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MARCH 1960
survey of
CURRENT
BUSINESS
U.S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
SURVEY OF CURRENT BUSINESS
VOL.
MARCH 1960
40, NO. 3
U.S. Department of Commerce
Frederick H. Mueller,
Secretary
Office of Business Economics
M. Joseph Meehan,
Contents
Director
THE BUSINESS SITUATION
PAGE
Summary Review
,
»
. ,
,
Construction Activity
, . . . . . * . . .
Housing Downward—Industrial Higher
Rise in Industrial Output—
Rebuilding o f Inventories
. . . . . . .
The Balance of International Payments—
Developments i n Fourth Quarter a n d 1959
Merchandise Trade Review
. . . . . .
Imports Major Factor in Our Increased Deficit in Year
Service and Military Transactions
The Capital Outflow from U.S.
Decline in Government Net Payments
Outflow of Short-term Funds in Fourth Quarter Large
Drop i n Private Capital Outflow . . s . . . . . .
Balance o f Payments with Major Areas . , . , , , ,
1
Louis J. Paradise
Managing Director
3
Loughlin F. McHugh
Business Review Editor
Billy Jo Dawkins
Graphics
6
7
7
9
9
9
9
10
11
STAFF CONTRIBUTORS
TO THIS ISSUE
Business Review and Features:
Lawrence Bridge
Genevieve B. Wimsatt
Balance of International Payments:
Walt her Lederer
Article:
Murray F. Foss
Marie Hertzberg
SPECIAL ARTICLE
Business Expanding Investment in 1960Expects Higher Sales ,
,
.
Investment Moving Ahead
Special Contributor
,
.
Manufacturers Pace Rise
,
Advance i n Nonmanufacturing Facilities . . . .
Results of Earlier Surveys v. Anticipations . , .
Higher Sales i n 1960 Anticipated . . . . . . .
.
.
.
.
.
12
.
.
,
.
13
15
17
17
MONTHLY BUSINESS STATISTICS
, .
. . S1-S24
, . .
. S24-S40
Inside Back Cover
General .
Industry . .
Subject Index
Lloyd Dollett, the Securities
and Exchange Commission
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U.S. DEPARTMENT OF COMMERCE FIELD OFFICES
Albuquerque, N. Mex., 321 Post Office Bldg. Phone
7-0311.
Atlanta 3, Ga., 604 Volunteer Bldg., e >LuckieSt.,N.W.
JAckson 2-4121.
Boston 9, Mass., U.S. Post Office and Courthouse Bldg.
CApitol 3-2312 or 2313.
Buffalo 3, N.Y., 504 Federal Bldg., 117 Ellicott St.
MAdison 4216.
Charleston 4, S.C., Area 2, Sergeant Jasper Bldg., West
End Broad St. Phone: 2-7771.
Cheyenne, Wyo., 207 Majestic Bldg., 16th St. and
Capitol Ave. Phone: 8-8931.
Chicago 6, 111., Room 1302, 226 W. Jackson Blvd.
ANdover 3-3600.
Cincinnati 2, Ohio, 915 Fifth Third Bank Bldg., 36 E.
Fourth St. DUnbar 1-2200.
Cleveland 1, Ohio, Federal Reserve Bank Bldg,, E. 6tb
St. and Superior Ave. CHerry 1-7900.
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side 8-5611.
K. Celeste Stol
Statistics Edit*
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4-4151.
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Greensboro, N.C., 407 U.S. Post Office Bldg. Phone
3-8234.
Houston 2, Tex., 610 Scanlan Bldg., 405 Main Street.
CApitol 2-7201.
Jacksonville 1, Fla., 425 Federal Bldg. ELgin 4-7111.
Kansas City 6, Mo., Room 2011, 911 Walnut St. BAltimore 1-7000.
Los Angeles 15, Calif., Room 460, 1031 8. Broadway.
Richmond 9-4711.
Memphis 3, Tenn., 212 Falls Bldg. JAckson 6-3426.
Miami 32, Fla., 316 U.S. Post Office Bldg. FRanklin
9-5431.
Minneapolis 1, Minn., 319 Metropolitan Bldg. FEderal
2-3211.
New Orleans 12, La., 333 St. Charles Ave. EXpress 2411.
New York 1. N.Y., Empire State Bldg. LOngacre 3-3377.
Philadelphia 7, Pa., Jefferson Bldg., 1015 Chestnut St.
WAlnut 3-2400.
Phoenix, Ariz., 137 N. Second Ave. ALpine 8-5851.
Pittsburgh 22, Pa., 107 Sixth St. GRant 1-5370.
Portland 4, Oreg., 217 Old U.S. Courthouse Bldg.
CApital 6-3361.
Reno, Nev., 1479 Wells Ave. Phone 2-7138.
Richmond 19, Va., Room 309 Parcel Post Bldg. Milton
4-9471.
St. Louis 1, Mo., 910 New Federal Bldg. MAin 1-8100.
Salt Lake City 1, Utah, 222 SW. Temple St. EMpire
4-2552.
San Francisco 11, Calif., Room 419 Customhouse.
YUkon 6-3111.
Savannah, Ga., 235 U.S. Courthouse and P.O. Bldg.
ADams 2-4755.
Seattle 4, Wash., 809 Federal Office Bldg., 909 First Ave,
Mutual 2-3300.
MAECH 1960
By the Office of Business Economics
BUSINESS activity in February con- tion, both in relation to their principal
tinued at a high rate, and the initial distributional characteristics arid their
quarter of 1960 will post a substantial dimensions. By way of summary at
gain in both output and income over this point, it may be said that the
the final quarter of 1959. The disrup- recent sharp expansion in output—
tions which were the aftermath of the while going in part to satisfy the
1959 work stoppages have been largely continued rise in final demand—has
overcome.
greatly aided in the replenishment of
By the forepart of March there was depleted inventories in metal fabricatlittle further evidence of forced mo- ing production and in related distrimentum stemming from this source, bution channels. In the latter respect,
and the major affected industries were for example, it is seen in the better
able to ease off from these short-run selection of passenger cars in the
pressures. Economic movements will show-rooms of auto dealers.
henceforth be shaped by elements asIt appears that in February producsociated with more usual and basic tion for stock rebuilding purposes was
business developments affecting supply sufficiently advanced to permit an
and demand.
improved flow of consumer goods and
investment goods.
Business investment expanding
The current expansion in business
and
the favorable prospects for plant
Almost two years have passed since
and
equipment investment in 1960,
the sharp business slide ended in 1958.
coincide
with the stability of budgeted
The expansion phase of the current
purchases
for the Federal Government.
cycle is well advanced, and is now
The
rise
in
tax revenues—and consefeatured by the rise in business investquently
the
improvement
in the fiscal
ment. The large year-to-year increases
position
of
the
Federal
Government—
in plant and equipment outlays stand
out in the accompanying chart which is clearly underway.
covers some of the major indicators of Income and buying high
current business.
A dominant element in the demand
The inventory rise has recently been
a center of major attention, and the for the Nation's output—consumer
buildup is contributing importantly to buying—is continuing high in early
the advance in total output to a 1960. The purchasing power of the
rate above the second quarter 1959 flow of income so far this year, after
high. Materials are once more in allowance for price changes, is well
better supply, and the composition of above the high of last year reached in
inventory holdings has been much the fourth quarter.
The early 1960 buying at retail
improved. Final demand—the combination of consumer and government reflects in substantial degree higher
buying and fixed business investment— purchases of automobiles, which were
has moved upward to successive highs held down in December by the restricted supply of available cars. New
since the latter part of 1958.
Inventory movements are treated at auto buying is about one-eighth above
length in a review in a subsequent sec- that of the early months a year ago.
541608°—60
1
With the rapid rise in auto stocks in
dealers7 hands—bringing them to a high
point for this time of the year—some
cutback in output from peak rates has
been underway. Dealers are endeavoring to move cars more aggressively than
in late 1959, when supply lines were
restricted and unbalanced, and the auto
production outlook was uncertain.
For other consumer goods, demand is
also higher than last year. Department store sales in the January-February period of this year were above a
year ago and the same picture prevailed
for sales at other retail stores. Final
figures for January and the advance
estimates for February indicate that for
these latter outlets, sales so far in 1960
were well above a year ago. Services
are maintaining the steady postwar upward tendency.
Behind the continued overall improvement in consumer demand lias
been the almost continuous expansion
in personal income, and in the use
of credit. Personal income averaged
an annual rate of $393 billion in
January and February, compared with
$387 billion in the last quarter of 1959.
The recent income flow was $22 billion,
or 6 percent, above a year ago.
The ready availability of borrowed
funds was an important support to high
and rising consumer demand in 1959.
This situation does not appear to have
changed so far this year, as installment
credit continued to move higher though,
as usual at this period of the year in
auto purchasing, the amount of credit
utilized in relation to dollar outlays has
been reduced. However, with downpayment and maturity terms already
"easy," there is little likelihood of any
special new stimulus to consumer demand from this source. It is possible
1
SURVEY OF CUERENT BUSINESS
also that the necessity for debt repayment incurred by workers idled during
the employment stoppages of last year
has acted as a temporary restrictive
influence on consumer buying; as the
financial circumstances of these workers
improve, their purchasing likewise may
be modified.
The flow of personal income in the
first 2 months of this year was up some
6 percent over a year ago. Keal purchasing power is up almost as much.
The seasonally adjusted number of
employees on nonfarm payrolls in February was virtually unchanged in total
from January. In fact, changes were
relatively slight in all major manufacturing and nonmanufacturing groups.
However, overtime hours were reduced
in some basic industries and total average factory hours worked per week were
lower than in January.
Steel and auto schedules recently
reduced
The steel industry, operating under
pressure of demand of its customers has
produced at a high rate since early
December. In January the rate of
operations averaged 95 percent of rated
capacity in place as of the start of the
year. In February pressure for output
was maintained, although recently the
rate of operations eased off a bit. For
the period December through February
a total of 35 million tons of steel was
turned out—the highest 3 months' volume on record.
Changes in Current Business Statistics, 1959-1960
Increases in January-February I960 over a year ago
Percent
0
I
10
I
I
20
I
I
30
I
PRODUCTION
Motor vehicles
Steel ingots
Electric power
Cotton used by mills *
Crude oil runs to stills
CARLOADINGS
March 1960
Total shipments from the mills are
running at an annual rate of approximately 97 million tons of finished steel,
nearly one-seventh higher than the
record movement for the year 1955
when the auto industry—the largest
single user of steel—experienced its bestsales year. Total supplies for the
domestic market are even higher when
allowance is made for the increased
volume of net imports of finished steel.
Although overall activity in metal
fabricating industries is at a record
high, current consumption of finished
steel is less than available supplies and
stockpiles of metals are being rebuilt
but the volume of inventory increase is
not available from current statistics.
Manufacturing of motor vehicles followed a pattern similar to that of
steel—a high January and a lower
operating rate recently. Ketail sales of
domestic new cars underwent a sharp
recovery and retail stocks were rapidly
rebuilt—reaching a new high.
Assemblies of passenger cars and
trucks averaged 200,000 units per week
in January, and by the end of February
were trimmed to 185,000 per week.
February output of this year was a
record for that month. Combined completions for the 2 months of 1.6 million
units were one-third more than the
year-ago figure, and nearly one-tenth
above the comparable period of 1955.
Truck building was the highest for any
January-February
in the postwar
period.
Total
Goods prices steady—stock prices off
Miscellaneous
SALES
Department and auto stores
INVESTMENT IN
PLANT AND EQUIPMENT **
All industries, total
Manufacturing, total
Durable industries
Nondurable industries
Nonmanufacturing, total
I
* Jan. 1 9 5 9 - J a n . 1960
*X 1st qtr. 1959 -
1st q f r , I960
U. S. Department of Commerce, Office of Business Economics
Sources: See "Business Statistics Supplement, 1959"
60-3-1
The improved supply picture has had
a steadying influence on the overall
commodity price situation. There has
been little variation in the general level
of prices in recent months. At wholesale, the average has been virtually unchanged over the past year; this has
been due, as was noted in earlier reviews, to the fall in agricultural prices
as prices of industrial goods continued
to move ahead. Ketail prices, which
moved moderately ahead in most
months of 1959, have not changed
recently.
The tendency towards reduced pressure on retail prices is pointed up in
table 1, showing changes by 6-month
periods over the past year. While the
SURVEY OF CURRENT BUSINESS
March 1960
price advance in the latter part of 1959
was less than half of that recorded in
the first half, only in the case of foods
did prices move downward.
The advance in nonfood prices continues at a somewhat reduced rate, except in the case of housing items; here
the rise in prices accelerated in the last
6 months of 1959. Medical and other
costs of personal care were up almost as
much in the past 6 months as in the
previous half-year period.
Table 1.—-Consumer Price Trends
Percent
changes
Index, 1947-49=
100
January
1959
July JanJan- 1959 uary
July uary from 1960
1959 1960 Jan- from
uary July
1959 1959
All items
123.8 124 9 125 4
0 9
Food
Housing
Rent.
Apparel
Transportation
Medical care. _ _ .
119 0
128 2
138.8
106 7
144. 1
148.0
3 —1 5
6
13
9
6
7
4
15
12
2 0
1 7
.
119 4
129 0
139.6
107 5
146 3
151. 0
117
130
140
107
148
153
6
7
9
9
1
5
129.4 131.3 132 7
Personal careReading and recreation. _ _ 117.0 119.1 120.3
Other goods and ser vices - 127.3 130.8 131.8
Source: U.S.
Statistics.
1 5
1.8
2.7
0 4
11
1.0
.8
Department of Labor, Bureau of Labor
Transportation costs were also moving forward through last November,
but the major influence in this picture—
higher average payments for new cars
during a period of restricted availability—was reversed in recent months
under the impact of the improved supply of cars. For the remaining items
summarzied in table 1, apparel, personal entertainment, and miscellaneous
expenses, the rise in average costs was
moderated substantially in the more
recent period.
Common stock prices moved irregularly during February, and touched a
low for the most recent downward
movement in early March. The Standard and Poor's weekly index of 500
stocks stood at 55 (1941-43 = 10) at
that time, off 8 percent from the 1959
high attained last summer, but some
40 percent above the 1957-58 low of
39 reached around the end of 1957.
Bond prices have fluctuated to some
extent, although in the case of U.S.
Governments, recent prices were up
noticeably from earlier lows. The 2%'s
of December 1967-72 were quoted in
early March at a bid price 6 percent
above the January low. The recent
quotation on this issue—the highest
since last April—represented a yield
of 4 percent.
CONSTRUCTION ACTIVITY
The overall rate of economic activity
is affected—in opposite directions—by
the strong cyclical rise of plant and
equipment investment and the downward tendency in residential activity.
Investment in plant and equipment
normally lags in an upswing such as
that underway since 1958, and the
present situation is tending to conform
to the pattern usual at the current
stage of the cycle.
According to the new OBE-SEC
survey of business investment programs
for 1960, this year's outlays for new
plant and equipment are estimated
at $37 billion. This compares with the
$32K billion of 1959 and is equal to the
1957 high. The relative increase anticipated over last year is thus oneseventh, indicating an upward trend
from the 1959 final quarter annual rate
of $33K billion.
Eesidential construction activity hit
a top early in the current business
cycle—in the first half of 1959—and
subsequently has been tending downward. The accompanying chart, which
covers the past several years, portrays
the movement of the relevant housing
series: applications for Federal mortgage underwriting, residential work
started, and the new work done on
residential properties.
These series picture the downward
move subsequent to the 1959 high,
which was reached under the stimulus
given to the industry by the general
improvement in financing. Federal
monetary and credit measures—including the additional $1 billion provided
to the Federal National Mortgage Association for the support of the mortgage
market—were important factors in that
improvement. These steps taken in
1958 followed upon the general business
decline in the latter part of 1957; the
subsequent expansion in residential
building had been preceded by a downdrift in residential construction activity
which had extended over the better
part of a 3-year period.
The rise in interest rates last year and
the continued increase in construction
costs have been offsets to the stimuli
afforded by specific Government actions, and by the favorable trend of
consumer income. Differential movements of interest rates and competing
demands for the available supply of
credit, gradually made it more difficult
for home buyers and builders to secure
mortgage financing.
Trend of Housing Activity
MORT GAGE APPLICATIONS
are down from high and
(ratio sc ale)
2,000
FHA and VA
'
1,000
•£
:
800
|
600
^
400
^
I
200 1 1 1 1 1 1 1 1 1 i VI
i i 1 1 1 1 1 111 ir r 11 11 1 11 1
11 1 1 1 11 1 1 1
NEW RESIDENTIAL STARTS
hav e eased off
2,000
sr-^
03
*-^~~\S
| ^ \ ,000
j||
|
:
800
600
1 1 i i i 1 in 1 1
i iiilnii
i In i r i
mi In in
RE<ilDENTIAL
f allows
CONSTRUCTION
like pattern
40
PRIVATE NONFARM
§§
30
^ 20
^
10
:
^T^T
"
i n i l i i i i i n ii limn n i i i l i i ii i urn I t t i n
1957
1958
1959
I960
Monthly at Annual Rates
Data: BLS, BDSA, FHA 8 VA
U. S. Department of Commerce, Office of Business Economics
60-3-2
Government insured or guaranteed
mortgage loans are subject to maximum
interest rates, but actual borrowing
costs involved in placing these loans
exceed these rates because of discounts
on the loan values. Substantial increases in such discounts have been
widely reported. Nevertheless, it has
been generally the case that when
interest rates rise rapidly—as they did
in late 1958 and throughout 1959—
SURVEY OF CUEEENT BUSINESS
managers and owners of loanable funds
show a preference for alternative forms
of investment and supplies of federallyunderwritten financing tend to dry up.
The effects of these forces operating
on one major part of the housing
market are mirrored in the movement
of the combined requests for FHA-VA
mortgage backing shown in the upper
panel of the accompanying chart. The
total of such applications—it may be
seen—is well below a year ago, and is
off much more from the 1955 top, which
is not plotted on the chart. As indicated in the chart, these data are not
adjusted for seasonal influences, appli-
cations usually fall off as the winter
season approaches. However, rough
allowance for this would show a sharp
though lesser decline in these applications.
Housing starts recently approximated
a seasonally adjusted annual rate of
1.2 million, if the erratic movements
as shown in the middle panel of the
chart are averaged out. This rate compares with a peak monthly figure of
around 1.4 million maintained last
spring, and the 1958 low of about
900,000. The line on the bottom panel
of the chart shows the downward drift
of actual construction activity.
March 1960
Manufacturers' Inventories
and Sales
NONDURABLES: Sales rise moderateInventory move in line
_ NONDURABLE INDUSTRIES, TOTAL
|40
-
Inventories
-
=
a 20
-
j
Sales
,
10
|
^^+***>
,
1957
,
,
|
,
1958 1959
1960
DURABLES: Safes and Inventories
recover from effects of strike
Rise in Industrial Output
DURABLE INDUSTRIES, TOTAL
and Rebuilding of Inventories
40
-
Inventories
activity pushed to a
new high since the turn of the year.
This reflects the current volume of
demand for finished goods, and a rapid
correction in the materials supply
situation adversely affected earlier by
industrial disputes. In the 4 months
since the resumption of steel production, pipelines were being refilled and
deficiencies in factory stocks were
being corrected, so that final products
could be turned out in enlarged volume.
Producers increased the book values
of inventories in December and January by $1% billion, after seasonal allowances, with the rate of accumulation
about the same in the 2 months and
with further additions indicated in
February. This rebuilding—designed
to restore needed metal stocks as well
as to meet the requirements of expanded operations—raised factory inventory book values $3% billion, or
7% percent above a year ago. Over
this period sales expanded by almost
one-tenth, so that the inventory-sales
ratio was less than last year.
Durable goods output higher
The increase in sales of durable
goods in early 1960 reflects the rapid
easing in stringencies in metals supply.
For the group as a whole, after allowing
for the normal seasonal fluctuations,
January sales were up 3 percent
December and one-seventh from the
strike-affected November total.
The January increase was in considerable part a reflection of the very
appreciable rise in motor vehicle shipments. Sales by machinery producers
held at the near-record December
rate and continued to reflect a strong
underlying movement in most lines.
In other metal producing and fabricating groups, sales receded a bit and were
well under the prestrike highs.
Nondurable goods generally strong
Producers of nondurable goods have
been providing a steady upward push to
industrial output over the past year.
This growth was gradual and sometimes overshadowed among business
news items by the large shifts in
durable goods output. Soft goods
manufacturers shipped a record volume
in December—some 9 percent above a
year ago—and then eased off on production in January, after seasonal
adjustment. The dip in sales for the
group as a whole reflected the movement of the major industry lines, with
the important exception of the rubber,
food and beverage industries which
reported record January sales.
Expansion in the soft goods industries has been paced over the recovery
20
Sales
10
,„,!
^.^
1
LM,|
1
1
1
PRIMARY METALS PRODUCERS
6
~«>
.._
-
Inventories
—
"S.0 40
Jj
SO/65
Q
c
.2
/\
° 6S sS^
^"V/X^^
f*
\
1
9
^\
f
^
\
1
\
I
£
1
| M M
,
|
|
^J
METAL USING INDUSTRIES
30
-
Inventories
20
~
"'•
10
—
Sales
..•**
***
^^**\/
""
~~
8
-
6
i i m l i i n i l i m i l m u l l mil in I I I ) M l l l l l I I I
1957
1958 1959
1960
Seasonally Adjusted
Note.- Sa/es are total for month; inventories are
book value at end of month
U. S. Department of Commerce, Office of Business Economics
60-3-3
March 1960
SURVEY OF CUEEENT BUSINESS
Table 3.—Manufacturers' Inventories and Inventory-Sales Ratios, 1957-60
period by chemical manufacturers.
[Billions of dollars]
These firms supply many customers
producing a wide variety of goods,
January
Changes ($ billion)
including many going to durable goods
January
January
manufacturers. Their sales were up
1957
1958
1959
1960
1957 to
1959 to
January
January
more than a sixth over the past year.
1960
1960
Consumer items do not bulk as large
seasonally adjusted:
in the industry's total shipments as do Inventories,
Total manufactured
_
52.4
52.9
49.5
53.2
0.7
3.7
Durable goods industries
30.6
30.6
28.1
30.6
0
2.5
industrial products, but some large
Primary metals
__ _ _
4.0
4.3
4.2
.2
4.2
0
Iron anc steel
2 2
-.1
2.5
2.4
2.6
.3
year-to-year advances have also ocTransportation equipment
7.6
7.5
6.6
7.3
-.3
Motor vehicles
3.3
3.2
2.5
-.2
3.1
!i
curred in these items—notably in
Machinery
10.4
10.2
9.0
10.2
-.3
1.2
Nondurable goods industries
21.8
22.3
21.4
22.6
.8
1.2
drugs and pharmaceuticals.
December sales of the paper, petro- Inventory—sales ratios:
Total manufactured
__.
2.01
1.75
1.76
1.73
leum, and rubber industries were quite
Durable goods industries
.
2.05
2.42
2.08
2.00
high, having moved up moderately
Primary metals
1.53
2.19
1.57
1.87
Iron and steel - _ _
1.32
1.95
1.73
1.30
during 1959, though January brought
Transportation equipment
2.14
2.51
2.08
2.02
Motor vehicles
1.74
1.24
1.34
1.40
small reductions in the former two
2.41
Machinerv
_
.. _ .._ ___
2.66
2.25
2.17
Nondurable goods industries
1.45
1.46
1.63
1.46
industries.
Textile and apparel companies have
Source: U.S. Department of Commerce, Office of Business Economics.
also shown relatively larger sales increases over the past year than those recent years. Production of women's curred earlier. The stock-sales ratio
recorded for nondurable goods as a wear has been running moderately for this group has moved back to its
whole. Textile shipments in January higher than in early 1959.
mid-1959 position and still is around the
were slightly lower than in December,
lower end of the range of experience in
seasonally adjusted; they were, none- Factory inventories better balanced
the postwar period. In some industries,,
theless, about one-tenth above the
stock-sales ratios have moved to posiyear earlier figures. Activity in cotton
The rise in inventories of manu- tions above a year ago, with the autofabrics and knit goods has been espe- facturers of durable goods in December motive, lumber and furniture, and
cially strong. The rise in apparel output and January amounted to $1.3 billion stone, clay, and glass industries in this
has been large in men's wear, where on a seasonally adjusted basis. This category.
cuttings had fallen steadily in earlier about offset the liquidation which ocThe machinery industries as a group
experienced a strong flow of orders in
the fall and early winter. These indusTable 2.—Manufacturers' Sales, New and Unfilled Orders, 1957-60
tries had been hampered to some degree
[Billions of dollars]
by the interrupted flow of materials and
parts, a temporary situation corrected
Percent change
Jan lary
at least in part by the recovery in their
January
January
inventory position since November.
1958
1960
1957 to
1959 to"
1957
1959
January
January
Electrical and industrial machinery
1960 *
I960 *
producers recorded a stock rise of about
Sales, seasonally adjusted:
the same magnitude as in December.
9.4
30.8
2.8
30.0
26.4
Total manufacturers
_ _
28.1
In other nonelectrical machinery indus2 7
13 4
15 3
14 9
12 6
Durable goods
13 5
tries—including such groups as office
19.0
Primary metals.
- __
2.7
2.3
2.6
2.0
2.2
1 9
26.5
Iron and steel
13
13. 1
1 7
15
and store equipment and construction
Transportation equipment.
1.5
14.4
3.6
3.0
3.2
3.6
-3.2
Motor vehicles
2.3
13. 5
1.8
2.3
2.0
machinery—inventories
were added to
4 7
8. 1
16 9
4 3
38
4 0
Machinery
15.4
2.8
5.7
13. 7
14.6
Nondurable goods industries
15.0
at a better rate. Except for a few
New orders, seasonally adjusted:
months in 1959, stock-sales ratios at the
2.7
29.7
4.2
28.9
28.5
24.4
Total manufacturers
end of January for each of the three
.4
14.2
2.4
14 2
13.9
10.7
Durable goods industries
-6.4
2.2
-19.5
1.6
2.7
2.3
Primary metals
machinery
groups were lower than at
1 4
—29.5
-5.0
19
14
10
Iron and steel
.4
7.6
2.4
3.3
3.0
Transportation equipment
3.3
any
period
in
the last 10 years.
4.6
16.5
3.9
8.0
3.3
4.2
Machinery
4.9
5.9
15 5
14 8
13.7
14 6
Nondurable goods industries
Motor vehicle producers reported
Unfilled orders, unadjusted:
increased inventories in December, and
-20.5
50.9
47.7
6.8
64.0
49.1
Total manufacturers
no further change during January.
-22.2
5.9
47.5
46.6
44.8
61.0
Durable goods industries
6.4
-8.8
28.3
4.5
5.0
7.0
Primary metals
Primary and fabricating metal pro4.8
-7.7
29.6
3.2
3.7
5.2
Iron and steel
_ .. _
15.4
-37. 1
-5.7
18.1
16.3
24.4
Transportation equipment
ducers slowed their inventory advances
-11.8
17.8
10.8
20.2
16.7
16.1
Machinery
- 12.8
3.4
19. 8
2.5
2.8
3.0
Nondurable goods industries
in January, as compared with
December.
Source: U.S. Department of Commerce, Office of Business Economics.
1
SURVEY OF CURRENT BUSINESS
6
Working stock position improved
Recent changes have gone a long way
toward correcting the imbalances which
impeded the flow of production. The
improvement at the various stages of
fabricating followed the disrupted schedules arising from the work stoppages.
Three-fourths of the recent additions
to durable goods inventory were in
working stocks—about equally divided
between purchased materials and goodsin-process. It was these categories
which had been most affected during
the strike period.
Finished goods stocks which showed
very little change last summer and fall
advanced in the December-January
period. Part of this accumulation of
finished goods resulted from attempts of
producers to reconstitute adequate shelf
supplies of various sizes, shapes, and
models of their products, which had
been drawn on substantially in earlier
months to meet pressing customer
demands.
The current distribution of inventories by stage of fabrication for the
durable goods industries is almost
identical with that of a year earlier.
Among industries, there were as usual
some shifts from this earlier 1959
picture. Finished goods stocks, for
example, represent a smaller proportion
of total inventories than a year ago for
both the primary metal and fabricated
metal products companies, and a higher
proportion for electrical machinery
manufacturers. The large increase in
March 1960
motor vehicle output between early
1959 and 1960 was reflected in a morethan-average rise for this industry in
"goods-in-process" inventories.
In line with the sales growth of the
nondurable goods manufacturers, there
have been modest and steady increments
in inventories. The overall stock-sales
ratio in January was about in line with
that prevailing a year earlier, with theratios for petroleum, rubber and tobacco higher, and for textiles and chemicals lower. Each of the major industries in the group have contributed to
the $1 billion rise in book values over
the year. About three-fifths of the increase has been in finished goods ready
to ship and two-fifths in purchased
(Continued on page 20)
The Balance of International Payments
U. S. Balance of Payments*
Billion $
40
Developments in the Fourth Quarter and Year 1959
U. S. Payments Abroad -!/
50
U. S. Receipts from Abroad
10
10
Excess of Receipts (+) or Payments (—) ]/
-10 i M l l M l l l l l l . M l M l l l l l l . n l . M l n i l l M l M I
1950
52
54
56
58
60
Seasonally Adjusted Annual Rates
^•Excludes military grant aid
J/ Excludes contributions of $1.4 billion to
the IMF in the 2nd quarter of 1959
U. S. Department of Commerce, Office of Business Economics
60-3-4
1 HE DEFICIT in the U.S. balance
of payments was again reduced in the
final quarter of 1959. Exports of
goods and services declined, but this
loss was more than offset by a lesser
outflow of funds for imports and of
U.S. private capital, and through extraordinary receipts from advance repayments of debts by foreign countries
to the U.S. Government.
The fourth quarter was affected by
several special and transitory developments which tend to obscure the more
basic trends, and also increase the uncertainties in measuring the size of the
deficit. Foreign gold holdings and
liquid dollar balances reported by U.S.
banks and nonfinancial institutions
rose, as a result of transactions with
the United States, at a seasonally
adjusted annual rate of about $2
billion, compared with a rate of about
$4 billion during the preceding quarter.
The improvement in our balance of
payments is not likely to have been so
great as these figures indicate, and it
would not appear to be a solid assumption that the deficit has dropped to the
rate suggested by the latest quarterly
figure.
Table 1 shows that the half billion
dollar decline from the third to the
fourth quarter in recorded net transfers
of gold and liquid dollar assets was due
to a large rise in net receipts from
unrecorded transactions. These probably include a relatively steady amount
of net receipts from recurring transactions, such as certain services. The
large shifts, however, which are superimposed on that base, may reflect
movements of relatively liquid funds
which should (if data were available)
be added to those reported by banks
and nonfinancial institutions.
During the final 1959 quarter the
transactions for which data are available (other than gold and recorded
March 1960
SURVEY OF CURRENT BUSINESS
dollar transfers) resulted—after sea- bales, which corresponds to the antici- coffee. Imports of the latter had been
sonal adjustments—in net U.S. pay-pated rate for this year. Exports of rather high during the preceding quarments of more than $800 million. aircraft rose, and particularly so in ter, however, and inventories at the end
Allowing for unrecorded receipts from December, though in the fourth quarter of last year were substantially above
the more or less recurring types of they were still below the rate of deliv- those a year earlier. For the year as a
transactions (estimated to be equal to eries currently scheduled for 1960.
whole the value of foodstuffs imports
the average rate during the last few
Including some recovery in steel was fairly stable, as the higher volume
years), net U.S. payments would have exports and of finished steel products was offset by lower prices.
been just under $700 million.
postponed during the last quarter of
Industrial supplies and materials
Without the extraordinary advance 1959—and some increase in agricul- accounted for about 60 percent of the
repayments of debts by foreign govern- tural products other than cotton—the total import rise from 1958 to 1959.
ments, the fourth quarter deficit would commodities, affected by special devel- The extraordinary demand for steel
have been about $950 million, or $3.8 opments, may add approximately $1 was, of course, a contributing factor in
billion at an annual rate, slightly up billion to the fourth quarter annual that increase. Even omitting this item,
from the $3.4 billion, computed in a export rate of $16.5 billion.
the volume of such imports in 1959 was
comparable way for the third quarter.
The December and January export about one-eighth above that of 1957
The recent development may be data indicate that much of this rise has when domestic business hit its last
viewed in the perspective of earlier already been recorded and the remain- peak, while domestic industrial producyears in the accompanying chart. It der may be expected to come early tion was 5 percent higher. The import
shows in the upper panel the decline this year.
volume during the second half of 1959
in our receipts relative to payments
was slightly lower than in the first half,
after 1957, and the recent rise in re- Imports rise; commodity analysis
but somewhat higher prices raised the
ceipts (including those from unrecorded
import values by a small amount.
transactions) resulting mainly from
Merchandise imports were the major
Among the major commodities—
capital transactions. The lower panel item adding to the balance of payments whose imports declined or did not conindicates the growth of the adverse deficit in 1959 (see the chart on p. 8). tinue to expand—were hides, furs and
balance, and the apparent change in The rise did not continue after mid- wool, lumber, woodpulp, and petroleum.
the latter part of last year.
year, however, as the continued expan- Rubber, iron ore, and nonferrous metals
Total U.S. payments in 1959 were sion in purchases of some foreign continued to move up. A major factor
$29K billion compared with $27% billion commodities was offset by a slackened affecting the latter group was the loss of
in 1958, while our receipts—including demand for others.
domestic copper production due to
Declines from the third to the fourth strikes.
those from unrecorded transactions—
were $25% billion and $24^ billion, quarter were most significant in foodAlthough prices of imported materials
respectively. The excess of payments stuffs—particularly sugar, meat, and (other than steel) rose slightly during
over receipts was thus around $3.7
billion in 1959 against $3.4 billion in Table 1.—U.S. Balance of Payments Seasonally Adjusted (Excluding Military Grants)
1958. In 1957 receipts exceeded pay[Millions of dollars]
ments by nearly a half billion dollars.
19 59
The fourth quarter decline in merchandise exports, seasonally adjusted,
was due to temporary circumstances.
Most of it may be attributed to the anticipation of the suspension of shipping
which occurred during the early part of
October. This resulted in a speed up
of exports during September and a
corresponding decline in the following
month. Some of the decline in exports
was also due to the effects of the steel
strike.
Among the major products, which
had been expected to raise exports late
last year or in early 1960, cotton apparently has advanced to an annual rate
(seasonally adjusted) of over 6 million
II
1
MERCHANDISE TRADE
IV
III
Recorded transactions:
U.S. payments, total
Imports, total
Merchandise
_ _
__ .
Services and military expenditures
Remittances and pensions. . _ _
_ _ ._
Government grants (net) , related long-term loans, and net shortterm capital outflows
.
_ _ _ _ _ _ _ _
U.S. private capital (net) and other Government long-term capital outflows
U.S. receipts, total
Exports, total
Merchandise
Services and military transactions ._- - _ _
Repayments of long-term Government loans
Foreign long-term investments in the United States. _ _ _
7 009
7 526
7 474
7, 361
5, 560
3,538
2,022
6 005
3,931
2,074
5,978
3, 951
2,027
5. 931
3.915
2.016
186
188
213
190
660
571
613
050
603
i 762
670
590
5,896
6,001
6,462
6,533
5 531
3, 812
1,719
5 671
3,930
1, 741
6, 164
4,338
1,826
5. 971
4,131
1,840
290
75
140
190
140
158
427
135
-1,113
-1,525
-1,012
Unrecorded transactions (errors and omissions) , (net receipts).. ... .._
157
317
-13
315
Increase in foreign gold and recorded liquid dollar assets through transactions with the United States
956
i 1, 208
1,025
513
Balance on recorded transactions (net payments (— ))
1. Excludes $1,375 million IMF subscription.
Source: U.S. Department of Commerce, Office of Business Economics.
-828
8
the second half of 1959, for the year as a
whole they were less than 1 percent
higher than in 1958 and about 5K
percent lower than in 1957. The
recent stability in import prices contrasts with the experience during the
comparable phase in the 1955-57 upswing. During 1955, prices of imported
industrial materials were about 6 percent higher than in 1954 when the low
in that cycle was reached, and 4 percent
higher than in 1953 when the business
activity was at the peak of that earlier
The relative stability in current import prices may in part reflect the
absence of excessive demands by the
major industrialized countries such as
those earlier created by inflationary
credit expansions. In part, however,
it also was due to relatively ample
supplies of many products provided by
the large investments in earlier years
in the development of natural resources,
financed to a considerable extent by
U.S. capital.
With prices relatively stable, there
was little incentive to increase imports
in excess of current needs. With few
exceptions inventories of industrial
materials at the end of 1959 were about
the same or lower relative to consumption, as at the beginning of the year.
SURVEY OF CURRENT BUSINESS
March 1960
1954. In the second half of 1959,
however, arrivals remained at the same
rate as during the first half of the year.
Imports of other consumer goods
which had temporarily leveled off during the recessions of 1954 and 1958 rose
by nearly 40 percent. This was much
more than in any other recent year, and
is indicative of a major advance by
foreign products in the U.S. market.
Unlike automobiles, however, the rise
continued throughout the year, which
suggests that the forces responsible for
it have not so far weakened.
Imports of finished capital goods also
contributed to the upward trend in
overall imports. The increase during
the early part of the postwar period was
in steps rather than continuous, with
the years 1948-50 averaging slightly
over $100 million, and the years 195254 close to $220 million. Since then,
however, imports rose steadily, and at
an accelerating rate, apparently not
retarded by the 1958 recession. In
1959, they exceeded $600 million, a
one-fourth increase over the previous
year.
International Transactions of the United States
1958 and 1959
U.S. RECEIPTS (inflow of funds)
U.S. PAYMENTS (outflow of funds)
15
Billion Dollars
10
5
5
Billion Dollars
10
15
T
Merchandise
(excl. military)
Military (exci. grants)
Transportation
Travel
Advance in finished goods imports
Finished consumer goods (other than
foodstuffs) had a major share in the
import rise during recent years. In
1959, the value of consumer goods purchased abroad amounted to more than
$2.4 billion, an increase of $700 million
(over 40 percent) from 1958, and $900
million (nearly 60 percent) from 1957.
This rise represents more than a recovery by foreign industry of prior markets
in the United States, following the reconstruction of foreign production facilities after the war. In 1959, these
imports were more than twice as high
relative to disposable incomes as in
1937, and the ratio was even higher than
in 1929.
The sale of passenger automobiles,
of course, was a major factor in this
expansion. In 1959, nearly 700,000
units were brought into the country,
compared with 35,000 as recently as
Other services, private
remittances, and pensions
Income on investments
Private capital, net
Govt. capital* and grants
Other receipts, net
Increase in U. S. shortterm liabilities, and
U. S. gold sales
NOTE: Not included in this chart are the net
military transfers to foreign countries under
grants made by the U.S. Such transfers
amounted to $2.5 billion in 1958 and
to sor-.ewhat less for 1959.
U. S. Department of Commerce. Office of Business Economics
• Excludes U.S. contributions of $1.4 billion
fo the International Monetary Fund in 1959.
20
March 1900
SURVEY OF CURRENT BUSINESS
material producing industries, where
productive capacity has, temporarily,
In several respects, imports were
outstripped demand. Higher taxes and
raised during 1959 by special factors.
costs of production may also have conThe strikes in the steel and copper
tributed to the decline.
industries were perhaps most imporIn the case of Africa, large expenses
tant. The rise in coffee inventories by
for exploration and development in the
more than 50 percent is not likely to
petroleum industry were charged
be repeated this year. Imports of these
against income. Incomes from investcommodities may react rather quickly
ments in Europe rose relatively little,
to the improved supply situation here,
perhaps because a higher share of the
and steel imports will also be affected
earnings was reinvested.
by rising demand and prices abroad.
On the payments side, travel expendIn addition, import demand has fallen
itures abroad advanced by slightly
for meat, lumber, and some other maover $100 million, which was somewhat
terials and this trend can be expected
more than the rise during the recession
to continue in the near future. Imyear of 1958 but less than during the
ports of most of the industrial materials
previous cyclical upswing in business
and supplies will correspond to the
activity and incomes in 1955 and 1956.
general domestic business trend, howMilitary expenditures during the
over, and the upward movement in
fourth quarter were less than in the
manufactured consumer and producers
corresponding period of 1958, and for
goods still appears to be strong.
1959 as a whole the decline from the
During the early part of this year the
preceding year was close to $300 million.
declining tendencies may temporarily
The drop affected expenditures in all
outweigh those contributing to a rise,
major areas.
and January import figures seem to
One of the fastest rising pa37ments
point in that direction.
items was interest paid on Government
Both exports and imports may thus
securities owned abroad. These paycontribute to an improvement in the
ments doubled from 1958 to 1959, bebalance of payments early this year.
cause of the higher interest rates paid
The magnitudes involved are not suffiand the consequent shift of foreign
cient, however, to restore a reasonable
liquid assets into that form of investbalance in our foreign transactions, and
ment.
developments in the capital accounts,
which had been affected favorably by
THE CAPITAL OUTFLOW
temporary factors in 1959, may in part
offset the expected improvement in the
The net outflow of funds during the
merchandise balance.
fourth quarter through Government
nonmilitary grants and capital transSERVICES AND MILITARY actions was greatly reduced by the
receipts of $285 million of advance
Services and military transactions in repayments of debts by foreign governlate 1959 were not materially affected ments. Aside from these special reby special developments.
Military ceipts, the net outflow was about $500
sales did not increase over the previous million, compared with nearly $600
year, but the relatively large advances million during the same period of 1958.
A part of this drop was in Western
which were received from foreign governments during the year may foretell Europe which during the fourth quarsome rise of this item in the near future. ter returned more funds to the United
Incomes on direct investments were States—even omitting the advance reless than in 1958, and by an even payments—than moved out in the form
larger margin below 1957, although the of new grants or credits. Most of the
size of investments on which these in- loan repayments are received from the
comes are obtained was larger than in economically more advanced countries
these years. The drop in incomes from in that area, while new grants and
1958 was mainly in Latin America, Asia, loans go to the less developed and comand Africa, suggesting reduced earnings paratively lower income countries of
in the petroleum and possibly other raw southern Europe.
Special factors in 1959 import rise
2
Digitized for 541008°—60
FRASER
9
Net loan disbursements to Latin
America did not change materially
from the preceding quarter, but were
considerably less than a year earlier.
Grants and loans to Asia increased,
however. The shift in Government
assistance from Europe and Latin
America to Asia and Africa was part of
a trend which is also evident from the
data for the entire years 1958 and 1959.
Private capital outflow below
previous year
While the net outflow of private U.S.
capital rose slightly from the third
quarter, it remained lower than in the
comparable period of the previous year.
For 1959 as a whole, net private investments abroad were $2.1 billion—about
$700 million less than in 1958.
Several partly offsetting developments marked the fourth quarter. The
movement of direct investment capital
to Latin America seemed to have been
dominated by a few large return flows,
which obscured many smaller capital
outflows, but for the area as a whole
this was offset by large net outflows of
short-term capital—particularly to
Venezuela. Relatively large amounts
of short-term funds were also loaned to
Japan, perhaps—as in previous years—in connection with cotton sales.
The fourth quarter outflow of shortterm funds was the largest since the
first quarter of 1957, at which time
private U.S. banks assisted foreign
countries in meeting their extraordinary
dollar demand arising from the "Suez
crisis." With bank credit remaining
tight, the large outflow of funds at the
end of last year was—most likely—a
temporary development only, attributable to special circumstances.
Other forms of capital movements
continued to reflect the relatively tight
credit conditions and the high interest
rates. Net purchases of foreign stocks
also remained small during the quarter.
Direction of capital outflow
The private capital outflow for the
year 1959 as a whole shows a large increase over 1958 in direct investments
in Europe. This was largely offset by
an opposite movement of short-term
capital, reflecting the comparative
credit conditions in European and U.S.
financial centers.
10
Capital outflows to the other areas
declined from 1958 to 1959. In the
ease of Canada, this was mainly due to
a smaller outflow of short- and mediumterm funds, while direct investments
and new issues of securities were slightly
higher. In Latin America, Asia, and
Africa, net direct investments were less,
while short- and medium-term loans
were somewhat higher.
The decline from 1958 to 1959 in
private capital outflows was one of the
major factors limiting the rise in the
balance of payments deficit. It was
due, at least in part, to the stringency
of credits, both absolute and relative to
the major European countries. With
business activity in the U.S. and
abroad rising, and credit abroad also
tightening, private capital movements
may not continue to be as favorable a
factor in the balance of payments as
they were last year.
SURVEY OF CURRENT BUSINESS
the total increase in foreign shortterm assets, which was accumulated by
foreign private banks and other private
owners.
Private holders of financial assets are,
of course, less limited in their choice
of the type of investment than are
foreign central banks and official
institutions. Consequently, there is a
larger chance of foreign funds being
invested outside banks, or bank administered custody accounts, and thus
to escape the present reporting procedures. The tight credit conditions in
this country on the one hand, and
limitations on interest paid on deposits
by domestic banks on the other, may
stimulate such investments.
the Latin American countries and from
the IMF, which offset some of the
sales to Western Europe.
Another factor in the decline of gold
sales to foreign countries during 1959
was the use by them of some of their
dollar receipts for the return of advances from the International Monetary Fund and for repayments in ad-
The Balance of U.S.
International Transactions
Total for ALL AREAS records large adverse
balance in past two years
Gold sales off as foreigners prefer
earning assets
The reported increase in holdings of
liquid dollar assets by foreign countries
and international institutions in 1959
by about $4 billion (including about
Unrecorded transactions complicate
$1 billion obtained by the IMF as
analysis
part of the additional capital subAs indicated in the beginning of this scription) equaled the net investments
review, the outflow of gold and the rise by foreigners in U.S. Government sein foreign liquid dollar assets as re- curities. This represents about half of
corded in the available statistics, de- last year's net sales of U.S. Governclined more than can be explained from ment securities to the public.
the reduction in net payments resulting
The reason for foreign holders of
from transactions for which estimates dollar balances choosing this type of
are made or data are collected. Con- investment was, of course, the higher
sequently, it must be assumed that net interest rates than could be obtained
receipts from unrecorded transactions from other investments with an equal
have increased, For the year 1959 as degree of liquidity. Since earnings
a whole, such receipts were nearly $800 opportunities here were higher than on
million, or some $300 million more than equally liquid investments in the
in 1958. This rise may be due partly major financial centers abroad, private
to the fact that the 1959 estimates are foreign financial institutions and other
still preliminary, and data received at holders kept their liquid funds invested
a later time may reduce the unexplained in dollar assets.
amount. There is also the possibility,
This may be the major explanation
however, that some of the increase was for the relatively small increase in
due to capital inflows, which are not dollars accruing to foreign central banks
covered by the current reporting or governments and, at least in part,
sources.
for the decline in their purchases of
During 1959, various measures were U.S. gold from $2.3 billion in 1958 to
taken in the major European countries about $1.1 billion in 1959. This octo reduce restrictions on their outward curred although during that period the
capital movements. An indication of deficit in our balance of payments had
these measures is the large increase— increased.
from $24 million in 1958 to well over
Net gold sales during the fourth
$500 million in 1959—in recorded quarter shrank to $72 million, the
private long-term investments by for- lowest amount since the end of 1957.
eigners in the United States. Another The recent decline was accelerated by
is the large share (over two-thirds) of large U.S. gold purchases from one of
March 1960
Our transactions with WESTERN HEMISPHERE
are nearly in balance; overall deficit results
mainly from transactions with WESTERN
EUROPE and OTHER AREAS
2 WESTERN EUROPE
2 LATIN AMERICA
-•> L
2 OTHER AREAS
I960 52
54 56
Annual
58
Quarters
At annual rate
* Excludes U.S. contributions to IMF of
$1.4 billion in 2nd quarter of 1959
U. S. Department of Commerce, Office of Business Economics
60-3-6
March 1960
vance of contractual obligations, of
some of the debts owed to the U.S.
Government.
Summary view
The chart on page 8 covering the
receipts and payments in the international transactions was designed for
the twofold purpose of bringing out
the size of the various segments of the
balance of payments account and the
1958-59 changes, which have been
reviewed in the foregoing discussion.
BALANCE WITH MAJOR
AREAS
The chart on page 10 covering major
area transactions shows the geographical distribution of the $3.7 billion
balance of payments deficit in 1959
(exclusive of the $1.4 billion additional
capital contribution to the IMF).
About $1.8 billion of this resulted
from our transactions with Western
Europe and $2.3 billion from our net
payments to Asia and Africa. Our
transactions with Latin America were
more closely in balance, with payments exceeding receipts by about $300
million; those with Canada showed a
surplus of receipts by about $140
million.
In addition, the U.S. had net receipts of about $500 million from international institutions, from unallocated,
and from the total of all unrecorded
transactions, again aside from the
recent contribution to the IMF.
This general pattern has prevailed
since 1950, except for 1957 when our
balance with Western Europe was
temporarily positive.
A surplus or deficit in our balance
of payments with any one region or
country does not indicate whether
this region or country is spending more
dollars than it is currently receiving
or whether it is drawing on, or accumulating dollar or gold reserves. In
fact, of the $24 billion of gold and
liquid dollar assets accumulated by
foreign countries and international organizations from 1950 to 1959, Western
European countries accounted for about
$15.5 billion, all of Asia, Africa, and
Oceania for $2.5 billion (which includes
Japan with nearly $1 billion), and
SURVEY OF CURRENT BUSINESS
Latin America for about $900 million.
Canada, which consistently spent here
more than we spent there, accumulated
during that period over $2 billion,
and international organizations nearly
$3 billion.
The international flow of dollars
Thus, it appears that a large part
of the dollars received by Asia and
Africa as a result of transactions with
the United States are either spent
or deposited elsewhere, presumably in
Europe. Europe uses a part of its
net dollar receipts for payments to
Canada, thus enabling the latter to
meet its deficit with the United States
and, in addition, to increase its dollar
holdings.
The direction of the dollar flow
through Latin America is more difficult to determine, and may be changed
by unrecorded transactions (or errors in
the estimates), since the balance of
recorded transactions by the United
States with that area is relatively
small. Furthermore, it is affected by
various special conditions such as the
refining of Venezuelan oil in the Netherland's West Indies which—in the balance of pa}^ments compilations—appears as a transfer of funds to Latin
America by the "Other countries" area,
rather than a direct payment to Latin
America by the United States, which
imports and pays for much of this
petroleum.
In 1958 and 1959, however, unless
U.S. receipts from unrecorded transactions have increased substantially,
dollars appear to have moved from the
United States through Latin America
to other countries—presumably mostly
to Europe.
U.S. net payments to the international institutions—particularly private
capital invested in the International
Bank—represented an indirect dollar
flow going mostly to the less developed
countries which were the principal
recipients of the loans, and from there
to the countries—including the United
States—where the loan funds were
expended.
The chart on page 10 shows the similarity in the cyclical movement of our
overall balance of payments with our
regional balance of payments with
Western Europe. The balance on ma-
11
jor transactions with Japan (complete
data on transactions between Japan
and the United States are not available
at this time) since 1955 would generally
reinforce the movement of our European balance. The large improvement
in our balance in 1957 and the subsequent deterioration in 1958, however,
was also due to our transactions with
the underdeveloped countries, including
Latin America.
For the longer run trend in our
foreign balance, our transactions with
Canada, Latin America and the less
developed countries in the Eastern
Hemisphere are also important.
In 1959, our balance with Canada
improved somewhat, but still remained
far below what it had been before 1958.
The U.S. deficit with all other regions
increased. Net payments to the underdeveloped countries and the International Bank rose by about $300
million, and those to Western Europe
and Japan by about $500 million,
Net payments to Europe were, of
course, limited by the earlier noted
extraordinary debt repayments of over
$400 million. Our deficit on ordinary
transactions with Europe and Japan^
for the first time—and by a considerable margin—exceeded that of 1953S
suggesting that the cyclical factors
contributing to the decline in our balance were reinforced by others. Most
of the adverse movement apparently
took place in the first half of the year.
The deficit with Western Europe
during the second half of 1959 (adjusted
to exclude the advance debt repayments) was no larger than during the
corresponding period a }^ear earlier, and
this may indicate that cyclical and
certain other favorable factors (e.g.,
our rising cotton sales) may have
changed the rising trend of the 2 previous years. Transactions with the
countries of Asia and Africa during the
same period did not show a similar
improvement.
The special factors mentioned earlier
which can be expected to improve our
overall balance of payments early this
year—such as the deliveries of jet airplanes now on order, or changes in
international trade in steel and steel
products as a consequence of the ending
(Continued on page 18)
BY MURRAY F. FOSS
Business Expanding Investment in 1960—
Expects Higher Sales
BUSINESSMEN expect to increase
plant and equipment investment to
$37 billion in I960, or 14 percent over
1959, and they report that their investment outlays will rise throughout 1960.
All major industry groups are planning
higher outlays this year than last, with
manufacturers reporting a rise of $3
billion (25 percent) and other business
an additional $1% billion (7 percent).
These investment programs are accompanied by expectations of sizable
increases in sales over the records
achieved in 1959. Manufacturers look
forward to an 8 percent sales rise, while
trade companies foresee a 5 percent increase. The investment and sales anticipations were reported by businessmen
in late January and February in the
survey conducted annually at this time
by the Office of Business Economics and
the Securities and Exchange Commission.
Outlays back to 1957 peak
If capital expenditures are carried out
according to these plans, investment in
current dollars this year will be about
as high as it was in 1957, the previous
peak, and some $6% billion above the
recession year 1958. A comparison of
the latest anticipations with actual outlays in the past few years is given in
table 1.
The quarterly data indicate that business is planning to increase its investment from the seasonally adjusted expenditures of $33% billion (annual rate)
in the final quarter of 1959 to around
$35 billion in the current quarter and to
move ahead again in the second quarter
to $37 billion. The rise in actual spending for the final quarter reflected small
increases in manufacturing, mining and
12
commercial investment, offset in part
by decreases in the railroad and public
utility industries. The fourth quarter
figure was below earlier expectations,
and probably mirrored one of the consequences of the steel strike.
The first quarter expenditure represents a large upward revision over previous expectations for the same period
and reflects planned rises, after seasonal
adjustment, in all the major groups except mining. About $1 billion of the
$1% billion advance is attributable to
manufacturing and a large part of this
originates in durable goods industries.
Every group is contributing to the
further seasonally adjusted rise in the
second quarter.
With a $37 billion outlay for the
whole year 1960 and an average rate of
about $36 billion in the first half, a
second half seasonally adjusted annual
rate of $38 billion is implied.
Recovery in output stimulates investment
The survey thus indicates that this
segment of the economy is exhibiting a
lagged recoveiy that has been observed
in the other postwar business cycles.
The main force behind the currently
planned advance is to be found in the
rise in overall output and the improvement in profits that have occurred over
the past 2 years. Real gross national
1960 Investment Programs
Anticipate extension of cyclical recovery
Billion Dollars
40
30
20
10
1955
1956
1957
1958
1959
1960
Half Yearly Totals, Seasonally Adjusted, at Annual Rates
* Anticipated
Data: SEC 8 QBE
U. S. Department of Commerce, Office of Business Economics
60-3-7
SURVEY OF CURRENT BUSINESS
13
product has risen about 10 percent from expansion of capacity is not generally
the recession low in the first quarter of of overriding importance in the current
1958. This economic recovery finds re- programs. Over the past year wholeflection in the rise in profits, and favor- sale prices have been essentially unable expectations in the near-term, and changed despite the large rise in GNP;
this advance has increased the volume wholesale prices other than farm and
of internal funds available for invest- food are up only about 1 percent.
The delivery situation has also
ment.
It should be borne in mind that in- improved-—-as seen for example, in the
vestment expenditures last year and in very rapid recovery of the steel industry
1958 were low relative to other postwar after the end of the steel strike. Relayears. The ratio of plant and equip- tive to sales, unfilled order backlogs
ment outlays to gross national product, have changed comparatively little since
for example, in these 2 years was less the close of 1958. The rise in durable
than at any other time in the postwar goods manufacturers' unfilled orders
period. In manufacturing particularly, has just about matched the 10 percent
where the main strength of the current growth in sales in the past year, so that
advance lies, outlays relative to the the backlog ratio was no higher at the
stock of plant and equipment in place end of 1959 than a year earlier, when
were likewise at postwar lows.
it was the lowest year-end ratio since
1949.
ingot facilities that were introduced in
1957-58.
Outlays of nonferrous metals producers declined in 1959—a }^ear of
strike interrupted production—for the
second year in a row. This industry is
planning a one-fifth increase in capital
spending this year, which would bring
outlays to about half those of 1957.
This year will see a slight pickup for
aluminum producers, attributable mainly to resumption of work on a new
plant that was deferred in 1958 because
of slack demand. Other nonferrous
metals producers have planned larger
increases over 1959.
While 1959 witnessed a record in
primary aluminum shipments, the industry has had since 1957 a good-sized
margin of capacity over output. The
gap was narrowed last year—capacity
rose only 4 percent while output
increased by one-fourth—but operations around year-end were still only
slightly over 80 percent of capacity.
March 1960
MANUFACTURERS PACE
RISE
Metals picture mixed
After 2 successive years of lower
capital outlays, the steel companies
Manufacturing firms are recovering expect to invest about $1.7 billion
from 2 years of comparatively low fixed in 1960—-two-thirds more than they Durable goods generally up
investment; the planned outlay of $15 did in 1959. The quarterly figures
billion scheduled for 1960 is more in indicate a rise in seasonally adjusted
Elsewhere among durable goods proline with the current high in output. expenditures throughout the year; the ducers, an unusually large rise has been
All the major industries are planning implied seasonally adjusted rate in the programed in the motor vehicle indusincreases and in 11 of the 15 groups the second half is as high as the previous try, although from a comparatively low
percentage rise amounts to one-sixth or record in the third quarter of 1957.
1959. Large advances have also been
more (see table 2). According to the
While some of this industry's planned scheduled by the two machinery groups.
survey, building construction and equip- 1960 investment represents a catching The seasonally adjusted rate in the
ment expenditures are expected to rise up on work originally scheduled for the first half of 1960 represents a new peak
by approximately the same proportions, second half of 1959, and possibly some for the electrical group, while planned
While the manufacturing rise is sub- replacements deferred from 1958, it outlays by the nonelectrical machinery
stantial and is expected to be the main should be noted that the industry industry imply a new high for the
factor in investment growth later in the requires substantial facilities for finish- second half of the year. The stone,
year, it does not appear at the moment ing and raw materials production to clay and glass industry, which showed
to be of the same character as the rise in complement the large increases in new a pronounced gain in investment in
1955-56. In many instances the rise is
from rather low rates, and for a majorTable 1.-—Actual and Anticipated Plant and Equipment Expenditures
ity of the individual industries the 1960
[Billions of dollars]
projections are still lower than they
1960 anticipation as percent
were in 1956-57, which witnessed recI960 anof actual in
ord investment by most manufacturing
1959
1958
1957
ticipated
i
industries. Exceptions are electrical
1959
1957
1958
machinery and rubber, where new
15. 13
95
132
12.07
125
15 96
11.43
highs are being established, and the Manufacturing
Durable goods industries
8 09
5. 47
96
5. 77
133
140
7. 66
steel and stone, clay and glass indusNondurable goods industries
t). 29
94
7. 94
5. 96
7.47
125
119
tries where the annual figures are about Mining
.
_ _ _ _ _ _
1.24
.94
LOO
.89
102
81
107
Railroad
.92
1.02
73
.75
1.40
135
110
the same as previous peaks.
Transportation, other than rail
1.50
2.02
2.14
121
143
106
1.77
Although the present programs will
Public utilities
6.20
6.07
98
6. 00
5.67
100
107
result in a sizable enlargement of manuCommercial and other _
10.40
112
9.81
10. 88
11.66
119
107
facturing capacity, there are several
Total
30. 53
36. 9fi
32. 54
37.02
100
121
114
reasons for believing that the supply
situation is relatively favorable so that
Source: U.S. Department of Commerce, Office of Business Economics, and Securities and Exchange Commission.
SURVEY OF CURRENT BUSINESS
14
1959 favored by record construction, is
planning a further rise for the coming
year.
tion, with refining showing the largest
advance. The rise in refinery expenditures is perhaps unexpected since
refinery operations rose only slightly
last year over 1958, which saw the
lowest rate of refinery capacity utilization in the postwar period.
Only a small rise is projected for
production purposes, which account for
more than half the aggregate outlays.
The industry has been hampered in the
recent period by an excess of domestic
capacity for crude production, even
though imports have been put under a
quota. Oil well completions rose slightly
in 1959 after declining for 4 consecutive
years but the number completed was
still substantially below the 1955 peak
year.
Petroleum resumes rise
The integrated petroleum producers
expect to increase their capital outlays
by 18 percent, following 2 years of
lowered investment. If realized, the
plans would bring expenditures by this
group half way back to the peak of
1957. The advance is widespread, by
company.
The breakdown in table 3 of actual
and projected investment by type of
expenditure, recorded by firms accounting for about four-fifths of 1959
capital outlays, reveals important differences. The large overall increase is
for refining, marketing and transporta-
March 1960
Other nondurables ahead
Chemical producers are planning a
sharp step-up in capital outlays in 1960
and the second half is expected to be
at a record rate. The rubber industry
was already at a peak in the second
half of 1959 and anticipates a further
rise in the coming year.
The increases for the textiles and
paper industries are less than average
for all nondurable goods. Under the
influences of increased demand for
textiles and apparel, textile investment
recovered markedly last year from the
low and is expected to increase further
this year. However, some falling off
after midyear is suggested by the data
supplied. Paper companies also increased investment last year and expect more in 1960.
Manufacturing Plant and Equipment Expenditures by Major industries
Planned outlays in most industries well above
recession lows but below 1957 peaks
Billion Dollars (ratio scale)
PETROLEUM
CHEMICALS
MACHINERY
(except electrical)
FOOD & BEVERAGES
ELECTRICAL MACHINERY
MOTOR VEHICLES
TRANSPORTATION EQUIPMENT
NONFERROUS -
.8 -
RUBBER
.6 -
.2
.2
1955
56
57
58
59
60
.2 -
1955 56
* Anticipated
U. S. Department of Commerce, Office of Business Economics,
ff^^
57
58
59
60
1955 56
57
Quarters, Seasonally Adjusted, at Annual Rates
58
59
60
1955 56
57
58
59
60
Data: SEC 8 QBE
60-3-8
SURVEY OF CURRENT BUSINESS
March 1060
Table 2.—'Manufacturing Plant and Equipment Expenditures: 1960 Anticipations
as Percent of 1959, and 1957 or 1956 Peak
I960 as percent of:
1959
19f)7 or
1956
125
Total
Durable goods
.
»
Iron
and steel _
"\Tonferrous
E lectrical machinery
-
_ „ _ _
Machinery
___
_ _ _.
ATotor vehicles
Other transportation equipment
Stone, clay and glass
Nondurable goods
Food and beverage
Textile
Paper
-
Chemicals
Petroleum
Rubber
_
95
133
96
167
119
142
100
46
124
130
159
119
129
93
i 60
85
i 100
119
94
102
114
110
99
i 101
86
133
118
134
95
85
i 126
1. 1956 base.
Source: U.S. Department of Commerce, Office of Business
Economics, and Securities and Exchange Commission.
ADVANCE IN
NONMANUFACTURING
Investment by nonmanufacturing industries is expected to increase $1%
billion in 1960 to a record $22 billion.
The overall gain is about the same as
that in 1959.
This year is expected to see another
large increase in capital expenditures
by domestic airlines as they move
ahead on their programed acquisition
of turbine-powered aircraft. The pattern within this year is one of a very
high rate scheduled to be achieved in
the first half, followed by a decrease.
This depends, of course, to some degree
in the timing of actual deliveries.
According to data compiled by the
Air Transport Association, domestic
carriers have scheduled a doubling of
turbo-jet deliveries from 1959 to 1960
and a sizable decrease in deliveries of
the smaller capacity, and much-lesscostly turbo-props. Because progress
payments are customarily made for
this type of equipment the deliveries
in a buildup stage of production lag
somewhat behind actual expenditures.
Last year trucking companies reported a large increase, halting a 3-year
decline in investment. Trailer production rose about 50 percent from
1958 to 1959 while domestic truck
sales were up more than one-third;
in both cases early 1960 figures showed
sizable gains over a year ago. For
1960, trucking companies have scheduled a further rise in equipment acquisitions. Bus companies' investment
programs, which have changed little
in recent years, indicate a small rise
in the year ahead. Independent oil
pipeline companies and marine transportation firms are scheduling moderate
increases in expenditures for 1960.
Capital outlays by the electric utilities fell about 10 percent last year,
the largest annual reduction in the
postwar period. This stemmed from
the earlier cutbacks in new capacity
additions that were brought about by
the slowing down and leveling of electric
energy output in late 1957 and early
1958.
With power production recovering in
mid-1958 and currently at a record,
the electric companies have increased
their investment and are planning a
7 percent advance in outlays over 1959.
The quarterly pattern points to a small
rise in the first half of this year, followed by a strong advance in the
second.
Evidence of the advance is further
seen in new data recently compiled
through this survey pertaining to the
value of work initiated. The total
value of new work started—regardless
of anticipated completion date—-declined quite markedly from 1957 to
1959 but is expected to increase substantially in this year. Actual expenditures show much less fluctuation
than the projects initiated because,
Table 3.—Expenditures of Petroleum Manufacturing Firms, by Type of Outlays
[Billions of dollars]
1959
Transportation
Refining
_
Marketing
Other i
Total
_
_
_ _ _
with a very long lead time, outlays
in any given year are made not only
on new projects in the same year but
also on those initiated one and two
years earlier.
