Full text of Survey of Current Business : May 1960
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MAY 7960
survey of
CURRENT
BUSINESS
U.S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
SURVEY OF CURRENT BUSINESS
VOL. 40, NO. 5
MAY 1960
U.S. Department of Commerce
Frederick H. Mueller,
Secretary
Office of Business Economics
M. Joseph Meehan,
Director
Contents
THE BUSINESS SITUATION
PAGE
Summary Review . . . . . . . . . . . . . . . . . . . . .
Features of the Business Situation ,
Buying of Consumer Durable (roods Improved With Spring
Sales Push
Rebuilding of Inventories Important in Production Rise
. .
GNP Reaches $500 Billion Rate
National Income Sets Like Record .
Foreign Economic Aid Steady
Military Assistance Off
.
Changes in Aid
.
Growth in Business Concerns
Louis J. Paradiso
Managing Director
1
2
2
5
Lough tin F. McHugh
Business Review Editor
Billy Jo Dawkins
Graphics
7
STAFF CONTRIBUTORS
TO THIS ISSUE
11
Business Review and Features:
Clement Winston
Genevieve B. Wimsatt
Betty C. Churchill
12
.
13
SPECIAL ARTICLE
Financing the Expansion of GNP in the Current Cyclical Move .
Financial Requirements and Supplies
Needs Up With GNP Advance
Position o f Lenders
.
.
.
.
,
,
,
.
Corporate Finance . . . . . . . . . . .
Personal and Unincorporated Business Finance
Financial Position of Government
.
.
.
.
.
.
.
.
19
21
22
SI-S24
Industry
S24-S40
Subject Index
Economic Aid:
E. Seymour Kerber
Article:
John A. Gorman
18
19
MONTHLY BUSINESS STATISTICS
General
Grass National Product:
Robert B. Bretzfelder
14
14
14
16
Interest Rates a n d Security Prices . . . . . . . . . . . .
Financing by Major Borrower Groups
K. Celeste Slob
Statistics Edito,
Inside Back Cover
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Office.
U.S. DEPARTMENT OF COMMERCE FIELD OFFICES
Albuquerque, N. Mex., 321 Post Office Bldg. Phone
7-0311.
Atlanta 3, Ga., 604 Volunteer Bldg,, 66 Luckie St., N.W.
JAckson 2-4121.
Boston 9, Mass., U.S. Post Office and Courthouse Bldg.
C A pitol 3-2312 or 2313.
Buffalo 3, N.Y., 504 Federal Bldg., 117 Ellicott St.
MAdison 4216.
Charleston 4, S.C., Area 2, Sergeant Jasper Bldg., West
End Broad St. Phone: 2-7771.
Cheyenne, Wyo., 207 Majestic Bldg.. 16th St. and
Capitol Ave. Phone: 8-8931.
Chicago 6, 111., Room 1302, 226 W. Jackson Blvd.
A Ndover 3-3600.
Cincinnati 2, Ohio, 915 Fifth Third Bank Bldg., 36 E.
Fourth St. DUnbar 1-2200.
Cleveland 1, Ohio, Federal Reserve Bank Bldg., E. 6th
St. and Superior Ave. CHerry 1-7900.
Dallas 1, Tex., Room 3-104 Merchandise Mart. Riverside 8-5611.
Denver 2, Colo,, 142 New Customhouse. KEystono
4-4151.
Detroit 26, Mich., 438 Federal Bldg. WOodward 3-9330.
Greensboro, N.C., "407 U.S. Post Office Bldg. Phone
3-8234.
Houston 2, Tex., 610 Scanlan Bldg., 40£ Main Street,
CApitol 2-7201.
Jacksonville 1, Fla., 425 Federal'Bldg. ELgin 4-7111,
Kansas City 6, Mo,, Room 2011, 911 Walnut St. BAlrimore 1-7000,
Los Angeles I5t Calif., Room 450, 1031 S. Broadway.
Richmond 9-4711.
Memphis 3, Tenn., 212 Falls Bldg. JAckson fr-342n.
Miami 32, Fla., 316 U.S. Po?t Oilke Bldg. FKanklin
9-5431.
Minneapolis 1, Minn,, 319 Metropolitan Bldg. FKdpral
2-3211".
New Orleans 12, La,, 333 St. Charles Ave. EXpress 2411.
New York 1, N.Y., Empire State Blrlg. LODgacro ?-3377.
Philadelphia 7, Pa., Jefferson Bldg., 10)5 Chestnut St.
WAlnut 3-2400.
Phoenix, Ariz., 137 N. Second Ave, ALpine 8-5851.
Pittsburgh 22, Pa., 107 Sixth St. GRanr 1-5370.
Portland 4, Oreg., 217 Old U.S. Courthouse Bldg.
C A pita! 6-3361.
Reno, Nev., 1479 Wells Ave. Phone 2-7138.
Richmond 19, Va., Room 308 Parcel Post Bldg. Milton
4-9471.
St. Louis I, Mo., 910 New Federal Bldg. MAin 1-8100.
Salt Lake City I, Utah, 222 SW. Temple St. EMpire
4-2552.
Han Francisco 11, Calif., Room 419 Customhouse.
YUkou 6-3111.
Savannah, Ga., 235 U.S. Courthouse and P.O. Bldg.
A Dams 2-4755.
Seattle 4, Wash., 809 Federal Office Bldg,, 909 Fir*r Ave.
MUtual 2-3300.
By the Office of Business Economics
B,
BUSINESS IN APRIL was featured by an advance in consumer
buying which pushed retail sales ahead
more than seasonally. General merchandise and auto sales have been in
the forefront of the spring pickup.
The slackening in housing construction
has accounted for some of the lower
sales in related consumer goods purchases, such as furniture and furnishings.
Department store sales moved ahead
sharply in April, and were 8 percent
above a year ago, bringing cumulative
sales for the first 4 months 5 percent
above the comparable period of 1959.
The pickup in new auto sales is discussed in detail in a following section
where the success of the new compacts
is related to the sales of the larger cars.
The result of this shift has been a
lowering of the average outlay paid by
buyers for new vehicles. Stocks of
autos hi the hands of dealers continued
at the March figure of over a million
domestically produced units, as the
lowering of manufacturers' output
brought assembly performance into
line with current sales.
April income and employment higher
Personal income was up in April
from March, with improved business,
to an annual rate of $397 billion, $4
billion above the first quarter average
and 5 percent above the flow a year
ago. More than half of the April
rise was in wages and salaries, as
employment increased, in part through
the renewal of outdoor activity which
was affected by the March adverse
weather. Farm income increased somewhat as prices received by farmers
improved over March. Elsewhere
changes were small but on the up side.
The number of employees in nonfarm occupations rose by % million
over the month, largely reflecting a
pickup in activity on construction.
Small April gains were evident in
other nonmanufacturing establishments.
Factory employment was unchanged
from the preceding month, as further
cutbacks in durable goods lines were
offset by small but widely spread
increases among nondurable goods
producers.
At 53 million, the April total of nonfarm employees was 1.3 million above
a year ago. All major industries, with
the exception of mining and construction, contributed to the year-to-year
increase although the pattern of movement within the 12-month period was
quite varied. Factory employment
reached its high point soon after the
start of 1960 when the pressure for
restocking of materials reached its
post-strike peak. Since then there
has been a small net decline in the
number of workers on factory payrolls.
Trade, service, and Government employment which accounted for almost
one million of the year-to-year increase
has moved more or less steadily upward over the past year. Of the
450,000 rise in Government employment of the past year, State and local
governments accounted for 300,000;
the remainder records the temporary
hiring of Census workers by the Federal
Government.
Changes in other employment categories since last spring have been small
and largely offsetting, with the number
of construction and mine workers
tending lower, while job openings in
finance and public utilities were moderately higher.
Improvement in the number of
persons employed over the past year
has been offset in part by cutbacks in
the workweek, notably in durable
goods manufacturing, since the start
of the year. The workweek in manufacturing now averages 39% hours in
contrast to 40% last December and a
slightly lower figure of 40.3 hours a
year ago in April. Since early last
winter when substantial pressure was
exerted in terms of overtime operations,
the cut in the workweek has involved
reduced overtime pay and this has
served to offset the underlying tendency
in basic pay scales. This was not the
case, however, in nonmanufacturing
activity and so, here, continuing average pay rate adjustments have served
to push incomes upward.
Industrial output was little changed
in April from the March figure of 109
(1957 = 100), with a mixed performance
by the various industries. The pace
setters of early 1960—steel and autos—
have shown a receding tendency. As
earlier noted, auto production has been
brought into line with current sales,
with production lines shifting to the
models in greater demand. Industries
PERSONAL INCOME Has
Advanced to a New High
Rise slackened; then up in April
Billion Dollars
400
TOTAL
/
380
*J
/
-
360
A
-
/^
/
340
320
-
-i i i i i l i i i i i
as the strike impact on payrolls
was over by January
280
WAGES AND SALARIES
^/
s"
260
-
s
240
V/~V
-
220
Agricultural income tended down after
December but marketing prospects
have recently improved
40
FARM PROPRIETORS' INCOME
20
-
/**^—->-^
0
1957
1958
^
^
1959
i i I i i i 11
1960
Monthly Tota s, Seasonally Adjusted, at Annual Rates
U. S. Department of Commerce, Office of Business Economics
60-5-9
SURVEY OF CURRENT BUSINESS
which have generally been moving upward include electronics, office equipment, machine tool, and apparel.
Incoming new business of manufacturers was fairly steady in the aggregate over the first quarter of the year
and somewhat below the shipment
rates. Unfilled orders were under those
of a year ago. Total new orders in
March remained at the JanuaryFebruary average, as the decline in
steel ordering with the improved supply position was offset by increased
business going to transportation equipment producers. With the large capacity to produce and with buyers
feeling more secure in their materials,
component and finished goods position,
the earlier feeling of urgency is gone
from the markets.
been virtually no change in industrial
wholesale prices, an apparent shift is
underway in farm-food primary markets. Recently these prices have been
tending upward, although running still
below those realized by purveyors a
year ago. The turnup in farm and
food prices since last fall appears to be
more than seasonal, and is a factor in
the moderate improvement in farm
income prospects. During part of 1958
and throughout 1959 a persistent decline
in farm and food prices lowered related
prices for both distributors and consumers.
Financial markets
Financial markets continued to trace
the pattern of the earlier months of the
year. After the sharp drop in January,
stock prices moved irregularly in the
Housing off—business investment up
succeeding 3 months and in mid-May
Residential construction activity re- were little changed from the January
mains at reduced rates, with the current low. While rail stock prices were pressvalue put in place down one-seventh ing downward, utilities have moved
from a year ago. Private housing back to previous highs reached in 1959.
starts, after allowing for seasonal in- Industrials are below a year ago but
fluences, have been running at an still somewhat above the preceding
annual rate of 1.1 million, compared high point reached in 1957. Profits are
with 1.4 million started last year. In better than a year ago, though there
a move to assist purchasers, the FHA
lowered minimum downpayment requirements on medium priced housing
in April, an action authorized last
year by Congress. But a major factor
in the recent picture has been the
availability of mortgage financing, and
the slight easing of money markets
noted recently does not appear to have
changed the basic supply of mortgage CONSUMER purchasing of durable
goods picked up in April after moving
funds.
Expansion of fixed investment by along at a steady rate in the early
business continues to be a favorable months of the year. As auto sales
element in the business pattern. Busi- have advanced, and other consumer
nessmen are moving ahead with pro- products are doing well but have not
grams which, as reported in the March been strong in relation to the current
SURVEY, called for a 14 percent gain in income flow. Expenditures for durables
1960 over last year. The rise currently in the first quarter at 12 X percent of
is reflected mainly in machinery and disposable personal income, were proequipment sales, and the continuing portionately as low as in any nonrestrong trend in office building and similar cessionary period in the fifties.
With the rapid recovery in producconstruction.
tion and income which is reviewed in
Prices edge up
the following national income story,
Consumer and wholesale prices have buying in the first quarter rose to a rate
increased a bit since the start of the close to last year's peak. The first
year. For consumers, higher costs of quarter gain was limited, however, due
services contributed to the fractional in part to the influence of temporary
rise in their costs. While there has special factors.
May 1960
has been a variegated performance as
evidenced by individual reports so far
issued covering the first quarter.
Bond prices have also fluctuated, but
the general tendency has been upward
with easier money market conditions.
Yields on Treasury long-term bonds
averaged 4.2 percent in April, compared
with a high of 4.4 percent around the
turn of the year. Shorter-term interest
rates have reacted even more in 1960;
though averaging higher in April than
in March, the recent bill rate of around
3 percent is well below the 4.6 average
of last December. Yields on private
debt issues have been affected to a
lesser extent but in early May new
issues were sold at yields below the
postwar high.
In summary, the economy has scored
in the first third of the year a substantial rise over the corresponding period
last year, with April moving up some
from the record first quarter average.
This general performance is reviewed
in the following section presenting the
evidence afforded by the national income accounts, and the financial aspects
are discussed comprehensively in the
article in this issue.
Buying of Consumer Durable Goods
Improved With Spring Sales Push
Auto buying higher
The spurt of auto sales in recent
weeks raised the total for the first 4
months of this year to about 2 million
new cars (domestically produced),
about a seventh more than in the
similar period of last year, and second
only to the 2% million sold in the similar
period of the 1955 record sales year
Registrations of imported new cars in
the first quarter of this year were also
up from a year ago; the seasonally
adjusted annual rate was about 600,000
units, compared with the 1955 total of
about 60,000. So the retail market in
total is more favorable in comparison
with 1955 than is indicated by the sales
of domestic cars alone.
SUEVEY OF CUEEENT BUSINESS
May 1960
Sales of domestic cars in the first
third of the year were at a seasonally
adjusted annual rate of over 6 million,
with March and April running closer to
to a 6K million rate. Registrations of
foreign new cars started off the year
with a volume equal to about 10
percent of domestic new car registrations.
Domestic production was well above
sales until mid-March, and subsequently has been in line with sales,
New Automobile Sales
So far in 1960 are one-seventh above
a year ago
1957=100
125
I960
100
75
50
F
M
A
M
J
S
0
N
D
U. S. Department of Commerce, Office of Business Economics
with stocks of domestically-produced
cars holding around one million units.
Compacts: good demand alters sales
pattern
In the accompanying chart, a comparison is presented of the distribution
of new model passenger car production
through March and of imports in the
corresponding period in the 1957, 1959,
and 1960 model years. In the earlier
periods the compacts consist of
Studebaker Larks and Ramblers, while
aiow there is a wide array, including
Falcons, Corvairs, Valiants, and
Comets.
The shift toward the "compacts" is
clearly evident, and the production
pattern, of course, reflects the trend of
sales. In the 1957 model year, imports
and compacts together accounted for 4
percent of the total market; the "Big
Three" took 59 percent, while the
larger American cars accounted for the
remaining 37 percent.
By 1959, tively low, about 37 percent was in the
imports and compacts were each automotive group while in 1955, the
accounting for about 8 percent of the share of such durable goods expenditotal, the "Big Three" share was down tures was 46 percent.
to 52 percent and the remainder off to Household appliances do better—
31 percent.
furniture not so well
In the current model year the shift
The declining trend of new private
was accentuated greatly as the major
producers moved into the "compact" residential construction over the past
market. Imports have continued to three quarters has had some influence
gain though at a lower rate, while the on the decline in consumer buying of
furniture and household equipment
compacts' share has jumped to 22 persince the peak last year. Expenditures
cent—the proportion in April was in
in this group had been generally level
excess of one-fourth. The "Big Three"
in the period 1956 through 1958 at a
standard models have recently acseasonally adjusted annual rate of about
counted for 40 percent of the total, and
the remaining standard makes edged $17^ billion.
In 1959, expenditures for furniture
down another 3 points to 28 percent
and
household equipment advanced to
with differential sales performances,
a
peak
of nearly $19 billion in the third
of course, for the different makes.
quarter
of the year—with virtually all
It thus appears, on the basis of the
of
the
rise
representing a higher physical
behavior indicated in the first half of the
volume
of
demand. Preliminary data
model year, that compacts have
for
retail
stores
and department stores
"caught on" and have met a real confor
April
indicate
some improvement
sumer demand for a smaller and less
in
appliances,
television
and radio from
expensive vehicle. They are an imthe
first
quarter
results,
but no gain in
portant factor in the vigor of new car
furniture
and
homefurnishings.
sales in the present period, and it
Among other durables including such
appears that they have succeeded in
diverse
goods as jewelry, books, ophmaking their major inroads on the share
thalmic
products and orthopedic appliheretofore taken by the standard makes
ances,
wheel
goods, durable toys, sports
of passenger cars, and primarily, of the
equipment,
and
boats and pleasure airthree largest producers. Furthermore,
craft,
expenditures
have continued so
current indications are that this trend is
far
this
year
around
the
end of 1959 top.
continuing as the year advances; in at
Paced
by
boats
and
equipment
for other
least one case production of compacts
is currently larger than the output of
Changing Automobile Market
the standard car of the same brand.
Average price of new autos down
One effect of this change in the
product-mix has been to reduce the
average unit price per car sold—by
about 4 or 5 percent from 1959. The
new compact automobiles are in the
lowest price range and are typically
purchased with less optional equipment.
While compacts at present are only a
small proportion of vehicles in use, they
have a growing impact on fuel consumption and other maintenance costs.
Expenditures in the automotive
group in the first quarter were at an
annual rate of just over $18 billion,, or
about 42 percent of total spent by consumers for all durable goods. This is
about the same as the proportion for
the year 1959, and for most recent years.
In 1958, when new car sales were rela-
Percent distribution of production
plus imports
Percent
100
All Other
Cars
"Big Three*
Standard
Models
50
1957
1959
1960
Model Year Through March
Data: Automotive News
U. S. Department of Commerce, Office of Business Economics
60 -5-3
SURVEY OF CURRENT BUSINESS
Table 1.—Consumption Expenditures as Percent of Disposable
Personal Income
above a year ago, with sales moving
ahead so far in 1960. The increasing
use of transistors has made available
small and pocket-size radios that have
NonDurable
Services Savings
durable
opened up a large new market. The
32 4
greater
volume of radios built for the
1953
13 0
46 7
78
7 4
1954
12 6
46 5
33 6
increased number of automobiles pro1955
14 4
45 5
33 7
6 4
duced has also been a factor.
1956
13.2
44 9
34 1
7 9
1957
13.1
44 7
34 7
The strong showing made in this
75
1958
11 9
44 9
35 8
74
sales
area is also supported by evidence
1959
12 8
44 2
36 1
69
from
department
store sales as reported
1959
72
1st quarter
12 6
44 4
35 8
by
the
Board
of
Governors
of the Fed7 2
2d quarter
13.2
44 1
35 6
3d quarter..
44.2
13.0
36 3
eral
Reserve
System.
Reports
for the
6 5
4th quarter
12.6
44.1
36.4
7.0
first
3
months
indicate
an
advance
in
1960
12.6
43.7
1st quarter
36 6
sales
of
the
radio,
phonograph,
tele71
vision department of nearly a fifth
Source: U.S. Department of Commerce, Office of Business
Economics.
above the same quarter a year ago, and
leisure-time activities, these sales have a sizable year-to-year gain was being
had a growth rate well above average maintained in April. The substantial
for the past 5 years. They are now growth in sales of high fidelity sound
close to $7 billion or 16 percent of con- equipment and records is also consumer expenditures for all durables. tinuing.
Reports of television and radio unit
Other consumer appliances that have
shipments in the first quarter of 1960 been fairly active in the early months
indicated advances of more than a fifth of this year are vacuum cleaners and
Movement of Monthly Business Indicators
Manufacturers' Shipments
Manufacturers' New Orders
of Industrial and Electrical Machinery
for All Products
Billion Dollars
Billion Dollars
I 40
Total
20
Nonfarm Employment
Industrial Production
75
Auto Production
Department Store Sales
Housing Starts
Steel Production
(annual rate)
Mil. Tons
1500
20
Census
A. 1.8 Steel
500
1958
1959
1960
1958
1959
1960
Monthly, Seasonally Adjusted
U. S. Department of Commerce, Office of Business Economics
60 - 5 -1
May 1960
dishwashers and food disposal units.
Refrigerators were about unchanged
from a year ago, while shipments of
freezers, washers, dryers, oil burners,
gas ranges, electric ranges, and electric
storage water heaters had fallen off.
At department stores, departments
selling home furnishings showed improvement as the quarter advanced.
For the first 3 months sales of this department were about 8 percent above
the same period a year ago. Partly,
the improvement in sales of home furnishings after a slow January start,
may have been due to strong promotional activity by department stores
in an effort to stimulate furniture and
appliance sales at a time when the
usual seasonal upturn in many soft
goods items was held back by the unseasonably cold weather that affected
so much of the country.
To some extent, the recent production-consumption situation in consumer
appliances is similar to that in automobiles. Production of household
equipment items in the first quarter
was at near-record rates. Despite the
high volume of retail sales dealers7
inventories began to rise substantially.
As a result production schedules of
some consumer appliances are currently
being cut back to bring them in line
with sales.
Consumers borrow more
Related in large part to the improved
automobile demand, total installment
credit outstanding climbed upward
from last year. The month-to-month
change in installment credit outstanding, seasonally adjusted, had averaged
about $450 million through most of 1959.
The figure declined at the year end,
largely as a result of the fall in new car
sales, then rose again as the new year
started. By the end of March total
installment credit outstanding was up
about $5% billion from a year ago, with,
almost 45 percent of this increase accounted for by automobile paper.
The month-to-month gain in automobile credit outstanding in the first
10 months of 1959, seasonally adjusted,
averaged about $220 million. In the
last 2 months of the year this advance
was halted as new extensions fell back
to the value of repayments. An upward movement in automobile paper
SURVEY OF CURRENT BUSINESS
May 1960
Table 2.—Consumer Expenditures for Durable Goods
(Billions of dollars—seasonally adjusted annual rate)
1958
1959
1960
Percent change
1st qtr. 1st qtr.
1st qtr. 2d qtr. 3d qtr. 4th qtr. 1st qtr. 2d qtr. 3d qtr. 4th qtr. 1st qtr. 1958 to 1959 to
1st qtr. 1st qtr.
1959
1960
36.9
36.7
37.1
39.8
41.3
44.1
43.6
42.8
43.7
12
6
Automobiles and parts
13.5
13.6
13.2
15.7
17.2
18.8
18.2
17.2
18.2
27
6
Furniture and
equipment
17.2
17.0
17.6
17.8
17.7
18.8
18.9
18.8
18.7
3
6
6.1
6.1
6.3
6.3
6.4
6.4
6.5
6.8
6.8
6
6
Total
household
Other
Source: U.S. Department of Commerce, Office of Business Economics.
outstanding began again in January and ever, now sales are running well ahead
currently the monthly gains are once of a year ago, and repayments have
more in excess of $200 million. How- tended to stabilize.
Rebuilding of Inventories Important in
Production Rise
THE ROLE which the required rebuilding of inventories has played
among the economic forces at work, so
far this year, and the gradual lessening
of the intensity of this demand are discussed later within the general framework of the national accounts. In this
section, with the aid of the data now
available, it is worthwhile to analyze
this influence in more detail.
Stocks have been lifted relative to
sales, and the short-run demand from
this source has diminished in intensity
in successive months, though actual
additions are still large. Some factors
operating in this falling pressure on
production are the recent stability in
prices; the easier material supply situation which is backed up by the large
available capacity; the improved balance in the stock position throughout
the economy; and the recent changes
in the procurement programs of the
military agencies which has required
extensive shifts in raw material and
in-process stocks.
The rise in factory-held stocks started
off the year at $900 million, seasonally
adjusted, in January, and fell successively to $600 million in February, and
$400 million in March. This has resulted in downward adjustments in
production schedules for some com
modities. Most affected was steel
where operations are off from about 96
percent of capacity at the turn of the
year to 75 percent, with orders flowing
in at an even lower rate.
completion of the rebuilding of metal
stocks. Shipments of steel companies
declined one-fifth from January to
April, and in the later month new
orders were equal to but three-fifths of
the value of shipments.
The dampening effect on production
activity in the automobile industry
after the build-up of dealers' stocks of
new cars has been referred to earlier.
Substantial amounts of materials had
been assembled by motor vehicle manufacturers—and by their suppliers of
such products as textiles, rubber, and
chemical finishes—as assembly operations spurted ahead. In trimming auto
production to the sales rate, pur chases
of materials and parts fell off.
Durable goods producers as a group
added rather steadily each month to
finished goods and goods-in-process
stocks. An increase in finished goods
was necessary to avoid possible losses
of sales, yet some inventories were
INVENTORY SWING IN TRADE
dominated by automobile
stocks, and
Purchased material needs reduced
Two-thirds of the first quarter seasonally adjusted inventory increase occurred in manufacturing; the March
rise in book values was equally matched
by the increase in trade stocks which
had been restricted by the shortages of
some durable goods. The decline in
the pace of accumulation in factory
stocks was sharp in purchased materials, moderate in finished goods, and
slight in goods-in-process. As can be
seen in the subject chart, recent fluctuations in inventories have been largest
in the purchased materials category
under the successive impacts of anticipatory steel buying, the depletion
during the strike, and the post-strike
replenishment.
Inventory movements in early 1960
were again centered in the durable
goods industries—which accounted for
nine-tenths of the first quarter rise, and
all of the lesser March increment.
January proved to be the peak month
of inventory advance; the fall off in
orders for metals points up the prompt
-i.o
IN MANUFACTURING by
metal-using industries
2.5 Tofal
2.0 -
/
1st
2nd
3rd
4th
Metal-Using
Industries
1st
1959
I960
Quarterly Change, Seasonally Adjusted
U S Department of Commerce, Office of Business Economics
60- 5*4
SURVEY OF CURRENT BUSINESS
6
not moved as expected due to a slack
ening of product demand.
Trade stocks rise in early 1960
SALES AND INVENTORIES of
Metal-Using Industries
Stock-sales ratio restored
With companies adding to inventories, the March dip in manufacturers'
sales raised the stock-sales ratio for the
durable goods group to the pre-strike
position. For all of the durable goods
industries, except the machinery groups,
March inventory-sales ratios were above
a year ago. (Table 1.) For the machinery groups the ratios were about the
same as a year earlier.
The chart has been drawn to portray
for the metal-using industries—metals
fabricators, machinery and motor vehicle companies—the recent movements
in sales and inventories. The sales
recovery from the cyclical low of early
1958, is large as it always is in business
swings. Inventories continued to decline until the end of that year; subsequent improvement did not keep pace
with the rise in shipments so that the
stock-sales ratio declined. For the
metal-using industries as a group both
Table 3.—Manufacturers' Inventories and Turnover Rates
[Billions of dollars]
1959
1960
March June Sept. Dec. March
Inventories, seasonally adjusted
Total manufacturers
Durable goods industries
Primary metal
Iron and steel
50.5
52.1
51.9
52.4
54.3
28.9
30.2
29.8
30.1
31.7
4.3
2.6
4.2
2.4
3.9
2.2
4.1
2.4
4.5
2.6
Transportation
equipment
Motor vehicles and
parts
6.9
2.7
3.1
3.2
3.0
3.2
Machinery
9.2
9.7
9.7
9.9
10.4
21.5
21.9
22.1
22.3
22.6
Nondurable goods industries
7.3
7.4
7.2
7.6
Inventory-Sales Ratios
Total manufacturers
Durable goods industries
1.73
1.67
1.74
1.70
1.76
2.01
1.92
2.11
2.01
2.09
Primary metal
Iron and steel
1.68
1.48
1.44
1.23
3.24
5.09
1.47
1.20
1.76
1.57
Transportation
equipment
Motor vehicles and
parts
2.15
2.08
2.01
2.43
2.20
1.30
1.38
1.41
1.96
1.53
Machinery
2.20
2.13
2.09
2.11
2.20
Nondurable goods industries
1.46
1.42
1.41
1.42
1.44
Source: U.S. Department of Commerce, Office of Business
Economic?.
May 1960
The major change in inventories
has been in purchased materials
Billion Dollars
10
The pattern of movement of trade
firms' inventories during the first quarter differed from that of manufacturing
companies, with the March increment
larger than in either January or February. Less than usual seasonal sales
gains in some lines were no doubt a
factor. The April picture was more
favorable with the step-up in consumer
purchasing noted in the opening summary of the business review.
Three-fourths of the rise in retail
stocks for March was in nondurables
which had previously shown a high
degree of stability. Motor vehicle
dealers added moderately in the early
part of the month before stopping the
stock advance. Trade stocks, other
than automotive, have been rising at a
Table 4.—Movement of Manufacturers1 Sales and Orders
1958
1959
[Billions of dollars]
1960
End of Quarter, Seasonally A d j u s t e d
Note
1959
Include fabricated metals, machinery and
U S Department of Commerce, Office of Business Economics
I
60-5-5
II
1960
III
IV
I
Sales seasonally adjusted
finished goods and goods-in-process
inventories rose almost continuously
throughout 1959 and into I960, with
no apparent liquidation during the
steel work stoppage. Purchased materials were reduced during that period
but after a substantial rebuilding early
in 1959. Purchased materials were
again added to in December and the
first 2 months of 1960, but this rise was
halted in March.
Nondurable inventories
There was a persistent upward movement in the inventories held by manufacturers of nondurable goods throughout 1959 and in the opening 2 months
of 1960. By March minor liquidations
of inventories began to appear in several industries.
With sales of nondurable goods at a
record rate so far this year, the inventory
turnover improved as compared with
a year ago. In two industries—textiles
and rubber—recent ratios have been
running above year-ago rates; and
these two plus chemicals have accounted
for three-fifths of the rise in soft goods
inventories.
Total manufacturers.. .
28.6
30.8
30.0
29.7
31.2
Durable goods industries. 13.9
15.5
14.5
14.2
15.4
Primary metals
Iron and steel
2.4
1.6
2.9
20
1.5
.7
2.0
2.7
1.2
1.8
Transportation equipment
Motor vehicles and
parts
3.2
35
3.6
3. 1
3.5
2.0
2.2
2.2
1.7
2.2
Machinery _
4.1
4 5
4.7
4.7
4.8
14 6
15 3
15 5
15 5
15 7
_ -
Nondurable goods industries
New Orders seasonally adjusted
Total manufacturers
29.5
31.0
30.1
30.1
30.2
Durable goods industries . 14.7
15.7
14.7
14.5
14.5
Primary metals
Iron and steel
29
21
26
17
19
1. 1
2 2
2 1
1.4
1.2
Transportation equipment
3.2
3.7
3.3
2.9
3.5
Machinery
4 3
4 7
4 9
4 8
4 7
14 8
15 3
15 4
15 6
15.7
Nondurable goods industries
Unfilled Orders unadjusted
Total manufacturers
50 4
50 4
51 1
51 5
49 4
Durable goods industries _ 47.2
47.0
47.9
48.1
46.2
6.4
4 9
5.0
36
6.0
4 6
6.8
5 2
5.4
39
Transportation equipment
.- -
16.1
16 4
15.7
15.7
15.3
Machinery
16 8
17 5
18.0
17 8
17.8
3.1
3.4
3.2
3.4
3.2
Primary metals
Iron and steel
Nondurable goods industries
Source: U.S. Department of Commerce, Office of Business
Economics.
SURVEY OF CURRENT BUSINESS
May 1000
slow but steady rate throughout 1959
and 1960 as sales moved ahead with the
income rise.
Both department store sales and
stocks are currently above early 1959,
with stocks continuing under close
control. New orders placed by department stores, which in January and
February were at a higher volume than
a year ago, were reduced in March as
the seasonal merchandise did not move
as expected.
Gross National Product Reaches $500 Billion Rate
National Income Sets Like Record
THE VIGOROUS upswing in production carried the gross national product
to a $500 billion annual rate in the first
quarter of 1960. Expansion in the
physical volume of output accounted
for most of the $16% billion increase—
over 3 percent—from the closing quarter of 1959, as less than $3 billion of this
rise was attributable to price advances.
National income moved up in the
first quarter, rising in line with production considerably above the $403 billion rate reached in the fourth quarter.
Labor income was up 3 percent, and improvement is indicated for corporate
profits and most other types of earnings.
Farm income was off, but prices firmed
in March and April and the outlook has
thus improved over earlier forecasts.
The latest rise in output stemmed
from continued growth, and the delayed
cyclical advance in the economy. Its
particular vigor in this quarter thus reflected the rebound from the steel
strike. This was most visible in the
movement of business inventories,
heavy restocking during the winter
having made good the depletion associ
ated with the strike. Much of this was
a prerequisite to the resumption of fullscale manufacturing operations.
Final purchases also showed recoveiy
from the adverse effects of the strike.
The first-quarter advance in these purchases amounted to $9 billion, at an
annual rate, and made up for much of
the slackening which had marked the
fourth quarter of last year.
Averaging the gains of the past three
quarters to minimize the strike effect,
the recent growth in final purchases has
been on the order of $5 billion quarterly. In the first year of advance fol-
RISE IN NATIONAL OUTPUT
INVENTORIES rebuilt in 1960 first quarter,
but
Half of rise came in FINAL DEMAND
with advance in consumption and
industrial investment
Billion $ (ratio scale)
Gross National Product
500
\
400
300
Personal Consumption
Expenditures
200
Business Fixed Investment
50
40
30
1957
1958
1959
1960
Quarterly Totals, Seasonally Adjusted, at Annual Rates
Increase in purchases of FINAL
PRODUCTS in first quarter reflects
improved supply position
Billion $
FINAL PURCHASES -CHANGE
10
Li•T.llih I
-10
INVENTORY advance was
unusually sharp
10
ll.1
1
in
1957
|M
1958
-
1
1959
1
1960
Change in GNP by Q u a r t e r s , Seasonally A d j u s t e d , at
Annual R a t e s
U S. Department of Commerce. Office of Bus,ness Economics
Pattern of upswing
After the year-end spurt, changes in
the overall pace of economic activity moderated. Total personal income
showed average gains of less than $12
billion per month, at seasonally adjusted annual rates, through the balance
of the winter quarter. A larger advance, as pointed out in the monthly
business review, was scored in April.
Much of the post-January slackening
is traceable to the steel and steel-using
industries, where activity rose to a very
high rate in the catching-up period after
the strike settlement and has since fallen off as the inventory pipelines filled.
This development is clearly visible in
the recent course of business inventories. Accumulation reached a peak at
the turn of the year and, though still
going on in some lines, is a lessening
influence.
The movement of final purchases during the first quarter was in line with the
current cyclical pattern except that it
was under the handicap of the severe
late winter weather. Auto and department store sales particularly were up in
April, as consumer buying improved.
Consumer Buying
INVENTORIES -CHANGE
0
lowing the 1958 recession, the quarterly
gains averaged more than $8 billion.
Such a slowing can be expected to occur
as a cyclical rise proceeds.
Underlying the increases have been
the strength of business fixed investment, and some recovery in export demand from the low, together with the
continued uptrends in consumer purchases of nondurable goods and services and in State and local government
outlays. Several other markets for the
GNP which had been major factors in
the first year of the upswing have not
contributed to the expansion more recently. Residential building has declined lately, and Federal purchases
have eased off, while consumer buying
of durables has been mixed.
Consumer buying, at a $321 billion
annual rate, was $4 billion higher in
the opening quarter of 1960 than the
quarter before. Close to half the increase reflected an advance in prices.
First-quarter consumption was nearly G
percent above a year ago in value and
over 4 percent in volume.
SURVEY OF CURRENT BUSINESS
Consumer market developments in
the first quarter featured a rebound in
new auto sales, and continued growth
in expenditures for services. Spending
for food was up about in line with
prices; while outlays for most other
types of goods showed little change.
Auto sales improve
The $1 billion rise in the annual rate
of auto spending, to $18 billion in the
first quarter, reflected some catching up
as the supply shortages of late 1959
were overcome. For the first 4 months
of 1960, unit sales were above the yearearlier period by 15 percent. The
effect of this improvement on total
GXP was not so great as the figures
would suggest; the gain centered in the
new compact models, which generate
less business for the supplier industries.
Production was stepped up in the
early months of this year, in order to
bring retail stocks of cars up to the desired volume. By the end of the quarter
auto inventories had been built up to
record levels, and subsequently they
have been held even. The size of stocks
reflects the dealers' need to carry a
wider variety of models this year, and
May 1960
the industry's desire to post a large
sales gain over 1959.
Demand for furniture and household
appliances has shown little change since
new residential activity turned down
after the middle of last year.
quarter, has declined from month to
month so far in 1960 though remaining
at relatively high levels. The recent
course of housing starts and of applications for Government backing indicates a continuation of this movement
for the immediate future.
Food and apparel
While the decline in expenditures
Food consumption about matched from last year's peak has amounted to 8
the fourth quarter in real volume. percent, the fall in starts has been conCurrent dollar outlays, however, siderably sharper. Outlay per unit has
spirted late in the winter as prices risen, reflecting an increase in the prorose. Most of the price advance was portion of higher priced housing built
traceable to supply factors affecting as well as a general advance in conhogs, poultry and eggs, as weather struction costs; and expenditures for
losses reinforced the effects of the 1958- additions and alterations have held up.
59 price decline on production.
Business fixed investment rose. Part
First-quarter sales of clothing and of the immediate gain reflected a reshoes were about even with the final covery from the strike-caused slowquarter of last year on a seasonally downs, but the underlying influence was
adjusted basis, the total being held the continuing cyclical upswing in
down by a dip late in the winter demand for plant and equipment. Data
though this was apparently made up in from the OBE-SEC survey of business
capital plans indicate a continued imApril.
provement during 1960.
The scheduled gains from the fourth
Capital Investment
quarter to the first, while industrially
Residential construction activity, widespread, were concentrated in areas
which moved downward last year after where recovery in investment had
reaching an all-time high in the spring lagged. Outlays in manufacturing rose
Table 5.—Gross National Product in Current and Constant Dollars
[Seasonally adjusted, at annual rates]
Billions of current dollars
j
1958
1959
1957
I
Gross national product
Personal consumption expenditures _ .
Durable goods
Nondurable goods _
Services
-
-
_
Gross private domestic investment _
New construction
Residential nonfarm
Other
Producers' durable equipment
Chance i n business inventories
Nonfarm
_
_ _
IV
I
I
III
IV
I
442.5
441.7
479.5
470.4
484.8
478. 6
483. 5
500.2
408. 3
399. 0
426.0
420.7
432.1
424. 3
426.8
439.3
284.8
293. 0
311.6
303.9
311.2
313. 3
317. 0
321. 1
270.8
273. 3
287.6
282. 3
288.3
288.8
291.1
293.5
40.3
137.7
106. 7
37.6
141.9
113.4
43.0
147.9
120.7
41.3
145.3
117.4
44. 1
147.7
119.4
43.6
148. 0
121. 6.
42.8
150. 1
124. 1
43.7
151.1
126. 3
38.5
132.6
99.8
35.7
133. 7
103. 8
40.2
139. 3
108.2
38. 8
137. 3
106.2
41.2
139.7
107.4
40.6
139.4
108.8
40.2
140.7
110.2
41.1
141.3
111.1
66.6
54.9
71.1
70.0
77.7
67.0
69.7
79.2
58. 5
47.3
60.2
59.8
66.0
56.4
58.8
66.3
36.1
35.8
40.2
39.7
41.0
41.0
39.2
40.4
31.9
31.5
34.4
34.3
35.1
34.9
33.3
34.0
17.0
19.0
18.0
17.7
22.2
18.0
21.9
17.8
23.1
17.9
22.6
18.3
21.3
17.9
21.3
19.1
15.4
16.5
16.2
15.2
19.4
15.0
19.3
15.0
20.2
14.9
19.7
15.2
18.4
14.9
18.2
15.7
27.0
22.9
26.1
23.9
26.0
27.5
28.1
24.6
19.3
21.5
19.8
21.3
22.1
22.7
23.1
2.0
-3.8
4.8
6.3
10.7
-1.0
3.0
10.6
2.0
-3.5
4.4
5.7
9.5
-.6
2.8
9.2
. - -
1.2
-4.9
3.9
5.4
9.8
-1.8
2.3
10.1
1.1
-4.4
3.5
4.7
8.6
-1.4
2.1
8.6
-.9
.0
-.6
1.2
3.8
.0
-2.2
-.7
-2.6
-2.7
-3.5
4.9
1.2
0
26. 2
21.3
22.6
21.3
22.8
23.6
21.5.
22 4
22.1
23.9
24.1
24. 1
23.4
24.1
24.8
.23.6
24.4
20.6
21. 6.
21.6
21.7
24.3
20.4
23.1
20.9
24.5
23.1
25.0
22.4
24.7
23.3
24.0
86.2
92.6
97.6
97.4
97.7
98.4
97.4
98.8
75.1
78.4
80.7
81.3
81.4
81.0
79.1
80.2
49.4
52.2
53. 5.
53. 8
53.9
53.6
52.7
52.3
42.8
44.1
44.2
44.9
45.0
44.1
42.7
42.4
44.3
5.5
.4
44. 5.
8.1
.5
45.8
8.1
.4
45.8
8.3
.3
46.2
8.0
.3
45.9
8.1
.4
45. 3
7.8
.4
44.8
7.8
.4
36 8
40.5
44.1
43. 6
43.8
44.8
44.7
46.5
32.3
34.4
36.5
36.4
36. 4
36.9
36.3
37.7
-1.8
NOTE.—For back data see Tables 1-3 and 1-5 in the July 1959 Survey, and for years prior to 1956, in U.S. Income and Output.
II
28.5
Government purchases of goods and services
State and local
III
1960
1959
_
K xports
Imports
National defense
Other
Less' Government sales
II
1958
_ _ _ . - _
. - - -
Net exports of goods and services (GNP basis). ._
Federal
1959
1960
1959
1957
Billions of 1954 dollars
-1.9
SUKVEY OF CURRENT BUSINESS
May I960
$1 billion, at annual rates, with the
12 percent stepup in durable goods lines.
Investment in rail and other transportation increased, and gains were also
registered for the public utilities arid in
the commercial category. Outlays in
mining dropped back after a six-month
advance.
Inventory swing in durables
Inventory accumulation last winter
was comparable in size with that recorded in the spring of 1959 when preparations were being made for the ensuing steel and copper strikes. No
buildup approaching this size has occurred in any other quarter since the
Korean war period.
Though most of the first-quarter
change in producers' inventories went
to rebuild the depleted stocks of durables manufacturers, some of it repreCONSUMERS Have Advanced
Their purchasing of
NONDURABLE GOODS
Billiori Dollars
160
,-
150
140
130
, 1 i
!
!
I
1
i
!
1
I
1
i
!
I
!
ar d SERVICES . .
130
/
120
110
100
. f
1
1
1
1
I
1
1
I
1
1
1
!
i
!
biit have lowered purchasing
of NEW HOUSING . . .
30
^—
20
10
«. 1
i
1
1
1
!
1
1
!
I
(
1
1
1
1
w tile showing a conservative
artitude toward DURABLE GOODS
50
40
30
^ 1
!
1
1957
1
1
1
1
1958
1
!
I
i
1
1959
1
1
1
1960
Quarterly Totals, Seasonally Adjusted, at Annual Rates
U S Department of Commerce, Office of Business Economics
548341°—60
60-5-7
sented an extension of last year's pattern of slow but steady accumulation in
nondurable goods lines.
The upswing in dealers7 holdings of
new cars has already been noted. In
addition, distributors accumulated
stocks of major consumer appliances;
here production was being cut back as
the quarter ended.
Trends in Government
The divergent movements which
have characterized government buying
for more than a year continued into
1960. State and local purchases extended their growth while Federal buying declined further. (See chart.)
Last year's gradual contraction in
Federal spending resulted mainly from
a cut in net outlays for farm price support commodities, owing to resumption
of large-scale exports of cotton in particular.
Outlays for national defense have
moved moderately lower since mid1959. Military procurement has placed
increasing emphasis on the production
and development of new types of weapons, leading to some shifts in the industrial and regional distribution of
defense business.
International Position
Improved
But Excess of Payments
Continues
The position of our balance of international payments—which has been
adverse for an extended period as has
been noted in the SURVEY regular reviews—improved somewhat further in
the initial quarter of 1960, with the
recovery in exports being the major
factor. United States imports, and the
total of our payments to foreigners,
apparently did not show much change
on a seasonally adjusted basis. The
analysis of our position and the nature
of the changes must await the receipt
GOVERNMENT PURCHASES
• Federal purchasing easing
• • Other governments continue
to expand buying
Billion Dollars
60
Federal
50
Federal surplus emerging
Limited declines in Federal buying
and in unemployment compensation
payments since the turn of the year
have combined with a considerable upswing in revenues to convert the $3
billion (annual rate) deficit of late 1959
to a surplus in early 1960.
Among the revenue gains was a rise
of $2% billion, or one-sixth, in social
security taxes. This reflected mainly
statutory increase in the rate of payments made by employers, employees,
and the self-employed. With the improvement in general business, individual and corporate income taxes also
contributed substantial sums to the
expansion of Federal receipts.
The cyclical swing in the Federal
fiscal position had its usual steadying
influence on the flow of purchasing
power into private markets for the GNP.
Its effect on the financial markets is
noted later in the article in this issue
of the SURVEY.
40
State and Local
30
1957
1958
1959
1960
Quarterly Totals,
Seasonally Adjusted, at Annual Rates
U. S. Department of Commerce, Office of Business Economics
60-5-
of additional basic data, and this will
be presented as usual in the quarterly
summary in the June issue of the
SURVEY.
It suffices here to say that the effect
of the changes that occurred in the
early part of this year was to restore a
moderately positive figure (net exports)
for net exports of goods and services in
the GNP, whereas for 1959 it was a
negative figure (net imports). This
does not mean that the adverse balance
of payments position has been corrected,
since it is also affected by other foreign
SURVEY OF CURRENT BUSINESS
10
transactions. The improvement so far
since the third quarter of 1959 has been
only to lower the large adverse balance.
This still remains of a size which warrants continuing efforts for further improvement, and the redress of our position is being given specific attention
by the Federal agencies concerned.
Our balance of payments includes
more than the goods and service transactions that go into the GNP, and
these other transactions—-as well as the
upward shift of imports in relation to
our exports—have been contributing
to our adverse international position.
There was another substantial loss of
liquid assets to foreign countries in the
first quarter—less than in the initial
quarter of last year, but still more than
we can afford in the long run.
Income also posts record
The national income also advanced
sharply in the first quarter to a new
high. Compensation of employees
moved up $8K billion from the final
quarter of 1959—-the previous top—
with pay rates rising and a rebound of
employment in steel and steel-using
industries. Recovery in these industries also brought an improvement in
corporate profits, though data are still
lacking on the size of the advance.
Steel output was not back to normal
before mid-November, and production
in auto and other steel-using industries
was seriously hampered by lack of supplies from early October well into
December. Favored by cyclical factors
and growth trends, the fourth-quarter
national income nevertheless approached a $403 billion rate—about equaling
the high that had been recorded in the
spring of 1959 under the temporary
stimulus afforded by anticipatory buying prior to the strike.
The marked rise in wage and salary
payments in the opening quarter of
Table 6.—Personal Income and Its Use
[Billions of dollars, seasonally adjusted, at annual rates]
I960
19 59
1957
1958
1959
1
Personal income
Wage and salary disbursements
Commodity-producing industries
Manufacturing only
Distributive industries
Service industries
Government
Other labor income
11
III
IV
I
350 6
359 0
380 2
371 8
381 1
381 0
386 8
393 1
238. 5
239. 4
257.8
250.9
259. 4
259. 5
261.5
268. 6
102. 2
80.fi
63. 4
32.7
40. 2
97.8
76. 7
63.8
34.6
43.2
107.3
84.6
67. 6
37.2
45. 7
104. 2
82. 1
66. 0
36.0
44.7
109. 6
86.4
67. 4
37.0
45.4
107.6
85.0
68.3
37.6
46. 0
107.9
84.8
68.6
38.3
46. 7
112. 6
89.0
69 7
38.9
47.4
9.1
9.3
10.0
9.7
9.9
10.1
10.3
10.4
44.5
46.6
46. 3
46.9
46.6
45.1
46. 7
46. 3
32 7
11.8
32.4
14.2
34.5
11.8
33 7
13.2
34. 5
12. 1
31. 8
10.3
35. 1
11.6
35. 4
10. 8
Rental income of persons
11.5
11.8
12.0
12.0
12.0
12.0
12.0
12.2
Dividends
12.5
12.4
13.2
12 8
13.0
13.4
13.6
13. 6
19.5
20.4
22.4
21.3
22.0
22.7
23.5
24.4
21.7
26. 1
26.8
26.4
26.5
26.5
27.7
27.4
7.3
1.8
4.4
83
8.5
3.9
4.6
9 1
10.1
2.5
4. 4
9.7
9.4
2.9
4. 5
9.5
10.2
2.2
4.5
9.6
10.4
2.0
4.3
9 8
10. 5
2.8
4.4
9 9
10. 6
2.4
4.4
10.0
Proprietors' income
._
..
Business and professional
Farm .....
Personal interest income .
-.
Transfer payments
Old-age and survivors insurance benefits
State unemployment insurance benefits
Veterans' benefits
Other
Less: Personal contributions for social insurance....
Leas: Personal tax and nontax payments
Federal
State and local
. .
Equals: Disposable personal income.-
_ _ _ _ _ _
Less: Personal consumption expenditures
Equals: Personal saving
Disposable personal income in constant (1954) dollars .
6.7
7.0
8.3
8. 1
8.3
8.4
8.4
9.7
42.7
42.6
45. 5
44.4
45.8
45. 9
46.1
47.7
37. 4
5 4
36.7
5.8
39.2
6.3
38 2
6. 2
39. 5
6.3
39.5
6.4
39.7
6.4
41.0
6. 7
307.9
316. 5
334. 6
327. 4
335. 3
335. 1
340. 8
345. 4
284.8
293. 0
311.6
303. 9
311. 2
313. 3
317.0
321.1
23 1
23 5
23 1
23 5
24 1
21 9
23 7
24 4
292. 9
295.2
309. 0
304. 3
310.7
308. 9
312. 9
315. 7
XOTE.—For back data see Table II-2 in the July 1959 S T K V E Y , and for years prior to 1956, in U.S. Income and Output.
May li>60
1960 was in contrast to the limited gains
made during the latter half of 1959.
The first-quarter advance was due in
about equal parts to the increase in
employment and to the continued
growth in hourly earnings.
As the chart on page 1 reveals, the
payroll gains were mostly registered
around the turn of the year with the
recovery of employment in steel and
steel-using industries and in mining.
Railroad wage payments also moved up
sharply with the improvement in traffic.
Most other industries reported lesser
advances.
Corporate profits did not recover
from the effects of the steel strike until
the first quarter of the current year.
In the fourth quarter steelmakers' earnings improved as production was resumed, but this effect was offset by
shutdowns, due to the steel shortages,
in autos and fabricated metals. The
quarterly profits pattern earlier lastyear had reflected swings in durablegoods manufacturers' earnings: Profits
in the second quarter were unusually
high, as output rose in anticipation of
shortages, and fell back in the third
with the closing of the mills.
For 1959 as a whole, corporate profits
amounted to a record $48 billion before
taxes, rebounding more than $10 billion
from the depressed 1958 level. Last
year's earnings were about $3 billion
above those of 1955, the best previous
year.
After-tax profits in 1959 were $24%
billion and net dividend payments were
at a record $13 billion. The payout
ratio fell back to about the 1957 level,
when somewhat more than one-half the
after-tax earnings for the year were
distributed. In the recession year 1958
the ratio had risen to two-thirds.
In the 1960 first quarter profits rose,
reaching a rate considerably higher than
in the first quarter of 1959, though by
what amount will not be known until
more comprehensive figures are reported by the corporations.
(Tables continued on page 24)
SURVEY OF CURRENT BUSINESS
Mar 10GO
Economic Aid Steady Under Foreign Programs
11
Farm products exports large
Because a significant part of the nonmilitary assistance provided by the
Government is allied with the disposal
of this country's large farm surpluses,
assistance programs continued to fiforeign aid programs of the U.S. Gov- nance well over one-fourth of the 1959
ernment amounted to $5 billion in 1959, agricultural exports, on a value basis.
excluding our subscription of $1,375 As notable examples, these programs
million to the International Monetary provided the means whereby foreign
Fund. In 1958, the corresponding- countries obtained almost three-fourths
aggregate was $5% billion. Overall, of last year's $615 million of wheat exthe gross assistance—excluding foreign ports and nearly half of the $445 million
currency transfers, but including the of cotton exports.
As the second panel of the accomsale of farm products for foreign currenpanying
chart shows, a major part of
cies, and before deductions for grants
the
gross
transfers of nonmilitary goods
returned to the United States and for
and
services
in 1959 was financed under
principal collections in credits —is
equivalent to about one-sixth of the
FOREIGN ASSISTANCE in 1959
1959 gross transactions recorded on
the payments side in the U.S. balance
was lower as military transfers
were reduced
of payments.
Billion $
The precise effect of this foreign
assistance on the balance of payments —
6 particularly of its relationship to the
present excess of payments over receipts—is difficult to isolate, because
of the many interdependent relationships, but calculations can be made of
certain effects. The major part of the
foreign aid transactions do not involve
a movement of dollar funds between the
United States and foreign countries.
They are entered into the balance of
Economic aid was again $3
payments accounts because they reprebillion, but Export-Import Bank
sent transfers of real resources, but are
loans were off
appropriately offset on the opposite side
4 - Tofo/ Economic Aid
of the accounts, so that the net effect
^
• —.
EIB LOANS
on the balance is zero.
This is particularly true of military
2 aid,1 aggregating $2 billion last year,
MUTUAL SECURITY;
provided in the form of supplies
i
\
\
\
and services by our Government.
Excluding these military aid transacNet aid was lower, with
tions, the other assistance in 1959 was
higher loan repayments
equivalent to about one-tenth of the
Total Economic Aid
sum of other items on the payment side
\
of our foreign accounts. This was a
lesser proportion than in 1958, because
of the moderate increase in the total
U.S. payments abroad, and the decrease
in the new aid financing.
Military Assistance Off
issues, comment has
IbeenN EARLIER
made on the international aid
program of the United States—in
terms of its size and changing structure—as it relates to economic developments in the United States and in the
recipient countries. This is one of the
factors in the U.S. international balance
of payments which is touched upon in
the 1960 first quarter review of the
national income and product.
Some of the effects of these foreign
assistance transactions on our domestic
economy appear directly through U.S.
Government expenditures — military
equipment procured by our armed
forces and transferred to foreign countries, e.g.; and payments for other goods
and services transferred to foreign
countries under grant or credit programs, whether purchased in the United
States or abroad.
The major characteristics of 1959 are
summarized on the accompanying chart
which shows that: (a) total foreign aid
was less than in 1958 by reason of some
drop in the military transfers; (b) economic aid remained around $3 billion,
with loans of the Export-Import Bank
less and agricultural and mutual security economic assistance unchanged;
and (c) net economic aid was reduced
through the larger repayment in 1959
than in the preceding year of loans made
earlier by the U.S. Government.
On a geographical basis, about threefifths of the 1959 gross economic aid
went to the Near East, the Far East,
and South Asia; the American Republics received one-sixth of the total;
and Western Europe—the original and
largest recipient in the postwar period
as a whole—did not receive any net
economic aid in 1959. The European
pattern resulted from repayments on
loans earlier made which offset the new
assistance rendered.
Foreign assistance $5 billion
Transfers
of goods,
Transfers of
goods, Services,
services, and
Cash
to foreign countries under the various
1955
1. Military aid is distinct from defense expenditures abroad,
which were discussed in SURVEY, November 1959. In 1959,
thc dollar
outflow from such payments was about $3 billion.
(See balance of payments table, line 19, page 18, March 1960
SURVEY.)
56
57
58
59
60
* The upper line includes the Development Loon
U S Department of Commerce, Office of Business Economics 6 0 - 5 - l O
12
the authorizations to use farm products
by donation for relief and the alleviation of emergencies; to pay the transportation, processing, and packaging
costs necessary to enable more widespread distribution of this relief; and
to finance the sale of farm products for
foreign currencies. The last category
of funds has been disbursed mostly to
enhance and strengthen economic expansion in underdeveloped countries.
In addition to the transfers under the
agricultural disposal programs, exports
of other farm products were financed by
Export-Import Bank dollar loans, and
through mutual security disbursements.
In all, U.S. farm products exports comprised 35 percent of the 1959 gross nonmilitary assistance, not quite so large a
proportion as in the preceding year.
The size of cash assistance
Some of the Government assistance
transfers did not represent the financing of exports of specific U.S.
goods or services. Funds were used
to repay short-term credits extended
by private U.S. concerns and the outflow of Government capital resulted in
a corresponding return flow of private
capital through repayments. Over the
long run, this assistance is provided so
that foreign countries can pay for U.S.
exports purchased in previous periods,
which the borrowers had been unable
to pay for through current earnings, or
to enable the borrowing countries to
resume imports from the United States
against short-term financing in the
future.
Last year—as in 1958—about half
of the mutual security program nonmilitary assistance provided in the form
of dollar financing for commodity imports into the beneficiary countries represented purchases from other foreign
countries.
Similar data relating to the immediate export of U.S. goods and services
are not readily obtainable for that part
of the approximately half billion dollars of mutual security disbursements
used to finance nonrnilitary assistance
other than the commodities. These
are primarily ocean transportation,
technicians and technical services, other
project costs, and for cash transfers,
including those to international organizations. The proportion of funds flow-
SURVEY OF CURRENT BUSINESS
Mav 1000
ing abroad is probably less than that and thus does not constitute a flow of
dollars from the United States.
for the commodity financing.
In summary, of the $5 billion in U.S.
Procurement of goods and services
by the U.S. Government in foreign Government gross transfers of military
countries, in conjunction with the mili- and other assistance last year, about
tary assistance part of the mutual se- two-thirds to four-fifths of a billion
curity program, although decreasing dollars represented a flow of dollars
by over one-fourth from 1958, was from the United States. The greater
nonetheless a quarter of a billion dol- part was spent in the Western European
lars in 1959. Most of the other non- countries and Japan, and some part of
military assistance programs involve this may have gone into the increase of
the procurement of goods or services foreigners' reserves. Most of the dollars which were disbursed in aid-recipfrom the United States.
The purchases abroad listed above ient countries were again spent by them,
exclude those made with foreign cur- with a good part no doubt spent in the
rencies obtained through the sale of United States.
Dollar recoveries from the foreign
farm products with specific agreement
for their use for grants and credits. assistance programs through service on
However, the equivalent of perhaps as the foreign debt to the U.S. Governmuch as $100-150 million in this pro- ment were somewhat greater than the
curement of goods and services repre- dollar outflow indicated above. Last
sents disbursement of foreign currencies year, this service totaled the equivalent
purchased by Government agencies of $1 billion of principal, and $300
from Treasury Department holdings million interest. Over nine-tenths of
the combined total was collected in
Table 12.—Area Distribution of U.S. dollars, mostly from the industrially
Government Aid
advanced countries.
[Millions of dollars]
Changes in Aid—1959
H 59
1958
Total 2 Net
fers
Total
Net
Net
Net
shortgrants credits term
assistance i
Trans-
6
248
1,623
6
248
408
1,015
—557
—49
838
— 430
838
177
— 557
—49
1,436
1,414
899
255
260
648
788
354
433
442
972
477
495
442
456
309
148
255
78
178
260
90
170
Far East and
Pacific
1,667
1,367
1, 333
55
-22
Military
Other aid
885
781
671
696
671
662
55
— 22
600
398
164
226
8
Military
Other aid
71
529
59
339
59
105
226
8
Other recipients
282
338
259
27
51
Military
Other aid
37
245
36
301
36
223
4,834
3,924
3,670
Military supplies
and services
2,362
2, 04(>
2, 046
Other aid
2,472
1,877
Western Europe
and dependent
areas
850
Military
Other aid
720
129
Near East 3 and
South Asia
Military
_ _
Other aid
Near East-...
South Asia-
American Republics-
27
51
1. Net short-term claims acquired by U.S. Government
under agricultural sales programs, less short-term liabilities
for currencies advanced by foreign government pending delivery of agricultural commodities.
2. Excludes $1,375 million investment in international
financial institutions in 1959.
3. Includes Greece and Turkey.
Source: U.S. Department of Commerce, Office of Business Economics.
The net transfer of assistance under
U.S. Government programs aggregated
$4 billion last year, one-fifth less than
in 1958. The major factor in this decline was the extraordinary prepayment—approaching half a billion dollars—of principal on foreign loans,
which served to reduce the large adverse
balance in our international balance of
payments. In addition to the $4 billion net foreign assistance for immediate
country benefit, the Government increased its subscription to the International Monetary Fund to $4,125 million, paying the increment of $1,375
million in gold and non-interest-bearing
notes late in June.
The further assistance raised the total
of all aid for the postwar period since
V-J Day—net of $8 billion already returned or repaid—to over $77 billion.
Decreases in the gross transfers of
nonmilitary assistance last year were
more moderate than were the declines
in military supplies and services. The
former in the main stemmed from decreased medium- and long-term dollar
loan disbursements by the Export-Import Bank and lesser sales of agricultural
May 1960
commodities for foreign currencies. Deliveries and cash payments financed by
mutual security appropriations recovered in the year—representing about
half of the $3 billion new outflow under
economic programs—because of the
emerging disbursements of the Development Loan Fund.
Repayments of credits in 1959 were
not marked by major changes, other
than for the accelerated amortizations
by the United Kingdom and Germany
of $250 million and $150 million, respectively. Receipts from France also
accelerated, since that Government late
in the year prepaid its January 1960
and some 1962-63 installments due to
the Export-Import Bank. By comparison, in 1958 the French Government
had requested and received deferment
of principal installments due because of
its difficult foreign exchange position.
A noteworthy first principal repayment
from U.S.S.R. on the postwar lend-lease
shipments was received last year.
Shift in geographic distribution
SURVEY OF CURRENT BUSINESS
ward and downward, on net balance the
declines predominated. The annual
changes for countries are generally not
indicative of trends, because frequently
they reflect nonrecurring special situations. The lack of definitive trend in
assistance to individual countries is also
indicated in that—in about half of all
instances—-the direction of change reversed from 1956-57 to 1957-58 and
again in the past year.
Repayments not all in dollars
In evaluating the economic effects of
the foreign assistance program it should
be taken into consideration that some
of the current expenditures represented
the acquisition of recoverable assets
abroad.
The $10 billion net postwar assistance
in the form of new credits represents a
13
reduction from a total of $16 billion.
Long-term foreign obligations to the
U.S. Government include, in addition
to these new credits, an outstanding
$2 billion on postwar settlements for
grants. Altogether, $12.6 billion was
outstanding on long-term credits at the
end of 1959, subject to repayment
schedules, some of which extend into
the next century. We have valuable
assets in the form of our $5 billion capital contributions to the international
institutions.
Not all of this indebtedness, however,
is to be repaid to the Government in
dollars. Many of the earlier postwar
credits included provisions enabling the
U.S. Government to accept real estate
(Continued on page 23)
Growth in Business Concerns
THE NUMBER of operating concerns in the United States totaled 4%
million the beginning of 1960—an
increase of about 75,000 firms, or almost
2 percent—from a year earlier. The
420,000 new businesses established during 1959 were somewhat higher than in
1958, while discontinued businesses
numbered about 345,000 in both years.
The growth during the 1959 expansion
of general economic activity in the
number of firms in operation exceeded
the rates of each of the previous two
years.
All major industrial segments of the
business population shared in the increase in number of businesses last year.
Services continued to show the largest
relative rise, while manufacturing and
retail trade experienced relatively small
gains. Retail trade, however, had similarly small increases during 1957 and
1958
while manufacturing declined
slightly in each of these years. The
number of contract construction firms,
which had remained virtually unchanged during the 1957-58 slow-down,
increased during 1959.
General declines continued last year
in net nonmilitary assistance to Western
Europe and to the principal recipients in
the Far East and Pacific areas, while
the flow of transfers to Near East,
Africa, and South Asia again increased.
Net nonmilitary transfers to the American Republics, which had been extra- Table 13.—Number of Firms in
ordinarily large in 1958, receded one- Operation January 1, 1957-60 and
Number of New and Discontinued
third last year. In all of the major
Businesses, 1956-59
areas, net transfers of military assistance
[Thousands]
last year generally reversed the direction
of changes which had characterized the
ConAll tract Manu- Whole- Retail Serv- All
preceding 4 years; the recovery in Westsale
indus- confactries struc- turing trade trade ices other
ern Europe was not so marked as the
tion
contractions in each of the other areas.
Firms in Operation January 1
Excluding the United Kingdom and
Germany—which made the extraordi- 1957. _._ 4,471 465 332 304 1,926 810 634
309 1, 955
466
828
647
329
4, 533
nary principal prepayments last year- 1958--..
1959 ' _ _ _ 4, 583
312 1,777
848
658
464
323
decreases in net nonmilitary transfers 1960 P.... 4, 659 473 326 316 1,997 873 675
Table 14.—Number of Firms in
(grants, long-term credits, and assistNe\v Businesses
Operation, 1956-60
ance through foreign currency sales of
[Thousands
of firms, adjusted for seasonal variation]
1956....
24
64
431
68
31
170
73
farm products) ranged as high as $111 1957
25
56
166
398
57
_.
23
71
22
76
397
24
1958 ' _ _ _ _
56
58
160
million for Brazil, and increases were 1959
66
P. _ . 423
159
End of Quarter
23
85
28
63
as large as $70 million as in the case of
I
II
Discontinued Businesses
III
IV
the United Arab Republic. Transfers
to India were up one-fourth, a ad to 1956
1956
342
54
17
148
4,465
4,485
26
53
43
4,420 '4,445
335
29
17
4, 520
4,535
57
137
53
43
4,500
4,545
1957
Korea off one-fourth. These countries 1957
19
59
1958 .
4, 555
4, 565
4, 595
1958 _
347
138
56
45
4,580
30
1959 r
19
4,655
139
46
4, 615
4,635
4, 670
57
26
60
reversed first and second position as the 1959»____ 347
4, 690
1960
leading recipients of assistance.
r Revised.
