Full text of Survey of Current Business : March 1961
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MARCH 1961
survey of
CURRENT
BUSINESS
U.S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
SURVEY OF CURRENT BUSINESS
MARCH 1961
VOL. 41, NO. 3
U.S. Department of Commerce
Luther H. Hodges
Secretary
Office of Business Economics
M. Joseph Median
Director
*
*
if
Contents
BUSINESS REVIEW
Summary
*
Demand for Autos Reduced; Production Lowered
The Balance of International Payments in I960™
Export Surplus Up in Fourth Quarter,
But Adverse Net Balance Continues.
Imports Decline
Factors in Gold Outflow
Recent Improvement in U.S. Position
«...
PAGE
Loais J. Paradise
Managing Director
1
4
K. Celeste Stokes
Statistics Editor
Billy Jo Da\vkins
Graphics
*.........
5
7
3
10
SPECIAL ARTICLES
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11
12
13
15
15
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. . . . . . . . . . . . . . . . . . . . . . S1-S24
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. . . . . . . S24-S40
Subject Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inside Back Cover
Walther Lederer
Marie T. Bracisbaw
Articles:
Murray F. Foss
Marie P. Hertzberg
Lillian P. Barnes
George Cobreii
Joseph Rosen thai
Thomas R. Earlv
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•4'tkuqnerque, N. Mex., U.i
CH'apel 7-0311.
AsJanta 3, Ga., 604 Volunteer Bldg., 66 Luckie St,,N.W.
JAckson2-4121.
Boston 9, Mass., U.S. Post Office and Courthouse Bldg,
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Clement Winston
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L. Jay Atkinson
16
16
19
MONTHLY BUSINESS STATISTICS
Industry . .
Business Review and Features:
U.S. Balance of Payments:
1961 Business Investment and Sales Expectations............
Manufacturing Investment
Nonmantifacturing I n v e s t m e n t . . . . . . . . . . . . . . . . . . . . . . .
Realization of 1960 Programs
Sales Anticipations
State and Local Government Activity—
The Postwar Experience Related to the National Economy..
Growth of Services and Capital O u t l a y s . . . . . . . . . . . . . . .
How Expenditures Are Financed . . . . . . . . . . . . . . . . . . . . . .
General
STAFF CONTRIBUTORS
TO THIS ISSUE
Denver 2, Colo., 142 New Custom House. KEystone
4-4151.
Detroit 26, Mich., 438 Federal Bldg. WOodward 3-9330,
Greensboro, N.C., 407 U.S. Post Office Bldg.
B Road way 3-8234.
Houston 2, Tex., 610 ScaDlaD Bldg., 405 Main Street.
C A pitol 2-7201.
Jacksonville !, Fla., 425 Federal Bldg. ELgin 4-7111.
Kansas City 6, Mo., Room 2011, 911 Walnut St. BAltimore 1-7000.
Los Angeles 13, Calif., Room 450, 1031 S. Broadway.
Richmond 9-4711.
Memphis 3, Tenn., 212 Falls Bldg. JAckson 6-3426.
Miami 32, Fla., 14 NE. First Avenue. FRanklin 7-2581.
Minneapolis 1, Minn., 319 Metropolitan Bldg. FEderal
2-3211,
New Orleans 12, La., 333 St. Charles Ave. 529-2411.
New York 1, N.Y., Empire State Bldg, LOngacre 3-3377.
Philadelphia 7, Pa., Jefferson B3dg. ; 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.
CApKal 6-3361.
Reno, Nev., 1479 Wells Ave. Phone 2-7133.
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 0. Bldg.
A Dams 2-4755.
Seattle 4, Wash.,809 Federal Office Bldg., 909 First Ave.
MUiual 2-3300.
By the
Office of Business Economics
uaiion
tloi
JL HE PACE of business activity has
slowed so far in 1961, with total output,
employment, and income receding from
the yearend position. The overall decline has been moderate, as slackened
private demand for broad categories of
goods—particularly consumer and producer durables and construction—was
in part offset by an increase in government purchases. To some extent recent performance reflected the adverse
effects of severe weather conditions in
many parts of the country, but this
BUSINESS INDICATORS
Consumer Income And Buying
So Far This Year Are L o w e r
Billion $
500
Personal Income
400
300
Retail Sales
J*.
200
Annual Rates
100
Nonfarm Employment and
P r o d u c t i o n Also D o w n
Million Persons
60
55
Nonfarm Employment.
\
50
Income flow slows
4 5 ii 1 1 1 H 1 1 1 1 1 li 1 1
1957=100
120
Industrial Production
\
100 |
SO1
-LLLLU
1957
was superimposed upon the basic downtrend. With the imminence of spring
and an early Easter, general merchandise trade has improved.
Variety in individual movements has
been discernible so far this year.
In addition to a recent improvement in
general merchandise sales, steel output,
and housing starts have risen moderately from the low point of the yearend,
consumer expenditures for services have
continued upward, government purchases of goods and services have tended
upward, and utility business continues
good. In contrast, employment is lower,
unemployment has increased, business
inventories are being liquidated, and
fixed investment is off. Automobile
production continued depressed, and
machinery sales mirror the easing in
plant investment.
Among the various indicators of
business activity, the three shown on
the accompanying chart for the past 3
years are rather basic in providing
guides to the course of the economy—
personal income, employment, and retail trade. Obviously, the parts of
these measures and other information
are utilized in analyzing the pattern
suggested by these indicators. Industrial production is also included in
the group to reflect a sensitive indicator
of basic output.
58
59
60
61
Monthly, Seasonally Adjusted
Data: BLS, FRB & OBE
6I-3-2
U. S. Department
of Commerce, Office of Business Economics
The flow of personal income—which
measures not only the moneys received
by persons from activities arising from
current production, but also other income from such sources as social
security, government interest payments, and dividends—is a significant
yardstick for gaging current buying
power and its distribution, broad turning points in the economy, and for
evaluating other more sensitive indicators covering particular segments of
the economy.
Personal income in February at an
annual rate of $406 billion, was down
somewhat from January, seasonally
adjusted. The income decline in February reflected primarily a drop in
payrolls—mainly in the commodityproducing industries—which only in
part was offset by a rise in social security payments, largely under the
old-age and survivors' insurance program.
Wage and salary payments were
down $1 billion at an annual rate in
February. One-half of the drop occurred in manufacturing, with most of
the decrease attributable to cutbacks
in employment in the transportation
equipment and the fabricated metals
industries. Construction payrolls fell
by nearly $% billion (annual rate) as
employment in the industry was reduced substantially, even after allowance for seasonal variations.
Nonwage components of personal
income, other than transfers, showed
little change from January to February.
The mildness of the current recession
to date is attested by the rather small
drop in income—1 percent so far from
the monthly high reached toward the
end of 1960—and, as depicted in the
accompanying chart, by the moderate
decline in consumer buying, but with
the notable exceptions of autos and
some other durable goods which are off
rather sharply as indicated in a following analysis.
Employment declines further
The principal factor in the February drop in income was the reduction in employment in nonagricultural
establishments, and particularly in
commodity production and transportation. Aside from the effects of unusual weather conditions, the February changes are broadly similar to
those of the preceding month.
SURVEY OF CURRENT BUSINESS
As compared with a year ago, total
seasonally adjusted nonagrioultural employment of 52 million is down about
1 million. In manufacturing alone the
drop has been a little over 1 million
and this has been accompanied by a
reduction of 2% percent in average
hours worked from a year ago. Appreciable employment reductions in
construction, mining, and transportation were about offset by increases in
employment in the State and local
government, finance and service industry groups.
Within manufacturing, employment
declines in the past 2 months have
been rather broad, but the larger
changes continued to be centered in
the durable goods industries. There
has been a significant change, however,
in that the recent declines in primary
metal industry have been quite limited,
with the steel operations relatively
steady at rates somewhat higher than
the low point reached late in 1960.
The larger recent declines in employment have been concentrated in the
metal-using industries, and especially
in transportation equipment.
The steadiness of hours worked per
week and hourly rates of pay confined
the compensation loss in February to
the employment change, plus some reduction in pay received from overtime
rates.
Social insurance cushions
loss
income
In the current business decline, as
in earlier cyclical downturns, the personal income flow has been bolstered
Table 1.—- Cumulative Changes in Personal
Income After Cyclical Output Peaks
(Billions of dollars, at annual rates)
195:3-54
Quarter
after peakin real
GXP *
Transfer
payments
1
+0.1
3
4
5
+ 1.3
+2.0
+2.4
1
+ 1.4
+2.6
+4.8
+5. 4
-5. 0
-4.5
+3.7
+.6
+2.0
+2. 6
+3.2
+2.3
-.8
._
1957-58
3
4
1960-61
_ -._ .
1
*3
All other
personal
income
+1.0
+.3
-2.6
-3.1
-1.4
-2. 9
* January-February 1961.
» Peak quarters: 1953, 2d quarter; 1957, 3d quarter; 1960,
2d quarter.
Source: U.S. Department of Commerce, Office of Business
Economics.
March 1<X>1
by a rising volume of so-called transfer $15K billion in February. Although
payments, which consist mainly of retirement benefits do not respond as
social insurance, veterans 7 benefits, and do unemployment compensation paypublic assistance payments. The con- ments to changing economic conditions,
traeyclical expansion in such income they too may act contracyclically to
has characterized other periods of some degree as there are presently over
reduced output, as shown in table 1, a million persons eligible for retirement
which compares the movement of this benefits who continue in gainful emportion of income with the total of all ployment. A stringent labor market
other personal income.
and lessened job opportunities enA substantial part of the transfer type courage some of these persons to leave
of income goes to persons temporarily the labor force by taking advantage
or permanently without other source of their retirement benefits.
of current income, and consequently
Special and general assistance are
tends to be spent as soon as received. other forms of transfers which tend to
This income flow thus provides a sus- expand during business downturns.
taining influence upon total demand The former payments are made to the
and output, though in the case of unem- blind, to dependent children, and to
ployment insurance and newly granted disabled persons under matching Fedpublic assistance, it only partially eral and State and local governmental
maintains the purchasing power of the financial arrangements. Legislative acrecipient.
tion is pending on a measure which
By far the largest increase in transfer encompasses aid to dependent children
payments since last spring—from a of the unemployed. Together with the
total at an annual rate of $28/2 billion general assistance programs of State
to the February flow of $31% billion — and local government relief to indigent
has come from insurance benefits as persons, aid of both types has increased
unemployment rose. These payments from $3/4 to $3/9 billion at an annual
respond with very little time lag to rate since the second quarter of 1960.
layoffs, and under the various State
In February, veterans' benefits
unemployment insurance laws persons amounted to about $4% billion at annual
temporarily out of work have received
average weekly benefits of approxi- Table 2.—Transfer Payment Portion of
Personal Income
mately $33. State unemployment beneQ U A R T E R L Y TOTALS AT SEASONALLY
fits together with those from Railroad
ADJUSTED A N N U A L R A T E S
Unemployment Insurance have in(Billions of dollars)
creased from slightly over $2^ billion
1960
1961
in the second quarter of 1960 to $4
billion, at annual rates, in Januaryi II in IV I*
February of this year (see table 2).
27.9 28.5 29.1 30.5
Total
31. 1.
The number of persons receiving
U
n
e
m
p
l
o
y
m
e
n
t
insurance
unemployment benefits totaled 3.6
benefits
2.6 2.6 3.1 4. 1
4.1
million in the week ending March 4. Civilian retirement benefits 13.8 14.4 14.6 14.7 15. 2
In addition, over half a million workers Special and general assistance-- 3.2 3.2 3. 2 3. 3 3.4
that have exhausted their unemploy- Veterans' benefits
4 . 4 4 . 4 4.5 4.6
4.7
ment insurance are still without jobs. Other
3.9 3.9 3.8 3.8
3.8
Pending Federal legislation to extend
* J anuary- February 1961.
the benefit period would make this
Source:
U.S. Department of Commerce, Office of Busilatter group eligible for additional pay- ness Economics.
ments for a limited time period.
Retirement benefits under the Social rates, also about $% billion higher than
Security, Railroad Retirement, and iu mid-1960. However, the plan to
civilian government retirement plans speed up dividend payment on veterans'
have a secular uptrend because of the insurance will raise temporarily the
steady expansion in the number of first quarter 1961 total for veterans'
beneficiaries, and so have also continued benefits. In the past, policy dividends
to increase. The rise in such payments have been paid shortly after the anniwas from $14K billion (annual rate) versary date of the policy, providing a
in the second quarter of last year to fairly regular flow of income through-
March liH
SURVEY OF CURRENT BUSINESS
3
Defense contracting up
Obligations by the Department of
Defense for procurement, research and
development and construction totaled
about $19 billion in the fiscal year I960.
Industrial output little changed
Retail sales movement
This rate, however, was below that
Industrial production showed little originally planned, and to make up the
Retail sales so far this year have in
general followed a pattern conforming change from January to February, the deficit a step-up in ordering occurred in
to the income flow, with important ex- Federal Reserve seasonally adjusted the July-December period of last year.
index
averaged
102
ceptions. These were the greatly re- production
It would appear that the latest
duced rate of automobile purchasing (1957 = 100) for the 2 months, 7 per- review of the programs of the Defense
and the deterrent effects in many areas cent below the peak rate of last summer. Department in the early months of 1961
of the severe weather. For the first 2 As indicated later, output of the auto resulted in lifting the schedules of oblimonths of 1961, retail sales, seasonally industry continued to decline and this gations for fiscal year 1961 to about
adjusted, were 3 percent below the was offset by increases elsewhere in $23% billion. These represented modiseasonally adjusted rate of the fourth production in the durable goods sectors. fications of existing programs and
quarter of last year. In view of the
Steel production advanced for the speeding up of the Polaris and airlift
fact that consumers continued to in- second straight month with the rate jet planes programs. Since during the
crease their purchases of services for the of output in March running slightly first half of the fiscal year (third and
first quarter as a whole, the combined above February. The recent improve- fourth quarters of calendar 1960) oblidrop in consumer buying was about 1 ment, however, has not been large and gations amounted to nearly $10% billion
percent, a figure which is comparable the current production rate is sub- there is an implied ordering of about
to the decline in income.
stantially below a year ago. Changes $13 billion in the second half of fiscal
Durable goods sales declined rather in output in other durable goods 1961 (first half of calendar 1961).
sharply, primarily because the pur- industries and for most of the non- Considerably less than half of this is
chases of domestically produced auto- durable goods group were minor.
expected to be placed by the end of the
mobiles were reduced to an annual rate
first
quarter of this year. Thus, if the
not far from 4% million cars, seasonally Inventory liquidation continues
total obligational program is to be met,
adjusted, in the 2 months of January
The inventory reductions have con- a sharp step-up is indicated in such
and February. This compares with an stituted a drag on industrial buying ordering in the second quarter, which
annual rate of sales with the corres- and production throughout the current is usually a strong period.
ponding period of last year of 6 million quarter. While declines have conPrior ordering and the rise in the
cars. Sales of other durable goods, such tinued, progress in adjustment is current rate of obligations will result
as furniture and electrical appliances, suggested by a shift in reductions from in some increase in the expenditures of
were also below the fourth quarter rate the purchased materials and goods-in- the Defense Department. The budget
in the initial 2 months of the year. In process stages to finished goods at of the previous administration called
fact, for this group, there has been a manufacturing and distribution chan- for expenditures of $41% billion by
persistent decline for a considerable nels. Thus durable goods stocks of Department of Defense for military
period, in part associated with reduced manufacturers declined $500 million functions in the fiscal year 1961.
employment and the downtrend in hous- in the 2 months ending in January Actually the annual rate in the first 8
ing sales.
at which point they were a bit above months of the fiscal year was $42 billion.
In nondurable goods stores, sales by a year ago; finished goods stocks were For the full fiscal year 1961, it is exapparel and merchandise groups have $1.3 billion higher and other stocks pected that total Department of Defense
been moving roughly in line with in- were $1.1 billion lower. At retail expenditures will be somewhat above
come but with considerable variations where the decline is now more pro- $42 billion and will most likely rise
primarily associated with the severe nounced, the principal change has been
above the $43 billion of expenditures
winter, as well as the decline in income the fact that the usual seasonal rise
for fiscal 1962 contemplated in Presiand employment. In the case of out- in stocks of automobile dealers has not
dent Eisenhower's January Budget.
lets which sell goods primarily asso- occurred.
These increases reflect programs in the
ciated with the needs of the family—
Orders received by manufacturers
works as of the first quarter of 196land
food stores, eating and drinking places, continued to decline in January, aldo not take into account further changes
drug stores, and gasoline service sta- though aside from the automobile
which may be indicated by additional
tions—sales have shown considerably industry, orders received by the durable
administrative or Congressional actions.
more strength and in the first 2 months goods firms were being maintained. In
of this year were 2 percent above the February new orders rose due to the Stock prices up; bond prices little
changed
similar period a year ago.
increased letting of contracts by the
Thus, while the retail trade picture Department of Defense which is exStock prices have advanced substanas a whole continues to be on a high pected to afford a further stimulating tially since the beginning of the year,
plateau,
nevertheless, the pattern in influence in the months ahead.
with a recent tendency of ,a heavier
out the year. This year it is anticipated
that all 1961 dividends—which amount
to about $250 million—will be disbursed in the early months of the year.
total is varied and influenced measurably by the consumer attitudes toward
items which are in the postponable
category.
SURVEY OF CURRENT BUSINESS
trading volume accompanied by some
edging off in prices in early March. The
earnings-price ratios and dividend-price
ratios for common stock both declined
close to earlier lows of 2 years ago.
Profits statements becoming available
point up the squeeze which comes from
lower corporate sales and difficulties of
controlling costs.
A limited shift has occurred in the
past several weeks in money market
rates and in bond yields. During February some narrowing of the spread
between short-term and long-term rates
occurred, reflecting chiefly a rise in
short-term rates. Yields on 3-month
Treasury bills moved up to around 2.6
percent at the end of February as compared with 2.3 percent at the beginning
of the year but they again declined in
the first 2 weeks of March.
Long-term government bond yields
MARKET FOR NEW CARS
New Car Buying Has Declined
In Early 1961
have fluctuated within a rather narrow7
range for several months, rising a bit
late in 1960 and easing fractionally in
early 1961. Corporate yields have also
been relatively stable.
To reduce the outflow of U.S. money
into foreign short-term assets, and thus
to reduce the outflow7 of gold and the
accumulation of dollars by foreign
holders, current policy is designed to
raise interest rates on short-term Government bills which are one of the major
forms of investment for working capital
of American business that is not required for current operations. This
policy together with measures taken
abroad to discourage the inflow of
American funds apparently was successful, and the gold outflow during
February was considerably reduced and
for some weeks stopped altogether.
The basic balance of payments position is discussed in detail in the regular
quarterly analysis in a subsequent
section. The changes in the money
market during recent months clearly
indicate the rising importance of the
interrelation between domestic and
international monetary developments.
Demand for autos reduced; production lowered
Seasonally Adjusted
At Annual Rates
G r o w t h in D o m e s t i c C o m p a c t s
R a i s e s S h a r e to One-Third
Percent
40
COMPACTS as a Percent of
Domestic Production
30
20
10
I m p o r t s Have Declined Sharply
20
IMPORTS as a Percent of
Domestic Production
10
1959
0 Jan.- Feb. average
1960
1961
Doto: AMA a OBE
U. 5. Department of Commerce, Office of Business Economics
61-3-3
New passenger car business has
fallen sharply so far this year, and
February sales were at a seasonally
adjusted annual rate of well below 5
million domestic new cars, compared
with 1960 sales of over 6 million. The
slack in demand brought about a substantial downward adjustment in auto
manufacturers 7 production schedules in
the opening quarter of this year, with
a corresponding cut in employment.
The reduction has been reflected in
the slowing of consumer borrowing on
autos which has shifted-—from a peak
monthly increase of about $250 million,
seasonally adjusted, last spring—to a
negative figure (net credit repayments)
for the first time since 1958. Automotive credit outstanding at the end of
January amounted to $17.6 billion,
about a billion dollars above the total
for January of 1960.
Production of new7 cars in January
was 415,000 cars compared with 520,000
units in December, and the February
count was reduced to 365,000 units, or
March
1901
a total of 780,000 for the first 2 months
of 1961—the lowest volume, except for
model changeover periods, since 1952.
The industry turned out over 1.3
million units in the post-strike upsurge
of January and February 1960.
Production schedules for March call
for a somewhat higher volume than in
February, though actual output will be
determined by sales developments, as
it has so far this year. The sales trend
in the spring months as weather conditions improve will make much clearer
the probable volume which may be
expected for the full 1961 model year.
Inventory rise halted
Inventories held by dealers after
rising to over a million have been held
steady with production geared to sales.
Retail stocks of new cars are normally
built up in the opening months of the
year in preparation for the seasonally
high spring selling season, so that
maintenance of stocks means a decline
on a seasonally adjusted basis which
will be reflected in a sizable inventory
reduction in the GNP account in the
current quarter.
While the direct contribution of automotive output (including trucks and
parts and accessories) to total GNP
generally amounts to about 4 or 5
percent, its effect upon the change in
GNP from quarter to quarter is more
pronounced due to substantial shifts
in demand and production. In the
Table
3.-— The
Auto Market:
Patterns
1959—
Jan.Feb.
Shifting
1960—
Jan.Feb.
1961—
Jan.Feb.
(Monthly average)
Franchised dealers
New car sales (thousands)
Used car sales (thousands)
417
651
469
666
365
619
Xew car stocks l' (thousands) _
Used car stocks (thousands) _
750
725
953
817
1,021
783
New cars imported 2 (thousands) . _
52
48
22
Consumer price index 2
New cars (1947-49=100)
Used cars (January 1953=100).
141
89
141
93
»
81
1,250
1,230
1,269
1,299
1, 130
1.385
48
464
153
521
125
266
Automobile credit 2
Extended ($ million)
Repaid ($ million)
Domestic production
Compacts (thousands)
Other (thousands)
_. .
1. End of February of each year.
2. January's only.
Source: Automobile Manufacturers Association; Wards;
Board of Governors of the Federal Reserve System; Bureau
of the Census; and Bureau of Labor Statistics.
March
first half of 1960, for example, the rise
in total GNP from the low fourth
quarter of 1959 was $20 billion (seasonally adjusted annual rate); the rise in
automotive GNP as the econonry
moved out of the strike-affected fourth
quarter was about one-fourth of the
overall change. In the final 6 months
of 1960, the decline in the value of output in the automotive segment was
greater than the overall decrease in
GNP.
Increases in final demand for other
products by government, consumers
and by foreign buyers—as pointed out in
earlier reviews—offset this loss in the
automobile segment, as well as that
occurring in fixed private domestic
business investment. Data so far
available for the first quarter of 1961
suggest a further substantial drop in
the contribution to GNP of the automotive industry.
Part of the decline in the value of
auto production over the past year is
due to the reduction in the average unit
price per car sold, with the growing
importance of the lower-priced compact
automobiles. This factor and the current market pressures, which have resulted in larger discounts on new
automobile prices, have brought the
new car average cost to buyers some
5 to 6 percent below a year ago.
The chart shows that compact cars
now account for about one-third of
domestic production, compared with a
share under a tenth in the first half of
1959.
During this same period, imports of foreign cars have fallen from
10 percent of domestic production to
less than 7 percent.
With smaller size and lower operating
costs being the motivating factors in
the spurt in demand for foreign cars,
their market position continues to be
importantly affected by the wide availability of domestically-produced compact automobiles. In the peak third
quarter of 1959, imports were at a
650,000 seasonally adjusted annual
rate; in the fourth quarter of 1960 the
annual rate of automobile imports had
fallen to 425,000. A further decline
was apparent in January of this year.
It is interesting to note that—as in
the case of domestic lines—imported
cars of various makes were affected in
SUEVEY OF CURRENT BUSINESS
a differential manner by the sales drop.
The major foreign car—in the lower
price class—continues in popular favor
and, in fact, experienced a large sales
increase in 1960. A few other lines,
in the more expensive class, maintained
their numerical position while the
remaining lines dropped off sharply.
The Balance of International Payments in 1960
Export Surplus Up in Fourth Quarter, but Adverse Net
Balance Continues
DETAILED data now available for
the fourth quarter of 1960 permit a
closer analysis of the balance of payments during that period and a better
evaluation of the underlying trends, as
distinguished from major nonrecurring
or temporary developments. The decline in the monetary gold holdings of
the United States and the increase in
liquid liabilities during the fourth
quarter was $1.2 billion, and after
seasonal adjustment exceeded $1.4 billion.
The rise in the adverse balance from
the $1.1 billion in the preceding quarter
was more than accounted for by special
capital transactions, including the $370
million payment b}^ a U.S. corporation
to purchase minority interests in one
of its European subsidiaries, and the $74
million subscription to the International Development Association. In
addition, the balance on unrecorded
transactions rose—after allowance for
normal seasonal changes—by about
$250 million—in part due to speculative
capital outflows, including private purchases of gold.
Aside from these special transactions
and the rise in unrecorded payments,
the balance was less adverse than in the
third quarter.
Favorable merchandise balance offset
by capital outflow
The surplus on goods and services—
after seasonal adjustment—was about
$400 million higher in the fourth
quarter than in the third, but a part of
the increase consisted of shipments of
agricultural products under Government aid programs and, therefore, did
not improve the balance of payments as
a whole. Merchandise exports which
actually contributed to our cash income
from abroad were somewhat lower than
in the third quarter, but this decline
was more than offset by an even larger
decline in merchandise imports, and a
modest decline in the net payments on
services and military transactions.
The rise in Government grants and
capital outflows was due mainly to the
above mentioned increase in exports of
agricultural products under PL 83-480
and other programs, and to the contribution to the International Development Association.
The outflow of private capital—
excluding the large direct-investment
transaction mentioned above—was less
than in the third quarter, after allowance for seasonal factors. The decline
was in direct investments.
Omitting the one large transaction „
total direct investments during the
second half of 1960 were about as high
as a year earlier, but they were about
twice as high in Europe while they
declined in other areas.
The recorded outflow of other U.S.
capital remained unusually large—even
after allowing for the fact that shortMERCHANDISE EXPORTS
MAINTAINED
Higher Fourth Q u a r t e r A g r i c u l t u r a l
Exports O f f s e t L o w e r Shipments of
Other P r o d u c t s
Billion $
25
Tota/
20
15
10
1956
1957 1958 1959 1960 1961
Quarterly
Seasonally Adjusted, At Annual Rates
Do to: Census
U. S. Department of Commerce, Office of Business Economics
61-3-4
SURVEY OF CURRENT BUSINESS
6
term claims include export credits
which may be expected to be high in
periods of high exports.
The balance on unrecorded transactions also suggests large outflows of
capital which even before the upsurge
in the last quarter of the year seem to
have been unusually high.
shipments of industrial materials and
capital equipment—major destinations
for such exports having been the booming economies of Western Europe and
Japan. The rise in overall U.S. exports
in this period was also aided by greatly
expanded deliveries of grain to India
and to a number of other countries.
Just as the strength in our exports
during 1960 has in part reflected the
rising tendency of business activity in
most overseas industrialized countries,
so the reduction in our imports was
influenced by the recent declining
tendency in domestic industrial activity.
Of nearly $2 billion decline in the annual
rate of total imports from the fourth
quarter of 1959 to the like period of 1960,
industrial materials (other than steel)—
which are most sensitive to cyclical
swings in the domestic economy—
accounted for about $1.1 billion. Steel
imports which were also influenced by
the strike in 1959 fell by nearly $%
billion. The remainder of the overall
import drop was due largely to the
Advance in Export
Surplus
The near-record merchandise export
surplus attained in the final quarter of
1960—amounting to more than $6
billion at a seasonally adjusted annual
rate—compares with a surplus at a rate
of scarcely more than $1 billion in the
corresponding period of 1959. Major
commodity and area components of the
sharp upswing in exports and drop in
imports which led to this rapid expansion in our positive trade balance are
presented in table 2.
The gain in exports during the fourth
quarter of 1960 over a year earlier by
nearlv one-fifth was concentrated in
Table 1.—Analysis of U.S.
Balance of Payments (Excluding Goods and Services Transferred
Under Military Grants)
(Millions of dollars)
Quarters seasonally adjusted
Calendar year
1959
1959
1960
1960
I
11
III
IV
I
II
III
IV
Recorded transactions other than
changes in monetary gold stock
and in liquid liabilities:
U S payments
Imports:
Merchandise
Military expenditures. .
Other services
Remittances and pensions. _
Government grants and
credits
U S. private capital. _ _
Direct investments
Other
29, 634
31,009
7,020
7,537
7,522
7,555
7,439
7,610
7,915
8,045
15, 315
3,090
5, 155
779
14. 717
3,034
5, 552
822
3, 592
791
1.238
186
3, 930
774
1. 262
189
3, 951
773
1,309
211
3,842
752
1, 346
193
3, 773
764
1.374
195
3.832
736
1, 425
213
3. 6S5
804
1, 401
200
3.427
730
1, 352
214
2,994
2.301
1.310
991
3.362
3, 522
1. 541
1,981
442
309
133
753
629
370
259
731
547
321
226
739
683
310
373
742
591
303
288
828
576
22S
348
755
1, 070
400
670
U S. receipts
Exports:
Merchandise
Services
Repayments on U.S. Government loans
__
Foreign long-term investments in the United
States
25, 025
28, 078
5, 983
6,026
6, 458
6, 558
6,821
7,117
7,048
7,092
16, 225
7,239
19,411
7. 735
3, 828
1, 786
3,940
1,749
4,330
1,823
4, 127
1,881
4, 587
1.879
4,892
1. 933
4,963
1,940
4,969
1,983
1. 013
605
297
147
147
422
170
140
155
140
548
327
72
190
158
128
185
152
-10
-1,511 -1,064
120
-277
-997
68
-618
555
-493
832
-867
1.013
1
Excess of receipts or payments ( — ) _ -4,609 -2, 931 -1,037
On goods and services
-96
3, 843
On unilateral transfers, on
movement of U.S. capital, and
of foreign long-term capital. __ -4. 513 -6, 774 -1,030
Unrecorded transactions:
Excess of receipts or payments
(-)
783
-905
Total (balanced by declines
in U.S. gold holdings and
increases in recorded
-3,826 -3,836
liquid liabilities) ..
-1.234 -1,184 -1,065 -1,173 -1,325 -1,880
351
144
-893
!
-63
- 1,160 -1,127
351
-646
x Less than $500,000.
3. Excludes $1,375 million of U.S. subscription to International Monetary Fund.
2. Includes U.S. subscription to International Development Association of $74 million.
3. Includes single direct investment transaction of $370 million.
Source: U.S. Department of Commerce, Office of Business Economics.
-22
-640
-159
-652
-239
March 1061
improved competitive position of the
domestic automobile industry, following;
the introduction of the compact ear
which accounted for the precipitous
decline in arrivals of foreign cars to less
than one-half of those in the fourth
quarter a year earlier.
Exports hold at $20 billion rate
Although the $20 billion seasonally
adjusted annual rate of overall
merchandise exports in the fourth
quarter of 1960 was just about the same
as during the previous 3 months, a
number of significant changes occurred
in the commodity composition of the
export total.
Exports of nonagricultural products
fell during the fourth quarter by about
$500 million at a seasonally adjusted
annual rate, this decline having been
offset by an almost identical increase
in shipments of agricultural commodities (see chart, p. 5). The rise in exports
of agricultural items approximately
equalled the increase in sales for foreign
currencies under PL 83-480 and shipments under other foreign aid programs
and thus did not contribute to an improvement in the balance of payments.
The fourth quarter upswing in agricultural exports was broadly based as
major advances were scored by grains
(particularly wheat), cotton, tobacco,
and oilseeds. The sharp rise in cotton
exports during the final months of 1960
lifted the August-December total to
nearly 2.5 million bales, about 300
thousand bales more than in the comparable period of the previous season.
2
1,037
3 1, 285
3610
675
(x)
-953
1,443
-2, 396
-485
-1,106 2-3-1,438
Downturn in industrial exports
Among the items which contributed
most prominently to the recent downturn in exports of nonagricultural products were aircraft and steel. Whereas
in the middle two quarters of 1960,
aircraft exports had hit a new high
annual rate in excess of $700 million,
such deliveries declined in the fourth
quarter to a rate of about $430 million.
Reflecting a continuous decline since
midyear, December 1960 steel exports
of $470 million (annual rate) were little
more than half as large as in June when
they had reached their post-strike high.
Much of the drop was in shipments to
Western Europe, the United Kingdom
alone having accounted for four-fifths
SURVEY OF CURRENT BUSINESS
.March llffil
of the total decline to that area from
the second to the fourth quarter.
Exports of some other industrial
materials have also displayed recent
weakness—a phenomenon which may
be associated with the slower progress
of the European and Japanese business
advances in recent months as well as
with the increasing ability of these nations to supply their requirements for
such items from their own expanding
productive facilities.
Machinery exports: a strong factor
The strong spot in the fourth quarter
export picture was the increased foreign
demand, especially on the part of
Western Europe, for some major types
of capital equipment. Outstanding
gains were recorded for exports of
machine tools and metalworking equipment, office machinery, textile machinery, and special-purpose industrial machinery.
The relative increase in U.S. exports
from 1959 to 1960 was larger than the
corresponding rise in exports from other
countries. This development was typical of the relationships over the past
Tahle 2.—The U.S. Export Rise in 1960
Changes in Exports (Excluding Military
Aid) from the Fourth Quarter 1959 to
the Fourth Quarter 1960
I
Million$ Percent
at annual change
rate
Total change. _
__
+3, 252
+ 19
BY COMMODITY:
Industrial materials _ _ __ _
Cotton , unmanufactured
Copper, unmanufactured
Iron and steel
Other
Capital equipment
Machinery and related items. _
Commercial aircraft
Other
+ 1,432
+316
+324
+272
+ 520
+20
+37
+506
+74
+9
+ 19
+ 16
+66
+17
Foodstuffs...
._
"Wheat and other grains
Other
+540
+488
+52
+ 18
+34
+3
All other
+264
+ 14
+ 1,932
+34
+ 1, 196
+520
+216
— 40
+30
+34
+257
i
-8
-352
-152
+496
(x)
— 77
-21
+21
+ 1,368
+516
+348
+124
+380
+31
+243
+31
+30
+ 15
Canada
Latin American Republics
Cuba
Venezuela.
Other
All other
India...
Japan _
._
Australia and New Zealand. ..
( )ther
x Loss than 1 percent.
Source: U.S. Department of Commerce, Office of Business
Economics, from basic data of Bureau of Census.
Table 3.—The U.S. Import Decline in 1960
Changes in General Imports from the
Fourth Quarter 1959 to the Fourth
Quarter 1960
Million$ Percent
a,t annual change
rate
Total change
..
Industrial materials
Iron and steel
Other metals
Other
-
stable
With the exception of automobiles,
recent changes in imports of finished
manufactures have been only moderate.
Although imports of nonfood consumer
goods (excluding autos) rose less than
seasonally during the fourth quarter,
they still held at about the same rate
as a year earlier.
Imports of capital equipment were
somewhat lower in the fourth quarter
than a year ago, but may be expected
to rise significantly during the current
year due to $150 million in scheduled
deliveries of cargo aircraft from Canada
and medium-range passenger planes
from France.
The decline in auto imports, which
began in the second quarter of 1960,
was extended into the final months of
the year. The number of passenger
-12
-1,584
-464
-660
-460
— 33
—8
-19
-53
-112
-17
Nonfood consumer goods
Passenger ears, new and used__
Other
. -
-404
-432
+28
-15
Foodstuffs
Sugar
Coffee and other..
4-140
+104
+36
+5
+38
+ 12
+2
Western Europe
. ...
Common Market Six and
United Kingdom
Other
-884
-18
-720
-164
-19
-15
Canada
— 596
Capital equipment. .. -
Merchandise imports of $13.7 billion
at a seasonally adjusted annual rate
during the fourth quarter were down by
over $1 billion as compared with JulySeptember, and were the lowest in 2
years.
The contra-seasonal decline in imports of industrial materials during the
fourth quarter brought imports in this
category to an annual rate nearly $1.6
billion below those of a year earlier.
Almost two-thirds of this drop was due
to lower arrivals of metals which underwent a year-to-year decline of nearly 40
percent. Import values for many of
these commodities were depressed during the fourth quarter by a drop in
prices as well as in quantity.
Notwithstanding the cutback in imports, inventories of most major
imported materials remain high relative to consumption. This situation
may result in a still further downward
adjustment in imports.
-1,948
BY COMMODITY:
Imports Decline
Autos off, other manufactures
+ 1,016
+ 596
+ 172
+248
BY COUNTRY:
Europe
Common Market Six and
United Kingdom
Other Western Europe
Soviet Bloc
decade between foreign countries' exports and those of the United States,
the latter having displayed much sharper ups and downs during the period (see
chart)- It may also he observed from
that chart that the recent rise in U.S.
exports, although it brought them back
to the previous peak in 1957, nevertheless still fell short of the rise in exports
by other countries since that year.
_
Allother
+1
+1
BY COUNTRY:
-17
(x)
Latin American Republics
Cuba
Other
-216
+ 148
— 76
AH other
Japan
Australia and Xe\v Zealand
Other
— 400
— 120
-112
-168
-10
— 10
-39
—6
-68
+5
x Less than 1 percent.
Source: U.S. Department of Commerce, Office of Business
Economics, from basic data of Bureau of Census.
cars imported in November and December was only about a third as large as
in the same months of 1959.
In the periods of domestic business
declines of 1953-54 and 1957-58 noncyclical factors contributed to a rise in
imports and thus offset in part the
EXPORTS OF FREE WORLD
U.S. E x p o r t s in P a s t D e c a d e S h o w
W i d e r S w i n g s T h a n T h o s e of
Other C o u n t r i e s
Billion $ (ratio scale)
100
80
Exports of the Rest
of the Free World*
60
40
US. Exports
(Excluding military aid)
20
10 1950
52
56
58
60
*Excluding exports to the U. S.
Doto: Census 8 OEEC
U. S. Department of Commerce, Office of Business Economics
61 ' 3 * 5
SURVEY OF CURRENT BUSINESS
8
Mlin . h VM
Table 4.—United States Balance of Payments by Areas
[Millions of dollars]
All areas
jine
Eastern Europe
Westen Europe
Type of transaction
Year
1 Exports of goods and services
III
25, 452 6,275
Goods and services transferred under militarygrants, net.
1,988
397
1959
1960
1859
Year
IV
I
II
III'-
6,828
6 734
7 518
6 928
460
425
615
266
IV *
Year
III
Year
IV
253
III'
290
1960
IV P Year III
2 399
8 299 2 014 2 395
1, 236
1959
1960
Yenr III' IV v
IV
116
52
25
223
59
80
116
52
25
223
59
80
133
3 Goods and services excluding transfers under
23, 464 5,878
6, 368 27, 146
6, 309
6, 903
6,662
7,272
7, 063 1,761 2,105
9,172 2,266 2, 560
4
16, 225 4, 035
429
1, 649
902
295
4,328 19,411
409 1,795
198
984
4.604
414
193
5, 000
452
247
4, 675
469
322
5, 132
460
222
4,718 1, 198 1. 385
736 193 177
98
30
23
77
6, 687 1, 660 1,822 100
.50
24 203
42
1
2
797 212 204
3
1 (x)
7
31 (x)
39
123
(x)
(x)
(x)
(x)
(x)
3
3
10
ii
military grants.
Merchandise, adjusted, excluding military..
Transportation
Travel
.
._ .
Miscellaneous services:
Private
_
_ _ _ _ _ _
__ _
Government, excluding militarv
Militarv transactions...
Income on investments:
Direct investments
Other private ._.
.
Government
13 Imports of goods and services
14
15
16
17
IS
W
20
'21
Merchandise, adjusted, excluding military
Transportation
Travel
Miscellaneous services:
Private
--Government excluding military
Militarv expenditures
Income on investments:
Private
Government
..
-
1, 199
144
297
301
35
63
298
37
75
1.218
154
326
294
36
63
302
36
122
30S
43
75
314
39
66
551
47
183
135
12
41
133
13
46
557
52
215
141
13
49
2. 235
467
346
536
113
71
743
125
155
2 395
517
346
532
115
58
556
131
57
555
12*
87
752
143
144
415
101
214
98
23
31
182
25
121
435
113
193
84
27
41
5, 962 23, 303
3, 986 14,717
423 1,949
323 1,780
5, 761
3. 820
440
285
6,049
3, 858
537
476
6, 052
3, 554
536
670
5, 441
3, 485
436
349
23, 560 6,200
15, 315 3,848
1,784
480
1,610
617
163
112
773
158
70
593
307
3, 034
139
64
764
141
6S
736
155
110
804
158
65
730
369
81
1,674
92
20
417
92
20
396
372
76
1.638
94
19
439
549
281
133
74
154
96
591
332
148
101
147
86
146
150
68
359
169
88
45
102
58
384
185
96
43
973 1,469
854
548
— 1,000 — 1 239
-624
-575
876
610
—871
-605
—341
1,831 -1,577
— 1 901
-669 -665
-164
-277
-455
-50
1 236 —253 290
-310 -42 -107
—78 -19 -21
1,892
Balance on goods and services
75
866
Excluding transfers under military grants
-96 -322
406 3, 843
Unilateral transfers.net [to foreign countries(— )]. -4,390 -931 -1,123
-2,402 -534
Excluding military transfers
-663 -2,473
26
Private remittances
Government'
Militarv grants of goods and services
Other grants
Pensions and other transfers
-563
-131
-1,988 —397
-1,623 -333
-216
-70
30 U.S. capital, net [increase in U.S. assets (— )]_ - _ -4,034 -620
-2,301 -392
_31 Private net
32
33
34
35
36
37
3*
31'
40
41
42
444
4."
Direct investments, net
\"ew issues
Redemptions
Other long-term, net
Short-term, net
..
_ _
___.
-1,310 -229
-624 — 175
94
12
-372
-40
-89
40
-1,733 -228
( lo vernmcnt , net 3
-2, 393 -205
Long-term capital
.
Repayments
147
1,013
Foreign currency holdings and short-term
-353 -170
claims, net [increase (— )],
Foreign capital, net [increase in U.S. liabilities
(+)]•
Direct and long-term portfolio investments
(other than U.S. Government securities) in
the United States.
Foreign purchases of U.S. Government bonds
and notes, net.
Increase in U.S. short-term liabilities to foreign
banks and official institutions.
Increase in other U.S. short-term liabilities
4,674 1,277
548
158
-616
-142
-163
-147
—460
-460 -1,651
-50 -206
— 425
-380
— 53
—615
-411
-50
266
-405
-53
- 153
-536
-773
-365
-128
25
-71
-234
-4,628
-3. 522
-1,541
— 547
100
-306
-1,228
237 -1,106
-247 -1.174
482
605
2 -537
-768 -1,064 -1,044 -1,752
-546
-683
-900 -1,393
-269
-297
-650
— 106
— 274 — 103
31
22
26
-97
-149
30
-571
— 55 -160
-442
--^
-%
-222
-220
150
-152
-381
-345
113
-149
-144
-230
173
—87
495
2, 461
751
885
546
12V
327
185
152
-10
-359
-379
169
-149
279
(x)
—296 210
-549 -80
— 381 —492
-128 -202
56
-488
-476
-78
8
-78
136
-67 -74
161
34
112
8,497 2,174 1,948
4,171 913 1,000
993 291 204
678 279 119
609
322
3.090
22
23
24
25
28
29
8,640 2, 310 2, 185
4, 51* 1, 150 1,222
892 260 192
578 238 103
4
143
14 (x)
39
1
1
(x)
(x)
9
8 (x)
92
26
80
21
1 (x)
8
4
(x)
94 (x)
(x)
(x)
(x)
(x)
2
1
19
3
1 "(x)"
1 (x)
1 (x)
1
1
376
98
38
26
3 129
26
3 129
-6 -11 -27
-6 -11 -27
33
33
-7
-7
-8
-72 -84 -26
-6 -10 -24
-6
—7
-299
133
-257 -62 -77 -2 (x)
-21 (^
—21
—83
(x)
-1
(x)
-3
11 437
544
-160 -28 -43
705
76 389
-37
91
1,937
753
105
922
472
135
142
273
112
609
323
173
122
124
50
— 182
13(
365
121
748
319
2, 147
439
751
796
161
761
469 -155
248
48
-125
-135
3
— 68
— 58
-12
339
28
6
196 -113
2
—9
3
1 -10
2
1
1
1
2
-9
3
66
15
15
11 -10
10
12
-9
10
-1
—1
-32 -33 — 30
696
278 -40
-15 -60 — 40
1,075
167
72
1,702
50
94
637
921
829
274
199
1,718
577 1, 053
5,201 1,286
439
3, 836
616
827
1, 193
1,20(
2,294
892
162
2, 367
762
32
226
-905
-6
-145
-144
-610
-580 -307 -340 -1,443 -353 -744
6, 028 1, 395
f>7&
4, 175
790
1, 038
1,317
1, 03(
2, 367
728
97
2.984
997
722
2
-9
3
5, 167 1,278
424
3, 803
608
S17
1, 188
1, 19(
1,714
585 -178
924
409
199
68
6
18
16
254
372
182
221
129
-16!
653 1
2, 060
58S
523 -66 -15 -15
-5
«W61
decline which may be attributed to
declining production and incomes.
During 1960, on the contrary, such
factors seem to have reinforced the
cyclical downturn. As certain imports
which had previously been raised by
special developments moved downward
again, the forces accentuating the cy
117
clical decline have lost in force, however, and the decline in imports is not
likely to continue to be so steep as it
was during the latter half of 1960.
Factors in Gold Outflow
With transactions on goods and services resulting in higher net receipts,
-1 (x)
-1
(x)
11
Monetary gold [U.S. sales (+), purchases ( — ) ] _ .
11
0
59 -60 -26 -15 -117 -19 -56
51
137
-202 — 70 -64 -14 -3 -3 — 5 -1 (x)
6 (x)
6 (x)
8
291 100 110
rjc
13 -53 -29 -12 -120 -24
48
21
Increase in U.S. short-term and other liquid
liabilities (lines 43-45) and reductions in gold
holdings (line 46) .3
Errors and omissions and transfers of funds
between foreign areas [receipts by foreign areas
(-)], net.
Memorandum items:
Increase in reported total foreign
gold reserves
and liquid dollar holdings. 4
Through estimated net receipts from,
or payments ( — ) to the United States. 5
Through other transactions *>
I
58
58
225
24
24
92 612
-28
— 288
-639 -155 -182 -28
675
4»
11
(x)
9
-43 318 -1,233 -357 -626 -64 -26 -10 -118 -21 -57
j
_2 -1
-4 (x)
-54 -119 -1.370 -408 -685
-879 -206 -457
-30 -170
— 18 — 11
— 17
—20
2
1
4
2
11
32
35 — 115 -84 -71 ~ ~ - 2 (x)
2
2 -1
-2
-1 "Hi
-39
25 —367 -120 -144
3
3, 209
783
(x)
22
26
22
94
18
21
18
80
1 (x)
(x)
(x)
2
4
2
10
47
4*
1
1
4
(x)
(x)
143
275
943
11 -10
10
5
11 -10
10
3
while the net outflow of funds through
recorded capital transactions (except
for the special transactions noted earlier)
was lower, the balance on all recorded
transactions during the fourth quarter
of 1960 was improved not only compared with the previous quarter but
also compared with the last quarter of
SURVEY OF CURRENT BUSINESS
Ma roll ItM'il
Annual, Third and Fourth Quarters, 1959 and 1960
[Millions of dollars]
2
Sterling area
International institutions
and
unallocated l
All other countries
Latin America
Canada
Line
Year
1959
1960
1959
Year III" IV P Year
IV
III
IV Year III ' IV P
III
5,150 1,323 1,301 5,111 1,247 1,270 5,192 1,294 1,321
63
1959
1960
7
7
689
5,150 1,323 1,301 5,111 1,247 1,270 5,129 1,287 1,302 5,258 1,328 1,337
3, 798
137
462
936
36
160
135
34
2 (x)
30
6
940 3,773
34
135
469
90
125
17
18
378 100 136
208
51
57
(x)
(x) (x)
345
211
83
52
4,126 1,155 1,107 3,995 1,125
3,043 770 858 2,903 733
109
28
29
120
32
365 206
394 217
57
28
4
428
7
1
109
1
112
117
32
26
8
33
10
1,024
1,024
-21
-21
168
168
-6
-6
—7
-7
-2
-19
-850
-844
-410
—437
55
—23
-29
-6
(x)
28
4
379
137
30
31
7
-295 -209
-292 -207
-117 -123
-136 -93
6
16
8 -12
-53
5
35
6
27
10
329
• Revised.
10
12
5,560 1,443 1,315
3,901 1,012 900
59
66
239
57
58
250
478
34
338
142
8
77
122
15
87
501
33
351
147
5
84
172
60
56
49
16
14
159
81 -249 -102 -235
21
102
955
5
26
238
5
26
236
106
494
42
25
12
6
11
10
-217 -46 -61
21
105
960
5
28
254
11
10
6
26
248
40
44
-229 -53 — 57
—7
— 126
-689 -137 -151
-24 -28 -1, 114 -252 -307 -1,180 -291 -314
-3
-107 -44 -20
-81 -21 -20
28
3
-16 -25
-48 -76
39
44
-7
7
18 -23
13
1
13
-2 -48
1
-2
-583 -147 -115
-439 -104 -106
34
118
28
-262 -77 -37
57
57
44
4
63
1960
IV
III
nss
nss
nss
nss
nss
1
nss
nss
nss
nss
nss
2
5,390 1,316 1,562
3
937 1,031
98
100
22
28
4
5
6
57 4,078 1,021 1,204
648
83
22
680
69
17
3.706
367
84
95
7
397
30
23
101
8
9
102
8
216
12
101
603
58
122
113
12
8
183
18
93
10
11
12
4,139 1,042
2,429 581
380 113
89
290
919
539
77
58
13
14
120
30
29
'*%
47
12
12
96
8
5
3
386
28
33
16
39
5
11
4
9
581
51
131
142
12
5
6
109 4, 305 L 123 1,062
10 2. 6671 677 679
326 i
97
68
83
54
265 | 87
45
3
291
45
496
s
73
11
123
72
12
119
292
43
475
11
117
47
8
50
8
199
31
50
8
nss nss nss
-52
-52 -227 -102 142
—37
nss nss nss
-37 -374; -88 -96
nss nss nss
1,251 274 643
nss nss nss
-448 -106 -135
22
23
24
-1 -mi -27 -30
-125 -29 -34
26
nss j nss nss
-85 -13 -22 -107 -27 -36 -240 -57 -62
-16: -4
nss nss nss
-302 -72 -_«4
-21 — 5
27
28
29
-1
-48
-48
-23
-23
-271
-271
-108
-108
—1
i
-84
-84
-27
-27
742
196
227
363
113
74
1,801
324
55
13
13
49
9
14
22
6
230 1,029
9
186
29 !
-39 -51 -317;-148 176 -1,521 -335
-41
23 -274 1 -53 -72 -1,011 — 209
5 -313
-31
3 -117
-655
-1 -2 -21 i -11
—40
2
2
3';
1
-11
17
42
83
8
11 -18
2 -329 -114
-26 -54
(x)
2 -74 -43 -95 248
-74 -202| -46 —60
2
353
11 318
-194 i -60 -10
I
168
605
5
4
225 -84
214
790
247
387
(x)
(x)
(x)
— 29;
14
644
168 -218
41
-10
-2 -58
42
129'
63
59
276
46 -22
600
186 -129
14
— 7 -56
-75
(5 -62
45
200
359
-16
370
199
47
-500 -201
-«
48
28
11
4
627
156
216
16 -169 -29 — 122
4
43
17
32
16
-6
23 -65
100
36
62
189
62
23
151
19
96
357 i
150
117 -236 -151 -215 -60
64
33
16
876
245
237
465
123
156
1,857
311
733
252 -12
142
-46
92
1,369
243
333
1,130
304
122
-168 -31 -28 -170 -23 -175
100
59 -224
825
242
217
340
75
122
2. 854
460
212
476
2, 245
488
570
1. 595
427
278
1, 655
87
93
545
140
126
-46 -163 -1,420 -246 -353 -1.255 -352 -156
1, 199
373
483
502
72
98
543
227
136
102 -245 -225 -239 -97 -313
86 -138
392
12
76
206
16 -107 -617 -251 -173 -519
Preliminary.
nss Xot shown separately.
-59 -55
-13
108
—30 -12
-5
165
82
55
1,614
236
166
(x)
(x)
(x)
78 -192 -85 -267
126
136
748
576 1,047
5 -290
168
37
38
39
40
14
-27 -36
83
-510 -126 -82
-306 -69 -83
7
104
70
-308 -64 -69
-5
85 1
i
-19 -27
157
-78
30
31
32
33
34
35
36
-609
-527
-421
-23
27
46 l! 129
6
13 -41 -18
!S
!I19
20
21
2 (x) -72
-904 -162 -263 -1,370
-579 -111 -165 -1,375
15
26
110
2
-435
-113
(x) "(x)~ (x)"
331
74
10
104
'
50
1 (x) (x) (x)
13
13
15
58
-46
39 -210
III ' I V *
nss
2.498
59
Year
nss
127
-93 -28
71 -388
7
3
8
4
-53
-258 -65 -68 -152
-405 —70 -95 -314
29
181
65 194
-34 -24 -38 -32
-22 -36 -13
181
3
30
15
51
15
14
5,498 1,401 1,391
3,917 1,003 997
218
56
58
218
53
50
230
-659 -97 -224 -652 -140 -299 -1,068 -161 -365 -1,746 -327 -554 -1,449
2 -46 -213
-401 -32 -156 -500 -124 -274 -485 -14 -250 -842 -165 -291
-79
-46 -141
-205 -78
11 -100 -198
61 -93 -25 -39 -133
18 -80
-86 -15 -33 -45
-108 -30 -25
-94 -19 -19 -106 -23 -42
-15 -2 — 5 -97
j
2
2
3 ~~~8
10
20
1
3
10
5
4
17
19
2
3
-163 -66 -41 -141 -37 -2 -111 -29 -44
-28
5
15 -11 -18
-43 110 -179 -178 -42 -213 -151
22
-488 -168 -143 (x)
(x)
-165
-165
-79
-20
17
35 -13
-111 -70
110 -569 -31
81 -189
6
3
54
19
7
-40 -10
-21
132
10
9
-160
-160
-81
-10
150 -243
213 -118
35
39
-666
-668
-326
-216
47
19
-192
312
205
287
19
14
-8
107 -37
-124
199
17
19
-30
-9
-447 -115
926
67
66
-12 -13
-38
247 -39
253
13
14
-63 -7 -19
-112 -26 -23 -104
-6 -12 -3 -2 -12
2
323
203
13
14
-2
108
—4
814
49
52
-4
111
32
182
24
18
-90
-90
-13
-13
167
45
184
21
20
(x)
(x)
11
10
(x) (x)
(x) (x)
-176
-176
-86
-86
2
1 -49
59
18
12
198
895 139 321
382
191 236
206
2 170 1,592 256 653
—2, 127 —479 —539
—491
—46
-39 -43 -1,438 -342 -388 -1,490 -365 -391
(x) (x)
-3 -2
248 -88
57
18
13
23
13
28
324
466 128 186
324
403 121 167 "602
-8 -227 -46 -51
-8 -164 -39 -32 -169
2
294
231
69
52
74
1
12
-2
-29
58
16
17
43
2
57
17
12
52
4
45
-10
-4
1
91
59
20
9
63
227
68
72
946 4,726 1,166 1, 135 4,656 1,137 1,101
714 3,723 896 876 3,629
870 843
31
226
57
58 246
63
59
441 116 111 448
61
113 109
191
76
32
230
62
7
5
965 1,074
98
97
24
19
10
8
194 1,116 122
194 1,116 122
-40 -12
-40 -12
2 (x)
-3
1
97
118
57
74
889
77
73
673
87
78
593
70
71
37
(x)
7
6
52
79
106
3
61
36
302
126
151
302
162
18
20
64
6
4
139
6
33
IV Year III' IV * j Year
III
5,226 1,237 1,423
432 110 113
29
23
83
61
239
27
12
34
1
9
1,825
Year
7,152 1,699 1,968
240
27
18
894
78
81
137
lUr IV P
3,979
374
69
858
81
94
921 3,551
35
293
95
273
Year
IV
1959
1960
5,704 1,403 1,561
892 3,522
73 304
66 309
870
35
160
III
6,393 1, 540 1,712
1,335
19
Year
1959
1960
129 -22
574
1,228
31
43
I
209 -395
897
295
8331 311 -236
728
169
159
II
350 ; -787 -102 -159
169
126 -226
III
46 j
x Less than $500,000.
1. Includes transactions with shipping companies operating under the flags of Liberia, Panama, Honduras, and Bahamas.
2. Iraq is not included in the sterling area, beginning with the third quarter of 1959.
3. Includes in the year 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-mterest-bearing short-term Government securities (line 44).
4. Changes in reported gold reserves of foreign central banks and governments, excluding U.S.S.E. and other Eastern European countries, plus foreign liquid dollar holdings (lines 43,
44, and 45).
5. For ''All areas" equals balance (with reverse sign) on line 23 (less net sales of gold by domestic sources to (+) or purchases from ( — ) the monetary gold stock of the United States)
plus lines 25, 30, 42, and 48. Domestic sales to (+) or purchases from (-) the monetary gold stock were in millions of dollars: 1959 annual; -34, 1959 I, -3: II, -8; III. -8- IV, -15' 1960
annual, -33; 1960 I, -8; II, -10; III, -5; IV, -10. For individual areas line 48 is not included.
6. Line I minus line II. Amounts for "All areas" represents gold obtained by foreign countries outside the United States.
10
SURVEY OF CURRENT BUSINESS
19o9. The
evident in
with nearly
indicated in
improvement which was
the recorded transactions
all of the major areas is
the following tabulation.
Change in U.S. Balance on Recorded Transactions With Major Areas in 1960 From
Corresponding Period in 1959
(Improvement (-J-); millions of dollars)
Year
I
II
m
IV
Western Europe:
Total
+790 +380 +611 +176
Excluding special
transactions31
+ 1. 585 +530 +611 +176
+268
Canada
Latin America
Other countries
+209
—32
+292
+264 — 53 +62
+186 +105 +88
+650 + 141 + 156
—377
+46
+25
+61
x
Advance debt repayments in the first and fourth quarters of 1959 and large direct-investment transaction in the
last quarter of 1960.
Source: U.S. Department of Commerce, Office of Business Economics.
The widespread improvement in the
balance on recorded transactions underlines the importance of the unrecorded
transactions in the loss of gold and
the accumulation of dollar balances
by foreigners during the fourth quarter
of last year. That period was characterized by a large upsurge in the
demand for gold by private persons
and central banks which ordinarilv
prefer to hold their reserves in income
earning assets. The rise in the price
of gold in the London gold market
was caused by the rise in this demand,
but in turn also stimulated it. Approximately $}£ billion of monetary and
newly mined gold disappeared during
these 3 months into private ownership,
compared with an average of less than
$100 million in comparable periods in
prior recent years.
A major part of these developments
appears to have been due to speculation
involving individual appraisals concerning the maintenance of the value
of the dollar, and probably contributed
to the increase in net payments through
unrecorded transactions in the U.S.
balance of payments.
This speculation may in part have
resulted from both internal and international developments during that
period itself, but may also have been
stimulated by the large capital outflow
and gold loss during the preceding
quarter. It may be reasonable to
assume, however, that the effects of
events immediately responsible would
have been less if it had not been for
Table 5.—Changes in Gold Holdings and Liquid Liabilities '
[Millions of dollars]
Quarters, not seasonally adjusted
Calendar year
1960
1956
Changes in gold holdings and liquid liabilities,
total !
968
1957
1958
-468
3,477
-798
2,275
2
1959
1960
1
3, 826
3, 836
616
2731
1,702
50
QqK
2,134
II
III
IV
827
1, 193
1, 200
94
637
921
566
733
556
279
Gold (purchases — , sales -f-) ._
-306
Liquid liabilities total
1,274
330
1,202
International organizations
International Monetary Fund.
Other
-359
-363
4
-104
-367
263
300
17
283
2
748
2 604
144
1,019
740
279
191
110
81
61
81
-20
165
102
63
602
448
154
Foreign central banks and government^ total
As reported by U.S. banks
Other -
930
1, 092
-162
20
-128
148
735
748
— 13
885
480
405
1.286
1, 226
60
12
-146
158
459
573
-114
535
538
280
419
50
48
1. 149
106
460
150
-23
-481
- -
309
300
154
103
-182
-12
-26
-66
Undetermined (mainly U.S. Government bonds and notes)
-25
64
-35
210
9
85
75
-95
— 56
638
9
1, 082
1,227
-164
968
456
—33
662
122
171
15
124
168
-100
50
-43
401
-182
-1
346
130
47
2 0
By foreign holders:
Foreign commercial banks
Other foreigners..
-286
2
S
By types of liabilities:
Deposits in U S. banks
U.S. Government obligations:
Bills and certificates
Bonds and notes
Other
Bankers acceptances, commercial
paper, <Hc
Liabilities payable in foreign currencies
_ ..
Other liabilities
-549
2
378
-135
18
-110
95
11
31
44
313
316
-92
349
35
443
-132
-111
— 165
41
21
142
-70
-60
164
-157
-21
-62
-13
-38
28
36
-43
-6
-40
186
2, 378
669
241
1. Corresponds to line 47 in Balance of Payments table p. 8 and last line of analysis table p. 6.
gold.
2. Excludes U.S. subscription to IMF of which $1,031 million was in noninterest bearing notes and $344 million in golt
Source: U.S. Department of Commerce, Office of Business Economics.
the decline of the gold holdings of the
United States and the rise in dollar
holdings abroad over the preceding
years.
The large loss of gold during the last
quarter of 1960 was due in part to the
sale of dollar assets amounting to nearly
$500 million by private foreign banks.
As these dollar funds accumulated in
foreign central banks, some of them in
line with traditional policies converted
excess holdings into gold. This is
shown in table 5 which provides some
detail about the holders of short-term
claims on the United States, and the
type of asset these claims are held in.
Dollar assets of foreign private
holders are held almost exclusively in
the form of bank deposits, and changes
in their holdings are not likely to have
been influenced by relative movements
of interest rates. U.S. Government
securities together with bankers acceptances and other negotiable paper
are held mostly by foreign central
banks.
Recent Improvement in
U.S. Position
Various measures to improve the
balance of payments taken by the
Government met some success during
January, and apparently more in February. While gold continued to move
out, in both months, the amounts
declined substantially in February.
The gold price in the London market
returned to the normal range, and
speculation in gold appears to have
subsided. Dollar holdings of foreign
countries appear to have declined, and
the exchange value of the dollar has
improved somewhat.
At least the speculative element in
the deterioration of the balance of
payments at the end of last year appears
to have subsided, and some back flow
of speculative funds may be taking
place. The balance for the early part
of this year consequently may have a
comparatively favorable appearance.
It would be unwarranted, however, in
view of the still subnormal import
demand and the weaknesses which
have appeared in some of our major
exports, to assume that such an improvement signifies that a satisfactory
solution of the balance of payments
problem has already been reached.
BY MURRAY F. FOSS
1961 Business Investment and Sales Expectations
IJUS1NESSMEN plan to spend $34K
billion on new plant and equipment in
1961—a reduction of about 3 percent,
or $1 billion, from 1960. This investment, which began to move downward
after the second quarter of 1960, is
scheduled to decline further in the current quarter and again in the AprilJune period. However, the survey indicates an improvement in the latter
half of 1961.
The investment anticipations, derived from reports filed by business in
late January and February in the regular Commerce-SEC survey, are accompanied by expectations of higher
sales in 1961 over 1960 3 percent for
manufacturing firms, 4 percent for
trade companies, and 7 percent for
electric and gas utilities.
Relative changes in expenditures
from 1960 to 1961 are about the same
for both manufacturing and nonmanufaeturimr companies, but there is a
diversity of change within these broad
groups. The half-billion dollar, or 7
percent, decline scheduled by durable
goods manufacturers is partially offset
by an anticipated small increase in the
investment of nondurable goods companies. Almost half of the dollar decrease in expenditures expected by
transportation and commercial firms is
offset by an investment increase scheduled by the public utilities, as may be
seen in the table below.
Quarterly trends
Actual expenditures in the final
quarter of 1960 were at a seasonally
adjusted annual rate of $35/2 billion,
the continuing decline being attributable in large part to reduced expenditures by durable goods manufacturers.
The fourth quarter figure was about in
line with the anticipation for this period
reported
by business 3 months earlier.
nonrail transportation firms. The expected rate of investment in the second
quarter is 7 percent below the recent
high in the second quarter of 1960.
Given the anticipation for the full year
1961 and the expected outlays in the
first two quarters, a modest rise in.
seasonally adjusted expenditures is
implied from the first to the second
half—from an annual rate of about $34
billion to $35 billion. Manufacturing,
communications, electric and gas utilities are contributors to this implied
increase, while commercial firms and
both the rail and nonrail transportation
groups report further decreases.
A cut to a $34% billion rate has now
been scheduled for the first quarter of
this year—dominated by reductions in
manufacturing and rail transportation.
The figure for the opening months of
the }^ear is about $K billion less (annual
rate) than the initial anticipation for
this period, with much of the downward
revision from earlier plans being reported by producers of durable goods.
Spending in the second quarter is
expected to go down to $33% billion.
In this period lower investment of manufacturers, railroads and commercial
companies is partly offset by a pickup
in outlays by the public utilities and
PLANT AND EQUIPMENT INVESTMENT
B u s i n e s s P r o g r a m s i n d i c a t e a 3 P e r c e n t Decline in 1961
Billion $
Biilio
60
60
Total
40
-
1
20
—
m
1
I
X?vS
H
is
§§*
x<S
&&
8$9
XXX
Soo
Xxy
x>§
§§§
IP
§§>
>ws
vv
vv
XV>
x*%><
X^
§fe
XXX
0
Total
\
W
1957
8c**>
$8
0<X>
XXx
-Xj^—
- 20
—
1958 1959 1960 1961*
Annual
- 40
I
,
,
!
1
,
,
I
,
1
i
1
I
1
,
1
I !
I
1957 1958 1959 1960 1961*
Quarterly Totals, Seasonally Adjusted
At Annual Rates
NONDURABLES
RAILROADS
Off One-Eight From Peak
Cut Outlays S h a r p l y
PUBLIC
U T I L I T I E S Higher
COMMERCIAL Off
Billion $
Billion $
15
TRANSPORTATION
15 I MANUFACTURING
Commercial and Other
10
Nondurable Goods
10
Public Utilities
N onrail
Railroads
Durable Goods
1957 1958 1959 1960 1961*
Communications
1957 1958 1959 1960 1961* 1957 1958 1959 1960 1961*
Quarterly Totals, Seasonally Adjusted, At Annual Rates
*Anticipated
Data: SEC a QBE
6I-3-6
U. S. Department of Commerce, Office of Business Economics
11
SUKVEY OF CURRENT BUSINESS
March 1961
such as railroads and trucking—which
Realization of current investment were adversely affected by the downintentions would make the recent cy- turn in industrial activity—have also
clical downturn in plant and equipment scheduled large reductions for 1961.
expenditures of small magnitude. By As a partial offset, however, are the
comparison, seasonally adjusted ex- increases reported by industries that
penditures fell more than one-fifth have experienced a strong growth in
from the third quarter 1957 peak to the markets, notably the electric and gas
third quarter 1958 low point. In the utilities. New product development
post-Korean period the investment and continued technological change,
decline was not severe but lasted longer— coupled with the fact that the fixed
•an 11-percent decline from the peak in plant of many businesses does not come
•the third quarter of 1953 to the first- up to current best practice, and thus
quarter of 1955. The first postwar requires replacement, are other imporinvestment downturn was also sharp— tant influences that are bolstering
a 20-percent decline from the fourth investment.
