Full text of Survey of Current Business : May 1959
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MAY
U.S. DEPARTMENT
OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
1959
SURVEY
OF CURRENT
BUSINESS
No. 5
MAY 1959
U.S. DEPARTMENT OF COMMERCE
FIELD SERVICE
Albuquerque, N. Mex.
321 Post Office Bldg.
CHapel 7-0311
Memphis 3, Tenn.
22 North Front St.
JAckaon 6-3426
Atlanta 3, Ga.
66 Luckie St. NW.
JAckson 2-4121
Miami 32, Fla.
300 NE. First Ave.
FRanklin 9-5431
Boston 9, Mass,
U. S. Post Office and
Courthouse Bldg.
Liberty 2-5600
PAGE
THE BUSINESS SITUATION
Introduction
1
National Income and Product in the First Quarter 1959 •
2
*
*
*
Public and Private Debt in 1958-59
8
Saving and Investment..
8
Government Debt
9
Corporate Financing
Cheyenne, Wyo.
207 Majestic Bldg.
Tel. 8-8931
Cincinnati 2, Ohio
36 E. 4th St.
DUnbar 1-2200
Cleveland 1, Ohio
E. 6th St. & Superior
Ave.
CHerry 1-7900
11
Personal Saving and Investment
,
11
Rise in the Business Population
15
Recent Experience of Growth Products
20
*
MONTHLY BUSINESS STATISTICS
Statistical Index
Charleston 4, S.C
Area 2,
Sergeant Jasper Bldg.
RAymond 2-7771
Chicago 6, 111.
226 W. Jackson Blvd.
ANdover 3-3600
SPECIAL ARTICLES
*
Buffalo 3, N.Y.
117 Ellicott St.
MAdison 4216
Dallas 1, Tex.
500 South Ervay St.
Riverside 8-5611
Denver 2, Colo.
19th & Stout St.
KEystone 4-4151
Detroit 26, Mich.
438 Federal Bldg.
WOodward 3-9330
*
S-l to S-40
Inside back cover
Greensboro, N.C.
407 U.S. Post Office
Bldg.
BRoadway 3-8234
Houston 2, Tex.
405 Main St.
CApitol 2-7201
Published monthly by the U.S. Department of Commerce, LEWIS L. STRAUSS,
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Phoenix, Ariz.
137 N. Second Ave.
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1031 S. Broadway
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Seattle 4, Wash.
909 First Ave.
MUtual 2-3300
MAY
1959
By the Office of Business Economics
E
XTEXSION of the business advance at a better-thanseasonal pace, and on a broadening scale, is evident from the
Purch asing Power Moves Ahead in 1959
data now available for the spring quarter. This follows upon
the large advance in the opening quarter which is measured
and reviewed in the summary of the national income and
product later in this issue.
Demands are rising briskly in most markets. In fact, the
only broad area of demand which is still lagging is the
foreign market. Exports in recent months have tended
lower. With imports rising, and despite a decline in the
outflow of capital, the adverse balance in our foreign transactions has continued high. In recent weeks, the gold outflow has resumed after a temporary halt earlier this year.
Billion Dollars
400
Persona/ Income
^-
300
200
V -'
..,-
.
Wages and Salaries
AT
1
!
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
I
Highier consumption reflects this
400
~~
Disposable Personal Income
~~
300
Personal Consumption
200
fl
I
I
!
1
I
1
I
I
1
T
T
1
T
T
f
f
T
I
1
AndI greater use of installment credit
60
Credit Extended
\
40
\
20
0
_
Repayments
1
I
1955
1
1
1
1
1
1956
I
J
f
1957
T
1
f
1958
T
f
I
f
t
f
1959
Quarterly Totals, Seasonally Adjusted, at Annual Rates
U. S. Dep artment of Commerce, Office of Business Economics
59- 5-'
Size of income rise
The strong current performance of the economy is evidenced clearly by the rise in personal income. Figures for
April place the overall total at a seasonally adjusted annual
rate of $372y2 billion—up more than $3 billion from March
and about $7y2 billion from February. Increases in the
preceding half year had averaged around $1 billion per
month. April personal income was $23 billion, or 6^ percent, larger than in the same month of 1958.
The current upsurge in the flow of income to individuals
has reflected wholly an enlarged volume of disbursements
from productive activity. Transfer payments have changed
little as the continuing decline in unemployment insurance
benefits has approximately counterbalanced the general uptrend in other types of social insurance benefits.
The income expansion has centered primarily in wages
and salaries. At annual rates, aggregate payrolls in the
economy advanced about $3 billion in both March and April,
reaching a record high of $253 billion.
Employment up
The advance in payrolls, in turn, has derived principally
from higher employment, although further increases in
hourly earnings and hours worked also have contributed.
The employment reports for April indicate an extension of
the significant improvement which had been noted for
March—sizable gains in number of jobs and an accompanying reduction in unemployment.
Seasonally adjusted employment in nonagricultural establishments in April, totaling 51.8 million, was up more than
600,000 from February. Increases in March and April were
of roughly similar magnitude, with about half of the total
rise reported in manufacturing where it was concentrated in
the durable goods industries. Improvement was especially
marked in the broad metals group.
Employment has also picked up considerably in the con-
SURVEY OF CUEEENT BUSINESS
struction industry, where more-than-seasonal expansion has
occurred in a number of types of projects. Employment
increases this spring have been registered by most other
broad industrial divisions of the economy—as, for example,
trade, services, and finance.
Government fiscal position improved
The rise in corporate profits and personal incomes in the
past year has been a primary factor in the improvement of
the Federal Government's fiscal position. As shown in the
following section, the $10 billion deficit on national income
and product account recorded in the second quarter a year
ago had declined to a rate on the order of $2 billion by the
opening quarter of this year. For the current quarter, little
change in Federal outlays and a further increase in taxes
are expected. It seems likely that by midyear the Federal
budget as measured in the national income accounts will be
approximately in balance on a seasonally adjusted basis.
The conventional administrative and cash budgets, on the
other hand, will continue to register sizable deficits in the
spring quarter. The main reason for this difference is that
in these budgets corporate profits taxes are recorded on a
receipt basis—rather than on an accrual basis as in the national income accounts—and hence do not yet reflect the
recent upturn of corporate profits.
Rise in retail sales
The steady advance in personal income has been reflected
in expanding retail sales. Preliminary figures for April indicate sales for the first 4 months of the year at a seasonally
adjusted annual rate of $213 billion, 8 percent above the recession period a year ago. Most of this advance was in
physical volume.
Sales at durable good stores registered another marked
I'ise this spring following the large gains made in the closing
months of last year. This has been especially true for auto-
May 195D
motive dealers, which experienced a 10-percent increase in
their total sales in the first quarter of this year compared to
the fourth quarter of 1958, seasonally adjusted.
Sales by building materials and hardware dealers have
registered a sharp advance so far this year. Seasonally adjusted, sales in the first quarter were more than 3 percent
above the fourth quarter. Furniture and appliance sales
have been tending slowly upward for a year. In both of
these groups the strength in home buying has been a stimulating factor.
Eetail sales of nondurable goods stores were up 5 percent
for the first 4 months of the current year from the corresponding period of a year ago; practically all of the rise
was in physical volume.
Sales of all major groups of nondurables are higher—
increases ranging up to 2 percent—than in the closing
months of last year. Compared to a year ago, the most
marked advances have been registered by general merchandise and drug stores. Sales of food stores have been rising
slowly over the past year and in the first quarter of this
year were 3 percent above a year ago. These sales were
well maintained during the 1957-58 recession. Eetail food
prices averaged somewhat lower this year than a year ago so
that the dollar sales advance reflects a somewhat larger increase in volume.
Little change in overall prices
Prices have shown little net change in recent months and
now average a little higher than a year ago. Both at retail
and wholesale, products of farm origin have shown appreciable declines, and nonagricultural prices have tended upward. For the wholesale group, industrial prices turned up
in mid-1958 and since then have risen a little more than 2
percent—about the equivalent of the rate of rise for the 2
years preceding the recent recession, i.e., mid-1955 to mid1957. During that period farm and food prices were also
rising most of the time, and the average of all prices showed
a rather steady increase.
National Income and Product
in the First Quarter of 1959
1 HE BUSINESS upswing which began a year ago is continuing to dominate the economic scene, the first-quarter
GNP figures show. At a $467 billion annual rate, the Nation's output was up $14 billion from the quarter before and
$40 billion above its early 1958 low.
These increases are primarily the reflection of gains in the
physical volume of production; the overall price advance
has been limited during the past year.
The expansion of markets since 1959 opened has followed
the basic pattern set in the latter part of 1958. Consumer
buying and the swing to inventory accumulation each contributed around $5 billion to the latest GNP rise. Housing
construction registered another $1V2 billion increase, as did
State and local purchases. Net exports declined somewhat
further.
The rise of Federal Government purchases was checked
after the turn of the year, and a limited pickup occurred in
business fixed investment.
The continued improvement in most of the Nation's markets has affected the national income since mid-1958 chiefly
through recovery in the compensation of employees and in
corporate profits. The characteristically volatile profits
share, which during the business downswing fell $12 billion—or 27 percent—at annual rates has since registered an
advance of even larger proportions. This advance and an
expansion of $7% billion in employee compensation accounted for most of the $20 billion rise of national income
during the second half of last year, to a rate of $373-1/> billion in the final quarter. The further substantial increase
which is clear from incomplete data for the opening quarter
of 1959 also centered in these components.
Personal income has shown a lesser rise in this period.
SUKVEY OF CURKENT BUSINESS
May 1959
the impact of higher earnings having been cushioned—like
the effect of the previous decline—by the contracyclical
swing in transfer payments and the short-run insensitivity
of corporate dividends to changes in profits.
The first year of recovery
The first quarter marks the completion of a full year since
the 1958 low point of GNP. It is of some interest to compare
the expansion of output and employment in this period with
the gains recorded during the first four quarters of recovery
following the low of 1949 and that of 1954.
No two cyclical movements are ever more than broadly
alike, of course, and the market readjustment of 1957-59
Percent Changes in Real GNP
in Three Postwar Cycles
The Drop
From previous peak
to low qtr. of—
differed in many important respects from those recorded in
earlier postwar years. The current upswing, for example,
owes part of its strength to an inventory buildup which
reflects special as well as cyclical factors; on the other hand,
the recent decline in net exports has also involved various
special circumstances. Conditions in these and most other
major markets were appreciably different in early 1955, and
of course had been still different in early 1950. Notwithstanding such variations in detail, however, the new quarterly measure of real GNP shows that the advance of close to
8 percent during the past year's recovery was substantially
the same as those recorded for the initial year of recovery
following the lows of 1949 and 1954.
The downward phase, however, was somewhat more severe
in the third postwar recession than in its predecessors. This
difference is reflected in the lesser extent to which a year
of recovery has carried the economy above its previous peak.
Real output in the most recent quarter was 2 percent above
the highs of early 1957. As the adjacent chart shows, the
corresponding gains recorded during the two previous cycles
had been somewhat larger than this.
Besides these movements in real output the rising value
of the GNP has also reflected some advance in average
prices, particularly during the business downswing. A
comparable rise in the index occurred during the four
quarters of business contraction which ended in the spring
of 1954, it may be noted.
1949
CONSUMER INCOME AND BUYING
1954
1958
The Fi'rsf Year of Recovery
\
From fhe, recession low
to—
2nd qtr. 1950
2nd qtr. 1955
1st qtr. 1959
The Net Movement
From previous peak through
first year of recovery
-10
-5
0
5
10
Percent Change
U. S. Department of Commerce, Office of Business Economics
59-5-2
Disposable personal income in the opening quarter of 1959
was at an annual rate of $321 billion, up $5 billion from the
previous quarter. The bulk of this advance was reflected in
personal consumption expenditures, which reached a first
quarter rate above $300 billion. In the absence of significant
price changes overall, the 5-percent rise in personal consumption expenditures since early 1958 has been almost
matched by an increase in the physical volume of
consumption.
A recovery in auto buying has accounted for one-fourth
of the advance in personal consumption expenditures from
year-ago rates. After having reached a seasonally adjusted
low of slightly more than $13 billion at the close of the 1958
model year, auto purchases have moved up 30 percent since
the introduction of the new models last autumn. Most of
the rise was registered early and was followed by a lull. A
further moderate gain came late in the first quarter and was
extended in April. Thus, late data indicate that a spring
upturn in sales may be emerging for the first time since 1955.
Consumer purchases of other durables maintained the $23
billion annual rate to which they had returned after mid1958. Contributing to the strong demand for major kitchen
goods in particular has been the advance in residential construction. During the recession total consumer purchases
of durables other than autos fell only briefly below the
plateau which had been maintained through 1956 and 1957.
Prices having been stable since late 1957, real sales are also
back to the prerecession rate.
With purchases of clothing rising above their 1956-57
level and the expansion in food outlays continuing, personal
expenditures for nondurable goods reached $145 billion in
the first quarter of 1959.
In contrast to the experience of last year, the recent gain
in dollar outlays for food was accompanied by near-stable
prices and involved an increase in real consumption. Since
the first quarter of last year food expenditures have grown
by about 2^ percent while prices have moved fractionally
lower as abnormal supply stringencies eased.
SURVEY OF CURRENT BUSINESS
4
Consumer spending on services has continued to increase
in each recent quarter as the number of households grew.
The slow but steady rise of prices in this area has also continued; during the past year the price advance has contributed nearly as much to total expenditure as has the
expansion of real demand.
INVESTMENT DEMAND
Business inventories and residential construction contintinued as major elements of demand strength; in addition,
the opening quarter of the year was marked by some firming
of plant and equipment purchases.
Advance in inventories
Nonfarm inventories rose by $5 billion, at seasonally adjusted annual rates. Anticipated supply shortages contributed to this advance. The move toward restocking was
quite pervasive in character, however, and seems to have
followed the course of current operating needs, which rose
with the continuing upswing in general business activity. ^
Recent inventory changes have been consistent with experience in the comparable stage of the two preceding postwar
business cycles. After the upturn in national output in the
spring of 1958—as in early 1950 and in the autumn of 1954—
inventories continued to be reduced, although the rate of
liquidation tapered sharply. The ratio of the physical volume of nonf arm stocks to real GNP dropped well below the
postwar average. This ratio declined further in the first
quarter, as the rise in production outstripped that in total
stocks.
A major share of the increase in nonf arm holdings centered
in the durable goods manufacturing industries, in which
earlier reductions had been particularly heavy. The inventory swing in these lines has been associated with large
movements in sales and new orders.
Recent developments in this area have been influenced also
by anticipations of possible interruption in steel supplies.
The advance in the primary and fabricated metals industries carried the holdings of these producers to about the
same levels which had been maintained for some time prior
to the recession. In the machinery and transportation equipment industries, equally heavy absolute increases left inventories almost one-sixth below the prerecession aggregates.
For durable goods manufacturing as a whole the major
part of the first-quarter increase was in purchased materials,
with more moderate rises recorded in goods in process and
in finished goods.
Changes in other nonf arm inventories were on the whole
much more moderate, though in the aggregate they represented roughly one-third of the total increase. In general
these stocks had been subject to far less liquidation than had
those of durables manufacturers, and some of them had
already begun to show increases in the second half of last
year.
In nondurable goods manufacturing the principal increases
during the first quarter occurred in the food and beverage
group and in rubber. In the latter industry strikes materialized in April.
The movement of trade stocks reflected mainly the course
of auto dealers' holdings. As in the final quarter of 1958, a
greater than seasonal expansion in these accompanied
improved sales.
Residential construction strong
Outlays for residential construction during the winter
rose $l1/£ billion to a seasonally adjusted annual rate of
May 1959
/ billion. This was the highest figure on record, being
nearly $3 billion above the peak quarters of 1955.
The 1955 peak, like the present high, was reached a year
after a trough in general business activity. In each case the
Federal Government had taken a number of specific steps to
help release potential demand for new^ dwelling construction. The administrative and legislative actions of early
1958—lowering downpayment requirements, raising interest
rate ceilings, extending the VA programs, and supporting
the secondary market—interacted with the general monetary
policy and prevailing market forces to make the lending of
money on mortgages relatively attractive. As can be seen
from the accompanying chart, lenders last year showed rising
interest in conventional as well as Government-backed
mortgages. This was in contrast to the 1954 experience,
when the increases had been heavily concentrated in the
FHA-VA segment. The financial aspects of these developments are reviewed in the debt article which appears elsewhere in this issue.
Seasonally adjusted housing starts in the first quarter of
1959 wrere more than two-fifths above the low of a year ago.
In line with the experience of early 1955, little chang-e in the
number of starts has been noted on a monthly basis since the
mid-autumn of 1958. As the third panel of the chart shows,
the increase in applications for Government-backed
mortgages has apparently leveled off also.
Business fixed investment firms
Business expenditures for fixed investment—producers'
durable equipment and construction—registered a modest advance in the opening quarter of the year to an annual rate
of $43 billion. This was $5 billion below the prerecession
peak, and $2 billion above the low point of last year. In
the 1953-55 cycle, business outlays for fixed investment had
shown greater strength both in the recession phase and
during the recovery.
The cyclical swing in plant and equipment spending has
centered as usual in manufacturing; the cutback and subsequent expansion in other industries have been less pronounced overall. Among the manufacturing industries the
fourth-to-first quarter rise was about equally divided between
durable and nondurable goods producers.
Outside of manufacturing, the outstanding development
of the first quarter was the rise in spending for transportation equipment. Air carriers' outlays increased as the conversion to jet aircraft was stepped up, and the railroads also
scored advances.
GOVERNMENT DEMAND
Total government purchases of GNP rose $1% billion
in the first quarter, to a seasonally adjusted annual rate of
$96% billion. The increase centered in State and local
governments, and reflected growth in the number of both
school and nonschool employees as well as in highway outlays. First-quarter highway spending, at a $6% billion
annual rate, was up about 10 percent from a year ago, the
increase having accompanied
a rise in activity under the
Federal -aid highwray programs.
The expansion in Federal purchases of goods and services
which began a year ago tapered in the opening months of 4
1959 after having carried the total $5 billion above the low
recorded in late 1957. The leveling off since the turn of
the year reflected primarily the course of nondefense expenditures. Having accounted for over two-thirds of the
expansion during 1958 — largely because of a spurt in CCC
SUEVEY OF CUEEENT BUSINESS
May 1959
price support outlays—nondefense buying dipped in the
opening months of 1959.
Federal deficit shrinks
The first-quarter Federal deficit on income and product
account appears to have been around $2 billion, at seasonally
adjusted annual rates. The substantial decline from the
$7^ billion of the previous quarter and the peak $10 billion
reached in mid-1958 has reflected mainly the recovery in
corporate tax accruals and a rise in social security contributions. Higher ^ yields from other taxes have also contributed to the improvement, the individual income tax
accounting for the bulk of the rise in these. On the expenditure side, a decline in total payments for unemployment
compensation has helped considerably to improve the
budgetary position.
Residential Construction
Spending at new high . . .
20
Corporate profits taxes in the national income accounts,
being measured on an accrual basis, have reflected immediately the vigorous rebound since last summer in corporate
profits. The conventional administrative and cash budgets
count taxes on a when-collected basis, and accordingly do
not yet show the effects of the current improvement in the
tax base.
Social security legislation which went into effect January
1 increased the scale of benefits as well as that of contributions. The growth of payrolls with general business recovery was reflected in the course of social security fund receipts;
the $2 billion rise in the annual rate of such receipts in the
first quarter was due mainly, however, to changes in the
tax provisions for the support of the Old Age and Survivors
Insurance program. Employer
and employee contributions
were increased from 2*4 to 21/^ percent of covered earnings,
rates for self-employed workers were also advanced, and the
maximum amount of taxable earnings for any individual
was raised from $4,200 to $4,800. At the same time1 benefits
went up by an average of 7 percent, resulting in a $ /2 billion
rise in the annual rate of payments.
Net exports off
VALUE PUT IN PLACE
The recent downward movement in net exports continued
in the opening months of 1959. Merchandise exports, which
during 1958 had been approximately stable from quarter to
quarter at an annual rate of a little over $16 billion, dipped
after the turn of the year. Merchandise imports extended
the strong upward movement which has been apparent since
the second half of 1958. In part, this uptrend has been
associated with the economic recovery here. There has been
some growth in the demand for industrial materials and
certain types of equipment, and purchases of a variety of
consumer goods have continued to increase, reflecting a mixture of cyclical and special circumstances.
Petroleum imports expanded at the end of 1958 and rose
further early in 1959. A factor in the movement was the
prospect of mandatory import quotas; these went into effect
early in March, after having been under discussion for some
time.
10
0 I i i i i i i i i i i i i i i i i i i i i t i i i i i i i
after upswing in starts
2.0
PRIVATE STARTS
2
'c
e
.o
S
THE FLOW OF INCOME
1.0
ii
Rise checked in applications for FHA-VA commitments
2.0
APPLICATIONS
1.0
1952
53
54
55
56
57
58
59
Quarterly Totals, Seasonally Adjusted, at Annual Rates
B a s i c d a t a ; BLS, BDSA, FHA,and VA
U. S. Department of Commerce, Office of Business Economics
59-5-3
Reflecting the upturn in market demand, national income
advanced strongly during the second half of last year. The
annual rate of $373% billion reached in the closing quarter
was $22 billion above the low level of early 1958 and $5
billion above the mid-1957 peak.
The rate of increase during the latter half of 1958 was
about $10 billion per quarter. Although data are as yet
incomplete, present indications are that a further increase
at least as large took place in the initial quarter of 1959.
Corporate profits accounted for about three-fifths of the
rise in national income which occurred from the opening
to the closing quarter of last year. Most of the remaining
upswing was in employee compensation and in earnings of
nonf arm proprietors, although property income shares also
edged up during 1958. Farm income reached a high in the
spring quarter and, though tending somewhat downward
since then, remained substantially above its 1957 level.
Employee compensation at new peak
Having fallen sharply after mid-1957 and leveled off in
the first half of last year, total employee compensation advanced in each succeeding quarter. A $7 billion upsurge
SURVEY OF CURRENT BUSINESS
6
May 1959
Table 1—18.—Relation of Gross National Product, National Income,
and Personal Income, Seasonally Adjusted Quarterly Totals
at Annual Rates, 1957-58, and First Quarter 1959
The numbering of the following tables conforms to that used
in U.S. Income and Output, recently issued as a supplement to
the SURVEY (see announcement on the back cover of this issue).
This volume presents a full explanation of the new quarterly
reporting system, as well as data for 1946-57.
[Billions of dollars]
Table 1-3.—Gross National Product or Expenditure, Seasonally
Adjusted Quarterly Totals at Annual Rates, 1957-58, and First
Quarter 1959
[Billions of dollars]
19 58
19 57
1959
1958
IV
III
I
III
II
IV
I
Gross national product
440.3 437.7 445.6 438.9 427.1 430.4 439. 8 453.0 467.0
Personal consumption expenditures
284.4 290.6 288.3 287.2 286.2 288.3 291.5 295.9 300.5
39 9 36.8 40.4 39.6 36.3 35.6 36.1 38.9 40 1
138.0 141.9 140.5 138.8 139.8 141.4 142.9 143.3 145 2
-- 106.5 111.9 107.4 108.7 110.1 111.3 112.5 113.6 115 1
Durable goods
Nondurable goods. _
Services -
Gross private domestic investment
65.3
54.4
66.7
61.5
50.9
50.7
54.5
61.6
70 2
New construction
Residential nonfarm.
Other
36.5
17.0
19.5
36.5
17.8
18.7
36.6
16.9
19.7
37.1
17.6
19.6
36 3
17.1
19.2
34.9
16.2
18.7
36.3
17.9
18 4
38.6
20.1
18 5
40 0
21.7
18 3
Producers'
ment
27.9
22.6
28.0
26.7
22.9
22.3
22.3
23.0
24 5
2.2 -2.3 -8.2 -6.5 —4 2
1.3 -3.1 -9.3 -7.8 -5.4
.0
-.9
5 7
50
durable
-
equip-
Change in business inventories— total
Nonfarm only _ _
Net export of goods and services
1.0 -4.7
.2 -5.8
4.9
1.4
4.8
3.3
1.7
1.7
1.7
.4
-.3
Exports
Imports
Government purchases of goods
and services
26.0
21.0
22.3
20.9
26.0
21.2
24.9
21.6
21.9
20.2
22.4
20.8
22 8
21.2
22 1
21.7
21 5
21 8
85.7
91.2
85.8
86.9
88.3
89.7
92 0
95 2
96 6
Federal
National defense
Other
Less: Government sales
49.4
44.3
5.5
.4
51.7
44.4
7.6
.3
49.7
44.9
5.2
49.1
43.9
5.7
.5
49.7
43.7
6.3
.3
50.7
44. 1
6.9
.3
52.2
44.5
8.0
.3
54.2
45 3
9.2
.3
54 3
45 8
8 8
.3
State and local
36.3
39.6
36.1
37.8
38.6
39.1
39.9
41 0
42 3
Gross national product
Less: Capital consumption allowances
. _Indirect business tax and
nontax liability. _ _
Business transfer payments
_ _
Statistical discrepancy
Plus: Subsidies less current surplus of government enterprises
Equals: National income
Less: Corporate profits and inventory valuation adjustment
Contributions for social
insurance
Excess of wage accruals
over disbursements
Plus: Government transfer
payments to persons
Net interest paid by
government
Dividends
Business transfer payments
Equals: Personal income
IV
[Billions of 1954 dollars]
1957
1957
III
Gross national product
19 58
1959
1958
IV
I
II
III
IV
I
407.0 395.4 409.1 401.2 387.5 388.8 396.9 407.7 418.1
Personal consumption expend! 270.3 269.9 272.9 270.4 266.7 267.4 270.5 274.3 277 9
tures
Durable goods _.
Nondurable goods
Services
38.1 34.8 38.5 37.6 34.6 33.9 34.2 36.6 37.6
132 7 133 5 134.4 132.4 131.5 132 4 134 5 135 5 137 2
99.4 101.5 100.0 100.3 100.5 101.1 101.8 102.2 103 1
I
II
III
IV
I
440.3 437.7 445.6 438.9 427.1 430.4 439.8 453.0 467.0
37.7
39.6
38.1
38.5
38.9
39.3
39.7
40.4
41.0
37.6
38.6
37.9
37.7
38.0
38.3
38. 6
39.4
40.4
1.6
1.6
. 7 -1.5
1.6
.7
1.6
1.6
1.6
1.6
.7 -1.5 -1.2 -3.0
1.6
-.3
1.6
n.a.
1.3
1.3
1.2
1.6
1.4
364.0 360.8 368.7 361.5 351.7 353.9 364.3 373.5
n.a.
1.5
1.6
1.5
1.5
41.9
36.4
43.1
38.8
31.3
32.5
38.0
44.0
n.a.
14.2
14.4
14.3
14.2
14.2
14.2
14.7
14.6
16.4
.0
.0
.0
.0
.8
.8 -1.5
.0
.0
24.6
19.9
24.3
20.0
21.3
22.5
25.2
24.9
24.3
6.2
12.4
6.2
12.3
6.2
12.7
6.2
12.0
6.2
12.5
6.2
12.4
6.2
12.5
6.2
11.8
6.2
12.5
1.6
1.6
1.6
1.6
1.6
1.6
1.6
1.6
1.6
347.9 354.4 351.8
349.7 348.3 351.3 358.6 359.5 365.7
n.a.—Not available.
Table II-2.—Personal Income and Its Disposition, Seasonally
Adjusted Quarterly Totals at Annual Rates, 1957-58, and First
Quarter 1959
[Billions of dollars]
1957
19 57
Wage and salary disbursements
_
Commodity-producing industries
Manufacturing only
Distributive industries
Service industries
Government
Other labor income __
19 58
1958
III
Personal income
Table 1-5.—Gross National Product or Expenditure, Seasonally
Adjusted Quarterly Totals at Annual Rates, in Constant Dollars,
1957-58, and First Quarter 1959
1959
1958
III
1957
19 58
19 57
1957
IV
I
II
1959
III
IV
I
347 9 354 4 351 8 349 7 348 3 351 3 358 6 359 5 365 7
238.1 237.1 240.5 238.0 233.7 233.5 239.9 241.3 247 3
102.2
80.6
63.3
32.6
40. 1
97.3 102.9 100.8
76.4 81.1 79.4
63.3 64.1 63.6
33.6 32.8 33.0
42.8 40.6 40.6
96.3
75.7
63.3
33.2
41.0
95.7
74.7
62.7
33.5
41.7
97.6
76.6
63.5
33.8
45.0
99.6 103 1
78.4 81.7
63.9 65.3
34.1 34. 7
43.7 44 2
8.9
9.1
9.1
9.2
9.0
8.9
9.1
9.3
9.5
Proprietors' income
Business and professional. ._
Farm
43.0
31.4
11.6
45.2
31.0
14.2
43.5
31.7
11.8
42.8
31.3
11.5
44.3
30.6
13.7
45 6
30.7
14.9
45 5
31.1
14.4
45.5
31.8
13.7
45 9
32.4
13 4
Rental income of persons
Dividends
_ _
Personal interest income
11.8
12.4
18.8
12.2
12.3
19.4
12.0
12.7
19.0
12.2
12.0
19.1
12.1
12.5
19.3
12.1
12.4
19.3
12.2
12.5
19.4
12.3
11.8
19.5
12.5
12 5
19.8
Transfer payments _..
Old-age and survivors insurance benefits
_-State unemployment insurance benefits
Veterans' benefits
Other
21.5
25.9
21.6
22.9
24.2
26.2
26.8
26.5
26 0
7.3
8.6
7.5
7.8
7.9
8.7
8.8
8.9
9.5
1.8
4.3
8.0
4.0
4.5
8.9
1.7
4 3
8.1
2.4
4.5
8.3
3.0
4.5
8.7
4.0
4 5
8.9
4.8
4 5
8.8
4.2
4 4
9.0
2 8
4 4
9 2
Less: Personal contributions
tions for social insurance
6.6
6.7
6.7
6.6
6.7
6.7
6.9
6.8
7.7
42.7
37.4
5.4
42.8
37.0
5.8
43.1
37.7
5.4
43.0
37.5
5.5
42.3
36.6
5.7
42.3
36.5
5.8
43.5
37.6
5.9
43.7
37.8
5.9
44.8
38.6
6.2
Gross private domestic investment
57.8
47.4
58.4
54.0
44.5
44.1
47.4
53.4
60.2
New construction
Residential nonfarm. _ _
Other
32.3
15.5
16.9
31.8
16.1
15.7
32.1
15.2
16.9
32.5
15.9
16.6
31.6
15.4
16.2
30.3
14.7
15.6
31.7
16.2
15. 5
33.4
17.9
15.5
34.2
19.2
15.0
24.1
19.1
24.0
22.7
19.4
18.8
18.8
19.3
20.3
Less: Personal tax and nontax
payments
Federal
State and local
.
2 3 — 1 3 —6 5
50
31
.8 -2.7 -8.2 -6.9 -4.9
.8
-.8
5 7
4.3
Equals: Disposable personal income
305.1 311.6 308.7 306.8 306.1 309.0 315.1 315.8 320.9
-.9 -1.9
Less: Personal consumption expenditures
284.4 290.6 288.3 287.2 286.2 288.3 291.5 295.9 300.5
Producers' durable equipment
Change in business inventories—tot al
Nonfarm only
_.
Net exports of goods and services
Government purchases of goods
and services
Federal
State and local .-_
1 4 —3 5
.1 -5.2
3.9
.1
3.7
2.0
.4
.3
.5
75.0
78.1
74.1
74.8
75.9
76.9
78.4
80.9
81.8
42.7
32.3
43.8
34.2
42.3
31.8
41.8
33.0
42.3
33.6
43.2
33.8
44.0
34.4
45.8
35.1
45.7
36.0
Equals: Personal saving
Addendum: Disposable personal income in constant (1954)
dollars
20.7
21.0
20.4
19.6
19.9
20.7
23.6
19.9
20.4
290.1 289.3 292.1 288.9 285.2 286.7 292.3 292.6 296.8
SURVEY OF CURRENT BUSINESS
7
Table II-6.—Personal Consumption Expenditures by Major Type,
Seasonally Adjusted Quarterly Totals at Annual Rates, 1957-58
and First Quarter 1959
Table IV-2. Foreign Transactions in the National Income
Accounts, Seasonally Adjusted Quarterly Totals at Annual Rates,
1957-58, and First Quarter 1959
[Billions of dollars]
[Billions of dollnrs]
19 57
1957
TV
III
I
II
III
IV
.
Services, total _. _
Housing
Household operation
Transportation
Other
39.9
17. 1
17.3
5,5
36.8
14. 1
17.1
5.6
40.4
17.3
39.6
17.1
17.5
5.6
17.0
5.5
36.3
13.6
17.1
5.5
35.6
13.5
36 1
13 2
16. 6
5.5
17.3
5.6
38 9
15.9
17.4
5.6
1957
1958
I
40.1
17. 1
138.0 141.9 140.5 138.8 139.8 141 4 142 9 143 3 145 2
75.6 78.3 77. 1 76.2 77.5 78.6 78 5 78 6 79.5
24.6 24.5 25.1 24.4 23.9 24. 0 24.8 24.9 25.2
10 2 10 4 10.3 10.2 10.3 10 3 10 5 10 7 10 8
27.5 28. 7 28.0 28.0 28.1 28. 5 29.1 29.2 29.7
106.5 111.9 107.4 108.7 110.1 111.3 112.5 113.6 115.1
35 4 37 1 35 7 36 3 36 6 36 9 37 2 37 5 37 8
15 8 16.9 15.8 16.2 16.4 16. 7 17.0 17.2 17.5
9.4
9.5
9.2
9.1
9.1
9.2
9.2
9.0
9.0
46.4 48.7 46.7 47.2 47.9 48.5 49.0 49.5 50.3
,0
IV
I
11
III
IV
I
Receipts from abroad
26.0
22.3
26.0
24.9
21.9
22.4
22.8
22.1
Exports of goods and services - .
26. 0
22.3
26.0
24. 9
21.9
22.4
22.8
22. 1
21.5
26.0
22.3
26.0
24.9
21.9
22.4
22.8
22 i
21.5
21.0
20. 9
21.2
21.6
20. 2
20.8
21.2
21. 7
21. s
1.5
1.3
2
1.2
3.6
1.4
1.9
1.2
.5
1.2
1.3
1.2
.5 — 1.0
l.-l
-1 7
Payments to abroad.
17.4
5.7
195'J
19 58
19 57
1959
284. 4 290.6 288.3 287.2 286.2 288.3 291.5 295.9 300.5
Goods and services, total
Durable goods, total
Automobiles and parts. _
Furniture and household
equipment
_ _ _
Other
Nondurable goods, total
Food and beverages
Clothing and shoes. _
Gasoline and oil
Other...
.. .
19 58
1958
Imports of goods and services
Net transfer payments by
Government
Net foreign investment
3 5
.5
21.5
Table V-2.— Sources and Uses of Gross Saving, Seasonally Adjusted
Quarterly Totals at Annual Rates, 1957—58, and First Quarter
of 1959
[Billions of dollars]
19 58
19
1957
Table III-3.—Government Receipts and Expenditures, Seasonally
Adjusted Quarterly Totals at Annual Rates, 1957-58, and First
Quarter 1959
[Billions of dollars]
Gross private saving _
19 57
1957
IS 58
1959
Personal saving
Undistributed corporate prof-
I
Corporate inventor v valuation adjustment
Capital consumption allowance
Excess of wage accruals over
disbursements
1958
III
IV
I
II
III
IV
79.0
83.3
80.6
76.1
76.1
80.2
83.9
n.a.
37.4
20.7
37.0
17.8
37.7
21.0
37.5
19.0
36.6
15.4
36.5
15.6
37.6
18.4
37.8
21.9
38. 6
n. a.
12 2
11 9
12.3
12.0
12.0
11.9
11.7
11.8
12.1
12.2
12.3
12.4
12.2
12.1
12.1
12.5
12.4
14.2
Federal Government expenditures
79.6
87.3
79.9
80.8
82.8
86.0
88.7
91.4
90.5
Purchases of goods and services
Transfer payments
To persons
Foreign (net)
49 4
17.3
15 9
51 7
21.2
20 0
49.7
17.1
15 9
49.1
18.6
17.2
49.7
19.5
18.3
50.7
21.5
20 3
52.2
22.2
20.9
54.2
21.8
20.5
54.3
21.2
19.8
1.4
6.2
Federal Government receipts. _ _ 82.5
Personal tax and nontax receipts
Corporate profits tax accruals .
Indirect business tax and nontax accruals
Contributions for social insurance
-
Grants-in-aid to State and
local governments
...
Net interest paid
Subsidies less current surplus
of government enterprises. _.
Surplus or deficit (— ) on income
and product account
State and local government receipts. .
Personal tax and nontax receipts
Corporate profits tax accruals Indirect business tax and nontax accruals
Contributions for social insurance
Federal grants-in-aid
State and local government expenditures
Purchases of goods and services
Transfer payments to persons.
I.ess: Current surplus of goverment enterprises
Surplus or deficit (— ) on income
and product account
its
Government surplus on income
and product transactions
Federal . . . . _ . . . _
State and local
. .
Gross investment _
1.5
1.3
1.2
1.4
1.2
1.2
1.2
4.1
5.2
4.3
4.4
4.4
4.8
5.4
1.3
5.6
5.7
5.7
5.7
5.7
5.7
5.6
5.6
6.0
5.7
3.1
3.4
3.1
3.1
3.4
3.4
3.4
3.5
3.4
2 9 —8 3
3 4 — 2
— 6 6 — 10 0
a
8 6 . — 7 4 — 1.8
37.8
40.8
38.3
38.5
38.9
39.8
41.2
43.1
n.a.
5.4
1.0
5. 8
.9
5.4
1.0
5.5
.9
5.7
5.8
5.9
.9
5.9
1. 1
6.2
n. a.
25.4
26. 7
25. 6
25.7
25. 9
26.4
26.9
27 6
28.2
2. 1
2.0
4.3
2.1
4.4
2.1
4.8
2.2
5.4
2.2
6.2
2.2
6. 0
2.0
4 1
5.2
2.0
4.4
39.0
42.5
38.9
40.6
41.6
42.1
42.8
44.0
45.5
36.3
4.0
5
39.6
4.3
(}
36. 1
4.0
.5
37.8
4.1
6
38.6
4.3
.6
39. 1
4.3
.6
39.9
4.3
.6
41.0
4.4
.6
42.3
4.6
.6
18
19
18
18
1.8
19
19
2.0
2.0
-.9
a-1.7
— 1 2 — 1.7
—.6 -2.1 -2.7
2.2 -1.6
n.a.—Not
available.
a
Estimate based on incomplete data.
in the opening months of 1959 brought total compensation
to a record rate of over $265 billion for the first quarter.
This represented an increase of $15 billion over the recession
low.
Increases in average hourly earnings, which continued
Gross private domestic investment.
.. .
..
Net foreign investment
Statistical discrepancy
1959
1958
III
IV
1
II
111
IV
I
66.3
66 0
66.8
64.9
62.3
64.5
68.1
69.1
n.a.
20 7
21 0
20 4
19 6
19 9
20 7
23 6
19 9
20.4
5 7
9 4
6 1
10 3
n a.
9 4
—1 5
S 0
3 1
3 3
— 2 —1 1 —1 1
— 3
5
38 9
39 3
37 7
39 0
38 1
38 5
o
o
0
0
1.7 -10.0
2.9 —8 3
—1 2 —1 7
2.8 -2.3
3.4
^
2 —12
n a.
39 7
40.4
41.0
8 —1 5
0
.0
-9.3 -12.1 -10.1 -8. 4 »-3. 5
— .2 -6.6 -10.0 -8.6 _7 4 a — ] S
-•> 1 — 9 7 — 2 2 — 1 6 _ 9 a — ] 7
68.8
54.6
70 3
63. 4
51.4
51.2
55.0
60. 1
68. o
65.3
54.4
60.7
3 6
61.5
50.9
50. 7
54.5
61.6
.2
70.2
-1.7
.7 — 1.5
.7
-3.0
—.3
3.5
1.9
.5
.5
. 7 — 1.5 -1.2
.5 -1.0
n.a.
n.a.—Not
available.
a
Estimate based on incomplete data.
their long-term upward trend, have been the most important
single factor in the rise in wage and salary disbursements
during the past year. Since the spring of 1958 payrolls
have also reflected an upturn in average weekly hours of
work and a recovery in employment.
Employment has moved up more slowly than the other
factors affecting the wage-salary total, and as recently as
last March was about 2 percent less than in the third quarter of 1957. At a comparable point in the 1954-55 cyclical
upswing, it may be noted, employment was about 1 percent
above the preceding peak. This difference reflected mainly
the lesser advance reported for nonmanufacturing employment this time than last.
For manufacturing as a whole, employment in March of
this year was about 5 percent less than in mid-1957; this
was about the same relative shortfall as the one found at a
comparable stage of the preceding cyclical upswing.
Employment in nonmanufacturing industries is reported
about even with the prerecession high; after a year of business recovery from the 1954 recession, it was 3 percent above
the previous peak. The current statistics on employment
outside of manufacturing are preliminary, however, and revisions in them may affect this comparison somewhat.
(Continued on page 26}
b John A. Gorman
Public and Private Debt in 1958-59
1 HE CHARACTER and volume of debt formation were
markedly affected by the business recession that terminated
early last year, and by the subsequent recovery.
The business recession centered in the production of
durable goods, with sharp cutbacks in durables inventories,
business fixed investment, and consumer durable purchases.
During the downswing, corporate and consumer borrowing,
which are closely associated with these outlays, fell off. As
the economy recovered in the latter part of 1958, outlays on
durable goods stabilized or advanced, as did the associated
forms of debt. With continued strong recovery so far this
year, such debt has risen further.
Government borrowing advanced sharply last year with
the rise in expenditures and decline in tax receipts; and a
spurt in residential construction activity was. accompanied
by a considerable expansion in residential mortgage debt.
Debt changes in 1958
Net public and private debt outstanding at the end of 1958
amounted to over $770 billion, an increase of $34 billion
having taken place during the year. In 1957, the total outstanding had risen $29 billion.
The step-up last year in the rate of debt formation is traceable chiefly to an $8 billion advance in Federal net debt,
which had been reduced in the preceding 2 years.
The rise in State and local debt about maintained its 1957
pace, amounting to around $4 billion for the year. Corporations reduced their current liabilities sharply in the aggregate and their total net debt rose only $3 billion, after having
expanded $12 billion the year before.
Persons and unincorporated enterprises borrowed a net
total of close to $19 billion, $5 billion more than in 1957.
Nonfarm mortgage debt increased almost $13 billion, the
second largest rise in such debt in the postwar period. Farm
debt also expanded, as did financial and commercial obligations; little change was reported in the outstanding total of
consumer credit.
Rise in 1959
Debt developments so far this year have continued to reflect
the progress of the business recovery. As detailed elsewhere
in the SURVEY, nearly all major categories of demand have
moved up in this period. Particularly important for the
current debt situation have been the recovery of consumer
auto buying, the record value of housing activity, and the
higher spending by business for inventories and fixed
facilities.
With these developments, nearly all major categories of
private borrowers have stepped up their demands on the
NOTE.—MR. GORMAN IS A MEMBER OF THE NATIONAL INCOME
DIVISION OF THE OFFICE OF BUSINESS ECONOMICS.
money and capital markets. Specific instances are noted
below as the availability of data permits.
Public debt formation has remained high. State and local
issues have continued to appear in near-record volume. Expenditures exceeded receipts for the Federal Government
also in the early months of the year; most of the rise in tax
accruals had not yet been reflected in collections.
SAVING AND INVESTMENT
The recession phase of last year's cyclical swing in business
was marked by a sharp reduction in private investment.
For the year as a whole, such investment was down substantially from 1957, the rise in residential construction
having only partially offset the decline in business outlays
for capital investment.
Gross private saving was almost unchanged from the 1957
total. The rate of saving was off slightly in the early
months of the recession, as the drop in gross undistributed
earnings of corporations exceeded the rise in personal saving.
With the improvement in business, however, both components were higher in the second half.
For all governments combined, the recession brought a
substantial swing in budgetary position, from a modest surplus to a substantial deficit, The change was most marked
in the case of the Federal Government, but was also apparent for State and local governments, which as a group
recorded a somewhat larger deficit on income and product
account last year than the year before.
With demands for private funds off and governmental
requirements up, there was a corresponding shift in the
pattern of borrowing. Total private debt formation of $22
billion last year was down from 1957. Government borrowing, totaling over $12 billion, showed a sharp rise from 1957.
Corporations and persons alike moved in the direction of
increased liquidity last year.
With corporate saving high and tangible investment down,
nonfinancial corporations added to their holdings of cash
and U.S. Government obligations; their outstanding indebtedness rose only about 1 percent, and there was considerable
refinancing of short-term into long-term obligations.
Personal investment outlays rose somewhat last year, as
increased purchases of houses and a buildup of farm inventories offset decreases in other categories. The rise in investment purchases was financed mainly by borrowing.
With saving unchanged, persons acquired about the same
total of financial assets in 1958 as in the previous year, but
showed a marked preference for fixed-value claims. In particular, deposits with banks and other financial institutions
increased sharply.
With the help of these funds, the institutions in turn
financed a record expansion in their assets.
SURVEY OF CUEKENT BUSINESS
y 1059
Monetary and credit policy
An increase in the volume of liquid assets was facilitated
by Federal Reserve operations as the recession deepened in
early 1958. The monetary authorities utilized all the major
instruments at their disposal to ease credit conditions and
to expand the lending capacity of the banking system.
Discount rates, which already had been reduced in late
1957, were cut further in the first half of last year. Eeserve
requirements against demand deposits were reduced, while
the effects of a gold outflow were approximately offset by
open market purchases of securities.
These actions provided the basis for a record peacetime
expansion in the money supply. Demand deposits (adjusted) were up $5*4 billion over the year. Time deposits
in commercial banks rose $7^ billion.
The bulk of the monetary expansion in 1958 occurred during the first half. After the business upturn the monetary
authorities limited the expansion in bank credit to seasonal
demands, and the discount rate was raised twice.
With business demand for loan funds being slack during
most of the year, commercial banks used their expanded
lending capacity to purchase Government securities in an
amount about equal to net Treasury borrowing. The banks
also acquired a record volume of municipals and w^ere active
in the mortgage market.
With the supply of funds up and loan demand off, interest
rates fell during the business recession. This movement was
reversed after midyear as the economy recovered and the
pace of borrowing increased. The fall which occured was
steeper in short- than in longer-term rates; the subsequent
rise has not yet brought complete recovery in the case of
short-term issues. Bond yields had moved above their
previous peaks by the turn of the year.
While the movement in interest rates generally conformed
to supply and demand conditions, the timing and extent of
the changes, partly reflected market anticipation of the shifts
in these conditions. Thus the steepest drop in yields came
in the early months of the recession, and before there had
been any substantial increase in the money supply; and the
rise in yields was sharpest just at the outset of the business
recovery.
The abrupt turnaround in interest rates early last summer,
in particular, was preceded and accompanied by speculative
activity in the bond markets, involving substantial buying on
margin. With the economic outlook improving and the
prospect of a marked increase in the supply of Federal obligations, there followed substantial liquidation of margined
and other holdings. This switch intensified the rise in
interest rates during the summer, when bond prices underwent the sharpest break in many years.
Pattern of Borrowing in
Postwar Business Cycles
Billion Dollars
CORPORATE DEBT
30
20
-
10
-
0
CONSUMER CREDIT
10
0
NONFARM MORTGAGES
20
10
FEDERAL GOVERNMENT & AGENCY DEBT
10
GOVERNMENT DEBT
OTHER FORMS OF DEBT
10
I
I
Peak
Trough
U. S. Department of Commerce, Office of Business Economics
503956-59
2
Peak
59 -
Total net debt of all governments combined rose markedly
last year, as the Federal component turned upward to register an $8 billion advance and State and local debt increased
$4 billion.
ISTet Federal Government and agency debt1 rose 3% percent
during calendar 1958, to reach a total of $232 /£ billion. This
was the largest increase in the postwar period. Gross debt
amounted to $310% billion at yearend, after an expansion
a little greater than that in net debt. While intra-governmental holdings of Treasury obligations were off $1 billion,
Treasury advances to other Government agencies rose bv
$li/2 billion.
Last year's increase in Federal debt matched the substan-
10
SURVEY OF CURRENT BUSINESS
tial Federal deficit on income and product account. Government outlays rose with the increases in personal transfer
payments, agricultural price support activity, and grants-inaid under the highway program. At the same time Federal
receipts fell off. Corporate tax accruals shrank with the
tax base, arid yields from various other levies tapered.
With expenditures up $71/2 billion and taxes down $3i/>
billion, the $3 billion surplus in national income and product account realized in 1957 was replaced in 1958 by an $8
billion deficit. (The Administrative Budget showed a similar movement, but on a somewhat lesser scale since itmeasures taxes in terms of collections rather than accruals
and shows expenditures exclusive of trust account
transactions.)
The rise in public holdings of Treasury obligations
amounted to $9 billion. Close to $1 billion of this involved
no change in net debt, however, since it replaced Federal
agency securities in the hands of the public. Underlying
the decline in the latter was a shift in the method of financing
the activities of the Federal National Mortgage Association. During 1957, this agency had issued about $2 billion
of debentures to the public, using more than half the proceeds to repay previous Treasury advances. Last year this
procedure was reversed, nearly a billion dollars of publicly
held debt being paid off as the Association increased its
borrowing from the Treasury.
Commercial banks acquired $8 billion of Federal Govern11lent securities during the calendar year. (See chart.) The
Federal Reserve System purchased $2 billion in implementing
its policy of monetary ease, and holdings by nonfinancial
corporations rose about $1 billion, providing an outlet for
the companies' liquid funds.
Individuals, in contrast, reduced their holdings of Federal
securities by about $2% billion last year. A half-billion
dollars of this reduction represented a continued decline in
savings bonds—which, however, was substantially less than
the $2 billion net redemption of 1957 and was concentrated
among the issues of larger denomination. Persons acquired
a net total of almost $1 billion in Series E and H savings
bonds, as sales rose above 1957 and redemptions prior to maturity fell off. Although such redemptions were down for
the Nation as a whole from the exceptionally heavy 1957
volume, there was some indication of increased redemptions
in geographic areas where the recession was especially
severe.
Individuals reduced their holdings of marketable Federal
obligations by about $2 billion, reversing the 1956-57 buildup. These securities are available only in large denominations, so that their ownership is restricted for the most part
to higher income groups in the population. The 1958 reduction in individuals' holdings involved some taking of
capital gains on such bonds during the first half; the attractiveness of such securities was also reduced by the upward movement in the stock market as business improved.
With calls on life insurance companies' loan funds down,
a small net increase in Federal securities held by the carriers
(included in other institutions in the chart) reversed an 11year decline. The business downswing was in similar fashion reflected in the portfolios of mutual savings banks, fire
and casualty insurance companies, and trusteed pension
plans, as all these groups reported a slowing in the rate of
Federal security liquidation.
Savings and loan associations have been steady purchasers
of government securities in recent years, since their liquidity
requirements have increased in line with the advance in their
share capital. They continued to build up their holdings
last year.
State and local governments took a substantially smaller
Mav 1050
volume of Federal obligations for their investment funds
than in any other recent period. The increasing stringency
of State and local finances generally may have been a factor
in this slowdown.
Foreign holdings, including those of central banks, were
about the same at the end of 1958 as at the beginning. In
the first half of the year, however, foreign central banks
and other official institutions reduced their holdings of
short-term Federal securities by about $1 billion, investing
the proceeds in time deposits at commercial banks, which
afforded a higher yield. As interest returns rose in the
latter half of the year, foreign central banks reacquired
about $1 billion of these short-term Governments.
Although Treasury borrowing amounted to $9 billion on
a net basis, the marketable portion rose by $11^ billion last
year, as $2*4 billion of nonmarketable securities matured or
were redeemed prior to maturity.
The rise in marketable Federal debt extended to all major
instrument classes. During the period of relatively low
interest rates in the first half, the Treasury issued bonds
with maturities of 27 and 32 years, carrying coupon rates of
314 and 3^ percent respectively—in contrast with the o%
Commercial Banks Acquired Bulk of
Federal Debt Increase in 1958
DEBT INCREASE
Changes in
Holdings:
Commercial
Banks
Federal Reser
Banks
Nonfinancial
Corporations
Other
Institutions
-2-3 »
Individuals
Data. Treas Oepr
U. S. Department of Commerce, Office of Business Ec<
59
?> ^
percent market yield on long-term bonds which had prevailed in late 1957. Substantial amounts of bonds maturing
in 6 to 8 years were floated in this period, and the Treasury
also issued a number of medium term notes carrying substantially lower interest rates than previously.
After the advance in interest rates which began around
the middle of the year, the Treasury relied more on certificates and other short-term obligations. So far in 1959,
the Treasury has continued to depend mainly on short-term
offerings, although bond issues of limited size were floated
in January
and March. A recent innovation in Treasury
financing1 is the issue of 6- and 9-month bills, to complement
the 3- and 12-month issues previously available by providing a wider ranire of short-term maturities for investors.
SUEVEY OF CUKKENT BUSINESS
May 1959
State and local government debt
The net debt of State and local governments to other economic units amounted to $51 billion on June 30, 1958, about
$4 billion more than a year earlier. (These comprehensive
statistics of State and local government debt outstanding,
unlike other figures presented in this report, are not prepared on a calendar-year basis.)
The pace of new borrowing was stepped up during calendar 1958 as State and local governments expanded construction of schools and highways. As indicated elsewhere in
the SURVEY, this rise in construction activity helped to sustain business during the recession and has been one of the
factors in the recovery. It was financed in part through
higher Federal grants-in-aid, particularly for highways. In
addition current revenues played their usual important role
as a source of funds for these purposes.
Two and a half billion dollars of the increased lending
capacity of commercial banks was applied to the acquisition of State and local government obligations—the largest
annual volume of such purchases on record. Other important sources of loan funds included nonlife insurance
companies and individual investors.
CORPORATE FINANCING
Last year's recession was clearly apparent in the pattern
of corporate fund uses and sources. While liquid asset holdings were increased, physical investment fell 12^ billion, as
inventories were liquidated and plant and equipment spending was cut back. Internal fund sources were off moderately,
a sharp fall in retained earnings being partly offset by a continued advance in depreciation allowances. Demand for new
external funds declined steeply. Short-term liabilities of
nonfinancial corporations were reduced $6 billion after having held about even during 1957, and long-term borrowing
slowed.
Need for funds down
Nonfinancial corporations reduced their inventories $5 billion last year. The decline reached a peak in the second
quarter. It was checked toward yearend, and inventory
accumulation was resumed around the turn of the current
Plant and equipment spending was also reduced in 1958.
Such outlays by nonfinancial corporations amounted to
8261/2 billion last year, 20 percent less than in 1957. The fall
ceased after midyear, and by early 1959 a moderate rise was
reported.
Internal fund sources showed the effect of the business
cycle in a $3^ billion decline in retained earnings, which
totaled $5 billion last year. Profits fell sharply in the manufacturing, mining, and transportation industries in particular. With the continued rise in depreciation allowances, however, the total decline in the flow of internal funds amounted
to only about $2 billion, as compared with the $12^ billion
drop in physical investment.
Reflecting these changes the purchase of tangible assets
absorbed only about 80 percent of the internal funds which
became available, leaving $5 billion for acquisition of financial assets and retirement of debt.
Cash and bank deposits of nonfinancial corporations rose
$'2y2 billion. Part of this advance reflected a sharp increase
in corporate ownership of time deposits in commercial banks.
Corporations also increased their holdings of U.S. Govern-
11
ment securities. The bulk of these purchases were made late
in the year, as internal fund sources mounted with the business recovery while physical investment remained low.
Borrowing of capital
The net debt of all corporations amounted to $247 billion
at the end of 1958. This measure is shown in table 1. It
covers not only nonfinancial corporations but certain obligations of banks and insurance companies as well. These
obligations rose $1 billion during 1958, in line with recentyear growth trends. The other changes in corporate debt
indicated for last year by the table reflect primarily the
experience of nonfinancial corporations.
Although the increase in long-term corporate debt was
substantial, net new borrowing was about $3 billion less than
in 1957. The decline in plant and equipment spending was a
principal factor in this slowdown, which would have been
greater but for the extensive refinancing of short-term bank
debt into longer maturities during the period of low interest
rates early in the year.
This pattern of developments was especially marked in the
manufacturing, mining, and transportation industry groups.
Also helping to sustain the pace of long-term borrowing was
the high level of investment activity maintained in the public
utility industries, which were relatively unaffected by the
recession. These industry groups rely heavily on borrowing
to finance their capital improvement programs.
Short-term liabilities of nonfinancial corporations fell $6
billion last year. This decline involved a sharp contraction in
notes and accounts payable, together with a lesser total of
accrued income tax liabilities outstanding at yearend than
at the end of 1957.
The fall in notes and accounts payable, which centered in
debt to banks, was associated with the liquidation of inventories. In each of the three postwar business cycles, such
liabilities fell sharply during the recession phase and then
increased during the recovery period as inventories were
rebuilt.
The reduction in short-term bank loans accounted for about
two-thirds of the drop in notes and accounts payable. Such
loans had risen sharply during the 1955-57 expansion. The
balance of the decrease in corporate short-term liabilities
stemmed from a reduction in outstanding trade credit.
The drop from 1957 to 1958 in the yearend total of accrued
Federal income tax liabilities which is reflected in the "other
liabilities" of corporate business in Table 1, accompanied the
decline in taxable corporate profits during the business recession. A speedup in the schedule of tax payments also helped
lower the level of these obligations.
The advance in the liabilities of banks and insurance companies (exclusive of deposits and life insurance company
policy reserves) continued at approximately the recent year
rate. Unearned premiums of fire and casualty insurance
companies, the principal components of these obligations,
have grown with the rising value of insured properties and
with recent rate increases.
PERSONAL SAVING AND INVESTMENT
Personal saving last year totaled $21 billion, about the
same as in the previous year. Investment in physical assets
rose slightly, an increase in residential and institutional construction and a buildup in farm inventories offsetting a fail
in the plant, equipment, and inventory investment in unincorporated businesses.
SURVEY OF CURRENT BUSINESS
12
Mar
Table 1.—Public and Private Debt, End of Calendar Year, 1954-58
[Billions of dollars]
Net debt 2
1954
1955
1956
Gross debt 2
1957
1958
1954
1955
1956
1957
1958
Public and Private Debt
611.8
672.2
707.2
736.0
770.2
714.0
786.2
830.7
865.1
901.8
Total public debt
Federal Government and agencv 3
State and local governments
263. 6
230. 2
33.4
269. 9
231. 5
38. 4
268. 1
225. 4
42. 7
271. 1
224. 4
46.7
283. 5
232. 7
50. 9
332. 3
294. 4
37. 9
345. 0
301. 8
43. 2
348. 5
300. 5
48.0
354. 2
301. 7
52.5
367. 8
310. 6
57.2
Total private debt
Corporations
Long-term
Short-term
348. 2
182. 8
82. 9
100. 0
402. 3
212. 1
90. 0
122. 2
439. 1
231. 7
100. 1
131. 7
464.
243.
111.
132.
486.
246.
119.
127.
6
9
5
5
381. 7
216. 3
99. 5
116. 8
441.
251.
108.
142.
482.
274.
120.
154.
510.
289.
134.
155.
9
9
2
7
534. 0
294. 2
143. 9
150. 4
165. 4
17. 6
147. 8
190. 2
18. 8
171. 4
207. 3
19. 5
187. 8
221.0
20. 3
200. 8
239. 7
23. 3
216. 5
165. 4
17. 6
147. 8
190. 2
18. 8
171. 4
207. 3
19. 5
187. 8
221. 0
20. 3
200. 8
239. 7
23. 3
216. 5
94. 7
53. 1
108. 8
62. 6
121. 2
66.5
131. 6
69. 2
144. 4
72. 1
94. 7
53. 1
108. 8
62. 6
121.2
66.5
131. 6
69. 2
144. 4
72. 1
Total public and private debt
Individuals and unincorporated enterprises 4
Farm _5 _
_
_
Nonfarm
Mortgage
Nonmortgage 6 _
9
9
5
3
Federal Debt
Total Federal Government and agency 8 __ _
Federal Government_ __
Federal agency 9 _ _
2
0
1
9
2
9
3
6
37
230.2
231.5
225.4
224.4
232.7
294.4
301.8
300. 5
301.7
310.6
229. 1
1. 1
229. 0
2. 4
222. 6
2. 8
219. 7
4. 7
228. 6
4. 1
278. 8
15. 6
280. 8
21. 1
276. 6
23. 9
274. 9
26. 8
282. 9
27.7
State and Local Government Debt l
Total State and local government debt 10 _
State governments
Local governments
33.4
38.4
42.7
46.7
50.9
37.9
43.2
48.0
52.5
57.2
8. 3
25. 1
9. 8
28. 5
10. 8
31. 9
10. 9
35. 8
12. 6
38. 3
10. 2
27. 7
11. 8
31. 4
13. 1
34. 9
13. 7
38. 8
15. 7
41. 5
Corporate Debt
All corporations
Long-term
Short-term
n
n
__
_
_ __
Notes and accounts payable
Other
Railway corporations
Long-term
Short-term
n
n
Notes and accounts payable
Other
Nonrailway corporations
Long-term
Short-term
n
n
Notes and accounts payable
Other
__ _"_ _
182.8
212. 1
231.7
243.9
246.9
216.3
251.0
274.9
289.9
294.2
82. 9
100. 0
90. 0
122. 2
100. 1
131. 7
111. 5
132. 3
119. 5
127. 5
99. 5
116. 8
108. 1
142. 9
120. 3
154. 6
134. 2
155. 7
143. 9
150.4
50. 5
49. 5
62. 8
59. 4
70. 3
61. 4
70. 0
62. 4
66. 8
60. 7
60. 6
56. 3
75. 4
67. 5
84. 4
70. 2
83. 9
71. 8
80. 1
70.2
12. 2
12. 5
12. 5
12. 5
12.0
13. 5
13. 8
13. 8
13. 7
13. 2
10. 1
2. 1
10. 1
2. 5
10.2
2. 3
10.3
2. 2
10. 1
1. 9
11. 1
2. 4
11. 1
2. 8
11. 2
2. 6
11. 3
2. 4
11. 1
2. 2
.7
1. 5
.8
1. 7
.8
1. 5
.7
1. 4
.5
1. 4
.8
1. 6
.9
1. 9
.9
1. 7
.9
1. 5
.6
1. 6
170. 6
199. 6
219. 2
231. 4
234. 9
202. 8
237. 1
261. 1
276. 2
281.0
72. 8
97. 8
79. 9
119. 7
89. 8
129. 4
101. 2
130. 2
109. 4
125. 5
88. 3
114. 4
97. 0
140. 1
109. 1
152. 0
122. 9
153. 3
132. 8
148. 2
49. 8
48.0
62. 1
57. 6
69. 5
59. 8
69. 2
60. 9
66. 3
59. 2
59. 8
54. 6
74. 5
65. 7
83. 4
68. 6
83. 1
70. 3
79.5
68. 7
1. Data for State and local governments are for June 30 of each year.
2. The concepts used in this report are described in the October 1950 SURVEY. Estimates for the period from 1916 through 1944 appear in the September 1953 SURVEY, while data for the
1945-52 period are contained in the May 1957 SURVEY. Figures for 1953 may be found in the May 1958 SURVEY.
3. Includes categories of debt not subject to the statutory debt limit.
4. Comprises debt of farmers and farm cooperatives to institutional lenders and Federal Government lending agencies, and farm mortgage debt owed to individuals and others.
5. Data are for noncorporate borrowers only.
6. Comprises debt incurred for commercial (nonfarm), financial, and consumer purposes, including debt owed by farmers for financial and consumer purposes.
7. Net Federal Government debt is defined as the gross debt outstanding less Federal Government securities held by Federal agencies and trust funds, and Federal agency securities held
by the U.S. Treasury and other Federal agencies. It thus equals Federal Government and agency debt held by the public.
8. Details of Federal obligations shown in table 3 of debt articles previous to May 1958, and omitted here, may be found for 1958 and prior years in the Treasury Bulletin.
9. Bonds, debentures, and notes payable.
10. Includes State loans to local units.
11. Long-term debt is defined as having an original maturity of 1 year or more from date of issue; short-term debt as having an original maturity of less than 1 year.
Sources: U.S. Department of Agriculture, Agricultural Research Service; Interstate Commerce Commission; U.S. Department of the Treasury, Internal Revenue Service; U.S. Department of Commerce, Bureau of the Census, and Office of Business Economics.
JMav 1059
SURVEY OF CURRENT BUSINESS
The notion of saving as an internal fund source is much
less useful here than in the case of corporate business, because of the extent to which personal saving and investing
are done by different individuals. If the individuals who
invest in tangible assets in any given year were considered
as a separate group, their investment funds would probably
be seen to come predominantly from external sources. Home
buyers, for example, generally rely only to a very limited
extent on their own current-period savings. A substantial
part of individuals' tangible investment, however, is financed by the savings of other individuals. Part of this
financing is direct, through interpersonal loans. A much
larger part is accomplished through savings institutions as
intermediaries. Because of this latter circumstance, the
1958 shift of financial investment toward the more liquid
forms which these institutions provide seems to have helped
increase the availability of mortgage loan funds.
Time deposits at commercial and mutual banks rose nearly
$8 billion. Shares held in savings and loan associations
and credit unions increased $6% billion. Demand deposits
were also reported higher. Although total holdings of U.S.
Government securities declined, it is noteworthy that series
E and PI savings bonds showed a net increase of almost $1
billion; such a shift toward fixed-value claims has been a
feature of the downward phase of each postwar recession.
At the same time that savings accounts were rising, individuals apparently took a smaller share not only of Federal
marketable securities but also of new municipal and corporate
issues than in 1957.
As business recovered there was an increase in stock market
activity. The bulk of such activity represents sales from
one person to another and does not appear in the standard
statistics on personal asset acquisition. The importance of
the rise in stock prices for interest rates and the bond market
has already been noted.
The debt of individuals and unincorporated enterprises
rose by nearly $19 billion, $5 billion more than during 1957.
Mortagage debt was up to $13 billion. Farm, financial, and
commercial debt also expanded, while consumer credit
showed little change over the year.
Mortgage debt spurts
Mortgage debt owed by individuals and unincorporated
enterprises rose 10 percent last year to a total of $145 billion.
This increase was second only to the 15 percent expansion
reported for 1955. As residential construction activity increased and a marked upsurge developed in the sales of
existing homes, mortgage debt on housing rose $10^ billion.
The increase in residential construction last year was one
of the sharpest on record. It came after two years of declining activity, and provided a stimulus to the upward
movement of the entire economy in the recovery phase of the
business cycle.
There has been a general shift from tenancy to home
ownership in the years since the end of World War II. At
the end of that conflict about two-fifths of the Nation's
families owned their own dwellings. Today, the proportion
of owner-occupancy has reached three-fifths. The impressive advance in home ownership and an associated upgrading
of housing standards, combined with the substantial growth
in population, have involved a heavy construction of new
homes. This has tended to add strength to overall market
demand, and particularly to cyclical advances, during the
entire postwar period.
Fluctuations in housing demand during this period have
reflected to a very large extent variations in the supply of
mortgage money.
Stringencies in this supply have tended to affect most
strongly the availability of FHA and VA loans; fixed yields,
13
the uncertainty of discounts, and a relatively low equity
ratio have reduced the attractiveness of these instruments to
lenders in tight-money periods. The changes in Government-backed mortgage lending are shown in the
accompanying chart.
Several conditions contributed to an expansion in the
supply of mortgage credit last year: reduced corporate demands on the money and capital markets; the freeing of
bank reserves by the cut in reserve requirements; the record
volume of savings deposits in financial institutions; and the
commitment by the Federal National Mortgage Association
of $1 billion for the purchase of Government-backed
mortgages.
Net New Borrowing:
One- to Four-Family Nonfarm Mortgages
Billion Dollars
16
Jotal
12
1948
50
52
54
56
58
60
Data- VA, FHA, a F H L 8 8
U. S. Department of Commerce, Office of Business Economics
59-5-7
These conditions were reflected in a sharp expansion in
conventional mortgage lending, which has been stable in
other recent years, as well as in FHA-insured loans. In addition to the factors affecting the supply of mortgage money
in general, certain specific Government actions helped to
stimulate the volume of lending covered by FHA insurance.
The allowable FHA interest rate had been raised to 5*4 percent in August 1957, and in April 1958 minimum downpayment requirements were reduced.
The new rate on FHA-insured mortgages represented an
attractive yield, and discounts practically disappeared during the period of capital market ease. Though moderate
discounts reappeared on such instruments with the return of
tighter conditions in the second half, a large volume of loan
funds was forthcoming. Over the year as a whole the 1958
increase in FHA loans outstanding was greater than in any
other two postwar years combined. (New VA-guaranteed
mortgage lending fell short of repayments on previous loans,
though the volume of such lending rose toward yearend.)
SUKVEY OF CURRENT BUSINESS
14
The Federal National Mortgage Association was authorized to acquire $1 billion in new mortgages, and a substantial
number of houses were started under this program late in
the year. Because of the time lag between starts and sales,
very little of this money was disbursed by the FNMA during
the year, but the commitments made facilitated the borrowing of construction money.
Home mortgage lending by commercial banks amounted
to $iy2 billion last year; in 1957 such institutions reported
little net change in such loans. Over half the increase went
into conventional loans, while FHA-iiisured loans accounted
for the balance.
Mutual savings banks also acquired about $iy2 billion of
home mortgages; this compares with $1 billion in 1957.
Last year's mortgage lending was concentrated in FHAand VA-backed loans; mutual banks were the only financial
institutions which reported substantial acquisitions of the
latter.
Savings and loan associations acquired almost half of
the net total of all home mortgage debt incurred last year,
and accounted for two-thirds of the growth in conventional
mortgages, as a record inflow of savings provided ample
funds.
Life insurance company lending was down somewhat for
last year as a whole. Toward the end of the year, however,
mortgage activity by the companies rose, and increased commitments were made to purchase mortgages during 1959.
Life companies' acquisition of home mortgages tends to lag
somewhat behind increases in building activity, since such
institutions do not normally finance home construction.
The volume of home mortgage loans acquired by individuals and other investors increased somewhat last year over
the 1957 rate.
Mortgages on multifamily residential and commercial
properties rose $2i/2 billion to a yearend total of $32 billion.
The increase last year was substantially greater than in 1957.
There has been a sharp pickup in apartment-house building
activity in the last 2 years, the number of dwelling units
started in multifamily structures having increased 40 perTable 2.—Individual and Unincorporated Enterprise Debt, End
of Calendar Year, 1954-58
[Billions of dollars]
1954
1955
1956
1957
Total individual and noncorpo165.4 190.2 207.3 221.0
ate debt
1958
239.7
17. 6
18. 8
19. 5
20. 3
23. 3
8. 3
9. 3
9 1
9. 7
9. 9
9. 6
10. 5
9. 8
11. 2
12. 1
147. 8 171. 4 187. 8 200. 8
216. 5
Nonfarm mortgage
1—4 family residential
Multifamily residential and
commercial
94. 7 108. 8 121. 2 131. 6
71. 9 83. 8 94. 1 102. 2
144. 4
112. 1
22. 8
24. 9
27. 2
29. 4
32. 2
Other nonfarm
Commercial
Financial 3
Consumer
53. 1
10. 4
10. 4
32. 3
62. 6
12. 4
11. 6
38. 7
66. 5
13. 3
11. 1
42. 1
69. 2
13. 3
11. 1
44. 8
72. 1
14. 2
12. 8
45. 1
Farm, total _
l
Farm mortgage _
Farm production loans 2
Nonfarm, total
1. Includes regular mortgages, purchase-money mortgages, and sales contracts.
2. Includes agricultural loans to farmers and farmers' cooperatives by institutional lenders;
farmers' financial and consumer debt is included under the "nonfarm" category.
3. Comprises debt owed to banks for purchasing or carrying securities, customers' debt to
brokers, and debt owed to life insurance companies by policyholders.
Sources: U.S. Department of Agriculture, Agricultural Research Service; Board of Governors of the Federal Reserve System; U.S. Department of Commerce, Office of Business
Economics.
Mav 195!
Table 3.—Nonfarm Mortgage Debt by Borrowing
an d Lend iii<
Groups, by Type of Property l
1955
1951
1956
1957
1958
Total nonfarm residential and
commercial mortgages
105.5 120.9 134.6 146. 1 160.2
Corporate borrowers 2
Noncorporate borrowers
10 8 12 1 13 4 14 5
94 7 108 8 121 2 131 6
1 u (;
15
-- •
144 -1
1-4 family residential mortgage debt
75. 7
88. 2
99. 0 107. 6
Savings and loan associations
Life insurance carriers
Mutual savings banks
Commercial banks
Federal National Mortgage
Association
Individuals and others 3
25. 0
15. 2
9. 0
13. 3
2. 3
30. 0
17. 7
11. 1
15. 1
2. 4
34. 0
20. 1
13. 0
16. 2
2. 9
38. 0
21. 4
14. 1
16 4
3. 8
43. 2
22. 5
15. 6
17. 7
3. 6
10. 9
12.0
12. 8
13. 9
15. 4
29 8
32 7
35 6
38 5
42 2
1.
8.
5.
4.
1.
9.
6.
4.
2.
11.
7.
5.
0
2
0
6
2. 4
11. 9
7. (i
6. 3
2
.2 i
11. 5 I 12. 5
. 3
13. 7
Multifamily residential
commercial
118. 0
and
Savings and loan associations
Life insurance carriers
Mutual savings banks
Commercial banks
Federal National Mortgage
Association
Individuals and others
2
8
9
1
.1
9. 7
1
5
1. 7
5 t 10. 4
3 ! 6. 7
6
5. 1
2
10. 6
1. The data represent mortgage loans on commercial and residential property, excluding
multifamily residential and commercial property mortgage debt owed by corporations to
other nonfinancial corporations.
2. The corporate mortgage debt total is included in the total corporate long-term debt outstanding, table 1.
3. Includes portfolio loans of the Veterans' Administration.
Sources: Federal Home Loan Bank Board; Board of Governors of the Federal Reserve
System; U.S. Department of Commerce, Office of Business Economies.
cent in each year. The accompanying rise in mortgage debt
was financed principally by commercial banks, mutual savings banks, and life insurance companies.
Consumer borrowing
Consumer credit outstanding at the end of last year
amounted to a little over $45 billion, practically unchanged
from the end of 1957. While automobile loans were down
$11/2 billion for the year, increases were reported in personal
installment loans and most other categories of consumer
credit.
Xew extensions of automobile credit during 1958 were
$21/2 billion less than in 1957, as personal consumption expenditures for automobiles and parts fell $3 billion. The
drop in auto credit extensions, like that in purchases, came
early in the year. Both purchases and new borrowing remained steady at the lower levels until the introduction of
the new models in the final quarter, when they moved
sharply upward. With improvement in auto sales so far
this year, automobile credit has continued to expand.
The increase in personal loans, w^hile substantial, was
somewhat less than had been recorded during 1957, as net
new lending slowed in the recession months. With the business recovery such loans resumed their recent-year rate of
advance, and at the beginning of 1959 totaled $% billion
more than a year earlier.
Consumer credit held by commercial banks showed practically no change last year, a decline in auto and other
durable goods paper offsetting expansion in personal in(Continued on page 23)
b Betty C. Churchill
Rise in the Business Population
c
_ ONCEENS operating in the United States numbered 4.6
mill ion at the end of 1958, up 55,000 firms or iy± percent from
a year earlier. This continues the small net gains that have
been characteristic of recent years. The average annual rise
over the past decade has been 60,000, with the highest years
being 1955 and 1956.
Among the major groups, the number of firms in the service
and finance divisions—each up about 2^ percent—showed
the largest relative gains in 1958. Wholesale trade and contract construction each increased roughly 2 percent, and the
transportation division about 1 percent. Retail trade gained
one-half of 1 percent last year; continued advances in filling
stations and the automotive groups tended to balance further
declines among general merchandise and food firms. The
number of firms in manufacturing and in mining and quarrying declined slightly during 1958.
new businesses have been quite steady since 1949 and discontinuances since 1944.
On a seasonally adjusted basis, new and discontinued
businesses since 1950 have more often than not moved in
the same direction quarter by quarter so that the net increments by which the business population changes (lower
panel of the chart below) show more stability than
either of its components. The business population has
gained an average of about 16,000 firms per quarter from
1950 to date, The slowing down of business activity during
1953-54 and 1957-58 resulted in a much smaller rise while
greater than average net changes occurred during all of
1955 and 1956. Growth in the business population began to
slacken during 1956 although not declining appreciably below the average for recent years until late 1957.
New quarterly series
Business Turnover
This article presents, for 1951 and later years, a general
revision of the business population estimates regularly prepared by the Office of Business Economics (tables 2 and 3).
Introduced for the first time in the adjacent chart and in
table 1 are seasonally adjusted quarterly estimates of the
business population.