Revised.
p Preliminary.
Although among major countries
Source: U.S. Department of Commerce, Office of Business
Source: U.S. Department of Commerce, Office of Business
changes were about half and half up- Economics.
Economics.
r
r
r
r
r
r
SURVEY OF CURRENT BUSINESS
14
BY JOHN A. GORMAN
Financing the Expansion of GNP in
The Current Cyclical Move
1 HE DYNAMIC advance in the that the demand for long-term funds
economy has resulted in a heavy de- has tended to ease, at least temporarily,
mand for financing. Credit growth to though the demand for business loans
meet this demand has been dampened and consumer credit continues very
by the inelasticity of lendable savings strong.
The recent softening of interest rates
as well as by a monetary policy designed
to make for orderly progress and to re- is probably in part the reflection also of
strain inflationary tendencies. With a shift this year in economic anticipathe supply of money restricted, more tions, though this is a factor not subeffective use was made of it; evidence ject to quantitative appraisal. The
of this is provided by the increase in the trend of activity 7 in some parts of the
velocity of circulation, which rose to a economy in the wake of the steel strike
postwar high. Interest rates advanced, has no doubt been less buoyant than
reaching the highest level in three had been expected by some. The dedecades as the current year opened.
mands for output have been less insistent, and the refilling of pipelines which
Credit easier since January
was necessary before they could be
The sharp advance in economic acsatisfied proceeded much more prompttivity around the turn of the year was
ly than had been thought possible.
followed by some leveling out; credit
Partly as a result of these developments,
conditions eased in recent months, owseveral manufacturing lines have exing in part to seasonal influences and in
perienced some narrowing of profit
part to more basic changes. This easmargins.
ing was evidenced most clearly by a
The movement of the stock market
reduction of interest rates from the
has unquestionably been a factor in the
highs of late December and early Janchange of business climate, although
uary. In recent weeks these rates have
here causes and effects can hardly be
shown some firming, but current yields
disentangled. By the end of the first
are still under the year-end highs.
quarter the SEC index of common stock
Treasury bill rates are off from 4.67 to
prices, which had risen during most of
a mid-May figure of 3.79, and the
1959, had about canceled all of last
average rate on bank loans has dipped.
year's advance, and in April the easing
Among longer-term issues, both Treastendency continued. The ratio of stock
ury and corporate bond yields are
prices to earnings has receded from its
fractionally lower.
After the year-end spurt, inventory
accumulation moderated somewhat the
extraordinary pace set following the
steel strike. This slowing of the economic advance was conducive to a level- 1 HE NEEDS forfinancingexpanded
ing out in the many credit demands rapidly with the upswing of economic
that are associated with expansion in activity. This called for large increases
in external financing—debt and eqeconomic activity.
The shift of the Federal budget from uity—and for ploughing back a large
a deficit to a surplus position has also part of the increased earnings. The
contributed to a substantial decline in major institutions and groups engaged in
the demand for loanable funds. The supplying loan funds were not in a
situation is less clear with respect to position to meet calls made on them,
other sources of demand which had ex- without the development of considererted upward pressure on interest rates able financial stringency. The rise of
during 1959. There is some indication interest rates under existing supply
May 1960
1959 peak, but remains much higher
than in other postwar years.
The upswing since the spring of 1958
in real GNP—dollar value adjusted for
the price advance—has matched closely
the rise of the corresponding period of
the preceding cyclical expansion, if
allowance is made for the effects of the
1959 steel strike. The two periods are
compared in the adjacent chart.
Price movements have also been like
those of 1954-55. Prices generally
showed only a limited advance in each
case, as overall production capacity
was generally ample in relation to demand in both periods. Last year, as
in 1955, a downward movement in
prices of farm products offset much of
the rise in other products and contributed to the relative stability of the
overall averages.
Monetary and credit conditions were
more restrictive last year. In the
virtual absence of monetary expansion,
substantial economies were made in
the use of cash balances—as evidenced
by the earlier-mentioned rise in the
income velocity of circulation. By
limiting the funds available in markets
for the national output which rely on
credit financing, last year's monetary
polic}7 was designed to keep the expansion orderly under conditions of
relative price stability. As in the
previous cycle, credit restraint had
differential effects, but the major visible
one appeared in the course of residential
construction activity, the restricted
availability of mortgage credit having
contributed to the decline in building
after midvear.
Financial Requirements and Supplies
demand conditions was particularly
marked in the case of short-term obligations, where demand pressures were
heaviest.
The expansion in requirements, the
positions of lenders, and the factors
affecting interest rates will be reviewed
in turn.
Needs Up With GNP Advance
The cyclical rise in production and
sales involved a substantial increase in
SURVEY OF CURRENT BUSINESS
May 1960
business working capital requirements,
including credit to customers. In addition, it was accompanied by a step-up
in plant and equipment outlays.
These demands for capital were met
in part from internal sources—from
Economic Expansion of 1958-60
Compared With 1954-56 Advance
Similar progress in each case in REAL GNP
Billion (1959) Dollars (ratio scale)
500
- REAL GNP*
450
400
1 1 I I t I
350
and in the movement of PRICES
of goods and services
1959 = 100 (ratio scale)
1 10
GNP PRICES *
100
_
1958-60 _
90
I
80
i
I
1
i
I
i
1
i
I
i
The MONEY SUPPLY was lower this
time in relation to GNP, and did not
advance in 1959
Billion Dollars (ratio s c a l e )
500
-GNP-CURRENT PRICES*
1958-60 -
450
1954-56
400
I
350
150
I I I
MONEY SUPPLY
125
100
J
earnings and from the rising sums set gether they represented the largest
aside out of receipts to provide for de- single element in the rise of demand
preciation. As usual in good times, for financing.
Business outlays for plant and prohowever, attractive opportunities for
ducers'
equipment amounted to a sum
the use of available funds tended to outabout
equal
to that added to gross
strip the growth of current saving, and
working
capital
in 1959, but in this
outside financing was sought for a large
instance
the
step-up
from 1958 was
volume of business needs.
relatively
much
less.
The
recovery of
Consumers, too, called for more loans
fixed
investment
tended
to
lag behind
to finance their heavy purchases of
the
cyclical
advance,
as
it
has
in other
dwellings and durable goods. The
postwar
swings
of
economic
activity.
Federal Government had to cover an
expected budgetary deficit of consider- Most of the capital needed, moreover,
able size for the year as a whole, and was drawn from internal sources. This
State and local governments continued was partly because the expansion in
to borrow large amounts to pay for long-term requirements centered in industries which typically rely to a great
their construction programs.
For some desired uses, of course, not extent on retained earnings and depreall the sums called for could be secured. ciation reserves as v major current sources
The demand pressures operative in the of capital.
In sum, the rise in business needs for
money and capital markets are accordingly reflected only in part in the record external financing was mostly short-term
of amounts actually obtained and used in character. Demand for long-term
by those successful in satisfying their funds from outside sources continued
high, but was down somewhat from 1958.
requirements.
Business fixed and working capital up
More durable goods
Customer credit needs vary with
sales of goods, and so does the amount
of inventory to be carried. The changes
in financial requirements for these purposes are very sharp. Though these
changes tend toward zero when business
is stable, they shift rapidly in adjustments to new levels of activity. A substantial buildup in inventories occurred
in the course of 1959 despite the steel
strike and the indicated credit stringency, and there was a marked rise in
short-term receivables on the books of
business enterprises. These increases
in working capital were financed in
substantial part from borrowings; to-
Expanded needs for consumer financing accompanied the sharply increased
purchases of autos, other durable goods,
and dwellings. These commonly involve downpayments out of the purchasers' prior savings. On the whole,
however, the greater part of the sums
used for these large purchases are
borrowed. Consumer installment paper
and mortgage debt originating in such
transactions have been major outlets
for loanable funds in almost every
postwar 3^ear.
The growth of durable goods sales
last year, moreover, centered in auto-
I
I
BANK RESOURCES were under
pressure from the Federal Reserve
and were used more fully . . .
and so were money balances (currency end
bank deposits) of individuals and businesses,
raising CIRCULATION VELOCITY to
a postwar peak
Billion Dollars
Ratio
2.0
4.00
-
INTEREST RATES advanced more in
recent period—to postwar highs
Percent
RATIO OF GNP TO
MONEY SUPPLY
TREASURY BILL RATE
(unadjusted)
+
1.0
15
1 958-60
1958-60 -
3.50
^ — »»
1954-56
1954-56
3.00
-1.0
2.50
1st 2d
3d 4th 1st 2d
3d 4th 1st 2d 3d 4th
* Quarterly Totals, at Annual Rate
U. S. Department of Commerce, Office of Busirv
^ 1
1
1
1
1
1
!
1
I
I
1
1st 2d 3d 4th 1st 2d 3d 4th 1st 2d 3d 4th
l
1st 2d
i
1
3d 4th 1st 2d
l
i
i
3d 4th 1st 2d 3d 4 f h
Seasonally adjusted Data: FRB, U.S. Treasury, and OBE
60- 5 - J l
16
SURVEY OF CURRENT BUSINESS
mobiles, and these make especially their effect was partly offset in these
heavy demands on the available credit. markets (see next section).
The rise in short-term consumer financLong-term governmental borrowing
ing outpaced the one-seventh expansion last year reflected basically the finanin total sales of these goods.
cial requirements of State and local
Residential construction was growing construction, which expanded in 1959
through most of 1958. Though activity as throughout the postwar period.
leveled off and turned down after mid- Last year's increase was mainly in
1959, it reached a total for the year roadbuilding, and the dollar rise here
almost one-fourth larger than the year was for the most part met by an inbefore. The associated upswing in the crease in grants received from the Fednew long-term financial requirements eral Highway Trust Fund. Apart from
of the Nation's families w^as the sharpest these grant aid receipts, long-term uses
indicated for any group active in the aggregated about the same as in 1958.
capital market last year.
Government needs large last year
The Federal Government, which had
been a major borrower in 1958 as the
business recession led to a substantial
budgetary deficit, again entered the
money market on a large scale last year.
The Treasury's need for loan funds in
1959 arose from three principal causes.
First, though the business situation
and with it the Federal fiscal position
were much improved as compared with
1958, the national income and product
account still showed a deficit for the
calendar year.
Secondly, the fiscal improvement
centered in considerable part in the
yield of the corporation income tax,
which was up as corporate profits rebounded from their 1958 low. Much
of the increase, however, did not show
up in collections until after the end of
the calendar year. Largely for this
reason, accrued corporate tax receivables outstanding at the 1959 yearend
were up $3 billion. Besides covering
a deficit that amounted on an accrual
basis to $2 billion, the Treasury's borrowings had temporarily to cover this
$3 billion difference also, pending receipt of these taxes.
Finally, close to $3 billion was needed
to finance the Government's lending
during the year under its various housing programs.
These three items were the major
elements in the $8 billion "cash-budget"
deficit incurred by the Federal Government last year. All of them were shortterm in character, and the last two of
them involved the temporary supplying
of substantial sums elsewhere in the
money and capital markets, so that
Position of Lenders
Monetary policy was a major factor
in last year's financial situation, as the
shift from the easy money policy which
had been employed in 1958 to combat
the recession was already apparent before the beginning of 1959. The move
toward restraint extended throughout
last year, its effects becoming increasingly noticeable as the business upswing and the attendant rise in financial needs continued.
The position was signaled by the
course of Federal Reserve Bank discount rates. From less than 2 percent
in the spring of 1958, these moved up to
2% percent before yearend, to 3% percent by mid-1959, and to 4 percent last
fall.
Open market operations during 1959
served primarily to offset seasonal
shifts in demand, and to counter in part
the effects of the flow of gold to foreign
holders, most of which occurred in the
spring and summer. The volume of
legal reserves was about the same at the
end of 1959 as at the beginning, despite
a rise in member bank debt to the Federal Reserve Banks. The available
reserves were being used more intensively, however—us was illustrated in
a relatively high and rising total of commercial banks' borrowings from one
another—and total demand deposits
increased fractionally.1 Transactions
demand for means of payment, as reflected in GNP and in bank debits, by
contrast, rose sharply during the year.
During 1958, there had been a buildup of demand deposits. As compared
to the prerecession first half of 1957,
deposits in 1959 averaged 5 percent
May 1960
higher; GNP was up 4 percent in real
terms and 9 percent in value.
New resources low, banks shift portfolios
Monetary expansion thus played only
a minor role among the fund sources
available to the banking system last
year, providing less than $1 billion.
Time deposits, which had risen substantially during 1958, increased about $2
billion further in the course of 1959.
Advances from the Reserve Banks, totaling $K billion as 1959 opened, moved
up to reach $1 billion in the summer
and remained near that figure—one of
the highest of the decade—through the
remainder of the year. Finally, the
banks' retained net earnings totaled
about $K billion, and a like sum was
realized from new stock issues. These
inflows together made possible an expansion of around $5 billion in loans
and investments.
This amount fell far short of meeting
the calls by the banks' customers for
working capital and other loans. In
order to accomodate these customers
and secure the higher rates of yield
obtainable, commercial banks liquidated $8 billion of Government
securities.
Savings flow
limited
to other
institutions
The operations of sales finance companies as middlemen of credit played an
important role last year. The companies borrowed $1 billion from the
banks, and raised close to $1 billion by
issuing intermediate-term market securities. With these sums the}7 helped to
meet the needs of consumers, and that
of distributors and others for additional
working capital.
Other types of financial institutions
draw their capital funds mainly from
personal saving. A dominant factor in
their financial position during 1959 was
the comparatively limited size of the
inflow from this source. Total personal
saving for the year was not greatly
difterent from 1958, and the portion of
it which was channeled through these
institutional lenders remained stable in
the aggregate.
1. The 5 percent reserve requirement on the expanded
volume of time deposits noted below was also met by the
improved efficiency with which reserves were used.
May 1960
SURVEY OF CURRENT BUSINESS
The pattern of funds supplied by the equities. Mutual investment comfinancial intermediaries reflected not panies experienced a substantial rise
only the limitations of their sources in available resources, most of which
but also a general tendency to shift the went into stocks.
makeup of portfolios. This tendency
Business and individual investors use
was in the same direction noted for the
own savings
banks—increasing the fraction of relaWith the prospects for business sales
tively higher-yielding but less liquid
instruments in the total. Cash hold- and family incomes considered good, in
ings were reduced or Treasury obliga- general both business firms and private
tions were sold and holdings of households found their own activities
mortgages, corporate and State and providing attractive outlets for any
excess funds on hand. For businesses,
local securities were built up.
Insurance companies and savings and the rise in working capital needs has
loan associations obtained an increased already been noted; and elsewhere the
fraction of the total going to savings upsurge of residential and auto purchases limited the growth in new loan
institutions.
The insurance companies continued funds supplied by individual savers.
to invest mainly in mortgages and in The inclination to invest in marketcorporate bonds, absorbing a somewhat type debt instruments was correspondlarger proportion of the bonds corning in gly limited.
Rates of return on such instruments,
on the market than they had in most
prior years. They increased their pur- including Treasury obligations, adchases of State and local issues while at vanced under the prevailing circumthe same time switching out of Federal stances, and attracted a heavy volume
securities. The value of the tax-exem- of funds from corporations and indiption feature of the municipals was vidual investors.
The choices of both corporate and
underlined last year by new Federal
legislation which increased the compa- personal investors among financial opportunities not connected with their
nies' income taxes.
Savings and loan associations offered own operations reflected such yield inhigher interest rates and continued to creases, and fell consistently into a
advertise for new share capital. The pattern of shift toward potentially
sums realized, though up from 1958, higher-yielding though generally less
fell short of covering their mortgage liquid types of assets, such as might
loan commitments, however, and the reasonably be preferred in periods of
associations filled the gap b}7 substan- business prosperity.
tial borrowings from the Federal Home
Government supplies netv credit
Loan Banks. The distribution of legal
State and local employee pension
reserves between cash items and Treasand
investment fund accumulations
ury securities was adjusted to increase
supplied
around $2% billion to the
the proportion of higher-yielding assets
long-term
security markets last year.
in the total.
The
Federal
Government too played
Mutual savings banks, with net new
a
key
role
on
the supply side of the
deposits down from 1958, contributed
money
and
capital
markets, as well as
less than usual to the supply of longon
the
demand
side.
First, the credit
term credit. Their new mortgage lendextended
under
the
housing
programs
ing was made possible in part by the
led
to
a
considerable
easing
of
the presliquidation of Treasury securities.
sure
on
the
mortgage
market
in 1958
Unlike most of the lender groups
and
helped
to
limit
the
stringency
that
mentioned above, the major institutiondeveloped
in
1959.
al suppliers of equity capital stepped
Second, the 1958-59 increase in corup their rate of growth last year.
Pension fund reserves increased as em- poration tax accruals was in effect
ployer contributions rose with expand- loaned temporarily to corporate busiing business activity. These funds ness pending collection of these taxes.
placed a somewhat larger fraction of the The liability was reflected in the growth
increment in stocks than the year be- of tax reserves. These were employed
fore, accelerating their recent trend to in part as working capital and in part
17
as liquid reserves. Use of them to
meet working capital needs allowed the
companies to limit their borrowing for
such purposes; and their use to purchase
tax anticipation bills and other market
securities eased the fund supply situation in the security markets involved.
In these wa}^s some of the amounts
borrowed by the Federal Government
last year found their way back into the
financial markets. Putting the Government's lending activities together
with its borrowings, it appears that the
EXT ERNAL FINANCING of
Pi'ivate Investment and
C onsumer Purchases of
Durable Goods
Demand for funds moves up —•
with market expansion . . .
Biiiio n Dollars
150
Investment Plus Durable Goods
100
50
^ — y\"*' _
^**^r
External Financing
Secured
0
and need for more funds from
external sources
Perce nt
100
% of Outside Financing
50
0
!
1
!
!
1
!
'
;
1
[
:
unds required vary with activity
Billio T Dollars
100 BUSINESS
FINANCING
Investment Outlays
50
0
^^^-^rr-',
CONSUMER INSTALLMENT CREDIT
50
~~
Consumer Purchases
^0«*
0
30
1
1
—
1
*
1
^
~~
Gross Borrowing
1
1
!
!
1
1
!
1
!
.
MORTGAGE LOANS
Residential Construction
20
A
10
0
1
1947
1
1
1
1950
1
1
1
1
i
!
1955
i
1
I
19*60
Bosic Data: SEC,FRBaOBE
U. S. Dep artment of Commerce, Office of Business Economics 6 0 - 5 - 1 2
18
net drain of the latter on the total
supply of loanable funds was consiclerably less than the size of the sums
borrowed would suggest.
Foreigners invest in U.S. securities
In 1959, as in 1958, the various
factors which determine the international balance of payments combined
to provide nonresidents with a substantial volume of claims on the United
States. Foreign central banks and
other investors employed these addi-
SURVEY OF CURRENT BUSINESS
May 1960
tional resources differently last year,
however. Instead of accumulating
gold and deposits, nonresidents channeled their new dollar holdings largely
into short-term Treasury securities and
other earning assets.
This shift meant an increase in the
total made available by foreigners to
help finance the domestic economic
expansion, and tended to mitigate the
impact of the adverse balance of payments on the financial markets.
panding activity, were pressing heavily
on their available funds. This was the
case of the commercial banks and other
financial institutions. It was also the
case for many nonfinanclal corporations.
There were circumstances, however,
that made for substantial corporate
purchasing of short-term Governments
once the rates had moved sufficiently
high. Anticipating the outlay of large
sums for inventory rebuilding, fixed
capital investment, and taxes, many
concerns were accumulating ready reserves and arranging lines of credit
during 1959. Highly liquid Treasury
securities affording attractive yields
served as a profitable interim investment for the ready reserves. These
issues could also be used to advantage
in holding credit lines open for later
needs, the yield on the securities covering most of the interest cost of the
loans.
Finally, the large supply of bills was
absorbed in part by other investor
groups not ordinarily using extensive
sums in this way, and the change in
their portfolio patterns, like the purchases by corporate business, came
about only when yields moved high
enough.
Interest Rates and Security Prices
INTEREST rates and bond yields,
which had turned upward in the second
half of 1958, rose to the highest point
reached for many years. Aside from
the basic factors discussed earlier, the
level and pattern of yields were also
influenced by the economic expectations that featured the period. With
the general tendency of business clearly
upward and plain signs that a monetary
policy of restraint was being followed,
both borrowers and lenders recognized
the likelihood of tightening credit and
firming interest rates. The belief w^as
expressed also by some that the economic advance would be accompanied
by a degree of price inflation stemming
from both the demand and cost sides.
It was recognized too, as was pointed
up in the regular analyses in the
SURVEY, that our adverse international
balance of payments was affecting our
financial position.
These expectations are no doubt
part of the explanation of the promptness with which interest rates rose
after economic activity turned up two
years ago. The prospects of good business at higher prices also helped to
explain a general reduction of emphasis,
in investors' portfolios, on instruments
offering maximum security of principal values but relatively limited income
or capital gain potentialities.
Short-term rates up sharply
The demand for loans was most insistent in connection with short and
intermediate uses. The sharp expansion in inventories and in consumer
and other trade paper has already been
noted. The Federal borrowing was
also concentrated in this area. The
supply of short-term funds was relatively restricted, owing in particular to
the tightness in commercial bank reserve positions.
Aside from the needs to serve what
were essentially short-term purposes,
many borrowers resorted to the money
market for the temporary financing of
longer-term requirements. This tendency, reflecting a view that the current
high yields on long-term obligations
would not be maintained indefinitely,
was a reversal of the tendency to fund
floating debt which had been noted the
year before. In the first half of 1958,
particularly, borrowers had taken advantage of the low prevailing yields on
long-term securities to refinance substantial amounts of near-term obligations.
Treasury bill yields higher
The rise in short-term interest rates
was particularly marked in the case of
Treasury bills. Besides the general
supply-demand conditions noted above,
there were a number of special factors
tending to raise the rates on short and
immediate-term Treasury securities.
One of these stemmed from the 4/4
percent statutory rate ceiling on longerterm (over 5 year) Federal securities.
Under prevalent market conditions,
financing continued to rely on shortermaturity issues.
Moreover, several investor groups
which in 1958 had absorbed large quantities of short-term Treasury obligations were in a relatively unfavorable
position to do so last }^ear, since their
own needs and those of their business
connections, under conditions of ex-
Rise in long-term rates
Long-term uses for capital, like the
short-term uses, tended to outpace the
expansion in external supplies last year.
The pressure on interest rates, however,
was relatively less marked in the capital
than in the money markets. There
were several reasons for this. The basic
supply-demand imbalance appears to
have been relatively less. As has been
noted, the recovery in business fixed
investment from the recession low was
limited, and long-term needs of State
and local governments were not much
changed from those of 1958.
Flotation of long-term debt issues
could be avoided b}^ some firms,
moreover, by resort to short-term
financing until capital market conditions should become more favorable.
In addition, the strength of public
interest in the stock market as reflected
in heavy trading and high prices for
common stocks encouraged the use of
equity financing in some cases.
While stock flotations continued on
a restricted scale, the volume of trading
May 1960
in seasoned equity issues was the highest since 1929. Stock prices, as measured by the SEC composite index,
averaged one-fourth higher than during
1958. An irregular advance which
began as 1958 opened carried the index
to a peak last summer.
From the standpoint of investors,
the general economic outlook tended to
emphasize the prospect of capital gains,
and hence to render equities more
attractive w^hile reducing the appeal
of most debt instruments.
Postwar rise in interest
The recent movements in interest
rates are better understood when viewed
in the longer perspective of the upward
trend which marked the decade of the
1950?s.
In this period the demand for capital
funds has been strong, mirroring the
high and rising volume of attractive
opportunities for investment; the supply side, reflecting the more gradual
uptrend of saving, has been strongly
affected also by the gradual working off
of the great liquidity which stemmed
from the monetary and credit policies
pursued during the Depression and
subsequently in World War II.
In the earlier postwar years this liquidity obviated a good deal of borrowing which might otherwise have been
required to finance the high investment
activity, and at the same time it encouraged and facilitated lending.
In the course of the postwar period
liquidity has declined as the economy
has grown, the general price level has
risen, and the accumulation of borrowings has raised the total of private and
public debt.
Another factor in the rise of interest
rates in the 1950s was the termination
of the easy money policy which centered
around the pegging of Federal security
prices. This was superseded by a more
flexible policy after the accord reached
in March 1951 between the Treasury
and the Federal Reserve authorities,
leaving the Reserve free to fight inflation and deflation by regulating the
money supply in ways that might affect
the cost of Federal and other borrowing.
A third set of developments making
for higher interest rates in this country
as wartime dislocations receded into the
past has been the renewal of effective
SUEVEY OF CURRENT BUSINESS
competition in the international financial markets. Such competition has
tended to carry interest rates in the
United States up, towards closer alignment with those prevailing abroad.
The widespread foreign restrictions on
the international movement of capital
and of property income which had
19
grown up during the years of depression,
war and readjustment have gradually
been relaxed. As time passed, too, the
substantial risk differentials between
U.S. and foreign interest rates have
narrowed as some of the political and
economic uncertainties abroad were
cleared up.
Financing by Major Borrower Groups
THE GENERAL condition of the financial markets last year has been outlined above in terms of the major supply
and demand factors and the course of
interest rates.
The broadest of the financial flows
which resulted, in the existing situation
of stability in the money supply and
increasingly intensive use of cash balances, may be summarized as follows.
Nonfmancial corporations obtained
large sums from bank and trade sources,
the expansion in trade credit being particularly marked. Individuals stepped
up their mortgage and other borrowing
from financial institutions. Superimposed on these heav}^ private borrowings
was a volume of bill, certificate, and
note issues by the Federal Treasury
which in total was among the highest
ever recorded for a peacetime year.
With their own sources restricted as
earlier noted, banks and other financial
institutions obtained funds for their
corporate and individual customers by
liquidating Treasury obligations. The
reduction in the holdings of these in
1959 canceled a large part of the buildup of the previous year. Under the
selling pressure, yields on Government
securities moved up, attracting from
individuals, foreign buyers, and corporations the sums necessary to absorb
the sell-off by financial institutions as
well as the new securities issued by the
Treasury.
The following sections deal separately
with the spending and financing arrangements of the Federal Government
and the other principal economic groups.
Corporate Finance
For the requirements of nonfinancial
corporations noted earlier, the companies obtained a total of somewhat
over $54 billion last year. Over half
of this came from internal sources. Undistributed income totaled nearly $10
billion for the year. Depreciation and
other capital consumption allowances
moved up in line with recent trends to
provide $21 billion.
Outside sources supplied an amount
equalled only in the cyclically similar
years 1950 and 1955. Short-term debt
rose around $17 billion, after having
fallen in the recession. Long-term
obligations were up almost $6 billion,
somewhat less than in 1958. The total
obtained from stock issues, over $2
billion, was larger than the year before.
The pattern of sources from which
corporations obtained external funds
last year may be summarized in terms
of investor groups as follows. Trade
credit received from suppliers of materials, etc., accounted for nearly half
the total. Financial institutions provided most of the remainder, but roughly one-sixth was obtained from government—chiefly via the statutory lag between the accrual and collection of
taxes.
There were the usual differences of
source pattern as between short and
long-term instruments. The near-term
total included several billion advanced
by commercial banks, in addition to the
trade credit and tax reserves.
Long-term capital came as usual
mainly from financial institutions. The
volume of corporate bonds acquired by
life insurance companies and private
pension funds was little changed from
1958. Insurance companies and mutual
savings banks stepped up their acquisitions of corporate mortgages. The
volume of stocks issued by nonfinancial
corporations (excluding investment and
sales finance companies) was matched
by purchases made for the portfolios of
investment companies and pension
funds. The dip in corporate long-term
financing last year was reflected in
SURVEY OF CURRENT BUSINESS
20
buying by individuals, who typically
supply a small and variable fraction of
the total.
The pattern of corporate needs and
financing in 1959 was determined in
large part by the industrial incidence
of the business upswing and the financial
arrangements typical of the industries
concerned.
The expansion in capital requirements was most marked in lines which
featured prominently in the economic
rise from 1958—manufacturing, mining
and trade. These industries generally
count on internal sources for much of
their long-term requirements. Their
external financing is mostly to meet
their short-term needs, and makes up
the bulk of all near-term business
borrowing.
Communications and public utility
corporations, not much affected by
swings in general business, required
little additional working capital and
actually reduced their spending on
CORPORATE FINANCING
in Three Business Recoveries
Expansion centered in shortterm needs
Liquid
Assets
20
Customer
Credit
and short-term borrowing
30
20
Short-Term
Borrowing
10
Internal
0
MM*
1949-50
*
Long-term borrowing-.
1954-55
Fund Sources
1958-59
1949-50,- I; 1958-59,- 2
U S Department of Commerce. Office of Business Economics
60-5-13
fixed investment. The capital needs
of these companies are typically met
by borrowing and stock issues, and
accounted for close to half of all longterm private capital issues in the 1950's.
The expanded real estate operations
of corporate developers and others last
year were mirrored in increases in both
near-term construction loans and longterm mortgage borrowing.
Manufacturing and trade needs up
With last year's production rise
centering in commodities, the flow of
goods through manufacturing, mining,
and trade firms rose sharply, and
working capital requirements moved
up accordingly. Both the advance
reported in corporate inventory holdings and the rise in customer credit
extensions were concentrated overwhelmingly in these industries.
Basically, the demand for credit for
inventory expansion mirrored attempts
to restore desired stock-sales ratios in
the face of rising sales. During the
first half there was superimposed on
this a temporary demand that stemmed
from hedging in anticipation of metals
strikes. Metals stocks were drawn
down during the second half, and overall ratios of durable goods inventories
to GNP as 1960 began were still at
relatively low levels. The inventory
position for nondurables was easier.
Financial needs for fixed capital
investment reflected a moderate increase from 1958 in manufacturing and
mining programs, and a spurt in construction of shopping centers and other
distribution facilities.
Most of the increase from 1958 in
internal funds realized by corporate
business occurred in these same industries. Higher sales and lessened unit
labor requirements brought a sharp
advance in the net income of manufacturing and trading firms. With
dividends steady and tax rates unchanged, about half the pretax profits
rise was ploughed back. Capital consumption allowances also rose.
As the supply of internal funds
moved into better alignment with
capital needs last year, these corporations reduced their long-term borrowing. The cutback was in public issues.
Private placements held even, and
May 10GO
mortgage borrowing was stepped up
with the rise in outlays for new commercial facilities.
Corporate manufacturers and distributors made extensive use of trade
credit to help finance the expanded
volume of their purchases from other
firms. These two industry divisions
accounted for virtually all the change
in corporations' trade payables.
Both receivables and payables generally rose as goods passed through the
production process. Companies operating in the earlier stages of production,
e.g., mining and primary metals manufacturing, generally reported larger
increases in receivables than in payables. Firms situated farther along
in the flow of production to the final
user, e.g., retail trade, showed the
opposite pattern last year (allowing
roughly for the float in payables).
This whole structure of trade credit
extension was initially financed in large
part by bank loans, to primary producing firms in particular.
Such reliance on bank credit to
finance an increased volume of production and support a multiple trade
credit expansion has been a feature of
each of our postwar recovery periods.
In 1950 and 1955, the industrial pattern of trade credit extension and hank
borrowing was similar to that noted
last year.
Shift in public utility borroicing
The decline in capital outlays by
the utilities last year, as in 1958,
reflected the approaching completion of
a major phase in these companies'
postwar expansion. With customers'
needs continuing to grow, substantial
increases in fixed investment are programmed for 1960.
The investment cutback led to a
tapering in capital issues, which are a
chief source of funds for the utilities
since these firms pay practically all
their earnings out in dividends to stockholders. The dip in flotations was
also attributable in part to the temporary short-term financing of capital
needs which has been noted above.
While bond and stock issues were off
by SK billion each, bank loans to these
industries were up by a like amount.
May 1960
Personal and Unincorporated
Business Finance
SUEVEY OF CURRENT BUSINESS
other goods and of services. A special
factor last year was the temporary
stoppage of incomes due to the steel
The major stimulus which individuals strike, which had substantial local
provided in the Nation's markets last- effects.
year was their expanded buying of
Consumers' paper, carrying relatively
durable goods—antes, furniture, ap- high yields and being well secured in the
pliances, etc.- and residential housing. aggregate by the trend of disposable
In addition, enterprises run by indi- income, has been a preferred investment
viduals or partnerships participated in for financial institutions handling such
the business inventory upswing, and loans. Credit supplies were accordincreased their store and other fixed ingly ample in 1959, as they have been
investment as well.
throughout the postwar period.
These purchases occasioned a marked
Commercial bank holdings of such
expansion in the indebtedness of indi- paper rose substantially, and the banks
viduals and unincorporated enterprises. also helped finance an increase in sales
The sharpest relative increases were and consumer finance companies' holdreported for consumer and short-term ings. Other sources of consumer credit
business debts, but home mortage expansion last year included credit
borrowing was the biggest absolute unions, department and other retail
factor. It was $13/2 billion above stores, and credit card plans.
repayments for the year, one-third
more than in 1958. The total of farm, Mortgage market changes
multifamily residential, and commercial
Purchases of new and older dwellings
mortgages also expanded substantially. reached an all-time high in value last
year. Reflecting the comparatively
Con sinner credit moves up
liberal terms on loan financing arranged
The rise in outlays for consumer in 1958 and early 1959, gross mortgage
durables was paced by auto sales, up borrowing moved up in line with the
one-fourth from 1958. Other cate- purchases of dwellings.
At $22 billion, new mortgage debts
gories of durable goods were also up,
reflecting the growth of disposable assumed by residential purchasers were
income and consumer expectations of a up one-fifth over the previous peak
further rise which made for ready year of 1955. Because of the cumulative character of such borrowing, larger
borrowing.
Extensions of consumer installment and larger amounts are required ancredit were up $7K billion from 1958. nually for repayments, and these have
This rise was offset in part by repay- represented a rising fraction of disposments but the net increase amounted to able income in recent years.
New mortgage funds obtained prob$0/2 billion. This increase, together
with a $1 billion rise in the total of ably fell considerably short of what
charge accounts and single-payment would have been used in the mortgage
loans outstanding, represented a con- market had credit conditions not tightsumer credit expansion of record pro- ened though more basic factors have
portions, matched only in the cyclically very likely contributed to the recent
similar year 1955. By year end, the easing of housing construction activity.
As the year 1959 progressed, interest
outstanding total of such debt aggrerates and discounts rose; repayment
gated over $52 billion.
Unlike previous upswings in auto- periods were shortened; and funds
mobile credit, last year's net rise of were reported as inadequate, for Govabout $2)2 billion was not associated ernment-backed mortgages in particuwith any substantial reduction in down- lar, in many areas. The stringency
payments or lengthening of maturities. developed as lenders specializing in
The growth in such loans stemmed mortgage credit found the inflow of
from the sales rise, largely independent saving to them leveling off, as described
above, while the banks and other nonof credit terms.
Aside from the financing of durables, specialized lenders were attracted by
consumer credit needs reflected also more remunerative types of fund outthe increase in installment buying of lets.
21
Yields on conventional mortgages
rose, on the average, from about 5%
percent late in 1958 to over 6}£ percent
at the end of last year. Effective
rates on Government-backed mortgages
likewise moved up strongly, data on
FHA-insured loans showing one of the
most rapid increases recorded during
any recent year.
The net increase in home mortgage
funds involved a $4 billion rise in FHAbacked paper. Conventional mortgages, which have played a relatively
larger role in the 1958-59 rise of construction than in the preceding upswing
of 1954-55, supplied the other $9%
billion.
Financial Assets of Individuals
Shifted Differently in
Three Postwar Cycles
Since the return of more flexible
interest rates in the 1950's . . .
Percent
Bond and stock purchases have
moved with the cycle . , .
Billion Dollars
15
/ 95 7-59
10
1953-55
\
1948-50
-5
While demand and savings
deposits moved in the reverse way
20
7957-59
15
10
1953-55
5
0
? 948-50
-5
Mote
interest rates shown are averages of daily
figures for June for taxable US Treasury Bonds
Data
U. S. Department of Commerce, Office of Business Economics
SEC
60-5-14
SUKVEY OF CURRENT BUSINESS
22
To a large extent the shift to conventional financing reflected the preference
of savings and loan associations for this
type of mortgage, the associations having become more important in the
mortgage lending field in recent years.
An easing in downpayment requirements on conventional loans around the
beginning of 1959 increased the attractiveness of such financing to home buyers. Finally, substantial and increasing
discounts on federally underwritten
paper made the latter less satisfactory
to builders and homebuyers.
The institutional pattern of last
year's increase in mortgage debt on 1 to
4-family dwellings is seen in the accompanying text table. The sources from
which the various lender groups derived
funds, and the portfolio adjustments
made in connection with this lending,
have been discussed earlier.
Noncorporate business expands
Persons operating noncorporate enterprises increased their financial commitments sharply last year. Fixed
investment and inventory expansion in
trade and agriculture and increased
activity in real estate generated the
principal additional demands for loans.
In trade, proprietors and partners
added to inventories; purchases of
stores and fixtures increased moderately
Major Sources of 1959 Expansion in 1-4
Family Residential Mortgage Credit
[Billions of dollars]
Increase
during
1959
Outstanding
December 31,
1959
13 3
131 0
Savings and loan associations
Commercial banks
Mutual savings banks
6.8
16
1.2
49.7
19.2
16.8
Life insurance companies _
Federal National Mortage Association
_
Individuals and others
1.2
23.5
1.4
1.2
16.7
Total, all lenders
4.9
as well. Funds were obtained in substantial volume from banks and business suppliers and from the proprietors'
savings, which expanded with higher
business profits. The sharpness of the
expansion in funds sought is suggested
by the rise of over one-eighth in shortterm obligations to banks and other
financial institutions.
Farmers needed $1 billion more to
build up inventories, which increased
in 1959 as during most of the past
decade. Holdings of cattle and feed
corn in particular expanded. The substantial purchasing of land, buildings
and machineiy, a feature of recent jrars
Table 1.—Public and Private Debt, End of Calendar Year, 1955-59 1
[Billions of dollars]
Gross debt
Net debt
1955
1956
1957
1958
1959
1955
1956
|
1957
1958
1959
Total public and private debt
672.3
707. 5
739.4
779. 7
846.4
786. 4
831.1
8G9. 1
913. 1
986.0
Total public debt "
Federal Government and agency. _.
State and local governments 3
9(jq §
07 j 1
231.5
38.4
9t\H 1
225.4
42.7
283. 6
232. 7
50. 9
298. 8
243. 2
55. 6
345. 0
301.8
43.2
348. 5
300. 5
48. 0
354. 2
301.7
52. 5
3*7.8
310. 6
57.2
384. 4
322. 0
62. 4
Total private debt
Long-term 4
Short-term 4
Notes and accounts payable
Other-
402. 5
912 1
90. 0
122 9
62. 8
59.4
439. 4
9
31 7
100. 1
131.7
70. 3
61.4
468. 2
9
46 7
112.2
131. 6
72.6
62. 0
496.
955
121.
134.
6L3
547. 5
281 7
129. 9
151.7
84. 4
67.3
441.3
251 0
108. 1
142.9
75.4
67. 5
482. 6
274 9
120.3
154. 6
84. 4
70.2
514. 9
293 4
134. 9
158. 5
87. 1
71.5
545. 3
305 0
146. 6
158. 4
87. 3
71.1
601.7
335 8
156. 7
179.1
101. 3
77. 8
Individuals and unincorporated
enterprises
Farm ^
Nonfarm
1-4 family mortgages
Other mortgages
C onsumer
C ommercial
Financial c
190. 4
18 8
171. 6
83 8
24.9
38.9
12.4
11.6
207. 7
19.5
188.1
94 1
221.5
20. 3
201.2
102 2
29.4
45. 3
13.2
11.1
240. 4
23.3
217. 1
111 8
32.8
45. 6
14.1
12.8
265. 8
23.7
242.1
124 4
36. 4
52. 0
15. 8
13. 4
190. 4
18.8
171. 6
83 8
24. 9
38. 9
12.4
11.6
207. 7
19.5
188. 1
94 1
221.5
20.3
201.2
102 2
29. 4
45.3
13.2
11.1
240. 4
23.3
217. 1
111.8
32.8
45. 6
14.1
12.8
265. 8
23.7
242 1
124^ 4
36.4
52.0
15.8
13.4
42! 5
13. 3
11.1
224. 4
46. 7
1
7
6
1
42. 5
13. 3
11. 1
1. Series shown in tables 1 to 3 in annual debt reports appearing in previous issues of the SURVEY are summarized above for
the recent period. The full set of tables on public and private debt for 1953-59, is available on request. The definitions used
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.
2. Includes categories of debt not subject to the statutory debt limit. Net Federal 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 agencies. It thus equals Federal Government and agency debt held by the public. Details of
Federal obligations may be found in the Treasury Bulletin.
3. Data for State and local governments are for June 30 of each year.
4. Long-term debt is denned 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.
5. Comprises debt of farmers and farm cooperatives to institutional lenders and Federal Government lending agencies, and
farm mortgage debt owed
to individuals and others.
6. Comprises debt owyed to banks for purchasing or carrying securities, customers' debt to brokers, and debt owed to life
Insurance companies by policyholders.
SOURCE: U.S. Department of Agriculture, Agricultural Research Service; U.S. Department of the Treasury; Board o^
Governors of the Federal Reserve System; U.S. Department of Commerce, Bureau of the Census, and Office'of Business
Economics.
May 1960
which involves considerable mortgage
borrowing, also required taking on more
debt. Overall, farm financing called
for an increase of about $1 billion in
short-term production credit—mostly
bank loans 2—and of another $1 billion
in mortgage debt to banks, insurance
companies and others.
Real estate borrowing reflected the
accelerated pace of apartment house
construction along with the continuing
development of shopping centers.
Financial Position of
Government
Though its fiscal position improved
during the year, the Federal Government raised a total near $9 billion in
external funds. State and local governments borrowed another $4 billion,
on a net basis, continuing at a fairly
stead}7 rate their yearly additions to
their outstanding debt.
The stability of Federal borrowing—
despite the business improvement which
sharply reduced the deficit—reflected
mainly the increases in Government
lending operations plus the fact that
the full benefit of the 1958-59 rise in
corporate income tax accruals was not
reaped during the year.
Federal agencies contributed close to
one-fifth of the sum used by private
lenders to finance the record expansion
in residential mortgage debt. In particular, Government purchases of mortgages under the special assistance and
secondary market programs of FXMA
totaled $1/2 billion; and a rise of almost
$1 billion in Federal Home Loan Bank
advances supported the increase in
lending activity of savings and loan
associations.
The buildup in business reserves for
taxes accrued but not yet due approached $3 billion last year, and these
deferred liabilities, like trade credit,
represented fund sources which helped
meet the temporary needs of the
companies.
Certain other factors reflected in
Federal borrowing were technical in
nature. About $1% billion subscribed
to the International Monetary Fund
was paid in the form of special notes;
though included in the statistics on
2. CCC loans, included in Table 1. arc excluded here
in accordance with their treatment in the national income
and product accounts.
SURVEY OF CURRENT BUSINESS
May 1960
Federal debt, and providing capital to
the Fund, these have no immediate
effect on the money market and are not
reflected in the U.S. cash budget. In
addition, the Government's bank deposit holdings were temporarily up $%
billion as the year ended.
Federal borrowing
Apart from the special notes to the
IMF, the Government obtained $6K
billion of external funds by issuing
Treasury securities, and $2% billion from
agency issues.
During 1959, the structure of the
Treasury debt shifted to increase the
total of short and intermediate-term
marketable instruments. Besides the
run-up as some of the longer-term issues
outstanding moved within 5 years of
maturity, this advance reflected new
issues floated during the year. The
terms of these took into account the
positions of fund suppliers as well as
the barriers to longer-term financing
which were imposed by existing legislation and market conditions. In general, the Treasury has relied primarily
on short- and medium-term issues
throughout the postwar period.
Short-term securities, principally bills,
were issued in volume last year to tap
the liquid funds of corporations and of
Treasury Financing in 1959
increased the proportion of
medium-term issues
Billion $
200
•
NEW ISSUES
RETIREMENTS
* Maturity in excess of 5 years
Data: U.S T r e a s u r y
U. S. Department of Commerce, Office of Business Economics
60-5-15
23
State and local construction requireforeign banks and official institutions.
In 1958, these groups had built up their ments, substantially unchanged last
bank deposits; and the foreign countries year, provided the major occasion for
had also increased their gold holdings borrowing by these governments.
Some decline was recorded in drafts
substantially. Attracted b}^ the high
yields offered on Treasury bills and on outside sources. This seems to have
certificates in 1959, both corporations been made possible by advance financand foreigners acquired substantial ing that had been undertaken in the
relatively favorably capital market
amounts of this type of security.
The issue of medium-term obligations conditions of 1958—a sequence that
was stepped up to attract individual was in line with previous experience.
investors. Particularly noteworthy was In each of our postwar cycles, the volthe $2% billion issue of 5 percent notes ume of municipal bond flotations moved
offered last October; individuals partic- up sharply during the period of low
ipated in the initial allocation of this interest rates characteristic of the
to a wider extent than any other new recession period, and liquid asset holdoffering since the end of the Second ings spurted. With the recovery in
World War. These notes have gone to economic activity and rise in interest
rates, gross borrowing leveled off or
a premium since their issuance.
The flotation of new long-term Fed- declined, and States and municipalities
eral securities last year was minor, but drew down their liquid assets as project
banks and other financial institutions and operating needs required.
The loan funds raised during 1959
reduced their holdings by selling about
were obtained with the help of stcpped$2 billion net. Offered for sale at up purchases of these government
discounts ranging as high as 20 percent obligations by individuals and life
below par, the yields on these bonds insurance companies. Other insurance
made them attractive to individuals, companies also increased their rate of
State and local governments, and other acquisitions, while commercial banks
investors hero and abroad.
reduced their buying substantially.
Economic Aid
(Continued from page 13)
and improvements, as well as foreign
currencies for educational exchange
programs. As the programs for sale of
farm products developed, the equivalent of nearly $1 billion in foreign currencies has been disbursed since 1955
for credits.
Most of these credits and many which
represented dollar disbursements have
been extended with options to repay in
foreign currencies. Where the foreign
currency was obtained under a sales
agreement signed prior to mid-1958,
the credit generally requires maintenance of dollar value, with an interest
rate increase for any installment made
in foreign currencies.
This protects the U.S. Government
against exchange losses until the repayment is received, but if repayment is in
the foreign currency and the Government has no immediate use for the currency, the funds accumulating abroad
would be subject to subsequent depreciation. In order to avoid the interest
differential, some countries with comparatively stable currencies made their
repayments in dollars last year.
Since early last .year, maintenance of
value is generally no longer required on
loans disbursed in foreign currency.
Thus, the outstanding indebtedness
may be affected by any depreciation
from the stated amount.
As of the end of 1959, however, only
about $2 billion of the outstanding indebtedness was subject to any form of
local currency repayment.
Short-term assets
The net short-term assistance, heimr
the claims acquired less the value realized, does not necessarily reflect the
actual value of the resulting asset.
which by December 1959 had realized
losses over 5 percent. Such losses—
in effect a "grant" to the foreign country of real commodity resources (U.S.
farm products)—remain in these data
as permanent "short-term" assistance.
Since about half of the $2 billion asset
is to be used for additional loans, and
another significant part is to be used
for grants and other transfer payments
by the U.S. Government, only a limited
part of this asset will be available for
use by the U.S. Government.
At the end of 1959, the total assets
of the Government in the form of, or
payable in, foreign currencies, can be
estimated at a maximum of $4 billion.
This is less than one-fifth of the Government's $20 billion of foreign assets.
SURVEY OF CURRENT BUSINESS
24
May i960
(Continued from page 10)
Table 7.—'Relation of Gross National Product, National Income, and
Personal Income
1957
Gross national product
442,5
Less: Capital consumption allowances
Indirect business tax and
nontax liability
Business transfer payments
._
Statistical discrepancy.
Plus: Subsidies less current
surplus of government
"'*.•
enterprises
**£%> .
I
II
Ill
IV
470.4
484.8
478. 6
483. 5
1957
1958
1959
1959
I
500.2
Goods and services, total
Durable goods, total
I
II
III
IV
I
293. 0
311.6
303, 9
311.2
313.3
317. 0
321. 1
40. 3
37.6
43.0
41.3
44.1
43.6
42.8
43.7
17.2
18.8
18.2
17.2
18.2
18. 8
18.9
18.8
18.7
37.9
40.2
39.3
39.9
40.5
41. 2
41.9
Automobiles and parts
17.0
14.0
17.8
38.1
39.0
42.0
40.7
41.7
42.3
43. 1
43.9
17.4
17. 4
18. 6
1. 7
.5
1.7
1.7
2.3
1.7
2
1.7
-1.7
1. 7
-3.6
1. 7
-4.4
1. 7
na
Furniture and household
equipment
_ _
Other
190:1
284. 8
36.9
5.8
6.2
6.6
6.4
6.4
6.5
6.8
6. 8
137. 7
141. 9
147.9
145. 3
147.7
148. 0
150. 1
151.1
74.3
76. 6
78.8
77.8
25 4
26 1
79.0
97 g
1. 1
1.0
.6
.6
366.2
398. 5
389. 4
403.9
398. 2
402. 6
na
Gasoline and oil
10.4
10.5
11.2
11.0
11.1
11.3
11.4
11.5
41 7
36 7
47 2
45. 5
51.0
46.0
46.2
na
Otlvr
97 fi
9g 7
30 2
29.8
29.8
30. 1
30. 9
31.2
14. 6
15.1
17.9
17.5
17.9
18.1
18.2
20 8
Service^ total
.0
.0
.0
.0
.0
.0
.0
.0
over disbursement*
Plus: Government
transfer
payments to persons
Net interest- paid by govern <nenl
r;vid-M>
B'ibine^ troiisfar payment- .
1960
366.5
Le^s: Corporate profits and inventory valuation adjiisrmenl
Contributions for social
in^urancp
Equals: Personal income
479. 5
[Billions of dollars, seasonally adjusted, at annual rates]
Nondurable goods, totaL^ __
ClU-Cl^l^.
Equals: National income
441.7
19 59
1959
1958
Table 9.—Personal Consumption Expenditures by Major Type
20.0
H. 2
1 2. 5
.8
25. 1
24. 4
6. 2
12! 4
24.7
6. 6
13. 0
6.3
12. 8
6. 8
13^2
26. 0
24.8
24.8
7.4
13. 6
7.0
13.4
1.7
1.7
1. 7
1.7
1.7
17
1. 7
350. 6
350. 0
380. 2
371.8
381. 1
381.0
386. 8
7.9
13. 6
393.1
Clothin°- and shoes
9
67
78.8
79.5
80.1
9
28. 3
28.3
78
106. 7
113.4
120.7
117.4
119.4
121. 6
124. 1
126. 3
Housing
35 2
38.0
40.7
39. 6
40. 3
41.0
41.8
42.5
Household operation .
15.8
16.9
17.8
17.3
17.6
17.8
18.1
18.4
8.9
9.1
9.4
9.3
9.3
9.5
9. 6
9.7
46. 8
49.4
52.8
51. 1
52.1
53. 4
54.6
Transportation
Other
NOTK.— For back data <?ec Ta )le II-G in the Julv 1959 SURVEY, and for yeai s prior to 1956,
in U.S. Income and Out-put.
[Billions of dollars, seasonally adjusted, at annual rates]
Ve-
1957
Table 8.—Government Receipts and Expenditures
[Billions of dollars, seasonally adjusted, at annual rates]
1957
1958
19 59
1960
1959
I
II
III
IV
Receipts from abroad
Exports of goods and services
I
Payments to abroad
Federal Government receipts
81.9
78.4
88.8
86.5
91.3
88. 7
88.8
na
Personal tax and nontax receipts. . 37.4
Corporate profits tax accruals
20. 1
Indirect business tax and nontax
]9 9
accruals
Contributions for social insurance 12.2
36. 7
17.3
39.2
22. 2
38.2
21.6
39.5
24.4
39.5
21.5
39.7
21.2
41.0
na
11 9
12.5
]*> 6
14.9
12 2
14.6
12.4
14.9
12.7
15.0
12.9
15.0
13. 1
17.5
79.5
87.4
90.9
90.5
90.9
91.0
91.6
91.0
Purchases of goods and services
49.4
52. 2
53.5
53. 8
53.9
53. 6
52.7
52.3
Transfer pavments
To persons _.
Foreign (net)
17 4
15.9
1 5
91 o
19.9
1. 3
21.9
20. 3
1. 5
21.4
19.9
1. 5
21. 5
20. 1
1. 4
21.6
20. 1
1. 5
22. 9
2L2
1. 7
22.3
20. 8
1. 5
6.5
6.6
6.2
Federal Government expenditures
4. 1
5. 4
6.5
6. 6
6.4
Net interest paid
5 6
5. 5
6. 1
5.6
5.9
6.2
6.7
7. 1
Subsidies less current surplus of
government enterprises ..
3.0
3. 1
3.0
3. 1
3.0
2.9
2.9
3.1
? 4 — 9.1 — 2 1 -3.9
.4 -2.4 -2.8
na
41.9
46.4
45.2
46.4
46.8
47.2
na
Personal tax and nontax receipts. _ 5.4
1.0
Corporate profits tax accruals
Indirect business tax and nontax
accruals
^5 9
Contributions for social insurance
2.3
4. 1
Federal grants-in-aid
5.8
.9
6.3
1. 1
6.2
1. 1
6.3
1.2
6.4
1.1
6.4
1. 1
6.7
9
29 4
3.0
6.5
28 5
2.9
6.5
29 3
3.0
6.6
9Q 7
30 2
3.2
6.4
30 7
3.3
6.2
State and local government expenditures
39.6
27
5.4
43.5
Purchases of goods and services.-.. 36.8 40.5
4.5
4. 1
Transfer payments to persons
.6
.6
Net interest paid
Less: Current surplus of govern1.9
2.1
ment enterprises
Surplus of deficit (— ) on income and
-1.0 -1.6
product account
. ..
3.1
6.6
na
<>
46. 8
46.9
47.8
47.9
49.8
44. 1
.7
43.6
4.8
.7
43.8
4.7
7
44.8
4.7
7
44.7
4.8
.8
46.5
4.9
.8
2.3
2 2
2.3
2.3
2.3
2.4
-.7
na
47
4.8
—"
9
-1.6
-.5 -1.0
na—Not available.
NOTE.—For back data see Table III-3 in the July 1959 SURVEY, and for years prior to
1956, in U.S. Income and Output.
I
il
59
1960
j
III | IV
j
I
26.2
22.6
22.8
21.5
22. 1
24.1
23.4
24.8
26 2
22 6
22 8
21 5
99 1
24. 1
23. 4
24.8
26.2
22.6
22.8
21.5
22. 1
24.1 23.4
24.8
21 3
21 3
23 6
99 4
23.9
24. 1 | 24. 1
23. 6
15
3.5
1 5 1 5 1.4
1.5
1.7
1.3
I o 6Q
-.1 -2.4 -2.4 —3. 2 — 11. ori \—±.
\
1 5
-.3
Table 11.—Sources and Uses of Gross Saving
[Billions of dollars, seasonp.lly adjusted, at annual rates]
1958
1959
1959
Personal saving
Undistributed corporate
profits
Corporate inventory valuation adjustment
Capital consumption allowance
Excess of wage accruals over
disbursements
Government surplus on income
and product transactions
Federal
State and local
Gross investment
Gross private domestic investment
Net foreign investment
1960
III
II
I
Gross private saving
State and local government receipts. . 38.7
1959
NOTE.—For back data see Table IV-2 in the July 1959 SURVEY, and for years prior to
1956, in U.S. Income and Output.
1957
Grants-in-aid to State and local
governments
Surplus or deficit (— ) on income and
product account
ImDorts of foods and services
Net transfer payments by Government
Xet foreign investment
1958
IV
I
68.2
67.5
74.0
72.9
76.4
72.5
75.3
na
23.1
23.5
23. 1
23.5
24.1
21.9
23.7
24.4
9.7
-1.5
6.5
11 3
-.6
11. 1
-.9
14.0
-1.6
10.4
9.9
.5
na
na
36.9
37 9
40 2
39 3
39 9
40 5
41 2
41 9
.0
.0
.0
.0
.0
.0
.0
.0
1.4 -10.7
0
-3.0
-5.5
I
-3.4
-3.5
na
2.4
-1.0
-9 1
— 1.6
-2.1
-.9
—3 9
-1.6
.4
-.5
-2.4
-1.0
-2.8
-.7
na
na
70.1
54.8
68.7
67.6
74.5
65.5
67.4
78.8
66.6
3.5
5
54.9
-.1
71.1
-2.4
70.0
-2.4
77.7
-3.2
67.0
-1.5
69.7
-2.3
79.2
-.3
21
2 3
2
17
36
4 4
na
na—Not available.
Note.—For back data see Table V-2 in the July 1959 SURVEY, and for years prior to 1956,
in U.S. Income and Output.
BUSINESS STATISTICS
WlontLL
JL HE STATISTICS here are a continuation of the data published in the 1959 edition of BUSINESS STATISTICS, biennial Statistical Supplement
to the SURVEY OF CURRENT BUSINESS. That volume (price $2.25) contains monthly (or quarterly) data for the years 1955 through 1958 and
monthly averages for all years back to 1929 insofar as available; it also provides a description of each series and references to sources of monthly
figures prior to 1955. Series added or significantly revised since publication of the 1959 BUSINESS STATISTICS are indicated by an asterisk (*) and a
dagger (f), respectively; certain revisions for 1958 issued too late for inclusion in the aforementioned volume appear in the monthly SURVEY
beginning with the July 1959 issue. Except as otherwise stated, the terms "unadjusted" and "adjusted" refer to adjustment for seasonal
variation.
Statistics originating in Government agencies are not copyrighted and may be reprinted freety. Data from private sources are provided
through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1959
March
April
May
June
July
1960
DecemAugust SeptemOctober November
ber
ber
January
j
March | April
February
GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual rates:
National income, total
- _ bil. of dol
Compensation of employees,
Wages and salaries, total
Private
--- . Militarv
Government civilian
Supplements to wages and
total
.
_. do _
_
do...
-<io-_
do
.
_ _ ___ _do
salaries
do
Proprietors' income, totaled
- Business and professional cf - - Farm
Rental income of persons
_
- ._
Corporate profits and inventory valuation
ment total
bil
Corporate profits before tax, total
Corporate profits tax liability
Corporate profits after tax
Inventory valuation adjustment
Net interest
Gross national product, total
Personal consumption expenditures, total
Durable poods
Nondurable goods
Services
_
_ _
_ _
_
--do
do.. .
do
-do. ._
adjustof dol
do
do
.do
do
389 4
403.9
398 2
402 6
269. 9
250. 9
200.2
9 8
34.8
19 0
278.9
259. 4
214.0
9 8
35.6
19 6
279
259
213
9
36
19
3
5
5
8
3
8
281 6
261. 5
214.8
9 8
36. 9
20 0
290
268
221
9
37
46 9
33.7
13 2
12.0
46.6
34.5
12.1
12.0
45 1
34 8
10 3
12.0
46 7
35. 1
11 6
12.0
46
35
10
12
45 5
46.5
22 6
23.8
— 9
51 0
52.6
25.6
27.0
— 1.6
46
46
22
23
—
46 9
45 7
22 2
9
34
5
0
4
6
8
3
1
6
2
9
6
9} 4
3
4
8
2
do
15 1
15 4
15 8
16 1
16 4
do
470.4
484.8
478 6
483 5
500 9
do
do
do
do
303.9
41 3
145.3
117.4
311.2
44 1
147.7
] 19. 4
313 3
43 6
14* 0
121.6
317 0
42 8
150. 1
124. 1
32]
43
151
126
70.0
39.7
23.9
6. 3
77. 7
41.0
26.0
10.7
67.0
41 0
27.0
—1 0
69. 7
39.2
27.5
3 0
40 4
28 1
i() (\
-.9
-1.8
22 1
23,9
0
21 5
22 4
?4 1
24 1
—. 6
23 4
24. 1
1; 2
94 g
'•'3 ('<
97 4
53 8
45 8
43.6
97 7
53 9
46 2
43.8
5? 6
45 9
44 8
97 4
'">2 7
45 3
44. 7
% 8
^o 3
44 8
3QM 1
Gross private domestic investment, total.- do. _
New construction
. do
Producers' durable equipment
do
Change in business inventories
do
Net exports of coods and services
- do
E \-ports
do
Imports
.- ... . - - - _ d o _ - Government purchases of goods and services, total
bil of dol
Federal (less Government ''ales)
do
National defense $
do
State and local
do
98 4
1
7
1
3
m9
4(i r
personal income vtotal
j (>m^- Porson'il ta and nontax pavrncrts
Equals* Disposable personal income
do
do
do
371 8
44 4
327.4
381 1
45 8
335. 3
381 0
45 9
335 "i
386 8
46 1
340 8
4'"4
Personal savins §
do
23 5
24 1
21 9
23 7
04 4
47 7
GNP in constant (1954) dollars
420 7
432 1
42-t 3
4°6 8
4% 3
do
do.. do
do
282.3
38.8
137.3
106. 2
288. 3
41. 2
139.7
107 4
288,8
40 6
139 4
108 8
291.]
40.2
140 7
110 2
293.
41
]41
111
Gross private domestic investment, total - do.. Now construction
do
Producers' durable equipment
- ... do _ .
Change in business inventories
- . ...do
59.8
34.3
19.8
66. 0
35 1
21.3
9.5
56.4
34 9
22 1
-.6
.=.8. 8
33 3
22. 7
2.8
—2 7
—3 5
—1 9
—2 2
81.3
44 9
36.4
81.4
45 0
36.4
81.0
44 1
36. 9
79. 1
4? 7
36.3
Gross national product, total
bil of dol
Personal consumption expenditures, total
Durable coods
_ _
_
Nondurable goods _
Services
Net exports of o'oods and services
do
Government purchases of goods and services, total
bil. of dol. .
Federal
do
State and local
do
r
Revised.
cTIncludes inventory valuation adjustment.
9 Government sales are not deducted.
§Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.
548341°—60-
f*
I
3
I
(i6 3
H4 (i
'>••{ i
j
42 4 :
37.7 '
SURVEY OF CURRENT BUSINESS
3-2
May 1960
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
March
April
May
June
July
1960
DecemAugust SeptemOctober November
ber
ber
Janu-
Febru-
ary
ary
March
April
GENERAL BUSINESS INDICATORS—Continued
PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates:
Total personal income
bil of dol
Wage and salary disbursements, total
do
Commodity-producing industries, total
do
Manufacturing only
do
Distributive industries - - _ _ _ _ _ _ d o _ _ _
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
Total nonagricultural income -
do __
375 4
379 0
381 3
383 8
383 4
380 0
380 9
382 6
387 0
392 1
392 8
393 0
r
394 0
397 4
254. 0
106. 3
83.8
66. 6
36.4
44.8
9 8
257. 3
108.6
85.4
66. 9
36.8
45.0
9.9
259. 8
109.8
86.7
67. 5
37.1
45. 4
9 9
261.7
110.9
87 7
68.0
37.2
45. 6
10.0
261. 5
109.9
86. 9
68.4
37. 3
45.9
10. 1
258. 8
106.8
84.0
68. 3
37. 6
46. 0
10.1
259.2
259.2
106. 4
83.6
68.5
38.0
46.4
10.2
261 . 1
107.5
84 2
68. 6
38.3
46. 7
10 3
265. 4
111.1
87. 6
68.8
38.6
46.9
10. 3
268. 1
113.0
89.3
69. 5
38.7
46.9
10 4
268. 8
112.7
89.0
69.7
39.0
47.4
10 4
r
r
269. 4
112.2
88 7
r
70.1
r
39. 1
48.1
10 4
271 3
113.0
88.4
70.6
39 4
48.3
10 5
34.0
12.9
34.3
12.2
34 5
12.0
34.7
12.1
34.9
11.4
34,9
10. 0
34. 8
9.6
35.0
10.5
35 1
11.6
35 2
12.6
35 4
11.6
35 4
10. 7
35 4
10.3
35 6
10 9
12.0
12 8
1 6
26 6
8.2
12.0
12.9
21 8
26. 9
8.3
12.0
13 0
29 0
26 4
8.3
99 9
12.0
13. 1
29 7
12.0
13.4
26. 4
8.4
12.0
13.2
22 4
26.3
8.4
26. 5
8.4
12.0
13.5
23 0
27 0
8.4
12.0
13.6
23 3
27.2
8.4
12.0
13 7
23 5
28 0
8.4
12.0
13 5
?3 8
27.7
8.5
12. 1
13 6
94 i
27 2
9.7
12.2
13 6
24 3
27 3
9.7
19 2
13 6
24 6
r
97 9
'9.8
12 2
13 6
94 9
28 9
9.8
358.5
362. 7
365. 3
367. 8
368. 2
366. 3
367. 5
368. 1
371.5
375. 4
377 1
378.2
r
379 5
389 3
1
7, 947
9
106. 8
84.4
68.3
37.8
46.2
10.2
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals:
\H industries
mil of dol
6 905
8,323
8 321
8,994
2
9 464
Manufacturing
Durable goods industries
Nondurable °t)ods industries
do
do
do
2, 456
1, 144
1 312
3. 021
1 . 450
1.571
3 019
1, 437
1 582
3, 571
1,742
1.829
3, 046
1,494
1, 552
3 727
1. 836
1 891
Mining
Railroads
Transportation other than rail
Public utilities
Commercial and other
do
do
do
do
do
213
159
408
1,199
243
262
527
1.474
2.470
2,796
256
982
540
1, 480
2 744
275
220
547
1,514
2, 867
214
245
546
1, 191
2, 705
260
300
618
1, 525
3, 034
30 62
32. 51
33 35
33 58
1 35 32
do
do
do
11 20
5.26
5.94
11.80
5.74
6.06
12 25
5 83
6 42
12 87
6. 16
6.71
13 89
6.88
7.01
14 57
7 23
7.34
do
do
do
do
do
.95
.63
1.71
5 80
10 33
.94
1.00
2.08
5.82
10.87
1
1
2
5
11
1 04
.85
2 15
5 48
11 19
. 96
.99
2.26
5 80
11.42
1 01
1.13
2 43
6 02
11 75
__
Seasonally adjusted quarterly totals at annual rates:
Ml industries
bil of dol
Alanufacturing
Durable goods industries
Nondurable goods industries
_ -
AFining
Railroads
Transportation other than rail
Public utilities
Commercial and other
01
28
17
58
06
2
36 91
FARM INCOME AND MARKETINGS
Cash receipts from farming, including Government
payments, total
mil of dol
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:
\llcommodities
1947-49=100
Crops
do
Livestock and products
do
Indexes of volume of farm marketings, unadjusted:
\ 'I commodities
1947-49=100
Crops
do
Livestock and products
_
do
2,133
2,200
2,205
2,336
2,676
2, 605
3 270
3 748
3,795
3,277
2,768
2 106
2,159
2 107
596
1,511
388
855
248
2 179
616
1, 563
390
921
221
2 180
637
1,543
427
859
220
2.308
819
1.489
398
853
207
2, 582
1,116
1, 466
385
829
230
2,573
3 240
1 571
1, 669
369
1,035
248
3 598
1 865
1,733
379
1, 066
269
3 654
2, 118
1,536
362
894
264
3 224
1,728
1,496
410
811
253
2,717
1,310
1,407
381
791
208
2 072
728
1 344
368
750
200
2 140
585
1, 555
406
893
237
87
56
111
89
57
115
90
59
113
95
76
109
106
104
108
106
lOti
133
147
192
148
174
127
150
197
113
132
161
110
112
122
103
84
66
99
88
55
114
96
58
123
96
53
129
99
57
131
108
80
129
121
114
128
120
114
124
147
157
139
171
198
152
175
223
139
159
190
136
131
139
125
101
78
118
98
55
130
105
107
109
110
102
103
105
105
104
107
111
111
110
106
104
108
05
108
106
110
97
109
109
110
100
111
111
111
100
102
99
106
90
103
93
115
92
105
97
116
91
106
98
117
92
104
97
113
96
107
107
107
98
111
111
111
112
111
112
111
110
112
104
108
114
106
97
106
109
113
108
99
107
109
113
108
101
108
111
115
110
103
105
107
107
107
101
109
113
99
117
100
110
114
107
117
102
112
117
121
116
101
106
109
101
112
100
106
108
111
108
103
1, 132
1,441
376
817
229
106
INDUSTRIAL PRODUCTION f
Revised Federal Reserve Index of Physical Volume
Unadjusted, total index (including utilities) t
1957=100-.
