8
341.8
9,490
192.9
83.6
362. 9
9,547
217.7
77. 4
341.7
9.141
218.2
968
1,093
1,102
1,133
433.9
76.0
383.4
481.6
85.7
428.6
508.3
75.4
423.1
510. 7
96.9
432.8
1,105
§Data beginning Jan. 1963 include visits to new park; comparable figure for Apr. 1962,
1,391,000 visits.
9 Includes data not shown separately.
O Figure for Oct. 1962 reflects adjustment of
Federal income tax provisions for 10 months of 1962 occasioned by Revenue Act of 1962.
^Scattered revisions for 1959, 1960, and Jan.-Oct. 1961 are available upon request.
June 1963
SURVEY OF CUE-RENT BUSINESS
1961
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1962
Monthly
average
S-25
1962
Apr.
May
June
July
1963
Sept.
Aug.
Oct.
Dec.
Jan.
Feb.
465. 9
349 1
10 7
462.4
344 2
10 6
452.8
348 7
10 7
426 9
41.3
40.8
44.0
Nov.
Mar.
Apr.
93.5
106 9
2 5
103 4
2 4
May
CHEMICALS AND ALLIED PRODUCTS—Continued
CH EMICALS— Continued
Inorganic chemicals, production:]: — Continued
Sodium carbonate (soda ash), synthetic (58%
NagO)
- thous. sh. tons.
376. 4
383. 9
10. 6
10.1
Sodium bichromate and chrornate
do__ .
455. 2
Sodium hydroxide (100% NaOH)
do
409. 5
Sodium silicate (soluble silicate glass), anhydrous
thous. sh. tons_
46. 1
43.8
Sodium sul fates (anhydrous, refined; Glauber's
94.6
101.7
salt; crude salt cake),-.thous. sh. tons..
1,487.3 1, 593. 1
Sulfuric acid (100%) JB^SO*)...
do
394.1
11. 5
454. 9
404. 1
11 1
464. 3
400. 4
10. 8
459. 9
368. 3
10 8
467. 1
51.6
55.1
42.7
106.5
106. 2
94.2
675 9 1, 692. 3 1,502 3
390.4
9 6
469. 7
378 4
9 5
451. 2
391 4
11 8
474.6
36.8
44.8
42 3
95. 9
1 438 4
100. 6
499 9
378 9
9n
53.7
50.2
103. 5
99 2
1 466 8 1 635 7
100. 9
1 649 7
99. 5
97.3
88.4
654 3 1 678 5 1 563 4
Organic chemicals :cf
Acetic acid (synthetic and natural), production
mil.lh..
Acetic anhydride, production
do.
Acetylsalicylic acid (aspirin) , production. ,_do __
65. 3
105.0
1. 9
81.7
103. 7
2.3
752 !
102 '>
85. 6
105 0
2.4
79.4
107.4
2.0
77,2
101.5
1.8
86.1
103. 9
2.3
81.1
108 8
2 1
79. 5
10 r) 1
91.9
99 5
89.5
114 6
9 4
Alcohol, ethyl:
Production (incl. spirits)
mil. tax gaL_
Stocks.end of month (incl. spirits) __
do
Used for denaturation-- __ _ _
_ do_ _
Taxable withdrawals (incl. snirits) _ _ do__ -
52, 1
138.9
43.2
5.1
52. 4
151. 3
42.3
5.3
52. 1
153. 1
40 8
4.8
50. 3
151. 5
44 6
5. 5
50. 4
154. 0
42.7
5.4
49.3
1 58. 1
39.1
4.4
45. 5
157. 6
41.5
5. 1
49. 5
147. 1
40. 0
5. 7
65 5
150 7
43 5
52. 6
144. 7
41.4
G. 4
58
156
41
4
mil. wine gal
do
do
23.4
23. 4
6.2
22. 9
23. 0
3.9
21 7
21.4
5. 7
24 0
24.8
5.0
99 t)
21.1
21.3
3.8
99 4
23. 9
4.1
24.0
21 5
21.4
2.3
93 g
23. 4
2.1
mil gal
mil. Ib
do
7.3
14.3
8.5
13. 9
8.1
8 6
12 1
7. 3
8 0
14 5
7 9
13. 4
12.4
16.1
5.2
8. 1
1 5. 7
9.0
7 8
14 0
6.6
98. 6
146. 0
100.9
166. 7
88 8
165. 3
98 4
172.2
103 6
164. 1
1 1 9. 1
150. 2
l'>2. 0
109. 0
22.4
34.3
20.8
32.7
21. 2
36.1
18.8
33. 7
21.1
35. 4
17.8
32. 3
.1
25.6
31.7
.1
28.0
34.4
.1
27.9
33 7
.1
28.0
31.5
.1
26.5
33.3
538
31
429
64
602
67
448
71
684
128
464
76
635
98
466
58
228
123
41
13
36
253
129
36
18
51
397
230
69
24
59
287
ISO
173
197
227
414
227
415
127
82, 424
102
92, 400
145.8
86. 5
s 59. 3
152. 7
89.8
62. 9
166. 7
102.0
64.7
188.0
114.3
73.7
178.3
108.0
70.3
164.5
104. 4
60. 1
179. 2
113. 0
66. 2
153. 2
93.2
60.0
156. 2
88.4
67.8
132.1
71.0
61.1
110.3
57.3
53.0
s 129. 0
5 68. 0
561.0
519
4,098
489
4,837
447
4,779
474
4, 761
467
4, 751
473
4,777
514
4,818
499
4,862
512
4,897
499
4,872
497
4, 938
504
4, 963
13- 2
13.2
14.2
14. 2
Alcohol, d e n afcu r e d :
Production
Consumption (withdrawals)
Stocks, end of month
.
Creosote oil production
DDT production
Ethyl acetate (85%), production
Ethylene < r lycol production
do
Formaldehyde (37% HCHO), production. _do
Glycerin, refined, all grades:
Production
__ _ _
do_ _
Stocks, end of month
__
do
Methanol , production:
Natural
mil. gaL
Svnthetic
---- do ___
Phthalic anhydride production
mil Ib
87.0
98 7
2 0
81 6
84 6
2 2
7
8
6
6
61. 0
165 1
46 5
5 0
22.8
21. 9
3.0
22 9
22.7
3.2
2r> 0
"s.i
93 9
22.8
3.5
93 (\
24.8
2.3
7 9
15 5
7 o
7 5
14.7
10.7
8 1
13 5
6 3
7 6
14 9
6 9
6 7
15 6
11 3
7 1
17 "
8 0
81
17 ''
9 4
106 4
166.0
11° '•)
188.3
114.4
179. 0
117 9
169.8
194 4
167. 8
116 9
186. 9
113 s
214.0
1176
212 8
21.1
30. 8
18 3
27.8
19 ()
25 8
23. 0
30. 5
95 6
32 8
23 1
32. 9
1« 8
30 3
°2 5
29 (i
99 r\
.1
29.8
33.6
.1
28.3
33.2
.1
28 2
34 8
.1
36 1
.1
27.8
35.8
1
29 9
38 4
.1
27.0
35 2
1
26 6
r 39 Q
26 4
41 0
28 6
39 1
543
24
444
47
563
10
428
99
699
60
547
82
653
51
504
66
698
74
547
68
565
80
397
63
475
33
370
51
285
16
213
54
767
92
600
46
523
58
390
57
34
14
10
195
129
51
13
10
229
1 133
33
24
09
199
84
20
19
49
232
84
22
23
71
215
110
27
20
43
232
92
29
14
77
218
79
12
2?
72
197
96
20
17
44
315
135
44
33
97
302
113
8
23
97
421
175
35
13
149
365
258
60
123
226
142
225
113
199
308
167
284
248
302
255
253
204
316
170
382
202
418
207
418
241
426
253
479
230
505
261
505
••247
"•490
270
397
9<) 9
52
167
43
4
2
3
2
2
53
164
43
5
4
v
8
3
97 6
FERTILIZERS
Exports total 9
Nitrogenous mate r ials
Phosphate materials
Potash materials
- __
thous. sh. tons_.
do
do_ -do
Imports total 9
Nitrogenous materials, total 9
Nitrate of soda
Phosphate materials
Potash materials
-
do
do
do
do
do
Potash deliveries (KsO)
do
Superphosphate and other phosphatic fertilizers
(100%, P205)-.1
Production
thous sh tons
Stocks end of month
do
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments:
TT-
1
.V
„•
T
Aa
Paints, varnish, and lacquer, factory shipments: 1
Total shipments
_.
mil. $ _ _
Trade products
do
Industrial
finishes
_
do. __
Sulfur, native (Frt-isch) and recovered:!
Production
thous Ig tons
Stocks (producer^') end of month
do__
3
2 379
2300,657
62
35
83
91, 583 101 886 100, 792
2424
2281.08(
|
2 927
2245,522
r
73. 7
57.8
152. 6
89. 2
63.4
431
4,941
482
4,199
11 7
-ion
131. 5
r
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:©
Cellulose acetate and mixed ester plastics:
Sheets, rods, and tubes
mil. lb_.
Molding and extrusion materials
do
Nitrocellulose sheets, rods, and tubes _ _ _ _ _ _ d o
4.8
7. 5 [
.1
12. 9
Phenolic and other tar acid resins
Polystyrene
Urea and rnefamine resins
do
do
do
88.8
33.3
* 104. 0
439.9
105.5
38.8
113.2
41.9
107.3
41.5
48 9
94.7
33.2
60 1
102.3
40.7
57 9
105. 1
42.0
61 4
109.0
44.1
58 9
106. 1
39.6
55 3
99.6
38.3
61 2
98.3
42.0
53 0
100.5
40.5
121.6
44.7
Vinyl resin^
Alkyd resins
do
do
105.0
45.1
12 3
128.3
41.0
122.4
42.8
130.6
47.0
131.1
46.1
116.3
40.2
131.9
44.3
133.9
38.1
138.9
42.3
132.1
38.4
128.4
>-33. 9
134.4
42 2
129.4
39.3
144.7
45.0
Polyester resins
do
Polyethylene resins
_
do
Miscellaneous (incl. protective coatings) _ _ _ d o
16.1
133.9
41.5
16.8
168.0
18.7
166.7
20.2
170.9
18.6
170.6
13.8
172.7
18.3
170.8
15.1
170. 1
18.6
176.6
15.7
170.3
14.5
170.8
18.8
166. 3
18.4
159.5
21.9
189.3
f Revised.
* Beginning July 1962, excludes ammonium phosphate formerly included.
2 Quarterly total.
3 Beginning Jan. 1961, trade sales of lacquers (formerly shown with
industrial finishes) are included under trade products.
* Beginning Jan. 1962, data include
protective coatings (formerly excluded); amounts of these for Jan. 1962 are as follows (mil.
Ib.): Phenolic, 2.5 (incl. some rosin modifications no longer shown separately); polystyrene,
6.0; urea, etc., 3.8.
« Beginning Jan. 1963, data based on expanded sample; data for Oct.Dec 1962 on new sample (mil. dol.): Total shipments, 159.9; 138.3; 114.4; trade products, 90.6;
75.6; 60.5; industrial finishes, 69.3; 62.7; 53.9.
I
63 1
_
._
1
JSee similar note on p. S-24.
cf Data (except for alcohol) are reported on the basis of
100% content of the specified material unless otherwise indicated.
9 Includes data not shown separately. IRevisions for 1960-Apr. 1961 for superphosphate
and for Jan.-Mar. 1961 and Jan. and Feb. 1962 for paints, etc., will be shown later.
fRevised effective with the Jan. 1962 SURVEY to include recovered sulfur.
0Beginning July 1961, data are not strictly comparable with those for earlier periods
because of the inclusion of companies formerly notSreporting; monthly averages are based on
reported annual totals.
SURVEY OF CURRENT BUSINESS
S-26
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
1962
Monthly
average
June 10G3
1962
Apr.
May
Juno
July
Aug.
1963
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total O
mil. kw.-hr
Electric utilities, total.
do....
By fuels
-do
Bv waterpower
do
73, 226
66, 003
53, 349
12, 654
78, 588
70, 993
56, 982
14 Oil
73, 528
65, 873
49, 873
16 001
78,071
70, 241
55, 020
15 221
77,819
70, 1 64
56. 397
13 767
80, 322
72, 933
59, 479
13 453
84, 093
76, 439
63, 226
13 213
77,018
69, 680
57, 895
11 985
79, 784
72, 002
58, 926
13 076
78, 109
70, 656
57, 099
13 557
82 702
75, 312
61,250
14 062
86, 509
78, 835
64, 908
13 927
77, 123
69, 990
57, 323
12, 668
81, 530
73, 720
58, 455
r
l5 266
78, 273
70, 535
55, 681
14 854
Privately and municipally owned util _ do
Other producers (publicly owned)
do
53, 636
12, 367
57, 694
13,299
53, 103
12, 770
57, 053
13, 188
57, 260
12,904
59, 281
13, 651
62, 424
14, 015
56, 774
12,906
59, 150
12, 853
57, 452
13, 205
60, 940
14, 372
63, 804
15, 031
56, 543
13,447
59, 661
14, 059
57, 451
13. 084
-do
do
do
7,223
6.942
280
7,594
7,306
289
7,654
7,318
336
7,829
7, 507
322
7,655
7.373
282
7,390
7,143
247
7,654
7,405
249
7,338
7. 106
233
7,782
7,496
286
7,452
7,163
290
7,390
7 093
297
7, 675
7,362
313
7,133
6,842
290
7,810
7,486
324
7,738
7,424
314
do
60, 061
64, 674
62, 143
62, 216
64, 056
65, 184
67, 269
66 917
64, 913
64 215
66 077
69, 608
68, 668
67, 920
do
do
11,239
28,952
12,008
31, 160
10,958
30, 384
11, 273
31, 443
12, 475
31, 527
13, 102
31,197
13,418
32, 285
13, 354
32, 092
12, 268
32, 215
11 803
31 450
11 840
31, 201
12, 073
31,641
12,018
30, 959
12, 076
31,982
do
do
do
do
do
390
17,418
564
1,370
i 128
393
18. 868
612
1, 529
104
391
18,308
574
1,443
84
363
17,006
540
1,489
103
355
17, 513
515
1,564
106
350
18 364
524
1 528
119
360
18, 978
566
1. 535
128
347
18. 879
601
1.534
111
375
17,714
651
1,577
112
398
18 183
695
1 589
96
466
20 145
730
1 605
88
447
22, 914
743
1,694
96
430
22, 756
669
1,739
97
435
21,050
652
1,601
123
Industrial establishments, total
By fuels
By waterpower
__
Sales to ultimate customers total (EEI)§
Commercial and industrial:
Small light and power
Large light and power
Railways and railroads
Residential or domestic
Street and highway lighting
Other public authorities
Interdepartmental
--
-
Revenue from sales to ultimate customers (Edison
Electric Institute) §
mil.$.. 1,014.1 1, 085. 4 1,041.6 1, 040. 5 1,079.7 1. 102. 6 1, 125. 9 1,128.3 1,089.8 1 077 0 1, 102. 5 1,158.0 1,150.1 1,119.5
GAS
Manufactured and mixed gas (quarterly) :}cf
Customers end of Quarter total 9
thous
Residential
do
Industrial and commercial
do
2,071
1,937
133
2 030
1,900
129
2, 056
1,924
131
1 987
1,862
124
1 988
1 862
125
563
401
158
585
414
167
484
324
159
287
155
130
609
433
170
70.7
54.4
15.9
71.5
54.9
16.3
61.0
45.7
15.0
37 3
25.6
11 7
73 9
56 8
16 7
thous- - 31, 661 32, 531
do -- 29, 093 29, 891
2,602
2,533
do
32, 249
29, 656
2. 556
32, 290
29, 728
2,524
33. 102
30 379
2.684
mil. therms-- 23, 397 24, 828
do -- 7,894 8,407
do__-- 14, 272 15, 197
22, 556
6,852
14, 648
17, 964
2,795
14,030
25 033
8 204
15.562
Revenue from sales to consumers, total? ..mil. $. 1,424.7 1,529.2
787.8
842.2
Residential
do
595.1
645.6
Industrial and commercial
do
1, 362. 6
720.7
606.3
934.4
375.5
523.4
1,541.0
835 8
661 2
Sales to consumers, total?
Residential
Industrial and commercial
mil. therms -do -__do__--
Revenue from sales to consumers, total 9
Residential
Industrial and commercial
- -
Natural gas (quarterly) :tcf
Customers, end of quarter, total? _
Residential
Industrial and commercial..
Sales to consumers total 9
Residential
Industrial and commercial
mil $-do -do
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
7 38
7.92
8.07
8.35
9.76
9.96
9 90
Production
._
mil. bbl
9 06
7 41
7.42
Taxable withdrawals..
__
do
7.60
9.22
7.46
9.06
9.19
7.42
9 18
7 17
Stocks, end of month
do___
10.61
11.20
10.46
11.07
11.39
11.49
10 29
10 07
10 80
Distilled spirits (total):
Production
mil. tax gal-- 15.35 12.90 13.16 15.94 12.69
6.43
8.34
14.84
10.17
Consumption, apparent, for beverage purposes
mil. wine gal.. 20.12 21. 14 18.64 21.15 20.43 18.67 20.42 19.40 23.83
Taxable withdrawals..
mil. tax gal-- 10.04 10.27
10.86
8.29
9.38
10.70
M). 66
9.82
14.62
Stocks, end of month
do
861. 48 882. 72 885. 90 890. 60 890. 21 886. 81 882. 85 879. 54 875. 83
3.60
Imports
.mil. proof gal-3.25
3.55
2.90
3.03
2 90
4.06
5 29
3 28
Whisky:
9.41
Production
mil. tax gal-- 12.13
12.13
8.83
3.42
10.28
6.16
5.32
8.71
Taxable withdrawals
do ._
7.18
7.08
6.44
7.03
5.02
6.54
7.82
6 58
11.06
Stocks, end of month
do
837. 84 859. 13 862.36 867. 44 867. 55 864. 49 861.04 856. 98 851. 27
Imports
mil. proof gal-- 2.87
3.09
2.55
2.70
2 57
3 18
4 75
2 88
3 58
6 50
6 75
9 38
6 81
6 55
9 22
7 57
6 35
10 00
6 60
5 75
10 43
8 11
7 22
10 82
12.96
14.26
14.40
12.27
14.24
26.71
12.70
874. 62
5 45
29.83
8.61
876. 00
4 20
17.77
8.69
879. 27
2 62
17.00 1 21.95
8.37
10. 18
881. 44 882. 88
2 86
3 47
10. 13
9.63
849. 18
4 81
9.68
6 33
850. 47
3 69
11.74
5 98
854. 33
2 29
10.47
6 10
856. 70
2 53
11.04
7 05
858. 20
3 04
Rectified spirits and wines, production, total
7.54
7.51
7.20
6.21
mil. proof gal- - 7.05
5.62
9.31
7.21
10.69
6.78
6.32
6.49
5.58
7.01
Whisky... _
do .. 5.32
5.60
5.44
5.33
4 12
7. 12
5.27
4.48
8 29
4 51
4 83
4 59
4 16
5 13
Wines and. distilling materials:
Effervescent wines:
.34
Production
mil. wine gal-.32
.37
.49
.16
.35
.46
.36
.37
.34
.30
.33
.48
.47
Taxable withdrawals...
do
25
.31
.32
.30
19
.22
.35
.26
50
49
26
56
24
19
Stocks, end of month
do ._
9 gg
2.64
2 43
2.79
2.93
3 06
3.08
2.76
2 48
3.10
3 15
2 91
2 62
2 75
Imports.. _
do
.08
09
.07
.08
.05
06
09
16
15
06
04
05
05
14
Still wines:
9 QC
Production
do
14 00
2 64
15 78
2 15
1 07
1 67
59 71
6 15
86 89
5 66
3 85
14 79
3 41
Taxable withdrawals..
do
12.98
12.52
11.93
12.14
12.10
11.72
9.16
15.02
12.28
12 95
12.78
15.26
12.19
14.87
Stocks, end of month.
_
do
175. 82 178. 89 164.42 151.03 141.87 131. 76 123. 99 173.62 241. 60 239 38 224 60 214 CO r201 99 191 37
Imports
do ..
92
93
1 06
1 31
1 60
1 01
1 24
88
78
1 08
52
86
1 ^9
1 05
Distilling materials produced at wineries.. _do
27.61
31.27
1.70
2.56
1.47
1.58
19.66 139. 50 144. 34
5.21
9.46
39.81
2.05
1.95
T
Revised.
JRevised 1961 data by quarters will be shown later. Data for manufactured and mixed
1
Beginning Mar. 1961, data include sales not previously reported.
gas include Hawaii (beginning 1960); for natural gas, Alaska (beginning 1961).
O Revisions for 1960-1961 appear on p. 32 of the June 1963 issue of the SURVEY.
cfThe averages shown for gas are quarterly averages.
§ Includes data for Alaska and Hawaii.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
June 1963
Unless otherwise stated, statistics through 1960
and descrintive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961 | 1962
Monthly
average
S-27
1962
Apr.
May
June
July
Aug.
1963
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS
Butter, creamery:
Production (factory) J
Stocks, cold storage, end of month
Price, wholesale, 92-score (N.Y.)