Previously all business population estimates were available with a time lag of 6 months, and starting in 1953 these
series were prepared only semiannually. In the new seasonally adjusted series for the business population as a whole,
the time lag has been reduced to about 1 month and the
overall estimates have been restored to a quarterly basis,
although the method used does not yield industry or other
breakdowns. Quarterly movements within years and estimates for the two most current quarters are based on tabulations obtained from the Bureau of Old-Age and Survivors
Insurance and from information on changes in the number
of telephones.
Thousand Firms (ratio scale)
Steady rise in concerns
Most conspicuous in the chart on turnover in the business
population is the reconversion period following World War
II during which a marked "deficit/' in the number of operating concerns was made up. The number of new businesses exceeds the number discontinued in each quarter of
the period shown except the third of 1949. That brief interruption in the quarterly increase in seasonally adjusted
operating concerns is probably as much a reaction from the
marked growth during the reconversion period as a reflection
of the recessionary influences of that year.
The chart suggests an upward trend in both new and discontinued businesses starting in 1949 and continuing to date.
On a rate basis, however, as shown in the chart on page IT
NOTE.—MISS CHURCHILL IS A MEMBER OF THE BUSINESS STRUCTURE DIVISION, OFFICE OF BUSINESS ECONOMICS.
200
100
80
60
Discontinued Businesses
40
Thousand Firms
150
Net Change in Business Population
100
-
50
1945
55
Quarterly, Seasonally Adjusted
U. S. Department of Commerce, Office of Business Economics
60
16
SURVEY OF CURRENT BUSINESS
Distribution of firms
Business population statistics relate to the entire private
economy of the United States 1 but do not include activities
classified in agriculture and the professional services. Each
.legal entity is counted only once and is classified by industry
according to the major activity of the firm as a whole.
There is no cutoff based on size of firm except that a selfemployed person is not considered a business firm unless
he has either at least one paid employee or an established
place of business. Firms in the business population as definecl account for 85 percent of the income originating in
the private economy and provide employment to a similar
percentage of all nongovernmental wage and salaried workers. The comparable proportions inclusive of Government
are 75 and 70 percent, respectively.
Small concerns comprise the bulk of the business population; about two-fifths of all firms have no employees, threefourths have fewer than four, and only one firm in twenty
employs twenty or more.
Retail trade and the service industries, the two major industry divisions directly serving the ultimate consumer,
together account for three-fifths of all operating concerns.
The proportion of all businesses found in the remaining
broad industry divisions ranges from 10 percent in construction to about 1 percent in mining and quarrying.
Long- and short-term changes
This article is primarily concerned with changes in the
business population since 1951. A brief review of longterm trends and cyclical movements in number of operating
concerns is provided to furnish perspective for recent
periods.
Over the long-term, growth in the business population
has been primarily affected by the underlying growth of real
demand and output, combined with the increase in the human population. In 1900 there were roughly 1.6 million
noiifarm businesses in the United States—or about 21 firms
for each 1,000 persons; currently there are about 26% firms
per 1,000 persons. In other words, over the long-term relative growth in number of businesses has exceeded that in
number of persons.
Although the business population is relatively more stable
than many other economic series, it is responsive to changes
in economic conditions. Thus the number of firms per
1,0000 persons, which had reached 25 by 1929, fell during
the depression to 22 in 1933, and did not regain the 25 until
1939. During World War II the number of firms per
1,000 persons again dropped to 22 in 1943 and 1944. In
1948 toward the end of the reconversion period, per capita
firms in operation reached 27, and then declined slightly to
26.5 where it has remained for the past 5 years.
The response of the business population to changes in
business conditions is brought out in another way in the
chart on page 17, which shows the actual number of firms
in operation as well as the number "expected" on the basis
of a relationship with real gross national product and time.2
During the thirties, and since 1947, the expected and actual
numbers of firms in operation are quite close, while the
1. Data for Alaska and Hawaii are not at present included.
2. The equation for this relationship is: Yr=2250 + 5.5i5x-f 13.9t where
Y=: firms in thousands, x —private nonfarin gross national product in billions
of 1954 dollars and t = year—1929. The 'equation was derived from the
1929-40 period; R-' = .984. An equation fitted to the years 1929-40 plus
1950-^58 yields calculated values differing from those obtained from the equation above by no more than plus or minus .4 percent in any year. The
equation based on the longer term is Y=:2267-f-5.35x4-15.4t; R-—'.998.
May 1059
large "deficit" which developed during the war was quickly
made up after hostilities ceased.
Variations since 1951
Table 2 presents revised annual estimates of the business
population and its turnover from 1951 to date, while table
3 provides additional industry detail for the combined 5year period from 1951 through 1955. Comparable business
population estimates by major industry divisions for the
years 1929-50 and by detailed industry for 1945-50 can be
found in the January 1954 issue of the SURVEY. The revision is primarily based on complete tabulations of employers filing social security tax returns for the first quarters
of 1951 and 1956. It should be noted that for periods following the first quarter of 1956 the estimates are essentially
extrapolations which are subject to revision when later
benchmark data become available.
The revision removes a downward bias of 3 percent in
the number of operating concerns between the 1951 and
1956 benchmarks; the extrapolation of the higher level
brought the revision to 5 percent in 1958, with generally
little effect upon inter-industry relationships.
From 1951 to 1958 the business population increased by
about half a million firms or 13 percent. In these 8 years,
contract construction and the finance division gained relatively the most with the service industries, wholesale trade,
and the transportation division also showing better than
average relative gains. Retail trade also showed a gain,
with large relative increases among motor vehicle and accessory dealers and firms operating filling stations more
than offsetting declines in the number of general merchandise and food firms.
Manufacturing among the major industry divisions shows
the smallest relative growth in number of concerns for the
8 years 1951 through 1958. The number of nondurable-
BUSINESS
POPULATION
remains close to expected levels
Million Firms
5.0
4.5
Calculated
4.0
3.5
Actual
3.0
2.5
1930
35
N o t e . - Baseo on r e l a r i o r s h i p to
40
real
45
50
g r o s s n o t i o n a l p r o d u c t and time
U. 5. Department of Commerce, Office of Business Economics
55
60
SURVEY OF CURRENT BUSINESS
May 1959
Table 1.—Number of Firms in Operation, 1945-59
[Thousands of firms; adjusted for seasonal variation]
End of period
End of period
1945:
I
II
III
IV
3 051
3,098
3 160
3, 256
1953:
I
II
III
IV ..
1946:
I
II
III
IV
3 374
3 486
3 582
3, 665
1951:
I
II
III
IV
4. 260
4 271
4, 283
4, 300
3 735
3, 791
3 841
3 887
1955:
I
II
III
IV
4
4,
4
4
3 923
3 955
3, 978
3, 998
1956:
I
II
III
IV
4 419
4 442
4, 464
-_ 4.484
4, 008
.. 4,012
4 013
4 022
1957:
I
II
III
IV
4 503
. 4.520
4 536
4 548
_ .
1947:
I
II
Ill
IV
.
1948:
I
II
III
IV
1949:
I
II
III
IV
1950I
II
III
IV
.
_
1951:
I
II
III
IV
1952:
I
II
III
IV
4,034
4 051
4. 067
4 081
4, 094
4,105
4 118
4 132
_.
1958:
I
—
II
III
IV
1959:
I
__
__
4, 219
_. 4,232
4,244
4,253
323
347
371
395
which the current number of operating concerns is lower
than in 1939.
The general merchandise group contains not only department and variety stores but the '"general stores'' characteristic of rural areas. Decreases in the number of general
stores are probably responsible for the decline of the group
as a whole with the tendency toward suburban shopping centers acting as a brake on expansion. Suburban shopping
centers are more likely to include branches of centrally
located stores than independent retailers.
During the 1951-55 period, business services and miscellaneous repair shops and hotels and other lodging places
were the service groups expanding most rapidly, (Changes
within the remaining service groups ranged between a gahi
Patterns of
BUSINESS TURNOVER RATES
-__ _ 4,557
4 570
4 586
4 6(13
4, 621
4, 149
4 167
4, 184
4 201
Source: U.S. Department of Commerce, Office of Business Economics.
goods manufacturers dropped slightly during 1951. regained
the loss the following year and has shown steady though
small declines each year since 1958.
During the two recessionary periods 1958-54 and 1957-58,
growth in the business population as a whole was slowed.
Manufacturing, mining, and the transportation divisions
were most responsive to the slowdowns while the service
industries and wholesale trade were little affected.
The most industry detail in which business population
estimates are prepared is that shown in table 3; such data
are not now available beyond the end of 1955. Although
each of the major industry devisions shared in the increase
in number of operating concerns over the 5 years 1951-55.
this pattern does not extend to more closely-defined industry
groups within the three divisions for which more industry
detail is available.
Manufacturing, for example, shows the smallest of the
relative increases among the major industry divisions. Six
of the nineteen manufacturing groups declined between
January 1, 1951 and the beginning of 1956, with the largest
relative decreases occurring among textile, leather, and apparel manufacturers. Six industries increased more than
15 percent in the 5-year period: rubber and petroleum refining in the nondurables, while the remainder were metalfabricating industries.
Among retail trade firms, filling stations increased relatively the most. The growth in number of discount houses
may explain in part the large relative increase among firms
dealing in appliances and radios,
The continuing trend toward supermarkets is reflected in
the steady declines among food firms. Each of the three
categories of food firms declined from 1951 to 1956, and
these three are the only detailed industry groups shown in
503956—59——3
17
RETAIL TRADE
200
100
0
CONSTRUCTION
500
400
300
200
100
0
300
MANUFACTURING
200
100
0
1940
45
50
55
U. S. Department of Commerce, Office of Business Economics
60
5 9 - 5 - 12
SURVEY OF CURRENT BUSINESS
18
of over 5 percent for automobile garages and repair shops
to a decline of the same magnitude for producers, distributors and exhibitors of motion pictures.
Turnover in business concerns
< During 1958, there were 411,000 new and 356,000 discontinued businesses; in addition, 372,000 going concerns were
sold, reorganized, or otherwise acquired by new owners. A
slight rise from the previous year occurred in the number
of both new and discontinued businesses while the number
of business transfers declined slightly.
New businesses refer to firms newly established while
discontinuances include all liquidations regardless of the
reason for going out of business. Only about half of all
discontinued businesses are liquidated in order to prevent
or minimize a loss while the number of bankruptcies, or
firms going out of business with known loss to creditors,
represent less than 5 percent of the total. (Data on "Commercial and Industrial Failures^ are compiled by Dun and
Bradstreet, Inc.)
May 1959
As has been noted above the upward trend in number of
new and discontinued businesses since 1949 is largely a reflection of growth in the business population. To facilitate
comparisons among industries, entry and discontinuance
rates per 1,000 firms in operation are shown in table 3 and,
for selected broad industry divisions, in the chart on page 17.
Although the rates of growth differ, entry rates in each of
the divisions charted tend to follow the same pattern year by
year, as do discontinuance rates. Entry rates seem to be
more responsive to changes in business conditions and, as
would be expected, the conditions associated with a rise in
entry rates also tend to be associated with a dip in discontinuance rates. These generalizations hold quite well not
only for the major divisions charted, but also for the divisions omitted from the chart and for the industry groups
as well.
Although turnover rates are similar by industry in broad
movements, considerable variation in the level of these rates
is apparent from the chart and from the 5-year averages
shown in table 3. Previous articles on the business popula-
Table 2.—Number of Firms in Operation January 1, 1951-59 and Number of New, Discontinued and Transferred Businesses 1950-58 by
Industry Groups
[Thousands of firms]
Retail trade
Manufacturing
All indus- Mining Contract
tries and quar- construction
rying
Total
Durable
goods
Transportation,
communication
WholeNondu- and other sale
trade
rable
public
goods
utilities
Total i
Motor
General Food and vehicle
merchan- liquor
dealers; Apparel
dise
parts and
accessories
1
!
Filling
stations
Finance,
insurService
Eating ance and, industries
and
real estate
places
|
Firms in operation January 1
1951
1952
1953
1954
1955
195(5
1957
1958
._
1959 2
4, (MY7. 3
4,118.2
4, 187 7
4,92*9. 8
4 86 8
4, 381. 2
4, 470. 7
4, 534. 4
4, 589. 2
377. 3
387 2
405. 3
416, 7
4?q 8
451. 7
465. 4
467. 6
475. 9
37 0
37.4
37. 8
38 x
40. 9
a.--) o
49 3
42. 0
322. 8
328 2
330. 7
331. 3
3?6 1
327 3
332-. 3
333. 0
331. 0
143. 7
149. 6
151.5
152. 8
149 4
152. 1
158. 0
158. 9
157. 7
179.1
178. 6
179 2
178. 5
176 7
175. 2
174.4
174.1
173.3
2G8. 0
275. 8
283 1
288. 2
291 9
290. 9
303. 7
310. 9
317. 0
180.7
184. 6
192 2
192. 9
193. 4
200. 1
208. 4
209. 5
211.8
1.820.9
1.830.8
1. 840. 1
1. 801. 4
1.874. 5
1, 903. 2
1, 925. 0
1.947.8
1, 956. 3
742
73. 5
72.8
72.4
71.4
70.8
69.8
68.5
67.2
492.4
487.6
326.9
733.0
334. 6
342. 8
351. 6
359 5
371. 5
739. 6
749. 9
760. 0
772 6
789. 6
810. 0
830. 1
851. 9
422.3
88. 6
91.6
96. 1
95.3
92.9
96.0
99.8
104.8
106. 6
106. 6
108. 4
110.1
112.2
113.7
115.6
116.0
115.3
114.1
3.2
1.9
1.9
2.0
2.1
2.3
2. 1
2.0
2.1
27.4
21.8
21.3
20.2
20.9
22.2
22.1
21.6
20.0
8.6
10.0
10. 9
9.4
9. 1
12.3
13. 5
14.7
13.7
8.7
7. 7
7.6
8.3
8.2
9.3
8.9
8.1
7.6
17.7
21.6
23. 3
27.7
33.3
38.0
43.8
48.5
48.1
33. 5
30.8
32. 3
37 2
39.5
40.8
42 9
43.5
42.4
18. 6
20.4
20. 6
21.2
29 7
2L5
28 3
26.2
55.5
53. 3
54.4
55.8
60.7
67.4
73 5
71.8
76.9
2.1
2. 6
2.6
2.4
3.1
2.9
3.2
3.3
,4
25. 5
26.7
28.6
27.6
30.0
29.8
31.9
32.2
33. 6
73
6.4
10.2
11.5
9.2
9.8
9.7
11.9
6.0
5.8
5.9
6.2
6.8
7.4
8.4
8.9
8.8
16.8
16.0
16. 4
17.1
19.3
20.7
25.0
27.6
29.2
33. 3
34.4
33. 1
35. 1
35.4
35. 2
39.3
38. 6
42 2
14. 5
12.7
12.4
12.4
14.8
15. 5
16.9
15.9
17.7
57. 8
46. 6
44. 2
45.7
4^.0
50.4
53. 1
51.7
55.1
5.2
2.8
2.8
2.9
2.8
3.0
2.6
2.4
2. 0
69.3
52.7
51.5
50. 4
49.0
51.5
47.7
43.4
41.8
9.5
6.6
8.8
7.6
7.3
7.5
8.1
7.4
6.8
8.3
6.8
6.9
7.4
6. 6
7.2
6.7
5.8
5.4
58.2
65.0
68. 3
71.4
72.6
76.4
82.7 !
82.2
87. 0
86.8
74.8
74.8
76.6
76.6
78.2
78.2
78.3
76. 6
16.1
14.9
15. 5
15.1
15.9
16. 5
16.9
16.2
15.8
63.1
52.7
54.2
55.4
53.3
55.0
58.0
56.2
58.5
480. 2
472.8
463. 7
456.2
446. 4
435. 8
221.9
227. 5
234. 4
364. 8
361. 2
360. 3
245.0
362.4
259 0
366. 5
276.3
372.2
375.7
295.1
316.0
335.0
380. 7
380.8
383.0
393. 3
403. 3
New businesses
1950
1951
1952 ___
1953
1954
1955
1956
1957
1958 2
348. 2
327. 1
345. 6
351. 0
365. 6
408. 2
431 2
405. 1
411. 3
04. 1
53.7
61.5
59. 8
61. 6
68. 7
68 0
56. 1
60. 5
'I
4.4
5. 4
54
4. 5
4' 2
30.0
28.0
28. 1
28.2
25. 3
29.4
31 4
25.1
24.8
18.3
18.9
17.2
16.9
14.5
18.0
20 2
14.7
13.6
11.7
9.1
10.9
11.4
10.7
11.5
11 3
10.4
11.2
21.4
24.2
25.5
22.0
22.6
26.1
30.2
24.7
25.8
21.6
20.7
21.4
21.1
21.3
22.3
24. 2
23.4
23.5
133. 0
122.9
130.3
139. 7
147. 1
161.4
170.2
173. 1
167.8
Discontinued businesses
1950,.
1951 _.
1952..
289. 6
276. 2
276. 1
1953
299.4
1958 2
318. 7
313. 8
341. 7
341. 4
356. 5
1954..
1955..
1950..
1957_.
o 7
3.4
3.6
39. 2
43. 9
43. 3
48. 5
48, 4
46. 8
54. 3
54. 0
52. 2
3". :>
3.3
4. 1
4. 5
4.4
24. 7
22'. 7 i
25. 5
27. 7
3()! 5
28. 2
26. 4
24.5
26. 8
13.2
13.0
15.3
15.6
17.9
15.2
14.3
13.8 j
14.8
11.6
9.7
10.2
12.0
12. 6
13.0
12.1
10.7
12.0
18.3
20.3
18.0
21.2
22.1
19.5
21.8
23. 6
23.5
16. 3
13.5
14.2
16.0
17. 6
17.3
17.3
16.2
17.4
115.0
113.0
115. 1
124.4
134. 0
132. 7
147. 8
150.9
159. 2
G'.Q
Transferred businesses
1
1950
1951
1952
1953
1954
1955
1956
1957
1958 2
419, 4
358. 2
370. 2
377. 6
370. 7 i
384, 3
392. 7
370. 2
372. 5
2. 3
1. 9
1. 9
1.-)
1.9
2. 0
2. 1
1.7
14.8
11.3
11.0
13, 5
13. 2
13.4
14. 0
13. 2
12. 1
20. 6
16. 1
16. 8
17.3
15. 2
16. 6
16. 7
] 5. 0
14.2
9. 7
8.1
8. 4 1
8.6 !
7.1
8.0
8. 3
7.1
6.6
10. 8
8.1
8.4
8.7
8.1
8.6
8. 5
7.8
7.7
10.2
8.6
9.2
9.3
9.6
9.6
10.6
9.7
9.3
11.4
11.3
12. 6
12.7
11.9
12. 6
13.3
12.4
11.5
277. 8
241. 3
248.1
252. 5
249.7
258. 7
261. 1
251. 7
249. 5
1. Totals contain groups not shown separately.
2. Based on incomplete data.
Source: U.S. Department of Commerce, Office of Business Economics estimates based primarily on data from the U.S. Department of Health, Education, and Welfare, Bureau of Old-Age
Survivors' Insurance.
SURVEY OF CURRENT BUSINESS
May 1959
19
Table 3.—Number of Firms in Operation January 1, 1951 and 1956, and Number of New, Discontinued and Transferred Businesses, Five
Year Totals 1951-55, by Detailed Industry
[Thousands of firms]
Firms in operation
Jan. 1—
5 years, 1951-55
Percent
change
Jan. 1, 1951
to Jan. 1,
1956
5-year, 1951-55, averagel annual
turnover rate
New
businesses
Discontinued
businesses
Transferred
businesses
4,381.2
40.9
451.7
327.3
200.1
1, 798. 0
21.0
305.3
139.0
120.5
1,484.2
17.2
230.9
134. 5
101.1
1, 861. 0
9.6
63.2
82.0
46.4
7.7
10.4
19.7
1.4
10.7
86
111
151
85
128
71
91
115
82
107
89
50
31
5®
49-
268.6
1, 820. 9
326.9
733.0
296.9
1, 903. 2
371.5
789.6
106.8
701.5
112.4
291.5
78.6
619.2
67.8
234.9
61.1
1, 250. 3
77.9
270.5
10.5
4.5
13.6
7.7
76
76
65
78
56
67
39
63
43
13S
45
72
322.8
40.2
9.3
38.9
6.3
327.3
37.9
8.0
35.9
5.6
139.0
6.4
2.7
17.8
1.6
134.5
8.7
4.0
20.8
2.4
82.0
9.7
1.3
8.2
.9
1.4
-5.7
-14.1
-7.7
11 7
85
33
61
93
53
82
45
91
108
78
56
5@;
28
43
30
50.9
12.7
3.9
42.0
48.9
13.0
4.1
44.4
44.6
4.5
1.0
9.5
46.6
4.3
.7
7.1
13.2
3.4
.7
12.6
-4.0
2.3
6.3
5.8
175
71
48
45
182
66
35
33
52
52
35
5*
_ _ _
12.0
1.0
13.3
5.4
12.1
1.2
12.9
5.6
3.6
.4
3.8
1.5
3.5
.2
4.2
1.3
2.3
.3
3.5
1.2
.4
17.8
-3.1
3.4
60
72
58
52
59
39
64
46
3f
4$
54.
_ _ _ _
Transportation equipment
22.6
24.2
5.1
5.1
26.6
28.1
6.2
6.4
10.7
13.4
2.9
2.8
6.7
9.5
1.8
1.5
7.1
8.1
1.2
1.6
17.6
16.1
22.5
25.6
88
100
104
102
55
69
63
55
59
60
41
5X
Professional, scientific and controlling instruments
Rubber products
Miscellaneous 3
4.3
1.2
24.3
4.4
1.5
24.5
1.3
.5
10.1
1.2
.2
9.8
.9
.3
5.6
1.3
27.6
.9
57
77
82
54
27
80
31
42
45
1,820.9
74.2
340.2
34.1
84.2
1,903.2
70.8
313.9
29.9
72.4
701.5
10.1
65.3
8.5
21.5
619.2
13.6
91.6
12.8
33.3
1, 250. 3
14.3
178.1
13.5
27.0
4.5
-4.7
-7.7
-12.4
-14.0
76
28
40
52
54
67
37
56
78
83
135
39
108
82,
6*'
Motor vehicles
_ _ _ _
Filling stations
Automotive parts and accessories
Apparel
62.5
221.9
26.1
89.0
70.2
276.3
25.7
95.4
44.2
143.9
7.4
33.5
36.5
89.5
7.8
27.2
31.1
353.6
6.7
28.4
12.5
24.5
-1.4
7.1
132
120
58
73
108
75
60
59
93
29$.
52
62
Shoes
Lumber and building materials
Hardware a n d farm implements
Appliances and radios
17.5
27.8
63.2
42.0
20.2
26.1
68.4
50.0
7.7
5.7
13.9
28.3
5.0
7.4
8.8
20.3
6.5
5.0
29.3
14.8
15.2
-6.0
8.2
19.0
82
42
42
119
54
55
27
83
70
37
89
63
53.8
364.8
54.2
34.0
231.3
59.4
372.2
55.1
40.0
257.2
25.4
180.6
8.3
11.1
85.9
19.9
173.2
7.4
5.1
60.0
14.9
381.0
19.6
36.6
90.1
10.3
2.0
1.8
17.8
11.2
90
99
30
61
71
70
95
27
28
50
5$
21©;
72
19*
733.0
66.9
91.2
175.5
71.8
789.6
80.3
87.9
175.1
73.8
291.5
34.4
24.2
45.7
20.4
234.9
21.0
27.6
46.1
18.4
270.5
54.6
37.3
58.3
33.9
7.7
20.0
-3.6
-.2
2.8
78
95
54
53
56
63
58
61
53
51
151
82:
67
94
99.7
123.3
81.9
101. 1
13.7
52.5
56.9
31. 1
46.4
4.4
28.0
33.3
26.9
29.4
5.1
27.3
24.1
19.5
22.4
4.2
16.1
23.7
5.4
20.3
-5.5
1.5
105
79
102
62
109
62
69
65
73
106
45
56
50.
6®
63
A l l industries _ _ _ _ _ _ _ _ _ _ _
Mining a n d quarrying
_ _ _ _ _ _ _ _ _
Contract construction
Manufacturing
_
_
_
_ _
Transportation, communication,, and other public utilities
Wholesale trade
Retail trade
_
Finance insurance and real estate
Service industries _
_
_ _
Manufacturing
_
Food and kindred products
Textile mill products
Apparel and other finished textile products
Leather and leather products
_ _ __
Lumber a n d timber basic products _ _ . . _ _ _
Furniture and fixtures
Paper and allied products _ _ _ _ _ _ ._ _ _ ___
Printing and publishing
Chemicals and allied products
Products of petroleum and coal
Stone, clay, and glass products
_
__
Primary metal industries
Fabricated metals Machinery except electrical
Electrical machinery ._
_ _ _
Retail
General merchandise
Grocery, with and without meats
Meat and seafood..
_
Other food
_ _
Home furnishings
_
Eating and drinking places
Drugs
_ _
Liquor
Miscellaneous retail _
_____
_ _
Business services
Automobile repair
Miscellaneous repair
Motion pictures
Other amusements
_ _
_ _ _ _ _
. _ _ _
_
_ _
_
____
_ _ _ _ _ ___ _ __
Service industries
Hotels and other lodging places
_
Laundry, cleaning, and garment repair
Barber and beauty shops
_ _
_ _
Other personal services
_____
_
_
__ _
_ _ _ _ _ _
_ _
_
_
___
_
1951
1956
4, 067. 3
37.0
377.3
322.8
180.7
77.7
84.0
14.5
51.8
Discontinued
New
Transferred
M
n
11
1. Annual rates are the number of new, discontinued, or transferred businesses during the year per 1,000 firms in operation at the beginning of the year. 2. Includes ordnance and accessories.
3. Includes tobacco manufactures.
Source: U.S. Department of Commerce, Office of Business Economics estimates based primarily on data from the U.S. Department of Health, Educat'on, and Welfare, Bureau of Old-Age
and Survivors' Insurance.
tion have shown that turnover rates differ not only by industry but by size of firm, by legal form of organization, and
by age of firm.3 Additional factors of undoubted though
unmeasured effect are industry differences in capitalization,
demand for products or services, and ease of entry—the latter
probably being closely associated with degree of risk.
When industries are ranked with respect to new and discontinued rates, the ranks agree quite closely except for
groups undergoing marked growth or decline. However,
relatively high rates of growth are not necessarily correlated
with high turnover rates nor with high transfer rates.
3. See "Size Characteristics of the Business Population," Snrvcy of Current
Business, May 1!>54 ; "Business Population by Legal Form of Organization,"
Survey, April 11)55, and "Age and Life Expectancy of Business Firms,'' Survey.,
December
1055.
Under conditions which maintain the number of firms operating within an industry at a constant level, business births
would of course equal business deaths. Since they fluctuate
within narrower ranges over time, discontinuance rates
serve as the better estimate of this "sustaining" turnover
rate which, with due allowance for variations in composition
with respect to size, age, etc., are the closest available indicators of comparative ease of entry and degree of risk.
Among the major industry divisions the highest discontinuance rate appears in construction and the lowest in the
finance division. The transportation division is also substantially above average in this respect, mining and manufacturing slightly above, while wholesale and retail trade
(Continued on page 26)
by Francis L. Hirt
Recent Experience of Growth Products
J.HIS article carries forward the evaluation of production
growth trends earlier developed and published in the April
1957 SURVEY OF CURRENT BUSINESS.
During periods of general business fluctuations, particular
industries and products typically move in diverse directions
and in varying degrees of amplitude. In the 1957-58 business decline, for example, production of durable manufactures and minerals registered a sharp reduction while output
of nondurables dropped only moderately.
For individual products, the diversity of production movements was even more striking. This fact can be seen from
Table 1, which lists output data for 1957 and 1958 for some
800-odd items, approximately the same ones included in the
previous review. The products have been classified on the
basis of the average annual rate of change in output from
1929 through 1957—or from the first year production data are
available—as (1) rapidly growing, (2) moderately growing,
and (3) declining, and have been arranged according to the
order of magnitude of change.
At the outset, it should be reemphasized that an analysis
of this type has certain limitations. First, the list of products
is a partial one only. Many items which are widely known
to be new and growing do not appear in the table for lack of
data or for other reasons. While industry representation by
products is substantial in most cases, there is considerable
undercoverage in a number of important industries for which
physical quantity data are not available.
This is particularly true for the electrical and nonelectrical
machinery industries, which produce the bulk of producers'
equipment. Product representation in these two groups consists for the most part of consumer durable goods lines which
constitute only a small proportion of their total output. Data
on output of heavy machinery and equipment shown in the
table are limited to a relatively few products such as farm and
industrial tractors and specialized types of farm machinery.
Despite these limitations, however, the selected products
listed range over the entire field of manufacturing, mining,
and the service industries. It is estimated that the combined
weight, in terms of the value added, of the manufactured and
mining products included in the table accounts for roughly
three-fifths of the total weight of the Federal Reserve
industrial production index.
Also, it should be restated that, because growth rates for
individual products are affected by the base year for the rate
calculations, the percentage changes should not be used in any
precise sense as a measure of growth. In the case of new
products, growth rates are calculated from a low base and
therefore run high in the early years of development, but
then the rates generally fall sharply as production expands.
For added perspective, the accompanying table includes
product data for 1948. Particular caution should be used,
however, in an analysis of growth involving only the postwar
years, when a variety of temporary or unusual factors were
NOTE.—MR. HIRT IS A MEMBER OF THE CURRENT BUSINESS
ANALYSIS DIVISION, OFFICE OF BUSINESS ECONOMICS.
20
at work. For example, some items did not get into full
production until several years after the end of the war;
production of others was abnormally high in the years
immediately after the war.
As might be expected, the growth rates for the great
majority of the products listed in the table differ only slightly
from those presented in the April 1957 SURVEY, which were
based on the change in output from 1929 through 1955, so
that the individual products generally remain within the
same broad range of percentage changes. Where changes in
rates of growth occur, they are for the most part limited to
1 or 2 percentage points in either direction, though some
exceptions to this general pattern are noted.
Response to business fluctuations
Past experience has shown that the output of durable goods
items generally has reacted more markedly to business fluctuations than nondurables and services. In the latest recession,
about tAvo-thirds of the 300 products tabulated registered
product ion declines.
The decreases in output Avere Avidespread throughout the
manufacturing and mining industries. About three-fourths
of the durables, three-fifths of the nondurables, and all of the
mining items listed in the table recorded production decreases
from 1957 to 1958. The service industries as a group were
relatively more resistant to the business decline. Here, only
7 of the 19 items registered output declines, and these Ave/e
largely concentrated in industries associated with the transportation industry.
For some of the heavy basic goods, such as steel, coal, rails
and railroad equipment, machine tools, and automobiles,
the production decreases from 1957 to 1958 exceeded 15 percent whereas in soft goods lines the reductions generally
Avere well under 10 percent. With the turnaround in busfness in the spring of 1958, hoAvever, the output of most
products recovered sharply and by the end of the year was
about as high as or higher than earlier peaks.
Patterns of fast-growing products
In an analysis of the groAvth trends of the fast-groAvmg
products and their relationships to business fluctuations, a
number of basic characteristics may be noted. Many of the
new products have generally maintained their production
uptrend throughout the period: for a large group, the rate
of output has shoAvn a marked sloAving doAvn and, for a
smaller group, production
has stopped groAving, at least
temporarily, and eATen in some cases has declined.
Of the 100 items Avhicli shoAved increases in the last recession, over half consisted of fast-groAving lines. The great
majority of these products are affected to some degree during periods of business contractions, but generally in a S!OAVing down in the rate of growth. This is particularly true
for those products Avhich had previously shoAvn fast rates of
groAvth. Even for the neAv lines, continued oroAvth is con-
May 1959
SURVEY OF CURRENT BUSINESS
ditioiied by the basic characteristic of the product and
market.
The percentage changes in output of fast-growing products from 1957 to 1958, however, were on the whole relatively small. A few notable exceptions on the downside occurred in some of the relatively new^er lines such as television sets and tape recorders among household durables, offhighway tractors and diesel-electric locomotives among
heavy goods, and a few miscellaneous items such as major
automobile accessories and titanium sponge. The large reduction in output of the latter product reflected primarily
cutbacks in production of military type aircraft, where the
bulk of titanium is consumed.
Examples of various postwar patterns of fast-growing
products are depicted in the accompanying chart. The
heavy dots pinpoint the production curve during the recession years. It may be useful to compare and examine
briefly a few specific products to point out the nature of the
expansion and the major underlying factors involved in the
growth.
Examples of continued growth
Polyethylene, antibiotics, and air travel typify those cases
which have continued to grow at high rates
throughout their
market life, All three are relatively newT products, with the
first two developed during World War II and air travel
coming into its own in 1929.
Polyethylene, a member of the plastics family of products
and produced chemically by polymerization of ethylene obtained from petroleum or natural gas, is one of the most
rapidly growing products developed in the past two decades.
It is used extensively both in industry and by the consuming
public, the latter accounting for the larger proportion of
total consumption. Food packaging, storage bags, squeeze
bottles, house wares, and containers are some of the large consumer applications; pipe, panels for partitions and walls,
floor and wall tile are examples of the principal industrial
uses.
Output started off with 1 million pounds in 1943, expanded to 50 million by 1950, to 210 million in 1954, and to
nearly 900 million pounds in 1958, more than a threefold increase in the past 4 years. This fast growth in volume
exceeded that of any other chemical product developed during and since the war with the exception of synthetic rubber,
one of the more notable product achievements of World War
II. The steady expansion in output of polyethylene in the
postwar period has been an important factor in the growth
of the plastics industry.
Intensive chemical research has made possible the development of a wide and almost unlimited market for products
made from polyethylene. Research continues and new uses
and new products are constantly being developed.
The story is similarly impressive for antibiotics—the socalled "miracle drugs''—a development of chemotherapy.
The modern era of chemotherapy actually began with the
development and introduction of the sulfa drugs in 1935.
Seven years later, the first antibiotic—penicillin—was
marketed. New discoveries of medicinal chemicals in the
ensiling years brought streptomycin in the mid-war years
and the broad-range drugs, aureomycin, terramycin, tetracycline, and chloroinycetin in the 1950's. There are now
well over 20 established preparations reaching the consumer
and many more are still in the laboratory stage. Penicillin
and streptomycin, however, rank as the most important in
terms of value and volume. Shifts in the use and intensity
of demand have occurred from time to time among the various antibiotics. The use of sulfa drugs, for example, has
declined appreciably in the past decade or so, owing mainly
21
to the considerable replacement by the antibiotics line of
medicines.
Output of antibiotics has shown a consistently high rate
of growth. Between 1948 and 1958, the annual average increase in production amounted to 25 percent. Productionwise, volume is small relative to most other chemical lines.
Output expanded from less than 3,000 pounds in 1944 to
about 2.5 million pounds in 1958.
Production increases over the years have been accompanied by substantial reductions in prices to the ultimate consumer ; the average price of antibiotics has moved from $860
per pound in 1948 to a current price of around $160 per
pound.
Because of its high unit value, the dollar value of manufacturers 7 sales of antibiotics has expanded to a sizable
amount over the years, reaching approximately $400 million
in 1958, thus contributing importantly to the growth of the
chemical industry as a whole.
Air transportation also continues to be one of the fastest
growing industries. All segments of the industry—trunkline passenger and freight traffic and, more recently, helicopter service—are still expanding rapidly though the
operations of the latter two groups represent only a small
fraction of total air traffic.
The long term, 1929-57, growth rate of air transportation,
as expressed in terms of passenger miles flown, has been at
an average rate of about 25 percent a year. In the past decade, the growth rate was 15 percent per year and since
1953 it has averaged 10 percent per year. Last year, total
passenger miles flown exceeded 25.5 billion, somewhat more
than 4 times the volume 10 years ago and more than half
again as much as in 1953.
Passenger travel on air lines has continued upward without? interruption since the service was inaugurated in the late
2() s. The rate of increase from 1957 to 1958 was considerably smaller than in other recent years due in part to prolonged work stoppages in several major lines which occurred
in the closing months of 1958 when traffic is normally at a
high rate and in part to the impact of the business decline.
Where groivth has been checked
Television and diesel-electric locomotives represent illustrations of products with a declining or stable market following an initial period of relatively fast growth. To a
large extent the production experiences of these two products
is explainable by the rapidity with which a high degree of
market saturation was obtained.
In the case of television receivers, market acceptance was
especially rapid in the early years of development. Production during this period was high and prices were marked
down substantially. Since 1955 when output reached a peak
of 7.8 million units—only a little higher than in 1950—•
the number of receivers produced has declined steadily and
in 1958 dropped to 4.9 million, the lowest in 9 years.
During this 12-year period, over 64 million sets were produced. Concurrently, the number of households with television sets increased from about 5 million in 1950 to 32
million in 1955, and to 43 million in 1958, with the proportions to all households advancing from 12 to 67 to 86 percent,
respectively. Thus it can be seen that the near saturation
point for television receivers was reached within a relatively
short period of time, in fact, considerably earlier than for
any other major type of household consumer durable goods.
For example, 12 years after their introduction on a reasonably large scale, less than two-thirds of the number of households had radios, about one-fourth had refrigerators, and
one-fifth had washing machines.
SURVEY OF CURRENT BUSINESS
22
May 1959
Production Pattern of Fast-Growing Products in Postwar Years
Some products have maintained their strong uptrend
Biltton passenger-miles
IOO
8O
Billion
10
Million
10
Plywood,
60
Power lawn
Air travel
Growth has slowed in others
Million Ibs.
Billion Ibs.
Billion ton-milts
1,000
800
I0
r,ooo
800
600
600
400
400
Frozen foods
Cellophane
100
80
-
Aluminum, primary
-
60
40
Dryers
and for some lines growth has been checked
Million Ibs.
Million long tons
10
10
VV
Thousand
to
1,000
800
Tractors, off highway
600
400
-
Sulfa drugs
Synthetic rubber
Pick-op
hoy balers
100
80
60
40
10
1947 50
55
60
1947
50
55
Note.—The heavy dots denote the postwar recession years.
U. S. Department of Commerce, Office of Business Economics
60
1947 50
60
1947 50
60
1947
50
55
60
Data: Government and private agencies
59-5-11
SURVEY OF CURRENT BUSINESS
May 1959
23
NOTE.—The average annual rates of growth shown in the table
below are based upon the change in output from 1929 to 1957
or from first year production data are available.
Table 1.—Production of Selected Products and Services, 1948, 1957, and 1958
Production
Product or Service
Unit of measure
1948
1957
Production
1958
(preliminary)
Rapidly Growing Products—Increases at an Average Annual Rate of 7l/2 Percent or More
40 Percent and over
Transistors
-Titanium sponge
Power steering
Power brakes
Antibiotics
Television sets
Polyethylene
Styrene plastics and resins
Vitamins
Helicopters, nonmilitary
Rubber, synthetic, all types
Butadiene
_
Detergents, synthetic
Thous
Tons
Thous
Thous
Thous. Ibs
._ . Thous
Mil. Ibs
Mil Ibs
Thous. Ibs
Units
Thous. Ig tons
Mil Ibs
Mil Ibs
-
30 to 40 Percent
TV Broadcasting stations
A ir ton-miles
flown
Fibers, synthetic, ex. rayon
Dryers. - ._
_.
Coffee makers, automatic
Argon
-Air conditioners, room
_ .
...
Rubber or latex core mattresses
Melamine resins
- ..
Dehumidifiers
- _- -Tape recorders, home use
Carpets and rugs, tufted
Shavers
_- Pentaerythritol
20 to 30 Percent
Effervescent wines, withdrawals
Tractors, off-highway type
Picture tubes, sales
_ - ..
Jet fuel
Air revenue passenger-miles flown
Pick-up bay halers
Blankets electric
Helium
_
_Rayon and nylon tire cord
DDT
.
Lawn mowers power
- Ammonium sulfate, synthetic
15 to 20 Percent
Urea resins
Locomotives, diesel-electric
Xylene
_ _ _ _ _
Disposals, food
- Automatic transmissions
* 1, 318
10
114
240
975
28, 738
17, 249
2,223
1,719
2,373
6,399
47, 051
5,000
1,756
1, 258
2,500
4,920
19
165
2,566
71
488
661
636
708
776
8,569
310
1,118
1,542
3,507
880
720
8,700
186
1, 053
1,465
3,594
50
223
75
92
600
30
74
521
601
626
1,294
4,365
397
1,586
546
613
592
1,211
4,200
372
1,550
577
111
225
500
100
6,650
57
620
113
210
410
110
6,400
52
6
49
675
51
251
20
397
264
2,238
5,133
887
9,721
63
25
66
2,200
292
435
124
3,300
1,040
2,502
4,086
860
8,252
74
26
67
2,410
334
368
n.a.
3, 452
1,094
125
2,254
61
175
e
1, 270
238
1,312
127
550
4,915
242
434
205
616
3,318
c
Number
M!il miles
Mil Ibs
Thous
Thous
Mil cu ft
Thous
Thous
Mil Ibs
Thous
Thous
Mil. sq. yds
Thous
Mil Ibs
Thous. wine gal— .
Units
Mil. Ibs
Thous
Mil. bbls
Bil. miles
Thous
Thous
Mil cu ft
Mil Ibs
Mil Ibs
Thous
Thous. sh. tons...
Mil Ibs
Units
Mil gal
Thous
Thous
24
b
100
1,650
21
1,063
414
218
1,309
Plastics and resin materials, total
Perchloroethylene
- _
Distilled spirits, withdrawals
Paper milk containers
Magnesium
_ _ . ...
Trailer coaches, mobile home type
Skirts separate
Frozen foods
__ - Coumarone-indene & pet. polymers.
Plasticizers
Mil. Ibs
Mil Ibs
Mil gal
Mil. cartons
Thous. sh. tons
Thous
Mil
Mil Ibs
Mil Ibs
Mil Ibs
1,485
68
108
5,014
10
85
35
1,347
135
148
4,340
197
158
13, 650
81
143
88
5,000
286
442
4,600
188
155
13, 920
30
132
84
4, 765
280
404
Mixers, food, std. and portable
Methanol, synthetic. .
Canned fruit juices _
Phonographs, single
Ice-making machines
Phosphoric acid
Thous
Mil gal
Mil Ibs
Thous
Thous
_. ..
Thous. sh. tons__-
1,570
156
2,458
351
6
432
3,600
229
2,121
3,718
31
1,569
2,765
226
1,819
3, 212
n. a.
1,727
690
159
94
775
10
185
925
356
181
1,209
22
178
1,101
304
177
983
17
170
18
46
2,660
225
617
297
27
112
3,843
390
1,351
556
27
1.13
4,040
425
1,390
510
10 to 15 Percent
Freezers, farm and home
_ _
Phthalic-anhydride
Waists, blouses, and shirts
Acetic anhydride. _ _ _
Aircraft, civilian, airframe weight
Garden tractors __
Fibre drums
Aviation gasoline
Sulfa drugs
__
Dishwashers, motor-driven.
Formaldehyde
Phenol, natural and synthetic
See footnotes on page 25.
_
.
Thous
Mil Ibs
Mil
Mil Ibs
Mil. Ibs
Thous
Mil
Mil. bbls
Thous Ibs
Thous
Mil Ibs
Mil. Ibs
Product or Service
Unit of measure
1948
1957
1958
(preliminary)
Rapidly Growing Products— Increases at an Average Annual Rate of 7l/2 Percent or MoreContinued
10 to 15 Percent— Continued
Transparent film for packaging
Ammonia synthetic anhydrous
Clocks
Repairs household durables
Nitric acid
_- _ _ _ _ _
Chlorine gas
Mil Ibs
Thous sh tons
Thous ...
1940=100
Thous. sh. tons__.
Thous. sh. tons__-
205
1, 375
9,995
331
1, 133
1,640
590
3,734
8,400
629
2,843
3,948
627
3,831
8,100
638
2, 698
3,600
Motor truck transportation
Cellophane
Douglas fir (softwood plywood)
Aluminum, primary ingots
Water heaters electric
Fermented malt liquor (beer)
Bil. ton-miles
Mil Ibs
...
Mil. sq. ft
Thous. sh. tons
Thous
Thous bbls
116
165
1,871
623
1,040
91, 291
261
390
5,413
1,648
800
89, 882
260
493
6, 136
1,564
824
89,011
71/2 to 10 Percent
Still wines withdrawals
Insulating board and hardboard
Acetylene
OU burners residential
Shipping sack paper
M!il wine gal
Thous. sh. tons-.Mil cu ft
Thous
Thous. sh. tons
110
1,270
5,144
420
567
140
1,563
10, 525
674
872
143
1,630
10, 696
578
830
16
104
33
212
38
213
Oxygen
Glazed and unglazed floor and wall
tile.
Rayon and acetate
Calcium carbide
Distillate fuel oil
Mil Ibs
Thous. sh. tons-_Mil bbls
1,124
683
381
1,139
1,016
669
1,014
903
631
Ranges electric
Pipelines, oil (transported)
Power sprayers and dusters
Hardwood doors
Thous
Bil. ton-miles
Thous
Thous
1,600
120
131
3, 855
1, 365
233
98
5,486
1,355
223
102
4,500
Bil cu ft
Mil sq ft
Moderately Growing Products— Increases at an Average Annual Rate of Less Than 7l/2
Percent
6 to 7l/2 Percent
Coats separate men's
Fans
Acetylsalicylic (aspirin)
Fabricated structural steel
Receiving tubes
Repairs, passenger cars and trucks
Thous
Thous
Thous Ibs
Thous sh tons
Mil
1940=100.-
4.900
3,795
11,016
2,718
205
262
9,043
5,303
18, 054
4,180
456
317
8,440
4,332
21,003
3, 664
397
322
Electric power total
Domestic water systems
Acetic acid
Gypsum wallboard, incl. lath
Suits, women's
Sodium hydroxide, liquid
Shipping containers
Bil kw -hr
Thous
Mil Ibs
Mil. sq. ft
Mil
Thous. sh. tons
Mil sq ft
337
650
422
5. 035
15
2.377
62
716
750
544
6,514
10
4,348
97
724
720
570
7,117
10
4,055
97
Merchant ship construction, del
Radio broadcasting stations
Natural gas marketed
Sanitary and tissue
Glass containers
Cleaning and dyeing
Pulpwood consumption
Thous. gr. tons
Number
Bil cu ft
Thous. sh. tons
M^il gross
164
2.662
5,148
1. 188
99
247
21
320
3,717
10, 680
1,912
148
256
36
564
3,889
11,015
1, 901
145
252
35
Steel barrels and drums heavy type
Corn pickers field
Kitchen cabinets steel
Woodpulp
Carbon black
Closures commercial
Asphalt
Mil
Thous
Thous
Mil sh tons
Thous. sh. tons
Mil
Thous. sh. tons
27
79
3.236
13
649
10, 780
9,440
25
41
2,490
22
900
17, 005
15, 579
4,766
1,837
45
908
82
3,350
2,683
61
1,463
124
3,117
2, 605
49
1,573
125
3.082
387
4,196
3, 151
16. 500
4. 850
3,651
442
3,791
4,051
15, 428
4.000
3,411
470
3,692
4,031
12, 577
3.400
5 Percent
Refrigerators electric
Lamps bulbs and tubes
Trailers truck
Oleomargarine
Drinking fountains
Flush tanks vitreous china
Cigarettes, production. _
Washing machines, electric and gas
Printing paper
Radios incl auto
Toasters
1940—100
Mil cords
Thous
Mil
Thous
Mil. Ibs
Thous
Thous
Bil
Thous
Thous. sh. tons__Thous
Thous.-
22
42
n. a.
22
824
17, 675
16, 251
SURVEY OF CURRENT BUSINESS
24
May 1059
Table 1.—Production of Selected Products and Services, 1948, 1957, and 1958—Continued
Production
Production
Product or Service
Unit of measure
1948
1957
Product or Service
1958
(preliminary)
Unit of measure
1948
1958
(preliminary)
1957
Moderately Growing Products— Increases at an Average Annual Rate of Less than 7l/z percent — Continued
Moderately Growing Products— Increases at an Average Annual Rate of Less than l1/^ percent — Continued
_ Percent
< ' ui'- metal, steel consumed
_ _
Thous. sh. tons_-_
*' ip'-i board, incl. wet machine board. _ Thous. sh. tons.-.
superphosphate _
Thous. sh tons
\liillllt'
Mil Ibs
Victor fuel, all types
Mil bbls
iNatural and synthetic rubber, total Thous. long tons_.
consumption.
0 to 2 percent — Continued
Space heaters oil
Iron ore
Copper, consumption
Railroad revenue freight ton-in'les
Passenger cars
1 < < • it 1112; pads
( ' il'-ined gypsum
Iiipet^pring mattresses, except crib
Telephones in service
Mdphuric acid
__ . _
"B iild'ng paper
Thous
Thous. sh. tons
Thous
Mil
Thous. sh. tons...
Thous sh tons
^ -e< i il industrial and absorbent paper.
^ ITU air furnaces
Vv oik pants
Ti Olivers, separate, dress and sport
Thous. sh. tons
Thous
--_ .Thous doz
Mil
Mil sh tons
Thous
Mil. sh. tons
Mil. Ibs
Thous sh tons
Thous. sh. toiiS--.
Mil. brick equiv..
Mil Ibs
Mil. gal
Mil. bbls
Thous. hp—
^ Hi
VV i'or heaters, gas
S »:i' i and gravel
-
i e'*ili70is commercial
Piru'i and board, total
(-1 trod and unglazed hollow facing tile.
< iriifd fruits
"H^n/ene, chemical and motor grade. ..
Cnide petroleum
_ __ _ _ _ _ _ _ _
\ malt engines, civilian
3 Percent
i i ^h explosives, industrial
^ « 'uini cleaners
I "»
f <M
L Clones, total
Mil. Ibs
3, 245
9, 508
1, 900
92
922
1,069
4, 595
14, 194
2, 455
113
1,438
1, 465
4, 761
14,293
2, 415
100
1,423
1, 357
1, 000
6, 249
d 0, 226
38
11,456
1,321
2, 055
1,920
8,045
7, 980
67
15. 852
1, 349
3, 500
38
16
] . 500
319
659
1, 131
6. 047
71
24
2, 532
628
611
1, 186
5, 900
73
21
1,098
17 596
21, 897
335
2, 500
184
2, 020
2, 799
1, 404
22, 650
30, 678
465
3, 443
332
2, 6! 7
7, 231
1. 408
22, 900
30, 797
485
3, 327
290
2. 448
3,850
639
3. 361
6, 660
9 075
3. 303
919
3. 190
7 6->o
14,211
3, 580
81 6
3,295 ..
5, 550
13,350 1
3. 678
346
2,721
549
3, 119
(>
5, 491
13
564
3, 183
415
_.
Thrms
Thous
! Mil Ibs
Thous
1 ihn i! as mains in operation
I ' ' 1 LiFll
^ tx petioleum
Mi phur, crude
'1 ui k i7id bus tires
Thous. miles
Mil Ibs
Am bhis
Thous. long tons..
Mil
TI > ' la\ ing tractors
i Me p i per
( KX iloo-'ing
I ^eiioi irames .__
VL'il
-_
2 Percent
K< i one
-T> tiMubs, total
M r-, dress,
sport,
business,
utility...
M vj i' c.)r»ts and steel for castings
(' p'pehnes in operation. _
__ _
Thous
Thous sh tons
Number of editions
Thous. long tons..
Thous. sh. tons
Alii doz prs
Thous
26, 070
876
9,897
267
6,971
144
530
25,511
1,797
13, 142
274
8, 785
147
236
23, 790
1, 723
13, 462
260
9, 172
146
224
Truck and buses
Raw cotton consumption
Cooking stoves, gas, domestic
Combine^ (liar vest or- threshers)
Pork ex lard
Thous
Mil. Ibs
Thous
Thous
Mil Ibs
.
1,376
4, 464
2, 750
91
10,055
1,107
4, 060
1,969
45
10, 482
877
3, 863
2,050
46
10, 525
Railroad freight cars
Cotton broad woven goods
Lead, consumption, primary & secondary.
Shower stalls
Vitrified clay sewer pipe & fittings
Copper, mine
Machine tools metal cuttin.0" t^ r pe
Flour wheat
Thous
Alii linear yds
Thous. sh. t o n s _ _ _
115
9, 640
1,134
100
9, 539
1, 138
44
8, 975
982
Thous
Thous. sh. tons
Thous. sh. tons...
Thous
Mil. bbls
148
1, 496
835
50
142
206
1, 836
1,087
54
122
180
1, 759
980
97
126
Copper, refinery (primary)
Cast iron pressure pipe & fittings
Feature movies
Lard
I '^rnb f'nd mutton
M i Ik ins,' ma chores
"Wool consumption apparel & carpet '•
Thous. sh. tons
Thous. sh. tons
Number
Mil Ibs
1, 107
1. 150
440
2, 321
747
62
693
1, 454
1, 352
390
2. 560
707
25
370
1, 353
1, 278
288
2, 458
680
Thous. sh. tons. __
Thoris. sh tons
Mil. gross.
3, 770
492
789
2.034
303
Thous
Thous. sh. tons __
ATil bd ft
Thous
Mil. Ibs
40
1, 141
832
4,317
1,423
40
1.511
909
5, 279
1, 52*
29 !
1,568
887
5, 762 i
1,200
!
:
Thous. sh. tons. _
Thous. sh. tons
Mil
Mil. bbls
Mil. sh. tons
Mil Ibs _.
Mil sh tons
4, 575
4,010
95
205
60
62
61
4, 659
5, 149
Mens total
Sjops and slippers
Ovei drives
I 'ibi K'ants
I he-^es women's
Mil. Ibs
Mil. prs
Thous
Mil bbls
Mil
21, 300
480
654
51
227
26, 928
598
177
56
251
C mdensed and evaporated milk
Mil. Ibs
T> pew liters, std. includ, portables
i^rdien sinks, total
Bt'lsprings, total
Thous
Thous
Thous. _ _
d
3, 755
788
969
2, 71 1
5, 605
298
SO
92
79
2, 880
986
1,497
1.931
6,978
2,721
782
1, 226
2, 013
6, 860
2,673
26
2,769
25
2,824
24
Mil. gal.
Mil. bbls
Mil
272
466
67
313
416
94
338
363
84
Thous. sh. tons
818
530
936
469
821
463
Mil. Ibs
Mil
Thrm<?
Thous
Alii Ibs
336
Thous. long tons..
91
83
72
Thous
Mil
Bil bd ft
Mil sh tons
Mil. linear vds
Mil
11.820
5, 645
37
600
498
23
9. 868
5, 903
34
493
291
20
9, 605
6,210
33
405
273
18
Brick common and face
Overcoats and topcoats men's
Railroad revenue passenger-miles
Tractor moldboard plows
Work sh irts
Heating stoves, domestic
Alechanical stokers
Mil. std. brick
Thous
Bil. miles
Thous
Thous. doz
Thous
Thous
5, 842
6, 200
41
309
4, 600
5, 227
86
6, 658
5, 516
26
103
4, 121
2, 235
15
6, 490
5.050
23
76
3, 620
2, 128
14
Dungarees and waistband overalls,
men's.
C'irpots 'ind ru°'s wool type
Thous. doz
4, 700
5, 000
5. 400
Alii SQ vds
Index 1940-49=100.
Thous. sh. tons
Ali] Ibs
Thous. sh. tons _ _
Thous. sh. tons
90
108
630
1. 504
407
860
56
94
532
1, 549
537
447
49
93
403
1. 510
472
418
Thous
Bil .
Thous
Mil
Thous. sh. tons
Thous sh tons
Mil Ibs
33 492
17
10, 480
70
3,517
390
263
25, 565
8
9,217
40
2. 265
338
206
25, 726
8
8, 069
41
989
266
n.a.
Mil. Ibs
Mil. Ibs
Thous
Units
Thous. sh. tons. . _
ATil bd ft
Thous
Mil. sh. tons
Thous
245
3, 180
37, 970
946
1. 263
75
477
57
536
179
1,433
22. 336
841
687
45
44
25
163
180
1,338
19, 942
130
590
40
35
22
n.a.
Index 1940-49 =100.
Thous
Mil. sq. ft
_ Mil. Ibs
Mil. Ibs
Units
68
4,091
60
285
31
2,015
25
42
8
4
22
1,036
4
0
28
1,928
20
35
Zinc, mine ... .. _
Cro'imorv butter
Lead vofined
Wire nails and staples
110
2, 114 1
21
85
2 Percent
203
Sheep and 1'imb skins
Local transit, passengers carried
4,328
4, 950
Inner
tubes, pass, truck and bus
25
Kcl b , U c^
^
311
60
Ca^t
iron
boilers
(round & square)
84
25, 760
582
137
51
241
A f i l Ihq
Products Showing Declining Trends
4. 685
444
758
2, 300
318
h tdnrn ( ubonate (soda ash)__
^ ev, -p'mt consumption./ ufo .i"tive replacement batteries
( en ont, portland
* ij^hed steel pioducts, total
F r h \ 1 acetate
P * non
See footnotes on page 25.
Cattle hide and side kip
Newsprint
Book publications
Reclaimed rubber production
Sugar, refined
Hosier v shipments total
Tractors wheel tvpe ex ^arden tvpe
3, 438
394
640
1,542
333
Units.
Mil ffal
109
1,873
20
113
197
0 to 2 Percent
i onfeetionery sales
C'jat>, trimmed and untrimmed,
women's.
Paint, varnish, and lacquer, _.
Residual fuel oil
Pii^enger car tires
235
68
1, 149
555
4,258
7, 748
3, 603
4, 338
1.014
8, 493
122
1,948
17
89
153
_ _ _ ._ _
;
332
106
1,239
622
6,113
5,917
3, 027
3. 408
706
7, 585
4, 869
15
Mil. bbls
Thous
Mil. doz
Mil. sh. tons
Thous. miles _ _ _ _
__
615
1,235
101
1,214
641
3, 909
Up to 2 Percent
4.615 1
Tin consumption, primarv & second13
ary.
Open bash
8, 1 ,(i '
Cisai-i pioduction
3,631
1 uinhei total
4, ()_>M
Bituminous coal
1,030
V\ oolen and \\oisted woven goods
8. 070
Suits men's
( i ned \egetables (commercial pack). Mil. Ibs
Thous sh tons
( i v i} -o p iper
Thous
V -tci ( lo^ets
Thous sh tons
L i ' i iper
V* ' - t e p i p e t consumption
Thous. sh. t o n s _ _ _
[ "MMi i il trucks and tractors, electric,
« 1-^1 r\pe.
Fn fv l c'lcohol
( !-> non soil pipe and
fittings
< 'iX'iPte reinforcing bars
8.' 018
64
16, 388
1, 328
Thous
Thous. long tons._
Thous. sh. tons...
Bil miles
Thous
3 to 5 Percent
Manufactured tobacco
Soap natural
iroai ana K a s ^ ns
Structural clay tile
Ironers
Anthracite
Range boilers
5 Percent and over
Ponderosa pine doors
Radiators and convectors
Tire cord, cotton. _. - Silk consumption
Locomotives, electric
Asphalt sidings
Black blasting powder
Locomotives, steam
Thous. squares
_ Units
8
32
3,280
33
86
0
17
1,039
3
0
May 1959
SUEVEY OF CUREENT BUSINESS
Sales of black and white television sets as a replacement
and as a second or third receiver are increasing. Information available on the number of households having more
than one set indicates that about 7 percent of households
had two or more sets in January 1958, compared with 5 percent in April 1957, and 4 percent in February 1956.
Sales of color television receivers, which have been on the
market for the past 3 or 4 years, have not yet reached
volume proportions.
For diesel-electric locomotives the market pattern was
strikingly similar. This type of locomotive power was introduced for the first time in the midtwenties, largely for
experimental purposes. At the end of 1929, only 22 were in
use on Class I railways. In the next 10 years, the number
in use expanded to 500 and at the end of 1946 totaled 4,400.
Thereafter, a period of rapid expansion followed so that by
the end of 1958, there were over 27,000 diesel-electric locomotives on the railroads, a fivefold increase from 1946.
Locomotive builders quickly supplied the needs of the
railroads for diesel-electrics after World War II. From
1947 to 1951, a period when the railroads were rapidly converting from steam to diesel motive power, deliveries increased from about 600 in 1946 to 3,400 units in 1951,
averaging 2,300 units for the period as compared with an
average of a little over 600 during the war years. Thereafter, the trend was downward as more and more railroads
completed their conversion programs. In 1958, a year when
railroad traffic and investment expenditures for new equipment were sharply reduced, deliveries dropped to 434 units,
the lowest since the war years.
The dieselization program of the railroads appears to be
virtually completed having just about replaced the steam
locomotive as a means of transportation. In fact, only one
new steam locomotive has been installed on Class I railroads in the past 5 years and the number in service has been
reduced from 35,000 in 1947 to less than 2,500 in 1958.
Slower growth for some
Examples of fast-growing products where growth has been
temporarily slowed are shown in the center panel of the chart.
25
For freezers and dryers—2 relatively new consumer hard
goods—output appears to have leveled off. Freezer sales
have been maintained around the 1 million mark for some
years while dryers reached a high of 1.5 million units in 1956
and have since been at a somewhat lower level. Unlike television sets, however, only about 20 percent of wired homes in
the United States had these appliances as of January 1,1959.
Frozen foods rank as an outstanding development in the
food industry. Output has been generally upward with most
of the growth occurring since World War II. Total frozen
food production—fruits and juices, vegetables, meat, prepared foods, and others—reached approximately 5 billion
pounds in 1958, or 4 times that of 1947. In 1957 and again in
1958, production was somewhat below the record volume of
1956 but this was entirely due to unfavorable weather which
sharply reduced the crop of oranges and grapefruit suitable
for freezing. Actual consumption, on the other hand,
continued its strong uptrend.
The basic trend of output of most of the individual frozen
food lines is still increasing, though growth rates for the old
established products, such as fruits and vegetables, have
slowed down noticeably in recent years while those for the
newer lines are still expanding. The prepared food group—
pot pies, fruit pies, complete packaged dinners, and others—
a relatively new development in the frozen food line, is the
most rapidly growing segment of the industry.
As has been indicated in the SURVEY, the broad indicator's
of economic activity have depicted the nature and character
of the recent recession and recovery period. The maximum
reduction from peak to trough in total real output of goods
and services was 5 percent and the subsequent recovery, which
began in the spring months of 1958 and is still continuing, lias
already exceeded 7 percent. Divergent trends have characterized the movements within the broad aggregates. As the
foregoing discussion and table indicate, this was strikingly
true for individual products and services where the production patterns of the various old established lines and the new
more raj)idly growing products varied widely depending on
the diverse intensities of demand.
FOOTNOTES FOR TABLE 1
n.a.—Not available,
a Data are for 1954.
b Data are for 1951.
c
Data are for 1952.
d Data are for 1947.
e Data are for 1949.
Source: U.S. Department of Commerce, Office of Business Economics, based upon
data obtained from private and Government sources.
26
SURVEY OF CURRENT BUSINESS
May 1959
National Income and Product
(Continued jrom page 7)
Another view of the recent course of employment is obtained by comparing the entire current cycle to date, including the 2 quarters of decline as well as the 4 of recovery,
with a period of like duration following the mid-1953 peak.
Employment is now about as close to the previous high as
it was 6 quarters after the earlier downswing began. That
earlier period, however, included 4 quarters of decline and
only 2 of recovery.
The improvement recorded for April 1959, which is described earlier in this issue, does not substantially alter these
comparisons with the experience of the previous cycle.
Industry pattern of income
The industrial structure of recovery in national income,
like the market pattern of the rise in GNP, has continued
since the turn of the year along the same general lines which
were apparent in the second half of 1958. The base of the
upswing has broadened appreciably, however, in recent
months.
Hard-goods manufacturing, mining, and transportation,
which had recorded the sharpest declines in the period of
contraction, extended the rebound begun last summer.
Other nonfarm industries producing and handling commodities generally seem to have stepped up somewhat the
pace of their late 1958 advance.
First quarter data on national income are not yet complete. The recent course of the large wage and salary component, however, provides a clue to the latest developments
in the industrial structure of the income stream. Of particular interest is the gradual fanning out of the effects of
the economic recovery to a broader range of industries.
This pattern, which was a notable feature of the business upswing in early 1955 also, is seen in the increasing extent to
which the continued strong advance in durables manufacturing is accompanied by accelerated payroll gains among
the nondurables and in a wide variety of nonmanufacturmg
lines.
Corporate profits
Increases in profits from the recession low of early 1958
gained momentum as the year progressed. By the fourth
quarter corporate profits were back to about the early 1957
level. Before taxes and excluding inventory gains and
losses, the profits share of national income readied a seasonally adjusted rate of $44 billion prior to the end of the year.
Data so far available indicate a further advance in early
1959. With taxes absorbing about one half of total pretax
profits, and dividends stable as usual, there was a particularly sharp expansion of undistributed profits: these recovered the early 1957 rate of approximately $10 billion.
Despite the sharp rebound in the second half of last year,
the profits share of national income was lower for 1958 as
a whole than for 1957—$36 billion, as compared with $42
billion. A slightly greater decline was evident in pretax
book profits, as inventory gains also dropped. After-tax
profits were off proportionately from $22 billion in 1957 to
$18 billion last year. Dividends were maintained at approximately the 1957 figure, while retained earnings fell by
two-fifths, to a postwar low of $6 billion.
In terms of industrial origin, both the decline and the recovery during 1958 centered in durable goods manufacturing. Auto profits rose sharply in the last quarter and improved earnings in nearly all the other durables groups
were apparent from midyear on. Changes in iiondurables
profits were generally somewhat smaller in dollar magnitude as well as in percentage terms. Most of these industries
experienced better profits in the second half of 1958 than
earlier, as did almost all nonmanufacturing lines. Among
the latter, transportation and trade showed the most marked
p'ains.
Rise in Business Population
(Continued from page 19)
and the services appear within a rather narrow range
slightly below average.
Within manufacturing the lumber group ranks highest,
with an average annual discontinuance rate more than double
that of the division as a whole and substantially higher than
that found for any other group in or out of manufacturing.
The lumber group is particularly volatile and although the
average lumber firm is small in comparison to other manufacturing groups, it is not small at least in terms of employment when compared to eating and drinking places in retail
trade or miscellaneous repair shops in services, each of
which has a much lower average discontinuance rate.
In nearly all years new and transferred businesses move
in the same direction and, for the business population as a
whole, were nearly equal in number over the 5 years 1951-55.
When added together these series represent all newly acquired businesses. The probability that a newly-acquired
business will be newly established varies considerably among
the industry divisions and groups. Thus, in construction,
new businesses outnumber transfers by nearly five to one.
In the liquor, drug, grocery, filling station, and hardware
lines of retail trade, on the other hand, new entrepreneurs
are more than twice as likely to acquire the business by
transfer. While business births exceed or about equal transfers in half of the retail trade groups, this division accounts
for two-thirds of all business transfers as compared with
about two-fifths of all operating concerns.
Statistical Note
The sources and methods employed in preparing business
population estimates are described in the technical notes to
the article, "Recent Business Population Movements," in the
January 1954 issue of the SURVEY or CURRENT BUSINESS.
Statistics contained in the 1954 article for 1950 and all available earlier years required no revision and tie in with data
presented here. Annual business population estimates on
the number of firms in operation begin in 1929 for the major
industry divisions and in 1945 for the detailed industries as
shown in table 3 of the present article. Business turnover
estimates start in 1940 for the divisions and in 1945 for the
groups.
SURVEY OF CURRENT BUSINESS
May 195&
STATISTICAL SERIES
Department-Store Stocks (United States), End of Month, 1919-58: Revised Data for Page S-ll1
[1947-49=100]
Without adjustment for seasonal variation
Month
1919
1920
1921
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
January
February
March
April
May June
31
32
34
34
34
33
40
44
49
51
50
48
37
39
41
42
42
40
37
40
43
43
42
40
39
42
46
48
47
44
42
45
50
51
49
46
43
45
50
50
49
47
44
47
51
51
50
47
44
47
51
51
49
46
44
47
50
50
49
46
43
46
49
50
49
46
42
44
48
48
47
44
37
38
41
42
41
38
32
33
35
35
34
31
25
26
27
27
27
27
28
30
32
33
33
31
28
30
32
33
32
30
29
31
33
34
34
32
33
36
40
41
41
38
m
32
si
July
August _ _ _
September
October
November
December
34
38
43
45
47
41
48
50
54
55
53
42
40
42
46
47
47
39
39
41
44
45
47
40
43
46
50
53
54
44
44
46
50
53
53
44
45
47
51
54
55
46
45
46
51
54
55
45
45
47
52
55
56
46
44
46
50
54
55
45
44
46
49
54
55
45
41
42
45
48
49
40
36
37
40
42
43
34
29
28
30
32
33
27
27
30
35
37
38
30
29
30
33
35
36
29
28
30
33
36
37
30
30
32
36
39
41
34
37
39
42
44
45
35
3$
33
3t
4f
Monthly average
37
49
42
42
46
48
49
49
49
48
48
45
39
32
30
32
32
34
39
3fc
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
32
34
34
n
32;
195S
January _
February
March
April . .
Mav
June-- .
31
33
36
37
36
34
33
36
39
39
39
35
35
38
41
42
43
42
47
54
60
66
70
70
50
49
51
51
52
52
52
55
57
58
59
57
50
53
55
60
63
63
53
57
63
68
73
75
86
92
97
96
93
87
92
103
112
113
109
102
92
98
105
105
102
94
91
99
108
109
107
99
115
126
141
145
139
129
109
115
124
125
122
112
115
123
132
137
134
125
113
120
132
133
130
120
117
124
135
138
136
129
131
140
150
152
148
139
135
142
155
159
155
146
July
__
August
. .. .
September
October _ _ _ _ _ _ _ _ _ _
November
December
33
34
38
41
43
34
34
36
40
43
45
36
42
47
54
60
61
48
70
71
70
69
66
51
56
61
64
63
62
51
57
63
64
65
62
48
63
66
66
67
65
50
81
87
91
98
102
86
85
90
95
105
109
90
100
106
111
117
121
96
90
94
101
110
113
91
95
106
120
135
139
111
126
130
133
137
136
111
112
116
126
137
141
112
124
130
137
147
148
116
118
125
134
144
147
119
128
134
144
155
159
129
139
148
156
170
173
137
144
150
160
173
174
135
i7g173;
136-
36
38
46
64
55
58
60
78
94
107
100
110
131
121
131
128
136
148
152
14$
Monthly average
,
132
139
u:
149
146
14§
im
144
157
Adjusted for seasonal variation
1919
January..
February
March.
April
May _
...
June
July
September
October
November
December
__._.
_
__
_.
January
February
March
April
May
June
July
August
September
October
November
December
______
-
-
. _ __
1920
1921
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
193$'
34
34
34
33
34
34
45
47
49
49
49
50
42
41
41
41
41
42
42
42
42
42
41
41
44
45
45
46
46
46
47
48
48
48
48
48
48
48
48
48
48
49
49
49
49
49
49
49
49
49
49
49
49
48
49
49
49
48
48
48
49
49
48
48
48
47
47
47
47
46
46
45
41
41
40
40
40
39
35
35
34
34
33
33
28
27
26
26
27
28
32
32
32
32
31
31
32
32
32
32
33
32
33
33
33
33
38
38
39
40
40
40
37
3*
36,
35
36
35
36
39
40
41
42
44
51
51
50
50
47
45
43
43
42
42
42
42
42
41
41
41
42
43
46
47
47
47
48
47
48
47
47
48
47
48
49
49
49
49
49
49
48
48
49
49
49
49
49
49
49
49
49
49
48
49
48
48
48
48
48
48
48
48
48
47
45
44
43
43
43
43
39
38
39
38
37
36
31
30
29
29
29
29
29
32
33
33
32
32
32
31
31
31
31
31
31
31
32
32
32
32
33
34
35
35
35
36
40
40
40
39
39
38
35
35
35
34
35
35
1939
1940
35
35
35
35
35
36
38
38
38
38
38
37
40
40
41
42
42
43
54
59
62
66
69
71
58
53
53
51
51
53
59
61
59
58
58
57
57
58
57
60
62
63
60
62
65
68
72
76
96
96
94
93
92
91
103
105
107
108
107
108
102
100
101
100
100
100
101
102
103
103
105
104
128
130
135
137
136
136
122
121
119
119
119
118
128
129
128
130
131
132
126
126
128
127
127
126
131
131
132
132
134
136
146
146
146
146
146
147
151
149
150
152
152
153
36
36
36
37
37
37
37
37
38
38
39
40
45
47
49
54
54
54
70
67
64
62
60
59
55
57
58
57
57
59
57
58
58
58
58
56
63
61
60
60
60
57
81
83
86
88
92
97
90
91
91
94
97
100
108
109
108
106
107
106
99
97
98
99
100
100
104
110
116
121
122
124
137
135
129
123
120
124
120
120
122
123
125
124
132
133
132
132
131
129
127
127
129
129
130
131
137
137
138
139
140
143
149
151
150
152
152
151
155
153
154
155 ,
154
150
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
32
1954
1955
1956
1957
1958
147
MI
143,
143
144:
147
141
14S
15&
152
ism
IW,
1. Source: Board of Governors of the Federal Reserve System. The data have been revised to reflect adjustment to Census of Business benchmarks for 1954 and the. up-dating of the seasonal
corrections.
SURVEY OF CURRENT BUSINESS
2O©
May 1959
Steel Production Index, 1929-58: Data for Page S-32
[1947-49 daily average =100]
Year
January
February
March
May
April
July
June
*,-
September
August
October
November
December
Average
1929
1930
71 9
60 3
76 6
71 3
81 0
67 9
81 7
67 8
84 5
63 5
81 0
56 4
46 6
78 9
48 8
74 8
46 8
72 5
43 0
58 1
36 5
46.4
31 6
73. 7
53 2
1931 .
1932
1933 . .
1934
1935
40
23
16
32
46
1
7
3
0
1
45
25
19
39
49
0
3
0
2
3
48
22
14
44
46
8
9
4
8
0
45
20
22
48
43
6
8
3
6
8
40 7
18 0
31 6
54.5
42 3
35
15
42
50
37
30
12
50
23
36
1
9
7
9
4
27
13
45
22
46
4
5
8
1
8
25
16
37
21
46
5
4
8
0
9
25
17
33
23
50
4
3
4
7
5
26 3
17 0
25*2
26 7
52 3
20
13
28
31
49
8
7
8
5
4
34 2
18 0
30 7
34.8
45 6
48 8
75 9
27 9
51.5
81 0
50
78
30
53
68
8
6
2
7
0
53
83
32
55
61
6
9
2
2
7
65 3
84.3
31 9
49.8
59 6
64 9
82. 9
29 0
47.4
69 8
66 0
69 5
27 1
52.4
82 2
62 9
73 3
31 8
51.3
80 5
67
78
40
61
87
2
4
8
0
0
68
71
44
70
88
9
3
o
9
0
72
54
50
87
93
8
6
0
5
4
71
35
59
91
94
71
23
50
83
91
1
7
4
8
3
63
67
37
63
79
97 3
100 0
104. 4
106 7
101.3
97 0
101 4
106. 2
108 1
103.5
100 1
103 9
107.9
110 0
108.3
98 1
103.4
107.1
110.3
105.9
99 0
103. 8
106.1
108. 3
104.7
98 7
101 9
102.2
105 1
99.4
95 8
100 4
104. 1
105 4
98.2
98
101
106
105
80
4
6
6
4
6
98
102
109
105
86
9
5
1
1
9
101
106
109
107
78
7
5
8
1
7
101 1
104 3
107. 1
105 7
90.1
100 5
102 7
102.0
103 5
85.2
98 9
102.7
106. 1
106 7
95.2
54 4
101.5
105 2
115.2
111.6
21 7
101. 1
104 4
116. 6
105.9
91 5
102 9
107 1
118. 1
105.4
85 1
102.4
90 4
113.2
119.5
57 2
103.2
106 6
106.8
120.4
81 7
101.4
105 5
94.5
118.3
93 0
92 5
99 5
81 3
113.6
97
98
104
94
115
3
3
7
5
9
95 2
98*7
107 8
95 8
119 2
97
106
112
13
123
7
4
4
0
0
93 8
105 2
103 3
61 3
116.5
81 0
103.7
109 4
108 6
117.4
79 5
101.4
105 5
93.1
115.6
124.4
128.4
139.1
111.8
124 2
120.9
130. 1
139.0
110.2
132 2
127.6
132.2
142.9
102.5
140 3
128.5
116. 1
138.7
101.3
142.6
127.9
115.3
140. 5
105. 0
145.2
125.8
23 8
136. 6
107.0
141 6
122.1
22 9
130.4
93 2
127 9
122
119
132
93
134
8
5
2
7
9
125
131
129
98
143
8
6
0
9
5
128 2
137 9
133. 0
108 3
147 6
127.8
137 1
126.2
117 5
148 8
125.0
136. 2
111.7
116.5
147 6
125. 6
110.9
133.2
105.4
139. 7
152.2
154. 7
94.9
152. 1
155.4
90 0
153 6
148.8
87 9
152. 9
142. 6
80.4
147. 5
137. 6
88.6
141 2
136.4
103 5
22 8
125. 2
90 G
IM 2
129 8
102 7
151 4
130 4
110 9
155 3
129.3
124 3
153 3
121.9
124. 5
152. 3
104.3
122.4
137.2
134. 6
101. S
_.