By industry:
Alanufacturing, total
do Durable manufactures
do .
Nondurable manufactures
do
Alining
do
Utilities
.
.
__
do.. By market grouping:
Final products, total
_
__ do _ .
Consumer goods
_ _ _ d o _ _.
Automotive and home goods
do
Apparel a n d staples _ _ _ _ _ _ _ _ _ d o _ _
Equipment, including defense
do
r
r 97
r 9g
111
r HI
115
124
112
104
r
115
126
112
104
r
r 95
111
114
r 122
r 112
r
104
p 109
P no
P 108
P 113
p 97
P
P
P
P
P
110
113
119
in
104
97
T HI
P log
99
109
111
106
99
100
110
Materials
do _ _
102
108
110
110
109
114
90
P 107
97
91
112
106
88
Durable goods materials
_
do
94
107
110
110
109
109
108
106
109
109
108
Nondurable materials
___do
109
101
107
108
r 111
111
r 111
pm
2
f Revised.
*> Preliminary.
1 Estimates for January-March 1960 based on anticipated capital expenditures of business.
Estimates for April-June 1960 based on anticipated capital
expenditures of business. Anticipated expenditures for the year 1960, and comparative data for 1957-59, appear on p. 16 of the March 1960 SURVEY. 9 Includes data not shown separately,
t Revised series. In addition to new market groupings and expanded coverage to include utilities and a number of new items, the revised index incorporates major statistical revisions
SUKVEY OF CUEEENT BUSINESS
May I960
S-3
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
March
April
May
June
July
1960
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION— Continued
Revised Fed. Reserve Index of Physical Volume— Con.
Seasonally adjusted, total index (including utilities) t
1957=100..
By industry:
Manufacturing total
do
Durable manufactures 9
Primary metals
Iron and steel
Fabricated metal products
Structural metal parts
do
-- do
do
do
_ -do
Machinery
Nonelectrical machinery
Electrical machinery
109
p 109
110
r 109
p 109
101
109
105
113
117
104
103
109
122
124
109
106
110
118
119
105
81
71
111
108
98
47
31
106
100
97
45
30
106
99
r 96
96
79
76
95
91
107
114
119
105
100
112
101
99
119
109
44
31
99
92
111
r US
119
109
104
r
r
109
l!0
113
108
108
106
109
107
103
p
v
p
p
v
109
104
115
p 108
p 104
p 113
103
f 118
87
p 102
p 116
p 88
r
P 119
p 110
r
r
r
104
1()6
100
102
104
103
88
106
126
r
87
117
112
113
115
111
118
111
111
116
111
119
110
112
118
111
120
111
115
120
111
118
110
115
121
112
117
110
115
119
111
114
113
117
121
107
113
113
114
121
105
114
111
111
122
104
114
111
111
125
104
109
112
111
126
105
113
113
112
124
106
115
112
111
122
98
113
106
106
117
123
108
107
107
117
123
107
108
106
119
1°5
106
107
105
117
129
106
108
104
117
123
105
109
107
118
124
102
109
106
119
r
125
' 104
109
105
118
123
r 102
117
106
106
102
102
128
105
105
103
117
120
108
107
114
114
190
108
107
113
111
115
106
105
108
114
113
107
107
105
111
116
107
108
104
115
"•118
109
109
109
114
115
T 107
r 107
106
108
99
89
100
101
102
109
98
83
100
101
94
109
94
91
72
98
97
48
111
91
74
98
97
39
109
91
76
99
98
42
108
96
87
100
99
68
110
99
94
100
98
80
113
••98
91
99
f-98
87
108
r 96
99
98
73
111
r 106
96
104
100
112
112
114
114
114
115
116
117
115
116
118
113
116
117
111
117
119
111
118
119
113
117
117
117
119
119
122
120
119
121
119
r 121
r H9
p 119
P 117
103
107
107
106
111
110
108
111
113
108
111
115
109
112
118
109
112
109
112
111
109
112
Hi
106
109
100
109
112
114
112
116
125
110
r 109
r H3
r H4
119
113
T 114
P no
P 114
P 117
do
__ do_ _
do
106
102
112
108
108
108
110
110
109
113
112
115
116
113
119
105
97
118
9S
89
114
105
98
117
r 73
48
99
87
117
127
134
117
122
125
117
r 114
113
117
P 116
p 116
r 111
do
_ _ _ do
do.__
107
103
114
112
110
117
116
115
121
117
115
121
120
119
123
120
121
>• 121
121
125
119
121
124
120
121
126
120
124
133
122
123
130
122
117
117
118
114
113
113
107
113
106
104
111
118
109
107
111
118
109
108
110
119
108
107
111
120
108
106
112
117
110
107
112
117
111
107
111
118
109
104
112
119
110
107
112
120
110
107
113
118
112
109
r HI
r H3
P 113
T
116
118
111
108
p 112
104
108
103
111
113
111
104
110
109
110
104
111
102
111
105
112
108
111
106
113
114
112
108
113
112
115
110
114
110
114
108
115
107
115
109
116
107
113
109
116
111
115
110
'117
do
___do___
do
do
do
_do
95
93
90
97
95
112
97
96
92
100
97
119
100
100
97
102
99
128
102
102
100
105
97
132
103
104
101
107
101
132
103
103
102
108
96
109
103
103
101
109
92
129
103
103
101
111
91
112
101
102
102
112
87
106
102
103
104
113
90
105
103
105
104
114
*• 99
r
109
103
T 104
104
T 113
do
do
do...
do
do
104
104
102
100
106
108
108
107
102
111
110
112
113
106
114
IIQ
112
117
109
113
106
103
111
106
113
98
90
103
102
107
99
91
105
101
105
97
88
95
103
10°
100
93
76
10?
101
109
107
107
106
107
no
109
109
120
106
-- do
do
do
do
104
104
108
102
108
107
111
106
108
107
110
106
109
107
108
106
109
110
111
109
107
110
111
109
107
110
110
110
107
107
106
107
108
109
107
110
111
11?
113
111
do
do
do
99
95
111
101
97
112
103
99
114
103
97
117
99
94
116
97
93
113
98
98
95
113
101
97
114
104
99
117
---
r
96
93
100
100
97
103
104
101
107
107
104
110
108
105
113
r 107
r H3
r 1J3
-- do
do_.
do
99
103
94
102
108
95
104
111
97
105
113
96
106
114
96
102
106
96
98
103
93
do
do
do__
do
do
105
106
112
110
104
106
111
115
112
107
110
112
118
116
109
114
116
112
117
110
115
118
117
120
113
116
115
114
116
111
do
do
do__
do
do
107
111
114
101
107
110
114
120
107
112
111
115
122
113
112
111
119
122
107
110
113
122
do__
do
do
do
do
102
100
110
112
108
104
104
113
115
104
104
103
115
117
105
104
101
116
192
108
do
do
__do
do
do
112
104
105
102
107
104
107
107
110
119
105
108
108
109
110
-- do
do
- do
_do
__ do
do
95
82
97
97
101
103
98
84
99
100
99
109
112
111
114
__ do _
do___
do
do
do
do
do
Beverages and tobacco _
do _
Drugs, soap, and toiletries
do
Newspapers, magazines, and books,. do
Consumer fuel and lighting
do
110
112
r
Apparel and staples
Apparel, incl. knit goods and shoes
Consumer staples 9
Processed foods
* Preliminary.
111
109
108
Automotive products
Autos
Auto parts and allied products
Kevised.
109
102
O27
By market grouping:
Final products, total
Consumer goods
Automotive and home goods
r
103
102
_ _ do
do___
do
do
do
do_ __
Business fuel and power 9
Mineral fuels
Nonresidential utilities
102
104
93
94
90
Utilities
Electric
Gas
Nondurable materials 9 -Business supplies
Containers _
General business supplies
103
104
79
63
91
Rubber and plastics products
Foods and beverages
Food manufactures
Beverages
Tobacco products
Materials
Durable goods materials 9
Consumer durable
Equipment
Construction.
'104
98
104
91
_
Equipment, including defense 9
Business equipment
_ ._
Industrial equipment
Commercial equipment _. ...
Freight and passenger equipment
Farm equipment..
108
108
110
104
118
__
Home goods 9
Appliances, TV, and radios
Furniture and rugs
110
110
108
103
115
Instruments and related products
Clay, glass, and stone products
Lumber and products
Furniture and
fixtures
Miscellaneous manufactures
Mining
Coal
Crude oil and natural gas
Crude oil
Metal mining
Stone and earth minerals
109
110
104
102
108
_
Printing and publishing
Newspapers
Chemicals and products
Industrial chemicals
Petroleum products
107
107
T
T
Transportation equipment 9
Motor vehicles and parts.
Aircraft and other equipment
Nondurable manufactures
Textile mill products
Apparel products
Leather and products
Paper and products
104
104
fSee corresponding note on p. S-2.
191
no
103
9 Includes data not shown separately.
r
108
104
r 94
114
r
r
107
103
J12
r
r
84
r
110
121
107
r 109
110
111
108
103
115
r 97
r 97
T 95
r HO
107
T
106
114
109
117
r 96
97
r 108
109
7- HI
r 109
r HI
111
109
103
102
r yg
r 96
117
118
r
T
119
'106
111
116
T U4
p 122
p 114
112
110
124
p 113
111
r
108
104
120
p 110
r
106
p 111
107
108
r 95
86
r 95
T
p
p
P
P
97
87
96
97
115
110
r 102
r 104
p 102
P 104
104
115
95
92
r jng
r 107
116
106
106
P 108
P 106
109
108
109
108
•p i jo
r 102
r QT
P 102
SURVEY OF CURRENT BUSINESS
S-4
May 1!>00
1950
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
March
April
May
June
1960
1 DecemAugust SeptemOctober Xovember
ber
1
ber
July
January
February
March I April
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES§
bil. of dol._
59.2
60.6
61.5
62.0
61.7
59.6
60.1
59.7
59.1
60.9
61.6
62 2
61 3
Manufacturing, total
_ do
Durable goods industries
do
Nondurable goods industries
__
___do
Wholesale trade, total
_
do_ _.
Durable goods establishments
do
Nondurable goods establishments
_ do Retail trade total
do
Durable goods stores . _
_ __do_ __
Nondurable goods stores
do.
Manufacturing and trade inventories, book value, end
of month (seas, adj.), total __ _ __. _ bil. cf dol _
29.1
14.4
14.7
12.2
4.6
.7.6
17.9
6.0
11.9
30.3
15.2
15.1
12.4
4.7
7.7
18.0
6.1
11.8
30.7
15. 5
15.2
12.5
4.9
7.7
18.2
6.1
12.1
31.2
15.8
15.5
12.6
4.9
7.7
18.2
6.2
12.0
30.9
15.4
15.5
12.5
4.8
29.8
14.1
15.7
12.5
4.6
7.9
17.8
5.8
12.0
29.4
14.0
15.3
12.0
4.4
7.5
18.3
6.4
12.0
29.0
13. 5
15.5
12.3
4.6
7. 7
17.8
5. 7
12 2
30.8
15.0
15.8
12.7
4.7
7.9
17.5
5.3
12.2
31.1
15.4
15.7
12.4
4.7
7.7
118.1
5.9
12.2
31.6
15.7
15.9
12.5
4.7
7.8
18.1
6.0
12.1
30.8
15.2
15.6 |
6.2
12.1
29.3
14.0
15.3
12.2
4.6
7.6
18.1
6.1
12.0
86.6
87.6
88.3
89.3
89.9
89.5
89.2
88.8
88.4
89.4
90.5
91.4
92.2
50.5
28.9
21.5
51.1
29.4
21.7
51.6
29.7
21.9
52.1
30.2
21.9
52.2
30.3
21.9
52.1
30.1
22.0
51.9
29.8
22.1
51.5
29.2
22.3
51.6
29.3
22.3
52.4
30.1
22.3
53.3
30.8
22.5
53.9
31.3
22.6
54.3
31.7
22.6
12.0
6.3
5.6
24.2
11.1
13.0
12.1
6.4
5.7
24.5
11.3
13.2
12.2
6.5
5.7
24.5
11.5
13.1
12.4
6.6
5.8
24.8
11.7
13.1
12.5
6.7
5.9
25.1
11.9
13.2
12.6
6.6
5.9
24.8
11.6
13.2
12.5
6.5
6.0
24.8
11.5
13.3
12.5
6.5
6.1
24. 7
11.6
13.1
12.6
6.5
6.1
24.2
11.0
13.2
12.6
6.6
6.1
24.3
11.0
13.3
12.7
6.6
6.1
24.5
11.3
13.2
' 12. 7
6.7
6.1
'24.8
11.6
' 13.2
12.8
6 8
6.0
25.1
11.7
13.4
Mfg. and trade sales (seas, adj.), total
Manufacturing, total
Durable goods industries
Nondurable goods industries
do _ .
do
_do_ __
Wholesale trade, total
do
Durable goods establishments
do
Nondurable goods establishments
do
Ketail trade total
do
Durable goods stores
_
do
Nondurable goods stores
do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Sales value (unadjusted) total
mil. of dol
Durable goods industries total 9
Primary metal
Iron and steel
Fabricated metal
Machinery (including electrical)—
Electrical
-
Transportation equipment
Motor vehicles and parts
Lumber and furniture
Stone clay and glass
Nondurable goods industries, total 9
Food and beverage
Tobacco
Textile
Paper
_
..__
Chemical
_ _
Petroleum and coal
Rubber
Sales, value (seas, adj.), total
Durable goods industries total 9
Primarv metal
Iron and steel
Fabricated metal
Machinery (including electrical)
Electrical
___
Transportation equipment
Motor vehicles and parts
Lumber and furniture
Stone, clay, and glass
_ _
Nondurable goods industries total 9
Food and beverage
Tobacco
Textile
Paper
__ _
Chemical
Petroleum and COP!
Rubber
Inventories, end of month:
Book value (unadjusted), total
_
Durable goods industries, total 9
Primarv metal _
_ __
-
_
_ _ _
._
- .-
_ _
_ _
is! 3
12.2
4.4
7.8
18.3
6.0
12 3
30, 589
30, 885
30, 673
31, 993
29, 246
28, 590
30, 032
30, 849
28. 530
30, 630
29, 740
' 30, 290 32, 440
do
do
do
do
do
do_ __
15,305
2,792
1,925
1, 622
4,595
1,791
15, 810
2,947
2,033
1, 735
4, 610
1,745
15, 727
3,011
2,093
1,718
4, 515
1,731
16, 653
3, 259
2,313
1,827
4,808
1, 868
14, 220
1,785
999
1, 760
4, 350
1,710
13,049
1,165
417
1, 810
4, 403
1, 823
13, 687
1,218
436
1,898
4,726
2,030
14, 528
1,269
467
1,800
4,822
2,079
13,305
1,907
1, 147
1.527
4.521
1,973
15, 240
2, 700
1,890
1.620
4,870
2,080
14, 720
2,670
1,850
1,540
4,400
1,850
16,080
15, 110
2,690
r 2, 540
' 1. 670 1.760
1, 700
1, 570
5,080
4,690
2. 050
1,890
do
do
do
do
do_ _
do
do
do_ .
do__.
do
do
do __
do __
do
do
do
do ._
do
do ._
do
do
do
do
do
do
do_ _
do
do. _
do
do
do
3,491
2,304
969
724
15,284
4,483
404
1,243
1, 018
2, 132
3, 107
526
29, 130
14, 400
2,580
1,782
] , 605
4, 226
1,704
3, 212
2, 060
918
731
14, 730
4. 465
416
1,200
988
1,979
3, 046
506
3, 637
2, 367
989
771
15,075
4,378
399
1,217
1,044
2,247
2,988
554
30, 266
15, 166
2,792
1, 918
1, 684
4,423
1,804
3. 385
2. 142
' 995
756
15, 100
4, 507
411
1,253
1,034
2, 090
3, 080
543
3, 565
2,228
995
789
14, 946
4, 598
407
1, 199
1, 026
2,185
2,934
524
30, 742
15,515
2, 858
1,956
1,711
4, 507
1,796
3. 403
2, 178
1, 041
15,227
4, 617
388
1,310
1,020
2, OS9
2. 994
' 524
3, 674
2, 268
1, 050
829
15,340
4, 679
451
1, 260
1, 052
2.180
3, 033
546
31,248
15,77]
2, 916
] . 994
1,758
4, 565
1,815
3, 558
2, 279
1. 035
768
15, 477
4, 614
414
1,281
1,042
2, 125
3. 095
520
3,478
2,106
983
781
15, 026
4, 610
416
1, 119
986
2,044
3, 093
514
30, 858
15,384
2, 104
1. 182
1,787
4, 778
1 , 899
3, 667
2.310
1.077
805
15,474
4, 540
3<v>2
1, 256
1,060
2, 171
3, 093
519
2,648
1, 301
1, 065
812
15, 541
4, 579
413
1, 296
1,041
2,143
3, 056
480
29, 268
14,008
1,227
439
1,703
4. 651
1,883
3, 577
2, 143
901
751
if, 260
4,511
395
1 , ?.-()
1.011
2, 157
3 071
492
2,768
1,404
1,073
775
16, 345
4,855
416
1,310
1,060
2, 379
3, 235
'528
29, 818
14,113
1,212
432
1, 759
4, 663
1,942
3, 641
2,237
977
718
15,705
4,618
408
1 , 222
1 , 029
2,273
3. 301
544
3,570
2,207
1,034
782
16, 321
4, 950
409
1,346
1,086
2, 339
3,037
569
29, 384
14, 047
1, 186
438
1,631
4, 666
1.911
3,778
2,415
952
704
15,337
4. 609
399
1, 197
1 , 006
2,219
3, 037
555
2,701
1,373
897
652
15,225
4. 585
441
1. 256
974
2. 120
3, 103
439
28. 972
13,479
1.956
1.182
1,623
4.717
1. 956
2. 514
1, 167
922
662
15, 493
4. fi43
443
1. 209
994
2, 236
3. 183
'482
3,480
2,010
840
650
15,390
4.590
420
1.220
990
2,180
3, 350
480
30, 790
15.010
2.800
1.980
1,760
4,720
1,950
2.970
1.590
910
730
15, 780
4. 700
410
1.260
1 . 060
2 38(1
3. 100
500
3,670
3,760
2,450 r 2, 440
810
'850
620
640
15,010 r 15, 180
4,440
4,430
350
370
1,200
1.230
990 ' 1,010
2,200 '• 2. 220
3, 200 r 3, 070
520
r 520
31,110 r 31, 580
15, 450
15. 670
2,730 ' 2, 690
1,900
1,800
1.700
1, 720
4,800
4,840
2, 020
1, 990
3,470 r 3, 570
2, 130 r 2, 220
870
'920
r
750
770
15, 660 ' 15, 900
4. 780 r 4. 720
400
430
1,260
1,260
1,010 * 1,070
2. 260
3. 080 r 3. 130
530
r 570
do
do
do. _
50, 626
29, 116
4,271
2 565
3 151
9, 279
3 452
6, 908
2 766
1 750
1, 265
51, 053
29. 510
4, 183
2 460
3,270
9, 434
3, 537
7, 034
2 829
1 76(
1, 284
51, 545
29, 905
4. 175
2, 420
3, 376
9, 627
3, (543
7,078
2 872
1, 787
1, 292
51,990
30,217
4, 013
2 251
3, 500
9, 801
3, 724
7, 220
'>' 983
1, 79f
1, 295
51,790
30, 079
4, 007
2, 260
3, 487
9, 779
3, 082
7,114
2, 910
1.848
1, 275
51.524
29. 679
3. 979
9 2 VI
51,551
29, 601
3, 971
9 9 64
3, 055
9. 650
3. 614
51. 782
29. 431 I
4.116
3, 107
1,849
1, 226
51,434
29. 224
3, 981
2 288
2, 854
9. 700
3, (524
7, 062
2, 907
1.819
1,257
2. 860
9. 703
3.' 626
7, 114
2, 997
1. 834
1.296
52, 880
30. 260
4.310
2. 580
2. 960
9. 880
3. 690
7. 380
3. 200
1.860
1,340
53, 660 ' 54. 200 54. OSf
32. 010
30, 860 r31 , 450
4. 350
4. 300
4. 41 (
2, 540
2 550
2, 560
3.070 ' 3, 230 3. 37(
10,140 ' 10. 360 10. 54r
3, 870
3. 930
3, 760
7. 520 'r 7, 620 7. 670
3.350
3, 350
3,270
1,890 ' 1, 880 1 900 |
1, 480
1,380 r I, 420
8.1
11.8
9.7
21, 543
4, 676
1, 905
2, 523
1,492
3, 745
3. 232
1,040
8.3
11.8
9.8
21, 640
4, P,06
1,854
2. 557
1,497
3, 730
3,312
1,015
8.8
11. 7
9.7
21,773
4, 604
1,764
2. 576
] , 499
3,777
3, 349
1,013
9.0
11.7
9.4
21,711
4, 628
1,737
2. 563
1,457
3. 809
3.347
1, 032
8.9
11.6
9.2
21.845
4, 824
1,773
2,481
1.458
3, 828
3, 390
1,057
S 5
11.9
9.2
21,950
4, 944
1,862
2, 445
1,442
3,853
3, 398
1, 075
8. ._.
11.9
9.1
22,210
5, 021
1,926
2.431
1,444
3, 944
3, 443
1,087
8.3
11.8
9.3
22. 351
5, 098
1,923
2, 451
1,466
4. 000
3.398
1.114
8.5
12.1
9.6
22, 610
5.010
2. 040
2. 510
1,510
4. 080
3. 360
1.160
8.5
12.4
10. 0
22, 810
4,940
2. 100
2, 600
1,530
4, 090
3. 340
1,170
Machinery (including electrical)
do. ..
Electrical
do
Transportation equipment
do
IVIotor vehicles and parts
do
Lumber and furniture
do
Stone, clay, and glass
do
By stages of fabrication:
7 9
Purchased materials
bil. of dol._
1L6
Goods in process
do
9.6
Finished goods
do_ ._
Nondurable goods industries, total 9 ..mil. of dol_. 21, 510
4, 662
Food and beverage
do
1, 951
Tobacco
. . _ _ do
2, 502
Textile
do
Paper
do _ ! 1,491
! 3, 793
Chemical
do
! 3, 187
Petroleum and coal
do
Rubber..
_ _ _ _ _ do_ . ! 1,071
By stages of fabrication:
8.8
Purchased materials
bil of dol !
Goods in process
do
3.0
9.7
Finished goods
_ _ _ _ _ do
Q' 792
3! 052
7,013
2, 847
1 *.r,<)
1, 229
9 41]
3,840
2,480
920
690
16, 360
4.820
400
1,270
1,090
2,440
3. 240
540
30. 800
15, 160
2. 540
1, 660
1.690
4. 760
1.960
3,440
2, 120
890
700
15.650
4. 700
420
1.210
1 . 040
9 -^((Q
3, IK
530
8.6
'8.6
12.7
'12.5
10.4
10.7
r
22, 750
22, 670
' 4, 850 4,740
' 2, 060 2, 020
2, 670
2, 690
' 1, 560 1. 580
4, 140
4. 160
' 3, 270 3, 220
1. 180
1,200
'9.2
9.3
9.2
9.3
8.8
8.6
8.7
9.0
'3.1
3.0
3.0
3. 1
3.1
3.1 1
3.0
3.1
10.4
10.4
10.5
10.4
10.4
10.1
10.2
10. 3
r
lie term ' 'business ' here inc udes onl:\ T manufac turinj? am 1 trade. 1Business inventorie s a^ shown
§ 1
Revised.
1 Beginning January 1960, data for £Alaska anc Hawaii ire includ ed.
Unadjus ed data f()r manufa cturing ar c shown 1 >elow; the se for ret r il and wh olesale tra de on pp. S-9, S-10 and S-ll.
on p. S-l cover data for all types of producers, both far m and noiifarm .
9 Includes data not shown separately.
8.7
3.1
9.8
8.7
3. 1
9.9
8.7
3.1
10.0
8.7
3.1
9.9
SURVEY OF CURRENT BUSINESS
51)1 y I960
S-5
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
March
April
May
Juno
July
1960
August Septem- October Xovem- December
ber
ber
January
February
March
April
GENERAL BUSINESS INDICATORS—Continued
M A N U F A C T U R E R S ' SALES, INVENTORIES,
AND ORDERS— Continued
Inventories, end of month — Continued
Book value (peas, a d j . ) , total
_ _ _ mil. of do'
50,454
51, Or 2
51,599
52. 138
52, 241
52, 116
51.892
51,515
51,625
52. 430
53. 330
Durable food? industries, total 9 - - Prim^rv me^nl
do
do
28, 925
4 341
29, 361
4 368
29, 734
4 319
9 (}.]d
9 (\4 '
9 -74
do
do
do
3, 1 20
9,? 15
?, 4 r 8
3, 175
9 3 46
3 f08
9 482
3 r>57
30, 349
4 1C 8
2 354
3', 41!
9 802
3 607
30.1^5
3 980
Fabricated metal
M n o h i n e r v (including electrical)
Flccfric" 1 !
30, 2271
4 20
9 447
?', 305
9 795
3 648
3~ 3?8
9 8°'P>
3 680
29.817
3 °t23
2 198
3, 117
9 741
3 630
29, 249
3 870
2 ]58
2 912
9 807
3 6 "5
29, 347
3 980
2 253
2,918
9 731
3 639
30, 080
4 120
2 390
3, 050
9, 920
3 730
30, 760
4 200
2 460
3,130
10, 180
3 820
Transportation equipment
do_ ._
Motor vehicles and parts
do
Lumber and furniture--.
do
Stone, clay, and glass
do
By stages of fabrication:
Purchased materials
bll. of doL_
Goods i n process
_ _ _ _ _ _ _ _ _
do
Finished goods
do
6, 854
2, 680
1,719
7, 031
2, 826
1,731
1 , 235
7, 167
2, 955
1,759
1, 254
7, 386
3, 149
1,764
1, 276
7, 397
3, 175
1,823
1, 270
7, 333
3.153
1,841
1 . 2G1
7,305
3, 165
1,860
1, 277
6,887
2, 745
1,855
1, 320
6, 928
2] 81 1
1, 861
1, 330
7,180
3, 040
1,870
7,380
3, 100
1,910
8. 1
11.5
9.3
8.3
11.7
9.3
8.5
if. 8
8.9
11.9
9 5
8.9
11.9
9.5
8.7
11.9
9.4
8.3
12.0
9.5
8.0
11.8
9.4
8.1
11.8
9.4
8.3
12.1
9.7
8.6
12.3
9.9
Nondurable goods industries, total 9 - mil. of doL.
21, £29
21,691
21,865
21,911
21,892
21 , 971
22, 075
22, 266
22, 278
22, 340
4,797
1,876
2, 463
1,4 no
3,702
3, 320
1,030
4,870
1,868
2,482
1,463
3, 696
3, 367
1,015
4, 967
1,873
2,487
1,482
3, 730
3, 380
995
4,928
1.819
2, 532
1,492
3, 768
3. 366
1,013
4,847
1.838
2, 534
1,457
3.847
3,314
1. 075
4 833
1 , 866
2 495
1.473
3 907
3, 332
1 113
4, 832
1,930
2, 516
1, 471
3,970
3, 267
1, 114
4,810
1, 955
2, 536
1,481
4, 037
3, 295
1,115
4.814
1.942
2, 542
1,496
4,041
3, 283
1, 120
4, 790
1,980
2, 530
1,510
4, 030
3. 320
1,140
8.6
3.0
9.9
8.7
3.0
10.0
8.8
3.0
10 0
9.0
3.0
9 9
9.0
3.1
9.8
9.0
3.1
9 9
8.9
3.1
10. 1
9.0
3.1
10.2
8.9
3.1
10.3
31,868
30, 994
30, 281
32, 302
29. 449
28, 558
30, 527
31, 258
16,452
3 033
2, 064
1,688
5, 193
2, 133
15,858
2 671
1,738
1,665
4,679
1,791
15, 131
16,936
2 583
1,731
1,775
5,409
2, 370
14, 424
1 749
977
1,793
4, 658
1. 897
13,120
1 633
902
1,796
4,393
1,794
14, 285
1 807
990
1,876
4,941
2,124
14, 980
1 818
997
1,863
4,794
2,002
Food and beverage
Tobacco
Textile
Paper
_
Chemical
Petroleum and coal
Rubber
By stages of fabrication:
Purchased materials
Goods in process
Finished goods
_ _
do
do
do
do
do
do
do
_ _ _
_ _
_ _
-
bil. of doL.
do
do
New orders, net (unadjusted), total. _ _ _ _ m i l . of dol
Durable goods industries, total 9
do...
Iron and steel
do
Fabricated metal
_
do
Machinery (including electrical) _ .
do
Electrical
do
Transportation equipment (including motor vehicles)
.
mil of dol
9 551
1,650
1,668
4, 590
1,716
53 900
54 320
31. 260
4 31*)
2 540
»• 3, 230
r
10 320
3 900
31 720
4 460
2 6^0
3, 340
10 440
3 930
r
r
r
r
7, 530
3, 190
1,870
7, 590
3, 240
1, 860
'8.7
12.5
10. 1
8.8
12.0
10.3
22, 550
22, 640
22, 600
4, 810
1, 980
2, 580
1 , 531)
4, 030
3, 410
1,140
r 4, 820
r
1 950
2, 650
1, 540
4, 050
r
3, 400
1, 140
4, 850
1,950
2, 640
1.540
4, 06(
3. 340
1, 150
8.9
3.0
10.4
9.0
3.0
10.5
9.1
3.0
10.5
9.1
3.0
10.5
28, 559
30, 610
29, 100
13, 299
2 149
1, 361
1, 596
4,282
1,740
15, 070
2 700
1, 810
1,610
4, 880
1.960
14, 060
2 290
1, 450
1,520
4,420
1 , 760
r
' 29, 650 31, 680
14, 560
r 2 320
r
1,420
r 1, 540
r 4, 810
r 1, 890
r
15, 390
1 870
1,040
1,610
4,940
2, 000
3,614
3,792
3, 333
4,039
3,161
2,342
2.712
3,626
2,611
3,550
3,320
3, 340
4, 160
_ _ do
do
_ __do
15,416
3, 557
11,859
15, 136
3,442
11,694
15, 150
3, 594
11,626
1 5, 366
3 465
11,901
15, 025
3,203
11, 822
15,438
3 399
12, 039
16, 242
3 498
12, 744
16, 278
3 62?
12, 656
15,260
3 446
11,814
15, 540
3, 560
11,980
15, 040
3, 320
11, 720
r
15, 090
T
3 300
r
11, 790
16, 290
3 520
12, 770
__ _ _ do_
r
30, 590
30,120
14, 800
T
2 200
14, 480
1 770
970
1 620
4 560
1, 850
Nondurable goods industries, total
_
Industries with unfilled order^ ©
Industries without unfilled orders 1 _ _ .
30, 229
31,206
30, 541
31,404
30, 827
29, 016
30, 552
30, 449
29, 222
30, 740
29, 830
Durable goods industries, total 9
do _
Primary metal
do
Iron and steel
do
Fabricated metal
do
Machinery (including electrical)
do
Electrical
do
Transportation equipment (including motor vehicles)
mil of dol
15, 323
2,681
1,795
1,608
4, 839
2,094
15,796
2, 826
1,829
1,632
4,632
1,822
15, 241
2,479
1,586
1,619
4, 626
1,744
16, 133
2, 578
1,714
1,811
4,922
2,021
15, 493
2,018
1,149
1,793
4,893
1,928
13,974
1 689
920
1,710
4 623
1,927
14, 747
1 957
1,112
1, 705
5, 067
2,173
15,099
1 870
1,039
1,791
4,982
2,075
13, 721
2, 141
1, 338
1,818
4, 673
1,927
14, 770
2,680
1,820
1 , 670
4,870
1,930
14, 190
2, 230
1,400
1,610
4, 630
1,900
3,437
3, 655
3,498
3.841
3,631
3,185
3,155
3,661
2,303
2,800
3, 150
Nondurable goods industries, total
Industries with unfilled orders 0
Industries without unfilled orders f
14,906
3, 453
11,453
15,410
3, 662
11,748
15, 300
3, 524
11,776
15,271
3, 269
12,002
15, 334
3,384
11, 950
15, 042
3 237
11,805
15, 805
3, 533
12, 272
15,350
3,385
11,965
15, 501
3,377
12, 124
15, 970
3, 750
1 2, 220
15, 640
3,430
12, 210
r
50, 376
50, 485
50, 093
50, 402
50, 605
50, 573
51,068
51, 477
51, 506
51,490
50, 850
r
50, 210
49, 440
47, 244
6, 362
4,882
3, 382
16,785
9,621
47 292
6, 086
4, 587
3,312
16,854
9, 667
46, 696
5, 626
4, 144
3, 262
16, 929
9, 652
46, 979
4, 950
3, 562
3,210
1 7, 530
10, 154
47, 183
4, 914
3,540
3,243
17, 838
10, 341
47 254
5, 382
4 025
3 229
17 828
10.312
47, 852
5,971
4, 579
3, 207
1«, 043
10, 466
48, 304
6,520
5, 109
3,270
18, 015
10, 329
48, 298
6, 762
5, 323
3.339
17, 776
10, 096
48, 130
6, 760
5, 240
3. 330
17,790
9,980
47, 460
6, 390
4, 840
3,310
17,810
9,900
46 910
T 6, 180
T 4 58()
r
3 270
T 17 920
T
9 900
46 210
5, 360
3 860
3 170
17 790
9 840
r
15, 280
New orders, net (seas, adjusted), total__
do
do
_ _ . . do
Unfilled orders, end of month (unadj.), total
do
Durable goods industries, total 9
do
Primary metal
do
Iron and steel
do
Fabricated metal
_
_ _ _
do
Machinery (including electrical)
do
Electrical
do
Transportation equipment (including motor vehicles)
mil. of do!
16,078
16, 233
16,001
16,366
16, 049
15, 743
15,687
15, 743
15, 653
15, 730
15, 380
. . . do .
3, 132
3,193
3,397
3,423
3,422
3,319
3,216
3,173
3,208
3. 360
3,390
BUSINESS POPULATION
Firms in operation, end of quarter (seasonally adjusted)!
thousands
r 4, 615
New business incorporations (49 States) eft- -number. -
18, 176
17,615
16, 721
16, 208
16, 650
14, 406
14, 664
14, 526
13, 015
16, 456
INDUSTRIAL AND COMMERCIAL FAILURES^ 1
Failures, total
number
1,263
1,292
1, 135
1,244
1,071
1 135
1 144
1 125
1 130
117
185
210
625
126
121
166
202
671
132
104
172
199
567
93
111
167
203
633
130
100
137
203
518
113
122
181
187
542
103
93
191
192
563
105
102
164
221
532
106
105
186
195
520
124
65, 051
71,907
50 917
49, 197
51, 197
54 501
54 736
50 375
5, 304
11,589
22, 558
20, 348
5, 252
9,994
8,623
16, 501
22, 839
13, 950
3,336
12 262
10, 835
19 638
4,846
5, 069
8,519
12, 143
18 234
5, 232
3,147
11,328
14, 592
17, 052
5,078
3, 160
12 061
18, 559
15 362
5,359
3 077
12 595
15, 974
16 Oc'8
6, 992
3,891
7 131
20, 980
13 050
5,323
50.4
52. 0
48.3
53.8
49.2
53.3
58. 4
50.5
Nondurable goods industries, total ©
Commercial service
_ _ _ _ _ _
Construction _ - _ _ _ _
Manufacturing and mining
Retail trade
Wholesale trade
Liabilities (current) total
Commercial service.. ...
Construction
Manufacturing and mining
Retail trade
Wholesale trade
do
_ do _
do
do
do
thous of dol
_._
. do
do
do
do
do
Failure annual rate (seas. adj.)_No. per 10.000 concerns _
r
r
4, 635
r
1 300
T
1,610
4 840
1, 920
r
T
r
3, 500
3 720
15, 790
r
3 390
15 650
3 390
12, 260
r 12, 410
14, 960
r
3 300
3 230
18, 189
14, 669
17, 437
1 080
1 181
1 214
1 335
89
163
231
478
119
93
193
210
587
98
103
195
196
609
111
120
241
224
607
143
53 214
59 556
53 671
60 945
70 193
3, 027
12 136
17.266
15 244
5, 541
3 072
10 453
23, 822
13 443
8, 766
3, 129
11 993
16, 324
15 951
6, 274
2 501
10 770
21, 527
16 687
9, 460
7 809
19 427
19. 170
14 116
9, 671
55.4
49.6
51.0
50.7
51. 1
' 4, 655
>• 4, 670
4, 690
_.«
Revised.
9 Includes data not shown separately.
©Includes textiles, leather, paper, and printing and publishing industries; unfilled orders for other nondurable goods industries are
zero.
1[For these industries (food, beverages, tobacco, apparel, petroleum, chemicals, and rubber), sales are considered equal to new orders.
§ Re vised beginning with data for 2<1
quarter 1956; revisions prior to 1st quarter 1959 appear on p. 13 of this issue of the S U R V E Y .
a"Data are from Dun & Bradstreet, Inc.
IRevisions for January-September 1958 to include data for Hawaii appear in the January 1960 SURVEY; comparable data for 1955-57 are available upon request.
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
May 1960
19 59
March
April
May
June
July
19 50
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
Prices received, all farm products!
1910-14 = 100__
244
244
245
242
240
239
239
235
230
228
231
233
240
242
220
264
254
155
205
223
261
264
161
205
230
254
269
163
205
229
213
200
163
199
226
215
287
101
200
221
214
281
159
201
220
214
280
156
198
219
241
271
149
203
216
228
260
150
206
217
258
254
149
206
219
264
248
151
206
219
250
237
153
229
251
238
153
210
224
251
244
158
209
do
do
do
do _ _
218
223
117
505
210
225
135
508
223
230
217
508
223
228
9
97
509
206
222
232
503
211
214
164
504
230
204
146
510
214
208
147
505
199
216
165
504
198
215
174
491
202
216
188
486
999
189
493
228
215
223
493
211
216
257
493
I ivestock and products
do
Dairy products
do
Alcat animals
__
do _
Poultry and eggs
do
Wool
do
Prices paid:
<\H commodities and services
__
do
Family living items
do
Production items
--do
All commodities and services, interest, taxes, and
wage rates (parity index)
1910-14 =100__
264
249
9r
;8
9",9
9~,9
9~4
229
329
124
241
239
314
139
248
139
249
256
265
307
143
244
248
232
33S
120
24()
251
314
154
197
261
240
336
135
220
291
138
235
243
279
275
139
230
238
274
264
148
234
242
266
278
144
239
244
26')
286
142
240
256
254
307
153
243
246
310
163
250
275
287
267
276
287
269
276
288
268
276
288
267
275
289
200
274
288
265
290
264
275
291
264
275
291
264
275
290
265
276
289
266
276
278
288
200
r 289
9O1
267
268
297
'• 298
299
298
298
297
297
296
297
297
299
299
300
302
82
82
82
81
81
80
80
79
7-8
80
SO
123 7
123.9
124.0
124. 5
124.9
124.8
1 25. 2
125.5
125. 6
125.5
125.4
125.6
127.9
122.7
117 0
118.7
113.1
145.8
128.2
122.4
116.6
118.3
112.8
146. 3
1 2S. 7
122. 9
117 0
118.8
112.8
146. 9
129.2
123. 2
117.3
118.8
113. 6
147. 3
129.5
123. 1
117 2
118. 6
114. 1
147. 6
129. 5
123.1
117 1
118.5
113.8
147.8
129.4
122. 9
116 7
118.1
113.3
148.2
129. 7
123.0
116 7
118.0
Crops
Commercial vegetables
Cotton
Feed grains and hay
Food grains
do
__ do
do
do
do
_
Fruit
Oil-bearing crops
Potatoes (incl. dry edible beans)
Tobacco
Parity ratio §
_
-
_
do
CONSUMER PRICES
(U.S. Department of Labor indexes)
A 11 items
1947-49 = 100
Special group indexes:*
\11 items less food
do
\11 items less shelter
do
\11 commodities
do
Nondurable?
do
Durables
do
Services
do
Anparel
Food 9
Dairv products .
Fruits and vegetables
Meats, poultry, and
_
fish
Reading and recreation
Transportation
Private. Public
Other goods and services
1 26. 9
121.4
115 9
117.4
112 5
144.4
127. 1
121.5
115 9
117.4
112.6
144.8
127.3
121.6
115 9
117.4
112.7
145. 2
do
. - d o
do_
do
do
107 0
117.7
113.8
120. 7
111.3
107. 0
117. 6
112.9
123. 6
111.5
107.3
117.7
112.6
125.6
111.6
107. 3
118.9
112.3
134. 5
111.6
107. 5
119.4
113.3
130. 8
112.0
108.0
118.3
114.1
125. 6
109. 9
109.0
118.7
115.5
124.1
110. 4
109.4
118.4
116. 1
124. 5
109.0
109.4
117.9
116.0
123.4
107.9
109. 2
117.8
116.7
125. 5
106. 6
do
do
do
do
do
do
128 7
118.5
103 8
139.1
149.2
129.7
128 7
118.2
103. 8
139.3
149. 6
130.0
128 8
118.7
103. 7
139. 3
150. 2
130.7
128 9
119.3
104. 1
139. 5
150. 0
131. 1
129 0
119.5
104. 0
139. 6
151.0
131.3
129.3
120.1
103. 6
139.8
151. 4
131.7
129 7
121, 6
104.0
140.0
152.2
132. 1
130. 1
121. 7
104. 1
140.4
152. 5
132.5
130 4
121.7
104.4
140. 5
1 53. 0
132.7
130 4
122.7
104 2
140.8
153 2
132 9
do
do
do
do
do
117.3
144.9
134.0
192. 0
127.3
117.7
145. 3
134.4
192. 6
128.2
117.8
145. 4
134. 5
192. 7
128.4
118.1
145. 9
134. 9
192.7
129. 2
119. 1
146. 3
135. 2
194. 2
130.8
119.1
146.7
135.5
194.9
131.1
119.6
146. 4
135. 3
194. 9
131. 5
119.7
148.5
137.4
195. 9
131.6
120.0
149. 0
137.9
196. 0
131.6
120.4
148 7
137.5
197 2
131 7
119.6
120.0
119.9
119.7
119.5
119. 1
119.7
119.1
118.9
118.9
95. 6
127.0
120.2
95.9
126. 9
121.4
94.4
127.1
120.5
93.6
127. 3
120.0
93 4
127 3
120 1
_
_
_ _
_
WHOLESALE PRICESc?
(U.S. Department of Labor indexes)
All commodities-.__
1947-49=100.
By stage of processing:
Crude materials for further processing
do
Intermediate materials, supplies, etc
do
Finished goods©
do
By durability of product:*
Nondurable s:oods_
_
_
__do
Durable goods
do
216
77
127. 5
122.2
110 0
118.2
112.8
145. 4
Housing 9
Gas and electricity
Houscfurnishinp's
Rent
Medical care
Personal care
208
r
1
125 7
148. 9
129
123
116
118
112
149
7
1
7
3
5
2
107 9
117.6
116. 5
125. 7
106. 4
108 4
117. 4
116.5
] 25. 9
106. 2
108
117
116
125
107
8
7
4
0
2
130 7
123. 2
104 ()
140. 9
153 5
132.7
131 2
124. 0
104 3
141.0
154 7
132. 6
131
124
104
141
155
132
3
1
7
2
0
7
120. 6
147 5
120
146
134
199
131
9
5
9
4
7
120.3
r 147 6
r 136.
3
r
r
113 3
r 136.
0
197 2
131.8
199 3
131.8
119 3
119.3
120 0
120.0
94 6
127 5
120 6
94 8
l'?7 4
120 5
T
r?7 5
121 4
96.4
127 6
121 4
98.9
126. 7
120.6
99.6
127.2
120.8
98.5
127.4
120.6
98.1
127.1
120.5
96.4
127.2
120.5
105. 6
145. 4
106.2
145.4
105. 8
145 8
105.2
146. 1
105.0
146.1
104.4
146.2
105. 0
146. 4
104.2
146. 4
103. 7
146.7
103.8
146 6
104 3
146 8
104. 3
146 8
105 5
146 5
105.6
146 5
do
do
do
do
90.8
93.6
77. 7
91.1
92.4
114.2
79.7
91. 9
90.8
107.0
78.6
90. 6
89.8
100.9
78.2
89.5
88.4
98.5
78.2
84.8
87.1
92.8
77. 7
83.1
88.9
103.1
76.2
82.1
86.5
102.2
75.7
78.5
85.4
103. 2
76.5
75.3
85 9
107 9
76 1
76.0
86 5
104 9
77 2
78.5
87 0
100.5
76 7
80. 8
90 4
104 4
78 °
86.2
91.1
111.5
79 4
85.7
Foods, processed 9
do
Cereal and bakery products
do
Dairy products and ice cream
do
Fruits and vegetables, canned and frozen _ _ _ d o
Meats, poultry, and
fish
do
107. 2
119.0
113.0
111.2
99. 6
107.2
118.9
112.0
110.6
100.8
107.7
119.5
111.7
110.4
101.4
108. 1
119.2
111.9
111.1
101. 9
107.5
119.5
113.9
110.6
99.3
105.8
119.5
114.7
107.9
94.8
107.8
119. 5
116. 2
106. 9
99.7
106.4
120. 4
116.7
107.4
95.1
104. 9
120.4
117. 7
106. 4
90.8
104 7
120.4
118 1
104.6
90.5
105 6
120. 7
118 8
104. 5
92.4
105 7
120. 6
118 4
105. 0
93. 1
107 3
120. 8
117 7
r
105. 8
r
97. 8
106 8
120. 9
115 6
105.8
96.8
Commodities other than farm prod, and foods— do
Farm products 9
Fruits and vegetables, fresh and dried
Grains _ _
Livestock and live poultry
96 4
128.1
128.3
128.4
128.2
128.4
128.4
128.4
128.4
128. 5
128. 6
128.8
128.7
128. 6
128.7
do
do
do
do _
do
do
109. 8
123. 6
92 8
00. 3
107. 5
128.4
110.0
123.9
92 9
60.4
107. 5
128.3
110.0
123.8
93 1
60. 4
107. 5
128.3
110.0
123.8
93 4
58.4
107. 6
128.3
109.9
123.9
93 7
55.3
107.4
128.3
109.7
123.7
93 6
53.8
104.8
128.3
109.9
123.8
93 7
55.0
105.2
128.3
110.0
123.9
93 8
54.5
106.3
128.3
110.0
123.9
93 8
52.2
106.6
128.3
110 0
124.0
93 7
50.8
107. 0
128 3
109.9
124.1
93 8
49.2
108. 8
128.3
110 0
124. 2
94 0
49.4
108. 8
128.3
110 1
124.2
94 2
50 6
JOS. 8
128 3
110 2
124 4
94 5
52 0
108.8
128 3
Fuel, power, and lighting materials 9
do
Coal
do
Electric power
January 1958 = 100
Gas fuels
do
Petroleum and products
1947-49=100
115.0
124.6
100 9
113. 1
119.9
114.0
119.3
100 8
108. 6
119.4
113.4
118. 9
100 9
109 9
118.3
111.2
119.8
100 8
106. 8
115.0
111.1
121.1
100.8
105.8
114.8
112.2
122. 0
100 6
109.2
116. 2
111.9
1 23. 0
100 8
112.8
115.1
111.4
123.6
100 7
111. 1
114. 5
111.2
124.0
100 7
113 8
113.9
111.7
124 1
101 2
115 5
114 3
111.9
124. 1
101 3
116.6
114.4
112.0
124 1
101 8
114 5
114.6
123. 8
104.4
124.2
90.3
70.9
123. 5
104.4
124.2
89 8
70.1
123. 4
104.3
124. 1
87 7
70.1
123.3
103. 9
124.4
87 7
69.5
123.3
104.1
124.3
87 7
69.2
123.2
103.7
1?4 2
87 8
69.2
123.4
103. 3
124.7
87 7
69.0
123.5
103. 3
124.9
87 8
69. 1
Chemicals and allied products 9
Chemicals, industrial
_
Drugs and Pharmaceuticals
Fats and oils, inedible
Fertilizer materials
Prepared paint
_
_
123.4
123.5
Furniture, other household durables 9
do 123.5
123.6
105. 2
1 05. 2
105. 1
105. 2
Appliances, household
do
124. 1
123.4
Furniture, household. do
123.7
124.0
89.7
Radio receivers and phonographs
do
89 7
89.7
89 9
69.6
69.6
Television receivers
__
do_ 69.6
69.6
r
Revised.
1 Index based on 1935-39=100 is 210.2.
tRevisions for 1952-58 are on p. 24 of
taxes, and wage rates).
*New series; data prior to August 1958 are available upon request,
modities, see respective commodities.
©Goods to users, including raw foods and fuels.
r
112.3
124 0
101 8
r 115 g
115 0
1?3 7
103. 2
124 9
87 8
69. 1
112
119
101
115
115
2
2
8
9
4
123 5
103. 1
124 9
87 8
69 0
the November 1959 SURVEY.
§Ratio of prices received to prices paid (including interest,
9 Includes data not shown separately.
cfFor actual wholesale prices of individual com-
SURVEY OF CURRENT BUSINESS
May 1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-7
1960
1959
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
COMMODITY PRICES—Continued
WHOLESALE PRlCEScf— Continued
U. S. Department of Labor indexes— Con.
Commodities other than farm, etc. — Con.
Hides, skins, and leather products 9 -1947-49=100..
Footwear..
_
do
Hides and skins
do
Leather
_
do.
Lumber and wood products
do
Lumber
do
Machinery and motive products?
Agricultural machinery and equip
Construction machinery and equip §
Electrical machinery and equipment
Motor vehicles
108.5
123.6
87.7
103.6
124.2
125.5
117.8
128.2
108 5
120.4
126.3
126.8
118.5
129.5
98 6
124.5
128.2
128.9
118.9
130.2
106 7
120.1
128.9
130.4
119.3
130 6
107 7
118 7
128.3
129 9
119.7
132 3
106 9
117 3
128.5
130 3
119.1
132 3
102 4
117 1
127.2
129 3
116.2
133 5
87 5
112 2
126.2
127 9
133 8
67 2
103 8
124.3
125 8
in. 7
112.3
134. 1
73 8
103.5
124.8
125 9
112.7
134.2
73.7
105.5
125. 1
126.1
112.0
134.2
69.8
104.8
124.9
126.1
do.
do
do
do
do
152.2
143.1
171.7
153.1
143.2
152.1
143.0
171.8
153 0
143.2
152.5
143 5
171 7
154 1
143.2
153.0
143 5
171 7
154 2
143.2
153 6
143 4
171 8
156 1
143 2
153.8
143 4
172.0
155 8
143.2
153.9
143 5
172 4
156 1
143 2
153
143
172
156
141
7
4
5
1
9
153 6
143 9
172.9
156 1
141 6
153. 7
144 0
172 9
155 7
141 6
153.8
144.3
173.6
156. 0
141.6
153.9
145 3
173.9
156 0
141.6
do_
do
do
do. __
153.6
121.9
171.9
136.1
152.8
121.7
170.8
134.7
153.0
121.7
170. 4
136. 2
153.3
121.7
171.3
136.1
152 7
121.7
171 8
133.8
152.8
121.6
171.9
133.9
153 8
121.4
172 4
136. 1
154 5
121.5
173 1
137 2
155. 8
121. 5
173 6
141. 1
155 2
121. 6
172 2
140.7
155. 5
120. 9
172.4
142.2
155.3
120.3
171 6
142.1
do
... do
do
do
137.7
159. 9
129.3
133.1
138.3
160.0
129.4
133.1
138 4
160.1
129. 7
133.1
137 4
160.4
129.7
133.1
137 5
160 6
129.9
133 1
137 4
160 5
129.7
133 1
137 5
160 5
130.2
133. 1
137 5
160 4
130.3
133 1
137 7
160 6
130.3
133 1
137 8
160 7
130.4
133 1
138 4
161.3
130.5
133.1
138 2
161.5
131.1
133 1
___ do
do
do
do
132.0
142.1
146.0
151.9
132.2
143.3
146.7
151.9
132.0
143 3
148 0
151. 9
132.3
143 3
146 6
150.0
132 4
143 6
146 4
150.0
132 3
143 7
141 0
134.3
132.4
143 8
142 0
134.3
132 5
144 3
142 3
133.3
132.3
144 3
144 9
133.3
132 4
144 3
142 5
133. 3
133.7
144 5
143. 5
133.3
133 2
144 5
145 1
138.1
93.9
99.3
90.2
112.1
80.1
97.7
94.1
99.3
90.3
113.6
80.6
99.4
94.5
99.6
90.8
114.0
81.0
101.1
94.9
99.6
91.6
114.2
81.5
102.2
95 3
99.9
91 9
113.4
82 2
103.3
95 7
100.4
92 1
113.7
82 3
104.3
95 9
100. 6
92 6
113.2
82 1
104.7
95
100
93
114
81
104
9
6
0
2
0
1
96 3
100.9
94 0
117.4
81 4
103 7
96
100
95
121
81
104
7
9
0
7
3
2
96.6
100.8
95. 9
122.0
79 4
104. 0
132.1
121.7
134.8
97.0
117.2
132.2
121.7
134. 8
98.8
116.9
132.2
121.7
134. 8
95.2
117.0
132.2
121.7
134.8
91.0
117.0
132.2
121 8
134.8
92 9
117.5
131.9
121 0
134.8
92 0
117.7
131.8
120 9
134.8
88 6
117.7
131 7
120 7
134 8
91 8
117.7
131.7
120 7
134.8
93 7
117.7
131 7
120 7
134 8
94 o
118.0
83.6
80.8
83.3
80.7
83.4
80.6
83.5
80.3
83.7
80 1
84.0
80 1
83.5
79 9
84 0
79 7
84 1
79 6
_
Metals and metal products 9
Heating equipment
Iron and steel
Nonferrous metals
Nonmetallic minerals, structural 9
Clay products
__
Concrete products..
Gypsum products
Pulp, paper, and allied products
Paper
Rubber and products
Tires and tubes
Textile products and apparel 9
Apparel
__
Cotton products
Silk products
__ _
Manmade fiber textile products
Wool products
do
do. __
do
do...
do
do
_ _
Tobacco prod, and bottled beverages 9
Beverages, alcoholic
Cigarettes
_
__
Miscellaneous
Tovs, sporting goods
do
do
__do
do
do
111.8
134.2
72.0
102.8
124.5
125.9
112.3
133.7
73. 5
104. 7
124.2
125.5
153.9
145. 3
174. 3
155 8
141.6
154. 0
145 5
174.7
155 9
141.6
154.5
170. 5
140.3
154.4
120.2
170. 5
140.2
138 2
161. 5
131.0
133. 2
138 2
161. 5
131.0
133.2
133.1
!44 8
145.2
138.1
133.1
145 1
145.1
138.1
96 5
100.6
95 8
119. 5
79 8
103 2
96 3
100.7
95 6
116. 6
79 4
102 8
96 2
100. 6
94 9
118.0
79 5
102 7
131.7
120. 5
134.8
95 3
117.7
131.7
120 6
134 8
93 4
117.8
131. 7
120 6
134.8
94 0
117.8
131 7
120 6
134 8
95 4
118 3
84 1
79 7
83.8
79 7
i 83 8
i 79 Q
1
1
r
r
r
120.
r
r
1
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
Consumer prices
_._ 1947-49= 100.. _
do
83 3
i 79 6
83 3
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACED
New construction (unadjusted), total
.mil. of dol_.
3,840
4,284
4,755
5,160
5,258
5,265
5,102
4,880
4,421
4,075
3,686
' 3, 482
r
3, 696
4,009
do _
2,714
2,999
3,287
3 523
3 647
3 657
3 574
3 460
3 302
3 062
2 712
r 2 596
r 2 734
2 854
Residential (nonfarm) 9 —
__do
New dwelling units . .
do
Additions and alterations
do
Nonresidential buildings, except farm and public
utilitv, total 9
mil. of dol
Industrial
_
do
Commercial
do
Farm construction
_
._
do
Public utilitv
do
1. 562
1,230
276
1,799
1,370
372
1,972
1,473
438
2,096
1 583
448
2,151
1 625
458
2,134
1 622
441
2 105
1 619
416
2 036
1 565
403
1,904
1 457
378
1 718
1 322
324
1 476
1 140
266
r 1 348
r 1 023
r 057
r
r 1 H4
1 536
1 176
291
625
154
270
115
399
627
150
276
131
429
687
154
320
155
458
762
161
364
173
475
801
167
379
187
489
811
175
369
197
496
773
166
352
183
493
770
171
348
155
477
790
185
354
136
449
789
200
341
121
411
757
209
310
101
356
763
218
314
103
745
213
305
113
r 363
r 397
736
207
300
125
438
do
1,126
1,285
1 468
1 637
1 611
1 608
1 528
1 420
i 119
1 013
974
r 886
r 962
1 155
do
do
do
do
366
100
328
332
385
119
419
362
385
144
549
390
408
159
654
416
406
127
678
400
412
133
656
407
380
129
625
394
368
117
568
367
321
109
370
319
320
98
286
309
326
80
280
288
305
r 33J
363
r 56
r 60
250
265
r 275
do .
4,659
4,667
4,713
4 705
4 671
4 566
4 427
4 313
4 221
4 331
4 489
r 4 521
do
3 158
3 243
3 296
3 287
3 301
3 260
3 196
3 129
3 085
3 144
3 211
3 230
1,867
1,952
1,981
1,939
1,924
1,875
1,855
1,811
1,748
1,760
1,804
r 1, 779
685
156
305
136
454
688
153
311
138
451
716
157
334
141
445
742
163
344
145
447
764
170
351
148
449
772
175
347
152
444
734
168
329
153
436
718
169
318
155
423
731
180
317
158
424
769
196
331
161
428
797
203
345
137
445
833
218
363
133
do
1 501
1 424
1 417
1 418
1 370
1 306
1 231
1 184
1 136
1 187
1 278
do
do
do
394
133
596
388
143
517
382
144
513
381
139
511
379
113
514
372
113
475
345
102
443
338
95
418
330
105
381
347
111
359
95
381
4R3
Private, tota!9
-
Public, total
Nonresidential buildings
Military facilities
Highway,
__
Other types
New construction (seasonally adjusted), total
Private, total 9
Residential (nonfarm)
do
Nonresidential buildings, except farm and public
utilitv, total 9
mil. of do]
Industrial
do
Commercial _
_ _
_
do
Farm construction
do
Public utility ...
do
Public, total 9
Nonresidential buildings
Military facilities
Highway
r
. _ _
r 278
r 306*
390
327
4 437
4 363
r 3 166
3 087
' 1, 747
1,669
r
215
344
133
r 460
r 450
804
211
339
13°
462
r i 2Q1
r 1 271
1 97fi
371
r 357
qcc
r 77
r §0
481
90
489
4S1
Revised.
Indexes based on 1935-39=100 are as follows: Measured by—wholesale prices, 43.9 (February); 43.6 (March and April); consumer prices, 47.6 (February and March)
cTSee corresponding note on p. S-6.
9 Includes data not shown separately.
§Revised beginning with data for September 1955; unpublished revisions (prior to November 1958) will be shown later.
^Revisions for January-September 1958 are shown in the November 1959 issue of "Construction Activity" report of Bureau of the Census.
1
1 460
813
SUEVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
May 1960
1960
1959
March
April
May
June
July
DecemOctober NovemAugust September
ber
ber
January
February
March
April
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION CONTRACTS
Construction contracts in 48 States (F.W. Dodge Corp.) :
Valuation, total
mil. of dol
Public ownership
Private ownership .__
By type of building:
Nonresidential
Residential
Public works
Utilities
do
..do _
.
do
do
do
do
Engineering construction:
Contract awards (ENR)§ _ _
3,340
3,778
3,542
3,659
3,657
3,084
3,058
3, 135
2,373
2,224
2,193
2,240
3,046
869
1. 094
2,447
1 167
2, 4Q2
1 186
2,470
850
2,234
840
711
797
702
2,218
914
2,220
701
2,471
1 207
2,571
1,672
1,513
1, 400
1, 537
1 075
1,971
913
1. 187
1 831
1, 072
1, 677
1, 055
1. 762
1,191
1 690
1, 006
1 466
1,003
1 515
801
1 551
1,092
631
144
458
114
379
207
455
161
394
86
790
993
383
58
801
927
353
111
698
988
413
141
1, 541
478
408
-do_
1, 644
Highway concrete pavement contract awards: cf
Total
thous of sq yd
Airports
do
Roads
do
Street^ and alleys
do
632
161
638
122
604
238
961
1,905
1,967
1, 877
2,482
1,495
1,538
'
1,494
1,458
1,590
i 1 , 265
6 703
5 315
390
2,902
2,023
6,900
372
2, 553
3, 975
7 410
1,069
4,791
1 550
2. 001
76.3
r
r
83.0
58.9
75.0
53.1
1.8
.7
1.3
••74.2
'51.9
r
2.3
1, 180. 0
1,210.0
1, 330. 0
1, 216. 0
1,115.0
88.9
86.0
66.5
69 7
68.1
51.3
07.1
66.0
48.5
57.7
57.0
41.7
60 6
60.5
45 7
9,338
10, 222
1,088
5, 792
3,342
11 734
5, 015
3. 515
977
6,642
4, 116
6 971
464
2,469
4,039
283
3,000
3 420
4 604
2 -213
2, 565
2,252
121.0
142.2
137.0
136.7
128.8
129. 3
120.3
105.5
92.5
83.7
.do
_ __do
do
118.1
80.2
137.4
93.3
133.5
91.8
131.1
90.5
127.2
87.3
125.1
84.1
116.9
80.4
102.2
73.9
90.7
63.9
1.6
4.2
3.4
3.3
do
1, 403. 0
1, 434. 0
1, 370. 0 1, 368. 0 1,375.0
1, 340. 0
1,323.0
109.6
108.4
81.4
122.9
119.1
88.4
112.9
109.4
85.2
102.9
102.1
80.6
4.4
97.4
96.7
76.4
95 8
92.8
71 7
19.7
809
1
1,402
5, 267
2 145
9 171
5, 115
3,207
848
566
120
5 961
223
4,370
1,369
7,255
4, 333
1,941
981
1
1,067
1 294
1
2, 005
7 826
415
NEW DWELLING UNITS
New permanent nonfarm dwelling units started:
Unadjusted:
Total, privately and publicly owned. _ _ thousands..
Privately owned, total
In metropolitan areas
Publicly owned. ._
Seasonally adjusted at annual rate:
Privately owned, total
2.9
Residential construction authorized, all permit-issuing
places:
New dwelling units, total
thousands
Privately financed, total
do
Units in 1-family structures
do
Units in 2-family structures
do
Units in multifamilv structures
do
Publicly financed, total
do
5.5
21.5
1.2
4.8
3.5
113.6
110.6
84.1
5.3
4.8
25.3
21.7
3.8
2.9
5.6
76. 5
4.1
3.7
3.9
4.3
3.2
2.9
2.8
17.4
16.6
15 3
13.5
12.5
11 9
.8
.7
17 2
14.6
3.5
3.0
2.9
1.6
1.1
.7
.2
T
97. 8
110.4
••94.7
'62.2
r
3. 1
108.9
69.5
1.5
1.125.0
1,135.0
2.9
CONSTRUCTION COST INDEXES
Department of Commerce composite!