The realization of these business
quarter of 1948 to the final quarter of
investment
programs this year, espe1949.
cially the change from the first to the
One factor in the comparative mild- second half of 1961, will depend on the
ness of the projected decrease is that course of business activity and the exthe preceding recovery in fixed invest- tent to which this movement approximent was not vigorous. The cyclical mates current expectations by business
peak of $36.3 billion in the second of an improvement in sales. The sales
quarter of 1957 marked the first time expectations reported in the latest
in the postwar period that an earlier survey call for moderate increases over
cyclical high—$37% billion in the third 1960, but they imply good-sized inquarter of 1957—was not exceeded. creases from current reduced rates.
Last year's investment could not be
It may be helpful to call attention to
judged high in relation to total output: a comparison of actual and anticipated
it was 7 percent of GNP, or slightly changes in expenditures from the first
higher than the ratios in 1958 and 1959, to the second half in recent years, in
which were postwar lows. By way of terms of direction rather than size of
contrast, plant and equipment outlays change; the experience is mixed. In
were about 8/2 percent of GNP in both 1955, 1956, and 1959, years of rising
1956 and 1957, 8 percent in 1953 and activity, investment increases were
8J{ percent in 1948.
anticipated and in fact occurred. The
Where investment was high and anticipations of little change and deproduct demand weak last year, as in crease that were made for 1957 and
tlie iron and steel industry, a sharp 1958, respectively, also took place,
cutback is planned. Other industries though a turning point in total in-
vestment developed in the second half
of both of these years. Last year,
however, investment in the closing 6
months averaged no higher than in the
first half, instead of increasing as
projected. The timing of the annual
survey (roughly February) in relation
to the particular phase of the business
cycle has an influence on the formation
of the anticipations.
12
(.Cyclical downturn
Table 1.—Plant and Equipment Expenditures, 1959-61
1960
1959
Dollar change
1961 i
1959-60
1960-61
Durable goods industries. _
\ondurable goods industries
Mining
.
_ _.
Railroads
1959-60
1960-61
(Percent)
(Billions of dollars)
'Manufacturing .
Percent change
12.07
14.48
14.11
2.41
-0.37
20
6 29
7.18
7.30
6.69
7.42
1.41
1.00
-.49
.12
24
16
.99
.99
.98
(2)
-.01
(2)
Q
2
-1
92
1.03
.60
. 10
-.43
11
-42
Transportation, other than rail.. - _ . . _ . _ .
2.02
1.94
1.85
-.09
-.09
-4
—5
PiiMic utilities
5.67
5.68
6.22
.01
.54
10 88
11. 57
10.81
.69
— .76
32. 54
35.68
34.57
3.14
...
Commercial and other
Total
...
- --
-1.11
(2)
10
6
10
1. Anticipated.
2. Less than $10 million, or 0.5 percent.
Note: Details may not add to totals due to rounding.
.Sources: U.S. Department of Commerce, Office of Business Economics, and Securities and Exchange Commission.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
-3
Manufacturing Investment
Manufacturing firms spent $14K billion in 1960, about one-fifth more than
was spent in 1959. Almost every
major industry reported increased investment last year, but the total for
the group fell short of the 1960 projection as well as the $16 billion that was
spent in 1957—-the previous peak.
That manufacturers failed to meet
investment goals projected early in
1960 reflected demand conditions which
differed considerably from the broadly
optimistic anticipations. But the fact
that expected 1960 investment was
also less than the earlier high mark,
even though sales in aggregate reached
a new high last year, was suggestive
of a more than adequate capacity
condition. The brevity of the manufacturing recovery—only six quarters
from the first quarter of 1959 to the
second quarter of 1960—may be taken
as another aspect of this same condition.
Durable goods investment, which
rose about one-fourth last year, is
expected to decline about 7 percent in
1961 but the projected decreases are
confined to a few industries. The steel
industry, which last year increased its
outlays by some $0.6 billion to $1.6
billion is reducing its investment to
$1.2 billion this year. It is an aspect
of the long lead time required for steel
making facilities that investment continued to rise through the third quarter
of 1960, even though the steel operating
rate peaked in January 1960.
The nonfeiTous metals industry, notably aluminum, continues to project a
very low investment rate in 1961, unchanged from last year. Primary aluminum production is at present only 70
percent of capacity and fabricating production still lower relative to capability.
Both machinery industries expect to
show little change in investment rates
from last year's levels. For electrical
machinery, however, this is a record
rate, reflecting mainly the growth of
investment in the rapidly growing
electronics industries. In the other
machinery group, rising outlays have
been projected by producers of office
machinery and computers; producers
of industrial and other types of machinery expect to decrease investment this
year.
The motor vehicle industry is the
only major durable goods group that
has projected a rise for 1961—15 percent from 1960. It may be noted,
however, even on a current dollar basis
the industry is spending far less than
it did in 1956, the peak investment
year, or in 1954, 1955, and 1957.
Spending by transportation firms other
than motor vehicles, unchanged from
1960, is still below 1956 and 1957
investment rates.
The stone, clay, and glass industry
has scheduled a sharp cut in investment
from 1960, as have the fabricated metals
industry. Cutbacks in spending for
new facilities for the cement industry,
where capacity is considerably in excess
of demand, are especially sharp.
These more than offset the cutbacks
that have been planned by textile and
paper firms, whose outlays have been
affected by the recession. Spending
by rubber companies is about unchanged from 1960.
Table 2 presents a functional breakdown of petroleum company expenditures, based on reports supplied by firms
accounting for 80 percent of the inPUBLiC UTILITIES
Plant and Equipment Outlays
Million $ (ratio scale)
6,000
Electric Utilities
4,000
Nonmanufacturing
Investment
1,000
800
600
400
1947
49
51
53
55
57
59
61*
Quarterly Totals, Seasonally Adjusted, at Annual Rates
* Anticipated
Dafa:
SEC 8 QBE
61-3-8
Slight rise in nondurables
Unlike durable goods, investment by
nondurable goods producers showed a
steady rise quarter by quarter through
1959 and 1960. The pattern of investment projected by these industries
for 1961 reflects a varied combination
of growth and cyclical behavior. Three
main groups in which growth factors
are most important and which account
for the largest volume of investmentpetroleum, chemicals, and food and
beverages—have all projected increases.
Table 2.—Plant and Equipment Expenditures of the Petroleum Industry, by
Function, 1960-61
(Billions )f dollars)
I960
actual
Production
_ _
1901 anticipated
1 50
1 43
Percent
change
—5
.14
.14
0
Refining and petrochemicals.
.50
.70
40
Marketing
.42
.47
12
Other
.08
.09
12
2.64
2.83
7
Total
Sources: U.S. Department of Commerce, Office of Business Economics
and Securities -and Exchange Commission.
plant outlays are expected to fall almost
one-fifth, while equipment outlays arc
off very slightly. This differs from the
pattern in nondurable goods, where
a rise in plant outlays is accompanied
by a small decrease in equipment
expenditures.
A breakdown of planned capital
expenditures by size of firm in manufacturing indicates that as a group the
largest firms (assets over $50 million)
are planning a small rise, which is more
than offset by the decrease scheduled
by the smaller companies. Last year
companies of all sizes increased investment. The increase was relatively
greater for the largest firms although
they failed to meet their programs.
2,000
U. S. Department of Commerce, Office of Business Economics
Transportation _ _
13
SURVEY OF CURRENT BUSINESS
March 1V)(>1
dustry's 1960 investment. The largest
category—-production, which is essentially the well-drilling activity—-shows a
small decrease in 1961. Marketing
expenditures are scheduled to rise but
the main increase is expected to occur in
the refinery category, which also includes investment in the expanding
petrochemicals industry.
The $1% billion projected by the
chemicals industry would bring outlays
in this industry back to the high point
achieved in 1957. A few very large
projects are important in this increase.
Projected outlays by food and beverage
firms, which were little affected by the
recession and which enjoyed rising
prices in 1960, are at the highest point
in several years, with spending by the
very largest companies up quite
sharply.
Plant versus equipment
On an overall basis the relative
changes from 1960 to 1961 in plant as
compared with equipment are about
the same. In durable goods, however,
This year electric utility companies
have scheduled an 8 percent rise in
their capital outlays; if realized this
would bring investment by this industry
about back to the previous high reached
in 1958. The increase is concentrated
in the second half of the year. Since
reporting in this survey is on a company
basis, it should be noted that these
figures include some expenditures for
gas, which this year have the effect of
raising the overall increase in expenditures somewhat over those based solely
on electric plant expansion.
According to trade data all of the
increase in outlays scheduled for 1961
will be for transmission and distribution
facilities. (See table 3.) Generating
expenditures are expected to be little
changed from last year and are down
substantially from the 1958 figure.
Since the industry's margin of capacity
over peak loads has been rising in the
past several years, as capacity additions
Table 3.—Plant and Equipment Expenditures by Electric Utilities, by Function,
1958-61
(Millions of dollars)
Year
1958
- -
1959
Generation
Transmission
Distribution
Other
1,879
608
1 125
152
1 519
554
1 163
147
1960
1 342
537
1 300
152
1961 (anticipated) ..
1,325
688
1,337
170
NOTE.—Data refer to investor-owned private utilities.
Source: Edison Electric Institute, based on Electrical World
survey.
SURVEY OF CURRENT BUSINESS
14
have outstripped the increase in demand, the pressure for new generating
facilities has been dampened.
The gas utilities have scheduled a
rise of about 12 percent over I960,
which if realized would be as high as
the 1957 outlays and would reverse a
3-year decline. The rise would be
greater if the gas outlays made b}^
electric firms were included. As with
electric investment programs, a greater
share has been scheduled for the
second half of this year.
outlays for equipment. Trucking companies reacted in a similar fashion to
the 1960 downturn in industrial production, making very severe cuts in their
truck purchases after mid-1960. This
decline is extending into the first
quarter of the year. Although a small
pickup is scheduled thereafter, investment for the year as a whole is expected
to be down substantially from 1960.
Offsetting in part this planned reduction in the trucking sector of the nonrail
transportation group are anticipated
increases in expenditures by the airlines
and petroleum pipelines. The 1961
programs of the airlines reflect primarily a catching up on expenditures
initially scheduled for 1960 but delayed
because of financing and production
problems. A sharp fall in outlays in
the second half is scheduled.
Transportation programs reduced
The planned expenditures of the railroads are down sharply to the lowest
level in about 15 years; this reflects a
small reduction in expected road outlays and a considerable reduction in
March 19(>1
Commercial and
investment
communications
Communications firms are expecting
to hold 1961 expenditures quite close
to 1960's record total; outlays are
expected to dip somewhat in the first
half but pick up again after midyear.
The reduction in spending by commercial companies reflects mainly a
cut by retail firms. The 1961 programs
of the largest chains are scheduled to
exceed those of 1960 but the other firms
are thinking of a decline in expenditures
following the first quarter. This may
be attributable to the uncertainty
caused hy the somewhat poor showing
in retail sales in the early part of this
year. Investment by construction firms
and financial organizations is expected
at this time to approximate last year's
total.
Table 4.—Expenditures on New Plant and Equipment by U.S. Business,1 1959—61
(Billions of dollars)
Annual
1961 2
1960
i
Manufacturing
.
1960
1959
i
1959
Seasonally adjusted at annual rates
Unadjusted
1959
1961
|
1961
1960
Jan.- A.pr.- Julv- Oct- Jan.- Apr.- Julv- Oct.- Jan.- Apr.- Jan.- Apr.- July- Oct.- Jan.- Apr.- July- Oct.- Jan.- Apr.Mar. June Sept. Dec. Mar. June Sept. Dec. Mar.2 June 2 Mar. June Sept. Dec. i Mar. June Sept. Dec. Mar.2 June 2
12.25 12.85 14.10 14. 70 14.65 14. 40
12.07 14.48 14.11
2.46
3.02
3.02
3.57
3.09
3.76
3.62
4.01
3.01
3.50 11.20 11.80
13.8
13.6
5.77
7.18
6.69
1.14
1.45
1.44
1.74
1.55
1.88
1.80
1.95
1.40
1.66
5.25
5.75
5.85
6.15
7.15
7.40
7.35
6.85
6.5
6.5
1.04
Primary iron and steelPrimary nonferrous metals __ .31
Electrical machinery and
.52
equipment
Machinery, except electrical.. .91
1.60
.31
1.22
.31
.21
.07
.27
.09
.22
.07
.34
.09
.33
.07
.42
.08
.42
.07
.43
.09
.28
.06
.33
.07
1.00
.30
1.05
.35
.90
.30
1. 15
.30
1.60
.30
1.60
.30
1.75
.30
1.45
.30
1.4
.3
1.3
.3
.68
1.10
.71
1.13
.09
.18
.12
.22
.13
.23
. 17
.28
.12
.25
.16
.28
.17
.26
.23
.30
.13
.23
.15
.26
.45
.80
.50
.90
.55
.95
.55
.95
.60
1.15
.65
1.15
.70
1.05
.75
1.05
i.'o
.6
1.0
.64
.89
1.03
.12
.15
.18
.19
.17
.23
25
23
17
26
.55
.60
.70
.75
80
90
95
.90
.8
1.0
.39
.42
.42
.08
.10
.10
.11
.10
.10
.10
. 11
.09
. 10
.40
.40
.40
.40
.45
.40
.40
.40
.4
.4
.13
.37
.15
.43
.14
.36
. 17
.43
.15
.37
. 16
.40
.13
.30
.14
.34
Durable goods i ndustries
Motor vehicles and equipment
Transportation equipment,
excluding motor vehicles. _.
Stone, clay, and glass prod-
53
1.44
.62
1.56
.54
1.34
.11
.28
.14
.36
Nondurable goods industries _ 6.29
7.30
7.42
1.31
1.57
1.58
1.83
1.54
1.88
1.81
2.06
1.60
1.84
5.95
6.05
6.40
6.70
6.95
7.30
7.30
7.55
7.3
7.2
.83
.41
.63
.92
.53
.75
.99
.42
.69
.19
.08
.12
.22
.10
. 15
.20
.10
.17
.22
. 13
.19
.21
.12
.16
.25
.13
.18
.23
.14
.20
.23
.14
.21
.25
.13
.18
.26
.13
.18
.75
.30
.55
.85
.35
.60
.85
. 45
.65
.85
.50
.70
.90
.50
.70
.90
.50
.75
.95
.60
.80
.90
.55
. 75
1.0
.6
.8
1.0
.5
Other durable goods 3
Food and beverages
Textile-mill products
Paper and allied products
Chemicals and allied products
1.23
1.60
1.73
.26
.30
.31
.36
.33
.40
.40
.46
.33
.40
1.15
1.15
1.30
1.30
1.45
1.60
1.65
1.65
1.5
1.6
Petroleum and coal products. 2.49
. 19
.51
Other nondurable goods *
2.64
.23
.64
2.83
.24
.52
.52
.04
.11
.62
.05
.13
.63
.05
.12
.73
.06
.15
.53
.05
. 15
.69
.06
.17
.63
.06
.16
.78
.06
.18
.52
.05
.15
.66
.06
. 14
2.55
2.40
2.45
2. 55
2.55
2.70
2.50
2.80
2.5
2.6
.99
.99
.98
.21
.24
.26
.27
.22
.27
.25
.24
.21
.26
.95
.95
1.00
1.05
1.00
1.05
1.00
.90
1.0
1.0
.92
1.03
.60
.16
.26
.28
.22
.25
.29
.24
.25
.15
.16
.65
1.00
1.30
.85
1.00
1.10
1.00
1.00
.7
.6
Transportation, other than rail - _ 2.02
1.94
1.85
.41
.53
.54
.55
.47
.55
.47
.46
.44
.55
1.70
2.10
2.15
2.15
2.00
2.15
1.90
1.80
1.9
2.1
5.67
5.68
6.22
1.20
1.47
1.48
1.51
1.18
1.42
1.50
1.58
1.16
1.46
5.80
5.80
5.60
5.50
5.75
5.70
5.60
5.70
5.6
5.9
2.67
3.13
,.HO. 81
.67
.66
.75
.71
.80
.77
.85
11.60 11.75 11.65
11.5
10.6
8.21
8.44
(1.88
2.12
2.08
2.12
1.98
2.19
2.13
2.14
32.54 35.68 34.57
6.91
8.32
8.32
8.99
7.89
9.28
8.98
9.53
8.68 30.60 32.50 33.35 33.60 35. 15 36.30 35. 90 35. 50
34.4
33.8
Mining
Railroads
- -
-
Public utilities
Ckniimunications
Commercial and other °
Total
--
[2.73
7.70
2.74 10.35 10.85 11.05 11.20 11.35
i
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 1961. The estimates for the first and second quarters of 1961 havebeen
adjusted when necessary for systematic tendencies in anticipatory data.
3 Includes fabricated metal products, lumber products, furniture and fixtures, instruments, ordnance, and miscellaneous manufactures.
4. Includes apparel and related products, tobacco, leather and leather products, and printing and publishing.
5. Includes trade, service, finance, and construction. Figures for 1961 and seasonally adjusted data also include communications.
XOTE: Details may not add to totals due to rounding. Data for earlier years were published in the June 1956, March 1958, and March 1960 SURVEY OF CURRENT BUSINESS.
Sources: U.S. Department of Commerce, Office of Business Economics, and Securities and Exchange Commission.
SURVEY OF CURRENT BUSINESS
1W>1
Realization of 1960 Programs
Last year's expenditure of $35% billion represented an increase of about 10
percent over 1959, as compared with an
anticipated increase of about 14 percent
reported a year ago. In relative terms
the difference of almost 4 percent was a
little greater than average, gaged b}T the
median experience with the 11 postwar
annual surveys, and amounted to $!}£
billion.
Expenditures of mining companies,
railroads, and commercial firms came
within about 1 percent of their anticipated outlays. The largest relative
deviation, —10 percent, was in the
nonrail transportation group, where the
shortfall was primarily attributable to
the postponement of delivery of some
commercial jets from 1960 to this year.
Public utilities spent about 6 percent
(or $0.4 billion) less than projected, the
electric utilities falling about 5 percent
and the gas companies about 8 percent
below planned outlays. Manufacturers
spent 4 percent (or $0.6 billion) less than
expected, with durable goods firms account ing for the greater part of the
difference.
As pointed out earlier, most of last
year's shortfall came in the second half
of the year; the aggregate for the first
half of 1960 was only 1 percent or $0.4
billion at an annual rate below the
amounts projected in the survey reported last March. Spending in the
second half was much less—$2.2 billion
at an annual rate—than implied in the
initial survey. In durable goods, where
the downturn had its main effect, spending was about $1.2 billion below expectations. There was also a large negative deviation in electric utilities ($0.5
billion) and smaller downward revisions
in nonrail transportation, nondurable
manufacturing, mining, and gas utilities.
15
The high sales projections that were
submitted a year ago may have been
influenced by the fact that sales around
the end of 1959, especially in durable
goods, were showing very sizable gains
over year-ago figures, in large part
because of the inventory rebuilding
that was taking place following the end
Table 5.—Manufacturers' Sales Changes,
1959-60 and 1960-61, and Implied Change
from January 1961 Rate
Percent change
1959-60
Total
Durable goods industries Pri mary i roi an d steel _ .
Primary
nonferrous
metals
Electrical machinery
and equipment
Machinery, except electrical
Stone, clay, and glass
products
Nondurable
goods industries 2
Sales Anticipations
BUSINESSMEN in almost all industries are expecting an improvement
in sales in 1961 over 1960, as may be seen
in table 5. The increases appear rather
small and stand in marked contrast to
the large increases which were projected
for 1960 just a year ago but which fell
considerably short of realization, as
indicated below. The 3-percent rise
projected by manufacturers for 1961
may be compared with an anticipated
rise of 8 percent for 1960; the trade and
utility increases of 4 and 7 percent contrast with projected increases for 1960
of 5 and 9 percent, respectively.
It is instructive to see what kind of
sales changes from the current period
are implied in the 1961 sales projections. It is clear from table 5 that a
considerable improvement in sales is
suggested from current rates. For
manufacturing as a whole sales must
increase to an average monthly rate
that would be 10 percent above January, seasonally adjusted; the required
increase in durables is relatively larger
since durable sales in January were more
depressed compared to 1960 than was
true of nondurables. These changes, of
course, are averages, which probably
imply still higher figures for the latter
part of 1961. In the case of retail trade
the implied increase from January would
be about 6 percent. The extent to which
businessmen take into account the
seasonally adjusted rate of sales prevailing at the time the sales forecast is
made is not generally known.
Last year's sales projections by
broad industry groups proved to be
uniformly too high; the 8 percent expected sales increase from 1959 to 1960
for manufacturing compares with an
actual rise of 2 percent. In nondurables the anticipated gain of 6 percent
may be compared with a realized increase of 3 percent, but in durable
goods the 10 percent projected increase turned out to be a rise of only 1
percent; every major industry showed
a lower figure than expected.
Food and beverages
Textile-mill products. ._
Paper and allied products
Chemicals and allied
products
Petroleum and coal
products
Implied,
January
1961 i to
anticipated
1961
monthly
average
1960anticipated
1961
2 1
3
1 i
2
10
13
-4
-3
25
i
2
10
ti
5
5
4
3
5
1
4
8
3
4
7
3
-1
3
3
3
12
>
4
6
4
8
6
9
3
5
4
1. Seasonally adjusted.
2. Includes industries not shown separately.
Sources: U.S. Department of Commerce, Office of Business
Economics, and Securities and Exchange Commission.
of the steel strike. The abnormal
market conditions that prevailed at
this time may have made a balanced
appraisal of 1960 markets especially
difficult. In this respect it is interesting that steel companies projected a
rise in sales over 1959 of about onefourth and actually experienced a drop
of about 4 percent in dollar shipments.
Last year lower-than-expected sales
were associated with reductions from
planned investment in the case of steel,
nonferrous metals, electrical and nonelectrical machinery, transportation
equipment and stone in the durable
goods industries, and in petroleum and
chemicals in the nondurables. Exceptions to this association, which has
worked out fairly well in past years,
even on a 2-digit industry basis, were
textiles, food, and paper.
BY LILLIAN P. BARNES, GEORGE M. COBREN, AND JOSEPH ROSENTHAL
State and Local Government Activity
The Postwar Experience Related to The National Economy
and local government operations have been one of the major
dynamic features of the U.S. economy
in the postwar period, and currently
continue to give support to the national
output and income. The growth of
general economic activity in turn has
fostered the expansion of these public
services by providing greater fiscal and
financial resources.
State and local expenditures are
expected to continue their rise in 1961,
with purchases of goods and services
reaching a total of $51 billion for the
calendar year, up $3K billion from 1960.
In the fourth quarter of last year, these
purchases were running at the annual
rate of around $49 billion. Receipts
by State and local governments are
likely to rise about $4 billion over
calendar 1960. These governments
have had deficits in recent years, and
these estimates of expenditures and
receipts imply a further deficit of about
$3 billion in calendar 1961.
This article reviews the receipt and
expenditure patterns of State and local
governments within the national income
framework to provide an evaluation of
postwar trends.
The activities of
States are shown separately from those
of local units, so that their respective
contributions may be analyzed and the
important role of intergovernmental
payments brought into focus.
Growth of Services and Capital
Outlays
The expansion of non-Federal government outlays has been at an annual
average of $3 billion in the postwar
period, a trend that continues at the
present time. Goods and services comprise the preponderant portion of these
expenditures and measure the part of
the Nation's output used by these
governments. In 1960, State and local
purchases amounted to more than $47
billion in terms of current prices com16
pared with $15 billion in 1948 and $7
billion in 1929. These outlays currently represent more than 9 percent
of the gross national product, against
7 percent in 1929. This proportion
was much lower in the immediate postwar period, mainly because of wartime
restrictions on nonmilitary construction.
These governments provide many
of the civilian nondefense governmental
services of the community, and expenditures have been closely affected by
the expanding requirements of our
dynamic economy. State and local
STATE AND LOCAL GOVERNMENTS
Purchases of Goods and Services
R e l a t e d to G r o s s National Product
Percent of GNP
151
10
1930
35
40
45
50
55
U. S. Department of Commerce, Office of Business Economics
60
65
61-3-16
purchases have not exhibited the
cyclical swings shown by the total
GNP in the postwar recessions, and
have exercised a moderating influence
in these periods.
Factors affecting
uptrend
Several factors of major importance
have contributed to the expansion.
Backlog demand for public construction, stemming from the curtailments
of depression and war years, has been
a pervasive element, and the problem
of overcoming serious shortages of
facilities is a continuing one.
The Nation's population increased
more than 22 percent in the 12-year
period, 1948-60—in sharp contrast
with the little more than 20 percent
increase in the 19-year period, 1929-48.
The recent changes in selected age
groups of particular significance for
State and local governments have been
even more rapid. From 1948 to I960,
the number of children of school age
(5-17) increased by 50 percent, and
the number of persons 65 years and
over, by 37 percent.
The mobility of the population and
the increased degree of urbanization
have added greatly to the responsibilities of States and localities. The
explosive growth in metropolitan areas
is exemplified by the fact that twothirds of the population increase for
the entire country in the decade
1950-59 occurred in these areas, which
grew from 83% million to 100 million.
Problems of adequately servicing these
vast population centers, which overlap
city, count}", and in some cases State
jurisdictions, have greatly magnified
the traditional lines of expenditures
and added an important array of new
demands. These new and intensified
demands occur in such fields as mass
transportation, basic water supply, air
purification, and sewage disposal.
Finally, in addition to the important
underlying demand factors outlined
here, the upward sweep of expenditures
has also reflected the general rise in
prices and wage costs in the postwar
period.
Rise in public assistance and pensions
In addition to purchases of goods
and services, State and local government expenditures also take the form
of transfer payments (money not
derived from payments for current
economic services) and net interest
charges. Transfers are mainly for
general public assistance which cur-
SUEVEY OF CUERENT BUSINESS
March 1961
rently total $3 billion annually, and
pensions for retired employees of these
governments, which amount to over $1
billion.
Public assistance payments increased
sharply in the great depression and have
subsequently grown under the impetus
provided by the Federal social security
legislation calling for j oint Federal-Statelocal participation in this field. Over
the years, aid programs have been enlarged in scope, average benefit payments have followed rises in the cost
of living, and the numbers requiring
assistance have increased. The great
increase in retirement benefits reflects
the larger number of jurisdictions providing retirement systems, the sharp
increase in State and local employment,
the rise in average earnings to which
retirement pensions are related, and the
increase in the contributory rates. (See
chart on this page.)
Table 1. —Distribution of State and Local
Government Expenditures
Debt service up
States
Total
Interest paid by State and local governments on their growing debt has
increased from $% billion in 1948 to $2
billion in 1960. This has been accompanied by a sharp rise in interest
received by those governments on their
investments in Federal, State, local,
and corporate obligations. Net interest
paid by all State and local governments
has not changed markedly over the
course of the postwar period, but the
interest payments nevertheless represent a substantial outlay for the
STATE AND LOCALGOVERNMENTS taxing authorities, especially the local
TRANSFER PAYMENTS Go Mostly for
governments.
Public Assistance
When State and local government
Billion $
expenditures are looked at separately,
it is also necessary to take into account
intergovernmental payments—principally from States to localities—which
currently constitute 30 percent of the
total expenditures of State governments. These payments are highly significant in the financial structure of the
recipient government, and are discussed
below in the section on how expenditures
are financed.
Broad classes of outlays
-Other
LOCAL
Retirement
Pensions
Public
Assistance -
1929
1948
1960
U. S. Department of Commerce, Office of Business Economic*
583937°-—61
3
61:3-19
17
Table 1 shows the relative importance
of each of the broad classes of expenditure, including intergovernmental payments, in the States and localities
respectively.
Local government purchases of goods
and services currently account for about
two-thirds of combined State and
local purchases, as regularly reported in
the gross national product. As can be
seen from the table these local government purchases constitute nine-tenths
of their expenditures, whereas State
outlays for goods and services represent
only about three-fifths of the State
total.
The unusually high proportion of
transfer payments to total State outlays in 1948 seen in the table is attributable to payment of veterans bonuses
in the early postwar period. These,
of course, have declined to negligible
proportions in later years. Other forms
1929
1948
1960
Percent
Purchases of goods and
services. _ __ _
Transfer payments to Persons.
Net interest paid __ _
Payments to local governments
100 0
loo o
100 0
76.3
3.2
.7
50 1
20.2
— 6
58.6
11.4
—.6
19.8
30.7
30.6
100 0
100 0
100 0
88.5
2.4
8.3
88.3
8.1
2.7
90.7
5.7
2.6
.8
.8
1.0
Local governments
Total
Purchases of goods and
services
_~ __
Transfer payments to persons.
Net interest paid -_
Payments to State governments
Source: U.S. Department of Commerce, Office of Business
Economics.
of transfer payments by both State
and local governments have increased
at about the same rates.
Composition of public services
The distribution of expenditures by
function is shown separately for States
and localities in table 8; 1959 is the
latest year for which detailed data can
be derived. For States, the table shows,
in addition to a breakdown of direct
expenditures, the functional distribution of their payments to local governments. The chart on page 18 indicates
for each major function performed the
relative importance of the direct outlays by States and by local units.
The distribution of functional outlays has remained fairly stable in the
Table 2.—Distribution of State and Local
Government Receipts
1929
1948
1960
Percent
States
100.0
100.0
100. e
91.4
77.1
72.1
1.5
4.8
6.8
.7
4.3
2.0
2.0
15.1
1.0
2.0
17.8
1.4
_
100.0
100.0
100.0
Taxes and nontaxes
Contributions for social insurance
Current surplus of government enterprises—,
Federal grants-in-aid 1
State government payments—
87.9
63.8
63.3
1.4
20
3.1
3.7
.3
6.8
5.3
4.2
24.7
4.9
4.6
24.1
Total _
Taxes and non taxes
Contributions for social insurance
Current surplus of govern> ment enterprises
Federal grants-in-aid
_
Local government paymentsLocal governments
Total.
_ ___
1. Sums paid directly to local units, plus funds channeled
through States.
Source: U.S. Department of Commerce, Office of Business
Economics.
18
SURVEY OF CURRENT BUSINESS
March 1961
advancing from 3 percent of State
outlays in 1929 to one-sixth in 1948.
Other principal elements of contrast
between the 1929 and 1948 patterns
were the rise in veterans benefits and
the decline in highway expenditures.
In the case of local governments,
there was an increasing emphasis on
educational outlays during the postwar
period. The relative importance of
these rose from 36 percent to 42 percent
for the most recent year. In the period
prior to 1948, the change in pattern
was similar to that shown for the States,
with public assistance increasing in
relative importance and street and road
expenditures declining.
The largest component of expenditures—purchases of goods and services—may also be analyzed in terms of
broad object categories: compensation
of general government employees, new
construction put in place, and all other
purchases. (See table 9.)
lent employees), or roughly 1 out of
every 12 workers in the country.
About 40 percent of this number are
engaged in school activities. In the
aggregate, these governments constitute a larger employer than the Federal
Government—including in the latter
both civilian and military personnel;
they employ a working force that is
almost one-third as large as the total
employment in all manufacturing
industries.
Direct payroll costs in the form of
wages and salaries and fringe benefits
make up approximately half of the
total purchases of goods and services by
these units. The total compensation
of the combined jurisdictions in 1960
amounted to over $25 billion (or 8/2
percent) of the total national payroll;
in 1948, it amounted to $8)2 billion and
represented 6 percent of the national
total. (See chart on page 19.)
Both employment and average
earnings have mounted rapidly. The
latter showed a larger percentage rise,
and accounted for more than half of the
total increase in compensation over the
period.
Table 3.—Distribution of State and Local
Government Taxes and Nontaxes
1929
1948
1929
1960
Billions of dollars
1948
1960
Percent
States
Total
18.9 100.0 100.0
100.0
8.7
3.1
19.3
13.2
48.8
15.6
45. 9
16.4
1.6
.6
.4
3.0
1.5
15.8
16.2
7.7
18.0
9.9
8.2
3.6
2.4
15.3
6.1
8.7
3.3
1.9
15.8
8.1
20.3 100. 0 100.0
100.0
2.1
7.6
.4
.3
3.7
1.2
.3
.3
.2
.4
.2
.6
.3
.2
1.2
.5
5.2
7.5
4.3
.0
5.8 15.4
.4
1.1
1
3
.3
.7
9
Sales
Income.
Motor vehicle
licenses
Property
Death and gift
Other taxes
Nontaxes
__ _
Local governments
Total
Property
Sales
Income
All other taxes^___
Nontaxes
.1
83.7
.5
2.5
13 3
77.9
5.3
.7
4.0
19 1
76.1
5.6
1.3
3.4
13.6
NOTE.—Comparable data are available on request for 1940,
1942, 1947, 1949-59.
Source: U.S. Department of Commerce, Office of Business
Economics.
postwar period. At the State level,
the principal shifts that occurred were
in two areas: Highway outlays rose
from less than one-fourth to one-third
of the direct expenditure totals, and
veterans benefits declined from onetenth to less than 1 percent. Public
assistance had increased sharply in
relative importance in the prior period,
Payrolls comprise half of purchases
To provide the services rendered,
State and local governments employ
over 5 million persons (full-time equiva-
Major role of construction
STATE AND LOCAL GOVERNMENTS
Expenditures by Major Categories
Billion $
20
Education and highways account for half of total direct expenditures.
Over four-fifths of educational outlays made by localities.
Almost two-thirds of highway outlays made by States.
15
10
0
19594829
Education
19594829
Highways
19594829
General
Government
U. S. Department of Commerce, Office of Business Economics
19594829
Public Health
and Sanitation
19594829
Public
Assistance
19594829
Civilian
Safety
61-3-17
In addition to being one of the largest
employers of labor, State and local
governments are also a major investor
in capital goods. Collectively, their
construction projects in 1960 represented over one-fifth of new construction put in place for the Nation as a
whole.
The building of new highways and
improvement of existing roads and
streets accounts for almost half of total
State and local construction. Such
highway activity comprises about fourfifths of all State construction, but only
about one-sixth of the local total. The
next largest category is for educational
purposes. This type of construction
rose rapidly after the end of World War
II but has ranged around $2% billion a
year since 1955. Local governments
account for four-fifths. They are also
responsible for much of the remainder,
currently expending about $3 billion
annually for sewer and water improvements, hospitals, and miscellaneous
public building.
Despite the appreciable growth in
construction activity, community needs
SURVEY OF CURRENT BUSINESS
are mounting so much more rapidly that
formidable pressures still persist. It is
in this important area that further
expansion may be most likely, depending in large measure, of course, on
the financial resources that can be
mustered.
In addition to compensation for personal services and construction outlays,
State and local governments expended
over $9K billion in I960, or one-fifth of
total purchases, for equipment, utility
services, and the vast array of other
goods necessary to cany on the general
housekeeping functions of government.
While comprehensive information on
the composition of these purchases is
not at hand, available data indicate
t h a t $1 billion out of the $9% billion
represented outlays for major equipment items, such as motor vehicles,
school and oilice furniture, and the like.
How Expenditures Are
Financed
19
STATE AND LOCAL GOVERNMENT PURCHASES
OF GOODS AND SERVICES, 1960
Relative Composition of State and Local P u r c h a s e s
C o m p a r e d with N a t i o n a l O u t l a y s
Percent"
TOTAL: Employee Pay
and Construction Outlays
Constitute Four- Fifths of
State a n d L o c a l
Purchases
CONSTRUCTION: State
and Local Account
for Over One-Fifth
o f All C o n s t r u c t i o n
Activity
COMPENS ATiON: State and
Local Wage Bill
Now Exceeds
Federal
100 r~
75
50
25
0
U. S. Department of,Commerce, Office of Business Economics
6l-i
Table 4.—Distribution of Direct Expenditures Financed by Receipts from Other
Financing the burgeoning volume of
Governments and from Own Resources
expenditures has posed serious problems for State and local authorities,
19-18
1959
1929
and imposed considerably enlarged tax
Percent financed by—
Percent financed by —
Percentfinancedbyburdens on individuals and other taxpayers. These governments entered
IntergovcrnIntergc vernIntergc vcrn!i
menta. remenu d remenU 1 rethe postwar period with a substantial
ceipts
Own reOwn re- Total
ceil ts
Total
ccip ts
Own re- Total
sources
sources
sources
accumulation of reserves, stemming
Federal Local
Federal Local
Federal Local
from the excess of tax and other receipts over expenditures during warStates
time. In the subsequent period, how- Total direct expenditures _
o
22
100
100
2
76
67
6
31
100
3
91
General government
100
100
100
100
100
100
ever, expenditures soon outstripped the
Health, education and wel2
1
1
20
23
76
fare.
_ _
. ___
100
100
93
100
6
advances in taxes, even though dra2
64
32
60
38
4
100
Public assistance
n.a. n.a.
100
100
n.a.
4
96
Education
_
3
100
n.a.
100
97
100
n.a.
n.a.
matic increases occurred in the major
2
2
22
44
1
100
Commerce and housing
100
76
53
100
10
89
2
42
56
23
2
100
High ways -.
11
75
100
100
87
revenue sources—income, sales, and
Agricultural and natural
84
21
100
15
85
100
16
resources
100
79
property taxes—from 1948 to 1960.
Despite these advances however, State
1959
1948
1929
and local governments have had to rely
Percent financed by —
Percent financed by —
Percent financed byheavily on intergovernmental grants
(including large Federal payments)
IntergovernIntergovernIntergovernmental remental remental reand 011 borrowing.
Own receipts
Total
Own re- Total
ceipts
Own re- Total
ceipts
sources
sources
sources
Along with the marked increases in
Federal State
Federal State
Federal State
taxes in the postwar period, there have
also been appreciable advances in
Local governments
contributions for social insurance and Total direct expenditures- _ . _ 100
22
74
4
4
94
100
25
6
100
71
99
1
1
1
General government
100
100
100
99
99
in the current surplus of government
Health, education and wel25
69
4
25
6
100
100
fare
100
90
71
10
enterprises. Together these account
39
37
24
26
34
Public assistance
100
100
100
40
100
2
34
65
84
33
100
66
100
Education _
16
100
for about one-tenth of total receipts
2
77
1
1
74
25
22
Commerce and housing
100
98
100
100
1
32
38
61
2
68
100
100
Highways
100
98
in 1960. Contributions for social inAgriculture and natural re93
2
1
5
100
100
100
100
97
sources
2
surance—currently $2% billion—finance
retirement and sickness benefits for
NOTE.—Intergovernmental receipts are related to expenditures as defined for national income purposes, and hence the
relationships shown may differ somewhat from those obtained when other budgetary definitions of expenditures
State and local government employees. percentage
are used. See note on source material at end of this article.
These
receipts have increased subSource: U.S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
20
Table 5.—State and Local Governments:
Sources and Uses of Funds
(Billions of dollars)
1948-50 1951-53 1954-56 1957-59
(Average of three fiscal years)
Total Sources
2 2
2 7
4.4
32
-.2
5
-.8
j
8
-1.0
-.7
12
-1.9
-1 6
17
-3.3
2 5
28
5.1
4 8
2.0
2.7
4.0
36
1.6
.5
.2
.5
2.3
.4
.1
1.1
3.1
5
3
1 2
2.4
-. 1
.4
.3
.1
.3
.4
.2
8
4
1.3
.5
than one-third of the combined tax
total, and according to Census historical data, the State proportion was less
than one-fifth around the turn of the
century. Although similar in total,
State, and local taxes are drawn from
quite different tax sources.
other than real estate) and death and
gift taxes, such diverse revenue sources
as gross receipts taxes, licenses, permits,
and severance taxes which are not
separately classified.
State tax revenues have increased
substantially in the postwar period,
reflecting the upsurge of incomes and
consumer spending. These increases
in the tax base were insufficient in
themselves to produce the additional
revenues necessary to cover requirements and tax rates were increased and
new revenue sources sought.
Despite the continued efforts of
State legislatures to tap new revenue
sources, and to increase the yield of
existing ones, the overall composition
of taxes has shown little change over
the period since 1948. As compared
with 1929, the current distribution
shows a heavier reliance on sales taxes,
and personal income taxes, while property, motor vehicle, and death and
gift taxes have declined somewhat in
relative importance. (See following
chart.)
4
Surplus or deficit (— on
income and product
account- _ _
Pension funds
General and other funds _
Borrowing
Total Uses
Financial assets _ .
Demand deposits ...
Time deposits
U.S. Treasury securities
Corporate and other
securities .. _
State and local securities _
Purchases of land and
existing structures, net...
Errors and omissions
Addendum:
New construction and
equipment _
_ __
.3
.4
.8
1.2
.2
.0
.4
-.4
5.1
7.4
10.0
12.8
Sources: U.S. Federal Deposit Insurance Corporation;
[J.S. Treasury Department; U.S. Department of Commerce,
Bureau of the Census, and Office of Business Economics.
Three-year averages have been used to help overcome problems of timing arising from the diverse source materials used.
stantially over the years. The current
surplus of government owned enterprises has been a fairly stable proportion of total receipts. A major portion
of this surplus, about three-fourths in
I960, is derived from the utility-type
enterprises owned by local governments.
Taxes rise., but proportion of receipts
declines
The relative importance of tax and
related revenues (nontaxes *) in State
financing declined in the postwar period—from 77 percent in 1948 to 72
percent in 1960—primarily as a result
of a further stepup in Federal grants.
For localities the proportion of taxes
and related revenues has remained
stable at about two-thirds of the receipts total. In 1929 these proportions
were much higher for both State and
local governments, as intergovernmental financing was much less extensive
in that year. (See table 2.)
In aggregate, the revenues derived
from taxes and non taxes have been
about equally divided between State
and local units during the postwar
period. In 1929 States received less
1. Taxes are distinguished from non taxes in that the former
are compulsory payments to finance public needs, while
the latter are payments made by recipients of specific goods
and services provided by general government, such as tuition
payments to State universities, fees charged by government
hospitals, rents, royalties, fines, and penalties.
March
Pattern of State taxes
Sales taxes provided almost half of
the $19 billion State total in 1960—
roughly the same proportion as in 1948.
(See table 3.) The revenue from
general sales taxes amounted to about
$4 billion in 1960, gasoline taxes contributed an additional $3 billion, and
the balance, $1% billion, was divided
between liquor and tobacco taxes.
The next three largest tax revenue
producers—personal income tax, motor
vehicle licenses, and corporation profits
taxes—each produced between 7 and
10 percent of the State tax total. The
remainder of the tax receipts'—about
20 percent-—includes, in addition to
property taxes (principally property
STATE AND LOCAL GOVERNMENTS:
Patterns of Receipts
STATE
Soles t a x e s and Federal aid have increased in importance since 1929
fn p o s t w a r p e r i o d about half of receipts d e r i v e d from sales
and income t a x e s
Intergovernmental payments
Sales taxes
Nontaxes and government
enterprise
surplus
Property taxes
LOCAL
Dependence on property tax has decreased since 1929
Federal and State aid have increased
1929
U. S, Department of Commerce, Office of Business Economics
1948*
1960
SURVEY OF CURRENT BUSINESS
March 1001
Table 6.—Gross Operating Revenue and
Expenditures of Government Enterprises
(Billions of dollars)
1929
1948
1960
State enterprises:
Gross operating revenue
Gross operating expenditures.
Current surplus
00
.0
o
11
.9
2
19
1.4
5
5
.3
.2
19
1.3
.6
4 3
2.7
1.6
Local enterprises:
Gross operating revenue
Gross operating expenditures.
Current surplus _ _ _
Sources: U.S. Department of Commerce, Bureau of the
Census, and Office of Business Economics
Pattern of local taxes
Local government tax receipts are
much more concentrated, with continued heavy reliance on property
taxes. In I960, property taxes alone
accounted for three-fourths of total tax
and nontax receipts with the next
largest tax source—sales taxes—contributing less than 6 percent, and all
other taxes together 5 percent. Nontaxes at the local level are a significant
revenue source, providing almost 14
percent of the total. These are comprised
of such items as special assessments for
property improvement, hospital, tuition,
recording fees, and sanitation charges.
Real property taxes are levied almost
exclusively by local governments, and
in 1929 virtually all local taxes were
derived from this source. Under pressures for additional tax revenue, some
localities had by 1948 begun to levy
sales and income taxes. The relative
importance of these revenues, 5 percent
and 1 percent respectively, has not
changed over the course of the postwar
period, with the result that the 1948
and 1960 compositions of tax and nontax receipts are virtually the same.
As compared with 1929, State tax
receipts have risen more rapidly than
those of local units, which is in line
with the traditional view that tax
receipts from real estate will lag
behind other revenue sources more
closely attuned to changing levels of
economic activity. In the postwar
period, however, local taxes have kept
pace with those of the States, and this
is mainly attributable to the tremendous growth in urban and suburban
areas which have brought into the real
estate base a large volume of high
value property, and to advancing tax
rates.
Major role of intergovernmental
assistance
Intergovernmental assistance2 covered about one-third of the total direct
outlays of State governments, and
about one-fourth of the local outlays in
1959, the last year for which detailed
information is available.
This is shown by the chart on this page
which also brings out that on
balance localities were the only
net recipients of intergovernmental
assistance, because for States intergovernmental payments exceeded intergovernmental receipts.
Table 4 summarizes separately for
State and local governments the proportions of the outlays for various types of
broad functions financed by intergovernmental assistance. It also shows
for each of these functions the residual
covered from the resources of the jurisdictions making the outlays—taxes and
related receipts and borrowing.
As important as these payments are
in relation to total outlays, their major
role in financing particular functions is
even more striking. In the case of the
States, assistance from the Federal
Government provides three-fifths of
the outlays for public assistance, and
more than half of the highway total.
For local governments, intergovernmental payments cover one-third of
education outlays—the largest component in the local budget—three-fifths
of the public assistance outlays, and
about two-fifths of the expenditures
for roads and streets.
Development of Federal aid
Largely due to social security
grants, the relationship of Federal
assistance to total State and local
receipts rose from \% percent in 1929
to Sy2 percent at the outbreak of World
War II. By 1948 total Federal grants
had risen to $2 billion, with public
2. This assistance can take the form of grants or of a sharing
of specific revenues by the collecting government with its
political subdivisions. Partly due to the difficulties involved in many cases in specifying the geographic origin of
the revenue to be shared, and partly because of the desire to
recognize the varying needs of different localities, shared
taxes have tended to shade imperceptibly into outright
grants. The Census of Governments does not find it practicable to maintain the distinction on an aggregate basis, and
this review follows their practice in combining the two in
intergovernmental payments.
21
assistance programs accounting for 50
percent of the total.
Support for highway improvement,
which had dropped off during the war
years with the curtailment of construction, accounted for one-fifth of the 1948
grant total. Highway aid rose steadily
in the years immediately following, and
spurted sharply after 1956 with the
initiation of the interstate highway
program. In the period 1956-60, the
Federal Government has made available to the States a total of more than
$9K billion for highway purposes. Five
billion dollars went to finance the new
interstate system and $4% billion was
expended to support the longstanding
primary and secondary highway and
road programs.
The Federal Government has also
extended assistance for a wide array of
other activities. The combined outlays
for all of these purposes amounted to
$% billion in 1948, and are currently
about $1 billion higher. The principal
advances have occurred in grants for
INTERGOVERNMENTAL FLOWS
S t a t e R e c e i p t s From Other
G o v e r n m e n t s Have Risen And These
C u r r e n t l y Are Used to F i n a n c e About
T h i r t y Percent of State O u t l a y s
Perce nt of outlays
30
^vi*>ffiXX^
Local -»
20
Federal -»
10
n
[^
I
For Local G o v e r n m e n t s , R e c e i p t s From
A l l Other G o v e r n m e n t s C o n s t i t u t e
About One-Fourth.of Their Expenditures
Percent of outlays
30
Federal
20
State
10
State P a y m e n t s to Localities Have
E x c e e d e d F e d e r a l G r a n t s to S t a t e s
Billion Dollars
Payments
to localities
1929
•,
Receipts
1948
1960
Includes small amounts of local payments to States
U. S, Department of Commerce, Office t>f Business Economics
SUEVEY OF CURRENT BUSINESS
22
school operation and construction in
federally affected areas, defense educational activities, public health services,
employment security administration,
and atomic energy research.
State help to localities
State governments have recognized
from the outset their need to assist local
governments in providing public education, and education has remained up to
t h e present time the dominating portion
of State assistance to localities.
State highway aid developed later as
the need arose for arterial highway
systems going beyond the borders of
local jurisdictions, with the recognition
by the States that these responsibilities
were beyond the scope of the local
units.
Public assistance is the third major
local function receiving State support,
and like its Federal counterpart, State
assistance shot up during the depression
period as States came to the aid of hardpressed localities. As an outgrowth of
the Federal social security legislation,
FISCAL POSITION OF STATE AND
LOCAL GOVERNMENTS
F o r Most o f t h e P o s t w a r Y e a r s
States have s h o w n Surpluses
on Income and P r o d u c t Basis
Billion Dollars
30
STATE
but Locai G o v e r n m e n t s show
D e f i c i t s in all y e a r s
10
1948 50
52
54
56
58
60
62
U. S. Deportment of Commerce, Office of Business Economics
64
6I-3-22
States have also instituted continuing
programs of local welfare assistance.
State payments to localities havealso supported a host of additional programs which are individually rather
small, and in total have amounted to
about SK billion a year, registering little
change in the aggregate since 1948.
Debt up threefold since 1948
The growing deficits in State and local fiscal operations reflect in considerable measure the expanding volume
of construction and related equipment
expenditures which are debt-financed
to a large degree. In contrast to the
war period when this type of expenditure was sharply curtailed and States
and localities were able to reduce their
outstanding indebtedness, the 1948-60
period has witnessed a more than threefold expansion in both the volume of
heavy capital outlays and of debt. The
latter lias risen from $18% billion in
1948 to $67 billion in 1960, with local
governments accounting for about threeI'ourths of the borrowing. The total
debt increased at an annual average rate
of $2}^ billion in the first half of this
period, and lias been advancing at a
rate of $5 billion a year in the latter
half.
In recent years the annual gross volume of bonds issued exceeded the
publicly offered bond issues of all U.S.
corporations, and was second only to
that of the U.S. Treasury. The scale
of those operations has expanded the
specialized market for State and local
obligations, facilitating the flotation of
new issues, and the purchases and sales
of existing ones. Investors have been
drawn increasingly into this market
because the interest income is exempt
from Federal income taxation.
The largest proportion of the new
bond issues in the past several years
has been raised for school construction;
three-tenths of the borrowing last year
was for this purpose. Funds for water,
sewer, and other utilities have been
second, and for roads and bridges, third.
Borrowing for highways was of greater
importance earlier in the 1950's, when
toll road construction was advancing
at a rapid rate; this type of construction, however, lias dwindled with the
introduction of the interstate highway
grant program.
March 19P.1
Table
7,—State and Local Government
Receipts and Expenditures
(Millions of dollars)
1929
1948
1953
1957
1960
State government receipts
2,350 9,871 14,817 21,243 26,200
"Faxes and nontaxes
2,148 7,614 11,491 15,874 18,900
Contributions for so941 1, 464 1. 800
473
cial insurance --_ _
36
Current surplus of
government enter440
500
194
292
prises '
16
Federal grants-in-aid_ _
102 1,493 1, 902 3,038! 4,600
Local
government
427:
400
191
48
97
payments State government expenditures
Purchases of goods and
services
Transfer payments to
persons - _
Vet interest paid
Interest paid
Less: Interest received
Payments to local governments
Surplus or deficit
( — ) on income
and product account
2,028 9,576 14, 225 20, 574 ! 25,300
1 547 4.7W 7,645 11,922 14,800
65 1, 932 1,995
14 -61 -128
98
93
178
2, 459; 2. 900
— 157: —100
374;
500
306
531!
700
402 2,910 4,713
6,350;
7.700
592
669
84
154
i
322
295
900
I
Local government re5, 903 11,770 18, 768 26,016 32,100
ceipts
5,187 7, 509 11,747 16, 396 20, 300
Taxes and nontaxes
Contributions for so817: 1,000
418
236
cial insurance
83
Current surplus of
government enter622
216
981 1,405 1,600
prises i
493
909 1,048' 1,500
Federal grants-in-aid_ 15
State
government
402 2, 910 4.713 6, 350 7, 700
payments
Local government expenditures
Purchases of goods
and services
Transfer payments to
1 jpj'sons
Net interest paid
Interest paid
Less: Interest reeeived
Payments to state go vernments
Surplus or deficit
( — ) on income
and product account
G, 353 11,814 19, 088 27,686 35,800
5, 624 10, 435 17, 221 24,903, 32,500
1,660 2,000
696
900
1,025! 1.500
153
528
675
958 1,223
324
453
63C
457
147
133
183
32* i
500
48
97
191
427 1
400
I
-450
-44 -320 -1,670' -3, 800
1. The treatment of this item diiYers from that in the regularly published national income account table in that it is
classified here as a receipt rather than as a negative expenditure.
NOTE.—Comparable data are available on request for
1940, 1942, 1947, 1949-52, 1954-56, 1958, and 1959.
Source: U.S. Department of Commerce, Office of Business
Economics.
The carrying charges of the expanded
volume of debt are a combination of
interest and debt amortization. The interest paid has risen from $}2 billion
in 1948, to $2 billion last year, reflecting
advances in interest rates as well as in
the volume of debt. Data on amortizations are not separately available, but
indirect measures of debt retirements
suggest that the proportion of interest
paid and amortization to total State
and local receipts has shown little
change from 1948 to 1960. The future
needs for construction imply that
borrowing on a substantial scale will
continue, unless tax revenues and intergovernmental payments can be increased sufficiently to bridge the gap.
A further expansion of debt, however,
SUEVEY OF CUEEENT BUSINESS
March 1961
is subject to difficulties arising from
legal limitations on State and local
authorities to incur debt, and voters7
approval where required.
The State and local government
deficit on income and product account
is not equivalent to the change in outstanding debt, mainly because the receipts and expenditures on which it is
based exclude changes in financial
assets and land transactions. Moreover, it should be noted that the deficit
is a consolidated figure which includes
the operations of the important pension
trust funds. Since these funds operate
at a surplus, the deficit resulting from
all other government activities is ap-
preciably greater than that indicated
by the consolidated deficit. This larger
deficit for all activities excluding the
pension trust funds may be a better
indicator of financial pressures, because
trust fund surpluses finance government operations only to the extent that
they are invested in State and local
obligations. The State pension fund
surpluses are particularly important,
and are largely responsible for the
overall surplus on income and product
account that is shown for State governments in table 7 and the chart on
page 22.
Table 5 shows the relationships
among the deficit, borrowing, and the
23
changes in financial and other assets
involved. As can be seen, along with
increased borrowing States and localities have also increased their holdings
of financial assets. This is attributable
to several factors. The accumulated
surpluses of pension and other trust
funds are invested in this type of asset.
Additionally, the flotations of bond
issues generally precede the expenditure
of the funds raised so that these
governments have on hand at any given
time a considerable volume of unexpended sums which are held on deposit
or invested in income-producing securities. Finally, liquid balances have
necessarily increased as a consequence
Table 8.—State and Local Expenditures by Type of Function
(Millions of dollars)
1948
1959
State
Local
For own purpose
Total
Total
General government
General administration
General property and records management
Central personnel management and
employment costs
Net interest paid
_
_
Other
Payments
to local
governments
Total
6,666
4,795
1,871
'11,814
10, 435
1,282
23, 890
7,162
16, 728
14, 116
5
605
514
91
1,564
1, 066
498
2,066
9
2,057
1,441
298
5
293
293
613
613
634
9
625
625
105
105
105
1,383
-155
99
1 383
612
— 155
99
99
20
20
20
319
—61
34
319
-61
167
34:
34
1,863
3,183
2,146
770
26
744
744
Education
Elementary and secondary
Higher
Other
_
Public assistance and relief
2,361
n.a.
n.a.
n.a.
1,498
1,415
n.a.
n.a.
n.a.
390
946
742
70
134
1,108
930
742
70
118
87
264
n.a.
32
n.a.
232
73
232
73
n.a.
153
n.a.
159
153
159
153
759
16
493
1,749
1,749
107
107
1,641
1,641
1,641
1,641
Veterans' services and benefits
Commerce and housing
Regulation of commerce and finance.
Transportation
Highways
AVater and air
Housing and community redevelopment
Public utilities
Transit
Electricity
Water and gas
Other
Conservation of agricultural resources
Conservation and recreational use of
natural resources
National defense and atomic energy
Other unallocated
759
2,242
107
2,121
2,119
2
480
478
2
13
13
1
1
1
204
204
204
136
30
136
30
140
30
545
4
545
139
139
441
324
47
267
7,494
6,710
1,225
1,225
4, 196
4,053
49
94
1,006
4, 187
4, 053
49
85
231
1,066
578
405
83
1
1,960
152
-61
1,037
16
16
1,021
Source: U.S. Department of Commerce, Office of Business Economics.
174
324
47
29, 768
2,805
4,313
2,932
1,381
1,384
1,384
616
419
419
771
-155
1, 539
842
129
1,000
129
5,375
7,704
5,737
1,967
21,745
20,321
303
1.882
1,873
9
3,391
3, 391
7,260
11. a.
n.a.
n.a.
2, 691
4,576
n.a.
n.a.
n.a.
482
2. 684
309
2.057
318
2,209
2, 612
308
2, 057
247
323
72 13, 718
1 13, 334
98
286
71
1,995
1.886
13,713
13, 334
98
281
576
1,066
578
405
83
1
641
n.a.
14
n.a.
627
233
627
233
n.a.
302
n.a.
394
302
394
302
2,640
1,516
947
177
1
2,640
1,516
947
177
1
42
19
1,960
7,013
1,226
5,787
5,787
5,532
5,532
250
250
326
326
5, 535
5, 482
53
5, 535
5, 482
53
3,396
3,129
267
3,396
3,129
267
258
258
1.485
146
558
781
67
1,485
146
558
781
67
9
9
775
250
1
2,612 i 32, 937
2, 185
784
42
1,482
1,482
6,735
6, 6G9
66
1,200
1,187
13
118
118
26
26
360
54
121
185
360
54
121
185
1,482
1,482
Total
Transfer
Purpaychases
ments
of goods and net
and
interest
services
paid
13, 079
743
385
385
411
314
1. Includes local payments to State governments which cannot be allocated by function.
n.a.—Not available.
NoTE.-Comparable data are available on request for 1929, 1940, 1942, 1950,1952-58.
Total
PurTransfer
chases
payof goods ments
and
and net
services interest
paid
2,910
5,046
__
Total
Payments
to local
governments
610
Public health and sanitation
Civilian safety
Police
_ _
Fire
Prisons
Labor and manpower
Purpaychases
ments
of goods and net
and
interest
services
paid
9,576
Health, education, and welfare
_ _
For own purpose
Transfer
Pur- Transfer
chases
payTotal
of goods ments
and net
and
services interest
paid
Local
State
2
2
2
396
396
390
532
210
532
210
550
210
534
18
534
23
6
Amounts, in millions of dollars, a? follows- 1948, $97; 1959, $364.
133
133
824
26
J
364
824
2G
539
842
1,424
5
5
1,419
24
of the greatly enlarged scale of government operations.
Eesponding to the greater yields to
be obtained, shifts have occurred away
from demand to time deposits, and
from U.S. Treasury to corporate securities. The volume of investment by
State and local agencies in their own
obligations has shown little change.
Government enterprises expand
State and local government enterprise operations are to a large degree
self-supporting and essentially of a
commercial nature. As a consequence,
their sales and purchases for current
operations are consolidated in the
national income accounts with the
business rather than the government
sector. Investment by these enterprises in capital equipment and new
construction, however, is included as
part of general government purchases
of goods and services, net interest
charges are consolidated with general
government interest, and the current
operating surplus has been treated as
a component of government receipts.
This treatment results in a correct
statement of the current surplus or
deficit for all government operations—
including those of government enterprises—consistent with the definitions
of saving in other parts of the economy
as recorded in the national income and
product framework. (See 1954 National Income supplement to the
SURVEY, p. 49.)
Local enterprise activity accounts for
more than two-thirds of the combined
State and local enterprise operations,
as seen in table 6. Operations of city
public utility systems—water, electricity, transportation and gas—make
up three-fourths of the local total.
Municipally owned water supply systems are far more important than
private companies in this area. Munic-
SUEVEY OF CUEEENT BUSINESS
ipal electric supply systems exceed in
number those privately owned, although
the amount of power produced by these
public systems is only a small fraction
of the total U.S. output of electricity.
Other operations of local enterprises
include airports which have expanded
tremendously in the postwar period,
terminals, port facilities, and housing
developments.
The major commercial activity of the
State governments centers in the operation of liquor stores; 16 States maintain
such liquor monopolies. The sharp rise
Table 9.—Object Breakdown of State and
Local Government Purchases of Goods
and Services
[Millions of dollars]
1929
State government purchases of goods and
services
Compensation of employees ..
Wages and salaries
Public education
Nonscliool
Supplements to wages
and salaries. .
New construction _
Highways.Educational
Hospital and institutional
Allother
O ther purchases
Equipment
Other
Local government purchases of goods and
services
Compensation of employees.. _
W ages and salaries
Public education
Nonschool
Supplements to wages
and salaries
New construction
Highways
Educational
Hospital and institutional
Sewer
Water
All other _
Other purchases
Equipment
Other
1948
1953
1957
1960
1,547 4,795 7,645 11,922 14,800
561 2,208 3,624 5,395 6,900
543 2,066 3,292 4,851 6,300
907 1,408 1,800
554
150
393 1,512 2, 385 3,443 4,400
18
142
332
544
600
679 1,466 2,606 4,724 5,900
540 1,142 2,147 3,784 n.a.
105
153
501 n.a.
51
38
50
76
143
182
124
179
260
n.a.
n.a.
307 1,121 1,415 1,803 2,100
123
164
259 n.a.
n.a.
n.a.
998 1,251 1,544 n.a.
5,624 10,435 17,221 24,903 32,500
2,895
2,825
1,413
1,412
6,294
6,061
3, 045
3,016
9,622
9,202
4,832
4,370
70
233
420
14, 129
13, 223
7,284
5,939
18,200
17, 100
9,900
7,200
906 1,200
1,652 2,174 4,637 6,302
593
991
715
955
338
510 1,552 2,316
6,700
n.a.
n.a.
49
117
130
781
300
520
235 363
563
487 1,130 1,521
n.a.
900
600
n.a.
58
127
126
288
1,077 1,967
2,962 4,472 7,500
298
455
781 n.a.
n.a.
n.a. 1,669 2,507 3,691 n.a.
NOTE.—Comparable data are available on request for
1940, 1942, 1947, 1949-52, 1954-56, 1958, and 1959.
n.a.—Not available.
Source: U.S. Department of Commerce, Office of Business
Economics.
March 1961
in State enterprise activity from 1929
to 1948 as seen in the table is attributable to the repeal of prohibition, and
the introduction of liquor monopolies
Toll road revenues have increased in
importance in the past decade, and
currently account for about one-sixth
of the State enterprise total.
Note on source material
The expenditure, receipt, and related
data in this review cover the operations
of general government, government enterprises, and trust funds. The basic
statistical materials come from the
Census oj Governments and other compilations of the Governments Division
of the Bureau of the Census. The data
in these Census reports follow conventional fiscal and budgetary accounting
systems. Modification and regrouping
of many of the component items are
necessary to integrate this body of data
with the other components of the
national income and product and thus
render them more useful for economic
analysis in this frame of reference.
In summary, these adjustments require conversion of fiscal year Census
figures to a calendar year basis, recording of taxes on an accrual rather than a
cash collection basis, and omission of
net purchases of land and existing
structures. The largest quantitative
modification of Census data occurs as
the result of the different treatment of
government enterprises, which are
treated here on a net rather than gross
basis. Finally, unemployment compensation fund operations are shown
in the national accounts as part of
Federal rather than State and local
government. Statistical reconciliations
on a fiscal year basis between the Census
and national account data are regularly
published in the annual detailed national income and product reviews.
Alaska and Hawaii are excluded.
BUSINESS STATISTICS
WlontU.
_l 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 ail 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 tiirough 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1980
January
Febru-
March
ary
April
May
June
1961
July
DecemOctober NovemAugust September
ber
ber
January
February
GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT f
Seasonally adjusted quarterly totals at annual rates: t
National income, total
-bil. of dol
414 4
419 4
419 3
do
do
do
do _
do ___
do
290 2
268. 7
222.1
99
36. 7
21.5
295 0
273. 1
225. 5
10 0
37.6
21.9
297 2
Proprietors' income, total d"
do
Business and professional^
do _ _ _
Farm
__
- _ - _ _ do
Rental income of persons
do
Corporate profits and inventory valuation adjustment, total
bil. of dol
Corporate profits before tax, total
do - _
Corporate profits tax liability
_ __do__ _
Corporate profits after tax ___do
Inventory valuation adjustment
do
46.0
35.4
10.6
12.5
48.0
48.8
23.8
25.0
Compensation of employees, total
Wages and salaries, total
Private
- _ _ _
Military
_. _.
Government civilian
_.
Supplements to wages and salaries
Net interest
Gross national product, total
Net exports of goods and services
48 3
36. 1
12 2
12.5
48
35
12
1?
8
9
8
5
45 3
45 7
22.3
23 4
— .4
42 2
41 5
20.3
21 3
18.5
19.1
19 4
do
501.3
505.0
503 5
503 5
323.3
329.0
328.3
330.8
do
_do
do. _
do
—
-
44.2
150.5
128. 6
44.5
153.5
130.9
42 7
152 7
132 9
43 2
152 9
134 7
79.3
40.8
27.1
11.4
75.5
40.7
29.5
5.3
70 8
40 5
29 7
6
66
40
°8
3
1.2
23.9
2.0
26. 4
24.4
3.7
27.3
23.5
4.6
27.0
22 4
97.5
51.8
44.9
45.7
98.6
51.7
44 7
46 9
100.7
52 7
45 1
48 0
102 1
53 3
45 7
48 8
do
_ _ do._
do
396.2
404.2
347.0
50.0
354. 1
408 0
50.5
408 5
50 4
358.1
__do
23.7
25.2
do. __
Personal saving§
48 1
36.0
12 1
12.5
17.8
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
Personal income, total
Less: Personal tax and nontax payments
Equals: Disposable personal income
9
2
6
3
3
0
do
Personal consumption expenditures, total
do
Durable goods___
_ _ _ do
Nondurable goods
do
Services
---do
Gross private domestic investment, total
New construction
__
Producers' durable equipment
Change in business inventories
0
10 1
38.8
22.3
2Q5
273
223
10
39
22
274.9
226.0
49.2
357.5
0
3
7
0
27 2
GNP in constant (1954) dollars
Gross national product, total
bil. of dol
440.5
442.2
438.0
437 0
Personal consumption expenditures, total.. _ do
Durable goods.
___ __ __ ___ __ do
Nondurable goods
do
Services
_
do__
294.8
298.3
41 9
143.2
113.3
296 9
40 2
142.3
114 4
297 6
41 2
141.3
115 2
41.8
141.1
112.0
Gross private domestic investment, total
New construction
_
Producers' durable equipment
Change in business inventories
do
do
do
do
66.2
34.0
22 4
9^8
62.8
33 8
24.2
4.8
58 6
33 6
24.4
6
54 9
3^ 5
23.8
—2 4
Net exports of goods and services
do
-.1
.7
2 2
3 4
79.6
41.8
37.8
80.3
41.8
38.6
80 3
41.2
39.1
81 1
41.4
39.7
Government purchases of goods and services, total
bil. of dol. .
Federal
__
do
r Revised.
fRevised series. Estimates of national income and product and personal income have been revised back to 1957; revisions prior to the 2d quarter 1959 (and prior to May 1959
for personal income) appear on pp. 8 ff. of the July 1960 SURVEY.
^Includes inventory valuation adjustment.
9 Government sales are not deducted.
§Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.
583937°—61-
S-l
SUEVEY OF CURRENT BUSINESS
3-2
March 19IJ1
1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
February
January
March
April
May
1961
DecemOctober NovemAugust Septemberber
ber
July
| June
January
February
GENERAL BUSINESS INDICATORS—Continued
PERSONAL INCOME, BY SOURCE*
Seasonally adjusted, at annual rates: t
Total personal income
395. 7
_-bil. of dol_
AVage and salrry disbursements total
do
Commodity-producing industries, total
do .