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950.
1951
1952
1953.
1954
1955
_ .
-.
. _
1956
1957
1958
1
1
4
7
5
r
8
8
2
4
0
7
6
9
0
8
1. Source: American Iron and Steel Institute. Since these indexes are based on daily average production, relative changes calculated therefrom may not coincide with relative changes
In the tonnage figures (also shown on p. S-32) which are calendar-month totals. The FRB index of steel production (on p. S-2) is weighted by grades of steel, whereas the AISI index
is unweighted.
Public and Private Debt
(Continued from page 14)
stallment and single-payment loans. Sales finance company
holdings of consumer credit declined nearly a billion, mirroring the drop in automobile loans, which account for the
bulk of their business. Most other lenders reported small
increases.
Financial debt rises sharply
Financial debt of individuals and unincorporated enterprises rose $iy2 billion to a total of $12y2 billion at yearend.
This sharp advance centered in the security loan component.
Similar advances in such debt had occurred in 1949 and
1954; in each instance the increase in security credit accompanied a rise in stock market prices and trading.
During the downward phase of the business cycle in early
1958, the Federal Keserve Board had lowered stock margin
requirements to 50 percent. As stock prices resumed their
upward movement the volume of security loans rose sharply,
and early in August the Board raised margin requirements
to 70 percent. With a further upward drift in stock prices,
activity, and security loans during the fall, margin requirements were raised to 90 percent. There has since been little
further increase in such debt.
Life insurance policy loans—the other major component of
financial debt—rose at about the same rate as in other recent
years.
Long- and short-term farm debt rose $3 billion to a total
of $23i/> billion.
The increase in farm debt during 1958 reflected partly
a $iy2 billion rise in price-support loans made or guaranteed
by the Commodity Credit Corporation. Last year's spurt
in such loans followed 4 years of gradual reductions in the
volume outstanding.
Crop production in 1958 was 10 percent above the plateau
established during other recent years. While there has been
a strong secular rise in crop yields per acre, the principal
influence boosting production in 1958 was good weather—the
best in a decade, The sharpest advance was that reported for
wheat, which amounted to around 50 percent. As the record
crop was harvested, prices tended to weaken. Many farmers
elected to put their output under loan with the Commodity
Credit Corporation.
Short-term debt of farmers other than price-support loans
rose substantially last year. The increase amounted to $1 billion—40 percent above the 1957 rate of debt formation.
There was a buildup in the inventory of cattle on farms and
feeder lots during the year, and a continuation of the longterm trends toward purchase of more efficient machinery and
the use of a higher volume of purchased inputs also helped
to swell the total of borrowings.
Farm mortgage debt rose $700 million last year. Although
the volume of sales slowed, land prices were up markedly.
As in other recent years, the bulk of farm land sold went to
increase the size of existing farms.
* BUSINESS STATISTICS
± HE STATISTICS here are a continuation of the data published in the 1957 edition of BUSINESS STATISTICS, biennial Statistical Supplement
to the SURVEY OF CURRENT BUSINESS. That volume (price $2) contains monthly (or quarterly) data for the years 1953 through 1956 and
monthly averages for all years back to 1929 insofar as available; it also provides a description of each series and references to sources of monthly
figures prior to 1953. Series added or significantly revised since publication of the 1957 BUSINESS STATISTICS are indicated by an asterisk (*) and a
dagger (f), respectively; certain revisions for 1956 issued too late for inclusion in the aforementioned volume appear in the monthly SURVEY
beginning with the July 1957 issue. Except as otherwise stated, the terms "unadjusted" and "adjusted" refer to adjustment for seasonal
variation.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided
through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1958
March
May
April
June
1959
DecemAugust SeptemOctober November
ber
ber
July
January
February
March
April
GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual rates :f
National income, total
_..
bil.ofdol
Compensation of employees, total
Wages and salaries, total
Private
_
_
Military
Government civilian
_
Supplements to wages and salaries..
do_
do
do
do
do
do _ _
Proprietors' income, totalcf 1
do
Business and profession ale?
-do
Farm
_ _ _ _ _ _ _ _
do. _
Rental income of persons
do
Corporate profits and inventory valuation adjustment, total
bil. of dol
Corporate profits before tax, total
__do _ _ _
Corporate profits tax liability
do
Corporate profits after tax
_ _ do_ _
Inventory valuation adjustment
do
Net interest
Gross national product, to tal^
do...
- --- --
-- do_
351.7
353 9
364 3
373 5
250.9
234.4
192.7
9 4
32.3
16.5
250 7
234.2
191 8
9 6
32 8
16 4
255
238
195
10
33
16
3
4
0
0
4
9
258
241
197
10
33
17
4
3
6
0
7
1
265 5
247.3
203 1
99
34 3
18.2
44.3
30.6
13.7
12.1
45.6
30.7
14.9
12.1
45
31
14
12
5
1
4
2
45
31
13
12
5
8
7
3
45.8
32.4
13.4
12.5
31.3
31.7
16.1
15.5
-.3
32 5
32.0
16.3
15.7
5
38 0
37 9
19.3
18 6
2
44
45
23
22
—1
0
2
0
2
2
13.0
13.1
13.2
13 3
13.6
427.1
430 4
439 8
453 0
467 0
295
38
143
113
9
9
3
6
300 5
40 1
145 2
115. 1
Personal consumption expenditures, total
Durable goods
Nondurable goods
_
Services.
_
do
do
do_
do. _
286.2
36.3
139.8
110.1
288.3
35.6
141 4
111.3
291
36
142
112
Gross private domestic investment, total
New construction
_ ._
Producers' durable equipment
Change in business inventories. .... _ _
do
do
do
do
50.9
36.3
22.9
-8.2
50.7
34.9
22.3
-6.5
54.5
36 3
22.3
—4 2
61 6
38 6
23 0
o
70.2
40 0
24.5
57
1.7
21.9
20.2
1.7
22.4
20 8
1.7
22 8
21 2
4
22 1
21 7
— 3
21 5
21 8
88.3
49.7
43.7
38.6
89.7
50.7
44.1
39.1
92.0
52.2
44 5
39.9
95.2
54 2
45 3
41 0
96.6
54.3
45 8
42 3
348.3
42.3
306.1
351.3
42 3
309.0
358 6
43 5
315. 1
359 5
43 7
315 8
365 7
44 8
320 9
19.9
20.7
23 6
19 9
20 4
Net exports of goods and services!
do
Exports
._ __ ._ _ _
do_
Imports.
__
_ _ _ _ _ _
_ _ d o __
Government purchases of goods and services, total f
bil.ofdol._
Federal (less Government sales) 1 _ .
do
National defense 9 -- . ...
_. _ d o _ _ _
State and localdo
Personal income, total
Less: Personal tax and nontax payments
Equals: Disposable personal income
do
do
do
Personal saving§
__do
PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates :f
Total personal income..
_ _ _ -bil.ofdol
Wage and salary disbursements, total
do
Commodity-producing industries, total _ _ d o
Manufacturing only
. _
do
Distributive industries
do
Service industries _
_do .
Government
do
Other labor income..- _
_
__do _ Proprietors' income:
Business and professional _ _
do
Farm
do
Rental income of persons
do
Dividends
do
Personal interest income- _. ._ .. - _do_ _ .
Transfer payments
do
Less personal contributions for social insur-_ _do
5
1
9
5
348 7
349 7
351 4
353 4
i 355. 6
i 360 l
357 2
358 7
358 2
360 7
359 9
363 0
365 4
r
232
95
74
62
33
41
8
232
95
74
62
33
41
8
233
95
74
62
33
41
8
235
96
75
63
33
42
8
i 242
97
75
63
33
i 48
9
238
97
76
63
33
43
9
239
98
77
63
33
43
9
239
97
76
63
33
43
9
242
100
79
63
34
43
9
243
101
79
64
34
43
9
3
0
9
2
3
9
3
94 K A
94fi Q
r
102
80
64
34
102
81
65
34
44
9
6
3
9
9
3
1
9
0
0
3
4
4
2
9
1
6
6
6
4
5
9
8
6
4
3
6
4
9
2
1
9
5
7
o
0
5
7
5
6
8
4
1
4
4
4
6
9
5
2
0
7
5
7
9
7
2
0
3
1
9
2
7
3
1
8
8
5
44 0
9 4
7
5
3
7
2
5
36Q 5
OCA 9
r JQ5 1
r CQ 4
CC Q
r
34 9
44 4
9 5
30.5
14 6
30.6
15 0
30.7
15 2
30.8
14 6
31.0
14 4
31.1
14 4
31.3
14 3
31.6
14 1
31.8
13 6
32.0
13 5
32.3
100
32.4
iQ 4
'32.8
12 1
12 4
19 3
24 8
6.6
12 1
12 4
19 3
26 1
6.6
12 1
12 4
19 3
°6 4
6.7
12 2
12 5
19 3
26 0
6.7
12 2
12 5
19 3
26 5
7.0
12 2
12 5
19 4
26 8
6.8
12 3
12 5
19 5
27 0
6.8
12 3
12 4
19 5
26 9
6.8
12 3
12 4
19 5
26 6
6.8
12 4
10 6
19 6
26 0
6.8
12 4
12 5
19 6
25 8
7.7
12 5
12 5
19 8
26 1
7.7
12 6
20 0
10
K.
19
^
33.0
9n 9
OC 1
7.8
7.9
r QKO 1
340 9
242 9.
249 4
24R 9
•3KK 1
331.0
332.4
335. 1 i 342. 0
339. 2
340 3
34 j^ R
r
1
Revised.
Italicized total excludes and other footnoted figures include lump-sum retroactive salary payments to Federal employees; disbursements of $380 million multiplied by 12 (to
put on annual rate basis) amounted to $4.6 billion.
fRevised series. Estimates of national income and product and personal income have been revised back to 1946; revisions beginning 1946
appear on pp. 12 ff. of the July 1958 SURVEY.
cf Includes inventory valuation adjustment.
JFor data in constant dollars and revised definitions for several components, (also data back
to 1950), see pp. 10 ff. of the December 1958 SURVEY.
9 Government sales are not deducted.
§Personal saving is excess of disposable income over personal consumption expenditures
shown as a component of gross national product above.
Total nonagricultural income
do
330.5
S-l
SURVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated, statistics through 1956 and
'descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
May 1959
1959
1958
March
April
May
June
July
October Novem- DecemAugust September
ber
ber
January
February
March
April
GENERAL BUSINESS INDICATORS—Continued
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals:
All industries
Manufacturing
Durable-goods industries
Nondurable-goods industries
mil of dol
__
Mining
Railroads
Transportation other than rail
Public utilities
Commercial and other
do
do
do
do
__do__ _
do
- do
do
Seasonally adjusted quarterly totals at annual rates:
All industries
bil. of dol
Manufacturing
Durable-goods industries
Nondurable-goods industries
Mining
Railroads
Transportation other than rail
Public utilities
Commercial and other
7,325
7,761
7,427
8,013
^7,007
2 8, 198
2,898
1,441
1,457
2,939
1,395
1,544
2,664
1,257
1,407
2,932
1,376
1,556
2,541
1,168
1,373
3,132
1,449
1,683
225
256
398
1,227
2,321
239
202
369
1,511
2,501
223
140
320
1,633
2,447
254
156
413
1,717
2,541
214
173
451
1, 236
2,392
234
240
470
1,547
2,575
32.41
30.32
29.61
29.97
131.16
2 32. 03
do
do
do
13.20
6.58
6.62
11 53 !
5.57 ;
5.96 ... _
10.86
5. 16
5.70
10 58
4 86
5.72
11.56
5.35
6 21
12. 25
5.74
6.51
do
do
do
- do
do
1.00
1.02
1.69
5.87
9.63
.88
.63
1.29
6.10
9.85
.97
58
1 62
6.26
9.96
.95
.69
1.90
6.08
9.98
.90
.92
1.84
6.10
10.02
.92
.77
1.40
5.97
9.73
FARM INCOME AND MARKETINGS*
Cash receipts from farming, including Government
payments total
mil. of dol
2,133
2,214
2,305
2,532
2,920
3,025
3, 553
4,052
3,544
3,087
2,909
2,276
2,216
2,108
630
1,478
406
762
276
2,198
624
1,574
392
885
259
2,286
645
1,641
421
905
270
2,423
908
1,515
399
833
254
2,743
1,212
1,531
383
870
258
2,862
1,356
1,506
371
848
272
3,286
1,583
1,703
354
1,052
282
3,935
2,083
1,852
360
1,173
304
3,478
1,832
1,646
364
958
310
3,034
1,516
1,518
363
881
260
2,862
1,344 i
1,518
366
888
238
2,242
878
1,364
347
768
223
2,190
684
1,506
388
850
248
87
59
108
90
58
115
94
60
120
99
85
111
113
113
112
118
126
111
135
148
125
162
194
136
143
171
121
125
141
111
118
125
111
92
82
100
90
64
110
89
55
114
91
49
123
96
53
128
111
97
121
125
131
121
131
144
121
145
161
133
178
218
148
156
191
129
139
155
126
127
135
120
104
94
112
100
70
123
129
127
127
131
125
136
140
143
144
140
142
147
149
P150
do. __
do
do_ __
do
do_
131
138
95
91
149
129
133
89
82
146
129
133
93
91
141
133
138
106
105
133
127
132
90
92
126
138
140
102
105
128
141
146
111
114
138
145
149
123
129
150
146
155
124
128
157
141
152
119
127
162
144
154
127
136
163
'ISO
159
••144
156
••169
' 152
P153
p 166
P158
P 172
Metal fabricating (in cl. ordnance).Fabricated metal products
Machinery
Nonelectrical machinery
Electrical machinery
do __
do
do
do
do
154
122
146
131
174
148
118
139
126
165
146
119
135
124
159
149
125
138
125
162
144
123
133
120
158
150
133
142
119
186
156
141
151
128
195
158
136
150
127
194
167
136
153
131
197
168
136
152
133
190
168
' 134
156
134
199
172
"135
162
142
'202
'175
' 139
164
147
' 198
P176
P 142
p 165
p 148
p 198
Transportation equipment 9
Autos
Trucks
_
Aircraft and parts
Instruments and related products
Furniture and fixtures... _
Lumber and products
Stone clay and glass products
Miscellaneous manufactures _
do__ _
do
do __
do
do
do. .
do
do
do
189
106
95
566
161
111
106
131
127
181
89
90
561
160
108
107
135
125
181
99
96
553
157
108
110
141
125
183
100
91
568
159
113
120
148
130
175
87
76
561
157
113
106
148
126
173
53
78
573
160
124
130
155
135
170
37
67
583
168
130
127
160
143
184
71
89
582
171
132
131
155
147
211
160
112
591
174
132
126
153
144
214
161
100
595
176
132
109
145
137
211
154
110
587
176
132
'116
' 141
133
212
149
'133
'587
' 179
134
'124
145
137
'216
163
' 138
'584
P219
p 164
P 145
P 589
p 184
p 134
125
105
104
123
98
110
101
124
110
106
115
100
122
112
128
119
114
121
103
138
125
123
119
116
115
104
128
107
135
126
127
120
102
122
104
137
131
134
130
102
119
108
142
129
130
138
103
124
124
138
120
121
134
101
113
111
130
110
112
133
101
104
94
135
107
110
139
98
95
91
140
109
110
140
99
105
100
'141
109
108
133
98
do
125
104
102
120
98
110
106
do
do
do
do
do
do
do
do
112
94
103
64
109
107
155
152
112
94
96
67
108
95
156
152
118
93
98
71
105
92
153
147
125
94
100
82
106
99
159
153
109
86
86
67
99
92
145
137
130
103
107
76
117
108
168
159
125
103
111
75
113
105
169
159
130
109
112
75
121
109
181
171
128
107
118
71
117
108
170
164
103
100
106
62
105
102
153
148
121
107
119
130
'113
' 122
113
122
120
110
166
162
128
120
177
171
176
170
Farm marketings and CCC loans, total
do
Crops
do. _
Livestock and products total 9
do
Dairy products
_ do_ _ _
Meat animals
do
Poultry and eggs
do
Indexes of cash receipts from marketings and CCC
loans, unadjusted:
All commodities
1947-49=100-.
Crops
__do_
Livestock and products
__
do__ _
Indexes of volume of farm marketings, unadjusted:
All commodities
1947-49=100
Crops
- do_
Livestock and products
_ _
do
INDUSTRIAL PRODUCTIONS
Federal Reserve Index of Physical Volume
Unadjusted, combined index
1947-49=100..
Manufactures
Durable manufactures
Primary metals 9
Steel
Primary nonferrous metals
Nondurable manufactures
Food and beverage manufactures
Food manufactures 9
Meat products
Bakery products
Alcoholic beverages
Tobacco manufactures
Textile-mill products 9
Cotton and synthetic fabrics
Wool textiles
Apparel and allied products
Leather and products
Paper and allied products
Pulp and paper
_ do
do
do
do
do
r 164
154
170
167
r 182
' 135
125
'157
r
139
P 163
P140
p 140
129
142
132
139
' 142
139
136
147
137
140
140
' 148
146
140
P149
Printing and publishing
do
174
187
195
182
177
179
••202
204
177
198
195
180
195
Chemicals and allied products
do _
202
211
183
184
214
190
184
186
188
218
226
217
Industrial chemicals
do
r
138
133
125
137
140
124
127
146
145
p 146
140
144
131
P142
Petroleum and coal products
do
148
141
146
136
147
149
134
137
160
157
p 156
151
159
Petroleum refining
do __
112
137
103
143
122
150
145
127
115
118
159
137
'158
Rubber products
do
l
2 Estimate 5 for April--June 195<) based on anticipat ed capita1
'Revised.
p Preliminary.
Estimates for Ja nuary-Mf irch 1959 13ased on anticipated capital e?cpenditur 3S of busirtess.
QBCpeTiditares of business. Anticipated expenditures for the year 1959, and comparat ve data fo r 1956-58, appear ori p . 17 o f t tie March 1959 SUR VEY.
9 Includes data not shown separately.
IRevisions (annual data, 1946-57; monthly data, 1956-57) apr>ear on pi). 18 and ] 9 of the >'ovember 1958 Sum 'EY; mon thly data prior to It)56 are not available
^Revisions for 1956 for the seasonally adjusted ind 3xes of indLustrial pr oduction and consu mer dura bles outptit appear on p. 18 o f the July 1958 SumfBY.
SUEVEY OF CURKENT BUSINESS
May 10r,0
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
S-3
1958
March
April 1
1
May
June
July
1959
August SeptemOctober Novem- December
ber
ber
January
February
March
April
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION^— Continued
Unadjusted index— Continued
Minerals
Coal
Crude oil and natural gas
Metal mining
Stone and earth minerals
Ill
67
134
79
128
109
60
132
81
136
109
61
130
86
144
115
72
133
100
150
110
46
137
91
151
120
70
142
96
153
123
73
145
107
158
124
75
144
107
156
123
75
147
93
151
124
76
150
81
139
- 124
73
152
86
131
123
- 74
150
do
128
126
128
132
134
136
137
138
141
142
143
do
do
-do
129
135
91
128
131
86
130
134
91
134
139
103
136
141
102
138
144
109
139
145
113
140
146
122
143
151
123
144
152
123
145
153
125
- - do
do
do
do
do
150
122
141
126
170
146
118
137
122
166
148
120
137
122
167
151
125
141
125
171
154
129
144
125
181
156
132
147
126
188
155
135
148
129
186
156
133
147
130
180
163
136
150
133
183
165
136
152
132
190
183
93
316
160
111
109
133
128
178
86
316
159
110
107
135
129
182
93
314
158
113
109
139
129
185
95
320
160
116
113
145
132
185
96
318
162
119
114
152
135
186
96
321
162
123
120
150
134
178
82
322
166
126
118
157
137
183
91
321
169
127
120
149
138
203
119
327
173
129
125
151
137
124
113
112
114
112
92
99
125
113
115
108
117
92
106
126
114
114
114
115
92
106
129
116
116
116
116
95
110
132
116
116
114
121
101
115
133
116
116
115
121
103
114
133
115
116
114
121
103
116
134
115
115
115
120
104
118
98
149
138
176
184
127
116
94
152
137
178
182
127
112
97
153
137
178
182
129
113
100
157
138
181
187
131
125
104
163
138
184
193
136
125
103
166
140
186
196
139
132
104
167
140
187
204
135
136
112
70
130
100
138
109
63
129
88
139
108
62
130
73
142
112
66
134
80
145
116
65
141
80
146
120
68
146
83
144
111
101
103
109
100
114
106
122
108
131
139
105
100
89
110
104
112
125
103
103
99
108
101
115
112
102
109
100
119
105
132
122
108
97
87
108
105
109
114
107
104
97
105
111
103
92
114
106
115
133
108
94
81
107
104
102
131
106
104
96
113
106
112
138
105
51.3
24.9
11.7
13.3
10.3
3.6
6.8
16.1
5.0
11.1
52.1
24.9
11.5
13.4
10.7
3.7
7.0
16.5
5.2
11.3
52.4
25.2
11.6
13.6
10.7
3.7
7.0
16.6
5.2
11.3
1947-49=100
-do
do
- do do
Seasonally adjusted, combined index
Manufactures
Durable manufactures
Primary metals
-
Metal fabricating (incl. ordnance)
Fabricated metal products
Machinery
Nonelectrical machinery
Electrical machinery
- -
Transportation equipment
. . -do
Autos, trucks, and parts
do
Other transportation equipment
_ _ do
Instruments and related products. _. do _
Furniture and
fixtures
do
Lumber and products
- do
Stone clay and glass products
do
Miscellaneous manufactures
..
do
Nondurable manufactures
Food and beverage manufactures
Food manufactures
_ .
Beverages
_
Tobacco manufactures
Textile-mill products
Apparel and allied products -
do
- _do_ ~
- --do
-do
-.do
do
do
Leather and products
_- ._
Paper and
allied products..
-Printin01 and publishing
Chemicals and allied products. .. ... .
Industrial chemicals
Petroleum and coal products
Rubber products
_
Minerals
Coal
C-rude oil and natural gas
Metal mining. _
_
Stone and earth minerals
.
-do _
-do
do
-do _ _
do
do
-do
- do
do
- .-do
.-do
_ - .-do
p 123
P68
p 147
130
121
68
p 148
90
139
145
147
p 149
148
'157
138
150
160
146
152
164
152
166
136
154
132
199
168
- 135
158
138
- 198
170
- 139
159
141
- 194
174
142
163
144
200
204
123
322
175
127
125
148
134
204
124
322
176
133
-127
147
137
204
123
322
- 179
- 132
- 126
- 149
137
207
- 128
-322
- 180
- 135
129
- 158
- 141
213
132
330
182
137
135
116
116
119
126
104
117
135
117
116
121
126
104
116
137
118
117
121
121
106
117
139
120
120
121
130
108
117
-139
119
118
108
171
142
189
209
137
133
113
168
142
192
212
139
141
108
166
139
194
214
142
140
109
- 167
144
196
216
143
142
109
172
145
" 199
222
144
- 150
123
70
149
90
149
122
69
148
92
148
123
72
147
101
148
124
73
148
108
142
124
69
- 149
113
145
- 124
- 74
146
- 114
143
r p M4
100
103
116
143
137
136
140
- 144
p 142
94
53
130
118
114
214
115
96
37
150
126
150
222
119
113
71
151
131
147
221
123
155
160
153
130
156
212
117
147
161
138
130
137
163
113
145
154
T
140
130
- 131
193
115
- 150
149
- 154
135
- 158
199
117
- 156
163
153
136
p 154
P 164
114
115
103
108
133
134
' 133
133
- 135
p 136
111
99
123
109
125
155
111
116
99
133
116
129
191
111
116
95
137
117
132
207
112
99
56
138
120
137
197
113
105
67
141
124
148
166
114
142
139
148
127
159
174
113
143
143
144
127
156
162
114
T 140
139
r
143
132
" 140
187
118
139
130
- 148
133
- 150
190
119
- 141
142
142
134
v 144
p 147
53.2
25.7
12.1
13.7
10.9
3.8
7.0
16.6
5.1
11.4
54.0
26.3
12.3
14.0
11.0
3.8
7.2
16.7
5.2
11.5
54.4
26.4
12.4
14.0
11.1
4.0
7.2
16.9
5.2
11.6
54.8
26.8
12.7
14.1
11.4
4.1
7.3
16.6
5.1
11.5
55.6
27.2
12.9
14.2
11.5
4.1
7.4
16.9
5.4
11.6
56.1
27.5
13.3
14.2
11.6
4.3
7.4
17.0
5.5
11.4
57.4
28.1
13.6
14.5
11.7
4.3
7.4
17.6
5.8
11.8
57.4
28.1
13.5
14.6
11.8
4.3
7.5
17.5
5.8
11.6
' 58. 0
28. 5
- 13.9
r
P 163
p 144
P 140
110
117
169
- 145
200
P 146
- P 147
156
P 146
- 122
- 71
P123
p 71
p 145
114
149
CONSUMER DURABLES OUTPUT^
Unadjusted total output
Major consumer durables _
_.
Autos
Major household goods
Furniture and floor coverings.. _
Appliances and heaters
Radio and television sets
Other consumer durables
Seasonally adjusted, total output
Major consumer durables _ _.
Autos
Major household goods _ ...
Furniture and floor coverings
Appliances and heaters
Radio and television sets
Other consumer durables
_ 1947-49=100
_do_
do
do
. do_ _
do
do
_ do
___do _
.-do _.
do
_do._
.-do _
do
.-do ..
do
r
173
117
166
- 121
p 114
p 117
BUSINESS SALES AND INVENTORIES^
Manufacturing and trade sales (seas, adj.), total
bil. ofdoL.
Manufacturing, total.
.
. . .
do
Durable-goods industries. _
_ _do._.
Nondurable-goods industries
do
Wholesale trade, total
do
Durable-goods establishments
do _
Nondurable-goods establishments
.do
Retail trade, total
do._.
Durable-goods stores
__
..do _
Nondurable-goods stores.
do _
r 14.6
r
11.9
4.4
7.5
17.6
5.9
11.7
59.1
29.1
14.3
14.7
12.1
4.6
7.6
17.9
6.0
11.8
Manufacturing and trade inventories, book value, end
of month (seas, adj.), total
bil. of dol_.
88.5
86.4
87.6
86.9
85.0
85.9
85.4
84.9
85.2
85.0
85.6
85. 9
86.3
Manufacturing, total ._
__do_ _
52.0
51.5
50.9
50.2
49.8
49.3
49.3
49.4
49.2
49.3
49.5
- 49.9
50.3
Durable-goods industries
do
29.9
29.4
28.5
29.0
28.0
28.3
28.1
27.9
27.9
28.1
27.9
-28.4
28.8
Nondurable-goods industries
._ _ __do _
22.1
22.1
21.9
21.7
21.5
21.2
21.4
21.4
21.3
21.4
21.4
-21.5
21.5
Wholesale trade, total
do
12.4
12.2
12.1
12.1
12.1
12.1
12.1
12.1
12.1
12.0
11.9
11.9
11.9
Durable-goods establishments
_ do
6.4
6. 3
6.2
6.2
6.2
6.2
6.2
6.2
6.3
6.3
6.3
-6.3
6.3
Nondurable-goods establishments
do
6.0
5.9
5.9
5.9
5.9
5.9
5.9
5.9
5.8
5.7
5.6
5.6
5.6
Retail trade, total
do
24.1
24.1
23.9
23.9
24.0
23.9
23.7
23.5
23.6
24.0
24.2
-24.1
24.1
Durable-goods stores.. _
do
10.8
11.0
10.8
10.8
10.7
10.5
10.7
10.3
10.5
10.8
11.0
11.0
11.1
Nondurable-goods stores
do
\3. 1
13.2
13.1
13.3
13.3
13.2
13.2
13.2
13.1
13.2
13.2
13.2
13.0
r
Revised.
v Preliminary.
c'See corresponding note on p. S-2. § The ter m "busin<3ss" here i ncludes o nly manu acturing and trade Busine 3s invento •ies as sho wn on p. 8-1 cover
data for all types of producers, both farm and nonfarm. Unadjusted dat a for man ufacturin^ » are shov 'n on p. '3-4; those for retail and whol esale trad e on pp. S -9, S-10, a nd S-ll.
JData
beginning January 1948 for wholesale trade (not published in the 1957 edi tion of BiTSINESS SiTATISTICS) are avail able as fo" lows: For 1948-50, jpon requ est; for 19 51-56, on p. 32 of th e August
1957 SURVEY.
SURVEY OF CURRENT BUSINESS
S-4
May 1050
19 58
Unless otherwise stated, statistics through 1956 and
March
BUSINESS STATISTICS
April
May
June
July
1959
DecemAugust SeptemOctober November
ber
ber
January
F
aryU~
March
27 502
30 529
13, 501
2,320
1 390
4 125
1,668
3, 215
2r 019
853
T
582
r
14 001
r 4 155
r
364
15,243
2 777
1 563
4 596
1 825
3, 536
2 399
948
738
15 286
4 477
40°
1 257
1 015
2 151
3 102
April
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Sales value (unadjusted) total
mil of dol
Durable-goods industries, total 9
Primary metal
Fabricated metal
Machinery (including electrical)
Electrical _
Transportation equipment
Motor vehicles and parts
Lumber and furniture
Stone clay and glass
Nondurable-goods industries, total 9
Tobacco
Textile
__
Paper
Chemical
__
Petroleum and coal
Rubber
_
_ _ _ _ _
do
do
do
do
do
do
_ do
do
do
- do
_.
Sales, value (seas, adj.), total
Lumber and furniture. _
Stone clay and glass
Nondurable-goods industries, total 9 _ _
Food and beverage.
Tobacco
Textile
Pciper
Chemical
Petroleum and coal
Rubber
-do
do
do_ _
do
do
do_ __
do ___
do
__do
do
do
-do
_ _ do
do
do
do
Inventories, end of month:
Book value (unadjusted) total
do
Durable-eoods industries, total 9
do_ _
Primary metal
do
Fabricated metal
do _
Machinery (including electrical)
do
Electrical
_ _ -do _
Transportation equipment
do
Motor vehicles and parts
do
Lumber and furniture
_ _ . do _
Stone, clay, and glass
do
By stages of fabrication:!:
Purchased materials
bil. of dol
Goods in process. ._
_ _ _ do _
Finished goods
do
Nondurable-goods industries, total 9 --mil. of dol—
Food and beverage
do
Tobacco
do
Paper
Chemical- —
_ _ _
Petroleum and coal.
Rubber
By stages of fabrication:!
Purchased materials
Finished goods.
-
Book value (seas, adj.), total
__
do
- __do
do
do
-
bil of dol
-
do _
mil. of dol
Durable-goods industries, total 9
do _
Primary metal_
_
do
Fabricated metal
do
Machinery (including electrical). _ _ do
Electrical
do
Transportation equipment _
do
Motor vehicles and parts
do
Lumber and furniture
_
do _
Stone, clay, and glass
do
By stages of fabrication :J
Purchased materials
_.
bil. of dol
Goods i n process
_
_ _ _ _ _ _ __do _
Finished goods
do
Nondurable-goods industries, total 9 —.mil. of dol_.
Food and beverage _ _ _
_ __do_
Tobacco
do
Textile
do
Paper
_
_ _
do_
Chemical
do
Petroleum and coal ..
_ do
Rubber
_ _ _
__ _do
By stages of fabrication:}
Purchased materials
bil. ofdoL.
Goods in process
_ _
do
Finished goods
do
r
Revised.
9 Includes data not shown separately.
25, 426
26 122
24, 845
26, 143
27, 323
28, 820
26, 729
27 954
27, 329
r
12, 161
1,770
1 334
3,982
1, 620
2, 768
1, 601
11, 960
1,757
1, 350
3,772
1, 526
2,675
1,568
12, 584
2, 052
1,452
3,967
1,624
2,637
1,514
467
11,880
1,900
1 592
3,615
1, 574
2,103
1,103
894
710
14, 263
4,452
387
1,098
960
1, 983
2,787
442
445
13, 584
2,300
1 684
4, 112
1,865
2,588
1, 458
982
757
15, 236
4 730
408
1,219
1,013
2, 164
2,874
527
12,911
1,999
1 415
3,736
1,728
3,208
2,104
843
640
13, 818
4 347
370
1,123
917
1,881
2, 763
425
13.717
2, 117
1 415
4 085
1,843
3,646
2. 415
831
583
14, 237
4 353
422
1,071
898
1,833
3,237
502
13, 066
2,195
1,417
3,797
1,580
3,275
2,197
829
561
14, 263
4,251
377
1,083
942
1,947
3,195
503
r
432
11,317
1, 632
1,433
3,455
1,418
2, 436
1,419
757
662
13, 528
4 414
410
936
871
1,865
2,750
473
12, 687
2,069
1 696
3, 993
1,758
2, 093
1,009
412
11,921
1,740
1 316
3, 867
1,512
2, 632
1,504
788
617
13, 327
4,227
362
965
883
1,944
2,516
438
24, 931
24, 945
25, 206
25, 747
26, 284
26, 388
26 804
27, 158
27, 467
28, 135
28, 143
r
11, 670
1, 635
1,332
3, 685
1,542
2,708
1, 525
11, 532
1,657
1,302
3,748
1, 567
2,466
1, 361
11, 643
1, 656
1, 331
3,736
1,572
2, 536
1,467
12, 086
1,854
1, 397
3,780
1,572
2, 610
1,572
12, 256
1,917
1,454
3,808
1, 577
2,550
1 519
12, 385
1,984
1,482
3,817
1,624
2,582
1,453
836
676
832
657
12.723
2, 065
1 , 593
3 999
1 712
2.438
1 318
850
701
14 081
4 312
386
1 027
949
2 071
o g60
A(\A
12, 943
2 182
1,569
3 993
1, 726
2 592
1 494
898
653
14,215
4, 377
385
1,042
947
2 077
2,903
493
13, 295
2, 113
1,553
3,951
1,728
3,040
1 856
891
667
14, 172
4,436
378
1, 102
936
2, 023
2,819
472
13, 613
2,256
1, 586
3, 975
1,710
3,184
2 046
884
655
14, 522
4,481
414
1,079
955
2,004
2,970
518
13, 541 r 13 870
2,230
2 421
1,537
l' 526
4,017
4 131
1,708
1 724
3, 167
3 168
2, 003
l' 960
r 894
879
668
r g77
14, 602 r 14 Qll
4,522 r 4 479
428
r 428
1, 102 r 1 149
942
r 977
1, 932 r 1 93Q
3, 043 r 3 037
508
490
13, 619
4.312
do___
Durable-goods industries, total 9
Primary metal
Fabricated metal
_
Machinery (including electrical)
Electrical
_
_
Transportation equipment
25 248
786
568
do
_do_ __
do
do
do
.do
-
25 780
356
1,015
912
1,882
2, 649
759
586
791
605
13, 261
4,333
13, 413
4,348
387
999
885
1,745
2, 597
396
373
1, 016
874
788
652
803
677
13, 466
4,434
13, 538
4,441
381
930
904
1,006
1,981
2,630
401
921
1,949
2, 628
807
621
822
645
13, 563
4,416
13, 661
4,357
14, 028
4,371
14, 003
4,373
1,025
1,061
1,077
363
994
895
382
390
372
428
1, 899
2,682
445
1 979
2,806
478
941
2,003
2,787
438
1,832
2,594
429
1,875
2, 657
903
937
933
757
14 636
4 571
398
1 131
958
2 137
2 774
' 1 156
r 938
r
1 853
r 2 946
456
28 481
29 074
14 343
2 565
1 547
4 228
1 736
3 260
9 i KQ
898
745
14 731
4 460
414
1 214
985
1 QQ7
3 041
52, 318
51, 595
50, 862
50. 278
49 357
48, 887
48 910
49 015
49 160
49 468
49 776
r 50 190
50 59^
30, 163
4,246
2,947
10, 054
3,701
7,226
3.028
1,824
1,295
29, 683
4,185
2,983
9,885
3, 684
6,956
2,821
1,814
1,282
29, 182
4,126
2,938
9.771
3, 648
6,716
2,622
1,809
1,261
28, 698
3,999
2,987
9, 542
3,580
6, 579
2, 504
1,807
1,246
28, 116
4 050
2 898
9 290
3 494
6,384
2 375
1 786
1 228
27, 658
4,100
27, 745
4 099
2 785
8 918
3 356
6,718
2 769
1 691
1 164
27, 687
4 132
2. 840
8 862
3.306
6. 665
2 722
1. 664
1 148
27, 684
4 217
2,809
8 866
3,312
6, 593
2,666
1,683
1, 162
27, 873
4 297
2,810
8 852
3,295
6,639
2 635
1,728
1,188
28, 178
4,293
2,903
8, 967
3,307
6,695
2,625
1,713
1,219
r
29 063
4 26^
3 150
9 266
3 458
6, 895
2 782
1 746
1 255
7.9
7.7
7.6
7.6
7 6
11 1
9 4
21, 241
4 468
1 726
2 584
1 413
3,708
3 314
7.5
7 7
11 3
88
21,165
4 736
1 783
2 432
1 391
3 647
3 369
983
11.3
8.7
21, 328
4 917
1 838
2 385
1 395
3, 686
3 374
981
7 7
11.2
88
21, 476
4 958
1 861
2 371
1, 405
3,724
3,390
998
r 7 7
7.6
11.5
11.3
11 5
r9 4
9.1
9.0
21, 595 - 21,598 '• 21, 624
4 831
4 891
4 777
1 994 r i 997
1 978
2 462 r 2 490
2' 422
1,451 r i 474
1,443
3,787 r 3 805
3,791
3,199 r 3 175
3, 264
1,023
1,004
1 053
12.1
10. 1
22,155
4,574
1 960
2, 682
1,483
3,929
3, 405
1,112
11.9
10. 1
21,912
4,520
1,915
2, 675
1,483
3, 858
3,372
1,078
11.6
10.0
21,680
4,406
1 861
2 675
1,455
3, 783
3, 343
1,051
9.0
8.9
2.9
8.6
11.3
9.7
21,580
4,416
1, 785
2, 635
1 , 435
3,776
3.348
1,015
8.5
3.0
9,110
3,413
6,302
2,374
1,725
1,196
11.1
9.1
21,229
4,644
1, 746
2 499
1,404
3,674
3,340
960
963
8.4
2 9
9.9
8 ^
2 9
9 9
8 5
29
9.9
8 6
29
10.0
89
2 9
9.8
88
30
9.8
28 566
Tr 4 286
3 008
r 9 125
T
3 376
- 6, 738
r 2 704
r i 723
r I
249
8 8
3 0
r9 8
79
11 6
96
21, 532
4 670
l' 952
2' 513
l' 497
3 g05
3 171
8 7
31
9.7
3 0
10. 2
10.1
30
10.1
10.1
8 4
2 9
9.' 9
52, 009
51, 486
50, 896
50, 246
49 777
49, 425
49, 296
49 337
49. 297
49, 209
49, 503
49, 861
50 291
29. 864
4, 342
2,918
9,920
3,704
7,113
2,926
1,794
1, 233
29, 424
4,362
2, 925
9,744
3,640
6,863
2, 775
1,783
1,233
28, 981
4,277
2, 852
9,636
3 573
6,721
2,622
1,772
1,236
28. 528
4,169
2,844
9,446
3,472
6,595
2, 504
1,776
1,234
28, 311
4 122
2 814
9 323
3 456
6 584
2,513
1,773
1 228
28, 066
4,110
2,777
9,221
3,419
6, 536
2,553
1,742
1,220
28, 048
4, 043
2,842
9, 074
3. 386
6, 751
2, 792
1,732
1,212
27, 932
4 005
*> 928
9 026
3 345
6 594
2, 651
1,721
1 221
27, 877
4, 058
2 896
8, 954
3 366
6 576
2, 623
1,730
1, 223
27, 863
4 100
2 927
8 914
3 352
6 574
2,584
1,740
1 200
28, 117 * 28, 373
4 280
4,180
2,993
3 069
9,030
9 063
3,382
3 417
6 578
6 608
2, 558
2,589
1,702
1 , 702
1,207
1 201
28 795
4 363
3 119
9 144
3 461
6 793
2,690
1 718
1 195
8.1
8.0
7.6
11.8
11.4
9 5
21,718
4, 761
1 859
2,572
1,435
3 747
3, 34S
7 5
11 3
9 5
7.4
11.9
7.5
11.3
9.2
21, 248
4, 598
1,838
2,499
1,405
3,747
3,271
1,024
11.3
90
21. 405
4 694
1 857
2 490
1,423
3 760
3 276
1,022
7 6
11 3
90
21, 420
4 676
1 861
2 456
1,419
3 767
3 324
1,018
7 5
11 3
9 0
21, 346
4 646
1 904
2 469
1,443
3 748
3 264
994
11.4
90
21,386
4,669
1 881
2 487
1,451
3 764
3,264
1,013
78
11 4
81
11 4
9 3
21 496
4 757
1 877
2 469
1 468
3 754
3 269
8.6
2 9
9.7
8.7
2 9
9.8
86
30
9.9
85
30
9.8
86
30
9.8
22, 145
4,685
1,885
2,627
1, 454
3,877
3,510
1,069
22, 062
4, 765
1,896
2,606
1,468
3, 839
3,441
1,047
7. 8
11.6
9 6
21,915
4,759
1 880
2 584
1,455
3 796
3,377
1,020
8.8
2.9
8.8
2.9
8.8
2.9
8.8
2.9
2 9
10.4
10.4
10.2
10.0
9.8
9.8
9.7
986
21, 466
4 706
1 836
2 550
1,413
3 722
3 314
980
8.8
11.3
9 3
21,359
4,638
1 838
2 524
1,418
3 734
3 274
1,024
8.7
30
9.7
}Data beginning January 1953 appear on p. 20 of the September 1957 SURVEY.
r
r 9 9
r
21, 488
4 740
1 902
2 476
1 459
3 744
3 273
1, 032
86
30
"•9.9
8 6
30
9^9
____.
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1956 and I
descriptive notes are shown in the 1957 edition of j
BUSINESS STATISTICS
' March
S-5
1959
'8
April
Mav
DecemAugust SeptemOctober November
ber
ber
June
January
February
March
April
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES.
AND ORDERS Continued
NTew orders, net (unadjusted \ total..
.mil. of dol..
25, 118
24, 254
25, 032
26, 359
25, 239
26, 096
26, 855
28, 667
27, 368
28, 033
28, 215
r
28, 916
31,556
Durable-goods industries, total §O
do
Primary metal
-do
Fabricated metal
-do
Machinery (including electrical) §
do
Electrical
do _
Transportation equipment (including motor vehicles)
- -- _
.mil. of dol..
11,848
1,547
1.234
3, 761
1,689
10, 879
1, 457
1 . 255
3, 724
1,511
1 1, 486
1,738
1,362
3,681
1,670
12, 727
1, 872
1, 436
3, 958
3,762
11, 667
1,768
1,501
3, 601
1,622
11,807
2, 006
1, 599
3, 666
1, 475
12,301
2,136
1.673
4 020
1,762
13,395
2, 341
1 , 666
3 929
1,722
13,452
2, 265
1,393
3, 656
1, 676
13, 796
2, 294
1, 429
4 052
I, 885
13,897
2, 835
1,462
3, 8(58
1 . 518
' 14,759
' 3, 450
' 1, 601
' 4. 229
T
1, 628
10,172
3, 007
1 , 733
5 153
2. '.37
3, 005
2. 072
2.255
2, 808
2,366
1, 866
1,630
2,674
3, 587
3, 501
3. 057
2, 884
3, 371
Xondurabie-^oods industries, total
Industries with unfilled orders 9
Industries without unfilled ordersl-.
do
_do- . . .
do .
13, 600
3.008
10, 592
13. 375
3, 001
10, 374
13.546
2,920
10, 626
13,632
2,998
10,634
13.572
2,806
10, 766
14,289
3,139
11, 150
14, 554
3, 096
11,458
1 5, 272
3, 420
11,852
13, 916
3, 213
10, 703
14, 237
3. 026
11,211
14,318
3,112
11,206
'• 14,157
'3,313
' 10,844
IO.:KI
-do
24, 758
24, 498
24, 998
25, 785
26, 450
26, 096
27, 047
27, 903
27, 797
28, 365
28, 502
' 29, 702
30, 023
Durable-goods industries, total §O
do
Primary metal
- _do .
Fabricated metal
do
Machinery (including electrical )§
do
Electrical
do
Transportation equipment (including motor vehicles) - m il . of dol - .
11,488
1,371
1,175
3,511
1, 653
10. 833
1, 543
1,230
3, 596
1,470
11,423
1,671
1 , 322
3, 690
1, 674
12,245
1,952
1,496
3, 592
1,511
12. 512
2. 044
1,501
3,770
1, 650
12. 177
2, 063
1,523
3. 851
1, 578
12,859
2. 334
1 578
4, 242
1 , 849
13, 530
2,414
1,602
3, 975
1,703
13.574
2 262
1, 601
4. 019
1.872
13,673
2,210
1. 458
4, 047
1.890
13,900
2, 727
1 , 523
3, 937
1,564
r
15. 149
2. 057
1 . 650
4, 802
2, 097
3, 317
2, 093
2, 265
2, 678
2, 691
2, 245
1,946
2, 835
3, 007
2. 958
3, 038
Nondurable-goods industries, total ...
Industries with unfilled orders 9
Industries without unfilled orders^. -
-do
-do
do
13, 270
2, 920
10, 350
13, 665
3, 193
10, 472
13,575
2. 920
10, 655
13, 540
2. 828
10,712
13, 938
2. 954
10, 984
13, 919
2. 990
10, 929
14,188
3,127
11.061
14, 373
3, 196
11,177
14,223
3, 150
11, 073
14.692
3. 289
11,403
14,602
3, 143
11,459
_do
47, 504
46, 510
46, 116
46, 353
46, 747
4(5, 700
40, 232
46, 079
46,718
46. 797
17, 683
'• 49, 097
50. 124
45, 059
4,040
3. 099
10.327
9. 144
44,017
3, 757
3, 038
16,184
9, 143
13. 543
3,738
3 050
16,093
9 287
43. 686
3, 558
3 034
] 6. 084
9, 425
44. 036
3. 694
3 102
16, 230
9 629
43, 963
3. 800
3, 109
16.281
9. 530
43, 577
3, 867
3 0%
16.308
9. 534
43. 388
3, 908
3, 068
16, 125
9. 391
43, 929
4, 174
3. 046
16,045
9, 339
44. 008
4, 351
3 000
16,012
!». 381
44, 839
4, 991
3, 105
16,083
9, 319
'• 46, 097
r (^ 279
47. 026
6, 351
3, 486
16,744
9, 591
17.703
17,203
16,783
16,954
10. 884
10,647
16,184
16, 270
16, 649
16.504
16, 286
' 15,955
15.790
2, 445
2, 493
2, 573
2, 667
2, 71 1
2, 737
2, 655
2, 691
2, 789
2, 781)
2, 844
11, 670
11,329
11,943
11,991
12, 454
12, 234
12,932
13, 633
12,090
.16,458
_ ...number- .
1,495
1, 458
1,341
1,260
1,253
1,127
1 . 039
1.271
1,121
do
do
-- - do
do .._
do
121
202
281
750
141
116
209
257
737
139
108
207
242
659
125
99
161
235
640
125
99
181
255
613
105
106
158
206
549
108
87
163
187
506
96
99
176
215
657
124
97
176
190
550
108
71,555
83, 977
56, 246
61, 445
65 375
50, 765
48, 103
47, 268
do
do do
do _ „.
4,470
11,921
23,311
23, 531
8,322
13 497
9,612
29, 538
23, 657
7, 673
3 812
10, 771
17,912
18, 279
5, 472
7 719
7, 390
18, 959
21 692
5. 685
4 164
13* 966
22 673
18, 784
5, 788
3 126
8,687
1 5. 742
14,347
8, 863
2 046
7,841
18,167
14, 112
5, 937
5 306
6,771
12 141
16, 103
6, 947
Failure annual rate (seas. adj. )*_-No. per 10,000 ccncerns..
60.0
59.7
55.3
57. 3
58.2
54, 0
53. 4
57. 4
New orders, net (seas, adjusted), total §.
..
Unfilled orders, end of month (unadj.), total
Durable-goods industries, total©
_do. .
Primary metal
do
Fabricated metal
do
Machinery (including electrical)
do
Electrical
.do.
Transportation equipment (including motor vehicles)
.mil. of dol
Nondurable-goods industries, total 9 .-
-do
r
14,918
' 3, 236
' 1 , 685
r
4, 198
' 1,682
r
3, 038
I K 862
3. 297
' 14,784
14,874
' 3, 381 3, 419
Ml, 403
11.455
' 6, 121
r
3,316
•' 16, 187
T
3, 000
3, 098
18,705
15,758
'18. 119
1,082
1 , 273
1,161
1,263
88
176
185
515
118
90
188
215
642
132
104
164
207
582
104
185
210
025
126
56,718
57, 069
73 564
58 592
65 051
5 881
9,483
19,496
1 6, 549
5, 309
3 590
10, 058
18 411
14, 397
10, 61 3
6 559
8 274
17 062
33 197
8,472
4 547
6, 91 1
17 444
22 327
7. 363
5
11
22
20
55. 9
51. 3
51. 1
244
BUSINESS INCORPORATIONS^
New incorporations (48 States)
number
17, 554
INDUSTRIAL AND COMMERCIAL FAILURES^
Failures total
-
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade
-_-.
Liabilities (current) total
thous. of dol
Construction
__ Manufacturing and mining
Retail trade
. . .
Wholesale trade
-
117
304
589
558
348
~
50. 9
50. 4
243
244
244
9
222
993
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS t
Prices received, all farm products
Crops
Commercial vegetables
Cotton
Feed grains and hav
Food grains
_
-
1910-14= 100- .
250
257
250
249
250
248
251
249
247
244
do
do___
do __
do
do
2X2
239
312
230
159
225
232
255
246
101
222
223
208
246
164
199
928
•>9]
<J
182
292
157
190
205
281
149
201
17
234
273
143
9
01
9]'-}
192
260
163
192
<>o 1
176
281
160
[99
220
9
56
151
199
260
938
199
9Q«J
°05
225
230
209
475
202
234
250
474
204
233
200
475
270
234
168
174
274
228
163
473
265
230
136
483
320
217
124
482
267
•>12
111
501
241
217
214
126
505
211
218
129
500
225
921
123
r
)05
218
223
117
505
272
239
339
171
212
277
231
355
108
204
<n
228
347
165
212
273
238
346
105
210
262
339
169
207
272
273
329
160
203
209
270
327
1 r>4
270
9
64
328
100
201
259
399
9
03
249
327
9
337
104
210
273
9
70
332
159
202
l)
254
335
180
234
1 58
1 53
13 5
197
197
99()
273
287
203
-74
288
265
')7"(
274
287
265
274
987
265
274
974
287
9
05
974
9
88
263
974
9
87
270
287
9
955
°76
288
9
68
293
294
295
294
293
293
274
286
265
994
97 fj
88
260
994
9
94
99 rj
°98
97
298
' '99
X7
87
87
85
85
85
»;
85
8,1
8'^
89
89
89
«9
__
Fruit
__ _
Oil-bearing crops
Potatoes Oriel, dry edible beans)
Tobacco
_
Livestock and products. ..
Dairy products
Meat animals r
Poultry and e<- gs
Wool
. . _
do
do
...do
do
. __
..do.. _
do
do .._
do
do. _
Prices paid:
All commodities and services
do
Family living items
do
Production items
do
All commodities and services, interest, taxes, and
\v a ge r a t es
1910-14—1 00
Parity ratioffi
r
do.
339
220
149
9
271
248
9g7
9
('4
9 J()
121
485
993
1 52
18
9
04
39
154
9
05
988
9
07
9
l>
84
1 55
T 207
9
02
%)
04
101
'-'Ori
210
l
>95
135
505
20]
39
330
9
70
87
09
9
Revised.
^Corrections of March 1955 ne\v orders figures in 1957 BUSINESS STATISTICS appear in corresponding note in October 1957 SURVEY and later issues.
©includes data not
shown separately.
9 Includes textiles, leather, paper, and printing and publishing industries; unfilled orders for other nondurable-goods industries are zero.
UFor these industries
(food, beverages, tobacco, apparel, petroleum, chemicals, and rubber), sales are considered equal to new orders.
cTData are from Dun & Bradstreet, Inc.
*New series; based on number
of concerns listed in Dun & Bradstreet Reference Book. Data back to 1934 are available upon request.
% Revised beginning September 1952 to incorporate information from the 1955 Farm
Expenditure Survey. The changes include: (1) Revision of weights, (2) linkage of the new indexes to the former series as of September 1952, and (3) expansion and improvement of commodity
coverage. Unpublished revisions (prior to December 1957) will be shown later.
© Ratio of prices received to prices paid (including interest, taxes, and wage rates).
SUEVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
Mny 195!)
19 58
March
April
May
Juno
July
IS 59
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
COMMODITY PRICES—Continued
RETAIL PRICES
All commodities (U. S. Department of Commerce
index)
1 935-39 =1 00 ...
220. 0
220. 6
220. 6
Consumer price index (II. S. Department of Labor):
A 1] items
1 947-49=1 00. .
123.3
Apparel
Food? _ - - -Dairy products
Fruits and vegetables
Meats, poultry, and
_
Housing 9
Gas and electricity
Housefurnishinfirs
Rent
Medical care
Personal care
Heading and recreation
Transportation
Private
Public
- -Other goods and services
fish
-
220.7
220. 3
220. 7
220.0
220. 0
219. 6
O
2
!
123.5
123.6
123.7
123.9
123. 7
123. 7
123.7
123. 9
123 7
123 8
123.7
120.8
114.1
130. 7
114.4
100. 7
121.fi
1 12. 5
136. 6
115.9
106. 7
121.6
111.8
137.4
116.6
106. 7
121. 6
111.7
134.3
118.3
106. 7
121.7
112.4
131.9
119.2
106.6
120. 7
113 0
124. 9
117.7
107.1
120. 3
114.1
120.7
115.8
107 3
119 7
114 5
121 0
114.6
107 7
119.4
114 5
121 1
113. 5
107 5
118 7
114 3
120 1
113 0
106 7
119 0
114 1
121 7
113 8
106 7
118 2
114 0
121 2
112.6
107 0
117 7
113 8
120 7
111 3
do
do do
do
do
-do
127 5
115.9
103. 9
137.1
142.3
128.3
127 7
116.0
104. 0
137.3
142.7
128.5
127 8
1 16. 5
104. 0
137.5
143.7
128.5
127 8
116.9
104. 1
137. 7
143.9
128. 6
127 7
117.0
104 0
137. 8
144 6
128.9
127 9
117.5
103 3
138 1
145 0
128 9
127 9
118.0
103 6
138.2
146 1
128 7
127 Q
118 1
103 4
138 3
146 7
128 8
1°^ 0
118 1
103 5
138. 4
147 0
129 1
jog 2
118 2
103 6
138 7
147 3
199 0
128 2
118 2
103 2
138 8
147 6
12Q 4
128 •">
118 5
103 8
139 0
148 6
129 8
128 7
118 5
103 8 '
139 1
148 8
129 7
do
do
-do
do
do
117.0
138.7
128.0
185.9
127.2
117.0
138.3
127.6
186. •
127.2
116.6
138.7
128. 0
186. 1
127.2
1 16. 7
138. 9
128. 0
187.7
1<>7 2
116.6
140. 3
129.3
189. 5
127.2
116.7
141 0
130 1
189.5
127 1
116. 6
141 3
130.4
189.8
127 1
116 6
142 7
131 8
190 4
127 9
117 0
144 5
133 6
191.1
197 3
116 9
144 3
133 3
191
8
197 3
117 0
144 1
133 1
191
8
197 3
117 1
144 3
133 3
191.8
127 4
117
144
134
192
19-
119.7
119.3
119.5
119.2
119.2
119. 1
119.1
119 0
119.2
119 °
119 5
119.5
119 6 '
101.5
125. 0
121.4
100. 3
125. 1
120. 9
101. 7
124.9
121.0
100. 7
124.7
120.7
100.0
125. 0
120.8
99.1
125. 3
120. 6
98.4
125.4
120.9
98 0
125.4
120 6
98 4
125.7
120.6
97 0
126. 3
120 5
98 1
126.3
120.8
98 0
126. ft
120. 7
98 9 •
126.7 ;
1 20. 5
- ---
220. 5
ion. g
- -
-
221.0
do- _.
-do.
- do - do
do
-
-~
220. 6
-
WHOLESALE PRICES^
(17. -S. Department of Labor indexes')
All commodities
1947-49=100
By stage of processing:
Crude materials for further processing
-_do
Intermediate materials, supplies, etc
.do.
Finished goods©
...
do
123.7
3
9
0
0 i
3 j
98.5
95. 6
100. 5
95. 0
97.7
93 2
93. 1
91 1
91 5
92 1
Farm products 9
~_do.
90 6
90 Q
92 3
122. 0
102. 0
129. 2
142. 6
106. 3
Fruits and vegetables, fresh and dried
do
105.9
97.2
97.9
102 5
98 1
99 2
93 6
101 5
84.2
81.3
82.2
79.8
85.7
77 3
76. 1
77
0
drains
•
do .
76
1
75
3
76
1
76 8
99.8
98.8
95.8
94.5
91 0
Livestock and live poultry
do
96.7
91.5
88.4
90.3
90.1
87.6
91.1 : .
88.4
112.9
113.5
110.7
111.5
112.7
111 3
111.1
107 6
Foods processed 9
do
109 5
108 8
108 7
107 2
110 0
117.9
118.5
117. 8
118.4
117. 5
Cereal and bakery products
do
116.9
117.8
117. 7
117.5
118.0
117.4
119.0
118.2
110.6
113.4
111.4
110.9
112.2
Dairv products and ice cream
do —
111.4
113.7
113.4
113. 5
113.0
113.0
113.0
113.5
108.2
1 10. 3
106.8
107.6
111.3
Fruits and vegetables, canned and frozen
do111.4
110. 6
111.8
110.8
1 12. 9
1 13. 0
111. 1
112.1
112.8
114.1
112.1
105. 9
108.5
100. 9
108. 2
Meats, poultry, and
fish
.._..do
107. 1
102.5
101.4
103.3
99. 0
103 5
r
125.3
125.5
1 25. 6
125.3
125.7
126. 1
126. 2
127.
S
Commodities other than farm prod . and foods , do
126.8
127.2
127.5
128.1
126.4
110.8
110.7
110.4
110.7
111.0
Chemicals and allied products 9
. _ . _, do
110.0
109.9
109.9
110 2
110 2
109 8
110 0
110 9
123. 5
124.3
123.9
123. 1
123. 7
122.8
123.7
Chemicals, industrial „
- do 122.7
123.6
123 6 :
123 7
124.0
123 6
94.3
94.1
94.5
Q3 2
94.
0
94.4
94.4
94.4
' 93. 0
Drugs and Pharmaceuticals
do
93 0
93 2
92 8
93 9
61.5
61.9
64.2
62.2
62.5
58.9
62.5
61.7
59 9
Fats and oils, inedible- - - do
60 3
64 7
61 5
62 6
110.3
110.3
110.3
110. 3
108.0
107. 5
104.4
104.3
Fertilizer materials
. . . do
105.2
107.6
107.5 i
105. 3
106.3
128. 4
128.4
128.2
128.4
128. 2
128.4
128.2
128.2
128.2
Prepared paint
-do . . , _
128. 2
128.2
128.4 i
128 2
110.3
112.4
110.7
111.0
111.9
114.1
114.8
Fuel, power, and lighting materials 9 —
do
113.7
112.6
113.9
112.9
115.0 i
113.0
119.7
1 20. 3
1 19. 8
126.2
121. 1
126. 2
121. 9
122.7
125 3
124 6
123 8
Coal
do
123 7
123 8
100.1
100. 0
100. 0
100. 1
100.8
100.8
100.8
Electric power..
January 1958— 100. _ 100.1
100.7
100.8
100
7
100
9
100 9
98.3
98.1
97.4
101. 1
97.9
102.0
104.1
Gas fuels
do
106. 0
112.7 ' 112. 0
113. 1
107.8
106 3
114.7
115.3
119.
5
115.8
117.1
119.2
119.7
Petroleum and products. . _
1947-49= 100 - . 117.0
116.
9
117.2
119.9
: ;
118.2
117.5
123. 4
123. 0
123. 2
123.2
123. 5
123.0
123.0
123. 3 ' 123. 3
Furniture, other household durables 9do .._.
123.4
122.7
122.8
123.0
105. 3
104.9
104. 9
104.8
105. 3
Appliances, household
do
104.0
104.7
105. 0 * 104. 8
104.8 i
103.8
103.8
104 2
122.8
122.5
122. 8
122.8
122.6
122.6
122.8
Furniture, household
do
124.1 ' 124. 1
124. 1 i
123. 9
123.7
123 0
92.6
92.6
91.1
92.2
89.1
91.3
91.2
Radio receivers and phonographs
do
91.3
89.1
90.2
89.6
89.2 i
91 3
70.7
70.7
70.0
70.7
71.1
71.2
70.2
71.2
70.2
Television receivers
.. .. do
70.2 :
69.3
69.3
71 9
99.9
99.5
99.7
100.3
100.3
100. 5
100.2
105. 4
104. 1
Hides, skins, and leather products 9
do
103. 6
108.5 !
102.3
101 4
121.8
121.7
121.8
121.8
121.9
121.9
123. 3
121.8
Footwear
do
123.2
123 1
122 9
123 6 ;
55. 4
53. 3
57. 0
58. 1
51.2
60.4
59. 0
Hides and skins
do
73.0
65 1
68 7
66 6
87 7
91. 1
91.8
91.1
91.5
91.0
91 5
91.3
101.0
99 3
94 7
99 2
Leather
do
103 6 '
115.9
115.7
115. 5
116.4
116.8
120.4
1 18. 6
119 8
Lumber and wood products
__
do
120. 5 ' 122. 5
120 0
124 1
115.9
1 16. 8
115.9
116.7
116.7
121.0
119.0
121 0 ' 123. 1
120 2
120 1
125 4
Lumber
do
149.4
149.4
149. 5
149.2
149.5
149. 5
149.4
151. 8
152. 0
Machinery and motive products 9
do..- .
151.2
151. 5
152. 1 '•
149 9
138.5
138. 4
138.3
138.4
138. 3
138.9
137. 7
143. 0
Agricultural machinery and equip
do
142.9
142.7
143.3
141.5
139. 2
165. 5
165. 4
165. 5
165. 4
165. 6
165.6
166. 0
Construction machinery and equip
do
171.
4
170.3
170.
9
171.6
168.
0
166.8
151.8
152.3
152.6
152.6
151. 3
152. 8
152. 7
152.6
' 152. 5 152. 6
Electrical machinery and equipment
do
152. 4
152.4
152. 7
r
139. 0
139.0
139.0
139.0
139. 1
139. 0
139.0
143.
2
142.8
143.
1
143.
1
Motor vehicles
do
143 2
139 7
149.8
148.8
148.6
148.6
148.8
Metals and metal products 9
do
150.8
151 3
152 9
153 4
1">3 0
153 7 '
153 0
152 c>
121.2
120. 7
120.8
120.8
121.0
121.5
121.2
121.8
121,4
Heating equipment
-_ - -- - .-..do... _
121.8
122.0
121 9
121 4
166.4
166. 2
166. 7
167. 0
167.3
172 5
171.8
Iron and steel
- do..
171.3
172 0
171 7
172 0
171 9
171 4
124. 1
123. 9
124.8
127.0
124.9
126.1
127.3
Nonferrous metals
do
133.2
133.7
133. 2 ' 134. 1
136 3
130 8
135. 4
135. 4
135. 3
135.2
135. 3
135.2
136. 7
136. 7
137. 5
Nonmetallic minerals, structural 9
do. •-137.2
136. 7
136.9
137.7 j
155. 5
155.6
155.6
155. 5
155. 6
Clav products.,do ...
155. 6
158. 2
158 4
159 9 i
158 8
159 3 r 159 6
158 2
128.4
127.9
128. 2
128.3
127. 9
127 9
Concrete products
- do
12S 1
129 0
128 1
128 4
128 6
128 i
129 1
133. 1
133. 1
133. 1
133.1
133. 1
Gypsum products
-do . . .
133.1
133. 1
133 1
133 1
133 1
133 1
133 1 i
133 1
130. 5
130. 5
130. 5
130.5
131.0
Pulp, paper, and allied products
do . . .
131.0
131.7
131 9
131 7
131 3
131 5
132 0
131 9
141.8
142. 9
141.8
141.8
Paper
_
- do
143.0
141.8
141 8
142 1
142 1
142 1
142 1
142 1
142 0
143.8
144. 5
144.2
144.7
144. 6
144.4
145.2
146 6
Rubber and products
do ..
146 3
146 1
146 7
146 0
146 1
152.1
152.1
152. 1
152. 1
152 8
152. 1
152 8
Tires and tubes
do
152 8
152 8
151 9
151 9
151 9
152 8
94.0
93.7
93.5
93.3
93.3
Textile products and apparel 9
do
93. 3
93.3
93.1
93.3
93 3
93.7
93 8 i
93 2
99.1
99.1
99.3
99.2
99.3
Apparel
do
99.3
99.3
99.2
99.3
99.3
99.3
99.3 i
99.3
88. 5
88.3
Cotton products
_
_. .. do
87.6
87.4
89.0
87 7
87 9
89 6
88 0
88 6
88 7
90 2
87 8
1 16. 5
116.1
109.9
Silk products
. .... _
-do
116.1
116.2
115.8
116.3
106 0
105 1
104 7
109 3
112 1
107 1
80.5
80.4
Manmade fiber textile products
do
81.0
80.3
80.1
80.0
79.7
79.3
79.4
79.3
79.8
80.0 .
79.7
r 1)7 7
og 4
97 f(
Wool products _ _ _ _ _
. _
-do 102.8
101.6
100.5
101.3
100.5
100. 4
99 6
97 9
97 5
97 4
128.
0
128.0
Tobacco mfs. and bottled beverages 9
- do
128.0
128.0
128. 0
128.0
128.0
128.8
128. 6
128.7
128. 0
128.9
132 1
120. 1
Beverages, alcoholic
-do
120 1
120.1
121 7
120.1
120 1
120 1
120 1
121 7
121 7
121 7
121 7
121 7
134.8
134. 8
Cigarettes
do
134.8
134 8
134 8
134.8
134 8
134 8
134 8
134 8
134 8
134 8
134 8
97.8
Miscellaneous
do
94. 3
96.2
97.2
92. 5
91.2
93.7
93.2
95. 6
100.9
98.5
100. 8
97. 0 i .
119.1
119.1
119.1
Tovs, sporting goods
_
do.. .
119. 1
119. 1
118.6
119.3
118.6
118.6
117.8
117. 9
118.6
117. 1 <
r
l
Revised.
Discontinued by the compiling agency.
2 Index based on 1935-39=100 is 206.8.
9 Includes data not shown separately.
<? For actual wholesale prices of individual commodities, see respective commodities.
J Revised beginning January 1958 to incorporate
c-vised weighting structure reflecting 1954 values. Figures are directly comparable with data for December 1957, with the exception of the electricity and gas components.
© Goods to users, including raw foods and fuels.
r
SURVEY OF CURRENT BUSINESS
Muv 1H5!
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
S-7
19 59
1958
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
COMMODITY PRICES—Continued
PURCHASING POWER OF THE DOLLAR
A« measured byWholesale prices
Consumer prices
1047-49—100
do
83 5
81 1
83 8
81.0
83 7
80 9
83 9
80 8
83 9
80 7
84 0
80 8
84 0
80 8
84 0
80 8
80 7
83 9
80 8
83. 7
80 8
83 7
80.8
83 9
1
1
83.6
80.8
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITY*
New construction (unadjusted), total
Private, total 9
..
mil. of doL.
3,342
3,636
4,000
4,347
4, 548
4,707
4, 751
4. 745
4,448
4,024
3, 666
3,475
3,792
4, 197
. _ . do
2, 410
2. 551
2, 752
2, 959
3,082
3,153
3,172
3,184
3.119
2, 887
2, 610
2, 500
2,698
2,918
1, 177
1.289
296
1,421
1,015
355
1,559
1, 125
382
1, 645
1, 205
388
1,708
1, 275
382
1,732
1,315
366
1,764
1,340
370
1,741
1,330
354
1, 605
1,260
288
1,448
1,150
243
1, 369
1, 070
245
1, 580
1,215
261
1,714
1, 340
318
677
698
722
660
638
628
629
167
262
101
380
161
265
111
416
156
272
124
438
Residential (nonfann) 9
__. _ do
New dwelling units
do _
Additions and alterations
do
Nonresidential buildings, except farm and public
utility, total Q ..
mil ofdol..
Industrial
do
Commercial
.
_ _ _ _ _ _ _ __do
Farm construction
do
Public utility
.. _-do
890
239
689
945
754
235
262
113
419
218
263
126
446
204
285
146
470
185
326
169
494
179
316
173
512
174
315
161
520
750
760
193
315
160
486
175
319
134
519
178
327
114
487
do
932
1 , 085
1,248
1 388
1,466
1 554
1 579
1 561
1 329
1 137
1 056
975
1,094
1, 279
do
__do
do
do
350
77
235
270
374
80
335
296
386
88
455
319
411
95
545
337
421
105
585
355
428
120
635
371
430
135
645
369
427
140
630
364
379
125
485
340
361
110
350
316
356
105
285
310
322
98
265
290
366
105
295
328
383
118
430
348
\ew construction (seasonally adjusted"!, total _ .do
3, 966
3, 881
3,879
3,929
3, 981
4,041
4, 119
4,279
4,378
4,473
4,539
4. 537
4, 544
4, 495
2, 757
2 699
2. 696
2 725
2 760
2 799
2 847
2 944
3 015
3 049
3 095
3 120
3 106
3 095
1,397
1 351
1 , 348
I 386
1 434
1 496
1 540
1 623
1 682
1 715
1 787
1 817
1,811
1 803
742
240
288
133
471
733
222
294
133
468
733
210
302
133
466
729
195
311
134
459
724
187
308
133
453
702
179
294
133
453
695
172
291
135
460
706
172
296
134
464
717
175
302
134
464
716
173
305
134
467
688
170
288
130
475
684
167
287
129
476
682
164
293
130
468
687
159
305
130
461
1,209
1,182
1, 183
1 204
1 221
1 242
1 272
1 335
1 363
1 424
1 444
1,417
1,438
1 400
374
95
443
380
88
414
375
90
410
384
86
426
385
94
424
383
102
432
390
112
436
406
118
470
395
120
505
408
125
538
399
130
559
373
129
552
391
130
557
389
130
531
2 721
1 027
1,694
2 881
1 053
1 828
3 403
1 463
1, 939
3 890
1 720
2 100
3 607
1*550
2 058
3 467
1 233
2, 234
3 216
1 049
2 167
3 309
1 071
2 238
2 594
'927
1 667
2 282
2 319
2 307
800
3 340
800
1 395
1 519
1,507
2,471
66, 456
63, 836
76, 099
1, 124
68 128
976
75, 453
1 076
75, 653
1 079
62 943
69 698
57 331
55 865
775
748
818
704
69, 202
955
52 569
50,192
958
97, 732
1,071
113 755
1,240
124, 189
1,346
125 122
1 364
140 037
1,557
131 709
1 451
130 373
1 460
143 784
1 595
107 112
1 206
88 236
981
92 468
1 022
95 248
1,073
139 389
1 541
501
551
713
876
723
705
541
532
518
481
372
403
478
183
132
220
603
250
232
323
2°8
95
72
108
126
408
mil. of dol..
1,398
1,583
2,314
1,900
2 482
1 622
1 348
1 621
1 112
1 352
1 641
1,314
1 644
Highway concrete pavement contract awards:c?
Total
thous. of sq . yd- .
Airports.. _
_. _ _
_
do
Roads
do
Streets and alleys
._.._.._.
_ do
7, 553
13,328
2,239
7 439
3, 651
11,637
3,685
4, 261
3,691
11,863
2 475
6 450
2, 938
18, 366
6 631
7 999
3 737
11, 173
1 256
6 520
3 398
10, 354
7,905
8,589
10, 261
7, 255
6 609
3*233
5 189
2,572
5 697
2 288
6 775
2,692
8,964
2 076
4 775
2 114
6,756
5, 500
1, 584
4 531
1,229
4 333
1 941
81.4
99.1
108.5
113. 0
112.8
124.0
121.0
115. 0
109.4
91.2
^87.0
89.0
120.0
137. 0
77.3
51.8
4. 1
94 2
65.0
4 9
101.3
69.5
108 6
78 1
4 2
114 6
78 3
9 4
110 9
76 9
10 1
112 9
78.3
21
107 0
72 3
2 4
89 5
62 8
17
T
7.2
101 3
70.6
11 7
87 9
60 6
I I
117 0
80 1
30
133 ^
93 1
38
918.0
983 0
1, 039. 0
1,057 0
1, 174. 0
1,228 0
1 255 0
1 303 0
1 427 0
1 432 0
l 364 0 1 320 0
1 300 0
1 390 0
71.2
88.0
92.0
95.8
98.5
95.7
101.0
100.8
83.1
69.3
71.3
72.3
68.4
52.2
85.4
66.3
86.2
68.0
88.5
71.3
96.4
74.7
91.6
72.9
93 6
75 3
98 7
79.0
14.8
16.0
81 0
60 6
33
17.1
67 7
50 2
29
14.6
68 5
49 0
32
16.3
71 4
52 5
34
15.4
Public total
\onresidential buildings
Military facilities
Highway
Other types
Private total 9
do
Residential (nonfarm)
do
Nonresidential buildings, except farm and public
utility total 9
mil of dol
Industrial!
do __
Commercial^
do
Farm construction
__
_
__do
Public utility
do
Public total 9
do
Nonresidential buildings
do
Military facilities*!
do
H igh way
do
CONTRACT AWARDS
Construction contracts in 48 States (F. W. Dodge
Corp.):f
Total valuation
mil of dol
Public ownership _
do
Private ownership. __ . .
do_-_
Nonresidential buildings:
Floor area
_ ,
thous. of sq. ft.
Valuation
mil of dol
Residential buildings:
Floor area
thous ofsq. ft_
Valuation _
mil. o f d o l _ _
Public works:
Valuation
do
Utilities:
Valuation
do
Fngineering construction:
Contract awards (ENR)§... -
967
470
735
743
741
892
512
143
604
173
268
98
390
176
305
100
444
887
794
996
869
913
1 90r>
981
NEW DWELLING UNITS
(U.S. Department of Labor)
New permanent nonfarm dwelling units started:
Unadjusted:
Total, privately and publicly owned___thousands.Privately owned, total
do
In metropolitan areas
do_ -Publicly owned . . . .
_
do
Seasonally adjusted at annual rate:
Privately owned, total! - _
do
Residential construction authorized, all permit-issuing
places:
New dwelling units, total... _
thousands..
Privatelv financed, total
Units in 1 family structures
Units in 2 family structures.
Units in multifamily structures
Publicly financed, total
r
do
.do
do
do
do
3.1
13.2
2.7
3.7
3.4
15.3
14.8
2.6
5.8
3.0
14.2
7.3
3.3
18.5
2.1 !
3.4
15.3
4.1
3.4
7.4
3.7
2.1
2.1
1.6
84 1
r .59 7
r 2 9
r
2.8
.9
Revised.
» Preliminary.
muexes based
uaseu on 1935-39=100
iy«5o-,5y=iuu are as follows:
loiiows: ivieasureu
oy—-wnoiesaie prices,
puces, 43.7
$6.< (March);
uviarcn;; consumer prices, 48.4
45.4 uviarcn;.
Indexes
Measured by—wholesale
(March).
JRevisions for the indicated series are available as follows: Construction activity for 1956, the June 1958 Construction Review, and for January-September 1957, the December 1958 issue;
dwelling units started (1946-57), p. 19 of the November 1958 SURVEY.
9 Includes data not shown separately.
fData prior to December 1956 are available upon request.
f Revised
series, reflecting nationwide coverage and new techniques for compiling data on residential buildings.
§Data for May, July, and October 1958 and January and April 1959 are for 5 weeksoilier months, 4 weeks.
cfData for April, July, September, and December 1958 are for 5 weeks; other months, 4 weeks.
'
1
SURVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
19 59
March
April
Septem- October Novem- December
ber
ber
May
January
February
March 1
\pril
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES
137
Department of Commerce composite
1947-49 = 100- .
American Appraisal Co,, The:
074
Average, 30 cities
__ ___ 1913 = 100.
\tlanta
do
737
New York
.
_
__ _ _ d o _ . .
730
619
San Francisco
do
667
St. Louis
_ .
_ _do_493
Associated General Contractors (all types)
do
R. II. Boeckh and Associates: §
Average, 20 cities:
Apartments, hotels, and office buildings:
290. 7
Brick and concrete
U S avir 1926-29 = 100
282. 8
Brick and steel
_ _ _do
280. 7
Brick and wood
do
Commercial and factory buildings:
301.3
Brick and concrete
do
300 8
Brick and steel
do
281. 4
Brick and wood
do
276. 2
Frame
do
288. 0
Steel
do
Residences:
281 . 2
Brick
do
271 7
Frame
do
En ein eerin g N e ws-Record : o"
152,8
Building
1 947-49= 100_.
