Full text of Survey of Current Business : March 1964
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MARCH 1964
survey of
CURRENT
BUSINESS
U.S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
SURVEY OF CURRENT BUSINESS
MARCH 1964
VOL. 44, NO. 3
U.S, Department of Conimerc<
Luther H. Hodges
Secretary
Office of Business Economics
George Jaszi
Director
Contents
Louis J. Paradiso
Associate Director
Murray F. Foss
Editor
K. Celeste Stokes
Billy Jo Hut
Statistics Editor
Graphics
PAGE
THE BUSINESS SITUATION
Summary
1
The Revenue Act of 1964
3
STAFF CONTRIBUTORS
TO THIS ISSUE
Business Situation:
Manufacturers' Inventory and Sales Expectations-
Lawrence Grose
First Half of 1964
5
Robert B. Bretzfelcler
Charles W. Walton
Marie L. Ilertzberg
ARTICLES . . .
Business Expects Plant and Equipment Expansion and
Larger Sales in 1964
Articles:
Lawrence Bridge
8
Genevieve B. Wimsatt
The Balance of Payments in 1963
14
Dorothy Gerli riger
Walther Lederer
and Staff
REVISED STATISTICAL SERIES
24
CURRENT BUSINESS STATISTICS
General
S1-S24
Industry
S24-S40
Subject Index
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2-901L
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2-3300.
By the Office of Business Economics
uctuon
r EBRUARY was another month of
increasing business activity. Nonfarm
employment moved up to a new high,
and, together with a pickup in weekly
hours, was responsible for a good-sized
gain in payrolls. Rising consumer demand appears to be providing most of
the impetus to overall production so
far in the first quarter. Retail trade
continues to advance, with automobile
sales particularly strong. Now that
the tax cut has become law, the stimulating role of consumer buying should
be reinforced.
Activity is being buttressed by a high
rate of fixed investment. The 1964
annual OBE-SEC survey of plant and
equipment expenditures, reported in
detail further on, indicates that business
investment in the first quarter will continue at the high rate of the closingquarter of 1963. Sizable advances in
expenditures are programed for the
remaining quarters of the year. For
1964 as a whole a 10-percent increase
in capital outlays over 1963 is expected.
Residential construction outlays so far
in the first quarter are at peak rates.
While seasonally adjusted outlays have
not changed much from those of last
year's fourth quarter, housing starts,
which lead outlays, suggest some further increase. Private nonfarm starts
in January were at an annual rate of
1.67 million, up from the 1.62 million
rate of the fourth quarter and the
1.56 million rate for 1963 as a whole.
A rise in business inventory investment added to the advance in total
output in the closing months of 1963.
While stocks on an overall basis are
low relative to sales, the effect of inventory investment on the change in output in the present quarter is still uncertain, in view of the slight decline in
total business stocks in January and the
small increase projected by manufacturers for the first quarter of this
year. It is significant, however, that
according to the latest anticipations
survey manufacturers expect to make
good-sized additions to their stocks in
the second quarter.
The seasonally adjusted unemployment rate fell slightly to 5.4 percent—
about the low part of the range over
BUSINESS INVESTMENT
B u s i n e s s m e n E x p e c t in 1964 a 10 Percent
Increase Over 1963 in Plant and Equipment
Expenditures
Billion $
50
PLA NT AN!) EC2U PMEhxlT EX PE NE>!T URES
\
X'
30 -
Employment and hours advance
The employment picture looks much
better than it did last month, when
bad weather during the survey week
affected the figures, particularly in
outdoor activities. The seasonally adjusted establishment total rose approximately 300,000 in February.
Gains were most pronounced in contract construction, where employment
had fallen the month before, but
extended to most major industry divisions. There was a modest increase
(about 50,000) in manufacturing. The
February all-industry total was 430,000
greater than the fourth quarter 1963
average and 1.6 million above a year
ago.
Hours of work in manufacturing also
recovered sharply from what appears
to have been an abnormally low level
in January. The seasonally adjusted
increase more than made up for the
January decline, and at 40.6 per week
is now about the same as the average
level of September-December 1963.
'A
/f
20 -
10 -
||
^Anticipated
Housing Construction in Early 1964 Holds at
High Fourth Quarter 1963 Rate
4
30 -
PRI VAT E N ON FARM H<DlJS irs!C
EX PEN DIT UR ES
Fl
? r
20 -
10 I | ':•:•
Manufacturers Plan Modest A d d i t i o n s '
to Inventories in F i r s t Half of 1964
20
r CHANGE IN MANUFACTURING
AND TRADE INVENTORIES
Total
Ltd
1960 61 62 63 64
Years
^ Based on 2 months
n fl
1963
' 1964
Anticipated
rterly, Seasonally Adjusted,
D c t o : OBE-SEC-Census
'U.S. Department of Commerce, Otiice of Business Economics
64-3-1
SURVEY OF CURRENT BUSINESS
which it has fluctuated in the past 2
years.
Personal income unchanged, payrolls
higher
Personal income in February was
unchanged from the January seasonally
adjusted annual rate of $478 billion.
Jf transfer payments are excluded,
however, the February total was up by
$2% billion over the month. January
transfer payments had included the
large accelerated dividend payment to
holders of GI life insurance.
Consumer Income and All Major Groups
of Spending at Peaks as Tax Cut
Becomes Effective
Billion $ (ratto $colej
500
450
Persona! Consumption
Expenditures
100
Ratio of Personal Consumption
98 ~
Expenditures to Disposable
Personal income
96 _
94
With man-hours up over the month
and rates of pay about unchanged, wage
and salary disbursements in February
rose by approximately $2 billion on an
annual basis. Other types of personal
income from current production were
little changed on balance.
Wholesale industrial prices firm
Prices in wholesale industrial markets
have been firming since about last
summer although the overall increases
that have occurred have been very
small and thus far have not shown any
acceleration. The BLS index of
wholesale prices of commodities other
than farm and food products lias tended
to rise since last spring. February
1964 prices, which were unchanged
from those of the month before, were
about 0.8 of 1 percent above the second
quarter 1963 average. Price increases
continue to be selective rather t h a n
widespread, limited in size and ofl'sei in
part by price decreases.
The comprehensive index of industrial prices has increased much less than
the volatile spot price index of basic
"industrial" commodities, which rose
about 5 percent from late August 1963
to the end of February of this year,
but which was still lower than the 1961
March 1964
average. This sensitive index is confined to a handful of commodities for
which daily spot quotations are available. It was little changed, on the
average, from January to February
but edged down late in February and
early March because of some softening
in steel scrap and lead scrap quotations.
Interest rates stable
Interest rates have shown little
change so far this year. Yields on
Treasury bills and prime commercial
paper have fluctuated close to the
average levels of late 1963, after having
risen rather sharply in the months
following the increase in the discount
rate last summer. Yields on corporate
bonds, which rose only slightly in the
second half of last year, have likewise
shown stability in 1964 and mortgage
yields have moved in the very narrow
range which lias prevailed since last
spring. The rise in the discount rate
by the Bank of England in early March
lias had little effect on domestic money
markets.
Corporate profits up
Corporate earnings before taxes, excluding inventory profit, rose $1%
billion in the fourth quarter of 1963 to
92
90
Table 1.—National Income by Type of Income (1-8, 1-9)
1953-63 A v e r a g e
SB
[Billions of dollars]
..LI..Ij..J..l..l.iiL>.M..l.i.LI.Ll.l.l.Ll.<l.Li.i.LLljLLl.l.l..U I...!.!
1953
55
57
59
61
63
1962
fUtoft $ {rotio scale)
200
I'.tt'.l
r. «'.•_>
19M3
19 o:}
I
IV
11
III
JV
Seas mally ac j u s t e d a a n n u a l ,,,,,s
150 Nation;.! income. _
Compensation of employees
.
_ __
Prix at e._ .. _
.. _
. .
Military...
_ _ _ _ _ _
Government PIN ilian
, ._
Supplement to v, a^es and salaries..
E m p l o y e r c o n t r i b u t i o n s foi social insurance
< Hher labor income...
Emplo\ t> c o n t r i b u t i o n s to private pen -ion
a n - 1 weliare funds
Other
Seasonally Adjusted, at Annual Role*
&$, Department af Commerce, Office of
13.7
12. 1
310.4
31'' 3
2"«3 0
11.0
4\ 3
2S.O
1-1. 4
12. 0
4(;-2. 2
K.6. 7
474. 6
IS2 <f
• 48!;. 3
:,27. 7
3( ) \ ~)
244. 7
10. •"
^..3
2'1.. 2
13. 8
12. 3
332. 0
Hi) 4 ">
2f(i. 7
10.7
47. 1
338. 7
342.8
314 o
255. 1
10. *
4S. 7
28. 2
347.9
Xj( |X
10. s
47.8
15' ()
12. 1
£J
12. n
50.7
37 9
50.0
37 4
i")! :>
12. 7
V|U
\
25S. 1
11. s
49. 5
28. 5
15. 7
12.8
l
). .">
2. 6
48.1
49.8
30 5
50. 5
37 7
50.3
30 9
.0
13. 3
12.8
13. 4
13. 5
12 6
1° 7
V> (i
12.1
12.0
12.1
12.0
12.0
12.0
12.1
12.2
Corporate profit and inventory valuation adjustment-Fronts before t a x
Profits tax liability
Profits a f t e r t a x
Dividends
Undistributed profits
Inventory valuation adjustment
43. 8
43 8
22.0
21. S
15 3
0. 5
.0
47.0
40 8
51. 1
51 5
24.4
27. 1
17 8
9.3
— .4
49. 3
48 4
50.1
51 0
24.2
26.8
17 0
9.2
— 9
52.2
' 53. 4
8.4
9
48.8
48 3
22. 9
25. 4
17 1
8.3
.4
24 7
27.5
17 6
9 8
.0
'~>5 8
28.7
18 8
9 8
— 1. 1
Net interest
20.0
22.0
24.1
23.0
23.3
23.7
24.3
25.0
Rental income of persons
i.i 1 1 ill i i i.l,ml ML{..u.i In rt mh ii ii n In.i In
57
59
61
-63
:S5
to'.. 7
322. 9
')<i7 1
211. f>
1'J. S
14.7
s.O
2.4
Proprietors' income
Business and professional
Ineoine of ' iiniiicorpor'itcd enterprises.- _
I n v e n t o r v valuation adjustment
Farm
1953
421.. 1
302. 1
'•'7 ^ ^
227 0
10. 2
41. C>
23. 3
11.9
11 1
_ .
_ .
35 3
35. 3
0
12.8
__
30. 5
24 (5
16 f>
8 1
1
. _
__
•)•> <i
25. 5
17 1
50 5
37 8
50 8
",O •)
1. Fourth quarter and annual 1963 national income total and the corporate profits share are based on preliminary estimates
and are subject to revision in next month's S U R V E Y .
SURVEY OF CURRENT BUSINESS
March li>64
reach a record $53^ billion rate.
Profits including such inventory gains
rose more sharply— $2.3 billion— as
prices of goods held in inventory
increased.
The profit advance in the final
quarter of last year, a continuation of
the upward movement that started last
spring, carried total corporate earnings
for 1963 to an all time high of $51
billion, up $4 billion from 1962. On an
after-tax book profits basis the total for
1963 was $27 billion, $2% billion above
the 1962 amount. Last year's profit
increase was noteworthy because it
came in the third vear of a cyclical
expansion ; during previous postwar
economic advances, profits have generally stabilized or started to decline
earlier.
With corporate profits data now
available, national income is estimated
at $489 billion in the final quarter of
last year, $7.3 billion or \}( percent
higher than the third. For the year as
a whole, national income totaled $478
billion, $25 billion more than in 1962.
The fourth quarter and full year 1963
national income and corporate profits
figures are based on preliminary data
and may be revised in next month's
SURVEY.
The Revenue Act of 1964
AS a result of the Revenue Act of 1964,
which was signed into law on February
26, personal and corporate income tax
liabilities are estimated to fall by over
TAX REDUCTIONS RESULTING
FROM RECENT MAJOR CHANGES
IN FEDERAL INCOME TAX LAWS
AND REGULATIONS^
Billion $
REVENUE ACT
OF 1964 ;
Effective 1965
Effective 1964
— 5
1962 CHANGES
0
Total
Corpo- Personal
rate
_]/ Based on 1963 Income levels
U.S. Department of Commerce, Office of Business Economics
Data: Treas.-OBE
64-3-3
income tax rates—one to take place on
1964 income and a smaller reduction on
1965 income—the withholding tax rate
is being cut immediately in line with the
lower 1965 rates. The reduction, from
18 to 14 percent, will reduce current
collections through the withholding system for 1964 by more than the decrease
in 1964 tax liabilities, in spite of the
higher withholding rates that were in
force in January and February.
If, as is widely believed, taxpayers
do not decrease the number of exemptions they claim or alter their quarterly
declarations; net underpayments in
1964 will total about $% billion more
than they customarily do. Consequently, final settlements in early 1965
will involve larger than usual payments
by some taxpayers and smaller than
usual refunds to others.
Increased disposable income
The tax cuts are being reflected in
withholding rates effective March 5;
this month disposable personal income,
$7l/2 billion in 1964 and by $11% billion which measures after-tax earnings, will
in 1965 and later years. Personal tax be $7 billion to $8 billion higher, at an
liabilities alone will decline $6 billion in annual rate, than it would have been
1964 and a further $8 billion in 1965, in the absence of the tax cut. I n
for a total of $9 billion. These calcu- April and succeeding months—when
lations, which were made by the Treasury Department, are based on 1968 Table I.—Adjustments of Department of
Commerce Estimates of Personal Income
income levels. If the economy conin Arriving at Adjusted Gross Income,
tinues to expand and if the revenue
1961 and 1963
[Billions of dolhirsj
measure further stimulates business
activity, as is generally anticipated, the
1961 1963
effect of the Kevenue Act on liabilities
1. Personal income.
463. 0
will, of course, be greater.
2.
Portion
of
personal
income
not
included
in
Including the $2}< billion reduction
adjusted gross income
(a) Transfer payments (except fees and
in business tax liabilities through the
military retirement pay)
(b) Other labor income (except pay of miliInvestment Tax Credit and administratary reservist s)
1
(c) Income in kind and imputed income.
tive changes in Depreciation Guidelines,
(d) Other types of personal income
which were introduced in 1962 for the
purpose of stimulating capital invest(a) Employee and self-employed persons
ment, the total annual reduction in
Federal individual and corporate inadjustments for conceptual differcome taxes amounts to more than $14 4. Total
ences (2-3)
billion. The accompanying chart illus- 5. Estimated adjusted gross income of taxable and nontaxable individuals
trates these reductions and their
division between corporations and pern.a. Not available.
p Preliminary.
sons. In relative terms the cut in tax
liabilities for each group is about
the new withholding rates will be effecone-fifth.
tive for the entire month—after-tax
Personal tax payments drop more income will go up by about another $2
than liabilities in 1964
billion as the direct result of the tax cut,
Although the new tax legislation calls for a total increase of roughly $9K billion
for a two-step reduction in individual or 2% percent at an annual rate. The
SURVEY OF CURRENT BUSINESS
corresponding figure for calendar year
1964 (assuming no changes in exemptions or declarations) will be nearly $8
billion, which is approximately 2 percent of disposable personal income.
While personal tax liabilities will drop
further next year, there will be little
change in disposable income directly
traceable to the tax cut; disposable
income is related to tax payments, not
liabilities.
Nearly all of the reduction in personal
income taxes during 1964 and in later
years is traceable to rate changes; while
there are several structural revisions
in the income tax law, their effects are
estimated to be largely offsetting. The
structural changes which increase taxes
will add about $0.7 billion but this is
nearly offset by reductions of $0.5
billion. Rates, on the other hand, fall
from a 1963 range of 20 percent on the
lowest bracket to 91 percent at the
top, to a range of 16-77 percent for
the current year, and 14-70 percent in
1965.
The personal tax base
Tables I and II show the relationship
between the individual tax base and
the total of personal income for 1961
arid 1963.1 The data show that justover one-half the adjusted gross income, and a somewhat smaller proportion of personal income, have been
subject to tax. These tables are based
on the previous laws and regulations.
Data are not available to incorporate
i The estimates for 1963 are preliminary.
Table II.—Derivation of the Individual
Income Tax Base for 1961, and Estimated
Base for 1963
[Billions of Dollars]
1961 1963 P
362.9
Deduct: Xon taxable and nonreported adjusted gross income
Equals: Adjusted gross income of taxable
individuals
Di-duet: Deductions of taxable individuals.. _
(a) Standard deductions
(1>) Itemized deductions
Equals: Net income of taxable individuals...
Deduct: Personal exemptions of taxable individuals
Equals: Taxable income of individuals
Add:
Estimated taxable income of fiduciaries
Equals* Total personal income taxed
_ __
405.3
51.6
52.6
311.3
47.2
11.6
35.6
264. 1
352.7
55.0
12.0
43.0
297.7
82.5
181. 6
88.2
209. 5
1.1
182.7
1.2
210.7
NOTE.—For detailed 1960 data (tables I and II) see May
1963 Survey, page 3. The method follows that developed by
Joseph Pechman in "Yield of the Individual InconK1 Tax
During a Recession," National Tax Journal, March 1954.
.Source: U.S. Department of Commerce, Office of Business
Economics and U.S. Treasury Department.
March 1064
Full Year Effect of Major Tax Changes Directly Affecting Individuals, by Adjusted Gross
Income Classes *
[Millions of dollars]
Adjusted gross income classes
(thousand dollars)
Estimated
taxable
adjusted
gross
income
Tax
liability
previous
law
Taxable
adjusted
gross
income
after
Federal
income
tax under
previous
law
0-3
18, 280
1,450
16 830
3-5
42, 930
4,030
38 900
5-10
163, 050
18, 300
Tax
liability
under
Revenue
Act of
1964
Taxable
adjusted
gross
income
after
Federal
income
tax under
Revenue
Act of 1964
Percentage
increase
in taxable
Percent
decline
adjusted
gross inin taxes,
due to
come after
Federal
Revenue
tax, due to Act of 1964
Revenue
Act of 1964
885
17 395
34
945
39 9g5
9 g
144 750
14 5?5
148 525
9
39 0
°6 9
9() f,
10-20 ...
84, 540
12,710
71 830
10 550
73 990
30
17 0
20-50
29 720
6,760
22 960
5 715
94 Q05
4 t>
15 5
59+
11 800
4,170
7 630
3 620
8 180
72
13 •?
350, 320
47, 420
302 900
38 240
312 080
30
19 4
Total
1. At 1963 income levels, excluding capital gains.
NOTE.—Amounts of adjusted gross income, tax and tax changes exclude capital gains taxed at the alternative rate.
Source: U.S. Treasury Department.
changes resulting from the new legislation, which will probably reduce the
base, but not alter the percentages
subject to tax to any major extent.
The most important changes which
will reduce the tax base are the regulations permitting a minimum standard
deduction in excess of that previously
allowed low-income taxpayers; the doubling of the dividend exclusion; and
the deduction of moving expenses from
taxable income in certain instances.
Partly offsetting these reductions are
increases in the base from the prohibition against itemizing deductions for
certain State and local taxes; the
tightening of rules governing the exclusion of sick pay and deductions for
casualty losses.
billion each—are in the $3,000-$5,000
and the $20,000-$50,000 groups. The
relative tax decline is greatest for the
lowest income group—two-fifths—
and the cuts decrease as income rises,
falling to a 13-percent decline for the
top bracket.
In contrast, the relative gain in income after taxes in the lower and middle income groups—which embrace
over 95 percent of all taxpayers—is
fairly uniform, ranging from 2% to 3;<o
percent. For the upper income groups,
the relative gains in after-tax income
are greater, e.g., 4% percent for adjusted gross incomes of from $20,000 to
$50,000, and more than 7 percent for
incomes above $50,000.
As a result of the new law, Federal
corporate income tax accruals would
Tax cuts by income class
fall about $1% billion calculated in
The accompanying table shows the terms of 1963 profit levels. A cut of
effects of the 1964 Act on families and this size \vould amount to 6 percent
individuals by adjusted gross income of last year's after-tax profits of $27
class, i.e., it divides taxpayers into billion. Corporate taxes are to be
groups according to the size of their reduced an additional $% billion through
adjusted gross income based on 1963 a further cut in rates in 1965, bringing
income levels and patterns. It shows the total business cut to $2}£ billion,
that the decline in tax liabilities from or nearly 10 percent.
Corporate taxes will be cut primarily
$47 to $38 billion is approximately a
20-percent reduction and increases ad- through a reduction in the maximum
justed gross income after taxes by 3 tax rate from 52 percent in 1963 to 50
percent. Nearly $4 billion of the $9 percent in 1964 and to 48 percent in
billion cut is centered in the tax bracket 1965. A part of the immediate revenue
where most income is concentrated— loss to the Federal Government will be
$5,000-$10,000 per year. There is a made up through a gradual speedup in
reduction of $2 billion in the second tax payments schedules.
Small corporations will receive sublargest income group—$10,000-$20,000.
The other major cuts—more than $1 stantial tax reductions this year. The
March 1064
tax rate on the first $25,000 of income
has been reduced from 30 percent to
22 percent, but the rate on net corporate
income above $25,000 has only fallen
from 52 percent to 50 percent this year.
In 1965 and later years, the tax rate on
the smaller corporations will remain at
22 percent but the rate on earnings
above $25,000 will drop from 50 percent
this year to 48 percent in the next.
The only major structural revision is
the repeal of the requirement to reduce
the depreciation basis of assets eligible
for the Investment Tax Credit enacted
in 1962. The original law allowed most
business concerns to deduct 7 percent
of the value of certain new investments
from their taxes for the year in which
the equipment was purchased, but permitted business firms to depreciate only
93 percent of the investment outlay.
Thus, over the life of the asset, the old
law gave an effective tax credit of
about 3K percent (at overall effective
tax rates of 50 percent). The present
la\v retains the 7 percent tax credit, but
permits depreciation of 100 percent of
the investment outlay. The effect of
this revision, while small in the first
year, about doubles the value of the
investment, tax credit over the depreciable life of the equipment.
The investment tax credit for 1963
is estimated at slightly more than $1
billion for corporations and at $0.2
billion for noncorporate firms. Without the recent revision, this credit,
because of additional taxes due to the
reduced depreciation base, would have
eventually eroded to about $0.6 billion.
Comparisons ivith other major tax
cuts
There have been two other major
income tax reductions since high wartime levels were first cut as World
War II closed. In 1948 personal taxes
were reduced by about $5 billion, and
in 1954 personal, corporate, and excise
taxes were reduced by about $7 billion.
Thus, in dollar terms the 1964-65
tax cut of $11)2 billion is the largest
on record. However, relative to tax
liabilities, the 1964-65 cut appears to
be only slightly larger than in 1948,
but clearly greater than in 1954.
The Revenue Act of 1948 cut personal income taxes by somewhat less
SURVEY OF CURRENT BUSINESS
than $5 billion, and eliminated gift
and estate taxes of about $250 million.
The major provisions of the act were
a general reduction in income tax rates,
an increase in personal and dependency
exemptions from $500 to $600, and the
introduction of income-splitting for
married persons.
In 1954 personal income taxes were
cut by somewhat less than $4 billion,
corporate taxes by more than $2 billion,
and excises by about $1 billion, for a
total tax reduction of about $7 billion.
Partially offsetting these cuts was a
rise in the social security tax rate that
increased personal and business contributions by nearly $1% billion in
total. Thus, the net personal reduction
came to about $3 billion ($4 billion
income tax less $% billion social security taxes) and the total net cut to
about $5K billion.
Comparisons of the effects of the
present tax cut and the earlier ones are
hampered b}^ the fact that the earlier
cuts occurred when underlying economic conditions were different. The
1948 cut appears to have bolstered
consumer buying and so kept the 1949
recession moderate and of short duration. The 1954 tax cut came in the
midst of the 1953-54 recession and
appears to have helped business activity
turn around after the middle of 1954.
In mid-1963, in order to stimulate a
lagging economy, the United Kingdom
also reduced income taxes. The British
tax cut was somewhat smaller than the
recent U.S. tax cut in relation to total
output, but it was undertaken following
the adoption of a general policy of economic expansion: There was a substantial increase in government spending for goods and services, sales taxes
were also cut, and there was a turn
towards an expansionary monetary
policy. An acceleration of economic
activity followed.
Manufacturers' Inventory and Sales ExpectationsFirst Half of 1964
MANUFACTURERS expect further
gains in sales to successive new records,
and continuing inventory additions in
the first two quarters of 1964, after
seasonal adjustment, according to a
survey conducted in February by the
Office of Business Economics. The
anticipated increases in the first half of
this year match the gains of the last
half of 1963, although the quarter-toquarter changes in inventories show
considerable fluctuation.
Manufacturers anticipate seasonally
adjusted sales rises of 1 percent per
quarter in the first half of the year. The
expected inventory additions of $%
billion in the first quarter and SI billion
in the second quarter compare with
actual increases of $400 million and
$1.1 billion, respectively, in the final two
quarters of 1963. If these rates eventuate, the stock-sales ratio will continue
at 1.7, a relatively low ratio which has
held with minor fluctuations since mid1961. The current survey also finds
some improvement in inventory condition from last November's survey. At
yearend 1963 only 13 percent of total
manufacturers' stocks were held by
producers who considered their stocks
"high" relative to sales and unfilled
orders; this was several points below
the ratios reported in the earlier
quarters of last year.
Sales are expected to reach $107
billion in the first quarter, and $108^
billion in the second quarter, after
seasonal allowances. If the 6 percent
sales rise from 1963 to 1964 projected
by the respondents to the manufacturers' plant and equipment survey
(reported elsewhere in this issue) proves
correct, sales will accelerate in the
second half of 1964 to an average level
SURVEY OF CURRENT BUSINESS
6
of over $112 billion per quarter. It
should be noted, however, that the
second half projection is determined by
a residual calculation using the results
of two different samples.
Similar sales expectations for durables and nondurables
Durable goods producers project sales
of almost $56 billion and $56% billion,
respectively, in the first and second
quarters of this year, after seasonal
adjustment. The rise of 1 percent per
quarter equals that of the second half
of 1963, but is only about one-third
the rate of advance in the first half of
last year.
Nondurable goods producers anticipate seasonally adjusted sales of $51
billion in the first quarter and $52
billion in the second, up % percent and
1V2 percent, respectively, from preceding
quarters. These gains are about in
line with the average quarterly rise
during 1963 of 1 percent.
Inventory additions moderate
Durable goods producers are planning to maintain their inventories at
the yearend level of $36 billion through
March, after seasonal adjustment. A
$650 million addition to stocks is
anticipated during the second quarter—
the largest increase in 2 years. In the
MANUFACTURERS' INVENTORY AND SALES EXPECTATIONS - FIRST HALF 1964
Sales Gains Expected to Continue; Anticipated Inventory Additions Are
Moderate With Stock-Sales Ratios Unchanged
DURA&IE GOODS MANUFACTURERS
HONDURAS t£ GOODS MANUFACTURERS
Billion $
Billion
Billion $
Maivh 1064
past year durable goods producers have
maintained somewhat less than 2
months supply of inventories on hand.
This ratio is expected to continue
thro ugh in i d y e ar.
Nondurable goods producers expect
to increase their stocks $300 million
from December 1963 to this March,
and by a similar amount from March
to June, after seasonal allowances.
After 9 months of stable inventories
from the end of 1962 to September of
1963, producers have evidently begun
to enlarge their stocks, expanding by
almost $600 million in the fourth
quarter of last year.
The 1960Js have been characterized
by a stable stock-sales ratio among
nondurable goods producers with stocks
equivalent to somewhat over 1.4 months
of sales. Manufacturers expect to continue operating at these ratios in the
first half of 1964.
General improvement
condition
— 40
"1*01 I I I I I I ,1 I I I I I I I l..,.l,...l.,l L.l Li I...L
60
61
62
63
64*
RATIO
3.0
2.5
2-5
I n v e n t o r y - S a l e s Ratio
2,0
Inventory-Sales Ratio
1.5
2.0
1.0
1959
60
61
62
63
64*
1959
60
61
62
63
64*
Ad fi
:d, quartsr$ are or
Ngrttprtes, &$d of qu$rtef> $ol«$t total for quarter
.63-3-4
in inventory
At yearend 1963, about 85 percent
of both durable and nondurable goods
inventories were in the hands of producers who regarded their inventories
"about right" relative to their current
sales and unfilled orders. Most industries indicated an improvement in
their inventory position over the previous quarter, as gauged by a reduction
in the proportion of stocks considered
"high".
The improvement was particularly
pronounced among durable goods producers. The "high" percentage in primaiy metals lias fallen steadily from
early 1962 to September and December
of 1963 (see chart). The "high" ratio
for metal fabricators, which had risen
from September 1962 to September
1963, fell back last December to a percentage below any period since 1958
except for the second half of 1961.
Among nondurable goods producers
the percent of inventories classified as
"high" fell from 14 percent at the end
of September 1963 to 10 percent in
December, with most major industries
recording declines. The December
"high" was at the average level in 1962.
SURVEY OF CURRENT BUSINESS
March 1004
Table 1.—Manufacturers' Inventories and Sales: Actual and Anticipated
; Billions of dollars]
1961
1962
I
II
III
IV
i
11
III
IV
I
53.7
31. 9
2l'. 8
53. 7
31 7
22. 0
53.7
31 6
22! o
54. 8
32. 2
22! 5
56.3
33 7
221 6
56.6
34. 1
22^5
57.1
34. 0
23'.1
57.4
33. 9
23! 5
58.4
34 9
23'. 5
53. 5
31. 6
21.9
53.4
31.4
22. 0
53. 9
31. 8
22. 1
55.1 ! 56.0
32.6 33. 4
22.4 22 6
56.7
33. 8
57.3
34. 1
23^2
57.8
34. 3
23.4
58. 1
34. 6
23. 5
58. 7
35. 2
23. 6
87.9
43.2
44.8
93. 5
48.2
45. 3
92.0
45. 3
46.7
97.2 ! 98.8 102. 5
49. 7 51. 1 54.3
47.5 47. 7 48.2
88. 6
43.7
44.9
91.5
46. 1
45.4
93.7
47.3
46. 4
96. 5
49.1
47.4
MANUFACTURERS' INVENTORY
CONDITION
1964
1963
In lot* 1963 &e Value of Stocks Held by Firms
Who Judged Their Inventories "High" Generally
Fell as o Percentage of the Totol
The Relative Improvement Wa* Pronounced Among
Metal Fabricators
IV
It
59.0 58.8
35. 5 1 2K 4
23" 5 23' 5
59.7
35. 6
24- 2
60. 7
36. 2
24. 5
61.7
37. 0
59. 1
35. 5
23^6
60. 1
36. 0
60. 4
36. 0
24. 4
61.4
36. 7
97. 8 100. 6 101.0 107.0 J102. 5 hflfi.8 106.0
49.1 51.7 51.9 57. 0 52.2 55. 8 55. 2
48.7 49. 0 49. 1 50. 0 50. 4 i 51. 0 50.8
i
111.2
III
II
Ill
Inventories, end of quarter
Unadjusted
All manufacturing
Durables
Xondurables
Percent of total inventories m each group
Seasonally adjusted
All manufacturing
Durables
Xondurables _
60
ALL MANUFACTURERS
24.7
40
99. 0
94 1
94*7
20
Sales, total for quarter
Unadjusted
All manufacturing
Durables
Xondurables
i
Seasonally adjusted
All manufacturing
Durables
Xondurables
99 6 100.2 100. 0
51.7 51.8 51. 5
47.9 48.3 48.5
i
99. 9 101. 9 104.4 105.0 1106.2 107. 1
51.1 52.6 54.2 54.8 55.3 55.9
48.7 49.3 50. 1 50. 2 50. 9 51.2
59. 3
51.9
!
108.3
56. 4
51.9
PRIMARY METALS
PRODUCERS
40
1. Anticipations reported by manufacturers in February 1964. Inventories have been corrected for systematic tendencies
in anticipatory data.
Sources: Anticipations, Office of Business Economics; actuals, Bureau of the Census (Revised series), U.S. Department
of Commerce.
Table 2.—Manufacturers' Evaluation of the Condition of Their Inventories 1
[Percentage distribution of inventories]
Total
Durables
Nona imibles
METAL FABRICATORS
High
5
8
12
5
18
26
19
24
65
66
70
26
29 !
24 I
24
72
69
75 i
75 |
2
2
1
1
33
34
30
27
65
65
69
72
18 i
14 1
10 '
10
85
88
88 I
1
2
2
1
20
15
11
10
81 i
5
9
15 1
6
11 1
H i
12
15
i
?
fr
>
79
84
87
88
1
1 !
2
2 i
16
13
9
9
1
i
i
|
f
i
J
>
8 i
}
March 31, 1962
June 30 1962
September 30 1962
December 31 1962
14 ;
15 ;
14 ,
84
84
83
84
!
;
;
i
2
2
2
2
19
17
18
17
80
82
81
82
i;
i ;
i |
9i
11 i
11
?
*
March 31, 1963
June 30, 1963
September 30, 1963
December 31, 1963
15
15
17
13 i
82 :
83 '
81
85 i
3
2
2
2
17
18
19
14
81
80
80
84
2
2 i
1
21
12
10 •
14 !
10 i
i
i
i
i
CO <M CO CO
»
I
CO M CO CO
*
15 1
17
10 co co t-
09
1
1
o o> cc o
?
TH <N 00 <M
80
72
72
75
High i A boi it | Low
righ t
<M »M <N <N
__
15
20
16
20
Low
iO CC 00 CO
March 31, 1961
June 30, 1961
September 30, 1961
December 31, 1961
About
! right
co 10 ac CR
March 31, 1960
June 30, 1960
September 30, 1960
December 31, 1960
High
co eo co T-I
—.
Low
"*cooc^i
March 31, 1959
Tune 30. 1959
September 30, 1959
December 31, 1959
Abo ut
rig]it
14 i
1
NONDURABLE GOODS
PRODUCERS
40
1958
1. Revised series. Condition of actual inventories relative to sales and unfilled orders position as viewed by reporting
companies. Percentage distribution of inventory book values according to company's classification of inventory condition.
t Soii'i«: U.S. Department of Commerce, Office of Business Economics.
I960
1962
1964
End of Quarter
- *%« of Business E
64-3-5 i
bv GENEVIEVE B. WIMSATT
Business Expects Plant and Equipment Expansion
and Larger Sales in 1964
USINESSMEX anticipate spendB
ing a record of $43.2 billion for new
terms. In the current expansion
expenditures for new plant and equipplant and equipment in 1964, a 10 per- ment increased 9 percent from the
cent increase over 1963. Current cyclical low in 1961 to 1962, slowed
capital budgets provide for a rising down with a 5 percent advance in 1963
trend in outlays through the year with as the recovery matured, and are now
the projected rate in the final half of programed to move up again at an
this year almost one-tenth higher than accelerated pace.
While the forces which influence
a year earlier. Associated with these
investment plans are expectations of investment are extremely complex and
1964 sales well in excess of the record not easily measurable, there is little
doubt that the general background for
1963 results.1
The expected rise in investment rests investment currently is distinctly favorupon a broad industrial base. All
major lines of business, except mining,
Most Industries Accelerate Capital
anticipate record outlays in 1964—
Spending Rates; Total Outlays
generally substantially above 1963.
Programed at Record $43 Billion
Increases range from 6 percent for
Percentage Change From Preceding Year
utilities to one-fourth for the railroads.
4
0
4
8
12
16
Manufacturers are projecting an ad. .
vance of 13 percent; communications
Anticipated
and commercial firms, 8 percent (see
y/* 1963 Actual
chart). Mining companies now plan to
spend about as much this year as last.
If the programs as now outlined are
carried out—and both the favorable
current business environment and the
large carryover of uncompleted investment projects at the beginning of this
year (discussed later) strongly suggest
that they will be—the recent investment expansion that started in mid1961 will have lasted 3% years. This
would exceed the 1955-57 advance in
duration, and would about match its
degree of rise measured in physical
volume though not in current dollar
196 4
1. These and other findings discussed in this article are
based upon reports filed by business firms in February 1964
in the regular investment surveys conducted by the Office of
Business Economics and the Securities and Exchange
Commission.
8
Data: QBE-SEC.
U.S. Department of Commerce, Office of Badness Economics.
64-3-6
able. Sales and profits achieved successive new highs each quarter last
year, and internal funds became available in unprecedented amounts, not
only through the expansion in retained
earnings but also through the accelerated depreciation rates of the new
guidelines and the investment tax
credit. A further sizable contribution
to cash flow in 1964 will be made by
the recent reduction in corporate tax
rates.
More importantly from an investment point of view, the cut in individual
taxes will increase overall demand to
ensure a more adequate utilization of
existing capacity, and is likely to cause
businessmen to revise upward their
evaluation of prospective plant and
equipment requirements. In addition,
the cuts in business tax rates per se
enlarge the expected net return on
business investment so that many previously postponed projects would now
appear attractive.
The investment programs now outlined for 1964 will be a substantial
stimulant to business activity this year.
Most directly affected will be the
equipment-producing industries and
their suppliers, where the inflow of new
orders has risen in recent months to
record levels. Industrial construction
contracts also are at new highs.
A few findings in the current survey
suggest a renewed emphasis on capacityincreasing expenditures. First, the
very size of the projected 1964 expenditure can result in a much more
significant rise in capacity than realized
in any year since 1957. Also suggestive is the fact, discussed more fully
SURVEY OF CURRENT BUSINESS
1004
below, that manufacturing firms holding about one-half of gross capital
assets report the need of at least some
additional capacity to meet their prospective 1964 sales volume.
Realization of 1963 programs
Actual expenditures in 1968 were
unusually close to projections made at
this time last year—$39.2 billion as
against an expected $39.1 billion. Capital spending programs in manufacturing, mining, and public utilities were
closely realized. The railroads and the
nonrail transportation group spent more
than originally planned—-14 percent
and 4 percent, respectively. Actual
outlays by commercial firms were
slightly under anticipations made in
February 1963.
Actual expenditures in the fourth
quarter of 1963 exceeded plans made
in November by somewhat over 1
percent. Anticipations for the first
Table 1.—Percent Changes in Plant and
Equipment Expenditures, 1962-64
19G2-63
1963-64
Antici- Actual Anticipated
pated
All industries '
5
10
7
13
12
17
-1
14
24
5
Manufacturing ! _ _
Durable goods industries l
Primary metals
]V1 achinery
Transportation equipment.
Stone, clav, and glass
11
16
-4
2
6
Nondurable goods industries L
Food and beverage
Textile
Paper
Chemical
Petroleum and coal
Mining
?
10
11
3
0
17
8
8
-4
2
5
0
3
2
12
5
27
33
9
12
-6
-3
-1
2
13
30
25
-11
-7
8
Public utilities
3
3
6
Communications
4
4
Commercial and other
5
5
Railroad
Transportation other than rail
I -
1. Includes industries not shown separately.
and second quarters of this year have
also been raised from those reported 3
months earlier. Most lines of business
either exceeded or equaled outlays
anticipated in November.
Rising 1964 trends widespread
(Capital expenditures are expected to
be at a seasonally adjusted annual rate
of $41% billion in the first quarter—or
Digitized for723-480
FRASER
°—64—2
about the same as actual outlays in late
1963.
Spending in the second quarter
is slated to rise 4 percent to $42%
billion, arid to increase further to a
$44^ billion rate in the second half of
the year.
Among most major lines of business
there is a recurrent pattern in the rate
of investment during 1964: little change
in the opening quarter, followed by
successive increases in the second
quarter and in the second half of 1964.
Exceptions are nonrail transportation
and mining companies, whose outlays
in the second half are now scheduled to
be somewhat lower than in the first 6
months of 1964. Within manufacturing, only the transportation equipment,
electrical machinery, and food industries
do not now show further increases in
the second half of this year.
Manufacturing
investment strong
Manufacturers spent $15.7 billion for
new plant and equipment in 1963, $1
billion more than in 1962. This year
they expect to spend $17.7 billion to top
the 1957 dollar record by more than $!}£
billion. Equipment and construction
prices have advanced over the period,
however, so that the volume of new
capital goods to be put in place this
year is probably about the same as in
the boom year 1957.
Since 1961, the rise in investment in
durable goods manufacturing has been
relatively larger than in most other
major sectors. This year expenditures
are projected at $9 billion, 14 percent
higher than in 1963; outlays had risen
12 percent in each of the two preceding
years. These industries had made very
sharp cutbacks in capital spending in
1958 arid had shown the weakest expansion in 1959-60.
Expenditures for new plant and
equipment by heavy goods producers
are expected to rise nearly one-tenth
from the first to the second quarter of
1964 to a seasonally adjusted annual
rate of $9 billion. A more moderate advance is anticipated during the second
half of 1964. If achieved, the $9.3 billion seasonally adjusted annual rate at
that time would be 14 percent above the
second half of 1963.
Leaders in investment among the durable goods industries, both in 1963 and
9
1964, are the iron and steel and motor
vehicle industries—although in neither
case will 1956-57 records be exceeded.
Capital expenditures in 1963 by steel
companies increased one-eighth over
1962, and are now expected to rise onefourth this year to a total of almost
$1.6 billion. Steel companies account
for a large share of the projected spending rise by all durable goods companies
from the second quarter to the second
half of this year.
The motor vehicle industry is anticipating higher outlays in the first quarter of this year than in the fourth
quarter of 1963. B}7 the second quarter,
seasonally adjusted spending is expected
to come close to an annual rate of $1%
billion, and to remain at this rate in the
MANUFACTURERS' INVESTMENT
PROGRAMS, 1963
• Manufacturers Spent A l m o s t $16 Billion, and
Increased Their C a r r y o v e r of Uncompleted
Projects....
• As New P r o j e c t s Started by Both Durable and
Nondurable Goods I n d u s t r i e s Exceeded
1963 Spending
ALL MANUFACTURING INDUSTRIES
plus
Carryover Dec.1963
'
Carryover Dec_;
equals
mam
r
Starts of new projects in 1963
DURABLE
GOODS INDUSTRIES
NONDURABLE
GOODS INDUSTRIES
plus
plus
equals
equals
U.S. Department of Commerce, Office of Business Eccr.o
SURVEY OF CUKRKXT BUSINESS
10
second half of 1064. Total expected
outlays for this year <is a whole would
he one-fifth higher than in 1963, following an increase of one-fourth from
19f>2 to 1963.
Plant and equipment expenditures of
nonelectrical machinery companies are
now programed to increase 8 percent to
*1K billion in 1964, after a slight reduction in 1963. Such spending would
equal the previous high, and is apparently a response to the large inflow
of machinery orders in recent months.
In contrast, electrcial machinery producers are planning lower outlays this
Table 2.—Petroleum Industry Plant and
Equipment Expenditures, by Function
1963 and Anticipated 1961
Total
Production
2.88
;j. 21
11
1.70 !
1. 74
-3
Transportation.
.11
Refining and petrochemicals
.44
Marketing
Oilier
110
of the component industries. The
largest relative advances—more than
one-fourth—are programed by paper
and textile companies, and would bring
outlays to new records in both
industries.
Increases of one-tenth in capital expenditures are now planned by both
the chemical and petroleum processing
industries. 1964 expenditures at Sl%
billion and $8}3 billion, respectively,
would be a little under previous highs.
Outlays by chemical producers had declined sharply from 1961 to 1962 and
advanced a moderate 3 percent last
year as capacity had outrun demand for
many of the industry's products. New
processes and new products are important factors in the 1964 projected
rise. As can be seen in table 2, the expected rise in petroleum company
spending is due to exceptionally large
increases for refining and transportation
facilities. Declines are expected in
marketing, production, and other types
of investment.
Food and beverage manufacturers
expect outlays to rise 5 percent. This
industry had expanded investment in
the 1960-61 period contrary to the general investment trend, and has been
showing a rather sustained upward
movement in plant and equipment
expenditures since 1958.
March 11)04
account your company's current and
prospective sales for 1964 how would
you c 11aracterize your Decein ber 31,
1963 plant and equipment facilities:
—more plant and equipment needed;
—about adequate; —existing plant and
equipment exceeds needs" ? In all questions concerning industrial capacity,
there are very difficult definitional problems—including those on product-mix,
number of hours or shifts, and cost
relationships associated with the use of
facilities of varying ages and efficiencies—which make measurement of capacity and of capacity utilization
extremely difficult. It was hoped that
the present inquiry, which required
only a qualitative answer, would elicit
a larger response, although it does not,
of course, permit a quantitative estimate of how much yearend 1963 capacity exceeded or fell short of requirements in 1964.
The survey results are shown in
table 3 in terms of the distribution of
firms by number and by gross capital
assets. It is probable that the most
fruitful results of the question may
come from comparisons over time as
later surveys are completed. Without
an attempt at a detailed interpretation
at this time, some interesting highlights
emerge. Almost one-third of the companies, accounting for just under 50
percent of the total capital assets in
manufacturing, indicated that their
facilities at the end of 1963 were
inadequate to meet their needs in
1964; 60 percent of the firms with 44
year than last. This industry ran
counter to the general investment
An Evaluation of Current
trends in the 1959-61 period when it
Capacity
had substantially expanded its expendiEach manufacturing company in the
tures in order to meet the upsurge in
current
survey was asked: "Taking into
demand for newly developed electronic
components and systems. The lowered
Table 3.—Manufacturers' Evaluation of Their Capacily, December 31, 1963
[Percent di? tribal ions] '
sights for 1964 in this industry and in
noii automotive transportation equipNumber of firms
Or oss capital assets
ment may reflect changes in defense
More ;
Existing i
.More
Existing
spending programs.
)lani: a n d 1
plant andi
plant and
; plant and
Total
Total
About
equipAbout
equipequipequipNondurable goods producers, as a
ment
adequate
merit 1
adeouate
ment
ment
needed
exceeds i
group, are programing a 12 percent
needed
exceeds
needs
needs
increase in expenditures from 1963 to
32
59
9
100
100
44 '
7
1964—only slightly less than that in the All manufacturing
49
9
34 !
14
Durable snoods
39
59
100
52
100
durables. Last year spending by the
100
36
51
54
10
100
°4
Electrical macliinerv
100
12
46
33
55
100
43
soft goods industries expanded by only
32
60
76
Machinerv excluding electrical
100
8
4
100
20
6
3
Transportation equipment
100
30
64
100
62
35
2 percent to $7.8 billion. Outlays are
90
Stone, clav, and glass
17
54
100
33
50
100
24
expected to rise moderately in both the
1
32
60
100
Nondurable goods
100
46
53
f>
100
13
54
Food and beverage . ___ ...
28
59
100
40
first and second quarters of this year,
100
°4
67
10
43
100
55
Textile
6
100
62
Paper
49
45
100
33
5
and more substantially in the final half
('2)
4
Chemical
_ _. _
37
59
100
63
37
100
5
fio
W
100
38
57
Petroleum and coal
100
38
of 1964.
i
The pickup in nondurable goods in1. According to respondent companies' characterizations of their plant and equipment facilities on December 31, 1963,
vestment this year, particularly in the taking into account their current and prospective sales for 19G4.
2. Less than 0,5.
second half, is characteristic of many
Source: U.S. Department of Commerce, Oflice of "Business Economics and Securities and Exchange Commission.
99
11
0
SURVEY OF CURRENT BUSINESS
March liK>4
percent of the assets considered their
facilities about adequate. Tims less
than 10 percent of the firms (with 7
percent of assets) felt that existing
capacity exceeded their needs.
Manufacturing' coinpanies evaluating
their present facilities as inadequate for
1964 prospective sales were on the
average the larger firms in terms of
capital assets. Firms reporting their
existing plant and equipment as about
adequate, on the other hand, were the
smaller firms on balance. The results
for durable and nondurable goods
producers were similar to those for
all manufacturing firms. (See table.)
Table 4.—Carryover of Plant and Equipment Projects, Manufacturing and Public
Utilities !
1962
1963
Dec. March J u n e Sept. Dec.
(KlK
-of per od)
. 7.21
8.61
9.00
9.18
9.08
3 99
Durable goods
.Primary met als
. . 1. 66
Electrical machinery. .33
Machinery excluding
.2o
electrical
Transportation equipment
Stone, clay, and glass _
4. S4
1. 97
.37
2. OS
*:S
o. 05
2. 23l)
3
. 56
.48
.40
.31
:5i
1.10
.32
1. 40
. 30
1.37
.32
1. 30
. 29
Nondurable goods
3. 23
Food and beverage... .34
. 17
Textile
. 36
Paper
Chemical
1. 03
Petroleum and coaL- 1.02
3. 78
.42
. 1<>
1. 32
3. 85
.41
. 15
. 56
1.01
1.40
3. 94
.36
.14
.61
1.11
1.41
4.03
.41
. 20
. 59
1.03
1. 50
(>. 13
ti. 40
5.58
5. 46
Manufacturing
Public utilities
5.07
i! 01
1. Carryover refers to expenditures yet to be incurred on
projects already underway.
Source: U.S. Department of Commerce, Office of Business
Economics and Securities and Exchange Commission.
A tabulation was made breaking
down actual capital expenditures in
1963 arid anticipated expenditures in
1964, according to the response to the
adequacy-of-capacity question. It was
found that among both durable and
nondurable goods companies, those
reporting their 1963 capacity as inadequate plan the largest relative
increases in spending from 1963 to 1964.
In considering these new statistics,
it should be stressed that the fact that
large numbers of companies with substantial capital assets report inadequate
capacity does not necessarily mean that
the amount of inadequacy is large.
Also a company may find its capacity
inadequate for only one of its products;
or the inadequacy reported may apply
to only one stage of the production
processes; or capacity may be inadequate in sonic geographical area but
not in others. Finally,, it should be
clear that the firms which report a need
for more capacity for 1964 operations
may now have available excess capacity
that will be drawn into production as
demand rises to the expected levels.
11
and equipment by this group last yearhad dropped below 1962. The rise
for 1964 centers in the airlines, where
large acquisitions of short-range jet
passenger and jet cargo planes are
being made. If delivery schedules are
met, expenditures would be somewhat
smaller in the second half than in the
first half. Trucking firms are planning
to hold 1964 outlays at about 1963
Nonmaiiufacturing Programs totals while other transportation companies are reducing expenditures from
The normi an ufac turing segment of last year's rates.
the economy is also substantially inThe 5-year decline in public utilities
creasing its investment schedules in expenditures for new facilities and
1964. Some $25% billion is expected equipment appears to have been halted
to be spent in the acquisition of new with the 3 percent rise in actual outfacilities this year. After a slight dip lays last year arid the 6 percent increase
in the opening quarter of 1964, outlays projected for 1964. Spending would
arc expected to rise throughout the reach $6 billion under current proremainder of the year.
grams—about 10 percent short of the
For 1964, as in most of the post- $6.6 billion record in 1957. Both
World War I I period, communications electric power and gas companies are
and commercial firms are in the fore- contributing to the projected rise for
front of the investment picture. Both 1964, and both groups anticipate congroups increased expenditures last year tinuing rises through the second half
by 5 percent to $3.8 billion and $10 of the year.
billion, respectively. For 1964 the
projected rise is 8 percent, with both Carryover of Plant and Equipgroups reporting strong second half
ment Projects
programs.
An additional inquiry on the
Within the commercial group there
is, however, some diversity of invest- "carryover" of plant and equipment
ment expectations for this year. Both projects has been asked in these regular
wholesale and retail trade firms are quarterly surveys for the past year.
planning substantial increases in out- The question asks the amount of exlays for new facilities and equipment in penditures at the end of each quarter
1964. Finance, construction, and serv- yet to be incurred on plant and equipice firms, on the other hand, are planning little change in expenditures from Table 5.—Starts of New Plant and Equipment Projects, Manufacturing and Public
1963.
Utilities l
While their expenditures are only
[Billions of dollars]
a small part of the total, railroads
1963
have recently been reporting substantial increases in investment. Expeci 11 111 IV i Total
tations of the industry are for a rise of
4.68 4.30 4.13 4.42 17. 56
one-fourth this year to $1.4 billion, Manufacturing
9 47 2 27 2. 06 9 19
Durable goods
8. 91
after a 30-percent advance last year.
Primary metals
46
. 63 .51 .64
2,22
Electrical machinery ... .20
.17
.14
!i8
. 68
Most of the increase is in equipment
Machinery excluding
99
electric
59
1. 31
21
.30
purchases, which will account for nearly
Transportation equip55
.39
.45
2.09
ment
.70
four-fifths of total outlays, a higher
.14
51)
Stone, clay, and glass _ .14
.14
.17
proportion than in any previous postNondurable goods
2.20 2.03 2.07 2.30
8.64
. 25 .20
.29
Food and beverage
.30
1.04
war year. Unfilled orders for freight
. 14
.14
.23
Textile
.17
.68
Paper
.24
.21
. 95
.30
.20
cars at the beginning of this year were
.34
.39
.49
.38
1.61
Chemical
.89
.78
Petroleum
.96
1. 26
. 77
almost twice as high as a year earlier.
2.10 1.G7
6.04
Nonrail transportation companies Public utilities
.78 1.48
anticipate outlays of more than $2
1. Starts are estimated by adding changes in carryover
billion in 1964, 8 percent higher than (see table 4) to expenditures during the given period.
Source: U.S. Department of Commerce, Office of Business
in 1963. Spending for new facilities Econo
conomics and Securities and Exchange Commission.
SUEVEY OF CURRENT BUSINESS
March 1004
merit projects already underway. Data survey that the carryover of their new
from the inquiry aid in the evaluation plant and equipment projects at the
of the probable firmness of projected end of 1963 amounted to $9 billion.
expenditures since projects underway This amount was up $1.3 billion from the
are more likely to be completed than total reported at the end of 1962. With
those for which commitments have not manufacturers spending $15.7 billion
yet been made. Such data also make for new plant and equipment during
possible estimates of "starts" or new 1963, the carryover rise of $1.8 billion
projects undertaken: Actual expendi- over the yew suggests that $17.5
tures during the period, plus the billion in new projects were started by
amount of carryover at the end of the manufacturers last year. (See chartperiod minus the carryover at the on page 9.)
beginning of the period equal the value
Of the total carryover in manufacturof projects started during that period. ing at the end of 1963, about $5 billion
The new data for manufacturers and was due to durable goods producers and
public utilities are presented in table 4. $4 billion to the nondurable goods group.
The quarterly information suggests Carryover rose about one-fourth from
a strong seasonal pattern but unfor- yearend 1962 for each group. Starts
tunately it will be several years before of new projects are estimated at $9 bilsuch fluctuations can be quantified. lion for the durable goods group and at
Manufacturers reported in the current $8K billion for the nondurables. The
rise in carryover for public utilities during 1963 was about $400 million. With
actual expenditures at $5.6 billion in
SALES EXPECTATIONS FOR 1964
Major Industries Anticipate Increases
1963 the total cost of new projects
in 1964 From 1963 R e c o r d s
started during the year was about $6
Perc ent
billion.
15
Industries with the largest increases
MANUFACTURING
in carryover during 1963 are generally
those projecting the largest rises in ex10 penditures for 1964; there is also an
association between cutbacks in invest5 ment programs and in carryover. For
example, the steel, automobile, and
paper industries reported increases in
0
carryover of 40 percent or more, and,
as noted earlier, these groups expect
15
TRADE
the largest relative rises in investment
this year. Similarly, carryover de10 clines in 1963 were reported by electrical machinery and the "other nondurable goods" group—both of which
5
expect to spend less for new plant and
equipment in 1964 than in 1963.
Manufacturers' carryover at the be0
ginning of 1963 represented almost one15
half of actual outlays during that year.
PUBLIC UTILITIES
The proportions were slightly higher for
durables
than for nondurables; indus_
10
tries whose plant and equipment requirements usually require long produc5 tion periods characteristically had the
higher ratios, as would be expected. In
public utilities the carryover of $5.1 bil0
lion yields a ratio of almost one to one.
1961
1962
1963
1964*
Percentage Change from Previous Year
Plant and equipment projects carried
* Anticipated
over by durable and nondurable goods
U.S. Department of Commerce, Office of Business Economics 64-3-8
manufacturers to the beginning of 1964
relative to expected capital outlays in
1964 were each just over 10 percent
higher than the ratios of beginningof-1963 carryover to 1963 outlays.
The corresponding ratio for the public
utilities in 1964 was slightly higher
than in 1963.
12
;
-
Record Sales Expected in 1964
In the plant and equipment survey
during the opening quarter of each
year respondents are asked to give a
projection of their sales for that year.
Responses received from manufacturers, trade firms, and the public utilities
have provided usable estimates in the
past—although it should be noted that
sales are less subject to a company's
control than are capital outlays. In
1963 manufacturers' actual sales rose
Table 6.—Business Sales, Actual and
Anticipated, 1962-64
[Percent change]
1962-63
1963-64
AnticiAntici- Actual pated
pated
Manufacturing industries *
4
4
6
Durable goods industries l
Primary metals
4
2
4
6
4
Electrical machinery
Machinery, except electrical^
Transportation equipment
Stone, clav, and glass
\ 1
fi
is
4
4
Nondurable goods industries 1 _ _
Food and beverage
Textile
Paper
Chemical --_. .
Petroleum
_ ...
Trade
Retail
Wholesale.. -
4
4
2
5
6
3
4
o
9
3
5
1
5
5
3
4
Public utilities
5
11
6
3
6
^
5
1. Includes industries not shown separately.
Source: U.S. Department of Commerce. Office of Business
Economics and Securities and Exchange Commission.
4 percent from 1962 totals; the projection had been for a 5 percent increase. Trade sales were up by 5 percent, almost the same as expectations,
with wholesalers overestimating and retailers underestimating' slightly. Public
utilities, however, expected a 1963 rise
of 5 percent, but actual revenues increased about one-tenth (see table).
The current survey finds that both
manufacturers and trade firms expect
somewhat larger gains in sales from
1963 to 1964 than they had experienced
SURVEY OF CURRENT BUSINESS
1!»G4
13
Table 7.—Expenditures for New Plant and Equipment by U.S. Business,1 1962-64
[Billions of dollars]
Quarterly, Seasonally Adjusted at Annual Rates
Quarterly, Unadjusted
Annual
1962
1962
All industries
Manufacturing industries
Durable goods industries
Primary iron and steel _ _
.
Primary nonferrous metal
Electrical machinery and equipment
Machinery, except electrical
Transportation equipment, excluding
Stone clav and glass3
Other durable goods
Nondurable goods industries
Food and beverage
Textile
Paper
Chemical
Petroleum and coal
K ub her
Other nondurable goods 4
Mining
Railroad
1963
19642
I
II
III
IV
I
II
1962
1964
1963
III
IV
I2
112
2d
half 2
II
III
IV
37.31 39. 22 43. 19 8.02 .9.50 9.62 10.18 8.25 9.74 10.14 11.09 9.15 10.99 23. 05 35. 70 36. 95 38. 35 37. 95
I
II
III
IV
12
112
2d
h:ilf2
36.95 38. 05 40.00 41.20 41. 25 42.70 44.45
14. 68 15. 69 17. 72 3.14 3.69 3.72 4.13 3.27 3.92 3.95 4.56 3.65 4.45 9.63 14.20 14.45 15.05 15. 00 14.85 15. 30 15.95 16. 45 16. 65 17.40 18.40
7.03
1.10
.31
68
1.27
.83
7.85
1.24
.41
69
1.24
1.06
8.97 1.44 1.77 1.79 2,03 1.62 1. 96 1.96 2.31 1.81 2.32 4.84 6. 55 6.95 7.25 7.30 7.35 7. 65
1.56 .22 .28 .29 .31 .23 .30 .33 .39 .31 .36 .89 1.00 1.10 1.20 1.10 1.05 1.15
.49 .06 .07 .08 .10 .09 .10 .12 .11 . 10 .12
28 .25 .30 .30 .35
.40
18
62 .14 .16
16
12
16
34
17
21
20
65
15
70
65
70 '?? .75
1.35 .27 .33 .32 .35 .27 .30 .28 .39 .27 .34 . 73 1.15 1.30 1.30 1.25 1.20 1.15
26
1 28
22
22
19
28
29
17
22
30
35 .68 .80 .85 .80 .85 .90 1.05
.12 .24
. 18 36
.68 1.34
8.30
1.40
.40
.65
1.40
1.10
8.30
1.45
.40
.60
1.20
1.25
9. Of)
1.40
.45
.65
1.35
1.30
9.30
1. 65
. 55
.60
1.45
1.30
.50
.55
.50
.50
.45
7.70 7.50 7.65 8.00 8.15
1 00 95 .95 1.00 .95
65
65
65
60
65
.75 .65 .70 .75 .80
1.50 1.60 1.55 1. 60 1. 65
2.85 2.80 2.80 3.00 3.05
8.35
1.05
70
.80
1. 65
3.10
8.40
1.00
70
.85
1.70
3.10
9.10
1.00
90
1.05
1.85
3. 35
.47
68
2.52
.40
.50
7.65 7.84
99
97
.61 .64
72
72
l'. 56 1.61
2 88 2 92
24
23
. 66 .73
8.75 1.69 1.92 1. 93 2.10 1.65 1.95 1.99 2.25 1. 84 2.13 4.78 7.60 7.50
22 .26
26
26
24
1 02 .22
24
25 . 27
50
25
95 1 00
.82 .13 .16 .15 .17 .15 .18 .15 . 17 .16 . 18 .47 .55 .60
.96 .15 .18 .18 .20 .14 .18 .19 .21 .18 .22 .56 .70 .70
.40 .39 .47 .36 .43 .97 1.70 1.55
1.75 .37 .40 .37 .43
66 .78 1 80 2 85 2.70
69
70
76
87
3 24
62
80 "59
76
.27 .05 .01 .06 .06 .05 .06 .07 .07 .06 .08 .14
.69 .14 .18 .16 .18 .15 .19 .18 .22 .17 .17 .35
7.80
1 00
.65
.70
1.50
3.10
1.08
1.04
.26
.27
.28
.27
.24
.26
.27
.28
.24
.28
.52 1.15 1.05 1.10 1.00 1.05 1.00 1.05 1.05
1.05 1.10 1.00
1.38
.16
.26
.24
.20
.21
.28
.29
.33
.29
.41
.68
1.25 1.40 1.40
2.06
.47
.39
54
45
54
.48
.68
1.04
.85 1.10
Transportation other than rail
2.07
5.48 5.65
1.92
Communication
3.63 3.79
Commercial and other 5
9.52 10. 03
.09 .11
. 12 .16
.38 .44
6.01 1.06
j .88
.60
1.37
.93
.13
14
.44
50
1.54
.87
.15
16
.53
50
1.52
.95
.12
.13
.44
.13
16
.51
.13
.15
.51
.16
. 17
.60
1.04 1.40 1.60 1.61
.85
.95
1 14. 98
12.06 2.37 2.48 2.60 2.26 2.41
1. Data exclude expenditures of agricultural business and outlays charged to current
account.
2. Estimates are based on anticipated capitalcxpendituresreported by business in February
1964. The estimates for 1964 have been adjusted when necessary for systematic tendencies
in anticipatory data. The adjustment for each industry and time period is based on the
median ratio of actual to anticipated expenditures for the past 5 years. 1 lowever, no adjustment
is made unless t lie anticipations have shown a bias in the same direction in at least 4 of the last
5 years and in at least two-thirds of all years since 1953. The only departure from this procedure is in the estimate for retail trade (in the second half 1964) where the sample may be
inadequate and the suggested correction factor would yield an unusually large and unlikely
figure.
.93 1.06
2.64 2.72
.11
.14
.50
.40
8.00
1.30
.45
.65
1.20
1.10
53
61
58
1.79 2.05
Public utilities
.70
.95 1.00
.55
.80
.50
.55
.90 1.00 1.20 1.35
90 2 05 2.25 2.00 1.90 1.70 2.05 1.85 2.10
2.15 2.45 1.80
1.12 1.51 3.37 5.15 5.40 5.75 5.45 5.20 5.45 5.90 5.80
5.70 6.00 6.35
[3.37 3.66 7.95
(3.70 3.65 3.60 3.60 3.55 3.65 3.85 4.05
18.75 9.25 9.85 10.20 9.65 9.65 10.20 10.45
1 14. 40 14. 35 15. 50
3. Includes fabricated metal, lumber, furniture, instrument, ordnance, and miscellaneous
industries.
4. Includes apparel, tobacco, leather, and printing-publishing.
5. Includes trade, service, finance, and construction.
NOTE : Details may not add to totals due to rounding. Data for earlier ye;iars were published
in the June 1956, March 1958, 1960, 1961, 1962, and 1963 Survey of Current Business.
Sources: U.S. Department of Commerce, Office of Business Economics, and Securities and
Exchange Commission.
from 1962 to 1963, while the public nondurable goods group—6 percent
utilities do not expect to match last against 5 percent. Within durables
year's revenue rise.
electrical machinery, nonelectrical maManufacturers project a 6 percent chinery, and stone, clay and glass
sales advance from 1968 to 1964. The industries are now expecting the largest
expected 1964 sales volume suggests a advances. Among the nondurable^ the
rise of about 4 percent to 5 percent from larger advances are anticipated by
the ycarcnd 1968 rate. Durable goods paper and textile companies.
Trade firms anticipate a sales advance
producers expect a slightly larger rise
in sales from 1963 to 1964 than the of 6 percent from 1963 to 1964. This
I
1964
1963
would imply a rise of 4 percent from
the end-of-1963 sales rate. Wholesalers look forward to a little larger
increase from 1963 to 1964 than do
retailers. The public utilities, as they
did last year, are projecting a 5 percent
rise. The electric power companies
are a little more optimistic than gas
producers regarding revenue movements for this vear.
by WALTHER LEDERER
The Balance of Payments in 1963
T,HE outstanding development in our
million (table 1, line C2). The annual
balance under the first classification
of these securities was $2,660 million,
and under the second, $1,960 million.
The balance on "regular" plus "special"
types of transactions in 1962 was about
$2,190 million and in 1961 $2,370
million.
In addition to the sale of nonmarketable medium-term securities, the special
transactions include advances by foreign
governments in excess of deliveries on
military contracts, and repayments of
foreign debts to the U.S. Government
in advance of contractual schedules.
Advances l)y foreign countries on military contracts exceeded deliveries during 1963 by $360 million with most of
the difference accruing in the second
half of the year. Data on deliveries in
that period are still preliminary however, mainly with respect to timing
between the third and fourth quarters.
For the year 1963 as a whole receipts
from net advances were about $110
million less than in 1962. (Table 1,
line B2.)
Special transactions
Repayments on foreign loans in
If "special" Government transactions
advance
of contractual schedules were
are added to the regular types of transrelatively
large in the third quarter
actions, the improvement in the balance
when
France
and the Netherlands made
from the first to the second half of 1963
large
payments.
The figures in the
is also evident, although the quarter-toother
quarters
represent
mainly sales by
quarter changes are affected by the
the
Export-Import
Bank
of foreign
large changes t h a t occurred in "special"
notes
prior
to
their
maturity.
For the
transactions. If sales of nonmarketyear
1963
as
a
whole
nonscheduled
able medium-term Government securities which are convertible by the foreign receipts were $325 million, compared
holders into cash at short notice—first with $666 million in 1962. (Table 1,
issued in 1963—-are included with liquid line Bl and table 5, line 41.)
Except for the sale of nonmarketable
liabilities, the seasonally adjusted balmedium-term
convertible securities,
ance changed from about $2,170 million
which
amounted
to $702 million during
in the first half to about $490 million in
the second half of 1963 (table 1, line 1963 (with $502 million in the first half
( M ) . If these securities are considered of the year and $200 million in the
a medium-term capital inflow (although second), net receipts from special transof the "special" type) the balance actions in 1963 were $640 million, comshifted from $1,670 million to $290 pared with about $1,380 million in 1962.
14
foreign transactions during 1963 was
the sharp decline in the adverse balance
from the first to the second half of the
year. For the year as a whole, the improvement from the preceding year was
considerably smaller. The changes are
most evident in the balances on the
"regular" types of transactions, including goods and services, Government
grants and capital flows, movements of
U.S. private capital and private foreign
investments (other than changes in
liquid assets) in the United States.
After adjustment for seasonal variations, the balance on these transactions
shifted from about $2,300 million in the
first half of 1963 to $1,000 million in the
second half (revised from the preliminary release). The total for the year
was $3,300 million, as compared with
$3,570 million in 1962, $3,040 million in
19.61, and between $3,500 and $4,200
million during the years 1958 to 1960
(table 1, line A13).
While these receipts improved the
balance as measured by changes in
monetary reserves and liquid liabilities,
the decline from 1962 to 1963 demonstrates the advisability of separating
these transactions from the other or
"regular" types in analyzing developments affecting the balance of
payments.
Changes in reserves
A major change in 1963 affecting our
international financial position stemmed
from the fact t h a t foreign countries kept
much more of their net receipts from
transactions with the United States in
liquid dollar assets. Accordingly, U.S.
reserve assets, including the gold
tranche in the IMF (which measures
our nearly automatic drawing right)
declined substantially less than in 1962.
The total decline in reserve assets
during 1963 was $378 million, compared
with $1,533 million in 1962, and going
back 4 years, between a low of $600
million in 1961 and a high of $2,275
million in 1958. The decline during
1963 in gold holdings alone was $461
million, by far the smallest amount
since 1957.
The reduction in foreign purchases
of U.S. gold can in part be attributed to
strengthened cooperation between the
monetary authorities of the principal
countries involved in international financial transactions. This cooperation
since 1961 lias gradually become more
effective in dampening the impact of
various adverse political and economic
developments on international gold and
capital markets. Larger sales of gold
in 1963 by the Soviet Union to finance
increased purchases of foodstuffs by the
Soviet bloc countries were another
factor reducing foreign demand for U.S.
gold. The total amount of gold added
to foreign reserves from sources outside
SURVEY OF CURRENT BUSINESS
1004
the United States, which include Soviet
sales as well as new gold production less
private purchases in the free world is
estimated to have been about $930
million in 1963, as compared with less
than $400 million in 1962 and $740
million in 1961. (See table 5, Memorandum item III.)
The rise in foreign, holdings of liquid
dollar assets in 1963 was about $1,580
million. In addition to this foreign
central banks purchased the $700 mil-lion of nonmarketable, medium-term
convertible U.S. Government securities.
In 1962 the total rise in foreign holdings
of liquid dollar assets was about $650
million. The rise in 1963 is believed to
have been accentuated by the accumulations of dollar proceeds from gold sales
by Soviet bloc authorities in private
foreign banks, in anticipation of dollar
payments for increased imports of
foodstuffs.
An important development in 1963
was the substantial gains in gold and
dollar holdings of several of the less
developed countries. As a group these
countries accounted for more than $1
billion of the total foreign gain in liquid
dollar assets and gold purchases from
the United States, while the developed
countries accounted for about $1.6 billion (including the $700 million of nonmarketable medium-term convertible
securities). In 1962, the less developed
countries as a group had only a minor
increase in reserves.
Among these countries, major increases in dollar and gold holdings were
registered by Argentina, Mexico, Venezuela, and Spain.
Major
changes
in foreign
transac-
tions
The major changes in the "regular"
types of international transactions are
shown in the following tabulation.
Among the changes from 1962 to
1963 the following appear most significant:
(1) The $1.4 billion rise in merchandise exports considerably exceeded
the $800 million rise in imports. About
$400 million of the rise in exports and,
therefore, in the trade balance was
directly financed by Government grants
and capital outflows, and in this period
at least did not contribute to dollar
receipts from abroad. (To the extent
Major Changes iti I liter national Transactions Seasonally Adjusted
[Millions of dollars]
(+ indicates changes resulting in an improvement of the
balance of payments)
First
•
Mrst to Third
i mm
j
I second I
to
19t>l-r.2 19!'>2-f>3
half
fourth
1963 ! quarter
S 1903
Merchandise exports
> I or chandise ii nports
Balance
-1,648
+ 894
— 570
+324
+15
— ()(>
-51
+ 54
-13
+41
Military
expenditures
and sales ( n e t )
Travel ( n e t ) .
Fnrccorded transactions
Total transactions listed
above
Other transactions
— (i-Hi i +329
+ !!(> i
-57
4-1.1
15
continued to be on the debit side
during the year as a whole, but it was
about $530 million less than in 1962.
The decline may be due, in part, to
better coverage in 1963 of the figures
on capital flows and in part to a decline in capital movements, both lougand short-term, which usually fail to
be recorded. It would be incorrect,
however, to assume that errors and
omissions are limited to the data on
capital flows.
The major factor in the improvement of t h e balance from, the first to
the second half of 1963 was the decline
in capital outflows. The changes from
the third to the fourth quarter were
largely offsetting. The rise in net
credits on goods and services was
offset by a rise in net debits on private capital outflows, Government
grants and capital movements, while
net debits on unrecorded transactions
declined.
Merck an disc tra de
that exports are financed by dollar
loans, principal and interest will be
received in subsequent periods, while
some of the loan repayments received
in the current period may be considered payments for exports in earlier
periods.)
(2) A reduction was achieved in
military expenditures.
(3) Net income on foreign investment increased as it did in most of the
postwar years, but only by $40 million
as compared with $365 million in 1962
and $680 million in 1961.
(4) Net outflows of private capital
rose by about $570 million. A part of
that rise may have been associated,
however, with the rise in exports,
although data to measure the relationship between exports and private capital flows are not available.
(5) Government grants and capital
outflows rose by $250 million, but
goods and services supplied under these
programs from the United States and
other expenditures in the United States
rose by about $440 million so that
direct dollar outflows were about $190
million less than in 1962.
(6) The balance on unrecorded transactions (and errors in the estimates)
The rise in U.S. exports of agricultural goods from 1962 to 1963 accounted
for about $560 million of the $1.4
billion increase in merchandise exports
(excluding goods sold arid transferred
under military programs). Starting
in the second quarter arid accelerating
later in the year, it comprised about
$220 million, or one-fourth of the
increase in total exports from the
first to the second half of 1963, and for
about $175 million, or nearly twothirds, of the rise from the third to
the fourth quarter. Wheat and other
grains accounted for about $235 million
of the $560 million rise over the previous
year in all agricultural products. All
of that increase occurred in the second
half of the year.
Adverse weather conditions leading
to short crops in large parts of Europe
and Asia contributed to the increase in
foreign imports. A part of these imports were obtained from the United
States. When these imports were obtained from other countries, such as
Canada, Australia, and Argentina, their
higher earnings enabled them to increase their imports, some of which
have already or may in the future come
from the United States.
Weather conditions abroad provide
SURVEY OF CUEREXT BUSINESS
16
Table 1.—Analysis of U.S. Balance of Payments, Seasonally Adjusted, Excluding Military
Grant Aid
[Millions of dollars]
Calendar year
". 62
I
III:
II
IV
I'
IV p
III'
II'
,«C,
,V03
33, 254
35, 544
8,246
8,316
8,214
8,478
8,463
9, 753
8, 373
8} 955
1 . Imports of poods and services . . . . _ _ _ . _ 24, 964
16, 145
9
Merchandise
3, 028
3. Military expenditures
5, 791
4. Other services
736
5, Remittances and pensions
26,118
16, 962
2, 880
6, 276
812
6.1 IS
3, 942
754
1,423
191
6,222
4, 030
748
1,444
182
6. 282
4.127
1.423
176
6, 341
4.046
794
1, 501
187
6. 270
4,014
748
1. 508
211
6, 453
4, 182
725
1, 546
211
6. 694
4, 392
708
1, 594
195
6, 701
4, 374
699
1.628
195
4 281
4, 532
1.075
1. 078
1, 045
1, 083
1,053
1,355
1,010
1,114
3, 211
3, 650
806
830
804
771
812
1,088
829
921
I
Transactions other than changes in official
monetary assets and in liquid liabilities
(including nonmarketable, mediumterm convertible Government securities)
I. U.S. PAYMENTS (DEBITS) RECORDED ..
6. Government grants and capital out7.
8.
(Transactions inrolrinij no direct
dcllar outflows from the United
States}
(Dollar payments to foreign conntries and international institutions)
L 070
882
269
248
267
181
193
3, 273
1,557
1, 209
507
4, 082
1, 799
1,641
642
861
199
357
305
834
506
329
-1
711
359
188
164
867
493
335
39
929
501
512
-84
1,734
488
620
626
474
209
294
-29
945
601
215
129
32,093
33, 379
7, 688
7, 901
8, 327
8,177
7,715
8,344
8, 534
8, 786
29, 790
1 Exports of poods and services
20, 479
2
Merchandise
3.