Newly started projects in recent
years (in billions of dollars) are as
follows:
1957
1958
1959
.
1960 anticipated
Utilities investment large
Production
15
1960 anticipated
1 50
1 56
.15
.19
42
68
35
44
07
07
2.49
2.93
1. Also includes expenditures of manufacturers
products.
of coal
Source: U.S. Department of Commerce, Office of Business
Economics, and Securities and Exchange Commission.
$4.4
3.4
3. 2
4. 0
The gas companies expect a 7 percent
rise this year, after changing little
from 1958 to 1959. The quarterly
pattern of these expenditures has been
quite erratic. Seasonally adjusted outlays fell in the third quarter of 1959
and again rather sharply in the final
quarter of the year, as a result of the
steel strike. A substantial pickup has
been scheduled in the first half of 1960,
followed by some reduction in the
second half.
Moderate increase for railroads
Railroad investment is importantly
affected by traffic and earnings—both
of which were hard hit in the second
half of 1959. The railroads at present
report only a moderate increase for
this year. In 1959, net railway operating income was lower than in 1958 and
the lowest since 1949.
The rise is attributable primarily to
outlays for road; equipment expenditures are not yet programed to increase.
Expenditures for equipment—in large
part freight cars—had fallen to a recession low at the end of 1958 but were
rapidly increased through the third
quarter of 1959 in line with the recovery
of industrial output. Fourth quarter
1959 deliveries were cut sharply but a
good recovery in outlays has been
scheduled for the first and second
quarters of this year.
A large leasing program, which is
important in this rise, is expected to
be completed this summer, and a
decline in expenditures in this particular segment is suggested for the second
half of 1960. It should be noted in
passing that previous surveys have
found the railroads to be conservative
regarding second-half year outlays.
SURVEY OF CURRENT BUSINESS
16
as those for companies in the service
industries, call for a further advance
over 1959 though in this area some of
the actual outlays are not planned very
far ahead. However, in the large
operations, development of new shopping centers is continuing, and this
provides an important stimulus to
investment by both commercial firms
and real estate developers.
The communications firms have pro-
Rise in commercial investment
The upturn in capital expenditures
by retail firms continued through 1959
at an accelerated pace. The seasonally
adjusted outlays in the final quarter
of 1959 equaled the previous record
reached in 1956 although physical
volume has not yet matched the
earlier peak.
Retailers' plans for 1960, as well
March 11)60
gramed an increase to a new record
in 1960. Actual outlays in 1959 were
$2% billion, slightly higher than in 1958.
RESULTS VERSUS
ANTICIPATIONS
Last 3^ear at this time business projected a 4-percent rise in investment
over 1958. Final figures for 1959 show
that actual expenditures were up 6}<?
Table 4.—Expenditures on New Plant and Equipment by U.S. Business, 1 1937-60
[Millions of dollars!
1958
1957
Manufacturing
1958
1959
1900 2
JanMar.
1959
1960
Apr.June
JulySept.
Oct.Dec.
Jan.Mar.
Apr.June
JulySept.
Oct.Dec.
Jan.Mar.2
AprJune 2
15, 959
11,433
12,067
15, 132
2,898
2, 939
2,664
2, 932
2,456
3,021
3,019
3,571
3,046
3,727
Durable goods industries
Primary iron and steel _ .
Primary nonferrous metals
_ _ - ..Electrical machinery and equipment
Machinery, except electrical
Motor vehicles and equipment
Transportation equipment, excluding motor vehicles
Stone, clay, and glass3 product-;
_ .
Other durable goods
8,022
1,722
814
599
1,275
1,058
544
572
1,438
5, 409
1, 192
441
459
915
558
370
399
1, 135
5, 773
1, 036
313
519
909
641
390
529
1,436
7,662
1, 728
372
742
1,185
1,020
465
684
1,466
1,441
315
151
106
255
143
93
102
276
1, 395
324
107
116
234
155
89
101
269
1. 257
285
87
104
201
137
88
84
271
1,376
268
95
133
225
123
100
112
319
1, 144
208
71
91
179
120
82
113
280
1, 450
273
86
122
223
148
99
135
364
1, 437
219
70
134
231
180
103
133
367
1,742
336
86
172
276
193
106
148
425
1,494
308
75
136
227
178
88
146
336
1,836
424
79
163
272
236
110
153
399
Nondurable goods industries
Food and beverages
_ .
Textile-mill products
Paper a n d allied products
_ _
Chemicals and allied products
Petroleum and coal products
Rubber products
Other nondurable goods *
7, 937
850
408
811
1, 724
3, 453
200
491
5, 964
742
288
578
1, 320
2, 431
134
471
0, 294
825
412
630
1, 235
2, 491
190
511
7, 470
838
470
696
1,642
2,930
254
640
1, 457
170
73
141
340
587
37
109
1,544
202
69
146
352
629
30
116
1,407
183
66
151
304
554
32
117
1, 556
187
80
140
324
661
35
129
1,312
185
78
124
260
518
35
112
1, 571
222
100
152
302
619
45
131
1. 582
201
102
168
310
629
51
121
1,829
217
132
186
363
725
59
147
1, 552
208
123
151
318
559
52
141
1,891
235
153
194
358
708
67
176
Mining
1, 243
941
987
1,004
225
239
223
254
213
243
256
275
214
260
Rail roads
1,396
754
923
1,015
256
202
140
156
159
262
282
220
245
300
Transportation, other than rail
1,771
1,500
2 022
2, 141
398
369
320
413
408
527
540
547
546
618
6,195
6, 088
5,667
Q, 066
1, 227
1,511
1, 633
1,717
l} 199
1,480
1,514
1,191
1, 525
3, 032
2,615
2,667
659
683
603
670
586
673
663
745
7, 366
7,195
8,210
1,818
1,844
1,871
1,884
2, 123
2, 081
2,122
I 2,705
3,034
[ 1,662
36, 9G2
30, 526
32, 543
7,325
7, 761
7,427
8, 013
6 S 905
8, 323
8,321
8, 994
7,947
9, 464
11.80
12.25
12. 87
13. 89
14.57
5.83
.90
.28
.55
.95
.68
.41
6.16
1.14
.31
.56
.97
.74
.38
6.88
1.48
.33
.66
1.01
.83
.40
7.23
1. 65
.32
.66
1.10
.91
.43
7.34
.88
. 57
Public utilities
-
. _ _
_
-
- - -
Communications
Total
- -
«.
(
ill, 655
37, 016
1,474
Seasonally Adjusted at Annual Rates
[Billions of dollars]
13. 20
11.53
10. 86
Durable goods industrio 5
Primarv iron and steel
Primary nonferrous metals
Electrical machinery and equipment
Machinery except electrical
Motor vehicles and equipment
Transportation equipment excluding' motor vehicles
0. 58
1.52
.68
.52
1.11
. 66
.43
5.57
1.27
.44
.47
.96
.63
.36
5.16
1.20
.35
.43
.84
.52
.35
4.86
.90
.34
.44
.79
.46
.36
5.26
1.02
.32
.44
.79
.56
. 38
5.74
1.07
.35
.49
.91
.58
.39
Nondurable goods industries ^
Food and beverages
Textile-mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
6 62
.71
.30
. 63
1.51
2 X6
5 96
.76
.26
. 58
1.38
2 42
5.70
.76
.29
.59
1.27
2 17
5.72
.75
.30
.52
1.17
2.36
5.94
.77
.32
.55
1.14
2. 53
6. 06
.83
.37
.61
1.17
2.40
6.42
.83
.45
.66
1.30
2.47
6.71
.86
.50
.69
1.31
2.57
7.01
.88
.52
.69
1.41
2.69
1.' 40
2.78
1.00
.92
.88
.97
.95
.94
1.01
1.04
.96
1.01
.63
.58
.63
1.00
1.28
.85
.99
1.13
1.71
2,08
2.17
2.15
2.26
2.43
Manufacturing
Mining
.
.
__
- -
-
-
10. 58
11.20
P'-iHroad«
1,02
Transportation other tlvn rai!
1.69
1.40
1.29
1.62
5.87
5.97
6.10
6.26
5,80
5.82
5.58
5. 48
5.80
6.02
9.63
9.73
9.85
9.96
10.33
10. 87
11,06
11.19
11.42
I]. 75
32 41
30. 32
29. 61
29. 97
30. 62
32.5!
33. 35
33. 58
35. 32
36.91
C oitimercial and other '
Total
1. Data exclude expenditures of agricultural business and outlays charged to current account.
2. Estimates are based, on anticipated capital expenditures reported by business in late January and February I960. The estimates for the first and second quarters of 1960 ha
adjusted when necessary for systematic tendencies in anticipatory data.
3. Includes fabricated metal products, lumber products, furniture and fixtures, instruments, ordnance arid miscellaneous manufactures.
4. Includes apparel and related products, tobacco, leather and leather products, and printing and publishing.
5. Includes trade, service, finance, and construction. Figures for 1960 and seasonally adjusted data also include communications.
6. Includes industries not shown separately.
SURVEY OF CURRENT BUSINESS
March 1960
percent. The results of the survey
were thus again good, with the difference being less than the average for the
postwar period.
Less-than-anticipated outlays were
made by many manufacturing industries, where the difference was less than
2 percent, and in public utilities—where
the deviation was about 8 percent. All
other major groups spent more than
planned. In dollar terms, the commercial group, which is a special problem area in these anticipatory surveys,
was responsible for a difference of more
than $1 billion between actual and
anticipated expenditures.
There is reason to believe that had
it not been for the tie-up of the steel
flow and its resultant direct and indirect effects, last year's investment
might have been somewhat larger.
Aggregate spending in the first half of
1959 was at a seasonally adjusted anHigher Sales in 1960
Anticipated by Businessmen
15 MANUFACTURING
Anticipated
10 -
5 -
5 -5 -
l-™~
* 10 TRADE
5 -
UTILITIES
10 -
nual rate of $31.6 billion, or about the
same as the figure anticipated for this
period one year ago. However, the
rapid improvement in business that had
occurred in the first half caused business
to raise its sights somewhat regarding
investment in the second half; the
anticipated 1959 spending as published
in the September Survey showed a 9
percent rise over 1958.
Actual spending for 1959 fell about
midway between the March and September anticipations. Part of the difference between these two anticipations
reflects the tendencies of smaller firms
to understate plans in their earlier reported programs.1 Actual shortfalls in
the second half from the summer
17
anticipations were pronounced in the
case of manufacturing, especially in the
case of primary metals, electric and
gas utilities and railroads.
Within manufacturing, most of the
durable goods industries spent less than
planned, with the stone, clay and glass
and miscellaneous durable group being
exceptions. In non durables, petroleum
and chemical firms fell significantly
short while all other groups exceeded
expectations. The largest firms had
projected a rise for last year but fell
short by a considerable margin, actually
spending somewhat less than in 1958.
The other firms invested more than the
small increases that were anticipated in
the early reporting.
Higher Sales in 1960 Anticipated
BUSINESSMEN in all major lines
hold favorable sales anticipations for
1960. The available data are summarized in table 5. Manufacturing firms
expect 1960 sales to be 8 percent higher
than those of 1959, with durable goods
producers showing a 10 percent rise and
nondurable goods companies projecting
a 6 percent rise. In durables, the largest
anticipated rise is in the iron and steel
industry, but this is from an abnormally
low base. The expectations of most of
the other durable goods industries are
not greatly different relatively from the
durable average, though aircraft producers foresee only a slight gain.
Among nondurables producers, the
paper and chemical companies anticipate larger-than-average advances while
food and beverage, textile and petroleum firms expect relatively smaller gains.
As of this January, the seasonally adjusted annual rate of manufacturers 7
sales was running about 3% percent
above the 1959 total, so that in view of
the annual 1960 sales forecast a further
rise is implied after the beginning of
the year.
The same situation holds for both
durable and nondurable sales, though
there is considerable variation by industry. In steel, for example, no
(Continued on page 20)
Table 5.—Actual Sales Increases, 1958-59
and Anticipated Increases, 1959-60, by
Industry
Actual
1958-59
(Percent)
Manufacturing
_ _ _ _ _ _ _ _
Durable goods
Iron and steel.
Nonferrous metals
_
Electrical machinery
Machinery, except electrical- _
Stone, clay and glass
Nondurable goods
.
13
8
17
10
14
20
20
8
13
21
13
11
10
10
6
Food and beverage
Textile mill products
Paper and allied products
4
18
11
3
9
Chemicals and allied products^
Petroleum products
11
12
8
4
Trade
9
5
8
11
f)
4
Public utilities
i 9
9
Electric
Gas
19
i 11
7
12
Retail
Wholesale
5 -
Anticipated
1959-00
1
1957
1958 1959
1960
Data: SEC 8 QBE
U. S. Department of Commerce, Office of Business Economics
Digitized for541608°—60
FRASER
60-3-9
Since 1957, an upward adjustment has been made in the
annual manufacturing programs to allow for this tendency.
The reporting samples in the commercial and nonrail transportation industries have been greatly enlarged in recent
years. Experience with the new samples has indicated that
small firms in these areas also tend to understate full year
programs. For this reason, an upward adjustment was introduced in the 1960 programs.
-
- -
1. Preliminary.
Source: U.S. Department of Commerce, Office of Business
Economics, and Securities and Exchange Commission.
SUEVEY OF CURRENT BUSINESS
18
March 1960
Table 2.—U.S. Balance of Payments by Areas—
[Millions of dollars]
Western Europe
All areas
Line
Eastern Europe
Type of transactions
1958
1 Exports of goods and services, total- ..
2
Military transfers under grants,
net, total.
3
Other goods and services, total
Year
Year
III
IV
25,721
6,120
6,673
na
5,866
2,522
549
531
na
485
I
1959
1958
1959
III' IV P
II
Year
III
IV
Year
1958
IV » Year
III'-
6,398 6,256
na
8,299 1,901 2,150
na 1,984
na
380
na
1,514
na
na
600
332
283
230
1959
III
IV
144
52
Year
27
IV *
Illr
117
54
26
23, 199
5,571
6,142 23,337
5,381
5,798 5,876 6,282
6,785 1,569 1,867
6,971 1,754 2,043
144
52
27
117
54
26
4
Merchandise, adjusted, excluding military.
16, 227
3,806
4,176 16,211
3,798
4,061 4,032 4,320
4, 664 1,078 1,237
4,702 1,190 1,382
122
47
24
99
42
23
5
6
Transportation
Travel
Miscellaneous services:
Private..
Government, excluding
military.
Military transactions _
Income on investments:
Direct investments
Other private.
- __
Government
1,650
825
421
269
437
182
1,717
870
386
170
434
224
454
286
443
190
691
88
179
27
183
21
768
96
204
31
194
22
2
(*)
4
1
1,137
142
296
36
305
36
1,146
143
282
36
286
36
291
35
287
3P
505
45
127
11
144
11
517
46
127
12
127
11
00
7
8
9
10
11
12
296
40
93
302
74
88
57
83
170
22
55
193
36
62
2,198
417
307
545
102
56
656
119
138
2, 138
467
343
46S
108
59
488
121
60
536
113
72
646
125
152
325
94
203
71
21
33
82
25
109
334
100
215
98
23
33
100
25
120
2
6
(•)
00
00
(*)
00
2
Imports of goods and services, total
20, 951
5,372
5,425 23, 474
5,422
5,992 6,166 5, 894
7,269 1,868 1,878
8,622 2,298 2,158
71
25
16
14
Merchandise, adjusted, excluding
military.
Transportation
Travel
Miscellaneous services:
Private..
Government, excluding military.
Military expenditures
Income on investments:
Private
Government-Balance on goods and services:
Total
Excluding military transfers
Unilateral transfers, net [to foreign
countries (— )]:
12, 946
3,124
3,517 15, 335
3, 604
3, 885 3,852 3,994
3,290
803
975
4,519 1,150 1,222
63
20
15
1 599
1,460
42S
565
388
279
1, 712
1, 575
381
257
470
415
466
601
395
302
766
538
213
223
166
90
867
578
257
237
1S7
99
1
4
549
305
145
105
150
65
572
324
130
69
137
71
155
112
150
330
81
84
23
86
19
344
82
87
20
87
21
2
3,416
841
838
3, 134
801
821
773
739
1, 852
426
428
1,715
414
391
1
537
139
132
32
146
42
543
279
128
52
134
59
133
74
148
94
334
78
78
18
90
24
351
166
88
45
95
56
4,770
2,248
748
199
1, 248
717
na
-137
444
-41
406
90
-194 -290
na
388
17
18
19
20
21
22
23
24
25
26
Total
Excluding military transfers
Private remittances
Government:
Military supplies and services.
Other grants
Pensions and other transfers
27
28
29
-9
-9
-27
-27
-24
—7
-6
-9
-9
-8
—600 -380
na -1,514 -332 -283
-390 -331
-67 -130
-46« -316
-75 -24 -18
-47 -72 -48
na
na -230
-310
-43 -103
-20 -19
-1
-450 -172
-8
99
-605
-258
-147
25
1
-226
-411 -159
-173 -42
05
-121
2
16
— 71 — 17
-62 -77
-98
-57
-6
9
-39
-5
-434
-439
-97
8
-34
128
-332
-166 -1,729
90
533
-1,272
647
-341
-337
111
-106
-436 -2,391
198
997
72 -335
-35 -138
100
46
-24
128
Foreign capital, net [outflow of funds
(— )], total.
Direct and long-term portfolio investments other than U.S. Government
securities.
Transactions in U.S. Government
long-term securities.
Short-term liabilities to foreign
banks and official institutions.
Other short-term liabilities
1,164
424
531
4,559
819
24
-26
52
558
75
46
-752 -405
-450 —229
-115 -175
36
-154
-69
-|
23()
-39
-287 -1,654 -205 -245
263
134
116
484
-65 -105 -165
-240
245
-44
-89 -1.643 -236
-13
-2
2
-2
2
3
4
422
-98
-39
-21
-157
691
-1
27
65
-34
-42
389
-27
4
-75
-4
3
-38
00
2
-3
2
1
-3
1
438
565
617
115
1,840
725
29
190
158
135
-6
-3
12
445
135
115
112
8
17
666
115
55
323
173
-68
-11
-10
365
121
345
3,183
440
1,694
748
301
591
593
143
735
469 -173
282
89
117
152
189
127
48
38
-30
295
Gold sales [purchases (—)] by the
United States.
2,275
483
347
1,076
96
741
2,326
498
379
829
47
Foreign capital and gold, total 3
3,439
907
878
5,635
915
2,669
48
Errors and omissions and transfers
of funds between foreign areas [receipts by foreign areas ( — )], net.
441
218
-87
776
217
4,303
1, 087
1,143
5,886
1,036
2,892 1,348
610
3,434
939
826
5, 043
837
2,609 1,237
360
869
148
317
843
199
111
250
Memorandum items:
Increase in total reported foreign
gold reserves
and liquid dollar
holdings 4.
Through estimated transactions
with the United States 5.
Through other transactions 6
I
II
III
r
167
2,807 1, 403
357
283
62
—25
274
-12
(*)
(0
3
(0
(0
3
-58
-26
-14
-3
-15
-3
-51
-2!!
00
-1
-10
(*)
i
-10
(*)
(*)
-12
(*)
2
-3
2
-1
-10
22
12
64
15
38
2
-3
2
-1
-10
796
2,276
695
1,600
631
230
1,769
607 -179
2,104
536
566
507
88
-26
—6
(2)
46
3,704 1,167
999
-64
228
494
-252
-257
1
00
-292
2,891 1,115
-455
1 (*)
-14
-1
(0
199
140 -1,297 -487
510
-16
-41
2
2,066 1,236
-171
_9
-1
-96
353
45
~\
374
31
44
(*)
(*)
-71 -48
-30 -132
-18 -30
1
80
32
32
-56
-67
827
43
(*)
(X)
(*)
-5
-5
-5
-366
42
(0
1
1
-25
-25
-22
-383
— 267
-163
22
-147
172
41
1
(*)
na
na -361
-662 -131 -195
-277
-68 — 73
-472 -2S 395 -641
Long-term capital, outflow 3
Repayments
Short-term, net
2
1 00
4
na -2, 174 -489 -506
-672
-660 -157 -223
-155
-269 -66 -75
-726 -2, 145
-372 -1,204
—600
-168
95
35
-340
-242
21
-96
38
39
40
18
7
7
-892 -3,874
-966
21
(*)
28
28
-451
-156
-99
10
-91
-115
Government, net. total
19
28
28
-783
37
80
(*) ^
1
26
11
11
-485
-433
-46
U.S. capital, net [outflow of funds (— )], -3,810
total.
Private, net, total
-2,814
Direct investments, net
-1,094
New issues
-955
Redemptions
85
Other lon^-term net
574
Short-term, net
-306
1 (*)
3 (")
89
27
27
272
na -314
-11 -1,651 -544
-531
na
-430 -1,623
—44 -213
31
32
33
34
35
36
1
(0
73
73
1, 030
33
-484 -299
-549
-368
-50
30
1
na
-115
na -1,104 -1,175 -914
-4,840 -1,090 -1,147
575 -534
-616 -2, 400 -619
-2.318 -541
-142
-140
-564
-138 -131
' 525 -123
-2, 522
-1,611
-182
(X)
(X)
(0
9
12
13
15
16
4
1
1
4
3
1
1 (*)
217
14
(*)
48
19
14
63
5
14
-46
-22
-12
-64
-15
-14
Revised.
p Preliminary, na Not available. x Less than $500,000.
nss Not shown sepai ate ly.
1. Beginning with the first quarter of 1959 transactions with shipping companies operating under the flags of Liberia, Panama, Honduras, and Bahamas are shown in the column "International institutions and unallocated."
2. Iraq is not included in the Sterling area beginning with the third quarter of 1959.
3. Includes in the second quarter of 1959 $1,375 million for increase in U.S. subscription to the International Monetary Fund, of which $344 million was paid in gold (line 46) and $1.031
million in non-interest-bearing short-term Government securities (line 44).
SURVEY OF CURRENT BUSINESS
March 1960
19
Annual, Third and Fourth Quarters 1958 and 1959
[Millions of dollars]
Canada
Latin America
1959
1958
Year
III
71
Year III" IV P
IV
12
7
Year
na 1,297
na
na
na
6
Year
IV
205
III' IV P Year
na 1,546
6,531 1,481 1,740
937
1958
241
na
144
na
5,594 1,276 1,499
5,700 1,402 1,553
91
895
893
3,776
834
964
3,976
19
293
273
82
85
74
66
464
54
115
18
124
14
408
58
104
19
111
15
225
27
60
6
57
7
219
69
59
18
57
19
226
68
58
16
57
17
993 1,040 3,553
944
34
85
122
442
33
150
34
87
369
258
92
79
94
62
130
37
1 (*)
36
00
131
2
34
1
34
1
236
27
61
7
57
6
7
6
31
4
7
19
2
2
11
3
3
72
8
30
67
14
11
368 101 128
53
46
185
(*)
(*)
(*)
377
209
(*)
100
52
(*)
136
57
(•)
653
67
47
171
16
10
182
19
15
593
70
71
125
17
18
162
18
20
852
43
45
202
11
11
264
13
14
799
50
48
203
13
14
238
13
11
848
120
425
33
145
34
3,770 1,099
967 4,125 1,146 1,102 4,837 1,150 1,254
2,705
703
723 3,053
773
112
323
29
180
29
45
121
341
32
191
7
28
3 (*)
8
1
28
3
448
142
117
428
108
132
19
34
4
38
6
119
32
26
8
1, 009
1,009
118
118
286 1,005
286 1,005
-14
-14
-2
-5 -3
-5 —3
-1 (,)
-----12 ~ ~ - 4
863 3,749
4,638 1,147 1,112
961 1,080
4,926 1,185 1,301
5,493 1,400 1,382
3,925 1,003
861
972 3,724
897
877
3,139
737
832
26
19
III' IV P Year
303
26
19
303
6 (.)
43
11
10
(*)
(«)
(*)
1
1 (*)
8
9
78
45
9
335
59
87
19
81
14
5
6
43
11
11
348
32
89
6
99
11
368
29
92
7
92
8
7
8
(«)
149
507
18
99
4
26
6
26
17
102
4
26
4
26
109
49
13
10
36
10
8
1,066
260
282
955
241
231
34
10
29
8
6
2
7
2
27
10
6
3
8
3
38
11
13
2
10
3
43
26
12
6
10
10
172
172
198 1,040
969
196
293
281
230
223
na
478
150
144
na
188
1,605
668
296
91
439
198
na
207
146
2
na
171
-22
-22
-3
-5
-1
-8 -243 -50 -46
na -43 na -2, 324 -529 -564
na -485 na
-8 -172 -38 -39 -160 -37 -36 -1,387 -324 -323 -1,443 -341 -399
-1 -43 -10 -11 -44 -10 -11 -190 -41 -49 -215 -46 -61
""-19
—4
—7
na -937 -205 -241
na -144 na
-22 -1,116 -264 -254 -1, 121 -249 -319
-81 -19 -20 -107 -46 -19
579
128
120
501
121
123
19
4
23
1
6
1
7
3
45
1
12
1
15
170
20
42
4
45
4
190
29
47
8
47
8
20
21
13 -19
13 -19
10
10
-204 -92 -59
-204 -92 -59
nss
237
nss
I
nss nss nss
260 -256 -85
nss
94
22
23
-60 -12 -19
-60 -12 -19
(•)
-86 -13 -25 nss nss nss nss nss nss
-86 -13 -25 -379 -96 -97 -387 -88 -106
27 -34
-1 -109 -25 -30 -120
-1
24
25
26
-60 -12 -19
nss nss nss nss nss nss
-85 -13 -24 -256 -69 -63 -251 —57 -68
-14 -2 -4 -16 —4 -4
27
28
29
(«)
12
1
16
3
30
34 -16
296
30
201 -76
-230
38
315
250 -64 -189 -211
165 -140 -446 -122
188 -45
15
190
118 -115 -138
193 -163
130
328
88
351
195
135
710
183
227
310
12
44
10
19
57
13
12
11
1
2
24
11
24
131
622
155
1
215
130 -180 -31 -127
-56
-20
23 -65
86 -127 -213 -50
5
453
199
106
37
243
1,342
21f
-17
2
26
42
161
305
263
46
-170 -38 -11 -28 -92
249
37
-67 -10 -24 -192 -46 -59
11 318
9
104
71 346
-207 -37 -58 -182 -57 -10
38
39
40
(•)
97
1,802
324
4
22
6
32
165
82
61
1,615
236
(')
361
-28
-7 -10
75
55
-9
-4 -26
126
63
59
43
167 -424 -12 -176
208
46 -37
44
45
100
357
150
7
46
55 -133
718
267 -29
47
190
68 -181
48
73 -108 -44
197 -415
I
833
308 -213
II
244 -147 -60 -877 -111 -202
III
62
23
-19
-6
899
245
250
291
40
97
1,880
254
278
229
18
25
451
109
118
2,855
577
864
118
1,652
91
68
620
1,203
369
509
69
191
798
228
227
127
87
44
1,541
337
405
2,174
486
516
528
62
88 -167 -446 -200 -66 -531 -223 -146 -1,300 -268 -214 -1,376 -258 -289
-77
47
78 -192 -85
900
146
441
-172 -27 -54
151
132
460
42
27
28 -21 -48 -19 -61
2
(X)
117 -36
41
5 -233
9
231 -459
189
1,332
31
32
33
34
35
36
-1,375
16
(*)
30
-1,375
28
241
299 -17
-8 -280 -78 -94
^o
5 -173 -14 -93
-48 "-15
-5 -40
-15
-18
3
17
4 "(*)"
3
3
15 -11 -38 -22 — 7
(as)
21
-33 -42
26
21 -232 -240 -102
163 -10
(*)
222
-237 -70 -27
-277
-81
-21 -11
3
1 "(*)"
96
49
8
e
-38 -71
-8 -450 -116 -105 -265 -162
273
215 -130 -283 -210
37
(«)
2
40
129
2
(*)
206
1
-69 -11 -58
4
15
45 -209
14
5
—439 — 105 — 104
34
30
118
-244
-24
-58
690
44
-565 -146 -98
2
683
58
—410 —59 — 100
245
48
35
00
-199 -37
108
581 2,684
15 2,120
1
-364 -61 -84
107 -37 -357 -224
13
487
c
38
-595 —239 — 184 -406 -70 -96
29
151
181
65
25
50
-27 -8 -17 -36 -24 -39
111
925 4,300 1,113 1,064
51
-471 -222 -151 -261 -65 -70
167
881
121 3,671
17
18
52
20
2
9
10
11
12
69
12
57
20
351 -65
4
149
13
100
69
11
183
77
(«)
-119
6
143
11
273
45
50
18
27
30
515
51
129
68
11
50
17
4
21
193
16
102
66
12
173
69
—6
2
144
11
4
260
43
7
1 (*)'
-1
29
625
52
131
15
16
55
47
1 -13
10
12
67
48
56
52
7
10
8
93
81
214
211
1
(*)
(*)
35
38
321
257
101
41
-24 -29
4
54
42
97
46
144 -107 -236
697
646 2, 528
70
72
376
179
250 -64 -120 -200
3
658
526
262
36
108
315
880 1,185 4, 044 1,028 1,158
2,321
85
37
117
3
62 3,908
84
143
438
201 -76
1
2
367
92
103
(')
(")
-3
nss
nss
84
13
-430 -14 -202 . -477 -29 -113
11 -64
—97
-93 -19 -19 "-366 -12 — 75
1
1
1
16
1 97 -18 -41
-100 -29 -38
145
82
22
(*)
1 (*)
nss
nss
81
17
-995 -160 -300 -473 —27 -113 -1,418
(*)
nss
nss
315
55
-502 -53 -215
-198 -39 -125
-87 -6 -38
4 (•)
-169
-52
22
(•)
nss
nss
8
88
113
-3
nss
nss
29
(,)
28
nss
nss
28
-866 -114 -299
1 (*)
57
IV Year III' IV P
III
122
5 -124 -383 -28 -138
-203 -181 -849 -292 -212 -488
7c
-111 -133 -427 -117 -140 -325
36 -57 -193 -78
-395 -136 -93 -14
-56
-14
6
55
17
16
5
10
"16
8
7 -47 -23 -22 -160 -66 -37
-20 -65 -45
35 -37 -53 -2 -112 -20 -34 -40 114 -177
-21
2
62
65
-966 -202 -181 -852 -295 -212 -959 -227 -275 -644 -93 -208
-968
-398
-367
39
-160
-82
57
1959
34
344
416
-6
Year
IV
Line
1958
999
32
47
-71 -12 — 7
na
-118 -25 -26 -105
3
2 -11
-11
1959
III
91
Total
na
911 3,816
3,516
942 4,130
III
Sterling area 2
International institutions and
unallocated 1
1959
1958
5,806 1,431 1,477 5,116 1,291 1,300
5,130 1,318 1,298
4,779 1,217 1,253
III
5,877 1,443 1,484
5,130 1,318 1,298
4,779 1,217 1,253
1959
1958
Year III' IV v Year
IV
All other countries
50
158
75
220 -48
4. Reported gold reserves of foreign central banks and governments, excluding U.S.S.R. and other Eastern European countries, plus foreign liquid dollar holdings (lines 43, 44, and 45).
5. For "All areas" equals balance (with reverse sign) of line 23 (less net sales of gold (+) from domestic sources to the monetary gold stock of the United States, for periods shown in millions
of dollars 19, 6, 6, —34, —3, —8, —8, —15), plus lines 25, 30, 42, and 48. For individual areas line 48 is not included.
6. Line I minus line II. Amounts for "All areas" represent gold obtained by foreign countries outside the United States.
Source: U.S. Department of Commerce, Office of Business Economics.
20
SURVEY OF CURRENT BUSINESS
and equipment, as would be expected
from the advance in plant and equipment investment reviewed in a major
(Continued from page 11)
article in this issue, is one-sixth higher
than
a year earlier. A particularly
of the steel strike, will improve our
striking
advance from a year ago was
balance of payments mostly with the
recorded
by firms making industrial
more advanced countries.
machinery.
The cyclical rise in business activity
January new business as compared
in these countries may also help to
with
that for December was maintained
improve our balance with them but so
in
the
electrical machinery grouping as
far this has not affected significantly our
radio-communications-electronic
combalance with the less developed counpanies
reported
an
appreciable
rise
in
tries. That had not been the case in
new
business.
the previous business cycle either,
In noting such seasonally corrected
except for 1957, and there may be some
figures,
consideration should be given
question whether the current upswing
to
the
calendar
position and to the
will go to the same extent as it did in
complication
of
weather.
that year.
For the nonautomotive transportaA basic improvement in our overall
tion
equipment group, new orders have
foreign balance does not depend upon
been
in a general downward trend since
the extent of change with any particular
mid-1959.
Railroad equipment orderarea. It will depend mainly upon a
ing
has
recently
improved but it has not
strengthening in our position in all
recovered
real
vigor because of the
markets where we meet the competition
decline
in
profits.
The aircraft indusof other industrial nations, and to some
try's
order
business
has been off, but
extent upon changes in other transactions, which are contributing to our this group works on large backlogs of
adverse balance. Ways and means to defense and commercial jet contracts.
The slide-off in new orders placed
achieve this improvement are currently
with durable goods producers outside
being sought.
the transportation equipment field was
marked in January—$ percent-—and
was concentrated in fabricated metal
Rise in Industrial Output
products. Its significance cannot be
assessed for so short a period, especially
(Continued from page 6)
against the background of recent disrupmaterials, with little change in "goods- tions of schedules. There was a modin-process."
erate rise in incoming business, on a
Chemical firms have added to inven- seasonally adjusted basis, of nonferrous
tories since the beginning of 1959, with metal companies.
the rise relatively less than the expanBacklogs substantial
sion in sales. The current stocks-sales
Backlogs of unfilled orders held by
ratio is thus below a year ago. Invendurable
goods producers at the end of
tory building was widespread among the
January
w^ere $3 billion above a year
major chemical subgroups over the past
ago.
Much
of the increase had occurred
year, but there was no further rise in
during
the
earlier
part of 1959, and substocks during the opening month of
sequently
there
has
been relatively little
1960.
change in the volume of outstanding
New business above last year
orders.
Backlogs contracted in January as
New orders placed with manufacturers in January were down somewhat shipments topped new orders. The
from those in December, and were up reduction centered in primary metals
from last year in both durable and non- and transportation equipment as these
durable goods. Ordering of machinery suppliers made deliveries in large quanThe Balance of International
Payments
March 1960
tities. For the latter group, the January decrease represents the continuation
of a downtrend which has reduced backlogs nearly $1 billion, or 6 percent over
the year. Among other durable goods,
backlogs remained close to record totals.
Business Expanding Investment in 1960
(Continued from page 17)
further change is implied after January
but both machinery groups—especially
nonelectrical—indicate further advances; the latter is generally consistent
with the anticipated rise in equipment
outlays through 1960. Electrical machinery sales are more heavily weighted
by consumer and defense goods.
In nondurable manufacturing, the
interesting aspect of the sales anticipations is that they imply as sharp a rise
after January as do those of hard goods
producers. This is because in a number
of important lines—textiles, paper, petroleum and rubber—the January sales
were either lower or no higher than the
1959 monthly average.
The sales forecasts—though not so
firmly based as the investment programs—are important, of course, in the
determination of the latter. The outcome of the sales projections is generally beyond the control of the individual firm and surprises or disappointments with respect to sales expectations
with resultant profit effects have often
led to adjustments from planned investment in the same direction.
Realization of 1959 sales expectations
Last year's sales anticipations proved
to be conservative, as has been the case
during recovery periods in the past.
Manufacturers' sales rose 13 percent as
against the anticipated 9 percent. Most
individual manufacturing industries
enjoyed higher sales than predicted with
steel, of course, being an important exception. The same pattern of understatement in the projections was evident in trade and public utilities. This
is so after taking into account the price
changes that occurred.
BUSINESS STATISTICS
i HE STATISTICS here are a continuation of the data published in the 1959 edition of BUSINESS STATISTICS, biennial Statistical Supplement
to the SURVEY OF CURRENT BUSINESS. That volume (price $2,25) contains monthly (or quarterly) data for the years 1955 through 1958 and
monthly averages for all years back to 1929 insofar as available; it also provides a description of each series and references to sources of monthly
figures prior to 1955. Series added or significantly revised since publication of the 1959 BUSINESS STATISTICS are indicated by an asterisk (*) and a
dagger ( f ) , respectively; certain revisions for 1958 issued too late for inclusion in the aforementioned volume appear in the monthly SURVEY
Beginning with the July 1959 issue. Except as otherwise stated, the terms "unadjusted" and "adjusted" refer to adjustment for seasonal
variation.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided
through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1959
January
February
March
April
May
June
I960
July
Novem- DecemAugust SeptemOctober
ber
ber
ber
January
GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual rates:
National income, total
_
bil. of dol
389 4
403 9
398 2
209
250
206
9
34
19
9
9
2
8
8
0
278 9
259 4
214 0
9 8
35.6
19 6
279
259
213
9
36
19
Proprietors' income, total cf
- - - --.do Business and professional cf
_ -.
do
Farm _
_
_
_-_doRental income of persons
___
do
Corporate profits and inventory valuation adjustment total
bil of dol
Corporate profits before tax, total
do
Corporate n^ofits tax liability
_ -do _ _
Corporate profits after tax
do
Inventory valuation adjustment do
46.9
33.7
13.2
12.0
45 5
46. 5
22.6
23 8
Net interest
do
15 1
15 4
15 8
16 1
do
470 4
484 8
478 6
483 5
do
do
do
do
303.9
41.3
145.3
117 4
311. 2
44.1
147.7
119 4
313 3
43 6
148 0
121 6
317.0
42.8
150. 1
124 1
Gross private domestic investment, total - do
New construction
_
do
Producers' durable equipment
do _
Change in business inventories. - _
-do
70.0
39.7
23.9
77.7
41.0
26.0
10.7
67.0
41 0
27 0
— 1.0
69.7
39.2
27.5
Net exports of goods and services
_ _ _ do
Exports
_ _ _ _ _ __
do
Imports
_
do
Government purchases of goods and services, total
bil. of dol. .
Federal (less Government sales)
do
National defense 9
_ ..
do_ _
State and local
_ - _ do
-.9
21.5
22.4
-1.8
22 1
23.9
.0
-.6
97.4
53. 8
45. 8
43.6
Compensation of employees, total
. _ __
Wages and salaries, total
Private
-_ _ . _ _
Military
Government civilian .
_
- Supplements to wages and salaries
Gross national product, total
Personal consumption expenditures, total
Durable goods
_ _ _
Nondurable goods
_ __
Services
Personal income, total
Less' Personal tax and nontax payments
Equals' Disposable personal income _
_
Personal saving §
do
do
do_
do
_do
do
do
do
do
do - .
-.9
6.3
3
5
5
8
3
8
281 6
261 5
214 8
9 8
36. 9
20 0
46.6
34.5
12.1
12.0
45. 1
34 8
10.3
12 0
46. 7
35. 1
11.6
12-0
51 0
52. 6
25.6
27.0
-1.6
46 0
46 4
22.6
23 8
— 3
3.0
24. 1
24 1
23.4
24. 1
97.7
53 9
46.2
43.8
98
53
45
44
4
6
9
8
97.4
52 7
45.3
44.7
371.8
44 4
327.4
381. 1
45 8
335.3
381 0
45 9
335 i
386 8
46 1
340.8
23.5
24 1
21 9
23 7
420.7
432.1
424. 3
c
282.3
38.8
137 3
106.2
288.3
41 2
139 7
107.4
288.
40
139
108
c
GNP in constant (1954) dollars
Gross national product, total
bil. of doL
Personal consumption, expenditures, total. _ _ do
Durable goods
do
Nondurable goods
do
Services
_ _ _ _ _ _ _ do
8
6
4
8
426. 8
291. 1
c 40 2
c 140 7
110 2
Gross private domestic investment, total
New construction
Producers' durable equipment
Change in business inventories
do
do
do
do
59.8
34.3
19.8
5 7
66.0
35 1
21 3
9 5
56 4
34 9
22 1
Net exports of goods and services
do
-2 7
—3 5
19
2 2
81.3
44.9
36.4
81.4
45.0
36.4
81.0
44 1
36. 9
79.1
42 7
36.3
Government purchases of goods and services, total
bil. of doL _
Federal
__
-do ...
State and local
do
6
58
33
22
2
8
3
7
8
r
c
Revised.
Corrected.
cf Includes inventory valuation adjustment.
9 Government sales are not deducted.
§Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.
S-l
February
SURVEY OF CURRENT BUSINESS
S-2
March 1960
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
January
February
March
April
May
June
1960
July
Novem- DecemAugust SeptemOctober
ber
ber
ber
January
February
GENERAL BUSINESS INDICATORS—Continued
PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates:
Total personal income
_
bil. of dol
369.0
371.0
375.4
379.0
381.3
383.8
383.4
380.0
380.9
382.6
387 0
392 1
f
392. 8
393.0
248.7
102.8
80.9
65.6
35.6
44 6
250.1
103.5
81.7
66.0
36.0
44 7
254.0
106.3
83.8
66.6
36.4
44 8
257.3
108.6
85.4
66.9
36.8
45 0
9.8
9.9
261.7
110.9
87.7
68.0
37.2
45 6
10.0
261.5
109.9
86.9
68.4
37.3
45.9
10.1
258.8
106.8
84.0
68.3
37.6
46 0
10.1
259.2
106.8
84.4
68.3
37.8
46 2
10.2
259.2
106.4
83.6
68.5
38.0
46 4
10.2
261 1
107.5
84 2
68.6
38 3
46 7
10 3
265 4
111. 1
87 6
68.8
38.6
46 9
10 3
' 268. 1
9.7
259 8
109.8
86.7
67.5
37.1
45 4
9 9
113.0
'89.3
r
69. 5
38.7
r
46 9
10.4
268.8
112.7
89.0
70.1
39.1
47 0
10.4
do
do
33.5
13 5
33.7
13 2
34.0
12 9
34.3
12 2
34.5
12 0
34.7
12 1
34.9
11.4
34.9
10.0
34.8
9 6
35.0
10 5
35 1
11 6
35.2
12 6
'35.4
r
11 6
35.3
11 0
Rental income of persons
do
Dividends
do
Personal interest income
do
Transfer payments
do
Less personal contributions for social insur--_do
12.0
12 7
21.1
26 1
8.1
12.0
12 8
21.3
26 4
8.1
12.0
12 8
21.6
26 6
8.2
12.0
12 9
21.8
26 9
8.3
12 0
13 0
22.0
26 4
8.3
12 0
13 1
22 2
26 4
8.4
12.0
13 2
22.4
26 3
8.4
12.0
13 4
22.7
26 5
8.4
12.0
13 5
23.0
27 0
8.4
12 0
13 6
23.3
27 2
8.4
12 0
13 7
23 5
28 0
8.4
12 0
13 5
23 8
27 7
8.5
12 1
13 6
24 1
>-9. 7
12 9
13 6
24 3
27 1
9.7
351.6
353.8
358.5
362.7
365.3
367.8
368.2
366.3
367.5
368.1
371 5
375.4
'377 1
377.9
Wage and salary disbursements, total
Commodity-producing industries, totaL.
Manufacturing only
Distributive industries
Service industries
_
Government
Other labor income
Proprietors' income:
Business and professional
Farm
Total nonagricultural income
do
do_-.
do
do. _
do
do
do
do
9.6
r
r 27 9
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals:
All industries
mil of dol
6 905
8,323
8 321
' 8, 994
Manufacturing
Durable goods industries
Nondurable goods industries
do
do
do _
2, 456
1,144
1,312
3,021
1,450
1,571
3 019
1,437
1,582
' 3, 571
' 1,742
' 1, 829
Mining
Railroads
Transportation other than rail
Public utilities
Commercial and other
do
do
do
do
do
213
159
408
243
262
527
256
282
540
Seasonally adjusted quarterly totals at annual rates:
All industries
bil of dol
1 r
260
300
618
1,525
3,034
r
r
1,474
2,796
1,480
2 744
30 62
32.51
33 35
'33 58
11.80
5.74
6.06
12 25
5 83
6.42
' 12. 87 ' 13. 89
'6.88
'6. 16
.94
1 01
1 28
2 17
5 58
11 06
Manufacturing
Durable goods industries
Nondurable goods industries
do
do
. do
11 20
5.26
5.94
Mining
Railroads
Transportation other than rail
Public utilities
Commercial and other
do
do
do
do
do
1.71
5 80
10.33
.95
63
1.00
2.08
5.82
10.87
9 464
214
'245
' 546
1,191
2, 705
1,199
2 470
' 2, 867
2
3, 727
1,836
1,891
' 275
'220
' 547
' 1, 514
7, 947
' 3, 046
'r 1, 494
1, 552
i ' 35. 32
2
36 91
' 7.01
14. 57
7.23
7.34
'2. 15
T
5 48
r
11. 19
'.96
'.99
'2.26
' 5.80
' 11.42
1.01
1.13
2.43
6.02
11. 75
'6.71
' 1.04
' 85
FARM INCOME AND MARKETINGS
Cash receipts from farming, including Government
payments, total . _ _ _ _ _ _ _ _ mil. o f d o l
Farm marketings and CCC loans total
do
Crops
do
Livestock and products, total 9
do
Dairy products
do
Meat animals
do _
Poultry and eggs
do
Indexes of cash receipts from marketings and CCC
loans, unadjusted:
All commodities
1947-49 = 100-Crops
do
Livestock and products
do
Indexes of volume of farm marketings, unadjusted:
All commodities
1947-49 = 100
Crops
_ _ _ _ _ _ _ _ -. d o _
Livestock and products
do _ _
2 959
2,255
2,133
2,200
2,205
2,336
2,676
2,605
3,270
3,748
3,795
3,277
2.768
2 912
1,397
1,515
2 221
2 107
2 179
2 180
2,308
1, 374
1,511
1, 563
1,543
1,489
2,582
1,116
1,466
2,573
1,132
1,441
3 240
1,571
1,669
3 598
1,865
1,733
3 654
2,118
1, 536
1,035
1,066
269
362
894
264
3 224
1,728
1,496
410
811
253
2,717
1,310
1,407
381
791
208
366
885
238
847
348
778
222
596
388
855
248
616
390
921
221
637
819
427
859
220
398
853
207
385
829
230
376
817
229
369
248
379
120
130
111
91
79
101
87
56
111
89
57
115
90
59
113
95
76
109
106
104
108
106
106
106
133
147
122
148
174
127
150
197
113
132
161
110
112
122
103
130
144
120
103
90
113
96
58
123
96
53
129
99
57
131
108
80
129
121
114
128
120
114
124
147
157
139
171
198
152
175
223
139
'159
131
139
125
100
103
105
107
109
110
102
102
105
105
'104
107
111
P112
100
103
106
108
109
111
102
103
105
106
104
107
' 111
112
111
'96
p 113
v 113
r
190
136
INDUSTRIAL PRODUCTION f
Revised Federal Reserve Index of Physical Volume
Unadjusted, total index (including utilities) f
1957=100-By industry:
Manufacturing, total
_
__ _ _ d o _
Durable manufactures
do
Nondurable manufactures
do
Mining
__
do _
Utilities
.
do
By market grouping:
Final products, total
Consumer goods
Automotive and home goods
Apparel and staples
Equipment, including defense
Materials
Durable goods materials
Nondurable materials
_
do
do___
do___
do
do__.
do
do _
_do
106
110
97
109
110
100
111
111
100
104
108
114
106
97
106
109
113
108
99
107
109
113
108
101
108
111
115
110
103
106
106
106
109
109
109
110
112
108
111
114
108
100
107
96
104
108
95
101
105
106
105
94
104
108
111
107
95
99
96
103
103
101
105
97
104
96
99
106
90
93
115
92
97
116
91
105
107
107
107
101
109
113
99
117
100
110
114
107
117
102
112
117
121
115
101
99
97
101
97
88
107
99
91
109
99
90
109
98
117
92
97
113
96
106
109
101
112
100
r
!02
94
109
107
107
'98
2
f 106
'208
r
111
107
103
r JOS
r
107
108
v 11;
p 9<
111
115
124
111
104
P
p
p
v
p
110
110
110
P 112
P 112
112
117
127
113
104
P 112
' Revised.
» Preliminary.
1 Estimates for January-March 1960 based on anticipated capital expenditures of business.
2 Estimates for April-June 1960 based on anticipated capital
expenditures of business. Anticipated expenditures for the year 1960, and comparative data for 1957-59, appear on p. 16 of this issue of the SURVEY. 9 Includes data riot shown separately.
fReviscd series. In addition to new market groupings and expanded coverage to include utilities and a number of new items, the revised index incorporates major statistical revisions
such as (1) adjustments to recent benchmark data, (2) refinements of estimating procedures, (3) development of new seasonal factors, (4) adoption of the latest (1957) standard industry
classification, and (5) publication of data on a more recent comparison base period, 1957=100. For figures back to January 1955 for total and summary groups (seasonally adjusted), see
p. 6 of the January 1960 SURVEY; for other information and earlier figures, see the December 1959 Federal Reserve Bulletin and the forthcoming separate Federal Reserve publication "Industrial Production: 1959 Revision."
SUKVEY OF CURBENT BUSINESS
March 1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-3
1960
1959
January
February
March | April
I
May
June
July
DecemAugust SeptemOctober November
ber
ber
January
February
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION— Continued
Revised Fed. Reserve Index of Physical Volume— Con.
Seasonally adjusted, total index (including utilities) t
1957=100..
By industry:
Manufacturing, total
do
100
102
104
107
109
110
108
103
103
102
100
102
104
107
110
110
108
104
104
102
96
92
92
99
97
98
102
103
99
98
101
109
112
101
99
105
113
117
104
103
109
122
124
109
106
110
118
119
112
109
105
81
71
111
108
98
46
29
106
100
97
45
30
106
99
95
43
30
99
92
do
do
do
92
87
99
94
90
100
96
93
100
100
97
103
104
101
107
107
104
110
108
105
113
107
103
113
108
104
113
do__
do
do
96
97
94
96
97
94
99
103
94
102
108
95
104
111
97
105
113
96
106
114
96
109
106
96
do
do
__do
do
do
103
99
111
109
102
103
101
109
109
102
105
106
112
110
104
106
111
115
112
107
112
118
116
109
no
114
116
112
117
110
115
118
117
120
113
__do _
do
__do
do
__do _
105
108
112
104
105
107
108
112
103
109
107
111
114
101
107
110
114
120
107
112
111
115
122
113
112
111
119
122
107
110
do
do
do_ _
___do
do
101
99
106
107
103
102
100
108
109
102
102
100
110
112
108
104
104
113
115
104
104
103
115
117
105
__do
_ do
do
do
do
108
103
103
104
108
113
105
105
104
112
112
104
105
102
107
104
107
107
110
119
do
_- do __
do
do
do
do
97
89
98
98
102
101
96
87
96
97
101
101
95
82
97
97
101
103
111
111
113
111
110
114
102
106
106
Automotive products
.
_ do
Autos
do
Auto parts and allied products. ._ .do
Homegoods9
Appliances TV and radios
Furniture and rugs
_
Durable manufactures 9
Primary metals . .
Iron and steel
Fabricated metal products..Structural metal parts
do_
_ _ . _do __
-do
do
do
Machinery
_ _^ _
Nonelectrical machinery _ _
Electrical machinery
_
Transportation equipment 9
Motor vehicles and parts
Aircraft and other equipment
-
Instruments and related products..
Clay glass, and stone products
Lumber and products
Furniture and fixtures
Miscellaneous manufactures
Nondurable manufactures
Textile mill products
Apparel products
Leather and products
Paper and products
Printing and publishing
Newspapers
Chemicals and products
Industrial chemicals .
Petroleum products
_
-
Rubber and plastics products
Foods and beverages
Food manufactures
Beverages
Tobacco products
.
Mining
Coal
Crude oil and natural gas
Crude oil
Metal mining
Stone and earth minerals
Utilities
Electric
Gas
By market grouping:
Final products, total
Consumer goods
. __
Automotive and home goods
Apparel and staples
Apparel, incl. knit goods and shoes
Consumer staples 9
Processed foods
Materials
Durable goods materials 9
Consumer durable
Equipment
Construction
Nondurable materials 9
__
Business supplies
Containers
General business supplies.- _ ..
Business fuel and power 9
Mineral fuels
Nonresidential utilities. _
'Revised.
p Preliminary.
109
'111
pllO
102
109
112
p 111
111
p 110
P 115
P 191
p 109
p 104
r
T
T
r 76
95
91
105
100
107
103
112
104
102
108
r
108
r 103
r HO
115
r H7
p 110
p 106
P 115
98
103
93
98
104
91
79
63
91
r 90
107
127
T 88
p 106
P 125
p87
116
115
113
116
111
117
112
112
115
111
118
111
111
116
111
119
110
112
r
117
111
120
111
115
120
111
M18
110
116
T 122
P118
P 110
r HI
P 109
113
121
122
110
114
113
117
121
107
113
113
114
121
104
114
111
111
122
104
114
111
111
125
104
109
r H2
113
112
124
P 112
104
101
116
122
108
106
106
117
123
108
107
107
117
123
107
108
106
119
125
106
107
105
1179
12
106
108
104
117
123
105
109
107
118
r
124
r 102
T 109
106
119
P 109
r 1Q9
P 100
105
108
108
109
110
117
106
106
102
102
128
105
105
103
117
120
108
107
114
114
19Q
113
107
107
105
111
116
108
107
113
111
115
106
105
108
114
117
108
108
98
84
99
100
99
109
99
89
100
101
102
109
98
83
100
101
94
109
94
71
99
98
73
111
91
72
98
97
48
111
90
74
98
97
39
109
91
76
98
98
42
108
96
87
100
99
68
110
r 99
r 94
r 100
r gg
112
111
114
112
112
114
114
114
115
116
117
115
116
118
113
115
117
110
117
119
110
117
119
110
116
117
113
T ii§
102
107
105
103
107
107
106
111
110
108
111
113
108
111
115
109
112
118
109
112
113
109
112
111
109
112
114
106
109
100
109
T 112
114
104
99
112
101
93
112
106
109
112
108
108
108
110
110
109
113
11°
115
116
113
119
105
97
118
98
89
114
105
98
117
72
48
110
99
87
117
r 1 9^
do
do
do
108
104
113
108
106
114
107
103
114
112
110
117
116
115
121
117
115
121
120
119
193
120
121
120
120
124
118
121
124
120
124
133
T 122
1 94
r 126
do
do
do
do
106
109
105
103
107
110
106
105
107
113
106
104
111
118
109
107
111
118
109
108
110
119
108
107
11 1
120
108
106
112
117
110
107
112
117
111
107
111
118
109
104
112
119
1107
10
105
106
103
111
106
108
102
110
104
108
103
111
113
111
104
110
109
110
104
111
102
111
105
112
108
111
106
113
114
112
108
113
H2
115
110
114
110
114
108
114
107
115
109
114
do
do __
do
do
do
do
92
90
88
95
95
94
93
91
88
96
95
108
95
93
90
97
95
112
97
96
92
100
97
119
100
100
97
102
99
128
102
102
100
105
97
132
103
104
101
107
101
132
102
103
102
108
96
109
103
103
101
109
92
129
103
103
101
111
91
112
101
102
102
112
87
106
T 109
do __
do
do
do
do
99
96
93
96
100
101
99
95
98
101
104
104
102
100
106
108
108
107
102
111
110
112
113
106
114
110
112
117
109
113
106
103
111
106
113
98
89
10°
102
107
99
91
104
101
105
97
88
95
103
102
100
r 109
T 107
r
107
105
do .
do
do _
do
103
102
105
101
104
105
109
102
104
104
108
102
108
107
111
106
108
107
110
106
109
107
108
106
109
110
111
109
107
110
111
109
107
110
110
110
106
107
106
107
108
109
107
110
do
do
do
100
97
108
100
95
109
99
95
111
101
97
112
99
94
116
97
93
113
98
93
114
98
95
112
101
97
113
do _
__ -do
do __
Beverages and tobacco.
_ _ __ -do
Drugs, soap, and toiletries
do _
Newspapers, magazines, and books.. do
Consumer fuel and lighting
...do
Equipment, including defense 9
Business equipment
Industrial equipment
Commercial equipment
Freight and passenger equipment
Farm equipment
103
r 107
r 114
r H9
do
do _
do_ _ _
.._
r
fSee corresponding note on p. S-2.
103
103
99
97
114
117
9 Includes data not shown separately.
r
96
79
121
120
r 03
r 7Q
109
101
93
94
r 117
r
r
r
T
112
126
105
113
r 107
108
104
114
105
97
91
no
97
86
108
79
113
r H9
121
108
104
P 19Q
P 96
P 84
P 97
P 98
P 191
r 1 91
p 122
116
n
T
c\
\\f)
p -MI
p 115
p 190
p 120
p 19^1
116
r
r
p -) i q
112
120
1 18
r jnn
107
107
r \\"\
r
109
T
HO
r H4
103
104
113
90
105
pine
114
110
r> 114
P 07
p j jn
P 1 0Q
107
r
1 11
r H2
pill
110
111
r j-rM
r OQ
117
P 1AO
SUKVEY OF CURRENT BUSINESS
S-4
March 1060
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
January
February
March
April
May
June
I960
July
Novem- DecemAugust SeptemOctober
ber
ber
ber
January
February
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES§
Mfp and trade sales (seas, adj.), total
bil. of dol
Manufacturing, total
do _
Durable goods industries
_ _ _ _ __do .__
Nondurable goods industries
do
Wholesale trade, total _
do _
Durable goods establishments
do
Nondurable goods establishments
do
Retail trade, total
.
do
Durable goods stores
do
Nondurable goods stores
do
Manufacturing and trade inventories, book value, end
of month (seas, adj.), total
bil. cf dol
Manufacturing total
Durable goods industries
Nondurable goods industries
do
do
do
Wholesale trade, total
-do
Durable goods establishments
do
Nondurable goods establishments
do
Retail trade total
do
Durable goods stores
do
Nondurable goods stores
do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Sales value (unadjusted) total
rail, of dol
Durable goods industries, total?
Primarv metal
Iron and steel
Fabricated metal
Machinery (including electrical)
Electrical
do
do
do
do
do
do
57.4
58.0
59.2
60.6
61.5
62.0
61.7
59.6
60.1
59.7
59.1
'60.9
61.3
28.1
13.5
14.6
11.8
4.3
7.5
17.5
5.8
11.6
28.5
13.9
14.6
11.9
4.4
7. 5
17.6
5.9
11.7
29.1
14.4
14.7
12.2
4.6
.7.6
17.9
6.0
11.9
30.3
15.2
15.1
12.4
4.7
31.2
30.9
15.4
15.5
12.5
4.8
29.8
14.1
15.7
12.5
4.6
7.9
17.8
5.8
12.0
29.4
14.0
15.3
12.0
4.4
7.5
18.3
6.4
12.0
17! 8
5.7
12.2
30.8
15. 0
15.8
r
12.7
T
4.7
'7.9
17.5
5.3
12.2
30.8
15.4
15.4
12.3
4.7
6.2
12.1
29.3
14.0
15.3
12.2
4.6
7.6
18.1
6.1
12.0
29.0
13.5
15.5
12.3
4.6
18. Q
6.1
11.8
30.7
15.5
15.2
12.5
4.9
7. 7
18.2
6.1
12.1
85.6
86.0
86.6
87.6
88.3
89.3
89.9
89.5
89.2
88.8
88.4
'89.4
90.4
49.5
28.1
21.4
49.9
28.4
21.5
50.5
28.9
21.5
51.1
29.4
21.7
51.6
29.7
21.9
52.1
30.2
21.9
52.2
30.3
21.9
52.1
30.1
22.0
51.9
29.8
22.1
51.5
29.2
22.3
51.6
29.3
22.3
' 52. 4
'30.1
22.3
53 2
30. 6
2? 6
11.9
6.3
5.6
24.2
11.0
13.2
11.9
6.3
5.6
24.1
11.0
13.2
12.0
6.3
5.6
24.2
11.1
13.0
12.1
6.4
5 7
24! 5
11.3
13.2
12.2
6.5
5 7
24.5
11.5
13.1
12.4
6.6
5.8
24.8
11.7
13.1
12.5
6.7
5,9
25.1
11.9
13.2
12.6
6.6
5.9
24.8
11.6
13.2
12.5
6.5
6.0
24.8
11.5
13.3
12.5
6.5
6.1
24.7
11.6
13.1
12.6
6.5
6.1
24.2
11.0
13.2
r
12.6
6.6
6.1
'24.3
11.0
'13.3
12 7
6.6
6 2
24.5
11.3
13.2
27, 329
27, 502
30, 589
30, 885
30, 673
31, 993
29, 246
28, 590
30, 032
30, 849
28, 530
' 30, 629
29, 580
13, 066
2,195
1,434
1,417
3,797
1,580
13, 50]
2, 320
1, 549
1, 390
4, 125
1, 668
15,305
2,792
1, 925
1,622
4, 595
1, 791
15,810
2,947
2, 033
1, 735
4. 610
1, 745
15, 727
3, 01 1
2, 093
1,718
4,515
1, 731
16,653
3, 259
2, 313
1.827
4, 808
1,868
14, 220
1, 785
999
1, 760
4, 350
1,710
13, 049
1, 105
417
1, 810
4, 403
1, 823
13, 687
1,218
436
1,898
4,726
2, 030
14, 528
1,269
467
1,800
4 822
2,079
13, 305
1,907
1,147
1,527
4 521
1,973
r
14. 651
2.618
1. 835
1,547
4 346
1,798
15.8
15.5
12.6
4.9
7.7
18.2
6.2
12.0
is! 3
15, 235
r
2, 699
' 1. 893
'1.616
T
4 848
' 2. 056
' is'. 2
5.9
19 g
3, 637
3, 565
3,491
3, 674
3,478
3, 215
3,275
2,701
2, 648
2,768
' 3. 498 3.727
3, 570
Transportation equipment
do
2,228
2, 367
2,304
2,106
2,019
2, 268
1, 361
2,197
1,404
2 488
1,373 ' 2, 005
2, 207
M^otor vehicles and parts
do
989
995
983
969
1,050
853
829
786
'844
1,034
897
1,
065
1,073
Lumber and furniture
do
789
829
781
724
771
582
561
'649
615
812
652
775
782
Stone, clay and glass
do
14, 946
15, 075
15,284
15, 026
14, 001
15,340
14, 263
15, 541
15,225 ' 15, 394 14,929
16, 345
16, 321
Nondurable goods industries total 9
do
4,378
4, 598
4, 679
4, 610
4,483
4, 155
4,251
4,579
4,855
4, 950
4,585 ' 4, 590 4, 425
Food and beverage
do
416
399
404
451
407
3(54
348
416
409
377
441
413
'417
Tobacco
_ - do
1,119
1,217
1,243
1,
260
1,
199
1,
156
1,083
1,181
' 1,223
1,296
1,346
1,256
1,310
Textile
do
1,044
1, 026
1,052
1,018
980
938
942
986
'986
1,041
974
1, 060
1 , 086
Paper
_
do
2,044
2, 185
2,247
2,132
2,180
1, 853
2,120
2,379
1.947
'2,175
2,143
2, 231
2, 339
Chemical
do
2,988
2,934
3, 093
3, 107
3,033
2, 946
3, 195
3,103
' 3, 353 3,184
3,056
3,235
3, 037
Petroleum and coal
_do__ _
554
524
526
546
534
456
499
503
'481
439
528
569
480
Rubber
do
30, 266
28, 481
29, 130
30, 742
31, 248
30, 858
28, 143
28, 972 ' 30, 751 30, 787
29, 384
29, 268
29, 818
Sa^es value (seas adj ) total
do
15,515
15, 384
15, 166
14, 400
15, 771
13, 870
13, 541
13, 479 * r 14, 975
14,113
14, 047
15. 352
14, 008
Durable goods industries total 9
do
2,104
2,792
2,858
2, 916
2,421
2,580
2, 656
1, 956
1,212
1,186
2,230
2. 802
1,227
Primary metal
do
1. 182
1, 994
1,918
1, 956
1,782
1, 648
1,478
1.869
1,182
432
438
' 1, 982
439
Iron and ste^l
do
1, 684
1,711
1, 605
1.758
1,787
1,526
1,537
1,759
1.690
1,623 ' 1, 760
1,703
1,631
Fabricated metal
do
4,778
4,423
4,507
4, 226
4, 565
4,131
4.017
4. 695
4,717
4, 699
4,666
4, 663
4.651
Machinery (including electrical)
do
1,899
1, 804
1, 796
1,704
1,724
1,815
1,708
1, 952
'1,927
1, 942
1,956
1,911
1,883
Electrical
do
3,385
3, 463
3,212
3, 667
3,558
3,168
3,641
2,514
3, 167
3 62°
3,778
' 2, 950
3, 577
Transportation equipment
do
2,142
2,178
2,279
2, 310
2, 060
1, 960
2,003
2,415
1,167
' 1, 554 2.274
2,237
2,143
Motor vehicles and parts
do
995
1,041
1,077
918
1,035
894
879
'909
843
922
952
991
977
Lumber and furniture
do
756
766
805
731
768
704
677
668
737
'729
662
718
751
Stone, clay, and glass
do
15, 474
15, 100
15, 227
15, 477
14, 730
15,337
14, 611
14, 602
15, 493 ' 15, 776 15,435
15, 705
15, 260
Nondurable goods industries total 9
do
4,614
4,540
4, 507
4, 617
4,479
4, 465
4, 522
4, 609
4,723
4,643 ' 4, 702
4,618
4,511
Food and beverage
- do
382
411
388
414
416
428
'409
399
428
387
443
408
395
Tobacco
do
1,256
1,281
1,253
1,
310
1,200
1,140
1,102
1,
209
'
1.