Cheese:
Production (factory), total J
American, whole milkt
_.
mil. Ib
do
$ per lb_
123.7
181.5
. 612
128.5
363.4
.594
147.5
345.4
. 586
166.7
386.9
.586
152. 6
429.4
.584
122.4
469.0
.588
104.3
456.4
.590
92.4
423. 5
.596
106.7
384.2
.587
105.3
344.8
.590
116.4
318.7
.589
130.5
310.9
.586
120.6
328.3
.586
134.0
345. 5
.586
139 0
358.2
.587
mil. Ib
do
135. 9
95.4
130. 9
91.2
139.1
98.6
167.5
126.4
168.0
126.5
145.5
107.3
131.0
93.8
118.9
82.7
119.1
78.7
109.2
70.2
117.2
73.2
115.5
75.7
109.5
71.9
128.6
84.9
144 3
101 9
429.8
Stocks cold storage, end of month, total
do
379. 5
American, whole milk
do
6.3
Imports
do
Price, wholesale, American, single daisies (Chi.409
cago)
$ per Ib
Condensed and evaporated milk:
Production, case goods :t
5.8
Condensed (sweetened)
mil. Ib
176.5
Evaporated (unsweetened)
do
Stocks, manufacturers', case goods, end of mo.:
6.0
Condensed (sweetened)
mil Ib
243.6
Evaporated (unsweetened)
do
Exports:
3.9
Condensed (sweetened)
do
7.6
Evaporated (unsweetened)
do
Price, manufacturers' average selling:
6.30
Evaporated (unsweetened)
$ per case
Fluid milk:
Production on farmsf
- mil. Ib 10, 454
4,267
Utilization in mfd dairy productscT
do
Price, wholesale, U.S. average
$ per 100 lb_. 4.22
Dry milk:
Production^
6.8
Dry whole milk
mil. Ib
167.8
Nonfat dry milk (human food)
do
Stocks, manufacturers', end of month:
6.4
Dry whole milk
do
136.6
Nonfat dry milk (human food)
do
Exports:
1.5
Dry whole milk
do
21.0
Nonfat drv milk (human food)
do
Price, manufacturers' average selling, nonfat dry
.154
milk (human food)
$ per Ib
GRAIN AND GRAIN PRODUCTS
90.5
Exports (barley corn oats rye wheat) mil bu
463. 4
420.4
6.5
441.0
390.8
6.4
460.1
416.2
7.8
497.0
454.5
6.1
526. 6
483.8
4 5
520.5
481.8
5.1
493. 1
457.1
5.8
454.9
421.4
5.6
438. 8
398.6
9.0
422. 1
384.2
9.6
395.9
359. 2
3.8
360.0
325. 4
6.4
343.4
309.3
9.2
351.0
313.5
.400
.394
.392
.392
.392
.392
.392
.406
.408
.409
.418
.422
.424
.425
6.4
160.3
5.2
177.3
8.3
225.5
6.8
215.0
7.2
188.5
6.7
171.5
5.9
140.3
7.8
143.0
7.2
134.0
5.8
143.0
5.0
135.8
4.5
123.0
6.3
145.2
6.9
190.0
5.0
178.4
6.2
95.8
6.2
163.0
3.7
221. 5
4 3
258. 9
4.8
271.3
5 6
262.7
5.7
229.1
6.5
174.2
4.5
141.4
4.9
120.2
5.1
93.0
5.3
59.7
5 5
93.4
4.0
5.5
.4
2.4
4.7
2.5
5.9
6.3
4.0
5.4
4.1
6.1
2.5
2.6
5.6
9.6
5.9
7.4
3.6
2.6
3.4
2.2
3.2
2.6
4.0
4.6
..
Barley:
1
otocKS ( o estic;, e 01 q ri , roc
Off f
" ~
dn
Exports including malt 5
do
Prices, wholesale (Minneapolis):
No 2 malting
_
$perbu._
No 3 straight
do
Corn:
Grindings wet process
do
Stocks (domestic), end of quarter, total
On farms
do
Exports, including meal and
flour
do
Prices, wholesale:
No 3, yellow (Chicago) _
$ per bu
Weighted avg., 5 markets, all grades ..do. _.
Oats:
Production (crop estimate)
Stocks (domestic) 6nd of Quarter total
Off farms
Exports, including oatmeal
_
Price, wholesale, No. 3, white (Chicago)
mil bu
do
do
do
$per bu_-
Rice:
Production (crop estimate)
mil bags 9
California mills:
Receipts domestic rough
_
mil Ib
Shipments from mills milled rice
do
Stocks, rough and cleaned (cleaned basis), end
of month
mil Ib
Southern States mills (Ark., La., Tenn., Tex.):
Receipts rough from producers
mil Ib
Shipments from mills, milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis), end of month
__ mil Ib
Exports
do
Price wholesale Nato, No 2 (N O )
$ per Ib
395. 7
6.11
6.16
6.07
6.03
6.02
6.03
6.05
6.05
6.05
6.05
6.03
6.03
6.02
6.03
10,494
4,291
4.11
11,232
4,809
3.90
12, 429
5, 609
3.76
11,926
5, 275
3.72
10,912
4,349
3.87
10, 191
3,797
4.04
9,636
3,370
4.22
9,740
3,674
4.35
9, 345
3,541
4.40
9,813
3,859
4.30
10, 043
4.147
4.24
9,470
3, 850
4.17
10,907
4,349
4.05
11, 149
4 683
3.87
6.7
180.9
7.5
214.3
9.7
253.0
7.7
236.5
4.7
182.1
5.5
148.4
6.0
127.5
5.9
136.0
6.8
140.5
7.1
167.4
8.7
171.5
8.0
165. 4
6.9
190.4
4.9
217.9
6.3
123.4
7.1
130.8
7.4
155. 9
7.7
168.8
7.6
142.2
5.5
118.7
4.2
107.2
4.9
86.4
4.6
83.5
5.1
99.0
7.0
96.6
6.8
92.0
5.4
86.0
5.2
98.0
1.1
25.5
1.5
18.9
1.0
25.2
2.3
31.6
.6
30.0
1.9
20.9
1.3
22.6
1.8
20.8
.2
25.3
.9
29.7
2.2
8.9
15.5
24.2
3.7
63.7
.148
.147
.143
. 142
.142
.142
.143
.143
.144
.144
.144
.144
.144
96.9
101.3
129.1
111.2
86.2
90.3
87.9
74.0
83.1
97.8
34.7
99.4
106.8
1
429. 5
2283.2
2
159. 2
2
124. 0
8.3
9.2
16.6
3123.7
348.0
375.8
10.4
4.7
5.3
449 1
277 3
171 7
6.6
9.9
6.6
343.0
212.3
130.7
7.2
4.3
4.7
232.5
129.1
103. 3
3.2
1.31
1.23
1.26
1.20
1.34
1.28
1.26
1.21
1.22
1.18
1.19
1.14
1.16
1.09
1.13
1.07
1.20
1.13
1.20
1.14
1.17
1.12
1.18
1.12
1.18
1.12
1.20
1.14
1.22
1.14
3, 644
14.3
14.9
14.8
14.8
14.2
15.7
13.9
15.3
14.1
12.9
13.9
13.0
15.5
15.1
33.4
32.8
31,640
3565
31,074
22.9
24.9
41.8
4,224
2,972
1,252
35.5
12.2
33.1
3,040
2,002
1,038
36.5
1.12
1.10
1.10
1.07
1.11
1.09
1.10
1.10
1.07
1.06
1.12
1.14
1.18
1.18
1.19
1.17
1.22
1.16
1
2 3, 246
21.783
2 1. 463
24.5
2
2
2
2, 930
1, 809
1, 122
35.5
36.3
42.1
2, 473
1. 549
924
39.4
1.11
1.06
1.11
1.08
1.12
1.08
1.15
1.11
1.14
1.11
11.011
i 1,032
2657
2 576
2
632
2
558
2
281
978
869
109
8277
3 229
348
74
1.25
1.16
1.20
1.14
1.23
1.16
.73
.74
494
432
62
778
701
77
1.7
2.5
.2
4.6
6.4
2.2
5.1
5.0
2.6
2.5
.7
1.5
.7
4.67
.69
.72
.73
.69
.65
.64
.67
.65
.72
.77
.75
.76
i 54. 2
164.5
110
71
126
79
121
110
100
68
73
80
74
37
68
53
57
43
177
39
157
76
118
56
189
138
140
146
1.0
(5)
154
90
165
140
104
97
92
90
56
67
45
35
111
140
167
165
128
152
128
317
209
364
255
54
222
25
212
30
187
22
207
437
179
1,267
269
1,272
345
494
342
274
258
152
213
218
334
206
'290
142
239
826
148
4.086
866
193
.094
732
231
,098
550
223
.098
391
183
.098
208
145
.096
321
86
.088
885
133
.088
1,383
185
.090
1,374
211
.090
1.303
214
.095
1,196
201
.098
1,015
255
.098
870
352
p. 098
729
1.16
1.14
33. 4
1.17
1.16
1.19
23.8
1.23
1.27
1.25
15.4
1.23
Rye:
Production (crop estimate)
.- - mil. bu_. i 27. 5 i 41.2
219.9
221.0
37.9
Stocks (domestic), end of quarter, total. __do
1.22
1.24
1.21
1.25
Price, wholesale, No. 2 (Minneapolis) .._$ per bu_. U.20
r
Revised.
*>
Preliminary.
1
2
Quarterly average.
3 Crop estimate for the year.
Old crop only; new crop not reported until beginning of new crop year (July for barley,
oats, rye, and wheat; Oct. for corn).
* Average based on months for which quotations are
available.
* No quotation.
*> 3. 76
.144
2292.8
2 155.0
M37.8
5.4
i 3, 626
13.1
12, 295
1.26
1.21
^Revisions for 1960 appear in the Oct. 1961 SURVEY; those for Jan.-May 1961 are available
upon request.
1 Beginning Jan. 1960, includes data for Alaska and Hawaii.
cfRevisions for Jan. 1955-Sept. 1960 are available upon request.
§Excludes a small amount of pearl barley.
9 Bags of 100 Ib.
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
1962
Monthly
average
June 1963
1962
Apr.
July
June
May
Aug.
1963
Sept.
Oct.
Nov.
Dec.
Feb.
Jan.
Mar.
Apr.
May
FOOD AND KINDRED PRODUCTS; TOBACCO^Continned
GRAIN AND GRAIN PRODUCTS— Con.
Wheat:
Production (crop estimate) total
Sprint wheat
Winter wheat
mil bu
do
-do
i 1, 235 i 1,092
i 275
i 160
i 816
i 1 ,075
2315
2332
Stocks (domestic') end of Quarter total
On farms
Off farms
do
do
do
2 1. 854
2 305
2 1. 549
Exports total includin0'
W"hcatonlv
do
do
58.2
52.4
flour
21,709
2
49. 2
43.0
2
260
1,449
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
2.48
2. 28
$ per bu._
2.19
2.04
No,2,hd.anddk, hd. winter (Kans. City) -do
*
2. 07
*
1.97
No 2 red winter (St Louis)
_ _ _do
2.41
2.25
Weighted a vs., 6 markets, all grades
do
Wheat flour:
Production:
Flour
thous sacks (100 l h ) _ 21, 093 21,839
92. 4
93.3
Operations percent o f capacity - _ _ _ _ _
406
405
Offal
" thous sh tons _
Grindincs of wheat
thous. b u _ _ 49, 333 49, 613
Stocks held bv mills, end of quarter
2 4, 703 2 4, 584
thous sacks (100 Ib )
2, 686
2,512
Exports
do
Prices, wholesale:
Spring, standard patent (Minneapolis)
5.909
$ per 1001b__ 5.520
5.621
5. 166
Winter hard 95% patent (Karis City) do
339
3?6
254
317
1 305
3
109
1,202
2, 071
407
1, 664
1 818
317
1 , 500
1 503
196
1,307
3
3
55. 4
49. 2
64. 5
53 4
48. 1
2.46
2. 13
(5)
2.41
2. 50
2. 17
2.50
2. 1 9
9 99
2.43
2. 33
2. 13
2.32
21.175
20 125
86. 9
375
45. 677
r«)
20, 421
87.8
378
46, 225
87.1
396
48, 021
2, 704
3,204
5. 775
5.483
5. 900
5 633
46. 0
40.6
49.2
44. 6
34 7
30. 1
31 5
27 Q
52. 9
47.9
16.0
14.1
58.3
51.5
64.8
55.1
2.42
2.25
2.07
2.39
2.44
2.23
(«)
2. 45
2.49
2. 19
(5)
2. 48
2. 53
2.31
(3)
2.50
2. 49
2 28
(5)
2. 48
2. 50
2 52
2.30
(5)
2.47
2.47
2. 33
2.17
2.45
23. 207
91.9
433
21, 254
101.0
396
48, 371
23, 807
94. 0
443
54. 140
29 744
98 4
4°1
51 743
43. 3
37. 7
20.334
88. 2
378
46, 130
4,290
2, 428
2 334
4, 378
2.017
2 023
1 570
5. 938
5 683
6. 1 1 3
5 817
6. 175
5 933
6.113
5 850
6. 063
5 750
8 000
5 767
(3')~
2.47
20, 58 i --22.116 r90 700
r
90. 9
r 95. 4
93. 0
T
3.SO
389
Mil
r
9
46 6 6 50. 248 -•47.017
4, 789
2, 150
5.863
5 650
844
5. 763
5 483
r
r
5. 825
r 5 550
2.41
2. 2S
2. 15
2.38
21,570
97. 6
r 410
50, 550
90. 0
398
49. 005
5. 116
4 196
2 953
r
2. 46
2. 37
(5)
2.44
P
5. 787
LIVESTOCK
Cattle and calves:
Slfsue-hter (federally inspected) :
Calves
thons animals
Cattle
do ___
Receipts (salable) at 25 nubile marketsf
do
Shipments feeder to 8 corn-belt States ..do. _ _
Prices, wholesale:
Beef steers (Chicago)
_
$ per 100 Ib
Steers, stocker and feeder (Kansas C i t y ) _ _ d o
Calves, vealers (Natl. Stockvards, 111.) — _do
Hoes:
Slaughter (federally inspected)... thous. animals..
Receipts (salable) at 25 public marketsf
do
Prices:
Wholesale, average, all grades (Chicago)
$per lOOlb..
ITog-corn price ratio (bu. of corn equal in value
to 100 Ib. live hog)
_ - - _ -Sheep and lambs:
Slaughter (federally Inspected).. _thous. animals. .
Receipts (salable) at 25 public marketsf
do
Shipments, feeder, to 8 corn-belt States
do
Prices, wholesale:
Lambs, average (Chicago)
$ per 100 l b _ _
Lambs, feeder, good and choice (Omaha) _do
417
1, 664
1. 221
528
415
1, 695
1,179
595
383
1 , 522
1, 130
421
398
1.766
1. 134
432
34°
1,718
997
270
367
1,765
1.167
259
434
1, 870
1, 288
592
424
1.654
1,152
803
517
1 , 898
1,605
1,574
456
1, 080
1,254
1, 164
24. 46
23. 30
30. 17
27.20
24. 53
29. 75
26. 80
25. 1 1
30. 00
25 69
24. 18
29. 00
24.91
23 ?3
28. ()()
26. 12
23. 75
27. 00
27 88
23. 91
27. 50
29. 63
25.21
27. 50
29 29
25. 38
26. 50
25.79
5, 469
1,586
5, 648
1,621
5 672
1,680
5. 800
1,721
5. 041
1,498
4. 699
1,424
5, 214
1,507
4.737
16.71
16.44
15. 66
15. 25
16. 6
'16.4
15.7
r 14.8
r
1, 253
550
253
1,224
497
224
1.173
467
100
1,197
527
189
1,062
411
184
17.07
14.99
19. 45
15. 57
17.62
15.30
21.75
(5)
M6.00
2,116
2,150
2, 068
2, 261
2,087
2 025
460
77
80
481
78
109
579
82
91
585
87
80
512
119
98
444
81
99
4
16. 23
15.4
23. 50
17.24
17. 68
18. 46
r
r
r
361
1. 558
95'?
234
410
1 694
996
350
24 69
23. 89
32. 00
6, 333
^ 1, 820
431
1 , 795
6 1. 150
338
27. 00
28. 59
25. IS
30. 00
26. 90
24. 53
33. 00
6, 643
1,911
6, 376
1,819
5, 954
1, 686
29 89
1, 5tV?
T
r
1. 727
1 , 1 96
487
1 061
23 30
23. 45
p 34. 49
°3 51
24. 12
2° 43
5, 665
1, 555
6. 559
1, 686
6. 343
1, 797
1,610
23.50
16. 69
16.34
15.80
15.35
14.85
13.78
13.52
14.73
11 A
r 16. 3
17.3
15. 7
15 0
14 0
19 9
1° 6
13 0
}, 2 7 2
589
425
1,472
676
523
1,215
454
215
1, 098
397
140
1,317
9 485
192
1, 053
381
84
1,137
390
98
1. 116
396
137
354
1 9. 50
20. 50
21.75
16. 00 - 16. 40 * 16. 56
19. 00
15. 70
18. 75
15.82
19. 25
(5)
19.25
* 17.97
18.50
« 17. 44
IS. 75
"17. 46
18.25
° 17. 50
21.25
(5)
2, 135
1, 895
2,423
2,265
2, 146
2 383
9 069
2 3°3
2 323
400
71
145
359
76
130
389
64
117
463
91
119
506
51
122
502
40
81
^57
87
145
637
53
131
689
16.3
1,170
470
151
a
1, 279
3S1
1,115
552
17.2
1, 254
528
293
MEATS AND LARD
Total meats:
Production (carcass weight, leaf lard In), Inspected
slaughter..
_
... mil. l b _
Stocks (excluding lard), cold storage, end of
month__ ___ _
_
_
mil. Ib
"Exports (including: lard)
. . _ _.do
Imports (excluding lard). _ . _ _
do. .
Beef and veal:
1,051.0 1, 046. 6
960. 5 1,110.1 1,075.3 1,081.4 1,120.8
Production, inspected slaughter
do
988. 3 1, 145. 1 1,019.3
975.0 1. 134. 8
989.5 1.084.0 1. 106.0 -175. 5
163. 6
170.9
Stocks, cold storage, end of month
do
180. 3
148.7
150. 9
129. 6
157.8
176. 9
201. 9
128. 1 ^ 143. 2
196. 9
188.8
201.6
9 g
2.3
2.5
9 4
2 Q
Exports
do
2 0
2 8
9 0
2 3
1 9
1 9
2 0
1
55.4
79. 0
Imports
do
89.2
61.3
51.4
103. 6
69.1
88 7
113 3
73 2
86 1
56 9
98 9
93
Price, wholesale, beef, fresh, steer carcasses, choice
. 427
.464
.452
(600-700 Ibs.) (New York)
$perlb_..
.444
.489
.502
.482
.440
.443
.478
.487
.463
. 408
.437
.408
.409
Lamb and mutton:
r- A
57.9
59.6
Production, inspected slaughter
mil Ib
57. 4
56 4
57 3
67 3
58 2
56 8
53 2
48 0
52 9
65 6
53 1
19.9
14.3
Stocks, cold storage, end of month
do
18.5
11.0
17.9
92 g
10.2
14.7
9.6
11.8
15.3
11.8
13.4
23.7
21.0
Pork (including lard), production, inspected slaughter
_ mil Ib _ 1, 005. 0 1, 045. 6 1,049.7 1,094. 1
963 3
849 0 1 210 8 1 188 7 1 118 0 1 182 3 1 019 6 i 1 09 - 1 I p i A
890 1
957 8
Pork (excluding lard):
763. 1
805.2
Production, Inspected slaughter
do
838. 5
808. 1
913. 9
740. 5
731.4
680. 5
665. 0
936. 0
859.2
918.0
924.7
901.1
798.8
203.4
235. 9
Stocks, cold storage, end of month
__do
315.9
338.5
295. 1
233. 6
211.8
138.5
181.8
161.3
229.5
249.0
275.4
378.4
332. 6
5.3
5.7
5 9
Exports
do
4 6
7 ft
6 8
6 3
7 3
3 6
5 4
5 1
6 7
r
14.5
17.0
Imports.
do
16.2
19. 1
16 0
17 8
14 4
16 4
91 9
18 7
16 4
17 6
20 4
13 5
Prices, wholesale:
.471
7.491
Hams, smoked, composite
$ per lb_.
.488
.465
.470
.467
.518
.493
.493
.492
.531
.480
P . 443
.468
.479
.475
Fresh loins, 8-12 Ib. averaere (New York) .do
.429
.425
.463
.552
.462
. 503
.520
.493
.447
.456
.380
.396
.426
.407
Lard:
Production, inspected slaughter
mil Ib
176. 5
175 3
9O1 9
900 7
176 0
186 1
168 8
1 58 9
153 3
186. 7
189.
2
Stocks, dry and cold storage, end of mo
do
r
98.9
120.4
123.3
109.2
103. 5
96.7
77.3
72.7
73.1
93.3
128.4
148.2
162. 3
146.2
166. 7
04 r
49 4
oo a
Exports. _ .
do
34.7
35 2
40 4
24 8
50 5
38 2
37. 6
40. 5
Price, wholesale, refined (Chicago)
$ per lb._
.133
.125
.120
.123
.120
.120
.125
.131
.133
.136
.121
.116
.120
P. 115
r
Revised.
v Preliminary.
e Beginning Jan. 1963, data are for 27 public markets.
1
2
7
Crop estimate for the year.
Quarterly average.
Beginning Feb. 1962, prices not strictly comparable with those for earlier periods;
2
Old
crop
only;
new
grain
not
reported
until
beginning
of
new
crop
year
(July
for
wheat),
monthly
average based on 11 months (Feb.-Dec.).
tRevised series.
» Choice only.
4
5
Average based on months for which quotations are availa ble.
No quotation.
::::::::
::::::::
SURVEY OF CURRENT BUSINESS
June 1963
1961
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1962
| 1962
Monthly
average
S-29
Apr.
May
June
July
Aug.
1963
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
POULTRY AND EGGS
Poultry:
Slaughter (commercial production) t
mil. lb_
Stocks, cold storage (frozen), end of month, total
mil. lb__
Turkeys
_ do __
Price, in Georgia producing area, live broilers
$ per lb__
r
593
Production on farms
mil cases0__
Stocks, cold storage, end of month:
Shell
thous. cases O _
Frozen
mil Ib
Price, wholesale, extras, large (delivered; Chicago)
$ per doz__
578
481
580
573
572
t 663
^652
'833
734
562
538
416
454
502
322
192
306
199
253
156
220
132
205
121
210
123
251
160
331
233
448
340
386
265
335
203
328
198
291
176
251
153
210
117
.132
.144
.138
.136
.133
.143
.149
. 154
.142
.132
.141
.138
.153
.147
.145
.140
14.3
14.5
15.6
15 8
14 6
14 4
13 9
13 4
14 0
13.9
14 5
a 14 4
13 4
15 8
15 7
15 9
102
81
186
82
52
60
319
85
397
111
343
122
250
120
297
113
236
98
162
77
117
61
64
47
29
38
51
38
52
59
.355
.334
.306
.269
.266
.280
. 343
. 416
.377
. 394
.367
.354
.370
.346
.299
28.7
.227
23.8
. 208
35. 7
.208
28 9
. 224
37.0
. 208
39 0
.205
99 q
.203
8.0
. 200
10 0
.201
11.6
. 209
14 7
.210
16 6
.230
46 8
»• . 246
29 3
.239
.255
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
Imports O'n el shells) _ _ _
thous. Ig. tons.