1947-49—100
American Appraisal Co., The:
Average, 30 cities
1913=100
Atlanta
_ __
do
New York
do
San Francisco .
do
St. Louis
__
_.
.do _.
Associated General Contractors (all types)
do
E. H. Boeckh and Associates:!
Average, 20 cities:
Apartments, hotels, and office buildings:
Brick and concrete
U.S. avg. 1926-29=100..
Brick and steel.
.do
Brick and wood
_
do
Commercial and factory buildings:
Brick and concrete
_ _
.do ._
Brick and steel
do
Brick and wood _ _
do
Frame
do
Steel ..
_ _ _ _ _
.do .
Residences:
Brick
„
.do .
Frame . . . . .
-do
Engineering News-Record:©
Building
1P47-49-100
Construction
do
Bu. of Public Roads— Highway construction:
Composite standard mile (avg for qtr ) 1946—100
T
140
140
141
142
142
142
142
142
143
144
142
r 143
143
694
768
753
641
672
507
696
768
753
644
672
509
703
771
754
658
688
511
705
771
755
658
688
516
707
771
769
658
689
522
709
771
769
659
690
522
709
772
776
660
689
525
712
778
778
669
690
526
713
779
778
669
690
526
714
779
778
670
690
520
714
779
778
670
691
527
715
787
778
674
691
527
716
787
778
674
691
529
717
789
778
674
693
529
301.4
292.2
289.5
302.8
293.5
290.9
304. T
295.2
292.3
307.6
297.5
294.3
308.4
298.2
295.0
308.9
298.6
295.3
309.2
298.8
295.5
309.1
298.8
295.4
309.6
299.2
295.9
310.1
300.3
296.3
310.5
300. 6
296.5
312.2
302.6
298.1
311.4
301.6
297.6
312.0
302.0
298.0
313.0
311.0
289.7
286.0
296.1
314.7
313.0
290.8
287.7
298.6
316.7
314. 7
292.3
289.1
299.9
319.7
317.3
294.1
291.1
301. 7
320.5
318.0
294.7
291.8
302.2
321.0
318.4
295.0
292. 0
302. 5
321.2
318.6
295.1
292.2
302.6
321.2
318.6
295. 0
292.2
302. 6
321.6
319.0
295. 5
292.6
302.9
322.2
319. 6
290. 1
293.2
303. 8
322.7
320.0
290. 3
293. 0
304.0
324.0
321.5
298. 4
294.6
305. 1
323.5
320 9
297.8
294. 1
304.6
324.1
321.4
298.2
294.6
304.9
290.2
280.4
291.6
282.0
293.1
283.3
295.0
285.0
295.6
285.0
296.0
285.9
296 2
286.1
296.2
286. 1
296.6
286. 5
297. 3
287. 2
297. 0
287. 5
299.1
288.8
298.6
288 2
299.0
288.7
160.6
173.2
161.0
174.5
162. 2
175.5
163.2
178.1
163.9
179.1
164 4
179.4
164 3
179.1
163.9
178.8
163 5
178.5
104 0
179.3
164.3
179.4
164.2
179.6
164 2
179 6
164.9
181.0
137.1
140.8
138 2
137 3
134 4
CONSTRUCTION MATERIALS
Output index, composite, unadj 9 ©
1947-49—100
Seasonally ad justed 9 ©
do
Iron and steel products, unadi
do
Lumber and wood products, unadj.®
.do _
Portland cement, unadj
do
3r
r
138. 2
3 143. 4
140.0
3 r 133. 2
145. 5
r
150. 6
* 148. 1
160.8
r
144. 5
174.0
T
r
152. 7
142. 6
162. 1
* 143. 3
200.0
«• 162. 4
r
r
132.8
119.6
73.9
144.3
208.2
131 7
125.2
64 1
146. 0
195.0
132.8
116.7
65.3
150.8
186.2
118 0
123.7
87.7
130.4
156.1
124 4
144.5
125.4
130.2
144.2
523, 850
227, 297
503, 596
202, 142
510, 029
220, 711
523, 314
237, 577
447. 928
219, 605
191.2
r 146. 2
200.1
137. 3
141.8
106.1
' 136.8
204. 5
520, 515
221, 169
r 151.7
119 6
128. 1
125.6
111.7
134.4
96.2
450, 999
241, 176
417, 016
195, 331
367, 646
169, 641
1,740
1,628
r 127. 8
REAL ESTATE
Home mortgages insured or guaranteed byFed. Hous. A dm.: Face amount
thous. of dol_. 529, 826
260, 493
Vet. A dm.: Face amount.. _
do
Federal Home Loan Banks, outstanding advances to
1,087
member institutions _ _ _ _ _
_
mil. o f d o l
New mortgage loans of all savings and loan associa1,257
tions, estimated total.
_
mil. of dol
By purpose of loan:
439
Home construction,
__do_ _
515
Home purchase
do
All other purposes . __ _
_
__do_ .
303
New nonfarm mortgages recorded ($20,000 and under),
2,586
estimated total
_
_
mil. of dol.
3,933
Nonfarm foreclosures
__
..number..
99, 610
Fire losses
_
thous. of dol
490, 161
230, 597
477. 597
211, 489
1,183
1,246
1,537
1,557
1,665
1,795
1, 916
1,963
2,134
1,359
1,434
1,555
1,529
1,421
1,374
1,329
1,086
1,094
r
881
T
480
562
317
522
601
311
554
674
327
520
695
315
472
662
287
450
645
278
465
590
274
373
486
227
377
465
252
r
292
386
203
r
2,776
3,841
90,689
2,768
3,876
81, 597
2,974
3,646
77, 867
3.100
3,768
82. 334
2,871
3,494
74, 660
2,834
3,421
83, 027
2,799
3, 583
71, 160
2,442
3 378
78, 582
2,487
3,727
96, 444
360, 916
173 143
992
344
413
r
235
2,079
2, 149
2 406
92 949
96 782
116 365
r
2
3
Revised.
1 Beginning 1900, includes contracts in Alaska and Hawaii.
Negative figure due to termination of contract reflected in earlier data.
Revisions for January and
February 1959 for construction materials output index: Composite-unadjusted, 115.8; 114.7; seasonally adjusted, 123.7; 130.1; lumber and wood products, 122.7; 120.1.
§Data for April, July, October, and December 1959 and March 1960 are for 5 weeks; other months, 4 weeks.
cf Data for April, July, September, and December 1959 and March 1960 are for 5 weeks; other months, 4 weeks.
JMinor revisions prior to 1958 are available upon request.
^Copyrighted data; see last paragraph of headnote, p. S-l.
QData reported at the beginning of each month are shown here
for the previous month.
9Includes data for items not shown separately.
©Revisions for 1955-58 for the composite index of construction materials output and for lumber and wood
products are in the September 1959 SURVEY (p. 20) and the February 1960 SURVEY (bottom p. S-8).
SUEVEY OF CUREENT BUSINESS
May 1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-9
1959
March
April
May
June
July
1980
DecemAugust SeptemOctober November
ber
ber
January
February
April
March
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, seas, adjusted:
Combined index
1947-49=100
Business papers _ _ _ _
do .
Magazines
do
219
232
157
230
232
164
226
243
165
225
235
171
233
226
185
222
235
175
230
241
173
242
242
195
224
244
184
230
235
180
227
226
182
239
246
189
181
127
28
474
205
157
36
467
198
165
30
458
200
156
27
471
217
159
24
474
208
165
19
437
216
149
20
462
213
188
24
484
167
158
21
492
206
121
25
487
202
148
21
471
207
164
26
495
55, 559
4,009
15, 468
11,643
52, 126
4,154
13, 874
9,999
51,919
3,987
14. 470
9, 853
48, 086
3,406
14, 415
9, 353
47, 544
3,000
13, 931
9,601
46, 641
3,271
13, 404
8 971
48, 269
3,107
13, 525
8,679
59, 031
5 407
16, 525
11 921
58, 506
4 978
15, 786
11 025
58, 669
3 874
16, 631
12 126
do
_ _ do
do
6,123
7, 025
11,290
6,019
6, 059
12, 022
5, 459
6,138
12, 013
5,323
5,829
9, 759
5, 597
6,189
9,226
5,153
6,352
9 490
5, 622
5,996
11,339
6 Oil
6,020
13 147
5, 364
6,108
15 245
5 595
6,416
14, 028
do
do
do
do
151,414
1,816
32, 024
52, 376
158, 904
5,744
26 491
51,023
129 553
5,177
26 534
36, 078
_ do
do
_ do
20, 888
7,191
37, 119
23, 322
7 770
44, 554
19, 324
7 506
34, 934
do
_ _ _ _ _ do
do
do
do
do
70, 080
4,888
7,428
3, 317
6,723
9,145
73, 862
5,244
7,973
4,635
6,038
8,042
73, 922
5,042
8,437
3,724
6,501
8,316
66, 405
2,669
7, 645
3,423
7 351
9,128
46 054
683
4,870
1,674
5 566
7,926
51 025
4,483
4 250
1,404
5 157
8 292
69 709
7,482
3 828
4 778
6 325
7 782
90 211
5, 846
12 806
3 603
7 839
11 036
86
5
9
2
8
11
117
424
483
514
235
807
60 820
3 444
4 332
1 101
6 147
8 905
44 468
1,786
5 067
1,145
4 314
6 918
69
3
7
2
6
10
130
201
877
411
392
973
78, 529
5,532
8,332
4,2.54
6 587
11,608
4,326
5,306
3, 816
1, 322
2,426
21, 384
3,931
7,674
4,409
1,392
2,082
22, 441
4,195
7,797
4,690
1,040
2,366
21, 809
4,224
5,963
4.423
1, 002
2,546
18, 031
3,587
3 014
3,675
608
1,882
12, 569
3,127
3 554
3,539
479
2,448
14, 292
4 135
6 002
4 826
691
2 518
21, 343
5, 523
9 014
5,977
1, 075
2 354
25, 138
6,014
7 655
5,733
942
2 237
26, 074
7,515
5 010
3,794
547
2,365
17, 661
1,893
2 153
2 748
547
1,592
16, 303
3 808
4 238
4,252
877
2,608
22, 494
3,866
6,166
4,497
863
1,978
24, 848
Newspapers
_ _ _
Outdoor
Radio (network)
_ _
Television (network)
do
do
_
do
1950-52=100-
Television advertising:
Network:
Gross time costs, total. _ _ _.._ _ __thous.
Automotive, including accessories
Druas and toiletries
_
Foods soft drinks, confectionery
Soaps, cleansers, etc
Smoking materials
All other
Spot (national and regional):
Gross time costs quarterly total
Automotive, including accessories
Drugs and toiletries
Foods, ^oft drinks, confectionery
Soaps, cleansers, etc
Smoking materials
All other
_
_ _
Magazine advertising:
Cost total
Apparel a n d accessories
Automotive incl accessories
Building materials
Dru^s and toiletries
Foods soft drinks confectionery
Beer, wine liquors
Household equip supplies furnishings
Industrial materials
Soaps, cleansers, etc
_ _ _
Smoking materials
All other
_
Linage, total
_
of dol
do
do _
do
do
do
do
do_ _
do
do _
Automotive
Financial
General
Retail
57, 718
4 424
17 276
11 826
55
4
16
11
r 5 329
7,302
5 689
6 135
11 052
r H
061
599
495
875
354
732
435
542
440
18 318
9 023
43 974
5,320
5,278
4,747
4,067
3,420
4,603
5 434
5,792
5,244
4,061
4,283
5,010
5,550
236, 459
do
59, 326
do
do _. 177, 134
255, 002
63, 152
191, 850
263, 826
68, 279
195, 547
236, 972
63, 289
173, 682
220, 351
63, 390
156, 961
234 381
67, 880
166, 501
246 914
64 199
182, 715
271 255
64 780
206, 474
259 509
59, 382
200, 127
250 948
51,416
199, 532
212 027
60 047
151, 980
209 661
58 100
151, 561
243 585
61 127
182 458
12, 150
4,801
30, 720
129, 463
15,710
4,783
35, 590
135, 767
16, 603
4,091
35, 738
139, 115
15, 514
5,212
31 373
121, 584
14, 398
5,035
25 831
111, 698
12 959
3,399
24 390
125, 754
12
4
32
134
18
4
38
144
9 757
4,286
32 9^7
153, 158
9 310
4,985
26 533
158 703
10 590
6,420
21 838
113 132
12 187
3 847
25 833
109 694
14
4
30
133
_ _ _ _ _ _ _ thous. o f lines -
Newspaper advertising linage (52 cities) , total
Classified
Display, total
165
5
34
54
r
r
do
do
do
do
245
014
411
045
409
780
403
882
097
753
496
112
PERSONAL CONSUMPTION EXPENDITURES
Seasonally adjusted quarterly totals at annual rates:
Goods and services, total
bil of dol
303.9
311.2
313 3
317.0
321 1
41.3
17.2
17.7
44.1
18 8
18.8
43 6
18 2
18 9
42.8
17 2
18 8
43 7
18 2
18 7
_ _ _ do _ _
do
_ _ _ _ do
do
145.3
26.7
77.8
11.0
147.7
27.8
79.0
11.1
148.0
27 8
78.8
11 3
150. 1
28 3
79.5
11 4
151 1
28 3
80 1
11 5
do
do
do
-do_ ..
117.4
17.3
39.6
9.3
119.4
17.6
40.3
9.3
121 6
17.8
41 0
9.5
124.1
18.1
41 8
9.6
126
18
42
9
mil. of doL.
17, 190
Durable goods, total 9
Automobiles and parts
Furniture and household equipment
Nondurable goods, total 9
Clothing and shoes
Food and alcoholic beverages
Gasoline and oil
Services, total 9
Household operation
Housing
Transportation
_
do _
do •
do
3
4
5
7
RETAIL TRADE
All retail stores:
Estimated sales (unadjusted), total
17, 589
18, 600
18, 708
18, 332
18, 054
17, 570
19, 095
17, 635
21, 454
1 16, 312
r
1
15, 829
Durable goods stores 9
do
Automotive group
_
do _
M^otor- vehicle other automotive dealers do
Tire battery accessory dealers
do
5,831
3,464
3 283
181
6,208
3,566
3 349
217
6.435
3, 696
3 472
224
6,826
3,880
3 641
239
6,419
3,579
3 343
236
6 240
3,410
3 178
232
5 708
2,878
2 668
210
6 420
3,520
3 293
227
5 502
2, 807
2 596
211
6,025
2,723
2 456
267
Furniture and appliance group
do _
Furniture homefurnishings stores
do
Household-appliance, TV, radio stores do _
808
521
287
839
555
284
899
585
314
978
619
359
916
574
342
942
596
346
921
573
348
988
623
365
992
634
358
1,229
748
481
781
485
296
T
r
Lumber, building, hardware group
Lumber building-materials dealers
Hardware stores
844
651
193
1,041
796
245
1,093
830
263
1,138
876
262
1,135
895
240
1,092
863
229
1,093
866
227
1,104
861
243
955
736
219
981
692
289
699
524
175
'720
' 542
r
178
11,359
11,814
11, 381
11,882
12, 165
11,913
Nondurable goods stores 9
do
925
1,101
996
1,128
1,077
958
Apparel group
_ do _
179
172
171
213
226
184
Men's and boys' wear stores
_ _ _ _ do _ _
378
455
417
461
356
410
Women's apparel, accessory stores
do
242
214
230
257
218
246
Family and other apparel stores _ _ _ _ _ do
182
199
218
208
178
171
Shoe stores
do
r
}
2
Revised.
Beginning January 1960, data for Alaska and Hawaii are included.
Advance estimate.
11, 862
1,120
190
428
275
227
12, 675
1,198
220
471
298
209
12 133
1 170
237
451
294
188
15, 429
1,975
432
776
497
270
do _
do
do
9 Includes data not shown separately.
11, 215
931
199
363
203
166
r
T
r 5 232
' 3, 129
r 2 964
165
5 097
3,025
2 856
'l69
1
2
' 17, 463 19,231
r
797
509
"•288
T
10 597
r792
r
153
'320
'178
r 141
2
2
5 845
3, 594
3 410
'l84
6, 363
3, 705
2
815
520
295
841
779
576
203
T
11 618
'944
161
380
227
176
2
12 868
1, 374
2
SUEVEY OF CURKENT BUSINESS
S-10
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
May 1960
1959
March
April
May
June
July
1960
August
SeptemDecemOctober November
ber
ber
January
February
March
'604
T- 4, 079
7- 3, 634
7- 1, 286
7-606
7-1,215
7- 4, 398
7- 3, 926
7- 1, 382
1602
1,271
4,662
4,173
1,472
2,075
1,213
April
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All retail stores— Continued
Estimated sales (unadjusted)— Continued
Nondurable goods stores— Continued
Drug and proprietary stores
mil.
Eating and drinking places -_
__
Food group
Grocery stores
Gasoline service stations
of dol__
do _
do
do
do
580
1,157
4,108
3,658
1, 318
559
1,215
4,157
3,714
1, 348
591
1,336
4,437
3,966
1,427
582
1,372
4,271
3,797
1,450
579
1,457
4,481
3,999
1,516
587
1,458
4.295
3,823
1,504
591
1,378
4, 215
3,746
1,419
608
1,374
4,594
4,115
1,462
575
1,276
4,173
3,708
1,433
783
1,350
4,698
4,158
1,437
620
1,219
4,319
3,853
1,356
do
do
do
do
do
1,733
986
134
300
356
1,774
1,044
132
262
345
1,892
1,096
137
299
382
1,879
1,107
126
301
373
1,701
970
120
287
403
1,843
1,057
138
304
396
1,917
1,126
147
306
385
2,107
1,255
159
327
410
2,190
1,302
203
327
397
3,552
2. 056
260
682
604
1,492
866
111
230
353
'1,433
••809
122
r245
r347
7- 1, 679
7-974
143
262
364
Estimated sales (seasonally adjusted), total. .do
17, 914
17, 953
18,222
18, 189
18, 296
18, 110
17,784
18, 341
17, 842
17, 485
2 18, 090
r 18, 100
7- 18, 274
Durable goods stores 9
do
Automotive group
_
_
do _
Motor-vehicle, other automotive dealers. do
Tire, battery, accessory dealers
do _
6,045
3,340
3, 128
212
6,137
3,396
3, 175
221
6,099
3,375
3,155
220
6,162
3,476
3,268
208
6,160
3,454
3,249
205
6, 095
3,350
3,135
215
5, 773
3, 105
2. 894
211
6,360
3,690
3,475
215
5,682
2.961
2, 740
221
5,328
2,667
2,457
210
2 5, 891
3, 230
3,003
227
6, 040
r 3, 398
'217
3,466
3,258
208
Furniture and appliance group
_ _ _ _ do _
Furniture, hornefurnishings stores
do
Household-appliance, TV, radio stores. -do
902
570
332
918
600
318
940
599
341
936
603
333
929
589
340
952
593
359
928
586
342
924
578
346
935
588
347
903
570
333
916
572
344
7-917
7- 581
'336
876
549
327
1,011
782
229
1,047
799
248
1,034
787
247
991
756
235
1,009
780
229
988
758
230
964
745
219
951
728
223
971
755
216
988
773
215
967
727
240
r 1, 003
7- 762
7-241
901
668
233
11, 869
1, 106
201
447
261
197
11,816
1,059
203
427
241
188
12, 123
1,154
228
454
273
199
12, 027
1,100
217
435
260
188
12, 136
1,134
225
441
268
200
12, 015
1,096
217
437
257
185
12,011
1,111
213
435
260
203
11,981
1,080
203
433
252
192
12, 160
1,119
215
439
268
197
12, 157
1,150
219
454
277
200
2 12, 199
1,164
230
451
271
212
7- 12, 060
7- 1, 119
7-215
7-436
7-264
204
7- 12, 323
1,134
218
429
281
206
592
1,240
4,320
3,848
1,376
579
1,283
4,292
3, 836
1,381
592
1,304
4,342
3,875
1,386
596
1,312
4,300
3,833
1,388
592
1,324
4,289
3,815
1,404
600
1,295
4, 305
3,834
1,392
618
1, 319
4,267
3, 7C8
1,411
609
1,335
4,294
3,828
1, 435
607
1,306
4, 390
3, 916
1,438
612
1,351
4,363
3,886
1,423
627
1,332
4,395
3,912
1, 449
627
1,297
4,412
3,933
1,423
614
1,314
4,529
4,039
1,447
1,883
1,078
143
320
400
1,935
1,110
149
307
388
2,000
1,146
152
330
388
1,961
1,151
136
322
410
2,030
1,186
146
337
411
1,989
1,183
150
315
398
1, 958
1,142
149
323
395
1,940
1,139
149
312
388
1,966
1,141
157
332
401
1,991
1,157
154
327
386
1, 967
1, 155
146
320
393
1,901
1,088
147
7-330
7-403
1,943
1,114
156
327
401
do_._
do
do
24, 680
11, 590
13, 090
25, 270
11,930
13, 340
25, 010
11, 940
13, 070
24, 640
11, 830
12,810
24, 640
11,870
12, 770
24, 520
11,370
13, 150
24, 270
10, 660
13, 610
25, 130
11,130
14, 000
25, 190
10, 950
14, 240
23, 370
10, 660
12, 710
7- 23, 660
11, 180
7- 12, 480
24, 610
11, 790
12, 820
25, 800
12, 260
13, 540
do
do
do
do
do
24, 150
11, 120
4, 580
1,940
2,220
24, 460
11,290
4,760
1,920
2,230
24, 510
11, 450
4,920
1,940
2, 240
24, 800
11, 660
5,060
1,960
2,260
25, 090
11, 900
5,240
1,990
2,300
24, 800
11,620
4, 930
2,010
2,300
24, 770
11, 500
4,830
2,000
2,290
24, 710
11, 590
4,960
1,990
2,290
24, 230
11,010
4,380
2,010
2,290
24, 310
10. 980
4,260
2,010
2,330
r 24, 490
11, 260
4,540
1,990
2,350
24, 760
11, 590
7- 4, 870
2,020
2,340
25, 100
11, 670
4,970
2,010
2,310
do
do
do
do
13,030
2,660
2,890
4,030
13, 170
2,720
2,920
4,060
13, 060
2,690
2,930
4,040
13, 140
2,720
2,920
4,120
13, 190
2,720
2,960
4,150
13, 180
2,740
2,940
4,170
13, 270
2,760
2,940
4,220
13, 120
2,700
2, 920
4,130
13,220
2,730
2, 920
4,200
13, 330
2,780
2,940
4,280
7- 13, 240
2,740
2,960
r
4, 250
r 13, 180
73,430
2,790
3,040
4,210
do
4,181
4,181
4,504
4,398
4,316
4,298
4, 371
4,836
4,559
6,249
7-2 3, 987
7- 3, 817
4,283
do
3,626
3,643
3,932
3,832
3,778
3,777
3,833
4,243
3,995
5,480
2 3, 468
3,289
3,687
278
18
114
92
224
16
97
70
259
20
113
82
256
20
106
82
207
16
89
68
215
14
97
67
267
16
111
90
273
20
114
82
269
23
113
76
461
42
205
122
191
16
75
64
169
12
70
56
219
15
91
70
98
75
39
92
76
41
99
80
39
99
83
39
100
88
36
98
87
39
99
84
38
101
83
39
98
76
41
160
81
44
101
76
25
96
73
34
99
78
38
1,063
614
233
1,542
59
69
1,088
673
201
1,565
70
82
1,165
705
231
1,697
76
89
1,174
720
235
1,572
82
89
1,063
636
221
1,679
82
88
1,164
687
236
1,580
81
86
1,199
721
234
1, 562
80
78
1,318
799
252
1,807
77
88
1,370
809
256
1,558
65
78
2,220
1,241
533
1,794
58
106
903
543
174
1,670
46
63
870
502
188
1,553
46
62
1,035
616
204
1,690
51
69
3,805
3,815
3,935
3,897
3,984
3,972
3,929
3,921
3,934
3,939
«• 2 3, 992
7- 3, 893
3,937
234
18
103
69
General merchandise group 9
Department stores, excl. mail-order .
Mail-order (catalog sales)
Variety stores
_
Liquor stores
Lumber, building, hardware group
Lumber, building-materials dealers
Hardware stores,
__
Nondurable goods stores 9
Apparel group
Men's and boys' wear stores _ _
Women's apparel, accessory stores
Family and other apparel stores _
Shoe stores
Drug and proprietary stores
Eating and drinking places
Food group
_ ___
Grocery stores
Gasoline service stations
do
do
do
_.do__ .
do
do..
do
do _
do
_
do
do
do
do
do
General merchandise group 9
--- do..
Department stores, excl. mail-order
do
Mail-order (catalog sales)
do _
Variety stores
do
Liquor stores.
___
do_._
Estimated inventories, end of month:
Book value (unadjusted), total
Durable goods stores
Nondurable goods stores ._
Book value (seas, adj.), total
Durable goods stores 9
Automotive group.
Furniture and appliance group.
Lumber, building, hardware group ._
Nondurable goods stores9
Apparel group
__
Food group
General merchandise group.. .
Firms with 4 or more stores:
Estimated sales (unadjusted), total
Firms with 11 or more stores:
Estimated sales (unadjusted), total 9
__
_
Apparel group 9
Men'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 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
Estimated sales (seas, adj.), total 9
do
r 1, 141
r
r 3, 181
2,720
7- 2, 980
7- 4, 190
do
do...
do
do
251
18
106
81
232
17
102
70
256
20
109
78
253
20
108
75
266
22
109
81
254
20
107
74
259
19
110
81
248
18
106
78
258
19
108
82
267
20
116
81
'269
112
88
7-260
19
7-108
84
Drug and proprietary stores
_
Eating and drinking places
Furniture, homefurnishings stores.- _ __
do _
do
do _ _
101
77
41
96
78
42
101
79
40
101
80
40
102
83
39
103
81
39
103
81
39
101
79
34
104
79
37
108
78
37
108
83
31
105
81
7-37
102
80
38
General merchandise group 9-Department stores, excl. mail-order
Variety stores
_
Grocery stores _
Lumber, building-materials dealers
Tire, battery, accessory stores
do
do __
do
do _ _ _
do
-do
1,154
671
248
1,607
70
81
1,198
716
236
1,602
70
83
1,249
737
260
1,629
71
83
1,233
748
253
1,610
72
77
1,289
778
261
1,619
72
80
1,273
778
247
1,635
71
82
1,211
717
248
1,649
68
82
1,214
726
244
1,654
66
86
1,209
709
251
1,652
67
83
1,205
698
252
1,651
68
80
r 1, 220
7- 1, 166
675
253
1,664
7-64
81
1,212
704
255
1,710
59
80
r
Revised.
1 Advance estimate.
2
Beginning January 1960, data for Alaska and Hawaii are included.
9 Includes data not shown separately.
724
246
1,688
65
84
18, 892
16,300
r 5, 951
Apparel group 9
Men's and boys' wear stores
Women's apparel, accessory stores
Shoe stores
r21
1
1
12, 592
May I960
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-ll
1959
March
April
May
June
July
1960
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Department stores:
Accounts receivable, end of month :t
Charge accounts
1947-49—100
Installment accounts
- do
Ratio of collections to accounts receivable:
Charge accounts
.percent-Installment accounts
do ..__
Sales by type of payment:
Cash sales
percent of total sales _
Charge account sales
do
Installment sales
_ _ _ _ _ _ _ _ do
Sales unadjusted total U.S
- -
Atlanta
Boston
Chicago
Cleveland
Dallas
Kansas City
_
Atlanta
Boston
Chicago
Cleveland
Dallas
Kansas City
__ _
Minneapolis
New York
Philadelphia
Richmond
St Louis
San Francisco
_
Stocks, total U.S., end of month:f
Unadjusted
Seasonally adjusted
155
368
145
363
146
371
157
380
168
388
186
405
249
458
214
463
178
449
161
438
48
16
47
15
47
15
49
16
47
15
46
15
47
15
48
15
48
15
47
15
45
14
45
14
48
16
43
43
14
43
43
14
43
43
14
44
41
15
44
41
15
44
41
15
42
43
15
42
43
15
43
42
15
44
42
14
43
41
16
42
43
15
r p H6
P 148
•P 95
P log
v 113
P 143
P 119
125
130
141
137
121
132
145
150
176
260
111
134
165
114
123
123
157
141
175
124
134
132
172
154
162
118
130
127
160
147
157
95
111
115
155
135
177
103
124
126
176
156
173
132
138
135
160
155
186
131
142
139
177
162
217
154
164
170
208
179
325
251
233
252
291
r 266
139
99
101
105
135
115
137
93
95
105
122
105
119
112
124
138
128
132
122
116
128
139
129
138
127
126
138
156
149
146
135
125
132
146
130
151
107
100
108
129
120
143
131
102
112
138
138
157
146
132
140
156
144
154
150
141
144
166
151
154
147
170
183
190
177
180
230
245
257
290
250
281
98
108
108
112
111
121
r 100
do
' 139
141
144
144
150
149
143
144
145
148
145
140
r p 140
do __
do
do
do
dodo _
' 165
116
129
128
175
120
130
132
169
150
182
124
135
136
173
158
186
118
133
135
176
154
190
133
140
142
174
154
196
132
139
143
189
163
1*0
124
132
135
167
154
178
130
135
135
170
156
187
127
134
138
182
155
188
138
137
144
168
154
178
126
132
139
171
153
167
124
127
136
157
144
•p 160
p 118
pl31
p 139
p 166
p 145
127
126
142
156
138
153
131
130
139
158
148
154
139
128
140
157
140
161
134
138
148
161
146
161
139
133
135
161
154
162
137
129
137
149
146
154
130
133
141
158
148
153
128
133
140
153
149
156
138
138
140
158
143
158
133
135
146
159
150
153
132
130
143
'146
>-131
p 133
p 127
pl33
p 137
pl26
p 160
r 149
158
151
153
151
148
156
148
159
156
160
168
161
177
158
182
160
146
161
144
161
bil. of dol
do
do
11.9
4.5
7.5
12.2
4.7
7.6
12.3
4.8
7.5
12.8
5.1
7.7
12.7
4.9
7.8
12.2
4.7
7.5
13.0
4.9
8.1
13.0
4.8
8.1
12.5
4.6
7.9
13.0
4.6
8.4
11.3
4.1
7.2
11.4
12.3
4.4
7.9
do
do
-do -
12.0
6.5
5.6
12.0
6.5
5.5
12.2
6.6
5.6
12.4
6.7
5.7
12.4
6.7
5.7
12.4
6.6
5.9
12.6
6. 5
6.1
12.8
6.5
6.3
12.9
6.4
6.4
12.6
6.4
6.2
12.7
6.5
6.2
12.7
6.7
6.0
12.9
6.9
6.0
178, 252
178, 522
178,782
179, 017
179,245
179, 452
179 647
123 659
123, 785
123, 908
124, 034
r
do
do _
do
do _
do
do
-
Sales seasonally adjusted, total U.S
158
366
165
103
114
117
1947-49=100
_
156
367
42
42
16
r log
_-
Minneapolis
New York
Philadelphia
Richmond
St Louis
San Francisco
158
373
r 152
do
_do_ _ _
do
do _
do
do__
rl67
156
do
_ do
-_ - do _ _
do
__do_do
r 142
123
'132
146
144
r 156
153
do _ _
do
r
p
p
P
p
P
p
102
102
105
102
121
^158
106
108
113
114
no
126
P 151
p 163
p 159
'152
r
p 149
159
WHOLESALE TRADE
Sales estimated (unadj ) total
Durable goods establishments _ _
Nondurable goods establishments
Inventories estimated (unadj ) total
Durable goods establishments
Nondurable goods establishments
4.2
7.2
EMPLOYMENT AND POPULATION
POPULATION
Population, United States:
Total incl armed forces overseas §
thousands
1
176,188
1
176,421
1
176,639 ^76,865 !177,103
J
122, 945
123, 059
123, 180
123, 549
177,374
1
179, 864
EMPLOYMENT
Noninstitutional population, estimated number 14
years of age and over totalcf
thousands
Total labor force, including armed forces
Civilian labor force total®
_ _
Employed
_
Agricultural employment
-Nonagricultural employment
Unemployed
Percent of civilian labor force:©
Unadjusted
Seasonally adjusted
Not in labor force
do _
do
-do
_- -do
do
do
thousands
Employees in nonagricultural establishments (USDL):
Total, unadj. (excl. Alaska and Hawaii) A-thousands.
Manufacturing
_
do
Durable goods industries
_-do _
Nondurable goods industries
do
Mining, total
_ _ _ _
do
Metal
_ _
_
do _
Anthracite
do
Bituminous coal
_ _ _
do
Crude-petroleum and natural-gas production
thousands
Nonmetallic mining and quarrying
_do
r
70, 768
71,210
71, 955
123, 296
73, 862
123, 422
73, 875
73, 204
72, 109
72, 629
71, 839
2
71, 808
2
2
2
68, 189
63, 828
5,203
58, 625
4,362
68, 639
65, 012
5,848
59, 163
3,627
69, 405
66,016
6,408
59, 608
3,389
71, 324
67, 342
7,231
60, 111
3,982
71, 338
67, 594
6,825
60, 769
3,744
70, 667
67, 241
6, 357
60, 884
3,426
69 577
66, 347
6,242
60, 105
3,230
70, 103
66, 831
6,124
60, 707
3,272
69, 310
65, 640
5,601
60, 040
3,670
69, 276
65, 699
4,811
60, 888
3,577
6.4
5.7
5.3
5.1
4.9
4.9
5.6
5.1
5.2
5.1
4.8
5.4
46
5.6
4.7
6.0
5.3
5.9
5.2
5.5
52, 177
51, 849
51, 225
49, 435
49, 547
50, 345
51 550
51, 155
52, 068
52, 225
50, 878
15, 969
9,217
6,752
51, 430
16, 034
9,314
6,720
51, 982
16, 187
9,443
6,744
52, 580
16. 455
9,581
6,874
52, 343
16, 410
9,523
6,887
52, 066
16, 169
9,058
7,111
52, 648
16, 367
9,225
7,142
52, 569
16, 197
9,168
7,029
52, 793
16, 280
9,313
6,967
688
94
16
180
694
96
15
176
701
97
15
176
713
98
15
178
710
97
17
171
639
62
15
136
620
47
16
136
621
47
16
145
294
104
297
110
301
112
309
113
311
114
310
116
306
115
299
114
124 606
2
124 716 2 124 839 2124 917
70, 993
2
72, 331
68, 449
68 473
64, 520 264, 267
2
4,
619
4 565
2
59, 901 2 259 702
2
3, 931
4, 206
2
2
2
2
69, 819
66, 159
5,393
60, 765
2
3, 660
70, 689
2
68, 168
64, 020
2
4, 611
2
59, 409
2
4, 149
2
2
2
2
2
70, 970
2
2
2
6.1
5.2
2
2
25.7
2
4.8
2
5.2
2
61
54
53, 917
2
53, 756
16, 484
9,577
6,907
52, 078
16, 470
9,640
6,830
r
r
660
67
16
164
668
70
16
174
658
73
16
173
'669
'89
16
173
••669
95
14
172
298
114
297
112
291
105
288
104
285
103
5.0
2
53, 746
2
53 845
52, 060
16, 520
9, 680
6, 840
r
r
52, 150 P 52, 760
16, 478 p 16,365
rr 9, 629 P 9, 533
6, 849 p 6, 832
r
r
52, 587
^675
l
2
Revised.
*> Preliminary.
See note marked "§".
See note marked "d"".
t Revised beginning August 1959 to include data for Hawaii.
fRevisions for January 1919-December 1954 appear on p. 27 of the May 1959 SURVEY.
fEstimates for Alaska and Hawaii are included effective w^ith February 1959 and September 1959,
respectively; preliminary estimate of civilian population in Alaska (Jan. 1, 1959), 153,000 persons and in Hawaii (Sept. 1, 1959), 603,000 persons. Revisions for February 1957-August 1958 are
shown in the November 1959 SURVEY (bottom p. S-ll).
©For 1947-59 figures, reflecting adjustments of 1947-56 data to new definitions adopted January 1957 and use of revised factors in
computing the seasonally adjusted unemployment rates, see pp. 22 and 23 of the April 1960 SURVEY.
cfData beginning January 1960 include figures for Alaska and Hawaii; January 1960 estimates for these States (thous.): Noninstitutional population, 500; civilian labor force, 282; employed persons, 266; nonagricultural employment, 229. Estimates for agricultural employment and unemployment can be regarded as comparable with pre-1960 data.
ATotal employment in U.S., including Alaska and Hawaii (thous.): 1960—February, 52,284; March, 52,376; April, 52,992.
SURVEY OF CURRENT BUSINESS
S-12
May 1960
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
March
April
June
May
July
1960
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Employees in non agricultural establishments, unadjusted (U.S. Dept. of Labor)— Continued
Contract construction
thousands-Transportation and public utilities 9
. do.
Interstate railroads
do
Local railways and bus lines
.-do _
Trucking and warehousing ._
_ do.. .
Telephone
do
Gas and electric utilities
-_do
Wholesale and retail trade
Wholesale trade
.
Retail trade 9
General merchandise stores
Food and liquor stores
Automotive and accessories dealers
Finance, insurance, and real estate
Service and miscellaneous 9
Hotels and lodging places
Laundries
_
Cleaning and dyeing plants
Government _
__
_
2,417
3, 865
936
93
823
704
569
2,662
3,879
943
92
828
704
572
2,834
3,914
957
92
841
704
573
2,986
3,944
968
93
854
706
575
3,035
3,949
960
92
856
712
586
3,107
3,922
928
92
855
711
588
3,043
3,927
906
92
881
708
584
2,961
3. 9-10
893
92
898
703
578
2, 856
3,912
898
92
893
703
577
2,699
3,940
920
91
897
701
576
2,453
3,882
901
91
876
698
574
do
..do _
do
do
do
do
11,083
3,019
8, 064
1,388
1, 599
772
11,136
3,024
8,112
1,388
1,605
782
11,234
3, 020
8,208
1,416
1,611
788
11,352
3,054
8,298
1,422
1, 617
796
11, 324
3, 069
8,255
1,397
1,600
799
11, 360
3, 081
8,279
1,408
1,604
801
11,464
3,097
8,367
1,463
1,612
799
11, 551
3,121
8,430
1, 521
1,627
802
11, 723
3,141
8,582
1,628
1, 646
804
12, 345
3, 155
9.190
2,025
1,663
815
11, 424
3,113
8,311
1,465
1,630
800
_ do do _
do
do. _
do
. _-do-_-
2,386
6,377
469
305
167
8,093
2,403
6,511
494
308
171
8,111
2,413
6,583
504
312
176
8,116
2,442
6,623
533
317
176
8,065
2,475
6,603
603
318
169
7,837
2, 474
6,582
603
310
166
7,813
2,452
6,617
522
313
170
8,158
2,441
6,614
476
312
174
8,274
2,438
6,593
470
311
175
8,331
2,438
6,547
463
309
173
8, 635
2,429
6,474
453
307
172
8,288
51, 456
16,006
9,192
6,814
51, 887
16, 182
9,319
6,863
52, 125
16, 372
9,462
6,910
52, 407
16, 527
9,573
6,954
52, 558
16, 580
9,635
6,945
52, 023
16, 037
9,094
6,943
52, 154
16, 141
9,214
6,927
52, 002
16, 022
9,129
6,893
52, 253
16, 174
9, 266
6,908
52, 674
16, 436
9,542
6,894
52, 880 ' 52, 972
16, 562 ' 16, 567
9, 655 ' 9, 667
6,907 ' 6, 900
688
2,719
3,885
11, 263
2,398
6,441
8,056
701
2,829
3, 886
11,333
2,403
6,479
8,074
708
2,787
3,917
11, 363
2,413
6,486
8,079
709
2,799
3,928
11,425
2,418
6,525
8,076
714
2,800
3,920
11, 465
2,426
6,570
8,083
633
2,814
3,893
11, 529
2,437
6, 549
8,131
617
2,776
3, 899
11, 464
2, 452
6, 584
8,221
621
2,762
3,900
11,478
2,453
6,549
8,217
657
2,792
3,902
11,452
2, 450
6,593
8,233
665
2,800
3,917
11, 486
2,450
6,613
8,307
658
'669
P682
'669
2,775
2,781 ' 2, 594
p 2, 756
3,941 r 3, 933 ' 3, 920
p 3, 930
11, 594 '11,627 '11,584 p 11, 571
2,454 ' 2, 464 ' 2, 456 P 2, 467
6,606 '6,616 ' 6, 574 p 6, 609
8,290
8,315 ' 8, 494 P 8, 517
12,117
6,937
73
12, 167
7,025
73
12, 299
7,139
73
12, 524
7,248
73
12, 433
7,161
72
12. 173
6,679
71
12, 373
6,847
74
12, 201
6,786
73
12, 274
6,922
73
12, 466
7,173
74
12, 449 ' 12, 494 ' 12, 444
7,230 ' 7, 268 ' 7, 209
74
'75
74
552
277
316
433
1,015
568
285
317
444
1,037
594
294
318
454
1,052
624
302
321
466
1,067
627
302
320
464
1,038
628
305
324
468
628
620
304
329
469
611
612
300
329
458
602
599
205
327
457
975
584
286
328
452
1,039
561
277
327
443
1,048
-•561
'277
328
445
'1,052
Total, seas. adj. (excl. Alaska and Hawaii) A- -do
Manufacturing
do
Durable goods industries
_,do .
Nondurable goods industries
do
Mining
Contract construction
Transportation and public utilities
Wholesale and retail trade. __
Finance, insurance, and real estate
Service and miscellaneous
Government
__
do
do
do
do...
do
__do _
do
Production workers in manufacturing industries, unadj.:
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, clay, and glass products
do
Primary metal industries
_ . __
do
Blastfurnaces, steel works, and rolling mills
thousands. -
r
2, 389
3, 887
'900
91
878
'699
574
r 11, 329
''3,114
'8,215
r
1,402
r 1, 635
'801
' 2, 306
' 3, 900
904
91
882
700
569
'11,314
' 3, 108
' 8, 206
1,402
1,632
800
' 2, 439 ' 2, 444
' 6, 484 ' 6, 508
460
458
306
305
170
169
r
8,343
8, 531
P 2, 593
p 3, 923
p 11,540
p 3, 112
p 8, 428-
p 2, 467
p 6. 642
p 8, 555
' 52, 803 p 53, 044
' 16, 512 p 16, 512
' 9, 602
p 9, 536
' 6, 910 p 6, 976
'554
275
'327
444
'1,041
p 12, 341
p7,125
P7(y
^570
P326
P449
p 1,016
515
529
537
543
521
132
123
119
493
528
532
'532
527
829
1,113
798
1, 226
591
469
123
216
368
840
1,126
803
1,229
594
464
126
216
372
853
1,153
814
1,233
600
459
126
219
379
866
1,167
833
1,224
598
451
124
224
385
847
1,149
836
1,207
586
449
121
221
380
815
1,138
850
1,132
520
445
117
224
401
841
1,167
888
1,200
600
445
107
231
417
812
1,147
893
1,208
623
435
107
232
420
800
1,136
882
1,026
439
429
118
232
415
841
1,166
892
1,172
593
422
116
232
393
857
1,179
892
1,239
658
416
121
230
379
'863
'1,191
'890
'1,245
675
'412
109
231
'388
'854
'1,192
'881
'1,220
652
407
109
'231
'392
P837
p 1,187
P862
* 1,178
5,180
5,142
Nondurable goods industries
do
945
958
Food and kindred products 9
_ do
239
235
Meat products
do
134
148
Canning and preserving
_ _ __
_ do
159
158
Bakery products
_
__do 72
70
Tobacco manufactures
_
do
869
866
Textile mill products 9
do
371
370
Broadwoven fabric mills . _ _ _
_ do
193
196
Knitting mills
do
1,085
1,055
Apparel and other finished textile prod___do
441
443
Paper and allied products
.do
219
221
Pulp, paper, and paperboard mills
do
551
553
Printing, publishing, and allied industries- -do
527
535
Chemicals and allied products
_ __.do__199
200
Industrial organic chemicals
do
159
160
Products of petroleum and coal
do._122
122
Petroleum refining
_
_ do
202
176
Rubber products
do
331
324
Leather and leather products . .
..do _
Production workers in mfg., seasonally adjusted:
Total
thousands.. 12, 149
12, 303
6,914
7,028
Durable goods industries
..do
5,235
5,275
Nondurable goods industries
do
Production workers in manufacturing industries:
Indexes of employment:
98.0
98.4
Unadjusted
. ...
1947-49=100
98.2
99.5
Seasonally adjusted
do
Miscellaneous employment data:
Federal civilian employees (executive branch) :
2
United States!
thousands., 2, 142. 6 2, 147. 6
207.7
207.7
Washington, D.C., metropolitan area . do
Railroad employees (class I railroads) :
845
854
Total
thousands
Indexes:
63.4
64.0
Unadjusted .
1947-49=100
63.9
64.9
Seasonally adiusted ___
do
5,160
974
242
147
160
69
874
370
200
1, 055
446
223
553
532
202
159
122
172
325
5,276
1,030
245
180
162
70
883
371
205
1,068
453
227
555
527
204
160
122
196
334
5,272
1,062
245
219
163
67
872
368
201
1,048
449
226
552
527
206
158
120
203
335
5.494
1,176
249
315
166
90
887
372
210
1,103
454
227
558
532
208
151
115
204
339
5,526
1,162
229
316
165
98
890
372
210
1, 106
460
227
570
540
208
153
117
212
335
5,415
1,080
233
226
166
93
885
372
208
1,100
454
222
570
540
207
151
116
212
331
5. 352
1,032
244
178
166
82
876
370
204
1,107
452
222
570
539
207
154
115
209
331
5,293
990
245
150
163
81
867
370
196
1, 103
451
222
571
537
207
155
116
208
332
5,219
954
241
136
161
78
860
368
190
1,091
447
223
562
536
208
154
116
208
329
' 5, 226
939
237
'134
161
76
'860
367
191
1,111
446
222
'565
'537
'208
155
117
'209
329
' 5, 235
'934
234
136
160
' 71
'863
369
195
' 1,119
'445
221
'568
543
211
155
117
'207
'328
p 5, 216
*>953
12, 481
7,162
5,319
12, 600
7,244
5,356
12, 612
7,275
5,337
12, 052
6,717
5,335
12, 154
6,837
5,317
12, 030
6,746
5,284
12, 169
6,873
5,296
12, 417
7,137
5,280
99.4
100.9
101.3
101.9
100.5
102.0
98.4
97.4
100.0
98.3
98.6
97.3
99.2
98.4
100.8
100.4
2,171. 8
212.7
22,177.2
213.0
2,192. 1
211.1
2,172.4
208.2
2, 176. 7
208.8
2, 200. 3
209.5
879
870
839
814
804
810
Fabricated metal productso"
Machinery (except electrical)
Electrical machinery
__
Transportation equipment 9
Motor vehicles and equipment
Aircraft and parts
Ship and boat building and repairs
Instruments and related products
Miscellaneous mfg. industries
_
do
do
_ do
do
do
do
do
do...
do
2
2,145. 0
207.3
869
2
2
1
2,500.1
1
217. 5
826
P231
P393
P69
P864
p 1,087
P 447
P 570
P549
P 155
P204
P318
12. 536 ' 12, 537 ' 12, 471 P 12, 477
7,244 ' 7, 255 ' 7, 184
P 7 , 127
5,292 ' 5, 282 ' 5, 287
P 5, 350
100.6
101.4
2, 158. 7
210.0
P813
'101.0
101.4
100.6
' 100. 8
P99.8
p 100. 9
2,160.5 32,339.7
210.9
3 212. 2
p812
P816
^823
65.2
63.5
66.0
65.5
60.9
60.8
60.9
61.7
61.6
60.9
'61.2
"61.7
64.3
64.1
60.4
62.4
64.5
62.2
62.2
63.0
'61.0
p 61.7
p 69 fi
61.5
r
Revised.
* Preliminary.
* Includes Post Office employees hired for Christmas season; there were about 307,100 such employees in the United States in December 1959.
2 gee note
marked "J".
3 includes the following number of persons hired for the decennial census: Total U.S., 180,000; Wash., D.C. area, 680.
9 Includes data for industries not shown. cfExcept ordnance, machinery, and transportation equipment.
ATotal employees, incl. Alaska and Hawaii (thous.): 1960—February, 53,201; March, 52,964; April, 53,278.
^Employees in Alaska and Hawaii are included effective with January 1959
and August 1959, respectively. For all branches of the Federal Government, civilian employees in Alaska (at the end of January 1959) totaled 13,200 persons and in Hawaii (at the end of August
1959) 21,900 persons.
SURVEY OF CURRENT BUSINESS
May I960
S-13
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
March
April
May
June
July
1960
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
176.2
r 172 8
106 7
p 169 3
EMPLOYMENT AND POPULATION—Continued
INDEXES OF WEEKLY PAYROLLS
179.9
r
165 1
105 3
205. 8
167 0
106 5
223.3
169 6
110 7
240.0
174 4
115 4
244.4
170 2
106.5
257. 7
164 9
98 4
242.9
169 1
94 3
239. 1
165 9
95 9
221.8
166 8
104 4
214.8
175 4
110 5
185.4
175 5
105 4
40.2
2.6
40.8
2.6
41.3
40.3
2.6
40.9
2.6
41.0
40.5
2.7
41.1
2.8
41.5
40.7
2.9
41.4
3.0
41.2
40.2
2.7
40.5
2.7
41.2
40 5
2.9
40 8
3.0
40.7
40 3
3.0
40 8
30
41.1
40 3
2.8
40 9
2.8
41.3
39 9
2 6
40 1
2 5
41.3
40 6
2 7
41 1
2 7
41.8
40 3
2 8
41 0
2 9
41.3
39 8
2.6
40 4
2 7
41.1
40.7
41.0
40.4
41.0
40.9
40.7
40.8
40.0
41.3
41 2
41.1
41.4
40.2
41.6
41.4
41.3
41.6
40.8
41.7
41.7
40.5
41.0
40.8
41.5
38.5
41.1
41.3
41 7
41.6
39 7
40.7
40 7
41 3
41 0
40 0
40.8
40 7
41 8
41 2
39 9
40.1
40 3
41 1
40 8
38 8
40.2
40 7
41 8
41 0
41 1
39.3
39 7
40 3
40 4
41 1
'39.4
r
39 4
r 40 3
40 2
40 3
40.7
40.8
41.3
40.3
41.0
41.1
41.4
40.2
41.0
41.5
41.6
40.5
41.6
41.9
41.9
40.8
35.9
41.0
41.3
40.1
36.6
41.6
41.1
40. 5
38.3
41 7
41.1
40 7
38.0
41 0
41.2
40 8
37.7
40 1
40.8
40 5
41.2
41 4
41.7
41 0
41.2
41 2
41.3
40 7
40.7
41.0
40.7
39.3
40.5
40.0
41.0
41.7
40.8
39.6
40.8
40.3
40.9
41.7
40.5
39.5
40.7
40.3
41.0
41.5
40.9
39.2
41.2
40.5
40.8
41.3
40.6
39.2
41.1
40.0
40.2
40 2
40.6
39.0
41.0
40.4
40 0
40 1
40.4
38.4
41 0
40 5
40 6
41 1
40.7
38.3
41 1
40.7
39 2
38 2
40.6
38.5
41 0
40 4
40 7
40 9
41.0
39.1
41 3
40 6
39.5
2.6
40.2
39.9
38.6
40.1
39.5
2.5
40.2
39.9
39.2
39.7
39.7
2.6
40.8
40.4
39.2
40.5
39.8
2.7
41.0
40.6
39.3
40.7
39.8
2.8
40.9
41.0
38.9
40.7
40 1
2.9
41.4
40 8
41.9
40.2
39 8
30
41.4
43 1
39 2
40 6
39 5
2 8
40.8
43 3
38.0
40 2
39 6
2 7
41.0
43 3
36 9
40 1
38.1
40.4
40.9
38.4
37.8
40.3
40.8
38.5
38.8
40.4
41.0
38.7
39.3
40.8
41.3
39.2
40.1
40.4
41.1
38.6
40.7
40.8
41.6
39.4
40
39
40
38
40
40
41
38
38
40
41
38
Apparel and other finished textile prod
do
Paper and allied products
do
Pulp, paper, and paperboard mills
do _
Printing, publishing, and allied industries. _do
36.5
42 7
43.7
38.3
36.6
42 6
43.8
38.1
36.6
42.9
44.0
38.1
36.7
43.0
44.1
38.1
36.8
43 0
44.4
38.2
37.4
43 1
44.1
38.3
36 4
43 2
44 3
38.8
36 2
42 9
43 9
38.4
Chemicals and allied products
Industrial organic chemicals _
Products of petroleum and coal
Petroleum refining
Rubber products
Leather and leather products
41.3
41.0
41.2
40.8
42 0
38.0
41.6
41.1
40.9
40.9
41.8
37.0
41.6
41.5
41.0
40.8
42.1
37.6
41.5
41.6
40.9
40.4
40.3
38.2
41.1
41.1
41.1
40.6
42.5
38.3
41.2
41.1
40 6
39.9
42 3
37.8
42
42
41
41
41
36
3
6
5
1
3
7
39. 9
40.4
27 6
35.2
40. 1
39 9
32 2
35.2
40. 8
41. 1
31 3
36. 7
41. 6
41.3
30 2
38 8
39. 2
36.1
32.5
41. 2
39 4
27 9
36.7
40
40
31
35
41.2
42.4
40.5
44 3
40.3
44 3
40.2
45 2
41.6
45 1
35.9
39. 5
35.0
37.0
40 1
36. 1
37.4
40. 6
30.4
38.0
42.1
36. 8
42. 6
38.4
40.8
42.9
38.4
40. 7
43.2
38.8
40.5
43. 6
39. 0
41.0
40.2
40.1
40.3
37.9
do
do _
37.9
34 6
36. 3
43.8
36. 2
44.0
37.9
34 2
36. 2
43.9
do
do
do
40.1
39 4
38.1
40.1
39 9
39. 5
Construction 0(construction workers)
\lanufacturin ' (production workers)
Alining (production workers)
1947-49 = 100_.
do
do
180. 2
r 173 9
r
104 4
HOURS AND EARNINGS
Average weekly hours per worker (U.S. Dept. of
Labor) :
\11 manufacturing industries
hours
Average overtime
do __
Durable coods industries
do
Average overtime
do
Ordnance and accessories
do
Lumber and wood products (except furniture)
hours. _
Sawmills and planing mills
do
Furniture and
fixtures
do
Stone, clay, and glass products
_ do
Primary metal industries
do
Blast furnaces, steel works, and rolling mills
hours..
Fabricated metal products d" .
do
Machinery (except electrical) __
do
Electrical machinery
_ _
__
do
r
39 7
2 5
40 3
2 5
'41.3
p 39 4
P2 1
p 40 0
P2 1
P40. 8
'39.0
39 2
P 40. 0
r
r
r 38 9
r 40 2
40 0
P 40 2
P 40 4
P 39 8
40.0
40 5
41.0
39 9
40.0
40 5
'41.1
r
40 1
p 40 2
p40. 8
p 39 3
42.0
43 7
40.6
38.9
40 6
40.1
'40 8
'41 5
MO. 6
'39.2
40 2
39.9
40 6
40 9
40.7
39.6
40 8
40 3
P 39 5
39 8
2 7
41.1
42 4
38 5
40 2
39 4
2 6
40.6
42 2
38.4
39 4
39 0
2 5
'39.6
'39 2
'37 8
39 7
r 38 8
p 38 5
p2 2
P 39. 6
39
40
42
38
7
8
0
1
38 4
40 3
41 5
37.3
' 36 1
40 1
41 2
37 4
r
r
36 7
42 7
44 0
38.3
36 5
42 7
43 9
39.0
36.0
42 5
43 8
38.3
r
41 6
41 4
40 8
40.2
40 8
36.2
41
41
41
41
39
37
7
6
0
2
7
3
41
41
40
40
40
37
9
9
6
6
8
7
41
41
40
40
40
37
3
3
2
0
7
9
7
2
9
2
41 1
40 4
30 0
37^9
40
41
34
35
7
7
0
8
42
49
34
40
1
2
2
9
40
49
31
38
7
5
8
7
40.9
45 4
41. 1
44 6
40.4
44 3
41.2
43 9
40 5
43 3
41 1
41 g
37. 6
42. 1
36.3
38.3
43 0
3*5. 9
36 6
39 5
35 8
37 0
40 6
36. 0
35 7
38 9
34 8
30 7
39 4
36 1
35 1
37 5
34 6
43.2
39. 4
41. 1
43. 1
39. 2
40. 9
42.3
40 6
41 3
42. 6
39 9
41 3
42 8
40 7
41 3
42 9
39 2
40 9
42 3
38 8
40 9
r 40 f)
42 5
39 i
40 8
40.5
40. 6
40. 5
40 5
40. 5
40 4
40 5
40 0
' 39 8
39 9
38. 3
34 8
36.8
44. 1
38.8
35 3
37. 4
44.0
38.6
38.1
37.7
37.5
38. 2
37.4
'37.4
37. 5
37. 1
43.9
36 7
43.7
35 9
44.0
35 8
43.7
35 7
43 8
35 4
43 8
35 2
' 43.7
35 4
43 9
40. 1
40.4
40.2
40.1
40. 1
39.7
40.2
39 5
37.9
40.6
39 6
37.7
40 3
39 §
38.8
40. 5
39 8
40. 0
40 2
39 3
39. 1
40 0
r
39 5
40 1;
39 '
38 2
39 8
38 9
37' 9
89.87
97.75
103 32
90.32
98 64
105 83
91.17
99 36
105 47
89. 65
96. 80
105 06
88.70
95.88
103 38
89.47
96. 70
105 22
89. 06
96. 52
106 55
88.98
95. 44
106 97
92. 16
99 87
109 10
92.29
100 86
108 21
r 107 (J8
78. 96
76 30
72 40
91.27
80. 56
78 66
72 76
91.94
82.19
80 70
74 66
92. 16
80.19
79.13
74 66
92.13
82. 61
80 95
76 31
92.35
82. 62
79 77
75 58
91. 43
82.42
79 37
76 49
91.88
80. 60
78 18
75 21
91.39
80. 40
78 14
77 33
92. 25
77.03
75 83
74 5p,
91.30
' 78. 01
r 75 25
r 74 5()
90. 85
115 34
Primary metal industries
do
116 60
Blast furnaces, steel works, and rolling mills
dollars. . 125.36
127.10
' Revised.
f Preliminary.
9 Includes data for industries not shown separately.
c^Except ordnance, machinery, and transportation equipment.
117 58
118 43
108 19
104 81
106 40
105 74
107 86
117 14
117 96
115 ?6
r 114 57
127. 10
129. 38
111.29
113.09
118. 73
116. 66
113. 10
127. 72
128. 54
' 123. 60
123. 20
Transportation equipment 9--- - --- -- do
Motor vehicles and equipment
do
Aircraft and parts..
do
Ship and boat building and repairs
do .__
Instruments and related products
_
do
Miscellaneous mfg. industries..
do
Nondurable goods industries
Average overtime
Food and kindred products 9
Meat products
Canning and preserving
Bakery products
Tobacco manufactures
Textile mill products 9
Broad wo ven fabric mills
Knitting mills
do
do
do
do
do...
do
_
do
do
do
_ _ do
do
do ...
do
do _ _ _
do
do
Xonmanufacturing industries:
Mining
do
Metal
do
\nthracite
do
Bituminous coal _.
.__
_ do
Petroleum and natural-gas production (except
contract services)
. T _ ___
hours .
"Vonmctallic minin°' and quarr^ in°'
do
Contract construction
__. .
do
Xonbuilding construction
do
Building construction _ .
_
do
Transportation and public utilities:
Local railwavs and bus lines. _. _._
_ .do
Telephone
do
Gas and electric utilities
do
VTholesale and retail trade:
Vvliolesale trade
do
Retail trade (except eating and drinking places) 9
hours. _
Food and liquor stores
Automotive and accessories dealers _
Service and miscellaneous:
Hotels, year-round
Lnundrie^
Cleaning and dyeing plants
Average weekly cross earnings (U.S. Department of
Labor):
All manufacturing industries
dollars. . 89.24
97. 1 0
Durable goods industries
___ . _ _ d o _ _
104 08
Ordnance and accessories
do
Lumber and wood products (except furniture)
77.74
dollars. _
Sawmills and planing mills
do
75. 85
Furniture and fixtures
do
73 12
Stone, clay, and glass products
do
90. 20
'JA
A
OK o
r>4
9
8
3
3
2
5
5
7
I,
2
5
5
9
0,9 7
r
r
'2 4
39.7
39 3
37 5
39 8
36 2
42 1
43' 5
38.0
41
41
r 40
r
40
37 2
39 9
37 3
r
39 9
T
34 3
r
42 5
r 39 2
39 7
'-59 1
37 7
91.14
98 98
T
P 41 6
3
3
3
1
4
1
P 37. 9
P 40 6
p 38 6
P 35 7
35 0
39 o
34 1
35 0
r 38 9
r
p34 9
P 41 6
40 1}3
40
r 4' 2
r
p 35 9
P 39 5
40 8
42 1
36 c>
38 8
r 4Q 8
r
0
4
8
5
' 35 7
42 o
43 4
'38.2
41
41
r 40
40
r 39
r
37
3
3
3
2
r 40 0
r
35
39
40
36
P 40 6
p39 8
T
r
90. 91
P 89. 83
' 98 74 P 97 60
P ]0o 49
108 6'?
' 77. 61
75 66
r 72 3ri
r
90. 80
p 80. 00
p 74 37
"91.71
p 1 13 4'j
SURVEY OF CURRENT BUSINESS
S-14
May I960
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
March
April
May
June
July
1960
DecemAugust SeptemOctober November
ber
ber
January
February
98.42
104. 55
90. 97
' 111. 79
March
April
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Average weekly gross earnings (U.S. Department of
Labor) — Continued
All manufacturing industries— Continued
Durable goods industries — Continued
Fabricated metal productsc?
dollars...
Machinery (except electrical)
do
Electrical machinery
_ _
_
_ do
Transportation equipment 9
do
Motor vehicles and equipment
_ _ do
Aircraft and parts -.
. do _
Ship and boat building and repairs
do
Instruments and related products
do
Miscellaneous mfg. industries
do
95. 88
102. 42
89.06
107. 04
109. 47
105. 01
102.18
91. 53
75. 60
96. 59
103. 09
88.84
107. 83
111.34
105.67
101.77
92.21
76. 57
98. 36
104. 00
89. 51
107. 98
111.76
105. 71
101.91
91. 98
76. 57
99.72
104.75
90. 58
109.06
111.22
107. 98
100. 74
94. 35
76. 95
97.17
103. 25
89.02
108. 53
111. 10
106.78
102. 70
93.71
75. 60
99.01
102. 34
89. 91
108. 14
110. 15
107. 18
102. 57
93. 48
76. 76
99. 66
103. 16
90. 76
108. 40
111.48
107. 06
99.84
93 89
76. 95
96. 76
103. 82
91.39
109. 62
113.03
108. 26
99.20
94. 53
77.33
94. 64
102. 82
90.72
104. 66
102. 38
108. 00
101.26
94. 71
77.16
99. 77
105. 92
93. 07
110.70
113.29
109. 88
102. 44
96. 23
78. 76
100. 94
105. 32
92.80
115.92
124.11
108. 40
101.92
94.19
78.20
79.00
84.42
93.77
68. 32
81.40
79.00
84.42
93.37
69.38
80.99
79.40
85.68
94.54
67. 42
83.43
79. 60
85. 69
94. 60
66. 42
84.25
80.00
85.48
95. 53
66. 52
84. 25
80. 20
84.87
95. 06
71.65
83.21
80.79
86.11
101.29
67. 82
85.67
79.79
85. 68
103. 05
65. 74
84.42
80.39
87. 74
105. 22
63. 47
85.01
81.19
88.78
104. 73
68. 15
85.22
80.77
88.91
104. 66
68. 74
83.92
Tobacco manufactures
do
Textile mill products 9
- do __
Broadwoven fabric mills
do
Knitting mills
do
Apparel and other finished textile prod
do
Paper and allied products
_ do
Pulp, paper, and paperbonrd mills
do
Printing, publishing, and allied industries.do
64. 39
63. 43
62. 17
57 22
55. 85
92. 66
100.07
102. 64
65. 02
63.27
62.42
57. 37
55. 63
92.87
100. 74
102. 11
67. 51
63. 83
63. 55
57. 66
55. 63
93. 52
101. 64
102. 11
67. 99
64. 46
64. 02
58.41
55. 05
94. 60
102. 75
102. 87
70.58
63. 83
63. 71
57. 13
55. 57
95. 03
104. 78
103. 52
65. 93
64. 87
64. 90
58. 71
56. 85
95. 68
104.08
103. 79
63.40
63. 28
63.27
57. 45
55. 69
96. 77
106. 32
106. 70
63. 92
64. 40
64. 74
57. 66
55. 02
95. 67
104. 48
104. 83
64. 56
64. 40
64. 74
57. 96
56. 15
95. 22
104. 72
103. 79
67.49
64. 87
65. 52
56.77
55. 85
95. 22
104. 48
106.86
66. 05
64.48
64.74
56.32
55.44
95.20
104.24
104. 56
r
60. 20
'61.37
64. 1 6 ' 63. 83
64 27
65. 28
56.47
55. 48
56.11
' 55. 34
94.73
94. 08
r
103. 97
103. 29
104.12 ' 105. 05
Chemicals and allied products
Industrial organic chemicals
Products of petroleum and coal
Petroleum refining
Rubber products
Leather and leather products
97. 88
103. 73
118. 24
121.18
103. 74
60.80
98. 18
103.98
1 18. 20
122. 29
101. 57
59. 57
99.42
105. 83
117.67
121. 58
101.46
60. 54
100. 43
106. 91
117. 79
120. 39
98. 74
61.50
100. 28
106. 86
1 18. 78
121.80
107. 10
60.90
100. 53
106. 45
116. 12
118.50
105. 33
60.48
104. 48
112.89
120. 77
124. 53
102. 01
59.09
101.09
108. 05
117.50
119.80
101. 18
58. 28
101. 75
108. 58
118. 90
124. 01
97.66
60.43
102. 66
109. 78
117.74
121. 80
101. 59
61. 07
101.60
108.21
116.98
120.40
102.16
61.78
101.60 r 102.01
r
108. 21
108. 62
r
116. 87 ' 116. 87
' 120. 60 119.90
MOO. 00
' 97. 71
* 60. 64 ' 60. 84
106. 13
104. 23
76. 45
112.29
106. 27
102. 94
88. 55
114.75
108. 94
106. 86
85. 45
120. 01
111.49
107. 79
82.75
126. 49
103. 49
93.14
79.20
104. 98
108. 77
97. 71
76. 73
120. 74
107.45
99.29
88. 36
115.81
108. 92
99.38
82.80
123. 55
109. 89
108. 84
93. 8-1
118. 14
114. 51
111.41
94.73
135. 38
111.11
113.05
88.09
127. 32
108.13
' 107. 71
76.16
'121.97
110.98
111.57
99.91
127. 65
115.36
90. 31
110. 57
108. 23
110.95
113.00
94.80
113.59
110.28
114.44
112.84
95.25
114.82
112.06
115.39
112.56
98.08
116.66
117.46
116. 66
117.31
98.32
116. 56
118. 30
116. 16
115.75
100. 33
119.88
121.26
119. 19
116. 72
99.01
115.66
112. 58
116. 71
113. 12
97.90
117. 66
117.74
117.72
117. 83
P5. 90
113. 88
110.87
114.14
113.81
96.13
117.81
113.47
119.13
116.72
92.38
113. 72
108. 00
114.87
' 112. 12
'91.46
' 113.75
Mil.