261
1,197
1, 226
1,222
1,
250
Textile
do
1,034
1, 026
1, 060
1,042
988
1.006
977
942
994
994
' 1, 060
1,029
1,011
Paper
do
2,089
2,171
2,125
2, 090
1,979
1,930
1,932
2,219
2,236 ' 2. 378 2,268
2,157
2,273
Chemical
do
2, 994
3,093
3,095
3,080
3, 046
3, 037
3,043
3,044
3,037
' 3, 105
3,301
3,183
3,071
Petroleum and eoal
__do
519
524
543
520
506
508
490
482
492
544
555
506
' 496
Rubber
__ do_ _
Inventories, end of month:
51, 545
51, 790
51, 053
51, 990
50, 626
50, 190
49, 776
51, 434
53, 510
51, 782 ' 52, 877
51, 551
51, 524
Book value (unadjusted), total
do
29. 905
30, 079
29, 510
28, 566
29, 116
30, 217
29, 224
28, 178
29, 601
29 679
29, 431 ' 30, 264 30, 713
Durable goods industries, total 9
do
4,183
4,175
4,013
4,007
4, 271
4, 286
4,293
' 4, 310 4,280
3,971
3,981
4,116
3,979
Primary metal
do
2, 251
2, 460
2,420
2, 260
2, 565
2, 627
2,288
2, 653
2,411
2, 264
' 2, 578
2,254
2,531
Iron and steel
do
3, 376
3,487
3,270
3, 151
3,500
3,008
2,854
2, 903
2,860 ' 2, 960
3.029
3,055
3, 295
Fabricated metal
_
do
9,434
9, 627
9,801
9,779
9,279
9, 125
9,700
8, 967
9,703 ' 9, 884
9,722
9,650
10, 133
Machinery* (including electrical)
do
3,724
3,537
3,643
3, 682
3, 452
3,376
3,624
3,307
3,614
3, 652
3, 734
3,626 ' 3, 687
Electrical
do__.
7,034
7,078
7,114
7,220
6, 738
6,908
6,695
7,114
7, 062
' 7, 385 7.449
7,290
7,013
Transportation equipment
do
2,829
2,872
2,983
2,910
2,704
2,766
2, 625
2, 907
2,997 ' 3, 202 3.220
3,107
2,847
Motor vehicles and parts
do
1,766
1, 796
1,787
],848
1,723
1,750
1,819
1,713
1,849
1,834
' 1,861
1,870
1,858
Lumber and furniture
do. _
1,284
1,292
1,295
1,275
1,265
1,249
1,219
1,257
'1,343
1,395
1,296
1,229
1,226
Stone, clay, and glass
do
By stages of fabrication:
8.8
8.1
8.3
9.0
7.9
7.6
8.2
7.7
8.3
8.5
8.5
8.9
8.5
Purchased materials
bil. of dol_
11.8
11.8
11.6
11.7
11.9
11.7
11.5
11.8
12.1
11.6
11.9
11.5
12.3
Goods in process
do_ _
9.4
9.8
9.7
9.7
9.6
9.4
9.1
9.1
9.3
9.9
9.6
9.2
9.2
Finished goods
do
21, 773
21, 543
21, 640
21, 510
21,711
21, 624
21, 598
22, 210
22, 351 ' 22, 613 22, 797
21, 845
21, 950
Nondurable goods industries, total 9 --mil. of dol.
4,676
4,604
4, 628
4,606
4,662
5,098 '5,012
4,944
4,824
5,021
4,777
4,831
4, 926
Food and beverage
_
do
1,764
1,905
1,854
1,737
1,997
1, 951
1,994
1,862
1,926
1,923
'2,037
1,773
2. 093
Tobacco
do
2.576
2, 563
2, 523
2,557
2 5°°
2,490
2, 462
2,451
' 2. 513 2,574
2, 481
2,445
2,431
Textile
- do_
1,499
1,492
1,497
l'
491
1,457
1,444
1,474
1,442
1,451
1,466
'
1.
506
1,458
1.533
Paper
do
3,745
3,777
3,809
3,730
4,000 ' 4, 076
3,944
3,793
3,805
4, 119
3,828
3,853
3, 787
Chemical
_ -.- do-__
3,312
3,232
3,347
3,398
3,175
3,187
3,199
3,349
3,398
3,443
'
3,
355
3,
399
3,320
Petroleum and coal
do
1,015
1,013
1,032
1,040
1,071
1,114
1,087
1,053
1,023
' 1,155
1, 075
1,057
Rubber
do _
1, 177
By stages of fabrication:
8.7
8.7
8.8
8.7
8.8
8.7
8.8
8.8
9.0
'9.3
8.6
8.7
9.3
Purchased materials
bil. of dol.
3.1
3.1
3.1
3.1
3.1
3.0
3.0
3.0
3.0
3.1
3.1
3.0
3.1 I
Goods in process
do
9.9
9.9
10.0
9.8
10.3
9.8
9.7
9.8
10.4
10.1
10.2
10.4
10.4
Finished goods
do _ 1
r
§1^he term 'business ' here includes onljr manufac turing an 3 trade, Business inventorie s a* shown
Revised.
i Beginning January 1960, data for Ailaska anc1 Hawaii ire includ ed.
Unadjus ;ed data ft)r manufa cturing ai e shown telow; the se for ret a il and wh olesale tra de on pp. S-9, S-10 and S-ll.
on p. S-l cover data for all types of producers, both far m and no ifarm.
$ Includes data not shown separately.
SUEVEY OF CUBKENT BUSINESS
March 1960
S-5
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
January
February
March
April
May
June
1960
July
SeptemDecemOctober November
ber
ber
August
January
February
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
Inventories, end of month— Continued
Book value (seas adj ), total
Durable goods industries total 9
Primary metal
Iron and steel
Fabricated metal
M^ochinerv (including electrical)
Electrical
Transportation equipment
Motor vehicles and parts
Lumber and furniture
Stone clay and glass
By stages of fabrication:
Purchased materials
Goods in process
Finished goods
-
49, 489
49, 921
50, 454
51, 052
51, 599
52, 138
52, 241
52 116
51, 892
51,515
51,625
r
52, 426
53, 182
do
do
do
do
do
do
28 106
4, 180
2 551
2,962
9 008
3, 360
28
4
2
3
9
3
408
267
6?7
008
086
406
28 925
4,341
2 644
3 120
9 215
3 458
29
4
2
3
9
3
361
368
645
175
346
508
29 734
4,312
2 574
3 278
9 482
3 557
30
4
2
3
9
3
30
4
2
3
9
3
30 145 '
3' 980
2? 254
3 328
9 896
3 680
29 817
3,923
2 198
3, 117
9 741
3,630
29
3
2
2
9
3
249
870
158
912
807
655
29 347
3, 986
2 253
2, 918
9 731
3,639
r
30 085
T
4, 120
r
2 387
r
3, 052
^r 9 915
3, 732
30 622
4,172
2 434
3, 091
10 174
do
do
do
do
6, 587
2,490
1,724
1 207
6,673
2, 574
1,712
1 207
6, 854
2, 680
1,719
1 216
7, 031
2, 826
1,731
1 235
7,167
2, 955
1, 759
1 254
7,386
3, 149
1 764
1 276
7,397
3, 175
1,823
1 270
7, 333
3 153
1 841
1 261
7,305
3, 165
1, 860
1 277
6,887
2,745
1, 855
1 320
6,928
2,811
1,861
1,336
7, 179
*T 3, 043
1.870
r
1 357
7, 308
3, 054
1,886
1 381
7.7
11.4
9.0
7.8
11 4
9.2
8.1
11.5
9.3
8 3
11 7
9.3
8.5
11.8
9.4
8.9
11 9
9 5
8.9
11.9
9.5
8.7
11.9
9.5
8.3
12.0
9.5
8.0
11.8
9.4
8.1
11.8
9.4
8.3
' 12.1
9.7
jo 2
21,383
21,513
21, 529
21,691
21,865
21,911
21, 892
21, 971
22, 075
22, 266
22, 278
' 22, 341
22, 560
4,700
1,881
2, 449
1,458
3,727
3, 281
998
4, 752
1,893
2, 457
1,452
3,727
3 307
1,022
4,797
1,876
2, 463
1,455
3, 702
3 320
1,030
4 870
1,868
2,482
1,463
3,696
3 367
1,015
4,967
1,873
2,487
1,482
3,730
3 380
995
4 9?8
1,819
2, 532
1,492
3 768
3 366
1 013
4,847
1,838
2,534
1,457
3,847
3 314
1, 075
4 833
1,866
2, 495
1,473
3 907
3 332
1 113
4,832
1, 930
2, 516
1, 471
3,970
3 267
1, 114
4,810
1, 955
2, 536
1,481
4,037
3 295
1, 115
4,814
1,942
2, 542
1, 496
4, 041
3 283
1, 120
4, 788
1, 978
2, 530
1, 506
4, 032
3 322
1, 138
4, 796
1 . 975
2, 554
1, 541
4, 050
3 405
1.148
8.6
30
9.8
8.6
3 0
9.9
8.6
30
9.9
8.7
30
10.0
8.8
3 0
10.0
9 0
3 0
9 9
9.0
31
9.8
9.0
31
9.9
8.9
31
10. 1
9.0
31
10.2
8.9
3. 1
10.3
28, 215
28,916
31, 868
30, 994
30, 281
32, 302
29, 449
28, 558
30, 527
31, 258
28, 559
13, 299
2, 149
1, 361
1, 596
4 282
1,740
mil. of dol
bil. of dol
do
do
_ _ _
Nondurable goods industries, total 9 --mil. of dol._
Food and beverage
Tobacco
Textile
Paper
Chemical
Petroleum and coal
Rubber
By stages of fabrication:
Purchased materials
Oood^ in process
Finished goods
do
do
do^
do
do
do
do
bil. of dol
do
do
New orders, net (unadjusted), total
mil. of d o l _ _
16,452
3, 033
2, 064
1, 688
5 193
2,133
15,131
2, 551
1,650
1,668
4 590
1,716
227
201
447
365
7° 5
648
Durable goods industries total 9
do
Primarv metal
do
Iron and steel
do
Fabricated metal
do
Machinery (including electric?!)
do
Electrical
- _ . do _
Transportation equipment (including motor vehicles)
mil of dol
13,897
2, 835
2,011
1,462
3,868
1, 518
3, 057
2,884
3,614
3,792
3,333
Nondurable goods industries total
Industries with unfilled orders ©
Industries without unfilled orders *J
do
_ _ do
do
14,318
3,112
11,206
14, 1 57
3,313
10,844
15,416
3, 557
11,859
15, 136
3,442
11,694
15,150
3, 524
11,626
do
28, 502
29 702
30 229
31 206
30 541
31 404
13,900
2,727
1,934
1, 523
3,937
1, 564
14,918
3, 236
2,429
1, 685
4, 198
1,682
15, 323
2,681
1,795
1,608
4, 839
2,094
15, 796
2,826
1,829
1, 632
4, 632
1,822
15, 241
2,479
1, 586
1,619
4,626
1,744
3,038
3,038
3,437
3, 655
3,498
New orders net (seas adjusted) total
Durable goods industries total 9
do
Primary metal
do
Iron and steel
- - - do
Fabricated metal
do
IVTPchinerv (including electrical)
do
Electrical
do
Transportation equipment (including motor vehicles)
mil of dol
Nondurable goods industries total
Industries with unfilled orders ©
Industries without unfilled orders ^f
do
do
do
Unfilled orders, end of month (unadj.), total
do
Durable goods industries, total 9
do
Primary metal
do
Iron a,nd steel
do
Fabricated metal
_ do _
Machinery (including electrical)
do
Electrical
do
Transportation equipment (including motor vehicles)
mil of dol
14,759
3, 450
2 575
1,601
4 229
1,628
14, 906
3, 453
11,453
15, 858
2,671
1,738
1,665
4 679
1,791
15,410
3, 662
11,748
349
108
354
411
802
667
r
r
3,788
8,6
9.8
9.0
3.1
8. 9
30
10.4
10.4
r
30, 609
29. 004
r
15, 066
r
2, 699
r
1,811
r
1, 605
fr 4 859
1, 944
14. 024
2. 257
1,411
1.505
4 38f.
1.729
14, 424
1, 749
977
1,793
4, 658
1, 897
13 120
1 633
902
1 796
4 393
1,794
4,039
3,161
2 342
2,712
3,626
2, 611
3, 572
3, 357
1 5, 366
3, 465
11,901
15, 025
3. 203
11, 822
15,438
3, 399
12, 039
16, 242
3, 498
12, 744
16, 278
3, 622
12, 656
15, 260
3,446
11,814
r
15, 543
r 3, 559
r
11, 984
14, 980
?, 326
30, 827
29 016
30 552
30 449
29 222
r
30 725
29 698
16 133
2, 578
1,714
1,811
4 922
2,021
15, 493
2,018
1,149
1,793
4,893
1, 928
13 974
1 689
920
1,710
4 623
1 927
14, 747
1, 957
1,112
1. 705
5, 067
2,173
15 099
1,870
1,039
1,791
4, 982
2,075
13 721
2, 141
1,338
1,818
4 673
1,927
r
14, 757
14 231
2. 196
1,363
1 599
4, 586
1,859
3,841
3,631
3, 185
3,155
3, 661
2,303
15, 334
3,384
11, 950
9
15 04
3 237
11 805
15 805
3,533
12 272
16,936
2 "83
1,731
5 409
2, 370
14, 285
1,807
990
1, 876
4 941
2,124
14, 602
3,143
11,459
14, 784
3,381
11,403
47, 683
49, 097
50, 376
50, 485
50, 093
50, 402
50, 605
50, 573
51, 068
44. 839
4,991
3,717
3, 105
16,083
9, 319
46, 097
6, 121
4,743
3,316
16, 187
9,279
47, 244
6, 362
4,882
3, 382
16,785
9, 621
47, 292
6,086
4, 587
3,312
16, 854
9,667
46, 696
5, 626
4,144
3. 262
16, 929
9, 652
46, 979
4, 950
3, 562
3,210
17, 530
10 154
47, 183
4, 914
3,540
3, 243
17, 838
10, 341
47, 254
5 382
4 025
3 229
17 828
10 312
47, 852
5 971
4,579
3, 207
18 043
10 406
15, 300
3, 524
11,776
r
15 271
3,269
12, 002
14, 980
1,818
997
1,863
4 794
2,002
r
* 1,818
r
r
r
r
1,667
4, 850
1,912
11,654
2, 806
3, 270
15 968
r
3, 746
r 12 222
15,467
15 501
3, 377
12 124
r
51,477
51, 506
«• 51, 486
50,912
48, 304
6 520
5, 109
3, 270
18 015
10 399
48, 298
6 762
5,323
3.339
17 776
10 096
r
48, 129
r
6 762
r
5, 241
r
3, 328
r
17 787
r
9 984
47, 504
('), 403
4,817
3, 286
r
15, 727
15,357
3, 408
15 350
3,385
11 965
3, 436
12, 031
17,827
9.915
16, 286
15, 955
16, 078
16, 233
16, 001
16, 366
16, 049
15 743
15, 687
15, 743
15 653
2,844
3,000
3,132
3,193
3,397
3,423
3,422
3 319
3,216
3,173
3,208
r 3, 357
New business incorporations (49 States) eft- -number- _
18, 839
15, 791
18, 176
17,615
16, 721
16, 208
16, 650
14, 406
14, 664
14, 526
13,015
r 16,450
18. 189
INDUSTRIAL AND COMMERCIAL FAILURES^ 1
Failures, total
_
number-
1,273
1,161
1,263
1, 292
1,135
1,244
1,071
1,135
1,144
1,125
1,130
1,080
1, 181
96
188
215
642
132
104
164
207
582
104
117
185
210
625
126
121
166
202
671
132
104
172
199
567
93
111
167
203
633
130
100
137
203
518
113
122
181
187
542
103
93
191
192
563
105
102
164
221
532
106
105
186
195
520
124
89
103
231
478
119
93
193
210
587
98
73, 564
58, 592
65, 051
71,907
50,917
49, 197
51, 197
54, 501
54 736
50, 375
53, 214
59, 556
53, 671
6, 559
8, 274
17, 062
33, 197
8,472
4, 547
6,911
17,444
22, 327
7,363
5, 304
11, 589
22, 558
20 348
5, 252
9,994
8,623
16, 501
22 839
13,950
3,336
12,262
10,835
19 638
4, 846
5, 069
8 519
12, 143
18 234
5, 232
3,147
11 328
14, 592
17 052
5,078
3,160
12 061
18 559
15 362
5 359
3,077
12 595
15 974
16 098
6 992
3, 891
7 131
20 980
13 050
5 323
3,027
12 136
17 266
15 244
5 541
3,072
453
822
443
766
3, 129
11 993
If., 321
15 951
6 274
51. 1
50.9
50.4
52.0
48.3
53.8
49.2
53.3
58.4
50.5
55.4
49.6
51.0
Nondurable goods industries total ©
do
BUSINESS POPULATION
Firms in operation, end of quarter (seasonally adjusted)
thousands
Commercial service
do
Construction
_ _ _ _ _
do
Manufacturing a n d mining
_ _ d o __
Retail trade
do
Wholesale trade
_ _ _ _ _ _
do
Liabilities (current), total
Commercial service
Construction
Manufacturing a n d mining
Retail trade
Wholesale trade
thous. of dol
,
do
do
_ _ _ _ _ _ _ _ do _
do
do_
Failure annual rate (seas. adj.)_No. per 10.000 concernsr
4,621
4, 645
4 666
4 684
10
23
13
8
Revised.
9 Includes data not shown separately.
©Includes textiles, leather, paper, and printing and publishing industries; unfilled orders for other nondurable goods industries are
zero.
IFor these industries (food, beverages, tobacco, apparel, petroleum, chemicals, and rubber), sales are considered equal to new orders.
cfData are from Dun & Bradstreet, Inc.
^Revisions for January-September 1958 to include data for Hawaii appear in the January 1960 SURVEY; comparable data for 1955-57 are available upon request.
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
March 1960
1960
1959
January
February
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
January
February
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
Prices received, all farm products!
1910-14=100
Crops - __ _
_ _ _
Commercial vegetables
Cotton.
_
Feed grains and hay
Food grains
_
245
243
244
244
245
242
240
239
239
235
230
228
231
233
do
do
do
do
do
215
267
238
152
199
218
268
238
154
203
220
264
254
155
205
223
261
2fi4
161
205
230
254
269
163
205
229
213
266
163
199
226
215
287
161
200
221
214
281
159
201
220
214
280
156
198
219
241
274
149
203
216
228
260
150
206
217
258
254
149
206
219
264
248
151
206
219
250
237
153
208
do
do
. . do
do
211
218
129
499
225
221
123
505
218
223
117
505
210
225
135
508
^23
230
217
508
223
228
297
509
206
222
232
503
211
214
164
504
230
204
146
510
214
208
147
505
199
216
165
504
198
215
174
491
202
216
188
486
222
216
189
493
270
204
328
161
200
265
258
322
159
197
264
249
327
154
197
261
240
336
135
220
258
232
33S
126
240
252
229
329
124
241
252
239
314
139
248
254
251
314
139
249
256
265
307
143
244
248
273
291
138
235
243
279
275
139
230
238
274
264
148
234
242
266
278
144
239
244
260
286
142
240
276
287
268
275
288
267
276
287
267
276
287
269
276
288
268
276
288
267
275
289
266
275
288
266
274
288
265
275
290
264
275
291
264
275
291
264
275
290
265
276
289
266
298
297
298
299
299
298
298
297
297
296
297
297
299
299
82
82
82
82
82
81
81
80
80
79
77
77
77
78
123 8
123 7
123 7
123 9
1^4 0
124 5
124 9
124.8
125.2
125.5
125.6
125.5
126 4
121 5
116.2
117.8
112.4
143.9
126 7
121 4
116 0
117. 6
112 2
144.2
126 9
121 4
115 9
117.4
112 5
144.4
127 1
121 5
115 9
117.4
112 6
144.8
127 3
121 6
115 9
117.4
112 7
145.2
127 5
122 2
116 6
118.2
112 8
145.4
127.9
122 7
117.0
118.7
113. 1
145.8
128.2
122.4
116.6
118.3
112.8
146.3
1 28. 7
122.9
117.0
118.8
112.8
146. 9
129.2
123.2
117.3
118.8
113. 6
147. 3
129. 5
123 1
117.2
118.6
114. 1
147. 6
129.5
123 1
117. 1
118. 5
113.8
147.8
129.4
122 9
116. 7
118.1
113.6
148.2
do
o
do
do
do
106. 7
119.0
114. 1
121 7
113.8
106 7
118.2
114 0
121 2
112 6
107 0
117. 7
113 8
120 7
111 3
107 0
117. 6
112 9
123 0
111 5
107 3
117.7
112 6
125 6
111 6
107 3
118.9
112 3
134 5
111 6
107. 5
119.4
113.3
130 8
112.0
108.0
118.3
114. 1
125.6
109.9
109.0
118.7
115.5
124. 1
110. 4
109.4
118.4
116. 1
124. 5
109.0
109.4
117.9
ne. o
123 4
107. 9
109 2
117.8
116 7
125 5
106 6
107.9
117. 6
116 5
125 7
106 4
do
do
do
do
do
do
128.2
118.2
103. 2
138.8
148.0
129.4
128. 5
118.5
103.8
139. 0
149.0
129.8
128.7
118.5
103.8
139 1
149.2
129.7
128.7
118.2
103. 8
139 3
149. 6
130.0
128.8
118. 7
103 7
139 3
150. 2
130 7
128.9
119.3
104. 1
139 5
150. 6
131. 1
129.0
119.5
104.0
139. 6
151.0
131.3
129.3
120.1
103.6
139. 8
151.4
131.7
129. 7
121. 6
104.0
140. 0
152.2
132.1
130.1
121.7
104, 1
140. 4
152.5
132.5
130.4
121.7
104.4
140. 5
153. 0
132.7
130.4
122.7
104.2
140 8
153 2
132 9
130. 7
123.2
104. 0
140 9
153 5
132 7
do
do
do
do
do
117.0
144. 1
133 1
191.8
127.3
117.1
144.3
133 3
191.8
127.4
117.3
144.9
134 0
192.0
127.3
117.7
145. 3
134 4
192. 6
128.2
117.8
145 4
134 5
192. 7
128.4
118.1
145.9
134 9
192.7
129.2
119.1
146. 3
135.2
194.2
130.8
119.1
146. 7
135.5
194.9
131.1
119.6
146. 4
135.3
194.9
131.5
119.7
148.5
137.4
195.9
131.6
120.0
149.0
137.9
196.0
131.6
120 4
148 7
137 5
197 2
131.7
120 3
148 1
136 8
197 2
131.8
119.5
119.5
119.6
120.0
119.9
119.7
119.5
119.1
119. 7
119.1
118.9
118 9
119 3
98.1
126.3
120.8
98.0
126.5
120.7
98.9
126. 7
120.6
99.6
127.2
120.8
98.5
127.4
120.6
98.1
127.1
120.5
96.4
127.2
120.5
95.6
127. 0
120.2
95.9
126. 9
121.4
94.4
127.1
120.5
93.6
127.3
120.0
93.4
127 3
120 1
94 5
127 6
120 4
105.7
144.7
105.5
145. 1
105.6
145.4
106.2
145.4
105. 8
145.8
105.2
146. 1
105.0
146. 1
104.4
146.2
105.0
146.4
104.2
146.4
103.7
146.7
103 8
146 6
104 3
146 8
_ do __
do
do
do
91.5
102. 5
76.1
90.3
91.1
105.9
77.0
88.4
90.8
93.6
77. 7
91.1
92.4
114.2
79.7
91.9
90.8
107.0
78.6
90.6
89.8
100.9
78.2
89.5
88.4
98.5
78.2
84.8
87.1
92.8
77.7
83.1
88.9
103.1
76.2
82.1
86.5
102.2
75.7
78.5
85.4
103. 2
76.5
75.3
85 9
107 9
76 1
76.0
86
105
77
78
5
4
2
5
do
do
do
do _ _
do
108.7
117. 5
113.0
110.8
103.3
107. 6
117.7
113.0
110.6
100.9
107.2
119.0
113.0
111.2
99.6
107.2
118.9
112.0
110.6
100.8
107.7
119.5
111.7
110.4
101.4
108. 1
119.2
111.9
111.1
101.9
107.5
119.5
113.9
110.6
99.3
105.8
119.5
114.7
107.9
94.8
107.8
119.5
116.2
106. 9
99.7
106.4
120. 4
116.7
107.4
95.1
104.9
120.4
117.7
106.4
90.8
104 7
120 4
118 1
104.6
90 5
105
120
118
104
92
5
4
5
5
6
_
Fruit
__
Oil-bearing crops _
Potatoes (incl. dry edible beans) _
Tobacco
Livestock and products
do
Dairv products do
Meat animals
do
Poultry and eggs
do
Wool
_ _
do
Prices paid:
All commodities and services
do
Family living items .
_
do
Production items
--do
All commodities and services, interest, taxes, and
wage rates (parity index)
1910-14 = 100
Parity ratio §
_
_
do
CONSUMER PRICES
(U.S. Department of Labor indexes')
All items
1947-49 — 100
Special group indexes:*
All items less food
do
\11 items less shelter
do
All commodities
do
Nondurables _
do
Durables
do
Services
do
Apparel
Food 9
Dairy products
Fruits and vegetables
Meats, poultry, and
Housing 9
_
Gas and electricity
Housefurnishings
Rent
Medical care
_
Personal care
_
fish
_
Readme and recreation
Transportation
Private
Public
_
__
Other goods and services
_ _
_ __ _
d
WHOLESALE PRICEScf1
(U.S. Department of Labor indexes}
All commodities
1947-49=100
By stage of processing:
Crude materials for further processing _
do
Intermediate materials, supplies, etc
do
Finished goods O
do
By durability of product:*
Nondurable goods
_ _
do
Durable goods
do
Farm products 9 .
_ _
Fruits and vegetables, fresh and dried
Grains
Livestock and live poultry
_ _
Foods, processed 9 Cereal and bakery products
Dairy products and ice cream
_
Fruits and vegetables, canned and frozen
Meats, poultry, and fish _
1
125. 4
127.5
127.8
128.1
128.3
128.4
128.2
128.4
128.4
128.4
128.4
128.5
128 6
128.8
- do
do
do
do
do
do _
110.2
124.0
93.0
59.9
107. 6
128.2
109.9
123.7
93.0
58.9
107.5
128.4
109.8
123.6
92.8
60.3
107.5
128.4
110.0
123.9
92.9
60.4
107.5
128.3
110.0
123.8
93.1
60.4
107.5
128.3
110.0
123.8
93.4
58.4
107. 6
128.3
109.9
123.9
93.7
55.3
107.4
128.3
109.7
123.7
93.6
53.8
104.8
128.3
109.9
123.8
93.7
55.0
105.2
128.3
110.0
123.9
93.8
54.5
106.3
128.3
110.0
123.9
93.8
52.2
106.6
128.3
110 0
124 0
93.7
50. 8
107.0
128 3
109.9
124. 1
93.8
49.2
108.3
128.3
Fuel, power, and lighting materials 9
do
Coal
_
do
Electric power
January 1958=100
Gas fuels
do
Petroleum and products
1947-49=100
113.9
125. 3
100.7
112.7
118.2
114.8
126. 2
100.8
112.0
119.5
115.0
124.6
100.9
113.1
119.9
114.0
119.3
100.8
108.6
119.4
113.4
118.9
100.9
109.9
118.3
111.2
119.8
100.8
106. 8
115.0
111.1
121.1
100.8
105.8
114.8
112.2
122.0
100.6
109.2
116.2
111.9
123.0
100.8
112.8
115.1
111.4
123.6
100.7
111. 1
114. 5
111.2
124.0
100.7
113.8
113 9
111
124
101
115
114
111 9
124. 1
101 3
116 8
114 4
123.5
105.0
123.7
89.7
69.6
123.6
104.9
124.0
89.9
69.6
123.8
104.4
124.2
90.3
70.9
123.5
104.4
124.2
89.8
70.1
123. 4
104.3
124. 1
87.7
70.1
123.3
103.9
124.4
87.7
69.5
123.3
104.1
124.3
87.7
69.2
Commodities other than farm prod, and foods do
Chemicals and allied products 9 Chemicals, industrial
Drugs and Pharmaceuticals
Fats and oils, inedible
Fertilizer materials
Prepared paint- _ _
123.3
123.5
123.3
123.4
Furniture, other household durables 9 _ _do __
104.8
105.0
105. 1
105.0
Appliances, household
do
124.1
124.1
124.1
123.4
Furniture, household
.
do _
89.1
89.1
89.7
89.7
Radio receivers and phonographs - _
_do
70.2
70.2
69.6
69.6
Television receivers
do
r
Revised.
1 Index based on 1935-39=100 is 209.7.
{Revisions for 1952-58 are on p. 24 of
taxes, and wage rates).
*New series; data prior to August 1958 are available upon request.
modities, see respective commodities.
©Goods to users, including raw foods and fuels.
7
1
2
5
3
123.2
123.3
103 8
103 1
1?4 2
124.2
87.8
87.8
69.2
69.2
the November 1959 SURVEY.
§Ratio of prices received to prices paid (including interest,
9Includes data not shown separately.
c?For actual wholesale prices of individual com-
SUKVEY OF CUERENT BUSINESS
March 1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-7
1959
February
January
March
April
May
June
1960
July
DecemAugust SeptemOctober November
ber
ber
January
February
COMMODITY PRICES—Continued
WHOLESALE PRICESc?— Continued
U. S. Department of Labor indexes— Con.
Commodities other than farm, etc.— Con.
Hides, skins, and leather products 9 _ 1947-49=100..
Footwear
do
Hides and skins
do
Leather
_ _
. d o
Lumber and wood products
do
Lumber
_
do
104.1
123 2
68.7
99.3
120.5
121.0
105.4
123 3
73.0
101. 0
122.5
123.1
108.5
123 6
87.7
103.6
124.2
125. 5
117.8
128 2
108.5
120.4
126.3
126.8
118.5
129 5
98 6
124.5
128.2
128.9
118.9
130 2
106 7
120.1
128.9
130.4
119.3
130 6
107 7
118 7
128.3
129 9
119.7
132 3
106 9
117.3
128.5
130.3
119.1
132 3
102 4
117.1
127.2
129 3
116.2
133 5
87 5
112 2
126.2
127 9
111. 7
133 8
67 2
103.8
124.3
125. 8
112.3
134 1
73 8
103 5
124.8
125 9
112.6
134 2
73 7
105.5
125.0
126.0
151.8
142.9
170.7
152.6
143.1
152.0
143.0
171.2
152.5
143.2
152.2
143.1
171.7
153.1
143.2
152.1
143.0
171.8
153.0
143.2
152.5
143 5
171.7
154 1
143.2
153.0
143 5
171 7
154 2
143.2
153 6
143 4
171 8
156 1
143 2
153.8
143 4
172 0
155 8
143 2
153.9
143 5
172 4
156 1
143 2
153 7
143 4
172. 5
141 9
153. 6
143 9
172.9
156 1
141.6
153
144
172
155
141
7
0
9
7
6
153.8
144.3
173.6
155 9
141.6
152.9
121.8
172.0
133.2
153.4
122.0
172.5
134.1
153.6
121.9
171.9
136.1
152.8
121.7
170.8
134.7
153.0
121.7
170.4
136.2
153.3
121 7
171.3
136.1
152 7
121 7
171 8
133.8
152.8
121 6
171.9
133.9
153 8
121 4
172.4
136.1
154 5
121 5
173 1
137.2
155.8
121 5
173.6
141.1
155
121
172
140
2
6
2
7
155.6
121 3
172.4
142.2
do
do
do
do
137.2
159.3
128.6
133.1
137.5
159. 6
129.0
133.1
137.7
159. 9
129.3
133.1
138.3
160.0
129.4
133.1
138.4
160.1
129.7
133.1
137.4
160.4
129 7
133.1
137 5
160.6
129 9
133 1
137 4
160. 5
129 7
133.1
137 5
160. 5
130 2
133.1
137 5
160 4
130 3
133 1
137 7
160.6
130 3
133.1
137 8
160 7
130 4
133 1
138 3
161. 2
130 7
133.1
do ...
do
do __
do
131.5
142.1
145.2
151.9
131.7
142.1
145.4
151.9
132.0
142.1
146.0
151.9
132.2
143.3
146.7
151. 9
132.0
143.3
148.0
151.9
132.3
143.3
146.6
150.0
132.4
143 6
146.4
150 0
132.3
143 7
141.0
134 3
132.4
143 8
142 0
134 3
132 5
144 3
142 3
133 3
132.3
144 3
144.9
133 3
132 4
144 3
142 5
133 3
132.4
144.5
143.5
133.3
_ do _.
do
do
do _._
do
do
93.3
99.3
88.7
104.7
79.3
97.3
93.7
99.3
89.6
109.3
79.8
97.6
93.9
99.3
90.2
112.1
80.1
97.7
94.1
99.3
90.3
113.6
80.6
99.4
94.5
99.6
90.8
114.0
81.0
101.1
94.9
99.6
91.6
114.2
81.5
102.2
95 3
99.9
91 9
113.4
82 2
103.3
95.7
100.4
92.1
113. 7
82.3
104.3
95.9
100.6
92 6
113.2
82.1
104.7
95 9
100.6
93 0
114.2
81 0
104.1
96.3
100.9
94 0
117.4
81.4
103.7
96
100
95
121
81
104
7
9
0
7
3
2
96.7
100.9
95.9
122. 0
80.0
103. 9
do
do
do
do.. _
do
128.6
121.7
134.8
100.8
117.8
128.9
121.7
134.8
98.5
117.9
132.1
121.7
134.8
97.0
117.2
132.2
121.7
134. 8
98.8
116.9
132.2
121.7
134.8
95.2
117.0
132.2
121.7
134.8
91.0
117.0
132 2
121.8
134 8
92.9
117 5
131 9
121.0
134 8
92.0
117.7
131 8
120.9
134 8
88.6
117.7
131 7
120.7
134 8
91.8
117 7
131 7
120.7
134 8
93.7
117.7
131 7
120 7
134 8
94 2
118 0
131 8
120.8
134 8
95.8
117 6
83.7
80.8
83.7
80.8
83.6
80.8
83.3
80.7
83.4
80.6
83.5
80.3
83.7
80.1
84.0
80.1
83.5
79.9
84.0
79.7
84.1
79.6
84.1
79 7
i1 83.8
79 7
Machinery and motive products 9 .
Agricultural machinery and equip
Construction machinery and equip §
Electrical machinery and equipment
Motor vehicles
-do
do
do
do
do
Metals and metal products 9
Heating equipment
Iron and steel _
Nonferrous metals
_
_ do __
do
do
do...
Nonmetallic minerals, structural 9
Clay products
Concrete products
Gypsum products
Pulp, paper, and allied products
Paper
Rubber and products ...
Tires and tubes
__
_
.
Textile products and apparel 9 ._
Apparel.
__„
Cotton products _..
Silk products
Manmade fiber textile products
Wool products
_
Tobacco mfs. and bottled beverages 9
Beverages, alcoholic
Cigarettes
Miscellaneous __
Toys, sporting goods
r
156 1
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
Consumer prices _.
_
1947-49= 100. _.
__do
CONSTRUCTION AND REAL ESTATE
'
CONSTRUCTION PUT IN PLACED
New construction (unadjusted), total
mil. of dol__
Private, total 9
3,712
3,506
3,840
4,284
4,755
5,160
5,258
5,265
5,102
4,880
4,421
2 582
2 474
2 714
2 999
3 287
3 523
3 647
3 657
3 574
3 460
1,471
1,170
243
1,374
1,080
238
1, 562
1,230
276
1,799
1,370
372
1 972
1,473
438
2 096
1,583
448
2 151
1,625
458
2 134
1 622
441
2 105
1*619
416
655
165
273
94
348
636
160
268
103
349
625
154
270
115
399
627
150
276
131
429
687
154
320
155
458
762
161
364
173
475
801
167
379
187
489
811
175
369
197
496
do
1,130
1 032
1 126
1 285
1 468
1 637
1 611
do
do
do
do
359
107
348
316
326
91
319
296
366
100
328
332
385
119
419
362
385
144
549
390
408
159
654
416
406
127
678
400
do
4,557
4,609
4,659
4,667
4,713
4,705
do
3 065
3 097
3 158
3 243
3 296
1,793
1,812
1 867
1 952
691
160
304
127
436
694
160
308
133
442
685
156
305
136
454
1,492
1,512
396
127
600
397
125
613
do
Residential (nonfarm) 9
do
New dwelling units
_
do
Additions and alterations
do
Nonresidential buildings, except farm and public
utility, total 9
"
mil. of dol
Industrial
do
Commercial
do
Farm construction
_ . do
Public utility
do
Public, total
_-
Nonresidential buildings _ _
Military facilities
Highway
Other types
New construction (seasonally adjusted), total
Private, total 9
._
.
Residential (nonfarm)
do
Nonresidential buildings, except farm and public
utility, total 9
_
mil. of doL_
Industrial
_
do
Commercial
do
Farm construction
_
do
Public utility
do
Public, total 9
Nonresidential buildings
do _.
do
4, 075
r
3, 719
3,567
3 302
3 062
r 2 737
2 655
2 036
1 565
403
1 904
1 457
378
1 718
l' 322
324
773
166
352
183
493
770
171
348
155
477
790
185
354
136
449
789
200
341
121
411
757
209
310
r 101
r 356
771
220
320
103
359
1 608
1 528
1 420
1 119
r 1 013
r 982
912
412
133
656
407
380
129
625
394
368
117
568
367
321
109
370
319
r 320
r 325
r 98
r 90
286
309
280
4,671
4,566
4,427
4,313
4,221
' 4, 331
3 287
3 301
3 260
3 196
3 129
3 085
1 981
1 939
1 924
1 875
1 855
1 811
688
153
311
138
451
716
157
334
141
445
742
163
344
145
447
764
170
351
148
449
772
175
347
152
444
734
168
329
153
436
1,501
1,424
1,417
1,418
1,370
1,306
394
133
596
388
143
517
382
144
513
381
139
511
379
113
514
372
113
475
1 501
l' 140
291
1 403
l'o51
284
r 287
312
84
250
266
4, 535
4,635
3 144
r 3 248
3 312
1 748
1 760
1 841
1 855
718
169
318
155
423
731
180
317
158
424
769
196
797
203
331
161
428
345
1 231
1, 184
1,136
345
102
443
338
95
418
330
105
381
Highway.
do
r
Revised.
i Indexes based on 1935-39=100 are as follows: Measured by—wholesale prices, 43.9 (January); consumer prices, 47.7 (January).
cTSee corresponding note on p. S-6.
9 Includes data not shown separately.
§Revised beginning with data for September 1955; unpublished revisions (prior to November 1958) will be shown later.
{Revisions for January-September 1958 are shown in the November 1959 issue of "Construction Activity" report of Bureau of the Census.
r
p
1 187
'347
r
r 445
843
220
371
133
456
1 287
1 323
357
379
115
481
r 137
r
r HI
r 107
381
483
SUEVEY OF CURRENT BUSINESS
8-8
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
March 1960
1960
1959
January
February
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
January
February
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION CONTRACTS
Construction contracts in 48 States (F.W. Dodge Corp.) :
Valuation, total
mil. of dol
Public ownershin
Private ownership
By type of building:
Nonresidential
Residential _
Public works
Utilities
.
Engineering construction:
Contract awards (ENR)§
2,319
2,307
3,340
3,778
3,542
3,659
3,657
3,084
3,058
3, 135
2,373
2,224
2,193
do
do
800
1,519
800
1,507
869
2 471
1,207
2, 571
1,094
2,447
1, 167
2, 492
1,186
2,470
850
2 234
840
2 218
914
2 220
701
1 672
711
1,513
727
1. 406
do
do
do
do
818
1,022
372
108
704
1,073
403
126
913
1, 541
478
408
1, 187
1,831
638
122
1.072
1,677
632
161
1, 055
1,762
604
238
1,191
1,690
631
144
961
1,551
458
114
1 006
1 466
379
207
1 003
1, 515
455
161
801
1,092
394
86
790
993
383
58
801
927
353
111
do___.
1,641
1,314
1,644
1, 905
1,967
1, 877
2,482
1,495
1,538
1,494
1,458
1,590
1,265
8,964
2,076
4,775
2, 114
6, 756
996
4,531
1,229
7,255
981
4,333
1,941
9,171
848
5, 115
3,207
9,338
809
5,015
3, 515
10, 222
1,088
5.792
3,342
11, 734
977
6,642
4, 116
6,971
464
2,469
4 039
6,703
283
3 000
3 420
4, 604
2 —213
2, 565
2 252
5,315
390
2,902
2 023
6,900
2, 553
3, 975
7,410
1 069
4.791
1 550
Highway concrete pavement contract awards :<?
Total
_
thous. of sq. vd
Airports
do
Roads
_ _ -_
do
Streets and alleys
do
i 1, 402
NEW DWELLING UNITS
New permanent nonfarm dwelling units started:
Unadjusted:
Total, privately and publicly owned., -thousands..
Privately owned, total
In metropolitan areas
Publicly owned
Seasonally adjusted at annual rate:
Privately owned, total
83.7
75.9
76.6
83.0
58. 9
74.8
52.7
1. 1
74.4
52.4
2.2
1 210 0
1,330.0
1,210.0
1, 115.0
69 7
68 1
51 3
32
13 5
16
ny i
66. 0
48 5
2.9
14 6
1.1
87.0
94.5
121.0
142.2
137.0
136.7
128.8
129. 3
120.3
105. 5
92.5
do
do
do
84.1
59.7
2.9
93.5
60.8
1.0
118.1
80.2
2.9
137.4
93.3
4.8
133. 5
91.8
3.5
131.1
90.5
5.6
127.2
87.3
1.6
125 1
84. 1
4 2
116 9
80 4
3 4
102 2
73.9
3 3
90 7
63.9
18
do
1, 364. 0
I, 403. 0
1, 403. 0 1, 434. 0 1, 370. 0 1. 368. 0
1, 375. 0
1, 340. 0
1 323 0
1 180 0
71.3
68.5
49.0
3.2
16.3
2.8
72.3
71.4
52.5
3.4
15.4
.9
10? 9
102. 1
80 6
4 1
17 4
.8
97 4
96.7
76 4
37
16 6
.7
95
92
71
3
17
3
88
86
66
4
15
2
Residential construction authorized, all permit-issuing
places:
New dwelling units total
thousands
Privately financed, total
do
Units in 1-family structures
do
Units in 2-family structures
do
Units in multifamilv structures
do
Publicly financed, total
do
109 6
108. 4
81 4
5.5
21 5
1.2
122.9
119.1
88.4
5.3
25.3
38
113 6
110. 6
84 1
4.8
21 7
2.9
112 9
109.4
85 2
4 4
19 7
35
8
8
7
9
2
0
9
0
5
3
3
9
r
CONSTRUCTION COST INDEXES
Department of Commerce composite J
1947 49—100
American Appraisal Co., The:
Average, 30 cities
1913—100
Atlanta
do
New York
do
San Francisco
do
St. Louis
do
Associated General Contractors (all types)
do
E. IT. Boeckh and Associates :1
Average, 20 cities:
Apartments, hotels, and office buildings:
Brick and concrete
U.S. avg. 1926-29= 100__
Brick and steel _
do
Brick and wood
do
Commercial and factory buildings:
Brick and concrete
do
Brick and steel
.
__
do
Brick and wood
do
Frame
_ do
Steel
do
Residences:
Brick
do
Frame.
_
__
do _
Engineering News-Record:©
Building
1947-49-100
Construction
do
Bu. of Public Roads— Highway construction:
Composite standard mile (avg for qtr ) 1946—100
139
140
140
140
141
142
142
142
143
142
143
144
143
693
756
753
641
672
505
693
765
753
641
672
506
694
768
753
641
672
507
696
768
753
644
672
509
703
771
754
658
688
511
705
771
755
658
688
516
707
771
769
658
689
522
709
771
769
659
690
522
709
772
776
660
689
525
712
778
778
669
690
526
713
779
778
669
690
526
714
779
778
670
690
520
714
779
778
070
091
527
527
301. 1
291.9
288.5
301.2
292. 1
289.3
301.4
292. 2
289.5
302.8
293.5
290.9
304.7
295.2
292 3
307.6
297.5
294.3
308.4
298. 2
295.0
308.9
298.6
295 3
309.2
298 8
295 5
309.1
298 8
295 4
309.6
299.2
295 9
310.1
300.3
296 3
310.5
300. 0
290 5
312.2
302. 6
298.1
312.8
310.7
288.9
284. 5
295.9
312.9
310.9
289.5
285.7
296.0
313.0
311.0
289. 7
286.0
296.1
314.7
313.0
290.8
287.7
298.6
316.7
314. 7
292. 3
289.1
299. 9
319.7
317.3
294.1
291.1
301.7
320.5
318.0
294.7
291.8
302.2
321.0
318. 4
295.0
292. 0
302.5
321 2
318.6
295 1
292.2
302 6
321 2
318. 6
295 0
292.2
302 6
321 6
319.0
295.5
292.6
302.9
322.2
319.6
296. 1
293.2
303.8
322 7
320.0
290 3
293. 6
304 0
324.0
321.5
298. 4
294. 6
305. 1
289.2
279.1
290.0
280.2
290 2
280. 4
291. 6
282.0
293 1
283.3
295 0
285.0
295 6
285. 6
296 0
285.9
296 2
286.1
296 2
286.1
296 6
286.5
297 3
287. 2
297 6
287. 5
299 1
288.8
158. 9
171.9
159.8
172.5
160.6
173.2
161.0
174.5
162.2
175.5
163.2
178.1
163.9
179. 1
164.4
179.4
164 3
179.1
163.9
178.8
163. 5
178.5
164. 0
179.3
104.3
179. 4
104. 2
179.6
140.8
137.1
r
138 2
137 3
CONSTRUCTION MATERIALS
Output index, composite, unadj. 9 ©
1947-49=100__
Seasonally ad justed 9 ©
do
Iron and steel products, unadj. ._
do _
Lumber and wood products, unadj.©
do
Portland cement, unadj
do __
116. 1
124.2
109.8
121.5
111.3
114.3
129.5
110.0
119.0
100. 0
137. 6
142.7
140. 0
131.4
145. 5
149.9
147.5
160. 8
142.6
174.0
152. 1
141. 9
162. 1
141.5
200.0
161. 6
151. 1
191. 2
144.3
200.1
136. 1
140. 0
106. 1
135.3
204.5
132.8
119.6
73.9
144.3
208.2
131,7
125 2
64.1
146.0
195.0
506. 322
238, 320
529, 826
260, 493
490, 161
230, 597
477. 597
211, 489
520, 515
221, 169
523, 850
227 297
503, 596
202 142
510, 029
220 711
r
r
r
130. 7
115 1
65. 3
150 8
186.2
116. 1
122 0
87. 7
130 3
156.1
129 8
144.2
447, 928
219 605
450, 999
241 176
417.016
195 331
T
REAL ESTATE
Home mortgages insured or guaranteed byFed. Hous. Adm.: Face amount
thous. of dol_. 585, 280
276, 178
Vet Adm • Face amount
do
Federal Home Loan Banks, outstanding advances to
1,146
member institutions
mil of dol
New mortgage loans of all savings and loan associa1,013
tions, estimated total
___ mil. of dol_
By purpose of loan:
317
Home construction
__do
442
Home purchase
do
254
All other purposes
._ _ do
New nonfarm mortgages recorded ($20,000 and under),
2 352
estimated total
_
._
mil. of dol
3, 801
Nonfarm foreclosures
_number._
112,983
Fire losses
thous of dol
r
523, 314
237 577
1,101
1,087
1,183
1,246
1, 537
1 557
1 665
1 795
1 916
1 963
2 134
1 740
1,012
1,257
1,359
1,434
1, 555
1,529
1,421
1,374
1, 329
1,086
1,094
881
326
429
257
439
515
303
480
562
317
522
601
311
554
674
327
520
695
315
472
662
287
450
645
278
465
590
274
373
486
227
377
465
252
292
386
203
2, 245
3, 307
98, 120
2, 586
3, 933
99, 610
2,776
3,841
90, 689
2,768
3.876
81, 597
2, 974
3, 946
77, 867
3.100
3, 768
82. 334
2,871
3,494
74 660
2,834
3,421
83 027
2, 799
2,442
2, 487
71 160
78 582
90 444
99 949
l
2
Revised.
Includes contracts in Alaska and Hawaii; comparable figure for February 1959 is $1,318 million.
Negative figure due to termination of contract reflected in earlier data.
§Data for January, April, July, October, and December 1959 arc for 5 weeks; other months, 4 weeks.
c^Data for April, July, and September 1959 are for 5 weeks; other months, 4 weeks.
tMinor revisions prior to 1958 are available upon request.
^Copyrighted data; see last paragraph of headnote, p. S-l.
OData reported at the beginning of each month are shown here
for the previous month.
9Includes data for items not shown separately.
©Revisions for 1955-58 for the composite index of construction materials output and for lumber and wood
products are in the September 1959 SURVEY (p. 20) and the February 1960 SURVEY (bottom p. S-8).
SURVEY OF CURRENT BUSINESS
March 1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-9
1959
January
February
March
April
May
June
1960
July
DecemAugust SeptemOctober November
ber
ber
January
February
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, seas, adjusted:
Combined index
1947-49=100
Business papers
_
- do
Magazines
do
215
232
162
219
225
165
219
232
157
230
232
164
226
243
165
225
235
171
233
226
185
222
235
175
230
241
173
242
242
195
224
244
184
230
235
180
do
do
do
1950-52—100
168
135
28
444
177
154
24
461
181
127
28
474
205
157
36
467
198
165
30
458
200
156
27
471
217
159
24
474
208
165
19
437
216
149
20
462
213
188
24
484
167
158
21
492
206
121
25
487
Television advertising:
Network:
Gross time costs, total
thous of dol
Automotive, including accessories
do
Drugs and toiletries
do
Foods, soft drinks, confectionery
do
52, 076
3,884
15,370
12, 064
48, 885
3, 632
13, 863
10, 848
55. 559
4,009
15, 468
11,643
52, 126
4,154
13, 874
9,999
51,919
3,987
14,470
9,853
48, 086
3, 406
14, 415
9, 353
47, 544
3,000
13, 931
9,601
46, 641
3,271
13, 404
8,971
48, 269
3, 107
13, 525
8,679
59, 031
5,407
16, 525
11, 921
58, 138
4,978
15, 704
10, 922
5, 453
6, 764
8,541
5, 421
6,112
9, 010
6,123
7,025
11, 290
6,019
6,059
12, 022
5, 459
6,138
12, 013
5,323
5,829
9,759
5, 597
6,189
9,226
5,153
6,352
9,490
5, 622
5,996
11, 339
6,011
6,020
13, 147
5, 364
6, 108
15, 062
Newspapers
Outdoor
Radio (network)
Television (network)
Soaps, cleansers, etc
- Smoking materials
All other
Spot:
Gross time costs Quarterly total
Automotive, including accessories
Drugs and toiletries
Foods, ^oft drinks, confectionery
Soaps, cleansers, etc
Smoking materials
All other
-
-do
do
do
_ _ _ _
__. _
Magazine advertising:
Cost, total
Apparel and accessories
Automotive, incl accessories
Building materials
Drills and toiletries
Foods soft drinks confectionery
Beer wine liquors
Household equip., supplies, furnishings
Industrial materials
Soaps, cleansers, etc
Smoking materials
All other
Linage, total
_ _
_
_ _
do
do
do
do
156 419
1,816
33, 039
54, 125
do
do
do
21, 268
8,109
38, 062
904
744
491
023
23, 322
7 770
44, 554
do
do
do
do
do
do
41, 070
1,767
4, 950
1,005
3,740
5, 578
56, 400
2,935
4,644
2,783
5,827
9,071
70, 080
4,888
7,428
3,317
6,723
9,145
73, 862
5,244
7,973
4, 635
6,038
8,042
73, 922
5,042
8,437
3,724
6, 501
8,316
66, 405
2, 669
7, 645
3,423
7,351
9,128
46, 054
683
4,870
1, 674
5, 566
7,926
51, 025
4,483
4,250
1,404
5,157
8,292
69, 709
7,482
3,828
4,778
6,325
7,782
90, 211
5,846
12, 806
3,603
7,839
11,036
86, 117
5,424
9,483
2,514
8,235
11, 807
60, 820
3,444
4, 332
1,101
6,147
8,905
do
do
do
do
do
do
1,713
2, 271
2, 455
394
1,777
15, 421
2,965
3, 681
2,894
880
2,290
18, 429
4,326
5,306
3,816
1,322
2, 426
21, 384
3,931
7, 674
4,409
1,392
2,082
22, 441
4,195
7,797
4,690
1,046
2, 366
21, 809
4,224
5, 963
4,423
1,002
2,546
18, 031
3,587
3,014
3,675
608
1,882
12, 569
3,127
3,554
3,539
479
2,448
14, 292
4,135
6 002
4,826
691
2,518
21, 343
5, 523
9, 014
5,977
1, 075
2,354
25, 138
6,014
7, 655
5,733
942
2,237
26, 074
7,515
5,010
3,794
547
2, 365
17, 661
thous. of lines
Newspaper advertising linage (52 cities), total. _ _ d o
Classified
do
Display, total
_
_ do
Automotive
Financial
General
Retail
158
5
26
51
do
do
do
do
4, 069
4,510
5,320
5,278
4,747
4,067
3,420
4,603
5, 434
5,792
5,244
4,061
4,283
1 93, 525
51,738
141,787
196, 096
50, 742
145, 353
236, 459
59, 326
177, 134
255, 002
63, 152
191,850
263, 826
68, 279
195, 547
236, 972
63, 289
173, 682
220, 351
63, 390
156,961
234, 381
67, 880
166, 501
246, 914
64,199
182, 715
271, 255
64, 780
206, 474
259, 509
59, 382
200,127
250, 948
51,416
199, 532
212, 027
60, 047
151,980
8, 853
5,721
22, 058
105, 155
9,172
3, 598
27, 607
104, 976
12, 150
4,801
30, 720
129, 463
15,710
4,783
35, 590
135, 767
16, 603
4,091
35, 738
139, 115
15, 514
5,212
31, 373
121, 584
14, 398
5, 035
25, 831
111, 698
12, 959
3,399
24, 390
125, 754
12, 245
4,014
32, 411
134, 045
18,409
4,780
38, 403
144, 882
9, 757
4, 286
32 9?7
153, 158
9,310
4, 985
26 533
158, 703
10, 590
6,420
21,838
113,132
PERSONAL CONSUMPTION EXPENDITURES
Seasonally adjusted quarterly totals at annual rates:
Goods and services, total
bil. of doL
Durable goods, total Q ...
_._ _
Automobiles and parts
Furniture and household equipment
Nondurable goods, total 9 — - Clothing and shoes
Food and alcoholic beverages
Gasoline and oil
Services, total 9
Household operation
Housing
Transportation
_
do _
do
do
_ _ d o __
do
do
do
_ _ _ _ _ _ _
_
_ _
do _
do
do _ _ .
do
303.9
311.2
313.3
317.0
41.3
17.2
17.7
44.1
18 8
18 8
43.6
18 2
18.9
42.8
17.2
18 8
145.3
26.7
77.8
11.0
147.7
27.8
79 0
11.1
148.0
27.8
78 8
11.3
150. 1
28.3
79.5
11.4
117.4
17.3
39.6
119.4
17.6
40.3
9.3
121.6
17.8
41.0
124.1
18.1
41.8
9.3
9.6
9.5
RETAIL TRADE
All retail stores:
Estimated sales (unadjusted), total
mil. of dol_-
Durable goods stores 9
__do
Automotive group
do
Motor- vehicle, other automotive dealers_do
Tire, battery, accessory dealers
do _
Furniture and appliance group
Furniture, homefurnishings stores
Household-appliance, TV, radio stores
do
do
do __
Lumber, building, hardware group- _ _ _ do ..
Lumber, building-materials dealers
do
Hardware stores
- do -
16, 225
14, 961
17, 190
17, 589
18, 600
18, 708
18, 332
18, 054
17, 570
19, 095
17, 635
21, 454
1r
5, 121
3,017
2, 856
161
4,927
2,899
2,748
151
5,831
3,464
3,283
181
6,208
3, 566
3,349
217
6, 435
3, 696
3,472
224
6,826
3,880
3, 641
239
6,419
3,579
3,343
236
6,240
3,410
3,178
232
5,708
2,878
2,668
210
6,420
3,520
3,293
227
5, 502
2,807
2,596
211
6,025
2,723
2,456
267
1r
784
486
298
746
475
271
808
521
287
839
555
284
899
585
314
978
619
359
916
574
342
942
596
346
921
573
348
988
623
365
992
634
358
1,229
748
481
'772
478
294
697
523
174
684
517
167
844
651
193
1,041
796
245
1,093
830
263
1,138
876
262
1,135
895
240
1,092
863
229
1,093
866
227
1,104
861
243
955
736
219
981
692
289
700
529
171
11, 104
11,359
10, 034
11,882
11,381
12, 165
Nondurable goods stores 9
do
868
996
750
1, 101
Apparel group
do
1,128
1,077
172
179
138
226
171
Men's and boys' wear stores
do _
213
359
322
461
455
410
417
Women's apparel, accessory stores _ . _ _ do _
242
183
218
246
160
257
Family and other apparel stores
do
154
199
182
130
Shoe stores
___
_ do
208
218
r
Revised.
1 Beginning January 1960, data for Alaska and Hawaii a re includ()d.
2 A dvance es timate.
11,814
11,913
12, 675
11, 862
925
1,198
958
1,120
184
220
172
190
471
378
356
428
214
298
230
275
209
178
227
171
9 Inclucles data n ot shown separately
12, 133
1,170
237
451
294
188
16,346
2 15, 788
5, 082
'3,012
2,840
172
2 2 5,200
3, 135
2
764
15, 429 ''II, 264 2 10, 588
1,975
'930
2781
432
197
776
364
497
201
270
168
SUEVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
March 1960
1959
January
February
March
April
May
June
1960
July
DecemAugust SeptemOctober November
ber
ber
January
February
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All retail stores— Continued
Estimated sales (unadjusted)— Continued
Nondurable goods stores — Continued
Drug and proprietary stores
mil.
Eating and drinking places
Food group
Grocery stores
_ _ _
Gasoline service stations
of dol
do
do
do
do
General merchandise group 9
-- - do Department stores, excl. mail-order
do
Mail-order (catalog sales)
do
Variety stores
_-. _ _ . . _
do._
Liquor stores
_ _
do ._
581
1,158
4,382
3,914
1,282
534
1,070
3,869
3, 445
1,197
580
1,157
4,108
3,658
1,318
559
1,215
4,157
3,714
1,348
591
1,336
4,437
3,966
1,427
582
1,372
4,271
3,797
1, 450
579
1,457
4,481
3,999
1,516
587
1,458
4,295
3,823
1,504
591
1,378
4, 215
3, 746
1,419
608
1,374
4,594
4,115
1,462
575
1,276
4,173
3,708
1,433
783
1, 350
4,698
4.158
1,437
1,444
842
108
223
354
1, 359
768
114
232
324
1,733
986
134
300
356
1,774
1,044
132
262
345
1,892
1,096
137
299
382
1,879
1,107
126
301
373
1,701
970
120
287
403
1,843
1,057
138
304
396
1,917
1,126
147
306
385
2,107
1,255
159
410
2,190
1,302
203
327
397
3, 552
2,056
260
682
604
'628
1, 238
'r 4, 335
3, 863
r
1, 354
T
r 1, 496
r 869
111
i
i
i
*
i 614
1, 163
4, 059
3, 608
1, 275
i 1. 460
1832
230
353
17, 455
17, 575
17, 914
17, 953
18, 222
18, 18-9
18, 296
18, 110
17, 784
18, 341
17, 842
17, 485 2 r 18, 142
i 18, 056
Durable goods stores 9
._do _
Automotive group
do
Motor-vehicle, other automotive dealers. do
Tire battery accessory dealers
do
5, 836
3,258
3,047
211
5,869
3,249
3,045
204
6,045
3,340
3,128
212
6,137
3,396
3,175
221
6,099
3,375
3,155
220
6,162
3,476
3,268
208
6, 160
3,454
3,249
205
6,095
3,350
3,135
215
5,773
3,105
2,894
211
6. 360
3, 690
3, 475
215
5,682
2, 961
2,740
221
5,328 2 t 5, 895
3, 237
2.667
2,457
3,003
210
234
i 6, 004
Furniture and appliance group
-_ do _
Furniture, homefurnishings stores
_ _do
Household-appliance, TV, radio stores do
880
549
331
889
562
327
902
570
332
918
600
318
940
599
341
936
603
333
929
589
340
952
593
359
928
586
342
924
578
346
935
588
347
903
570
333
905
564
341
Lumber, building, hardware groupLumber, building-materials dealers
Hardware stores
904
676
228
979
745
234
1,011
782
229
1,047
799
248
1,034
' 787
247
991
756
235
1,009
780
229
988
758
230
964
745
219
951
728
223
971
755
216
988
773
215
969
734
235
do
_ _ do _..
do
do .
do. _.
do
11,619
1,032
188
422
232
190
11, 706
1,082
197
450
241
194
11, 869
1,106
201
447
261
197
11,816
1, 059
203
427
241
188
12, 123
1, 154
228
454
273
199
12, 027
1,100
217
435
260
188
12, 136
1,134
225
441
268
200
12, 015
1,096
217
437
257
185
12, Oil
1,111
213
435
260
203
11,981
1,080
203
433
252
192
12, 160
1,119
215
439
268
197
do
do
do
_ do ._.
do__-
579
1,262
4,243
3, 767
1,367
569
1,243
4,274
3,806
1,368
592
1,240
4,320
3.848
1,376
579
1,283
4,292
3,836
1,381
592
1,304
4,342
3,875
1,386
596
1,312
4,300
3,833
1,388
592
1,324
4,289
3,815
1,404
600
1,295
4,305
3,834
1,392
618
1,319
4,267
3,768
1,411
609
1,335
4,294
3,828
1,435
607
1, 306
4,390
3,916
1,438
612
1,351
4,363
3,886
1,423
635
1,352
4,411
3,922
1,447
do
do
do _
do
do . _
1,826
1,077
136
297
376
1,855
1,072
144
319
387
1,883
1,078
143
320
400
1,935
1,110
149
307
388
2,000
1,146
152
330
388
1, 961
1,151
136
322
410
2,030
1,186
146
337
411
1,989
1,183
150
315
398
1,958
1,142
149
323
395
1,940
1,139
149
312
388
1, 966
1,141
157
332
401
1,991
1,157
154
327
386
1,971
1,158
146
320
393
do
_ _ _ do.-_
do__
23, 400
10, 920
12, 480
24, 030
11,210
12, 820
24, 680
11, 590
13, 090
25, 270
11, 930
13, 340
25, 010
11, 940
13, 070
24, 640
11, 830
12, 810
24, 640
11, 870
12, 770
24, 520
11,370
13. 150
24, 270
10, 660
13, 610
25. 130
11, 130
14, 000
r
do
do
do _
do
do
24, 190
11,010
4,420
1,960
2,240
24, 120
10, 970
4,400
1,960
2,210
24, 150
11, 120
4,580
1,940
2,220
24, 460
11,290
4,760
1,920
2,230
24, 510
11,450
4,920
1,940
2,240
24, 800
11, 660
5, 060
1, 960
2,260
25, 090
11, 900
5,240
1,990
2,300
24, 800
11,620
4,930
2,010
2,300
24, 770
11, 500
4,830
2,000
2,290
24, 710
11,590
4,960
1,990
2,290
r 24, 230
11.010
4,380
2,010
2,290
' 24, 310
do _ _ _
do.__
do
do
13, 180
2,740
2,890
4,130
13, 150
2,730
2,880
4,070
13, 030
2,660
2,890
4,030
13, 170
2,720
2,920
4,060
13,060
2,690
2,930
4,040
13, 140
2,720
2,920
4,120
13, 190
2,720
2,960
4,150
13, 180
2,740
2,940
4,170
13, 270
2,760
2,940
4,220
13, 120
2,700
2,920
4,130
r 13, 220
' 2. 730
2,920
« 4, 200
r
do
3,970
3,608
4,181
4,181
4,504
4,398
4,316
4,298
4,371
4,836
do
3,420
3,113
3,626
3,643
3,932
3,832
3,778
3,777
3,833
Apparel group 9
JVTen's and boys' wear stores
\Vomen's apparel accessory stores
Shoe stores
do
do
do
do
179
16
74
55
160
12
69
50
278
18
114
92
224
16
97
70
259
20
113
82
256
20
106
82
207
16
89
68
215
14
97
67
Drug and proprietary stores
Eating and drinking places
Furniture homefurnishings stores
do
do
do
93
69
33
87
67
35
98
75
39
92
76
41
99
80
39
99
83
39
100
88
36
do
do
do
_._do
do
do
870
524
168
1,676
48
62
826
477
176
1,470
48
59
1,063
614
233
1,542
59
69
1,088
673
201
1,565
70
82
1,165
705
231
1,697
76
89
1,174
720
235
1,572
82
89
do
3,727
3,772
3,805
3,815
3,935
Apparel group 9
iMen's and boys' wear stores
\Vomeri 's apparel accessory stores
Shoe stores
do
do
do
do
240
19
105
74
250
19
109
76
251
18
106
81
232
17
102
70
Drug and proprietary stores
Eating and drinking places
Furniture homefurnishings stores
do
do
do
98
75
40
97
77
42
101
77
41
96
78
42
Estimated sales (seasonally adjusted), totaL-do
Nondurable goods stores 9
Apparel group
._
Men's and boys' wear stores
Women's apparel, accessory stores
Family and other apparel stores.