Price, wholesale, Accra (New York)
$ per Ib—
Coffee (green):
Inventories (roasters', importers', dealers'), end
of quarter
thous bagscf
Roastinn's (green weight), quarterlv total do. __
Imports, total
__
do
From Bra/il
do
Price, wholesale, Santos, No. 4 (New York)
$per l b _ _
Confectionery manufacturers' sales
mil $
1
1
3 355
5, 669
1, 861
714
2,041
758
.363
103
.344
105
184
3, 050
5, 307
3, 376
5, 202
2, 075
569
9 281
940
2, 530
1 135
1.241
434
2 °38
851
2 157
8 r >8
9 246
6^5
. 3-10
140
.340
143
. 338
r 135
.340
r 1()7
.340
114
.338
110
.335
106
94
206
218
219
231
202
175
154
158
1,479
934
609
449
324
200
175
975
1,405
1, 690
46
863
277
71
967
256
122
679
129
629
528
100
928
144
79
829
105
39
351
1. 558
83
149
820
133
91
409
175
530
211
960
952
8
1,567
270
892
883
9
1,315
194
1,078
1 067
12
898
336
860
850
10
836
555
833
827
5
1,185
201
778
773
5
1.893
268
835
828
7
2, 257
293
745
737
8
2. 101
291
602
598
4
2. 127
137
qo'2
918
4
1,826
°41
494
186
17
363
136
53
469
204
308
137
9
400
71
15
429
38
17
481
58
20
338
99
87
157
r 14
5
365
86
15
379
42
6
. 065
.064
.065
. 064
066
. 0(>3
. 066
. 064
065
067
068
068
.564
. 089
565
. 089
565
.089
.089
566
089
. 569
. 090
. 570
.090
. 573
. 090
574
090
. 093
586
. 093
591
v . 095
10. 808
11.782
12. 747
8,019
11,303
10 245
10, 825
10,725
10, 128
12, 536
7 275
19 202
14 808
204.7
223.8
231.7
230. 8
227.4
189.0
242. 9
221.2
253. 4
241. 6
197. 9
211.2
207.0
198. 7
116.9
173.8
155. 8
1 77. 9
217. 3
201. 1
199. 5
198.4
187. 2
182.1
167. 9
180. 7
171.4
167. 2
211. 2
228. 4
234. 9
254. 6
230. 9
206. 1
191. 9
191. 2
189. 0
194 7
176. 6
205 0
154. 2
245. 0
242. 4
254. 3
272 8
264. 1
253. 8
244. 0
240. 2
248.6
274.4
325. 0
281 5
r 220 5
143. 6
143 8
135.9
136 1
129 6
125 9
140 1
137. 0
165 1
155 9
157 0
173 9
148 0
141 0
°73 3
139 4
38.3
39. 0
37.3
39. 9
42.7
39. 3
38.0
38. 5
37.8
40.3
39.3
49. 0
52.4
59 4
59 2
.268
.256
.270
.270
. 258
246
. 240
.245
.245
.245
.238
33.4
29.5
38.9
37.5
32. 2
30.1
35.7
31.9
34. 5
30.0
32.4
23.1
1, 679
580
1 990
693
. 345
94
. 350
79
. 348
73
. 348
r 70
,348
9"
180
125
137
157
185
3,075
'• 1, 476
2,971
- 2, 701
2, 458
265
528
169
273
550
166
93
654
164
39
605
262
56
440
272
808
801
7
1, 716
510
821
813
8
1,598
259
706
696
10
1,740
194
833
824
9
1, 624
225
338
106
14
359
102
9 Fj
316
136
26
$ per Ib
.063
.065
$ per 5 Ib
.$ per lb_
. 570
.087
.569
. 089
9, 111
thous. Ib
Baking or frying fats (Incl. shortening):
Production
mil. lb._
Stocks (producers' and warehouse), end of month
mil. lb_.
Salnd or cookirm oils:
Production
_
do
Stocks (producers' and warehouse), end of month
mil. Ib
Margarine:
Production
do
Stocks (producers' and warehouse), end of month
mil. l b _ _
Price, wholesale (colored; mfr. to wholesaler or
large retailer; delivered)
$ per Ib
3 565
6 093
3 964
6 080
2, 074
725
1. 550
593
Deliveries, total__ _
do
For domestic consumption
do
For export and livestock feed
do
Stocks, raw arid refined, end of month.do
Exports raw and refined
sh tons
Imports:
Raw sn^'ar, total 9
-thous. sh tons
From Republic of the Philippines.-, do
Refined suirnr. total.do
Tea imports
3, 034
5, 574
2,011
731
Fish:
Stocks cold storage, end of month
mil Ib
Sugar:
Cuban stocks, raw, end of month
thous. Spanish tons..
United States:
Deliveries and supply (raw basis):
Production and receipts:
Production
- _ thous. sh. tons.
Entries from off-shore, total 9
do
Hawaii and Puerto Rico _ _ _ _ do_ _
Prices (New York):
Ra\v wholesale
Refined:
Retail^
Wholesale (excl. excise tax)
1
1
1.859
635
T
.276
.238
r
. 332
1, 325
* 1,661
083
109
186.2
147 7
189 0
P
238
FATS, OILS, AND RELATED PRODUCTS
Animal and fish fats: A
Tallow, edible:
35.8
36.2
33.3
36.7
40.8
Production (quantities rendered)
mil. lb__
30.7
31.4
32.9
28.4
28.6
Consumption in end products
do
Stocks (factory and warehouse), end of month
25.
7
23.5
29.
0
26.8
26.
5
mil. lb__
Tallow and grease (except wool), inedible:
305. 6
287.8
296.2
274.7
Production (quantities rendered)
do
288. 5
150.6
148.4
144.8
170.9
164.3
Consumption in end prorhicts
do__
Stocks (factory and warehouse), end of month
340.4
384.6
358. 2
412.3
mil. lb__ 369.4
Fish and marine mammal oils:
4 9
31 1
20.3
Production
do
21 5
51 8
9.0
8.2
8.3
9.3
9.3
Consumption in end products
_ _do
Stocks (factory and warehouse), end of month
144.0
130.2
98.3
148.2
mil. Ib- 123.7
r
Revised.
t> Preliminary.
« Beginning Jan. 1963, includes data for Alaska and Hawaii.
1
2
Quarterly average.
Beginning March 1963, includes General Services Administration
stocks no longer required for the strategic stockpile; not comparable with earlier data.
^Revisions for Jan.-Aug. 1960 are shown in the Oct. 1961 SURVEY.
38.5
26.0
42.5
28.3
41 1
29.7
39 3
30.6
30.3
24.3
20. 8
21.7
24.1
33.0
37.7
43.3
46.9
50.0
274, 6
120.3
295. 4
166. 6
259.6
152.7
297. 9
158. 1
295 7
138.5
269 4
140.1
305 9
161. 8
291 0
151 1
307 7
146 4
308 9
151 0
381.2
366. 0
364.6
370.6
396.8
396.7
475.0
430.0
434.3
427 4
45 1
32 5
7.8
29.7
7.5
38 3
7.9
7 7
8.3
6
7.8
4
8.3
3
7.4
4
70
6 7
7 5
7.6
166.7
r
161.9
170.4
149. 7
178.2
166. 3
182.4
163.5 2 156. 0
120.9
O Cases of 30 dozen.
cfBags of 132.276 Ib.
9 Includes data not shown separately. § Price for New York and Northeastern New
Jersey.
AFor data on lard, see p. S-28.
SUEVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
1962
| 1962
Monthly
average
June 1963
Apr.
May
June
July
Aug.
1963
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr. I
May
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
I
FATS, OILS, AND RELATED
PRODUCTS— Continued
Vegetable oils and related products:
Vegetable oils (total crude and refined) :
Exports
nill Ib
Imports
do
Coconut oil:
Production :
Crude
do. Refined
do
Consumption in end products
do_
Stocks, crude and refined (factory and warehouse) end of month
mil. Ib
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 Ib
92.6
47.2
141.4
55, 1
186. 1
53.9
141 0
51 0
215 4
41.0
234 0
38 6
162. 1
57.1
124 2
55 5
71 6
70 9
126 4
72.2
137 5
71 9
77 0
71 9
66 6
63 7
41.6
38.6
54.4
135.8
44.3
57.5
31.9
45.8
61.6
28 0
47.0
60.0
(2)
45.5
62.1
35.6
36.0
49.3
30. 1
48.5
64. 7
37.7
47.0
58. 0
44.3
45. 5
61.2
43. 1
45.6
54.7
(2)
43.8
51.2
38.7
42 4
54.8
23.4
42.3
54.0
230. 1
65. 5 '
i
21.0
45.0
59. 6
313.6
13.6
243.4
22.1
269.9
17.9
245. 0
19.0
218.8
16.0
220.6
15 5
209. 4
26. 1
206.1
15.5
203.2
38.2
219.6
31.3
242.8
41.4
240. 5
45.3
254. 9
37.7
255. 3
40.2
241.o
28.0
26.8
26.4
30.4
29.3
26.6
31.3
28.7
24.1
32.3
29.5
26.7
32.0
26. 8
28.9
30.3
28.4
27.1
33.3
34.8
32.1
29.6
28. 9
28.5
32. 2
32. 4
29.6
30.3
32.1
26.6
26 3
31.8
28.7
31.0
30.0
24.1
27.3
30.9
27.4
33. 1
30.0
26.9
31.8
28. 1
•^6 6
34. 6
48.7
54.1
55 9
51.9
52 1
49 5
49.4
48 8
50. 5
44 4
-49 3
46 1
48.6
54 9
204.0
108. 4
222. 5
118.1
192.1
156. 9
130.9
164.0
99.9
155.7
85.2
133. 9
103. 2
94.2
237.9
99.5
348. 3
92.9
362.9
99.2
300.0
98.5
322.1
105. 2
292.1
122.6
254.7
148. 8
194.2
197.7 .
149.5
125. 5
110.7
161. 5
132.4
108.8
146.3
142.9
121.5
98. 2
117.4
112.2
74.9
91.4
107.8
63.7
72 8
98.0
75.1
77 8
107. 6
167.2
113. 3
104. 1
243. 9
147.6
115. 9
255.4
175.3
103.4
211.4
162. 5
101.2
228.3
171.4
104.3
206.3
162 7
96.1
182.6
165.1
98.0
139. 0
1*7. 7
89.2
335.8
.186
419.6
.167
513. 4
.176
458.4
. 171
401.5
. 169
324.4
165
270.7
161
296.2
.158
379. 5
.155
460.8
.151
529.9
. 151
598.1
. 153
656.0
r
. 151
678. 4
p. 152
644.1
35.5
31.8
31.8
31.5
31.7
34.8
23.3
35.4
20.9
36.0
14 3
35 1
27 1
35 2
44.8
31.7
49 0
31.4
39.9
27.4
33 8
25.6
39 1
28.6
30 9
28.0
36.6
30.8
35 2
35. 0
1 03. 0
.142
112.5
.142
135.3
. 152
121.2
.151
105.4
.147
79.3
.145
73 2
. 138
83.8
.131
99.7
.126
116.6
.129
123.4
.127
130.9
.127
132.4
.127
133.7
134.3
778.4
147.2
867.8
86.5
840.3
96.0
891.4
101.8
794.0
88.0
807 7
91.2
799 0
72 9
709.2
85.1
914.8
68.3
988.2
64.4
981.9
88.8
987.2
99.3
893 3
78.7
960.0
123.3
823.3 :
96.0
370.2
299.4
288.7
407.4
338.9
340.6
397.4
318. 1
340.5
425.4
352. 7
352.1
376.6
364.9
378.7
383.9
314. 5
337.0
379.7
339.9
342.8
334.4
318. 1
331.7
428. 6
369. 0
365.1
452.3
355. 2
344.2
450. 4
329.6
320.2
456. 2
348.8
328.0
413 1
315.0
326.5
451.5
362.6
341.6
386 4
338.3
?90 6 i
704. 5
.157
791.6
.133
924.6
. 141
930.4
.133
808.8
.128
763.3
122
686.7
.125
607.0
.123
581.3
.130
629.8
.129
718.1
.128
703.6
.134
822.0
.133
842. 1
p. 135
788 1
2, 061
3 2, 309
Cottonseed cake and meal:
Production
thous. sh. tons..
Stocks (at oil mills) end of month
do
Cottonseed oil:
Production:
Crude
-mil.lb..
Refined
do
Consumption in end products
_
do
Stocks, crude and refined (factory and warehouse) ,
end of month
- mil Ib
Price wholesale (drums* N V )
$ perlb
Linseed oil:
Production crude (raw)
mil Ib
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) ,
end of month
mil Ib
Price wholesale (Minneapolis)
$ per Ib
Soybean cake and meal:f
Production
thous sh tons
Stocks (at oil mills) end of month
do
Soybean oil:
Production:
Crude
mil Ib
Refined
-do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse),
end of month
mil Ib
Price wholesale (refined • N.Y )
$ per Ib
TOBACCO
Leaf:
Production (crop estimate)
mil Ib
Stocks, dealers' and manufacturers', end of quarter total
mil Ib
Exports incl scrap and stems
thous Ib
Imports, incl scrap and stems
do_ __
Manufactured:
Production (smoking, chewing, snuff)
do
Consumption (withdrawals) :
Cigarettes (small):
Tax exempt
millions
Taxable
--- do
Cigars (large), taxable _
_ _ do
Manufactured tobacco taxable
thous Ib
ExDorts. ciearettes
_
_ .millions. .
3
r
24 7
46.2
61. 0
p. 127
r
M, 580 < 4, 696
41,750 39,073
13,870 13, 951
30, 767
13, 945
29, 215
15, 054
4,331
38, 835
12, 410
34, 625
12, 072
34,932
14,123
4, 605
77,051
12,785
45, 907
14, 830
52,993
18,187
5.099
52, 588
10, 335
6,484
15,172
30, 926
13, 834
5,067
36, 027
13, 492
14,429
14, 066
13, 988
15, 033
14, 094
12,346
15, 926
13, 367
16, 499
14, 337
11,212
14, 236
13, 093
13, 285
3 296
40, 677
531
14,123
1,851
3 422
41, 205
530
13, 770
2,007
3 225
38, 592
510
13, 849
2,166
3 725
45, 094
623
14, 646
1,880
3 537
41, 294
535
14, 200
2,119
3 208
39, 377
520
12, 766
1,902
3 625
47, 303
596
15, 031
2,062
3 ?45
40, 466
515
13, 333
2,188
3 221
45, 461
622
15,711
1,217
3 661
42, 546
662
13, 863
2,155
3 514
34, 734
336
11,953
2,451
2 417
43, 467
494
13, 903
581
3 338
37, 969
452
12, 503
2,148
3 428
39, 555
475
12, 942
2.043
|
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value, total 9 _ thous. $__ 7,179
209
Calf and kip skins
- _ _ _ __ _ thous. skins. _
637
Cattle hides
thous hides
Imports:
5,357
Value, total 9
thous. $__
Sheep and lamb skins
thous. pieces.. 2,325
1,228
Goat and kid skins
_ _
__ _ do
Prices, wholesale (f.o.b. shipping point):
Calfskins, packer, heavv, 9^/15 Ib
..$ p e r l b — p. 631
v . 150
Hides, steer, heavy, native, over 53 Ib
do
6,909
171
593
5,677
212
452
6,957
184
572
7,944
180
605
7,518
116
690
8, 506
135
773
6,746
217
582
6,843
171
581
7,504
184
672
5,510
125
530
3,961
39
382
7,104
190
625
7,677
161
734
5,539
2,290
1,198
6,035
1,687
1,512
7, 067
3, 386
1,202
6,021
2,782
1,278
4,921
1,115
982
5,172
2,070
1, 375
3,979
1,159
913
4, 398
2, 052
954
3,492
1,103
992
3, 361
823
989
2,217
C
361
e
590
6,153
2,546
1 782
7,645
4,925
1 097
p. 623
P. 152
.650
.143
.650
.158
.625
.163
.575
.153
.600
. 158
.625
.168
.575
.163
.550
.153
.550
.138
.500
.133
.475
.110
P. 400
p. 117
458
1,722
1,111
2 923
1 176
2 675
5,777
3 865
5,507
3 633
.697
P. 697
LEATHER
Production:
472
533
498
505
513
Calf and whole kip
thous. skins__
Cattle hide and side kip _ - _ thous. hides and kips__ 1.895 '1,877 ' 1, 854 r 1,999 r 1, 882
Goat and kid__
thous. skins. _ 1.239 5r 1, 184 'r 1, 145 r 1,251 T 1,281
2, 770
2,658 or 2 527
2, 388
Sheep and lamb
.
do
2 615
Exports:
3, 506
Glove and garment leather
thous. sq. ft. _ 5,244
3,557
3,502
3,950
3,113 2, 499
3,019
3,387
Upper and lining leather
do_ __ 4,291
Prices, wholesale:
.717
Sole, bends, light, f.o.b. tannery. _
$ per lb_. p. 707 p .711
.720
.680
Upper, chrome calf, B and C grades, f.o.b. tan1.357
1.350
nery
Spersq. ft.. p 1. 401 P 1.326 1.323
r
c
Revised.
» Preliminary.
Corrected.
1
Average based on reported annual total. 2 Not available.
3
Crop
estimate
for
the
year.
*
Quarterly
average.
5
Revisions for Jan.-Mar. 1962 (thous. skins): Goat and kid, 1,386; 1,109; 1,193; sheep and
lamb, 2,435; 2,544; 2,305.
r
380
1,533
1.133
I 976
537
r 1, 993
r
967
2, 784
r
452
531
1,795 r>• 2, 081
1, 049 r 1. 338
2 419
2. 834
r
r
r
532
472
515
1,909 'r 1, 724 1,860
1, 248 r 1, 113
1,395
2 714
2 838 2 413
2,249
2,933
2, 828
3,105
3, 698
2,930
4,196
2,284
3,879
2 873
4,615
3 893
3, 221
1 042
.710
.710
.710
.710
.717
.717
.697
1.333 1.337
1.337
1.260
1.307
1.220
1.197
^Data formerly shown in mil. Ib.
9 Includes data for items not shown separately.
r
.
418
' 1. 1-58 P 1. 150
6,220
2,992
1 429
SURVEY OF CURRENT BUSINESS
June 3963
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1962
1961 | 1962
Monthly
average
S-31
Apr.
May
June
July
Aug.
1963
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers:f
Production, total _ _ _
thous. pairs. _ 49, 442
Shoes, sandals, and play shoes, except athletic
thous. pairs .. 42, 303
Slippers for housewear
do
6 081
Athletic
.
do
553
Other footwear
do
505
51, 617
51, 975
52, 498
49, 507
46, 322
59, 295
48, 935
53 652
47 244
42, 465
53, 457
50, 922
53, 462
44,011
6 326
560
720
45, 374
5 161
728
712
44, 465
6 615
588
830
41, 784
6 511
584
628
39, 833
5 550
352
587
49, 275
8 585
575
860
39, 540
7 399
499
1,067
43 308 38 570
8 702 7 375
590
586
713
1 052
37, 391
3 906
489
679
48, 485
4 084
465
423
45,911
4 089
540
382
47, 335
5 132
519
476
179
177
192
191
159
131
206
197
215
201
154
73
214
233
105.5
105.6
105.8
105.8
105.8
105. 8
105.8
105 8
105 1
105 1
105 1
105 1
105.1
105. 1
108.1
110.2
107.8
111.2
108.3
111.1
108. 3
111 1
108.3
110.9
108.3
111 2
108.3
111 1
108.3
111 4
106 5
111 5
106 5
111 4
106.5
111 8
106. 5
110 9
106.5
110.6
106. 5
111 0
Exports
do
Prices, wholesale, f.o.b. factory:
Men's and boys' oxfords, dress, elk or side
upper, Goodyear welt
1957-59 = 100-.
Women's oxfords, elk side upper, Goodvear
welt -_-- - 1957-59 = 100-Women's pumps low-medium quality do
LUMBER AND MANUFACTURES
LUMBER— ALL TYPESJ
National Lumber Manufacturers Association:
Production, total.
mil. bd. ft._
Hardwoods
- do
Softwoods
_
do
2.654
497
2,157
2,740
536
2, 204
2 670
461
2,209
3 020
524
2 496
2 825
554
2 271
2 649
552
2 097
3 164
633
2 531
2 911
620
2 291
3 088
642
2 446
2 839
673
2 166
2 473
614
1 859
2 603
603
2, 000
2, 560
620
1,940
2,933
666
2,267
2,983
718
2,265
2, 705
536
2, 170
2, 758
530
2,227
2,837
520
2 317
3, 1 57
528
2 629
9 944
519
2 425
2. 682
491
2 191
3, 058
535
2 523
2 712
533
2 179
2 931
563
2 368
2 7'?8
620
9 108
2,431
602
1 829
2. 579
594
1 985
2, 540
655
1 885
2. 880
688
2,192
3,026
681
2 345
7,001
1 863
5 138
6,292
1,488
4 804
6 215
1 291
4 q24
6 073
1 287
4 786
5 955
1 324
4 631
5 934
1 385
4 549
6 037
1 483
4 554
6 202
1 537
4 665
6 454
1 720
4 734
6 509
1 723
4 786
6 596
1 779
4 817
6 590
1 788
4 802
6, 590
1 753
4 837
6,644
1,731
4 913
6,674
1 768
4 906
63
355
63
408
58
436
78
457
66
467
64
482
57
490
59
408
58
474
68
357
64
301
58
252
61
410
71
423
424
640
471
672
498
717
534
757
511
741
500
628
504
721
481
595
445
697
460
628
441
629
507
675
570
621
617
634
580
717
593
642
640
1,126
655
665
993
677
688
1,108
727
780
1,050
661
752
958
581
624
927
714
744
893
632
631
894
696
681
886
681
647
914
576
563
928
657
612
943
644
573
994
698
671
1,022
706
704
1,045
23
Exports, total sawmill products
do
10
Sawed timber
do
12
Boards, planks, scantlings, etc
do
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
$ per M bd. ft.. 78.43
Flooring, C and better, F. G., 1" x 4", R. L.
124. 21
$ per M bd ft
Southern pine:
474
Orders new
_mil. bd. ft _
224
Orders, unfilled, end of month
do
26
10
17
26
12
14
30
15
15
24
8
15
28
9
18
26
8
18
22
9
13
27
9
18
27
7
20
26
8
18
25
9
17
24
9
15
32
14
19
32
11
21
78.65
78.46
79.03
78.90
81.29
81. 50
81.39
79 41
77.81
76 66
77.82
Shipments, total
Hardwoods
Softwoods
do- ..
do
do
Stocks (gross), mill, end of month, total ..do
Hardwoods
-- _do
Softwoods
do
Exports total sawmill products
Imports, total sawmill products
do
do
SOFTWOODS!
Douglas fir:
Orders, new.
Orders unfilled, end of month
_
Production
_
Shipments
Stocks (gross), mill, end of month
mil. bd. ft__
do
__
__
do
do
do
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):
Boards, No. 2 and better, 1" x 6", R. L.
1957_59=100 .
Flooring, B and better, F. G., I" x 4", 8. L.
1957-59=100 .