Ki4. 6
Construction
do
Bu. cf Public
Roads—
-Hie
h
way
construction:
140 4
Compo Q 'te standard mile
1946—100
CONSTRUCTION MATERIALS
Output index, composite, unadjusted
1947-49=100... r 109.8
112. 9
Seasonally adjusted
do
Iron and steel products, unadi . .._ _ _ _ .do - _
116.3
110.5
Lumber and wood products, unadj
do
106. 2
Portland cement unadi ^
do
REAL ESTATE
Home mortgages insured or guaranteed by —
319, 198
Fed IT ous \dm • Face amount
thous. ofdol
123, 176
Vet A dm ' Face amount
do
Federal Home Loan Banks, outstanding advances to
member institutions
_ mil. ofdol _
696
New mortgage loans of all savings and loan associa819
tions, estimated total
. mil. ofdol
By purnosc of loan:
281
Home construction
.
.
do _ _ . .
318
Home purchase
do
220
All ot.'ier purDOses
do
New nonfarm mortgages recorded ($20,000 and under'),
estimated total
_in il. of doL . 1, 866
3, 477
X on farm foreclosures
number-.
102, 722
Fire losses
thous ofdol
138
138
139
139
139
,39
139
139
' 139
139
140
140
675
737
730
619
666
494
677
737
730
619
670
498
680
737
730
635
670
498
681
737
736
(',35
670
502
683
738
737
637
671
503
690
691
691
692
756
741
640
671
756
741
641
671
504
504
504
741
641
671
504
693
756
753
641
672
505
693 :
765 >
753
641
672
506
694
768
753
641
672
507
696
768
753
644
672
509
291.4
283. 0
281. 1
292.2
283. 5
281. 6
294. 7
285. 8
283. 4
296. 1
286. 9
284 3
296 7
287. 7
285 5
296 9
288. 0
9
85 6
298 3
289 6
286 7
298 8
290 1
287 0
9
99 6
290 7
9
87 4
301 1
291 9
9
88 5
301 9 •
292 1 i
2^9 3 •
301 4
292 9
289 5
3')9 8
293 5
9
90 9
302. 3
301. 7
281.8
276.8
288.5
303.
302
282.
277
289!
4
5
2
2
0
305. 9
304 5
284.2
279. 5
290. 7
307.
305
285.
280.
291.
6
8
1
3
5
30S. 3
306 6
286 0
281.8
292. 1
308. 5
307 2
9
8(5 °
281.8
'293. 2
309. 7
308 1
287 1
282. 7
293 8
310. 1
'508 7
287 4
294 4
311.2
309 5
9
87 8
283. 2
295 0
312.8
310 7
9
88 9
284. 5
°95 9
312.9
310 9
9«.q' 5 i
285.7 !
9
96 0 i
313.0
311 0
9gq' 7
286.0 :
296 1
314.7
313 0
999 $
287.7
°98 6
281. 6
272. 1
282. 2
272 4
284. 1
274 4
285. 0
286. 3
970 4
9
286. 3
76 5
287.3
287. 5
977 7
288. 0
9
78 0
9
289. 2
79 1
290.0
9#() ° i
9
9
158 6
171 8
158 9
171 0
159 8 '
172 5
153.4
165. 9
1 54. 1
167.2
155.1
168.3
975 9
155. 5
168.7
1 58. 2
170 7
141 6
r
756
741
639
671
r
119.4
r
117.2
121.9
115.3
143.6
131.5
' 123. 0
139.9
119.5
! 75. 1
137. 4
128 9
153.3
117.5
1 79. 9
128.9
133. 5
122.0
118.7
178 5
129 3
131.2
180 5
305, 559
85. 01 7
311. I l l
7° 703
342, 568
97 505
367, 940
1 26, 727
977 5
""' '
158 2
170 9
158 7
171 1
139
282.9
158
1 70 8
9
139.0
133 0
131. 4
131.8
120. 7
r
180 0
146.2
129. 7
134. 2
144. 1
196 5
371 405
155 860
479 877
189 350
500 786
239 396
457 492
9
16 058
510 °64
257 108
138.9
r>6 3
r
r 126 6
9
II 1
119.1
167 7
r
161 0
174 5
140 8 '
;
2
8
8
1
3
114.1
199 8
110 0
119.8
100 0
585 980
~6 1 78
506 392
°38 320
599 826
°60 493
1 1 4. 0
132 3
108 2
117.9
141 1
r
116
124
109
123.
111
9
:
;
...
145 5
815
803
929
901
939
1 010
1 , 083
1 193
1 298
1 146
1 101
1 087
920
1,019
1, 107
1.180
1. 180
1 215
1 , 290
1 053
1 13(5
1 013
1 012
1 957
316
354
250
346
406
266
379
461
268
374
511
296
373
538
9
69
401
537
428
570
291
345
469
939
376
488
970
317
442
9
54
2,022
3. 661
99, 061
2, 151
3. 507
85, 633
3! 663
90, 048
2, 543
3, 774
80, 78?
2, 535
3,518
75 491
2, 596
3, 820
2, 857
3, 881
73 393
2, 432
3. 339
71 539
2, 629
3,522
100 523
2, 352
2.245
II 9 983
08 1 °0
215
217
162
208
221
211
91 c
1SH
161
181
145
28
447
232
162
188
135
28
444
53, 939
3, 642
15, 408
11,874
5, 554
6, 031
1 1 430
52, 076
3,884
1 5, 370
12, 064
5, 453
6, 764
8 541
73 303
291.6
S2 0
9
160 6
173' 2
141 6
r
290. 2
80 4 '
396
499 i
957 !
!
439 '
-}] 5
--503 :
90 610
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, seas, adjusted :t
210
Combined index,
1947-49= 100
237
Business papers
lo
148
Magazines.. _..
- . . . _ _ _ _ . -.. - do . . .
182
Newspapers . . . . . .
_ _ _ . - . . . . io
Outdoor
_
..
lo 157
30
Radio (network) . .
lo .
Television (network) _. _ 1950-52 = 100
423
211.5
Tide advertising index, unadjusted
1947-49 = 100..
Television advertising:
Network: 9
49, 488
Gross time costs, total-. _ _ . . . . . thous. of dol
5. 347
Automotive, including accessories
. . - . do- _
13,862
Drugs and toiletries-..
- . . do- .
10, 044
Foods, soft drinks, confectionery
- - do . . . 5. 520
Soaps, cleansers, etc
... - - . do.
4, 975
Smoking materials
- do
Ml other
do
9, 741
Spot:*
Gross time costs, quarterly total
. . - . d o - 119,062
2. 089
Automotive, including accessories
do
Drugs and toiletries
-.do... 26, 367
39, 609
Foods, soft drinks, confectionery
- . do 1 0, (530
Soaps, cleansers, etc.
.._
- - do
Smoking materials
- do
8, 072
32, 295
All other
do
Magazine advertising cost, total
. .do. .
67, 587
Apparel and accessories
- . . do. . .
5, 572
6, 636
Automotive, incl. accessories
- do ..
Building materials
. do. . .
3, 276
6,214
Drugs and toiletries
. - . do- .
Food'-", soft drinks, confectionery
do
8,301
Beer, wine, liquors
do- . 3,477
5, 409
Household equip., supplies, furnishings
.... do_ -..
4, 562
Industrial materials
do_ Soaps, cleansers, etc
. . ..do--1.168
Smoking materials
do. i 1.866!
All other
do. _
21,105:
207
221
148
181
159
30
432 |
219. 1
47, 651
5, 158
12, 637
9, 576
5,716
4, 795
9, 770
205 !
228 !
148 i
179
153
33
418
219. 1
47.918
5,162 i
12, 103
9,633
5, 696
4.981
10, 342
208
202
200
911
908
91 ft
158
189
163
28
406
149
182 1
158 j
26
143
180
145
29
409
172.6
163.0
43, 769
41,119
4,068
2, 979
11.772
12. 560
9,093 ! 9,051
4,706 i
4,398
4, 808
4. 550
9, 323
7, 581
41, 509
3,136
12, 274
8, 877
4,556
4. 718
7. 949
210
217
157
191
165
28 j
417
203. 6
130, 353
1,915
26. 329
39. 905
156
400
433
197. 8
242.5
227.2
42, 417
52, 526
3,870
5,178
11,363
14, 537
9.133
10, 783
4,815
5. 084
4,933 i
5^948
8, 303
10 995
52, 009
3,999
13, 962
11, 032
4,816
6, 771
11 430
1, 438
22, 378
32, 282
16,015
8, 330
32, 741
14,575
8, 918
58, 303
2, 859
5, 201
3. 171
7,231
7, 939
17Q
169
28
430
113,184 i
38,711
6(5. 070
69, 727
5, 424
5, 033
6, 505
5, 861
3; 894
3, 372
6, 241
0,618
6, 713
7, 517
3, 475
3, 215
7, 711
6,540
4, 914
5,042
1,226 i
1.003
202
40. 625
770
4, 165
3,741
3, 047
1.625
1.417
5.820 J 4,893
5, 777
5, 360
39. 145
149, 105
1,936
30, 696
52, 191
18. 261
5, 800
40 221
54, 261
3. 479
4,831
215
219 I
9
25 i
1 65
MJ<>
: ._
'•
' '"
;
| ._ _
1 95
i
1 54
:
:
24
461
j
i
i
48,868
3,632
13,846
10,848
5.421
6, 112
;
i
j
l
:
.
..
'
1
;
!
Q./, Um11;n '
. ._
.. _
, _ ..
1
.
i
!
!
;
.....
56,400 i 70,080
7. 450
2,935 ! 4,888
1,767
2. 742
4, 950
4.644
7.428
3,478
695
1. 005
2,783 ! 3,317
5, 826
4,922
5,827 i 6.723
3,740
7,141
6,879
9,071 : 9,145
.
5, 578
3, 444
2, 507 j
2. 143
3, 106
6. 399
1,713
2,965 : 4.326 i
4,761
2,378 i
2,065
4,446
3,647
2, 271
3,681
5,306 L
4,011 |
2,686 !
2,292 ;
3.916
2.708
2, 455
2,894
3,816 i
674
521 . i
'478
972
499
394
880
1.322 i
2,051
1,786
2 , 0 2 6 ; 1 , 6 1 0 ! 1.791
2.561 ' 2,536
2 , 7 0 9 1 2,366
1, 777
2,290
2 426
21,290
20,364
1(5,985
1 1 , 7 1 1 ; 12,973; 19.789! 2 1 , 7 7 1 ; 22,738! 17,574
15, 421
18,429
21.384
. „
r
Revised.
§Copyrighted data; see last paragraph of headnote, p. S-l.
cfData reported at the beginning of each month are shown icre for the previous month.
TDt'ta prior to
August 1957 will be shown later.
^Revised beginning January 1956; unpublished revisions (prior to January 1958) will be shown ater.
9 Series beginning January 1958 made available
through courtesy of Television Bureau of7 Advertising, Inc. (data compiled by Leading National Advertiser*, /we.,"and Broadcast Advertisers Reports, Inc.). ~ *New series (from Television Bureau
of Advertising, Inc.; data compiled by A . C. RorahaiHjh Cc., Inc.); data back to 4th quarter 1955 will be shown later.
61.224
71, 529
5, 273
6, 355
2, 684
7. 026
1
9,080
1
4. 071
7,099
3.980
i 1,652
74, 915
4, 410
9,727
2.534
7,373
9, 617
4. 506
6J 608 i
3.675 !
U)16
41,070
SUEVEY OF CUKBENT BUSINESS
May 1059
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
S-9
1959
1958
March
April
May
June
July-
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
DOMESTIC TRADE—Continued
\DVERTISING-Continued
Magazine advertising linage, total
thous of lines
Newspaper advertising linage (52 cities) , total
Classified _ _ _ _ _ _
_
Display, total
Automotive
Financial
General
Retail
do
do do
do
do
do
do
5 449
4 835
4 357
3 615
227, 825
53, 704
174 122
11 492
3 837
32 017
126 776
228 010
53, 490
174 520
13 314
3 878
32 660
124 668
240 879
56, 766
184 113
13 729
3 416
34 841
132 127
226 239
54, 976
171 263
12 564
3 816
33, 022
121 860
3 172
197
51
146
10
4
25
105
970
455
516
349
405
806
955
4 032
211
55
156
10
2
23
119
567
555
022
028
611
859
526
4 990
224 642
53 406
171 236
8 938
3 522
29 608
129 167
4 942
259
55
204
17
4
39
143
226
071
155
092
131
486
447
4 678
252
53
199
13
3
33
149
862
268
594
565
672
309
047
3 637
230
45
185
8
4
24
148
978
796
182
458
264
451
008
4 069
193
51
141
8
5
22
105
525
738
787
853
721
058
155
5 320
4 510
196
50
145
9
3
27
104
096
742
353
172
598
607
976
236 459
59, 326
177 134
12, 150
4 801
30, 720
129 463
PERSONAL CONSUMPTION EXPENDITURES
Seasonally adjusted quarterly totals at annual rates :f
Goods and services, total
_ bil.ofdol
286.2
288.3
291.5
295.9
300.5
36.3
13.6
17. 1
35.6
13.5
16.6
36.1
13 2
17 3
38.9
15 9
17 4
40.1
17.1
17.4
do
do
__do do _ _
139.8
23.9
77.5
10.3
141.4
24 0
78.6
10.3
142.9
24 8
78 5
10 5
143.3
24 9
78 6
10 7
145.2
25 2
79.5
10.8
do
do
_ do_ _ _
do
110. 1
16.4
36.6
9.1
111.3
16.7
36 9
9.1
112
17
37
9
113 6
17 2
37 5
9 4
115 1
17.5
37 8
9.5
mil. of doL.
15, 549
16, 273
17, 364
16, 603
16, 596
4 860
2,789
2,633
156
5 261
2,934
2, 751
183
5 625
3,082
2,879
203
5 590
3 047
2,842
205
5 444
2 907
2,692
215
5 360
2 789
2 583
206
5 080
2 447
2 259
188
5 379
2 613
2 407
205
772
500
272
761
498
263
840
557
284
847
539
308
840
528
312
872
567
305
850
546
304
Lumber, building, hardware group
do
Lumber, building-materials dealers.. _ _ _ d o . _
Hardware stores
_ ._ _.. __ do _
700
521
178
876
652
224
991
734
257
999
754
238
1 002
775
227
1 005
782
223
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 _
10 688
958
159
394
227
178
11 012
1, 056
183
420
243
210
11 739
1,058
191
425
238
202
11 013
963
197
358
226
182
11 153
867
166
334
206
162
do
_ do
-do
do
_do
534
1 124
4 103
3 636
1,214
521
1 171
4, 048
3 575
1,252
544
1 272
4,418
3 930
1,335
520
1 283
4 104
3 621
1 331
524
1 372
4 251
3 767
1 410
do
-do
do ___
-do
_do_
1 553
904
111
244
328
1 667
963
112
275
323
1 784
1 035
120
283
304
1 651
961
108
266
337
1 576
893
106
270
362
1 768
I 013
120
298
381
Durable goods, total 9
do
Automobiles and parts
_ _ _ _ do _ _
Furniture and household equipment
do _ Nondurable goods, total?
Clothing and shoes
Food and alcoholic beverages
Gasoline and oil
Services, total 9
._.
Household operation
Housing
Transportation.
_._
RETAIL TRADE
All retail stores:
Estimated sales (unadjusted), total
Durable-goods stores 9
do
Automotive group
_
do _
Motor-vehicle, other automotive dealers-do _
Tire, battery, accessory dealers _ _
__ do
Furniture and appliance group
Furniture, homefurnishings stores.
Household-appliance, radio stores
Drug and proprietary stores
Fating and drinking places
Food group
Grocery stores
Gasoline service stations _
do
_ do __
do _ _ _
_
General-merchandise group 9
Department stores, excl. mail-order c?1
Mail-order (catalog sales). __
Variety stores
Liquor stores
__
5
0
2
2
21, 174
16, 223
14, 946
r 17, 168
i 17, 588
5 343
2 756
2 561
195
6 390
3 214
2 965
249
5 121
3 017
2 856
161
4 927
2 899
2 748
151
r 5 832
i1 6 214
3 592
932
609
323
937
613
325
1 176
723
453
784
486
298
746
475
271
r 808
1 038
812
225
1 083
841
242
929
704
225
919
631
288
697
523
174
684
517
167
844
651
193
11 639
954
160
373
236
185
11 246
1 042
167
418
256
200
11 981
1 135
198
4^7
287
194
11 695
1 119
210
451
273
185
14 784
1 854
391
744
459
260
11 102
868
172
359
183
154
539
1 406
4 360
3' 877
1 448
538
1 276
4' 068
3 594
1*346
556
1 280
4 344
3 875
1 384
541
1 204
4 188
3 720
I 338
738
1 243
4 475
3 947
1 369
581
1 158
4 382
3 914
1 282
534
1 070
3*869
3 445
1 197
-•577
r i 1 57
r 4 108
r 3 658
1 781
1 049
' 129
289
360
1 932
1 146
147
305
384
2 018
1 201
161
308
390
3 358
1 952
234
649
596
1 442
842
106
223
354
1 344
759
108
232
324
r 1 714
17, 000
16, 326
17, 360
17, 039
* 3, 464
3, 283
181
i 871
521
287
10 019 r 11
750 r 1
138
322
160
130
336
101
i 11 374
i 991
171
455
257
218
r 1 318
r 972
129
300
356
J
563
1 187
4 201
3 749
1 332
1 710
1 003
16 066
16 502
16 562
16 581
16 721
16 859
16 562
16 941
16 961
17 605
17 452
17 554
r 17 891
i 17 981
Durable-goods stores 9
- do __
Automotive group
_ _.do
Motor-vehicle, other automotive dealers-do
Tire, battery, accessory dealers.do __
5 020
2,665
2, 485
180
5 163
2,769
2,584
185
5 235
2,812
2,616
196
5 149
2 736
2,551
185
5 221
2 803
2, 615
187
5 214
2 703
2, 510
193
5 095
2 600
2, 412
189
5 374
2 819
2, 625
194
5 521
2 906
2, 702
204
5 827
3 256
3,060
196
5 836
3 258
3,047
211
5 869
3 249
3,045
204
6 046
3 340
3,128
212
i g i8i
Furniture and appliance group. _ _ _ . _ -do
Furniture, homefurnishings stores _
.-do __
Household-appliance radio stores
do
868
553
315
827
532
294
840
543
297
843
546
297
851
541
310
891
575
316
858
559
299
871
565
306
883
568
315
868
548
321
880
549
331
889
562
327
902
570
332
Lumber, building, hardware group
do
Lumber, building-materials dealers
do
Hardware stores . _
_ _ _— do . _ _
822
611
212
875
648
227
903
668
234
902
677
226
895
681
214
919
692
226
926
711
215
940
718
222
942
722
220
919
706
213
904
676
228
979
745
234
1 Oil
782
229
11 046
988
181
392
234
181
11 339
1,045
201
404
253
188
11 327
1,013
189
395
247
182
11 432
1,012
194
392
250
176
11 500
1, 060
206
414
257
183
11 645
1 094
202
433
261
197
11 468
l'042
' 191
432
242
177
11 567
1 068
193
434
257
185
11 441
1 033
181
429
235
188
11 778
1 101
199
446
261
196
11 616
1 032
188
422
232
190
11 685
1 082
197
450
241
194
540
1,199
4, 162
3,678
1,267
539
1,237
4 217
3, 731
1,283
539
1,248
4, 159
3, 686
1,297
532
1, 228
4 272
3 781
1, 274
536
1,247
4 216
3,734
1,306
551
1, 255
4 152
3 688
1,340
563
1,221
4 159
3 686
1 338
568
1,244
4 187
3*726
1 358
565
1,232
4 215
3 754
1 342
580
1,243
4 242
3 772
1, 356
579
1, 262
4 243
3 767
1 367
569
1,243
4 274
3 806
l' 368
Estimated sales (seasonally adjusted), total do
Nondurable-goods stores 9
Apparel group... _
._ _
Men's and boys' wear stores
_
Women's apparel, accessory stores
Family and other apparel stores
Shoe stores
Dru^ and proprietary stores
Eating and drinking places
Food group
Grocery stores
Gasoline service stations
- do
-do __
_ do
do
do
do
-do
do
do
_do__
—do
r
r
11 845 i 11 800
1 106
201
447
261
197
589
1,240
4 320
3 848
1 376
1,729
1,766
1,798
1,879
1, 787
1.887
1 817
1 805
1, 918
1 777
1 823
1 834
1 863
1,012
1,041
1,089
1,008
1,042
1, 134
1,055
1,040
1. 099
1 051
1 077
1 059
1 063
125
126
129
136
129
119
129
134
139
127
133
136
138
276
295
289
290
313
312
314
309
310
292
297
319
320
348
365
359
381
376
384
372
384
380
366
376
387
400
r
Revised.
i Advance estimate. , t Revised series. Revisions (back to 1st quarter 1946) appear on p. 24 of the September 1958 SURVEY.
9 Includes data not shown separately.
o* Data beginning January 1958 are on a revised basis, reflecting reclassification of certain stores to department stores; comparable data prior to 1958 are not available.
General-merchandise group 9
do
Department stores, excl. mail-order cf— — do.. _
Mail-order (catalog sales)
..do
Variety stores
do
Liquor stores
do
SURVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
May 1039
1959
1958
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
January
February
March
24, 030
11,210
12, 820
24, 680
11, 590
13, 090
April
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All retail stores — Continued
Estimated inventories:
Unadjusted, total
_
mil of dol
Durable-goods stores
do
Nondurable-goods stores
do
Seasonally adjusted, total
Durable-goods stores 9
Automotive group
Furniture and appliance croup
Lumber building hardware group
Nondurable-goods stores 9
Apparel group
Food group
General -merchandise group
24, 690
11, 480
13, 220
24, 640
11,370
13, 270
24, 360
11, 270
13, 090
23, 820
10, 950
12, 870
23,500
10, 720
12, 780
23, 510
10, 430
13, 080
23, 680
10, 110
13, 570
24, 160
10, 120
14, 040
24, 840
10, 620
14, 220
23, 210
10, 640
12, 570
23,400
10, 920
12, 480
24, 100
11, 030
4,670
1,900
2,150
23, 930
10, 770
4,480
1,870
2,130
23, 880
10, 790
4,410
1,920
2,160
24, 070
10, 800
4,370
1,920
2,180
23,990
10, 730
4,210
1,920
2,220
23,860
10, 660
4,030
1,960
2,220
23, 680
10, 480
3,790
1,980
2,260
23, 470
10, 260
3,650
1,980
2,240
23, 600
10, 460
3,860
1,980
2,240
23, 980
10, 810
4, 150
1,950
2,300
' 24, 190
11,010
4,420
1,960
2,240
13, 070
2 720
2,910
3,990
13, 160
2 720
2,960
3,950
13, 090
2,700
2,900
3,960
13, 270
2,700
2, 950
4,050
13, 260
2,750
2,930
4,030
13, 200
2, 670
2, 930
4,000
13, 200
2,700
2,880
4,030
13, 210
2,680
2,890
4,080
13, 140
2,670
2,860
4,090
13, 170
2, 680
2,880
4,140
r 13, 180 r 13, 150
2,740 r 2, 730
2,890
2,880
' 4, 130 r 4, 070
- do
3,920
4, 051
4,417
4,073
4,045
' 4, 278
4,128
4,533
4,483
6,023
3,968
3,593
4,159
do
3,356
3,476
3,795
3,473
3,465
3,697
3,566
3,907
3,865
5, 178
3,418
3,098
3, 604
220
17
95
65
243
18
100
82
237
19
102
75
223
18
91
72
188
15
81
61
210
14
95
67
239
15
101
78
251
20
107
72
258
22
111
70
434
40
192
114
179
16
74
55
160
12
69
50
278
18
114
92
86
69
38
86
69
38
93
74
42
87
74
38
89
77
38
92
80
39
90
74
41
93
76
47
92
73
47
149
75
47
93
69
33
87
67
35
95
75
39
do
do
-do _
do
do
do
942
568
188
1, 516
48
56
1,033
620
214
1,484
60
68
1, 096
666
218
1,684
71
81
1,028
630
205
1,462
71
80
983
587
205
1,531
73
81
1,106
651
229
1,608
75
79
1,112
669
220
1,461
75
69
1,216
731
234
1,648
78
76
1, 260
751
239
1,567
69
72
2,093
1,166
509
1,659
55
101
868
524
168
1.676
48
62
811
468
176
1,470
48
59
1,044
600
233
1,542
59
69
do
do
do
do
do
do
do
do
__do_
Firms with 4 or more stores:
Estimated sales (unadjusted), total
Firms with 11 or more stores:
Estimated sales (unadjusted) 9 §
Apparel group 9
Mien's and boys' wear stores
Women's apparel accessory stores
Shoe stores
do
do
do
do_
Drug and proprietary stores
Eating and drinking places
Furniture homefurnishings stores
_ __do
do
do
General-merchandise °Toup 9
Department stores excl mail-order©
Variety stores
Grocery stores
Lumber building-materials dealers
Tire battery accessory stores
Estimated sales (seas adj ) total 9 §
Apparel group 9
Men's and boys' wear stores
_
Women's apparel accessory stores
Shoe stores
Drug and proprietary stores
Eating and drinking places
Furniture homefurnishings stores
do
3,492
3,585
3, 631
3,645
3,728
3,771
3,685
3,695
3,698
3.789
3,724
3,752
3,773
214
17
94
65
224
17
96
70
226
18
98
68
225
18
92
68
239
22
97
70
250
21
104
74
237
19
103
70
235
18
101
72
240
17
104
74
258
20
111
78
240
19
105
74
250
19
109
76
251
18
106
81
do
-do _
do
89
71
37
90
71
41
94
73
38
90
73
40
91
73
41
97
75
39
94
71
43
94
73
40
97
74
42
100
72
39
98
75
40
97
77
42
100
1,061
635
216
1,504
57
66
1,094
650
225
1,540
60
68
1,122
670
228
1,537
64
72
1,117
681
227
1, 551
64
72
1,174
705
238
1,564
64
73
1,201
729
242
1,557
66
75
1,134
673
236
1,555
64
73
1,134
664
240
1,570
67
74
1,102
658
223
1,573
71
76
1,135
651
243
1,597
65
72
1,122
669
228
1,575
62
80
1,125
653
242
1,599
64
79
1,127
656
248
1,607
68
81
149
362
150
346
151
342
149
340
138
336
142
333
156
337
162
340
173
350
235
391
196
392
165
381
158
373
49
15
46
14
48
15
47
15
48
14
47
15
48
16
50
15
48
15
49
15
47
15
46
15
48
16
43
43
14
43
44
13
44
43
13
44
42
14
44
42
14
44
42
14
42
44
14
42
44
14
43
43
14
44
43
13
44
41
15
43
43
14
43
43
14
P 125
Department stores:
Accounts receivable, end of month:cf
Charee accounts
___ -1947-49=100-Installment accounts
do__
Ratio of collections to accounts receivable:
Charge accounts
- percent
Installment accounts
do
Sales by type of payment:
Cash «ales
percent of total sales
Charge account sales
do_
Installment sales
-- - -do _
-- -- _do._- - dododo
- - do
do
Minneapolis
New York
Philadelphia
Richmond
St. Louis
San Francisco
\tlanta
Boston
Chicago
Cleveland
Dallas
Kansas City
116
123
130
126
112
129
137
141
166
251
106
'107
153
109
112
113
143
131
158
117
122
120
159
145
153
115
117
115
147
136
144
93
103
107
144
130
165
107
121
124
160
152
160
127
129
129
156
149
173
127
129
129
165
149
197
149
154
154
190
173
305
240
228
244
277
260
135
94
94
96
133
112
' 138
90
'96
103
126
112
165
103
114
117
151
133
109
113
118
126
117
115
117
114
125
136
123
130
121
120
128
144
137
135
119
120
121
135
124
135
103
97
103
123
114
124
130
105
115
139
136
144
135
129
135
151
143
140
142
135
143
158
144
142
150
160
179
186
161
173
227
235
251
286
250
262
93
104
101
113
105
119
99
100
-•102
114
109
' 119
118
112
124
138
128
131
131
130
134
133
140
147
135
135
137
143
138
' 140
139
160
155
114
118
121
151
136
164
117
124
124
161
148
176
115
119
122
162
141
174
129
131
132
162
147
183
137
136
140
172
158
107
119
124
129
162
147
165
125
122
126
159
144
170
122
125
125
166
149
176
132
134
139
160
150
173
119
124
123
168
150
' 168
120
129
133
162
154
165
116
130
128
166
155
do
do_ do
_do_ _
do
do
Sales, seasonally adjusted, total 17. S.f
do_
__
_
__
do
do_
do
do_ _
do
do
39
••152
100
107
108
137
121
1947-49=100--
Atlanta
Boston
Chicago
Cleveland
Dallas
Kansas City
12, 990
2,640
2,880
4,030
do
do
do
do
General-merchandise group 9
do
Department stores excl mail-order©
do
Variety stores
do
Grocery stores
- - do__
Lumber building-materials dealers
do_
Tire, battery, accessory stores
- do_ _
Sales, unadjusted, total 17 S f
24, 110
24, 120
11, 120
10, 970
' 4, 400 4,580
1,950
1,960
2,210
r 2, 210
r
114
'123
119
'164
144
»129
p 165
129
123
126
132
126
137
120
136
130
Minneapolis
d o_ 123
127
'133
141
124
121
124
133
137
127
125
New York
__do-__
125
133
129
128
127
123
129
129
141
135
126
129
142
143
135
140
134
Philadelphia
do
'134
129
146
146
153
147
138
145
163
Richmond
_
__do
151
149
156
160
159
146
139
133
136
134
151
130
144
133
148
141
St Louis
do
138
131
144
143
142
142
140
137
148
140
149
141
148
San Francisco
do
150
' 1551
155
' Revised.
» Preliminary.
9 Includes data not shown separately.
§ Revised beginning January 1956 to include minor data not covered in earlier figures. Revisions for January
1956-January 1957 appear in corresponding note in the April 1958 SURVEY.
©Revised beginning January 1956 to reflect change in previous classification of certain stores to department
stores in accordance with 1954 Census of Business; unpublished revisions (January-May 1956) are available upon request.
^Revisions for 1956 appear in corresponding note in the
March 1958 SURVEY.
t Revised series. Indexes have been revised beginning January 1949 to reflect adjustment to Census of Business benchmarks for 1954 and the up-dating of the seasonal and Easter corrections.
Revisions for both unadjusted and seasonally adjusted sales indexes for January 1949-December 1956 (and scattered revisions beginning 1919) appear on pp. 19 and 20 of the July 1958 SURVEY.
SUEVEY OF CURRENT BUSINESS
May 1959
Unless otherwise stated, statistics through 195f> and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
S-ll
1958
March
April
May
June
July
1959
DecemAugust SeptemOctober November
ber
ber
January
February
March
P152
p 148
April
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Department stores— Continued
Stocks, total U. S., end of monthrf
Unadjusted.
1947-49=100.Seasonally adjusted
_ __
do
Mail-order and store sales:
Montgomery Ward & Co
Sears, Roebuck & Co
147
'143
146
144
140
147
139
148
144
148
89, 194
339, 121
i 83, 199
322, 188
i 81, 387
315, 358
i 92, 465
343, 279
149
143
thous. of doL- 1 71,468 i 92, 615
do_-. 264, 740 303, 708
1
170
152
157
150
136
150
136
152
143
150
* 93, 210 '110,006 1 108, 401 1 164, 588
337, 148 363, 667 367, 657 500 789
i 59, 300
271 009
2 81, 148
242 482
173
153
3
78,586 3 100, 295
293, 743 339 592
WHOLESALE TRADE}
bil. of doldo
do
10.2
3.5
6.8
10.7
3.7
7.0
10.9
3.9
7.0
10.9
4.0
6.9
11.1
4.0
7.2
11.3
4.1
7.2
11.9
4.4
7.5
12.8
4 7
8.1
11 5
4 2
7 3
12.0
4 2
7 8
11 1
38
7 3
Inventories, estimated (unndj.), total
_- do
Durable-goods establishments _ _ ._ _ .__ - --do
Nondurable-goods establishments
do -
12.2
6.4
5.9
12.0
6.3
5.7
11.8
6.2
5.5
11.8
6.2
5.6
11.7
6.1
5.5
11.7
6.1
5.6
11.7
6.1
5.6
11.9
6.1
5.8
12 0
61
5 9
11 6
6.0
5 7
11 8
6.2
56
Sales estimated (unadj.), total
Durable-^oods establishments
Nondurable-goods establishments
- -
r
10 7
38
6 8
11 9
4 5
7 5
11 9
6.4
56
12 0
6 5
5 5
EMPLOYMENT AND POPULATION
POPULATION
Population, United States:
Total, incl. Armed Forces overseas§
thousands- - 173, 153
173, 374
173, 588
173, 822
174, 064
174, 326
174, 595
174, 871
175, 136
175, 370
175, 602 4175,994 * 176,213
4
176, 446
EMPLOYMENT
Noninstitutional population, estimated number 14
years of age and over, total
- - thousands
Total labor force, including Armed Forces©
Civilian labor force, total _ _ ~ _
Employed 0
Agricultural employment _ _
Nonagricultural employment
Unemployed©
_ _
Percent of civilian labor force:
Unadjusted*
Seasonally adjusted*
121, 555
121, 656
121, 776
121, 900
121, 993
122,092
122 219
122 361
122 486
122 609
122 724
122 832
122 945
123 059
do
70, 158
70, 681
71, 603
73, 049
73, 104
72, 703
71 375
71, 743
71 112
70 701
70 027
70 062
70 768
71 210
do -_
do
do
do
do
67, 510
62,311
5,072
57, 239
5,198
68, 027
62 907
5,558
57, 349
5,120
68, 965
64, 061
6,272
57, 789
4,904
70, 418
64, 981
6,900
58, 081
5, 437
70, 473
65, 179
6,718
58, 461
5, 294
70, 067
65 367
6,621
58, 746
4,699
68 740
64 629
6 191
58, 438
4 111
69, 111
65 306
6 404
58, 902
3 805
68 485
64 653
5 695
58, 958
3 833
68 081
63 973
4 871
59, 102
4 108
67 430
62 706
4 693
58, 013
4 724
67 471
62 722
4 692
58, 030
4 749
68 189
63 828
5 203
58, 625
4 362
68 63 Q
65 012
5 848
59, 163
3 627
7.7
7.0
7.5
7 5
7.1
7 2
7.5
7. 3
6.7
7 6
6 0
7 2
55
7 1
56
5 9
6 0
61
7 0
6 0
70
61
6 4
5 8
5 3
5 3
51, 397
50, 975
50 173
48, 851
48, 889
49 389
50 844
50 618
51 374
51 909
52 697
52 770
52 177
51 849
49, 690
15, 355
8,742
6,613
49, 726
15, 104
8,564
6,540
49, 949
15 023
8,480
6, 543
50, 413
15,206
8,564
6,642
50, 178
15,161
8,496
6, 665
50. 576
15 462
8 571
6,891
51 237
15 755
8 814
6,941
51, 136
15 536
8 663
6,873
51 432
15 795
8 982
6,813
51 935
15 749
8 989
6,760
50 310 r 50 315
15 674 r 15 771
8 990 r 9 060
6,684 '6,711
-
Not In labor force©
thousands
Employees in nonagricultural establishments:^
Total, unadjusted (U. S. Dept. of Labor)
-do- _
Manufacturing
do
Durable-goods industries
do _
Nondurable-goods industries
do
5
7.7
6. 8
6
T 50 851 P51 333
P 15 991
r 15 951
P 9 285
r 9 210
' 6, 751 p 6, 706
Mining, total
do
Metal
do
Anthracite
- - .do
Bituminous coal
do
Crude-petroleum and natural-gas production
thousands. _
Nonmetallic mining and quarrying
do
Contract construction
do
733
96
23
206
716
91
20
199
711
92
20
192
717
93
19
190
705
90
19
180
708
89
18
185
711
91
19
187
708
91
19
189
712
94
20
191
713
93
20
192
704
94
20
'693
r 686
P 69i
p 96
18
188
r 180
P 177
303
105
2,316
299
108
2,493
298
110
2 685
303
112
2,806
303
112
2,882
305
112
2 955
302
113
2 927
297
112
2 887
297
111
2 784
301
107
2 486
296
103
2 343
292
r 2 256
293
104
r 2 409
P 109
P 9 534
Transportation and public utilities 9 _ ___ do _
Interstate railroads
do
Local railways and bus lines
_ _ d o __
Trucking and warehousing
do
Telephone _ __
-do _
Telegraph
do
Gas and electric utilities
do.__
3,910
966
97
780
749
39
574
3,883
952
97
770
744
39
574
3,874
946
97
774
738
39
575
3,904
957
96
790
733
39
582
3,907
958
95
791
730
38
589
3 897
958
95
787
726
38
589
3 886
960
95
781
719
38
583
3 897
961
94
811
714
38
577
3 885
951
94
823
713
37
575
3 881
952
94
830
709
37
574
3 836
929
93
803
706
37
572
T 3 835
931
93
810
705
37
571
r 3 865
937
93
823
704
37
568
10, 939
3,010
7,929
1,332
1,598
768
10, 940
2,982
7 958
3,352
1, 592
757
10 961
2 960
8 001
1,358
1 594
757
11, 035
2,980
8 055
1,361
1 594
756
10 984
2 989
7 995
1,337
1 591
755
11 Oil
2 994
8 017
1 351
1 582
757
11 151
3 016
8 135
1 421
1 596
755
11 225
3 039
8 186
1 474
1 597
755
11 382
3 0C2
8 330
1 575
1 611
763
11 P76
3 065
8 911
1 943
1 630
781
11 052
3 028
8 024
1 397
1 583
766
2,348
6, 267
476
311
165
7,822
2,356
6,384
500
311
169
7 850
2 370
6 455
510
314
172
7 870
2 391
6 488
538
318
173
7 866
2 410
6 465
607
318
167
7 664
2 413
6 452
60S
314
163
7 678
2 392
6 472
527
312
167
7 943
2 380
6 463
'479
311
170
8 040
2 374
6 426
474
309
168
8 074
2 373
6 384
468
307
167
8 373
2 363
6 314
461
307
166
8 0^4
2 371
6 000
467
304
165
50, 219
15, 389
8,717
6,672
50, 054
15 243
8,566
6,677
50 147
15 202
8 498
6,704
50 315
15 275
8 556
6, 719
50 411
15 312
8 596
6,716
50 570
15 330
8 605
6,725
50 780
is' 529
8 801
6,728
50 582
1*5 358
8 625
6,733
51 039
15 764
9 007
6,757
T r 1 117
733
2,573
3,930
11, 116
2, 360
6,330
7.788
723
2,624
3,890
11,050
2,356
6 352
7.816
718
2 698
3,877
11 087
2,370
6 360
7. 835
713
2 698
3,888
11 105
2 367
6 392
7.877
709
2 693
3,877
11 121
2 363
6 433
7. 903
2
3
11
2
6
701
711
867
175
377
420
707
2 698
3 858
11 151
2 392
6 440
8. 005
2
3
11
2
6
704
603
894
216
387
443
Wholesale and retail trade
do
Wholesale trade
do
Retail trade 9
do
General-merchandise stores
. do
Food and liquor stores
do
Automotive and accessories dealers
do
Finance, insurance, and real estate
Service and miscellaneous 9
Hotels and lodging places
Laundries.-- __ . _ _
._
Cleaning and dyeing plants
Government
Total, seasonallv adjusted
Manufacturing
Durable-goods industries
Nondurable-goods industries
.
do
do
do
do
._ _ _ _ d o
do
do
do
do
do
Mining _
_ _
do
Contract construction
_ _
do
Transportation and public utilities. _
do
Wholesale and retail trade
_ .
do
Finance, insurance, and real estate.
__ do...
Service and miscellaneous
do
Government
___ __do
7 98Q,
708
698
887
154
392
399
7 986
50 877
15' 693
8 937
6,756
2
3
11
2
6
708
690
875
119
386
426
7 QSfl
50 844
15 701
8 956
6.745
2
3
11
2
6
709
550
859
143
385
448
8 f»4Q
1Q9
2
3
11
2
6
8 098
93
16
r 94
r 101
r
10 990
r 3 025
7 965
r
11 069
r
3 016
0
T 8 o^; .
r 1 383
r l' 349
T 1 598
r
768
r
i
X.QA
P 3 87"
p
11 099
-p q' 0J6
p o' ()^Q
P | 390
P 1 ^88
-772
P 776
2 386
p 9 404
r fi' °.7S
469
one
167
0
r
10
CM OCM
T Q 04.Q
r Q 187
v Q 987
T
6, 770
'6,811
p 6, 850
r RQQ.
f 9 ^d-Q
r 3 880
r 9 fi77
T °, 88^1
p °i 884.
one
T 9 °.QS
r C fMH
r c n«n
2
T) O
1 A1
r Revised.
p Preliminary.
1 Net sales.
2 Data cover net sales for period February-March 4.
3 Data cover 4-week period. Comparable figure for March 1958 is $66 681 000"
4
for April 1958, $87,818,000.
Includes estimate for Alaska,
» The exaggerated June-to-July increase results from technical difficulties in achieving precise seasonal adjustment factors for
June; a more valid comparison may be made between July and May.
t Revised series. Revisions for Janurary 1919-December 1958 appear on p. 27 of this issue of the SURVEY.
} See corresponding note on p. S-3.
9 Includes data for industries not
shown separately.
§ Data beginning February 1959 include an estimate for Alaska; earlier revisions back to January 1955 are shown in the September 1958 issue of the SURVEY.
© Estimates beginning January 1957 reflect certain changes in definitions for employment and unemployment. See note in the December 1957 SURVEY. *New series Monthly rates back
to January 1947, are available upon request.
d* Data for employment, hours, and earnings have been adjusted to the 1st quarter 1957 benchmark. The revision affects all series back to April 1956, except as follows- Back to January
1956 for total nonagricultural, service and miscellaneous, and government employment; back to January 1953 for anthracite mining hours and earnings. Unpublished revisions (prior to June
Digitized
1957) for
are FRASER
available from the 17. S. Department of Labor, Bureau of Labor Statistics, Washington 25, D.C.
May 1059
SUEVEY OF CURRENT BUSINESS
S-12
1959
1958
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Production workers in manufacturing industries:!
Total (U S Dept. of Labor)
thousands
Durable-goods industries
do
Ordnance and accessories
do
Lumber and wood products (except furniture)
thousands -Sawmills and planing mills _ _ _
do
Furniture and fixtures __ _ _
do
Stone clav, and glass products
do
Primary metal industries 9 -- - -- - - do
Blast furnaces, steel works, and rolling mills
thousands
Primary smelting and refining of nonferrous
metals
thousands
Fabricated metal prod, (except ordnance, machinery, transportation equip.)
thousands ..
Machinery (except electrical) ._ _ _ _
. do ..
Electrical machinery
do
Transportation equipment 9
- _.. _ do
Motor vehicles and equipmentcf
do
Aircraft and parts
do
11,542
0,502
68
11,310
6, 337
69
11,245
6,269
68
11,415
6,350
11,353
6,270
11,645
6,339
11, 940
11,721
6,579
68
67
67
68
6,421
67
515
2<58
290
403
885
520
269
283
402
849
542
280
284
405
840
578
291
287
417
859
572
293
286
422
852
581
297
301
430
864
590
297
310
438
897
427
407
408
425
419
428
45
44
42
41
41
41
787
1,090
749
1,153
496
483
766
1, 061
729
1, 103
454
479
756
1,029
715
1,081
446
468
773
1,014
716
1,084
444
476
765
990
712
1,063
433
471
123
45
208
354
122
42
204
351
124
37
200
348
124
33
199
355
5.040
'942
233
64
124
163
108
4,973
949
231
66
137
163
106
4, 976
978
239
70
5,065
74
844
377
177
r
11, 937 r 12, 114
' 6, 794 ' 6, 934
r72
' 74
11,981
6,742
11,930
6,740
11,855
6,739
71
73
73
594
298
313
422
899
579
290
312
426
930
565
282
309
422
943
547
275
313
411
952
'637
273
445
457
459
464
469
489
41
41
42
43
43
43
42
788
977
734
1,034
402
474
822
1,007
762
1,100
463
480
791
1, 005
746
992
358
481
827
1,020
788
1,199
554
484
824
1,038
789
1,208
567
483
820
1,057
791
1,216
581
475
"•817
' 1, 090
'796
' 1, 203
568
473
830
119
33
196
346
118
31
199
366
118
31
205
380
118
26
207
386
122
31
209
379
119
32
210
360
121
33
209
350
120
35
'213
360
123
34
'216
368
5,306
5,239
141
164
112
1,172
246
79
307
166
118
5,361
1,178
249
68
312
166
115
5,300
1,039
243
73
177
168
120
5, 083
1,081
244
73
220
167
121
1,115
251
64
237
166
115
1, 050
251
62
178
164
115
5,190
1,001
250
62
148
162
109
5,116
950
243
61
129
159
103
* 5, 143
'943
239
61
129
159
103
' 5, 180
'947
240
62
134
158
105
70
837
372
180
70
831
366
183
70
840
367
189
70
830
365
184
86
855
370
195
96
860
371
196
94
863
371
197
85
867
372
195
83
862
372
190
79
856
371
186
'76
'860
370
189
' 72
'867
371
193
1,018
436
220
987
434
220
985
432
219
994
433
219
992
429
215
1,044
442
223
1,055
447
223
1,051
447
222
1, 053
446
223
1,056
443
221
1, 051
440
221
' 1, 078
440
220
547
519
192
156
123
184
76
320
217
545
519
190
157
122
170
72
300
202
540
510
188
158
122
172
70
302
205
541
500
187
158
122
176
71
314
213
537
496
186
157
122
175
71
317
215
542
504
190
157
121
181
73
323
217
548
511
191
158
120
188
74
321
213
551
517
193
153
116
195
75
315
206
548
514
194
156
120
195
76
324
214
550
514
195
155
119
198
77
329
221
544
515
196
154
119
199
77
329
224
545
'"SIS
197
'150
115
199
76
333
226
Production workers in manufacturing industries,
seasonally adjusted:!
Total
. _
thousands _
Durable-goods industries.
do
Nondurable-goods industries
do
11, 571
6,478
5,093
11. 438
6,338
5,100
11,415
6,285
11, 484
11,512
6,372
11,530
6.377
11,551
6,385
11,876
6,693
6,708
11,941
6,754
5.140
5,140
5,153
11, 725
6, 568
5,157
11, 884
6,344
5, 130
5,166
5,183
5,176
5,187
Production workers in manufacturing industries:
Indexes of employment:!
Unadjusted
.1947-49=100 _
Seasonally adjusted
do
93.3
93.5
91.4
92.5
90.9
92.3
92.3
92.8
91.8
93.1
94.1
93.2
96.5
94.8
94.8
93.4
96.9
96.0
96.5
96.1
95.8
96.5
2 124 4
204 7
2, 124 4
204 8
2, 157. 0
209 2
2,165.0
209.8
2, 164. 7
2, 146. 7
206 5
2, 145. 7
208.9
853
851
861
864
870
864
867
856
852
836
P839
p845
P853
64.2
65.0
64.0
63.1
64.8
63.4
65.0
63.6
65.4
64.3
65.0
64.9
65.2
66.6
64.4
65.9
63.8
65. 2
62.8
62.3
'63.0
'63.1
P63.3
P63.9
P63.9
P64.8
139.6
140.9
144.9
144.8
150. 0
155.7
152.5
158.4
160.4
158.2
' 160. 4
' 165. 1
P 166. 5
Ship and boat building and repairs
Railroad equiornent
Instruments and related products
Miscellaneous mfg. industries
Nondurable-goods industries
Food and kindred products 9
M^eat products
Dairy products
Canning and preserving
BakeryCTproducts
Bevera es
do
do
do
do ._
do
do
do
do
do
do
do
Tobacco manufactures
do
Textile-mill products 9
do
Broadwoven fabric mills
do
Knitting mi^ls
do
Apparel and other finished textile products
thousands -.
Paper and allied products
- - do
Pulp paper and paper board mills
do
Printing, publishing, and allied industries
thousands -Chemicals and allied products
do
Industrial organic chemicals
do
Products of petroleum and coal
do
Petroleum refining
do
Rubber products
do
Tires and inner tubes
do
Leather and leather products.
_ _ _do
Footwear (except rubber)
do
Miscellaneous employment data:
Federal civilian employees (executive branch): 1
2, 115 2
United States continental
thousands
204 5
Washington D C metropolitan area
do
Railway employees (class I railways) :
866
Total
_ thousands
Indexes:
65.1
Unadjusted
1947-49=100..
65.6
Seasonally adjusted
._ _ do. _
206.9
2, 145. 5 1 2,1 460. 4 22,142.8
215. 5
207.2
207.3
••315
413
'979
' 550
276
'315
'433
' 1,014
p 12, 130
p 6, 990
p 73
p558
p315
p441
p 1, 039
514
P842
'1,111
p 1, 120
P802
801
' 1, 224 p 1, 219
589
471
r
1, 086
442
221
' 551
528
199
155
117
'2€2
78
'331
224
P215
^367
P 5, 140
p958
p69
^870
p 1, 049
P444
p 552
P534
P155
p 186
P324
' 11, 979 ' 12, 146 P 12, 267
' 6, 783
'6,911 p 6, 993
' 5, 196
' 5, 235 p 5, 274
'96.5
'96.8
2
'97.9
'98.2
p98. 1
p99. 2
2, 140. 6 22,142.6
207.6
207.7
PAYROLLS
Manufacturing production-worker payroll index, unadjusted (U S Dept of Labor) t
1947-49=100
143.6
LABOR CONDITIONS
Average weekly hours per worker (U.S. Dept. of
Labor) :J
'40.2
39.8
40.2
39.2
39.6
40.0
39.2
P40.3
39.9
39.9
38.6
38.3
38.7
39.9
All manufacturing industries
hours..
2.4
2.4
2.6
'2.5
2.3
P2.6
1.6
1.5
1.9
1.9
2.4
2.6 '
2.3
1.7
Average overtime
do
40.1
40.3
'40.8
39.4
39.8
40.8
40.4
39.6
40.3
P41.0
39.0
39.1
40.2
38.8
Durable-goods industries
_ _ _ do. ._
'
2
.
4
2.4
2.1
'
2
.
5
?2.
7
2.3
1.5
1.4
2.6
2.7
1.5
1.7
1.8
2.3
Average overtime
do
'41.1
41.4
41.2
p41. 1
41.1
40.6
41.9
41.5
40.7
40.7
40.6
40.7
40.7
41.2
Ordnance and accessories _
_ _ _ do
Lumber and wood products (except furniture)
39.5
41.1
40.6
38.9
40.2
p40. 8
39.3
40.7
39.6
38.8
39.6
40.5
41.3
40.3
hours..
39.6
40.8
40.9
40.2
38.6
40.8
39.3
38. 5
40.5
39 6
41.1
40.1
39.7
Sawmills and planing mills
do
40.4
41.0
41.2
40.5
40.5
p40. 1
40.3
38.0
38.6
38.9
40.8
37.8
38.8
41.0
Furniture and
fixtures
do
'40.4
41.0
40.9
'41.0
41.1
40.4
40.2
39.0
39.1
40.0
40.8
p41. 4
39.7
40.3
Stone, clay, and glass products. _
do
40.4
38.9
'40.9
p 41. 1
36.9
40.0
37.3
38.4
38.5
39.3
39.8
37.1
Primary metal industries 9
do
38.3
39 1
Blast furnaces, steel works, and rolling mills
40.0
36.4
37.9
38.3
40.7
36.3
36.7
38.0
38.5
38.8
39.5
hours
37.8
38.7
Primary smelting and refining of nonferrous
41.2
40.2
40.1
39.9
39.5
40.3
40.8
41.2
41.4
41.0
40.1
39.9
39.9
metals
hours..
1
' Revised.
f> Preliminary.
Includes Post Office employees hired for Christmas season; there were about 316,700 such employees in continental U.S. in December 1958.
2 includes
employees in Alaska.
JSee note marked <? for p. S-ll.
9 Includes data for industries not shown.
cf Formerly "Automobiles." Data not affected.
^Data have been revised
back to January 1939; monthly revisions beginning January 1955 will be shown later. Beginning January 1959, figures include Federal civilian employees in Alaska; at the end of January
1959, such employees totaled 13,200 persons.
SURVEY OF CURRENT BUSINESS
May 1959
S-13
1958
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
March
April
May
July
June
1959
DecemAugust SeptemOctober November
ber
ber
January
February
March
40.4
40 9
40.2
MO. 7
»•r 41 3
40 3
Ml. 0
P 41 4
f> 40 3
40.3
40 2
40.8
38.6
38.6
'40. 7
41 2
40 6
39.3
39 0
Ml. 4
40.5
40 1
40.4
f 40 0
MO. 6
P 40 3
April
EMPLOYMENT AND POPULATION—Continued
LABOR CONDITIONS— Continued
Average weekly hours per worker, etc.t — Continued
All manufacturing industries— Continued
Durable-goods industries— Continued
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
hours..
Machinery (except electrical)
do
Electrical machinery
_
__do
Transportation equipment?
Motor vehicles and equipment c"
Aircraft and parts
_Ship and boat building and repairs
Railroad equipment
Instruments and related products
Miscellaneous mfg industries
38.9
39 3
39.0
39.4
39 4
39.1
40.0
39.6
39.6
40.0
39.4
39.3
40.4
39 4
39.7
41.0
40.0
40.4
40.8
39 5
39.9
40.8
39 9
40.6
41.2
40 6
40.6
40.5
40.7
40.4
39.4
38.3
40.6
39.5
39.0
39.3
38 4
40.3
39.1
37.9
39.7
38 9
40.5
39.8
37.6
39.8
39.1
40.7
39.5
37.2
39.6
38.8
40.4
39.7
37.0
40.0
39.3
40.8
39.6
37.1
39.6
38.6
40.8
39.2
36.7
40.0
39 7
40.5
39.8
35.7
40.6
41 0
40.7
38.8
38.3
41.7
43.0
40.9
39.2
39.1
40.7
41.0
40.9
39.4
37.9
39.4
39.2
39.5
39 0
39.2
39 1
39.8
39.5
39.7
39.2
39.8
39.5
40.3
40.1
40.4
40 3
40.7
40 4
40.9
40 4
40.7
40. 1
do
do
do
do
do
do
do
-do
38.1
19
39.6
38 9
41.3
37 2
39.8
39.3
37.7
17
39.7
39 3
41.7
37 4
39.8
39.3
38.1
19
40.2
39 8
42 0
38 6
40 3
40.3
38.7
2. 1
40.7
40.6
42.8
38.3
40.6
41.1
39.0
39.4
2 4
41.4
40 3
42.5
42 1
40.3
40.9
39.5
39.4
2 5
41.0
42 0
41.5
37 9
39 9
39.9
39.6
2 6
41.0
41 4
41.7
38 0
40.2
40.3
40.5
40. 7
41.8
38.2
39.7
39.7
r
39
2
40
39
41
38
40
39
4
4
0
2
3
6
1
6
T
41.6
41.2
42.3
42.3
40. 1
40.1
39 4
2 5
40 9
40 9
41 8
40 2
40 2
40.0
39.3
41.2
40.7
43.0
40.7
40.8
41.2
5
6
2
8
6
7
0
7
P 39 5
P2 5
p 40 3
- do
do
_ do _
do
37 1
37.6
37 8
36.4
38.0
36.6
36.7
35.2
38 7
37.3
37 4
36 5
39.7
38.4
38.4
37.5
39.6
38.6
38.9
37.7
39 6
39.2
39 3
38 7
40.1
39.7
39 7
38.9
39
40
40
39
39
40
40
39
2
3
7
3
40 1
40.2
40 5
38.6
38.8
39.8
40.2
r 38
40
40
38
5
3
8
3
r 38 1
P 38 5
P 40 4
34.7
41 4
42.3
34.5
41 0
42.1
34.8
41 0
42 0
35.0
41 8
42.8
35.6
41 9
42.8
36.4
42 5
43 5
36.1
42 7
43.7
36 0
42 7
43 5
35 8
42 5
43 3
36.1
42 4
43 4
36.0
42.4
43.5
36 7
36 4
r 42 7
43 6
37.9
40 7
40.1
40 1
40.6
38 0
37.0
36 2
35.5
37.7
40.7
40.0
40. 5
40.7
37.5
36.1
34.1
32.9
37.6
40 8
40 4
40 5
40.3
38 2
37.4
35 3
34 4
37.6
41 1
40.7
41 0
40.9
39 1
38. 1
36 6
36.0
37.6
40 8
40.6
41 0
41.0
39 1
38.9
37 4
37 2
37.9
40 7
40 5
40 4
40 1
40 5
40 7
37 3
36 8
38.0
41 0
40.9
40 7
40 7
40 8
40 5
36 7
35 9
37.9
41 0
40 6
40 2
40 1
40 7
40 3
37 0
36 0
37.9
41 2
40 9
40 6
40 8
40 7
40 9
37 5
36 5
38.4
41 4
41.1
40 2
40.3
41 9
42 3
38 5
38 1
38.0
41 1
41.0
40 9
41. 1
41 1
41. 1
39 1
39.2
'37.9
37.9
39 1
25.0
31 7
37.4
38.4
22.3
30 0
38. 1
37 8
25 8
31 1
39
38
30
35
8
0
9
2
39 2
38 3
30'8
32 4
39
37
28
35
7
g
8
3
39
38
30
35
9
6
8
4
40
38
29
35
0
7
7
8
40
39
29
35
0
7
9
3
40
39
35
38
6
7
3
1
41.1
41.2
35.6
37.6
35 2
40.6
42.3
36.2
38. 6
35 5
40.4
43 7
37.4
41 1
36 3
40.8
44 2
37. 2
40 7
36 2
41.2
44 2
37 3
40 8
36 3
40
44
37
42
36
1
9
9
0
7
40
45
37
42
36
9
4
8
2
5
40
45
38
42
36
3
2
1
7
8
41
44
36
39
35
2
o
4
6
4
40
42
35
37
34
42 6
37.8
41.2
40.4
42 7
37.7
41.4
40.8
43 0
37 8
42.0
40 5
43 0
38 2
41.9
40 7
42
38
41
40
42
38
42
40
9
6
1
9
42
39
41
40
4
0
8
9
42
39
41
40
5
0
7
9
42
39
41
41
6
7
3
i
do
do
do
do
do
__do
__ _ __do _ _
Nondurable-goods industries
Average overtime
Food and kindred products 9
M^eat products
Dairy products
_
Canning and preserving
Bakery products
.Beverages
Tobacco manufactures
Textile-mill products 9 Broad woven fabric mills
Knitting mills
-
39.2
39.5
39.1
.
.. _
Apparel and other finished textile prod
do
Paper and allied products
- do
Pulp paper and paperboard mills _ _ do
Printing, publishing, and allied industries
hours __
Chemicals and allied products
do _
Industrial organic chemicals
do
Products of petroleum and coal
do _
Petroleum refining
__do
Rubber products
do
Tires and inner tubes
do
Leather and leather products
do
Footwear (except rubber)
do
Nonmanufacturing industries:
Mining*
__ do
Metal
do
\nthracite
- - -- -- do
Bituminous coal
do
Crude-petroleum and natural-gas production :
Petroleum and natural-gas produ ction.. hours. _
Nonmetallic mining and quarrying
do
Contract construction
_ _
do
Nonbuilding construction
do
Build inp Construction
do
Transportation and public utilities:
Loc'il railways and bus lines
do
Telephone
do__ _
Telegraph
do___
Gns and electric utilities
do
Wholesale and retail trade:
Wholesale trade
do
Retail trade (except eating and drinking places) 9
hours. _
General-merchandise stores
do_ __
Food and liquor stores
do
Automotive and accessories dealers. __ do_ __
Service and miscellaneous:
Hotels, year-round
__do_
Laundries
_
do
Cleaning and dyeing plants
_ do
Industrial disputes (strikes and lock-outs) :t
Beginning in month:
Work stoppages
number
W r orkers involved
.
thousands. In effect during month:
Work stoppages
number
Workers involved
__
thousands. _
Man-days idle during month
do_
U.S. Employment Service placement activities:
Nonaericultural placements
thousands
Unemployment compensation, State and UCFE programs (Bureau of Employment Security) :§
Initial claims
thousands. .
Insured unemployment, weekly average§
_do
Percent of covered employment*
_ __ _ __
T
2.2
9
5
9
7
2.6
6
1
4
1
2.4
OI-T o
r
r
r 49 4
43 4
39
T2
*• 40
39
41
38
40
39
r
40 4
40 9
38 4
38.3
r 41 2
r 41 2
41 1
40 3
40 6
41 0
r 41 i
40 7
r 41 f,
r 49 0
41 6
42 6
r 38 8
r 38 0
38 7
37 8
40 1
40 6
34.3
36 3
39
40
27
35
7
8
0
6
39
40
27
35
8
4
B
9
5
1
3
9
6
41.3
41 5
35. 7
38 5
35 0
41
41
34
36
34
4
7
4
3
0
41
49
35
39
35
i
7
8
5
0
49 9
38 6
41.6
41 1
42 6
38 3
41.4
41 0
42
38
41
40
5
0
4
9
42
38
41
40
5
5
4
8
39.9
39.6
40 0
40 1
40 3
40 2
40 3
-0 3
40 1
40 4
40 2
40 0
40 2
37.8
34.4
35.8
43.7
37.8
34.2
35.8
43.7
37.8
34.3
35 9
43.8
38.2
34.8
36 6
43.8
38.7
35.2
37 4
43.8
38.7
35 2
37 3
43 9
38.0
34 5
36 6
43 7
37.9
34.3
36 2
43.8
37.7
34 0
36 3
43 7
38.5
36.6
36 3
44.0
38.1
34.7
36 4
44.2
37.9
34 4
36 4
43 9
37
34
36
43
39.9
39.0
38.1
39.9
39.2
38.7
40.0
39.6
39.7
40.1
39.8
39.9
40.0
39.7
38.4
40 1
39 3
37 2
39 9
39 3
38 6
40.4
39. 4
39.4
39 9
38 8
38 7
40.0
39.2
38 3
39.7
39.3
38 5
39 9
3Q 0
37 4
39 8
39 5
38 1
T
195
* 159
••293
r82
r
r
r
r
374
156
r
r
r 471
324
r
T
r 305
r
r
136
58
225
75
200
75
250
90
r
552
r
357
r
169
2 430
2, 000
1,500
1 000
r
309
r
182
I , 240
r
360
156
r 403
399
159
r
162
391
463
r
r 224
r
519
r
200
* 1 940
332
404
439
456
459
489
545
514
413
406
398
378
445
1,795
3,276
7.9
1,983
3,302
7.9
1,538
2,984
7.1
1,513
2,667
6.3
1,659
2,511
6.0
1,251
2,203
5.2
1,186
1,906
4.5
1,259
1,722
4.1
1,258
1,781
4.3
1,924
2,111
5.1
1.790
2. 518
6.0
1,277
2, 396
5.7
1, 136
2,106
5.0
411
r 122
r
r 247
1 850
T
r
596
T
238
2 160
r
r
638
r
288
2 160
r
r 712
r 414
2 400
r
r
637
r
531
5 420
T
r 497
r
296
2 210
r
325
150
300
140
" 38. 1
P 41 3
P 41 2
P 49 3
P 3(5 7
9
5
4
9
1, 100
T
p 36 6
p 42 7
350
150
1,793
Benefit payments:
2,234
2, 166
2,966
2,044
1,556
1,767
1,487
1,739
2,967
2,732
2,157
2, 590
1,968
Beneficiaries, weekly average. _
.thousands-370, 248 403, 845 363, 550 325, 039 305, 638 255, 432 231, 141 210, 300 174, 470 234, 683 279, 461 255, 671 255 640
Amount of pavments
thous of dol
Veterans' unemployment program: ©
7
9
14
12
14
13
27
24
38
30
19
30
13
Initial claims
thousands
26
22
28
53
39
28
31
81
80
74
27
78
78
16
Insured unemployment, weekly average©
do
33
26
31
92
30
96
96
89
65
48
28
30
87
Beneficiaries, weekly average
. .do
3,486
2,993
2,693
3,311
3,391
2, 688
8,853
10, 151
6,553
5,047
9,285
9,833
8,922
Amount of payments
thous. of dol._
r
Revised.
* Preliminary.
t See note marked "d1" for p. S-ll.
9 Includes data for industries not shown.
cTFormerly "Automobiles." Data not affected.
*New series. Monthly data for average weekly hours in the mining industry for January 1947-Febmary 1957 are available upon request. Rate of covered employment expresses average
insured unemployment in each month as a percentage of average covered employment for the most recent 12-month period for which data are available (the lag for covered employment data
may range from 6 to 8 months); monthly data for January 1953-September 1956 are available upon request.
§ Excludes data for persons eligible for compensation under temporary programs; in April 1959, insured unemployment averaged 222,000 persons under TUC programs.
©Excludes data for persons eligible for compensation under the Ex-Servicemen's Unemployment Compensation Act of 1958 (effective Oct. 27,1958); under this Act, insured unemployment
In April
1959 averaged 62,000 persons.
% Revisions for January and February 1958 (in order and units as above): January—208; 83; 307; 198; 595; February—159; 36; 262; 52; 404.
SURVEY OF CURRENT BUSINESS
S-14
May 1959
1958
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
March
April
May
June
July
1959
October Novem- DecemAugust September
ber
ber
January
February
March
April
EMPLOYMENT AND POPULATION—Continued
LABOR CONDITIONS— Continued
Labor turnover in manufacturing establishments^
\ccession rate, total monthly rate per 100 employees
New hires*
do
Separation rate, total
_
do
Quit
do
Layoff._
do
2.4
.9
4.2
.7
3.2
2.5
.9
4.1
.7
3.0
3.0
1.0
3.6
.8
2.4
38
1.6
2.9
.8
1.8
3.3
1.5
3.2
.9
2.0
3.9
1.6
3.5
1.2
1.9
4.0
1.9
3.5
1.5
1.6
3.4
1.7
3.2
1.1
1.7
2.8
2.8
.8
1.6
2.8
.7
1.8
3.3
1.5
3.1
.9
1.7
81.45
87.75
99.72
80.81
87.30
100. 12
82.04
88.37
99.88
83.10
89.89
100. 94
83.50
89.83
100. 94
84.35
91.14
100. 69
85.39
92.46
103. 00
85.17
91.83
103. 00
86.58
94.30
103. 16
88.04
96.29
106. 43
87.38
94.94
105. 00
70.80
69.09
68.32
81. 72
71.39
68.92
67.26
81.51
74.45
73.05
66.91
82.97
76.14
74.52
69.06
84.63
74.28
73.66
68.85
84.40
77.74
76.70
72.09
86.90
80.12
77.68
73.80
88.78
80.15
77.30
73.39
86.51
77.59
75.39
73.03
87.53
77.38
75.17
74.16
87.26
74.84
72.31
72.54
86.83
13
2.4
11
3.3
1.7
'2.6
.8
r
1.3
p3.5
* 1.9
p2. 6
P 1.0
' 1.2
WAGES
Average weekly gross earnings (U. S. Department of
Labor) :t
All manufacturing industries
_ _ dollars
Durable-goods industries
do
Ordnance and accessories
do
Lumber and wood products (except furniture)
dollars _ _
Sawmills and planing mills
do
Furniture and
fixturesdo
Stone, clay, and glass products
do
r
88.00
95.11
103. 57
r
r
74.26
72.86
72.32
87. 67
' 89. 24 v 89. 87
v 97. 99
r 97. 10
104. 74 v 103. 98
r 77. 55
75.48
r
r
v 78. 74
73. 31
90. 61
P 72. 58
v 91. 91
114. 93
p 116. 31
r
95.35
95.20
96.23
99.96
102. 91
103. 95
106. 74
106. 59
108. 08
109. 45
110. 80
112. 72
100. 46
101. 91
101. 66
106. 60
111.72
112. 18
115. 71
114. 52
115. 50
116. 40
120. 08
122.00
125. 36
97.69
97.04
96.96
96.96
98.55
99.54
101. 05
102. 36
104. 04
105. 06
105. 16
105. 06
104. 14
87.42
93.22
83.67
87.14
92.75
83.46
88.65
93.38
83.67
90.80
94.25
85.14
91.20
93.77
84.50
92.52
93.77
84.96
93.89
95.60
87.26
93.02
94.41
85.79
94.66
96.96
88.91
96.00
99.06
89.32
93.96
99.31
88.88
»• 88. 84
89. 06
v 89. 47
do
do
97.32
95.75
97.07
96.00
98.85
97.64
99.50
98.14
100. 19
97.39
102. 00
99.82
100. 98
98.43
102. 00
100.04
106. 78
110. 70
110.92
117. 82
106. 63
109. 06
105. 59
106. 93
r 107. 04
p 109. 30
do
do
do
99.06
96.78
102. 96
98.33
95.80
100. 81
100. 44
97.51
99.64
102. 16
96.78
98.21
102. 62
99.65
98. 05
104. 04
100. 98
97.94
104. 04
100. 35
97.99
104. 09
102. 68
96.75
104. 19
99.72
104. 18
105. 52
101.53
106. 74
105. 52
102. 44
103. 09
105. 67
99.97
104. 22
104. 75
102. 18
105. 30
do
do
85.50
72.13
85.72
72. 15
85.46
71.94
87.16
73.08
87.34
72.13
87. 96
72.68
89.47
74.19
89.28
74.56
90.76
75.14
91.62
75. 95
91.17
75.79
91.13
' 75. 39
r
91.30
r
v 91. 76
P 76. 97
do
do
do
do
do
do
do
73.53
79.60
86.75
78.47
62.87
77.21
88.82
73.14
79.80
87.25
80.06
64. 70
77.61
88.43
73.91
80.80
88.36
80.64
65.62
78.99
92.69
75.08
81.81
90. 54
83.03
63.58
79.98
95.35
75.66
81.99
91. 58
84.71
64.31
80.78
96.00
76.04
81.56
89.87
83.73
69.47
79.79
94.07
77.03
82.78
93.94
84.18
71.06
79.80
93.03
76.83
81.80
93.25
82.76
66.73
80.00
92.40
77.22
83. 64
97.44
82.59
62. 16
79.80
92.97
78.01
84.46
95. 63
83. 40
64.98
81. 20
94.71
77.81
84.65
95.65
84.44
66. 85
80.19
92.10
78.01
r 83. 60
91.73
83.43
67 55
81.80
92. 66
r 78. 61
p 78. 61
p 84. 23
Tobacco manufactures __ _
do
Textile-mill products 9
do
Broadwoven fabric mills
do
Knitting mills
do
Apparel and other finished textile products
dollars..
58.99
56.40
54. 81
53.14
62.70
5-1. 90
52. 85
51.74
64.24
55. 95
53. 86
53.29
66.30
57. 98
55.68
54.75
65. 74
57.90
56.41
54.67
62.96
59. 19
57.38
56.12
60.15
59. 95
57. 96
57.18
60.19
60.95
58.98
57.48
62.72
61.26
59.42
58.16
66.17
61. 10
59.54
56.74
63. 63
60. 89
59.09
55.94
r 63. 53
61. 66
59.98
56.68
r
51.70
51.75
52.20
52.50
53.40
55.33
55.23
55. 08
54.42
54.87
55. 08
56.15
Paper and allied products
do
Pulp, paper, and paperboard mills
do
Printing, publishing, and allied industries
dollars.
Chemicals and allied products
do
Industrial organic chemicals
do
86.11
93.48
85.69
93.04
86.10
93.24
88.20
95.87
88.83
96.73
90.53
98.31
91.38
99.20
91.38
98.75
90.95
98.72
91.16
99.39
91. 58
99.62
r 92. 01
97.02
92.39
97.84
96.14
92.39
98.00
97.01
93.43
98.98
97.38
94.94
100. 12
97.38
95.06
100. 69
98.54
95.24
100. 85
99.56
95.94
102. 25
99.68
95.94
101.91
99.30
96. 82
103. 07
101.76
97.70
103. 57
99.94
97.00
103. 73
r 100. 44
109. 07
114.09
87.02
98.05
56. 83
53.96
110. 97
115. 59
85.88
95.67
53.54
49.68
110. 16
113.65
87. 86
99.48
55.42
51.94
111.93
115.75
91.10
103. 63
57.46
54.36
113.16
117. 26
91.89
106. 59
57. 97
55.80
110.29
113.08
96. 80
113.96
58.19
55.57
112. 33
116. 00
97.51
113. 40
57.99
54.93
110. 15
113. 43
97.27
113. 24
58.46
55.08
112.46
110.28
98.09
115.75
59. 63
56.21
111.35
114.86
102. 66
121.40
61. 22
58.67
113. 70 r 114. 86 r 117.96 p 118. 24
117. 55
119. 77
121.29
100. 28 '101.09 r 103. 32 p 104. 06
117. 55
118.98
123. 54
62. 56 ' 62. 08 <• 60. 80 p 59. 09
60.76
60.37
58.97
97.02
95.40
66.25
96.37
94.62
92.93
58.65
90.60
96.01
91.10
67.60
93.30
101. 89
92.34
80.96
106. 30
99.96
96.13
79.77
97. 85
101. 24
95.63
74.59
105. 90
102. 14
98.04
80.08
106. 55
102. 40
98.30
77.52
107. 76
103. 60
100. 84
78.04
107. 31
105.56
101. 24
93.19
115.82
105. 86
103. 94
91.24
114. 71
106. 00
104. 45
74.79
112. 85
105. 87
103. 83
76.45
112. 29
110. 97
83.22
106. 44
101. 90
107. 71
108. 81
85.45
107. 88
103. 45
108. 63
107. 06
89.59
111.08
110. 56
111.08
110. 57
91.49
110.11
108. 67
110. 77
110.83
91.94
111.90
110. 57
112. 17
106. 67
93.39
113. 70
114. 66
113. 40
110. 02
95.34
114.91
117. 32
114. 25
107. 60
95.37
115. 82
118. 71
115. 18
112. 06
92.84
110. 66
108. 11
111. 16
108. 54
89.67
109. 43
105. 36
110. 37
111.92
87.98
111. 03
105. 88
111.65
116.33
88.82
106 64
100. 19
108 12
115.49
90.95
110 26
108 23
110 95
89.03
76.36
86.52
97.77
90.10
76.53
87.35
99.55
90.30
77.11
89.04
98.42
91.16
78.31
91.34
100. 12
91.38
79.31
91.76
100. 12
90.95
79.90
91.78
101. 02
90.74
81. 12
93.63
101. 84
90.53
81.51
93.41
102. 66
91.16
82.97
92.51
103. 57
92.66
81.06
93.18
103. 57
92.44
80.81
93.98
103. 32
92.65
82 47
93.98
103. 89
92
82
93
103
85.79
85.14
86.40
87.42
88.26
87.64
88.66
87.85
88.22
88.48
88.44
88.00
88 84
63.13
45.75
65.87
81.28
63.50
45.83
66.23
81.72
63.88
46.31
66.42
83.66
64.94
47.68
68.08
84.10
66.18
48.22
69.56
84.53
66.18
47.52
69.38
84.73
64.98
46.92
68.44
83.47
64.81
46.65
68.42
83.22
64.47
45.90
68. 97
83.90
64.68
48.68
68.24
85.36
66.29
48.23
68.43
87.07
65.95
47.13
69.52
86.04
65.95
47.27
69. 16
86.48
65.53
65.60
65.72
65.56
66.93
65.80
65.98
66.24
66.54
66.48
66.71
66.97
67.45
44.29
43.68
49.53
44.29
44.30
50.70
44.80
44.75
52.40
45.31
45.37
53.47
45.60
45.26
51.07
44.91
44.80
49.48
45.09
44.80
51.34
45.65
44.92
52.80
45.49
44.23
51.86
46.40
44.69
51.32
45.66
45.20
51.98
46.28
44 85
50.49
46 17
45 82
51.82
Primary metal industries 9
do
Blast furnaces, steel works, and rolling mills
dollars
Primary smelting and refining of nonferrous
metals
___ . . dollars
Fabricated metal prod, (except ordnance, machinery, transportation equip.)
dollars. _
Machinery (except electrical)
do
Electrical machinery
do
Transportation equipment 9
Motor vehicles and equipmentcT1
Aircraft and parts
Ship and boat building and repairs
Railroad equipment- _ _ _
Instruments and related products
Miscellaneous mfg. industries
Nondurable-goods industries
Food and kindred products9
Meat products.
_
Dairy products
Canning and preserving
Bakerv products
Beverages
Products of petroleum and coal
Petroleum refining
Rubber products..
_ ...
Tires and inner tubes
Leather and leather products
Footwear (except rubber)
do
do
do
do
do
do
Nonmanufacturing industries:
Mining*
do
Metal.
_
do
Anthracite
do
Bituminous coal
_ _ _ _ _ _
- do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
dollars _
Nonmetallic mining and quarryingdo
Contract construction
do
Nonbuilding construction _
do
Building construction
do
Transportation and public utilities:
Local railways and bus lines.
do Telephone
do
Telegraph _ _ _ .