16
r
114.22
113 24
92.43
115. 85
116.61
115.60
92.87
81.79
104. 04
93. 95
82.56
103. 79
95.04
84.20
103. 68
95.92
85.02
105. 37
95.47
86.29
106. 04
95.68
85.85
105. 93
94.33
89.32
107. 79
94.57
88.58
108. 62
95.44
89.95
109. 03
96.10
87.42
107. 98
95.60
86.14
108. 39
' 97. 33 97.33
' 87. 42 87.58
' 107. 59 108.12
89.24
89.42
90.27
91.13
91. 76
91.53
91.94
91.53
91.71
91.94
90.80
r 90. 35
90.97
65. 95
47. 40
68.97
86.72
66.33
47.47
68.78
88.44
66. 70
47.54
69. 14
89.12
67. 79
48.72
70.29
90.41
68. 68
49.07
72.18
90.20
68. 32
49.42
71.23
89.12
67.82
48.50
71.20
87.40
67.11
47. 94
69. 65
89.76
66. 38
47.46
69. 81
88.71
66.09
50.01
69. 26
86.29
66.95
48.19
69.38
88.04
' 66. 95
67.13
48.33
70.09
89.12
Nondurable goods industries
Food and kindred products 9
Meat products
Canning and preserving _
Bakery products
.
-
do
do - do
_ _ do
do
_
do _
do
do
do
do _
do
Nonmantif acturing industries :
Mining
do
Metal
do
Anthracite
do. _
Bituminous coal
. _
_
_doPetroleum and natural-gas production (except
contract services)
dollars-Nonmetallic mining and quarrying
- do
Contract construction
_ _
-do
Nonbuilding construction
do
Building construction
_ _ _ _ _ do __
Transportation and public utilities:
Local railways and bus lines
do
Telephone
do
Gas and electric utilities
__
do _ _
Wholesale and retail trade*.
Wholesale trade
_
do
Retail trade (except eating and drinking
places) 9
_ dollarsGeneral merchandise stores.-_ _ _ _ __do
Food and liquor stores
_- - - d o _ _ _
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
Average hourly gross earnings (U.S. Department of
Labor) :
All manufacturing industries _ - _
_
- dollars. .
Excluding overtime § _ _ __
_
do _ _ _
Durable goods industries
do
Excluding overtime^
._
... -do _.
Ordnance and accessories
do
Lumber and wood products (except furniture)
dollars _.
Sawmills and planing mills
_ do
Furniture and
fixtures
do
Stone, clay, and glass products
do
Primary metal industries
- do
Blast furnaces, steel works, and rolling mills
dollars-.
Fabricated metal products d*
do. .
Machinery (except electrical)
do
Electrical machinery
__
do _ _
Transportation equipment 9
Motor vehicles and equipment
Aircraft and parts
Ship and boat building and repairs
Instruments and related products
Miscellaneous mfg. industries
do.
do
do
. _ do
do
do
__
_.
_
_-
98.01
' 105. 22
'91.43
' 110.84
114.11
' 116. 62
' 1 08. 81 109.08
' 102.31
103.75
'94.07
' 95. 88
77.81
78.18
p 97. 28
p 104. 04
P 89. 60
p 106. 65
P 95. 41
P 76. 81
79.95
' 79. 93 p 79. 31
'r 86. 33 86. 94 P 86. 72
95. 26
95.11
69. 75
'69.17
84. 56
85.17
r 48. 19
69. 34
' 87. 40
P 61.95
P 63. 60
p 53. 40
P 92. 77
p 103. 85
P 103. 58
p 118. 55
P 95. 34
P 58. 55
68.25
68.06
68.25
67.69
68.06
68.07
68.26
68. 81
68. 26
68.81
69.93
69.94
69.75
46.12
45. 70
51.82
46. 52
46.28
53. 72
46. 92
47.27
55.48
47.32
46.92
54.79
47.44
46.22
51.92
47.91
46. 33
51.65
48.36
46.96
53.54
48.20
46. 96
55.60
48.24
46.37
54.35
48.40
47. 24
54.91
48.12
47.04
53.10
' 47. 64
r 46. 92
' 52. 40
47. 36
46. 68
52.68
2.22
2.15
2.38
2.31
2 52
2.23
2. 16
2.39
2.31
2.52
2.23
2.16
2.40
2.32
2.55
2.24
2.16
2.40
2.32
2.56
2.23
2.16
2.39
2.31
2.55
2.19
2.12
2.35
2.27
2.54
2.22
2.14
2.37
2.28
2.56
2.21
2.14
2.36
2.28
2.58
2.23
2.16
2.38
2.31
2.59
2.27
2.20
2.43
2.35
2.61
2.29
2.21
2.46
2.37
2.62
2.29
' 2 21
2.45
2 37
••2.62
2.29
2 2^
2.45
2 38
2. 63
"2.28
1.91
1.85
1.81
2.20
2.82
1.94
1.87
1.81
2.21
2.83
1.96
1.90
1.81
2.21
2.84
1.99
1.94
1.83
2.21
2.84
1.98
1.93
1.83
2.22
2.81
2.01
1.96
1.83
2.22
2.64
2.03
1.96
1.83
2.23
2.66
2.02
1.95
1.83
2.23
2.65
2.01
1.94
1.83
2.24
2.78
2.00
1.92
1.85
2. 2o
2.85
1.96
1.91
1.85
2.26
2.87
M.98
M.91
1.85
2.26
2.86
1.99
1.93
M.86
2.27
2.85
P2.00
Pl.85
»2.27
P2.85
3.08
2.35
2.48
2.21
3.10
2.35
2.49
2.21
3.10
2.37
2.50
2.21
3.11
2.38
2.50
2.22
3.10
2.37
2.50
2.22
3.09
2.38
2.49
2.22
3.10
2.39
2.51
2.23
3.07
2.36
2.52
2.24
3.00
2.36
2.52
2.24
3.10
2.41
2.54
2.27
3.12
2.45
2.55
2.28
'3.09
2.43
2.55
2.28
3.08
2.42
2.56
'2.28
»2.42
*2. 55
P2.28
2.63
2.67
2.58
2.60
2.26
1.89
2.63
2.67
2. 59
2. 57
2.26
1.90
2.64
2.68
2.61
2.58
2.26
1.90
2.66
2.68
2.64
2.57
2.29
1.90
2.66
2.69
2.63
2.62
2.28
1.89
2.69
2.74
2.64
2.63
2.28
1.90
2.71
2.78
2.65
2.60
2.29
1.90
2.70
2.75
2.66
2.59
2.30
1.90
2.67
2.68
2.66
2.63
2.31
1.91
2,72
2.77
2.68
2.62
2.33
1.94
2.76
2.84
2.67
2.62
2.32
1.95
'2.74
2.81
2.68
'2.61
'2.34
1.95
r
2. 1 3
2.79
2.68
2.62
'2.35
1.94
P2. 70
2.00
1.94
2.10
2.34
1.77
2.04
2.00
1.94
2.10
2.34
1.72
2.06
2.00
1.94
2.09
2.33
1.69
2.07
2.01
1.95
2.09
2.33
1.71
2.07
2.00
1.93
2.05
2.33
1.71
2.07
2.03
1.95
2.08
2.35
1.73
2.11
2.02
1.95
2.10
2.38
1.73
2.10
2.03
1.96
2.14
2.43
1.72
2.12
2.04
1.97
2.16
2.47
1.77
2 12
2.05
1.98
2.19
2.48
1.79
2.13
2.05
1.99
'2.18
'2.43
1.83
2.13
2.06
2.00
2.19
^2.06
2.00
Nondurable goods industries
do _
1.93
Excluding overtime §
do
2.10
Food and kindred products 9
do
2.35
Meat products
do
1.77
Canning and preserving
do _
2.03
Bakery products
do
T
p
Revised.
Preliminary,
cf Except ordnance, machinery, and transportation e quipment
9 Includes data for industries not shown separately.
» 2 . 44
P 2. 61
^2.35
Pl.93
P2.19
L86
2.14
f^it n Ai fT
^Revised series (first shown in September 1959 SURVEY); data beginning January 1958 are calculated1 on
a different basis and are not strictly comparable with published figures through
December 1957.
§Derived by assuming that overtime hours are paid at the rate of time and one-half.
v.^'UI^
™ T lV U
V-V.^H^l-,,
SURVEY OF CURRENT BUSINESS
Mav 1060
S-15
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
March | April
I
May
June
1960
August Septem- October Novem- December
ber
ber
July
January
February
March
1 70
1 60
1 56
1 51
1.55
2 25
2 39
2.74
2 46
2. 62
1 72
1 6?
1 60
1 52
1.55
2 24
2 38
April
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Average hourly gross earnings (U.S. Department of
Labor)— Continued
All manufacturing industries — Continued
Nondurable goods industries— Continued
Tobacco manufactures
dollars
Textile mill products 9
do
Broadwoven fabric mills
do
Knitting mills
_ _
do _
Apparel and other finished textile prod
do
Paper and allied products
do
Pulp, paper, and paperboard mills
do_ _
Printing, publishing, and allied industries--do
Chemicals and allied products
do
Industrial organic chemicals
.. _._ do _.
Products of petroleum and coal
do
Petroleum refining
__
_ _ _ _ do _
Rubber products
do
Leather and leather products
_ _ _ _ _ _ _ do
Nonmanufacturing industries:
Mining
do
Metal
do
Anthracite
do
Bituminous coal
do
Petroleum and natural-gas production (except
contract services)
dollars
Nonmetallic mining and quarrying. __ .do -_
Contract construction
do
Nonbuilding construction
_ _ _ _ do_ __
Building construction
do
Transportation and public utilities:
Local railways and bus lines
do __
Telephone
do
Gas and electric utilities
do _ _
Wholesale and retail trade:
"Wholesale trade
do
Retail trade (except eating and drinking places) 9
dollars
General merchandise stores
do
Food and liquor stores
_
_ do _
Automotive and accessories dealers
do
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
Railroad wages (average, class I)
do
Road-building wages common labor (qtrly) do
1.69
1.57
1.52
1.49
1.53
2.17
2.29
2.68
2.37
2. 53
2 87
2.97
2.47
1.60
1.72
1. 57
1. 53
1.49
1. 52
2.18
2.30
2.68
2.36
2. 53
2 89
2.99
2.43
1.61
1.74
1 58
1.55
1.49
1.52
2.18
2.31
2.68
2.39
2.55
2 87
2.98
2.41
1.61
1.73
1 58
1.55
1.49
1.50
2.20
2.33
2.70
2. 42
2.57
2 88
2.98
2.45
1.61
1.76
1.58
1.55
1.48
1.51
2.21
2.36
2.71
2.44
2. GO
2.89
3.00
2.52
1.59
1.62
1 59
1. 56
1.49
1.52
2.22
2.36
2.71
2.44
2.59
2 86
2.97
2.49
1. 60
1.55
1 59
1.57
1.50
1.53
2.24
2.40
2.75
2.47
2. 65
2 91
3.03
2.47
1.61
1 59
1 59
1 56
1.49
1.52
2 23
2.38
2.73
2.43
2. 61
2 88
2.98
2 48
1.61
1.69
1 59
1 56
1.49
1.53
2 23
2.38
2.71
2.44
2.61
2 90
3.01
2 46
1.62
1 70
1 59
1 56
1.49
1.53
2 23
2 38
2.74
2.45
2.62
2 90
3.00
2.49
1.62
.72
60
56
.51
.54
2 24
2. 38
2. 73
2.46
2 62
2 91
3.01
2.51
1.63
2.66
2.58
2.77
3. 19
2.65
2.58
2.75
3.26
2.67
2.60
2.73
3.27
2.68
2 61
2.74
3.26
2.64
2.58
3.23
2.64
2.48
2.75
3.29
2.64
2 47
2. 77
3.29
2 65
2 46
2 76
3.26
2
2
2
3
70
61
76
30
2. 72
2 64
2.77
3.31
2.73
2 66
2.77
3 2Q
2.80
2.13
3.08
2.74
3.17
2.79
2.14
3.07
2.75
3.17
2.80
2.15
3.07
2.76
3.17
2.80
2.17
3.07
2.79
3.17
2.82
2.18
3.10
2.81
3.20
2.83
2.21
3.13
2.82
3.23
2.84
2.22
3.16
2.85
3.26
2.80
2.21
3. 18
2.90
3.27
2 86
2 v>2
3 19
2.85
3 28
2.81
2.22
3.21
2.88
3.30
2.84
2.21
3.24
2.88
3.32
2.18
2.13
2.55
2.19
2.15
2.55
2.20
2.17
2.56
2.20
2.18
2.57
2.21
2.19
2.58
2.22
2.19
2.59
2.23
2.20
2.61
2.22
2.22
2.63
2.23
2 21
2.64
2 24
2.23
2.64
2.26
2.22
2.65
2.22
2.23
2.24
2.25
2.26
2.26
2.27
2 26
2 27
2 27
2.27
1.74
1.37
1.90
1.98
1.75
1.38
1.90
2.01
1.76
1.39
1.91
2.03
1.77
1.40
1.91
2.05
1.77
1.39
1.93
2.05
1.77
1.40
1.92
2.03
1.78
1.41
1.94
2.00
1.78
1.41
1.94
2 04
1 77
1 40
1 95
2 03
1.73
1.37
1.94
1 97
1.79
1.43
1.96
2.01
1.15
1.16
1.36
1.16
1.16
1.36
1.17
1.17
1.38
1.18
1.17
1.38
1.18
1.17
1.37
1.18
1.17
1.37
1.20
1.18
1.38
1.19
1.18
1.39
1.20
1 18
1.39
1.21
1.19
1.39
1.20
1.20
1.39
2. 503
3.796
3.418
2. 503
3.796
3.424
2.535
3.818
3.444
2.549
3.846
3.449
2.603
3.885
3.483
2.619
3.904
3. 450
2.624
3.921
3.526
2.624
3. 931
3 540
2. 624
3 931
3 559
2. 627
3.942
3 560
2. 638
3. 948
3. 563
2.531
.99
2. 530
1.99
2.549
2.537
1.00
2.521
2.14
2.543
2.542
89
2.532
2 20
2 599
2. 575
1 . 05
2. 601
1 95
3.5
2.0
3.0
1. 1
1.3
3.6
2.2
2 9
1.3
1.1
4.4
3.0
2.8
1.3
1.0
3.3
2.2
3.3
1.3
1.4
3.9
2.5
3.7
1.8
1.4
3.9
2.6
4.3
2.2
1.5
3.1
2.0
4.7
1.4
2.8
30
15
4 1
10
2 6
3.8
1 3
3 1
.9
17
3.6
1.9
2.9
1.0
1.3
r 3 0
P3 7
10
v 10
350
175
400
175
450
185
425
650
425
170
400
100
300
130
200
50
150
20
200
65
250
70
270
85
475
250
2,500
550
300
2,750
700
325
2, 7.50
700
750
9,000
700
750
13, 000
650
760
14,000
550
780
14, 000
300
6"0
4 500
250
100
900
325
140
1,000
400
145
1 250
430
140
1 500
r
r 2 90
r
r
3 00
2 50
1 63
2 71
r 2 64
2 80
3 27
r
2. 47
2 63
v 2 99
P 2 47
p 1.64
2
2
2
3
72
65
76
29
^ 2 29
2 23
2 65
2.29
2 24
2 65
2 27
2 28
I 79
1.79
1 43
1 98
2 03
r
r ] 43
1 97
r 2 00
1 39
1.19
1 20
1 39
2 638
3 950
3 572
2 642
3 950
3 589
r
1 20
1 20
P2.74
p 2. 49
2' 99
2 48
1 64
T
2 81
2.26
3 31
2.99
3 39
r
pl.53
P 2 23
r 2 90
r 2 81
2. 22
3 25
2.91
3 33
r
p 1 70
P 1 61
2 645
3 958
3 598
1 03
LABOR CONDITIONS
Labor turnover in manufacturing establishments:
3.6
Accession rate, total
mo. rate per 100 employees
1.9
New hires
do
2.8
Separation rate, total
do _
1.0
Quit
._do
1.3
Layoff
do
Industrial disputes (strikes and lockouts):
Beginning in month:
250
Work stoppages
number
90
Workers involved
thousands
In effect during month:
350
Work stoppages
_
number
150
'Workers involved
thousands
1,000
Man-days idle during month
do
EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
445
Nonfarm placements
_
thousands. Unemployment insurance programs:
2,282
Insured unemployment, all programs 1 9
- do
State programs :f
1,123
Initial claims
_ _ - _ _ _ _ __ do__
2,077
Insured unemployment, weekly average_-_do
5 3
Percent of covered employmentcf
i 1, 968
Beneficiaries, weekly average. __ _. thousands250. 6
Benefits paid
mil of dol
Federal employees, insured unemployment
38
thousands. Veterans' program (UCX):*
28
Initial claims
_
do
71
Insured unemployment, weekly average— do
Beneficiaries, weekly average
_
-do
68
Benefits paid
- _____
mil of dol
8.7
Railroad program:
6
Applications.
thousands. .
76
Insured unemployment, weekly average do Benefits paid
__ ..mil. of dol-_
12.5
r
2 9
1 7
r I 5
P 1 5
p2 1
520
555
581
564
570
633
556
465
432
418
412
450
1,936
1,593
1,414
1,477
1,451
1,370
1,479
1 853
2,008
2,359
2 326
2 370
2 078
1,086
1,768
4 5
1
1, 708
213.7
880
1,464
38
1
1, 390
162.0
973
1,298
3 4
i 1, 182
142.9
1,228
1,333
35
1,100
142.5
1,011
1,291
3 4
1,102
133.4
936
1,203
31
1,097
141.8
1,197
1,309
34
1,050
136.9
1, 501
1, 677
4 4
1,285
168 3
1, 645
1, 841
4 8
1,545
219.5
1,621
2,180
5 6
1,814
235 2
1,265
2,157
5 5
1,879
247 8
1 387
2, 209
5 7
1,981
287 1
1,939
4 9
34
30
28
28
28
27
28
31
33
38
39
38
33
26
64
65
8.5
19
52
53
6.5
23
43
43
5.6
27
43
39
5.3
25
44
42
5.2
24
40
39
5.2
27
41
36
4 8
29
48
42
5.3
31
53
50
7.0
31
61
57
7.4
27
61
59
7 6
29
61
59
83
54
5
58
9.1
4
39
8.6
8
35
21.2
87
63
18.9
35
79
27.3
32
94
26.1
22
97
25 8
21
93
21.7
15
105
19.2
12
78
16.6
6
69
13.8
Revised.
p Preliminary.
* Includes operations under Federal employees' program.
9 Includes data not shown separately.
§ Rates as of May 1, i960: Common labor, $2.672; skilled labor, $3.976, equipment operators, $3.604.
tBeginning with the October 1959 SURVEY, data are revised to include operations in Alaska and Hawaii; figures for State programs are also revised to exclude Federal employees'
program (shown separately below) except as noted. Total insured unemployment includes the UCV program (not shown separately) through Jan. 31, 1960 (expiration date).
cf Rate of covered employment expresses average insured unemployment in each month as a percentage of average covered employment for the most recent 12-rnonth period for which data
are available (the lag for covered employment data may range from 6 to 8 months).
*New series. Data relate to persons eligible for compensation under the Ex-Servicemen's Unemployment Compensation Act of 1958 (effective Oct. 27,1958).
SURVEY OF CURRENT BUSINESS
3-16
Tnless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1«59
March
April
May
June
I960
DecemAugust SeptemOctober Xovember
ber i her
i
July
JanuFohruarv | arv
M
, ,j
-M • • <
h
^« —
FINANCE
BANKING
Open market paper outstanding, end of mo.:
Bankers' acceptances
_
mil. of dol__
Commercial and finance company paper, total.. do —
Placed through dealers
do
Placed directly (finance paper)*
do
1,054
3,267
883
2,384
1,029
3,334
822
2, 512
1,038
3, 555
791
2, 764
983
3.401
729
2,672
957
3 552
759
2,793
946
3. 646
795
2,851
954
3, 334
763
2,571
945
3. 784
755
3, 029
1.029
3. 664
784
2, 880
1.151
3,118
627
2,491
1,229
3,889
664
3,225
1.240
4, 085
718
3.367
1, 366
4,320
805
3, 515
Agricultural loans and discounts outstanding of agencies supervised by the Farm Credit A dm.:
Total
- ...mil. of dol__
Farm mortgage loans: Federal land banks. .do
Loans to cooperatives
do_ _ _
Other loans and discounts
do
4.073
2,175
518
1,381
4,184
2,206
515
1,463
4,294
2.237
' 513
1,543
4.400
2,262
526
1,612
4.470
2.282
542
1,646
4,498
2, 300
549
1,650
4,511
2,318
576
1,617
4,487
2,333
616
1,538
4, 462
2, 345
642
1.474
4.449
2, 360
622
1.467
4,487
2,378
632
1,477
4,551
2,400
624
1, 528
4,616
2,428
609
1, 580
4. 690
2.446
594
1.649
do
- ...do _
do
223, 367
84, 710
47, 485
225 362
88. 049
45, 955
216, 003
80, 725
44, 646
228, 601
86, 598
46, 429
235, 637
89, 600
48. 422
208, 130
75, 233
43, 265
215,843
81,067
43, 259
230. 245
89, 519
46, 083
217, 139
82, 273
43.810
261, 121
104, 976
51. 763
230, 100 -221,965
85, 058
88, 529
45, 626
46, 305
245, 695
96, 593
50, 410
226. 007
86.174
46. 893
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
51, 491
26. 716
327
25, 497
19, 860
52, 346
27, 176
500
25, 703
19,715
52, 200
27, 777
984
25, 905
19, 605
51, 965
27, 337
421
26. 044
19,416
52. 724
28, 569
1,229
26, 543
19, 333
52, 013
28. 181
692
26, 690
19, 227
52, 739
27, 865
330
26, 563
19, 203
52, 942
28, 469
877
26, 631
19,290
53, 555
28, 946
833
26, 922
19, 277
54, 028
28, 771
458
26, 648
19, 164
52, 262
27, 613
862
25, 464
19, 155
51, 431
26, 961
739
25. 209
19,134
51. 577
27, 103
756
25, 264
19,113
51.983
27, 131
571
25, 558
19.066
51, 491
19. 285
18. 192
26, 965
52, 346
19, 542
18. 396
26, 983
52, 200
19, 687
18. 459
27, 156
51,965
18, 832
17. 640
27. 402
52, 724
20, 042
18, 905
27. 499
52, 013
19, 364
18,245
27, 581
52,
19,
17,
27,
739
223
760
515
52, 942
1 9, 924
IS, 818
27, 562
53, 555
19, 686
18,415
27, 954
54, 028
19, 716
18, 174
28, 262
52, 262
19, 536
18,396
27, 599
51, 431
18, 725
17, 754
27, 433
51, 577
18, 861
17, 773
27, 341
51.983
18.976
17,850
27, 258
Ratio of gold certificate reserves to deposit and FR
note liabilities combined
percent..
42.9
42.4
41.9
42.0
40.7
41.0
41.1
40.6
40.5
39.9
40.6
41.5
41.4
41.2
A 11 member banks of Federal Reserve System , averages
of daily figures:*
Excess reserves
mil. of dol
Borrowings from Fed. Reserve banks
do
Free reserves
.
do_ _
461
601
-140
417
676
-259
448
767
-319
408
921
-513
400
957
-557
472
1. 007
-535
410
903
-493
446
905
—459
445
878
-433
482
906
-424
455
816
-361
416
635
-219
r 408
f 602
r-195
60, 057
62, 016
60, 240
60, 835
62, 214
60, 216
60, 180
61,239
61,017
63, 204
60,616
59, 530
59, 072
60, 702
63, 125
4,833
5, 099
64, 249
5, 124
2,934
62, 781
4, 761
2, 806
64, 473
4, 864
3, 056
64, 539
4, 699
3,310
63,014
4,606
3,672
64,184
4. 631
4,279
64, 740
4, 346
3, 477
64, 626
4,782
3,838
67. 641
4,814
3, 139
63, 727
4,921
2, 607
62, 838
4, 920
2,954
61.890
4.823
2. 856
63. 770
4. 981
3.219
30, 337
28, 371
i, 786
14, 991
30, 388
28, 41 1
1,798
13, 790
30, 644
28. 628
1,840
14, 058
30, 967
29, 022
1. 767
14, 189
30, 754
28. 924
1.652
13. 199
30, 707
28, 965
1,569
13,964
30, 740
29, 063
1.508
14, 015
30, 532
28, 963
1,425
13, 330
30, 159
28, 704
1,309
13. 894
30, 533
28, 969
1.420
14, 346
30, 146
28, 483
1, 518
13, 303
30, 146
28. 481
1, 521
12. 783
30, 423
28. 731
1, 550
12, 597
30. 454
28. 679
1 . 640
12.638
Pank
debits, total (344 centers)
XTew York City
6 other centerscf
Liabilities total 9
Deposits total 9
_.
AT ember-bank reserve balances
Federal Reserve notes in circulation
. d o
do
do
do
Weekly reporting member banks of Fed. Reserve System, condition, Wednesday nearest end of month :f
Deposits:
Demand adjusted©
mil. of dol
Demand, except interbank:
Individuals, partnerships, and ccrp
do
States and political subdivisions
do
T T nited States Government
do
Time except interbank total 9
Individuals partnerships, and corp
States and political subdivisions
Interbank (demand and time)
_
do
_ do
do
do
Investments, total
_ do .
U.S. Government obligations, direct and guaranteed, total
mil. of dol_.
Bills
do
Certificates
do
Xotes and bonds
do
Other securities
do
percent
do
do
do
544
905
-361
43, 474
42, 322
41,333
40. 125
40, 367
39, 133
38, 229
38, 144
37, 918
37, 294
36, 141
35. 040
34, 150
35. 563
33, 123
2, 676
2, 854
27. 593
10. 351
31,877
2, 160
2, 673
27, 044
10, 445
31,095
2, 360
2,372
26, 363
10, 238
29. 980
1.747
2. 157
26. 076
10. 145
30, 242
2, 753
1. 850
25. 639
10. 125
29, 057
2,297
1,093
25, 667
10. 076
28, 121
1,990
1,033
25, 098
10, 108
28, 194
2, 096
1,116
24, 982
9, 950
28, 164
2.489
1,123
24, 552
9. 754
27. 468
2. 243
1.084
24. 141
9, 820
26, 444
2,001
1,203
23, 240
9, 697
25. 352
1,617
404
23, 271
9. 088
24, 495
1. 069
431
22. 995
9, 0,55
25. 991
1.474
444
24.073
9. 572
2." 149
63. 351
28. 482
2.187
63. 820
28. 585
2, 106
64. 624
28, 992
2, 025
65, 354
29, 481
2. 061
65. 244
29, 516
2,115
66, 335
30,015
2.188
68, 069
30, 405
2, 579
00, 532
66, 036
' 29, 957 30, 320
1. 7(»9
1, 938
06. 890
31 . 020
1.479
67. 492
30.940
1.M2
1.410
5. 294
12. 198 |
16.638 |
1.438
5. 439
12.277
16.644
1 , 438
]'/ 34 /i
16,713
1 , 355
5. 550
12 456
16,539
1 , 349
5, 271
12 527
1 6, 769
1,329
5. 531
Loons (adjusted) total©
do
Commercial and industrial
do
" "2," 309 "~2~226"
To brokers and dealers in securities
do
Other loans for purchasing or carrying securities
1,430
1,418
mil. of dol._
To nonbank financial institutions
do
11,694
11,820
Peal estate loans
do
Other loans
do
Money and interest rates:§
Bank rates on business loans:
In 10 cities
X>w York Citv
7 other northern and eastern cities
11 southern and western cities
r
1. 742
11,669
4.51
4.29
4. 49
1
4 87
4.71
4 90
5 07
4.84
1
1
17, 516
:
5. 27
5. 14
5. 28
;
•
i
Discount rate, end of mo. (X.Y.F.R. Bank). ..do
Federal intermediate credit hank loans
do
Federal land bank loans
do
3. CO
3.98
5 21
3.00
4, 07
5.33
3. 50
4.25
5.48
3. 50
4. 53
5.48
3. 50
4.82
5. 52
3. 50
5. Ofi
5. 60
4.00
5.07
5.71
4. 00
5. 37
5.88
Open market rates, New York City:
Bankers' acceptances (prime ^0 dnvs^s
do
Commercial paper (prime. 4-6 months)
do
Finance Co. paper placed directly, 3-6mo.*_.<1o
Stock Exchange call loans, going rate
do
2 88
3.35
3.22
3. 75
2.98
3.42
3. 36
3.75
3.17
3. 56
3.44
3. 96
3.31
3. 83
3. 66
4.19
3.45
3. 98
3.81
4.25
3. 56
3.97
3. S7
4.25
4.07
4. 63
4.52
4. 75
Yield on U.S. Government securities (taxable):
3-month bills (rate on new if sue)
do
3-5 vear issues
do
2.852
3.88
2. 960
4.03
2. 851
4.16
3.247
4.33
3.243
4. 40
3. 358
4.45
3. 998
4.78
' 1,306
' 5, 504
1,338
0. 187
19 C.nO
r I')
17. 475
r
615
17.253 ;
5 2d
5. 19
o 39
'
5 :,r>
o. 44
5. 92
4.00
5. 50
6. 00
4 00
5.63
6. 00
4. 25
4.73
4. 70
4.75
4. 25
4.67
4.38
4. 75
4.47
4. 88
4.82
4. 75
4.78
4. 91
5. 02
5.41
4.117
4. 6i
4. 209
4.74
4. 572
4.95
4.430
4.87
4. 00
1 , 2S9
ir/rn=;
17. 360 1
4 . 00
r
1.200
5. 758
i o •-,«»•,
17.041 :
1.251
.". 878
10 -,X1
iscW
5 34 "•
5 IS
5 34 '
4. Oi) i
5. 70 •
6.00
4.00
o. "3
fj. f;0
4.44
4. 66
4. 50
3. 90
4.49
4. 10
5.50
3. NS
4.10
8. 74
5.;«
3. 954
4. 66
3. 439
4.24
6.' 00
1
3. 244
4.23
Savings deposits, balance to credit of depositors:
20. 483
20, 277
20, 335
20, 374
Xew York State savings banks
mil. of dol_. 20, 334
20, 406
20, 363
20, 424
20. 651
20, 551
20. 544
20. 008
20,774 ! 20,0-9
1. 094
1, 042
1, 070
1, C82
1, 023
976
U.S. postal savin gs5
do
962
1,007
928
909
948
894 i
^79
r
P
;
Revised.
Preliminary
Revised effective September 1959 to re fleet cxch sion of Jen ms to non bank fim ncial inst tutions.
*Xew series (from Board of Governors of Federal Reserve Sy >tem): for back datii. see Fedt ml Pesen e Itullc/ii s.
c? Includes Boston, Philadelphia, Chicago, Detroit, San Fran cisco, anc Los Ang eles.
9 Includes data not shown sc] nrately.
fRevised series, reflecting change in coverage and format; leaders i idicatc cc)mparabk data not available . Figures through 1958 on c Id basis a ppear in he 1959 e Jit ion of BUSINESS
STATISTICS; January-June 1959 figures, in September 1959 SURVEY
©For demand deposits, the term ''adjusted" denotes exclusk)n of into -bank ancI U.S. G Dvcrmnon t deposit? and of c;ish items reported is in proc ^ss of colic ction; for loans, exclusion of
loans to banks (domestic commercial banks onlv, beginning July 1359) and d eduction •)f valuatk m reserve * (Individ ual loan it ems are g 'ess, Le.,\»efore ded uction of valuation reserves).
§For bond yields, see p. S-20.
fData are as of end of consecutive 4-week periods ending in naonth ind icated, ex cept June figure wh ich is as c)f June 30 (end of fi seal year)
SUKVEY OF CURRENT BUSINESS
May 1»GO
Un!ess otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-17
1959
March
April
May
June
July
19 60
DecemAugust SeptemOctober November
ber
ber
January
February
March i April
FINANCE—Continued
CONSUMER CREDIT f
(Short- and Intermediate -term)
44,925
45,708
46,603
47, 522
48, 047
48, 841
49,350
49, 872
50, 379
52, 046
51, 356
51,021
51, 162
34, 234
34, 762
35, 357
36, 135
36, 757
37, 510
37, 962
38, 421
38, 723
39, 482
39, 358
39, 408
39, 648
14, 494
8, 691
2, 338
8,711
14, 810
8, 755
2, 364
8,833
15,128
8,887
2,419
8,923
15, 566
9,040
2, 467
9, 062
15, 923
9, 134
2,517
9,183
16 288
9,289
2, 569
9,364
16 470
9,390
2, 613
9,489
16 659
9 534
2. 653
9 575
16 669
9 687
2, 683
9 684
16 590
10, 243
2,704
9,945
16 568
10, 129
2, 691
9 970
16 677
9 997
2,695
10 039
16, 876
9, 940
2. 706
10, 126
29, 499
13. 086
8, 780
2,710
3, 378
1 545
30,010
13, 374
8,921
2, 766
3, 387
1 562
30, 540
13, 645
9,089
2,815
3, 394
1 597
31, 245
13, 963
9, 350
2, 895
3, 424
1 613
31, 861
14, 230
9 592
2, 946
3, 463
1 630
32, 540
14, 497
9 806
3, 044
3, 515
1 678
32, 954
14,664
9 949
3, 093
3, 542
1 706
33,318
14,817
10 071
3,143
3, 570
1 717
33, 519
14, 853
10 117
3,183
3, 622
1 744
33, 838
14, 922
10 145
3, 232
3, 764
1 775
34,003
15, 066
10 168
3, 225
3. 777
1 767
34, 246
15, 134
10 276
3, 259
3, 795
1 782
34, 432
15, 139
10, 357
3,331
3,811
1 794
4,735
1,781
1,045
513
1,396
4, 752
1,781
1,043
524
1,404
4,817
1,807
1,044
535
1,431
4,890
1,839
1, 052
551
1, 448
4, 896
1 , 826
1, 055
565
1, 450
4,970
1,868
1,072
578
1,452
5,008
1, 907
1,078
586
1,437
5, 103
1 , 967
1, 089
593
1, 454
5 204
2, 045
1, 107
592
1,460
5, 644
2, 298
1, 167
588
1, 591
5, 355
2, 109
1,132
587
1,527
5,162
2 002
1,111
590
1,459
5, 216
2,103
1,089
595
1, 429
do
10, 691
10, 946
11, 246
11,387
11,290
11, 331
11,388
11,451
11,656
12, 564
11,998
11,613
11,514
do
d<f cl
3, 755
3,208
547
3,812
3, 291
521
3, 925
3, 337
588
3,991
3, 417
574
3, 954
3, 407
547
4, 034
3,431
603
4,084
3, 455
629
4, 050
3, 466
5.8-1
4,117
3,472
645
4, 176
3, 542
634
4,092
3, 499
593
4, 151
3, 496
655
4,222
3, 503
719
Charge accounts, total
Department stores*
Other retail outlets*
d(
cl<
d(
d<
4, 160
601
3, 2C8
351
2, 974
4, 359
6'J9
3, 405
Service credit
4, 004
608
3, 047
349
2, 932
2, 962
4, 446
599
3, 494
353
2, 950
4, 407
558
3, 467
38'^
2, 929
4, 365
562
3, 408
3 ( >5
2, 932
4, 390
606
3, 383
401
2, 914
4, 525
647
3,491
387
2, 876
4 614
717
3, 506
391
2,925
5, 351
960
3, 985
406
3, 037
4, 816
825
3, 577
414
3, 090
4, 305
686
3, 204
415
3, 157
4, 118
622
3, 070
426
3, 174
3,830
1, 491
995
1,344
4,073
1, 598
1, 090
1,385
4,092
1,580
1,128
1,384
4, 454
1,780
1,173
1, 501
4, 315
1,720
1,109
1,486
4,193
1,627
1, 123
1,443
4, 061
1,515
1, 123
1, 423
4,185
1, 564
1, 398
1,423
3, 928
1,313
1,172
1,443
4, 686
1,293
1, 616
1,777
3, 534
1,278
976
1,280
3,723
1,427
934
1,362
4, 201
1, 633
1, 0'>2
1, 506
3, 621
1 , 336
1,031
1, 254
3, 545
1,282
1,026
1,237
3,497
1, 262
996
1, 239
3, 676
1,342
1, 020
1,314
3, 693
1 , 363
1, 015
1,315
3, 578
1,318
993
1, 267
3, 609
1,333
1, 022
1,254
3, 726
1,375
1,054
1 297
3, 626
1,303
1,019
1,304
3, 927
1, 372
1, 060
1, 495
3, 658
1,300
1 , 090
1,208
3, 673
1,318
1,066
1,289
3, 961
1, 434
1, 119
1, 408
do ._
do
_ do. _
clo
3, 809
1,435
1,075
1,299
3,989
1, 527
1,146
1,316
4,112
1,533
1, 160
1,419
4, 032
1,509
1, 130
1, 393
4,159
1, 557
1, 154
1,448
4, 132
1,538
1, 138
1,456
4,172
1,521
1, 138
1, 513
4, 219
1, 622
1,124
1,473
4, 083
1,466
1,133
1,484
4,046
1,377
1,146
1,523
4, 217
1,535
1,208
1,474
4,115
1,560
1,094
1,461
4,119
1, 555
1,118
1, 446
do
do. __
do
do
3 455
1,276
984
1,195
3 540
1,296
1,013
1,231
3 628
1,318
1,014
1,296
3 542
1,289
992
1,261
3 636
1,334
1,011
1,291
3 635
1,325
1,012
1,298
3 660
1,315
1,045
1,300
3 697
1,341
1,048
1,308
3 700
1,311
1,069
1 320
3 776
1,361
1,066
1 349
3 824
1,386
1,089
1,349
3 707
1,338
1,046
1,323
3 711
1, 345
1, 042
1,324
10,722
8,426
89
6,375
4,258
85
8,155
5,425
89
11,247
10, 154
94
3,936
3, 246
94
7,418
5,679
87
9,552
8, 486
99
3, 626
3,023
90
7,152
5 897
94
8,350
7,582
99
5, 425
4,909
90
9,289
7,265
93
12, 217
9,581
105
2,938
5,459
857
1,378
4,002
477
558
1,255
4,813
410
1,488
1, 355
4,241
4,786
696
1,430
1, 603
568
332
1,339
4,346
368
1,321
1,296
4,100
3,311
704
1,338
1, 468
491
278
1,299
4, 444
405
965
1,244
2,733
3, 180
527
1,811
3,004
564
341
1,427
5,718
483
1,611
1,384
3,332
6,192
1,149
1,439
6, 461
649
6,427
652
6,164
650
8, 631
689
6,557
728
6,305
724
6,357
718
6, 868
7?2
6,598
743
6,844
800
6,199
826
6,170
779
6,424
784
3, 864
1,507
3,898
1, 516
3, 642
1,439
r 4, 487
' 2, 981
3, 772
1,651
3,710
1,471
3,783
1,428
3,980
1,751
3, 643
1,788
4,231
1,384
3,523
1,431
3,684
1,541
Public debt and guaranteed obligations:
282, 034
Gross debt (direct) end of month, total
do
Interest bearing, total
_ _ _ _
d o . . 280, 089
236, 149
Public issues
do
9,705
Held by U S Govt investment accts _T do
43, 940
Special issues
do
1,945
Noninterest bearing
do
285, 353
283, 497
240, 220
9,742
43, 278
1, 856
286, 303
284, 473
240, 271
9,924
44, 203
1,830
288, 682
285, 840
241, 779
9,976
44, 061
2,842
290, 396
287, 599
242, 876
9,862
44, 723
2,797
288, 296
285, 486
241,086
9,784
44, 400
2,810
291, 253
288, 478
244, 882
9,895
43, 596
2,775
290, 589
287, 742
244, 160
10,117
43, 582
2,847
290, 798
287, 704
244, 197
10, 098
43, 506
3,094
291, 085
288. 08(5
245, 456
10, 496
42, 630
2, 999
290, 583
287, 588
244, 753
10, 322
42, 835
2, 995
Total outstanding, end of month
mil, of dol__
Installment credit, total
do_._
Ajitomobile paper
Other consumer goods paner
_
Repair and modernization loans
Personal loans
do
do
__do
do
By type of holder:
"Financial institutions, total
do
Commercial banks
do_ _ _
Sales finance companies
do
Credit unions _ _ _
_ _ _ _ _ _ _ _ _ _ _ do_ _
Consumer finance companies
do
Other
do
Retail outlets, total _
Department stores
Furniture stores
Automobile dealers
Other
__ ___
do
do ..
do
do
do
\oninstallment credit, total
Single-payment loans, total
Commercial banks*
^
Other financial institutions*
__
Installment credit extended and repaid :
Unadjusted:
Extended, total
\utomobile paper
Other consumer poods paper _
All other
Repaid total
Automobile paper _
Other consumer goods
All other
Adjusted:
Extended, total
Vutomob ile paper
Other consumer goods
\]\ other
_ _ _ do, _
do
do
do
_ _
paper
_
_ _
_
paper _
Repaid total
Automobile paper _ _
Other consumer goods paper
All other
_ _ _
do
do
do
do
-
FEDERAL GOVERNMENT FINANCE
Budget receipts and expenditures:
Receipts, total
_ __.
Receipts net
Customs
_
mil. ofdol
do
do
Individual income taxes
Corporation income taxes
Employment taxes
...
Other internal revenue and receipts
Expenditures total
Interest on public debt
Major national security
\11 other expenditures
_ _ do _.
do
do do. _
do
._ ___ do. .
_
do
do
Obligations guaranteed by U.S. Govt., end mo._do
U.S. savings bonds:
Amount outstanding, end of month
do -Sales, series E and H§
. do. .
Redemptions
do
284, 706
281,833
237, 078
9,799
44, 756
2,873
286, 826
283, 772
240, 515
288 787
285, 773
242 930
43, 257
3,054
42, 843
3 014
C
119
107
108
111
110
111
116
118
124
127
130
135
138
132
51,379
414
653
51,190
350
624
51,027
338
586
50, 834
323
634
50, 536
350
775
50, 287
309
647
50,012
300
668
49, 715
358
742
49, 552
332
588
48, 647
377
1,404
48, 273
-421
'923
48, 182
'438
'627
48, 085
'414
'676
47, 953
338
568
LIFE INSURANCE
Institute of Life Insurance: J
Assets, total, all U.S. life insurance companies
mil. of dol_ 108, 945 109, 430 109, 928 110, 424 111, 152 111,646 111, 846 112, 405 112, 904 113, 626 114,202 114, 666 114,965
Bonds (book value), domestic and foreign, total
56, 623
56, 700
56, 742
57, 061
56, 430
55, 730
55, 993
56, 284
56, 477
57, 190
55, 472
57, 214
55,151
mil. of dol.
7,011
7,147
7,016
6,848
7,246
7,259
7,354
7, 169
6,975
7,229
7,235
7,251
6,808
U.S. Government
do
3,154
3,177
3,197
3,222
3,
130
3,138
2,991
2,889
2, 968
3,085
3,115
3,257
2,840
State, county, municipal (U.S.)
do
15, 555
15, 630
15, 744
15, 748
15, 540
15, 761
15, 536
15,515
15, 527
15, 484
15, 768
15, 439
15,403
Public utility (U.S.)
do
3,781
3,794
3,795
3,790
3,792
3,792
3, 796
3,779
3, 796
3,798
3,798
3,775
3,809
Railroad (U S.)
do
23, 738
23, 907
23. 479
23, 788
23, 342
23, 643
24, 002
23, 395
24, 114
22, 880
23, 009
23, 194
22. 680
Industrial and miscellaneous fU.S.')
do
r
c
Revised.
Corrected.
fRevised series (to adjust to 1958 bench-mark data, to incorporate other changes, and to include data for Alaska beginning January 1959 and for Hawaii beginning August 1959). Revisions for installment credit extend back to June 1956; those for noninstallment credit, back to January 1947. For revisions prior to October 1958, see the November
1959 Federal Reserve Bulletin.
*For data prior to March 1959, see Federal Reserve Bulletins.
cfFor data prior to January 1959, see Treasury Bulletins.
§Data for various months through
April 1960 include minor amounts due to late reporting or adjustments on discontinued series (F, G, J, K).
{Revisions for January-October 1958 will be shown later.
Hay 1060
SUEVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1959
March
April
May
June
July
1960
DecemAugust SeptemOctober November
ber
ber
J
!rT
F
aryU"
March
^
FINANCE—Continued
LIFE INSURANCE— Continued
Institute of Life Insurance© — Continued
Assets, all U.S. life insurance companies— Con.
Stocks (book value), domestic and foreign, total
mil of dol
Preferred (U.S.)
do
Common (U.S.)
do
Mortgage loans, total
_
do
Xonfarm
__
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) :J
Value, estimated total
mil. of dol..
Group and wholesale
_ do
Industrial
do
Ordinary total
do
New England
Middle Atlantic
East North Central
West North Central
South Atlantic
East South Central
3,459
1, 654
1,764
37, 737
34, 958
3, 486
1, 663
1,783
37, 894
35, 094
3 547
1, 659
1,845
38, 108
35,335
3 557
1, 670
1,845
38, 282
35, 496
3 566
1,684
1,840
38, 493
35, 698
3 591
1, 697
1,852
38, 744
35, 936
3 630
1, 716
1,871
38, 984
36, 169
3 702
1,713
1.942
39. 299
36, 475
3 717
1,720
1,949
39, 573
36, 753
3 735
1,727
1, 961
39, 769
36 933
3 722
1,750
1 927
40,011
37 155
3, 4.50
4,284
1,211
3.942
3, 469
4,317
1, 187
3,944
3,493
4, 346
1.197
3,966
3, 522
4,380
1,200
3,949
3, 583
4,389
1. 185
4, 056
3. 603
4 423
1,204
4,100
3, 624
4 464
1,173
4,096
3, 631
4 511
1. 195
4,110
3. 673
4, 555
1,228
4.134
3,670
4 605
1 327
4.281
3, 688
4 651
1,236
4,276
3,698
4 709
1, 183
4,382
3 712
4 774
1 153
4 379
5, 804
1, 044
585
4, 175
'r 6, 116
1, 279
579
r
4, 258
' 7. 827
' 2, 495
5?7
' 4, 805
4, 752
847
487
3,418
5,291
953
559
3,779
6. 156
1,077
570
4, 509
289
Q42
920
349
558
216
385
450
204
589
r
r
5, 626
633
4, 237
r
r
6, 131
1.095
598
'4,438
* 265
960
T
860
' 358
r
560
' 213
' 5, 478
' 705
541
'• 4. 232
r
r
r
r
5, 513
r 989
541
r 3. 983
5, 374
'931
558
' 3, 885
249
841
'780
r 329
256
882
'823
r
335
r 555
T
196
r
281
'954
'826
' 320
' 565
200
'
'
'
'
'r
312
990
925
384
617
221
220
728
670
186
'r 234
796
r
768
r
320
' 511
195
497
158
238
812
750
299
489
177
' 392
' 172
r 513
'384
r
111
' 504
r 4Q4
' 392
180
'539
' 478
' 233
' 644
335
153
452
473
814 2
307.4
60 0
10 1
636 3
258. 6
61 0
11,0
656 6
982. 5
57 3
9. 9
48 1
144 2
944 4
75 1
126. 4
104 2
r?9. -i
119 0
58 6
1559
153 6
106
2 453
19. 421
— 21 3
42
4 440
19. 408
•— J3 5
111
] 7 599
r
r 210
261
953
* 870
' 349
r
551
200
255
'922
'838
'342
T
540
202
r 447
' 1 85
r
559
'422
r
191
'548
' 423
' 191
r
525
674. 0
278. 0
58.4
10.0
625. 2
261.4
54. 2
10.0
589. o
241.3
48.7
10.1
635. 9
265. 7
51.9
1 0. 0
586 9
247. 1
47.4
9.9
567. 8
245. 2
44 2
9.3
604 5
259. 5
46 3
9.4
599 9
244.9
50 3
10 1
591.5
244. 5
do
do
do
52.9
137.5
137.2
54.2
131.9
1 13. 5
52 9
119.2
109. 8
55. 8
128.6
123.9
54. 6
124. 7
103.2
52 3
112. 5
104 3
53 4
121 1
114 8
54 3
124 4
108 2
54 8
d^>
do
do
do
do
do
2, 786. 8
465. 7
337 5
314. 4
227 3
1, 442. 0
r
278
1,005
879
r
' 359
r
West South Central
do
Mountain
do
Pacific (incl. Alaska and Hawaii)
do
Institute of Life Insurance: J
Payments to policyholders and beneficiaries, estimated total
mil of dol
Death benefits
do
Matured endowments
do
Disability payments
do
\nnuitv payments
Surrender values
Policy dividends
Life Insurance Association of America:
Premium income (39 cos ) quarterly total
Occident and health
\nnuities
Oroup
Industrial
Ordinary
3,439
1, 647
1,752
37, 602
34, 851
' 5, 930 r 5, 757
' 796
' 838
636
575
r
' 4, 344
4, 498
do
do
do
do
do
do
._
3 421
1, 643
1,739
37, 486
34, 753
576
r 444
202
r 268
r
892
'844
*r 357
537
r
1S9
r
r
r 575
r
414
189
543
T <)99
2, 684. 2
491. 5
251 2
318. 1
188. 3
1, 435. 1
r
r
182
541
4Q Q
9.4
no. r.
116 3
2, 708 9
491 7
295 7
319 6
184 5
1 417 5
5^ 5
770
327
63
11
2
5
5
1
3 069 3
5°6 7
38" 6
394 Q
276 2
1 553 °
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U.S. (end of mo.)
Net release from earmark^
Exports
Imports
20, 442
-48. 0
203
18, 499
mil. of dol__
do
thous of dol
do
Production, reported monthly total 9
do
Africa
do
Canada
do
United States
do
Silver:
Exports
do
Imports
do
Price at New York
dol. per fine oz
Production:
Canada _ _ . _ _
thous. of fine oz
Mexico
__
_ _
do
United States _
do
Money supply (end of month, or last Wee 1 ,.):
furrencv in circulation
Ml of dol
Deposits and currency, total
do
Foreicn banks deposits, net- _
do
U.S. Government balances _
do
Deposits (adjusted) and currency, totalf
do
Demand deposits, adjusted^..
do
Time deposits, adjusted^
do
Currencv outside banks
do
Turnover of demand deposits except interbank and
U.S. Government, annual rates, seas. adjusted:f
New York Citv _ .-- ratio of debits to deposits
6 other centers cf -- - - - - - - do
337 other reporting centers
do
r
20, 305
-127.5
69
3,280
r
19, 705
20, 188
- 136. 5 -491. 7
76
230
15, 477
9,805
19, 626
— 98. 1
244
25, 726
19, 524
-176.3
142
75, 943
19,491
—35 2
115
54 687
19, 585
51 9
62
23 616
19, 566
— 71 4
418
47. 931
19, 456
—112 0
176
9 OQ2
19. 444
— 11 n
86. 600
62, 900
13, 200
3 800
88. 100
64. 200
13, 300
4, 100
89, 400
64, 900
12, 500
4 GOO
91, 400
65, 900
13. 200
5 300
88, 800
66, 200
12, 200
4 900
89, 500
66 400
12, 700
3 800
91,400
66 900
13, 900
3 500
65 600
13,600
3 400
64 400
13. 200
3 700
13, 200
3 400
13,000
3 TOO
103
5, 220
.914
2, 160
3,772
.914
1, 246
5. 241
. 914
270
5, 894
.914
2.981
4, 826
.914
119
7,892
.914
1 756
5 362
.914
184
4 219
.914
138
3, 445
.914
743
5 345
.914
2 134
3.378
.914
1 156
5. 002
.914
2.782
3, 600
2, 823
2, 692
3. 691
2, 946
2,499
3, 256
2, 641
2 677
3, 838
3,219
2, 808
3, 994
2, 609
2,519
3, 696
1.472
2, 447
3,310
390
3, 072
4, 408
510
2, 333
4. 1 96
635
2 679
3 099
"6
31.3
246, 7
3.9
5. 1
31.3
249. 8
»,«
249. 4
5 8
31.9
251. 4
3.4
6.0
32 0
251. 1
3. 3
6.9
31 8
252. 1
3. 3
7. 5
31 9
251 7
3.1
6 4
39 5
251 1
3.0
5. 5
39 o
3.7
6.4
31.9
249. 4
3.6
5 6
237. 6
110.3
99.5
27.9
240. 3
112. 5
99.9
27.9
239. 3
110.7
100. 4
28.1
240. 1
110.7
101. 0
28.3
242. 0
112. 7
100.9
28.4
240. 8
111. 1
101. 2
28. 5
241. 4
111. 4
101. 5
28. 5
242.2
112.7
101.1
28 3
52. 4
31. 8
24.0
56 6
33. 1
24.7
56. 9
32. 6
24.5
53. 1
32.1
24. 0
57. 3
33. 1
24.7
56. 3
33. 1
24.7
32.1
24.6
60.1
32 8
24.7
85, 000
61, 200
13, 200
3 800
r
3 816
3 327
31 6
' 256 0 ' 250 5
2 8
3 2
'6 2
4 8
60 1
33. 2
24.9
.914
2 804
3 451
r
31 6
248 n
55. 7
33. 0
25.1
4 010
9
2.6
' 242. 6 ' 246. 6
' 242. 9 ' 239. 6
'110 5
113. 1
' J15 4 ' 114.0
100. 3
'• 101. 2
' 101. 8 ' 101.0
29 1
' 29 4 ' 27 9
60. 1
33. 6
25.3
1 841
5 501
. 914
58. 5
35. 7
26.4
H 1 r.
47 3
250 4
2 8
5 6
~, 7
239.0
IDS. S
102.2
241.9
111 5
102.4
98 1
r
57.9
34. 0
25.8
56 4
35. 5
P26.2
p
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Fed. Trade arid SEC):O
Xet 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 _.
3,821
258
80
4,858
317
110
3,821
355
105
3,828
321
121
43
136
81
166
93
1 58
51
159
r
Revised.
Preliminary.
) See footnote "t" for p. S-17.
^Insurance written includes data for Alaska beginning 1957 and for Hawaii beginning 1958; revised figures for 1958 and 1959 (including these States) will be shown later. Payments to
policyholders, etc., include data for Alaska beginning January 1959 and for Hawaii beginning September 1959.
§ Or increase in earmarked gold (—).
9 Includes data for the following countries not shown separately: Mexico; Brazil, Colombia; Chile (except for July, August, September, and October 1959); Nicaragua; Australia; and India.
IfThe term "adjusted" denotes exclusion of interbank and U.S. Government deposits; for demand deposits, also exclusion of cash items reported as in process of collection.
fRevised series, replacing unadjusted rates shown prior to the February 1960 SURVEY and incorporating two major changes. See the January 1960 Federal Reserve Bulletin for details and
data back to January 1950.
cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
O Effective with the July 1959 SURVEY, estimates are based on the latest revised (1957) Standard Industrial Classification Manual and, for most industries, are not comparable with
previously published data. Comparable data for 1st quarter of 1958 are available upon request.
SUKVEY OF CUKEENT BUSINESS
May 1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-19
1960
1959
March
April
May
DecemAugust SeptemOctober November
ber
ber
July
June
January
February
March
April
FINANCE—Continued
PROFITS AND DIVIDENDS— Continued
Manufacturing corporations© — Continued
Net profit after taxes — Continued
Chemicals and allied products
mil. of dol
Petroleum refining
do
Stone clay and glass products
do
Primary nonferrous metal
_
__do
Primary iron and steel
do
Fabricated metal products (except ordnance,
machinery and transport equip ) mil of dol
Machinery (except electrical)
do
Electrical machinery equip and supplies
do
Transportation equipment (except motor vehicles,
etc )
mil of dol
Motor vehicles and parts
do
All other manufacturing industries
do
Dividends paid (cash), all industries
do
Electric utilities, net profit after taxes (Feel. Res.)
mil of dol
Transportation and communications (see pp. S-23 and
S-24).
494
658
104
135
374
607
621
231
174
552
562
656
215
116
—89
478
690
135
116
204
100
223
246
164
400
296
187
345
291
98
282
352
71
523
374
88
592
459
61
229
540
62
314
445
1,839
1,856
1,862
2,351
469
385
392
422
SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds, total
By type of security:
Bonds and notes total
Corporate
Common stock
Preferred stock
By type of issuer:
Corporate total 9
Manufacturing
Extractive (mining)
Public utility
Railroad
Communication
Financial and real estate
1, 921
4,511
1,787
2,275
1,452
1,688
1,749
4.122
1,735
1,982
1,979
2,128
do
do
do
do
1, 723
4,202
619
217
92
1,582
1,978
1, 334
1, 558
1. 605
5()2
3 844
1 500
1, 796
1, 856
1 945
' 587
do
do
do
do
do
do
do
656
100
10
336
928
290
9
320
17
16
143
829
266
25
348
20
6
108
923
103
22
348
23
128
145
do
do
do
1, 266
3, 583
2. 583
3, 200
2 574
do
mil. of dol
Noncorporate, total 9
U S Government
State and municipal
New corporate security issues:
Estimated net proceeds total
Proposed uses of proceeds:
New rnonev total
Plant and equipment
Working capital
Retirement of securities
Other purposes
State and municipal issues (Bond Buyer):
Long-term
Short-term
457
151
47
624
167
38
614
254
43
433
93
26
623
117
13
910
236
15
317
20
22
100
552
155
9
173
9
8
118
753
146
14
194
19
36
228
736
216
23
111
1, 364
900
350
457
935
309
523
1,013
940
958
338
569
640
908
809
890
538
737
721
do
do
do
do
do
539
405
135
9
92
832
612
220
9
66
764
556
208
27
814
557
257
15
60
480
305
175
7
51
677
367
310
19
42
665
408
257
12
44
do
do
637
295
940
563
569
411
995
245
457
246
523
467
520
399
10
107
443
637
323
995
120
24
57
161
300
520
644
231
48
783
134
52
549
98
26
893
121
12
251
6
%4
171
909
179
17
351
3
216
672
89
43
154
19
33
279
770
89
15
244
5
79
237
841
332
458
1, 013
1, 307
1 35R
899
873
950
657
753
799
633
106
11
89
803
633
170
8
62
886
631
256
14
50
567
294
273
61
30
688
389
298
14
51
587
235
458
343
476
358
696
268
r f,92
587
659
173
61
380
476
420
690
153
29
435
622
345
521
363
SECURITY MARKETS
Brokers' Balances (N.Y.S.E. Members
Carrying Margin Accounts)
Cash on hand and in banks
mil of dol
Customers' free credit balances
Money borrowed
do
do
Bonds
Prices:
Average price of all listed bonds (N.Y.S.E.),
total §
dollars
Domestic
do
Foreign
do
Standard and Poor's Corporation:
Industrial, utility, and railroad (A 1+ issues):
Composite (21 bonds) cf
dol per $100 bond
Domestic municinal (15 bonds)
do
U.S. Treasury bonds, taxable^
do
Sales:
Total, excluding Tj.S. Government bonds (SEC):
All registered exchanges:
Market value
„
.
thous. of dol__
Face vahio
do
New York Stock Exchange:
Market value
do
Face value
do
New York Stock Exchange, exclusive of stopped
sales, face value, totals
thous. of dol
U S Government
do
Other than U.S. Government, total§
do
Domestic
do
Foreign
do
Value, issues listed on N.Y.S.E., end of mo.:
Market value, total, all issues §
mil. of dol
Domestic
do
Foreign
do
Face value, total, all issues §
Domestic _.
Foreign
.__
r
' XVUVlbUU.
Revised.
_
do
-do
do
379
359
364
363
3, 458
1, 257
2,195
3, 567
1,205
2,408
3 549
1,188
2,411
3, 546
1,094
2,483
3 528
1,079
2,433
3 424
],035
2,416
3 406
1 039
2,380
3 378
91.03
91. 16
82. 27
90. 02
90. 14
82.63
89. 60
89. 64
87.42
89.17
89.19
87.88
89.32
89. 36
87.08
88.22
88.22
87. 24
87 71
87.79
81.80
98.2
103. 4
87. 37
97.0
102.2
86. 21
95.0
100.4
85.31
94.0
99.4
85. 16
93. 8
99.4
85. 00
94.3
100.6
85. 11
199,318
175, 922
168, 307
152, 583
157, 377
138, 914
149. 949
140, (555
147, 625
140, 515
196, 941
173, 466
165, 266
149, 690
155, 137
136, 747
147, 850
138, 682
150, 585
137, 284
119, 101
150, 585
143, 741
6, 844
137, 284
131, 689
5, 595
106, 638
103, 966
1,564
117, 142
114, 053
1,901
0
383
374
377
372
375
3 438
3 430
2 493
2 583
88 85
98 95
81. 61
88 42
88 52
81.32
87 48
93 0
98.3
83. 15
92 8
100. 1
84. 95
135, 448
131, 301
156, 380
153. 568
146, 184
138, 794
133, 845
129, 438
154. 805
151, 824
121, 943
121, 325
110, 616
114, 538
4,553
121, 943
115, 870
6, 072
121, 325
115, 512
5, 813
0
110,616
105, 166
5, 449
106, 004
103, 343
1,574
106, 396
102, 770
2, 539
105, 872
102,219
2, 569
106, 135
102, 511
2, 538
103, 924
101 253
1, 585
117, 751
114, 652
1,905
118, 746
114, 647
2,905
118,725
114, 607
2,923
118. 822
114,711
2,914
117,895
114, 776
1,922
0
0
119,101
0
0
360
907
2,405
3 333
1 001
2 423
375
300
3 207
3 145
366
981
988
2 390
2 220
8S SO
81. 18
88 °6
8S 3')
80 9S
81. .17
90 90
91 . 02
82. 54
92 9
100 9
84.82
99 4
99.3
83. 00
02 ()
98 3
81. 81
92 8
100. 4
83. 00
93 9
101. 9
85. 32
143, 838
145, 716
142, 252
146,631
173, 204
177, 574
148, 240
140 910
133, 529
135 138
158,050
141 290
143, 316
189, 702
144,516
170 098
174, 505
144 094
143 885
131 001
133. 179
155 085
1 50, 053
145, 137
123. 333
1 32, 040
155, 742
150, 433
5,309
110,340
0
110,340
110 125
110 392
123, 333
118, 068
4, 665
130, 050
11
130,039
124 668
5,371
155, 742
145, 137
140,018
5,119
o 215
110 029
0 3(51
103, 473
100, 826
1, 573
106,899
104, 223
1, 589
106,499
103 826
1,582
105 422
102 723
1.017
100, 2*7
103 590
1 010
107 041
104 3 tO
1 021
109, 055
100, 814
1 , 034
117, 967
114, 846
1, 923
120, 319
117,171
1,947
120.441
117,291
1, 945
120, 508
117,311
1, 992
120, 431
120 400
120, 627
117,237
117,277
117,350
1,988
1, 985
1,297
0
0
974
990
0
XS. (Jt
9
110,390
84. 24
j 57, 591
0
132,040
125,250
6, 784
QSee corresponding note on p. S-18.
9 Includes data not shown separately.
§Data include bonds of the International Bank for Reconstruction and Development not shown separately; these bonds are included in computing the average price of all listed bonds.
c?Number of bonds represent number currently used; the change in the number does not affect the continuity of series.
^Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
Mav I960
1959
March
April
May
June
July
1960
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
FINANCE—Continued
SECURITY MARKETS— Continued
Bon ds— Con tinue d
Yields:
Domestic corporate (Moody's)
percent. By ratings:
Aaa
_ _ - .-do
Aa
do
A
_do
Baa
do
By groups:
Industrial
do
Public utility
_
do ._
Railroad
do
Domestic municipal:
Bond Buyer (20 bonds)
do
Standard and Poor's Corp. (15 bonds)
do
U.S. Treasury bonds, taxable §
do
4.40
4.47
4.60
4.69
4.72
4.71
4.82
4.87
4.85
4.87
4.91
4.88
4.81
4. 7»>
4.13
4.23
4.40
4.85
4.23
4.32
4.45
4.86
4.37
4.46
4.61
4.96
4.46
4. 56
4. 71
5 04
4.47
4.58
4.75
5.08
4.43
4. 58
4.74
5.09
4.52
4.69
4.87
5. 18
4.57
4.76
4.87
5.28
4.56
4 70
4.86
5 26
4.58
4 74
4.89
5 28
4.61
4 77
4.93
5 34
4.56
4 71
4.92
5 34
4.49
4.62
4. 86
5.25
4.45
4 58
4.79
5 20
4.28
4.43
4.51
4.35
4.49
4. 56
4.46
4.67
4.67
4. 55
4.77
4. 76
4.58
4.79
4.79
4.80
4.77
4. 56
4.68
4.89
4.88
4.70
4.95
4.96
4 69
4. 86
4 99
4 70
4.86
5 05
4. 74
4.92
5 08
4 71
4.89
5 05
4.64
4.79
4.99
4,01
4.70
4 97
3.33
3 76
3.92
3.50
3 84
4.01
3.61
3 97
4.08
3.81
4 04
4.09
3.59
4.04
4.11
3.72
3.96
4.10
3.72
4. 13
4.26
3. 55
3 99
4.11
3.60
3 94
4.12
3 77
4 05
3 68
4 13
4.37
3.65
3 97
4.22
3.50
3.87
4.0$
4.17
1,798.6
810.7
317.9
1,821.1
852.9
331.2
1,884 6
833.2
383 0
2 385 3
961 6
423. 6
1, 893. 0
873 ?
156. 2
275 8
8.5
71.4
124 5
3.2
130. 4
1 210 0
108. 3
177.4
276 5
7.6
75.7
127 8
2.5
169 5
1 217 4
106. 3
160. 6
276. 3
8.0
103 4
153 5
2 5
323 6
1 502 9
121 4
242 1
290 2
10 6
141.4
129 7
3. 1
112.7
1 243 9
105. 7
17° 5
303 4
9 6
194 7
107. 8
20 7
54. 4
Stocks
Cash dividend payments publicly reported:
Total dividend payments
mil of dol
Finance
do
Mining
Public utilities:
Communications
Electric and gas _.
Railroad
Trade
..
Miscellaneous
do
123. 7
1 184 6
105. 4
do
- - do
do
_ . do
do
72 1
156. 6
81.2
45. 0
30.0
175 8
105. 7
21.0
60. 2
7.5
16
94.8
2. 5
13.3
6. 6
73 ?
160. 3
62. 1
48.0
28. 8
19? 8
107.9
17.7
65.4
7.6
1 5
96.5
5.5
13.7
8.0
83 5
165 9
60. 0
49.9
32. 1
193 3
104. 4
20.2
60. 5
9.9
1 5
97.7
4 3
12.3
7 8
87 6
171.0
78 8
59. 3
40 7
195 1
105. 8
32 8
72.9
12 1
1 5
99. 1
5.0
30. 7
7. 1
87 8
171.0
5. 35
5 72
2. 59
3. 40
3.81
4.23
5.39
5. 75
2.60
3.40
3.81
4.23
5. 41
5.80
2. 60
3.40
3.81
4. 26
5.41
5 80
2.60
3 37
3.81
4.26
5. 41
5. 80
2. 60
3.37
3.81
4.31
5. 39
2. 02
3.41
3.81
4.33
5. 39
5. 77
2. 63
3.41
3.82
4.33
5. 45
5. 85
2 63
3. 48
3.82
4.33
5. 50
6 01
2. 64
3 48
3.82
4. 33
5. 56
6 01
2 64
3 53
3 90
4 40
5. 58
6 04
2.67
3 53
3.90
4.40
o' 03
2. 07
3 53
3. 90
4. 40
6 03
3 5'3
3. 90
4. G3
155.86
174.47
68. 12
73. 93
163. 87
184.82
67. 24
76. 95
166.31
188.58
60. 28
164.71
187. 48
64 25
78. 55
170.35
196.07
66. 49
77.38
109.21
104. 70
67. 39
74. 35
101.30
184.04
05. 69
71.49
162. 37
186.60
65. 51
70 24
164. 47
189. 96
65 38
68. 39
169. 29
195 43
65 77
70 24
150. 01
178. 05
64 07
07. 98
1 57. 80
177 30
06 13
07 05
155.24
174.01
00 60
64. 1 5
152.00
109 *'•>
07 30
3. 43
3.28
3.80
4.60
3.95
3.29
3.11
3. 87
4.42
3.98
2.57
3.25
3.08
3.92
4.39
3.73
2.67
3. 28
3.09
4.05
4.29
3.77
2.71
3.18
2.96
3.91
4.36
3.57
2.67
3.19
2. 96
3.89
4.59
3.57
2.74
3.34
3.13
4.00
4.77
3.73
2. 97
3.36
3.14
4.01
4.95
3.70
3.03
3.38
3.16
4.04
5.09
3. 57
2.83
3 28
3. 08
4 01
5.03
3 38
2 72
3. 50
3. 39
4. 13
5.19
3.08
2 86
3. 53
3.40
4.04
5. 20
3.84
2 70
3. 59
3.47
4.01
5. 50
3.85
2.87
3 68
3 56
3 97
5. 70
-
Dividend rates, prices, yields, and earnings, common
stocks (Moody's):
Dividends per share, annual rate (200 stocks) .dollar?-..
Industrial (125 stocks)
do
Public utility (24 stocks)
do
Railroad (25 stocks)
do
Bank (15 stocks)
do
Insurance (10 stocks)
_ __
do
Price per share, end of month (200 stocks) 9 - - . d o
Industrial (125 stocks)
do
Public utility (24 stocks)
do
Railroad (25 stocks)
do
Yield (200 stocks)
Industrial (125 stocks)
Public utility (24 stocks)
Railroad (25 stocks)
Bank (15 stocks)
Insurance (10 stocks)
_ _
percent
do __.
._ .
do
_do
do
do
Earnings per share (at annual rate), quarterly:
Industrial (125 stocks)
dollars
Public utility (24 stocks)
do
Railroad (25 stocks)
do
10.30
3 69
4.12
Dividend yields, preferred stocks, 14 high-grade
(Standard and Poor's Corp.)
percent- .
4.48
4.51
4.68
4.79
4.75
4.70
4.80
4.81
4.81
210.19
609. 12
93.68
162.56
212.12
616.99
92. 58
165. 30
214.78
630 80
91. 33
166. 54
212.34
631 51
86. 70
164. 46
221. 03
662. 81
89.10
169. 09
219.84
660. 58
91.24
163. 24
210. 97
635. 47
87.67
155. 38
212. 04
637. 34
87.87
157. 51
211.25
646 43
86. 56
150. 26
Prices:
Dow-Jones averages (65 stocks)
Industrial (30 stocks)
Public utility (15 stocks)
__
Railroad (20 stocks)
Standard and Poor's Corporation:
Industrial, public utility, and railroad:cf
Combined index (500 stocks)
1941-43=10.Industrial, total (425 stocks) 9
Capital goods (129 stocks).
Consumers' goods (196 stocks)
Public utility (50 stocks)
Railroad (25 stocks) .
Banks:
N.Y. City (12 stocks)
Outside N.Y. City (17 stocks)
Fire insurance (17 stocks)
217
671
87
153
5?
35
09
79
4.87
214 81
655 39
86.78
156. 15
4.82
200
624
85
150
74
88
87
73
203 5?
614 70
87. 36
144. 17
57.10
57.96
57.46
59.74
59.40
57. 05
57.00
57. 23
59.06
58.03
55. 78
55. 02
59.79
61.67
45. 10
45.06
35.47
60.92
62.10
45.87
45.12
35.94
62.09
64. 81
47.12
44.30
36.07
61.75
65.52
47. 09
42. 58
36. 02
64. 23
67. 82
49.82
44. 77
36.86
63.74
66.73
49.11
45.15
35. 56
61.21
64. 16
48.15
43.59
33.78
61.04
64. 25
48.22
44.11
34.32
61. 46
64. 63
48.81
43.71
32. 80
63
67
49
44
33
56
14
97
31
57
62 27
r
65. 01
49 00
44 50
33. 68
59 60
61. 43
46 51
44 38
32.54
58 71
60.28
46. 14
44 60
31.01
do do
do...
26. 30
52.09
35.60
24.70
51.37
34.22
25.15
50.47
33.39
25. 77
51. 15
31.66
26. 98
53.00
33.28
27. 25
53.46
33.57
26 72
53.02
31.56
26. 31
53. 81
30.60
26.93
54 75
31. 17
29 47
56 59
33 19
28.80
50 47
33. 66
26. 80
53 94
33. 23
9
6 87
52 78
33.24
4,805
149, 631
4,901
146, 658
4, 325
123, 504
4,670
133, 148
3,572
102, 919
3, 372
97,364
3, 591
102, 521
4,020
120, 394
4 528
141, 308
4,167
129, 141
r
3 616
103, 097
3 950
121,791
r
3, 939
91, 659
4,119
95, 517
3,676
82, 027
3,929
91, 386
3,026
69, 705
2,875
67, 534
3.069
72, 810
3, 407
83. 884
2 767
90, 021
3 518
85, 579
3 068
72, 566
3 356
85, 102
75, 887
70 969
64 351
70 889
51, 052
57, 518
61 330
64, 558
72 244
63 932
60 533
65 715
294, 256
5,163
299. 044
5,270
298, 785
5,463
309, 520
5,502
304, 569
5. 510
290, 564
5, 629
295. 165
5, 658
299, 112
5,733
307, 708
5,847
287, 977
5.930
291, 191
6,002
287, 416
6, 050
r
Revised.
v Preliminary.
§For bonds due or callable in 10 years or more.
9 Includes data not shown separately.
cTNumber of stocks represents number currently used; the change in number does not affect continuity of the series.
T
5. 5y
0 05
o <)7
3 5»>
3 90
4 03
f)9 &
3 y">
2 f-)3
4.76
56. 15
Shares listed, N.Y. Stock Exchange, end of mo:
Market value, all listed shares _ _ __ . mil. of dol. _ 283, 202
5,106
Number of shares listed
millions..
4.85
10 1
10 50
P 3 87
P 4 49
do
do _.
do
do
do
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
5, 308
Market value -- .-. -mil. of dol
Shares sold
thousands . _ 186, 246
On New York Stock Exchange:
r
Market value
mil. of dol r 4. 331
Shares sold
thousands. . 108, 470
Exclusive of odd lot and stopped sales (N.Y.
82 450
Times)
thousands
r
p
r q 70
3 82
7 86
7.80
3 77
3.96
11 60
3 75
8.12
51 7
30. 5
9Q5
023
89
14°
04
48
10
97
57 291
SURVEY OF CURRENT BUSINESS
May 1060
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-21
1959
March
April
May
June
July
1960
August
Septem-
ber
October
Novem- Decem-
ber
ber
Janu-
ary
Febru-
ary
March
April
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
BALANCE OF PAYMENTS (QUARTERLY)
Kxports of goods and services, total
mil
Militarv transfers under grants, net
Merchandise, adjusted, excluding military
actionsj
__
mil.
Income on investments abroad
Other services and military transactions
Imports of goods and services,
total
Merchandise, ad justed Jcf1
Income on foreign investments in U S
ATilitary expenditures
Other scrvicescf
--
of dol
do
transof dol
do
do
do
do
do
do
do
5 866
485
6,398
600
6,256
380
3, 798
635
948
4, 061
669
1,068
4,032
721
1,123
4.320
923
1,039
5, 422
3, 604
180
801
837
5,992
3, 885
193
821
1, 093
6, 166
3,852
207
773
1,334
5,894
3,994
242
739
919
+90
Balance on goods and services
do
+444
+406
Unilateral transfers (net), total
Private
Government
_
do
do
do
-1,104
-140
-964
-1,175
-138
-1,037
U S long- and short-term capital (net) total
Private
Government
foreign long- and short-term capital (net)
Gold sales [purchases (— )] _
Errors and omissions
do
do
do
do
do
do
-472
-383
-89
+819
+96
+217
-2,395
-752
- 1,643
+2 066
+741
+357
FOREIGN TRADE
Indexes
Exports of U.S. merchandise: O
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
Seasonally adjusted
do
Cotton fincl. linters), seas, adj
_ do
Imports for consumption, total:
Unadjusted
do
Seasonally adjusted __ _
_ do
Supplementary imports, seas, adj
do
Complementary imports, seas, adj
do
Shipping Weight
"Water-borne trade:
Exports, incl. reexports §
thous oflorp'tons
General imports
do
914
-131
-783
-155
-641
—405
— 236
+1 236
+ 167
-366
—605
+239
+438
+72
+ 140
+62
271
591
218
275
600
218
291
629
216
265
577
217
275
596
217
261
568
218
275
601
219
274
601
219
274
600
219
310
681
219
230
618
269
219
589
269
224
608
271
240
651
271
223
603
270
214
580
272
243
658
271
215
591
274
299
615
277
255
698
274
135
125
78
134
139
76
152
155
82
142
161
152
198
100
136
170
63
162
171
107
169
153
135
199
167
199
206
167
162
°ii
196
°60
9()9
124
108
113
104
112
97
103
93
114
121
110
131
105
108
110
106
96
107
118
98
116
126
118
133
140
154
122
179
86
99
89
106
89
103
100
105
119
108
116
105
84
74
96
62
106
111
103
7.023
15, 503
7.327
12, 392
8, 624
14, 159
8, 1 62
17 552
10 no
13 860
8 948
13 879
8 309
15 633
7 890
14 710
7 684
15 677
8 701
16 5%
1,407. 8
Value O
Exports (mdse.), including reexports, total ^
mil. of dol. . 1,455.8
By geographic regions:A
Africa
do
80. 9
Asia and Oceania
do
263. 7
Europe
do
337.2
1, 478. 9
1, 550. 7 1,422.5
2
197
189
113
1, 396. 6
1,479.1
1,481.6
1,478.6
1,674.5
1.561.8
1. 576. 1
52.8
245. 9
351.3
55. 1
253. 5
365. 8
67. 2
250. 6
332.0
49. 6
249. 2
371.6
52. 6
240. 6
366. 9
51.0
240. 0
445. 6
49.1
257. 9
401. 1
53. 8
268. 5
427.1
66. 6
305. 2
514. 9
52. 5
311 2
498.5
397 4
470. 1
do
do
do
321.2
141.5
167. 1
327.1
151.0
165 4
349. 2
1 49. 0
185. 4
353. 7
149. 2
158 0
320 9
153 0
168 1
297. 6
138 0
160 7
302.8
147 0
173 9
324. 4
156 7
159 9
286 8
150 1
154 8
306. 5
153 0
174 0
283 0
133 4
1 59 5
295 4
1 'i'-* 2
1 58 6
do
do
3.7
19.6
10.5
18.3
11.7
19.5
10.2
18.8
6. 1
18 3
10. 0
20 0
9.5
16 9
17 8
12.6
17 8
18.8
21 2
12.5
16 7
10 3
23 3
do
do
do
15.3
2.4
51.6
15.4
2.6
42 0
18.5
2 Q
40 7
17.9
2 4
41 9
21.3
30.3
2 2
29 2
30.9
31
25 2
30 0
2 2
9g g
32 3
2 3
24 9
24. 5
2 7
30 0
19 Q
0
2
47 4
96 6
35 4
do_ _
do
do
73.4
5.0
23.7
73.1
4.6
20.8
70.5
4.8
24.9
71.6
4 4
26.9
80 4
7 5
22 9
70 0
8 1
22 4
63 3
4 4
24 7
73 4
7 0
24 5
90 3
4 7
25 8
121 3
8 0
25 6
106 4
12 3
23 2
107 5
8 8
93 Q
do
do
do
24.6
0)
56.6
28.2
(0
60.4
30.7
.3
56.9
20 9
.4
56. 9
23 5
21 7
27 7
(0
65 1
27 2
0
66 0
30 7
0)
72 0
53 0
0)
87 2
50 3
2
97 i
Italy
do
Union of Soviet Socialist Republics.. ___ do
United Kingdom
do
North and South America:
Canada
do
34.2
.1
50.9
28.7
.4
60.0
32 2
.1
69.1
31 7
.4
61 2
46 3
97 4
44 4
1 2
100 7
Northern North America
_
Southern North America.-.
_
South America
Bv leading countries:A
Africa:
United Arab Republic (Egypt Region)
Union of South Africa. _ _ _
Asia and Oceania:
Australia, including New Guinea
Colony of Singapore _ _ _
India and Pakistan
__
Japan
Republic of Indonesia
Republic of the Philippines
Europe:
France
East Germany
AYest Germany
Latin American Republics, total 9
Argentina
Brazil
Chile
Colombia.
Cuba
Mexico
Venezuela
_
.
T
do
do
do
do- .
do
do
do
do
9 g
0
0)
61 3
61 9
35 6
30 4
.1
62 5
41 9
.1
120 9
33 8
.3
89 5
31 3
3
84 1
.6
60 2
1,751.2
9 8
61 3
41 3
0)
84 2
50 3
4 6
94 7
321.1
327.1
349.2
353.7
320 8
297 6
302 7
324 3
286 8
306 5
283 0
295 4
288.8
296.6
312.6
288.7
301.1
279.2
298.8
289.3
282 8
303 4
270 1
268 7
13 2
46.2
10.8
14 2
36 2
10.4
15 8
43 3
14.2
18 6
28 4
10 3
92 9
27 4
11 4
26 2
30 8
9 5
23 0
35 7
11 6
16 4
95 5
11 1
21 2
30 4
10 9
25 7
31 5
15 0
24 7
27 6
16 2
9g 7
15 4
31.1
59.9
60.9
17 4
33 4
63.2
63.4
20 2
38 1
56 9
69.7
17 2
40 1
62 4
63.0
18 4
39 6
65 4
65.7
18 0
36 6
57 4
54.4
15 6
41 7
66 4
66.1
15 2
40 7
60 4
58.0
19 8
—
151
19 9
20 0
20 6
31 4
23 8
21 5
69 1
60 6
59 2
52. 9
52.2
54! 5
Includes carryovers of approximately $15 million from May and June; appropriate amounts are included in components,
17 6
38 6
56 5
62.6
2
Revised.
» Preliminary.
1 Less than $50,000.
Revision for December 1958: 7,033 thous. long tons.
^Adjusted for balance-of-paymcnts purposes, mainly for valuation, coverage, and timing. cf Excludes military expenditures.
©Revisions for January 1958-January 1959 will be shown later.
^Excludes "special category" shipments and all commodities exported under foreign-aid progrnms as Department of Defense controlled cargo.
}[ Data include shipments (military and economic aid) under the Mutual Security Program. Total MSP military shipments (including, since earl:
•ly 1956, also "consumables and construetion" shipments) are as follows (mil. dol): March 1959-March 1960, respectively—Si.2; 136.2; 140.2; 75. 6; 114.6; 97.1; 79.7; 83. 7; 102.2; 105.2; 77.7- 78.9: 117".2.
AExcludes "special category" shipments.
9 Includes countries not shown separately.
3
SUKVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
May 1960
1959
March
April
May
June
July
1960
DecemAugust SeptemOctober November
ber
ber
January
February
March
1 658 8 1 543 7
April
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
ValueO— Continued
Exports of U S merchandise totalt
mil ofdol
By economic classes:
Crude materials
do
Crude
foodstuffs
__
do
Manufactured foodstuffs and beverages _. . d o _ _ _
Semimanufactures 9 -do
Finished manufactures 9
do
By principal commodities:
55
Agricultural product totaled
do
Cotton, unmanufactured
Fruits, vegetables, and preparations
Grains and preparations
Packinghouse products. _
Tobacco and manufactures
1 440 8
1 463 0
1 533 9
1 406 5
1 453 0
1 383 9
1 464 2
1 465 9
1 462 4
1 559 ?
1 733 1
134.0
120.0
76.9
191.5
918.4
131. 9
113.2
78.8
203. 6
935.6
141 0
131.2
90. 6
213. 6
957. 5
133.6
121.5
92.1
203. 5
855. 9
138. 1
138. 1
96.0
213.0
867.8
130.5
117.2
99.4
208.3
828.6
186. 1
114.4
102.5
226.7
834.6
184 7
107. 3
108.7
183.2
882.0
232 5
117. 1
94.4
193. 6
824 7
245.3
126.2
92.3
260.0
935.0
242.7
122.4
82.9
239. 8
855. 9
208 2
130.7
93. 3
251. 1
875 9
?01 2
128.6
93.2
283. 2
1 026 9
292 0
296 3
325 0
304 3
326 9
298 2
361 3
359 9
405 9
420 0
413 2
399 i
388 2
do
_do
do
__do
do
36.3
27.3
118. 5
21.4
31.8
31.7
29.5
110.8
20.6
24.6
31.1
33. 1
129.8
22.4
26.5
29.7
37. 5
121.9
22.4
26.1
15.9
32.2
132. 6
23.8
25.5
11.6
35.6
119. 5
23.5
39.2
26.0
33.5
111.3
25 9
81.8
46.2
44.6
103. 1
27.0
44.2
78 0
34. 4
108 0
27.2
44 7
89.1
29. 8
123.9
24.0
50.9
137. 5
32.7
121. 4
25. 5
23.9
106 6
29. 7
136 G
22.9
26 6
100 3
28. 5
137 0
24.4
28 1
do
1, 148. 8
1, 166. 7
1, 208. 9
1, 102. 3
1, 126. 2
1, 085. 7
1, 103. 0
1, 106. 0
1,056.5
1,238.8
1, 130. 5
1, 160. 1
1,344.9
Automobiles, parts, and accessories
Chemicals and related products§. __
Coal and related fuels
Iron and steel products©
do
do
do
do
118.0
122. 3
29.9
52 5
118. 1
119.5
31.9
54 4
118.3
130. 2
34.2
55 1
105. 2
121.3
29.5
59 9
101.1
122.9
36. 8
55. 7
83.4
123. 1
39.8
36 8
89.7
139.6
36.5
31 2
107.2
118.2
32.4
29 9
101.3
109. 9
27.0
36. 1
99.4
152. 4
29.8
53 8
112. 5
132.7
21.8
50 1
122. 8
121. 1
22 5
55 0
125.1
146. 6
22 5
67 2
Machinery, total §c?
do
326.9
345. 0
356 2
326.7
319.4
308. 1
316.8
326 1
301. 1
341. 4
315 5
330 2
369 8
do
.do
do
do
do
14.1
31.7
80.9
27 1
158. 3
16.2
33.8
80.8
32 0
166. 5
15.8
35. 1
88.6
32 4
169. 6
16.3
34.9
72. 3
24 2
164.4
15.1
32.3
78.0
21 7
157.4
11. 7
27.5
77.9
24 9
152. 2
9.6
32.9
81.5
22 2
156. 2
8.2
28.7
89.2
22 3
160.9
8.9
23.8
79.4
22 8
150.7
8.8
26. 1
84.1
27.3
174.5
9.8
32.7
73. 9
24 5
156.7
1? 6
35. 6
73.5
?6 9
161.4
15 0
34.2
87. 2
26 9
188.6
do
do
39.2
53.4
45.2
49.3
42.7
54. 4
42.2
47.8
42.8
47.4
38.3
52.1
39.0
58.7
38.5
58.4
31.2
58.5
44.6
66.8
37.8
54.8
35.0
58.4
40.5
61.5
do
1 294 9
1 220. 5
1, 263 8
1, 369. 3
1, 248. 3
1, 189. 1
1 392. 1
1 202 0
1,282.2
1,477.8
1 137 4
1, 287. 8
1 375 3
do
do
do
59.7
234. 6
370.2
57.0
238. 8
375. 5
42.3
231.7
393. 9
49.8
264. 8
399. 7
43.8
245. 9
406. 7
40. 5
253.2
341. 5
58.8
288.4
425.3
35.0
254.7
368.4
51.3
242.0
402.4
60.7
264. 4
471.7
41 6
234.7
359 0
47.9
235.9
406.2
Northern North America
_
do
Southern North America
do
South America
. __
_
do
By leading countries:
Africa:
United Arab Republic (Egypt Region) _ _ _ d o
Union of South Africa _
do
Asia and Oceania:
Australia including New Guinea
do
Colonv of Singapore
do
India and Pakistan ... _
do
Japan
do
Republic of Indonesia
_ _
do
Republic of the Philippines
do
Europe:
France
-do
East Gerrnanv
do
West Germany
_ _ _
do
Italy
do
Union of Soviet Socialist Republics
do
United Kingdom
do
North and South America:
Canada
do
228.0
175 5
226.8
235. 7
139 7
173.8
264. 7
138 0
193.3
301.8
143.3
209.8
267.5
122. 9
161.4
249. 5
103 2
201.1
255. 0
112 2
252.5
281.5
86 4
176.0
291.8
106. 9
187.8
288.8
140.9
251.3
218 1
117 6
166 5
234.9
158 4
204. 5
6.6
9.0
1.1
10.4
.4
7.6
.4
11.1
1.9
9.4
.4
5.9
.2
8.9
.1
8.9
.2
14.3
.3
14.8
.7
12.7
2.6
9.5
11 7
2.6
22.0
77.0
12.6
27.4
19 8
1.6
23.0
79.4
15. 9
25.8
16 7
1.7
21.9
78.0
13.6
27.8
18.3
2.5
20.3
88.9
22.9
29.4
17.3
2.4
20.0
91.2
15.0
30.9
17 2
2.5
19.6
88.4
14.0
34.4
22 5
2.0
20.3
99.3
17.8
36.0
15 3
3.0
18.5
95.9
15.3
25.5
14.1
1.8
19.3
95.9
12. 6
21.1
20.7
2.4
21 0
107. 8
15.0
14.7
14 0
14
20.1
93 8
21.6
22.0
16 2
1. 7
25.2
83 0
15.8
24. 8
34.3
.3
70.6
28.6
2.3
89.8
33.8
3
75.1
29.2
1.5
95.7
43.4
.3
75.2
31.9
1.0
102.5
42.0
9
80. 1
32.5
1.8
98.0
43.5
.6
80.7
33.5
2.0
106.7
37.8
.2
66.7
34. 5
2.3
85.6
42.5
.3
87.3
34.0
3.6
103.5
36.2
.2
75.6
35.2
2.5
94.0
42.9
.2
82.5
32 2
1.0
96.6
45.0
2
99.4
44.0
3.0
103.6
33.6
2
70.2
28 8
.9
86.9
43.2
3
88.4
35 4
3.3
92.8
228.0
235.7
264. 5
301. 6
267. 5
249.2
254. 4
281.3
291.5
288.7
218.0
234 8
345. 4
286. 5
305.9
321.9
259. 5
280.2
334.0
235.3
261.8
353 0
252.4
324 4
13.2
60.8
17.0
23.9
43. 7
53.2
91.8
1, 268.0
10.9
48.9
15.6
22. 7
50 1
42.6
61.6
1,209.1
12.1
53.8
15.8
30.8
49. 6
40. 4
62.4
1,247.2
15.7
38.3
17.3
31.4
54.4
34.9
86.7
1.335.4
8.6
31.6
15. 1
28 0
56.2
27 2
57.6
1. 235.9
10.1
9.7
82. 1
70. 5
14.3
21.7
27.3
43.8
43.1
43. 6
25.6
24.8
66.0
60.7
1, 190.1 1, 349.2
8.8
42. 1
16.1
25.0
20. 1
24.6
62.5
1,211.8
7.8
39.0
17.3
25.5
23.7
28.3
77.2
1,261.4
8.8
66 5
25.8
30.1
27 5
39 1
96.3
1,431.6
7. 0
27. 7
18.9
18.6
25. 6
38.6
72 7
1, 162.5
255.8
176. 4
130.4
303 5
401. 9
236. 1
153.9
142. 5
257 3
419.3
246. 4
101. 1
141.9
261 3
436.5
287 8
136. 5
147. 7
306 2
457.2
244.5
116.4
149. 1
270. 9
455. 1
251. 4
144. 7
137.0
253 8
403.1
265. 1
190, 6
162. 9
274.4
456.1
264.6
113.6
118.2
257.0
458. 4
251.9
129. 2
109.9
299.2
471.1
283. 3
189.5
127. 9
322 7
508. 1
245.0
111.4
105. 9
289. 9
410.3
246. 8
165. 9
117.3
293 5
465. 1
261.3
166.2
131.8
308.3
498.5
371. 1
14.8
106.0
29.0
47.6
23.8
896. 9
9.8
35.2
91.5
20.9
10.2
26.7
51.7
173.3
353. 7
15.6
84.3
26.2
46.6
21.9
855. 4
8.5
44.8
86.4
17.2
9.4
29.2
54.1
102.0
360. 6
16.5
93.0
28.4
51. 5
21.0
886. 6
7.9
49.8
91.9
20.6
8.9
27.7
60.3
99.3
336 7
14.9
74.2
29.1
52. 3
18.7
998.7
8.9
55 2
110.9
26.6
19.7
29.9
59.5
142.2
317.1
9.4
61.7
32.0
58.1
15.2
918.8
6.5
59.4
94.8
19.9
5.7
29.9
54.2
93.9
351.3
9.4
99.3
32.0
48.3
14.7
838.7
4.5
49. 1
87.6
22.2
5.5
28.5
54.9
102.8
418. 6
14.4
136.7
35.0
50.5
20.7
930.6
5.9
54.5
94.1
31.1
14.2
28.2
58.8
116.0
276. 9
5.9
65. 7
36.6
23.3
18.0
934. 9
4.2
56.7
93.3
21.9
8.6
29.0
58.9
109.3
283.4
367. 2
10.2
23.0
74.5
113.3
36.3
35.7
17.9
26.2
12.0
18.1
978.0 1,064.3
5.7
21.0
76.0
82.8
105. 6
111.4
42.3
43.5
7.6
7.4
32.0
28.3
60.9
65.1
141. 5
122.8
270. 1
9.5
56.8
26.9
32.2
18.3
892. 4
16.8
••70.2
115.7
40.3
12.5
24.9
48.2
126. 6
343. 1
11.6
101.7
32.7
42.4
19.4
945.5
13.5
69 9
103.2
43.1
9.1
30.1
53.6
131.8
362.9
12.6
95.1
31.4
50.2
23.9
1,003.2
9.8
69.3
98.6
33.2
10.8
29.3
58.1
134.6
Nonagricultural products, totalcf
Agricultural
_
Tractors, parts, and accessories.
Electrical
Metal working §
Other industrial
Petroleum and products
Textiles and manufactures.
General imports, total
By geographic regions :
\frica
_ _
Asia and Oceania
Europe
_
_
Latin American Republics total cf
_ _
do
Argentina
do
Brazil
do
Chile
do
Colombia
do
Cuba
do
Mexico
_
do
Venezuela
do
Imports for consumption, total
.
do
By economic classes:
Crude materials
do
Crude foodstuffs . _
_ _ _ _ _ _
do
Manufactured foodstuffs and beverages __ __do.
Finished manufactures
do
By principal commodities:
Agricultural products total cf
do
Cocoa (cacao) beans, incl. shells
do
Coffee
.
.
_do
Rubber, crude, including guayule..
.do. _
Sugar
-.
do
Wool and mohair, unmanufactured.
do...
Nonagricultural products, total c?
do
Furs and manufactures
__ _ _ _ d o _
Iron and steel products©*
do
Nonferrous ores, metals, and mfs., total cf -do
Copper, incl. ore and manufactures . _do_
Tin, including ore
.
do. _
Paper base stocks
do
Newsprint
_ _ do
Petroleum and products
do
8. 4
49 2
12.8
31.2
40 8
52.4
79.8
1, 288. 6 1.366.1
r
Revised.
ORevisions for January 1958-January 1959 will be shown later.
t See similar note on p. S-21.
9 Data for semimanufactures reported as "special category, type 1" are
included with finished manufactures.
^Includes data not shown separately.
§Excludes "special category, type 1" exports.
©Comprises pig iron, scrap, steel mill products, and
other iron and steel products; excludes advanced manufactures. Revisions for exports and data for imports (prior to December 1958) will be shown later.
*New series; see note
marked "©".
SUEVEY OF CUKEENT BUSINESS
May
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-23
1959
March
April
May
June
July
1960
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines!
Scheduled domestic trunk carriers:
Financial operations (quarterly totals):
Operating" revenues, total 9
mil. of dol
Transport total 9
do
Passenger
do
Property
do
U.S. mail (excl. subsidy)
do
Operating expenses (incl. depreciation)
Net income (after taxes')
Operating results:
Miles flown, revenue
Express and freight ton-miles
Mail ton-miles
flown.
Passengers originated, revenue
Passenger-miles flown, revenue
do
do
407.6
404 0
367.4
24.8
10.0
464. 1
460. 7
420. 6
26.9
10.3
490.9
487.0
445. 0
28.5
10.0
462 1
458 7
414 1
29.2
12.2
391.6
8.3
421.4
22.2
444. 4
22. 6
461 6
50
thousands
flown
do
___do ___
do
millions
64, 795
28, 326
9,993
3, 705
2, 305
63, 029
26, 963
9, 588
3,743
2, 260
64. 036
27, 785
9. 562
3, 818
2, 295
64, 056
28, 543
9, 200
4,112
2,628
65, 895
27, 841
9,128
3,982
2,593
66, 544
29,341
8, 996
4,191
2,734
63, 321
31, 230
9, 307
4,032
2, 515
64, 247
32, 789
10, 138
3,988
2,385
60, 548
27, 521
9, 264
3,712
2,202
63, 577
32, 087
14, 986
3, 745
2,377
62, 564
27, 274
9,741
3,732
2 416
58 697
29, 814
9,729
3 440
2 136
thous. of dol
do__
33, 966
13, 075
31. 403
11, 839
30, 471
11,330
32, 231
13, 029
29, 406
10, 401
30, 292
11, 033
34, 677
14, 708
34, 296
14, 422
32, 079
12,164
40 834
17, 171
27, 508
7,970
29 691
9 930
cents
millions
mil. of do!
17.7
673
115.8
' 17.8
668
117.4
17.8
667
115.9
17.9
630
110.9
18.0
597
112.2
' 18.0
571
107.1
18.1
631
110.0
18.1
666
124.5
18.2
627
117.8
18.2
682
127.1
18 5
616
114 4
18 5
613
112 7
18 5
679
Express Operations
Transportation revenues
Express privilege pavments
__
Local Transit Lines
Fares average cash rate
Passengers carried revenue
Operating revenues
Class I Motor Carriers (Intercity)
Carriers of property (quarterly totals):
Number of reporting carriers
Operating revenues, total
Expenses total
Freight carried (revenue)
Carriers of passengers (quarterly totals):
Number of reporting carriers
Operating revenues, total
Expenses total
Passengers carried (revenue)
mil. of dol
do
mil of tons
907
1, 073. 1
1, 025. 2
65.9
900
1,181.8
1,102. 6
70.5
898
1,159.1
1,103.9
66.5
mil. of dol
do
millions
136
90.6
85.8
51.9
138
109. 8
93.9
57.9
137
134.0
104.4
62.8
137
105. 4
96 3
55.8
Class I Railroads
Freight carloadings (A. A. R.):cf
Total cars
Coal
Coke
__.
Forest products
Grain and grain products ...
Livestock
Ore
Merchandise, l.c.l
Miscellaneous
thousands. _
do
do
do
2,400
412
43
158
' 3, 170
'514
'55
'197
3,419
546
55
206
2,813
471
42
164
2,249
251
28
154
2,712
491
15
211
2, 190
403
12
163
2,908
542
16
202
2,403
452
28
157
2, 376
454
45
156
2, 870
555
58
185
2, 293
423
46
154
2,300
427
47
155
3, OSS
530
50
200
_do
do
do
do
do
202
18
75
176
1,315
'237
'28
'190
'213
' 1,736
243
28
365
209
1,767
240
17
319
162
1,397
242
15
190
156
1, 214
265
24
54
205
1,448
201
32
35
165
1, 179
284
55
50
213
1 546
225
32
156
154
1 199
176
19
146
143
1,237
229
22
109
176
1,536
185
14
85
149
1 237
194
17
79
153
1 228
23S
21
226
189
1 63."
113
84
136
127
115
85
141
127
118
92
144
130
115
92
136
129
96
61
81
129
95
81
40
130
96
87
42
127
98
90
42
123
107
97
93
136
120
97
142
143
119
95
143
141
113
87
137
129
110
87
146
126
113
8H
126
130
155
42
229
28
128
153
44
173
27
133
159
44
173
27
134
169
35
180
26
129
143
35
88
25
114
135
37
25
26
108
132
46
21
26
108
161
52
23
26
107
167
46
152
25
114
134
36
403
24
129
137
35
310
24
131
133
32
297
24
127
150
38
252
24
121
150
34
252
24
1°~
r 857. 8
' 734. 5
51.4
856.4
736.8
48.3
879.5
756. 9
50.5
899. 8
765. 7
61.5
821.6
687.3
64.2
774.4
642.7
62.4
769.2
648.7
49.9
808. 3
687. 3
47.3
780.9
658.9
48.3
845. 8
696. 3
60. 5
789 3
667. 7
55. 1
774 2
658. 9
50.9
847 6
723 4
52 2
655.5
652.7
667.9
674. 2
658.5
629.4
615.1
625.8
617.4
654 3
633 9
620 7
123. 2
'79.0
58.0
121.3
82.3
62.4
124.2
87.5
71.7
136. 3
89. 4
72.6
114.2
48.9
31.3
105. 1
39.9
25.2
108.3
45.8
29.3
115.4
67. 1
50.0
107. 2
56.4
40.7
114. 1
77.3
94.8
111.8
43 6
30.4
111.3
42 2
24 6
51, 232
1.462
1,705
51, 231
1.474
1, 582
55, 440
1.421
1, 691
53, 507
1.467
2,123
46, 179
1. 531
2,296
47, 090
1 412
2,262
45, 786
1. 459
1,714
49, 811
1 420
1,588
48, 881
1 38.5
1,571
49 502
1.431
2, 030
50, 265
1 384
1,824
46 732
12, 365
10, 428
1,937
1 1, 837
9,785
2,052
13, 886
11, 501
2,385
14, 032
11, 657
2, 375
13, 459
10, 859
2,600
13, 242
10, 575
2,667
13,808
11,265
2,543
13,075
10, 591
2,484
13,164
10,859
2,305
12, 942
11,018
1,924
4,726
1,055
4,264
964
4,861
1,344
4,748
1,290
4,837
1,218
4,542
1,114
4,334
1,091
4 287
901
4 595
855
5 249
1,094
4 871
873
5 159
1 063
Freight carloadings, seas. adj. indexes (Fed. Res.):
Total
.
1935-39=100
Coal
do
Coke
do
Forest products
.do
Grain and grain products
Livestock
Ore
Merchandise, l.c.l
Miscellaneous
__ __
___
Financial operations:
Operating revenues, total 9
Freight
Passenger
_ _
___
do
do
do
do
do
mil of dol
do
do
Operating expenses
do
Tax accruals, joint facility and equipment rents
mil. of dol..
Net railway operating income
do
Net income (after taxes) t
do
Operating results:
Freight carried 1 mile _.
mil. of ton-miles
Revenue per ton-mile
cents
Passengers carried 1 mile (revenue)
millions
61 2
Waterway Traffic
Clearances, vessels in foreign trade:
Total U.S. Dorts _
thous. of net tons
Foreign vessels
_
do
United States vessels
do __
Panama Canal:
Total
In United States vessels. _
thous. of long tons
do
' Revised.
§Data beginning 1959 include operations intra-Alaska and intra-IIawaii, not included in earlier figures.
9 Includes data not shown separately.
d"Data for April, May, August, and October 1959 and January and April 1960 cover 5 weeks; other months, 4 weeks.
t Revision for February 1959: $19.9 mil.
5 609
1 256
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
y 1060
1959
March
April
May
June
July
I960
1 DecemOctober NovemAugust September
ber
j ber
January
February
March
8.90
68
118
8.61
68
124
9 38
67
115
100
608
119
April
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Travel
Hotels:
Average sale per occupied room. _
dollars _
Rooms occupied
percent of total
Restaurant sales indexf
same month 1951 = 100- .
Foreign travel:
U.S. citizens: Arrivals. _ _
_____
thousands
Departures
do
Aliens* Arrivals
do
Departures
do
Passports issued and renewed
__
do _
National parks, visits §
do
Pullman Co.:
Revenue passenger-miles
_ ..millions
Passenger revenues
__.
thous. of doL.
8.28
66
114
9.11
72
117
8.48
68
121
9 08
69
117
8.42
60
117
9.41
64
110
9.28
70
116
9. 65
73
114
9.52
65
110
8. 55
53
115
8.82
66
116
150
148
82
66
86
630
139
144
82
64
95
746
143
159
95
79
93
1,348
165
224
99
99
84
3, 158
199
226
105
98
65
5, 306
252
186
121
88
51
5,612
203
145
133
98
44
2, 130
151
122
102
83
37
1 192
119
101
79
68
33
817
110
120
82
91
38
528
127
136
82
62
56
1
561
311
5,063
268
4,356
255
4,124
301
4,813
302
4,829
300
4, 786
249
3,997
258
4, 135
241
3,818
288
4. 590
342
5, 525
312
5. 052
641.
359
223.
387.
105.
59
3
8
3
9
1
2
643. 5
363 9
219.2
387. 4
106. 5
59 6
648.4
364 7
222. 6
388. 9
108.2
59 9
652. 5
367 5
224. 5
392. 8
107.8
60 1
656. 6
366 2
229.3
408. 5
103.2
60 4
654. 3
365. 8
226 9
390. 5
110.3
60 6
654. 3
369 1
222 3
400.2
109 6
61 0
666. 6
376 7
227.0
406. 7
102. 0
61 3
657. 4
376.3
217. 1
394. 3
110.8
61. 6
679.3
363. 3
232.5
423. 3
120.4
62.0
667 1
381 0
221.3
395.9
111 3
69 9
665 2
381 8
218 2
398.1
109. 6
69 5
22, 381
18, 676
2, 664
21, 878
18. 485
2 , 355
21, 920
18.920
1 959
22 828
18,960
2, 849
21, 897
19,720
1.171
21,905
18,812
2,218
21,992
19, 114
2,034
22, 023
18,967
2,263
20. 496
18.225
1, 540
29, 671
18, 993
3. ©80
20 356
18, 518
579
IS. 082
1 °<'>0
2 960
2,274
430
3,021
2 356
395
2 8S8
2.413
214
3 055
2, 388
435
3. 094
2. 364
411
2, 936
2, 246
367
3,181
2,304
449
3,237
2, 399
489
3. 068
2 289
449
3. 343
2 751
283
9 970
2,478
135
3 001
2. 112
230
3, 884
2,923
829
3, 949
2 922
900
3. 8?4
2. 949
750
4, 039
3, 004
899
4. 002
3, 080
810
3,913
3. 060
721
4,094
3,078
894
4, 2f.8
3. 105
1,045
4. 034
3. 116
803
4, 444
3, 3(57
916
4, 148
3, 177
'822
4, 243
3. 205
887
r
131
78
1
72
574
1
COMMUNICATIONS
Telephone carriers:
Operating revenues 9
Station revenues
Tolls, message
Operating expenses, before taxes
Net operating income
Phones in service end of month
mil. ofdol
do
do
__do
do
millions
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues
thous.
Operating expenses, incl. depreciation
Net operating revenues
_
- _
Ocean-cable:
Operating revenues
Operating expenses, incl. depreciation
Net operating revenues
_
_
_ Radiotelegraph:
Operating revenues
Operating expenses, incl. depreciation
Net operating revenues
ofdol
do
-do _
do
do
-do
__
do
do
do
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:!
Acetvlene
mil. of cu. ft
Ammonia, synthetic anhydrous (commercial)
thous. of short tons..
Calcium carbide (commercial)
do
Carbon dioxide, 1 iquid, gas, and solid
do
Chlorine, gas
do
Hydrochloric acid (100% HC1)
do
993
996
1 . 052
961
994
980
974
1, 004
1, 020
1 , 090
1 090
1 068
384. 1
95 3
69. 4
351 8
85. 0
400. 2
80 9
77. 4
341 5
82. 7
413.9 1
8 5
88. 8
368 8
88.3
386. 8
87 9
97. 5
349 5
87.6
366. 5
88 4
108.4
359 2
86. 6
342. 6
81 4
102.5
364 0
89.9
359. 0
79.0
90. 9
364. 3
89. 2
390. 0
75 9
83.1
387. 0
90.1
382.1
82.2
70.0
376. 6
«7 6
419.
103.
70.
379.
90.
396. 4
92 2
66. 8
385 3
94.9
381. 3
87 9
65. 8
369 5
90. 6
423.4
100 8
267 2
Xitric acid (100% IINO 3 )
do
4, 656
OxvEon (high purity). .
_._
m i l . of cu. f t _ .
Phosphoric acid (100% P _ O e ) _ _ thons. of short tens
166.9
Sodium carbonate (soda ash.), synthetic (58% NajO)
416.8
thous. of short tons
Sodium bichromate and chroma te
do
9 6
Sodium hydroxide (100% NaOH)
._ _ do
387.2
Sodium silicate (soluble silicate glass), anhydrous
thous. of short tons .
43.3
Sodium sulphates (anhydrous, refined; Glauber's salt;
89.3
crude salt cake)
thous. of short tons
1, 579. 9
Sulfuric acid (100% II.SO.)
do
268 1
4, 652
168.2
?61 7
4. 728
1 63. 6
233 0
4. 039
147.9
233 4
3,207
140.3
241 8
2, 006
154. 1
201.3
2. 033
153.4
268 7
2,113
162. 7
268 5
3, 710
153.7
288.3
5, 312
159. 6
288 0
5. 094
162. 4
*>SO 7
4. 768
158.8
304 5
404. 5
1 0. 9
375. 9
434. 6
10 4
402.2
413.1
10.0
387. 9
419.7
10.2
394. 7
423.8
9. 4
398. 7
406 5
8.9
397. 5
428.1
1 0. 1
420.0
427.6
10.5
407.0
402. 3
10.4
404. 0
388.7
11 8
415.4
381. 9
9.9
401.0
415.9
53. 8
54. 0
39.1
30.4
37.4
51.0
53.3
49.6
40.9
30.4
89 6
1,595.9
88 7
1,578.6
85. 5
1, 469.5
84.6
1, 365. 1
85.7
1,310.9
86.3
1,336.7
90.1
90.5
1, 445. 2 1,437.9
92.4
1.528.3
92.4
1, 589. 4
57, 570
86, 949
1,512
48, 729
90. 445
1,797
57, 734
89, 656
1,610
57, 441
88, 733
1,393
58. 546
92, 679
1,012
58, 971
93. 860
1,361
61, 095
90, 649
1, 262
64, 432
95, 31 1
1,690
57. 303
81, 737
1,677
62 %f>
104, 529
1, 805
r
42, 995
29, 645
27, 127
2.518
43, 267
714
46, 684
28, 947
26, 623
2, 324
43, 112
685
44, 606
28, 625
25, 792
2,834
42, 943
753
47, 628
32, 747
29, 962
2 785
42, 494
771
41, 325
34, 848
41, 121
34, 110
39, 557
32, 269
42, 685
31, 579
42, 266
29, 497
40, 003
708
38, 661
594
38, 348
714
42, 603
760
23 243
23, 507
4,107
23, 195
22 939
4, 358
23 105
21,888
5,559
22 870
21,609
6,744
21, 519
22, 788
5, 453
20, 819
21, 439
4,825
20, 688
21, 965
3,506
Creosote oil, production. _
_ thous, of gal _ 10,417
DDT, production
thous. of lb_. 12.629
10,339
Ethyl acetate (85%), production
_
_ _ do. _
94 036
Ethylene glycol, production
do
Formaldehyde (37% ECHO), production
d o _ _ _ . 148,461
Glycerin, refined, all grades:
Production
do
21,000
Stocks, end of month
_ _ _
_ do. _ . 43, 100
Methanol, production:
192
Natural
_
_ _ _
thous. of gal .
19,774
Synthetic
do
Phthalic anhydride, production
thous. of l b _ _ 34, 223
7,819
13,440
5,394
91,187
144,117
8,727
14, 095
8,441
94. 677
141,493
9,052
14, 604
9, 359
94 K08
149, 652
6, 660
12, 809
7,248
91, 956
126, 515
5,587
12,717
7,923
96.410
148, 129
19, 900
39, 600
21,100
36, 700
24, 600
38. 900
18,500
35, 000
156
18, 849
33, 316
203
21, 144
34.911
192
21 800
31, 850
192
22 265
32, 731
Organic chemicals :cf
Acetic acid (synthetic and natural), production
thous. of Ib
Acetic anhydride, production. .
_ ___do_ _.
Acetylsalicylic acid (aspirin), production
do
Alcohol, ethyl:
Production. _ _
_ _ thous. of proof gal _
Stocks, end of month, total
do
In industrial alcohol bonded warehouses. -do
I n denaturing plants. _ _ _ _ _ _ _ _ _ _ _
do.
Used for denaturation
do
Withdrawn tax-paid
_
.. .do
Alcohol, denatured:
Production
thous of wine gal
Consumption (withdrawals). .
_
_ .do _ .
Stocks, end of month
.do
r
r
T
397
°
(
M 6
183. 9
428. 3
-- - ---
39. 7
90. 5
1. 501. 8 1,619.1
60 536
93 744
2,014
66. 266
93, 302
2. 004
41. 904
25, 266
42, 520
29, 279
41, 550
29, 124
43, 492
26, 506
41,984
676
47. 999
570
41,659
620
50,r 005
655
44 112
746
22, 963
22, 631
3,827
22, 549
23, 924
2,448
25, 758
22, 885
5, 736
22 476
24, 587
3,669
26, 757
25, 178
5, 291
23 674
25, 366
3 729
6. 236
13, 328
7, 935
96, 623
155,724
4,819
13,199
8,381
103,150
159, 393
6,371
12,012
7,495
99, 114
154, 846
9,088
13, 550
10, 754
105, 406
140, 888
6, 980
13, 863
8, 588
114.344
r
148, 791
8,085
12, 377
5, 741
108 064
147, 966
23, 700
34, 000
25, 400
32, 900
25, 600
36, 800
23, 800
39, 600
23, 500
42, 500
25, 100
40, 100
24. 200
40, 200
179
22 699
30, 970
164
22, 591
27, 091
184
23, 239
23, 274
161
23, 770
17,481
187
183
24, 998 r 24 979
26,483 1 30, 675
188
22 524
30. 875
r
27, 700
42. 300
Revised.
1 Reflects revised definitions of visits; comparison of January 1960 figure (on old basis) with data for January 1959 shows an increase of roughly 15 percent,
t Revised series (first shown in October 1959 SURVEY), reflecting change in comparison base period; monthly data for 1953-July 1958 are available upon request.
§Beginning with the October 1959 SURVEY, the figures include visits to Mount McKinley, Alaska and Hawaii National Park, Hawaii. Comparable data for earlier periods will be shown
jater. 9 Includes data not shown separately.
{Revisions for 1957 and 1958 appear on p. 24 of the April 1960 SURVEY.
cfData (except for alcohol) are reported on basis of 100-percent content of the specified material unless otherwise indicated.
SURVEY OF CURRENT BUSINESS
May 1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-25
1959
March
April
May
June
July
1960
DecemAugust SeptemOctober November
ber
ber
January
February
March
1,146
547, 146
36, 063
413, 006
83, 988
April
CHEMICALS AND ALLIED PRODUCTS—Continued
FERTILIZERS
1,491
._ thous. of short tons
short tons- 484, 089
83, 044
do
-do - . 326, 695
62, 689
. _
__do.
1,799
464, 114
43, 281
354, 754
58, 321
1,488
471,229
39, 425
375, 558
40, 118
789
473, 002
40, 778
393, 906
26, 446
316
530, 043
62 390
438, 590
25, 334
198
462, 443
34 861
368, 917
40 171
339
456, 690
33, 852
362, 969
51, 178
322
437, 592
24, 170
326, 939
74, 683
336
342, 512
62, 129
239, 817
27, 740
343
567, 564
68 680
377, 877
97, 357
406
430. 240
30 928
313, 707
81, 898
510
503 586
24 632
404' 784
67 017
do
do
do do
do .
271, 328
153, 100
48, 461
10, 987
48,412
304, 488
163, 525
45, 283
8,642
51, 184
210, 864
130 265
53, 239
9,864
15,349
233, 441
143, 529
38, 837
33, 270
20, 582
371,174
287 017
45, 418
25 985
34, 857
323, 819
200, 980
32, 651
6, 122
93, 022
326, 968
199 315
67, 118
12, 989
76, 514
135, 795
92 385
25, 933
7 460
15 538
149, 848
89 390
24,507
8 444
6,692
261,711
145 033
28 843
19 296
68, 169
147
77
25
7
21
895
824
609
737
885
252, 935
118 667
17 622
8 814
72' 275
Potash deliveries
_
_
__do.
Superphosphate and other phosphatic fertilizers (100%
A.P.A.):
Production
short tons
Stocks, end of month
___do__-
276, 146
360, 096
193, 210
85, 226
114, 563
223, 688
110,579
187, 975
109, 971
255, 027
120, 286
182, 836
265, 920
299, 965
257, 522
179, 589
241, 899
160, 279
188, 788
240, 179
169, 247
284, 881
178, 153
293, 775
198, 086
281,613
220, 205
292, 636
220, 762
329, 903
240 221 r 241 784
367, 598 r 377' 896
242 513
367 853
255 992
325, 513
127
73, 523
316
86, 657
208
80, 427
124
80, 696
84
72 245
141
75 282
223
72, 049
174
74 223
241
70 143
182
72 838
157
69 874
110
73 278
117
76 671
150. 7
87.7
63.0
170.7
103.0
67.7
173.0
104.1
68.9
175. 9
106. 5
69.4
166. 7
102.9
63.8
158.4
98.4
60.0
156.6
96.4
60.2
143 0
83.2
59 8
121 4
70.8
50 6
119 6
64.5
55. 1
130 3
70 3
60 0
130 7
71.3
59 4
149 2
84.6
64 6
374
4,325
391
4,248
389
4, 156
347
4,079
318
3,988
369
3, 876
399
3, 815
483
3, 899
408
3,834
412
3,810
389
3,846
r
366
4 376
437
3,811
3, 713
9,049
288
4,634
9,432
317
3,882
8, 121
315
4,028
8,292
304
4,437
8,012
250
4,086
8,690
238
4,187
8,877
247
4,706
9,519
243
4,096
8,857
106
4,914
8,380
216
3, 895
7, 724
217
3,689
8 257
232
do
do
do _ do
_do__ _
47, 956
73, 706
30, 064
92,310
34, 023
44, 943
67, 625
31, 565
92, 122
36, 373
46, 567
73, 915
30, 370
98, 884
35, 729
46, 320
72, 312
33, 967
98, 405
34, 395
39, 952
65, 723
23, 470
94, 272
30, 587
46, 522
69,210
28, 368
98, 766
32,200
40, 988
75, 829
31.051
98^ 924
33, 167
51, 754
78, 938
34, 146
105, 653
33, 197
48, 519
73, 625
29. 366
100, 470
25, 541
47,318
77 851
28, 538
103 701
27, 559
Rosin modifications
do
Polyester resins
- - --do
Polyethylene resins
_-- - -- do__ Miscellaneous (incl. protective coatings) cT
do.. -
10, 604
14, 783
95, 133
26, 164
12,413
15, 691
98,312
25, 903
12, 518
14, 068
104. 549
24, 192
12, 601
13, 680
98, 907
26, 468
10, 706
11,686
100, 477
22, 434
11,428
11,394
103, 097
25, 748
12, 419
11,053
104,616
27, 750
12 878
12, 804
109, 338
25, 735
12, 362
11, 777
110,802
24, 917
12 123
13, 752
112,660
25, 642
Consumption (10 States) §
Exports, total 9
Nitrogenous materials
Phosphate materials
Potash materials
Imports, total 9
Nitrogenous materials total 9
Nitrate of soda
_
Phosphate materials
Potash materials
-
_ _.
_ __
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments:
Black blasting powder
thous. of lbHigh explosives
do
Paints, varnish, and lacquer, factory shipments:
Total shipments
mil. of dol
Trade products
_ _ do .
Industrial
finishes
do
Sulfur (native):
Production
thous. of lone tons
Stocks (producers'), end of month
_
_ -do
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:
Cellulose acetate and mixed ester plastics:
Sheets, rods, and tubes..._._ thous. of Ib-.Moldlngr and extrusion materials . _ _
_ do _ Nitrocellulose sheets, rods, and tubes. __ - do..Phenolic and other tar acid resins
Polystyrene
Urea and melamine resins
Vinyl resins
Alkyd resins
--
r
r
47, 321
48, 810
76 715
73 549
28, 529
29 110
!02 179 r 101 255
30, 119
31, 268
r
r
11 652
14, 155
113, 006
26, 452
11 274
14, 460
105 663
29, 572
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total J
mil. of kw.-hr.Electric utilities, total
do
By fuels
do
By water power
__ __ _
do -.
65, 889
58, 352
46, 327
12, 025
63, 394
55, 807
43, 637
12, 170
65, 381
57, 661
45, 924
11,737
67, 390
59, 840
48, 586
1 1, 254
68, 539
61, 695
50, 212
11, 482
69, 562
63, 084
52, 127
10, 957
64, 846
58, 585
48 321
10, 264
65, 499
59, 032
47 529
1 1, 503
65, 275
58, 433
46 764
11,668
70, 539
63, 111
50 427
12 683
71, 532
64,021
51 007
13 014
67, 622
60, 330
47 807
12 523
72, 110
64, 301
51 012
13 289
Privately and municipally owned utilities— _ do
Other producers (publicly owned)
__
do
47, 369
10, 983
45, 376
10, 431
46, 872
10,790
49,001
10,839
50. 037
11, 658
51, 263
11,821
47, 979
10, 605
48, 359
10 673
47, 889
10 544
51. 850
11 261
52, 346
11 675
49, 057
11 273
52, 047
12 254
do
do
do
7,537
7,247
290
7, 587
7,264
323
7, 720
7,411
309
7, 550
7,284
267
6,844
6,608
236
6,478
6,261
217
6,261
6 017
245
6,467
6 170
297
6,842
6 550
292
7 428
7 100
328
7 511
7 173
338
7 292
6 958
333
7 809
7 461
348
do
51, 427
50, 434
50,410
52, 120
52, 661
53,658
54, 079
52,061
51, 688
54, 656
56, 202
55, 417
8, 549
25, 052
8,429
25, 049
8,673
25, 743
9,433
26, 550
10, 114
25, 531
10,611
25, 297
10, 687
25, 354
9 810
25, 191
9,244
25, 047
9 432
26, 153
9 055
26 553
8 843
26, 503
333
14, 848
921
497
1,167
60
307
13, 907
1,083
454
1, 150
56
289
12, 975
1,088
424
1, 161
56
282
13, 008
1,191
404
1,193
59
277
13, 681
1 408
415
1,170
65
363
14, 190
1,499
446
1,193
60
364
14, 581
1,343
478
1,211
60
380
13 916
978
524
1,210
51
401
14, 314
875
561
1,204
43
441
15 889
874
594
1 231
41
465
17 371
876
602
1 242
39
430
16 936
821
548
1 293
42
859.0
842.7
842.0
867.2
886.2
906.9
921.5
891.1
881.6
916 6
942.5
932 7
Industrial establishments, total
BY fuels
By waterpower
._
Sales to ultimate customers, total (EEI)
Commercial and industrial:
Small light and power -Large light and power. ___
_ _do
do ._
Railways and railroads _ _ _
do
Residential or domestic
-._ -_
._ .do ._
Rural (distinct rural rates)
do
Street and highway lighting _
do._
Other public authorities
.
__
_do
Interdepartmental
_ _ _ -do _
Revenue from sales to ultimate customers (Edison
Electric Institute)
_ mil. ofdoLGAS
Manufactured and mixed gas (quarterly): \
Customers, end of quarter, total 9
thousands. .
Residential
do
Industrial and commercial
_
. do _ .
Sales to consumers, total 9
Residential
Industrial and commercial
mil. of therms
do
do
Revenue from sales to consumers, total 9
mil of dol
Residential
do
Industrial and commercial
_. _
do. _
r
2,878
2,686
191
2, 866
2, 674
189
2,770
2 f 84
184
2, 600
2 429
171
960
748
205
511
344
154
287
163
114
570
404
156
121 7
97.6
23.4
70 9
53.5
16.7
42 8
30.6
11.9
74 9
57.8
16 6
Revised.
v Preliminary.
§States represented are: North Carolina, South Carolina, Georgia, Florida, Alabama, Tennessee, Arkansas, Louisiana, Texas, Oklahoma. According to quarterly reports from Virginia,
consumption in that State is as follows: (thous. short tons): 1959—January-March, 316; April-June, 303; July-September, 69; October-December, 73.
9 Includes data not shown separately.
<? Data prior to 1959 exclude protective coatings.
tElectric-power production revisions for 1958 appear on p. 20 of the January 1960 SURVEY.
Manufactured and mixed gas revisions for 1st and 2d quarters of 1958 are available upon request.
SURVEY OF CURRENT BUSINESS
-26
Mav
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
March
April
May
June
1960
August
July
Septem- October Novem- December
ber
ber
February
January
March
April
ELECTRIC POWER AND GAS—Continued
GAS— Continued
Natural gas (quarterly) : 9
Customers end of quarter total
Residential
Industrial and commercial
Sales to consumers, total
Residential
Industrial and commercial
28 950
20, 625
2 289
28,815
26, 557
2,223
28 979
26, 740
2 204
29 882
27 481
2 366
27, 004
12, 966
13,543
19, 984
5, 626
13, 254
15,618
2, 332
12, 434
22 016
7 406
13 509
mil. of dol . 1, 087. 1
1,093.1
do
559 4
do
1,053.8
549. 4
472.4
735.7
299.2
411. 5
1 259.4
703. 1
521 3
thousands
do
do
_.
mil. of therms..
do
do
Revenue from sales to consumers, total
Residential
Industrial and commercial
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Production
_.
thous. of bbl
Taxable withdrawals
do
Stocks, end of month
do
Distilled spirits (total) :
Production
thous. of tax gal. .
Consumption, apparent, for beverage purposes O
thous. of wine gal
Taxable withdrawals
thous of tax gal
Stocks, end of month
do
Imports
thous. of proof gaLWhisky:
Production
thous. of tax gal
Taxable withdrawals
do
Stocks, end of month
_ _ _ do
Imports
_ _ thous. of proof gal
Rectified spirits and wines, production, totalcf
thous. of proof gal. .
Whisk v
.
do
Wines and distilling materials:
Effervescent wines:
Production .
thous. of wine gal. Taxable withdrawals
_
do
Stocks end of month
do
Imports
_
_ _ _
do
Still wines:
Production
do
Taxable withdrawals
do
Stocks, end of month
_
do_ .
Imports
do
Distilline materials produced at wineries
. do _
8, 672
7, 702
6, 717
10,161
8, 679
7,510
1 0, 842
7,969
1 1 , 069
9, 580
8,823
11,316
9,648
9, 307
11,116
8, 689
8,602
10, 698
8, 115
8,063
10,261
7,230
6, 977
10, 086
5 950
5,970
9 714
22, 076
23, 407
21 , 970
19,264
11,235
15, 624
29.214
39, 679
18,674
1 2, 978
872, 729
2.328
17, 153
13.354
878, 848
2, 536
18,175
13,972
884, 492
2. 604
18, 634
12,817
888, 779
2, 510
17,259
12, 909
884, 237
2,377
17. 186
15, 085
881. 152
2,750
17,
15
879,
3,
408
946
755
613
21,232
19,440
879, 538
3,959
1 4, 468
0, 635
768, 353
2,054
1 5, 509
6,311
774, 234
2,280
14,532
6, 599
779, 245
2,359
12,
5,
782,
2,
131
907
853
230
6, 747
5, 720
7H1, 225
2,112
7,193
7, 676
777, 675
2,449
9 854
7,715
776, 868
3,173
6, 308
5, 040
6, 382
5, 009
6, 805
5,310
6, 445
4,972
5,979
4, 703
6, 755
5,173
8,377
6,646
381
189
1 , 974
50
295
177
2,0(59
56
68
62
46
285
204
2,326
52
3 015
13,334
169,432
703
2,537
2 895
11,870
157,261
608
2,531
1 766
10,921
149,503
1 001
1 ] , 283
138,073
1,410
9,671
126,029
889
4,474
090
552
2. 885
121,395
thous. ol Ib
_ do. _. 03, 294
.588
dol. per lb_
126,845
82, 278
.588
143. 390
104,138
.587
thous. of l b _ . 116,720
78 055
do
128, 225
90, 750
257, 271
226, 083
5, 649
301
210
349
268
305
167
2, 138
2, 188
2, 308
6 609
6. 775
9 091
6 461
5, 595
9 649
6 325
5 826
9 774
8 138
6, 960
10 515
25, 994
22, 270
22, 224
24, 122
25, 893
21, 573
16 053
883 354
4,010
25, 574
10 749
891 426
3. 535
15,042
10 630
899 260
2. 00]
11 470
907 830
9 225
14 658
918 872
2,827
12, 149
10,045
775, 401
3,568
12 599
8, 661
775, 707
3,590
11 716
5. 641
779, 443
3, 118
13 945
5,449
785. 378
1 . 752
r
630
773
083
980
16 914
7,153
801, 991
2 443
9,909
8,083
8,224
6, 543
5,741
4 390
5, 236
3 853
5, 835
4, 507
6 977
r
15
5,
792,
1
229
275
251
357
248
432
334
431
372
217
369
174
437
224
2 296
2,154
1 949
1 814
1 947
2 122
2 317
96
102
108
140
47
48
57 45'?