(Financed by Gcrernment grants
2, 345
a I'd capital^
660
4. Military sales".
5. Income on investments, private.. 3, 850
6. Income on investments, Government
4. 239
7. Other services. , . .
8. Repayments on U.B, Government
617
loons scheduled
9. Repayments and sellofYs, nonsched666
n led
10. Foreign private capital other than
155
liouid funds... _
865
11 Government liabilities- _ __
31.603
21, 902
7,206
5, 022
7.610
5. 262
7, 550
5, 270
7.424
4. 925
7. 452
5, 010
7, 903
5, 494
7,921
5, 559
8,327
5, 839
2, 733
632
4,067
595
113
904
190
940
585
141
946
591
216
1, 060
590
181
1, 059
827
203
969
641
v 92
993
075
156
1, 046
498
4, 504
109
1, C58
144
1.074
105
1,088
114
1. 109
1, 079
124
1,113
125
1,152
126
1, 160
649
155
184
130
148
151
156
178
164
53
471
142
34
241
25
172
155
15
39
3
173
-35
498
-27
114
266
-15
136
^58
17
253
1, 080
—(41
773
-125
1, Ob"
1,143
-591
806
—90
1 , 268
879
— 578
909
-127
1,083
996
839
— 121
1.3sS
904
-151
1, 182
1, 312 1,167
-522 p-616
806
809
— 146 -133
1, 450 1,227
1, 465
-543
850
-146
1, 626
34s
-191
— ls2
550
-176
356
— 187
447
-211
437
-211
464
-195
801
— 195
— 850
-910
-871 -1,200
-786
-932
— 557
-151
— SOS -1,022
6G
-94
-391
53
-735
- 193
0
-3S(i
-3
-95
-176
+304
— 527
— 89
-840
-438
9. U.S. private capital
10. Direct investments
1 1 . Lonp;-tenn portfolio
12. Short-term. _
... ._
II. U.S. RECEIPTS (CREDITS) RECORDED
325
392
410
SELECTED BALANCES (NET
CREDITS +, DEBITS -)
A. Regular types of transactions, seasonally adjusted:
1. Merchandise 1r ide, e\elu<lme: mili4, 910
4. 334
tary.
--— 2, ?>bX -2,24s
2. M i l i t a r y saies and expmdi+mv^
3, 360
3, 327
3. I n c ' M i u s on iinc4iiie T i1*
--576
-4t,7
4. O|l er ser\ ices
. . .
5, 4^ 5
4, ^2i)
5. Goods ind sf rvice^
6. (Excluding experts of joods and
st n ices financed b\ Government
2,1 11'
t, 943
i-r?nb and < . a p i f d o u < f i < , v -)
— M2
7. R e i i i i n a n r e ^ ant 1 nen-i >n^
8. G..\eir,',i"it iricpit^ »nd < apit M
on* flow s, u ^ cn^n-H ^ in a^rci-3 "17 -o, 7s<!
Doii>esti" and i-ueud pin itc
capit d0
Oiied ii'd lonu-teim portfolio
10
i-U/vj i-t'-nn
11. M i « llaneom Government nonliquid h'lbilitic s
12 Ein/r-, and unrecorded Tins icti- ns
13. Balance on regular types of transactions (seasonally adjusted)
14 Le1--. \et
sen M»n il adjustments .
15. I'alme- 1 on regular tvru
s of transactions before iriju" f ment
B. Special Government transactions (not
seasonally adjusted)
1. !N on-scheduled receipts on Government loans
_ .
2. Advances on military exports
Sales of non-marketable, mediumterm, non-convertible securities:
3
Dollar securities
— J. 41),"- -3 < 53
— 3-»l
i
— . 1,573 -3,30!
-6 573 -3.3"!
666 l
470
325
359
251
31
— 74
1
—3
( )
— 1,025
-IT' -503
-113 1 —121)
-1,11
142
— 492
-469
— 21
-374
53
-931 -1,409 1
— 95
+337
-1.271 -1.314
471
107
la. Excluding seasonal adjustment
-2, 186 -2, 660
(e Qua Is line 5^ table 5)
See footnotes; at end of table.
1
- 135 j +121
-991 -1,307
-94
-181
1
-810 -1,213
142
223
25
20 \
34
~5
241
P 105
58 i
5 ;
i 19
251
-29
-45
-50
152
25
150
Sales of non-marketable, mediumterm, convertible securities:
o. j_)( liar &LCUI i. t. ^ ^. -.- ^ -
150
552
C. 1. Balance A+B excluding netreceipts
from sales of non-marketable, medium-term, convertible Government
securities (including seasonal ad-2,186 -2,660
justment of items In A)
—905
125
225
25
239
1
-1
25
j
-585
-452
-356
-793
-883 -1,288
-472
-323
-693
-698
-702
-225
-1,194 ! -589
-264
-175
March 106-i
only a partial explanation of the rise in
agricultural exports, including some of
the increase in grain shipments. The
expansion in cotton sales particularly
in the fourth quarter of the year (which
more than compensated for a decline
during the first half of 1963) was due to
changes in Government sales procedures
which make it easier for U.S. exporters
to compete in international markets.
Increased sales of tobacco reflect largely
a recovery from the preceding year,
when sales were temporarily reduced.
While sales of these products may not
continue to rise as fast as they did in
the latter part of 1963, the new level
does not appear to be too high relative
to the longer run export trend which
may be anticipated.
Agricultural exports also reflect the
rising standard of living abroad, particularly in the other industrialized countries. A major part of the export rise
to these countries was in dairy products,
vegetable oils and oilseeds, and various
animal feeds.
About $150 million of the 1962-63
rise in agricultural exports (from about
$1,250 million to about $1,400 million)
was financed by Government grants
and capital. Such exports were relatively large in the first half of 1963 but
fell off in the second half. During that
period the rise in dollar sales was, therefore, even larger than in total agricultural exDorta.
Dollar sales of agricultural products
in 1963 which were due to temporary
conditions may be estimated roughly
at about $100-$ 150 million. Most of
these shipments occurred in the lastquarter of the }rear.
About $150 million of the 1962-63
export rise resulted from higher shipments of fuels, mostly coal. The rise
in coal exports was accentuated by
weather conditions and interruptions
in coal production in Europe last spring,
but is also due to a reduction in import
restrictions as European requirements
rose relative to production and inventories rapidly declined. U.S. coal is
competitive in European markets provided low cost transportation facilities
are available. To a large extent U.S.
coal is used there in steel production.
Coal exports did not continue to rise
after the middle of 1963, but the gains
achieved by that time were maintained.
March 10G4
Exports of nonagricultural materials
and of finished manufactures, with the
exception of commercial aircraft and
"special category" goods (largely military and electronic equipment), rose
in response to the acceleration in business activity in the other industrialized
countries, although domestic demand,
which competes with foreign demand
for our industrial output, also increased.
Exports to Western Europe and Japan
appear to have increased somewhat
more than one would expect on the
basis of past relationships. In the
case of Europe, the additional exports
appear to have been—in part at least—
consumer goods. Such exports rose
over 1962 by about $60 million, as compared with the previous year's rise of
$10 million. Nevertheless, they continued to comprise only a rather small
percentage of total exports to that area,
and remained a rather insignificant
part of the rapidly rising consumer
demand abroad.
The major part of the rise in exports
to Western Europe, most of which was
presumably associated with the rise in
production in that area, was in various
industrial materials, and in machinery.
Exports to Japan also expanded
earlier and initially faster than may
have been expected on the basis of past
relationships, but this relative advance
narrowed again toward the end of 1963
as production in Japan accelerated.
Directly and indirectly the major
turns in export to Japan also appear to
be influenced by major changes in
Japanese reserves. Downturns in reserves have in the past resulted in
restrictions on imports and slowdowns
in output, while growing reserves have
facilitated relaxations of import restrictions and accelerations in economic
activity.
A major factor in the export rise,
particularly in the second half of the
year, were expanding purchases by
Canada. This increase may reflect the
effects of the elimination of special
import restrictions imposed during the
Canadian exchange crisis in the middle
of 1962 as well as the rise in Canadian
business activity, and the increased
incomes derived from the rise in sales of
agricultural products.
Substantial increases in exports to
Australia and South Africa were also
Digitized for723-480°—64
FRASER
3
SURVEY OF CURRENT BUSINESS
17
Table 1.—Analysis of U.S. Balance of Payments, Seasonally Adjusted, Excluding Military
Grant Aid—Continued
[Millions of dollars]
10
raleml ir year
1962
1963
2. Balance A+B including net receipts from sales of non-marketable, medium-term, convertible
Government securities (including seasonal adjustment of items
in A)
-2,186 -1,958
2a. Excluding seasonal adjustment
(equals line 52a, table 5 ) ^ .
-2, 186 -1,958
I
n
-585
196C
r
III
IV
I-
II
-452
-356
-793
-533
-1,136
-50
-239
-m
-323
-693
— 698
-352
-1,042
-414
-150
III
r
IV v
D. Increase in short-term official and
banking liabilities and in foreign
holdings of marketable U.S. Government bonds and notes (decrease
Foreign private holders including
banks and international and regional organizations (excluding
IMF)
_
Foreign official holders
653
1 580
46
486
— 188
309
320
918
187
155
200
453
003
977
699
— 653
24
40'>
— 458
°70
— 65
374
394
— 74
142
776
38
29
149
E. Decrease in U.S. monetary reserve assets (increase — )
1
IMF position
2. Convertible currencies
3
Gold
1, 533
626
17
890
378
30
-113
461
426
237
-114
3'!3
— 163
44
-324
117
881
331
104
446
389
14
351
04
32
— 46
-33
124
'?
6
1.
2
r
1
in
H6
227
59
-28
196
—5
15
— 58
38
p
Revised.
Preliminary.
-• Less than $500,000.
Certificates sold abroad by Export-Import Bank.
achieved, reflecting increases in the receipts of these countries from higher
imports and investments by the United
States and other industrialized countries. Shipments to the other countries
in Asia, particularly India and Pakistan
reflected higher Government aid, as well
as higher returns on their exports.
In contrast to the rising exports to
other parts of the world, business with
Latin America stagnated through most
of the year but some acceleration occurred in the last quarter. The major
increase at that time was to Venezuela
but there was also a rise in sales to
some of the mineral exporting countries,
and—with the major exception of Brazil—to some of the coffee exporters.
The recent strengthening in prices for
their exports should provide a basis for
a further expansion in their imports
from the United States.
Merchandise imports
Although imports did not rise in the
last quarter of 1963 the increase for the
37ear as a whole was just over 5 percent,
not much less than the 5.4 percent rise
in GNP. In past periods of expanding
business activity imports frequently
have risen somewhat more than domestic output.
The largest relative rise in imports
was in manufactured consumer goods,
including automobiles. For the year as
a whole it amounted to 11.5 percent,
more than twice the rate of increase in
all imports, and more than double the
rate of rise in total consumer expenditures on goods other than food, gasoline
and oil. Imports of capital equipment
also moved up faster than total imports. These two groups of manufactured goods comprise more than 40 percent of the total import rise.
A sharp rise occurred also in steel
imports, which advanced by about $150
million or 28 percent. Imports of other
industrial materials and fuels rose only
by 1.7 percent or less than one-third
the rate at which domestic business
activity expanded.
Imports of foodstuffs, which are much
less sensitive to fluctuations in domestic
production and incomes, expanded
mainly because of rising prices, particularly for sugar. World coffee quotations started to rise about midSeptember 1963, but through the end
of the year had relatively little effect
on import values. The price rise
accelerated sharply, however, during
the first 2 months of 1964. Imports of
cattle, meat products and fish, which
totaled close to $1 billion, were only
slightly higher than in 1962 and the
upward trend in previous years was
almost stopped.
Among the countries which benefited
most from the rise in imports were
SURVEY OF CURRENT BUSINESS
18
Japan and Hong Kong (with U.S.
imports rising bv more than 10 percent),
Canada (6 percent), and Australia, and
New Zealand (14 percent). The in-
crease from Europe was only about
4 percent, and from Latin America not
much over 2 percent, and most of that
was in imports from Argentina.
Table 2.—U.S. Balance of Payments by Major Components,1 Seasonally Adjusted
[Millions of dollars]
Calendar year
1962
1 1963
1962
I
II
1963
II
III
IP
P
IIP
IVp
Goods and Services, Government Assistance
and Long- Term Capital Accounts 2
A. 1. Nonmilitary merchandise exports
5. 494 5. 559 5,839
20, 479 21,902 5, 022 5, 262 5,270 4, 925 5,010
2. Less those financed by Government
grants and capital
574
585
591
590
2 345
2, 733
595
827
641
675
3. Merchandise exports, other than those
financed by Government grants and
capital- _
18.134 19, 169 4,427 4, 688 4, 685 4, 334 4,420 4.667 4.918 5t 164
4. Nonmilitary merchandise imports.. _ _ -16, 145 -16,962 -3,942 -4, 030 -4, 127 -4,046 — 4 , 0 1 4 -4, 182 -4, 392 -4, 374
5. Balance on trade excluding exports
financed by Government grants and
capital _ _
6. Nonmilitary service exports
7. Less those financed by Government
grants and capital
8. Service exports other than those financed by Government grants and
capital9 Nonmilitary service imports
10. Balance on services other than those
rendered under Government grants
and capital
11.
B.
Balance _ _ _ _ _ _
._
1,989
8 651
2,207
9 069
485
2 071
658
2, 158
558
2, 139
288
2, 283
406
2, 261
485
2, 206
526
2 270
790
o 339
538
603
144
125
133
136
145
186
122
150
8, 466
S, 113
5 791 -6, 276
r> rji>9
2,190
504
589
583
646
1,311
4, 397
989
1,247
1,141
934
-754
254
-748
189
-732
255
-269
-248
-241
Other major transactions:
-3.02S -2, 880
1. Military expenditures
2 Militarv cash receipts
1. 143
980
3. Government grants and capital —
dollar payments to foreign countries
and international institutions
—882
-1,070
4. Repayments on U. S. Government loans,
1,182
798
excluding fundings by new loans--5. I'.S. direct and long-term portfolio
investments p broad
—2, 766 -3,440
6. Foreign direct and long-term portfolio
investments in the United States
387
271
-736
— 812
7. Remittances and pensions
8. Changes in Government liabilities 3 .._
248
—43
9
Balance
1,927 2, 033 2. 006 2,147 2,116 2, 020 2, 148 2,182
-1,423 -1,444 -1,423 -1,501 -1,508 -1,546 -1, 594 -1,628
128
578
554
554
959
1,080
1, 344
-794
445
-748
204
y9g
192
-708
r> 193
— 699
391
-312
-241
-193
608
— 267
— 181
265
153
403
-556
-835
-547
—828
1 013 -1,108
195
-191
(x)
6f
-182
-3
-10
-176
1
20
-187
250
-9
-211
63
-4,756 -5,892 -1,193 -1,550
C.
Balance on Goods and Services,
Government Assistance and LongTerm Capital Accounts
D.
Recorded U.S. private short-termcapital outflow less foreign shortterm credits to the United States
(excluding foreign liquid dollar
holdings)
E
Unrecorded transactions
F.
Sales of nonmarketablc, mediumterm, convertible Government securities
G
Balance C+D-4-E
-2, 186 -2,660
II
Balance C-f-D-f E+F
-2, 186 -1,958
cor
4, 281
4, 532
2, 345
2, 733
538
Memorandum items: Reconciliation with
table 1 of Government grants and capital
outflows:
1. Government grants and capital outflows, total..
--2, Less: Expenditures on merchandise
in the United States
3.
Expenditures on services in
tfie United States
4.
Refunding of Government
loans.
5.
Government loans to repay
private loans- 6
Military credits
7.
Increase in Government liabilities associated with Government grants and capital..
8. Equals: Dollar payments to foreign
countries and international
institutions under Government grants and capital
(excluding changes in restricted accounts)
211
474
1,014
-445
-1,495
-204
-303
-716
-670
-354
-112
-1,025
-495
-503
115
816
203
—211
q
112
-195
-93
81
-195
-4
—872 -1,141 -1,828 -1,772
— 972
1,320
-814
-813
108
24
53
-193
269
-207
-156
-94
66
596
-469
-492
-135
121
-452
-356
-793
-452
-356
-793
-533 -1,136
50
1 , 075
1,078
1,045
1,083
1 , 0^3
1.355
1,010
1,1.14
595
574
585
591
590
827
641
675
603
144
125
133
136
145
isn
}99
150
71
165
25
16
18
12
43
33
15
74
93
17
33
22
26
3
62
9
4
3
33
10
P 5
4
147
94
13
44
65
25
31
46
18
1,070
882
269
248
241
312
241
181
193
-27
O"
702
-585
350
152
883
1,288
267
-386
175
-225
-95
25
-264
-239
Military and services transactions
A major improvement of the balance
of payments was achieved through a
reduction by about $150 million in
defense expenditures abroad. Nearly
half of that decline was due to lower
payments for fissionable materials, as
the backlog on deliveries, contracted
for in earlier years, gradually declined.
The reduction in other expenditures is
also significant, however, because it
was achieved in spite of rapidly rising
costs abroad, particularly for services,
and increased salaries for U.S. personnel during the latter part of the
year.
Deliveries on foreign orders for military equipment, according to preliminary figures, did not rise, however,
although the backlog of orders continued to expand. In the second half
of 1963 advance payments by foreign
countries for military equipment exceeded deliveries by about $360 million. As these receipts change considerably from one quarter to the next,
and the build-up of such liabilities
cannot be expected to continue at the
current rate, they are entered in the
analysis table (table 1, line B2) as
special transaction. In table 2, however, instead of deliveries and changes
in liabilities cash receipts are shown
(line B2). Total cash receipts in 1963
were about $150 million less than in
1962, and approximately offset the
decline in cash expenditures.
Travel exependitures continued to
rise during the year. Receipts from
abroad increased only by $20 million.
The major reason that this rise was
not larger was the decline in Canadian
travel in the United States following
the devaluation of the Canadian dollar
in May 1962. Receipts from other
countries increased by about $80 million or about one-sixth.
Income on investments
r
f. Excludes military transfers under grants.
(x) Less than $500,000.
Revised.
» Preliminary.
2. Short-term capital movements between parent companies and their foreign affiliates are reported as part of direct
investment.
3. Excludes liabilities associated with military transactions, with Government assistance operations, and with sales of
nonmarketable, medium-term, convertible Government securities,
March 1964
The balance on investment income, as
was pointed out earlier, increased from
1962 to 1963 only by about $40 million,
the smallest amount since 1959. The
decline in net receipts was the result
of a slowdown in the rise in income on
direct investments to hardly more than
$100 million for the year as a whole
March 10C4
(mid an actual decline during the latter
part of the year) and a substantial
acceleration in income payments.
It is still true that the outflow of U.S.
capital is mostly for long-term investments, which yield more than we pay
on the inflow of foreign funds, a large
part of which are held in liquid assets.
However, the rise in domestic interest
rates on time deposits and Government
securities has affected not only the new
foreign funds flowing in subsequent to
that rise, but also, rather promptly,
payments on all such foreign assets
held here. This rise was the major
reason for the increase in payments of
income on foreign investments.
Receipts from all private U.S. investments abroad advanced further to a
new high of $4.1 billion in 1963, but
the rate of growth was lower than in
the past few years and receipts in the
fourth quarter of 1963, according to
preliminary data, were slightly less than
in the corresponding quarter of the
previous year,
Income received from direct foreign
investments accounted for about threequarters of the total. Partial data
now available indicate that branch
profits in 1963, derived mainly from
the petroleum and mining industries,
were growing at a steady rate, but that
dividend distributions from manufacturing and other affiliates did not
increase in 1963 and may have diminished. The failure of dividends from
these subsidiaries to rise may suggest
that a larger part of their earnings
was reinvested abroad. Data to confirm this are not yet available, however.
The quarter-to-quarter changes in
income on direct investments are
frequently the result of the timing
of dividends by a few large subsidiaries
in continental Europe. If these were
smoothed out, the drop in the fourth
quarter of 1963 from the fourth quarter
of 1962 would be eliminated, but for
the year as a whole there would still
be a gain of only about 3 percent in
total direct investment receipts, compared to about 10 percent in 1962.
Income from U.S. holdings of foreign
securities and from short- and mediumterm loans increased by about $100
million in 1963, about the same as in
1962. This gain is based largely on
SURVEY OF CURRENT BUSINESS
19
Table 3.-— Short-Term Private Capital, 1962 and 1963, by Country and Type
[Millions of dollars]
Changes -' [decreases (— )]
Calendar year
1962
1963
1962
1963
I
II
Amount
outstanding
end of
December 1963
III
IV
I
n
III'
IVP
Total short-term capital outflow
(line 37, p. 20)
507
na
326
-92
73
200
-61
531
-127
na
na
Total reported by U.S. banks 1
277
700
171
-99
-90
295
-78
398
-107
487
5,817
Major financial centers, total
61
8
-26
79
-48
_•»
—29
3
-143
-8
-28
-107
16
3
144
-47
207
-175
76
79
3
-42
19
109
107
-84
-100
-9
..
-31
44
19
-94
1,253
230
416
607
By type:
Commercial and financial
claims payable in dollars -Foreign currency deposits
and claims
37
41
51
31
92
102
-81
48
807
-68
20
— 99
n
-15
5?
-19
105
-94
28
446
308
205
81
639
390
95
148
219
251
-1
-31
44
-20
28
36
-106
-47
-50
-9
151
21
104
20
-31
191
117
38
36
68
—7
89
-14
411
275
40
96
4,564
2, 137
302
624
230
37
-111
146
191
66
404
4, 475
o
15
-11
-70
155
44
163
-96
17
—28
26
19
145
67
03
101
-115
-18
12
— 126
127
—4
51
80
105
11 a
112
09
na
15
—8
92
G9
28
27
79
na
24
3
13
na
4
-36
na
EEC 1 and Switzerland
Canada.. _. _ _ _ ..
Other countries, total
Japan
Latin American Republics
Other
By type:
Commercial and financial
claims payable in dollars. .
Foreign currency deposits
and claims
Total reported by nonfinancial concerns
_ _ .,
Major financial centers, total
United Kingdom
E E C and Switzerland..
Canar'a
266
174
17
59
98
__
Claims payable in dollars
Foreign currency deposits and
claims
Other countries, total
Claims payable in dollars
Foreign currency deposits and
claims
Brokerage balances, total
-139
-137
-S
30
";
"
1, 580
841
9
(x)
89
121
-20
-188
2,087
9
-10
-216
—6
8
-218
1, 229
na
- 102
-10
-46
(x)
30
20
133
-41
na
82
-20
-30
-36
31
na
na
18
19
27
24
-10
28
858
-11
na
na
(x;
19
1
na
na
na
na
63
24
28
-6
—9
1
-37
'
J
87
12
I
"
210
344
009
r
Revised.
*> Preliminary.
na
Not available.
(x) Less than $500,000.
1
Excludes
Exchange
Stabilization Fund holdings.
2
Changes adjusted for variations in coverage and therefore do not necessarily correspond to changes computed from reported
amounts outstanding.
3
Fourth quarter 1963 estimated on the basis of partial preliminary reports; amount outstanding at the end of 1963 estimated on the basis of figures for the end of September 1963 plus the preliminary data on movements during the last quarter
of 1963.
Table 4.—Changes in Short-Term Official Band anking Liabilities and in Foreign Holdings
of Marketable U.S. Government Bonds and Notes
[Millions of dollars]
Calendar year
1962
Total (decrease — ) (line 50, p. 20)
1963
1962
IV
III
11
I
1963
II
I
III'
653
1,580
46
486
-188
309
320
918
453
1.054
— 601
977
511
466
— 653
— 472
— 181
462
737
— 275
270
412
— 142
374
377
—3
— 74
-j-'s;
104 |
-147
434
442
-243
-214
- 132
213
—225
213
9
-107
134
394
44
269
1 T>7
145
1, 819
— 728
— 6-1°
071
9
4° 1
-283 |
2
„ }C,o
-IS
IV P
187
155
776
595
149
126
181 i
130
~~
51
384
75
— 36
11
109
-64
-48
-19
-94
-137
— 42
74
115
93
112
73
— 638
351
423
451
56
197
059
-214
— 192
-39
— 1."2
215
_•>?<)
~8S
— 115
75
— 115
-102
— 117
— °3
— 25
30
By foreign holder :
Foreign central banks and governments, total
As reported by U.S. banks. .
Other
._
Foreign commercial banks
International and regional institutions (excluding IMF)
Other foreigners and undetermined
._
... _ ..
By type of liabilities:
Deposits in U S banks
U.S. Government obligations:
Bills and certificates payable
in dollars
Bonds and notes (marketable) ..
N on market able certificates
payable in foreign currencies.
Other
Bankers acceptances, commercial paper, time deposit certificates and other liabilities
Other banking liabilities payable in foreign currencies
5
Preliminary.
69 i
100
29
_11.-,
128
]
212 I
240
431
23
90
—87
74
191
3'^
87
121
11
'r>
—7
2
—9
(x)
6
7
—2
1
-9
151
(x) Less than $500,000.
SURVEY OF CUKREXT BUSINESS
20
March 1964
Table 5.—Lnited States Balance of Payments by Area—
[Millions
All areas
Line
Type of transaction
1962
Year
1
2
3
4
5
6
8
9
10
11
12
13
14
15
16
17
18
19
20
21
"2')
23
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
52a
53
1
11
lit
Exports of goods and services
Goods and services transferred under military
grants, net.
Goods and services excluding
transfers
under military grants.
Merchandise, adjusted, excluding; military _
Transportation
Travel
Miscellaneous services:
Private
Government, excluding militarv
Military transactions
Income on investments:
Direct investments
Other private
__
_ ...
Government - Imports of goods and services
Merchandise, adjusted, excluding military. . __
Transportation
Travel
Miscellaneous services:
Private
Government, excluding military
Military expenditures
Income on investments:
Private
Government
Balance on goods and services
Excluding transfers under military grants...
Unilateral transfers, net (to foreign countries
( — )).
Excluding military transfers
Private remittances
Government:
Military grants of goods and services
Other grants
Pensions and other transfers
U.S. capital, net (increase in U.S. assets (— ))
Private, net
Direct investments net
New issues of foreign securities
Redemptions
Transactions in outstanding foreign securities.
Other long-term, net.
. . __
Short-term, net
Government, net. _ _ _
_
__
Long-term capital
Repayments on U.S. Government loans,
scheduled.
Repayments and sellofTs nonscheduled
Foreign currency holdings and short-term
claims, net (increase (— )).
Foreign capita! (lines 44-48), net (increase in
U.S. Liabilities (+)).
Direct investments in the United States
Other long-term investments
U.S. private short-term commercial and brokerage liabilities.
U.S. Government liabilities other than interestbearing securities.
U.S. Government nonrnarketable mediumterm nonconvertible securities.
U.S. Government nonmarketable mediumterm convertible securities.
Increase in short-term official and banking liabilities and in foreign holdings of marketable
U.S. Government bonds and notes (decrease
(-))•
Increase (— ) in monetary reserve assets, including gold, convertible currencies, and IMF position.
Reduction in monetary reserve assets and increase in liquid liabilities including U.S. Government nonmarketable medium-term convertible securities (lines 49-51).
Excluding increase in U.S. Government nonmarketable medium- term convertible securities (lines 50 and 51).
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. 2
Through estimated net receipts from, or payments (— ) to, the United States.3
Through other transactions *
r
Western Europe
III
IV
Year
I
\
III-
II
31,329 7, 322
1,539 218
8,185
305
na
na
7,651
447
8,777 7,680
675 P 215
29, 790 7,104
7,880 31, 603
7,204
20. 479 4,888
1, 749 446
921 286
5, 146 21,902
441 1,848
188
941
4, 945
410
187
1,475
184
060
370
49
127
3, 050 646
800! 201
472 1
91
24, 964 6, 466
16, 145 3,960
2,055! 543
1.905! 737
393
49
209
1. 511
204
632
372
49
164
1, 059 3, 158
213
909
182
498
6,312 26,118
4,181 16. 962
477 2,154
378 2. 071
778
210
89
5,919
3,915
468
315
IV P
Year
III
1963
IV
na 10, 792 2,476 2,888
626 108 144
na
Year
na 2,517
na P114
211
40
69
8,102 7,465
8,832 10, 166 2,368 2,744 10, 676 2,403 2,974
162
30
25
211
40
69
5, 675 5,184
496
468
265
289
6, 098
474
200
131
23
18
14
4
4
C)
(*)
CO
9
2
8
171
27J
3l
55
10
373
51
241
373
50
?78
393
54
149
695
659
226
227
108
109
6,553 6,955
4,223 4, 305
595
586
536
805
1,026
246
192
6,691
4,519
505
415
7, 106 1,683 1,784
871 225 216
104
24
31
572
58
539
139
15
94
151
14
180
7,598 1,739 2,142
864 229 213
114
33
26
603 145
14
56
517 P 57
538 101 151
209
53
58
32 101
177
9,181 2,407 2,396
4,717 1, 166 1,317
1,250 348 300
680 276 115
110
96
699
254
88
1.606
63
23
368
63
25
433
260
105
1,483
66
30
361
656 151
339 i
86
6, 365 856
4,8261 638
186
89
1,873
1,568
796
400
na
5,485
188
91
1, 732
1,285
188
95
2,224
1,549
183
104
725
510
237
110
na
2,141
400
191
1,952
1, 336
91
48
247
139
117
49
652
508
465
221
na
1, 495
102
58
110
na -1,086 - 1, 397 -872
-975
-670 -2,719 -639
— 722 -657
-548
-141 -132
-143
-130
na -1,102 -205 -257
-476 -97 -113
-701
-148 -34 -42
-145
na
— 675 *-215
-447
na — 626 -108
-515 -462
-208 —36
-490
-1,907 -440
-66 -63
-264
-66 — 120 -27
-69
-5.733 -1,436 -2,399 -316 -1,582 -592
120
-4,082 -974 -1,683 -250
1,175 -1,258 309
— 1 799 — 501
- 498 — 154 — 646 — 808 — 211
— 1 294i — S0f> — 518 — 184
195
1r>
86
52
31
43
8
1 50
17
-64
-48
—6
43
99
666 471
-245 -75!
142
29
325
-441
1,020
162
505
802
132!
6
1391 -16
-116J
13
8
12
-55
86
301
5
^
-124 -119
-531
-716
-66
— 620 -438
131
163
-286
— 299
-407
-563
229
-1 _l!
-1 (0
-486 -82 -243
jr.
41
-58
45
182
-304
— 79
66
209
89
HI
-50
73
237
180
312
778
125
380
636
-18
9
— 18
36
167
63
56
56
24
12
69
-64
62
16
102 -38 — 15
-115
-43
111
190
46
— 19
p 139
296
478
63
-10
-95
-1
251
152
175
25
918
187
155
-717 -683
1,127
702
1, 580
—6
_2
— 42
3
142
64
37
309
I?
471
453
653 - 188
-9
-9
-7
-i
350
r
320
r
148
233
6
661
84
500
183
287
32
124
227
-5
2, 186
693
698
2,660
702
1. 194
589
175
410 -183
119
1. 525
2.186J
693
698
1,958
352
1.042
414
150
410 -183
119
948
-495
15
141 -306
(*)
(')
-64
378
-742
(*)
175
389
493 -334
255
661
877
3, 523
840
1,350
749
584
2. 128
681
680
2, 591
687
1,178
574
152 -1,046 -287 -731
386 ! -20
197
932
153
172
175
432
1,539 -47
986
2, 052
— 9!
— 9i
-6'
—9
—9
-7
_j ! _o: _i
-3! -i; -i
-57;
-26:
5
2
-14
-15
x
()
(*)
C)
1
5
(')
:
i
-17
2: -11
-9 K) i -4
-31
3:
1
;
(0
(')
14:
(*)
(*)
-45.
-5| (0
(*) ' -;
(*)
(*)
(')
1
8j
(*)
(') \ (*)
(*)
(') ; (*) |
C) i (<; ----(*) *
i
5
1
(')
4
11
-4
6
388
1
(')
4
11
-4
6
213 -34
1
(')
4
11
-4;
6
-6
-30
34
129 -68
442
332
—290 -140 -322
2,342
-36
-36
-26
()
9
-345 -1,456 -104 -850 -1.815 -528 -313
2, 514
-4
(')
577
881
-45 -2
-2 {*)
13
2
4
31 "-56
205
48
48
!
11
68
38
51
28 -43
338 "115
S'
8|
(') \ C)
(*)
(')
x
I
!
(*)
— 49 — 95
112
o112
6
6!
—6
4
(')
195
1
a
(*)
223
251
1,533
-1,025 -389
154
(x)
1
-35
-35i
-27j
3
2!
W
C)
na -224
na
-428 -110 -109
-146 -43 -47
C)
1
21
19
1
1
5
5
666
56
-43
CO
(')
(')
4
217;
3
7
32!
23!
(*)„
10
99
81
3
8
2
2
25
-98
289
28
21
1
C)
CO
67
67
241
251
(')
i
11
147
62
na
578
34
-261
159
65
1
1
9
95
79
4
19
(*)
cf (*)
CO
CO
363
-144
na ''114 na
-30
-40 -153
-31 -129
-32
-44 -1,413 100 -370
-298
415
1,595 -151
— ] 60 — 800 — 96 — 1 88
272 — 19j —34
3!
5
18
3
38
60
-86
-34
-186
-139
666 429 254
— 288 — 59 -63
42 111
232
251 .....
614
152
14
117
520 106 217
183
49
45
213
30 109
8,830 2,229 2, 236
4. 537 1,073 1, 203
1,139 316 243
615 247 103
114
150
708
-11
61
-462
-563
126
Year III' j IV P
25
107
84
725
33 — 540
-642
-20(
-276 -1,651
— 660 -2. 184
649
213
IV
30
103
91
748
-248' -34
— 507 ! —73
-1,095! 25
-2, 133i-486
617 115
III
162
434
421
2. 880
-1.539-218 -305
-1.903-434 -466
-2451 -57
-61
-4,368 -496 - 1, 359
-3,273 -521 -1,083
-1,5571-324 — 538
— 1,076 —133 -461
34
170! 58
-55^ -15
49
1963
na
na
108
99
794
- 4, 178 i- 826
-2,6391-608
-491 1 -117
1962
III' IV P Year
436 114
400 i 143
3, 028 732
Revised.
» Preliminary.
na Not available.
(*) Less than $500,000.
1. Transactions with shipping companies operating under the flag of the Bahamas, Honduras, Liberia and Panama are included in "unallocated."
2. Changes in reported total gold reserves of foreign banks and governments (including
1962
1963
Eastern Europe
582
654
9
13
1 (0
4
11
13
_2
-19
-9 -13
6
30
10
-31
-4
6
-4 -25
0
31
international organizations but excluding the countries of the Soviet bloc), net of convertible
currencies held by U.S. monetary authorities, plus liquid claims on the United States plus
net changes in their IMF position through U.S. dollar transactions.
3. For "All Areas" equals balance (with reverse sign) of line 23 (less net sales of gold by
SURVEY OF CURRENT BUSINESS
March 1964
21
Annual, Third and Fourth Quarters, 1962 and 1963
of dollars]
1962
Year
1962
1963
III r IV p Year
Year
IV
III
5,386 1,287 1,388
1962
1963
III
Year
IV
5, 549 1, 350 1,535 5,263 1,287 1,334
81
13
17
III'
na 1,278
"9
na
All other countries J
Japan
Latin American republics
Canada
IV p Year
na 1,859
na
1962
1963
Year III' IV P
IV
III
425
473 2,214
559
Year
7,54811, 741 1,985
832
97 144
6,716 1, 644J 1,841
I
4.555 1. 131 1, 162
284
73! 73
67
27
11
5,549 1,350 1, 535 5,182 1,274 1,317 5, 238 1,269 1,371 1,859
425
473 2,214
559
629
4.096
102
368
337
24
5
383 1,798
23
108
3
20
449
29
6
519
28
97
24
24
P5
25
1
10
26
11
554
413
20
14
5
30
6
533
393
11
16
1,234
76
122
4.481J1,
3,187
1761
264
175
A
982
28
80
48
45
1 (*)
4
6
983 1,105 3,291
235
28
25
67
307
124
806
59
88
47
1
4
77
10
3
173
44
2 (*)
18 '3
476
93 173
73
280
70
x
( )
(*)
4,609 1,324 1, 153
3.445 881 899
102
27
26
492 275
80
477
313
4,856 1,381 1,230
3,651 931 982
104
29
25
513 280
85
49
4
304
14
1
75
12
1
74
57
5
278
178
35
42
10
48
12
191
57
777 -37
777 -37
-23 -7
235
235
-7
693 -31
693 -31
-29 -7
7
-7
-1
-29
-5
-23
—23
-634
-634
-312
-457
96
78
-6
-161
-164
-51
-41
38
3
-6
-293
-294
-150
-294
23
37
— 36 — 5
— 3 -108
3
-8
98
1
17
47
2
"%
268
45
17
70
11
P!
70
12
2
72
10
6
94
6
24
4
265 1 430
19| 21
32i
34
129:1,141
T
96|; 816
45
40
67
65
75
3
142
32
36
154
40
"38
75
26
15
84
21
21
82
20
21
13
6
9
11
"3
1
o
1.317 271 460
21
23
85
36
44
153
4,724 1,229 1,190
3.410 885 862
161
40
34
278
80
71
32
48
4
13
20
13
17
46
4
12
5
10
10
672
83
418
202
19
98
165
22
108
647
75
413
205
16
111
150
100
(*)
68
17
73
56
8
17
is
19
1 (')
70
17
1
17
15
71
4
18
4
19
20
21
na -353 -126 -73 -337 -126 -75
989 -353 -126 -73 -337 -126 -75
na -156 -26 -51 -136 -16 -80
21
977
"94
45
67
23
J>9
42
16
10
4
12
5
-31 -91 -15
-31 -91 -15
Q
7
-30
148
148
-28
5
5
-8
na
200
na
-7 -272 -64 -79
-1 -78 -16 -29
-81 -13 -17
-176 -44 -46
-6 -18 -4 -4
84 -727 -120 -226
1 -127
84 — 227
22
32
-104
18
-25 -102 (*) -83
x
5
30
3 ()
29 -13 -2 -11
-380 -88
-104 -18
na p_ 9
-255 -66
-21 -4
-531 -101
-154 -50
50
-78
-35 -23
1 00
11
2
2
96 3,067 B12 844
96 2, 235 515 700
-6 -2,479 - 495 -546
7
-97 -30
-9 -28 -8 -6 -1,647
-18 -21 -5 -6 -20
-5 -215
na
-832
-74
-3 -1 -1
-1 ( x ) -1,356
9
2 -1
-5
-6
-76
-148 -572 -75 -141 -888 -93 -384 -1,446
-123 -516 -58 -119 -833 -97 -387 -407
-124 —53 — 5 -26 -89 -17 -22 -348
-101 -48 -25 -165 -52 — 5 -137
"(*)~
1
4
3
1
31
4 -20
c (*) 4
5
-11
Ij
o
33
-73
4
—3
21
0)
3
3 j (*j
29
47
14
17
-20
10i
14! -10
-59 -38
23
8
3
6
-21
16
—2
10
3
-9
4
_4
1
-1 p-1
1
104
21
49
W
1
na 628
2,681 536
na -511
(*)
—20 -12 -2
11
-1
35
97
3 -10
26
p 15
-7
24
5
9
1i (*)
(*)
-15!
8j -18
(*)
i|
-i
1 (x)
-56 -12 -12
-25
3
1 (')
-27 -13
—5
T>
9
i
-187J - 18
-42; - 15!
— 31
-4
( )
-68 -16 -129
124 -116
522
596
-8
193
3
249
329
599
241
57 -33 -112
-51 -125
329
599
241
-68 -33 -112
-51 -125
17 -175
37 -293
-3
8
-6
-7!
9
107
16
14
4
1 (*)
36 (*) i
5
23
3j -14
39
p 12
23
9
'
4
53
17
(*)
4
1
36
_l
9
41
80
24
00° (')
36
56
7
(J)
.....
150
659
147
129
-9 -84
-32
16
3
98
627
163
132
505
134
138
259
76
98
627
163
132
505
134
138
259
44 -48 -423 -113 -67
118
25
37
565
505
134
138
259
86
648
158
175
505
134
138
259
50
204
50
65
623
159
175
824
335 -213 -88
36
444
108
110 -118
26
27
°8
29
30
Si
It
35
36
37
3S
3'.'
40
41
42
-3 (*)
84
43
6
44
4">
46
78
47
i
99 -81
4 -405
-25 —37 —565
domestic sources to (4-) or purchases from (—) the monetary gold stock of the United States)
plus lines 25, 30, 43, and 53. Domestic sales to (+) or purchases from ( — ) the monetary gold
stocks were in millions of dollars: 1962 III, -12; IV, -18; 1963 I, -15; II, -16; III, -15; IV,
-23.
15
4i
-300 — 32' — 129
(xr ) ~ ( ; j ~ (')
( )
"-65
~17
—65
3
'5
11
12
13
14
I',
16
4S
1
182
166 -13 -70 -114 -169
80 — 17
8
-2i
— 19;
S— 21| —-14|
1;
%
T
(*)
-17
-37
-it
4
5
<:•
8
- 398 -402 -1,682 -419 -393 -156 -26 -51 -136 -16 -80
2
-3
--54 -55 -244 -59 -64
-3
--97 -144
na p — 92 na
- 326 -329 -1, 358 -341 -308 -154 -26 -49 -133 -16 -77
91
-80 -19
--18 -18
1 -40
- 236 -457 -1,942 -264 -710 -355 -18 -204 -131
1 25
13 -344 -234 -24 -82 -57
371-169 -644
20
--421-117 -521 -49 -228 -68 -33 -63 -14 -4
99
-84
-31. _
-86 -11
--26' —52
9
3
12
4
4
18
6
2
3
27 —2 -98
2
8
3
-9|
9
10 -20 — 55
125
234
79
10
4
na 131
693 122
na -97
6
8
8
418
310
9
5
305
876 249 225
305
795 236 208
-7 -353 -77 -96
-4
517
92
36:
19
10
15
16
15
-10
86
76
8
7
15
3
43 -13
59
12
19
9
26
319
8
6
13
3
105
260
7,405 1,765 2,179
5,018 1.215 1,428
324
91
86
92
32
31
24
52
11
23
619
1
5
8
2
2
201
75
3
35
168
7
2
21
281
79
2
38
170
31
9
7
-a.
310
11
140
666
u!
4
29
92
3
33
170
76
39
—565 -398 -215
76
2
30
175
1
2
94
Year III'- IV P
IV
319
10
124
665
376
III
-11 -38 -41 105
44
18
33 -103 -33 -36 -137 -39 -69
55i
6
39
-1
15
23 -116 -97 -97 — 37 -240
36 -29 -423
131 165 -111
16 — 295
32
-113 (*) "(*)" (*)
55 -19 -102
17 -22 -55
-500 -121 -99 -377 -51 -25 -56
4
4
-1,039 - 2731-288
-1,298
-121
6
-366
29 — 93 —9 —3 — 1 0041 '?86| f>99 -1 157 _ 9-39 9(\7
r>i
—620 — 118 — 148 — 553 -86 — 149 —98 -23
3
7
179
34 103
39
35
216
47
61
12
6| 152; 31! 48
144
40
30 1
2
2
" 2
(*)
74
23
13
Line
1963
na
na
1
3
88
20
22
51
14
22
7
21
107
5
31
488 2,066
350 1,497
16
15
52
63i
21!
13
255
81
42
na 1,857
na p92
1
2
90
30
21
23
46
15
19
3
516
382
18
13
25
2
4
III r IV p Year
4
11
370
102
81
82
64
23
2
5
1962
1
2
97
29
20
19
4
116
1,507
96
80
13
34
18
20
119
-7
-1
771
76
94
762 171 212
787 187 206
26
149
36
38
78
135
35
36
127
23
40
15
113
25
33
4,387 1,038 1,109 4,545 1,147 1,171 1,890
3.456 788 874 3,531 871 922 1.358
38
33
39
42
146
70
146
50
477 130 115
540 148 128
13
2
58
15
-24 -6
-771
36
-773
32
—297 -38
-736 -79
100
15
96
28
"
3
199
87
89
79
2»7
36
16
817 3. 221
61
347
70
IV j Year
629
5, 386 1,287 1,388
908
29
135
1963
III
3,889
107
430
International institutions
and
unallocated l
76
69
421 --15
49
20
196 -96
123
176 -104
-138
25
5
684
343
32
99
29
220 -71
128
860
239
69
29
29
220 -71
128
860
239
768
105
122
-49 -74
69
420
L10
64
108 306
09 -237
900
L34 !
151
-480! - 24
-87
90
44
9
69
132
29
76
69
132
32
237
76
24
616
202 -28
50
74
38
51
-39
70 -39
52
69
-39
70 -39
52n
218
563
378 -25
126
928
301
70
9
836
131
100
753
153
269
455
-458 — 156
26
175
148 -199 -446
64
150
115 -54
53
I
88
II
-4 -142
III
119
4. Line I minus line II for all areas represents gold obtained by foreign central banks and
governments outside the United States.
Source: U.S. Department of Commerce, Ollice of Business Economics,
22
additional investments averaging $2
billion per year in 1962 and 1963.
Private capital movements—General
developments
The outflow of U.S. capital, which
had started to rise in the last quarter
of 1962, continued that increase in the
first half of 1963, reaching a total of
about $2,660 million in that period.
The rise was largely in new issues of
foreign securities, but direct investments were also up and so were longand short-term bank loans, as well as
investments of corporate funds in
foreign, particularly Canadian, banks.
To stem the outflow of capital, the
President proposed in the middle of
July the enactment of an interest
equalization tax on purchases of foreign
securities to be effective general!}" as
of the following day for purchases of
outstanding securities and for purchases
of new issues which were arranged after
that date. In addition the ceiling on
interest rates on time deposits was
raised, and the discount rate was
increased; these measures made it
possible for the rates on short-term
Treasury bills and on private negotiable
obligations with comparable liquidity to
go up.
The capital outflow dropped to about
$1,420 million during the second half
of the year—although this period still
included the sales of some new issues
which had been arranged for earlier.
The decline was mainly in the third
quarter, however. In the fourth
quarter capital outflows—after allowance for seasonal changes—increased
again to about $950 million, which
was about as high as the quarterly
average during the years 1960 to 1962.
About $390 million of the $470 million
rise between the two quarters was in
direct investments.
For the year as a whole the net
outflow of U.S. private capital was
about $4,080 million, $810 million more
than in 1962 but still less than in
the previous peak year of 1961.
Inflows of foreign private funds for
investment in other than liquid assets
were about $240 million up from 1962,
as a result of increased purchases of
U.S. securities. Inflows of foreign
capital for direct investments in the
SURVEY OF CURRENT BUSINESS
United States were somewhat smaller
than in 1962.
Both U.S. investments in foreign
securities (new issues) and foreign
purchases of U.S. securities were increased in the second quarter by about
$100 million as a result of transactions
closely linked to each other.
The debit balance for the combination of U.S. capital outflows and
foreign capital inflows was about $3,690
million, or $570 million higher than in
1962.
Major types of capital transactions
U.S. direct investments abroad for
the year as a whole were about $1,800
million, as compared with $1,560 million in 1962. The outflow was relatively large in the first half of the
year. In the third quarter the outflow
dropped sharply, but that decline was
nearly compensated by a rise in the
fourth.
The large shift in direct investment
capital outflows from the third to the
fourth quarter even after seasonal
adjustment reflected a change from a
short-term cash inflow from continental
Europe in the third quarter to an
outflow in the fourth. Another factor
was a large cash outflow to Venezuela,
considerably higher than in the fourth
quarter of 1962. The change may be
associated with tax payments and
seems to be reflected in official dollar
balances held by that country.
Direct investments in the fourth
quarter were also raised by a higher rate
of permanent investment in manufacturing and petroleum companies,
including about $40 million spent to
acquire existing European companies.
Although direct investment capital
flows varied sharply between quarters,
the overall rise in 1963 would correspond
to the projected increase in plant and
equipment expenditures of the foreign
enterprises, as reported by the U.S.
parent companies early in the year. 1
Net purchases of foreign securities,
both newly issued and outstanding (excluding the special transaction in the
second quarter mentioned above) were
not much higher in 1963 than in 1962.
During 1963, they declined, however,
i Survey of Current Business, October 1963, p. 15.
March 19G4
from about $900 million in the first
half (which was nearly twice the 1962
rate) to about $100 million in the
second. Purchases of newly issued
securities dropped—after seasonal adjustment—from a quarterly average of
$430 million in the first half of the year
to $218 million in the third quarter and
$115 million in the fourth.
Transactions in outstanding securities
shifted from net purchases of about
$110 million in the first half of 1963 to
net liquidations of $150 million in the
second half. The net liquidation of
foreign equity securities in the fourth
quarter was about $100 million, with
continued net selling of Canadian
stocks and sizeable selling of European
stocks in contrast to large net purchases
through August. The shift from net
purchases to net sales probably was
stimulated by the relatively buoyant
situation of the U.S. stock market, as
well as by the interest equalization tax
proposal.
There was also a substantial shift
from 1962 to 1963 in investments by
nonfinancial corporations of funds in
foreign time deposits and other shortterm receivables. In 1962 their holdings of such assets increased by $266
million while in 1963 they were reduced
by $70 million (table 3). New investments in such assets were still
large during the first half of 1963, but
the movement was reversed sharply
during the second half when over 8200
million of such assets were liquidated.
Both the outflow in 1962 and early
1963 and the subsequent inflow affected
mainly U.S. dollar assets held in
Canada. This change in movements
during 1963, which exceeded the usual
seasonal shifts of funds, may be related
to the higher earning opportunities for
relatively liquid investments in the
United States following the rise in
interest payments on such assets in
the middle of the year. Longer term
corporate loans were also reduced, particularly in the fourth quarter, when
more than $150 million of credits
appeared to have been shifted to U.S.
commercial banks.
The largest rise in capital outflows
in 1963 was in bank credits, both in
medium-term credits with a contractual
maturity of over one year and in short-
March 1964
term loans some of which are made on
a revolving basis and de facto are
frequently extended for periods exceeding 1 year. The total for the year
(without the apparent shift of outstanding loans from commercial concerns) was about $1,280 million, of
which about $580 million were mediumterm loans. In 1962 total bank credits
were less than $400 million, including
not quite $120 million in medium-term
credits.
The rise in medium-term bank credits
started in the second quarter of the year
(before the interest rate equalization
tax was proposed) but it accelerated
during the second half even after taking
account of the more than $150 million
apparently shifted from commercial
concerns. The short-term bank credits
followed the same pattern (particularly
if a very short-term loan to Europe of
about $100 million extended at the end
of June and repaid early in July is
disregarded). With these adjustments
and allowance for seasonal variations,
bank credits in the first half of 1963
were about $500 million and in the
second half about $780 million.
The net increase in medium-term
bank loans for the fourth quarter was
$459 million ($415 million after seasonal
adjustment), nearly all in December,
but this included the credits apparently
taken over from commercial firms.
The loans were extended to several
European countries, as well as to a number of Latin American countries, and
Japan.
Short-term credits by U.S. banks
s h i f t e d abruptly from a net liquidation
of about $100 million in the third
quarter to net extensions of $490 million
in the fourth. A major part of the
shift was seasonal and it also resulted
from large credits provided to Japan.
I n the fourth quarter these credits were
$275 million, and followed over $100
million in credits extended during the
second quarter (see table 3). Other
credits were mainly to Latin America
and other less developed countries.
Some increase occurred also in credits
to Canada (offsetting in part the return
flow of corporate funds), but new
lending to the major financial centers
in Eurpoe continued to be relatively
small.
SURVEY OF CURRENT BUSINESS
Summary
23
amounts of Canadian issues which were
not expected to continue at that rate.
The improvement in the balance of There were also indications, however,
payments during 1963 reflects in part that new issues of other countries would
favorable changes in the more basic continue to rise. The proposed interest
economic relationships between this equalization tax provided a barrier to
country and the rest of the world, such new issues and also resulted in a
measures taken by the Government, change from net purchases to net sales
and some developments which may of other foreign securities. This change,
have only temporary significance.
however, may also have reflected imThe change in these relationships proved investment opportunities in
seems to have been reflected mainly in domestic securities. An important shift
merchandise trade, and perhaps some also occurred in the flow of corporate
of the capital movements. It seems to funds—not related to direct investbe based on the rapid rise in living ments—from net acquisitions of foreign
standards in most of the other indus- assets in 1962 and the first half of 1963
trialized countries and some improve- to relatively large liquidations during
ment in investment opportunities here. the latter part of the year. This shift
The rise in exports seems to have been may reflect the rise in interest rate on
somewhat more than what could be relatively liquid assets in the United
expected from past experience. The States.
additional exports—particularly to the
Even with these improvements, the
other industrialized countries—-appear outflow of U.S. capital—which basically
to have been in agricultural and to reflects the larger supplies relative to
a lesser extent in consumer goods. At demands here than abroad—remained
the same time our other exports, par- large, particularly through direct inticularly in industrial materials and vestments and bank loans, which inmachinery, rose as foreign business creased substantially during the year.
activit}7 expanded.
The renewed rise of capital outflows
In addition to these developments in the fourth quarter appears to reflect
we had the benefit of exceptionally deeper lying economic relationships as
high exports of agricultural goods well as temporary diversions from
which may be attributed to strictly longer-run trends. The exceptionally
temporary factors.
sharp rise in direct investments may be
Imports, while also expanding, moved in the latter category, and this may also
up somewhat slower than in earlier apply to part of the rise in bank loans.
periods of rising business activity, but On the other side, however, was the
the lesser rise was mainly in imports exceptionally large return of funds from
from the less developed countries, some Canadian banks. This would suggest
of whom spend a relatively large part that omitting temporary fluctuations
of their exports earnings in the United capital movements in the fourth quarter
S t a t es. T h e 1 o n ge r ru n h a 1 a n c e o f p a y- may have been somewhat but not much
ments effect of the relatively slower below the actual figures, but perhaps by
rise in imports, therefore, may not be as much as one-third under the r a t e in
as large as the relatively slow import the first half of the year.
rise itself may suggest.
Abstracting from the temporary deGovernment measures to reduce ex- velopments, and from the "special"
penditures and increase receipts abroad Government transactions that have
resulted in a drop in military expendi- been reviewed, it would seem, that the
tures and an increase in foreign orders balance during the hitter part of 1963
for military equipment which should be was improved and probably broke out
followed by an increase in shipments.
of the range of adverse balances beThe large change during the year was, tween $3 to $4.5 billion experienced beof course, in capital outflows, particu- tween 1958 and the first half of 1963.
larly in net purchases of foreign securi- This improvement, while significant,
ties. During the first half of the year was not quite as large, however, as the
these transactions included
large actual transactions may suggest.
SURVEY OF CURRENT BUSINESS
24
March 1004
REVISED STATISTICAL SERIES
Help-Wanted Advertising in Newspapers. 1948-63: Revised Data for Page S-16 :
[Seas. adj. index; 1957-59 = 100]
1
Year
January
1948 2 .
1949 2
February
A [arch
1950 3
120
87
63
117
75
64
1951
1952
1953
1954
1955
116
129
133
84
90
116
125
135
80
93
1956
1957
1958
1959
1960
128
132
81
93
118
134
126
77
99
119
1961
1%°
1963
88
114
• 107
88
115 i
' 109
.
-
- -
!
;
'
i
i
1
!
April
Jim
July
August
Septem ber
October ! November
December
Monthly
average
110
74
66
110
70
68
110 i
70 1
70
109
66 |
74 i
108
63 •
80 :
109 !
62 ;
92 ;
115
60
93 |
106
58 i
100 i
99
55
98
89
54
95
109
66
80
121
120
141
78
99
117
121 i
114
116
:
118 ';
129
7s
109 i
124
77 '
113
118
77
120
I
i
i
|
120
136
103
70
123
'
;
119
141
95
82
129
120
J38
86
84
134
118
134 !
75 i
105
117
132
113
75
120
!
!
139 :
77 |
101 !
1
132 1
119 i
70 i
79
111
124
114
126 :
109
132
99
84
112
94
1
!
i
i
i
130
90
88
114
93
126
1.29
115
101 |
124
107 i
82 I
116 ;
95
94
117
90
79
111
104
98 ;
108
105 i
98
106 !
107 i
107
107
111
!
110
107
112
110
'107
118
96
110
130
127
71
104
114
;
May
132
US
70
in ;
in :
91
112
109
114
;
;
128
111
in
109
89 '•
89
114
' 108
!
:
105 ;
116
106 ,
IIS
101 ;
93
110 !
104 i
94
111)
109
;
:
e
1
Estimated.
The revised index, back to 1951, reflects the following changes: Enlargement of the sample
(currently representing 52 newspapers): weighting of component indexes based on the labor
force in the cities covered; updating of the seasonal factors: a-nd shifting of the in-dex base from
1957 to 1957-59 = 100.
- For the period 1948-50, the data are based on an original index compiled by the Aletropoli-
Sources: National Industrial Conference Board and B. K. Davis and Bro. Advertising
Service.
Production of Electric Energy in 1962: Revised Data for Page S-26
[ M i l l i o n s of kilowatt-hours]
i
!i
Total
Month
!
81,010
Januarv
February
A I arch
April
Mav
June
...
.
72, 004
78, 702
73. 553
78. 238
77, 857
.
Julv
_
Aumist
September October
November
December
Year_._
-
80,
84,
76,
79
. _
._
. _. _
489
156
882
783
943. 482
i
|
By fuels
5s ( ,V_>'>
51.3XS
70. 770
V
51, 6( v
)iirce
By type of producer
By waterpower
19, SS'i
55. 1S5
Industrial establishments
Privately and
municipally
owned
utilities
14.375
13.353
16, 163
16,003
15, 222
13. 76s
59, 529
52.718
56. 764
53. 310
By source
73. 11,1
59, (',45
69. 563
57. 5,v2
5S. 910
57,044
61.275
13. 456
13.240
11.982
13,076
13,575
14.072
59. 425
62. 478
56.681
59. 160
57. 436
60. 957
14,007
12.882
12.826
13.183
bX4. 032
KiS, 283
692, 704
71,9^6 '
70. 619
75,317
S52.314
1!
By fuels
~. 809
13. 671
12,024
14,006
12,779
13.234
12,932
of). 437
t'3.245
Total
Ot reproducers
(publicly
owned)
70,201
76, 4S5 '
I
Bys
73.201
04. 7 H
70. 407
82. 736
___
Total
t>5. < 90
78,073
__.
Electric utilitie -
- 9f)3
7. 502
6, 982
". 932
", 663
". 832
, 652
1. 332
7,514
7, 376
££:
1 4. 390
,388
.671
.319
. 797
.454
.389
159, ( H I
91,168
87. 759
13, 676
7.091
7,515
7. 168
7. 096
By waterpower
307
28 1
320
331
317
27(5
i
1
3, 400
Source: Federal Power Commission.
Fluid Milk—Utilization in Manufactured Dairy Products, 1946 and 1952-62: Revised Data for Page S-27
[Millions of pounds"!
Year
January
February
March
April
May
Juno
July
Au ?ll , t
September
October
November
December
Monthly
average
1946
2, 549
2, 496
3 026
3 700
4, 675
4. 843
4. 749
4, 2rtS
3, 767
3, 436
2, 851
3. 030
3,616
1952
1 953
1954
1955
1956
1957
1958
2,691
3, 408
3, 809
3 540
3, 699
3. 740
3 769
2. 713
3, 336
3. 770
3 452
3.711
3.617
3 612
3, 231
570
136
319
190
232
3. 737
4, 554
4. 823
4, 513
4. 609
4, 580
4, 454
4, 995
5.511
5. 743
5 614
5. 337
5, 327
4. 840
5. 471
5, 582
5 393
5.311
5,241
5. 164
4. 234
4, 732
4. 544
4 404
4, 576
4 500
4, 514
3, 928
4. 1 78
3.917
3 756
3. 980
3. 863
3, 675
3,418
3, 368
3, 286
3, 323
3, 395
3.231
3. 247
3, 152
3. 197
3, 089
3, 255
3. 281
3. 415
3, 299
2, 708
3. 105
3, 020
3, 104
3, 148
3,124
3, 092
3. 174
3,561
3.318
3. 456
3. 468
3, 466
3. 530
3. 569
4,041
4. 122
3, 996
4, 070
4, 045
3, 993
4.323
4.189
4, 994
5, 029
5, 1 1 7
5 4(59
5, 637
5, 383
5,411
5, 404
5. 608
5, 863
6, 403
6, 267
6 290
6.612
6,851
6,318
6,215
6. 244
6 776
6, 586
5, 674
5, 420
5. 358
5. 806
5, 635
3. 979
4. 037
4.017
4, 348
4, 195
3. 857
3, 804
3, 964
4, 398
3, 538
3, 516
3. 800
4, 175
4,116
3,989
4. 779
4, 748
4, 840
5. 175
5. 216
1958t
1959
1960
1961
1962
_.
„
...
_.
.
4, 331
4, 352
4. 602
5, 040
4,232
4. 523
4,544
4. 822
4.076
4,
4
4,
4,
4
44. ™
637
4, 764
5. 168
5.017
4,386
4. 083
4,246
4, 597
4,447
Current
BUSINESS
STATISTICS
T.
HE STATISTICS here update series published in the 1963 edition of BUSINESS STATISTICS, biennial Statistical Supplement to the SURVEY
OP CURRENT BUSINESS. That volume (price $2.00) contains data by months, or quarters, for the years 1959 through 19'62 (1951-62, for major
quarterly series) and averages of monthly or quarterly data for all years back to 1939; it also provides a description of each series and references
to sources of earlier figures. Series added or significantly revised after the 1963 BUSINESS STATISTICS went to press are indicated by an asterisk
(*) and a dagger (|), respectively; certain revisions for 1962 issued too late for inclusion in the aforementioned volume appear in the monthly
SURVEY beginning with the August 1963 issue. Also, unless otherwise noted, revised monthly data (for periods not shown herein) corresponding
to revised monthly averages are available upon request. 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,
through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1961
1962
1963
1960
1961
IV
Annual total
Data from private sources are provided
I
II
1962
|
III
IV
I
II
1963
III
I
IV
II
III | IV
Seasonally adjusted quarterly totals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
National income, total
Compensation of employees, total
bil. $
426.1
453. 7
' 478. 2
412.8
411.1
423.2
429.0
441.0
444.7
452.4
455. 5
462. 2
466.7
474. 6
482.0
p 489. 3
do
302.1
322. 9
340.4
293.9
294. 0
300.1
304.4
309.9
316.0
322.5
325. 3
327.7
332.0
338.7
342.8
347. 9
9
78 8
227.0
10.2
41.6
23.3
48.1
35.3
12.8
12 1
2Q7 1
241. 6
10.8
44.7
25.7
49.8
36. 5
13.3
12.0
31? 3
253. 0
11.0
48. 3
28. 0
50. 5
37. 7
12.8
12. 1
271 3
221.6
10. 0
39.7
22. 5
46. 6
33.8
12.7
12.1
271.2
220 8
10. 0
40.4
22.8
47.0
34.2
12.8
12.1
276. 9
225 8
10.0
41.2
23.1
47. 6
35.0
12.6
12.1
281.0
2'\8 8
10.0
42.2
23 4
48.3
35.7
12.6
12.1
286. 1
232. 5
10.8
42.8
296.8
241.7
11.0
44.1
299.4
243.7
10.7
45.0
95 9
301.5
244.7
10.5
46.3
9^ 9
49.5
36.3
13.2
12.0
290.7
236. 1
11.1
43.6
25 2
49.5
36.0
13.5
12.0
49.6
36.5
13.1
12.0
49.8
36.6
13.2
12.0
50. 3
36,9
13.4
12.0
304. 5
246. 7
10.7
47.1
27 5
50.7
37.2
13.5
12.0
310.8
252. 2
10.8
47.8
27 9
50. 0
37.4
12.6
12.0
314. 6
255. 1
10.8
48.7
28.2
50. 5
37.8
12.7
12.1
819.4
258. 1
11.8
49. 5
28. 5
50. 8
38.2
12.6
12 2
43.8
47.0
'51.1
41.5
38.8
43.6
44.0
48. 6
46.1
46.5
46.1
49.3
48.8
50.1
52.2
p 53. 4
43.8
22.0
21.8
15.3
6.5
.0
46.8
22.2
24.6
16.6
8.1
.2
r 51. 5
41. 1
20.6
20.4
14.8
5.6
38.5
19.4
19.2
15.0
4.2
.3
43.4
21.8
21.6
15.1
6.5
.2
44.3
22.3
22.0
15.2
6.8
-.3
48.9
24.6
24.3
15. 8
8.5
-.3
45.9
21.7
24 2
46.7
22.1
24.6
16.4
8.2
2
46.2
21.9
24.3
16.5
7.8
-.1
48.4
22.9
25. 5
17.1
8.4
.9
48.3
22.9
25.4
17.1
8.3
.4
51.0
24.2
26.8
17.6
9.2
-.9
52.2
24.7
27.5
17.6
9.8
.0
p 54. 5
p 25. 8
v 28. 7
18.8
p9. 8
-1.1
\V*iges and salaries total
do
Private
_ __
_. do
Military
.__
do ___
Government civilian
do
Supplements to wages and salaries
do
Proprietors' income, totald" _. _
do___
Business and professional^1
do
Farm
.
do
Rental income of persons
do
Corporate profits and inventory valuation adjustment" total
foil
$
Corporate profits before tax, total
Corporate profits tax liability
Corporate profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
do
do
. _.do _ _
do
do
_ _ _do
-24.4
27. 1
17.8
'9.3
r
A
m2
8.0
.1
- do
20.0
22.0
24.1
18.8
19.1
19.8
20.3
21.0
21.2
21.7
22.3
23.0
23.3
23.7
24.3
25.0
do
518. 2
554. 9
585. 1
502. 1
500.4
512.5
521. 9
537. 8
544. 5
552. 4
556. 8
565. 2
571.8
579. 6
588. 7
600. 1
Personal consumption expenditures, total.. do
336.8
355. 4
373. 1
330.3
330. 7
334.9
337.9
343.8
348. 8
352. 9
356. 7
362.9
367.4
370. 4
374. 9
379.9
43.6
17.1
19.2
155. 1
28.6
SI. 1
11.9
i ^s 0
20. 4
44. 1
10 7
48.2
20. 4
20.2
161.4
29. 8
84.2
12.3
14' 7
21.5
46. 6
11 3
51. 5
22. 3
21. 3
167. 1
HO. 3
86 7
13. 0
1 "> 1 5
22. 6
49.2
43.9
17 9
18.8
152. 3
41.2
15.7
18.3
153. 9
28. 2
80. 6
43.1
16.7
19.1
154.5
28. 2
81 0
11.7
137. 3
20. 4
43.
8
1
0. 6
43. 9
17.0
19. 6
155.3
2-i. 6
81. 2
11.9
138. 8
20. ii
44.4
10.7
46.4
IS. 9
20.0
156. 9
29. *
SI. 6
11.9
140 5
20. S
45. 0
JO. 8
47.3
19.7
20. 0
1 58. 9
29. 7
82. 7
12.1
1^2. 6
21 . 3
45. 6
11. 1
47.5
20.1
19.8
160. 6
29. 5
83.9
12. 2
144. 8
21.5
46. 3
11.3
47. 7
19.8
20.3
162. 5
29.9
85. 0
12. 3
146. 6
50. 5
50. 6
22. 0
20. 9
165.3
30. 2
85 8
12.8
151. 1
50. 8
2L3
168. 6
30. 9
87 2
13. 1
155.5
22.8
49. 5
12.2
53. 6
23.3
22.3
168. 7
:so. 4
87.4
13. 2
157 7
48. 2
11.8
51.0
22. 3
20.7
165.9
29.7
86. 3
13 ()
153.5
22. 4
4s. 8
12. 1
69. 0
66. 6
72.0
77. 6
77.3
41.0
21. 0
25. 5
1.9
4M>
20. 1
42. (i
21.0
25. S
3. 5
3. 2
43.2
22. 8
27. 1
0. 9
11.7
21. 2
27.4
H.I
7. 6
1 i
4.0
IK 3
04 •;
3.3
'V 6
4.4
29.5
''T 0
4. 1
29 4
25. 3
3. 3
IX 8
a. s
Si! 3
115. 5
61 . 9
52. 9
,-,3.c
117.0
62. 4
53. 5
54. 6
120 2
6H. 6
51.3
56. 6
123 0
546. 0
270.7
99. 9
170. 8
213 5
61. 8
553. 1
274. 8
102 6
172.1
•>15 °
63.1
561. 2
566. 6
20.-) 7
t'-O 9
536. 3
268. 1
99. 9
1 68. 2
209 0
59. 2
4. /
2 5
8.1
4.8
3.3
6. 5
3.1
3.4
3.6
Net interest
Gross national product, total
_
Du r able goods, total 0
_ _
_ do
Automobiles and parts
- - _.do
Furniture and household equipment -.-do
Nondurable goods, total©
do __
Clothing and shoes
do
Food and alcoholic beverages .
_ _ do. _
Gasoline and oil
do
Services total ©
do
Household operation
do
Housing
__ _ _ do _
Transportation
do
Gross private domestic investment, total
Residential nonfarai
Producers' durable equipment
Change in business inventories ._
Nonfarrn
Vet exports of goods and services
Exports
Imports
do
do
.do
do
do
19 1
19.9
42.8
10.8
78.8
S2. 3
65. 3
59. 6
44.4
23.2
28.8
4»\ 6
,J,( . 9
3 8
os 9
25 I
4. 5
23 1
Govt. purchases of goods and services, totaL.do
Federal (less Government sales)
do
National defense 9
do
State and local
do
107. 9
57. 4
49. ;0
50 i
117.0
(VI 4
53. 3
54 6
125. I
iif>. :,
56. 7
516.3
549. 3
272. 8
101.5
_
do
_ .
do
_ _ _ _ _ _ _ _ do
do
__ _ _ d o
do
Inventory change, total
Durable goods
Nondurable goods
r
Revised.
?J Preliminary.
do
do
do
1'i-A
<:)
20. 5
2'i 8
-2.3
4 9
4 4
93. 8
163. 5
200. 4
58. 6
1. 9
4
n.o
135. 6
20 0
43. 3
10. 7
do
do
do
By major typo of product:
Final sales, total
Goods, total
.
Durable eoods___
Nondurable goods
Services
_
Construction
79 9
11.9
214^5
62. 1
19. 0
24. 6
— 4. a
-4.6
5. 4
"LI
4s
4
-.3
1'6 5
1 9
'27. 0
•> , \
• ^o i
104.7
,'-,5. 4
»7. 5
49. 3
106 S
"i . 1
49. 0
49. 7
107. 9
57. 1
•K6
50. S
112.3
59. S
50. 9
jN ^
101 6
' 3. 7
45 9
48. {)
.>0. 3
2-t . 9
11(9. 6
! 77. 2
22S. 0
Or. 4
504. 4
254. 3
93.2
161. 1
192.8
57. 3
504. 7
252. 8
90. 6
162. 2
195.3
56.7
51 1 . 4
254. 6
9'> 1
162.5
199 1
,">!*. 3
257. 6
94.3
103.3
201. 5
59. 2
530. 5
264. (i
<K2
-2.3
-4.3
6 6
2.3
2 r |~'
•)•-? 7
1.1
9 q
9 1
1 5
o o
9
fi
9 fi
.4
2.6
cf Includes inventory valuation adjust in ent.
(B In dud es data not
3.5
2.0
1.5
ir,-,.s
1 15. 1
sho'u n separa tely.
20^6
163.6
29.9
85. 2
19 (;
4>x 9
11.4
1 I*. 9
21.8
47.6
11.6
79. 6
78.9
7S. *
77. w
SO. 7
83.7
44. ~
23. 3
2*. 7
46 0
24. 2
29. 3
3. 6
'"i. 0
23. 7
29. 9
t 0
43. 7
45. 8
24 s
'V:-5
3. 0
47. '<
25. 9
31. 6
4. 2
3.7
49. °
2C-. S
29 0
5. 1
4.3
t.8
30. 7
25 9
4. 3
%:i
5. 4
32. 3
5>
n
•]. 6
24 i 9
5f>. 4
9\1 7
1(13. 5
174.0
10(V 3
175.3
99() 9
999
4. 0
1:1
5.4
5.1
123 S
66. 5
56.7
57.3
125.7
66. 4
127. 7
60. 6
11
t>L 2
575. 1
285.«»
109.6
176.0
63. 3
581.5
288. 2
110.0
1 78. 3
229. 6
6«i. 7
594. 8
291.8
112.6
i ~() •>
2-' '3. 6
09. 3
4.3
3.0
1.3
4 2
L8
2.4
2. 9
5
63. 6
t!i
»•*
87. 1
5.1
1.1
4.0
9 Govei nment silies are n ot deduc ted.
S-l
SURVEY OF CURRENT BUSINESS
S-2
1961
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
| 1962 | 1963
Annual total
1961
II
III
March 1004
1962
IV
I
II
1963
III
IV
i
I
! n
1964
in
IV
I
II
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT—Con.
Quarterly Data Seasonally Adjusted at Annual Rates
GNP in constant (1954) dollars
Gross national product, total
bil.
Personal consumption expenditures, total..do
Durable goods
Nondurable goods
Services....
__do_,
—do..
do..
.__.
Gross private domestic Investment, total—do
New construction
_
Producers' durable equipment. _
Change in business inventories
do..
___do_.
do..
Net exports of goods and services
do..
Govt. purchases of goods and services, totaL-do
i
Federal-.. _____ ....... ..„_________________do ____
State and local___________________________do ---DISPOSITION OF PERSONAL INCOME
Quarterly Data Seasonally Adjusted at Annual Pates I
Equals: Disposable personal income_________do ____
100.0 I 404.4 I
410. 9
Personal saving
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries. ..... ... ..... _____ .......... -Ml. $. J
Durable goods industries
Nondurable goods Industries
do
do
{
Mining. .............. - ........ _____ -_____do ____
Railroads__________- ..... _ _ - -____________do ____
Transportation, other than rail. ...... ____ do _____
Pnblio utilities. ................. . ........ do ____
Communications_________________________do ---Commercial and other____________________do ---Seas. adj. qtrly. totals at annual rates:
All industries ______ ............. ---- ...... -do
Manufacturing...
Durable goods industries
Nondurable sroods industries
—-do
.do
do
j
1
i
Mining.--do
j
Railroads
do
j
Transportation, other than rail
do
1
Public utilities.do
i
Communications
do
j
Commordal and other
do
i
BUSINESS POPULATION
Firms in operation, end of quarter (seasonally ad- i
Histod).
1
thous.-!
U.S.
i
j
j
j
1
1
1
-j
_19
4 /lu
'
B A L A N C E OF I N T E R N A T I O N A L
PAYMENTS!
Quarterly Data are Seasonally Adjusted
\
U.S. payments, recorded...
mil. $..!
Merchandise
.
do...
Remittances and pensions.-
do
Repayments on U.S. Govt. loans
do
'
Excess of recorded receipts or payments (—).. .do
Unrecorded transactions (n
Total, net receipts or payments (—)
do
1 —2,370 j —2,130
r
Revised.
» Preliminary.
1 Estimates for Jan.-Mar. 1964 based on anticipated capital expenditures of business.
2 Estimates for Apr .-June 1964 based on anticipated capital expenditures of business.
Anticipated expenditures for the year 1964 are as follows (in bil. $): All industries, 43.19;
manufacturing, total. 17.72; durable goods industries, 8.97; nondurable goods industries,
8.75; mining, 1.04; railroads, 1.38; transportation,
2.06; public utilities, 6.01; commercial and
3
(hid. communications), 14.98.
Includes communications.
Digitized forother
FRASER
4 Unadjusted. Data represent firms in operation as of Jan. 1; estimate for Jan. 1, 1968
is based on incomplete data.
§Personal saving is excess of disposable income over personal consumption expenditures
shown as a component of gross national product on p. S-l.
tMore complete details are given in the quarterly reviews in the Mar., June, Sept..
and Dec. issues of the SURVEY.
SURVEY OF CURRENT BUSINESS
March 1004
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1963 p
S-3
1964
1963
Monthly
average
Tan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Jan.
Dec.