_
do
Gas and electric utilities.
do
Wholesale and retail trade:
Wholesale trade
_ _ _ __ _ d o _ _ _
Retail trade (except eating and drinking
places) 9 _ _ - _ _
_
dollars
General-merchandise stores
do ._
Food and liquor stores .
do
Automotive and accessories dealers
do
Finance, insurance, and real estate:
Banks and trust companies
Service and miscellaneous:
Hotels, year-round
Laundries
Cleaning and dyeing plants
do do
do
___do
r
94.13 r 95. 65 * 96. 76
100. 61 * r102. 01 p 102. 67
99.39
«• 97. 64
103. 57
110.00
75. 60
r 84. 42
93.13
84 86
68 50
81 20
93.69
64. 39
* 63. 43
62. 17
57 22
p 66. 22
p 63. 43
55.69
p 55. 63
92. 66
99.84
p 92. 66
102. 26
p 101. 73
p 97. 06
r
r gy 23
103. 73
65
01
98
63
~"
T
Revised.
* Preliminary.
JSee note marked "of" for p. S-ll.
9 Includes data for industries not shown.
cfFormerly "Automobiles." Data not affected.
§Data beginning January 1959 for accessions and separations include interplant transfers (not included in earlier data), hence are not strictly comparable with rates prior thereto. Discharge
and miscellaneous rates (included in total separations) are not published separately after December 1958.
*New series. ''New hires" are additions (permanent and "temporary) to the employment roll of persons who have never before been employed by the establishment or company, or of
former employees not recalled by the employer. Monthly data for new hires (1951-1957) and average weekly earnings in the mining division (January 1947-February 1957) are available
http://fraser.stlouisfed.org/
upon request.
Federal Reserve Bank of St. Louis
SURVEY OF CURRENT BUSINESS
May 1950
S-15
1959
1958
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
March
April
May
June
July
DecemOctober NovemAugust September
ber
ber
January
February
March
2.20
2.13
2.36
r
2. 29
r
2. 52
'2.22
2. 1'5
'2.38
2.31
'2.53
April
EMPLOYMENT AND POPULATION—Continued
WAGES- Continued
Average hourly gross earnings (U. S. Department of
Labor):?
All manufacturing industries
dollars..
Excluding overtime^
do
Durable-goods industries
_ _ do _ _
Excluding overtime!
do
Ordnance and accessories
_ _
do_ __
Lumber and wood products (except furniture)
dollars ._
Sawmills and planing mills
do
Furniture and fixtures
do _
Stone, clay, and glass products
do
Primary metal industries 9
do
Blast furnaces, steel works, and rolling mills
dollars
Primary smelting and refining of non ferrous
metals
dollars
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
dollars. _
Machinery (except electrical)
do
Electrical machinery
do
2.11
2 07
2.25
2 21
2.45
2.11
2 07
2.25
2 21
'2.46
2.12
2 07
2.26
2 21
2.46
2.12
2.07
2.27
2.22
2.48
2.13
2.08
2.28
2.23
2.48
2.13
2 07
2.29
2 23
2.48
2.14
2.08
2.30
2.24
2.50
2.14
2.08
2.29
2.23
2.50
2.17
2.11
2.34
2.26
2.51
2.19
2 12
2.36
2 28
2. 54
2.19
2.13
2.35
2.29
2.53
1.82
1 79
1.77
2.09
2.57
1.84
1 79
1.77
2.09
2 58
1.88
1 84
1.77
2.09
2 58
1.88
1.84
1.78
2.10
2.61
1.89
1.86
1.77
2.11
2.68
1.91
1 88
1.78
2.13
2 70
1.94
1.89
1.80
2.16
2.73
1.95
1.89
1.79
2.11
2.74
1.93
1.88
1.79
2.14
2.75
1.92
1 87
1.80
2.16
2 75
1.89
1.84
1.80
2.16
2.77
1.88
1.84
1.79
2.17
2 79
'1.91
1.85
' 1.81
2.21
'2.81
2 76
2 78
2 77
2.82
2.94
2.96
2.99
2.99
3.00
3 00
3.04
3.05
3.08
2.43
2 42
2 43
2.43
2.47
2.52
2.52
2.54
2.55
2 55
2.54
2.55
2.54
2.23
2.36
2. 14
2.24
2.36
2 14
2.25
2.37
2 14
2.27
2.38
2.15
2.28
2.38
2.15
2.29
2.38
2.14
2.29
2.39
2.16
2.28
2.39
2.15
2.32
2.43
2.19
2.33
2.44
2 20
2.32
2.44
2.20
2.33
2.46
2.21
2.35
2.47
2.21
P2.36
p2. 48
p 2 . 22
Transportation equipment 9
do
Motor vehicles and equipmentd*
Aircraft and parts
do
Ship and boat building and repairs. _ __ do.. _
Railroad equipment
do
Instruments and related products
do_ _ _
Miscellaneous mfg industries
do
2.47
2 50
2.44
2.45
2.64
2.17
1.84
2 47
2 50
2 44
2.45
2 66
2.17
1 85
2 49
2 51
2 48
2.45
2 65
2.18
1 84
2.50
2.51
2.51
2.45
2.64
2.19
1.85
2.53
2 51
2.54
2.51
2.65
2.20
1.84
2.55
2 54
2.55
2.55
2.64
2.21
1.84
2.55
2. 55
2.55
2.56
2.67
2.22
1.85
2.55
2.52
2.57
2.58
2.71
2.21
1.85
2.63
2 70
2. 56
2.57
2.72
2.23
1.86
2.66
2 74
2 58
2.59
2 73
2.24
1 88
2.62
2.66
2.58
2.60
2.72
2.24
1.89
2.62
2 66
2.59
2.59
2.70
2.25
1 88
'2.63
2 67
2.58
2.60
2.70
'2.26
1.89
p 2. 64
JXondurable-goods industries
do
Excluding overtim el
do_ _
Food and kindred products 9
do
Meat products.
do. __
Dairy products
do
Canning and preserving
_.do
Bakery products
do
Beverages
_.
do
Tobacco manufactures
do
Textile-mill products 9
do
Broad woven fabric mills
do
Knitting mills
_
__ _
- do_ _
Apparel and other finished textile products
dollars. _
Paper and allied products
do
Pulp, paper, and paperboard mills
do
Printing, publishing, and allied industries-do
Chemicals and allied products
do
Industrial organic chemicals
do
Products of petroleum and coal
_ _ _ _ _ do._
Petroleum refinin^
do
Rubber products
do
Tims and inner tubes
do
Leather and leather products
do
Footwear (except rubber)
do
1.93
1.88
2.01
2.23
1.90
1.69
1.94
2.26
1.59
1 50
1.45
1 46
1 94
1.89
2 01
2.22
1 92
1.73
1 95
2.25
1 65
1 50
1 44
1.47
1.94
1.89
2 01
2.22
1 92
1.70
1 96
2.30
1. 66
1 50
1 44
1.46
1.94
1.89
2.01
2.23
1.94
1.66
1.97
2.32
1.67
1.51
1.45
1.46
1.94
1.89
1.99
2.25
1.97
1.58
1.98
2.33
1.66
1 50
1.45
1.45
1.93
1.88
1.97
2.23
1.97
1. 65
1.98
2.30
1.59
1 51
1.46
1.45
1.95
1.89
1.99
2.28
1.99
1.68
1.99
2.32
1.50
1.51
1.46
1.47
1.95
1.89
2.00
2.28
1.98
1.66
1.99
2.31
1.52
1.52
1.46
1.47
1.96
1.90
2.04
2.32
1.99
1.64
2.00
2.33
1.60
1.52
1.46
1.48
1.97
1.91
2 06
2.31
2 00
1. 71
2 02
2.35
1 65
1 52
1 47
1.47
1.98
1.92
2.09
2. 35
2.02
1.75
2.02
2.32
1.64
1 53
1.47
1.48
1 98
1.92
2 09
2.34
2 02
1.75
2 04
2 34
1 65
1 53
1 47
1 48
1.99
1.93
2. 10
2.34
2 04
1.77
2 03
2.36
1 69
r 1 57
1 52
1 49
P 1.99
1.49
2.08
2.21
2. 56
2 27
2.44
2 72
2.81
2.29
2. 65
1 57
1.52
1.50
2 09
2.21
2. 55
2 27
2 45
2.74
2 84
2 29
2. 65
1 57
1.51
1.50
2 10
2.22
2.58
2 29
2.45
2 72
2.82
2.30
2. 66
1 57
1.51
1.50
2. 11
2.24
2.59
2 31
2.46
2.73
2.83
2.33
2.72
1 57
1.51
1.50
2. 12
2.26
2.59
2 33
2.48
2.76
2.86
2.35
2.74
1 55
1.50
1.52
2.13
2.26
2.60
2 34
2.49
2 73
2.82
2.39
2.80
1 56
1.51
1.53
2.14
2.27
2.62
2.34
2.50
2.76
2.85
2.39
2.80
1.58
1.53
1.53
2.14
2 27
2.63
2.34
2.51
2.74
2.83
2.39
2.81
1.58
1.53
1.52
2.14
2 28
2.62
2.35
2.52
2.77
2.85
2.41
2.83
1 59
1.54
1.52
2 15
2.29
2.65
2 36
2 52
2 77
2 85
2.45
2 87
1 59
1 54
1.53
2.16
2.29
2.63
2 35
2.53
2.78
2.86
2.44
2 86
1 60
1.55
1.53
2 17
2.29
2.65
2 37
2 52
r
2 85
2 95
'2.43
2 86
1 60
1*56
1.53
2 17
2.29
2.67
2 36
2 53
2 87
2 98
' 2. 46
2 90
1 60
1 56
P 1. 52
p 2 17
2.56
2.44
2.65
3.04
2. 53
2 42
2 63
3.02
2.52
2.41
2.62
3.00
2. 56
2.43
2 62
3.02
2. 55
2 51
2.59
3.02
2.55
2.53
2.59
3.00
2.56
2.54
2.60
3.01
2.56
2.54
2.61
3.01
2.59
2.54
2. 61
3.04
2 60
2 55
2 64
3.04
2.64
2 56
2.66
3.16
2
2
2
3
2. 70
2.02
2.99
2.71
3.06
2.68
2.02
2 98
2.68
3 06
2.65
2.05
2.97
2.69
3.06
2.71
2.07
2.96
2.67
3.06
2.69
2.08
3 00
2.71
3.09
2.66
2.08
3.00
2.73
3.09
2.69
2.10
3.04
2.78
3.13
2.67
2.11
3.04
2.78
3.13
2.72
2.11
3.04
2.73
3.14
2.68
2 13
3 10
2 78
3 19
2.71
2.12
3 11
2.75
3.19
2.81
2 13
3 10
2 76
3 18
2
2
3
2
3
2.09
2.02
2 10
2.42
2. 11
2 03
2 11
2.44
2.10
2.04
2 12
2.43
2.12
2.05
2 18
2.46
2. 13
2 06
2 19
2.46
2.12
2 07
2 18
2.47
2.14
2.08
2.24
2.49
2.13
2.09
2.24
2.51
2.14
2.09
2 24
2.52
2 16
2 10
2 24
2.52
2 17
2 11
2 27
2.52
2 18
2 12
2 27
2.54
2 18
2 13
2 27
2.54
2 15
2 15
2. 16
2 18
2 19
2 18
2.20
2.18
2 20
2 19
2 20
2 20
2 21
1.67
1 33
1 84
1.86
1.68
1 34
1 85
1.87
1.69
1.35
1 85
1.91
1.70
1.37
1 86
1.92
1.71
1 37
1 86
1.93
1.71
1 35
1 86
1.93
1.71
1.36
1.87
1.91
1.71
1.36
1 89
1.90
1.71
1.35
1 90
1.92
1.68
1 33
1 88
1 94
1.74
1 39
1 88
1.97
1.74
1 37
1 91
1 96
1.74
1 37
1 90
1 97
1 11
1.12
1 30
1 11
1.13
1 31
1 12
1.13
1.32
1 13
1.14
1.34
1 14
1.14
1 33
1 12
1.14
1 33
1.13
1.14
1.33
1.13
1.14
1.34
1 14
1.14
1 34
1 16
1 14
1 34
1 15
1.15
1 35
1 16
1 15
1 35
1 16
1 16
1 36
2.382
3 628
3 286
2 389
3 636
3 302
2.411
3 643
3 336
2.440
3 682
3. 359
2 463
3 720
3 369
2 468
3 726
3 386
2.472
3 741
3 389
2.477
3 753
3 390
2 480
3 756
3 393
2 482
3 764
3 394
2 504
3 781
3 378
2 504
3 792
3 417
2 503
3 796
3 418
2.407
94
2.391
1.87
2.438
2. 453
.94
2.433
2.07
2.456
2. 453
88
2.431
2.12
2 5~68
2 529
1 03
2 546
1.94
Non manufacturing industries:
Mining*
_
do
Metal
do
Anthracite ..
_
do
Bituminous coal
_ do ___
Crude-petroleum and natural-gas production:
Petroleum and natural-gas prod
dollars..
Nonmetallic mining and quarrying
do
Contract construction
do
Nonbuilding construction . _ _ _ _ _ do
Building construction
do
Transportation and public utilities:
Local railways and bus lines
_
do
Telephone
_
do
Telograph
do
Gas and electric utilities
do. _.
Wholesale and retail trade:
Wholesale trade
do
Retail trade (except eating and drinking places) 9
dollars .
General-merchandise stores _
do
Food and liquor stores
do
Automotive and accessories dealers. __ do
Service and miscellaneous:
Hotels, year-round
do
Laundries
_do_ ..
Cleaning and dyeing plants
_
do
Miscellaneous wage data:
Construction wages (ENR):§
Common labor.
. _ dol. per hr
Skilled labor
do
Equipment operators*
do
Farm wages, without board or room (quarterly)
dol. per hr
Railway wages (average, class I). . _. _
do _
Road-building wages, common labor (qtrly)._.do__ _
r
r
T
67
56
77
17
J>2. 23
p 2 . 39
P2.53
p 1.93
v 1.81
p 2 . 22
"2. 83
p 2 26
P 1.91
p 2 09
P 1 72
P i 57
P 2. 67
P 9 35
P 2 87
P 2. 46
p 1 61
2 66
2 57
2 77
3. 19
81
13
08
74
17
2 503
3 796
3 424
99
' Revised.
» Preliminary.
JSee note marked "c?1" for p. S-ll.
IData through 1956 shown in the 1957 edition of BUSINESS STATISTICS are based on adjustment factors; the 1956 figures therein have since been revised to reflect calculations from overtime
hours now regularly collected. Revisions for 1956 appear in the August 1957 SURVEY; the published estimates through 1955 are essentially comparable.
9 Includes data for industries not shown separately.
c? Formerly "Automobiles." Data not affected.
§Rates as of May 1, 1959: Common labor, $2.535; skilled labor, $3.818; equipment operators, $3.444. Scattered revisions for 1952-55 for skilled labor rates are available upon request.
*New series. Average hourly earnings in the mining industry for January 1947-February 1957 are available upon request. Wages for equipment operators are arithmetic averages of wages
in 20 cities. The three types of equipment covered are tractors (including bulldozers, on 70-100 h.p. machines), power cranes and shovels 04 cubic yard), and air compressors; for wages back
to January 1956, see the December 1957 SURVEY.
S-16
liny I0r,9
SURVEY OF CUREENT BUSINESS
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1958
l
March
April
May
June
July
1959
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
FINANCE
BANKING
Acceptances and commercial paper outstanding:
Bankers' acceptances
mil. of dol
Commercial paper
_ _ _
do
Agricultural loans and discounts outstanding of agencies supervised by the Farm Credit Adm.:
Total
_ . _
mil. of dol .
Farm mortgage loans: Federal land banks. _do
Loans to cooperatives
_ _
do
Other loans and discounts
do
1,529
862
1,479
919
1,441
946
1, 352
965
1,353
966
1,363
981
1,281
958
1,255
961
1,209
940
1,194
840
1 133
875
1 161
897
1 054
883
3,464
1,947
428
1,089
3,527
1,958
413
1, 155
3,595
1,972
405
1,218
3,670
1,989
408
1,273
3,725
2,002
425
1,298
3,766
2,017
453
1,295
3,784
2,036
473
1,275
3,802
2, 052
507
1,243
3,791
2,065
526
1,199
3,812
2,089
510
1,214
3,868
2,109
519
1 240
3,959
2,138
518
1,303
4,073
2.175
518
1 381
4,184
2. 206
515
1 463
203,870
84, 409
40, 363
204,126
85,510
39, 354
195,116
77, 315
38, 645
219, 465
95, 473
41, 228
206, 524
82, 214
40, 701
185, 849
68, 620
37, 942
195, 205
70, 887
40, 520
212, 894
79, 620
43, 594
183, 092
64, 804
38, 224
238, 975
92, 711
48, 690
221, 960
86, 507
44 505
195, 770
74, 346
39, 635
223 419
84,710
47 485
226 367
88, 049
46 955
50, 731
24, 570
137
23, 628
21, 804
51,315
24, 672
156
23, 681
21, 409
50,917
25,313
144
24, 162
21, 005
51, 458
26, 283
41
25, 438
20, 767
50. 960
25, 477
94
24, 480
20, 621
51, 471
26, 739
555
25, 346
20, 424
51,264
26, 130
255
24, 986
20, 288
51, 538
26, 675
407
25, 443
20 105
53, 254
28, 006
26, 229
20, 019
53, 095
27, 755
64
26, 347
19, 951
52, 223
27, 197
462
25, 715
19, 892
52, 226
27,020
632
25, 350
19, 893
51, 491
26, 716
327
25, 497
19, 860
52 346
27, 176
500
25, 703
19, 715
50, 731
19. 650
18, 532
675
26, 537
51.315
19,516
18,254
568
26, 375
50, 917
19,416
18,176
633
26, 570
51, 458
19, 883
18, 784
626
26, 705
50, 960
18,999
17,764
-37
26. 802
51, 471
19, 723
18, 538
678
26, 961
51, 264
19,171
18, 147
362
26, 871
51, 538
19, 448
18 462
453
27 003
53, 254
20, 074
18, 994
777
27, 529
53, 095
19, 526
18, 504
-70
27, 872
52. 223
19. 943
18. 878
523
27, 163
52, 226
19, 677
18, 540
568
27, 022
51, 491
19, 285
18,r 192
377
26, 965
52, 346
19,542
18, 396
p 242
26,983
47.2
46.7
45.7
44.6
45.0
43.8
44.1
43.3
42.1
42.1
42.2
42.6
42.9
42.4
54, 119
55, 699
55, 434
54, 560
56, 647
55, 509
55, 967
57, 283
57, 214
59, 045
58, 620
57, 070
55, 889
57, 804
56, 070
4 286
3,092
57, 863
4,937
3,945
56,917
4,739
3,556
57, 176
4, 426
6.372
58. 520
4 222
2,695
58, 015
4.242
3,527
59, 152
4, 151
2,487
60, 097
3, 966
1,966
60, 209
4,185
2, 780
64. 427
4,410
2,838
61,235
4, 325
2, 766
60, 358
4,172
2,^23
59, 211
4.429
4,926
60, 302
4, 704
2,801
Time except interbank total 9
do
Individuals, partnerships, and corporations
mil. of dol._
States and political subdivisions
do
Interbank (demand and time)
do
24, 693
25, 212
25, 627
26, 295
26, 432
26, 477
26, 347
26, 350
25, 977
26. 461
26, 340
26, 368
26, 537
26, 563
23, 003
1 551
15, 155
23, 367
1, 703
14, 777
23, 701
1,781
14, 500
24,168
1 , 956
15. 797
24, 376
1,888
14. 980
24, 519
1, 790
15, 229
24, 506
1 , 674
15, 046
24, 577
1, 603
14,531
24, 331
1,476
14, 591
24, 740
1, 538
16, 209
24,613
1, 543
13, 824
24, 647
1,544
13, 544
24. 840
1, 519
14, 793
24, 856
1,529
13, 591
Investments total
.
do
U.S. Government obligations, direct and guaranteed total
_ _ mil. ofdol..
Bills
do
Certificates
-do
Bonds and guaranteed obligations
.do
Notes
do
Other securities
do
36, 842
39, 488
40, 032
41, 749
41,356
42, 133
40, 920
41, 126
41, 287
41,181
41, 283
40, 017
40, 039
38, 852
28,113
2, 057
1,140
19, 965
4 951
8,729
30, 548
2,146
1,169
20,159
7,074
8,940
31,093
1,964
1, 298
20, 564
7. 267
8,939
32, 575
2, 294
1,650
21,763
6, 868
9. 174
32, 002
1,923
1 , 663
21,428
6, 988
9,354
32, 674
1,389
4,421
19, 957
6,907
9,459
31,431
1, 364
4,168
19, 226
6, 673
9, 489
31, 632
1,770
3,999
19,112
6, 751
9,494
32, 149
2,410
4,160
18, 680
6,899
9,138
31, 894
2,280
4,111
18, 637
6, 866
9 287
32, 126
2, 069
3. 640
18, 294
8, 123
9, 157
30, 825
2,229
3,629
18, 003
6, 964
9,192
30, 543
2, 552
2,690
17, 995
7,306
9,496
29, 276
2.032
2, 516
17, 071
7. 057
9, 576
Loans (adjusted), total©
do
Commercial, industrial, and agricultural
do
To brokers and dealers in securities
do
Other loans for purchasing or carrying securities
mil. of dol. _
Real-estate loans
do
Other loans
do
52. 699
30, 842
1, 983
52, 995
30, 185
2, 749
52. 068
29, 795
2.204
53, 513
30, 371
2.819
52. 156
29. 545
2, 308
52, 165
29, 885
1,831
52, 675
30, 287
1,808
52, 780
30, 337
1,641
53, 643
30, 675
1. 856
55, 393
31,418
2.504
53. 896
30, 275
2, 119
r 53, 846
30, 258
1,908
55, 483
31,172
2,275
55,814
31, 230
2,198
1. 274
8, 695
11,056
1,315
8. 746
11.157
1,288
8,821
11,118
1. 433
8. 890
11,182
1.344
8. 970
11.168
1,245
9, 074
11,314
1,237
9,182
11,342
1,240
9, 350
11,388
1,234
9, 505
11,556
1.270
9; 601
11,825
1,319
9, 665
11,744
1.339
9,757
1,388
9, 834
12, 051
1.375
9. 947
12,301
Bank debits total (344 centers)
New YorV City
.
6 other centerscf
do
_._do
do
Federal Reserve banks, condition, end of month:
Assets total 9
- - -_ do
Reserve bank credit outstanding, total 9 _ _ do
Discounts and advances
do _
United States Government securities
do
Gold certificate reserves
do
Liabilities total 9
Deposits, total 9
Member-bank reserve balances
Excess reserves (estimated)
Federal Reserve notes in circulation
do
--do
do
do
do
Ratio of gold certificate reserves to deposit and FR
note liabilities combined _ _
percent. _
Weekly reporting member banks of Fed. Reserve System, condition, Wednesday nearest end of month:
Deposits:
Demand adjusted©
mil. ofdoL.
Demand, except interbank:
Individuals, partnerships, and corporations
mil. of dol.States and political subdivisions
do
United States Government
do
Money and interest rates: §
Bank rates on business loans:
In 19 cities
New York City
7 other northern and eastern cities
11 southern and western cities
Discount rate (N Y F R Bank)
Federal intermediate credit bank loans
Federal land bank loans
Open market rates, New York City:
Bankers' acceptances (prime, 90 days)
Commercial paper (prime, 4-6 months).
Stock FjXchange call loans goin"" rate*
Yield on U. S. Government securities:
3-month bill«
3—5 year taxable issues
4 49
4 29
4.49
4.77
do
do
do
2 25
4.10
1.75
4.00
1 r 5. 33
do
do
do
do
do
Savings deposits, balance to credit of depositors:
NTew York State savings banks
mil. of dol
U S postal savings^
_
do
r 5. 13
1.75
3.15
'5.13
1.75
3.09
'5. 08
1.30
1.71
3.50
1.13
1.54
3.50
1.13
1.50
3.50
1.126
2.33
1.046
2.25
.881
2.25
19,009
1,271
19,024
1,256
19. 128
1,241
r 5.17
1.75
3.29
'5.13
1.80
2.33
3.88
1.52
1.90
3,76
1. 354
2.50
2.50
3.87
' 5. 17
3.00
3.98
5.21
3. 00
4.07
5.33
2.75
3.30
3.75
2.75
3.26
3.75
2.88
3.35
3.75
2.98
3.42
3.75
2.814
3.65
2.837
3.86
2.712
3.85
2. 852
3.88
2. 960
4.03
20, 044
1,134
20, 067
1,121
20, 119
1,107
20. 334
1,094
20, 277
1,082
2.50
3.78
"•5.17
2.75
3.08
3.75
2.75
3.33
3.75
2.793
3.63
2.756
3.60
19, 667
1,158
19, 778
1,146
' 5. 13
1.65
1.96
3.50
2.39
2.93
3.65
2.75
3.23
3.75
.962
2.54
1.686
3.11
2.484
3.57
19,340
1,213
19, 378
1,198
19, 453
1,184
19, 641
1,169
r
11,815
4. 51
4.29
4.49
4.84
2. 50
3.64
5. 13
2.00
3.02
5.08
1.75
3.17
r
4. 50
4. 29
4.50
4. 79
4.21
4.00
4.21
4.54
4 17
3.88
4.17
4.58
percent
do
do
do
717
2.00
3.06
2.50
3.23
^5.13
r
CONSUMER CREDIT t
(Short- and Intermediate- term)
Total outstanding end of month
Installment credit total
Automobile paper
Other consumer-goods paper
Repair and modernization loans
Personal loans
r
42 500
42 617
42 985
43. 079
42, 923
43, 128
43, 144
43, 164
43, 464
45, 065
44,415
44, 071
44, 203
do
32, 940
32, 888
32,910
33, 008
33, 074
33.165
33, 079
33, 052
33, 126
33, 865
33, 768
33, 751
33, 943
do
do. _.
do
14.793
8.179
2,019
7. 949
14,691
8,124
2.017
8, 056
14.613
8, 158
2,038
8,101
14, 590
8,190
2,048
8,180
14. 567
8. 197
2,061
8.249
14.514
8,254
2,091
8,306
14,332
8.312
2,107
8.328
14, 164
8,411
2,128
8,349
14, 066
8,528
2, 146
8,386
14, 131
9,007
2,145
8,582
14, 155
8,881
2,125
8,607
14, 223
8,767
2,116
8,645
14, 375
8,721
2,127
8,720
mil of dol
do
Revised.
» Preliminary.
1 Revisions for February 1958: 5.46 percent.
cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
9 Includes data not shown separately.
OFor demand deposits, the term "adjusted" denotes exclusion of interbank and U. S. Government deposits and of cash items reported as in process of collection; for loans, exclusion of loans
to banks and deduction of valuation reserves (individual loan items are gross, i. e., before deduction of valuation reserves).
§ For bond yields, see p. S-20.
*New series (from Board of Governors of Federal Reserve System). Data (available back to January 1957) are averages of daily rates for both renewal and new loans.
IData are as of end of consecutive 4-week periods ending in month indicated, except June figure which is as of June 30 (end of fiscal year).
^Revisions, incorporating more comprehensive information, appear in the Federal Reserve Bulletin as follows: 1955-56 data, in December 1957 issue; 1957 data, in November 1958 issue.
SURVEY OF CTJRKENT BUSINESS
Mav 10."!)
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
S-17
1959
1958
March
April
May
June
July
August
Septem- October
ber
Novem- December
ber
January
February
March
April
FINANCE—Continued
CONSUMER CREDIT!— Continued
(Short- and Intermediate- term)
Total outstanding, end of month — Continued
Installment credit, total— Continued
By type of holder:
Financial institutions, total
mil. of dol
Commercial banks
do
Sales-finance companies
do
Credit unions ..
_.. .
_ do _
Consumer finance companies
do
Other
-_
do -
28, 646
12, 333
9,284
2, 410
3, 287
1,332
28, 724
12, 444
9,200
2, 452
3,292
1,336
28, 703
12, 467
9,129
2,478
3,277
1,352
28, 774
12, 520
9,105
2,510
3 283
1,356
28, 917
12, 606
9,121
2, 545
3,292
1,353
28, 983
12, 655
9,083
2, 578
3,294
1,373
28, 758
12 607
8,891
2,591
3,280
1,389
28, 666
12 612
8,777
2, 613
3, 274
1,390
28, 648
12 617
8, 708
2,628
3,281
1,414
28 943
12 730
8 740
2, 664
3 381
1,428
29, 016
12 856
8 733
2, 639
3,374
1,414
29. 070
12 884
8,724
2. 661
3.372
1, 429
29, 324
13 028
8,780
2, 700
3,371
1,445
do
do
. do
do
do
4,294
1,343
1,103
455
1,393
4,164
1, 241
1,091
450
1,382
4,207
1,278
1,092
446
1,391
4,234
1,310
1,093
444
1,387
4, 157
1.241
1, 093
4, 182
1,251
1,110
4,321
1,393
1,110
4 386
1,426
1 126
4 478
1,474
1, 149
4 922
1,702
1,220
4 752
1 615
1, 183
4 681
1, 611
1, 166
4 619
1,581
1,129
Noninstallment credit, total
do
9,560
9,729
10, 075
10, 071
Single-payment loans...
Charge accounts
Service credit
By type of holder:
Financial institutions
Retail outlets
Service credit
do
do
do
3,397
3, 579
2, 584
3, 352
3 772
2, 605
3, 476
4,010
2,589
3,482
4 012
2,577
do
do
do
3,397
3,579
2,584
3. 352
3 772
2, 605
3, 476
4.010
2, 589
3,482
4 012
2,577
do
do
do
do
3,156
1,094
901
1, 161
3,335
1,211
876
1 248
3,371
1, 199
1,000
1 172
do
do
do
do
3,494
1, 331
999
1,164
3 387
1 313
931
1, 143
1, 106
1, 158
1, 104
1, 129
do-___
do
do
do
3, 188
1 , 002
985
1, 141
3, 261
1 143
923
1 195
3, 246
1 094
3, 328
1 151
1 '60
3, 202
1 095
9(i8
1 199
1 9.12
3, 416
1 142
1 018
1 256
do
do
do
do
3.384
1,294
P63
1,127
3 390
1 , 32B
3 338
1, 284
3 391
1, 278
3 365
1, 275
919
940
961
948
1, 145
1, 114
1, 152
11,182
9, 501
69
6, 039
3 496
7, 334
4 9'?5
11 849
10 785
68
63
2,658
6, 538
6«0
1,237
3, 584
5,749
616
432
3 608
1, 093
Retail outlets, total
Department stores..
Furniture stores Automobile dealers
Other
_
_.
Installment credit extended and repaid:
Unadjusted:
Extended, total
Automobile paper ...
.
Other consumer-goods paper
All other
Repaid, total
Automobile paper
Other consumer-goods paper
All other
Adjusted:
Extended, total
Automobile paper
Other consumer-goods paper
All other
Repaid, totnl
Automobile paper_-_ .. _ _
Other consumer-goods paper
A l l other, . _ _ _ _ _ _ . _ . _
_
_
443
440
433
427
424
425
425
427
430
1,380
1,381
1,385
1,407
1, 431
1, 575
1, 529
1,477
1,479
9,849
9, 963
10, 065
10,112
10, 338
11,200
10, 647
10,320
10,260
3,373
3 927
2,549
3, 453
3 956
2, 554
3, 495
4 033
2, 537
3,414
4 191
2, 507
3, 499
4 297
2, 542
3, 543
5 018
2,639
3, 464
4 504
2, 679
3, 563
4 004
2, 753
3, 618
3 883
2, 759
3,373
3 927
2,549
3, 453
3 956
2 554
3,495
4 033
2 537
3, 414
4 191
2, 507
3,499
4 297
2, 542
3 543
5 018
2, 639
3 464
4 504
9
679
3 563
4 004
2 753
3 618
3 883
2 759
3,477
1,257
973
1 247
3,483
1,281
956
1 246
3.385
1,193
976
1 216
3 297
1. 105
993
1 199
3, 475
1,173
1, 075
1 227
3,338
1,091
1, 054
1 193
4, 350
1,300
1, 435
1 555
3 321
1 248
886
1 187
3 247
1, 258
839
1 150
3 786
1, 476
982
1 328
3 349
1 277
3 379
1 280
3 417
1 304
3 294
1 246
3 383
1 987
966
949
919
935
3 611
1 9()5
' 956
1 300
3
1
1
1
418
224
012
182
3 2(54
1 190
1 161
3 502
1 3d!
' 976
1 185
3 264
1 189
941
1 121
3 594
1 324
1,028
1 242
3, 326
1 082
1 005
1 239
3, 451
1 199
1 005
1 247
3, 594
1 276
3,
1
1
1
3
1
1
1
799
437
017
31 5
3,
1
1
1
816
454
057
30 o
3, 749
1 414
1 058
1 277
3 403
1 276
3 376
1 240
3 418
1 281
947
949
964
1, 142
1, 180
1 181
3,624
2 946
72
6, 280
4 838
8 119
7 208
66
1. 189
4, 253
449
1, 293
1,976
3, 665
5, 906
818
1,394
1, 453
479
355
1,265
3,599
316
1, 105
1 193
6,122
613
5, 846
595
6, 621
615
6,613
642
465
436
431
431
9°2
965
937
1,138
1 041
1 977
720
420
002
998
953
447
243
001
203
3 414
1 202
3 412
1 952
3 483
l' 281
3 431
1 265
953
956
981
1 173
3
1
1
1
1 199
1 °04
1 221
°»83
1 183
3 446
2 769
5 979
4 962
6 848
6 180
4 ()5f,
4 598
72
78
8 1 59
6 570
10 722
8 426
82
76
3, 909
2, 267
549
1 320
1, 387
374
386
1 217
3, 735
319
816
1 038
2, 512
2,419
441
1 397
2, 944
424
321
1 192
5,202
362
1 281
1 237
2,938
5, 459
857
1 378
6,198
574
6, 633
578
7, 144
600
404
6, 237
607
7, 080
647
410
454
441
675
445
6, 331
630
6, 461
649
440
4 212
1,781
3 6^3
1, 963
FEDERAL G O V E R N M E N T FINANCE
Budget receipts and expenditures:
Receipts, total-_
Receipts, net
Customs
mil. of dol
do
do
Individual income taxes
Corporation income and profits taxes
Employment taxes _
__
. _
._
Other internal revenue and receipts
Expenditures, total
Interest on public debt
Veterans' services and benefits
Major national security
All other expenditures
_
do
do
_ do
do
_
do
do
do
do
do
Public debt and guaranteed obligations:
Gross debt (direct), end of month, total
do
Interest bearing, total
._ . _ _ _ _ _ do .
Public issues
do
Special issues
__ __
do
Noninterest bearing
do
Obligations guaranteed by U. S. Government, end
of month
mil of dol
Amount outstanding, end of month
Sales, series E through K§
Redemptions
272, 624
270, 948
225, 137
45,810
1,676
do
do
do
Federal business-type activities, end of quarter: of
Assets, except interagency, total
.mil. of dol_.
Loans receivable, total (less reserves) - - do T o a i d agriculture - _ . - _ - _ _ _ _ _ _ . _.do
To aid homeowners
do
All other (incl. foreign loans)
do
Commodities, supplies, and materials
do
U. S. Government securities.. _
_ . . _ _ _ do
Other securities and investments
do__ .
Laud, structures, and equipment
do
All other assets
do
Liabilities, except interagency, total...
_do_. Bonds, notes, and debentures
_
do
Other liabilities
do_.
Private proprietary interest
do
L . S Government proprietary interest.. — do
r
0 r
a r
1
r
476
r 3 552
1, 391
T
275 057
273, 447
228, 004
45 443
1 610
r 3 553
1, 161
T
275, 653
274, 030
227, 915
46 115
1 622
r 4 312
I , 263
r
3 752
* 1, 788
276 343
274, 698
228, 452
46 246
1 646
275 466
273,910
228, 033
45 877
1 556
r
67
r 3 853
r 3 505
1,615
r
278
276
230,
46
1
476
951
638
313
525
r 1, 783
276
275
229,
45
1
666
004
008
996
661
r 4 225
1, 865
r
280 211
278 561
233, 194
45 367
1 650
r 3 589
1, 599
r
283 060
28l' 425
236, 313
45 112
1 635
289
280
235,
44
2
929
839
999
840
084
285 801
283 808
239, 901
43 Q07
1 993
89
440
3 596
l' 795
285 104 989 03"!
283 243 r 280 08f)
239, 373 236, 149
43 8~0
43 940
j 8rl
1 945
985
283
240,
40
1
353
497
220
2~H
850
104
94
97
101
102
108
118
112
107
109
106
112
119
107
52, 663
418
600
52, 550
398
605
52, 462
368
551
52, 349
376
610
52, 263
418
626
52 193
369
534
52 118
352
523
52 031
378
551
51 971
324
481
51 878
370
586
51 624
486
867
51 5°0
383
584
51 379
414
653
51 I'M)
350
6 'M
72, 242
23, 147
7,605
4,917
10, 978
i 72, 677
22, 383
6 914
4, 628
r
11,327
21, 206
4,523
3,753
10, 020
9,594
1
8, 270
4,798
3,472
1
1. 183
1
62, 789
1
73, 772
23, 280
7 402
4, 607
11,721
i 75 494
25 493
8 695
4 860
12, 306
21, 540
4,467
3,731
10, 459
10, 097
20, 743
4, 365
3, 703
10, 422
11, 259
20 810
4 198
3 703
10, 670
11, 619
1
1
8, 013
3, 862
4, 151
1
1, 204
1
63, 460
r
7, 680
4,037
3,643
i 1, 229
i 64, 864
i g 000
4 090
3 910
1
1, 298
i 67, 196
Revised.
*> Preliminary.
i See note marked "cf".
"Revisions for January and February 1958 (mil. dol.): Major national security, 3,672: 3,521; all other, 1 213- 972
JSee corresponding note on p. S-16.
§Effective May 1957, for series E and H (series J and K discontinued after April 30, 1957). Data for various months through March 1959, however, include minor amounts due to late
reporting or adjustments on discontinued series (F, G, J, K).
cf Figures are not directly comparable from quarter to quarter, since activities covered vary. Data reflect the condition of activities (public-enterprise and intragovernmental funds, certain other activities of the U. S. Government, and certain deposit and trust revolving funds) reporting to the Treasury under Department Circular No. 966; excluded from the data, are activities
reported other than quarterly. Interagency items arc excluded except in the case of trust revolving funds.
SUEVEY OF CURRENT BUSINESS
S-18
May 1050
1958
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
March
April
May
June
July
1959
DecemAugust SeptemOctober November
ber
ber
^a??-
F
£T
Mareh
April
FINANCE— Continued
LIFE INSURANCE
Institute of Life Insurance :t
Assets, total, all U. S. life insurance companies
102, 711
mil. of dol
Bonds (book value), domestic and foreign, total
52, 154
mil. of dol
7,095
U S. Government
_
do _ _ .
2,461
State, county, municipal (U. S.)
do
14, 782
Public utility (U. S.)
.
do
3,851
Railroad (U. S.)
do
21, 028
Industrial and miscellaneous (U. S.)
do
Stocks (book value), domestic and foreign, total
mil. of doL.
Preferred (U. S.)
__
do
Common (U S )
do
Mortgage loans, total
_
do
Nonfarm
_ _
do
Real estate
do
Policy loans and premium notes
_ __ , do
Cash
_
do...
Other assets
-- -- - do
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance) :
Value estimated total ©
mil of dol
Group and wholesale
do
Industrial
_ _ _ _ _ _ . . do _
Ordinary total © _ _
_ - - do___
New England
Middle Atlantic
East North Central
West North Central
South Atlantic
East South Central
_
103, 058
103, 508
104 008
104, 578
105, 054
105, 493
106 053
106 540
107 419
108 145
108 583
108 945
52, 407
7,106
2,474
14, 819
3,849
21. 195
52, 545
7,036
2,502
14, 830
3,848
21, 308
52, 804
7,083
2,537
14, 895
3,843
21, 400
53, 202
7,258
2,561
14, 962
3.835
21, 523
53 444
7,300
2,597
15, 012
3,839
21, 606
53, 638
7,307
2,616
15, 085
3,835
21, 700
53 988
7,319
2,641
15, 170
3,829
21, 931
54 172
7,344
2,672
15, 183
3,828
22, 043
54 302
7,205
2,685
15 247
3,830
22 214
54 857
7,485
2,744
15, 306
3,817
22 348
55 038
7,414
2,774
15 332
3,812
22 531
55 151
7 229
2,840
15 403
3,809
22 680
3,098
1,637
1,439
35, 727
33, 117
3,105
1,640
1,442
35, 840
33, 213
3,118
1,641
1,453
35, 956
33, 316
3,159
1,654
1 482
36, 060
33, 409
3,159
1,659
1,477
36, 183
33, 519
3,151
1,658
1 469
36, 323
33, 645
3,191
1,657
1,508
36, 462
33, 776
3,187
1,654
1,504
36, 648
33, 955
3,198
1,651
1 516
36, 794
34, 093
3, 359
1 646
1 678
37 097
34 388
3,365
1,640
1 689
37 211
34, 510
3,387
1 639
1 709
37 350
34 635
3,421
1 643
1 739
37 486
34, 573
3,191
3.975
1,170
3,396
3,222
4,011
1,153
3,320
3,241
4,038
1,227
3,383
3 280
4,067
1,207
3,431
3,303
4,091
1,227
3,413
3 355
4, 114
1,210
3,457
3,368
4,138
1,209
3,487
3,395
4,162
1,190
3,483
3 415
4, 183
1,242
3 536
3 376
4 204
1 365
3 716
3 393
4 225
1,282
3 812
3 414
4 253
1 225
3 916
3 450
4,284
1,211
3 942
4 724
779
459
3,486
5 053
893
531
3,629
5 788
791
596
4,401
230
830
691
288
404
156
234
827
704
304
448
167
278
992
867
358
550
208
do
-- do .
do
- do
do.__
do
West South Central
.
-do
Mountain
_ _
do
Pacific ©
do
'Institute of Life Insurance:
Payments to policyholders and beneficiaries, estimated total
_
mil. of dol .
Death benefits
do
Matured endowments __ __
- do
Disability payments
do
Annuity payments
do
Surrender values
do
Policy dividends
do
Life Insurance Association of America:
Premium income (39 cos ), quarterly total _ _ do
Accident and health
do
\nnuities
do
Group
do
Industrial
do
Ordinary
do
r
' 5, 788 ' 5, 568
1,024
' 1, 337
544
550
'3,901 r 4, 000
T
r
5, 466
999
595
5, 165
3, 872
274
956
776
308
486
174
362
148
'454
379
158
361
155
'455
'442
r 442
584. 6
233. 5
58.8
10.2
'49.0
123.1
110.0
274
924
753
320
476
167
624.2
259.2
60.7
r
10.4
49. 6
132.7
111. 6
50. 2
126.6
131.1
633
530
r
r
5 089
869
548
3, 672
r
5, 059
666
557
3, 836
234
820
739
303
467
164
241
842
774
316
493
181
381
166
480
355
150
r442
'456
579.2
229.7
58.7
T
9.9
590. 0
246.8
55.3
r
9.9
537. 0
222. 6
50.9
'9.5
'49. 6
115.8
115.5
r
'48.7
108.3
97.0
370
149
r
50.7
120.6
106.7
382
153
T
r
5, 509
759
579
' 5 224 '7 020
728 ' 2 133
4, 171
588
'3,908
273
963
842
328
520
186
269
953
781
294
501
168
386
179
348
145
499
' 4, 388
269
1 001
854
357
539
190
423
195
495
'447
' 559
349
137
402
367
152
426
440
176
532
577.8
233.1
57.4
10.1
594.0
244.4
60.4
'9.9
536.6
214.8
65.4
T
9 0
746.2
264 5
88.8
' 9 7
665.4
267.8
65.9
11.4
595. 3
246 9
54.9
9 8
074. 0
278 0
58.4
10 0
'47.9
119.0
110.3
'53.9
120.2
105.2
' 46.7
103.7
97.0
' 47 5
135 8
199 9
67.5
118.7
134.1
54 7
117. 5
111 5
52 9
137. 5
137 2
20. 442
—48 0
203
18, 499
r
T
2, 604. 2
451. 7
284.1
313. 7
192.6
1, 362. 1
2, 557. 2
439.0
275 9
291.9
197 9
1, 352. 5
2, 669. 9
441.1
344.0
312.3
232.9
1, 339. 5
r
267
949
799
334
495
166
257
889
746
305
498
171
r
r
1T
5, 199
' 3, 826 ' 4, 036
272
923
767
309
461
167
641.5
262.7
61.2
!'9. 7
T
780
559
2, 818. 4
466. 6
338 4
289.4
244 5
1,479.4
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U S (end of mo )
mil.
Net release from earmarks
Exports
thous
Imports
22, 394
-252. 0
of dol
do
of dol
do
Production reported monthly total 9
do
A frica
_ do
Canada
do
United States
_
do_ _
Silver:
Exports
do
Imports
do
Price at New York
dol. per fine oz
Production:
Canada
thous. of fine oz
Mexico
_ __do_ _
United States
_
do
Money supply (end of month):
Currency in circulation
mil of dol
Deposits and currency, total
do
Foreign banks deposits, net
_
do
U. S. Government balances
do
228
6,206
r
80, 100
55. 100
13, 700
4,300
314
21, 996
-471. 5
62
21,594
-355. 2
250
18, 177
26, 097
r
79 700
55, 500
13, 400
4.500
171
r
81, 300
56, 600
13, 300
4,600
185
4,507
24, 413
.886
12, 322
.886
2,449
3,217
2,465
2, 559
3,913
3,123
2,651
4,070
2,597
30, 666
235, 500
3,900
7,100
30, 565
239, 200
4,000
6,700
30, 994
238, 900
4,000
6,800
.886
21,210
— 164.3
9,328
27, 373
21,011
-196.7
88
3,829
20, 874
-220. 2
8,706
79, 914
20, 690
-189.0
68
5,425
20, 609
-96.9
42
11.751
20, 534
— 79 3
56
12, 278
20, 476
—65 6
0
10, 272
20, 479
— 13 0
198
10, 048
81 500
56, 100
13, 400
4,900
57, 300
13, 200
6,100
57, 900
12, 800
5,400
58, 300
13, 100
6,200
58,900
14, 000
6,700
58, 500
12, 900
5,500
57, 700
13, 200
5,900
59 500
13 100
4,200
4, 100
324
8,329
360
4,493
744
5,980
204
.887
10, 197
.900
113
.886
727
4,882
.886
5, 160
.901
90
9 219
.899
134
5,356
.902
99
6,172
.904
2,528
4,151
3,243
2,386
3,919
2,127
2,884
3,930
2,651
2,856
4,431
2,614
2.390
3,880
3,831
2,644
3,551
2,505
2,918
3,886
3,426
3,094
3, 680
2,330
2,265
21,356
-285. 0
9, 366
12, 799
r
.886
2,827
103
5,220
.914
.914
2,823
31, 245
32, 193
31 172
31 171
31,371
31, 386
32, 036
31 129
31 125
31 250
244, 131 P 241, 900 P 243, 400 p 242,600 p 244, 900 P 247,700 p 250,500 p 248,800 P 246,300 P 246,700 P250. 000
3,953 P 4, 000 P 3. 900 *> 3, 800 v 3, 800 p 3, 700 p 3, 900 p 3, 800
P3, 700 p 3. 900
P 3 700
p 6, 000
P5, 600 P 5, 100 P 5, 800
10, 695 p5,600 P 7, 000 * 5, 700 P 4, 900 P 7, 100 p 5, 600
224. 500 228, 400 228, 100 229, 483 p 232, 400 p 232, 500 p 233,100 p 236, 200 P 237,000 P 241, 000 p 239 ,000 p 236,900 P 237, 600 P240 500
Deposits (adjusted) and currency, total*[ .-do
104, 600 107, 200 105, 800 106, 169 p 108, 100 v 107, 500 P 108, 100 p 110, 800 p 111,600 p 114, 500 p 113, 200 p 110, 700 P 110,300 PH2 800
Demand deposits, adjusted^ _ __ _ _
do
94, 600
95, 524 p 96, 500 P 97, 000 P 97, 200 p 97, 400 P 96, 700 P 97, 900 p 98, 100 P 98, 500 P 99. 500 p90 900
93, 600
Time deposits, adjusted^
do_ __ 92, 500
27, 800
27, 790 * 27, 900 P 28, 000 p 27, 900 p 28, 000 P 28, 800 P 28, 600 p 27, 700 P 27, 800 P 27. 900 P 27, 900
27, 600
27, 400
Currency outside banks
do
Turnover of demand deposits except interbank and
U. S. Government, annual rate:
46.4
49.4
65.7
47.4
56.6
56.2
58.2
51.2
54.8
50.1
54.0
54.1
54. 5
New York City
ratio of debits to deposits. _
50 2
27.4
33.2
28.2
31.4
30.3
29.8
30.0
30.2
31.3
30.3
P31 0
29.6
P 34 2
P 33 8
6 other centersd*
do
23.1
22.0
21.7
23.6
23.8
22.2
'23.2
'24.1
24.9
23.8
22.9
22.1
P23.6
P 24. 3
337 other reporting centers
_
do
!
' Revised.
p Preliminary.
Revisions for January and February 1958 (mil. dol.): Disability, 11.1; 9.6; annuity, 67.4; 48.9.
^Revisions for assets of all life insurance companies for January-July 1956 and 1957 will be shown later; data beginning 1957 not comparable with earlier data.
©Revised back to January 1957 to include data for Alaska; unpublished revisions (prior to March 1958) will be shown later. The total for ordinary insurance (beginning 1956) includes adjustments not distributed by areas.
§0r increase in earmarked gold (—).
9 Includes data for the following countries not shown separately: Mexico; Brazil; Colombia; Chile; Nicaragua; Australia, and India. Revisions for 1950-56 and January-July 1957 will be
rshown later.
*|The term "adjusted" denotes exclusion of interbank and U. S. Government deposits; for demand deposits, also exclusion of cash items reported as in process of collection.
^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
SUKVEY OF CUERENT BUSINESS
May 1959
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
S-19
1959
1958
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
FINANCE—Continued
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Fed. Trade and SEC):
Net profit after taxes, all industries _ mil. of dol Food and kindred products
do
Textile mill products
do. _Lumber and wood products (except furniture)
mil. of dol
Paper and allied products
_do
Chemicals and allied products
_do_ __
Petroleum refining
do
Stone, clay, and erlass products
__do
Primary nonferrous metal
do
Primary iron a n d steel
_
_ _ _ _ _ _do_
Fabricated metal products (except ordnance,
machinery, and transport, equip.) mil. of dol
Machinery (except electrical)
___do
Electrical machinery
_ do. __
Transportation equipment (except motor vehicles,
etc )
mil. of dol
Motor vehicles and parts __
do
All other manufacturing industries
do
Dividends paid (cash) , all industries
do. __
Electric utilities, net profit after taxes (Fed. Res.)}
mil. of dol
Railways and telephone cos. (see pp. S-23 and S-24).
2,472
220
13
2,835
273
40
3, 315
319
77
4 029
312
88
1
101
341
533
51
84
159
21
113
392
503
145
69
198
74
113
426
648
199
85
199
57
133
470
783
r
161
123
321
80
190
162
118
255
178
143
240
204
1?4
260
267
101
213
222
92
152
284
95
40
453
100
444
387
1,832
1,784
1,706
2,046
421
349
357
390
SECURITIES ISSUED
Securities and Exchange Commission^
Estimated gross proceeds, total
By type of security:
Bonds and notes, total _
Corporate
Common stock
Preferred stock
By type of issuer:
Corporate, total 9
Manufacturing _
Extractive (mining)
Public utility
_
Railroad
C ommunication
Financial and real estate
3,959
6,963
2,160
3,049
2,423
1,340
2 197
3 076
1,408
1 900
' 5, 780 ' 2, 132
1,921
3,830
1,494
61
69
6,832
1 101
90
41
2,041
594
84
36
2,953
866
38
58
2,133
907
219
70
1,259
492
70
12
2 120
1 098
55
23
2 839
652
170
67
1,289
379
107
12
1 649
751
201
50
T
1,723
1,623
240
22
415
40
800
50
1,232
640
35
320
20
79
42
714
193
7
345
12
41
79
963
319
15
412
1
12
83
1 196
552
19
403
28
102
34
573
139
29
287
11
13
51
1 175
503
13
189
4
14
30
890
271
25
316
11
45
117
497
124
41
131
14
90
61
1 002
256
14
280
11
104
151
2,336
Noncorporate, total 9
- do
1,802
U S Government
do
524
State and municipal
. _ do
New corporate security issues:
1,608
Estimated net proceeds, total
._
_.do __
Proposed uses of proceeds:
1,525
New money, total
do
1,390
Plant and equipment
do
135
Working capital
do __
47
Retirement of securities
do
35
Other purposes
_-do _
State and municipal issues (Bond Buyer):
Long-term
_
__ __ thous. of dol__ 524, 355
272, 890
Short-term
do
5,731
4 269
798
1,447
368
877
2,086
1 411
554
1 226
418
631
767
369
389
1 022
352
647
2 187
1 461
439
910
324
459
898
370
448
mil. of dol
do _
do
do _
do
-
do
do__
-do
do
do
do
do
5,r 618
724
' 126
'36
r
1, 843
'481
234
55
457
151
47
21
'35
24
'63
226
' 116
656
100
10
336
7
10
107
4, 894
3 971
' 1, 362
1, 266
885
'169
r
19
'302
r
r
r
639
' 770
'132
'4
' 191
420
881
443
637
1,213
699
948
1 174
563
1 159
873
489
985
r
869
' 754
640
1,037
885
152
72
104
532
439
93
99
68
709
572
137
67
172
1 026
877
149
72
76
518
424
93
25
20
1 038
635
403
15
106
739
508
231
15
119
424
308
116
11
54
845
592
253
72
69
'794
r
490
r
304
'600
'461
' 139
539
405
135
9
92
797, 617
356, 990
876, 838
353, 774
553, 658
263 860
631, 365 389 004
288 907 423 300
647 477
369 359
439 391
231 298
458, 783
414 697
448 393
242 808
639 272
189 716
322
2,869
985
2,051
312
2,997
979
2,052
324
3 168
1,047
2,398
332
3,152
1,103
2 002
345
3 231
1,119
2 075
346
3 311
1 140
2 025
346
3,369
1, 148
2,133
357
3 431
1, 159
2,306
374
374
379
3 452
1 226
2 221
3 410
1,196
2 186
3 458
1 258
2 195
'29
46
'9
' 145
880, 865 '636 829
427 682 '294 892
889 901
496 860
SECURITY MARKETS
Brokers' Balances (N. Y. S. E. Members
Carrying Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)
Customers' free credit balances
Money borrowed
_ _
mil. of dol_do _
do
do
312
2,776
954
1,990
331
3,170
1,080
2 208
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.),
97.50
96.87
total §
_
_ _
dollars
97.78
92 47
96 82
91 74
91 28
95 69
92 32
91 77
90 99
91 60
97.74
97.12
97.04
98.03
Domestic
do_ ._
95.89
92 63
91 41
92 47
91 92
91 90
91 72
91 12
79.79
Foreign.. .
do
80.39
80.64
80 80
81 11
80 72
80 88
81 46
80 92
80 95
82 14
81 67
Standard and Poor's Corporation:
Industrial, utility, and railroad (Al+issues) :
105.3
105.0
105.5
Composite (21 bonds) <?
dol. per $100 bond-105.5
104.2
98.6
98.9
102.0
98.8
98.7
98.1
98.0
107.9
110.0
111.0
Domestic municipal (15 bonds)
do ._
110 8
102 3
102 3
103 7
100 6
108 0
101 8
100 9
102 2
96.34
98.23
97 94
97 17
91 51
94 78
89
36
XI. S. Treasury bonds, taxable©
- -do
89 51
90 13
88 90
87 54
87 38
Sales:
Total, excluding U. S. Government bonds:
All registered exchanges:
Market value
. _ _ thous. of dol 148, 045 120, 171 119 914 123 517 121 140 120 651 122 594 161 393 157 707 165 314 173 645 144 550
143 165 127 627 124 411 129 333 126 294 127 385 126 495 156 838 146 107 158 556 173 744 139 007
Face value
do
New York Stock Exchange:
146, 703 118, 129 118,070 121, 728 119, 247 119, 220 120 972 158 973 155 965 163, 671 170 334 142 666
Market value
do
Face value
_ _ _ _
_ _ do _ 141, 614 125, 249 122 367 127, 603 124 171 125 769 124 673 154 274 145 264 156 751 164 981 137 114
New York Stock Exchange, exclusive of stopped
sales, face value, total§
thous. of dol_. 95, 197 116, 482 106, 176 113, 936 113, 220 106, 733 119, 875 137, 703 130, 267 135, 872 148 943 121 667
5
1
o
0
o
0
0
0
0
0
0
U. S. Government
.do
100
95, 197 116, 482 106, 176 113, 936 113, 220 106, 633 119, 875 137, 703 130, 262 135, 872 148 942 121 667
Other than U. S. Government, total§
do
90, 058 111,368 101, 236 107, 332 106, 551 101, 128 114, 465 131 844 124 296 129 349 142 361 114 413
Domestic.
do
Foreign
do
4,941
5,140
5,408
5,090
6,637
5,859
6,598
5,506
5,966
6. 523
6,' 577
7,' 254
r
Revised.
v Preliminary.
JRevisions for electric utilities for 1955 and 1956 appear in the July 1958 SURVEY. Revisions for securities issued (SEC) for January-March 1957 will be shown later.
9 Includes data not shown separately.
§Data for bonds of the International Bank for Reconstruction and Development, not shown separately, are included in computing average price of all listed bonds.
cf Number of bonds represent number currently used; the change in the number does not affect the continuity of series.
©Prices are derived from average yields on bapis of an assumed 3 percent 20-year bond. Comparable data back to January 1957 appear in the July 1958 SURVEY.
98.2
103 4
87 37
199 318
17^ 922
196 941
173 466
97.0
1Q9 9
86 91
SUEVEY OF CUEEENT BUSINESS
S-20
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
Mav 195i>
1958
March
April
May
June
July
1959
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
FINANCE—Continued
SECURITY MARKETS— Continued
Bonds — Continued
Value, issues listed on N. Y. S. E.:
Market value, total, all issues § _
mil. of dol— 114. 816
Domestic
- do _ _ 112, 566
1,365
Foreign
do
115,751
113, 456
1 383
116,027
113, 688
1 416
118,287
115, 802
1 4°3
116,425
113,955
1 4^5
110, 165
107, 683
1 462
107, 711
105, 251
1 448
108, 045
105 549
1 461
109, 238
106, 718
1 481
105, 866
103 266
1 475
106, 401
103 768
1 515
107 215
104 573
1 525
118 720
116 075
1,721
11^ 662
115 976
1, 756
122 178
119 338
1,762
121 673
118 836
1, 756
119 336
116 455
1,795
117 407
114, 527
1,794
117 734
114 831
1, 805
118 133
115 204
1 829
115 981 116 934
112 965 113 883
1 823
1 855
117 052
114 009
1 856
4.02
4.00
3.98
4.02
4.17
4.39
4.42
4.40
4.38
4.41
4.43
4.40
4.47
3.60
3.78
4 01
4.67
3. 57
3.78
4 02
4.62
3. 57
3.78
4 00
4.55
3.67
3.83
4.04
4.53
3.85
3.98
4 19
4.67
4.09
4.20
4 40
4.87
4 11
4.21
4 45
4.92
4 09
4.21
4 43
4 87
4
4
4
4
4
4
4
4
4
4
4
4
14
24
43
89
4 13
4.23
4 40
4.85
4 23
4.32
4 45
4.86
3.83
3 90
4.32
3.80
3 89
4.30
3 77
3 88
4.28
3.81
3 94
4.30
3.94
4 16
4 42
4.24
4 41
4.52
4.25
4 46
4 56
4 23
4 40
4 56
4 24
4 39
4 52
4 28
4 43
4 53
4 31
4 46
4 51
4 28
4 43
4 51
4 35
4 49
4. 56
2.91
3.31
3. 12
2.92
3.25
3.14
3.05
3.26
3.19
3.13
3.45
3.36
3.52
3.74
3 60
3.54
3.96
3.75
O
3.94
3.76
3.30
3.84
3 70
3 40
3.84
3 80
3 45
3.87
3 90
3 29
3. 85
3 92
3 33
3.76
3 92
3. 50
3.84
4.01
780.4
145. 9
270. 0
88
311.2
68 9
124. 6
2 8
1. 742. 5
118 8
1, 154. 7
118 0
806. 6
164.8
271.2
321.0
73 6
123.9
2 3
1. 723. 1
119.2
1. 143. 2
110.7
819.5
1 73. 3
271.8
8.5
314.1
79 0
117 4
2 5
2, 139. 0
268 9
1. 337 5
141 0
873.7
192 3
269 6
78
387.1
134 4
118.0
25
1, 798. 6
123 7
1, 184 6
105 4
810.7
156.2
275. 8
8.5
166. 6
99.1
21.3
62.9
58
1.3
88.8
2.7
15. 0
7 1
69.2
150. 2
61.8
41.4
28 4
173. 2
99 9
18.7
64. 3
7.0
14
91.1
14.4
85
71.6
151. 3
59. 0
41.5
26 6
174.4
100. 5
19.4
65.4
6.2
13
91.5
2.8
13 2
6 4
73 4
161. 7
73.8
50 8
31 9
175 1
100 5
29.8
88 2
10 4
14
93.4
6. 1
23.1
8 2
72 1
156 6
81.2
45 0
30 0
175.8
105. 7
21.0
60. 2
7. 5
5. 32
5 80
2 50
3 33
3 75
4.07
5.30
5 77
2 50
3.29
3 75
4. 07
5. 30
5 76
2 50
327
3 75
4.07
5. 28
5. 74
51
3.27
3 75
4.07
5.26
5 71
9 51
3 27
3 76
4.07
5 25
5! 71
2 51
3. 25
3 77
4.07
5.27
5. 69
2 51
3.32
3 77
4.07
5.22
5 63
2 52
3 35
3 77
4.07
5.24
5 64
2 57
3 40
3 77
4.23
5.27
5 68
2 59
3 40
3 78
4 23
5. 35
5 72
2 59
3 40
3 78
4.23
5. 35
5 72
2 59
3 40
3 81
4. 23
5. 39
5 75
2 60
3 40
3 81
4.23
118.75
134. 17
54. 1 6
48.11
122.35
138 30
56. 05
52. 22
] 24. 05
139 97
56 78
54. 25
127.67
] 44. 74
57. 74
55. 29
1 32. 89
151 57
58. 21
60. 1 6
134.46
1 53. 48
57 20
61. 12
141.29
161.34
59. 38
66. 43
144.82
165. 03
61. 08
69.12
147. 66
168. 37
62.18
72.71
156. 81
177 75
66 37
73.89
156.98
176 93
66. 66
74.82
156.96
175.43
67. 40
75. 48
155. 86
174. 47
68. 12
73.93
163. 87
184.82
67. 24
76. 95
4.50
4. 35
4 54
6 92
4.71
3.08
4. 35
4. 19
4 46
6 38
4. 76
3.08
4.^7
4. 12
4 40
6 06
4. 58
3.08
4. 1 5
3. 98
4 33
5 91
4 53
2.99
3.97
3.79
4 31
5 44
4. 54
2.94
3.91
3.72
4 39
5 35
4 43
2.97
3.72
3. 54
4 23
4.89
4. 15
2.98
3.64
3.45
4 11
4 80
4.14
2.75
3.54
3. 34
4 05
4 61
4.09
2.68
3 34
3.17
3 87
4 60
4 00
2 54
3 36
3. 21
3 89
4 54
3 92
2. 51
3.41
3. 26
3 84
4 50
3.69
2.48
118, 525
Face value total all is°>ues §
do
115,903
Domestic
do
1,711
Foreign
_
do
Yields:
4.04
Domestic corporate (Moody's)
percent—
By ratings:
3. 63
Aaa
- do
3.78
Aa
do
4.06
A
do -_
4.68
Baa
_
_
do_ —
By groups:
3.86
Industrial
do
3.95
Public utility
do
4.30
Railroad
. . do...
Domestic municipal:
3.02
Bond Buyer (20 bonds)
_
_ do
3.45
Standard and Poor's Corp. (15 bonds)
do
3.25
U S Treasury bonds taxable O
- -- do
OQ
08
18
42
85
12
22
43
87
Stocks
Cash dividend payments publicly reported:!
Total dividend payments
mil. of dol._ 1, 762. 7
116. 0
Finance
do
1, 177. 8
Manufacturing
do
119.0
M'inin0'
do
Public utilities:
66. 7
Communications
do..—
147. 2
Flectric and gas
- do
61.8
Railroad
"
do___
43. 6
Trade
do...
30.6
ATisoollaneous
do
Dividend rates, prices, yields, and earnings, common
stocks (Moody's):
5. 34
Dividends per sfiar.v
annual rate (200 stocks) .dollars..
5.83
Industrial (125 c tocks)
do
2 46
Public vtilitv (24 stocks)
do
3. 33
Railroad (25 'stocks)
do
3 75
Bank (15 stocks)
do
4.07
Insurance (10 stocks)
do
Price per share, end
of month (200 stocks) 9 .--do
Industrial (125 c tocks)
do
Public utility (24 stocks)
do___
Railroad (25 stocks)
do
Yield (°00 storks)
Industrial (125 stocks)
Public utility (94 stock-)
Pailroad (25 "stocks)
Bank (15 stock5)
Insurance (10 stocks)
percent
do
do
do
do
do
Earnings per share
(at annual rate), quarterly:
Industrial (125 c tocks)
dollars
Public utilitv
(24
stocks)
do
Railroad (95"stocks)
do
Dividend yields, preferred stocks, 14 high-grade
(Standard and Poor's Corp )
percent. _
Prices:
Dow Jones & Co., Inc. (65 stocks)
dol. per share..
Industrial (30 stocks)
do __
Public util'tv (15 stocks)
do
Railroad 0?0*stocks)
do
Standard and Poor's Corporation:
Industrial, public utilitv, and railroad :c?
Combined index (500 stocks)
1941-43=10-
r
3 50
1. 16
7 20
3 53
3 50
0
r
1
_
r
8. 10
3.60
9.09
4.42
4.37
4.31
4. 28
4.36
4.45
4.58
4.64
4.65
153. 74
446. 90
75 75
106 86
159. 15
460. 04
77 65
113. 73
163. 12
471.97
78 64
117.68
1HS. 87
48S. 28
79 64
124. 78
174. 55
507. 55
78 71
132 32
179.36
521.82
80. 06
136. 96
186. 56
539. 85
82.07
146. 52
193. 59
557. 10
85. 56
153. 80
42.11
42.34
43.70
44. 75
45. 98
47.70
48. 96
50.95
52. 50
44.97
Industrin.1, total (425 stocks) 9
do
43. 60
Capital goods (1^9 stocks)
do
32 35
Consumers' o'oods (196 stocks)
do
34. 57
Public utility (50 stocks)
do
22. 60
Railroad (25 stocks)
_ do .
Banks :J
20.21
N Y City (12 stocks)
_ __
do
39. 56
Outside N. Y. City (17 stocks)
do
27.49
Fire insurance (17 stocks)
do_ ._
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
2,352
Market value |
. __
mil. of dol—
79 417
Shares soldi
thousands
On New York Stock Exchange:
2,044
Market value!
mil of doL
56 673
Shares soldi
thousands
Exclusive of odd lot and" stopped sales (N. Y.
Times)
. ..
thousands.. 46, 675
Shares listed, New York Stock Exchange:
207 795
Market value all lasted shares
mil of dol
4 852
Number of sliares listed
millions
45. 09
42. 61
32 78
35. 54
23.20
46. 51
43.86
34 18
36. 57
24.74
47. 62
45.17
34 78
37. 31
25. 54
48. 96
46.92
36. 01
37 82
26. 86
51.00
49. 75
37 44
37. 50
28.43
52. 40
51.34
38.90
37.97
29. 51
54. 55
53. 60
40. 65
39. 15
31.23
56.11
55.20
42.47
40.75
33.07
20. 26
40.17
27. 36
20. 54
40. 96
27.51
21.23
41.44
28.16
21.24
41.94
28.38
21.47
42.62
28.72
22.54
43. 98
28.54
23.28
45. 25
29.49
2,361
81 569
2,748
97 823
2,771
93 976
3,322
110,944
3, 350
115 724
3,442
115, 052
2,019
58 502
2, 319
69 192
2,340
65,812
2,829
80, 233
2,895
83, 502
2.922
80. 695
69, 496
62, 373
71, 972
95, 987
74, 366
75, 018
234 507 237, 509
4,903 j 4, 906
248, 388
4, 916
255, 117
4,933
261, 828
4,959
276, 665
5,017
50, 305
54. 179
56,618
914 040
4, 861
218 773
4 870
224 904
4, 883
3 29
3.11
3 87
4 42
3 9S
9 5-
10 25
3 70
4 U
10 70
3 63
9 52
152.79
450. 14
73 23
104.75
3.43 '
3.28
3 80
4 60
3.95
2.53
4. 54
4.52
206. 21
592. 29
91 66
163 87
205. 02
590. 72
91 03
161.69
53. 49
55. 62
54. 77
56. 15
57. 10
57.09
56. 84
43. 31
42. 05
33.70
59. 30
58 98
44 65
43. 96
35. 53
58. 33
59. 33
44. 23
43. 71
35. 20
59.79
61. 67 \
45. 10 1
45. 06
35. 47 i
60. 92
62. 10
45 87
45. 12
35. 94
23. 55
46. 68
31.83
24. 03
48. 16
33.42
24. 56
50.35
34.96
25. 23
50. 08
34.78
26. 30 i
52. 09 !
35. 60
24. 70
51. 37
34.22
4, 823
161, 286
3,991
130 626
4, 368
146, 227
4,982
166, 968
3, 790
133, 963
5, 307
186 209
4,172
118,112
3,407
91, 504
3, 682
96, 124
4, 195
105, 627
3,143
80, 357
4, 330
108 433
83, 253
65, 793
82, 450
280, 826
5, 075
282, 105
5,089
4.63
196.
566.
88
155.
91
43
09
00
r
4.48
4. 51
210. 19
212. 12
609. 12
616. 99
93 68
92 58
162. 56 i 165. 30
75, 887
••Revised.
? Preliminary.
i Includes $2.71 retroactive mail pay increase.
§Include bonds of the International Bank for Reconstruction and Development not shown separately; these bonds arc included in computing the average price of all listed bonds shown on
p. S-19.
OFor bonds due or callable in 10 years or more.
t Re visions for 1955-November 1957 will be shown later.
9 Includes data not shown separately.
d1 Number of stocks represents number currently used, the change in number does not affect the continuity of series.
IData not shown in 1957 BUSINESS STATISTICS: indexes prior to August 1956 are available upon request,
JRevised to exclude sales of rights and warrants. Comparable data prior to May 1957 will be shown later.
SURVEY OF CURRENT BUSINESS
May 10?>!)
S-21
1958
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
March
May
April
June
1959
DecemAugust SeptemOctober November
ber
ber
July
January
February
March
April
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
BALANCE OF PAYMENTS (QUARTERLY)]:
Exports of goods and services, total
mil.
Militarv transfers under grants, not
Merchandise, adjusted, excluding military
actions©
mil
Income on investments abroad
Other services and military transactions
Imports of good^ and services total
Merchandise, adjusted© of
Income on foreign investments in U S
Militaryp expenditures
Other s rviccscf
of dol__
do
transof dol
do
do
6, 214
668
6,654
769
6, 092
4, 053
.588
905
4,186
684
1,015
3,804
698
1.042
4 164
906
1 030
do
do
do
do
do __
4, 850
3, 143
154
829
724
5. 211
3,170
130
904
1,007
5,318
3, 117
146
844
1.211
5 312
3 514
174
788
836
6, 625
548
Balance on goods and services
do -
+1,364
+1, 443
+774
+1,313
Unilateral transfers (net) total
Private
Government
do
lo
lo_ -
— 1 215
— 121
-1,094
-1.365
-125
-1,240
— 1 097
— 131
— 966
— 1 140
— 140
— 1 000
U. S. long- and short-term capital (net), total
Private
Government
Forei°"n long- and c hort-term capital (net)
Gold sales [purchases ( — )]
Errors and omissions
do
lo
lo
lo
lo
do
-795
—467
328
+415
+483
+220
-917
— 743
174
+479
+347
—82
FOREIGN TRADE
Indexes
Exports of U. S. merchandise :t
Quantity
1936-38=100
Value
- do ...
Unit value
do
Imports for consumption.^
Quantity
do
Value
do
Unit value
do
Agricultural products, quantity:!
Exports, U. S. merchandise, total:
Unadjusted
1952-54=100
Seasonallv adjusted
_ _
do.
Cotton (incl. linters), seas, adj
.... do
Imports for consumption, total:
Unadjusted
do
Seasonally adjusted
do
Supplementary imports seas adj
do
Complementary import? seas adj
do
Shipping Weight
Water-borne trade:
Exports incl reexports §
thous. of long tons
General imports
_ _ do
Value t
Exports (mdse.), including reexports, total t
mil. of dol .
By geographic regions: A
4frica
do
\siaand Oceania
_ _
. do
Europe
do
-1,248 -1,030
—218
+22
+1. 075
+73
-927
— 684
243
+238
+370
+170
'288
632
219
186
519
279
r
r
T
182
510
280
r
r
103
90
98
84
109
94
102
89
110
116
108
123
7,288
11,346
8,483
11,675
9,043
12,491
130
1,552.7 r 1,529.8
r
r
r
63. J
267. 4
395. 4
57.3
' 256. 3
r
375. 1
r
r
59. 0
261.4
436 8
r 575
216
r
r
r
r
184
509
276
216
300
650
216
300
649
216
282
613
218
191
523
273
206
562
273
193
529
274
220
599
273
257
r 554
171
* 469
354
134
167
127
r
131
' 141
99
' 155
' 140
62
94
97
107
89
96
107
121
95
89
97
114
84
94
103
110
98
107
123
111
132
9,299
14, 134
9, 293
13, 996
10,240
12, 830
149
-169
142
157
159
176
1,638.0
264
567
215
r 266
«• 179
494
276
185
T 513
278
r
145
149
155
r
266
••572
215
309
666
216
130
r 141
r
287
622
216
--
1 ,406. 3
r
r
47.4
239. 6
350. 9
T
r
r 147
r 190
r
1,415.6 >• 1,396. 4
r
r
47.0
208. 2
370. 0
r
r
46 6
218. 4
359 4
T
r
151
'127
94
r
152
' 124
67
101
116
123
112
118
107
126
99
2
9. 591
8, 890
9, 013
13. 614 2 15, 182 2 12, 944
7,031
14, 977
1,360. 9 '1.598.9
36 2
r
212 *>
r
345 0
r
r
40.5
221 0
416.2
r
142
' 133
53
103
90
106
81
1, 596. 2 1, 513. 6
1, 400. 4
1, 280. 2
1, 450. 3
46 8
250 8
384 0
58 3
248.4
366 2
36 3
227 7
304 S
62 9
263 9
355 2
73 7
247.9
412 0
T
r
r 294. 2
306. 6 r 2(58. 9
322. 1
292. 5
321.2
283. 5
Northern North America
do
'313.8
265. 9
2(52. 0
290. 3
278. 0
274.7
r
184.2
' 164.0 ' 176.6 r 163.3 r 168.4
183. 7
183. 7
182.0
1()1. 7
142.9
141 7
Southern North America..- _
._ do
136 5
166 5
T
160.0 7-171.8
South America
do
197. 1
185. 8
192 8
158 1 •' 185 5
167 1
187 3
• 199 1
170
7
144 6
205 3
By leading countries: A
Africa:
3.2
5.8
3. 6
United Arab Republic (Egypt Region), do 5,7
3. 6
4.3
5 Cl
4.3
3 2
37
»4
4 5
3 5
18.2
Union of South Africa
do
27.1
20. 0
27.9
15. 4
2(5. 8
19 1
12 7
18 0
19 6
17 5
17 8
14 6
Asia and Oceania:
12.6
14.6
Australia, including New Guinea. do
17.8
16 0
22 9
15 2
15.6
12 7
18.4
21 4
15 3
139 3
14 2
3.2
2.8
2.3
2.9
21
Colony of Sincaoore
__do.... .
1 7
20
23
l.f>
I 8
2 2
2 4
0
T
34.6
26 8
45. 8
22.7
32 3
36 8
51 2
India and Pakistan
do
27 8
36 9
51
7
38 5
39 0
38 2
r
r
r
r
79
C/
r
51
3
73
5
79
g
Japan
do
71 7
67 3
67 8
83 2
64 1
59 9
67 3
85 0
3.8
8.4
4.8
4 ()
4. 1
Republic of Indonesia
do
33
3 5
4 8
35
50
3 6
r
26.
8
'
21.