Manufacturing only
- - ..do. _ .
Distributive industries
do
Service industries
do. _
Government
do
Other labor income
do
Proprietors' income:
Business and professional
do
Farm
...
-io
Dividends
do
Personal interest income
'Io
Transfer payments
do
Less personal contributions for social Insur.-.do
397. 0
401.9
404. 7
406. 1
407. 3
408. 2
408. 8
409.7
409.0
406. 9
268 2
112.6
89.4
69. 9
39.4
46. 3
10. 6
268. 6
111.9
89.0
70.3
39. 8
46. 5
10.7
269. 3
111.6
88.8
70. 8
40.0
46. 9
10.8
271.7
112.1
88. 6
71.8
40. 5
47.3
10. 8
273. 6
113.3
89. 5
72.0
40.7
47. 6
10.9
274. 0
112.9
89.2
72.2
41.1
47.8
11.0
275. 1
112. 8
88.7
72.4
41.3
48.5
11.1
275. 1
111.5
87.7
72.9
41.6
49.0
11.2
275. 0
111.2
87.5
72.7
41.9
49.2
11.2
274.8
110.9
87.2
72.5
42.0
49.4
11.3
273.6
109. 5
86. 2
72.5
42.0
49.6
11.1
271.4
107.3
84. 6
72.3
42.0
49.8
11.0
nl
35.5
10.4
35. 4
10.1
35. 7
11.7
36. 0
12.1
36. 2
12.5
36.2
12.0
36. 1
12.2
36.1
12.2
36.1
12.6
35.9
12.9
35.7
12.9
35. 5
12. 9
35. 4
13. 0
19 r,
13.9
25.5
13.9
26 2
2S 6
b! 2
12 5
13. 9
26. 5
28.4
9.3
13.9
26. 8
28. 5
9. 3
13.9
27. 1
28. 7
9. 3
12.5
14.0
27.4
29.1
9.4
12.5
14.0
27. 5
29.7
9.3
12.5
14.1
27.6
30.0
9.3
12.5
14.1
27.6
30.5
9.2
12.5
14.0
9. 1
1? 5
13. 9
25 9
2X3
9.2
19 5
13 9
25.2
12.5
14.0
27. 7
3LO
r
9. 4
12.5
13. 9
27.7
31.2
9.3
3m 9
382 7
385 9
38S 3
389. 3 1
391. 1
391.8
392. 4
393.0
392.1
390. 1
r
8. 98
r
1r
7. 70
3. 62
1. 80
1.81
r
4. 01
r
1 . 95
T 2. 06
r
r
3.01
1.4(1
1 . (51)
3.50
1. 66
1.84
r
T
r
. Io ;
r.-U i
1. 16 j
. 16
.55
1.46
i r 34.4 :
?33. 8
9 2
2*n 2 !
NEW PLANT AND EOUFPMENT
EXPENDITURES
r
395.7
406. 6
405. 9
' r 107! 2
84. 4
r 72. 1
42. 1
50. 0
11.0
270. 5
106.2
83.9
72.0
42. 1
50.2
10.9
9.' 2
389. 8
389. 0
!
i
Unadjusted quarterly totals:
_
Manufacturing;
Durable snoods industries
j
do
no
7.89
9 28
3.09
U;--
1. ao
1 88
9. 53
r
2
8. 68
I
Mniirip-
n<^
Railroads
do
P 11
.
,
:)
r •>
rlr
fi
-
-
1
f T t' ~ '
p
!--
-
''
do
- ^
Railroads
do
Public utilities
. 25
.24
. 47
1 50
2.91
f)
• ^°
\)
|
i 40
1. 18
2.68
•
Seasonally adjusted quarterly totals at annual11 rates: \
\]i industries
b of dol ' Alarufacturing
iir<.n.ie ?-, i. u uu, 1,1 t. ..- --
-22
- - -- ]
9
f)f;
1. 58
' 2. 99
|
--
i~ - - -
—
;
!-_-__
- .-
do
35. 15
36 30
14. 10
7 15
6 95
14.70 L.
1.00
1.00
2 00 .
5. 75
11.35 |
35. 90
1 L 65
7 '-]•")
7 30
!
7 40 i
7 3n
1 05
9 1 ,-,
!
5 70
11.60 __ _ _ _
r 13.8
13.6
r 6. 85
1.00
1. 00
1. 90
o. 60
11. 75
1. ]() 1
_
r 1 4, 40
r 11.65
1.0
.7
1. 9
5. {•;
Ml. 5
r 1 ' I }{)
r
1. SO
5. 70
r
r
i
!
'
i
1.0
.6
2.1
5. 9
10.6
FARM INCOME AND MARKETINGS:?
Cash receipts from farming, including Government
payments, total
- mil, of do!
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
0
Indexes of cash receipts from marketing and CCC
loans, unadjusted:
All commodities
1947 49—100
Crops
do
Livestock and products
do
Indexes of volume of farm marketings, unadjusted:
\llcommodities
1947-49=100
Crops
do _ _
Livestock and products
do .
2, 747
2, 093
2,169
2,211
2,316
2, 509
2. 754
3, 023
3,. 390
4,300
3, 768
3. 159
3,111
2. 696
1,246
1.450
381
834
208
2, 059
689
1. 370
368
776
200
2. 150
583
1, 567
406
906
236
2, 199
675
1, 524
399
824
268
2,298
672
1, 626
431
894
265
2, 464
905
1, 559
413
875
246
2. 687
l! 451
399
779
256
2,991
1,413
1, 578
384
911
268
3, 368
1, 730
1, 638
378
955
290
4. 000
2,170
1,830
394
1,077
335
3, 712
1,991
1,721
380
990
326
3, 121
1. 530
1. 591
403
861
297
3.065 i
1.43X !
1.627 1
40S
93 S
247
111
116
106
85
64
101
88
54
115
90
63
112
94
63
119
101
84
114
110
115
106
123
132
116
138
161
120
164
202
134
152
186
126
128
143
117
126
134
119
131
134
128
100
74
120
98
53
131
98
59
128
104
58
138
116
90
135
128
132
126
143
149
138
157
177
142
189
233
155
172
210
144
143
158
131
143
160
131
INDUSTRIAL PRODUCTION f
Revised Federal Peserve Index of Quantity Output
Unadjusted, total index (including utilities) t
1957
By industry:
Manufacturing, total
Durable manufactures
Nondurable manufactures
Mining
Utilities
By market grouping:
Final products, total
Consumer goods
Automotive and home goods
Apparel and staples
Equipment, including defense
. -
= 100-.
111
111
111
110
109
109
103
107
108
110
106
r
do
do
do
do_.
do
111
111
111
97
112
112
112
96
111
110
113
95
110
108
114
97
110
107
115
97
110
106
116
98
103
99
109
94
106
98
117
98
108
102
117
98
110
103
119
98
106
100
114
97
r
do.
do
do
do
do_
111
115
124
112
104
112
115
126
112
104
112
114
122
112
106
111
115
120
113
104
111
115
120
113
105
112
116
121
115
104
107
110
104
112
102
111
115
99
121
101
112
117
110
119
102
114
121
123
120
101
110
115
117
114
100
101
100
96
r
106
r
97
T
106
108
108
108
101
102
^103
' 101
95
P102
r 109
P no
*97
97
r
r
106
109
101
112
* 101
108
111
107
113
101
105
104
102
100
98
105
98
110
107
110
111
109
108
Materials __ ... _.
-- .
do.-.
^99
104
100
96
97
95
90
99
108
106
110
110
105
'90
Durable goods materials
do
r
104
110
112
110
111
110
106
108
112
111
111
112
111
M09
Nondurable materials.
do
r
Revised, p Preliminary. '- Estimates for January-March 1961 based on anticipated capital expenditures of business. 2 Estimates for April-June 1961 based on anticipated capital
expenditures of business. Anticipated expenditures for the year 1961, and comparative data for 1959-60, appear on p. 14 of this issue of the SURVEY.
tSee note marked "t" on page S-l.
cfKevised beginning 1958; revisions prior to May 1959 will be shown later.
9 Includes data not shown separately.
fRevised series. For figures back to January 1955 for total and summary groups (seasonally adjusted), see p. 6 of the January 1960 SURVEY; for other information and earlier figures back
to 1947 (1919 for total industrial production, including utilities), see the December 1959 Federal Peserve Bulletin and the separate Federal Reserve publication, "Industrial Production: 1959
Revision" (available from the Board of Governors of the Federal Reserve System),
SURVEY OF CURRENT BUSINESS
.March T.Kil
S-3
1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
January
February
March
April
May
June
1961
July
Septem- October Novem- DecemAugust
ber
ber
ber
January
February
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION— Continued
Revised Fed. Reserve Index of Quantity Output— Con,
Seasonally adjusted, total Index (including utilities) t
1957=100..
By industry:
Manufacturing, total
_ _
do
111
110
109
109
110
109
110
108
107
106
105
112
110
110
109
110
110
110
108
107
106
104
do
do.
do ._
do
-- do
111
115
119
109
104
109
110
114
108
104
108
106
109
107
102
106
99
100
104
101
107
94
92
108
104
105
88
84
108
106
106
85
80
109
107
104
83
76
108
107
102
80
72
106
105
101
78
73
105
104
Machinery
Nonelectrical machinery
Electrical machinery
- do _
do
do
110
104
118
108
103
115
108
104
115
107
102
114
109
104
115
109
105
114
110
107
114
107
103
113
105
101
112
Transportation equipment 9
IVTotor vehicles and parts
Aircraft and other equipment
do
- do
do
108
127
88
107
126
88
104
118
89
102
115
89
106
120
92
102
120
84
102
113
90
101
114
88
do
do
~- do
do
do
118
110
115
121
112
117
110
115
119
111
119
106
110
116
114
117
110
114
122
113
190
111
110
124
115
121
114
109
123
117
121
114
111
124
117
199
113
112
124
106
115
112
111
122
98
113
112
111
124
99
112
113
110
127
99
113
115
113
127
104
113
116
115
127
104
112
do
do
-- do
do
do
109
106
119
125
104
109
105
118
124
102
108
104
119
126
103
109
106
122
126
107
111
108
123
12S
107
do
do
do
do
do
118
109
109
109
114
117
107
107
106
108
115
108
108
106
113
115
108
108
106
116
98
91
99
98
87
108
96
84
98
97
95
106
96
86
96
96
104
101
.- do
do
do
120
119
124
121
120
125
do
do
do
112
116
125
do
do
do
Home goods 9
- -- -- do
Appliances, TV, and radios
do
Furniture and rugs
do
Durable manufactures 9
Primary metals
Iron and steel
Fabricated metal products
Structural metal parts
Instruments and related products
Clay "'lass and ^tone products
Lumber and products
Furniture and
fixtures
Miscellaneous manufactures
Nondurable manufactures
Textile mi'l products
Apparel products
Leather and products
Paper and products
- do
do
do. __
do _
do
Prhitin 0 " and publishing
Newspapers
Chemicals and products
Industrial chemi^al^
Petroleum product^
Rubber and plastics products
Foods and beverages
Food manufactures
Beverages
Tobacco products
Alining
Coal
Crude oil and natural gas
Crude oil
Metal mining
Stone and earth minerals
do
-do
do
do _
do
do
Utilities
Electric
Gas
By market grouping:
Final products total
Consumer ^oods
Automotive and home goods
Automotive products
Autos
Auto parts and allied products
102
p 102
r 102
P 101
98
74
68
101
101
96
r eg
64
101
98
95
72
07
P 7.J.
102
100
105
102
98
107
101
95
P 10^
r 108
r l'.)9
•> 1 10
102
115
89
103
136
89
97
103
90
94
98
89
88
89
v X9
118
109
103
118
109
119
109
100
117
113
119
107
95
117
110
316
P 113
112
102
121
115
116
113
128
103
112
115
111
127
103
112
113
106
122
97
112
113
104
122
101
112
112
101
123
99
110
112
109
125
132
111
112
108
125
131
115
113
108
194
131
112
112
107
121
127
111
113
108
121
125
109
114
10^
1?0
117
109
309
111
115
122
109
109
110
115
117
110
109
111
111
115
109
109
109
114
111
110
109
110
114
110
111
111
112
115
98
87
97
97
100
115
97
86
96
96
103
114
97
78
99
99
97
116
98
78
100
100
94
118
98
80
100
100
96
116
96
77
99
99
92
114
97
81
99
99
88
116
124
123
126
123
122
125
122
121
125
124
123
124
125
124
1°6
126
127
127
125
125
1°5
194
124
110
113
119
110
113
114
111
115
117
112
117
121
112
117
121
112
116
116
111
115
115
110
114
114
111
115
115
109
113
111
108
112
108
307
11 1
T i()3
P 107
P no
127
134
117
122
125
117
114
113
116
117
116
119
121
122
119
121
123
118
114
108
122
115
114
118
117
119
113
191
123
118
112
109
116
105
04
78
118
p 90
P 73
123
130
122
117
117
118
114
112
114
117
115
121
121
120
123
120
118
122
117
113
118
114
108
119
112
105
119
110
103
115
110
104
114
r HO
107
113
110
105
109
116
115
119
114
113
115
114
114
113
112
113
107
114
113
112
118
112
113
118
112
120
113
do
109
116
110
107
108
108
Beverages and tobacco
_. do
Drugs, soap, and toiletries
do
Newspapers, magazines, and books._do
Consumer fuel and lighting
do
111
115
110
117
106
114
109
117
108
115
110
119
do __
do
do
do
do
do
103
106
104
114
106
109
102
105
104
113
103
97
do
do
. do_ ..
do
do
110
110
121
107
109
_ do _
do
do
do
110
111
111
111
Apparel and staples
-_ do
Apparel, Incl. knit goods and shoes
do
Processed foods
Equipment, including defense 9
Business equipment
Industrial equipment —
Commercial equipment
Freight and passenger equipment
Farm equipment
Materials
__
Durable goods materials 9
Consumer durable
Equipment
_
Construction
Nondurable materials 9
Business supplies
Containers
General business supplies
Eevised.
*> Preliminary.
115
115
._ do ..
do
do
101
96
T
97
r
r
r
r
p 99
P 10*)
P 106
111
97
130
P no
120
96
313
r
r
9S
131
!()<»
112
T
\ \
f
104
19()
'• 1 %
320
r 325
3 08
305
1 09
309
3 1 )Q
108
305
r
117
r
310
330
309
109
130
T
109
98
78
9M
Q7
111
113
1°5
T ] 'I/")
r
98
81
99
98
107
T
r
r
r
Q7
118
121
114
109
110
110
110
110
110
109
109
110
110
118
112
120
112
120
113
118
112
122
113
120
111
J22
116
122
111
120
115
123
112
119
116
123
113
122
115
121
111
118
116
122
111
118
* 116
122
117
118
104
105
104
115
102
93
102
104
102
115
101
89
104
106
104
117
105
89
103
105
103
120
99
89
104
106
104
121
101
88
103
105
103
121
95
83
103
105
101
120
101
87
103
105
99
121
103
86
102
103
100
119
99
88
1019
10
98
r 117
r
99
T
99
100
101
98
119
96
97
109
109
120
107
108
108
107
117
106
105
108
105
110
104
109
107
105
115
104
110
106
102
115
98
110
106
101
110
102
110
105
100
106
101
109
104
99
112
97
106
103
97
103
98
105
101
94
94
98
102
r Ql
99
91
98
90
87
95
98
110
110
111
109
110
109
109
109
110
109
108
110
110
110
107
112
111
111
108
113
112
113
113
113
111
111
111
112
109
110
108
111
109
110
107
111
109
110
106
112
103
97
120
104
98
122
103
96
123
103
97
121
103
98
120
121
115
114
115
" 105
106
' 1 1 ')
98
103
101
95
133
T
P 1)0
)
101)
r
P £X
101
r
13 1
T io()
%
134
107
r
T
r
r 101
r
r
T
89
136
103
P 71
r> 9#
v 94
r 99
122
1 13
104
103
103
103
102
103
98
96
97
96
96
97
119 1
121
118
120
120
121
fSee corresponding note on p. S-2.
Q Includes data not shown separately.
Business fuel and power 9 .
Mineral fuels
Nonresidential utilities
_
r
103
102
r
95
99
p 97
P 109
P 113
P 100
P 101
-
-
P gg
p on
~
107
109
111
109
P 107
110
109
110
102
r 97
119
101
96
P 103
P 95
r 108
T
P 96
/> <Vs
—
SURVEY OF CURRENT BUSINESS
S-4
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
Maivh i!X'.l
1960
January
February
March
April
May
June
1961
July
August Septem- October >< ovem- December
ber
ber
Janu- I February
1 ary
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES§
Mfp and trade sales (seas, adj.), total
bil. of dol__
A'Fanufacturing total
Ourable goods industries
Nondurable goods industries
Wholesale trade total
do
do
do
do
N ondurable 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. of dol
Manufacturing, total
Durable goods industries
do_ __
do
Wholesale trade total
do_ __
Durable goods establishments
do
Nondurable goods establishments
_ do
Retail trade total
_
do
Durable goods stores
do
Nondurable goods stores
do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Sales value (unadjusted) total
bil. of dol
1
61.6
62.2
61.3
62.6
61.9
61.8
60 9
60.7
60. 3
60.3
59.9
r
59.4
58 5
31.1
15. 4
15.7
12.4
4 7
30.8
15.2
15.7
31 0
15 0
16.0
12 6
30 1
14 4
15.7
1° 3
4 5
7 9
18 2
19 9
r 12 3
r 4 3
12.1
12.3
29 6
14 1
15 5
12 2
4 3
7 9
18 5
6. 1
12.4
28 6
13 3
15 3
12 2
13
12.2
30 4
14 7
15 7
19 3
4 4
7 9
18 1
5 7
12.4
' 29 1
13 6
r
15 5
6.0
30 8
14 9
1 5. 9
I9 5
4 .•)
80
IS 5
6. 0
12. 5
30 1
14 4
15. 7
12 2
<i 3
7 8
38 1
5.9
31 0
15 1
1 5. 9
12 4
4 ^
7 9
18 5
6. 1
12.4
29 3
13 8
15 4
18.1
31.6
15.7
15.9
12 5
4 7
7 8
18. 1
90. 5
91 4
92. 3
92 6
93 2
93 5
93 4
93 3
93 1
93 0
9
53. 3
30.8
22 5
53. 9
31 3
22 6
5-1. 3
31.8
22. 6
54.7
31.9
55. 0
32.1
22 9
55. 1
32 2
22 9
54.9
32 0
55. 0
32 1
22 9
54. 7
31 8
22 9
54.4
31 4
23 0
12.7
12.7
6 7
6. 1
24.8
11 6
13.2
12. 8
6 8
6. 1
25. 1
11.6
13.5
12.9
6.8
6.1
25. 0
Jl 6
13.3
13.1
6. 9
6.2
25 2
H 8
13.4
13. 0
6. 1
24.5
11 3
13.2
13. 1
7 0
13. 1
0 9
13.2
6 9
7.7
6.6
4 5
7 8
18.2
7 9
18 9
6. 3
12. 6
99 Q
5.8
5.8
12.4
12.3
4 2
80
18 4
59
12.5
Ql 0
54 0
31 1
?2 9
r
53 n
309 6
2 9
11 8
13. 5
25. 2
11 7
13.6
25. 3
11 8
13.6
25.4
11 9
13.5
6.2
6.3
2 19 '.^
9 7
13 3
69
6 4
25 4
11 9
13 5
6.1
2 17 7
54
2
r 99 3
13 0
7 0
6 1
25. 4
11 9
13. 5
6 9
6.1
8 0
18 0
56
12.4
53 6
30 8
r 22 8
13 2
r 6 8
T
T
6
25
11
13
4
5
9
6
13 °
6 8
6 4
11 Q
13 6
29.74
30.29
32. 47
30.82
30. 84
31. 56
27.89
30. 75
31 10
31.06
29 65
r
28 79
27 71
Durable goods industries total 9
Primary metal
Iron and steel
_. _
Fabricated metal
Machinery (including electrical)
Electrical
do
do
do
do
do
do
14.72
2.67
1.85
1.54
4.40
1 85
15.11
2 54
1.67
1.57
4.69
1 89
16. 08
2 09
1.75
1.70
5.07
2.05
15. 15
2.31
1.47
1.68
4.83
1.88
15. 23
2 25
1.40
1.73
4.79
1.88
15.61
2. 19
1.34
1.81
5.03
2 04
13.05
1 78
1.10
1. 63
4.25
1 70
14.09
1 97
1.18
1.89
4.64
1 97
14 58
1 96
1. 16
1.83
4.87
2 11
14.71
1 91
1.14
1.68
4.76
2 10
14 14
1 80
1.04
1 54
4.58
1 95
T 13 74
1 72
99
T
1 46
r 4 74
r 19 7r,
Transportation equipment
Motor vehicles and parts
Lumber and furniture
Stone, clay, and glass
Nondurable goods industries, total 9
Food and beverage
Tobacco
_ _
Textile
Paper
Chemical
Petroleum and coal
Rubber _ .
Sales, value (seas, adj.), total
Durable goods industries, total 9 _ _
Primary metal
Iron and steel
Fabricated metal.
Machinery (including electrical)
Electrical
__
Transportation equipment
Motor vehicles and parts
Lumber and furniture. _
Stone, clay, and glass
Nondurable goods industries total 9
Food and beverage
Tobacco
_
Textile
Paper.. _ _ __ _ __
Chemical
Petroleum and coal..
Rubber
_
Inventories, end of month:
Book value (unadjusted), total
Durable goods industries, total 9 _ .
Primary metal
Iron and steel
__
Fabricated metal
Machinery (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
Nondurable goods industries, total 9
Food and beverage. _
Tobacco
Textile
Paper
Chemical
Petroleum and coal. ._
Rubber
___
By stages of fabrication:
Purchased materials
Goods in process
Finished goods
do
_ do _
do
do
__do
do
-do ._.
do
_ do
do
do
do.. _
do
_ do _
do
.do
do
do
do __
do
do
do
do
do
do
_ do _
do
do
_ do
do
do
3.67
2.45
3.76
2.44
3. 57
2.26
.90
.74
15.67
4.54
.37
1.18
1.04
2.45
3.13
.54
31.03
15.00
2.31
1.47
1. 69
4.83
2.01
3.36
2.04
.93
. 75
16.02
4.72
.39
1 26
1.03
2.38
3. 26
.53
3.64
2.31
.92
.79
15.60
4.65
.42
1.19
1.05
3.66
2.26
2.91
1.73
2 62
1.46
.97
.83
3.54
2.33
.95
.82
.77
.73
3.04
1. 74
15. 95
4.80
14.84
4.57
16. 67
4.88
.39
.45
16. 52
5 01
16.35
4.97
1.05
3.02
.55
30.99
15.06
2.24
1.40
1.75
4.78
1.94
3.49
2.21
.94
.75
15.92
4. 63
.40
1.29
1.04
2.35
3.18
.55
1.30
1.15
2.40
3.26
1 29
1.13
2.45
3 16
1 28
1. 10
2.36
3.16
.57
3.86
2.48
.91
.69
16.39
4.82
.40
1.26
1.10
2.43
3.29
.52
30.84
15. 17
2. 54
1. 66
1. 69
4.75
1.99
3.46
2.11
.88
.70
15.67
4.71
.42
1.20
1.05
2.30
3.16
.51
53.66
30. 86
4.30
2.56
3.07
10.14
3 76
7.52
3.27
1.89
1.38
54. 20
31.45
4.35
2.54
3 23
10.36
3 87
7.62
3.35
1.88
1.42
54. 70
32. 06
4.40
2.54
3.37
10.57
3.94
7.72
3.37
1.89
1.48
54. 77
32.14
4.45
2.58
3.42
10. 66
4 00
7. 59
3.27
1.88
1.48
8.5
12.4
10.0
22.81
4.94
2 10
2 60
1.53
4.09
3.34
1.17
8 6
12.5
10.4
22.75
4.85
2 06
2 67
1.56
4 14
3.27
1.18
8.6
12.7
10.8
22. 64
4.71
2 02
2 73
1.58
4 16
3.22
1.21
9.3
3.0
9.2
3.1
9.2
3.1
10.4
_
__
_ _
_
_
_
_ _
do
_ _ _ __do
do
do
do
do
do
do ___
do
do
do
_
do __
do
do
do
_ _ _ do
do
do
do
do
_.do __
do
do
do
_do
.81
.62
.85
.64
15.01
4.44
15. 18
4.43
1.20
2.20
3.20
1.23
1.01
2.22
3.07
31.11
15.45
2.73
1.90
1.70
4.80
2.02
3.47
2.13
.87
31.58
15. 67
2 69
1.80
1.72
4.84
1.99
3.579
2 2
.92
15 66
4.78
15 90
4.72
1.26
1.01
2.26
3.08
1 26
1.07
2 38
3.13
.35
.99
.52
.75
.40
.53
.37
.52
.77
.43
.43
1.25
1.07
2.39
3.15
.98
2.10
3.11
.48
.50
30.09
14 41
1 92
1 14
1.65
4 66
1 94
3.57
2.28
.81
73
15 67
4.69
39
1 20
1 09
2 30
3.20
51
.53
29.60
14.08
1 79
1 06
1.53
4 59
1.93
3.63
2 42
.78
70
15 52
4.70
39
1 15
1 04
2 26
3.23
.49
3.62
2 27
.79
.70
15.52
4 70
43
1 21
1 05
2.17
3 17
.46
29.25
13 81
1 79
1 04
1 57
4 61
1 87
3.30
1.99
79
70
15 44
4 66
42
1 13
1 05
2 22
3 19
50
.90
.80
.41
.86
.78
.40
.52
.48
30.44
14.73
2 11
1.30
1.73
4.77
1.94
3.41
2.14
. 87
.75
15 72
4. 63
.38
1 23
1.08
2 30
3. 19
.48
54. 97
32. 25
4.54
2. 67
3.46
10. 76
4.09
7.42
3.17
1.88
1.48
54. 88
32 18
4.58
2.71
3 46
10.72
4 12
7.28
3 10
1.92
1 46
54. 40
31 75
4.64
2 76
3 39
10 56
4 06
7.05
3 01
1.93
1 44
54.48
31 73
4.71
2 82
3 31
10 48
4 04
7.16
3 12
1.94
1 40
54 26
31 57
4 70
2 83
3 19
10 40
4 04
7.26
3 32
1 90
1 40
54. 34
31 40
4.71
2 84
3 12
10 33
3 98
7.28
3 30
1 92
1 39
54 22
31 18
4 68
2 82
3 04
10 33
3 96
7 20
3 21
1 90
1 39
85
12.7
10.9
22.64
4.67
1 99
2 76
1.59
4 14
3 22
1.22
8.5
12.7
11.1
22 72
4.69
1 94
2 78
1.60
4 08
3.27
1.21
8 6
12 6
11.0
22.70
4 66
1 87
') 75
1 60
4 11
3 28
1.90
8 6
12 3
10.8
22.66
4 72
1 83
2 79
1 61
4 10
3 32
1. 18
8 6
12 5
10 6
22.75
4 93
1 85
9 66
1 62
4 10
3 35
1 18
8 5
12 5
10.5
22.69
5 06
1 93
2 57
1 60
4 03
3 39
1 16
8 5
12 4
10 5
22.94
5 24
9 02
2 53
1 61
4 09
3 42
1 13
84
12 3
10 5
23.04
5 26
2 00
2 58
1 62
4 14
3 41
1 13
9. 1
3.1
10.4
9.0
3.2
10.6
8 9
89
8 8
3 2
10.8
8 7
31
10.9
8 8
31
11.1
.56
30.78
14.88
2.01
1.18
1.76
4.74
1.95
3. 60
2.29
.91
. 76
15 89
4.63
.40
1 27
1.05
2 35
3.18
.51
30.15
14.42
1 98
1.18
1.70
4.70
1.93
3.35
2.15
.87
73
15 72
4.66
41
1 20
1.09
2 33
3.17
r 2 02
r
T
3 50
2 12
72
60
15 05
r 4 60
40
T i 09
r
98
T
2 07
3 44
T
45
r
29 14
T 13 62
1 75
1 00
1 58
4 58
1 89
' 3. 15
1.87
r
80
70
r
r 15 51
r 4 74
39
r 1 14
1 06
r 2 26
3 22
r
47
r 53 90
r 30 81
r 4
r 2
r 2
r 10
69
81
98
27
r
r
r
r
97
14
83
43
3 94
6
3
1
1
82
r 12 1
r
10 6
23. 09
r 5 18
2 08
r 2 63
r 1 63
r 4 19
r 3 32
r 1 14
2 19 7
1 80
1 07
1 38
4 36
1 §3
2 97
1 74
70
59
14 96
4 55
38
1 07
1 06
2 18
3 34
46
28 59
r 13 96
"
2
13 4
1 7T
1 01
1 53
4 67
1 95
2.82
1.50
76
70
15 33
4 74
41
1 10
1 08
2 24
3 20
45
53 86
30 68
4 62
2 75
2 97
10 929
3Q
6 95
3 11
1 85
1 45
79
12 1
10 7
23.18
5 07
913
9 79
1 63
4 23
3 25
1 14
88
90
89
3.2
3.2
31
30
31
10.4
10.5
10.7
10.6 '
11.1
••11.1
11.2
9
2
Revised. 1 Beginning January 1960, data for Alaska and Hawaii are included.
Advance estimate.
§ The term "business" here includes only manufacturing and trade. Business
inventories as shown on p. S-l cover data for all types of producers, both farm and nonfarm.
Unadjusted data for manufacturing are shown below; those for retail and wholesale trade on
pp.
S-9,
S-10,
and
S-ll.
9
Includes
data
riot
shown
separately.
SURVEY OF CURRENT BUSINESS
March lOfil
S-5
1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
January
February
March
April
May
June
19B1
July
August
Septem- October Novern- 1 December
1 ber
ber
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
Machinery (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
- -
bil. of dol
53. 31
53 90
54.34
54.66
54.95
55. 10
54 90
54 98
54 71
54.38
54.01
T
do
do
_-do _
do
_ __do
do _ _ .
30. 76
4.20
2.46
3.13
10.18
3.82
31 26
4.32
2.54
3. 23
10.32
3.90
31.77
4.45
2.61
3.33
10.48
3.94
31 92
4.63
2.77
3.32
10.53
3.96
32 07
4.70
2.84
3.35
10. 60
4.00
32 23
4. 80
2.95
3.34
10.64
4.04
32 05
4 75
2.87
3 33
10.58
4.04
32 08
4 71
2.82
3.34
10.59
4.08
31 84
4 64
2.74
3 27
10.53
4.06
31 43
4.57
2.68
3.18
10.44
4.01
31.07
4.52
2.63
3.10
10.35
3.98
r
7.38
3.10
1.91
1.37
7.53
3.19
1.87
1.38
7.64
3.26
1.86
1.42
7.58
3.26
1.85
1.42
7.52
3. 26
1.85
1.43
7.46
3.28
1.89
1.44
7 34
3.28
1.90
1.44
7 36
3.30
1.92
1.44
7 24
3.32
1.94
1.46
7.10
3.13
1.96
1.46
_.
do
do
do_ _
do
53. 64
53 53
30 79
r
4.50
^2.62
r
3.
09
r
10. 35
M.OO
30 63
4.48
2.60
3.06
10.27
3.99
7.02
3.03
1.93
1.43
r
6. 84
••3.02
'1. 85
1.44
6 84
3.02
1.85
1.44
r
-
do
do
- do
8.6
12.3
9.9
8.7
12.5
10.1
8.8
12.7
10.4
8.8
12.6
10.5
8.8
12.7
10.6
8.7
12.8
10.7
8.6
12.6
10.8
8.6
12.6
10.9
8 4
12.4
11.0
8.3
12.2
10.9
8.1
12.1
10.9
Nondurable goods industries total 9
do
22.55
22 90
22 87
22.95
22.93
4.96
2.02
2.66
1.65
4.18
3.30
1.14
Food and beverage
Tobacco
Textile
Paper
_ _
Chemical
Petroleum and coal
Rubber
By stages of fabrication:
Purchased materials
Oood^ in process
Finished goods
-- ---
New orders net (unadjusted) total
r
r
8. 0
10.8
8.0
12.0
10.6
22. 85
22.90
4.97
2.01
2.67
1.63
4.16
3. 2H
1.12
4.98
1.99
2.72
1.62
4.16
3.28
1. 11
8.7
3.1
11.0
8.7
3.1
11.1
12.0
22.64
22.57
22.73
22.88
22.87
22 85
4.81
1.98
2.58
1.53
4.03
3.41
1.14
4.82
1.95
2.65
1.54
4.05
3.40
1.14
4.82
1 95
2.67
1.54
4. 06
3.33
1.16
4.85
1.95
2.72
1.55
4.08
3.35
1.19
5.00
1.96
2.71
1.58
4.08
3.34
1.18
4.99
1.95
2.70
1.59
4.11
3.30
1.20
4.94
1.94
2.69
1.61
4.14
3.29
1.23
4.95
1.94
2.67
1.63
4.18
3.29
1.24
4.98
2.00
2.64
1.64
4.16
3 26
1.20
5.01
2.03
2.64
1.65
4.18
3.28
1.16
- - do
do
do
9.0
3.0
10.5
9.1
3.0
10.5
9.1
3.0
10.5
9.1
3.1
10.5
9.1
3.1
10.6
9.1
3.1
10.6
9.1
3.2
10.6
9.0
3.2
10.7
8.9
31
10.9
8.9
3. 1
11.0
8. 8
3.1
11.0
do
29.10
29.65
31.75
29 70
30.21
31.48
27.91
30.56
31.05
30.04
29.02
r
14.56
2.32
1.42
1.54
4 81
1.89
15.45
1.78
.96
1.63
5.13
2.10
14.10
1.68
.92
1.68
4 82
1.84
14.59
1.99
1.19
1.72
4 73
1.84
15. 52
1.84
1.07
1.71
5.24
2.37
14.63
1.89
1.13
1 72
4 88
2.32
13.80
1.74
.99
1.62
4.45
1.87
13.59
1.77
1.02
1.46
4.27
1.75
' 13. 33
' 1. 65
.97
r
1.33
r
4 59
r
2.02
do _
do
do
do_
do
do
do
Durable Gfoods industries, total 9
do
Primarv metal
do
Iron and steel
do
Fabricated metal
do
Machinery (including electrical)
do
Electrical
.. - do_
Transportation equipment (including motor vehicles)
- bil. of dol
14.06
2.29
1.45
1.52
4.42
1.76
3.32
3.34
4.05
3.21
3.39
3.80
2.82
2.90
3.31
3.31
3.52
Nondurable goods industries, total
_
Industries with unfilled orders ©_
Industries without unfilled orders 1
15. 04
3.32
11.72
15.09
3.30
11.79
16. 30
3.53
12.77
15. 61
3.37
12.24
15. 62
3.46
12.16
15.96
3.52
12. 44
14.73
3.01
11 72
16.46
3.49
12 97
16. 42
3.57
12 85
16.24
3.52
12.72
15. 42
3.35
12.08
do
_ _ _ d o _.
do
13.17
1.67
1.00
1.64
4 39
1.86
14. 10
1.80
1.02
1.89
4 62
2.04
r
T
2.77
15.00
15.02
3.24
11 78
r 3. 14
11.87
29.83
30.59
30.29
30.35
30.47
30.11
29.19
30.01
30.40
29. 21
29.02
r
Durable goods industries, total 9 do
Primary metal
do
Iron and steel
do
Fabricated metal
do
Machinery (including electrical)
do
Electrical
__
_ do Transportation equipment (including motor vehicles)
bil of dol
14.19
2.23
1.40
1.61
4.63
1.90
14.80
2.20
1.30
1.61
4.84
1.92
14. 64
1.72
.93
1.64
4.74
1.95
14.47
1.81
.99
1.71
4 76
1.88
14. 68
1.96
1.15
1.70
4 75
1.88
14.34
1.78
.99
1.68
4.69
2.03
13.84
1.89
1.17
1.59
4.52
1.89
14.41
1.84
1.05
1.74
4 81
2.21
14.62
1.85
1.12
1 54
4 75
2.23
13. 74
1.64
.97
1.48
4. 40
1.86
13. 60
1.75
1.03
1.56
4.59
1.82
r
3.15
3.50
3.68
3.49
3 52
3.46
3.20
3.33
3 82
3.69
3.06
2.83
2 73
Nondurable goods industries, total
Industries with unfilled orders ©
Industries without unfilled orders 1
do
do
do
15.64
3.43
12.21
15.79
3.39
12.41
15. 66
3.40
12.26
15.88
3.33
12.55
15 79
3.42
12 37
15.77
3.43
12.34
15.35
3.17
12.18
15.61
3.39
12.22
15 78
3.58
12 20
15.47
3.31
12.16
15.42
3.32
12.10
15.48
•-3.31
T
12. 17
15 39
3 37
12 03
do
50.85
New orders net (seas adjusted), total _
_ do
Unfilled orders end of month (unadj.), total
Durable goods industries, total 9 —
do
Primary metal
_
do
Iron and steel
do
Fabricated metal
do
Machinery (including electrical)
do
Electrical
_ _ _
_ _ do __
Transportation equipment (Including motor vehicles)
bil of dol
Nondurable goods Industries total ©
do
Liabilities (current), total
do
do
do
_ do__
do
_
Commercial service
Construction
__
_
Manufacturing and mining
Retail trade
Wholesale trade _
thous. of dol—
do
do
do
do
do.
„
-
Failure annual rate (seas. adj.). No. per 10,000 concerns.
r
2
' 13.02
1.81
1.14
1.51
4 58
1.93
r
50.21
49.49
48.38
47.75
47.68
47.69
47.50
47. 45
46.44
45.80
r
46.91
6.18
4.58
3.27
17.92
9.90
46.28
5.27
3.79
3.20
17.98
9.95
45.23
4.64
3.24
3.20
17.97
9.90
44.59
4.38
3.04
3.18
17.91
9.86
44.50
4.03
2.77
3.08
18.12
10.19
44.62
3.92
2.67
3.10
18.26
10.35
44.64
3.74
2.50
3.10
18.24
10.43
44.68
3.67
2.47
3.00
18 25
10.63
43.77
3.50
2.32
2.94
17.94
10.40
43.23
3.47
2.30
2.86
17.62
10.20
'r 42. 85
3.41
2.28
'2.73
r
17. 48
r
10. 21
15.38
14.96
15.16
14.80
14.55
14.69
14.60
14.89
15.16
14.93
14.83
r
3.39
3.30
3 21
3 15
3 17
3.18
3.07
2.86
2 77
2.66
2.57
4,690
New business Incorporations (49 States) cTt_- number. . 18, 189
Commercial service
Construction
Manufacturing and mining
Retail trade- _ _
Wholesale trade
28.41
13. 22
r
1.77
1.06
r
1.46
r
4 67
'1.93
47.46
6.39
4.84
3.31
17.81
9.90
BUSINESS POPULATION
Firms in operation, end of quarter (seasonally ad justed) §
thousands
INDUSTRIAL AND COMMERCIAL FAILURESd"
Failures, total
number
28. 70
T
4,710
2. 52
12, 8
i 13. 3
45 17
r
i 42.7
42. 58
3.46
2 39
2.73
17 36
10.10
14.73
2 58
4 730
2
2
17, 437
15, 446
15, 530
16, 676
14, 676
14, 993
14,007
1,181
1,214
1,335
1,370
1,273
1,334
1,146
1,315
1,269
1,344
93
193
210
587
98
103
195
196
609
111
120
241
224
607
143
121
220
215
674
140
131
214
229
564
135
103
213
228
680
110
102
192
173
573
106
128
217
228
621
121
113
218
218
604
116
132
231
229
613
139
111
228
231
617
124
53, 671
60,945
70, 193
69, 192
73, 307
126, 450
61, 732
97, 594
80, 604
81, 508
3,129
11, 993
16, 324
15, 951
6,274
2, 501
10, 770
21, 527
16, 687
9,460
7,809
19, 427
19, 170
14,116
9,671
7,065
13, 661
18, 483
18, 563
11,420
6 095
10, 877
31, 963
17, 588
6,784
22, 597
18,613
41,111
28, 497
15, 632
3,993
11, 073
21, 080
20, 470
5,116
5,940
27, 874
33, 097
22, 556
8,127
12, 715
14,417
23,011
23,080
7,381
16, 644
17, 877
16, 104
20 894
9,989
51.1
54.9
54.1
57.2
54.8
59.6
65.2
63.3
50.7
14. 93
r
4 725
14,669
51.0
45. 37
5
12. 49
1.86
1.18
1.38
4 24
1.72
'3.58
r
r
27.51
28. 33
13, 760
12,412
2
2
14, 579
'2 16,340
1,353
1,404
1,449
110
245
231
637
130
121
219
228
685
151
116
262
229
693
149
84, 463
78, 971
81,520
88,083
7,309
16, 683
28, 887
22 493
9 091
3 579
28 104
18, 878
20 199
8 211
4 128
11 231
26, 111
28 688
11, 362
6 941
14 943
23,160
30 646
12,393
62.0
63.4
61.1
61.2
1,311
12,734
Revised.
1 Advance estimate.
Excludes number reported for Alaska: November 1959, 18; 1960—October, 23; November, 23; December, 15; 1961—January, 10; February, 23.
9 Includes data not shown separately.
©Includes textiles, leather, paper, and printing and publishing industries; unfilled orders for other nondurable goods industries are zero.
UFor these
industries (food, beverages, tobacco, apparel, petroleum, chemicals, and rubber) sales are considered equal to new orders.
§Revisions for 1956-59 appear on p. 13 of the May 1960 SURVEY,
cfData are from Dun & Bradstreet, Inc.
% Re visions for 1947-58 to include data for Hawaii 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 1031
1960
January
February
March
April
May
June
1961
July
August
Septem- October Novem- December
ber
ber
January
February
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
1910-14=100--
232
233
241
242
241
236
238
234
237
240
241
242
241
244
do _„
do
_
do
_ do _
do
220
278
248
1,51
206
218
256
237
153
208
222
249
238
153
210
225
255
244
158
209
228
283
248
158
209
221
223
251
158
199
226
265
156
194
218
191
273
152
196
222
195
271
152
197
220
193
267
147
200
218
217
254
136
204
217
220
243
141
204
218
214
233
146
207
221
213
227
150
209
203
216
188
484
211
216
189
494
228
213
223
494
211
216
257
494
216
218
245
494
239
216
203
494
235
213
239
493
239
211
198
479
269
208
181
502
272
209
165
508
261
213
1S1
502
248
217
181
620
254
231
178
508
259
250
172
517
242
266
279
144
239
245
261
287
142
240
257
256
309
153
243
257
244
310
163
250
252
237
310
153
253
248
234
305
148
248
249
244
302
148
240
247
254
290
152
230
251
269
285
162
225
258
278
288
175
222
261
281
289
180
219
263
278
296
178
226
261
272
304
165
221
263
266
309
169
224
275
289
265
'275
289
266
276
289
267
278
291
268
277
291
267
275
290
265
275
290
263
274
290
262
274
290
263
274
290
262
274
291
262
275
291
265
276
291
267
277
291
267
299
299
300
302
301
299
298
298
298
297
297
298
301
302
78
78
80
80
80
79
80
79
80
81
81
81
80
81
125.4
125. 6
125.7
126. 2
126.3
126.5
126.6
126. 6
126. 8
127.3
127. 4
127.5
i 127.4
129.4
122. 9
1 1 6. 7
118. 1
113.3
148.2
129.7
123. 0
116.7
118.0
113.3
148.9
129.7
123.1
116.7
118.3
112.5
149.2
129.8
123.7
117.4
119.4
112.1
1 49. 4
129.7
123.8
117.3
119.4
111.9
149. 6
129. 7
124.0
117.6
119.8
111.5
149.7
129. 9
124.2
117.7
120.0
111.1
150.0
130.1
124.1
117.6
119.9
111.0
1 50. 3
130. 3
124.3
117.7
120.3
110.0
150.8
130. 7
124.8
118.2
120.7
110.9
151.2
130. 8
125. 0
118.3
120.9
110.7
151.3
130.8
125.0
118.4
121.0
110.8
151.4
130. 6
124. 8
118.0
120. 7
1 10. 2
151.7
do
do
__ __ do
do
do
107. 9
117.6
1 1 6. 5
1 00. 4
108.4
117.4
1 1 6. 5
1 25. 9
106.2
108.8
117.7
11 6. 4
125.0
107.2
108. 0
119.5
115.3
129.9
109. 3
108.9
119. 7
115.0
132.9
109. 7
108.9
120.3
1 1 5. 0
136. 1
110.3
109. 1
120.6
115.8
134.4
110.8
109.3
120.1
116.6
127.3
111.3
110.6
120.2
117.5
124.6
110.2
111.0
120. 9
118.4
124.8
110.0
1 10. 7
121.1
118.9
126.2
109.9
110.6
121.4
119.3
126. 3
110.5
109. 4
121.3
119.1
126. 1
111.6
do
do
do
-do
do
130.7
123.2
104. 0
140.9
153.5
132. 7
131.2
124.0
104. 3
141.0
1 54. 7
132. 6
131.3
1 24. 1
104.7
141.2
1 55. 0
132.7
131.4
124.4
104. 7
141.4
132" 9
131.2
121.7
104.3
141.4
1 55. 9
133.2
131.3
1 24. 7
104.3
141.6
1 56. 1
133.2
131.3
124.8
104. 1
141.8
1 5fi. 4
133.4
131.5
1^4.9
1 03. 5
141.9
156.7
133. 8
132. 0
125 7
104. 1
1 42. 1
156.9
133. 9
132 2
125.7
104.0
142. 5
157.3
134.0
132. 1
125. 7
104.0
142.7
157.9
133. 9
132.3
125.6
103. 9
142. 8
158. 0
133.7
132. 3
1 25. 9
103. 6
142. 9
1 58. 5
133.7
do
do
do
do
do
120.3
147.6
] 36. 3
195. 8
131.8
120.6
147.5
136. 0
197. 9
131.8
120.9
1 46. 5
134.9
198.0
131.7
121. 1
146. 1
134.4
198.0
131.9
121.4
145. 0
133.9
198.0
131.9
121. 1
145.8
134. 1
198.3
132.0
121.6
1 45. 9
134.2
198. 9
1 32. 2
121.9
146.2
134,4
199. 3
132. 4
122. 1
144.7
132. 8
200. 3
132. 7
121.9
146.1
134. 1
201. 2
132. 7
122. 5
146. 5
134. 4
202. 9
132. 7
122, 3
146. 5
134. 5
202.9
132.7
122.2
146. 2
134.0
205. 5
132. 6
119. 3
119.3
120.0
120. 0
119.7
119.5
119. 7
119.2
119.2
119.6
119.6
119.5
119. 8
94.6
120! 6
94. 8
127.4
120. 5
96. 4
127. 5
121.4
%. 3
127.6
121. 4
96. 0
127. 1
121.2
95. 3
127.0
121.1
94.8
127. 0
121.8
92.7
1 20. 8
121.5
92. 9
120.8
121.5
93.3
120.6
122. 4
93. 0
120. 5
122.7
93. 3
126. 4
122.2
- U2. 3
1 20. 7
122. 5
104.3
146.8
104.3
146. 8
105.5
1 46. 5
105.6
140.5
105. 2
146. 1
105. 2
145.8
105.6
145. 6
104.9
145. 5
105. 3
144. 5
105.8
144. 9
105. 8
145.0
105. 6
145. 0
106. 2
r 144.
8
100.5
144. 7
86. 5
104.9
77.2
78.5
87.0
100.5
76.7
80.8
90. 4
104.4
78.2
86.2
91.1
111.5
79.4
85.7
90. 4
116.9
77.8
85.8
89. 0
109. 7
77.5
85.1
88.9
112.9
75.5
84.1
86. 6
98.7
74.3
80.7
87.7
104, 7
74.9
79.0
89. 5
109.2
73.5
80.7
89.9
107. 5
70.3
81.8
88.7
99.5
72.7
82.8
89.7
106. 7
75. 3
84.8
90. 3
103. 9
75.9
85. 8
Foods, processed 9 ___
_
_do
Cereal and bakery products
do
Dairy products and ice cream
do
Fruits and vegetables, canned and frozen __.do
Meats, poultry, and fish ._
_
do _.
105.6
120. 7
118.8
104.5
92.4
105.7
120. 6
118.4
105. 0
93.1
107. 3
120.8
117.7
105.8
97.8
106.8
120. 9
1 15. 6
105.8
96.7
107.3
121. 2
114. 9
106. 3
98.5
107. 6
121.2
110.0
106. 9
98. 1
108.9
122.5
117.3
107.3
99.5
107.8
122.0
118.0
106.6
96.8
108.1
122.4
120. 5
107.7
96.0
109.0
123.1
121.3
108. 8
97. 8
109.1
123.1
121.7
109.4
96.6
109.2
123. 5
122.0
110.1
97.3
109.8
123.5
121.2
98.3
110.5
123. 6
119.7
112. 5
100. 2
Commodities other than farm prod, and foods__do
128. 8
128.7
128.6
128.7
128.2
128.2
128.2
128.2
127.9
128.0
127.9
127.9
' 128. 0
128.0
do
do
do __do
do_
do
109.9
124.1
93.8
49.2
108.8
128.3
110.0
124,2
94. 0
49.4
108.8
128.3
110. 1
124.2
94.2
50. 6
108. 8
128. 3
110.2
124.5
94.5
51.7
108.8
128.3
110.2
124.6
94.8
50.2
108.8
128.3
110.2
124. 6
95.1
47.9
108. 8
128.3
110.4
124.7
95.1
47.8
110.4
128.4
110. 5
124. 6
95.4
48.9
108.2
128. 4
110.4
124.5
95.0
47.7
108.3
128.4
110.3
123. 6
94.4
47.8
111.2
128.4
110.3
123. 5
94.3
48.9
111.9
128.4
110.4
123.5
'94.1
48.5
111.9
130.3
Fuel, power, and lighting materials 9
do
Coal
__
_
do
Electric power
January 1958=100
Gas fuels
do
Petroleum and products
_
1947-49=100-.
111.9
124.1
101.3
116.6
114.4
112.0
124.1
101.8
114. 5
114.6
112.3
124.0
101.8
115.6
115.0
112.2
119.0
101.8
115.6
115.4
110. 8
118. 7
101.7
111.6
113.6
112.3
119. 5
101.8
112.2
116. 0
113.8
120.3
102.0
114.4
117.9
115.3
121.3
102.1
116. 6
120.0
116.1
122.4
102.1
121.3
120.7
116.2
122.5
102.1
120.9
121. 0
116.1
123.0
102.4
120.2
120.6
116.2
123.1
102.3
120.0
120.8
Prices received, all farm products!
Crops
_ _
Commercial vegetables
Cotton
Feed grains and hay
Food grains
_
__
Fruit
Oil-bearing crops
_
Potatoes (inch dry edible beans)
Tobacco
- do
__ _ _ do
do
do
Livestock and products
_ _ _ _ _
do __
Dairy products
do
Meat animals
do
Poultry and eggs
do _
Wool
do
Prices paid:
All commodities and services
do
Family living items
_ _ do
Production items
- do
All commodities and services, interest, taxes, and
wage rates (parity index)
1910-14=100
Parity ratio §
do
CONSUMER PRICES
(U.S. Department of Labor indexes)
A.1! items
1947-49 = 100
Special group indexes:*
\11 items les^ food
do
Ml items less shelter
do
A.11 commodities
_„_ _
_ _
do
N^ondurables
do
Durables
do
Services
do
A
v pparel
Food 9
Dairv products .
Fruits and vegetables
Meats poultry and
__
fish
Housing 9
TTousefurnishinfs
Rent
Medical care
__
Personal care
__
Reading and recreation
Transportation
Private
Public®
Oilier goods and services
WHOLESALE PRICESc?
(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© _ _
_
_ _
do
By durability of product:*
Nondurable goods
do
Durable coods
do
Farm products 9
Fruits and vegetables fresh and dried
Grains
.
Livestock and live poultrv .. _
_
Chemicals and allied products 9
Chemicals, industrial
_
Drugs and Pharmaceuticals
Fats and oils, inedible
Fertilizer materials
______
Prepared paint
^-
do
do
do
do _
_
r
1 20. 0
94, 5
r 112.3
110.4
123.1
' 94. 2
50.1
112. 2
131.5
r 117.3
123.5
102.3
»• 121.1
122.4
110.8
123.3
94. 6
54. 3
112.2
132. 1
117. S
123.5
102.2
122.9
123.1
123. 0
123.4
123.5
123.1
123. 5
123.2
122.9
123.7
122.8
122. 6
122.7
122.6 r 122. 4
Furniture, other household durables 9
do
122.2
r
103.2
101.7
103.3
103.3
102.1
101.7
103.1
101.1
100.9
100.6
100.9
100.4
Appliances, household _ __
do _.
100. 1
100.1
124.9
124.9
125.0
124.9
124.9
124.7
125.0
125.0
125.0
125.7
125.6
125. 7 '125.9
Furniture, household
do
126.0
87.1
87.8
87.8
87.8
87.1
86.1
87.7
87.8
86.1
84.2
84.2
85.3
Radio receivers and phonographs
do
••84.6
84.6
69.1
69.1
69.0
69.0
69.0
69.0
68.9
69.0
68.9
68.9
68.9
69.3
69.3
Television receivers
- - do
68.7
r
Revised.
i Index based on 1935-39= 100 is 213.0.
^Revised beginning January 1958 to incorporate price revisions for individu al commo dities; rev isions for January 1958-Dece rnber 1959
appear on p. 20 of the January 1961 SURVEY (revisions for 1952-57 appear on p. 24 of the November 1959 SURVEY).
§Ratio of prices r eceived to prices pa id (includ ing intere st, taxes, and wage
rates) .
*New series; data prior to August 1958 are available upon request.
9 Includes data not shown separately.
©Revised beginningr January 1958; re vi sions prio r to Dece mber 1959
Will be shown later.
cfFor actual wholesale prices of individual commodities, see respective commodities.
©Goods to users, ir eluding r aw foods £md fuels.
SURVEY OF CURRENT BUSINESS
March 1961
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
. S-7
1961
1960
January
February
March
April
May
June
July
August
Septem- October Novem- December
ber
ber
January
February
COMMODITY PRICES—Continued
WHOLESALE PRICEScf—Continued
U.S. Department of Labor indexes—Con.
Commodities other than farm, etc.—Con.
Hides, skins, and leather products 9-1947-49=100.
Footwear
do
Hides and skins
___do___
Leather
do—
Lumber and wood products
do___
Lumber
do—
112.7
134.2
73.7
105.5
125.1
126.1
112.0
134.2
69.8
104.8
124.9
126.1
111.8
134.2
72.0
102.8
124.5
125.9
112.1
133.5
73.5
104.7
124.3
125.7
111.2
132.5
72.9
103.5
123.7
124.9
110.3
132. 5
67.1
103.0
122.4
123.1
110.1
132.5
68.0
102.2
121.5
121.6
108.7
132.5
63.6
98.9
119.6
119.2
108.1
132.5
62.3
97.5
118.7
117.9
108. 5
132.5
64.1
98.1
117.7
116.3
108.5
132.5
65.8
97.1
116.9
115.1
108.8
132.5
64.9
99.4
116.5
115.0
do.
do.
do..
do..
do..
153.8
144.3
173.6
155.8
141.6
153.9
145.3
173.9
155.7
141.6
153.9
145.3
174.3
155.6
141.6
154.0
145.6
174.7
155.6
141.6
153.5
145.7
175.3
153.9
141.6
153. 4
145.9
175. 3
153.9
141.6
' 153. 4
146.0
175.5
' 154.1
141.6
" 153. 5
146.1
176.7
r 153.9
141.6
' 151. 5
146.2
176.7
' 153.3
135.4
' 153.0
146.7
176.7
r
153. 2
140.3
153.7
148.2
177.3
153.1
140.5
r 153.1
148.0
177.0
r 152.4
...do..
do..
do..
do..
155.5
120.9
172.4
142.7
155.3
120.3
171.6
142.6
154.5
120.1
170.5
140.8
154.5
120.1
170.5
140. 5
154.2
120.2
170.4
140.0
153.8
120.0
169.9
138.9
153. 4
118.7
169.5
138.6
153.6
118.8
169.9
138.7
153.5
119.3
169.7
138.4
152.8
119.3
168.9
137.1
152.3
118.4
168.5
135.5
Nonmetallic minerals, structural
Clay products.
___
Concrete products
Gypsum products
do..
do_.
do..
do..
138.4
161.3
130.5
133.1
138.2
161.5
131.1
133.1
138.2
161.5
131.0
133.2
138.3
161.5
131.3
133.2
137.9
161.7
131.5
133.2
137.8
161.7
131.3
133.2
137.8
161.8
131.3
133.2
137.8
162.0
131.1
133.2
138.0
162.1
131.0
133.2
138.1
162.2
131.0
133.2
Pulp, paper, and allied products
Paper
Rubber and products.
Tires and tubes
do..
do_.
do..
do..
133.7
144.5
143.1
132.2
133.2
144. 5
144.6
137.0
133.1
144.8
144. 7
137.0
133.1
145.1
144.7
137.0
133.4
145.9
146.3
137.0
133. 5
145.9
146.7
137.0
133.5
145.9
146.9
141.3
133.0
145.2
145.3
141.3
133.0
145.4
144.9
141.3
Textile products and apparel 9—
Apparel
_
_
Cotton products
Silk products
Manmade fiber textile products
Wool products
do.
do..
do..
do..
do..
do..
96.6
100.8
95.9
122.0
79.4
104.0
96.5
100.6
95.8
119.5
79.8
103.2
96.3
100.7
95.6
116.6
79.4
102.8
96.3
100.7
95. 0
118.0
79.4
102.7
96.3
100.6
94.8
118.7
79.7
102.4
96.3
100.8
94.8
121. 6
79.6
102.1
96.3
101.0
94.7
123.3
79.6
101.8
96.1
101.0
94.3
126.8
78.9
101.5
do..
do_.
do_.
do_.
do..
131.7
120. 5
134.8
95.3
117.7
131.7
120.6
134.8
93.4
117.8
131.7
120.6
134.8
94.0
117.8
131.7
120.6
134. 8
95.4
118.3
131.7
120.6
134.8
91.1
118.3
131.7
120. 6
134. 8
90.9
118.3
131.8
120.6
134.8
90.8
118.6
79.7
83.8
79.6
83.3
79.6
83.3
79.2
83.5
79.2
83.7
79.1
83.5
79.0
Machinery and motive products 9
Agricultural machinery and equip
Construction machinery and equip§
Electrical machinery and equipment
Motor vehicles
Metals and metal products 9
Heating equipment
Iron and steel
Nonferrous metals
_
Tobacco prod, and bottled beverages 9
Beverages, alcoholic
Cigarettes.
Miscellaneous
Toys, sporting goods
108.3
' 132. 7
'62.7
97.9
'116.7
'114.3
108.2
132.6
62.5
97.5
114.9
113.5
r
r 140. 7
153. 2
148.5
M77. 6
' 152. 5
* 140.7
153.1
148.5
177.8
152.4
140.5
152.2
116.8
168.6
133.9
' 152. 3
' 115. 3
169.5
131.9
152. 5
115. 3
170.0
132.0
137.9
162.3
131.0
133.2
137.9
162.3
131.0
133.2
138.6
«• 162.1
' 131. 2
134.9
138.5
162.1
130.8
134,9
133.4
145.7
144.7
141.3
133.1
145. 7
143.6
141.3
132.3
145.7
141.2
137.1
95.9
101.1
93.4
128.4
78.6
101.2
95.8
101.1
92.8
128.5
78.5
101.1
95.4
101.0
91.7
125.9
78.2
101.3
95.2
101.0
91.2
125.7
77.8
100.8
132.6
145. 7
140.1
137.2
95.0
132. 8
145. 7
139.9
137.1
94.8
100.7
90.7
130. 8
77.4
100.0
100.6
90.1
129.3
77.5
99.7
132.0
121.1
134.8
89.9
118.5
132.0
121.1
134.8
91.1
118.6
132.0
121.1
134.8
90.3
118.6
132.0
121.1
134.8
90.6
118.6
132.1
121.2
134.8
92.4
118.6
132.1
121.2
134.8
95. 4
118.9
132.1
121. 3
134. 8
94.7
118. 9
83.9
79.0
83.9
78.9
83.6
83.6
78.5
83.7
78.4
83. 5
' 78, 5
183.3
r
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
Consumer prices
_
__
1947-49= 100...
do—
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACEf
New construction (unadjusted), totalf
mil. of dol__
Private, total9
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
.do
do
do _
do
do
_ _
New construction (seas, adj., annual rates), totalf-do
Private, total 9 ._
do
Residential (nonfarm). . _ .
do
Nonresidential buildings, except farm and public
utility, total 9
mil. of dol
Industrial
do
Commercial
do
Farm construction
_ do. _
Public utility
do
Public, total 9
_
do _
3,813
3,621
3,866
4,192
4, 648
5,008
5,184
5,241
5,244
6, 063
4.810
4,458
3,803
3,580
2,870
2,737
2.875
3 022
3 265
3 474
3 580
3 559
3 543
3 484
3 390
3 126
2 728
2 581
1 620
1,282
269
1 478
1 152
259
1 600
1 235
2°8
1 727
1 281
378
1 885
1 352
460
2 02°
1 476
469
2 089
1 526
483
2 050
1 524
446
o 903
1*492
450
1 949
1 443
424
1 879
1 392
400
1 700
1 267
343
1 419
1 055
' 274
1 299
942
773
225
309
100
355
781
235
313
99
360
761
230
302
100
395
749
224
297
102
425
784
222
321
111
462
833
224
348
118
476
860
231
354
122
482
871
238
351
1?3
489
889
248
358
116
489
912
256
372
106
490
923
263
382
98
463
896
265
365
81
426
853
266
338
70
363
826
260
327
71
364
1,534
1 604
1 682
1 701
1 579
1 420
1 332
1 075
999
408
157
494
360
qqo
qoo
QK7
112
507
321
98
266
323
81
262
299
943
884
991
1,170
1,383
328
89
224
302
308
61
241
274
334
92
253
312
378
88
356
348
394
103
515
371
419
126
586
403
459
114
637
394
444
135
687
416
446
143
693
419
443
135
604
397
54, 726
54, 889
54, 419
54, 166
55, 260
55, 189
55, 390
55, 298
55, 325
54, 736
55, 430
56, 135
54, 835
54, 433
39, 894
39, 709
39, 263
38, 72?
38 916
39 103
39 035
38 660
38 697
38 331
38 581
38 598
37 884
37 331
23, 244
22 536
22 392
21 930
22 180
22 362
22 308
21 783
21 716
21 228
21 428
21 490
on 4.^9
1Q &4A
9,720
2,556
4,140
1,374
5,232
10, 224
2,748
4, 356
1,357
5,292
10, 032
2,772
4 116
1,331
5,232
9,948
2 772
4 056
1,324
5 256
9 828
2 760
3 960
1,328
5 316
9 754
2 788
3 881
1 324
5 405
9 821
2 868
3 870
1 267
5 364
9 962
2*934
3 922
1 240
5 406
10 173
3 041
4 036
1 246
5 285
10 313
3 084
4' 133
1 225
5 261
10 335
3 036
4 198
1 125
5 282
10 393
2 982
4 307
1 114
5 320
10 712
3 031
4 C1 C
1 016
5 393
10 749
3 r\q7
4 KQC
1 027
5 QQft
14, 832
15, 180
15, 156
15 444
16 344
16 086
16 355
16 638
16 628
16 405
16 849
17 537
16 951
1 7 1O9
5,096
5,205
I Q'-M
£ ea?
Nonresidential buildings
do
4,308
4,308
4,500
4,698
4,692
4,560
5,083
4,811
4,878
4,902
Military facilities
_
do
996
1,272
1,512
1 236
1 283
1 200
1 265
1 430
1 392
1 354
Highway.
.do
5.448
5,004
F\ 7Q1
fi. 19,1
5' QS7
5. 639
5. 768
6.168
5. 112
5.304
r
Revised.
1 Indexes based on 1935-39=100 are as follows: Measured by—wholesale prices, 43.6 (February); consumer prices, 46.9 (January)
cfSee 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.
f Revised series. Data (from Bureau of the Census') reflect the new definition and higher level of housing starts and include construction in Alaska and
are available in Census reports.
957
5,043
1 819
A ? «nn
5,109
1 453
« fifin
1 /MA
r; Q7R
Hawaii: comparable figures for 195 9
SURVEY OF CUREENT BUSINESS
S-8
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
March 1961
1960
January
February
March
April
May
June
1961
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 .
2,193
2,240
3,046
3,360
3,337
3,472
3,597
3,295
3,119
3,319
2,886
2,718
2,485
727
1,466
702
1,537
1,075
1,971
1,067
2,293
1,025
2,312
1,237
2,236
1,413
2,184
1,018
2,277
995
2,124
1,125
2,194
1,071
1,815
1,218
1,500
838
1,647
do
do
do
do
801
927
353
111
698
988
413
141
1,067
1,294
566
120
1,048
1,480
654
178
1,110
1.453
494
281
1,110
1,483
693
186
1,152
1,329
794
321
1,177
1,433
520
165
1,124
1,277
544
173
1,165
1,390
647
117
916
1,253
566
152
994
878
735
110
813
974
400
298
_ -do
1,265
1,402
2,001
2,005
1,803
2,885
2,005
1,859
2,232
1,796
1,775
1,875
1,661
1,360
7,410
1,069
4,791
1,550
5,961
223
4,370
1,369
7,826
415
5,267
2,145
8,406
335
5,482
2,589
9,963
309
6,202
3,452
11, 069
1,284
5,784
4,000
10, 637
1,526
5,230
3,881
11,216
684
6,366
4,166
7,446
405
3,829
3,212
8,541
635
4,461
3,445
11, 208
207
7,045
3,957
12, 101
31
88.4
69.8
87.1
90.2
70.9
87.9
93.3
74.0
90.2
125.2
102.3
123.5
130.0
101.6
127.3
127.3
101.5
122.2
114.9
90.6
111.1
129.6
102.9
124.8
102.0
79.9
96.4
110.4
85.1
107.6
96.0
72.3
94.3
'72.1
50.1
' 65. 4
'70.6
77.7
68.0
73.9
do
do
do
84.3
64.1
83.0
88.8
65.3
86.5
92.3
66.6
89.2
123.4
82.8
121.7
128.2
90.7
125.5
125.7
83.6
120.6
113.2
79.7
109.4
127.5
85.1
122.7
100.0
67.6
94.4
107. 4
74.1
104.5
95.0
66.3
93.3
'71.6
50.8
'64.9
'69.1
51.7
' 66. 5
74.2
do
do
1, 366. 0
1, 291. 0
1, 367. 0
1, 347. 0
1, 112. 0
1, 098. 0
1, 327. 0
1, 307. 0
1, 333. 0
1,315.0
1,302.0
1, 285. 0
1, 182. 0
1, 164. 0
1, 292. 0
1, 273. 0
1,062.0
1, 040. 0
1, 236. 0
1, 200. 0
1,216.0
1, 203. 0
1947-49=100..