Feb. P
GENERAL BUSINESS INDICATORS—Monthly Series
1
|
PERSONAL INCOME, BY SOURCE
2
Season illy adjusted, at annualrates:
Total } ersonal income.
bil. $
450. 4
454. 0
452. 9
454.8
457.4
460.1
462. 6
464.2
465. 1
467.3
471.2
472.6
476. 0
r
478.'l
478.3
297.1
312. 3
302. 8
304.7
306.1
308.7
311.2
312. 9
314. 1
314.4
316.2
318.7
319.2
320. 8
'321.7
323.x
118. 5
94.2
76.6
123. 8
98.3
79.8
119. 5
94.7
77.9
120.1
95.5
78.6
120.9
96.3
78.7
122.5
97.2
79.2
123.8
98.4
79.7
124. 7
99.0
79.8
125.1
99.2
80.1
124.7
98.7
80.2
125. 5
99.6
80. 7
126. 3
100.2
80.9
126. 2
100. 2
81.0
127.2
101.1
81.3
'•126. 9
12S.3
r 101. 1
101.*
81.7
Si. 9
49.5
59. 3
12.6
47.8
57.6
12.3
48.3
57.8
12.5
48.5
58. 0
12.5
48.7
58.3
12.5
49.1
58.6
12.6
49.4
58.9
12.6
49,8
59.2
12.7
50.0
59. 5
12.7
50.2
59. 8
12.7
50.4
61.0
12,8
50. 6
61.3
12.8
50. 8
61.6
12.8
-50.9
51.1
do
46.4
55.6
12.1
62. 2
19 S
62. 5
]•' <j
— do
do
36.5
13.3
37.7
12. 8
37.1
13.6
37.2
13.5
37.2
13.3
37.3
12.8
37.4
12.6
37.6
12.4
37.7
12.7
37.9
I9 /
37.9
12. 7
38.2
I9 7
38.2
12.6
38. 4
12. 5
38. 4
'•12.2
3x. 5
12.0
I9 0
16. 6
30. 0
34.8
12.1
17. 8
32. 5
36. 9
12.0
17.0
31.5
39. 1
12.0
17.2
31.7
35. 7
12.0
17.2
31.8
36. 2
12 0
17.3
31.9
36.4
12 0
17.3
32.1
36.6
19 f)
12 1
17.5
32. 6
36. 5
12 1
17.6
32.8
36.7
12 1
17.8
33. 0
36.8
19 0
19 9
18.2
32.3
36.4
18. 2
33.2
37, 3
18.5
33. 5
37.6
19. 8
33.8
37. 7
34.1
"•239.9 I
10. 2
11.8
11.4
11.5
11.5
11.6
11.7
11.8
11.8
11.9
11.9
12. 0
12.0
12.1
12.3
424. 5
445. 7
2 435. 9
434. 9
437. 0
440 .0
445. 8
447. 0
448.0
450. 3
454. 1
455. 7
Was-e and salary disbursements, total
do
C'ri'inodity-produeing
industries, total.do
M f l !iufficturni^ only
do
Pi-irihutive industries
. -..do...
t->c"vii' P Industries
do
Other 1 ">bor income..
Proi'Metors'
income:
Bu c '"K ^s and professional...
F MI,
..
1 442. 1 i 463.0
He1 i 1 : i come of persons......
Dhid a h
pprsor ,1 interest income
do
do.__
do
Les^ peisoiial contributions for social insurance
bil. $..
Total M'-McViricultural income--.. — .
do
2
443.1
19.0
19.0
34.;;
37. 'J
12.4
459. 2 '-M61.6 i 462.1
FARM INCOME AND MARKETINGS
r r s } i t c TT
' t p* fiorr f irmin£,, including Government
p iy r it- tot il
mil. $__
3. 138
3. 161
3, 508
2. 489
2,440
2, 316
2. 373
2.307
2, 838
3,043
3,636
5, 303
3. 457
3,460
do
lo
lo
lo
lo
lo
CCC
2, 993
3, 021
3, 425
1, 709
1,716
402
1,022
261
"'959
i, 439
372
794
240
2. 333
754
1 . 579
416
845
274
2, 257
670
1. 5S7
2.342
691
2 21)1
\1>-
4. 517
2. 545
1 97°
395
1.234
330
3.3SO
s'-ir
258
3, -466
1.785
1 681
384
986
293
3, 409
1,912
417
7SS
2, 928
1. L'79
1 649
387
956
289
4,100
2, 390
1 710
'438
1)1 4
261
2. 781
1.197
1 584
398
909
262
3s;»
4 OX
7%
All (on n.o ities
1947-49—100
Crops r
do
T i \ c i ' i \ uid products
do
Indf \es >f volume
of
f">tin
marketings,
unadjusted:
Ml connTK i t 4 t ^ .
1947-49=100.
Crop^
do
T IT t ( r^ md products
do
123
124
124
130
119
141
159
126
98
89
106
96
70
110
Q3
96
64
121
94
76
108
114
112
116
120
119
121
142
166
123
185
62
116
168
223
125
140
178
ll'J
139 ! 157 .
125 ,
136
130
142
140
134
145
162
186
143
109
90
123
108
65
140
104
53
142
112
59
152
109
136
130
119
139
138
127
145
170
147
188
230
157
458
183
140
171
151 |
118.3
124. 3
120. 5
122. 5
123.1
125. 1
127. 9
120. 5
123.8
128.3
120 5
121.0
119.8
105. 3
r nm
1 c^nas and CCC loans, total
( ron
1 he
f- md produ >ts, total?
-.1 ) jr\ i * > r1 ucts
_ _
ML ! Mm il> r
f ( r>^ md t - s
_
Indexe o ' c ^ h receipt from marketings and
n
1 328
1, 665
404
968
209
1, 628
400
927
199
326
• )0-
145
9
1 69()
411
05
159 ;. -
INDUSTRIAL PRODUCTION
Ffder^ f e ^ ^ r ^ e Irder of Quantity Output
I n a d j , * * > t d mde\ nncl. utilities)
1957-59=100—
liy Hi 1 i c t r > j i o ^ p i l l J 1 1
M nil *
' ii r L tot il
do
tut n o'e iroQufictures
\c
MiliViv,
_
M
T '
T^I
\
b
^ i0
o-oods m fterials
1 , iblc m t mis
^t&i id *of *i md'rj \ pncl. utilities)
LU in I * n v,ron /
AT u
>f i ij in , t >tal _—
1
.do
14 7
124.
4
195 1
107 8
140 7
1178
118.3
117 9
102 6
120 7
120.7
120.6
104.9
do
do._
do
do
do. -.
1 19 7
1 lv». 7
125. 9
117 7
119.6
124.8
1 '5 ]
134. 3
120. 0
1 19. 0
128. 0
116. 1
122 1
122.4
122. 4
do
117.0
V3 (i
121. 1
118.7
114. 6
1 '!• ' >
115.9
112.3
119 7
do
By nm i ^ jumping
F m J pxi o d u c f s t-otil
C
nnei °"o ids
_
\ i^motne md home goods..
"M o n ol uid "-laples
Ef ( ipiM^nt, including defense
D( '! br » an niactu*e,
o
f
i v met "I1_
M n T H! feel
"*• 'nii'-rous
iiir 4 ils and products
1
> ru fe. metV products
' uc*ui il in( tal parts
in. i
f)
126. 9
125. 1
108. 9
i °8 8
129.8
127.6
111.3
1 2o! 9
135.2
120 .3
123 1
122.1
122.1
135.1
1 IS .0
I" 9 1
123. 0
123.1
135. 4
119. 2
127. 1
128. 1
142. 0
u: o
196 9
126. 5
127.3
121 .5
118.5
124 5
do
US. 3
124.3
1 1 9. 2
120 2
10,
do.-.
lib. 7
ll't. 7
119. b
1'JO. r,
in. y
^ T <i n n y ._
,
< nelertiK il PI i^hinery . _ _
i 1n etricil ui (C imery _ _
do
do
do
125. 0
i
do
118.3
do..-.
103.9
l -'"t'l • ITS md1 lelited products. ...do
( ' "> , U i \ iii' -t >ne products
do..-.
f MMDU i n d n i c d u c t s
do
1 i i i n i t u i e ind f i x t m e s
do.-.
M ^celhnfous manufactures.
do
\ •' NIn- > > ) l p m i m i r ctures..
1 i lie mill products
_. _
\PI a el product-^
T
< tthei m d products..
P tper and products
118. 7
199
140
124. 4
123.7
106 .9
120. 0
io(U5
liH. 1
117. 1
113 2
\i i.' tit iiifl other equinment
I 19 9
in. 8
.—do
do
_ do_ .
do
do
117.9
123.5
I'D. 7
111! i
100. 1
126. n
1 '4 4
ll'3. 4
V>o 1
i->(5 7
13 J 2
127. 0
140.1
109. :»
130.1'
117 5
loy. o
133.1
124. 'j
119.8
115.2
118. 9
102. 3
119. 7
125. 1
117.1
119.0
9 9. 6
9 6. 0
121.7
1 18.4
113.5
] ''7
j
,
9
1''4 8
199 ()
123. 8
124. 3
10".. 7
130. 2
i9'' 6
130. 0
1M.7
135. 4
130. 5
ll'fi. 3
131.9
134.2
14V 6
129 6
126. 9
128.0
1 23. 9
118.7
129.2
126 8
12 4. 0
129. 6
-lOv
r,U2
419.4
118. 7
120. 1
isTo
)
125 8
126 5
l°o 7
1'Tj 7
I'M) 5
123 1
1'JO 4
J 26. S
1
|-
27.0
22. 8
17. 1
U."j 1
123. d
25. 6
122 .0
1 ''V
r
126 4
126 2
1"" 9
130.8
130. S
1 00. 8
122. 1
110. 2
105. 6
iiiv?
10S.2
1 2 0. 6
1 20. 6
127. 2
1 1 1. 6
145.7
128. 3
121.3
120.7
121. 4
122.5
113. 1
114.3
112. 6
122. 5
123. 2
1 22. 5
96. 4
99. 8
98. 7
98.8
125. 2
120.3
123.9
123. 3
r
lt vi^d
i t'rdnninary.
i The total and compone nts are a nnual to als.
2 Italici/f i tot il toi T 4i 190:5 and Jan. 1964 exclude stepped-up rate of Gov eminent life itlSlll
{ t \ n u nts
to
\Lterans
(
J
~
m
1963
total
also
excludes
special
(
ments);
fouii
rLl
divi<
lend
pa\
ui>buiM. T ii< nt a of $2% nullioii (Jan. 1963) and $172 million (. ran. 1964 j multip led by 12 (to
121.7
121.3
124.3
120. 4
1 1.}. y
129.5
1 2 5. 7
113 9
105. 7
129. 2
199 3
I Q Q ' ••>
111'! 5
199 g
!_"• 8
125.6
]°7 4
129.3
424.2
11:3 3
13J 4
1 '8 4
I'M :>
l.jo. n
1 11 !s
107.2
124.5
1 43. 4
107. 5
120.6
115.5
108.0
129.3
J22.3
130. 2
111.9
108. 9
132. 8
125. 7
0(
133.9
1"0. 4
1.7:5. b
134.6
117.9
10»J. 9
133. 2
125. 4
Jo. 9
125. (J
10M. 4
M-J, 0
126. I
1-2*. 4
124. 5
) !')
27.0
133.0
428.1
13,]. '.)
129.
3
l- r O. 9
1 20. &
1 13 "
109. 4
132. 6
119. 7
104. 1
1 35. S
128.1
r 127. 1
131 1
126. 6
134.4
111.4
122.S
i '>',$ I
129. 9
118. 1
130. 0
112. 2
11 5
i l l .9
111.5
123. 7
1 1 9. 3
U ,\ 4
10". . 2
J 02. 2
1 21 . 0
1I« 5
1 >•> 9
122. i
137. 9
10". 9
9
123 3
123.2
123.4
104.5
do.
do..-
<jo
do
do
do
do..
do
nspoitti ion ^quipment
117.9
118 7
117.9
119 8
105 0
131.3
do
I til no
9
111! i
132. 1
118.1
110.4
135.8
1
427. 1
r
124. 6 - 125. 7
3 27, 7
M25.8
r
lJu. G
^A
j9 S 4
T 195 1
128. 4
r 127.9
r
108. 1
r
r
127. 2
122. 6
106. 4 '107! 4
»• 127. 7 •'r 12,3. :,
128. 5
124.2
4 i T . 7 r' 141.8
1
22.
4
llts.
6
r
126. 1 ' ]JS.O
' 126. "
U3. 2
r
r:,j 9
r
126. 7
127. (i
r
127 "•>
129! b
426 6
1
i.'y. 4
ll'3. 7
I22.b
' IJl'ft
133 'i
V-'J. 4
43° °
431. 1
133. 3
' 4;;x. 3
146. 5
112 1
133.0
1 18. 5
110.3
136.3
127. 1
13n x.
l r ><). 3
113. 1'
132. 5
120. 4
lOh. 1
135. 0
126 2
1'H .")
ID.!. ."
4:-!:1. \'
43:j! o
' l l n ;>
43« J 3
r
j" ( , >• f,
Tjs.4
r
I9 4 8
1'JO ( J '
,:;'.,
us.7 Miv;
r
r
in '*
1«,7.5
133.0 |
!_'<, M l
122.0
' b:';. ]
1-X19
130, b
' 130 C,
141.7
' 111. 1
131.9
IJa -)
111. J
13-;. 7
127. 0
„
..)(| ,
^i,-, o
i >j n
' 104 '»
r
12s
" 138.2
121.9
1 )i o
12b. 3
10S 4
100.0
130. 7
1 >,". 3
l')7. 7
126.6
r J9^ g
jn;; 4
-r 132.6
122.4
r
111.7
' 137 4
r
1-6. 3
r
M;> <
m. ,
]-_>7 ,
!_'., r
i >/ «
Mr" i,
11.7
i i i -'.
131.9
122 5
114 7
' 137 1
' 127. 1
} f j f;
i ' > (,
r
l.>t.<
ijy » ,
123. 4
126.4
125. 2
124. S
127.2
1?>. 1
127. 1
115.9
149. 1
116.3
liO. 7
117.6
' Ij'fs
L 19 3
120. 0
122.9
122. f,
126. 2
J 26. 9
124.9
127. 9
126 5
95.4
97. r,
106.6
98.9
99. 2
iaV. 7 104 3
101.3
403.9
I'M 4
122.8
127. 8
125.8
127. &
r:o. i 128. 4 '28.5
19~ 6
put or annual rate bt^1is) arnou nted to $3.6 billi jn (Jan. 1963) an 1 .fiJ.l hi lli'»n ' J a n . I9t»4 .
Figure s for tra n.sfer pa 'ments a nd total nonaaric ultunl i ico me re fleeting s i n u i a r e x e i u M ( / n >
are as follows: Jan. 196 3— $:c,.5 1 nllion ar id .1-432.3 nllion; fan. 1961 —$37.9 >illion am $!.?,».:
billion . 9 Inc udes da ta not shown separateh
:!!»
r.H>4
SURVEY OF CURRENT BUSINESS
S-4
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1963 *>
Monthly
average
19*>4
1963
Alar.
Feb.
Jan.
Apr.
May
June
July
Aug.
Sept.
Oct.
Dec.
Nov.
.Ian. ; Feb. p
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION— Continued
Federal Reserve Index of Quantity Output— Con.
Seasonally adjusted indexes — Continued
By industry groupings— Continued
Nondurable manufactures— Continued
Printing and publishing
1957-59= 100__
Newspapers
do
Chemicals and products
--do
Industrial chemicals
do
Petroleum products
_
do
114.6
108. 5
136. 1
147.5
112.9
116.4
108. 0
148. 5
162.5
117.1
110.2
94. 0
140.0
152.6
114, 3
110.5
93.9
141.4
153. 1
114.3
100.7
90.8
143 .6
155.2
115.5
116.5
109.7
146. 1
1 60 . 7
115.8
118.4
111.4
147.8
161.9
116.9
118.6
112.5
148.5
162.2
118.2
118.4
111.6
151.3
165. 2
119.5
118.5
112.8
151.7
165. 3
117.6
118. 6
113.7
152.6
166.8
117.0
117.9
118.5 *• 121. 5 '119.6
119.2
111.9 r 113.2
113.9
154. 6 '153.9
153.9
153. 5
169.1 r 169. 7
169.9
119. 0
118. 5
116.2
130.6
113.5
113.8
111.5
112.0
138.9
116.4
116.7
1 14. 9
115.1
131.4
115.2
115.0
1 1 6. 1
113.0
132. 8
115.0
115.2
114.2
1 14. 6
140.3
115.7
116. 0
113. 9
114.2
138.8
114.8
1 1 5. 2
112.7
112.7
140.7
116.2
116.4
115.2
118.1
1.37. 0
116.3
116. 4
115.6
114.4
136. 5
116.8
116.8
116. 7
117.9
143.1
117.5
117.5
117.7
116.8
142. 5
116.5
117.5
110. 9
116.8
142.1 r 147. 9
145. 7
117.4 '118.6
118.5
118.8 r 118.0 ••119.2
117.0
114. 5
115.7
114.1
114.6
115.8
105. 0
95. 3
105. 5
105. 1
112.6
109. 7
107.8
102. 4
107. 9
108. 2
112.3
112.1
103.0
95. 1
102.6
101.6
110.1
111.9
104. 7
96. 1
10,-. 3
104. 8
114.3
106.2
j 05. 4
93. 9
10,5.9
104.9
115.7
110.2
107 .4
UK. .8
107.2
107.3
114. 5
113.4
108. 5
104. 5
108. 3
109. 5
116.4
110.1
109. 4
107. 1
108. 9
1 10. 1
112.8
113.2
111.3
107. 1
111.9
113.0
110.3
113. 5
111.3
108.0
111.8
112. 7
112.8
110.7
110.3
106. 2
110 6
110.6
113.4
111.9
109.1 ' 107. 5 M06.4
104.1 r 102. 1
103.4
109.1
108. 0 * 105. 4
109.6
108. 9 T 105. 7
109. 8 f 106. 4 Tr 111.6
113.2
115.5
103. 5
131.3
133. 1
125. 9
140. 7
142. 5
135. 2
135.9
138.0
130.0
138. 2
140.3
131.4
136.4
138.1
130. 6
135.7
136.8
132. 9
139.1
140. 9
133. 7
141.3
143.5
135.2
145.3
148.3
136. 0
144.6
147. 3
137. 0
142.8
144.7
137. 9
143.9
145 7
do
do
do
119.7
119. 7
125.9
124.8
125. 1
134.3
122.3
121.8
130.0
122.6
1 22. 9
130.7
122 4
123. 1
131.0
122. 1
122.5
131.3
1 23. 5
124. 1
133.1
125 2
1 25. 9
136. 9
125 9
126. 4
134. 6
196 2
126. 7
133. 2
1°6 5
126. 7
134.7
127 9
128.0
137.7
Automotive products
\utos
\uto parts and allied products
do
do
do_
131.1
135.9
124.9
141.1
149. 5
130. 1
1 36. 5
141.3
130.2
137. 7
142. 0
132. 1
136.3
141.8
1 29. 1
137.6
141 .9
132.0
137.1
144.3
127. 7
145. 3
159.9
126. 1
141.1
153.1
125.3
134. 8
139. 6
128. 5
138.0
144.2
129. 8
1 16. 8
156 8
133. 6
ITorn0 goods o
Appliances, TV, and radios
Furniture and rugs
do
do
do
122. 2
118.2
123. 9
129.4
124. 7
131.3
125.8
117.3
130.0
125. 9
119. 8
126. 0
127.3
123.2
127.4
126.9
123.6
127. 0
130.3
128, 0
130. 7
131.0
129. 1
132. 8
130. 1
126 0
133.8
132. 0
130.2
133.6
132.3
130. 4
131.6
131.3 • 132. 8
129.4
126.6
134.1
133. 2
r
Apparel and staples
do
Apparel, incl. knjt goods and shoes.do
Consumer staples
_.
do
Processed foods
do
117.7
114.5
118.7
113.7
122. 2
117.5
123. 6
116.5
119.2
115.7
120. 2
113.8
120.
116.
121.
114.
120.5
116.2
121.8
115. 2
119.8
115.3
121.0
114.9
121.3
115.5
122.9
115.9
122. 4
117.4
123.8
116.1
123. 8
118 7
125. 2
116.3
124. 6
119.2
126. 1
117. 9
124. 1
119 7
125. 4
117.9
124. 9
121 8
125. 7
118.1
r
r
Beverages and tobacco
do
Drugs, soap, and toiletries
__do
Newspapers, magazines, books do
Consumer fuel and lighting
_do
111.7
129.9
116.7
126. 1
115.0
140. 0
117.8
134. 4
115. 1
134. 2
113.9
129. 7
114.3
135. 2
115.0
133. 4
114.0
137. 7
1 1 5. 3
131.4
112.7
137.1
118.3
128.7
116.2
138.7
119.3
132. 0
115.2
139. 7
119. 3
136. 1
117.1
143. 8
119. 1
138. 2
117.4
144.0
120. 2
138. 4
112.9
144.8
118.2
137.6
116.0
144.0
117.6
138. 0
Equipment, including defense 9
. do
Business eouipment
do
Industrial eouipment
do
Commercial equipment
_ ___do
Freight and passenger equipment__do
Farm equipment
- -__do
119.6
122. 1
117.2
143.1
117.2
107. 7
124.2
128. 3
122. 9
142. 4
132. 1
121.6
122.0
r\5 0
118.8
145.3
126. 2
118.8
121. 5
125 0
119.3
144.5
126.9
123. 2
120. 7
124 9
119.2
143. 8
126.3
119.7
120.4
194 3
119.2
143.3
126.0
115.2
122.1
1°." 9
1 20. 9
143.4
124. 8
112.2
123. 8
127 8
1 22. 8
142.2
128.1
122.0
124.8
129 0
123. 6
1 42. 4
135. 3
116.6
125.3
130. 1
124. 9
141.5
134.6
118.8
126.2
131.0
127.7
132.0
126 6
141.2
140. 6
130. 7
117.0
114. 1
127. 5
1 18. 9
110.4
123. 6
121.1
137. 2
125. 4
116.3
116.
113.
129.
121
108.
8
3
3
4
6
118.0
114.4
130.9
1 21 9
109.2
120.2
118.0
134.0
1 29 2
112.4
122.9
121.2
135 .4
123.1
115.1
126. 6
125.8
145.9
128.0
118.0
126.7
125. 1
1° 1 . 9
136. 6
126. 3
119.2
125.0
121,5
139.4
125. 1
116.7
120, 0
116. 5
117. 1
1 1 6. 3
126. 2
120. j
120. 3
120. 1
120.5
116.0
118.5
1 14. 7
121. 8
116.7
119.3
115.4
122.6
117.8
121 .5
115.9
124. 7
119.0
116.1
120.4
126.9
121.6
120.3
127. 3
121. 6
121.1
121.8
l'J8. 3
1 1 9. 8
119.9
119.8
128. 4
121. 7
119.7
rs o
121.2
US. 2
1-. t
1°8 6
121. 5
122.6
121.0
111 7
104 9
129 9
117 2
111 7
102 '
L A 3
113 9
105 t
113.3
10 1
134 7
115 (
i ' > .0
117 (
110 5
1'S 8
1 M >
126 4
119. 1
112.1
1V» 4
118.7
110.5
141.2
Rubber and plastics products
Food<? and beverages
Food manufactures
do
do
do__
Tobacco products
do
Mlnin 0 '
Coal
Crude oil and natural gas
Crude oil
do _
do_ _.
do
-do
_ .
-
S tone and earth minerals
do__
Utilities
Electric
Gas
do
do
- do_
By market groupings:
Final products total
Consumer goods
\utomotive and home goods
Materials
Durable goods materials 9
Consumer durable
Equipment
Construction
_
Nondurable materials 9
Business supplies
Containers
General business supplies
do
__do
do
do
do
do
do. _.
do
do
Business fuel and power 9
__do
Mineral fuels
do
Nonresldential utilities
do
BUSINESS SALES AND INVENTORIES §
Mfer. and trade sales (seas adj ), total! t
mil Sr
Manufacturing totalt
Durable goods industries. .
Nondurable goods industries
ro
<c
co
Retail trade, total t
! ) i irable coex 1 s s t ores
Nondurable goods stores
Merchant wholesalers, totalt d*
Durable goods establishments
Nondurable goods establishment so"1
164 107
j') !_•+
co
(> i"
(o
13 ,„
<• o
11, is"
<1(
r o. _ _ " ( 21
6 1,
do.__
'Mfg. and trade inventories, book value, enu of \< ir
or month (seas, adj.), totalt
_
mil 8
Manufacturing, totalf
__ _
Durable goods industries
Nondurable goods industries
_.
_
lo
<io
co
1
60 S7 '
5 Jii
t) Ur
1 1
3 ooJ
•si ^ o
00 }J
"
}
A, 774
Is )71
U ,04
< t "1
4 lit
17 63<>
16 rs
_' ) ^7
6 6J4
M 2S3
^ 14s
ti 1 i
9 ' ,<"S
00 147
J] H9
4
6
4
5
•4
(,
i •>
11
5
A 241
31 V*.
16 OJ2
If' -,S6
.. ) _ 7 *
o 046
624
7 )i
"tS
M,,
-14 i
1 71
ll ( 1'
1
"S 0 i
s 1 >
>-s 30°
1U 0
in 9
ro " i i
OS < " > 0
IS M
35 P4 1
is ~ l f
1 . , ;
_"0{
i
H i^
i! 4<
0
1
i 046
i L ' n^
)
6 1".
»)0
»0
~3 52"
> - )'->
* 07
A »h>
23 5,
o
i"t
ins
140 4
141.6
140.7
137. 8
128. 1
119. C
^s SSI
o5 346
^<5 3s
2 >(t
673
"M)
S31
2 i
"96
125. 5
122. 5
138. 0
128.3
119.3
r
125. 3
117.8
125. 0
120.6
*r 126. 3
119.0
1 14. 5
143.8
117.2
137. 9
115.7
r
143. 4
••120.9
138.0
r 124.
6
r 121.
9
r
129. 1 ' 1'JS.ft
' 1 22. s
- 12l! 7
r 123. 9
r i'*'- 1 3
r
us. 6
' 109.
r
123.
r
1 1 7 ,5
129. 5
141.0
1
149.0
159. 0
135. 9
125. 0
126. 0
120. 4
120.0
127. 0
142. 0
120.';
127. 1
131.0
126. 3
123. 0
130.0
r ] >>, T
12.5 J
2
i'
r
Us 7
r 1()X
Jli'.O
!' '8.0
,
14J. 7
141.9
101. sSl
102,670
,59. 322
3,5, ,581
23,741
r's "
<• 139
r
20, 5.5S
6, 7-34
13.821
"0 OS7
3" 530
23 551
147. 0
' 127. 6 r 128. 8 r 12,s. 0
132.1
133.2 ' 132. •*
l'-!7 4
r's 6
139. 0 T 140.2
141. 6
139. 7 * 137. 2
136.4
131.9 r 129. 1
r
r
r 125. 8
125. 5
125. y
r
122.2
r T>2. 5
1°° 4
138. 4 r 140 2
141. 1
125. 9 ' 127. 9
12s. 2
r
118 !
119.0 r 117.7
20,716
6, 911
13.775
11.991
,5.350
0. 642
.•> 017
35 507
2,3 410
r
133.6
128. 1
!34. 3
20 426
0 >00
1 3 "s 20
5 4 ')
0 "16
146, 0
' 147.8
146. 3
157.0 - 154. ••
r
135. 7
135. t
67, 193
' t,f)
>6~
101
670
231
1 "j
107.4
99. 0
107.0
106. 0
149.1
160. 6
134.0
128 6
'128.5
r
139. 4
35, 004
IS, L'72 'IS. 476
1!>, 732 r 1 7. ,54,5
20
6
1
il
5
6
107.8
104. o
106. 7
106. 3
114.0
116.2
r
67, 921
7()
r
128.0
128. 2
139. 5
3V2H
IS, 590
16.621
IS 16)
r
M45.2
147.0
34 t ~2
17 9^7
H 73"-
16
119.8
120. 5
144.5
146.2
•r 0,2 n o-ts
un on
100 ( 10
R e t a i l trade totalf
do
Js 092 2s 02"
n oo" 11 676
Durable goods stores
do
I L 72
11 7-"
10 , 0 16 j > t , K) 2' 10 16 312
16 > ] 0
Nondurable goods stores
uo
1 J sl 14 2 > 4 13 4 ) 3 !•« "42 13 "73
Merchant wholesalers, totalt cf
__do
Durable goods establishments
do
S 136
8 450
S OS9
S 134
8 122
5 35 5 775
Nondurable goods establishmentsc", ..do _. 5 41
5 4S4
i 420
r
l
Revised.
*> Preliminary.
Total and con jonents <,re b scd on un dMi^t- d d i t a
2
Figures including farm-product raw n i a t m i l s a u cis l o i o v ^ s t m i l s
Dec .
13,092; Jan., 13,283; inventories— Dec., 15,56-, T m , 15,576
9 Includes data for items not shown separate 1\
§ The term "business" here includes onlj m a n u f a e t m m g uiid t <t(> Bi1SIJH ^ 11 i\ f litories as shown on p. S-l cover data for all U p e s of produ« rs, l o t h farm ind noil ar in.
Digitized forUnadjusted
FRASER data for manufacturing are shown QJI p. ^-5, th'se loi r e t u l tra< le on i>
142, 7
126. 4
119.4
r'5 6
r
121
69. ,56'"
r
-
20. 90S
-i,, (!V
r I*''' 1-;r
H! M -
12,103
0, 37,5
r
r
r
- 6 . 711
•". 4 '7
- 0 67,'
!03,062
OO. 147
35. 704 ' 36, OJs
24, OH') r 24. 119
,59. S '}
35. -7
21,014
28. 3,57 2X. 0,51 rr 28, 091
1 1 , 60 1 11,856 l 1,96,5 12. OS..
16.693 16.795 ' 16, 726 16.790
-'14 137
11,202 14. 239
S 012
S 227
8,461
8. 436 r 8. 450
8. 420
" 5S2
5. 740
5, 804
e note n irked
s-4 < f the \V- . 1963 S irvey.
t Revised seri -s For a
d ' t u k 1 d t s c n ptlOl' Of the elm iges ilTe .ting the se series and da ta ior earlier per .od>-, see
PP. 16 -19 of t!u> Dec. 1963 st rt \ i \.
cfExclu des mere hant w olesalers of farm -product
ll t > ) J
10 430
2s 0 >2
11 .si
1 > 47s
rav- IP atmaK
S* 1 > 4
ll
13
S
5
510
7s()
290
4S2
2S
11
lo
13
8
5
iS
11
16
13
8
5
HS
604
VI
Q5J
317
635
2S 117
11 60,5
16 "42
14.122
8 404
5, 718
SUEVEY OF CURRENT BUSINESS
March 1964
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1 1963
Monthly
average
S-5
1964
1963
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES— Con.
Inventory-sales ratios:
Manufacturing and trade, totalt§
ratio
1.51
1.50
1.52
1.51
1.51
1.51
1.51
1.50
1.48
1.51
1.51
1.50
1.53
1.49
1.48
1.70
1.96
.62
.80
.54
1.69
1.94
.59
.80
.55
1.73
1.99
.61
.82
.56
1.70
1.96
.60
.80
.55
1.70
1.96
.60
.81
.55
1.69
1.94
.60
.80
.55
1.68
1.93
.59
.81
.54
1.68
1.93
.59
.80
.54
1.65
1.89
.58
.79
.53
1.70
1.96
.60
.80
.55
1.70
1.98
.61
.81
.56
1.68
1.91
.59
.79
.54
1.71
1.95
.60
.80
.56
^1. 67
-1.95
.59
-.80
.56
1.64
1.89
.56
.77
.55
1.42
.60
,20
.62
1.41
.59
.20
.63
1.45
.61
.21
.63
1.43
.60
.20
.62
1.42
.59
.20
.62
1.41
.59
.20
.62
1.41
.58
.20
.62
1.41
.58
.20
.63
1.39
.58
.20
.62
1.41
.58
.20
.64
1.41
.58
.20
.63
1.43
.59
.20
.63
1.44
.59
.20
.65
'1.37
.56
.20
.62
1.37
.55
.20
.62
1.38
1.82
1.18
1.18
1.60
.84
1.37
1. 75
1.19
1.19
1.57
.87
1.37
1. 76
1.19
1.20
1.58
.87
1.38
1. 77
1.18
1.17
1.56
.85
1.38
1. 78
1.19
1.17
1.59
.85
1.38
1. 75
1.21
1.18
1.54
.89
1.39
1. 78
1.20
1.20
1.59
.87
1.37
1. 75
1.19
1.18
1.57
.86
1.36
1. 72
1.19
1.18
1.57
.87
1.36
1. 77
1.17
1.20
1.59
.88
1.38
1. 76
1.20
1.18
1.55
.87
1.37
1.68
1.21
1.18
1.58
.86
1.39 -1.37
1.76 -1.76
1.21
-1.18
1.22 -.1.18
1.61 -1.57
.91
-.86
1.38
1.77
1.19
1.17
1.56
.86
678
501
709
728
699
693
687
592
605
682
756
-789
688
do
33, 308
34, 774
31,223
34, 718
35, 060
35, 436
35, 002
36, 527
32, 744
33, 761
36, 028
36, 821
35, 377 -34,594
33, 954
do
do do
do
-do
17, 184
961
2,835
1,522
1,859
18, 071
947
2,944
1,586
1,877
15,930
724
2, 665
1.413
1,636
17, 832
799
2,919
1,547
1, 759
18, 173
850
3, 069
1, 681
1,761
18. 703
975
3,197
1,797
1,905
18, 683
1.029
3,338
1.915
1, 944
19. 599
1, 069
3, 342
1.905
2,019
17, 014
999
2, 727
I , 543
1, 785
16, 880
1, 035
2, 755
1,454
1,990
18. 278
1,042
2, 788
1,421
1,986
19. 180
1,089
2,928
1,484
2, 054
18, 457
960
2,852
1,468
1,881
-18,118
-798
- 2, 745
- 1, 405
- 1, 807
17,479
780
2,951
1,588
1,779
2,517
2,366
2, 504
2, 153
2,631
Machinery, except electrical
do
2,301 2, 398
2, 106
2,423
Electrical machinery
do
2,407
4,848
4,453
Transportation equipment
do 4,471
4,931
4,971
3,154
2,806
3,254
Motor vehicles and parts
do
3, 051
3, 301
583
557
510
587
Instruments and related products-do._ 575
16, 124 16, 704 15, 293 16, 886 16, 887
Nondurable goods industries, total9
do
5,
832
5,577
5,
815
5,
397
Food and kindred products
do
5, 748
383
377
344
Tobacco products
do
361
359
1. 263
1,378
Textile mill products
_ . do
1, 158
1,383
1,391
1,355
1,314
1,372
Paper and allied products
do
1, 369
1,270
2,449
2, 568
2. 340
2, 627
Chemicals and allied products.
do
2,539
1,433 1,451
1,424
1,492
Petroleum and coal products
do1,419
710
687
756
Rubber and plastics products
do
793
33, 542 34,114 34, 244
Shipments (seas, adj.), totalf—
do
By industry group:
17, 301 17, 636 17, 622
Durable goods industries, total 9
do
934
947
914
Stone, clay, and glass products
do
2,753
2,803 2,887
Primary metals
do
1,426
Blast furnaces, steel mills
_ _
do
1,488
1, 565
1, 842
1,854
Fabricated metal products
do
1,818
2,369
2,404
2,445
Machinery, except electrical
do
2,311 2,361
2, 363
Electrical machinery.do
4, 607
4,713
Transportation equipment
do
4,699
3, 025
3,122
Motor vehicles and parts
do
3,117
573
Instruments and related products-do .
579
570
16, 241 16,478 16, 622
Nondurable goods industries, total 9
do
5,670
5, 695
Food arid kindred products
do
5, 763
377
374
Tobacco products
do
380
Textile mill products
do
1,289
1, 335
1,374
1,334
Paper and allied products
do
1,336
1,333
2,456
2, 534
2, 573
Chemical sand allied products
. do
1, 385
1,454
Petroleum and coal products
do
1,439
728
757
Rubber and plastics products
do
773
By market category:
3, 309
Home goods and apparel
__ __ do.. 22 3, 296 22 3, 313
3,324
3,308
7, 002
Consumer staples
__ __ __ do
7,108
7, 258
7,145
7, 195
2
4, 167 22 4, 242
4,055
Equipment and defense prod., excl. auto. do
4, 114
4,094
2
3,397
Automotive equipment
do .__ 2 3, 140 2 3, 571
3, 497
3,527
2,692
2, 770
Construction materials and supplies
do
2, 796
2,824
2,721
2 12, 932 2 13, 594 12, 981 13, 226 13, 383
Other materials and supplies
do
Supplementary market categories:
2
1, 336 2 1.380
1, 359
Consumer durables _
_ ._ . d o
1,379
1,362
2
2, 091 22 2. 096
2,020
Defense products
do
2, 007
1, 962
2
Machinery and equipment
_ _ __ do
3,071 3,115
3, 095
3, 215
3,130
Inventories, end of year or month: t
3
Book value (unadjusted), total
do
57,419 359,738 57, 970 58, 366 58, 432
33, 891 35, 565 34, 292 34, 696 34. 899
Durable goods industries, total
do
Nondurable goods industries, total
do
23, 528 24, 173 23, 678 23, 670 23, 533
3
Book value (seasonally adjusted), total
do
57, 753 360,147 57, 883 58, 021 58, 126
By industry group:
34, 326 36, 028 34, 390 34. 496 34, 593
Durable goods industries, total 9 ... do
1,492
1,501
Stone, clay, and glass products.
do
1, 501
1,544
1,508
Primary metals
do
5,873 5,918
5, 850
5, 848
5,846
3,506
Blast furnaces, steel mills - _ do - - 3,528
3,533
3,499
3.498
3,846
Fabricated metal products _ _ _
do _ _ - 3,861
3,826
3,841
3,999
Machinery, except electrical _ __ do _ _ 6,486
6,531
6, 562
6,559
6,910
Electrical machinery
do _._ 4,900 5,055
4.929
4,907
4,917
Transportation equipment _ . do
6,775
6,799
7,331
6,849
6,940
2,396
Motor vehicles and parts. _
do .__ 2,413 2,610
2,417
2,463
1,373
Instruments and related products. _do _ _ _ 1,365
1,375
1,382
1,468
r
2
3
Revised.
! Advance estimate.
Based on data not seasonally adjusted.
Total
and components are end-of-year data. J See note marked "f on p. S-4of Nov. 1963 SURVEY.
§ See note marked "t" on p. S-4.
cT See corresponding note on p. S-4.
*New series. See similar note on p. S-5 of Nov. 1963 SURVEY.
f Revised series. Effective with the Dec. 1963 SURVEY, data reflect the following major changes: Introduction of the
Annual Survey of Manufactures as the new benchmark, revision of sample design, refinement
2, 686
2, 328
5.093
3,401
571
16, 733
5, 655
365
1,379
1,356
2, 768
1, 419
814
34, 578
2. 605
2, 330
4.943
3, 296
566
16.319
5, 656
412
1, 318
1, 345
2, 695
1.429
756
34, 836
2, 742
2, 585
5, 165
3, 405
614
16, 928
5, 961
401
1, 452
1,388
2, 632
1,478
805
34, 942
2. 301
2.179
4. 079
3, 060
524
15, 730
5, 637
390
1, 201
1.254
2, 396
1,435
712
35, 641
2, 392
2, 364
3, 648
1,841
569
16, 881
5, 797
409
1,427
1,366
2, 526
1, 475
736
34, 736
2,595
2, 559
4, 553
2, 791
625
17, 750
6, 241
385
1, 515
1, 453
2, 736
1,456
799
34, 672
2, 544
2 522
5,268
3, 544
610
17,641
6,184
383
1, 501
1,427
2,674
1,442
856
35,214
2,470
2,484
5,221
3,512
610
16, 920
5, 983
394
1, 456
1,359
2,509
1, 424
763
35, 004
- 2, 577
- 2, 490
- 5, 237
- 3, 387
-636
-16.476
-5,913
393
- 1, 356
- 1, 304
- 2, 369
-1,521
-784
-36,021
2,451
2,248
4,893
3, 277
538
16,475
5, 967
324
1,320
1,276
2,571
1, 506
743
36, 500
17, 892
941
3,015
1.679
1,861
2,487
2, 365
4,727
3. 143
576
16,686
5,749
379
1,389
1,336
2, 603
1,453
788
18,112
948
3,191
1,838
1,886
2, 475
2,430
4,682
3,093
572
16,724
5,731
401
1,372
1,347
2,579
1,486
748
18, 242
948
3,148
1,807
1,866
2,497
2, 461
4,814
3,182
582
16, 700
5,816
375
1,379
1,328
2,515
1,482
752
18, 746
962
3,159
1,815
1, 925
2, 530
2,531
5,056
3, 284
600
16, 895
5, 820
374
1,405
1,379
2, 611
1,462
793
18, 160
914
2,857
1,479
1,874
2, 565
2,433
4,979
2, 997
588
16, 576
5,835
393
1,364
1, 323
2, 529
1,477
737
17, 937
938
2,742
1,392
1,855
2,610
2, 370
4,897
3,155
577
16, 735
5,916
377
1,401
1,395
2, 578
1,451
772
18, 590
986
2,904
1,469
1,943
2,615
2,385
5,158
3,362
589
16, 624
5.870
384
1,363
1,373
2, 576
1,428
794
18, 272
977
2,892
1,512
1,913
2, 582
2,369
4, 966
3, 234
594
16, 732
5, 961
379
1,400
1,366
2,578
1,409
781
'18,476
-953
- 2, 981
-1,570
-1,910
r 2, 652
- 2, 432
- 4, 909
- 3, 123
-591
-17,545
- 6, 193
403
-1,466
-1,415
- 2, 640
-1,475
-836
19, 008
1,007
3,050
1,602
1,996
2, 696
2,473
5,058
3,264
608
17,492
6,273
355
1,470
1,341
2,702
1,468
790
3,329
7,157
4,209
3,583
2,722
13, 578
3,436
7,146
4,168
3,520
2, 748
13, 818
3,478
7,168
4,167
3,620
2,771
13, 738
3,407
7, 258
4,381
3,738
2,844
14, 013
3,287
7,278
4,351
3,406
2,793
13, 621
3,201
7,337
4,314
3,573
2, 762
13, 485
3, 207
7.288
4,376
3,797
2,933
13,613
3, 169
7, 382
4, 286
3,635
2, 907
13, 625
- 3, 473
- 7, 672
- 4, 435
- 3, 538
- 2, 811
-14,092
3,512
7,690
4, 549
3,659
2,984
14, 106
1, 300
2,021
3,160
1,385
2,029
3,184
1,414
2,034
3, 215
1,417
2,179
3,292
1, 416
2,353
3, 252
1,372
2, 133
3,272
1,368
2,167
3, 293
1, 356
2,132
3,258
- 1, 454
- 2, 169
- 3, 362
1,474
2,201
3,396
58, 565
35, 107
23, 458
58, 309
58. 939
35. 441
23, 498
58, 507
58, 997
35, 483
23, 514
58, 706
58, 568
35. 187
23, 381
58,884
58, 681
35. 301
23, 380
58,917
58, 837
35, 370
23, 467
59, 087
59. 026
35. 300
23. 726
59, 322
59, 445
35, 359
24, 086
59, 780
-59,738
-35,565
-24,173
-60,147
Manufacturing, total§
Durable goods industries
Purchased materials
Goods in process
Finished goods
do
_ _ ._ do
do
_
__-dodo
Nondurable goods industries
Purchased materials
Goods in process
Finished goods . _ __
do
do
do
do
Retail trade, total t§
do
Durable goods stores
-do
Nondurable goods stores
_ _ _ _ _ _ -do
Merchant wholesalers, total §cf
do
Durable goods establishments
-do __
Nondurable goods establishments cf
do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Manufacturers' export sale s :*
Durable goods industries (tmadj.), total mil. $
Shipments (not seas, adj ), totalf
Durable goods industries, total Q
Stone, clav, and glass products - _
Primary metals
Blast furnaces, steel mills
Fabricated metal products
689
59, 990
35, 794
24, 196 -----59, 891
34, 787 34, 962 35, 156 35, 346 35, 507 35, 536 35, 581 35, 704 -36,028 35, 877
1, 502
1, 506
1,495
1,535
1,551
1,491
1,517
1, 535
1,535
1,544
5, 873
5, 857
5,831
5, 854
5,861
5,828
5,849
5,903
5, 906
5,918
3,494
3,492
3, 455
3,489
3, 459
3,496
3,500
3, 532
3,515
3, 533
3, 855
3,876
3,879
3. 927
3,933 3,889
3,913 3,917
3,984
3,999
6.602
6, 627
6,712
6, 763
6,578
6,759
6, 800
6,839
6,910
6,908
4; 976
4,966
4, 970
5, 009
4,968
4,997
5,043
5, 066
5,055
5,063
7,102
7,013
7, 237
7,370
7,311
7,378
7,256
7,220
7,331
7 241
2.515
2,560
2, 595
2,636
2,731
2,667
2,669
2,595
2,610
2,601
1,396
1,405 | 1,416
1,388
1,434
1,446
1,454
1,452
1,465
1,468
of industry reporting, expansion of industry groups published, and revision of seasonal factors.
In addition, data by market groupings are presented for the first time. Data for shipments
and new orders not seasonally adjusted are adjusted for trading day variation. Revisions
back to 1947 and a detailed description of the current revision appear in the Census Bureau
publication, "Manufacturers' Shipments, Inventories, and Orders: 1947-63 Revised."
9 Includes data for items not shown separately.
SUKVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1963
1963
End of
year
March 1964
Jan.
Feb.
Mar.
Apr.
May
June
1964
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
GENERAL BUSINESS INDICATORS— Continued
MANUFACTURERS' SALES,INVENTORIES,
AND ORDERS— Continued
Inventories, end of year or month— Continued t
Book value (seasonally adjusted) — Continued
By industry group — Continued
Durable goods industries— Continued
By stage of fabrication:
Materials and supplies 9
mil. $_
Primary metals
do
Machinery (elec and nonelec.) do
Transportation equipment
do
Work in process 9
do
Primary metals
- do
Machinery (elec. and nonelec.)— do
Transportation equipment
do _
10, 571
2,333
2,968
1,782
14,129
1,816
5.034
4,142
10, 879
2,259
3,009
1,956
14, 857
1,901
5,249
4, 467
10, 555
2.321
2,982
1,784
14,173
1,818
5,107
4,086
10, 521
2.303
2.959
1,826
14,156
1,809
5,157
4,050
10, 558
2,279
2,955
1,867
14. 213
1,834
5, 137
4, 106
Finished goods 9
do
Primary metals
do
Machinery (elec. and nonelec.)-— do
Transportation equipment
_ do
9,593
1.721
3. 381
824
10,292
1,758
3,707
908
9, 650
1,724
3, 398
829
9,687
1,724
3,430
821
9,752
1,721
3,444
823
Nondurable goods industries , total 9 - - -do
Food and kindred products
do
Tobacco products
do
Textile mill products
do
23, 427
6,080
2,391
2,608
24, 119
6,028
2,314
2,886
23,493
6,049
2,419
2, 624
23, 533
6, 029
9.437
2, 627
do
do
do
do
1,688
3,600
1,809
1,138
1,800
3,818
1,736
1, 157
1,686
3, 630
1,808
1, 127
23, 525
6.020
2,451
2,620
1,689
3,625
1,797
1,150
1,697
3,630
1,816
1,126
1.098
3,621
1,819
1, 145
do
do
9,770
3,304
10,246
9, 769
3,479
10, 871
9, 858
3,383
10,211
9, 886
3, 373
10, 250
9,837
3,380
10,284
do
-do
do
do
do
do
5, 955
9, 515
11, 828
3, 001
5,042
22,412
6,389
9.525
12, 363
3,245
5.290
23, 335
5,997
9, 492
11, 865
2, 996
5, 070
22, 463
5,994
9,538
11,950
3, 030
5, 043
22, 466
do
do
do
2, 722
5. 343
8, 098
2, 955
5, 583
8. 539
2,724
5, 352
8, 173
133,167 1 35, 036
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products
By stage of fabrication:
Work in process
_
Finished goods
By market category:
Homo goods and apparel
Consumer staples
Equip, and defense prod., excl. auto
Automotive equipment
Construction materials and supplies
Other materials and supplies
Supplementary market categories:
Consumer durables
Defense products
Machinery and equipment
10, 646 10,679
2,247
2,220
2,978
2, 999
1 992
1,902
14' 349 14, 602
1,863
1.873
5, 1 69 5,206
4,154
4,391
9,758
9,805
1.716
1,734
3,466
3, 492
833
839
23,522 23,545
5, 987
5, 961
2, 428
2,404
2, 647
2,667
10. 766
2,212
3,028
1,943
14, 629
1,877
5. 199
4, 422
10,810
2,198
3, 083
1,873
14. 740
1,808
5, 232
4, 566
9,852
1,779
3,512
859
10, 981
2,203
3,089
1,990
14, 591
1,818
5,223
4,414
10, 917
2,232
3,001
2, 012
14, 579
1,852
5,172
4,468
10, 878
2,251
2,954
1,989
14. 639
1,845
5.288
4,386
10, 880
2,256
2,992
1,960
14, 648
1,882
5,260
4, 363
9, 949
1,742
3,575
869
10, 040
1,765
3,587
898
10, 064
1,765
3,601
881
23, 538
6.000
2,362
2, 6CO
23,410
5,917
2, 341
2,689
23,551
5,979
2, 339
2, 668
1,701
3,648
1,813
1,169
23. 550
5,952
2,389
2,661
1,711
3,667
1,834
1 , 167
1, 725
3, 694
1,835
1,173
1,728
3,718
1,852
1,164
1,743
3,722
1,830
1,155
23, 741
6, 057
2, 317
2,800
1.757
3,734
1,788
1,159
10, 176 '10,292 10,544 i
1,782 1
1,765 r 1. 758
3,653 ' 3, 707 3,733 i
899 i
897
'908
24, 076 '24,119 24,014 '
6,060 ' 6, 028 6,057 '
2,345 '2.314
2. 332
2,860 '
2,895 r 2. 886
9,805
3,389
10,300
9,726
3, 389
10, 320
9, 679
3, 328
10,452
9,718
3, 354
10, 559
9,694
3,364
10,648
9.660
3,347
10, 544
9,844
3. 344
10, 553
9 679 >
9,826 r 9. 769
3, 428 ' 3. 479 3,494 ;
10, 822 '10,871 10 841
6, 006
9,550
11,941
3, 083
5, 058
22, 488
6. 047
9,524
11. 961
3. 133
5. 042
22, 602
6. 084
9, 501
11, 976
3. 178
5, 073
22, 695
6, 083
9, 470
12, 042
3,221
5,072
22, 818
6, 005
9.525
12, 149
3,248
5, 076
22, 881
6,040
9, 438
12, 172
3, 331
5, 146
22, 790
6,149
9, 447
12, 249
3,268
5, 099
22, 875
6,179
9, 502
12, 189
3,258
5,135
23. 059
6,321 ' 6, 389 6 917 '
9,571 ' 9. 525
9 570
12, 277 '12,363 12.294 ;•
3, 200 ' 3, 245 3. 2°v
5, 189 '5.290
23 9?2 r 23 335 23 '-*4 ;
2.716
5, 437
8, 192
2, 726
5, 445
8, 195
2. 769
5, 493
8,211
2,792
5,519
8, 213
2, 804
5, 552
8, 245
2, 797
5, 647
8,317
2, 855
5,496
8, 365
2, 865
5, 571
8,343
2, 923
5, 490
8,395
32,715
35, 559
36,869
35,833
32, 829
33,779
18, 686
16,873
19,497
16, 872
36,019
19, 182
16, 837
35. 289
17,338
15,377
18,845
16,444
18,867
16,966
17,089
15,740
16, 946
16, 833
f,847
1.749
3.510
847
1,772
3,769
1, 795
1, 167
' 10, 879 10,609 i
2 "1
' 2, 259
' 3, 009 2,954
r
1,956
1,949
'14.857 14 724
'1, 901
1,903
5.284
' 5. 249
r 4, 467
4,393
' 1.800
'3.818
'1.736
' 1.157
1 790
3.809 !
1 7W
1.095
5.304 ;
2,923
5, 502
8,485
' 2. 955 2,930
' 5, 583 5^403
' 8, 539 8. 53'-
r
34, 742
34, 636
35, 364
35, 752
35, 438
34, 425
35,207
34, 930
36, 601 35, 174 ' 34, 045
18. 502 ' 18, 883 18, 140 '17,623
17,715 17,718 17, 034 '16,422
34,991 35, 354 34, 953 '35,619
18, 300
2,959
1,592
1,886
2,574
2,410
4,970
1,398
18,466
2,763
1,454
1,888
2,489
2, 426
5,289
1,925
18, 228
3,057
1,724
1,903
2,512
2,309
4,901
1,388
18, 776
3, 357
1,980
1,831
2,505
2,387
5,313
1,670
19,037
3,805
2,410
1,921
2,581
2,421
4,772
1,175
18, 736
3,153
1,829
1,893
2,618
2,435
5,163
1,628
17,682
2,650
1,277
1,950
2,524
2,437
4,698
1,151
18,060
2,486
1,198
1, 950
2,529
2,568
5,005
1,484
18, 244
2,712
1,371
1,808
2,608
2,263
5,430
1,754
18, 622
3,013
1,590
1,910
2,669
2,410
5,094
1 272
18, 113 '17,974
2,964 ' 2, 938
1,529 '1,456
1,858 '1,914
2,617 ' 2, 741
2,477 ' 2, 463
4,680 ' 4, 327
'801
1,189
19, 391
3.124 !
1.639 : - _ _ _ .
19 993 i
, 81°
2 6*>0 1
5,309 i
1 681 i
16, 736
4,411
12, 325
16,276
4,243
12, 033
16, 408
4,198
12, 210
16, 588
4,237
12,351
16,715
4,309
12, 406
16, 702
4, 260
12, 442
16, 743
4,301
12,442
18,275
2, 605
1,262
1,875
2,608
2.414
5,246
1,678
16,932
4,560
12,372
16,870
4,490
12,380
16, 747
4,495
12, 252
16, 732
4,528
12, 204
16, 840 '17,645
4,635 ' 4, 835
12, 205 '12,810
17 339
4,474 1
12,865 j
I
3,339
7,257
4,368
3,578
2,803
13, 691
3,376
7,118
4,929
3,421
2, 672
13, 226
3,303
7,142
4,257
3,587
2,895
13, 452
3,335
7,182
4,712
3, 661
2,667
13, 807
3,490
7,149
4,310
3,587
2,783
14, 433
3,456
7,145
4,509
3,481
2, 795
14, 052
3,502
7,174
4,204
3,487
2,828
13, 230
3,438
7,263
4,304
3,646
2,919
13, 637
3,581
7,277
4,592
3,484
2,917
13, 079
3,177
7,334
4,424
3, 553
2,712
13, 791
3,199
7, 298
4,069
3,806
2,938
14, 044
3.136 ' 3, 503
3 410
7,371 ' 7, 682 7.697
4,289 ' 4, 133
4,885
3,611 ' 3, 475
3 677
2,807 ' 2, 723 2,908
13, 739 '14,103 14 153
1,404
2,156
3,326
1,409
2, 888
3,254
1,369
2,094
3,206
1,378
2,424
3,217
1,492
1,971
3,351
1,435
2,397
3,416
1,434
1,899
3,292
1,416
2,397
3,334
1,426
2,357
3, 307
1,312
2,466
3,415
1,379
1,922
3,441
Unfilled orders, end of year or month (unadjusted),
totalf
_
mil. $._ 46, 242
49, 149
47, 789
48, 574
49, 876
50, 190
50, 524
49, 836
49,916
49, 945
50, 131
49, 902
49, 696 ' 49, 149
49,839 '
43, 666
2,576
46, 193
2,956
45, 126
2,663
45, 923
2,651
47.241
2, 635
47,452
2,738
47,655
2,869
46,929
2,907
47, 004
2,912
47, 086
2,859
47, 306
2,825
46, 999
2,903
46, 684 '46,193
3,012 '2,956
46,971
2,868 |
46, 784
49, 796
47, 809
48, 424
49, 353
50, 246
50,565
50, 052
49, 542
49, 552
49, 982
50, 140
50, 132 ' 49, 796
49,868
44, 094
3,761
2,057
Blast furnaces, steel mills
do
3,944
Fabricated metal products
do _
6,304
Machinery, except electrical
_ __do
6,964
Electrical machinery
do
Transportation equipment
do_ __ 18, 062
13, 570
Aircraft and parts .
do
2,690
Nondur. goods indust. with'unfilled orders©.do
46, 676
3,930
2,120
4,062
7,027
7,114
19, 368
14, 446
45, 057
3,768
2,084
3,972
6,394
6,953
18,757
14,199
45,736
4,090
2,366
4,025
6,441
6,979
18, 942
14,397
46. 681
4,383
2,624
4,083
6,518
7,000
19,461
14,836
47, 530
5,126
3, 329
4,132
6,560
7,040
1 9, 448
14, 778
47, 864
5,099
3,318
4,137
6,651
7,052
19, 693
14, 979
47,285
4,737
2,960
4,204
6,628
7,053
19,507
14,913
46, 745
4 220
2,417
4,180
6,711
6,991
19, 430
14, 880
46, 695
3,862
2,150
4,191
6,764
7,122
19, 481
14, 819
47, 070
3,822
2,102
4,124
6,780
7,062
19, 998
15, 199
47, 169
3,859
2,172
4,104
6,884
7,058
20, 060
15, 189
47, 076 '46,676 46,886
3,930
3,930
4 015
2,193 '2,120
2.168 >
4,059 ' 4, 062 4,033 ;
6,933 ' 7, 027 7,111
7,117
7,111 '7,114
19,869 '19,368 19,653 |
14, 985 '14,446 14,706 !
3,120
2,752
2,688
2,672
2,716
2,701
2,767
2,797
2,857
2,912
2,971
1,736
24, 713
4,868
15, 467
1,987
26, 197
4,986
16, 626
1,802
25, 540
4,833
15, 634
1,835
25, 764
4,899
15, 926
1,864
26, 397
4,893
16, 199
1,903
26, 401
4,906
17, 036
1,926
26, 503
4,916
17, 220
1,924
26, 248
4,942
16, 938
1,955
26, 075
5,027
16, 485
1,987
26, 484
5,133
15, 948
1,989
26, 664
5,116
16, 213
1,194
18, 148
9,828
1,407
18, 724
11,186
1,221
18, 930
9,963
1,230
19, 119
10, 008
1,249
19, 530
10, 153
1,262
19, 441
10, 304
1,312
19, 597
10, 488
1,318
19, 419
10, 482
1,325
19, 347
10, 549
1,315
19, 399
10, 650
1,254
19, 746
10, 754
New orders net (not seas adj ) totalf
do
Durable goods industries total
Nondurable goods industries, total
do
do
New orders, net (seas, adj.), totalf
By industry group:
Durable goods industries, total 9
Primary metals
Blast furnaces, steel mills
Fabricated metal products
Machinery, except electrical
Electrical machinerv
Transportation equipment
Ajrcraft and parts
do
17,085
16,082
333,167 335,036
17,085
do
2,718
do
1,400
do
1,848
do
do_ __ 2,364
2,285
do
4,484
do
1,342
do
16,082
Nondurable goods industries total
do
4,124
Industries with unfilled orders©
_ do
11,957
Industries without unfilled orders*!
do
By market category:
3,273
Home goods and apparel
do
7,000
Consumer staples
do
4,155
Equip, and defense prod., excl. auto
do
3,162
Automotive equipment
do
2,767
Construction materials and supplies
_ do
12, 809
Other materials and supplies
do
Supplementary market categories:
1,325
Consumer durables
do
2,081
Defense products
do
Machinery and equipment
do_ _ _ 3,090
Durable goods industries, total
do
Nondur. goods indust. with unfilled orders© -do
Unfilled orders, end of year or month (seasonally
adjusted), total t
mil. $
By industry group:
Durable goods industries, total 9
do
By market category:
Home goods, apparel, consumer staples
do
Equip, and defense prod., incl. auto
do
Construction materials and supplies
do
Other materials and supplies
do
Supplementary market categories:
Consumer durables
- do _ _
Defense products
_ _ do
Machinery and equipment.
do
18,300
16, 736
r
!
2
Revised.
Monthly average.
Advance estimate.
3 Data for total and components (incl. market categories) are monthly averages based on new orders not seasonally adjusted.
fSee corresponding note on p. S-5.
9 Includes data for items not shown separately.
©Includes textile mill products, leather and products, paper and allied products,
36,217
1,387
1,968
3,273
3,056
'1,514
'1,476
' 3, 612
34,629
18,244 '
16,385
36, 730
i
i
i
!
1,410 i
2. 599 •
3.546 ;
' 3, 120
2,982
1,977
26, 483
5,111
16, 569
1,945 '1,987
26, 502 '26,197
5,017 ' 4, 986
16, 668 '16,626
1,876
26,457
4,915
16, 620
1,313
19, 625
10, 931
1,352 '1.407
19, 429 '18,724
10, 928 '11,186
1.326
19,015
11,305
:
and printing and publishing industries; unfilled orders for other nondurable goods industries
are zero.
tFor these industries (food and kindred products, tobacco products, apparel
and related products, petroleum and coal products, chemicals and allied products, and rubber
and plastics products) sales are considered equal to new orders.
SURVEY OF CURRENT BUSINESS
March 1964
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
S-7
1964
1963
1963
Monthly
average
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
GENERAL BUSINESS INDICATORS— Continued
BUSINESS INCORPORATIONS cf
New incorporations (50 States) :f
Unadjusted
number- _ 15, 171
Seasonally adjusted
do
INDUSTRIAL AND COMMERCIAL
FAILURES cf
Failures, total.
number..
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade
do _
do
do
-do
do
Liabilities (current), total
.thous. $_.
Commercial service
_ ._
do
Construction
do
Manufacturing and mining
_
do__ _
Retail trade
do
Wholesale trade
do
Failure annual rate (seasonally adjusted)
No. per 10,000 concerns..
15, 534
r
17,411
' 14,924
r
r
14,059
15,390
r
r
16,318 ' 16,347 ' 16,894 ' 15,060 r 15,959
15,563 ' 15,305 ' 15,682 ' 15,536 r 15,431
r
r
15,277 ' 13,824 ' 16,808 rr 12,975 ' 15,472
16,093 r 15,689 ^ 16,275 15,759 r 15,867
18. 825
16, 193
1,315
1,198
1,258
1,304
1,295
1,287
1,303
1,211
1,155
1,135
1,051
1, 262
1,115
998
1,217
112
225
215
629
134
114
200
201
557
126
113
183
244
582
136
112
228
199
629
136
126
221
224
595
129
116
212
189
620
150
111
217
241
595
139
120
158
206
591
136
101
180
173
590
111
108
210
187
522
108
113
189
167
467
115
133
207
217
578
127
129
198
186
479
123
91
198
176
433
100
109
201
205
570
132
101, 133 112, 716 160, 963
7,831
7, 425
7,738
20, 295 19, 280 31,113
33, 333 46, 475 56, 054
29, 143 24. 947 29, 552
10, 531 14, 589 36, 506
94, 715
7,198
22, 530
26, 971
26, 098
11,918
86, 151 120, 509
7.614
9,559
11,925 31, 350
30, 552 45, 955
20, 697 26, 463
9, 127
13, 418
65, 233
5,304
12,394
18, 748
19,341
9, 446
85, 918
6,579
21, 522
28, 149
15, 644
14, 024
91, 834 262, 112
4,171
10, 758
12, 981 20, 325
32, 777 197, 942
23, 603 26. 832
11,715 12, 842
68, 427
3,764
13, 935
22, 662
16, 849
11,217
96, 731
5, 721
22, 166
29, 649
27, 376
11, 819
57.8
57.1
54.5
59.4
51.2
53.9
*60.8
156.3
55.2
60.7
97, 702 100, 755 118,274
6,957
4,960 14, 502
19,017 14, 434 19, 828
32, 107 32, 286 33, 496
26, 148 28, 847 39, 291
13, 473 20, 228 11,157
54.2
54.4
56.4
59.6
55.1
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
Prices received, aii farm products
1910-14=100,.
243
241
245
242
240
242
240
241
245
242
241
241
241
237
243
240
230
244
270
153
226
238
238
270
164
2^4
230
276
254
157
23.1
231
252
251
161
234
238
237
270
161
234
244
243
278
161
239
246
242
275
162
233
244
244
277
169
215
239
266
269
168
205
234
204
271
168
206
232
189
276
171
213
234
201
278
162
223
241
255
274
158
224
241
241
264
164
226
243
261
254
166
230
242
278
249
164
229
do
do
do
_do
220
248
156
530
279
258
157
496
216
251
150
488
227
258
155
501
268
258
151
501
308
254
140
501
327
258
156
500
317
258
153
500
278
256
182
499
270
255
207
494
260
253
163
498
275
264
140
496
294
971
144
483
309
265
144
488
306
268
150
489
298
263
156
490
__do
do
do
do
. __do
255
253
310
145
251
244
252
289
145
266
257
259
308
152
255
251
256
294
157
264
242
249
281
155
274
240
240
288
144
279
235
234
286
134
272
239
232
294
133
272
249
239
309
137
271
249
249
303
141
264
249
9
60
293
148
258
247
268
286
146
258
949
271
150
262
234
2B8
259
144
266
242
265
274
154
274
238
261
269
147
281
280
294
270
283
298
273
284
297
274
284
298
274
283
297
274
283
297
273
283
297
273
283
298
272
284
299
273
283
298
273
283
297
273
282
297
272
282
298
271
282
298
270
283
298
273
283
299
271
311
311
313
312
311
311
311
311
313
313
77
78
78
77
77
77
76
78
77
Crops
Commercial vegetables
Cotton
Feed grains and hay
Food grains
do.. .
do
do
do
do
Fruit
Oil-bearing crops
_ _
_ _
Potatoes (incl. dry edible beans)
Tobacco
_____
Livestock and products
Dairy products
Meat animals
Poultry and eggs
Wool
Prices paid:
\11 commodities and services
_
do
Family living items
do
Production items _ _
do
All commodities and services, interest, taxes, and
wage rates (parity index) J
1910-14=100--
307
312
Parity ratio §t-
279
2
do
312
312
311
312
78
79
78
77
78
CONSUMER PRICES
(U.S. Department of Labor Indexes}
All items
Special group indexes:
All items less shelter...
All items less food
1957-59 = 100
105.4
106.7
106.0
106.1
106.2
106.2
106.2
106.6
107.1
107.1
107.1
107.2
107.4
107.6
s 107.6
* 107.7
do
do-._
105.4
106.1
106.7
107.4
105.9
106.5
106.1
106.6
106.1
106.8
106.1
107.0
106. 1
107.0
106. 6
107.3
107.1
107.5
107.2
107.6
107.1
107.8
107.2
108.1
107.4
108.4
107. 5
108.5
107.6
108.4
Commoditiesf
Nondurables
Durablest9New cars .
Used cars
do do
do..
. do
_ _.do -
103. 2
103.6
101.8
102.1
115.2
104.1
104.9
102.1
101.5
116.6
103.4
104.3
101.2
102.1
108. 2
103.6
104.5
101.2
101.7
110.7
103.6
104.4
101.5
101.4
113.3
103.6
104.2
101.8
101.1
115.4
103.5
104.2
101.8
101.1
115.7
104.0
104.8
102.0
101.2
117.7
104.6
105.5
102. 1
100.5
118.1
104.6
105. 5
102.1
100.2
119.0
104.4
105.3
102.2
99.8
120.1
104.5
105. 2
102.7
10-3. 1
120.0
104.7
105. 4
103.1
103. 2
121.0
104.9
105.6
103.0
102.1
120.3
104.9
105.7
102.9
102.3
119.6
Commodities less foodf
Services^
_ _
do
do
102.8
110.9
103. 5
113.0
102.6
112.0
102.7
112.1
102.9
112.3
103.1
112.5
103.0
112.6
103.3
112.9
103. 5
113.1
103.6
113.3
103.7
113.5
104.2
113.7
104. 5
113.9
104.5
114.1
104.3
114.2
do
do .__
do_
do
103.6
101.7
104. 1
105.0
105. 1
100.2
103.8
111.0
104.7
102.5
103. 8
106.4
105.0
102.1
103. 6
109.4
104.6
100.7
103. 5
109.6
104.3
98.3
102. 9
112.0
104.2
98.0
102.8
113.9
105.0
98.4
102.8
115. 6
106.2
100.2
103. 3
118. 7
106.0
101.4
104.2
114.2
105.4
101.5
104.3
108.1
104.9
100.4
104. 6
106.3
105.1
99.7
104.8
108.2
105.4
99.2
105.0
109.8
105.8
98.3
105. 0
112.4
Housing
do
Shelter?*
do
Rent
~ - .
do
Homeownership*
_ _ do
Fuel and utilities*
_ _ do
Household furnishings and operation*
do
104.8
105.6
105.7
105.6
106.1
101.5
106.0
106.9
106.8
107.0
107.0
102.4
105. 4
106.2
106.3
106.1
106.9
101.8
105.4
106.2
106.4
106.1
106.8
102.1
105.7
106. 5
106.4
106.5
107.2
102.3
105. 8
106.8
106. 5
106.9
106.9
102.3
105. 7
106. 7
106.6
106.7
106.4
102.3
105.9
106. 8
106. 7
106.8
106.7
102.4
106. 0
107.0
106.7
107. 1
106.7
102.4
106.0
107.0
106. 8
107.1
106.4
102.5
106.2
107. 1
107.0
107.2
107.0
102.7
106. 3
107. 3
107.1
107.4
107.3
102.6
106.6
107. 7
107. 2
108.0
107.5
102.7
106.9
108.0
107. 3
108.4
107.6
102.9
106.9
108.1
107.3
108.5
107.7
102.7
Apparel and upkeep*
Transportation
Private
Public..
_. do
do
do
do
103.6
107.2
105.9
115.4
104.8
107. 8
106.4
116.9
103.7
106. 6
105.3
115.7
104.0
106.8
105.3
116.3
104.2
107.0
105.6
116.4
104.4
107.0
105.5
116.5
104.3
107.4
106.0
116.5
104.5
107.4
106. 1
116.6
104.5
107.8
106.4
116.6
104.7
108.3
106.9
117.1
105. 4
107.9
106.5
117.1
105.9
109.0
107.7
117.6
106.1
109.1
107.8
117.6
106.1
108.9
107.5
118.3
105.0
109.4
108.0
118.3
do
___do
do
do
109.4
114.2
106.5
109.6
111.4
110.1
117.0 "115.8
107.9
107.4
111.5
110.2
Food9
Meats, poultry, and
Dairy products
Fruits and vegetables.
Health and recroation 9 *_-_
Medical care.
Personal care
__. __
Reading and recreation
fish
_
_
110.2
110.1
« 115. 9 016.1
107.3
107.3
110.0
110.1
c
110.7 c 110.7 C 111.4
112.1
112.4
111.7
111.9
112.3
112. 7
112.7
116. 4
116. 7 117. 2 '117.3 017.4 "117.5 "117.7 c 117. 9 017.9
118.2
107.6
107.8
107.8
108.2
108.0
108.4
108.0
108.4
108. 8
108.5
110.7
111.0
110.9
112.1
111.5
112.3
112.7
112.8
113.1
113.1
information and data are available from the Bureau of Labor Statistics, U.S. Dept. of Labor
(Washington, D.C., 20210).
cfData are from Dun <v Bradstreet, Inc.
fRevised beginning Jan. 1963 (unadj. and
seas, adj.) to inch data for J3istrict of Columbia. Seas. adj. data revised beginning Jan. 1962
to reflect new seas, factors. Revisions for Jan.-Dec. 1962, respectively, (seas, adj.) are as
follows (number): 15,599; 15,758; 15,670; 15,372; 15,245; 14,947; 15,171; 15,056; 15,249; 14,892;
14,951; 14,985.
JSee note marked "J" on p. S-7 of the Feb. 1964 SURVEY.
§Ratio of
prices received to prices paid (incl. interest, taxes, and wage rates).
^[Data beginning 1962
as shown here are not comparable with "old series" data formerly published.
9Incl.
data not shown separately.
*New indexes.
SURVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962 P 1 1963 v
Monthly
average
March 1964
1964
1963
Jan.
Feb.
Mar.
Apr.
June
May
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
COMMODITY PRICES—Continued
WHOLESALE PRICEScf
(U.S. Department of Labor Indexes)
Spot market prices, basic commodities:
22 Commodities
1957-59=100-.
9 Foodstuffs
_do
13 Raw industrials
do _
193.0
89.8
95.4
i 93.5
92.9
93 9
93.5
90 7
95 5
93.3
90 8
95 1
92.2
89 2
94 4
93.0
90 9
94 5
95.1
95.0
95.2
93.5
92.9
93 9
93.8
93.4
94 2
92.6
90.3
94 2
93.0
91.4
94 1
95.8
95. 1
96.3
95.7
93.4
97.3
95.0
91 1
97 7
95.5
91 5
98 5
94 4
88 9
98 5
All commodities
do
100.6
100.3
100 5
100 2
99 9
99.7
100.0
100.3
100 6
100 4
100 3
100.5
100 7
100 3
101 0
100 5
do
do
do
97.1
100.2
101.7
95 0
100. 5
101.4
96 8
100.2
101 8
95 6
100.1
101 5
94 5
100.0
101 1
95.0
99.9
100.8
94.2
100. 5
101. 1
94.8
100.6
101.5
96 1
100.6
101. 8
95 7
100. 5
101.4
94 8
100. 5
101 5
94 8
100.9
101.6
95 1
101.0
101 8
99 fi
101.1
101 4
T 95 i
101. 3
102 1
94 1
101.2
101 6
101.0
100.1
101.0
99 6
100 7
100 2
100 7
99 7
100.6
99 2
100. 6
99.0
100.8
99.4
100.9
99.8
101.1
100 1
101. 2
99.6
101. 1
99 5
101.4
99 8
101.5
100 0
101 6
99 2
r 101 "
100 3
101 9
99 4
9
96 3
95. 9
103 9
84 7
94 5
97.9
1099 0
8 8
100 9
By stage of processing:
Crude materials for further processing
Intermediate materials, supplies, etc
Finished goods O
By durability of product:
Durable goods
_
Nondurable goods
_do
do __
97.7
97.7
98.8
96.2
95.7
96.1
101 9
88 8
98 5
104.0
102 0
94 1
96 5
96.5
103 0
89 5
95 4
99.0
103 7
85 6
95. 4
99. 6
105. 1
88.2
94.4
99.8
102.9
86. 8
94.9
97.1
101.4
89.3
96.8
97.0
99 5
94 4
96.3
92.5
98.5
93 5
95.5
88.0
102 9
88 6
95.1
89.1
101. 8
88 0
96
96.1
100 3
87 9
93 3
94.8
101 8
79 9
Foods processed 9
- do
Cereal and bakery products
do
Dairy products and ice cream
do
Fruits and vegetables, canned, frozen
do
Meats poultry and
fish
do
101.2
107. 6
106.9
98.0
99.1
101 1
107 3
107 5
103.9
93 3
100 S
107 4
107 8
100. 0
97 9
100 5
108 6
108 0
99.8
95 6
99 0
108 0
107 1
101.3
91 8
99.3
108 1
106. 9
102.9
90.3
101. 7
107. 6
106.8
1C3. 4
91.9
102.4
107.0
106 .6
104.6
94.1
102 2
106 4
107 3
105. 7
96 3
100 9
106 0
107 9
104. 8
95 2
100 9
107 0
108 0
105. 3
94 2
102 2
107 7
107 4
105.8
93 2
109 5
107 3
107 9
106. 4
91 7
100 4
106 9
108 1
106. 8
87 "
r 1(J9 5
108 0
107.' 2
91 8
107. 3
88 S
Commodities other than farm products and foods
1957-59=100-
100.8
100.7
100.7
100.6
100.6
100.4
100. 5
100.7
100.8
100.8
100.7
100.9
100.9
101.2
101.3
101. 3
97.5
96.3
96.0
76.3
101.9
103.8
96
94
95
80
99
103
96
96
95
71
100
103
96
95
95
72
102
103
7
2
1
7
3
8
96 8
95 4
95 9
74 5
102 3
103 7
96 3
95. 0
95 1
96.3
95.0
95.2
80.6
100.8
103 .0
96 0
94.7
95 1
81 4
99 8
103 0
96 0
94.6
95 0
81 7
Q6 9
103 9
96
94
94
81
97
103
96
94
94
88
97
103
96
94
95
90
98
105
96 9
94 3
9^ 0
q
%
n/t Q
10 3
103 7
96. 4
95. 0
95.2
78. 6
102.3
103. 0
Fuel and related prod., and power 9
do
COP!
- do
Electric power
Jan. 1958=100—
Gas fuels
do
Petroleum products, refined
1957-59= 100—
100.2
96.8
102.8
119.2
98.2
99.8
96 9
102.
0
192 8
97.2
100.