8
21.8
28. 1
1 7. 9
34.2
24. 0
Republic of the Philippines
do
22.1
27.9
16. 5
25 0
23.7
16. 6
Europe:
T
r
r
r
Franco.. _ _ _ do _
38. 5
31.7
35. 9
32 1
42.7
24 6
47.3
33 3
31 6
K 4
27 5
33 2
23 2
2
(i)
1
(!)
o
o
r \
(i)
0
0
East Germany _
do
0
0
0
r
r
r
T
58.4
West Germany
do_ ._
54.1
58.6
65. 4
61. 1
63. 5
r 67. 8
62. 2
52. 3
53.8
56. 5
62.7
52. 0
r
r
Italy
__ _ .
do-._
49. 4
43. 4
41. 7
45.5
43 5
42 3
36 4
35 0
34 7
35 9
34 5
35 3
25 7
1
6
.1
6
i
Union of Soviet Socialist Republics
do___
1.5
.3
!
9
.1
1.
4
0)
(0
(0
C
)
C)
r
United Kingdom .. . .
. _.
do, 53.4
64. 5
58.3
* 55. 8
58 3 ! •' 74 3 ;
85 5
62.7
102. 1 |
81 8
67 0
50 9
61 8
North and South America:
r 306 5
r 313 g
r 2QQ 3 i 322 1
9-g o
r 294 2
r 2()8 9
974 7
2Q2 5
9fp 0
Canada
do
265 8
283 5
321 1
r
r
r
Latin American Republics, total 9
do
360. 7
351. 0
360. 5
305. 9
' 327. 5 r 337. 2
344. 6
325.6
307. 4
293.0 r 260. 5
289. 0
350. 5
23 2
16 4
10 8
20 4
Argentina
do
17 5
18 8
26 5
26 4
18 8
18 1
13 2
30 6
153
r
49 5
44. 9
44 2
34 9
Brazil
do 46 3
46 0
39 5
39 9
45 0
41 6
58 1
46 2
29 1
r
Chile
do
15 6
12 7
15 8
9 0
10 2
11 2
15 3
13 8
10 5
10 4
10 7
10 8
11 1
]9 g
14 4
14 5
Colombia
do
17.6
16 4
14 2
16 2
15 6
16 4
15 0
13 9
15 4
14 2
r
53 i
r 42 3
48 2
44 9
40 9
43 4
Cuba
do
42 2
43 2
45 7
40 5
32 7
31 1
32 8
r
Mexico
do
80 5
87 9
72 8
81 8
82 6 l
61 5
60 8
68 7
73 3
57 8
71 8
59 9
55 6
'•73.0
74.8
61. 7
Venezuela
_ _ _ ._
do
75.3
55. 8
71.6
60.0
54. 1
64.5
63.' 0
69. 5
55. 8
60. 9
1
2
Revised.
* Preliminary.
* Less than $50,000.
Corrected. Also, November 1957 imports should read 12,117 thous. long tons.
{Revisions for balance of payments for 1919-56 appear in the 1958 Balance of Payments Supplement. Revisions for following periods will be shown later: 1st qtr. 1957 for balance of payments; January 1956-February 1958 (general revisions in both exports and imports); July-December 1955 and January-May 1954 (total exports and certain components only); also for 1941-54,
private relief shipments of food products, formerly included with finished manufactures, have been shifted to the manufactured foodstuffs class.
©Adjusted for balance-of-payments purposes, mainly for valuation, coverage, and timing.
(^Excludes military expenditures.
f Revised series; see similar note in September 1958 SURVEY.
§Excludes "special category" shipments and all commodities exported under foreign-aid programs as Department of Defense controlled cargo.
fData include shipments (military and economic aid) under the Mutual Security Program. Total MSP military shipments (including, since early 1956, also "consumables and construction" shipments) are as follows (mil. dol.)- March 1958-March 1959, respectively—114.5; 121.7; 131.4; 98.7; 129.0; 113.2; 121.6; 181.3; 188.5; 135.0; 114.5; 96.7; 81.2.
AExcludes "special category" shipments.
9Includes countries not shown separately.
SUEVEY OF CUEEENT BUSINESS
S-22
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
May 1959
1958
March
May
April
June
July
1959
DecemAugust SeptemOctober November
ber
ber
January
February
March
1,441.3 -
April
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Valuet— Continued
Exports of U. S. merchandise, total!
mil. of dol__
By economic classes:
Crude material? _
do
Crude foodstuffs
do
Manufactured foodstuffs and beverages
do
Semimanufactures 9 -- --- - -do _
Finished manufactures 9
do
By principal commodities:
\gricultural products, total©
- do
Cotton unmanufactured
Fruits vegetables and preparations
Grains and preparations
Packinghouse products
_ __ _
Tobacco and manufactures
Nonagricultural products, total©
\utomobiles parts and accessories
Chemicals and related products§
Coal and related fuels
Iron and steel-mill products
Machinery total§©
1,515.5
- 192. 0
' 981. 1
174.7
- 104. 7
92.8
- 187. 1
- 956. 2
r 101.6
1 ,394. 3
1,401.9
1,382.0
1,351. 1
1,584.1
1, 581. 6
1, 493. 6
1, 384. 8
1, 226. 0
- 188. 4
- 110.6
r 207. 6
1,016.4
175.5
-112.6
r
103.4
-168.4
r
834. 5
- 183. 5
- 104. 7
-88.2
169.2
- 856. 3
160. 4
120.0
77.3
186.5
- 837. 7
160.7
108.8
88.7
-r 182. 6
810. 2
199.1
- 114.6
104.4
222.4
- 943. 5
195.8
109.0
87.9
213.4
975.6
161.4
124.1
90 9
191.9
925.2
143.4
130.0
78.6
189.2
843.6
113.3
107.8
65.8
175.8
803.3
134.0
120.1
76 7
191.9
918.6
r 100. 3
-315.7
- 344. 7
- 327. 5
- 314.9
293.4
297.2
- 357. 6
341.8
337.5
310.0
249.5
292 0
70.4
35.7
-92.7
20.0
31.3
73.0
28.9
' 76.6
34.4
r
95. 2
21.2
25.7
61.5
37.7
r 112.0
r
17.7
30.9
- 63.9
30.9
- 109. 7
19.7
32.0
28.4
28.2
120.4
-17.8
36.3
30.2
31.6
110.4
18.9
52.6
-25.2
40.4
- 117.1
22.1
71.3
45.6
28.8
109. 5
24.2
47.8
39.8
28.7
119.5
19.1
43.0
30.0
23.4
130.1
23.7
26.4
26.5
24.5
104.7
20.0
18.8
36 3
27 3
118 6
21 4
31 8
do
1,224.7
1,199.9 ••1,278.7
1,066.8
1,087.0 -1,088.6
do
do __
do
- do _
do
do
- mil. ofdol
r 112.1
16.0
21.8
1,053.8
1, 226. 5
1, 239. 8
1,156.1
1, 074. 8
1,016.4
1 149 3
121. 3
- 120. 1
39.8
66.6
122.2
114.2
46.1
'65. 6
131.5
127.9
46.0
61.9
99.7
113.3
50. 5
44.4
92.6
109.2
45.4
42.1
84.1
- 109. 5
55.6
- 42.7
- SO. 4
- 106. 1
47.9
r
45. 9
97.3
119.9
47.6
60.1
114.9
117.9
42.7
57.5
127.7
113. 5
31.8
44.6
104.0
115. 2
34.3
45.1
104.2
116.6
25.6
44.0
118 0
122 2
29 9
51 0
- 364. 0
r 346. 5
368.2
-319.0
-312.0
- 298. 8
- 289. 3
-316.1
319.8
313.9
287.8
291.2
326 9
13.2
31.5
r
88. 5
27.8
MS6.6
13.9
29.9
'87.1
28.1
174.1
14.8
31.6
88.7
35.4
181.4
10.9
29.1
-79.2
28.7
r
157. 7
10.3
28.5
80. 2
- 28. 6
' 151.8
8.7
23.2
76.2
27.7
150.3
8.1
22.5
80.2
22.5
- 142. 3
7.9
24.1
89 2
27.6
152.7
8.1
18.2
91.7
33.2
154.9
8.3
17.8
92.8
35.7
143.0
8.5
22.3
70.1
29 3
142.9
10.8
25.8
71.9
25.4
142.3
14 1
31 7
81 2
27 1
158 1
- 50. 9
62.6
'49.4
52.8
-38.2
43.8
50.4
40.4
52. 9
46.9
44.7
46.7
49.0
54.8
51.0
49.5
39.4
47.7
40.8
44.5
35.7
42.8
39 9
53 4
- 950. 2 - 1,074.0
r
45.2
59.1
-1, 071.0
57.8
180. 5
* 258. 6
215.4
Northern North America
do
- 157. 8
Southern North America
do
r
181.9
South \merica
do
Bv leading countries:
Africa:
.3
United Arab Eepublic (Egypt Region) _ _ _do
10.4
Union of South \frica
do
Asia and Oceania:
10.8
\ustralia including New Guinea
- do
2.0
Colony of Singapore
- - do
24.1
India and Pakistan
do
- 51. 5
Japan
- do
16.0
Republic of Indonesia
do
25.7
Republic of the Philippines
-- do _ _
Europe:
- 18.9
France
do
.1
East Germany
- _
_ _ d o ___
52.4
West Germ an v
do
19.5
Italy
"
do _ _ _
1.5
Union of Soviet Socialist Republics. _ _ . _ do
74.8
United Kingdom
-_ do
North and South America:
-- -- do
do
do
215 4
1.141.8
1,089.0
1. 253. 4
1, 154. 2
1, 118. 1
- 41. 1
184.2
286.1
25 7
- 181.5
-251.3
38.0
178.3
285.3
46.2
193.7
319.8
35.9
181.6
316.1
53. 5
209.8
353. 6
43.6
216. 7
339.6
47.9
198.1
312.4
59 7
240 7
370 6
235. 1
151.0
- 184. 5
210.0
r
110.3
- 171.4
- 257. 9
125. 7
- 188 7
252 2
120.2
209 7
230.0
123.3
202.1
233.0
161.1
242.5
184.9
163. 7
205.7
193.9
160.8
205.1
227 9
175 1
226 9
1.7
9.3
6.0
7.3
.6
4.3
2
8 2
.1
8 4
.3
5 2
3
10 7
4 5
7 8
10 6
6 6
9 0
9.1
2.9
13.1
- 52, 0
18.1
25.9
7.2
1.5
15.3
- 60. 5
9.9
30.7
4.6
2.3
14.6
60.8
11.4
24.5
4 3
2.7
18.8
55.4
15 3
22.2
8 4
4 1
14.6
64 1
18 4
20.5
5 4
2. 9
16.3
62 3
14 1
21.4
10
4
20
66
16
15
91 7
28. 5
.8
- 54.3
23. 1
3.4
- 78.8
- 24.2
1.1
48.8
23.2
2.0
- 60. 3
23 7
.1
55 8
20 1
1.9
78 0
31 5
- .9
57 2
33 2
2.3
82 8
30 0
.2
57 3
26.1
.8
84 3
36 2
.6
65 5
31 9
.6
84 3
32 1
.4
65 2
26 8
4.2
82 0
229 6
292 7
11 94
51
13 2
31 4
34 2
35 3
75 0
1 153 3 1 084 8
354 1
17 1
69 4
19 3
25 9
35 9
43 2
87 5
1 229 1
313 7
120
1,056.8 - 1 ,060. 9 - 1,031.3 - 1,049.1
62.1
- 196.2
- 257. 6
-
1,623.3
r
- 315. 2
Agricultural
_ _ _ do_ _
Tractors parts and accessories
do
Electrical
_ _ . do ~
Metalworking§
do
Other industrial
- - - - do
General imports, total By geographic regions:
\frica
A^ii and Oceania
Europe
178.3
-86.9
do
do
do
do
do
__ _ _ _ - do _
Petroleum and products
Textiles and manufactures
1,539.9
r 45. 7
- 45. 5
175. 1
r 270. 5
r 185. 6
- 246. 8
r 207. 4
171.5
r
181.0
r 219. 7
156. 6
- 193. 3
- 235. 4
- 144. 3
- 173. 7
.5
8.6
.6
-7.9
6.9
2 7
18.0
50. 0
13.1
25.5
10.8
2.2
17.4
49.4
14.3
r
r
r
r 26. 1
22. 5
.3
52.0
19.9
1.1
64.7
r
_ 7
- 48.1
19.5
.4
- 59.8
r
- 207 3
- 314. 1
r 303. 7
Latin American Republics, total©
do
12.4
11.8
Argentina
do __
r
35.0
46 2
Brazil
do
12.8
- 14. 6
Chile
do
28.6
21.0
Colombia
do
52 9
48 8
Cuba
do
41.2
51.2
Mexico
do _ _
- 74. 8
- 71.0
Venezuela
do
-"1,064.4
- 1,046.8
Import? for consumption, total _
- - mil. ofdolBy economic classes :&
r
T 228. 3
218 2
Crude materials
do
170 4
182 7
Crude foodstuffs
do
126. 7
128.3
Manufactured foodstuffs and beverages
do —
T
228 5
211 1
Semimanufactures
do
309.
0
308. 2
Finished manufactures
do. _
By principal commodities:^
339. 4
348. 2
Agricultural products, total©
do__.
Cocoa (cacao) beans incl shells
__do. _
20 4
15 6
93.0
Coifee
_
do__
116. 5
Hides and skins
__.
___do__
4.2
6.4
- Rubber, crude, including guayule
do___
21.9
18.6
Sugar
do___
54.9
50. 9
Wool and mohair, unmanufactured
do___
16.4
15.5
Nonagricultural products, total©
___do. _ * 725. 0 - 698. 7
Furs and manufactures _ _ _ _ _ _
. _ do. _
6.4
7.7
Nonferrous ores, metals, and mfs., t o t a l © - d o _ _ _
100.3
99.5
26.2
Copper, incl. ore and manufactures
do-__
26. 5
Tin, including ore
do_ 10.8
9.2
Paper base stocks
do___
23. 6
25. 6
Newsprint.
_.
do _
48.7
53. 1
Petroleum and products
do
137.1
127. 1
22.2
.3
51. 1
18.7
2.1
71.8
r
r
T
935 o
- 219 7
235 3
r
313. 2
- 280. 3 - 292. 4
13.7
8.0
10.0
r
58 1
47 7
35 6
12.1
8.7
10.3
r
26.5
17. 1
33. 1
43 8
51 8
50 9
30.4
47.8
34. 5
r
69.2
- 71.9
- 74 2
1,051. 1 - 1,013.6 -al,043.8
209 4
- 248. 2
8.7
36 2
13.3
29.1
- 39 9
25.0
- 64. 5
- 961.4 -
- 276
11
44
11
30
44
30
- 68
1 071
r
r
r 257 7
0
2
3
8
3
3
8
7
7
252
289
11
49
13
36
32
32
1
7
4
9
7
5
7
6
6
1
7
3
4
5
10
3
20
66
17
19
8
6
3
6
6
9
A'2 Q
220. 6
- 134 2
133.2
- 216 6
- 308. 9
- 214 1
- 146 7
147.1
T 218 8
- 350. 6
- 220 1
120 4
- 119.4
- 197 8
- 303. 7
- 238 8
137 3
131.1
- 236 8
- 327 8
944 5
173 0
130.3
°41 2
364 2
229 7
159 5
128.6
219 4
354 6
266 6
192 6
128.3
259 9
381 7
262 7
145 4
120.1r
- 289. 4
'342.3
13 8
13 4
76. 5
118 8
5.0
4.6
16. 3
13.7
52.1
43. 9
10.4
11.8
- 708. 8 - 724. 2
4 4
3.7
94.3
88.0
18.2
29.1
9.6
13.0
22.7
27.8
52 8
51 7
119.8 ! 141.2
-313.2
12 5
87 2
5.2
12.3
53 4
10.5
- 764 1
6 0
68.4
9.8
4. 5
25.0
51 9
141 1
- 284. 6
51
73 2
4. 7
19.1
41 4
9.2
- 676 8
3 6
57.6
7.3
7 2
25.5
46 1
123 8
302. 8
6 2
83 5
3 5
20.2
43 5
11.3
- 768 9
4 8
93.8
8.6
7 7
28.5
48 7
129 1
334.9
7 2
109 0
4 5
22.8
32 0
16.1
818 4
3 3
72.2
18.2
8 9
29.2
55 °
142 7
316. 0
7 5
100 6
4 0
22.5
30 6
15.6
768 8
3 7
74.2
19.3
6 4
27.7
55 9
135 6
369. 4
34 1
103 5
5 2
30^8
39 i
18.0
859 7
21 4
81.5
20.8
9 2
28.4
54 3
166 7
214 2
181 7
128.8
r
207 8
-318.7
12.5
11 7
22
83
12
27
28 6
34 3
60 1
25 2
70
9^
2
gq
2.9
9 f.
3.1
79 9
6
5
3
7
227 9
345 2
13 2
60 8
17 0
°3 9
43 6
53 2
91 8
1 274 0
243 8
255 7
1 7P <!
130 3
363 7
110.8
2 ~^ ^
337 6
328.4
18 3
79 6
6 4
32.7
35 9
21.3
806 1
15 1
81.3
15.3
13 1
29.5
43 2
158 5
333.8
12 7
108 2
5 5
29.5
37 6
18.7
779 5
10 0
70.7
16.2
9 5
27.2
44 2
166 7
370 8
H e
106 0
9 7
28.9r
47 >
23.8
903 1
9 8
91.4
20.8
10 2
26.7
51 7
173 4
94.9 >
OflO Q
407 7
a
- Revised.
v Preliminary.
Adjusted for difference in carryovers; detail not adjusted.
tSee similar note on p. S-21.
ISee similar note on p. S-21.
9 Data for semimanufactures reported as "special category, type 1" are included with finished manufaictures.
©Includes data not shown separately.
§Excludes "special category, type 1" exports.
cf See similar note in September 1958 SURVEY.
0
1
6
4
3
.3
1 Q*} 8
20 9
22 8
29 3
46 3
84 7
1 134 5
1 300 9
16.6
60.4
18 1
18.8
316 9
8 6
52 5
155
28 4
32 9
49 9
82 1
1 113 3
--
:::::::::
SUEVEY OF CURRENT BUSINESS
S-23
1958
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
March
April
May
June
July
1959
DecemAugust SeptemOctober November
ber
ber
January
February
March
64, 024
28 043
9 875
3, 644
2,295
April
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines
Operations on scheduled airlines:
Miles flown, revenue.
Express and freight ton-miles
Mail ton-miles
flown
Passengers originated, revenue
Passenger-miles flown, revenue
_ _ thousands
flown
do
_ do
do _.
millions.
r
59, 455
21, 904
8,629
3,274
2,003
58, 833
21, 063
8,693
3, 339
2,028
60, 353
22, 613
8,622
3,274
1,963
62, 149
22, 658
8,037
3,574
2,280
64,014
22 820
8,276
3, 453
2, 236
64, 193
28, 224
8,098
3,662
2,381
61, 693
28 187
8,189
3,432
2,100
29, 931
9,117
29, 428
9,270
28, 553
8,478
29, 667
10, 095
27, 477
8,309
30, 449
10, 474
33 940
12, 268
33 363
11, 832
17.3
17.3
116 7
59 370
29 487
1^3
3, 563
2,101
r
9
r
r
49 046
r 24 262
r
8 347
r 2 957
1,777
46 182
25 380
11 835
2,741
1,779
57 181
23 159
8 980
3,203
2,053
56,018
23 237
8. 630
3, 077
1,913
30 671
8,737
41 998
16, 154
29 420
8, 136
29 049
8,414
17.5
17.6
17 6
17.7
108 9
122 2
111 3
105 9
2 742
2 291
2,398
557
42
176
446
38
148
412
44
158
2 489
407
44
155
267
24
76
192
214
15
62
168
204
19
75
176
191
Express Operations
Transportation revenues
Express privilege payments
..
_
thous. of dol
do _.
Local Transit Lines
16.7
Fares average cash rate® _._
_
- - -cents..
683
Passengers carried, revenue©
millions
112.6
Operating revenues©
mil of dol
Class I Motor Carriers (Intercity)
Carriers of property (quarterly totals):
878
Number of reporting carriers
885, 162
Operating revenues total
thous. of dol
877, 857
Expenses, total
do
56, 268
Revenue freight carried
thous. of tons
Carriers of passengers (quarterly totals):
Number of reporting carriers
Operating revenues, total..thous. of doL
Expenses, total
do
Revenue passengers carried
thousands
Class I Railways
Freight carloadings (A. A. R.):cf
Total cars
thousands
Coal
do
Coke
do
Forest products
do
16.8
16.8
17.0
17.1
17.2
114. 1
113 9
105 4
107 1
104 5
679
685
197
19
61
191
590
875
366
21
131
2,729
467
26
169
2,489
467
23
148
695
635
3,146
560
29
192
605
17.7
673
142
139
259
20
128
641
1 102 247
1 062,336
65 724
126, 167
100, 764
63 630
2, 138
693
872
875
106, 509
94, 597
60, 532
2, 105
641
104 8
966 732
925,025
58 010
141
143
414
24
134
597
939, 824
901, 029
57, 750
83, 113
87, 205
55. 077
2,149
623
102, 303
91,471
59 118
3 135
2 570
2 733
460
28
156
477
31
161
583
42
190
214
34
221
200
264
50
210
191
291
40
174
218
2 186
467
34
135
1,109
185
230
27
149
218
1,126
1,443
1,207
1,083
1,511
1, 256
1,349
1,596
1,121
1 408
1 199
1,312
127
171
1 373
94
85
75
108
93
75
65
106
97
79
67
112
106
93
71
118
97
62
67
no
107
93
75
125
114
99
92
131
117
98
99
131
112
100
112
125
101
100
115
112
101
94
109
119
101
92
120
120
100
84
137
127
111
85
139
127
do
do
do
do
..do -
138
34
52
30
105
140
37
50
29
107
131
38
112
28
111
172
32
182
28
114
196
28
188
27
107
173
35
194
30
114
158
64
202
33
124
188
88
179
30
127
166
55
119
28
124
148
32
51
26
110
156
36
55
25
110
151
97
55
27
113
142
33
66
28
124
135
40
129
27
131
do
do
do
do
100
85
74
108
95
75
67
106
97
79
68
108
103
93
73
114
93
62
69
110
104
93
79
119
106
99
93
121
109
98
101
124
110
100
112
128
109
100
109
126
II 1
94
104
133
111
92
113
125
113
84
136
127
p 115
85
141
127
150
44
181
30
108
159
42
70
29
108
149
42
70
28
110
169
37
118
28
110
164
37
117
27
106
160
36
129
30
113
141
49
134
31
115
188
57
122
29
117
169
43
122
28
119
157
33
165
27
117
156
38
221
26
120
154
34
218
27
123
155
42
229
28
128
153
44
27
133
110,576
33 844
58, 148
124,247
37 036
67, 579
129, 834
45 808
63, 514
83, 218
39 354
29, 433
92, 047
29 034
46, 830
61, 094
17 558
28 959
33, 307
9 750
11,903
18, 030
4 266
4,738
17, 173
2 935
5. 200
35, 328
8 379
10, 918
54 397
18 73°
17 220
38 294
13 392
10' 754
29, 389
10 786
7' 286
95 745
12 111
3 726
160
31
0
19
8
0
35
6
21
614
399
183
569
525
17
1 577
1,441
2 694
2, 096
6 402
5,217
1.017
2 316
1,794
442
540
362
169
256
9Q9
25
771
628
96
1 034
537
1 439
707
251
767. 6
655 1
50. 5
623. 6
743.7
630. 8
51. 5
609.9
758.9
643. 7
53. 6
621. 4
791.6
666, 0
63 0
620.4
779 5
648. 5
65 4
627. 4
833. 6
700 0
64 ]
629.9
846.9
724. 5
52 1
630. 1
903 0
777 2
50 5
651. 2
809. 5
688 7
51 2
623 8
836. 8
684 9
66 9
656 0
784
660
57
644
100. 0
44 2
24.5
96.9
36.9
16.7
93.6
44.0
27.3
104.1
67 2
49.4
100. 5
51 6
30.9
111.9
91 8
74 5
123.3
93 6
72 7
137. 1
114 7
96 8
105. 5
80 2
63.1
103. 2
77 6
88 4
46, 592
1. 454
1,719
43, 002
1. 503
1,704
46, 335
1. 443
1,831
47,113
1 458
2,212
43, 945
1 516
2, 396
51, 174
1 417
2,368
50, 164
1 475
1,806
54, 643
1 460
1,706
50, 131
1 416
1,689
46, 661
1 488
2,205
11,680
9, 550
2,130
11,692
9,546
2,146
13,107
10, 588
2,519
12, 724
10, 430
2, 294
13, 045
10, 648
2,397
13, 606
11,227
2,379
12,916
10, 741
2 175
13, 702
11,292
2 410
12, 538
10, 357
2 181
12, 472
10, 526
1 946
4, 055
3,863
4, 072
3,911
4, 102
4 086
950
953
930
1.087
986
1.087
Revised.
p Preliminary.
©Revisions back to January 1956 will be shown later.
cf Data for May, August, and November 1958, and January 1959 cover 5 weeks; other months, 4 weeks.
GRevisions for February and March 1955 and 1956 appear in the April 1958 SURVEY.
9 Includes data not shown separately.
1 Revisions for January 1958, $16,900,000 and February 1958, deficit $10,500,000.
3 494
4 098
4 072
4 106
Grain and grain products
do
Livestock
do
Ore .
_ -_
_. . -.do
Merchandise, 1. c. 1
do
Miscellaneous. .
__
_ _
- do
Freight carloadings (Federal Reserve indexes):
Total, unadjusted- . _
1935-39=100
Coal
do
Coke
_
.
do
Forest products
___
^do _
Grain and grain products
Livestock
Ore
Merchandise, 1. c. 1
Miscellaneous. . _
Total seasonally adjusted©
Coal
- - - - - - ._
Coke
Forest products. _ _ _
_
_
_
Grain and grain products
do
Livestock
do
Ore
_ _ _
_do
Merchandise. 1. c. 1
do
Miscellaneous©..
_
do
Freight-car surplus and shortage, daily average:
Car surplus, total 9
number
"Boxcars
do
Gondolas and open hoppers
.
do
Car shortage, total 9
do
Boxcar's.__
do
Gondolas and open hoppers
do
Financial operations:
Operating revenues, total 9 - ...
mil, of dol
Freight
_ _ _ _ _ _
_ _.
do
Passenger
do
Operating expenses.
...
__
-do
Tax accruals, joint facility and equipment rents
mil. of dol
Net railway operating income
do
Net income} ._
_
__ _
_
do
Operating results:
Freight carried 1 mile
mil. of ton-miles. .
Revenue per ton-mile
cents
Passengers carried 1 mile, revenue
millions. .
Waterway Traffic
Clearances, vessels in foreign trade:
Totnl U. S. ports
thous. of net tons.
Foreign vessels.
._ __ _
_ _ _
do
United States vessels
_ .
do
Panama Canal:
Total
_
- - thous. of long tons
In United States vessels _ _
. _ _
.do ...
T
r
T
200
20
T
57
242
18
208
178
265
15
204
164
317
24
276
237
GO
949
873
988
201
18
56
156
846
3
8
0
2
857 9
734 6
51 4
103. 95
36
21 5
99.3
39 8
20 0
79 1
47. 625
1 434
1 924
45, 360
4 365
4 231
' 853
2
5
9
5
953
748
637
49
609
636
281
4 7^6
] . 055
92
S-24
May 1059
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1959
1958
March
May
April
June
July
DecemOctober NovemAugust September
ber
ber
January
February
March
April
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Travel
Hotels:
Average sale per occupied room
dollars
Rooms occupied. _
_
percent of total.
Restaurant sales index
same month 1 929 ~ 100
Foreign travel:
U 8. citizens' Arrivals
number
Departures
_ _
__do___
AJiens* Arrivals
do
Departures
._ . do_ .
Passports issued and renewed _
_ _ _ do
National parks, visits
thousands
Pullman Co.:
Revenue passenger-miles
_ _ millionsPassenger revenues _ _
__thous. of doL.
COMMUNICATIONS
Telephone carriers:
Operating revenues 9
thous of dol
Station revenues
do...
Tolls, message _ _
_ _ _ . do_ .
Operating expenses, before taxes
do
Nft operating income
_ ___ do. _
Phones in service, end of month
thousands. _
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues
thous. of dol
Operating expenses, incl. depreciation
_ do
Net operating revenues _
do
Ocean-cable:
Oporating revenues __ __
do
Operating expenses, incl. depreciation
_ _ do
Net operating revenues
do
Radiotelegraph :
Operating revenues
do
Opera tin 2; expenses, incl. depreciation, _ __ do_ _
Net operating revenues
do
8.04
67
243
8 68
69
265
8 15
68
303
8 73
69
280
109,110
113, 162
77, 174
.57, 642
75, 652
410
105, 173
117,156
77 151
60. 139
99, 054
687
117,417
134, 768
86 398
70, 774
88,168
1, 350
141,362
196, 429
91 989
86, 052
73, 251
3 095
381
5,938
359
5,585
345
5,376
397
6, 153
579. 203
333, 729
192, 665
374, 632
84, 489
56. 244
582 147
336, 933
192,266
371,723
87, 478
56, 426
19, 360
17,413
986
19,698
17, 770
1,032
19.961
18, 070
977
3,071
2 288
500
2, 854
2,213
361
3,343
3. 340
2, 705
493
PO9
9 07
65
257
8 22
54
246
8 56
67
267
864
69
262
8 28
06
941
998
437
446
529
715
297
109 133
91 980
72 553
60 408
27, 829
553
105 1°()
115.074
75 125
76 559
30, 445
378
114 610
117,916
73 596
59 826
47. 645
392
116 907
127, 525
64 870
53, 505
58. Oil
439
149 7°0
283
4. 389
305
4.726
297
4, 645
415
6, 440
370
5, 845
318
6, 130
599 589
339, 333
204 719
362 219
99 959
57, 269
601 052
343, 959
201, 615
363 844
100, 471
57, 563
619 977
35 1! 685
212 139
383 520
100 407
57, 873
602 677
348, 792
197 100
360 489
102 644
58,133
635 298
357, 897
219 084
398 769
99, 651
58, 466
624 712
357, 305
208, 774
376 929
102, 108
58, 730
610 076
354, 640
197 242
363 462
10l' 758
58, 972
19 789
18 825
94
20 981
1 8. 483
1,679
21 276
18, 873
1, 726
22 706
19, 594
2, 506
19 053
17 585
926
20 957
16 612
3.287
20 938
18, 657
1,264
19 9^1
17 275
1. 680
2, 899
2, 245
382
3,029
2, 501
247
2. 575
2 d362
40
2,830
2,211
357
3, 006
2,239
505
2, 682
2 Oil
432
3, 095
2 204
637
3,015
2,281
464
2,801
2 211
34Q
3, 395
2, 725
551
3, 578
2, 851
619
3. 588
2. 686
798
3, 645
2,837
701
3, 856
2,887
876
3,458
2, 804
560
3, 876
3. 185
619
3. 722
2. 929
668
3. 506
2,720
651
338. 8
79.2
62 4
331 4
' 80 3
326. 5
81.7
59 4
310 9
78 3
384 1
95.3
9 14
65
269
884
69
266
470
1 12
749
129
069
116
242 940
1 73, 204
111 245
91 482
46, 924
5 507
188 348
1 28, 860
111 897
79. 353
38, 039
2, 026
337
5,209
346
5,347
595 002
337, 800
03 105
370 246
93 851
57, 044
20 229
18,011
1, 335
2, 946
2 394
283
3, 508
2,814
574
589 161 590 595
338, 344 339, 292
196, 798 197,218
369, 1 77 360, 538
93, 071
97. 391
56, 635
56, 834
8 17
60
242
189
205
105
86
59
5
9
9 37
75
275
140
105
87
69
33
1
Q 11
7°
284
82 244
85. 624
585
95 319
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production: J
Ammonia, synthetic anhydrous (commercial)
thous. of short t o n s _ _ l
Calcium carbide (commercial).. _ _
do ...I
Carbon dioxide liquid gas and solid
do
i
Chlorine gas
do
'
Hydrochloric acid (100% IT CD
do
|
r
339.0
75.8
59.8
288 8
66 1
329.8
70.5
62.1
277 5
65. 6
348.2
73.5
73. 6
287 9
67. 7
336. 3
59. 7
84.7
279 6
64 3
294.7
63.4
92 2
283 4
60. 3
280.6
72 4
90 6
293 6
65 7
304.8
76. 5
75 4
304 1
66 9
326 0
81.8
70 2
335 1
76. 7
333.9
88.3
57 9
335 4
78 0
324.
92
58
335
75
242 1
Nitric acid (100% HNOs")
do
2 592
Oxwen (high puri f v)
mil of cu ft
155.2
Phosphoric acid (100%, PsOs)! thous. of short tons _
Sodium carbonate (soda ash), synthetic (58% Na2O)
373.7
'thous. of short tons
8.0
Sodium bichromate and chromate
do
333 2
Sodium hvdroxide (100% NaOH)
do
Sodium silicate (soluble silicate glass), anhydrous
46.6
thous. of short tons
Sodium sulfate (Glauber's salt and crude salt cake)
69. 8
thous of short tons
Snlfiiric add:
1,363.7
Production (100% H2SO4)
do
Price, wholesale, 66°, tanks, at works
22. 35
dol. per short ton..
Organic chemicals:^
Acetic acid (synthetic and natural), production
thous. of lb__ 40.210
71 259
Acetic anhydride production
do
o Q29
\<3<M vlsnhevlic acid (asx)irin) production
do
Alcohol, othyl:
Production
thous. of proof gal__ 42, 733
30, 444
Stocks, end of month, total
do
28, 033
In industrial alcohol bonded warehouses.. do
2 410
In
denaturing
plants
do
39, 009
Uspd for denatu ration
do
763
Withdrawn tax-paid
_ .
-do~ __
Alcohol, denatured:
Production
thous. of wine gaL_ 20, 998
20, 453
Consumption (withdrawals)
do
3, 861
Stocks end of month
do
235. 5
2, 583
157. 1
210.1
2,983
153.2
175. 5
3, 067
139.3
191.8
2 874
139.8
196 9
3 315
133.4
223 7
3 497
138.7
254 5
3 983
144. 4
258 1
3 920
144.6
^44 8
4 019
143 3
240 8
r 3 992
151.0
241 0
3 994
145. 6
267 2
340.0
6.4
322.0
346. 0
8.8
331.0
338. 4
7. 7
318. 4
345. 5
3.8
317.4
375.7
7 8
325 0
366. 7
9.8
330. 3
393.9
9.6
367 8
378.1
9. 8
374 0
361. 4
9 0
372 S
357.0
9.7
304 4
362.3
8.5
r 335 f.
416. 8
38. 6
31 6
32,8
30.3
40.0
38.7
45.8
49.7
43.6
35. 5
33.3
55. 4
60. 2
79 4
69.3
67. 9
65. 6
1. 207. 5 1,231.8
1, 259. 3
Creosote oil, production
.thous. of eal__
DDT, production
. _
_ thous. of lb__
Ethyl acetate (85%,), production .
_ .do ___
Ethvlene glvcol, production
_ . _ do
Formaldehyde (37% HCHO), production
do
Glycerin, refined, all grades:
Production
do ...
Consumption t
do
do
Stocks, end of month t
Methanol, production:
Natural
thous. of gal_. j
Rvnthetic
_ __ . do. . i
Phthalic anhydride, production
thous. of lb_. i
r
65.9
60.5
53.2
1,296 9
1,309.8
1,216.2
22. 35
22. 35
22. 35
22. 35
22.35
22. 35
40, 791
67, 258
1,910
44. 279
76. 586
1, 759
47, 906
89, 871
1 095
48. 148
80, 769
1 602
50, 791
86, 445
1 372
42.146
31,636
38, 858
37, 738
35,113
2. 624
35. 802
800
39, 339
40,413
885
44. 048
35, 551
32, 504
3,048
39, 499
898 !
34, 840
2,917
36, 320
600
21, 756
20,918
4, 436
21. 230
20,110
5, 949
19,288
19,352
5, 8G5
8, 540
11,881
6.198
89. 167
110.881
8. 509
11,351
3, 879
84, 730
98,319
8,634
12, 185
5, 764
89. 542
103, 721
18, 112
15,602
60. 416
1 5, 902
16, 391
56, 232
196
18,585
27, 340
180
16, 430
24, 090
29, 021
2, 61 5
1
15, 742
16, 383
52. 698 |
1
195
19.102
23, 904 :
6
8
3
9
8
T
r
351 8
84 0
166 9
387 2
69.4
61.3
1, 445. 9 1, 469. 2
1, 486. 3 '1,404.3
1,406.3
1, 579. 9
22.35
22. 35
22. 35
22.35
v 22. 35
53, 644
90 452
1 456
54, 087
89. 683
1 990
57,311
79. 908
1 74,5
49, 688
92 145
1 530
58, 614
90, 525
1 890
47, 290
79 951
1 387
39, 751
38 069
36,
100
9
570
38, 889
625
38, 136
30, 754
27,712
3~ 042
43 741
725
40, 470
26, 569
23, 225
3,344
41, 875
583
39,019
30, 672
27, 583
3 089
34. 173
' 581
41,576
32, 562
29, 697
2 805
39 333
035
38. 143
28', 593
26, 299
2 293
39 112
692
35, 795
31, 671
28, 771
2 900
33 474
634
42. 995
29 645
27,
127
9
518
43 267
714
19, 598
IS, 831
6. 808
20, 620
19, 549
7,794
23, 630
24, 483
6, 974
22. 647
22, 731
7, 017
18, 371
19, 399
5, 975
21, 207
22. 131
5, 1 °8
21,007
21, 723
4 449
18, 041
18, 184
4,311
23, 243
23, 507
4 107
9, 354
12, 173
6. 548
88,210
108, 888
8, 471
12 7°2
6 872
99, 151
87, 472
9.155
11,197
8. 552
88, 083
117,207
8. 520
12. 291
9, 654
89.410
134,494
11,152
12, 745
8, 681
99, 042
148, 01 1
8, 620
12,387
9, 121
85, 493
135, 807
9, 081
13, 041
7, 1 89
90, 277
128, 716
6, 917
12, 932
6. 821
97. 210
137, 007
7,423
11,422
6, 908
87, 747
129, 545
17.944
Ui, 394
49, 737
15,331
15.502
46, 324
17, VCi2
16.337
43. 087
19,354
17.224
40, 622
23,464
1 8, 997
40, 403
20, 064
16,458
40, 362
21,998
1 5. 742
42. 149
22, 000
20, 500
175
16,092 i
23. 420 '
153 !
1 7. 034
24,107 •
149
18. 268 .
21.830
149 |
135
20.151
21. 698
25. 300
27, 570
113
21,295
28. 844
142
22. 179
29, 571
158
42. 400 ~~44,~866~
r p9
$37
29. 018
21, 000
43, 100
155
20, 670 i
25, 714 '..
d
Revised.
z Preliminary.
Deficit.
9 Includes data not shown separately.
tRevisions to be published later are as follows: Inorganic chemicals, 1958 and January-July 1957 (also 1955 for phosphoric and sulfuric acid); glycerin, January-April 1957 for consumption
and January-Sept ember 1957 for stocks.
§New basis; to convert data on old basis, multiply by .3622.
a"1 Data (except for alcohol) are reported on basis of 100-percent content of the specified material unless otherwise indicated.
SURVEY OF CURRENT BUSINESS
liny 3039
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
S-25
1959
1958
March
April
May
June
July
August September
October
Novem- December
ber
January
February
March
April
CHEMICALS AIND ALLIED PRODUCTS—Continued
FERTILIZERS
Consumption (10 States)©
Exports total 9 1
Nitrogenous materials
Phosphate materials
Potash materials
_ . thous. of short tons__
short tons
do
__ do _ _
do
1,107
361, 372
40, 681
254, 519
54, 118
1, 644
480, 615
56, 565
349, 964
52, 547
1,313
440, 893
30, 582
340, 998
53, 391
901
492, 271
54, 721
389, 777
37, 403
279
534, 793
35, 378
435, 342
55, 605
200
486, 231
45, 502
391, 706
38, 256
340
477, 045
25, 558
399, 136
46, 594
435
412, 294
70, 755
300, 839
29, 577
367
396, 415
67, 836
262, 518
53, 373
329
341 , 862
64, 923
214,930
41,441
411
338, 184
53, 558
249, 661
25, 648
581
447, 716
122, 223
276, 337
30, 316
476, 844
83, 044
319, 450
62, 689
374, 303
Imports, total 9 1
do
158, 364
Nitrogenous materials, total 9
__
__do
32, 862
Nitrate of soda
do
10, 759
Phosphate materials
do _
Potash materials
.. _
___ _ _ _ _ _ do
30, 786
Price, wholesale, nitrate of soda, crude, f. o. b. cars,
port warehouses
_
_ _ dol. per short ton _.
49.75
262, 087
138, 293
39, 395
6,392
55, 731
158,349
87, 726
36, 903
8,547
7,494
139, 356
91,075
52, 527
7,169
11, 858
109. 724
73, 692
39, 458
6, 795
9,618
174, 920
107, 992
27, 279
10, 294
36, 820
234, 742
137, 158
30, 108
21,610
37, 224
239, 379
144, 484
55, 972
11,110
56, 584
167, 444
56, 333
12, C60
5,394
30, 160
191,448
128, 743
49, 875
12,942
31, 863
136, 003
82, 371
23, 456
4,003
28. 390
222, 337
126, 272
28, 019
14, 243
45. 387
271, 328
153,100
48, 461
10, 987
48,412
49.75
49. 75
49.75
49.75
49.75
49. 75
49.75
44.50
44.50
44.50
Potash deliveries
__
_ _ _ _ _ _ _ .short tons. 245, 330
Superphosphate (100% available phosphoric acid):
Production
short ton s_ _ 229, 982
Stocks end of month
do
358, 747
MISCELLANEOUS
Explosives (industrial), shipments:
Black blasting powder
thous. of lb_
190
High explosives
_ _ _ _ _ _ _ _ _ d o _ _ _ 61, 394
Sulfur (native):
Production
_
_ _ _ thous. of long tons
429
Stocks (producers'), end of month
do
4,621
314, 277
151,371
57, 283
114, 434
221, 480
115,781
205, 581
102, 269
249, 613
113,247
166, 899
241, 668
274, 457
232, 805
267,418
172, 722
315, 581
160, 078
369, 667
146, 254
362, 905
168, 583
333,411
208, 431
320, 683
208, 966 r 21 4, 291 '225,616
356, 695 376, 697 '385,448
234, 758
382, 499
106
64, 580
91
66, 327
132
68, 234
193
61, 432
238
73, 594
305
77, 177
269
79, 494
209
70, 349
208
70, 643
352
61,21.5
205
67, 404
127
73, 523
403
4,638
415
4,620
384
4,662
359
4,721
356
4, 666
336
4,652
348
4,530
360
4,462
378
4,442
346
4,427
318
4,376
374
4, 325
22, 503
22, 900
20, 691
22, 592
21, 443
20, 933
27, 379
24, 376
24, 047
25, 253
23, 535
23, 812
24, 348
24, 859
20, 838
28, 112
28, 926
19, 246
27, 242
25, 023
18, 962
31,717
29, 979
21, 232
29. 063
27, 545
21, 006
27,800
20. 464
27, 337
29, 500
30, 500
25, 300
193, 459
135, 987
230, 809
199, 340
129, 185
233, 836
205, 720
128, 091
229, 349
199, 863
127, 154
240, 242
204, 902
114, 480
244, 046
211, 439
139, 076
233, 414
208, 670 244, 362 235, 123 224, 009
148. 658 1 148, 309 1 128, 314 i 140, 084
223, 785 269, 182 250, 408 286, 508
240, 000
229, 600
221, 600
647
10, 790
59, 032
1,547
8,576
78, 123
16, 248
9,320
84, 732
26, 791
9,064
96, 601
28, 497
9,079
105, 984
30, 888
10, 645
113, 242
27, 854
12, 875
113, 333
600
100
7,000
5,400
110, 200 '133,700
200
6,200
107, 600
552
559
526
565
511
568
450
539
457
464
495
502
489
527
668
411
641
431
592
395
526
351
521
312
507
251
430
214
80, 536 105, 692
41, 963
' 57, 327
1,982
838
' 56, 489 39, 981
114,613
51, 193
2, 677
48, 516
' 45. 50 p 45. 50
276, 146
FATS, OILS, OILSEEDS, AND BYPRODUCTS
Animal fats and greases :cft
Tallow, edible:
Production
thous. of Ib
Consumption, factory!. ... _ _ _ _ _ _ _ do_ _
Stocks (incl. refined grades) , end of month _ _ _ do
Tallow and grease (except wool), inedible:
Production
do
Consumption, factory^
_-do
Stocks (excl. refined grades), end of month__do
Fish and marine mammal oilsrAt
P ro dtiction
_ do
Consumption, factory,.
_ do
Stocks, end of month
„ _ __
do. _ _
Vegetable oils, oilseeds, and byproducts:}
Vegetable oils, total:
Production crude
mil o f l b
Consumption, crude factory
do
Stocks, end of month:
Crude
_ do___
Refined
do
Exportsf
Imports, totalf
Paint oils _
All other vegetable oils
thous o f l b °' 80, 565
45, 799
do _ _
1,009
do
44,
789
do
T
79, 389 '•228,416 '118,025
34, 301
28, 348
55, 750
1,041
1,731
17, 460
32, 570
27, 307
38, 290
8,658
12, 162
119,975
r
92, 018
46, 675
441
46, 234
7,802
9,582
106, 315
13, 800
10, 507
99, 800
44, 250
39. 805
2,487
37,318
109, 658
43, 575
4,142
39, 434
130, 391
37, 009
453
36, 556
41, 991
37, 664
4,331
33, 333
71,731
49, 996
4, 475
45, 491
Copra:
22, 333
28, 675
Consumption, factory
__
__ .short tons.
27, 108
31, 006
26, 329
27, 376
28, 942
30, 079
23, 593
23, 724
22, 500
27, 400
22, 500
10, 761
9,602
13, 226
14,512
16, 221
Stocks, end of month
do
15, 283
11, 760
8,348
4,400
11, 170
9,071
10, 400
3,800
12, 857
32, 425
Imports _
_ _ __ do_-_
29, 668
28, 440
24, 694
23, 557
32, 619
17, 383
26, 899
24, 854
21, 448
24,580
18, 107
Coconut or copra oil:
Production:
36, 716
Crude
-thous. of lb_. 28, 490
35, 238
40, 162
33, 859
35, 084
38, 934
37, 404
30, 446
35, 100
30, 475
28. 900
28, 900
36, 552
37, 823
38, 745
38, 462
34, 506
Refined
_ _
___do_ _
41, 287
34, 853
31, 200
40, 658
28, 275
29, 200
27, 700
26, 100
Consumption, factory:
54, 932
55, 078
51,316
55, 274
Crude
do
49, 230
56, 384
61, 720
61, 365
46,212
48, 323
34, 863
35, 093
37, 092
Refined
.
do _
38, 038
35, 219
31, 065
41,855
40, 429
29, 291
28, 050
Stocks, end of month:
41, 368
45, 930
43, 508
41,881
49, 339
Crude
_
__do
54, 372
50, 566
42, 477
49, 914
50, 200
47, 500
36, 600
37, 100
12, 485
8,619
8,707
11,505
10, 700
9, 544
9, 351
Refined
__
do._
10, 555
12, 776
9,721
20, 747
10, 993
19, 102
9,462
33, 018
19, 448
Imports!
_
-- do
21, 535
20, 803
14, 470
15, 634
15, 542
8,948
17, 409
Cottonseed:
Receipts at mills __
thous. of short tons36
12
5
12
81
305
482
542
1,643
1,112
147
87
64
255
Consumption (crush)
do
327
180
127
132
148
307
712
563
599
468
570
467
Stocks at mills, end of month
do. _ _
516
341
225
758
175
331
507
1,437
1, 126
1,951
1,930
1, 507
723
Cottonseed cake and meal:
55, 749
Production
_ short tons
149,743 117, 320
81, 357
59, 542
69, 370 135, 067 329, 102 283, 913 267, 204 262, 100 214, 200 210, 100
Stocks at mills, end of month
do _ _ 198, 037 189, 776 182, 734 162, 223 112, 475
78, 441
71,215 116, 105 106, 724
78, 464
79, 600 103, 800 139, 800
Cottonseed oil, crude:
1 10, 930 87, 224
43, 206
45, 054
Production
thous. o f l b
61,675
96, 315 239,110 205, 160 189, 981 195, 800 162, 200 160, 600
48, 129
124, 862
Stocks end of month
do
45, 678
87, 442
71, 433
37, 972
49, 061 122,625 163, 368 172, 300 170, 100 162, 500 182, 700
33, 025
Cottonseed oil, refined:
109, 427 108, 425
74, 534
66, 351
49, 368
70, 434 143, 997 142, 372 150, 155 143, 100 113, 900 116,800
Production
do
47, 029
92, 916
84, 589
94, 014
96, 364
82, 658
Consumption, factory
do
91, 901
96, 931 1 20, 921 119, 590 106, 697
11,081
8,674
10, 263
9,461
8,877
11, 574
10, 662
11,232
In margarine
-do
12, 600
12, 900
14, 292
13, 862
10, 200
192
189
169
Stocks end of month
mil. oflb
180
130
95
72
103
252
213
271
131
295
.205
.205
.205
.201
.201
.201
.180
Price, wholesale, drums (N. Y.)
dol. per lb_.173
.174
,174
.160
. 160 " .160
Flaxseed:
Production (crop estimate)
thous. of bu_.
2 39, 543
Oil mills:
2,312
1,684
1,585
1, 364
1,872
2, 559
Consumption
«
_ do
1,000
2, 164
2,571
2,245
1,664
2,279
1, 886
1,644
2,064
Stocks, end of month
do
2,847
2,127
1,547
2,968
5,868
3,879
5, 266
5,646
2,164
2,832
1,004
2.99
2.96
3.10
3.00
3.23
3.10
3.00
Price, wholesale, No. 1 (Minneapolis)- dol. per bu__
2.99
3.00
2.97
2.97
2.99
2.99
3.01
r
l
2
Revised.
* Preliminary.
Beginning Octobe r 1958 exc ludes qu£mtities us ed in refi ning but includes i•efined qulantities ( ormerly e xcluded) .
Deceinber 1 estimate of 1 958 crop.
©States represented are: North Carolina, South Cai olina, Ge orgia, Flo rida, AM)ama, Termessee, A rkansas, 1Louisiana Texas, 0 klahoma. Accord!ng to qua rterly reports from Virginia,
consumption in that State is as follows (thous. short tons): 1958—January-March, 219; April-June, 331; July-September, 76; October-December, 84.
9 Includes data not shown separately.
cf For data on lard, see p. S-29.
fRevisions will be shown later as follows: Fertilizer exports and imports (1957); total vegetable oil exports (1957-January 1958) and imports (1957); coconut oil imports (1957).
^Revisions will be shown later covering 1955, 1956, and January-September 1957 (also 1954 for edible tallow) for production, consumption, and stocks of commodities affected.
^Consumption figures for edible tallow exclude quantities used in refining; those for inedible tallow, etc., include such quantities through September 1958 only.
ABeginning 1955, data may include some refined oils (not formerly included); consumption figures exclude data for cod, cod liver, and other oils, and stocks'include only the quantities of
these oils held by producing firms.
o Revisions for 1958 (thous. Ib.): January, 90,403; February, 43,416.
SURVEY OF CURRENT BUSINESS
3-26
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
Mrtv 1!).-)! I
1958
March
April
May
June
July
1959
DecemAugust SeptemOctober November
ber
ber
January
February
\
March i April
1
CHEMICALS AND ALLIED PRODUCTS—Continued
FATS, OILS, ETC.— Continued
Vegetable oils, oilseeds, and byproducts — Continued
Linseed oil, raw:
Production}:
thous. of Ib
Consumption, factory _
_ _ _ do
Stocks at factory, end of month t
.. _ _ do _.
Price, wholesale (Minneapolis)
_ dol. per lb_
Soy beans:
Production (crop estimate)
thous of bu
Consumption factoryj
do
Stocks end of monthj
do
Soybean oil:
Production:
Crude
thous of Ib
Refined
do
Consumption, factory, refined!- .__do ._
Stocks, end of month: £
Crude
do
Refined
do _.
Price, wholesale, refined (N. Y.)-- - - dol. per Ib
Margarine:
Production t _ _ -thous. of lb_.
Stocks (factory and warehouse), end of mo _ d o
Price, wholesale, colored, delivered (eastern U. S.)
dol. per Ib.. _
Shortening:
Production £
thous. of Ib
^tocks end of month
do
44, 166
35, 016
103,080
143
32, 888
32. 226
99, 184
.140
30. 597
33, 168
93, 066
.138
26, 343
39, 901
77, 364
.137
19,147
39. 646
57. 279
.137
37, 155
42. 831
52,087
.136
29,956
31,620
30, 916
13, 990
327, 856
251, 997
268, 445
. 166
121,338
30, 850
57, 983
31. 477
51, 747
32, 208
40,879
28, 706
36, 194
330, 112
280. 886
255. 936
335. 600
290, 285
347, 301
333, 009
344, 673
299, 924
264, R59
282, 648
159. 474
.170
245,125
222. 903
147, 884
.170
119,796
36, 625
131,531
33,163
.275
.275
149.601
154.348
134, 781
51 486
40, 343
60, 034
.131
52 278
40 636
70 576
. 132
45 472
30, 614
43 738
45 500
33 400
81,493
94, 998
.129
.126
.128
i 574 413
34 '443
33 530
98, 610
107, 704
36 687
94 310
33 967
86~ 450
36 010
73 300
.130
32,319
37 300
p. 1 28 ! .
25 066
13 871
33 470
98' 112
340 868
279, 672
308, 269
269 825
352 574
274, 815
302 844
351 240
294, 040
280, 674
359 893
310, 939
305, 428
385 500
355 300
380 800
243, 232
120. 324
.155
238,214
148. 462
82, 047
. 155
126,969
147, 253
88 432
.157
173. 100
105, 703
.157
215, 100
243, 300
250,600 !
65 799
. 155
. 150
.145
112,912
120,884
118,020
149,000
32. 406
30, 752
32, 157
148, 300
38, 400
149.400
33, 906
143, 623
34, 743
129,009
34, 520
136, 552
26, 794
34, 000
38, 400
. 275
. 272
.265
.265
.262
.262
262
262
.262
1 58, 1 80
132 3°4
151, 599
122 856
168,755
177.044
115 321
117 739
206 994
121 294
176 594
125 180
161.494
134, 633
158, 197
132 677
145. 5
95.2
50.3
1 56. 9
106. 2
50.7
158. 6
107.9
50.7
149.3
101.9
47.4
148.3
97. 1
51.2
145 4
96 6
48 8
140. 6
87 6
53.0
121 7
73 5
48 2
108. 2
60 2
48.0
124 6
' 75 1
49 5
119.6
71 1
48 5
3, 752
6, 452
2 3, 637
2 6, 874
775
229
2 3, 549
2
8. 734
2 3, 947
2
8. 215
23,717
736
278
(2)
246
2 4, 043
2 6, 176
2 3, 497
7, 653
2 3, 475
2 8, 542
2 4, 238
2 8. 432
2 4. 580
2 8.810
(2)
( 2 'l
(2)
33, 260
45, 838
23, 901
62, 698
25 876
8, 506
29, 403
48, 359
22, 237
54, 436
30, 249
48, 515
23, 215
56, 785
28 099
31, 176
8,637
9,238
9, 966
66, 813
11,056
10,868
142,617
.170
124,382
299,146
310,913
307,519
98. 526
.155
281,373
316, 579
. 265
P. 145
i
132, 100 i!
41,500
'p. 255
'
127 250
PAINTS, VARNISH, AND LACQUER §
Factory shipments, totnl
- mil. o f d o L Trade products
do
Industrial
finishes
do ._
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:
Cellulose acetate and mixed ester plastics:
Sheets, rods, and tubes
thous. of l b _ _
Molding and extrusion materials _ do
Other cellulose plastics
- do
Nitrocellulose sheet^ rods and tubes
do
Phenolic and other tar acid resins
do
Polvstvrene
do
I^rea and melamine resins
do
Vinyl resins
do
Rosin modifications
Pol venter resins
Polyethylene resins
\Iiscellaneous
do
do
do
do
3,823
72, 121
14, 478
27,914
10,117
15,313
70, 963
15, 834
(2)
231
47,513
21,049
57. 986
29 677
10, 743
68, 068
15, 343
26,911
(2)
205
28, 476
40, 988
17,940
53, 747
28 552
8,
8,
70,
14,
876
962
035
389
(2)
229
34, 270
47, 199
25, 128
69, 672
28 314
11,076
7 991
68, 064
15 820
(2)
223
39 900
55, 257
28 302
82. 133
30 375
10 665
8 730
75 252
15 816
2
10, 035
(2)
271
r
r
227
161
46, 205
58, 823
30, 108
88, 551
32 558
43, 786
62, 560
27, 692
85, 649
26 262
44, 295
26 901
r 30 683
11,327
10, 382
9 246
78, 666
18 666
10,145
r
12 433
79, 309
19 386
61,003
26, 503
81.563
10 842
83, 692
19 137
-° 3. 80S
2 7, 954
294
r
r
r
r
r
3
44, 008
62, 241
29. 162 i
83, 659
10. 469
11 041
87. 329
23. 057
148 8 i
91 4 •
57 4
r
(2)
290
41,863
60, 905
27, 693
83, 682
29 639
3
10. 194
10 712
78, 419
21 592
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total!
55, 785
57, 528
58, 196
63. 280
61, 327
mil. of kw. hr_. 59, 158
66. 324
67, 227
62, 416
60, 689
60, 968
60, 875
65, 889
49, 489
51, 183
54, 991
52, 623
56, 645
51. 927
59,211
53, 993
54, 158
59, 943
53, 921
55, 357
Electric utilities, total
do
58, 352
36, 491
44 543
45 451
37, 574
40 343
43 383
39, 917
48 458
43 258
43 487
48 652
43 376
46 327
By fuels
do
12, 706
12, 999
13, 609
11, 194
10 814
11.608
12 025
11 292 r 10 671
10, 753
10, 735
11, 584
10 545
By waterpower
do
39, 062
40, 698
41,976
44. 479
41. 693
48, 090
43, 767
44, 853
43, 938
48, 688
45, 760
43, 587
Privately and municipally owned utilities, do
47, 369
10, 504
10, 427
11.121
10, 485
9, 951
10, 512
10, 930
11,256
10, 334
10, 885
10, 226
10, 220
Other producers (publicly owned) _
do
10 983
6,296
6,345
6.336
6,634
6,535
6,696
6,269
7,284
7,060
6, 953
7, 113
6.810
Industrial establishments, total
do
7 537
6,382
6,031
5,976
6,082
6,206
6,870
6,999
6 554
6, 690
6,466
6,822
5,990
7 247
By fuels
do
314
329
320
243
253
253
285
256
263
230
279
238
By waterpower
_ do
290
r
r
r
r
44, 707
47, 845
50. 337 r 52, 461
49, 233
45, 746
46, 646
48, 997
46, 703 - 45, 188
Sales to ultimate customers, total (EEI)J .. _ _.do
48, 338
51,247
Commercial and industrial:
4
8, 699
8,364
8.564 ••59,073 5 8, 918
7,782
8,419
8,915
9,494 r 9, 366
7, 831 r 7, 699
Small light and power
_ _ _ do
r4
22, 155
21.813
24, 447 r 24, 295
22, 155
22 439
22. 261 r 23, 445 r 23 878 r 24 335 r 23, 817
23 925
Largo licht and power
do
372
326
305
284 T
293
304
289
352
355
300
291
Railways and railroads
_
__ _ _ do_ _
339
T
5
5
12, 893
13, 144
12, 462
12, 898
12, 943
12,173
12,416
14, 026
14.420
16. 967
12. 062
Residential or domestic
do
16 328
r
T
(5)
(5)
794
791
1.313
1,244
787
728
798
1T 170
900
1 021
Rural (distinct rural rates)
do
448
423
389
419
493 r 526
398
463
563
560
380
509
Street and highway lighting
__ do
T
r
r
r
1.079
1,096
1,094
1,020
1.074
1,041
1,127
1,083
1,047
1. 149
1 172
1,077
Other public authorities
do
r
56
35
61
56
49
63
53
48
48
59
57
Interdepartmental
_ _
do
55
Revenue from sales to ultimate customers (Edison 4
Electric Institute) J
thous. of dol. . 797, 337 ' 776, 473 r 768, 636 786, 752 r 805. 924 «• 836, 854 * 840, 944 r 821, 511 '•814,725 848. 962 885, 725 872,315
GAS
Manufactured and mixed gas (quarterly) :cf
3,025
3, 153
2,910
3, 152
Customers end of quarter, total
thousands. _
2. 715
2 944
2 823
2 940
Residential (incl house-heating)
do
192
207
199
210
Industrial and commercial
do
612
302
958
553
Sales to consumers total
mil. of therms_
756
183
396
451
Residential (incl. house-heating)
_ „ _ _ _ do
153
111
195
148
Industrial and commercial
do
123 4
82 6
46 9
78 6
Revenue from sales to consumers
total
mil
of
dol
icr
64 5
34 1
60 9
99.7
Residential (incl house-heatii )
do
12.4
23.2
17.2
17.6
Industrial and commercial
.
do
r
2
Revised.
v Preliminary.
' December 1 estimate of 1958 crop.
Effective May 1958, data for "other cellulose plastics"
are
combined
with sheets, etc.. and molding and extrusion
4
materials.
3 Beginning 1959, includes protective coatings; earlier data 5which exclude such coatings, are not comparable.
Revisions for January 1958 (units as above): Small light and
power, 8,119; large light and power, 22,628; revenue from sales, 824,464.
Beginning January 1959, data are not comparable with those for earlier periods; "rural" allocated between "residential" and "small light and power."
^Revisions will be published later as follows: Linseed oil, production and stocks (January 1957); soybeans, consumption and stocks (March 1957); soybean oil, consumption and refined
stocks (March-May 1956), crude stocks (April 1956 and August-September 1957); margarine,'production (1955, 1956, and January-September 1957); shortening, production (March 1956 and
January-August 1957); electric-power production (January-October 1957): electric-power sales and revenue (January-December 1956). Electric-power production revisions for 1956 appear on
p. 20 of the March 1958 SURVEY.
§Data are based on a new and improved sample; they relate to specific products instead of the former "customer" classification. Comparable figures for January-March 1958 will be
published later.
cf Totals include data not shown separately. Revisions for 1st and 2d quarters of 1956 and 1957 are available upon request.
SURVEY OF CURRENT BUSINESS
M.-iv 11).'!)
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
S-27
1959
1958
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
ELECTRIC POWER AND GAS—Continued
GAS— Continued
Natural gas (quarterly ):d"
Customers, end of quarter, total
Residential (incl. house-heating)
Industrial and commercial
Sales to consumers, total-- _ _
Residential (incl. house-heating)
Industrial and commercial
thousands
do
do
mil. of therms do
do
Revenue from sales to consumers, total. ..mil. of dol
Residential (incl. house-heating)
do
Industrial and commercial
do
27, 901
25, 674
2,194
27, 727
25 563
2,132
27, 920
25 779
2, 107
28 668
96 391
2,242
25, 130
11,832
12 345
17, 554
5, 608
11 296
14, 396
2 281
11 346
20 245
6 615
12 577
1,490.6
970.5
491 2
946.4
528 5
399 1
671 8
282 5
368 6
1 110 1
615 0
463 1
__
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Beer:
7,277
Production
thous. of bbl ..
6, 253
Taxable withdrawals
do
10,233
Stocks, end of month
do
Distilled spirits (total):
Production
thous. of tax gal - 19,770
Consumption, apparent, for beverage purposes
thous. of wine gal.- 16, 426
Tax-paid withdrawals
thous. of tax gaL. 12.523
858, 391
Stocks, end of month
do
1, 963
Imports
thous. of proof gal. Whisky:
Production
thous. of tax gaL_ 12, 676
6, 285
Tax -paid withdrawals
_
do
749, 063
Stocks, end of month
do
1,736
Imports
thous. of proof gal
Rectified spirits and wines, production, total 9
5,895
thous. of proof gal_Whisky
_ _ _ . . _ - . _ _ _ _ _ _ _ _ do_.
4,870
Wines and distilling materials:
Effervescent wines:
289
Production
thous. of wine gal-138
Taxable withdrawals
do
1,949
Stocks, end of month. _ _ _ _ _ _ _
do
45
Imports
do
Still wines:
2, 056
Production
_ _
do
12, 766
Taxable withdrawals
do
160, 446
Stocks, end of month
do
591
Imports
__
_ _ - _ do_
1,861
Distilling materials produced at wineries
do
7. 465
6, 746
10, 527
8. 675
7, 963
10, 760
9. 568
8, 580
11,223
9, 712
8, 945
11,446
7, 680
8,184
10, 470
7,227
7. 185
10, 053
6,824
6, 893
9,586
5, 810
5, 852
9,212
6. 834
6, 651
9, 005
6, 353
5, 5(55
9,437
5,894
5, 346
9,631
7,702
6, 717
10, 161
18, 886
16, 538
12, 208
7, 672
9, 758
24, 794
39, 878
25, 054
24, 177
21, 966
20, 431
22, 392
15, 785
11.590
863. 089
1,987
18, 192
13, 158
862, 770
2, 385
16, 935
13,802
858, 281
1,978
16, 397
11,411
852, 617
2,438
17, 407
13,056
845, 697
2,052
16, 562
13, 809
845. 026
2, 947
21, 517
19, 727
843, 626
3,392
21. 259
15,870
844, 385
4,277
25, 806
10. 175
854, 946
3, 280
i 15, 134
11,043
861, 884
1,801
i 15, 328
11.545
866, 203
1,851
12, 978
872, 725
2, 330
11,710
5,734
751,881
1,768
10, 337
6,511
752, 486
2,143
7. 563
6, 955
750, 528
1,736
4,282
5.219
747, 534
2, 219
4, 033
6, 815
742, 319
1,815
9,172
7. 062
741, 769
2, 587
15,188
10,374
742, 531
3,010
14,220
8, 699
744, (>02
3,875
16, 343
5, 347
753, 073
2,898
14,441
5, 901
759, 106
1, 568
13, 994
6,311
763, 704
1,680
14, 468
6, 635
768, 349
2, 054
5, 642
4,523
6,443
5, 094
6,415
5,066
5, 922
4,837
5, 946
4, 533
6, 865
5, 429
10, 892
9, 069
8,849
7,480
5, 776
4, 536
5, 141
3,939
6, 144
5,013
6, 304
5,046
281
154
2,060
44
208
183
2, 069
67
284
199
2,140
53
159
146
2,140
43
259
136'
2,243
38
113
212
2,124
58
201
306
1, 986
99
185
353
1, 795
131
268
389
1, 635
123
224
197
1, 645
37
321
149
1,797
43
381
189
1,974
50
1,757
11,520
148, 876
653
1,082
1,061
11,378
139, 479
777
888
1,414
11,178
127, 727
589
1,481
1, 336
10,117
115, 921
599
2,154
3,109
11,037
109, 499
580
13, 298
47, 185
12, 668
145, 116
677
115, 853
78, 613
13, 945
209, 303
827
154, 877
15, 228
12, 631
212, 516
979
35, 661
6,111
13, 487
200, 303
946
13, 353
2,384
11, 349
190, 040
522
3, 111
' 2, 393
11, 173
177, 318
522
1,579
2,987
13, 334
169, 404
703
2,537
130, 320
115,548
.588
150,560
135, 492
.586
144, 730
170, 575
.586
126, 910
190, 439
.586
97, 710
178, 352
.594
86, 740
145, 671
.613
91, 895
119,703
.598
90, 610
93, 347
.594
105,110
69, 295
.613
115,980
63, 708
.588
128, 395
92, 240
154, 745
116, 710
157,150
118,445
135, 430
100, 715
117,135
85, 890
103, 785
72, 660
101, 925
68, 425
95, 955
62, 785
101,625
64, 405
100, 550
67, 325
96, 050
65, 175
117,415
79, 700
339, 873
307, 487
5,273
328, 349
293, 270
4,220
330, 770
295, 554
4,776
353, 801
315, 778
4,360
364, 804
319,160
3,281
363, 026
315, 275
2,840
350, 449
304, 842
4,197
327,843
282,444
5,755
302, 999
257, 405
6, 277
293, 189
249, 042
6,648
269, 469 r 260, 100
235, 998 '227,830
5,320
4,853
257, 271
226, 083
5, 649
280, 192
246, 332
.394
.380
.384
.388
.389
.389
.390
.391
.390
.384
.381
.382
.382
.380
4,250
175, 700
6,375
207, 400
6,275
279, 900
5,900
271, 200
5, 050
249, 700
4,175
215, 200
4,700
184, 000
4,700
162, 500
3,670
132, 600
3,700
138, 200
3,700
143, 500
4, 640
140, 900
5,400
182, 200
5,501
87, 190
6,308
106, 829
6, 744
186, 490
8,136
270, 743
7,346
333, 421
5,838
373, 684
7,440
387, 966
5, 956
353, 048
5, 604
274, 851
4, 537
190, 141
3,936
135, 833
3,791
92, 420
5,087
83, 814
1, 752
7.322
1, 710
6,353
5,435
9,781
2,633
11,928
3,017
9, 730
2, 486
3,338
3,112
4,358
2,922
8,568
3,962
29, 793
2,985
19, 853
2,691
5, 057
3,127
2, 083
2,708
5,131
DAIRY PRODUCTS
Butter, creamery:
Production (factory)}
thous. of l b _ _ 129,495
106,315
Stocks, cold storage, end of month..
do
.599
Price, wholesale, 92-score (New York)___dol. per lb_.
Cheese:
Production (factory), total}
thous. of l b _ _ 117,035
79, 950
American, whole milk}
_
do
Stocks, cold storage, end of month, total. _ do _
American, whole milk
do
Imports. _ _ .-_
_
do
Price, wholesale, American, single daisies (Chicago)
dol. per Ib-Condensed and evaporated milk:
Production, case goods:}
Condensed (sweetened)
thous. of lb-_
Evaporated (unsweetened)- _
_ do
Stocks, manufacturers', case goods, end of month:
Condensed (sweetened)
thous. of lb_Evaporated (unsweetened)
do
Exports:
C ondensed (sweetened)
do
Evaporated (unsweetened) _
_
do
Price, manufacturers' average selling:
Evaporated (unsweetened)
dol. per case _.
Fluid milk:
Production} _ _ _ _ _
_ _ _ _ _ _
mil. o f Ib
Utilization in manfactured dairy products}. -_do
Price, wholesale, U. S. average.. - -dol. per 100 Ib
Dry milk:
Production:}
J)ry whole milk
thous. of lb__
Nonfat dry milk solids (human food)
do
Stocks, manufacturers', end of month:
Dry whole milk
do
Nonfat dry milk solids (human food)}
d o _ _ . ..
Exports:
D r y whole milk - _ _
_
_ _ _ _ _ _ _ __do
Nonfat dry milk solids (human food)
do
Price, manufacturers' average selling, nonfat dry
milk solids (human food)
dol. perlb._
106, 985 120, 955
' 64, 033 63, 294 "82," 363 ~
.588
.589
. 588
6.15
6.12
6.10
6. 11
6.11
6.15
6.15
6.14
6.14
6. 15
6.16
6.17
6.17
10, 734
4,234
'4.15
11,177
4,444
3.88
12, 712
5,287
'3.73
12, 332
5,170
'3.66
11,450
4, 535
'3.86
10, 487
3,681
'4.05
9,492
3,255
4.32
9, 455
3,293
4.46
8,889
3,127
'4.49
9, 371
3. 490
'4.44
9,754
3,725
4.34
9,344
3,490
4.22
10, 667
4,083
4.06
6,900
160, 300
7,600
171, 700
9,000
209, 600
8,600
203, 000
7,650
153, 200
6,750
112,000
7,050
91, 450
7,100
98, 800
5, 400
98, 050
5, 500
121, 100
7,050
137, 100
6,500
130, 150
7,300
155, 800
7,503
89, 268
8,178
84, 836
8,971
119, 550
10, 067
144, 521
10, 123
134, 483
9,189
113,936
9,515
95,315
9,273
82, 383
7,282
79, 744
6, 211
87. 113
6,390
87, 475
6,203
86, 460
6,025
78, 807
1,823
10, 117
2,133
33, 009
3,250
6,723
2,348
31, 053
1,754
15,912
1,888
22, 450
9,024
7,551
2,340
10, 698
3,798
10, 822
1,875
32,366
3,961
12. 524
1,577
6,931
1,812
13, 743
11,171
p O
Q-J
. 141
.152
.137
.137
.136
.137
.136
.136
'.136
.136
.136
.136
.136
' Revised.
v Preliminary.
i Beginning 1959, ineludes da ta for Ala ska (30,000 wine ga Ions in Ja nuary; 26 ,000 in Ft bruarv) .
c? Totals include data not shown separately. Revisi ons for Is t and 2d rluartors o 1956 and 1957 are a vailable L pon requ est.
9 Data beginning July 1958 exclude production of wi nes and \ ermouth; for July : 957- June 1958, such product!on totaled 1 12,000 g al.
{Revisions for the indicated items and for the periods specified are available upon request as follows: Butter, cheese (total and American), dry whole milk, and nonfat dry milk «?olids
(production)—January 1955-August 1957; condensed milk and evaporated milk and fluid milk used in dairy products—January 1956-Aueust 1957; fluid milk (production)—January 1956December 1957; nonfat dry milk solids (stocks)—January 1954-December 1956
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
May 1959
1958
March
April
July
June
May
1959
August SeptemOctober
ber
Xo v emb }r
Decem-
J
F
' 2, 136
27, 955
' 20, 912
14, 244
2. 257
7. 883
6,904
8,287
8, 780
361,374
301,860
418, 899
647, 899
484, 628
628, 836
16, 824
t?y"
ber
£r
""re"
AprU
FOODSTUFFS AND TOBACCO— Continued
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
thous. of bu_
Shipments, carlot
_ _
no. of carloads. . a '3, 496
9,412
Stocks, cold storage, end of month
thous. of bu_.
Citrus fruits, carlot shipments _ .
no. of carloads. _
Frozen fruits, juices, and vegetables:
Stocks, cold storage, end of month:
Fruits
thous. of lb_
Fruit juices and purees
_. _
_ __do. ..
Vegetables
do
Potatoes, white:
Production (crop estimate)
thous of cwt
Shipments, carlot
no of carloads
Price, wholesale, U. S. No. 1 (New York)
dol. per 1001b__
' 2, 126
4,195
' 1, 356
1,188
a T 6, 627
' 6, 273
r
361, 732
439, 761
621, 568
297, 391
490, 771
576, 539
-449
364
r
7, 841
316, 493
513,471
535, 770
« ' 20,652 ' 15, 580 T 17, 599
'147
140
'838
16, 401
' 2, 366 r 1, 790
47, 409
54, 123
' 4, 793 ' 3, 880 ' 2, 696 ' 2, 263
5, 899
425, 922
464, 068
550, 078
502, 334
412, 398
650, 924
r
r
17, 132
33
175
10, 992
536, 253
356, 516
793, 100
539, 084
292, 215
860, 752
530, 821
245, 039
904, 594
r
i 124,
717
r
2, 494
37, 547
'1,962
4, 112
r 9, 065
' 7, 809
511, 597
206, 758
899, 570
222,711
493, 172
458, 198
297, 741
761, 248
404, 354
396, 238
687, 121
r
r
846, 853
263,782
' 6, 623 ' 9. 085 ' 10, 368 ' 10, 100 T 12, 271
15, 333
2,222
14, 065
16, 972
3.225
2.888
2.925
3.130
* 2. 780
"•48, 616 ' 64, 690 ' 55, 560 ' 63, 960 * 59, 113 * 68, 248 ' 60, 046 ' 63, 597 '61,600
' 69, 439
73,311
58, 976
64, 140
5.300
5.675
4.783
4.675
3.315
3.213
3.125
2.863
GRAIN AND GRAIN PRODUCTS
Fxports (barley corn oats rye wheat)
thous o f b u
Barley:
Production (crop estimate)
Receipts 4 principal markets t
Stocks, domestic, end of month:
Commercial
do
do
do
Exports including malt§
Prices, wholesale (Minneapolis) :
No. 2, malting
No 3 straight
do
dol. per bu._
- - - do
' 9, 604 ' 7, 676
mil of bu
thous. of bu_.