Western pine:
Orders new
__
mil bd ft
Orders, unfilled, end of month
. do
Production.
Shipments
Stocks (gross), mill, end of month _.
Price, wholesale, Ponderosa, boards, No.
12" R. L. (6' and over)
$ per M
do
do
do
3, I" x
bd. ft._
r
78. 24 p 78. 08
r
122. 52
120. 41
120. 58
120. 10
122 18
123. 31
124 73
125 98
125 98
126 44
503
255
523
292
587
286
505
264
502
251
546
246
503
249
542
243
480
231
366
225
460
243
425
250
508
276
578
318
467
472
503
500
495
514
572
593
519
527
495
515
560
551
498
500
551
548
493
499
416
372
474
449
448
418
485
482
514
536
1, 360
5,827
1,342
4.486
1,366
6,325
1,571
4, 754
1, 382
6,777
1, 634
5, 143
1,361
9,398
4,367
5,031
1,353
6, 615
1,944
4,671
1 333
5,801
1 787
4,014
1,342
5,932
811
5,121
1 340
6,941
2 234
4,707
1 343
3,880
300
3,580
1 344
5,543
637
4,906
1 388
5,898
673
5,225
1 420
1,393
305
1, 088
1 450
7,614
761
6, 853
1,453
6,075
655
5.420
1 431
5, 174
907
4,267
127 42 !29 12 pl30 10
92.7
93.1
94.4
94.6
94.4
93.5
92.3
91 9
91 8
91.6
91.1
90 9
90 9
91.2
95.3
94.6
94.5
94.4
94.6
94.3
94.7
94 8
95. 1
95.2
94.9
94.6
94.4
94.4
758
358
769
400
782
461
881
435
809
437
783
445
805
366
742
354
817
358
654
314
698
345
713
403
587
367
742
364
848
424
749
759
1,858
758
766
1,679
728
788
1.630
868
907
1,591
784
807
1, 568
759
775
1, 552
928
884
1,596
871
754
1 713
871
813
1,771
715
697
1 789
657
667
1,779
604
655
1, 728
578
6?3
1,683
799
745
1,737
736
788
1, 737
69.63
67.43
70.91
71.49
69.59
69.08
67.76
66.03
66.25
65. 15
65. 26
64.95
3.1
11.3
3.1
3.0
8.7
3.1
10.5
2.7
2.9
7.9
2.7
11.0
2.4
2.6
10.0
4.0
11.3
2.8
3.5
9.0
4.6
11.6
3.0
4.0
8.2
32
11.0
2 7
3.4
7.0
3.4
10.1
3.0
3.5
6.2
2.3
9.7
2.5
2.6
6.1
30
9.7
2 9
3.0
6.0
3.0
9.6
26
2.8
6.0
24
9.8
26
2.0
6.3
30
10 5
28
24
6.8
30
10.6
2 7
2.6
6.9
64.2
35.6
65.5
65.4
100.8
65.7
42.8
65.0
65.9
75.2
66.6
51.1
57.2
63.6
88.4
72.7
49.9
66.8
74.6
80.7
68.9
47.6
66.1
70.9
74.8
67.3
46.9
63.5
68.2
68.9
80.9
46.3
77.9
81.6
64.6
69.8
43.6
66.2
69.7
59.4
66.6
38.0
77 2
75.0
59.9
60 2
32.4
68 8
64.9
61.5
47 0
29.4
54 0
49.1
48.5
67 7
33.3
67 4
63 8
52.1
76.0
50.8
58 1
58.6
51.6
r
65. 11 p65. 11
HARDWOOD FLOORING
Flooring:
Maple, beech, and birch:
Orders, new _
mil. bd ft
Orders, unfilled, end of month
do
Production
_ _ _ _
do
Shipments
_ _ do ._
Stocks (gross), mill, end of month.
do
Oak:
Orders, new...
_do ..
Orders, unfilled, end of month
do
Production
_
_ _ _
do
Shipments
_.do
Stocks (gross), mill, end of month.
do ...
r
Revised.
*> Preliminary.
tRevisions for 1960-Sept. 1961 appear in Census report (M31A(61)-13).
3 4
11.5
2 7
2.4
7. 1
r
70. 1
52. 3
62 7
67. 1
47.2
2 8
11.6
28
2.6
7.4
68 3
51.6
69 3
70 2
45.8 -- -
t Revisions will be shown later as follows: Production, shipments, arid orders, 1959-Oct.
1961; stocks, 1948-Oct. 1961; exports, total sawmill products, 1961.
SUEVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1962
1961
June 1063
1962
Monthly
average
May
Apr.
June
July
1963
Sept.
Aug.
Nov.
Oct.
Dec.
Jan.
| Feb.
Mar.
* Apr.
May
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfs. and
ferroalloys) :
Exports total 9 ef
thous. sh. tons..
Steel mill products
do
Scrape?1
do
Imports total 9 d"1
S^eel mill products cf
Scrap
-
I
1
i
do.
do
do
Iron and Steel Scrap
Production and receipts, total
thous. sh. tons..
Home scrap produced
do
Purchased scrap received (net)
do
Consumption total
_ ._ d o _ _ _
Stocks, consumers', end of mo
do
Prices, steel scrap, No. 1 heavy meltinir:
Composite (5 markets)
$ per Ic*. ton
Pittsburgh district
. do.. _
I
145
796
174
556
638
179
234
18
340
13
387
1.018
166
809
615
168
426
551
149
385
740
150
560
620
158
445
470
140
313
704
214
461
902
204
674
532
142
380
572
189
363
536
164
354
329
262
21
424
342
22
370
325
16
509
413
13
477
364
19
519
395
66
505
375
15
374
285
15
406
325
20
450
3S4
311
20
5,315
3. 206
2. 109
5,361
8,651
5, 494
3. 387
2, 107
5, 513
8, 844
0, 078
3, 834
2, 244
5. 924
8, 689
5, 547
3,419
2, 128
5, 167
9. 068
4, 938
1 , 880
4, 862
9, 196
4, 325
2. 640
1 , 685
4, 2 43
9, 276
4, 890
3, 046
1.845
4, 706
2. 9S5
1,721
5, 025
8, 884
5, 530
3, 241
2, 289
5, 509
8, 916
5,415
3, 252
2, 163
5,517
8. 807
5. 251
3. 138
2.113
5. 454
8. 592
"28. 12
30. 18
32.00
26. 14
28. 00
24. 13
26. 00
24. 59
26. 00
26. 86
29. 00
26.39
"29.00
24. 38
25. 00
23. 58
23. 50
26. 50
25. 61
28. 00
29' 00
9,482
9,617
11. 117
4, 285
9. 050
10, 302
3, 712
11,039
9. 061
9,811
3, 045
5. 554
7, 073
3, 054
3, 194
3.451
3. 107
1, 198
1.461
3. 325
1.448
1. 374
3,151
1,203
1. 451
13, 553
6, 747
853
13, -149
5, 962
1,222
6. 375
7. 366
386
80. 11 S
2, 789
fit
66, 271
6, 407
10, 364
7, 268
447
87, 470
11, 528
69, 367
6, 575
68. 376
6. 471
63,613
71
69
85
33
41
4,211
4,167
4. 586
4, 757
4. 659
4, 825
5. 009
5. 213
5,094
5. 207
5, 337
5. 356
3. 368
3, 266
3, 150
3. 075
3.125
<>,';' no
65. 95
66. 00
66. 50
65. 95
66. 00
66. 50
63. 08
63. 00
63. 50
62. 95
63. 00
63. 50
62. 95
63. 00
63. 50
62. 95
63. 00
63. 50
727
922
695
1.045
581
669
988
535
693
892
464
490
775
918
483
74
81
47
79
77
45
82
70
39
SO
80
45
83
75
42
35. 00
3,058
4.967J
9, 199
27. 00
220
' 5. 516 P 5,
' 3. 347 P 3.
' 2. 169 P 2.
T
5. 680 P 5,
8. 307 P 8.
198
:
18 ;
585
289
296
666
225
425
17
I_
P 28. 00
;
Ore
Iron ore (operations in all U.S. districts):
Mine product ion c^ _ _ -thous. Ig. tons.. 5, 983
6. 033
Shipments from mines cf
do
2,151
Imports cf
do
U.S. and foreign ores and ore agglomerates:
7, 759
Receipts at iron and steel plants
do
8, 143
Consumption at iron and steel plants
do
415
Exports cf
do
81,930
Stocks, total,1 end of mo. cf
do
15, 873
At mines cf
do
59. 790
At furnace yards
do
6, 267
At U.S. docks
do
6. 050
5. 859
2. 786
4. 590
3, 509
2, 443
8. 121
8,041
491
75, 737
14, 657
55, 293
5. 787
5, 078
9, 609
362
86
5, 393
Manganese (mn. content), general im ports cT -do
4,041
12. 226
6, 668
7,495
8. 108
3. 529
10, 540
2,476
1.362
J.S76
2, 612
7, 691
112
75. 835
3.426
4. 026
9. 33'J '
104
M, t-91
17,046
19,391,
4»>. 7.'M
18, 690
37. 609
4, 854
12. 997
7, 965
625
65, 454
17, 875
42, 641
4, 938
71,030
16.400
79
104
102
88
5.483
5, 477
5, 550
6, 4'>5
6, 392
5, 45s
5. 304
4. 605
3.250
3. 178
3, 079
3. 276
3,345
3. 443
05. 95
(it;, oo
M. r,o
65. 4(i
6.5. 50
66. 00
65. 95
66. 00
66. 50
65. 95
66. 00
66. 50
ton
66. 50
65. 95
66. 00
66. 50
653
902
515
680
963
527
704
1,021
544
674
1,046
57°
628
990
553
643
800
452
660
56
60
36
73
72
72
74
50
70
80
69
74
73
72
66
8, 194
101.2
9, 236
115.7
7. 536
91.3
6. 692
83.8
6,174
74.8
7. 098
SO. 0
7. 251
90.8
7, 781
94. 3
7, 846
98. 3
8, 080
97.9
8. 391
101.7
8.222
183
119
93
206
130
102
190
136
107
172
127
101
176
173
113
88
167
171
112
89
175
106
83
181
109
86
103
115
91
196
116
91
308
113
86
331
122
92
311
123
94
299
122
94
302
97
72
301
109
84
280
101
271
116
89
277
108
83
282
97
74
9Q9
115
85
305
111
82
5. 879
231
395
522
86
916
597
199
112
592
259
505
6. 183
220
431
567
106
980
624
226
122
663
295
564
2, 356
605
1,128
5. 360
188
402
453
87
830
500
101
676
273
587
1 , 862
504
822
4, 505
177
351
381
70
701
413
204
78
600
209
506
1.509
421
669
5, 402
197
409
438
60
854
646
1, 126
6. 783
262
434
639
113
1,048
698
211
130
660
302
532
2, 794
738
1, 371
723
2 3
571
1,897
530
829
5, 125
194
351
430
54
824
522
205
91
623
249
453
1, 947
531
875
5, 579
217
394
453
68
915
570
233
104
595
266
376
2, 297
622
1, 077
5, 499
225
375
483
73
881
584
187
103
485
238
337
2.401
671
1,148
5, 001
211
330
460
68
778
531
147
93
394
199
303
2, 257
643
1, 090
5,731
238
354
484
71
878
612
144
113
440
237
539
2, 491
680
1.208
5, 604
235
366
514
97
849
593
141
108
433
231
495
2, 384
668
1,130
10.6
M. 3
M. 4
3.4
12.4
4.9
4.5
3.6
12.1
4.5
4.8
3.6
11.4
3.9
4.6
3.5
10.9
3.5
4.0
3.5
10.5
3.9
4.3
3.4
9.9
3.7
4.3
3.3
9.2
4.1
4.8
3.2
8.9
3.9
4.2
3.2
8.7
3.9
4.1
3.3
8.8
4.4
4.3
8.9
4.2
4.1
3 9
7 2
7.6
7.1
6.7
6.8
6.6
6.5
6.5
6.8
6.3
6.7
6.3
6.7
6.4
7.2
6.8
7.4
6.8
61,153
49, 447
5,183
70,911
14, 40S
50, 934
5, 569
82. 007
13. 657
62. 492
5. 858
' 654
85. 725
13.047
11.271
262
M. 194
13, 152
6, 429
79.014
15,098
52.61:1
6, 196
6, 148
41.054
116
Pig Iron and Iron Products
P iir iron:
Production (excl. blast furnace production of ferroalloys)
thous sh tons
Consumption
do
Stocks (consumers' and suppliers'), end of mo.
thous. sh. tons..
Prices :
Composite
$ per Iff ton
Basic (furnace)
do
Foundry, No. 2, Northern
do
Castings, gray iron:
Orders, unfilled, for sale, end of mo.
thous. sh. tons..
Shipments totalcf
do
For saled"
do
Castings, malleable iron:
Orders, unfilled, for sale, end of mo.
thous. sh. t o n s _ _
Shipments total
do
Steel, Crude, Semifinished, and Finished
Steel ingots and steel for castings:
8, 168
Production
.
- thous. sh. tons
Index
_
1957-59 = 100 . 100. 9
Steel castings:
Orders, unfilled, for sale, end of mo.*
153
thous. sh. tons..
101
Shipments, total
do . .
78
For sale, total _
. do _
Steel forgings (for sale):
274
Orders, unfilled, end of mo
do
99
Shipments, total _ __
. __ . _ _ _ do
73
Drop and upset
do
Steel products,
net shipments:
Total (ah1 grades)
do
Semifinished products
... _ __ _
do __
Structural shapes (heavy), steel piling. ...do
Plates
..
-do
Rails and accessories
do ...
Bars and tool steel, total
do
Bars: Hot rolled (incl. light shapes)
do
Reinforcins
do
Cold 0
finished
do
Pipe and tubin "
do
Wire and wire products
do
Tin mill products
_ . . . _ _ _ _ do
Sheets and strip (incl. electrical), total
do
Sheets: Hot rolled
do
Cold rolled
do
Steel mill products, inventories, end of mo.:*
Receipts during month
Consumption during month ...
Warehouses (merchant wholesalers)
Producing mills:
do
do _.
do
5,510
212
395
496
70
839
532
204
98
589
253
510
2, 147
585
1,013
2.373
7.0
6.8
7.5
6.9
Finished (sheets, plates, bars, pipe, etc.) .do
.0698
.0698
. 0698
Steel (carbon), finished, composite price.. .$ per lb._ ~~.~0698~ . 0698
T
Revised.
v Preliminary.
9 Includes data not shown separately.
cf Scattered revisions for 1959-61 are available upon request.
*New series (Bureau of the Census). Data for steel mill inventories represent indus try
t}r>. 50
551
23°
76
68
80
5. 584
5. 677
P 5' 414
6, 449 ;
0. 763
' 3. 040 P 2, 970
o 9
62.95 ' 62.95
•P 63. on
"(53. 50 i
62.95
80° '••
1. OS2 i
S3
"S!
j. ",
10,080 "10.095 n 1,4-1
110.3
7.3
7.0
127
.
310
I
6. 601
27''
442
613
102
1,009
703
177
120
504
282
567
\
7. 308
314
498
632
.
109
! 1. 119
;
735
1
247
'
129
i
706
j
324
i
567
j
!
2,840 ! 3.038
804 1
1,354
888
1,434
'4.9 \
4.6 1
3 1
I
7.5 !
7. 1 1
5^4
4.9
__
7.6 !
7.2
.0698 ! .0701
. 0704
. 0698
.0698
.0698
.0698
.0698
. 0698
.0698
.0698
totals for the specified holders of steel mill shapes; stocks held by nonmanufact.uring industries
are not shown. Consumers' operations include fabricating activities of steel producing
companies. For warehouses, data are derived from value of inventories.
SURVEY OF CURRENT BUSINESS
June 1903
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
1962
Monthly
1962
Apr.
average
S-33
May
June
July
Aug.
1963
Oct.
Sept.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
389
355
2, 613
May
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel, Manufactured Products
Fabricated structural steel:
Orders, new (net")
Shipments
Backlog end of vear or mo
thous. sh. tons_.
__ do
do
Barrels and drums, steel, heavy types (for sale):
Orders unfilled cud of mo
thous
Shipments
do __
Cans (tinplatc), shipments (metal consumed),
total for sale and own uset
thous sh tons
343
318
2.723
302
322
2, 624
274
312
2, 414
294
357 :
2, 352
292
349
2, 406
239
308
289
367
2, 301
326
314
2, 316
1, 521
1, 834
1,404
1.947
1, 438
1. 945
1,425
2, 259
1,460
2, 240
1 , 402
1 992
1.331
2. 079
418
431
395
462
478
51°
173. 7
50. 0
184. 2
52. 0
1 79. 1
52. 0
301
357
351
324
315
2, 475
478
282
2.624
328
935
2, 609
286
244
2, 708
312
306
2,864
1 421
1, 850
1 . 924
1,?66
1,816
1 . 285
1.537
1.296
1,714
1,395
1,807
1.297
2. 059
630
569
437
333
320
338
310
365
184.1
41. 0
J6S. !
46.0
1 76. 2
46. 0
185.2
52. 0
179.7
51.0
182.4
47.0
184. 2
49. 0
163. 0
57.0
181.6
61. 0
181.3
9
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous. sh. tons_. 158.6 1176.5
1 28. 2 P 37. 9
Est^mated recovery from scrap
do
Imports (general):
25. 6
in. 6
ATetal and alloys, crude _
,
do
4.9
4.1
Plates, sheets, etc __
do
Stocks, primary (at reduction plants), end of mo.
thous sh tons
Price, primary ingot, 99.5% min
$ per lb._
Aluminum shipments:
Ingot <\nd mil' products (net) At
mil Ib
ATI 11 products total f
do
Plate and sheet (excJ. foil)§
do
Castings*
•- --- -- do
Copper:
Production:
Mine, recoverable copper
thous. sh. tons._
P^e finery primary
do
From domestic ores
do
From foreign or^s
do
Secondary recovered as refined
do
Imports (general):
Refined, unrefined, scrap©!
.
do
Refined
do
Exports:
Refined, scrap, brass and bronze ingotst--do
Refined
do
Consumption refined (by mills etc )
do
Stocks refined, end of mo., total
Fabricators'
Price, bars, electrolytic (N.Y.)
do
do
$ per lb__
Copper-base mill and foundry products, shipments
(quarterly avg. or total):
v^oppei mi v (,...•
; I\m
^
A
Brass and bronze foundry products
do
Lead:
Production :
Aline recoverable lead 0
thous sh tons
Secondary, estimated recoverable©
do
Imports (general), ore©, metal*,
Consumption, total©
do
_ do
Stocks, end of year or mo.:
Producers', ore, base bullion, and In process©
(ABATS)
thous. sh tons
Refiners' (primary), refined and antimonial
thous sh tons
1
Consumers' d
- do
Scrap (lead-base, purchased), all smelters
thous sh tons
Price, common grade (N.Y.)
_ $ per Ib
Tin:
Imports (for consumption) :
Ore©-.
Bars, pigs, etc J
As metal
Consumption pig total
Primary
Exports, incl. reexports (metal)
Stocks, pig (industrial), end of ino
Price, pig, Straits (N.Y.), prompt
Ig. tons-do
--
12.6
23. 2
5. 7
10.4
30. 0
6. 1
9. 7
33.1
6.0
10 3
38. 9
5. 2
1° 7
27.3
5.3
10. 3
29 8
4.0
17 1
4.4
11 5
25. 7
4.4
9 7
22 2
2.3
13 8
22.3
1.7
5.2
21. 5
3.4
17.0
18. 6
3.5
16 6
r,n fi
3.3
16 8
258. 2
. 2540
153. 1
2388
154. 5
. 2400
137. 8
.2400
132. 6
. 2400
1 31 . 7
. 2400
130.8
. 2400
148. 3
. 2400
148.1
. 2400
152.9
. 2100
140. 1
. 2254
154. 4
. 2250
139. 0
. 2250
119. 6
. 2250
101. 7
. 225!)