4
Q
8 3
102. 5
120 8
98.2
100.3
98 4
102.5
127.8
97.1
100.8
98 1
102. 4
127 8
98. 2
100. 3
95 0
102. 4
T>4. 1
98.2
100.4
94. 2
102.2
120.1
99.1
100.9
94.9
102.2
120.3
99.9
100. 4
95 8
102.0
121.2
98.7
98.9
96 2
101.9
120.9
96.1
99.0
97 2
101. 8
121.7
95.9
Furniture, other household durables 9 ---do
Appliances household
do
Furniture household
do__ _
Radio receivers and phonographs
do
Television receivers
do
98.8
94.0
103.8
86.1
94.2
98.1
91 8
104 6
82.9
99 3
98.3
9l) 3
104. 5
84.6
93.6
98.2
92. 3
104. 5
84.6
93.6
98.2
92.3
104.6
84.2
92.7
98.1
9? 1
104. 4
84.2
98.0
92.0
104. 4
83. 0
92. 7
98.1
91.9
104 .5
83 .4
92.5
98.0
91.7
104.5
81.5
91.9
98.1
91.7
104. 6
81.5
91.9
98.1
91 4
104.8
81.9
91.9
Hides, skins, and leather products 9
Footwear
Hides and skins
Leather
Lumber and wood products
Lumber
-
do
do
do
do
do
- do
107.4
108. 6
106.2
108.5
96.5
96.5
104.2
108 3
84.0
101 9
98 6
qg 9
106. 0
1^8 3
95. 2
105 2
95 9
95 9
105. 1
108 3
85. 9
104 7
96.1
96.2
105.1
108 3
88.4
103 7
96 5
96.6
104. 5
108 2
85. 0
109 8
97.0
97. 6
104.8
108. 2
87. 4
103. 2
97. 5
98.4
104.5
108.2
85.8
102.5
98.3
99.2
104.3
108. 4
83.5
102. 2
101.6
102. 1
103.6
108.4
80. 5
100. 1
102. 6
102. 7
103. 1
108 4
77.3
99 5
99 9
100.7
Machinery and motive prod 9
Agricultural machinery and equip
Construction machinery and equip
Electrical machinery and equip
Motor vehicles
do
do
do
do
do
102.3
109. 5
107.8
98.4
100.8
10'? 9
111.1
109.6
Q7 4
100 0
102 3
110.8
108. 3
97 8
100 8
102 2
110.8
108.5
97 8
100.8
102 0
111.0
108.8
96 9
100 7
101.9
110.9
108. 8
97.0
100.2
102. 0
110.9
109.2
97.5
99.8
102 .0
111.0
109 .6
97 7
99.3
102. 1
110.9
109. 7
97.2
99.8
102. 1
110.9
110.0
97. 2
99.5
102. 2
110.9
110.1
97.2
99.3
Metals and metal products 9
Heating equipment
Iron and steel
Nonferrous metols
do
do
do~
do
100.0
93.2
99.3
99.2
100
99
99
99
1
9
1
1
99. 5
92 5
98.8
98.0
99.4
92.4
98.6
98.0
99. 4
92.6
98.4
98.1
99.4
0° 9
98. 5
98.2
99.9
93. 0
99. 3
98. 7
100 .0
93.3
99 .0
98.7
100.0
93.3
99.0
99.0
100.1
93. 1
99.0
99.4
do
do
do
-do - -
101.8
103. 5
102.6
105.0
101
103
101
105
3
6
7
4
101 4
103 7
102. 5
105. 0
101.5
103. 6
102. 2
105. 0
101.5
103. 6
102 2
105. 0
101. 5
103. 8
102.2
105.0
101. 3
104. 0
1C1.9
105.0
101.2
104 .0
101 .9
105 .0
100. 9
103. 5
101. 2
105. 0
do
_ _ do --do
do
100.0
102. 6
93.3
87.1
99. 0
102. 2
94. 3
8<). 0
99.1
102. 2
94.2
89.0
99. 0
102. 2
94.1
89.0
99. 0
102.2
94.1
89.0
99. 1
102. 2
93.2
89.1
99.4
102.2
93.1
89.1
do- -- do ~do
do
do
_do- -
100. 6
101. 5
101.7
93. 9
125. 9
99.1
99.2
102. 4
93.8
90 1
100. 5
101.9
100. 3
93.9
139. 9
100.9
100. 3
1 00. 4
101.4
101.3
100. 6 i 100. 5
93.7
93. 7
151. 1
149. 8
100.7
100. 7
100. 2
101.4
100. 2
93. 8
150.9
100. 8
100. 1
101.3
100. 1
93. 8
150.9
100. 8
ICO. 2
101.6
99.7
93.8
144.4
100. 0
100 .3
102 .0
99 .7
93.8
148.0 j
100.8 j
Tobacco prod, and bottled beverages 9 ---do
Beverages, alcoholic
-do
Cigarettes
do_ -M! iscellaneous
- - do - _
Toys sporting goods
do
104. 1
101.0
101. 4
107.3
100.8
106. 1
101 . 0
104. 1
110.4
101.0
104.3
101.1
I'll. 4
1 11.6
101.3
104. 3
101. 1
101. 4
111.5
101.1
104.3
101.1
101.4
110.8
100.5
104.4
101. 1
101.4
108.0
100. 7
1G5, 2
101. 0
104. 2
107. 6
100. 7
99.4
94.9
99.7
1)3. 7
99.5
94. 3
99. 8
94, 3
100.1
94. 2
100. 3
94.2 i
ICO. 0
94. 2
Fann products 9
- do__ .
Fruits and vegetables, fresh and dried
do
Grains
-do
Livestock and live poultry
do
Chemicals and allied products 9
Chemicals industrial
_
Drugs and Pharmaceuticals
Fats and oils inedible
Fertili?er materials
Prepared paint
Nonmetallic mineral products 9
Clay prod'i cts structural
Concrete products
Gypsum products
_
Pulp, paper, and allied products
Paper
_ _ _
Rubber and products
Tires and tubes
T'extile products and apparel 9
Appprp]
Cotton products
Manmade fiber textile products
Silk products
Wool products
do
do
do
do
do
do
3
8
1
3
9
8
9
0
9
7
8
8
9
0
5
Q
3
2
9
°
2
9
5
i
9
r
1AT
Q
1 07 9
3
°
o
2
4
1
105 3
95. 6
97.9
98 3
10L3
122 3
93.8
101.3
1°4 8
96.1
98.1
91 9
104 8
81.9
91.8
98.1
91 9
104 8
81.8
91 8
98. 0
91 1
104 7
81.7
90 9
103. 4
108 4
8o!o
99 5
99 9
99 3
102.3
111.2
110.4
97.2
99.9
103. 5
108 9
82.7
99 7
99 2
99 3
102.5
111.4
110.9
97. 5
99.9
100.3
93. 1
99. 1
99. 6
100.9
93. 1
99.9
101.0
92. 8
99.9
100. 2
101.0
103. 6
101. 2
105. 8
101. 1
101.3
101.2
101.3
92.7
100.0
101. 0
101.3
99.0
102.2
93. 0
89. 1
99.1
102. 2
93. 7
91. 2
99.1
102.2
99.5
102. 8
99.4
102.9
99.4
102.9
91. 7
91. 7
100. 4
100. 5
102. 3
100.7
102. 5
100. 2
94.2
126.1
100. 6
101.1
102. 3
101. 3
94. 4
130.5
101.6
101.2
102. 3
101. 5
94.6
126. 3
102.8
r 101.2
99.8
93.7
134. 5
100. 5
100.4
102. 2
99. 7
93.9
136. 6
100. 6
r
94. 7
121. 6
103. 2
95. 1
116. 8
103. 3
105 .8
101 .0
105.6
108.1
100 .7
107. 5
101.0
105. 6
110. 4
101.0
107. 5
101.0
105. 6
111. 1
101.2
107. 5
101.0
111.8
101. 1
107.5
100.9
105. 6
111.2
101. 1
107.5
100. 9
105. 6
110. 9
101. 0
107.5
101. 0
105. 6
112. 2
101. 1
107. 6
101. 0
105. b
112. 6
100. 9
107. 1
101. 0
105. 6
110. 9
100. 9
99.7
99. 4
93. 4
99. 6
93.4
99. 7
T&4
t9. 5
93.3
99. 3
93.1
99.7
92.9
99. <
92.9
- 90. 5
94. 0
130. 1
100. 6
98.8
97 7
101.4
199 0
r
no A
99.5
98 3
101.
3
194 8
96. f>
99.3
103.0
r
r 98. 4
r Ql 3
r IfjK, (>
r 81. 5
90 v*
r
1 OS 9
102. 7
108 3
76.3
99 1
99 9
102. 6
111.9
111.2
97.7
99.9
99 5
99 0
99 9
T
r
102 5
r 112. 1
111.8
96 9
99.8
r
••101.7
98.4
Ql 4
1'''5 0
81.
5
9;) 9
102. 5
108. 3
74.1
99.7
99. 8
100. 3
102. 7
1 12. 2
111.8
97.5
99.8
101.
8
99. 0
100. 2
101. 7
101.1
103. 5
101. 2
106. 1
101. 2
li)3. 6
101. 0
108. 0
r 99. 8
99.9
103.1
93. 6
91.3
103. 1
93. /
91.3
r
Qtt 1
100.2
101.4
r 92. 0
r
99.0
101. 3
1°6 7
95. 3
101.2
102. 3
PURCHASING POWER OF THE DOLLAR
A? measured by —
Wholesale prices
Oonsmnpr nriws _ -
-
1957-59 = 100- — - do
;
93. S
2
SURVEY OF CURRENT BUSINESS
March 1064
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
| 1963
Monthly
average
S-9
1964
1963
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE f
4,920
5,231
4,188
3,808
4,148
4,609
5,172
5, 795
5, 867
6,050
5,989
6,097
5,758
' 5, 294
'4,600
4,272
3,456
3,650
2,984
2,753
2,938
3,324
3,685
3,966
4, 054
4,090
4,073
4,111
4,038
* 3, 780 ' 3, 290
3,086
2,014
1, 553
2,143
1,672
0)
1,658
1,328
1,484
1,161
2,265
1,634
0)
2,485
1,825
0)
0)
2,431
1,943
0)
2,395
1,932
0)
2.395
1,936
0)
2,348
1,909
0)
r
0)
1,986
1.458
0)
2,475
1,919
0)
1,646
1,281
0)
1,643
1, 303
0)
947
238
419
198
108
364
988
260
426
183
105
388
906
244
391
152
99
298
875
239
375
147
97
277
861
232
371
152
98
312
848
229
361
145
96
374
885
230
380
158
101
409
932
239
395
165
107
412
1,018
253
443
203
115
413
1,079
268
474
220
119
428
1,117
283
490
232
113
417
1,118
293
483
220
109
461
1 125
302
484
211
104
437
do
1,463
1,582
1,204
1,055
1,210
1,285
1,487
1,829
1,813
1,960
1,916
1,986
1,720
do
do
do
__ _ do
426
106
513
418
461
558
432
396
99
347
362
362
91
270
332
416
87
335
372
445
89
340
411
457
119
471
440
518
150
699
462
482
172
673
486
495
0)
784
509
510
(0
742
501
525
0)
821
489
468
0)
676
433
NTew construction (seasonally adjusted at annual 2
rates), total t
mil. $_„ 59, 036 2 62,775
New construction (unadjusted), totalf
mil.$__
Private, total 9
do
Residential (nonfarm) 9 _
do
New housing units
do
Additions and alterations
do__
Nonresidential buildings, except farm and
public utilities total 9
mil $
Industrial
do
Commercial 9
do
Stores, restaurants, and garages
do
Farm construction
do
Public utilities
-do
Public total
_
Nonresidential buildings
Militarv facilities
TTighways
Other types
_
_
(0
C1)
2, 143 ' 1, 804
' I , 734 r 1,451
0)
0)
r
1,096
306
463
191
100
'419
1,041
304
427
162
96
'329
1, 020
300
418
158
94
308
1,514
' 1,310
1, 186
'458
0)
544
386
'441
C1)
361
392
421
0)
0)
0)
60,371
59,154
60,114
59,555
60,458
62,335
62,733
64,194
64,228
65, 888
66,106 r 65, 522 * 65, 878
65, 977
41, 478
43, 796
41,726
41,376
41,526
42,436
43,143
43,184
43,931
44,571
44,827
45, 608
45,750 ' 45. 867r 45, 788
46, 030
24, 174
Residential (nonfarm)
do
Nonresidential buildings, except farm and
public utilities, total 9
mil. $_. 11, 362
2 857
Industrial
_ __
do
5, 023
Commercial 9
do
2,
375
Stores, restaurants, and garagesdo
1, 294
Farm construction
do
4,371
Public utilities
do
25, 711
24, 636
24, 273
24, 353
24, 984
25, 646
25, 801
25, 888
25, 832
25, 919
26, 532
26, 927 * 26, 615 r26,687
26, 782
11, 860
3,118
5,110
2, 196
1, 258
4, 657
11,144
2,794
4, 943
2, 104
1,278
4,380
11,111
2.771
4, 902
2, 078
1,274
4,434
11, 192
2, 774
4,963
2, 138
1,269
4,438
11,181
2,810
4,890
2, 136
1, 265
4, 737
11, 135
2,852
4, 775
2,033
1, 261
4, 805
11, 103
2,976
4, 589
1, 810
1,258
4, 686
11,717
3, 136
4, 953
2, 125
1, 254
4,718
12. 384
3,310
5, 346
2,388
1, 250
4,741
12, 738
3, 395
5, 561
2, 524
1,248
4, 580
12, 670
3,461
5,412
2,392
1,243
4,849
12, 752
3, 538
5,367
2,255
1, 242
4, 555
12, 883 12.760
3, 577
3, 469
5,412
5, 400
2, 250
2, 252
1,241 r 1,241
' 4, 852 4, 848
12. 865
3, 472
5, 448
2, 221
1.237
4, 854
do
17, 558
18, 979
18,645
17,778
18,588
17,119
17,315
19,151
18,802
19,623
19,401
20, 280
20, 356
19, 655 ' 20, 090
19,947
do
do
do
5.115
1,269
6, 156
5, 532
6,702
0)
5,234
1, 337
6,963
5,230
1, 405
6,170
5,394
1, 255
Q, 960
5,311
1, 176
5,602
5. 358
1,369
5, 611
5,660
1,682
6, 813
5,306
1,909
6,331
5, 436
(0
6,965
5, 643
0)
6, 550
5,831
(0
7,442
5,802
0)
7,706
3, 824
133
1,229
2,594
2,779
121
932
1,847
2, 917
130
1,092
1,825
3, 583
118
1, 182
2, 401
3, 983
125
1,168
2,814
4, 851
144
1, 567
3,283
4 40?
135
1,384
3,019
4,125
126
1,319
2,805
4, 061
132
1,318
2,744
3,707
128
1, 154
2,552
4,313
146
1,321
2,992
1, 212
1, 716
683
212
1,016
1,250
433
82
1,005
1, 215
571
127
1, 146
1, 642
629
167
1,210
1, 986
635
152
1,452
2, 061
952
385
1,458
1, 966
812
167
1,271
1,934
742
178
1, 322
1,883
675
182
1, 154
1,789
662
102
1, 766
2,770
2,675
2,075
3,250
2,037
2,328
2,072
2,416
2,976
9,483
477
6, 217
2,789
10, 053
482
6,411
3,160
11,019
1,023
7, 815
2,181
6. 351
122
4 923
1, 306
8,131
1,042
4,872
2,217
10, 216
521
6, 415
3,279
12, 343
742
7, 657
3,944
9, 793
357
5,649
3,788
13, 661
973
7, 592
5, 097
124.4
83.0
121.9
134.8
83.9
132. 2
83.3
47 .4
80.6
87.6
52.4
86.5
128.1
80.6
124.4
160.3
105.7
158. 2
169.5
107.1
166.4
157.3
100.4
153.4
122. 4
87.7
119.9
132. 5
82.2
61.5
79.5
86.1
65.0
85.0
126.3
88.9
122. 6
157.5
111.2
155. 4
166.3
116.3
163.2
1,344
1 317
1,380
1,353
1, 575
1,549
1,618
1, 590
Private total 9
do
Public total 9
Nonresidential buildings
Militarv facilities
TTJjrhwavs
_ -
r
r
6, 051
0)
6,761
' 5, 841
0)
7, 150
3, 749
144
1, 157
2,592
3,413
148
1, 155
2, 257
3, 346
147
1. 198
2 7 149
1,331
2,028
748
206
1,082
1, 519
704
444
1, 102
1, 158
1,372
1,325
629 j816
356
2,666
3,600
4,484
2, 650
9, 399
184
5, 613
3,603
8,142
'254
4,968
2,920
13. 033
189
8,139
4,706
8, 164
199
5,115
2,850
10, 389
176
8, 177
2, 037
152. 3
98. 2
150. 2
147.9
95.8
144.4
147.3
92.9
145.3
166. 1
102. 7
163.1
'121.2
r
71.9
'119.4
155. 5
109. 2
151.6
150. 7
105. 2
148.6
145.5
100.4
142.0
144.1
103.7
142.1
162.8
116.5
159.8
r
1, 618
1,590
1, 571
1,554
1, 588
1,573
1, 455
1,434
1,732
1,697
1, 847
1,807
6, 115
C1)
C1)
CONSTRUCTION CONTRACTS
Construction contracts in 48 States (F. W. Dodtre
Cor p.): A
3, 442
Valuation, total _
mil $
3
120
Index (mo. data seas, adj.)
1 957-59=1 00. _
1,133
Public ownership
mil $
Private ownership
do
2,309
By type of building:
1.084
Nonresidential __ do
1 503
Residential
do
659
Public works
_
do
196
Utilities
do
Heavy construction :
New advance planning (ENR)§
Concrete pavement awardsrd"
Total
_ _ _ _ _ _
Airports
Roads
Streets pnd allevs
do
thous s q y d s
_
do
do
_ __ _
do
3, 986
6, 577
4
10,891
256
8, 464
2. 095
4
6, 820
221
5, 159
1,201
HOUSING STARTS
New housing units started:
Unadjusted:
Total, incl. farm (public and private)
One-family structures.
Privately owned
thous__
do
do
Total nonfarm (public and private)
In metropolitan areas
_
Privately owned
do
do
do
Seasonally adjusted at annual rates:
Total, including farm (private only)
Total nonfarm (private only)
do
do
129.9
r
l!8.8 '94.5
' 83. 9 75.6
117.0
r 1, 564
r
' 96. 8 101.3
51 5
100. 2
'95.1
1, 533
100.0
99.2
100. 0
74.5
98.9
97.5
' 1, 564 1, 729
' 1, 518 1, 699
1, 643
1, 601
111
r 92. 8
90. 7
CONSTRUCTION COST INDEXES
Department of Commerce composite^
1957-59=100..
American Appraisal Co., The:
Average, 30 cities
Atlanta
_
New York
San Francisco
St. Louis
1913=100
do
do _
do
do
107
109
108
108
108
108
109
109
110
110
110
110
110
111
111
756
832
836
720 1
741
780
857
858
761
760
770
851
849
741
756
771
851
849
744
756
771
852
849
745
756
772
852
849
745
754
775
852
849
746
754
778
852
851
762
754
782
856
851
770
754
786
862
867
774
762
788
862
869
775
762
790
863
872
778
765
791
863
872
778
774
792
863
874
778
776
792
863
884
778
779
Associated General Contractors (building only)
111
112
1957-59 =10Q__
114
113
113
r
2 £ ata for t otal and coinRevised.
1 Not yet available;
estimate include d in tota 1.
3
4
ponents are totals for the year.
Computed from ci jrnulativ e valuati on total.
Inc udes
yardage reported as "miscellaneous."
f Re vised series. Revisions back to 1959 are shown in Constr action E eport C 30-53
(Supplement); data back to Jan. 1950 will be avail ible in a later Su ppleinen t (Bu. o f the
Census).
o Tnplndps data not. shown spnarat-.plt?
113
114
114
115
115
115
116
116
116
117
117
A Monthly averages for 1962 are basec on annu al totals includingI revisioi s not dis tributed
by mo nths.
§]3 ata for Jan., Ma y, Aug., and Oct . 1963 an 1 Jan. 1964, are fo r 5 week s; other months,
4 week s. Com parable (lata prior to 1961 not aval able.
d* Data for Jan., Apr., July, Oct., amI Dec. 1963 are foi* 5 weeks ; other nlonths, 4 weeks.
tliDevised t D 1957-59 referenc 2 base; a. so reflect s revisio n of basi(3 data.
SURVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962 | 1963
Monthly
average
March 1964
1963
Jan,
Feb.
Mar.
Apr.
May
June
1964
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
111.2
112.3
111.2
109.6
111.3
112.4
111.2
109.7
111.4
112.5
111.4
109.8
111.5
112.6
111.5
109.9
111.9
113. 0
111.9
110.2
114.6
120.5
114.3
120.2
114.4
120.4
1
Feb.
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION
COST INDEXES— Con.
E. H. Boeckh and Associates, Inc. :1
Average, 20 cities:
All type s combined
1957-59 = 100. _
Apartments hotels office buildings
do
Commercial' and factory bull dings
do
Residences
- do_ _.
Engineering News-Record:
Building
1957-59=100_.
Construction
do__ _
Bu. of Public Roads— Highway construction:
O/vm-nneHo (ct-uo fnr ntr "N
1957 59 — 100
107.8
108.8
107.8
106.3
110.2
111.3
110.2
108.5
108.8
109.9
108.8
107.1
108.9
110.0
108.9
107.1
108.9
110.0
108.9
107.2
109.1
110.2
109.1
107.4
109.7
110.9
109.7
108.0
110.3
111.4
110. 3
108.5
110.7
111.8
110.7
108.8
110.8
112.0
110.8
109.1
110.1
114.7
112.7
118.5
110.9
116.1
111.0
116.2
111.2
116.4
111.2
116.4
111.6
117.7
112.0
118.3
113.1
119. 6
114.2 ' 114. 2
120.3 120. 2
298.6
2 101. 0
99.6
99.6
r
114.6
120. 5
im.rt
i 120. 8
14.4
193
9. 4
135
103.4
101.7
CONSTRUCTION MATERIALS
Output index:
Composite, unadjusted?-
.1947-49=100..
Iron °nd °tcel products unadjusted
Lumber and wood products, unadj
do
do
134.5
116.8
124.9
113.8
128.3
133.4
138.2
150.1
147.7
162.6
151.7
151.5
141.6
151.1
156.9
161.7
147.0
152. 4
146.2
' 161.2
' 142. 7
131. 6
134.6
167.6 ~"l76.T
98.3
129. 3
109. 4
99.2
130.1
88.2
129.1
140.9
128.8
158. 5
144.7
175.4
172. 2
153.8
206.4
162.0
133. 7
209.3
162. 1
128. 6
220.1
165. 8
149. 2
224.0
147.2
147.4
207.5
154. 9
160.7
219.1
133. 7
140.4
r
126. 0
137. 6
181.7 ~143~5~
REAL ESTATE
Mortgage applications for new home construction:
Applications for FIT A commitments
thous. units. _
Reouest^for V \. appraisals
Seasonally adjusted annual rate
18.4
15.8
14.3
11.6
13.2
203
10.6
161
14.6
197
10.7
150
18.8
197
13.3
152
24.9
251
12.2
119
16.1
160
15.7
152
17.5
195
11.8
123
17.1
182
11.9
122
16.4
172
13.3
133
14.8
173
11.3
140
15.0
176
11.2
140
11.4
190
8.3
145
10.3
183
9.1
159
11.5
178
9. 1
138
464. 09
253. 76
503. 65
254. 04
399. 82
202. 02
416. 19
219. 06
392. 31
244. 64
415. 17
259. 56
419.35
225. 60
511, 16
265.14
507. 76
278. 14
505.00
267. 35
567. 53
316. 01
444. 50
258. 21
486. 68
255. 35
543.00
267.91
3 4, 784
2, 802
2, 611
2, 514
2.635
2,740
3,270
3,548
3,758
4,024
4,226
4,290
4,784
4.41-i
1,730
2, 061
1, 573
1 , 503
1,834
2, 058
2,199
2,242
2,341
2, 428
2, 196
2,387
1,856
r 2, 118
1,740
498
710
521
586
827
648
434
616
523
429
576
49S
573
666
595
622
760
676
651
854
694
638
936
668
619
1,003
719
623
1, 071
734
642
928
626
685
977
725
502
'620
597
r 776
r 722
447
705
2,849
7,204
3, 077
2, 658
8,027
2,424
7,300
2, 751
8,178
3,065
8,758
3,233
8, 814
3, 177
8,059
3,515
8,347
3,525
8, 463
3.177
7,898
3.534
2,880
2. 987
mil. $__ 105. 42
117. 13
142. 00
126. 53
137. 38
141.22
121.20
106. 68
100. 93
113. 73
98. 35
109. 52
94.91
113.12
do
do
Home mortgages insured or guaranteed byFed. Hous. Adm.: Face amount
mil. $._ 439. 24
221.01
Vet Adm * Faceamount§
do
Federal Home Loan Banks, outstanding advances 3
3, 479
to member institutions
mil $
New mortgage loans of all savings and loan associations, estimated total
roil.
$_.
By purpose of loan:
Home construction
- - do__ _
Home purchase
- -do _ _
All other purposes
do
New nonfarm mortgages recorded ($20,000 and
vr
.^ I ' t ^
"
Fire losses (on bldgs., contents, etc.)—
niTrnVvor
o&S
139.33 i
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, seas, adj.:
Combined index
.„
1957-59=100..
Business papers
do
Magazines
do
Newspapers
Outdoor
Radio (network)
Television (network)
Television advertising:
Network:
Gross time costs, total
Automotive, incl. accessories
Drugs and toiletries
Foods, soft drinks, confectionery
Soaps, cleansers, etc
_
Smokine materials
All other
Spot (national and regional):
Gross time costs, total
Automotive, incl. accessories
Drugs and toiletries
Foods, soft drinks, confectionery
Soaps, cleansers, etc
Smoking materials
All other
Magazine advertising:
Cost, total
Apparel and accessories
Automotive, incl. accessories
Building materials
Drugs and toiletries
Foods, soft drinks, confectionery
do
___do
do
__.do
111
108
119
102
88
75
118
115
111
127
112
114
117
114
115
122
117
113
125
116
109
1°4
115
113
130
117
115
133
116
110
1^8
191
116
13°
116
114
128
111
114
132
101
97
97
103
105
101
64
125
66
125
76
125
87
128
S3
1°8
105
88
89
1^3
104
81
103
197
110
79
93
130
102
101
88
122
97
83
mil. $_. 2 199. 7
do
213.1
2
__do
63.3
do
239.5
87
84
194
203.9
14.9
70.4
39.1
207.2
13.9
67.8
38.3
200.8
13.3
67.9
39.1
220.9
2 92 2
240.8
21.3
23.3
35.0
29 o
23 o
42 3
22 6
24 2
33 8
do
2 180. 3
do ... 2 5 . 9
2
do
36 1
do
260.4
219.8
7.5
48 7
76.9
223.1
9.1
185.3
7.6
72.4
60.2
do
221.1
do .. 2 7 . 4
do
249.4
23.3
8.8
54.7
25.7
11 9
65.6
22. 4
8 6
51.5
do
do _ _ do
do -.
do
...do
do ..
do
do
73 0
4.6
7.9
2.3
7.1
10.6
77 6
4.8
8.5
2.2
8.0
10.4
50 7
1.5
5.8
1.2
4.7
8.8
09 -i
9.1
6.1
3.0
8.0
8.9
108
j...
66 6
3.0
9.0
1.5
5.9
10.3
85 1
5.3
10.9
3.1
8.6
11.4
90 6
6.9
10.4
3.7
8.4
10.7
4.5
4. 7
1.6
3.2
4.9
2.7
5.5
3.5
2 4
37
3 7
21
.8
1.0
.7
.7
2.8
3.0
2.1
2.5
23.8
25.8
19.6
24.6
T
Revised.
i Index as of Mar. 1,1964: Building, 115. 0; construction, 121.1.
2
Annual average based on quarterly data.
s End of year.
^Copyrighted data; see last paragraph of headnote, p. S-l.
4.4
5.0
35
1.0
2.7
29.2
2 g
4 3
51
5 2
4 2
4 2
5 5
6
7.5
5.7
4.2
8.7
2'. 8
5.8
8,4
7.7
4.4
2. 7 .
30
4 4
4 0
4 6
3 n
5. 5
2. 8
1.8 _
1.5
1.0
1.5
.7
.7
1.4
1.0
1.4
.4
.7 _ _ _ _
2.7
3.4
3.1
2.8
2.7
3.0
3.3
3.9
3.8
2.4 !i _
30.1
24.0
28.7
19.0
28.4
17.9
29.6
33.2
24.8
19.7
9 Includes data for items not shown separately.
§ Data include guaranteed direct loans sold; these became sizable after 1962.
Beer, wine, liquors
.do .
Household equip., supplies, furnishings.. do
Indus trial materials...
do
Soaps, cleansers, etc
do
Smoking materials
do
89 7
6.1
10.3
3.2
7.9
10.4
74 8
2.7
7.3
2.6
8.7
10.2
57 n
.9
4.7
1.5
7.1
9.0
eA
p
5.1
3.8
1.4
6.4
7.8
7.0
14.8
2.2
9.9
12.4
5.7
12.7
1.8
10.8
13.6
Q
39
5.9
15
9.9
11.0
2.0
7.0
.9 i
6.2
9.0
SUEVEY OF CUEEENT BUSINESS
March 1964
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1963
S-ll
1963
Monthly
average
Jan.
Feb.
Mar.
Apr.
May
June
1964
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
260.6
53.8
206.7
8 7
5.3
24.0
168.8
210 6
59 8
150 8
10 6
6 8
18.2
115 2
Feb.
DOMESTIC TRADE—Continued
ADVERTISING— Continued
Newspaper advertising linage (52 cities) :
Total
- - mil.lines.Classified
do
Display total
- _ - _do_ __
\utomotive
do
Financial .
do
General
do
Retail
.
do
233.2
60.5
172. 7
12.4
4.8
25.1
130.3
238.0
62.5
175. 6
12.5
4.9
23.8
134.3
197. 7
55.1
142.6
9.6
6.6
17.8
108.6
190.3
53.2
137.1
10.3
4.2
19.5
103.2
238.7
63.4
175.3
11.9
4.7
25.4
133.3
241.1
63.7
177.4
15.3
4.9
25.6
131.6
268. 7
69.7
199.0
16.3
4.3
29.3
149.1
243.1
67.5
175.6
14 1
4.9
25.5
131.0
212.5
63.6
148.9
11 6
5.5
19.2
112.6
231 1
66.8
164 3
11 2
3 7
18.7
130 7
246.7
65.0
181.7
12 7
4.7
26.2
138. 1
267.7
65.9
201 8
16 0
55
28.9
151 4
258 4
61.8
196 6
13 0
4 7
25.8
153 1
RETAIL TRADE
A 11 retail stores:
Estimated sales (unadj.), total- ._
mil. $__ 19, 613
20, 526
18, 261
17, 087
19. 653
20, 518
21, 228
20, 737
20, 540
21,018
19, 267
21,528
Durable goods stores 9
do
Automotive group
_
do
Passenger car, other auto, dealers _ _ _ d o
Tire battery, accessory dealers
do
6,245
3,566
3,344
222
6,671
3, 828
3,598
230
5,695
3,487
3,309
178
5,432
3,309
3,148
161
6, 383
3,926
3,732
194
6.982
4,262
4, 033
229
7,239
4,301
4,060
241
7,044
4, 126
3,865
261
6 976
4,003
3,746
257
6 556
3 5°9
3,288
241
5 999
2 990
2,779
211
7 599
4.387
4, 148
239
6 985
3 949
3,712
°37
Furniture and appliance group
do
Furniture, homefurnishings stores
do
Household appliance, TV, radio
do
Lumber, building, hardware group
do
Lumber, bldg. materials dealerscf -- do
Hardware stores
do
901
583
318
947
728
219
967
622
345
664
743
220
830
517
313
695
520
175
781
502
279
649
493
156
838
543
295
795
604
191
854
574
280
977
748
229
934
612
322
1,068
828
240
933
599
334
1,050
819
231
965
608
357
1,100
876
224
992
651
341
1,138
911
997
980
647
333
1,055
842
213
1,095
719
376
1,119
897
222
1 077 ' 1, 320
703
'783
374
'537
'914
1,002
771
'608
231
' 306
13, 367
Nondurable goods stores 9 -do__
1,195
Apparel group
do
228
Men's and boys' wear stores
do
456
Women's apparel, accessory stores- _do
'301
Family and other apparel stores
do_ __
209
Shoe stores
do
13, 855
1, 204
232
466
299
207
12, 566
986
204
377
'240
165
11,655
826
160
326
193
147
13, 270
1,081
186
428
262
205
13, 536
1,268
224
482
303
259
13, 989
1, 163
218
460
275
210
13, 693
1,127
239
421
265
202
13 564
1 010
200
390
241
179
14 46?
1 167
209
446
300
212
13 268
1 161
203
448
296
214
13 929
1, 191
218
472
304
197
_.do
do
do
_ _ _ _ do
_._do
669
1, 442
4,801
4,344
1,554
681
1, 505
4,926
4,461
1,613
649
1 334
4,738
4,303
1,540
641
1 254
4, 467
4,048
1, 395
667
1 4?1
4 976
4, 531
1, 543
652
1 463
4, 677
4, 223
1, 574
676
1 562
5 066
4.578
1,626
664
1 592
4 957
4' 483
1,659
660
1 646
5' 003
4' 502
1,712
680
1 698
5 318
4' 8°8
1, 730
647
1 526
4' 684
4 238
1,599
667
1 556
4 910
4 449
1,649
General merchandise group 9
do
Department stores
do
Mail order houses (dept. store mdse.) .do
Variety stores _ .
__ do
Llouor stores
do
2,267
'1,320
' 163
371
450
2,387
1, 390
177
385
471
r
1, 744
' 1 , 006
'126
259
409
1,627
'905
'126
274
386
Drug and proprietary stores.
Fating and drinking places
Food group
Grocery stores Gasoline service stations
Estimated sales (seas, adj.), total}
do
r
646
456
190
' 914
581
333
705
532
173
666
1 486
5 153
4 689
1,625
'900
1 526
5 168
4 655
1, 709
'683
r \ 441
' 5 004
' 4 537
' i, 563
2,299
2.278 ' 2. 266 ' 2, 108 r 2, 444 ' 2, 275 ' 2, 417 ' 2, 728 4,389 ' 1. 865
1, 323 ' 1, 325 '1,340 ' 1, 212 ' 1, 408 ' 1, 340 ' 1, 404 ' 1, 590 2, 625
1,081
'163
' 160
'141
'183
'148
'197
'248
' 307
140
384
361
357
341
378
414
390
354
' 791
285
429
458
489
466
450
474
437
510
' 722
440
20, 350
20, 276
20, 200
20, 486
20, 719
20, 666
20, 426
20,716
20, 558 '20,908 '20,980
6,624
3, 820
3, 598
292
6, 576
3,764
3,544
220
6,646
3,824
3,602
222
6, 512
3,740
3, 515
225
6, 630
3, 843
3, 607
236
6,773
3,940
3,709
231
6,562
3,733
3,512
291
6, 606
3,717
3, 495
222
6.941
3,980
3,748
232
6,734
3, 791
3,556
235
938
599
339
946
721
225
953
616
337
939
718
221
940
607
333
942
722
220
945
617
328
957
736
221
938
598
340
940
738
202
935
611
324
962
750
212
979
613
366
958
746
212
939
611
398
99?
771
291
985
648
337
975
761
214
1 0°8
666
362
986
764
222
986
640
346
994
754
240
13 750 13 774
1 209 1,207
233
234
462
460
293
300
219
215
13 630
1,166
233
443
287
203
13 688
1 156
221
447
285
203
13 856
1 179
222
471
287
199
13 946
1 214
239
475
298
202
14 104
1 259
247
480
393
209
13 820
1 204
238
465
303
198
13 775
1 150
217
451
286
196
678
1 507
4,853
4 399
1,618
677
1 518
4,864
4 400
1 594
678
1 504
4,890
4 414
1 581
674
1 511
4,923
4 456
1 584
674
1 497
5 030
4 5409
1 60
685
519
996
527
f'l'?
688
1 470
4 897
4 441
1 605
683
i 530
4 943
4 484
1 618
677
' 689
706
1 506 ' 1 521 1 586
4 973 r 4 966 ' 5 016
4 512 ' 4 500 ' 4 526
1 638
1 677
1 635
r 2 390 r 9 303
' 1 386 r 1 321
r 2 355 ' 2 468 ' 2 470
' 1 355' 1 457 ' 1 446
r 184
r 183
181
381
' 396
404
473
' 481
479
do
do
do
do
do
670
1,480
4,924
4,463
1,627
683
1 496
4 894
4 433
1 611
r
2 332
2 308
2 409
1,343 ' 1 349r 1,417
r 169
' 158
' 173
373
378
376
456
458
457
r
1
4
4
1
2 301
2 322 r 2 409 r 2 415 r 2 475
1, 330 ' 1,
414' 1,
403 r i 452
353 ' 1
r
r
T
r 189
' 171
174
163
185
377
380
389
385
387
471
469
475
481
476
r 181
r 173
386
466
390
478
i 871
1685
1 418
4 838
4' 392
1,461
1.843
1,044
121,174
' 1 010 1 028
'631
667
' 379
%1
' 947
940
' 713
725
' 234
215
13 824 '14 127 '14 148 114.
1 186 ' 1 243' 1 257
224
' 238
229
463
' 479
' 501
294
' 304
306
205
' 222
2°1
27, 826
11, 722
5,146
1,858
2,231
26, 997
11,570
4,998
1,822
2,266
27, 735
11, 943
5, 335
1,815
2,314
28, 573
12, 148
5,388
1,859
2,397
28, 637
12, 080
5,318
1,870
2,415
28, 439
11, 986
5,249
1,846
2,404
28, 041
11, 896
5,147
1,852
2,362
27, 957
11,837
5,129
1,840
2,322
27, 575
11, 105
4 281
1,888
2,313
27, 894
10 880
4 098
1,' 904
2,299
29, 134
11 400
4 488
1,968
2,273
29, 989 '27,826
11 910 '11 722
4 846 ' 5 146
1,999 ' 1, 858
2,283 ' 2, 231
27, 870
11 989
5 410
1,821
2,254
do
do
do
do
15,599
3,405
3,395
4,495
16, 104
3,477
3, 546
4,629
15, 427
3,256
3,349
4,470
15, 792
3,404
3,407
4,705
16, 425
3,592
3 483
4,940
16, 557
3,576
3 571
4,994
16, 453
3,542
3 581
4,953
16, 145
3,396
3 656
4,771
16, 120
3,399
3 546
4,772
16, 470
3,629
3 486
4,959
17, 014
3 858
3 530
5,255
17, 734
4 006
3 660
5,628
18, 079 '16,104
4 044 ' 3 477
3 700 ' 3 546
5,753 ' 4, 629
15, 881
3 451
° K26
4,494
Book value (seas, adj.), total
do
Durable goods stores 9
do
Automotive group
do
Furniture and appliance group.
do
Lumber, building, hardware group- -do
27, 938
11, 728
4,861
1,899
2,349
28, 691
11, 965
5,224
1,894
2,314
28, 002
11, 676
4,857
1,896
2,341
28, 025
11, 735
4,940
1,879
2,342
28, 066
11, 724
4,948
1,872
2,336
28, 061
11, 622
4,897
1,855
2,324
28, 062
11, 584
4,869
1,842
2,327
28, 124
11 614
4,869
1,859
2,318
28, 259
11 673
4,922
1,862
2,299
28, 148
11 604
4,810
1,892
2,318
28, 147
11 605
4,890
1 874
2,322
28, 357
11 664
4,959
1 896
2,301
28, 651
11 856
5,101
1 904
2, 320
16, 210 16, 726 16, 326 16, 290 16, 342
Nondurable goods stores9 --do
3,569
Apparel group
do
3,641
3,543
3,542
3,563
3,405
Food group
do
3,560
3,442
3,445
3,466
4,897
General merchandise group
do
5,037
4,945
4,971
4,960
'Revised.
i Advance estimate.
9 Includes data not shown separately.
cf Comprises lumber yards, building materials dealers, and paint, plumbing, and electrical stores.
JReyised (back to Jan. 1953) to reflect use of new seasonal factors and new adjustments
for trading day differences. Revisions for periods not shown here appear in the July 1963
16, 439
3,555
3,550
4,979
16, 478
3,578
3,560
4,985
16, 510
3,560
3,663
4,943
16, 586
3,616
3, 604
4,923
16, 544
3,600
3,546
4,931
16, 542
3,619
3,541
4,976
16, 693
3,655
3,571
5,045
1 5 871
i ? 5°9
' 6, 781 ' 6, 832 i 6, 983
' 3, 906 3,919
' 3, 657
3,677
' 249
242
Estimated inventories, end of year or month:f
Book value (unadjusted), total.
mil.$._ 27, 071
11,472
Durable goods stores 9
do
4,778
Automotive group
do
1,861
Furniture and appliance group
do
2,264
Lumber, building, hardware group. _. do
Nondurable goods stores 9
Apparel group
Food group
General merchandise group
118,469
14 509 '17 824 r!3 1?7 1 12 5Q8
1 308 TV 160 ' 1 031 i 885
254
470
206
509
'829
410
343
'566
237
202
' 295
178
20,374
13 763
1,222
231
461
'319
211
General merchandise group 9
do
Department stores __ _
do
Mail order houses (dept store mdse ) do
Variety stores
do
Liquor stores
do
010
6,624
3, 854
3, 624
230
Furniture and appliance group
do
Furniture homefurnishings stores
do
Household appliance, TV, radio
do
Lumber building, hardware group71 _ do
Lumber bldg materials dealersd
do
Hardware stores
do
Drug and proprietary stores _
Eating and drinking places
Food group _
._
Grocer v stores
_ _ __ _
Gasoline service stations
2. 075
1, 205
' 153
320
427
' 7 157 r 6
' 3. 663 '2
' 3, 352 3
'311
20, 387
Durable goods stores 9 __
_do
Automotive group
do
Passenger car, other auto, dealers
do
Tire battery, accessory dealers
_ do _
Nondurable goods stores 9
do
Apparel group
do
Men's and boys' wear stores __ __ do _
Women's apparel accessory stores
do
Family and other apparel stores
do
Shoe stores
do
r
21, 494 '24,981 '19,137
1Q1
_
'28,691 28, 870
'11 96 5 12 080
' 5, 224
5,252
' 1 894 1 889
' 2, 314
2,336
16, 795 '16,726 16, 790
3,686 '3,641
3,751
3,578 ' 3. 560 3,631
5,108 ' 5, 037 4,958
Census report, "Monthly Retail Trade Report, Adjusted Sales, Supplement."
fRevised series. Revised to take account of the latest (1962) Annual Survey of Retail
Trade benchmark data, and to reflect new seasonal factors beginning 1956. Data for earlier
periods appear on pp. 16-19 of the Dec. 1963 SURVEY.
SURVEY OF CURRENT BUSINESS
S-12
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1963
March 1964
1963
Monthly
average
Jan.
Feb.
Mar.
Apr.
May
June
1964
July
Aug.
Sept.
Oct.
Xov.
Dec.
Jan.
Feb.
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Firms with 4 or more stores:
Estimated sales (unadjusted), total
mil. $._ 5,472
Firms with 11 or more stores :
Estimated sales (unadj ), total 9
_ __ do
4,631
5,813
4,901
4,592
5,469
5,574
5,776
5,685
5,518
6,094
5,546
5,947
6,411
' 8, 239
5,374
4,857
4,075
3,826
4,571
4,651
4,850
4,767
4,601
5,106
4,611
4,916
5,364
6,943
4,464
do
do
do
-do
307
29
124
90
316
30
134
88
228
24
93
66
202
18
82
64
283
25
116
87
353
29
141
113
315
29
135
90
307
30
130
87
263
25
115
71
310
25
138
84
309
25
128
93
310
30
131
83
347
34
152
83
567
60
246
133
247
26
97
73
do
do
do
137
100
40
144
104
42
129
91
30
128
89
32
135
102
39
134
102
38
138
107
43
141
108
41
138
111
38
142
115
44
135
107
41
138
109
51
143
105
52
226
107
51
140
102
32
General merchandise group 9 -do
Dept stores excl mail order sales
do
Variety stores
-do
Grocery stores
do
Lumber yards, bldg. materials dealersd"-.do
Tire, battery, accessory dealers
do
1,464
'901
284
1,920
62
90
1,585
985
295
1,974
63
91
'1, 108
'690
191
1,897
45
69
1,035
'621
204
1,790
42
62
1,329
'835
241
2,067
52
77
1,504
'929
294
1,862
63
92
1,491
'935
276
2,063
72
97
'1,516
'965
276
1,950
73
103
'1,415
'879
263
1,915
75
102
'1,641
'1.015
301
2,136
76
94
'1,526 '1,615
'961 '1,000
292
272
1,965
1 , 825
75
71
93
83
'1,843
'1,137
321
2,140
64
94
'2,995
'1.850
611
2, 081
50
132
1,248
776
216
2,086
46
75
Apparel group 9
Men's and boys' wear stores
TVomen's apparel accessory stores
Shoe stores
Drug and proprietary stores
Eating and drinking places
Furniture, homefurnishings stores
clo
4,751
4,737
4,778
4, 705
4,730
4,848
4,914
4, 983
4,871
4,809
4,922
- do
do
do
do
'313
29
133
'88
311
29
126
94
311
29
131
92
309
29
126
89
309
29
131
85
311
28
136
83
324
33
141
82
341
33
147
90
316
31
132
87
298
29
125
84
310
27
135
83
'326
'29
' 137
' 92
336
31
139
94
do
do
do
140
99
38
143
102
40
140
104
40
139
103
40
143
104
41
144
104
42
145
105
40
150
107
44
147
105
42
146
107
46
144
105
44
147
'106
42
152
111
41
General merchandise croup 9
-- . - d o
T)ppt stores excl mail order sales
do
Variety s tores
do
Grocery stores
do
Lumberyards, bldg. materials dealerscf-.do
Tire battery accessory dealers
do
'1,498
'927
288
1,965
63
92
1. 513
' 927
288
1. 952
61
88
1,569
'97°
294
1,940
63
89
1, 503
'922
287
1, 946
63
90
1, 512
'939
285
1,955
64
88
'1.593
'990
297
1, 964
65
93
' 1, 604 ' 1. 646 ' 1, 605 '1,523
'932
'995 ' 1. 035 '1,000
997
295
298
294
1,992
1,993
2,007
1,970
64
64
63
63
92
91
89
88
' 1, 600 '1.674
'993 '1,050
'305
296
2, 015 '2.017
63
61
92
'99
1,680
1. 039
318
2.041
63
99
14,299 115.484
6, 241
6, 626
8, 058
8. 858
7.441
7, S26
6,858
13,17!
5, 89°
7 582
6, 842
6, 632
12, 700
5, 685
7.015
6, 586
6,114
12,912
5,799
7,113
6, 658
6, 254
13,352
5 , 965
7,387
7, 032
6,320
13,634
6,160
7,474
7 20'>
6.432
13, 799
6,339
7,460
7,147
6, 652
13, 781
6. 457
7 324
7. 157
6, 624
48
17
49
17
49
17
48
16
48
17
47
16
49
16
48
16
49
17
50
17
48
17
50
18
50
17
4S
18
49
17
43
40
17
43
39
18
43
38
19
42
40
18
42
41
17
43
40
17
43
39
18
43
39
18
43
39
18
44
39
17
42
40
18
41
41
18
43
39
18
45
38
17
43
37
20
114
P119
86
'114
85
114
101
119
112
115
112
117
114
120
100
120
114
126
121
121
116
113
141
117
229
126
117
"123
107
120
112
119
120
120
123
120
122
121
116
121
117
123
122
122
131
124
143
128
147
128
116
127
189. 89
190. 14
190. 39
190. 61
Estimated sales (seas adj ) total 9 1
Apparel group 9
Mien's and boys' wear stores
Women's apparel
accessory stores
Shoe store0
Drug and proprietary stores
Eating and drinking places
Furniture homefurnishings stores
Ail retail stores, accounts receivable, end of rno.:
Total
mil $
Durable goods stores
do
Charge accounts
Installment accounts
do
__ __ do
Department stores:
Ratio of collections to accounts receivable:
Charge accounts
percent
Installment accounts
do
Sales by type of payment:
Cash sales
percent of total sales.Charge account sales
do
Installment sales
do
Sales, total United States:
Unadjusted
_
1957-59=100.Seasonallv adjusted
do
Stocks, total U.S., end of month:
Unadjusted
- do
y ,
' 5. 043 5,071
14,016 ' 13, 990 ' 14, 269 ' 14, 361'15.484 14. 765
6. 559 ' 6. 532 ' 6, 559 ' 6, 456 ' 6. 626 6.319
7, 457
8. 44H
7, 458
7, 081
7 905 ' 8, 858
7, 264 ' 7.178 ' 7, 381 ' 7, 381 ' 7, 826 7.491
6,752
6.812
6, 888
6,980 ' 7, 658 7, 2/ 4
' P 93
' P 123
p 114
p 127 . _ " -
EMPLOYMENT AND POPULATION
POPULATION
Population, U.S. (incl. Alaska and Hawaii):
Total, incl. armed forces overseas©
mil_. 2 186.66
EMPLOYMENT
Noninstitutional population, est. number 14 years
of age and over, total, unadj.
mil
2
189. 38
188. 15
188. 35
188. 54
188. 73
188. 94
189. 16
189. 38
189. 62
190. 81
191. 01
130. 08
132. 12
131.25
131.41
131.59
131.74
131 .86
132. 04
132. 20
132. 34
132. 50
132. 68
132. 85
133 02
133. 20
133 3'J
74, 681
71,854
67, 846
5,190
62 657
75, 712
72, 975
68, 809
4,946
63 863
73, 323
70, 607
65, 935
4,206
61, 730
73, 999
71, 275
66, 358
4,049
62,309
74, 382
71, 650
67, 148
4, 337
62, 812
74, 897 75, 864
72, 1 61 73, 127
68, 097 69,061
4,673
5,178
63. 424 63 883
77, 901
75, 165
70, 319
5, 954
64 365
77, 917
75, 173
70, 851
5,969
64 889
77, 167
74, 418
70, 561
5,496
65 065
75,811
73, 062
69, 546
5, 326
64, 220
76, 086
73, 344
69, 891
5. 350
64, 541
76, 000
73. 261
69, 325
4, 777
64 548
75, 201
72, 461
68. 615
4. 039
64, 576
74. 514
71, 793
67, 228
3, 993
63 234
75,259
72, 5 9 /
68, 002
3, 931
64 071
4, 007
Unemployed (all civilian workers) __ do
Long-term (15 weeks and over)
do _ . _ 1,119
5 6
Percent of civilian labor force
Not in labor force
-thous - 55, 400
4.166
1,088
5 7
56. 412
4,672
1,153
6.6
57, 930
4,918
1,303
6. 9
57, 414
4,501
1, 386
6.3
57, 208
4,063
1,424
5.6
56, 843
4,066
1.292
5 6
56,001
4,846
1,016
6 4
54, 135
4,322
933
5 7
54, 279
3,857
949
5 2
55, 178
3,516
886
4.8
56, 686
3, 453
919
4.7
56, 596
3,936
864
5 4
56, 852
3,846
928
5 3
57, 824
4, 565
1,106
6 4
58, 685
4, 524
1,163
69
58, 099
72, 400
68 254
5,164
63, 090
4 146
1,152
72, 429
68 122
4,895
63, 227
4 307
1,128
72, 460
68, 364
4,886
63, 478
4,096
1,097
72, 902
68, 767
4,997
63, 770
4,135
1,067
73, 022
68, 720
5,030
63, 690
4,302
1,113
72, 891
68, 767
4,924
63. 843
4,124
1,080
73, 207
69 101
5,009
64, 092
4.106
1,042
72, 988
68 941
4,872
64, 069
4,047
1,083
73, 091
69 044
4.877
64, 167
4,047
1,078
73, 168
69 067
4,939
64,128
4, 101
1, 114
73, 572
69 222
4 903
64, 319
4 350
1,060
73, 224
69 205
4 890
64, 315
4 019
1,022
73
69
4
64
4
1
667
567
936
631
100
105
73, 835
69 839
4 797
65, 035
4 003
1 007
5.7
5.6
5.9
5.9
5.7
5.5
5.7
5.4
5.9
5.5
5.7
5.6
5.6
5.4
5.5
5.4
5.5
5.4
5.6
5.5
59
5.7
5 5
5.3
5 6
5.3
5 4
5.2
Total labor force, incl. armed forces
Civilian labor force, total
Employed, total
Agricultural employment
Nonagricultural employment
thotis_do
do
do
do
Civilian labor force, seasonally adjj
do
Employed total
do
A erjnultural employment
do
Nonagricultural employment
do
Unemployed (all civilian workers)
do
Long-term (15 weeks and over)
do
Rates (percent of civilian labor force) :
All civilian workers
Experienced wage and salary workers
5.5
5.5
l
2
' Revised.
p Preliminary.
End of year.
As of July 1.
9 Includes data
not shown separately.
cr" Comprises lumber yards, building materials dealers, and paint, plumbing, and electrical stores.
fSee note marked "|" on p. S-ll.
©Revisions for May 1960-Nov. 1962 are available upon request.
t Re vised monthly data (back to Apr. 1948) appear in the "Monthly Report on the
Labor Force," Jan. 1964, U.S. Dept. of Labor, Wash., D.C. 20210.
SURVEY OF CURRENT BUSINESS
March 1964
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1963
Monthly
average
S-13
1964
1963
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.p
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Employees on payrolls (nonagricultural estab.):f
Total unadjnstedf _ _
_
thous.. 55, 841
57, 174
55, 409
55, 374
55, 714
56, 505
56, 967
57,609
57, 422
57, 651
58, 211
58, 426
58, 220 '58,585 '56,866
do _
do
do _
16, 859
9,493
7,367
17, 035
9, 659
7,376
16, 687
9,481
7,206
16, 683
9,474
7,209
16, 756
9,508
7,248
16, 845
9,593
7,252
16,960
9,673
7,287
17,111
9,738
7,373
17, 050
9.666
7, 384
17, 199
9,609
7,590
17, 398
9,801
7,597
17, 367
9.811
7,556
17. 229 -17,139 '16,938 16, 982
9,789 r 9, 765 ' 9, 666 9, 675
7,440 ' 7, 374 ' 7, 272 7,307
do
do__
do
do
652
83
152
299
634
82
139
293
622
78
148
289
618
80
147
288
616
79
142
288
632
82
143
290
643
83
142
295
650
84
139
300
641
84
126
302
646
85
135
298
641
84
134
295
637
84
136
290
634
84
136
292
Contract construction
_do__
Transportation and public utilities?
do
Railroad transportation _
_do
Local and interurban passenger transit.-do
2,909
3,903
797
271
3, 029
3,913
774
273
2,584
3, 775
755
277
2,470
3,844
757
277
2,556
3,847
761
276
2,846
3,859
769
273
3,049
3,897
780
274
3,232
3, 954
789
269
3,364
3,975
790
258
3,437
3,976
791
258
3,378
3,982
' 780
276
3,333
3,968
776
278
3,176
3,944
770
279
880
200
688
611
898
210
688
612
854
208
682
606
857
207
681
605
859
208
683
605
868
208
684
603
877
209
686
607
912
211
692
619
920
212
701
626
921
212
699
626
934
212
693
618
936
212
691
611
925
213
685
611
11,582
3, 061
8,521
2,798
7, 949
9,188
11, 865
3, 143
8, 722
2.866
8, 297
9, 535
11,535
3,073
8,462
2,806
7, 956
9,444
11, 433
3,065
8,368
2,813
7,997
9,516
11, 497
3,069
8,428
2,825
8.076
9,541
11, 740
3,075
8,665
2,842
8,199
9,542
11, 720
3,085
8,635
2,858
8,294
9,546
11, 848
3.132
8,716
2,885
8,423
9,506
11, 832
3,168
8,664
2,916
8, 474
9,170
11, 878
3,196
8,682
2,919
8,457
9,139
11, 942
3,199
8,743
2,887
8,436
9,547
12,014
3,208
8,806
2,884
8,472
9, 751
12, 166 "•12,774 '11,893
3, 208 ' 3, 238 3,199
8, 958 ' 9, 536 8,694
2,878
2,880
2,877
8,406 f 8, 379
8,310
9,787 ' 9, 926 9,748
Total seasonally ad justed f
_ _
do_- _ 155, 841 157,174
16. 859 17, 035
Manufacturing establishments
do
9,493
9,659
Durable goods industries
do _
271
277
Ordnance and accessories
_ _
_do
589
586
"Lumber and wood products
do
385
390
Furniture and
fixtures
_ _do__ 594
608
Stone clav and glass products
do-1, 164
1,166
Primary metal Industries
do
56,333
16,871
9,542
280
593
389
595
1,124
56, 458
16, 872
9,546
279
590
386
590
1,133
56, 706
16, 948
9,586
278
597
388
597
1,145
56, 873
17, 037
9,660
274
588
387
607
1,174
57, 060
17, 095
9,683
276
592
388
612
1, 184
57, 194
17, 075
9,685
278
559
390
612
1,202
57, 340
17. 103
9,701
277
564
392
615
1,208
57, 344
17, 033
9,652
275
578
393
616
1,176
57, 453
17,076
9,705
275
588
392
610
1,164
57, 646
17, 119
9,718
277
589
391
611
1,155
57, 580 '57,748 ' 57, 802 58, 082
17, 061 '17,127 '17,121 17, 176
9,688 ' 9, 737 ' 9, 726 9,749
'276
'275
273
275
'598
'594
595
593
394
'394
392
398
612
'610
614
612
1,155 ' 1, 166 ' 1, 170
1,179
Manufacturiner establishments
Durable goods industries
Nondurable goods industries
Mining, total 9
Metal mining
Coal mining
_
Crude petroleum and natural gas_
Motor freight trans and storage
Air transportation
Telephone communication
Electric gas and sanitary services
Wholesale and retail trade
Wholesale trade
- Retail trade
Finance insurance, and real estate
Services and miscellaneous
Government
do
do
do
do
do
do__
do
do._
_do
do
'631
'83
137
'295
'617
82
135
294
56, 949
612
' 2, 925 '2,606
2,659
' 3, 931 ' 3, 877 3,871
773
758
'282
282
913
214
685
610
883
214
686
609
11,775
3,189
8,586
2,884
8,344
9,822
Fabricated metal products. __
do
Machinery
do__
Electrical equipment and supplies. ..do
1,128
1,490
1,579
1. 153
1,520
1, 582
1,125
1,503
1,593
1,131
1,499
1,589
1,136
1,501
1,589
1,148
1,504
1,595
1,151
1,506
1,597
1,156
1,508
1,593
1,159
1, 512
1,587
1,162
1, 525
1,574
1,165
1,531
1,574
1,164
1,545
1,571
1,162
1,548
1,557
Transportation equipment
Instruments and related products
Miscellaneous manufacturing ind
1,542
360
391
1, 614
372
393
1,586
365
389
1,595
366
388
1,597
368
390
1,623
370
390
1,614
370
393
1.623
375
389
1,618
375
394
1,580
375
398
1,635
373
398
1,647
373
395
1,619
373
398
1,629
'375
397
' 1, 626
'374
'399
7, 367
1, 760
91
903
1,267
614
925
846
195
406
360
7,376
1.738
89
890
1,298
621
928
866
188
409
350
7,329
1,752
89
891
1,268
617
910
853
187
411
351
7,326
1,747
89
890
1,273
617
907
856
188
408
351
7,362
1,757
89
892
1,286
619
910
859
188
411
351
7,377
1,738
90
891
1,296
618
929
862
188
416
349
7,412
1,743
89
889
1,317
620
934
864
188
417
351
7,390
1, 732
88
889
1,306
620
936
868
187
414
350
7,402
1,730
87
891
1,317
623
935
870
188
408
353
7,381
1,728
91
887
1,302
623
937
870
189
404
350
7,371
1,723
86
886
1,306
622
935
869
190
402
352
7,401
1,742
89
890
1,312
620
934
871
189
402
352
7, 373
1,733
95
889
1,291
622
931
870
189
406
347
7,390
1,741
91
888
1,295
'624
'939
'871
'188
'405
'348
' 7, 395 7,427
' 1, 744 1,739
'88
89
'891
896
' 1, 298 1, 308
625
629
'941
943
871
879
'186
186
407
411
'344
347
652
631
631
631
634
Mining
do
2,909
2,967
2,928
2,920
3, 029
Contract construction
- _
_ do
3. 903
3,821
3.894
3,899
3,913
Transportation and public utilities
do
11. 582 11,865 11, 685 11, 729 11, 795
Wholesale and retail trade
do _
2,834
2,798
2,839
2,848
2.866
Finance, insurance, and real estate.do
7,949
8,110
8,144
8,207
8.297
Services and miscellaneous
do
9,414
9,424
9,188
9,455
9. 535
Government _
__do
Production, workers -on mfg. payrolls, unadjusted:!
Total, unadjusted f _
thous_. 12,494 12, 585 12, 286 12,276 12, 344
12, 453 12, 455 12, 521
S'^asorially adjusted
do
6,896
7, 059
6, 946
6,884
6,919
Durable goods industries, unadjusted. _do
6, 950
6, 994
6,956
Seasonally adjusted
do
121
1J9
120
120
120
Ordnance and accessories
do
501
524
526
500
496
Lumber and wood products
do
319
324
320
317
318
Furniture and
fixtures
do
452
490
479
447
458
Stone, clay, and glass products
_do _ _ .
900
942
936
929
914
Primary metal industries
_
do _
390
424
421
404
418
Blastfurnaces, steel and rolling mills.-do
857
884
864
854
855
Fabricated metal products . _
do _
1,043
1, 053
I , 036
1,051
1,046
Machinery
do
1,069
1, 057
1, 060
1,058
1,050
Electrical equipment and supplies
do
1, 113
1,112
1,061
1, 104
1, 105
Transportation equipment 9 - . -do
576
572
534
564
567
Motor vehicles and equipment
do
359
356
351
355
353
Aircraft and parts
.. _ .. --do
232
237
232
230
233
Instruments and related products
do
289
316
315
295
300
Miscellaneous mfg. industries
do
5, 390
5, 526
5, 392
5, 425
5,548
Nondurable goods industries, unadj
do
5, 503
5, 499
5,527
Seasonally adjusted
do
1,094
1, 155
1,072
1,081
Food and kindred products.
do__ _ 1,176
77
79
74
69
Tobacco manufactures
do
790
812
797
794
790
Textile mill nroducts
do
1, 151
1,109
1,125
1,157
1,141
Apparel and related products
do
483
488
486
482
480
Paper and allied products
do
594
590
578
579
576
Printing, publishing, and allied Ind.-do
517
524
514
522
516
Chemicals and allied products
do
125
120
117
117
117
Petroleum refining and related ind.__do
101
94
95
96
96
Petroleum refining __ .
do
314
315
314
319
313
Rubber and misc. plastic products do
309
319
310
313
310
Leather and leather products
do
••Revised.
v Preliminary.
1 Total and components are based on unadjusted data,
t Beginning with the Sept. 1963 SURVEY, data for employment, hours, earnings, and
labor turnover reflect adjustments to Mar. 1962 benchmarks. The revision affects series
back to Mar. 1959 and, for seasonally adjusted data, all series beginning Jan. 1952, with only
639
3,005
3,890
11, 784
2, 853
8,199
9, 466
640
3,019
3,909
11, 825
2,864
8,228
9,480
639
3,046
3,919
11, 864
2, 865
8,282
9,504
640
3,069
3,936
11, 884
2,870
8,349
9,489
635
3,083
3,941
11,907
2,873
8,373
9,499
632
3,071
3,950
11, 922
2,873
8,377
9,552
629
3,066
3,937
11, 935
2,887
8,430
9,643
630
3,057
3,928
11,941
2,887
8,423
9,653
'630
'626
' 3, 069 ' 2, 992
' 3, 915 ' 3, 924
'11,963 '12,047
2, 892
2,906
' 8, 447 ' 8, 471
' 9, 705 ' 9, 715
625
3,143
3,926
12,079
2,910
8, 497
9,726
12, 426
12, 604
7,010
7, 070
118
511
318
482
953
437
868
1, 056
1,048
1,118
575
353
234
305
5, 416
5,534
1,080
67
795
1,135
483
588
532
119
96
315
300
12, 526
12, 647
7,083
7,081
118
533
317
497
970
450
880
1, 052
1,049
1,121
580
350
235
312
5,443
5,566
1,098
65
796
1,142
484
590
530
121
95
317
301
12, 652
12, 628
7,138
7,086
118
523
322
508
984
458
894
1, 055
1, 057
1,121
581
352
239
316
5,514
5,542
1,146
64
802
1,140
492
592
527
122
96
319
310
12. 571
12, 650
7,056
7,103
118
528
321
512
970
453
879
1,041
1,040
1,099
565
350
237
312
5,515
5. 547
1,188
63
792
1,133
487
589
525
122
96
307
309
12, 705
12, 575
6,995
7,051
118
547
331
516
946
429
889
1.044
1,048
984
450
351
240
332
5,710
5,524
1,272
88
803
1,183
495
592
528
123
96
310
316
12, 923
12, 611
7,193
7,097
119
551
333
510
942
420
909
1,055
1, 067
1,125
584
356
240
341
5,730
5,514
1,285
95
803
1,180
495
597
527
121
95
315
311
12, 895
12, 649
7,204
7,110
120
543
334
504
929
410
913
1,056
1,074
1,149
599
361
240
342
5,691
5, 539
1,248
94
804
1,180
493
599
526
120
94
317
309
12, 756 '12,665 '12,482
12, 590 '12,653 '12,650
7,180 ' 7, 155 ' 7, 070
7, 081
7,129 ' 7, 127
119
119
118
534
'500
'522
332
'324
'329
501
'465
'486
928
941
'948
408
'414
420
907
904
891
1,059 '1,077
1,083
1,065 ' 1, 062 ' 1, 054
1,157
1, 163 '1,154
608
606
612
363
366
'366
241
240
236
337
'313
'296
5, 576 ' 5, 510 ' 5, 412
5, 509 ' 5, 524 ' 5, 523
1,169 ' 1, 128 ' 1, 083
r 77
87
83
802
795
'788
1,161
1, 150 ' 1, 135
492
'484
491
598
'594
602
522
520
522
118
'114
116
94
93
93
318
'315
313
309
'303
'308
12,522
12, 703
7,079
7,153
117
498
327
466
960
do
do
do
Nondurable goods industries
do Food and kindred products _ _ _do
Tobacco manufactures
do
Textile mill products
do
Apparel and related products
do
Paper and allied products
do
Printing, publishing, and allied ind.. do
Chemicals and allied products
do
Petroleum refining and related ind. _ .do
Rubber and misc. plastic products do
Leather and leather products. _
__do _ .
' 1, 169
1, 555
1, 566
T
' 1, 163
1,173
1,558
1,545
' 1, 563 1,564
1, 636
375
401
891
1,079
1,050
1, 151
601
364
236
304
5, 443
5, 550
1, 060
74
795
1, 170
484
596
527
115
93
314
307
minor revision.5 prior to that tim e. Revi sions no1 shown iire
avail able in tlie 1963 e dition of
BUSIN ESS STAT ISTICS an d in BLS Bulletir1 1312-1, 'Employrment an d Ear niligs Stati sties 1'or
the Uinited Sta tes, 1909 -62, "6 54 pp., $3.50, GPO, Wash., ]D.C., 204 02.
9 [ncludes data for industr ies not s hown se parately
SUEVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962 | 1963
Monthly
average
March 19C4
1963
Jan.
Feb.
Mar.
Apr.
May
June
1964
July
Aug.
Nov.
Dec.
Feb.*3
Sept.
Oct.
2,337
244
2,312
239
r2,314
'240
2,313
240
i 2, 452
i 243
2.293
239
714
*>693
^79. 5
P680
P73.9
p 64 5
p 74.4
119. 2
'91.4
101.8
' 117.7
88.4
119 4
MO. 8
MO 5
'39.8
MO 1
Jan.
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Miscellaneous employment data:
Federal civilian employees (executive branch) :
United States
thousWash. D.C., metropolitan area
do
2,311
230
Eailroad employees (class I railroads) :
Total
do
Index, seasonally adjusted
1957-59=100--
279.5
2 77.1
74.0
715
75.6
76.5
705
74.9
76.9
77.3
77.5
78.2
•P 704
"78.3
P700
^78.6
^694
p 79.4
116.4
113.7
90.5
127.0
118.0
90.6
99.9
112.8
86.5
92.4
112.6
86.2
100.2
114.1
85.0
115.5
114.4
89.2
128.3
117.4
92.1
138. 9
119.9
95.9
146.8
118.1
90.2
152.2
118 2
93 1
149.5
122 6
94.0
149.7
122 6
92 8
131.5
121.5
90.5
40.4
40.4
2.8
2.8
40.1
40.4
40.0
40.3
40.2
40. 5
39.9
40. 1
40.5
40.5
40.8
40.5
40.5
40 4
40.5
40 3
40.7
40 7
40.7
40 6
40.5
40.5
720
2,328
239
698
2,297
233
681
2,302
234
682
2,304
235
685
2,315
235
694
2,311
235
2,335
243
2,344
246
714
INDEXES OF WEEKLY PAYROLLS!
Construction (construction workers) t-1957-59= 100..
Manufacturing (production workers) f
do.. Mining (production workers)!
do__
7
' 122. 4
HOURS AND EARNINGS!
Average weekly gross hours per production worker
on payrolls of nonagric. estab., unadjusted:!
All manufacturing estab., unadj.!
hours. .
Seasonally adjusted
do
Average overtime
do
Durable goods industries
do
Seasonally adjusted
do
Average overtime
do
40.9
41.1
2.8
2.9
Ordnance and accessories
do
Lumber and wood products
do
Furniture and
fixtures
do.
Stone, clay, and glass products. __
-do
Primary metal industries
do
Blast furnaces, s tee^ and rolling mills do
41.1
39.8
40.7
40.9
40.2
39.0
41.1
40.1
40.9
41.3
41.0
40.0
Fabricated metal products
Machinery
Electrical equipment and supplies
do
do
do
41.1
41.7
40.6
Transportation equipment 9
Motor vehicles and equipment
Aircraft and parts
Instruments and related products
Miscellaneous mfg. ind us tries
do
do.
do
do
do
2.5
40.7
40.9
2.5
2.6
2.4
2.8
3.0
41.4
41 2
3 2
41.2
41.1
3.2
41.2
40.9
40.9
42.1
42.2
41.9
40 6
40.6
40.8
41.9
41 1
40 5
41 0
40 6
41 6
41.9
40 6
39 4
41.3
40.8
41.6
41.8
40 7
39.3
41 2
40.8
41 6
42.1
40 4
38.7
41.5
41.8
40.3
41.7
42.1
40.6
41.2
41 7
40 2
41.5
41 6
40 3
41.9
41 9
40.7
41.2
41.4
41.0
40.3
39.0
42.2
43.1
41.2
40.7
39.5
42.3
43.2
41.4
40.9
39.7
42.0
42 8
41 4
40.7
39.2
40.8
40 3
41 5
40.7
39.8
38.9
39.3
39.6
39 7
39.8
39.6
41.2
40.3
41.0
36.3
43.0
39 8
39 5
2 8
41.4
38 8
40 4
36.3
49 9
38.4
41.7
41.9
41.4
40.5
36.6
38.3
41.7
42.3
41.6
40.7
37.9
41.9
41.3
39.4
41.9
42.7
41.7
41.0
42.3
37.3
36.2
41.2
36.5
38.0
36.6
41.9
37.1
38.4
36.6
42.9
37.5
41.9
41.2
39.6
40.9
38.4
40 4
37.5
42.0
41.2
39.5
41.0
38.5
40.4
37.7
42.7
41.6
39.7
41.0
38.5
40 6
37.6
38.4
38.2
38.4
38.6
38.4
39.4
97.44
105. 82
119.65
77.03
97.20
106. 23
119. 65
77.22
98.09
106. 49
118. 20
77.81
41.4
39.3
40. 1
39.9
40.4
39.3
41.4
39.4
40.2
39.9
40.6
39.5
40.9
39.3
40.2
40.6
40.7
39.8
41.4
41.8
40.4
40.9
41.6
40.3
40.7
41.6
40.2
42.0
42.7
41.8
40.9
39.7
42.0
42.8
41.5
40.8
39.6
42.0
42.5
42.0
40. 6
39.2
do
do
do
do
do
do
do
do
39.6
39.6
2. 7
40.9
38.6
40.6
36.2
42.5
39.2
39.6
40.9
38.6
40.6
36.1
42.7
do
do
do
do
do
do
38.3
41.5
41.6
41.2
41.0
37.6
41.2
41.1
41.6
41.3
40.8
39.7
41.3
41.5
40.6
39.0
Ml. 5
40.0
Ml. 9
MO. 6
Ml. 3
'39.5
MO. 4
'38.5
r
39.4
'39.8
' 41.1
39.8
40 3
39 6
40 8
40. 96
41
41.8
41 8
40 6
41.5
41.8
40.4
Ml. 9
M2. 5
MO. 8
MO. 9
' 41 7
'39.9
41.1
49 2
40 2
41.9
42 1
41 7
41.1
39.9
42.7
43 9
41 6
41.1
40.1
42.8
44 3
41 4
41.0
39.8
M3.0
M4.
7
r
41 5
41.0
••39.8
Ml.
6
M9 5
' 41 0
MO.O
'38.4
41.5
49 2
41 0
40.7
39.8
40 0
39 6
2 8
41.4
40 2
40 7
36.8
43 1
39.9
39 7
30
41.6
39 7
40 6
36.3
43 •>
39 9
39 8
9 9
41.2
39 7
41 3
36.3
43 ?
39.6
39 5
39.9
39 6
39 4
41.0
38.9
41 3
35.8
42 8
41.1
r
39. 4
r
41.3
35.9
M3 0
'38.7
' T39 1
2 5
MO. 2
'37 3
MO 0
'33.8
42 2
34 5
40 9
36.6
49 4
38 2
4L6
42.4
41 6
40.5
38.0
38.5
41.4
41.6
40 6
41.0
38.3
38.6
41.5
42.2
41 7
41.4
37.5
38.4
41.4
41.7
41 0
41.1
37.8
38.2
41.4
41.5
41.5
41.0
37.2
'38.9
Ml. 7
Ml. 4
41 5
41.7
'38.9
'38.0
Ml. 2
MO. 9
Ml 0
MO. 5
'37.5
38.1
41.3
41.2
41 1
40.3
38. 5
41 2
40 8
42
41
39
42
49
41
39
49
3
3
0
5
41 3
41 2
37 8
41 6
r 42 1
42 4
49
41
389
4
'39.7
M2. 3
41 2
42 2
39 5
42.0
38 5
37.0
43 2
37 4
38 8
37.2
43 5
37 5
38 3
36.6
42 9
37 2
38 9
37.3
43 6
37 7
36 4
35.1
40 0
'35 3
'34.3
r
36. 7
'35 5
34 o
32.7
36 4
34 i
43.0
42.2
40.0
41.3
38.9
40 7
38.1
42.6
41.7
40.3
41.2
39.2
40 8
38.5
42.5
42.3
40.1
41.3
39.2
40 7
38.5
42.1
42.0
40.5
41.4
38.6
40 6
37.7
42.0
42.3
40.4
41.4
38.4
40 7
37.5
41.8
41.3
40.8
41.4
38.3
40 5
37.3
Ml. 9
Ml. 9
'39.6
41.5
'38.8
40 9
38.0
41.9
40.7
39.4
41.3
38.2
40 3
37.2 j
38.6
39.5
38. 5
39.6
40.3
39.1
40.6
39.0
39.2
39.1
39.1
39.0
38.8
38.8
'38.6
'38.9
38.8
97.36
106. 37
115.14
78.41
99.23
108. 36
117.67
80.60
100. 37
109. 82
118. 24
82.62
99.23
108 09
117. 74
82.42
98. 42
107 01
119.31
84.45
100. 53
109 45
121.01
86.50
100. 53
109 71
121.13
85. 68
r
100. 85 102. 41 ' 99. 990
110 00 111 90 '109 1
120. 36 '123.26 '119.99
82. 97 ' 83. 20 ' 79. 70
101.15
110 99
119. 29
81.97
41.6
41.9
41.7
40.8
39.5
41.7
42.2
41.3
40.8
39.6
39.4
39 8
40.4
38.5
39.8
35.5
42.3
39.2
39.7
2. 5
40.1
36.3
40.0
36.2
42.2
2.6
2.4
40.4
37.3
40. 3
36.6
42.5
40.0
34.7
39.8
35.6
41.9
40.8
38. 7
40.6
36.4
42.5
38.3
41.5
41.7
41.4
40.8
37. 5
38.0
41.3
41.6
41.8
40.8
37.7
38.1
41.2
40.5
40.7
40.6
37.4
38.4
41.4
40.7
40.9
40.7
36.9
38.1
42.0
42.2
42.2
40.1
35.5
41.0
41.5
"36.6
42.0
41.6
41.2
«38.8
42.1
40.9
40.9
39.1
41.7
40.9
41.1
39.0
41.7
40.5
41.1
36.7
41.8
41.3
40.8
38.1
41.9
37.0
35.6
40.5
36.3
37.3
3(1 0
41.3
36. 5
35.4
34.4
38.1
35.1
34.7
33.7
36.9
34.5
36.2
35.2
39.1
35.8
Transportation and public utilities:
Local and suburban transportation
do
Motor freight transporation and storage-do
Telephone communication
do
Electric, gas, and sanitary services ...do
Wholesale and retail trade
_do
Wholesale trade
do
Retail trade §
do
42.6
41.5
39.9
41.0
38.7
40.6
37.9
42.2
41.6
40.0
41.2
3S. 6
40.6
37.8
41.7
40.7
39.5
41.1
38.4
40.4
37.6
41.8
41.0
39.8
41.1
38.4
40 3
37.5
Services and miscellaneous:
Hotels, tourist courts, and motels
do
Laundries, cleaning and dyeing plants. do
39.1
38.9
39.0
39.0
38.4
38.4
96.56
104. 70
116.31
79.20
99. 38
108. 09
119. 60
81.80
do do
do
do
Average weekly gross earnings per production
worker on payrolls of nonagric. estab.:!