13, 532
10, 637
31, 833
19, 825
17, 430
10, 746
13, 606
14, 238
12, 378
12, 673
12, 585
41, 601
45,005
48, 520
47, 924
46, 918
225. 368
47, 149
47, 639
39, 225
1.228
1.183
25, 073
149, 981
"-8,315
20, 068
15, 921
11,910
10, 382
31,923
262,768
r
9, 559
14, 423
13, 684
44, 270
306, 800
10, 678
9,622
7,135
12,912
11, 492
5,994
43, 524
151, 372
7,715
1.259
1.187
1.289
1.216
1.311
1.218
1.310
1.215
1.328
1.229
1.204
1.146
1.182
1.137
1.182
1.145
1.172
1.132
1.190
1.163
1.169
1.139
1.214
1.175
1.180
1.139
12, 139
26, 039
12, 053
24, 303
11, 732
22, 440
12, 088
23, 259
12, 333
27, 006
13, 802
33, 229
11,531
47, 306
3, 800
11, 539
29, 600
11,885
28,388
11, 847
33, 166
12, 531
36, 402
110, 526
107, 622
1,031.6
10, 753
99, 309
91, 470
109, 234
105, 231
109, 792
13, 389
15, 698
20, 564
100, 026
2, 696. 0
19, 277
97, 973
13, 207
88, 563
2 344. 2
17,052
90,153
11, 185
16, 444
16, 721
13, 597
1.311
1.258
1.350
1.284
1.344
1.273
1.340
1.255
1.266
1.115
1.149
1.068
1.117
1.074
1.167
1.096
1.171
1.098
1.179
1.101
12, 292
5,162
3,672
i 1, 422
7,381
38, 519
1,202,549
2,120
866
.642
.621
33,943
28,297
1,830
.612
2,100
(3)
Corn:
Production (crop estimate)
mil of bu
12, 064
11,638
Crrindin^s wet process
thous of bu
37, 744
43, 900
Receipts interior primary markets
do
Stocks, domestic, end of month:
111,385 112, 538
Commercial
do
1, 680. 9
On farms
mil of bu
Exports, including meal and flour thous. of bu_- a 7, 969 * 15, 427
Prices, wholesale:
1.165
1.288
No. 3, yellow (Chicago)
dol. per bu..
1.201
1.081
Weighted average 5 markets all grades
do
Oats:
Production (crop estimate)
Receipts, interior primary markets
Stocks, domestic, end of month:
Commercial
470,449
9,694
1
6,758
5,174
4,125
6,533
14,915
32, 517
do_ __ 10, 846
540, 627
559
Exports including oatmeal
do
.662
Price, wholesale, No. 3, white (Chicago). .dol. perbu.-
8,698
8,224
2
274,338
2,688
4,131
.641
.633
13,113
31,451
2,597
.685
5,804
3,3i3
.664
Rice:
25, 672
952, 566
3,122
.698
1
California:
Receipts, domestic, rough
thous. of lb__ 34, 390
31, 809
Shipments from mills, milled rice
do_
Stocks, rough and cleaned (cleaned basis), end
of month,..
thous. of lb__ 49, 433
Southern States (Ark., La., Tenn., Tex.):
92, 428
Receipts rou^h at mills
do
137, 968
Shipments from mills milled rice
do
Stocks, domestic, rough and cleaned (cleaned
676.3
basis) end of month
mil of Ib
Exports
thous. of Ib « 145,795
.098
Price, wholesale, head, clean (N. 6.)
dol. per lb_.
Wheat:
Q
a -h t
CG;,I
Winter wheat
Receipts, interior primary markets
Stocks, end of month:
Canada (Canadian wheat)
336
2,336
1.335
do
flour
do
do
9,140
5,741
7,206
23, 013
22, 183
20, 342
4,090
3,328
.699
.676
20, 154
587, 576
2,218
.676
.700
47, 015
86, 628
52, 702
115, 583
79, 224
169, 218
112, 412
125, 914
105, 497
168, 809
57,019
92, 469
45, 755
92, 062
54, 010
133, 123
60,326
115, 677
77, 788
110,076
92, 837
47, 331
43, 026
47, 735
46, 736
47, 663
28, 329
73, 452
78, 735
74, 871
93, 683
55, 408
53, 447
51,417
31, 464
110, 265
12, 323
86, 687
19, 067
104, 771
30, 965
127, 503
143, 466
78, 804
641, 449 1,075,108
120, 794 163, 518
312, 735
120, 766
196, 864
113, 685
135,098
131. 856
68, 465
141, 994
98, 036
119, 870
561.7
116,030
.103
507.7
41, 678
.101
504.4
96, 815
.101
370.5
181, 617
.102
321.0
112, 349
.101
535. 1
133, 979
.091
1,115.2
135, 699
.093
1, 172. 1
69, 316
.091
1,182.3
55,606
1, 137. 1
69, 613
.094
1, 038. 0
55, 341
.093
867.0
131,368
206
1,866
1.354
1,047
1,816
1.386
5,516
4,019
1.228
2,202
5,717
1.215
2,982
6,596
1.158
1,095
6,284
1.253
843
6,277
1.262
5,495
408
i 32, 485
420
1.230
1,042
4.271
1.274
3,680
3,374
1.231
1.289
1.311
29, 394
322, 743
31, 988
30, 387
37, 079
282, 869
379, 269
380, 133
375, 434
374, 184
26, 612
'262,882
24, 153
20, 509
361, 862
358, 939
347, 510
United States, domestic, totald*
mil. of bu_. ' 1, 122. 6
Commercial^
thous . of bu 335, 916 346, 820
Interior and merchant mills, elevators, and
warehouses
thous of bu ' 535, 332
176, 737
On farms
do
Exports total including
\Vheat only
1.283
1.218
51,975
38, 140
•
do
thous. of bu_-
1.207
1.130
120, 249
55, 794
35, 958
.093
Rye:
Receipts interior primary markets
do
Stocks, commercial, domestic, end of month.. -do
Price, wholesale, No. 2 (Minneapolis)... dol. per bu._
1,815.9
r
1,462.2
1
1,179.9
83, 264
56, 821
202, 858
36, 172
28, 747
370, 607
394, 941
388, 003
381, 512
372, 660
371, 059
491, 068
2. 141. 1
472, 590
475, 989
' 1, 820. 2
456, 812 422, 047 429, 989
447, 554
"•31,842 ' 34, 810 * 29. 929 ' 40, 764 25, 771
20, 944
a r 26,500 * 28, 467
' 24, 841 r 34, 987
37, 331
33, 345
30, 543
26, 387
31, 159
25, 927
1,001
3, 123
1. 303
34, 107
28, 744
432, 009
760.417
456, 581
36, 237
29, 587
p . 092
1, 540. 0
433, 776 '419,579
'854,305
940, 838
643, 900
447,128
250,465
r
830
68, 975
i 282. 3
95, 634
880 6
304, 782
2
1
33, 261
244, 709
2
338, 279
4,973
90,282
282, 989
40, 982
35, 427
31, 770
28, 410
40, 437
36,851
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
2.211
2.235
2. 21 o
2. 205
2.432
2.266
2.172
2.250
2.227
2.218
2.473
2.417
2.433
2.383
dol. per bu_1.984
2.090
1. 998
1.974
1.999
2.067
1.835
1.951
2.028
1.902
1.846
2.262
2.271
2.273
No 2 hard winter (Tvansas City)
do
1.948
2.037
2.041
2.018
1.786
1.923
1. 904
1.785
1.819
1.930
2.282
No 2 red winter (St Louis)
_ _ -do
(3)
(3)
(3)
2.208
2.162
2.195
2.220
2.187
2.174
2.213
2.191
2.271 1 1. 960 1 2. 063
2.351
2.383
2.326
Weighted ave.. 6 markets, all grades
_.-do
r
1
Revised.
» Preliminary.
December 1 estimate of 1958 crop.
2 Old crop only; new grain not reported until beginning of new crop year (July for barley, oats, and wheat; October for corn).
3 xo quotation.
{Revised beginning January 1954 to reflect data compiled from reports based on 5-day weeks (prior thereto, based on 6-day weeks). Revisions for January 1954 through July 1956 are shown
in the October 1957 SURVEY.
§ Excludes a small amount of pearl barley.
9 Bags of 100 Ib.
d"The total includes wheat owned by Commodity Credit Corporation and stored off farms in its own steel and wooden bins; such data are not included in the breakdown of stocks.
IData for March, June, September, and December are not strictly comparable with those for other months, largely because of somewhat smaller coverage of the quarterly reports.
« Revisions for January and February 1958 for shipments of fruits,'etc., are as follows (carloads): Apples, 3,194; 3,101; citrus fruits, 7,087; 6,079; potatoes, 16,743; 16,725. Scattered revisions
for 1957-February 1958 for exports of the indicated grains will be shown later.
SURVEY OF CURRENT BUSINESS
1059
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
S-29
1958
March
April
May
June
July
1959
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
FOODSTUFFS AND TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Continued
Wheat flour:
Production:
Flour
thous. of sacks (100 Ib.)
Operations, percent o f capacity
_____ _
OfTal
- - thous. of short tons
Grindintrs of wheat
_ _
_ thous. of bu .
Stocks held by mills, end of quarter
thous. of sacks (100 lb.)__
Exports
do
Prices, wholesale:
Spring, short patents (Minneapolis)
dol. per sack (100 lb.)_.
Winter, hard, short patents (Kansas City). -do
20, 465
89.1
395
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected) :
Calves
thous. of animals. .
Cattle
do
Receipts principal markets
do
Shipments feeder to 9 corn -belt States
do
Prices, wholesale:
Beef steers (Chicago)
dol. per 100 Ib
Steers stock er and feeder (Kansas City)
do _
Calves vealers (Chicago)
do
Hogs:
Slaughter (federally inspected)
thous. of animals. .
Receipts principal markets
do _
Prices:
Wholesale, average, all grades (Chicago)
dol. per 100 lb-_
Hog-corn price ratio
bu. of corn equal in value to 100 Ib. of live h o g _ _
Sheep and lambs:
Slaughter (federally inspected)
thous. of animals. _
Receipts principal markets . . _ _
do_ _
Shipments feeder to 9 corn -belt States
do
Prices, wholesale:
Lambs average (Chicago)
dol. per 100 Ib
Lambs', feeder, good and choice (Omaha)
do
MEATS
Total meats:
Production (carcass weight, leaf lard out), inspected
slaughter
mil of Ib
Stocks (excluding lard), cold storage, end of month
mil. o f l b _ _
Exports (including lard)
_ _ do
Imports (excluding lard)
do
Beef and veal:
Production inspected slaughter
do
Stocks, cold storage, end of month
thous. of lb_.
Exports
do
Imports
- do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs.) (New York) . _
dol. per Ib Lamb and mutton:
Production, inspected slaughter
thous. of l b _ _
Stocks cold storage end of month
do
Pork (including lard), production, inspected slaughter
mil. oflb..
Pork (excluding lard) :
Production, inspected slaughter
thous. of lb_.
Stocks cold storage end of month
do
Exports
do
Imports
do
Prices, wholesale:
Hams, smoked, composite _
dol. per Ib...
Fresh loins 8-12 Ib average (New York) . do
Lard:
Production, inspected slaughter
thous. of Ib.Shocks, dry and cold storage, end of month
do
Exports
__
__ _. _ do -Price, wholesale, refined (Chicago)
dol. per lb_-
19, 394
80.6
373
19, 321
84.1
19, 205
83.4
371
370
20, 429
84.7
392
20, 220
87.7
21, 504
93.2
382
402
23, 385
92.5
435
20, 191
96.7
375
21 072
87 0
21,584
93.3
18, 861
85.6
20 595
84 8
390
400
351
382
46, 739
44, 464
44, 278
44, 046
46, 862
46, 266
48, 875
53, 084
45, 825
47, 950
48, 959
42, 884
46, 720
4,976
2,293
2,722
2, 184
4,291
2,480
2, 071
1 711
4,374
1, 784
2,854
2, 245
4.349
2 302
2 384
1,442
4,519
1 539
5.980
5.610
5.990
5.750
5.975
5.550
6.270
5.350
6.030
5.125
5.695
5.050
5.870
5.230
5.830
5.465
5.760
5.400
5 580
5. 125
i 5 430
i 4. 850
518
486
1,383
1 729
424
471
1,360
1,818
1,468
1 697
1,506
1 846
1, 561
1 820
1,479
1 783
1,561
r 2 440
364
28.28
25.79
31.50
28.59
26.83
34.00
28 27
27.16
33 50
27 67
31 00
26 75
25.43
31 00
25 91
24.46
31 50
4,818
2,499
4,963
2,580
4,444
2,304
4,209
2,226
4,326
2,196
4,515
2 295
20.81
20.26
21.58
21.82
21.88
20.3
18.0
'18.3
18.2
'18.4
1,000
1,149
1,122
1,026
1,042
1,013
950
1,035
285
908
117
302
988
106
438
430
277
267
oc oo
144
828
138
435
249
864
265
541
i 5 450 p i 5 450
i 5. 025 p i 4. 975
441
474
815
1,647
r 2 670
1 273
1 302
1 907
1 437
1 793
1 441
1 751
1 219
1 416
' 291
1 334
1 753
26 65
25. 47
32 00
26 70
25.80
32 00
26 79
26 46
33 50
27 01
25 81
32 50
27 81
26 10
33 00
27 44
25.97
28 22
27 78
5,219
2,633
5,911
2,897
5,258
2,509
5,814
3 015
5, 885
2 993
5, 686
2.752
5,733
2 900
20.87
20.04
18.76
18.06
17.42
16.25
15.32
15. 72
15. 77
' 17.6
'17.6
17.8
19.0
'17.2
16.1
14.8
14.5
13. 8
1,045
1,357
1,131
1,273
883
1, 061
1,322
1,128
' 163
1,080
1,143
1 009
356
565
897
636
817
222
352
937
121
424
r 38ft
423
377
(2)
344
875
120
' 153
22.12
22.99
21.00
22.22
22.25
(2)
24 75
(2)
24 50
22.92
24 00
22.23
22 00
22.78
22 25
23.03
21 88
22.56
19 75
20.88
18 62
19. 75
18 62
19.71
21 25
19.55
1,719
1,804
1,776
1,756
1 799
1 742
1 914
2,125
1 832
2 048
2 084
1 862
1 950
'409
54
'444
35
422
55
396
47
333
46
317
47
346
65
419
67
462
49
499
68
'582
78
602
66
783 1
929 7
189,467 ' 186, 850
1 919
1 470
42 574
38 945
855 4
184, 641
1 850
28 767
53
809.1
118, 766
1,973
30, 271
64
839.0
111, 937
1,173
39, 218
74
73
885.5
107, 468
2,562
39, 535
901 9
115, 947
1,406
41, 543
360
' 52
92
947 0
119, 301
1 242
50 397
86
898 4
125, 234
1 680
44 097
83
74
948 8
132, 938
2 514
46, 679
1 019 2
149, 210
3 027
41,019
71
816 4
171, 633
2 161
38 181
919 7
189, 655
2 619
43 764
462
.490
.482
.478
.477
468
.451
456
.455
.452
50, 384
4,861
57, 821
6,674
54, 820
10, 431
47, 330
11, 995
45, 517
10 411
42, 973
10 969
47, 692
9 927
51, 785
9 913
41, 780
9 280
859.9
907.7
835.5
807.0
806. 4
800.6
917.4
1, 054. 4
973.7
648, 238
224, 322
4,092
14, 650
680, 920
260, 147
3,664
15, 227
619, 424
242, 839
4,235
15 472
604, 733
209 936
5, 506
14 443
603, 764
173 147
4 541
16 860
610, 151
149 1°8
3 506
15 335
698, 914
127 088
3 627
13 837
.590
.524
.565
.519
.558
.556
.573
.572
.577
.570
.536
154, 501
85,211
36, 299
.158
165, 208
86, 580
21, 608
.153
158, 190
86, 673
36, 986
.154
a
POULTRY AND EGGS
Poultry:
Slaughter (commercial production)*
mil. of lb_.
330
Stocks, cold storage (frozen), end of month
thous. of lb_. 214, 135
Turkeys
_
do
130, 932
Price, in Georgia producing area, live broilers*
'. 205
dol. perlb-,
Eggs:
15.2
Production on farms
mil. of cases 9 -Stocks, cold storage, end of month:
79
Shell
thous. of cases - .
52, 688
Frozen
thous of Ib
Price, wholesale, extras, large (Chicago)
.434
dol. per doz.-
147, 797
66, 474
31, 712
.155
r
552
504
147, 505 139,355
49, 827
55, 124
' 31 977 26 778
.170
.155
793,
134
5
15
024
361
134
989
730, 133
184 438
5 789
16 931
.521
.543
548
521
159, 979
45, 774
25, 177
.155
190, 814
54, 166
39 322
.158
85
51, 927
9 189
80
301
414
831
918
66
21 50
19.88
655
64
182, 692
481
482
485
494
66, 846
10 118
55, 104
13 750
053
57, 520
10 991
1,023.5
1 036 6
812, 884 771, 769
240 489 '319 951
7 '500
4 976
18 404
12 900
775,119
337 120
4*823
16 538
1, 076. 2 1,087 0
800,
206
4
18
28 63
(2)
r H
378 088
497
571
478
539
480
177,557
67, 938
40 352
.145
201,269
95, 000
26 129
.128
200, 784
109, 100
42 149
.124
183. 679
117. 900
56 521
.121
402
346
393
331,835 ' 293, 562
160 476 r 140 510
250, 298
112 252
214, 080
86 898
' 500
430
P 5069
42
191
132,
41
»
4 r )3
489
200
910
120
371
409
433
476
547
602
689
604
521
177, 125
104, 667
145, 553
84, 243
139, 981
80 314
147,113
79 192
190, 202
103 562
278, 649
160 808
408, 089
254 849
377, 235
207 845
346, 603
162 055
M86
'.194
.201
'.182
'. 166
'.155
'. 152
.150
'.141
.175
.165
.170
. 155
15.3
15.4
14.0
13.6
13.0
12.5
13.4
13.7
14.6
14.9
14.1
16.5
16. 1
322
68, 274
705
100, 624
852
134, 218
712
139 779
494
133 777
290
116 645
207
93 687
140
73 403
53
57 082
57
47 085
107
55 015
528
84 666
.380
.360
.352
3.372
3.391
3.463
3.423
3.406
3.365
3.356
3.343
3. 316
3. 203
thous. of dol. _ ' 86, 781 ' 84, 861 r 72, 142
'68,180
' 64, 677 ' 73, 138
125, 901
126, 797 '114,362
102, 278
108, 520 '104.287
96, 146
r
' 52
r 45 701
MISCELLANEOUS FOOD PRODUCTS
Confectionery, manufacturers' salest
Cocoa (cacao) beans:
Imports (incl. shells)
Price, whoesale, Accra (New York)
1 5 357
22 271
41 190
19 20^
' .' 368
.410
'^358
P. 378
' Revised.
p Preliminary.
1 Begining January 1959, quotations are for 100 pounds of flour in bulk rather2 than in sacks as formerly. January 1959 prices comparable with earlier
data: $5.710 per 100-pound
iuu-pounu sacK
sack lor
for spring wneai
wheat iiour
flour uvimneapons;
(Minneapolis) ana
and $i>.iuu
$5.100 lor
for winter (.Kansas
(Kansas uity).
City).
No
i\o quotation.
3
* Prices paid delivered; not strictly comparable
comp*
with
prices through June 1958, which are f.o.b.
*New series (from U.S. Department of Agriculture); comparable data are available back to 1934.
9 Cases of 30 dozen.
% Revised to include
data for the manufacturer-retailer group at f.o.b. factory level rather than at retail level as formerly. Revisions lor January 1956-February 1958 will be shown later
« Revisions for January and February 1958: 33,955,000 and 36,246,000 pounds.
___long tons..
dol. per lb._
23,411
.437
17, 525
.429
14, 913
.460
14, 823
.483
13, 226
.489
5 931
.463
6 325
.427
7 821
.374
8 439
.'438
S-30
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
SURVEY OF CURRENT BUSINESS
May inr.n
1958
March
April
May
June
July
1959
DecemAugust SeptemOctober November
ber
ber
**>«*
April
FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS— Con.
Coffee (green):*
Inventories (roasters', importers', dealers'), end of
2,307
quarter
thous. of bagscf1
5, 513
Roa^tings (green weight) quarterly total
do
« 1, 493
1,927
2,019
Imports
do
619
869
'360
From Brazil
_ .
- do
Price, wholesale, Santos, No. 4 (New York)
.550
.538
.513
dol. p e r l b _ _
Fish:
Stocks, cold storage, end of month
thous. of lb_. 110,574 101, 999 113, 827
Sugar:
Cuban stocks, raw, end of month
3,804
3,840
thous. of Spanish tons.. r 3, 004
United States:
Deliveries and supply (raw basis):
Production and receipts:
Production
short tons r 28, 457 Ml, 659 T 73, 047
562 195 578, 036 489, 760
Entries from off-shore total
do
62, 392 106, 732 103, 300
Hawaii and Puerto Rico
do
693, 569
Deliveries total
do
685 783
For domestic consumption
do
7,786
For export
do
Stocks, raw and refined, end of month
thous of short tons
1,748
Exports
short tons
370
Imports:
0
456,834
Raw sugar, total 9
-do
a
308,068
From Cuba
do
137,872
From Philippine Islands
- do
45 200
Refined sugar total
do
From Cuba
do
38, 870
Prices (New York) :
.059
Raw, wholesale
. __
dol. per l b _ .
Refined:
.539
Retail§
dol. per 5 Ib
.084
Wholesale (excl. excise tax)
- _ dol. per lb_
° 9, 881
Tea, imports
- --- thous. of Ib.
TOBACCO
Leaf:
Production (crop estimate)
_
- - mil. of Ib
Stocks, dealers' and manufacturers', end of quarter,
5,014
total
- mil. of l b _ _
Domestic*
336
Cigar leaf
do
Air-cured, fire-cured, flue-cured, and miscel4,423
laneous domestic
mil. of Ib
Foreign grown:
27
Cigar leaf
do
228
Cigarette tobacco
do
Exports including scrap and stems
thous. of Ib 0 35, 552
10, 313
Imports including scrap and stems
do _
Manufactured products:
14,638
Production manufactured tobacco, total. . _ _ d o
5, 349
Chewing plug and twist
do
6,590
Smoking
- - -do...
2,699
SnufT
do
Consumption (withdrawals):
Cigarettes (small):
2,624
Tax-free
millions32, 968
Tax-paid
do
439, 638
Cigars (large) tax -paid
thousands
Manufactured tobacco and snuff, tax -paid
thous of Ib
14 366
1,388
Exports cigarettes
millions
Price, cigarettes (regular), manufacturer to wholesaler and jobber, f. o. b. destination
4.281
dol per thous
711, 181
703, 039
8, 142
746, 725
740 595
6, 130
1,629
872
1,503
259
2,349
4, 954
1,307
'656
1,446
375
1,247
474
1,826
4 900
1,478
585
2,052
773
1,886
853
2, 114
5 570
2 030
877
1, 588
514
2,279
959
.415
2 410
5 829
2 252
1, 119
.485
.470
.460
.450
.441
.445
.423
134, 576
167, 720
187, 678
199, 656
210, 531
217, 556
214, 516
3,239
2,590
2,190
1,740
1,257
873
654
53, 122
614 660
113,400
'•31,766
631 860
196, 965
>• 15, 274 '104, 377
835 632 593 578
242, 597 229, 523
825, 682
297 890
120, 859
r
588, 066
r
814, 694
808 697
5,997
900, 621
888 147
12 474
915, 902
904 092
11,810
876 505
868 846
7 659
786, 725
778 259
8 466
624, 045
849, 564
572, 154
565 056
7, 098
547, 786
542 834
4,952
1,326
2,031
1, 100
698
830
328
691
362
1,040
623
1,695
4,121
r 1, 873
468
1,916
519
1,912
492
507
425, 698
329 818
95, 874
50 753
41, 948
443, 149
312, 146
123, 796
35, 932
29, 605
326, 335
220 034
104. 160
44 836
39, 796
349, 935
270 048
53, 200
38 805
29, 135
260,611
191, 899
59, 025
26 284
18, 884
258, 853
194 854
37, 039
15 143
3 936
291,391
222 777
2,965
3 047
1 050
292, 962
186, 624
54. 467
31, 364
23, 049
297, 859
169, 797
70, 835
45, 686
37, 552
387, 484
250, 080
111, 170
50 361
42, 586
r
r
r
647, 374
402 904
135 314
r
!80 075
70, 256
.410
.378
.378
187, 786 ^153, 778
141, 027
142,983
1,452
2, 776
186, 671
73, 925
593 251 r 438, 836
77, 556 !41, 154
596 387
152, 535
667
412,238
288, 253
116,057
50, 508
40, 214
359, 653
232, 638
121, 136
45 737
36, 483
.062
.063
.063
.063
.062
.064
.065
.063
.065
.062
' .060
v . 058
.539
.084
9,687
.540
.084
9,954
. 550
.086
6,143
.550
.086
8,229
.552
.086
8,784
.552
.086
7,278
.553
.086
8,546
.552
.086
8, 555
553
.086
11,121
.553
.086
8.498
.539
r
.085
8, 635
.552
f . 085
9, 057
1
1, 758
4,609
4,708
4,981
316
282
261
320
4,030
4,188
4, 480
4,247
4,841
22, 789
8,894
24, 055
13, 305
26
237
32, 247
10, 298
34, 903
14, 821
39, 831
12, 827
27
210
58, 767
12, 326
83, 620
14, 133
54, 713
11. 609
34
207
48, 889
10, 659
27. 470
13, 624
17, 019
11, 804
43
232
33, 219
12,883
15, 487
r 5, 793
6,863
2,831
16, 086
6,133
6,909
3,043
15, 351
6,071
6,368
2,913
13, 681
5,702
5,813
2,165
15,242
5,689
6,477
3,076
16,111
6, 095
6,894
3,122
17, 724
6,495
7,748
3,481
13, 455
5,394
5,481
2,580
13, 465
5, 255
5,274
2,936
14, 951
5, 919
6,083
2,949
13, 855
5, 433
5,647
2,775
14, 542
5,404
6, 143
2,995
2,604
35, 669
490, 051
2,765
37, 645
542, 127
2,679
38, 642
502, 876
2,840
36, 820
511, 637
2,964
39, 644
535, 995
2,995
38, 076
546, 698
3,291
40, 895
591, 711
2,657
34, 820
618, 107
2,711
33, 953
402, 108
2,636
36, 242
441, 969
2,674
34, 614
453, 356
2,784
35, 493
511,721
15 208
1, 420
15 654
1,728
14 889
1,577
13, 694
1,402
15 264
1,788
15, 670
1,532
17, 240
1,813
13, 207
1,525
13, 472
1,297
14, 526
1.350
13, 518
1,428
14, 325
1,478
4.281
4.281
4.281
4.281
4.281
4.281
4.281
4.281
4.281
4.281
4.281
P 4. 281
r
r
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:*
Value total 9
thous of dol
Calf and kip skins
thous. of skins
Cattle hides
thous. of hides
Imports:
Value, total 9
- _
thous. of doL
Sheep and lamb skins
thous. of pieces
Goat and kid skins
- _
do
Pi-ices, wholesale (Chicago):
Calfskins packer, heavy, 9^/15 Ib _ _ dol. per Ib .
Hides ^teer heavy native over 53 Ib
do
5,934
317
584
4,688
340
435
r 5, 694
303
r
610
3,895
217
386
' 3, 858
222
'380
3, 867
200
379
3, 649
201
351
5,231
241
514
5,080
224
451
3,997
14fi
389
3,882
165
341
4,142
119
380
5,019
177
390
4,204
1,793
1,853
6,403
5,474
1,959
4.63X
2,182
1,996
5,016
2,510
1,437
5,188
2,877
1,391
4,713
2,515
1,172
3,486
1.749
1,318
4,470
2,371
1,580
4, 036
1,442
1,474
5, 186
1,433
2,150
6,381
1.905
2.576
5,468
2,332
1, 958
9,690
6,364
2,243
.425
.093
.425
.108
.500
.113
.500
.118
.500
.123
.500
.133
.500
.118
.525
.128
.550
.133
.650
.123
.675
.133
v . 675
p .183
. 650
.118
LEATHER
Production:
644
689
727
624
645
687
542
646
600
699
626
717
Calf and whole kip
thous of skins
2,324
2, 150
2,139
2,031
1,942
1,892
1,652
1,979
1,877
2,020
1,863
2,040
Cattle hide and side kip
thous. of hides and kips
1,517
1,973
1,742
1,704
1,682
1,499
1,823
1,747
1 712
1 808
1,114
1, 763
Goat and kid
thous of skins
2,327
2,114
2,504
' 2, 360 2,358
2,377
2,243
2,345
1,961
1,970
2,206
1,908
Sheep and lamb
do
Exports:
1.342
1, 425
1, 532
1,234
1,823
1,185
1,476
1,965
1,010
986
1,335
1,126
1,629
Glove and garment leather*
_ _ . thous. of sq. ft-.
3 982
3,497
2 767
2. 988
4,060
3,366
3,569
3,952
2,633
2, 339
3,336
2,395
4,578
Upper and lining leather
- do
Prices, wholesale:
.630
.635
.640
P. 728
.625
.630
.635
.657
.697
.625
.630
.630
.657
Sole bends light, f.o b. tannery
dol. per Ib
Upper, chrome calf, B and C grades, f.o.b. tannery
r
1.192
1.218
1. 308
1.165
1.162
1. 188
1.188
1.198
1.168
1.188
1.308
dol. Der sa. f t _ .
1. 308 " 1. 345
r
l
Revised.
p Preliminary.
December 1 estimate of 1958 crop.
cfBags of 132.276 Ib.
9 Includes data not shown separately,
*Xew series (except for coffee price). Data prior to August 1957 are available from reports of the Bureau of the Census.
§Price for New York and Northeastern New Jersey.
-total,
205,247;
Cuba,
183.433;
tea—July, 8,593; November, 6,443:
"Revisions for 1957 (units as above): Coffee, total—September, 1,172; October, 1,660; December, 2,342; sugar (Xovember)tobacco—April, 10,201; October, 11,478.
SURVEY OF CURRENT BUSINESS
M.-i.v 1 !»r»i>
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
S-31
1959
March
April
May
June
July
October Novem- DecemAugust "-September
ber
ber
Jan-
uary
Febru-
March
April
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers: 9
Production, total
thous of pairs
Shoes, sandals, and play shoes, except athletic,
total- _ _ _
... __ . . . thous. of pairs _
By kinds:
Men's
do
Youths' and boys' _ . _
__.do _.
Women's
do
Misses' and children's
do_ ._
Infants' and babies'
do
Slippers for housewear
_ - do _
Athletic
_ ...do
Other footwear
do _
Exports
do -.
Prices, wholesale, f. o. b. factory:
Men's and boys' oxfords, dress, cattle hide upper,
Goodyear welt.
_. .
1947-49= 100. _
Women's oxfords, elk side upper, Goodyear welt
1947-49 = 100^.
Women's pumps, low-medium Quality
do
51,955
46 414
43 774
45 212
46 066
50 388
50 131
53 270
45 015
48 216
53 333
54, 258
57, 547
46, 524
40, 825
37, 316
38. 443
39, 860
42,411
41,594
43, 615
37, 153
43, 272
49, 472
48, 948
51, 476
8,729
2,155
25, 776
6,457
3,407
8,247
1,753
22, 769
5,001
3,055
7,647
1,805
20, 022
4,945
2,897
7, 895
1,813
21, 266
4,879
2,590
7,284
1,994
22, 482
5,596
2 504
8,144
2.111
23, 702
5,768
2 686
8 733
2,198
22 012
5,835
2 816
9,157
2,023
22 759
6,484
3 192
8 220
1, 703
18 846
5,500
2 884
9 150
1,990
22 269
6,420
3 443
9, 675
2,187
26, 229
7, 670
3 711
9,580
2,233
26, 269
7,321
3, 545
10, 425
2,318
27, 797
7,398
3,538
4,578
426
427
417
4,673
415
501
356
5.614
433
411
275
6,031
455
283
221
5,574
331
301
202
7 110
419
448
303
7 619
462
456
319
8 593
571
491
436
6 898
443
521
244
3 957
482
505
162
3 073
475
313
186
4,397
534
379
256
4,925
631
515
292
124.4
124.4
124.4
124.4
124.4
124.4
124.4
124.4
124.4
124.4
124.4
124.4
p 124. 6
133.9
119.5
133.9
118.7
133.9
118.7
133.9
118.7
133.9
118.7
133.9
118. 7
133.9
118 7
135.1
119. 5
134.8
119 5
134.8
120 2
134.8
120.2
134.8
120.2
p 134. 8
p 120. 2
LUMBER AND MANUFACTURES
LUMBER— ALL TYPES*
National Lumber Manufacturers Association:
Production total
mil bd ft
Hardwoods
do
Softwoods
- -. do _ Shipments total
do
Hardwoods
do _
Softwoods
do
Stocks (gross) mill, end of month, total
Hardwoods
Softwoods
Exports, total sawmill products©
Imports, total sawmill products©
SOFTWOODS}
Douglas fir:
Orders new
Orders, unfilled, end of month
Production.
_ _ _ _
Shipments
Stocks (gross), mill, end of month
do
do _ _
do
._ -
M bd. ft
do
mil. bd. ft
do
_do __
do
_ _ _do ...
2 529
433
2,096
2 568
479
2,089
2 659
447
2,212
2 819
466
2,353
2 807
454
2,353
2 930
466
2, 464
2 864
517
2, 347
2 911
470
2 441
2 790
480
2,310
2 888
444
2 444
3 031
522
2 509
3 081
499
2 582
3 116
543
2 573
3 174
503
2 671
3 237
520
2 717
3 239
525
2 714
2 688
525
2 163
2 623
536
9 087
2 678
463
2 215
2 640
461
2 179
2 629
478
2 151
2? 641
479
2 162
2 618
' 485
2, 133
2 655
513
2 142
2 964
597
2 367
3 111
591
2 520
9,534
3,447
6,087
9,376
3,428
5,948
9,254
3,416
5 838
9,206
3, 463
5,743
9 106
3,499
5 607
9 056
3, 522
5 534
8 998
3 562
5 436
9 001
3 557
5 444
9 062
3 546
5 516
9 100
3 548
5 552
9 106
3 548
5 558
9,076
3, 520
5 556
8 945
3 506
5 439
61, 591
247, 476
57, 181
238, 044
69, 793
258, 851
57, 785
290, 069
62, 920
313, 697
77 962
334, 024
67 480
390, 936
62 292
339 377
56 648
312 828
56 670
309 872
48 454
257 384
45 213
258, 844
86 748
333 370
653
518
782
580
691
720
1,062
782
633
711
730
1,043
668
571
666
730
979
815
690
607
696
890
750
727
683
713
860
693
643
727
777
810
628
519
762
752
825
563
512
605
570
856
734
600
614
646
824
696
660
641
636
846
603
681
588
582
859
709
662
706
799
865
22 052
10, 160
11, 892
23 857
10, 044
13,813
20, 766
9,423
11,343
14 819
7,467
7,352
18 424
8 560
9 864
21 260
10 124
11,136
16 152
8*342
7 810
17 152
7 430
9 722
21 673
9 254
12 419
20 731
10 197
10 534
16 574
7 437
9, 137
23 724
14 191
9 533
75. 589
76. 073
75. 950
75. 956
80. 577
83. 202
81. 543
79. 072
78. 659
79 907
82. 279
z>84 624
115. 675
120. 750
120. 582
121.002
121. 002
665
627
1,091
20 639
Exports total sawmill products
M bd. ft
10, 270
Sawed timber
do .
Boards, planks, scantlings, etc
do _. 10, 369
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
dol. per M bd.ft.. 75. 834
Flooring, C and better, F. O., 1" x 4", R. L.
dol. per M bd. f t . _ 114. 305
Southern pine:
Orders, new
.. _
_ _ mil. b d . f t 562
Orders, unfilled end of month
do
151
Production
.
do
564
Shipments
do
562
Stocks (gross), mill and concentration yards, end of
month
mil. bd. ft
2,020
Exports, total sawmill products
M bd. f t _ .
6,236
Sawed timber
do
1,087
Boards, planks, scantlings, etc . __
do_ _
5,149
Prices, wholesale, composite:
Boards, No. 2 arid better, 1" x 6", R. L.
dol. per M bd. ft
74. 643
Flooring, B and better, F. O., 1" x 4", S. L.
dol. per M bd. f t _ - 142. 352
Western pine:
Orders new
mil bd ft
394
Orders, unfilled, end of month _
do
334
541
Production
do
Shipments _
_.
do
554
Stocks, gross, mill, end of month
do
1,968
Price, wholesale, Ponderosa, boards, No. 3 common,
1" x S"
_ .
dol. per M bd. ft.
67. 520
1
1
r
121.072 ' 123. 808 P126 433
112.498
111. 169
111. 169
110. 556
645
184
597
612
644
191
594
637
613
194
596
610
652
195
614
651
717
252
603
660
685
245
626
692
695
207
710
733
599
194
616
612
535
173
611
556
595
188
613
580
605
219
582
574
702
248
636
673
2 005
7,287
1,800
5,487
1 962
6,754
1, 115
5,639
1,948
6,521
1,410
5,111
1,911
6, 547
1,488
5,059
1 854
5,690
909
4 781
1 788
7, 254
1 654
5 600
1 765
7,143
1 605
5 538
1 769
5^676
1 211
4 465
1 824
6, 845
974
5 871
1 857
5,103
1 129
3 974
1 865
4,855
1 002
3,853
1 828
5 950
1 241
4 709
74. 496
i 75. 045
75. 149
i 75. 347
75. 921
76. 726
77. 482
78.574
78. 181
'78.184
137. 536
136. 782
136. 782
137. 656
137. 656
136. 752
137. 128 ' 136.902 pl37. 189
1
1
140. 672
140. 014
137. 624
658
467
589
660
1 899
640
421
693
724
1 869
659
410
717
709
1,876
783
493
751
738
1 887
723
512
847
816
1 918
772
483
836
801
1 953
716
378
844
821
1 976
546
346
612
578
2 010
747
439
653
654
2 009
67. 930
68. 530
68. 530
67. 990
67 600
69 260
70 770
71 070
70 790
3,725
13, 500
3 050
3,150
12, 000
3,200
13, 525
3 125
3,425
10, 825
3,600
12, 400
3 100
4 300
9,550
3 800
11, 500
3 500
4 100
9, 150
4
11
3
3
8
225
350
575
850
850
3 275
11 125
3 750
3' 375
9 200
3 250
11 025
3 600
3 200
9' 750
3
11
3
3
9
725
675
250
175
900
3 400
13 100
3 400
2 500
10 850
3 600
12 725
3 150
2 750
ll' 225
87 723
55 360
71,535
78 185
92, 963
80 068
56 108
73, 987
80 553
84. 457
72 949
51 891
75, 231
78 Oil
81 677
75
52
77
77
80
89
58
78
83
75
5C)8
334
505
190
588
76
53
82
82
74
70
41
89
86
76
59
35
71
66
79
230
596
184
745
370
56
33
70
61
88
97
54
75
74
84
657
483
555
613
1 951
P
651
488
617
645
1 923
78 661
775
527
658
736
1 845
274 940 ' 2 73 470 p2 75 990
HARDWOOD FLOORING AND PLYWOOD
Flooring:
Maple, beech, and birch:
Orders, new
_ _
M bd. ft
2,700
Orders, unfilled, end of month
do._.
13, 025
Production
do
3,025
Shipments
do
2,625
Stocks (gross), mill, end of month _ _
do_.
11, 125
Oak:
Orders, new
do
70 590
Orders, unfilled, end of month .
do
45, 822
Production...
_. .
. - . _ . _ ._ _ _ _ __do.
66, 416
Shipments
do
67 033
Stocks (gross), mill, end of month
_ do
101,086
Plywood (except container and packaging) , qtrly . total :J
Shipments (market)
M sq. ft., surface measure.. 175, 231
176,285
867
030
877
688
587
725
875
603
947
097
214,489
840
084
426
594
877
877
71
641
194
261
9
226, 640
920
i 34
119
853
693
3 050
12 800
3 150
3 000
11 400
3
13
3
3
11
500
325
500
175
67 5
99 of)i
77' 913
77 302
82 964
70 029
95 050
r 72 518
70 769
76' 666
r 77 062
1
' Revised.
* Preliminary.
1 Not entirely comparable with data prior to the month noted.
2 N:ot comparable with data through 1958; price is for boards, No. 3, 1" x 12", R.L. (6'
and over),
9 Revisions for production for January 1955-July 1957 will be shown later.
O Revisions for lumber, all types (M bdft.): Exports—May 1957, 68,170; January 1958, 50,574; imports (1957)—February, 206,716; July, 293,848; September, 263,301; December,1 224,74,5.
tRcvisions for lumber production, shipments, stocks, and orders for 1955-1957 will be shown later; those for plywood shipments (3d quarter 1953-4th quarter 1957) are available upon request.
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
Mav 1950
1958
March
April
May
June
1959
DecemAugust SeptemOctober November
ber
ber
July
January
February-
Mar ch
April
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfrs.):
Exports, to taltt thous. of short tons..
Scrnpt
_ - do
Imports totaltf
do
Scrap
do
Iron and Steel Scrap
Production and receipts, total
thous. of short tons._
FTome scrap produced
do
Purchased scrap received (net)
do
Consumption total
do
Stocks consumers' end of month
do
642
335
128
20
'630
r
340
130
9
650
369
143
15
'427
245
181
22
382
196
242
26
360
* 166
212
38
'386
229
31
547
254
297
47
485
224
248
39
334
140
296
21
403
219
254
14
457
266
268
18
490
286
320
20
4.314
2. 583
1.731
4,164
9,060
4.000
2, 358
1. 641
3,841
9, 239
4.208
2,527
1,681
4,326
9,124
4,619
2,802
1,817
4,938
8,807
4.230
2,464
1, 766
4.163
8,876
4,731
2 699
2,032
4,707
8.903
5,113
2 945
2, 168
5,009
9 014
5.700
3 313
2,388
5.702
9 008
5.669
3 151
2 518
5,380
9 300
5. 867
3 382
2 485
5. 571
9 594
5. 752
3 517
2 236
6, 020
9 331
6, 176
3 640
2 536
r
6, 337
r
9 181
7,514
4 323
3,191
7,460
9 225
3.012
1,411
1,568
2.997
1, 534
1, 736
5, 439
5. 208
2,257
8,118
9,071
3,008
8.698
10, 503
2,951
8. 665
9.977
2,854
9 026
9 944
2,863
8, 576
10, 108
3,281
3 978
5,560
2,138
3 042
1.474
1,882
3 337
1, 552
1,970
3 665
1.493
1,482
1,874
2, 885
6. 947
67
63, 254
12 228
46, 272
4, 754
3,099
5, 934
83
61,636
13 693
43. 437
4.506
6.161
6. 217
298
61.829
13 993
43, 381
4. 455
10. 959
6. 674
468
65, 232
12 972
47. 667
4, 593
12. 445
6. 624
698
69,764
11 170
53, 725
4, «69
11,769
7.419
605
73. 332
9 858
58, 075
5.399
12 150
7,900
505
76 962
8 950
62, 325
5 687
12, 645
9,128
420
79. 217
7 518
65, 843
5, 856
9 324
9,262
157
77 151
5 935
65, 904
5, 312
3,948
9.588
35
73 347
7 505
60, 265
5, 577
3 164
9,828
47
68 134
9 063
53, 601
5 470
3.046
9.699
43
63 621
11 448
46, 944
5.229
38, 602
4, 569
141
98
r77
81
86
71
97
65
90
72
107
73
80
4.419
4, 283
3,788
3,784
4,048
4,135
4.396
4,546
4.278
4,279
4.769
4,843
5, 041
5, 068
5. 836
5, 868
5.907
5, 813
6, 025
5, 958
6,212
6. 283
6,147
6, 303
7, 462
P 7, 626
4,022
4,032
3,923
3,831
3, 851
3,757
3, 740
3,784
3.882
3, 964
3,895
3. 692
p 3, 549
65. 95
66.00
66. 50
65. 95
66. 00
66.50
65. 95
66.00
66.50
65.95
66. 00
66. 50
65. 95
66.00
66.50
65.95
66.00
66. 50
65. 95
66. 00
66 50
65.95
66. 00
66. 50
65. 95
66. 00
66. 50
65. 95
66. 00
66 50
65. 95
66. 00
66. 50
65. 95
66. 00
66. 50
65. 95
v 66. 00
p 66. 50
590
796
447
582
807
457
570
820
472
573
868
542
580
792
466
014
802
514
645
917
538
620
993
587
602
958
505
608
998
509
687
1. 002
517
767
1.037
539
54 330
51 . 708
29, 624
47 664
50, 695
29, 388
46 603
48, 306
26, 656
48 260
51, 882
31,077
58 340
41,865
24, 479
55 145
49' 252
29 414
58 405
56 836
31 999
63 425
60 981
40,014
66 725
63 356
35, 221
65 904
68 385
40' 041
77 322
73 186
43 667
90 291
74' 760
42 093
6, 255
52
87.9
5, 533
48
80.4
6,301
53
88.6
7,127
62
103.5
6. 442
54
90.6
7.308
61
102.7
7, 632
66
110.9
8.840
74
124.3
8, 569
74
124.5
8.711
73
122.4
9,317
74
131.0
9,603
85
149.5
r 182
Ore
Iron ore (operations in all U. S. districts):
Mine production
thous of long tons
Shipments from mines
do_ _Imports}:
do
U. S. and 5foreign ores and ore agglomerates:
Receipt at iron and stfel plants*
Consumption at iron and steel plants*
Exports incl reexports*^
Stocks total end of month*
A.t furnace ynrds*
\t IT S docks*
do
do
do
do
do_ __
do
Manganese (manganese content), general imports*}:
thous of long tons. Pig Iron and Iron Manufactures
Pig iron:
Production (excl. blast furnace prod, of ferroalloys) f
thous of short tons.Consumption
do
Stocks (consumers' and suppliers'), end of month
thous. of short tons. .
Prices:
Composite
dol. per long ton.
P>asic (furnace)
do
Foundry No 2 Northern
do
Castings, gray iron:
Orders, unfilled, for sale, end of month
thous of short tons
Shipments total
do
For sale
- do__ Castings, malleable iron:
G!h'
'
t
* t 1
''
'
'
' d o
For sale
do
Steel, Crude and Semimanufactures
Steel ingots and steel for castings:
Production
thous. of short tons. _
r
r
r
r
3,543
11.512
54
65. 95
' 11, 568 p 11,272
92
93
162. 6 1 163. 7
Index*
1947-49=100-Steel castings:
92. 861
91,464
87, 002
95 389
68, 802
106,233
85, 267 103, 800 105,392 110,280
80, 886
85 277
Shipments total
short tons
71, 624
48. 618
66, 086
73. 367
65, 788
82, 195
69, 121
86,013
82 683
59 816
64 586
81 360
For sile total
do
12.
254
14,
185
5,400
10.416
9. 648
11,956
14.686
16.180
14.408
8,021
9
205
13, 187
Railway specialties
do
Steel forgings (for sale):
246.2
241.9
240.1
306.
5
302.9
256.
5
265.
9
395.9 I
313.
1
353.3
279.0
'
392. 0
287
9
Orders unfilled end of mo
thous of short tons
89.0
128, 7
99.7
87.8
78.5
112. 5
112.9
67.4
82. 5
89.4
79.9
92.3
'112.7
Shipments total
do
70.0
104. 0 i
65.
3
56.
7
77.1
50.8
69.1
60.
6
91.5
91.6
90.7
61.4
70.0
T)rop and up sot
do_
r
16.6
20.9
22.5
21.9
21.8
24.7
19.0
23. 1
21 2
22.3
19.4
18.5
PFPSS £nd open hammer
do
Prices:
.0677
. 0677
.0677
.0677
. 0698
.0698
. 0698
.0698
. 0697
. 0698
.0677
.0698
.0695
. 0697
Composite, finished steel (carbon)
dol. per l b _ _
Steel billets, rerolling, carbon, f. o. b. mill
95. 00
92.50
92. 50
92. 50
95. 00
95. 00
92.50
92.50
95.00
95. 00
95.00 v 95. 00
95.00
dol per short ton
.0594
.0594
. 0594
.0594
.0617
.0617
p. 0617
. 0617
.0594
. 0617
.0617
.0617
0617
Structural shapes (carbon) f o b mill dol per Ib
Steel scrap, No. 1 heavy melting:
34.69
32.36
41.48
41. 67
36.02
33. 12
41.81
35.58
41.89 J> 41. 36
39.81
41.77
40.40
Composite (5 markets)*
dol per long ton
36.00
i 34. 00
i 43. 00
32.00
i 43. 00
42. 50
36.00
43.50
35.00
43.00 p 44 00
42 00
43 00
Pittsburgh district
do
Steel, Manufactured Products
Barrels and drums, steel, heavy types (for sale):©
1,502
1,646
1,613
1,690
1,602
1,638
1,781
1.629
1,707
1,491
1, 666
1,648
Orders, unfilled, end of month
thousands r
r
r
' 1, 876 r 1.844
1.882
2 1, 796
1,807
1, 924
1.838 ' 2, 134 r 1,905 ' 1.658
1, 803 2 1, 809
Shipments
- - do_
80
104
87
76
89
81
74
88
Stocks, end of month.
_ _ _ _ _ _ _ _ _..do
130
80
Cans, metal, shipments (in terms of steel consumed), r
353, 610 ' 320, 902 T 365, 895 r 408, 778 ' 477, 800 T 593, 158 r 556, 406 r 449, 257 315.759 r 288, 650 314, 161 304, 202
total for sale and own uset
short tons
' 214, 189 'r 178, 860 rr 198, 463 'r 222, 535 r' 288, 590 \r 418, 405 --392,306 r 287, 594 183, 969 ' 153, 086 179,875 175,213
Food
do
r
139, 421 142, 042 167, 432 186, 243 189, 210 ' 174, 753 ' 164, 100 '161,663 131, 790 ' 135, 564 134,286 128, 989
\onfood
_
do
953 256, 844
-306,317 r 263, 880 ' 307, 083 ••352,469 ' 417, 980 r 524, 133 r 480, 502 ' 390, 800 272, 808 ' 244, 427 262,
Shipments for sale
- do
r
1,444
1,322
1, 653
1,433
1,581
1.422
1, 365
1,279
1, 558
1,442
1, 426
1, 653
Closures (for glass containers), production! millions
24, 142
22, 354
27, 713
29, 888
23, 135
24. 026
23, 298
22, 795
21, 462
?4 633
18, 294
23, 340
Crowns production
thousand gross
Steel products, net shipments:
5, 512
5.187
6,225
5,746
4,082
4,373
4,649
5,386
4,449
6,524
4.835
8,118
6. 186
Total (all grades)
. -thous. of short tons
246
246
232
248
120
178
193
176
220
207
344
270
248
Semifinished products
do
352
399
352
448
337
387
295
388
554
349
317
360
410
Structural shapes (heavy), steel piling. _ - do 452
461
502
321
394
404
500
471
401
509
398
651
558
Plates
do
69
109
104
69
68
58
54
51
105
101
56
167
123
Rails and accessories
- - - - do_
r
2
Revised.
* Preliminary.
i Nominal.
Revision for February 1958, 1,678 thousand.
fRevised (beginning with the October 1958 SURVEY) to exclude data for ferroalloys; in 1957, such exports and imports averaged 5,490 tons and 34,200 tons per month, respectively. Pig-iron
production excludes blast-furnace production of forromanganese and spiegel, averaging 80,300 tons per month in 1957.
*New series. Iron-ore receipts, consumption, and stocks at furnaces and at docks (compiled jointly by the American Iron Ore Association and the American Iron & Steel Institute} cover
ores originating in the U. S. and foreign countries. Data beginning 1956 will be shown later. Iron-ore exports and manganese imports are from the Bureau of the Census; general imports of
manganese cover ore, concentrates, manganiferous iron ore, manganese alloys, and metal. The steel index (AISI) is based on daily average Droduction, unweighted by grades of steel (FRB
index on p. S-2 is weighted); monthly data for 1929-58 appear on p. 28 of this issue of the SURVEY. Composite scrap price (U. S. Department of Labor] represents the weighted average of
consumers' buying prices (including brokerage), delivered, at following markets: Pittsburgh district, Chicago, Philadelphia, Los Angeles, Birmingham.
cf For 1959, percent of capacity is calculated on annual capacity as of Jan. 1, 1959, of 147,633,670 tons of steel; for 1958, as of Jan. 1, 1958 (140,742,570 tons).
©Beginning January 1957, data include light-type grease drums; see note marked "9" in September 1958 SURVEY. Figures for stocks not publisheed after December 1958.
^Revisions for January 1956-February 1958 will be shown later.
Mny
SUEVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics throueh 195G and
descriptive notes are shown in the 1957 edition of i
BUSINESS STATISTICS
! March
i
S-33
1959
lore
iyi)S
April
May
June
July
August SeptemOctober Novem- December
ber
ber
January
February
March
April
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel, Manufactured Products— Continued
Steel products, net shipments— Continued
Bars and tool steel, total - _ . thous. of short tons. _
Bars: Hot rolled (incl. light shapes) _
do
Reinforcing
__ __ do _
Cold
finished
do
Pipe and tubing
do
Tin mill products
do
Sheets and strip (incl. electrical), total
-do __
Sheets- Hot rolled
do
Cold rolled _ __
do
Fabricated structural steel:
Orders, new (net)f
thous. of short tons__
Shipmentst
- -- ---do __
Backlog, end of month f
do
626
399
141
80
454
628
376
176
71
511
240
516
1,517
251
565
1,396
285
491
1, 508
196
337
2,542
208
324
2,387
224
328
287
329
2,211
2, 191
416
710
387
628
685
415
191
73
592
437
661
906
542
274
85
740
354
522
1,932
574
852
587
344
175
63
513
197
514
1,484
414
675
719
455
180
79
567
252
560
1,744
474
800
810
518
193
94
561
263
633
2 102
617
965
887
594
184
102
625
283
917
2 338
687
1 074
821
559
152
102
533
251
157
2 317
653
1 132
839
579
143
110
527
237
200
2, 506
694
1,253
888
623
134
123
679
268
498
2 648
731
1 339
938
656
141
133
706
279
526
2 714
784
1,330
1 211
825
217
159
930
362
714
3 185
928
1 557
331
291
2, 220
226
298
2,119
256
314
2,047
259
307
1 913
243
271
1 839
197
267
1 809
236
224
1 794
294
216
1 864
255
260
1 873
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary, domesticshort tons__ 134, 019 124, 999 126, 327 115, 326 118,541 125, 416 r 125, 939 139,836 140, 962 152, 301 P156, 708 pH2, 117
22, 802
24, 573
24, 128
Estimated recovery from scrap0
do _
22, 630
31,017
32, 513
20, 803
20, 697
26, 738
29 981
26, 285
Imports (general):
24,
949
11,
283
14,
076
M^tal and allovs. crude
do
15,
127
27,
306
25
343
46
366
22
132
15
077
12 720
14 233
18
768
9 724
T
"• 2, 073
r 2, 126
2,284
Plates, sheets, etc t
- -do - .. r 2, 028
2, 006
2 574
3 516
3 459
2,410
2 866
3 570
4 390
2 863
Stocks, primary (at reduction plants), end of month*
short tons.. 189, 999 187, 390 183. 557 168, 096 152, 554 145, 205 r 124,274 124, 202 138, 545 145, 721 pl70, 068 P186, 483
.2810
.2610
. 2610
.2610
Price, primary ingot, 99.5%-fdol. per lb_
.2610
.2678
. 2680
.2680
.2680
2680
.2680
.2680
2680
2680
Aluminum shipments:
246.9
276. 1
280.7
302.5
300. 2
301.1
Mill products and pig and ingot (net)J .mil. of l b _ _
333.0 rr 351 4
374.7
347 7
302.5
319 0
211.5
218.1
228.6
213.4
187.0
235. 4
231.2
229.7
Mill products, total
._- _ _ d o _ _ _
216.3
236. 3
254. 3
230 7
97.4
112.5
118.4
115.7
119. 3
121.7
118.8
110.0
Plate and sheet
__
do.__
114.5
122. 7
122 5
130 4
44.
1
44.9
50.5
40.7
38.8
45 0
55 8
59 5
62 9
52 8
CastincsA
do
62 8
55 7
Copper:
Production:
r
84, 121
78, 413
68, 145
94, 754
67,057
82, 988
61, 200
94, 056
97, 102 87, 902
Mine, recoverable copperA
short tons_. 87, 146
98, 036
92 140
104, 530 103, 689 107. 431 103, 197
94, 963 104, 630 114 662 121 052 126 828 138 570 127 989 120 645 131 808
Refinery primary
do
75, 560
76, 757
83, 091
78, 597
67, 912
73, 693
99 594 108, 333 101 990
From domestic ores
_
_do
95, 701 101 426
82 602
88' 564
27, 773
28, 129
24. 340
24, 600
27, 05]
30 937
30 243
24 944
25 999
30 382
32 488
From foreign ores
do
27 234
32 060
16, 277
19, 253
Secondary, recovered as refined
__
_ do
19, 349
18, 200
15, 131
17, 133
21, 006
21 298
18, 746
20 265
22 680
16 116
19 060
Imports (general):
r
r
T
52, 627
58, 900
33, 705 r29, 414 r34 346 r 98 194
Refined unrefined scrap©J
_
do_ __ 48, 945
32, ?58
47 798
43 860
37 155
40 803
31 270
r
20, 542
14, 940
7,871
19, 558
9, 575
4, 223
Refined
do
4 453
2 862
5, 172
~2 940
11 120
3 548
3 815
Exports:
27, 987
25, 192
30, 326
27, 539
43, 482
52, 329
43, 851
Refined, scrap, brass and bronze ingots
do
27, 921
25, 034
49, 577
22, 992
36, 618
47, 284
22, 584
23, 920
36, 746
26, 130
40, 551
Refined
do _
21. 232
45 587
44 498
22 196
20 816
32 238
43 141
19 404
80, 114 116, 250 114 979 137 132 122 015 126 999 ^125 216 r?i25 543 pl37 736
91,946
85, 276 108, 351
Consumption, refined (by mills, etc.)
_ __ do __ 94, 621
r
364, 803 375, 005 379, 069 367, 381 360, 104 316, 448 268 726 207,222 189,088 181,848 pl81 791 pl83 542 •p 181 003
Stocks, refined, end of month, total
_. ._ _do
136, 623 136, 679 137, 508 137, 484 136, 432 118, 422 110 925 100 992 118 153 126 651 rpl26 712 rpi24 553 P 122 799
Fabricators'
do
.2402
.2425
2567
.2430
2469
Price bars electrolytic (N Y )
dol per Ib
2867
2609
2858
2864
2962
2608
2731
3103
3130
Copper-base mill and foundry products, shipments
(quarterly) :
P 555
414
422
534
Br iss mill products
mil. of Ib
419
333
324
Copper wire mill products 0
do
398
P 426
359
202
187
Brass and bronze foundry products
do
225
p 229
190
Lead:
Production:
25, 598
24, 243
22, 620
22, 929
Mine, recoverable leadA -short tons.. 18, 126
23, 397 r 21 350
20, 996
19, 455
21 865
19, 360
21 129
20 960
29, 811
26. 586
24, 864
28, 266
Secondarv, estimated recoverable©
do. __ 26, 329
30, 192
28, 651 33, 341
23, 563
32, 307
33, 771
31 845
53, 597
59, 984
50, 794
35, 662
Imports (general), ore®, metal _ ...
do_ _. 67, 865
34 812
53, 771
39, 797
51 147
34 686
36, 683
54 882
24 307
79, 400
78, 000
75, 800
80, 000
79, 500
83, 000
Consumption, total _ _
do _.
85, 900
84, 300
90, 200
92, 500
88, 400
84 200
Stocks, end of month:
Producers', ore, base bullion, and in process©
(ABMS)
short tons- 115, 309 117, 996 110, 238 110, 532 116, 016 113,773 107, 844
94, 003 101, 641 104, 835
96, 902 103, 576
93, 469
Refiners' (primary), refined and antimonial©
short tons.. 127, 938 142, 232 154, 105 162, 476 164, 072 168, 495 169, 958 168, 654 178, 551 197, 725 208, 218 214, 292
113,950 111,599 119, 167 113,470 105, 085 101, 357 106, 692 117, 519 118, 272 115, 992 118,119 114, 639
Consumers', total
do
44, 569
42, 543
39, 211
35, 310
36, 025
34, 864
Scrap (lead-base, purchased), all consumers_-do
46, 351
54, 685
31, 689
36, 964
49, 218
40, 296
.1300
.1200
.1171
.1122
.1100
Price, pig, desilverized (NT. Y.)
dol. per lb._
.1300
.1086
.1300
.1267
.1141
. 1156
.1087
.1264
. 1119
Tin:
Imports (for consumption):
1,050
«- 1
1,279
1,796
0
45
Ore©*
_ _
-..long tons .
2,037
115
94
3 416
110
48
54
4, 267
3, 173
2,621
4,510
2,153
Bars, pigs, etc
do
3 655
4 232
4 227
2 989
3 558
3 001
4 374
4 662
1,450
Estimated recovery from scrap, total©*.
do_ .- i 5, 250
1,600
1, 860
1,650
2,025
1,800
1,850
1,820
1,710
1,940
i 786
286
360
A p metal __
do_ __
220
325
260
265
330
300
260
340
5, 920
6,000
5.840
Consumption, pig, total
.
do
5,775
6,065
5,765
6, 940
5 630
6 135
6 860
6 380
6 785
3,880
3, 975
3,885
3,830
3,955
4,250
Primary
do
4, 115
3,650
4, 350
4,710
4,490
4 *>45
228
42
179
Exports, incl. reexports (metal)... .
do._ .
42
7
295
148
69
112
30
103
205 r
153
Stocks, pig (industrial), end of month
do. _. 20, 925
19, 655
20, 480
18, 920
22, 025
21, 820
20, 065
20, 980
20, 690
20, 560
22 425
21 160
.9433
.9298
. 9462
.9489
.9494
.9449
Price, pig, Straits (N. Y.), prompt
dol. per lb_.
.9896
.9401
.9935
.9897
. 9647
1. 0271
1. 0303
1.0250
Zinc:
32, 452
Mine production, recoverable zincA
short tons_. 35, 878
39, 677
35, 675
33, 102
28, 776
32, 391 32, 003 35, 436 r 35, 709
30, 209
29, 300
36, 090
Imports (general) :J
53, 244 r 43, 320
42, 090
35, 499
Ores and concentrates©
_
do
34, 915
31, 222
23, 998
26, 312
32 956
48 083
50 182
51 165 36 892
16, 901
13, 554
13, 304
11, 864
Metal (slab, blocks) _ __
do
24, 178
18, 320
20, 898
16, 872
12, 790
14, 951
18, 670
6*807
16 006
Slab zinc:
Production (primary smelter), from domestic and
66, 572
63, 551
61,052
67,167
58, 461
58, 992
foreign ores.. .
short tons. . 69, 040
61, 024
61, 051
71, 101
71, 336
65 888
Secondary (redistilled) production, total
do
3,234
3,642
4,122
3,851
3,416
4,466
4,068
4,402
4,713
4,280
5,145
5,286
58, 432
68, 590
Consumption, fabricators', total . _ .
do
59, 978
61, 907
75 202
75, 022
82 819
70, 033
60, 007
78 982
79 506
77 010
11
1
2
136
10
79
Exports
do
16
433
161
281
183
10
746
Stocks, end of month:
203, 641 221, 171 240, 670 252, 979 257, 911 251, 529 238, 116 210, 176 191, 744 190, 237 195, 777 200, 461 206, 083 203, 863
Producers', smelter (AZI)
do
63, 484
75, 955
71, 820
70, 224
63, 398
62, 278
74 316
62, 959
Consumers'
do
89 261 r §5 Q80
81 570
83 129
.1000
.1000
.1000
Price, prime Western (St. Louis)
dol. per l b _ _
.1000
. 1000
.1000
.1000
.1084
.1137
. 1150
.1150
.1142
. 1100
. 1100
Zinc oxide (zinc content of ore and concentrates
6,041
6, 376
6,819
6, 070
6,879
7,800
8,038
used in production)
short tons...
8,126
9,093
7,421
8,935
7,942
8, 096
«• Revised.
* Preliminary.
' Total for January-March.
fData for 1947-57 have been revised to incorporate adjustments to materials from the 1954 Census of Manufactures; revisions appear on p. 19 of the November 1958 SURVEY.
©Basic metal content.
\ Revisions for 1957 will be shown later.
ARcvisions for aluminum castings (1955) and copper, lead, and zinc mine production (1956) will be shown later.
*Xew series. Source: U. S. Department of the Interior, Bureau of Mines, except imports of tin ore (Bureau of the Census). Tin recovery data represent total secondary tin recovered from
scrap processed in the United States. The total includes tin recovered in all forms covering alloys, solder, type metal, babbitt, etc., as well as in metal (secondary pig tin and remelt tin) which
is shown separately. Data in 1957 BUSINESS STATISTICS represent total production (both primary and secondary).
SURVEY OF CURRENT BUSINESS
3-34
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
May 1!).7.>
1958
March
April
May
Jane
July
1959
DecemAugust SeptemOctober November
ber
ber
January
Fcbruary
March i April
METALS AND MANUFACTURES—Continued
HEATING APPARATUS, EXCEPT ELECTRIC
Radiators and con vectors, cast iron:
Shipments
thous. of sq. ft. of radiation _ .
Stocks, end of month
do
Oil burners:!
Shipments
numbe>'
Stocks, end of month
do
Stoves and ranges, domestic cooking, incl. built-ins:tO
Shipments total
- number
C'oal and wood
_ do _
OT.S (incl bungalow and combination) JO
do
Ivero^cnc "'asoline and fuel oil
do
Stove^ domestic heating, shipments, total}© . do .
Coal and wood
do
Gi^©
do
Kerosene gasoline and fuel oil
do
1,890
4, 405
1,361
4,807
1, 135
5,403
1,440
5,769
1,457
5,300
2, 095
4. 950
2,643
4,097
2, 765
3,355
1, 775
3, 182
1,253
3,182
30, 695
45, 002
33, 073
52, 440
40, 840
49, 881
48, 403
52, 485
45, 047
47, 782
58, 921
41, 968
74, 611
35, 265
79, 000
30, 413
51, 765
30, 788
40, 695
32, 434
162,468
3, 493
149,398
9,577
155,466
2, 764
148,341
4, 361
156,714
2, 924
147,263
6,527
164,754
3, 648
155,860
5,246
137,910
3, 668
129,262
4, 980
168,803
4. 489
157,436
6,878
194,890
5 659
182,546
6, 685
224,902
5. 616
211,904
7,382
181, 527
3, 985
171, 096
6, 446
189, 567 r 177, 406 182, 707
' 4, 367 3, 949
4. 159
180, 903 • 1r(>7, 699 172 432
6, 326
5, 340
4, 445
114,983
11,999
69, 387
33, 597
100, 038
11,632
61,214
27, 192
97, 378
12,375
63, 702
21,301
145, 234
17, 334
98, 481
29, 419
202, 594
24, 720
131, 441
46, 433
263, 185
35,013
175, 457
52,715
333, 778
58, 129
218, 012
57, 637
367,117
61, 183
243,032
62, 902
200, 988
29, 482
141,479
30, 027
132, 444
16, 430
90, 421
25, 593
71,992
50, 808
19,314
1,870
218, 673
79, 758
56, 373
21, 802
1,583
205, 764
98, 608
69, 800
26, 044
2,764
226, 886
94, 064
65, 254
25, 941
2, 869
217, 383
124, 199
85, 356
34,911
3,932
211, 634
153,269
103, 852
43, 818
5,599
224, 691
145,350
100,103
40, 100
5, 147
254, 743
114,726
81, 070
30, 179
3,477
193, 146
90, 952 •- 89. 053
65, 789 "• 64, 128
22, 932 r r22, 821
2, 104
2,231
203, 977 ' 252, 913
AV arm-air furnaces (forced-air and gravity air-flow),
72,716
shipments totall©
number
52, 036
Gas
do
18, 884
Oil
do
1,796
Solid fuel
do
220,
009
AVater heaters gas shipments!
do
MACHINERY AND APPARATUS
Blowers, fans, and unit heaters, quarterly totals:
Blowers and fans, new orders
thous. of doL n 34, 282
r 18, 428
Unit-heater group, new orders D
do
Foundry equipment (new), new orders, net
85.9
mo. avg. shipments, 1947-49=100
Furnaces, industrial, new orders, net:
803
Flectric processing
_ thous. of doL .
1,083
Fuel-fired (except for hot rolling steel)
do _
Industrial trucks (electric), shipments:
459
Hand (motorized)
number
394
R ider-tvpe
do
Industrial trucks and tractors (gasoline-powered),
1,453
shipments
number
Machine tools (metal-cutting and metal-form in g):f
36.15
New orders (net) total
mil of dol
29.80
Domestic
do
54.15
Shipments, total
do
48.50
Domestic
do
2.7
Fstimated backlog
months
Other machinery and equipment, quarterly shipments:
Construction machinery (selected types), total 9*
thous. of dol_ . 178,142
56, 852
14, 666
Tractors, wheel (contractors' off-highway) _ _ d o
Tractor shovel loaders, integral units only (wheel
31,
221
and tracklay ing types)
thous. of dol__
Farm machines and 71equipment (selected products),
excluding tractorsd
thous. of dol._ 218, 593
Tractors, wheel (excl. garden and contractors' off138, 080
Pumps (steam, power, centrifugal, and rotary), new
orders _ . _ __
. ___ .
_ -thous. of doL6,004
r
r
' 32, 765
r 19, 247
30, 151
20, 915
1,446
3 791
j
' 47, 409 43, 214
' 37, 693 43, 350
::::;:::::::::::::
i
' 99, 516 100, 696
»• 9, 762
9,499
r
52, 705
55, 545
r
37. 049
35, 652
86, 317
63, 462
20, 999
1,856
246, 716
j
fr 29, 358
21 160
88.7
136.1
87.7
77.9
74.1
64.5
118.9
83.3
137.0
127.4
237.1
166. G
879
2,248
709
-488
979
1,344
1,217
3,578
1,177
2,010
1,119
771
908
854
777
3,874
1, 578
1, 887
891
2, 178
919
1,921
945
3,342 j
456
373
415
325
353
277
453
353
233
211
385
294
467
295
426
238
429
385
'361
i 270
282
206
426 !
266 !
1,563
1, 365
1. 324
1,134
1,182
1,510
1,368
1,407
1,501
1, 472
1,429
1,897 !
28.30
20.85
50.90
44.20
2.6
28.05
23. 85
50. 10
41.70
2.5
32. 10
24.30
45. 50
38.90
2.5
26. 55
21.95
29.70
24.50
2 7
28.30
23.20
29.80
24.95
2.8
28.10
24. 65
34.90
29.65
2,9
37.00
32.00
41.40
35. 90
3.0
30.70
26. 85
33.65
27. 45
3.0
43.90
34. 75
43. 95
37.80
3.1
41.05
35. 10
31.30
25.80
3.4
rr 45. 40
40. 05
r
36. 05
r 29. 85
3.8
v 50.55 !
P 45. 75 .-_
P 45.0o
P39.35 ;'
P3.8
5, 313
6,728
r
286,035
91, 405
28, 387
252 200
79 490
26, 682
48, 380
40 797
34 974
255, 689
193,590
137 112
134, 940
108, 625
116, 525
2 44, 863
5,200
4, 972
5,467
5,088
5,663
5, 864
169 394
46, 008 ' - 20, 502 ' 2 23, 626
15, 708
5, 411
4,414
2
2
r
- _-
29 115
2 58, 24S
47, 775
5, 460
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), shipments
thousands-Household electrical appliances:
Ranges (incl. built-ins), domestic and export sales*
thousands, _
Refrigeration, output (seas, adj.)©
1947-49=100-Vacuum cleaners (standard type), sales billed
thousands. _
Washers, sales billed (domestic and export) A— do
Radio sets, production §
do
Television sets (incl. combination), prod.§
do
Insulating materials and related products:
Insulating materials, sales billed, index
1947-49= 100__
Vulcanized fiber products, shipments.-thous. of dol_.
Steel conduit (rigid), shipments
.thous. of ft
Motors and generators, quarterly:
New orders, index
1947-49=100-Polyphase induction motors, 1-200 hp:t
Xew orders, gross
thous. of dol_.
Billings
do
Direet current motors and generators, 1-200 hp:^[
New orders, gross
thous. of doL.
Billings.do
1, 230
6,924
i
1,577
1,242
1,454
1,773
2, 101
2,333
2,704
2,976
2, 262
3,041
2, 672
117.9
122
95.6
106
96.0
121
116.8
140
98.5
145
81.4
152
121. 8
155
135.5
173
129.4
184
143. 9
180
120.8
150
291.4
287.9
3 931. 3
3 416. 9
247.3
224.9
697.3
302.6
218.8
263.0
654.8
267.0
253.1
288. 8
3 774. 4
3 377. 1
263.8
277.3
621.5
275. 0
280.2
326.8
1, 028. 9
507. 5
299.6
423.1
1,572.0
3 621. 7
339. 1
404.1
1 ,322. 2
495.6
293.6
333. 0
1, 545. 6
437.8
317.0
330.5
31,525.7
3414.9
242.5
288.5
1,124. 7
437.0
108.0
1,317
26, 053
107.0
1. 362
27, 549
104.0
1,188
30, 762
107.0
1, 154
41,033
90.0
1,015
32, 941
106.0
1,147
36, 383
124.0
1, 509
40, 987
135. 0
1,829
34, 318
122.0
1,519
30, 196
124.0
1,565
27, 468
130. 0
1,847
34, 764
3
135.0
140.0
144.0
33, 187
35, 486
37, 077
34, 817
36, 988
33 580
4,096
7,560
5, 420
5. 881
5,338
4,916
5,657
6 294
172 6 !
164 i
134.6
177
346 ti [
271.4
329 7
297.8
1.125.4 '31, 347.fi I P 1,043. 7
r
3
494.0 i » 391.4
459. 5
138.0
1, 776
1 945 •
!
155.0
37, 637
35 742
1 3*6
' 1,791
2
13, 784
2
4
2
-• 2,204
12, 959
i
i
-->2, 564
Revised.
vised.
p Preliminary, i Data beginning 1st quarter 1958 reflect revised reporting and ^classification of items covered to exclude the household
fan group, except for attic fans. For
4
4th quarter
•ter 1957, comparable new orders totaled $34,794,000 (revised).
2 Data are for month shown.
3 Represents 5 weeks' production.
Excludes orders for aircraft types.
JBeginr
ginning January 1959, industry estimates are based on revised inflating factors and are not strictly comparable with earlier data.
©Revisions will be"shown later; see note in September 1958 SURVEY for period affected.
9 Includes data not shown separately.
DExcludes oil-fired unit heaters.
©Revised to include data for built-in gas-fired ranges beginning January 1958 and for top burner sections (4-burner equivalent) beginning January 1959.
fRevised, effective with the April 1958 SURVEY, to include the metal-forming types; comparable data for 1956 will be shown later. cTData exclude shipments of farm elevators and blowerssee note in September 1958 SURVEY.
*New series. Beginning 1st quarter 1958, construction machinery figures (Bureau of the Census) cover, in addition to excavating and earthmoving equipment (described in the 1957 edition
of BUSINESS STATISTICS), shipments of tractors (shown separately), mixers, payers, portable crushing, screening, and combination plants, etc.; comparable data prior to 1958 are not available.
Electric range data (National Electrical Manufacturers Association) represent estimated industry totals based on member reports which account for approximately 85 to 90 percent of the total
industry; monthly data back to January 1956 will be shown later.
AAdjusted beginning with the October 1958 SURVEY to include export sales. Data exclude sales of combination washer-drver machines. Such sales (including exports) totaled ifi 900 units
in March 1959.
''
'
'
"
"
'
§Radio production comprises home, portable battery, automobile, and clock models; television sets include combination models. Data for March, June, September, and December 1958 and
March 1959 cover 5 weeks; all other months, 4 weeks.
IfData for induction motors cover from 25 to 30 companies; for d. c. motors and generators, from 14 to 24 companies.
SURVEY OF CURRENT BUSINESS
May 195!)
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
S-35
1959
1958
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
January
February
March | April
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
-thous. of short tons. _
Stocks in producers' storage yards, end of mo..do
Exports
do
Prices:
Retail, stove, composite
dol per short ton
Wholesale, chestnut, f. o. b. car at mine
do _.
Bituminous:
Production
thous of short tons
Industrial consumption and retail deliveries, totalf
thous. of short tons__
Tndustrial consumption, total §t- - -do
Electric-power utilities ...
...
do -_
Oven-coket
do
"Beehive coke ovens
...
do ..
Steel and rolling mills §
do
Cement mills § ___ _
..
do .
Other mfg and mining industries §
do
Railroads (class I)
Bunker fuel (foreign and lake vessel) §
Retail deliveries to other consumers §
.