143
143
143
143
143
144
143
143
144
144
144
144
144
144
1913=100.
do
do. __
do
do
714
779
778
670
691
715
787
778
674
691
716
787
778
674
691
717
789
778
674
693
719
789
778
674
696
720
789
778
674
696
722
789
778
671
704
723
789
779
671
704
727
803
787
679
704
728
803
795
681
706
730
806
795
690
710
731
806
796
691
710
732
806
808
691
710
733
806
808
695
710
Associated General Contractors (all types)
__do
E. H. Boeckh and Associates :f
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:
ComDOsite standard mile (avu for otr ) 1946 — 100
527
527
529
529
530
535
537
538
537
538
538
538
539
536
310.5
300.6
296.5
312.2
302.6
298.1
311.4
301.6
297.6
312.0
302.0
298.0
313.3
302.7
298.9
314.6
303.2
299.1
314.7
302.7
298.5
314.6
302.4
297.9
315.1
302.7
297.9
315.0
302.5
297.2
315.0
302.4
297.0
315.1
302.4
296.8
315.6
302.5
296.4
315. 7
302.5
296.4
322.7
320.0
296.3
293.6
304.0
324.0
321.5
298.4
294.6
305.1
323.5
320.9
297.8
294.1
304.6
324.1
321.4
298.2
294.6
304.9
325.6
322.6
299.1
295. 6
305.6
327.1
322.2
299.8
296.0
303.2
327.7
321.3
299.2
295.6
301.3
327.6
320.8
298.8
294.7
300.5
328.2
321.1
298.9
294.4
300.8
328.1
321.0
298.5
293.5
300.8
328.1
320.8
298.4
293.3
300.4
328.2
320.8
298.2
293.0
300.3
329.0
320.8
298.2
292.2
300.1
329.1
320.9
298.2
292.3
300.1
297.6
287.5
299.1
288.8
298.6
288.2
299.0
288.7
299.9
289.5
300.5
289.8
300.0
289.2
299.5
288.5
299.6
288.3
298.9
287.5
298.7
287.3
298.5
287.1
298.2
286.5
298.2
286.5
164.3
179.4
164.2
179.5
164.4
179.9
165.5
181.6
165.9
182.5
166. 4
183.1
166.3
183.3
166.4
183.4
166.0
183.1
165.9
183.2
166.1
183.3
166.5
184.2
166.5
184.2
166.5
184.1
Public ownership
Private ownership
By type of building:
Nonresidential
Residential
Public works
Utilities
Engineering construction:
Contract awards (ENR)§
-do _
do
._
Highway concrete pavement contract awards :d"
Total
thous. of sq. yd
Airports
do
Roads
do
Streets and alleys
do
9,0'2
2,727
HOUSING STARTS f
New housing units started: t
Unadjusted:
Total, incl. farm (public and private) _ .thousands. .
One-family structures
do
Privately owned
do
Total nonfarm (public and private)
In metropolitan areas
Privately owned
_
Seasonally adjusted at annual rates:
Total incl farm (private only)
Total nonfarm (private only)
70.4
'979.0 '1,076.0 1, 154. 0
' 970. 0 ' 1, 049. 0 1, 100. 0
CONSTRUCTION COST INDEXES
Department of Commerce composite t
American Appraisal Co., The:
Average, 30 cities _ .
Atlanta
New York
San Francisco
St. Louis
134.4
136.6
133 7
135 0
CONSTRUCTION MATERIALS
Output index, composite, unadj 9©
Seasonally adjusted 9 ©
Iron and steel products, unadj ©
Lumber and wood products unadj ©
Portland cement, unadj
1947-49—100
do
do
do
do
119.4
127.2
120.8
136.7
132.4
137.1
135.3
133.1
141.7
132. 1
145.4
136.3
127.6
132.2
145.6
132.1
137.0
131.3
r
125.6
127.2
112.4
115.6
133.3
96.8
125.0
142.8
110.9
129.0
137.3
162.6
134.1
142.0
191.6
143.3
138.6
187.8
125.0
115.8
191.3
135. 7
142. 0
199,0
127.7
133.1
186.2
120.0
f 127. 6
188.1
417, 016
195, 331
367, 646
169, 641
360, 916
173, 143
335, 700
152, 633
322, 483
155, 139
364,909
174, 557
362, 163
160, 340
416, 954
180, 818
425, 124
169, 070
1,740
1,628
1,520
1,558
1,574
1,770
1,674
1,696
868
975
1,144
1,151
1,232
1,397
1,268
291
377
200
339
405
231
405
458
281
404
461
286
435
509
288
471
598
328
408
569
291
2,079
3,630
2,149
3,470
2,406
4,145
2,366
3,918
2,500
4,001
2,690
4,514
92,949
96, 782
116,365
98, 106
86, 940
82, 829
113.8
119.5
' 128. 7
114. 0
106.1
115. 3
158.0
105.5
122.7
433, 655
162, 077
403,684
150,404
390,257
141,867
410, 350
131, 648
1,736
1,735
1,741
1,981
1,571
1,413
1,316
1,250
1,140
'1,171
967
430
651
332
402
591
323
394
545
311
332
508
300
'373
'470
'328
285
400
282
2,528
4,289
2,784
4,347
2,598
4,814
2,525
2,378
2,338
2,075
82, 998
90,037
81, 845
92,730
84,340
101, 903
117,252
r
REAL ESTATE
Home mortgages insured or guaranteed by-Fed Hous. Adm.: Face amount
thous of dol
Vet Adm/ Face amount
do
Federal Home Loan Banks, outstanding advances to
member institutions
mil of dol
New mortgage loans of all savings and loan associations, estimated totalj
mil. of dol
By purpose of loan:}:
Home construction
do
Home purchase
do
All other purposes
__
_do
New nonfarm mortgages recorded ($20,000 and under),
estimated total
_ __ _ _
_mil. of dol
Nonfarm foreclosures
number
Fire losses
thous. of dol..
116,606
r
Revised.
§Data for March, June, September, and December 1960 are for 6 weeks; other months, 4 weeks. Contracts in Alaska and Hawaii are included beginning 1960.
cfData for March, May, August, and November 1960 are for 5 weeks; other months, 4 weeks.
t Revised series.
Data (from Bureau of the Census) are based on a different definition of a housing unit and reflect more complete coverage than the old series and inclusion of starts in
Alaska and Hawaii; approximately comparable figures for 1959 are available in Census reports.
{Revisions for Dept. of Commerce construction cost index (prior to 1958) and for new mortgage loans (1955-November 1959) will be shown later.
^Copyrighted data; see last paragraph
of headnote, p. S-l.
OData reported at the beginning of each month are shown here for the previous month.
9 Includes data for items not shown separately.
©Revisions for 1955-57
for the composite index of construction materials output and for lumber and wood products are in the September 1959 SURVEY (p. 20); revisions for 1958-September 1959 will be shown later.
SUEVEY OF CUKKENT BUSINESS
March 1961
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of JanuBUSINESS STATISTICS
ary
S-9
1960
February
March
April
May
June
1961
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
227
226
182
239
246
189
241
247
198
238
256
191
245
258
195
243
242
193
247
250
195
236
259
179
235
251
181
246
247
208
234
244
175
235
235
181
do
do
do
1950-52=100..
202
148
21
471
207
164
26
495
216
155
24
468
209
160
19
473
225
166
23
472
220
171
27
492
203
166
28
547
198
169
25
502
205
164
22
492
203
170
21
507
202
166
22
513
209
147
18
500
Television advertising:
Network:
Gross time costs, total
thous. of doL.
Automotive, including accessories
do _ _
Druers and toiletries
do ___
Foods, soft drinks, confectionery
do
57, 718
4,424
17,276
11, 826
55, 578
4 495
16, 875
11 354
58, 603
4, 756
17, 357
11, 596
55, 923
4,527
14, 896
10,782
55, 500
5,056
15, 108
10, 059
52, 971
3 588
16,175
10,043
55 778
3 796
14 508
8 786
50, 867
3 174
16, 888
9 575
51, 415
4 022
14, 791
9,203
5,829
7,302
11,061
5,689
6,126
11,040
6,419
6,427
12, 047
6,089
6,486
13, 144
5,755
6,410
13, 112
5, 768
6 651
10, 747
4 377
5 464
18 848
5 619
6 254
9 358
6,234
6 365
10, 800
Newspapers
Outdoor
Radio (network)
Television (network)
-
Soaps, cleansers, etc
Smoking materials
All other
__ -Spot (national and regional):
Gross time costs, quarterly total
Automotive, including accessories
Drugs and toiletries
_
Foods, soft drinks, confectionery
do
do
do
do
_ _ _ do
do
do
167, 981
6,102
32, 489
54, 355
^eO, 648
6 372
27,220
50, 232
*125 012
4 664
22 582
37, 853
do
do
do
20, 449
11, 038
43, 548
21, 569
8, 535
46 720
17 407
7 656
34 850
Soaps, cleansers, etc
Smoking materials
All other
Magazine advertising:
Cost, total
-- _
Apparel and accessories
Automotive incl accessories
Building mpterials
Drugs and toiletries
Foods, soft drinks, confectionery
do
do
_ _ _ do _
do
- - do _
do
Beer wine liquors
Household equip , supplies, furnishings
Industrial materials
Soaps, cleansers, etc
__
Smoking materials
Allother
—
Linage, total
_ _ _ _
do
__ do
do
do. __
do
do
Automotive
Financial
General
Retail
_
_ _
_ _ _
63 982
63 350
7 177
5 452
365
16 574
ll 931 12 274
r
17,
r
r
6 225
6 148
!4 505
6 070
6 240
17 372
44, 468
1,786
5,067
1,145
4,314
6,918
69, 130
3 201
7,877
2 411
6,392
10, 973
78, 529
5 532
8 332
4 254
6 587
11, 608
88, 366
6,534
11, 599
5,446
6,509
10, 709
86, 863
6,548
10, 353
4,839
7,650
10, 115
69, 372
2 779
7 763
3 515
7 762
9,929
51 260
742
5 639
2 118
6' 257
7 816
51 089
5 265
4 048
1 905
5 683
7 541
69 563
8 697
3 915
4 139
6 221
8 724
98 071
6 841
14 739
3 374
8 828
13, 144
82 400
5 182
9 697
1 950
7 407
10 353
64 714
3 575
5 341
800
6 440
9 403
48 883
1 468
6 825
1 555
3 899
8 032
1,893
2,153
2,748
547
1,592
16, 303
3,808
4,238
4,252
877
2,608
22, 494
3 866
6, 166
4 497
863
1 978
24, 848
4,324
8,546
5,657
1,205
2 093
25, 745
4,594
8,812
5,929
1,076
2,464
24, 482
3 967
5 930
5 238
722
1 981
19, 787
3 344
3 142
3 870
585
2 092
15, 654
2 682
3 005
3 531
528
2 082
14, 820
3 857
5 524
4 969
704
1 918
21, 595
5 293
8 253
6 355
867
2 259
28, 119
5 771
7 322
4 865
823
2 517
26, 514
7 467
4 422
3 529
351
2 611
20, 775
2 687
2 003
1 897
445
1 676
18, 395
4,002
3 619
4 457
5 314
5 914
4 787
4 060
240, 074
60 905
179 169
265 798
63 434
202 364
256 625
55 626
200 999
238 724
48 260
190 464
12 253
3 802
28, 782
134 333
17 012
4 844
36, 341
144 166
13 148
4 343
34, 119
149 390
8 507 11 038
6 722
4 610
24 803 19, 003
152 545 105 352
4,283
5,010
5,550
5,492
4,961
do
do _
do
212, 027
60, 047
151,980
209, 661
58, 100
151, 561
243, 585
61 127
182, 458
256, 329
65 827
190, 501
273, 697
69, 808
203, 889
250, 556
65 Oil
185, 545
217 418
63 504
153 914
224, 124
63 563
160 561
do
do
do
do
10, 590
6,420
21, 838
113, 132
12, 187
3,847
25, 833
109, 694
14 097
4 753
30, 496
133 112
17 092
4,442
31, 448
137, 520
18, 274
4,117
36, 032
145, 465
18 018
4 796
30, 786
131, 945
12
4
23
113
11 905
3 408
21, 977
123 271
_ _ thous. of lines._
Newspaper advertising linage (52 cities), total
Classified
Display, total
_-
r
124
852
240
697
2
9 206
195 666
53 552
142 115
PERSONAL CONSUMPTION EXPENDITURES
Seasonally adjusted quarterly totals at annual rates:f
Goods and services, total
bil of dol
323 3
329 0
328 3
330 8
Durable goods, total 9 ._
_ _ _ do
Automobiles and parts
do
Furniture and household equipment
do _
44.2
18.5
18 9
44 5
18.9
18 7
42 7
17.5
18 3
43 2
18 5
18 0
do
do
do
do
150.5
27 8
79.5
11.4
153.5
28 3
81.4
11.7
152.7
28 2
80.7
11.7
152 9
27 6
81.5
11.8
do _
do
do
do
128.6
18.9
41 9
10.3
130 9
19.1
42 5
10.5
132 9
19.3
43 1
10.5
134 7
19.6
43 8
10.5
Nondurable goods, total 9
Clothing and shoes
Food and alcoholic beverages
Gasoline and oil
Services, total 9
Household operation
Housing
Transportation
-
_
- -
RETAIL TRADE
All retail stores:
Estimated sales (unadjusted), total-
mil. of doL. 316,312
15,829
17, 419
19, 200
18, 548
18,918
18, 066
18, 153
17,898
18,648
18,385
22,251
3 5, 097
3,025
2,856
169
5,232
3,129
2,964
165
5.830
3,586
3,402
184
6,369
3,755
3,527
228
6,414
3,688
3,465
223
6 637
3 735
3 494
241
5 793
3,097
2 869
228
5,970
3,221
3,003
218
5,633
2,863
2,661
202
6 032
3,232
3,027
205
5 833
3,174
2 976
198
6 178
3,028
2, 756
272
Furniture and appliance group
do
Furniture, homefurnishings stores
do
Household-appliance, TV, radio stores .do
781
485
296
797
509
288
807
516
291
838
548
290
875
569
306
918
575
343
861
540
321
901
581
320
886
563
323
922
601
321
931
607
324
1,141
701
440
Lumber, building, hardware group
Lumber, building materials dealerscf
Hardware stores
699
524
175
720
542
178
789
588
201
996
732
264
1,055
789
266
1,124
853
271
1,053
802
251
1,096
859
237
1,041
802
239
1,051
814
237
945
723
222
916
611
305
Durable goods stores 9
Automotive group
Motor-vehicle, other automotive dealers
Tire, battery, accessory dealers
do
do
do _.
do
do
do _.
do
4
15, 691
4
4
4 697
2, 719
4
685
4
15, 097
4
4
4 569
2, 656
4
667
311,215 10, 597
11, 589
12, 552
12, 183
12, 265
12, 616
12,831 12, 134
16, 073 4 10,4 994 * 10,4 528
12, 281 12,273
Nondurable goods stores 9
do
931
946
1,072
Apparel group
_ _ _
do 792
999
1,176
1 954
869
1 083
1,130
1,348
749
943
1,170
163
199
153
221
173
187
222
193
228
212
Men's and boys' wear stores
_ _ do
433
175
363
442
435
320
463
393
380
405
369
468
526
Women's apparel, accessory stores
do
757
224
203
234
178
212
313
238
Family and other apparel stores
do
268
301
505
249
288
166
141
184
199
233
179
206
259
187
202
287
Shoe stores
do
208
T
Revised.
1 Not comparable with data through 1st quarter 1960 due to change in estimating procedures; figures comparable with 1st quarter
1960 are as follows (thous. dol.): 1960—
3
2d quarter, 174,245; 3d quarter,
135,013.
2 Beginning January 1961, data represent ad page volume; comparable figure for January 1960,9,743.
Beginning January 1960, data for Alaska and
Hawaii are included. 4 Advance estimate.
t Revised series. Revisions for 1957—March 1959 appear on p. 17 of the July 1960 SURVEY.
9 Includes data not shown separately.
cf Comprises lumber yards, building materials dealers, and paint, plumbing, and electrical stores.
SURVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
March 1961
1960
January
February
March
April
May
June
1961
July
August
SeptemNovem- DecemOctober
ber
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. of doL
Eating and drinking places
do
Food group
__
__do _ .
Grocery stores
do
Gasoline service stations
_- - do __
620
1,219
4,319
3,853
1,356
604
1,141
4,079
3,634
1,286
603
1,210
4,380
3,919
1,388
607
1,304
4,601
4,127
1,457
611
1,377
4,379
3,909
1,489
603
1,413
4,517
4,035
1,525
607
1,493
4,704
4,216
1, 587
613
1,476
4,423
3,948
1,568
608
1,389
4,531
4,069
1,471
627
1,376
4,529
4,057
1,506
608
1,302
4,445
3,966
1,455
806
1,357
5, 128
4,589
1,506
1595
1
1, 270
i 4, 227
i 3, 786
U,367
i
i
i
i
1,492
866
106
230
353
1,433
809
117
245
347
1,678
974
137
262
359
2,080
1,217
148
343
383
1,846
1,074
141
298
375
1,891
1,114
134
307
386
1,700
969
116
294
420
1,913
1,091
153
318
400
1,928
1,134
148
309
398
2,080
1,237
163
322
404
2,226
1,306
222
331
421
3,588
2,073
257
684
646
1 1, 422
1821
i 1,418
1811
218,090
18, 100
18, 234
18, 911
18, 480
18, 504
18, 107
18, 190
18, 054
18, 540
18, 401
2 5, 891
3,230
3,003
227
6,040
3,398
3,181
217
5,937
3,458
3,250
208
6,303
3,582
3,350
232
6,080
3, 375
3,157
218
6,010
3,353
3,142
211
5,687
3,005
2,796
209
5,779
3,211
3,016
195
5,797
3,176
2,971
205
6,093
3,405
3,203
202
5,939
3,348
3,150
198
5,561
3,000
2,783
217
i 5, 430
i 2, 899
Furniture and appliance group
do _ _
Furniture home^urnishings stores
do
Household-appliance, TV, radio stores. _do
916
572
344
917
581
336
868
544
324
926
595
331
918
584
334
882
562
320
907
577
330
875
558
317
899
578
321
898
581
317
845
542
303
849
541
308
1797
Lumber, building, hardware group
Lumber building materials dealers cf
Hardware stores
967
727
240
1, 003
762
241
912
682
230
999
738
261
989
743
246
983
739
244
981
728
253
953
723
230
917
686
231
947
718
229
928
713
215
917
685
232
212,199
__do
1,164
do
230
__ do_ __
451
do
271
do
212
do__ .
12, 060
1,119
215
436
264
204
12, 297
1,137
221
429
277
210
12, 608
1,168
212
455
277
224
12, 400
1.117
213
435
270
199
12, 494
1,125
215
437
270
203
12, 420
1,119
204
451
257
207
12,411
1,162
222
460
266
214
12, 257
1,122
210
447
256
209
12, 447
1,110
206
450
259
195
12, 462
1,118
210
443
272
193
do
do
do
do
do
627
1,332
4,395
3,912
1,449
627
1,297
4,412
3,933
1,423
612
1,309
4,511
4,032
1,453
623
1,380
4,439
3,964
1,496
619
1,342
4,566
4,088
1,451
619
1,355
4,604
4,123
1,462
629
1,348
4,474
3,994
1,474
628
1, 315
4,526
4,048
1,456
632
1,332
4, 425
3,969
1,466
637
1,341
4,520
4,045
1,482
638
1,343
4,606
4,123
1,464
624
1,363
4, 536
4,070
1,497
1604
i 1, 385
i 4, 524
do __
do
do
do _ _ .
do
1,967
1, 155
140
320
393
1,901
1,088
141
330
403
1,942
1,114
149
327
396
2,123
1,251
165
332
409
1,936
1,114
148
334
406
1,974
1,146
149
334
419
2,004
1,185
151
326
416
1,978
1,127
153
343
418
1,972
1,141
151
328
404
2,020
1,197
158
321
397
1,967
1,118
166
334
418
1,981
1,156
156
315
395
i 1, 904
do_ __
_ do
do_ _ _
23, 660
11, 180
12, 480
24, 640
11,790
12, 850
25, 800
12. 230
13, 570
25, 790
12, 290
13, 500
25, 800
12, 360
13, 440
25, 340
12, 180
13, 160
25, 100
11, 990
13, 110
24, 960
11, 480
13, 480
25, 020
11,040
13, 980
25, 890
11,550
14, 340
26, 380 '24,390
11,800 »• 11, 420
14, 580 ' 12, 970
24, 240
11, 480
12, 760
_ do _
do__ _
do
do
do
24, 490
11, 260
4,540
1,990
2,350
24,810
11, 590
4,870
2,020
2,340
25, 120
11,640
4, 950
2,010
2,310
24, 960
11,630
4,970
2. 030
2, 290
25, 200
11,760
5,100
2,020
2,300
25, 320
11,820
5, 140
2, 050
U, 310
25, 420
11, 900
5, 180
2,090
2,280
25, 200
11.650
4; 920
2, 100
2,270
25, 340
11,760
5,070
2,060
2,290
25, 360
11, 900
5,240
2,030
2,290
25, 420 r 25, 470
11,930 r 11, 930
5,270
5,300
2,040 ' 2, 000
2,270 ' 2, 280
25, 180
11,610
4,980
1, 960
2,280
do
do
do.__
do
13, 240
2,740
2,960
4,250
13, 220
2,720
2, 980
4,230
13, 480
2,790
3,050
4,290
13, 330
2,710
3,070
4,220
13,440
2,730
3,060
4,280
13, 500
2, 740
3,040
4,360
13, 510
2,750
3,040
4,390
13, 550
2,780
3,040
4,420
13, 580
2,790
3,020
4,410
13, 460
2,780
3,000
4,320
13, 490
2,780
2,990
4,370
13, 540
2,810
3, 050
•• 4, 350
13, 570
2,860
3,040
4,290
do __
2 3, 987
3,817
4,289
4,932
4,479
4,650
4,552
4,556
4,757
4,904
4,970
6,800
do __
2
3, 468
3,289
3,687
4,253
3,848
4,009
3,930
3,916
4,075
4,145
4,199
5,784
General merchandise group 9
Department stores, excl. mail-order
Mail-order (catalog sales) _
Variety stores
Liquor stores
-
do
do
do
do
do. __
Estimated sales (seasonally adjusted), total. _ do
Durable goods stores 9 — _
__do
Automotive group
do _
Motor-vehicle other automotive dealers do
Tire battery, accessory dealers
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
do __
do
do
_ __
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
-_
17, 977 1 17, 675 i 17, 821
r
- do
do
_ do
do __
191
16
75
64
169
12
70
56
219
15
91
70
337
23
136
117
252
17
108
83
260
20
107
87
209
15
91
69
229
14
102
75
270
15
110
94
276
20
119
82
277
22
122
77
455
38
206
119
Drug and proprietary stores
Eating and drinking places
Furniture homefurnishings stores
do
- - do__ _
do _
101
76
25
96
73
34
99
78
38
104
84
36
102
85
37
106
86
41
106
91
35
104
90
38
106
84
38
109
87
41
107
82
45
170
83
43
General merchandise group 9
Department stores, excl. mail-order
Variety stores
Grocery stores
Lumber building materials dealerscf
Tire, battery, accessory stores
_. do
__do
do
do
do
do
903
543
174
1,670
46
63
870
502
188
1,553
46
62
1,035
616
204
1,690
51
69
1,306
782
270
1,796
64
87
1,154
690
232
1, 622
71
88
1,205
733
241
1,690
76
94
1,081
646
227
1,792
73
88
1,225
711
247
1,624
78
84
1,221
730
237
1,764
73
77
1,316
795
246
1,706
75
81
1,411
820
257
1,672
65
79
2,264
1,271
530
2,023
54
108
do
2 3, 992
3,893
3,954
4,092
4,005
4,105
4,108
4,079
4,099
4,090
4,065
4,054
do
do __
do
do
269
21
112
88
260
19
108
84
251
18
104
84
270
20
114
86
257
19
107
82
260
19
110
82
258
19
109
79
274
20
114
85
267
19
113
85
267
18
118
83
262
18
114
82
251
17
110
76
do
do. _,
do
108
83
31
105
81
37
102
80
38
109
87
37
105
85
38
109
83
41
110
86
40
109
83
38
111
83
39
112
84
38
113
84
39
113
83
37
1,211
1,293
1,166
1,262
1,280
1,305
1,238
1,220
1,279
1,261
General merchandise group 9
do
704
765
778
675
771
732
724
747
788
724
Department stores excl mail-order
do
255
253
251
264
260
248
255
264
246
266
Variety stores
do
1,710
1,664
1,709
1,694
1,715
1,736
1,740
1,724
1,687
1,688
Grocery stores
do
59
64
63
64
66
66
66
64
66
65
Lumber building materials dealerscf
do
80
82
88
81
83
82
83
83
84
78
Tire, battery, accessory stores
do
2
' Revised.
i Advance estimate.
Beginning January 1960, data for Alaska and Hawaii are included,
9 Includes data not shown separately.
materials dealers, and paint, plumbing, and electrical stores.
1,222
702
254
1,744
65
81
1,213
709
241
1,759
64
79
Apparel group 9
_
Men's and boys' wear stores
Women's apparel, accessory stores
Shoe stores
_
Drug and proprietary stores
Eating and drinking places
Furniture homefurnishings stores
__
- -
i 5, 457
12,416 i 12,245 i 12, 364
1,086 i 1, 123
207
429
266
184
Apparel group 9
Men's and boys' wear stores
Women's apparel, accessory stores
Shoe stores
Estimated sales (seas, adj.), total 9
i 579
1, 212
4, 083
3, 684
1, 255
i 1, 450
d1 Comprises lumber yards, building
SURVEY OF CURRENT BUSINESS
March 1001
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-ll
1960
M
January
™T" | «<*
April
May
June
1961
I July
December
August Septem- October
ber
January
February
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Department stores:
Accounts receivable, end of month :J
Charge accounts
1947-49=100
Installment accounts
do _.
Ratio of collections to accounts receivable:
Charge accounts
percent
Installment accounts
__do
Sales by type of payment:
Cash sales
percent of total sales
Charge account sales
- -do _
Installment sales
do _ _
Sales unadjusted total U.S
170
431
168
426
164
424
151
415
151
406
162
415
171
422
184
431
244
479
210
480
45
14
45
14
48
16
44
15
44
15
48
15
45
14
47
15
46
15
47
15
48
15
48
15
45
14
43
41
16
42
42
16
42
43
15
43
43
14
43
42
15
43
42
15
44
41
15
43
42
15
42
43
15
41
43
16
42
43
15
44
42
14
43
40
17
111
106
115
150
138
137
122
132
145
153
171
'261
p 108
139
99
101
'109
135
115
137
93
95
105
122
105
149
95
108
113
143
119
194
133
139
144
172
154
173
124
130
135
159
150
165
123
129
131
156
146
165
95
113
116
156
140
170
106
123
128
165
154
172
131
136
140
159
159
187
132
143
145
176
164
206
155
158
167
190
181
329
249
238
254
293
'274
P136
p96
p 97
P 105
v 132
P119
do
do
do.__
do
do
do
98
108
108
112
111
r
122
99
102
102
105
102
121
105
107
113
114
110
126
139
137
153
165
150
153
127
127
134
143
144
145
133
130
134
139
134
147
1C9
101
108
129
119
142
132
109
114
135
134
154
144
138
141
154
142
152
152
147
149
169
152
156
154
167
178
182
166
177
'238
'245
250
'283
'248
282
p 96
p 103
pQ7
p 105
P 105
p 118
do
' 147
142
138
154
141
145
149
143
144
150
142
147
P 1 42
180
131
134
162
122
125
139
164
142
192
134
145
144
181
164
176
125
132
139
159
150
183
129
134
139
170
154
194
125
141
143
175
159
178
124
134
139
169
151
185
126
132
140
166
154
189
129
140
144
172
164
179
129
129
136
163
157
187
128
137
142
171
' 159
p 177
P 126
P 130
P 1 40
P 107
P Ifil
Sales seasonally adjusted, total U.S. 9
-
ATinneipolis
New York
Philadelphia
Richmond
St Louis
San Fnncisco
161
435
do _ _
do
do__ _
- --do ___
do
do _
_
•\tlanta
"Boston
Chicago
Cleveland
Dallas
Kansas City
178
446
__1947-49=100--
Atlanta
Boston
Chicago
Cleveland
Pallas
Kansas City
Minneapolis
New York
Philadelphia
Richmond
St Louis
San Francisco
214
460
-- --
Stocks, total U.S., end of month:
Unadjusted
Seasonally adjusted?
do
do __
___do ___
- - do. _
do
do
'146
171
156
175
130
127
136
163
144
do
-do _
___do
-- do
do
- do. _.
137
135
146
156
150
'157
135
133
143
149
134
158
123
126
134
140
131
157
147
144
151
168
1 59
159
133
131
136
144
143
153
137
135
144
149
144
J 53
136
135
142
156
144
159
132
137
136
149
140
155
134
136
139
153
138
155
138
140
145
162
149
160
137
131
136
150
139
152
138
1 35
136
' 1 53
142
1 59
P
P
p
p
P
- do__
do __
144
161
152
160
lf>5
lf)2
lf>5
159
103
161
157
165
158
167
165
169
176
168
186
167
192
169
r
150
' 165
P 144
p 161
bil. ofdoL.
do _
do
11.3
4.1
79
11.4
4.2
7.2
12.5
4. 5
8.0
12 2
4.6
7.6
12.3
4.6
7 7
12.8
4.8
8.0
11.6
13.0
4 7
12.7
4 6
81
12.8
4 5
8 2
12.9
4 3
86
r
12. 6
11 4
38
_ __do do .__
do __
12. 7
6. 5
6.2
12.7
6.7
6.0
12.9
6.9
6.0
1 2. 9
6. 9
6.0
12.9
7.0
5.9
12.9
7.0
5.9
13. 0
7.0
5.9
13.1
7 0
6. 1
13.2
6 9
63
13. 6
69
67
13. 6
68
68
' 13 2
'6 6
66
p 110
P 147
134
120
131
146
141
WHOLESALE TRADE
Sales estimated (unadj.), total __ _
Durablo poods establishments
Nondurable goods establishments
-
Inventories estimated (unaclj.), total
Durable goods establishments
_ _
Nondurable eroods establishments
7 3
r 4 I
85
13 1
6 6
6 6
EMPLOYMENT AND POPULATION
POPULATION
Population, United States (incl. Alaska and Hawaii):
Total incl armed forces overseas!
thousands
179, 388
179, 594
179. 787
180, 004
180,217
180. 439
180 670 | iso 936
181 232
181 519
181 778
1S2 018
189 257
Ig9 4g«j
124 606
124 716
124 839 124 917
125 033
125 162
125 °88
125 499
125 717
195 936
19f) 222 126 482
196 79!>
126 918
70, 689
70, 970
70, 993
72, 331
73, 171
75, 499
75,215
73, 672
73, 592
73, 746
73, 079
72, 361
72, 894
68, 168
64, 020
4,611
59, 409
4,149
68, 449
64, 520
4, 619
59, 901
3 931
68, 473
64, 267
4 565
59 702
4 206
69,819
66,159
5, 393
60, 765
3, 660
70, 667
67, 208
5, 837
61,371
3 459
73, 002
68, 579
6, 856
61, 722
4 493
72, 706
68 089
6 885
61 805
4 017
74, 551
'
72, 070
68 282
6 454
61 828
3 788
71, 155
67 767
6 588
61 179
3 388
71,069
67 490
6 247
61 244
q 579
71,213
67 182
5 666
61 516
4 031
70, 549
66 009
4 950
61 ' 059
4 540
69, 837
64 452
4 634
59 818
5 385
70, 360
64 655
4 708
59 947
5 705
6.1
5.3
5.7
4.8
61
55
5.2
5.1
4 9
5.1
6 1
5.4
55
55
53
58
4 8
57
50
63
5 7
62
64
68
77
6 6
81
68
53,917
53, 746
53 845
52, 587
51, 862
49, 663
50 074
50 948
52 045
52 344
52 476
53 403
54 364
54 024
52, 078
16 470
9, 640
6,830
52, 060
16 520
9,680
6, 840
52,172
16 478
9 630
6,848
52, 844
16, 380
9, 548
6, 832
52, 957
16 348
9 516
6.832
53, 309
16 422
9 504
6,918
52, 923
16 250
9 342
6 908
53, 062
16 386
9 296
7 090
53, 496
16 505
9 403
7 102
53, 391
16 313
9 305
7 008
53,133 ' 53, 310 '51,480 p 51, 105
16 129 r 15 g3g '15 583 p -j r A<-I\
9 235 ' 9 065 r g' 914 p Q cm
6 894
6 771 r g 6£9 p 6 670
658
73
16
173
669
89
16
173
666
93
14
172
677
95
13
169
677
96
12
167
681
97
12
164
655
94
11
140
672
95
11
156
663
94
12
151
656
93
12
150
EMPLOYMENT
Noninstitutional population, estimated
number 14
years of age and over totaled1
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
do
do
do . _ _.do _
do
do
thousands
Employees on payrolls (nonagricultural estab.) :
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
647
90
11
147
' 641
r 90
10
145
r fi*}0
v P99
89
10
142
288
287
291
285
286
292
292
292
289
285
285
286
284
104
103
113
105
116
118
117
118
117
114
117
109
104
' Revised, p Preliminary. J Revised beginning August 1959 to include data for Hawaii. 9 Revisions for January 1947-December 1959 for department store sales and stocks total U S
seasonally adjusted, appear on p. 20 of the January 1961 SURVEY: revisions for the individual Federal Reserve districts will be shown later. § Effective with the January 1961 SURVEY estimate's
are based on the 1960 Census; for comparable revised figures (August 1957-October 1959), see "Current Population Reports", P-25, No. 223
'
cTData beginning January 1960 include figures for Alaska and Hawaii; see the December 1960 SURVEY for January 1960 estimates for those States.
® For 1947-59 figures, reflecting adjustments of 1947-56 data to new definitions adopted January 1957 and monthly rates of unemployment (unadjusted), see pp 22 and 23 of the April 1960
SURVEY; revised seasonally adjusted rates of unemployment appear in the January 1961 issue of the "Monthly Report On The Labor Force" (U.S. Department of Labor).
A Total
employment in U.S., including Alaska and Hawaii (thous.): 1960—December, 53,547; 1961—January, 51,704; February, 51,329.
SURVEY OF CURRENT BUSINESS
S-12
March
1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
January
February
March
April
May
June
1961
July
DecemAugust SeptemOctober November
ber
ber
January
February
' 2, 379
3,773
822
89
857
696
575
P2,238
* 3, 755
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Employees ou payrolls of nonagricultural est., unadjusted — 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
Wholesale and retail trade
Wholesale trade
Retail trade 9 _ _
Genera 1 merchandise stores
Food and liquor stores
Automotive and accessories dealers
Finance, insurance, and real estate
Service and miscellaneous 9-Hotels and lodging places
Laundries
Cleaning and dyeing plants
Government
2, 389
3,887
900
91
878
699
574
2,312
3, 900
904
91
883
700
568
2,590
3,917
910
91
881
703
574
2,830
3,924
914
91
880
704
575
2,977
3,942
920
91
887
707
582
3,098
3,939
912
91
879
714
589
3,130
3,921
905
90
877
714
585
3,069
3,907
876
91
892
708
585
3,006
3,889
869
88
902
704
579
2,847
3,868
852
89
898
702
578
11, 424
3,113
8,311
1 465
1,630
800
11,329
3,114
8,215
1 402
1,635
801
11,325
8,214
1 404
1,634
801
11,620
3,120
8, 500
1, 511
1, 649
815
11,543
3,111
8,432
1 466
1,649
819
11, 637
3,129
8,508
1,462
1,656
827
11,591
3,138
8,453
1,433
1,660
824
11,592
3, 153
8,439
1, 452
1,641
820
11,665
3, 153
8,512
1,504
1,641
815
11,742
3,162
8,580
1,554
1,652
813
11, 842
3,163
8,679
1,655
1,659
814
' 12, 405 ' 11,490 P 11, 301
' 3, 161 ' 3. 120 P 3 110
' 9, 244 ' 8, 370 P 8, 191
' 2, 022
1,486
' 1, 683 1,628
'828
798
2,429
6,474
453
307
172
8, 288
2,439
6,484
460
306
170
8,343
2,444
6,511
459
305
169
8,536
2, 463
6,644
479
308
177
8,553
2, 469
6,717
497
312
179
8,449
2,496
6, 745
524
315
181
8,409
2, 530
6,715
592
316
176
8,145
2,536
6, 685
591
310
171
8,140
2, 515
6,698
509
307
175
8,474
2,501
6,698
466
306
180
8,586
2,499
6, 665
455
304
179
8,636
' 2, 504 ' 2, 493 P 2, 499
' 6. 612 ' 6, 525 P 6, 533
438
'448
'301
300
'176
176
'8.917
' 8, 607 P 8, 686
_ do _.
do
52, 880
16, 562
9, 655
6,907
52, 972
16,567
9, 667
6,900
52, 823
16, 509
9, 603
6,906
53, 128
16, 527
9, 552
6,975
53, 105
16, 540
9, 537
7,003
53, 140
16, 498
9,499
6,999
53, 145
16,417
9,452
6,965
53, 046
16, 265
9,338
6,927
52. 998
16, 275
9,391
6,884
52, 809
16, 132
9,266
6,866
52, 591
16, 030
9,190
6,840
' 52, 221
' 15, 790
' 9, 030
' 6, 760
' 52, 273
' 15, 677
' 8, 929
' 6, 748
p 51, 996
P 15, 527
P 8, 792
P 6, 735
do
do
_ do _
do
do
do _
do
658
2,775
3,941
11,594
2,454
6,606
8,290
669
2,781
3, 933
11,627
2, 464
6,616
8,315
666
2, 601
3,920
11,595
2, 456
6,577
8, -199
684
2, 752
3, 924
11, 652
2, 463
6, Gil
8,515
684
2. 783
3, 927
11,675
2, 469
6,618
8,409
678
2,790
3,926
11,712
2,471
6,645
8,420
658
2, 858
3,910
11,736
2,480
6, 682
8,404
665
2, 835
3,892
11, 764
2,499
6, 652
8, 474
660
2, 800
3,879
11, 665
2, 515
6, 665
8,539
656
2,804
3,879
11, 668
2,514
6,632
8,524
644
2,783
3,858
11,568
2, 512
6, 665
8, 531
'638
'630
' 2, 647 ' 2, 691
' 3, 821
3,830
'11,541 ' 11,661
'2,517
' 2, 518
' 6, 679 ' 6, 658
' 8, 588 ' 8, 608
P622
P 2, 605
P 3, 799
P 11,598
p 2, 524
P 6, 666
P 8, 655
12, 449
7,230
74
12, 494
7 268
75
12, 435
7,205
75
12, 334
7,123
74
12,292
7,084
73
12, 332
7,056
72
12, 145
6,888
72
12, 265
6,833
72
12, 399
6,949
74
12, 226
6,863
72
12,037
6,786
74
' 11,745 '11,515 p 11, 405
' 6, 613 ' 6, 469 P 6, 358
'74
73
P74
561
277
327
443
1,048
561
277
328
445
1,052
556
275
327
443
1,043
569
282
327
448
1,020
592
289
324
452
993
617
296
327
456
970
606
291
321
450
924
607
293
327
452
910
598
285
328
449
905
581
276
327
442
891
547
264
320
431
870
'518
'252
'310
'416
' 851
do
do
do
do
do
do
- -
do .
do
do
do
do
do
Total, seas. adj. (excl. Alaska and Hawaii)A--do
Durable goods industries
Nondurable goods industries
Mining
Contract construction
Transportation and public utilities
Wholesale and retail trade
_
Finance, insurance, and real estate
Service and miscellaneous
Government
Production workers on manufacturing payrolls, unadj.:
Total _
_
thousands
Durable goods industries
do
Ordnance and accessories
do
Lumber and wood products (except furniture)
thousands.Sawmills and planing mills
do
Furniture and fixtures _ _
_ _
do
Stone, clay, and glass products
do
Primary metal industries
do
Blast furnaces, steel works, and rolling mills
Fabricated metal productsc?
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. industriesNondurable goods industries
...
Food and kindred products 9
Meat products
Canning and preserving
Bakery products
Tobacco manufactures
Textile mill products 9 _
' 2, 552
' 3, 843
'849
89
'881
'699
'577
2, 453
3,882
901
91
876
698
574
do
do
do _
do
do
do
do
do _.
do
do
_do
do
do
do
_ do
do
3, in
'507
246
303
'400
'839
532
532
526
511
495
469
439
431
418
409
395
'381
857
1,179
892
1,239
658
416
121
230
379
863
1,191
890
1,245
675
412
109
231
388
854
1,186
879
1,221
652
407
110
230
392
837
1, 17<)
860
1,187
623
398
113
230
395
836
1,159
855
1,174
616
388
115
228
397
840
1,154
859
1,127
615
348
111
228
405
817
1,130
850
1,105
574
358
119
223
389
819
1,112
861
1,036
509
365
118
226
410
835
1,104
877
1,135
597
367
119
225
418
834
1,087
839
1,149
614
366
119
223
418
817
1,085
867
1,147
610
372
117
222
406
'794
'1,081
844
' 1, 125
'596
'369
116
'218
383
5,219
954
241
136
161
78
860
368
190
1,091
447
223
562
536
208
154
116
208
329
5,226
939
237
134
161
76
860
367
191
1,111
446
222
565
537
208
155
117
209
329
5,230
934
234
134
161
71
863
368
195
1,118
446
222
568
540
209
154
116
208
328
5,211
960
232
152
162
69
861
367
197
1,082
448
222
568
551
209
154
116
201
317
5,208
967
236
151
161
68
863
365
201
1,079
449
223
567
547
210
155
117
198
315
5,276
1,015
242
173
164
68
867
365
205
1,085
452
226
572
540
211
156
118
198
323
5,257
1,064
243
219
165
69
848
360
197
1,060
444
222
568
537
211
153
117
192
322
5,432
1,142
246
297
163
81
859
360
206
1,107
451
226
573
538
210
154
117
196
331
5,450
1,171
248
325
164
97
850
356
203
1,094
452
225
578
537
207
150
115
198
321
5,363
1,112
249
254
165
94
840
351
201
1,079
449
223
585
538
206
150
114
198
318
5,251
1,036
248
188
163
82
832
349
198
1,079
445
221
584
533
206
147
113
193
319
' 5, 132 '5,046
'984
'943
'242
238
157
140
162
159
'78
'75
'819
'808
348
346
' 188
184
1,052 '1,034
437
'434
219
217
579
572
'531
'529
'205
205
145
144
113
113
191
'188
317
'318
P501
P302
P397
P834
378
'770
P750
'1,075 P 1,072
'842
P836
'1,081 P 1,009
554
367
119
'214 """V211*
'365
P371
p 5, 047
P927
P74
P809
Knitting mills
do
P 1,058
Apparel and other finished textile prod___do
P431
Paper and allied products _ _ _ _
_ do
Pulp paper and paperboard mills
do
P573
Printing, publishing, and allied industries- .do
P530
Chemicals and allied products..
_ do
Industrial organic chemicals
do
P141
Products of petroleum and coal
do
Petroleum refining
do
P184
Rubber products
_ do
P319
Leather and leather products
do
Production workers on mfg. payrolls, seas, adj.:
12, 176
12, 048
11,937 '11,701 '11,607 P 11, 455
12, 462
12, 472
12, 321
12, 536
12, 476
12, 407
12, 158
12, 537
Total
thousands
6,579
6,937
6,740
' 6, 484 P 6, 349
7,179
6,824
7,126
7,051
7.244
7,106
7,000
6,875
7,255
Durable goods industries
do
5,122
5,239
' 5, 123 P 5, 10&
5,224
5,197
5.283
5,346
5,356
5,321
5,283
5,370
5,282
Nondurable goods industries
do _. 5,292
Production workers on manufacturing payrolls:
Indexes of employment:
100.2
95.0
98.8
97.3
93.1
98.2
100.5
99.7
99.2
P92.2
99.7
99.4
101.0
Unadjusted
1947-49=100.. 100.6
94.6
98.4
97.4
96.5
93.8
P 92. 6>
99.6
98.3
100.8
100.8
100.3
101.4
100.9
101.4
Seasonally adjusted
do
Miscellaneous employment data:
Federal civilian employees (executive branch) :
2
2
United States^
thousands 2,158 7 2 160 5 » 22,339. 7 2,3 342. 9 2 23 220 2 2,2 212. 9 2,213. 3 2,213.9 2, 192. 9 2, 188. 9 2, 188. 9 '12,478.2 2, 180. 4
213.6
i 222. 1
217.9
214.6
214.7
218. 1
218.5
214.0
212. 2
212. 2
210.0
211 9
210 9
\Vashington D C metropolitan area
do
Railroad employees (class I railroads):
P759
764
787
782
P731
817
834
P730i
816
824
824
813
828
Total
_
.thousands. .
812
Indexes:
56.9
59.4
57.6
P55. 1
58.9
P54.9
61.2
62.7
62.0
61.5
61.8
60.9
62.2
60.9
Unadjusted
1947-49=100..
59.3
58.2
58.9
P54.6
60.4
60.1
P55.0
62.6
61.3
60.7
60.4
61.7
61.4
61.0
Seasonally ad justed __
_
do
T
Revised. » Preliminary. 1 Includes Post Office employees hired for Chirstmas season; there were about 292,800 such employees in the United States in December 1960. 2 Includes
the folio wing number of persons hired for the decennial census: Total U.S. 180,000 (March); 181,100 (April); 53,700 (May); 15,600 (June); Wash., D.C. area, 680 (March); 910 (April); 340 (May) 240 (June). 9 Includes data for industries not shown, cf Except ordnance, machinery, and transportation equipment.
ATotal employees, incl. Alaska and Hawaii (thous.): 1960—December, 52,453; 1961—January, 52,501; February, 52,225. ^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 and in Hawaii (at the end
Digitized for ofFRASER
August 1959), 21,900 persons.
SURVEY OF CURRENT BUSINESS
March 1961
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-13
1960
January
February
March
April
May
1961
July
June
DecemAugust SeptemOctober November
ber
ber
January
February
EMPLOYMENT AND POPULATION—Continued
INDEXES OF WEEKLY PAYROLLS
Construction (construction workers)
Manufacturing (production workers)
Mining (production workers)
_
1947-49=100__
do_ _
_ do _.
r
r
185.4
175 5
105 4
180 2
173 9
104 4
176 1
172 6
106 5
207.9
168.8
108 7
230. 5
171. 5
107 8
246 9
172 5
108 4
262.8
169.0
103 3
267.9
169 2
104 5
259.4
172.5
101 6
258.4
170 5
101 6
227.1
166 2
97 0
40.3
2 8
41 0
2 9
41 3
39.8
2 6
40 4
2 7
41 1
39.7
2 5
40 3
2 5
41 5
39.3
2 1
39.9
2 1
40.8
39.9
2 4
40.4
2 4
41.3
40.0
2 5
40 4
2 4
40 8
39.8
2 4
39 9
2 3
40.0
39.8
2 4
40 0
2 3
40 0
39.6
2.5
39.9
2 5
40.5
39.7
2 5
40 2
2 4
40 4
39.3
39 6
2 0
40 8
38.6
2 0
39 1
19
'40.2
'38.8
19
'39 2
39.3
39 7
40 3
40 4
41.1
39.4
39 4
40 3
40 2
40 3
38.8
39 0
39 1
39 9
40 1
39.9
40.6
39 9
40.3
39.4
40.1
40 9
40 1
40 9
38.9
40.5
41 0
40 2
41 0
38 9
39.3
39 9
40 0
40 8
38.7
39.6
40 2
40 8
41 0
38.1
39.9
40.2
40 5
40.5
38.0
39.6
39 8
40 4
40 9
37 9
38.4
38 9
39 6
40 7
37.4
'38.6
r
38 9
r 39 9
39 6
37 2
'38.9
38 7
P39.3
r 38 2
'39 9
'37.6
p38 3
*>40 0
?37. 5
41.2
41 2
41.3
40 7
40
40
41
39
0
5
0
9
39
40
41
40
9
5
2
1
39.3
39.9
40.8
39.2
38.1
40 8
41.3
39 9
37
40
41
40
7
9
2
1
37.2
40 5
40.9
39 3
36
41
40
39
6
0
5
9
36.5
40.7
40.3
40.1
36
40
40
40
35
39
40
40
35.5
39 1
39 9
39 1
36.4
'39 3
'40 2
'39 8
»39 2
MO. 1
*>39 8
_ do
do _
do
do
do
do
42.0
43.7
40.6
38.9
40 6
40.1
40
41
40
39
40
39
8
5
6
2
2
9
40
40
40
39
40
40
6
8
8
4
8
3
39.7
39.5
40. 1
39.5
40. 1
39.2
40 9
41.1
41 0
40.1
40 5
39.9
40 5
40.6
40 8
39.7
40 7
39.9
40 2
40.0
41 1
39.3
40 4
39.4
39 6
38.8
40 9
39.5
40 5
40 0
40.2
40.6
40.6
37.4
40. 1
39.5
41 1
41.6
41 0
39.4
40 5
40 1
40 2
40.2
41 1
38.4
40 6
40.0
39 8
39.5
41 1
'37.9
'39 2
38.4
'38 9
37.2
41 5
39.5
'40 3
39.3
?39 2
do
do
___do
do
do
do
39 4
39 0
2 5
39.6
39 2
37.8
39 7
38 8
2 4
39.7
39 1
37 5
39 9
38.6
39 3
39 5
2 5
41.2
41 2
40.9
40.4
41.6
41.5
42.2
40.3
39 0
2 5
41.0
41 1
40.0
40 5
40.5
41 2
36.4
40 5
38 0
2. 2
40.2
40 8
'36.8
r
39 7
'38 4
40.6
40.8
38.7
40.3
39 6
26
41.1
41 2
39.5
40 9
38 8
39.8
39.4
37.7
39.9
39 5
2 5
40.6
40 7
37.7
40.8
39.1
40.6
42.2
38.4
39.4
*>38 2
*>2. 0
P39.4
38.4
40.3
41.5
37.3
36.1
40 1
41 2
37 4
34
39
40
36
8
4
7
5
36.0
39.6
40.6
37.3
38.1
40 1
41.0
38 3
39.3
40 2
41.1
38 6
37.6
39 7
40 6
38 4
37.9
39 7
40 3
38 6
40.3
38.3
38.7
37.6
40.5
38 8
39 3
37 9
37.7
39 0
39.4
37 5
r
'37.7
38 0
38 8
35 8
"37. 9
»38 4
39 1
35 9
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
42.5
43.8
38.3
36.2
42.1
43.5
38.0
35.8
42 1
43.4
35.1
41.8
43.1
37.8
36.3
42.5
43.6
38.4
36.3
42.6
43.7
38.1
36.4
42.5
43.8
38.2
36.7
42.5
43.6
38.3
35.4
42.3
43.4
38.6
35.5
42.3
43.4
38.4
35.3
41.9
42.9
38.2
'33.4
41 1
'42.7
'37.7
34.3
'41.5
42.8
'37.8
P34.4
P41.3
Chemicals and allied products
Industrial organic chemicals _
Products of petroleum and coal
Petroleum refining
Rubber products
Leather and leather products
41.3
41.3
40.2
40.0
40.7
37.9
41.3
41 3
40.3
40 2
40.0
37.2
41.3
41 3
40.3
40 2
39.4
37.1
42.1
41.9
40.8
41.0
38.3
35.4
41.6
41.8
40.7
40.9
39.7
36.3
41.9
42 2
41.1
40.8
40.6
37.8
41.6
41 9
41.5
41 2
40.6
38.4
41.3
41 2
40.7
40.3
39.9
38.1
41.3
41.1
41.3
41.1
39.0
35.9
41.2
40 8
40.7
40.6
39.8
35.9
41.4
41.2
40.4
40.7
39.2
36.4
40.9
40 9
40.5
40 7
'38.9
'35.9
'41.0
40 8
'41.3
41.6
'39.2
'37.8
40.7
42.5
31.8
38.7
39 9
40.8
27.2
37 3
40 8
42.0
36.2
38.8
41.1
42.7
29.2
37.4
41.0
42.7
29.6
36.4
41.2
41.3
33.9
37.1
41 5
41.4
34.0
37 3
40 7
41.6
34.4
35 0
40.1
41.6
30.8
33.2
40 3
40.6
34.5
34 1
39 3
40.2
34.6
32.1
'39 4
'41 1
'34.8
'33 6
40 1
41.1
36.3
34.3
41.1
41.8
39.9
41 2
40.4
41.1
40.7
43.8
41.0
43.9
40.4
45.2
40.9
45 0
40.3
44 9
41.0
44.2
40.8
44 4
40.7
42 5
40 3
41 2
42.2
42 5
35.1
37.5
34.6
35 0
38.2
34 3
35 0
39.1
34.2
36.9
41.1
35.9
36.9
40.7
35.9
37.4
41.6
36.3
37 8
42.2
36.7
37.9
42.3
36.7
37.2
42.0
36.0
37.8
42.6
36.6
35.3
38.6
34.5
'34 1
'37.3
r
33 4
36.3
39.4
35.7
42.3
38.8
40.9
42 5
39.2
40 6
42 7
39.1
40.7
42.7
38.9
40.8
43.2
39.2
40.8
43.5
39.4
40 8
43 2
39.8
40 9
43.2
39.5
40.8
42.9
40.8
41.8
42.6
40.0
41.2
42.8
40.4
41.2
'43 3
'39 5
'41 3
42.3
38.9
40.7
40.0
39.8
39.9
40.1
40.2
40.3
40.6
40.5
40.4
40.3
40.2
40.0
40.1
37.4
33.7
35.4
43.8
37.4
33 7
35.2
43 7
37.4
33 8
43.8
37.7
34.5
35.6
44.1
37.4
33.7
35.3
43.9
37.8
34 3
35.9
44.1
38.2
35 0
36.4
44.1
38.3
34.9
36.2
44.1
37.6
34.0
35.6
43.9
37.4
33 7
35.3
43.7
37.5
33.7
35.6
43.8
37 7
r
35 4
'35.1
43.8
37.6
33 7
35.1
43.7
40.1
39.2
38.2
39.7
39.1
37.7
40.0
38.9
37.9
39.6
40.0
40.8
39.9
39.9
39.4
40.0
39.9
39.9
40.0
39.8
38.6
40.2
39.4
37.6
39.7
39.4
38.5
39.9
39.7
39.3
39.7
39.2
38.7
'39.7
'38 6
'37.2
39.8
38.8
38.5
92.29
100. 86
108. 21
91.14
98.98
107. 68
90. 91
98.74
108. 73
89.60
97.36
106. 49
91.37
98.58
107. 79
91.60
98. 98
107. 30
91.14
97.76
105. 20
90.35
97.20
105. 60
91.08
98.15
108. 14
91.31
98.89
108. 27
90.39
97.42
109. 34
77.03
75.83
74.56
91.30
78.01
75.25
74.56
90.85
77.60
75.27
72.73
90.57
80.20
77.95
73.82
91.08
81.40
78.94
74.19
92.84
83.84
81.18
74.77
93.07
81.35
79.00
74.40
93.02
81.97
80.00
75.89
93.89
84.19
80.00
75.74
92.75
81.58
77.61
75. 55
94.07
77.18
74.30
74.05
94.02
197. 1
160 6
r 97 o
r
194.4
158. 3
98 0
p 156 8
HOURS AND EARNINGS
Average weekly gross hours per worker on payrolls of
nonagri cultural establishments:
All manufacturing industries
hours..
Average overtime
_ _
do
Durable goods industries
do
Average overtime
do
Ordnance and accessories..
do __
Lumber and wood products (except furniture)
hours...
Sawmills and planing mills
_ do
Furniture and
fixtures
do
Stone, clay, and glass products _
do
Primary metal industries.
do
Blast furnaces, steel works, and rolling mills
hours. _
Fabricated metal 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
Broad woven fabric mills
Knitting mills
do _
do
do
do
do
do
_ do __
do
__ do -.
do
Nonmanufacturing industries:
Mining
_
do
Metal
do
Anthracite
do
Bituminous coal
do
Petroleum and natural-gas production (except
contract services)
hours
Nonmetallic mining and quarrying
do
Contract construction
_
do
Nonbuilding construction
do
Building construction
do
Transportation and public utilities:
Local railways and bus lines
do
Telephone
do
Gas and electric utilities
do
Wholesale and retail trade:
Wholesale trade
..
do
Retail trade (except eating and drinking places) 9
hours
General merchandise stores
do
Food and liquor stores
do
Automotive and accessories dealers
do
Service and miscellaneous:
Hotels, year-round
do
Laundries
do
Cleaning and dyeing plants _
__do _
Average weekly gross earnings per worker on payrolls
of nonagricultural establishments:
All manufacturing industries
dollars __
Durable goods industries
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. _
2.6
2.5
2.6
5
9
1
0
2.3
r
r
39 3
'38 2
r
17
' 40 4
2.0
'40.1
40.3
36.9
39.5
r
P38.8
*>1 8
p39 3
Pi 7
MO 3
»40 2
*>39. 6
*>37.8
*41.0
J>40.7
?38. 7
^37.5
89.55 ' 90. 02 v 90. 02
96.97 ' 96. 82 *> 97. 07
' 108. 14 ' 108. 68 » 108. 41
r
77. 59
' 74. 30
' 75. 01
91.48
' 77. 80 *78.60
73.53
' 71. 43 p 71. 24
' 91. 77 P91.60
117. 96
115. 26
114. 29
112. 29
109. 70
109. 70
108. 75
106. 68
106. 78
106 12
104. 72
105. 28 ' 107 16 *>106 50
128. 54
123. 60
122.89
122. 22
116.21
115. 74
113.83
110. 53
110.60
109. 63
106. 86
109. 34
' Revised.
* Preliminary.
9 Includes data for industries not shown separately.
c*Except ordnance, machinery, and transportation equipment
OK O
2.2
3
5
5
3
9 2
113. 57
SURVEY OF CURRENT BUSINESS
S-14
March 1961
1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
January
February
March
April
May
June
1961
July
DecemOctober NovemAugust September
ber
1
ber
January
February
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Average weekly gross earnings per worker on payrolls
of nonagri cultural establishments— Continued
All manufacturing industries— Continued
Durable goods industries — Continued
Fabricated metal products d1
dollars. _
Machinery (except electrical)
do _
Electrical machinery
do
Transportation equipment 9
- - -- do
M!otor vehicles and equipment
do
Aircraft and parts
do
Ship and boat building and repairs
do
Instruments and related products
do
Miscellaneous mfg industries
-- do
100. 94
105. 32
92.80
115.92
124. 11
108. 40
101.92
94.19
78.20
98.42
104. 55
90.97
111.79
116. 62
108. 81
102. 31
94.07
77.81
98.42
105. 47
91.43
110. 84
113.83
109. 34
103. 62
95.88
78.18
96.56
104. 04
88.98
107. 59
108. 23
107. 07
103. 49
93.43
76.05
99.96
106.14
91.37
111.66
113.85
110.29
105.46
94.77
77.41
100. 21
105. 88
92.23
110. 97
112. 87
110. 57
105. 60
95. 65
77.41
99.63
105. 11
90.39
110. 15
111.20
110. 97
106. 90
95.75
76.44
100. 45
103. 68
91.77
108. 90
108. 64
110. 84
108. 23
95.99
77.60
100. 94
103. 57
93.03
112. 96
116. 52
111.24
103. 97
95.44
77.03
100. 04
104. 49
93.09
115.49
119.39
111.93
109. 53
95.99
78.20
98.15
103. 46
93.20
112.16
113. 77
112. 61
105.98
96.63
78.40
do _
do
do
do
do _
80.77
88.91
104. 66
68.74
83.92
79.95
86.33
95.26
69.17
84.56
79.93
86.94
95.01
69. 75
85.39
79.52
87.16
95.74
69. 75
85.79
81.35
88.91
99. 55
70.05
87.05
82.16
88.51
98.90
67.86
88.54
82.37
89.60
100. 94
70.71
89.16
81.77
88.58
99.70
74. 03
88.48
81.72
89.02
102. 51
74.69
89.06
81.51
88.97
101. 11
72.00
89.51
81.48
89.10
102. 18
64.79
89.91
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
66. 05
64.48
64.74
56. 32
55.44
95. 20
104. 24
104. 56
61.37
64.16
64.27
56. 47
56. 11
94.73
103. 97
104. 12
59.86
63.83
65.12
55.48
55. 85
94.30
103. 29
105. 05
64.80
63.76
64.96
55. 95
53.70
93.63
102. 15
103. 95
68.58
65.36
66.01
58.22
55.90
96.05
104. 64
106. 37
71.53
65. 53
66.58
58.67
55. 90
97.13
106. 19
105. 54
68.43
64.31
65.37
57.60
56.42
97.33
106. 87
106. 20
64.81
64.31
64.88
58.29
57.62
97.75
106. 82
106. 09
63.27
62.05
61.92
57.15
55.93
98.14
107. 20
108. 08
65.21
63.24
62.88
57.99
56.45
97.71
106. 76
107. 14
r
65.60
69. 95 r 66. 35 p 66. 70
63.18
r 61. 88
' 61. 56 " 62. 59
62.65
62.17
61.69
57.38 r 54.57
54.42
52. 44
55.77
' 54. 54 v 54. 70
96.37
95. 35
' 96. 28 " 95. 40
105. 53 ' 105. 47
105. 29
106. 96 ' 106. 31 r 106. 22 p 105. 84
Chemicals and allied products
Industrial organic chemicals
Products of petroleum and coal
Petroleum refining
Rubber products
-- Leather and leather products
101. 60
108.21
116. 98
120. 40
102. 16
61.78
101.60
108. 21
116.87
120. 60
100.00
60.64
102. 01
108. 62
116. 87
120. 20
97.71
60.84
104. 41
112. 29
119. 54
124. 23
94.60
58.06
103. 58
110.77
118. C3
123.11
100.04
59.90
105. 59
112.67
119.60
123. 22
102. 72
62.37
106. 08
113. 13
121. 18
124. 84
103. 53
62.98
104. 90
110. 42
117. 62
120. 90
100. 15
62. 48
104. 90
110. 97
120. 60
124. 53
98.28
59.24
104. 24
110. 16
117. 62
121. 80
101. 49
59.59
105. 16
111.65
117.97
122. 91
99.57
60.42
111.11
113.05
88.09
127. 32
108.13
107. 71
76.16
121.97
110. 98
111.30
99. 91
127.26
111.38
113. 58
80.88
122. 30
110. 70
114.01
82.28
119.03
110. 83
110. 27
93.23
121.69
111.22
111.37
93.50
121. 60
108. 67
111.49
94.26
114. 10
107. 47
112. 74
84.39
108. 23
108. 41
110. 43
95.22
111.51
105. 32
108. 54
94.46
104. 33
r 106. 38
••111.79
'95.35
r
109. 54
109. 87
111.38
99.83
112.85
116. 72
92.38
113.72
108.00
114.87
112.12
91.46
113.75
111.16
114. 22
113.52
92.89
115. 50
116.91
115. 60
115. 18
98.55
119. 19
117. 96
119. 19
116.03
98.78
119.56
118.03
119.91
113.52
101. 70
121.18
121. 06
121.24
116. 16
102. 60
123. 61
124. 91
123. 68
112. 44
102. 37
124. 31
126. 90
123. 68
116. 44
101. 66
123. 13
126. 42
122. 40
115.87
102. 12
125. 50
128. 65
125. 17
115.18
98.18
117. 20
114. 64
117. 99
«• 114. 05
'115.26
r
113. 39
' 115. 56
125. 33
98.18
123. 06
118. 99
123. 88
95.60
86.14
108. 39
97.33
87.42
107. 59
97.78
87. 58
108. 26
97.78
86. 36
108. 94
99.79
87.81
109.34
100. 92
88. 20
109. 34
100. 22
89. 95
110. 02
100. 22
89.27
110. 16
99.96
95. 47
115.37
98.83
92.00
112. 89
99.72
92. 92
113.30
' 102. 62
99.41
' 91. 64 89.86
' 114. 40 111.93
90.80
90. 35
91.37
91.83
92.46
93.09
94.19
93.56
94.13
93.90
93.67
' 93. 20
94.24
66.95
48.19
69. 38
88.04
66.95
48.19
69.34
87.40
66. 95
48.33
69.89
88.91
67. 48
48.99
70.13
91.73
67.69
48.87
70.60
90.87
68. 80
49.74
72.16
91.29
69.52
50.75
73.16
91.29
69.32
50.26
72.76
89.96
68.43
49.30
72.27
88.24
68.44
48.87
72.01
89.59
68.25
48.53
73.69
89.79
67.11
' 49. 56
'71.25
88.48
69.18
49.88
72. 31
88.27
Nondurable goods industries
Food and kindred products 9 Meat products
Canning nnd preserving
Bakery 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
... dollarsGeneral merchandise stores
do
Food and liquor stores
__ . -_ .-do
Automotive and accessories dealers
do
Finance, insurance, and real estate:
Banks and trust companies:}:
Service and miscellaneous:
Hotels, year-round
Laundries
-Cleaning and dyeing plants
r
80.18
89.24
101. 59
'81.41 v 80. 98
' 90. 23 v 89. 04
101. 15
r 67. 71
67.90
' 88. 53 88.09
104. 30 ' 104. 55 p 104. 96
111.25 r 110.98
'119.07
125. 55 * 123. 73
r
123. 32
131.04
^r 99. 58 ' 99. 57 v 97. 91
59. 24
' 62. 75 * 61. 88
r
r 95. 17
do
69.93
69.94
69.56
69.94
69.75
69.75
70.31
69.75
69.75
70.69
70.31
' 70. 69
71.43
do
- do
do
48.12
47.04
53.10
47.64
46.92
52.40
48.00
46.68
52.68
47.52
48.00
57.94
48.28
48.68
55.95
48.80
48.68
57.06
48.80
48. 56
54.43
49.04
48.07
53.02
48.83
48.46
54.67
49.48
48.83
56.20
49.23
48.22
54.57
' 49. 63
' 47. 48
' 52. 82
48.95
47.72
55.44
2.29
2.21
2.46
2.37
2.62
2.29
2.21
2.45
2.37
2.62
2.29
2.22
2.45
2.38
2.62
2.28
2.22
2.44
2.38
2.61
2.29
2.22
2.44
2.37
2.61
2.29
2.22
2.45
2. 38
2.63
2.29
2.22
2.45
2.38
2.63
2.27
2.21
2.43
2.37
2.64
2.30
2.23
2.46
2.39
2.67
2.30
2.23
2.46
2.39
2.68
2.30
2.24
2.46
2.39
2.68
2.32
2.26
2.48
2.42
2.69
2.32
2.27
2.47
2.42
'2.69
1.96
1.91
1.85
2.26
2.87
1.98
1.91
1.85
2.26
2.86
2.00
1.93
1.86
2.27
2.85
2.01
1.92
1.85
2.26
2.85
2.03
1.93
1.85
2.27
2.82
2.07
1.98
1.86
2.27
2.82
2.07
1.98
1.86
2.28
2.81
2.07
1.99
1.86
2.29
2.80
2.11
1.99
1.87
2.29
2.81
2.06
1.95
1.87
2.30
2.80
2.01
1.91
1.87
2.31
2.80
'2.01
'1.91
1.88
2.31
2.83
'2.00
1.90
'1.87
'2.30
2.85
"1.86
"2.29
"2.84.
3.12
2.45
2.55
2.28
3.09
2.43
2.55
2.28
3.08
2.43
2.56
2.28
3.11
2.42
2.55
2.27
3.05
2.45
2.57
2.29
3.07
2.45
2.57
2.30
3.06
2.46
2.57
2.30
3.02
2.45
2.56
2.30
3.03
2.48
2.57
2.32
3.02
2.47
2.58
2.31
3.01
2.46
2.58
2.33
3.08
'2.47
2.60
2.36
3.12
'2.46
'2.61
2.35
"2.46
"2.61
"2.35
2.76
2.84
2.67
2.62
2.32
1.95
2.74
2.81
2.68
2.61
2.34
1.95
2.73
2.79
2.68
2.63
2. 35
1.94
2.71
2.74
2.67
2.62
2.33
1.94
2.73
2.77
2.69
2.63
2.34
1.94
2.74
2.78
2.71
2.66
2.35
1.94
2.74
2.78
2.70
2.72
2.37
1.94
2.75
2.80
2.71
2.74
2.37
1.94
2.81
2.87
2.74
2.78
2.38
1.95
2.81
2.87
2.73
2.78
2.37
1.95
2.79
2.83
2.74
2.76
2.38
1.96
2.80
2.83
2.76
2.80
2.41
1.98
2.78
2.80
2.75
2.79
2.41
'2.00
2.09
2.02
2.14
2.47
1.77
2.21
2.09
2.03
2.17
2.46
1.80
2.21
2.10
2.04
2.20
2.48
1.78
2.22
2.11
'2.06
2.22
'2.49
1.84
2.23
2.12
2.07
2.25
2.51
1.84
2.23
Average hourly gross earnings per worker on payrolls
of nonagri cultural establishments:
All manufacturing industries
dollars..