12,287
167,740
74 543
13,269
229, 309
12 702
13,731
226, 273
2 195
11 552
189 418
981
122,953
782
912
144, 090
25, 110
4 175
13, 940
209, 747
1. 128
7,254
2 834
11,212
202. 453
2,185
6,243
10, 406
117,477
690
21, 677
603
4,280
3 105
135, 005
138, 224
.588
112,485
148, 060
.593
90, 890
131, 988
. 609
82 555
93, 012
. 637
92, 105
67, 286
.633
91 240
46, 690
.647
108, 105
31,050
.030
1 1 8, 760
33, 992
.588
120, 115
42, 958
.588
153, 335
114 410
150,075
112 310
129, 355
94, 085
113,440
81, 350
103.1U)
69 950
97, 930
61, 585
88, 720
53 465
100, 495
59, 825
101.490
63 310
103, 210
66 700
283,189
248, 748
4,879
310, 107
272,210
4, 268
347, 725
307, 301
5, 148
371, 620
330, 626
3,906
375, 833
334, 261
3,614
369, 862
327, 126
6 724
349, 461
308, 105
4,167
320 215
281,033
6 576
304, 084
265, 671
8, 753
283, 290
245. 755
4. 167
268, 227
231,719
4,333
.382
.380
.380
.380
.380
.382
.385
.401
.415
.415
5, 230
182 600
5,310
208 200
5 725
272 400
0, 100
209 000
6, 160
235, 200
5, 430
216. 200
4 925
184 800
4,470
152. 200
4 370
124 700
4,480
1 36, 200
5, 116
84, 242
4,859
106,198
5,722
197,752
0, 444
288, 979
5,715
332,895
5, 666
375,354
6,913
383, 959
5,412
325,095
4,270
279, 028
2, 708
5,131
3,854
4,362
3, 480
4,524
2, 053
5, 983
5,002
17,063
3. 563
10, 669
2,015
9, 259
3,370
11.491
3 176
2,834
2 740
15, 030
178, 536
576
2,301
DAIRY PRODUCTS
Butter, creamery:
Production (factory) !_
Stocks, cold storage, end of month .
Price, wholesale, 92-score (New York)
Cheese:
Production (factory), total!
American whole milkt
Stocks, cold storage, end of month, total
do
American, whole milk_. _ _ _
_ _ _ do
Imports
_ _
do
Price, wholesale, American, single daisies (Chicago)
dol. per l b _ _
Condensed and evaporated milk:
Production, case goods:!
Condensed (sweetened)
thous of Ih
Evaporated (unsweetened)
do
Stocks, manufacturers', case goods, end of month:
Condensed (sweetened)
thous. of l b _ Evaporated (unsweetened). _ _
do
Exports:
Condensed (sweetened)
_
do
Evaporated (unsweetened)._ ..do
Price, manufacturers' average selling:
Evaporated (unsweetened).
dol. per case-Fluid milk:
Production on farms
mil of Ib
Utilization in manufactured dairy products t_ do_ .Price, wholesale, U.S. average!
dol. per 100 l b _ _
Dry milk:
Production:!
Dry whole milk
_ _ thous. of Ib.
Nonfat drv milk (human food)
do
Stocks, manufacturers', end of month:
Dry whole milk
_ do _
Nonfat dry milk (human food) _
do...
Exports:
Dry whole milk __
do
Nonfat dry milk (human food).
. _ do
Price, manufacturers' average selling, nonfat dry
milk (human food)
dol. per l b _ _
6.17
6.17
10, 734
4,092
'4.08
11,209
4, 372
'3.91
8,150
157, 400
7,750
178,200
6, 025
78, 953
. 388
131 300
64 i 865
.588
r
86. 804
122, 335
79 705
r
26l 835
228 222
2~4 276
237 834
.415
.415
.404
5 025
132 900
5, 000
136 900
6 110
169 600
5, 108
225, 092
3, 718
178. 446
4, 596
135,954
5. 517
95 644
2, 853
4.444
2,997
5. 840
2 194
5, 927
3,447
8,216
r
0. 10
6.15
6.18
6.18
6.25
6.34
6.38
6.37
6.38
6.37
] 2, 059
4,913
'3.72
11,158
4,148
'3.92
10, 243
3,504
'4.11
9,471
3,168
T
4. 38
9,476
3,246
M. 57
8 894
3,070
' 4.62
9,389
3. 568
'4. 49
9,862
3.789
4.36
9,679
3,839
4.27
10, 862
11.313
'4.19
* 4. 65
8,800
211,200
8,900
200, 000
7,100
150,400
6, 600
117,500
7,400
96. 200
8.800
99, 300
8,000
104, 600
9, 700
136, 800
9, 800
149, 000
9,200
156, 300
9,950
167 400
6, 235
88,343
7,573
125,087
7,055
144,822
7,490
132,252
7,282
114,672
4,919
98, 648
5,724
86, 915
5,343
85, 356
6,486
96, 567
6.772
102, 204
6,791
105, 533
6, 822
101, 646
1,812
13, 743
1,779
19,885
1,535
53, 505
2,203
21,920
2, 560
35, 105
1, 393
29, 524
2,798
30, 972
1,276
27, 786
2,997
19. 402
2, 035
5. 550
1,981
5,312
3,380
7,470
3,687
19, 128
.136
.136
.135
.135
.136
.135
.136
.136
.137
.137
.137
.137
.138
0.15
12 536
5,108
' 3. 70
' Revised.
v Preliminary.
©Alaska included beginning January 1959.
9 Totals include data not shown separately. Revisions for 1952-58 for total sales and total revenue (for 1st and 2d quarters of 1958 for other items; see footnote) are on p. 24 of the April 1900
SURVEY.
cfData beginning July 1959 exclude production of wines and vermouth; for July 1958-June 1959, such production totaled 43,600 gal.
{Revisions for the indicated items and for the periods specified are available upon request as follows: Butter and cheese (total and American)—January 1957-July 1958; condensed and evaporated milk—January-July 1958; dry whole milk—January 1952-December 1955 and January-July 1958; nonfat dry milk—January 1954-July 1958; fluid milk used in manufactured dairy
products—January 1956-August 1959; fluid milk price—June 1958-February 1959.
SUBVEY OF CURRENT BUSINESS
May I960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-27
1959
March
May
April
June
July
1960
DecemAugust SeptemOctober November
ber
ber
January
February
March
' 2, 113
'9,442
April
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
Shipment*5 carlot
Stocks, cold storage, end of month
thous. of bu
No of carloads « r 2, 214
thous. of bu - - 14, 244
Citrus fruits, carlot shipments
No. of carloads. . * 8, 285
Frozen fruits, juices, and vegetables:
Stocks, cold storage, end of month:
361, 374
Fruits
thous of Ib
418, 899
Fruit juices and purees
do
647, 899
Vegetables
- -- -do _
Potatoes, white:
Production (crop estimate)
- - - thous. of cwt.
Shipmen ts, carlot
No. of carloads. . « * 17, 305
Price, wholesale. U.S. No. 1 (New York)
dol. per 100 lb_.
2.783
' 2, 270
7, 876
r
1, 557
3,893
'894
1,577
' 8, 933
' 8, 926
' 7, 123
305, 726
487. 091
637, 920
286, 046
595, 481
593, 334
362, 245
633, 096
623, 129
' 17, 230
r
r
16, 592
'589
306
'184
307
6, 025
5,203
498, 221
573, 275
730, 596
533, 934
517, 051
871, 747
16, 444
'9,076
r 6, 942
r
'331
14, 300
'1,518
49, 791
1,526
44, 259
1 118, 227
2,300
33, 586
'1,625
24, 065
1,767
16, 720
r
' 3. 491 '4,602
' 9, 431
' 7,464
' 6, 600 ' 6, 852
498, 016 464, 698
356, 983 300, 091
906, 970 '844,288
428, 838
478, 791
754, 780
4, 243
521, 708
446,617
925, 030
512, 461
401, 760
930, 662
' 9, 488 ' 10, 290 '11.258
4.219
5. 000
5. 450
4.090
3.635
3. 150
3.400
4.063
62, 749
72, 163
70, 769
82, 896
65, 228
63, 717
59, 339
63,992
242, 998
' 12, 829
' 14, 763
3.804
4.215
71,664
65,919
376, 135 '321,639
526, 652 '496,016
670, 432 '612,967
r
13,414
1.662
4,236
0, 937
269, 672
533, 340
585, 168
' 20, 363 14,915
' 4. 125 p 4 975
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats, rye, wheat)!- thous. of bu..
Barley:
Production (crop estimate)
Receipts 4 principal markets
Stocks, domestic, end of month:
Commercial
On farms
__
-_
Exports, including maltt§
Prices, wholesale (Minneapolis):
No. 2, malting
No 3 straight
_
do
do _
...do
do
do
.
dol. per bu__
_ _ do_._
64, 084
1
12, 673
12, 585
11, 430
13, 731
21, 156
32, 227
18. 110
14, 977
14,710
43, 524
153, 825
7,715
39, 222
35, 645
34, 988
39, 474
35, 738
4,474
14, 368
14, 782
40, 896
266, 882
11,821
38, 014
6,915
35, 140
2 65, 315
12, 077
12.573
1.180
1.139
1.228
1.183
1.235
1.197
1.207
1. 155
1. 165
1.160
1.167
1.120
1.174
1.094
1.172
1.108
12, 75]
42, 520
12,724
28, 388
13.545
34, 702
12,685
24, 226
13,863
21. 592
13, 575
18, 452
120, 285
121,421
116.813
1,117.5
19.737
104, 622
101, 876
22, 339
15. 094
Corn:
Production (crop estimate)
mil of bu
Grindings, wet process©
thous. of bu_- 12, 547
Receipts, interior primary markets
.-do _ _ _ 36, 402
Stocks, domestic, end of month:
109, 792
Commerical
_
do
On farms
- mil. of bu. 1,817.9
Exports, including meal and flour t
thous. of bu_. 13, 597
Prices, wholesale:
1.207
No. 3, yellow (Chicago)
dol. per bu._
1.130
Weighted average, 5 markets, all grades
do
Oats:
Production (crop estimate)
mil. of bu
7,206
Receipts, interior primary markets
thous. of bu..
Stocks, domestic, end of month:
Commercial _
...
do. _- 20,154
584, 877
On farms
do
2,218
Exports, including oatmeaU _
_do
.676
Price, wholesale, No. 3, white (Chicago)., dol. per bu.Rice:
Production (crop estimate)
thous. of bags 9 California:
Receipts, domestic, rough. _ _ ... thous. of lb__ 115,677
Shipments from mills, milled rice. . d o _. 77, 788
Stocks, rough and cleaned (cleaned basis), end
53, 447
of month
thous of Ib
Southern States (Ark., La., Tenn., Tex.):
98, 036
Receipts, rough, at mills
do
1 19, 870
Shipments from mills, milled rice
do
Stocks, domestic, rough and cleaned (cleaned
867.0
basis), end of month
mil. of lb_
E xpor ts t
thous. of Ib. _ 131.368
.091
Price, wholesale, head, clean (N.O.)
dol. per lb.
Rye:
Production (crop estimate)
thous. of bu
Receipts, interior primary markets
do
Stocks, commercial, domestic, end of months-do
Price, wholesale, No. 2 (Minneapolis)., dol. perbu-Wheat:
Production (crop estimate), total
Spring wheat
Winter wheat
Receipts, interior primary markets
disappearance (quarterly total)
Stocks, end of month:
Canada (Canadian wheat)
do
Exports, total, including
Wheat onlyj
flourt
do
do
8,337
1. 174
1.112
1.159
1.085
1.170
1. 114
1. 144
1.083
1. 156
1. 075
1. 157
1.081
14, 107
26, 839
11, 901
55,612
i 4, 361
11,812
31,974
12,492
21, 916
12, 521
32. 448
12,881
25, 977
12,239
102,718
2331.3
1 5, 835
107, 094
124, 633
129, 711 '127,101
9 088 0
16,734
15, 047
125,912
23,410
136, 123
3, 094. 4
26, 005
129.388
12, 902
1.144
1.043
1.128
1.012
1. 133
1. 069
1. 207
1. 119
5, 892
5, 712
6, 209
16. 029
15, 896
1.289
1.246
1.265
1.222
1.272
1.203
1.163
1. 116
1.097
1. 071
1.100
1.044
1.095
1.025
6,474
9, 1 40
9, 348
19, 975
18. 379
8, 159
5, 981
5,693
i 1, 074
6,412
19, 659
17,298
14,365
21 , 754
29, 246
2 298, 427
4,412 """9,336 " "47845
2.345
.704
.701
.700
.694
31,054
898, 338
2, 495
.686
26, 084
19, 028
4,202
.740
17. 824
'699 481
1,241
5,546
.796
.792
J
93, 618
62, 920
96, 452
50, 769
127, 557
74, 501
374, 184
48, 000
42. 687
29, 510
37. 521
185, 610
75, 389
78, 034
46, 481
45, 664
26, 875
72, 678
13, 689
3,487
.780
' 14, 366
426 526
1.891
1.923
.774
. 755
111, 624
51,671
125, 320
57, 597
101,502
87, 247
51,417
57, 281
53, 396
55, 578
77, 295
75, 423
95, 151
125, 320
109,295
36, 041
156, 838
61,418
209, 588
34, 322
140,284
250, 976 I,168,-r07 1,144,978 288, 156
150, 912 219, 857 237, 604 '204,494
110,022
165, 228
118, 155
217, 375
117, 767
221, 461
158, 260
264, 019
723.8
91,533
.089
617.1
137,551
.089
488.9
175, 264
.093
592.2
142. 268
.091
365. 8
204, 780
.089
891.1
90, 401
.081
1,401.0
203, 115
.081
1, 363. 7
113,241
.081
1,274.3
96, 800
.083
1,177.2
177,568
.083
1, 060. 8
190. 493
.083
791.3
176, 432
P. 083
557
3,122
1.303
1,042
2,093
1.250
594
2,820
1.260
2, 524
4,979
1.242
4,017
7,613
1. 261
1,441
8,702
1.256
821
8,336
1.264
1,177
7, 535
1.253
287
6,424
1.213
298
5, 810
1.178
361
4,859
1. 156
23, 101
18, 550
24,317
316, 249
380, 402
372, 908
364, 674
502, 137
1 563 7
487, 084 '458,349
20, 453
31,988
51,078
264, 180
86, 660
51. 258
376, 435
359, 558
368, 623
406, 382
43, 607
36, 826
34, 408
26, 762
i 1,128.2
i 204. 7
i 923. 4
18, 773
25, 076
'257 716
25, 251
398, 930
384, 031
369, 722
369, 701
556, 360
2,133.6
526,717
540, 605
'1,877 8
522, 243 485, 656
1,074,638
455, 257
69l,241
2114,937
37, 030
31, 584
36, 425
33, 542
21, 495
583
7,792
1.214
40, 170
274, 047
2
761, 126
r
283, 423
29,917
25. 634
33, 099
27, 627
382, 691
'989 448
331, 742
29, 400
25, 527
26, 261
21, 818
11,197
(3)
53, 122
84. 303
56; 289
29, 009
170, 607
2
1,541.2
1 ,278.6
419, 579 '432,127 ~418~706 2391,378 539, 068
40, 335
36, 795
10, 962
32, 149
13, 229
35, 096
1.290
1.225
110,076
68, 975
13,065
32, 146
120, 685
8.317 ""9" 338"
8,459
15, 785
37, 253
1.283
1.218
2, 200
. 700
76, 707
37, 505
198, 429
7, 879
1
1,001
3.374
1.311
mil. of bu.
do
do
thous. of bu.~ 37, 079
282, 147
do
United States, domestic, totalcf
mil. of bu_.
Commercial (at terminal cities) t-- thous. of bu._
Interior mills (incl. merchant), elevators, and
warehouses
. . thous. of bu_
On farms
do
' 16, 539 21,452
420, 191
11,379
74, 174
35, 497
26, 940
4, 458
1. 159
478, 250
836 641
206, 161
39, 953
33, 502
46, 091
39, 978
51 , 230
43, 035
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
2.211
2.215
2.282
2. 295
dol. per bu. 2.241
2.243
2. 310
2.293
2.299
2.246
2.245
2.242
2. 258
2. 256
No. 2, hard winter (Kansas City)
. . ..do. .
2.067
2.090
1.936
2.030
1.916
1.993
2.013
2.048
2.058
2, 072
2.081
2.100
2.123
2. 103
1.904
No. 2, red winter (St. Louis)
do
2.018
1.885
1.773
1.801
1.867
1.881
1.858
2. 048
1.998
1.979
2. 106
2.092
(3)
2. 195
Weighted avg.. 6 markets, all grades
do
2.191
2.212
2.122
2.248
2. 246
2.087
2.241
2.237
2.281
2.280
2.248
2 2fi1
9 9KQ
!
'Revised.
p Preliminary.
December 1 estimate of 1959 crop.
- 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.
{Scattered revisions for 1958-January 1959 for exports of indicated grain series will be shown later.
§Excludes a small amount of pearl barley.
©Data beginning January 1959 are on
standard 17-percent moisture basis; prior thereto, on basis of varying moisture content (from 12 to 25 percent).
9 Bags of 100 Ib.
cfThe 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.
UData fnr March. .Time, 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 1959 (carloads): Apples, 2,136; 1,996; citrus fruits, 7,844; 7,141; potatoes. 15,349; 14,408.
SUEVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
May 1960
1959
March
April
May
June
July
1960
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Continued
Wheat flour:
Production:
Flour
thous. of sacks (100 Ib.)
Operations, percent of capacity
Offal
_
._ thous. of short tons
Grindings of wheat
thous. of bu
Stocks held by mills, end of quarter
thous of sacks (100 Ib.)
Exports
do
Prices, wholesale:
Spring, short patents (Minneapolis)!
dol. per 100 Ib
Winter hard, short patents (Kansas City)§ do
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected) :
Calves
_
thous. of animals
Cattle.
do
Receipts, principal markets
do
Shipments feeder to 9 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago)
_ dol. per 100 Ib
Steers, stocker and feeder (Kansas City)
do
Calves vealers (Natl Stockyards 111 )cf
do
Hogs:
Slaughter (federally inspected)
thous. of animals..
Receipts principal markets
do
Prices:
Wholesale, average, all grades (Chicago)
dol. per lOOlb..
Hog-corn price ratio
bu. of corn equal in value to 100 Ib. of live hog__
Sheep and lambs:
Slaughter (federally inspected)
thous. of animals..
Receipts, principal markets _.
do
Shipments feeder, to 9 corn-belt States
do
Prices, wholesale:
Lambs, average (Chicago)
dol. per 100 lb__
Lambs, feeder, good and choice (Omaha)
do
MEATS
Total meats:
Production (carcass weight, leaf lard out), inspected
slaughter
mil. oflb
Stocks (excluding lard), cold storage, end of month
mil. oflb..
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 Ib
Stocks, cold storage, end of month..
do
Pork (including lard), production, inspected slaughter
mil. of Ib
Pork (excluding lard):
Production, inspected slaughter
thous. o f l b
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
Stocks, dry and cold storage, end of month. _ _ do _.
Exports
do
Price, wholesale, refined (Chicago). .. dol. per Ib
20, 595
19, 454
84.8
80.0
382 r
360
' 46, 729 44 112
T
20, 272 ' 20, 186 ' 19, 948 r 20, 512 '21,370 ' 22, 411 ' 21 671 21, 630 21, 884
87.4
82.7
78.1
88.1
91 5
88 4
91 6
98 3
97 5
375
376
374
390
409
409
413
426
414
45 954 r 46, 054 ' 45, 444 ' 46 870 ' 48 942 '51 148 ' 49 503 ' 49 529 50, 060
20 396
87 0
387
46 632
22, 137
85 7
422
50, 612
2 658
4,462
3 563
4,519
1,539
2,368
2,948
4,389
3,324
1 253
1 862
4,757
2 379
1 684
1 932
4,847
3 721
5.450
4.975
5.420
5.005
5.630
5.185
5.690
4.975
5.730
5 065
5.550
5 070
5.500
5 100
5 540
5 165
5 560
5 165
5 460
5 150
423
1,334
1,753
344
406
1,433
1,759
477
358
1,412
1,633
349
366
1,473
1,793
295
382
1,557
1,699
329
359
1,450
1,855
444
415
1,539
2, 197
862
471
1, 586
2,401
1 143
438
1,462
2 243
1 016
456
1, 552
1, 815
544
413
1,564
1,731
2
378
389
1,437
1,568
2
270
482
1,577
1 703
2 309
394
1,412
28.22
27.78
33.00
29.32
28.63
35 00
28.82
28.69
35 00
28.15
27.24
30.50
27.61
26.47
28.50
27.36
25.96
30 00
27.48
25.38
29 50
27.06
24.41
29 00
26. 31
23.34
29 50
25.26
22.51
30 00
26.10
23.31
33 00
26.37
23.80
33 00
27.40
25.14
P 33 00
27.13
25. 46
5,733
2,900
5,652
2,899
4,970
2, 551
4,902
2,635
5,184
2,623
4,977
2,539
5, 767
2,881
6, 646
3.216
6,337
3 299
6,968
5,462
6, 516
3,167
5,841
2 744
6,116
2 782
5,571
15. 68
2 805
i 5. 228 ' J 5 238p l 5 270
i 4 850 T i 4 817 P i 4 940
15.72
15.77
15.59
14.94
13.02
13.56
13.20
12.60
12.19
11.19
12.08
13. 15
15.19
'14.6
'13.7
'13.4
M2.8
'11.9
'12.2
'12.2
12.7
'12.3
'11.8
12.4
13.1
15.1
14.8
1,143
1,009
120
1,101
1,005
156
1,017
962
192
1,056
936
168
1,107
912
220
1,010
1,061
431
1,177
1,474
560
1,200
1, 527
532
1,070
1 089
250
1,182
1,002
141
1,237
1,031
160
1,076
870
160
1,088
858
159
1,054
21.25
19.55
21.50
19.88
24.75
20.28
25.25
20.62
22.50
19.46
22.00
19.50
20.62
19.08
19.75
18.80
18.50
18 13
17. 75
17.10
19.50
17.70
20.62
19.18
22.25
20 35
21. 25
21. 20
1,950
2,013
1,890
1,916
1,991
1.840
2,038
2,238
2 128
2,322
2,238
1 995
2 144
602
66
64
660
63
94
647
73
84
582
72
101
513
87
87
432
75
88
408
94
108
421
102
66
477
109
54
544
68
81
597
99
64
617
82
56
'594
88
855. 4
184, 641
1,850
28, 767
912.3
184, 291
2,039
52, 579
898.2
184, 571
2,283
43, 688
926.9
177, 562
1,759
56, 785
975.7
173, 148
2,095
58, 432
902.7
170, 816
2,159
70,218
962.3
178, 606
2,729
88, 618
991.5
170, 689
3,379
48 452
913.4
186, 134
3,117
37 805
986.0
212, 069
2,560
59, 387
999.3
204, 302
2,494
39 345
642
912.3 1 000 3
193,840 ' 173, 574 166,093
2 158
2,201
33 232
.485
.494
.491
.480
.469
.461
.473
.461
.454
.449
.456
.461
.476
.474
57, 520
10, 991
54, 888
13, 478
48, 144
15, 730
48, 010
16, 614
50, 008
17, 374
45, 719
14, 605
54, 344
13, 736
55, 886
12, 300
50 800
12, 624
57, 552
14, 794
61, 755
14, 046
54 256
12, 203
54 830
' 11, 188
11, 076
1, 036. 6 1, 046. 2
944.0
941.3
965. 4
892.0
1, 021. 6 1,190.2
1,163.4
1, 278. 9
1, 177. 0
1, 028. 7 1,088 7
788,091 819, 880
342, 574 '337,921
7 89g
5 515
14 246
775, 119
337, 120
4,824
16, 538
781, 917
380, 997
4,431
18, 829
698, 326
365, 360
5,709
15. 689
701,039
313, 141
4,801
15, 705
713, 515
248, 352
5,788
15, 678
670, 330
183, 745
6, 825
11, 885
773, 253
163, 447
6,546
12, 101
902, 803
184, 825
6 896
11 858
876, 741
223, 830
7 979
11,875
954, 721
264, 280
4,668
13, 484
886, 766
311,537
4 849
15, 057
.506
.422
.496
.453
.496
.463
.490
.496
.464
.457
.450
.446
.454
.480
.439
.460
.450
.411
.451
.375
.430
.391
191, 489
132, 200
41, 910
.120
193, 530
146, 900
41, 248
.123
179, 111
158, 200
45, 163
.120
175, 734
147, 800
46, 840
.120
183, 991
135, 600
58, 365
.113
161,921
100, 300
39, 535
.108
181, 780
93. 000
57, 279
.118
210, 031
80,400
67 845
.114
208, 587
92, 100
70 722
.115
238, 203
123,700
36, 585
.108
POULTRY AND EGGS
Poultry:
393
Slaughter (commercial production)
mil. o f l b
Stocks, cold storage (frozen), end of month
thous. oflb.. 25i, 298
112,252
Turkeys...
do
Price, in Georgia producing area, live broilers
dol. per lb_
'.160
Eggs:
16.5
Production on farms
mil. of cases 9 _ .
Stocks, cold storage, end of month:
107
Shell
thous of cases
55, 015
Frozen _.
__
thous. of Ib
Price, wholesale, extras, large (delivered; Chicago)
.315
dol. per doz__
J> .441
.406
v 478
.455
384, 253
.429
211, 742 176, 082 196 299
135, 600 ' 146, 800 1 52, 500
68, 800
55 506
50 260
. 105
' 108 P 113
432
497
482
475
545
600
699
604
456
409
215, 310
86, 699
199, 037
67, 688
196, 847
64, 816
196, 438
66, 885
226, 474
87, 115
277, 086
133, 501
384,611
220, 370
352, 826
183, 329
316, 686
149, 176
299, 709
142, 296
372
403
261, 493 ' 220, 381
123 954 ' 105, 208
184, 766
86 864
' .151
'.153
'.148
'.147
'.144
.140
'.168
.162
.172
.177
.171
16.1.
15.9
14.3
13.7
13.1
12.6
13.3
13.2
14.3
14.8
14.1
15.4
15.3
532
85, 119
1,004
119, 273
1,054
149, 175
888
152, 105
739
149, 086
554
134, 786
469
119,355
297
96, 175
188
78, 678
304
75, 275
345
78, 089
181
'81 431
294
89 944
.263
.245
.275
.291
.312
.407
.342
.307
.289
.259
.267
.345
.363
'.158
r
. 151
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
Imports (incl. shells)
Price, wholesale, Accra (New York)
19, 202
18, 668
12,710
20, 885
20, 215
12, 593
18, 614
32, 854
14 411 17 997
14 388
8 048
.378
.378
.381
.383
.368
.358
.358
.370
.330
.309
.303
.290
P. 271
' Revised.
» Preliminary.
i Beginning 1960, Minneapolis prices cover standard patent and Kansas City prices, 95 percent patent. January 1960 prices comparable with Decembe
1959: $5.500 (Minneapolis) and $5.145 (Kansas City).
2 Beginning 1960, for 8 States (Wisconsin excluded); January 1960 figure for cattle and calves, 9 States, 382 thous.
§ Quotations are fo
100 pounds in bulk; prior to 1959, for 100-pound sacks.
cf Chicago prices through 1958 (January 1959 price at Chicago, $33.00).
9 Cases of 30 dozen.
long tons
dol. per lb._
SURVEY OF CURRENT BUSINESS
May 1060
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-29
1959
March
April
May
June
July
1960
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS— Con.
Coffee (green):
Inventories (roasters', importers', dealers'), end of
quarter
_ _ _
_ __thous. of bagsc?1-Roastings (green weight), quarterly total
do
Imports
___
.__
__ _ _.. _-do From Brazil
do
Price, wholesale, Santos, No. 4 (New York)
dol. per l b _ _
Confectionery, manufacturers' sales
thous. of doL.
Fish:
Stocks, cold storage, end of month
thous.
Sugar:
Cuban stocks, raw, end of month
thous. of Spanish
United States:
Deliveries and supply (raw basis):
Production and receipts:
Production
short
Entries from off-shore, total 9
Hawaii and Puerto Rico
1, 255
.376
74, 019
.365
72, 139
142, 584
161,252
1,781
1,840
.378
96, 185
.378
88, 415
of lb__ 141, 027
725
472
2, 163
1.275
3,125
5 204
3,044
1 615
378
66,' 868
.365
73, 303
176, 594
200, 907
2,922
5, 833
1 472
738
1 621
601
3 266
5 678
2 369
1 105
1 232
392
.360
131, 666
.353
127, 496
.373
122, 509
.361
112, 724
.366
101, 690
230, 052
240,248
237 586
242 153
232 009
209 489
180, 452
1,780
1 477
1,419
2,575
3,921
84, 706
506 582
81 730
573, 532
149, 826
r
T
2,147
796
r
.370
105, 495
tons..
'2,806
4,106
4,391
4,076
3,350
2,821
2,247
1,962
tons
do
do
42, 367
596, 387
152 535
45,312
612, 751
171 633
44, 259
637, 787
136, 094
47, 436
736, 911
240, 470
27, 788
714, 619
197, 555
79, 589
618, 316
181, 940
132, 639
807, 704
243, 097
627, 591
275 623
159 200
849, 769 663 671
251 474 142 610
155, 091
78 107
273, 431
605 046
30 808
717, 767
712,198
5, 569
733 510
723, 503
10 007
975, 454
968, 782
6 672
781, 190
774, 670
6,520
897, 874
886, 772
11, 102
919, 941 1,006,135
909, 235 992, 427
10, 706
13 708
658, 754
652 252
6,502
617, 143
612 327
4,814
785 651
782 047
3' 604
548 507 617, 094
545 400 612 325
4.769
3 107
1,828
507
1,755
981
1,463
371
1,469
548
1,282
620
1,247
684
1,811
490
2 005
713
2,082
498
!94 273
119 022
67, 463
157 050
115.442
3,360
238 722
177 891
9, 520
279 761
169, 869
79, 063
4 499
1 530
35 018
25, 900
Deliveries, total
- _
do
For domestic consumption
do
For export and livestock feed
do
Stocks, raw and refined, end of month
thous. of short tons__
Exports
__ _ _
short tons
Imports:
Raw sugar total 9
do
From Cuba
do
From Philippine Islands
do
Refined sugar total
From Cuba
_ __
Prices (New York):
Raw, wholesale
Refined:
Retail§
_ _ _
Wholesale (excl. excise tax)__
Tea, imports
827
2,278
4,987
1, 505
611
2,410
5,829
2,252
1, 119
do
do
1,078
399
954
336
r
387 484
250, 080
111,170
383 165
313, 744
69, 399
416 193
327, 645
88, 495
404 287
307, 760
96, 525
425, 156
308, 306
115, 329
414, 243
278, 112
125, 158
440 431
284, 275
130, 500
50 361
42, 586
55 477
44, 502
61 197
51,487
77 860
68, 113
99, 534
88, 733
23, 212
5,099
16 203
4,839
13 830
9 085
7 921
1,240
2,076
1 053
254, 404
215,408
95, 973 43 880
37, 879
.370
104, 890
485
"-
dol. per Ib
.058
.057
.063
.063
.063
.063
.065
.066
.064
062
.059
.060
r>. 061
dol. per 5 Ib
dol. perlb__
thous. of Ib
.552
.085
9,057
.551
.083
10, 949
.549
.083
10, 071
.553
.086
8,983
.554
.086
9,696
. 550
.086
8,228
.556
.086
7,264
.557
.088
9 130
.549
.088
8.131
.549
.088
11 042
.545
.086
9,644
.543
.086
11, 416
.542
".084
Baking or frying fats (incl. shortening):*
Production
mil. of Ib
Stocks (producers 'and warehouse), end of month
mil. oflb._
Salad or cooking oils:*
Production
do
Stocks (producers' and warehouse), end of month
mil. oflb..
Margarine:
Production
do
Stock s (producers' and warehouse), end of month
mil. of lb__
Price, wholesale (colored; delivered; eastern U.S.)
dol. per l b _ _
.371
197.0
189 4
185 9
183.5
147 2
186 8
1S6 9
200.0
201 9
185 9
190 2
196 8
194.0
123.4
136.4
140.7
142.5
116.7
114.6
1015. 1
111.0
110 9
116 0
110 5
114 9
123.0
157.3
158 5
164 3
186.0
155 2
147.6
128 8
120 3
124 4
130 1
129 4
147 8
154.3
68.1
66.6
58.5
51.6
48.7
40.3
40.9
41 7
47 0
54 1
60 0
57 7
132. 1
123 6
115 7
122.7
115 7
118.9
130.9
146. 1
143.5
163 8
158.5
143 5
41.5
43.2
36.3
33.5
33.9
34.3
30.2
32.6
30 4
34 0
36 7
38 1
38.7
.250
.250
.243
.250
.253
.253
.253
.253
.238
238
238
.238
p. 238
25.3
25.5
26.2
23 1
29.7
25 1
25.3
24.2
25.9
21 0
27.0
26.8
22.6
20.8
23. 2
22.0
27.0
23.4
25 4
18.2
28.2
21.5
29.7
23.6
29.8
29.6
30.3
28. 5
28.2
23.9
21.5
19.2
19 2
23 2
OJ 9
28 5
240.6
153. 2
268. 2
153.3
253.1
137.0
264. 4
140. 2
264. 3
148.2
252.9
141.2
258. 4
161. 6
360.2
342.8
56. 5
150. 4
FATS, OILS, AND RELATED PRODUCTS
Animal and fish fats: A
Tallow, edible:
Production (quantities rendered)
mil. o f l b _ _
Consumption (factory) 1
do
Stocks (factory and warehouse), end of month
do
Tallow and grease (except wool), inedible:}
Production (quantities rendered)
do
Consumption (factory )1
do
Stocks (factory and warehouse), end of month
do
Fish and marine mammal oils:}
Production
_
do
Consumption (factory) O
do
Stocks (factory and warehouse), end of month©
mil. of lb__
Vegetable oils and related products:
Vegetable oils (total crude and refined):
Exports
do_ .Imports
_
do
Coconut oil:
Production:
Crude
_
do
Refine d0
do
Consumption in end products
_ do _
Stocks, crude and refined (factory and warehouse),
end of month
mil of Ib
Imports
do
Corn oil:*
Production:
Crude
__ _
do_
Refined©
do
Consumption in end products
__
do
Stocks, crude and refined (factory and warehouse) ,
end of month
mil. of lb__
221.6
159.2
236.5
160.9
236.6
148.0
226.8
150.6
240. 0
119.1
235.5
145.3
297.2
299.5
310.8
316.6
332.5
322.8
327.0
333.1
326. 6
333. 1
332.1
.3
6.2
3. 1
6 3
18.5
6 9
36. 1
6 8
34.0
6 8
32.4
6 0
17.5
6.0
15.6
61
8. 5
95
2.3
10 4
.3
r
63
117.6
103.4
117.2
125.9
129.7
125.6
136. 2
130. 9
147.2
131. 9
71.7
50.0
177.2
50.7
186.4
50 4
91.6
44.0
234.1
49 1
169.0
39. 1
164.6
47.9
108.4
44 2
117.2
42. 1
28.9
26.1
42.8
38.4
36 0
50.1
36.5
36 4
51.5
41.4
35.4
51.0
34.0
29 1
39.5
42.4
34 3
53.6
38. 1
30.8
4G. 4
43.9
31.0
47.3
47.2
17 4
47 8
22 9
44 8
21 3
39 9
15 1
49 0
17 8
44 6
14 1
43.7
17 1
25.5
25. 1
26.0
25.0
26 2
28.0
25.4
28 0
24.9
26.9
25 3
26.7
24. 4
27 1
26.7
26. 7
27 8
29.4
25.8
28. 1
29.8
r
2f>. 1
23.2 -----27.4
.4
8.4
.2
9.0
88. 0
89.3
T
103. 7
r
87.3
44.3
109.8
33.4
144.9
30.9
106.5
44.3
29.4
47.7
34.7
28 4
49.2
33.6
27 1
46.9
30.3
30.3
'47.4
39.6
33.6
53.6
51.1
17.7
67.0
20.6
61.4
9.7
62.1
10.6
51.2
6.2
55.4
27.3
23.6
20.8
25 0
27.2
25.2
26 3
25.3
29.1
26 7
24.6
25.9
27.4
25.0
27.8
28 2
30.5
27.7
r
r
r
.
31.9
31.0
27.3
26.9
'28.6
27.0
27.9
30.0
29.6
23.6
31.2
30.5
30.8
' Revised.
* Preliminary.
cfBags of 132.276 Ib.
9 Includes data not shown separately.
§Price for New York and northeastern New Jersey.
*New series; comparable data prior to December 1958 not available, except for corn oil which may be obtained from Census reports.
AFor data on lard see p. S-28.
^Consumption data exclude quantities used in refining.
}For January-November 1958 revisions, see Census report, "Fats and Oils, 1958" (Series M28-1-08).
©Consumption figures
exclude data for cod, cod-liver, and other liver oils, and stocks include only the quantities of these oils held by producing firms. ©Production of refined oils covers once-refined oils (alkali
refined).
SURVEY OF CURRENT BUSINESS
S-30
May 1960
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
March
April
May
June
July
1960
DecemAugust SeptemOctober November
ber
ber
.lanuary
February
March
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS, AND RELATED PRODUCTS— Con.
Vegetable oils and related products — Con.
Cottonseed :J
Consumption (crushings)
thous. of short tons_
Stocks (at oil mills), end of month
- do
Cottonseed cake and meal J
Production
do
Stocks (at oil mills), end of month
- ._ -do--~
Cottonseed oil:
Production:
Crudet
mil. of Ib
Refined cf
do
Consumption in end products
- do
Stocks, crude and refined (factory and warehouse) ,
end of month
mil. of Ib
Price, wholesale (refined; drums; N.Y.)._dol. per lb__
432. 6
722.8
323. 5
405. 5
179. 2
233. 1
116.6
130.0
97.4
100.3
149.3
265.5
501.1
887 5
782.2
1,937 5
733.2
2 609 0
675.0
2,441 2
661.3
1 945 4
613.0
1 443 7
572.2
953 4
195 2
139. 8
151 5
166.4
85 9
170. 5
55 1
153.7
45 5
116.3
70 1
87.8
226 9
97.0
361 8
110.8
341 1
113!]
311 9
110.4
302 7
131 . 6
283 9
149.5
266 5
140 8
148.9
116.8
97.5
116.5
106 3
98.2
65.4
69.9
93.7
41. 5
60 8
90.2
35.0
40 6
73.6
50.3
51 2
75. 7
163.4
103 7
87.8
263.0
143 1
98.5
246.3
153 3
101 4
226 7
160 0
98 7
221 6
151 1
% 8
209 0
150 9
100 6
195 9
159 6
102 6
477.2
410.0
344.3
273. 5
214.2
166. 1
J
. 168
203 4
.156
311.6
.148
389.4
.143
462 8
.140
473 9
.146
477 0
.144
514 8
* . 145
31.6
13.7
3.01
46.8
58.6
3.03
37.9
48.7
3.01
54.8
70 0
2.97
81.7
67.7
3.28
83.0
93.4
3.42
84.7
98.4
3.68
48.5
82.3
3.85
49. 9
95.8
3. 58
51.8
77. 1
3.50
46.3
64.2
3. 35
45.3
54 4
3.28
22.4
37.8
33.5
40.8
26.8
39.0
39.3
36.1
58.9
38.8
59. 0
33.0
60.2
30. 5
34.8
23.8
35. 6
23.3
37.2
25.0
32.9
26.7
32 5
27 7
132. 7
.126
121.9
. 125
97.4
. 125
92 9
. 125
105.0
.127
121.6
.133
134.7
.139
142. 8
.145
149.7
.143
163. 8
.140
163.3
.139
161 2
p . 135
1,037.5
1,846.3
1,091.6
1,520.2
994.7
1 , 346. 5
957. 4
1, 090. 8
888.8
501 . 9
823. 8
750. 5
1, 060. 2
2, 367. 8
1,081.6
3,202. 8
1,013.7
3, 029. 0
919.9
1,016.8
2, 770. 0 2, 437. 5
1,037 3
1,944.1
1.596.2
200.4
1,685.0
299.2
1 , 540. 4
306.4
1,491.4
232.8
1, 395. 4
193.0
1,270.6
108.2
1, 618. 4
145.2
1,653.6
153. 0
1,553.6
126. 6
1,549.8
190.4
1,394.6
188.0
1, 558. 2
171 8
365. 6
321.7
282.9
385. 5
272.9
278.7
355. 2
307.9
308.9
344.1
257.7
255. 1
318. 6
283.1
268.5
296. 9
236.8
258.9
391.2
272.9
266.6
392.6
265.4
253.0
369. 2
290.0
271.6
370.5
287.9
274.8
335. 4
287.7
270.5
378 5
291 4
287.9
512. 6
512.6
472.9
464.4
386.6
J
. 135
298. 3
.133
321.4
.128
422.7
.119
507. 4
.117
551. 3
.119
.541. 2
. 115
.565. 3
v . 116
23, 070
13, 481
38, 865
13, 324
4,583
93, 654
11 656
50, 144
14 140
49, 748
12, 719
4, 854
57.518
10. 647
23, 072
14 675
25, 452
12 753
Flaxseed:
52.8
Consumption (crushings)
thous. of short tons..
28.1
Stocks (at oil mills) , end of month
do
2.99
Price, wholesale (No. 1; Minneapolis)-- dol. perbu..
Linseed oil:
37.3
Production crude (raw)
mil of Ib
32.6
Consumption in end products^
do
Stocks, crude and refined (factory and warehouse),
152. 6
end of month
mil. of lb_.128
Price, wholesale (Minneapolis). - -- dol. perlb..
Soybeans:
1, 080. 3
Consumption f crushings)
thous. of short tons
Stocks (at oil mills), end of month}
_ do - 2,219.8
Soybean cake and meal:*?
1,677.4
Production
.
mil. oflb
186.6
Stocks (at oil mills) end of month
do
Soybean oil:
Production:
380. 8
Crude
- - -- -do .._
303. 8
Refined cf
do
286.0
Consumption in end products!
.
do
Stocks, crude and refined (factory and warehouse),
476. 0
end of month
mil. of Ib
Price wholesale (refined; N Y )
dol per Ib
TOBACCO
Leaf:
Production (crop estimate)
mil of Ib
Stocks, dealers' and manufacturers', end of quarter,
total
mil of Ib
Exports including scrap and stems
thous of Ib
Manufactured products:
Production manufactured tobacco total
do
Chewing plug, and twist
- - do
Smoking
_
do
Snuff
- --- do Consumption (withdrawals):
Cigarettes (small):
Tax-free
millionsT ax-paid
do
Cigar^ (large) tax-paid
thousands
Manufactured tobacco and snuiT, tax-paid
thous of Ib
Exports cigarettes
millions
r
2 1,800
!
4,841
33, 219
12, 883
24, 180
11,429
24, 951
13, 306
4,449
25, 777
12, 671
14, 542
5, 404
6. 143
2, 995
15,381
5.712
6, 758
2,912
14,180
5, 487
6, 003
2, 689
15, 368
6, 041
6,442
2, 885
14,094
6, 065
5, 896
2, 133
14, 701
5, 484
6, 255
2. 963
15, 397
5, 689
6, 600
3, 108
15,643
5, 869
6, 662
3,113
14, 175
5, 610
5,677
2,888
13,371
5, 481
5,015
2, 875
13, 764
5. 265
5, 833
2, 667
13,360
5, 069
5, 510
2, 780
2,783
35. 493
511,721
3,216
38, 097
525, 8",0
2, 974
37, 252
618, 105
3, 240
38,413
650, 072
3,514
39, 908
514,704
3. 003
40, 926
529, 159
3,470
39, 165
552, 708
2,403
43. 060
566, 419
2, 853
36, 190
663, 329
3, 062
34, 318
442,144
2,718
37, 630
472, 885
3,087
35 181
485, 378
14,325
1,478
15, 044
1,600
14,080
1,621
15, 227
1 , 598
13, 148
1,938
14, 502
2, 042
14, 788
2. 253
15,157
1,038
14.093
1, 567
13, 293
1,663
13. 354
1,442
13 Oil
1 490
1, 573
4 709
27, 754
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value total 9
thous. of dol
Calf and kip skins
thous of skins
Cattle hides
thous of hides
Imports:
Value total 9
thous of dol
Sheep and lamb skins
thous of pieces
Goat and kid skins
do
Prices, wholesale (f.o.b. shipping point):
Calfskins packer heavy 9^i/15lb
dol perlb
Hides steer, heavy native, over 53 Ib
do
LEATHER
Production:
Calf and whole kip
thous of skins
Cattle hide and side kip thous of hides and kips
Goat and kid
thous of skins
Sheep and lamb
do
Exports:
Glove and garment leather
thous of sq ft
Upper and lining leather
do
Prices, wholesale:
^ole bends light f o b tannery
dol per Ib
Upper, chrome calf, B and C grades, f.o.b. tannery
dol. ner so. ft
T
1
5, 019
177
390
3,946
150
264
7,229
225
459
5, 427
174
285
5. 608
137
326
5, 253
141
282
4,834
126
267
6,104
162
326
6,939
187
466
4,422
134
311
5,056
165
417
7 874
198
661
6, 941
182
572
9,690
6 364
2,243
8, 872
4,364
2,217
7,916
3, 325
2, 338
9, 034
3,943
2,027
7,352
2,397
2,295
5,604
1,336
1,938
9, 235
4,591
2,017
6,372
1,339
2,130
5, 896
1,326
1,871
5,409
1.053
1.805
5, 319
1 917
1,627
4,667
1 306
1,678
8 905
5 585
1,530
. 675
. 183
. 750
.253
.875
.203
.700
.243
.725
.243
.725
.238
. 650
.228
.550
.193
.425
.130
. 500
.148
.600
.138
.560
.133
p . 560
p .143
597
2, 095
1,894
2,396
665
2,088
1,973
2, 524
561
2.034
2,032
2, 865
532
1,921
2, 139
2,601
416
1,598
1,877
2,262
515
1,873
1,739
3,123
492
1,795
1,792
2,674
497
1,912
1,894
2,601
468
1,768
1, 754
2, 634
515
1,883
1,814
2,372
504
1,805
1,844
2,537
496
1,838
1,814
2,684
1 629
2, 339
2,097
2,849
2,470
3,793
2, 124
2,826
1,250
2,387
1.758
2,377
1, 713
2, 566
1,794
3, 563
1, 624
3,408
1,637
3. 175
1,636
3, 082
1 889
2 687
2. 033
4. 050
710
1 010
945
947
953
.943
943
900
.800
.760
747
727
p 713
1.345
1.403
1.478
1. 425
1.385
1.385
1.368
1.292
1. 197
1.215
1.298
p
Revised.
Preliminary.
Beginning August 1959, price is quoted on carlot basis; not comparable with previously published data through July 1959 which are on l.c.l. basis.
2 December 1 estimate of 1959 crop.
JFor 1958 revisions, see Census report, "Fats and Oils, 1958" (Series M28-1-08).
^Production of refined oils covers only once-refined (alkali refined).
*New series; data prior to August 1958 are available from reports of the compiling agency (Bureau of the Census).
9 Includes data for items not shown separately.
' 1. 323 v 1.317
April
SUEVEY OF CURRENT BUSINESS
M:iv ]!¥>0
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-31
1959
March
May
April
June
July
1960
DecemAugust SeptemOctober November
ber
ber
January
February
March
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes an-d slippers:
Production total
thous. of pairs. _
Shoes, sandals, and play shoes, except athletic,
total
thous. of pairs. _
By kinds:
Men's
do
Youths' and boys'
do_ _
\y omen's
do
Misses' and children's
do_ _
I-nfants' and babies'
do
Slippers for housewear
do
\thletic
do
Other footwear
do
Exports
- - do__.
Prices, wholesale, f.o.b. factory:
Men's and boys' oxfords, dress, cattle hide upper,
Goodyear welt
1947-49=100Women's oxfords, elk" side upper, Goodyear welt
1947-49=100.Women's pumps low-medium Quality
do
57, 547
56, 048
51, 444
53, 428
51, 354
54, 672
53, 437
52, 378
45, 800
48, 409
53, 100
53, 403
58, 483
51, 476
49, 044
44, 737
46, 375
44, 344
46, 059
43, 947
42, 991
37,606
42, 950
48, 393
48, 150
52, 025
10, 425
2,318
27, 797
7,398
3,538
10, 523
2,195
26, 875
6, 239
3,212
9,498
2,110
24, 161
5,902
3, 066
9,305
2,158
25, 535
6, 395
2,982
8,325
2, 451
24, 655
6, 367
2,546
9,142
2,284
25, 264
6, 370
2,999
9,235
2,213
23, 394
6,092
3,013
9,053
2, 032
22, 686
6, 000
3,220
8,071
1,766
19, 619
5,243
2,907
8,803
2,080
22, 439
6,333
3,295
9,042
2,287
26, 735
6,983
3,346
8,596
2, 195
26 949
6,921
3 489
9,802
2,279
29, 337
6, 925
3 682
4,925
631
515
292
5,786
635
583
285
5,519
665
523
255
5,796
698
559
215
5,889
592
529
214
7,341
653
619
233
8,278
669
543
248
8,230
615
542
270
7,143
551
500
268
4,393
560
506
186
4,019
473
215
191
4 452
504
297
185
5, 465
603
390
252
124.6
128.7
128.7
128.7
129. 5
134.4
134.4
137.4
137.4
137.4
137.4
137.4
p 137 4
134.8
120.2
138.8
130.4
142.7
132. 0
142.7
132.0
142.7
132. 0
150.6
132.0
146. 7
132.0
146.7
132.0
146.7
133.7
146. 7
133.7
146.7
133.7
146.7
133. 7
p 146. 7
p 133. 7
LUMBER AND MANUFACTURES
LUMBER— ALL TYPES
National Lumber Manufacturers Association:
Production total
mil. bd. ft
Hardwoods
_ _ _ do
Softwoods
do
Shipments,
total
_ _ _ _ - do
r
Hardw
oods
do
SoftwToods
do
2,964
597
2, 367
3,111
591
2,520
3,121
603
2,518
3,271
599
2,672
3,163
639
2.524
3,221
593
2,628
3, 216
599
2,617
3,217
558
2,659
3,136
623
2,513
3,146
538
2,608
3,171
643
2,528
3,137
607
2,530
3,324
635
2,689
3,119
566
2, 553
3,304
633
2, 671
3.145
627
2,518
2,892
593
2, 299
2,639
564
2, 075
2,947
560
2,387
2,804
538
2. 266
2,681
554
2,127
2,634
587
2,047
2 924
568
2 356
2,798
637
2 161
3,096
532
2, 564
2, 959
619
2 340
do
do
do__
8, 945
3, 506
5,439
8, 846
3,510
5, 336
8,779
3, 555
5,223
8,778
3.597
5,181
8,782
3, 682
5,100
8, 816
3,717
5,099
9,022
3,787
5, 235
9,212
3,793
5,419
9.465
3,822
5, 643
9,610
3,844
5, 766
9,657
3,810
5,847
9. 800
3,741
6, 059
9,937
3,654
6, 283
M bd ft
do
86, 748
333, 370
52, 812
337, 937
59, 320
357, 910
65, 969
490, 723
66, 833
447, 255
70, 181
373, 098
76, 067
315, 658
70, 934
318, 744
68, 081
312, 434
76, 662
271, 351
64 823
214,418
60 041
305 515
71 578
709
662
706
729
865
779
678
729
763
882
791
735
717
734
857
636
579
760
792
826
775
658
671
695
812
671
633
667
696
786
654
587
739
699
826
647
554
731
680
905
630
571
680
613
971
833
703
715
701
985
566
666
650
603
1,034
687
704
724
649
1, 126
661
656
793
710
1,209
23, 724
21, 723
Exports, total sawmill products..
. M bd. ft
9, 561
14, 191
Sawed timber
do
12, 162
9,533
Boards, planks, scantlings, etc
_ _
-do
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
86. 032
dol. per M bd. f t _ . 84. 668
Flooring, C and better, F. G., 1" x 4", R. L.
127.212 127. 720
dol. per M bd ft
Southern pine:
702
715
Orders, new
mil. bd. ft
248
255
Orders, unfilled, end of month
do
636
661
Production
do
708
673
Shipments
.-_
.
do
Stocks (gross), mill and concentration yards, end of
1,828
1,781
month
__.
' mil. bd. ft
5,917
5, 950
Exports, total sawmill products. _
M bd. f t _ .
1,241
1,033
Sawed timber
- _
_
do
4,709
4,884
Boards, planks, scantlings, etc.
do___
Prices, wholesale, composite:
Boards, No. 2 and better, 1" x 6", R. L.
1
79. 806
dol. per M bd. ft.. 78. 688
Flooring, B and better, F. G., 1" x 4", S. L.
137.279
1
138.
486
dol. per M bd. ft.
Western pine:
775
776
Orders, new
_ _ _ _ _ _ .
mil. bd. ft
527
490
Orders unfilled, end of month
do
658
752
Production
. do
736
814
Shipments
_ _._
_
do
1,845
1,783
Stocks (gross), mill, end of month
_
do
Price, wholesale, Ponderosa, boards, No. 3, V x 12",
75. 970
80. 290
R L (6' and over)§
dol per M bd ft
20, 377
12, 007
8,370
28, 196
17, 510
10, 686
20, 361
11, 164
9,197
24, 146
13, 190
10, 956
30, 415
17, 965
12, 450
29, 728
15, 390
14, 338
26, 449
14, 194
12, 255
36, 436
22, 000
14, 436
32, 176
18, 252
13,924
25, 615
14, 827
10, 788
31, 722
17 271
14 451
87. 698
89. 825
89. 576
89.501
88. 637
87.100
82. 325
82. 601
83. 456
127. 988
129. 959
130. 103
'131.112
131. 879
132. 055
132. 463
131. 598
131. 688
702
281
646
676
(180
278
642
683
695
261
675
712
669
277
614
653
655
267
667
665
630
230
690
667
510
194
606
546
514
179
616
529
541
200
570
520
502
182
576
520
587
201
630
568
1,751
7, 500
1,932
5,568
1,710
5, 756
739
5, 017
1,675
8, 457
1, 639
6, 818
1, 634
6, 520
1,074
5,446
1, 636
7,721
1, 301
6,420
1,659
5, 055
1,154
3,901
1, 719
7,092
1,315
5,777
1, 806
8,412
1.925
6, 487
1, 856
7,649
1,247
6, 402
1,912
7,231
1,557
5,674
1,974
6, 420
1, 620
4,800
82. 273
Stocks (gross), mill, end of month, total
]Tardw r oods
Softwoods
.
Exports total sawmill products
Imports total sawmill products
SOFTWOODS
Douglas fir: r
Orders, new
_ _ _ mil.
Orders unfilled, end of month
Production
_ __
Shipments
Stocks (gross), mill, end of month .
bd. ft
do
do
do
do
1
1
1
1
80. 296
80. 768
81. 074
8J .626
82. 331
82. 461
137. 928
138. 009
138.254
'139.512
140. 158
140. 158
140. 158
140. 581
805
468
787
827
1,743
748
426
825
790
1,778
817
414
825
829
1,774
762
357
886
818
1,842
812
343
907
826
1,923
806
336
874
813
1,984
587
308
688
616
2,056
861
423
742
745
2,053
613
404
579
628
2,004
82. 460
83. 540
82. 310
81.030
79. 100
76. 650
75. 660
75. 500
76. 060
4,125
13, 150
3, 650
3, 950
11. 600
3,850
13, 275
3, 500
3,425
11,580
4,200
12, 900
3, 050
4, 300
10, 225
3,800
12, 950
3,050
3,750
9,625
3,800
12, 350
3, 250
3,850
8, 950
2,750
11, 700
3,675
3,350
9, 500
2, 925
11,225
3, 550
3,150
9. 675
2, 500
10, 800
2,850
2,900
9, 700
3, 225
10, 975
3,375
2, 825
10, 125
91, 028
80, 928
85, 913
89, 343
64, 889
79, 421
74, 152
84, 994
86, 197
63, 686
76, 281
62, 506
89, 322
89, 274
63, 734
76, 880
55, 819
90, 003
85, 582
65, 454
79, 379
51, 417
86, 499
85, 596
66, 357
76, 276
45, 977
88, 671
87, 220
67, 048
80, 262
42, 067
90, 435
84, 172
72, 602
65, 439
36, 062
77, 529
69,615
77, 945
69, 145
37, 057
77, 792
70, 392
85, 345
1
82. 274
r
f
r
181.905
1
139. 967
83. 536 p 83. 210
133. 084 pl33 084
r
80. 946 " 80.331
139. 741 ^139. 741
651
376
699
670
2 033
718
391
758
702
2 089
78. 420
' 79 683
3,575
11,500
2,950
2,800
10, 375
2, 675
11,550
2 825
2, 675
10,575
3 625
11,800
3 350
2, 900
10, 900
81, 169
47, 384
73, 631
71, 925
85, 683
72 509
48, 651
72, 509
69 294
87, 675
71 514
48, 276
78 715
71 889
94, 501
r
HARDWOOD FLOORING AND PLYWOOD
Flooring:
Maple, beech, and birch:
3, 500
Orders, new
_ _ . . _ M bd. ft
13, 325
Orders, unfilled, end of month
do. _
3,500
Production
do
3,175
Shipments
do
11, 675
Stocks (gross), mill, end of month
do__.
Oak92, 261
Orders, new
do
77, 913
Orders, unfilled, end of month
do
77, 302
Production
_ _ _ _ _ _
_ _ _ - _ . do
82, 964
Shipments
do
Stocks (gross), mill, end of month
_ __do ... 70, 029
Plywood (except container and packaging), qtrly. total:
Shipments (market)
M sq. ft., surface measure. _ 235, 882
r
Revised.
" Preliminary.
J
241, 550
Not entirely comparable with data prior to month noted.
245, 794
237, 636
§ Not comparable with data through 1958 which cover a different specification.
April
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
May I960
1959
March
April
May
June
July
1960
August September
DecemOctober November
ber
Janu-
Febru-
ary
ary
March
April
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excluding advanced manufactures and ferroalloys) :
Exports, total t
_ _ thous. of short tons
Steel mill products*
. do
Scrap J
_
do
Imports, total t - --- do
Steel mill products*
do
Scrap
.
do
476
190
273
327
288
20
506
191
300
433
360
19
603
179
411
516
385
31
631
211
406
527
410
31
683
176
496
577
430
24
621
63
551
458
324
31
486
59
423
458
366
12
479
47
426
454
362
14
575
69
499
659
461
41
726
130
579
650
539
15
7,539
4,334
3,205
7,479
9,232
7,476
4,390
3,087
7,442
9,269
7,349
4,393
2, 957
7,440
9, 183
7, 053
4,330
2,724
7,081
9,200
4,122
2,299
1,823
4,015
9,309
2,276
925
1, 352
2,100
9,490
2, 547
1,069
1,478
2,368
9,644
2,741
1,105
1,635
2,539
9,846
5, 450
2,921
2,529
5, 373
9,928
7 953
4 457
3,496
7 864
10,011
3,868
1,690
1,874
6, 166
4,687
1,963
12, 170
13, 743
3,327
12, 371
14, 301
4.125
5, 723
7, 118
3. 185
3,154
645
762
829
727
3,800
782
562
3,899
4,383
6,976
3,813
5, 036
5 178
3, 035
3,543
11,512
54
* 56, 702
13,
629
r
38, 504
4,569
5,852
11,540
24
51,580
15,117
32,914
3,549
] 6, 049
11,848
17, 763
11.131
59, 535
11,646
43, 746
4,143
3,558
1,464
39
71,111
10, 461
60, 650
3,025
11,604
7,091
1,593
372
96
75, 705
74, 235
11. 155
8,736
63, 080 /I 57,635
9, 334
10, 943
11 539
54, 685
13, 565
37,115
4,005
9,907
3.083
5,632
1.508
260
1,020
67. 253
63, 707
10.
362
10, 147
\ 53, 560 56, 891
71
120
94
100
82
89
87
71
7, 462
7,614
7,338
7,451
7.684
7,692
7,232
7,376
3, 544
3,577
2948
1,003
2949
1,088
2 ] , 018
1,172
764
203
551
530
158
356
512
465
10
636
168
459
507
471
11
7 428
4, 483
2, 946
7. 889
9,540
7 280
4 238
3,042
7 277
9,548
4,041
1 926
2. 370
4 017
1 779
2,516
4 431
11 337
34
4,299
11,788
100
73 040
8 524
i 56, 941
7,575
4 (>60
11.856
70
66, 816
10 839
49 257
6,720
61, 470
13 073
42 483
5,914
34, 994
5,463
100
109
73
115
4,199
4,479
7,573
7,734
7,754
7, 857
7 342
p 7, 398
Iron and Steel Scrap
Production and receipts, total
thous of short tons
Home scrap produced
do
Purchased scrap received (net)
_.
do
Consumption, total
do
Stocks consumers', end of month
_ .
do
T
r
r
T
Ore
Iron ore (operations in all U.S. districts):
Mine production
thous of long tons
Shipments from mines
do
ImportsJ
.
do
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
Consumption at iron and steel plants
Exports incl reexports
Stocks total end of month
At mines
\t furnace yards
\t U S docks
do
do
do
do
do
do
do
Manganese (manganese content), general imports t
thous of long tons
436
456
1
126
r
Pig Iron and Iron Manufactures
Pig iron:
Production (excl. blast furnace prod, of ferroalloys)
thous of short tons
Consumption
do
Stocks (consumers' and suppliers'), end of month
thous. of short tons__
Prices:
Composite
dol. per long ton
Basic (furnace)
do
Foundry No 2 Northern
do
Castings, gray iron:
Orders, unfilled, for sale, end of month
thous of short tons
Shipments total
do
For sale
do
Castings, malleable iron:
Orders, unfilled, for sale, end of month
thous of short tons
Shipments, total
_
do
For sale
do
r
r
3,553
3, 467
3.492
3,432
3,508
3,496
3,425
3,364
3, 052
2,979
2, 966
p 2, 974
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
885
837
1,236
1,252
898
933
533
873
744
507
883
850
528
887
872
520
885
832
516
846
717
1.108
585
'851
' 1.136
T
592
1,108
847
1,206
892
1,246
685
7 714
65. 95
p 66. 00
P 66 50
65. 95
855
666
689
96
84
50
103
91
54
100
83
50
95
85
51
75
69
43
86
65
40
82
76
46
85
76
49
83
58
42
94
80
46
100
83
46
98
83
47
11,568
92
162.6
11,282
93
163. 9
11,601
93
163. 1
10, 908
90
158.4
5,232
42
73. 5
1,439
12
20.2
1,535
13
22.3
1,705
14
24.0
7,268
60
105.6
11, 989
96
168.5
12, 049
96
169.4
11,127
94
167.2
131
104
134
105
135
106
144
112
106
84
98
79
100
80
106
85
109
86
133
104
123
94
129
98
396.1
128.8
104.1
397.7
135.7
105.7
393.5
141.8
104.6
374.6
140.0
108.1
374.5
101.5
79.5
374.4
97.9
77.5
372.1
103.5
80.0
373.3
97.3
74.3
405.2
87.3
63.3
420.1
114.4
85.3
420.1
122.6
93.6
571
Steel, Crude and Semimanufactures
Steel ingots and steel for castings:
Production
thous. of short tons..
Percent of capacity cf
Index
1947-49-100
Steel castings:
Shipments total
thous of short tons
For sale total
do
Steel forgings (for sale) :
Orders unfilled end of month
do
Shipments total
do
Drop and upset
do
Prices:
Composite finished steel (carbon)
dol per Ib
Steel billets, rerolling, carbon, f.o.b. mill
Structural shapes (carbon) f o b mill
dol per Ib
Steel scrap, No. 1 heavy melting:
Composite (5 markets) §
dol per long ton
Pittsburgh district
do
' 398. 3
r 129. 8
' 100. 1
' 11, 565 ^9,771
SO
92
' 162. 6 141.9
356.2
137.9
107.8
.0698
. 0698
.0698
.0698
.0698
.0698
.0698
.0698
.0698
.0698
.0698
.0698
0698
95 00
.0617
95 00
.0617
95.00
.0617
95.00
.0617
95. 00
.0617
95.00
.0617
95.00
.0617
95.00
.0617
95 00
.0617
95 00
.0617
95 00
.0617
95.00
.0617
p 95 00
P 0617
41.33
44.00
35.16
37.00
33.41
35.00
35.67
36.00
38.48
40.00
37.63
38.00
39.17
38.00
42.04
41.00
44.47
46.00
41.23
42.00
41.41
43.00
r 40. 04
p 34. 17
p 36. 00
2,068
2,017
2,546
2,157
2,575
2,523
1,983
2,848
•• 1, 937
2,026
' 1, 897
1,684
' 1, 875
M , 466
2,120
1,286
2,653
1,459
2,193
2,280
1, 796
1,808
1,616
1,424
341
186
287
387
216
327
401
219
347
445
251
386
503
302
451
615
423
546
642
412
577
383
235
328
1, 623
31,160
' 1, 443
29, 899
1,519
29, 088
1, 543
23, 434
298
170
258
317
177
274
301
181
251
288
171
237
"•43.00
Steel, Manufactured Products
Barrels and drums, steel, heavy types (for sale):
Orders unfilled end of month
thousands
Shipments
do
Cans, metal, shipments (in terms of steel consumed),
total for sale and own use thous of short tons
Food®
_
_
do
Shipments for sale
do
Closures (for glass containers) production
millions
Crowns production
thousand gross
r
1, 570
26, 612
1,691
28, 987
1,606
30, 369
r
1, 788
34, 263
r
1,356
18, 526
1,374
21, 640
r
r
1,435
21 , 904
1,467
22,681
Steel products, net shipments:
1,339
1,419
4,842
1,283
8, 754
4,131
9,700
7.583
8.211
8. 430
8,118
8, 603
7,966
Total (all grades)
thous of short tons
386
414
253
346
132
416
357
351
374
344
Semifinished products
do
570
619
315
593
657
277
562
568
574
554
Structural shapes (heavy) steel piling
do
434
776
418
754
694
701
788
727
755
651
Plates
do
47
192
75
120
170
192
160
139
149
167
Rails and accessories
...do
r
l
2
Revised.
* Preliminary.
Reflects inventory adjustment.
Including blast furnace production of ferroalloys.
t Revised (beginning in the February 1960 SURVEY) to include certain metal manufactures classified by the industry as steel mill products but formerly omitted from the total shown hero;
see note marked "* ".