Shoe stores
Drug and proprietary stores _
Eating and drinking places
Food group
Grocery stores
Gasoline service stations . _
_ _
General merchandise group 9
Department stores, excl. mail-order
Mail-order (catalog sales)
Variety stores
Liquor stores
Estimated inventories, end of month:
Book value (unadjusted), total
Durable goods stores
._
Nondurable goods stores
Book value (seas, adj.), total _
Durable goods stores 9
Automotive group .
Furniture and appliance group
Lumber, building, hardware group
Nondurable goods stores 9 -Apparel group
Food group
General merchandise group
Firms with 4 or more stores:
Estimated sales (unadjusted) total
Firms with 11 or more stores:
Estimated sales (unadjusted), total 9
General merchandise group 9
Department stores excl mail-order
Variety stores
Grocery stores
Lumber building-materials dealers
Tire battery accessory stores
Estimated sales (seas adj ) total 9
do
do
do
General merchandise group 9
do
Department stores excl mail-order
do
Variety stores
do _ _
Grocery stores
do
Lumber, building-materials dealers
do
Tire, batterv. accessorv stores
do
T
c
Revised.
Corrected.
i Advance estimate.
r
25, 190
10, 950
14, 240
12, 157 2 r 12, 247
1,150
1, 162
219
' 228
454
452
277
268
214
200
'r 23, 370 23, 640
11, 170
10, 660
' 12, 710 12, 470
4,260
2,010
r 2, 330
24, 480
11, 250
4,540
2,000
2,350
13, 330
' 2, 780
' 2, 940
r 4, 280
13, 230
2,740
2,960
4,240
4,559
6,249
2 3, 986
4,243
3,995
5,480
2
267
16
111
90
273
20
114
82
269
23
113
76
461
42
205
122
191
16
75
64
98
87
39
99
84
38
101
83
39
98
76
41
160
81
44
101
76
25
1,063
636
221
1,679
82
88
1,164
687
236
1,580
81
86
1,199
721
234
1,562
80
78
1,318
799
252
1,807
88
1,370
809
256
1,558
65
78
2,220
1,241
533
1,794
58
106
903
543
174
1,670
46
63
3,897
3,984
3,972
3,929
3,921
3,934
3,939
2 3, 989
256
20
109
78
253
20
108
75
266
22
109
81
254
20
107
74
259
19
110
81
248
18
106
78
258
19
108
82
267
20
116
81
267
20
112
88
101
79
40
101
80
40
102
83
39
103
81
39
103
81
39
101
79
34
104
79
37
108
78
37
108
83
85
1, 205
1,209
1,289
1,214
1,211
1,154
1,273
1,233
1,249
1,198
1,125
1,145
709
698
717
726
778
778
748
737
716
671
666
669
252
251
244
261
248
247
253
260
248
236
242
228
1,651
1, 652
1,649
1,654
1, 635
1,619
1,602
1,610
1,629
1,607
1,575
1,599
68
72
67
66
72
68
71
64
71
70
70
62
80
83
82
86
82
80
77
83
81
83
79
80
2 Beginning January 1960, data for Alaska and Hawaii are included.
9 Includes data not shown separately.
1,218
724
246
1,688
65
84
r 10, 980
3, 468
i 12, 052
SURVEY OF CURRENT BUSINESS
March 1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-ll
1959
Janu-
Febru-
ary
ary
March
April
May
1960
June
July
Janu-
DecemAugust SeptemOctober November
ber
ber
ary
February
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Department stores:
Accounts receivable, end of month :|
Charge accounts
__ ^1947-49= 100Installment accounts
do
Ratio of collections to accounts receivable:
Charge accounts
percent
Installment accounts
do
Sales by type of payment:
Cash sales
- -_ percent of total sales _ _
Charge account sales
do
Installment sales
do
Sales, unadjusted, total U.S
Atlanta
Boston
Chicago
Cleveland
Dallas
Kansas City
_
-
do. ..
do
-do
do
do
do
_
___
- -
165
381
158
373
156
367
158
366
155
368
145
363
146
371
157
380
168
388
186
405
249
458
214
463
47
15
46
15
48
16
47
15
47
15
49
16
47
15
46
15
47
15
48
15
48
15
47
15
45
14
44
4!
15
43
43
14
43
43
14
43
43
14
43
43
14
44
41
15
44
41
15
44
41
15
42
43
15
42
43
15
43
42
15
44
42
14
43
41
16
106
107
125
130
141
137
121
132
145
150
176
''260
p 111
' 136
138
90
96
103
126
113
167
103
114
117
151
134
165
114
123
123
157
141
175
124
134
132
172
154
162
118
130
127
360
147
157
95
111
115
155
135
177
103
124
126
176
156
173
132
138
135
160
155
186
131
142
139
177
161
217
154
164
170
208
179
••325
p 139
v 99
p 102
P 105
P I3r>
p 111
99
100
102
114
109
119
119
112
124
138
128
132
122
116
128
139
129
138
127
126
138
156
149
146
135
125
132
146
130
151
107
100
108
129
120
143
131
102
112
138
138
157
146
132
140
156
144
154
150
141
144
166
151
154
147
170
183
190
177
180
r 230
v 99
p 108
p 108
p 115
r
1947-49=100
__ _
_ _ _
Minneapolis
N e w York
Philadelphia
Richmond
St Louis
San Francisco
196
392
-
do
_ .do
do
_ do
do
do
Sales seasonally adjusted total U S
94
94
96
r 132
112
93
' 103
101
113
105
r
120
do
138
140
138
141
144
144
150
149
143
144
145
do
do
do
do
do
do
r 174
119
124
124
167
150
168
120
129
133
162
155
167
116
129
128
166
156
175
120
130
132
169
150
182
124
135
136
173
158
186
118
133
135
176
154
190
133
140
142
174
154
196
132
139
143
189
163
180
124
132
135
167
154
178
130
135
135
170
155
187
127
134
138
182
154
127
129
136
M59
' 141
150
133
127
134
159
141
155
141
123
129
146
144
155
127
126
142
156
138
153
131
130
139
158
148
154
139
128
140
157
140
161
134
138
148
161
146
161
139
133
135
161
154
162
137
129
137
149
146
154
130
133
141
158
' 148
153
128
133
140
153
149
156
do
- - do
r
!37
152
143
150
153
148
158
151
153
151
148
156
148
159
156
160
168
161
177
158
bil. of dol _
do
- _ _ do
11.1
3.8
7.3
10.7
6.8
11.9
4.5
7.5
12.2
4.7
7.6
12.3
4.8
7.5
12.8
5.1
7.7
12.7
4.9
7.8
12.2
4.7
7.5
13.0
4 9
8.1
Inventories, estimated (unadj.), total _ _ _- -_ do-- Durable goods establishments
do
Nondurable goods establishments
. _ _ do
11.8
6.2
5.6
11.9
6.4
5.6
12.0
6.5
5.6
12.0
6.5
5.5
12.2
6.6
5.6
12.4
6.7
5.7
12.4
6.7
5.7
12.4
6.6
5.9
12.6
6. 5
6.1
Atlanta
Boston
Chicago
-Cleveland
Dallas
Kansas City
Minneapolis
New York
Philadelphia
Richmond
_
St Louis
San Francisco __
_
--
-
_
_ _
-
Stocks, total U.S., end of month:t
Unadjusted
Seasonally adjusted _
- do
do
do_
do
- do
do
r
r
r
251
'233
252
291
r
267
245
' 257
290
250
281
p in
p 122
148
p 146
188
138
p
p
p
P
P
P
178
12t>
134
139
172
14--')
158
143
158
p
p
p
p
P
p
135
135
146
162
150
153
182
160
146
161
P 143
p 160
13.0
4 8
8.1
12.5
4.6
7.9
13.0
4 6
11 3
4 1
7 2
12.8
6.5
6.3
12.9
6.4
6.4
r
137
144
168
154
r
T
p 106
138
138
140
» 140
WHOLESALE TRADE
Sales, estimated (unadj.), total- .__
Durable goods establishments
Nondurable goods establishments
_
0
Q
8.4
r
12.6
6 4
12 7
6 5
6 2
r
6.2
EMPLOYMENT AND POPULATION
POPULATION
Population, United States:
Total, incl armed forces overseas §
.
thousands
175, 591 *175 969
U76 188
1
176,421
1
176,639 !176 865
177 103
]
177 374 U78 252 U78 522
1178 782 1179 017 i 179 245 1 179 452
1
EMPLOYMENT
Noninstitutional population, estimated number 14
years of age and over, total cf
thousands
Total labor force, including armed forces
Civilian labor force, total Employed _
_
Agricultural employment
Nonagricultural employment _
Unemployed
Percent of civilian labor force:
Unadjusted
Seasonally adjusted©
Not in labor force
122, 724
122, 832
122, 945
123, 059
123, 180
123, 296
123 422
123 549
123 659
123 785
123 908
do
70, 027
70, 062
70, 768
71,210
71, 955
73, 862
73, 875
73, 204
72, 109
72, 629
71, 839
71, 808
2
_ do
do
do
do
do
67, 430
62 706
67, 471
62 722
68 189
63 828
69, 405
66 016
58, 030
4 749
58, 625
4 362
59, 608
3 389
71 324
67 342
7,231
60 111
3 982
71 338
67 594
58, 013
4 724
68, 639
65 012
5, 848
59, 163
3 627
60 769
3 744
70 667
67 241
6, 357
60 884
3 426
69
66
6
60
3
577
347
242
105
230
70 103
66 831
6, 124
60 707
3 272
69 310
65 640
5,601
60 040
3 670
69 276
65 699
4 811
60 888
3 577
2 68 168
2 64 020
2 4' 611
2 59 409
2 4 149
7.0
6.0
7.0
'5.9
5.3
5.1
4.9
4.9
5.6
5. 1
5.2
5.1
5.4
4 6
5.6
4 7
6.0
5.3
'5.9
52, 697
52, 770
52, 177
51, 849
51, 225
49 435
49, 547
50, 345
51 550
51, 155
52 068
50, 310
15 674
50, 315
15 771
50, 878
15 969
9,217
51, 430
16, 034
9,314
51, 982
16, 187
52, 580
16 455
9,581
52, 343
16 410
52, 066
16 169
9 058
7, 111
52, 648
16 367
9 225
7 142
52, 569
16 197
9, 168
52, 793
16 280
9 313
_ _ _ _ thousands
Employees in nonagricultural establishments (USDL) :
Total, unadj. (excl. Alaska and Hawaii) A-thousands.
Manufacturing
do
Durable goods industries.
do
Nondurable goods industries __
do
Mining, total
do
Metal
__
_
do
Anthracite
__
. do .
Bituminous coal
do
Crude-petroleum and natural-gas production
thousands. Nonmetallic mining and quarrying _ _ _ do- .r
4,693
4,692
5,203
r
6.4
5.7
r
6,408
r
6,825
r
4 8
T
5 2
5 5
52 225
6,711
6,752
6,720
6,874
9,523
6,887
704
94
20
192
693
94
18
188
688
94
16
180
694
96
15
176
701
97
15
176
713
98
15
178
710
97
17
171
639
62
15
136
620
47
16
136
621
47
16
145
660
67
16
164
r 668
296
103
292
101
294
104
297
110
301
112
309
113
311
114
310
116
306
115
299
114
298
114
297
112
9,060
7,029
6,967
70, 689
2
70, 970
2 68 449
2 64 520
2 4 619
2 59 901
2 3 931
6 1
5 2
2 5 7
2
4 8
2 53 917
2 53 746
2
2
' 53, 756 r 52, 078 p 52, 012
r iQ 484 r 16 467 P 16 499
r
r 9 645 p 9 671
9 577
T
r
6 907
6 822 P 6 828
9,443
6,744
8,990
6,684
2
Revised.
p Preliminary.
1 See note marked "§".
See note marked "cf".
tRevisions for January 1919-December 1954 appear on p. 27 of the May 1959 SURVEY.
r 656
•p 661
70
16
174
t Revised beginning August 1959 to include data for Hawaii.
§Estimates for Alaska and Hawaii are included effective with February 1959 and September 1959,
ployed persons, 266; nonagricultural employment, 229.
ATotal employment in U.S., including Alaska and Hawaii (thous.): 1959—December, 53,989; 1960—January, 52,302; February, 52,236.
124 034 2 124 606 2 124 716
SUEVEY OF CUEKENT BUSINESS
S-12
March 1960
1960
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
January
February
March
April
May
June
July
SeptemAugust
October
ber
Novem- December
ber
January
February
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Employees in nonagricultural establishments, unadjusted (U.S. Dept. of Labor) — Continued
Contract construction.
thousands-Transportation and public utilities 9 __ __ do
Interstate railroads
do
Local railways and bus lines
do
Trucking and warehousing
do
Telephone
do
Gas and electric utilities
do
2,343
3, 836
929
93
803
706
572
2, 256
3,835
931
93
810
705
571
2,417
3,865
936
93
823
704
569
2,662
3,879
943
92
828
704
572
2,834
3,914
957
92
841
704
573
2,986
3,944
968
93
854
706
575
3,035
3,949
960
92
856
712
586
3, 107
3,922
928
92
855
711
588
3,043
3,927
906
92
881
708
584
2,961
3.910
893
92
898
703
578
2,856
3,912
898
92
893
703
577
' 2, 699 ' 2, 447 P 2, 377
' 3, 940 ' 3, 882 * 3, 881
920
91
897
701
576
Wholesale and retail trade
Wholesale trade
Retail trade 9
General merchandise stores
Food and liquor stores
Automotive and accessories dealers
do
_do
do
do
do
do
11,052
3,028
8,024
1 397
1 583
766
10, 990
3,025
7, 965
1 349
1 598
768
11,083
3,019
8, 064
1 388
1 599
772
11,136
3,024
8, 112
1,388
1 605
782
11,234
3,026
8,208
1 416
1 611
788
11,352
3,054
8 298
1 422
1 617
796
11, 324
3, 069
8 255
1 397
1 600
799
11, 360
3,081
8,279
1 408
1 604
801
11,464
3,097
8,367
1 463
1 612
799
11,551
3,121
8,430
1, 521
1,627
802
11, 723
3,141
8,582
1,628
1,646
804
' 12, 345 r 11,440 p 11, 351
' 3, 155 '3, 114 v 3. 124
' 9, 190 ' 8, 326 P 8, 227
2,025
1, 663
815
Finance, insurance, and real estate _ .
Service and miscellaneous 9
_
Hotels and lodging places
Laundries
Cleaning and dyein^ plants
Government
do
do
do
do
do
do
2,363
6,314
461
307
166
8,024
2,371
6,333
467
304
165
8,066
2,386
6,377
469
305
167
8,093
2,403
6,511
494
308
171
8,111
2,413
6,583
504
312
176
8, 116
2,442
6 623
533
317
176
8,065
2,475
6, 603
603
318
169
7,837
2,474
6, 582
603
316
166
7,813
2,452
6,617
522
313
170
8, 158
2,441
6,614
476
312
174
8,274
2,438
6,593
470
311
175
8,331
2,438
P 2, 440
r 2, 431
' 6, 547 ' 6, 469 P 6, 483
463
309
173
* 8, 635 ' 8, 286 p 8, 320
51,086
15, 764
9,007
6,757
51, 194
15,819
9,049
6,770
51,456
16, 006
9,192
6,814
51,887
16, 182
9,319
6,863
52, 125
16, 372
9,462
6,910
52, 407
16, 527
9,573
6, 954
52, 558
16, 580
9,635
6,945
52, 023
16, 037
9,094
6,943
52, 154
16, 141
9,214
6,927
52, 002
16, 022
9, 129
6,893
52, 253
16, 174
9, 266
6,908
r 52, 674
' 16, 436
r 9, 542
r 6, 894
704
2, 650
3,894
11, 216
2,387
6,443
8,028
693
2, 626
3,880
11,279
2,395
6, 462
8,040
688
2,719
3,885
11, 263
2,398
6,441
8, 056
701
2,829
3, 886
11,333
2, 403
6,479
8,074
708
2,787
3, 917
11, 363
2,413
6, 486
8,079
709
2 799
3.928
11,425
2,418
6, 525
8,076
714
2 800
3,920
11, 465
2, 426
6,570
8 083
633
2 814
3,893
11,529
2,437
6, 549
8, 131
617
2 77(5
3, 899
11, 464
2, 452
6, 584
8 221
621
2, 762
3, 900
11,478
2, 453
6.549
8,217
657
2, 792
3, 902
11,452
2, 450
6, 593
8,233
r 665
r 2, 800
'3,917
r
11, 486
2,450
'6,613
r
8, 307
11, 937
6,794
72
12,117
6,937
73
12, 167
7,025
73
12, 299
7,139
73
12 524
7,248
73
12 433
7, 161
72
12 173
6,679
71
12 373
6 847
74
12, 201
6, 786
73
12, 274
6,922
73
' 12, 466 ' 12, 452 p 12, 480
r
7, 173 ' 7, 237 p 7, 261
P74
74
74
537
273
315
413
979
552
277
316
433
1,015
568
285
317
444
1,037
594
294
318
454
1,052
624
302
321
466
1,067
627
302
320
464
1,038
628
305
324
468
628
620
304
329
469
611
612
300
329
458
602
599
295
327
457
975
^584
286
328
452
1,039
132
123
119
493
528
800
1, 136
882
1,026
439
429
118
232
415
'892
' 1,172
593
422
116
232
'393
' 5, 293 ' 5. 215 P 5, 219
'954
990
P938
245
150
163
Total, seas. adj. Cexcl. Alaska and Hawaii) A--do
Manufacturing
__
do -.
Durable goods industries
do
Nondurable goods industries
_
do
Mining
Contract construction
Transportation and public utilities
Wholesale and retail trade . . .
Finance, insurance, and real estate
Service and miscellaneous _
Government
do
do
do
do
do
do
do
Production workers in manufacturing industries, unadj.:
11,855
Total (U S Dept of Labor)
thousands
6,739
Durable goods industries
do
73
Ordnance and accessories
do
Lumber and wood products (except furniture)
547
thousands. .
275
Sawmills and planing mill^
do
313
Furniture and fixtures
do
411
Stone, clay, and glass products
do
952
Primary metal industries
do
Blastfurnaces, steel works, and rolling mills
469
thousand^
489
515
529
537
543
521
do _
do
do
do
do
do
do
do
do
820
1,057
791
1,216
581
475
121
209
350
817
1, 090
796
1,203
568
473
120
213
360
829
1,113
798
1, 226
591
469
123
216
368
840
1,126
803
1,229
594
464
126
216
372
853
1,153
814
1,233
600
459
126
219
379
866
1, 167
833
1,224
598
451
124
224
385
847
1,149
836
1,207
586
449
121
221
380
815
1,138
850
1,132
520
445
117
224
401
841
1, 167
888
1,200
600
445
107
231
417
812
1,147
893
1,208
623
435
107
232
420
do
do _
do
do
do
5, 116
950
243
129
159
5,143
943
239
129
159
5,180
945
239
134
158
5,142
958
235
148
159
5,160
974
242
147
160
5,276
1,030
245
180
162
5,272
1,062
245
219
163
5,494
1,176
249
315
166
5, 526
1,162
229
316
165
5,415
1,080
233
226
166
5, 352
1,032
244
178
166
79
856
371
186
1,051
440
221
544
76
860
370
189
1,078
440
220
545
72
866
371
193
1,085
441
219
551
70
869
370
196
1,055
443
221
553
69
874
370
200
1, 055
446
223
553
70
883
371
205
1, 068
453
227
555
67
872
368
201
1,048
449
226
552
90
887
372
210
1,103
454
227
558
98
890
372
210
1,106
460
227
570
93
885
372
208
1,100
454
222
570
82
876
370
204
1,107
452
222
570
532
527
515
535
527
532
518
527
Chemicals and allied products
do
204
202
206
196
199
200
208
197
Industrial organic chemicals
do
159
160
159
158
154
150
160
151
Products of petroleum and coal
do
122
122
119
120
115
122
122
115
Petroleum refining
do
172
196
199
203
199
202
176
204
Rubber products
do
334
325
329
335
331
324
339
333
Leather and leather products
_- __
do
Production workers in mfg., seasonally adjusted:
12, 612
12, 052
Total
thousands- _ 11,941 11,979 12, 149 12, 303 12, 481 12, 600
7,244
7,162
7,028
7, 275
6,754
6,783
6,914
6,717
Durable goods industries
do
5,356
5,319
5,337
5,235
5,275
5,335
5,187
5,196
Nondurable goods industries
do
Production workers in manufacturing industries:
Indexes of employment:
100.5
99.4
98.4
96.5
98.0
101.3
95.8
98.4
Unadjusted
1947-49=100
102.0
97.4
96.5
98.2
99.5
96.8
100.9
101.9
Seasonally adjusted
do. -Miscellaneous employment data:
Federal civilian employees (executive branch) :
United Statesf
thousands 22,142.8 22,140.6 22,142.6 22,147.6 2 2,145. 0 22,171.8 22,177.2 22,192. 1
213.0
211.1
207.7
207.3
207.3
212.7
207.6
207.7
Washington D C metropolitan area
do
Railroad employees (class I railroads) :
870
854
839
839
845
879
836
869
Total
thousands
Indexes:
64.0
65.2
65.5
63.4
63.5
62.8
63.0
66.0
Unadjusted
1947-49-100
540
208
153
117
212
335
540
207
151
116
212
331
539
207
154
115
209
331
12, 154
6,837
5,317
12, 030
6,746
5,284
12, 169
6,873
5,296
100.0
98.3
98.6
97.3
99.2
98.4
2,172 .4
208.2
2, 176. 7
208.8
Fabricated metal products c?
-Machinery (except electrical)
Electrical machinery _ _ _ _
Transportation equipment 9
Motor vehicles and equipment
Aircraft and parts
Ship and boat building and repairs
Instruments and related products
Miscellaneous mfg. industries
_ _
Nondurable goods industries
Food and kindred products 9
Meat products
Canning and preserving
Bakery products
Tobacco manufactures
do
Textile mill products 9
do
Broadwoven fabric mills
do
Knitting mills
do
Apparel and other finished textile prod do
Paper and allied products
_
do __
Pulp paper and paperboard mills
do
Printing, publishing, and allied industries. _do
Sp.a.srma.llv arHnstp.rJ
do
62.3
63.1
63.9
64.9
64.3
64.5
64.1
62.4
'841
r 1, 166
'81
867
370
196
r 1, 103
'451
222
' 571
'537
207
'155
116
'208
'332
' 52, 881 p 52,
r 16, 561 p 16,
' 9, 662 p 9,
' 6, 899 p 6,
928
552
660
892
' 656
P661
' 2, 768 P 2, 767
r 3, 941
p 3, 927
' 11,010 p 11, 649
' 2, 456 P 2, 465
' 6, 601 P 6, 615
' 8, 288 p 8, 292
'563
P557
' 328
'329
'444
p 446
' 1, 047 p 1, 056
'854
P858
' 1, 180 p 1, 189
'891
P890
' 1, 248 P 1, 252
' 230
377
' 78
'858
P231
P380
p78
P858
' 1, 091 p 1, 108
'446
P444
562
P 564
'536
P538
' 154
P 153
' 208
'328
P208
*330
'12,417 ' 12, 538 P 12, 529
' 7, 137 ' 7, 250 p 7, 249
' 5, 280 ' 5, 288 p 5, 280
' 100. 8 ' 100. 7 P 100. 9
' 100. 4 ' 101. 4 p 101. 3
2, 200. 3 '12,500.1
209.5
i 217. 5
2, 158. 7
210.0
814
804
810
'826
p813
61.6
61.5
60.9
62.2
60.8
62.2
61.7
'63.0
p60. 9
p60. 4
J
2
' Revised.
f> Preliminary.
Includes Post Office employees hired for Christmas season; there were about 307,100 such employees in the United States in December 1959.
See note
marked "f".
9 Includes data for industries not shown.
(^Except ordnance, machinery, and transportation equipment.
ATotal employees, incl. Alaska and Hawaii (thous.); 1959—December, 52,902; 1960—January, 53,109; February, 53,157.
^Employees in Alaska and Hawaii are included effective with
January 1959 and August 1959, respectively. For all branches of the Federal Government, civilian employees in Alaska (at the end of January 1959) totaled 13,200 persons arid in Hawaii
(at the end of August 1959). 21,900 persons.
SUEVEY OF CURRENT BUSINESS
March 1960
S-13
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
January
February
March
April
May
June
1960
July
DecemOctober NovemAugust September
ber
ber
January
February
EMPLOYMENT AND POPULATION—Continued
INDEXES OF WEEKLY PAYROLLS
r
r
158.2
108.0
174.7
160. 5
160.4
106.2
179.9
165 1
105.3
205.8
167.0
106.5
223.3
169.6
110.7
240.0
174.4
115.4
244.4
170.2
106.5
257. 7
164 9
98.4
242.9
169. 1
94.3
239.1
165. 9
95.9
221.8
166.8
104.4
39 9
2.3
40.4
2 3
41. 5
40 0
2.4
40.3
2 4
41. 1
40 2
2.6
40.8
2 6
41.3
40.3
2.6
40.9
2.6
41.0
40.5
2.7
41.1
2.8
41.5
40.7
2.9
41.4
3.0
41.2
40.2
2.7
40.5
2.7
41.2
40 5
2.9
40.8
30
40.7
40 3
30
40.8
30
41.1
40 3
2.8
40.9
2.8
41.3
39 9
2.6
40.1
2 5
41.3
r 40 6
39. 6
39 3
40.3
40 2
40.0
39.5
39 6
40.4
40 5
40 4
40.7
41.0
40.4
41 0
40.9
40.7
40.8
40.0
41.3
41.2
41.1
41.4
40.2
41.6
41.4
41.3
41.6
40.8
41.7
41.7
40.5
41.0
40.8
41.5
38.5
41.1
41 3
41.7
41 6
39.7
40.7
40 7
41.3
41 0
40 0
40.8
40 7
41.8
41 2
39.9
40.1
40.3
41.1
40 8
38.8
M0.2
40.7
Ml.
8
r
41 0
r
41. 1
39.5
40.5
40.7
40.4
40.0
40.4
40 9
40.2
40.7
40.8
41.3
40.3
41.0
41.1
41.4
40.2
41.0
41.5
41.6
40.5
41.6
41.9
41.9
40.8
35.9
41.0
41.3
40.1
36.6
41.6
41. 1
40.5
38 3
41.7
41 1
40.7
38.0
41.0
41.2
40.8
37.7
40.1
40.8
40.5
41.2
41.4
41.7
41.0
do
do
do
do
do
do
40.7
41.0
40.9
39.4
40.7
40.1
40.3
40 2
40.8
38 6
40.5
40.1
40.7
41.0
40.7
39.3
40.5
40.0
41.0
41.7
40.8
39.6
40.8
40.3
40.9
41.7
40.5
39.5
40.7
40.3
41.0
41.5
40.9
39.2
41.2
40.5
40.8
41.3
40.6
39.2
41.1
40.0
40.2
40.2
40.6
39 0
41.0
40.4
40.0
40 1
40.4
38 4
41 0
40.5
40.6
41.1
40.7
38 3
41.1
40.7
39.2
38.2
40.6
38.5
41.0
40.4
do
do_.
do
do _
do
do
39 3
2.4
40 5
40.7
38 2
39.7
39 4
2.4
40 0
39. 2
38 6
40 1
39.5
2.6
40.2
39.9
38.6
40.1
39.5
2.5
40.2
39.9
39.2
39.7
39.7
2.6
40.8
40.4
39.2
40.5
39.8
2.7
41.0
40.6
39.3
40.7
39.8
2.8
40.9
41.0
38.9
40.7
40 1
2.9
41.4
40.8
41.9
40.2
39
3
41
43
39
40
8
0
4
1
2
6
39 5
2.8
40 8
43.3
38 0
40.2
do
do
do...
do
38.8
39.8
40.2
37 8
38.5
40 3
40.8
38 3
38.1
40.4
40.9
38.4
37.8
40.3
40.8
38.5
38.8
40.4
41.0
38.7
39.3
40.8
41.3
39.2
40.1
40.4
41.1
38.6
40.7
40 8
41.6
39.4
40.9
39 8
40 3
38 3
Apparel and other finished textile prod
do
Paper and allied products __ _ ._
do __
Pulp, paper, and paperboard mills
_do
Printing, publishing, and allied industries. _do
36.0
42.4
43.5
38.0
36.7
42.4
43.4
37.9
36.5
42.7
43.7
38.3
36.6
42.6
43.8
38.1
36.6
42.9
44.0
38.1
36.7
43.0
44.1
38.1
36.8
43.0
44.4
38.2
37.4
43.1
44.1
38.3
Chemicals and allied products
Industrial organic chemicals
Products of petroleum and coal
Petroleum refining
_ _
Rubber products
Leather and leather products..
41.1
41.0
40.9
41.1
41.1
39.1
41.2
41 1
40.3
40. 6
41.6
38.8
41.3
41.0
41.2
40.8
42.0
38.0
41.6
41.1
40.9
40.9
41.8
37.0
41.6
41.5
41.0
40.8
42.1
37.6
41.5
41.6
40.9
40.4
40.3
38.2
41.1
41.1
41.1
40.6
42.5
38.3
40.1
40 6
34.3
36 3
39.7
40 8
27.0
35 6
39.9
40.4
27. 6
35 2
40.1
39 9
32.2
35 2
40.8
41. 1
31.3
36.7
41.6
41.3
30.2
38.8
39.2
36.1
41.3
41.5
41.4
41.7
41.2
42.4
40.5
44.3
40.3
44.3
40.2
45.2
35 7
38.5
35.0
34 4
36 3
34.0
35 9
39.5
35.0
37 0
40.1
36.1
37.4
40.6
36.4
42.6
38 3
41.0
42 5
38 9
40.9
42.6
38.4
40.8
42.9
38 4
40.7
40 2
40 0
40.2
38.1
34.7
36.4
44.2
37.9
34.4
36.4
43.9
37.9
34.6
36.3
43.8
39 7
39.3
38.5
39 9
39.0
37.4
Construction (construction workers)
Manufacturing (production workers)
Minim* (production workers)
1947-49=100..
_ do
do
214. 8
175. 4
110.5
183 5
175 5
105 2
r
P 173 4
HOURS AND EARNINGS
Average weekly hours per worker (U.S. Dept. of
Labor) :
All manufacturing industries
hours
Average overtime
_
do
Durable goods industries
do_._
Average overtime
do
Ordnance and accessories
_ _
do
Lumber and wood products (except furniture)
hours. _
Sawmills and planing mills
do
Furniture and
fixtures
_
_ _
do
Stone clay, and glass products
do
Primary metal industries
do
Blast furnaces, steel works, and rolling mills
hours
Fabricated metal products cf
do __
Machinery (except electrical)
do
Electrical machinery
do
Transportation equipment 9
Motor vehicles and equipment
Aircraft and parts
Ship and boat building and repairs
Instruments and related products
_
Miscellaneous mfg. industries. _
Nondurable goods industries
Average overtime..
Food and kindred products 9
Meat products _ _ _ _ _
Canning and preserving
Bakery products
__ __
_
Tobacco manufactures
_
Textile mill products 9
Broadwoven fabric mills
Knitting mills
_
do
do
do.__
do
do
do
Nonmanufacturing industries:
Mining _
do__
Metal
do
Anthracite
_
_
do
Bituminous coal
do
Petroleum and natural-gas production (except
contract services).
_ _ _ hours _
Nonmetallic mining and quarrying
do
Contract construction
do
Nonbuilding construction
do
Building construction
do _ _
Transportation and public utilities:
Local railways and bus lines
do
Telephone
do
Gas and electric utilities...
do...
Wholesale and retail trade:
Wholesale trade
do
Retail trade (except eating and drinking places) 9
hours
General merchandise stores
. do
Food and liquor stores _
._
do .
Automotive and accessories dealers. ._ _do
Service and miscellaneous:
Hotels year-round
do
Laundries
_ _
do__
Cleaning and dyeing plants
do
Average weekly gross earnings (U.S. Department of
Labor) :
87.38
All manufacturing industries
. dollars.
94 94
Durable goods industries
do
Ordnance and accessories
do
105 00
Lumber and wood products (except furniture)
dollars. . 74.84
Sawmills and planing mills
_ __ do
72.31
Furniture and
fixtures
do
72 54
Stone, clay, and glass products
do
86.83
Primary metal industries
do _.Blast furnaces, steel works, and rolling mills
dollars- _
r
r 2 9
r
41 0
p 39
P2
P 40
p2
v 41
9
6
5
6
3
'39.4
"39.2
r
40 5
40 4
Ml 0
P 40 5
P 40 3
p 40 4
Ml. 2
r
40.7
P 40 6
p 41 0
P 40 2
'40.7
40.9
41.0
39.1
Ml. 3
MO. 6
r
42.0
p 41 1
r
T
40 6
40.0
P 40 4
p 39 8
39 6
2.7
41.0
43.3
36 9
40.1
39 8
2.7
41.1
42.4
38 5
40.2
r
39 4
2 6
40 6
p 39 0
P2 4
P 39 7
40.2
40 5
41.5
38 7
38.2
40 5
41.5
38 9
«• 39. 7
r
38 2
40 3
p 36 9
P 40 1
36.4
43.2
44.3
38.8
36.2
42.9
43.9
38.4
36.7
42.7
44.0
38.3
* 36. 5
f 42.7
43.9
'39.0
36.1
42 5
P 36. 2
p 42 0
'38.3
P38. 0
41.2
41 1
40.6
39.9
42.3
37.8
42.3
42 6
41.5
41.1
41 3
36.7
41.6
41 4
40.8
40.2
40.8
36.2
41.7
41.6
41.0
41.2
39.7
37.3
Ml. 9
41 9
Ml. 5
Ml. 5
r 40. 6
r
40.6
40 8
'37. 7
40 1
p 39 9
r
40 7
'37 9
p 40 2
P 37 3
32.5
41.2
39 4
27.9
36 7
40
40
31
35
7
2
9
2
41.1
40 4
30.0
37 9
40.7
41 7
34.0
35 8
42. 1
42 2
34.2
40 9
41.6
45.1
40.9
45.4
41.1
44.6
40.4
44.3
41.2
43.2
40.5
43.3
38.0
42.1
36.8
37.6
42.1
36.3
38 3
43.0
36.9
36 6
39 5
35.8
37 0
40.6
36.0
35 7
38.9
34.8
36 7
39 4
36.1
43.2
38.8
40.5
43.6
39.0
41.0
43.2
39.4
41.1
43 1
39 2
40.9
42 3
40 6
41.3
42 6
39 9
41.3
42 8
40 7
41.3
42 9
39 2
40.9
40.1
40.3
40.5
40.6
40 5
40 5
40 5
40.4
40 5
37.9
34.4
36.2
44.0
37.9
34.2
36.2
43.9
38.3
34.8
36.8
44.1
38.8
35.3
37.4
44.0
38.6
35 3
37.1
43.9
38.1
34 4
36.7
43.7
37.7
34.0
35.9
44.0
37.5
33.9
35.8
43.7
38.2
36 5
35.7
43.8
40.1
39.4
38.1
40.1
39.9
39.5
40.1
40.4
40.2
40.1
40.1
39.7
40.2
39.5
37.9
40 6
39.6
37.7
40 3
39.8
38 8
40 5
39.8
40.0
40 2
39.3
39.1
40 0
39.7
39 5
88.00
95 11
103 57
89.24
97 10
104 08
89.87
97 75
103 32
90 32
98 64
105 83
91 17
99 36
105 47
89.65
96.80
105. 06
88.70
95 88
103. 38
89.47
96 70
105 22
89.06
96.52
106. 55
88.98
95 44
106. 97
74.26
72.86
72 32
87.89
77.74
75. 85
73 12
90.20
78. 96
76. 30
72 40
91.27
80. 56
78 66
72 76
91 94
82.19
80 70
74 66
92 16
80.19
79.13
74. 66
92.13
82.61
80.95
76 31
92.35
82.62
79.77
75 58
91 43
82.42
79.37
76.49
91.88
80. 60
78.18
75 21
91.39
110.80
112.72
115.34
116.60
117. 58
118 43
108. 19
104. 81
106. 40
105. 74
107 86
120. 08
122. 00
125. 36
127. 10
127. 10
129. 38
111.29
113. 09
118. 73
116. 66
113. 10
Revised.
* Preliminary.
9 Includes data for industries not shown separately.
cfExcept ordnance, machinery, and transportation equipment.
MO 3
2 8
T
41 0
2.7
41.1
r
2.7
41.8
r 41 4
r 40 8
42.0
38 1
r
«• 92. 16
99 87
109 10
T
r
r
r
r 80. 40
78. 14
r
77 33
^92 25
r
117 14
127. 72
T
92 29 p90 97
100 86 p 99 23
107 42 p 109 03
«• 77. 62
p 76. 44
r
r
p 74 93
P91 08
74 93
90 90
117 67 p 115 54
SUEVEY OF CURRENT BUSINESS
S-14
March 1860
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
January
February
March
April
May
June
1960
July
August
SeptemOctober
ber
Xoveraber
December
January
February
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Average weekly gross earnings (U.S. Department of
Labor) — Continued
All manufacturing industries— Continued
Durable goods industries — Continued
Fabricated metal products cf
_ _ . dollars
Machinery (except electrical)
do
Electrical machinery
_ _ - do _
Transportation equipment 9
do
Motor vehicles and equipment
do Aircraft and parts
do
Ship and boat building and repairs
. do_
Instruments and related products
- do _
Miscellaneous mfg. industries
do
Nondurable goods industries
Food and kindred products 9
M!eat products
Canning and preserving
Bakery products
- -_
do
do
do
- do
do
Tobacco manufactures
do
Textile mill products 9
. d o
Broadwoven fabric mills
.__
- do Knitting mills
do
Apparel and other finished textile prod
do
Paper and allied products
do
Pulp, paper, and paperboard mills
do
Printing, publishing, and allied industries.do
Chemicals and allied products
Industrial organic chemicals
Products of petroleum and coal _
Petroleum refining
Rubber products
Leather and leather products
_
_
do
do
_ __do _ _ do _
do
do
Nonmanufacturing industries:
Mining'
do
Metal
_
_ do
Anthracite
do
Bituminous coal
- do _
Petroleum and natural-gas production (except
contract services)
dollars. Nonmetallic mining and quarrying
- _ do
Contract construction
do
Nonbuilding construction
_ - _ _ do _ _
Building construction
do
Transportation and public utilities:
Local railways and bus lines do
Telephone
do
Gas and electric utilities
do _ _
Wholesale and retail trade:
Wholesale trade
- do
Retail trade (except eating and drinking
places) 9
dollars
General merchandise stores
do
Food and liquor stores
do
Automotive and accessories dealers
do
Finance, insurance, and real estate:
Banks and trust com panics t
Service and miscellaneous:
Hotels, vear-round
_ _
Laundries
Cleaning and dyeing plants
-
Nondurable goods industries
Excluding overtime §
.
Food and kindred products 9
Meat products
Canning and preserving
Bakery products
-.
94.13
100. 61
88. 84
105. 59
106.93
105 67
99.97
91. 13
75. 39
95. 88
102.42
89.06
107. 04
109. 47
105. 01
102. 18
91. 53
75.60
96. 59
103. 09
88.84
107. 83
111.34
105.67
101. 77
92.21
76. 57
98. 36
104. 00
89.51
107. 98
111.76
105. 71
101.91
91.98
76.57
99.72
104. 75
90.58
109. 06
111.22
107. 98
100. 74
94.35
76.95
97.17
103. 25
89.02
108. 53
111. 10
106. 78
102. 70
93.71
75. 60
99.01
102. 34
89.91
108. 14
110.15
107. 18
102. 57
93.48
76. 76
99.66
103. 16
90.76
108. 40
111.48
107. 06
99.84
93.89
76.95
96. 76
103. 82
91.39
109. 62
113.03
108. 26
99.20
94.53
77.33
94. 64
102. 82
90.72
104. 66
102. 38
108. 00
101.26
94.71
77.16
77 81
84. 65
95 65
66. 85
80 19
78.01
83. 60
91.73
67. 55
81.80
79.00
84.42
93 77
68. 32
81.40
79.00
84.42
93.37
69. 38
80.99
79.40
85. 68
94. 54
67. 42
83.43
79. 60
85. 69
94. 60
66. 42
84.25
80.00
85.48
95. 53
66. 52
84.25
80.20
84.87
95. 06
71.65
83.21
80.79
86.11
101. 29
67. 82
85. 67
79.79
85.68
103. 05
65. 74
84.42
80. 39
87.74
105. 22
63.47
85.01
63 63
60.89
59. 09
55. 94
55.08
91. 58
99.62
99.94
63. 53
61.66
59. 98
56. 68
56. 15
92.01
99.39
100. 44
64.39
63.43
62.17
57.22
55. 85
92.66
100. 07
102. 64
65. 02
63. 27
62. 42
57. 37
55. 63
92.87
100. 74
102. 11
67. 51
63.83
63. 55
57. 66
55.63
93.52
101. 64
102. 11
67.99
64.46
64. 02
58. 41
55. 05
94. 60
102. 75
102. 87
70.58
63.83
63.71
57.13
55.57
95.03
104. 78
103. 52
65.93
64. 87
64.90
58. 71
56. 85
95.68
104.08
103. 79
63.40
63.28
63.27
57.45
55.69
96.77
106. 32
106. 70
63.92
64. 40
64. 74
57. 66
55. 02
95. 67
104. 48
104. 83
64.56
64. 40
64.74
57.96
56.15
95. 22
104. 72
103. 79
67 49
64 87
65 ,'2
56 77
r
55. 85
r
95. 22
104. 48
r
106.86
T
r
99.77
105. 92
93.07
110. 70
113. 29
109 88
102. 44
100. 53 v 98.
105. 57 v 104
92 80 P 91.
115 92 P 111
r
r
66
55
66
79
r
r
94 19
77. 60
v 94. 13
81. 19
r
88. 78
104 73
68. 15
85 22
r
r
80 77
88 51
P 79. 95
P 86. 15
r
r
r 55 7Q
64 48
P 62 73
P 64. 16
55. 59
95. 20
P 55. 75
P 94. 08
r
78. 76
97 00
103. 73
113.70
117.55
100 28
62. 56
97.64
103. 57
114.86
119.77
101.09
62. 08
97.88
103. 73
118.24
121. 18
103 74
60.80
98. 18
103. 98
118.20
122. 29
101. 57
59. 57
99.42
105. 83
117. 67
121. 58
101. 46
60.54
100. 43
106. 91
117. 79
120. 39
98.74
61.50
100. 28
106. 86
118. 78
121. 80
107. 10
60.90
100. 53
106. 45
116. 12
118. 50
105. 33
60.48
104. 48
112.89
120. 77
124. 53
102. 01
59.09
101.09
108. 05
117.50
119.80
101. 18
58.28
101. 75
108. 58
US. 90
124. 01
97. 66
60.43
105 86
103. 94
91 24
114.71
106. 00
104. 45
74.79
112.85
106. 13
104. 23
76. 45
112. 29
106. 27
102. 94
88. 55
114. 75
108. 94
106. 86
85.45
120. 01
111.49
107. 79
82.75
126. 49
103. 49
93.14
79.20
104. 98
108. 77
97.71
76.73
120. 74
107. 45
99.29
88.36
115.81
108. 92
99. 38
82.80
123. 55
109. 89
108. 84
93. 84
118. 14
114
111
94
135
111.92
87.98
111 03
105. 88
111.65
116. 33
88.82
106.64
100. 19
108. 12
115.36
90. 31
110.57
108. 23
110.95
113.00
94.80
113. 59
110.28
114.44
112. 84
95.25
114.82
112. 06
115. 39
112. 56
98.08
116. 66
117.46
116. 66
117. 31
98.32
116. 56
118. 30
116. 16
115.75
100. 33
119.88
121.26
119. 19
116. 72
99.01
115.66
112. 58
116. 71
113. 12
97.90
117.66
117.74
117. 72
117.83
95. 90
113.88
110. 87
114.14
113 81
96. 13
117.81
113.47
119 13
92.44
80 81
103. 32
92. 65
82.47
103. 89
92.87
81.79
104. 04
93. 95
82.56
103. 79
95.04
84.20
103. 68
95.92
85.02
105. 37
95.47
86.29
106. 04
95.68
85.85
105. 93
94.33
89.32
107. 79
94.57
88.58
108. 62
95. 44
89.95
109. 03
96.10
87 42
107. 98
88.44
88.00
89.24
89.42
90.27
91.13
91.76
91.53
91.94
91.53
91.71
91.94
66
48
68
87
65. 95
47.13
69. 52
86.04
65 95
47. 40
68 97
86.72
66.33
47.47
68.78
88.44
66.70
47.54
69.14
89.12
67.79
48.72
70.29
90.41
68.68
49.07
72.18
90.20
68 32
49.42
71.23
89.12
67 82
48.50
71 20
87.40
67 11
47.94
69 65
89.76
66.38
47.46
69.81
88.71
66 09
50. 01
69 26
86. 29
29
23
43
07
r
r
na 23
r
102 66
109. 78
r
117.74
121 80
101 59
r
61. 07
do
67 14
67.34
68.25
68.06
68.25
67.69
68.06
68.07
68.26
68.81
68.26
68.81
45.66
45 20
51.98
46.28
44.85
50.49
46.12
45. 70
51.82
46. 52
46.28
53.72
46.92
47.27
55.48
47.32
46.92
54.79
47.44
46.22
51.92
47.91
46.33
51.65
48.36
46.96
53.54
48.20
46. 96
55.60
48.24
46.37
54.35
48.40
47.24
54.91
2.19
2. 13
2 35
2 29
2.53
2.20
2. 13
2.36
2.29
2. 52
2.22
2. 15
2.38
2.31
2.52
2.23
2. 16
2.39
2.31
2.52
2.23
2.16
2.40
2.32
2.55
2.24
2. 16
2.40
2.32
2.56
2.23
2.16
2.39
2.31
2.55
2.19
2.12
2.35
2.27
2.54
2.22
2.14
2.37
2.28
2.56
2.21
2. 14
2.36
2.28
2.58
2.23
2.16
2,38
2.31
2.59
2.27
2.20
2.43
2.35
2.61
1.89
1 84
1.80
2.16
2.77
1.88
1.84
1.79
2.17
2.79
1.91
1 85
1.81
2.20
2.82
1.94
1 87
1.81
2.21
2.83
1.96
1.90
1.81
2.21
2.84
1.99
1.94
1.83
2.21
2.84
1.98
1.93
1.83
2.22
2.81
2.01
1 96
1.83
2.22
2.64
2.03
1 96
1.83
2.23
2.66
2.02
1 95
1.83
2.23
2.65
2.01
1 94
1.83
2.24
2.78
r 2.00
3 04
2.32
2.44
2.20
3.05
2.33
2.46
2.21
3 08
2.35
2.48
2.21
3. 10
2.35
2.49
2.21
3.10
2.37
2.50
2.21
3.11
2.38
2.50
2.22
3.10
2.37
2.50
2.22
3.09
2.38
2.49
2.22
3.10
2.39
2.51
2.23
3.07
2.36
2.52
2.24
3.00
2.36
2.52
2.24
3. 10
2.41
2.54
2.27
do
do _ _
do
do
do
do
2.62
2.66
2.58
2.60
2.24
1.89
2.62
2.66
2.59
2.59
2.25
1.88
2.63
2.67
2 58
2.60
2.26
1.89
2.63
2.67
2. 59
2.57
2.26
1.90
2.64
2.68
2.61
2.58
2.26
1.90
2.66
2.68
2.64
2.57
2.29
1.90
2.66
2.69
2.63
2.62
2.28
1.89
2.69
2.74
2.64
2.63
2.28
1.90
2.71
2.78
2 65
2.60
2.29
1.90
2.70
2.75
2.66
2.59
2.30
1.90
2.67
2.68
2.66
2.63
2.31
1.91
r2.72
do
do do
do do
do ...
1.98
1.92
2.09
2.35
1.75
2.02
1.98
1.92
2.09
2.34
1.75
2.04
2.00
1.93
2 10
2.35
1.77
2.03
2.00
1.94
2. 10
2.34
1.77
2.04
2.00
1.94
2. 10
2.34
1.72
2.06
2.00
1.94
2.09
2.33
1.69
2.07
2.01
1.95
2.09
2.33
1.71
2.07
2.00
1.93
2.05
2.33
1.71
2.07
2.03
1.95
2 08
2.35
1.73
2.11
2.02
1.95
2. 10
2.38
1.73
2.10
2.03
1.96
2. 14
2.43
1.72
2.12
r
1 92
1.85
2. 25
2.85
2.77
2.68
2.62
2.33
1.94
T
r
v 77. 61
r
104. 94
P 104.12
r
102 09
P 102 51
r
116 69
p 116.11
r 1,02 16
r 61 . 40
p 100 50
P60. 80
2.29
2. 21
2. 46
2.37
P 2 . 28
51
41
73
38
do _ _
do
do
Average hourly gross earnings (U.S. Department of
Labor) :
All manufacturing industries
__ _ _ _ dollars. _
Excluding overtime§
do Durable goods industries
do
Excluding overtime§
do _ _
Ordnance and accessories
do
Lumber and wood products (except furniture)
dollars. Sawmills and planing mills
do
Furniture and
fixtures
do
Stone, clay, and glass products
do
Primary metal industries
do
Blast furnaces, steel works, and rolling mills
dollars
Fabricated metal productscT1
do
Machinery (except electrical)
_ do _.
Electrical machinery
do
Transportation equipment 9
Motor vehicles and equipment
Aircraft and parts
Ship and boat building and repairs
Instruments and related products
Miscellaneous mfg. industries
93.96
99 31
88.88
106 63
109. 06
105 52
102. 44
91. 17
75. 79
2.04
1.97
2. 16
2.47
1.77
2.12
T
r
2. 62
P 2.45
P 2 . 64
1.97
Pl.95
1.85
2.25
2.87
P 1.85
P 2.26
P 2.86
2.44
'2.55
2.28
P 2 . 43
P 2.55
P 2 . 28
2.76
P 2 . 72
^2.32
P2.33
P 1.95
r
r
r
r
1.94
r
2.05
1.99
2. 18
P 2 05
p 2 17
r
Revised.
*> Preliminary.
cf Except ordnance, machinery, and transportation equipment.
9 Includes data for industries not shown separately.
^Revised series (first shown in September 1959 SURVEY); data beginning January 1958 are calculated on a different basis and are not strictly comparable with published figures through
December 1957.
§Derived by assuming that overtime hours are paid at the rate of time and one-half.
SURVEY OF CURRENT BUSINESS
March 1960
S-15
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
January
February
March
April
May
June
1960
DecemAugust SeptemOctober November
ber
ber
July
January
February
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Average hourly gross earnings (U.S. Department of
Labor)— Continued
All manufacturing industries— Continued
Nondurable goods industries — Continued
Tobacco manufactures
dollars- Textile mill products 9
do
Broadwoven fabric mills
- - do
Knitting mills
do
Apparel and other finished textile prod
do
Paper and allied products _
. . . do- _.
Pulp paper, and paperboard mills
- do
Printing, publishing, and allied industries do_
Chemicals and allied products
do
Industrial organic chemicals
- do
Products of petroleum and coal
do _
Petroleum refining
- do
Rubber products
_ do
Leather and leather products
-- do
Nonmanufacturing
industries:
M^inin fr
do
Metal
do
Anthracite
do
Bituminous coal
do
Petroleum and natural-gas production (except
contract services)
dollars
Nonmetallic mining and quarrying
do
Contract construction
do
Nonbuilding construction
do
Building construction
do
Transportation and public utilities:
Local railways and bus lines
do
Telephone
do
Gas and electric utilities
do
Wholesale and retail trade:
Wholesale trade
- do
Retail trade (except eating and drinking places) 9
dollars
General merchandise stores
do
Food and liquor stores
- do
Automotive and accessories dealers. . _-do Service and miscellaneous:
Hotels year-round
do
Laundries
do
Cleaning and dyeing plants
do _
Miscellaneous wage data:
Construction wages (ENR):§
Common labor
dol. perhr_Skilled labor
do
Equipment operators
__ _ _ _ do _ _
Farm wages, without board or room (quarterly)
dol per hr
Railroad wages (average, class I)
do
Road-building wages, common labor (qtrly) __do __
1.64
1 53
1.47
1.48
1.53
2.16
2.29
2.63
2.36
2.53
2.78
2.86
2.44
1.60
1.65
1 53
1.47
1.48
1.53
2.17
2.29
2.65
2.37
2.52
2.85
2.95
2.43
1.60
1.69
1.57
1.52
1.49
1.53
2.17
2.29
2.68
2.37
2.53
2.87
2.97
2.47
1.60
.72
.57
1.53
.49
.52
2.18
2.30
2.68
2.36
2.53
2.89
2.99
2.43
1.61
1.74
1 58
1.55
1 49
1.52
2.18
2.31
2.68
2.39
2.55
2.87
2.98
2.41
1.61
1.73
1 58
1.55
1 49
1.50
2.20
2.33
2.70
2.42
2.57
2. 88
2.98
2.45
1.61
1.76
1.58
1.55
1.48
1.51
2.21
2.36
2.71
2.44
2.60
2.89
3.00
2.52
1.59
1.62
1.59
1.56
1.49
1.52
2.22
2.36
2.71
2.44
2.59
2.86
2.97
2.49
1.60
1.55
1.59
1.57
1.50
1.53
2.24
2.40
2.75
2.47
2.65
2.91
3.03
2.47
1.61
1.59
1 59
1.56
1 49
1.52
2.23
2.38
2.73
2.43
2.61
2.88
2.98
2.48
1.61
1.69
1.59
1.56
1.49
1.53
2.23
2.38
2.71
2.44
2.61
2.90
3.01
2.46
1.62
2.64
2.56
2 66
3. 16
2.67
2.56
2 77
3.17
2.66
2.58
2 77
3.19
2.65
2.58
2. 75
3.26
2.67
2.60
2 73
3.27
2 68
2.61
2 74
3.26
2.64
2.58
3.23
2.64
2.48
2.75
3.29
2.64
2.47
2.77
3.29
2 65
2.46
2 76
3 26
2 70
2.61
2 76
3.30
2
2
2
3
2.71
2.12
3.11
2.75
3. 19
2.81
2.13
3. 10
2.76
3. 18
2 80
2.13
3.08
2.74
3.17
2.79
2.14
3.07
2.75
3.17
2.80
2.15
3.07
2.76
3.17
2 80
2.17
3 07
2.79
3 17
2.82
2.18
3.10
2.81
3.20
2.83
2.21
3.13
2.82
3.23
2.84
2.22
3.16
2.85
3.26
2 80
2.21
3 18
2.90
3 27
2 86
2.22
3 19
2.85
3 28
2 81
2 22
3 21
2.88
3 30
2 17
2. 11
2.52
2 18
2. 12
2.54
2 18
2.13
2.55
2 19
2.15
2.55
2 20
2.17
2.56
2 20
2 18
2.57
2.21
2.19
2.58
2.22
2.19
2.59
2 23
2.20
2.61
2 22
2 22
2.63
2 23
2 21
2.64
2 24
2 23
2 64
2.20
2.20
2.22
2.23
2.24
2.25
2.26
2.26
2.27
2.26
2.27
2 27
1.74
1.39
1.88
1.97
1.74
1.37
1.91
1.96
1.74
1.37
1.90
1.98
1.75
1.38
1.90
2.01
1.76
1.39
1.91
2.03
1.77
1.40
1.91
2.05
1.77
1.39
1.93
2.05
1.77
1.40
1.92
2.03
1.78
1.41
1.94
2.00
1.78
1.41
1.94
2.04
1.77
1 40
1 95
2.03
1.73
1 37
1.94
1.97
1. 15
1.15
1.35
1.16
1.15
1.35
1.15
1.16
1.36
1.16
1.16
1.36
1.17
1.17
1.38
1.18
1.17
1.38
1.18
1.17
1.37
1.18
1.17
1.37
1.20
1.18
1.38
1.19
1.18
1.39
1 20
1 18
1.39
1 21
1.19
1.39
2.504
3.781
3.378
2. 504
3.792
3.417
2. 503
3.796
3.418
2. 503
3.796
3.424
2.535
3.818
3.444
2.549
3.846
3.449
2. 603
3.885
3.483
2.619
3.904
3.450
2.624
3.921
3.526
2.624
3.931
3.540
2.624
3.931
3.559
2.627
3.942
3.560
1.03
2.546
1.94
2.587
2.531
.99
2.530
1.99
2.549
2.537
1.00
2.521
2.14
2.543
2.542
.89
2.532
2.20
2 599
2 575
3.3
1.5
3.1
.9
1.7
3.3
1.7
2.6
.8
1.3
3.6
1.9
2.8
1.0
1.3
3.5
2.0
3.0
1.1
1.3
3.6
2.2
2.9
1.3
1.1
4.4
3.0
2.8
1.3
1.0
3.3
2.2
3.3
1.3
1.4
3.9
2.5
3.7
1.8
1.4
3.9
2.6
4.3
2.2
1.5
3.1
2.0
4.7
1.4
2.8
30
15
41
10
26
225
75
200
75
250
90
350
175
400
175
450
185
425
650
425
170
400
100
300
130
200
50
325
150
2,000
300
140
1,500
350
150
1,000
475
250
2,500
550
300
2,750
700
325
2, 750
700
750
9,000
700
750
13, 000
650
760
14, 000
550
780
14, 000
300
650
4 500
1.70
1.59
1.56
1 49
1.53
2.23
2.38
2.74
2.45
2.62
r2.90
3.00
2.49
1.62
1.72
1 60
p i . 70
p 1 60
1.54
2.24
p 1.54
P 2 . 24
2.74
2.46
P2. 74
P 2 47
2.91
"2.91
'2. 51
1.62
P2. 50
P 1.63
2. 638
3 948
3.563
2.638
3.950
3.572
72
64
77
31
1 05
LABOR CONDITIONS
Labor turnover in manufacturing establishments:
Accession rate, total
mo. rate per 100 employees
New hires
do
Separation rate, total
do
Quit
do-_.
Layoff
do
Industrial disputes (strikes and lockouts) :
Beginning in month:
Work stoppages
numberWorkers involved
_
_
thousands
In effect during month:
Work stoppages
number
Workers involved
thousands
Man-days idle during month. _ _ _ _ _
_ do .
EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
Nonfarm placements
._
thousands
Unemployment insurance programs:
Insured unemployment, all programsf
do...
State programs:f
Initial claims
_ do
Insured unemployment, weekly average., do _
Percent of covered employmentcf
- Beneficiaries, weekly average
thousandsBenefits paid
mil. of dol
Federal employees, insured unemployment
thousands
Veterans' program (UCX):*
Initial claims
thousands
Insured unemployment, weekly average do
Beneficiaries, weekly average
do
Benefits paid _
_ mil. of dol
Railroad program:
Applications
_
thousandsInsured unemployment, weekly average do
Benefits paid
mil. of dol
r
r
38
1.3
r I 7
*33
* 1.8
P 2. 8
p10
v13
150
20
200
65
250
100
900
325
140
1,000
418
r
31
' .9
r
398
378
445
520
555
581
564
570
633
556
465
432
2,739
2,596
2,282
1,936
1,593
1,414
1,477
1,451
1,370
1,479
1,853
2,008
1,772
2,489
6.3
i 2, 166
274.7
1,263
2,368
6.0
i 2, 157
251.0
1,123
2,077
5.3
i 1, 968
250.6
1,086
1,768
4.5
i 1, 708
213.7
880
1,464
3.8
1 1, 390
162.0
973
1,298
3.4
i 1, 182
142.9
1.228
1,333
3.5
1,100
142.5
1,011
1,291
3.4
1,102
133.4
936
1,203
3.1
1,097
141.8
1,197
1,309
3.4
1,050
136.9
1 501
1,677
4 4
1,285
168 3
1 645
1,841
4.8
1.545
219.5
1 621
2,180
56
1,814
235 2
39
39
38
34
30
28
28
28
27
28
31
33
38
32
64
55
7.1
29
71
66
7.7
28
71
68
8.7
26
64
65
8.5
19
52
53
6.5
23
43
43
5.6
27
43
39
5.3
25
44
42
5.2
24
40
39
5.2
27
41
36
4.8
29
48
42
5.3
31
53
50
7.0
31
61
57
7.4
17
122
20.3
8
94
13.8
6
76
12.5
5
58
9.1
4
39
8.6
8
35
21.2
87
63
18.9
35
79
27.3
32
94
26.1
22
97
25 8
21
93
21.7
19. 2
15
105
r
Revised.
p Preliminary.
* Includes operations under Federal employees' program.
9 Includes data for industries not shown separately.
§Rates as of March 1, I960: Common labor, $2.642; skilled labor, $3.950; equipment operators, $3.582.
tBeginning with the October 1959 SURVEY, data are revised to include operations in Alaska and Hawaii; figures for State programs are also revised to exclude Federal employees'
program (shown separately below) except as noted.
cfRate of covered employment expresses average insured unemployment in each month as a percentage of average covered employment for the most recent 12-month period for which data
are available (the lag for covered employment data may range from 6 to 8 months).
*New series. Data relate to persons eligible for compensation under the Ex-Servicemen's Unemployment Compensation Act of 1958 (effective Oct. 27,1958).
SURVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
March 1960
1959
January
February
March
April
May
June
1960
July
DecemAugust SeptemOctober November
ber
ber
January
February
FINANCE
BANKING
Open market paper outstanding, end of mo.:
Bankers' acceptances
mil. of dol
Commercial and finance company paper, total do
Placed through dealers
do
Placed directly (finance paper)*
do
1, 133
3, 076
875
2,201
1,161
3,322
897
2,425
1 054
3, 267
883
2,384
1 029
3 334
822
2,512
1 038
3 555
791
2 764
983
3,401
729
2 672
957
3 552
759
2 793
946
3 646
795
2 851
954
3 334
763
2 571
945
3 784
755
3 029
1 029
3.664
784
2,880
1 151
3 118
627
2,491
1,229
3,889
664
3 225
Agricultural loans and discounts outstanding of agencies supervised by the Farm Credit Adm.:
Total
mil of dol
Farm mortgage loans: Federal land banks do
Loans to cooperatives
do
Other loans and discounts
do
3,868
2,109
519
1,240
3,959
2,138
518
1,303
4.073
2,175
518
1,381
4,184
2, 206
515
1,463
4,294
2.237
513
1 543
4,400
2,262
526
1,612
4,470
2,282
542
1 646
4 498
2, 300
549
1 650
4 511
2,318
576
1 617
4 487
2 333
616
1 538
4,462
2, 345
642
1 474
4,449
2,360
622
1 467
4,487
2,378
632
1 477
221, 953
86, 507
44, 505
195, 764
74, 346
39, 635
223, 367
84, 710
47, 485
225, 362
88. 049
45, 955
216 003
80, 725
44, 646
?28 601
86, 598
46, 429
235 637
89, 600
48 422
208 130
75 233
43, 265
215 843
81 067
43 259
230 245 >-217 139
82 273
89 519
46 083 43, 810
261 121
104, 976
51, 763
230 100
88 529
46, 305
52, 223
27, 197
462
25, 715
19, 892
52, 226
27, 020
632
25, 350
19, 893
51. 491
26, 716
327
25, 497
19, 860
52, 346
27, 176
500
25 703
19,715
52 200
27, 777
984
25 905
19, 605
51, 965
27, 337
421
26 044
19, 416
52, 724
28, 569
1,229
26 543
19, 333
52, 013
28, 181
692
26 690
19, 227
52, 739
27, 865
330
26 563
19, 203
52 942
28, 469
877
26 631
19, 290
53, 555
28, 946
833
26 922
19, 277
54, 028
28, 771
458
26 648
19, 164
52, 262
27, 613
862
25 464
19, 155
51, 431
26, 961
739
25 209
19, 134
52, 223
19, 943
18, 878
27, 163
52, 226
19, 677
18, 540
27, 022
51. 491
19, 285
18, 192
26, 965
52, 346
19. 542
18, 396
26, 983
52. 200
19, 687
18. 459
27, 156
51, 965
18. 832
17. 640
27, 402
52 724
20 042
18, 905
27, 499
52, 013
19 364
18, 245
27, 581
52, 739
19 223
17 760
27, 515
52 942
19 924
18 818
27, 562
53, 555
19 686
18, 415
27, 954
54, 028
19 716
18, 174
28, 262
52, 262
19 536
18, 396
27, 599
51, 431
18, 725
17. 754
27, 433
41.5
Bank debits total (344 centers)
New York City
6 other centers cf
do
do
do
Federal Reserve banks, condition, end of month:
Assets, total 9
_ _ _ d o _.
Reserve bank credit outstanding, total?
do
Discounts and advances
_ do
United States Government securities
do
Gold certificate reserves
do
Liabilities, total 9
_
__ _ _do
Deposits total 9
do
Member-bank reserve balances
do
Federal Reserve notes in circulation _ ._ _.do_ __
Ratio of gold certificate reserves to deposit and FR
note liabilities combined
percent..