Excluding overtime!
do
Durable goods industries
do
Excluding overtime§
do
Ordnance and accessories
_ __ _ do
Lumber and wood products (except furniture)
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 products cf
do
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
2.06
2.08
2.06
2.07
2.07
2.08
2.05
2.05
Nondurable goods industries
. do
2.01
2.02
2.00
2.01
2.01
2.01
1.99
1.98
Excluding over time §
._ do
2.19
2.18
2.19
2.15
2.19
2.18
2.19
2.18
Food and kindred products 9
do
2.43
2.43
2.43
2.42
2.44
2.45
2.43
2.48
Meat products
do
1.85
1.81
1.80
1.86
1.79
1.83
1.79
1.81
Canning and preserving
_ - _ __ do
2.15
2.14
2.19
2.17
2.18
2.16
2.13
2.13
Bakery products
do
f Revised.
* Preliminary.
cfExcept ordnance, machinery, and transportation e quipmen fc.
9 Includes data for industries not shown separately.
{Revised series (first shown in September 1959 SUR VEY);dat a beginniiig Januar y 1958 are calculate i on a different bas is and are5 not
December 1957.
.Derived by assuming that overtime hours are pai i at the r£ite of time and one-half.
' 96. 58 ' 96. 68 * 96. 43
103. 74 ' r104. 92 » 104. 66
92.28
93. 53 P 93. 53
111.44 ' 108. 14 » 108. 98
104. 16
111.79
113.44
114. 13
r
106. 12
110.21
' 94. 47 f 97. 12 * 96. 88
76.03 ' 78. 60 "78.80
"2.32
"2.47
"2.69
"2.00
"2.78
"2.41
"1.99
"2.12
"2.26
stric tly comp£irable wit h publish ed figures> through
SURVEY OF CURRENT BUSINESS
Maivh 1.901
S-15
I960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
January
February
March
April
May
June
1961
July
DecemOctober NovemAugust September
ber
ber
January
February
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Average hourly gross earnings per worker on payrolls
of nonagricultural establishments— Continued
All manufacturing industries— Continued
Nondurable goods industries— Continued
Tobacco manufactures
dollarsTextile miU products 9
- do _.
Knittin 0 ' 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 produces
-- do -_
Leather and leather products
do
Non manufacturing
industries:
Minin"1
. . . __do_Metal
do _ _
Anthracite
- -do
"Bituminous coal
do
Petroleum and natural-gas production (except
contract serv'fes)
dollars
Nopmetallic mining and Quarrying
do
Contract construction
do
rr
NonbniV!in
construction
do
0
Buildin " 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
I aundrfes
do
Cleaning and dyeing plants
. do
Miscellaneous wage, data:
Construction wages (ENR): §
Common labor
dol. per hr_.
Skilled labor
- do
"Equipment operators
-do
Farm wages, without board or room (quarterly)
dol. per hr.Railroad wages (average, class I)
do
1.72
1.60
1 50
1 51
1.54
2.24
2.38
2.73
2. 40
2.62
2.91
3.01
2. 51
1.63
1.70
1.60
1.56
1.51
1.55
2. 25
2.39
2.74
2. 46
2.62
2.90
3.00
2.50
1.63
1.72
1.62
1.60
1.52
1.56
2.24
2.38
2.75
2.47
2.63
2.90
2.99
2.48
1.64
1.80
1.61
1. 60
1. 50
1.53
2.24
2.37
2.75
2.48
2. 68
2. 93
3.03
2.47
1.64
1.80
1.63
1. 61
1. 52
1.54
2. 26
2.40
2.77
2.49
2. 65
2.90
3. 01
2. 52
1. 65
1.82
1.63
1. 62
1. 52
1.51
2.28
2.43
2.77
2. 52
2^67
2.91
3.02
2. 53
L 65
1.82
1.62
1.61
1.50
1. 55
2.29
2.44
2.78
2. 55
2.70
2.92
3. 03
2. 55
1.64
1.71
1.62
1.61
1. 51
1.57
2. 30
2.45
2. 77
2. 54
2.68
2.89
3. 00
2. 51
L64
1. 57
1.62
1.60
1.52
1. 58
2.32
2.47
2.80
2.54
2.70
2.92
3.03
2. 52
1.65
1.61
1. 63
1.60
1.53
1.59
2.31
2.46
2.79
2.53
2.70
2.89
3.00
2. 55
1. 60
1.74
1.62
1. 59
1. 53
1. 58
2.30
2. 46
2.80
2.54
2.71
2.92
3 02
2. 54
1.66
2.73
2. 66
2.77
3.29
2.71
2.64
2.80
2.72
2.65
2.76
3.28
2.71
2. 00
2.77
3.27
2. 70
2. 67
2, 78
3.27
2. 69
2-67
2. 08
2. 69
2. 69
2.72
2. 76
3.27
2. 68
2. 70
2.73
3. 25
2.70
2.72
2. 74
3.26
2.74
3:26
2.68
2.71
2. 74
3.26
r
3.28
2.67
2.68
2.74
3. 26
2.84
2.21
3.24
2.88
3. 32
2.81
2.22
3. 25
2.91
3.33
2.81
2.26
3.30
2. 99
3.38
2.83
2.25
3.23
2.87
3.32
2.83
2. 25
3.24
2. 90
3.34
2.81
2. 25
3. 24
2. 91
3. 3-1
2.84
2.28
3.27
2.96
3.37
2.79
2.28
3.28
3.00
3.37
2.84
2.30
3. 31
3.01
3.40
2.84
2.30
3.32
3. 02
3.42
2. 83
2.31
3 3°
2.97
3.42
r 2. 83
2.31
3.38
T
3. 04
3. 46
2.97
2. 31
3. 39
3 02
3. 47
2.26
2 22
2. 65
2 29
2" 23
2. 65
2 29
2. 24
2.66
2.29
2.22
2. 67
2.31
2. 24
2.68
2. 32
2.24
2.68
2 30
'I 26
2.69
2. 32
2. 26
2. 70
2.33
2.34
2.76
2 30
2^30
2. 74
2.33
2.30
2. 37
2.32
^2.77
2 35
5! 31
2. 75
2.27
2.27
o 29
2. 29
2.30
2,31
2.32
2.31
2.33
2. 33
r 2. 33
2. 35
1. 79
1.43
1.96
2.01
1.79
1.43
1.97
2.00
1. 79
1. 43
1.98
2. 03
1. 79
1. 42
1.97
2.08
1.81
1 . 45
2.00
2.07
1.82
1.45
2.01
2. 07
1.82
1. 45
2.01
2. 07
1.81
1.44
2.01
2. 04
1. 82
1. 45
2.03
2.01
1.83
1.45
2. 04
2. 05
1.82
1.44
2. 07
2 ()5
1.78
1.40
2.03
2. 02
1.84
1.48
2. 00
2.02
1.20
1. 20
1.39
1.20
1.20
1.39
1.20
1.20
1.39
1.20
1. 20
1.42
1.21
1.22
1.42
1. 22
1. 22
1.43
1. 22
L22
1.41
1.22
1.22
1.41
1. 23
1.23
1.42
1.24
1.23
1.43
1.24
1.23
1.41
1 95
1.23
1 . 42
1 23
1. 23
1.44
2. 638
3.948
3. 563
2. 638
3. 950
3.572
2. 642
3. 950
3.582
2. 645
3. 958
3. 598
3. 976
3. 604
2. 706
4. 020
3. 635
2. 724
4. 050
3. 664
2. 734
4. 063
3. 695
2. 739
4. 087
3.712
2.747
4. 099
3.728
2. 765
4. 118
3. 736
1.05
2.601
1 95
2.612
2.568
1.03
2. 585
1.92
2. 588
2. 581
1 02
2. 621
2 11
2. 592
2. 645
3.6
1.9
2.9
1.0
1.3
2.9
1.7
3.0
1.0
1.5
2.7
1.5
3.7
1.0
2.2
2.8
1.4
3.6
1.1
2.0
3.2
1.7
3.3
1.1
1.6
3.9
2.3
3.3
1.1
1.7
2.9
1.7
3.6
1.1
2.0
3.8
1.9
4.3
1.5
2.2
3.8
1.9
4.4
1.9
2.0
2.8
1.5
3.8
1.0
2.2
2.3
1.0
3.9
.7
2.7
.7
«• 4. 1
.6
7-3.0
200
65
250
70
270
85
370
110
400
150
425
190
325
150
300
155
225
140
250
120
140
70
95
70
170
80
325
140
1,000
400
145
1,250
430
140
1,500
530
190
1,500
600
225
1,750
650
285
2, 750
575
250
2,150
550
250
2,000
425
210
1, 750
450
170
1,750
375
110
1,000
300
80
850
300
100
700
4. 090
3. 718
.90
2. 650
2.21
2. 745
4. 095
3. 744
" 1.78
r 1.76
1.62
1 59
1. 52
1 . 57
2.32
2.47
r
2. 82
2.55
'2.72
r
2. 94
' I . 62
1 59
1.52
r 1.59
r
r 3. 03
r
2. 56
1.65
r
2.32
2.46
2.81
2. 55
2 72
3. 04
3. 15
2. 54
1.66
p 1. 76
p 1. 63
pl.59
P2.31
p 2. SO
P 2. 56
p 3. 04
p 2. 53
P 1. 65
3! 29
4. 119
3. 747
1.08
2.646
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:
"W'ork stoppages
number
Workers 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 programsf9
,-do
State programs:!
Initial claims ._ do
Insured unemployment, weekly average.. _do
Percent of covered employmentcf
Beneficiaries, weekly average
thousands-Benefits paid
mil of dol
Federal employees, insured unemployment
thousands- .
Veterans' program (UCX):*
Initial claims
do
Insured unemployment, weekly average . do .
Beneficiaries weekly average
do
Benefits paid
mil of dol
Railroad program:
Applications
thousand^
Insured unemployment, weekly average.-.do
Benefits paid
-.
- mil, ofdol.
r
P3.0
pl.O
M.I
r 1.9
418
412
450
511
534
537
491
556
584
517
430
378
2,359
2,326
2,370
2,078
1,801
1,700
1,826
1, 804
1,781
1,839
2,225
2,845
1,621
2,180
5.6
1,814
235.2
1,265
2,157
5.5
1,879
247.8
1,387
2,209
5.7
1,981
287.1
1, 232
1, 939
4.9
1,792
237.4
1, 162
1,682
4.3
1,494
204. 9
1,197
1,588
4.0
1. 447
198. 9
1, 426
1,686
4.3
1,392
183.8
1,407
1,657
4.2
1,399
206.3
1,206
1,598
4.0
1,418
201.8
1,393
1,678
4.2
1,395
189.9
1,744
2,039
5.1
1,603
231.1
38
39
38
33
30
29
30
30
28
30
31
61
57
7.4
27
61
59
7.6
29
61
59
8.3
23
54
55
7.0
22
45
45
6.0
27
45
44
6.0
30
49
43
5.5
32
52
48
6.8
27
49
48
6.4
29
50
45
5.9
12
78
16.6
6
69
13.8
59
63
13.4
6
54
10.4
5
45
7.9
6
39
7.5
81
61
7.4
31
65
12.1
99
107
18.5
20
82
15.2
23
95
16.0
p2. 9
365
T
3, 515
p 3, 639
2.175
2, 639
6.6
2,069
300.2
2,381
3,266
8.1
2 722
397. 6
* 3, 394
^8.4
33
35
40
Ml
33
59
52
7.0
36
71
64
8.6
39
86
81
11.0
P91
21
103
18.8
-123
p 113
r
Revised.
* Preliminary.
9 Includes data not shown separately.
§Rates as of March 1, 1961: Common labor, $2.765; skilled labor, $4.120; equipment operators, $3.747.
fBeginning 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). Total insured unemployment includes the UCV program (not shown separately) through Jan. 31, 1960 (expiration date).
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
Data relate to persons eligible for compensation under the Ex-Servicemen's Unemployment Compensation Act of 1958 (effective Oct. 27,1958).
Digitized
forseries.
FRASER
SURVEY OF CUEEENT BUSINESS
S-16
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1960
January
February
April
March
May
June
1861
July
DecemAugust SeptemOctober November
ber
ber
January
February
FINANCE
I
!
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 p?per)*
do
Agricultural loans and discounts outstanding of agencies supervised by the Farm Credit Adm.:
Total
- -mil. of dol _
Farm mortgage loans: Federal land banks,_do
Loans to cooperatives
do
Other loans and discounts
do
Pftnk debits total (344 centers)
Now York City
6 other con torso"
_ _ _ do. .
do
do
Federal Reserve banks, condition, end of month:
Assets total 9
__ _ do
Reserve bank credit outstanding, total 9
do
Discounts
and
advances
__do
I T nited States Government securities
do
Gold certificate reserves
do
Liabilities total 9
Deposits, total 9
Member-bank reserve balances
Federal Reserve notes in circulation
do
do
do
_do
Ratio of gold certificate reserves to deposit and FR
note liabilities combined
percent..
A 11 member banks of Federal Reserve System , averages
of daily figures:*
Fxcess reserves
mil. of dol
Borrowings from Fed. Reserve banks
do
Free reserves
do
Weoklv reporting member banks of Fed. Reserve System, condition, Wednesday nearest end of month:f
Deposits:
Demand adiusted©
mil. of dol
Demand, except interbank:
Individuals partnerships, and corp_ _ _ _do _
States and political siibdi visions
do. __
I T nited States Government
do
Time except interbank, total 9
Individuals partnerships, and corp
States and political subdivisions
Interbank (demand and time)
_ do
do
do
do
Investments, total
_ do
U.S. Government obligations, direct and guaranteed total
mil. of dol
Bills
do
Certificates
do
Notes and bonds
_
do
Other securities
do
1 , 229
3,889
f.f>4
1,240
4, 085
718
1,366
3, 225
3,367
805
3,515
4, 487
2, 378
632
1,477
4, 551
2, 400
624
1,528
4. 616
2, 428
609
1, 580
230,119
221,984
245, 729
96, 593
50, 410
88, 529
46, 305
52, 262
27,613
862
25, 464
19, 155
52, 202
19, 536
85, 058
45, 626
51,431
20, era
739
25, 209
19,134
51,431
18,725
1,336
4,320
51,577
r
1, 561
1,263
4 402
920
3, 572
3.438
3,536
1 266
3 654
4, 690
2, 446
594
1,649
4, 747
2, 468
565
1,714
4.812
2, 487
' 551
1.774
4, 853
2, 500
557
1,795
4,871
2,515
562
1,794
4,459
1,021
226, 007 * 232, 844 '250,852
99. 809
86,174 88,551
46, 862
47, 895
50, 415
51,144
4.652
1, 116
1 656
4,920
1,668
4, 55S
1,263
3, 295
1, 753
5. 056
1 365
3, 691
4,870
4,837
2,538
2. 528
' 589
1, 753
52,116
51,983
27,131
25, 264
19,113
571
25, 558
19, 066
27, 262
342
26, 035
19. 059
52, 394
27, 869
258
26, 523
19, 029
28, 131
343
26. 885
18, 839
51,577
51,983
51,144
52, 394
52,116
19,305
52,134
1,868
2,027
5,097
4,312
1 252
1,380
3,717
3,060
4,787
2, 548
652
1,587
638
1, 660
223, 539 ' 241, 771 '240,772 '233,131
86, 063
92,435 97 if;° 89, 905
45, 254
49,474
47, 909
47, 567
27, 103
r
235, 100
91, 020
47, 577
r
2.029
4, 949
1,404
3 54,"
4, 795
2, 564
649
1,582
4. 851
2. 581
1,595
4, 936
2, 605
683
1.648
256. 905
101,551
52,313
247, 600
94, 473
52, 388
222, 666
89, 831
44, 861
28. 402
181
27, 024
18, 394
28, 729
193
27, 402
18, 107
52,183
51, 962
28, 731
101
27, 488
17, 610
52, 984
29, 359
33
27, 384
17, 479
50, 235
27, 560
60
26, 570
50. 438
27. 866
53
26, 667
52, 009
18, 853
17, 735
27, 621
52, 134
52, 183
50, 438
27, 680
52, 984
18, 336
17, 081
28, 450
50, 235
17, 942
27, 651
51, 962
17, 924
16, 770
28, 066
16, 066
27, 700
27. 548
52, 009
27, 907
405
26, 762
18, 709
17,140
17.075
19,126
17.941
27, 258
18, 643
17, 619
27, 344
27, 505
18, 261
27, 612
41.4
41.2
41.4
40.8
40.2
40.3
39.3
38.7
38.3
37.4
38.1
38.0
455
816
-361
416
635
-219
408
602
-194
469
502
-33
466
425
41
508
388
120
540
293
247
639
225
414
638
149
489
756
142
614
769
87
682
' 744
49
'695
649
137
512
60, 616
59, 536
59, 085
60, 702
58. 185
58, 649
59, 392
58, 934
58, 813
59, 794
59, 762
61, 490
60, 686
59, 291
63, 727
4,921
62, 838
63, 770
4,981
3.219
62, 259
5,137
62, 026
4, 718
4, 965
62, 469
62, 236
62, 306
4, 630
5, 524
63, 918
64, 302
67, 026
4,691
64, 581
64.118
4,413
3,511
3,956
32, 186
32, 502
30, 432
1,940
14,993
32, 483
30, 334
2,017
15, 660
2,220
31,790
2,393
27 599
17, 754
27, 433
18, 861
17, 773
27, 341
40.6
41.5
544
905
-361
18,396
18, 976
17,850
19,110
19,120
17,956
17,268
17.355
16,277
2,607
4,920
2,954
61,890
4,836
2,843
30, 146
28, 483
1, 518
13, 303
30, 146
28, 481
1,521
12, 783
30. 423
28, 731
1,550
12, 597
30, 454
28, 679
1,640
12, 638
30, 613
28. 805
1,676
13, 352
31,157
31. 428
29, 250
1,778
13, 299
29,417
13,736
31, 858
29, 738
1,987
13, 592
36, 141
35,040
34, 150
35, 563
35, 082
34, 733
36, 679
36, 902
37, 490
38, 994
38,883
40, 242
40, 859
40, 686
26, 444
2,001
1,203
23, 240
25, 352
1, 617
464
23, 271
24. 495
1,069
431
22, 995
9, 655
25, 991
1,474
444
25, 752
1, 314
874
23, 564
25, 359
950
874
23, 535
27, 062
27, 381
2,612
1,309
23, 460
9, 521
27, 816
2, 825
1,364
23, 627
29, 305
4. 037
1.458
23. 810
29,312
3,500
30, 165
30, 712
30, 265
9.689
1,327
24, 485
9,571
1,537
24, 600
1,594
24. 655
1,081
25, 531
10. 421
66, 036
< 29, 941
1.938
66, 532
30, 303
1, 769
66, 890
67, 492
67, 843
68, 691
' 30, 927 '31,156 '•31,632
1, 705
1,812
1,665
68, 469
67, 948
68, 727
68, 812
'31,093 ' 30, 955 '31,526 '31,637
1,982
1,865
2,066
2,260
68, 445
31, 749
1,851
70, 174
31,931
68, 792
2,610
31,067
2,268
1,281
5, 323
12, 524
17, 895
1,318
5, 927
12, 508
1,285
5,178
12, 469
9,697
9,688
24,073
9,572
Loans (adiusted), total©
.
do
r
'31,009
Commercial and industrial
_
do
1,479
To brokers and dealers in securities
do
Other loans for purchasing or carrying securities
1,306
1,289
1,266
1,251
mil. of dol__
' 5, 516 ' 5, 802 r 5, 771 * 5, 891
To nonbankfinancialinstitutions
__do .
12,
615
12,
605
12,586
12,
581
Real estate loans
do
' 17, 257 ' 17, 364 ' 17, 645 18, 099
Other loans
do
Money and interest rates :§
Bank rates on business loans:
In 19 cities
New York Citv
7 other northern and eastern cities
1 382
888
3,381
4,269
5,002
9,330
1,274
1, 267
' 5, 946 '6,205
12, 548
12,543
18, 149
18, 130
5.34
5.18
5.34
5.57
percent
do
do
9,374
4,947
4,549
1,882
2,782
848
23, 432
9,617
1,279
r 6, 194
12,510
18, 486
4,794
3,676
1,274
' 5, 843
12,566
18,247
5.35
5.19
5.34
5.58
30,112
1,945
13,784
9,674
r
1,292
5, 793
12.556
17,955
4,945
1,294
5, 479
12, 522
18, 393
r
4,862
4.97
4.74
4.96
5.32
5,079
4. 967
3,081
3,860
33, 114
30, 760
34, 329
34. 661
32, 130
15, 493
14, 652
4,028
10,077
18,716
4,463
10,147
2,390
14.657
3,653
68, 955
31.303
2.217
1,284
19,371
5,278
12,450
19,439
4 99
4.77
4.97
5 33
Discount rate, end of mo. (N.Y.F.R. Bank)_._do
Federal intermediate credit bank loansj
do
Federal land bank loansf
do
4.00
5.63
6.00
4.00
5.72
6.00
4.00
5.70
6.00
4.00
5.57
6.00
4.00
5.31
6.00
3.50
5.30
6.00
3.50
5.11
6.00
3.00
4.75
6.00
3.00
4.55
6,00
3.00
4.43
6.00
3.00
4.34
6.00
3.00
4.21
6.00
3.00
4.05
5.63
3.00
4.04
5.63
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. _ _ _ d o
4.78
4.91
5.02
5.41
4.44
4.66
4.50
5.50
3.96
4.49
4.16
5.50
3.88
4.16
3.74
5.50
3.78
4.25
3.88
5.11
3.28
3.81
3.24
5.00
3.13
3.39
2.98
5.00
3.04
3.34
2.94
4.85
3.00
3.39
3.13
4.50
3.00
3.30
3.11
4.50
3.00
3.28
2.91
4.50
2.92
3.23
2.97
4.50
2.86
2.98
2.78
4.50
2.78
3 03
2.65
4.50
4.436
3.954
3.439
3.244
3.392
2.286
2.489
2.272
3.50
3.50
2.426
2.384
4.23
2.641
4.06
2.396
4.24
3.61
3.68
3.51
2.302
2.408
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
percent.3-5 year issues
_ _
do
4.87
4.66
4.42
3.71
3.53
3.54
Savings deposits, balance to credit of depositors:
New York State savings banks
mil. of dol__ 20, 544 20, 558 20, 774 20, 659 20, 684 20, 848 20, 832 20, 874 21, 063 21, 051 21, 135 21, 400 21, 438
21 500
894
928
909
879
849
836
810
823
798
779
U.S. postal savingsl
do
788
770
760
749
r
Revised.
* Preliminary.
*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.
fllevised series, reflecting change in coverage and format. 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 items are gross, i.e., before deduction of valuation reserves).
§For bond yields, see p. S-20.
{Minor revisions prior to September 1959 will be shown later.
*JData are as of end of consecutive 4-week periods ending in month indicated, except June figure which is as of June 30 (end of fiscal year).
SURVEY OF CURRENT BUSINESS
March 1.961
Un!ess otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-17
1960
January
February
March
April
May
1961
July
June
DecemAugust Septem- October November
ber
ber
January
February
FINANCE—Continued
CONSUMER CREDIT f
(Short- and Intermediate-term)
Total outstanding1 end of month
mil. ofdol__
Installment credit total
do
51,468
51, 182
51,298
52, 353
52, 991
53, 662
53, 809
54, 092
54, 265
54,344
54, 626
56, 049
55, 021
39, 738
39, 785
40, 020
40, 651
41, 125
41, 752
42, 050
42, 378
42, 517
42, 591
42, 703
43, 281
42, 782
Au-tomobile paper
Other consumer goods paper
Repair and modernization loans _~
Personal loans
do
__ _ _ d o _
- do
do
16, 519
10, 386
2,769
10, 064
16. 626
10, 254
2,772
10, 133
16, 826
10, 192
2,783
10, 219
17, 170
10, 281
2,814
10, 386
17,431
10, 339
2,865
10, 490
17,755
10, 462
2, 905
10, 630
17,893
10, 452
2,934
10, 771
18, 020
10, 477
2,975
10, 906
18, 021
10, 543
3,001
10, 952
17,992
10, 625
3,013
10, 961
17, 967
10, 715
3,020
11,001
17, 866
11,215
3,008
11, 192
17,611
11,050
2,967
11,154
By type of holder:
Financial institutions, total
Commercial banks
Rales finance companies
Credit unions
Consumer finance companies
Other
_ __ do
__do
do
do _
do
do
34, 332
15.366
10, 168
3.272
3,787
1,739
34, 576
1 5, 433
10, 276
3, 308
3, 807
1,752
34, 764
15,440
10, 357
3,381
3, 821
1,765
35, 431
15,711
10,604
3. 471
3.872
1,773
35, 902
15,911
10, 744
3, 537
3,902
1,808
36, 481
16, 145
10,945
3,626
3,957
1, 808
36, 857
16, 239
11,062
3,679
4,049
1,828
37, 199
16, 362
11,142
3, 754
4,099
1,842
37, 318
16, 416
11, 154
3,795
4,111
1,842
37, 330
16, 408
11,147
3,833
4,097
1,845
37, 368
16, 402
11, Ml
3,870
4,107
1,848
37, 502
16. 398
11, 134
3,906
4,212
1,852
38, 186
17, 261
11,030
3,860
4,179
1.856
5,406
2, 103
1,189
480
1, 634
5,209
1,997
1,167
482
1,563
5, 256
2,098
1,144
487
1,527
5,220
2, 050
1, 135
496
1.539
5,223
2,054
1,125
503
1, 541
5,271
2,073
1,132
512
1, 554
5, 193
2,020
1, 124
516
1, 533
5,179
2,012
1, 132
520
1,515
5,199
2,049
1, 129
519
1,502
5,261
2, 103
1,130
518
1,510
5, 335
2,155
1,140
517
1,523
5,779
2,401
1,189
513
1,676
4,596
1,342
1, 151
504
1,599
Retail outlets total
Department stores
Furniture stores
Automobile dealers
Other
do
- do_ __
do
do
do
__
11.730
11, 397
11,278
11, 702
11.866
11,910
11,759
11.714
11,748
11,753
11,923
12, 768
12, 239
Single-payment loans total
Commercial banks*
Other financial institutions*
do
do
__ _ do __
4,056
3, 531
525
4,129
3, 549
580
4,191
3, 556
635
4,226
3, 627
599
4, 313
3, 631
682
4,294
3, 682
612
4, 265
3, 663
602
4,276
3, 656
620
4,317
3.715
602
4,272
3,692
580
4,301
3,711
590
4,311
3,737
574
4,314
3,740
574
Charge accounts, total
Department stores*
Other retail outlets*
Credit cards*
Service credit
-
__do
do
do
do
do
4, 595
824
3,378
393
3,079
4,104
685
3.034
385
3,164
3,927
622
2, 917
'388
3,160
4, 245
656
3, 206
3.231
4, 342
646
3, 305
391
3.211
4, 423
633
3,382
408
3,193
4,311
584
3,295
432
3,183
4,277
584
3, 236
457
3. 161
4. 283
625
3.199
459
3,148
4,370
661
3,266
443
3.111
4,463
709
3,326
428
3. 159
5.187
941
3,801
445
3, 270
4, 599
805
3, 346
448
3,326
do
do
do
do
3. 592
1,269
1,023
1,300
3, 763
1,424
961
1,378
4. 238
1,629
1,089
1,520
4. 509
1 , 692
1,202
1,615
4, 375
1, 658
1,183
1,534
4, 615
1.733
1,267
1,615
4, 156
1,473
1, 085
1, 598
4, 365
1, 570
1,165
1,630
4,010
1,372
1, 173
1,465
4,012
1.407
1,207
1,398
4,067
1. 364
1,217
1,486
4, 641
1,248
1,654
1,739
3,473
1,130
1,012
1,331
do
do
do
do
3, 706
1,299
1,113
1,294
3, 716
1,317
1,093
1, 306
4,003
1,429
1, 151
1. 423
3, 878
1. 348
1,113
1,417
3, 901
1.397
1. 125
1.379
3, 988
1.409
1,144
1. 435
3, 858
1,335
1,095
1, 428
4, 037
1.443
1. 140
1,454
3, 871
1.371
1,107
1,393
3,938
1,436
1,125
1, 377
3, 955
1,389
1,127
1,439
4, 063
1 , 349
1,154
1, 560
3,972
1, 385
1, 177
1,410
do
do
do
do
' 4, 160
' 1, 454
1,227
1,479
'4,214
1,417
r
4, 072
>• 1, 422
1,112
1,538
'4,108
1,460
1,165
1,483
4, 134
1. 482
1,159
1 . 493
4,007
1.325
1.200
1.482
3, 809
1 , 239
1,185
1,445
do
do
do
do
r 3, 848
1, 359
T
1,116
1,
3, 765
1,330
1,084
1, 351
3, 994
1,417
'1,147
1,430
3, 946
1,397
1,119
1, 430
3, 931
1.356
1,156
1,419
3,972
1,387
1,154
1,431
5, 425
4. 867
90
do
do
do
do
do do
do
do
do
Noninstallment credit total
do
Installment credit extended and repaid :
Unadjusted:
Extended total
\utomobile paper
Other consumer ""cods paper
All other
Repaid total
Automobile paper
Ofher consumer goods paper
All other
Adjusted:
Extended, total
Automobile paper
Other consumer goods paper
All other
Repaid total
Automobile paper
Other consumer goods paper
All other
r
r
4, 197
1, 534
1,171
1,492
r
r
r
r
4, 259
1, 591
1, 178
1, 490
h83
r
r
4, 499
l,63f)
1 , 266
1,597
r
r
4, 255
1,558
1,170
1,527
r
r
r
4, 313
1, 538
1, 248
1 , 527
r
r 1,1 68
' 1, 629
T
r
4, 125
1,422
'1,162
r
1, 541
r
r
r
r
1, 354
3, 935
1,379
1,111
1, 445
••3,911
1,402
••1,126
1.383
3, 934
1,392
1,135
1,407
9, 289
7,237
93
12, 217
9, 580
105
7, 468
5, 064
91
9, 725
6.550
91
12, 804
10, 891
90
3. 976
3,128
84
8, 590
6,454
93
10,211
8,981
87
3,641
2,823
92
7, 900
6, 300
91
8, 751
7,643
80
5, 537
4, 846
82
3, 004
564
341
1,427
5,718
483
1,611
1,384
3,332
6,192
1,149
1,439
4,290
619
858
1,609
5.783
467
1,918
1, 466
4,125
5, 530
1, 155
1, 903
1,401
670
383
1,439
4,996
409
1, 008
1,484
4, 486
3,492
792
1,354
1,296
481
389
1,383
4, 648
455
1, 295
1,411
2. 974
3, 331
596
1,770
3,198
534
348
1.375
6,157
826
419
3,523
1,431
6,142
779
420
3, 684
1,287
6 423
784
457
3, 976
1,207
6,032
6, 073
772
422
3,669
1,216
6, 521
801
M2S
r
3, 987
r
1, 573
6,172
806
404
3, 471
1,533
6, 803
751
461
3,976
1,645
6, 793
736
416
3,910
1,746
6, 829
748
422
3, 728
1,934
6. 773
734
436
3,884
1,727
6, 847
765
438
4,217
1,638
6, 470
775
291, 085 290, 583 286, 826 288, 787 289, 367 286, 331 288, 338 288, 672 288, 423
288, 086 287, 588 283, 772 285, 773 286, 308 283, 241 285, 285 285, 634 285, 358
245, 456 244, 753 240,515 242, 930 242, 408 238, 342 241, 088 240,413 240, 382
10, 496 10, 322 10, 330 10, 283 10,385 10, 360 10, 559 10, 641 10, 487
42, 630 42, 835 43, 257 42, 843 43, 900 44, 899 44, 198 45, 222 44, 977
2, 999
2,995
3,054
3, 090
3,059
3,014
3,053
3,065
3,038
290, 487
287, 372
243, 097
10, 671
44, 275
3,115
290, 414
287, 138
242, 578
10, 748
44, 561
3, 276
290,217
286, 820
242, 474
10, 639
44,346
3, 396
290, 036
286, 651
242, 827
290, 544
287, 190
243, 462
4, 3824
3,385
43, 727
3,354
3, 777
1,342
r 1,081
r
* 3, 997
1, 385
»• 1, 148
r 1, 464
3, 918
1,388
1, 123
1,407
r
r
3, 958
1,375
1, 141
1,442
r
FEDERAL GOVERNMENT FINANCE
Budget receipts and expenditures:
Receipts, total
Receipts, net 1
Customs
mil. of dol
do
do
Individual income taxes
Corporation income taxes
Employment taxes
Other internal revenue and receipts
Expenditures, total f _
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
do
Interest bearing, total
do
Public issues
do
Held by U.S. Govt. in vestment accts.c*__do
Special issues..
_ _ _ _ _ _ _
do
Non interest bearing _
do
421
3,669
1,179
135
130
140
138
132
133
134
161
153
157
159
156
Obligations guaranteed by U.S. Govt., end mo__do
160
196
U.S. savings bonds:
48, 273 48, 182 48, 085 47, 953 47, 889 47, 824 47, 620 47, 596 47, 578 47,605 47, 629 47, 527 47, 553 47, 621
Amount'outstanding, end of month
do
421
438
393
349
354
340
326
340
355
340
348
456
Sales, series E and H _
__.
do
346
416
923
627
584
508
683
564
527
453
398
575
476
413
559
Redemptions
do
448
LIFE INSURANCE
Institute of Life Insurance:!
Assets, total, all U.S. life insurance companies
114,202 114,666 114,965 115,394 115, 908 116, 377 117,005 117, 581 117, 947 118, 544 119,066 119,717 120, 467
mil. of dol
Bonds (book value), domestic and foreign, total
58, 031
58, 164
58, 398
58, 619
58, 685
mil. of dol._ 57, 061 57, 190 57, 214 57, 291 57, 494 57, 557 57,877
59, 092
7,011
6,975
6,661
U.S. Government
do
6,808
6,723
6,559
6,632
6,524
6,547
6,592
6, 586
6,444
6,545
3,222
3,197
3,304
3,257
3,278
State, county, municipal (U.S.) _ _
do
3,421
3,464
3, 579
3,605
3,317
3,546
3,622
3, 671
15,748 15, 761 15, 768 15, 783 15, 807 15,843 15,834 15, 844 15, 868 15, 875 15, 924 15, 942 15, 967
Public utility (U S )
do
3,781
3,779
3,775
3,764
3,767
3,770
3,758
3,766
3,749
3,750
3,732
Railroad (U.S.)
do
3, 756
3,711
23, 907 24, 002 24, 114 24, 224 24, 384 24, 473 ' 24,609
25, 108 ' 25, 225
Industrial and miscellaneous (U.S.)
do
24, 729 ' 24, 743
24, 998
25, 420
r
Revised.
v Preliminary.
fRevised series (toir corporate more coniprehensi re informsition rece]ntly avail able, othc r changes , and to i nclude da :a for Ala ska begin ning JaiiL ary 1959
and for Hawaii beginning August 1959). Revisions for i]istallmen t credit e\ tend badc to June 1956; thos e for noninstallmer t credit, 1lack to JEmuary 19'17. For r evisions r rior to N ovember
fl-in 77W,oi
*TT n>T O K O ^/-vr
CT»,~,^ rfor net receipts and total exn.TillaJim
lletin.
*For data prior to MarchT 1959,
see Federal Reserve Bulletins.
^Data
penditures reflect exclusion of certain interfund transactions; comparable data for July 1958-July 1959 will be shown later.
cf For data prior to January 1959, see Treasury Bulletins.
JRe visions
for
January-October
1958
will
be
shown
later.
v
SURVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
I960
January
February
March
April
May
June
19G1.
July
j
j August
!
Semem-j O r > o b f r November
Uaohn
-her
December
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
Policy loans and premium notes
_ do
Cash
do
Other assets
do
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance):!
Value estimated total
mil. ofdol
Group and wholesale __
do
Industrial
do
Ordinary total
._
do
New England
Middle Atlantic
East North Central
West North Central
South Atlantic
East South Central
.
__do
do
do
do
do
do
West South Central
do_.
Mountain
do
Pacific (incl. Alaska and Hawaii)
do
Institute of Life Insurance: J
Payments to policy-holders and beneficiaries, estimated total
mil. of dol
Death benefits
do
Matured endowments
do
Disability payments
. . _.do
Annuity payments
Surrender values
Policy dividends
Life Insurance Association of America:
Premium income (39 cos ) Quarterly tot^l
Accident and health
Annuities
Group
Industrial
Ordinary
do
do
do
3.717
1 720
1, 949
39 573
30, 753
3,735
1,727
1. 961
39 769
36, 933
3, 688
4 651
1,236
4 276
3, 698
4 709
]. 183
4 382
1 r
r
3. 504 i •" 3, 846
872
491
986
4, 867
<- 5, 399
222
734
683
980
434
164
241
824
767
303
495
181
353
1 03
467
3, 722
1 750
1,927
40 Oil
37,155
3
4
1
4
1 r
r
712
774
153
379
3,742
1 , 753
1,944
40, 236
37, 358
3. 785
1 , 770
1.971
40, 439
37, 545
3, 788
1,723
2,019
40, 631
37, 722
3,828
1,790
1,988
40, 694
37, 769
3,881
1 818
2,010
40 9°0
37. 982
3, 885
1 830
1 , 996
41 099
38,153
3,941
1 871
2 017
41 313
38, 356
3,980
1 870
9 Q50
41 521
38,553
4, 054
1 895
2 102
41 798
38, 803
4. 095
1 914
2 126
49 008
39. 021
3. 721
4.838
1.192
4,374
3, 766
4 897
1,180
4 347
3 786
4, 957
1.213
4 445
3,809
5, 029
1 , 225
4 543
3,822
5 085
1,229
4 613
3,828
5 138
1,178
4 655
3 834
5 182
1 268
4 608
3 851
5 995
1 233
4 537
3 804
5 207
1 332
4 777
3 813
5 303
1 278
4 878
1 O l >3
543
6 654
1 r 4 siq
j 094
485
r
0 998
3 477
1 094
\)3
5 074
019
70N
4 619 i r 4. 337
1 099
913
597
^70
6 287
* 5, 847
1 r
r
4, 480 *
929
656
6. Of>5
r
r
4. 527 i ' 4,040
1,611
1,327
541
607
r
6, 745
5. 908
1 r
3, 996 i r 4 978
1,031
1 ' r228
550
)80
r
6 080
1 r 4
r
4gg
268
887
858
352
559
201
800
845
335
570
230
290
958
860
340
589
223
293
902
915
381
02 1
269
424
190
513
424
205
559
418
200
529
394
195
552
425
221
473
242
004
10.2
672 9
280 0
57.3
9. 9
605. 7
251 4
48.4
9.7
679. 4
292 2
51. 4
10.7
633. 3
260 9
50.9
9. 6
026. 1
258 4
52 8
10.3
660 7
283 1
57 5
10.1
00. 1
1 39. 0
120 9
00. 8
134 7
130.2
59. 4
132 1
104. 7
142 4
123, 2
50 5
1 25. 9
129. 5
58 8
132 9
112.9
59 3
135 0
115.7
17,910
285
954
941
357
569
223
276
945
869
349
593
215
277
946
852
369
591
216
245
846
783
339
525
190
393
161
477
466
9
16
605
432
197
509
447
209
581
468
207
580
636. 3
258 6
61.0
11.0
656. 6
°82 5
57. 3
9.9
327 5
63 5
11.1
650. 1
270 2
56 9
9.8
673. 5
285. 6
75.1
126. 4
104.2
r>s 5
58. 6
155 9
153 6
59. 3
1 32. 5
121.4
269 9
344 8
176 0
1 511 6
(>H;;
279
459
10 1
342
I f -5
711.2
304 2
91-)- 7
58 4
11 . 5
11.9
50. 1
1 '7 2
r
284. S
81.2
] 3S. 5
22 403
2. 779
2. 815. 5
552. 0
250 8
357. 0
170 1
1, 479. 6
2,771 2
539. 6
210 7
321 8
173 0
1,496 ()
2 8°5 0
do
do
do
do
do
do
r
4,334
1 017
569
5, 920
°36
782
784
329
527
199
263
91 9
871
•309
559
207
129.4
119.0
1 T
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
19,444
— 11 6
106
2 453
19, 421
—21 3
42
4, 440
19,408
— 13 5
111
17,592
19,360
— 71. 5
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
M^exico
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
89 300
66 300
13, 200
3, 400
88 500
65 600
13 000
3,100
89 100
64 800
13, 600
3, 500
2,134
3, 378
. 914
1, 156
5, 002
.914
9 755
3 816
3,327
Deposits (adjusted) and currency, totalK
do
Demand deposits, adjusted!
_
do
Time deposits, adjusted^
do
Currency outside banks
do
Turnover of demand deposits except interbank and
U.S. Government, annual rates, seas, adjusted:!
New York City
ratio of debits to deposits
6 other centers cf - do
337 other reporting centers
do
8. 639
19, 352
— 14 2
71
10, 321
19 322
— 101 8
121
76, 649
19, 144
°29 3
148
49, 096
19, 005
— 151 4
39
11, 954
18, 685
—319 5
167
5,376
18,402
307 5
270
125, 558
172
19,556
— 144 7
1 23
3. 397
90, 200
07,000
12,800
3, 500
68, 700
13, 200
4, 100
13, 500
3, 900
13, 800
4, 500
13,300
4, 900
12,900
5. 000
14, 100
4. 400
1 3. 700
4, 300
13. 800
3 900
1 841
5 501
. 914
1,255
6, 739
.914
1,003
3,982
.914
3. 545
6, 649
. 91 4
2,074
4, 396
. 914
2, 466
4, 251
.914
1. 801
5, 864
. 914
1 . 754
3,999
.914
3, 093
3,039
.914
3. 607
4. 038
.914
9 864
4 543
3 454
2.740
3 360
4,010
2. 589
4,240
3, 866
2, 355
3, 202
3, 425
2.971
3 565
3 278
2,920
3 100
2,817
2. 650
3 941
3, 115
2, 408
3, 022
2, 415
2,878
3 500
2,918
3,405
4. Ill
31.0
250.5
2.8
4.8
31.6
248.0
2.6
5.8
31.6
247. 3
2. 7
5.6
31.6
250. 2
2.8
5. 7
31 9
249.3
2.8
8.1
32.1
251. 0
2.9
8. 2
32.0
252.9
2.8
7.4
32.0
252. 2
3.0
6.6
32.0
255. 1
2.9
8.7
32.1
257. 5
3.1
7. 1
32. 6
257. 0
3.1
6.5
201. 5
3.3
6.8
r
31.8
259 2
3.1
4.5
259. 4
3.1
0.9
242. 9
114.0
101.0
27.9
239.6
110.5
101.2
28.0
239.0
108.8
102. 2
28.1
241.7
111.5
102. 3
27.9
238.4
107.7
102. 6
28.1
239.8
107. 8
103. 7
28.3
242. 6
110. 1
104.2
28.4
242. 7
108.9
105.2
28.5
243. 0
109.3
106.0
28.3
247.2
112.2
106. 7
28.3
247. 3
111.9
106. 7
28.7
251. 4
114.5
108. 1
28.8
'251.6
114.6
' 109.1
28.0
249.4
110.5
110.7
28 2
55. 7
33.0
25.1
58.5
35.7
26.4
57.9
34.0
25.8
56.4
35.3
26.1
61.1
35.5
26.3
61.3
35.7
26.4
58.9
34.2
25.5
65.5
36.7
26.6
68.5
35. 8
26.0
00.0
34.9
25.5
03. 5
35.8
20.2
57.8
34.3
25. 1
57.0
30. 3
03.7
v 35. 4
v 25. 7
1 7. 411
4. 673
4, 105
.914 "~".Tl4~
3,086
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Fed. Trade and SEC):0
3,612
3,992
4 081
Net profit after taxes all industries
mil of dol
349
305
261
Food and kindred products
do
80
86
93
Textile mill products
do
Lumber and wood products (except furniture)
34
24
45
mil of dol
144
159
143
Paper and allied products
. do
r
Revised.
p Preliminary.
1 Includes revisions not distributed by regions.
©See footnote "J" for p. S-17.
tlnsuran.ee written includes data for Alaska beginning 1957 and for Hawaii beginning 1958; revised figures for 1958-April 1959 (including these States) will be shown later. Payments to
policyholders, etc., include data for Alaska beginning January 1959 and for Hawaii beginning September 1959.
§Or increase in earmarked gold (—).
9 Includes data for the following countries not shown separately: Mexico; Brazil; Colombia; Nicaragua; Australia; and India.
fThe term "adjusted" denotes exclusion of interbank and U.S. Government deposits; for demand deposits, also exclusion of cash items reported as in process of collection.
tRevised series, replacing unadjusted rates shown prior to the February 1960 SURVEY and incorporating two major changes. See the January 1900 Federal Reserve bulletin for detail? and
data back to January 1950.
cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
GEffective 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 CURRENT BUSINESS
March
Unless otherwise stated, statistics through 1058 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-19
1960
January
February
March
May
April
June
1961
July
DecemAugust Septem- October November
ber
ber
January
February
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 metaldo
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 manuf acturing 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).
504 i
738
177 i
116
132
507
684
92
141
400
559
623
187
141
263
95
203
272
123
319
265
64
565
390
74
504
428
50
191
482
2, 001
2, 024
1 953
502
422
41^
131
°31
50
9
452
SECURITIES ISSUED
Securities and Exchange Commission: J
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
Noncorporate, total 9
IT.S Government
_.
State and municipal
. ___
New corporate security issues:
Estimated net proceeds, total
__
Proposed uses of proceeds:
New money, total. _ _
Plant and equipment
Working capital-Retirement of securities
Other purposes
State and municipal issues (Bond Buyer) :
Long-term
Short-term
__
2. 493
1 , 626
3. 177
1 829
1 7Qf)
1 985
1.981
1.712
1 , 760
404
153
38
3 006
816
137
34
1 6^3
612
1 669
7^3
105
9
5
1 852
1 8.59
859
229
26
1 504
*048
101
9
1
876
117
10
786
84
45
1 581
414
99 I
31 ;
1.115
265
4
371
40
05
293
770
190
26
144
913
03
1 . 009
9 15
286
14
322
3
228
31
58
080
987
232
9
226
16
163
761
170
326
29
53
147
595
101
34
147
20
38
1 50
391
568
3. 768
2, 800
717
1,356
368
556
1 378
350
978
353
475
1,958
2.127
2, 077
4, 579
1.951
do
do
do
do
1,833
524
100
20
1 942
554
156
29
1, 858
675
173
46
4, 352
584
196
31
do
do
do
do
do
do
do
649
77
31
158
19
37
250
740
73
10
253
5
82
206
894
1 95
79
202
811
180
do
do
_ do
1,309
420
096
1, 388
435
622
1, 183
mil. of dol
8
70
223
o
QO
9
Q
99
1S4
11
QS
247
r-44
121
8
139
29Q
306
10
Q!
«g
195
$
°50
1 58
2 190
1 371
607
1 061
338
682
886
345
343
976
326
496
1.066
348
490
I. 107
455
706
753
968
746
896
989
900
534
65°
919
640
279
6
43
81 5
613
815
519
296
24
61
499
307
192
°2
"9
809
472
337
30
150
490
279
•• 706
856
253
4
171
do
635
724
875
789
577
1, 085
do
do
do
do
do
550
302
247
58
27
667
404
263
9
48
803
478
325
15
57
681
479
202
23
86
519
333
187
11
48
985
613
372
51
50
do
do
096
268
622
345
568
365
717
365
556
351
978
297
475
280
607
505
682
1QQ
343
254
496
499
366
3,333
1,001
2,423
375
3, 267
981
2,396
366
3,145
988
2,220
354
3,150
940
2,340
362
3, 151
970
2,322
366
3,188
1.016
2,272
361
3,113
1,018
2,229
362
3,220
1,021
2,236
356
3, 259
1 059
2,320
377
3 243
1 063
2 300
380
3,240
1, 062
2, 268
390
3.317
1, 135
2. 275
413
3, 330
1 209
2. 038
88. 26
88. 36
80. 98
88.86
88.97
81.67
90.90
91.02
82.54
90.08
90.18
82. 59
90. 42
90. 53
82.25
91.30
91.44
81.98
93. 15
93 32
81.98
93.25
93.40
82. 35
93.09
93 27
81.19
92 82
9? 99
81 48
91.70
91 87
80.64
93. 21
93 38
82.12
92. 96
93 10
82. 01
92.0
98.3
81.81
92.8
100. 4
83.60
93.9
101. 9
85.32
94.2
102.3
84.24
94.1
102. 1
84.39
94.2
103.1
86.50
94.8
103.9
88.12
96.4
106. 7
88.93
96.7
106.7
88. 57
96.0
105.8
87. 50
95.5
107.7
87.23
95. 1
107. 9
87.84
95. 6
108. 1
87. 70
148, 246
146, 910
133, 529
135, 138
157,591
158,056
138, 221
131, 152
139,696
133, 902
156, 527
150, 183
115,992 r 133, 723 107, 194
121, 746 ' 134, 806 109, 017
117, 722
118,667
115.575
122, 200
142,969
152 457
151,316
159 281
144, 924
143, 885
131, 601
133, 179
155,685
156,053
136, 699
129, 427
137,916
132, 101
153,990
147, 589
114,373
119,997
130, 349
132, 295
104, 218
106, 038
115,822
116. 622
113,600
120 176
140,639
150 051
148 724
156 486
116,340
0
116,340
110, 125
6, 215
116, 392
2
116,390
110, 029
6,361
132, 040
0
132,040
125,256
6,784
110,727
3
110,724
104,813
5,911
114,871
0
114, 871
109, 044
5, 827
120, 465
0
120, 465
115,173
5,292
93, 696
0
93. 696
87, 282
6.414
109, 148
0
109, 148
102, 913
6. 235
93, 925
0
93, 925
88, 783
5, 142
99, 342
109, 300
0
99, 342
92, 887
6,455
0
109.300
101.281
8.019
130,176
0
130,176
122, 924
7, 252
144, 698
0
144. 698
138 053
6, 64.5
106, 287
103, 596
1,610
107 041
104, 346
1,621
109, 655
106,814
1,634
109,007
106,176
1,626
109,395
106, 576
1,612
106, 876
104, 039
1, 622
108, 994
106, 149
1,602
110,058
107, 192
1,608
110, 100
107, 273
1,585
109, 859
107,004
1,613
106, 289
103, 465
1,596
108,257
105, 423
1, 599
107, 9S1
105,132
1 001
120, 431
do
117,237
do
_ _ - d o _ ...
1,988
120 460
117, 277
1,985
120 627
117,350
1,980
121 007
117,740
1,969
120, 979
117,719
1,960
117,060
113,780
1,979
117,004
113,748
1,955
118 018
114 763
1,953
118 271
115 015
1,952
118 357
115 074
1,980
11.5 909
112 625
1, 979
116 147
112 895
1,947
1 10 163
112 920
1 , 938
_
311
340
°6
692
549
144
g
46
0(19
27
' 334
'
01 1
401
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
Bonds
Prices:
Average price of all listed bonds (N.Y.S.E.),
totals
_
dollars
Domestic
do
Foreign
_ ...
do
Standard & Poor's Corporation:
Industrial, utility, and railroad (Al+issues):
Composite (21 bonds) c?
dol. per $100 bond..
Domestic municipal (1,5 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 _ . _ _
_ _ _
d o
Foreign
do
Value, issues listed on N.Y.S.E., end of mo.:
Market value, total, all issues§_
mil. of dol
Domestic
do
Foreign
__ _.
do
Face value total all issues§
Domestic
Foreign
-
r
96. 3
1 09. 7
88.74
Revised.
OSee corresponding note on p. S-18.
tRe visions for January-March 1959 will be shown later.
9 Includes data not shown separately.
§Data include bonds of the International Bank for Reconstruction and Development not shown separately; these bonds are included in computing the average price of all listed bonds.
cf Number of bonds represent number currently used; the change in the number does not affect the continuity of series.
^Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.
March 19f>l
SUEVEY OF CUKEENT BUSINESS
S-20
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1960
January
February
March
April
May
June
1961
July
Decem- JanuAugust SeptemOctober November
ary
ber
ber
February
FINANCE—Continued
SECURITY MARKETS— Continued
Bonds— Continued
Yields:
Domestic corporate ( Moody's)
percent
By ratings:
Aaa
do
Aa
do
A
do
Baa
do
By groups:
Industrial
do
Public utility
..
do
Railroad
do
Domestic municipal:
Bond Buver (20 bonds)
do
Standard & Poor's Corp. (15 bonds) _
do
U S Treasury bonds, taxable§
- - __ _do._
4.91
4.88
4.81
4 76
4.80
4.78
4.74
4.61
4 58
4.63
4.64
4.66
4 65
4.59
4.61
4.77
4.93
5.34
4.56
4.71
4.92
5 34
4.49
4.62
4.86
5 25
4 45
4 58
4.79
5 20
4.46
4.61
4.84
5 28
4.45
4.60
4.81
5 26
4 41
4.56
4.77
5 22
4.28
4.44
4.65
5 08
4 25
4.41
4.63
5 01
4.30
4.44
4.67
5 11
4.31
4.47
4.69
5 08
4.35
4.50
4.71
5 10
4 32
4.48
4.69
5 10
4.27
4.40
4.63
5 07
4.74
4.92
5.08
4.71
4.89
5.05
4.64
4.79
4.99
4 61
4.70
4 97
4.65
4.76
4.98
4.64
4.75
4.94
4.61
4.71
4.90
4.49
4.53
4.82
4.46
4.48
4.78
4.50
4.56
4.84
4.51
4.56
4.85
4.55
4.58
4.87
4.52
4.57
4.86
4.46
4.51
4.82
3.68
4.13
4.37
3.65
3.97
4.22
3.50
3.87
4.08
3 61
3.84
4.17
3.61
3.85
4.16
3.53
3.78
3.99
3.47
3.72
3.86
3.33
3.53
3.79
3.51
3.53
3.82
3.42
3.59
3.91
3.43
3.46
3.93
3.38
3.45
3.88
3 38
3.44
3.89
3.33
3.33
3.81
Stocks
Cash dividend payments publicly reported: t
Total dividend payments. . _ mil. of dol. _
Finance
Manufacturing
Mining
Public utilities:
Communications
Electric and gas
Railroad
Trade
_
Miscellaneous
--
-
986.7
457.5
1,931.7
896. 8
355.0
1,948.3
896.7
371.5
1,965.5
921.5
387.6
2, 456. 3
1,003.2
468.1
do
__ do
do
252. 8
293.3
11.0
168.9
132.7
3.3
157. 3
1, 259. 3
107.3
177.9
310.0
10. 5
78.9
134. 5
3.8
153.3
1,261.4
109.3
184.6
310.9
9.0
78.7
137.1
3.0
169. 5
1, 264. 9
106.6
175.6
330.1
10.9
104.5
136.0
2.9
345. 9
1, 476. 4
171.8
255. 2
298.7
11.2
161.2
135.8
2.9
do
do
do
do
do
201.7
109.1
32.7
74.0
12.1
1.8
102.2
4.4
37.1
7.1
88.6
175. 4
60.1
52.3
31.4
200.8
111.4
20.6
55. 5
10. 1
2.6
103.2
1.0
23.7
7.3
89.7
178.6
65.5
56.7
33.8
201.7
106.1
18.0
56.3
10.1
1.8
112.2
4.2
25.0
9.5
94.6
180.3
62.3
56.5
30.8
202.3
113.1
20.0
57.8
11.7
2.1
109.6
1.4
23.0
8.1
93.1
186.6
79.7
63.3
39.5
209.0
114. 6
34.6
68.1
11.8
1.7
111.9
4.1
42.8
7.7
5.58
6.04
2.67
3.53
3.96
4.40
5.57
6.03
2.67
3.53
3.90
4.40
5.58
6.03
2.67
3.53
3.96
4.63
5.59
6.05
2.67
3.56
3.96
4.63
5.59
6.05
2.67
3.56
3.96
4.63
5.59
6.06
2.67
3.56
3.96
4.81
5.59
6.05
2.68
3. 56
3.96
4.81
5.58
6.03
2.68
3.56
3.96
4.85
5.57
6.02
2.69
3.56
3.96
4.85
5.58
6.04
2.69
3.47
3.96
4.85
5.57
6.00
2.71
3.46
4.00
5.01
5.64
6.01
2.74
3.44
4.09
5.08
5.64
6.01
2.74
3.41
4.20
5.08
5.65
6.01
2.75
3.41
4.20
5.19
156. 61
178. 05
64. 67
67. 98
157. 86
177. 30
66. 13
67.05
155. 24
174.01
66. 66
64.15
152.00
169.82
67. 30
62.49
155. 49
174.47
67.31
62.49
158. 87
178.62
71. 51
64. 20
155. 33
173. 55
71.12
61.95
159.22
176. 68
73. 59
62.28
149. 53
165. 61
70. 25
57. 56
149. 30
164. 91
70.27
57.68
154. 57
169. 92
72. 24
60.39
161.55
175. 22
76.82
61.28
171.83
186. 00
80.47
66. 00
175.72
190. 56
82.66
68.37
3. 56
3.39
4.13
5.19
3.68
2.86
3.53
3.40
4.04
5.26
3.84
2.76
3.59
3.47
4.01
5.50
3.85
2.87
3.68
3. 56
3.97
5.70
3.92
2.93
3.60
3.47
3.97
5.70
3.87
2.97
3.52
3.39
3.73
5. 55
3.98
2.98
3.60
3.49
3.77
5.75
4.04
2.93
3.50
3.41
3.64
5.72
4.00
2.87
3.73
3.64
3.83
6. 18
4.02
3.08
3.74
3.66
3.83
6.02
4.02
3.07
3.60
3.53
3.75
5. 73
3.93
2.97
3.49
3.43
3.57
5.61
3.92
2.76
3.28
3.23
3.40
5.17
3.78
2.51
3.22
3.15
3.33
4.99
3.51
2.50
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 utilitv (24 stocks)
do
Railroid. (25 stocks)
do
Dividend yields, preferred stocks, 14 high-grade
(Standard & Poor's Corp.)
percent-Prices:
Dow-Jones averages (65 stocks)
Industrial (30 stocks)
Public utility (15 stocks)
_
Railroad (20 stocks)
Standard & Poor's Corporation:^
Industrial, public utility, and railroad:
Combined index (500 stocks)
1941-43=10Industrial total (425 stocks) 9
Capital goods (127 stocks)
Consumers' goods (193 stocks)
Public utility (50 stocks)
.
Railroad (25 stocks)
Banks:
N Y City (11 stocks) - _
Outside N Y City (16 stocks)
Fire insurance (15 stocks)
_
do
. do ..
do
do
do
do
do
.do. _.
Number of shares listed
r
millions
4.82
4.76
4.71
4.75
4.74
4.70
4.61
4.69
4.75
4.78
4.84
4.73
4.68
214. 81
655. 39
86.78
156.15
206. 74
624. 88
85. 87
150. 73
203. 52
614.70
87.36
144.17
205.04
619. 98
89.10
142. 97
203. 39
615. 64
88.91
140. 60
210. 96
644. 38
91. 54
143. 04
206. 96
625. 83
93. 59
138. 36
206. 82
624. 47
94.46
137. 39
199. 78
598. 10
94.37
130. 98
194. 49
582. 45
92.86
125. 80
199. 54
601. 14
94.14
128. 62
202. 81
609. 54
97.74
128. 29
212. 98
632. 20
102. 79
139.44
219.89
650. 01
107. 70
143.12
58.03
55. 78
55.02
55.73
55.22
57.26
55. 84
56.51
54. 81
53.73
55.47
56.80
59.72
62.17
62. 27
65. 01
49.00
44. 50
33. 68
59. 60
61. 43
46. 51
44.38
32. 54
58.71
60. 28
46.14
44. 60
31.01
59.46
60.31
46. 75
45.53
30.59
58. 84
59. 81
46. 64
45. 75
30.18
61. 06
62. 09
48. 65
47.35
30.81
59. 25
59. 58
47.58
48.02
30.19
59. 96
59. 76
48. 16
48. 65
30.19
57.96
56.77
46. 51
48.64
28.76
56.90
55. 25
45.68
47.34
27.77
58.89
57.42
46.96
47.83
28.93
60. 22
59.11
47. 98
49.78
29.03
63. 20
61.46
48. 90
52. 73
31.43
65.71
63. 71
50. 85
55.64
32.17
28.80
56. 47
33.66
26. 80
53 94
33.23
26.87
52.78
33. 24
26. 36
52. 54
33.78
26. 06
51. 25
32.69
25. 70
50. 94
33.81
25.71
52.09
34.24
25. 26
52. 64
34.81
25.63
52.89
33.87
25.43
52.32
33.01
25.58
53.91
33.75
26.60
55.37
37.02
27.78
57. 12
38.97
29.60
59.48
42. 34
3,616
103, 097
3,950
121,791
3,495
100, 674
3, 938
117, 547
4,780
143, 470
3,445
105, 352
3, 751
116, 064
3,450
109, 989
3,192
101, 085
3,295
104, 671
4,139
135, 728
4,947
162, 841
3,068
72, 566
3,356
85, 102
2,939
70, 285
3,291
82, 391
3,967
97, 625
2,862
71, 877
3, 119
80, 851
2,867
74, 704
2,700
70, 210
2,785
72, 365
3,487
94, 756
4,176
115,003
60, 533
65, 715
57, 291
68, 827
76, 533
53, 870
65, 350
60, 854
54, 431
62,002
77,355
89, 108
291 191
6,002
287 416
6,050
283 381
6,074
291, 688
6,181
298, 143
6,274
292, 392
6,306
300,901
6,341
283, 318
6,370
281, 529
6,388
292, 991
6,398
306, 967
6,458
326, 598
6,478
287, 977
5,930
Revised.
» Preliminary.
§For bonds due or callable in 10 years or more.
^Revisions for 1957-1959 are shown on p. 36 of the July 1960 SURVEY.
9 Includes data not shown separately.
d"Number of stocks represents number currently used; the change in number does not affect continuity of the series.
9.65
4 11
6.36
4.87
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
4,167
Market value
mil of dol
Shares sold
.
thousands.- 129, 141
On New York Stock Exchange:
3,518
Market value
mil of dol
85, 579
Share^ sold
thousands
Exclusive of odd lot and stopped sales (N.Y.
Times)
thousands.. 63, 932
Shares listed, N.Y. Stock Exchange, end of mo.:
8.40
4.08
3.09
10.00
3 99
5.28
10 35
3 89
4 48
r
92, 804
SUEVEY OF CUREENT BUSINESS
March TOO!
S-21
1961
1960
Unless otherwise staled, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
January
February
March
April
May
June
DecemAugust SeptemOctober November
ber
ber
July
January
February
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
BALANCE OF PAYMENTS (QUARTERLY)©
Exports of goods and services, total
mil. of dol
Military transfers under grants net
do
Merchandise, adjusted, excluding military transactions t
mil of dol
Income on investments abroad
do
Other services and military transactions
do
6,734
425
7, 518
615
' 6, 928
'266
4 604
705
1,000
5,000
744
1,159
' 4, 675
'770
'1,217
5,132
1,039
1,101
Imports of goods and services total
5,761
3 820
249
764
928
6,049
3,858
233
736
1,222
' 6, 052
' 3, 554
'223
'804
' 1, 471
5,441
3,485
218
730
1,008
do
Income on foreign investments in U S
Military expenditures
do
do
Balance on goods and services
do
+973
+1, 469
'+876
Unilateral transfers (net) total
Private
do
do
-1,000
142
—858
-1,239
-163
-1,076
' 871
' -147
' -724
— 768
-546
-222
-1,064
-683
-381
+885
+94
— 145
U S long- and short -term capital (net) total
Private
Government
__
__ -_ _Foreign long- and short-term capital (net)
Gold sales [purchases (—)]
Errors and omissions _ __
FOREIGN TRADE
Indexes
Exports of U.S. merchandise:©
Quantity
Value
Unit value
Imports for consumption:©
Quantity
Value
Unit value
Agricultural products, quantity:
Exports, U.S. merchandise, total:
Unadjusted
Seasonal] y adjusted
do
do
do_ _
-do
do_ __
do. _.
'336
'739
220
'334
' 733
219
'322
706
219
312
690
221
' 296
'653
221
296
654
221
323
710
220
333
731
220
^331
?729
*>220
277
'229
••629
275
241
'668
277
'221
'610
276
221
'612
277
'227
'629
276
201
'556
277
220
'608
276
204
565
277
205
564
276
209
573
'274
*>206
P5G1
*>272
211
196
260
197
189
202
190
176
207
195
201
205
180
193
171
178
201
162
176
227
504
152
191
69
165
178
91
199
181
152
238
200
222
246
199
219
84
74
96
62
113
106
111
103
116
101
112
94
105
91
100
85
110
116
106
124
111
114
107
120
97
108
106
109
112
122
113
129
101
111
99
121
96
110
91
125
97
112
120
108
99
90
113
80
7,034
12, 805
7.282
14, 594
7,618
14, 472
9,192
14, 809
9,460
15, 424
9,768
17,353
9, 575
14, 405
10, 934
17, 128
206
'T 569
1952-54—100
do
Northern North America
__
Southern North America
South America
By leading countries: A
Africa:
United Arab Republic (Egypt Region)
Union of South Africa
Asia and Oceania:
Australia, including New Guinea.
Colony o f Singapore _ _ _ _ _
India and Pakistan
do
do
do- do
do
r
r
T
-1, 752
-1,393
-359
+279
+921
323
' 710
220
288
633
220
do
do
do
Complementary imports seas adj
do
Shipping Weight
Water-borne trade:
Exports incl reexports!
thous of long tons
General imports
do
Value©
Exports (rndse.) , including reexports, tot all
mil of dol
By geographic regions:A
Africa
do
Asia and Oceania
do
Europe
do
' 1, 044
' -900
-144
' +546
+637
' —144
290
639
221
1936-38—100
do
do
Imports for consumption, total:
Unadjusted
Seasonally adjusted
Japan
Republic of Indonesia
Republic of the Philippines
Europe:
France
East Germany
West Germany
+751
+50
—6
-164
1,561. 2
'52.4
r
311.3
r
498. 3
r
1,575.5 '•1,748.8 '1,817.8
57.8
'327
3
T
470. 2
' 283. 2 295. 4
133.4
132.2
r
159. 4 ' 158. 8
r
1,803. 8 ' 1, 737. 4 '1,698.8
'64.9
363. 9
'491.1
72.5
63.1
60.1
65.0
' 349. 9 ' 330. 8 ' 323. 7 ' 346. 4
' 522. 9 ' 507. 2 ' 532. 5 ' 534. 1
337.2
151.0
' 165. 2
' 351. 2 ' 348. 0
151.3 '140.1
184. 3
' 180. 5
r
330. 3
146. 0
'180.3
283.2
' 139. 4
181.7
r
2
2
10, 122
14, 774
1,609 4
1,610.1
1, 743. 9
'69.6
312. 6
522.5
54.5
' 300. 8
551.7
67.3
' 334. 1
572.2
288.7
132. 3
161.5
' 288. 2 ' 310. 7
138.8
' 132. 6
200.1
164. 1
r
1 796 7 1,796.6
65.0
372 4
612.0
68.4
420.2
611.1
313. 3
128 0
170.9
269. 8
133.5
180.9
do
do
12.5
16.7
10.3
23.3
14.1
' 22. 5
15.9
'26.8
9.1
25.3
7.6
23.5
6.9
'31.3
11.1
'27.5
9.0
19.8
15.8
22.2
21 6
17.5
16.3
20.7
do
do
do
19.9
2.2
47.4
26.6
2.8
61.3
'23.9
3.1
78.8
27.7
3.6
'81.3
30.9
3.2
69.8
31.7
3.9
'63.1
41.6
3.8
66.1
37.4
4.0
61.3
35.0
3.5
52.9
38.4
3.5
68.9
41.4
4.0
72.1
32.9
107.5
8.8
22. 9
'115.6
9.6
28.1
' 109. 9 ' 104. 3
• 4.3
6.4
26.2
22.7
'101.2
4.0
22.0
'120.4
5.7
25.3
93.5
5.1
21 6
' 98 2
5.2
21.9
99.6
5.6
24.3
115.9
9.5
25 2
156.0
46.8
do- -do
do
106.4
12.3
23.1
r
r
do
do- -do
'50.2
.2
'95.8
0)
84.2
53.1
.3
' 91. 7
48.7
0
'94.2
'47.2
.4
96.7
'86.1
49.3
1.8
'82.7
57.3
.3
80.4
48.6
.1
81.9
44.3
.2
87.5
46.0
.1
93.8
Italy
Union of Soviet Socialist Republics
United Kingdom
North and South America:
Canada
_ _
_
do
do
do
'44.3
1.2
100.7
50.3
4.6
94.7
'47.7
.4
93.5
55.4
2.1
'94.9
53.7
1.9
' 133. 3
' 55. 4
4.4
114.8
60.4
1.9
117.0
'50.0
5.9
99.6
54.5
3.2
152.3
52.0
4.3
145.9
52.3
4.4
127.9
do
' 283. 2
329.8
Latin American Republics, total 9
do
r
Argentina
Brazil
Chile
..