403. 4
278.8
124. 4
63. 5
464. 3
317.6
142. 6
77.2
474.1
315.9
142. 2
78.8
499. 0
354. 3
160. 4
83.3
506 6
347 5
158. 8
77.4
449. 2
320. 4
144. 3
60. 7
443. 8
319. 9
137. 0
74. 3
436. 0
293. 9
126. 3
74. 5
477. 3
324. 5
143. 5
85. 6
473. 4
318. 5
139. 6
S2. 9
436. 9
282. 5
131. 1
74.6
487. 1 r 471. 0
330. 6 r 307. 1
153. 9 r 136. 7
' 84. 5 79.2
495. 3
344.3
159. 8
82.5
97. 1
129. 2
98.4
30.8
21.9
102. 3
134. 3
101.2
33.1
22.7
109. 5
126. 5
98. 6
27.9
22.3
113.8
146. 1
109. 3
36.8
24.9
102.8
145.8
109. 1
36.7
25.2
91.5
124. 5
90. 9
33.6
21. 0
93.8
89. 9
2 249. 3
2 186. 3
2 62. 9
246.8
106.1
132. 3
101. 4
30. 9
25. 8
104.2
1 42. 0
104. 1
37.9
22 4
101. 9
127. 9
99. 5
28.4
21.1
99. 5
121.6
107. 1
14.6
22.8
94.4
121.7
92.5
29.2
25. 6
•• 105. 1
134.3
100. 6
33. 6
27 5
38.4
5. 6
40. 1
8.2
16.9
5.9
64.6
5.3
41.4
6.9
47.0
8.1
99 5
28.3
5.3
62. 6
14.1
21.5
6.4
39.9
20.2
26. 2
7.6
24.7
6.6
61.3
4.4
24.0
48.4
35.7
124.0
32.1
28.0
" 134. 2
30.8
26 2
138.8
30.2
27.2
142. 6
37.5
34.6
142. 9
26.3
22 q
95.8
32.0
27.4
137. 6
32.3
28.2
132.9
23. 1
20.0
146. 1
140. 6
37.5
35. 4
121. 8
13.9
19 7
147. 6
27.3
24.2
142. 6
187.7
105. 1
.2992
P 177. 5
P 102. 0
. 3060
142.4
96.8
.3060
153. 3
98.4
. 3060
157. 1
102. 5
.3060
206. 8
121.1
. 3060
204.2
105. 4
. 3060
194.4
104. 0
. 3060
205.9
100.3
. 3060
201 1
100. S
. 3060
201.2
102. 0
. 3060
200.8
104. 0
. 3060
199. 6
98. 2
.3060
517
388
212
578
409
229
21.8
37.7
19.8
36.9
24.1
35.5
25.1
37.7
24.1
36.6
21.3
31.8
16.8
35.7
13. 9
37.3
14.8
40.7
14.4
40.2
14.2
36.7
15. 5
37.5
13.2
38.7
33.7
85. 6
33.4
90.1
36.3
83.8
33.8
91.9
30.9
87.6
23. 2
77.2
33.8
93.1
36.3
89.2
38.9
103.8
26.3
94.4
25.7
90.2
31.1
99.7
24.1
95.1
do
Consumption (recoverable zinc content) :
Ores©
do
Scrap all types
do
940
-
r
35.2 _ . _ _
8.4
30.6
26.8
153. 3
29.7
24.7
p 147. 6
193. 3
98. 9
. 3060
p 184. 4
p 98. 8
.3060
r
590
499
227
595
r 413
r
14 8
41.4
20 8
34.9
91.9
30.1
80.8
91.0
88.3
95.1
94.3
96. 5
87.4
87.7
95.1
91.1
91.0
88.1
87.1
79.7
144. 6
90. 0
199.7
106.7
193. 7
106. 6
188.4
106. 0
191.1
102. 1
188.4
99.4
179.5
92. 0
172. 1
90.8
161.9
94.7
144.6
90.0
132.9
94.4
119.8
95.0
112.7
99 0
41.3
.1087
43.5
.0963
33.9
.0950
35. 4
. 0950
36.5
. 0950
39.9
.0950
39.0
.0950
35.4
. 0950
35.6
.0950
38. 1
. 0995
43. 5
. 1000
46.8
.1030
49.5
. 1050
47.4
.1050
.1050
743
447
3,422
1 800
245
6,590
4,550
728
3, 457
1 795
240
6,920
4,850
622
4,315
1 920
265
7,230
5,170
1,005
2, 383
1 8°()
235
6, 710
4,735
530
2, 784
1 630
270
5, 610
3,850
60
242
4, 042
1 700
240
5, 690
3,910
0
2, 809
1 990
255
6 080
4, 150
340
4
0
0
1 895
260
6,000
4.030
100
3, 152
1 675
260
5. 515
3. 760
42
1 700
255
6,150
4,175
1, 875
215
6, 365
4,415
1 760
195
6,235
4,485
1 810
250
6, 520
4,190
36
21,730
1. 1461
9
3
22, 135 20, 510
1. 2212 1. 1719
21
1
20, 735 20, 225
1. 1302 1. 1145
45
23
19, 695 322, 100
1. 0846 1. 084(5
4
9
61
110
20,865 420,575 421,654 4 21,505
1. 0876 1. 1078 1. 1064 1. 1106
4
64
84
22, 095
1. 0854 T0922~
.1050
84
"I!" 1362"
38 7
42 l
42 3
43 9
42 7
38 3
44 7
42 1
46 7
44 0
42 6
43 6
41.5
* 43.6
45.2
34.6
10 6
39.0
11 8
31.9
13 2
53.3
9 2
45.2
9 8
40.2
13 8
34.2
8 2
40.0
11 5
39.7
11 7
34.0
10.2
32.1
14 4
31.9
8.7
32.2
7.9
29.6
18.0
34.3
11.7
8.1
14.9
7.9
19 8
7.9
20 1
86
21 8
7 8
20 8
7.5
16.8
7.8
56 2
7. 7
31 7
8.1
21.7
7.6
19.2
8.5
17.8
7.6
16.1
7.4
15.6
7.9
16.1
5
. 3060
r 235
100.6
T
Revised.
p Preliminary.
* Recoverable aluminum content. Monthly data are
expressed in metallic content (incl. alloying constituents). 2 Data are for Aug. and Sept.
1962.
3 Includes 3,000 tons of tin made available by GSA for disposal at a maximum rate
of 200 tons per week during remainder of 1962.
4 Includes tin held by GSA.
s Aug. 1962 consumption of copper-base scrap is included
in Sept.for
1962
data.
Digitized
FRASER
535
390
212
607
r
. 2250
105. 0
132. 1
101.2
30. 9
25 4
205. 6
99. 1
do
do
do
67
do
22, 630
do
1.
1327
$perlb_.
Zinc:
Mine production, recoverable zinc
Imports (general):
Ores©t
10.7
"l" 1665"
§ Effective with Feb. 1962 SURVEY, excludes shipments of foil; see note in Mar. 1963 SURVEY.
ABeginning Jan. 1963, net shipments of ingot derived by new method to include imports
not previously included.
©Basic metal content.
{"Scattered revisions for 1960-Feb. 1961 will be showri later.
d"Consumers' and secondary smelters' stocks of lead in refinery shapes and in copper
base scrap.
O Revisions for 1961 are shown in the Nov. 1962 SURVEY.
SURVEY OF CURRENT BUSINESS
S-34
Unless otherwise started, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
1962
Monthly
average
.Tun
1963
1962
Apr .
May
Juno
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND PROD.— Con.
Zinc— Continued
Slab zinc:
Production (primary smelter), from domestic
and foreign ores
thous sh tons__
Secondary (redistilled) production _- -do
Consumption fabricators'
do
Exports
do
Stocks, end of year or mo.:
Producers', at smelter (AZI)A
___do
Consumers'
do
Price, prime Western (St. Louis)
$perlb._
HEATING EQUIPMENT, EXC. ELECTRIC
Radiators and con vectors, cast iron :
Shipments
mil sq. ft. radiation..
Stocks end of year or mo
do
Oil burners:
Shipments
- thous.
Stocks end of year or mo
do
Stoves and range's, domestic cooking:
Shipments
total
(excl
liquid-fuel
types)
do
Gasd"1
do
Stoves domestic heating, shipments, total do
Gasf
-- -- - do
Warm-air furnaces (forced-air and gravity air-flow),
shipment^ total t
- thous..
Gas
do
Water heaters gas shipments
do __
MACHINERY AND APPARATUS
Fans, blowers, and unit heaters, qtrly. totals:
Fans and blowers new orders
mil. $__
Unit heater group new orders©
do
Foundry equipment (new), new orders, netl
mo avg shipments, 1957-59—100
Furnaces, industrial, new orders, net:
Fjlectric processing
mil $
Fuel-fired (exc for hot rolling steel)
- do_.
77.6
4.2
73.8
4.6
84.5
3.0
78.7
5. 1
86.4
6.5
78.9
4.1
91.1
2.5
68.9
4.1
80.3
2.4
66.8
4.0
66.7
2.4
69.1
3.7
79.4
1.6
70.6
4.0
83.3
2.1
72.7
5.3
89.4
3.5
71 7
4.4
86 1
3.5
76. 0
3.9
81. f.
1.6
76.2
3.8
84.8
.4
68.7
3.6
81.3
3.3
76.1
3.9
86.5
3.2
145. 5
93.8
.1154
149.6
75. 5
.1162
144.6
83.9
.1150
145. 3
76.1
. 1150
147. 1
72.5
.1150
162.4
72 8
. 1150
167.9
68.7
.1150
168.9
61.6
. 1150
159. 4
63. 1
.1150
154.2
68 0
.1150
149.6
75. 5
. 1150
157. 1
72.0
. 1150
154.7
'68.9
.1150
154.2
66.4
. 1150
1.5
2.6
1.0
2.9
.6
3.2
.8
3.4
1.0
3.4
.9
3.0
1.3
2.7
1.4
2.5
1.6
2.1
1.1
2.1
2.9
1.0
2.9
.9
2.9
1.1
3.3
43.7
44.7
39.8
49.9
28.8
62.8
36.4
64.0
41.3
65.4
31.6
64.1
50.1
62.2
62.0
55.2
62.7
52.7
34.4
53.0
26.7
49.9
32.8
56.3
33.5
60.4
32.9
64.5
147.8
144.7
166.7
163.6
163.2
159.7
168. 3
165.5
167.4
164.4
142.2
139.3
182.0
178.4
186. 5
182.5
195.9
191.6
165.2
161.9
147. 6
145. 5
150. 0
148. 2
'161.3
159.1
177.1
174.7
143.2
91.6
157. 0
94.1
84.7
44.8
110.4
54.6
138.0
88.6
161.6
95.4
277.2
154. 0
251.8
150. 0
281. 3
166. 5
201.5
142.7
93. 5
62.2
101.8
58.8
'97.4
' 47. 2
125.4
78.2
97.9
76.7
204.7
108.9
87.1
217.7
90.5
75.1
201.8
98.7
81.6
195.8
107.2
88.5
232.2
111.8
89.9
201.2
134.5
105 2
226.1
154.4
117.4
194.4
153.3
117.6
255. 6
111.1
87.6
238.4
90.4
74.5
251. 8
94.1
77.3
199.2
91.2
75.4
189.4
90.8
75 2
195 2
140.8
U5.7
i 40.2
'16.2
4.6
37.2
15.1
45.8
18.4
36.4
17.6
140.7
126.5
.1150
.1150
39 3
13 2
111.4
117.7
82.3
131.5
233.9
116.2
82.2
84.0
126. 3
77.0
127.6
124 6
87 9
107 3
1.0
2.6
1.2
2.8
1.1
2.9
1.2
3.4
1.7
2.1
1.2
3.9
1.2
1.6
1.0
1.6
1.1
1.9
1.1
5.1
.8
1. 7
.8
.8
1.8
3.4
10
5.5
19
3. 1
103.4
89.6
112.6
106.8
115.6
107.5
131. 3
107.9
129.4
118.7
110.2
111.2
104.7
119.2
109.8
109.4
121.0
119.3
100.6
122.3
99.2
109.3
134.1
88.5
120.2
385
380
500
471
541
388
535
533
492
560
568
524
517
420
528
500
527
503
525
504
576
538
573
536
483
600
529
793
579
550
1,639
2,232
2,180
2, 272
2,641
2,368
2,681
2, 525
2,881
2,249
2.195
1, 730
1,765
2,137
2,212
.mil. $__
do
do
do
__ months
46. 35
31.40
42.30
28.60
5.0
44.80
36.70
47.85
35.15
4.2
43.70
34.45
48.70
35.30
4.3
51.65
41.65
54. 60
36.40
4.1
50. 00
40. 25
60.00
41.90
3.9
46. 60
37.45
39. 45
28. 95
4.0
38.50
33. 20
39. 50
29.65
4.1
39. 35
31.60
43. 70
33.70
4.0
48.30
41.90
44 75
34.75
4.1
47. 25
40.65
48.05
38.85
4.0
51. 65
43.30
55. 15
43.00
3.9
46 20
37. 40
35. 80
29. 75
4.2
53. 35
44.80
43 05
34.30
4.6
' 61. 55
' 49. 55
r
50 00
'41.65
r
5 0
61. 70
47 70
46 65
39 40
5 1
mil. $
do
do
do
months
10.90
8.20
12.40
9.30
3.6
14.60
11.65
12. 40
9.30
4.6
16.20
11.60
11.65
8.10
5.0
11.95
9.60
12.10
9.25
5.1
13.40
10.40
13.70
10.40
5.0
14.00
9.40
12.50
10.65
5.0
12. 50
9.15
11.40
9.15,1
5.1
10.75
9.85
9.45
7.35
4.9
16.30
14.35
16.90
12.70
4.7
14.65
12.25
12.70
9.40
4.7
15. 15
14.10
14.15
10.55
4.7
13.95
12.20
13. 30
11.50
4.8
19 20 ' 12 85 16 00
16.50 ' 11 85 11 45
14 05 ' 17 35 14 00
10.05 ' 14 60 11 25
r
5.1
4. 7
4 7
215.7
57 7
14. 2
2 ig 9
2 20 4
2 26 7
249 8
2 60 4
-' 69 2
Materlal handling equipment (industrial) :
New orders indexf
1957-59=100
Shipments indexf
do
Industrial trucks (electric), shipments:
Hand (motorized)
number..
Rider-tvpe
_
do
Industrial trucks and tractors (gasoline-powered),
Machine tools:
Metal cutting tools:
Orders, new (net), total
Domestic
Shipments total
Domestic
Estimated backlog
_-
Metal forming tools:
Orders, new (net)
Domestic
Shipments
Domestic
Estimated backlog. _ .
-
70.6
Other machinery and equip., qtrly. shipments:
Construction machinery (selected types),
total 9
mil $ 1237.4
1
59.4
Tractors tracklaylng, total
do
i 18.6
Tractors, wheel (con. off-highway)
do
Tractor shovel loaders, integral units only
155.2
(wheel and tracklaying types)
mil $
Tractors, wheel (excl. garden and contractors' 1
107. 4
off-highway types)
mil $
Farm machines and equipment (selected types),
excl tractors
mil $ i 181. 3
ELECTRICAL EQUIPMENT
Batteries (auto, replacement), shipments
thous..
Household electrical appliances:
Ranges (incl. bullt-ins), sales, totalt
do..
Refrigerators and home freezers, output^
1957-59 = 100..
Vacuum cleaners, sales billed
thous..
Washers, sales (dom. and export)©
do
Driers, sales (dom. and export)*
...do
i 254, 9
' i 64. 2
120.0
325.3
81.9
30.8
257 8
64 0
21 4
157.0
67.8
59 8
52 2
'1130.1
153.1
97 1
138.2
1 197. 7
237.6
190 6
142. 3
°41 2
2, 359
2, 540
1, 551
1,770
1,967
2,143
2,591
2,979
3,540
3,197
3,287
3.762
2. 678
'1.665
1, 550
127.5
137.1
131.0
136.0
146.4
114.2
128.5
154.2
140.3
136.6
141.8
124.6
145.3
164.0
139 8
107.0
273.6
278.9
98.8
119.2
309.3
305.5
116.4
134.0
290.7
265.2
69.6
122.7
282.9
296.0
57.6
144.7
247.3
334.9
70.2
116.9
236.8
264.2
83.9
75.6
301.5
348.7
125.6
123.0
355. 1
389.2
175.5
114.3
366.0
337.0
181.7
114.1
366.7
292.1
161.8
117.5
329.1
250.8
143.0
100.1
322.9
293.3
129.2
122.5
356.9
300.8
115.7
134.1
406.0
363.6
112.7
130.6
340.8
' 279. 5
'72.3
Radio sets, production §
_ _
do
1, 447. 8 1, 596. 8 1,472.7 1,444.1 31 721 9 1 134.2 1 253 8 32 196 4 1 835 9 1 735 3 3i 741 9 1 229 5 1 389 7 31 568 4 1 359 8 1 3"9 7
Television sets (Incl. combination), prod.§...do
336.4
514.8
539.3
510.6
474.6 3620.7
570.0
484. 4
517.3 3 519. 8
500.7 3 731. 5
557. 9 s 696. 4 ' 548. 6 507. 6
Electron tubes and semiconductors, factory sales
78.5
75.9
76.6
78.4
76.3
79.9
60.5
mil. $
79.4
75.6
80.1
72.0
71.5
67.6
' 75.0
Insulating materials, sales, Index
1947-49=100
154
134
155
166
149
160
119
148
142
152
153
Motors and generators:
New orders, index, qtrly
do
i 146
U50
138
145
157
New orders (gross) :
Polyphase induction motors, 1-200 hp_.mil. $._
12.3
12.4
13.1
13.8
12.4
13.3
11.9
11.2
12.8
12.2
11.4
11.8
11.1
13.1
D.C. motors and generators, 1-200 hp
do
2.3
2.2
2.0
2.5
2.4
1.7
2.2
1.9
2.2
2.5
2.4
1.8
2.4
2.6
2
f Revised.
i Quarterly average.
For month shown.
3 FOF 5 weeks.
4 Domestic only.
AProducers' stocks, elsewhere, end of May 1963,27,200 tons.
cf Includes data for built-in gas fired oven-broiler units, shipments of cooking tops, not
included in figures above, totaled 29,500 units in Mar. 1963.
t Re visions for gas heating stoves (1960-61), warm-air furnances (1959-61), and material
handling equip. (1954-61) are available.
©Beginning 1961, excludes new orders for gas-fired unit heaters and duct furnaces; revisions for 1960 are shown In the Apr. 1962 SURVEY.
9 Includes data not shown separately.
^Revisions for 1960 appear in the Feb. 1962
SURVEY.
INote change in reference base; data prior to 1960 on 1957-59 base for refrigerator
index are available.
OData exclude sales of combination washer-drier machines: such sales (excl exports)
totaled 2,400 units in Apr. 1963.
SUEVEY OF CUKEENT BUSINESS
June 1063
1961
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1962
S-35
1963
1962
Monthly
average
Apr.
May
June
Sept.
Aug.
July
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
1,660
1 511
1,611
1, 345
1. 595
215
70
184
266
29.08
29 14
13. 468 13. 930
29.14
13.930
29.14
29. 14
13. 930 pl3. 930
34, 100
Apr.
May
1, 492
1 683
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
thous. sh. tons.. i 1, 454
193
Stocks in producers' yards, end of mo
do __
120
Exports
do
Prices:
Retail, stove, composite
$ per sh. ton-- 28.14
13. 347
Wholesale, chestnut, f.o.b. mine__
do
156
1,254
156
53
1,315
193
112
1,336
217
159
904
195
162
1, 325
171
226
1,190
159
173
1,525
124
228
28.63
13.050
28.88
11. 998
28.14
11. 998
27.75
11.998
28.00
12. 488
28.09
12.488
28.11
12. 978
29.06
13. 468
Bituminous:
Production
thous. sh. tons
Industrial consumption and retail deliveries,
total 9
thous. sh. tons..
Electric power utilities.
do
Mfg and mining industries, total
do
Coke plants (oven and beehive)
do __
133,581
35,250
34,313
37,046
37,673
22 169
39,080
34,237
40,385
37,349
33,204
36, 870
131,200
14, 969
113,856
i 6, 157
32,315
15, 903
14,006
6,189
30,874
14,137
T
14, 904
7,179
29, 852
15, 134
13, 828
6, 437
28,443
14, 987
12,570
5,478
27, 940 30,073
15,332 16, 288
1 1 , 579 12,239
5,361
5,141
29, 371
14,995
12, 223
5, 350
31, 960
15, 968
13 436
5, 574
32, 875
16, 441
13 597
5, 503
36,703
18, 213
14,654
5, 860
39, 886 r35, 862
19, 684 r 17, 624
15, 491 r!4,310
5, 753
6,153
2,311
2,349
1 794
798
796
1, 455
2 065
2 464
2,752
3 814
Retail deliveries to other consumers
do
Stocks, industrial and retail dealers', end of
month, total 9
thous. sh. tons__
Electric power utilities
do
Mfg and mining industries, total
do
Oven-coke plants
do.
1,404
947
69,126
47,618
20,970
9,680
67, 960
46, 665
20, 845
9,044
538
449
296
398
466
477
2.914
3,201
Exports
do
Prices:
17.30
Retail, composite.
$ per sh. ton_. 17. 12
Wholesale:
25.018 2 4. 918
Screenings, indust. use, f.o.b. mine
do
7.541 2 7. 443
Domestic, large sizes, f.o.b. mine
do
2,854
3.790
3, 530
3, 087
17.43
16.97
16. 89
16.95
Retail dealers
COKE
Production:
Beehive
Oven (bvproduct)
Petroleum coke§
Stocks, end of month:
Oven-coke plants, total
At furnace plants
At merchant plants
Petroleum coke
Exports
do. _
64, 185
43, 171
20, 718
9,431
3
66, 402
44, 965
21,039
9,666
69, 327
46, 782
22, 079
10, 355
66, 098
45 153
20, 468
8. 257
208
33, 640
38. 035
31, 283
15, 378
14,861
6, 910
2.302
1,011
59, 473 56, 959
41,454 39, 704
17, 677 16, 949
* 7, 233 6,595
59, 704
41, 554
17, 907
6, 883
303
3,928
r
72, 818
51. 442
20, 867
8,622
530
70, 241
49, 274
20, 445
8,180
500
509
543
482
390
342
306
4, 165
3,949
3, 993
3,643
2,656
2,223
2,548
2,722
17.00
17.31
17.55
17.54
17.62
17. 63
17.63
68, 489
47, 340
20, 619
8,277
73, 578
51, 793
21, 242
8 849
4. 932
3 7. 329
4.932
7.164
4.914
7.179
4.914
7.271
4.914
7. 300
4.914
7. 539
4.914
7.608
4.914
7.742
4.914
7.858
T
17.62
3
3
17.52
4. 739
4. 752 M. 752
7. 281 * 7. 279 p 7. 201
66
4,259
1,312
69
4 928
1, 170
57
4 453
1,337
53
3 788
1 392
42
3 552
1 339
48
3 692
1.369
50
3 692
1,302
62
3 852
1 323
64
3 824
1 267
54
4 034
1.368
64
4 246
1 315
65
3,955
1,236
5
4, 398
5 3, 030
1,369
1, 064
37
3, 901
2,799
1,103
1. 053
33
3,651
2,507
1 144
1,031
39
3,775
2,624
1 150
1,014
28
3,835
2,700
1 135
1 012
31
3,978
2,838
1 141
1 048
34
4, 065
2,971
1 094
1,010
51
4,174
3, 094
1 079
1,044
48
4,131
3,084
1 047
1 037
38
4,019
3,024
994
1 080
12
3,930
2.949
981
1,176
52
3, 771
2,832
939
1 191
15
3,496 ' 3, 322
2,474
2,622
r
848
874
1,201
1,204
31
21
1,821
2.97
248.9
82
1,781
2.97
255.8
84
1,527
2.97
243.0
81
2,126
2.97
256. 3
83
1 732
2.97
258 8
86
1 711
2 97
264 4
85
2 028
2.97
262.5
85
1,499
2.97
252.7
84
2 023
2.97
256 1
83
1 730
2.97
251 0
84
1 830
2.97
263.6
85
1 809
2.97
269 4
87
1,593
2.93
251.4
r
90
1,611
»2. 93
269.0
87
306.9
317.2
311.2
312.6
305 4
313 7
319.5
311 4
322 6
320 0
330 7
344 1
311 0
334.6
218.5
30.2
223.0
30.9
221.7
30.3
223. 0
30.4
217.7
29.1
224.0
31.0
224.2
30.4
219.6
30.2
228.4
31.5
223.2
31 9
228.8
33.3
226.4
33.5
212.4
32.1
234. 3
34.4
31.8
26.5
3.4
34.3
29.0
' 1.0
32.2
26.9
19.8
34.2
25.1
14.6
33 8
24.7
14 1
35 9
22.8
17 6
40.3
24.5
17.3
34.4
27.2
21 1
35 8
26.9
11 0
33 3
31 6
— 15 9
31 3
37.2
—26 7
41 0
43.1
—41 4
30.9
35.5
— 33. 4
36.1
29.8
+11.5
do
303.6
316.2
291.5
298.0
291.3
296.2
302.2
290.3
311.6
335 9
357.4
385.4
do
do
do. .
do
do
.3
5.0
298.3
127.8
12.0
.1
5.0
311.1
132.0
13.7
.1
4.9
286.4
129.5
10.6
.3
5.2
292.5
140.7
9.0
9
4.8
286. 5
140.4
9 2
5.0
291. 0
142.5
10 9
5.2
296. 8
147.2
10.6
1
5.7
284. 5
126.4
12.0
4.0
307. 6
136.9
13.6
2
4 8
330.8
133 2
16 2
1
5.6
351.6
125.6
19 7
2
4.1
381.1
9
124. 4
9
22 6
do
do
do
57.9
45. 7
8.7
61.0
45.4
9.4
53.7
40.5
8.9
44.6
38.6
10.0
40 0
34.5
10.4
40 6
33.7
8.7
36.6
35.0
10.1
44.4
38.8
11.6
51 3
43.1
8.9
72 0
52 4
84
89 8
58.9
8.9
do
do
do__
3.5
9.0
19.5
3.6
9.5
21.3
3.8
6.9
18.4
4.0
11.2
17.8
37
13 8
17.5
3. 6
14 9
19.0
3.8
17.2
18.4
3.5
13 3
19.5
39
13 3
20.8
36
7 g
22.8
30
38
27.6
do
do
do
do
7 814. 3
249.4
35.9
7
529. 0
820.6
248. 1
35.2
537.3
783.9
255.9
32.8
495.2
798.4
255. 7
35.3
507.4
812 5
247 7
37.3
527 4
830.1
242 4
39.1
548 6
847.4
243.6
40.3
563.5
868.5
244 2
40.4
583. 9
879 5
251 7
39.3
588 5
863 6
256 3
36 7
570 6
836 9
252 0
31.4
553.5
9
do
do
do
127.7
.7
189.5
131.8
5
188.6
123.6
6
200.4
131.9
.3
192.4
132 7
6
185.5
139 7
6
183.1
136.6
8
173.0
132.5
8
179.9
132 7
8
176.4
131 3
4
175.4
139 2
5
190.1
9
do
do
do
do
do_
41 210
r
*73
4 4, 236
1,256
thous. sh. tons
do
do
29.14
34, 872
17, 073
15,496
6, 719
4,710
69, 691 63, 804
48 975 44. 906
20, 234 18, 508
8 305 7.339
r
r
r
'66
4, 628
1, 337
81
4 741
3, 192
2, 354
838
PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed
Price at wells (Okla.-Kansas).