42.2
42.6
42.9
42.4
41.9
42.0
40.7
41.0
41.1
40.6
40.5
39.9
40.6
All member banks of Federal Reserve System, averages
of daily figures:*
Excess reserves
mil of dol
Borrowings from Fed Reserve banks
do
Free reserves
do
497
557
—59
460
508
—47
461
601
—140
417
676
—258
448
767
—318
408
921
-513
400
957
-557
472
1,007
-535
410
903
-493
446
905
-459
445
878
-433
482
906
-424
511
905
-394
Weekly reporting member banks of Fed. Reserve System, condition, Wednesday nearest end of month:|
Deposits:
Demand adiusted©
mil. of dol
Demand, except interbank:
Individuals, partnerships, and corp
do
States and political subdivisions
do
United States Government
do
62, 791
61, 268
60, 057
62, 016
60, 240
60, 835
62, 214
60, 216
60 180
61 239
61,017
63, 204
60 616
59, 536
65, 168
4,719
2,904
64, 296
4, 583
2,861
63, 125
4,833
5, 099
64, 249
5,124
2,934
62, 781
4, 761
2, 800
64, 473
4,864
3, 056
64, 539
4, 699
3,310
63, 014
4, 606
3, 672
64, 184
4. 631
4,279
64, 740
4,346
3,477
64, 626
4,782
3,838
67, 641
4,814
3, 139
63, 727
4,921
2,607
62, 838
4,920
2,954
do ___
do
do
do
30, 071
28, 101
1, 786
14, 039
30, 128
28, 150
1,800
13, 742
30, 337
28, 371
1, 786
14, 991
30, 388
28, 411
1,798
13, 790
30, 644
28, 628
1,840
14, 058
30, 967
29, 022
1,767
14, 189
30, 754
28, 924
1. 652
13, 199
30, 707
28, 965
1 569
13, 964
30, 740
29, 063
1 508
14,015
30 532
28, 963
1 425
13, 330
30, 159
28. 704
1 309
13, 894
30, 533
28, 969
1,420
14, 346
30, 146
28, 483
1 518
13, 303
30, 146
28, 481
1, 521
12, 783
Investments, total
do
U.S. Government obligations, direct and guaranteed, total
mil. of dol
Bills
do.__.
Certificates
do
Notes and bonds
do
Other securities
do
44, 714
43, 443
43, 474
42, 322
41, 333
40, 125
40, 367
39, 133
38, 229
38, 144
37, 918
37, 294
36, 141
35, 040
34, 701
2,193
3,817
28, 691
10,013
33.412
2, 351
3,808
27, 253
10, 031
33, 123
2, 676
2, 854
27, 593
10, 351
31,877
2, 160
2 673
27, 044
10, 445
31, 095
2, 360
2 372
26, 363
10, 238
29, 980
1,747
2, 157
26, 076
10, 145
30, 242
2,753
1.850
25, 639
10, 125
29, 057
2,297
1,093
25, 667
10, 076
28, 121
1,990
1,033
25, 098
10, 108
28, 194
2,096
1, 116
24 982
9,950
28, 164
2,489
1,123
24 552
9,754
27, 468
2,243
1,084
24, 141
9, 826
26, 444
2,001
1, 203
23 240
9,697
25, 352
1,617
464
23,271
9,688
~2~ 309 ""2" 226" " 2 , " 149
63, 351
28, 482
2.187
63, 820
28, 585
2,106
64, 624
28, 992
2,025
65, 354
29, 481
2,061
65, 244
29, 516
2, 115
66, 335
30,015
2 188
68, 069
30, 405
2, 579
66, 036
29, 970
1,938
66. 532
30, 320
1, 769
1,410
5,294
12, 198
16, 638
1, 438
5,439
12, 277
16, 644
1,438
5,577
12, 345
16, 713
1, 355
5, 550
12, 456
16, 539
1,349
5,271
12, 527
16,769
1,329
5 531
12, 574
17, 516
1,338
6, 187
12, 652
17, 475
1,312
5,487
12, 625
17, 241
1,289
5,789
12, 605
17,360
Time, except interbank, total 9Individuals, partnerships, and corp
States and political subdivisions
Interbank (demand and time)
Loans (adjusted), total®
do _
Commercial and industrial
do
To brokers and dealers in securities
do
Other loans for purchasing or carrying securities
mil. of dol__
To nonbank financial institutions
do
Real estate loans ._
_. do
Other loans
do
Money and interest rates :§
Bank rates on business loans:
In 19 cities
New York City
7 other northern and eastern cities
11 southern and western cities
~~~2~ii6~ ~~~I,~939
1. 362
1,381
1, 430
1,418
1,742
11, 505
11, 599
11, 694
11,820
11,669
1
4.87
4.71
4.90
5.07
4.51
4 29
4.49
4 84
percent
do
do
do
5 27
i1 5 14
5.28
1
5 46
5 36
5 19
5.39
5 56
Discount rate, end of mo. (N.Y.F.R. Bank).. .do
Federal intermediate credit bank loans
_do
Federal land bank loans
do
2.50
3.78
5.17
2.50
3.87
5.17
3.00
3.98
5.21
3.00
4.07
5.33
3.50
4.25
5.48
3.50
4.53
5.48
3.50
4.82
5.52
3.50
5.06
5.60
4.00
5.07
5.71
4.00
5.37
5.88
4.00
5.44
5.92
4.00
5.50
6.00
4.00
5.64
6.00
4.00
Open market rates, New York City:
Bankers' acceptances (prime, 90 days)
do
Commercial paper (prime, 4-6 months) __ do _
Finance Co. paper placed directly, 3-6 mo.*__do
Stock Exchange call loans, going rate
do
2.75
3.30
3.05
3.75
2.75
3.26
3.00
3.75
2.88
3.35
3.22
3.75
2.98
3.42
3.36
3.75
3.17
3.56
3.44
3.96
3.31
3.83
3.66
4.19
3.45
3.98
3.81
4.25
3.56
3.97
3.87
4.25
4.07
4.63
4.52
4.75
4.25
4.73
4.70
4.75
4.25
4.67
4.38
4.75
4.47
4.88
4.82
4.75
4.78
4.91
5.02
r
5. 41
4.44
4.65
4.50
5.50
2.837
3.86
2.712
3.85
2.852
3.88
2.960
4.03
2.851
4.16
3.247
4.33
3.243
4.40
3.358
4.45
3.998
4.78
4.117
4.69
4.209
4. 74
4.572
4.95
4. 436
4.87
3. 954
4.66
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
do __
3-5 year issues
do
Savings deposits, balance to credit of depositors:
20, 334
20, 483 20, 374
20, 119
20, 277
20, 335
20, 363
20, 424
20, 406
20, 544
20, 551
20, 651
20, 558
New York State savings banks
_ mil. of dol__ 20, 067
1,094
1, 082
1,121
1, 042
1,070
1,107
1,023
962
1,007
992
976
909
928
948
U.S. postal savingsf
-do
T
Revised.
1 Revised effective September 1959 to reflect exclusion of loans to nonbank financial institutions.
*New series (from Board of Governors of Federal Reserve System); for back data, see Federal Reserve Bulletins.
cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
9 Includes data not shown separately.
fRevised series, reflecting change in coverage and format; leaders indicate comparable data not available. Figures through 1958 on old basis appear in the 1959 edition of BUSINESS
STATISTICS; January-June 1959 figures, in September 1959 SURVEY.
®For demand deposits, the term "adjusted" denotes exclusion of interbank and U.S. Government deposits and of cash items reported as in process of collection; for loans, exclusion of
loans to banks (domestic commercial banks only, beginning July 1959) and deduction of valuation reserves (individual loan iten\s are gross, i.e., before deduction of valuation reserves).
§For bond yields, see p. S-20.
lIData are as of end of consecutive 4-week periods ending in month indicated, except June figure which is as of June 30 (end of fiscal year).
SURVEY OF CUEEENT BUSINESS
March 1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-17
1959
January
February
March
April
May
June
1960
July
DecemAugust SeptemOctober November
ber
ber
January
February
FINANCE—Continued
CONSUMER CREDIT f
(Short- and Intermediate-term)
Total outstanding, end of month
mil. of dol
45, 094
44, 748
44, 925
45, 708
46, 603
47, 522
48 047
48, 841
49, 350
49, 872
50, 379
52, 046
51, 356
do
34, 029
34, 025
34, 234
34, 762
35, 357
36, 135
36, 757
37, 510
37, 962
38, 421
38, 723
39, 482
39, 358
do
do
do
do
14, 271
8,833
2,330
8 595
14, 339
8,727
2,324
8 635
14, 494
8,691
2,338
8 711
14, 810
8,755
2, 364
8 833
15, 128
8,887
2,419
8 923
15, 566
9,040
2, 467
9 062
15, 923
9,134
2, 517
9 183
16, 288
9,289
2, 569
9 364
16, 470
9,390
2,613
9 489
16, 659
9,534
2, 653
9 575
16, 669
9, 687
2, 683
9 684
16, 590
10, 243
2,704
9 945
16, 568
10, 129
2, 691
9 970
do
do
do
do
do
do
29, 178
12, 908
8, 733
2, 647
3,380
1,510
29, 238
12, 938
8,724
2, 671
3, 377
1,528
29, 499
13, 086
8, 780
2,710
3,378
1,545
30, 010
13, 374
8,921
2, 766
3,387
1,562
30, 540
13, 645
9,089
2, 815
3, 394
1,597
31, 245
13, 963
9,350
2,895
3,424
1, 613
31, 861
14, 230
9 592
2, 946
3, 463
1,630
32 540
14, 497
9 806
3,044
3, 515
1, 678
32 954
14, 664
9 949
3,093
3, 542
1,706
33 318
14,817
10 071
3,143
3,570
1,717
33, 519
14, 853
10 117
3,183
3 622
1,744
33, 838
14, 922
10, 145
3, 232
3, 764
1,775
34, 003
15, 066
10, 168
3, 225
3.777
1,767
4, 851
1, 805
1, 095
508
1,443
4,787
1,807
1,079
509
1,392
4,735
1,781
1,045
513
1, 396
4, 752
1,781
1, 043
524
1,404
4,817
1,807
1,044
535
1,431
4, 890
1,839
1,052
551
1,448
4,896
1, 826
1, 055
565
1,450
4,970
1, 868
1,072
578
1,452
5,008
1,907
1,078
586
1, 437
5,103
1,967
1,089
593
1,454
5,204
2,045
1, 107
592
1, 460
5, 644
2,298
1, 167
588
1,591
5, 355
2, 109
1,132
587
1, 527
do
11,065
10, 723
10, 691
10, 946
11, 246
11,387
11, 290
11,331
11,388
11,451
11, 656
12, 564
11,998
do
do
do
3, 599
4, 619
2,847
3,697
4,098
2,928
3, 755
4, 004
2, 932
3, 812
4, 160
2,974
3,925
4,359
2,962
3,991
4, 446
2,950
3,954
4,407
2, 929
4,034
4, 365
2,932
4,084
4,390
2,914
4,050
4,525
2,876
4, 117
4,614
2, 925
4, 176
5, 351
3,037
4,092
4, 816
3,090
do
do
do
3,599
4,619
2,847
3, 697
4,098
2,928
3, 755
4,004
2,932
3,812
4, 160
2,974
3, 925
4,359
2,962
3,991
4,446
2, 950
3,954
4,407
2,929
4,034
4,365
2,932
4,084
4,390
2,914
4,050
4,525
2,876
4,117
4,614
2,925
4, 176
5, 351
3, 037
4,092
4, 816
3,090
_ do
do___
do
do
3, 369
1,254
925
1, 190
3,290
1, 266
860
1,164
3,830
1, 491
995
1, 344
4.073
1,598
1, 090
1,385
4,092
1, 580
1,128
1,384
4,454
1,780
1,173
1.501
4, 315
1,720
1,109
1, 486
4,193
1, 627
1,123
1,443
4, 061
1,515
1,123
1,423
4,185
1, 564
1, 198
1,423
3,928
1, 313
1,172
1,443
4, 686
1, 293
1, 616
1,777
3, 534
1,278
976
1,280
do _
do
do
do
3,447
1,231
1,023
1,193
3,294
1,198
966
1,130
3, 621
1, 336
1,031
1,254
3,545
1,282
1,026
1,237
3, 497
1, 262
996
1,239
3, 676
1,342
1,020
1,314
3, 693
1,363
1,015
1,315
3,578
1,318
993
1,267
3, 609
1,333
1,022
1,254
3, 726
1,375
1,054
1,297
3, 626
1, 303
1,019
1,304
3,927
1,372
1, 060
1,495
3, 658
1 300
1,090
1, 268
do
do
do
do
3, 862
1,445
1,101
1,316
3,849
1, 465
1, 064
1,320
3,802
1, 431
1, 074
1, 297
3,981
1, 524
1.144
1,313
4,105
1,530
1, 158
1,417
4,024
1, 505
1,129
1, 390
4, 152
1, 554
1, 152
1, 446
4,128
1,535
1,137
1, 456
4, 164
1,517
1,137
1,510
4, 212
1, 619
1,123
1,470
4, 083
1, 466
1, 133
1, 484
4,046
1,377
1, 146
1,523
4 *>17
1,535
1 208
1,474
. d o
do
do
3, 460
1, 259
980
1,221
3,510
1, 289
992
1,229
3, 458
1,277
986
1,195
3, 541
1, 296
1,014
1,231
3, 629
1,318
1,015
1,296
3,544
1,290
994
1,260
3,637
1,334
1,012
1,291
3,635
1 325
1,012
1 298
3,662
1 316
1,046
1 300
3,700
1,341
1, 051
1 308
3,700
1 311
1, 069
1 320
3, 776
1 361
1, 066
1 349
3,824
1 386
1,089
1 349
4,956
4, 528
76
8, 152
6, 576
70
10, 722
8, 426
89
6, 375
4, 258
85
8,155
5,425
89
11.247
10, 154
94
3, 936
3, 246
94
7,418
5,679
87
9,552
8, 486
99
3, 626
3,023
9C
7, 152
5 897
94
8, 350
7,582
99
5,425
4, 909
90
do _
do
do
do
2,944
424
321
1,192
5,202
362
1,281
1,237
2,938
5, 459
857
1,378
4, 002
477
558
1,255
4,813
410
1,488
1,355
4,241
4, 786
696
1 , 430
1,603
568
332
1,339
4,346
368
1,321
1,296
4,100
3,311
704
1,338
1, 468
491
278
1,299
4,444
405
965
1,244
2, 733
3, 180
527
1,811
3, 004
564
341
1,427
do
do
do
do
do
6,776
675
445
3, 693
1,963
6,331
630
440
3, 596
1,795
6, 461
649
441
3, 864
1,507
6, 427
652
361
3, 898
1,516
6, 1 64
650
433
3, 642
1, 439
8, 631
689
431
4, 474
3,037
6, 557
728
406
3,772
1,651
6,305
724
400
3,710
1,471
6,357
718
428
3,783
1,428
6, 868
7?2
405
3,980
1,751
6 598
743
424
3, 643
1,788
6, 844
800
430
4,231
1,384
6, 199
826
285, 801
283, 808
239, 901
9,573
43, 907
1,993
285,104
283, 243
239, 373
9,720
43, 870
1,861
282, 034
280, 089
236,149
9,705
43, 940
1, 945
285, 353
283, 497
240. 220
9,742
43, 278
1,856
286. 303
284, 473
240. 271
9,924
44, 203
1,830
284, 706
281,833
237, 078
9, 799
44, 756
2,873
288, 682
285, 840
241 , 779
9, 976
44, 061
2,842
290, 396
287, 599
242, 876
9,862
44, 723
2, 797
288, 296
285, 486
241, 086
9,784
44, 400
2, 810
291,253
288, 478
244, 882
9,895
43, 596
2,775
290, 589
287, 742
244, 160
10, 117
43, 582
2, 847
290, 798
287, 704
244, 197
10, 098
43, 506
3, 094
291, 085
288, 086
245, 456
290, 583
287 588
244, 753
42, 630
2 999
42 835
2, 995
Installment credit, total
Automobile paper
Other consumer goods paper Repair and modernization loans
Personal loans
By type of holder:
Financial institutions, total
Commercial banks
Sales finance companies
Credit unions
Consumer finance companies
Other
_ _ _
Retail outlets, total
Department stores
Furniture stores
Automobile dealers
Other
.
do
do
do
do
do_ .
_
Non installment credit, total
Single-payment loans
Charge accounts
Service credit
By type of holder:
Financial institutions
Retail outlets
Service credit
_ _
_
_ __ _
_
Installment credit extended and repaid:
Unadjusted:
Extended, total
_ _
Automobile paper
Other consumer goods paper
All other
Repaid, total __ _
Automobile paper
Other consumer goods paper
All other
Adjusted :
Extended, total
Automobile paper
Other consumer goods paper
All other
Repaid, total _
Automobile paper
Other consumer goods paper
FEDERAL GOVERNMENT FINANCE
Budget receipts and expenditures:
Receipts, total
_
Receipts, net
Customs
_ _ _ _ _
mil. of dol
do
do
Individual income taxes
Corporation income taxes
Employment taxes
Other internal revenue and receipts
Expenditures total
Interest on public debt _
Veterans' services and benefits
Major national security _ _ _
All other expenditures
_
Public debt and guaranteed obligations:
Gross debt (direct), end of month, total
Interest bearing, total
Public issues _
__
_
Held by U.S. Govt. investment accts.cf
Special issues
Xonintorest bearing
__ _
do
do
do .
do
do
do
Obligations guaranteed by U.S. Govt., end mo._do
U.S. Savings bonds:
Amount outstanding, end of month
do
Sales, scries E and Ii§
do
Redemptions
do
106
112
119
107
108
111
110
111
116
118
124
127
130
135
51,624
486
867
51, 520
383
584
51, 379
414
653
51,190
350
624
51 . 027
338
586
50, 834
323
634
50, 536
350
775
50, 287
309
647
50,012
300
668
49, 715
358
742
49, 552
332
588
48, 647
377
1. 404
48, 273
420
964
48, 182
435
700
LIFE INSURANCE
Institute of Life Insurance:!
Assets, total, all U.S. life insurance companies
mil. of dol
108, 145 108, 583 108, 945 109, 430 109, 928 110,424 111, 152 111,646 111, 846 112, 405 112,904 113, 626
Bonds (book value), domestic and foreign, total
56, 623 56, 700
54, 857
55, 038
55,151
55, 472
55, 730
55, 993
56, 430
56, 742
mil. of dol
56, 284
56, 477
7,414
7,485
7,229
7, 246
7, 259
7, 354
7, 169
7,147
U.S. Government. _
_ _ . _ _ _ do___
7,251
7,235
6, 848
7,016
2,744
2, 774
2,840
2,991
3, 130
3,138
3, 154
State, county, municipal (U.S.)
do
2,889
2, 968
3, 085
3, 177
3, 115
15,306
15,332
1 5, 536
15, 540
15,555
15,403 15,439
15, 484
15,515
15, 527
15, 744
15, 630
Public utility (U.S.)
do
3,792
3,794
3, 796
Railroad (U.S.)
do
3,817
3,812
3,809
3,798
3, 792
3,796
3,790
3,795
3, 798
23. 479
22. 348
22. 680
23. 194
23. 643 23. 738 23, 788
Industrial and miscellaneous (U.S.)
do
22. 531
22. 880
23. 009
23, 342
23. 395
r
Revised.
f Revised series (to adjust to 1958 benchmark data, to incorporate other changes, and to include data for Alaska beginning January 1959 and for Hawaii beginning August
1959). Revisions for installment credit extend back to June 1956; those for noninstallment credit, back to January 1947. For revisions prior to October 1958, see the November 1959 Federal
Reserve Bulletin.
§Data for various months through September 1959 include minor amounts due to late reporting or adjustments on discontinued series (F, G, J, K).
^Revisions
for January-October 1958 will be shown later.
c?For data prior to 1959, see Treasury Bulletin.
SURVEY OF CUREENT BUSINESS
S-18
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
March 1960
1960
1959
J
ar1y"
F
aryU"
March
May
April
June
July
DecemAugust SeptemOctober November
ber
ber
January
February
FINANCE— Continued
LIFE INSURANCE— Continued
Institute of Life Insurance© — Continued
Assets, all U.S. life insurance companies— Con.
Stocks (book value), domestic and foreign, total
mil. of dol
Preferred ( U S )
do
Common (U.S.)
do
Mortgage loans total
do
Nonfarm
do
Real estate
do
Polioy loans and premium notos
do
Cash. _
do
Other assets
do
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance) :J
Value, estimated total
mil. of dol
Group and wholesale
do
Industrial
do
Ordinary total
do
New England
Middle Atlantic
East North Central
West North Central
South Atlantic
East South Central
do
do
do
do
do
do
West South Central
do
Mountain
.
___.
_ do
Pacific (incl. Alaska)
do
Institute of Life Insurance:
Payments to policyholders and beneficiaries, estimated total
mil of dol
Death benefits
do
Matured endowments
do
Disability payments
do
Annuity pavments
Surrender values
Policy dividends
Life Insurance Association of America:
Premium income (39 cos.), quarterly total
Accident and health
Annuities
Group
Industrial
Ordinary _ _ _
_ .
do
do _
do
3,365
1,640
1,689
37,211
34, 510
3, 387
1,639
1,709
37, 350
34, 635
3,421
1, 643
1,739
37, 486
34, 753
3 393
3 414
3 450
1,282
3,812
1, 225
3, 916
1,211
3,942
4,791
5,154
780
490
904
567
4,225
4,253
3,439
3,486
3, 459
1, 654
1,764
37, 737
34, 958
1 663
1,783
37, 894
35, 094
3 469
4,317
1, 187
3 493
3 522
3,944
5,896
793
636
4,284
3,702
3 547
1 659
1 845
38 108
35 335
3 557
1 670
1 845
38 282
35 496
3 566
1 684
1 840
38 493
35 698
3 591
1 697
1 852
38 744
35 936
3,966
1,200
3,949
3 583
4 389
1 185
4 056
3 603
4 423
1 204
4 100
3 624
4 464
1 173
4 096
3 631
4 511
1 195
4 110
3
4
1
4
673
555
228
134
3 670
4 605
1 327
4 281
5,718
5,5-93
5 475
5 353
754
633
6, 097
1,091
5 492
835
575
703
541
986
541
928
558
5 780
1 041
6 078
1 275
7 784
2 487
585
579
527
1,647
1,752
37, 602
34, 851
4,346
1,197
4,380
3 630
1 716
1 871
38 984
36 169
1 713
1,942
39 299
36 475
3,521
3,683
4,467
4,308
4, 206
4,408
4 248
3 948
3 867
4 154
4 224
4 770
i 4. 752
i 847
i 487
i 3,418
230
833
698
289
412
155
232
835
716
307
459
170
278
879
363
563
211
261
951
869
351
536
200
255
921
836
345
526
202
266
960
861
361
546
214
269
903
852
364
530
190
249
841
778
333
510
186
235
795
769
325
500
195
256
882
825
340
547
197
289
953
828
324
546
200
313
992
9^8
385
604
222
220
728
670
275
427
158
355
140
407
373
159
433
449
183
538
426
189
525
427
189
505
449
201
550
422
189
529
386
173
492
389
173
486
407
180
518
395
180
516
483
227
614
* 452
2 665. 4
267.8
595.3
246.9
674.0
278.0
635.9
67.5
118.7
134.1
65.9
11.4
1,004
625.2
582.0
598
9.8
58.4
10.0
261.4
54.2
10.0
241.3
48.7
10.1
265. 7
51.9
10.0
586 9
247. 1
47.4
9 9
567 8
245 2
44.2
9 3
54.7
117.5
111.5
52.9
137.5
137.2
54.2
131.9
113.5
52.9
119.2
109.8
55.8
128. 6
123.9
54.6
124.7
103.2
52 3
112. 5
104.3
54.9
2, 684. 2
491.5
251.2
318.1
188 3
1, 435. 1
2, 786. 8
465. 7
do
do
do
do
do
_ do
337.5
314.4
227.3
1, 442. 0
2 604
259
46
9
5
5
3
4
53 4
121. 1
114 8
592
244
50
10
2
9
3
1
591 5
244 5
49.9
9 4
814
307
60
10
54 3
124 4
108 2
54 8
116. 6
116 3
48 1
144 2
244 4
2, 708. 9
491 7
295 7
319 6
184 5
1, 417. 5
335
153
2
4
0
1
3, 069. 3
526 7
387 6
324 9
276 2
1 553 P
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U.S. (end of mo.)
Net release from earmark §
Exports..
Imports
_ _
mil. of dol__
do _
thous. of doL.
do _ _
20, 476
-65.6
20, 479
-13.0
20, 442
-48.0
-127.5
-136.5
19, 705
198
19, 626
-98.1
203
69
-491.7
0
10, 048
244
18, 499
9,805
76
10, 272
3,280
230
15, 477
25, 726
Production, reported monthly total 9
do
Africa.
do
Canada
do
United States
do .
Silver:
Exports _
do
Imports
do
Price at New York.
dol. per fine oz__
Production:
Canada
thous. of fine oz._
Mexico
do _ _ .
United States _ .
do
Money supply (end of month, or last Wed.):
Currency in circulation
bil of dol
Deposits and currency, total ..
do
Foreign banks deposits, net
do
U.S. Government balances
_ do
83, 400
59, 500
13, 200
81, 200
57, 800
12, 500
4,100
84, 600
61, 200
13, 200
86, 300
62, 900
13, 200
64, 200
13, 300
4,100
64, 900
12, 500
65, 900
13, 200
1,246
5,241
.914
5,894
2,499
3,256
2,677
3,838
31.6
31.9
Deposits (adjusted) and currency, totalf
do
Demand deposits, adjusted^
do
Time deposits, adjusted^ . .
do
Currency outside banks
do
Turnover of demand deposits except interbank and
U.S. Government, annual rates, seas. adjusted:f
New York City
ratio of debits to deposits
6 other centerscf
do
337 other reporting centers
do
4,200
3,800
20, 305
3,800
2, 160
134
99
5, 356
.902
6,172
.904
5,220
3,094
3,680
2,330
2,265
2,782
3,600
2,823
2,692
31.1
249.6
31.1
247.1
31.3
246.7
31.3
3.8
6.0
3.7
5.7
3.9
5.1
239.8
237.7
111.3
98.7
27.7
53.5
31.5
24.2
113.8
98.4
27.6
53.6
31.2
23.6
3,315
2,827
103
.914
3,772
.914
3, 691
2,946
249.8
20, 188
2,641
249.4
3.7
5.8
3.7
6.4
237. 6
110.3
99.5
27.9
240.3
239.3
52.4
31.8
24.0
56.6
33.1
24.7
112.5
99.9
27.9
4,600
270
.914
3,219
249.4
3.6
5.6
5,300
2,981
4,826
.914
2, 868
19, 524
19, 491
—35 2
19, 585
51 9
19, 566
—71 4
19, 456
112 0
62
418
75, 943
115
54, 687
23 616
47, 931
176
66, 200
12, 200
66, 400
12 700
3, 800
66 900
13 900
65, 600
13 600
.914
1 756
5 362
.914
4 219
2,519
2,447
3,072
4,408
-176.3
142
4,200
119
7,892
3,500
184
914
3,400
138
3,310
390
510
635
31.9
251. 4
32.0
251. 1
31 8
252. 1
32 5
3.4
6.0
3.3
6.9
250.9
3.3
7.5
31 9
251.7
31
6.4
5.5
240.8
111. 1
101.2
28.5
241.4
111.4
101. 5
28.5
242.2
242.4
112.7
101. 1
28 3
113. 1
100.3
29.1
56.3
33.1
24.7
57.6
32.1
24.6
60.1
32.8
24.7
60.1
33.6
25.3
240.1
110.7
101.0
28.3
242.0
56.2
32.6
24.5
53.1
32.1
24.6
57. 3
33.1
24.7
112.7
100.9
28.4
743
5 345
914
2 134
3 378
.914
914
2,333
3,696
110.7
100.4
28.1
106
2,453
13 200
3 700
3 445
.914
3,994
2,609
1,472
9 092
19, 444
-11.6
756
32
255
3
5
30
r
6
2
2
9
31 6
250 3
2 8
4.8
247 4
2 g
5 7
246.1
116 1
101 3
28 8
242. 6
113.7
101. 1
28.0
239.1
110 1
101 0
28 0
60 1
33 2
24 9
55 7
P 32 9
^24. 9
r
r
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Fed. Trade and SEC):O
3,821
4,858
3,821
Net profit after taxes all industries
mil. of dol
258
317
355
Food and kindred products
do
80
110
105
Textile mill products
do
Lumber and wood products (except furniture)
43
81
93
mil. of dol__
136
166
158
Paper and allied products
.do
r
1
2
Revised.
v Preliminary.
Includes data for Hawaii beginning January 1960.
The total and components include data for Alaska beginning January 1959; for Hawaii, beginning
September 1959.
0 See footnote "$" for p. S-17.
tlncludes data for Alaska; for 1957-58 revisions to include Alaska and other changes, see p. 24 of the December 1959 SURVEY (1958 mo. avg. for total insurance written should read $5, 573
million).
§ Or increase in earmarked gold (—).
9 Includes data for the following countries not shown sepaiately: Mexico; Brazil; Colombia; Chile (through February 1959 only); Nicaragua; Australia; and India,
fThe term "adjusted" denotes exclusion of interbank and U.S. Government deposits; for demand deposits, also exclusion of cash items reported as in process of collection.
fRevised series, replacing unadjusted rates shown prior to the February 1960 SURVEY and incorporating two major changes. See the January 1960 Federal Reserve Bulletin for details and
data back to January 1950.
cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
OEffective with the July 1959 SURVEY, estimates are based on the latest revised (1957) Standard Industrial Classification Manual and, for most industries, are not comparable with
previously published data. Comparable data for 1st quarter of 1958 are available upon request.
SUEVEY OF CUEEENT BUSINESS
March 1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-19
I960
1959
January
February
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
February
January
FINANCE—Continued
PROFITS AND DIVIDENDS— Continued
Manufacturing corporations©— Continued
Net profit after taxes— Continued
Chemicals and allied products
mil. of dol
Petroleum refining
do
Stone, clay, and glass products
do
Primary nonferrous metal
do
Primary iron and steel
_____
do
Fabricated metal products (except ordnance,
machinery, and transport, equip.), mil. of dol
Machinery (except electrical) ___
__ do
Electrical machinery equip, and supplies
do
Transportation equipment (except motor vehicles,
etc )
mil of dol
Motor vehicles and parts
do
All other manufacturing industries
do
Dividends paid (cash), all industries
do
Electric utilities, net profit after taxes (Fed. Res.)
mil of dol
Transportation and communications (see pp. S-23 and
S-24).
494
658
104
135
374
607
621
231
174
552
562
656
215
116
—89
100
223
246
164
400
296
187
345
291
71
523
374
88
592
459
61
229
540
1,839
1,856
1,862
469
385
392
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, total 9 _ _
Manufacturing
.__
Extractive (mining)
Public utility
Railroad,
_ _
Communication
Financial and real estate
5,780
2,132
1,921
4,511
1,787
2,275
1,452
1,688
1,749
4,122
1,735
1,982
1,979
do
do
do
do
5,618
724
126
36
1,843
481
234
55
1,723
457
151
47
4,202
619
217
92
1,582
624
167
38
1,978
614
254
43
1,334
433
93
26
1,558
623
117
13
1,605
592
120
24
3,844
644
231
48
1,500
659
173
61
1, 796
783
134
52
1, 856
549
98
26
do
do
do
do
do
do
do
885
169
19
302
21
35
226
770
132
4
191
24
63
116
656
100
10
336
7
10
107
928
290
9
320
17
16
143
829
266
25
348
20
6
108
910
236
15
317
20
22
100
552
155
9
173
9
8
118
753
146
14
194
19
36
228
736
216
23
111
5
57
161
923
103
22
348
23
128
145
893
121
12
251
6
264
171
969
179
17
351
3
72
216
672
89
43
154
19
33
279
do
do
do
4,894
3,971
639
1,362
420
881
1, 266
443
637
3,583
2,583
940
958
338
569
1,364
323
995
900
350
457
935
309
523
1,013
300
520
3,200
2,574
587
841
332
458
1,013
380
476
1,307
420
696
do
869
754
640
908
809
890
538
737
721
899
873
950
657
do
do
do
do
do
794
490
304
29
46
600
461
139
9
145
539
405
135
9
92
832
612
220
9
66
764
556
208
17
27
814
557
257
15
60
480
305
175
7
51
677
367
310
19
42
665
408
257
12
44
799
633
166
11
89
803
633
170
8
62
886
631
256
14
50
567
294
273
61
30
do
do
639
190
881
428
637
295
940
563
569
411
995
245
457
246
523
467
520
399
587
235
'458
r
343
476
358
374
3,452
1,226
2,221
374
3,410
1,196
2,186
379
3,458
1,257
2,195
359
3,567
1,205
2,408
364
3,549
1,188
2,411
363
3, 546
1,094
2,483
383
3,528
1,079
2,433
374
3,424
1,035
2,416
377
3,406
1,039
2,380
360
3,378
967
2,405
372
3,438
974
2,493
90.99
91.12
81.67
91.60
91.72
82.14
91.03
91.16
82.27
90.02
90.14
82.63
89. 60
89.64
87.42
89.17
89.19
87.88
89.32
89.36
87.08
88.22
88.22
87.24
87.71
87.79
81.80
88.85
S8. 95
81 61
98.1
101.8
87.54
98.0
102.2
87. 38
98.2
103.4
87.37
97.0
102.2
86.21
95.0
100.4
85.31
94.0
99.4
85.16
93.8
99.4
85.00
94.3
100. 6
85.11
93.0
98.3
83. 15
173, 645
173, 744
144, 550
139, 007
199, 318
175, 922
168, 307
152, 583
157, 377
138, 914
149, 949
140, 655
147, 625
140, 515
135, 448
131, 301
170, 334
164, 981
142, 666
137, 114
196, 941
173, 466
165, 266
149, 690
155, 137
136, 747
147, 850
138, 682
146, 184
138, 794
148, 943 121, 667
1
0
148, 942 121, 667
142, 361 114, 413
7,254
6,577
150, 585
0
150, 585
143, 741
6,844
137, 284
0
137, 284
131, 689
5,595
119, 101
0
119, 101
114, 538
4,553
121, 943
0
121, 943
115, 870
6,072
106, 401
103, 768
1,515
107, 215
104, 573
1,525
106, 638
103, 966
1,564
106, 004
103, 343
1,574
106, 396
102, 770
2,539
116 934
113, 883
1,855
117 052
114, 009
1,856
117, 142
114, 053
1,901
117, 751
114, 652
1,905
118, 746
114, 647
2,905
mil. of dol
Noncorporate, total 9
U.S. Government.
State and municipal
New corporate security issues:
Estimated net proceeds, total
Proposed uses of proceeds:
New rnonev, total
._
Plant and equipment
Working capital
Retirement of securities
Other purposes
State and municipal issues (Bond Buyer):
Long-term
_
Short-term
SECURITY MARKETS
Brokers' Balances (N.Y.S.E. Members
Carrying Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)
Customers' free credit balances
Money borrowed
_
mil. of dol
do
do
do
375
3, 430
'996
2,583
375
3 333
1,001
2 423
88.42
88. 52
81 32
87.48
87.56
81.18
88 26
88 36
80 98
92.8
100. 1
84.95
92.9
100.9
84.82
92.4
99.3
83.00
92.0
98.3
81.81
156, 380
153, 568
143, 838
145, 716
142, 252
146, 631
173, 204
177, 574
148 246
146 910
133, 845
129, 438
154, 805
151, 824
141, 290
143, 316
139, 702
144, 516
170, 098
174, 505
144, 924
143 885
121, 325
0
121, 325
115, 512
5,813
110, 616
0
110, 616
105, 166
5,449
145, 137
0
145, 137
140, 018
5,119
123, 333
0
123, 333
118, 668
4,665
130, 050
11
130, 039
124 668
5,371
155, 742
0
155, 742
150, 433
5,309
116 340
105, 872
102, 219
2,569
106, 135
102, 511
2,538
103, 924
101, 253
1,585
103, 473
100, 826
1,573
106,899
104, 223
1,589
106, 499
103, 826
1,582
105, 422
102, 723
1,617
106 287
103 596
1,610
118, 725
114, 607
2,923
118, 822
114,711
2,914
117, 895
114, 776
1,922
117, 967
114, 846
1,923
120, 319
117, 171
1,947
120 441
117, 291
1,945
120, 508
117, 311
1,992
120 431
117, 237
1,988
r
2 398
Bonds
Prices:
Average price of all listed bonds (N.Y.S.E.),
total §
dollars
Domestic
do
Foreign
do
Standard and Poor's Corporation:
Industrial, utility, and railroad (Al-f- issues):
Composite (21 bonds) d"
dol. per $100 bond..
Domestic municipal (15 bonds)
do
U.S. Treasury bonds, taxable^
-do _ _
Sales:
Total, excluding U.S. Government bonds (SEC):
All registered exchanges:
Market value
thous. of dol
Face value
do
New York Stock Exchange:
Market value
do
Face value
do
New York Stock Exchange, exclusive of stopped
sales face value total §
thous of dol
U S Government
do
Other than U S Government total§
do
Domestic
do
Foreign
do
Value, issues listed on N.Y.S.E., end of mo.:
M^arket value total all issues 5
mil of dol
Domestic
do
Foreign
do
Face value total all issues §
Domestic
Foreign
r
do
do
do
92.8
100.4
83.60
o
116 340
110 125
6 215
Revised.
G See corresponding note on p. S-1S.
9 Includes data not shown separately.
§Data
include bonds of the International Bank for Reconstruction and Development not shown separately; these bonds are included in computing the average price of all listed bonds.
c?1 Number of bonds represent number currently used; the change in the number does not affect the continuity of series.
^Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
March 1960
1959
January
February
March
April
May
June
1960
July
DecemAugust SeptemOctober November
ber
ber
January
February
FINANCE—Continued
SECURITY MARKETS— Continued
Bonds— Continued
Yields:
Domestic corporate (Moody's)
percent-By ratings:
A aa
do
Aa
do
A
do
Baa
do
By groups:
Industrial
do
Public utility
_ do _ _
Railroad
do
Domestic municipal:
Bond Buyer (20 bonds)
do
Standard and Poor's Corp. (15 bonds) __
do _ _
U.S. Treasury bonds, taxable §
do
4.41
4.43
4.40
4.47
4.60
4.69
4.72
4.71
4.82
4.87
4.85
4.87
4.91
4.88
4.12
4.22
4.43
4.87
4 14
4.24
4.43
4.89
4 13
4. 23
4.40
4. 85
4.23
4.32
4.45
4.86
4 37
4. 46
4.61
4.96
4 46
4. 56
4.71
5.04
4 47
4. 58
4.75
5.08
4 43
4. 58
4.74
5.09
4. 52
4. 69
4.87
5. 18
4 57
4 76
4.87
5 28
4
4
4
5
4 58
4 74
4 r><
89
5 ^
4 61
4 77
4.93
5 34
4 56
4 71
4. 92
5 34
4 28
4.43
4.53
4 31
4.46
4.51
4 28
4.43
4. 51
4 35
4.49
4. 56
4 46
4.67
4.67
4 55
4.77
4. 76
4 58
4.79
4.79
4 80
4.77
4. 56
4 68
4. 89
4. 88
4 70
4.95
4 96
4 70
4' 86
4 99
4 86
5 05
4 74
4 9?
5 08
4 71
4 89
5 05
3 45
3.87
3.90
3 29
3.85
3.92
3 33
3.76
3. 92
3 50
3.84
4.01
3 61
3. 97
4.08
3 81
4.04
4.09
3 59
4.04
4.11
3 72
3.96
4.10
3 72
4. 13
4. 26
3 55
3.99
4.11
3 60
3 94
4.12
3 77
4 05
4.27
4 13
4.37
3 97
4. 22
56
70
86
26
4 OQ
3 68
Stocks
Cash dividend payments publicly reported:
Total dividend payments
mil of dol
Finance
Manufacturing
Mining
Public utilities:
Communications
Electric and gas
Railroad
Trade
Miscellaneous
_
..
873.7
387.1
1 798. 6
810.7
317 9
1 821. 1
852.9
331.2
1 , 884 6
833 2
383 0
2 385 3
961 6
423 6
do
do
_ do
192.3
269. 6
7.8
134. 4
118.0
2.5
123.7
1, 184.6
105. 4
156.2
275. 8
8.5
71 4
124. 5
3 2
130 4
1.210.0
108.3
177.4
276. 5
7.6
75.7
127.8
2.5
169 5
1,217.4
106. 3
160 6
276. 3
103 4
153 5
2 5
323 6
1, 502 9
121.4
242 1
290 2
10 6
141.4
129.7
3. 1
do
do
do
do
do
1 75. 1
100. 5
29.8
88.2
10.4
1. 4
93.4
6. 1
23 1
8.2
72.1
156.6
81.2
45.0
30.0
175. 8
105. 7
21.0
60.2
7.5
1.6
94.8
2.5
13 3
6.6
73 2
160. 3
62.1
48 0
28.8
192. 8
107.9
17.7
65 4
7.6
1. 5
96.5
5.5
13.7
8.0
83 5
165. 9
60. 0
49 9
32.1
3
4
2
5
9
1 5
97 7
4 3
12 3
7' 8
87 6
171.0
78 8
59 3
40 7
5.27
5.68
2.59
3 40
3.78
4.23
5.35
5. 72
2.59
3 40
3.78
4.23
5.35
5.72
2.59
3 40
3.81
4.23
5.39
5.75
2.60
3.40
3.81
4.23
5.41
5.80
2.60
3 40
3.81
4.26
5.41
5.80
2.60
3 37
3.81
4.26
5.41
5.80
2.60
3.37
3.81
4.31
5.39
5.77
2.62
3.41
3.81
4.33
5.39
5.77
2.63
3.41
3.82
4.33
5.45
5.85
2.63
3 48
3 82
4.33
5.56
6 01
2.64
3 48
3 82
4 33
5.56
6 01
2.64
3 53
3 90
4 40
156. 98
176 93
66. 66
74.82
156. 96
175 43
67. 40
75. 48
155. 86
174 47
68. 12
73.93
163. 87
184 82
67. 24
76. 95
166.31
188 58
66. 28
77. 47
164. 71
187 48
64. 25
78. 55
170. 35
196 07
66. 49
77.38
169. 21
194. 70
67. 39
74.35
161. 30
184 64
65. 69
71.49
162. 37
186 60
65. 51
70.24
164. 47
18° %
65 38
68 39
169. 29
195 43
65 77
70 24
3.36
3.21
3.89
4.54
3.92
2.51
3.41
3. 26
3.84
4.50
3. 69
2. 48
3. 43
3.28
3.80
4.60
3.95
2.53
3.29
3. 11
3.87
4.42
3.98
2.57
3.2"
3.08
3.92
4.39
3.73
2.67
3.28
3.09
4.05
4.29
3.77
2.71
3. 18
2.96
3.91
4.36
3.57
2.67
3.19
2.96
3.89
4.59
3.57
2.74
3.34
3.13
4. 00
4.77
3.73
2.97
3. 36
3.14
4.01
4.95
3.70
3.03
3 38
3 16
4 04
5.09
3 57
2 83
3 28
3 08
4 01
5.03
3 38
2 72
_
Dividend rates, prices, yields, and earnings, common
stocks (Moody's):
Dividends per share, annual rate (200 stocks) ^dollars-Industrial (125 stocks)
do
Public utility (24 stocks)
do
Railroad (25 stocks)
do
Bank (15 stocks)
do
Insurance (10 stocks)
do
Price per share, end of month (200 stocks) 9 -- .do
Industrial (125 stocks)
do
Public utility (24 stocks) ___
.
do
Railroad (25 stocks)
do
Yield (200 stocks)
Industrial (125 stocks)
Public utility (24 stocks)
Railroad (25 stocks)
Bank (15 stocks)
Insurance (10 stocks)
-
.
percent
do
do
do
do
do
Earnings per share (at annual rate), quarterly:
Industrial (125 stocks)
dollars
Public utility (24 stocks)
do
RaUroad (25 stocks)
do
Dividend yields, preferred stocks, 14 high-grade
(Standard and Poor's Corp.)
percent- Prices:
Dow-Jones averages (65 stocks)
Industrial (30 stocks)
Public utility (15 stocks)
__
Railroad (20 stocks)
Standard and Poor's Corporation:
Industrial, public utility, and railroad:^
Combined index (500 stocks)
1941-43 = 10-Industrial, total (425 stocks.) 9
Capital goods (129 stocks)
Consumers' goods (196 stocks)-.Public utility (50 stocks)
Railroad (25 stocks)
Banks:
N Y City (12 stocks)
Outside N.Y. City (17 stocks)
Fire insurance (17 stocks) .
__
T
195
105
32
72
12
1
8
8
9
1
5.58
6 04
2.67
3 53
3 96
4.40
' 156. 61
178 05
64. 67
67 98
1. 5
99. 1
5.0
36 7
7 1
o' 03
2 p,7
3 53
3 96
4 40
157. 86
177 30
66 13
6" 05
3 53
3 401
4 O-
3 50
3. 39
4 13
5.19
3 68
r
2 86
3 84
9 7*;
p 9 OQ
P 3 82
7 86
7 80
3 77
3 96
4.52
4.48
4.51
4.68
4.79
4. 75
4.70
4.80
4.81
4.81
4. 85
4. 87
4. 82
206. 21
592 29
91. 66
163. 87
205. 02
590 72
91. 03
161.69
210.19
609 12
93. 68
162.56
212. 12
616 99
92. 58
165.30
214.78
630 80
91.33
166. 54
212.34
631 51
86. 70
164. 46
221.03
662 81
89. 10
169. 09
219. 84
660 58
91. 24
163. 24
210. 97
635 47
87. 67
155. 38
212.04
637 34
87 87
157. 51
211.25
646 43
86. 56
150.26
21 7. 52r
671 3
87 09
153 79
214. SI
655 3Q
86 78
150 15
206. 74
'"24 88
85 87
1"0 73
55.62
54.77
56. 1 5
57. 10
57. 96
57. 46
59. 74
59.40
57.05
57. 00
57.23
59. 06
58. (33
55. 78
do
do
do ...
do
do
59. 30
58. 98
44. 65
43. 96
35. 53
58. 33
59. 33
44. 23
43.71
35. 20
59. 79
61.67
45. 10
45. 06
35. 47
60. 92
62. 10
45. 87
45.12
35. 94
64. 81
47.12
44. 30
36. 07
61. 75
65. 52
47, 09
42. 58
36. 02
64. 23
67. 82
49. 82
44. 77
36. 86
63. 74
66. 73
49. 11
45. 15
35. 56
61. 21
64, 16
48. 15
43. 59
33. 78
61. 04
64. 25
48. 22
44. 11
34. 32
61. 46
64. 63
48, 81
43. 71
32. 80
63. 56
67. 14
49 97
33. 57
62. 27
65. 14
49 00
4-1 50
33. 08
59. R)
61. 43
46 51
44 38
32.54
do
do
do_ .
24. 56
50. 35
34.96
25. 23
50. 08
34.78
26 30
52. 09
35. 60
24. 70
51.37
34. 22
25 15
50. 47
33. 39
26 72
53. 02
31. 56
56 5f;
33 19
96 S()
53. 81
30. 60
26 93
54 75
31. 17
98 Rn
53. 00
33.28
27. 25
53. 46
33. 57
20 31
51. 15
31.66
00
"3 °4
33 23
3. 790
133, 963
5. 308
186. 246
4, 805
149, 631
4, 901
140, 658
4, 325
123, 504
4, 670
133, 148
3, 572
102,919
3 372
97, 364
3, 591
103. 766
4,020
120, 394
4 528
141.308
4, 167
129, 142
3, 143
80 357
4,330
108 433
3, 934
91 630
4, 119
95 517
3, 676
82 0°7
3,929
91 386
3. 026
69 705
2, 875
,<>-
co,<
3. 069
72 810
3, 407
83 884
" 767
90 (P1
3. 518
8," 579
65, 793
82, 450
75, 887
70, 969
64, 351
70, 889
51, 052
57, 518
61,330
04, 558
72, 244
63. 932
282, 105
5, 089
283, 202
5,106
294, 256
5, 163
299, 044
5,270
298, 785
5, 463
309, 520
5,502
304, 569
5, 510
290, 564
5, 629
295. 165
5. 658
299, 112
5,733
307, 708
5. 847
5! 930
Shares listed, X.Y. Stock Exchange, end of mo:
Market value, all listed shares
mil. of dol._ 280. 826
5,075
Number of shares listed
millions ._
Revised.
p Preliminary.
§For bonds due or callable in 10 years or more.
9 Includes data not shown separately.
(^Number cf stocks represents number currently used; the change in number does not affect continuity of the series.
193
104
20
60
9
4.54
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
4.982
Market value
mil. of doL_
Shares sold
thousands. 166, 968
On New York Stock Exchange:
4, 195
Market value
- - - --mil. of dol .
105 697
Shares sold
thousands
Exclusive of odd lot and stopped sales (X.Y.
Times)
thousands, _ 83, 253
r
r
11 60
3 75
8 12
10 30
3 69
4. 12
8.0
44. 31
Ci]
60. 533
SUKVEY OF CUREENT BUSINESS
March 1900
Unless otherwise staled, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-21
1959
January
F
2T
March
April
May
June
1960
July
DecemAugust SeptemOctober November
ber
ber
January
February
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
BALANCE OF PAYMENTS (QUARTERLY)
5,866
485
6,398
600
3, 798
635
948
4, 061
669
1,068
do
do
do
do
do
5, 422
3 604
180
801
837
5, 992
3 885
193
821
1, 093
Balance on good* and Cervices
do
-(-444
+406
Unilateral transfers (net) total
Private
Government
do
do
do
1 104
— 140
—964
1 175
— 138
-1,037
U.S. long- and short-term capital (net), total
Private
Government
Foreign long- and short-term capital (net)
Gold sales [purchases ( — )]
Errors and omissions
do
do
do
do
do
do
-472
383
-89
+819
+96
+217
-2,395
752
- 1, 643
+2, 066
+741
+357
Exports of goods and services, total ._ _ _ mil.
Military transfers under grants, net
Merchandise, adjusted, excluding military
actions:]:
mil
Income on investments abroad
Other services and military transactions
Imports of goods and services, total
Merchandise adjustedjcf
Income on foreign inve c tments in U S
JMilitarv expenditures
Other ser vices cf
3
of dol
do
transof dol
do
do
FOREIGN TRADE
Indexes
Exnorts of U.S. merchandise:
Quantity
_
1936-38=100
Value
do
Unit value
_ __
do
Imports for consumption:
Quantity
do
Value
do
Unit value
_ _ _
_ _ _ _ _
do
Agricultural products, quantity:
Exports, U.S. merchandise, total:
Unadiusted
1952-54—100
Seasonally adjusted
do
Cotton (incl linters) seas adj
do
Imports for consumption, total:
Unadjusted
do
Seasonally adjusted
do
Supplementary imports, seas adj
do
Complementary imports, seas, adj
do
Shipping Weight
Water-borne trade:
Exports incl reexports§
thous of long tons
General imports
do
Value
Exports (mdse.), including reexports, total f
mil. of dol
By geographic regions:A
Africa _ _
_
__
do
Asia and Oceania
do
Europe
_
_
do
r
-236
+1,236
+ 167
r
+62
231
621
269
219
589
269
224
608
271
240
651
271
223
603
270
214
581
272
243
658
271
216
592
274
142
133
53
115
111
52
135
125
78
134
139
76
152
155
82
142
161
77
152
198
100
136
170
63
162
171
107
169
153
135
103
90
106
81
113
106
109
104
127
111
113
110
118
102
103
101
114
121
110
131
105
108
110
106
96
107
118
98
116
126
118
133
140
154
122
179
86
99
89
106
7,650
14 739
6,149
13 995
7,023
15 503
7,327
12, 392
8, 624
14, 159
8, 162
17, 552
10, 110
13 860
8,948
13, 879
8,309
15 633
7,890
14 761
1, 456. 3 1, 468. 0
1,551.8
1, 425. 7 2 1, 468. 6
1, 396. 7
1, 400. 4 1, 280. 2
3r
••274
600
219
310
681
219
222
277
255
698
274
199
167
199
206
167
162
r
119
108
116
105
r
r
r
615
89
103
100
105
1, 479. 0 1, 476. 2 1, 478. 6 1, 674. 5
49.6
249. 2
372.4
52.6
240.6
366.9
51.0
240. 1
445. 3
49.1
251.4
400.9
53.8
268 5
427.1
66. 6
305. 2
514.9
353.9
149.2
158.0
320.9
153. 0
168.1
297.6
138.0
160.7
302.9
147. 1
173.9
324. 6
157.9
152.9
286.8
150 1
154.8
306. 5
153.0
174.0
11.7
19.4
10.2
18.8
6.1
18.3
10.0
20.0
5.7
16.9
9.5
17.8
12.6
17.8
18.8
21.2
15.4
2.6
42.0
18.5
2.9
40.7
17.9
2.4
41.9
21.3
2.8
35.3
30.3
2.2
29.2
31.0
3.1
25.2
30.0
2 2
28.8
32 3
2 3
24.9
24.5
2.7
30.0
73.3
4.5
20.8
70.8
4.8
24.9
71.8
4.4
26.9
80.5
7.5
22.9
70.1
8.1
22.4
63.5
4.4
24.7
73.5
7.0
24.5
90 3
4.7
25.8
121.3
8.0
25.6
28.2
60.4
30.7
.3
56.9
20.9
.4
56.9
23.5
0)
61.4
21.7
0
62.0
27.5
0)
65.1
27.2
0
66.1
30.7
0)
72.0
53.0
0)
87.2
34.5
.1
50.9
28.7
.4
60.2
32.2
.1
68.9
31.8
.4
61.2
36.0
.6
60.2
30.3
.1
62.5
41.2
.1
120.7
33.8
.3
89.3
31.3
.3
84.1
46.3
2.8
97.4
do
do
3.6
18.0
3.5
14.6
3.7
19.6
10.5
18.3
do
do
do
16.0
2.3
51.2
14.2
2.2
38.2
15.3
2.4
51.7
do
do
do
75.7
3.5
16.5
72.8
3.6
16.6
73.5
5.0
23.7
do
do
do -
27.5
0
52.3
23.2
.1
52.0
24.6
0)
56.5
Italy
._
do
Union of Soviet Socialist Republics. ___ do _
United Kingdom
_ _
do
North and South America:
Canada
_
__
do __
36.4
1.5
67.0
25.7
.9
61.8
__
T
200
543
271
349.5
149.0
185.4
r
r —405
203
553
272
327.1
151.0
165.4
__do.._
do
do
do
-366
-605
+239
+ 438
+72
+140
' -641
273
599
219
321.2
141.7
167.1
-_
-155
131
-783
275
601
219
274.7
136.5
144.6
Colombia _
Cuba
Mexico
Venezuela
914
r
261
568
218
262. 0
142.9
170.7
_..
+90
275
596
217
do
do
do
do
._
do
._
.-.-.do
1, 334
266
578
217
67.2
253.6
332.0
Argentina
Brazil
Chile
r
291
630
217
55.1
254.4
365.6
_ do -
5, 894
3, 994
242
739
919
272
596
219
52.8
246.1
351.4
Latin American Republics, total 9 .
«• 6, 166
3,852
r
207
270
591
219
80.9
263. 9
337. 2
_
4. 320
923
1, 039
237
519
219
36.3
227.7
304.8
Japan
Republic of Indonesia
Republic of the Philippines
Europe:
France
__
East Germany
West Germany
4,032
721
1, 123
r
260
568
219
58.3
248.4
366. 2
Northern North America
Southern North America
South America
..
By leading countries: A
Africa:
United Arab Republic (Egypt Region)
Union of South Africa _
Asia and Oceania:
Australia, including New Guinea
Colony of Singapore
India and Pakistan
6, 256
380
0)
262.0
274.7
321.1
327.1
349.5
353. 9
320.9
297.6
302.8
324.5
286.8
306.5
293.0
260. 5
289.0
296.6
312.6
288.7
301.2
279.2
298.8
290.5
282.8
303.4
18 1
41.6
10.4
15 3
29.1
11.1
13.2
46.2
10.8
14.2
36.2
10.4
15.8
43.3
14.2
18.6
28.4
10.3
22.9
27.4
11.4
26.2
30.8
9.5
23.0
35.7
11.6
16.4
25.5
11.1
21.2
30.4
10.9
25.7
31.5
15.0
16.4
32.7
57.8
63.0
14.2
32 8
55.6
55.8
15.4
31.1
59.9
60.9
17.4
33.4
63.2
63.4
20.2
38.1
56.9
69.7
17.2
40.1
62.4
63.0
18.4
39.6
65.4
65.7
18.0
36.6
57.4
54.4
17.6
38.7
56. 5
62.6
15.6
41.6
66. 6
66.1
15.2
40 7
60.4
58.0
19.9
31.4
69.1
54.5
1 , 560. 3
l
2
Revised.
* Preliminary.
Less than $50,000.
Includes carryovers of approximately $15 million from May and June; appropriate amounts are included in components.
3 Revision for October 1958: 15,169 thous. long tons.
^Adjusted for balance-of-payments purposes, mainly for valuation, coverage, and timing, cf Excludes military expenditures.
§Excludes "special category" shipments and all commodities exported under foreign-aid programs as Department of Defense controlled cargo.
IData include shipments (military and economic aid) under the Mutual Security Program. Total MSP military shipments (including, since early 1956, also "consumables and construction" shipments) are as follows (mil. dol): January 1959-January 1960, respectively—114.5; 96.7; 81.2; 125.1; 140.9; 78.1; 114.6; 97.1; 79.7; 83.7; 102.2; 105.2; 77.7.
AExcludes "special category" shipments.
9 Includes countries not shown separately.
SUEVEY OF CURRENT BUSINESS
S-22
March 1960
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
Janu-
ary
Febru-
ary
March
April
May
June
1960
July
August
Septem-
ber
DecemOctober November
ber
January
February
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value— Continued
Exports of U.S. merchandise totalf
mil ofdol
1 384 8
By economic classes:
143 4
Crude materials
do
Crude foodstuffs
do
130.0
78.6
Manufactured foodstuffs and beverages
do
Semimanufactures 9
do
189.2
Finished manufactures 9 _
__ __
do
843.6
By principal commodities:
310.0
Agricultural products, totalcf
do_ ._
1 266 0
1 441 3
1 452 1
1 535 3
1,409 5
1 454 0
1 384 1
1 464 2
1 462 4
1,658 8
1 543 7
113. 3
107.8
65.8
175.8
803.3
134.0
120.1
76.7
191.9
918.6
131 9
113.4
78.8
203.6
924.5
141 1
131.2
90.6
214.9
957.5
133 6
122.1
92.1
203.3
858.4
138 6
137.9
96.1
213.5
867.8
130 6
117.2
99.3
208.3
828.7
186 2
114 4
102.4
226 7
834 5
184
107
108
183
876
7
2
7
5
5
232 5
117 1
94.4
193 6
824.7
245.3
126.2
92.3
260.0
935.0
242 7
122.4
82 9
239. 8
855. 9
1 460 5
249.5
292.0
296.5
325.1
304.9
327.2
298.2
361.2
359.8
405.9
420.0
413. 2
30.0
23.4
130.1
23.7
26.4
26.5
24.5
104.7
20.0
18.8
36.3
27.3
118.6
21.4
31.8
31.7
29.5
111.0
20.6
24.6
31.1
33.1
129.8
22.4
26.5
29.7
37.5
122.5
22.4
26.1
15.9
32.2
132. 5
23 8
26.0
11.6
35.6
119.5
23 5
39.2
26 0
33.5
111 3
25 9
81 8
46.2
44 6
103.0
27 0
44 2
78.0
34.4
108.0
27.2
44.7
89.1
29.8
123.9
24.0
50.9
137.5
32.7
121. 4
25. 5
23.9
do
1,074 8
1 016.4
1 149 3
1 155 6
} 210 1 1,104 6
1 126 7
1 085 9
1 103 0
1 100 7
1 056 5
1, 238. 8
1 130 5
Automobiles, parts, and accessories _ __ . do
Chemicals and related products§
do
Coal and related fuels
do
Iron and steel products©
do
104.0
115.2
34.3
47.0
104.2
116.6
25.6
45.8
118.0
122.2
29.9
53.2
118.1
119.5
31.9
54.5
118.3
130 1
34.2
55 5
105.2
121.2
29.4
60.2
101.1
122 9
36.8
56 0
83.5
123 1
39.8
36 9
89
139
36
31
7
6
5
5
107.2
119 3
32.4
29.9
101.3
109.9
27.0
36. 1
99.4
152.4
29.8
54.0
112. 5
130. 9
21.8
50.4
Machinery, total§cf
do
287.8
291.2
326.9
354 0
356 3
329.2
319 4
308 1
316 9
326 1
301. 1
341.4
315 5
do
do
do
do
do. __
8.5
22.3
70.1
29.3
142.9
10.8
25.8
71.9
25.4
142.3
14.1
31 7
81.2
27.1
158.1
16.2
33 8
80.8
32.0
166.5
15 8
35 1
88.6
32.4
169.6
16.3
34 9
74.8
24 2
164.4
15 1
32 3
78 0
21.7
157.4
11 7
27 5
77 9
24.9
152.2
9 6
33 0
81 5
22 2
156.2
8 2
28 7
89 2
22 3
160.9
8.9
23 8
79.4
22.8
150.7
8.8
26. 1
84.1
27.3
174.5
9 8
39 7
73 9
24.5
156.7
do
do
40.8
44.6
35.7
42.8
39.2
53.5
45.2
49.3
42.7
54.4
42.0
47.8
42 8
47.4
38 3
52.1
39 0
58 7
38.5
58.4
31.2
58 5
44.6
66.8
37.8
54.8
1, 220. 9 1, 263. 8 1,369.4
1,137.0
Cotton, unmanufactured.
_ _ _ __do
Fruits, vegetables, and preparations
do
Grains and preparations
_
- do.
Packinghouse products
do
Tobacco and manufactures
do
Nonagricultural products total cf
Agricultural
Tractors parts and accessories
Electrical
Metal working §
Other industrial
Petroleum and products
Textiles and manufactures
•General imports, total
By geographic regions:
Africa _ _
Asia and Oceania
Europe
_
_
__
_ _
Northern North America
Southern North America
South America.
By leading countries:
Africa:
United Arab Republic (Egypt Region)
Union of South Africa
Asia and Oceania:
Australia, including New Guinea
__
Colony of Singapore
India and Pakistan
Japan
Republic of Indonesia
__
Republic of the Philippines
Europe:
France
East Germany
West Germany
Italy
Union of Soviet Socialist Republics
United Kingdom
North and South America:
Canada
_
do
1,154.2
1,118.1
1,300.9
1, 248. 4
1, 189. 8
1,391 8
1, 204. 8
1, 283. 2
1, 477. 8
_do
do
_ do
43.6
216.7
339.6
47.9
198.1
312.4
59.7
240.7
370.6
57.0
239.0
376.6
42.3
231.4
393.9
49.8
264.8
399.7
43.8
246.0
406.7
40.6
253.4
341.6
58 8
288 4
424 7
35.0
255.3
368.5
51.3
242.9
402.5
60.7
264.4
471.7
do
do
do
184.9
163.7
205.7
193.9
160.8
205.1
227.9
175.1
226.9
234.5
139.7
174.2
264 7
138.2
193.3
301.6
143.3
210.1
267 6
122.9
161.3
249 5
103.2
201.5
254 9
112 3
252. 5
284.0
86.0
176.0
291.7
106.9
187.9
288.8
140.9
251.3
do
do
4.5
7.8
.7
10.6
6.6
9.0
1.1
10.4
.4
7.6
.4
11.1
1.9
9.4
.4
5.9
.2
8.9
.1
8.9
.2
14.3
.3
14.8
do
do
do
do
do
do
10.8
3.6
20.3
66.6
17.6
19.9
12.5
2.9
16.6
60.4
18.1
18.8
11.7
2.6
22.0
83.1
12.6
27.4
19.8
1.6
23.0
79.5
15.9
25.8
16.7
1.7
21.9
78.1
13.6
27.8
18.3
2.5
20.3
88.9
22.9
29.4
17.3
2.4
20.0
91.3
15.1
30.9
17.3
2.5
19.6
88.4
14.0
34.4
22.5
2.0
20 3
99.3
17.8
36.0
15.8
3.0
18.5
95.9
15.3
25.5
14.1
1.8
19.3
95.9
12.6
21.1
20.7
2.4
21.0
107.8
15.0
14.7
do
do
do
do
do
do
32.1
.4
65.2
26.8
4.2
82.0
28.6
.3
60.1
25.2
3.1
79.9
34.3
.3
70.6
28.6
2.3
89.7
33.8
.3
75.2
29.2
1.5
95.7
43.4
.3
75.2
31.9
1.0
102.5
42.0
.9
80.2
32.5
1.8
98.0
43.5
.6
80.7
33.6
2.0
106.7
37.8
.2
66.8
34.5
2.3
85.6
42.5
3
87.3
34 0
3.6
102 9
36.2
2
75.6
35.2
2.5
94.0
42.9
.2
82.5
32.2
1.0
96.6
45.0
.2
99.4
44.0
3.0
103.6
264.5
301.4
267.5
249.3
254. 4
283. 9
291.4
288.7
306.1
322.2
259. 4
280.7
334.2
235.0
261.8
353.0
10.9
12. 1
49.5
53.8
15.6
15.8
22 7
30.8
50.1
49.7
42.6
40.4
61.4
62 4
1, 209. 0 1, 247. 3
15.7
38.5
17.3
31.4
54.4
34.9
86.9
1,335.5
8.6
31.5
15.1
28.0
56.2
27.2
57.6
1, 236. 1
9.7
70.6
14.7
27.4
43.6
24.8
60. 7
1, 190. 7
8 8
42.0
16.1
25.0
20. 1
24 6
62 6
214 6
7.8
39.0
17.3
25.5
23.7
28.4
77.2
1, 262. 5
8 8
66. 5
25.8
30.1
27 5
39 1
96 3
1.431. 6
do
184.7
193.8
227.9
234.5
do
313.7
316.9
345.2
286.9
12.0
Argentina
do
43.3
Brazil
do
20.9
Chile
do
22 8
Colombia .
do
29. 3
Cuba
do
46.