.
do
do
~do
270. 0
r
24.7
27. 5
16.2
41.3
295.4
337.1
' 351. 2
' 348. 0
'268.9
'290.3
' 306. 6
' 301. 2
26.7
19.9
15.1
22.9
29.6
12.9
24.5
• 30. 7
16.7
25.9
40.0
16.6
r
3.7
85.4
6.8
31.4
43.2
0)
92.0
66.4
4.0
132.3
283. 2
288.7
'288.2
310.7
313.2
269.8
' 302. 6 ' 296. 2
271.5
273.1
312.9
272.5
289.0
30.8
42.1
17.6
28.7
38.0
12.9
34.3
35.2
15.0
37.7
33.9
21.0
30.1
37.3
18.0
32.1
43.8
16.7
'30.6
'48.0
16.2
1 646 7
21 8
23.7
20.8
21.2
20.6
22.7
20.8
19.4
19.2
20.0
17.3
18.0
Colombia
_ _
_
do. 5.2
26.1
'22.2
3.9
23.8
21.5
25.7
21.7
19.5
18.1
17.8
17.1
Cuba
__
_ _ do
59.2
60.6
71 2
68.5
66 8
74.4
63 3
65.5
66 6
68.1
75.8
67.0
Mexico
do
52.2
50.2
50.4
42.4
'36.8
40.9
37.9
52.9
62.6
Venezuela
do.- 43.9
40.9
39.1
l
2
'Revised.
» Preliminary.
Less than $50,000.
Revisions for September 1959 (units as above): Exports, 8,294; imports, 15,702.
0 Revisions for 1958-lst quarter 1959 appear on p. 14ff. of the June 1960 SURVEY.
^Adjusted for balance-of-payments purposes, mainly for valuation, coverage, and timing. cfExcludes military expenditures.
©Revisions for 1958 and 1959 will be shown later.
§Excludes "special category" shipments and all commodities exported under foreign-aid programs as Department of Defense controlled cargo.
fData include shipments (military and economic aid) under the Mutual Security Program. Total MSP military shipments (including, since early 1956, also "consumables and construction" shipments) are as follows (mil. dol): January 1960-January 1961, respectively—77.7; 78.9; 117.2; 114.7; 94.0; 100.0; 70.2; 62.6; 53.5; 53.9; 73.1; 53.3; 107.9.
AExcludes * 'special category" shipments.
? Includes countries not shown separately.
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1003
1960
January
February
March
April
May
June
1961
July
August
SeptemNovem- DecemOctober
ber
ber
ber
Jan iiar y
Februuary
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
ValueO — Continued
Exports of U.S. merchandise, totalf
mil. ofdoL. '1,543.2 -1.558.4 1 . 730. 6 n . soo. 8 1.787.9 '1,721.0
By economic classes:
201.2
' 189.1 ' 195. 1
' 242. (\
208, 2
'191.8
Crude materials
do
r 19,9 9
128.6
130. 7
' 148. 0 ' 149. 1 ' 130. 1
Crude foodstuffs
do
r
93. 1
' 82. 7
93.0
93. 3
'81.1
90. 5
Manufactured foodstuffs and beverages
do
'•281.0
' 240. 2 '251.2
' 304. 0 ' 310. 6 ' 333. 2
Semimanufactures 9
do
T
855, 5
' 875. 1 1.020.8 1 , 066. 6 1.052.0
' 975. 5
Finished manufactures 9 _-do
By principal commodities:
' 412. 6
' 388. 1 ' 388. 5 ' 382. 6 ' 366. 5
399.1
A-gricultural products totaled
do
Cotton unmanufactured
Fruits vegetables and preparations
Grains and preparations
Packinghouse products
Tobacco and manufactures A. ^NTonagricuItural products, totalcf
-
Chemicals and related products§
Coal and related fuels
Iron and steel products©
IVIachinery total §cf
Agricultural
Tractors, parts, and accessories.
Electrical iV
Metalwork ng§
Other industrial
Petroleum and products
Textiles and manufactures
General imports total
.By geographic regions :
\frica
Asia and Oceania
Europe
.
Southern North America. _
South America
P>v load ins; countries:
Africa:
United Arab Republic (Egypt Region)
Union of South Africa
Asia and Oceania: _
O f
f cj'n ronn 7»
~"
India and Pakistan
Japan
_ _
Republic of Indonesia
_
tin Am rican R
Argentina
Brazil
Chile..-.
Colombia
Cuba
M^exico
431.9
495. 8
504.2
423.2
26. 3
38. 8
141. 5
25.4
74.7
59.4
39.4
143.3
28.9
74.8
98.4
27.3
154.4
25 6
72.3
134.7
31.3
156. 3
?7 3
43.1
130. 4
17. 6
138.2
24.0
24.8
1,130.6 '1,159.3 '1,342.6
1.412.3 ' 1 , 405. 3 '1,354.5
1,323.6
1 . 264. 3
112.5
' 122. 1
'• 132. 6
121. 1
21.8
22. 5
' 50. 7
55. 0
'25. 4
23,9
125.1
' 144. 9
1, 273. 5
1,195.5
119.4
132. 9
29.4
71.9
105 7
140. 1
23.4
62.1
93. 3
121.3
19.5
53. 4
' 332. 3
349. 5
' 356. 7
' 372. 5
331.3
367. 7
377.0
382.1
73. 5
26.9
161. 4
16,2
35. 6
89. 6
'• 33. 0
' 178. 4
14. 6
31.2
75. 7
29 9
183.6
11.9
30. 1
' 89. 4
32, 0
' 188. 1
11.4
29. 7
78. 5
27. 9
165. 5
8.3
29.8
' 80. 2
25. 2
168. 3
9.4
32.2
85. 7
29.5
185. 7
8.8
28.4
94. 6
37. 3
183. 4
8.9
30. 6
82. 6
46. 5
184.8
35. 0
58. 4
40. 5
61.5
44. 9
64. 4
47.1
56. 0
40. 6
60. 6
• 37. 7
50. 7
39.2
52. 5
39,0
01. 6
37.5
57.4
37.8
34. 9
56. 3
1,123.6
' 359. 1
47. 9
'r 289. 1
405. I*
,'S 4
r
257. 4
••-!3->. f>
••117! 9
' 160. 9
' 234. 8
' 1 5S. 2
' 203. 3
' 2.15. 9
i 58. 7
-•211.9
do
do
do
do
do
1,287.0
108.5
' 144. 9
36. 1
73.7
' 373. 0
r
•1,142.8 '1,289.1 '1,377.8
do
do
do _
1,297. 5
78. 1
141.8
34.0
70. 1
18. 1
36.9
87.8
29.2
192.6
37.8
5-1.8
40. 5
r
l,261.8
1,306.8 '1,149.7
1, 229. 4 '1,160.1
1. 157. 2
1, 160. 8
1,157.1
45. 5
' 207. 3
'381.7
51.4
' 245. 9
' 368. 0
' 46. 8
44. 5
' 273. 8 ' 259. 8
' 356. 0
308. 3
39. 9
' 291 . 0
' 307. 1
' 43. 6
' 237. 4
' 323. 1
36, 5
907 9
340^4
36.1
338 ! 2
42.8
227.2
343.4
'r U(). 1
201.0
' 254, 2
' 1 56. 2
'• 186.0
' 268. 9
' 131. 1
' 230. 2
' 261. 4
' 106. 9
' 223. 0
' 238. 5
' 109. 5
' 208. 0
240.9
93. 2
219.0
249.1
106. 4
210.5
2°3 °
122. 9
197. 5
1 5
9.1
7
8.2
.5
6.6
14
8.0
9.8
1.2
22. 5
96.7
17.3
19.5
8.6
1.1
19. 5
95.3
15.7
19.9
5.5
.9
20.4
91.5
15.0
20.3
11.7
1.7
20.7
83.3
22. 1
20. 0
22.8
.3
71.3
28.6
1.3
73.8
28.6
.2
75.1
35. 9
1.8
72.8
31.1
27. 1
.3
78.8
32.7
2.8
68.8
1.201.3
2.6
9.5
5. 0
12.6
3.4
8. 5
4.4
9. 7
' 13. 8
1.4
20. 1
' 93. 9
21.6
'23.2
' 16. 0
1.7
11. 1
1.1
23.4
98. 8
14.5
27. 0
' 14.6
2.0
21.7
100. 2
'16. 3
' 26. 6
7. 0
1.7
22. 3
96. 0
1 7. 5
' 23. 6
9.1
4. 1
23.2
103.
6
r
22. 8
29.4
' 33. 9
.2
70^2
28.8
.9
<• 86. 8
43.2
.3
'88.3
35.4
3.3
'92.6
46. 8
38.0
9o!e
40.0
1.9
107.8
'77^3
36. 3
2.2
' 88. 6
35.1
.2
72.9
27.3
1.2
' 94. 3
29.4
.3
71.1
33.2
2.8
93.8
.7
f 12. 6
1, 225. 1
82.4
' 140 8
37.5
' 92. 3
384. 8
do
do
~d ~
121.7
108.7
87.0
142. 5
' 145. 2
'142.8
32. 6
31.7
' 36. 6
' 84, 4 ' 96. 8
83.1
15.0
34. 2
87.2
' 26. 1
1 88, 6
12.6
do
do .-.
16. r>
67! 0
9.8
32.7
73.9
24. 5
156. 7
' 41.5
r
240. 1
69. 6
'32.2
' 146. 2
24. 2
26. 3
87. 3
29.2
' 1 55. 0
27. 6
369. 8
do
.do
do
do
do
Imports for consumption total
do
By economic classes:
Crude materials
do
Crude foodstuffs
do
Manufactured foodstuffs and beverages
do
Semimanufactures
do _ _ .
Finished manufactures
„
_do
By principal commodities:
Agricultural products, totalcTdo
Cocoa (cacao) beans incl shells
do
Coffee
do
Rubber crude including guayule
do
Sugar
do
Wool and mohair unmanufactured
do
Nonagricultural products, totald"
do
Furs and manufactures
do
Iron and steel products©*
do
Nonferrous ores, metals, and mfs., totalcf--do
Copper, incl. ore and manufactures
do
Tin including ore
do
Paper base stocks
do
Newsprint
do
Petroleum and products
do
100. 3
'28.4
137.0
24.4
28. 1
121.5
' 150. 5
33.3
71. 6
330.2
do
do
..do
do
do
do
236. 3
132. 6
89. 0
9,58 2
902. 6
369. 4
106. 6
29.7
136.6
22.9
28.6
315.5
ublics
287. 0
144.1
106. 2
292. 7
947. 6
15. 9
31. 0
115.6
24. 4
36. 6
Europe:
East Germany
West Germany
Italy
Union of Soviet Socialist Republics
United Kingdom
North and South America:
283.2
146. 9
99.9
286.0
966.9
327. 1
137. 5
32. 7
do
do
do
1,618.7
239. 3
143.8
102.3
285. 2
958.9
' 86. 4
31.4
' 120. 2
22. 7
22.3
do
do
do
do
1.777. 7
' 188 5
145.7
96 8
287. 8
' 875, 8
1,594.6
' 358. 4
r 121.1
do
1,782.8
163. 7
123. 7
94.5
' 337. 1
' 872. 5
65. 4
37.3
' 123. 0
22.5
30. 8
do
do
do
do
do
do
do
___do
1, 729. 4
' 196. 5
' 126. 5
83.3
313.5
' 962. 3
1,682.0 '1,591.4
83. 0
15.8
24.8
3.7
9.4
' 234. 1
123.9
' 179. 1
6. 0
5.6
1.7
8.0
18.9
16.7
.9
1.2
19.6
25. 2
' 96. 5 ' 110.0
' 23. 2
' 14.2
35.2
36.9
30.7
.4
68.2
26. 6
2.2
66.6
'29.3
.3
63.6
34.4
1.8
69.1
69. 5
34.0
.6
77. 7
in.o
2S. 9 !
82.3 !
!«)(>. 4
* 217. 1
' 234. 7
' 255. 8
' 225. 2
' 254. 2
' 268. 8
' 233. 9
' 260. 9
' 238. 3
240.7
248.9
223.2
f
r
' 335. 7
' 307. 2
' 308. 2
' 329. 8
' 267. 4
' 290. 9
' 280. 8
278.5
276.8
277.0
6.9
48.9
19.8
36.2
7.6
27.8
76.7
156. 9
5.7
45.0
9.1
35.3
6.2
31.3
81.9
1, 175. 9
7.1
42.6
9.5
24.7
2.9
39.1
83.9
1,151.0
1,111.7
253. 2
323. 1
8.6
11.5
9.3
9.0
8.4
47.7
'45.0
'61.0
'49.6
'47.7
13.8
19.8
'18.4
17.0
12.8
24.0
'26.0
18.8
' 20. 8
31.2
' 60. 1
51.6
48.2
r 26. 0
47. 7
40.8
40.1
45.4
38.8
'
52.
1
' 28. 1
'38.7
r
72.5
'84.9
' 90. 2
72. 5
' 78. 8 '84.4
'1,167.7 '1.290.1 '1,369.0 '1,250.4 '1,256.0 '1,289.2 '
7.0
27.7
' 18. 8
r
19.1
r
248. 4
r 111.9
'r 107. 5
289. 5
' 410. 4
r
272. 4
9.5
r57.3
'27.0
'33.8
18.3
' 895. 3
16.8
'70. 1
115.7
40.3
12.5
24.9
48.2
' 130. 6
7.6
8.3
9.1
54.4
57.5
'43.1
15.7
'24.5
13.5
23. 5
'17.9
22.1
7.9
46. 6
11.7
' 44. 3
'33.0
24.3
78.2
' 68. 5 '75.9
1, 139. 9 '1,246.4 '1,159.3 1,
' 291. 1
142.6
137.6
248.2
' 426. 9
' 243. 6
134.1
' 134. 5
' 234. 8
412.3
229.9
146. 1
122.4
233.3
425.2
219.2
141.0
139.4
245.6
430.7
231.8
149.2
115.5
242.6
411.8
235. 2
153.9
105.8
234.9
382.0
' 363. 6 ' 336. 5 ' 341. 9 ' 338. 5 ' 299. 4 ' 344. 6
343.1
16.7
11.6
13.5
10.7
12.6
'17.5
11.6
82.3
91.8
'75.0
'81.5
'72.0
' 95. 3
' 101. 8
30.4
26.8
32.7
26.8
'24.7
31.4
32.7
'48.4
39. 5
' 57. 9
49.9
50.0
42.4
50.2
17.3
17.2
13.8
15. 5
19.7
19.4
23.9
' 914. 1 ' 950. 7 ' 840. 5 ' 901. 8
' 947. 0 '1,005.5 '913.9
4.9
8.4
7.0
5.8
13.5
9.7
9.8
30.7
30.2
'42.8
38.8
52.0
'70.0
'69.1
'95.2
' 102. 1
' 96. 4 ' 100. 3
' 99. 5 '93.2
' 102. 8
35.3
37.7
29.6
31.4
' 37. 9
33.2
43.1
'11.9
13.2
7.3
9.6
10.4
'9.3
'8.8
29.6
25.0
33.1
29.3
25.0
27.0
30.1
61.6
' 59. 3 ' 53. 3
' 54. 5
61.0
53.6
58.1
'
125.
9
'
116.
5
'
138.
7
'
108.
8
'
133.
2
' 134. 1 ' 136. 7
' 310. 6
9.8
87.5
'25.2
'41.6
14.0
' 848. 7
4.7
35.1
'78.7
27.5
8.5
'29.0
54.6
' 122. 3
286. 3
8.4
93.8
19.6
24.8
13.9
870.6
5.2
'31.8
90.0
23.4
9.6
29. 1
59.8
119.0
292.3
8.9
83.0
20.4
39.7
12.1
883.7
6.2
30.7
87.5
29.1
6.7
31.2
65.2
135.7
295.4
12.2
82.7
24.1
28.7
11.9
855.6
17.2
28.5
86.9
33.2
9.4
23.1
59.3
141.6
297.6
18.4
86.6
19.9
23.7
16.7
814.1
12.9
23.3
75.9
26.8
6.4
25.0
53.8
152.0
' 248. 6
165.9
117.3
' 293. 1
465.1
'
'
'
'
'
264. 0
166. 4
132. 4
308. 5
497. 8
' 258. 6
' 140. 3
138.9
' 255. 1
' 457. 4
' 259. 4
155. 6
' 144.5
243.3
' 453. 1
281.8
' 147. 7
140.6
' 268. 9
' 450. 2
237.2
121.4
135.4
228.9
417.2
-
r
Revised.
©Revisions for 1958 and 1959 will be shown later.
1 See similar note on p. S-21.
9 Data for semimanufactures reported as "special cate-gory, type I" are included
with finished manufactures.
cf Includes data not shown separately.
AManufactures of tobacco are included in the nonagricultural products total.
§Excludes "special category, type
1" exports.
©Comprises pig iron, scrap, steel mill products, and certain other iron and steel products; excludes advanced manufactures. Revised exports and data for imports prior to
1958 will be shown later.
*Ne\v series; see note marked "©".
SURVEY OF CURRENT BUSINESS
March 1961
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-23
1961
1960
January
February
March
April
May
June
July
August
Septem- October Novem- December
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..
452.9
448.4
406 8
28.4
10 9
500 0
496.3
451 8
29.1
11 4
v 529 4
v 525. 6
v 478 8
P30.6
p 11 1
474.7
13 7
481.7
8 6
v 496. 7
v 10 9
d
62,564
27,274
9,741
3,732
2,416
58, 697
29, 814
9 729
3,440
2,136
62, 397
30, 937
11 047
3, 670
2,284
61, 874
30, 280
10 857
4,019
2,505
61, 498
30, 236
10 364
4,002
2,444
59, 825
30, 890
10, 512
4,183
2,720
63, 132
29, 109
10 030
4 013
2,706
64, 034
32, 474
10, 786
4,166
2,745
59, 057
35, 169
10 917
4,037
2, 547
59, 757
35, 994
11,257
3, 965
2,487
55, 199
32 691
11 043
3,518
2,129
56, 971
35 736
16 479
3 504
2,284
27, 508
7,970
29 691
9 930
32, 782
12 634
30, 815
11, 003
30, 308
10 737
30, 923
11 412
25, 233
5,766
31, 618
11, 731
31, 867
10, 675
31,300
10 621
30, 961
10 552
35, 458
12 111
18.6
18 6
18 7
18 8
18.8
18.8
112 7
123 8
121 9
118.9
115.0
Express Operations
Transportation revenues
Express privilege payments
thous. of dol
do
Local Transit Lines
Fares average cash rate©
Passengers carried, revenue©
Operating revenues©
cents
.millions..
mil. of dol
613
r 625
114. 4
680
652
647
620
18.9
18.9
554
584
18 9
19.0
19 1
19 1
108.1
113.3
110.4
122.2
121 1
125 6
610
634
624
19 3
649
614
Class I Motor Carriers (Intercity)
Carriers of property (quarterly totals):
Number of reporting carriers
Operating revenues total
Expenses total
Freight carried (revenue)
944
949
Carriers of passengers (quarterly totals):
Number o f reporting carriers
- _____
Operating revenues total
mil. of dol
Expenses total
do
Passengers carried (revenue)
millions
935
1, 193. 9
1, 153. 0
69.8
1 182 7
1,159 9
72.4
mil. of dol
do
mil. of tons..
1,207 4
1,161.3
68.9
140
139
140
115.8
99.7
57.5
92 3
90 9
51 4
140.9
110 6
61.9
Class I Railroads
Freight carloadings (A. A. R.):d*
Total cars
Coal
Coke
Forest products
thousands..
do
do
_ __do
2,386
461
48
157
do__ _
do
do
do
do
196
19
88
147
1,271
Freight carloadings, seas. adj. indexes (Fed. Res.):
Total
1935-39=100..
Coal .
_do_ .
Coke
do
Forest products _
__do_ _
Grain and grain products
Livestock
Ore
Merchandise, l.c 1
Miscellaneous.
_
Financial operations:
Operating revenues, total 9
Freight
Passenger. _
_
. _
.
357
29
180
420
22
160
2,274
408
20
152
3,189
546
30
193
2,203
388
23
135
2,401
1,922
382
21
129
1,955
376
21
134
344
16
329
167
234
16
239
140
1,154
198
26
202
133
329
50
233
179
255
26
90
129
1,136
1,629
232
20
59
138
1,156
1,296
211
15
44
109
1,011
222
11
48
118
1,025
97
66
78
120
99
86
72
123
97
89
68
118
104
90
79
118
99
83
76
115
96
82
65
113
99
82
65
121
96
76
64
113
149
31
163
22
113
169
31
150
22
110
150
30
139
22
108
135
39
120
21
106
188
47
97
22
113
186
36
97
21
109
142
30
137
19
107
156
28
162
19
108
160
25
172
19
106
829.5
705. 1
51.7
824.2
694.7
60.2
759.1
634. 1
60.6
809.0
679.4
60.5
754. 4
642.9
44.2
815.8
695.4
46.5
756.5
638.0
46.5
731.5
588.1
60.7
699.2
584.5
52.8
2,514
!53
2,300
427
47
155
3,088
530
50
200
2, 559
M22
46
r
185
14
85
149
194
17
79
153
238
21
226
189
175
20
289
146
1,237
1,228
1,635
1,308
1,232
1,425
119
95
143
141
113
87
137
129
110
87
146
126
111
88
126
130
109
90
107
124
102
83
89
121
do
_ _do __
do
do
do
137
35
310
24
131
133
32
297
24
127
150
38
252
24
121
150
34
185
24
125
141
39
185
23
123
mil. of dol
do
do
'r 789. 4
667. 8
55.1
774.2
658. 9
50.9
847.6
723 4
52.2
823.6
698.1
51.0
_
Grain and grain products
Livestock. _
Ore
Merchandise, l.c.l
Miscellaneous
r
2, 292
430
33
157
451
28
156
203
15
290
138
2, 847
2, 385
477
26
152
Operating expenses
do
Tax accruals, joint facility and equipment rents
mil of dol
Net railway operating income
do
Net income (after taxes)
do
633.9
620.7
658. 6
634.1
648.3
644.0
628. 7
646. 9
608.3
624.8
603.4
613.6
111.8
' 43. 5
30.4
111 3
42.2
24 6
127.8
61.2
44.2
124.4
65.1
48.2
120. 0
61.3
47.3
123.1
57.0
43. 1
106 4
24.0
9.6
117.7
44.4
29.9
111.6
34.5
25.9
121.2
69.8
54.8
106.1
47.0
33.9
83.6
34.3
Operating results:
Freight carried 1 mile
mil of ton-miles
Revenue per ton-mile
cents
Passengers carried 1 mile (revenue)
millions
50, 265
1.384
1 824
46 732
1.435
1,628
51, 597
1.441
1,654
51,357
1.398
1,675
52, 664
1.386
1,691
49, 687
1.422
2,054
46, 752
1.415
2,207
49, 219
1.404
2,132
48, 566
1.369
1,480
51, 923
1.367
1,505
46, 204
1.420
1,452
42, 835
11,712
9,874
1,837
12,320
10, 337
1,983
12, 067
9,967
2,100
13, 865
11,512
2 353
15, 198
12, 309
2,889
14, 960
12, 068
2,892
15, 104
12, 009
3,094
15, 095
12, 152
2,943
14, 716
11, 900
2,816
14, 876
11, 854
3,022
13, 573
10, 788
2,785
13, 177
10, 612
2,565
4 871
5 159
1 063
5,609
1,256
4,988
1, 080
5 595
1,420
5,193
1, 268
5 583
1,097
5,361
4,843
981
5,065
1,024
5,161
5 046
d
4-1
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
873
d
' Revised.
P Preliminary.
Deficit.
§ Data beginning 1959 include operations intra-Alaska and intra-Hawaii, not included in earlier figures.
9 Includes data not shown separately.
©Revisions for 1958-October 1959 are available upon request.
cf Data for April, July, October, and December 1960 cover 5 weeks; other months, 4 weeks.
933
997
970
5 072
875
SUEVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
March 1961
1961
1960
January
February
March
April
May
June
July
DecemOctober NovemAugust September
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 indext
same month 1951= 100. .
Foreign travel:
U S citizens* Arrivals
thousands
Departures
do
Aliens* Arrivals
do
Departures
do
Passports issued and renewed, _
do
National parks visits §
do
Pullman Co.:
Revenue passenger-miles
- - millions
Passenger revenues
thous. of dol
8.82
66
8.90
68
8.61
68
9.38
67
116
118
124
115
127
131
144
147
136
82
62
56
561
342
146
78
62
72
574
312
146
90
73
100
608
317
171
99
79
119
1,131
284
8.73
69
125
9.26
67
117
158
178
178
111
91
259
110
111
114
1,805
251
98
3,748
299
8.67
57
113
222
256
123
110
9.60
65
112
9.47
67
114
10.04
72
114
9.62
63
107
283
192
139
100
64
220
147
146
106
49
163
136
125
98
40
1,778
132
8.72
50
110
8.91
63
111
9.08
64
113
35
508
56
516
64
102
69
6,434
5,996
2,574
301
281
4,416
3,237
3,853
3,507
5,060
704.0
396.3
238.5
424.9
711.0
251.4
121.0
64.0
118.2
64.3
402.3
239.8
424.3
707.2
402.4
235.4
424.4
723.0
405.7
247.5
446.6
5,525
5,052
5,130
4,581
4,011
4,745
4,734
667.1
381.0
221.3
395.9
111.3
62.2
665.2
381.8
218.2
398.1
109.6
62.5
692.8
387.8
239.9
422.8
110.9
62.8
688.9
389.2
233.9
408.2
117.0
63.1
696.6
390.8
239.3
416.9
116.5
63.4
700.1
392. 8
240.1
420.5
116.6
63.5
689.1
388.1
232.7
410.4
116.6
63.8
20, 356
18, 518
579
20, 526
18, 082
1,260
22, 354
19, 146
1,984
21, 356
18, 543
1,619
21, 825
18, 975
1,643
22,626
19, 798
1,647
20, 517
20, 159
<*758
22, 667
20, 050
1,533
2,976
2,478
3,001
2,412
3,346
2,534
2,970
2,513
3,122
2,612
3,000
2,557
2,878
2,977
2,527
207
242
37
886
214
307
COMMUNICATIONS
Telephone carriers:
Operating revenues $
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
ODerating expenses incl depreciation
do
Net operating revenues
do
135
230
452
4,148
3,177
4,243
3,205
822
887
157
189
4,365
3,394
4,007
3,142
4,200
3,282
823
706
760
155
2,301
258
4, 227
3.425
3,936
3,338
637
454
712.8
393.3
426.6
122.5
64.6
120.5
64.7
118.1
65.0
20,282
1,741
22, 424
19, 957
1,610
21, 735
19, 794
1,120
22, 939
20, 640
1,621
2,955
2,919
2,920
2,426
3,105
23, 042
153
2,513
159
2,480
4,193
3,394
4,328
3,348
4,245
657
838
141
3,318
802
2,282
478
190
4,655
4,145
3,313
744
3, 530
864
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production: J
Acetylene
mil. of c u . f t _ _
Ammonia, synthetic anhydrous (commercial)
thous of short tons
Calcium carbide (commercial)
do
Carbon dioxide liquid, gas, and solid
_ do
1,090
1,068
1,148
1,026
1,082
926
938
976
942
976
966
396 4
92.2
66.8
381.3
87.9
65.8
423.4
434.0
100.8
66.2
416.2
96.6
73.3
407.9
382.3
380.3
364.8
387.3
408 6
97.6
100.0
89.3
77.0
66.0
62.6
62.8
385.3
94.9
369.5
397.2
383.9
395.4
384. 9
77.7
390.5
371.1
78.4
390.7
84.2
377.1
80.8
*• 369. 0
73.3
368.8
288.0
Nitric acid (100% HNOs)
do
5,094
Oxygen (high purity)
mil. of cu. f t
162.4
Phosphoric acid (100% PaOs) _ thous. of short tons.
Sodium carbonate (soda ash), synthetic (58% NajO)
388.7
thous of short tons
11.8
Sodium bichromate and chromate
do
Sodium hydroxide (100% NaOH) _ _ _
do - 415.4
Sodium silicate (soluble silicate glass), anhydrous
30.4
thous. of short tonsSodium sulphates (anhydrous, refined; Glauber's salt;
92.4
crude salt cake)
thous of short tons
1, 589. 4
Sulfuric acid (100% HjSOi)
do
280.7
242.4
4,220
255.3
4,404
288.0
4,594
300 2
301 0
286 6
184.2
281.0
4,601
165.3
183.4
175.0
170.1
192.6
388.2
364.8
383.6
360.0
341.7
8.3
r 393. 4
339,8
403.4
Chlorine, gas
- Hydrochloric acid (100% HCl)
do
do
Organic chemicals :cf
Acetic acid (synthetic and natural), production
thous of Ib
Acetic anhydride, production _
do _
Acetylsalicylic acid (aspirin), production
do
Alcohol, ethyl:
Production^
thous of proof gal
Stocks, end of month^ _ __
do __
Used for denaturation
_
_
do
Withdrawn tax-paid^
do
Alcohol, denatured:
Production
_ _ _ _ thous. of wine gal
Consumption (withdrawals) _ _
do
Stocks, end of month
do
Creosote oil, production
DDT, production
Ethyl acetate (85%), production
thous. of gal _
thous. of lb_.
do ___
90.6
4,771
158.8
100. 5
84.6
94.6
93.5
90. 0
377.1
76.8
304.5
275.5
4,778
265. 1
234.6
4,488
5,135
183.9
183.0
4,804
189.9
171.2
370.1
10.9
399.0
392.2
428.3
407.7
422.5
39.7
49.1
50.3
46.3
90.5
1, 501. 8
95.3
1, 619. 1
89.5
1, 556. 4
92.4
1, 614. 2
60, 536
93 744
2,014
65, 926
93, 302
67, 137
99, 010
59, 955
89, 193
2,056
42, 520
29, 279
41, 659
620
41, 550
29, 124
50, 005
655
43, 492
26, 506
22, 476
24, 587
26, 757
3,669
6,980
13, 863
8,588
381.9
9.9
401.0
2,004
25,178
5,291
7,085
12, 377
5,925
92.4
95.6
415.9
10.1
11.1
11.2
159.1
371.3
10.9
79.6
10.4
410.0
8.8
998
986
429 5
410 3
4,423
76.5
4,792
9.9
406.5
9.0
416.4
34.6
28.6
45.4
44.2
49.7
43.2
37.1
35.3
87.6
1, 495. 4
87.6
1, 336. 0
85.6
1, 403. 8
86.5
1, 350, 3
89.0
1, 491. 1
91.6
1, 433. 8
88.5
90.3
67, 261
98, 308
1,992
65, 844
94, 200
1,906
71, 165
88, 703
1,696
64, 235
82, 410
1,808
60, 328
85, 665
1,733
59, 602
77, 574
1,667
' 62, 878
81,491
2,022
80,060
49, 057
33, 235
46, 502
660
47, 884 1 43. 686
33, 259 i 127, 911
41, 620
43, 132
706 1 3, 993
54, 943
131, 653
48, 077
59, 228
127, 020
46, 473
61, 943
129, 532
41, 724
7,020
53, 103
130, 899
43, 002
6,157
•• 52, 372
746
45, 335
28, 410
47, 015
647
48, 277
50,727
23, 674
25, 366
25, 216
23, 167
24, 880
27, 276
22,409
22,094
25, 861
25, 826
24,974
22, 421
23, 861
23, 101
21, 271
25 853
26, 482
27,646
6,999
7,454
14,283
14, 187
2,073
44,112
3,729
8,344
13, 617
9,849
5,723
9,688
13, 393
7,338
3,380
7,946
13, 748
5,895
402.9
3,721
7,953
12, 444
7,705
23,154
23, 611
3,281
7,357
13, 531
7,648
5,000
9.6
4,504
r
388.9
5,583
3,503
23, 181
5,331
8,413
14, 523
6, 958
13, 750
7,810
8,232
3,943
14, 486
6,706
5,798
7,103
1,428.4
387.0
1,494.4
61 563
1,887
134,505
4,050
5,252
51,250
137, 948
3,971
25, 317
7 665
7,727
5,775
114, 344 108, 128 107, 262
97, 062 100, 626 112, 629 121, 499 115, 627 111, 679 104, 939 108 792
96, 402
Ethylene glycol, production _ _ _ _
do
148, 791 147, 966 156, 861 147, 933 138, 955 143, 938 110, 367 148, 282 142, 755 149, 370 ** 135, 529 129, 894
Formaldehyde (37% HCHO), production
do
Glycerin, refined, all grades:
24, 800
26,600 2 23, 600 21,000 24, 300 24, 500 24, 500 22, 900 20, 900
Production
_
do_ _- 25, 100 24, 200 27, 700
23 900
29,200 27, 400
40, 200
42, 300
43, 100
26, 600
46, 500
28 100
29 100
Stocks, end of month
do
32 800
26 500
40 100
30 000
Methanol, production:
202
199
199
188
189
183
156
137
187
183
Natural
thous. of gal-171
••168
24, 502
21, 653
22, 524
22, 074
25, 523
25, 300
26, 082
26, 502
25, 051
25, 235
Synthetic
_.do -_. 24, 979
27, 442
Phthalic anhydride, production
_thous. of lb__ 30, 675 31, 476 36, 550 30, 858 35,068 31, 989 30, 612 33, 127 29, 169
26, 520
29, 924
28, 850
r
d
2
Revised.
Deficit.
1 See note "!"•
Data beginning June 1960 are confined to producers' and warehouse stocks (consumers' are not included).
fRevised series (first shown in October 1959 SURVEY), reflecting change in comparison base period; monthly averages (1929-59) and monthly data for 1953-59 appear on p. 19 of the
January 1961 SURVEY.
§Beginning with the October 1959 SURVEY, the figures include visits to Mount McKinley, Alaska and Hawaii National Park, Hawaii. Data beginning January 1960 reflect revised definitions of visits.
9 Includes data not shown separately.
f Revisions for 1957 appear on p. 24 of the April 1960 SURVEY; the 1958 data shown therein have been further revised. These
revisions, as well as those for January-August 1959, will be shown later.
cfData (except for alcohol) are reported on basis of 100-percent content of the specified material unless otherwise indicated.
1 Effective July 1960, data include amounts classified as "spirits."
June 1960 data on comparable basis (thous. gal.): Production, 53,137; stocks, 129,041; withdrawn tax-paid, 5,462.
SUEVEY OF CURRENT BUSINESS
Mim-h IJKil
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-25
I960
January
February
March
May
April
1961
June
July
August
Septem- October Novem- December
ber
ber
January
February
CHEMICALS AND ALLIED PRODUCTS—Continued
FERTILIZERS
Consumption (10 States),
Exports total 9 t
Nitrogenous materials
Phosphate materials
Potash materials
345
630, 124
46, 690
501. 920
67, 706
216
613, 804
38, 694
496, 865
70, 879
392
••380
337
617, 086 ' 669, 485 386, 033
73, 801
68, 976
37, 586
446, 209 r 467, 108 274,211
49, 269
78, 016 104, 714
345
503, 104
42, 309
370, 753
70, 499
165, 547
72, 190
*• 44, 621
6,458
63. 784
141,708
76, 224
16, 312
16, 654
14, 083
235, 645
141 781
53, 628
14, 380
29 817
180, 244
78, 456
0
18, 488
42, 558
115,762
46 549
0
8,979
23 502
126, 269
62 572
0
8,734
14 035
194, 537
46, 769
104, 888
103,
745
183, 245
118,977
272 301
125 978
256, 674
224, 376
216,938
306 264
172, 910
367, 655
191, 627
372, 897
185, 533
360 517
219, 677
372 909
236, 812 rr 219, 806
425 469 435 087
244, 503
442 555
42
84, 515
81
87, 324
50
87, 071
69
76, 781
128
94, 301
165
86 103
195
88, 276
238
80, 206
186
79, 907
149.2
84.6
64.6
163.6
98. 5
65.1
173.7
105. 7
68.0
181.8
109.6
72.2
156.4
96.2
60.2
167.1
102.4
64.7
150. 9
89 1
61.8
140.7
78.6
62.1
127.0
69 7
57,3
110.6
60 7
49.9
366
3,811
437
3,810
424
3,766
420
3,720
394
3,695
420
3,734
454
3,719
373
3,655
390
3,561
400
3 553
477
3 669
3,895
7,724
217
3 689
8 257
232
4 743
9,611
249
3 44?
7,467
4, 167
7,494
245
4,643
8,055
3 781
6 854
3 844
7, 730
188
4 763
7,655
51
4 407
7, 109
72
4 073
7 124
85
4 761
6, 137
74
do
do _
do
do _
do
47, 321
76, 715
28,529
102,179
30,119
48, 810
73 549
29, 110
101, 255
31, 268
51, 520
79, 436
31 576
108, 263
35 224
43 140
72, 840
30 903
98, 122
33 003
43, 713
73, 536
29, 540
97, 877
32, 297
43, 75?
74, 407
28 435
93, 688
34 126
43 879
73, 316
29 036
97, 791
30 335
42 526
76 152
27 284
104. 584
30 342
r
40 046
73, 978
25 926
98 007
26 569
39 323
71,256
23 829
86 709
25 470
do
do
do
do _
11, 652
14, 155
113, 006
26, 452
10, 274
14, 460
105 663
29, 572
12, 246
16, 435
114,566
31, 232
11 366
16, 034
114 019
31 404
11. 596
15, 359
120, 159
30, 238
11, 460
13, 861
102 264
31,314
10
12
112
33
8
11
114
30
thous of short tons
short tons
-do do
_ do^ -
406
430, 240
30, 928
313, 707
81, 898
1,146
547, 146
36, 063
413, 006
83, 988
2, 205
497, 862
26, 575
425, 667
31, 353
252, 935 rr367, 895
118, 667 !88 100
17 622 r 58, 098
8 814
6,918
72 275
41, 117
294,711
163 619
29, 535
9, 863
38, 932
120, 286
182, 836
232, 181
241, 784
377 896
242 513
367 853
157
69, 874
1,431
641.697
46. 888
522, 742
60, 621
890
694, 324
42, 978
587,210
49, 561
274, 835
131, 608
45, 865
15,041
r
39, 963
182, 445
99, 751
63, 822
25, 386
22, 534
356, 235
254, 146
252, 501
318, 782
243, 929
223, 136
110
73, 278
117
76, 671
130.3
70.3
60.0
130.7
71.3
59.4
389
3, 846
_ do _ 147, 895
77, 824
do
25, 609
_ __
do _
7,737
__ _ _ do __
21, 885
_ do
Imports, total 9 t
Nitrogenous materials total 9
Nitrate of soda
_
Phosphate materials.
.__ _Potash materials
Potash deliveries
- do
Superphosphate and other phosphatic fertilizers ("100%
P205):t
Production
_ _ _ ._
. . __ short tons
Stocks end of month
do
503
24
404
67
510
586
632
784
017
T
r
r
349
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments:
Black blasting powder
thous. of Ib
High explosives
_
_ _ _ _ _ _ -do
Paints, varnish, and lacquer, factory shipments: $
Total shipments. . _ _
.mil. ofdoL
Trade products
do
Industrial finishes
_
__
_ _ _ _
do _
Sulfur (native):
Production __
_
thous. of lone 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 arid extrusion materials
_
do _
Nitrocellulose sheets, rods and tubes
do
Phenolic and other tar acid resins
Polystyrene
Urea and melamine resins
Vinyl resins
_ __ _ _
Alkvd resins
_
Rosin modifications
Polyester resins
__
Polvethylene resins
Miscellaneous (incl. protective coatings)
830
308
126
926
260
42
76
27
94
30
061
211
718
675
103
10 060
9 865
103 695
26, 549
10
11
106
30
883
549
950
095
30
72
18
83
28
11
10
109
30
154
822
339
951
758
128
886
028
716
196
135
449
8
10
119
29
133
70, 391
400
3 698
552
963
675
411
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total t
mil. of kw.-hr__
Electric utilities, total __
do
By fuels _do _
By waterpower
do
71,532
64, 021
51,007
13,014
67, 622
60, 330
47, 807
12 523
72, 110
64, 301
51, 012
13, 289
66, 220
58 717
45, 478
13 239
67, 982
60 344
47, 308
13 036
69, 304
61 920
49, 474
12 447
70, 694
63 528
51, 636
11 893
74, 613
67 255
55, 138
12 117
69, 628
62 581
51 141
11 440
69, 485
62 252
51 759
10 493
68, 271
61 410
50 649
10 761
72, 997
66 202
54 941
11 261
73, 547
66 559
55 803
10 756
Privately and municipally owned utilities- _do
Other producers (publicly owned)
do
52, 346
11 675
49, 057
11 273
52, 047
12 254
47, 851
10 867
48, 932
11 412
50, 763
11 157
51, 614
11 914
55, 178
12 077
51, 575
11 006
51,257
10 996
50, 431
10 979
54, 169
12 033
54, 408
12 152
7,511
7,173
338
7,292
6,958
333
7,809
7,461
348
7, 503
7,158
345
7,638
7 284
354
7,384
7 060
324
7,166
6 897
269
7,358
7 109
249
7 047
6 811
236
7 233
6 995
238
6 862
6 599
263
6 794
6 541
254
6 987
6 720
267
56, 202
55, 417
55, 965
54 176
52, 830
54 108
55, 321
57 513
57, 344
55 166
54 201
55 973
9, 055
26, 553
8,843
26, 503
1
8, 801
1
27, 124
8 696
26 584
8 782
26, 781
9 546
26, 942
10 418
26, 134
10 769
27 558
10 784
27 269
9 833
27 108
9 318
26 504
9 421
26 336
465
17, 371
876
602
1,242
39
430
16, 936
821
548
1,293
42
468
16, 746
941
532
1,309
43
410
15, 592
1 076
488
1,281
49
376
14, 078
1 033
455
1,272
53
363
14, 232
1, 185
436
1,343
61
344
15, 157
1 440
468
1,292
68
364
15 390
1 534
478
1 354
67
323
15, 639
1 364
512
1,385
67
380
14 795
1 017
569
1 415
59
386
15 103
809
601
1 429
50
462
16 881
730
631
1 457
56
942.5
932.7
929.5
908 8
891 9
915.7
936 8
967 8
977 4
942 0
927 3
955. 3
Industrial establishments, total
By fuels
__
By waterpower
_ _ _
do
do
_ _ _ do _
Sales to ultimate customers, total (EEI)
Commercial and industrial:
Small light and power
Large light and power_-_ _ _
_ _ __
_ do
do
do. _
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. ofdol
GAS
Manufactured and mixed gas (quarterly) :{
Customers, end of quarter, total 9
thousands
Residential _ . _ _
_
_ ___ __do
Industrial and commercial
do
Sales to consumers, total 9
Residential
.__ _
Industrial and commercial
__._
mil. of therms__
do
do___
Revenue from sales to consumers, total 9
Residential
Industrial and commercial
r
mil. of dol
_ _ do
do
2,509
2, 341
166
2,161
2,020
139
2 287
2 141
145
941
732
202
504
341
148
300
168
118
116 8
94.0
22.3
64 3
48.8
15 0
43 0
30 3
12 2
l
Revised.
Data beginning March 1960 are not comparable with those for earlier periods because of reclassification of some companies from small to large.
.States represented are: North Carolina, South Carolina, Georgia, Florida, Alabama, Tennessee, Arkansas, Louisiana, Texas, Oklahoma. According to quarterly reports from Virginia,
consumption in that State is as follows (thous. short tons): 1960—January-March, 222; April-June, 591; July-September, 75; October-December, 94.
9 Includes data not shown separately.
^Revisions will be shown later as follows: Fertilizer imports (July-September 1959); superphosphate, etc. (January 1958-April 1959); paints, etc.
(January 1958-September 1959); electric power production (January-November 1959; for 1958 revisions, see p. 20 of the January 1960 SURVEY) • manufactured and mixed gas (1st and 2<1 quarters
of 1958 and 1959).
SURVEY OF CURRENT BUSINESS
5-26
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
March
1960
January
February
March
April
May
June
1961
July
August
Septem- October Novem- December
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
30, 306
27, 847
2 425
30, 459
28,051
2 374
30, 289
27, 934
2 321
mil. of therms
do
do
30, 118
13 98G
14 918
21,054
6, 550
13 570
16, 286
2 523
12 927
1, 918. 4
1, 224. 4
653. 8
1,214.2
661. 3
523. 0
814.4
332.7
455 8
Revenue from sales to consumers total
Residential
Industrial and commercial
mil. of dol
do
do
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Production
_
__ __thous. of bbl
Taxable withdrawals
do
Stocks, end of month
do
Distilled spirits (total) :t
Production!
thous. of tax gal
Consumption, apparent, for beverage purposes©
thous. of wine gal
Taxable withdrawals§
thous. of tax galStocks, 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, total t
thous of proof eal
Whisky
do
'Wines and distilling materials :J
Effervescent wines:
Production
thous. of wine gal. _
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
6,461
5, 595
9, 649
6,325
5, 826
9, 774
8,138
6,960
10,515
8,187
7,435
10, 789
9,336
8,290
11,317
9,860
9,129
11, 458
8,928
8,603
11,241
9,173
8,989
10, 887
7,332
7,519
10, 229
' 22, 241
24, 122
25, 893
22, 904
23, 844
22, 164
'9 126
10, 319
11,921
16, 351
899, 260
2,001
19, 534
r 14, 659
'11,468
907, 830 '915, 774
2, 225
2,827
18,314
14,117
921,318
2,629
19, 090
14, 121
928, 377
2,936
19, 521
16, 719
14, 718
i 7, 644
931,509 1835,782
3.044
2,205
18, 303
9, 542
833, 699
2,820
18, 633
10, 256
832, 603
3,320
21, 423
12, 708
832, 656
4,356
13, 945
5 449
785. 378
1 752
15.630
5, 774
792, 083
1 980
16,914
7, 1 53
798, 892
2 443
15,097
6,874
804, 642
2,313
14, 787
6,363
810, 795
2, 569
12,934
6.519
813, 720
2,718
6, 874
5. 059
814, 039
1, 952
7,285
6,642
812, 166
2,546
8,748
7,704
810, 746
2,954
11, 162
9, 981
808, 816
3,843
5, 239
3,853
5, 825
4, 527
6,978
5,472
6, 552
4,990
6,845
5,247
7,373
5,601
5, 556
4,382
6, 594
5,064
7,788
6,062
398
243
375
289
2,520
79
507
284
2,712
217
144
2,774
51
252
222
2,770
38
1, 846
2. 067
1 854
11. 929 '12,039
12,460
164 495 155, 874 142, 575
800
111 T '882
1,835
4,789
1 577
1,284
9,044
132, 309
15,042
' 10,616
372
217
1,947
47
15, 900
r
r
369
174
437
224
2, 122
2,317
48
2,834
2, 195
11, 552
' 11,213
r
202, 054 '189 448
576
603
4,280 f 3, 062
63
r
r
2, 746
15,029
178, 471
r
837
2, 376
2, 452
75
71
6,773
6,571
10,017
6,225
6,411
9,447
6, 677
' 6, 552
9,126
6, 81 6
5, 828
9,738
16, 751
'15,335
15,405
24, 718
11,554
834, 998
5, 088
27, 743
7,699
840, 364
3,752
7,448
846,057
12, 927
8,776
810, 537
4, 544
12, 609
5,752
815, 499
3,333
13,103
5,559
821,301
10, 125
8, 137
8,871
7,098
5,739
4.168
5,057
3,579
267
272
2,743
60
236
399
2,547
100
274
481
2,309
171
2,161
314
433
431
231
2.338
586
2,366
4,466
11, 464
125, 733
717
17, 967
56, 859
13, 284
168, 517
70, 470
13, 349
226, 129
736
977
125, 569
7,347
12, 987
208, 765
1,034
18, 139
2, 769
11, 765
200, 879
117, 035
12,211
14, 834
219, 422
1,270
29, 789
136
3.727
DAIRY PRODUCTS
Butter, creamery:
118, 640
Production (factory) t
thous of Ib
33, 992
Stocks, cold storage, end of month
_ _ do. _
.588
Price, wholesale, 92-score (New York). ..dol. per lb._
Cheese:
100, 690
Production (factory) totalt
thous of Ib
61, 500
American whole milkt
do
120,110
42, 958
.588
131, 405
64, 865
.588
129 740
86,148
.589
148, 705
119,117
.588
143, 000
162, 731
. 586
116,985
179, 861
.586
97, 990
169, 325
.598
83, 985
135, 540
.618
94, 600
116, 015
.616
93, 620
90, 587
.623
109,200
76, 808
.619
121,810
' 75, 707 80. 034
.611
'.611
103, 470
65, 850
121,410
78, 645
131 915
92, 775
156,485
113,925
157, 035
114,030
135,255
97, 150
120, 635
84, 135
108, 905
72, 375
1 10, 585
71, 235
106, 985
67, 925
121, 180
77, 990
122, 625
84, 275
283, 290 268, 227 261,835 275, 912 307, 523 345, 165 360, 107 358, 914 346, 189 333,011 328, 804 332,594 ' 327,633 325. 408
Stocks, cold storage, end of month, total
do
245, 755 231,719 228, 222 240, 950 267, 071 304,111 315, 728 317, 946 304, 237 291, 735 287, 718 292,011 r 287,036 286. 727
American, whole milk
do
4,494
4, 670
5,045
7, 115
4,167
4,333
5, 245
3, 430
4,382
7,408
4, 738
8,121
Imports
do
Price, wholesale, American, single daisies (Chicago)
.392
.392
.415
.392
.415
.415
.401
.438
.438
.430
.438
.434
.412
.404
dol. per lb__
Condensed and evaporated milk:
Production, case goods: t
6, 225
6, 140
5, 815
5,860
6,085
5,000
6, 115
5,880
4,806
5, 725
Condensed (sweetened)
_ _ thous. of Ib
5, 025
6, 675
6.220
Evaporated (unsweetened)
do
132 900 136, 900 169, 300 202, 600 264, 000 245, 600 207, 200 203, 300 171, 000 160, 500 139, 200 139, 700 142, 300
Stocks, manufacturers', case goods, end of month:
5,467
5, 484
6,435 r 6, 255
4, 856
5, 835
4, 596
5. 517
6, 533
6, 262
5, 436
5,545
Condensed (sweetened)
thous of Ib r 3,718
178, 131 135,954 r 95, 491 112,475 206, 758 '261,179 302, 101 364, 741 '341,169 319, 174 293, 379 218,315 154, 947
Evaporated (unsweetened)
do
Exports:
3,996
2,194
3, 664
3,288
4,721
3, 447
3,246
3,902
3,213
2,546
« 2, 997
4,683
Condensed (sweetened)
do
9, 375
5, 840
6,220
11,141
8,216
5.918
14, 035
6,773
5 927
5, 608
8,168
13, 990
Evaporated (unsweetened)
do
Price, manufacturers' average selling:
6.31
6.32
6.33
6.31
6.38
6.37
6.31
6.33
6.33
6.32
6. 35
6.33
6.37
Evaporated (unsweetened)
dol per case
'Fluid milk:
'r 9, 820 r 9, 580 r 10, 663 r 11, 020 ' 12,206 ' 11,689 r 10, 750 ' 10, 006 ' 9, 352 ' 9, 365 ' 8, 974 ' 9, 495
9, 859
9.381
Production on farmsj
mil. of Ib
5, 082
4,241
3, 231
3, 829
4,324
5,237
3,696
3, 445
3, 765
4, 473
3,326
3,791
4, 064
Utilization in manufactured dairy products t do
r
3.82
4.42
4.36
3.80
4.15
4.27
4.19
3.95
4.57
4.65
4.
45
p
4. 35
3.
96
4.60
Price, wholesale, U.S. average!
dol. per 1001b._
Dry milk:
Production: t
' 9, 000 ' 7, 700 ' 7, 600 ' 8, 300 ' 8, 500 ' 7, 450 ' 7,600
' 8, 050 r 7, 450 ' 9, 600 T 9, 850 r 9, 700
6,750
Dry whole milk
thous of Ib
98, 800 110, 000 110, 300 138, 350 152. 200
150, 300 158.400 170 200 185. 500 224, 600 211,000 158, 350 121, 650
Nonfat dry milk (human food)
do
Stocks, manufacturers', end of month:
' 7, 951 ' 7, 205 ' 6, 405 ' 5, 254 ' 4, 892 r 5, 550
' 6, 814 r 6, 793 ' 6, 822 r 5, 753 r 6. 848
' 6, 890
7, 325
Dry whole milk
do
' 100, 206 ' 105. 719 r 101, 695 '112,314 '153, 380 '162,345 '156, 882 '137, 126 '113, 795 '110,247 '101,690 '103,077 103, 145
Nonfat dry milk (human food)
do
Exports:
1,734
2,525
1,941
4,446
1, 694
« 1, 981
3,380
3, 687
2,787
2,401
376
1,120
Dry whole milk
_
do
19, 150
13, 573
9. 436
« 5, 312
19, 128
6, 073
21,923
7,470
17, 922
35, 090
21,085
22, 963
Nonfat dry milk (human food)
_ _ _ do
Price, manufacturers' average selling, nonfat dry
.136
.135
.134
.134
.138
.135
.137
.134
.138
.139
.139
.140
.137
milk (human food)
dol. oerlb _
r
!
Revised.
v Preliminary.
See note "§".
9 Totals include data not shown separately. Revisions for 1952-58 for total sales and total revenue (for 1st and 2d quarters of 1958 for other items; see footnote) are on p. 24 of the April 1960
SURVEY. Revisions for 1st and 2d quarters of 1959 will be shown later.
§ Effective July 1960, data exclude amounts classified as "spirits"; such amounts now included with ethyl alcohol (p. S-24). June 1960 data on comparable basis (thous. gal.): Production,
16,910; withdrawals, 9,962; stocks, 835,727.
O Alaska included beginning January 1959.
^Revisions or the indicated items and for the periods specified are available upon request as follows: Distilled spirits, rectified spirits, and wines (except import data for these items)—
July-December 1960 (scattered revisions); butter and cheese (total and American)—January 1957-June 1959; condensed and evaporated milk—January 1958-June 1959; dry whole milk—January 1952-December 1959; nonfat dry milk—January 1954-June 1959; fluid milk production—January 1955-December 1960; fluid milk used in manufactured dairy products—January 1952-July
1959; fluid milk price—June 1958-February 1959.
« Revisions for 1959 (thous. Ib.): Condensed milk, December, 2,472; dry whole milk, December, 1,873: nonfat dry milk, September-November—31,344; 31,921; 17,562.
SUKVEY OF CURRENT BUSINESS
Inless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-27
1960
January
February
March
April
1961
June
May
July
Septem- October Novem- DecemAugust
ber
ber
ber
J-.in lift ry
February
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FRUITS AND VEGETABLES
\pples:
Production (crop estimate)
Shipments, carlot
Stocks, cold storage, end of month
1
thous. of b u _ No. of carloads. . 1, 625
thous. of bu.- 24, 065
1,767
16, 720
2, 130
1, 666
9,442
6, 600
6,978
376, 135
526, 652
670, 432
321, 639
612, 967
13,414
106, 380
r
1, 721
28, 100
4,248
1, 425
1,166
426
316
119
167
13
178
231
14, 120
1,091
44, 598
1,493
37, 539
7, 135
7. 475
5, 569
4, 368
3,334
3, 196
2,201
3,106
271,614
251, 775
648, 357
544, 864
316, 926
625. 198
430, 862
538, 952
586, 537
554,600
496, 852
453, 229
563,014
413,014
634, 794
801,345
20, 593
1 4, 943
17.704
18, 324
7, 679
5,120
7,404
8,733
9,383
4. 125
4.975
6. 642
6. 750
4.760
3. 153
3.836
3.790
3.981
4. 160
4 050
' 65. 732 r 74, 180
76, 707
66, 111
68, 721
83, 248
81, 262
86, 743
86 241
13,616
36, 708
19, 794
14, 429
13,511
1423 136
11 021
7,464
^itrus fruits, carlot shipments
No. of carloads,.
Frozen fruits, juices, and vegetables:
Stocks, cold storage, end of month:
Frui ts
thous. of lb. . 428, 838
478, 791
Fruit iviices and purees
do
754, 780
Vegetables
- - do
Potatoes, white:
Production (crop estimate)
thous of cwt
Shipments, carlot
No. of carloads.. 14, 763
Price, wholesale, U.S. No. 1 (New York)
4.215
dol. per lOOlb.
496,016
522, 051 517, 744
507,683
353, 408
291 ,691
942, 145 1,017,373 1,017,386
1,183
"•21,665
r
1,186
14,973
5, 920
5. 671
482, 688 ••449.926
290 730 '384 114
983 519 r 877. 632
404, 727
511 459
841 801
' 8, 083
1256 677
r
10,377
r
11,645
p
12,328
3. 690
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats, rye, wheat)} thous. of bu.
Barley:
Production (crop estimate)
Receipts, 4 principal markets-
- - do.
. ._ -_ do
Shocks (domestic) end of quarter, total d* mil. ol bu
On farms
- do
OrTfirmscf
do
Exports including maltt§
thous. o f b u
Prices, wholesale (Minneapolis):
No. 2, malting
dol. per bu._
Xo 3 straight
do
Corn:
Production (crop estimate)
Grindings, wet process©
Receipts, interior primary markets
mil of bu
thous. of bu..do
Stocks (domestic) endofquarter. total cf mil o f b u
On farms
do
Off farmsc?
.
do
Exports, including meal and flour t
thous. of b u . _
Prices, wholesale:
Xo. 3, yellow (Chicago)
dol. per bu-.
Weighted average, 5 markets, all grades
do__Oats:
Production (crop estimate)
Receipts, interior primary markets
mil o f b u
thous. of bu..
15.785
13 065
13,229
r
r
8, 130
T
Rice:
Production (crop estimate)
thous. o f b a g s 9 _
California mills:
Receipts, domestic, rough
thous of lb
Shipments from mills, milled rice,
.. . do
Stocks, rough and cleaned (cleaned basis), end
of month
thous. of lb..
Southern States mills (Ark., La., Tenn., Tex.):
Receipts, rough, from producers
do
Shipments from mills, milled rice .... - _. - do _
Stocks, domestic, rough and cleaned (cleaned
basis), end of month
mil o f l b
E xportst
thous. of lb_ _
Price, wholesale, head, clean (N.O.)_ _ _ d o l . per lb_
Rye:
Production (crop estimate)
thous. of bu
Receipts, interior primary markets
do
Stocks (domestic), end of quarter, totalcf
do
Price, wholesale, No. 2 (Minneapolis) .. dol. p e r b u _ _
Wheat:
Production (crop estimate), total
Spring wheat
Winter wheat
Receipts, interior primary markets
Disappearance (quarterly total)
... mil. ofbu
do. .
_ do
thous. of bu..
. . do
flourj
thous. of bu_.
do
r
17. 057
246
121
T
468
280
188
2168
256
r
16, 294
13 77S
352
909
2 112
7, 956
6 007
5 995
9, 680
9,304
7 370
6 584
1.176
1.112
1.162
1. 075
1. 092
1.013
1. 125
1 . 026
1.122
1.012
1.148
1 . 069
1.119
1 025
1.129
1 037
1.139
1 . 043
1.141
1 054
13,118
34. 267
13, 777
34. 51 7
12. 370
28, 441
13, 712
34, 077
13, 080
21, 172
13, 851
29, 939
12, 396
78 466
i 4 353
1 1 , 034
29 730
12,172
28. 599
1 1 . 924
39 7'M
1.101
1 . 042
1.128
1.046
6, 733
6. 363
. 654
. 661
125
8, 689
5, 949
8. 279
1.170
1.114
1. 144
1 083
1.156
1. 075
1. 157
1.081
12, 492
21, 916
12,521
12,881
32, 448
25, 977
12, 239
25, 1 50
r
3, 363
'> 044
1.319
2
13,689
16,734
15,047
16.391
18,016
2 583
1 305
1.228
19, 144
1 '), 960
20, 028
1 789
2 454
1 , 335
13, 659
16, 556
27, 784
28. 610
1.144
1.043
1.128
1.012
1. 149
1.079
1 . 206
1. 124
1.213
1.145
1 . 200
1. 152
1. 194
1. 135
1. 184
1.110
1.165
1.037
1.057
1.014
.960
.942
1.017
991
5, 892
5, 712
6,209
3, 421
4,830
7, 672
10,198
39,112
16, 046
6,263
4, 461
4 700
'5 060
2
i i 162
485
2268
2228
2
40
424
61
3, 487
.780
1,923
. 755
1,891
.774
3 212
111,624
51,671
125,912
57, 596
101 502
87, 247
111 974
66, 035
1 085
851
Q63
121
3,741
. 750
1 925
2 188
.734
766
85
5 641
.653
3 841
.642
69 890
32 566
36 072
25, 436
212 208
38 682
62,212
58, 978
129,902
100 423 1 245 312 1,333,826
98. 679 201 098 320. 686
4 065
.680
2,820
1 647
1 143
.665
i 54 403
9
75 145
79 968
51 ' 687
88 82
81,240
81,634
190 nqi
98 610
129 T54
76 'vO
140, 554
126, 439
133,119
456 749
272 '?95
270 578
344 35^
117 £$9
257 071
1 322 1
250, 246
.081
1 176 5
64 197
47 541
95, 151
125,320
109,295
113,300
108,707
73,21»
51, 209
118,155
217.375
117, 767
221, 461
158,260
264,019
74,410
66, 678
203, 61 2
217,531
64, 075
201, 045
46, 938
207, 057
1, 177. 2
1, 060. 8
190. 493
.083
176,432
658 9
547 4
169,367
174,149
.083
.083
.083
421 1
167, 725
.083
246 3
130, 246
.081
208 6
42, 918
.079
831 7
69, 319
.077
1 403 4
.083
.078
1 472 3
213. 987
.079
287
298
361
641
969
4 832
712
59g
25 7] q
460
1.167
1.083
1.068
1 920
35 519
1.106
1 176
1. 159
? 068
10 489
1 . 1 50
3 338
1. 178
13, 966
1.157
1. 114
1.093
1.093
1.097
1. 115
23, 809
1,117.1
18,159
34, 267
23, 834
177,568
1.213
791.3
187.856
P. 082
i 32 109
2
. i"'>f~rrj
1 , 363. 4
i 246 3
23, 101
24,317
18, 556
18, 745
18, 478
315, 889
Stocks (domestic), end of quarter, total cf^.mil. of bu..
On farms
do
Offfarmso"
. _ . . . . . .
do
Exports, total, including
Wheat onlyj
' 72, 465
13,967
10, 962
9, 344
Stocks (domestic), end of quarter, totald". mil. of bu.
On farms
. _
do
Offfarmsd"
- ..
do
Exports, including oatmeal t
thous. o f b u
Price, wholesale, No. 3, white (Chicago). ..dol. per bu_.
' 87, 461 r 81, 439
2
1, 562
204
1,358
39, 953
33, 502
46. 091
39, 978
r
r
2
51,001 «• 61, 809
42. 806
r
54, 391
r
r
52, 250
47, 295
103, 693
30, 957
251 179
87, S74
1,314
2
96
1,218
41, 304
36, 80?
47, 595
332 993
33, 260
? SO 81 S
2. 345
550
1,795
' 40, 950
37, 388
r
38, 479
34 513
53, 776
48 529
2. 066
421
1 . 645
50, 831
45 317
' 49, 594
42 171
49. 785
41 004
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
2.242
2.245
2. 258
dol. per bu_2.256
2.269
2.287
2.285
2. 120
2.146
2.157
2.146
2.142
2.149
2.150
9 l\ A(\
2.072
No. 2, hard winter (Kansas City),. . . . do
2. 100
2.123
2 (y^S
2 103
2 008
1 8^2
1 953
9 009
1 937
1 98?
1 988
1.979
No. 2, red winter (St. Louis)
do
2.106
2. 092
2.037
1.784
1.825
1.817
1.852
1.950
2.073
2.145
2.127
2.237
2. 248
Weighted avg., 6 markets, all grades
do
2. 261
2.259
2.233
2.174
2.023
2.113
2.132
2.130
2.146
2.138
2. 135
2. 125
l
*2 Revised.
v Preliminary.
December 1 estimate of 1960 crop.
Old crop only; new grain not reported until beginning of new crop ye; • (July for barley, oats, and whept; October for corn).
3 No quotation.
,.
. /
. for 1958-January
«
t Scattered
revisions
1960 for exports of indicated grain series will be shown later.
§ Excludes a small amount of pearl'barley.
OData beginning January 1959 are on
standard 17-percent moisture basis; prior thereto, on basis of varying moisture content (from 12 to 25 percent).
99 Bags
. [-cent).
Bags of
of100
100IbIb.
cfData prior to last quarter of 1959 will be shown later. The figures include grain ownfted" 'by Commodity
"*
- . -Credit
. - . -Corporation
•
and stored off farms in its own steel and wooden bins.
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
M;irch
1960
January
February
March
April
May
June
1901
July
DecemAugust SeptemOctober November
ber
ber
January
Fobru
ary
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Continued
Wheat flour:
Production:
Flour
__thous. of sacks (100 lb.)__
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, standard patents (Minneapolis) §
dol. per 100 lb,_
Winter, hard, 95% patents (Kansas City)§_do
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected) :
Calves
thous. of animals
Cattle
do ..
Receipts principal markets _
do. __
Shipments feeder to 8 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago)
dol. per 100 Ib
Steers, stocker and feeder (Kansas City)
do
Calves, vealers (Natl. Stockyards, 111.)
do
Hogs:
Slaughter (federally inspected)
thous. of animals..
Receipts principal markets ...
do __
Prices:
Wholesale, average, all grades (Chicago)
dol. per 100 lb._
Hog-corn price ratio
bu. of corn equal in value to 100 Ib. of live hog..
Sheep and lambs:
Slaughter (federally inspected)
thous. of animals..
Receipts principal markets
do
Shipments feeder to 8 corn-belt States
do
Prices, wholesale:
Lambs average (Chicago)
dol. per 100 lb_
Lambs' feeder good and choice (Omaha)
do ..