All manufacturing establishments!
dollars. .
Durable goods industries
do
Ordnance and accessories
do
Lumber and wood products
do
40.3
40 6
2 7
41 0
41 3
2 8
MO. 6
MO 8
' 2.8
40.6
41.4
39.7
Contract construction
General building contractors
Heavy construction _ _
Special trade contractors
2.7
3.3
40.8
41.7
40.1
2.4
3.1
41.6
41.5
41.0
39.9
40.2
41.9
41.6
41.3
do
do - do
do
3.0
41.3
41 3
2.5
40. 4
39.6
39.8
41.1
41.5
41.8
Nonmanufacturing establishments:!
Mining 9
Metal mining
Coalmining.
. _
Crude petroleum and natural g^s
3.0
41 0
41 0
3 0
40.6
40.7
40.7
41.0
3.2
Printing, publishing, and allied ind
Chemicals and allied products
Petroleum refining and related ind
Petroleum refining
Rubber and misc. plastic products
Leather and leather products
3.1
2.9
40.8
41.0
2 7
2.7
2.9
41. 1
41 2
2.6
2.6
2.9
Nondurable goods industries, unadj
Seasonally adjusted
Average overtime
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel arid related products
Paper and allied products
2.9
2.6
2.8
o
0
0
6
l
6
2
1
3.2
2.8
49 9
2.8
on n
9 5
40.1
Furniture and fixtures
Stone, clay, and ^lass products
Primary metal industries
_._do
do
...do
79.37
98.57
119. 80
81.39
102. 42
124. 64
79.00
97.36
120. 80
79.19
97.36
122. 21
79.19
99 47
122. 91
78.01
101 11
127. 82
79.60
103 07
127. 30
81.39
104 41
129. 55
81.19
104 33
125. 77
83.20
104 33
123. 02
84.03
104 50
123. 73
84.03
105 67
122. 41
83.43 ' 85. 06 r 79. 59
103 75 ' 101 50 r 99 50
123. 42 '126.38 '126.18
82.82
1 nn RQ
126. 48
Fabricated metal products
Machinery
Electrical equipment and supplies
104. 81
___do
do . . 113.01
97.44
do
108. 05
116. 20
99.38
105. 52
114.40
97.93
105. 01
114.82
98.09
105. 67
115.51
97.84
104. 75
113.85
96.87
108. 32
115 79
98.74
108. 84
117 04
99.88
107. 53
115 51
98.89
108. 32
115 23
98.74
110. 20
117 39
100.53
109. 93
117 04
100. 28
109. 56 '111.04 '108.39
117 88 r]_9Q 7Q '118 43
100. 60 '102.41 r 99. 75
108. 92
122. 22
99.80
78.21
126. 42
101. 59
80.39
124. 74
99.88
79.58
123. 14
101. 18
80.19
123. 85
101. 18
80.39
121.54
99.14
79.17
125. 76
100. 94
79.40
126. 90
101. 84
80.19
125. 58
100. 94
79.18
121. 58
101. 34
79.60
127.80
102. 75
80.60
131. 52
102. 75
81.40
132. 68 '133.30 '128.13
102. 91 102. 91 ' 100. 40
81.59 r 82. 39 ' 79. 87
Transportation equipment
__
Instruments and related products
Miscellaneous mfg. industries
r
Revised.
1
do
do
do
? Preliminary.
« Average for 11 months.
Includes Post Office employees hired for the Christmas season; there were about 144,000
such employees in the United States in Dec. 1963.
2 Based on unadjusted data.
!See corresponding note, bottom p. S-13.
separately.
§Except eating and drinking places.
1 9fl
97
101.30
127 .41
101.75
82.78
9 Includes data for industries not shown
SURVEY OF CURRENT BUSINESS
March 1964
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1963
Monthly
average
S-15
1963
Jan.
Feb.
Mar.
Apr.
May
June
1964
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.?
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Average weekly gross earnings per production
worker on payrolls of nonagric. estab.f— Con.
All manufacturing estab.f— Continued
Nondurable goods industries.
dollars-.
Food and kindred products
__do _
Tobacco manufactures
-.do
Textile mill products
do
Apparel and related products
do. --
89.10 90.17 ' 87. 85
95.94
96.59 ' 95. 68
73.13 r 74. 86 ' 73. 11
85. 54
91.62
71.41
68.21
61.18
87.91
94.48
73.73
69.43
62.09
86.24
92.52
73.15
67.26
60.35
85.85
92.63
69.70
68.00
61.54
86.68
93.32
73.11
68.51
62.59
85.97
92.40
68.71
67.26
60.16
87.52
94.66
78.17
69.02
61.52
88.36
95.17
81.81
69.70
61.35
88.36
95.63
78.76
68.68
61.71
88.40
93.98
73.57
69.19
63.30
89.38
95.68
71.46
69.83
64.25
88.98
94.35
71.46
71.04
64.25
do
do
do
do
do
do
102. 00
107. 62
109. 98
126. 88
100. 04
64.67
105. 90
110.30
112.88
131.77
100. 78
66.00
103. 21
107. 16
111.10
130. 62
100. 37
65.60
102. 97
108. 20
110.83
126. 36
99.88
64.70
104. 13
110.21
111.37
128. 61
100. 12
64.58
102. 24
108. 97
113. 40
133. 77
98.25
62.13
104. 55
110. 21
112. 59
131. 57
99.23
64.42
106. 21
110. 69
113. 42
133. 25
100. 53
66.70
106. 82
110.02
113. 98
133. 98
100. 04
66.12
107. 32
111.27
113.02
130.21
100. 86
67.41
108.43
112. 71
114.13
134.20
102.67
67.13
108. 43
111.74
113.85
131. 77
101.93
67.66
107. 43
110. 78
113. 85
132.39
102. 91
66.59
dodo
do
do
110. 70
117. 45
113. 09
109. 20
114. 40
118. 66
121.06
111.99
111.66
116. 16
120. 43
110. 09
112. 48
117.14
121. 29
110. 51
110. 97
118.37
113.77
110. 77
112.75
117. 50
117.73
111.45
114.39
117.71
122. 14
110.62
117. 85
118. 85
128. 74
113. 36
1 12. 06
116. 69
108. 19
112. 36
115.08
118.08
118. 18
113.32
117.04
121.06
123.48
113. 67
116.75
120. 60
121.68
113.05
113. 99 r 116. 48
119. 89 '122.51
117. 94 r 125. 85
113.10 '113.79
115.36
122. 80
126. 01
112. 56
do
do
do
do
122. 47
112. 50
122 31
128. 50
127. 57
117.72
128. 03
133. 59
121.07
111.11
115. 82
128. 47
118. 33
108. 85
110. 70
125. 93
122. 72
113.34
117.30
130. 31
124. 58
115. 84
122. 36
131. 40
128. 06
117.85
126. 96
134. 67
129. 79
118. 58
132. 13
135. 75
130.90
120. 62
135. 22
136. 14
132. 70
122. 02
137. 03
137.25
132.90
121.88
136.85
137.64
134.98
124.58
138. 65
139. 49
125. 58 rr 124. 96
116. 53 115. 93
124. 00 '118.17
131.38 r 133. 48
122. 06
112. 16
118. 30
129. 24
Transportation and public utilities:
Local and suburban transportation
do
Motor freight transportation and storage-do
Telephone communication
do
Electric gas and sanitary services
do
100. 11
113. 30
98.95
116. 85
101. 70
117.31
102. 40
121.13
98.83
111.93
99.94
119. 19
100. 32
114. 39
101. 09
119. 60
99.72
114. 95
100. 58
119. 02
100. 38
115. 36
99.94
119.31
102. 48
117.31
101.24
119. 72
103. 63
118.58
102. 00
121. 42
103. 09
118. 85
102. 36
121. 13
103. 28
119.71
102.26
121. 42
102.30
120. 12
105.30
123. 37
102. 48
120. 13
105. 04
122. 96
102. 41 ' 102. 24
117.29 r 120. 67
106. 08 '103.36
123. 79 124. 92
103. 07
116. 81
102. 44
123. 90
75.08
96.22
65.95
77.59
99.47
68.04
76.03
97.36
66.93
76.03
97.93
66. 75
76.42
98. 58
66.75
76.62
98. 58
67.48
77.39
99.47
67.68
78.19
100. 12
68.96
78.79
99.55
69.30
78.79
99.72
69.30
78. 36
100.69
68.61
77.95
100. 94
68.25
77. 75
100. 85
68.26
71. 80
93.46
74.97
96.28
74.23
95.38
74.40
95.69
74.23
95.71
74.23
95.44
74.40
95.57
74.40
96.13
74.77
96.65
74.40
96.66
75.14
96.72
74.97
96.79
75.35
96.86
' 76. 13
97.67
76.91
46.14
50.57
47.58
51.87
46.85
50.69
47.23
50.04
46.85
50.95
46.08
52. 40
47.86
52.54
47.36
52.67
47.96
52.00
48.31
51.48
48.22
52.00
48.09
51.87
47 72
51.' 99
r
' 47. 86
52 13
47.72
Average hourly gross earnings per production
worker on payrolls of nonagric. estab.:f
All manufacturing establishments!
dollars-Excluding overtimed1
_
_
_ do
Durable goods industries 1
do
Excluding overtimed
do
2.39
2 31
2.56
2.48
2.46
2.37
2.63
2.54
2.43
2.35
2.60
2.52
2.43
2.35
2.61
2.52
2.44
2.36
2.61
2.53
2.44
2.37
2.62
2.54
2.45
2.37
2.63
2.54
2.46
2.37
2.64
2.54
2.45
2.37
2.63
2.54
2.43
2.35
2.61
2.52
2.47
2.38
2.65
2.55
2.47
2.38
2.65
2.55
2.49
2.40
2.67
2.57
2,51
'2.42
2.69
2.58
'2.51
2.43
2.69
2.60
2.51
2.42
2.69
2.60
Ordnance and accessoriesLumber and wood products
Furniture and fixtures __
__
Stone, clay, and glass products
Primary metal industries
_Blast furnaces steel and rolling mills
do
do
do
do
do
do
2.83
1.99
1.95
2.41
2.98
3.29
2.91
2.04
1.99
2.48
3.04
3.36
2.89
1.96
1.97
2.44
2.99
3.30
2.89
1.96
1.97
2.44
3.01
3.32
2.89
1.98
1.97
2.45
3.02
3.34
2.85
1.98
1.96
2.46
3.08
3.44
2.87
2.02
1.98
2.46
3.06
3.38
2.87
2.02
1.99
2.48
3.07
3.39
2.90
2.03
1.99
2.49
3.06
3.37
2.91
2.08
2.00
2.49
3.03
3.33
2.93
2.12
2.02
2.50
3.04
3.35
2.94
2.10
2.02
2.51
3.03
3.33
2.95
2.09
2.02
2.50
3.04
3.33
2.97
'2.08
2.03
'2.50
3.06
3.36
2.97
2.07
2.02
'2.50
'3.07
3.36
2.96
2.07
2.03
2. 48
3.07
Fabricated metal products
do
Electrical equipment and supplies
Transportation equipment 9 _ _ _Motor vehicles and equipment
Aircraft and parts _ _
Instruments and related products
Miscellaneous mfg. industries
do
do
do
do
do
do___
2.55
2.71
2.40
2.91
2.99
2.87
2.44
1.97
2.61
2.78
2.46
3.01
3.10
2.95
2.49
2.03
2.58
2.75
2.43
2.97
3.05
2.92
2.46
2.03
2.58
2.76
2.44
2.96
3.04
2.92
2.48
2.03
2.59
2.77
2.44
2.97
3.04
2.91
2.48
2.03
2.58
2.75
2.44
2.95
3.03
2.90
2.46
2.03
2.61
2.77
2.45
2.98
3.06
2.92
2.48
2.01
2.61
2.78
2.46
3.00
3.07
2.94
2.49
2.02
2.61
2.77
2.46
2.99
3.05
2.95
2.48
2.02
2.61
2.77
2.45
2.98
3.04
2.96
2.49
2.00
2.63
2.80
2.47
3.05
3.14
2 99
2'. 50
2.02
2.63
2.80
2.47
3.08
3.18
2.99
2.50
2.03
2.64
2.82
2.49
3.10
3.21
3.00
2.51
2.05
2.65
2.84
2.51
3.10
3.21
' 3. 01
2.51
2.07
2.65
2.84
' 2. 50
'3.08
'3.18
'3.00
2.51
2.08
2.65
2.85
2.52
3.07
3.16
3.00
2.50
2.08
__ -_- do_ _
do
do
do
do
do
do
2.16
2.09
2 24
1.85
1.68
1.69
2.40
2.22
2.15
2.31
1.91
1.71
1.72
2.48
2.20
2.13
2 29
1.90
1.69
1.70
2.44
2.19
2.13
2.31
1.92
1.70
1.70
2.44
2.20
2.13
2.31
1.96
1.70
1.71
2.45
2.21
2.14
2.31
1.98
1.69
1.69
2.44
2 21
2! 14
2.32
2.02
1.70
1.69
2.46
2.22
2.14
2.31
2.03
1.70
1.69
2.47
2.22
2.15
2.31
2.03
1.70
1.70
2.49
2 21
2. 13
2.27
1.83
1.70
1.72
2.49
2.24
2.16
2.30
1.80
1.72
1.77
2.51
2.23
2.16
2.29
1.80
1.72
1.77
2.51
2.25
2.17
2.34
1.88
1.75
1.76
2.51
2.26
' 2. 19
2.35
' 1.90
1.76
1.77
2.52
' 2. 27
'2.20
'2.38
' 1.96
'1.75
1.77
' 2. 52
2. 26
2.19
2.38
1.97
1.76
1.78
2.52
2.81
2.65
3.05
3.19
2.44
1.72
2.88
2 79
3.16
3.32
2.47
1.70
2.82
2.69
3.14
3.29
2.46
1.74
2.84
2.69
3. 12
3.26
2.46
1.73
2.87
2.69
3.16
3.30
2.46
1.75
2.86
2.70
3.17
3.34
2.45
1.75
2.87
2.70
3.14
3.31
2.45
1.76
2.89
2.72
3.15
3.33
2.47
1.76
2.88
2.74
3.16
3.34
2.47
1.74
2.89
2.73
3.13
3.31
2.46
1.76
2.92
2.75
3.18
3.35
2.48
1.79
2.91
2.75
3.16
3.33
2.48
1.79
2.90
2.75
3.19
3.36
2.51
1.79
2.93
2.76
3.21
3.37
2.52
1.79
2.92
'2.77
'3.20
'3.35
'2.50
'1.79
2.92
2.76
3.20
3.36
2.47
1.79
2.70
2.83
3. 09
2.60
3.31
3.16
3.02
3.54
2.75
2.88
«3.12
2.66
3.42
3.27
3.10
3.66
2.73
2.84
3.08
2.64
3.42
3.23
3.04
3.66
2.75
2.85
3.11
2.65
3.41
3.23
3.00
3.65
2.74
2.88
3.10
2.65
3.39
3.22
3.00
3.64
2.73
2.88
3.09
2.66
3.34
3.20
2.97
3.60
2.73
2.85
3.10
2.64
3.37
3.22
3.03
3.63
2.76
2.85
3.14
2.68
3.38
3.24
3.08
3.62
2.72
2.86
2.65
3.40
3.26
3.13
3.64
2.74
2.88
3.11
2.66
3.42
3.28
3.15
3.66
2.78
2.91
3.15
2.70
3.47
3.33
3.19
3.70
2.76
2.92
3.12
2.66
3.47
3.34
3.18
3.70
2.76
2.91
3.12
2.68
3.45
3.32
3.10
3.68
' 2.80
'2.91
' 3. 17
2.69
3.54
3.38
3.22
3.76
2.80
2.91
3. 19
2.68
3.59
3.43
3.25
3.79
2.35
2.73
2.48
2.85
2.41
2.82
2.56
2.94
2.37
2.75
2.53
2.90
2.40
2.79
2.54
2.91
2.38
2.79
2.54
2.91
2.39
2.80
2.53
2.91
2.40
2.82
2.55
2.92
2.41
2.81
2.55
2.94
2.42
2.85
2.54
2.94
2.43
2.83
2.55
2.94
2.43
2.86
2.60
2.98
2.44
2.84
2.60
2.97
2.45
2.84
2.60
2.99
'2.44
r 2. 88
2.61
3.01
2.46
2.87
2.60
3.00
1.94
1.99
2.01
1.98
1.98
\V~holesale and retail trade
do
2.44
2.41
2.37
2.43
2.45
\Vholesale trade
do
1.74
1.78
1.78
1.80
1.78
Retail trade §
.
-_ do
Services and miscellaneous:
1.22
1.22
1.23
1 22
1.18
Hotels, tourist courts, and motels
do
1.32
1.32
1.31
1.30
1.33
Laundries, cleaning and dyeing plants. _ do
a
' Revised.
*> Preliminary
Average for 11 raonths. §Excep t eating and drinlsing
$Iricludes d ata for i ndustries not
places.
tSee corresponding note, bottom p. S-13
1.99
2.44
1.79
2.01
2.45
1.80
2.01
2.46
1.81
2.01
2.44
1.80
2.01
2.45
1.80
2.03
2.48
1.82
2.03
2.48
1.82
2.03
2.49
1.83
2,00
2.48
1.80
2.05
2.50
1.84
1.20
1.33
1.24
1.33
1.23
1.33
1.19
1.33
1.19
1.32
1.23
1.33
1.23
1.33
1.23
1.34
' 1.24
1.34
1.23
Paperand allied products
Printing, publishing, and allied ind
Chemicals and allied products
Petroleum refining and related ind
Rubber and misc. plastic products
Leather and leather products
Nonmanufacturing establishments:!
Minmg9
Metal mining
Coal mining
Crude petroleum and natural gas
Contract construction
General building contractors
Heavy construction
Special trade contractors
Wholesale and retail trade
Wholesale trade
Retail trade§
do
do
- do
Finance, insurance, and real estate:
Banking
do
Insurance carriers _do
Services and miscellaneous:
Hotels tourist courts and motels
do
Laundries, cleaning and dyeing plan ts._ do
Nondurable goods industries
Excluding overtime cf
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and related products
Paper and allied products
Printing, publishing, and allied ind
do
Chemicals and allied products
do
Petroleum refining and related ind
_do
Petroleum refining
do
Rubber and misc. plastic products _ _ do_ __
Leather and leather products
do
Nonmanufacturing establishments:!
Mining 9
Ivletal mining
Coal mining
Crude petroleum and natural gas
Contract construction
General building contractors
X l t M V y C I bl U
nrff)
a
do
do
do
do
do
do
H
Transportation and public utilities:
Local and suburban transportation
do
Motor freight transportation and storage .do
TT1
t '
(\
it
"pr inpt?
rln
a
showrL separat 3ly.
ando ae-half.
<? Derived
72.28
63.01
r 72. 69
63.54
' 70. 00
' 59. 83
108. 36 106. 34
113.98 110. 96
115.09 114. 12
132. 89 '130.88
105. 08 '101.25
r 69. 63 ' 67. 13
89.04
95.44
67.97
71.98
65.15
106. 85
111. 25
113. 99
131. 84
99.54
68.92
' 77. 60 78. 31
101. 43 100. 75
68.45
68.40
by assunling that overtim e hours a re paid a t the rate of time
SURVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1963
Monthly
average
March 1964
1963
Jan.
Feb.
Mar.
Apr.
May
June
1964
July
Aug.
Sept.
Oct. | Nov.
Dec.
Jan.
3.130
4.591
3.130
4.602
.99
3.135
4.611
3. 149
4. 636
1 14
Feb.
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Miscellaneous wages:
Construction wages (ENR): §
Common labor
_
$ per hr__
Skilled labor
do
Farm, without board or rm., 1st of mo
do
Railroad wages (average class I)
do
Road-building, com. labor (qtrly.)
do
LABOR CONDITIONS
Help-wanted advertising, seas, adj t__1957-59=100_Labor turnover in manufacturing estab.: f
\ccession rate total mo rate per 100 emplovees
Seasonally adjusted
do
N"ew hires
do.
Separation rate total
do
Seasonally adjusted
do
Quit
do
Layoff
do Seasonally adjusted
do
Industrial disputes (strikes and" lockouts) :
Beginning in month:
Work stoppages
number. _
Workers involved
thous
In effect during month:
2. 946
4.348
3.078
3.072
4.487
2.749
2.785
108
109
105
104
109
105
107
111
112
118
3.5
3.8
2.0
3.5
3.8
1.2
1.7
1.8
3.9
4.1
2.3
3.6
4.0
1.3
1.6
1.8
4.0
3.8
2.5
3.6
4.0
1.4
1.5
1.8
4.8
3.9
3.3
3.4
3.8
1.4
1.4
1.7
4.3
4.0
2.7
4.1
4.0
1.4
2.0
1.9
4.8
3.7
3.2
4.7
4.2
2.1
1.9
2.0
4.8
3.9
3.1
4.9
3.9
2.4
1.8
1.8
3.9
3.9
2.6
4.1
3.7
1.5
1.9
1.7
2.9
3.6
1.8
3.8
3.7
1.1
2.1
1.8
-2.5
1-3. 9
-r 1.4
3.7
-3.7
.8
-2.3
-1.8
200
60
225
45
350
100
425
125
450
135
400
115
325
75
300
100
290
95
180
70
80
30
360
185
2,340
320
120
1,100
350
90
1,110
475
130
1,050
600
165
1,750
675
190
1,740
660
220
2,060
575
185
1,620
550
155
1,100
500
160
1,500
425
145
1,400
300
80
1,000
459
423
496
581
612
577
572
611
664
662
493
432
3.014
4. 454
2.815
2.773
12.38
109
107
109
3.6
3.7
1.9
4.0
4.0
1.1
2.2
2.0
3.3
3.9
1.8
3.2
3.7
1.0
1.6
1.8
230
75
12.31
110
4.1
2.5
4.1
1.4
2.0
301
102
3. 060
4.480
3.011
4. 452
4. 525
i 1. 05
2.740
3.016
4.454
1.11
2. 756
2 18
3.011
4.447
1.13
2.756
2.29
i 1.01
?280
^90
Workers involved
thous
Man-days idle during month
_
. do ___ 1,550 ? 1,500
EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
560
548
Nonfarm placements
thous
Unemployment insurance programs:
2 1, 924 2 1, 939
Insured unemployment all programs
do
State programs:
1,309
1,285
Initial claims
-- do _
1,806
Insured unemployment, weekly avg do __ 1,783
Percent of covered employment:^
4.3
4.4
Unadjusted
Seasonally adjusted
1,525
1,
541
Beneficiaries, 'weekly average
thous__
Benefits paid
mil. $ _ 223.0 231.2
Federal employees, insured unemployment
29
31
thous __
Veterans' program (UCX):
28
29
Initial claims
do __
50
55
Insured unemployment, weekly avg__ do
47
52
Beneficiaries weekly average
do
6.6
7.6
Benefits paid
mil. $__
Railroad program:
17
13
Applications
~thous. .
62
47
Insured unemployment, weekly avg do __
11.1
8.3
Benefits paid
mil. $..
2 2,777 2 2,725 2 2, 461
2
3.102
4.540
1.09
2.750
2 44
2, 055 2 1, 738 21,568 21,606
3.130
4.585
3.130
4.602
3. 157
4. 640
2. 755
2 45
2 1, 531 2 1, 372 2 1, 445 2 1, 667 -22,113
pl!6
?3.4
P3.5
P 1.9
*>3. 8
P3.8
p 1. 1 !
P2.0 i
v 1.8
210 | . _
60 i
370
100
1,010
__
443 i
2
2, 559
2,102
2, 591
1,308
2,546
1,127
2,298
1.216
1,918
1,079
1,624
973
1, 468
1,351
1,493
1,086
1,419
957
1,261
1,157
1,333
1,200
1,542
1.865
1,972
1,848
2,395
6.3
4.8
2,174
342.4
6.2
4.6
2,256
313.3
5.6
4.4
2,165
316.4
4.7
4.2
1,800
274.8
3.9
4.2
1,464
235.9
3.5
4.1
1, 327
188. 2
3.6
4.1
1,238
195.6
3.4
4.2
1,220
186.8
3.0
4.0
1.107
163.1
3.1
4.1
1,070
172.0
3.6
4.2
1,127
165.0
4.7
4.3
1,524
233.0
57
4.3
1,997
319. 3
37
38
35
31
28
26
30
29
28
29
32
34
39
39
77
73
11.1
27
77
77
10.0
25
71
72
9.9
23
58
61
8.8
20
47
44
6.8
22
42
45
6.3
31
44
38
5.9
29
45
42
6.2
28
42
40
5.7
31
43
38
5.9
29
48
39
5.4
39
60
52
7.6
39
73
67
10.2
19
73
13.7
7
64
10.9
5
57
11.0
4
49
9.0
4
39
7.3
11
32
5.6
46
39
5.9
15
37
6.9
15
41
6.4
12
41
7.5
11
45
6.7
12
-47
8.6
p 53
2 712
2,644
7,808
2,062
5,746
2, 709
7, 161
8,170
2,172
5, 063
2,733
7,869
2,230
5,639
2,744
2,049
5,998
2 890
6, 747
1,928
4,819
FINANCE
BANKING
Open market paper outstanding, end of mo.:
Commercial and finance co paper, total
do
Placed through dealers
..do. _ _
Placed directly (finance paper)
do
Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adm.:
Total end of mo _
_ mil. $.
Farm mortgage loans:
Federal land banks
do
Loans to cooperatives
- do
Other loans and discounts
do
Bank debits:
Unadjusted:
Total (344 centers)
bil. $_.
New York City
do
6 other leading centersl
- do
Seasonally adjusted:
Tot°l (344 centers)
do
New York City
do
6 other leading centers^
do
337 other centers
do
3 2, 650
3 6, 000
3 2, 088
890
747
928
819
Deposits, total 9
Member-bank reserve balances
Federal Reserve notes in circulation
2,565
2,589
2,260
7,382
2,204
4,816
5,178
2, 696
7, 542
2, 084
5, 458
3 5, 753
3 6, 403
5,835
5,926
6,024
6,143
6. 229
6, 326
6,408
6,428
6, 430
6,418
6,366
6,403
6,460
33.310
3735
3840
3,089
3,118
761
2,146
3,147
745
2,251
3, 176
702
2,351
3,198
701
2, 427
3,218
711
3,240
706
3,280
2,482
2,436
2,290
3,291
858
2,217
3,310
840
3,333
2,479
3. 259
735
306. 8
133.0
62.5
126.9
- 64. 1
307.8
318.0
133. 1
64.4
299. 6
125. 0
61.7
320.7
300.1
119 5
61.9
310.4
130 3
63.1
-337.2
296. 6
116 7
63.8
- 357. 1
151 0
74.6
360. 7
153 9
73.5
309.0
- 320. 1 -310.2
130. 3
1 .27. 8
06. 9
63 3
122.8
119.2
329 7
140.1
67 0
122 6
326.7
133.7
69 4
123 6
312 7
125.4
67 3
120.0
- 333 0
139. 6
- 69 7
- 123 7
33Q 1
142.9
69 6
126 6
3 3, 052
2,091
4,699
6, 996
2,193
4,803
7, 076
7, 239
5,190
7,522
2,059
5,463
2.098
2 938
7,765
2,042
^ 7^3
3 1, 966
3 2, 253
3, 069
777
1,989
286.4
312.9
129. 7
64.6
- 325. 9
137.2
66.3
116.6
55.2
307.1
128.1
62.8
116.2
301. 5
127.7
61.2
112. 6
303.6
128.9
61.6
113.0
- r>3. s
-119.4
129.8
62. 1
117.1
297. 0
121.5
61.6
113.9
53, 872
54, 614
53, 935
54, 612
54, 207
55, 314
55, 594
55, 042
55, 615
56, 336
57, 848
58, 028
56, 389
56 998
31, 959
87
30, 289
15, 660
32, 60S
209
30, 586
32, 825
153
33, 804
96
32, 027
33. 946
338
32, 468
34, 302
138
32. 563
15, 309
34, 587
332
32, 758
63
33, 593
15, 237
36,418
34. 643
364
32. 752
118.0
58.5
775
2, 062
274.5
308. 2
1 25. 0
129.9
66.8
848
136 9
71.3
2,253
9
866
2fil
15,595
32, 585
201
30, 963
15, 606
15, 595
32, 808
208
31, 254
15. 524
15,346
34, 134
389
32, 391
15, 291
15,310
35, 919
868
33, 667
15, 294
15,231
35, 274
570
33, 169
15 185
do
356,020 3 58,028
53, 872
54, 614
53, 935
54,612
54, 207
55, 314
55, 594
55, 042
55, 615
56, 336
57, 848
58, 028
56, 389
56 998
do
do
do
318,722 3 18,391
317,454 317,049
330,643 3 32,877
17,989
16,644
18, 205
18, 222
17,573
16, 574
30, 303
31,178
31,472
18 200
16, 952
32, 290
18 391
30, 959
18 093
16, 772
31, 265
18 187
16. 922
30, 010
17 860
16, 782
29, 868
18, 188
16, 965
30, 670
18. 044
29, 846
18, 046
16, 748
29, 934
32, 877
18 120
16, 983
31,988
31,899
32.3
32.4
31.6
31.3
31.2
31.0
30.8
30.3
29.7
30.4
30.1
16,850
Ratio of gold certificate reserves to deposit and
32.5
32. 4
32.7
FR note liabilities combined
_percent_. 331.8 329.7
r Revised.
» Preliminary.
i Quarterly average.
2
Excludes persons under extended duration provisions (thous.): 1963—Jan., 1; Feb., 2;
Mar., 4; Apr., 34; May, 60; June, 60; July, 45; Aug., 38; Sept., 36; Oct., 31; Nov., 20; Dec. 9;
1964—Jan., 3.
3 End of year.
^Revised back to 1951 to incorporate adjustments as follows: Enlargement of sample;
updated seasonal factors; new weights for component indexes based on labor force in cities
2, 658
2,697
33,912
Federal Reserve banks, condition, end of mo.:
\ssets total 9
.
.
mil. $ 356,020 3 58,028
333,902 336,418
Reserve bank credit outstanding, total 9 -do
3 63
338
Discounts and advances
do
330,820
3 33,593
U.S. Government securities
do
315,696 3 15,237
Gold certificate reserves
- _- do
Liabilities, total 9
2,593
6,790
3 2.
3 6,
3 1,
3 4,
31,182
16.904
15,457
16.971
17,049
18 53°
17, 146
covered; and shift of index base to 1957-59=100. Monthly data (1948-62) appear on p. 94 of
the Mar. 1964 SURVEY.
f See corresponding note, bottom p. S-13.
§ Wages as of Mar. 1, 1964: Common labor,
$3.157; skilled labor, $4.644.
cf Insured unemployment as % of average covered employment in a 12-month period.
^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
1004
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962 | 1963
End of year
S-17
1963
Jan.
Feb.
Mar.
Apr.
May
1964
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
20, 675
20, 248
256
'173
20,145
19, 753
392
304
88
FINANCE— Continued
BANKING— Continued
All member banks of Federal Reserve System,
averages of daily figures :
Reserves held total
mil. $
Required
_ _ _ _ do _
Excess
do
Borrowings from Federal Reserve banks — do
Free reserves --do
\Veeklv reporting member banks of Fed. Res. System,
condition, Wed. nearest end of y r - or mo.:
Deposits:
Demand adiustedcf'
- mil. $
Demand total 9
do
Individuals, partnerships, and corp
do
States and political subdivisions do
U.S. Government
do
Domestic commercial banks
_do_ _ _
Time total 9
do
Individuals, partnerships, and corp.:
Savings
-- - -- -do
Other time
---do
Loins (adjusted) totaled
do
Commercial and industrial
do
For purchasing or carrying securities
do
To nonbank financial institutions
do
Re?! estate loans
do
Other loans
do
Investments, total. _
--do
U.S. Government obligations, total
do
"X^jpc: gpd bonds
do
Other securities
do
20,035
19, 552
483
99
384
19, 581
19. 109
472
172
300
19, 516
19, 090
426
155
271
19. 735
19. 358
377
236
141
20. 017
19, 537
480
322
158
19. 721
19, 254
467
330
137
19, 945
19, 532
413
321
92
20, 004
19, 596
408
313
95
20.119
19, 704
415
376
39
20, 730
20, 205
525
327
198
6.5, 843 67, 844
102, 109 104,335
71, 531 74, 513
5, 125
5, 338
4,749
4, 556
14, 321 13.320
50, 386 59 2? 7
64, 495
90, 720
66, 791
5, 054
2,760
11,010
51, 302
62,654
91, 562
65, 834
5,329
4, 254
11,078
52, 150
61,811 63, 699 61, 143 60, 954
90, 700 95, 1 72 90,176 95, 198
65, 005 67. 004 64, 260 65, 724
5,993
4, 992
4, 772
5,399
4, 537 C6,879
3,684 4,957
12, 072 11.414 10, 753 11,995
53, 418 53, 751 54, 538 54, 910
63. 281
92,818
66, 795
4,968
4,920
10, 874
55, 581
61, 528
88, 012
64, 024
4,715
3,759
10, 710
56, 326
61,885
95, 237
66, 320
4, 902
6, 229
12, 270
56,711
63, 809
90, 875
67, 322
4. 762
2, 304
11, 452
57, 553
63. 950
93, 771
69. 001
5, 060
2,714
11,569
57.951
67, 841
104,335
74, 513
5, 338
4. 556
13, 320
59, 227
64, 940
90, 224
67, 605
4, 926
1, 545
10, 739
60, 276
62,56."
90, 575
65, 460
5, 18S
3, 75.5
10.81C
60, 930
34,920 38, 083
9,221 13,310
82, 947 92, 901
35,351 38, 793
5, 928
6.621
7, 365
8 595
15, 519 17,880
22, 812 23, 809
48, 147 48, 404
32, 369 29, 018
24, 514 23.127
15, 778 19, 386
35, 143
9, 542
79, 457
34,295
4, 550
6,434
15, 626
22, 361
47, 934
31, 986
24, 423
15, 948
35, 426
9,928
80, 672
34, 564
5,332
6.511
15, 768
22,614
47, 672
31,446
24, 092
16,226
35, 956
10, 447
81, 130
r
35, 236
4,677
r
6, 657
15, 944
22, 467
47,685
30. 857
24, 383
1 6, 828
36,518
11,234
84,311
35, 391
5. 359
7, 306
16, 829
22. 743
47. 991
29, 789
24, 253
18. 202
36, 741
11,691
84, 384
35,014
5,328
7, 624
17. 030
23. 283
47. 601
29, 099
23. 894
18.502
36, 896
12, 181
84, 502
35. 204
5,044
7,447
17,269
23. 496
46, 624
27, 683
23, 724
18,941
37, 342
12,013
87, 366
36, 145
6, 229
7,731
17, 455
23, 647
47, 618
28, 367
23, 400
19, 251
37. 534
12.639
86, 598
36, 296
5.407
7, 243
17,651
24, 097
47, 156
27, 990
23, 150
19, 166
37, 699
1 2, 796
88, 578
37, 254
5. 852
7, 226
17,846
24, 874
46, 720
27, 926
23, 328
18,794
38, 083
13,310
92. 901
38, 793
6, 621
8, 595
17, 880
23, 809
48, 404
29, 018
23,127
19, 386
38, 131
14, 057
89, 122
37, 195
5, 929
7,339
17, 991
24, 606
46, 746
27, 759
22, 362
18, 987
38, 291
14,39"
89, 875
37,590
5, 695
7,511
18, 161
24, 664
46, 972
27, 591
23,260
19, 381
228. 9
134.7
64.6
29. 6
232. 3
136. 8
65.4
30. 1
235. 0
137.8
66.7
30.5
240. 3
141.8
66. 0
32.5
237. 8
142. 4
62.4
33. 0
238. 5
142. 5
62.1
33.9
240. 7
145. 0
61.7
34.0
241.0
1 46. 3
(if). 2
34.5
244. 0
148.8
60. 8
34.4
246. 3
150. 6
60. 8
34.9
245.8
151. 3
59.8
34.7
249.0
152.7
61.0
35. '.•>>
3. 50
Commercial bank credit (last Wed. of mo., except
for June 30 and Dec. 31 call dates) , seas, adjusted:
Total loans and in vestments©
bil. $__
Loans O
-- -do
U.S. Government securities
do
Other securities
--do
228. 1
134.7
64.3
29.1
246. 3
150. 6
60.8
34.9
Money and interest rates: §
Bank rates on short-term business loans:
In 19 cities
percent
2
25.00
4 . 78
25.01
2
5 32
2 5 01
24.79
XViwr Vnrlr <~Mtv
/ OTiier norii t r i a
dn
i
.
__
_ i
r
r
120,040 120,730
119,468 120,205
1572
i 525
1304
i 327
i 268
i 198
19, 676
19,219
457
209
248
35, 822 36, 048
10, 679 11,175
82, 961 82, 280
'35,297 r 35, 028
5,644
4,931
' 6. 745 r 6, 623
1 6, 237 16, 537
23, 100 22,817
47,929 47, 563
30, 689 29, 966
24,311 24,047
17,240 17, 597
232. 5
137.4
63.9
31.2
234.8
138. 9
64. 2
31.7
5 °)0
'429
5. 00
4.76
5.04
5.29
5.01
4.81
5.01
5.30
5 01
4.78
5 01
5 32
5.00
4.80
4.98
2 c AI
Discount rate, end of year or month (N.Y.F.R.
3. 00
Bank)
percent
3. 50
3
4 . 0 5 3 4 96
Federal intermediate credit bank loans
do
3
5. 56 3 5. 50
Federal land bank loans
do
Home mortgage rates (conventional 1st mortgages): *
Now home purchase (U.S. avg.)
percent-,
3 5. 84
Fx^sfins home purchase (U S avg )
do
3 5. 98
Open market rates, New York City:
33.01
Bankers' acceptances (prime, 90 days)
do
s 3. 36
3
3. 26 3 3. 55
Commercial paper (prime. 4-6 months), -do
33.07
Finance Co. paper placed directly, 3-6 mo_ do
33.40
3
4. 5 0 3 4. 50
Stock Exchange call loans, going rate
do
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
percent.. 3 2. 778 33.219
3 3. 57
3-5 year issues _ .
do.__
33.72
Savings deposits, balance to credit of depositors:
X.Y. State savings banks,endofyr.ormo-mil. $_. 23,917 25, 693
539
452
U S postal savings 5
do
19.574
19, 140
434
121
313
3.00
4.15
5.50
3.00
4.14
5.50
3.00
4.09
5. 50
3.00
4.10
5.50
3. 00
4.09
5. 50
3 .00
4.10
5.50
3. 50
4.16
5.50
3.50
4.28
5.50
3.50
4.44
5.50
3. 50
4. 50
5. 50
3. 50
4.51
5. 50
3. 50
4. 53
5. 50
3. 50
4.54
5. 50
5.92
6.05
5.88
6.05
5.86
6.04
5.84
5.99
5.82
5.95
5.82
5.94
5.82
5.93
5.82
5.93
5.81
5.94
5. 82
5.93
5.82
5.97
5. 80
5. 98
5.83
5. 98
3.07
3.34
3.18
4.50
3.13
3.25
3.13
4.50
3. 13
3. 34
3.15
4. 50
3.13
3 32
3.17
4.50
3. 13
3.25
3.15
4. 50
3.24
3.38
3.21
4.50
3.41
3. 49
3.35
4.50
3. 59
3. 72
3.57
4.50
3. 63
3.88
3.63
4.50
3.63
3.88
3.72
4.50
3.71
3.88
3.75
4. 50
3. 63
3.96
3.84
4. 50
3.70
3.97
3.82
4.50
3. 7o
3.8s
3. 7f'.
4. 5i i
2. 914
3.47
2.916
3.48
2.897
3.50
2 909
3.56
2. 920
3. 57
2.995
3.67
3.143
3.78
3. 320
3.81
3. 379
3.88
3 . 453
3.91
3. 522
3. 97
3. 523
4. 04
3. 529
4.06
3. 532
4. 012
24. 103 24, 436
522
515
24,360
499
24, 489
493
24, 763
484
24. 777
478
24, 862
472
25, 154
466
25, 236
461
25. 368
456
25. 693
452
25, 940
447
26, OS9
Total outstanding, end of year or month
mil. $__ 63, 164 69, 890 62, 462 61, 989 62, 149
48, 034 53, 745 47, 920 47, 852 48, 075
Installment credit, total
do
19, 540 22 199 19, 582 19, 678 19, 930
Automobile paper
do
12,605 13, 766 12, 453 12, 250 12, 149
Other consumer s^ods paper
do
3,246
3,211
3, 185
3,389
3,177
Repair and modernization loars
do
12, 643 14,391 12, 674 12, 739 12,819
Personal loans
do
By rype of holder:
41, 782 46, 992 42,335 42, 371 42,531
Financial institutions, total
do
19, 005 21,610 19, 129 19, 256 19, 450
Commercial banks
do
12,194 13, 523 12, 668 12, 556 12, 460
Sales finance companies
do
5, 622
4, 902
4, 864
4. 876
C red i t un i on s
do
4, 928
4,131
4! 590
4,134
4,138
Consumer finance companies
do
4,139
1 , 550
1, 647
1,540
Other
do
1, 545
1, 554
6, 753
0, 252
5, 585
Retail outlets, total
do
5,481
5,544
3, 013
3,427
Department stores
do
2,478
2 480
9 566
1, 086
1, 073
Furniture stores
...
do
1, 049
1,027
1,002
328
345
Automobile dealers
do
308
288
315
1,912
1, 821
Other
do
1, 686
1, 750
1, 661
16,
145
15, 130
Non installment credit, total
__ do
14, 542 14, 137 14, 074
5,959
Single-payment loans, total
do
5, 456
5,430
5,479
5. 539
Commercial ban ks
do
4, 690
5, 047
4, 685
4,713
4, 727
912
Other financial institutions
do
'
766
745
766
812
r
Revised.
1
2
Average for Dec.
Quarterly average.
3 Monthly average.
cf For demand deposits, the term "adjusted" denotes demand deposits other than domes tic commercial interbank and U.S. Government, less cash items in process of collection;
for loans, exclusive of loans to domestic commercial banks and after deduction of valuation
reserves (individual loan items are shown gross; i.e., before deduction of valuation reserves).
63, 167
48, 806
20, 376
12, 197
3, 200
13, 033
64, 135
49,484
20, 794
12, 272
3, 245
13, 173
64, 987
50, 307
21,236
12, 422
3,281
13, 368
65, 491
50, 894
21, 593
12, 459
3, 316
13, 526
66. 308
51, 526
21, 819
12, 607
3,357
13, 743
66, 538
51,718
21, 725
12, 702
3, 377
13,914
67, 088
52, 257
21, 971
12,845
3, 400
14,041
67, 746
52, 695
22. 107
13,046
3, 407
14, 135
69, 890
53, 745
22, 199
13, 766
3, 389
14, 391
69, 186
53, 580
22, 189
13, 632
3, 354
14,405
43, 149
19, 882
12, 506
5, 034
4,174
1, 553
5, 657
2 686
992
324
1, 655
14, 361
5, 562
4,793
769
43, 723
20, 229
12. 583
5,139
4,191
1.581
5, 761
2 797
994
319
1,651
14. 651
5, 674
4, 836
838
44, 373
20, 602
12, 693
5, 251
4, 241
1, 586
5, 934
2 925
997
331
1, 681
14, 680
5,709
4, 893
816 '
44, 878
20, 874
12, 807
5, 330
4, 276
1,591
6, 016
9
999
994
343
1,680
14, 597
5, 683
4,874
809
45, 375
21,101
12, 906
5,412
4, 329
1, 627
6, 151
3, 107
1,004
341
1, 699
14, 782
5,789
4, 879
910
45, 687
21, 145
13, 073
5, 458
4,381
1,630
6, 031
3, 025
1,009
321
1, 676
14, 820
5,844
4, 927
917
46,161
21, 391
13, 187
5, 529
4, 425
1, 629
6, 096
3. 077
1, 015
325
1, 679
14, 831
5, 830
4, 952
878
46, 462
21, 486
13, 302
5,569
4, 461
1,644
6, 233
3,172
1,032
326
1,703
15, 051
5, 894
4,987
907
46, 992
21,610
13, 523
5, 622
4?, 590
1, 647
6, 753
3, 427
1, 086
328
1, 912
16, 145
5, 959
5,047
912
47, 166
21, 630
13, 706
5,584
4, 59'>
1, 654
6,414
3, 180
1, 065
328
1,841
15, 606
5, 900
4, 991
909
23. 993
531
CONSUMER CREDIT!
Short- and Intermediate- term)
9 Includes data not shown separately.
©Adjusted to exclude interbank loans. § For
bond yields, see p. S-20.
*New series (FHLBB); earlier data not available.
H Data are as of end of consecutive
4-\veek periods ending in month indicated, except June figure which is as of June 30 (end of
fiscal year).
tUnadj. data revised back to 1962; seas, adj., back to 1960. Revisions for
periods not shown here arc available in the Nov. 1963 Federal Reserve Bulletin.
SUKVEY OF CUERENT BUSINESS
S-18
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1963
1963
Monthly
average
March 19G-
Jan.
Feb.
Mar.
Apr.
June
May
1964
July
Aug.
Sept.
Nov.
Oct.
Dec.
Jan.
Feb.
FINANCE—Continued
CONSUMER CREDITt-Continued
Total outstanding, end of year or month— Con.
Noninstallment credit— Continued
Chargp accounts total
mil. $-Other retail outlets
Credit cards
-
- do
do
Installment credit extended and repaid:
Unadjusted:
Automobile paper
Other consumer goods paper
All other
Repaid total
Automobile paper
Other consumer goods paper
All other
Seasonally adjusted:
A
t
Ath
-
_do
do
do
do
- -do
do
do
hil
dO
n irnp <rr»nds naner
do
All other
Repaid total
Automobile paper
Other consumer goods paper
All other
5, 684
505
3,990
5,871
895
4, 456
520
4, 315
5,071
775
3,802
494
4,041
4, 511
646
3,376
489
4,147
4,374
587
3,308
479
4,161
4.581
603
3. 505
473
4, 218
4,793
610
3,699
484
4,184
4,783
599
3,689
495
4.188
4,760
555
3,682
523
4,154
4,839
579
3, 713
547
4,154
4,833
620
3, 667
546
4,143
4,898
639
3,743
516
4,103
4,999
667
3.817
515
4,158
5,871
895
4, 456
520
4,315
5 339
782
4 014
543
4 367
4,594
1,650
1,307
1,637
4,218
1,456
1,245
1,517
5.068
1,834
1,417
1,817
4,593
1. 613
1,320
1,659
4, 385
1,624
1,188
1,573
4, 499
1, 582
1.340
1, 577
4,083
1,537
1,039
1, 507
4,151
1.441
1,242
1,468
4,702
1,787
1,238
1,677
4,479
1,535
1, 339
1, 605
5. 332
2.072
1.355
1,905
4, 601
1, 626
1.307
1,668
5, 294
2,067
1, 386
1,841
4, 616
1, 649
1,311
1, 656
5, 222
1,967
1,410
1,845
4, 399
1, 525
1.260
1,614
5, 365
2, 055
1,393
1, 917
4,778
1,698
1.356
1,724
5, 242
1,839
1. 456
1.947
4, 610
1, 613
1,308
1, 689
4, 755
1,524
1.384
1,847
4. 563
1.618
1,289
1, 656
5,487
2,040
1,547
1.900
4. 948
1, 794
1,404
1.750
4,981
1.734
1.517
1.730
4, 543
1.598
1.316
1,629
5, 974
1, 767
2,094
2,113
4.924
1, 675
1,374
1.875
4 717
1,689
1.314
1,714
4.882 !
1 699 '
1,448
1,735
4,899
1.807
1,360
1,732
4,414
1, 564
1.277
1,573
4,957
1.809
1.395
1.753
4. 462
1, 566
1,289
1, 607
4, 973
1,811
1.406
1. 756
4, 496
1, 546
1,324
1,626
5,008
1,870
1,359
1.779
4,487
1, 585
1.276
1, 626
4,985
1,847
1.357
1,781
4. 544
1.611
1 . 294
1,639
5, 054
1,820
1,408
1, 826
4,568
1, 588
1.317
1, 663
5, 100
1,854
1.409
1,837
4. 591
1,603
1.330
1,658
5,100
1,802
1.441
1.857
4,619
1. 607
1.326
1, 686
5,093
1,730
1,425
1.938
4,752
1. 659
1.347
1,746
5,311
1, 910
1.457
1,944
4.780
1,676
1,362
1,742
4 979
1.792
1 43?
1 755
4.596
1.638
1.324
1,634
5.272
1.914
1. 523
1,835
4.812
1,707
1,384
1, 721
5 °48
1 888
1 466 '
1 894
4 796
1. 684
1 378
1 734
6, 283
9.381
8.818
9,763
-382 -2, 535
10. 350
8.779
1, 570
4.693
13.980
9.472 1 0, 045
4.508 -5. 353
10, 960
11, 287
-328
4. 423
11,652
9, 549 10. 740
2,102 -6,318
9, 617
9, 812
-194
10, 503
10. 069
433
927
4, 252
do
do
do
- do__-do -
FEDERAL GOVERNMENT FINANCE
Net cash transactions with the public :d"
r
Receipts from
- mil. $__ 8, 850
r 9, 323
Payments to
do
' -472
Excess of receipts, or payments (-)
do
Seasonally adjusted quarterly totals:
Receipts
do
Excess of receipts, or payments (— )
Budget receipts and expenditures:
Receipts total
Receipts net^
Customs
Individual income taxes
Corporation inconie taxes
Employment taxes
Other internal revenue and receipts
Expenditures, totall
Interest on public debt
Veterans' services and benefits
National defense
All other expenditures
Public debt and guaranteed obligations:
Gross debt (direct), end of mo., total.
11,545
7. 248
8.922
9.669
2,622 -2. 421
8.544
5, 735
110
5, 344
551
940
1,598
7,590
823
367
4, 522
1,886
11,132
6, 953
106
6,293
443
2, 664
1,626
7.470
823
435
4.488
1,727
13. 996
12. 061
95
302. 99
303. 17
305. 20
298. 98
256. 77
12.77
42.20
4.02
999 19
257. 58
12. 56
41.60
3. 98
301. 19
257. 62
13.37
43. 56
4.02
7, 849
852
439
4,414
2,188
6.285
5, 533
80
3,636
517
429
1,623
8.013
858
486
4, 547
2,215
10, 997
7, 305
103
6,206
422
2, 596
1, 671
6, 763
809
445
4.102
1,432
13,093
9. 663
107
3,927
6,081
1,428
1,550
7,806
825
405
4, 523
2, 056
309. 35
303. 42
304. 64
1299.21 1305.21 299. 33 300. 57
Interest bearing, total
do
i 255. 7S 1 261. 56 257.14 258. 08
Public issues
do
i 11.99 i 14.14
12.19
12.40
Held by U.S. Govt. investment accts_do
42. 19
i 43. 43 i 43. 66
42.49
Special issues
do
14.26
4.08
4, 07
i 4. 13
Noninterest bearing
do
Guaranteed obligations not owned by U.S. Treasi
.
52
.53
i .74
.54
ury, end of month
_
_
bil. $._
U.S. savings bonds:
i 47. 87 i 49. 03
47. 97
48.11
Amount outstanding, end of month
do
. 36
. 53
.42
C5;-j]p^ cjppjp^ f^ and "EJ
do
. 40
.47
. r,-o
.40
.42
Redemptions
• do
LIFE INSURANCE
8, 983
7, 059
103
4,340
1,821
1,108
1,612
7, 659
796
442
4, 425
2 , 052
_bil. $.. » 303.
47
Institute of Life Insurance:
Assets, total, all U.S. life insurance companies
Ml. $-- i 133.29
Bonds (book value), domestic and foreign,
total
bil $ i 63. 72
i 6, 17
U S Gove r nmen^
do
i 4. 03
State, county municipal (U S )
do
i 16.51
Public utility (U S )
.
do
13.48
Railroad (U S )
do
i 28. 64
9, 523
7. 293
105
4,525
1. 897
1,346
1.650
1
11. T"
10,095
104
7,863
882
468
4,178
2,579
9. 977
7,290
108
5. 785
386
2. 064
1, 633
8.305
850
466
4, 469
2.572
305. 86
304. 84
301.95
257.15
13.40
44. 80
3.91
300. 94
257. 21
13.20
43. 72
3, 90
5,305
5,511
1,340
1, 745
7,715
8(55
385
4. 616
1,886
4,871
3, 547
117
1, 676
574
537
1,967
6.580
5.853
101
3.873
583
404
1,619
8.492
925
4^<i
4. 34S
2.820
;
;
i
5. 350
3. 603
1.098
1.567
7.815
856
438
4.215
2. 334
4,371
3.400
123
1,651
557
468
1, 571
8,776
865
463
4,710
2, 750
5, 541
396
1,440
1,428
7,784
863
454
4,081
2, 386
10.379
8,803
103
3, 582
3. 726
1,147
1. 820
8,289
903
455
4. 523
2,434
306. 54
306. 64
306. 44
308. 22
309. 35
308.58 ; 310.36
302. 52
257. 01
13.21
45.52
4.01
302. 66
258. 01
13. 48
44. 65
3.97
302. 46
259. 18
13. 76
43. 28
3. 93
304. 09
260. 54
14.01
43. 55
4.12
305. 21
261. 56
14. 14
43. 66
4.13
304.50 ! 306.13
262.58 i 263.25
.69
. 55
.56
.58
.61
.65
. 67
4S.21
. 40
. 40
4S. 29
.41
. 45
48. 40
.41
.41
48. 47
.35
.40
4S. 58
. 41
. 44
48. 70
.40
. 39
134. 01
134.50
134.98
i;]5. 61
136.24
136. 70
137.07
64. 44
6. 31
4. 09
1 0. 54
3. 54
28.82
fi4.f>6
64.72
6. 03
4.06
16.54
3. 53
29. 18
64. 95
6.0t
4.04
16.51
3. 52
29 44
65.17
5.85
4.00
16.52
3.51
29 65
65. 23
5.76
3.98
16. 52
3.50
29 77
tin. 58
5.34
2.26
2.99
47. 62
44. 16
5. 38
2 26
3. 03
47. 91
44 41
5. 38
2 °5
3.04
48. 16
44 62
5.45
2. 27
3. 1 0
48.42
44 83
4.18
6.32
1.19
5 . 60
4.20
6 36
1 18
5 63
4.21
6 40
1 21
5.70
4.24
6 44
1 21
5. 71
885.0
391. 7
72.2
13.1
73.5
154. 9
179.6
83-1. 4
367. 1
67. 3
12.6
73.3
] 55. 0
159. 1
827. 6
357 1
69. 4
13.6
73.9
154.2
159.4
6,24
4.08
16. 54
3.54
28.98
28. 900
30 °00
-1.300
28. 700
30 400
-1,700
48. 74
.42
8.911
7,131
106
.71
48. 82
. 39 !
.42
i
i
:
_
"41.02 '"42."ss"
4. OS !
4.23
. 72
74
. 70
48. 93
.33
.34
49.03
.36
. 30
49.11
.47
.00
140. 21
140. 90
. 79
:
49.21
. 41
.43
i
1
Stocks (book value), domestic and foreign, total
5. 24
5.28
bil. $- i 6. 30
i 2. 18
2. 24
2. 25
Preferred ( U S )
do
2.
in
i
4.
03
2.
94
Common (U S )
do
47. 20
47. 35
U6.90
"Mortgage loans, total
do
Nonfarni
do
43. 80
43.93
i 43. 50
4.15
14.11
4. 17
Real estate
do
6.24
i 6. 23
6.28
Policy loans and premium notes
do
i 1.46
1.27
1.28
Cash
do
5.44
5.50
i 4. 57
Other assets
__
do
Payments to policyholders and beneficiaries in
759. 2
U.S., total
mil.$_. 777.1 835.7 844. 7
323.2
350.7
369. 5
332. 2
Death payments
do
59. 2
59. 5
67.4
71.5
Matured endowments .. .
do
12.9
11.2
13.4
11.8
Disability payments
do _
69.8
75.1
95.2
75. 5
Annuity payments
do
147.7
152.6
136.
9
149.
1
Surrender values
do._.
142. 5
165. 0
180.4
144.2
Policy dividends
do
r
Revised.
* Preliminary.
i End of year; assets of life insurance companies
annual statement values.
JSee similar note on p. S-17.
cfOther than borrowing.
27. 800
28, 200
-400
27, 400
28 300
-900
do
do
do
do
do
do
do
do
do
-do
do
do
do
11.323
9,989
1.334
are
actions.
138.36
13S. 76
139. 61
5. 84
o. 95
i 6. 49
3.48
30 07
5.81
3. 91
16. 49
3. 4S
30. 23
65. 79
5 82
3.89
16. 46
3 47
30 33
66. 08
5.83
3. 89
16. 47
3. 46
30 62
66 36
5 79 i
3.89
16. 48
3 45
30 98
66 10
5 7(3
5. 4.5
2. 28
3. 08
48. 66
45 03
4.26
6 5
1 v>6
5. 94
5. 50
5. 56
2 30
3 17
49 23
45 52
5. 56
2 29
3. 18
49. 54
45 80
4. 36
6 62
1 34
6 11
5.58
2 31
3 18
49 81
46 06
4 37
6 65
1 3°
6 11
5. 68
9 34
3 °5
50 54
46 75
4 35
6 69
1 44
6 10
798. 3
824.9
325.0
352. 3
65. 9
63. 9
12.4
13.5
73.5
80. 3
147.8 ! 150. 1
200.3 1 138.2
3. 11
48. 96
45 99
4.31
6 55
1 25
6 07
780. 6
343. 8
64. 7
12. 7
62. 3
154. 1
143.0
4
6
1
5
34
58
34
92
860. 7
798. 5
324 6 1 368 1
70 6
63 8
13. 1
12.6
71.9 ! 76.0
143 7
149 4
181.9
183.5
3. ss
16. 43
3 43
30 94
731.3 1,083.0
307 5
369 7
67 4
73 1
14 s
11 5
71.9
74.4
127 1
163 5
145.9
387.5
net receipts and total expenditures reflect exclusion of certain interfund trans"
SURVEY OF CURRENT BUSINESS
March 1064
1962
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
Monthly
average
S-19
1964
1963
Feb.
Jan.
Mar.
Apr.
May
June
July
Aug.
Sept.
Feb.
Oct.
Nov.
Dec.
Jan.
8,122
5,871
1,621
630
7.439
5, 495
1 352
592
9 070
6. 001
2 546
523
6 794
4,999
1 295
500
1,065
811
105
1 351
929
205
217
FINANCE—Continued
LIFE INSURANCE— Continued
Life Insurance Agency Management Association:
Insurance written (new pald-for Insurance) :
Value estimated total
mil $
Ordinary
do
Group and wholesale
do
Industrial
do
6,621
4,676
1.358
587
7,294
5,205
1,506
583
5, 671
4,117
1,040
514
6,343
4,579
1,197
567
7,307
5,211
1,508
588
7, 775
5, 329
1,814
632
7 576
5 531
1 406
639
7,037
5,115
1 334
588
7, 058
5, 134
1 367
557
6,922
5,048
1 295
579
7,211
5, 029
1,594
588
1,052
778
155
1,125
842
167
116
1,150
872
164
113
1,038
779
154
104
1,130
859
166
104
1, 096
828
163
105
1 120
840
166
114
1 072
811
159
102
1 127
853
166
108
1,127
847
174
106
1. 066
799
160
106
Gold and silver:
Gold:
Monetary stock, U.S. (end ofyr.ormo.)_mll. $._ 1 15, 978 115, 513
— 21
-66
Net release from earmark $
do
31, 747 16, 982
Exports
thous. $
3,701
12, 578
Imports
_ do
15. 928
-89
16, 975
2,976
15, 878
45, 024
2.024
15, 878
48
36
1,842
15, 877
-27
338
1,382
15. 797
—62
140
9,140
15. 733
39
15
2. 062
15. 633
169
189
9,769
15, 582
—44
83
7, 566
15. 582
-3
56, 286
1,321
15, 583
107
28, 139
1,749
15.582
23
28 416
2,094
15,513
94
28.142
2,489
107,500
74, 400 80, 000
12, 100
4, 500
78. 000
11, 700
3, 600
76, 500
11.000
3,000
79. 400
11, 600
3,200
79, 100
11,800
3,600
80, 600
12 400
80.100
11.600
81, 600
10 900
81, 700
11, 700
80,900
11.500
82, 000
12. 200
81, 600
11 700
78, 600
3,480
5.910
1.279
2,571
4,299
2.244
3, 086
5, 187
1.250
1,642
7,500
1.271
3, 327
4, 606
L 273
o 711
6 527
1.279
2,618
6. 854
1.277
265
6,013
J.290
1 624
4.865
1.288
2,945
6,798
1.293
5 756
7 178
1.293
11 439
4 658
1.293
3 780
6 433
1.293
thous. fine oz_. 2.556
3,437
do
* 3, 029
do
3,843
2,289
3, 241
4,722
2,233
3, 604
4, 135
2, 575
3, 446
4, 186
2, 393
3 009
4, 103
2, 672
3 9351
4 86
2. 389
3, 195
3, 346
2.216
3 587
3, 806
2,908
3 350
3. 328
2. 285
3,245
3. 707
2. 707
2 542
3 218
2.887
3 489
3 682
3 593
'35.3
137.7
34,1
34.3
34.5
34.6
35.1
35.5
35.7
35.8
35.9
36.2
37.2
37. 7
5 146. 0
5 30. 1
M15.9
591.0
56.0
5 150. 6
531.6
s 119.0
5 105. 3
5 5.8
151. 8
30. 5
121.3
98. 4
4.8
148.3
30.5
117.8
99.9
5.6
147.4
30.8
116.7
101.7
5.9
149.5
30.9
118. 6
102.9
4.2
147
31
116
104
7
3
1
2
0
0
148.2
31.4
116.7
105.0
7,4
149. 4
31 8
117.6
106 0
149. 1
31.9
117.2
107 3
6.2
150. 5
32 0
US. 6
108 1
6 5
15°
39
19Q
109
5
5
i
4
3
*?
199 9
148.7
30 7
118.1
99 1
148
30
117
100
6
9
7
3
148.9
31.1
117.8
101.8
149.4
31.2
118.2
102. 6
149
31
118
103
4
3
1
7
149. 8
31 6
118.2
104 5
150
31
119
105
150
31
118
106
5
8
8
7
150 9
31 8
119 1
107 6
1 59 }
r~>3 4
43. 6
84.6
42.7
28.3
43.9
85.8
43.1
28.3
44.3
82.2
* 44.1
29.6
44
85
43
99
2
0
1
1
T
44.9
88. 9
44 °
°9. 5
46.8
96.9
46.7
129. 9
a f,
87
48
30
Premiums collected:
Total life insurance premiums
Ordinary
._
Group and wholesale
Industrial
~
.
-_
do.
.. do_
do
do.
120
r
1 154
876
r
170
108
r
r 150
MONETARY STATISTICS
Production world total
South AfricaCanada
United States
Silver:
Exports
Imports
Price at New York
Production:
Canada.. _
_
Mexico
United States.
do
do
do
do
_
do
__
do
__dol. per fine oz._
Currency In circulation, end of yr. or mo
bil. $_.
Money supply and related data (avg. of daily fig.) :
Unadjusted for seas, variation:
Total money supply., .
. bil. $
Currency outside banks
do
Demand deposits _
do
Time deposits adjusted^
do
U S Government deposits
do
Adjusted for seas, variation:
Total money supply
Currency outside banks
Demand deposits
Time deposits adjusted^
2
3
1,262
6,208
1. 084
do
do
do
do
Turnover of demand deposits except interbank and
U.S. Govt., annual rates, seas, adjusted:
Total (344 centers) ...ratio of debits' to deposits
New York Citv
do
6 other centers d*
-...
do
337 other reporting centers
_ do_
41.5
77.8
41.2
44.3
84.8
44.6
29. 0
43.5
83.7
44.1
28.8
42.5
79.3
42. 7
28, 1
7
6
1
5
45.8
85.1
46 8
30 3
r
'} 9
A
19Q l
108 9
154 8
39 (j
110 0
4 3
39 3
121 1
110 7
9
9
4
1
43 6
80 7
46 0
2,117
9Q 0
157
33
1°4
110
5
4
1
3
8
1
1 53 5
3° 4
121 1
111 8
46
89
47
99
3
0
r
)
§
r
15, 512
55
56 294
2 404
5 230
6 638
1.293
15, 462
1.293
36.2
158 0
39 4
1259 6
II 9
4 1
154
32
121
114
4
1
3
8
4
8
154
39
129
113
8
5
3
7
154
39
121
114
4
7
7
8
47
99
47
30
1
i
8
6
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade and SEC):
Net profit after taxes, all industries
mil. $__ M.430
a 342
Food and kindred products
. . ...do
6 88
Textile mill products
do
Lumber arid wood products (except furniture)
641
mil. $_.
Paner and allied n rod nets
do
6157
8 560
Chemicals and allied products
_ do
4,024
279
04
5,213
356
90
4. 785
417
97
27
123
511
68
164
674
865
0
]9
96
1 r>3
606
938
204
321
129
184
Stone, clav, and glass products -_
do
P r i m a r y nonforrous metal
do
Pri mary iron an d steel
do
Fabricated metal products (except ordnanco,
machinery, and transport, equip.)
mil $
Machinery (except electrical) do
Elec. machinery, equip., and supplies. do.
Transportation equipment (except motor
vehicles, etc.)
... mil. $
6 110
92
A i l other manufacturing industries
8508
do
Dividends Paid (cash), all industries
r>o
Electric utilities, profits after taxes (Federal Reserve)
mil. $
Transportation and communications (see pp. S-23
and S-24).
o 145
e 133
6 180
125
108
* 152
6327
6305
14q
no
179
417
396
9(>9
361
129
751
503
114
365
607
8 2, 320
2, '?02
2 371
2 164
e 513
62P
498
599
" _ _-
—
290
291
3f,2
31°
SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds, total
By type of security:
Bonds and notes, total
Corporate
mil. $
2,498
2, 635
do
do
2, 352
751
110
36
2. 521
2,830
2, 927
2,783
5, 054
2, 089
r
1. 980
1. 673
2, 977
2, 606
2. 072
2.740
QQg
1 °73
593
548
85
71
//
74
Preferred stock
do.""
29
30
17
17
r
2
Revised.
i End of year.
Estimated; excludes U.S.S.R., other Eastern European
untries, China Mainland, and North Korea.
3 Effective Aug. 1962 for silver in commercial bar form (priced }4 cent higher than on former basis; Mo cent higher effective Nov. 15,
1962). 4 Based on refinery production (U.S. Bu. of Mint data); not comparable with later
figures shown, which are from Amer. Bu. of Metal Statistics. 5 Average of daily figures
e Quarterly average.
2,711
832
191
26
2.687
1 214
78
17
4, 942
1, 989
r
1,880
1,586
2. 852
2, 708
2, 166
2,312
2, 48G
1, 958
2. 229
2, 365
732
1, 376
871
65
75
91
61
81
106
53
94
35
38
39
5
34
54
30
2*')
§ Or increase in earmarked gold (-).
_ t _ _at_all commercial banks other than
1. Time.deposits
those due to domestic commercial banks and the U.S. Govt.
Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
SUEVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1963
1963
Monthly
average
March 1004
Jan.
Feb.
Mar.
Apr.
May
June
!
19(54
July
i
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
FINANCE—Continued
SECURITIES ISSUED— Continued
Securities and Exchange Commission— Continued
Estimated gross proceeds — Continued
By type of issuer:
Corporate total 9
mil.$
Manufacturing
do
Extractive (mining)
do
Public utility
do
Railroad
do
Communication
do
Financial and real estate
do
Noncorporate, total 9 . ..
do
U.S. Government..- - _ .
do_ __
State and municipal _
do
New corporate security issues:
Estimated net proceeds total
-- --do
Proposed uses of proceeds:
New money total
do
Plant and equipment -__do
Working capital
do
Retirement of securities
do
Other purposes
do
State and municipal issues (Bond Buyer) :
Long-term
do
Short-term
do
SECURITY
642
228
24
147
14
69
114
1, 363
36
91
260
695
142
17
181
29
127
94
1,615
2,013
1, 523
1, 467
897
274
19
237
20
109
155
1,020
1,600
295
18
990
630
11
161
43
46
291
156
16
434
11
72
274
1,879
66
285
810
330
4
191
26
92
93
409
902
3, 808
2.252
1,072
1,279
413
789
1,340
248
3
283
84
357
226
1,443
1,246
239
83
413
r
891
226
17
174
27
16
345
1. 459
358
1.116
247
18
278
17
46
453
991
176
54
137
30
156
333
802
347
452
1,861
394
1,282
1,226
333
688
853
357
483
1,495
745
862
1.101
879
1.444
979
566
269
T
297
107
71
730
373
357
67
65
912
368
544
88
100
606
354
252
61
212
1,098
674
424
30
316
872
498
374
53
53
483
259
r 1.006
'336
78fj
4t>i
461
5 54°
4.481
464
5, 9546
1 6°
4, 251
4. 191
756
279
13
124
8
97
r
161
871
287
6
79
51
1.224
398
796
40
531
2
203
44
65
426
601
842
774
999
881
1,007
684
631
1,349
1,034
1,323
1,230
797
r
694
475
219
63
124
749
450
299
127
130
563
378
185
72
50
448
319
129
37
146
1,056
830
498
332
419
74
783
512
271
217
230
588
374
214
121
89
r
755
300
205
88
812
529
283
104
118
713
397
842
457
999
304
810
467
989
457
915
962
902
206
1,072
544
789
392
726
567
452
283
1,282
427
688
613
1461
i 405
i 4, 149 i 5, 542
1 216 i 1.210
i 2, 820 i 4.481
414
4,236
1, 199
2, 927
422
4. 355
1 191
3,094
399
4, 358
1 175
3,192
415
4. 553
1.201
3.272
418
4,762
1 166
3,688
407
4, 930
1 149
3. 953
423
4,920
1 126
3i 865
406
5 057
1 093
3.956
431
5, 356
1 180
4,169
423
5. 524
1 176
4.251
478
5.621
r
1 9H
r 1 9JQ
4.485
r
96.2
112.1
96.8
111.3
97.6
113.0
97 8
112.1
97.8
113.3
97.4
113.1
97.1
112.6
97.1
110.7
96.6
110.3
96. 5
111.4
95.9
110.7
95.9
109.9
95 9
108. 5
95.4
109. 5
95. 3
111.2
95.7
112. 3
86.94
86.31
87.81
87. 33
87. 15
86.63
86. 66
86. 36
86. 16
86.45
85.77
85.50
85.03
84. 64
84. 42
84. 6>:
144. 14
148. 83
145. 04
137. 82
128. 43
132. 21
111.87
1 26. 08
100.64
108.50
139. 00
139. 12
151.22
151.22
126. 55
127. 69
116.30
113.84
128.95
190 99
120.86
113.87
131. 47
121. 30
162. 77
158. 36
3°2 41
°40 58
286. 79
253. 71
138. 80
143.27
138. 94
132. 17
123. 26
126. 26
107. 89
121.64
95. 66
102.80
133. 39
132. 71
142. 52
142.91
119.48
122. 36
110.37
109. 00
123 41
116 99
113.14
107. 96
122. 60
114.33
158. 16
153. 92
317 40
935 87
280. 62
248. 73
121.21
123.61
117.64
107. 97
91.35
124. 31
126. 28
104.26
95 87
106 74
94 41
107. 04
173.13
934 39
4.62
4.50
1. 49
4.48
4.47
4.47
4.47
,47
4.49
4.50
4. 52
4.52
4.54
4. 55
4.56
4.55
4.33
4.47
4. 05
o . 02
4. 26
4.39
4.48
4. 86
4.21
4.37
4.48
4.91
4.19
4.36
4.46
4.89
4. 19
4.34
4.45
4.88
4.2!
4.35
4. 46
4.87
4.22
4. 36
4.4H
4.85
4.23
4.36
4.45
4.84
4. 26
4.39
4.47
4 84
4 29
4.40
4.48
4 83
4.31
4.41
4.50
4.84
4.32
4. 43
4.51
4.83
4.33
4.44
4. 54
4.84
4 35
4 46
4. 54
4 85
4.37
4.49
4.56
4. 83
4. 36
4.47
4. 51
4.86
4.42
4.41
4.65
4.38
4.38
4.72
4.37
4.37
4.69
4.38
4.38
4. 65
4.40
4. 39
4. 63
4.40
4. 39
4. 63
4. 40
4. 40
4. 61
4,43
4. 42
4.62
4 459
4. 4
4 63
4.46
4.44
4.65
4.47
4.44
4.66
4.47
4. 45
4.68
4 48
4.49
4 68
4. 50
4. 51
4.68
4. 4S
4.51
4.67
3.14
3. IS
3.18
3. 23
3. 18
3. 12
3.12
3. IS
3. 06
3.11
3.11
3.11
3. in
3.22
3.12
3. 29
3.15
3.22
3.19
3.27
3.24
3.32
3.31
3.41
3.26
3.34
3.13
3.23
3.17
3.17
3. 95
4. 00
3.88
3.92
3. 93
3. 97
3.97
4. 00
4.01
3.99
4.04
4.07
4.10
4. 14
4. 15
4.14
480.7 3,316.7 1, 187. 5
594. 7
124.8
449 2
165. 6 2 164 8
3.4
175 1
305. 1
346 2 !
18. 1
209. 3
170.8
2
8
6
4
6
247. 0
1H5. 0
26.4
90 2
19. 5 \
3.0
6.82
7.41
3.33
3.67
4.51
5.86
6.89
7. 52 1
3. 33
3.67 i
4. 54
5.86
716
713
425
810
396
989
1,049
716
915
474
1. 006
MARKETS
Brokers' Balances (N.Y.S.E. Members Carrying
Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)
mil $
do
Mioney borrowed
do
1
Bonds
Prices:
Standard & Poor's Corporation:
Industrial, utility, and railroad (Al-f- issues):
Composite (19 bonds) cf—dol. per $100 bond..
Domestic municipal (15 bonds)
do
U.S Treasury bonds taxable 5
- do
Sales:
Total, excl. U.S. Government bonds (SEC) :
All registered exchanges:
Market value
mil $
Face value
do
New York Stock Exchange:
Market value
do
Face value
do
New York Stock Exchange, exclusive of some
m
Yields : ° PPe sa es' ace va ue' ^° a
Domestic corporate (Moody's)
percent_.
By ratings:
Aaa
do
Aa
_.
doA
do
Baa
do
By groups:
Industrial
do
Public utility
do
Railroad
do
Domestic municipal:
Bond Buyer (20 bonds)
.___ .do _ _
Standard & Poor's Corp. (15 bonds)
do
U S Treasury bonds, taxable©
_
do
3.15
4. 4t:
4. or
4. S3
Stocks
Cash dividend payments publicly reported:
Total dividend payments
mil. $.. 2 15, 076
Finance
Manufacturing
Mining
_
Public utilities:
Communications
Electric and gas
Railroads
Trade
Miscellaneous
_ __ _
__
.__
do
do
do
do
do
do
do
do
Dividend rates and prices, common stocks
(Moody's):
Dividends per share, annual rate (200 stock?)
dollars..