1,571
283
117
1,639
341
190
1,995
366
232
1,400
395
139
1,779
446
r
158
2,084
501
235
1,999
527
252
1, 585
580
198
2,324
406
192
2,194
329
181
29.14
15.512
28.21
13. 279
27. 66
13. 279
27. 63
13. 279
27. 76
13. 685
27.76
13. 685
27.80
13. 951
27. 95
14. 343
28. 13
14. 413
28.14
14. 413
28.26
14. 413
28. 80
28.81
* 14.966 P 14. 761
36, 450
39. 686
34. 399
39, 352
35, 730
r 33, 760
34, 330
r 36, 687
32, 643
15, 907
7, 864
140
808
645
6,937
' 33, 312
»• 29, 761
14,002
7,784
149
768
591
6, 160
34, 731
31, 929
14,400
8, 862
207
756
717
6, 097
32, 471
30,017
30, 662
34. 155
23, 944
33, 952
32, 319
28, 692
13, 165
6, 130
72
734
626
7, 562
27, 130
24, 932
11, 290
5,446
60
583
629
6, 556
26, 044
24, 477
11,012
5, 555
65
559
700
6, 150
25, 650
24, 199
11,183
5, 577
78
486
718
5, 806
26, 278
24, 824
11,821
5, 641
54
438
729
5, 829
28, 204
26, 141
12, 381
6,118
68
466
673
6,097
29, 473
26, 647
12, 087
6,350
94
472
683
6,609
r 32, 456
29, 028
13, 094
7,207
105
538
735
6,931
do
do
400
3
320
48
276
160
227
124
191
121
197
141
215
137
281
137
do
3,627
2,198
1, 567
1,451
1, 454
2,063
2,826
70, 922
70, 409
45, 055
11, 906
589
1,128
11,141
590
71, 296
70, 749
45, 662
11, 782
621
1, 060
11,074
550
72, 613
71, 931
47, 296
11, 585
613
1,073
10, 853
511
74, 646
73, 789
48, 670
11,784
680
1,144
11,016
495
71, 144
70, 217
47, 290
10, 040
540
1,093
10, 840
414
72, 256
71, 256
48, 041
10,119
561
1, 120
11,013
402
74, 020
73, 003
49, 508
10, 523
609
1,212
10, 749
402
Stocks, industrial and retail dealers', end of month,
total ^f
thous. of short tons.
Industrial, total §t
do
Electric-power utilities
do
Oven-coke plants t
do
Steel and rolling mills § __
do_ .
Cement mills
do
Other industrials
do
Railroads (class I)
do
Retail dealers
1, 501
275
r
130
do
Exportsf
.
_
do .
Prices:
Retail, composite
__ dol. per short ton
Wholesale:
Screenings, indust. use, f. o. b. car at mine. .do
Domestic, large sizes, f. o. b. car at mine
do
COKE
Production:
Beehivef, ...
thous. of short tons. .
Oven (byproduct) f
do
Petroleum coke 9..
__
do ..
Stocks, end of month:
Oven-coke plants, total
do
At furnace plants
.do...
At merchant plants .
...
do _.
Petroleum coke
do
Exports
do
Price, oven foundry coke
(merchant
plants),
f.
o.
b.
Birmingham, Ala.c?1,
._ dol. per short ton..
513
547
682
857
927
' 3, 637
4,412
4,351
4,828
4,386
r
3, 428
77, 807
76, 745
50, 653
11, 666
606
1,329
12, 082
409
r
32, 319 >• 36, 504
32, 604
29, 251
15, 715
13, 265
7,744
7, 393
110
128
830
575
682
760
6, 833
7,000
1, 557
298
166
1, 509
' 1,508
281
108
34, 400
282
111
363
64
339
3
304
3
286
4
3, 068
'3,900
>• 4, 044
- 3, 651
2,802
77, 212
76, 123
50, 326
12, 336
704
1,424
10, 946
387
76, 285
75, 339
48, 752
12, 957
778
1, 495
11,012
345
71, 203
70, 450
45, 121
12, 128
685
1,331
10, 825
360
69, 1 67
68,512
43, 024
11,852
658
1,209
11.420
349
65, 873
65, 354
41, 939
11,689
607
1, 052
9, 730
337 |
r
1, 000
1,017
1,062
1,089
946
753
655
519
' 5, 484
4,626
4,510
4, 086
2,920
3. 142
2,288
2,824
16.66
16.63
16.18
16.16
16.28
16.31
16.60
16.49
16.81
16.83
16.98
16.99
5.561
7.709
5.449
7.182
5.449
7.154
5.443
7.122
5. 385
7.247
5.325
7. 569
5.326
7.659
5.329
7.784
5.291
7.822
5.280
7.841
5.332
8,013
r 5. 334
8. 013
40
4,302
592
34
3,802
627
36
3,862
665
45
3,889
593
29
3,928
638
39
4,276
637
55
4, 450
604
62
5,046
665
64
5,176
647
5, 431
687
82
5, 533
683
90
5, 437
636
126
6, 263
3,478
2, 346
1,133
622
32
3,721
2,479
1,243
669
16
3,886
2, 580
1,306
728
25
3,877
2, 531
1, 346
725
30
3,983
2,585
1, 398
795
48
4,007
2,588
1, 419
821
25
3,993
2,577
1,416
845
28
3,896
2,507
1,389
882
42
3,882
2, 482
1,400
931
42
3,815
2,411
1,404
964
33
3.793
2,366
1,427
995
29
3, 709
2 274
1,435
1,041
31
3,588
2 158
1,429
28.85
28.85
28.85
28.85
28.85
28.85
28.85
28.85
28.85
28. 85
29.23
30.35
30. 35
1,624
188, 631
79
215, 657
2,160
193, 215
82
229, 754
1,980
190, 240
83
225, 803
2,251
203, 700
84
234, 164
1,842
215, 114
86
242, 537
2,112
212, 972
85
232, 884
2,388
216, 304
84
238, 695
2,383
209, 518
84
233, 279
2,338
221, 210
86
246, 781
2,427
223, 926
88
255, 124
1, 853
201,435
87
227, 562
273, 959
76, 981
176, 112
20, 866
263, 105
72, 351
169, 908
20, 846
253, 550
71,419
161, 373
20, 758
246, 556
70, 356
156, 037
20, 163
244, 810
68, 692
154, 943
21, 175
251, 701
69, 906
160, 914
20, 881
255, 345
69. 932
164, 563
20, 850
257, 546
69, 008
166, 992
21, 546
262, 730
69, 568
172, 458
20, 704
258, 108
69, 136
168, 227
20, 745
260, 040
71,466
167 988
21, 286
r
17.00
P 5. 339 --P 7. 776
-
33
30. 35
PETROLEUM AND PRODUCTS
Crude petroleum:
1,704
Wells completed tnumber. _
194, 472
Production t
thous ofbbl
81
Refinery operations. _ _
percent of capacitv..
C on sumption (runs to stills) ...
thous. of bbl- . 228, 050
Stocks, end of month:
Gasoline-bearing in TJ. S., total
do
278, 534
At refineries ...
do
77, 556
At tank farms and in pipelines
d o _ _ - 179,464
21, 514
On leases
do
---
-
Exports
do____
<> 838
643
503
216
334
308
170
330
275
352
74
97
a
Imports _
do
32, 406
27, 608
31,613
34, 460
32, 056
31, 182
33, 645
34, 320
31, 568
31, 168
35, 415
33, 420
-, >&1 j
Price (Oklahoma-Kansas) at wells
dol. per bbl-.
3.07
3.07
3.07
3.07
3.07
3.07
3.07
3.07
3.07
2.97
3.07
2.97
Refined petroleum products:
Fuel oil:
Production:
Distillate fuel oil
...thous. ofbbl.. 51, 149
47, 032
50, 723
48, 342
51, 145
52, 878
53, 506
54, 364
56, 372
66, 124
60, 595
(')(), 458
Residual fuel oil
do
31, 468
28, 412
27, 346
30, 407
29, 789
28, 537
29, 197
29, 361
29, 738
34, 246
34, 622
31,493
Domestic demand:
Distillate fuel oilf
do
62, 298
46, 221
37, 290
32, 135
36, 864
31,915
38, 056
47,319
57, 010
97, 574 ' 95, 234 74, 102
Residual fuel oilf
do
46, 294
41, 491
34, 064
35, 816
38, 118
39, 019
45, 049
37, 070
44, 642
62, 799 r 62, 940
57, 436
Consumption by type of consumer:
Electric-power plants f
do ...
5, 950
5,017
4, 784
6, 102
5,343
6, 567
6, 435
9,221
6,953
7,578
9,974
8,851
8,578
Railways (class I)
do
7, 826
7,034
6, 665
6,918
7,366
7,185
7,621
7,389
7,777
8,554
8,713
7, 440
Vessels (bunker oil)
do .__
6, 886
7,491
6, 629
7,351
7,130
6,647
6,861
7,482
6, 564
6, 148
7,044
5,795 ~"6~889"
Stocks, end of month:
Distillate fuel oil
do
75, 315
76, 239
89, 160 105,311 119, 437 139, 862 155, 412 164, 686 161, 192 125, 101 ' 96, 849 84,071
Residual fuel oil
do
54, 929
57, 975
63, 864
61, 589
66, 457
67, 230
67, 670
66, 223
67, 045
59, 508 r 55, 214
54,178
Exports:
Distillate fuel oil
do
1,753
1,057
1,436
1,138
1,910
1,757
1,395
1, 119
1,830
1,236
730
875
1,416
Residual fuel oil
do
1,769
2,552
1,218
1,952
2, 163
1,805
2,738
2,341
1,940
2,892
1,675
2, 006
2,379
Prices, wholesale:
Distillate (N. Y. Harbor, No. 2 fuel). -dol. per gal_.
.099
.093
.093
.093
.093
.096
.099
.099
.099
.104
. 107
.112
Residual (Okla., No. 6 fuel)
dol. per bbl._
1.10
1.20
1.20
1.20
1.20
1.30
1.30
1.40
1. 60
1.70
1.60
1. 90
Kerosene:
Production
thous. of bbl__ 10, 436
8,102
6, 978
6, 984
7,036
8,202
8,544
9,778
10, 500
1 2, 978
11, 593
11,686
Domestic demand!
_
do
11, 020
6,091
4,379
4,278
5, 538
5,272
6, 031
9, 008
10, 114
17, 616 T 17, 997
13,113
Stocks, end of month
do
16, 706
18, 729
24, 167
21,437
25, 655
28, 662
31, 259
31, 877
32, 120
26, 040 r 21 , 090
19, 725
Exports. _ .
.
do
82
73
56
29
58
51
44
231
261
57
137
25
29
Price, wholesale, bulk lots (New York Harbor)
dol. per gal_.
.104
.098
.098
.098
.098
.101
.104
. 104
.104
.112
.109
.117
r
Revised.
*> Preliminary.
"Revisions will be published later for indicated item< as follow s: Bitumi nous-coal consump fcion (Jam
lary-Augiist 1957) ; 13 i turn in 01is stocks ( February , May, an d Octobei 1957); bituminous
exports (1957- January 1958), beehive- and oven-coke production ( 956) ; oil i*vells com Dieted, enide produ ction, an \ refined Detroleum products (January7-Septeml?er
1957).
§Data for total industrial consumption, retail deliv eries, tota 1 industrial and ret ail stocks and for 1 he indica ted comp Dnents ha ve been r avised to new benchmarks; mnker fuel figures
now include fuel on lake vessels. Revisions for consum] ition and retail deli veries are available on annua 1 basis from 1933 fo "ward anc [ on mon: hly basis beginnnx? January 1954; revisions for
stocks begin with January 1957 (earlier figures for affect 3d items rlot strictb/ eomrwrri hip).
3 Tn pin dps nnnmflrt ntnVilfi r>3t nlTTcf nr\\rc
Substituted
series (averages of weekly quotations from Steel magazine); data prior to May 1957 will be shown later
Digitizedcf for
FRASER
^Revisions for 1957 (thous. bbl.): Exports-January, 7,566; April, 9,232; August, 1,036; imports—February, 23,612; June-August, 33,047; 41,917; 40,967; October-December, 37,633; 28,371;
http://fraser.stlouisfed.org/
31,262.
Federal Reserve Bank of St. Louis
SURVEY OF CURRENT BUSINESS
S-36
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
M;iv
1958
March
April
June
May
July
1959
DecemOctober XovemAugust September
ber
ber
January
February
March | April
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products — Continued
Lubricants:
Production
thous. of bbl
Domestic demandf
do
Stocks, refinery, end of month
do
Exports _
- .
_ do_ .
Price, wholesale, bright stock (midcontinent, f. o. b.
Tulsa)
dol per e'al
Motor fuel:
Gasoline (including aviation):
Production total t
thous. of bbl
Gasoline and naphtha from crude oil
do
Natural-gas liquids:
TJ^ed at refineries (incl benzol)
do
Used in other gasoline blends, etcf
do
Domestic demandf
Stocks, end of month:
Finished gasoline
At refineries
Unfinished gasoline
Natural-gas liquids
-
-
-
3,973
3, 191
11,218
879
4, 065
2,997
11, 090
1,141
4, 325
3, 183
11,011
1,167
4, 224
3,708
10, 659
818
4, 397
3, 303
10, 574
1,126
4, 564
3, 520
10,215
1,356
4, 162
3. 362
10, 037
933
4,519
3,529
9,765
1,209
4,313
3,498
9,412
1, 116
4,692
3,440
9, 687
932
4,360
' 3, 504
9,494
1,002
3,941
2,746
9,728
913
.245
.230
.230
.230
.230
.230
.230
.230
.230
.230
.230
.230
112,847
100 019
107, 685
95, 074
115, 109
102, 562
116,865
104, 008
126, 213
112,228
127, 787
113, 352
120, 010
106. 005
121, 539
106, 990
120, 877
106, 477
128, 537 127, 508
113, 896 '113,841
111,523
99, 177
11, 132
1,696
11, 680
931
11, 164
1,383
11,594
1,263
12, 285
1,700
13, 179
1, 256
13, 323
682
13,912
637
14, 355
45
do
108, 914
118,477
125, 137
125, 444
130, 903
129, 925
120, 389
125, 097
110, 587
120, 305 '114,720
99, 759
do
do
do
- do
207, 127
117, 850
11,578
15, 378
194, 869
107, 779
11,471
16, 993
183, 486
98, 503
11, 702
20, 752
175,465
90, 977
10,811
23, 856
169, 709
87, 458
10, 996
1
24, 210
166, 131
85, 118
11.220
26, 182
164,
82,
10,
27,
375
878
962
437
157, 576
79, 229
12, 544
27, 894
165, 888
81, 632
12, 686
27, 349
1 74, 526 ' 187, 472
94, 378
99, 875
12, 234
11,603
22, 752
18, 008
197, 468
106 853
12, 899
17,651
1,274
1,996
1,535
r 1, 262
1,874
1,818
1,589
1,807
1,904
.113
.113
.120
.120
Exports (motor fuel, gasoline, jet fuel)
do. ._
Prices, gasoline:
Wholesale refinery (Okla group 3) dol per gal
Retail (regular grade, excl. taxes), service stations, 54 cities
dol. per gal-Aviation gasoline:
Production totil
thous of bbl
100-octane and above
do
Stocks end of month total
do
100-octane and above
do
Jet fuel:
Production
do
Domestic demandf
do
Stocks end of month
do
Asphalt:©
Production
do
Stocks refinery end of month
do
Wax:O
Production
do
Stocks refinery end of month
do
. 110
. 115
. 115
.211
. 116
1,587
. 116
11, 941
1,726
11,114
1,232
1,110
1,236
.115
115
.216
.215
.214
.214
.222
.221
.215
.204
.206
.210
.211
9, 136
6,375
14, 363
8,186
9,508
6,955
13, 628
7,891
9, 625
6,448
12, 712
7,597
9,998
6, 956
12, 273
7, 591
11,024
8,120
11, 180
7,186
12,127
8,973
10, 183
6,570
11,142
8, 455
10, 564
6, 846
10, 843
8,043
10, 778
7,077
10, 464
7,964
11,476
7,308
10, 690
7,612
12, 300
7,599
10, 269
7,677
13, 186
8,286
9,979
6,617
14 437
8,490
5, 697
7, 603
4,488
6,556
8,839
4, 981
6, 506
6,780
5,494
6, 480
8,890
5,752
6,314
8,278
6,004
6, 551
7, 260
6,253
7, 061
8, 684
6, 145
6,558
9, 678
5,373
5,804
7, 100
5,184
6,982
8, 121
5,871
6,112
' 8, 086
' 6, 257
6,218
7 203
6,499
4,498
14, 554
6,603
15, 698
8,451
15, 465
9, 895
13, 953
10,189
12, 294
10, 785
10, 256
10, 352
8,696
9,384
7,351
6, 949
8, 416
4,524
9, 757
4,510
11,252
4,379
12, 726
445
719
436
721
425
735
445
743
390
692
422
699
475
708
455
665
474
733
456
712
499
714
408
683
2,698
1,029
1,669
3,365
1,221
2,144
Asphalt and tar products, shipments:
Asphalt roofing, total
thous. of squares.. « '3,557 r 5. 174 'r 6, 367 ' 6, 209 ' 5, 697 ' 7. 507 *r 6, 096
' 2, 087
2. 352
1, 510
r 2, 234
' 2, 164
2,811
2, 486
Roll roofing and cap sheet
do
r
'3,611
- ' 2, 047 ' 3, 087 T 4. 015
' 3, 974 r 3, 533
4, 696
Shingles, all types
_ _ -- -- do
Asphalt siding
Insulated sidingcf
Asphalt board products
Saturated felts
. 120
14, 612
29
56
83
92
do
131
157
108
do.
840
1, 582
1,648
thous of sq ft
__short tons__ " '77, 978 ' 88, 261' 103. 428
r
92
167
1, 953
93, 855
90
110
178
169
2, 373
1,926
r 75, 826 ' 109, 794
' 5, 880 ' 3, 864 ' 2, 391
2,377
851
1,472
r
3, 503
' 2, 391
' 1, 540
132
114
188
197
1,842
1, 925
' 86, 761 '81,137
r
'59
'97
68
113
1,058
1, 153
' 65, 787 ' 54, 392
54
76
950
58, 927
1,135
941
.213
.211
6, 950
2,524
4,426
67
110
69
107
1,094
1,484
' 66, 678 120, 966
PULP, PAPER, AND PRINTING
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts .
_
thous. of cords (128 cu. ft.)__
C on sumption
do
Stocks, end of month
do
Waste paper:
Consumption _ . . _
thous. of short tons..
Stocks, end of month
do
2,789
2, 953
6,700
2,394
2,568
2,840
5,953
2,632
2,846
6,226
2,788
5,810
2,646
2,640
5,793
3, 153
2,994
5,995
3,043
2,934
6,120
3,407
3, 388
6, 103
2,841
3,047
5,932
2,839
2,813
5,937
' 3, 174
' 3, 165
' 5, 931
2,962
2,942
5,952
3,041
3, 254
5,736
706. 5
495.2
711.2
507.0
726.0
489.2
723.7
476.7
686.6
488.4
781.0
445.6
785.2
429.4
805.4
436.9
719.2
439.9
692.5
464.2
' 712. 9
' 463. 4
745.9
449.5
794.4
455.8
WOOD PULP
Production:
1, 809. 7
Total, all grades
thous. of short tons
76.3
Dissolving and special alpha..
do_ _ _
1,019.8
Sulfate _
_
do
210.4
Sulfite
do
1, 731. 4
65.4
970.1
208.9
1, 741. 6
75.9
962.8
195.5
1, 729. 2
79.7
964. 0
189.9
1,629. 6
64.9
919.3
166.7
1, 873. 8
75.7
1, 083. 6
182.7
1, 822. 6
72.1
1, 034. 3
189.1
2, 081. 6
88.4
1, 205. 4
223.5
1, 908. 2
84.7
1, 109. 5
197.7
1, 754. 3 '1,961.0
77. 7
93.8
981.6 '1,111.3
194.0
' 207. 1
1, 836. 1
90.2
1,044.8
184.3
2, 039. 6
94.4
1, 153. 7
213.0
244.4
94.8
164.0
243.5
84.4
159.1
252.9
93.5
160.9
235.0
95.9
164.8
222.9
96.7
159.1
243.1
101.8
186.9
234.5
102.8
189.9
258.3
104.8
201.4
237.5
93.8
184.9
235.0
93.1
172.8
' 265. 5
98.0
185.3
243.4
91.8
181.5
264. 0
109.0
205. 4
920.2
266.1
558.9
95.1
919.6
276.5
547.4
95.7
929.5
283.5
550.8
95.2
944.4
293.1
560. 2
91.2
912.4
276.0
550. 6
85.9
883.8
265. 6
537.4
80.8
873.3
258.9
533.3
81.1
888.8
272.0
533. 8
82.9
886.8
273.9
528.3
84.6
886.7
254.8
546.0
85.9
' 906. 6
' 271. 1
' 552. 7
82.8
900.4
272.5
548.3
79.6
915.8
289.8
546. 6
79 3
49.9
22.8
27.2
42.7
16.5
26.2
41.7
19.6
22.1
47.4
22.4
25.0
40.8
16.3
24.6
35.8
16.2
19.5
38.8
14.2
24.6
41.1
22.0
19.1
46.9
17.0
30.0
40.3
18.8
21.5
53.1
22.1
30.9
43.0
22.1
20.8
47 9
27.0
20 9
178.7
7.5
171.1
167.4
8.7
158.6
151.1
6.5
144.6
185.6
10.2
175.4
174.5
11.6
162.9
159. 6
12.8
146.8
193.6
15.3
178.3
199.4
14.9
184.5
198.3
12.4
185.9
198.5
15.3
183.1
215.9
11.4
204.5
186.1
12.4
173.7
180.3
12.4
167.9
Groundwood_
_ _ _ _ _ _ do_
Defibrated or exploded
do
Soda, semichem., screenings, damaged, etc. -do
Stocks, end of month:
Total, all mills
...
do
Pulp mills
do
Paper and board mills
_ _
do
Nonpaper mills
_
do
Exports, all grades, total
.
Dissolving and special alpha
All other
_
-_. .__
do. _ _
do
__do
Imports, all grades, total
Dissolving and special alpha
All other _
__do
do
do
PAPER AND PAPER PRODUCTS
All paper and board mills, production:
2,914
2,640
2,653
2,504
2,355
2,700
2,518
' 2, 707
Paper and board, total
thous. of short tons__ ' 2, 533 2,500
2,513
2,621
2,847
1,149
' 1, 128
1,091
1,149
1,018
Paper
_ do
1,253
1,116
1,137
1,108
' 1, 213
1,125
1, 145
1,239
1,249
1,072
1,237
1,260
1,142
1, 362
r I , 167
1,112
1,150
Paperboard
_ _ ..
_ _ ..do
' 1, 239
1,222
1,315
1, 151
12
13
11
11
14
13
12
10
12
10
Wet-machine board
do
11
11
12
278
276
227
239
252
243
255
257
Construction paper and board _ -. -_
do
285
243
225
243
280
f
]
Revised.
? Preliminary.
New basis effectiv e July 1953; not stric^tly comp arable wit h earlier d ata.
f]Revisions for 1957 w ill be pub lished late r for indie?ated Item s as follov•s: Lubricants (January, March, April, June, August, and Septeinber); gas oline (Jan uary-Sep tember) ; . et fuel (Ja nuary-M ay and Se ptember)
0As phalt— 5.5 bbl. = 1 silort ton; \ v a x — l b b l. = 2801b.
d" Data prior to 1957 will be published later,
o Revisions for January and February 195S (units as above): r rotal asptlalt roofin g, 2,981; 2 505; shine les, 1.754; 1,439; sat irated fel cs, 64,000, 53,978.
SURVEY OF CURRENT BUSINESS
Mav
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
S-37
1958
March
April
May
June
1959
DecemOctober NovemAugust September
ber
ber
July
January
February
March
April
PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS— Continued
Paper, excl. building paper, newsprint, and paperboard
(American Paper and Pulp Association):!
Orders, new 9
thous. of short tons..
Orders unfilled end of month 9
do
Production
do __
Shipments 9
do
Stocks, end of month 9
do _
Fine paper:
Orders new
do _ _
Orders, unfilled, end of month
do. __
Production
do
Shipments
_
do
Stocks end of month
do
Printing paper:
Orders new
do
Orders unfilled end of month
do
Production
do __
Shipments
_. _
do
Stocks, end of month. _ __ __
do_ _
Price, wholesale, book paper, "A" grade, English
finish, white, f. o. b. mill
dol. per 100 lb._
Coarse paper:
Orders, new
_ thous. of short tons. _
Orders unfilled, end of month
__ _ _ do
Production
do ..
Shipments
do
Stocks end of month
do
Newsprint:
Canada (incl. Newfoundland):
Production
do
Shipments from mills
do
Stocks at mills, end of month
do _
United States:
Production
do _
Shipments from mills
do
Stocks at mills, end of month
do _
791.7
602.2
981.8
775.3
546.3
783.0
581.2
994.5
806.2
550.0
803.0
623.1
966.3
805.2
518.2
815. 4
665.2
953.8
792.1
528.3
801.0
696. 0
891.6
740.0
522.5
829.4
715. 0
1, 007. 5
841.4
514.6
805. 9
647.1
984. 6
796. 1
504.6
906.2
686.5
1, 102. 0
901.1
541.6
852. 4
697. 4
1.007.1
813.5
531.6
818.5
639.4
984.5
796.8
536.3
971. 5
599.9
1, 072. 2
889.9
526. 6
s5 860. 0
595. 0
s 759. 0
s5 766. 0
452. 0
124.8
70.3
136.3
124.8
130.5
120.9
71.7
132.8
122.3
139.2
127.0
73.3
131.2
125.5
138.7
126.0
78.1
129.0
125.9
146.7
130.9
93.2
110.5
117.7
143.8
118.1
74.9
130.9
122.4
123.9
108.2
65.5
133.2
111.0
116.9
130.2
70. 1
144.3
128.7
130.7
126.6
73.0
133.9
125. 4
136.2
114. 7
66.3
137.4
118.1
145.0
149.1
33.0
142.8
141.9
131.0
138.0
34.0
127.0
131.0
127.0
316.2
334.9
334. 8
308.5
240.1
338.1
354.6
342.8
345.6
237.3
344.1
397.5
348.3
345.9
218.5
363.2
433. 8
338.9
339.4
217.9
336.8
432.7
314.3
311.2
221.0
340.9
461.5
347.8
347.6
221.2
320.8
398.7
328.1
324.3
225.1
357.0
414.4
358.3
356. 0
227.3
361.8
441.2
325.7
326.4
226.7
345.5
394.4
329.0
329.3
226.4
423.8
369 0
360.6
361.4
225.7
409.0
400 0
333 0
333.0
226.0
!i
15.95
15.95
15.95
15.95
15. 95
15.95
15.95
15.95
15.95
15. 95
15.95
15.95
299.4
132.5
300.3
296.1
113.4
277.0
119.8
297.4
288.3
115.3
285.2
115.4
279.7
288.8
103.3
282.8
119.3
281.5
281.2
107.1
283.9
128.3
269.5
263.2
101.3
317.1
134.9
314.3
315. 6
103.5
323.5
139.6
309.2
307.2
96.7
359.2
152.8
350.5
354. 8
105.3
312.0
143.1
326.5
309. 0
103.5
298.3
131.2
298.2
295.2
95.7
337.7
150. 8
327 8
326.9
103 3
313.0
161 0
299 0
302 0
99 0
521.8
471.1
245.2
522.6
532. 7
235.1
548.0
561.4
221.8
482.5
480.6
223.6
508.4
523.2
208.8
511.0
491.9
227.9
490.8
495.3
223.3
544. 1
555.1
212.3
518.1
527 7
202.7
476. 2
494 3
184.7
491 1
465 9
209 9
466 0
416 2
259 6
511 9
453 2
318 3
148.4
151.0
16.7
148.6
149.2
16.0
149.0
146.7
18.3
141.8
138.6
21.5
134.9
137.8
18.6
148. 5
142.0
25.1
137.2
139.7
22.6
154.8
158.7
18.6
152.6
150.6
20.6
144.7
148.8
16.5
165 7
155 1
27 1
149 6
155 0
21 7
161 8
159 2
24 3
434.4
423.3
438.0
409.2
364.5
387.6
413.0
470.0
465. 2
394.3
394 9
384 5
457 7
689.8
694.9
683.2
667.8
698.1
724.4
697.2
655.3
632.8
651 7
651 8
636 3
578 5
391.8
Imports
do
Price, rolls, contract, delivered to principal ports
dol. per short ton - 134. 40
Paperboard (National Paperboard Association):
Orders, newt
thous. of short tons. _ 1, 173. 7
351. 9
Orders, unfilled, end of month
_ _. _ _ _ do__ 1,171.2
Production, totalj
do
87
Percent of activity
_
Paper products:
Shipping containers, corrugated and solid fiber,
shipments!
mil. sq. ft. surface area.. * 7, 532
Folding paper boxes, index of physical volume:*
133.0
Consumption of boxboard
1947-49=100
123.9
Shipments of boxes
do
PRINTING
Book publication, total
number of editions.. 11 1,302
1,087
New books
do
*215
New editions
_
do
421.0
416.7
422.3
411.6
367.7
391.6
439.5
431 3
432 1
341 6
351 6
410 3
134.40
134. 40
134. 40
134.40
134. 40
134. 40
p 134. 40
1,215.7 1,240.0
369.6
405.3
1, 270. 3 1 203 5
92
81
1. 168. 6
375 6
1 196 0
1, 255. 9
423 7
1 215 2
Consumption by publisherso"1
-do
Stocks at and in transit to publishers, end of
month cf
thous. of short tons
134. 40
134. 40
134. 40
134. 40
134. 40
1,113.9
365. 2
1,112.9
84
1, 175. 6
348.6
1, 163. 5
1, 147. 3
356.5
1, 125. 6
1, 130. 3
465.5
1, 033. 2
1,247.7
407.3
1, 284. 4
93
85
-• 7, 588
86
76
' 7, 997 ' 7, 757
131.0
116.2
121.9
120.2
1,109
1,151
883
226
1
1
921
230
«• 7, 892
r 8, 752
129.3
122.3
141.0
118.5
129.2
129.2
1, 344
1,1 137
207
972
752
220
679
552
127
1, 299. 7 1, 389. 8
482.8
427.6
1, 247. 6 1, 398. 8
r
1
v 15. 95
1,381.1 1,384.2
498 7
507 4
1 346 9 1 351 °
93
94
90
95
9, 032
r 9, 876
r 8, 107
r 7, 967
8,391
8,118
8,982
9,208
135.6
133.1
139. 7
139.1
117 5
118 3
122 7
129 1
132 0
116 6
r 138 7
145 3
133 7
138 5
121 3
1,023
i 871
1
152
1,217
1 007
1 307
1 092
215
i ] 728
i i 411
i 317
469
368
101
1 073
210
i i 574
i i 334
i 240
1 299
1 022
48 875
77 859
45 136
r 43 031
74' 969
41 819
T 46 891
77 807
54 492
49 913
82 487
54 950
47 345
79 657
48 917
.324
89
93
r H7 1
873
200
977
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption . _
longtons__
Stocks, end of month
do
Imports, including latex and guayule. - _ _do
Price, wholesale, smoked sheets (New York)
dol. per lb_.
Synthetic rubber:
Production _
.long tons
Consumption
__
__
do _
Stocks, end of month _
_
do
Exports, _
do_ __
Reclaimed rubber:
Production
_
Consumption
Stocks, end of month _
TIRES AND TUBES
Pneumatic casings:
Production.
_
_
Shipments, total _ . _ _
Original equipment
Replacement equipment
Export.. _ _ _ ... .
_ _ .
Stocks, end of month...
Exports (Bur. of Census)
Inner tubes:
Production
Shipments
Stocks, end of month _
Exports (Bur. of Census)
_
...
2 r 38,132
112,863
40, 444
r
36, 557
107, 897
34, 930
.266
r
<3c go |
100 985
32, 061
' 37, 551 r 34, 187
91 779
85 577
28, 279
25, 823
.269
.253
* 76, 823
r
66 868
191 929
19, 222
r
r
209, 468
20, 512
74, 046
r
67 185
199 226
15, 780
74, 243
70 394
183 721
15 308
77
r 64
181
14
20, 225
19 421
28, 984
20, 735
T 19 865
29 440
19 567
r 20 225
27 862
21 220
T 20 776
27 763
r
7,573
7 477
7 653
7,543
2,114
5, 334
8 175
1,876
6 183
8 503
2, 173
6 220
95
116
110
do
__.do
23, 446
391
22, 658
3
93
do
do
do
do
3 685
3 624
3,764
7,066
*73
3,243
do
do
do
thousands
do
do ...
do
_ do _
r
84, 163
2 r 66,637
2r
r
7 609
4
70
.281
.263
083
420
524
844
r
39 380
85 666
39 057
r 44 743
82 622
41 343
.288
.294
87
T 72
183
12
321
90 979
401 r 79 166
921 182 840
873
13* 100
18 122
18 458
26 442
22 432
r 19 46i
27 961
22 596
r 21 899
26 676
8 293
7 288
7 762
9 231
1 932
7 182
9 573
2,020
7 442
7 848
1 055
6 679
r
.313
100
r 88
178'
17?
981
818
534
151
26 523
.299
.301
102 496 r 101 655
r 79 723 r 86 189
183' 511 r 186 283
17 078
17 177
108 504
89 636
17 762
16 143
24 800
9c 7QA
f)c
29 063
07 157
27 504
1 87 f)43
r
r
51 991
78 871
48 584
.301
.315
102 297
87 393
111 377
95 089
-ion i£i
1 8*}' Bfifi
22 1 50
9QA
27 340
22 396
T 9i 401
27? 680
8 277
9 344
8 393
9 376
1 0 1 84
1 0 97O
7 912
l' 442
6 365
8 454
1 838
6 476
7 788
3 369
4 320
8 892
4 057
4 711
8 551
2 805
135
n7
r 93 7Qj^
r
115
105
140
100
124
9 806
2 960
6 74.9
104
18 3615
71
18 521
18 925
3
109
19 913
3
86
20 403
20 988
2i 399
23 019
90 0^9
3118
3 113
3101
375
3 92
2 890
3, 466
7 4080
67
3 305
3.331
7 664
4
108
3 390
3 768
3, 567
7 869
4
77
4,800
4,316
4, 435
117
111
21 834
389
20 3920
89
3 530
3,035
8 4189
90
3 476
3, 602
8 4156
77
3111
3,498
7 657
4
69
q qi q
34.Q1
2,899
3,411
8617
4
89
8 372
4
71
4
123
.340
c nil
7 3A4
* 69
3 T36
7' in*}
4
75
r
Revised.
* Preliminary.
i Data cover 5 weeks; other months,
4 weeks.
2 Revisions for rubber consumption for January and February
1958, respectively (long tons)- Natural 3
4
42,530; 36,654; synthetic—73,299; 64,812; reclaimed—21,319; 18,244.
Data for motorcycle tires are excluded beginning January 1958.
Data "beginning January 19'8 include all inner
tubes, new or used,s except aircraft; earlier data include only automotive tubes (passenger-car, truck, and bus). Exports of types included in 19;"8 but formerly excluded averaged 14 000 Deimonth in 1957.
February data exclude estimates for tissue and miscellaneous papers.
9 Data exclude estimates for "tissue paper."
d*As reported by publishers accounting for nbout
75.5 percent of total newsprint consumption in 1957.
{Revisions for paperboard (1954-1957) appear on p. 20 of the November 19-8 SURVEY; those for shipping containers (January 195"February 1958 will be shown later. *New series, replacing indexes of value of orders entered and shipments billed (seep. 20 of the Xovember 1958 SURVEY for data back to January 1947)
$ May-November
1958 data adjusted to new levels; not necessarily comparable with earlier data.
S-38
May 1950
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1959
1958
March
April
June
May
July
Novem- DecemAugust SeptemOctober
ber
ber
ber
January
February
March
16, 710
'54
14, 943
24, 329
72
23, 250
April
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Production finished cement
Percent of capacity
Shipments, finished cement
Stoeks. end of month:
Finished
Clinker
18, 038
58
17, 686
24, 001
79
25, 566
29, 274
92
30, 770
30. 078
98
30, 513
29, 833
90
32, 536
31, 675
95
34, 432
31, 597
98
35, 031
32, 847
98
36, 880
28, 031
86
24, 758
23, 590
70
16, 817
18, 604
55
14, 544
36, 734
28, 235
35, 170
28. 409
33, 673
26, 587
33, 350
24, 372
30, 646
22, 561
27, 883
18, 872
24, 445
15, 360
20, 415
12, 494
23, 686
12, 124
30, 762
15, 479
34, 838
20, 364
541, 649
569, 075
587, 322
598, 554
580, 880
616, 518
591,853
618,355
612, 536
634, 767
632, 660
660, 720
661, 218
695, 549
577, 795
580, 478
534, 445
428, 293
465, 495
365, 075
441.556
388, 603
30. 951
30. 951
30. 951
30. 925
30. 925
30. 927
30. 927
31.057
31. 237
31. 421
31.421
short tons__ 117,507
114, 563
do
117, 536
142, 501
144, 005
155, 448
149. 773
165.812
162, 066
175, 751
166,901
182, 345
168, 585
183, 977
182, 976
189, 642
160, 153
151, 852
148, 227
117,249
131, 438
101, 422
136, 256
99, 761
40, 822
41, 392
50, 131
48, 889
51.763
52, 750
52. 460
52, 251
58, 977
57, 257
56, 680
50, 781
53, 312
47, 960
54, 190
54, 350
46. 349
47, 003
46, 824
38, 069
44, 069
38, 281
34, 306
34, 561
thotis of bbl
thous. of bbl_- -
do
do
' 36, 680 37, 759
' 25, 183 27,617
CLAY PRODUCTS
Brick, unglazed (common and face):
Productionc?
thous. of standard brick. . 422, 800
436, 589
Shipmentsc?1
do
Price, wholesale, common, composite, f. o. b. plant
dol. per thous.- 30. 951
Cloy sewer pipe and fittings, vitrified:^
Production
Shipment* 5
Structural tile, unglazcd:cf
Production
shipments
do
do
p 3 1.489
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments (qtrly. total)*
thous of dol
Sheet (window) glass, shipments
do
Plate and other flat glass shipments
do
Glass containers:
Production
44 121
21,116
23, 005
47, 217
22, 545
24, 672
57 611
27, 497
30, 114
40 070
21,181
18 889
-- thous. of gross. - <"• 12, 140
r
11,091
r
12,159
r
12,711
* 12, 698 ' 13, 431 * 12, 583 ' 13, 217
« r 10, 941
T
10, 848
r
12, 208
f
12, 132
Ml, 995 r 13, 663
Shipments, domestic, total..
do
General-use food:
"Yarrow-neck food
-. do
Wide-mouth food (incl. packers' tumblers, jelly
Classes, and fruit iars)
thous. of gross. _
r
13,314
r 12, 683
r
11,455
r
10.515
11,504
11,416
11,518
r
10. 487
r
10, 505
11,036
10, 347
11,929
996
1,082
1, 157
1,198
1,232
2,007
2, 369
1,407
927
977
1,124
1, 065
1, 208
'3,182
3,210
3,511
3,615
3,932
4,520
4,271
3,867
3,224
3,218
3,297
3.101
3, 375
788
Reveraso
- - - do. _
855
Beer bottles
__do
r
1, 188
Lin u or and wine
do
« r 2, 868
Medicinal and toilet
..
..do
" r 925
Chemical household and industrial
do
139
Dairy products
- do
696
1,079
1,045
2,r 668
940
128
939
1,260
>-994
2, 514
••988
136
594
994
' 1,178
r
3, 083
' 1,068
219
r
r
r
664
686
1, 577
' 3, 261
r
1,045
176
593
639
804
867
1,030
r 2. 580
'823
206
573
693
1. 137
2 95°
1.107
153
549
643
1.097
2 724
1.025
143
961
872
1,247
3,000
1,130
136
18, 956
17,971
' 18, 537 18,771
18, 938
19.341
Stocks end of month
_
do
r
"•• 19, 035 '19,031
1, 096
966
1,498
1,467
1, 157 ' 1, 170
2, 750 ' 2, 506
r 939
' 1, 032
137
141
r
r
r
18, 741
r
19, 101
r
r 19, 487
r
462
811
1,290
2, 871
1,048
192
r
r
18, 176
r 1,312
r
r
2, 751
••882
159
18, 820
GYPSUM AND PRODUCTS
Crude gypsum, quarterly total:
Imports
Production
thous. of short tons
- - do
Calcined production quarterly total _
do
Gypsum products sold or used, quarterly total:
Uncalcined uses
short tons
Industrial uses
- do
Building uses:
Plasters:
Base- coat
do
\11 other (incl Keene's cement)
do
827
1,970
1,117
2,352
1,067
2, 680
1, 196
2, 645
1,790
1,894
2,285
2,077
594, 437
63, 622
911,611
56, 424
920, 082
68, 291
1,050,600
61, 981
293, 050
262, 112
331, 536
302. 432
375, 606
339, 607
317, 420
290, 627
494.5
1 134. 4
54.6
620. 4
1 371 4
60. 7
496.3
mil, of sq. f t _ .
1, 093. 0
do
37.9
do -.
Lath
"Wallboard
\11 other©
841
542.6
1, 364 5
55 0
-
TEXTILE PRODUCTS
APPAREL
Hosiery, shipments*
Men's apparel, cuttings.^A
Tailored garments:
Suits
Overcoats and topcoat^
' 11,810
10, 723
9,891
11,317
11,303
13, 718
14, 099
1, 352
280
i 1, 665
i 450
1,416
500
1,348
508
i 1, 095
M25
1,516
568
1, 328
476
1
-do. .
do
460
5,040
i 640
i 5, 445
724
4, 976
852
4,844
1685
i 4, 635
844
4,872
thous. of d o z _ _
1,844
1
. thous. of dozen pairsthous of units
- do
Coats (separate), dress and sport*
Trousers (separate), dress and sport
Shirts (woven fabrics), dress and sport
13, 474
11,396
13, 593
12, 684
12, 891
1, 750
i 505
1, 560
340
i 1,625
1255
1,612
200
1, 608
248
i 1,940
'345
704
4, 720
*775
i 5, 455
824
4, 588
1
i 955
5, 155
884
6,552
912
6,456
1
15, 830
1
870
8, 000
1, 655
1,576
1,524
i 1, 395
1,676
1, 652
i 1, 965
1, 628
i 1, 665
1,752
1,892
i 1,860
256
288
1225
1310
244
292
240
268
1225
1235
256
288
256
320
'310
1385
256
296
i 200
1
305
224
360
284
336
i 325
1350
Women's, misses', juniors' outerwear, cuttings:A
Coats
. thous. of units. . 2,232
20. 127
Dresses
do
998
Suits
- - do. ...
1,127
26, 844
556
1,058
24, 143
332
1, 802
21, 126
949
2,661
19, 778
1,024
2,620
20, 319
1,018
2,649
20, 591
829
3,030
22, 540
902
2, 269
19, 882
987
1, 670
19, 499
952
2,307
20, 698
1, 610
r
2, 273
r 21. 383
r
1, 505
2,099
26, 343
1.042
Work clothing:
Dungarees and waistband overalls
Shirts
do
do
r
953
1,221
1,219
1,100
1,155
1,072
1, 339
1, 266
1,403
1,251
Waists, blouses, and shirts
thous. of doz__
1,280
1, 307
1,412
805
530
588
690
672
828
527
795
600
'755
700
723
730
Skirts*
do
r
J
Revised.
P Preliminary.
Data cover a 5-week period.
cf Revisions will be published later as follows: 1954 (annual data only); 1955 (annual and monthly); 1956 (January-August); 1957 (January-August); for brick and tile (data through 1956
not strictly comparable).
*Xew series; from Bureau of the Census. Revisions for 1957 and earlier unpublished data for flat glass will be shown later. For 1957 data for coats and skirts, see corresponding note in
October 1958 SURVEY.
©Comprises sheathing, formboard, and laminated board.
^Data for April, July, October and December 1958 and March 1959 cover 5-week periods and for other months, 4 weeks.
^Excludes shipments of men's slipper socks. Comparable data for January-March 1957 appear in the June 1958 SURVEY.
ARevisions for 1955-57 are available upon request. Estimates beginning January 1959 for men's apparel and, beginning December 1958, for women's, etc., outerwear are based on different
sample and are not strictly comparable with earlier data.
« Revisions for January and February 1958 (thous. gross)- Production, 11,6(>1; 10,833; shipments-total, 10,591; 10,481; medicinal and toilet, 2,S42; 2,832; chemical, household, and industrial.
943; 826; stocks, 17,985; 18,101.
SURVEY OF CURRENT BUSINESS
M:iv 1050
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
S-39
1958
March
April
May
July
June
1959
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
TEXTILE PRODUCTS—Continued
COTTON
Cotton (exclusive of linters):
Production:
3
10, 880
Ginnings^
thous of running bales
Crop estimate, equivalent 500-lb. bales
3
thous. of bales
10, 964
629 665 5 729 955
Consumption^
bales
Stocks in the United States, end of month,
totaled
thous of bales rr 13,010 Ml
796
12,963 r 11,754
Domestic cotton, total
do
O n farms a n d i n transit
_ _ _ _ _ d o _ _ r r 743 T '730
10, 500 r 9, 325
Public storage and compresses
do
Consuming establishments
_ _ ___ do _ _ r 1,720
1, 699
Foreign cotton total
do
48
42
480, 138
Exports A
bales
4,279
Imports A
do
Prices (farm) American upland
cents per Ib
26 1
Prices, wholesale, middling 1", average 14 markets
cents per l b _ _
34.5
Cotton linters:
Con sum ptionf
thous. of bales_ _
89
96
Production A cT
- - - ~ do
959
Stock^ end of month Ac?
do
T
500, 828
1,812
27 9
213
1,009
2,627
1
10, 216
7 316
10 878
2
4
11, 343
'•I 1,435
4
600 256
r
T
r
10 680
10, 640
* 514
r
8, 406
* 1,721
40
535, 032
3, 859
29 1
595 408
r
r
r
r
6
613 950
9 667
9,r 630
440
7, 520
1,671
37
8 737
8,702
291
6, 825
1,586
35
433, 434 M68,268
1,974
913
29 1
30 8
r
638 767
647 894
r
T
r
T
r
19 191
19 094
10, 836
6 782
1,476
97
5
833 366
18 360 Tr 17 364
18 258 r17 263
9, 660
5, 752
7 221
10 205
1,377
1, 305
101
102
208, 678
84, 892
33 2
211 910
23, 400
34 5
r
672 838
r
r
5
727 410
687 360
16 382 rr 15 386 rr 14 480
16, 290 r15, 302
14T 398
3, 043
1, 095
597
11 861
12 706 T 12 275
1,386
1,501
1 526
92
84
82
r
'11, 512
699 652 5 862 582
13 501
13, 425
322
11 541
1, 562
76
12 420
12 349
414
10 342
1,593
71
181, 402
12,356
33 3
313 762
472
32 4
297 845
809
30 3
222 230
1 009
28 2
210 753
1, 636
r 28 2
284 454
3,360
30 2
31 3
34. f>
34.6
34.7
34.8
34.9
34.8
34.7
34.8
34.8
34.4
34.3
34.3
34.4
75
69
943
82
49
894
86
34
829
66
35
785
885
43
680
88
94
678
5104
217
782
90
178
827
M07
167
857
101
169
864
101
140
868
5 121
57, 585
9, 172
46, 823
14, 732
2,202
37, 393
13,610
29, 232
15, 224
43, 500
10, 350
2, 105
39, 109
11 419
41, 629
8 078
38, 729
15 004
2 327
38, 037
9 481
42, 490
9 102
34, 096
14 012
41, 704
13, 674
23.11
36.4
15.0
15.8
22.75
36.4
14.8
15.5
22.00
36.4
14.7
15.4
21.71
36.4
15.0
15.1
21.65
36.4
15.0
15.0
22.30
36.4
15.4
15.5
22 24
36.4
15 4
15.8
22 16
36.4
15 4
15.8
23 36
36.4
15.6
16.0
25 06
36.4
16 5
16.3
25 01
36. 4
16 5
16. 5
25 97
36. 4
16 5
17.0
26 91
p 36. 4
v 16 5
v 17.2
.662
.945
.657
.937
. 657
.931
. 657
.933
.657
.933
.657
935
.661
933
.661
931
.661
931
661
Q31
661
931
666
r 943
•p 676
P 945
19. 262
*r 19,018
17, 469
19, 241
17,513
19. 268
17,541
19, 251
17,641
19, 279
17, 650
19, 269
17, 611
19, 276
17, 616
19, 283
17 636
19, 272
17 642
19, 265
17,637
8,777
439
8,070
8,870
444
8,190
5 11, 447
458
5 10, 496
9,180
459
8,389
510,427
417
5
9, 453
9,352
468
8 552
9,542
477
8 743
138
846
COTTON MANUFACTURES
Cotton cloth:
Cotton broadwoven goods over 12 inches in width,
production quarterly A
mil. of linear yd
Exports
thous. of sq. y d _ Im ports
do
Prices, wholesale:
Mill mar"1nst
cents per Ib .
Denim, white back, 28-inch, 8 oz/yd. .cents per y d _ Print cloth 39-inch 68 x 72
do
Sheeting, class B, 40-inch, 48 x 44-48
do
Cotton yarn, natural stock, on cones or tubes:
Prices' wholesale, f. o. b. mill:
20/2 carded weaving
dol. per Ib ~
36/2 combed knitting
do
Spindle activity (cotton system spindles) :1A
Active spindles, last working day, total
Consuming 100 percent cotton
_,
thous_do ._
Spindle hours operated, all fibers, total
millions \verage per working day
do _ _
Consuming 1 0 0 percent cotton _ _ _ _ _ _ _ d o _ _ _
2,341
45, 043
11,860
r
r
r
r
r
19, 368
17, 689
r
8, 620
r
7, 963
r
432
5
19, 230
17, 605
* 10,r 245
410
9, 466
5r
r
r
1 7, 688
r
r
8,r 183
409
7, 535
r
r
8, 304
415
7, 644
r
r
5r
5r
8,r 662
347
7, 909
8
97 ]§
s 11,706
468
10, 743
5
MANMADE FIBERS AND MANUFACTURES
347.5
144.4
66 3
113.3
442 9
167 4
97 7
145.7
391.0
162. 0
81 3
121.9
Fiber production quarterly total 9 0
mil. of Ib
Ravon and acetate' Filament yarn
do
Staple plus tow©
do
Koncellulosic (nylon, acrvlic, protein, etc.). -do
370.9
161.9
78 9
108. 1
Exports: Yarns and monofi laments
Staple tow, and tops
Imports: Yarns and monofilaments
Staple tov, and tops
thous. of lb_.
do
do ___
do
3,282
1,811
140
8,011
4,732
1, 540
191
6, 267
2,842
1,862
161
6,583
3,397
1,491
'276
5,772
3,326
1,849
139
7,224
4,233
1 859
287
6 870
4,078
2 562
264
4,548
3,750
1 986
587
8 920
3, 565
2 246
175
8 089
3,644
2 687
308
10 190
3,574
1 935
482
7,818
Rayon and acetate:
Stocks, producers', end of month, total0-.mil. o f l b _ _
Filament yarn
do
Staple (incl tow)©
do
126.7
69.8
56.9
126. 1
69 9
56.2
122.7
69 6
53.1
118.6
67 3
51 3
117.8
66.0
51.8
111.5
61.3
50.2
108. 9
60 6
48.3
104.3
59 2
45.1
97.9
55.6
42.3
96.4
51 7
44 7
98.1
50.4
47.7
.838
.311
.838
.311
.850
.311
.850
.311
.850
.311
.760
.311
.760
.311
.760
.311
.760
.311
.760
311
Prices, rayon, viscose:
Yarn, filament, 150 denier
Staple, 1 5 denier
_dol. per lb_.
_ - _ do_ _
Manmnde-fiber broadwoven fabrics:
Production, quarterly total 9 A- -thous. of linear y d _ _ 567, 357
385, 239
Ravon and acetate (excl. tire fa brie) _ ._ __do
Nylon and chiefly nylon mixtures. __ _ . _ do _ _ 81,639
Exports, piece goods
thous. of sq. yd
SILK
Imports, raw
thous. of l b _ _
Price raw \A, 20-22 denier
dol. per Ib
Production, fabric, qtrly. totalA thous. of linear yd -
574, 525
413,942
69, 228
578,053
412, 639
71,213
7
7
7
7T
54.7
31.2
7 62 9
7 32 2
2,572
2,770
285
9,289
4,260
2 038
182
10 551
7-99.0
48 1
50.9
95.2
44 8
50 4
.760
.311
.760
.311
p .770
v 311
56. 1
33 5
T
r
_
"
s 614,153
*5 424,339
75, 311
17, 686
14, 288
14,061
12, 146
9,379
11,898
11,870
15, 914
12, 238
11,742
12, 794
10, 941
13, 677
242
4 24
6,186
193
4. 27
373
4 27
228
3 93
5,775
304
4.27
422
4.27
259
4 20
6,001
522
3 72
848
3 68
993
3 62
3 6, 804
569
3 61
574
3 88
502
P 4 03
18,719
7, 608
16, 965
5, 866
18,605
6,498
20, 480
7, 382
18 630
9,913
18 114
11 446
17 418 s 19 393
12, 444 5 14, 208
19 809
14 458
r 20 265
14 583
55 25 415
16 135
WOOL
Wool consumption, mill (clean basis) :tA
Apparel class
thous. of Ib
Carpet class
_
. d o
15, 586
8,434
5
5
8
5
5
5
21 001
14, 224
17,115
12,979
13, 106
11,288
18, 274
14, 834
23, 833
31 076
11, 667
21, 221
25, 626
25 317
35 173
8.029
5.540
7.548
6. 508
4.119
5. 032
7.811
5. 206
10. 568
11.006
1 1 . 230 13. 167
6. 116
2
3
5
Revised.
Preliminary.
Ginnings to December 13.
Ginnings to January 16.
Total ginnings of 1957 crop.
•* Total ginnings of 1958 crop.
Data cover a 5-week period.
6 Beginning August 1958, data are for 4- and 5-weck periods; earlier data, calendar months.
? Data are for month shown.
s Data cover 14 weeks, other periods, 13 weeks.
§Total ginnings to end of month indicated, except as noted.
D Revisions for January 1957-February 1958 will be shown later.
IfData for April, July, October, and December 1958 and March 1959 cover 5-week periods and for other months, 4 weeks; cotton stocks and number of active spindles are for end of
period covered.
ARevisions for 1955-57 are available upon request.
cf Data beginning October 1958 for production of linters and for that part of stocks "at oil mills" are in thousands of equivalent 600pound hales (earlier data in thousands of running bales). October 1958 figures comparable with data shown through September (thous. of bales): Production, 208; total stocks, 777.
f Revised series. Calculation of mill margins revised (back to August 1954) to incorporate prices for expanded selection of 20 types of more widely used cloths and to reflect raw cotton
prices for 4 areas of cotton production; prior series calculated from 17 cloth prices and raw cotton prices for Memphis territory growth only.
9 Includes data not shown separately.
©Beginning January 1958, data exclude all figures for acetate staple plus tow. (It should be noted that for 1954-57, data as published for staple and tow exclude the greater part of acetate
tow for cigarette filtration purposes.) For years 1955-57, production of acetate staple plus tow (included in total staple through 1957) averaged 14.1 mil. Ib. per quarter.
Wool imports, clean content,
_ .. _ _ _ d o
A nnarcl class (dutiable), clean content
do
r
p
!
__
SURVEY OF CUEKEXT BUSIXESS
S-40
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
May 1059
1958
March
April
May
June
July
1959
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
TEXTILE PRODUCTS—Continued
WOOL AND MANUFACTURES
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
Graded territory,
fine
dol. per lb__
Graded fleece 3/8 blood
do
Australian, 64s, 70s, good topmaking, in bond. -.do
Knitting yarn, worsted, 2/20s-50s/56s, Bradford system,
wholesale price t
1947-49 =100Woolen and worsted woven goods, except woven felts:
Production, quarterly totaled
_ thous. of lin. yd__
\pparel fabrics total
do
Other than Government orders, total
__do
Men's and boys'
do
Women's and children's
do
Prices, wholesale, suiting, f. o. b. mill:
Flannel men's and boys'
1947-49 = 100. _
Gabardine women's and children's
do
1. 250
.938
1. 238
1.135
.847
1.225
1.150
.836
1.225
1.150
882
1. 225
1.130
.875
1.195
1.125
875
1. 175
1.125
875
1.175
1.125
.843
1.075
1.125
849
1.025
1 . 1 25
915
1.025
1.088
908
1.025
1.075
870
.975
1.075
860
.975
93.5
91.5
86.0
94.8
94.8
93.5
93.5
91.0
88 5
90 5
90 5
89 3
90 5
105 6
90 8
102 7
90 8
49, 805
49, 590
1, 452. 8 1.440.0
34,014
1, 185. 7
61,490
58, 780
58, 391
27, 442
30, 949
114.1
103.9
71,011
68, 483
66, 717
26, 312
40 405
72, 029
69, 921
68, 784
29, 913
38 871
114.1
97.3
111.9
97.3
111.9
97.3
108.6
97.3
106.7
97 3
106.7
90 8
1. 165
962
1.035
i 68,760
i 66 176
i 64,674
1
30,190
1
34 484
106.7
89. 1
104.5
89 1
104.5
89 1
104 5
89 1
r
TRANSPORTATION EQUIPMENT
AIRCRAFT
Manufacturers of complete types:
Aircraft, engines, propellers, parts, etc.:
Orders new (net) quarterly total
mil of dol
Sales (net) quarterlv total
_ do__
Backlog of orders total end of quarter
do
For U 8 military customersc?1
do__
Civilian aircraft :&
Shipments
thous. of dol
Ail frame weight
- --thous. of Ib _
38, 417
1,397.0
48, 677
1,635. 8
37, 616
1,356.6
26, 421
1,093. 1
41.587
1,418.7
Exports (commercial and civilian) ©cf
19, 535
16, 655
18, 887
10, 966
20, 086
number, _ 433, 464
342
- - _-do._ _
313
do
359, 464
do
do_ __ 346, 297
73 658
do
do__ _ 57, 637
396, 712
344
290
322, 482
308, 904
73 886
56, 042
427, 608
241
206
352. 076
340, 599
75 291
58, 509
412, 971
91
84
342, 228
334,311
70 652
56, 019
381, 813
358
290
316, 408
310, 001
65 047
50, 454
do
do _
do _
. do _.
_- do _
27, 791
13,475
14.316
36. 881
35, 590
27, 126
12, 402
14, 724
38, 073
36, 465
30, 280
13, 695
16, 585
36, 355
34, 981
- do _
do
do
3.330
1,620
233
3,465
1,690
251
3,722
1,826
287
400, 501
55, 450
418,255
63, 403
423. 484
63, 238
Railroad and private-line shops, domestic. -do
6, 150
4,670
4, 504
1,480
5, 501
3, 968
3,820
1,533
3,762
2,392
2,338
1,370
2,501
1,273
1,273
1,228
2,178
1, 145
1, 145
1,033
2, 182
1,307
1 307
875
2,296
1,153
1 055
1,143
1.811
759
606
1,052
2, 256
1,319
905
937
2,763
1, 584
1 442
1,179
1,972
1,014
982
958
2.506
1, 677
1 657
829
2 808
1,777
1 766
1,031
3 741
2.334
2 334
1,407
New orders total cf
-do
Equipment manufacturers, total
do
Domestic
do
Railroad and private-line shops, domestic -do
204
203
203
1
400
300
300
100
1,391
1,340
1, 340
51
320
192
192
128
821
821
386
0
1,873
871
771
1,002
1,670
1.628
1,543
42
666
606
606
60
6,525
4,628
4,398
1,897
3,706
2,004
2,004
1,702
4,328
1,390
1,069
2,938
1.925
1.414
1,295
511
10, 795
7,370
7,370
3, 425
3,240
3, 199
537
Unfilled orders, end of month, total
do
Eouipment manufacturers, total
do_
Domestic
do
Railroad and private-line shops, domestic, -do
38, 249
11. 854
11. 632
26, 395
32, 982
8,232
8,158
24, 750
30, 406
6,975
6, 955
23, 431
27. 777
5, 444
5,424
22, 333
26, 449
5, 149
4,694
21, 300
26, 166
4,739
4, 184
21, 427
25, 524
5,221
4, 679
20, 303
24, 059
4, 648
4,259
19,411
28, 167
7,996
7,791
20, 171
27, 659
8,467
8,404
19, 192
29. 822
8,800
8,448
21, 022
29, 240
8,536
8,085
20, 704
35, 927
14, 129
13 689
21, 798
35, 969
15, 041
14, 551
20, 928
10
10
63
57
0
0
63
57
2
2
61
55
16
16
45
39
20
20
25
19
0
0
55
49
3
3
52
46
10
10
43
37
4
4
44
38
8
2
36
36
0
0
36
36
0
72
72
0
0
132
132
0
0
132
132
1.752
6.1
1, 751
6.6
1.749
7.1
1.747
7.6
1,744
8.0
1,741
8.3
1,737
8.4
1.733
8.2
1,729
8.4
1, 726
86
1,724
89
1.722
9.2
1, 717
88
thous of dol
2,651
2, 858
14,324
8.694
2,264
2, 866
13, 722
8.011
2 974
2,947
13 062
6,946
2, 112
2,799
13 035
7 130
30, 776
1, 106. 0
24, 401
855.2
49, 328
1, 545. 6
34, 881
1, 107. 1
37, 672
1, 258. 9
r
26 768
13, 279
8,064
9 767
9 951
12, 991
4,213
250, 460
265
259
194, 974
192, 770
55 221
47, 030
149, 256
216
212
102,687
98. 009
46 353
34, 232
342, 324
149
149
272, 241
263, 491
69 934
55, 865
605, 334
167
124
511, 885
497, 218
93 282
79, 618
709, 078
208
165
608, 730
594, 188
100 140
82, 688
635, 664
169
112
539, 451
527, 588
96 044
81, 599
577, 093
143
141
476, 977
466. 564
99 973
83, 775
r
r
15,267
7,425
7, 842
36, 170
34, 592
14, 755
6,546
8,209
42, 256
41,245
18, 873
11,333
7, 540
38, 916
37, 569
35, 641
15, 458
20, 183
54, 824
53, 218
24. 248
11. 520
12, 728
55, 728
54, 075
21,319
10, 700
10, 619
50, 916
49, 167
4, 386
2.384
342
4.720
2,816
262
4. 154
2,430
258
4,782
2.871
269
4,875
2.913
330
4, 168
MOTOR VEHICLES
Factory soles total
Coaches totol
Domestic
Passenger cars, total
Domestic
Trucks total
Domestic
.
-
Exports totalo*
_ _ __
Passonsrer cars (new and used)c?
Trucks and buses
Imports (cars, trucks, buses), total*
Passenger cars (new and used)*
_
Truck trailers (complete), production fa"
Vans
Trailer chassis onlv for sale separately
Registrations: O
Xew passenger cars
Xew commercial cars
do
do
- -
20,815 ' r24, 394
9,714
9, 408
11,101
14,986
45.212
30,117
28, 835
43, 550
4.742
1, 785
234
r
15, 326
5,060
10, 266
36, 875
36, 020
3,814
2,031
299
r
r
r
686, 612 p 2 694.
800
245
p 2 265
200
575, 012 p 2 579, 300
563, 849
111 355 P 2 115 200
93, 060
31,452
10. 758
20, 694
58, 207
56, 474
4, 888
2,T 692
435
5,544
2,924
558
410. 607 3400,286 3 370, 856 3 317,070 3321,285 3334,876 3511,284 419, 512 423, 793
63, 995 3 63, 383 3 63, 981 360,716 3 56, 234 3 55, 222 3 73, 891 ' 61, 776 64, 688
496, 717
77, 593
3. 628
1,779
269
RAILROAD EQUIPMENT
American Railway Car Institute:
Freight cars:
Shipments total
Equipment manufacturers total
number
do _
Passengers cars (equipment manufacturers):
Shipments, total
_ _
Domestic
Unfilled orders, end of month, total
_ _
Domestic
do_ __
do
-do
do
Association of American Railroads:
Freight cars (class !):§
Number owned or leased, end of month _ thous__
Held for repairs percent of total owned _ _
Locomotives (class I)'O
Diesel-electric and electric:
Owned or leased, end of mo No. of power units.
Serviceable end of month
do
Installed in service (new), quarterly total do
Unfilled orders end of month
do
28, 134
26. 865
237
206
Exports of locomotives, total (railroad-service and industrial tvpes)
_
._— number..
80
r
l
28, 181
26, 729
27
403
28, 182
26 922
74
134
84
42
79
2
122
94
80
o
28, 303
26 838
96
561
95
62
96
28, 395
26 822
204
589
59
33
42
3
Revised.
*> Preliminary.
Data cover 14 weeks; for other periods, 13 weeks.
Preliminary estimate of production.
Excludes registrations lor Oregon; data to be revised later.
^Monthly data for 1917-56 are shown at bottom of p. S-38 of the March 1958 SURVEY.
cf Scattered revisions will be shown later; see corresponding note in March 1959 SURVEY for periods affected.
®Data beginning January 1958 exclude exports of new cargo transports, included in earlier data. In 1957, such exports were valued at $1.4 million.
*New series (from Bureau of the Census). Data cover complete units, chassis, and bodies.
^Beginning 1958, manufacturers report all assembled complete trailers, including those for which separate chassis were purchased; prior to 1958, complete trailers for which a manufacturer
purchased the chassis and added the body were excluded from the "complete trailer" classification.
GData beginning January 1959 include new registrations in Alaska.
§ Excludes railroad-owned private refrigerator carp.
U . S . G O V E R N M E N T P R I N T I N G O F F I C E : 1959
•INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40Pages marked S
Sections, by general subject:
General business indicators- _ _ _ _
___-_
1-5
Commodity prices--.
... 5-7
Construction and real estate.
. ,__ _ _
7, 8
. Domestic trade.
8-11
Employment and population
, , _ 11-15
Finance
16-20
International transactions of the U. S
_. 21, 22
Transportation and communications
23, 24
Chemicals and allied products
24-26
Electric power and gas
. ...
26, 27
Foodstuffs and tobacco
.
27-30
Leather and products
30, 31
Lumber and manufactures
31
Metals and manufactures
_ _ _ 32-34
Petroleum, coal, and products
35,36
Pulp, paper, and printing
36,37
Rubber and rubber products
37
Stone, clay, and glass products
38
Textile products
38-40
Transportation equipment—,—,.—.
...
40
Advertising
,___
8, 9
Agricultural employment
11
Agricultural loans and foreign trade.; _ _ 16, 17, 21, 22
Aircraft and parts
2, 12, 13, 14, 15,40
Airline operations
23
Alcohol, denatured and ethyl
24
Alcoholic beverages
2, 6,8,9, 27
Aluminum___
33
Apparel
„
2, 3, 6, 8, 9, 10, 12, 13, 14,15, 38
Asphalt and asphalt and tar products
36
Automobiles
2, 3, 8, 9, 12, 13,14, 15, 16, 17, 22, 40
Bakery products
_„
2,12,13,14,15
Balance of payments
_
21
Banking
„
14,16
Barley
_
28
Barrels and drums
32
Battery shipments .,
.
34
Beef and veal
29
Beverages
2, 6, 8, 12, 13, 14, 15, 27
Blast furnaces, steel works, etc____
12,14,15
Blowers and fans
34
Bonds, outstanding, issued, prices, sales,
yields
17,18,19, 20
Book publication
37
Brass and bronze
_
,__
___
33
Brick
38
Brokers' loans and balances
... 16,19
Building and construction materials
8, 9,10
Building costs
8
Business incorporations (new), failures
„
5
Business sales and inventories
_. . —
3
Butter
.
27
Cans (metal), closures, crowns
„
32
Car-loadings.
_ —...
23
Cattle and calves
29
Cement and concrete products
6, 8, 38
Cereal and bakery products
6, 12, 13,14, 15
Chain-store sales, firms with 4 or more and 11
or more stores
10
Cheese
27
Chemicals
2, 3, 4, 6, 12, 13, 14,15,19, 22, 24
Cigarettes and cigars
6, 30
Civilian employees, Federal
12
Clay products
6, 38
Coal
.
3, 6, 11,13, 14, 15, 22, 23, 35
Cocoa
22,29
Coffee. _
22,30
Coke
23,35
Communications-.11,13, 14,15,19, 20, 24
Confectionery, sales
29
Construction:
Contract awards
7
Costs
8
Dwelling units
7
Employment, hours, earnings, wage rates
11,
13,14,15
Highways and roads
7, 8, 15
New construction, dollar value
1, 7
Consumer credit
16, 17
Consumer durables output, index
3
Consumer expenditures
1,9
Consumer price index
6
Copper
22,33
Corn
28
Cost of living (see Consumer price index)
6
Cotton, raw and manufactures
2, 5, 6, 22, 39
Cottonseed, cake and meal, oil
25
Credit, short- and intermediate-term
16, 17
Crops
2, 5, 25, 26, 28,30,39
Crude oil and natural gas
3, 11, 13,14, 15
Currency in circulation
18
Dairy products. _ _
__ 2, 5, 6, 12,13, 14,15, 27
Debits, bank
16
Debt, Uni ted States Government
17
Department stores
9, 10,11, 17
Deposits, bank
16, 18
Disputes, industrial
13
Distilled spirits
27
Dividend payments, rates, and yields1,19, 20
Drug-store sales
9, 10
Dwelling units, new
7
Earnings, weekly and hourly
14, 15
Eating and drinking places
9, 10
Eggs and poultry
2, 5, 29
Electric power
6, 26
Elec. mach. and equip- 2,3,6,12,13,14,15,19, 22,34
Employment estimates and indexes
11, 12
Employment Service activities
13
Engineering construction
7,8
Expenditures, United States Government
17
Explosives
25
Exports (see also individual commodities)
21, 22
Express
operations..
23
Pages marked S
Failures, industrial and commercial
5
Farm income, marketings, and prices
1, 2, 5, 6
Farm wages
15
Fats and oils, greases
6, 25, 26
Federal business-type activities
17
Federal Government finance
17
Federal Reserve banks, condition of
16
Federal Reserve reporting member banks
16
Fertilizers
6, 25
Fire losses
8
Fish oils and
fish
25,30
Flaxseed
.
25
Flooring
.
31
Flour, wheat
29
Food products
2,3,4,5,
6, 8, 9, 10, 12, 13, 14, 15,19, 22, 27, 28, 29, 30
Foreclosures, real estate
8
Foreign trade
21, 22
Foundry equipment.
34
Freight carloadings
23
Freight cars (equipment)
40
Freight-car surplus and shortage
23
Fruits and vegetables
5,6,22,28
Fuel oil
35
Fuels
6,35,36
Furnaces
34
Furniture
2, 3, 6, 9, 10, 12, 14, 15, 17
Furs
22
Gas, prices, customers, sales, revenues
6, 26, 27
Gasoline
9, 36
Glass and products
38
Generators and motors
34
Glycerin
24
Gold
18,21
Grains and products
5, 6, 22, 23, 28, 29
Grocery stores
9, 10
Gross national product
1
Gross private domestic investment
1
Gypsum and products
6, 38
Hardware stores
9
Heating apparatus
6, 34
Hides and skins
6,22,30
Highways and roads
7, 8, 15
Hogs
29
Home Loan banks, loans outstanding
8
Home mortgages
8
Hosiery
38
Hotels
11, 13, 14, 15, 24
Hours of work per week
12, 13
Housefurnishings
6, 8, 9, 10
Household appliances and radios
3, 6, 9, 34
Imports (see also individual commodities)
21, 22
Income, personal
1
Income and employment tax receipts
17
Industrial production indexes
2, 3
Installment credit
16, 17
Installment sales, department stores
10
Instruments and related products. 2, 3, 12, 13, 14, 15
Insulating materials
34
Insurance, life
18
Interest and money rates
16
Inventories, manufacturers' and trade
3, 4, 10,11
Iron and steel, crude and manufactures
2,
6,8,12,14,15,19,22,32,33
___
35
Kerosene.
Labor disputes, turnover
13,14
Labor force
11
Lamb and mutton
29
Lard
.—
29
Lead
33
Leather'andproducts.... 2,3,6,12,13,14,15,30,31
Linseed oil
26
Livestock
2, 5, 6, 23, 29
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit)
8,16,17,19
Locomotives
40
Lubricants
36
Lumber and products
2,
3, 4, 6, 8, 9, 10,12,14, 15,19,31
Machine tools
34
Machinery
2, 3, 4, 5, 6, 12, 13, 14, 15, 19, 22, 34
Mail-order houses, sales
11
Manmade fibers and manufactures
6, 39
Manufacturers' sales, inventories, orders
3,4,5
Manufacturing employment, production workers, payrolls, hours, earnings
11, 12, 13, 14, 15
Manufacturing production indexes
2,3
Margarine
26
Meats and meat packing
2, 5, 6, 12, 13, 14, 15, 29
Medical and personal care
6
Metals
2, 3, 4, 5, 6, 11, 12, 13, 14, 15, 19, 32, 33
Milk
27
Mining and minerals
2, 3, 11, 13, 14, 15, 19, 20
Monetary statistics
-18
Money supply
18
Mortgage loans
8, 16, 18
Motor carriers
23
Motor fuel
36
Motor vehicles
6, 9, 19, 40
Motors, electrical
34
National income and product
1
National parks, visitors
24
National security expenditures
1,17
Newsprint
22,37
New York Stock Exchange, selected data
19, 20
Nonferrous metals
2, 6, 12, 14, 15, 19, 22, 33
Noninstallment credit
17
Oats
Oil burners
Oils and fats, greases
Orders, new and unfilled, manufacturers'
Ordnance
28
34
6, 25, 26
5
12, 14,15
Pages marked S
Paint and paint materials
*..,.. 6, 26
Panama Canal traffic
,-_..'
™
23
Paper and products and pulp
<
2,
3, 4, 6,12,13,14,15,19, 36, 37
Parity ratio
*.-'5
Passports issued
,
,—
24
Payrolls, indexes
*.«:.
12
Personal consumption expenditures
«
1, 9
Personal income
.
„.*:.
1
Personal saving and disposable income. _.__-,..
1
Petroleum and products
.
„-...
2,
3, 6,12,13,14,15,19, 22,35, 36
Pig iron
„„..
32
Plant and equipment expenditures
._ 2,19
Plastics and resin materials
;.*26
Plywood
;.,
_«
31
Population.
11
Pork
...
29
Postal savings
16
Poultry and eggs
2,5, 29
Prices (see also individual commodities):
Consumer price index
„_
6
Received and paid by farmers...
.5
Retail price indexes
..
6
Wholesale price indexes
„_
6
Printing and publishing
2, 3,12,13,14,15,37
Profits, corporate
,_ 1,19
Public utilities. 2, 6, 7,11, 13, 14,15,18,19, 20, 26, 27
Pullman Company
.
24
Pulp and pulpwood
36
Pumps
34
Purchasing power of the dollar..
„_
7
Radiators and convectors
34
Radio and television
3, 6, 8,34
Railroads
2,11,12,13,14,15,19,20,23,40
Railways (local) and bus lines
11, 13,14,15, 23
Rayon and acetate
_.
..
39
Real estate
8,16
Receipts, United States Government
._
17
Recreation
._
6
Refrigeration appliances, output
34
Rents (housing)
._
6,9
Retail trade, all retail stores, firms with 4 or
more and 11 or more stores, general merchandise, department stores. 3, 5, 9,10,11,13,14,15,17
Rice
.
._
28
Roofing and siding, asphalt
„
36
Rubber and products-. 2, 3, 4, 6,12,13,14,15, 22, 37
Rye
28
Saving, personal
1
Savings deposits
.
„_
16
Securities issued
19
Services
1, 9, 11,13,14,15
Sheep and lambs
29
Ship and boat building_._
12, 13,14, IS
Shoes and other footwear. . 6, 9, 10,12,13,14,15, 31
Shortening
26
Silk, prices, imports, production
6, 39
Silver
18
Soybeans and soybean oil
26
Spindle activity, cotton
39
Steel ingots and steel manufactures (see also
Iron and steel)
2,32,33
Steel scrap
32
Stocks, department stores
11
Stocks, dividends, prices, yields, earnings,
sales, listings
20
Stone, clay, and glass prod--. 2,3,4,12,14,15,19,38
Stoves and ranges
34
Sugar
_
22,30
Sulfur
25
Sulfuric acid
_
.
•_.
24
Superphosphate
.-„
23
Tea imports
,_
30
Telephone, telegraph, cable, and radio-telegraph carriers—
11,13,14,15,20,24
Television and radio
3,6,8,34
Textiles and products
„
~~_
2*
3, 4,6,12,13,14,15,19, 22,38, 39,40
Tin
_ _ - 22,33
Tires and inner tubes
6,9,10,12,13,14,15,37
Tobacco and manufactures
,
». —
2,
3, 4, 5, 6, 8,12,13,14,15, 22,30
Tools, machine
34
Tractors
...
22,34
Trade, retail and wholesale
.
*__
3,
5,9,10,11,13,14,15,17,20
Transit lines, local
^.__
23
Transportation and transportation equipment
2,3,4,5,6,9,
10, 11, 12,13,14,15,19, 22, 23, 24, 40
Travel
___
24
Truck trailers
40
Trucks
„ 2,34,40
Unemployment and compensation—.
• _ _ 11,13
United States Government bonds.- 16,17,18,19, 20
United States Government
finance
17
Utilities
2, 6, 7,11,13,14,15,19, 20, 26, 27
Vacuum cleaners
__
34
Variety stores
9,10
Vegetable oils
_ _ • _ _ ' 25, 26
Vegetables and fruits
5, 6, 22, 28
Vessels cleared in foreign trade .
*..__
23
Veterans' benefits
_ _ 13,17
Wages and salaries
Washers
Water heaters
Wheat and wheat
flour
Wholesale price indexes
Wholesale trade
Wood pulp.
Wool and wool manufactures
Zinc_.
.
1, 14, 15
34
34
_..
28, 29
6
3, 5, 11, 13,14,15
36
2, 5, 6, 22, 39,40
33
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