3
M^exico
do
84.7
Venezuela
do
1, 134. 5
Imports for consumption total
do
By economic classes:
262. 7
Crude materials
do
145.4
Crude foodstuffs
do
120.1
Manufactured foodstuffs and beverages
do
242.5
Semimanufactures _ .
do
363. 7
Finished manufactures
do
By principal commodities:
328.4
Agricultural products, totald"
do
18.3
Cocoa (cacao) beans, incl. shells
do
79.6
Coffee
_do .
32.7
Rubber, crude, including guayule
do
35.9
Sugar
do
21.3
Wool and mohair, unmanufactured _ _ do_ _
806.1
Nonagricultural products, totaled--do
15.1
Furs and manufactures
do
29.6
Iron and steel products©*
__do.__
81.3
Nonferrous ores, metals, and mfs., totalcf--do
15.3
Copper, incl. ore and manufactures
do13.1
Tin, including ore
_
- do
29.5
Paper base stocks
do
43.2
Newsprint
_
do. _ _
158.5
Petroleum and products
do
8.6
52.5
15.5
28.4
32.9
49.9
82.1
1,113.3
13.2
60.8
17.0
23.9
43.6
53.2
91.8
1,274.0
243.8
165. 6
110.8
255.5
337. 6
255.7
176.4
130.3
303.9
407.7
236. 6
153.9
142.6
258.2
417.8
246.0
161.0
142.1
261. 5
436.6
287.9
136.6
147.7
306. 1
457. 2
244.8
116.2
149. 1
270.8
455.2
251. 8
144.9
137.0
253.8
403.1
264.6
190.6
162.9
274.3
456.3
267.4
113 6
118.3
256. 9
458.4
252. 8
129. 2
109.9
299.5
471.1
283.3
189 5
127 9
322.7
508 1
333. 8
12.7
108. 2
29.5
37.7
18.7
779.5
10.0
30.8
70.7
16.2
9.5
27.2
44.2
166.7
370.8
14.8
106. 0
28.9
47.5
23.8
903.1
9.8
35.3
91.4
20.8
10.2
26.7
51.7
173.4
353.7
15.6
84.3
26.2
46.6
21.9
855.4
8.5
44.8
86.4
17.2
9.4
29.5
54.1
102.6
360.8
16.5
93.0
28.4
51.5
21.0
886.5
7.9
49.8
91.9
20.6
8.9
27.7
60.3
98.9
336. 8
14.9
74.3
29.1
52.3
18.7
998.7
8.9
55.2
111.0
26.6
19.7
29.9
59.5
142.2
317.1
9.4
61.6
32.1
58.1
15.2
919.0
6.5
59.4
94.8
19.9
5.7
29.9
54.2
93.9
351.6
9.4
99.5
32 0
48.3
14.7
839.1
4.5
49.1
87.7
22.2
5.5
28.5
54.9
102.8
418.6
14.4
136.7
35.0
50.5
20.7
930.1
5.9
54.5
94.3
31.1
14.4
28.2
58.8
115.6
277. 1
5.9
65.7
36 7
22.9
18.0
937. 4
4.2
56.6
93.3
21.9
8.6
29.0
58.9
112. 1
284.3
10.2
74.5
37.2
17.9
12.0
978.2
5. 7
76.0
105.7
42.3
7.6
32.0
60.9
122.9
367 2
23.0
113. 3
35. 7
26.2
18.1
1, 064. 3
21.0
82.8
111.4
43. 5
7.4
28.3
65. 1
141.5
Latin American Republics, totaled
10 1
82. 1
21.7
43.8
43. 1
25 6
66 1
1, 348. 7 1
_ _
1. 162 2
r
Revised.
f See similar note on p. S-21.
9 Data for semimanufactures reported as "special category, type 1" are included with finished manufactures.
cf Includes data not shown
separately.
^Excludes "special category, type 1" exports.
©Comprises pig iron, scrap, steel mill products, and other iron and steel products; excludes advanced manufactures. Revisions
for exports and data for imports (prior to December 1958) will be shown later.
*New series; see note marked " ©".
SURVEY OF CUEEENT BUSINESS
March 1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-23
1959
January
February
March
April
May
June
1960
July
DecemAugust SeptemOctober November
ber
ber
January
February
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines§
Scheduled domestic trunk carriers:
Financial operations (quarterly totals) :
Operating revenues total 9
mil. of dol
Transport, total 9
do
Passenger
do
Property
do
U S mail (excl subsidy)
do
Operating expenses (incl depreciation)
Net income (after taxes)
do
do
Operating results:
Miles flown revenue
thousands
Express and freight ton-miles
flown
do
Mail ton-miles
flown
do
Passengers originated, revenue
do
Passenger-miles flown, revenue
_ _
millions
57, 866
407.6
404.0
367.4
24.8
10.0
464.1
460.7
420.6
26.9
10.3
490.9
487.0
445.0
28.5
10.0
391.6
8 3
421.4
22,2
444.4
22.6
23, 406
9,078
3,255
2,061
56, 659
23, 478
8,728
3,126
1,921
64, 795
28, 326
9,993
3,705
2, 305
63, 029
26. 963
9,588
3,743
2,260
64, 036
27, 785
9, 562
3,818
2,295
64, 056
28, 543
9,200
4,112
2,628
65, 895
27, 841
9,128
3,982
2,593
66, 544
29, 341
8,996
4,191
2,734
63, 321
31, 230
9,307
4,032
2,515
64, 247
32, 789
10, 138
3,988
2,385
60,548
r 27, 521
9,264
3,712
2,202
63, 577
32, 087
14, 985
3,745
2,377
thous of dol
do
29, 420
8, 136
29, 049
8,414
33, 966
13, 075
31. 403
11, 839
30, 471
11, 330
32, 231
13, 029
29 406
10, 401
30, 292
11,033
34, 677
14, 708
34, 296
14, 422
32, 080
12, 164
40, 834
17, 171
cents
millions
mil. of dol
17.6
'638
111.3
17.7
605
105.9
17.7
673
115.8
17.7
668
117.4
17.8
667
115.9
17.9
630
110.9
18.0
597
112.2
18.1
571
107.1
18.1
631
110.0
18.1
666
124.5
18.2
627
117.8
18.2
682
127.1
18.5
616
Express Operations
Transportation revenues
Express privilege payments
Local Transit Lines
Fares, average cash rate
Passengers carried, revenue _.
Operating revenues
Class I Motor Carriers (Intercity)
Carriers of property (quarterly totals):
Number of reporting carriers
Operating revenues, total
Expenses total
Freight carried (revenue)
Carriers of passengers (quarterly totals):
Number of reporting carriers
Operating revenues, total
Expenses total
Passengers carried (revenue)
mil. of dol
do
mil. of tons
907
1, 073. 1
1, 025. 2
65.9
900
1,181.8
1 102 6
70.5
898
1, 159. 1
1, 103. 9
66.5
mil. of dol
do
millions
136
90.6
85.8
51.9
138
109.8
93 9
57.9
137
134.0
104.4
62.8
Class I Railroads
Freight carloadings (A. A. R.):cf
Total cars
_. _ _
Coal
Coke
_
Forest products
2,398
412
44
158
2,489
407
44
155
3,419
546
55
206
2,813
471
42
164
2,249
251
28
154
2,712
491
15
211
2,190
403
12
163
2,908
542
16
202
2,403
452
28
157
2,376
454
45
156
2,870
555
58
185
2 293
423
46
154
213
15
62
r
167
r
1,201
204
19
75
176
1,312
191
22
127
171
1,373
243
28
365
209
1,767
240
17
319
162
1,397
242
15
190
156
1,214
265
24
54
205
1,448
201
32
35
165
1,179
284
55
50
213
1,546
225
32
156
154
1,199
176
19
146
143
1,237
229
22
109
176
1,536
185
14
85
149
1,237
111
94
104
133
111
92
113
125
113
84
136
127
115
85
141
127
118
92
144
130
115
92
136
129
96
61
81
129
95
81
40
130
96
.87
42
127
98
90
42
123
107
97
93
136
120
97
142
143
119
95
143
141
113
87
137
129
156
38
221
26
120
154
34
218
27
123
155
42
229
28
128
153
44
173
27
133
159
44
173
27
134
169
35
180
26
129
143
35
88
25
114
135
37
25
26
108
132
46
21
26
108
161
52
23
26
107
167
46
152
25
114
134
36
403
24
129
137
35
310
24
131
133
32
297
24
127
mil. of dol
do
do
784.2
r 660. 4
57.9
748.3
637.8
49.0
857.9
734.6
51.4
856.4
736.8
48.3
879.5
756.9
50.5
899.8
765.7
61.5
821.6
687.3
64.2
774.4
642.7
62.4
769.2
648.7
49.9
808.3
687.3
47 3
780.9
658. 9
48 3
845.8
696.3
60. 5
789.3
667. 7
55. 1
Operating expenses..
__ do
Tax accruals, joint facility and equipment rents
mil. of dol
Net railway operating income
do
Net income (after taxes)
do
644. 5
609.2
655.5
652.7
667.9
674.2
658. 5
629.4
615.1
625.8
617.4
654. 3
103.5
r
36. 1
21.5
99.3
39.8
20.0
123.2
79. 1
58.0
121.3
82.3
62.4
124.2
87. 5
71.7
136.3
89 4
72.6
114.2
48 9
31.3
105 1
39 9
25.2
108.3
45.8
29.3
115.4
67. 1
50.0
107.2
56 4
40.7
114 1
77 3
Operating results:
Freight carried 1 mile
mil. of ton-miles
Revenue per ton-mile
cents
Passengers carried 1 mile (revenue)
millions
47, 625
1.434
1,924
45, 360
1.441
1,567
51, 232
1.462
1,705
51, 231
1.474
1,582
55, 440
1.421
1,691
53, 507
1.467
2,123
46, 179
1 531
2,296
47, 090
1 412
2,262
45, 786
1.459
1,714
49, 811
1 420
1,588
48, 881
1 385
1,571
49 502
12,687
10, 948
1,739
11,010
9,398
1,612
12, 365
10, 428
1,937
11,837
9,785
2,052
13. 886
11, 501
2,385
14, 032
11, 657
2,375
13, 459
10, 859
2,600
13, 242
10, 575
2,667
13,808
11,265
2,543
13,075
10, 591
2 484
13,164
10, 859
2 305
12, 942
11 018
1 924
4,365
953
4,231
853
4,726
1,055
4,264
964
4,861
1,344
4,748
1,290
4,837
1,218
4,542
1,114
4,334
1,091
4,287
901
4, 595
855
5,249
1,094
thousands
do
....
do
do
2,743
557
42
176
_
do
do „
do
do _
do
266
24
76
192
1,410
Freight carloadings, seas. adj. indexes (Fed. Res.):
Total
1935-39-100
Coal .
.
d
o
Coke
do
Forest products ._
do
Grain and grain products
Livestock
Ore
Merchandise, l.c.l
Miscellaneous
Grain and grain products
Livestock ._
Ore
Merchandise, l.c.l
Miscellaneous.
„__
Financial operations:
Operating revenues, total 9
Freight
__
Passenger
_
do
do
do
do
do
r 2, 292
446
38
r
149
r
43 6
Waterway Traffic
Clearances, vessels in foreign trade:
Total U.S. ports
thous. of net tons. _
Foreign vessels
do
United States vessels
do
Panama Canal:
Total
.
In United States vessels
._ thous. of long tons
do
r
Revised.
*> Preliminary.
§ Data beginning 1959 include operations intra-Alaska and intra-Hawaii, not included in earlier figures.
9 Includes data not shown separately.
cfData for January, May, August, and October 1959 and January 1960 cover 5 weeks; other months, 4 weeks.
4 871
873
SUKVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
March 1960
19 59
January
February
March
April
May
Juno
19 60
July
DecemAugust SeptemOctober November
ber
ber
January
February
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Travel
Hotels:
Average sale per occupied room
dollars
Rooms occupied
percent of total
Restaurant sales indexf --- same month 1951 = 100 _
Foreign travel:
U S citizens' Arrivals
thousands
Departures
_
do
Aliens 1 Arrivals
do
Departures
do
Passports issued and renewed
do
National parks, visits§
do
Pullman Co.:
Revenue passenger-miles
millions
Passenger revenues
.
_ _ _ _ thous. of dol
8 56
67
117
8 64
69
118
8 28
66
114
9 11
72
116
8 48
68
121
9 OS
69
117
8 42
60
117
9 41
64
110
9 28
70
116
9 65
73
114
9 52
65
110
8 55
53
115
115
118
74
60
48
428
117
128
65
54
58
478
150
148
82
66
86
630
139
144
82
64
95
746
143
159
95
79
93
1 348
165
224
99
99
84
3 158
199
226
105
98
65
5 30n
252
186
121
88
51
5 612
203
145
133
98
44
2 130
151
122
102
83
37
1 192
119
101
79
68
33
817
110
370
5, 845
318
6,130
311
5,063
268
4,356
255
4,124
301
4 813
302
4,829
300
4, 786
249
3 997
258
4, 135
241
3,818
288
4, 590
624. 7
357. 3
208.8
376.9
102. 1
58.7
610. 1
354. 6
197 2
363. 9
101.8
59.0
641.3
359. 8
223 3
387.9
105. 1
59.2
643. 5
363. 9
219 2
3S7. 4
106. 5
59.6
648 4
364. 7
222 6
388. 9
108.2
59.9
652 5
367 5
224 5
392 8
107.8
60 1
656 6
366 2
229 3
408 5
103.2
60 4
654. 3
365. 8
226 9
390. 5
110.3
60.6
654 3
369 1
222 3
400 2
109.6
61 0
666 6
376. 7
227 0
406. 7
102.0
61.3
657. 4
376. 3
217. 1
394.3
110.8
61.6
079.3
363. 3
232. 5
423. 3
120. 4
62. fi
20, 938
18, 657
1,264
19,921
17, 275
1, 680
22, 381
18,676
2, 664
21,878
18, 485
2,355
21 . 920
18, 920
1,959
22, 828
18, 960
2,849
21, 897
19,720
1,171
21, 905
18,812
2,218
21,992
19,114
2,034
22, 023
18, 967
2,263
20, 496
18, 225
1,540
?2 071
IS, 993
3, 089
3, 015
2,281
464
2,801
2, 21 1
349
2, 960
2,274
430
3, 021
2, 356
395
2, 888
2,413
214
3,055
2,388
435
3, 094
2, 364
411
2, 936
2, 246
367
3. 181
2, 304
449
3,237
2,399
489
3, 068
2, 289
449
3, 343
2,751
283
3,722
2 929
668
3, 506
2, 720
651
3,884
2,923
829
3,949
2, 922
900
3, 824
2, 949
750
4, 039
3 004
899
4,002
3, 080
810
3, 913
3, 060
721
4,094
3 078
894
4, 258
3 105
1,045
4,034
3 116
803
4,444
8 8?
66
116
82
38
1
56
578
72
COMMUNICATIONS
Telephone carriers:
Operating revenues 9
Station revenues
___
Tolls, message
Operating expenses, before taxes
Net operating income_
Phones in service, end of month
mil. of dol
do
do
do
do
millions
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues
thous. of dol
Operating expenses, incl. depreciation.. _ do- Net operating revenues
_ _ ..
-do. Ocean-cable:
Operating revenues
do
Operating expenses, incl. depreciation do _ .
Net operating revenues
do
Radiotelegraph:
Operating revenues.
_ _ _
do __
Operating expenses incl depreciation
do
Net operating revenues
do
o Ofi7
91fi
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:!
Acetylene.
._
_
..mil. of cu. ft
Ammonia, synthetic anhydrous (commercial)
thous. of short tons..
Calcium carbide (commercial)
do
Carbon dioxide, liquid, gas, and solid
do
Chlorine, gas
do
Hydrochloric acid (100% HC1)
do
Nitric acid (100% HNO 3 )
do
Oxveen (high purity)
mil. of cu. ft
Phosphoric acid (100% PjOs) __ thous. of short tons
Sodium carbonate (soda ash), synthetic (58% Na 2 O)
thous of short tons
Sodium bichromate and chromate _ _ . _ - do- _
Sodium hvdroxide (100% NaOH)
do
Sodium silicate (soluble silicate glass), anhydrous
thous of short tons
Sodium sulphates (anhydrous, re fined; Glauber's salt;
crude salt cake)
thous. of short tons
Sulfuric acid (100% H2S04)
do
993
994
980
974
1,004
1,020
1 090
386.8
87 9
97.5
349 5
87 6
366.5
88 4
108.4
359 2
86 6
342.6
81 4
102.5
364 0
89 9
359.0
79 0
90.9
364 3
89.2
390.0
75 9
83.1
387 0
90. 1
382.1
82 2
70.0
376 6
87.6
419. 7
103 9
70. 6
379 5
90. 7
261 7
4 728
163 6
233 0
4 639
147 9
233.4
3 207
140 3
241.8
2, 066
154. 1
261.3
2,033
153.4
268.7
2, 113
162.7
268. 5
3, 710
153.7
288.3
5, 246
158.2
404 5
10.9
375 9
434 6
10.4
402.2
413 1
10.0
387 9
419 7
10.2
394.7
423 8
9.4
398.7
406.5
8.9
397.5
428 1
10.1
420.0
427 6
10.5
407.0
402 3
10.4
404. 0
49.6
40.9
996
1 052
1 031
957
338. 8
79 2
62.4
331 4
80.3
326. 5
81 7
59.6
310 9
78 3
384.1
95 3
69.4
351 8
85 0
400.2
80 9
77.4
341 5
82 7
413.1
82 5
88.8
368 8
88 3
240.8
3 992
151.0
241.0
4 016
145 6
267. 2
4 656
166 9
268 1
4 652
168 2
357 o
9.7
364.4
362 3
8.5
335 6
416 8
9.6
387.2
35. 5
33 3
43 3
85. 5
1 464. 3
76. 5
1, 406 3
58, 614
90 525
1,890
47,290
79 951
1,387
38 134
28, 593
26 299
2,293
39,112
692
961
r
53 8
54.0
39 1
30 4
37.4
51.0
53.3
89.3
89.6
1, 579. 9 1, 595 9
88.7
1, 578 6
85.5
1, 469. 5
84.6
1, 365. 1
85.6
1,310.9
86.3
1, 336. 7
90.1
1, 445. 2
90. 5
1, 437. 9
92.3
1, 528. 3
57, 570
86 949
1,512
48, 729
90 445
1,797
57, 734
89 656
1, 610
57, 441
88 733
1,393
58, 546
92 679
1,012
58, 971
93 860
1,361
61, 095
90, 649
1, 262
64, 432
95,311
1,690
57, 303
81, 737
1,677
62, 266
104, 529
1,805
35 804
31,671
28 771
2,900
33, 474
633
42 995
29, 645
27 127
2, 518
43, 267
714
46 684
28, 947
26 623
2, 324
43,112
685
44 606
28, 625
25 792
2,834
42, 943
753
47 628
32, 747
29 962
2,785
42, 494
771
41 325
34, 848
41, 121
34, 110
39, 557
32, 269
42, 685
31, 579
42, 266
29, 497
41, 904
25, 266
42 520
29, 279
40, 003
708
38, 661
594
38, 348
714
42, 603
760
41, 984
676
47, 999
570
41, 659
620
21,007
21, 723
4,449
18,041
18, 184
4,311
23 243
23, 507
4,107
23, 195
22, 939
4,358
23 105
21,888
5,559
22 870
21, 609
6,744
21. 519
22, 788
5, 453
20, 819
21, 439
4,825
20, 688
21,965
3,506
22, 963
22, 631
3,827
22, 549
23, 924
2,448
25, 758
22, 885
5, 73o
22 497
24, 612
3,713
Creosote oil, production
thous. of gal
6,917
DDT, production
thous. of lb_^ 12, 932
6,821
Ethyl acetate (85%), production
do- _.
Ethylene glycol, production
do
97, 210
Formaldehyde (37% HCHO), production
do
137, 067
Glycerin, refined, all grades:
Production _
do
22, 000
Stocks, end of month
do
42 400
Methanol, production:
Natural
_ _.
thous. of gal 158
22, 837
Synthetic
do
Phthalic anhydride, production
thous. of l b _ _ 29, 018
7,423
11,422
6, 908
87, 747
129, 545
10,417
12, 629
10, 339
94, 036
148, 461
7,819
13, 440
5,394
91, 187
144,117
8,727
14,095
8,441
94, 677
141, 493
9, 052
14, 604
9, 359
94, 808
149, 652
6, 660
12, 809
7,248
91, 956
126, 515
5, 587
12, 717
7,923
96, 410
148, 129
6. 236
13, 328
7,935
96, 623
155, 724
4,819
13, 199
8,381
103,150
159,393
6,371
12,012
7,495
99, 114
154, 846
9.088
13, 550
10, 754
105, 406
140, 888
20, 500
44 800
21, 000
43 100
19, 900
39 600
21,100
36 700
24, 600
38 900
18, 500
35, 000
23, 700
34, 000
25, 400
32, 900
25, 600
36, 800
23, 800
39, 600
23, 500
42, 500
155
20, 670
23, 995
192
19, 774
34, 223
156
18, 849
33,316
203
21, 144
34,911
192
21, 800
31, 850
192
22, 265
32, 731
179
22, 699
30, 970
164
22, 591
27, 091
184
23, 239
23, 274
161
23, 770
17, 481
187
24, 998
26, 483
Organic chemicals :_?
Acetic acid (synthetic and natural), production
thous. of lbAcetic anhydride production
do
Acctylsalicylic acid (aspirin) production
do
Alcohol, ethyl:
Production
thous of proof gal
Stocks, end of month, total
do
In industrial alcohol bonded warehouses do
In denaturing plants
do
Used for denaturation. .
_ _ _ do
Withdrawn tp^x-paid
do
Alcohol, denatured:
Production
thous. of wine gal
Consumption (withdrawals)
.
_ do
Stocks, end of month
do- _
r
r
25, 100
40 100
Revised.
1 Reflects revised definitions of visits; comparison of January 1960 figure (on old basis) with data for January 1959 shows an increase of roughly 24 percent.
t Revised series (first shown in October 1959 SURVEY), reflecting change in comparison base period; monthly data for 1953-July 1958 are available upon request.
§Beginning with the October 1959 SURVEY, the figures include visits to Mount McKinley, Alaska and Hawaii National Park, Hawaii. Comparable data for earlier periods will be shown
later.
9 Includes data not shown separately.
^Revisions for 1957 and January-September 1958 will be shown later.
cfData (except for alcohol) are reported on basis of 100-percent content of the specified material unless otherwise indicated.
SURVEY OF CUEEENT BUSINESS
March 1060
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-25
1959
January
February
March
April
May
June
1960
July
DecemOctober NovemAugust September
ber
ber
January
February
CHEMICALS AND ALLIED PRODUCTS—Continued
FERTILIZERS
Consumption (10 States) §
Exports total 9
Nitrogenous materials
Phosphate materials
Potash materials
Imports, total 9
_
Nitrogenous materials, total 9
Nitrate of soda
__ _
Phosphate materials
Potash materials
411
338, 184
53, 558
249, 661
25, 648
581
447,716
122, 223
276, 337
30,316
1,491
476, 844
83, 044
319,450
62, 689
1,799
464, 114
43, 281
354, 754
58, 321
1,488
471, 229
39, 425
375, 558
40, 118
789
473, 002
40, 778
393, 906
26, 446
316
530. 043
62, 390
438, 590
25, 334
198
462, 443
34, 861
368 917
40, 171
339
456, 690
33, 852
362, 969
51, 178
322
437, 592
24,170
326, 939
74, 683
336
342, 512
62, 129
239, 817
27, 740
343
567, 564
68, 680
377, 877
97, 357
136, 003
82, 371
23, 456
4, 003
28 390
222, 337
126, 272
28, 019
14, 243
45 387
271, 328
153, 100
48, 461
10, 987
48 412
304, 488
163, 525
45, 283
8,642
51, 184
210, 864
129, 819
53, 239
9,864
15, 349
233, 441
143, 529
38, 837
33, 270
20 582
371,174
287, 017
45, 418
25, 985
34 857
323, 81 9
200, 980
32, 651
6, 122
93 022
326, 968
199, 315
67, 118
12, 989
76 514
135, 795
92, 385
25, 933
7, 460
15 538
149, 848
89, 390
24,507
8 444
6 692
261,711
145, 033
28, 843
19, 296
68 169
113, 247
166, 899
276, 146
360, 096
193, 210
85, 226
114, 563
223, 688
110, 579
187, 975
109, 971
255, 027
225,616
385, 448
236, 354
383, 647
265, 920
299, 965
257, 522
179, 589
241, 899
160, 279
188, 788
240, 179
169, 247
284, 881
178, 153
293, 775
198, 086
281, 613
220, 205
292, 636
220, 762
329, 903
238, 117
363, 718
352
61, 215
205
67, 404
127
73, 523
316
86, 657
208
80, 427
124
80, 696
84
72, 245
141
75, 282
223
72, 049
174
74, 223
241
70, 143
182
72, 838
157
69, 874
125 5
71.2
54 3
120.7
67.7
53.0
150. 7
87.7
63.0
170.7
103.0
67.7
173.0
104.1
68.9
175. 9
106. 5
69.4
166.7
102.9
63 8
158.4
98.4
60.0
156. 6
96.4
60 2
143 0
83.2
59 8
121 4
70 8
50 6
119 6
64.5
55. 1
130 3
70 3
60 0
346
4,427
318
4,376
374
4,325
391
4,248
389
4, 156
347
4,079
318
3,988
369
3,876
399
3,815
483
3, 899
408
3,834
412
3,810
389
3 846
4, 580
8,810
294
3, 852
7, 954
290
3,713
9,049
288
4,634
9,432
317
3,882
8,121
315
4,028
8,292
304
4,437
8,012
250
4,086
8,690
238
4, 187
8,877
247
4,706
9, 519
243
4,096
8,857
106
4 914
8 380
216
do
do _
do
- do _
do
44, 008
62, 241
29. 162
83, 659
30, 683
41,819
60, 905
27, 693
82, 937
29, 649
47, 956
73, 706
30, 064
92,310
34, 023
44, 943
67, 625
31, 565
92, 122
36, 373
46, 567
73,915
30, 370
98, 884
35, 729
46, 320
72, 312
33, 967
98, 405
34, 395
39, 952
65, 723
23, 470
94, 272
30, 587
46, 522
69,210
28, 368
98, 766
32, 200
4Q, 988
75, 829
31,051
98, 924
33, 167
51, 754
78, 938
34, 146
105, 653
33, 197
48,519
73, 625
29. 366
100, 470
25, 541
47 318
77, 851
28 538
103, 701
27 559
do _
do
do
do ._
10, 469
11,041
87, 329
23, 057
10, 194
10,712
78,419
21, 592
10, 604
14, 783
95, 133
26, 164
12,413
15,691
98,312
25, 903
12, 518
14, 068
104. 549
24, 192
12, 601
13 680
98, 907
26, 468
10, 706
11 686
100, 477
22, 434
11, 428
11 394
103 097
25, 748
12, 419
11 053
104 616
27, 750
12, 878
12 804
109 338
25, 735
12,362
11 777
110 802
24, 917
12
13
112
25
- _ thous. of short tons
short tons
_ _ -- _ _ do
do
do
do
do
do
do
do
Potash deliveries
__ _
- - do
Superphosphate and other phosphatic fertilizers (100%
A.P.A.):
Production
short tons
Stocks, end of month
do
406
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments:
Black blasting powder
- thous. of Ib
High explosives
do
Paints, varnish, and lacquer, factory shipments:
Total shipments
mil of dol
Trade products
do
Industrial finishes
do
Sulfur (native):
Production
thous. of Ions tons
Stocks (producers'), end of month
do
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:
Cellulose acetate and mixed ester plastics:
Sheets rods and tubes
thous of Ib
Molding and extrusion materials do
Nitrocellulose sheets, rods, and tubes
do - Phenolic and other tar acid resins
Polystyrene
-Urea and melamine resins
Vinyl resins
Alkyd resins
--
Rosin modifications
Polyester resins
Polyethylene resins
Miscellaneous (incl. protective coatings) cf_
123
752
660
642
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total J
mil. of kw.-hr-.
Electric utilities, total
do
By fuels
_ _
do
By waterpower
do
67, 227
59 943
48, 652
11 292
60, 968
54 158
43, 487
10 671
65, 889
58 352
46, 327
12 025
63, 394
55 807
43, 637
12 170
65, 381
57 661
45, 924
11 737
67, 390
59 840
48, 586
11 254
68, 539
61 695
50 212
11 482
69, 562
63 084
52 127
10 957
64, 846
58 585
48 321
10 264
65, 499
5() 032
47 529
11 503
65, 275
58 433
46 764
11 668
70, 539
63 111
50 427
12 683
71,532
64 021
51 007
13 014
Privately and municipally owned utilities, do
Other producers (publicly owned). do
48, 688
11, 256
43, 938
10, 220
47, 369
10, 983
45, 376
10, 431
46, 872
10, 790
49, 001
10, 839
50, 037
11, 658
51, 263
11,821
47, 979
10, 605
48. 359
10 673
47, 889
10 544
51, 850
11 261
52, 346
11 675
do
do
do
7,284
6,999
285
6,810
6, 554
256
7, 537
7,247
290
7,587
7,264
323
7,720
7,411
309
7,550
7,284
267
6,844
6 608
236
6,478
6 261
217
6,261
6 017
245
6 467
6 170
297
6 842
6 550
292
7 428
7 100
328
7 511
7 173
338
do
52, 461
51, 140
51,427
50, 434
50,410
52, 120
52 661
53 658
54, 079
52 061
51 688
P 54 500
do
do
8 810
24, 301
8 647
23, 826
8, 549
25, 052
8 4^9
25, 049
8 673
25, 743
9 433
26 550
10 114
25 531
10 611
25 297
10 687
25, 354
9 810
25 191
9 244
25 047
P 9 400
P 26 100
355
16, 363
868
563
1, 149
51
339
15, 741
860
509
1, 171
47
333
14, 848
921
497
1,167
60
307
13, 907
1,083
454
1, 150
56
289
12, 975
1,088
424
1, 161
56
282
13, 008
1,191
404
1, 193
59
277
13 681
1,408
415
1 170
65
363
14, 190
1,499
446
1,193
60
364
14 581
1,343
478
1,211
60
380
13 916
978
524
1,210
51
401
14 314
875
561
1,204
43
885.7
872.3
859.0
842.7
842.0
867.2
886 2
906.9
921 5
891 1
881 6
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 _ _ _
do __
Residential or domestic
__do
Rural (distinct rural rates)
do
Street and highway lighting..do
Other public authorities
do
Interdepartmental
do_- _
Revenue from sales to ultimate customers (Edison
Electric Institute).....
mil. of dol
P 15 925
GAS
Manufactured and mixed gas (quarterly) : J
Customers, end of quarter, total 9
thousands- Residential
__
._
_ do
Industrial and commercial
-_do
2,878
2,686
191
2, 866
2,674
189
2,770
2 584
184
mil. of therms-_do _
do
960
748
205
511
344
154
287
163
114
Revenue from sales to consumers, total 9
mil. of doL_
Residential
do
Industrial and commercial
do
121.7
97.6
23.4
70.9
53.5
16.7
42 8
30 6
11.9
Sales to consumers, total 9 -Residential _
Industrial and commercial
r
_._
Revised.
*> Preliminary.
§States represented are: North Carolina, South Carolina, Georgia, Florida, Alabama, Tennessee, Arkansas, Louisiana, Texas, Oklahoma. According to quarterly reports from Virginia,
consumption in that State is as follows: (thous. short
tons): 1959—January-March, 316; April-June, 303; July-September, 69; October-December, 73.
9 Includes data not shown separately.
cf1 Data prior to 1959 exclude protective coatings.
jElectric-power production revisions for 1958 appear on p. 20 of the January 1960 SURVEY.
Manufactured and mixed gas revisions for 1st and 2d quarters of 1958 are available upon request.
SURVEY OF CURRENT BUSINESS
S-26
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
March 1960
1959
January
February
March
April
May
June
1960
July
DecemAugust SeptemOctober November
ber
ber
January
February
ELECTRIC POWER AND GAS—Continued
GAS— Continued
Natural gas (quarterly) : 9
Customers end of quarter total
Residential
Industrial and commercial
Sales to consumers, total
Residential
Industrial and commercial
thousands
do _
do
__ mil. of therms__
_ do .
_
do
Revenue from sales to consumers, total
Residential
Industrial and commercial
mil. of doL.
do
do
28, 950
26, 625
2,289
28, 815
26, 557
2,223
28 979
26, 740
2,204
27, 604
12, 966
13, 543
19, 984
5,626
13, 254
15, 618
2,332
12, 434
1, 687. 1
1, 093. 1
559 4
1,053.8
549.4
472 4
735.7
299 2
411 5
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Production
thous. of bbl
Taxable withdrawals _
__ ..
do
Stocks, end of month
do
Distilled spirits (total) :
Production
thous. of tax gal
Consumption, apparent, for beverage purposes
thous. of wine gal
Taxable withdrawals
thous. of tax gal__
Stocks, end of month.
_do_ _.
Imports
thous. of proof gal
Whisky:
Production
thous. of tax gal__
Taxable withdrawals
_ _
do
Stocks, end of month.
_ __ __ do. _
Imports ...
-_ _thous. of proof gal-Rectified spirits and wines, production, totald"
thous. of proof gal__
Whisky
_ _
do
Wines and distilling materials:
Effervescent wines:
Production
thous. of winegaL.
Taxable withdrawals
do _
Stocks, end of month
do
Imports
_
do
Still wines:
Production _ _
_
do
Taxable withdrawals.
do
Stocks, end of month __ _
do
Imports
.
do__Distilling materials produced at wineries
do
6,353
5, 565
9 437
5 894
5,346
9 631
7 702
6,717
10 161
20 431
8,679
7,510
10 842
8 672
7 969
11 069
9 586
8 823
11 316
9,648
9,307
11 116
8 689
8 602
10 698
8 115
8 063
10 261
7 230
6 977
10 086
5 950
5 970
9 714
6 609
6 775
9 091
6 461
5 595
9 649
29 214
39 679
25 994
22 270
22 ?94
22 076
23 407
21 970
19 264
11 235
i 15, 134
11,043
861, 884
1,801
i 15,328 i 18, 674
12, 978
11,545
866, 203 872, 729
1 851
2 330
117,153
13,354
878, 848
2 548
M8,175
13,972
884, 492
2 669
i 18, 634
12,817
888, 779
2 517
i 17, 259
12,909
884, 237
2,377
1
17, 186
15, 085
881 152
2 750
1
17, 408 121,232
19, 440
15, 946
879 755 879, 538
3 959
3 613
16, 053
883 354
4 010
10, 749
891 426
3 535
10, 630
899 260
14, 441
5,901
759, 106
1,568
13, 994
6 311
763 704
1,680
14, 468
6 635
768, 353
2,054
15, 509
6 311
774 234
2,280
14, 532
6 599
779 245
2,359
12,131
5 967
782 853
2,236
6,747
5 720
781, 225
2,112
7,193
7 676
777 675
2 449
9,854
7 715
776 868
3' 173
12, 149
10 045
775 401
3 568
12, 599
8 661
775 767
3*590
11 716
5 641
779 443
3' 118
13 945
5 449
785 378
5,145
3, 940
6,146
5 013
6,308
5,046
6,382
5 069
6, 805
5 316
6,445
4 972
5,979
4,703
6,755
5 173
8 377
6 646
9,909
8 083
8 224
6 543
5 741
4 390
5 236
3 853
224
197
1,645
37
321
149
1,797
43
381
189
1,974
50
295
177
2,069
56
301
216
2,138
68
349
268
2,188
62
305
167
2,308
46
285
204
2,326
52
229
275
2,296
96
251
357
2,154
102
248
432
1 949
108
334
431
1 814
140
2,384
11,351
190, 055
522
3,119
2,392
11,169
177 436
522
1,579
3,015
13, 334
169 432
703
2,537
2 895
11,870
157 261
668
2,531
1 766
1 601
10, 921 r 11, 283
149 563 138 073
696
889
4,474
2, 885
1,410
9,671
126, 029
552
2,185
6 243
10, 406
117 477
690
21, 677
57 452
12, 287
167 740
981
122, 953
74 543
13 269
229 309
782
144, 090
12 702
13 731
226 273
'912
25 110
4 175
13 946
209 747
1 128
7, 254
108 190
64, 033
.589
121 395
63, 294
.588
126 845
82, 278
.588
143 390
104, 138
.587
135 605
138, 224
.588
112, 485
148, 060
.593
90 890
131, 988
.609
82 555
93 012
.637
92 105
67 286
.633
91 240
46 690
.647
108 105
31 050
.630
118 760
33 602
.588
96 570
64 155
116 720
78 055
128 225
90 750
153 335
114 410
150 075
112 310
129, 355
94 085
113 440
81 350
103 170
69 950
97 930
61 585
88 720
53 465
100 495
59 825
101 490
63 310
21, 969
r
15 624
DAIRY PRODUCTS
Butter, creamery:
116, 300
Production (factory) J
_
thous. of Ib
63, 708
Stocks, cold storage, end of month _ _
do
.588
Price, wholesale, 92-score (New York)
dol. per lb__
Cheese:
Production (factory), total!thous. of Ib
100, 495
American whole milk}
do
65 690
.588
Stocks, cold storage, end of month, total
do
269. 469 260 100 257 271 283 189 310 107 347 725 371, 620 375 833 369 862 349 461 3°0 215 304 084 282 629
American, whole milk
do
235, 998 227 830 226 083 248 748 272 216 307 301 330, 626 334 261 397 126 308 105 281 033 265 671 245 37Q
Imports
_ ._
_ _ do
5,320
3,906
3,614
4,853
5,148
5,649
8 753
4 268
4,879
4 167
6 724
6 576
Price, wholesale, American, single daisies (Chicago)
.382
.381
.380
.382
.382
dol. per lb_.
.380
.388
.380
.380
.415
.385
.415
.415
.401
Condensed and evaporated milk:
Production, case goods:!
Condensed (sweetened)
thous. of l b _ _
4,220
6,160
5,725
5,230
4,880
6,100
5,430
5,310
4,480
4,470
4 925
5 025
4 370
Evaporated (unsweetened)
_ do
143, 500 140, 900 182, 600 208, 200 272, 400 269, 600 235, 200 216, 200 184, 800 152, 200 124, 700 136, 200 132, 900
Stocks, manufacturers', case goods, end of month:
5,715
Condensed (sweetened)
thous. of lb__ r ' 3, 513 3,791 T r 5, 116
6,444
5,412
5,666
4,859 * 5, 722
5, 108
6 913
3 718
4 270
84, 242 106, 198 r 197,752 288, 979 r 332,895 r 375,354 383 959 r 325,095 279 028 225, 092 178 446
Evaporated (unsweetened)
._
do _ 136,023
92, 420
Exports:
5 002
2,691
3 563
2 708
3 127
Condensed (sweetened)
do
2 853
3 486
2 653
3 854
3 370
2 015
3 176
""
5,057
4,444
17, 063
Evaporated (unsweetened) _ _
do _
11,491
4,524
5,983
4 362
2,083
9 259
10, 669
5,131
2 834
Price, manufacturers' average selling:
6.16
6.15
Evaporated (unsweetened)
dol. per case6.38
6.15
6.16
6.17
6.17
6.17
6.25
6 18
6. 18
6 34
6 37
Fluid milk:
r
r
T
Production on farms
_ _ __ .
_ mil. of lb_ « r 9, 854
9,862
' 9, 373 T 10, 734 Ml, 209 r !2 536 r 12 059 r 11, 158 r 10, 243 r 9 471
9 389
9 476
9 679'
S 894
4,148
Utilization in manufactured dairy products} _-do. _3,741
3,568
3,246
4,092
3,788
3,070
3,168
5,108
3, 504
4,372
3.527
4,913
4.34
3.90
4.48
4.54
4.09
4.06
4.22
4.36
4.36
3.75
3.70
3.89
Price, wholesale, U.S. average
dol. per lOOlb..
4.60
^4.25
Dry milk:
Production:}
Dry whole milk
_.
thous. of lb_
7,100
8,300
9,700
8,900
6,600
7 750
8,150
7,400
8.800
7 400
8 800
8,000
9 800
138, 250 132, 450 157, 400 178,200 211,200 200, 000 150, 400 117,500
Nonfat dry milk (human food)
do
96. 200
99, 300 104, 600 136, 800 149, 000
Stocks, manufacturers', end of month:
7,490
7,282 r 4, 919 r 5, 724
6,390
6,025
6,486
6, 203
6,772
' 7, 573 7,055
6, 235
Dry whole milk _ _
do
5,343
r
87, 548 r 79, 866 T 78, 953 r 88, 343 r 125,087 r 144,822 r 132,252 r 114,672 r 98, 648 r 86, 915 r 85, 356
96, 567 102, 204
Nonfat dry milk (human food)
do
Exports:
1,812
2, 035
2, 560
3,961
2 997
1,276
2,798
2,203
1,393
1,779
1,577
1 535
Dry whole milk
do
12, 524
5,550
29, 524
6,931
19, 402
27, 786
35, 105
13, 743
Nonfat dry milk (human food) _
do
30, 972
53, 505
21, 920
19, 885
Price, manufacturers' average selling, nonfat dry
.136
.135
.136
.136
.136
.136
milk (human food)
dol. perlb__
.137
.136
.135
.137
.136
.135
.137
T
Revised.
» Preliminary.
i Data for Alaska, included beginning January 1959, are as follows (thous. of wine gallons): January-October—30; 26; 32; 49; 45; 51; 40; 40; 50; 38.
9 Totals include data not shown separately. Revisions for 1st and 2d quarters of 1958 (back to 1952 for total sales and total revenue) are available upon request.
cf Data beginning July 1959 exclude production of wines and vermouth; for July 1958-June 1959, such production totaled 43,600 gal.
^Revisions for the indicated items and for the periods specified are available upon request as follows: Butter and cheese (total and American)—January 1957-July 1958; condensed and evaporated milk—January-July 1958; dry whole milk—January 1952-December 1955 and January-July 1958; nonfat dry milk—January 1954-July 1958; fluid milk used in manufactured dairyproducts—January 1956-August 1959.
"Revisions for January-December 1958 (mil. Ib.): 9,754; 9,309; 10,704; 11,175; 12,654; 12,309; 11,410; 10,395; 9,464; 9,460; 8,903; 9,346.
SURVEY OF CURRENT BUSINESS
March 1960
Unless otherwise staled, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-27
1959
January
February
April
March
1960
July
June
May
January
DecemOctober NovemAugust September
ber
ber
February
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
thous of bu
Shipments, carlot
_ No. of carloads
Stocks cold storage, end of month
thous of bu
2,136
27, 955
2,249
7,876
2,225
14, 244
1,997
20 912
1,545
3,893
583
306
893
1,577
330
14, 300
187
307
1, 526
44, 259
1, 516
49, 791
1118,227
r
2, 300
33, 586
7,016
8,285
8,846
8,592
7,037
6, 037
5, 203
4,241
3,539
4,603
' 9, 430
404, 354
396, 238
687, 121
361, 374
418, 899
647, 899
305, 726
487. 091
637, 920
286 046
595, 481
593, 334
362, 245
633, 096
623, 129
498 221
573, 275
730 596
533, 934
517, 051
871, 747
521, 708
446, 617
925, 030
512, 461
401, 760
930 662
498, 016
356, 983
906, 970
464, 698
360, 091
842, 288
14 383
17 297
17 155
16 437
16 426
8 938
7, 124
9,499
10 223
11 279
1r242, 998
12, 822
3.130
2.783
4.219
5.000
5.450
4.090
3.635
3.150
3.400
4.063
r 3. 804
73, 190
58, 932
64, 140
62, 830
72, 163
70, 769
82, 792
65, 228
63, 717
59, 339
63, 992
71, 664
14, 238
12, 378
12, 673
12, 585
11, 430
13, 731
21, 156
32, 227
18. 110
14, 977
14, 710
H20 161
11,379
47, 149
47 639
39, 222
35 645
39, 474
35 738
6 918
14 368
14 782
40, 896
266, 882
11,821
38, 014
5 994
35, 140
2 65, 315
12. 077
4 474
34, 988
11 492
43 524
153, 825
7 715
12, 573
1.169
1.139
1.214
1. 175
1.180
1.139
1.228
1.183
1.235
1.197
1.207
1.155
1. 165
1.160
1.167
1.120
1.174
1.094
1.172
1.108
Citrus fruits, carlot shipments
No. of carloads. _
7,809
Frozen fruits, juices, and vegetables:
Stocks, cold storage, end of month:
Fruits
thous of Ib
458 198
Fruit juices and purees
_ ___
do
297, 741
Vegetables
do
761, 248
Potatoes, white:
Production (crop estimate)
thous of cwt
Shipments carlot
No of carloads
15 333
Price, wholesale, U.S. No. 1 (New York)
dol. per 100 Ib
2.925
r
1, 637
24, 448
1,767
r
6,458
7, 354
432, 424
487, 849
762, 260
r
14, 615
13 189
p 4. 217
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats, rye, wheat) thous. of bu__
Barley:
Production (crop estimate)
do
Receipts, 4 principal markets
_do
Stocks, domestic, end of month:
Commercial
do
On farms
_ _ __ _ _
do
Exports including malt§
do
Prices, wholesale (Minneapolis):
No. 2, malting
dol. per bu._
No. 3, straight.
_ _
do__
Corn:
Production (crop estimate)
_ mil. of bu
Grin dings wet process
thous of bu
Receipts, interior primary markets
do
Stocks, domestic, end of month:
Commerical
- do
On farms
mil of bu
Exports, including meal and flour.- _ thous. of bu
Prices, wholesale:
No. 3, yellow (Chicago)
dol. per bu__
Weighted average, 5 markets, all grades
do
Oats:
Production (crop estimate)-- _ _ _ _ _ _ _ mil. ofbu
Receipts, interior primary markets
thous. of bu__
Stocks, domestic, end of month:
Commercial
_ _ . _ _ _ _ _ _ . _ - _ _ do_ _
On farms
do
Exports, including oatmeal_ _ _ _ _ _ _ do _ .
Price, wholesale, No. 3, white (Chicago)__dol. per bu__
Rice:
Production (crop estimate)-. _ _ _ thous. of bags 9
California:
Receipts, domestic, rough
_ _ thous. of Ib
Shipments from mills, milled rice ..
do
Stocks, rough and cleaned (cleaned basis), end
of month
- thous. of Ib
Southern States (Ark., La., Tenn., Tex.):
Receipts, rough, at mills _
do
Shipments from mills, milled rice
do ,Stocks, domestic, rough and cleaned (cleaned
basis), end of month
mil. of Ib
Exports
_
___ ,
- , thous. of lb_
Price, wholesale, head, clean (N.O.)_..dol. per lb_.
Rye:
Production (crop estimate).
_ _ thous. of bu_
Receipts, interior primary markets _
_ do
Stocks, commercial, domestic, end of month._-do
Price, wholesale, No. 2 (Minneapolis) --dol. perbu.-
11 742
28, 388
3
97, 973
105, 231
16, 444
1.171
1.098
do
do
11 759
33, 166
3
12 547
36, 402
3
12 751
42, 520
3
12 724
28, 388
3
13, 545
34, 702
3
12 685
24, 226
3
13 863
21, 592
35 096
8 337
1.174
1.112
1.159
1.085
1.170
1.114
1. 144
1 083
13 575 3 14, 107
18, 452
26, 839
3
11 901
55 612
3
4, 361
11,812 3 12, 492
31, 974
21, 916
32, 448
129, 388
129,711
1. 144
1.043
1. 128
1 012
107, 094
124, 633
15, 094
12, 902
23, 410
136, 123
3, 094. 4
26, 005
1.272
1.203
1.163
1.116
1.097
1.071
1.100
1.044
1.095
1.025
19, 975
18, 379
8,159
5,981
5,693
i 1, 074
6,412
14, 365
2298,427
4,412
2,345
.700
.694
21, 754
29, 246
26, 084
19, 028
9,330
.701
4,845
.704
31, 054
898, 338
2, 495
.686
4,202
.740
5,546
.792
96, 452
50, 769
93, 618
62, 920
127, 557
74, 501
48, 000
42, 687
29, 510
37, 521
185, 610
75, 389
78, 034
46, 481
45, 664
26, 875
104, 622
101, 876
21, 452
22, 339
1.290
1.225
1.289
1.246
1.265
1.222
6,474
9,140
9,348
19, 659
17, 298
3,328
.676
20, 154
584, 877
2,218
.676
90, 282
92, 837
115, 677
77, 788
110, 076
68, 975
120, 285
121,421
16, 721
16, 679
1.179
1.101
1.207
1.130
1.283
1.218
9,140
5,741
7,206
23, 013
22, 183
4,040
.699
133, 123
60, 326
2,200
.700
3
10^,718
2331.3
15, 835
116,813
1,117.5
19, 737
109, 792
1, 817. 9
13, 597
17. 824
699, 390
1,241
.796
5,892
5,712
16, 029
15 896
.780
.755
111, 624
51, 671
125 912
51 767
125 320
i 53, 122
84, 303
56, 289
93, 683
55, 408
53, 447
51, 417
57, 281
53, 396
55, 578
72, 678
77, 295
75, 423
95, 151
135, 098
131, 856
68, 465
141, 994
98, 036
119, 870
29, 009
170, 607
36, 041
156, 838
61,418
209, 588
34, 322
140, 284
250, 976 1,168,507 1,144,978
150, 912 219, 857 237, 604
288, 156
204, 498
110, 022
165, 228
118, 155
217, 375
1,137.1
69, 613
.094
1, 038. 0
55, 341
.093
867.0
131, 368
.091
723.8
91, 533
.089
617.1
137, 551
.089
488.9
175, 264
.093
592.2
142, 268
.091
365.8
204, 780
.089
891. 1
90, 401
.081
1, 401. 0
202, 703
.081
1, 363. 7
113, 241
.081
1, 274. 3 1, 177. 2
96, 800
'. 083
p. 083
1,042
4,271
1.274
830
3,680
1.289
1,001
3,374
1.311
557
3,122
1.303
1,042
2,093
1.250
594
2,820
1.260
2,524
4,979
1.242
4,017
7,613
1.261
1,441
8,702
1,256
821
8,336
1.264
1,177
7,535
1.253
United States domestic totaled
mil of bu
Commercial (at terminal cities) f _ _ _ thous. of bu__ 429, 989
Interior mills (incl. merchant), elevators, and
warehouses _ _ _ _ _ . _ _ _ _ _ _ _ -thous. of bu_
On farms
_
do
flour
13, 229
37, 253
1
3
Wheat:
Production (crop estimate), total- _ _ _ mil. o f b u _ _
Spring wheat
do
Winter wheat
do _
Receipts, interior primary markets
thous. of bu__ 31, 988
Disappearance (quarterly total)
do
Stocks, end of month:
380, 133
Canada (Canadian wheat)
do
Exports total including
Wheat only
15, 785
37, 505
198, 429
7,879
40 911
35, 427
30, 387
37, 079
282, 147
20, 453
31, 988
375, 434
374, 184
376, 435
359, 558
433, 776
1,541.2
419, 579
432, 427
31 727
28, 410
40 391
36 851
23, 101
18, 556
51, 258
40, 170
274, 047
25, 251
368, 623
406, 382
398, 930
384, 031
369, 722
369, 701
382, 691
381, 761
375 410
556, 360
2 133.6
526,717
540, 605
1, 876 4
522, 243 485, 656
502, 137
487, 084
1,278.6
418, 706 2391,378
43 607
36 826
298
5,810
1.178
86, 660
539, 068
2691,241
2114,937
36 968
31, 521
UJ28.2
1
204. 7
i 923. 4
18, 775
25, 076
259, 149
287
6,424
1.213
51, 078
264, 180
2
761, 126
283, 420
i 21, 495
583
7,792
1.214
34 408
26 762
1,074,638
455, 257
36 322
33 439
29 917
25 634
33, 099
27, 627
988, 028
331, 742
29 400
25, 527
26, 261
21, 818
35 497
26, 940
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
2.245
2.246
2.293
2.241
2.243
2.295
2.299
2.242
2.310
2.211
2.215
2.282
2. 205
dol. per bu__
2.227
2,072
2.058
2.013
2.081
1.916
1.998
2.048
2.067
2.030
1.936
1.993
2.090
No. 2, hard winter (Kansas City)
do
2.028
2.100
1.881
2.048
1.998
1.979
2.041
1.904
1. 858
1.885
1.773
1.867
No. 2, red winter (St. Louis)
_ _ _ _ _ _ do
2.037
1.801
2.018
(4)
2.241
2.237
2.246
2.281
2.122
2.162
2.248
2.280
2.248
2.195
2.212
Weighted aver.. 6 markets, all grades
do
2.187
2.087
2.191
l
'Revised.
v Preliminary.
December 1 estimate of 1959 crop.
2
Data beginning January 1959 are on standard 17-percent
Old crop only; new grain not reported until beginning of new crop year (July for barley,- oats, and wheat; October for corn),
oisture basis; prior thereto, on basis of varying moisture content (from 12 to 25 percent). J:anuary 1959 figure comparable with earlier data is 11,885,000 bushels.
* No quotation.
§Excludes a small amount of pearl barley.
9 Bags of 100 Ib.
cf The total includes wheat owned by Commodity Credit Corporation and stored off farms in its own steel and wooden bins; such data are not included in the breakdown of stocks.
JData for March, June, September, and December are not strictly comparable with those for other months, largely because of somewhat smaller coverage of the quarterly reports.
SUBVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
March 1060
1959
January
February
March
April
May
June
1960
July
DecemAugust SeptemOctober November
ber
ber
January
February
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Continued
Wheat flour:
Production:
Flour
thous of sacks (100 Ib )
Operations, percent of capacity
Offal
._ thous. of short tons
Grindings of wheat
thous. of bu
Stocks held by mills, end of quarter
thous of sacks (100 Ib )
Exports
do
Prices, wholesale:
Spring, short patents (Minneapolis') §
idol, per 100 Ib
Winter, hard, short patents (Kansas City) §_ do
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected) :
Calves
thous of animals
Cattle
do
Receipts, principal markets
do
Shipments, feeder, to 9 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago)
dol. per 100 Ib
Steers, stocker and feeder (Kansas City)
do
Calves, vealers (Natl. Stockyards, IlDcT
do
Hogs:
Slaughter (federally inspected), .thous. of animals
Receipts, principal markets
do
Prices:
Wholesale, average, all grades (Chicago)
dol. per 100 lb__
Hog-corn price ratio
bu. of corn equal in value to 100 Ib. of live hog__
Sheep and lambs:
Slaughter (federally inspected)
thous. of animals
Receipts, principal markets
do
Shipments, feeder, to 9 corn-belt States
do _ _
Prices, wholesale:
Lambs, average (Chicago)
dol. per 100 lb__
Larnbs, feeder, good and choice (Omaha)
do
21 584
93.3
400
48, 959
18 861
85.6
351
42, 884
20 595
84 8
382
46, 720
19 454
80 0
360
44, 113
20 272
87 4
375
45 953
20 187
82 7
376
46 056
19 944
78 1
374
45 445
20 514
88 1
390
46 869
21 371
91 5
409
48 945
22 412
91 6
426
51 150
21 670
97 5
409
49 505
21 630
88 4
413
49 527
2,384
1,442
4 519
1, 539
2,368
2, 948
4 389
3,324
1,253
1,862
4 757
2* 379
1,684
1 932
4 847
3,721
5.430
4.850
5.450
5.025
5.450
4.975
5.420
5.005
5.630
5. 185
5.690
4. 975
5 730
5.065
5 550
5.070
5 500
5.100
5 540
5 165
5 560
5 165
5 460
5. 150
5 495
5. 145
424
1,441
1. 755
386
377
1,219
1,416
291
423
1 334
1,753
344
406
1,433
1,759
477
358
1,412
1,633
349
366
1 473
1,793
295
382
1 557
1 699
329
359
1 450
1 855
444
415
1 539
2 197
862
471
1 586
2 401
1 143
438
1 462
2 243
1 016
456
1 552
1 815
544
413
1 564
1 731
382
27.81
26.10
36.50
27.44
25.97
36.00
28.22
27.78
33.00
29.32
28.63
35.00
28.82
28. 69
35. 00
28.15
27 24
30.50
27.61
26 47
28.50
27.36
25 96
30.00
27.48
25 38
29 50
27.06
24 41
29 00
26 31
23 34
29 50
25 26
22 51
30 00
26. 10
23 31
33 00
5,885
2,993
5,686
2,751
5,733
2,900
5,652
2,899
4,970
2,551
4,902
2, 635
5,184
2 623
4,977
2 539
5 767
2 881
6 646
3 216
6 337
3 299
6, 968
5 462
16.25
15.32
15.72
15.77
15.59
14.94
13.02
13.56
13.20
12.60
12.19
11.19
12.08
13.15
16.1
14.8
14.5
13.8
13.5
12.9
11.8
12.4
12.3
12.7
12.4
11.7
12.4
13.1
1.322
1, 128
163
1,080
875
153
1,143
1 009
120
1,101
1 005
156
1,017
962
192
1,056
936
168
1 107
912
220
1 010
1 061
'431
1 177
1 474
560
1 200
1 527
532
1 070
1 089
250
1 182 9
1 OO
141
1 236
1 031
160
18.62
19.75
18.62
19.71
21.25
19. 55
21.50
19.88
24.75
20.28
25.25
20.62
22.50
19.46
22.00
19.50
20.62
19.08
19.75
18.80
18.50
18.13
17. 75
17.10
19.50
17.70
1,862
1,950
2,013
1,890
1,916
1,991
1,840
2 038
2,238
2 128
2,322
2, 238
582
78
66
602
66
64
660
63
94
647
73
84
582
72
101
513
87
87
432
75
88
408
94
108
421
102
66
477
109
54
544
68
81
596
783.1
186, 850
1,470
38, 945
855. 4
184, 641
1,850
28, 767
912.3
184, 291
2, 039
52, 579
898.2
184, 571
2,283
43, 688
926.9
177, 562
1,759
56, 785
975.7
172, 748
2, 124
58, 401
902.7
170,816
2 190
70,218
962.3
178 606
2 729
88, 618
991.5
170 689
3 379
48' 452
913.4
186 134
3 117
37 805
986. 0
212, 069
2 560
59, 387
999.3
205, 147
r
MEATS
Total meats:
Production (carcass weight, leaf lard out), inspected
slaughter
mil. of Ib
2.084
Stocks (excluding lard), cold storage, end of month
499
mil. of Ib
Exports (including lard)
do
68
80
Imports (excluding lard)
._
do
Beef and veal:
929.7
Production, inspected slaughter _ _ __
do
Stocks, cold storage, end of month
thous. of Ib >• 188. 762
1,919
Exports
do
42, 574
Imports
_
do
Price, wholesale, beef, fresh, steer carcasses, choice
.481
(600-700 Ibs.) (New York)
dol. per lb_.
Lamb and mutton:
66, 846
Production, inspected slaughter
thous. of Ib
10, 118
Stocks, cold storage, end of month
do
Pork (including lard), production, inspected slaughter
1, 087. 0
mil. of Ib
Pork (excluding lard):
812, 884
Production, inspected slaughter.. __ .thous. of Ib
240, 489
Stocks, cold storage, end of month
do
4,976
Exports
do
18, 404
Imports
do
Prices, wholesale:
.539
Hams, smoked, composite
dol. per Ib
.480
Fresh loins, 8-12 Ib. average (New York). ..do _.
Lard:
200, 784
Production, inspected slaughter
thous. of Ib
Stocks, dry and cold storage, end of month
do ... 109, 100
42, 149
Exports
do
.124
Price, wholesale, refined (Chicago).
dol. per lb._
.482
.485
.494
.491
.480
.469
.461
.473
.461
.454
.449
55, 104
11,053
57, 520
10, 991
54, 888
13, 478
48, 144
15, 730
48, 010
16, 614
50, 008
17, 374
45, 719
14, 605
54, 344
13, 736
55, 886
12, 300
50, 800
12, 624
57, 552
14, 794
21 884
98 3
414
50 060
r
6, 513
3 167
. 456
944.0
941.3
965. 4
892.0
1, 021. 6 1,190.2
1,163.4
1, 278. 9 1,177.0
775, 119
337, 120
4,824
16, 538
781, 917
380, 997
4,431
18, 829
G98, 326
365, 360
5.709
15. 689
701,039
313, 141
4.801
15, 705
713, 515
248, 352
5,788
15, 678
670, 330
183, 745
6, 825
11, 885
773, 253
163, 447
6, 546
12 101
902, 803
184, 825
6 896
11 858
876, 741
223, 830
7 979
11,875
954, 721
264, 280
4, 668
13, 484
.500
.430
.506
.422
.496
.453
. 496
.463
.490
.496
.464
.457
. 450
.446
.454
.480
.439
.460
.450
.411
183, 679
117, 900
56, 521
.121
191, 489
132, 200
41, 910
.120
193, 530
146, 900
41, 248
.123
179, 111
158, 200
45, 163
.120
175, 734
147, 800
46, 840
.120
183, 991
135, 600
58, 365
.113
161,921
100, 300
39 535
.108
181, 780
93, 000
57, 279
.118
210, 031
80, 400
67 845
.114
208, 587
92, 100
70, 722
.115
r
20.62
19.18
. 461
61, 755
13, 988
1, 023. 5 1. 036. 6 1, 046. 2
771. 769
319, 951
7, 500
12, 900
26 37
23 80
886, 7f>f>
309, 489
. 451
.375
P. 430
.391
238. 203
123, 700
36, 585
. 108
211. 742
135, 600
.406
P. 106
POULTRY AND EGGS
Poultry:
402
Slaughter (commercial production)
mil. of lb__
Stocks, cold storage (frozen), end of month
thous. of lb__ 331, 835
160, 476
Turkeys
do
Price, in Georgia producing area, live broilers
.175
dol. per lb._
Eggs:
r
Production on farms
mil. of cases 9
!5. 0
Stocks, cold storage, end of month:
57
Shell
thous. of cases
Frozen
thous. ofl b
47, 085
Price, wholesale, extras, large (delivered; Chicago)
dol. per doz__
.356
346
393
432
497
482
475
545
600
699
604
456
409
293, 562
140, 510
250, 298
112, 252
215, 310
86, 699
199, 037
67, 688
196, 847
64, 816
196, 438
66 885
226, 474
87, 115
277, 086
133 501
384,611
220 370
352, 826
183 329
316, 686
149 176
301,860
143 202
.165
.170
.155
.152
.150
.150
.145
.148
.142
.140
.175
.162
.172
14.1
16.5
16.1.
15.9
14.3
13 7
13 1
12 6
13 3
13 2
14 3
14 8
14 1
52
45, 701
107
55, 015
532
85, 119
1,004
119, 273
1,054
149, 175
888
152, 105
739
149, 086
554
134, 786
469
119 355
297
96, 175
188
78, 678
304
75 473
.343
.315
.263
.245
.275
.291
.312
.407
.342
.307
.289
.259
15, 357
.358
19, 202
.378
20, 215
.368
20, 885
.378
18, 668
.381
12, 593
.358
12,710
.370
18, 614
.383
8,048
.358
14, 388
.330
32, 854
.309
p. 303
.267
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
Imports (incl. shells)
Price, wholesale, Accra (New York)
r
long tons..
dol. per lb__
22, 271
.368
Revised.
* Preliminary.
§ Beginning January 1959, quotations are for 100 pounds of flour in bulk rather than in sacks as formerly. January 1959 prices comparable with earlier
data: $5.710 per 100-pound sack for spring wheat flour (Minneapolis) and $5.100 for winter (Kansas City).
cf Chicago prices through 1958 (January 1959 price at Chicago, $33.00).
$ Cases
x)f 30 dozen.
SUEVEY OF CURRENT BUSINESS
March 1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-29
1959
January
February
March
April
May
June
1960
July
DecemAugust SeptemOctober November
ber
ber
January
February
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS— Con.
Coffee (green):
Inventories (roasters', importers', dealers'), end of
quarter
__
__
__
thous. of bagscf
Uoastings (green weight), quarterly total
do
Imports
-_
_ _ _
..
_ _ _ do
1,588
From Brazil
do
514
Price, wholesale, Santos, No. 4 (New York)
dol. per lb__
.415
Confectionery, manufacturers' sales
thous. of dol-- 108, 520
Fish: 4
Stock ? cold storage, end of month
thous.