Industrial (125 stocks)
do
Public utility (24 stocks)
do
Railroad (25 stocks)-..
do
Bank (15 stocks)
do
Insurance (10 stocks)
do
2
16. 188 1,098.9
520. 1 2, 164. 1 1,038.5
2 2, 360
27,823
2 549
2 2. 487
28.510
2
582
197.0
181 . 8
139. 9 1, 388. 1
2.6
112.4
2 1,411
2 1, 773
2 353
2606
2 201
- 1.456
2 1,900
2377
2
642
2
232
236. 2
126.7
31.6
79.6
18.0
5. 99
6. 43
2.97
3.36
4.30
5. 31
6.42
6.98
3. 21
3.50
4.46
5.84
177.87 202. 32
Price per share, end of mo. (200 stocks) 9 do
189. 95 218. 24
Industrial (125 stocks)
do
91. 50 102. 79
Public ut ility (24 stocks)
do
63.39
78.49
Railroad (25 stocks)
do
T
Revised.
* End of year.
- Animal total.
9 Includes data not shown separately.
(^Number of bonds represent number currently used; the change in
affect the continuity of series.
409. 7 2.321.1 1.081.5
454.3 2. 230. 0 1.071.4
203. 3
353.3
13.9
197. 1
145. 0 1, 546. 4
112.2
4.5
9.6
117. 7
208. 3
55. 5
54.6
30. 5
239.6
131 . 0
20. 2
60. 2
17.0
3.6
127. 8
5.5
22.4
8. 7
102.8
212.2
59.2
61.3
29.9
258.4
133.9
16.7
64.2
16.6
30
131 9
8.7
32. 2
9.6
120. 1
215. 1
56.4
62.1
2v . 8
244. 5
134.9
21.2
62.9
17.5
6.21
6.71
3.07
3.42
4.44
5.80
6.22
6. 73
3.10
3.42
4.44
5. 80
6.24
6.75
3.10
3.42
4.44
5.84
6. 26
6.76
3.16
3.42
4.45
5.84
6. 40
6. 97
3. 16
3.48
4.45
5.84
6.40
6.97
3.21
3.48
4.45
5.84
6.41
6.97
3.21
3.48
4.45
5.84
6.41
6 97
3.23
3.48
4.45
5.86
6.41
6.97
3.30
3.49
4.45
5.86
6.51
7.10
3.30
3. 60
4.45
5.86
191.25
204. 07
102. 52
71.41
185.31
196.71
99.88
70. 90
191. 72
204. 94
101.40
72.32
201.02
216.41
102. 94
77.98
275. 3
316.9
14.6
2.5
125. 2
8.6
49.9
the number does not
O9 9
220.7
355. 5
15.5
233.1
96.0
170. 1 1, 406. 0
110.0
2.8
216. 9
358. 4
15.1
3.2
136. 7
6.2
30.4
10.4
6.80
7.39
3.32
3.60
4.51
5.86
9
14
216
87
62
36
|
9 9
140.1
8. >.
47. 1
12. &
6.91
7. 55
3.34
3.70
4. 55
5. 90
204. 25 198. 62 198.29 907. 81 206. 58 214. 67 211.74 216. 57 299 47 < 225. 21
221.41 214. 45 214. 19 225 11 223. 69 234. 19 228 76 234. 99 241 38 1 246. 19
103. 80 102.10 102.44 107 57 105. 14 102. 53 100 82 102.31 103 69
104. 23
82. 68
82. 42
79.11 78.73 1 80. 68 8106
84. 81
87.99
78.81 82. 73
^Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.
OFor bonds due or callable in 10 years or more.
SURVEY OF CUERENT BUSINESS
March 1964
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1963
Monthly
average
S-21
1964
1963
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Oct.
Sept.
Nov. 1i Dec.
1
Jan.
Feb.
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks— Continued
Dividend yields and earnings, common stocks
(Mooclv's):
Yield (20fl stocks)
.percent-Industrial (125 stocks)
do _
Public utility (24 stocks)
do
Railroad (25 stocks)
do
Rank (15 stocks)
do .__
Insurance (10 stocks)
do
3.37
3.39
3.25
5.30
3.31
2.48
3.17
3.20
3.12
4.46
3.15
2. 51
Earnings per share (indust., qtrly. at ann. rate;
pub. titll. and RR., for 12 mo. ending each qtr.):
i 11.10
Industrial (1?5 stocks)
dollars
24. 73
Public utilitv (94 stocks)
do
2
5 73
? 5. 00
- 6 25
Dividend yields, preferred stocks, 14 high-grade
(Standard & Poor's Corp.).
percent-Prices:
Dow- Jones averages (65 stocks)
Industrial (30 stocks)
Public utilitv (15 stocks)
Railroad (20 stocks)
Standard & Poor's Corporation:^
Industrial, public utilitv, and railroad:
Combined index (500 stocks)
1941-43=10_.
3.25
3.29
2.99
4.79
3.16
2.41
3.36
3.42
3.10
4.82
3.17
2.47
3.25
3.29
3.06
4.73
3.19
2.45
3.11
3.12
3.07
4.39
3.15
2.42
3.13
3. 15
3.04
4.21
3.14
2.50
11 25
4.81
5 85
3.22
3.25
3.14
4.22
3 22
2.55
3.23
3.25
3.13
4.42
3.12
2.54
3.08
3.10
3.00
4.21
3.02
2.48
12 95
4 87
6 58
3.03
3.03
3.22
4.57
3.08
2.52
3.10
3.12
3.14
4.41
3.12
2.57
3.21
3.23
3.29
4.46
3. 25
2 61
3.15
3.15
3.25
1.37
3.17
2.57
11 00
4 91
6 79
3.10
3. 12
3.21
4.33
3.13
2.52
3. 07
3.07
3.20
4.21
3.14
2.48
5 00
6 25
4.50
4.30
4.34
4.27
4.24
4.31
4.29
4.29
4.34
4.30
4.30
4.26
4.28
4.32
4.31
4.31
221. 07
639. 76
121.75
132.61
253. 67
714. 81
138. 36
165. 30
237. 51
672. 10
133. 56
148. 25
241.13
679. 75
135. 86
151.85
239. 67
674. 63
134. 87
151. 72
249. 58
707. 12
137.57
158.36
256. 36
720. 84
140. 30
167. 48
257. 30
719. 14
139. 86
171. 89
252. 72
700. 75
138. 73
170. 62
257. 69
714. 15
142.83
172. 93
262. 53
738. 52
142. 74
172. 71
262. 16
747. 52
138. 68
170. 41
261. 09
743. 24
137. 59
171.16
266. 33
759. 94
137, 77
176. 16
272. 31
776. 62
140. 19
180. 93
276. 74
793 03
140. 09
184 55
62.38
69.86
65.06
65. 92
65. 67
68.76
70.14
70.11
69.07
70.98
72. 85
73.03
72. 62
74.17
76.45
77.39
do
do
_ do
do
do
65. 54
58.15
54.96
59. 16
30.56
73. 39
63. 30
62. 28
64.99
37.58
68.00
59. 19
56. 37
63. 35
34.06
68.91
59.93
57.47
64. 07
34. 59
68. 71
59. 28
57. 55
63. 35
34.60
72.17
62. 07
60. 29
64.64
36. 25
73.60
64. 43
62. 18
65.52
38.37
73.61
64.03
62. 32
64.87
39.34
72.45
61.82
61.41
64.47
38.75
74.43
63.30
63. 45
66. 57
39.22
76.63
64 96
66. 45
67.09
39. 00
77.09
65. 57
67.09
65. 55
38.31
76.69
66 45
66.44
64.81
38.60
78.38
68 54
66. 38
65. 64
39.92
80.85
71. 89
67.36
67 26
41.00
81. 96
72 92
68. 11
67. 20
41. 54
do
do
do
33.75
66.19
36. 75
74.81
63. 38
35.39
70.01
61.71
37.18
73.29
64. 03
35. 86
72.22
62.38
35. 96
74.66
64.18
36.68
75. 65
63.78
37.01
75. 85
62.76
36.87
75.29
62. 58
37. 76
76. 82
63.61
38.33
77.31
64 96
37.04
76. 05
63.79
36. 67
75.24
63 00
36.29
75. 37
63.73
37. 60
77. 39
65 46
37. 06
75. 90
66 19
4,561
139
5.360
153
5, 016
159
4, 298
130
4,019
122
5, 485
160
5,592
169
5,036
149
4, 533
132
5,033
144
6 093
170
6, 156
169
7 649
200
3,945
99
4, 574
113
4, 357
117
3,741
97
3, 485
91
4, 794
121
4.849
126
4,279
107
3, 827
96
4, 215
102
5,161
123
5,943
136
5,082
111
5,154
123
6 149
145
80
96
101
79
75
107
105
91
76
92
107
122
94
99
Shares listed, N.Y. Stock Exchange, end of mo.:
Market value, all listed shares . _bil. $__ 339. 29
Number of shares listed
millions.- 7,464
386. 63
7. 906
363. 22
7, 692
354. 33
7,719
365. 93
7,750
383. 59
7,793
389. 90
7,881
383. 00
7.923
382. 21
7 959
400. 96
7,972
396 24
8, 010
407. 24
8. 029
401 60
8.042
411.32
8. 108
Industrlal, total (425 stocks) 9
Capital goods (123 stocks)
Consumers' goods (193 stocks)
Public utilitv (50 stocks)
.
Railroad (25 stocks)
Banks:
New York Citv (10 stocks) - _
Outside New York City (16 stocks)
Fire and casualty insurance!
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
mil $
Shares sold __ __ _ _
millions..
On New York Stock Exchange:
Market value
_ ..
_ _ _ _ _ _ mil. $__
Shares sold (cleared or settled)
millions..
Exelusive of odd-lot and stopped stock sales
(N.Y. S.E.; sales effected) . millions
r
7, 049
184
r
6 006
149
r
FOREIGN TRADE OF THE UNITED STATES
FOREIGN TRADE
Value
Exports (mdse.), incl. reexports, totallt
Excl. Dept. of Defense shipments t
Seasonally adjusted!
_ __
mil. $_. 1, 806. 0 1. 934. 0 31,010.4 32,097.8 2, 123. 8 2, 057. 6 2, 168. 0 1, 865. 6 1,818.0 1.903.2 1, 823. 5 2. 079. 8 2,104.5 2, 155. 4 p'2,106.5
1. 745. 4 1,857.3 s 960. 1 32,014.3 2, 057. 6 1, 968. 3 2, 074. 6 1, 779. 2 1,713.6 1,810.7 1, 765. 5 2, 023. 0 2, 028. 5 2, 092. 3 ^2,014.0
do
do
By geographic regions: A
Africa
Asia
Australia arid Oceania
Europe.
__
_
do
do
_ do
do
3 984. 8 32,117.5 1,960 4 1,912 7 1, 892. 6 1, 784. 7 1, 823. 0 1, 894. 6 1,979.6 1, 946. 4 1,944.6 2, 049. 4 "2,026.0
81 7
343.7
39.1
542.7
82 4
398.5
43.6
589.5
13.5
184.6
17.7
258.6
98. 5
427.1
48.9
692.1
99.1
469.5
41.9
670.0
96.1
402.6
42.7
630.1
92 2
398'. 4
49.6
659.1
77.2
347.4
44.3
553.6
87.5
394.9
41.7
494. 6
78.6
407.0
42.3
561.3
79.1
380.4
40.7
544.9
79.3
442.6
44.8
658.8
92.6
438.0
55.8
671.6
95.6
489.7
52.7
678.9
319.2
129.5
167.1
342. 7
142.2
152. 6
268.0
91.9
43.8
296. 9
141.9
170.4
316. 4
154.0
177.8
344.0
150.6
180.9
388.4
156.5
191.1
371.0
138.1
146.2
329.8
136.3
141.8
328. 7
140.2
156.2
349. 1
142.9
131.1
405. 9
154. 5
149.9
359.2
152. 6
171.9
3^5 4
147.1
170.5
19.5
18.6
17.5
23.0
2.0
4.3
20.2
29.8
19.4
25.1
30.3
23.3
26.1
20.8
19.8
21.3
15.1
22.6
13.8
23.9
16.0
24.8
16.2
24.5
13.6
26.4
17.7
29. 8
33.4
4.3
55. 7
23.7
36.5
4.4
67.0
32.2
15.5
2.2
22.9
8.3
39.9
4.7
61.0
28.1
35.1
4.6
83.0
38.2
37.7
5.4
66.7
43.0
39.0
4.5
70.9
30.7
38.5
4.7
58.6
22.0
33.5
4.4
70.7
24.1
34.1
4.4
61.8
37.3
32.2
4.6
60.7
35.9
37.7
4.7
72.8
47.8
50.0
3.6
76.5
25.6
45.4
4.6
98.7
45.5
117.8
10.0
22.4
142.0
8.8
26.9
72.1
11.0
11.0
169.3
6.9
27.9
163.0
13.2
35.0
129.3
7.6
26.8
134.1
8.2
29.6
113.6
8.6
21.6
137.2
6.0
25.7
150.3
4.8
26.2
139.4
10.9
24.1
152.8
7.8
35.5
173. 9
12.8
29.9
168.8
7.9
29.3
do
do
do
48.8
.1
89.7
56.5
.5
92.0
32.9
(4)
43.8
67.1
.4
119.5
70.7
.1
111.2
57.6
2
56.6
1.1
90.3
59.0
(4)
88.1
38.3
9o'e
75^8
52.7
(*)
90.9
51.1
(4)
88.5
63.5
.1
98.2
04. 1
1.9
103. 9
64.7
2.3
103. 0
Italy
. .
do
Union of Soviet Socialist Republics. _ _ do
United Kingdom
do
64.0
1.3
89.6
77.5
.8
91.0
84.2
2.1
93.9
82.3
1.8
71.2
70.9
2.8
80.4
80.6
2.2
87.1
68.6
.6
104.3
72.9
3.6
130. 7
74.4
1.6
125. 6
Northern North America
Southern North America
South America
do___
do
do
By leading countries:
Africa:
United Arab Republic (Egypt Reg.)___do
Republic of South Africa
do
Asia; Australia and Oceania:
Australia, including New Guinea
State of Singapore
India
_. __
Pakistan
_
Japan
Republic of Indonesia
Republic of the Philippines
Europe :
France __ __.
East Germany..
West Germany
do
. do
do
do
_ do__ _
do
do
.
73.4
31.7
83.2
73.2
.1
1.7
1.8
.9
47.6
96.7
106.0
107.7
2
1 Quarterly average at annual rate.
For 12 months
r
Revised.
» Preliminary.
ending Dec.
s
Jan. and Feb. data reflect effects of dock strike and its aftermath.
* Less than $50,000.
d"Number of stocks represents number currently used; the change in number does not
ailect continuity of the series.
9 Includes data not shown separately,
t Revised series; former series covered fire insurance only.
80.9
1. 7
114.5
^Includes grant-aid shipments under the Dept. of Defense Military Assistance Program,
as well as economic aid shipments under other programs.
JTlie indicated totals for 1962
and 1963 have been revised to reflect all revisions published with data through Dec. 1963;
the various breakdowns have not been so revised and, therefore, do not add to the appropriate totals.
AExcludes "special category" shipments.
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1963
Monthly
average
March 1964
1964
1963
Jan .
Feb.
Mar.
Apr.
May
June
July
Aug.
Oct.
Sept.
Nov.
Dec.
Jan.
Feb.
FOREIGN TRADE OF THE UNITED STATES—Continued
1
FOREIGN TRADE— Continued
Value— Continued
Exports (mdse.), Incl. reexports— Continued
By leading countries— Continued
North and South America:
Latin American Republics, total 9
Brazil
Chile
Colombia
Cuba
Mexico
Venezuela
i
319.1
342.7
268.0
296.9
316.4
344.0
388.4
371.0
329.8
328.7
349. 1
405.9
359.1
355. 4
do
268.5
262.9
119.5
281.0
295.2
300.7
315.7
255.5
249. 6
264.0
241.1
267.9
286.2
278.5
do
. do
do
do . -- do__ do
31.2
35.4
14.2
18.9
1.1
65.8
39.0
15.7
31.4
13. 5
20 0
3.1
69.0
42.3
3.0
9.6
2.7
4.2
10.0
51.2
15.7
18.3
39.3
16.6
18.3
3.9
63.8
42.4
19.7
40.0
13.4
20.7
.5
69.4
53.3
17.1
57.8
13.2
22.0
7.5
74.0
40.1
24.4
43.6
16.9
24.1
11.2
73.3
51.4
15.0
28.0
15.4
19.5
.1
70.6
39.6
15.6
27.7
14. 2
21.0
3.7
66. 5
34.9
14.4
29.0
14.5
22.6
0)
65. 1
44.1
10.3
20.5
12.6
18.4
0)
70.7
41.2
15.2
21.7
13.0
22.6
0)
78.1
46.5
17.2
30.9
15.1
21.7
0
75.3
48.3
18.8
29.3
14.4
24.6
0)
69.4
49.7
By economic classes:
Crude materials
Crude foodstuffs
Manufactured foodstuffs and beverages
Semimanufacturescf
do
do
do
do
By principal commodities:
Agricultural products, total 9
do
Animal and vegetable oils and fats*
do
Cotton unmanufactured
do __
Fruits, vegetables, and preparations do
Grains and preparations!
_ do
1
T
1
1'
f< >t
p<?A
do
Nonagricultural products, total 9
i
1
I
i
|
i
do
1, 783.6 1,910. 1
991.4 2,074.0
186.2
215. 2
167. 3
189. 9
113.8
124.7
253. 7
273. 7
1,058.8 1. 106. 9
226. 7
102.3
205.0
200 8
272. 8
198.8
281.6 r 284. 9
185.8
182.6
217.7
222.9
71.7
197.7
232. 6
190.0
175.6
227.6
220. 9
235.7
221. 4
181.0
1 58. 8
165.9
68.5
130. 6
131.9
135. 1
157.1
132.
6
139.1
138.9
104.0
112.8
122.2
123.7
294. 9
131.9
290.0
297. 1
285.0
278 6
308.4
259.5
296.9 6
271.9
270. 0
300.2
617. 4 1, 230. 6 1,255.9 1, 206. 1 1,253.7 1,100.5 1,046.8 1.084.2 1,020.4 1 13 4 1 149 9 1,185.1
2. 097.4 2,030.7 2, 142.9 1, 840.8 1,797.1 1,879.2 1,801.8 2,055.6 2, 079. 1 2.131.6
419. 3
465. 8
202.0
498.3
505.3
499.1
505.8
412.7
410.1
408.4
432.9
552. 6
574. 5
588. 1
26.0
44.8
35.8
171. 3
11.8
40. 9
26.6
48.9
192-. 1
12.2
43. 5
12.0
30, 3
28.8
70.3
5. 6
8.4
17. 6
69. 6
34. 8
204. 9
11.8
35. 0
38.2
59.3
37. 7
207. 6
12.8
37.7
36.0
41.3
31.6
232.4
10, 1
35.6
32.8
42.8
38.8
240. 9
11.8
23.4
34. 5
39.0
172. 2
11.4
39.2
25.6
25.9
37.2
179. 7
10.6
35.0
26.4
36.7
33.9
156.3
11.7
44.7
32.1
41.9
37.0
161. 5
13. 0
64.2
28.9
50.9
50.0
211. 2
HI. 4
73. 0
20.7
67.8
40. 0
220. 9
17.3
60. 1
25.4
86.1
37. 4
247.7
13.8
55. 4
, 360. 6 1,444.5
789. 9
yo r
1.582.1 1, 592. 6 1,531.4 1,631.7 1,425.6 1.385.0 1,476.2 1, 368. 5 1.503.3 1, 504. 6 1.543.5
Automobiles, parts, and accessories
Chemicals and rented products^
Coal and related fuels
Iron and s^eel products
do
do
do
do
113.5
149. 5
32. 1
50. 9
Machinerv total§9
do
432. 9
453. 5
237. 5
496. 9
516. 2
490. 5
518. 5
462.0
431.1
445.9
411, 5
462. 7
477.1
491. 8
do
_ _ _ d o _ _.
do
do
13 9
30. 2
105.0
43. 8
207.6
15. 2
35. 2
113. 4
37. 0
216. 5
9.6
16. 1
73. 1
14.0
99. 6
15, 6
35. 0
124.1
49. 5
236.2
18.6
36.2
120. 7
44.2
249.6
19.2
39. 6
119.2
43. 9
235.3
19.3
38.4
126. 2
44. 5
253.4
19.2
38.5
112.0
34 .7
224.1
18.4
33.0
104.3
31.2
211.2
1 6. 6
36. 5
111.7
29.0
212. 8
10.6
31.2
109. 2
34.7
192. 4
11.7
41.1
114. 0
38.2
218. 0
11.4
36. 9
124. 3
37. 5
228. 4
12. i
39. 6
122. 5
42. 3
236. 8
do
do
36. 9
57.3
41. 0
57. 8
24.7
24.0
52. 6
66. 2
41.1
66. 1
46.1
60.3
42.8
62.3
37.1
57.6
43.1
53.3
41.6
57.8
41.0
55.2
41.1
65. 0
39. 4
63. 2
41.9
62.8
1,365.8 1, 429. 3
1,117.0
1.091.6
1,385.9
1,407.4
1,463.0
1,486.7
1 454 °
1,417.2
1,460.0
1,420.2
1,356.5
1,420.5
1,502.6
1,457.5
1,458.3
1,508.3
1,398.5
1,450.4
42.3
214.1
22.1
256. 3
77.6
251. 5
55. 3
393. 0
70.3
265.1
42.4
433.7
67. 4
276 7
31.2
413.6
71.7
266.9
36.3
422.1
54.8
252 5
37.1
362. 4
61.4
283 3
53.2
442.1
66.4
306 9
48.7
371.0
58.3
266 3
53. 0
378.4
74.0
296. 3
48.1
466.1
59.5
265.2
31.6
445.1
71. 0
252. 1
43 °
427.6
304.9
282.7
267.2
319.3
285.3
Northern North America
do
130. 5
136.6
123.1
128.6
131.3
Southern North America
do
204.1
167.0
208. 3
207. 5
234.8
South America
do
Bv leading countries: O
Africa:
2.1
.2
1.0
1. 7
.7
United Arab Republic (Egypt Reg.).._do
21.4
26.8
21.5
11.2
28.0
Republic of South Africa
do
Asia; Australia and Oceania:
16.2
24 .4
41.0
22.0
26.6
Australia including New Guinea _ _ do
1.1
1.2
1.2
1.1
.9
State of Singapore
do
16.6
32.7
21.3
24. 5
25.2
India
-do
2.0
5.2
3.5
3.8
5.4
Pakistan
do
104.4
109.3
113.1
124.8
124.4
Japan
do
7.6
12.7
9.4
8.9
11.2
Republic of Indonesia
do _ .
13.8
25.4
27.3
29.7
25.6
Republic of the Philippines.
..do
Europe:
19.3
35. 7
33.6
33.2
35. 8
France
_ _
do
.1
.2
.3
.3
.8
East German v
do
80.1
77.0
83. 6
61.8
83.6
West Germanv
do
33.0
23.9
37.7
41.
0
46.7
Italy
- do
.4
.7
1.3
1.3
1.6
Union of Soviet Socialist Republics
do
54.0
84.3
83.7
89.9
100.8
United Kingdom
do
North and South America:
267. 1
282.5
304.7
319. 0
285.2
Canada
_
do
282.2
243.6
298. 5
288. 3
324.0
Latin American Republics, total 9
do
13.2
8.8
13. 7
5.9
13.0
Argentina...
do
45.1
52.4
25.4
Brazil
do
46, 9
57.5
15.9
10.1
15.9
11.3
27.7
Chile
-do
22 9
Colombia
do
20. 7
12.0
12.7
14.2
Cuba
.
_ . do
.6
(!)
0)
0)
48.2
Mexico
do
49.5
49.6
56. 9
60.0
82.8
Venezuela
do
78.4
81.3
89.2
85.2
r
Revised.
v Preliminary.
i Less than $50,000.
2 Beginning Jan. 1963, excludes
exports of certain fertilizer materials, coal-tar and synthetic resinous products, chemical
specialties, etc.; in 1962, such exports totaled $52.6 mil.'
9 Includes data not shown separately.
JSee similar note on p. S-21; for exports, see
Jil-:o note "<f" on p. S-21.
cTData for semimanufactures reported as "special category, type 1" are included with
finished manufactures. *New series. Data prior to Sept. 1962 may be obtained from Bu.
of Census report?.
327.3
146. 7
198.1
334.6
145. 1
184. 2
342.4
132.7
174.3
338.6
128.9
196.9
334.8
109.2
224. 8
301.6
102. 6
237.3
354.2
115 6
234. 7
312.0
120. 7
197.5
351. 1
143. 2
243. 0
1.4
13.6
3.2
28.1
3.9
16.8
12
23.3
.5
30.8
1.1
17.8
5.0
18.9
.5
17.4
1. 1
25.8
18.7
1.3
25.2
3.6
127.2
9.3
31.6
17.7
1.5
28.0
5.0
116.6
10.1
27.4
24.1
.7
23.3
3.6
109. 6
9.7
35.0
28.0
.4
26.7
2.9
143.3
8.5
35. 8
31.0
.9
25 6
3.3
145. 6
10.5
44.2
34.3
.9
21.7
3.2
124. 1
8.4
32.4
36.8
.3
25.8
4.0
139.8
9.8
36.9
20.7
.5
~3.7
134.7
9.7
18.0
29.0
.3
21. 0
3. 1
118. 0
8.0
29.9
34.2
.2
91.2
42.6
1.4
84.6
36.9
.2
86.7
40.1
2.9
99.7
36.2
.3
75.1
38.2
1.2
83.3
44.9
.3
92.3
47.0
1.6
100.9
35.8
.2
75.1
46.2
1.8
89.8
31. 5
2
81.' 0
34.7
4.5
83.8
45.5 i
.3
92.1
50.2
1.8
106. 0
42. 0
2
94! 9
46.4
1.2
100.6
327.1
298. 3
11.2
36.0
18.4
334. 3
274.4
15.5
28.9
12.4
21. 4
0)
55.1
77.5
341.9
258.6
8.8
36.3
18.4
12.7
(l)
46.6
75.4
338. 0
274. 3
14.5
43.0
14.5
20.7
0)
39.4
78.4
334. 5
290.2
16.0
42.8
22.3
28.8
0)
39.3
83.6
301. 1
294. 6
17.1
56.7
15.9
35. 0
0)
37.3
67.2
354.0
300. 9
17.6
53 7
14! 6
31.6
0
46. 4
73.0
311.7
269. 3
11.0
6° 9
11.3
17.5
(0
46.6
63.1
Tractors, parts, and accessories
Electrical
MVtal working^
Other industrial
Petroleum and products
Textiles and manufactures
General imports totalJO
By geographic regions: 0
Africa
Asia
Europe
do
do
- -- do ___
do
63.2
247.1
36.6
385. 3
125. 7
2 161.9
40. 2
57. 4
65. 5
2 78. 4
22. 1
21.9
132.4
175.5
20. 9
57.0
129.5
1 78. 6
29.8
60. 3
126.5
161.0
36. 3
58. 7
129.0
179. 0
47. 2
65. 0
119. 1
158.3
42.0
56.0
107.1
163. 1
37.0
61.6
112.7
176. 3
53.8
62. 5
115.3
162. 1
53.3
56. 5
146.1
175.2
50. 5
ItVx 1
169, 9
46.0
60. 6
150, 7
165. 4
64.6
266.4
41.8
400. 9
:
'o
61.6
77.4
64! S
i
1,591.3 1.431.5 1,532.2 1 455. 0
1,458.8 1.471.9 1, 480. 0 1 429 9
99 9
!
37.1
92^2 - ...
43 5
.9
91.6
350. 9
332. 9
20 9
67. 5
14. 0
14.4
0)
55. 6
88. 1
|
1
~J
i
tRevised to include SITC items Classified as "cereals and preparations"; not comparable
with data published in the 1963 BUSINESS STATISTICS and in SURVEY issues prior to Xov
1963,
AManufactures of tobacco are included in the nonagricultural products total.
§Excludes "special category, type 1" exports.
OFor certain recent months, the, data by regions and countries exclude imports unidentified by area of origin. (See also note 3 for p. S-21.)
SURVEY OF CURRENT BUSINESS
10G4
1962
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
Monthly
average
S-23
1963
Jan.
Feb.
Mar.
May
Apr.
June
1964
July
Sept.
Aug.
Nov.
Oct.
Dec.
Jan.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value— Continued
[mports for consumption total J
mil. $.. 1,354.3 1, 417. 8
By economic classes:
278. 5
274.4
Grille materials
- do
143. 8
Crude foodstuffs
-- do.- _ 148.1
149.8
166.6
Manufactured foodstuffs and beverages. -do
300.
9
282.7
Semimanufactures
__do
495.9
533. 0
Finished manufactures
do
By principal commodities:
323.0
334.8
Agricultural products, total 9do
1,139.8
1,363.4
262.3
114.0
94.4
256.2
412.3
269.1
170.8
152. 2
283. 6
491.2
283.1
158.0
159.0
292. 0
526.1
280.2
164.0
152. 7
312.8
547.1
281.0
137.3
162.0
313.2
544.9
266.0
105.0
174.0
293 1
489.5
281 0
1?8 8
184.4
317 9
592.8
315. 3
1^6 9
176.8
314 0
547.2
260. 6
140 3
184.5
285 8
503.7
271. 6
168 7
198.2
326 3
611.8
238.0
153. 3
163. 0
300 4
573. 0
284 5
158 7
197.4
315 0
556. 0
274.3
160 8
133. 5
343 0
561. 7
232.6
374.0
353.0
348.2
322.9
295.6
333. 5
345. 0
346. 5
377.5
319.8
369.4
332. 7
11.3
79.8
16.4
50.9
18.8
7.9
48.7
17.3
17.7
14.4
20.4
88.5
26.3
41.7
28.4
13. 1
83.2
18.0
44. 1
25.1
17.2
90 1
19.1
45 8
19. 7
11.1
71.0
17.8
48.0
18.9
12.1
51 5
12.8
73 0
15.7
75
78 4
13.3
64 3
22.1
8 6
76 7
16.5
61 9
17.2
9 7
89 3
13.5
60 6
12.7
9.4
100 9
15.0
53 4
16.7
7.2
88 8
13.6
31 8
11.9
11 1
90 1
14.0
68 8
22.9
14 4
1,032.0 1, 083. 8
906.6
9.7
47.4
i 10.9
59.4
16.6
32.6
9.7
47.0
9.8
52.7
11.4
56.1
10.7
65.6
9.5
63.7
7.1
75.3
5.7
71.0
10.2
9,6
10.6
9.2
7.1
9.9
10.0
9.4
10.5
14.6
20.8
9.7
16.8
i 21. 6
9.2
12.3
11.5
7.8
11.0
16.3
8.8
10. 3
17 8
9.5
16.0
20 2
9.7
18.2
19 6
12.1
21.6
23 8
10.7
30.1
58.0
147.3
30. 1
57 3
l 150. 2
25. 9
45. 7
186.8
28.0
46. 9
154.9
29.1
44.3
146.6
28.5
59. 8
161.0
28.7
63.2
145.1
62
64
103
130
134
103
132
135
103
198
131
102
103
98
95
123
118
95
128
132
125
95
11.0
82.5
19.0
42.4
17.4
Cocoa (cacao) beans, incl. shells
do
Coffee
- do
Rubber crude (incl. latex and guavule)--do
Bus'ar (cane or beet)
_do
Wool and mohair, unmanufactured
do
Nona°ricultural products total 9
do
Furs and manufactures
-._do_._
Iron and steel prod. (excl. adv. mfs.) — -do
N on ferrous ores, metals, etc.:
Hatixite crude*
do
Aluminum semimfs. (incl. calcined bauxite)*
mil. $ _ _
Copper crude and semimfs *
do
Tin including ore
do
Paper base stocks
"Newsprint
Petroleum and products
Indexes
Exports of U.S. merchandise:
Quantity
Value
Unit value
Imports for consumption:
Quantity
Value
UnH value
__ _
do —
do
do
- .1957-59 =100__
do
do
v 112
P11 5
P103
--
v 122
-
__do._.
do
do
vin
*>95
T 1 '>()
P 123
P 102
_._-
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports) :§
11,°15
S'hinping weight
thous sh. tons
Value
_
mil. $ 1,165.6
General imports:
Shipping weight
thous. sh. tons__ 17.552
983. 6
Value
mil $
Airborne trade:
Exports (incl. reexports) :1
9.1
Shipping weight
thous. sh. tons.
124.0
Value
mil $
General imports:
4.1
Shippin 0 " weight
thous sh tons
59.7
Value
mil. $
1 418 8 1 449 6 1 437 2 1 327 8 1 505 3 1 479 1 1 375 1 1 578 3 1 427 8 1 511 6 1 473 3
993.0 1, 065. 2 1, 108. 7 1, 115. 6 1,032
5,754
405. 5
95
90 3
19.9
1 1 171 4 1,135 1 1 028 4 1 199 1 1 108 0 1 142 2 1 140 5
1
10. 1
59.1
7.9
70.4
6.1
65. 3
26 3
53.9
12. 1
98
88
8 2
9 4
24.0
20 ?
8 5
18.4
28 4
11 1
17.8
i 26 9
6 4
17.0
61
9 2
17.9
°3 3
8 7
17.7
95 i
8§2
39. 1
57. 1
129.7
30.5
62 2
146. 4
147.9
28. 8
58 0
132 6
34. 6
66. 5
147. 3
31. 1
58. 1
136. 0
32 0
68 0
167 5
134
138
103
115
118
103
113
116
109
119
114
116
10"
130
132
10°
131
134
103
P 135
11
137
130
124
95
118
114
97
134
131
31. 9
!
1?1
1 0'>
r>9
9
60. 7
14.4
9f, i
56 8
P 1(V>
r??
96
97
11. 783 11. 231 12 625 15, 128 13 Ofil 13 573 14 846 14 368 15 040
1,353.1 1,381.0 1. 309. 2 1. 390. 4 1 170 6 1,164. 7 1,219 2 1 164 3 1 375.6
15, 572
703.2
15. 773 15. 620 16, 858 18, 277
1,017.5 1, 061 8 1.054 5 1 051 3
18,778
989 6
19, 493 19 996 r 18, 394 19,022
1 116 0 1 089 0 r\ 049 o 1 153 3
11.5
148.9
10.3
148.3
9.8
147 3
9.5
133 6
10.3
142 2
9 4
127 0
9 6
119 8
10 3
190 4
10 2
126 6
11 0
140 4
11 0
131 5
5.8
67.0
4.6
62.6
4 7
60.7
4 1
61.3
4 2
61 1
4 0
58 0
4 5
66 5
4 3
56 8
4 3
67 9
5 4
81 3
5 3
89 8
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Air Carriers
Scheduled domestic trunk carriers:
Financial operations (qtrly. avg. or total):
Operating revenues, total 9
mil. $_. 570.6
Transport, total 9
_ _ _ d o ..__ 566.0
509.8
Passenger
. _ _ __ - ...
do
37.1
Property _.
_
do
14.4
U.S. mail
do
551.5
Operating expenses (incl. depreciation) _ _ _ d o
1.7 _
Net income (after taxes)
do
Operating results:
Miles flown (revenue).
__thous_- 59, 409 63, 830
Express and freight ton-miles flown _ _ _ d o _ _ _ 45, 295 49, 195
13, 575 14, 168
Mall ton-miles
flown
do
3, 990
Passengers originated (revenue)
do
4, 548
Passenger-miles flown (revenue)
mil-- 2, 667
3, 048
Express Operations
Transportation revenues
Express privilege payments
Local Transit Lines
Fares, average cash rate
Passengers carried (revenue)
Operating revenues (qtrlv. avg. or total)
61, 914
43, 715
13, 757
4, 068
2,755
56,488
40, 254
12, 799
3,706
2,453
2 95. 9
2 95. 9
2 2 9 . 2 j 228.6
.mil. $_
_do
cents..
mil_.
mil. $_
Motor Carriers (Intercity)
Carriers of property, class I (qtrly. avg. or total):
Number of reporting carriers
Operating revenues, total
mil. $_.
567.9
563.7
509.6
37.0
14.2
572.
4
d
15. 6
20.1
594
350.8
4
3954
1, 417
20. 5
572
62, 735
46, 423
14, 382
4, 264
2, 855
20.3
580
20.3
535
20.4
575
331.9
i
4
Freicht carried (revenue) _ _ _ _ _
mil. tons.
91 ' . _
r
d
Revised.
p Preliminary.
Deficit.
i Effective Sept. 1903, data reflect
adoption of U.S. Tariff Schedule and are not entirely
2
comparable with earlier figures.
Quarterly average.
3
Number
of carriers filing complete reports for 4th quarter 1962.
< Data for 4th quarter
64, 751
50, 109
14, 249
4,484
2,890
62, 393
46, 919
14, 191
4, 553
2,986
88 4
25 3
r
653 3
648.7
587. 3
41.0
14 2
592 8
27.6 I
632 1
627 9
569 0
39 1
14 7
5776
20 2
66, 502
46, 151
13, 002
4, 648
3,251
67, 333
51, 894
13, 617
5, 151
3,588
93.5
27 8
i
20.4
608
64, 620
47,334
13, 164
4, 966
3, 431
20.4
618
20.4
548
357 0
64, 335
52, 766
13,043
4, 639
3, 119
'
66, 676
57. 797
15, 033
4. 917
3, 165
r
62,455 i 65,758
51, 397 55,581
13, 376 19, 401
4,446 i 4.732
2, 861
3, 221
i
96.3
29 9
20.5
531
20.5
534
i
20. 5
559
330 3
-_-_
__!
20.6
628
20.7
562
i
in^ d
31 3
20.7
589
20. 8
581
Feb.
SURVEY OF CURRENT BUSINESS
S-24
1962
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
Monthly
average
Man-h
1963
Jan.
Feb.
Mar.
Apr.
May
June
19H4
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
1
I
Feb.
TRANSPORTATION AND CO]V1MUNIC ATION S— Continued
TRANSPORTATION— Continued
Motor Carriers (Intercity) — Continued
Freight carried, qtrly. index of volume, class T and
IT (ATA)
average same period 1957-59 = 100 i 120. 3
Carriers of passengers, class I (qtrly. avg. or total):
2
140
Number of reporting carriers
Operatingrevenu.es total
mil. $-_ 131.2
Expenses total
do_ _ _ 111.8
56. 8
Passengers carried (revenue)
mil
Class I Railroads
Freight carloadings (AAR):
Total cars
Coal
Coke
Forest products
Grain and grain products
121 3
thous..
do. _
do
-do
do -
2,394
439
30
158
231
2, 406
461
32
156
234
1,907 '32.563 3 2. 661
402 '3508
M87
3
r337
27
38
3
132 ' 3 1 7 7
186
r 3
3
270
181
273
2, 240
"" 423
33
143
210
2, 389
449
35
148
205
livestock
do
Ore
__do
Merchandise 1 c 1
do
Miscellaneous
- do
Freight carloadings, seas. adj. indexes (Fed. R.):t
Total
1957-59=100 .
Coal
_ _
do
Coke
- - do
Forest products
do_ _ _
Grain and grain products
do
Livestock
do_ __
Ore
-do _
Merchandise 1 c.l -do —
Miscellaneous
do
17
144
97
1,277
14
147
72
1,289
'3H
11
41
'365
70
'
394
1,044 ' 3 1,401
3 77
396
1, 491
13
79
73
1,266
13
185
71
1,284
492
90
81
97
101
67
83
49
94
93
95
89
96
103
52
84
36
95
94
88
84
98
108
59
84
40
97
96
96
94
95
109
58
76
39
98
97
101
106
96
109
54
86
38
98
-
90
87
77
94
91
53
74
43
93
94
91
81
97
108
57
80
41
96
Financial operations
(qtrly. avg. or total):
Operatin 0 revenues total?
mil. $ 2. 360. 0
Freight
d o _ _ _ _ 1.997.7
Passenger
do
1,854.6
323. 9
Tax accruals and rents
do
Net railway onerating income
do
142. 8
Net income (after taxes^
do
Operating results:
Freight carried 1 mile (qtrly )
bil ton-miles
Revenue per ton-mile fqtrly avg )
cents
Passengers carried 1 mile revenue (qtrly ) mil
314
3
? 238 0
1,905.5
141.0
1, 798. 0
314.2
125. 8
81.5
'151.6
1 1. 347
* !4. 940
124 0
125.4
148.7
1. 320
4,253
2,3 971
571
3
43
3
182
3268
2.137
300
30
135
229
3
2,872
3
582
3
34
3
189
3
270
2,307
464
28
147
200
2,518
474
27
155
258
3
2.859
3
561
335
3
183
3
303
1.972
417
29
130
197
2. 045
415
31
136
227
! 3 2. 645
1 3512
i
34i
l
3 196
i 3 267
310
8
212
63
1,161
3
13
3260
3
81
3
1,444
15
205
64
1,185
25
183
65
1,331
325
3157
3
73
3 1, 523
10
55
53
1,081
10
3 if)
^260
3 84
3
1,554
95
100
107
93
99
49
81
36
97
94
100
104
94
86
51
83
36
97
91
99
90
93
97
51
81
34
91
91
97
84
95
101
43
87
34
92
93
94
75
98
112
48
81
33
93
92
94
78
96
105
56
104
31
92
94
90
84
97
109
50
91
33
96
3
9 473 7
2,118.9
150. 9 1
1 883 2
356. 1
234. 4
188 8
? 398 0
2.035.0
lo/. 1
1 . 874. 1
326.8
197. 1
156 1
165 2
1.310
4 695
158 ^
5 i 312
s 5 225
50 !
3 75
51
370
1, 125 | 3 1, 473
97
91
89
99
111
50
89
31
101
!
i
!
,
•
97
89
90
106
104
51
93
31
100
Waterway Traffic
Clearances, vessels in foreign trade:
Total U.S. ports
thous. net tons_. 14, 913
12, 066
Foreign vessels
do
2, 847
United States vessels
do
Panama Canal:
Total
In United States vessels
15, 625
12. 784
2.842
11,109
9,447
1,662
13. 831
11.337
2. 494
14, 583
11,901
2,682
14.929
I 9 067
2 86°
17,463
14,169
3. 294
16, 003
13, 166
2.837
17.087
13. 875
3,212
17, 485
14, 331
3.154
16, 341
13, 486
2,855
16, 531
13, 433
3,098
16. 686
13,618
3, 068
15,454
12. 573
2.881
5. 490
855
5. 454
780
4,118
547
4,876
531
5, 610
744
5. 379
792
5, 721
835
5.460
821
5,924
862
5, 641
837
5.702
1,000
5. 925
968
5. 399
722
5, 691
708
9.35
61
112
9.37
60
109
9.00
59
105
9.26
62
113
8.87
61
116
9.67
63
107
9.09
61
121
9.64
62
110
8.75
54
107
9.60
59
104
9.56
63
107
10. 24
68
109
9.82
58
101
8.90
47
107
195
191
125
103
88
76
' 2. 737 2.779
143
142
100
70
71
551
148
176
89
74
75
692
210
201
113
91
108
928
187
212
121
103
139
1,434
189
200
128
108
149
2, 082
230
341
136
126
128
5,082
295
333
155
131
100
7. 504
391
283
169
140
78
7,705
271
207
173
134
65
3,278
219
186
144
123
56
2,331
174
146
118
103
40
1, 104
158
thous. Ig. tons
do
Travel
Hotels:
Average sale per occupied room
dollars
Rooms occupied
% of total
Restaurant sales index
same mo. 1951=100__
Foreign
travel:
TT S citizens * Arrivals
e d lu e
.
^
-p.
,
~
Passports issued and renewed
National parks, visits
_.
Pullman Co. (qtrly. avg. or total):
Passenger-miles (revenue)
Passenger revenues
thous
,
,
do
. -do
503
10 065
611
10, 397
9. 09 ;
57
105 ;
9. 26
60
109
71 '
686 !
81
790
112
47
661
726
mil..
thous. $.. 12, 076
629
10. 477
792.6
440.0
270.4
468.2
139.6
70.8
845.6
465. 4
289.7
495.7
152.3
73.7
821.1
455. 4
280.6
485.6
143.2
71.0
797.1
452. 5
257.0
465.7
140.9
71.2
830. 3
457.3
285. 1
488.1
145. 7
71.5
836.0
462.2
286. 3
492.4
147.9
71.7
853.4
464.5
299.9
502.9
151.9
71.9
836. 3
463.8
280.5
478.2
155.5
72. 1
849. 5
463. 1
295.1
486.8
164.2
72.3
861. 4
465.6
304.4
495. 1
158.1
72.5
844.2
468.0
283.2
489.8
158. 2
72.9
879.0
477.3
309.1
523. 4
156.1
73.2
856. 8
475.2
286.3
500. 5
155.4
73.4
881.8
480.0
308. 7
539.8
150. 1
73.7
23, 902
21, 094
1,680
22, 890
21,381
dG9
21. 759
20, 123
364
23, 044
20,977
784
23, 479
21,289
873
24, 280
21.867
1,118
23, 516
20, 795
1,543
23, 834
21,264
1,348
24, 964
21,275
2, 590
24. 378
20, 700
2, 597
25,452
21,527
2,983
23, 676
20, 603
2,368
25. 550
21. 324
3.663
3, 065
2, 495
219
3,119
2.605
179
2,873
2, 510
45
3, 053
2, 681
30
3,041
*"l90
3,241
2, 599
305
3,009
2, 468
212
3,201
2,575
245
3. 064
2.627
99
2. 949
2.330
291
3,424
2, 560
509
2,859
2, 186
370
2 950
2.271
156
5,077
3. 882
982
4,813
3, 869
727
4,421
3, 686
549
5, 000
3,724
1,092
4,824
3, 736
871
5,058
3,838
987
4,862
3,736
895
5,117
3, 926
974
3, 034
3.721
1,096
f , 069
3.822
1,015
5,546
4.028
1.333
5,525
4,158
1,195
5, 654
4.339
1. 054
706
12, 159
5,832
613
600
9 288
COMMUNICATIONS
Telephone carriers :
a*, f..
<-
T
"
ue>_ .
e
H
Operating expenses (before taxes)
do
Net operating income
__.
do_ __
Phones in service, end of year or mo
mil-Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues
-- thous. $__ 22,010
20.197
Operating expenses, incl. depreciation
do
582
Net operating revenues
do
Ocean-cable:
3,013
2,542
Operating expenses, incl. depreciation
do
153
Radiotelegraph:
4, 675
Operating revenues
do
' 3. 676
Operating expenses, incl. depreciation
do
'816
r
d
!
2
Quarterly average.
Number of carriers filing complete
Revised.
<* Deficit.
Deficit,
)62.
3 Data cover 5 weeks; other periods, 4 weeks. 4 Based on unadjusted
reports for
1962.
5
^visions ^
for ^^
3d quarter 1962: Revenue per ton-mile, 1.336 cents; passengers
data.
ReviSj.^0
carried 1 mile, 5,756 million.
t Revisions for 1962 are in the Aug. 1963 SURVEY.
9 Includes data not shown separately.
',
'
SURVEY OF CURRENT BUSINESS
M;uvh
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
19G2
| 1963
Monthly
average
S-25
19 64
If 63
Jan.
Feb.
Mar.
Apr.
May
June
Aue.
July
Sept.
Oct.
Dee.
Xov.
.Tun.
Feb.
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
1 ]()7
1, 103
\cetylene
mil.eu.it
1 148
1 067
1 157
1 139
1 19(
1 193
1 1°3
1 145
1 1°6
1 070
1 90S
Ammonia, synthetic anhydrous (commercial)
501.
6
thous. sh. tons.. 484. 1
501.
3
553. 8
571. 4
574.0
598. 0
562. 4
528. 4
528. 4
586. 9
537. 3
548. 5
68.3
Cnrbon dioxide, liquid, gas, and solid
do
85. 3
88.7
78.4
89. 1
108. 5
90. 5
94.8
101. 2
107. 7
•- 80. 5
93. 9
440 3
406. 8
Chlorine, gas (100% Ch)
do
434 1
428 6
454 0
458 6
454 7
453 8
4 69 0
454 4
46°> 0
4r)° °
470 9
(j() 7
qo s^
77. 4
Hydrochloric ;icid (100% 11 Cl)
_ _ _ d o .. 9 87. 7
83. 6
87 3
91 7
88 1
86 0
87 °
85 5
88 4
^8 4
9
341.7
4(V~) q
80 8
370 7
362. 9
335 1
Nitric acid (100% HNOs)
do
371 5
349. 7
338 9
87 8
325 5
336 4
304 0
9. 145 ]] 131 11 303 11 QOQ 11 308 10 6^ 5 10 140 10 439 10 qf)0 10 8(^9
O xrpen (high puritv)
mil cti. ft
8. 661 10 768
9 547
218. 2
Phosphoric acid (100% P2O 5 )
thous. sh. tons.. 203.9
217. 7
260. 2
241.7
257. 5
236. 6
269.1
204.4
229. 5
253.3
238. 6
261.7
Sodium carbonate (soda ash), synthetic (58%
3()0 Q
348. 7
383.9
344. 2
Na2O)
thous sh. tons
390 1
413 2
381 9
419 8
400 0
399 3
375 2
400 0
418 9
10. 7
10. 6
Sodium bichromate and chromate
do _.
11.3
JO 9
10 5
10 9
11 6
11 8
11 5
10 7
8' 9
110
10 9
459. 8
426. 9
Sodium hydroxide (100% NaOH)
do
453.6
474 7
478 1
463 0
474 5
473 6
476 8
472 4
487 9
495 5
497 8
Sodium silicate (soluble silicate glass), anhydrous
44.0
thous. sh. tons..
46.1
40.8
53.3
41.9
48.5
49.3
45.7
42.6
52.0
36.7
45.3
51.0
Sodium sulfates (anhydrous, refined; Glauber's
88.4
99.6
100.7
91.6
salt; crude salt cake)__
__._thous. sh.tons.. 102.6
104.4
107.8
97.6
100.2
102.6
95.4
107.7
106. 5
Sulfuric acid (100% H 2 SO 4 )_
_ _ d o _ _ _ . 1,612.6 1, 709. 8 1,678.5 1,563.4 1,761.4 1,767.8 1,831.3 1, 638. 0 1,563.2 1,644.4 1, 634. 4 1,793.5 1,789.3
Organic chemicals, production:^
Acetic acid (synthetic and natural)
Acetic anhydride
Acetvlsalievlie acid (aspirin) _
Creosote oil
DDT
Ethvl acetate (85%)..
Fthvlene glvcol
Formaldehvde (37% HCHO)
Glycerin, refined, all grades:
Production
Stocks, end of month
Methanol:
Natural
Synthetic
Phthalic anhydride
..
_
ALCOHOL
Ethyl alcohol and spirits:
Production
_
Stocks, end of month
Used for denaturation
Taxable withdrawals
Denatured alcohol:
Production
Consumption (withdrawals) _
Stocks, end of month.
_
mil. lb_.
do
do
mil. gal
82.2
103. 5
2.3
7.6
87.4
105.8
2.4
8.2
87.0
98.7
2.0
7.6
81.6
84.6
2.2
6.7
93.3
106. 9
2.5
7.1
mil.lb
__.do _
do
do
13.9
8.5
119.5
199 8
14.9
9 2
121.0
21'? 7
14.9
6.9
124.4
167.8
15. 6
11.3
116.9
186.9
17.7
8.0
113 8
214 0
do
do
20 8
32.7
24 8
23.8
23.1
32.9
19.8
30.3
.1
28.0
35.6
.1
29.3
39.5
.1
27.0
35.2
r 52. 9
151. 4
'42.4
5.3
57.7
171. 5
44.4
5.3
22.9
23.0
3.9
mil. gal
__ do
mil. Ib
_mil. tax gal...
do
do
do
mil. wine gal
do
do
85.3
103 4
2.4
8 4
98.1
112.9
T
1 216
1 1^4
607. 5
79.2
482 0
614.8
1 • ) Q11
388 0
113
497 3
381 °
9 3
490 9
42.5
41.4
84.7
103 7
2 1
88
72.6
111 6
2 3
9 2
95.4
104 6
9 6
8 6
89. 5
106 1
2 6
81
191 (|
O (\
8 3
83.1
107 0
2 2
7 4
9.7
117 6
211 5
16.4
8.9
116 6
217 3
15 6
10.8
114 0
203 8
17
7
118
190
7
9
0
7
14 8
9 6
197 8
9
18 3
14
8
121
216
14
10
130
234
11 4
7 3
193 1
"6 4
9
()
123
9
20
22 5
29 6
oo Q
27 6
25 9
25 5
25 4
21 5
20 8
25 9
19 1
26 8
15 9
30 °
16 1
.1
26.6
32. 6
.1
26.4
41. 0
1
28 8
39.4
1
29 0
40.0
1
27 6
40.4
1
26 3
35 6
I
31 7
37 1
1
28 7
41 4
I
31 4
45 3
61.0
165. 1
46. 5
5.0
52.2
167. 3
43.2
4.2
53.4
164. 2
43.8
5.3
52.9
163. 3
45. 3
5.3
61.4
164. 7
47.0
5. 7
50.4
170. 7
42.7
5.5
58. 1
175 7
42.8
4 8
49.7
177 2
44 0
5 0
23.9
24.0
3.0
25.0
25.3
3.1
23.2
22.8
3.5
23.6
24.8
2.3
24.5
23.7
3.1
25.3
25.4
3.0
23 0
22.9
3.7
23 1
23.4
3.3
602
67
448
71
718
55
580
59
285
16
213
54
767
92
600
46
523
58
390
57
563
25
493
34
571
80
439
34
636
39
566
23
167
18
20
39
36
205
21
20
70
34
138
26
17
37
20
221
20
27
78
44
201
19
26
88
8
318
33
31
V>5
35
949
18
33
66
66
197
227
308
167
284
490
232
423
259
412
261
505
247
490
271
399
299
239
o
0
9
3
90.9
8 8
99
4
4
4
4
92.3
111 8
2 8
8 9
114
8 8
1" 3
07 0
9
6
90 5
30 0
29 2
oq 1
oo 3
1
85
40 9
1
30 8
39 5
j
oq (j
39 r)
9
7
7
7
8
73. 5
180 3
47 5
7 5
23 8
24 3
2 8
2o o
22 0
2 8
25 6
95 6
2 8
23 6
24 5
2 0
94 5
93 g
720
40
547
76
668
60
513
64
696
43
557
81
1,790
81
1 606
83
701
64
517
88
693
66
'524
66
147
15
13
24
62
1979
i
9
07
19
944
188
Oj)()
13
58
13
232
18
(5
75
46
111
14
98
3!
35
]1
65
3()
216
49
150
290
161
9
58
16°
189
290
256
23°
199
420
237
446
237
428
282
441
61
181
40
5
207. 9
106.3
106. 1
1, 852. 8 1,870.0
87.2
109 7
2 9
9 0
3
7
4
4
466 8
91 9
4(V> Q
414 6
11 744
253. 7
58
169
43
5
7
8
9
8
58
177
45
4
9
3
5
3
33
FERTILIZERS
Exports, total?
Nitrogenous materials
Phosphate materials
Potash materials
thous. sh. tons...
do __
.
do. ..
_.___
do
Imports, total semimanufactures * 9 _
V m m o n i u m nitrate
__ _
^ mmonium sul!';>te
Potassium chloride
_
Sodium nitrate
do
do
do
do
do
Potash deliveries ( K 2 O ) _ _
do
Superphosphate and other phosphatic fertilizers
(100%. P 2 0 5 ):
Production
thous. sh. tons..
Stocks, end of month.
„
do __
-.).)
Of)
91
11
91
270
457
r
r
288
486
313
4 r) r}
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments, quarterly:
-S4
Black b!;isting powder
tiious. Ib . 1 i 300
277,199
High explosives......
.
do
Paints, varnish, and lacquer, factory shipments:
lf>2. 7 2 2101. 0
Tot'il shimuents
mil $
89 8
95. 4
Trade T)roducts
do
2
62 9
66. 2
Industrial finishes
do
S u l f u i , native (Fnsch) and recovered:
490
490
Production
- thous. Ig. tons _
4,836
4.876
Shocks (producers') end of month
do
PLASTICS AND EESIN MATERIALS
Production:
13.2
12.7
Cellulose plastic materials
mil. lb__
Therinosetting resins:
41.0
A l k y d resins
do
46.5
Coumarone-indene and petroleum polymer
27.1
resins
__
mil. Ib
16.8
21 3
Polyester resins
do
57.4
61 0
Phenolic and other tar acid resins
do
39.9
42.2
Urea and melamine resins
do
Thermoplastic resins:
Styrcne-type plastic materials (polystyrene)
104.0
194 3
mil Ib
128 3
Vinyl resins (resin content basis)
do
149 3
Polyethylene
__
__
do
168.0
188.2
i
227
246,522
2 1 29. 0
2
68. 0
261.0
131.5
73. 7
57.8
152.6
504
4, 963
431
4, 941
482
4, 919
89 2
63. 4
182.2
194 3
119 7
74 6
183 3
69. 8
487
4,898
565
4 910
504
4, 955
ir? 4
ir> 4
H2:1,
123
321.379
181 4
113 7
70. 9
490
4 931
322, 968
181 0
114 1
66 9
164 5
98 ^
65 7
175 n
101 9
73 7
142.7
~x 4
64. 3
121 1
476
4 880
473
4 844
491
4 743
484
4, 763
495
4 760
(J9 1
f>9 0
11.3
11.7
13.9
13.2
13.1
13.0
10.9
12.1
12.8
14.0
13.8
12.1
42. 2
39.3
45.0
47.3
51.0
50.0
46.8
47.7
43.3
47.2
r
40. 5
37.7
25.7
18.8
61.2
42.0
20.1
18,4
53. 0
40.5
29.1
22.0
63.3
44.8
24.3
23.1
60. 8
43.4
27.3
23.6
63.4
46.0
21.0
21.4
60.5
42. 6
21.2
19. 6
50.0
35.0
27.0
21.6
63. 0
41.2
25.5
21.2
62.8
4.2.2
30.2
23. 9
69. 6
48. 5
24.9
21.2
62. 0
r
41.5
25.9
20. 4
01.7
38. 0
98.3
134.4
156.3
100.5
129 4
159.5
122.8
144.7
189.3
123.2
147.9
178.5
132. 5
154.8
196. 8
128.1
1 49. 9
187.0
114.3
134 0
189. 8
126. 6
153.7
189. 3
130.1
156. 5
183.3
136.5
168. 3
202. 4
133. 2
160. 5
200. 0
127.8
153. 0
210. 1
T
J
2
Revised.
Quarterly average.
Beginning Jan. 1963, data based on expanded
sample.
cf Data are reported on the basis of 100% content of the specified material unless otherwise
164
315,7S9
r
140 7
76 3
64 4
indicated.
9 Includes data not shown separately.
*New series. Data exclude some materials (chiefly crudes) shown in the former series.
Monthly data prior to Jan. 1963 may be obtained from Bu. of Census reports.
SURVEY OF CUERENT BUSINESS
S-26
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1963
Monthly
average
March
1903
Jan.
Mar.
Feb.
June
May
July
Aug.
Sept.
Oct.
Xov. | Dee.
Feb.
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total O
mil. kw.-hr_.
Electric utilities, total
...do.—
By fuels
do
By waterpower
-do
83, 991
76, 167
62, 379
13, 788
86, 509
78, 835
64, 908
13, 927
77,123
69. 990
57, 323
12, 668
81 . 530
73, 720
58, 455
15,266
78. 273
70. 535
55. 681
14,854
81,756
73,619
58, 102
15,517
83. 665
75, 731
61.756
13,975
88. 703
81,000
66, 827
14, 173
89, 861
81,973
68, 440
13, 533
82. 892
75J 156
63. 144
12, 012
84, 845
76. 712
64. 491
12.222
82, 437
74, 474
61 , 769
12.705
90, 302
82, 260
67, 053
14,607
90, 642
82. 328
67, 834
14, 495
63.181 i 60.837
13.531 j 13.637
66.459
15.802
67. 02!
15, 304
8. 313
8. 019
294
do
-do
13, 301
62, 095
14,073
63, 804
15,031
56. 543
13 '.447
59, 661
14, 059
57, 451
13,0*4
59,937
13,681
62. 045
13, 686
66, 287
14,713
67, 161
14, 812
61,769
13,387
do
do
do
7,597
7.313
''8-1
7, 824
7. 555
270
7, 675
7, 362
313
7. 133
6,842
'?90
7 810
7, 486
324
7 738
7. 424
314
8.138
7, 807
331
7. 935
7. 653
281
7. 703
7,474
229
7. 887
7, 665
222
7. 735
7. 533
202
8,133
7.917
215
7,963
7,722
241
8.042
7,770
272
do
04, 674
69. 234
69, 608
68. 668
67. 920
65, 923
66. 095
67, 803
70. 509
73,018
72, 079
69,516
68,309
71,364
do
do
12.008
31. 160
33,387
32. 856
12,073
31.641
12.018
30, 959
12. 076
31 982
12,052
32 278
12. 352
33,033
13. 503
33.304
14.938
33, 081
15 639
33. 87 1
15. 097
33. 790
13 706
34,279
13.095 14.093
33.463 j 32,503
,__do
do
do
do
do
303
18,808
612
1 . 529
104
389
20, 111
646
1 . 683
133
447
22. 91 4
743
1,694
96
430
>2 756
609
1,739
97
435
2], 050
652
1 . 601
123
378
1 8, 888
604
1 , 600
123
372
18,000
566
1.616
} 49
346
18.304
511
1.647
157
351
19. 752
551
1.673
163
358
20, 090
591
1 . 707
161
348
20. 356
631
1.706
152
373
378 !
452
18 553 IS 793 l 21 630
691
735
773
1,776 ! 1.719 ! 1.716
138 j
126 i
Ins
Privately and municipally owned util
Other producers (publicly owned)..
Industrial establishments, total
p,v fuels
Bv waterpower
S^les to ultimate customers total ("R El)
Commercial and industrial:
Smpll light and power
Large light nnd power
Railways and railroads
..
Residential or domestic
Street and highway lighting
Other public authorities
In terdepartme n tal
78, 624
71, 026
57, 003
14, 024
57, 725
Revenue from sales to ultimate customers (Edison
Flectric Institute)
mil $ 1 085 4 1.141. 4
l
1,158. 0 1 1 150 1 1• '. 1 1 9 5- 1 , 087. 0 1,088.3 1.121,6 1,167.3 1.200.7 1, 187. 8 1J36.2 1.119.0 j l . 161. 7
GAS
Manufactured and mixed gas (quarterly V.cf I
Customers end of Quarter total 9
thous
Residential
do
Industrial ind commercial
do
'•••Ties to consumer*' total 9
Res'dentipl
Tndu^trii 1 and rommercial
1
!
1.839
1.724
1 . 901
1.780
1°0
i
114
i
1 197
1, 114
S3
411
°S5
153 i
014
100
112
56 9 !
4->'3
14.5 !
o,- r
'M 4
33 449
30 fV\x
0
740
33.33!; !
3.) 0X9
30 0°* i
2.671 i
31, 2^6
2. 66-'.
mil. therms... 25, 045
8. -ICO
do
15,3L'l
35 050
"3 <»»U '
19. 504
17 308
6. 924
15 OS?
1 541 3
847. 7
651.0
•>. 430 3
mil therms
do
do
Revenue, from sales to consumers, total 9
mil ^
do
...do
Residential
Industrial and commercial
Natural gas (quarterly) ro^t
R ""c"1 do"i till
Ind'^tri 0 ! ^nd co r nm a rc^al
Sales to consumers, total'?
Redden tin 'I
1,922
] . 800
322
do
do
Revenue from sales to consumers total 9
Industrial and commercial
mil $
do
530
370
157
1
67 3
51.3
15. 7
931
723
->o°
!
ll'> 3
9!i 4
3- 674 |. . 30, OH
2, 024
17 Of '4
16 U
9 0
l
!
"33 4 i
648. 3 -
1.537.4
837. 4 __
!
j
!
'
: .":::|:::::::;!:::;::::
\
i 15 007
|
' l 00° 5
1.417 t> i
I
!
101 7
' -- - - '
561 8
FOOD AND KINDRED PRODUCTS; TOBACCO
j
ALCOHOLIC BEVERAGES
1
Beer:
8 07
Production
mil bhl
7 00
Taxable withdrawals
do
Stocks, end of month
_
do
10. 46
Distilled spirits (total):
Production
- - - -- .mil. tax gal-- 12.90
Consumption, apparent, for beverage purposes
mil. wine gal-- 21. 14
10.27
Taxable withdrawals
mil. tax gal
882. 72
Stocks, end of month
.do
3 60
Whisky:
9.41
Production
mil. tax gal-7. 18
Taxable withdrawals
do ._
859, 13
Stocks, end of month
do
Imports
. _
mil proof gal
3 18
Rectified spirits and wines, production, total
mil. proof gal.Whisky.
...
do
Wines and distilling materials:
Effervescent wines:
Production.-. mil. wine ^ai
Taxable withdrawals
do
Stocks, end of month
do
Imports
do
Still wines:
Production
do
Taxable withdrawals
do
Imports
do
8 39
7 8°
10. 70
12 50
10.34
S76. 90)
3 8'-
8 5°
9 4°
15 99
; 2d. 24 ! 19.98
i 10 70 i 9 -\5
! s83. 931 ; 878. 48
i '5 6 '
3 40
20. 13
10.02
S74. 49
3 35
19.47
11 11
869 81
3 94
14.26
1 4. 34
15 13 i
21.95
10. 18
882. 88
3 47
18. 99
10. 12
SS4. 21
10 82
r> 9H
17.77
8. 09
17.0(!
8 37
SSI. 4 4
9 86
0 S°
9 81 1 9 67 ' 10 83
8 96 •
8 81 ' lo "•>
11.49 i 11. 77 ! 11. 70
14.24
0 flO
10 7~>
703
7 91!
10 19
9 14
8 1°
11.27
0 35
10. 00
22.31
11 !•>
885. 58
3 6''
10 79 '
9 38
9 %
11. 18
7 4°
-, .,-
24
14
867
5
45
57
44
71
6 85
6 73
9 85
• 13 39
'^5
11
805
-
7 31
7 05
^. *;7
7 63 '
6 74
10 0,s
14 l*s
80
36
S7
,j_
30, V»2
s 56
S70 < K i
4 ST
49
38
03
S3
9. 99
5. 91
S 12. 40 -! 3(*
!
I
8.74
7 08
852. 54
3 35
11 74
5. 98
854 33
7.20
5 33
10. 69 ! 7. 00 ' 3.40
7. 10
0. 78 i 5.63
861.64 I 859.77 ! 855.34
3 °1 j 2 90 i
•' 99
5. 06
6. 46
851.80
2 9'?
5. 80
8 (V>
846. 88
3 38
10.13
10 85
843. 02
5 04
7 37 j
5 °3 i
6 ''V3
4 4°
6 73
4 G'?
7 74
5' 68
10 88
8 3ri
54 i
31 i
3 31 ]!
06
-'1
•>•>
:V'>8
Q5
3t)
31
3 29
05
34
39
3 °1
09
OQ
10.47
6. 10
S56. 70
2 53
11. 04
7.05
858. 20
3 04
10.99
6. 69
S60. 36
0
86
7. 24
5 !(>
6. 49
4 51
5. 5S
4 16
7. 01
5 13
7. 10
5 20
7. 72 !
5 60 '
.37
32
2. 79
09
40
35
3 00
09
.33
'-"(i
2. 48
04
4S
19
.47
24
2.96
05
.41
'•>8
3 07
07
39 I
32 !
3 12
09 '
15 78
12.52
r
178. 85
1 08
]6 85
13 11
185.04
1 11
3 85
f)
0
9
r> 78
214. 60
.52
31.27
Distilling materials produced at wineries _.do
5.21
39.37
••Revised.
©Revisions for Jaii.-Oct. 1962 appear on p. 24 of the Mar. 1964 S U R V E Y .
cf The averages shown for gas are quarterly averages.
8 11
0 60
5 75
JO. 43
05
3 41
1° 19
201. 99
.86
2.05
94
14 87
191. 37
1.05
1.95
45
13 04
1.4. 43
1 . 20
•> 30 i
1 s4
13 37 ' 12 77
160. 15 142. 49
1 . 1 1 i 1 00
j •> ol
3 04
i 9 57
12 84
i 134. 11 1 20. 84
J 1 00
8..44
44 1 15.56 1 11.57 !'
45 43
v> 59
155.87
1 07
r
8.
S
S40.
4
S 15
6 i?4
18
14
108 68
1 5' 56
246. 45
1 9'>
•)j 414 07
249. 05
1 47
4 76
13 71
229. 08
1 18
' '.'.'.
0
%
-
-!
4 1^
44
v)
•> 05
15
45
54
3 07
I
8,38
9,
98 I 118.07 i 202.
9,98
202.64
70. 11
64 ! 70.
18.48
^Revised data for 1st and 2d qtrs. of 1962 appear in the Sept. 1963 SURVEY.
9 Includes data not shown separately.
.|
I
I
1
;
i
SURVEY OF CURRENT BUSINESS
1!.K>4
1962
Unless otherwise stated, statistics through 1962
and descriotive notes are shown in the 1963
edition of BUSINESS STATISTICS
| 1963
Monthly
average
S-27
1963
Jan.
Feb.
Mar.
May
Apr.
June
1964
Julv 1 Aug.
1
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS
116.8
328. 4
590
130. 5
310.9
.586
120.7
328.3
. 586
133.7
345. 5
. 586
138.2
356. 7
.587
1 53. 6
377. 0
.586
141.0
114.8
94 7
401.4 ' 392. 6 367 0
.586
.590
.587
84 3
328. 7
. 603
90 6
284. 5
.596
89 6
241.3
.593
109 5
207 0
. 593
I
i
1°6 9 i
r
!87 1
587 i
135.6
93. 8
115.4
75.4
110.1
72.0
130. 0
85. 8
145. 1
103. 1
171.8
126. 9
175.2
130.7
150 .5
111 .7
139 8
99 7
1?7 0
86 6
1" 5
81 6
115
73.
]94 5
78 3
124 2 i
83 3 i
403. 4
385. 0
Stocks cold storage, end of month, total
do
420.4 •• 344. 9
American whole milk
do
6.9
6.5
Imports
do
Price, wholesale, American, single daisies (Chi.
40(1
.
426
cago)
_
-$perlb__
Condensed arid evaporated milk:
Production, case goods: J
0,1
6. 6
Condensed (sweetened)
mil.lb
loo. 8
160.7
Fvaporated (unsweetened)
do
Stocks, manufacturers', case goods, end of mo.:
5.0
6. 6
Condensed (sweetened)
mil, Ib
156. 8
178.4
Fvaporated (unsweetened)
- -do
Exports:
5. 0
4. 0
Condensed (sweetened)
__do _ .
5. 2
5. 5
Evaporated (unsweetened)
do
Price, manufacturers' average selling:
6. 01
6.11
Fvaporated (unsweetened)
$ per case..
Fluid milk:
r
10.
399
10.
502
Production on farms
_
mil.lb.
5. (148
5.216
TTtili/ation in Tiifd dairy productso"
-do
4.
11
.411
Price, wholesale, U.S. average
.$ per 100 lb...
Dry m i l k :
Production:!
6.6
6. fi
Prv whole milk
mil. It)
177.6
185.5
Nonfat drv milk (human food)
do
Stocks, manufacturers', end of month:
6. 3
5.7
l~)rv whole milk
_do
r
12:i 4
95. 0
Nonfat drv milk Chum an food)
do
'Exports:
3. 0
1.1
Drv who'e pp'lk
do
•13. 4
25. 5
Nonfat drv milk (human food) _ _ .. ... do ....
395. 9
358. 5
360. 0
325. 4
343.4
309. 3
9.2
354. 8
317. 2
9.0
384. 3
343 5
7.8
416.0
373. 9
6.6
439 9
394 8
57
390 6
38
407 9
363 9
5 1
378 2
336 9
7 5
303.
323
9 -
340 7
301 6
84
.418
.422
. 424
. 425
.423
.423
.427
.428
.428
.432
. 432
. 432
430
4 0
6 0
13U 0
Butter, creamery:
Production (factory) t
Stocks cold storage, end of month
Price, wholesale, 92-score (N.Y.)
Oheese:
Production (factorv), total J
American whole milk t
_
.mil.lb..
do
_.$ per lb_.
127.9
363. 4
mil.lb _
do___
132.1
91.1
. 594
r
milk (human food)
_
$perlb._
CRA1N AND GRAIN PRODUCTS
Export^ (barlev, corn, oats, rve, wheat)
mil. bu_.
Barley
Production (crop estimate)
-
6 9
146.2
6.9
190. 0
8.2
204.0
7 7
199.6
88
189 0
9 6
171 6
6 9
136 5
r>8 i
4 0
120 9
7 1
131 7
4.9
'119.3
51
93.0
5.3
."9, 7
5.5
93. 4
6.8
141.1
7. 8
194.2
90
223 5
10 4
•VJ9 ()
6°
231 8
199 S
6 5
150 8
58
131 7
5 9
96 8 !
4.1
5.5
7.0
10.7
l)
5
4.5
9 3
33
5 9
10 0
7 9
3 3
.3
3.8
7 0
2 9
;
fi. 03
6.02
6. 00
2. 2
3.2
2.6
4.0
4.6
0. 03
6.03
6.02
10, 065
4. 804
4.24
0. 470
4 598
4.17
8. 7
174.0
8. 0
166.4
r
". I
^ 96. 1
-91.9
3.4
2.2
8.9
6.8
r
r
3.0
8.5
6. 03
6. 6
193.5
54
21 7. 9
6. 00
5. 99
'• 9 557
r 9. 205
3 845
4.47
6°
189 7
5 9
151 9
6 9
121 1
>• 86. 3
r
5.2
98. 5
15.6
24.2
3.7
63. 7
3. 9
r
6 5
115 9
r
6.0
247. 2
124. 1
6.5
* 136. 5
16
51.9
.8
50.6
i 7
48.4
47.9
T
5 5
99 3
4 7
4 r?9
4. 42
6 7
i°3'r>
9 706
4 427
4.41
5 3
64 3
2 t>
39.2
•) Q
41.9
1 6
53. 6
38. 0
82 1
r 5 0
r
r
T
5 3
81 5
. 144
. 144
. 144
. 144
.144
.144
144
144
144
144
. 144
146
96. 9
103. 4
34.4
99. 4
100.8
118.9
133.7
100. 5
98. *>
84 6
92.9
115.6
125. 6
130.7
4.7
1. 26
1.20
1. 19
J. 11
1. 18
1.12
1.18
1.12
1 . 20
1.14
1 9->
1
1.14
i 3. 637 i 4. 081
15. 4
14.3
13. 9
13.6
15.5
15.1
177 3
<; d
80 9 :
146
?',<\). 9
2, 929
1,807
••) -<)<•
1 . 779
35. 5
36. 6
11.9
33.1
3, 037
1 , 99S
1,040
36.5
1.11
1. 08
1.24
1.20
1. 18
1.18
1.19
1.17
1 . 22
1. 16
1
mil. b u _ _ U.020
2 628
2 553
274
] -7
1 16
1.24
1 14
1 14
1 05
15. 6
15.5
16.7
41.3
39.5
2 115
1. 3.S6
7->q
43.1
1.20
1 14
1.23
1 16
1.29
1 25
9 9
9")
0
6
4
5
4 8
i -
1 11
1 0'-*
1 18
1 09
1 22
1 14
1 •>!
1 11
1 )S
1 09
1 IS
1 l<i
1 10 -
1 ()M
16 4
15 3
16.8
16.7
14 4
15 9
35. 6
26.6
3 } ;-;](?
2514
3 801
28.0
33. 5
55. 7
4 353
3,217
1. 137
54 7
1.32
1 °6
1.32
1 °5
1.35
1 °6
1.18
1 19
1. 15
1 16
1. 19
119
4
9
3 974
488
497
426
9
6'?
163
5
3'?9 2
199 91
no
~ 8
:
1.22 !
1 •)() !
1.19
1 1*,
.9
1.5
.71
,73
. 77
946
s 932
3
2.5
1
3 3116.8
67. 6
a 79 3
S 0
53
981
2 620
2 545
2
75
„
Rice:
i 66. 0
Production (crop estimate)
mil bags 9
California mills:
126
Receipts, domestic, rough
..mil. lb..