Runs to stills
Refinery operating ratio
number
$ per bbl
mil. bbl
% of capacity..
All oils, supply, demand, and stocks :J
New supply total
mil bbl
Production:
Crude petroleum
__ _
do __
Natural-gas liquids, benzol, etc _ ._ do
Imports:
Crude petroleum
do
Refined products
_
do___
Change in stocks, all oils (decrease, — )
do
Demand, total
__
Exports:
Crude petroleum
Refined products
Domestic demand, total 9
Gasoline
Kerosene
Distillate fuel oil
Residual fuel oil
Jet fuel
..
Lubricants
Asphalt
Liquefied gases
_
__
Stocks, end of month, totalV-- -Crude petroleum
Natural-gas liquids
Refined products^
-- -- Refined petroleum products: J
Gasoline (incl. aviation):
Production
Exports
Stocks, end of month..
Prices (excl. aviation):
Wholesale, ref. (Okla., group 3)
$ per gal._
Retail (regular grade, excl. taxes), 55 cities
(1st of following mo.)
$ per gal _
T
1
Dec.3
with
Dec.
45
'•
(8)
9
T
r
344. 4
323.1
.l
8.2
r
336. 2
115.3
r
19.0
.1
5.5
317.5
128.3
14.2
103 2
65.0
98
88.4
57.7
8.4
71.9
49.3
7.7
38
34
28. 4
3.1
2 8
23.5
3.4
4 4
18.2
759. 5
240 4
20.9
498. 3
771.0
241 0
23.9
506.0
135 4
3
201. 0
123.7
7
209.4
132 7
5
214. 7
9
9
792 9
249 2
24.0
9
519 8
9
T
r
.117
.113
.115
.115
.120
.120
.120
.120
.120
.120
.113
.105
'.093
p. Ill
.205
.204
.195
.198
.198
.202
.216
.209
.207
.212
.204
.202
.193
198
Revised.
p Preliminary.
2
Revisions for Jan.-June 1961 will be shown later.
Monthly average based on Apr.data.
Data for indicated months not entirely comparable with earlier data; prices comparable
later data for "screenings" and "domestic," respectively: Mar. 1962—$4.932; $7.882;
1962—$4. 739; $7.281.
Revisions for .Tan.-May 1961 will be shown later.
Revisions for Jan.-Aug. 1960appear in the Nov. 1961 SURVEY. « Less than 50,000 bbls.
See note marked "\".
(6)
8
204
s Beginning Jan. 1963, data exclude condensate wells formerly included.
See note 1 for p. S-36.
9 Includes data not shown separately.
§Includes nonmarketable catalyst coke.
t Minor revisions for Jan. 1959-Sept. 1961 for various items will be shown later.
1 Beginning Jan. 1961, data for the indicated items include stocks formerly excluded.
Dec. 1960 data on revised basis may be derived by adding to the published totals and individual stocks the following amounts (thous. bbls.): Jet fuel held by pipeline companies,
414; bulk terminal stocks—lubricants, 2,429; asphalt, 2,849; miscellaneous oils, 131.
9
SURVEY OF CURRENT BUSINESS
S-36
1961
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1962
June
1962
Monthly
average
Apr.
May
June
July
1963
Aug.
Sept.
Oct.
Nov.
Dec.
Feb.
Jan.
Mar,
Apr.
May
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products!— Continued
Aviation erasoline:
Production
mil. bbl.
Exnort^
do
Stocks end of month
-do
Kerosene:
Production
do
Stocks end of month
do
Price, wholesale, bulk lots (N.Y. Harbor)
$ per gaL.
Distillate fuel oil:
Production
mil. bbl.
Imports
do
Fxnovts
- -_do-_
Storks, end of month
.. _ __
do Price, wholesale (N.Y. Harbor, No. 2 fuel)
$ per cal-_
Pvcsidual fuel oil:
Production
mil. bbl Import^
do
Fxport^
do
Stock^ end of month
- -- d o . .
Price, wholesale (Okla., No. 6)
$ per bbL.
Jet fuel (military grade only) :
Production '
mil. bbL.
Stocks end of month
_do
Lubricants:
Production
- do.
Export'?
-do
Stocks, end of month . _
_ _.
-do. .
Price, wholesale, bright stock (mldcontinent,
f.o.b., Tulsa)
$per gaL .
Asphalt:
Production
_ . - - _ _ mil. bbL..
Stocks end of month
do
Liquefied petroleum gases:
Production
do
Transfers from ea^oline plants
do
Stocks (at plants, terminals, underground, and
at refineries) end of mo
mil. bbl
Asphalt and tar products, shipments:
Asphalt roofin?,
total
thous. squnres..
Roll roofin°r and cap ^heet
do
Shingles, all types
do
A ^phalt sidin°'
Insulated sidinpSaturated felts
do. __
_do_ _ _
thous. sh. tons_
9.9
.6
11.7
10. 2
.4
10. 5
9 7
4
10. 6
11 1
10 8
11 3
10 3
10 6
10
11 9
31.0
13.1
30. 6
11 1
11 4
27 3
11 5
30 1
10 4
f)
10 1
9 9
(]
10 0
H) 1
10 0
3
10 9
9 6
9
12 1
13 3
33 9
1° 6
35 7
1° 4
36 7
13 •")
37 3
13 7
35 3
]5 6
31 7
i 15 7
1
26 1
.099
. 099
. 099
. 101
. 106
5
5
58 2
1 0
9
177 0
•'9 3
57 4
64 7
i185 2
1 0
170 9
] 9
144 5
.109
.104
. 101
. 104
. 099
.099
58. 1
1.4
.6
127. 6
60. 0
1.0
54 4
1 5
58 5
1 0
3
121 5
59 4
133,4
57. 5
1 5
.4
102.3
4
140.6
. 099
. 092
. (194
. 091
. OS6
. 086
26. 3
20. 3
1.2
45. S
1.58
24. 6
00
0
1. ]
46 6
1. 58
22. 9
20 4
1 0
39 ?,
1 . 05
9
33
IS 2
1 5
4LO
1.55
90 0
16 8
$
44 q
. 1 55
17 0
1 0
507
.155
8.0
7. 6
8.6
8.7
8 7
8. 5
9.3
8.3
9 1
8 *
**
8 1
4.9
1.4
212.7
5.1
1 5
12. 8
5. 3
1.8
13.3
5. 3
1.6
12. 5
5.0
1 5
12. 7
5. 1
1 5
12. 5
. 260
. 261
. 260
. 260
. 260
.260
8.5
16. 0
9.1
16.3
8 5
9
0 8
11.3
21. 3
11 7
10 q
1 ' 18 4
6.6
13.3
6.4
14.9
6 3
12 5
6 7
12 0
6 5
11 7
6 7
1° 6
6 3
34.4
33. 6
30. 4
33. 5
35 8
37. 6
5.131
1. 77S
3. 352
5, 463
1,936
3. 526
4. 396
1 641
5, 181
1 865
3, 316
6. 250
2 140
4.110
71
85
77
68
50
79
83
58
102
87
61
99
94
2
2
85
88.3
,«
1.7
9 8
11 0
5
9 8
9
9 1
11 7
10 7
4
12 3
15 1
22 4
14 5
23 2
-106
106
v 106
70 8
1 1
1 1
i 111.7
66. 6
8
3.0
87.8
68 4
6
1. 1
S3. 9
1
r
091
. 096
OOfi
.096
p . 096
5
19 3
C,
54 1
1 . 55
36
°6 5
()
51 9
OS 9
i 28. 2
34 5
»• 25. 3
30. 3
i 46 9
1. 55
43 6
i.65
25. 4
24 0
1 i
42 9
T' . 105
8.8
8 4
9 °
10 8
7. 7
9 4
- ,
9. 0
9. 8
5. 3
1 9
12.2
5. 3
1 0
12.6
5 0
1 i
12- 5
1 8
13 1
13.3
4.8
1.3
13.8
14. 1
. 260
.260
. 260
. 260
.270
.270
.270
12 7
14 4
11 8
13 6
10 4
1i 4
7 6
11 6
6 ]
14 3
5.0
16 3
4. 6
18 2
6. 5
20 7
6 0
14 3
6 1
1 ('• 4
6 9
90 •:-
i 4 f)
13 6
4 4
18 5
4 9
14 0
39 4
39 7
38 6
19 6
15 8
18 3
6. 289
9
26°
4. 027
6 964
0
501
4. 463
6. 469
v 470
3. 999
7 588
9
955
4.633
5, 286
i 984
3, 302
3. 665
1 169
2. 503
4.165
1 584
2, 631
1.957
805
1, 152
3, 242
1 356
1.886
68
99
89
83
116
97
83
100
90
103
108
105
80
64
88
31
65
40
85
8
30
44
40
48
63
. 086
. OsO
. 086
00
99
16 3
1 ]
54 1
1.55
23 1
17 8
8
557
1.55
8 7
()
9
30
9
q
50 0
1.55
x
6 9
9 7
°0 0
9.8
5. 1
1. 1
1
9
5. 1
•P . 270
PULP, PAPER, AND PAPER PRODUCTS
I
PULPWOOD AND WASTE PAPER
Pulp wood:
Receipts
Consumption
Stocks end of month
Waste paper:
Consumption
Stocks, end of month
thous cords (128 cu ft )
_
_
do
do
3, 465
3, 516
5 769
3, 662
3 666
5 °25
3.353
3 689
5 116
3. 094
3 804
4 01 5
3, (597
3 733
4, 852
3. 503
3. 344
5,002
4. 197
3, 870
5, 321
3, 480
3.51K)
5,314
3, 945
3, 867
5, 393
3, 556
3, 689
5. 251
3,323
3.314
5, 255
3, 737
? 794
5, 366
3, 649
3, 601
5, 470
3,919
3 999
5. 407
3,517
•-> ai9
5. 137
thous. sh. tons
__do
751
517
749
498
760
496
493
762
494
679
507
778
493
476
793
505
737
523
666
529
719
478
691
461
745
old
739
9
thous. sh. tons
do
do
do
2,210
100
1. 285
214
2, 319
106
1,358
214
2. 345
105
1, 368
221
2, 464
111
1,447
223
2, 368
106
1,390
215
2,118
86
1,242
193
2,471
110
1,452
226
2,237
98
1 309
195
2, 465
106
1, 426
239
2, 347
111
1, 370
206
2, 098
100
1,219
195
2, 438
121
1, 436
224
2,279
115
1, 353
213
2, 539
114
1, 519
232
2.421
103
1. 437
229
do
do
do
267
102
242
280
106
255
275
110
265
295
116
272
2S8
112
258
260
101
237
114
273
270
105
268
297
115
282
284
109
267
260
89
235
286
114
258
273
114
213
296
123
- 256
289
113
249
do
do
do
do
899
326
509
64
878
297
509
72
872
295
504
73
898
324
499
75
904
329
500
75
881
297
511
73
916
321
522
74
873
290
513
69
876
297
508
72
894
295
525
74
864
256
531
77
4-691
285
4 -333
73
682
266
-341
76
271
376
74
98
36
62
99
40
59
87
38
49
113
45
67
106
35
72
96
38
58
101
49
52
100
35
65
81
32
48
106
38
69
122
52
70
75
21
54
136
60
76
116
46
71
206
13
192
232
23
210
234
28
207
231
21
210
241
23
218
209
23
186
242
23
219
223
21
202
264
25
238
244
25
219
211
24
187
200
21
179
226
21
205
236
2,965
1,312
1,370
13
270
3,132
1,372
1,471
11
278
3,088
3,139
1,396
1,458
11
274
3,160
3,278
1,440
1,534
12
293
3,069
3, 180
1,370
1,514
12
284
3,132
2,838
1,216
1,342
8
272
_
56
WOODPULP
Production:
Total, all grades
Dissolving and special alpha
Sulfate
Sulfite .-_ .
Groundwood
_
Defibrated or exploded. _ _ . _ _ _
Soda, semichem., screenings, etc
Stocks, end of month:
Total, all mills
Pulp mills
Paper and board mills
Nonpaper mills
Exports, all grades, total
Dissolving and special alpha
All other
do
do
_do _
Imports, all grades, total
Dissolving and special alpha
All other ._
_-.
do
do
do
3
3
214
729
282
369
".'"".'.
226
28
198
PAPER AND PAPER PRODUCTS
Paper and board:
Production (Bu. of the Census):
All grades, total, seas. adj.*. -thous. sh. tons__
All grades, total, unadjusted
do
Paper
_ __
do
Paperboard
__
do
Wet-machine board
._ _ __
do
Construction paper and board
do
r
Revised, p Preliminary. * Beginning Jan. 1963, data for the indicated items exclude
certain oils which have been reclassified as petrochemical feedstocks.
2 See note marked "V' on p. S-35.
3 Effective Jan. 1963, "screenings, etc.", included with "defibrated or exploded."
3,161
3,169
3,243 - 3, 172
3,146 3,197
3,164
3,181 3,104 '3,317
3,366
2,843
1,452
1,393
1,419
1,378
1,265
1,467
1,583
1,465
1,476
1,484
1,332
12
11
11
10
'- 12
T
320
285
267
249
237
279
4
Effective Jan. 1963, excludes stocks of "own pulp" at paper and board
JSee similar note on p. S-35.
*Xew series; data prior to Dec. 1961 will be available later.
3, 155
3,298
1,404
1.572
11
311
3, 086
3,059
1,321
1,442
11
285
3,201
3,254
1,462
1,479
12
301
mills.
SURVEY OF CURRENT BUSINESS
June 1903
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
1962
S-37
1962
Monthly
average
Apr.
May
June
July
1963
Sept.
Aug.
Oct.
Nov .
Jan.
Dec.
Apr.
Feb. j Mar.
1
May
PULP, PAPER, AND PAPER PRODUCTS—Continued
1
PAPER AND PAPER PRODUCTS— Con.
Paper and board— con.
New orders (American Paper and Pulp Assoc.): *
\]1 °radcs paper and board
thous sh tons
Wholesale price indexes: *
Printin^ paper
1957—59 = 100
Hook PHTMT \. frade
do
Piper! >oard
do
Huild'n 0 " oaper and board
do
Selected types of paper ( A P P A ) :
Fine paper:
Orders new
thous sh tons
Orders unfilled end of month
do
Production
Shipments
Printing paper:
Orders new
_ __
Orders unfilled, end of month
Production
Shipments
Coarse paper:
Orders new
Orders unfilled, end of month
Production
Shipments
Newsprint:
Canada (inel. Newfoundland):
Production
Shipments from mills
Stocks at mills end of month
United States:
Production
Shipments from mills
Stocks at mills end of month
__
2,982
3,130
3 122
3 222
3 144
9 940
3 2'?8
3 098
3, 353
3 082
9 809
101.7
10(5 1
92. 7
100 8
101.4
107 6
93. 1
97 2
101
107
93
qy
4
8
9
c)
101 4
108 2
94 0
101
108
94
95
4
2
0
5
101 4
108 9
94 0
90 3
101.4
108 '>
94 0
97 1
101
108
94
97
101
107
94
96
101
107
94
%
101
107
94
%
157
84
161
88
164
97
163
85
167
86
149
97
1 53
87
150
83
169
82
do
do
1(50
1 50
166
162
171
1 65
174
164
169
162
1 49
144
167
1 66
1 59
157
178
-do
do
402
308
421
371
429
409
435
385
405
356
392
377
412
371
417
3S1
do
do
889
388
414
417
423
423
440
440
418
419
366
867
423
423
. do_
do
334
154
337
154
324
149
3 10
139
325
140
''95
142
do
do
331
330
341
334
342
337
362
354
329
321
do
do
do
5f>l
559
225
558
557
249
574
543
296
269
do
do
do
1
174
i 174
i 40
179
180
39
173
180
36
455
465
620
586
Consumption bv publishersd 1
do
Stocks at and in transit to publishers, end of
month cf
thous sh tons
Imports
do
Price, rolls, contract, delivered to principal ports
$ per sh ton
Paperboard (National Paperboard Assoc.):
Orders, new
- __thous. sh. tons _
Orders, unfilled end of month
do
Production total
do
Percent of activitv
Paper products:
Shipping containers, corrugated and solid fiber,
shipments f
mil. sq. ft. surf. area-Folding paper boxes, shipments, index of physical
volume
1947-49=100
4
2
0
1
4
4
1
2
101.4
107 4
94. 1
95 6
152
75
147
74
179
90
r
160
1 6)0
151
148
166
164
^ 158
163
431
353
374
318
402
328
447
346
414 '
368 ;
406
406)
444
444
419
419
392
431
431
403
403
360
152
331
153
365
158
345
145
315
140
361
159
294
9 ()i
356
332
3°9
321
359
359
36*3
360
311
313
566
573
261
527
529
260
959
558
246
618
646
218
609
625
202
190
187
39
188
182
44
165
169
40
188
182
47
171
179
39
188
192
35
487
499
457
423
442
479
550
547
557
587
621
599
568
4
4
0
3
4
4
1
6
101
107
94
95
1
i
101.4 !
107 4
94. 1
93 9
4
4 '
1 1
5 1
163
101
1
1
!
'
175 i
99
173
177
i
465 '
396.
__ .
i
i
:
336 ;
165 ;
357
161 I
!
351
345
338 i
330
3.57 L
355 .
500
530
178
518
433
264
444
420 '
287
513
458
342
183
1S4
34
166
176
25
190
183
32
174 i
168 .
37
193
J87
43
184
193 i
34 !
511
508
441
376
356
435
490 '.
609
597
604
606
604
583 ;
570
371
347
470
453
456
426
484
499
453
453
418
543
458
470
359
134. 40
134. 40
134. 40
134 40
134. 40
134 40
134. 40
134. 40
134. 40
134. 40
134. 40
134.40
1, 400
401
1 , 394
91
1,473
468
1, 471
92
1,432
468
1, 432
94
1,563
460
1,583
95
1,530
451
1, 539
97
1 , 356
496
1,281
80
1, 594
476
1,608
98
1,433
486
1,409
92
1,608
493
1,610
96
1.457
91
1, 333
414
1, 369
83
1, 456
455
1, 410
95
9, 547
10. 181
9, 478
10, 471
10, 356
9, 198
11,402
10,317
11,533
10, 562
8, 951
10, 169
124.0
124.1
118.9
129. 4
125. 9
113.8
137. 2
120. 4
134.1
129. 0
120.3
r
452
1,474
•
.'
434
434
;
!
550 !
554 !
338 j
:
134.40 • 134.40 i*>134. 40 i
1.596 ; 1,547 !
485
483 :
1,572 ! 1.535
97 I
94
1,417 i
464 i
1,413 i
95
9,407
119.4
r 112.8 1
40.98
69. 29
30.67
. 290
37. 58
80 58
48. 75
.284
1.607
471
1 640
94
10.645
10.374
11,219
126. 6
"124.2
P 129.1
40. 71
82 92
33. 88
.271
40. 66
79. 39
36. 61
. 270
. 27( I
r
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
_
thous. Ig. tons_.
Stocks end of month
do _ _
Imports, incl. latex and guayule .. _ - _ do
Price, wholesale, smoked sheets (N.Y.)___$ perlb_.
Synthetic rubber: ©
Production
Consumption
Stocks, end of month
Exports
thous. Ig tons
- do
do
do_ _ _
_
Reclaimed rubber:
Production
Consumption
Stocks end of month
35.61 'r 38. 56 tt''37. 72
68.65
68. 47
68. 51
32.58
35. 13
33. 20
.296 v . 285
.289
117.00 r'131.20
91.85 104. 66
245.55 ••257. 15
25.31
24. 75
do
do
do
21.99
20.86
32 15
_ thous_
9,728
11, 156
9 859
2,838
6, 908
114
do -_ 26, 128
do
81
r
23.38
21.95
29 77
r
* 40. 72 r 39. 66 r 33. 72
64 98
62. 50
69 75
37.84
28. 64
37. 09
.298
.283
.273
37. 47
68. 75
35. 40
.274
r
r
130 25 r 131 95 M24 62 !25
12 l'?6. 77
!0l 20 lW 73 '•108. 75 r 91 61 M04 94
261 . 88 259. 18 254. 62 263. 94 256. 65
25. 97
24. 77
25.80
21. 90
29.38
ar
a
r
r
r 36. 18
74. 06
33. 29
.274
T
T
129 89
101 10
256. 26
32. 71
43. 99
64 22
32. 67
.288
r
<>Q
r 36. 55
70. 17
36. 70
.300
CO
r
69 83
42.24
.295
r
T
134 28 !35 00
V>() 54 M06 93
252. 00
15 94
23. 1 7 <"-24.81 '• 25. 24 r 19. 82 r 22.78 '•22.