Sugnr.
Cuban stocks, raw, end of month
thous. of Spanish
United States:
Deliveries and supply (raw basis):
Production and receipts:
Production
. _
short
Entries from off-shore, total 9
Hawaii and Puerto Rico
2,410
5 829
2,252
1, 119
1,781
725
1,840
827
2,278
4,987
1, 508
614
1,253
469
2,159
1.275
.410
104, 287
.378
96, 185
.378
88, 415
.376
74, 019
. 365
72, 139
.378
66, 868
.365
73, 303
1,473
738
1,621
601
3, 266
5,678
2. 369
110
.353
. 360
131, 666 127, 496
.373
122, 509
. 361
112, 724
. 3ttf)
101, 928
242, 153
232, 009
209, 081
1, 780
1, 477
1, 419
627, 591 ' 849, 769 663, 671
275, 623 251, 474 142,610
78, 107
159 200 155, 091
605. 046
30, 808
3,125
5,204
3,044
1, 615
r
of Ib
187, 786
153 778
141,027
142, 584
161 252
176, 594
200, 907
230, 052
240,248
237, 586
tons
667
1,452
2,776
4,106
4,391
4,076
3, 350
2,821
2,247
1,962
tons
do
do
186, 671
593 251
77 556
73, 925
438 836
141 154
42, 367
596 387
152 535
45, 312
612 751
171 633
44, 259
637 787
136 094
27, 788
47, 436
736, 91 1 714, 619
240 470 197, 555
79, 589
618, 316
181, 940
132, 639
807, 704
243 097
572,154
565 056
7,098
547, 786
542 834
4, 952
717,767
712 1%
5, 569
733, 510
723 503
10,007
975, 454
968 782
6,672
781,190
774 670
6, 520
897, 874
886 772
11, 102
1, 916
519
1,912
492
1, 828
507
1, 755
981
1, 463
371
1, 469
548
1,282
620
1,078
399
954
336
1,247
684
292, 962
1 86, 624
54, 467
297, 859
169 797
70, 835
387, 484
250 080
111,170
383, 165
313 744
69, 399
416. 193
327 645
88, 495
404, 287
307, 760
96, 525
425, 156
309, 828
115, 329
414, 243
278,112
125, 158
440, 431
284, 275
130, 500
190, 871
119, 022
67, 463
157, 050
115. 442
3, 360
238, 722
177, 891
9, 520
31 364
23, 049
45 686
37 552
60 361
42 586
55 477
44, 502
61 197
51 487
77 860
68, 113
99, 534
88, 733
23,212
5, 099
16 203
4 839
13 830
9, 085
7,921
1, 240
4 499
1, 530
Deliveries, total
do
For domestic consumption
do
F o r export
_ _ _ _ _ _ _ _ do Stocks, raw and refined, end of month
thous. of short tons..
Exports
_
short tons
Imports:
Raw sugar, total 9 do
From Cuba
do
From Philippine Islands
_do
Refined sugar total
From Cuba
Prices (New York):
Raw wholesale
Refined:
Retail!
-Wholesale (excl. excise tax).
Tea, imports
2,279
959
do
do
919, 941 1,006,135
909 235 992 427
10, 706
13, 708
658, 754
652 252
6,502
617, 143
612, 327
4.814
r
846, 651
842 047
4, 604
r
1,811
490
2, 005
713
2, 074
dol. per Ib
.062
.060
.058
.057
.063
.063
.063
.063
.065
.066
.064
.062
dol. per 5 Ib
dol. per lb_
thous. of Ib
,553
.086
8, 498
. 539
. 085
8, 635
.552
.085
9,057
.551
.083
10, 949
.549
.083
10, 071
.553
.086
8,983
. 554
.086
9,696
. 550
.086
8,228
.556
.086
7,264
.557
.088
9,130
.549
.088
8. 131
. 549
.088
11,042
. 545
p. 086
Baking or frying fats (incl. shortening):*
Production
mil of Ib
Stocks (producers' and warehouse), end of month
mil o f l b
Salad or cooking oils:*
Production .
_
... _
.. _do
Stocks (producers' and warehouse), end of month
mil o f l b
Margarine:
Production
do
Stocks (producers' and warehouse), end of month
mil. of Ib
Price, wholesale (colored; delivered; eastern U.S.)
dol. per Ib
. 370
r
P. 059
187 3
198 0
197 0
189 4
185 9
183 5
147 2
186.8
1S6 9
200.0
201.9
185 9
190 2
113 3
119 3
123 4
136 4
140 7
142.5
116 7
114.6
106 1
111.0
110.9
116 0
110 5
140.9
137.7
157. 3
158. 5
164.3
186.0
155. 2
147.6
128.8
120.3
124.4
130. 1
129. 4
60.5
74.0
68 1
66 6
58 5
51.6
48 7
40.3
40 9
41.7
47.0
54 1
60. 0
149.4
149.0
132.1
123. 6
115 7
122.7
115.7
118. 9
130.9
146.1
143.5
163 8
158. 5
34.0
38.4
41.5
43.2
36 3
33.5
33.9
34.3
30.2
32.6
30.4
34.0
36.7
.262
.262
.250
.250
.243
.250
.253
.253
.253
.253
238
.238
p. 238
29 5
23 6
30.5
28 9
25 3
25 5
26 2
23 1
29 7
25 1
25.3
24 2
25.9
21 0
27.0
26.8
22.6
20 8
23.2
22.0
27.0
23 4
25 4
18 2
28 2
21 5
FATS, OILS, AND RELATED PRODUCTS
A n i m a l and fish fats: A
Tallow, edible:
Production (quantities rendered^
mil. o f l b
Consumption (factory)^
do
Stocks (factory and warehouse), end of month
do
Tallow and grease (except wool), inedible *4
Production (quantities rendered)
do
Consumption (factory)f
do
Stocks (factory and warehouse), end of month
do
Fish and marine mammal oils:|
Production
do
Consumption (factory) O
do
Stocks (factory and warehouse), end of month O
mil. of Ib
Vegetable oils and related products:
Vegetable oils (total crude and refined):
Exports
do
Imports
do
Coconut oil:
Production:
Crude
do
Refmedf^
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse),
end of month
mil of Ib
Imports
_
_ do
Corn oil:*
Production:
Crude
do
Refined©
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse),
en rj of month
_.
_ _.
mil, oflb-
31 3
31 1
29 8
29 6
30 3
28 5
28 2
23.9
21 5
19.2
19 2
23 2
07 o
240 0
148 6
229 6
143 1
221 6
159 2
236 5
160 9
236 6
148 0
226 8
150. 6
240 0
119. 1
235. 5
145. 3
240. 6
153. 2
268.2
153. 3
253 1
137. 0
264 4
140. 2
264 3
148. 2
294.2
299.4
297.2
299. 5
310. 8
316.6
332. 5
322.8
327.0
333.1
326. 6
333. 1
332. 1
.6
7.0
.1
5 4
.3
6 2
3.1
6 3
18.5
6 9
36. 1
6.8
34. 0
6.8
32. 4
6.0
17.5
6.0
15. 6
6.1
8.5
9.5
2.3
10. 4
.2
110.2
133.7
117.6
103. 4
117.2
125. 9
129, 7
125. 6
136. 2
130.9
147.2
131. 9
65. 1
130. 4
37 0
42.0
37 7
71.7
50 0
177.2
50 7
186.4
50 4
91.6
44.0
234. 1
49.1
169. 0
39.1
164. 6
47.9
108. 4
44.2
117.2
42 1
87.3
44.3
35 1
31 2
42.1
28.9
27 7
43.2
28.9
26 1
42.8
38.4
36 0
50.1
36.5
36 4
51.5
41.4
35.4
51.0
34.0
29. 1
39.5
42.4
34.3
53.6
38.1
30.8
40.4
43.9
31.0
47.3
44.3
29.4
47.7
34.7
28.4
49.2
33. 6
27. 1
46. 9
59 1
14. 5
47.3
8.9
47.2
17.4
47.8
22 9
44.8
21.3
39.9
15.1
49.0
17.8
44.6
14.1
43.7
17.1
51. 1
17.7
67.0
20.6
61.4
9.7
62. 1
21 7
22. 2
17.0
22 8
21.8
21.9
25 5
25.1
26.0
25.0
26.2
28.0
25.4
28.0
24.9
26.9
25.3
26.7
24.4
27.1
26.7
26. 7
27.8
29.4
25.8
28.1
29. 8
27.3
23.6
20.8
25.0
27.2
25.2
26.3
25.3
29.1
26.7
24. 6
25. 9
31.0
26.9
23.6
29.6
27.0
30.0
27.3
31.2
30.5
30.8
27.9
29.2
30.7
Revised.
? Preliminary.
cfBngs of 132.276 Ib.
9 Includes data not shown separately.
§Price for New York and northeastern New Jersey.
*New series; comparable data prior to December 1958 not available, except for corn oil which may be obtained from Census reports.
AFor data on lard see p. S-28.
^Consumption data exclude quantities used in refining.
JFor January-November 1958 revisions, see Census report, ''Fats and Oils, 1958" (Scries M28-1-08).
O Consumption figures
exclude data for cod, cod-liver, and other liver oils, and stocks include only the quantities of these oils held by producing firms. ©Production of refined oils covers once-refined oils (alkali
refined).
r
SUEVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
March 1960
1959
January
February
March
April
May
June
1960
July
August
DecemSeptemOctober November
ber
ber
January
February
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS, AND RELATED PRODUCTS— Con.
Vegetable oils and related products— Con.
Cottonsced-.t
Consumption (crushings)
thous. of short tons. _
Stocks (at oil mills), end of month
do
Cottonseed cake and meal $
Production
do
Stocks (at oil mills), end of month
do
Cottonseed oil:
Production:
Crudet
mil. of Ib
Refined d71
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) ,
end of month
mil of Ib
Price wholesale (refined' drums* N Y ) dol per Ib
547. 1
1, 507. 4
440. 1
1, 126. 2
432.6
722 8
323. 5
405. 5
179.2
233 1
116.6
130 0
97.4
100 3
149.3
265 5
501.1
887 5
782.2
1,937 5
733.2
2 609 0
r
675. 0
2 441 9
252. 3
79.6
201.8
103.8
195. 2
139.8
151. 5
166. 4
85.9
170. 5
55. 1
153. 7
45.5
116.3
70.1
87.8
2?6 9
97.0
361. 8
110.8
341 1
113. 1
311 9
110.4
302 7
131.6
188. 1
143. 1
95.7
152. 6
113.9
96.7
148.9
116.8
97.5
116.5
106. 3
98 2
65. 4
69.9
93 7
41 5
60.8
90 2
35.0
40.6
73 6
50 3
51.2
75 7
163 4
103. 7
87 8
263 0
143. 1
98 5
246 3
153.3
101 4
22G 7
160. 0
98 7
221 6
151. 1
96 8
422.2
433. 3
477.2
410.0
344. 3
273. 5
214.2
166 1
1
168
203 4
156
311.6
148
389 4
143
r
Flaxseed:
63.8
Consumption (crushings)
thous of short tons
79.3
Stocks (at oil mills), end of month
_
do
2.99
Price, wholesale (No. 1; Minneapolis)-. dol. per bu._
Linseed oil:
45.5
Production crude (raw)
mil of Ib
26.9
Consumption in end products^ _ _
_
do _
Stocks, crude and refined (factory and warehouse),
150.4
end of month
mil. of Ib
.126
Price wholesale (Minneapolis)
dol per Ib
Soybeans:
1, 100. 6
Consumption (crushings)
thous. of short tons
2, 829. 3
Stocks (at oil mills), end of month!
do
Soybean cake and meal:*}:
1, 745. 2
Production
mil. of Ib
136.4
Stocks (at oil mills), end of month
do Soybean oil:
Production:
385.5
Crude
_ - do 308.8
Refined cf
_ _ _
do _
275. 9
Consumption in end products^
do .-.
Stocks, crude and refined (factory and warehouse),
380.4
end of month
mil.oflb
Price wholesale (refined* N Y )
dol perlb
TOBACCO
Leaf:
Production (crop estimate)
mil of Ib
Stocks, dealers' and manufacturers', end of quarter,
total
mil of Ib
27, 470
Exports, including scrap and stems
thous. of Ib
13, 624
Imports including scrap and stems
do
Manufactured products:
14, 951
Production manufactured tobacco, total
do
5,919
Chewing, plug, and twist
- do
6,083
Smoking
do
2,949
Snuff
_
do Consumption (withdrawals):
Cigarettes (small):
2,636
Tax-free
millionsTax-paid
. _
_
_ _ _ do _ _ _ 36, 242
441, 969
Cigars (large) tax-paid
thousands
Manufactured tobacco and snuff, tax-paid
14, 526
thous of Ib
1,350
Exports cigarettes
millions
462 8
14()
661. 3
1,945 4
473 9
P
146
46.6
60.6
2.97
52.8
28.1
2.99
31.6
13.7
3.01
46.8
58.6
3.03
37.9
48.7
3.01
54.8
70.0
2.97
81.7
67.7
3.28
83.0
93.4
3.42
84.7
98.4
3.68
48 5
82.3
3.85
49 9
95.8
3.58
51 8
77. 1
3. 50
33.4
29.9
37.3
32.6
22.4
37.8
33. 5
40.8
26.8
39.0
39.3
36.1
58.9
38. 8
59.0
33.0
60.2
30.5
34 8
23.8
35 6
23.3
37.2
25.0
141.3
.128
152. 6
.128
132.7
. 126
121.9
. 125
97.4
. 125
92.9
.125
105.0
.127
121. 6
. 133
134.7
. 139
142.8
. 145
149.7
.143
163. 8
P . 140
1, 019. 0
2, 593. 5
1, 080. 3
2, 219. 8
1, 037. 5
1, 846. 3
1,091.8
1, 520. 2
994.7
1, 346. 5
957. 4
1, 090. 8
888.8
501. 9
823.8
750. 5
1, 060. 2
2, 367. 8
1,081.6
3,202. 8
1,013.7
3, 029. 0
1, 016. 8
2, 674. 0
1,575.4
169.4
1, 677. 4
186.6
1, 596. 2
200.4
1,685.0
299.2
1, 540. 4
306.4
1, 491. 4 1, 395. 4
232.8
193.0
1 270.6
108. 2
1. 618. 4
145. 2
1,653.6
153.0
1,553.6
126. 6
1 , 549. 8
190.4
355. 3
301.9
276.8
380.8
303.8
286.0
365. 6
321.7
282.9
385.5
272.9
278.7
355. 2
307.9
308.9
344.1
257.7
255.1
318.6
283.1
268.5
296.9
236.8
258.9
391.2
272.9
266.6
392.6
265.4
253.0
369. 2
290.0
271.6
370.5
287.9
274.8
455.2
476.0
512.6
512.6
472.9
464.4
386.6
1
.135
298.3
.133
321.4
.128
422.7
.119
507. 4
. 117
551.3
p . 119
17, 019
11, 804
4,841
33, 219
12, 883
24, 180
11, 429
24, 951
13, 306
4,449
25, 777
12, 671
23, 562
13, 481
38, 865
13, 324
4,583
93, 654
11, 698
50, 144
14, 140
49, 748
12, 719
13, 855
5,433
5, 647
2,775
14, 542
5,404
6,143
2,995
15, 381
5. 712
6, 758
2,912
14, 180
5, 487
6,003
2,689
15, 368
6,041
6,442
2, 885
14, 094
6,065
5,896
2,133
14, 701
5,484
6,255
2,963
15, 397
5,689
6,600
3,108
15, 643
5,869
6,662
3,113
14, 175
5,610
5,677
2,888
2,674
34, 614
453, 367
2,783
35. 493
511,721
3,216
38, 097
525, 850
2,974
37, 252
618, 105
3,240
38, 413
650, 072
3,514
39, 908
514, 704
3,003
40, 926
529, 159
3,470
39, 165
552, 708
2,403
43, 060
566, 419
2, 853
36, 190
663, 329
13, 518
1,428
14, 325
1,478
15, 044
1,600
14, 080
1,621
15, 227
1,598
13, 148
1,938
14, 502
2,042
14, 788
2,253
15, 157
1,038
r
2 1, 800
4. 854
57. 518
10, 647
r
13, 371
5, 481
r 5,015
2,875
13, 764
5, 265
5,833
2,667
3,062
34, 318
442,144
2,718
37, 630
469, 310
14, 093
1,567
13, 293
1,663
13, 354
r
r
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value total 9
thous of dol
Calf and kip skins
thous of skins
Cattle hides
thous of hides
Imports:
Value, total 9
thous. of dol
Sheep and lamb skins
thous of pieces
Goat and kid skins
do
Prices, wholesale (f.o.b. shipping point):
Calfskins packer heavy 9^/15 Ib
dol. per Ib
Hides, steer, heavy, native, over 53 Ib - do
LEATHER
Production:
Calf and whole kip
thous. of skins
Cattle hide, and side kip
thous. of hides and kips
Goat and kid
thous of skins
Sheep and lamb
do
Exports:
Glove and garment leather
thous. of sq. ft
Upper and lining leather
__do
Prices, wholesale:
Sole, bends, light, f.o.b. tannery. _ dol. per lb._
Upper, chrome calf, B and C grades, f.o.b. tannery
dol. per sq. ft__
3 882
165
341
4, 142
119
380
5,019
177
390
3,946
150
323
7,229
225
459
5, 427
174
285
5,608
137
326
5,253
141
282
4,834
126
267
6,104
162
326
6,939
187
466
4.422
134
311
6,381
1,905
2 576
5, 468
2,332
1,958
9,690
6,364
2,243
8,872
4,364
2,217
7,916
3,325
2,338
9,034
3,943
2,027
7,352
2,397
2,295
5,604
1,336
1,938
9,235
4,591
2,017
6,372
1,339
2,130
5,896
1,326
1,871
5,409
1,053
1,805
.650
.123
.675
.133
.675
.183
.750
.253
.875
.203
.700
.243
.725
.243
.725
.238
.650
.228
.550
.193
.425
.130
.500
r.148
689
2,153
1, 973
2,4©0
626
2,046
1,747
2,396
597
2,095
1,894
2,396
665
2,088
1,973
2,524
561
2,034
2,032
2, 865
532
1,921
2,139
2,601
416
1,598
1,877
2,262
515
1,873
1,739
3,123
492
1,795
1,792
2,674
497
1,912
1,894
2,601
'468
' 1, 768
1,754
2,634
515
1,884
1,814
2,367
1,342
2,988
1,234
2,633
1,629
2,339
2,097
2,849
2,470
3,793
2,124
2,826
1,250
2,387
1,758
2,377
1,713
2,566
1,794
3, 563
1,624
3,408
1,637
3,175
.657
.697
.710
1.010
.945
.947
.953
.943
.943
.900
.800
.760
p. 760
1.308
1.308
1.345
1.403
1.478
1.425
1.385
1.385
1.368
1.292
1.197
1.215
P 1.278
r
Revised.
*> Preliminary.
1 Beginning August 1959, price is quoted on carlot basis; not comparable with previously published data through July 1959 which are on l.c.l. basis.
2 December 1 estimate of 1959 crop.
JFor 1958 revisions, see Census report, "Fats and Oils, 1958" (Series M28-1-08).
c" Production of refined oils covers only once-refined (alkali refined).
*New series; data prior to August 1958 are available from reports of the compiling agency (Bureau of the Census).
9 Includes data for items not shown separately.
v .600
P. 138
3.35
SURVEY OF CUREENT BUSINESS
March 1060
S-31
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
January
February
March
May
April
June
1960
July
DecemAugust SeptemOctober November
ber
ber
January
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers:
Production, total. _
thous. of pairs..
Shoes, sandals, and play shoes, except athletic,
total
thous. of pairs
By kinds:
Men's
do
Youths' and boys'. .__
do __
Women's
do
Misses' and children's
do
Infants' and babies'
_
.do
Slippers for housewear
do
Athletic.
do
Other footwear
do
Exports
do
Prices, \vholesale, f.o.b. factory:
Men's and boys' oxfords, dress, cattle hide upper,
Goodyear welt
1947-49—100
Women's oxfords, elk side upper, Goodyear welt
1947-49=100
Women's pumps, low-medium quality _ _ _ do
53, 333
54, 258
57, 547
56, 048
51, 444
53, 428
51, 354
54, 672
53, 437
52, 378
45, 800
48, 409
53, 100
49. 472
48, 948
51, 476
49, 044
44, 737
46, 375
44, 344
46, 059
43, 947
42. 991
37, 606
42, 950
48, 393
9, 675
2,187
26, 229
7,670
3,711
9, 580
2,233
26, 269
7,321
3,545
10, 425
2,318
27, 797
7,398
3,538
10, 523
2, 195
26, 875
6,239
3,212
9,498
2,110
24. 161
5,902
3, 066
9,305
2, 158
25, 535
6, 395
2,982
8,325
2, 451
24, 655
6,367
2, 546
9,142
2,284
25, 264
6,370
2,999
9, 235
2,213
23, 394
6,092
3,013
9,053
2 032
22, 686
6, 000
3.220
8,071
1, 766
19, 619
5,243
2,907
8, 803
2,080
22, 439
6, 333
3, 295
9,042
2,287
26, 735
6, 983
3, 346
3,073
475
313
186
4,397
534
379
256
4, 925
631
515
292
5,786
635
583
285
5, 519
665
523
255
5,796
698
559
215
5,889
592
529
214
7,341
653
619
233
8,278
669
543
248
8,230
615
542
270
7,143
551
500
268
4,393
560
506
186
4,019
473
215
124 4
124 4
124. 6
128.7
128 7
128.7
129 5
134 4
134 4
137 4
137 4
137 4
p 137 4
134.8
120.2
134.8
120.2
134.8
120.2
138.8
130.4
142.7
132.0
142.7
132.0
142.7
132.0
150.6
132.0
146. 7
132.0
146. 7
132.0
146.7
133.7
146.7
133. 7
p 146.7
p 133. 7
LUMBER AND MANUFACTURES
LUMBER— ALL TYPES
National Lumber Manufacturers Association:
Production total
mil bd ft
Hardwoods
.do
Softwoods
__
_ .__
do
Shipments, total
do
Hardwoods
do
Softwoods
_.
do
Stocks (gross), mill, end of month, total
Hardwoods
Softwoods
do
do
do
'
!
'
2 650
546
2,104
2, 662
546
2,116
2 642
554
2,088
2,682
585 i
2,097
2 964
597
2,367
3, 111
591
2, 520
3 121
603
2,518
3,271
599
2,672
3 163
639
2,524
3,221
593
2,628
3 216
599
2,617
3,217
558
2,659
3 136
623
2,513
3 146
538
2,608
3 171
643
2,528
3, 137
607
2,530 !
3 324
635
2,689
3, 119
566
2,553
3 304
633
2,671
3,145
627
2,518
2 892
593
2,299
2,639
564
2,075
2 947
560
2,387
2,804
538
2, 266
2 681
'554
2,127
2 634
587
2,047
9,132
3,531
5,601
9,091
3,500 '
5,591
8,945
3,506
5,439
8,846
3,510 1
5,336 i
8,779
3, 555
5,223
8,778
3, 597
5, 181
8,782
3,682
5, 100
8,816
3,717 I
5,099
9,022
3,787 ;
5,235 :
9,212
3,793
5,419
9,465
3,822
5,643
9, 610
3,844
5,766
9,657
3,810
5 847
52,812
59,320
337,937 j 357, 910
65, 969
490, 723
66, 833
447, 255
48,454 1 45, 213
257, 384 258, 844
86,748
333, 370
603
681
588
582
887
709
662
706
729
865
779
678
729
763
882
791
735
717
734
857
636
579
760
792
826
775
658
671
695
812
16, 574
20, 731
Exports, total sawmill products
M bd ft
7,437
10, 197
Sawed timber
do
9,137
10, 534
Boards, planks, scantlings, etc
do
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
1
79. 907 82. 279
dol. per M bd. ft
Flooring, C and better, F. G., 1" x 4", R. L.
dol. per M bd. ft U21. 072 123. 808
Southern pine:
577
566
Orders, new
..
mil. bd. ft
219
188
Orders unfilled, end of month
do
554
584
Production
.
._ do
546
551
Shipments
do
Stocks (gross), mill and concentration yards, end of
1,857
1,865
month
mil. bd ft
5,103
4,855
Exports, total sawmill products
M bd. ft
1,002
1,129
Sawed timber
do
3,974
3,853
Boards, nlanks, scantlings, etc
do
Prices, wholesale, composite:
Boards, No. 2 and better, 1" x 6", R. L.
78. 184
dol. per M bd. f t _ _ 78. 239
Flooring, B and better, F. G., I" x 4", S. L.
dol. per M bd. ft.. 137. 128 136. 902
Western pine:
651
657
Orders new
mil. bd ft
488
483
Orders, unfilled, end of month
do
617
555
Production
do
645
613
Shipments
do
1,923
1,951
Stocks (gross), mill, end of month
do
Price, wholesale, Ponderosa, boards, No. 3, I" x 12",
73. 470
74. 940
R L (6' and over) §
dol per M bd ft
23, 724
14, 191
9,533
21, 723
9,561
12, 162
20, 377
12, 007
8,370
28, 196
17, 510
10, 686
20, 361
11, 164
9,197
24, 146 !
13,190
10,956 j
84. 668
86.032
87. 698
89. 825
89. 576
i 89.501
127. 212
127. 720
127. 988
129. 959
130. 103
702
248
636
673
715
255
661
708
702
281
646
676
680
278
642
683
695
261
675
712
1,828
5,950
1,241
4,709
1,781
5,917
1,033
4,884
1,751
7,500
1,932
5,568
1,710
5,756
739
5,017
1,675
8,457
1,639
6,818
79. 806
i 80. 296
80. 768
81. 074
81.626
82. 331
82.461
137. 279 1 138. 486 1 137. 928
138. 009
138. 254
'139.512
140. 158
140. 158
Exports, total sawmill products
Imports, total sawmill products
SOFTWOODS
Douglas fir:
Orders, new.
_
__
Orders, unfilled, end of month ._
Production..
Shipments
Stocks (gross) , mill, end of month
M bd. ft
do
mil. bd. ft..
do
do __.
do
do _
696
660
641
636
882
78. 688
1
!
70, 181
76, 067
373,098 i 315,658
70, 934
318,744
68,081 ! 76, 662
312, 434 271, 351
630
571
680
613
971
833
703
715
701
985
30, 415
17, 965
12, 450
29,728 ! 26, 449
15, 390
14, 194
14, 338
12, 255
36, 436
22, 000
14, 436
88. 637
87. 100
1131.112 1 131. 879
132. 055
671
633
667
696
786
654
587
739
699
826
669 !
277
614
653
1,634
6,520
1,074
5,446
1
647 :
554 i
731
680
905
82. 325
f
566
666
650
603
1,034
82. 601 p 83. 121
132. 463 ' 131. 598 pl31. 703
655
267
667
665
630
230
690
667
510
194
606
546
514
179
616
529
541
200
570
520
1,636
7,721
1,301
6,420
1,659
5,055
1,154
3,901
1,719
7,092
1,315
5,777
1,806
8,412
1,925
6,487
1,856
82. 273
1
82. 274 p 82. 134
140. 158 r 140. 581 p 140. 581
775
527
658
736
1,845
776
490
752
814
1,783
805
468
787
827
1,743
748
426
825
790
1,778
817
414
825
829
1,774
762
357
886
818
1,842
812
343
907
826
1,923
806
336
874
813
1,984
587
308
1588
616
2,056
75. 970
80. 290
82. 460
83. 540
82. 310
81. 030
79. 100
76. 650
75. 660
861
423
742
745
2,053
r
613
404
579
628
2,004
75. 500 p 76.066
HARDWOOD FLOORING AND PLYWOOD
Flooring:
Maple, beech, and birch:
Orders new
M bd. ft
Orders, unfilled", end of month
do
Production
do
Shipments
do
Stocks (gross) mill end of month
do
Oak:
Orders new
- do
Orders, unfilled, end" of month
do
Production
do
Shipments
- - do
Stocks (gross), mill, end of month.. .__
do
Plywood (except container and packaging), qtrly. total: t
Shipments (market)
M sq ft surface measure
r
3,600
12, 725
3,150
2,750
11,225
3,050
12, 800
3,150
3,000
11, 400
3,500
13, 325
3,500
3,175
11, 675
4,125
13, 150
3,650
3,950
11, 600
3,850
13, 275
3,500
3,425
11, 580
4,200
12, 900
3,050
4,300
10, 225
3,800
12, 950
3,050
3,750
9,625
3,800
12, 350
3,250
3,850
8,950
2,750
11, 700
3,675
3,350
9,500
2,925
11, 225
3,550
3,150
9,675
2,500
10, 800
2,850
2,900
9,700
3,225
10, 975
3,375
2,825
10, 125
3,575
11, 500
2,950
2,800
10, 375
97, 920
54, 134
75, 119
74, 853
84, 693
95, 050
72, 518
70, 769
76, 666
77, 062
92, 261
77, 913
77, 302
82, 964
70, 029
91, 028
80, 928
85, 913
89, 343
64, 889
79, 421
74, 152
84, 994
86, 197
63, 686
76, 281
62, 506
89, 322
89, 274
63, 734
76, 880
55, 819
90, 003
85, 582
65, 454
79, 379
51,417
86, 499
85, 596
66, 357
76, 276
45, 977
88, 671
87, 220
67, 048
80,262 ! 65, 439
42,067 | 36, 062
90, 435
77, 529
84, 172
69,615
72, 602
77, 945
69, 145
37, 057
77, 792
70, 392
85, 345
81, 169
47, 384
73, 631
71, 925
85, 683
235, 882
241, 550
r
245, 794
237, 636
Revised.
» Preliminary.
i Not entirely comparable with data prior to month noted.
§ Not comparable with data through 1958 which cover a different specification,
t Revisions for 1st qtr. 1957-2d qtr. 1958, respectively (units as above): 205,637; 195,812; 198,706; 191,276; 178,241; 181,467.
February
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
March 1»60
1960
1959
January
February
March
April
May
June
August September
July
Novem- DecemOctober
ber
ber
February
January
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excluding advanced manufactures and ferroalloys) :
Exports, total f
thous. of short tons..
Steel mill products*
do
Scrap f
do
Imports total f
do
Steel mill products*
do
Scrap
do
406
161
219
261
229
14
459
168
266
275
241
18
'477
'178
••273
327
287
20
507
178
300
433
359
19
••604
'167
Mil
516
385
31
'631
191
'406
'527
410
31
'684
157
'496
577
430
24
622
51
'551
458
323
31
'487
47
'423
458
366
12
479
37
426
'454
362
14
575
61
499
659
460
41
5,752
3,517
2, 236
6,020
9,331
6,176
3,640
2, 536
6,337
9,181
7, 539
4,334
3, 205
7,479
9,232
7, 476
4, 390
3,087
7,442
9,269
7, 349
4, 393
2, 957
7,440
9,183
7,053
4,330
2.724
7,081
9,200
4,122
2,299
1,823
4,015
9,309
2,276
925
1,352
2,100
9,490
2, 547
1,069
1,478
2,368
9,644
2,741
1,105
1,635
2,539
9,846
5, 450
2,921
2,529
5,373
9,928
' 7, 953
' 4. 457
' 3, 496
7,864
' 10,011
3,337
1 , 552
1,970
3,665
1, 493
1,482
3, 868
1,690
1,874
6, 166
4, 687
1,941
12, 170
13. 743
3.302
12, 371
14,301
4,124
5, 723
7,118
3,188
645
762
3,182
829
727
3,802
782
562
3.899
4,383
6, 976
3, 815
3,035
3,164
9, 828
47
68,134
9, 063
53, 601
5. 470
3,046
9, 699
43
63, 621
11,448
46, 944
5,229
3.543
11,512
54
56. 800
13,629
38, 602
4, 569
5,852
11.540
24
51.580
15,117
32, 914
3,549
16,049
1 1 . 848
436
54. 685
13.565
37. 115
4. 005
17, 763
11,131
456
59. 535
11,646
43, 746
4.143
9, 907
5, 632
1,020
63, 707
10, 147
• 53,560
3,083
1, 508
260
67, 253
10, 362
56, 891
3, 558
1. 464
39
71.111
10, 461
60. 650
107
73
80
129
94
100
82
37
87
71
100
109
6.212
6, 283
6,147
6,303
7, 462
7,614
7,338
7,451
7, 684
7. 692
7,232
7, 376
3, 544
3,577
2948
1,003
2949
1,088
21,018
1,172
4,199
4,479
7,573
r 7, 734
3, 895
3, 692
3, 553
3, 467
3,492
3,432
3,508
3, 496
3,425
3, 364
3, 052
' 2, 979
65.95
66. 00
66. 50
65.95
66.00
66.50
65. 95
66. 00
66. 50
65. 95
66. 00
66. 50
65. 95
66. 00
66. 50
65. 95
66.00
66.50
65. 95
66. 00
66. 50
65. 95
66.00
66. 50
65. 95
66.00
66. 50
65.95
66. 00
66.50
65. 95
66. 00
66.50
65. 95
66. 00
66.50
687
1,002
517
1,037
539
847
1,206
666
892
1.246
689
885
1,236
685
837
1,252
717
898
943
533
873
744
507
883
850
528
887
872
520
885
832
516
846
1.111
585
77
73
44
90
75
42
96
84
50
103
91
54
100
83
50
95
85
51
75
69
43
86
65
40
82
76
46
85
76
49
83
58
42
94
80
46
9, 317
74
131.0
9,603
85
149.5
11,568
92
162. 6
11.282
93
163. 9
11,601
93
163. 1
10, 908
90
158. 4
5,232
42
73.5
1,439
12
20.2
1. 535
13
22.3
1, 705
14
24.0
7,268
60
105.6
11, 989
96
168.5
105
83
110
86
131
104
134
105
135
106
144
112
107
84
98
79
100
80
106
85
109
86
133
104
353. 3
112.9
90.7
392.0
112.7
91.5
396. 1
128. 8
104.1
397.7
135. 7
105.7
393. 5
141.8
104. 6
374.6
140. 0
108. 1
376.5
102.9
80.6
376. 2
97.9
77. 5
373. 8
103.4
80.0
373.3
97.3
74.3
. 0698
. 0698
.0698
. 0698
. 0698
.0698
. 0698
.0698
, 0698
. 0698
. 0698
. 0698
. 06P8
95. 00
. 061 7
95.00
.0617
95.00
. 0617
95. 00
.0017
95. 00
.0617
95. 00
. 0617
95. 00
. 0617
95. 00
.0617
95. 00
.0617
95. 00
.0617
95.00
.0617
95. 00
. 0617
P 95. 00
P .0617
40.31
43.00
41.86
43.00
41. 33
44.00
35. 16
37.00
33. 41
35. 00
35. 67
36.00
38.48
40. 00
37. 63 1
38. 00 1
39. 17
38. 00
42. 04
41.00
44.47
46.00
41. 23
42.00
v 41. 40
r> 43. 00
1, 629
1, 803
1,648
1,809
2, 068
2,017
2, 546
2, 1 57
2, 575
2.523
1 , 983
2,848
1,974
2. 026
1, 934
1,684
1,884
1,484
2,120
1.286
2,653
1,459
2,193
2,280
314
180
263
1,426
24, 026
304
174
256
1,437
24, 633
341
185
287
1, 576
26, 61 2
389
219
330
1 , 691
28, 987
400
219
346
1,606
30, 369
445
251
385
1.787
34. 263
502
302
451
1,621
31, 160
615
423
546
1,444
29, 899
642
412
577
1,519
29, 088
382
234
327
1, 543
23, 434
297
169
257
' 1, 356
18, 526
316
176
273
1,374
21, 640
6, 186
248
360
509
56
6. 524
270
410
558
123
8, 603
346
568
694
160
8, 754
357
593
701
192
9, 700
'386
657
788
192
4,131
132
277
418
75
1, 339
1, 283
1,419
4, 842
253
315
434
47
8,211
416
570
754
120
727
114
579
650
539
15
Iron and Steel Scrap
Production and receipts, total
thous. of short tons-Home scrap produced
do
Purchased scrap received (net)
do
Consumption total
do
^to°k^ consumers' end of month
do
Ore
Iron ore (operations in all U.S. districts):
"\line production
thous of long tons
Shipments from mines
do
U.S. and foreign ores and ore agglomerates:
Rec°ir>ts at iron and ^teel plants
Exports iricl reexports
Stocks total end of month
A |- piines
\t furnace vards
\t U S docks
do
do
do
do
do
do
Manganese (manganese content), general imports^
thous. of long tons..
Pig Iron and Iron Manufactures
Pig iron:
Production (excl. blast furnace prod, of ferroalloys)
thous. of short tons__
Consumption
do
Stocks (consumers' and suppliers'), end of month
thous. of short tons__
Prices:
Composite
dol. per long ton-Basic (furnace)
-_
__
do
Foundry No 2 Northern
do
Cn? tines, gray iron:
Orders, unfilled, for sale, end of month
thous. of short tons- .
Shipments, total
do
For sale
do
Castings, malleable iron:
Orders, unfilled, for sale, end of month
thous. of short tons__
Shipments, total
do
For sale
—
do__.
3, 025
1.593
96
74. 235
11,155
63, 080 /I
11,604
10, 943
7,091
11, 539
372
126
75, 705 1 73, 040
8, 736
8, 524
57, 635 i 56, 941
9,334
7,575
...
"
.
7, 754
05. 95
65. 9*
P 66. 00
p 66. 50
Steel, Crude and Semimanufactures
Stool ingots and steel for castings:
Production
thous. of short tons__
Percent of capacity cf
Index
1947-49-100
Stool castings:
Shipments, total
thous. of short tons__
For ^ale total
do
Stool forgings (for sale):
Shipments, total
do
Drop and upset _
___ do_.
Prioes:
Composite, finished stool (carbon)
dol. perlb..
Steol billets, rorolling, carbon, f.o.b. mill
dol. per short ton__
Structural shapes (carbon), f.o.b. mill
dol. per I b _ _
Steel scrap, No. 1 heavy melting:
Composite a (5 markets) §
dol. per long ton__
Pittsbur h district
do
' 405. 2
87.3
63.3
' 12, 049 p l l . l l i J
94
'96
167. I
' 169. 4
420.1
114. 4
85.3
. 069S
Steel, Manufactured Products
Barrels and drums, steel, heavy types (for sale):
Orders, unfilled, end of month
thousands-Shipments
_
- do.. _.
Cans, metal, shipments (in terms of steel consumed),
total for sale and own use— thous. of short tons__
Food
do
Shipments for sale
do
Closures (for glass containers), production
millions. Crowns production
_ _ thousand eross_
Stoel products, not shipments:
Total (all grades)
thous. of short tons..
Semifinishod products
. _ _ _ _ . _ do__ Structural shapes (heavy), steel piling
do
8,118
344
554 i
651
167 1
j
i
Rails and accessories
do
'Revised.
p Preliminary.
i Reflects inventory adjustment.
2 including blast furnace production of ferroalloys
. , * , , * ,
t Revised (beginning in the February 1960 SURVEY) to include certain metal manufactures classified by the industry as stool mnl products but formerly omitted from the total shown here
ureau of the Censin) Revisions for January-November 1958 (thous. tons): Exports-total, 611; 516; 654; 631; 647; 433; 383; 363; 389; 531; 474; steel mill products, 327;
Bur
242; W2M45;mm?m 181; 252, 239; impcJ'ts-total, 102; 93; 1*31; 133; 147; 187; 246; 216; 233; 303; 253; stool mill products, 71; 68; 102; 114; 118; 128; 171: 157; 180; 201; 175.
'f Scattered revisions 'for January 1957-Jtilv 1958 are available upon request.
<? For 1960, percent of capacity is calculated on annual capacity as of January 1, 1960, of 148.570,970 tons of stool; for 1959 as of January 1 19o9 (147,63^,6/0 tons) . , . _ . ,
,
§ Represents the weighted average of consumers' buying prices (including brokerage;-, delivered, at following markets: Pittsburgh district, Chicago, Philadelphia, Birmingham, mid
http://fraser.stlouisfed.org/
San Francisco.
Federal Reserve Bank of St. Louis
SURVEY OF CURRENT BUSINESS
March 1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-33
1959
January
February
March
April
May
June
1960
July
August
Septem- October November
ber
December
759
502
163
86
510
233
349
1 943
575
924
1,283
901
213
160
859
381
553
3 275
956
1 599
January
February
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel, Manufactured Products— Continued
Steel products, net shipments— Continued
Bars and tool steel, total
thous. of short tons
Bars: Hot rolled (incl. light shapes)
do _
Reinforcing
do
Cold
finished
. do
Pipe and tubing. _ __ ...
_. _ _ _do _ _
Wire and wire products
do
Tin mill products
_ _ _
__
_ _ _ „ _do
Sheets and strip (incl. electrical), total
do
Sheets: Hot rolled-.
_
do
Cold rolled
do
Fabricated structural steel:
Orders, new (net)
thous. of short tons
Shipments
do
Backlog end of month
do
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary, domestic thous. of short tons
Estimated recovery from scrap© A- -- do.
Imports (general):
Metal and alloys, crude
do
Plates, sheets, e t c .
_ _ . _
_ ___ do. _
Stocks, primary (at reduction plants), end of month
thous, of short tons
Price, primary ingot, 99.5%+
dol. per l b _ _
Aluminum shipments:
Mill products and pig and ingot (net) _ mil. of Ib _
M ill products, total
__
do
Plate and sheet
do
Ca^tin°s§
do
Copper:
Production:
Mine, recoverable copper
thous. of short tons__
Refinery, primary. _ _ _ _
...
.do
From domestic ores
do
From foreign ores ... _
__
.do
Secondary, recovered as refined..
.do ...
Imports (general):
Refined, unrefined, scrap©.
do
Refined
do
Exports:
Refined, scrap, brass and bronze ingots . _ do.
Refined
do
Consumption, refined (by mills, etc.)
. do
Stocks, refined, end of month, total. .
__do _
Fabricators'
do
Price, bars, electrolytic (INLY.)
dol. peril)..
Copper-base mill and foundry products, shipments
(quarterly):
Brass mill products
mil of Ib
Copper wire mill products©!
do
Brass and bronze foundry products
do
Lead:
Production:
Mine, recoverable lead
thous. of short tons.Secondary, estimated recoverable ©f..
do
Imports (general), ore®, metal..
do
Consumption, total. _
.
. . .
do
Stocks, end of month:
Producers', ore, base bullion, and in process©
(ABMS)
.
thous. of short tons
Refiners' (primary), refined and antimonial©
thous. of short tons_.
Consumers'cf
___
_ do
Scrap (lead-base, purchased), all consumers, do
Price, pig, desilverized (N.Y.)
dol. p e r l b _ _
Tin:
Imports (for consumption) :
Ore©t
- - - - long tons
Bars, pigs, etc
___ .do _
Estimated recovery from scrap, total©
do
As metal
do
Consumption, pig, total
_ _ do
Primary
. .
do
Exports, incl. reexports (metal) ... _ _ _ _ _ _ d o
Stocks, pig (industrial), end of month
do
Price, pig, Straits (N.Y.), prompt
dol. perlb..
Zinc:
Mine production, recoverable zinc
thous. of short tons .
Imports (general):
Ores and concentrates© _ .
do
Metal (slab, blocks)
do _ _
Consumption (recoverable zinc content) :
Ores©.
__
_ _ do. ._
Scrap, all types
_.
...
do
Slab zinc:
Production (primary smelter), from domestic and
foreign ores
thous. of short tons .
Secondary (redistilled) production, total
do
Consumption, fabricators', total
do...
Exports
_ _ ._
do
Stocks, end of month:
Producers', smelter (AZI)
do .
Consumers'..
__do
Price, prime Western (St. Louis)
dol. perlb..
r
888
623
134
123
679
268
498
2, 648
731
1.339
938
656
141
133
706
279
526
2,714
784
1,330
1,211
825
217
159
930
362
714
3,185
928
1,557
1,282
845
254
172
1,113
403
821
3,215
956
1,524
1,337
890
256
181
1,141
429
830
3,174
947
1, 496
1,518
969
346
191
1,261
491
818
3,590
1, 154
1 607
606
368
142
88
554
192
314
1, 563
459
718
236
224
1 , 794
294
216
1,864
255
260
1,873
295
291
1,922
242
294
1,768
291
365
1. 717
259
239
1,679
197
220
1, 772
284
183
1 871
244
195
1,891
260
181
2 068
366
236
2, 195
221
909
2 116
156.7
35.0
142. 1
35.0
1 57. 2
37.0
155.2
41.0
163.9
40. 0
167. 3
42.0
179.2
37.0
172 8
37.0
168 2
37.0
173.7
39. 0
153 7
33.0
163. 0
164 0
12.7
3.5
9.7
3.6
14.2
4.4
14.0
3.7
22,8
4.3
30. 5
4.5
30 8
5. 0
31 4
4 6
14 8
4.2
18.5
3.7
15 8
4 4
26 4
4.7
175.1
. 2680
183.8
. 2680
159.2
. 2680
131.5
. 2680
112.7
. 2680
88.6
. 2680
80.4
. 2680
94.0
. 2680
109.1
. 2680
131.1
. 2680
132 8
. 2680
111.0
. 2736
359. 8
23o. 3
122.7
6)8 9
331. 6
231.8
122.7
68 4
385.9
271.6
150.8
73 4
423.2
294. 9
156.4
73 0
452.1
320.8
170.2
68 3
523. 1
341. 4
182 6
66 5
509. 4
373 1
195 4
56 9
314.2
247 5
120 5
55 9
389.8
262. 7
130 7
66 2
414.0
287. 1
144.1
67. 5
370. 5
247 5
127 8
479.
268.
143
64
97.1
128.0
102.0
26.0
21.3
87.9
120.6
95.7
24.9
21.0
98.3
131.8
101.4
30.4
22.7
100. 6
130.2
102.9
27.3
26. 2
101. 6
124.6
98.9
25.8
22. 6
94. 4
128.7
101.4
27.3
21.7
86.9
125. 7
94 2
31.5
19.9
54.8
70 7
43 9
i 26. 7
i 13.8
27.1
28. 1
12 9
15.2
16.0
29.9
32.7
13. 6
19.1
17.3
25.9
30 2
17 9
14 4
25.9
'1 45. 4
17 3
1
28.2
i 16. 9
43.9
2 9
31.3
3 5
37.2
38
31.5
50
35.8
11 8
60. 3
19 3
44.8
10 7
38.4
12 9
76.7
40 3
44.9
19.8
68 8
43 7
80.7
40 2
'27.8
22.2
126.1
181.8
126.7
.2864
25.0
20.8
126.1
183.5
124. 6
.2962
23.0
19.4
138.8
181.4
123.2
.3103
24.2
20.6
147.2
169.2
120.2
.3130
19 2
15.3
139. 9
187.8
125.3
.3116
16.0
12 6
146. 8
181. 7
139 7
.3110
13.7
11 4
88 3
229.7
177.8
.3008
18 8
16 6
117 1
194.8
158 7
. 2989
11.7
9 0
129. 1
171.0
130.0
.3102
6.0
4.4
120. 0
135. 0
87.0
.3258
4 8
2 3
575
405
240
23.5
38.8
34.7
88.4
21.4
36.8
24.3
84.2
21 . 0
34.4
54.9
85.1
1
1
578
412
262
21.2
36.2
33.6
91.3
20.2
35.8
40.7
96. 2
21.4
35.0
38.4
95. 8
r
r
r
r
r 54 f)
19 2
r
103 0
129 0
81 0
. 3406
21.9
35.5
25.1
90 0
20.5
35. 5
33.1
93.9
9
2
1
9
10.5
51
108 0
121.0
r
82 0
. 3372
.2810
_
48.3
78 9
45 5
33 5
22 8
17 0
11 3
P 122 0
p 76 0
. 3365
. 3298
r 514
554
381
225
19. 6
35. 0
35. 3
89. 6
r
127 5
.2810
r 387
935
21.3
37.8
24.9
98.4
20. 9
36 7
33 7
84 5
19.9
37.2
24 2
85 7
20.8
104.8
96.9
103. 6
97.8
88.2
89 9
89.6
83 9
100 0
99.0
101 3
109 9
208.2
118.1
49.2
.1267
214. 3
114.6
40.3
.1156
209.8
123.4
37.4
.1141
197. 0
124.0
34.8
.1119
170.9
132.5
37.1
.1190
132.6
153.9
41.8
. 1200
142.0
154.9
45. 5
. 1200
128.2
156. 0
46.1
.1229
121.2
147.3
49.0
. 1300
119.4
133. 3
50. 4
.1300
118.2
130 2
49.9
.1300
119.4
123 1
51.0
. 1252
.1200
. 1 200
3,416
2,989
1, 950
260
6, 860
4, 490
112
21, 160
. 9935
48
4,374
1,880
235
6, 785
4,245
103
22, 425
1.0271
54
4,662
1, 955
255
7, 510
4,700
153
21,755
1.0303
18
4,214
2,150
275
7,755
4,880
110
21, 700
1.0250
37
3,845
2. 010
255
7,455
4. 995
31
20, 950
1.0304
3 783
4, 984
1, 980
315
7, 935
4 995
155
22, 645
1.0415
2, 547
1, 745
250
5, (500
3, 210
54
22, 995
1.0231
61
2, 399
1, 930
285
4, 760
2, 185
106
23, 060
1. 0233
2 454
3, 876
1,845
260
4, 825
2, 150
129
25, 475
1.0243
334
3, 500
1,910
270
4, 920
2, 270
167
27, 285
1. 0220
430
2 938
1.710
210
5, 645
3 235
159
28, 170
1. 0096
138
3 166
1 775
280
6 985
4 470
92
26, 955
.9913
. 9985
1.0097
35.6
36.1
37.1
38.3
38.4
36. 7
31.8
31.2
29.4
31.5
34.2
35.5
37.0
50.2
14.5
51.2
6.8
36.9
16.0
49.0
6.5
41.9
17.2
45.8
17. 7
47.4
17.1
34. 6
9. 1
32.4
13.3
38. 9
16.8
37 8
11 0
30 3
10 7
8.2
17.9
7.4
17. 6
8.3
21.5
8.2
22.8
8.8
22.1
8.4
22.0
8.7
15.3
7.9
15.8
8.8
20.6
8.8
20.4
7.9
18.9
7 8
20 6
71.3
5.1
79.5
.2
65.9
5.3
77.0
.2
74.8
5.2
87.4
.7
71.0
5.4
90.1
.4
71.9
5.6
88.1
.1
70.5
5.0
96.0
.2
68. 5
4.6
65.4
.1
65.9
3.9
60.5
.2
58.3
3.9
62.5
3.0
61.1
2.9
66. 9
1.4
59.4
3.0
71. 1
2 8
66. 7
2.9
89 3
2 3
195.8
85.1
.1150
200.5
83.4
.1142
^06.1
79.2
.1100
203.9
76.3
.1100
1 96. 0
76.4
.1100
169. 4
86.2
.1100
182. 0
90.2
.1100
192.0
93.2
.1100
193. 0
92.6
.1133
191.3
94.8
.1213
176. 2
95. 0
. 1250
154 4
99 6
. 1250
r
r
144 5
137 1
.1288
. 1300
1
Revised.
*> Preliminary.
Part of August 1959 production is included in December 1959 data.
© Basic metal content.
ARevised effective with the February 1960 SURVEY to include monthly estimate of secondary aluminum recovered by nonreporting producers.
§Data for 1958 have been adjusted to industry totals based on the expanded survey of producers introduced in January 1959. It is believed that the same general level of revision (increase
of approximately 8 percent) could be applied to the 1957 estimates. Revisions for 1958 are shown in the January 1960 SURVEY.
fRevised effective with the February 1960 SURVEY to include monthly estimate of lead recovered from nonreporting secondary smelters and lead recovered from copper-base scrap; revisions
lor 1958 are shown in the February 1960 SURVEY.
c?Consumers'
and secondary smelters' stocks of lead in refinery shapes and in copper-base scrap.
J Scattered revisions for January 1957-July 1958 are available upon request.
SURVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
March 1060
1959
Janu-
Febru-
ary
ary
March
April
May
June
1960
July
DecemAugust SeptemOctober November
ber
ber
January
February
METALS AND MANUFACTURES— Continued
HEATING APPARATUS, EXCEPT ELECTRIC
Radiators and con vectors, cast iron:
Shipments
mil of sq ft of radiation
Stocks end of month
do
Oil burners:A
Shipments
thousands
Stocks end of month
__
_ __do
Stoves and ranges, domestic cooking, incl. built-ins.'Acf1
Shipments total
thousands
Coal and wood
do
Gas (incl bungalow and combination) cf
do
Kerosene gasoline and fuel oil
do
Stoves domestic heating shipments total At
Coal and wood
Gasf
Kerosene gasoline and fuel oil
1 4
38
14
4 2
17
4 6
18
4 7
1i
53
14
54
16
4 8
17
4.6
2 3
39
2 3
33
19
29
13
3. 1
47 4
37 7
44 7
43 4
43 8
46 3
43 5
53 2
48 2
52 2
68 4
51. 9
54.1
52.7
65 4
50.8
79 3
42.7
77 6
39.9
47 6
37.2
31.4
40.1
7
9
4
3
181.8
35
171.5
6 8
175.6
4 0
164 8
6 8
170.3
2 4
161. 3
6 5
183.3
39
172.4
70
156.0
3.9
145.5
6.7
186.9
3.8
176.6
65
222.4
5.2
210.3
6 9
208.8
56
194.5
87
181.8
168. 6
4 13 2
99 5
98
52.7
37 0
100 7
9 5
55.5
35 7
132 1
12 7
73.1
46 3
131 1
18 6
75.8
36 7
122 1
20.9
63.4
37.8
200 7
27.3
126.6
46 9
232.5
32.5
146.0
54.0
303.8
42.2
196.5
65.0
344 5
55.5
225.5
63.5
332 7
50 2
224.9
57 6
229 5
31 1
165.6
32 8
90 8
13.1
64.5
13. 1
89 1
64 1
22.8
2 1
252 9
86 3
63 5
21.0
19
246 7
95 0
70 3
22.9
18
252 6
97 6
74.6
21.1
19
248 1
100 6
75.7
23.2
1.7
227 6
119 3
89 4
26.9
30
236 7
126.5
94.9
28.3
3.3
234 7
151.2
110.8
35.4
4.9
241.2
170 7
120.9
43.9
6.0
231 5
172 3
125 5
41.2
56
262 7
r 119 9
86 8
67 8
16. 1
2 8
158
4
148
5
do
do
do _.do
Warm-air furnaces (forced-air and gravity air-flow),
shipments totalAt
thousand^
Gas
do
Oil
.-do
Solid fuel
do
\Vater heaters gas shipments A
do
5
4
8
3
162
3
152
6
3.0
(4)
r
r
90 7
26 0
32
190 3
MACHINERY AND APPARATUS
Blowers, fans, and unit heaters, quarterly totals:
Blowers and fans, new orders.mil. of dol..
Unit-heater group, new orders _
do
Foundry equipment (new), new orders, net
monthly average shipments 1947 49 — 100
Furnaces, industrial, new orders, net:
Electric processing
mil. of dol
Fuel-fired (except for hot rollin01 steel)
do
34.2
19.9
Industrial tracks (electric), shipments:
Hand (motorized)
number
Rider-type
_ _ _ -do. _
Industrial trucks and tractors (gasoline-powered),
shipments
number..
Machine tools (metal-cutting and metal-forming):
New orders (net) total
mil. of dol
Domestic
__do
Shipments total
do
Domestic
_ _ d o _ ..
Estimated backlog ..
months-Other machinery and equipment, quarterly shipments:
Construction machinery (selected types), total 9
mil of dol
Tractors tracklaying (crawler) total
do
Tractors, wheel (contractors' off-highway) ...do
Tractor shovel loaders, integral units only (wheel
and tracklaving types)
mil of dol
Farm machines and equipment (selected products),
excluding tractors
mil of dol
Tractors, wheel (excl. garden and contractors' offhighway types)
mil of dol
Pumps (steam, power, centrifugal, and rotary), new
orders
mil. ofdoL.
40.5
19.9
37.0
24.1
127 4
237 1
166 6
154 2
157 0
125 1
110 7
134.1
131 3
140 8
131 2
95 9
.9
2 2
.9
19
.9
33
1.2
6.9
1.0
2 5
1.5
31
2.2
6.2
1.6
5.7
1.8
1.6
3.0
5.9
1.4
1.6
41
52
361
270
282
206
426
266
440
295
361
292
574
384
579
400
355
273
433
386
621
400
561
443
548
408
533
426
1,472
1,429
1,897
2.155
1,760
2,040
1, 916
2,161
2,226
2,520
2,462
2,624
1,773
58 30
48. 15
63 85
55. 35
P 57. 00
P 45. 40
P 46 45
P 40. 50
p 3 4. 9
41.05
35. 10
31.30
25.80
3.4
45.40
40. 05
36.05
29.85
3.8
51.55
46.70
45. 75
39.40
3.9
53.20
46.90
45.00
38. 25
3.9
48.70
45. 55
41.00
36. 30
3.9
136. 8
5.0
65. 40
60. 10
50. 05
44.95
4.1
63.40
53. 25
40.60
37.00
4.6
52.20
47. 05
40.30
35.35
4.8
372 6
107 4
35.3
248 4
71 8
20.5
r
'36.5
21.9
T
r
T
r
58.85
50.10
46.15
42. 25
4.9
66. 65
51.15
51.50
46.15
5.1
54 25
44. 10
46 60
41. 10
35.2
292.4
90 1
22.7
i 23 8
i 12 4
i 95 9
1
137 3
49 6
70. 1
65.3
240.2
285. 3
208.1
148.8
182. 6
117.1
i 50.8
M.8
146 5
30 6
5.5
5.6
6.7
7.0
7.3
5.7
6.2
5.5
5.8
5.5
1,791
1,376
1,437
1,593
2,118
2,556
2,728
2,889
3,069
2,799
* 2, 467
1,866
134.6
140. 5
172.6
148.3
136. 1
135. 7
133.4
140. 5
151. 4
138.8
129.2
116.4
116.6
104.5
157.2
131. 9
143.4
112.6
144.0
93.5
147.5
113. 0
113. 5
117.0
317.4
257. 3
276. 0
274.4
277.9
341.9
1, 040. 2 1,039.6 21,430.2
431.9 2571.0
389.3
221.2
318.1
829.0
350.4
268.5
359.8
1,009. 4
547.4
305.1
394.1
21,981.2
2
808. 3
330.9
374.1
1, 795. 7
706.6
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), shipments
2,672
thousands..
Household electrical appliances:
Ranges (incl. built-ins), domestic and export sales
thousands. - 120.8
106.2
Refrigerators and home freezers, output*. .1957=100.Vacuum cleaners (standard type) , sales billed
thousands. . 242.5
288.5
Washers, sales billed (domestic and export) O..do
Radio sets, production!
__
_ _ _ do -._ 1, 124. 7
437.0
Television sets (incl combination), prod §
do
Electronic tubes and semiconductors, factory sales
63.2
mil. of dol. .
Insulating materials and related products:
Insulating materials, sales billed, index
130
1947-49=100..
Steel conduit (rigid), shipments
thous. of ft_. 34, 764
Motors and generators, quarterly:
New orders index
1947 49—100
Polyphase induction motors, 1-200 hp:
New orders, gross
_. .thous. of dol..
Billings
do
DirectT current motors and generators, 1-200 hp:
New orders gross
thous of dol
Billings
do
346. 6
271.4
297. 8
329.7
1, 125. 4 21,347.6
459.5 2 494. 0
290.1
293.8
312.8
264.2
1,346.1 21,553 3
560 8 2593 2
65.8
77.9
68.0
69.4
77.5
70.0
74.0
87.0
88.5
82.3
84.0
138
26, 789
152
25, 856
166
31, 654
153
35, 037
153
46, 100
131
39, 126
145
29, 926
160
20, 192
164
10, 248
141
13,016
39, 063
164
186
169
41, 089
38, 188
47, 367
46, 848
39, 628
39, 981
8,271
5,169
7,781
6,641
7,222
6,283
r
258.3
254.6
1,355
8 P i 438 4
r
526 5 P 499 g
80.6
154
-
42, 211
41, 938
40 015
7 124
7 069
l
2
' Revised, v Preliminary.
Data are for month shown.
Represents5 5-weeks' production.
3 Estimated backlog for metal-cutting tools only.
* Shipments of coal and wood stoves are included with liquid fuel types.
Revision for 4th quarter 1958.
ABeginning January 1959, industry estimates are based on revised inflating factors and are not strictly comparable with earlier data.
cfIncludes data for built-in gas-fired oven-broiler units; shipments of cooking tops (for use with the ovens), not included in figures above, totaled 33,400 units (4-burner equivalent) in
November 1959.
9 Includes data not shown separately.
fRevisions for gas heating stoves (January-June 1958) and warm-air furnaces (January 1957-June 1958) are available upon request.
*New series (from Board of Governors of the Federal Beserve System)', monthly data for January 1947-November 1958 will be shown later.
©Data exclude sales of combination washer-dryer machines; such sales (including exports) totaled 14,000 units in January 1960.
§Radio production comprises home, portable battery, automobile, and clock models; television sets include combination models. Data for March, June, September, and December 1959
cover 5 weeks; all other months, 4 weeks.