79
Shipments from mills, milled rice
do
Stocks, rough and cleaned (cleaned basis), end
of month
_ _ _ __ .
mil.lb
97
Southern States mills (Ark., La., Tenn., Tex.):
364
Receipts, rough, from producers
mil. lb_.
255
Shipments from mills, milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis), end of month
mil l b _ _
866
193
Exports
-_
_
do
. 094
Price, wholesale, Nato, No. 9 (N.O.)
$ per lb..
6.00 i
10 066
9 S42
4 S6 ' '
4.34 ; _ _ - ' • 4. 27
9 <)
. 144
4.3
,^2 9
954 ,.-(
s.; ()
159 1
63 0
r 4 %
T
55
130 1
6. 00
r
. 148
k,s
Exports, including oatmeal
_ do
Price, wholesale, No. 2, white (Chicago) f
Sperbu-.
6. 00
r 9 588
4 I7x
4.27
r
7 0
257. 0
233. 8
130. 9
1 02. 9
3.2
do
do
do
6. 00
!0 130
4 958
4. 07
10, 879 '11,196 --12.315 '•11.841 MO. 861
5. 788
5. 308
6. 385
6.541
5 609
4, 05
3. 87
3. 77
3.71
3. 90
>){
3I8 1 '
;-97() 9 |
i- (i
4.5
284. 0
2 1 65. 0
2 1 ib. 9
2
2
r
123. 8
:
mil. buOn farms
do
Off farms
do
Exports, including meal and flour
do
Prices, wholesale:
No. 3, yellow (Chicago)
$ per bti—
Weighted avg., 5 markets, all grades
__do
r
r
5.0
2
Storks (domestic), end of quarter, total
435 2
135.8
i 436. 4
Corn:
Production (crop estimate, grain only) ._m 11. b t i _ _
Orlndings, wet process
do
Stocks (domestic), end of quarter, total
On farms.. .
Off farms
6.4
do _. 2~ 2S4. S
IhO. s
do
2
12-1.0
do
8. 3
do
do
Stocks (domestic), end of quarter, total
On farms
„..
Off farms
Export'' including malt, 5
Prices, wholesale (Minneapolis):
No 2, malting
- _ _ $ per h u _ No 3 straight
do
Oats:
Production (crop estimate)
3.8
192. S
Si'^'j
1 0
6
1 *>
.76
.76
.74
.73
140
154
90
165
140
128
114
83
53
10
f'SX
11'-)
43
16
12
.68
.68
59
66
54
X'"
0
9
.71
.71
.72
. 74
61
271
62
81
70
84
. 75
. 71
70. 1
122
189
85
138
146
45
46
132
165
128
152
128
101
103
90
78
75
]Q9
9QQ
J68
438
152
270
213
218
334
206
290
142
239
60
198
62
234
115
218
836
234
1, 679
332
1.113
357
377
264
295
329
957
219
. 093
1,196
201
. 098
1.015
255
. 098
870
352
.098
729
307
.095
583
932
. 095
388
101
. 095
255
'M5
. 095
570
97
. 090
1 , 340
87
.087
1.235
1.710
• m<j
.088
. 088
1. 592
357
. 088
206 i
S9 !
329
379
-
i
;
1.447 j
i: OKS |
Rye:
1
Production (crop estimate)
mil. bu.. i 40. 8
29. 4
3
Stocks (domestic), end of quarter, total
do
215.0
19.9
15.2
6. 9 -------23. 1
14.8
Price, wholesale, No. 2 (Minneapolis)
$ per bu__
1.30
1.22
1.27 "T25~! 1.23 "T26~ -------1.22
1.42
"T22"
1.45 "~1.~44~
1.42 ~ " i . ~ 4 8 " ! ~ ~ " i . ~ 3 S ~
r
Revised.
* Preliminary.
c?Revised series; data reflect inclusion of creamed cottage cheese and frozen -products
J
2
Crop estimate fo r the year.
Quarterly average.
(formerly excluded). Revisions for 1946 and 1952-58 (former series) and 1958-69 (revised
3
Old crop only; new crop riot reported until beginning of new crop year (July for b:arley,
series) appear on p. 24 of the Mar. 1964 SURVEY.
oats, rye, and wheat; Oct. for corn).
§Excludea a small amount of pearl barley.
tRevisions for Jan. 1961-June 1962 for cheese and nonfat dry milk and those for Jan.--June
tRevised series (for No. 2: formerly, for No. 3).
1962 for butter, condensed and evaporated milk, and dry whole milk are available upon
9 Bags of 100 lb.
request. Revisions for July-Dec. 1962 appear in the Sept. 1963 SURVEY.
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962 | 1963
Monthly
average
March 1004
1963
Jan.
Feb.
Mar.
Apr.
May
1964
July
June
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
FOOD AND KINDRED PRODUCTS; TOBACCO-Continued
I
GRAIN AND GRAIN PRODUCTS— Con.
Wheat:
Production (crop estimate), total
Spring wheat
"Winter wheat
Distribution ''quarterly total)
shocks (domestic) end of quarter total
Off farms
Exports total including
Wheat only
flour
mil. bu_. i 1.094
1273
do.
i 821
do
do _ - 2 316
^o
21,713
2259
21,453
do
__do
49.2
43.0
do
i 1,138
i 233
i 905
2
336
2
2
1,2 564
252
1 31°
311
392
o^
!
'-i°S
3 1.195
1 941
409
1,533
i
j
1,614
309
1, 305
3 95
31 100
59. 9
53. 5
16.0
14.1
58.3
51.5
64.8
55.1
74.0
67.7
83.2
74.5
49.1
39.1
58.7
54. 8
52.1
47.6
57.4
51.5
70.4
61.0
55. 1
68.9
60.0
2.42
2.20
2.33
2.50
2.27
2.47
2.52
2.30
2.47
2.47
2.33
2.45
2.46
2.37
2.44
2.41
2.28
2.38
2.50
2.03
2.18
2.31
2.01
2.12
2.26
2.03
2.19
2.36
2.09
2.29
2.43
2.20
2.37
2.39
2.21
2.34
2.37
2.23
2.31
2.37
2.24
2. 31
21, 991
94.7
22,116
90.9
411
50, 248
20, 700
95.4
382
47,017
22. 296
97.6
410
50, 550
21.570
90.0
398
49, 005
22, 542
64.0
414
51,105
20, 421
93.6
377
46, 520
21, 687
90.4
398
49,215
22, 886
95.3
425
51, 990
21. 409
97.9
400
48. 798
24. 649
98.0
497
56. 105
22, 220
101.6
410
50, 558
21,
399
r
91.8
393
48, 599
23.519
97. 5
433
53, 494
2,686
2, 808
844
2,953
5. 116
4,196
2,713
3,789
4 383
4, 336
1,702
1,937
4, 528
2,570
2, 232
2, 550
4,823
3,878
5.909
5.621
»5. 638
*5. 365
5. 763
5. 483
5. 825
5. 550
5.788
5.517
5.913
5. 767
5. 775
5.533
5. 650
5.233
5.388
4. 967
5.013
4.900
5. 550
5. 283
5. 725
5.467
r
5. 738
r 5. 450
5. 538
5.233
*5. 538
»5. 248
415
1, 695
1, 225
595
378
1.805
1,173
551
431
1, 795
1,150
338
361
1,r 558
952
234
410
1, 694
996
350
373
1,727
1,196
487
330
1, 875
1,061
390
282
1,752
r
997
294
341
1,838
1, 185
342
366
1,900
1,167
468
395
1,829
1, 287
717
462
2, 092
1, 592
1.281
385
1,793
1,283
1,133
400
1,808
1, 20f>
578
r
27.20
24.53
29.75
23. 79
22. 95
30. 00
26. 90
24.53
33. 00
24. 69
23. 89
32. 00
23. 30
23.45
34. 50
23. 51
24. 12
30.00
22. 43
23. 50
31.00
22.54
22.74
28. 00
24. 56
23.19
27.00
24. 47
27.' 50
23.80
22.71
28. 50
23.97
22.38
27. 50
23.38
21. 53
30. 50
22. 16
20. 06
30.50
22. 38
21.17
?31.49
5, 648
1, 650
5, 965
1,646
6,333
1,821
5,665
1,555
6, 559
1,686
6,343
1,797
5,910
1,610
4,880
1,411
4, 995
1, 465
5,174
1, 393
5,868
1,573
6, 775
1,846
6,380
1, 726
6,695
1,874
6, 956
1,828
1,511
16.44
15.03
15.35
14. 85
13.78
13.52
14.73
16.36
17.20
16.60
15.53
15.29
14.39
13.76
14. 22
14.37
16.4
13.6
15.0
14.0
12.9
12.6
13.0
13.8
14.4
13.9
12.7
14.1
13.9
12.6
13.2
1,224
524
224
1,163
444
200
1,317
485
192
1,053
381
84
1, 137
390
98
1,116
396
137
1.062
354
211
972
350
115
1,201
470
122
1,204
4 '42
223
1, 236
601
428
1,441
640
457
1,112
419
213
1,105
406
122
1, 296
394 ""294"
146
19.45
* 15. 57
18. 69
4 17. 46
19. 25
M7.97
18. 50
« 17. 44
18.75
a 17. 46
18.25
-17.50
21; 25
20.00
19.74
16. 50
17. 80
16. 50
16.84
18.75
16.84
18. 25
16. 52
18.88
16.44
19. 38
19. 50
2,151
2. 292
2, 383
2, 062
2, 323
2,323
2,351
2,078
2, 156
2, 187
2, 245
2,582
2,366
2,450
2, G62
557
48
145
637
51
131
GS6
41
96
661
46
122
624
580
38
144
143
523
'r 47
144
542
58
132
Prices, wholesale:
No 1. dark northern spring (Minneapolis)
$ perbu.. 2.48
2.19
NTo. ?. hd. and dk.hd. winter (Kans. City) -do
2.41
Weighted avg., 6 markets, all grades
do
Wheat flour:
Production:
Flour
thous. sacks (100 lh.)_. 21,839
92.4
406
410
Offal
''
"
thous. sh tons_.
Orindlnes of wheat
thous. b u _ _ 49, 613 49, 976
Stocks held bv mills, end of quarter
thous. sacks (100 lh.)__ 2 4, 584 4, 712
Prices, wholesale:
Spring, standard patent (Minneapolis)
$ per lOOlb..
Winter, hard, 95% patent (Kans. City)., -do
315
1.504
195
1,309
2.32
2.23
2, 27
LIVESTOCK
Cattle and calves:
Sinn enter (federally inspected) :
Calves...
thous animals..
Cittle
*-^
Receipts (salable) at 27 public markets
do
Shipments, feeder, to 8 corn-belt States
do
Prices, wholesale:
Beef stoers (Chicaeo)
- $ P^r 100 lb_
Steers stoeker and feeder (Kansas City), .do
Calves, vealers (Natl. Stockyards, 111.). .-do
Slaughter (federally inspected). ...thous animals..
Receipts (salable) at 27 public markets
do__
Prices:
Wholesale, average, all srades (Chicago)
$per!001b._
noe-oorn price ratio (bu. of corn equal in value
t o l O O l b live hog)
_. _ _ .
Sheep and lambs:
Slaughter (federally inspected) thous animals. .
Receipts
(salable) at 27 public markets
do
c
'hjpmonf r feeder to Scorn-belt States
do
Prices, wholesale:
Lambs a voraee (Chicaeo)
SperlOOlb
Lambs, feeder, good and choice (Omaha). do
r
412
2,013
969~
1, 190
525
21. 18
21.57
13.2
21. 12
MEATS AND LARD
Total moats:
Production (carcass weight, leaf lard in), Inspected
I
Stories (excluding lard), cold storage, end of
593
481
502
month
_ - - _ mil. Ib
45
42
20
Exports (moat and meat preparations)!
do
123
109
81
Imports (meat and meat preparations^
do
Boo f and veal:
1,046.6 1,137 4 1.134.8
Production inspected slaughter
do
217 2
163. 5
176.9
S to ck s , cold s tora go , e n d o f mon th
...do..
2.3
2.3
1.9
Exports
do
92. 4
79. 0
56. 9
Imports
do
Prioo, wholesale, beef, fresh, steer carcasses, choice
.417
. 463
.464
(600-700 Ibs.) (New York)
$ per 1 h
Lamb and mutton:
55. 6
57.9
65.8
Production inspected slaughter
mil Ib
19. 5
13.4
14.3
Stocks, cold storage, end of month
do
Pork (includinglard), production, inspected slaughter
mil. Ib
Pork (excluding lard):
Pi'oduotion inspected slaughter
do
Stocks, cold storage, end of month. .
do
Exports
do
Imports
.
do
Prices, wholesale:
TIams, smoked, composite_..$ p e r l b _ _
Fresh loins, 8-12 Ib. average (New York).do
Lard :
Production, inspected slaughter
mil Ib
Stocks, dry and cold storage, end of mo
do
Exports
do
Price, wholesale, refined (Chicago)
r
1
8
4
$ ner Ib
767
653
49
121
]
989. 5 1.0S4.0 1. 100,0 1. 194. 5 .1,112.8 1,156.6 1.187.3 1. 130. 8 1,291.2 1,117.8 i 1.137. 9 1, 292. 8
201.6
J 97. 4
188. 8
246. 1
279. 5
194.0
287. 6
197. 3
208.8
228. 2
199. 9
2.9
2.0
1.9
3.2
2.1
2.4
1.8
2.8
1.7
1.9
62.6
88.2
88.7
105. 0
98.9
78.6
93.1
89. 9
116! 1
120. 1
110. I
.437
.408
.408
. 409
.402
.420
. 422
. 420
.417
.404
53.1
21.0
57. 0
22.8
55. 1
23.7
51. 2
21.4
44.6
19.8
55. 0
19. 9
55. 7
19.8
57.4
18.0
67.3
17.8
52.5
17.2
1,046.5 1,099.0 1, 182.3 1,019.6 1, 182. 5 1,161.9 1,104.9
i
.391
. 398
53.2
18.6
63.9
18.3
r
920.4
944.2
943.5 1,050.6 1,223.4 1, 195. 7 1,259.2 1,305.6
856. 6
279. 6
11.5
17.6
918.0
249.0
7.8
13.5
798.8
275. 4
10.8
20.4
924.7
332. 6
14.1
21.2
901. 1
374.5
10.5
18.7
852. 6
356.3
13.0
19.7
708.0
323. 9
11.5
14.5
731.4
275. 2
8.1
20.0
735. 3
220. 0
6.5
14.3
823.7
210. 4
9.7
14.8
959. 3
210.6
14.4
19.1
939.2
250. 2
15.1
16.2
.491
.475
.464
.443
.480
.456
.468
.426
.443
.396
.431
.380
.440
.407
.458
.470
.478
.495
.488
.498
.465
.478
.463
.461
'.472
.427
.480
.417
P. 458 I
.438
175.3
98.9
35.2
.125
176. 4
123.1
44.8
.122
192.1
148.2
19.1
. 116
161.1
146.2
37.6
.120
186.7
166. 7
40.5
.115
189.2
162. 3
60.2
.114
184.0
147.3
70.1
.113
155.3
136. 3
24. 2
115
155. 0
113.9
52. 4
.118
151.3
88.3
64.8
.125
165. 1
191.3
81.2
75.2
53.2
47.6
.123 ! .131
187.1
92.4
35. 2
198.4
119.4
32.7
.125
209. 4
105. 7
806.0
235. 9
5.3
17.0
6
Revised.
*> Preliminary.
2
Crop estimate for the year.
Quarterly average.
Old crop only; new grain not reported until beginning of new crop5 year (July for wheat).
Average
based on months for which quotations are available.
No quotation.
B
Monthly average based on 11 months (Feb.-Dec.).
° Choice only.
105
623
62
112 '
r. 143
277. 9
.381
""li.'e"
987.4 1,017.1
276.7 r 332. 8
16.5
18.6
P. 197
379.5
.413
'
_
_
J Revised effective Jan. 1961 in accordance with the Standard International Trade Classification (SITC) grouping of items; this grouping excludes lard (included in former export
series) and sausage casings (formerly included) but includes meat extracts, etc. (formerly
excluded).
Data for Jan. 1961-Aug. 1962 are available upon request.
SURVEY OF CURRENT BUSINESS
10U4
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
19R2
1963
Monthly
average
S-29
1%4
19G3
Jan.
Feb.
Mar.
Apr.
May
Jane
July
Aug.
Sept.
Oct.
| Nov.
Dec.
Jan.
Feb.
FOOD AND KINDRED PRODUCTS; TOBACCO— Continued
POULTRY AND EGGS
Poultry:
Slaughter (commercial production)
mil. lb__
Stocks, cold storage (frozen), end of month, total
mil. lb_.
Turkevs
do
Price, in Georgia producing area, live broilers
$ per lb__
Eggs:
Production on farms
mil. cases0__
Stocks, cold storage, end of month:
Shell
thous. easesO..
Fro/en
_mil. lb__
Price, wholesale, extras, large (delivered; Chicago)
$ per doz.-
606
578
538
416
454
502
572
558
642
703
735
833
688
627
'304
'217
300
199
295
184
328
198
291
176
251
153
210
117
185
96
178
89
193
101
256
155
363
251
490
361
426
288
.144
. 138
.138
.153
.147
.145
.140
.135
.140
.135
.129
.128
.137
14.5
U4.6
14.4
13.4
15.8
15.7
15.9
14.8
14.6
14.3
13.7
14.3
186
82
132
73
64
47
29
38
51
38
56
58
200
83
274
103
233
108
206
105
154
95
.334
.343
.354
.370
.346
.299
.280
.289
.321
.337
23.8
.208
23.5
.253
16.6
.230
46.8
.246
29.3
.239
39.5
.255
21.5
.276
23.4
.256
14.4
.245
17.0
.245
557
215
319
18<*
.125
. 139 I
141
14.2
14.7
14.8
14.4
137
80
111
68
67
55
r 44
137
78
39
. 395
.375
.376
.372
.387
19.3
.256
19.3
.276
13.8
.255
21.0
.261
.262
r
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
Imports (incl. shells)
thous. Ig. tons..
Price, wholesale, Accra (New York)
$ per lb_.
CofTee (green):
Inventories (roasters', importers', dealers'), end1
of quarter
thous. bagsd" .- 2 3, 355
2 5, 669
Roastings (green weight), quarterly total do
Imports total
do
From Brazil
do
Price, wholesale, Santos, No. 4 (New York)
$ per lb__
Confectionery, manufacturers' sales
mil. $_.
Fish:
Stocks, cold storage, end of month
mil. lb._
Sugar:
Cuban stocks, raw, end of month
thous. Spanish tons..
United States:
Deliveries and supply (raw basis) :§
Production and receipts:
Production
thous sh tons
Entries from off-shore, total?
do
Hawaii and Puerto Rico
do
Deliveries, total?
do
For domestic consumption
do
Stocks, raw and refined, end of month. do
Exports, raw and refined
sh tons
ImportsRaw sugar, total?
thous. sh. tons..
From Republic of the Philippines
do
Refined sugar, total
do
Prices (New York):
Raw. wholesale
$perlb_.
Refined:
Retail (incl. N.E. New Jersey).. $ per 51b_.
Wholesale (excl. excise tax)
$ per lb_.
Tea, imports
3. 937
5, 704
4,787
6, 306
4,008
5,074
3, 435
5, 357
3,518
6,078
2,041
758
1,991
777
1,241
434
2,238
851
2, 157
858
2.246
655
1,799
547
1,332
520
2,016
850
1,888
745
2 168
909
.344
104
.345
110
.340
114
.338
110
.335
106
.335
94
.333
89
.342
82
.338
74
.335
95
.335
154
180
206
202
175
154
159
171
186
219
230
1, 424
725
"•230
975
1,405
1,690
1, 325
890
690
273
550
166
540
159
351
1, 558
83
149
820
133
90
409
175
56
535
211
113
771
280
72
404
203
821
813
1,599
1,673
745
737
2,101
602
598
2,127
922
918
1,826
886
887
1,622
1, 030
1,027
1,401
595
592
1,542
2.486
949
2 181
1,026
2 143
982
. 353
146
.380
133
.380
••120
.480
130
236
243
249
244
••220
179
550
465
275
175
25
130
625
64
451
246
98
516
179
146
230
98
750
424
150
938
241
94
124
56
807
799
1,504
921
917
1, 273
960
958
1,023
968
967
1,273
.082
639
637
' 1, 920 p2, 468
259
342
291
137
241
465
316
145
486
186
154
209
359
102
25
358
91
14
157
2
5
365
86
15
379
92
6
369
121
5
375
102
14
465
139
16
419
118
8
405
134
5
379
101
3
42
351
' 90
19
.065
.081
.067
.068
.069
.083
.109
.092
.077
.065
.073
.092
.095
.084
. 095
.575
.093
.586
.093
.591
.095
.597
.100
.639
.127
.833
.139
.803
.121
.753
.108
.681
.099
.675
.114
.750
.127
.771
.122
.769
. 125
10, 590
7,275
12, 202
14, 808
12, 276
12,285
7,155
9,493
7,717
11,011
13, 439
10, 571
8, 851
224.0
211.1
211.2
207.0
198.7
186.2
216. 6
210.7
186.7
211.4
214.5
258.1
228.8
203. 0
207. 1
173.5
132.3
180.7
171.4
167.2
147.7
130. 0
132.0
115.5
112.0
103.7
103. 4
104.2
119. 3
114.2
187.5
177.0
183. 2
1/5 6
145. 1
137.5
1S1.4 :
.569
.089 ""III"
thous. lb__ 10, 808
Baking or frying fats (incl. shortening):
Production
mil Ib
Stocks (producers' and warehouse), end of month
mil. lb_Salad or cooking oils:
Production
_,
do
Stocks (producers' and warehouse), end of month
mil. lb__
Margarine:
Production
do
Stocks (producers' and warehouse), end of month
mil. lh_Price, wholesale (colored; mfr. to wholesaler or
large retailer; delivered). ___
$ per Ib
2
2
.232
1,127
352
214
9
19
423
94
14
211.0
191.0
176.6
205.0
225. 2
182.0
188.7
195. 7
197.2
190.5
183. 9
245.0
248.7
325.0
281. 5
220.5
273.3
262. 1
307.1
292. 5
258.2
210. 2
()
160.0
143.8
145. 4
173.9
148.0
141.0
132.4
140. 3
125.9
125.2
136.7
148.6
161.3
147. 9
163. 1
39.0
45.8
49.0
52.4
59.4
52. 2
46.4
46. 2
40.8
41.7
40.8
44.1
40. 8
36. 4
41.4 1
. 256
p. 238
.238
.238
.238
.238
.238
.238
.238
°38
. 238
.238
238
•'3K
P ''38 ••
35.8
30.7
41.4
33. 6
38.5
26.0
42.5
28.3
41.1
29.7
39.3
30.6
40.1
37.6
41.3
36.5
38.7
35. 9
45. 4
39. 5
39. 7
35. 9
42. 5 ;
36.5 |
42. 8 :
37. 7 !
38. 5
28.8
41.3
30.2
29.0 i
4
FATS, OILS, AND RELATED PRODUCTS
Animal and fish fats: A
Tallow, edible:
Production (quantities rendered)
mil. ib_.
Consumption in end products
do
Stocks (factory and warehouse), end of month
mi]. ]bTal!ow and grease (except wool), inedible:
Production (quantities rendered)
do
Consumption in end pronucts
_ _ do
Stocks (factory and warehouse), end of month
mil. l b _ _
Jbisli and marine mammal oils:
Production!
do
Consumption in end products
do
Stocks /factory and warehouse), end of month
mil. lb--
25. 7
41.3
37.7
43.3
46.9
50.0
53.5
49.1
47.4
39. 1
33. 9
29.8
287. 8
150. 6
317.2
150.7
305. 9
161. 8
291.0
151.1
307.7
146, 4
308,, 9
151. 0
338. 8
169.3
312.3
149. 0
309. 2
127. 4
330. 5
157. 5
304. 5
145. 6
o50. 3
167.0 1
384. 7
385. 9
475. 0
430. 0
434. 3
427.4
379. 0
336. 1
349. 3
354.6
333.6
353. 0 ! 372. 8
21.3
8.2
15.3
7.4
.4
8.3
.3
7.4
.4
7.0
6.1
7. 5
34.4
7.2
28.0
7.6
29. 4
8.4
106. 5
H4.0
163. 5 s 156. 0
166.3
Revised. " Preliminary. l Beginning Jan. 19f' 3, in dud os data f >r Alask }• and 11 j. \vaii.
3
Quarterly average.
Effective Sept. 1903, in •hides Si nail a me unts of refined s ugar,
t i n c t u r e d colored or ndnltornt.pd
4 Xnt n v n l - i l i I n
55 TBeginning March 1
QA'-i includes
ini
1963,
(*encra! Services Administration stocky no longer required for the strategic stockpile; not
comparable with earlier data.
s includes a significant amount described as'"contaminated."
« Dec. 1902 figure should read 200 thous. tons.
122.1
T
2
34. 2
7.0 j
19. 8
7.0
14.2
8.1 |
35.6
35.7
327, 3 ! r 319. 9
140. 1 i ML 8
363.3
loo. 9
-r ;>K6. 2
402.1
"-G. 1
6.5
.4
li. 5
10.0
7. 2
184.7
158. 4
1 65. 0
176.5 '< 181.5
159.0 ! M97.1 ! r 2 168. 4 •3 152.3 ' . . . _ . .
OC isas of 30 dozen.
cfBa.cr * of 132.276 Ib.
9 IT eludes d itanot s lown sep arately; sec alson ote'T.
§ Monthly da ta reflect cumula-
+ ifT>
n
SURVEY OF CURRENT BUSINESS
S-30
1962 11 1963
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
Monthly
average
19 53
Jan.
Fob.
Mar,
May
Apr.
June
190 1
July
Aug.
Sept. i Oct.
Nov.
Dec.
Jan, ! Feb.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
j
|
FATS, OILS, AND RELATED
PRODUCTS— Continued
Vegetable oils and related products:
Coconut oil:
Production:
Crude
.
mil. lb.- i 35. 8
Refined
_
_
do
44.3
Consumption in end products
do
57 5
Stocks, crude and refined (factory and ware-house), end of month
mil. lb_. 243.4
22. 1
Imports
do
C o r n oil:
Production:
30.4
Crude
_. do
29 3
Refined
do
Consumption in end products^
do
1 26.8
Stocks, crude and refined (factory and ware49. 1
house), end of month]:
' _ _ mil Ib
Cottonseed cake and meal:
Production.
thous. sh. tons..
Stocks (at oil mills) , end of month
. do
Cottonseed oil:
Production:
Crude
mil 11)
Refined
do
j
Consumption in end products
do
Stocks, crude and refined (factory and warehouse), end of month
. mil Ib
Exports (crude and refined)*
do
Price, wholesale (drums; N.Y.)
.$ perlb..
Linseed oil:
Production, crude (raw)
mil. lb_.
Consumption in end products
do
Stocks, crude and refined (factory and warehouse), end of month
. mil Ib .
Price, wholesale (Minneapolis)
$ per lb_.
Soybean cake and meal:
Production
thous sh tons
Stocks (at oil mills), end of month $
do
Soybean oil:
Production:
Crude
mil Ib
Refined
_ _
_____
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse), end of month t
mil. l b _ .
E\po r ts (crude and refined^*
do
Price, wholesale (refined ; N.Y.)
$ per lb_Loaf:
j
38.7
42.4
54 8
23.4
42. 3
54.0
21.0
45. 0
59. 6
24. 7
46. 2
61.0
22. 4
54. 1
66.5
23.3
49.9
62. 2
34. 5
46.1
57.0
26. 3
50. 1
65. 0
31.3
45.3
60. 7
33. 5
47.1
67.8
39.4
44.5
57. 0
29.8
41. 5
59. 3
240. 5
45.3
254. 9
37.7
255.3
40. 2
241.5
30.0
233.2
31.1
210. 9
20. 0
227.9
38.7
215. 3
46.2
225. 0
35.3
219.5
39.4
209. 3
7.8
195. 9
190.6
31.0
30.0
24.1
27.3
30.9
27.4
33.1
30. 0
26. 9
31.8 \
28. 1 i
26.6 i
32.8
30.5
26.5
33. 5
29. 0
24 8
34. 1
30. 1
23. 3
34. 8
26. 8
28.9
31.9
31.5
29 5
34.7
30. 0
31.6
34.6
32.2
30. 9
34. 2
32.2
32.7
2ao
49.3
46. 1
48. 6
54. 9
:
56.2
59.8
63. 1
61.6
63. 1
62.9
67.4
64.8
62.4
29. 0
46. 2
60. 4
32. 5
30.3
27. 5
30.0 1
41.2
58.0
.. ._
.
30.1 ;
33.3 |
_.
222 5
118.1
223.3
170.9
322. 1
105.2
292. 1
122. 6
254. 7
148. 8
194.2
197.7
135.2
216.6
86. 6
210. 8
71.3
187.3
101.0
154.8
224. 1
159. 2
343. 1
167.4
351. 0
192. 2
' 304. 8
'187.9
32ti.5 :
207.5 |
161 5
132.4
108.8
15S 2
131. 1
95.6
228. 3
171.4
104. 3
206 3
162. 7
96.1
182. 6
105. I
98.0
139 0
98 4
147.7 ! 125.4
89.2 i
91. 8
6-> o
80. 0
95. 4
51 2
52. 3
83.3
70 5
57. 4
88. 5
156 7
98. 9
241. 3
166. 1
107. 2
249.4
174.2
98.9
"•212.3
171.9
101. 7
231 4 i
158.2 1
95,2 j .
419. 6
30. 9
.167
598. 4
30. 3
.153
610. 3
17.3
. 153
671.2
20. 2
. 151
699 "
63. 3
. 153
074. S ; 619. 1
29. 8 ' 58. 2
.151
.155
501.5
16. 2
. 1 54
513.7
16.0
. 100
465. 6
23.7
. 150
487. 5
554. 7
25. 2
637. 4
31.0
. 161
r
685. 6
40.8
. 146
726.3
31.8
31.5
33 3
32.0
39. 1
28.6
30. 9
28. 0
36. 6
30. 8
35.2
35. 0
38.0
35.4
39. 8
35. 5
8.1
36. 5
25. 9
35. 1
37.4
32. 6
41.1
31.8
34.9
28.2
32. 1
26. 4
35. 3
28.0
111.8
.142
116.7
130.9
.127
132. 4
.127
133.7
. 127
134.3
.127
129.2
. 127
130.7
.127
99. 3
92.5
.125
QO 0
103.9
.127
109.4
.128
111.8
. 129
123.1
p. 133 I . . .
807. 8
86.5
900. 1
124.4
987. 2
99. 3
893. 3
960. 0
123. 3
823.3 li 945.6
96. 0
102. 7
899. 7
134.8
878. 7
113. 3
901.0
139. 4
736.9
139.1
944. 4
142. 2
918. 7
164. 2
912. 0
159. 5
842.0
152.4
407. 4
338. 9
340.7
421.1
334. 1
318.3
456. 2
348. 8
328. 0
413. 1
315.0
326. 5
451. 5
362. 6
341. 6
3 SO. 1
338. 3
290. 6
443.7
316 7
315 8
422. 2
33'1 5
31 '7. s
413. 6
295. 4
302. 7
426 9
336. 1
3u3.9
345. 9
340.0
320. o
442. 1
361.5
3i8.9
426. 2
3.U. 6
317. 3
425. 4
329.2
316. 1
388.6 ' .
351.2
336.6
803. 9
101.1
.133
- 865. 2
92.0
. 133
703. 6
49. 4
. 134
822. 0
812.1
153. 4
. 135
788. 1
17" 4
.132
832 <*
95.5
. 135
87^ 2
921. 2
81.2
. 132
923. 1
87.0
. 124
919.8
112.7
.133
898.9
42.1
•-.141
987. 9
57. 3
989.9 ..
r
1 . 33
. 134
•m
Tl51
! 123
(3)
99. 6
. 133
r
P. 142
..._
_._
j
.-.
.
P. I'M
TOBACCO
4
Stocks, dealers'
and manufacturers', end of quarter toti1
mil Ib
E.vports, incl. scrap and sterns
thous. lb_.
Tmports, incl. scrap and stems _
.do
Manufactured:
Production (smoking, chewing, snuff)
do
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt...
millions..
Taxable
do
Cigars (large), taxable
do
Manufactured tobacco, taxable
thous. l b _ .
Lxports, cigarettes
millions..
2 314
4 0 ')--)
M,696
39, 073
13,951
M.927
42. 179
13.983
6, 484
15,172
5, 068
30,926 1 36,027
13, 834 13, 492
14, 066
13. 968
14, 236
13, 093
3. 422
41,205
530
13,770
2,007
3,424
42,466
547
13. 717
1,968
2,417
43, 467
494
13, 903
581
3, 338
37, 909
452
12, 503
2, 148
5,245
~59/29T 56,370
14, 737 12, 553
33.135 ! 28,335
13,209 ! 14,547
4, 645
40, 949
13, 458
33.215
14, 857
40. 033
14, 231
4.749
64, 827
11,905
-ii-iS15,802
13,285
14,430
14.792
13. 800
12, 570
15, 019
14, 759
16, 604
13, 017
11.947
15,068 !
3. 428
39, 555
475
12.942
2, 043
3, 483
4, 107
42, 271 48, 248
554
644
14,139 i 14,708
2,044 i 2,635
3 266
41,5ri2
509
13, 071
1,929
3, 347
42.414
566
13,012
1,990
3,867
47, 006
606
14, 810
2,448
3.173
42. 399
555
14. 382
1.656
3.740
46. 740
652
15. 838
3. 561
41, 272
648
12. 858
2, 047
3. 360
36, 684
407
12.440
1,964
3,340 !
40,980
594
14,803 '
i -- 124
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value, total9
thous. $_.
Calf and kip skins
thous. skins_.
Cattle hides
thous. hides..
Imports:
Value,total?.thous. $__
Sheep and lamb skins
thous. pieces..
Goat and kid skins
do
Prices, wholesale (f.o.b. shipping
point):
Calfskins, packer, heavy, 91/3/151b
-.$perlb_.
ITides, steer, heavy, native, over 53 Ib
do
i, 909
171
593
6,215
155
664
3, 961
7,104
39
190
382 !
625
7, 677
161
734
5, 501
175
529
6.799
155
701
5, 249
139
539
5,726
117
622
,609
147
756
5,861
136
661
7,124
190
919
?, 256
206
843
5,711
203
659
>, 539
!,290
,198
5,252
2.192
1,231
2,217 i 6,153
361
2,546
590
1,782
7, 645
4.925
1,097
6, 220
2, 992
1,429
7, 020
3,132
1,515
4,887
1.608
1,127
6,692
3,709
1,275
4,948
,809
,723 61.923
1,211
,346
4, 320
1, 249
1, 250
*, 905
781
L, 000
4, 212
1.361
1,150
.623
. 152
v. 365
p. Ill
. 500
.133
LEATHER
Production :
515
498
466
458
418
Calf and whole, kip.
thous. skins..
1,722
1,772
Cattle hide and side kip
thous. hides arid kips_. 1,877 ' 1,804 1,860
1, 111 1,176
1,176
1,395
Goat and kid
thous. skins.. 1.184
2,714
2,923
2, 527 2,864
2,675
Sheep and lamb..
do
Exports:
5.777
4. 628 3,221
5, 507
Glove and garment leather.,
thous. sq. ft._ 3,502
3, 633
1,042
3,865
3,019 3,423
Upper and lining leather
do
Prices, wholesale:
.697
.697
Sole, bends, light, f.o.b. tannery
$ per l b _ _ p. 711
U"pper, chrome calf, B and C grades, f.o.b. tan1.158
1.197
1.152 1
nery
$ per sq. f t _ . '1.326
r
Revised.
*>
Preliminary.
1
Average based on3 reported annual total.
- Average based on months for which
data4 are available.
Not available.
5
Crop
estimate
for
the
year.
Quarterly
average.
6
Effective Sept. 1963, excludes small quantities formerly included.
7 Includes revisions not distributed by months.
^Revisions for 1962 appear in the Sept. 1963 S U R V E Y .
.375
.118
.475
.110
462
1,798
1.191
2, 772
492
1,947
1,269
3,122
4.174
2,773
4, 436
4, 026
.693
.693
.350
. 108
483
1, 769
1.366
3,007
.687
.350
.113
.350
.108
. 300
.103
.275
.110
.300
.110
.325
.090
424
1.593
1.141
2.367
485
1.801
862
3, 234
403
1. 769
1.064
2,833
532
2.031
1 242
3,128
'453
1, 793
1,119
2, 9G6
471
1,809
1,175
2,693
5, 548
3,860
4.252
2, 955
5,493
4,436
4,763
3, 984
4. 863
4, 968
.657
.657
.687
. 660
.657
5, 200
-•>. 650
_
i
1.133 1 1.097 1.103
1.170
1.137 f 1.145 i.
1.140
1.173
1.173
1.177
*New series. Data prior to Sept. 1962 may be obtained from Bureau of Census reports.
§ Monthly averages for 1951-56, published in 1963 edition of BUSINESS STATISTICS,
should read a*s follows (thous. sh. tons): 1951-56, respectively—95.3; 60.1; 119.1; 127.4; 78.7;
138.5. Corresponding data in 1961 edition of BUSINESS STATISTICS should read (mil.
Ib.): 1951-56, respectively—190.6; 120.3; 238.2; 254.9; 157.3; 276.9.
9 Includes data for items not shown separately.
SURVEY OF CURRENT BUSINESS
Mnivh 1MC4
1962
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
11)64
19 63
| 1963
Monthly
average
S-31
Jan .
Feb.
Mar.
Apr.
May
Juno
July | Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
LEATHER AND PRODUCTS—Con tinned
LEATHER MANUFACTURES
Shoes and. slippers:
Product ion , total J
thous . pa irs. . 49,R03
Shoes, sandals, and plav shoes, except athletic
42 033
thous pairs
6 003
Slippers for house wear
do
5x3
UKietie
do ._
58}
Oth'^r footwear
do
Fxporl^
do
Prices, wholesale, f.o.b. factory:
Men's arid bovs' oxfords, dress, elk or side
upper Goodyear welt
1957-59 ~ 100
Women's oxfords, elk side upper, Goodyear
welt
1957-59 — 100
"Women's pumps low-medium Qnalitv do
49, 284
52,413
49.700
51 , 983
49, 307
48, 863
44.635
44, 848
55, 670
50, 132
53, 808
44.671
45, 258
42 157
5, 91 8
502
707
47. 53^ 44. S64
4. 004 ! 3. 995
456 '
528
415 !
373
40 0''6
4. 989
50",
463
43, 2')1
5 OM
'612
120
41.915
5. 855
660
433
37, 997
5. 401
558
679
38.430
5, 368
40. 486
8. 087
486
1. 073
42. 781
9.212
500
1. 313
35 992
673
46,686
7 526
495
903
438
884
39, 932
4,109
412
805
214
233
101
1 00
145
136
182
190
''05
208
132
170
73
105 6
105 1
i
105 1 '•
105. 1
105. 1
105.1
105. 1
105. 1
105 1
105 1
105. 1
105. 1
105. 1
1 05. 1
105 1
107. 8
111. 2
100 5
110. 7
100 "
110.9
106.5
H0.6
106.5
111.0
106.5
109. 9
106. 5
110.2
1 06. 5
110. 0
1 06. 5
111. 1
106 5
111.3
106. 5
111.1
100. 5
111.3
106. 5
110. 6
106.5
110-9
106 5
111.2
LUMBER AND MANUFACTURES
LUMBER— ALL TYPES
j
!
National Lumber Manufacturers Association:^
Production total
mil bd ft
TT afrd wood s
d o _ __
So t'voods
do
i
'? 76-1 ! '> 88°
530 i
581
'? 031 i 9 Qni
-) 551 i
52»'»
2. 663
541
') j 90
2.878 ! 2.935
581
62!')
9 997
9 309
3, 145
3,121 !
013 j
0
508 i
2,835
619
° ->1ii
9
588
557
3,115
009
9 5()j;
3,244
2.798
617 j
'600
2, 701
501
9 r,97
9 1UV
2. 559
501
9 1*9
9 0 tfa
9 9 0()
9 579
2,743
554
2 067
9 $93
600
2,223
9 QI;Q
594
2, 375
3 °35
581
2. 654
•> 9°3
564
2, 359
2 (*3l)U
5 0
2, 419
3 100
567
2, 533
'> 903
562
2,311
3 n.rvi
592
2, 402
9 7fi7
579
2.128
516
2, 063
0
080
514
2. 172
6, 580
1 755
4. 825
6, 603
1 7°3
4. 880
6, 658
1.702
4, 956
6. 679
1.736
4.913
6, 508
1.771
4. 737
6.419
1.830
4. 5S9
6.243
1,866
4. 377
6,312
1,887
4, 425
6,454
1.914
4, 540
6, 493
1,904
4,529
6. 555
1 . 9S7
4.568
0. 541
1,971
4. 570
6. 592
1.957
4. 035
73
58
252
61
410
71
423
63
425
83
403
fiO
516
77
616
76
575
84
82
84
680
490
679
538
678
566
623
609
637
508
724
577
759
542
664
554
609
521
618
450
719
491
800
5'?()
649
5°8
605
r
> 55
842
671
665
673
991
671
676
969
665
619
983
651
580
1.054
705
678
1,082
732
716
1,098
595
651
974
542
643
882
692
689
894
700
745
793
1,031
925
878
666
641
923
638
659
903
761
706
982
26
Exports, total sawmill oroducts
do
Sawed timber
_
do
10
17
Hoards, planks, scantlings, etc. _ _ _
do__.
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
78. 65
$perMbd.ft
Flooring, C and better, F. O., I" \ 4", R. L.
$ per M bd. ft.. 122.52
Southern pine:
478
Orders nwv
mil bd ft
Orders unfilled, end of month
do
31
.12
19
25
9
17
24
9
15
32
14
19
32
11
21
35
11
24
22
*8
14
30
9
21
31
11
21
26
10
16
34
37
14
23
37
MS
19
79. 92
77. 82
78.24
78. 13
78. 67
79. 86
80. 84
86. 00
85. 90
79. 86
77. 96
134. 22
127.42
129. 12
130.05
130. 51
131.74
331.74
136.04
138. 45
130. 72
137. 67
139. 77
491
280
437
'M3
403
250
483
276
553
318
543
309
496
312
541
305
523
279
486
269
562
279
483
264
379
256
447
259
478
475
484
488
451
419
426
396
400
457
489
511
531
478
493
511
548
518
549
503
490
545
484
498
411
387
475
444
1 366
6, 325
1,571
4 754
1 , 380
6. 408
1,450
7,614
761
6, 853
1,453
6. 075
655
5, 420
1.431
5, 174
907
4, 267
1,410
9. 761
1,4' 12
8, 359
,,;*«
5, 334
534
4, 800
1 , 358
5. 920
987
4, 939
1,327
7,174
675
6, 499
1. 334
4. 608
397
4, 211
1 3^7
7, 676
833
6, 843
1.313
8. 210
1.225
6. 985
1.337
7, 955
1,300
6. 655
1.368
,£;'
"
1 . 420
1 , 393
305
1,088
Shipp'ents total
Hardwoods
Softwoods
do
do _
do
Stocks (gross), mill, end of month, total— _do
TT'irdnoods
do
Softwoods
do
Exports total sawmill products
Imports total sawmill products
SOFTWOODS^
Douglas fir;
Orders new
_.
Orders unfil'ed end of month
do _
do
mil bd. ft
do
Production
Shipments .
_ . _.
_
Stocks (gross), mill, end of month
do
do__
do_._
Production
_
do
Shipments
do
Stocks (gross), mill and concentration yards, end
of month
m'l bd ft
Exports, total sawmill products
M bd. ft_.
Sawed timber
do
Boards planks scantlings et p
do
Prices, wholesale, ("indexes):
Boards, No. 2 and better, 1" x 6", R. L.
1 957-59-1 00. _
Flooring, B and better, F. O., 1" x 4", S. L.
1957-59-100..
Western piner
Orders, now
mil bd ft
Orders, unfilled, end of month
_ do
Production
_
Shipments
Stocks (CTOSS), mill, end of month
_
Price, wholesale, Ponderosa, boards, No.
12", R. L. (6' and over)
$ per M
do
do
do
3, 1" x
bd. ft...
° 777
t> 860
525
2 252
564
'?. 303
0
518
008
6, 346
1 5'>9
4.817
6, 504
1,84'>
4, 662
63
408
' > 63S
20
r
77. 73
77. 96
p 78. 21
141 .38 »142. 48
93. 1
92. 5
90. 9
90.9
91.2
91.7
92.1
92.9
93. 9
94. 3
94.0
92. 8
93. 0
92.8
92 7
94.6
95.2
94.6
94.4
94.4
94.5
95.0
95.3
95. 5
95.7
96. 0
95. 6
95. 6
95. 6
95.6
800
416
849
383
738
403
762
307
776
364
875
424
941
400
910
417
942
435
892
356
800
347
1,002
384
730
359
759
347
891
503
789
797
1,679
841
839
1, 657
630
080
1,728
753
798
1,683
833
779
1,737
763
815
1, 737
910
965
1,636
835
894
1,577
866
924
1, 519
1,006
971
1, 554
977
875
1,656
992
837
1,683
762
1,693
749
764
1,678
682
735
1,625
67. 43
67. 42
64. 95
65. 11
66. 06
67.72
68. 53
69. 06
70. 79
72. 16
70. 56
05. 96
r 64. 02
3.1
10.5
2.7
2.9
7.9
2.9
10.8
2.8
2. 7
6.5
3.0
10.5
2 8
2.4
6.8
3.0
10.6
9 7
2.6
6.9
3.4
11.5
2.7
2.4
7. 1
2.8
11.6
2.8
2.6
7.4
3.4
11.4
2.8
3.2
6.9
3.5
11.4
2.5
3.4
6.2
2.8
10.5
5.5
3.1
10.2
3.3
3.3
5.4
2.0
10.0
2.8
2.4
5.8
3.2
10. 6
3.3
2.6
6.6
2.1
10.4
2.5
2.4
6.6
2.2
10. 5
2.6
1.9
7.1
2.6
10.8
2.6
2.2
7.6
65. 7
42.8
65.0
65. 9
75.2
68. 3
45.2
69.3
69.1
43.6
67. 7
33. 3
67.4
63.8
52.1
76.0
50. 8
58.1
58.6
51.6
70. 1
52.3
62.7
67.1
47.2
68.3
51.6
69. 3
70.2
45.8
77.0
52.1
76.7
77. 6
44.8
68. 4
49.6
70.0
74.5
40. 2
72.9
48.1
72.2
74.4
38.0
75.5
47.5
75.3
76.1
37.2
64. 9
44.9
69.4
68.6
38.7
72.8
40.4
79.9
77.5
39.7
55.1
34.7
68.3
64.7
41.2
51.0
36.9
62.8
56.4
46.6
75 7
44.7
72.7
64.4
55.0
63. 50 ^63.50
HARDWOOD FLOORING
Flooring:
Maple, beech, and birch:
Orders, new
mil. bd. ft..
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks (gross), mill, end of month
do ...
Oak:
Orders, new
do
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks (gross), mill, end of month.
_clo
* Revised.
v Preliminary.
« Corrected.
^Revisions by months for 1901-bept. 1962 are shown in Bu. of Census report M31A(62)-13.
£4
<? Re visions by months for 1961-Oet, 1962 for production, shipments, and orders will be
shown later; those for 1951-62 for stocks appear on p. 28 of the Jan. 1964 SURVEY.
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1903
Monthly
average
Jan.
Feb.
Mar.
Doe.
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (incl. pig iron, excl. advanced mfs. and ferroalloys):
FxDort q total 9
thous sh tons
Steel mill product*3
do
Steel mill products t
Scrap^f
do
do
Iron and Steel Scrap
Production and receipts, total
thous. sh. tons..
Home scrap produced
do
Purchased scrap received (net)
do
Consumption, total
do
Stocks, consumers', end of mo
do
Prices, steel scrap, No. 1 heavy melting:
Composite (5 markets)
$ per Ig. ton__
Pittsburgh district
do
Ore
Iron ore (operations in all U.S. districts):
ATine production
thous Ig tons
Imports
do
U.S. and foreign ores and ore agglomerates:
Consumption at iron and steel plants
Exports.
_
--Stocks, total, end of mo
At mines
At furnace yards
At U S docks
..
Pig Iron and Iron Products
Pig iron:
Production (excl. blast furnace production of ferroalloys)
-thous. sh. tons _
Consumption _ _
._ _
- do
Stocks (consumers' and suppliers'), end of mo.
thous. sh. tons..
Prices :
Composite
$ per Ig. ton-Basic (furnace)
do
Foundry, No. 2, Northern
do
Castings, gray iron:
Orders, unfilled, for sale, end of mo.
thous. sh. tons..
Shipments, total
-do _ . _
For sale
do
Castings, malleable iron:
Orders, unfilled, for sale, end of mo.
thous. sh. tons..
Shipments, total
do
For sale
do
Steel, Crude, Semifinished, and Finished
Steel ingots and steel for castings:
Production
thous. sh. tons..
Index
1957-59=100
Steel castings:
Orders, unfilled, for sale, end of mo.
thous. sh. tons..
Shipments, total
.do ._
For sale, total _
do ...
Steel forginps (for sale):
„
__
do
do _
Steel products, net shipments:
Tot-i1 (oU trades)
do
Semifinished products
do
Structural shapes (heavy), steel piling.. _clo
Plates
_- do
"Rail '"> and accessories
do
Bars and tool steel, total.. _ _
_ _ d o ._
Bars: Hot rolled (incl. Sight shapes") d o _ _
Reinforcing _ _ _ _ _ _ _ _ .
do _
Cold finished _ _
do
Wire and wire products
do__ _
Tin mill products
__
_
do
Shoots and strip (incl. electrical), t o t a l
do._
Sheets- Hot rolled
_
do
Cold rolled
do
Stool mill products, inventories, end of mn.:t
Consumers (manufacturers o n l y ) _ _ m i l . sh. t o n s _ _ .
Recoinis during month
do
Consum pt ion during month
do
Warehouse's (service centers)
do _ „
Producing mills:
In process (ingots, semifinished, etc.)
do
Finished (shoots, plates, bars, pipo, etc.) .do
Stool (carbon), finished, composite price. _ _ $ per lb._
r
740
182
531
220
53
145
796
174
550
038
179
425
688
198
459
826
223
504
778
109
589
913
195
698
941
178
748
817
102
040
790
212
552
424
342
22
454
19
266
234
18
393
340
13
427
387
18
500
425
17
597
510
30
603
407
28
069
599
12
037
547
14
471
13
'549
15
5, 516
3. 347
2, 169
5, 680
8.307
5, 587
3, 292
2, 295
5, 668
8, 225
0. 519
3.877
2,041
0, 825
7,920
7, 076
4.215
2, 801
7,207
7, 785
7. 538
4, 405
3,073
7. 583
7, 738
0, 858
4, 108
2. 690
6. 807
7, 731
5, 958
3. 732
2,227
5. 681
8,011
5, 494
5, 511
3, 404 ' 3, 303
2. 131
2, 107
5, 425 ••5,573
8,097 r 8, 013
0, 187 P 5, 933
3, 071 *3,513
2, 510
0, 204 P5.971
8, 002 p 7, 901
5, 494
3,387
2, 107
5, 513
8, 844
S20
230
504
516
10
402
29
4 SI
27. 24
20.00
p °8 93
p 29. 00
26. 78
27.00
25.61
28.00
27.17
29.00
26. 51
28. 00
27.00
30.50
28.30
30. 50
26. 20
25.00
25. 09
25. 00
26. 50
25. 00
26.89
20. 00
26.' 66
6, 050
5, 859
2, 786
6, 063
6,157
2,789
3,325
1,448
1, 374
3,151
1,203
1, 451
3,763
1,419
1,362
4,031
2,123
1,876
8,354
9,111
3,053
9,019
10,588
3,706
8,933
10, 704
4, 170
8,865
10, 587
4,220
8. 573
9, 718
3,379
7,318
9.141
3.961
3, 543
3,876
' 5. 997 1, 840
1,940
2.980
2.379
8,458
8,278
8,669
81
'568
74, 730 '78,906
15, 924 r 15, 098
53, 439 57, 672
5,372
6, 196
2,612
7 691
112
75, 835
17, 046
52, 641
6, 148
3. 426
9. 339
104
71. 995
19, 390
46. 720
5, 885
4, 026
9, 691
178
r
67, 679
21, 335
41. 054
5, 290
12,050
10, 701
843
07, 893
20, 508
42, 378
4,947
13, 177
10,018
949
68, 969
19,002
45, 033
4,934
13,070
8, 758
1,258
71, 565
17.226
49, 358
4,981
13, 375
7, 548
1, 095
75, 732
15, 505
55,188
5, 039
12. 535
7, 516
711
79, 649
14. 359
60, 185
5, 105
12, 386
8.010
715
81.194
11,391
64, 550
5,253
4, 052
8,458
341
77, 325
' 9, 237 10, 934
65, 450 61. 044
5.347
5,343
27.02
25. 00
8,932
8,033
428
2, 710
9,113
54, 044
5.273
79
84
35
116
107
86
42
105
70
110
137
67
88
46
5, 477
5, 550
5, 993
5,584
5,677
5,316
5, 413
6,449
6, 576
6. 763
6,905
7.436
7,584
6,940
6,990
5,989
5,909
5, 978
5 270
5,174
T 5 904
5. 525
5, 604
5, 565
p 5, 588
5.897
6,291
62.75
p63. 00
P63.50
02. 75
9, 515
115.3
9, 458
122. 5
3,040
2,969
2,864
2,747
2,634
2, 669
2,782
2, 804
2,811
2, 808
p 2, 825
65.46
65.50
66.00
62.87
63.00
63.50
62.95
63. 00
63.50
62.95
63. 00
63.50
62. 95
63. 00
63.50
62. 95
63.00
63. 50
62. 95
63 .00
63.50
62.95
63.00
63.50
62.95
63.00
63.50
62.75
63.00
63. 50
62.75
63.00
63.50
62.75
63. 00
63.50
62.75
63.00
63.50
62. 75
63.00
63.50
680
963
527
783
1, 064
591
755
984
496
775
924
483
802
1. 055
558
818
1, 154
653
840
1,218
688
819
1, 146
646
806
1, 003
578
805
985
608
805
1.037
598
758
1.194
673
692
1,049
575
719
1.014
534
73
72
41
81
78
44
80
80
45
83
75
42
83
81
45
79
82
46
78
85
48
78
44
82
68
37
82
08
40
82
74
42
78
87
50
80
78
42
88
79
42
8, 194
101.2
9. 105
112.5
8,391
101.7
8,222
110.3
10, 080
122.2
10, 695
131. 0
11,490
139.3
10,365
129.8
8, 654
104.9
7 782
94.3
7.858
98.4
8, 483
102. 8
8,488
106.3
8. 753
106. 1
183
119
93
219
125
100
193
115
91
196
116
91
207
127
99
215
130
104
217
145
115
201
131
105
217
105
86
216
119
95
219
121
97
225
135
107
255
126
101
133
107
308
113
86
306
116
88
282
115
85
305
111
82
310
122
92
323
124
92
312
125
93
297
118
87
306
90
74
310
105
78
298
115
91
306
123
95
311
111
84
313
114
88
5, 879
231
395
0.296
203
443
603
92
5,731
236
354
484
71
878
612
',, 604
235
300
514
0, 091
7. 308
314
498
632
109
1.119
8,061
342
548
715
113
1. 24 f
844
254
1 3*70S
350
000
3. 373
9SO
7, 375
316
479
652
111
1,136
743
256
129
724
302
500
3. 094
891
1,455
6. 400
237
451
030
84
900
5S4
279
97
099
5, 895
206
450
579
91
910
530
209
97
031
250
541
:1, 232
5 927
200
404
014
70
948
580
258
103
005
5.017
285
428
008
74
909
584
220
97
408
22 1
352
5. 540
252
420
588
92
S53
579
107
99
442
102
323
2. 37S
995
5. 455
212
417
587
90
848
490
200
90
569
244
405
2. 084
571
80S
672
1 . 014
1.149
11. 0
4.1
4.4
3. 5
10.9
4.0
4.7
3.5
10.0
4.5
5. 4
3.5
11
4.8
3. 5
9. 3
'• 4. 0
4.S
3. 5
(is
7.4
0.8
. 0704
7.3
.0714
7.4
0. 9
. 0715
7.S
- •)
.0715
3, 178
°86
916
597
199
112
r
>92
2 VI
05
2 37,5
031
"MO
113
440
r
-; 5S7
»3 i
849
593
111
ids
4-5-5
2-51
2 -4
t < '*•
1 1 t)
442
013
102
1 , 009
703
177
! ->()
") 4
729
700
324
3. 038
SXS
1, 431
1.126
j -2j<)
*" * sO
1 .OS
10.3
4.4
4.4
3.4
10.0
4.S
4.7
3.4
8. 5
4.6
4.5
3.2
8.0
4.3
4.2
3.2
9. 0
9. 4
5. 4
10. 2
4^7
3.2
3! 3
3.3
11. 2
5.9
4.9
3.4
7.4
7. 1
. 0705
7.4
6.9
.0698
7.3
7. 1
. 0098
7.0
6.' 9
.0098
. 0098
7.5
7. 5
. 0704
7. 5
7.4
. 0704
~*M)4
7.5
Revised.
* Preliminary.
9 Includes data n ot showi so par at ely.
t Beginning Sept. 1963, imports statistics reflec tr adopt if n of the U.S. Tf iriff Schr dulo;
these data may not bo strictly comparable with fH ures sho wn for p rior inor ths.
fEffective with the Oct. 1903 SURVEY, data for stet Icon sum ers (man ufacture rs only) i ofiect
r
r
057 !
207
42S
28.12
29. 00
8, 121
8,041
do
491
do _ _ .
75, 737
do
14,
657
do
55, 293
do
5,787
-_do _.
Manganese (mn. content), general importsf__do
Shipments, total
Drop and upset
615
108
426
. 0701
o.o
533
2, 599
70S
1,213
11.9
4 .9
3.1
7.3
.0704
.0704
404
2, 293
1. 019
r
0. 475
281
014
109
977
CM)
109
120
504
221
503
2. 780 _ _ .
S33
1.310 ...
_.
r
p 5.3 ! . _ _ " " _ _ .
p 5. 1
P 3. 5 |
p 7. S I
.0715
;
~0715~
reculc u hi tod ct timates based on the uso of quail i r y cove "age factt)rs (d.erh *ed from the U>5>
Con siis of Ma nufaotur os); pre\ iously p u»lishi'< data we re basec on cost coverage factors
Re vis ions bac k to Oct. 1961 app ear in th o Oct. 1903 STRVJ
SURVEY OF CURRENT BUSINESS
lurch 1!K>4
nless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1964
1963
1963
Monthly
average
S-33
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
356
310
2, 306
Feb.
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel, Manufactured Products
abricated structural steel:
Orders new (net)
Shipments
Backlof end of year or mo
thous. sh. tons_.
--do
do
arrels and drums, steel, heavy types (for sale) :
Orders unfilled end of mo
thous-Shipments
do
'ans (tinplate), shipments (metal consumed),
total for sale and own use
thous sh tons
302
322
2,624
336
341
2,322
328
235
2,609
286
244
2, 708
312
306
2,864
389
355
2,613
409
390
2,668
345
360
2,396
302
370
2,458
350
411
2,323
289
371
2,297
322
411
2,260
262
324
2,238
440
321
2 322
1,404
1,947
1,273
1 922
1,296
1,714
1, 395
1,807
1,297
2,053
1,288
2,029
1,306
2.285
1,354
1,863
1,322
1,999
1,274
2,058
1,281
1,956
1, 233
1,994
1,107
1,702
1,119
1,603
431
410
338
310
365
413
439
434
494
554
495
458
323
311
176.5
133.2
192.7
63.0
184.2
49.0
163. 0
57.0
181.6
61.0
181.3
67.0
192.9
63.0
192. 5
63.0
201.4
58.0
203.1
67.0
197.4
66.0
205. 1
71.0
201.1
63.0
209.1
73.0
25.6
4.9
12.6
34.6
3.5
13.8
22.3
1.7
5.2
21.5
3.4
17.0
18.6
3.5
16.6
30.6
3.3
16.8
35.5
3.3
16.9
47.4
2.8
12.6
53.9
4. 1
16.0
40.3
3.7
13.6
38.2
3.5
13.0
34.5
4.0
13.2
36.9
4.1
12.6
36.1
3.9
11.9
153.1
. 2388
105. 6
. 2262
154. 4
.2250
139. 0
. 2250
119.6
.2250
101.7
.2250
88.2
.2250
83.3
.2250
85. 7
.2250
94.5
.2250
93.8
. 2250
96.9
.2298
110.7
.2300
99.0
. 2300
464.3
317.6
142.6
77.2
526.9
355.3
166.9
487.1
330.6
153.9
84.5
471.0
307.1
136.7
79.2
496.8
345. 0
159.8
82.5
537.5
356. 0
166.6
83.5
591.2
402.7
198.0
83.1
526.0
359 .7
172.2
78.5
526. 4
362.1
175.1
65.1
552.9
377.7
179.7
75.5
535. 6
345. 8
161. 3
77.0
584.6
423. 7
210.0
85. 0
489. 8
324. 8
144.4
79.8
523.9
328.9
145.0
102.4
134.3
101.2
33.1
22.7
100.8
133.0
101.6
31.4
24.0
102.2
121.6
107.1
14.6
22.8
94.4
121.7
92.5
29.2
25.6
105.1
134.3
100. 6
33.6
27.5
105.2
132. 1
101.2
30.9
25.4
105.0
137. 2
106. 7
30.5
24.1
92.9
138.9
102.4
36. 5
24.4
86.1
135. 5
101.7
33.8
17.7
96.8
134.9
98.6
36.3
23.3
99.1
129.0
95.1
33.9
24.9
109. 8
138. 0
103. 5
34.5
25.8
106.3
131 X
103.7
28. 1
23.3
107.0
141.3
106.3
35.0
23.7
106. 5
140 4
103. 4
37 0
24 1
40.1
8.2
45.0
9.9
26.2
7.6
24.7
6.6
61.3
4.4
35.2
8.4
42.9
9.0
46.2
9.6
41.0
11.0
54. 3
17.2
70.8
13.3
51.7
12.2
32.8
11.8
53. 1
7.4
45.4
8.9
32.1
28.0
134. 2
30.0
25.9
146.2
13.9
12.7
147.6
27.3
24.2
142.6
30.6
26.8
153.3
29.7
24.7
147.6
33.1
27.2
160.5
32.0
28.9
155.4
27.6
109.2
37.5
33.0
144.4
29.5
25.3
142.0
29.5
25.6
p 163. 7
30.0
26. 4
P 147. 5
39.7
33 9
P 140 7
v 150. 7
177.5
102.0
.3060
175.4
96.0
.3060
200.8
104.0
.3060
199.6
98.2
. 3060
193.3
98.9
.3060
184.4
98.8
.3060
168.0
89 2
.3060
153.3
87.6
.3060
197.2
119.2
.3060
183.8
115. 1
.3060
173.8 p 154. 7
103.0 P80.1
.3060
.3060
P150.3
P 75. 9
.3060
P 145 3
-P 89 8
. 3060
Pl35 0
J>80 9
.3060
578
409
229
616
428
237
19.7
37.0
20.9
39.7
15.2
37.5
13.3
38.7
14.7
41.4
20.9
39.4
24 2
38.9
22.3
38.1
23.6
33.6
24.5
39.8
22.2
40.5
24.7
47.0
22 6
43.7
22.6
37.4
33.4
92.5
31.3
96.2
31.1
99.7
24.1
95.1
34.9
91.9
30.1
94.6
30.2
97.2
34.1
93.4
31.9
85.0
24.8
92.7
31.5
93.5
32.1
108.6
38.1
101.9
33 1
100.7
NONFERROUS METALS AND PRODUCTS
.lumlnum:
Production, primary (dom. and foreign ores)
thous sh tons
Fstlmated recovery from scrap
do __
Imports (general):
Metal and alloys, crude
do
Plates sheets etc
do
Fxports metal and alloys, crude
do
Stocks, primary (at reduction plants), end of mo.
thous sh tons
Price, primary ingot, 99.5% min
$ per lb__
aluminum shipments:
Ineot nnd mill products (net) A
Mill products, total
Plate and sheet (excl foil)
Castings
mil. l b _ _
do
do
do
Copper:
Production:
Mine, recoverable coppert
thous. sh. tons_.
Refinerv primary
do
From domestic ores __
do _ _
From foreign ores
do
Secondary, recovered as refined
do
Imports (general):
Refined, unrefined, scrap©!
do
Refined
do
Exports:
Refined, scrap, brass and bronze ingots do ...
Refined
do
Consumption, refined (by mills, etc.)
_ do
Stocks refined end of mo total
Fabricators'
Price, bars, electrolytic (N.Y.)
do
do
$ per lb_.
Copper-base mill and foundry products, shipments
(quarterly avg. or total) :
Copper mill (brass mill) products
mil Ib
Copper wire mill products©
do
Lead:
Production :
Mine, recoverable leadt
thous. sh. tons.Secondary, recovered from scrap©
do
Imports (general), ore©, metaH _. __
Consumption, totalt
do
do
Stocks, end of year or mo.:
Producers', ore, base bullion, and in process©
(ABMS)
thous. sh. tons..
Refiners' (primary), refined and antimonial
(lead content)
thous. sh. tons__
Consumers'cf
do
Scrap (lead-base, purchased), all smelters
thous. sh. tons
Price, common grade (N.Y.)
$perlb__
110.2
88.1
87.1
79.7
80.8
79.9
90.6
98.8
97.0
105.3
111.1
112.2
110.2
56.9
115.3
132.9
94.4
119.8
95.0
112.7
99.0
112.6
97.2
108. 5
94.1
101.0
95.7
94. 5
101.8
85.3
104.3
80.4
109.4
72.0
108. 5
64.2
111. 5
56. 9
115 3
46.1
.0963
61.3
.1114
46.8
.1030
49.5
. 1050
47.4
.1050
48,4
. 1050
48.1
. 1050
45.9
.1071
52.6
. 1107
54.8
. 1135
57.0
. 1163
57.3
. 1194
55. 7
. 1215
61 3
. 1250
447
3,422
1, 750
250
6, 590
4, 550
244
3, 623
1,820
280
6, 520
4, 580
42
3,177
1,875
215
6, 3G5
4,415
4
3, 664
1,760
195
6, 195
4,445
0
3,929
1,840
225
7,115
5.115
405
3, 732
1,830
235
7,070
5,085
0
4,996
1,930
230
7. 420
5, 290
3
4,384
1, 895
210
6, 985
5 035
0
3 451
1, 565
220
6. 425
4 770
339
4 OKI
1, 690
215
6, 470
4. 530
259
2 327
1, 760
235
6, 030
4 145
627
3 546
1,925
9
40
6, 705
4 455
989
3 080
1, 990
29()
5, 490
3 630
265
3 109
1, 765
270
5, 960
4 010
36
do
do... 21, 730
$ p e r l b . _ 1. 1461
135
25, 600
1. 1664
5
21,505
1. 1106
84
22,095
1. 0854
64
24, 025
1. 0922
84
22, 515
1. 1302
27
21, 255
1. 1665
410
25, 585
1. 1772
97
24,110
1. 1534
151
23, 590
1. 1484
265
32, 000
1.1611
170
30. 980
1. 1997
109
30, 245
1. 2704
165
29, 195
1.3020
42.1
43.9
43.7
41.5
43, 7
46.1
45.5
42.5
40.5
44.9
41.5
46.9
45.1
45.1
39.0
11.8
31.1
12.1
31.9
8.7
32.2
7.9
2Q f»
18.0
34.3
11.7
28.0
10.4
34 8
7.7
33 9
11.9
31 7
8.2
27 0
19.4
?6 9
11.0
29 8
15.2
33 0
14. 7
8.2
16.7
8.0
16.0
7.6
16.1
7.4
15.6
7.9
16.1
8 2
15.7
89
16.8
8 9
15.8
81
15.4
71
15.5
82
16.1
8 7
16.6
16.1
7 7
15.9
T
Revised.
*> Preliminary.
i Recoverable aluminum content. Monthly data are
expressed in metallic content (incl. alloying constituents).
A Beginning Jan. 1963, net shipments of ingot derived by new method to include imports
not previously included.
f Revisions for 1962 are in the Sept. 1963 SURVEY.
108 0
. 2300
.2300
.3060
p 693
v 455
P 940
578
398
234
91.0
Sine:
Mine production, recoverable zinct
thous. sh. tons..
Imports (general):
Ores©*!
do—
Metal (slab, blocks)^
do...
Consumption (recoverable zinc content):
Ores© _
_
...do
Scrap, all types
do-..
669
445
239
595
414
235
142.5
93.5
Tin:
Imports (for consumption):
Ore© _
lg tons
Bars, pigs, etc. .__ .
do
Estimnted recoverv from scrap, total©., do
As metal _ _ __
_
do
Consumption, pig, total
do
Primary. _
do
Exports, incl. reexports (metal)
Stocks, pig (industrial), end of mo§
Price, pig, Straits (N.Y.), prompt
99 7
r
r
212 0
24 5
109.5
.1298 1
1. 3402
. 1300
1.4012"
©Basic metal content.
ISee similar note, bottom p. 8-32.
d*Consumers' and secondary smelters' stocks of lead in refinery shapes and in copperbase scrap.
§ Effective Sept. 1962, includes surplus tin held by (KSA (i!e,, tin to be oiYr-red
for sale and tin for which bids to purchase were rejected by GSA)
SURVEY OB^ CURRENT BUSINESS
S-34
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
19G3
Monthly
average
Jhux-h I'.M
1963
Jan .
Feb.
Mar.
Apr.
May
June
1964
July
Aug.
Sept.
Nov. i Dee.
00,
Jan.
Fe)
METALS AND MANUFACTURES— Continued
NONFERROUS METALS AND PROD.— Con.
Zinc— Continued
Slab zinc:
Production (primary smelter), from domestic
and foreign ores
thous. sh. tons..
^fcon f
fh ' t '
do
Exports
^o
Stocks, end of year or mo.:
Producer^' at smelter (AZFiA
-- -do
73.3
4.9
80.0
3.0
74. 9
4.5
90. 1
2.8
77.0
3.8
84.8
.4
69.6
3. 6
81.3
3.3
77.0
3.9
86.5
3.2
73.1
4.1
93.4
3.1
77.3
4.5
99.2
2.9
69. 6
4.4
91.1
4.4
69.0
85.4
4.9
72.6
4.6
92.5
4.1
72.5
5.4
90.6
2.0
78.1
6.0
99.3
2.4
79.3
5.3
88.5
1.9
144.7
80.0
.1162
rr 1
92! 3
. 1200
157. 1
72.0
. 1150
154.7
68.9
.1150
154. 2
66.4
. 1150
HO. 7
65.7
. 1150
126. 5
64.3
. 1150
105.9
69.5
.1150
80.0
86.4
. 1202
64.6
88.1
. 1250
55. 4
90. 1
. 1250
53.9
88. 1
. 1250
50.2 l
"-87.0 1
1.0
9.2
1.0
8.0
.9
7.0
1.1
7.1
9
6.3
.6
7. 7
.9
9.0
.7
9.1
1.0
11.6
1.4
12.4
1.4
13.9
48.9
45- 4
40.8
56.3
39.5
60. 4
37.1
64. 5
39.2
67.8
43.0
60.7
48.7
65. 8
41.9
65.1
58.5
63.8
75. 7
51.8
72.4
49.5
1-76. 0
173.1
150.0
148.2
161. 3
159. 1
177.1
174.7
176 ..9
174.6
187.3
185.0
177.3
173.9
155. 3
152.6
185.0
181.3
198. 9
194.9
207.3
202. 5
Ifi2.6
102.2
101.8
58.8
97.4
47.2
126.4
79.2
105. 6
55.7
116. 9
62. 6
158. 4
103. 4
180.8
110. 0
254.2
171.4
°3Q 1
146. 3
9
Price, prime Western (St. Louis) ._..$ per lb._
HEATING EQUIPMENT, EXC. ELECTRIC
Radiators and convectors, shipments:
Cast iron
mil. sq. ft. radiation..
1.0
Non ferrous*
- -do
Oil burners :
39.8
Shipments
thous__
49. 9
Stock^ end of yenr or mo
do
Stoves and ranges, domestic cooking:
166. 7
Shipments, total (excl. liquid-fuel types)-. .do
163.6
Gasd"
do
Stoves domestic heating shipments, total _ do
Gas '
- do
Warm-air furnaces (forced-air and gravity air-flow),
shipment^ total
thous..
<~jas
do
Water heaters, gas, shipments
do
MACHINERY AND APPARATUS
Fans, blowers, and unit heaters, qtrly. totals:
Fan^ and blowers, new orders
mil. $__
Unit-heater group new orders
..do.,
Foundrv equipment (new) , new orders, net
mo. avg. shipments, 1957-59=100Furnaces, industrial,1new orders, net:
F^ectrlc prooessinc
mil. $
Fuel-fired (exc for hot rolling steel)
do. .
157.0
94.1
108.9
117.8
87. 1
'»5. 3
217.7 j 200.3
94. 1
77.3
199. 2
90.8
75. 2
198.5
91. 2
75.4
189. 4
94.1
80.5
223.1
104. 8
85.3
218. 0
113. 1
91.4
231.2
116. 4
94.6
183. 5
108. 8
130. 6
179. 7
43.7
16 7
141.5
1 16. 2
11A 7
111.4
131.9
127. 6
124. G
87. 9
107.3
148.7
135.1
127.6
1. 1
3.4
.8
.8
1.8
3.4
1.0
5.5
1.9
3.1
1.0
4.7
1.5
1.4
1.0
1.6
128.7
134.1
88.5
120. 2
145.9
150.4
119.3
483
600
529
793
579
550
558
532
550
589
40 0
13.3
83.8
4.8
88. 5
1. 3
55. 1
92.3
. 1294
.1250 ;
r
9.8
1.1
.8
8. 2
55. 9
M3.9
34. 0
45 4
173. 7
170.7
162. 2
100 2
183. 6
132. 0
128. 3
89.6
132. 4
' 106. 5
176.8 '
97. 8
81 8
191.2
r
58 9
170.4
r
170.4
134. 5
228. 1
39.9
14 6
'40.2
1.2
2.8
140.2
110.4
184. 9
i
'
!
!
48. 2
\
42.3
18.2
'
235. * i
122.3
184.8
127.1
129. 6
1.0
5.7
2! 7
9
4' 6
.9
4.3
1.0
3.0
139. 0
136.6
120.9
136. 8
116.9
135. 4
579
533
433
511
563
490
602
611
523
598
590
630
491 I
484 ;
2. 830
2,543 I
160. 4
X
2
547
581
573
536
2, 434
1,730
1, 765
2,137
2, 212
2, 569
2, 750
2, 307
2, 567
2, 661
2,941
2,738
Machine tools:
Metal cutting tools:
Orders, new (net), total
"Domestic
Shipments total
Domestic
Estimated backlog
44.80
36. 70
47.85
35. 15
4.2
59. 50
47. 50
49.90
41. 10
5.2
46. 20
37. 40
35. 80
29.75
4.2
53. 35
44.80
43. 05
34. 30
4.6
61.55
49. 55
50. 00
41.65
5.0
62. 20
48.50
46. 55
39. 35
5.2
66. 50
46.30
53.65
45.85
5.2
57.10
44.40
53.55
46.50
5.2
57.90
47.90
44. 55
38.65
5.5
49.20
38. 55
41.20
33.30
5.6
56. 55
45.40
54. 75
42. 85
5.4
66. 85
53.35
54. 05
42. 95
5.7
59. 10
49.65
52.35
41. 75
5.6
14.60
11. 65
12.40
9.30
4.6
18.10
15. 90
15. 30
12.80
4.7
13. 95
12. 20
13. 30
11.50
4.8
19.20
16. 50
14.05
10.05
5.1
12. 85
11.85
17. 35
14. 60
4.7
16.05
11.55
14.35
11.60
4.7
13.40
10.85
18. 60
15. 85
4.2
14.80
13.15
18.85
17.45
3.9
15.55
13.90
14.95
12. 70
3.8
19.85
18.15
12.65
11.40
4.2
22.35
17.60
14.70
12, 10
4.6
32. 35
29. 95
16.35
13.00
5.4
15. 95
15.20
14. 05
11.30
5.6
303 7
80.2 '227. 9
225.5
2 25. 2
57.1
M8.6
2 53. 3
3,174
r 3. 622
3, 132
mil. $..
do
do
do
- -.months
Metal forming tools:
Orders new (net), total
Domestic
Shipments total
Estimated backlog
.