05
26. 64
'n 13 r 20 81 r 24 78
^2 36 r 23 00 r 23 47 r ig 993
29 66
30 85
28 67
28 59
29 9
28 93
28 95
254. 32
23. 47
r
r
23. 66
'>! 45
30 29
142 97
9Q 96
262. 08
29. 28
138 55
114 95
281 . 20
7. 72
128 47
103 53
274. 32
29 93
140 66
1J9 94
273. 34
28.36
139 33
114 96
272. IS
21.24
20 25
r 39 42
25. 40
93 53
29 67
2?. 50
29 oi
98 52
26. 88
93 3Q
2Q 57
25. 68
23 86
29 68
r
r
r
T
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
_
do
do __
do
do
do _
do
do
_ __do
3,124
3,280
9 146
66
10, 929
11,712
11,959
10 411
10,722
10, 651
12 856
10 844
10 621
12 430
11 709
I 9 541
12 558
11 055
3,495
7,430
130
11 565
3,735
7, 717
113
12 084
3,958
8,002
123
11 873
3,406
8,357
110
11 941
3 336
8,492
113
10 202
1,531
8, 531
140
11 208
3, 307
7,731
170
13 043
4 349
8, 528
166
11 041
4 206
6,696
140
8 778
3 698
4,944
136
11 225
4 113
7, 019
93
9 235
3 600
5,509
1?6
11 136
4 060
6, 942
134
13 843
4 244
9, 457
142
27, 086
89
27, 838
75
27, 506
86
27, 627
91
26 031
99
26, 533
103
26, 079
111
26 050
75
26 039
100
27 899
103
29 054
24
31 693
97
33 193
100
32 137
3,403
3,442
8,913
81
3,413
3,240
8,794
83
3,427
3,223
9, 075
69
3,277
3, 393
9,066
96
3 116
3,280
8 907
86
3,026
3,210
8, 772
80
3, 108
2,974
8 963
90
3 881
3 534
9 290
62
3 141
3,251
9 280
79
3 141
2, 640
9 898
89
3 954
5,074
8 938
11
3 595
3 572
8 974
92
3 657
3 475
9 297
110
3 529
3 500
9 440
r
Revised.
P Preliminary.
i Includes Alaska and Hawaii beginning July 1961.
*New
series. Data prior to 1961 will be shown later.
d1 As reported by publishers accounting for about 75 percent of total newsprint consumption
in 1962. Alaska and Hawaii are represented beginning Jan. 1961.
a
Revisions (Jan.-Mar. 1962; Jan. and Feb. for reclaimed rubber production) are as
follows (units as above): Natural rubber consumption—41.34; 36.98; 39.90; synthetic rubber
consumption—108.69; 97.31; 104.87; reclaimed rubber—production, 24.47; 22.27; consumption
23.34; 21.13; 22.77.
% Revisions for Jan. 1959-Feb. 1962 are available upon request.
© Revised effective with the June 1962 SURVEY to include data for stereo and other elastomers (except polyurethane rubbers) as follows: Production and consumption, beginning
Jan. 1961; stocks, beginning Dec. 1960.
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
1962
.Tune l!Hi?>
1963
1962
Monthly
average
Apr.
May
June
July
Sept.
Aug.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Production finished cement
Percent of capacity
Shipments, finished cement
Stocks, end of month:
Finished
Clinker
thous. bbl__ 26, 950
74
__ __
_thous. bbl.. 26,889
28 027
75
27, 892
28, 089
27, 990
33,719
88
33, 677
32. 304
88
33, 625
33 388
86
35,611
36, 132
93
40. 669
33, 669
90
33, 120
33, 926
87
36, 498
29 339
78
27, 346
99 94Q
59
16, 753
18 289
47
14, 559
14 750
42
14, 735
21. 525
54
21,490
29, 314
75
30. 249
35, 879
25, 021
36 683
24 083
39, 958
32, 767
40. 076
30, 031
38. 684
27 942
4)
36 453
5 189
31.964
20 480
32, 521
17 831
29, 901
15 302
32,324
14 931
38, 531
17 990
42, 282
22 286
42 293
28 093
42, 328
31 802
41, 398
31 879
649.9
35.2
159. 3
725. 8
39.0
175. 8
668. 7
36.1
172. 5
676. 6
39.2
170. 0
718.2
37.8
186.3
608. 9
34.6
158. 7
688. 5
39. 9
166. 1
586. 8
33. 7
138 4
399. 2
27.4
94.6
371.3
24.4
89 3
' 344. 7
24.7
79 0
521. 9
31.2
112 6
25. 6
- -- --do
do __
CLAY CONSTRUCTION PRODUCTS
Shipments: t
Brick, unglazed (common and face)
mil. standard brick..
Structural tile except facing
thous. sh . tons.
Sewer pipe and fittings vitrified
do
Facing tile (hollow), glazed and unglazed
mil. brick equivalent-.
Floor and wall tile and accessories , glared and unglazed
mil. sq. ft..
Price index, brick (common), f.o.b. plant or X.Y.
dock
1957-59=100..
535. 6
39. 7
145.8
r
575. 3
-34.2
143.0
r
35. 3
r
33. 9
34. 9
36.5
35. 5
37.4
42.9
34.7
40.2
r 35. 7
30.1
25. 6
20.9
19.0
"•21.0
20.3
22.6
22. 0
21.0
24.8
21.0
24.0
21.2
18.4
19.9
18. 6
21
103.8
104. 9
105. 1
104. 9
104. 9
104. 9
104.9
104. 9
104.8
104.8
105. 0
105. 7
105.8
105. 8
Flat glass, mfrs.' shipments (qtrly. total and qtrly.
average)
thous $ '65.113
i'>7. 743
Sheet (window) glass shipments
do
37, 370
Plate and other flat glass shipments
do
71, 506
31,612
39 894
r
9
GLASS AND GLASS PRODUCTS
Glass containers: |
Production
_
69,574
32, 677
36, 897
64, 322
26,613
37 709
67 958
28, 734
39 2°4
77 470
35,014
42 456
14, 013
14, 655
14, 142
15, 413
16, 181
15, 976
16, 539
14,637
15, 173
13, 438
12, 924
14, 580
13, 387
15,630
15, 121
Shipments domestic total
do _. 13, 668
General-use food:
1,492
Narrow-neck food
do
Wide-mouth food (incl. packers' tumblers,
jelly glasses, and fruit jars)
thous. gross. - 3,912
14, 319
13, 576
15, 312
15, 693
14, 304
17, 495
16, 455
14, 587
13, 147
12, 508
13, 226
12,113
14, 639
14, 609
1,582
1, 251
1,256
1,487
1, 607
3,083
2,845
1,582
1,086
1,057
1,208
1,196
1,401
1,419
4,110
3,512
4, 150
4. 155
3, 998
5, 076
4. 547
4, 733
4,195
3,601
4,165
3,568
3,933
3,736
1,007
1,831
1,291
1,187
2, 183
1,269
1,593
2,136
1,209
1, 762
2, 780
1,268
1,740
3,042
1,289
1,423
2,826
996
1,118
2, 516
1,297
762
2,908
1,330
823
1, 569
1, 577
983
1 636
1,437
1,235
1,876
1.143
835
1 653
1 206
843
1 570
1,116
1,413
2,502
1,328
1 540
2 758
1 283
2,985
1,007
142
3, 066
786
134
2, 966
797
112
3, 097
876
123
3, 035
827
118
2, 618
725
111
3, 357
880
168
3,123
770
170
3, 345
807
151
2 997
667
146
2,789
664
143
3 312
717
130
2 987
732
101
3 190
765
107
2 985
782
106
21. 833
22 921
23, 612
23 545
23 797
25 076
23 847
21 640
21 837
21 964
21 128
99 Q31
24 504
25 450
26 034
-
_._thous. gross-
Beverage
Beer bottles
Liquor and wine
- do
do
- do
^Medicinal and toilet
Chemical, household and industrial
Dairy products
_
Stocks end of month
do
do. -_
_do
do
GYPSUM AND PRODUCTS
Crude gypsum, qtrly. avg. or total:
Imports
thous sh tons
Production!
do
C&lcined production qtrly avg or total
do
Gypsum products sold or used, qtrly. avg. or total:
Uncalcined usest
thous sh tons
Industrial uses
do
Building uses:
Plasters:
Base-coat
do
All other (incl Keene's cement)
do
Lath
Wallboard
All other §
mil sq ft
do
do
1,242
2,375
T
1. 355
2. 492
r
1.364
2. 644
T
2. 320
r
1,542
2. 743
T
1 495
2, 516
1 016
2,139
2,429
r
2 163
2 035
1, 144
67
r
1 072
68
685
68
r
2,062
2, 205
1,000
65
< 1.012
67
1,168
68
256
264
256
257
273
271
287
297
239
254
237
201
396.2
411 6
1, 483. 9 1, 657. 9
58.9
56.6
426 4
1, 736. 4
67.1
448. 1
'1,829. (
66.6
374 7
1, 670. 7
55 6
345 8
1,552 4
49 4
r
TEXTILE PRODUCTS
APPAREL
thous. doz. pairs.. 14,008
14. 343
13, 035
14, 280
14, 823
12. 420
17, 210
14, 040
16, 463
14.521
11,528
14, 834
14, 459
15,452
13. 760
thous. units. _
_____
_ do _
1,572
389
1, 789
366
1,873
370
1,796
470
1,649
500
1,200
354
2,002
533
1,750
442
2,126
452
1,878
360
1,712
210
2,167
220
1,834
247
1,965
268
2,026
391
Coats (separate), dress and sport
do
Trousers (separate), dress and sport
do
Shirts (woven fabrics), dress and sport-thous. doz.
Work clothing:
Dungarees and waistband overalls
do
Shirts
do
815
8,641
1,878
1,064
8, 535
2,084
1, 079
8,824
2,042
1,124
9,312
2,245
1,067
9. 075
2. 003
672
7, 559
1,563
1,191
10, 028
2, 208
960
8,247
2, 021
1,160
8,915
2,216
1,080
7, 527
2,287
1,096
1,128
6,406 / 8, 942
1, 872
2, 191
1,181
9, 229
2, 235
1 262
9,761
2,257
264
304
311
310
308
338
332
331
315
326
303
256
387
334
302
289
321
341
285
312
271
250
318
293
321
314
342
327
352
341
2,006
20, 855
764
2, 124
21, 178
782
1,275
26, 143
673
1,223
27, 130
583
2,064
20, 800
815
2, 274
17, 782
726
2,688
21,804
728
2,318
18, 135
535
2,692
20, 624
624
2, 545
18, 806
689
1,393
14, 679
667
1,948
21, 031
1,080
2,353
21, 902
1,123
2,155
27, 320
1,041
Waists, blouses, and shirts.
thous. doz_. 1,245
1,557
1,566
1,237
1,365
Skirts.
___
_do____
757
663
905
780
727
' Revised.
i Revisions for 1960 are shown in the Apr. 1982 SURVEY,
t Revisions for Jan.-Mar. 1961 for clay products, and for Jan. 1961-Feb. 1962 for glass
containers will be shown later.
1,226
804
1,372
893
1,159
700
1,520
775
1,369
658
Hosiery, shipments
Men's apparel, cuttings: cT
Tailored garments:
Suits
Overcoats and topcoats
Women's, misses', juniors' outerwear, cuttings:^
Coats
thous units
Dresses
do
Suits.
_ _ _
do
r
1, 068
8, 349
2,156
r
1,332
1,400
916
1,538
683
705
468
776
^Revisions for 1st quarter 1962 for gypsum and products (thous. sh. tons): Production
2,066; uncalcincd uses, 664.
.Comprises sheathing, formboard, and laminated board.
c?Revisions for Jan. 1959-Oct. 1961 are available upon request.
SURVEY OF CURRENT BUSINESS
June 1963
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
| 1962
Monthly
average
S-39
1962
Apr.
May
June
July
Aug.
1963
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
TEXTILE PRODUCTS—Continued
COTTON
Cotton (exclusive of lin ters):
Production:
Ginnmgs§
thous. running bales __ 114,325 1 14, 864
Crop estimate, equivalent 500-lb. bales
thous. bales __ U4,318 i 14, 867
710
Consumption^!
do
Stocks in the United States, end of mo.,
13, 447
total}:
do
13, 373
Domestic cotton, total
do
3,770
On farms and in transit
do
7, 794
Public storage and compresses
__do
Consuming establishments
do_ __ 1,809
75
Foreign cotton, total
_
do
Exports
— do
Imports!];
do
Prices (farm), American upland
cents per lb-_
Prices, middling 1", avg. 14 marketscf
do
Cotton linters:
Consumption!!
Production
Stocks end of mo!
thous bales
do
do
287
1,501
4,681
9,156
12, 061 2 12, 937 3 14, 627
727
4868
713
699
4690
693
661
4823
667
590
4790
659
666
4809
14, 612
14, 526
3,402
9,470
1,654
86
10, 894
10, 828
407
8,331
2,090
65
9,826
9,772
354
7,448
1,969
54
8,711
8, 661
257
6,661
1,744
49
7,831
7,789
190
6,095
1,504
42
21, 521
21, 404
13, 574
6,597
1, 233
117
20, 724
20, 600
10, 840
8,631
1,129
124
19. 752
19, 628
6, 759
11. 655
1,214
124
18, 792
18, 675
4,299
12, 997
1,379
116
17, 823
17,717
1,951
14, 304
1,462
106
16. 815
16, 693
1,012
14, 142
1,539
122
15, 918
15,796
914
13, 261
1,621
122
14, 791
14, 676
672
12,347
1,657
115
13, 545
13, 438
457
11, 333
1, 648
107
533
321
14
12
832.8 P 9 32. 2
833.7 p 9 33. 3
302
4
32.2
33.8
361
3
33.6
33.9
425
1
33.6
34.1
464
1
33.4
34.0
139
89
32.6
33.4
163
24
33.2
33.0
157
3
32.6
33.0
299
3
31.8
33.0
383
1
31.0
33.1
211
30.1
33.4
522
2
29.7
33.8
440
5
31.9
34.0
2
33.0
34.1
4124
124
694
105
85
655
103
58
598
51
576
105
69
524
101
157
539
4125
223
614
101
222
696
99
180
729
194
811
106
171
826
106
150
831
4127
113
786
' 18,799 ' 18,819
' 16,879 ' 16,858
' 9, 529 ' 9, 494
'475
'476
' 8, 532 ' 8, 460
' 18,764
' 16,774
'4 9, 582
'383
'4 8, 512
18, 798
16, 731
9,432
472
8,382
18, 689 18, 712
16, 543 16, 495
9,131 4 11,565
457
463
8,034 410,134
18,730
16, 395
9,253
463
8,035
18, 750 18, 611
16, 374 16, 222
8,450 4 11, 206
422
448
7,317 4 9, 705
18, 541
16, 029
9,316
466
8,044
.661
.938
.656
.936
.656
.931
.651
.926
.651
.924
109
130
543
108
141
633
4 114
32.6
34.1
COTTON MANUFACTURES
Spindle activity (cotton system spindles) :ft
Active spindles, last working day, total__thous.__
Consuming 100 percent cotton
do
Spindle hours operated, all fibers, total
mil__
Average per working day
do
Consuming 100 percent cotton
do
Cotton yarn, natural stock, on cones or tubes:
Prices, f.o.b. mill:
20/2, carded, weaving
__$perlb—
36/2 combed knitting
do
' 19,019 ' 18,797 ' 18,870
' 17,308 ' 16,754 ' 16,982
' 9, 749 ' 9, 911'411,618
'449
458
'465
'8,870 ' 8, 801 '410,436
.647
.926
.660
.938
2,292
2,318
11.8
18, 630 18, 586
15, 995 15, 890
9,394 411,482
459
470
8,043 4 9, 771
.646
.910
.643
.910
11.1
9.8
9.4
9.7
9.4
6.2
5.9
5.5
5.4
5.4
.55
.56
.60
.62
.58
.60
29, 561
46, 474
31, 094
27, 388
32, 684
38, 019
16, 219 37, 099 34, 358
r
30, 662 ' 52, 923 56,323
52, 501
25.70
25.63
25.58
25.37
25.10
24.81
24.54
24.18
40.3
15.3
17.0
40.3
15.3
17.0
38.3
15.3
17.0
38.3
15.4
17.0
38.3
15.4
17.0
38.3
15.5
17.0
"38.3
»15.6
.654
.931
.651
.924
p. 643
p . 908
.670
.941
.661
.938
10.8
11.4
11.0
10.1
12.2
9.2
9.4
10.1
10.3
5.5
5.4
4.9
5.0
5.1
6.5
5.4
5.6
5.7
5.8
.47
.51
.44
.47
.51
.55
.56
.56
.54
39, 117
do __ 21, 254
34, 691
38, 671
39, 618
57,001
35, 428
34,381
39, 091
30, 757
34, 061
28, 562
31, 823
30, 960
29, 797
37, 819
24.49
25.24
25.38
25.06
24.90
25.10
25.23
38.3
15.1
16.3
39.6
15.4
17.0
40.3
15.5
17.0
40.3
15.5
17.0
40.3
15.5
17.0
40.3
15.5
17.0
40.3
15.4
17.0
485.6
160.4
100.2
187.7
37.3
596.5
181.5
125.0
242.6
47.4
thous. lb_.
do
7,018
3,834
9,177
4,281
9,208
4,338
8,721
4,406
10, 240
3,995
6, 544
3,024
11, 549
4, 215
10, 484
5, 414
7,840
3,881
9,020
5,200
11, 776
5,419
2,808
1,818
7,747
4,467
8,421
3,046
do
do
541
3,374
809
5,463
548
4,351
847
5,086
711
5, 771
1,106
5,738
859
6,030
1,070
5,252
930
3,516
902
4,801
861
6,673
569
4,542
747
9, 988
700
8,232
733
10, 899
mil Ib
do
do
do -
56.4
53.5
670.9
6
22.1
53.2
48.4
678.2
626.8
51.6
51.1
49.8
48.5
47.9
51.2
67 6
28.4
51.1
54.5
54.0
54.4
57.1
52.9
82.4
30.2
58.4
48.4
59.6
41.8
62.7
40.0
99.3
27.5
62.1
41.9
62.2
39.8
60.2
36.8
99.7
24.9
59.1
36.2
__$perlb_do
.82
.26
.82
.26
.82
.27
.82
.27
.82
.27
.82
.27
.82
.27
.82
.27
.82
.26
.82
.26
.82
.26
.82
.26
.82
.26
p . 82
p . 26
Manmade fiber broadwoven fabrics:
Production, qtrly. avg. or total!9--mil. lin. yd__
Rayon and acetate (excl. tire fabric)
do
Nylon and chiefly nylon mixtures
do
Polyester and chiefly polyester blends*. _do
596.2
366.3
64.1
111.6
665.2
390 5
73.2
140.8
11, 559
11, 633
12, 661
11,890
13, 620
9,422
10, 577
11, 784
10, 353
11, 087
13, 664
4,995
16, 398
14, 954
557
5.20
539
6.03
524
5.73
421
5.98
399
6.22
473
6.20
785
6.36
525
5.98
741
6.42
655
6.49
328
7.22
582
7.63
267
'7.67
341
P7.86
5,732
6,120
Cotton cloth:
Cotton broad woven goods over 12" in width:
Production qtrly avg or total
mil lin yd
Orders, unfilled, end of mo., as compared with
avg. weekly production
No. weeks' prod-Inventories, end of mo., as compared with avg.
weekly production
No weeks' prod
Ratio of stocks to unfilled orders (at cotton
mi s
.,
Imports!
- -
Mill marginsf
cents per lb__
Prices, wholesale:
Denim mill
finished
cents per yd
Print cloth 39 inch 68 x 72
do
Sheeting class B 40-inch 48 x 44 48
do
2,435
2,180
2,234
23.84
MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly. avg, or total
mil. lb_.
Filament yarn (rayon and acetate)
do
Staple incl tow (rayon)
do
Noncellulosic (nylon, acrylic, protein, etc.) -do
Textile glass
fiber
do
Exports:
Yarns and monofilaments!
Staple tow and tops
Imports:
Yarns and monofilaments!
Staple tow and tops!
Stocks, producers', end of mo.:
Filament yarn (rayon and acetate)
Staple iricl tow (rayon)
Noncellulosic
fiber*
Textile glass
fiber*
_
Prices, rayon (viscose) :
Yarn, filament. 150denier__
Staple 1 5 denier
Exports piece goods!
thous sq yd
SILK
Imports, raw.
thous Ib
Price, raw A A, 20-22 denier ©
$ per Ib
Production, fabric, qtrly. avg. or total
thous. lin. yd_.
6,047
621.3
181.8
137.9
259.8
41.8
642.4
374.4
69 6
141.4
663.1
392.3
75.6
128.8
' Revised.4 » Preliminary. * Total crop
for year. 2 Ginnings to Dec. 13. 3 Ginnings
to Jan.
16.
Data cover a 5-week period. fi Data
are for month shown,
6 Qtrly. avg.
7
8
Less than 500 bales.
8 Season average.
Season average to Apr. 1, 1963.
IData for Apr., July, and Oct. 1962 and Jan. and Apr. 1963 cover 5-week periods; other
months, 4 weeks.
ONew series from U.S. Dept. of Agriculture and American Textile Mfrs. Inst., Inc.;
data for 1946-61 are available upon request.
590.0
180.6
119.9
245.9
43.6
593.8
175.6
119.2
243.0
56.0
--
-
614.0
169.6
139.3
260.5
44.6
858. 7
6 46. 6
097. 6
401.3
72 6
164.5
301
5,884
6,224
{Scattered revisions for 1959-1962 are available upon request.
f Revised series. See note in the Sept. 1961 SURVEY; data for Aug. 1957-June 1960 are
available upon request.
9 Includes data not shown separately. *New series; data for 1954-60 are available
upon request.
cfBeginning Aug. 1962, includes Phoenix, Ariz. (15 markets).
© Beginning Feb. 1963, price in skeins, AAA grade; comparable Jan. 1963 price, $7.67
per pound.
SURVEY OF CURRENT BUSINESS
S-40
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
1962
June 1963
1962
Monthly
average
Apr.
May
Aug.
July
June
1963
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
634
448
222
424
22, 193
14 330
32 143
21 907
25 218
16 163
24' 9»3
17 239
1.325
1 151
1.275
May
TEXTILE PRODUCTS-Continued
WOOL
Wool consumption, mill (clean basis) :U
Apparel class
thous. lb__
Carpet class
do
Wool imports clean content
_ _. _ do _.