SURVEY OF CURRENT BUSINESS
March 1060
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-35
1959
January
February
March
April
May
June
1960
July
DecemAugust SeptemOctober November
ber
ber
January
February
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production _ _ _ _ _ _ _
_ _ _ thous. of short tons
2,194
1 557
1,508
1 503
1 388
Stocks in producers' storage yards, end of mo do
329
298
329
281
372
Exports
_ _
do
181
166
108
79
158
Prices:
Retail, stove, composite
_ dol. per short ton
28 26
28 81
28 75
27 44
28 80
Wholesale, chestnut, f.o.b. car at mine
_ do
14. 413
14 966
14 763
13 391
13 391
Bituminous:
r
Production
_ ___
_
_ thous. of short tons
36, 346 r 34, 139 r 35, 229 r 34, 931 r 35, 323
Industrial consumption and retail deliveries, total 9
thous. of short tons__ ' 36, 686 r 33, 259 r 34, 758 r 30, 940 ' 30, 269
Electric power utilities
do
15 907
14 002
12 632
14 400
12 718
339
Railroads (class I)
do
304
241
286
189
r 16 303 r 15 399 r 17 266 r IP 367 r 16 190
Manufacturing and mining industries total do
r 7 880
r 9 096
r 8 003
r 8 8^1
r 9 068
Coke plants (oven and beehive)
do
Retail deliveries to other consumers
do
Stocks, industrial and retail dealers', end of month,
total
thous of short tons
Electric power utilities
do
Railroads (class I)
do
Manufacturing and mining industries total do
Oven-coke plants
do
Retail dealers
r
1 683
395
106
1 142
411
119
1 515
442
108
1 726
467
217
1 709
470
180
1 763
445
213
1,860
429
153
1,634
378
27 34
13 391
27 48
13 811
27 49
13.811
27 40
14 231
27 40
14 651
27 74
14 651
27 82
14. 651
28 18
p 14 651
24, 230
r 29, 906
40, 376
35, 825
36 599
r
r
32 373
' 29, 928 ' 26, 129 r 24, 585
13 806
13 249
13 391
152
133
131
r 15 310 r 11 231
r g 921
r 5 048 r 2 612
r 8 568
r 24, 393
12 987
137
r
8 879
r 2 524
r
34, 724
r
35 824
r
33, 910
' 26, 252 ' 32, 135 r 36, 964
15 2?3
14 084
13 389
266
242
186
r
14
417
r
17, 709
9 678
r
8, 697
2 600 r 6 203
4 044
3 551
2 802
1 634
1 018
1 059
1 248
1 622
2 281
2 881
3 267
3,731
71, 203
45, 121
360
24 969
12 128
69 167
43 024
349
25 139
11 852
65 868
41, 939
337
23 073
11 684
65 739
42 292
276
22 686
11 569
67 659
43 686
266
23 077
11 837
70 369
44 932
271
24 369
12 428
65 374
43, 493
249
20 700
9 278
66 596
45, 376
246
19 912
8 442
68 732
47,680
246
19 733
7 927
72 663
49 758
246
21 585
9 374
74, 653
50, 561
233
22 738
10 128
76, 152
50, 107
225
24, 790
11, 445
753
655
519
485
630
797
932
1 062
1 073
1 074
1 121
1,030
3 142
2 288
2 824
3 148
3 303
9 894
3 677
4 001
3 509
3 111
2 481
2, 858
16 98
16 99
17 00
16 94
16 58
16 55
16 65
16 72
16 95
17 10
17 12
17.14
17 19
5 332
8 013
5 334
8 013
5 341
7 775
5 206
7 359
5 174
7 313
5 173
7 459
5 175
7 585
5 171
7 724
5 184
7 822
5 202
7 838
5 192
7 944
r 5. 193
7 953
p 5 193
p 7 953
82
5 533
683
92
5 437
636
141
6 262
736
162
6 074
617
143
6 244
693
125
5 923
724
68
3 489
663
50
1 789
670
37
1 739
685
39
1 801
683
65
4 270
672
89
6,052
762
104
6 186
3,793
2 366
1 427
995
29
3 709
2 274
1 435
1,041
31
3 587
2 158
1 429
1,094
33
3 423
2 04°
1 381
1 094
35
3 154
] 835
l' 320
1 131
61
2 900
1 643
l' 257
1 178
41
3,164
1 828
1, 336
1.203
41
3,788
2 274
1 515
1,185
29
4,333
2 680
1 652
1,163
32
4,830
3 101
1 729
1 096
50
4 988
3 ?27
1,760
1, 114
35
4, 505
2,819
1, 686
1,114
42
4,041
2 535
1 506
29.23
30.35
30.35
30 35
30 35
30.35
30.35
30.35
30.35
30.35
30.35
30. 35
30 35
2,427
2 97
255, 124
88
1, 853
2 97
227, 562
87
1,995
2 97
254, 422
88
2,209
2 97
235, 982
84
2,149
2 97
244, 789
83
2,368
2 97
239, 607
84
2,447
2.97
244, 316
83
2,114
2.97
250, 508
85
2,189
2.97
236, 326
83
2,076
2 97
237, 066
81
r 2, 275
2.97
239, 517
84
2,430
2.97
252, 442
86
p 2 97
of bbl
315, 524
292, 471
318, 918
286, 201
296, 418
295, 505
280, 418
282, 365
282, 880
289, 343
291, 946
313, 088
do
I do
223, 926
26, 697
201,435
25 091
222, 839
27 328
217, 685
26 162
223, 806
26 638
212, 489
25, 950
210,311
26, 190
209, 733
26, 539
205, 700
26 033
214, 248
27, 456
209, 449
27, 618
222, 969
29, 156
28, 664
36, 237
-35, 136
29 467
36, 478
-2, 628
28 113
40, 638
7,295
22 270
20, 084
6,766
29 089
16, 885
33. 453
36. 147
20, 919
17, 313
27, 510
16, 407
2,610
29, 943
16, 150
13, 291
29 486
21, 661
185
30 355
17, 284
13, 259
350, 660
295 099
311 623
279 435
262 985
278 192
277, 808
269, 074
282 695
276 084
301, 332
341, 574
352
7,998
342, 310
114, 720
17, 997
95, 234
62, 940
97
6,439
288, 563
99 759
13, 113
74, 102
57, 436
178
7,297
304, 148
118 995
10, 693
67, 218
59, 281
230
7,963
271 242
124 917
5, 980
47, 682
45, 130
267
7,067
255, 651
127, 049
4,013
37, 474
37, 776
192
7,600
270, 400
133, 695
4,552
36, 438
40, 442
174
7,264
270, 370
137, 141
6,063
34, 161
36, 068
237
6,698
262, 139
132, 875
4,370
31,457
34, 705
151
6,653
275 891
130 264
7,871
42 694
37, 874
258
7,287
268, 539
120, 858
8,059
46 075
38, 370
132
5,453
295, 747
116, 056
11, 723
65, 895
50, 155
258
7,238
334, 078
123, 578
15, 545
80, 976
58, 623
do
do
do
__do
8,086
3,504
3,635
22, 710
7,203
2,746
3, 160
17, 864
7 568
3,799
5,798
16, 617
8, 589
3, 577
6,971
14, 787
7,476
3,831
9,367
13, 632
7,914
3,900
12, 562
14, 839
8,983
3,671
13, 440
15, 165
9,233
3,567
13, 721
16, 563
10 994
3,737
12, 724
15, 994
9,364
3,797
10, 267
18, 541
8,767
3, 255
6,225
21, 106
10, 064
3,333
4,419
23, 703
do
do
do
do
754, 390
258, 108
18, 008
478, 274
751, 762
260, 040
17, 651
474, 071
759, 057
254, 940
19, 524
484, 593
765, 823
257, 564
22, 589
485, 670
799, 256
264, 525
27, 210
507, 521
816, 569
272, 505
29, 976
514, 088
819, 179
264, 994
31, 296
522, 889
832, 470
253, 091
31, 820
547, 559
832, 655
250, 996
32, 759
548, 900
845, 914
257, 487
31, 942
556, 485
836, 528
255, 953
29, 135
551, 440
808, 042
257, 129
24, 887
526, 026
126, 219
1,262
118, 105
2,243
123, 879
2,002
124, 580
1,814
127, 991
2,056
130, 366
1,398
123, 344
1,781
121, 865
1,688
122, 843
1,537
129, 835
1,793
204, 648
13 964
197, 841
12, 554
193, 106
12, 534
183, 022
13, 056
172, 755
12, 539
170, 543
11,378
163, 247
10 881
162, 780
11, 497
169, 701
11,315
175,319
11, 796
.120
.120
.120
.115
.110
.120
.118
.110
.105
.103
p. 100
.213
.211
.212
.213
.217
.218
.214
.207
.211
.207
.203
do
Exports
do
Prices:
Retail composite
dol per short ton
Wholesale:
Screenings indust use f o b car at mine do
Domestic large sizes f o b car at mine
do
1,567
r
COKE
Production:
Beehive
thous of short tons
Oven (byproduct)
do
Petroleum coke §
do
Stocks, end of month:
Oven-coke plants, total
.
do
A.t furnace plants
do
4t merchant plants
do
Petroleum coke
do
Export^
do
Price, oven foundry coke (merchant plants), f.o.b.
Birmingham, Ala
_ dol. per short ton
30. 35
PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed t
number
Price at wells (Oklahoma-Kansas)
dol per bbl
Runs to s tills J
thous. of bbl
Refincrv operating ratio
percent of capacity
All oils, supply, demand, and stocks:
New supply totalj
thous.
Production:
Crude petroleumj
Natural-gas liquids benzol (blended) etc
Imports:
Crude petroleum
Refined productst
Change in stocks, all oils (decrease, — )
do
do _
do _
Demand total!
do
Exports:
Crude petroleum
do
Refined products^
do
Domestic demand total 9 J do
Gasoline t
do
Kerosene $
- - -- do
Distillate fuel oilj
do
Residual fuel oilj
.__.
do
Jet fuelj
Lubricants!
Asphaltt
Liquefied gasesj
Stocks end of month, total
Crude petroleum
Natural-gas liquids
Refined products
-
-
_
_
_
.
Refined petroleum products:
Gasoline (incl. aviation) :
127, 508 111, 523
Production!}:
_,.
- do
1,682
1,575
ExportsJ
. -- do
Stocks, end of month:
187, 472 197, 468
Finished gasoline
do
11, 603
12 899
Unfinished gasoline
do
Prices (excl. aviation) :
Wholesale refinery (Okla., group 3) dol. per gal
.115
.115
Retail (regular grade, excl. taxes) , service stations,
.210
.211
55 cities (1st of following mo.)
dol. per gal__
r
Revised.
*> Preliminary.
9 Includes data not shown separately.
i Revisions for 1958 will be shown later as follows: Oil wells completed
all other indicated items (January-September).
31, 879
29, 421
29, 084
25, 458
-9, 386 -28,486
.202
§ Includes nonmarketable catalyst coke.
(August and September); domestic demand—jet fuel (February-September); lubricants (January-August); for
SUEVEY OF CUEKENT BUSINESS
S-36
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
I960
1959
January
February
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
January
February
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued
Aviation gasoline:
Production
_
thous. of bbl._
Exports^
do
Stocks, end of month.
_ __ _-do._Kerosene:
Production
_
do _
Stocks, end of month
do
Price, wholesale, bulk lots (N.Y. Harbor)
dol. per gal__
Distillate fuel oil:
Production
thous. of bbi
ImportsJ
do
Exports i
do
Stocks end of month
do
Price, wholesale (N.Y. Harbor, No. 2 fuel)
dol. per gal..
Residual fuel oil:
Production
thous of bbl
Imports J
do
Exports^
do __
Stocks end of month
do
Price, wholesale (Okla., No. 6fuel)-..<loi. per bbl_.
Jet fuel:
Production
thous of bbl
Stocks end of month
do
Lubricants:
Production
do
Exports^
do
Stocks, end of month.
_.
.
do __
Price, wholesale, bright stock (midcontinent, f.o.b.
Tulsa)
dol per gal
Asphalt:
Production
_ _ thous. of bbl. .
Stocks, end of month
do
Liquefied petroleum gases:
Production
do
Transfers from gasoline plants*
. . do__ _
Stocks (at plants, terminals, underground, and at
refineries), end of month
thous. of bbl_.
Asphalt and tar products, shipments:
Asphalt roofing, total
thous. of squares. .
Roll roofing and cap sheet
.
do
Shingles all types
do
\sphalt siding
Insulated siding
Asphalt board products ..
Saturated felts
do
.
. do. ..
..thous. of sq. ft .
short tons
10, 209
823
13. 186
9,979
1,117
14, 437
9,845
746
14, 884
10, 099
1, 518
14, 408
10,567
1.408
14, 325
10, 828
1, 180
14,623
10, 930
1 , 356
12, 887
10, 947
736
12, 793
10, 186
1,226
12, 062
10, 022
955
11,715
9, 509
954
12, 203
10,467
1, 036
11,923
12, 978
21,090
11, 686
19, 725
9,484
18, 688
8, 269
21, 003
7, 574
24, 597
7, 314
27, 364
6, 967
28, 328
7, 264
31, 221
8, 305
31 562
8,886
32 396
9,992
30, 701
11,943
26, 817
.112
.117
.117
.112
.107
.101
.101
.098
.098
.098
.098
.103
66, 124
1, 556
1,261
96, 849
60, 458
1, 585
856
84, 071
61, 610
3, 467
1,427
80, 662
52. 181
1,877
951
86, 222
54, 295
811
1,122
102, 863
53, 745
1,841
1,182
120, 962
53, 279
1 055
886
140 388
55, 921
818
1,673
164, 134
52, 355
1 181
979
174 148
53, 816
675
883
181 840
55, 044
822
849
171 114
60, 110
1 789
1, 195
151 030
.107
.112
.112
.107
.102
.096
.096
. 093
.093
.093
.093
.098
34, 622
26,153
3, 234
55 214
1.70
31, 493
26, 354
2, 345
54, 178
1.90
32, 569
31,409
2,703
57,210
1.90
28, 104
14, 984
2, 572
53 327
1.80
27, 874
13, 861
1,950
55 821
1.80
27, 448
14, 671
2,499
55 479
1.60
25 514
11.272
2, 145
54 509
1.60
27. 393
11, 764
1, 554
57 855
1.60
25 581
15 312
1,887
59 429
1.40
26 949
13 487
2, 403
59 506
1.40
29 147
21 050
1, 339
58 587
1.50
31 906
22 938
1, 409
•"3 2r>l
1.00
6,112
6. 257
6, 218
6, 499
7, 958
7,879
7, 154
7,842
7, 060
7, 960
7,331
7,995
7 974
7 995
9, 044
8,433
8 199
7 937
8 788
8 044
8 186
8 435
8 90r»
8 741
4, 360
1,051
9,494
3,941
961
9,728
4, 652
1,174
9, 407
4, 751
1,411
9, 170
4, 754
1, 181
8,912
4,615
1,231
8, 396
4. 958
1 281
8, 402
4,593
1 154
8,274
4,867
1 026
8,378
4 934
1 278
8, 237
4.718
908
8,792
4 9f>8
1 477
8, 950
p. 113 1
p. 103 !
p 1. 60
.230
.230
.230
.230
.230
.230
. 230
.240
.240
240
.240
250
4, 510
11,252
4.379
12, 726
6, 769
14, 270
7, 674
15, 235
9, 281
15, 351
10, 582
14,228
11.515
1 2. 853
11,406
11, 409
10, 655
9, 986
9,424
9. 579
6, 626
10, 224
4.822
10, 948
5, 171
17, 383
5, 353
12, 784
6, 134
10,813
5, 861
9.314
5, 771
8, 251
5, 636
9,504
9. 875
5, 576
11, 236
5, 375
10,882
5, 538
13. 229
5, 573
15, 470
6 019
17, 681
11,956
11, 154
13,318
17, 051
21,737
24, 544
26,819
27, 961
29, 095
28, 286
25 190
20. 785
2, 698
1,029
1,669
3, 365
1,221
2,144
6, 950
2, 524
4, 426
3, 985
1,379
2, 606
4,749
1, 568
3,182
5, 563
1,820
3,743
6, 163
2,079
4.083
5, 916
2,112
3,804
6. 525
2.430
4,095
7,255
2.774
4 481
3, 771
1, 445
2,326
2,881
1.021
1 860
2 646
1,006
1 640
54
76
950
58, 927
67
69
1,094
66, 678
110
107
1,484
120, 966
53
143
2, 206
80, 148
62
159
1,870
83, 830
69
156
2,087
93, 477
88
176
2,280
102, 080
87
168
1,721
87, 528
109
165
2,211
95, 489
124
145
2,049
110,144
77
93
946
66, 664
52
59
822
61, 625
33
46
776
55 981
r
3 209
3 268
4, 905
r
3
r
3
T
3 575
3 395
5, 321
>• 705. 5
588. 2
739.1
578. 9
r 1,891.8
2, 109. 9
91.9
1, 199. 5
234.2
.
p 250 i
PULP, PAPER, AND PRINTING
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
Consumption
Stocks, end of month.
Waste paper:
Consumption
Stocks, end of month
thous of cords (128 cu ft)
do
do
thous. of short tons..
do...
3,174
3, 165
5,931
2, 962
2,942
5, 952
3,040
3, 255
5, 740
2,805
3,314
5, 205
2,950
3, 285
4, 835
3, 117
3,286
4,670
3 215
3, 075
4,822
3 536
3,424
4,920
3 337
3,210
5, 062
3 448
3 531
4,961
712.9
463. 4
745.9
449. 5
794.4
455. 8
786.8
471.5
783. 6
489.0
793.6
491.7
695.9
542. 9
796.2
513. 9
784.5
524.5
815.5
549. 6
745.8
552. 3
1, 836. 1 2, 039. 6
94.4
90.2
1, 044. 8 1, 153. 7
213.0
184.3
2, 060. 1
90.0
1,181.4
210.9
2, 090. 0 2, 055. 0 1,912.5
86.6
94.2
76.0
1, 207. 2 1,171.7 1,091.5
207.6
199.5
182. 1
2,129.6
95. 0
1,216.0
209.3
1, 999. 8
98.0
1, 123.4
195.2
2, 187. 7
96 7
1,259.3
221 3
1. 989. 8
92 6
1, 132. 5
201 5
WOOD PULP
Production:
Total, all grades
thous. of short tons.. 1, 961. 0
93.8
Dissolving and special alpha
do
1,111.3
Sulfate
..do
207.1
Sulfite
do
Groundwood
do
Defibrated or exploded.
do .
Soda, semichem., screenings, damaged, etc^do..Stocks, end of month:
Total, all mills. ._
_ do ..
Pulp mills
do
Paper and board mills .
do
Nonpaper mills
do. .
Exports all grades, total
Dissolving and special alpha
Allother
Imports, all grades, total
Dissolving and special alpha
Allother
do
do
do
.
_
do...
do
. do
388
034
5, 158
r
84 2
1,044.
5
r
203. 1
265. 5
98.0
185.3
243.4
91.8
181.5
264. 0
109.0
205.4
267. 2
105.9
204.7
271.5
106. 7
210.2
265.5
111.8
212.2
251.3
107.7
203. 8
270. 2
116.2
222.8
255.3
112.6
215.2
277 0
116.6
216.7
260 1
96.9
206.1
r
906. 6
271.1
552. 7
82.8
900.4
272.5
548.3
79.6
924.1
298.2
546. 6
79.3
916.4
292.4
545.3
78.7
950.9
317.9
555.6
77.5
932.9
306.4
546. 3
80.2
914.2
288.4
547. 2
78.6
900.1
284. 1
542. 6
73.4
855.7
251 6
531.5
72.6
857.3
256 3
522 7
78.3
874.8
270 0
526. 3
78,4
r
53.1
22.1
30.9
43.0
22.1
20.8
47.9
27.0
20.9
52.7
20.5
32.3
37.2
21.8
15.4
55.7
24.0
31.7
57.2
24.2
32.9
57.1
23.3
33.8
76 0
36. 4
39.6
46 7
15 0
31.6
45 3
16 8
28.5
80 7
33 4
47.3
215.9
11.4
204.5
186.1
12.4
173.7
180.3
12.4
167.9
213.7
15.9
197.8
200.9
13.0
187.9
214.3
14.0
200.3
214.3
12.0
202.3
189.9
15.4
174.6
191.8
15.9
175.9
198.1
16 4
181 7
232.8
16 6
216.2
203.8
18 3
185. 5
263 0
92. 3
204. 7
277.4
97.5
209. 5
845. 1
r231
9
r
534. 4
78.7
862 7
267. 6
524.1
71.0
r
r
PAPER AND PAPER PRODUCTS
All paper and board mills, production:
2,621
2,867
2,958
2,925
2,921
2,676
2,804 r* 2, 632
2,955
2,891
Paper and board, total
thous. of short tons.. * 2, 703
3,088
2,845
1,239
1,294
1,145
1,277
1,258
' 1,214
1,166
1 227
1,268
Paper
do
1 358
1 209
1,218
1 320
1,352
1,344
1,222
1,335
1,373
1, 353
1,203
•• 1, 242
Paperboard
. . do
1,405
1, 315 r 1, 177
1, 306
1,315
12
13
11
13
13
11
15
Wet-machine board
...
do. __
' 11
12
12
14
13
10
281
299
291
243
297
295
Construction paper and board
do
'237
300
312
299
254
250
••233
r
Revised.
* Preliminary.
^Revisions for 1958 will be shown later as follows: Aviation gasoline exports, distillate fuel oil imports, residual fuel oil imports, transfers from gasoline plants (January-September); distillate fuel oil exports (January-May and September); residual fuel oil exports (May and June); lubricants exports (January-August).
SURVEY OF CUREENT BUSINESS
March 1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-37
1960
1959
Janu-
Febru-
ary
ary
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
Janu-
ary
Febru-
ary
PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS— Continued
Paper, except building paper, newsprint, and paperboard (American Paper and Pulp Association) :
Orders new 9
thous of short tons
Orders, unfilled, end of month 9
do
Production
do
Shipments 9
do
Stocks end of month 9
do
Fine paper:
Orders new
do
Orders, unfilled, end of month
do
Production
_
do
Shipments
do
Stocks, end of month
do
Printing paper:
Orders new
do
Orders unfilled end of month
do
Production
do
Shipments
_
-_
do
Stocks end of month
do
Price, wholesale, book paper, "A" grade, English
finish white f o b mill
dol per 100 Ib
Coarse paper:
Orders new
thous of short tons
Orders unfilled, end of month
do
Production
do
Shipments
do
Stocks, end of month
do
Newsprint:
Canada (incl. Newfoundland):
Production
do
Shipments from mills
do
Stocks at mills end of month
do
United States:
Production
do
Shipments from mills
do
Stocks at mills end of month
do
896 7 r lf 008 0 r 863 5
725. 2
* 663. 9
709.3
1, 067. 0 '•1,191.8 ' 1,068.0
898.3 «• 990. 8 rT 904. 4
579. 1
«• 566. 3
* 580. 9
923 2
601.6
1,054 7
873.3
534 0
900 0
669.6
1,000 2
836.3
542 4
975 0
704.6
1, 082. 1
897.3
540 0
1 009 2
761.3
1, 142. 7
950.3
552 7
934 5
722.4
1,111.6
934.4
553.6
939 3
741.3
1,099. 9
932. 5
551.2
899 0
785.2
1, 022. 5
853. 4
541. 2
897 4
707.3
1, 102 8
915.4
560 4
149.2
78.6
138.4
141.9
131.3
146 9
89.7
135.9
137 5
129.6
158 3
101.6
148.0
148 5
129.1
162.2
109.7
152.0
150.3
128.2
140.5
102.0
149.2
148.9
127.3
146.9
103.4
151.1
151.2
130.2
134 4
104.8
129.3
129 3
120.3
131 5
88.4
145.0
139 8
120.9
128.8
79.8
140.4
138. 6
124.4
384.0
329.3
358.2
353.2
236.5
370.4
360 8
329.1
326.8
238.8
418.1
391 2
370.6
362. 5
246.9
437.8
430 5
383.8
382. 6
248.0
386. 9
407.8
378. 6
376.4
250. 3
393.8
435.3
379. 2
381. 4
248.0
395. 0
476 4
361.1
358. 9
250 1
374.7
411 8
386. 3
383.2
253 2
378.8
408.0
376.7
374.0
255.8
15.95
15.95
15. 95
16.28
16.28
16.28
16 45
16 45
16. 45
330 4
147.5
320.6
319.8
101.1
327 1
168.1
311.7
316.2
103. 2
332 2
159.5
327.9
324.9
97.7
343.5
164.8
352. 2
353.8
105.7
346 6
161. 4
346.5
343. 2
104.6
334.2
153.3
339.4
335.9
105.9
318 3
160.9
315.4
313 1
108.9
329 5
157.4
334. 6
328. 6
111. 1
333.1
173.2
322. 6
326. 4
109.5
491.1
465 9
209.9
466. 0
416 2
259 6
511.9
453 2
318.3
534. 6
577 5
275 4
551.3
589 1
237 5
534. 2
535 6
236.1
535 8
547 0
224 9
541.5
531 1
235.2
532. 8
560 6
207.5
165. 7
155.1
27.1
149.6
155.0
21.7
161.8
159.2
24 3
161.3
168. 6
16 9
172 A
166.8
22 5
167.9
161.4
29.0
149 2
156.5
21 7
173.8
167. 7
27 8
394.9
384 5
457.7
466. 5
484 2
428.9
400 1
651.8
636.3
578.5
567. 9
562. 4
579. 8
625 8
341.6
Imports
do
Price, rolls, contract, delivered to principal ports
dol. per short t o n _ _ 134. 40
351.6
410.3
430. 7
477.0
458.2
134. 40
134. 40
134. 40
134. 40
1,381.1
498.7
1,346.2
93
1,384.2
507. 4
1,351.2
94
1, 388. 8
497.8
1,388.0
93
Consumption by publishers cf
do
Stocks at and in transit to publishers, end of
monthcf
thous of short tons
Paper board (National Paper board Association):
Orders, new
thous. of short tons_- 1, 168. 6 1, 255. 9
375. 6
423.7
Orders, unfilled, end of month
do
1, 196. 0 1,215.2
Production, totaL
___ do
89
93
Percent of activity
Paper products:
Shipping containers, corrugated and solid fiber,
8,391
8,118
shipments
mil sq ft surface area
Folding paper boxes, shipments, index of physical r
117. 5 r 118. 0
volume
-_- 1947-49=100
142.9
74.4
151. 1
144. 1
131.4
r
i 812 0
593.0
841.0
828.0
521. 0
130. 3
70.3
139. 2
130. 3
141. 6
133 0
67.0
137.0
131 0
147.0
r
367. 7
r
386 1
r
381. 6
r
38J.5
r
257. 6
387.0
369 0
391 0
391.0
258 0
16 45
16 45
306 7
163. 1
'r 314. 7
331.
1
r
106. 3
292 0
157 0
313.0
306 0
116 0
593. 2
602 6
198.2
563 3
594 5
166 9
538 5
551 8
153 6
527. 4
493 8
187.3
149.2
155.6
21.3
177.3
179. 5
19.2
169.0
169.9
18 3
167 2
167.3
18 1
179.4
167. 0
30 5
423 0
449.0
492 4
487 5
459 1
431 6
642.8
660. 4
646.2
644 7
058 8
651 8
434 1
434. 4
462. 1
460 5
488 8
513 4
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
1, 375. 2
478.6
1, 386. 7
96
1, 282. 4
550.6
1,209.5
85
1, 395. 9
507.4
1, 418. 7
96
1. 367. 1
532. 0
1, 360. 1
93
1,463.5
483.2
1, 479. 7
97
1, 293. 5
438.8
1, 334. 9
94
1,269.1
424. 8
1,284.0
80
1, 226. 3
462.2
1,234.1
92
8, 908
9, 486
10, 034
10, 584
8,458
8 650
8,455
' 133. 6 ' 123. 1
r 130. 2
110.0
1, 586
1,2 372
214
1, 185
955
230
3 560
3 471
389
42, 039
78 503
48, 844
42, 950
79, 405
47, 443
46, 350
76 156
8,982
9,208
9,121
9,121
r
134. 7
>• 124. 6
r 123. 4
r 130. 2
2
2
1,574
1, 334
2240
1, 299
1,022
277
1, 280
968
312
' 123. 0 ' 127. 6 r 136. 5
r
r
r
419. 7
418 5
413. 3
'411. 6
257. 5
r
r
r
r
16.45
••374 9
182. 2
" 363. 8
365. 5
113.3
r
r
r
r
r
P 16. 61
1, 324. 1
441. 1
1,339.2
95
PRINTING
Book publication total
New books
Now editions
number of editions
do
do
1,073
469
368
101
873
200
2
2
1. 500
1, 120
2380
1,048
822
226
2
1, 189
2946
2243
864
684
180
1, 357
1,148
209
46, 914
80 106
45, 359
49, 252
78, 208
47, 643
49, 049
74, 172
48, 378
2
2
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
long tons
49, 913
Stocks end of month
do
82, 487
Imports, including latex and guayule
do
54, 950
Price, wholesale, smoked sheets (New York)
.301
dol. per lb._
Synthetic rubber:
Production
_ _
long tons
108, 504
89, 636
Consumption
do
Stocks, end of month _
do
187, 043
17, 762
Exports
do
Reclaimed rubber:
Production
_
Consumption
Stocks, end of month
do
do
do
47, 345
79, 657
48, 917
51, 991
78, 871
48, 584
41, 483
78, 157
44, 347
38, 777
82, 983
45, 450
47, 786
84, 727
46, 048
47, 545
80, 059
47, 527
.301
.315
.340
.366
.346
.350
.370
.400
.410
.475
.404
102, 297
87, 393
187, 181
16, 143
111,377
95, 089
183, 866
22, 150
108, 477
79, 739
182,939
25, 990
109, 951
74, 615
191, 763
27, 941
106, 716
91, 695
179, 569
28, 193
114,316
93, 734
176, 604
26, 261
119, 031
91, 037
183, 516
23, 729
119, 847
96, 859
178, 306
30. 634
128, 532
98, 594
190, 607
17, 984
124, 825
83 883
202, 057
24, 432
125, 779
89, 052
210, 846
32, 590
130, 742
95 048
221, 468
25, 790
25, 002
27, 157
25, 290
24, 471
27, 504
29, 310
27, 869
27, 582
21, 671
22, 380
25, 131
19, 401
20, 496
23, 554
26, 119
24, 998
23, 448
27, 863
23, 942
25, 949
25, 276
22, 914
26, 165
28, 123
25, 137
27, 384
28, 255
26, 022
27, 393
22, 525
20, 217
28, 526
23, 720
22, 962
27, 738
26 442
26, 112
28, 636
. 415
.402
TIRES AND TUBES
Pneumatic casings:
Production
10, 184
10, 270
11, 350
8,025
7,796
10, 294
11, 223
9, 683
10, 103
10, 884
8,347
9, 645
do
do
do
do
9, 806
2, 960
6,742
104
8,551
2,805
5, 611
135
10, 557
3,336
7,103
117
10, 999
3,594
7,297
109
9,726
3,291
6,356
79
10, 237
3,392
6,756
90
10, 532
3,588
6,832
112
7,957
1,249
6,595
114
9,298
2,345
6,819
135
10, 269
2,966
7,166
136
6,458
1,440
4,898
120
7,942
3,197
4, 565
180
Stocks end of month
Exports (Bur. of Census)
do
do
21, 399
101
23, 019
75
23, 862
92
20, 872
103
18, 727
96
19, 088
73
19, 877
79
21, 730
91
22, 542
91
23,151
98
25, 133
97
26, 933
108
Inner tubes:
Production
Shipments
Stocks, end of month
Exports (Bur. of Census)
do
do
do
do
3,806
4,800
7,536
123
4 094
4, 316
7,364
69
4,459
4,435
7,629
75
3 380
3,928
7,219
77
2,752
3, 275
6,849
80
3,683
3,872
7,000
63
4,345
3,948
7,560
54
3 716
3,583
7,848
67
4,065
3,693
8,334
77
4 392
3 915
9,088
73
3 756
3,097
9,918
71
3 612
3,135
10, 536
83
Shipments, total
Original equipment
Replacement equipment- .
Export
thousands
r
3
Revised.
» Preliminary.
1 December data exclude estimates for tissue and miscellaneous papers.
2 Data for months noted cover 5 weeks; other months, 4 weeks.
Beginning
January 1960, data are based on a new definition of a book and are not entirely comparable with those for earlier periods.
9 Data exclude estimates for "tissue paper."
cf As reported by
publishers
Digitized
for accounting
FRASER for about 75.5 percent of total newsprint consumption in 1958.
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
JIarch I960
1959
January
February
March
April
May
June
1960
July
DecemAugust SeptemOctober November
ber
ber
January
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Production, finished cement _.
Percent of capacity
Shipments, finished cement _
Stocks, end of month:
Finished
Clinker
.thous. of bbl
18, 604
55
thous. of bbl
14, 544
16, 710
54
14, 943
24, 329
72
23, 250
29, 093
88
30, 423
33, 428
96
33, 278
33, 455
100
36, 361
34, 180
99
37, 370
34, 800
100
37,111
32, 590
97
35, 351
31, 127
89
32, 523
26, 100
77
22, 219
24, 111
69
20, 577
18, 669
53
12, 909
34, 838
20, 364
36, 680
25, 183
37,711
27, 662
36, 378
27, 544
36, 527
26, 037
33, 605
23, 109
30, 415
19, 981
28, 102
16, 078
25, 308
13 516
23, 913
11 681
27, 794
13 169
31, 328
16 470
37, 088
21 868
365. 1
38.3
101.4
388.6
34.6
99.8
597. 7
40.1
153.4
685. 2
49.8
185.7
629.1
48.0
182.0
737.4
49.6
194.9
723.9
50.8
195.9
686.7
48.6
199.1
689.6
45.6
194 3
654.2
44.5
185.9
541.7
35.6
146 2
461.6
33.9
131.3
32.6
28.6
30.8
36.2
37.6
38.4
40.3
36.7
35.5
38.2
31.5
30.7
17.6
18.0
19.8
21.7
21.5
22.2
22.3
22.0
22 4
23.9
20 6
20 5
137.9
137.9
138.2
138. 5
139.1
139.1
139.6
139.2
139.4
139.4
139.4
139.9
-
-
do._.
do
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil. of standard brick..
Structural tile, except facing
thous. of short tons
Sewer pipe and fittings, vitrified
_ _ . do
Facing tile (hollow), glazed and unglazed
mil. brick equivalent. _
Floor and wall tile and accessories, glazed and unglazed
mil. of sq. ft
Price index, brick (common), f.o.b. plant or N.Y. dock
1947-49= ioo__
140.2
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments (qtrly. total)
Sheet (window) glass shipments
Plate and other flat ^lass shipments
Glass containers:
Production
_.-.
thous. of dol
do
do
_
Stocks end of month
68, 370
35 864
32 506
68, 706
34,911
33 795
11, 504
11,416
11,518
13, 226
13, 354
13,713
13, 757
14, 944
11, 832
13, 450
12, 188
11. 257
12, 669
11,036
10, 347
11,929
12,384
13,242
13, 585
13, 109
19, 712
12 289
11,876
9,254
10.329
10 900
1,124
1,065
1,208
1, 240
1,305
1,316
1,466
2, 850
1
1,037
853
910
1 108
3,297
3, 101
3, 375
3,271
3, f 69
3,850
3,753
5, 922
3,909
3.520
2,700
3.078
3,304
do
do
do
do
do
do
573
693
1,137
2, 952
1,107
153
549
643
1,097
2,724
1,025
143
961
872
1,247
3,000
1.130
136
1,119
1,328
1,222
2,882
1, 178
144
1,378
1,670
1,240
2, 839
1, 101
140
1 , 558
1,432
1,297
2. 837
1, 148
147
1,272
1,381
1, 291
2,673
1,114
159
1,054
1,662
2, 244
4,184
1, 519
277
598
1,015
1.289
2.502
1.107
203
626
838
1.402
3, 170
1,111
172
625
609
887
2,681
760
139
983
808
936
2,550
883
181
632
838
do
18, 771
18, 938
19,341
19, 943
19, 832
19, 774
20, 195
15, 120
14,403
15, 726
18, 324
18, 953
thous. of gross
Shipments domestic, total
do
General -use food:
Narrow -neck food
do
Wide-mouth food (incl. packers' tumblers, jelly
glasses, and fruit jars)
_ _ thous. of gross Beverage
___
_
Beer bottles
Liquor and wine
.
Medicinal and toilet
Chemical, household and industrial
Dairy products
r
r
' 78, 205
r 35, 289
42, 916
57, 269
28, 438
28 831
. 659
9f>5
2 848
1, 064
141
19, 123
GYPSUM AND PRODUCTS
Crude gypsum, quarterly total:
Imports
Production
841
2,327
1,780
2,834
1,890
3,042
1. 624
2, 634
2 033
2. 459
2 611
2, 166
774
70
1.061
75
1 026
83
1, 035
82
310
257
375
333
400
'379
317
310
496 6
1,342
1
r
51 9
637 7
'-I 603
8
r
77 3
682 7
l r691 0
75 4
529 2
1,442. 5
58 7
thous of short tons
do
Calcined production quarterly total
do
Gypsum products sold or used, quarterly total:
Uncalcined uses
thous of short tons
Industrial uses
do
Building uses:
Plasters:
Base-coat
do
All other (incl Keene's cement)
do
Lath
\Vallboard
All other §
mil of sq ft
do
do
r
T
TEXTILE PRODUCTS
APPAREL
thous of dozen pairs
13, 593
12, 684
12, 891
12, 228
10, 926
13,417
12, 418
14, 242
14, 448
14,014
12, 840
12, 066
11, 567
thous of units
do
1,612
200
1,608
248
i 1,940
1345
1,768
488
1,700
524
i 1.895
i 645
1,020
452
1,800
608
i 2, 035
1630
1,772
492
1,804
336
i 1,955
1300
1,828
224
884
r 6, 064
912
6,456
1
1870
8, 000
912
7,992
980
8,324
i 1, 090
i 7, 510
640
6,656
948
8,000
1985
i 9, 025
904
8,876
904
7,780
i 1,125
i 7, 850
888
8,024
1,752
1,740
i 1, 860
1,812
1,768
i 1, 795
1,520
1,804
i 2, 045
2,004
1,980
i 2, 010
1,980
224
360
284
336
1325
1350
356
376
304
340
1310
i 345
264
304
312
344
i 355
1360
348
324
276
292
1295
1355
268
328
2,307
20, 698
1,610
2,273
21, 383
1,505
2,099
26, 343
1,042
1,117
28, 481
553
1,143
25, 470
483
1,966
21, 159
779
2, 346
18, 040
982
2,223
19, 253
818
2,223
18, 760
571
2,365
19, 720
589
2,403
19, 467
662
1,507
18, 405
786
1,892
19, 185
1,280
1,260
1,280
1,307
1,412
1,396
1,340
\Vaists blouses and shirts
thous of doz
723
890
755
761
914
730
Skirts.'.
1
do
r
l
Revised.
Data cover a 5-week period.
§ Comprises sheathing, formboard, and laminated board.
1 Data for March, June, September, and December 1959 cover 5-week periods and for other months, 4 weeks.
ARevisions for January 1957-July 1958 are available upon request.
1,236
912
1,253
873
1,244
804
1,318
704
1,141
674
998
536
1,227
880
Hosiery shipments
Men's apparel, cuttings:! A
Tailored garments:
Suits
Overcoats and topcoats
Coats (separate) dress and sport
Trousers (separate) dress and sport
Shirts (woven fabrics) , dress and sport
Work clothing:
Dungarees and waistband overalls
Shirts
do
do
thous. of doz._
do
do -
Women's, misses', juniors' outerwear, cuttings:A
Coats
- thous. of units- Dresses
do
Suits
do
February
SUKVEY OF CURRENT BUSINESS
March 1960
S-39
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
January
February
March
May
April
June
1960
July
DecemAugust SeptemOctober November
ber
ber
January
February
TEXTILE PRODUCTS—Continued
COTTON
Cotton (exclusive of linters) :
Production:
Ginnings§
thous. of running bales
Crop estimate, equivalent 500-lb. bales
thous of bales
Consumption^
_ _
do
Stocks in the United States, end of month,
total|
_
__ _
do
Domestic cotton, total
do
On farms and in transit
do
Public storage and compresses
do
Consuming establishments
do
Foreign cotton, total
do
2 11, 340
3 11, 435
690
3 11,512
5864
r
r
14, 520
14, 443
667
697
r
r
13, 615
13 545
494
r
r
151
1,046
4 448
9,718
13 403
650
712
«863
732
725
8, 882
8 843
220
rr 7, 553
1 070
39
22, 587
22 482
14, 112
7,568
802
105
21, 615
21 517
11,111
9,706
700
98
20, 707
20 621
7,263
12, 423
935
86
1
14, 076 2 14, 356
4
718
T
T
703
r
r
«823
r
r
r
r
800
14, 701
735
19, 280
19 201
3,781
14, 195
1 225
79
17, 636
17 568
2,373
13, 656
1,539
68
16, 105
16 042
1,984
12, 301
1 757
63
652
6
77
1, r560
70
12, 537
12 475
544
10, 338
1 r593
62
r 49
9, 674
9 627
391
r
7, 962
r
1 274
r 47
222
1
28.2
211
2
-•28.3
284
3
30.1
245
3
31.3
249
4
31.8
236
2
31.5
129
1
34.1
98
98
33.3
230
24
33.1
32.5
30.8
728
2
30.0
29.3
28.0
34.3
34.3
34.4
34.6
34.6
34.5
33.6
32.0
31.8
31.7
31.6
31.8
31.9
32.0
101
162
864
102
131
862
« 121
128
846
103
96
797
102
52
729
« 114
38
627
93
29
544
109
46
465
* 140
154
442
115
240
497
108
225
558
5 131
206
585
115
199
609
thous. _ r 19, 282
do
17, 636
19, 272
17, 642
19, 265
17, 637
19, 555
17, 945
19, 238
17, 591
19, 266
17, 598
19, 166
17, 501
19, 258
17, 613
19, 292
17. 652
19, 273
17, 648
19, 308
17, 696
19, 326
17, 709
19, 365
17 678
11, 930
477
10, 946
9,970
499
9,118
9,880 5 11,039
442
494
9,051 5 10, 157
9 995
500
9 144
p 692
P 948
' 12, 239 r r11,491
r
1, 537
r
Exports!
do
Imports
do
Prices (farm), American upland
cents per lb__
Prices, wholesale, middling I", average 14 markets
cents per lb__
Cotton linters:
Consumption^
__
thous of bales
Production _
__
do
Stocks, end of month
do
r
11, 599
11, 544
481
"•9,511
r
1, r552
55
10, 678
10 629
434
f
8, 741
r
1, 454
392
9
(6)
COTTON MANUFACTURES
Spindle activity (cotton system spindles) :!
Active spindles, last working day, total
Consuming 100 percent cotton
Spindle hours operated, all fibers, total., millions
Average per working day
..do. .
Consuming 100 percent cotton __
do
Cotton yarn, natural stock, on cones or tubes:
Prices, wholesale, f.o.b. mill:
20/2, carded, weaving
dol. per lb._
36/2, combed, knitting
do
r 9, 409
>-471
8,552
Cotton cloth:
Cotton broadwoven goods over 12 inches in width,
production, quarterly!.
mil. of linear yd
Exports.
thous. of sq. yd
ImportsJ
do
Prices, wholesale:
Mill margins
cents per Ib
Denim, white back, 28-inch, 8 oz/yd. .cents per vd
Print cloth, 39-inch, 68 x 72-..
_
do
Sheeting, class B, 40-inch, 48 x 44-48
do
9,542 • 11, 706
477
468
8,743 « 10, 743
9,567
478
8,776
9,592 « 11,382
480
455
8,781 5 10, 392
8,817
441
8,020
9,715
486
8,817
5
5
.661
.931
.666
.943
.676
.946
.672
.946
.672
.946
.672
.934
.676
.936
.676
.936
.681
.938
.685
.946
.685
.948
.685
.948
42, 490
9,102
34, 096
14,012
2,382
41, 704
13, 674
37, 986
12, 320
39, 908
16, 370
2,390
42, 902
16, 600
33, 052
18 307
38, 203
17, 244
2,363
37, 081
20 349
44, 789
27 671
37, 396
33 791
44, 728
41 325
25.01
36.4
16.5
16.5
25.97
36.4
16.5
17.0
26.91
36.4
16.5
17.3
27.18
36.4
16.4
17.3
27. 67
36.4
16.1
17.3
28.20
36.4
16.5
17.3
28.75
36.4
16 5
17.3
30.36
36.4
16 5
17.3
31 41
36.4
16 5
17.3
32.61
36.4
17 0
17.3
33 04
36.4
18 0
17.5
33.20
'"37.4
r
18 3
17.5
33 67
P37.4
p 18 9
p 17 5
34 ]g
MANMADE FIBERS AND MANUFACTURES
Fiber production, quarterly total 9 1 -..-._ mil. of Ib
Filament yarn (rayon and acetate)
do
Staple, incl. tow (rayon)
do
Noncellulosic (nylon, acrylic, protein, etc.)
do
457.9
175.0
96.1
153.9
487.5
190 4
93.8
166.0
481.3
191 0
89.5
166.8
464 0
181 3
79 7
159. 8
Exports: Yarns and monofilaments
Staple, tow, and tops
Imports: Yams and monofilaments %
Staple, tow, and tops!..
thous. of lb_.
do
do
...do
3,574
1,935
482
7,818
2,572
2,770
285
9,289
4,260
2,038
182
10, 551
3,255
2. 263
443
13,517
4,200
2,513
459
9,030
2, 666
2,655
739
12, 173
3,809
2,863
409
9,696
4,853
2,539
522
8,700
4,463
3, 902
550
12, 191
4.890
2,059
338
7,412
5, 538
2,869
208
8,627
6, 661
5, 383
571
9,700
Stocks, producers', end of month:
Filament yarn (rayon and acetate)
Staple, incl. tow (rayon)
mil. of lb_.
do
50.4
47.7
48.1
50.9
45.3
49.3
43.8
49.5
43.9
45.4
43.9
42.9
46.2
45.1
44.5
51.8
47.7
54.7
48.4
55.9
50.1
56.1
56. 3
55.0
Prices, rayon (viscose):
Yarn, filament, 150 denier
Staple, 1.5 denier
dol. per lb__
do
.76
.31
.76
.31
.78
.31
.78
.32
.79
.32
.79
33
.82
33
.82
.33
.82
33
.82
.33
.82
33
.82
33
Manmade-fiber broadwoven fabrics:
Production, quarterly total 9 !_ _thous. of linear vd
Rayon and acetate (excl. tire fabric)
do _ _
Nylon and chiefly nylon mixtures
do
Exports, piece goods
618, 820
414, 501
79, 329
618, 316
407, 961
84, 429
602, 204
385, 947
83, 155
.thous. of sq. yd..
12, 794
10, 941
13, 677
13, 924
14, 210
14, 135
11, 665
13, 775
16, 023
15, 764
14, 263
14, 835
thous. of Ib..
dol. per lb_.
thous. of linear yd..
569
3.61
574
3.88
502
4.03
5,846
248
4.11
954
4.11
627
4.13
6,449
317
4.09
736
4.12
1,097
4.09
7,056
663
4.14
937
4.32
814
4.51
Wool consumption, mill (clean basis) \\%
Apparel class
thous. of lb__
Carpet class
do
19, 809
14, 458
20, 265 « 25, 415
14, 583 « 16, 135
23, 069
13, 941
22, 699 5 27, 020
12, 928 * 14, 148
20, 892
9,776
21, 682 55 25, 547
13,612
15 558
20, 688
12 298
18, 515
11, 187
25, 317
11, 230
31,218
11,028
29, 316
11,270
20, 569
7,191
18, 837
7,367
23, 295
9,046
14, 730
6,573
SILK
Imports, raw
Price, raw, AA, 20-22 denier
Production, fabric, qtrly. total!
p. 82
P 33
P4.56
WOOL
Wool imports, clean content!.
Apparel class (dutiable), clean content!
do
do
31,076
'11,873
35, 173
13, 167
26, 079
7,801
25, 212
7,742
521,011 P 20, 552
15 773 P 16 456
5
20, 565
10, 466
' Revised.
p Preliminary.
1 Ginnings to December 13. 2 Ginnings to January 15. 3 Total ginnings of 1958 crop.
* December 1 estimate of 1959 crop.
« Data cover a 5-week
period.
« Less than 500 bales.
§ Total ginnings to end of month indicated, except as noted.
!Data for March, June, September, and December 1959 cover 5-week periods and for other months, 4 weeks; cotton stocks and number of active spindles are for end of period covered
9 Includes data not shown separately.
! Scattered revisions for January 1957-July 1958 are available upon request.
SURVEY OF CURRENT BUSINESS
S-40
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
March 1960
1959
January
February
March
May
April
June
1960
DecemAugust SeptemOctober November
ber
ber
July
January
February
TEXTILE PRODUCTS—Continued
WOOL AND MANUFACTURES
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
Graded territory,
fine
dol. per lb__
Gradedfleece,3/8 blood
. .__
do
Australian, 64s, 70s, good topmaking, inbond.._do
Knitting yarn, worsted, 2/20s-50s/56s, Bradford system,
wholesale price .
1947-49 =100_.
Woolen and worsted woven goods, except woven felts:
Production, quarterly total
thous. of lin. yd_
Ypparel fabrics, total
do
Other than Government orders, total
do
Mien's and boys'
do
Women's and children's
do
Prices, wholesale, suiting, f.o.b. mill:
Flannel men's and bov's
1947-49=100
Gabardine women's and children's
do. _-
1.088
.908
1.025
1. 075
.870
.975
1.075
.860
.975
1.165
.962
1.035
1.225
1.025
1.075
1.225
1.025
1.075
1.285
1.085
1.115
1.325
1.115
1.125
1. 305
1.098
1.135
1.275
1.072
1.125
1.275
1 112
1.125
1.275
1.125
1.162
1.275
1.125
1.175
90.5
89.3
90.5
94.8
99.8
102.2
102.2
106.0
107.2
104.7
102.2
103.5
104.7
108 1
92.4
108 1
92.4
108.1
92.4
108 1
92 4
72, 466
70, 377
69, 413
33, 159
36, 254
104.5
89.1
105.6
90.8
103.7
90.8
83, 586
81, 542
81, 224
35, 929
45, 295
103.7
90.8
105. 4
90.8
1 05. 4
90.8
1.230
1 080
1.175
79, 096
77 205
77, 008
32 101
44, 907
105.4
92.4
105. 4
92.4
108 1
92.4
TRANSPORTATION EQUIPMENT
AIRCRAFT
Manufacturers of complete types:
Aircraft, engines, propellers, parts, etc.:
Orders, new (net), quarterly total
mil. of doL
Sales (net) quarterly total
do
Backlog of orders, total, end of quarter
do
For U.S. military customers .
do. Civilian aircraft:
49, 590
Shipments
thous of dol
Airframe weight _ _ _
thous. of lb_ _ 1,452.8
Exports (commercial and civilian)
thous. of dol_. 12, 991
2,092
2,558
12, 705
6, 575
3,006
2,824
12, 888
6,360
r
3,110
3 028
12, 140
5,476
2 014
2 845
12
058
r
5, 842
49, 805
1, 440. 0
4,213
34,014
1,185.7
4, 168
68, 142
1,849.5
8, 576
81,212
2,091.8
2,778
65, 098
1,804.7
5, 162
88 444
2. 160. 0
20, 467
95 280
2, 286. 9
14, 414
75 950
1,772.1
13, 897
103, 646
2, 434. 5
15, 541
76, 911
2, 048. 9
15, 234
111 545
2, 605. 1
32, 651
MOTOR VEHICLES
Factory sales, total
Coaches, total. ._ __
Domestic
Passenger cars, total
Domestic
Trucks, total
Domestic
_.
Exports, total
Passenger cars (new and used)
Trucks and buses
Imports (cars, trucks, buses), total cf
Passenger cars (new and used)cf
Production, truck trailers: A
Complete trailers, total
_
Vans
Trailer chassis produced for sale separately
Registrations: O
New passenger cars
New commercial cars
-
number
do. _
do
do
do
-do
do
635, 664
169
112
539, 451
527, 588
96, 044
81, 599
577. 093
143
141
476, 977
466, 564
99, 973
83, 775
686, 612
245
200
575, 012
563, 849
111,355
93, 060
702, 952
253
251
585, 789
575, 268
116,910
98, 906
660, 278
282
235
545, 001
535, 195
114, 995
95, 561
674, 689
267
242
554, 878
545, 660
119,544
100, 462
663, 444
233
209
548, 524
541,458
114, 687
92, 186
316, 060
82
58
255, 831
252, 556
60, 147
47, 959
309 117
134
134
229, 410
220 621
79, 573
64 568
632, 420
268
268
537, 159
523, 500
94, 993
81, 652
321, 977
180
170
267, 829
259, 633
53, 968
37, 999
548, 338
287
188
475, 382
462, 831
72, 669
62, 330
do
do
do
do
do
24, 248
11,520
12, 728
55, 728
54 075
21, 319
10, 700
10, 619
50, 916
49, 167
31, 452
10, 758
20, 694
58, 207
56 474
26, 586
11,971
14,615
60, 567
57, 898
26,211
10, 746
15,465
69, 019
66 765
27, 078
8,497
1 8, 581
64, 832
62 860
22, 154
7, 467
14,687
68, 647
66 516
16, 929
5,160
11, 769
50, 181
49, 120
16 860
6,359
10 501
55, 221
53 331
21, 859
10, 957
10, 902
54, 045
52 479
25, 975
10, 500
15, 475
54, 861
53, 641
18, 005
8,190
9,815
74, 453
71, 838
do
do
do
4,883
2,908
330
4,827
2, 684
435
5,503
2, 916
558
6,218
3,271
417
6,141
3,227
280
6, 617
3,863
289
5,826
3.439
243
5,539
3,354
214
5,995
3 772
298
5, 335
3,247
206
5,743
3,814
148
6,092
4,045
200
do
do
419,512
61, 776
423, 793
64, 688
496, 717
77, 593
573, 777
91, 805
582, 266
86, 566
584,816
86, 914
564, 985
88, 949
532, 279
88, 137
457, 285
78, 784
533, 682
78, 807
426, 929
73, 762
429, 500
61,985
1,972
1,014
982
958
4,423
1,485
1, 164
2 938
29, 822
8 800
8,448
21,022
2, 576
1,747
1,727
829
1,961
1,450
1,331
511
29, 240
8, 536
8,085
20, 704
2,882
1,851
1,840
1,031
10, 782
7, 367
7,367
3 415
35, 927
14 129
13, 689
21 798
3,741
2,334
2,334
1,407
3,785
3,248
3,198
537
35, 969
15,041
14, 551
20, 928
3,468
2,373
2,263
1,095
5,298
3.510
3,415
1,788
37, 249
16,128
15, 748
21, 121
4,227
3,204
2,935
1,023
8,369
7,253
7,253
1, 116
41, 084
20, 170
20, 059
20, 914
4,334
3,197
3 136
1,137
4 159
2,519
2,519
1 640
40, 359
19, 442
19, 392
20, 917
5,003
3,688
3, 668
1,315
1,653
1, 653
1,653
0
37. 202
17, 546
17, 516
19, 656
2, 615
1, 516
1 506
1,099
943
941
941
2
35, 646
16, 988
16, 968
18, 658
2,284
1,329
1,329
955
2,722
2,722
2,722
0
36. 219
18, 403
18, 383
17,816
2.218
1,226
1, 226
992
2,424
1,274
1,274
1,150
36, 575
18, 377
18, 357
18, 198
3,127
1,681
1,586
1,446
10, 759
5,769
5,570
4,990
44, 089
22, 547
22, 328
21, 542
2,869
1,633
1,613
1,236
7,149
3,934
3,934
3 215
48, 369
24. 848
24, 649
23. 521
0
0
36
36
0
0
72
72
4
4
15
15
187
2
187
14
14
2177
2177
228
228
149
149
8
8
282
282
1 724
8.9
1 722
9.2
1 694
8.3
1,688
8.0
1, 678
7.2
1,676
7.3
T
r
792, 351 i 788, 400
371
1330
338
676, 712 1 660, 100
661, 103
115, 268 1 127, 900
96, 178
RAILROAD EQUIPMENT
American Railway Car Institute:
Freight cars:
Shipments, total
_
number
Equipment manufacturers, total
do
Domestic
do
Railroad and private-line shops, domestic do
Xew orders total J
do
Equipment manufacturers, total
do
Domestic
do
Railroad and private-line shops domestic do
Unfilled orders end of month, total
do
Equipment manufacturers total
do
Domestic
do
Railroad and private-line shops domestic do
Passenger cars (equipment manufacturers) :
Shipments, total
_
do
Domestic
do
Unfilled orders end of month, total
do
Domestic
do
Association of American Railroads:
Freight cars (class !):§
Number owned or leased end of month
thous
Held for repairs, percent of total owned Locomotives (class I) :
Diesel-electric and electric:
Owned or leased end of mo No of power units
Serviceable end of month
do
Installed in service (new) quarterly total do
Unfilled orders end of month
do
Exports of locomotives, total (railroad-service and industrial types)
number
0
0
2132
132
2
1 717
8.8
2
132
2
2
132
2
2
157
2
2
157
2
2
153
2
153
6
6
2198
2198
1 707
8.3
1 703
8.1
1 702
7.9
1 701
8.1
1,702
8.4
1 695
8.5
0
0
132
3
3
132
33
42
157
0
0
157
28,615
27,211
298
413
28, 395
26, 822
204
589
59
0
0
26
19
13
2
28, 815
27, 439
134
314
28. 706
27,019
206
229
29
8
15
42
57
52
T
Revised.
? Preliminary.
1 Preliminary estimate of production.
- In addition to unfilled orders reported by equipment manufacturers, railroad company shops reported unfilled orders for 10 cars (March-November 1959); shipments of these cars were
made in December 1959.
cfData cover complete units, chassis, and bodies.
ARevisions for 1957 arc available upon request.
OData beginning January 1959 include new registrations in Alaska.
iScattered revisions back to 1955 are available upon request.
^Excludes railroad-owned private refrigerator cars.
U.S. G O V E R N M E N T P R I N T I N G O F F I C E : 1 9 6 0
INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40
SECTIONS
General:
Business indicators
Commodity prices
Construction and real estate
Domestic trade
__
_
-
1-5
6,7
7,8
9-11
Employment and population
11-15
Finance
--- 16-20
International transactions of the U.S
21, 22
Transportation and communications. _ ,,
23, 24
Industry:
Chemicals and allied products
«Electric power and gas
Food and kindred products; tobacco
Leather and products
24,25
25, 26
26-30
— 30,31
Lumber and manufactures
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and printing
,31
-- 32-34
35,36
36,37
Rubber and rubber products
Stone, clay, and glass products
Textile products
Transportation equipment
._
37
38
- 38-40
40
INDIVIDUAL SERIES
Advertising
9
Agricultural loans and foreign trade
16,21,22
Aircraft and parts
__ 3,12,13,14,40
Airline operations
-___
23
Alcohol, denatured and ethyl
,_
24
Alcoholic beverages
7,9,26
Aluminum
33
Apparel
2,3,6,7,9,10,12,13,14,15,38
Asphalt and tar products
35,36
Automobiles
__ 3,9,12,13,14,15,17,22,40
Bakery products
.-..._____.
12,13,14
Balance of payments
_.
.
21
Banking
14,16
Barley
-_-._.___
27
Barrels and drums
__
32
Battery shipments_ _ ,
34
Beef and veal
_
28
Beverages
... 3,4,7,9,12,13,14,15,26
Blast furnaces, steel works, etc
12,13,14
Blowers and fans
34
Bonds, outstanding, issued, prices, sales,
yields
_—
17,19,20
Book publication..
37
Brass and bronze
. __.
_
33
Brick
38
Brokers' loans and balances
.
16,19
Building and construction materials.8,9,10,36
Building costs
8
Business incorporations (new), failures
,___
5
Business sales and inventories
4
Butter
_--27
Cans (metal), closures, crowns._„
__
32
Carloadings
23
Cattle and calves
28
Cement and concrete products
7,8,38
Cereal and bakery products
6,12,13,14
Chain-store sales, firms with 4 or more and
11 or more stores__
10
Cheese
27
Chemicals
_.. 3,4,5,6,12,13,14,15,19,22,24
Cigarettes and cigars
_
7,30
Civilian employees, Federal
12
Clay products
_ _ . . 7,38
Coal
3,4,6,11,13,14.15,22,23,35
Cocoa
__22,28
Coffee
22,29
Coke__
23,35
Communications
12,13,14,15,19, 20, 24
Confectionery, sales
29
Construction :
Contract awards.__._.
__,
,__
8
Costs
8
Dwelling units..—
7,8
Employment, hours, earnings, wage rates
12,
13,14,15
Highways and roads
7,8,15
New construction, dollar value
1,7
Consumer credit
—
17
Consumer goods output, index
2,3
Consumer expenditures
1,9
Consumer price index____
6
Copper,
22,33
Corn__
27
Cost of living (see Consumer price index)
6
Cotton, raw and manufactures
6,7,22,39
Cottonseed, cake and meal, oil
30
Credit, short- and intermediate-term
17
Crops
.
2,6,27,30,39
Crude oil and natural gas
3,11,13,14,15,35
Currency in circulation
18
Dairy products
....
Debits, bank
Debt, U.S. Government
Department stores
Deposits, bank
Disputes, industrial
Distilled spirits
_
._
Dividend payments, rates, and yields.
Drug-store
sales
Dwelling units, new_
__
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
_ _ _ 2,6,26
16
17
10,11,17
16,18
,
15
_27
2,19, 20
10
7,8
Earnings, weekly and hourly
„ _ _ 14,15
Eating and drinking places,
10
Eggs and poultry
2,6,28
Electric power
3,6,26
Electrical machinery and equipment
3,
4,5,7,12,13,14,19,22,34
Employment estimates and indexes _.
_ _ _ _ 11,12
Employment Service activities..
15
Expenditures, U.S. Government.,
17
Explosives
25
Exports (see also individual commodities)
21, 22
Express operations
23
National income and product
1
National parks, visits
,
24
National security expenditures
1,17
Newsprint
22,37
New York Stock Exchange, selected data
19, 20
Nonferrous metals
7,19,22,33
Noninstallment credit.
...
17
Failures, industrial and commercial
5
Farm income, marketings, and prices
1,2,6
Farm wages
_, „
,_
-,
15
Fats and oils, greases
_.__
6, 29,30
Federal Government finance. „ _ _ _ _ _
17
Federal Reserve banks, condition of
16
Federal Reserve reporting member banks.
16
Fertilizers. . _ _ _ .
6,25
Fire losses
______
8
Fish oils and
fish
29
Flaxseed
....
30
Flooring, hardwood
______
31
Flour, wheat__
28
Food products
.
_
3,4,
5, 6,9,10,12,13,14,15,18,22,27,28,29,30
Foreclosures, real estate.
8
Foreign trade
.
. 21,22
Foundry equipment
34
Freight carloadings..
___ _,
23
Freight cars (equipment)
3,40
Fruits and vegetables
„ _ _ 6, 22, 27
Fuel oil
_ _ _ . 35,36
Fuels
.
.....
3,6,35,36
Furnaces
34
Furniture
_. 3,4,6,9,10,12,13,14,17
Furs..
._
22
Paint and paint materials
6,25
Panama Canal traffic
....
23
Paper and products and pulp, _
3,
4,5,7,12,13,14,15,18, 22,36,37
Parity ratio
6
Passports issued
24
Payrolls, indexes
13
Petroleum and products
3,
4, 5, 6,12,13,14,15,19, 22,35,36
Pig iron
32
Plant and equipment expenditures
2,19
Plastics and resin materials
25
Plywood, hardwood
31
Population
_
11
Pork
28
Postal savings
16
Poultry and eggs
2,6,28
Prices (see also individual commodities)
6
Printing and publishing..
. 3,12,13,14,15,37
Profits, corporate
1,18,19
Public utilities..___ 2,3,6, 7,12,13,14,15,19, 20, 26
Pullman Company
24
Pulp and pulpwood
36
Pumps
34
Purchasin g power of the doll ar
7
Gas, output, prices, sales, revenues
Gasoline
Glass and products
Generators and motors
Glycerin
Gold..
.
...
Grains and products
Grocery stores
.
Gross national product.
Gross private domestic investment
Gypsum and products . _ _ _ _ , , _ _ . _
Radiators and cpnvectors
34
Radio and television
3,6,9,34
Railroads
2,12,15,19,20,23,40
Railways (local) and bus lines
„ 12,13,14,15, 23
Rayon and acetate...
39
Real estate....
8,16
Receipts, U.S. Government
17
Recreation
6
Refrigeration appliances, output
34
Rents (housing)-.
. 6,9
Retail trade
.
4,5,9,10,11,13,14,15,17
Rice
._
27
Roofing and siding, asphalt
36
Rubber and products.. 3,4,5,7,12,13,14,15,22,37
Rye_
_______
27
, _ _ 3,6, 26, 27
_ . _ „ _ 9,35,36
.
38
34
24
-. 18,21
6, 22, 23, 27, 28
10
,__
1
_
1
7,38
Hardware stores
_ 9,10
Heating apparatus
__.
„
7,34
Hides and skins
...... 7,30
Highways and roads.
,.
,___
7, 8,15
Hogs
-,__-.
28
Home Loan banks, loans outstanding
8
Home mortgages.
...
8
Hosiery
...
38
Hotels
.... 12,13,14,15,24
Hours of work per week_____
13
Housefurnishings
6,9,10
Household appliances and radios
3,6,9,10,34
Imports (see also individual commodities).
21,22
Income, personal
„
1
Income and employment tax receipts__,
17
Industrial production indexes:
By industry
.
2,3
By market grouping
____
...
2,3
Installment credit
.....
17
Installment sales, department stores.
11
Instruments and related products ...
3,12, 13,14
Insulating materials
34
Insurance, life
17,18
Interest and money rates
16
Inventories, manufacturers' and trade
4, 10,11
Iron and steel, crude and manufactures
3,
4,5,7,8,12,14,19,22, 32,33
Labor disputes, turnover.
15
Labor force
11
Lamb and mutton
28
Lard
28
Lead.
33
Leather and products____-_ 3,7,12,13,14,15,30,31
Linseed oil
30
Livestock
....
2, 6, 23, 28
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit)
„_ 8,16,17,19
Locomotives
40
Lubricants
35,36
Lumber and products
3,
4, 5, 7,8, 9,10,12,13,14,18,31
Machine tools
34
Machinery
3,4,5,7,12,13,14,19,22,34
Mail-order sales, catalog
10
Manmade fibers and manufactures
7,39
Manufacturers' sales, inventories, orders
4,5
Manufacturing employment, production workers, payrolls, hours, earnings
11,12,13,14,15
Manufacturing production indexes
2,3
Margarine
...
29
Meats and meat packing
2,6,12,13,14,28
Medical and personal care___
6
Metals
.... 3,4, 5, 7,11,12,13,14,15,19,32,33
Milk
.
27
Mining and minerals
2,3,11,12,13,14,15,19, 20
Monetary statistics
18
Money supply
,_ _ _
18
Mortgage lpans__
_ _ _ 8,16,18
Motor carriers
23
Motor vehicles..- 3,4,5,7,9,10,12,13,14,15,19,40
Motors
34
Oats
Oil burners
Oils and fats, greases
Orders, new and unfilled, manufacturers'
Ordnance
____
27
34
6,29,30
5
12,13,14
Saving, personal
.
1
Savings deposits
...
15
Securities issued
19
Services
1,9,12,13,14
Sheep and lambs.
28
Ship and boat building
12,13,14
Shoes and other footwear
._ 7,9,10,31
Silk, prices, imports, production
... 7,39
Silver
18
Soybeans and soybean oil
.
30
Spindle activity, cotton
39
Steel ingots and steel manufactures
3,32,33
Steel scrap
..
32
Stocks, department stores
11
Stock prices, earnings, sales, etc
20
Stone, clay, and glass products
3,
4,5,12,13,14,19,38
Stoves and ranges
34
Sugar
_
22,29
Sulfur.
_.
25
Sulfuric acid
.
24
Superphosphate
_
25
Tea imports
29
Telephone, telegraph, cable, and radio-telegraph carriers
12,13,14,15,20,24
Television and radio
3,6,9,34
Textiles and products
3,
4,5,7,12,13,14,15,18,22,38,39,40
Tin
__
22,33
Tires and inner tubes
7,9,10,37
Tobacco and manufactures.
3,
4, 5,6,7,8,12,13,14,15,22,30
Tractors...
22,34
Trade._
_ _ _ _ 5,9,10,11,12,13,14,15,17,20
Transit lines, local
23
Transportation and transportation equipment... 3,4,5,6,9,12,13,14,15,19,22,23,24,40
Travel
24
Truck trailers
40
Trucks__
_
34,40
Unemployment and compensation
11,15
U.S. Government bonds
16,17,19,20
U.S. Government
finance
17
Utilities
___ 2,3,6,7,12,13,14,15,19, 20,26
Vacuum cleaners
Variety stores
Vegetable oils
Vegetables and fruits
Vessels cleared in foreign trade
Veterans' benefits
34
10
29,30
6,22,27
23
15,17
Wages and salaries
1,2,13,14,15
Washers
_
34
Water heaters
34
Wheat and wheat
flour
27,28
Wholesale price indexes
„
6,7
Wholesale trade
4, 5,11,12,13,14,15
Wood pulp.__
...
36
Wool and wool manufactures
.
6,7,22,39,40
Zinc_
33
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