- mil. $
- do
do
months.
Other machinery and equip., qtrly. shipments:
Construction " machinery (selected types),
total 9
mil ^
i 261. 4
i 64.2
Tractors tracklaylnp;, total
do
Tractors wheel (con off-highwav)
do
1 l 19. 7
Tractor shovel loaders01(integral units only),
1
58 9
wheel nnd trackliyin types
mil $
Tractors, wheel (excl. garden and contractors'
* 130. 1
Farm machines and equipment (selected types),
i 197. 7
ELECTRICAL EQUIPMENT
Batteries (auto, replacement), shipments
thous..
Household electrical appliances:
Ranges (incl. built-ins), sales, total.
do
Refrigerators and home freezers, output
1957-59 = 100. _
Vacuum cleaners, sales billed
thous
Washers, sales (dom. and export) 0
do
Driers (gas and electric), sales (domestic and
export)
thous
2, 540
378 9
98.1
31 6
OR7 4
64.1
' 80. 2
14.7
.
j_-
fi2 2
1
!
151.3
179.4 _
! 241.2 !
2, 653
137.1
71
\ MOO. 6
262. 1
.
.
;
' 77. 40 79 45
59.05 i
50. 45
69. 00
39.80
* 56. 30
0.8
5.6
r 64, 15
r
r
r
r
r
2!.20
19. 80
14. 30
1? 50
r 5, 8
48. 50 1
47.20
13. 75
12 20 i
7.9 !
f>
86 3
166.1
2
195. 4
3,762
2,678
1,665
1,551
1,832
1,903
2.190
2,604
3,186
3, 673
124.6
145. 3
164.0
139.8
149.1
156. 5
136. 0
152.1
160. 6
162.9
119.2
309.3
305.5
127.9
353. 9
329.1
100.1
322. 9
293.3
122.5
356. 9
300. 8
134.1
406.0
363. 6
130. 6
340. 8
279. 5
139.3
333.8
311.0
145. 1
291.2
358. 6 j
133.8
297.1
281 .2
93.1
326. 1
379.7
149.0
423. 0
403. 7
127.8
116.4
367.4
129. 0
382.6
336. 9
131. 2
349.7
273. 5
131.0
324.7
302.5
116.4
133.0
129.2
115.7
112.7
72.3
70.2
91.0
99.5
173. 5
200.3
197.1
180. 3
153 2
14° 8
Radio sets, production§
do
1,596.8 1, 523. 5 1, 229. 5 1,389.7 n,568.4 1,359.8 1,384.1 H.653. 9
594. 2
Television sets (incl. combination), prod.§ do
507.5 3665.0
539.3
484.4
557. 9 * 096. 4 548.6
Electron tubes and semiconductors, factorv sales
73.6
75.9
72.4
63.5
75. 9
72.2
72.5
mil. $__
76.8
insulating materials, sales, index
1 947-49=100. .
148
154
154
147
137
149
153
156
Motors and generators:
New orders, index, qtrly
do
i 146
142
155
New orders (gross) :
12.4
Polyphase induction motors, 1-200 hp._mil. $..
12.4
12,0
12.6
11.5
12,1
13.3
11.1
2.2
2.6
D.C. motors and generators, 1-200 hp
do
2.9
2.5
2.5
2.4
2,6
3.0
l
r Revised.
Quarterly average.
2 For month shown.
3 Data cover 5 weeks;
Other months, 4 weeks.
* Data cover 6 weeks.
9 Includes data not shown separately.
AProducers' stocks, elsewhere, end of Feb. 1964, 19,200 tons.
*New series. Shipments (from The Institute of Boiler and Radiator Manufacturers)
represent the following approximate percentages of total industry shipments: Convectors
W) to 95%; radiators and baseboards, 80 to 85%.
r
990. 6 1.252.9
384.3
565.2
59.5
127
77.4
142
;
'4^"
Material handling equipment (industrial):
Orders (new), index.
1957-59=100.. 112. 6
Industrial trucks (electric), shipments:
500
Hand (motori/ed)
number
471
Rider-tvpe
do
Industrial trucks and tractors (gasoline-powered),
shipments
number. . 2, 232
-
43.
. 1300 \"~'.13(
3
2008.
3
2
779. 4
82.5
154
-
1872. 7 1, 799. 8 n,772. f 1,413.3
630.1
621. 4 1690.0
731.1
81.5
160
71.7
rl44
73.0
151
I
12.7
2.5
12.1
2.1
13.:
i
154
11.1
1.9
12.8
3.3
13.7
2.9
2. o
c?Includes data for built-in gas fired oven-broiler units; shipments of cooking tops, not
included in figures above, totaled 26,700 units in Dec. 1963.
©Data exclude sales of combination washer-drier machines; such sales (mcL exports)
totaled 1,500 units in Jan. 1964.
§ Radio production comprises table, portable battery, auto, and clock models; beginning
Jan. 1964, television sets include figures for color sets.
SUEVEY OF CURRENT BUSINESS
March 1064
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1963
S-35
1961
1963
Monthly
average
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1.405
319
1,608
309
Jan.
Feb.
1,527
1,311
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
thous. sh. tons._
Exports
_
do
Prices:
Retail, stove, composite
$ per sh. ton__
Wholesale, chestnut f o b mine
do
1,408
156
1,609
279
1,611
70
1,345
184
1,595
266
1.492
195
1,682
340
1,783
286
1.326
212
1.959
420
1. 690
407
1,809
345
28.63
13.050
29.39
13 195
29.14
13.930
29. 14
13 930
29.14
13. 930
29.14
12. 180
28.30
12. 180
28. 62
1° 565
28. 84
19 775
29. 04
12. 985
29.79
13 510
30. 00
13. 510
thous. sh. tons__ 35,178
37,667
Industrial consumption and retail deliveries,
total 9. _
thous. sh. tons__ 32,314
15, 903
Electric power utilities
do
14,006
Mfg. arid mining industries, total
do
6,188
Coke plants (oven and beehive)
do
34, 106
17 490
14,668
6,474
39, 886
19, 684
15, 491
6,153
35, 862
17 624
14,310
5, 753
Bituminous:
Production
r
36, 756 >• 34,004 ' 33,582 r 37,974 *• 40,919
34, 872 '31,287
17 073 15 378
15,496 rr14, 864
6, 719 6 f 9 1 3
31, 885
15, 717
15, 239
7,319
r
r
31. 35
30. 54 30. 95
!4 420 14.420 "14. 492
38,862 r 27,629 Ml, 650 '39,710 ' 44,195 r 38,228 r 38,491
31,401 '31, 015 32, 470
16 191 17 053 17, 649
14,426 'r 13, 649 13, 583
6, 112
6 948 6 545
33, 814
17 593
14, 612
6, 370
34, 388
17 783
14, 615
6, 241
40, 199
9Q 727
16,329
6, 570
39, 771
9
0 389
16, 413
6 791
1 905
3, 118
2 968
73,383 / 70, OSS
52 383 49,314
20, 391 / 21, 270
8 054 /8 01 <i
66. 549
46 42°
19 672
7 788
455
2,349
1,962
4,710
3, 928
2,302
1,011
830
703
841
1. 153
1,536
1, 511
65, 692
46 139
19, 103
7 373
63, 804
44, 906
18, 508
7. 339
59, 473
41,454
17, 677
7, 233
56, 959
39, 704
16,949
6, 595
59, 704
41, 554
17, 907
6, 883
64, 551
45, 157
19, 033
7,648
67,638
46 799
20 381
8 °02
63,318
44, 695
18, 199
6 386
67, 002
46 912
19,555
6 919
69, 388
49, 138
19 9712
7 90
72, 708
51 722
20, 423
7 912
449
450
390
342
306
303
361
458
494
535
538
563
609
499
Exports
_do _._ 3,201 3,923
Prices:
Retail, composite
_$ per sh. ton-- 17.30
17.46
Wholesale:
i 4. 918 2 4 748
Screenings, indust. use, f.o.b. mine
do
Domestic, large sizes, f.o.b. mine
do__ . i 7. 443 2 7 01 4
2,223
2, 548
2 722
3,561
4, 573
4, 110
3. 685
5, 325
5, 266
5. 029
4, 500
3, 536
do
Retail dealers
do
COKE
deduction:
Beehive
Oven (bvproduct)
Petroleum coke§
stocks, end of month:
Oven-coke plants, total
At f urn nee plants
At merchant plants
Petroleum coke
Exports
_ _
thous. sh. tons__
do
do
do
do
do
do.
do
..
_
68
4,258
1,312
17.62
17. 63
17. 63
17. 52
17.14
17.04
17.13
17.13
17. «
17.69
2 4. 739
27.281
4. 752
7. 279
4.757
7.184
4. 726
6. 754
4. 746
6. 533
4 753
6 633
4 757
6 813
4 752
6 886
4.752
7. 061
4 745
7 231
64
4 246
1.315
66
3 955
1,236
66
4, 628
1,337
86
4 741
1,296
4 964
1 , 301
95
81
4 735
1 3°0
4 467
1*407
4 9Q1
75
4 158
1 350
4 391
1,*367
3, 771
2 832
939
1, 191
15
3, 496
2 629
874
1,204
21
3, 322
2,474
848
1,201
31
3, 186
2 354
831
1,181
60
2, 792
2 Of) 7
2 631
1 967
2 618
1 952
1,138
29 730 2 801
089 2 185
' 616
641
1 152
1 171
' 33
39
9 888
9 304
664
9
1, 593
2.93
251.4
90
1,611
2.93
269. 0
87
1,721
2.93
249 7
83
1.737
2.93
263. 9
1 542
2 93
953 Q
87
1,809
2.97
269 4
87
85
1 860
9 93
272 7
88
88
1 809
9 93
273 5
88
344.1
311.0
334.6
325. 3
329. 1
312 9
333 7
333 1
228 3
32.0
234 5
33.1
''96 9
31 9
935 1
33 3
236 8
34 0
78
4 441
1 344
3,899
2, 796
1,103
1.053
33
3 001
2 301
1,781
2.97
255.8
84
1,691
2.93
264. 2
700
1 200
38
100
735
61
119
63
666
1 157
44
l! 385
40,000
31,596
16 566
13, 405
6 039
Stocks, industrial and retail dealers', end of
month, total 9
thous. sh. tons_. 67, 960
Electric power utilities
do
46, 665
20, 845
Mfg. and mining industries, total
do
Oven-coke plants
do
9, 044
Retail deliveries to other consumers
r
76
584
17.73
r
4
r
17.83
17. 89
748
7 °57
4 748 P 4 748
7 257 p 7 985
76
4 290
1 355
4 r)9()
79
34, 2*0
84
4 65()
1 457
9 899 r 9 881
9 379 r 9 394
59Q
486
1 195
r 1 381
23
1 297
41
19
1 633
2 92
266 9
1 480
1 768
9 99
9 99
9Q1 Q
86
^7
969 3
H7
316 8
331 8
322 5
336 7
99 e 9
99fi 3
0
893
9 370
451
PETROLEUM AND PRODUCTS
>ude petroleum:
Oil wells completed.,
Price at wells (Okla.-Kansas)
Runs to stills
Refinery operating ratio
number
$ per bbl _
mil bbl
% of capacity
Jl oils, supply, demand, and stocks:
New supply, total
_
mil. bbl
Production:
Crude petroleum
do
Natural-gas liquids, benzol, etc.
_do
Imports:
Crude petroleum
__
do
Refined products
do._
Change in stocks, all oils (decrease,—)
do
Demand, total
Exports:
Crude petroleum
Refined products
__
Domestic demand, total 9 _
Gasoline
Kerosene
Distillate fuel oil
Residual fuel oil
Jet fuel
__
Lubricants _
Asphalt
Liquefied gases
3
317.4
327. 6
223.0
31.1
229.4
33.4
226 4
33. 5
212 4
32.1
234 3
34.4
39 8
233 6
34 i
34 3
35 6
34.3
29.1
1.0
34.4
30.4
.1
41.0
43. 1
-41. 4
30.9
35. 5
-33. 4
36. 1
29.8
11.5
32. 6
32.5
24.5
34.5
27. 1
18.1
31 9
92 3
19! 7
38 2
9
70
19.3
36 7
25 5
12.3
34 9
23 9
11.0
31 4
32 7
11.7
34 2
27 6
2 9
30 3
38 0
—54 9
do
316.4
327. 5
385 4
344 4
323. 1
300 8
311 0
293 2
314 4
320 ]
319 6
qqi c
.1
.1
6 9
5.0
311. 3 321.2
J32. 1 •5 136. 2
13.7 314.4
2
4 1
381.1
5
124 4
5
22 6
1
8 2
336. 2
115 3
19 0
1
5 5
317.5
128 3
14.2
9
2
i
9
6 6
294. 1
138 2
10 1
6 2
304. 7
143 3
10 2
5 4
287 6
140 7
5 9
308 3
1 50 0
10 9
390 8
2
6 4
314 3
151 1
12 4
305 8
do
do
do
do
do
5 (59 3
5 45. 1
9. 7
5 103 2
5 65. 0
9 8
88 4
57.7
8 4
71 9
49.3
48 9
43. 4
9 5
48 2
37.' 0
oq 7
35 0
4A *}
3 6
9.8
519.5
3 8
3 4
528.4
31
2.8
23.5
34
4.4
18.2
3 8
5 9
15.4
4 1
14 4
15. 1
771 0
41 0
23.9
506 0
795 5
5l' 4
27.2
517 0
813 6
)5 7
31.6
5°6 4
do
do
do
do
_do._.
_do
61 0
45.5
9 4
36
9.5
21.3
Stocks, end of month, total
Crude petroleum
Natural-gas liquids..
Refined products
do
do
.do
do
820.6
248 1
35.2
537.3
5 831. 1 5 792 9
246 9
249 2
33.8
24.0
5 550. 4 5 519 g
759 5
240 4
20.9
498 3
defined petroleum products:
Gasoline (incl. aviation):
Production
Exports
Stocks, end of month
_do
do
do
131. 9
5
188.6
5 135. 7
6
3 192. 8
209. 4
132.7
5
214.7
Prices (excl. aviation) :
Wholesale, ref. (Okla., group 3)
$ per gal..
Retail (regular grade, excl. taxes), 55 cities
(1st of following mo.)
._
„$ per gal_.
r
1
s 135. 4
3
201. 0
5
123.7
9
9
126.9
6
204. 8
109
9r
133.4
2
195. 7
q g
0
0
13 8
14.8
"333 4
950 o
35.4
36 9
ins
3
H
16 5
17.0
DCO
<1
9CA
A
38.8
<0
n
o
i r\
16 2
17! 2
Qf>A
2
7n
°98 7o
miq q
6* 0
313 8
142 0
12 5
r
A Q
31.3 0
385 1
ir A
91 O
43 8
OU. 4
6 9
20! 9
4 1
29. 5
6
( A .^
f\
36 1
p 2 9°
35 6
41 8
14 6
16.1
14 2
17. 6
•j A
Q
007 a
9/1 ^ ^
A
949 1
OQA
f-
41.4
43.1
43.8
rqo q
42.1
33.7
t-.A" A
OJ .
136.8
141.5
144.0
135.7
138.2
192.6
184.7
178.3
181.3
178.3
135.6
./
181.3
144.1
.9
190 9
! - - - - -
.113
.109
.105
.093
.110
.115
.120
.125
.115
.108
.115
.110
.090
.105
P. 105
.204
.201
.202
« 3.93
.198
.204
.192
.208
.208
, 208
.200
.197
.201
.204
.106
Revised.
* Preliminary.
Monthly average based on Apr.-Dec. data.
2 Data beginning Jan. 1963 not entirely comparable with those for earlier periods.
1 725
2 93
°60 >;>
87
3
4
Beginning Jan. 1963, data exclude eondensate wells formerly included.
Less than 50,000 bbls.
5 See note 1 for p. S-36.
9 Includes data not shown separately.
§Includes nonmarketable catalyst coke.
S-36
SURVEY OF CUKRENT BUSINESS
1962
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
1963
Monthly
average
Jan.
Feb.
Mar.
Apr.
June
May
1964
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued
Aviation gasoline:
Production
__mil. bbl__
Fxports
do_ _ _
stocks end of month
do
Kerosene:
Production
_
do
Stocks e n d o f month
_ _ _ _ _ do
Price, wholesale, bulk lots (N.Y. Harbor)
$ per gal__
Distillate fuel oil:
Production
mil. bbl__
Imports
do
E xports
do
Stocks end of month
do
Price, wholesale (N.Y. Harbor, No. 2 fuel)
$ per gal-Residual fuel oil:
Production
mil. bbl__
Imports
do
Exports
do
Stocks end of month
do
Price wholesale (Okla No 6)
$ per bbl
Jet fuel' (military grade only) :
Production
- -.mil. bbl_.
Stocks end of month
do
Lubricants:
Production
do
Fxports
do
Stocks end of month
do
Price, 'wholesale, bright stock (midcontinent,
f o b Tulsa)
___$pergal_.
Asphalt:
Production
mil bbl
Stocks end of month
do
Liquefied petroleum gases:
Production
- do
Transfers from gasoline plants
do
Stocks (at plants, terminals, underground, and
at refineries) end of mo
mil bbl
Asphalt and tar products, shipments:
Asnhalt roofing,
total
thous. squares—
Roll roofin"1 and cap sheet
do
Shin°les all types
_ _ do
A.snhalt sidin^
Insulated sidin(r
Saturated felts
do
do
thous sh tons
10.2
.4
10.5
13.1
30.6
10.4
.4
10.7
9 6
.2
12 1
9 1
.5
11 7
10 7
4
12 3
10 5
3
12 2
11 2
1
12 0
10 9
5
11 6
11 0
3
10 4
11 ?
3
95
9 5
5
96
10 0
.5
93
98
5
88
10 8
6
94
i 13.8
31.7
i 15.7
i 26.1
15.1
22.4
14.5
23 2
13.6
27 3
11.9
29 6
11 7
32 3
12 9
35 2
12.5
36 ?
12.2
36 0
14.9
39 1
14.8
39. 1
16 2
34 1
1
.104
.102
.106
106
.106
106
.101
101
101
101
.096
.096
099
104
60.0
1.0
.7
133.4
163.8
.8
1. 2
* 135. 8
i 70.8
1.1
1.1
1
111.7
66.6
.8
3.0
87.8
68.4
.6
1.1
83 9
57.3
.6
1.2
91 7
60.2
.6
1.2
103 2
60.1
.7
1 0
123 4
62.4
.7
10
145 2
63. 3
.6
1.1
165 2
63.2
.7
1.4
177 2
63.9
.9
1.1
191.4
62.9
1.0
1.3
192.6
65.8
.8
4
156 7
P 104
.092
.092
.096
.096
.096
.096
.091
091
091
091
.086
.086
089
094
P 094
24.6
22.0
1.1
46.6
1 58
123.1
22.9
1.3
148.6
1.57
128.2
34. 5
.8
i 46.9
1.55
25.3
30.3
1.5
43.6
1.65
25.4
24.0
1.1
42.9
1 65
21.5
24.8
1.3
44.7
1 55
21.0
19.1
1.3
46.6
1 55
21.8
15 3
10
48 1
1 55
21.7
18 1
11
50 9
1 55
21.8
16.9
1.4
52.5
1 55
21.5
15,7
1.7
52.6
1 55
21.0
23.2
1.0
54.4
1 55
22.5
20.7
1.8
52.2
1 55
25.0
31 6
1.3
47 5
1 55
p 1 80
8.6
8.7
8.3
9.4
7.7
9.8
7.1
9.0
8.4
9.8
8.2
9.3
8.6
9.6
9 0
10 2
91
10 2
8.9
9.6
8.5
9.3
7.8
8.6
8.3
8.9
78
85
5.1
1.5
12.8
5.3
1.5
13.7
5.1
1.1
13.3
4.8
1.3
13.8
5.1
1.4
14.1
5.2
1.9
13.7
5.5
1.8
13.2
53
13
13 4
5.6
18
13 4
5.4
1.5
13.4
5.4
1.6
13 8
5.4
1.5
13 4
5.3
1.4
14.0
5.0
18
14 3
. 261
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
9.1
16.3
9.3
16.7
5.0
16.3
4.6
18.2
6.5
20.7
8.6
23.8
11. 1
20.9
I? 9
16 8
13.2
14.5
12.4
12.8
11 3
10.4
8.2
11.9
69
14 4
6.4
14.9
i 4.7
14.9
14.6
22.7
4.4
18.5
4.9
14.0
4. 8
11.1
5.0
11.1
12 1
19 8
4.9
10.6
5.0
12 7
4.9
12.8
4.4
12. 1
4 2
13. 5
4.2
16. 5
50
23 3
33.6
130.2
U9.6
15.8
18.7
22.5
27.2
31.9
35.5
38.5
41.2
41.8
39.4
30.3
5,365
1,913
3,451
5, 261
1,968
3,293
4,165
1 , 534
2. 631
1,957
805
1,152
3,242
1,356
1,886
5, 580
2, 035
3,545
6,491
2,290
4,202
6,268
2,140
4,128
7,761
2, 769
4,992
6, 964
2,611
4,354
6,386
2,447
3,938
7, 138
2,790
4,348
4. 406
1.743
2.663
2, 773
1. 091
1,682
3. 028
1. 172
1.856
67
77
82
66
71
80
67
42
85
28
30
44
42
48
63
66
87
86
60
84
91
56
81
86
77
93
108
77
100
93
80
93
80
104
102
97
86
56
71
49
37
55
43
31
64
p 270
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulp wood:
Receipts
Consumption
Stocks end of month
Waste paper:
Consumption
Stocks, end of month
thous. cords (128 cu. ft.)
do
do
3, 668
3,673
5,225
3,816
3,847
5,124
3,737
3, 794
5, 366
3,649
3, 601
5, 470
3,919
3,922
5, 407
3,517
3, 812
5, 137
3,772
4. 006
4, 897
3,574
3,860
4,652
3,656
3,555
4,819
4,370
4,150
5,180
3,945
3,754
5,118
4,335
4,102
5,353
3,821
3,975
5, 116
3, 495
3, 626
4. 976
thous sh. tons
do
756
498
728
500
719
478
691
461
745
510
739
526
775
510
742
509
663
529
762
515
737
494
797
506
710
465
657
497
2,326
106
1,358
214
2, 453
114
1,458
224
2, 438
121
1, 436
224
2, 279
115
1, 353
213
2,539
114
1,519
232
2,421
103
1,437
229
2. 578
116
1.535
233
2, 397
122
1,424
210
2,308
108
1,361
209
2, 576
121
1,549
?99
2,390
106
1,416
211
2,631
124
1, 555
242
2,593
120
1.551
230
2.283
97
1. 357
229
286
WOODPULP
Production:
Total, all grades
Dissolving and special alpha
Sulfate
Sulfite
thous. sh. tons..
do
do
do
Ground wood
Defibrated or exploded
Sodn, semichem., screenings, etc
Stocks, end of month:
Total all mills
Pulp mills
Paper and board mills
'Vonpaper mills
do
do
do
283
104
261
2
289
117
-' 251
2114
2258
273
114
213
296
123
256
289
113
249
306
117
270
276
113
251
274
111
245
295
120
262
280
124
253
310
125
274
308
124
261
280
106
215
do
do
do
do
878
297
509
72
3713
263
3372
78
3691
285
3333
73
682
266
341
76
721
271
376
74
729
282
369
77
710
274
358
78
721
279
364
79
721
256
380
85
721
952
378
90
706
243
381
82
707
246
384
731
264
394
73
717
235
408
Exnorts all tirades, total
Dissolving and special alpha
\13 other
do
do
do
99
40
59
118
44
75
21
54
136
60
76
116
46
71
97
34
62
148
56
92
108
37
71
120
39
80
130
48
82
128
55
73
116
41
76
106
38
67
142
49
93
Imports, all grades, total
Dissolving and special alpha
\U other
do
do
do
232
23
210
231
22
210
200
21
179
226
21
205
236
22
214
226
28
198
222
256
24
231
229
21
208
242
220
16
204
258
23
235
225
19
206
236
22
214
200
221
235
PAPER AND PAPER PRODUCTS
I- a per and board:
Production (Bu. of the Census):
All grades, s.ot-i,!, seas, adj
thous. sh. tons.~~3~137~ 3,254
All grades, total, unadjusted
.do
1, 382
1,437
Paper
do
1, 509
1, 458
Paner board
do
14
11
W'ct-m'ichine board
do
284 i
297
Construction paper and board
do
r
Revised.
P Preliminary.
i Beginning Jan . 1963, d ata for tJ ie
certain oils which have beenreclassified as petrochen lical feet stocks.
!
3, 243
3.172
3,104
3,317
1,378
1, 467
1,465
1,560
11
12
249
279
indica ;ed items exclude
3, 197
3,181
1,419
1,484
11
267
3. 193
3. 245
1,455
1. 482
11
297
3, 293
3,419
1,504
1,578
13
325
2 Effectiv e
3 Eflectiv e
3, 'i 19
$ 027
3, 325 3,306 3, 227
3,300
3, 158
3,014
3,456
3,200
3. a 14 3, 010
3, 273
3,514
1,481
1,388
1, 312
1,387
1. 508
1,540
1,408
1. 359
1,496
1. 529
1,605
1,544
1,387
1.620
11
10
11
11
9
12
13
253
306
293
333
343
306
309
Jan. 1963, "sere >nings, e tc." incl uded wit h "defib rated or exploded."
Jan. 19 33. excliK les stock s of "o\v i pulp" i t paper md board mills.
SURVEY OF CURRENT BUSINESS
larch 1004
nless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1964
1963
1963
Monthly
average
S-37
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
101.4
107.4
96.5
96.0
Feb.
PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS— Con.
aper and board— con.
New orders (American Paper and Pulp Assoc.) :
All °Tides ppper and board
thous sh tons
Wholesale price indexes:
Printing paper
1957-59=100
Book paper A grade
do
Paperboard
do
Building paper and board
do
elected types of paper (APPA) : j
Fine paper:
Orders new
thous sn tons
Orders unfilled end of month
do_ _
3,131
3 255
3 118
3 362
3 351
3 370
3 272
3 176
3 433
3 307
'3 534
3,182
101.4
107.6
93. 1
97.2
101.4
107.4
94 7
96.3
101.4
107.4
94. 1
95.6
101.4
107.4
94.1
95.5
101.4
107.4
94. 1
94.1
101.4
107.4
94.1
95.5
101.4
107 .4
94.1
96.2
101.4
107.4
94. 1
97.5
101.4
107.4
94.1
97.5
101.4
107.4
94.1
97.5
101.4
107. 4
94.1
97.6
101.4
107.4
96.6
96.9
101.4
107.4
96.6
95.9
101.4
107.4
96.5
96.0
166
88
173
99
177
93
171
106
182
104
174
98
177
94
170
92
164
103
179
102
171
103
'192
108
'170
'99
152
87
do
do__ _
170
168
176
174
171
169
166
172
180
186
181
171
188
179
178
175
159
160
185
187
177
170
190
190
'178
'176
164
148
do
do
412
370
453
394
444
344
432
384
480
409
476
422
459
402
454
424
432
396
457
395
472
410
'484
'394
439
375
409
371
do
do
409
409
445
445
428
428
420
420
449
449
454
454
466
466
445
445
412
412
471
471
439
439
'478
'478
'453
'453
420
420
do
..do
346
154
355
164
357
158
350
172
367
165
337
153
376
148
334
151
323
153
369
167
366
182
'383
'185
'358
'177
336
157
do
do
350
343
353
350
347
342
352
344
368
365
354
346
373
371
328
327
311
311
372
363
340
356
'373
'366
'371
'364
347
348
do. __
do
do
558
557
249
553
552
268
518
433
264
444
420
287
513
458
342
550
554
338
599
634
304
539
565
278
551
575
255
586
576
265
551
580
235
630
638
92*7
613
fill
2?9
535
578
186
564
533
017
do
do
do
179
180
39
185
184
37
190
183
32
174
168
37
193
187
43
184
193
34
204
201
37
181
177
40
173
183
31
191
178
44
164
172
36
194
193
37
190
189
38
180
184
34
198
189
43
Consumption by ptiblisherscT
do
Stocks at and in transit to publishers, end of
month of
-thous. sh. tons.
465
465
376
356
435
490
516
483
421
443
490
5^9
594
592
455
586
588
606
604
583
570
585
561
615
632
606
588
559
545
569
Imports
do
Price, roils, contract, f.o.b. mill, freight allowed
or delivered
- $ per sh. ton
456
451
359
371
347
470
494
448
495
456
455
500
463
536
444
134. 40
134. 40
134. 40
134.40
134. 40
134. 40
134. 40
134. 40
134.40
134.40
134. 40
134.40
134. 40
1, 548
523
1,539
94
1, 456
455
1,410
95
1,417
464
1,413
95
1, 596
485
1, 572
97
1, 547
483
1, 535
94
1,607
471
1, 640
94
1, 524
472
1.527
95
1, 506
601
1,396
84
1,725
574
1,707
98
1, 523
611
1.477
92
1,723
610
1,724
99
1, 529
545
1,612
97
1,422
494
1,450
86
1,507
537
1,489
1
88
1,597
538
1 589
90
10, 645
10, 374
11,219
10, 401
10,108
11,804
10, 797
12, 457
10,598
9,803
10, 808
10 426
' 126. 0 ' 123. 7 '131.2
>• 123. 9
'• 120. 3
135.5
Production
Shipments
Printing paper:
Orders new
_ _ _ _
Orders unfilled end of month
Production
Shipments
Coarse paper:
Orders new
- _
Orders, unfilled, end of month
-
Production
Shipments
- -~
Newsprint:
Canada:
Production
Shipments from mills
Stocks at mills end of month
United States:
Production
Shipments from mills
Stocks at mills end of month
Paperboard (National Paperboard Assoc.):
Orders, new
thous. sh. tons.. 1,488
468
Orders unfilled, end of month
_ _ _ do .
1,486
Production, total
.
__do
92
Percent of activity
Paper products:
Shipping containers, corrugated and solid fiber,
shipments
mil. sq. ft. surf, area.. 10, 181
Folding paper boxes, shipments, index of physical
volume
- - 1947-49=100.. 124.1
10, 649
10, 109
9,407
126. 1
-118.7
-112.5
' 129. 6 ' 141. 7
134. 40 p 134 40
' 119. 8 ' 130. 8 p 122. 7
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
thous. Ig. tons__
Stocks, end of month .
...
_do
Imports, incl. latex and guavule ..do ___
Price, wholesale, srnokedsheets (N.Y.)._-$ perlb__
Synthetic rubber:
Production
Consumption
Stocks, end of month
Exports
_ _ _ _
38.56
68. 47
35. 13
". 285
37. 50
72.64
31.60
p. 263
40.98
69.29
30.67
.290
37.58
80.58
48.75
.284
40.71
82. 92
33.88
.271
40. 66
79.39
36.24
.270
39.29
79.24
34.14
.270
35.77
77.76
25.57
.270
32.38
75.19
25.72
.265
35. 08
73.00
31. 68
.253
35.77
68.88
26.24
.230
134. 03
109 08
281. 03
23. 60
138. 55
114 95
281 . 20
7.72
128. 47
103 53
274. 32
29.93
140. 66
112 94
273. 34
28. 36
139. 33
114 96
272. 18
27.38
140 .06
115 16
271 .36
26.92
132.99
103 73
281. 79
20 04
130. 78
92 59
296. 83
24 00
127.30
100 43
296. 27
27 27
124. 59
105 98
292. 20
21 33
23. 38
21.95
29.77
23 43
21.82
30.42
25.40
23. 53
29.67
22.50
22.01
28.52
26.88
23. 30
29.67
25.68
23. 86
29.68
25.02
23.42
29.82
22 76
21.32
29.65
21.10
17.76
32.12
20 06
19. 11
31 22
22 40
21.56
32 26
25 98
25. 45
31 20
91 93
20. 48
30 10
°2 15
20. 07
31 15
...thous.. 11, 156
11, 594
12, 430
11, 709
12,541
12, 558
12,134
11,195
10, 182
9,368
10, 540
13,469
11, 502
11,496
11, 551
3, 919
7, 503
129
11,225
4.113
7,019
93
9,235
3 600
5, 509
126
11,136
4 060
6,942
134
13, 843
4 244
9, 457
142
12, 503
4 261
8,110
132
11, 943
4 075
7,737
131
12, 681
3 507
9,044
131
9,558
1 606
7^819
132
11,232
3 562
7,552
117
14,021
5 163
8, 700
158
10, 746
4 366
6, 263
117
10,491
4 470
5,888
134
thous. Ig. tons.. 131. 20
104. 66
do
257.15
do
do
25. 31
Reclaimed rubber:
Production
Consumption
Stocks, end of month
do
do
do
41.88
64. 30
30 58
.255
34.72
61.32
27. 09
35.13
59. 83
28 61
.240
. 235
. 23r,
129. 87 134.81 140. 95
127 87 '109 39 r 107 4^
275. 28
' 282.29
94 go
22 90
22 51
TIRES AND TUBES
Pneumatic casings:
Production
Shipments, total
Original equipment __
Replacement equipment
Export _
_
Stocks, end of month
Exports (Bur. of Census)
Inner tubes:
Production,.
Shipments
Stocks, end of month
Exports (Bur. of Census)
_ _. _
_
. .
T
do
do
do
do
11, 055
3, 495
7,430
do
do
27, 086
89
29, 978
82
29, 054
24
31, 693
97
33, 193
100
32, 137
102
31,919
83
31 226
78
28 830
97
28 659
81
27 889
78
27 469
86
28 272
82
99 407
73
do
do
do
do
3,403
3 442
8, 913
81
3 305
3 398
9, 462
76
3 954
5 074
8,938
11
3 595
3 572
8,974
92
3 657
3 475
9 297
110
3 529
3 500
9,440
85
3 694
3 168
10,111
84
3 183
2 933
10, 437
62
3 021
3 650
9,818
90
9 792
3 032
9,576
61
2 860
3 115
9^180
82
3 408
3 506
9,155
85
2 897
2 958
9,088
77
3 138
9 799
9,529
75
130
Revised.
p Preliminary.
Effective J a n . 1P64, compiled on basis of 6.5 days per week (formerly, 6 days); not
comparable with earlier data (on new basis, rate of activity in 1963 averaged 87 percent- in
1962, 85 per cent).
1
J Monthly averages for 19C2 for new orders, production, and shipments reflect revisions
to adjusted
annual totals; revisions by months not available.
c?1 As reported by publishers accounting for about 74 percent of total newsprint consumption in 1963.
March 19
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962 j 1963
Monthly
average
1963
Jan.
Feb.
Mar.
May
Apr.
1964
July
June
Aug.
Sept.
Oct.
Nov.
j Dec.
Jan.
1 Fel
STONE, CLAY, AND GLASS PRODUCTS
i
j
PORTLAND CEMENT
Production, finished cement
Percent of capacity
Shipments, finished cement
Stocks, end of month:
Finished
Clinker
_
thous. bbL. 28, 027
75
thous. bbl._ 27, 893
29. 441
74
29, 354
18, 289
47
14, 559
14, 750
42
14, 735
21,525
54
21, 490
29, 314
75
30, 249
34, 497
86
35, 208
34, 992
89
35, 431
36, 802
91
39, 145
37, 459
93
40, 257
34. 682
88
36, 547
36, 624
90
41,352
23. 993
59
16. 958
18.931
46
17.425
do_ _- 36, 720
24, 160
-do
38, 034
23, 079
42, 282
22, 286
42, 293
28, 093
42. 333
31, 802
41,416
31,908
40, 704
30, 142
40, 322
27, 332
38 057
23 884
35 209
19 774
33 236
17, 400
28 485 '32 491 '39 556
13 631 13 820 '16 793
41 062
21 741
616. 5
31.4
145. 8
371.3
24.4
89 3
344.7
24.7
79.0
523.0
31.2
112.7
718.1
38.0
167.8
746.8
35.9
175 2
691.0
35.7
171. 5
746. 5
38.9
176 1
743. 5
35.0
186 9
684 2
30.3
171 1
775.2
33.5
186 4
r 26.8
r 135 Q
431.7
22.8
97 9
30.5
25.6
20.9
25.6
32. 5
36.3
33.6
33.4
34.0
30. 6
36. 5
30.1
26. 6
22. 1
19.9
18.6
21.2
22.4
23.6
23.5
23.3
24.5
22. 8
24,5
21 6
106. 1
105. 7
105.8
105. 8
106.4
106.4
106. 4
106.4
106.4
105.8
105. 8
105. 9
30. 377
77
26, 317
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil. standard brick.. 576. 1
35. 2
Structural tile, except facing
thous. sh. tons.142.8
Sewer pipe and fittings vitrified
do
Facing tile (hollow), glazed and unglazed
mil. brick equivalent. . 34.4
Floor and wall tile and accessories , glased and un21.1
gla7ed
mil. SQ. ft.
Prir-e index, brick (common), f.o.b. plant or N.Y.
104. 9
dock
1957-59 = 100.
622 0
19.9
r
106. 1
106 1 !
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments (qtrly. total and qtrly. r
71, 497
i venice)
thous $
31,612
Sheet (window) glass, shipments
do
Plate and other flat glass, shipments
do. -_
78. 274
35, 370
Glass containers:
Production
67, 441
28. 423
r
75, 501
32. 976
89, 298
41. 314
80. 857
38. 766
'42, 091
thous. gross. - 14. 655
15, 143
14. 5HO
13, 387
15 . 630
15 Ib.j
15. 963
16.250
16, 199
17, 092
14. 807
15. 660
14. 254
12.706
14,424 '
14, 319
Shipments, domestic, total
- --do
General-use food:
1, 582
"N arrow-neck food
do
Wide-mouth food (incl. packers' tumblers,
jelly classes and fruit jars)
thous, cross _ - 4, 110
14. 722
13, 232
12.078
14, 89S
14,531
15,805
15,879
15. 568
17,722
14.806
15. 48i
13,281
13. 384
13, 7J4 !
1, 598
1,2"8
1.196
1.401
1,419
1,45X
1.3! l.i
1, M9
2 970
2. 759
1 8°S
1.186
l.°04
1 331 i
4. 100
4. 165
3, 56S
3, 933
3, 736
3, 9SS
4.0.-50
4.045
5 °7S
4.131
4, 633
3. 847
3. 84.S
4 1S1
1,187
2. 183
1 , 209
1, 350
2, 453
1.294
S43
1.570
1.11*5
1.413
2 5d 2
1.32*
1. 540
1.653
1,206
1,903
2, 977
1,316
2. i n
1,969
3,l ) »H
1,049
1. 4:50
•',083
1,333
858
1 971
991
2 1." i
1.640
1 38°
1.391
845
2. (-54
1 2Mi
3 066
786
134
3 062
739
127
3 290
745
130
2 934
3 ,390
824
107
2 NNQ
800
'•* 876
lor
3 213
804
116
•> , jXS
750
101
10s
123
do
22, 921
25 533
22, 931
24, 504
25, 450
26, 034
26,147
26,210
do
1 355
2. 492
I. '',72
2, 542
P. ovora^e
Beer bottles
Liff't'or and wine
do
_do
do
"Modicuial and toilet
Chemical, household and industrial
Dairv p r oducts
do
do ...
do
^f'H'k" end of month
83r,
1 . 2S3
3.215
1 , 345
r
'MSI
26 459
959
2, 101
3 4 2
7*>4
13'*
3 095
1M>
1 . 337
9 Q3]
6 Si
138
26 0"0
25 ifio
95 r>(\'>
°6 390
3 431
813
1/V
2. 286
i •>')8
' 648
1>4
9
9 704
5«4
148
••? %3
639
5 559
9f> on 7
.. .
115
GYPSUM AND PRODUCTS
f ' r u d r gypsum, qtrly. avg. or total:
"Production
1.U16
2. 140
1 ~-fi 'I
1 375
9 ~.'|9
9 ()0'>
9 49-)
2. 403
r
9 . >!8
2 226
< " < Vincd. production qtrlv avc orto^al
do
2, 205
9 9%
G M i s n n i products
sold or used, qtrly. avg.
or
T't'calfined ii^<jci
thou 53 sh
In lu^trKii u^os
P.uiHirjsuF's:
Plushrs:
Bn^e-coat
^ 11 other (incl Keene's cement)
total:
tons
do
I (512
67
1,027
70
6S5
68
1 911
79
1 °03
70,
047
257
259
250
237
201
283
2"()
°*4
9
89
932
240
396. 2
3<S7. ;j
1 657 9 1 777 4
62. 0
58.9
1.5,12.4
49.4
401 . :\
437. 0
1 («94 8
6Q 0
365 0
1 7'^ 1
60 0
Tv^th
Willboard
\11 other!
do
do
mil sq ft
do
do
1 832
'>•
68 8
;
69
;
TEXTILE PRODUCTS
WOVEN FABRICS
Woven fabrics (gray goods), weaving mills:
Cloth woven, totaL_
mil. linear yd
Cotton
do
Stocks, end of year or mo., totalcf—.do
Cot tone?
do
Orders (unfilled), end of year or mo., total «f_do
Cotton f
_rlo
975. 5
760. 2
1. 488. 0
1, 192. 5
2, 472. 3
1.848.9
981. 9
756.9
1, 509. 3
1, 176. 7
2, 491. 5
1, 800. 8
11,107.3
i 855. 2
U,556.0
11,239.8
12.260.6
11,658.4
923. 5
712. 4
1.541.1
I! 221. 6
2,285.0
1,661.1
940. 4
723. 3
1.496.1
1, 179. 0
2, 344. 5
1, 708. 8
11.131.4
i 881. 4
11,473.8
U,152.1
12,247 °
il,629."l
929. 4
713. 9
1,490.1
1,153.4
2.271.3
1,637.5
929.4
710. 0
1.518.0
1.165.0
2.311.0
1,672.1
i 923. 2
i 710.7
11,491.5
11,133.6
12,436.3
11,760.3
934.4
720, 9
1,506.1
1,158.5
2. 506. 4
1,798.8
939. 8
719.1
1,505.0
1.164.0
2. 546. 1
1,848.8
1,328
4,774
U,179.7
i 915.3
11,475.7
11,149.9
12.827.9
1
2,023. 4
' 957. 0 887. 6
684. 2
736. 3
'1,494.5 1. 564. 0
1, 168. 0 1.235.6
2, 968. 9 2, 892. 8
2, 127. 1 2. 081. 8
10, 065
12,834 3 14, 070
i 829
5 1 5. 548
678
605
j
COTTON
Cotton (exclusive of linters) :
Production :
GinningsA
thous. running bales _. 214,864
Crop estimate , equivalent 500-lb. bales
thous, bales. .214,867
Consumption O
_ do_
'726
Stocks in the United States, end of mo., total O
thous. bales. _ '14,790
>-l4,687
Domestic cotton, total O
do
3, 465
On farms and in transit
. do
r
9, 564
Public storage and compresses O
do
r 1, 658
Consuming establishments
do
'103
Foreign cotton total O
do
245
414,606
700
1
i
!
i
1
r 1 791
r
656
666
r
l 7,
r
17,786
274 ''16,040 -•14,930
17,658 !7, 137 -•15,912 '•14.809
'595
3, 537
1,178
808
12,762 ' 14, 374 ••13,479
"•12,551
1,359 r 1,585 r 1, 625 r 1, 663
'121
128
-137
'128
'Revised.
i Data cover
5 weeks; other months,
4 weeks.
2 Total crop for year.
4
5
Ginnings to Dec. 13.
Ginnings to Jan. 16.
Dec. 1 estimate of 1963 crop.
§ Comprises sheathing, formboard, and laminated board.
cf Stocks are those owned by weaving mills and those billed and held for others, except
t h a t stocks exclude denims stocks billed and held for others, and all bedsheeting stocks.
J
i 685
667
663
12. 814 '11,921 '11,216
a 3. 720 '12.708 '11,822 '11,123
526
290
311
280
r
ll,543 r 10. 894 '10,183 r 9, 647
'1.651 r 1. 524 '1.328 ' 1, 196
'-99
'93
'106
••113
24, 531
24, 395
13, 532
9.807
1.056
136
24. 046
23. 899
11, 230
11,688
981
147
i 809
r
13. 833
r 694
r
662
23, 360 22, 296 '21, 170
23. 207 22, 146 21,019
4,391
2. 354
6, 948
1 5, 209 16.510 17. 260
1 , 245
1,405
1.050
153
149
'151
4
15, 124 j _ _ _
i 814 i
19.561
19, 422
1,267
16, 557
1. 598
139
!
^Excludes orders for wool apparel fabrics and bedsheeting.
ATotal ginnings to end of
month indicated, except as noted.
0Revisions for Aug.-Dec. 1962 are available; for stocks,
monthly averages also reflect cotton released by GSA from the cotton stockpile (beginning
July 1962).
SURVEY OF CURRENT BUSINESS
March 1964
1962
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
S-39
1964
1963
Monthly
average
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Jan.
Dec.
Feb.
TEXTILE PRODUCTS—Continued
COTTON— Continued
Cotton (exclusive of linters)— Continued
Exports
thous. bales -Imports
- - do
Prices (farm), American upland
cents per lb__
Prices, middling 1", avg., 15 markets
do
Cotton linters:
* ConsumptionO _
Production
Stocks end of moO
_ __
321
363
11
12
131.7 •o 2 31. 9
1 33. 5 p 2 33. 1
MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly. ave, or total
mil. Ib
Filament yarn (rayon and acetate)
do
Staple, incl. tow (rayon)__
do ....
Noncellulo^ic (nylon, acrylic protein etc ) do
Textile glass fiber _ _
do
Exports:
Yarns and monofilaments
thous. lb__
Staple, tow, and tops
do
Imports:
Yarns and monofilaments
do _
Staple, tow, and tops__
do
Stocks, producers', end of mo.:
Filament yarn (rayon and acetate)
mil. lb_Staple, incl. tow (rayon).
_
do
Noncellulosic
fiber
do
Textile glass fiber _ . .
do
Prices, rayon (viscose):
Yarn, filament. 150 denier
$perlb__
Staple, 1.5 denier
do
Manmade fiber broadwoven fabrics:
Production, qtrly. avg. or total 9 t __mil. lin. yd
Rayon and acetate (excl tire fabric)
do
Nylon and chiefly nylon mixtures
do
Polyester and chiefly polyester blends
do
Exports, piece goods
thous. sq. yd..
WOOL
Wool consumption, mill (clean basis) :$
Apparel class
thous. lb__
. Carpet class
. . ...
do
\Vool imports, clean yield§
do
Duty-free (carpet class)§*
do
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
Graded territory,
fine
$ perlb_.
Gradedfleece,$6 blood.
.
do
Australian, 64s, 70s, good topmaking. .
do
299
2
310
2
244
5
183
3
33.1
34.1
384
24
32.6
34.1
32.5
33.9
31.8
33.4
274
79
361
4
32.5
34.0
32.0
33.2
32.7
33.1
32.9
33.1
'3117
'115
<• 3 99
38
'555
114
106
66
485
155
502
3131
18, 681
15, 757
18, 696
15, 758
'105
'108
'3130
'112
'814
'829
'834
'791
'717
'620
18,797
16,754
9,911
458
8,801
18, 627
15, 826
18, 611
16, 222
18,541
18,630
18, 586
15, 890
18, 509
15, 737
18, 609
15, 767
.660
.938
.644
.912
.646
.910
.643
.910
10.8
10.6
9.8
9.4
5.4
5.5
5.9
.51
34, 691
38, 671
25.24
.52
'109
141
'635
111
194
9,863 311,206
448
456
8,359 3 9, 705
171
16, 029
9,316
466
8,044
150
15, 995
113
9,394 311,482
470
459
8,043 3 9, 771
.643
.909
79
9,277
464
7,856
.643
.910
.643
.910
9.7
9.4
9.3
5.5
5.4
5.4
.60
.62
.58
30, 935
38, 173
25 20
16, 219
30, 662
25.10
37, 099
52, 933
24.81
34, 358
56, 323
39.6
15.4
17.0
38.1
15.9
17.0
38.3
15.4
17.0
r 590. 7
181.5
125.0
242.6
r
47.6
657 8
177 4
144.8
287 1
48 5
9,177
4,281
8,198
4,184
2,808
7,747
4,467
8,421
1,818
3,046
8,300
4,056
809
5,463
679
10 460
569
4,542
747
9,988
700
8,232
10, 899
62.1
41.9
62.2
39.8
60.2
36.8
'99.9
28.5
59.1
36.2
57.2
31.9
.82
.26
.82
.26
.82
.26
.82
.26
.82
.27
r
5 27. 0
5
.82
.27
682.8
397.0
754.2
428.5
75.9
147.8
11, 633
73.7
188 2
12, 972
539
532
582
7.63
5 951
4 497
23, 354
12 404
23, 088
11, 802
20, 932
13, 438
23, 804
13, 995
1.247
1.090
1.155
1.326
1.175
1.285
3
36, 764
33, 606
22, 672
33, 389
35, 266
25.27
26.23
26.73
26.92
26.87
38.2
15.9
16.9
37.7
16.0
16.9
37.7
16.3
16.9
37.7
17.0
17.1
37.7
17.0
17.8
^37.7
38.3
15.6
17.0
38.3
15.6
17.0
38.3
15.7
17.0
38 3
15.7
17.0
38.3
15.7
17.0
7 622 2
' 613. 4
169. 6
139. 3
' 259. 4
'45.1
18, 348
8,011
1.310
1 145
1.215
1.325
1 154
1 275
!4,383
.47
27, 543
31, 087
25. 80
38.3
15.5
17.0
22, 634
13, 448
37, 253
18, 639
25, 017
.42
27, 543
35, 263
.39
31,681
24.25
8,197
8,330
4,003
8,008
5,556
8,662
6,080
7,980
4,715
645
512
837
884
484
10, 294
723
12, 262
804
7,616
10, 063
10, 155
13, 089
12, 913
15, 462
56.5
29.4
92.2
28.0
58.5
32.1
58.5
32.1
57. 3
33.9
109.7
'27.9
53.1
38.5
50.4
'35.7
47.0
37.9
124 2
30 3
.82
.27
.82
.28
.82
. 28
.82
.28
.82
.28
.82
.28
.82
.28
10, 492
13, 689
415 3
71.8
177 6
13, 439
13, 283
454 7
74 9
200 3
14, 693
427
6.80
6.93
757.5
430.4
487
492
7.70
r
4 349
536
6.48
13, 684
767
6.16
806
6.42
4 205
21, 198
13 813
24, 747
15, 538
11 127
20, 065
11, 160
3 19 169
29,' 637
22, 047
22,217
1.325
1 151
1 275
1.275
1 125
1.275
1.300
1 140
1.275
1.325
1 175
1 275
1.325
1 175
1 275
105.4
104.6
105.4
104 6
104.6
21,510 321,125
20. 107
13 511
15, 973
9,160
4,309
510
P . 82
v . 28
795.5
725.0
591
»17.0
*17.8
189.3
152.6
311 9
52.2
10. 889
3,139
4,679
26 85
706.0
' 670. 0
' 176. 6
146.0
' 298. 8
'48.6
22, 193 3 25, 218
14, 330 3 16 163
32, 156 24, 983
16, 970 12, 874
1. 325
1.160
1.275
.645
.911
2,072
' 641. 6
174.2
141.2
' 278. 2
48.0
4,895
r3
5.1
.41
23.84
7.48
463
9 742
.48
24.54
301
3
.49
26, 918
32, 832
13, 334
18, 591
15 596
11, 579
11.0
32, 139
35, 783
72.1
187 8
13, 676
3
5.5
33, 817
52, 501
24.18
7.87
8,563
428
7,220
12.8
.52
33, 746
39, 150
24.71
341
18, 625
15 656
5.0
.56
7.86
9,538
477
8,000
12.3
.60
267
18, 660
15, 653
5.1
.60
7.67
18, 742
15, 753
9,345 311,788
467
472
7,903 3 9, 903
29.4
33.3
194
770
11.5
5.3
738.9
6.03
3 129
5.3
6.4
13, 024
99
' 178
' 709
210
657
10.5
5.4
16, 398
100
214
571
v . 655
v .923
5.4
413.8
76.2
187.0
14, 954
30.1
33.2
.655
.923
10.1
733
628
1
31.3
33.2
.650
'.920
2,242
9,874
4,346
501
5
32.5
33.1
.645
.911
12.6
742.7
4,995
.640
.911
9,344
467
7,870
9.6
28 7
.82
.26
18, 638
15, 692
9,280 3 9, 819
393
464
7,833 3 8, 162
.640
.911
2,250
53.2
56.8
48.4
35 5
578.2 5 106 5
48
.640
.911
2,314
SILK
Imports, raw
thous. lb_
Price, raw, A A A, 20-22 denier 0
$perlb
Production, fabric, qtrly. avg. or total t
thous. lin. yd
522
2
440
5
30.9
33.8
135
674
. __ thous. bales..
do
- do_ _.
COTTON MANUFACTURES
Spindle activity (cotton system spindles):
Active spindles, last working day, total. -thous. ._
Consuming 100 percent cotton
do
Spindle hours operated, all fibers, total
mil...
Average per working day
do
Consuming 100 percent cotton
do __
Cotton yarn, natural stock, on cones or tubes:
Prices, f.o.b. mill:
20/2, carded, weaving
$perlb_.
36/2, combed, knitting
do
Cotton cloth:
Cotton broadwoven goods over 12" in width:
Production otrly avg or total t
mil lin yd
Orders, unfilled, end of mo., as compared with
avg. weekly production
No. weeks' prod-Inventories, end of mo., as compared with avg.
weeklv production
No. weeks' prod_.
Ratio of stocks to unfilled orders (at cotton
mills) end of mo seasonallv adjusted Exports
__ -.thous. sq. yd Imports
__
_ _ _ _ do __
Mill margins
cents per Ib
Prices, wholesale:
Denim, mill
finished
cents per yd...
Print cloth, 39. inch, 68 x 72
do
Sheeting, class B, 40-inch, 48 x 44-48_.._do
211
30.4
33.4
(6)
792
6.25
^5.97
4 540
18, 126 320,806
13 610 315 961
16, 039 20, 576
10, 395 14, 725
16, 166
12 040
13, 728
1. 325
1 191
1 275
1.325
1 205
1 275
1.325
1 226
1.275
104.6
104.6
107.1
6,857
16, 841 322, 738
10 696 313 642
25, 896 21, 593
14, 755 11, 751
1.425
1 255
1 455
1.425
1 255
1 455
107.9
107.9
1.450
1. 255
1. 455
WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, Bradford
system, wholesale price
1957-59=100.
105.4
100.6
105.4
105.4
105.4
Woolen and worsted woven goods, exc. felts:
Production, qtrly. avg. or total! thous. lin. yd. 77, 465 71, 638
76, 988
Apparel fabrics, total... _ _ _
do __ 75, 310 68, 872
73 640
Women's and children's
do
45, 423 43, 380
41, 654
Suiting, price (wholesale), flannel, men's and
boys, f.o.b. mill
1957-59=10094.9
95.8
95.8
95.8
95.8
2
' Revised.
* Preliminary.
1 Season average.
Season average to Feb. 5 1, 1963.
3
Data cover6 5 weeks; other months,7 4 weeks.
* Data are for month shown.
Qtrly.
average.
Less than 500 bales.
Revised 4th quarter 1962.
9 Includes data not shown separately.
0 Revisions for Aug.-Dec. 1962 are available.
©Beginning Feb. 1963, price in skeins, AAA grade; comparable Jan. 1963 price, $7.67 per
pound.
$ Revisions for 1st half of 1962 are available upon request.
§Beginning
Jan. 1963, includes small quantities of carbonized wool imports in actual weight.
67, 583
65 544
45, 451
78, 166
75 246
46, 837
95.8
95.8
95.8
95.8
95.8
95.8
63, 813
61 057
39, 577
95.8
95.8
95.8
95.8
*New series. Data cover wools, not finer than 46s, and camel hair, duty-free, for use in
the manufacture of rugs, carpets and certain specified items. Prior to the Feb. 1964 SURVEY,
imports of apparel class wool were shown; however, the calculated difference between total
wool imports and the former apparel class is not comparable with the present carpet class
since the former apparel class included duty-free wools, finer than 40s. Monthly data for
1959-62 are available upon request.
SUEVEY OF CURKENT BUSINESS
S-40
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1063
edition of BUSINESS STATISTICS
1962
1963
Monthly
average
March 1964
1963
Jan.
Feb.
Mar.
Apr.
May
1964
July
June
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
16 350
Feb.
TEXTILE PRODUCTS—Continued
APPAREL
thous. doz. pairs. _ 14,343
14, 965
14, 834
14, 459
15,452
13,760
14, 839
14, 721
14, 392
17,094
14, 921
17, 418
14, 338
13, 349
thous. units. . 1,685
401
1,799
2,167
1,834
1,965
1,666
1,131
1,838
2,011
314
489
1,589
268
2,026
388
1,896
247
1,787
1,677
943
9,527
1,068
1,181
1,262
1,179
730
8,876
10,214
882
8,843
1,929
1,548
2,201
1,918
9,480
2,276
1,022
2,191
992
9,595
1,024
2,061
1,054
9,120
2,071
2,100
667
7,384
281
303
366
313
425
335
410
311
475
341
373
307
325
219
Women's, misses', juniors' outerwear, cuttings: t
Coats
thous. units. _ 2,002
20, 880
Dresses
do
806
Suits
do
21, 930
2,046
2, 529
2,001
22, 353 '18,933
858
'796
1,727
16, 107
1,370
Hosiery shipments
Men's apparel, cuttings: t
Tailored garments:
Suits
_
Coats (separate), dress and sport
do
Trousers (separate) dress and sport
do- ._
Shirts (woven fabrics) dress and sport- thous. doz_
Work clothing:
Dungarees and waistband overalls
do
Shirts
do
Blouses waists and shirts
Skirts '
'
-
thous. doz__
do
-
656
329
220
1,128
473
2,156
9,229
2,235
9,659
2,237
10,486
2,208
318
293
321
314
342
327
342
338
363
351
325
340
372
283
1,948
21, 031
1,080
2,353
2,155
27, 320
1,041
826
21, 902
1,123
30, 486
1,191
25, 036
2,161
20, 721
19, 340
828
1,363
1,332
1,400
1,617
683
705
1,538
825
8,942
501
8,349
776
682
896
595
1, 359
945
734
2,488
1,180
874
2,739
21, 061
813
813
1,263
1,371
1,005
935
343
2,440
18, 874
636
1,263
804
316
1,218
1,640
978
231
8,383
158
1.853
770
1,351
1,041
690
607
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
3,740
2,996
3,329
4,688
4,004
4 373
3,931
3, 124
3, 572
5,194
4,003
4,680
3,993
3,139
3,915
3,117
3,919
3,144
4,171
3,419
Backlog of orders end of year or qtr. $ _
do __ i 12,630
1110,066
U 8 Government
do
4, 988
Aircraft (complete) and parts
do
1
1, 540
Engine^ (aircraft) and parts
do
Missiles, space vehicle systems, engines, pro13,714
pulsion units and parts
mil $
Other related operations (conversions, modifica1 1, 363
tions) products services
mil $
13, 440
10, 992
5,239
1,419
13, 472
10, 995
5,438
1,406
14, 495
11, 579
5, 345
1,484
4,409
4,250
5,102
1,331
1,309
Orders new (net) qtrly avg or total
mil. $
U S Government
do
Prime contract
do
Sales (net), receipts or billings, qtrly. avg. or total
mil $
TJ S Government
do
1,387
81.8
1,682
27.3
57.2
1.340
19.8
47.3
1,321
21.8
62.2
1,428
37.6
60.2
1,553
33.7
49.0
1,226
33.2
51.4
1.256
15.8
57.4
1,250
7.0
47.1
1,023
9.3
48.7
1,097
18.5
58.4
1,199
13.2
63.3
1,380
11.6
52.8
1,306
20.9
88.1
2,045
15.4
681.1
654.6
577.8
562.8
103. 3
91.9
758.4
730 0
636.5
620 3
121.9
109.7
791.0
768.6
670.2
658.0
120.8
110.6
723.7
698.8
607.9
592. 8
115. 8
106. 0
782.5
753.4
654.1
637.1
128.5
116.3
818.0
789.3
689. 2
671.8
128.8
117.4
840.2
812.4
711.8
695. 1
128.3
117. 2
804.1
778.1
687.5
672.9
116.6
105.2
790.0
763.7
660.9
649.4
129.1
114.2
251.4
240.3
167.8
165.1
83.6
75.2
598.8
566.1
481.8
463.0
117.0
103.1
945.7
906.2
804.0
779.2
141.7
127.0
873.3
836.8
748.5
726.2
124.7
110.6
881.8
846.4
754.0
733.0
127.8
113.5
20, 100
number
do _ 11, 246
do_ - 8,855
23 295
12,852
10,443
6,591
3,370
3,221
25, 916
12, 849
13, 067
22, 729
12, 652
10, 077
21, 189
11,623
9,566
22, 437
12, 056
10,381
23, 667
14, 151
9,516
17, 596
6,846
10, 750
13, 241
3,519
9,722
17, 142
8,294
8,848
32, 370
14, 998
17, 372
42, 056
29, 066
12, 990
34, 607
24, 799
9,808
33, 080
32, 063
36, 551
35,326
32, 904
32, 020
37, 472
36, 567
43, 197
41, 040
43, 351
41, 974
37, 644
36, 197
31,049
29, 814
39,804
38, 663
21,964
21, 240
32,350
31,019
38, 835
36, 834
39, 086
38, 504
40, 952
40, 037
5,650
3,730
996
6,118
3 863
772
5 726
3,896
627
5. 385
3,609
805
6,147
3,970
1,108
5,922
3, 574
1,108
6,389
3,851
1.296
5,888
3, 643
649
5,927
3,515
601
6,240
3,773
462
6,170
3,754
547
6,940
4,318
632
6,487
4,311
621
6,191
4,142
806
_ thous__
do _
do
578.2
28.3
89.1
629 7
32 1
103.7
553.9
27.0
90.5
498.0
27.6
82.4
624.2
32.5
99.2
758.8
42.7
120.0
714.7
39.4
107.6
691.6
35.9
102.8
706.0
34.5
111.3
552. 9
31.5
105.0
403.6
33.7
93.5
714.7
32.2
117.1
640.2
26 4
100.4
712.0
35 8
114.6
613 8
37 2
102.8
numberdo
do ._
3,046
1,962
1,085
3,747
2,608
1,140
2,445
1,330
1,115
3,074
1,820
1,254
4,026
2,639
1,387
3,755
2,812
943
2,405
1,719
686
3,701
2, 685
1,016
4,017
3,016
1,001
4,141
2,907
1,234
4,327
2,984
1,343
4,725
3, 366
1,359
3,911
2 925
986
4,442
3 087
1,355
5 253
3 299
1 954
do
do
do .
3,076
1,979
1,097
5,182
3,679
1,503
3,816
2,965
851
5,074
3,385
1,689
5, 522
3,100
2,422
2,570
2,110
460
5,978
5, 349
629
2 349
1,908
441
4 354
2, 083
2,271
3,020
2,986
34
2 319 '8 516 T g 273 r!0 392
1,921 ' 3, 787 ' 6, 673 r 7,878
398 4,729
1 600
2 514
10 803
3,444
7 359
Unfilled orders, end of vear or mo
_ _ _ do _ _
Equipment manufacturers, total _ _ - do
Railroad shops, domestic
_ __do
14,315
6,788
7,527
22, 183
12,645
9,538
17, 565
9,177
8,388
19, 952
10, 785
9,167
21,307
11,155
10, 152
19,872 23, 364
10,401 14, Oil
9,353
9,471
21,959
13, 233
8, 726
21, 925
12. 279
9,646
20, 749
12, 303
8,446
18, 388
11, 188
7,200
22, 196
11,626
10, 570
26 611
15 425
11, 186
32 311
20 161
12, 150
23
174
16
198
0
126
0
136
0
153
0
203
0
213
9
204
26
178
43
250
42
220
35
202
24
178
14
317
37 836
20 291
17 545
5
352
1,552
8.0
1,515
6.8
1,547
8.2
1,545
8.3
1,543
8.3
1,537
8.1
1,531
7.7
1,530
7.6
1,531
7.9
1,528
7. 7
1, 527
7. 7
1,521
7.1
1,519
70
1,515
68
1,513
65
Aircraft (civilian)' Shipments® _ __ ._ do
Airframe weight 0 thous. lb_
Exports
mil. $
MOTOR VEHICLES
Factory sales, total
Domestic
Passenger cars, totalDomestic
Trucks and buses, total.
Domestic ,..
.. thous__
do
do__ _
do
do _.
do__ _
_
Exports, total
Passenger cars (new and used)
Trucks and buses
..
Imports (cars, trucks, buses), total c?
do
Passenger cars (new and used) d*
- . do
Production, truck trailers:
Complete trailers, total
do
Vans
do
Chassis van bodies, for sale separately
do. _
Registrations:©
New passenger cars . . .
Foreign cars
New commercial cars (trucks)
2
884. 6 2 807 5
2
744. 7 2 (375 g
2
139 9 2 132 o
RAILROAD EQUIPMENT
Freight cars (ARCI):
Shipments
Equipment manufacturers, total
Railroad shops, domestic
_
New orders
Equipment manufacturers, total
Railroad shops, domestic
Passenger cars' Shipments
Unfilled orders, end of mo
Freight cars, class 1 (A AR) : §
Number owned, end of year or mo
Held for repairs, % of total owned
do
do
thous..
r
1
Revised.
Reflects year-end adjustments and changes in accounting practice involving the concept of backlog. 2 Preliminary estimate of production.
t Monthly revisions for Jan. 1961-Oct. 1962 are available upon request.
9 Total includes backlog for nonrelated products and services and basic research.
®Data include military-type planes shipped to foreign governments.
cf Data cover complete units, chassis, and bodies.
©Courtesy of R. L. Polk & Co.; republication prohibited.
§ Excludes railroad-owned private refrigerator cars and private line cars.
U.S. G O V E R N M E N T P R I N T I N G O F F ! C E : I 9 6 4
%
INDEX TO CURRENT BUSINESS STATISTICS, Pages S1-S40
SECTIONS
General:
Business indicators
Commodity prices
Construction and real estate
Domestic trade
1-7
7, 8
9, 10
10-12
Employment and population
Finance
Foreign trade of the United States
Transportation and communications
12-16
16-21
21-23
23, 24
Industry:
Chemicals and allied products
Electric power and gas
Food and kindred products; tobacco
Leather and products
25
26
26-30
._ 30, 31
Lumber and manufactures
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and paper products
31
32-34
35, 36
36,37
Rubber and rubber products
Stone, clay, and glass products
Textile products
-Transportation equipment
37
38
38-40
40
INDIVIDUAL SERIES
Advertising
10, 11,16
Aerospace vehicles
40
Agricultural loans
16
Air carrier operations
23
Aircraft and parts
3, 13-15, 40
Alcohol, denatured and ethyl
25
Alcoholic beverages.
8, 10, 26
Aluminum
23, 33
Apparel
1, 3, 4, 7, 8, 10-15, 40
Asphalt and tar products
35, 36
Automobiles, etc___ 1,3-6, 8, 10,11, 13-15, 19, 22, 40
Balance of international payments
2
Banking
16, 17
Barley
27
Barrels and drums
33
Battery shipments
34
Beef and veal
28
Beverages
4, 8, 10, 26
Blast furnaces, steel works, etc
13-15
Bonds, outstanding, issued, prices, sales,
yields
18-20
Brass and bronze
33
Brick
38
Broker's balances
20
Building and construction materials. 8,10, 31, 36, 38
Building costs
9, 10
Business incorporations (new), failures
7
Business population
2
Business sales and inventories
4, 5
Butter
27
Cans (tinplate)
33
Carloadings
24
Cattle and calves
28
Cement and concrete products
8-10, 38
Cereal and bakery products
8
Chain-store sales, firms with 4 or more and 11
or more stores
12
Cheese
27
Chemicals
4-6, 8, 13-15, 19, 22, 25
Cigarettes and cigars
8, 30
Civilian employees, Federal
14
C!ay products
8, 38
Coal
4, 8, 13-15, 22, 24, 35
Cocoa
23, 29
Coffee
23, 29
Coke
24, 35
Communications
2, 13-15,20, 24
Confectionery, sales
29
Construction:
Contracts
9
Costs
9, 10
Employment, hours, earnings, wages
13-16
Highways and roads
9, 10
Housing starts
9
New construction put in place
1, 2, 9
Consumer credit
17, 18
Consumer expenditures
1, 2
Consumer goods output, index
3, 4
Consumer price index
7
Copper
23, 33
Corn
27
Cost of living (see Consumer price index)
7
Cotton, raw and manufactures
7f 8, 22, 38, 39
Cottonseed cake and meal and oil
30
Credit, short - and intermediate-term
17, 18
Crops
3, 7, 27, 28, 30, 38
Crude oil and natural gas--4, 13-15, 35
Currency in circulation
19
Dairy products
Debits, bank
Debt, U.S. Government
Department stores
Deposits, bank
Disputes, industrial
Distilled spirits
Dividend payments, rates, and yields
Drugforstores,
sales__
Digitized
FRASER
3, 7, 27
16
18
11, 12, 17
16, 17, 19
16
26
1,3, 18-21
11,12
Earnings, weekly and hourly
14-16
Eating and drinking places
11, 12
Eggs and poultry
3,7,29
Electric power
4, 8, 26
Electrical machinery and equipment3,
5,6, 13-15, 19,22,34
Employment estimates
12-14
Employment Service activities
16
Expenditures, U.S. Government.
18
Explosives
25
Exports (see also individual commodities)
1,
2,21-23
Express operations
23
Failures, industrial and commercial
7
Fans and blowers
34
Farm income, marketings, and prices
1, 3, 7
Farm wages
16
Fats and oils
8, 22, 29, 30
Federal Government
finance
18
Federal Reserve banks, condition of
16
Federal Reserve member banks
17
Fertilizers
8, 25
Fire losses
10
Fish oils and fish
29
Flooring, hardwood
31
Flour, wheat
28
Food products.-, 4-8, 10, 11, 13-15,19, 22, 23, 27-30
Foreclosures, real estate
10
Foreign trade (see also individual commod.) 21-23
Foundry equipment
34
Freight carloadiriga
24
Freight cars (equipment)
4, 40
Fruits and vegetables
7,8,22
Fueloil___
35,36
Fuels
4, 8, 35, 36
Furnaces
34
Furniture
3, 4, 8, 11-15, 17
Furs
23
Gas, output, prices, sales,re venues
4, 8, 26
Gasoline
1,35,36
Glass and products
38
Glycerin
25
Gold
19
Grains and products-.7, 8, 22, 24, 27, 28
Grocery stores
11, 12
Gross national product
1, 2
Gross private domestic investment
1, 2
Gypsum and products
8, 38
Hardware stores
11
Heating equipment
8, 34
Hides and skins
8, 30
Highways and roads
9, 10
Hoga
28
Home Loan banks, outstanding advances
10
Home mortgages
10
Hosiery
40
Hotels
14,15, 24
Hours of work per week
14
Housefurnishings
1, 4, 7, 8, 10-12
Household appliances and radios
4, 8, 11, 34
Housing starts
9
Imports (see also individual commodities)- 1, 2,22, 23
Income, personal
2, 3
Income and employment tax receipts
18
Industrial production indexes:
By industry
3, 4
By market grouping
3, 4
Installment credit
12,17, 18
Installment sales, department stores
12
Instruments and related products
3, 13-15
Insulating materials
34
Insurance, life
18, 19
Interest and money rates
17
Inventories, manufacturers' and trade
4-6, 11
Inventory-sales ratios
5
Iron and steel._ 3, 5, 6, 8, 10, 13-15, 19, 22, 23, 32, 33
Labor advertising index, disputes, turnover
16
Labor force
12
Lamb and mutton
28
Lard
28
Lead
33
Leather and products
3,8, 13-15,30, 31
Life insurance
18, 19
Linseed oil
30
Livestock
3, 7,8, 24,28
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit)
10, 16, 17, 20
Lubricants
35, 36
Lumber and products
3, 5, 8, 10-15., 19, 3 1
Machine tools
34
Machinery
3,5,6,8, 13-15, 19,22,34
Mail order houses, sales
11
Manmade fibers arid manufactures
8,39
Manufacturers' sales (or shipments), inventories, orders
4-6
Manufacturing employment, production workers, payrolls, hours, earnings
13-15
Manufacturing production indexes
3, 4
Margarine
29
Meat animals and meats
3, 7,8,22,28
Medical and personal care
7
Metals
3-6,8,13-15,19,22,23,32-34
Milk
27
Mining and minerals
2-4, 8, 13-15,19, 20
Monetary statistics
19
Money supply
19
Mortgage applications, loans, rates
10, 16, 17
Motor carriers
23, 24
Motor vehicles
1, 3-6, 8, 10, 11, 13-15, 19, 22, 40
Motors and generators
34
National defense expenditures
1, 18
National income and product
1, 2
National parks, visits
24
Newsprint
23, 37
New York Stock Exchange, selected data . 20, 21
Nonferrous metals
3, 8, !9, 23, 33, 34
Noninstallment credit
17, 18
Oats
.
-
— -
-—
27
Oil burners... „
34
Oils and fata
8, 22, 29, 30
Orders, new and unfilled, manufacturers*
6
Ordnance
13-15
Paint and paint materials
8, 25
Panama Canal traffic
24
Paper and products and pulp
3,
5, 6, 8, 13-15, 19, 23, 36, 37
Parity ratio
7
Passports issued
24
Payrolls, indexes
14
Personal consumption expenditures
1, 2
Personal income
2, 3
Petroleum and products
4-6,
8,11,13-15,19,22,23,35,36
Pig iron
32
Plant and equipment expenditures
2, 20
Plastics and resin materials
25
Population
12
Pork
.
28
Postal savings
17
Poultry and eggs
3, 7, 29
Prices (see also individual commodities)
7, 8
Printing and publishing
4, 13-15
Profits, corporate
-_ 1, 19
Public utilities
~
2-4, 7-9, 13-15, 18-21
Pullman Company
24
Pulp and pulpwood
.
36
Purchasing power of the dollar
8
34
Radiators and cpnvectors
Radio and television
4, 8, 10, 11, 34
Railroads
2,13,14,16, 18,20,21, 24, 40
Railways (local) and bus lines
13 -15, 23
39
Rayon and acetate
Real estate
10, 17, 18
18
Receipts, U.S. Government
7
Recreation
34
Refrigerators and home freezers
7
Rent (housing)
Retail trade
4, 5, 7,11-15, 17, 18
Rice
.
27
Roofing and siding, asphalt
36
4-6,
Rubber and products (incl. plastics)—
8, 13-15: 23,37
Rye
„
-.__
27
2
Saving, personal
Savings deposits
17
19,20
Securities issued
20,21
Security markets
Services
1, 2, 13-15
28
Sheep and lambs
Shoes and other footwear
8, 11, 12,31
Silk, prices, imports, production
,_ 8, 39
Silver
19
Soybean cake and meal and oil
30
Spindle activity, cotton
39
Steel ingots and steel manufactures
32,33
Steel scrap
32
Stock prices, earnings, sales, etc
20, 21
Stocks, department stores
12
Stone, clay, glass products
3-5,8, 13-15, 19,38
34
Stoves and ranges
Sugar
23, 29
Sulfur
25
Sulfuric acid
25
Superphosphate
25
Tea imports
29
Telephone, telegraph, cable, and radiotelegraph carriers
13--15, 24
Television and radio
4, 8, 10, 11,34
Textiles and products.. 3, 5, 6, 8, 13-15, 19, 22, 38^0
23, 33
Tin
Tires and inner tubes
8, 11, 12, 37
Tobacco and manufactures
4-8, 10, 13-15, 22,30
22,34
Tractors
Trade (retail and wholesale)
4, 5, 11, 12
Transit lines, local
23
Transportation
1, 2, 7, 13-15, 23, 24
Transportation equipment
3-6, 13-15, 19,40
23, 24
Travel
Truck trailers
40
Trucks (industrial and other)
34,40
Unemployment and insurance
12, 16
U.S. Government bonds
16-18, 20
U.S. Government
finance
18
Utilities
„
2-4, 9, 13-15, 18-21, 26
Vacuum cleaners
Variety stores
Vegetable oils
Vegetables and fruits
Vessels cleared in foreign trade
Veterans'benefits
Wages and salaries
Washers and driers
,
Water heaters
Waterway traffic
Wheat and wheat
Wholesale price indexes
Wholesale trade
Wood pulp
Wool and wool manufactures
Zinc
„
34
11, 12
30
7, 8, 22
24
16, 18
flour
1, 3, 14-16
34
34
24
28
8
4, 5, 7,13-15
36
__ 7, 8, 23, 39
33, 34
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