21, 871
98.3
414
50, 036
20, 396
87.0
387
46, 632
22, 137
85.7
422
50, 612
19, 350
82.2
369
44, 271
19,042
80.9
362
43, 473
20, 184
81.9
384
46, 127
19, 253
85.9
368
44, 101
22, 002
85.3
'418
50, 372
21,615
91.7
408
49, 371
23, 292
98.8
436
53, 147
22, 181
94.1
414
50, 400
21 615
91.4
403
49, 166
°2, 805
2,658
4 462
3,563
3,225
2,155
4,161
1,957
1,548
1,724
4 330
2,281
2,397
' 3, 227
4 669
3,818
5.228
4.850
5.238
4.817
5.293
4.933
5.343
4. 933
5.455
5.033
5. 435
5.050
5. 365
5.050
5. 250
4.983
5.300
5. 083
5.330
5.090
5.303
5.033
413
1,564
1,731
378
389
1,437
1,568
270
482
1,577
1,703
309
394
1,412
1, 569
295
378
1,606
1,827
352
397
1,692
1,741
301
374
1, 592
1,599
249
450
1,787
1,992
388
514
1,782
2, 092
783
516
1,746
2, 605
1,319
502
1,625
2,086
884
451
1,576
1,634
'541
427
1, 632
1, 826
476
1,397
26.10
23.31
33.00
26.37
23. 80
33.00
27.40
25.14
33.00
27.13
25.46
28.50
26. 75
25. 38
29.00
25. 58
23. 50
26.00
25.30
21.81
25.50
24.75
21.23
24.50
24.62
20. 91
25.50
24.83
21.59
25. 50
26.00
22.54
28.00
26.61
23.61
30.00
27.02
24.29
* 33. 50
25. 84
23. 70
6,516
3,167
5,841
2,744
6,116
2,782
5,571
2,578
5,483
2,672
5,086
2,465
4,304
2,061
5,203
2,466
5,165
2,330
5, 407
2,451
5,707
2,597
5, 753
2,615
5, 744
2,586 ~~~27234
12.08
13. 15
15.19
15.68
15. 57
16.11
16.57
16.14
16.07
17.04
17.06
16.68
16.82
17.74
12.4
13.1
15.1
14.8
14.4
14.8
15.2
15.3
14.7
17.1
19.2
17.8
17.1
17.6
1,237
1,031
160
1,076
870
160
1,088
858
159
1,054
902
148
1,110
1,086
258
1,137
881
205
1,113
875
190
1,240
1, 165
474
1,323
1,457
722
1,353
1,507
616
1,192
1,005
215
1,114
889
184
1.300
1,003
177
835
19. 50
17.70
20.62
19.18
22.25
20. 35
21.25
21.20
21. 25
20.88
21.50
19.61
20.25
17.95
18.25
17.21
16. 50
17.34
16. 50
15.98
16. 50
15.95
16.50
15.78
17.25
16.59
17. 25
16.96
1,995
2,144
1,959
2,071
2,054
1,834
2,097
2,081
2,110
2,112
2.100
2,154
617
82
56
594
88
53
641
94
71
634
80
57
591
89
67
532
69
77
461
88
94
403
89
68
402
103
56
410
78
43
912.3
193, 840
2,158
' 33, 120
1,000.3
173, 574
2,201
32, 887
887.7
166, 041
2, 640
45, 933
1, 004. 8
156, 143
2, 062
36, 220
1,044.7
153, 078
2,142
43, 044
976.2
153,322
1, 770
51,718
1,091.6
160, 876
2, 596
70, 735
1, 094, 5
171, 243
2, 756
48, 636
1,074.1
182, 739
2,877
36, 300
1,002.4
182, 239
3,077
24, 778
MEATS
Total meats:
Production (carcass weight, leaf lard out) , inspected
2,238
slaughter
mil. o f l b _ _
Stocks (excluding lard), cold storage, end of month
597
mil. oflb..
99
Exports (including lard)
do
64
Imports (excluding lard)
do
Beef and veal:
999.3
Production inspected slaughter
do
Stocks, cold storage, end of month
.thous. of lb__ 204, 302
2,494
Exports
do
Imports
do _. 39, 345
Price, wholesale, beef, fresh, steer carcasses, choice
.456
(600-700 Ibs.) (New York)
dol. per lb__
Lamb and mutton:
Production, inspected slaughter
thous. of lb__ 61, 755
14, 046
Stocks, cold storage, end of month
do
Pork (including lard), production, inspected slaughter
mil. of lb_. 1, 177. 0
Pork (excluding lard):
886, 766
Stocks, cold storage, end of month
do. _ 311, 537
4,849
Exports
_
_____
do
15,057
Imports
__ _
_. do
Prices, wholesale:
.430
Hams smoked composite
dol per Ib
.390
Fresh loins, 8-12 Ib. average (New York)
do
Lard:
' 210, 762
Stocks, dry and cold storage, end of month
do... 135, 600
68, 800
Exports
do _
.105
Price, wholesale, refined (Chicago)
dol. per lb_
' 5, 328 P 5. 265
' 5. 050 P5.019
r
423
89
51
977.2
183, 540
2, 620
28, 581
'444
481
1,035.0
168, 238 " 162,7)58
.461
.476
.474
.473
.451
.441
.433
.425
.421
.438
.459
.476
. 458
54, 256
12, 203
54, 830
11, 188
52, 430
10, 921
53, 333
9,943
52, 067
11, 654
49, 974
13, 178
56, 532
13, 434
59, 347
12, 644
62, 057
12, 286
56, 561
12, 424
54, 093
12, 442
64, 972
'12,316
12,026
1, 028. 7
1,088.7
1,018.9
1,012.9
957.3
807.8
949.0
927.1
974.2
1, 053. 4
1, 069. 2
1,053.9
788, 091
342, 574
5,515
14, 246
819,880 773, 678
337, 921 383, 291
7,078
7.828
' 12, 455 15, 448
766, 768
386, 291
5, 948
14, 646
716,454
351, 127
3,583
17, 329
607, 007
294. 242
3, 006
15,584
715, 652
220, 665
4,278
13, 227
704, 006
157, 812
7,103
12, 568
744, 573
143, 934
6,352
13, 842
808, 536
153, 629
7,245
13, 530
816, 207 804, 280
170,226 '200,383
6,578
13, 382
.441
.406
.478
.455
.476
.429
.492
.453
.484
.492
.469
.508
.469
.485
.445
.520
.472
.525
.476
.505
'.526
.489
P. 490
'.490
176, 082
146, 800
50, 260
.108
196,299
144, 800
55, 506
.113
179, 103
136, 000
56, 154
.123
180,153
149, 800
49, 825
.120
175,670
136, 400
62, 724
.123
146, 486
128, 900
42, 940
.133
169, 799
108, 900
51,186
.140
162, 085
92. 500
42, 319
.128
167, 381
72, 400
57, 920
.133
178, 840
83,400
32, 995
.140
184,405
93, 500
49, 381
.131
182. 790
114.300
372
403
413
490
506
526
631
656
718
638
518
477
292, 626
186, 057
414, 384
282, 187
239, 914
.490
P. 135
POULTRY AND EGGS
Poultry:
Stocks, cold storage (frozen), end of month
thous. of lb_
Turkeys
do _
Price, in Georgia producing area, live broilers
dol. per Ib.
Eggs:
Production on farms
_
mil. of cases 9
Stocks, cold storage, end of month:
Shell. .
_
thous. of cases 9Frozen
thous. of lb_
Price, wholesale, extras, large (delivered; Chicago)
dol. per doz.
409
299, 709
142, 296
261, 493
123, 954
220, 381
105, 208
184,704
87, 277
159, 218
74, 306
149, 832
66, 717
152, 737
70, 891
201, 111
112, 517
352, 509 300, 708 ' 298, 026
209, 941 '160,097 ' 169, 292
.162
.172
.177
.171
.171
.171
.172
.156
.153
.150
.149
.147
.155
.170
'15.1
'14.3
15.5
15.4
15.8
14.4
13.9
' 13. 3
'12.6
'13.0
'13.1
14.0
14.3
13.5
304
75, 275
345
78, 089
181
81, 431
299
90, 104
753
121, 768
1,110
157, 040
1,029
166, 387
746
158, 094
486
139, 797
269
113,743
96
87, 344
76
64, 144
'80
' 54, 158
35
50, 228
.259
.267
.345
.363
.328
.297
.321
.367
.458
.493
.523
.447
.370
.387
21,465
.255
.228
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
15,304
15, 477
17,613
20, 129
18,678
22, 792
30 392 '31,600
20, 093
17, 997
Imports (incl. shells)
long tons. a 14, 411
'. 293
.295 1
.290
.298
.283
.284
!288
.285
.271
.303
.290
Price, wholesale, Accra (New York)
dol. per Ib.
' Revised.
*> Preliminary.
§Quotations are for 100 pounds in bulk; prior to 1959, for 100-pound sacks.
9 Cases of 30 dozen.
« Revision for 1959: Wheat flour (thous. sacks)—December, 3,906; cocoa Gong tons)—May, 20,928; July, 12,473; November, 14,339; December, 32,8<9.
267, 438
152,362
SURVEY OF CURRENT BUSINESS
March KXil
Jnless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-29
1960
January
February
April
March
May
1961
July
June
August
Septem- October Novem- December
ber
ber
January
February
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS— Con.
Coffee (green):
Inventories (roasters', importers', dealers'), end of
quarter
- . _ . _ - _ thous. o f bagsd"
Roastings (green weight), quarterly total
do
« 10 , 232 r 2r148
Imports
- -do _
392
From Brazil
do
795
Price, wholesale, Santos, No. 4 (New York)
dol. perlb_.
.366
.370
Confectionery, manufacturers 'salest
thous. of dol - '101,775 105, 495
Refined sugar, total _
From Cuba
Prices (New York):
Raw, wholesale
Refined:
Retail§
._
Wholesale (excl. excise tax)
Tea, imports
_
do
do
2,931
5. 205
1,850
r
985
3 204
5,774
1 828
730
1 951
621
r 803
2 031
1 057
3,440
5,083
1 963
863
.375
76, 111
.369
60,664
.364
83, 402
.369
133, 680
.368
127,489
.365
126, 674
.366
108, 795
'.367
106, 107
.369
146, 579
165, 822
193, 461
210, 519
222, 396
223, 188
237, 163 ••230,463
203, 610
174, 586
4,302
3,996
3,204
2,910
2,564
2, 305
2,086
2,325
84, 706
506, 582
81 730
53,963
63, 640
573, 532 1,029,544
149, 826 232, 758
47, 042
883,079
166, 150
45, 267
726, 002
227, 288
29, 414
393, 966
226 355
61, 750
296, 251
250, 283
127,933
202, 533
141,012
548, 507
545, 400
3,107
617, 094
612, 325
4,769
779, 790
772, 817
6,973
705 390
699,916
5 474
785, 680
780, 032
5,648
976, 291 1,071,969 892 447
968, 753 1,061,206 882, 429
10 763
7,538
10 018
2,082
498
2,076
1 053
1,951
485
1, 954
243
2,023
331
1,716
297
1,396
414
416, 946 ' 480, 656
195
317 287 r393
91, 112 r 73, 584
411, 892
282, 570
120, 082
Fish:
Stocks, cold storage, end of month
thous. of lb__ 209, 489
Sugar:
Cuban stocks, raw, end of month
thous. of Spanish tons_. '1,330
United States:
Deliveries and supply (raw basis) :
Production and receipts:
Production
short tons__ 273, 431
605, 046
Entries from off-shore, total 9
do
30, 808
Hawaii and Puerto Rico
_ __do-_
Deliveries, total
_ _ _
do.
For domestic consumption
do
For export and livestock feed
-- do
Stocks, raw and refined, end of month
thous. of short tons
Exports
.
_ ._ short tons
Imports:
Raw sugar, total 9
_ _ do
From Cuba
do
From Philippine Islands
_ _ __do
2,857
5,833
2r 022
783
T
r
1, 648
758
1 816
748
.370
104, 892
.371
87, 295
.373
72, 909
180, 452
142, 880
133, 765
2,575
3,921
r
r
r
1,625
2 078
784
1 826
546
r
1,661
' 1, 335
1,415
650 761
145, 498
134 105
867 524
111,737
59 432
768 200
81,684
40 838
361,519
83 220
842, 516
837, 525
4 991
704 375
699, 680
4 695
685 437
683 009
2 428
720 836
717,104
3 732
1,175
425
984
308
1,365
291
1,946
193
2,327
276
393. 494
211, 464
160.409
327, 623
3 280
192, 51 5
343, 856
196 617
351 845
276, 073
25 227
41 832
45 698
34 919
26, 792
3 750
23 635
6 375
23 424
960
8 789
180
6 005
180
'279, 761
169,869
« 79, 063
354, 404
215,408
95, 973
427, 432
331, 385
96, 047
« 35, 018
« 25, 900
43, 880
37, 879
49, 404
40, 910
45, 457
42 595
60, 451
47 415
48, 632
43, 959
56, 170
42 434
r
r
o
o
o
o
dol. per lb_
.059
.060
.061
.062
.061
.061
.066
.064
.066
.064
.065
.064
. 064
dol. per51b_
dol. p e r l b _ _
thous. of Ib
.545
.086
9,644
.543
.086
11,416
.542
.085
11, 593
.540
.085
9, 536
.541
.085
10, 588
.541
.085
9,940
.541
.087
8, 586
.565
.090
9,132
.568
.090
9,132
.571
.090
8, 050
.571
.090
7,845
.589
.088
9,710
p .088
190.2
196 8
194.0
185 7
193 8
206.8
151.8
218 1
189 4
205 1
193 5
186 9
199 1
110.5
114 9
123.0
118 7
115 9
126.2
109.1
108 3
111 8
117 9
105 2
190 3
106 1
129.4
147 8
154. 3
136 4
156 8
164. 1
145.7
164 9
133 6
138 9
140 7
156 1
172 4
Baking or frying fats (incl. shortening):*
Production
_ _ -_
- mil. o f l b
Stocks (producers ' and warehouse), end of month
mil. of Ib
Salad or cooking oils:*
Production
_ __
do
Stocks (producers' and warehouse), end of month
mil. oflb..
Margarine:
Production
do
Stocks (producers' and warehouse), end of month
mil. oflb._
Price, wholesale (colored; delivered; eastern U.S.)
dol. per lb__
r
60.0
57.7
56.5
54.3
56.2
49.7
50.6
48.6
41.2
42.6
42.8
54. 5
55. 6
158.5
143.5
150.4
139 6
123 7
132.6
120 1
135 2
134 6
150 3
148 4
158 3
175 3
36.7
38.1
38.7
39.1
32.8
39.9
35.2
33.5
33.7
32.9
31.4
.238
.238
.238
.238
.238
.238
.238
.238
!.235
.235
.235
28.2
21.5
29.7
23.6
26.1
23.2
24.5
23 0
28.8
26 3
27.0
24.6
24.5
21 7
30.0
28 2
27.6
22 6
28.0
27 6
30.7
28 3
T
32.6
35.3
. 245
p. 245
27.2
24 7
30 0
26 1
. 063
FATS, OILS, AND RELATED PRODUCTS
Animal and fish fats: A
Tallow, edible:
Production (quantities rendered)..
mil. o f l b _ _
Consumption (factory)l
do
Stock s (factory and warehouse) , end of month
do
Tallow and grease (except wool), inedible:}
Production (quantities rendered)...
_ _ d o _ _.
Consumption (factory)^
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©
mil. o f l b .
Vegetable oils and related products:
Vegetable oils (total crude and refined):
Kxports
do
Imports.
_
do_Coconut oil:
Production:
Crude
do
Refined©
_
- do
Consumption in end products
__
do
Stocks, crude and refined (factory and warehouse),
end of month
mil. of Ib _
Imports
.
do
Corn oil:*
Production:
Crude
do
Refined©
.
do. _Consumption in end products. _ _ ._
do
Stocks, crude and refined (factory and warehouse) ,
end of month.
_ _ _ m i l . of lb_.
r
27.2
28.5
27.4
24.1
23.1
22.5
23.0
23.8
27.0
24.7
24.8
26. 4
24.9
264. 3
148. 2
252. 9
141 2
258.4
161.6
237.6
150 9
253. 7
153 9
255.4
167 0
233.9
117 3
255.0
161 4
254.3
157 5
249.6
161 5
257.8
151 8
251. 8
147 0
261.1
141 9
324.8
346. 1
333.8
323.1
291.9
282.5
301.1
310.7
342.7
339.6
330.8
304. 8
329 0
.3
6.3
.4
8.4
.2
9.2
21
7 2
14.2
80
35.1
90
40.0
82
36 8
10 6
29 5
91
22.7
83
9.0
85
82.7
87.4
105.6
91.9
95.0
109.5
96.0
164.3
52.0
165.4
39.0
229.3
57.0
122 5
42.6
241.6
37.0
59.4
52.5
43 6
35. 1
52.8
43 7
38.8
57.9
39.0
35. 9
55.9
44 7
27.5
35.7
47 9
36 8
54.7
315. 0
13.2
315.4
12.3
306. 2
18.3
322.4
7.8
T
7.8
85
5 2
9 7
87.1
'84.3
83.9
71 2
47.6
138.3
40.2
156 0
48.1
35 9
32.6
49.5
45 8
36 3
53.1
44 8
35.4
48.0
46 2
30.0
42.6
50 6
31 4
45.3
327.0
8.9
322.6
16.5
321.2
15.6
328.5
16.1
338. 6
16.3
357. 9
103.7
88.0
89.5
109.8
33.4
144.9
33.1
106. 5
44.5
33.6
27.1
46.9
30.3
30.3
47.4
39.6
33.6
53.6
62.1
10.6
51.2
6.2
55.4
14.3
26.7
24.6
25.9
27.4
25.0
27.8
28.6
30.5
27.7
25.0
22.9
21.6
29.0
21.1
22.4
28. 5
25.0
26.2
27.7
24.3
24.4
29.6
32.0
29.5
27 4
25.5
26.5
28.0
27.6
29.3
26.8
25.1
29.2
9
42
24.3
25. 3
25 6
27 9
24.9
27.3
28.6
31.9
32.7
39.1
38.7
42.6
37.7
38.7
37.9
33.4
33.2
32.8
r
2
2
Revised.
v Preliminary.
1 Beginning September 1960, prices are based on a new specification and are not entirely comparable with those for earlier periods.
Beginning April 1960,
data include Government Services Administration stocks and are not comparable with those for earlier periods.
cf Bags of 132.276 Ib.
^Revisions for January 1956-March 1959 for confectionery will be shown later; those for January-November 1958 for fats and oils appear in Census report,"Fats
and Oils, 1958" (Series M28-1-08).
9 Includes data not shown separately.
§Price for New York and northeastern New Jersey.
*New series; comparable data prior to December 1958 not available, except for corn oil which may be obtained from Census reports.
AFor data on lard see p. S-28.
^Consumption data exclude quantities used in refining.
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).
« Revisions for imports in 1959: Coffee (thous. bags)—total, November, 1,623; December, 2,375; Brazil, November, 604; sugar (short tons)—raw, total, September, 444,641; October, 194,373;
December, 237,036; raw, Philippine Islands, September, 134,710; refined, total, January, 30,963; Cuba, January, 22,649.
SURVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
Mnrc-h 101
1960
February
January
March
April
May
June
111(51
July
DecemAugust SeptemOctober November
ber
ber
Jcinu•jry
Febru
ary
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS, AND RELATED PRODUCTS— Con.
Vegetable oils and related products— Con.
Cottonseed:!
632.7
Consumption (crushings)
thous. of short tons..
1,945.4
Stocks (at oil mills) end of month
do
Cottonseed cake and meal t
289.9
Production
_ do- _ _
131.6
Stocks (at oil mills), end of month
do
Cottonseed oil:
Production:
212.2
Crudet
mil. of lb_151.1
Refined cf
- --- - do _
96.8
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) ,
473.9
end of month
mil of Ib
.146
Price, wholesale (refined; drums; N.Y.)~dol. per lb_.
Flaxseed:
51.8
Consumption (crushing)
thous. of short tons_
77.1
Stocks (at oil mills) end of month
do
3. 50
Price, wholesale (No. 1; Minneapolis) __dol. per bu__
Linseed oil:
37.2
Production crude (raw)
mil. of 1b_
25. 0
Consumption in end products^
do
Stocks, crude and refined (factory and warehouse),
163.8
end of month
mil of Ib
.140
Price wholesale (Minneapolis)
dol per Ib
Soybeans:
1,016.8
Consumption (crushings)
thous of short tons
2, 770. 0
Stocks (at oil mills) end of month*
do
Soybean cake and meal:*t
1 , 549. 8
Production
mil of Ib
190.4
Stocks (at oil mills) end of month
do
Soybean oil:
Production:
370. 5
Crude
- - do_ _
287.9
Refined d"
_ _ _ _ _ _ d o _~
274.8
Consumption in end products^
do
Stocks, crude and refined (factory and warehouse),
551.3
end of month
mil. of Ib
.119
Price wholesale (refined* N Y )
dol perlb
740.0 T 612. 9
2, 393. 5 '2,404.6
576. 6
1, -143. 7
528. 3
953. 4
373. 7
596. 0
252. 4
357. 3
176.6
191.1
142.7
104.8
139.8
205. 0
412.9
701.9
760. 8
1, 639. 0
267. 5
149.5
246.7
140.8
175. 8
188. 9
116.9
204. 5
83.0
202.8
70.0
189.9
68.6
157.7
189.3
137.1
353. 5
167.7
344. 5
198. 8
'r 287. 5
197. 7
309. 8
196.9
150. 9
100.6
181.3
159.6
102. 6
130. 9
136.2
96. 8
86.7
106. 6
103.7
62. 6
81.3
103. 8
51.3
46.9
86.9
48.8
55.9
107. 6
133. 3
71.5
91.8
258. 4
160.7
109.0
248.3
176. 7
112.2
*. 205 8
159.4
113.7
223. 8
172.9
477.0
. 144
520. 3
. 145
495. 7
.151
446.9
.156
357. 6
.155
286. 2
. 151
200. 0
.153
216. 8
.145
322. 6
.148
389.6
.156
425.8
r
. 159
46. 3
64.2
3. 35
45. 6
54.4
3. 28
40.5
27 8
3.36
30.4
20.0
3.43
32. 9
21.7
3.19
21.9
33.0
3.01
31.9
30. 7
3.11
60. 5
70.0
2.98
63.2
108.0
2.88
53.6
99.7
2.76
36.3
103.8
2.82
|
46.5 !!
100.3
2. S7 |
32.9
26.7
32.5
27.7
29. 5
30.1
21.7
34.0
23. 8
35.0
15.8
32.4
21.7
34.7
43.0
31.3
45.0
31.7
38.6
25.8
26.1
25. 5
33.3
20.4
163. 3
.139
161.2
.135
151.2
.131
123. 9
.132
89. 5
.132
74.6
. 129
61.2
.132
71.0
. 12(5
80.6
.124
92.9
. 123
96.9
104.3
r. 125
». I2'n
919.9 1,039.8
2, 437. 5 1.922.6
992.8
1,620.2
995. 9
1 , 405. 4
939 8
1 , 291 . 5
941.3
1,016.3
962. 0
597. 0
806. 2
494.7
1,066.9 1,102.2
2, 974. 5 3.671.7
1,130.7
3, 318. 1
1,149.8
3 298. 5
1,394.6
188.0
1 , ."62. 2
171.8
1, 507. 6 1,513.6
247. 8
269. 8
1 , 443. 2
225. 4
1.441.6
251. 0
1 , 484. 0
182.0
1,239.6
158. 6
1,638.4
183. 4
1,703.2
221. 4
1, 748 6
204.0
1, 7X3.2
200.0
335. 4
287.7
270. 5
379.4
291.4
287. 9
366. 4
273.2
264.6
365. 9
280.9
275.2
348. 6
303. 7
303.6
350. 0
238. 5
245. 5
358. 5
306. 7
303. 0
298.4
264. 3
205. 4
390. 7
271.8
275.3
401. 1
279. 5
263.5
409.8
295. 1
283. 6
418.7 '
326.0 ;!
310.9
541. 2
.115
585. 8
.117
595 9
.121
564. 5
. 125
422.6
.128
450. 5
.131
311.8
.138
307. 5
.129
366. 3
.133
446. 0
. 144
r 469. 0
.143
537.1 i
p. 153 |
25, 452
12, 730
4,694
27. 754
13,115
14, 360
12, 734
23, 437
* 13.007
4, 339
29, 574
14, 783
20, 560
11,325
13,300
5. 070
,< 510
2,780
1 5, 364
5, 272
6, 917
3,175
14,257
5, 237
6, 389
2, 631
15.745
5, 81 1
6,494
3, 440
16,178
6, 103
6. 592
3, 483
1 1 , 790
4, 994
4, 881
1,914
2, 642
3,177
3,667
36, 929
41,355
43, 643
502, 3(;6 •• 623, 796 '571.929
15.156
1,813
666. 9
1 964 3
119. 7 ':
432. 0
3. 02
---
TOBACCO
Loaf:
Stocks, dealers' and manufacturers', end of quarter,
tot°l
mil of Ib
Exports, including scrap and stems
thous. of lb_.
i J , 960
23, 072
14, 675
Mnnufactured products:
13,764
Production, manufactured tobacco, total
do
5, 265
Chewing plug and twist
- _ do. _
5, 833
Smoking
-_
-_ - - - - - - d o _
2, 667
Snuff
do
Consumption (withdrawals):
Cigarettes (small):
2,718
Tax-free
mill ions.
Tax-paid
do ... r 37, 630
C igars (large) . tax-paid
thousnnds- 472, 881
Manufactured tobacco and snuff, tax-paid
thous. of l b _ _ 13, 354
1,442
F \ports cigarettes
millions
r
r
3,246
3, 087
35 381
40, 260
486, 031 rf>3 1,024
13,011
1,490
14,935
1,573
r
14, 054
1,434
15, 543
1,805
r
4, 476
82, 922
37, 771
' 14, 646 13, 335
81, 103
14, 341
81 587
12, 340
4,784
44, 574
15, 597
15, 796
5, 895
6, 722
3, 179
15,113
5, 399
6, 874
2,840
14,910
5,319
6. 709
2,882
14,642
5, 681
6,107
2,853
12,380
4. 824
4, 800
2, 756
14.456 1
5.418
6, 089
2.949
2, 592
35, 667
503, 935
2, 954
44, 622
623, 983
3,221
40, 899
581,540
3.491
39.836
577, 031
3,206
40, 320
671,450
2. 997
33, 793
364, 660
3.083
38 916 I
475.244
11,906
1,622
15, 887
1,449
14, 501
1,706
14,543
1, 939
14, 504
1,989
12,372
13.991
! 9B7
'
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value total 9
thous. of dol
Calf ind kip skins
thous of skins
Cattle hides
thous of hides
Imports:
Value tota 1 9
thous of dol
Sheep and lamb skins
thous of pieces
Goat and kid skins
do
Prices, wholesale (f.o.b. shipping point):
Cnlfskins packer heavy 9^/151b
dol. per lb_FTides steer heavy native over 53 Ib
do
a 5, 056
r
a 165
a 417
7, 874
198
661
6, 941
182
572
4, 997
184
374
6, 043
161
490
5,223
121
459
6.088
134
557
r 6, 284
158
5811
5, 042
142
514
6, 962
248
646
8,793
183
921
7, 100
253
692
5,319
1, 962
1,627
4, 667
1,306
1,678
8, 905
5, 585
1,530
7,945
3, 095
2,291
7, 973
3, 549
1,978
8,029
3,822
2,189
5,947
2, 100
1,413
4, 920
916
1,551
4, 173
1, 573
1,306
4, 955
1, 665
1,288
3, 856
1, 088
1,278
3,936
980
1. 120
.560
.143
.565
.143
.565
.148
.580
.133
.580
.143
.525
.148
.525
.138
.550
.138
. 550
. 133
.575
.128
.600
.138
. 560
.133
LEATHER
Production:
589
535
492
504
496
476
536
332
532
630
617
593
Calf arid whole kip
. _ thous. of skins.
1,743
1,490
1,805
1,836
1,832
1,803
1,946
1, 947
1,911
1,900
1,934
1,822
Cattle hide arid side kip© thous of hides and kips
1,919
1,714
1,844
1,814
1,687
1,622
1, 301
1, 464
1,421
1.381
1,345
1,187
Goat and kid©
thous. of skins
2,669
2,652
2,685
2. 489
2,684
2,350
1,858
2.820
2,479
2, 825
2, 351
2,537
Sheep and lamb©
__
_ _
do
Exports:
2,
033
2,528
2,
806
4,277
3,
007
2,829
2,
725
3,898
1,636
1,889
2,
451
4. 403
Glove and garment leather.
thous. of sq. ft
4,149
4, 050
3, 291
2, 390
3,082
2, 987
3,798
3,960
4, 168
2 687
2,952
3, 875
E pper and lining leather
do
Prices, wholesale:
.713
.730
.720
.680
.700
.683
.727
.717
. 603
.747
.687
.673
Sole bends li^ht f o b tannery
dol. per Ib
Upper, chrome calf , B and C grades, f.o.b. tannery
1.313
1.317
1.317
1.327
1.333
1.303
1.298
1.303
1.313 * 1.353
1.323
1.333
dol. per SQ. ft_.
r
l
Revised.
* Preliminary.
December 1 estimate of 1900 crop.
JFor 1958 revisions, see Census report, "Fats and Oils, 1958" (Series M28-1-08)
cf Production of refined oils covers only once-refined oils (alkali rerun
*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.
©Revisions for January-March 1959 (also for 1958 for sheep and lamb) will be shown later.
° Revisions for July 1959: Hides and skins exports, total value (thous. dol.), 5,610; calf and kip skins (thous. skins), 150; cattle hides (thous. hides), 314.
* 575
P. 118
p
. 076
>' 1.374
_ _ _
SURVEY OF CURRENT BUSINESS
March llK'il
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-31
19 iO
February
January
March
April
May
June
19 61
July
DecemAugust SeptemOctober November
ber
ber
January
February
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers:^
Production, total
thons. of pairs.. r 52, 587
Shoes, sandals, and play shoes, except athletic, T
47, 884
total
thous. of pairs
By kinds:
r
9, 031
Men's
do
r
2, 285
Youths' and boys'
do
r
26
251
Women's
do
T
6, 975
Misses' and children's
do
r
3, 342
Infants' and babies'
__
do
Slippers for housewear
_
do
\thletic
do
Other footwear. ...
. ...
do
Exports
do
Prices, wholesale, f.o.b. factory:
Men's and boys' oxfords, dress, elk or side tipper,
Goodyear welt
1947-49—100
Women's oxfords, elk side upper, Goodvear welt
1947-49=100
Women's pumps, low-medium quality
do
r
53, 403
57, 861
48, 756
48, 595
49, 902
43,413
58, 108
48, 776
47, 452
45, 666
f
42, 901
50, 659
r
38 251
46 809
8 026
1,838
19 848
5, 544
2, 995
8 345
2, 105
26 193
6 856
3,310
48, 150
51, 408
42. 820
42, 320
42, 934
37 841
49 260
40, 603
38 532
36 955
8, 596
2, 195
26, 949
6,921
3,489
9, 796
2,278
28, 733
6,921
3,680
8, 660
1,918
24. 069
5 226
2,947
8, 91 4
2,010
22, 799
5. 602
2, 995
9, 039
2.112
23, 172
5,733
2,878
6 977
2,145
21 135
5.440
2,144
9 437
2,408
26 902
7 303
3, 210
8 521
2,026
21 069
6, 055
2,932
8 433
1,907
19 666
5 547
2,979
7 952
1 , 683
18 870
5. 407
3,043
4. 452
504
297
185
5, 461
602
390
252
5,100
542
294
235
5, 355
589
331
174
5,802
649
517
147
4.832
368
372
155
7,809
518
521
245
7,189
506
478
217
7,916
540
464
241
7, 706
528
477
210
137. 4
137.4
137.4
135 7
133. 5
133 5
133 5
133 5
133 5
133 5
133 5
133 5
T 133 5
146.7
133.7
146.7
133.7
146. 7
133.7
146.7
133.7
146.7
133. 7
146. 7
133. 7
146. 7
133.7
146.7
133.7
146. 7
133.7
146.7
133.7
146. 7
133. 7
146.7
133. 7
p 146. 7
v 133. 7
4,015
473
215
191
T
r
3, 681
476
493
134
3,115
439
296
LUMBER AND MANUFACTURES
LUMBER— ALL TYPES
National Lumber Manufacturers Association:
Production total
mil. bd. ft
Hardwoods
do
Softw r oods
do
Shipments,
total
do
TTardw r oods
do
Softwoods
do
Stocks (cross), mill, end of month, total
Hardwoods
_
Softwoods
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
do
do
do
2,681
554
2,127
2,634
587
2,047
2,924
568
2, 356
2, 798
637
2, 161
3, 096
532
2, 504
2, 959
619
2, 340
3,048
597
2. 451
3, 055
623
2, 432
3.197
617
2. 580
3,187
613
2, 574
3,194
631
2, 563
3,097
581
2, 516
2, 693
611
2,082
2. 605
536
2, 069
3, 175
601
2, 574
3. 035
560
2,475
2. 973
'577
2. 396
2,867
536
2, 331
2,801
623
2,178
2,684
562
2,122
2, 545
575
1.970
2.447
528
1,919
2, 250
431
1,819
2, 331
423
1 , 90S
2,263
400
1,863
2,271
410
1 , 861
9,657
3, 810
5, 847
9, 800
3,741
6, 059
9,937
3, 654
6, 283
9, 944
3, 628
6,316
9, 954
3, 632
G, 322
10, 050
3,682
6, 368
9, 902
3. 757
6, 1 45
10, 036
3,798
6,238
10, 142
3, 840
6, 302
10, 254
3,901
6, 353
10. 370
3, 949
6. 421
10. 279
3.92!
6. 358
10,243
3,911
6, 332
68, 899
63, 912
367, 1 36 370, 988
74, 185
345, 196
69, 322
331, 708
61 . 855
312,168
69, 354
257, 600
__M bd. ft._ 64, 823
214, 421
. .
do
r
60, 041
89,174
83, 843 83, 094
71,578
305, 529 -"325,939 '305,895 * 377, 874 Ml 6, 092
566
666
650
603
1,034
687
704
724
649
1, 126
661
656
793
710
1,209
663
633
709
686
1,245
662
531
717
764
1,197
Exports, total sawmill products..
M bd. f t _ _ 32,176
18,252
Sawed timber
_
do
13, 924
Boards, planks, scantlings, etc
do
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
83. 456
dol. per M bd. ft
Flooring, C and better, F. G., I" x 4", R. L.
dol. per M bd. ft_. 131. 688
Southerri pine:
541
Orders, new . ._
mil. bd. ft
200
Orders, unfilled, end of month
do
570
Production. .
_
do
520
Shipments
do
Stocks (gross), mill and concentration yards, end of
1,856
month
mil bd ft
7, 649
Exports, total sawmill products
M bd ft
Sawed timber . _ .
do
1,247
6, 402
Boards, planks, scantlings, etc _
do
Prices, wholesale, (indexes) :J
Boards, No. 2 and better, 1" x 6", R. L.
119.6
1947-49=100..
Flooring, B and better, F. G., 1" x 4", S. L.
95.5
1947-49= 100_.
Western pine:
613
Orders, new
.
mil. bd. ft
404
Orders, unfilled, end of month
do
579
Production
do
628
Shipments
do
Stocks (gross), mill, end of month
do
2,004
Price, wholesale, Ponderosa, boards, No. 3, 1" x 12",
R. L. (6' and over)§
dol. per M bd. f t _ . 76. 060
25,615
14, 827
10, 788
31,722
17,271
14,451
36, 531
19, 628
16, 903
43, 673
28, 005
15, 668
83. 193
82. 503
80. 405
80. 757
80. 235
80. 057
79.046
'132.563 131. 717
130.919
131. 186
129.819
129.734
128. 679
mil. bd ft
do
do
do
do...
675
488
669
718
1,148
601
519
532
571
1.109
685
491
719
712
1,111
615
447
657
660
1, 108
583
434
599
596
1,105
586
444
575
575
1,122
545
421
532
568
1,080,
548
422
604
538
1,133
37, 889
31,587
18, 376 rr 18, 724
19, 513
12, 863
24, 576
11,847
12, 729
33, 460
13, 709
19, 751
29,135
12,880
16. 255
25, 912
1 1 , 778
14.134
28, 408
1 6, 425
11,983
24, 422
12,215
12, 207
83. 536
83. 193
133. 084
133. 084
502
182
576
520
587
2(01
030
568
639
216
641
624
634
221
666
629
642
208
699
655
542
203
574
547
601
198
603
606
587
174
608
611
167
600)
584
533
162
584
538
459
165
458
456
493
196
464
462
1,912
7,231
1,557
5,674
1, 974
6, 420
1,020
4, 800
1,991
10, 069
1,678
8, 391
2. 028
8, 055
2. 777
5, 278
2, 072
9, 123
2, 136
6, 987
2, 009
11,OOH
3, 643
7, 360
2, 096
8, 545
2,810
5, 735
2, 093
6, 426
1,273
5, 153
2, 115
7,042
2, 375
4, 667
2, 161
6, 130,
903
5. 233
2, 1 0,3
5, 833
1,521
4,312
2, 1 65
4, 725
686
4,039
118.2
117.2
117.5
1 16. 3
114.8
113.2
111.4
110.3
108.9
107.2
107. I
P 105.5
95.4
95.4
95. 4
95.1
94.9
94. 1
93.9
93.6
93.6
93.4
93.4
p 92. 6
651
376
699
670
2, 033
718
391
758
702
2,089
740
367
758
765
2,082
819
370
841
815
2, 108
735
339
829
767
2,170
703
378
691
664
1,960
771
364
871
785
2, 046
709
348
644
322
684
670
2, 116
545
308
563
500
2 119
0)07
332
542
5S3
2, 078
572
342
494
562
2 010
78. 420
79. 680
79. 720
79. 990
78. 620
75. 950
72.280
69. 650
69. 560
3, 575
11, 500
2, 950
2, 800
10, 375
2, 675
11,550
2, 825
2, 675
10, 575
3, 625
11,800
3, 350
2, 900
10, 900
3,150
12, 350
2, 925
2, 725
11, 125
3, 300
12, 325
3, 000
3, 300
11,050
4,075
12, 050
3,200
4, 250
10, 000
3, 925
12,550
2,175
3. 000
9,275
3, 650
12, 050
3, 350
4,100
8, 525
2. 550
11,200
3, 225
3, 400
8, 300
2, 500
10, 200
3,000
3, 050
8, 250
2, 950
10, 475
3, 125
2, 700
8, 650
!()', 550
2, 800
2, 0-25
8, 850
2, 950
10, 950
2, 900
2 500
9. 300
81, 169
47, 384
73, 631
71,925
85, 683
72, 509
48, 651
72, 509
69, 294
87, 675
71, 514
48. 270
78, 715
71,889
94, 501
69, 689
47, 370
74, 689
73, 007
96, 183
64, 087
38, 935
77, 655
72, 522
101. 316
72, 107
34, 901
76, 499
79, 498
98, 317
0,4, 029
35, 952
64, 001
63, 796
96, 267
81, 136
38, 170
78, 298
78, 917
93, 902
72.246
84, 858
76. 248
75, 726
92, 307
65, 882
32,517
74, 340
70, 894
94, 590
59, 585
29, 014
0)9, 970
65, 148
99, 172
53,501
26, 382
62, 376
54, 772
106, 776
57, 261
27, 891
62, 740
56, 850
112,666
726
2, 102
69. 670
78. 369
r 78. 810 p 77. 707
1 28. 246 '•127.400 "127. 400
r 68. 750 v 70. 132
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
OakOrders, new
do
Orders, unfilled, end of month
do
Production
__ .
_ do. .
Shipments
do
Stocks (gross), mill, end of month .
do
Plywood (except container and packaging), qtrly. total:
Shipments (market)
M sq. ft., surface measure..
235. 260
217,327
207, 954
C
195, 116
-•Revised.
^Preliminary
« Corrected.
1 Not entirely comparable with data prior to month noted.
1 Revisions will be shown later as follows: Shoes and slippers, production
(19."s-September 1959); lumber, exports and imports (1959).
t Effective with the July 1960 SURVEY, price indexes replace actual prices; data for January 1947-April 1960 will be shown.
later.
§ Not comparable with data through 1958 which cover a different specification.
SURVEY OF CURRENT BUSINESS
S-32
Tnless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
March
1960
January
February
March
April
May
1 June
1
1961
DecemOctober NovemAugust September
ber
ber
July
Janu-
Febru-
ary
ary
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excluding advanced manufactures and ferroalloys):
Exports, total+9 ! _
thous. of short tons..
Steel mill products*!
do
Scrap!
do
Imports totalf9!
Steel mill products*!
Scrap
-
do
do
do
'543
- 157
-369
636
168
459
-760
203
-547
-757
235
-513
- 1,003
-318
-675
- 1,012
-383
-621
-741
331
M01
- 1, 194
328
-860
907
228
655
953
231
683
1,009
234
733
771
162
571
-518
-471
10
507
471
11
-501
-463
-9
391
331
16
318
272
10
301
213
14
238
177
15
247
184
10
295
207
12
265
180
8
236
199
8
228
189
15
7,411
4,465
2,946
7,871
9,540
7,259
4,221
3,037
7,256
9, 545
7,173
4,366
2,808
7,437
9,278
6,270
3,825
2,445
6,279
9,270
5,847
3,523
2,324
5, 642
9,475
5,181
3,181
1,999
4,994
9,661
4. 150
2, 555
1,595
4,120
9,700
4,650
2,852
1,798
4,724
9,629
4,536
2,736
1,800
4,646
9,514
4,896
2,829
2, 066
4,901
9,513
4,370
2,645
1,725
4,413
9,472
- 3. 959
- 2, 408
- 1, 551
- 4, 187
- 9, 252
4,041
1,926
- 2. 369
4, 017
1,779
- 2, 503
4,502
1,922
-2,216
7,440
6,873
- 2, 338
11,873
13, 349
-3.714
11, 645
12, 816
-4,215
10, 343
12, 523
- 3, 742
10, 934
10, 876
- 4, 293
8,789
9, 252
3,070
6,423
7,426
2,593
3,959
3,783
2.011
3,672
1,142
1, 527
- 4, 644
11,856
70
- 66, 970
10,839
-49,411
6,720
4,431
11,337
34
61, 470
13, 073
42, 483
5,914
4,299
11,788
100
55, 777
1 5, 320
34, 994
5,463
8,084
10, 433
169
53, 235
15, 891
32, 645
4, 699
15, 926
9, 740
557
57, 673
14.418
38. 830
4, 425
16, 293
8,060
824
65, 016
13, 249
47, 097
4, 670
15, 705
7,014
788
72, 297
11,079
55, 787
5, 431
13, 894
6,729
1,162
80, 050
11,148
62, 953
5, 949
11,049
6, 356
849
84, 816
10, 687
67, 645
6, 484
9,906
6,694
466
86, 252
8, 579
70, 857
6, 816
5, 867
6, 362
126
85, 860
8,755
70, 362
6,743
2,660
5,895
89
85, 237
11.282
67,116
6,839
73
115
111
87
66
154
103
- 100
- 109
85
89
94
7,754
7,857
7,342
7,392
7,714
7,694
6, 760
6, 556
6, 331
6,123
5, 261
5,255
4,480
4,405
4,470
4, 616
4,108
4,274
4,473
4, 500
4,138
4,116
3, 841
- 3. 838
4.039
P 4. 124
Iron and Steel Scrap
Production and receipts, total
thous. of short tons _
TTome scrap produced
do
Purchased scrap received (net)
do
Consumption total
do
Stocks consumers' end of month
do
p 4. 161
P 2. 521
v 1,640
P 4, 543
P 8. 875
Ore
Iron ore (operations in all U.S. districts):
Mine production
thous of long tons
Shipments from mines
do
Imports!
do
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
Consumption at iron and steel plants
Exports^
Stocks total end of month
At mines
\t furnace yards
At U S docks
.
do
do
do
do
do
do
do
Manganese (manganese content), general imports!
thous. of long tons_.
2, 602
6,218
63. ,500
6.888
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..
P rices:
Composite
....
dol. per long ton..
Basic (furnace)
do
Foundry No 2 Northern
do
Castings, grav iron: 0
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
2,966
2,973
3, 051
3, 269
3, 537
3, 644
3,758
3. 696
3,617
3, 659
3,710
- 3, 770
P 3. 680
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
f>5. 95
66. 00
66. 50
65. 95
66. 00
66. 50
65. 95
66. 00
66.50
65. 95
(if). 00
66. 50
65. 95
66.00
66.50
65.95
66.00
66. 50
65. 95
66. 00
66. 50
65. 95
P 66. 00
P 66. 50
65.95
854
1,136
592
857
1,108
571
882
1,143
600
836
1,051
581
782
1,053
589
720
1,050
602
755
803
451
713
859
540
695
900
527
647
905
500
569
836
455
553
749
395
100
83
46
98
83
47
85
86
50
79
71
39
73
69
38
64
73
43
74
50
29
70
59
37
69
63
36
57
64
35
56
63
35
57
32
12, 049
146.1
11,127
144.2
11, 565
140.2
9,778
122. 5
8,830
107. 0
7, 405
92.7
6. 351
77.0
6,838
82.9
6, 458
80.9
6,868
83.3
6,172
77.3
5,840
70.8
-6.416
77.8
* 6. 233
P83. 6
123
94
129
98
144
110
97
127
97
137
107
90
67
102
77
104
80
103
80
100
78
108
87
420.1
122.6
93.6
398.3
129.8
100.1
356.2
137.9
107.8
325. 0
116.7
89.7
312.5
110.3
85.1
295.2
110.1
82.0
295.3
79.3
57.9
299.0
88.3
63.0
301.7
94.0
68.8
277.1
97.4
72.9
264.8
92.6
66. 6
- 268. 2
-89.6
-64.0
Steel, Crude and Semimanufactures
Steel ingots and steel for castings:
Production
thous. of short tons..
Index
1957-59=100
Stool castings:
Shipments total
thous of short tons
For sile total
do
Steel forgings (for sale) :
Orders unfilled end of month
do
Shipments total
do
Drop and upset
_
do
Prices:
Composite finished steel (carbon)
dol. per Ib
Steel billets, rerolling, carbon, f.o.b. mill
dol. per short ton__
Structural shapes (carbon), f.o.b. mill
dol. per Ib.
Steel scrap, No. 1 heavy melting:
Composite (5 markets) §
dol per long ton
Pittsburgh district
do
289. 2
100. 3
69.5
.0698
.0698
.0698
.0698
.0698
. 0698
.0698
.0698
. 0698
. 0698
.0698
.0698
. 0698
95. 00
.0617
95.00
.0617
95.00
.0617
95. 00
. 061 7
95.00
.0617
95. 00
. 0017
95.00
.0617
95. 00
.0617
95. 00
. (HV17
95. 00
.0617
95.00
. 0617
95. 00
.0617
P 95. 00
P. 0617
41.41
43.00
40.04
43.00
34. 16
36.00
33.88
35.00
32.97
33. 50
31. 12
31. 00
31.28
30.50
32.20
30.50
31.87
30. 50
29. 52
28.50
28. 33
27.00
28.66
27.00
P31.54
P 30. 00
1,796
1,808
1,616
1,424
1,871
1 . 700
1,798
1,714
1,715
1,893
1,702
1 . 986
1,681
1,762
1,619
1,892
1, 607
1,847
1, 378
1,715
1.295
1,711
1,234
1,604
301
181
251
1, 435
21,904
288
171
237
1,470
22, 381
330
184
273
1,696
24, 302
363
209
300
1,496
23, 542
408
232
345
1,597
29, 926
424
230
363
1,619
32, 199
453
275
399
1,368
25, 174
601
409
535
1,693
24, 952
553
390
484
1, 561
23, 609
416
272
358
1,495
20, 486
318
188
272
1,412
15. 419
346
196
299
1,229
15, 550
. 0698
Steel, Manufactured Products
Barrels and drums, steel, heavy types (for sale):
Orders unfilled end of month
thousands
Shipments
do
Cans, metal, shipments (in terms of steel consumed),
total for sale and own use.._thous. of short tonsFood®
do
Shipments for sale
do
Closures (for glass containers), production
millionsCrowns, production
.thousand gross.
Steel products, net shipments:
4.983
4,944
6, 272
5, 072
4.516
4,116
4. 538
5,921
4,711
7,966
6, 742
8.430
7,583
Total (all grades)
thous of short tons
179
184
219
180
176
188
183
166
174
239
374
414
351
Semifinished products
do
324
367
320
457
321
348
397
308
574
517
447
619
562
Structural shapes (heavy) steel piling
do
529
373
405
388
354
370
378
484
378
624
776
755
727
Plates
do
58
51
50
46
64
91
76
153
133
149
148
170
139
Rails and accessories
do
r
Revised.
*> Preliminary,
t Revised (beginning in the February 1960 SURVEY) to include} certain nletal man ufactures classified by the ind us try as s teel mill [>roducts b ut former ly omitte I from the total she wn here;
see note marked "*".
9 Includes data not shown separately.
*New series (from Bureau of the Census). Data beginning j£inuary 19 59 revised (in the A pril 1960 SURVEY) tc) include e xports of secondary tinplate. Revisioris for 1958 for total and steel
(DRevisioris for 1958 -59 are av ailable up on request.
mill products exports and imports are shown in the March 1960 Si[JRVEY (b()ttom p. S -32).
t Scattered revisions for 1957-59 are available upon request.
§ Represents the weighted average of consumers' buying pr ices (incl Liding bro kerage), ( lelivered, at follow ing mark ^ts: Pittsl•>urgh dist rict, Chi ?ago. Phi adelphia, Binning' lam, and
San Francisco.
©Excludes shipments of food cans of the pressure-pack ing type; such type s are inchjded in to tal shipm ents.
March 1961
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
SURVEY OF CURRENT BUSINESS
S-33
1960
January
February
March
April
May
June
1961
July
August
Septem- October Novem- December
ber
ber
January
February
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel, Manufactured Products— Continued
Steel products, net shipments— Continued
1,214
1, 245
803
993
Bars and tool steel, total
thous. of short tons__
623
861
1,157
772
806
621
669
768
730
879
842
883
679
Bars* Hot rolled (incl. light shapes)
-do
362
541
479
487
453
392
465
436
464
140
145
185
Reinforcing
do
210
162
192
229
183
141
223
176
208
148
176
172
74
106
166
143
Cold
finished
do
84
91
120
75
88
86
85
914
698
610
515
576
765
Pipe and tubing
do
559
586
483
543
489
432
407
372
275
215
306
247
195
Wire and wire products
do
224
246
244
243
182
197
204
588
635
654
528
559
581
425
555
567
Tin mill products
do
363
308
288
577
3,291
3,332
2,422
3,049
2,806
2, 654
2, 039
1,964
1, 856
Sheets and strip (incl. electrical), total
- do
2, 075
1.695
1,790
1,845
995
942
912
796
440
722
579
581
506
Sheets' Hot rolled
do
585
485
450
500
1,592
1,608
1,379
1,319
1,447
Cold rolled
-do ._
994
977
1,004
1,026
1,357
866
872
906
Fabricated structural steel:
221
289
343
345
262
270
268
Orders, new (net)
thous. of short tons..
222
220
260
272
270
240
209
241
277
287
301
333
314
332
324
285
Shipments
do
246
232
289
2,116
2,364
2,189
2,401
2,219
2,114
2,203
2,064
Backlog end of month
- do
2,028
2,058
2,237
2, 098
2,016
NONFERROUS METALS AND PRODUCTS
Alrnninum:
164.0
171.4
156.8
170.7
168.6
Production, primary, domestic. thous. of short tons _
162.9
173.0
177.6
175.9
165. 5
167.0
161.4
161.2
43.0
41.0
40.0
36.0
31.0
F^timated recovery from scrap/\
do
32.0
31.0
33.0
33.0
28.0
29.0
29.0
Tin ports (general):
12.0
15.2
10.6
16.8
7.6
16.1
14.4
12.9
10.5
11.1
11.3
Metal and alloys crudej
do
14.4
3.4
3.4
3.3
3.5
3.4
3.2
2.0
3.4
2.6
'3.0
2.7
Plates, sheets, etc.t
do
2.7
Stocks, primary (at reduction plants), end of month
127.5
115.0
139.1
248.4
203.6
170.0
225.9
117.1
thous. of short tons__
148.6
259.5
291.4
211.7
257. 1
.2810
.2810
.2600
.2810 * . 2600
.2810
.2810
.2810
.2600
. 2810
Price, primary ingot, 99.5%+O
dol. per lb__
.2600
.2600
1.2600
.2600
Aluminum shipments:
358.9
411.2
433.1
366. 4
372.5
426.4
370.3
377.4
398.4
Mill products and pig and ingot (net) t--.mil. of lb_.
423. 1
355.5
369.7
O7g
Q
250.0
267.1
256. 0
247.4
246.9
262.0
253.3
253.1
272.3
225.3
Mill products, total
__do _ .
236.8
131.3
144.1
ISO'. 4
128.9
134.0
143. 0
135.8
133.6
120.6
140. 3
147.3
Plate and sheet
do
127. 8
68.2
62.1
72.2
61.8
58.8
60.1
71.7
63.8
45.7
62.2
60.3
63.4
Castings^
do
Copper:
Production:
96.3
75.2
97.7
47.5
97.5
95.2
100.5
86.3
98.4
90.9
99.1
Mine, recoverable copper
thous. of short tons..
98.5
98.2
78.9
132.4
124. 7
144.9
128.2
142.7
85.9
139.4
135.6
133.3
127.4
140.9
Refinery primary
do
131.9
45.5
105.2
93.4
88.3
108.1
109.0
64.3
101.6
101.0
97.3
107.9
89.3
From domestic ores
do_ __
99.6
33.5
27.2
35.9
36.4
34.8
38.4
34.5
38.3
21.6
33.0
31.7
38.1
From foreign ores
do
32.3
22.8
19.9
23.4
22.2
24.6
23.0
24.8
25.8
25.6
21.3
21.8
24.7
Secondary recovered as refined
do
20.5
Imports (general):
52.8
44.0
63.7
47.5
48.3
55.2
34.7
52.6
36.3
'32.3
61.9
'29.7
Refined unrefined, scrap©J
_ _. _ do
26.7
34.1
18.0
7.7
10.1
6.6
7.5
22.6
9.0
6.8
6.2
'7.0
6.0
7.1
Refined
- do
Exports:
34.7
17.0
29.4
60.5
78.4
64.5
64.2
57.8
46.2
54.7
63.5
63.0
Refined scrap brass and bronze ingots
do
47.2
21.2
11.3
37.2
45. 0
38.8
42.9
58.7
19.0
31.3
50.8
47.0
50.0
Refined
do
30.5
139.4
125.8 '114.0 ' 108. 9 ' 108. 8 ' 100. 0
122.2
111.0
120.8
121.2
114.6
71.7
116.4
Consumption refined (by mills, etc.)
do
187.6
127.3
155.4
122.5
198.0
196.8
119.4
206.4 ' 219. 0 ' 228. 0 v 228. 8
157.1
174. 1
Stocks refined, end of month, total
do. _
80.3
112.8
75.8
76.3
110.2
117.2
103.5
'99.8 ' 100. 4 ' 100. 2
99.2
100.7
P96.8
Fabricators'
.
- _.
__do__ _
.3261
.3260
. 3260
.3260
.3260
.3260
.3298
.2906
.2860
.3060
.3260
Price, bars, electrolytic (N.Y.)
dol. perlb.. .3365
.2960
.2960
Copper-base mill and foundry products, shipments
(quarterly) :
493
446
482
v 458
Brass mill products
mil. of Ib
386
364
v 377
393
Copper wire mill products©
do
243
196
225
*193
Brass and bronze foundry products
do
Lead:
Production:
20.8
25.5
18.2
18.6
20.2
23.6
20.0
22.9
16.6
20.5
22.6
19.2
Mine recoverable lead
thous of short tons
18.0
38.1
33.5
38.5
37.7
41.0
41.0
37.9
37.8
36.3
41.0
41.3
38.7
Secondary estimated recoverable© t
do
33.4
22.8
'28.1
26.9
'36. 1
24.9
35.7
'26.4
'30.0
'35.6
26.6
Imports (general) ore© metal J
do
26.1
87.5
87.3
76.8
85.1
83.4
77.2
86.9
86.0
90.9
91.1
90.8
Consumption total
do
83.3
Stocks, end of month:
Producers', ore, base bullion, and in process©
143.8
150.9
140.5
137.9
156.0
144.5
135. C
145.1
139.9
125.5
133.0
146.9
(ABMS)
. - -thous. of short tons. . 119.1
Refiners' (primary), refined and antimonial©
134.1
128. 1
117.0
139.5
107.5
156.6
136.5
115.5
116. 5
136.7
thous. of short tons..
151.9
121.3
125.8
120.5
110. 5
128.4
120.1
126.7
127.3
97.2
118.1
126.6
128.2
107.7
C onsumers ' cf
do
42.8
42.7
43.6
39.8
42.4
41.3
45.6
44.0
41.0
38.1
41.8
42.2
Scrap (lead-base, purchased), all consumers. _do
.1200
.1200
.1200
. 1100
.1200
.1200
. 1200
.1200
.1200
.1200
. 1138
.1100
.1200
.1200
Price, pig, desilverized (N.Y.)
dol. perlb..
Tin:
Imports (for consumption) :
1,801
1,001
1,160
766
1,555
1,267
861
929
526
1,226
512
Ore©t
-.long tons.. ' 2, 422
3,262
4, 175
3,410
2, 149
3, 155
3,575
2,872
3, 780
3,620
3, 860
3,108
2,523
Bars pigs etct
do
2,215
1,815
1,800
2,115
1,805
2,020
1,830
1,960
1,725
1,500
2,030
1,860
Estimated recovery from scrap total©
do
290
240
230
230
240
270
255
275
225
245
210
265
A.S metal
do
5,600
5 475
6.030
6,995
7, 685
7,410
7,400
6,520
4 915
7,705
7,280
7,875
Consumption pig total
do
3,290
3, 760
4, 655
5, 310
5, 220
4, 960
4,570
4,635
2,845
4,760
5,190
3,035
Primary
_ _ _
_ do
19
2
103
122
19
194
22
58
39
28
173
79
Exports incl reexports (metal)
do
22, 910
22, 145
20, 650
21, 930
20, 775
22, 445
26, 765
24, 860
20, 370
24, 050
23, 355
22, 790
Stocks pig (industrial) end of month
do
1.0038
1. 0098
1.
0223
1.
0349
.9954
.9924
.
9985
1.0114
1.
0328
1.
0285
1.
0131
1.
0097
1.
0009
1.
0282
Price pig Straits (N Y.) prompt
dol. per lb_
Zinc:
Mine production, recoverable zinc
42.8
27.9
37.4
41.4
35.2
39.7
37.1
38.1
40.9
39.3
30.5
34.0
27.8
thous. of short tons. Imports (general):
30.4
39.2
49.2
'32.8
'36.4
35.5
40.6
'35.7
' 43. 5 '45.2
27.1
'40.7
Ores and concentrates©!);
do
7.9
'7.4
12.2
15.5
11.2
17.3
8.1
6.8
3.7
9.0
9.5
12.1
Metal (slab blocks) t
do
Consumption (recoverable zinc content) :
6.0
8.5
5.6
4.8
6.2
7.3
6.6
5.3
8.2
7.7
7.2
8.1
Ores©
do
19.9
18.2
17.2
18.7
20.8
'17.8
19.6
15.0
21.1
21.0
16.1
17.7
Scrap, all types
do
Slab zinc:
Production (primary smelter), from domestic and
58.7
56.1
59.5
69.4
56.9
69.5
72.8
70.0
71.0
82.3
79.3
74.7
foreign ores
thous of short tons
4.3
3.5
3.9
3.9
3.8
4.4
3.7
3.9
4.0
3.7
3.8
4.5
Secondary (redistilled) production total
do
71.2
67.8
62.2
67.0
73.9
87.4
62.7
55.2
88.1
68.5
86.5
70.5
Consumption, fabricators', total—.
do
4.8
2.4
4.2
5.9
5.6
14.2
9.1
7.6
7.1
4.7
7.8
1.8
Exports J
do
Stocks, end of month:
182.1
144.5
206.4
192.5
200.6
147.9
190.3
207.1
165.0
187.7
137.1
136.6
190.8
215.0
Producers', smelter (AZI)
.do
100.3
66.6
67.5
65.3
74.2
100.2
'69.9
68.3
72.3
85.8
96.9
97.3
Consumers'
do
.1300
.1300
. 1300
.1300
.1248 2.1l53 .1150
.1300
.1300
.1300
.1300
1300
.1300
Price, prime Western (St. Louis)
dol. per lb_.
. 1288
2
tmsed on *ictual ma rket days excludes nominal prices for other day s.
Average
' Revised.
*> Preliminary.
1 See note marked "O".
© Basic metal content.
A Effective with the February 1960 SURIPEY, data include e stimates for nonre]sorting cc mpanies and are e xpressed i n metalli 3 content (including alloying
constituents); aluminum content is about 93 percent of metallic c mtent.
O Effective August 1960, price refers to aluminum formerly c ailed "pro cessed pig " and nov sold as "unalloye d ingot"; January-July 1960 price com parable w ith Augu 3t 1960, $.2600.
§Data for 1958 have been adjusted to industry totals based on the exparj ded sura y of prod ucers intn)duced in January L959; revis ions for 1€ 58 are she wn in the January 1960 SURVEY.
t Revised effective with the February 1960 SURVEY to include inonthly e stimate of lead reco\rered from nonrepor tine secon dary smel ters and 1(?ad recovc?red from copper-Inise scrap; revisions
for 1958 are shown in the February 1960 SURVEY.
cT Consumer s' and secondary snlelters' st<3cks of lea d in refin iry shapes5 and in cc)pper-base scrap.
J Scattered revisions for 1957-59 are available upon request.
SUEVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
March 1961
19 50
January
February
March
April
June
May
19 SI
July
DecemAugust SeptemOctober November
ber
ber
January
February
METALS AND MANUFACTURES—Continued
HEATING EQUIPMENT, EXCEPT ELECTRIC
Radiators and con vectors, cast iron:
Shipments
mil of sq. ft. of radiation
Stocks end of month
_ __do
Oil burners: A
Shipments
thousands
Stocks end of month
do
Stoves and ranges, domestic cooking, incl. built-ins: Acf
Shipments total
thousands
Ooal and wood
do
Gas (incl bungalow and combination) cf
do
Stoves domestic heating shipments totalAt
C^oal and wood
Gasf
-
do
do
do --
IVarm-air furnaces (forced-air and gravity air-flow),
shipments totalAt
thousands
Gas
do
Oil
do
Solid fuel
do
"W^ater heaters gas shipments
do
1.2
3.5
1.4
3.7
1.5
4.2
1.2
4.6
1.2
4.9
1.5
5.0
1.3
4.3
1.8
3.8
2.1
3.4
1.9
2.8
1.5
2.7
1.0
2.8
36.8
43.1
39.2
48.0
35.4
55.2
34.6
61.6
36.6
69.1
46.9
65.8
34.9
66.4
46.6
58.2
64.6
49.4
64.6
45.1
40.3
41.6
29.2
44.2
164 9
152.6
174.4
3.4
3.3
3.6
4.4
4.7
156.4
105.9
162.8
178.7
169.3
144. 5
117. 9
5.5
4.4
166.8
2.5
171.9
144. 6
4.2
158.6
72.0
78.2
5.4
7.7
41.5
25 1
45.1
25 4
113.0
13.7
70.8
28 6
110.5
16.3
61.3
32 8
116.5
21.0
69. 8
25 8
186.7
24.4
116.0
46.3
208.6
25.0
142.9
40.7
253.6
36.7
167.4
49.5
246.7
44.6
150.5
51.6
262. 1
45.1
171.6
45.4
172.3
27.7
131.1
31 4
85.6
10.1
47.3
28.2
78.3
61.7
15.2
79.9
63.2
15.3
82.8
66.7
14.7
86.8
70.2
15.6
88.5
70.5
16.7
107.4
86.6
18.9
99.2
78.1
18.7
132.0
101.9
26.5
147.5
109.4
33.7
139.7
104.2
31.5
99.9
76.8
20.8
73.3
59.2
13.0
202.1
201.6
230.8
203.2
192. 7
237.9
240.7
262.1
212.5
179.5
161.3
3.3
133.5
1.3
2.9
3.1
1.4
1.4
3.0
1.0
3.6
4.2
1.9
1.3
2.4
4.4
3.6
4.0
1.1
2.3
MACHINERY AND APPARATUS
Blowers, fans, and unit heaters, quarterly totals:
Foundry equipment (new), new orders, net
monthly average shipments 1947 49 — 100
Furnaces, industrial, new orders, net:
Flectric processing
mil. of dol
Fuel fired (exceDt for hot rolling steel)
do
Industrial trucks (electric), shipments:
IT and (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
do_ _ _
Fstimated backlog (metal-cutting only)
months
164.8
80.0
92.4
158.1
81. 7
106 5
101.2
6.9
1.3
3.1
1.1
1.0
1.5
1.2
1.1
4.4
1.2
1.7
1.2
3.5
.8
2.1
1.2
.4
564
481
512
484
468
496
507
523
499
502
347
370
465
508
394
506
374
463
342
449
2,091
2,722
2,118
1,968
2,087
1,523
1,624
1,867
1,569
1, 655
1, 628
60. 60
46.50
51.95
44. 65
61. 95
47.60
64. 50
54. 95
51.85
40.30
55.10
45.05
49.95
32.40
56. 35
44. 75
55. 10
35.75
63.10
51.00
42.95
28.35
51.30
41.40
56.85
42.50
47.90
37.70
52.30
31.85
53.95
40.25
56.20
42.65
51.35
35.40
49.95
34.45
48.55
32.30
'59.00
' 35. 60
r
61. 35
r 40. 95
-•4.3
159. 9
2.0
2.2
1.1
5.6
533
426
532
432
1,773
56.45
45.05
46.40
40.65
4.8
4.5
97 9
r
4.5
4.0
4.3
r
' i T270. 1
86 9
16.3
Tractor shovel loaders, integral units only (wheel
and traoklaying types)
mil of dol
Farm machines and equipment (selected types),
r
7.0
34.0
23.3
159. 0
128 6
1.4
2.2
5.0
35.0
21.7
1.1
95.5
Other machinery and equipment, quarterly shipments:
Construction machinery (selected types), total J 9
mil of do!
i actors, t ac J yi g , t c ^_
Tractors, wheel (excl. garden and contractors' offhighway types)
mil of dol
Pumps (steam, power, centrifugal, and rotary), new
orders
mil of dol
42.8
20.3
36.5
20.1
3.9
4.1
4.3
4.3
4.4
' 223. 2
59.7
•• 15.6
308. 0
79.9
23.9
r
54.4
66.2
58.8
227.3
234.4
167.1
117.5
'74.3
52.0
175.4
48 1
9 3
.8
4.5
P 55. 15
p 37. 00
p 45. 85
p 31. 40
p 4. 4
2
17 1
2
43 0
44.4
5
107. 0
97.3
7.6
7.3
6.8
6.7
8.3
6.8
1,641
1,877
1, 545
1.650
2,072
2,131
2,550
2,708
2,834
2,634
«• 2, 822
2, 755
143.2
143.3
156.4
148. 6
127.0
145.7
117.6
127.5
126.2
122.3
102.1
96.8
122.4
64.8
142.8
89.5
127.9
91.5
118.4
87.9
113.5
' 106. 5
109.4
99.2
245.8
265. 6
278.4
339. 9
277.0
243.9
305.6
235.8
1 ,667. 6 1, 230. 3 1,277.0 31,551.5
442.2 3518.9
3 549. 5
422.6
223.0
217.7
890.4
268.9
280.6
296.5
1,048.4
462.3
72.9
87.6
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), shipments
1,865
thousands
Household electrical appliances:
Ranges (incl. built-ins), domestic and export sales
115.0
thousands
117.0
Refrigerators and home freezers, output* 1957=100
Vacuum cleaners (standard type), sales billed
258.3
thousands
254.6
Washers, sales billed (domestic and export) O do
1,355.8
Radio sets production!
do
526.5
Television sets (incl. combination), prod.§
_ do _ _
Electronic tubes and semiconductors, factory sales
80.6
mil of dol
Insulating materials and related products:
Insulating materials, sales billed, index
146
1947-49=100
Steel conduit (rigid), shipments
thous. of ft_- 42, 211
Motors and generators, quarterly:
New orders, index
1947-49=100
Polyphase induction motors, 1-200 hp:
New orders gross
thous of dol
Billings
do
Direct current motors and generators, 1-200 hp:
New orders gross
thous of dol
Billings
do
f
294.5
283.6
1,442. 4
503.5
81.5
149
32, 463
3
91.8
168
20, 505
77.4
78.0
88.0
140
134
152
18, 808
23, 976
27,717
101
24, 562
131
* 26, 815
3
301.9
352.7
1,945. 1
3 678. 9
91.0
290.1
280.6
305. 8
275.3
1. 727. 6 1,468.8
500.0
429.8
85.0
79.9
142
124
28, 410
123
28, 707
23, 620
3
254.6
242.5
223.5
228.9
1,521.7 r 1, 090. 1 *1,112. 6
3 405. 5 r 367. 9 P 442. 7
77.2
71.9
18, 274
22, 597
180
176
158
43, 151
41, 921
44. {Wl
44, 700
39, 958
40, 489
35 070
35 935
6. 768
7 6f5
6,648
5,956
5 966
5 669
8,111
6 975
T
2
3
Revised.