Apparel class clean content
do
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
Graded territory,
fine
$ per lb_.
Graded fleece $£ blood
do
Australian 64s 70s good topmaking
do
21, 923
12, 421
21, 079
10, Oil
23, 254 1 27, 828
12, 363 112,216
23, 088 21,019
15, 207 13, 846
23, 434
11 501
20, 133
13 579
1.184
1.032
1.110
1.247
1.090
1.155
1.224
1.075
1.125
1.233
1.075
1.135
Knitting yarn, worsted, 2/20s-50s/56s, Bradford
96.7
system wholesale price
1957-59 =100__
Woolen and worsted woven goods, exc. felts:
Production qtrly avg or total __thous. lin. yd. 71,721
70,035
Apparel fabrics total
do
43,228
TVomen's and children's
do
Prices, wholesale, suiting, f.o.b. mill":
93.8
Flannel men's and boy's
1957-59=100__
95.2
Gabardine women's and children's
do_ __
100.6
100.5
100.5
76, 568
74, 326
44, 449
23, 061 i 23, 251
11, 932 110 177
22, 387 16, 828
15, 485 11 210
22, 152
13 235
24, 433
14 849
1.245
1.075
1.175
1.252
1.075
1.175
1.275
1 075
1.175
100.5
100.5
100.5
21, 268 126 335
12 940 i 16 263
21,001 25 102
12 562 14 514
20, 594
12 470
25, 837
17 825
19
10
27
17
258 125 017
991 114 957
644 18 343
716 14 477
22
13
37
25
1.275
1.085
1.175
1.281
1.275
1 111 1 145
1. 175
1 175
1.300
1 145
1 175
1.310
1 145
1 215
1.325
1 154
1 275
1. 325
1 160
1. 275
101.7
101.7
102 9
105.4
105.4
105.4
9.1 8
95.8
95.8
1.275
1 125
1 275
WOOL MANUFACTURES
82, 505
80 813
48, 362
94.9
96.3
94.6
95.2
94.6
96.9
102.9
77, 867
75 805
48, 059
95.0
96.9
95.0
96.9
95.0
96.9
70, 437
67 253
39 309
95.0
96.9
95.0
96.9
95.4
96.9
95. 8
ofi q
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLESA
Orders new (net) Qtrly avg or total
mil $
U S Government
do
Prime contract
- do__ _
Sales (net), receipts or billings, qtrly. avg. or total
mil $
U S Government
do __
3,357
2,619
3,035
3,722
2,984
3,318
3.512
2, 663
3,021
4, 055
3,343
3,670
4 121
3,378
3,713
3,738
2,883
3,962
3,120
4,016
3,060
3, 862
3,057
4 095
3,327
Backlog of orders end of year or qtr 9
do
IT S Government
do
Aircraft (complete) and parts
do
Engines (aircraft) and parts
do
Missiles, space vehicle systems, engines, propulsion units and parts
mil $
Other related operations (conversions, modifications) products services
mil. $
13,965
11,043
5,646
1,546
13, 137
10, 567
5,048
] , 528
12, 950
10, 246
5, 127
1 476
13,111
10, 516
5,037
1, 455
13 137
10, 567
5 048
1 528
3,829
4,045
3,601
4,218
4 045
1,803
1,486
1,644
1,367
Aircraft (civilian) • Shipments ©
do
Airframe weight © thous Ib
Exportsf
mil $
82.1
1,824
28.0
81.8
1,682
27.3
111.2
2,511
45.1
121.2
2, 345
31.6
92.4
1,915
11.4
77.9
1.395
17.1
88.3
1, 400
10.4
49.2
1,032
17.1
44 0
1 216
21 8
65 6
1 419
26 1
57 4
1 437
12 3
47.3
] 321
21.8
62 2
1 428
37 6
60.2
1,514
33.7
1,486
MOTOR VEHICLES
Factory sales, total
Domestic ___ _
Passenger cars, total
Domestic __
__
Trucks and buses, total.
Domestic *•
thous__
do
do
. _do
do _
do
556.4
527. 3
461.9
450.2
94.5
77.1
681.1
654.6
577.8
562.8
103. 3
91.9
719.6
687.8
614.3
594. 8
105.3
93.0
786.2
756.7
673. 5
656.6
112.7
100.1
678.2
651.2
569.2
555.0
109.0
96.2
687.7
663. 9
587. 1
575. 4
100.7
88.5
299.2
282.0
218.6
213.2
80.6
68.8
519.9
501.9
442.5
432.5
77.4
69.4
851.0
817.7
726.9
705.7
124.1
112.0
802.0
769.4
689.5
669.6
112.5
99.8
776.1
751.5
661.4
647.4
114.7
104.1
791.0
768.6
670.2
658.0
120.8
110.6
723.7
698.8
607 9
592. 8
115. 8
106 0
782.5
753.4
654.1
637.1
128.5
116.3
Exports, totalj .
Passenger cars (new and used)
Trucks and buses
number
do
do
23,447
10,086
13,361
20,100
11,246
8,855
23, 719
15, 204
8,515
22, 065
11,882
10, 183
22,378
10, 895
11,483
16,669
7,803
8,866
15, 765
5,940
9,825
18, 405
11, 815
6,590
17, 749
10, 934
6,815
23, 383
14, 002
9,381
20, 567
11, 807
8,760
6,591
3,370
3,221
25, 916
12 849
13 067
92 799
12, 652
10 077
24, 860
24, 076
33, 080
32, 063
32, 607
31, 326
32, 335
31, 189
30, 523
29, 460
27, 754
27, 198
19, 394
18, 977
29, 442
28, 686
35, 087
34, 081
37, 272
36, 195
45, 678
44, 220
32, 904
32, 020
37, 472
36, 567
43, 197
41, 040
r
r
r
' 5, 725 5, 001
3,014
3,442
'938
r226
r 5, 461
r
r
5,717
3,951
1, 835
r 5, 295
3,689
r
756
5,744
3,906
624
5,384
3,604
790
6, 143
3,964
1,039
Imports (cars, trucks, buses), total d"J
Passenger cars (new and used) cf
Production, truck trailers: t
Complete trailers, total
_
Vans
Chassis, van bodies, for sale separately
do
do .
818.0
789.3
689.2
671.8
128.8
117.4
5, 650
*• 3, 730
••996
487.9
31. 6
76.6
578.2
28.3
89.1
635. 0
31.1
95.2
643. 5
29.4
93.8
601.9
28.7
88.4
613.6
30.5
90.8
540.2
27.6
94.9
373.9
25.6
74.8
677.7
29.5
102.3
637.5
26 6
92.4
644.4
29.8
101.3
553.9
27.0
90.5
498. 0
27.6
82.4
624.2
32.5
99.2
758.8
42.7
120.0
Freight cars (ARCI):
Shipments
__
number _ 2, 655
Equipment manufacturers, total .
do_ _ 1,572
1,083
Railroad shops, domestic
do
3,046
1,962
1,085
3,421
1,677
1,744
3,758
1,909
1,849
3,910
2,219
1,691
3,181
2,289
892
3,541
2,205
1,336
2,946
1,984
962
2,799
2,162
637
2, 205
1,660
545
1,899
1,336
563
2,445
1,330
1,115
3 074
1.820
1,254
4,026
2,639
1,387
3,755
2.812
943
' 3, 082 2,445
' 1, 984 1,432
1,098
1,013
3,188
2,855
333
3,411
2,294
1,117
3,088
1,630
13458
2,781
1,710
1,071
1,551
1,218
333
4.329
2,673
1,656
' 3, 567 r 4, 267
••2,956 r 1, 686
2,581
611
3,820
2 965
'855
5, 474
" 3, 384
2, 090
5,808
3,186
2,622
2,573
2,111
462
Registrations:O
New passenger cars
Foreign cars
New commercial cars
thous
do
do
5, 939
<• 4, 003
'499
6, 428
r 4, 236
>"395
5, 100
- 3, 313
3, 190
••1,351 * 1, 847
T
5, 938
3 920
2, 206
r
846. 8
2
715. 8
2
131. 0
43, 351
41, 974
4,263
2,650
462
do
do
do-__
r
2
RAILROAD EQUIPMENT
r
New orders
__ _
Equipment manufacturers, total
Railroad shops, domestic.
do
do
do
Unfilled orders, end of mo
_ __
Equipment manufacturers, total
Railroad shops, domestic
do_ _
do
do
13, 462
4,616
8,846
14, 315
6,788
7,527
14, 244
6,152
8,092
13, 778
7,100
6,678
13, 274
7,171
6,103
13, 192
6,516
6,676
12, 429
6,003
6,426
11,064
5,264
5,800
12, 159
5. 737
6,422
13, 502
7,039
6,463
16, 122
7,446
8,676
17, 565
9,177
8,388
19, 952
10, 785
9,167
21, 307
11, 155
10, 152
19, 872
10, 401
9,471
do_ _
do
17
202
23
174
24
235
72
175
50
163
45
120
25
134
12
122
14
108
13
119
18
126
0
126
0
136
0
153
203
1,607
8.8
1,552
8.0
1,594
8.4
1,588
8.3
1,582
8.2
1,577
8.4
1,573
8.6
1,567
8.4
1,563
8.4
1,559
8.3
1,552
8.0
1,547
8.2
1,545
8.3
1,543
83
1,537
8 1
Passenger cars: Shipments
Unfilled orders, end of mo
Freight cars, class 1 (A AR) : §
Number owned, end of year or mo
Held for repairs, % of total owned
thous_.
2,564
1. 597
967
r
J
2
Revised.
Data cover 5 weeks.
Preliminary estimate of production.
1fSee corresponding note, p. S-39.
j Revisions for 1959-61 are available upon request.
AEffective with the Jan. 1962 SURVEY, the qtrly. data reflect an expanded survey and
include companies developing, producing, assembling, etc., complete missiles and space
vehicles (and engines or propulsion units). Comparable data prior to Dec. 31, 1960, are
not available.
r
o
fRevisions for 1960-Mar. 1962 are available upon request.
9 Total includes backlog for nonrelated products and services and basic research.
©Data include military-type planes shipped to foreign governments.
cf Data cover complete units, chassis, and bodies.
©Courtesy of R. L. Polk & Co.; republication prohibited.
§ Excludes railroad-owned private refrigerator cars and private line cars.
INDEX TO CURRENT BUSINESS STATISTICS, Pages S1-S40
SECTIONS
General;
Business indicators
Commodity prices
Construction and real estate .
Domestic trade
Employment and population
Finance
Foreign trade of the United States
Transportation and communications
1-7
7, 8
9, 10
10-12
12-16
16-21
21-23
23, 24
Industry 5
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, arid paper products
Rubber and rubber products
Stone, clay, and glass products
Textile products
Transportation equipment
24, 25
26
26-30
30, 31
31
32-34
_ 35, 36
36, 37
37
38
38-40
40
INDIVIDUAL SERIES
Advertising
10, 11,16
Aerospace vehicles
40
Agricultural loans
16
Air carrier operations
23
Aircraft and parts
3, 13-15, 40
Alcohol, denatured and ethyl
25
Alcoholic beverages
8, 10, 26
Aluminum
33
Apparel
1, 3, 4, 7, 8, 10-15, 38
Asphalt and tar products
35, 36
Automobiles, etc___ 1, 4-6, 8, 10, 11, 13-15, 19, 22, 40
Balance of international payments
2
Banking
16,17
Barley
27
Barrels and drums
33
Battery shipments
34
Beef and veal
28
Beverages
4, 8, 10, 26
Blast furnaces, steel works, etc
13-15
Bonds, outstanding, issued, prices, sales,
yields
18-20
Brass and bronze
33
Brick
38
Broker's balances
20
Building and construction materials. 8-10, 31, 36, 38
Building costs
9, 10
Business incorporations (new), Failures
7
Business population
2
Business sales and inventories
4, 5
Butter
27
Cans (tinplate)
33
Carloadings
23, 24
Cattle and calves
28
Cement and concrete products
8-10, 38
Cereal and bakery products
8
Chain-store sales, firms with 4 or more and 11
or more stores
12
Cheese
27
Chemicals
4-6, 8, 13-15, 19, 22, 24, 25
Cigarettes and cigars
8, 10,30
Civilian employees, Federal,.
14
Clay products
8, 38
Coal
4, 8, 13-15, 22-24, 35
Cocoa
23,29
Coffee
23, 29
Coke
23, 24, 35
Communications
13-15, 19, 20, 24
Confectionery, sales
29
Construction:
Contracts
.
9
Costs
9, 10
Employment, hours, earnings, wages
13-16
Highways and roads
9, 10
Housing starts
9
New construction put in place
1, 2, 9
Consumer credit
17, 18
Consumer expenditures
1,2
Consumer goods output, index
3, 4
Consumer price index
7
Copper
23, 33
Corn
27
Cost of living (set* Consumer price index)
7
Cotton, raw and manufactures.
7, 8, 21, 22, 39
Cottonseed cake and meal and oil
30
Credit, short- and intermediate-term
17, 18
Crops
3, 7, 27, 28, 30, 39
Crude oil and natural gas
4, 13-15,35
Currency in circulation
19
Dairy products
Debits, bank
Debt, U.S. Government
Department stores
Deposits, bank
Disputes, industrial
Distilled spirits
Dividend payments, rates, and yields
Drug stores, sales
3, 7, 27
16
18
11, 12, 17
16, 17, 19
16
26
3, 18-21
11,12
Earnings, weekly and hourly
14-16
Eating and drinking places
11, 12
Eggs and poultry
3, 7, 29
Electric power
4, 8, 26
Electrical machinery and equipment
3,
5,6,13-15,19,22,34
Employment estimates
12™14
Employment Service activities
16
Expenditures, U.S. Government
18
Explosives
25
Exports (see also individual commodities)
1,
2,21, 22
Express operations
23
Failures, industrial and commercial
7
Fans and blowers
34
Farm income, marketings, and prices
1, 3, 7
Farm wages
16
Fats and oils
8, 29, 30
Federal Government finance
18
Federal Reserve banks, condition of
16
Federal Reserve reporting member banks
17
Fertilizers
8, 25
Fire losses
10
Fish oils and
fish
29
Flooring, hardwood
31
Flour, wheat
28
Food products___ 4-8, 10, 11, 13-15, 19, 22, 23, 27-30
Foreclosures, real estate
10
Foreign trade
21-23
Foundry equipment
34
Freight carloadings
23, 24
Freight cars (equipment)
4, 40
Fruits and vegetables
7, 8, 22
;
Fuel oil
35,36
Fuels
4, 8, 35, 36
Furnaces
34
Furniture
3, 4, 8, 10-15, 17
Furs
23
Gas, output, prices, sales, revenues
4, 8, 26
Gasoline
1, 35, 36
Glass and products
.
38
Glycerin
25
Gold
2, 19
Grains and products
7, 8, 22-24, 27, 28
Grocery stores
11, 12
Gross national product
1, 2
Gross private domestic investment
1,2
Gypsum and products.
8, 38
Hardware stores
•_
11
Heating equipment
8, 34
Hides and skins
8, 30
Highways and roads
9, 10
Hogs
28
Home Loan banks, loans outstanding
10
Home mortgages
10
Hosiery.
38
Hotels____
14, 15, 24
Hours of work per week
14
Housefurnishings
1, 4, 7, 8, 10-12
Household appliances and radios
4, 8, 11, 34
Housing starts
9
Imports (see also individual commodities). _ 1, 21-23
Income, personal
2, 3
Income and employment tax receipts
18
Industrial production indexes:
By industry
3, 4
By market grouping
3, 4
Installment credit
12,17, 18
Installment sales, department stores
12
Instruments and related products
3, 13-15
Insulating materials
34
Insurance, life
18, 19
Interest and money rates
17
Inventories, manufacturers' and trade
4-6, 11, 12
Inventory-sales ratios
5
Iron and steel
3, 5,6,8, 10, 19, 22,23,32,33
Labor advertising index, disputes, turnover
16
Labor force
12
Lamb and mutton
28
Lard
28
Lead
33
Leather and products
3 8, 13-15, 30, 31
Life insurance
18, 19
Linseed oil
30
Livestock
3, 7,8, 24,28
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit)
10, 16, 17, 20
Lubricants
35, 36
Lumber and products
3, 5, 6, 8, 10-15, 19, 31
Machine tools
34
Machinery
3, 5,6,8, 13-15, 19,22,34
Mail order houses, sales
11
Manmade fibers and manufactures
8,39
Manufacturers' sales, inventories, orders
4—6
Manufacturing employment, production workers, payrolls, hours, earnings
13-15
Manufacturing production indexes
3, 4
Margarine
29
Meats and meat packing
3, 7, 28
Medical and personal care
7
Metals
4-6, 8, 13-15, 19, 23, 32-34
Milk
27
Mining and minerals
2-4, 8, 13-15, 19, 20
Monetary statistics
19
Money supply
19
Mortgage applications, loans
10, 16, 17
Motor carriers
23
Motor vehicles
1, 4-6, 8, 10, 11, 13-15, 19, 22, 40
Motors and generators
34
National defense expenditures
1,18
National income and product
1, 2
National parks, visits
24
Newsprint
23, 37
New York Stock Exchange, selected data
20, 21
Nonferrous metals—
8, 19, 23, 33, 34
Noninstallment credit
—
17
Oats
27
Oil burners
34
Oils and fats
8, 29, 30
Orders, new and unfilled, manufacturers'
6
Ordnance
,..
- 13—15
Paint and paint materials
8, 25
Panama Canal traffic,.
24
Paper and products and pulp
3,
5,6,8,13-15,19,23,36,37
Parity ratio
7
Passports issued
24
Payrolls, indexes
14
Personal consumption expenditures
1, 2
Personal income
2, 3
Petroleum and products
4-6,
8,11,13-15,19,22,23,35,36
Pig iron
__•
._
32
Plant and equipment expenditures
2, 20
Plastics and resin materials
25
Population
12
Pork
28
Postal savings
17
Poultry and eggs
3, 7, 29
Prices (see also individual commodities)
7, 8
Printing and publishing
4, 13-15
Profits, corporate
1, 19
Public utilities
2-4, 7-9, 13-15, 18-21
Pullman Company
24
Pulp and pulpwood
36
Purchasing power of the dollar
8
Radiators and convectors
34
Radio and television
,_ 4, 8, 10, 11, 34
Railroads
2, 13, 14, 16, 18-21, 23, 24,40
Railways (local) and bus lines
13-15, 23
Rayon and acetate
39
Real estate
10, 17, 18
Receipts, U.S. Government
.
18
Recreation
7
Refrigerators and home freezers
34
Rent (housing)
7
Retail trade___
4, 5, 7, 9, 11-15, 17
Rice
27
Roofing and siding, asphalt
36
Rubber and products
4-6, 8, 13-15, 23, 37
Rye
27
Saving, personal-.,
Savings deposits
Securities issued
Services
Sheep and lambs
Shoes and other footwear _
Silk, prices, imports, production
Silver
Soybean cake and meal and oil
Spindle activity, cotton
Steel ingots and steel manufactures
Steel scrap
Stock prices, earnings, sales, etc
Stocks, department stores
Stone, clay, and glass products
Stoves and ranges
Sugar
Sulfur
Sulfuric acid
Superphosphate
2
17
19, 20
1, 2, 13-15
28
1, 8, 11, 12, 31
8, 39
19
30
39
32, 33
32
20, 21
12
3-6,
8, 13-15, 19, 38
34
23, 29
25
25
25
Tea imports
29
Telephone, telegraph, cable, and radiotelegraph carriers
13-15, 19, 20, 24
Television and radio
4, 8, 10, 11, 34
Textiles and products.. 3, 5, 6, 8, 13-15, 19, 22, 38-40
Tin
23, 33
Tires and inner tubes
8, 11, 12, 37
Tobacco and manufactures
4-8, 10, 13-15, 30
Tractors
22, 34
Trade (manufacturing, wholesale, and retail)
4-6, 11, 12
Transit lines, local
23
Transportation
1, 2, 7, 23, 24
Transportation equipment
3-6, 13-15, 19, 40
Travel
23, 24
Truck trailers
40
Trucks (industrial, motor)
34,40
Unemployment and insurance
12, 16
U.S. Government bonds
16-18, 20
U.S. Government
finance
18
Utilities
2-4, 9, 13-15, 18-21, 26
Vacuum cleaners
Variety stores
Vegetable oils
Vegetables and fruits
Vessels cleared in foreign trade
Veterans' benefits
Wages and salaries
Washers and driers
Water heaters
Waterway traffic
Wheat and wheat
Wholesale price indexes
Wholesale trade
Wood pulp
Wool and wool manufactures
Zinc
34
11, 12
29, 30
7,8, 22
24
16, 18
flour
1, 3, 14-16
34
34
24
28
8
4, 5, 12
36
7, 8, 23, 40
33, 34
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GOVERNMENT PRINTING OFFICE
DIVISION OF PUBLIC DOCUMENTS
WASHINGTON 25, D.C.
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Volume 43
Survey of Current Business
Numbers 1-6
First-Half 1963 Index
of Special Articles and Features
SPECIAL ARTICLES
National Income and Product in 1962
Industrial Production—Employment—Prices. . .
The Balance of Payments
Government Programs for Fiscal Years 1963 and
1964
Automobile Output in the Postwar Period
Factors Affecting U.S. Merchandise Exports. . . .
Capital Investment and Sales Expectations for
1963
Manufacturers' Inventory and Sales Expectations in the First Half of 1963
Consumer and Business Income arid Spending
Patterns in the Postwar Period
No.
1
1
1
2
2
2
Page
No.
Page
3
18
4
11
17
The Balance of International Payments in the
Fourth Quarter and Year of 1962
Regional Income Developments in 1962
4
6
9
13
20
Size Distribution of Income in 1962
4
Capital Formation, Saving, and Credit
5
14
10
4
8
12
The Utilization of Capital Equipment: Postwar
Compared With Prewar
8
The Balance of International Payments During
the First Quarter 1963
17
Foreign Travel Spending Up Sharply in 1962
After Pause in 1961
27
FEATURES
Consumer Goods Output At High Rate
Housing Activity in Early 1963
Retail Sales Buoyant
Recent Changes in Personal Income
Corporate Profits and National Output
The Tax Base for Individual Incomes
First Quarter Rise in Gross National Product. . .
No.
2
3
4
4
4
5
5
Page
2
2
2
3
5
3
5
No.
Business Population in 1962 Continues Its Slow
Growth
Plant and Equipment Expenditure Anticipations,
1963
Manufacturers Expect Higher Sales and Further
Inventory Accumulation in Second and Third
Quarters of 1963
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