» Preliminary.
1 See note "t".
Data are for month shown.
Represents 5-weeks' production.
* Beginning August 1960, data cover shipments for one additional
company.
« Revised 4th quarter 1959, $147,800,000.
ABeginning January 1959, industry estimates are based on revised inflating factors and are not strictly comparable with earlier data.
cf Includes data for built-in gas-fired oven-broiler units; shipments of cooking tops, not included in figures above totaled 26,000 and 23, 700 units (4-burner equivalent) in November arid
December 1960, respectively.
tRevisions for gas heating stoves (January 1958-May 1959) and warm-air furnaces (January 1957-May 1959) are available upon request.
{Data beginning 1st quarter 1960 for construction machinery are not strictly comparable with data for earlier periods. Quarterly shipments for 1959 have been adjusted, insofar
as possible, to cover comparable items included beginning 1960. Revisions for 1st and 2d quarters 1959 are shown in the September 1960 SURVEY; revisions for 1958 will be shown later.
*New series (from Board of Governors of the Federal Reserve System}', monthly data for 1947-1958 are available upon request.
9 Includes data not shown separately.
OData exclude sales of combination washer-dryer machines; such sales (excluding exports) totaled 6,400 units in January 1961.
§Radio production comprises home, portable battery, automobile, and clock models; television sets include combination models. Data for March, June, September and December 1960
cover 5 weeks; all other months, 4 weeks. ©Revisions for 1958 are in the April 1960 SURVEY.
SURVEY OF CURRENT BUSINESS
March 1961
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-35
1960
January
February
March
April
May
June
1961
July
August SeptemOctober November
ber
December
February
January
PETROLEUM, COAL, AND PRODUCTS
COAL
\nthracite:
Production
thous. of short tons
1,634
378
Stocks in producers' storage yards, end of mo do
Exports
_
_ _ _ _.
do
101
Prices:
28.18
Retail, stove, composite
dol. per short ton_14. 651
Wholesale chestnut, f o b oar at mine
- do _
Bituminous:
Production
thous. of short tons - r 36, 435
Industrial consumption and retail deliveries, total 9
thous. of short tons-- 38, 155
15, 865
Electric power utilities
do
263
Railroads (class I)
do _ _
17, 962
Manufacturing and mining industries, total_-do
8,891
Coke plants (oven and beehive) - do _-
1,579
366
105
1,680
294
90
1,231
283
110
1,262
333
60
1,437
317
154
1,140
290
85
1,637
336
137
1,518
339
149
1,612
319
154
1,626
327
176
1,724
199
110
'1,803
110
28.18
14. 651
28.18
14. 651
28.18
13. 433
27.16
13.188
27.16
13.188
27.28
13. 608
27.33
13.608
27. 34
14. 098
27. 55
14. 098
27.64
14. 098
27.88
p 14. 098
28.34
*>14. 417
34, 670
38, 860
34, 740
35, 990
33, 325
25, 250
36, 470
34, 440
35, 240
33? 380
31, 885
31,420
36, 518
15, 016
248
17, 266
8,598
39, 156
16, 099
251
18, 532
9,107
30, 853
13, 105
185
15, 747
8,181
29,707
13, 155
145
14, 941
7,603
27, 983
13, 211
111
13, 424
6, 529
26, 587
13, 373
99
11, 878
5,720
28, 824
14. 698
107
12, 282
5,672
27, 453
13, 658
112
11,590
5,169
30, 159
14. 304
192
12,929
5,576
30, 537 ' 34, 409 34, 702
14, 654
16,903
16, 673
175
••213
12, 805 r 13, 623 13, 727
5,035 ' 4, 917 5,035
do- _-
4,063
3,986
4,269
1,729
1, 323
1,098
1,119
1,616
1,978
2,609
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
73, 426
48,038
225
24, 331
12, 099
70, 640
46, 084
209
23, 722
11, 242
66,955
43, 345
195
22, 964
11,148
68, 153
44, 356
176
23, 136
11,324
71, 364
46, 575
168
24, 053
11, 916
73,928
48, 275
178
24, 770
12, 391
70, 235
47, 517
158
21, 823
10, 843
72, 662
49, 334
162
22, 380
10, 742
74. 458
50, 813
163
22, 679
10, 918
76,206
52,215
164
23, 006
11, 083
Retail deliveries to other consumers . -
3, 886
2,729
76, 730 ' 73, 244 69, 194
47, 157
49, 937
52, 435
180
'190
23, 283 ' 22, 451 21,477
10, 484
11, 204 ••11,029
832
625
451
485
568
705
737
786
803
821
832
666
2,126
2,147
3,364
' 3, 452
3,743
3,308
3,888
3,448
3,763
2,882
2,322
17.19
17.20
17.21
17.21
16.71
16.69
16.78
16.87
17.08
17.21
17.24
17.27
17.30
5.193
7.953
5.193
7.953
5. 182
7. 953
5.166
7.331
5.166
7.300
5.161
7. 406
5. 156
7.463
5. 156
7.619
5.149
7.769
5.149
7.769
5. 149
7.869
5. 149
7.900
p 5. 149
* 7. 924
'117
6,187
768
'129
5, 912
706
134
6,243
799
102
5, 654
809
79
5, 271
829
'55
4, 543
1,042
50
3, 975
1,132
'72
3,923
1,250
58
3,592
1,166
52
3,879
1,153
51
3,487
1, 145
52
' 3, 376
1,202
50
3,494
' 4, 235
' 2, 725
1,510
1, 163
38
3,879
2, 544
1,335
1, 166
34
3,673
2,504
1,169
1,191
35
3,752
2,610
1,142
1,196
20
3,783
2,674
1,109
1,178
24
3,892
2,811
1,081
1,167
37
4,076
2,964
1,112
1,199
37
4,271
3, 122
1, 150
1,202
32
4, 452
3,280
1,172
1,208
31
4. 629
3,437
1,192
1,194
16
4,707
3,494
1,212
1,174
35
r
4, 757
3,477
'1,280
877
11
4,822
3,485
1,338
__-
30.35
30.35
30.35
30.35
30. 35
30. 35
30. 35
30. 35
30.35
30.35
30.35
30.35
30.35
3 rude petroleum :
2,132
Oil wells completed t
_ _ _ _ _ _ _ number
2.97
Price at wells (Oklahoma-Kansas)
dol. per bbl__
256, 659
Runs to stillst
- - - thous. of bbl
86
Refinery operating ratio
percent of capacity
1,464
2.97
233, 880
84
1,795
2.97
245, 423
82
1,502
2.97
238, 809
82
1,733
2.97
246, 847
82
2,075
2.97
243, 773
84
1,813
2,97
257, 522
86
2,108
2.97
255, 748
85
1,734
2.97
242, 999
84
1,875
2.97
245, 157
81
1,835
2.97
236, 789
81
2,426
2.97
248, 928
83
^2.97
312, 721
296, 669
310, 214
297, 789
291, 377
291, 045
291, 271
296, 027
290, 536
297, 866
300,155
309, 742
224, 140
29, 258
209, 986
27, 576
220, 977
29, 979
211, 132
28, 166
212,296
27, 799
208, 161
26, 671
212, 645
27, 884
215, 145
28, 621
209, 119
28, 092
215, 687
29, 732
213, 992
29, 519
221,653
31, 509
28, 610
29, 730 29, 292
30, 713
29, 966
29, 377
-18,105 -10,591 -34, 532
33, 877
24, 614
14,611
30, 571
20, 711
16, 307
32, 730
23. 483
2,854
31, 191
19, 551
14, 219
32, 768
19,493
8,543
32, 691
20, 634
14, 347
31, 458
20, 989
14,810
29, 980 28, 677
26, 664 27, 903
-4, 678 -48, 020
-
- -
do
Exportst
-- do
Prices:
Retail, composite
__dol. per short ton.Wholesale:
Screenings, indust. use, f.o.b. car at mine__do
Domestic, large sizes, f.o.b. car at mine . do--.
COKE
'reduction:
Beehive .
- _ _ _ _ _ _ _ thous. of short tons.
Oven (byproduct)
_
_ _
do
Petroleum cokel
do
itocks, end of month:
Oven-coke plants, totalt
_ _ do
At furnace plantst
do
At merchant plants
do
Petroleum coke
do _ _
Exports
do
'rice, oven foundry coke (merchant plants), f.o.b.
Birmingham, Ala
dol. per short ton
28, 285
4,069
2,050
Retail dealers
1, 725
560
30. 35
PETROLEUM AND PRODUCTS
Jl oils, supply, demand, and stocks:cf
New supply, totalt - - _ _ thous. of bbl
Production:
Crude petroleumt
do
Natural-gas liquids, benzol (blended), etc. t do
Imports:
Crude petroleum
do
Refined products! - _
do
Change in stocks, all oils (decrease,—)
do
Demand, totalj
Exports:
Crude petroleum
Refined productsj
Domestic demand, total? t
Gasoline t
Kerosene t ADistillate fuel oilt Residual fuel oilt
Jet fuelJA
Lubricants?
_
AsphaltJ
Liquefied gasest Stocks, end of month, total
Crude petroleum
Natural-gas liquids
Refined products
_ -_
_
-
_
_
i
do
330, 826
344, 746
283, 178
275,070
288, 191
277, 052
287, 484
276, 189
283,056
304, 833
357, 762
do _.
do
do
do
do
do
do
264
260
299
5, 734
6,302
5,505
324, 828 301, 456 338, 184
111,311 108, 871 120, 497
14, 753
15, 958
13,915
86, 200
87, 137
73,050
61, 581
55, 804 60, 701
270
6,477
276, 431
129, 094
7,668
45, 385
45, 840
127
6,421
268, 522
129, 952
6,176
40, 450
40, 246
436
7, 155
280, 600
138, 909
6,665
39, 755
39, 332
248
5,742
271, 062
135, 838
8,067
34, 919
36,834
89
5,938
281, 457
138,371
8,433
37, 137
36, 240
234
5,393
270, 562
128, 530
8,864
39,683
37, 343
352
5,641
277, 063
126, 242
10, 475
45, 160
40, 849
0
5,164
299, 669
124, 855
12, 776
61, 556
48,509
512
5,326
351,924
124, 937
18, 769
95, 544
57, 051
do
do
do
do
do
do _
do
do
307, 260
8,973
3,284
3,066
23, 072
8, 584
3,352
3,218
21, 532
8,903
3,646
3,769
23, 364
7,887
3,604
6,673
15, 899
8,752
3,898
9,478
14,601
9,255
3,699
13,411
14, 687
8,732
3,791
13, 848
14, 899
8,254
3,692
15, 581
17,946
8,723
3,483
13, 727
15, 275
8,269
3,479
11,099
17, 992
8,472
3,474
6,827
20, 846
8,265
3,265
3,981
25, 540
790, 885
252, 206
22, 406
516, 253
780, 274
257, 028
20, 793
502, 453
745, 742
260, 923
18,916
465, 903
760, 353
266, 178
22,215
471, 960
776, 660
261, 312
26, 400
488, 948
779, 514
257, 301
29, 380
492, 833
793, 733
242, 745
32, 467
518, 521
802, 276
234, 091
33, 224
534, 961
816, 623
231,966
35, 639
549, 018
831,433
232, 990
36, 122
562,321
826, 755
239, 528
33, 993
553, 234
778, 735
239, 800
28, 931
510, 004
lefined petroleum products:
Gasoline (incl. aviation) :
130, 339 120, 307 126, 866 123, 449 125, 226 126, 905 133, 485 132, 884 127, 564 126, 561 123, 873 130, 787
Production}!
__ _
do
1,436
1,284
916
745
747
1,107
1,115
1,307
1,607
914
1,130
1,160
Exports^
do
Stocks, end of month:
193, 575 205, 379 209, 854 202, 610 198,081 185, 655 182, 193 177, 795 177, 667 177,660 175,419 181, 169
Finished gasoline
do
12, 428
11,978
12, 797
12, 837
12, 407
13, 307
12, 014
13, 828
13, 490
11,760
13, 605
12, 527
Unfinished gasoline
do
Prices (excl. aviation):
p .125
.115
.100
.120
.105
.113
.125
.125
.105
115
.125
.125
.125
Wholesale, refinery (Okla., group 3)__dol. per gal__
HRetail (regular grade, excl. taxes) , service stations,
.218
.211
.202
.211
.216
.212
.207
.202
.203
.214
'.215
.218
.208
.213
55 cities (1st of following mo.)
dol. per gal.,
r
JRev isions for 1958 will be showii later as follows: Oil wells completec1 (August and Sep tember); domestic
Revised.
*» Preliminary.
9 Includes data no b shown s eparately
emand—jet fuel (February-September) ; lubricants (Ja nuary-Aiigust); fo r all other indicatecI items (J anuary-S eptember ). Biturrlinous coa 1 exports for 1959 iave
been revised iis follows
1
§In eludes no nmarketa ole cataly st coke.
3ions. short tons): July, 3,680; August, 4,003; September, 3,512; and December, 2,8 78.
cf Data for Alaska and Hawaii are included as part af domest ic supply and dem and begirming wit!i Januaryr 1959 and January 1960, resiactively: approprisite amourits for the>se States
re reflected in data for all series affected. Data beginm ng 1960 fo r jet fuel £ind kerose ne are no t compareible with earlier da ta becaus e jet fuel for use in commennal aircraft is now classified
' ith kerosene; formerly, this product was reported prim arily as"jet."
L_j3ee lasts entence o fnote"cf
:"::::::
SURVEY OF CURRENT BUSINESS
S-36
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
March 196}
1960
January
February
March
April
May
June
1961
July
August
Septem- October Novem- December
ber
ber
January
February
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued d"
Aviation gasoline:
10, 401
Production
thous. of bbl
555
Exports^
- -- do
13, 401
Stocks, end of month
do
Kerosene:!
13, 547
Production
do
26, 510
Stocks end of month
-_ _ do
Price, wholesale, bulk lots (N.Y. Harbor)
.113
dol. per gal__
Distillate fuel oil:
Production
- thous. of bbl_. 59, 874
1,610
Importsit
do
789
Exports!
- do
Stocks end of month
do _ 125, 924
Price, wholesale (N.Y. Harbor, No. 2 fuel)
.103
dol. per gal__
Residual fuel oil:
Production
thous. of bbl_. 32, 452
26, 366
Imports t
^-Q
1,728
Exports!
do_ __
49, 306
Stocks end of month
do
1.60
Price wholesale (Okla., No. fifuel) dol. per bbl__
Jetfuel:§
7,250
Production
thous. of bbl__
6,846
Stocks end of month
do_ _ _
Lubricants:
4,895
Production
- do
1,196
Exports t
do
9,365
Stocks end of month
_ _ _ do
Price, wholesale, bright stock (midcontinent, f.o.b.
.250
Tulsa)
dol per gal
Asphalt:
4,546
Production
thous. of bbl
12, 838
Stocks end of month
do _
Liquefied petroleum gases:
6,260
Production
- do_ __
16, 573
Transfers from gasoline plants!
do
Stocks (at plants, terminals, underground, and at
17, 721
refineries) end of month
thous. of bbl
Asphalt and tar products, shipments:
Asphalt roofing total
thous. of squaresRoll 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..
9,761
582
14, 025
9,780
863
14, 319
9,145
1,229
14, 274
9,521
1,084
13, 848
9,018
953
13, 943
9,374
888
12, 826
10, 017
977
12, 608
9,666
915
12, 105
9,453
914
12. 714
8,994
564
13, 585
9 606
506
13, 938
10, 408
23, 020
11, 353
18, 440
9, 745
20, 547
9,853
24, 217
9,759
27, 354
11, 164
30, 499
11, 397
33, 379
10, 776
35, 408
11, 993
36, 977
12, 401
36, 722
13 376
31, 445
.113
.105
.105
.105
.102
.102
.102
.102
.105
.101
.101
51, 877
1,095
981
105, 015
55, 690
1,229
998
73, 948
52, 300
1, 520
779
81,755
53, 841
1,342
1,176
95, 461
53, 338
1,148
1,163
109, 174
56, 773
796
916
131,044
58, 081
773
751
152, 158
54. 928
1, 005
484
168, 235
56, 262
897
580
180, 071
54, 877
621
556
173. 913
59, 209
1,097
641
138, 455
p. 112
.103
.095
.095
.095
.092
.092
.092
.092
.095
.091
.091
p. 102
28, 938
24, 649
1,685
45, 775
1.60
31, 065
25, 790
1,767
40, 503
1.50
26, 410
19, 567
1,688
39, 285
1.50
26, 072
15, 590
1,484
39, 628
1.50
25, 297
17, 098
1,967
41,074
1.80
26, 265
13, 955
875
43, 848
1.80
26, 125
14, 966
1,888
47, 177
1.80
25, 779
15, 523
1,357
50, 136
1.80
25, 755
15, 976
1,283
50, 003
1.80
27, 116
21, 885
1, 304
49, 525
1.80
30, 873
22, 780
1, 515
44, 870
1.80
pl.80
7,314
7,041
7,272
6,386
7,437
6,556
7,338
6,810
7,894
6,753
7, 528
6,892
7,796
7,343
6,961
6,431
6,898
6,034
7,291
6.020
7,269
6,456
4,614
1,040
9,588
5, 027
1,333
9,637
5,052
1,422
9,665
4, 953
1,318
9,404
4,921
1, 559
9,068
5,232
1,478
9,032
4,689
1,088
8,942
4,944
1, 258
9,149
4,907
1,386
9,194
5. 094
1,353
9,463
5,061
1,389
9,874
.250
.250
.250
.260
.260
.260
.260
.260
.260
.260
.260
4,363
14, 120
4,769
15, 266
7, 719
16, 830
9,449
17, 037
11,042
15, 760
11, 776
14, 259
12, 114
11, 284
11, 147
9,110
9,741
8,141
6,814
8,593
5,191
10, 142
6,277
15, 271
6,990
16, 377
6,591
9,631
6,307
8,571
6,604
8,409
6,747
8,701
6,716
11, 601
6,229
9,345
5,997
12, 129
6,128
14, 953
6,732
18, 974
15,861
13, 793
17, 382
21, 594
24,836
28, 633
29, 683
32, 036
32, 578
30, 558
25, 536
2,632
995
1,637
3,322
1,224
2,098
3,746
1,417
2,329
4,017
1,403
2,614
5, 268
1,743
3, 525
5, 981
2,006
3,974
6,002
2,079
3,923
6,738
2,567
4,171
6,770
2,690
4,080
5,951
2,299
3,652
4,537
1,688
2,848
4,298
1.656
2.642
52
46
776
55, 940
63
56
1,046
71, 809
56
72
764
74, 876
48
89
1, 548
68, 471
62
106
1,386
81,091
72
132
2,080
89, 640
78
112
1,739
92, 696
84
142
1,690
99, 991
96
125
1, 947
94, 942
101
117
1,828
87, 553
84
82
727
79, 368
74
51
695
95, 392
p. 260
PULP, PAPER, AND PRINTING
PULPWOOD AND WASTE PAPER
Pulpwood :
Receipts
Consumption
Stocks, end of month
Waste paper:
Consumption
Stocks end of month
3,404
3,267
5,482
3,432
3,498
5,406
3,199
3, 335
5, 285
3, 183
3, 469
4,954
3,442
3,445
5, 083
3,282
3,124
5,185
3,791
3,545
5,449
3,624
3,311
5,795
3,738
3,588
5,967
3,249
3,358
5,891
738.9
574.4
755.6
555.5
778.5
552.5
753.1
556.8
770.4
540.0
781.8
538.8
651.2
543.8
783.1
541.7
759.4
537.7
770.1
544.0
718.9
547.9
tons- 2, 109. 7
91.9
do
do_ __1, 199. 5
234.2
do
2,034.4
85.6
1,172.0
210.6
2, 175. 9 2, 098. 8 2, 165. 5
108.0
95.3
88.5
1, 255. 9 1, 195. 9 1, 267. 9
213.4
218.2
231.8
2,157.0
96.3
1,266.2
211.5
1,915.1
76.0
1,119.9
191.4
277.3
97.7
209.1
260.0
97.1
209.1
278.6
105.5
222.3
268.3
102.8
211.5
262.2
103. 8
210.3
276.3
101.0
205.7
245.4
92.7
189.8
274.9
108.6
225.1
261.1
110.0
211.7
111*. 5
208.4
265.5
100.0
193.3
261.0
89.8
187.4
267.7
96.1
203.4
861.9
267.6
523.3
71.0
863.5
284.4
505.0
74.1
851.0
270.8
504.0
76.2
879.9
283.0
520.2
76.7
912. 5
305.2
526.3
81.1
922.5
301.8
535. 6
85.0
898.9
300.4
522.3
76.2
927.3
312.1
543.3
71.9
910.7
301. 3
538.2
71 2
937.6
322.6
545.9
69 1
957.0
341.8
545 8
69 5
' 896. 8
' 294. 2
533 9
68 7
875.9
312.1
498 1
65 8
68.5
29.3
39.3
69.7
20.6
49.1
111.6
44.9
'66.7
85.7
38.7
47.0
102.0
38.8
63.2
' 111.6
35.0
76.6
102.7
33.9
68.8
99.5
32.0
67.4
107 1
36.3
70.8
90 2
30.7
59.5
97 6
33.2
64.4
95 3
34 1
61.2
211.8 r 201. 5
20.9
14.5
' 197. 3 ' 180. 6
M82.8
14.3
* 168. 5
193.2
18.2
175.0
211.0
15. 9
195.1
' 177. 4
12.0
' 165. 4
230.1
15.4
214.7
198 5
13.9
184.7
198 1
14.4
183.7
228 6
19 0
209.6
175 3
9 3
166.0
3,027
1,370
1,375
14
269
2,896
1,327
1,295
13
262
2,946
1,330
1,332
14
271
2,936
1,291
1,354
14
277
2,567
1,127
1,174
10
256
2,959
1, 288
1,368
12
291
2,820
1,216
1,305
12
287
2,988
1,340
1,345
13
290
2,794
1 254
1,278
12
'250
thous. of short tons
do
WOOD PULP
Production:
Total, all grades
thous. of short
Dissolving and special alpha
Sulfate
_
.. .
Sulfite
Ground wood
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, totalf
Dissolving and special alpha
All other .
_
Imports all grades, totalf
Dissolving and special alpha
Allother_._
_
do
do
do. ..
_
r
3,577
3,395
5,348
thous. of cords (128 cu. ft)._
do
_ _ _ __ __ _do
do
do
do
173.2
11.2
162.0
r
r
3, 032
rr 2, 966
5, 948
3,465
3,381
6,100
751.8
561.3
711.7
519.2
2, 196. 1 2, 053. 7 2, 228. 2 2, 073. 6 r 1,848. 3
97.5
102.7
81.5
83.2
90.9
1, 276. 7 1, 182. 8 1, 298. 2 1, 194. 3 '1,039.5
208.1
226.7
229.6
206.5
187.3
2, 096. 2
98.9
1,210.0
220.1
PAPER AND PAPER PRODUCTS
All paper and board mills, production:
Paper and board, total thous. of short tons__
Paper
do
Paperboard
_ do
Wet-machine board
do
Construction paper and board
do
r
2,901
1,320
1,317
10
253
2,835
1,277
1,293
13
253
' 2, 521 2 791
' 1 165 1 294
' 1,123
1 258
11
10
'222
229
-*-
Revised.
* Preliminary.
cf See similar note, p. S-35.
jRevisions 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); di:
tilate fuel oil exports (January-May and September); residual fuel oil exports (May and June); lubricants exports (January-August),
f Revisions for 1958 and 1959 will be shown later.
§See last sentence of note "c?" for p. S-35.
SURVEY OF CURRENT BUSINESS
March 1961
S-37
196»1
1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
January
February
March
April
May
July
June
DecemAugust SeptemOctober November
ber
ber
January
February
PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS— Continued
Paper, except building paper, newsprint, and paperboard (American Paper and Pulp Association) :
954.0
Orders, new 9
thous. of short tons__
Orders, unfilled, end of month 9
do
713.1
Production
do
1, 146. 5
941.4
Shipments 9
_ _
do
598.5
Stocks, end of month 9
do
Fine paper:
151.1
Orders, new
do
76.5
Orders, unfilled, end of month
do
151.3
Production
do
148. 6
Shipments
_ _
_
do
148.5
Stocks end of month
do
Printing paper:
397.0
Orders, new
_____
_
do
428.9
Orders, unfilled, end of month
do
401.0
Production
_ _
do
394.8
Shipments
__
do
262.3
Stocks, end of month
_
do
Price, wholesale, book paper, "A" grade, English
16.62
finish, white f o b mill
dol. per 100 Ib
Coarse paper:
338.7
Orders new
thous. of short tons
162.6
Orders, unfilled, end of month
do
334.5
Production
_
do
330.6
Shipments
do
113.0
Stocks, end of month
do
Newsprint :
Canada (incl. Newfoundland):
527.4
Production
._ _ _ _ _ _
do
493.8
Shipments from mills
do
187.3
Stocks at mills, end of month...
.do
United States:
179.4
Production
do.
167.0
Shipments from mills
do
30.5
Stocks at mills, end of month
do._
954.3
698 5
1, 122. 4
925 2
612.0
859.8
708 7
975.7
806 2
624.3
893.8
655 1
1, 112. 7
934.1
629.8
865.5
647 6
1, 060. 3
882 7
627.1
777.0
548 0
801.0
802 0
571.0
'
966. 3 «•r 854. 3
r
622. 6
659. 0
l, 160.1 '1,T 081. 8
876. 6
* 950 8
' 644. 0 r 660. 4
r
152.5
86.2
155 0
157. 4
160 7
145 7
83 8
152 4
145.3
164 1
148 8
86.2
150 3
151. 1
165 9
122 0
79.4
127 1
125.9
149 4
144 0
82.2
148 0
149.3
156 2
129 5
71 2
140 6
137 8
152 5
r 144 1
402 6
404.3
389.9
385.9
266.2
451.1
425.9
423.6
418.3
271.5
407.9
410.5
403.0
401.8
272.7
390 9
385. 6
403 0
401.6
274 1
423.1
410.5
395. 7
397.0
272.9
392 4
418. 5
343 2
344.7
271 3
384 5
384.2
400 9
399.8
272 5
375 5
387 6
378 3
381 0
269 7
"•426 9 r 373 5
' 395. 6 T«• 366. 8
r
387 4
407 9
'T 387. 8
«• 407. 7
269. 6
'269 9
350 0
335.0
377 0
377.0
270 0
16.95
16.95
142 1
72.6
r
145. 8
155 6
'r142 9
75.5
r
145 6
r
145
6
r
163 6
147 0
77 0
147 0
148 0
163 0
p
16.62
16.62
16.78
16 95
16.95
16.95
16.95
16 95
336.6
166.0
337. 1
329.8
119.4
371.2
182.4
358.6
359.9
122.0
374.1
203.9
348.3
347.9
119.8
351.9
187.2
363.5
369.6
115.0
308.1
157.9
339.1
345.9
119.3
292.7
161. 7
284.6
282.2
119.4
310.4
143.8
329.1
325.9
120.2
307 0
148.7
308 5
307.7
126 3
533.6
494.8
226.0
575.0
517.9
283.2
547.1
589.0
241.3
563.1
569 5
234.9
566. 3
593. 2
208.0
555. 9
561 5
202.4
570 2
551 8
220.8
570 6
589 9
201.4
591.4
588 2
204.6
604.2
644 8
163.9
533.9
558 1
139.8
545 4
509 2
176.0
511.9
468 8
219.1
157.1
155.6
32.0
172.3
166.0
38.4
168.7
173.5
33.6
173.3
171.5
35.4
171.2
174.3
32.3
157.2
155.9
33.6
179.9
171 5
42.0
161 6
167 9
35.7
184.5
183 3
36.9
174.3
177 0
34.2
158.8
167 4
25.5
184 3
166 5
43.3
163.2
167 7
38.8
469.9
476.9
510.4
461.9
419.7
420.4
454.4
516.7
496.7
457.3
422.4
392.4
646.1
651.1
593.2
605.3
623.7
646.0
654.4
615.1
626.0
628.1
632.7
648.4
431. 9
480.6
467. 5
411 1
486.3
429.2
474 8
504.0
475.1
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
P 134. 40
1, 368. 2 1, 351. 5
480.5
450. 2
1, 355. 8 1,366.6
92
93
1, 191. 1
457.8
1, 159. 6
77
1,402.5
418 4
1,426.0
93
1, 306. 8
429.1
1, 314. 2
1, 384. 9
418.2
1, 392. 5
1, 267. 7
409.4
1, 302. 5
1,177.7
371. 7
1, 206. 8
76
1,212.4
380 3
1,201.0
87
1,241.8
399.3
1, 218. 9
8,135
8,254
8,082
124. 1
*>113 8
416.4
651.8
670.1
Imports
do
Price, rolls, contract, delivered to principal ports
dol. per short ton__
« 370. 9
134. 40
941.4
700 2
1, 123. 9
954.7
631.6
159 7
81.3
160 9
152.9
155 8
431.6
Paperboard (National Paper board Association) :J
Orders, new
thous. of short tons- 1,266.3
462.2
Orders, unfilled end of month
_ _
do
1, 234. 1
Production, total
do
92
Percent of activity
Paner products:
Shipping containers, corrugated and solid fiber,
8,455
shipments t
mil. sq. ft. surface area..
Folding paper boxes, shipments, index of physical T
115. 2
volume
1947-49 =100
950.6
703 6
1, 161. 6
977.5
630.8
152 1
81.4
148 6
149.3
151 2
Consumption by publishers d"
do
Stocks at and in transit to publishers, end of
month cf
thous. of short tons__
r
995.2
1. 050. 0
747.5
734 6
1, 202. 1 1, 164. 1
999 5
967.2
628.9
621.8
r
427. 9
134. 40
1, 324. 1
441.1
1, 339. 2
95
450. 9
134. 40
r
134. 40
1, 436. 1 1, 330. 1
467.1
321.3
1, 434. 4 1,341.2
93
92
8,604
r
" 120. 9
f
134.40
9,544
8,946
135. 4
120.0
r
984
805
179
1,264
989
275
2 1, 797
2 1, 481
2316
9,041
r
124. 2
9,195
8,239
130. 9
' 105. 6
1,241
1,006
235
1,385
992
393
87
16.95
r
332. 8 r 279 8
' 133. 8
«• 143. 2
' 336. 0 r 300.6
' 334. 7 ' 286. 4
r
' 138. 6
125. 7
86
93
9,864
9,651
9,448
129. 1
' 133. 0
' 132. 4
21,187
2976
936
768
168
2 1,705
2 1, 385
2320
1,181
36 770
82 227
31 828
37 033
76 116
26, 908
35 965
71 608
30 412
r
8,737
r
116. 6
16 95
280 0
136.0
277.0
277.0
138.0
r
89
PRINTING
Book publication, total
New books.
New editions
number of editions_ _ d o _ __
do
3 560
3471
389
2 1, 354
2 1,116
2238
2211
955
226
1,418
1, 125
293
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
long tons
Stocks end of month
do
Imports, including latex and guavule. _ _ __do _
Price, wholesale, smoked sheets (New York)
dol. per lb__
Synthetic rubber :
Production
long tons
Consumption
do
Stocks, end of month
__
do
Exports
do
Reclaimed rubber :
Production
_ _
do
Consumption
do
Stocks, end of month
do
TIRES AND TUBES
Pneumatic casings:
Production §
_
_ thousands
Shipments, total§
Original equipment
Replacement equipment
Export
_ __ _
Stocks end of month §
Exports (Bur of Census)
Inner tubes:
Production
Shipments
Stocks end of month
Exports (Bur. of Census)
_ _
_- _
46 354
76, 156
«r34,829
46 022
75, 320
40, 949
T
47, 205
81, 599
38, 586
42, 032
83, 451
36, 343
41 263
82, 693
32, 018
r
42, 576
76, 605
31, 609
r
35 229
76, 389
28 605
37 258
82 385
39, 597
r
31 891
77 525
39, 085
35 149
80 238
.415
.403
.405
.404
.455
.460
.418
.368
.350
.343
.311
.289
.285
130, 742
95, 133
221, 622
°29 283
126,334
93, 203
221, 183
29, 814
131, 933
97, 727
223, 73S
34, 488
120, 895
90, 252
221, 511
37, 018
126 804
91, 993
227, 332
31 114
122, 547
95, 849
226, 032
29, 508
116 584
79, 413
235, 693
28 780
121 635
88, 578
242 740
3ft 544
112 853
87, 330
242, 959
24 285
110 991
88, 784
238, 591
23 166
110 465
86, 179
240, 038
23 381
104 659
80, 076
242 416
23 497
105 811
85 732
236 247
26, 442
26 540
29,031
26, 965
25, 944
28, 653
29, 100
26, 625
29, 719
26, 209
24, 210
30, 910
25, 676
23 763
32,611
25, 429
24, 677
31, 699
21, 472
19 249
33, 624
23 540
21 452
33 979
22, 251
22 101
33, 949
23, 546
23, 269
33, 519
22, 013
21,014
33, 783
20 010
19 921
33 048
22 528
22 052
33, 101
10, 325
10, 772
11,115
10, 517
10, 779
10 863
9,788
9, 147
9, 184
9,530
9,044
8,804
_ do _
do
_ do
do__
11,322
4,333
6,833
156
10, 179
3,996
6,047
136
9,737
3,753
5,827
157
11.114
3,584
7,348
182
11,188
3,724
7,306
157
11,507
3, 449
7,884
174
10 113
2,735
7 228
150
8,941
1,578
7, 213
151
9,630
2,950
6,560
120
10,014
3,589
6,304
121
8,303
3,425
4,772
105
7, 663
3,087
4,464
112
do
do
25, 943
145
26, 473
125
27, 921
125
27, 401
159
26,967
143
26r 359
142
26 108
119
26 298
104
25 893
110
25, 499
73
26 290
76
27, 540
88
do
do
do
do
3 899
5,391
8 924
85
4 043
4,011
9,002
78
4,241
3,282
10, 113
112
3,628
3,306
10, 495
146
3 611
3,330
10 852
135
3 426
3,547
10 700
113
3 261
3,440
10 627
102
3 017
3, 308
10 254
107
3 024
2,894
10 446
84
3,067
3,000
10, 589
137
2 921
2, 657
10 859
71
2, 913
2,818
11,034
110
.294
••Revised.
P Preliminary.
« Revisions for 1959 are as follows (units as above): Newsprint imports—September, 462,993; November,
480,523; natural rubber imports—September,
2
47,758; synthetic
rubber exports—May, 27,976; June, 28,220.
1 December data exclude estimates for tissue and miscellaneous papers.
Data for months noted cover 5 weeks; other months,
3
4 weeks.
Beginning January I960, 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 accounting for about 75 percent of total newsprint consumption in 1959.
J Minor revisions for January
1957-March 1959 will be shown later.
§ Motorcycle tires ore included beginning January 1960.
SURVEY OF CUERENT BUSINESS
S-38
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
March 1961
1960
January
February
March
April
May
June
1961
July
DecemAugust SeptemOctober November
ber
ber
January
February
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
- -tfcous of bbl
18, 669
53
12, 909
16, 080
49
14, 698
18, 422
53
17, 812
27, 015
80
27, 638
31. 999
'89
30, 468
31, 930
91
34,363
31, 982
88
32,964
33, 270
92
36,623
31, 181
89
33, 862
31, 488
87
33, 194
26 469
75
25 232
20 5C5
56
15 116
16 744
46
14 303
_.do-_.
_-do
37, 284
21, 939
38, 553
27, 382
39, 165
33, 474
38, 721
33, 545
40, 101
33, 049
37, 667
30,488
36, 611
27, 532
33,244
23, 444
30, 563
20, 232
28, 799
17, 318
30, 095
16, 838
35, 484
'20,954
37, 966
25, 978
351.3
33.9
107.0
370.5
33.6
106.0
391.4
35.5
116.0
644.2
49.5
175.4
672.8
50.1
177.0
685.6
47.5
190.8
624.7
45.1
179.8
665.1
45.0
199.0
610.2
40.1
187.1
595.9
41.3
169.2
536.7
41.1
143 2
333.0
32.0
108.3
26.1
26.6
27.2
31.6
36.6
37.9
35.9
39.6
37.4
38.0
37.3
32.0
18.7
18.4
20.3
19.2
20.4
22.1
19.4
21.0
19.9
18.9
17.7
16.6
140.6
140.6
140.6
140.6
141.2
141.3
141.3
141.6
141.7
141.7
141.7
141. 7
-
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed <, common and face)
m il . of st and ard brick _ .
Structural tile, except facing _thous. of short tons_
pg-yypr pino and fittings vitrified
do
Facing tile (hollow), glazed and unglazed
mil. brick equivalentFloor and wall tile and accessories, glazed and ungla/ed
mil. of sq. f t . _
Price index, brick (common), f.o.b. plant or N.Y. dock
1947-49=100
141.4
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments (qtrly. total) c?
thous of dol
Sheet (window) glass shipments
do
Plate and other flat ^la^s shipmentsc?
do
Glass containers:?
Production
67, 055
26, 912
40, 143
63, 493
22, 801
40, 692
75, 958
31 076
44, 882
12, 755
13,131
13, 708
12,693
13, 514
14,806
14, 185
15, 671
12, 899
13, 968
11,415
11.195
12, 285
10, 989
11,216
12,887
12, 601
13, 959
14, 164
12, 626
16, 126
14, 014
12, 839
11,540
11,272
11, 472
1,108
1,190
1,406
1,306
1,343
1,337
1,322
2,225
2,729
1.444
1,026
981
1,126
3,382
3,329
3,620
3, 268
3, 591
3,891
3,610
4,638
4,313
3, 953
3, 457
3,211
3,444
- do
- - do. do
do
_ do.
do
632
838
965
2,848
1, 075
141
580
838
1,114
2,972
1,070
123
957
1,161
1,337
3,137
1,137
132
1 , 285
1,443
1 , 292
2,771
1,101
135
1,517
2, 054
1,218
2, 905
1,199
132
1,641
1,968
1,295
2 779
1,122
131
1,172
1,800
993
2,594
1,005
130
848
2,299
1,267
3, 406
1,242
201
610
960
1, 305
2,794
1,093
210
570
861
1, 574
3, 156
1,134
147
724
1,012
1,362
2,815
991
153
965
1,273
1, 123
2,631
910
178
609
1,163
1,089
2,867
1,026
148
do
19,123
20, 423
20, 963
20, 986
20, 358
20, 681
22, 061
21,500
19, 907
20, 890
20, 622
20. 402
20, 613
- thous. of gross. .
Shipments domestic total
do
General -use food:
harrow-neck food
do
Wide-mouth food (incl. packers' tumblers, jelly
glasses and fruit iars)
thous of gross
Beverasre
Beer bottles
_ - -Liquor and wine
Medicinal and toilet
Chemical household and industrial
Dairy products
75, 586
25, 857
49, 729
Stocks end of month
GYPSUM AND PRODUCTS t
Crude gypsum, quarterly total:
Imports
1,158
2, 145
1,147
2,626
r 2, 062
r 2, 279
743
76
'r 1,492
2 706
1,509
2 358
r
2, 293
1,957
1, 059
70
971
68
887
71
279
261
317
316
328
345
273
275
456.2
1 , 290. 4
47.5
514.7
1, 530. 1
72.9
531. 3
1 561 6
66.0
408.0
1, 452. 5
51.3
thous of short tons
Calcined production quarterly total
do
Gypsum products sold or used, quarterly total:
TTncalcined uses
thous of short tons
Industrial uses
do
Building uses:
Plasters:
Base-coat
do
^11 other (incl Keene's cement)
do
I^ath
Wallboard
\11 other§
mil of sq ft
do
do
TEXTILE PRODUCTS
APPAREL
Hosiery, shipments
Men's apparel, cuttings:1A
Tailored garments:
Suits
- - - Overcoats and topcoats
thous. of dozen pairs
- thous. of units
do
Coats (separate), dress and sport _
Trousers (separate), dress and sport
Shirts (woven fabrics), dress and sport
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
11, 567
11,866
13,025
11,930
11, 891
13, 663
11,217
13, 536
13, 364
13, 269
13, 979
11,720
12, 360
1,496
140
1,828
224
1,836
256
* 2, 085
1435
1,968
476
1,896
512
1
1.1 885
460
1,032
336
1,780
548
i 1,715
i 425
1,684
332
1,784
224
i 1,1 650
170
888
8,024
904
8,592
1
1895
9, 035
896
8,236
956
8,600
i 1, 055
i 8, 935
576
6,812
944
8,520
i 775
i 8, 105
872
6,200
920
5, 780
i 5, 875
6,476
1,980
1,964
i 2, 365
2,160
2,048
1
268
328
296
348
1280
1365
264
364
296
344
1,892
19, 185
1,280
2, 308
22, 033
1,301
2,078
26, 974
1,013
942
27, 625
593
841
26, 037
440
' 1 840
812
1,424
2,072
i 2, 095
1,980
1,972
i 1,880
1,828
265
1355
196
248
280
352
1280
1310
232
316
204
292
i 220
1260
264
252
1,832
20, 371
709
2,127
15, 861
800
2, 693
21, 000
870
2,087
17, 824
521
2,276
19, 614
610
2,150
20, 022
627
1,315
15, 783
700
1,700
18, 413
1,290
2, 270
1
1,227
1,507
1,456
1.402
1,383
Waists, blouses, and shirts..
thous. of doz.
1, 515
1,310
1,547
1,277
985
1,239
1,223
1,236
880
828
Skirts
do
850
925
877
934
996
844
907
866
'466
794
576
. . .A. <- .,
r
Revised.
* Data cover a 5-week period.
cf Revisions for 1957-2d quarter 1959 will be shown later.
^Revisions for January 1958-February 1959 for glass containers appear in the May 1960 SURVEY; those for gypsum and products follow (units above): 1st quarter 1959—crude production,
2,431; uncalcined uses, 798; all other building uses, 51.2; 2d quarter 1959- uncalcined uses, 1,078; 3d quarter 1959—imports, 1,892.
§Comprises sheathing, formboard, and laminated board.
IData for March, June, September, and December 1960 cover 5-week periods and for other months, 4 weeks.
ARevisions for January 1957-November 1959 are available upon request.
SURVEY OF CTTEEENT BUSINESS
March 1961
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-39>
1981
1960
January
February
March
June
May
April
July
Septem- October Novem- DecemAugust
ber
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,
totall!
-do...
Domestic cotton, total
_ _ do
On farms and in transit
do
Public storage and compresses
do
Consuming establishments
___do
Foreign cotton, total
_ _ _ _ _
do
Exports!
_
do .
Imports!
_ _ _
do
Prices (farm), American upland.
cents per Ib
Prices, wholesale, middling 1", average 14 markets
cents per lb._
Cotton linters:
Consumption^
thous of bales
Production!
_ _
do
Stocks end of month !
do
2
14, 363
» 14, 515
3
r
14, 558
730
4 ggg
708
710
15, 743 'r 14, 206
735
140
823
562
685
7,559
7 526
215
5, 916
1,395
34
21, 039
20 939
13 940
5,864
1,135
100
4 $58
12, 594
i 13, 340
801
667
644
4 726
20, 127
20, 031
11 364
7 693
974
96
18, 966
18 877
7 902
9 961
1,014
89
17, 626
17 541
4 182
12 116
1,243
85
15,991
15 915
2 470
11. 970
1,475
76
721
4
2
14, 075 p 5 14, 264
637
P514.271
637
15, 680
1,622
12, 301
1,757
63
14, 143
1 029
r
11,179
'1,935
r
63
12, 424
12. 371
687
9,731
1,953
52
11,056
11,010
441
8, 634
1,935
46
9,828
9,785
304
7,678
1,803
42
1,109
2
29.9
839
6
28.5
767
4
28.4
669
3
28.9
524
1
29.3
501
2
29.6
r
675
1
31.4
r
113
90
32 3
193
22
32.2
439
1
31 6
(6)
982
1
28 7
(6)
30 1
27 6
26 9
31.9
32.0
32.0
32.1
32.2
32.2
32.0
30.8
30.5
30.2
30.2
30.2
30.1
30.4
r
4
124
160
653
103
113
625
106
73
578
* 120
52
500
72
42
463
88
44
405
112
129
386
101
227
449
93
221
530
108
186
591
90
198
652
90
19, 299
17, 602
19,310
17, 599
19, 315
17, 589
19,325
17, 604
19, 228
17, 529
19,266
17, 561
19, 259
17, 652
19, 241
17, 618
19, 151
17, 507
19,085
17, 471
19, 022
17,450
19.063
17. 451
12, 143
486
11, 126
9,844
492
8,989
9,827
491
8,964
11, 740
470
10, 737
7,933
397
7.211
9,418
471
8, 605
11, 244
450
10, 328
9, 204
460
8,464
8,923
446
8,178
10, 253
410
9, 426
8,760
438
8, 051
8,940
447
8,190
692
.946
. 675
.946
.668
.943
.661
.938
.661
.941
.651
.936
.651
.936
646
.926
.646
.926
.642
'.924
P 642
*. 917
35, 872
35, 877
2,422
33, 620
50, 720
41,045
38, 348
24, 085
37,632
2,192
28, 857
38, 823
36, 179
26, 610
34, 502
25,896
40, 810
35, 294
32.77
38.3
18.0
17.5
32.85
38.3
18.0
17.5
32.60
38.3
18.0
17.5
32.92
38.3
17.5
17.4
32.04
38.3
16.5
17.0
30. 51
38.3
15.8
16.5
29.78
38.3
15.3
16.6
r
115
190
609
115
173
633
8,483
8,446
201
6, fifi4
1, 581
38
8,424
3,680
4
4
T
r
14 225
14 152
1 388
ll' 107
1, 657
73
9 823
1,807
65
979
COTTON MANUFACTURES
Spindle activity (cotton system spindles) :1!
Active spindles, last working day, totaL
Consuming 100 percent cotton
thous..
do
19,365
17,678
19, 358
17,665
Spindle hours operated, all fibers, total
millions..
Average per working dav
do
Consuming 100 percent cotton___
do
Cotton yarn, natural stock, on cones or tubes:
Prices, wholesale, f.o.b. mill:
20/2 carded weaving
dol per Ib
36/2 combed, knitting
_
_ _ _
do
9,995
500
9,144
9, 985
499
9,131
.692
.948
.692
.946
Cotton cloth:
Cotton broadwoven goods over 12 inches in width,
production quarterly!
mil of linear yd
F>xports!
_ _ thous. of sq yd
Imports! _
_
_ do
Prices, wholesale:
Mill margins.
cents perlb..
Denim white back, 10 oz./sq. yd.
cents per yd
Print cloth, 39-inch, 68 x 72.-.
do_._
Sheeting class B, 40-inch, 48 x 44-48
do
47, 521
38, 472
r
38, 715
41, 454
33.67
37.4
18.9
17.5
34.18
37.4
18.9
17.5
4
4
r
2,479
41, 830
39, 948
35, 492
45, 824
34.12
38.3
18.9
17.5
33.43
38.3
18.1
17.5
T
4
4
4
4
r
4
4
28.13
38.3
15.1
16.5
27.50
P38.3
p 15.0
P 16.5
26.71
r
419.9
146.1
77 9
158. 2
7
50 0
7 30 5
7
7
MANMADE FIBERS AND MANUFACTURES
476.2
178 8
79 9
169 0
Fiber production, quarterly total 9 !
mil oflb
Filament yarn (rayon and acetate)
do
Staple incl tow (rayon)
do
Noncellulosic (nylon acrylic protein etc )
do
Exports: Yarns and monofilaments
Staple, tow, and tops
Imports* Yarns and monofilaments!
Staple, tow, and tops!
thous. oflb.
do
do
do
Stocks, producers', end of month:
Filament yarn (rayon and acetate)
Staple incl tow (rayon)
Prices, rayon (viscose) :
Yarn filament 150 denier
Staple 1 5 denier
-
_ _
mil. of lb__
do
dol per Ib
do
4,864
3,141
r
318
5, 841
5,184
2,989
604
9, 068
7,468
4,349
599
' 5. 752
6,432
3,341
353
5, 867
7,013
3, 716
492
r
4, 348
8, 513
4, 391
314
3, 532
9,091
3,042
477
4,161
6, 412
3, f>91
314
3,583
fi, 994
3,710
345
4,171
6, 539
3. 557
290
3,335
6,243
3, 766
236
4.326
56.9
52.1
58.2
51.4
61.7
53.3
63.7
55. 1
64.4
55.9
58.5
59.7
62.8
65.2
65.3
61.0
68.3
59.1
68.3
55.1
68.0
51.1
65.2
53.9
63.6
57.4
.82
.33
.82
.33
82
33
.82
.30
.82
.29
.82
.28
.82
.28
.82
.28
.82
.28
.82
.28
.82
.28
.82
.28
v 82
p. 28
4, 505
3,846
T
209
7,717
r
Manmade-fiber broadwoven fabrics:
Production quarterly total 9! thous of linear yd
Ravon and acetate (excl tire fabric)
do
Nvlon and chiefly nylon mixtures
do
Exports, piece goods.
_
SILK
Imports, raw!
Price, raw, AA, 20-22 denier
Production fabric qtrly total!
447.2
157.4
70 5
168. 5
481.1
172.2
79 7
181 4
629, 397
386. 652
86, 755
45 3
27 4
59.8
58.5
562, 260
334, 835
81,096
608, 629
367, 260
90, 395
thous. of sq. yd
13, 719
13,642
13, 283
13, 975
12, 604
12, 592
11, 151
11,301
11, 409
14. 682
13, 628
12, 464
thous o f l b
dol. per Ib
thous of linear yd
624
4.56
438
4.43
526
4.27
7 775
560
4.34
415
4.37
608
4. 52
6,819
594
4.59
938
4.79
661
4.92
6,739
544
4.86
544
4.75
423
4.78
p5. 14
20, 552
16,457
20,390
15, 043
164
16, 205
20, 017
13, 647
21. 153
11, 702
4
4
26, 264
11, 477
18,639
9.008
20, 395
14, 095
22, 287
* 15, 147
17, 605
12, 118
15, 882 * 17, 424
11, 633 * 13, 874
16, 865
12,090
28, 013
11.151
19, 453
8.557
15, 868
6.057
' 24. 125
9.885
18. 954
7.597
19, 205
7,800
17,921
7.239
17, 632
6.715
15,182
6,225
WOOL
Wool consumption, mill (clean basis) :1!
Apparel class
thous of Ib
Carpet class
do
Wool imports, clean content! _
Annarel class, clean content!
_
do _
do
' 21, 463
9.758
22, 392
9.835
2
4
23,
4
3
4
14,953
7.606
5
f Revised.
*> Preliminary.
1 Qinnings to December 13.
Ginnings to January 15.
Total gmnings of 1959 crop.
* Data cover a 5-week period.
Total ginnings of 1960 crop.
7
« Less than 500 bales.
Data are for month shown.
§Total ginnings to end of month indicated, except as noted.
IData for March, June, September, and December 1960 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.
tScattered revisions for 1957-59 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 1061
1960
January
February
March
April
May
1961
July
June
DecemAugust SeptemOctober November
ber
ber
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__
Graded fleece, 3/8 blood
do
Australian, 64s, 70s, good topmaking, in bond. ..do
Knitting yarn, worsted, 2/20s-50s/56s, Bradford system,
wholesale price
- 1947-49= 100. _
Woolen and worsted woven goods, except woven felts:
Production quarterly totalj
thous of lin. yd
\pparel fabrics total
do_ __
Other than Government orders total
do
IVIen's and boys'
do
1.275
1.125
1.175
1.230
1.080
1.175
1.225
1.075
1.175
1.182
1.095
1.212
1.160
1.090
1.225
1.155
1.088
1.225
1.125
1.070
1.225
1.125
1.065
1.175
104.7
104.7
103.5
102.2
102.2
102.2
102.2
101.0
Prices, wholesale, suiting, f.o.b. mill:
Flannel men's and boy's
..1947-49=100-.
Gabardine women's and children's
__do
108.1
92.4
74, Oil
72, 624
71, 820
32, 336
39, 484
108.1
92.4
108.1
92.4
r
r
r
r
80,719
79, 303
78, 453
32, 288
46, 165
108.1
92.4
108.1
92.4
108.1
92.4
106.3
92.4
106.3
92.4
1.125
1.065
1.175
1.125
1.036
1.075
1.125
1.025
1.075
1.125
1.025
1.075
1.125
1.025
1.075
98.5
98.5
97.2
97.2
96.0
68, 507
66, 974
66, 579
24, 838
41, 741
106.3
92.4
1.125
.988
1.075
60,058
58, 555
57, 046
22,298
34, 748
106.3
92.4
106.3
92.4
106.3
90.8
105.1
90.8
TRANSPORTATION EQUIPMENT
AIRCRAFT
Manufacturers of complete types:
Aircraft, engines, propellers, parts, etc.:
Orders new (net) Quarterly total
mil. of dol
Backlog of orders total end of Quarter
do
For TJ S military customers
do
Civilian aircraft:
Shipments
thous. of dol_. 96, 320
2, 262. 4
Airframe weight
thous oflb
Exports (commercial and civilian) J
thous. of dol_. 21, 928
2,865
2,732
12,220
5 783
3,065
2,593
12,
463
r
5, 691
2,607
2 836
11, 991
5 229
2,874
2 841
12, 496
5 406
112, 721
2, 647. 6
11, 926
90,299
2, 187. 5
48,078
127, 183
2, 662. 6
«• 54, 890
131,262
3, 159. 7
79, 413
109, 704 119, 965
2, 429. 1 2, 495. 8
37, 985
72, 573
97, 534
2, 031. 7
46, 641
108, 410
2, 232. 4
59, 244
81,002
1,910.1
30, 589
88, 068
2, 026. 7
37, 580
82, 199
2, 096. 9
36, 253
676, 712
661, 103
115, 268
96, 178
781, 030
241
241
656, 579
640, 924
124, 210
102, 305
789, 511
340
303
659, 730
644, 780
129, 441
105, 438
703,002
366
362
588,046
576, 817
114,590
92, 557
725, 665
451
432
607, 191
596, 861
118, 023
91, 268
717, 366
364
359
605, 582
596, 296
111, 420
89,022
501,223
424
414
421,355
414, 787
79, 444
64,053
390,326
358
347
324, 020
320, 681
65,948
53,331
463, 943
211
148
386, 694
378, 415
77, 038
66,006
703, 159
447
396
627, 678
610, 828
75, 034
60,589
687, 790
338
307
600, 495
580, 677
86, 957
73, 923
613, 905
251
231
520, 714
507, 757
92, 940
79, 802
«• 24, 677
12,311
r 12, 366
51, 200
50, 354
29, 652
13, 422
16, 230
68, 469
66,242
31,771
13, 050
18, 721
69, 856
67, 461
29, 468
11, 626
17, 842
58, 241
56, 659
•• 31, 106
9,526
' 21, 580
51, 208
48, 153
29, 216
7,418
21, 798
38, 077
35, 355
26, 081
31, 485
6,460
4,386
27,099
19, 621
34, 265 r' 22, 347
30, 988
20, 885
14, 411
5,105
9,306
24, 717
22, 916
26, 643
14, 182
12, 461
26, 688
24,811
26, 461
15, 965
10,496
21, 215
19, 985
30, 897
12, 343
18, 554
29, 065
27, 443
6,145
3,903
590
6,534
4,023
497
7,020
3,990
688
5,890
3,389
998
5,427
3,241
628
5,284
3,096
719
3,946
2,391
491
4,129
2,511
665
3,616
2,194
365
3,775
2,162
2182
3,588
2,154
2
98
3,128
1,878
386
3 017
1,738
447
3 430,116
3 58, 234
494, 178
69, 588
596, 669
89, 627
647, 287
95, 009
647, 055
93, 460
595, 864
85,535
546. 535
79, 674
525, 400
81, 440
458, 765
76, 072
547 461
74, 158
543, 042
67, 477
544 278
73, 250
413 563
2,869
1,633
1,613
1,236
5,761
3,952
3,940
1,809
48, 369
24, 848
24, 649
23, 521
5,052
3,525
3,525
1,527
3,480
1,667
1,667
1,813
46, 522
22.915
22, 716
23,607
5,950
4,408
4,408
1,542
2,011
1,891
1,887
120
42, 334
20, 149
19,946
22, 185
5,569
4,200
4,200
1,369
5,352
4,357
4,357
995
41, 206
20, 485
20, 282
20, 721
5,945
3,564
3,564
2,381
2,297
1,738
1,726
559
36, 321
18,607
18, 392
17, 714
6,218
3,873
3,873
2,345
316
249
249
67
29, 770
14, 349
14, 134
15, 421
4,149
2,737
2,650
1,412
1,331
672
672
659
26, 798
12. 440
12,300
14, 358
4,315
2,506
2,450
1,809
1,334
709
708
625
23, 951
10, 773
10, 688
13, 178
4,355
2,984
2,929
1,371
2,206
2,200
2,200
6
21, 692
9,874
9,844
11,818
4,657
3, 185
3,160
1,472
5,864
906
906
4,958
22 905
7,616
7,611
15, 289
3,944
2,210
2,205
1,734
3,740
2,692
2,692
1,048
22, 781
8,178
8,178
14,603
4,291
2,661
2,642
1,630
2,724
1,484
1,465
1,240
21, 070
6,857
6,857
14, 213
3 515
2 261
2,261
1,254
1 339
427
427
912
18 894
5,023
5 023
13 871
9
9
282
282
18
18
282
282
12
12
315
315
21
21
294
294
24
24
270
270
13
13
282
282
7
7
315
315
27
27
288
288
32
32
256
256
33
33
223
223
21
21
202
202
26
26
176
176
14
14
162
162
1,676
7.3
1,675
7.5
1,676
7.6
1,674
7.7
1,673
8.1
1,674
8.2
1,672
8.6
1,672
8.8
1,668
8.9
1,666
8.9
1,664
9.2
1,662
9 4
1,659
9 7
MOTOR VEHICLES
Factory sales, total
Coaches total
Domestic
Passenger cars total
Domestic
Trucks total
Domestic
.- - - -
- .number. _
do
do
do
do
do _
do
Exports to tali
Passenger cars (new and used)
Trucks and buses
Imports (cars, trucks, buses), totalcft
Passenger cars (new and used)c?
Production, truck trailers: A
Complete trailers total
Vans
. __
Chassis van bodies, for sale separately.
Registrations : O
New passenger cars
New commercial carst
- - -
do
do
do
do
do
do _
do
. do
do
do
792, 351
371
338
485, 933 P1449,500
p i 220
278
278
406 616 P1364,900
395, 075 1
79, 039 P 84, 300
67,407
RAILROAD EQUIPMENT
American Railway Car Institute:
Freight cars:
Shipments, total
_
number _
Equipment manufacturers, total
do
Domestic
do
Railroad and private-line shops, domestic, do
New orders, total t- 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) t
.number-.
r
28,803
27, 255
97
329
67
43
48
28, 939
27, 460
148
190
68
53
68
3
28, 972
27. 383
89
119
38
23
23
28 911
27 095
32
122
55
72
66
Revised.
"Preliminary.
1 Preliminary estimate of production.
2 Excludes data for van bodies.
Figures for one State are incomplete.
cfData cover complete units, chassis, and bodies.
ARevisions for 1957 (except for detachable van bodies) are available upon request.
ONew registrations in Alaska and in Hawaii are included effective with data for January 1959 and January 1960, respectively.
^Scattered revisions for woolen and worsted goods production (1958), aircraft exports (1958-59), motor vehicle exports and imports (1958-59), truck registrations (1958-May 1959), freight car
Dew orders (1955-59), and for locomotive exports (1959) are available upon request.
§Excludes railroad-owned private refrigerator cars.
INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40
SECTIONS
General:
Business indicators
Commodity prices
___.
Construction and real estate
Domestic trade
2-5
6, 7
7,8
9
~* *
-~
- ---
Employment and population
Finance
International transactions of the U.S
Transportation and communications
11-15
16-20
21,22
23, 24
Industry:
Chemicals and allied products
Electric power and gas
Food and kindred products; tobacco .
Leather and products
Lumber and manufactures „
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and printing..
Rubber and rubber products
Stone, clay, and glass products
Textile products
Transportation equipment
24,25
25,26
~2°
30,31
26
31
32-34
_ 35,36
36,37
. _. —
37
38
38-40
40
INDIVIDUAL SERIES
A dvertisin g
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
B arle v
. . ..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 f a n s _ _ _ . _ .
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, IS, 19, 20, 24
Confectionery, sales
,
29
Construction:
Contract awards
8
Costs
8
Employment, hours, earnings, wage rates
12.
13,14,15
Highways and roads..____
7, 8,15
Housing starts
,.
8
New construction, dollar value
.
1,7
Consumer credit
—.
17
Consumer goods output, index_.._
2,3
Consumer expenditures_. _ „ _ _
._
1,9
Consumer price index
._ _
6
Copper......
^
. - - . _ - _ _ _ _ _ _ 22,33
Corn. ......
.
27
Cost of living (see Consumer price index) ..
6
Cotton, raw and manufactures _ „ _ _ _ _ _ _ _ _ 6 , 7 , 2 2 , 3 9
Cottonseed, cake and meal, oil
_._._
30
Credit, short- and intermediate-term
17
Crops
__.
_- 2,6,27,30,39
Crude oil and natural gas
3, II, 13,14,15,35
Currency in circulation
.....
__ 18
Dairy products
__.
Debits, bank
.
Debt, U.S. Government
..__.__.
Department stores
Deposits, bank
.__.
Disputes, industrial
Distilled spirits.
Digitized Dividend
for FRASER
payments, rates, and yields
Drug-store sales
.
__.
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
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.-. _ , 19^30
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 o f _ _ .
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, 7,12,13,14,1.5,18, 22,36,37
Parity ratio
6
Passports issued24
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
_._.J'
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
,
L . 1,18,19
Public utilities
2,3,6,7,12,13,14,15,19,20, 26
Pullman Company
.__•.
24
Pulp and pulpwood
36
Pumps
.
34
Purchasing power of the dollar_,
7
Gas, output, prices, sales, revenues
3, 6, 25, 26
Gasoline
9,35,36
Glass and p r o d u c t s . . _ _ _ _ _ _ _ _
38
Generators and motors-.
34
Glycerin __.
__.
24
G old _ .
_„
18,21
Grains and products
6, 22, 23, 27, 28
Grocery stores
10
Gross national product
1
Gross private domestic investment
1
Gypsum and products__.,„,___
7,38
Hardware stores
.
9,10
Heating apparatus
_______
7,34
Hides and skins
__.
7,30
Highways and roads
,,
.
7,8.15
Hogs
.
' 28
Home Loan banks, loans outstanding.
, ___
8
Home mortgages
_. _ _
8
Hosiery
... _ .
.
38
Hotels
»_.
. 12,13,14,15, 24
Hours of work per week____
13
Housefurnishings
„
6, 9,10
Household appliances and radios, , _ _ 3.6,9,10,34
Housing starts
.
...
__
8
Imports (see also individual commodities)
21,22
Income, personal
__....,
1
Income and employment tax receipts
17
Industrial production indexes:
By industry
.
2,3
2,3
By market grouping
.
..
_„_
Installment credit
.
.
17
11
Installment sales, department storesInstruments and related products
3,12, 13,14
34
Insulating materials
._
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
Lamb and mutton
28
Lard
__
28
Lead.
33
Leather and products
3, 7,12,13,14,15 30,31
Linseed oil.
,
,_
.
30
Livestock._.
2,6 23,28
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit)
8,16 17,19
Locomotives—„___
,
,
_ _.
40
Lubricants
._____,
.... 35,36
Lumber and products.
.
3,
4,5,7,8,9,10,12,13,14 ,18,31
Machine tools _ _ ,
.
34
Machinery _ _ _ _ _ _ _ _ _ _ _ 3,4,5,7,12,13,14,19.22,34
Mail-order sales, catalog
10
Manmade fibers and manufactures
7,39
Manufacturers' sales, inventories, orders
4, 5
Manufacturing employment, production workers, payrolls, hours, earnings
11,12,13,14,15
Manufacturing production indexes
__
2,3
Margarine
_,
29
Meats and meat packing
. 2, 6,12,13,14, 28
Medical and personal care_
,_
_.. _
6
Metals....
3,4,5,7,11,12,13,14,15,19,32,33
Milk
...
.
27
Mining and minerals... . 2,3,11,12,13,14,15,19, 20
Monetary statistics
„
18
Money supply_ _ .
_ „ _ _,
18
Mortgage loans
8, 16,18
Motor carriers
.
23
Motor vehicles... 3,4, 5, 7,9,10,12,13,14,15,19,40
Motors
.
34
Oats
...
'_
27
Oil burners
,.'
.__
34
Oils and fats, greases
„ 6, 29,30
Orders, new and unfilled, manufacturers*...-.....
5
Ordnance
... 12,13,14
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
Saving, personal
_,„•
,_
1
Savings deposits .
. _ ,,
16
Securities issued___.
....
19
Services
.
_
„. 1,9,12,13,14
Sheep and lambs
28
Ship and boatbuilding
.
12,13,14
Shoes and other footwear
7,9,10,31
Silk, prices, imports, production _.
;_._,' 7.39
Silver.
.
.
18
Soybeans and soybean oil
30
Spindle activity, cotton..
___
39
Steel ingots and steel manufactures.._..,
3,32,33
Steel scrap
.. _..__._
32
Stocks, department stores
;___,„_
11
Stock prices, earnings, sales, etc
__
20
Stone, clay, and glass products
,___
3,
4,5,12,13,14,19,38
Stoves and ranges..
_
.....
34
Sugar
.
___
22, 29
Sulfur...
.....
_„;
25
Sulfuric acid
_,„_,_,_•
24
Superphosphate
.„_.
25
Tea imports
,__
-_.*_»_._
29
Telephone, telegraph, cable, and radio-telegraph carriers
.
12,13,14,15,20,24
Television and radio
,_,
_
3,6,9,34
Textiles and products
_,
„_-..
3,
4,5,7,12,13,14,15,18,22,38,39,40
Tin
.
i
22,33
Tires and inner tubes
_.
7;9,10,37
Tobacco and manufactures.
..
_,
._„
3,
4,5,6,7,8,12,13,14.15,32,30
Tractors
_.«_....« 22,34
Trade.,
5,9,10,11,121,13,14,15,17, 30
Transit lines, !ocal
_„..___
23
Transportation and transportation equipment. __ 3,4, 5,6,9,12,13,14,1*;, 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, IB, 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 mdexes
- _ _•
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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