*New series (from Bureau of the Census). Data beginning January 1959 revised (in the April 1960 SURVEY) to include exports of secondary tinplatc. Revisions for 1958 for total and steel
mill products exports and imports are shown in the March 1960 SURVEY (bottom p. S-32).
t Scattered revisions for 1957-58 are available upon request.
d* For 1960, percent of capacity is calculated on annual capacity as of January 1, 1960, of 148.570,970 tons of steel; for 1959, as of January 1, 1959 (147,633,670 tons).
§ Represents the weighted average of consumers' buying prices (including brokerage), delivered, at following markets: Pittsburgh district, Chicago, Philadelphia, Birmingham, and
San Francisco.
©Excludes shipments of food cans of the pressure-packing type; such types are included in total shipments.
May 1060
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
SURVEY OF CURRENT BUSINESS
S-33
1959
March
April
May
June
July
1960
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel, Manufactured Products— Continued
Steel products, net shipments— Continued
1,211
1,282
1,337
606
1,518
1,214
Bars and tool steel, total
thous. of short tons__
1,157
1,283
1,245
759
368
845
890
825
969
Bars: Hot rolled (incl. light shapes)
__do _ _
883
502
879
842
901
254
256
142
217
346
145
Reinforcing
do
213
140
163
185
159
172
181
88
191
176
Cold
finished
do
172
86
160
166
930
1,113
1,141
554
1,261
698
859
914
Pipe and tubing
do _
510
765
362
429
403
192
275
491
372
Wire and wire products
do
381
306
233
821
714
314
830
635
818
Tin mill products
do _
553
588
528
349
3,174
3,291
3,185
3,215
1 563
3,332
3,590
Sheets and strip (incl electrical) total
do
3,275
3,049
1,943
956
459
928
947
942
1,154
956
995
912
Sheets' Hot rolled
do
575
1,524
1,496
718
924
1,592
1,557
1,608
1,599
Cold rolled
do
1,607
1,447
Fabricated structural steel:
242
244
259
255
295
366
221
291
197
284
343
260
289
Orders new (net)
thous. of short tons..
195
294
239
260
291
236
209
220
183
181
241
277
365
Shipments
do
1,922
1,891
1,768
2, 364
1,873
1,679
1,772
1,871
2,195
1,717
2,068
2,116
2,189
Backlog end of month
do
NONFERROUS METALS AND PRODUCTS
Aluminum:
155.2
173.7
157.2
163.9
179.2
163. 0
167.3
168.2
170.7
Production, primary, domestic thous. of short tons__
153. 7
164.0
156.8
172.8
41.0
40.0
37.0
39.0
42.0
37.0
37.0
36.0
37.0
33.0
41.0
Estimated recovery from scrap0A
do
Imports (general):
14.0
22.8
18.5
14.2
30.5
30.8
26.4
14.8
31.4
12.0
10.6
Metal and alloys, crude
do
15.8
4.3
3.7
4.4
3.7
4.5
5.0
4.2
4.7
3.4
4.4
3.5
Plates, sheets, etc.t
do_
4.6
Stocks, primary (at reduction plants), end of month
131.1
159.2
131.5
112.7
80.4
88.6
109.1
111.6
127.5
115.0
thous. of short tons__
94.0
117.1
132.8
. 2680
.2680
.2680
.2680
.2680
.2736
.2810
.2680
. 2680
.2810
Price, primary ingot, 99.5%+
dol. per lb__
. 2680
.2680
.2810
.2810
Aluminum shipments:
2
r
r
452.1 * 523. 3 '509.3
r 414. 4
389. 7
314.2
480.1
370. 7
428.5
Mill products and pig and ingot (net)J
mil. of lb._ ' 387. 4 ' 423. 3
372.5
r
2 r 272. 9
' 294. 8 r 321. 4
r 342. 0
373.1
247. 6 ' 262. 8 287.2
247.5 r 267. 9
250. 0
256.0
Mill products, total
_ _ _
_ do _
170.2
144.1
2150.7 r 156. 5
195.4
182.6
130.7
120.5
131.3
127.8 ^ 143. 1
135.8
Plate and sheet
do
67.5
73.0
68.3
56.9
73.4
66.5
65.1
66.2
55. 9
54.6
71.8
' 68. 2
Castings§
- do_-_
Copper:
Production:
101.6
29.9
100.6
27.1
25.9
98.3
94.4
86.9
95. 7
54.8
47.9
Mine, recoverable copper
thous. of short tons_.
25.9
'75.2
1
124.6
130.2
32.7
131.8
128.7
45. 4
132.4
125.7
28.1
78.9
i 70.7
85.9
30.2
Refinery, primary _
. do
1
13.6
98.9
102.9
101.4
105.
2
101.4
94.2
12.9
17.3
45.5
143.9
12.2
64.3
From domestic ores
do
25.8
19.1
27.3
30.4
15.2
27.2
27.3
31.5
128.2
33.5
126.7
From foreign ores
_
do
17.9
21.6
26.2
22.6
21.7
19.9
17.3
i
16.9
19.9
22.7
i 13.8
16.0
22.8
25.8
Secondary recovered as refined
do
14.4
Imports (general):
44.9
37.2
31.5
35.8
44.8
60.3
52.8
76.7
38.4
80.7
68.8
63.7
47.5
Refined unrefined, scrap©!
do
19.8
5.0
11.8
3.8
10.7
40.2
40.3
19.3
12.9
34.1
18.0
43.7
22.6
Refined
do _
Exports:
24.2
6.0
23.0
18.0
13.7
16.0
10.5
18.8
11.7
34.7
4.8
17.0
29.4
Refined, scrap, brass and bronze ingots . do__.
20.6
4.4
14.5
19.4
11.4
5.1
12.6
21.2
16.6
9.0
11.3
2.3
19.0
Refined
do
139. 9
147.2
120.0
138.8
146. 8
88.3
108.0 p 111.0 P 122. 0 v 139. 0
129.1
117.1
103.0
Consumption, refined (by mills, etc.) __ _ _ do__.
169. 2
187.8
135. 0
181.4
181.7
121.0 p 122. 0 P 119.0 p 128. 0
229.7
194.8
171. 0
129.0
Stocks refined end of month, total
do
120.2
125. 3
123.2
139. 7
87.0
82.0
177.8
130.0
158.7
81.0
P76.0
P81.0
v 76.0
Fabricators'
_
do
.3116
.3130
.3008
.3258
.3103
. 2989
.3110
.3102
.3372
. 3261
. 3406
Price, bars, electrolytic (N.Y.)
dol. p e r l b _ _
. 3260
.3365
.3298
Copper-base mill and foundry products, shipments
(quarterly) :
554
514
575
578
Brass mill products
mil of Ib
381
405
412
387
Copper wire mill products©
do
935
225
262
240
Brass and bronze foundry products
do
Lead:
Production:
21.2
20.2
21.3
21.4
20.5
21.0
19.6
19.9
21.9
24.9
20.9
21.4
Mine, recoverable lead
thous. of short tons
22.4
36.2
35.8
37.8
34.4
35.0
35.0
37.2
35.5
35.5
36.7
37.7
37.9
Secondary, estimated recoverable 0t-do. .
24.9
33. 6
40.7
38.4
33.1
54.8
35.3
25.1
24.2
33.7
35.0
26.9
Imports (general), ore©, metalt
do
96.2
98.4
91.3
93.9
85.1
95.8
89.6
85.7
84.5
90.0
Consumption, total
.
__
do___
87.3
85.1
Stocks, end of month:
Producers', ore, base bullion, and in process©
99.0
97.8
88.2
89.9
103.6
89.6
83.9
100.0
101.3
109.9
119.1
(ABMS)
thous. of short tons
125.5
Refiners' (primary), refined and antimonial©
197.0
170.9
121.2
119.4
209.8
132.6
128.2
119.4
142.0
118.2
117.0
thous. of short tons..
115.5
124.0
132.5
133.3
154. 9
123.4
153. 9
147.3
123.1
156. 0
130. 2
120.5
126. 6
Consumers' o*
do
34.8
37.1
50.4
41.8
37.4
45.5
46.1
49.0
49.9
50.7
42.7
Scrap (lead-base, purchased), all consumers. _do
41.8
.1119
.1190
.1200
.1229
.1300
.1141
.1200
.1300
.1300
. 1252
.1200
.1200
Price, pig, desilverized (N.Y.)
dol. perlb__
.1200
.1200
Tin:
Imports (for consumption) :
334
37
Oi-p0j
long tons
18
61
54
3,783
2,454
138
430
2, 452
526
4,214
3, 500
3,845
4,662
4,984
2, 547
3,876
2, 399
3,166
2,938
3,410
3,620
Bars, pigs, etc
do
r
1,910
2,010
1,845
2,150
1,745
1,710
1,980
1,955
1,990
1, 930
2, 215
2,030
Estimated recovery from scrap, total ©J _
do
270
255
275
315
250
285
260
210
255
280
255
210
As metal
do
7,455
4, 825
7,755
5,600
4,920
7,935
4,760
7, 510
5,645
6,985
7,400
7,280
Consumption pig total
do
4,995
2, 150
4,880
3,210
2,270
4,995
2,185
4,700
3,235
4,470
4,570
4,760
Primarv
_ _ _ _ do
54
110
31
155
167
159
106
129
153
92
194
122
173
Exports, incl reexports (metal)
do
20, 950
22, 995
27, 285
21,700
22, 645
23, 060
25, 475
28, 170
21, 755
26, 955
26, 765
24, 050
Stocks pig (industrial), end of month
do
1. 0231
1.0250
1. 0304
1. 0243
1. 0220
1. 0415
1. 0233
1. 0096
.9913
. 9985
1.0097
1.0009
.9924
Price, pig, Straits (N.Y.), prompt
dol. perlb_. 1.0303
Zinc:
Mine production, recoverable zinc
38.4
31.5
38.3
29.4
34.2
31.8
37.1
36.7
35.5
31.2
38.0
42.1
37.3
thous. of short tons..
Imports (general):
38.9
47.4
49.0
41.9
34.6
45.7
32.4
37.8
30.3
43.3
36.8
36.0
Ores and concentrates©!
do
17.1
16.8
17.7
17.2
9.1
6.5
13.3
9.5
16.0
10.7
11.0
Metal (slab, blocks)
do
9.0
Consumption (recoverable zinc content):
8.2
8.4
8.8
7.8
8.8
8.8
8.3
8.7
7.9
7.9
7.3
7.7
Ores©
do .
20.4
22.1
20.6
15.8
19.1
15.3
20.6
22.8
22.0
21.5
21.1
'20.8
Scrap, all types
do
Slab zinc:
Production (primary smelter), from domestic and
58.3
66.7
59.4
71.9
70.5
68.5
65.9
74.8
71.0
61.1
69.5
71.0
foreign ores
thous. of short tons
2.9
5.6
2.9
5.4
3.9
4.6
3.0
5.2
5.0
3.9
3.8
3.7
Secondary (redistilled) production, total
do
66.9
88.1
65.4
62.5
89.3
60.5
71.1
87.4
90.1
96.0
87.4
88.1
Consumption, fabricators' total
do
.1
.1
1.2
.2
2.8
.4
.2
3.0
5.6
5.9
2.3
1.8
.7
Exports!
do
Stocks, end of month:
176.2
144. 5
169.4
182.0
191.3
154. 4
192.0
193.0
206. 1
203.9
196.0
137.1
136.6
147.9
Producers', smelter (AZI)
_ _
do
76.4
90.2
94.8
98.4 '100.3
93.2
92.6
95.0
97.1
79.2
76.3
86.2
Consumers'
do
.1133
.1213
.1250
.1100
.1100
.1288
.1300
.1300
.1100
.1100
.1100
.1100
.1250
.1300
Price, prime Western (St. Louis)
dol. perlb..
2
Jam] ary 1959 r evisions ( mil.lb.): Total, 362 .7; mill, 2 36.9; plate , 124.1.
' Revised.
v Preliminary.
1 Part of August 195
9 product ion is incl uded in JJ ecember 959 data.
© Basic
metal content.
A Re vised effective with the February 1960 SURVEY to include monthly estimate of secondary aluminum recovered by nonreporting producers.
§Data for 1958 have been adjusted to industry totals based on the expanded survey of producers introduced in January 1959. It is believed that the same general level of revision (increase
of approximately 8 percent) could be applied to the 1957 estimates. Revisions for 1958 are shown in the January 1960 SURVEY.
t Re vised effective with the February 1960 SURVEY to include monthly estimate of lead recovered from nonreporting secondary smelters and lead recovered from copper-base scrap; revisions
for 1958 for
are shown
in the February 1960 SURVEY.
Digitized
FRASER
cfConsumers'
and secondary smelters' stocks of lead in refinery shapes and in copper-base scrap.
J Scattered revisions for 1957-58 are available upon request.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
SUKVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
Mav 1000
1959
March
April
May
June
July
I960
August
Novem- DecemSeptemOctober
ber
ber
ber
January
February
March ! April
METALS AND MANUFACTURES—Continued
HEATING APPARATUS, EXCEPT ELECTRIC
Radiators and con vectors, cast iron:
Shipments
mil of sq ft of radiation
Stocks end of month
do __
Oil burners: A
Shipments
thousands
Stocks, end of month
_do
Stoves and ranges, domestic cooking, incl. built-ins: Ad"
Shipments, total
thousands. Coal and wood
do
Gas (incl. bungalow and combination)cf
do
Kerosene gasoline and fuel oil
do
Stoves, domestic heating, shipments, total At
Coal and wood
Gasf
Kerosene gasoline and fuel oil
do
do
do
do
Warm-air furnaces (forced -air and gravity air-flow),
shipments totalAt
thousands
(las
do
Oil
do _ _ Solid fuel
do .__
\Vater heaters gas shipments A
d.o --
1.7
4.6
1.8
4.7
1. 1
5.3
1.4
5.4
1.6
4.8
1.7
4.6
2.3
3.9
2.3
3.3
1.9
2.9
1.3
3.1
1.2
3.5
1.4
3.7
43.8
46.3
43.5
53.2
48.2
52.2
68.4
51.9
54.1
52.7
65. 4
50.8
79.3
42.7
77.6
39.9
47.6
37. 2
32.6
40. 1
36.8
43.1
39 2
48.0
181.8
3 5
171. 5
6.8
175. 6
4.0
164.8
6.8
170.3
2.4
161.3
6.5
1S3. 3
3.9
172.4
7.0
156.0
3.9
145. 5
6.7
186. 9
3.8
176. 6
6.5
222.4
5.2
210. 3
6.9
208.8
5.6
194. 5
8.7
181.8
0)
168.6
i 13.2
3.0
156. 9
3.3
133. 5
3.1
158.6
132. 1
12.7
73.1
46.3
131.1
18. 6
75 8
36.7
122.1
20.9
63.4
37.8
200.7
27.3
126.6
46.9
232. 5
32. 5
146.0
54.0
303. 8
42.2
196.5
65. 0
344. 5
55. 5
225. 5
63.5
332.7
50.2
224.9
57. 6
229.5
31.1
165.6
32.8
90.8
13.1
64. 5
13.1
95.0
70.3
22.9
1.8
252. 6
97.6
74.6
21.1
1.9
248.1
100.6
75.7
23.2
1.7
227. 6
119.3
89 4
26.9
3.0
236.7
126. 5
94.9
28.3
3.3
234.7
151.2
110.8
35.4
4.9
241. 2
170.7
120.9
43.9
6.0
231.5
172.3
125. 5
41.2
5.6
262.7
119.9
90.7
26.0
3.2
190.3
86.7
68.3
16.4
2.1
183.3
r
78.9
72.0
5.4
'41. 5
25.1
45^9
25.4
79.9
63.2
15.3
1.4
201.6
'78.3
61.7
15.2
1.3
202.1
MACHINERY AND APPARATUS
Blowers, fans, and unit heaters, quarterly totals:
TT 't h
t
'
'
d r^
do
Foundry equipment (new), new orders, net
monthly average shipments, 1947-49=100.Furnaces, industrial, new orders, net:
Electric processing
mil. of dol_
Fuel-fired (except for hot rolling steel)
do
34.0
<• 19.4
36.5
21.9
40 5
19.9
37 1
24.1
r
166. 6
154.2
157.0
125. 1
110.7
134.1
131.3
140.8
131.2
95. 9
95.5
128. 6
159.9
.9
3.3
1.2
6.9
1.0
2.5
1.5
3.1
2.2
6. 2
1.6
5.7
1.8
1.6
3.0
5.9
1.4
4.1
1.6
5.2
1.4
2.2
2.0
2.2
1.1
5.6
Industrial trucks (electric), shipments:
"Hand (motorized)
number
Rider-tvpe
- do
Industrial trucks and tractors (gasoline-powered),
shipments
- number. _
426
266
440
295
361
292
574
384
579
400
355
273
433
386
621
400
561
443
548
408
533
426
532
432
564
481
1,897
2, 155
1,760
2, 040
1,916
2,161
2. 226
2, 520
2,462
2,624
1.773
2.091
2,722
Machine tools (metal-cutting and metal-forming) :
New orders (net) total
mil. of dol
Domestic
do
Shipments total
do
Domestic
do
Estimated backlog.months..
51. 55
46.70
45. 75
39.40
3.9
53. 20
46. 90
45. 00
38. 25
3.9
48.70
45. 55
41.00
36. 30
3.9
65. 40
63. 40
53. 25
40. 60
37.00
4.6
52.20
47.05
40.30
35. 35
4.8
58. 85
50.10
46. 15
42. 25
4.9
66. 65
51.15
51.50
46. 1 5
5.1
54.25
44.10
46.60
41.10
25.2
58. 30
48.15
63. 85
55. 35
24.8
56. 45
45. 05
46.40
40. 65
2
5.0
T 60. 60
46. 50
51.95
44.
65
2
4.5
"61.00
"47.30
P64.25
P54.40
P24.8
211 7
62.0
14 4
426.9
427.8
<32.6
441.2
436.5
Other machinery and equipment, quarterly shipments:
Construction machinery (selected types), total 9
mil. of dol- Tractors, tracklaying (crawler), total
do
Tractor shovel loaders, integral units only (wheel
Farm machines and equipment (selected products),
excluding tractors
mil of dol
Tractors, wheel (excl. gard'en and contractors' offhighway tvpes)
mil of dol
Pumps (steam, power, centrifugal, and rotary), new
orders
mil. of dol._
no. 10
50. 05
44. 95
4.1
372 6
107.4
35 3
248.4
71.8
20.5
292.4
90.1
22.6
49. 6
70 1
65 3
52 1
240.2
285.3
208. 1
146. 5
148.8
182.6
117.1
118.7
5.6
r
r
r
1.8
6.9
i
HI. 3
I
6.7
7.0
7.3
5.7
6.2
5.5
5.8
5.5
1,437
1, 593
2, 118
2,556
2,728
2, 889
3, 069
2,799
2, 467
1,865
136. 1
135. 7
133.4
140. 5
151.4
138.8
129.2
116.4
116.6
104. 5
157. 2
132.0
143.4
112.6
144.0
93.5
147. 5
113.0
113.5
117.0
270. 0
257. 3
341.9
277.9
1.039.6 31,430.2
431.9 3 571.0
221.2
318.1
829.0
350.4
268. 5
359. 8
1,009.4
547. 4
305. 1
394. 1
31,981.2
3 808. 3
330.9
374.1
1,795.7
706. 6
290.1
293. 8
312.8
264.2
1, 346. 1 31,553.3
560. 8
s 593. 2
258. 3
254. 6
1,355.8
526. 5
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), shipments
thousands. . 1,376
Household electrical appliances:
Ranges (incl. built-ins), domestic and export sales
172. 6
thousands. _
148.3
Refrigerators and home freezers, output*. _ 19.57 =100. Vacuum cleaners (standard type), sales billed
346. 6
thousands- 329.7
Washers, sales billed (domestic and export) O. -do
3
6
Radio sets, production§
__
do.__ 1,347.
3
494. 0
Television sets (incl. combination), prod.§
do Electronic tubes and semiconductors, factory sales
77.9
mil. of doL.
Insulating materials and related products:
Insulating materials, sales billed, index
152
1947-49=100..
Steel conduit (rigid), shipments
thous. of ft_- 25, 856
Motors and generators, quarterly:
New orders, index
1947-49=100
Polyphase induction motors, 1-200 hp:
New orders, gross..
.thous. of dol_Billings
do
Direct current motors and generators, 1-200 hp:
New orders, gross
thous. of doLBillings
do
r
3
317.4
274.4
1 . 040. 2
389.3
1,641
1.S73
143.2
143.3
156.4
148.6
69.4
77.5
70.0
74.0
87.0
88.5
82.3
84.0
86.6
81.5
92.2
166
31, 654
153
35, 037
153
46, 100
131
39, 126
145
29. 926
160
20, 192
164
10, 248
141
13.016
154
39. 063
146
42,211
149
32, 463
20 505
13, 322
4 14, 293
* 16. 034
* 2, 053
* 3, 498
164
186
169
169
47, 367
46 848
39, 628
39, 981
41.938
40 015
7 781
6, 641
7,222
fi, 283
7 124
7 069
4
4
2, 560
:::::::::
294. 5
339. 9
283.6
307. 6
1,442 .4 rn ,667. 6 pl.232. S
503. 5 ' s 549. 5 P 423. 7
68.0
41,089
38 188
8,271
5, 169
r
2
Revised.
p Preliminary.
* Shipments
of coal and wood stoves are included with liquid fuel types.
Estimated backlog for metal-cutting tools only.
4
Represents 5-weeks' production.
Data are for month shown.
ABeginning January 1959, industry estimates are based on revised inflating factors and are not strictly comparable with earlier data.
concludes data for built-in gas-fired oven-broiler units: shipments of cooking tops (for use with the ovens), not included in figures above, totaled 23,600 units (4-burner equivalent) in
February 1960.
® Revisions for 1958 are in the April 1960 SURVEY.
9 Includes data not shown separately.
fRevisions for gas heating stoves (January-June 1958) and warm-air furnaces (January 1957-June 1958) are available upon request.
*New series (from Board of Governors of the Federal Reserve System}; monthly data for 1947-1958 are available upon request.
OData exclude sales of combination washer-dryer machines; such sales (including exports) totaled 18,700 units in March 1960.
§Radio production comprises home, portable battery, automobile, and clock models; television sets include combination models. Data for March, June, September, and December
1959 and March 1960 cover 5 weeks; all other months. 4 weeks.
SURVEY OF CURRENT BUSINESS
May 1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-35
1959
March
April
May
June
July
1960
Xovern- DecemAugust SeptemOctober
ber
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, total 9
thous. of short tons-Electric power utilities
do
Railroads (class I)
do _.
Manufacturing and mining industries, total. _do
Coke plants (oven and beehive)
__do _
Retail deliveries to other consumers
- - do .
Stocks, industrial and retail dealers', end of month,
total
thous. of short tons__
Electric power utilities
do
Railroads (class I)
_ _
_.
~_.do
Manufacturing and mining industries, total do- Oven-coke plants
- - -.do
Retail dealers
-
-
-
do
Exports
...do Prices:
Retail, composite
dol. per short ton
Wholesale:
Screenings, indust. use, f.o.b. car at mine. -do
Domestic, large sizes, f.o.b. car at mine
do
r
1,508
281
108
1, 503
329
79
1,388
372
158
1.683
395
106
1,142
411
119
1,515
442
108
1, 726
467
217
1,709
470
180
1 , 763
445
213
1,800
429
153
1, 034
378
101
1 579
366
105
28.80
14. 763
28.75
13. 391
27.44
13. 391
27.34
13. 391
27.48
13.811
27.49
13. 811
27.40
14. 231
27.40
14. 651
27.74
14. 651
27.82
14. 651
28.18
14. 051
28.18
14. 651
28.18
v 14. 651
1 680
294
90
35, 229
34, 931
35, 323
36, 599
24, 230
29, 906
32, 373
34, 724
35, 824
40, 376
36, 110
r
34, 670
38, 200
34, 758
14, 400
30, 940
12,632
30, 269
12,718
29, 928
13, 249
26, 129
13, 391
24, 393
12,987
26, 252
13,389
32, 135
14 084
36, 904
15, 223
38, 155
15 865
39, 154
16 099
16, 367
8,881
16, 190
9, 068
15, 310
8, 568
8,921
2,612
8,879
2. 524
9, 678
2, 600
14, 417
6, 203
17, 709
8. 697
263
17,962
8,891
' 36, 518
15 016
17, 266
9, 096
133
11,231
5, 048
24, 585
13.806
r
r 8 59$
18, 531
9, 106
2,802
1,634
1,018
1,059
1,248
1.622
2,281
2,881
3,267
3,731
4,063
3 986
4,269
65. 868
41.939
65, 739
42, 292
67, 659
43, 686
70, 369
44. 932
65, 374
43, 493
66, 596
45, 376
68, 732
47, 680
72, 663
49, 758
74, 653
50, 561
76, 202
50, 107
73, 426
48 038
'225
24, 331
12 099
' 70, 640
46 084
66, 955
43 345
r
22, 964
11, 148
286
337
23, 073
11,684
241
276
22, 686
11,569
189
266
23, 077
11,837
152
271
24, 369
12, 428
249
20, 700
9,278
131
246
19, 912
8,442
137
246
19, 733
7,927
186
246
21,585
9,374
242
233
22, 738
10, 128
266
225
24, 840
11,495
248
17,266
209
23 722
r 11
242
1 231
34, 685
251
195
519
485
630
797
932
1 , 062
1,073
1,074
1, 121
1,030
832
625
451
2.824
3, 148
3, 303
2.894
3. 677
4,001
3. 509
3,111
2,481
2, 858
2,050
2 126
2,147
17.00
16.94
16. 58
16.55
16. 65
16.72
16. 95
17. 10
17.12
17.14
17.19
17 20
17.21
5. 341
7. 775
5. 206
7. 359
5. 174
7.313
5. 173
7.459
5.175
7. 585
5. 171
7.724
5.184
7.822
5. 202
7.838
5. 192
7.944
5. 193
7. 953
5. 193
7. 953
5 193
7.953
p 5. 179
P 7. 953
141
6,262
736
162
6,074
617
143
6,244
693
125
5, 923
68
3,489
663
50
1.789
37
1,739
39
1,801
65
4,270
672
89
0, 052
6,187
no
r
127
5 912
135
6,241
768
706
3, 587
2, ] 58
1,429
1.094
3,154
1,835
1,320
1,131
61
2.900
1,643
1, 257
1,178
41
3,164
1.828
1.336
1, 203
33
3,423
2,042
1,381
1,094
35
41
3,788
2,274
1,515
1,185
29
4, 333
2,680
1,652
1, 163
32
4,830
3,101
1,729
1,096
50
4,988
3 227
1,760
1. 114
4, 505
2 819
1,686
1,141
4. 038
2 528
1,510
1, 163
34
35
30. 35
30. 35
30. 35
30.35
30.35
30.35
30.35
30 35
30 35
30 35
30 35
30 35
30 35
Crude petroleum :
1,995
Oil wells completed!
number
2.97
Price at wells (Oklahoma-Kansas)
dol. per bbL254, 422
Runs to stills!
thous. of bbl
88
Refinery operating ratio
- - percent of capacity
2,209
2.97
235. 982
2,149
2.97
244, 789
2,368
2.97
239, 607
2.447
2.97
244. 316
2,114
2.97
250, 508
2,189
2.97
236, 326
2,076
2.97
237, 066
2,377
2.97
239, 517
2,430
2.97
252, 442
2, 132
2.97
256, 659
1 464
2.97
233 880
P2.97
86
84
COKE
Production:
Beehive. _ , _ - . . - . . . _
thous. of short tons .
Oven (bvproduct)
_
- do
Petroleum coke §
do
Stocks, end of month:
Oven-coke plants, total
do
\t furnace plants
do
At merchant plants
. .
do
Petroleum coke
do
Exports
-. - - - _ .do _
Price, oven foundry coke (merchant plants), f.o.b.
Birmingham Ala
dol per short ton
724
670
685
683
35
762
42
38
' 3, 879
r 2 544
1 335
1 166
r
3,672
2 502
1,169
30 35
PETROLEUM AND PRODUCTS
All oils, supply, demand, and stocks:^
New supply, totalt
thous. of bbl
Production:
Crude petroleum t
do
Natural-gas liquids, benzol (blended), etc. + do
Imports:
Crude petroleum
do
Refined products!
do
Change in stocks, all oils (decrease, — )
doDemand, totalt - - . _ _ - _ _
Exports:
Crude petroleum
Refined products}:
_.
Domestic demand, total 9 1
Gasoline!
_.
Kerosene JA - Distillate fuel oil!
Residual fuel oil!
Jet fueltA
Lubricants!
Asphalt!
Liquefied gases!.. _
Stocks, end of month, total
Crude petroleum
Natural-gas liquids
Refined products
-
_
_
83
84
83
85
83
81
84
86
318,918
286, 201
296,418
295. 505
280,418
282, 365
282, 880
289, 343
291, 946
313, 088
312 721
296 669
222, 839
27, 328
217,685
26, 162
223, 806
26, 638
212,489
25, 950
210,311
26, 190
209, 733
26, 539
205, 700
26, 033
214, 248
27. 456
209, 449
27, 618
222, 969
29, 156
224, 140
29, 258
209 986
27 576
28.113
40, 638
7, 295
22, 270
20. 084
6, 766
29, 089
16.885
33. 433
36, 147
20, 919
17, 313
27,510
10, 407
2, 610
29, 943
16, 150
13, 291
29, 486
21,661
185
30 355
17,284
13, 259
do
311,623
279, 435
262, 985
278, 192
277. 808
269, 074
282, 695
276, 084
301, 332
341. 574
330, 826
do
do
--do
do
do
do
do
178
7,297
230
7,963
271,242
124,917
267
7,067
192
174
7,264
237
151
6,653
258
7,287
132
258
7,238
264
do
do
do
_ _ _ - _ _ _ _ - _ -do _
84
do
do
do
do
31,879
29 730
29, 421
28 610
29' 377
29, 084
25. 458
30, 713
-9. 380 -28,486 — 18, 105 — 10 591
307 260
299
5, 980
47, 682
45, 130
255, 651
127, 049
4, 013
37, 474
37, 776
7, 600
270, 400
133, 695
4, 552
36, 438
40. 442
270, 370
137,141
6. 003
34,161
36, 068
6, 698
262, 139
132, 875
4,370
31, 457
34, 705
275, 891
130,264
7,871
42, 694
37 874
268, 539
120, 858
8, 059
46, 075
38 370
5, 453
295, 747
116, 056
11,723
05, 895
50 155
334, 078
123, 578
15,545
80, 970
58 623
7 568
3 799
5,798
16,617
8, 589
3 577
6,971
14,787
7 476
3 831
9,367
13,632
7,914
3 900
12, 562
14, 839
8, 983
3 671
13,440
15, 165
9 233
3 567
13, 721
16, 563
10 994
3 737
12 724
1 5, 994
9 364
3 797
10 267
18, 541
8 707
3 255
0 225
21, 100
10 064
3 333
4 419
23, 703
759, 057
254, 940
19, 524
484, 593
765, 823
257, 564
22, 589
485, 670
799, 256
264, 525
27,210
507, 521
816, 569
272, 505
29, 976
514, 088
819, 179
264. 994
31, 296
522, 889
832, 470
253, 091
31, 820
547, 559
832
250,
32
548
914
487
942
485
830, 528
255, 953
29, 135
551 440
808 042
257, 1 29
24, 887
520 020
118, 105
2, 243
123,879
2,002
124, 580
1,814
1 27. 991
2 056
130, 366
1 398
123 344
1 781
121,865
1 688
122. 843
1 537
529 835 "130 339
1 793
916
120 307
197 841
12, 554
193, 106
12, 534
183 022
13, 056
172 755
12, 539
170 543
11 378
163 947
10 881
162 780
11 497
109 701
11 315
175 319
11 790
193 575
I9 407
2()5 379
11 760
. 120
. 120
.115
. 110
.120
.118
.110
.105
.103
. 100
.105
.211
.212
.213
.217
.218
.214
.207
.211
.207
.203
304, 148
118,995
10,693
67, 218
59, 281
Refined petroleum products:
Gasoline (incl. aviation):
Production!
_. _
_ . _
do
126,219
Exports!
do
1 262
Stocks, end of month:
204 648
Finished gasoline
do
13,964
Unfinished gasoline
do
Prices (excl. aviation):
Wholesale, refinery (Okla., group 3)__dol. per gal __
.120
Retail (regular grade, excl. taxes) , service stations,
.213
55 cities (1st of following mo.)
dol. per gal__
655
996
759
900
845
257,
31
556
5, 734
324, 828
r
86 200
61 581
5
301
108
13
73
55
505
456
871
915
050
804
8 973
3 284
3* 066
23, 072
8
3
3
21
584
352
218
532
780
257,
20
502
274
028
793
453
lll,311
14,753
r
790
252,
22
516
865
206
406
9
53
914
p. 113
.207
'.202
Revised.
p Preliminary.
9 Includes data not shown separately.
§ Includes nonmarketable catalyst coke.
! Revisions for 1958 will be shown later as follows: Oil wells completed (August arid September); domestic demand—jet fuel (February-September); lubricants (January-August); for
all other indicated items (January-September).
cf Data for Alaska and Hawaii are included as part of domestic supply and demand beginning with January 1959 and January 1960, respectively; appropriate amounts for these States
are reflected in data for all series affected. Data beginning 1960 for jet fuel and kerosene are not comparable with earlier data because jet fuel for use in commercial aircraft is now classified
with kerosene; formerly, this product was reported primarily as "jet."
A See last sentence of note "dV
r
.202
SURVEY OF CURRENT BUSINESS
S-36
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
May 1060
1959
March
April
May
June
July
1960
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued cf
Aviation gasoline:
Production
thous. of bbl
Exports!
do
Stocks, end of month
do
Kerosene:§
Production
_
...
do
Stocks end of month
do
Price, wholesale, bulk lots (N.Y. Harbor)
dol. per gal..
Distillate fuel oil:
Production
thous. of bbl
Imports J
.
do
Exports}
__
do. _.
Stocks, end of month
do
Price, wholesale (N.Y. Harbor, No. 2 fuel)
dol. per gal
Residual fuel oil:
Production
thous. of bbl
Imports}
do
Exports}
do
Stocks, end of month
. do. ._
Price, wholesale (Okla., No. 6 fuel) — -dol. per bbl_.
Jet fuel;§
Production
thous. of bbl
Stocks, end of month
._ do. _
Lubricants:
Production .
.
__
do
ExportsJ
do
Stocks, end of month
_. _
.do
Price, wholesale, bright stock (midcontinent, f.o.b.
Tulsa)
_
_ _ . _ dol. per gal.
Asphalt:
Production
thous of bbl
Stocks end of month
do
Liquefied petroleum gases:
Production
do
Transfers from gasoline plantst
-do_ .
Stocks (at plants, terminals, underground, and at
refineries), end of month
thous. of bbl
9,845
746
14, 884
10, 099
1, 518
14, 408
10, 567
1.408
14, 325
10, 828
1,180
14, 623
10, 930
1, 356
12, 887
10, 947
736
12, 793
10 186
1,226
12, 062
10 022
955
11,715
9 509
954
12, 203
10 467
1 036
11, 923
10 401
555
13, 401
9 761
582
14,025
9,484
18, 688
8,269
21,003
7,574
24, 597
7,314
27, 364
6, 967
28. 328
7, 264
31, 221
8,305
31 562
8,886
32 396
9,992
30 701
11,943
26 817
13, 547
26 510
10, 408
23 020
.117
.112
.107
.101
.101
.098
.098
.098
.098
.103
.113
.113
61, 610
3,467
52, 181
1,877
951
86, 222
54, 295
811
1.122
102, 863
53, 745
1,841
1,182
120, 962
53, 279
1, 055
886
140,388
55, 921
818
1,673
164, 134
52 355
1,181
979
174, 148
53 816
675
883
181, 840
55 044
822
849
171,114
60 110
1,789
1,195
151 030
59 874
1,610
789
125, 924
51 877
1 095
981
105 015
1,427
80, 662
.112
.107
.102
.096
.096
.093
.093
.093
.093
098
.103
103
p 095
32, 569
31, 409
2,703
57, 210
1.90
28, 104
14, 984
2, 572
53, 327
1.80
27, 874
13, 861
1, 950
55, 821
1.80
27, 448
14, 671
2,499
55, 479
1.60
25,514
11.272
2, 145
54, 509
1.60
27, 393
11, 764
1,554
57, 855
1.60
25, 581
15,312
1,887
59, 429
1.40
26, 949
13, 487
2,403
59, 506
1.40
29, 147
21, 050
1,339
58, 587
1.50
31,206
22, 938
1,409
53, 261
1.60
32, 452
26, 366
1,728
49, 306
1.60
28, 938
24, 649
1,685
45, 775
1.60
f 1.50
7,958
7,879
7,154
7,842
7, 060
7,960
7,331
7,995
7,974
7.995
9,044
8.433
8,199
7,937
8,788
8,044
8,186
8,435
8 909
8,741
7,250
6,846
7 314
7,041
4, 652
1,174
9,407
4,751
1,411
9,170
4,754
1,181
8,912
4,615
1,231
8,396
4, 958
1,281
8,402
4,593
1, 154
8,274
4,867
1,026
8,378
4,934
1,278
8,237
4,718
908
8,792
4, 968
1 477
8,950
4, 895
1, 196
9,365
4,614
1 040
9,588
.230
.230
.230
.230
.230
.240
.240
.240
.240
.250
.250
.250
6, 769
14, 270
7,674
15, 235
9,281
15, 351
10, 582
14, 228
11,515
12,853
11,406
11, 409
10, 655
9,986
9,424
9,579
6, 626
10, 224
4 8^2
10 948
4 546
12 838
4 363
14 120
6, 134
10, 813
5,861
9,314
5,771
8,251
5, 636
9,504
5, 657
9, 875
5,576
11, 236
5,375
10,882
5,538
13, 229
5, 573
15. 470
6 019
17, 681
13, 318
17, 051
21, 737
24, 544
26, 819
27, 961
29, 095
28, 286
25, 190
20, 785
' 5, 885
2, 087
' 3, 798
'r 6, 492
2, 403
r
4, 089
Asphalt and tar products, shipments:
Asphalt roofing, total
__thous. of squares. _ « r' 6, 915 r 3, 969
« 2, 494
r 1, 364
Roll roofing and cap sheet
do
2,606
Shingles, all types
.
_ _ _ d o « r 4, 420
"'108
do
107
do
1,484
thous. of sq. f t _ _
short tons.. <"120,868
Asphalt siding
Insulated siding
Asphalt board products
Saturated felts
p. 105
r
'52
143
2,206
80, 086
p
250
6,260
6 277
' 16, 573 15, 271
17, 720
15 750
' 7, 216 ' 3, 752 ' 2, 866
' 2, 743 ' 1,429 ' 1,009
' 4, 474
' 2, 323 ' 1, 857
2, 632
995
1,637
3,322
1 224
2,098
3,746
1 417
2,329
r
68
'61
'86
' 107
'86
' 122
'76
'51
159
156
176
168
165
93
59
145
1,870
2,087
1,721
2,211
2,280
946
2,049
'813
' 83, 765 ' 93, 404 ' 102,001 ' 87, 460 '95,414 ' 110,056 ' 66, 612 ' 61, 577
52
46
776
55, 940
63
56
1,046
71, 809
56
72
764
74, 876
r
r
4, 729
5, 539
' 6, 135
' 1, 550 r 1,799
' 2, 056
' 3, 179
' 3, 739 * 4, 079
r
PULP, PAPER, AND PRINTING
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
_
Consumption
Stocks, end of month.
Waste paper:
Consumption
Stocks, end of month
thous. of cords (128 cu. ft)
do
_
.__
... do
3,040
3,255
5,740
2,805
3,314
5,205
2,950
3,285
4,835
3, 117
3, 286
4,670
3.215
3, 075
4.822
3,536
3,424
4,920
3,337
3,210
5,062
3,448
3,531
4,961
3,209
3 268
4, 905
3,388
3,034
5,158
3,577
3 395
5,348
'3 404
'3 267
'5 482
3 432
3 498
5 424
thous of short tons
do
794.4
455.8
786.8
471.5
783.6
489.0
793.6
491.7
695. 9
542. 9
796.2
513.9
784.5
524.5
815 5
549.6
745 8
552. 3
705 5
588.2
738 9
574.4
755 6
555 5
778 4
552 3
2, 039. 6
94.4
1, 153. 7
213.0
2, 060. 1
90.0
1,181.4
210.9
2, 090. 0 2, 055. 0
86.6
94.2
1, 207. 2 1,171.7
207.6
199.5
1,912.5
76.0
1,091.5
182.1
2, 129. 6
95.0
1, 216. 0
209.3
1, 999. 8
98.0
1, 123. 4
195.2
2, 187. 7
96.7
1, 259. 3
221.3
1, 989. 8
92.6
1,132.5
201.5
1,891.8
84.2
1,044. 5
203.1
264.0
109.0
205.4
267.2
105.9
204.7
271.5
106.7
210.2
265.5
111.8
212.2
251.3
107.7
203.8
270.2
116.2
222.8
255.3
112.6
215.2
277 0
116.6
216.7
260.1
96.9
206.1
263 0
92.3
204.7
277 3
97.7
209.1
260 0
97. 1
209.1
278 6
105 5
222.3
924.1
298.2
546.6
79.3
916.4
292.4
545.3
78.7
950.9
317.9
555.6
77. 5
932.9
306.4
546.3
80.2
914.2
288.4
547. 2
78.6
900.1
284.1
542. 6
73.4
855.7
251.6
531.5
72.6
857.3
256.3
522. 7
78 3
874.8
270.0
526. 3
78.4
845.1
231.9
534.4
78.7
861.9
267.6
523.3
71.0
' 863. 5
' 284 4
' 505. 0
74 1
849.1
268 9
504.0
76 2
do
._ do...
do
47.9
27.0
20.9
52.7
20.5
32.3
37.2
21.8
15.4
55.7
24.0
31.7
57.2
24.2
32.9
57.1
23.3
33.8
76.0
36.4
39.6
46 6
15.0
31 5
45.3
16.8
28.5
80.7
33.4
47.3
68.5
29.3
39 3
69.7
20.6
49 1
112 5
44.9
67 6
do
do
do
180.3
12.4
167.9
211.3
15.9
195.4
192.6
13.0
179.6
214.3
14.0
200.3
214.3
12.0
202.3
189. 9
15.4
174.6
191.8
15.9
175 9
198 1
16.4
181 7
232.8
16.6
216 2
203.8
18.3
185.5
173 2
11.2
162 0
302 4
14 5
287 9
WOOD PULP
Production :
Total, all grades
thous. of short tons
Dissolving and special alpha
do. .
Sulfate
do...
Sulfite ..
do
Groundwood
do
Defibrated or exploded
_._
_ do. .
Soda, semichem., screenings, damaged, etc..do
Stocks, end of month:
Total, all mills
. ._
. do. .
Pulp mills
do
Paper and board mills
do
Nonpaper mills
,
do
Exports, all grades, total}
Dissolving and special alpha
All other
Imports, all grades, total}
Dissolving and special alpha
All other
_.
2, 109. 7 ' 2 034 4 2 175 9
91.9
'85.6
95.3
1, 199. 5 '1,172.0 1. 255. 9
234.2
210.6
218 2
PAPER AND PAPER PRODUCTS
All paper and board mills, production:
2,804
2,958
2,925
2,921
2,676
2,955
Paper and board, total
thous. of short tons
2, 630
2,901 ' 2, 835 3,007
2,845
3,088
'2,860
1,294
1, 258
1,227
1,209
1,277
1,166
1, 268
Paper..
_
do
1,239
1,320
1,218
1,358
' 1, 277
1,367
1,352
1,344
1,353
1,373
1,177
1,315
Paperboard
do
' 1,336
1,405
1.203
1 317 ' 1 293 1 364
1 315
11
12
13
13
13
11
12
15
14
12
Wet-machine board
_
__ _ _ do. .
10
13
13
291
299
250
297
295
'274
233
299
312
300
Construction paper and board
do
262
253
'253
' Revised.
* Preliminary.
cf See similar note, p. S-35.
^Revisions for 1958 will be shown later as follows: Aviation gasoline exports, distillate fuel oil imports, residual fuel oil imports, transfers from gasoline plants (January-September); distillate fuel oil exports (January-May and September); residual fuel oil exports (May and June); lubricants exports (January-August); wood pulp—exports (June and August), imports (February and November).
§ See last sentence of note "c?" for p. S-35.
a
Revisions for January and February 1959 (units as above): Total asphalt roofing, 2,683; 3,347; roll roofing, etc., 1,018; 1,207; shingles, 1,665; 2,140; asphalt siding, 53; 65; saturated felts,
58,881; 66,625.
SURVEY OF CURRENT BUSINESS
May ItKlO
S-37
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
March
BUSINESS STATISTICS
April
May
June
July
1960
DecemAugust SeptemOctober NTovember
ber
ber
January
February
1
March
April
PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS— Continued
Paper, except building paper, newsprint, and paperboard (American Paper and Pulp Association) :
Orders new 9
thous of short tons
Orders unfilled end of month 9
do
Production
do
Shipments 9
do
Stocks, end of month 9
do
Pine 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
Stocks end of month
do
Price, wholesale, book paper, "A" grade, English
finish white f o b mill
dol per 100 Ib
Coarse paper:
Orders new
thous of short tons
Orders unfilled, end of month
do
Production
do
Shipments
do
Stocks end of month
do
Newsprint:
Canada (incl. Newfoundland):
Production
do
Shipments from mills
do
Stocks at mills, end of month
do
United States:
Production
_
do
Shipments from mills
._ _ do
Stocks at mills, end of month
do
Consumption by publishers cf
do
Stocks at and in transit to publishers, end of
month cT
thous. of short tons
Imports
do
Price, rolls, contract, delivered to principal ports
dol. per short ton
862. 6 T 845. 1 7 9.50. 5
664.4 * 622. 1 ' 709. 6
1, 068. 2 '1,044.6 '1,132.9
905. 6 ' 860. 9 ' 938. 1
581.4 -590.0 ' 595. 1
975.0
704. 6
1,082.1
897. 3
540.0
1, 009. 2
761.3
1, 142. 7
950. 3
552. 7
934.5
722.4
1,111.6
934.4
553. 6
939.3
741.3
1,099. 9
932.5
551.2
899.0
785.2
1, 022. 5
853. 4
541. 2
897.4
707.3
1, 102. 8
915.4
560.4
896.7
709.3
1, 067. 0
898.3
566.3
1,008.0
725.2
1,191.8
990.8
580.9
158.3
101.6
148.0
148.5
129.1
162.2
109.7
152.0
150.3
128.2
140.5
102.0
149.2
148.9
127.3
146.9
103.4
151.1
151.2
130.2
134.4
104.8
129.3
129.3
120.3
131. 5
88 4
145.0
139.8
120.9
128.8
79.8
140.4
138.6
124.4
142.9
74.4
151.1
144.1
131.4
130.5
71.9
140. 5
132.7
143. 9
r 133. 9
T
r
73. 2
68.5
' 138. 4 ' 151. 6
* 132. 1 r' 145. 4
145. 3
»• 148. 2
r 147. 8
150.0
75 0
148.0
146.0
148.0
418.1
391.2
370.6
362. 5
246.9
437.8
430.5
383.8
382 6
248. 0
386.9
407.8
378.6
376 4
250. 3
393.8
435. 3
379.2
381.4
248.0
395. 0
476.4
361.1
358 9
250.1
374.7
411.8
386.3
383 2
253.2
378.8
408.0
376.7
374.0
255.8
419.7
418.5
413.3
411.6
257.5
367.1
385. 3
380. 8
380.8
257.5
* 378. 5
' 361. 3
' 381. 2
T
382. 8
256. 0
' 397. 0
' 428. 9
' 401. 1
«• 394. 8
* 262. 3
407.0
409.0
392.0
390.0
264.0
903.0
655.0
886.0
875.0
535.0
15.95
16.28
16.28
16. 28
16.45
16. 45
16. 45
16. 45
16.45
16. 45
16.62
16.62
332. 2
159.5
327.9
324.9
97.7
343.5
164.8
352.2
353.8
105.7
346. 6
161.4
346.5
343.2
104.6
334. 2
153.3
339.4
335.9
105.9
318. 3
160.9
315.4
313.1
108 9
329.5
157.4
334.6
328.6
111.1
333.1
173.2
322.6
326.4
109.5
374. 9
182.2
363.8
365. 5
113.3
306.1
162.4
314.3
330.4
106.1
' 274. 1
' 147. 4
' 294. 0
287.7
r
109. 4
' 338. 7
' 162. 6
' 320. 8
'r 330. 6
113.0
346.0
171.0
346.0
339.0
123.0
511.9
453.2
318.3
534.6
577. 5
275.4
551.3
589.1
237.5
534.2
535.6
236.1
535. 8
547. 0
224.9
541.5
531.1
235.2
532.8
560.6
207.5
593.2
602.6
198.2
563.3
594.5
166.9
538. 5
551.8
153.6
527.4
493.8
187.3
533. 6
494.8
226.0
575. 0
517. 9
283.2
161.8
159.2
24.3
161.3
168.6
16.9
172.4
166.8
22.5
167. 9
161.4
29.0
149.2
156. 5
21.7
173.8
167.7
27.8
149. 2
155. 6
21.3
177.3
179.5
19.2
169.0
169.9
18.3
167. 2
167.3
18.1
179.4
167.0
30.5
157.1
155.6
32.0
172.3
166. 0
38.4
457.7
466.5
484.2
428.9
400.1
423.0
449.0
492.4
487.5
459.1
431.6
416.4
469.9
578.5
567.9
562.4
579.8
625.8
642.8
660.4
646.2
644.7
658.8
651.8
670.1
646.1
v 16. 62
410.3
430.7
477.0
458.2
434.1
434.4
462.1
460.5
488.8
513.4
370.9
427.6
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
1, 384. 2
507. 4
1,351.2
94
1, 388. 8
497.8
1,388.0
93
1, 375. 2
478. 6
1, 386. 7
96
1, 282. 4
550.6
1, 209. 5
85
1, 395. 9 1, 367. 1
507.4
532. 0
1, 418. 7 1, 360. 1
93
96
1, 463. 5
483.2
1,479.7
97
1, 293. 5
438.8
1, 334. 9
94
1, 269. 1
424.8
1,284.0
80
1, 226. 3
462.2
1, 234. 1
92
9,208
9,121
9,121
8,908
9,486
10, 034
10,584
8,458
8,650
8,455
8,604
9, 544
124.6
123.4
130.2
123.0
127.6
136.5
133.6
123.1
130.2
114.8
120.0
pl33 7
1,299
1,022
277
1,280
968
312
2 1, 500
2 1,120
2380
1,048
822
226
2 1, 189
2946
2243
864
684
180
1, 357
1, 148
209
1, 586
1,2 372
214
1,185
955
230
3 560
3 471
389
1, 354
3
984
3
42, 039
78 503
48, 844
42,950
79 405
47, 443
.475
.404
Paperboard (National Paperboard Association) :
1,381.1
Orders new
thous of short tons
498.7
Orders, unfilled, end of month _
do
1, 346. 2
Production, total
do
93
Percent of activity
Paper products:
Shipping containers, corrugated and solid fiber,
8,982
shipments
mil. sq. ft. surface area__
Folding paper boxes, shipments, index of physical
134.7
volume
1947-49=100
v 134. 40
1, 324. 1 1 436 1 1 330. 1
441.1
467. 1
321.3
1, 339. 2 1, 434 4 1,341.2
95
93
92
8,946
PRINTING
Book publication, total-- ___
New books
_
New editions
number of editionsdo
do _ _ _
2 1, 574
2 1, 334
2240
2
2
2 3
2 3 238
805
3 179
46 022
75 320
40 949
47 205
81 599
2 3 ] H6
3
1.3 264
989
3
275
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
long tons
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
.340
.366
.346
.350
.370
.400
.410
111,377 108, 477
* ' 95, 209 r 79, 852
183, 866 182, 939
25, 847
21, 972
109, 951
T
74, 711
191, 763
27, 941
106, 716
r
91, 810
179, 569
28, 193
114,316
r
93, 845
176, 604
26, 261
119, 031
r
91, 141
183 516
23,729
119,847
T
96, 973
178 306
30,634
128, 532
r
98 736
190 607
17 984
Reclaimed rubber:
Production
Consumption
Stocks, end of month
*> r 29 387 r 21 728
& r 27, 858 ' 22, 411
27, 582
25, 131
r
r
r
26
r
r
r
do
do
do
51, 991
78, 871
" 48, 584
.315
41, 483
78, 157
44, 347
38, 777
82, 983
45, 450
19 452
20, 525
23, 554
47, 545
80, 059
47, 527
47, 786
84, 727
46, 048
188
25, 033
23, 448
46, 914
80 106
45, 334
49, 252
78, 208
47, 643
49,049
74, 172
48, 378
r
46, 354
76 156
34 795
.415
r
.405
'.403
124, 825 r125,779 r130 742 126 334
r
84 014
89 188 95 133 r 93 203
202 057 r210 996 r221 622 '221 183
24 432
32, 590
29 283
29 814
131
97
223
34
27 937 ' 25 343 r 28 197 r 28 330 '22 585 r 23 783
26 442
26 965
24, 660 r 23, 601 r 25, 891 r 26 312 T 21,447 r 23 218 r 26 540 r 25 944
25, 949
27 384
27 393 28 526 r 29 628 r 29 031 T 28 653
26, 165
.404
933
727
738
488
29 100
26 625
29 719
TIRES AND TUBES
Pneumatic casings:
Production
_
_
thousands
11, 350
8,025
7,796
10, 294
11 223
9 683
10, 103
10 884
8,347
9 645 4 10 325 4 10 772
Shipments, total
Original equipment
Replacement equipment
Export
do
do
do
do
10, 557
3,336
7,103
117
10, 999
3,594
7,297
109
9,726
3,291
6,356
79
10 237
3,392
6,756
90
10 532
3,588
6,832
112
7 957
1,249
6,595
114
9,298
2,345
6,819
135
10 269
2 966
7,166
136
6 458
1 440
4,898
120
7 942 4 11 322 4 10 179
3 197
4 333
3 996
4,565
6 833 r 6 047
180
156
136
Stocks, end of month
Exports (Bur. of Census)
do
do
23, 862
92
20, 872
103
18, 727
96
19 088
73
19 877
79
21 730
91
22 542
91
23 151
' 98
25 133
97
26 933 * 25 943 4 26 473
108
145
125
Inner tubes:
Production
Shipments
Stocks, end of month
Exports (Bur. of Census)
do
do
do
do
4,459
4 435
7 629
75
3 380
3 928
7 219
77
2 752
3 275
6 849
80
3 683
3 872
7 000
63
4 345
3 948
7 560
54
3 716
3 583
7 848
67
4 065
3 693
8 334
77
4 392
3 915
9 088
73
3 756
3 097
9 918
71
3 612
3 135
10 536
83
3 899
5 391
8 924
85
r 4 043
r 4 Oil
9 002
78
4
11 115
4 9 737
3 753
5,827
157
4
27 921
125
4 241
3 282
10 113
112
r
l
2
3
Revised.
p Preliminary.
Februaiy data exclude estimates for tissue and miscellaneous papers.
Data for months noted cover 5 weeks; other months, 4 weeks.
Beginning
January 1960, data are based on a new definition of a book and are not entirely comparable with those for earlier periods.
* Motorcycle tires are included beginning January 1960. 9 Data
exclude estimates for "tissue paper." cf As reported by publishers accounting for about 75.5 percent of total newsprint consumption in 1958. « Revisions for September and October 1958,
respectively (long tons): 41,355 and 45,314.
& Revisions for rubber production and consumption for January and February 1959, respectively (long tons): Synthetic consumption—89,741;
87,506; reclaimed
production—25,858; 25,357; reclaimed consumption—24,992; 24,462.
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
May 1060
1959
March
April
July
June
May
1960
DecemAugust SeptemOctober November
ber
ber
January
February
March | April
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Production, finished cement
Percent of capacity
Shipments finished cement
Stocks, end of month:
Finished
Clinker
_thous. of bbL
_ _
thous. of bbl
do
do
- -
' 24, 337 29, 093
88
r
23, 266
30,423
33, 428
96
33, 278
33. 455
100
36, 361
34, 180
99
37, 370
34, 800
100
37, 111
32, 590
97
35 351
31, 127
89
32 523
26 100
77
22 219
24,111
69
20 577
18, 669
53
12 909
16,080
49
14 6Q8
18 422
53
17 812
rr 36, 381
27, 371
36, 378
27, 544
36, 527
26, 037
33, 605
23, 109
30,415
19, 981
28 102
16, 078
25 308
13 516
23 913
11 681
97 794
13 169
31 328
16 506
37 284
21 939
'38 553
'27 382
39 163
33 450
597. 7
40.1
153.4
685. 2
49.8
185. 7
629. 1
48.0
182.0
737.4
49.6
194.9
723.9
50. 8
195. 9
686.7
48.6
199.1
689.6
45.6
194.3
654.2
44.5
185. 9
541.7
35.6
146. 2
461. 6
33.9
131.3
r
351. 3
'33.9
' 107.0
370.6
33.5
106. 0
30.8
36.2
37.6
38.4
40.3
36.7
35.5
38.2
31.5
30.7
' 26. 1
26.7
19.8
21.7
21. 5
22.2
22.3
22.0
22.4
23.9
20.6
20.5
18.7
18.4
138.2
138.5
139. 1
139.1
139.6
139.2
139.4
139,4
139.4
139.9
140.6
140.6
140. 6
CLAY CONSTRUCTION PRODUCTS
Shipments;
Brick, un glazed (common and face)
mil. of standard brick .
Structural tile, except facing
thous. of short tons
Sewer pipe and fittings vitrified
do
Facing tile (hollow), glazed and unglazed
mil brick equivalent
Floor and wall tile and accessories, glazed and unglazed
mil. of sq. ft
Price index, brick (common), f.o.b. plant or N.Y. dock
1947-49=100
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments (qtrly. total)
Sheet (window) glass shipments
Plate and other flat •'lass shipments
Glass containers:
Production
thous of dol
do
do
57, 269
28 438
28, 831
78, 205
35 289
42, 916
thous. of gross - « 12, 607 ' 13, 340 ' 13, 405
Shipments domestic total
do
General -use food:
Narrow -neck food
do
Wide-mouth food (incl. packers' tumblers, jelly
glasses and fruit jars)
thous of gross
Beverage
Beer bottles
L/iquor and wine
Medicinal and toilet
Chemical household and industrial
Dairy products
-
Stocks end of month
do
do-do
do
do
__do
do
r
13, 778
« 12, 018 ' 12,493 ' 13. 327 r 13.660
r
' 1, 244
1,211
T
° r 3, 449
961
872
' 1 226
r
r
« r 1.139
136
« 18, 275
r
2, 883
1, 185
144
18, 871
r
r
1,378
1,670
1,240
2,839
1, 109
140
18, 720
12,755
13, 131
13, 708
' 11,942
'9,316
' 10, 403
10, 989
11,216
12, 887
1,037
853
910
1,108
1,190
1,406
3, 144
3,382
3,329
3,620
625
609
887
2,681
'766
139
983
808
936
2, 550
••890
181
632
838
965
2,848
1, 075
141
580
838
1,114
' 2, 972
' 1, 070
123
957
1, 161
1,337
3,137
1,137
132
16, 731
'17,312
19, 123
20, 423
20, 963
11,567
11.866
13, 025
Ml, 872
13, 508
2, 850
1,659
3, 802
' 6, 027
' 3, 947
r
1, 272
' 1, 380
1.291
2,673
' 1, 128
159
1,054
1,662
2,244
4, 184
1, 545
277
598
1, 015
1,289
2, 502
' 1,113
203
626
838
1,402
3,170
' 1,120
172
' 18, 509 ' 18, 852 r 13, 748
••12,785
1, 316
' 3, 646 '3,915
1,119
1,328
' 1, 249
r
3, 001
13, 171
r
* 19, 843 ' 12,326
' 13, 811 ' 15, 019
r
1,466
1, 305
3. 364
68, 706
34 911
33, 795
68 370
35 864
32, 506
1,558
1,432
1,297
2,837
1,158
147
r
r
r
r
' 12, 246 ' 11,310
r
3, 577
14, 113
r
2, 756
r
GYPSUM AND PRODUCTS
Crude gypsum, quarterly total:
Imports
2 327
1,780
2,834
1,890
3 042
1,624
2, 634
2 033
2, 459
2 611
2, 166
774
70
1,061
75
1,026
83
1,035
82
310
257
375
333
400
379
317
310
496 6
1 342 1
51.9
637 7
1,603 8
77.3
682 7
1 691 0
75 4
529 2
1,442.5
58.7
841
thous of short tons
Calcined production quarterly total
do
Gypsum products sold or used, quarterly total:
Uncalcined uses
thous of short tons
Industrial uses
do
Building uses:
Plasters:
All other (incl Keene's cement)
do
Lath
Wallboard
All other §
mil of sq ft
do
do
TEXTILE PRODUCTS
APPAREL
Hosiery shipments
Men's apparel, cuttings:5A
Tailored garments:
Suits
Overcoats and topcoats
thous of dozen pairs
thous. of units-do
Coats (separate) dress and sport
Trousers (separate) dress and sport
Shirts (woven fabrics) , dress and sport
Work clothing:
Dungarees and waistband overalls
Shirts
do
do
thous of doz
do
do
Women's, misses', juniors' outerwear, cuttings:A
Coats
thous. of units
Dresses
do
Suits
do
' 13, 009
12 228
10, 926
13,417
12, 418
14, 242
i 1,940
1345
1, 768
488
1,700
524
i 1, 895
i 645
1,020
452
1,800
608
1
870
8, 000
912
7,992
980
8,324
1
1
1, 090
7, 510
640
6,656
948
8,000
i 1, 860
1,812
1,768
1
1, 795
1.520
1,804
325
i 350
356
376
304
340
i 310
i 345
264
304
312
344
i 355
1300
2,099
' 26, 387
' 1,011
1,117
28, 481
1,143
25, 470
1,966
21,159
779
2, 346
18, 040
2,223
19, 253
2,223
18,760
571
1
1
553
483
982
818
14, 448
1
1
1
12, 066
14, 014
12, 840
2,J 035
630
1,772
492
1,804
336
1
1 , 955
1
300
1,828
224
1,836
256
i 2. 085
i 435
1
985
9, 025
904
8,876
904
7,780
i 1,125
i 7, 850
888
8,024
904
8,592
1
895
i 9. 035
2, 045
2,004
1,980
i 2. 010
348
324
276
292
2, 365
19, 720
2,403
19, 467
589
662
1,980
1,964
i 2, 365
295
1355
268
328
296
348
1280
'365
1,507
18. 405
1,892
19, 185
1,280
2,308
22, 033
1,301
2,078
26. 974
1,013
1
786
1,141
1,507
1, 456
1,244
998
1,227
1,253
1 318
1,236
' 1,409
1 396
1, 260
1 340
"Waists blouses and shirts
thous of doz
674
828
536
850
912
804
704
880
873
761
730
914
890
Skirts.'.
.
do
T
l
Revised.
Data cover a 5-week period.
§ Comprises sheathing, formboard, and laminated board.
1 Data for March, June, September, and December 1959 and March 1960 cover 5-week periods and for other months, 4 weeks.
A Revisions for January 1957-July 1958 are available upon request.
-Revisions for glass containers (thous. gross): (January-December 1958)-Production, 11,705; 10,846; 12,152; 11,104; 12,172; 12,724; 12,711; 13,444; 12,596; 13,230; 11,468; 10,742; total shipments,
10,605; 10,493; 10,955; 10,862; 12,222; 12,145; 12,008; 13,676; 13,327; 12,696; 10,500; 10,617; wide-mouth food, etc., 3,286; 2,787; 3,196; 3,224; 3,525; 3,628; 3,945; 4,533; 4,284; 3,880; 3,237; 3,244; (January-February
1959)—production, 11,597; 11,500; total shipments, 11,126; 10,426; narrow-neck food, 1,128; 1,070; wide-mouth food, etc., 3,370; 3,162; liquor and wine, 1,140; 1,099; medicinal and toilet (February),
2,725; chemical, etc., 1,117; 1,035; stocks, 17,013; 17,937.
SURVEY OF CURRENT BUSINESS
Mar I960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-39
1959
March
May
April
June
July
1960
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
TEXTILE PRODUCTS—Continued
COTTON
Cotton (exclusive of linters):
Production:
Ginnings§
thous of running
Crop estimate, equivalent 500-lb. bales
thous. of
Consumption^
_
Stocks in the United States, end of month,
total!
Domestic cotton, total
On farms and in transit
Public storage and compresses _
Consuming establishments
Foreign cotton total
bales
3 11, 435
bales _ 3 11, 512
5864
do
151
1,046
650
712
4 448
9,718
13 403
732
725
do-.. 'T 12, 499 '11,533
12, 437 «• 11,498
do
••506
'435
do
9. 511
10, 338
do
1,552
1, 593
do 62
55
do
703
10, 571
376
8,741
1,454
49
' 9, 576
' 9, 529
293
7, 962
1,274
47
r 10, 620
r
5823
5
863
r4 14 5Q8
14 356
5
800
735
731
8,882 ' 22, 530 '21,468 r 20, 346 ' 18, 975 '17,453 ' 15, 614 '13,997
8,843 ' 22, 425 r' 21, 370 r 20, 260 ' 18 896 r 17, 385 r r15, 551 r 13 937
10,964
220 ' 14,055
'6 902 '3 476 ' 2 190
1 493
'881
7, 568
9, 706
12, 423
7, 553
14, 195
13,656
1 1 , 1 40
12 301
802
935
1,916
1,070
1,539
700
1, 225
1, 757
105
86
39
79
60
98
68
63
284
3
'8 30. 6
245
3
'31.7
248
4
'32.2
236
2
'32.9
129
1
'34.3
98
98
33.3
230
24
33.1
392
2
32.5
34.4
34.6
34.6
34.5
33.6
32.0
31.8
thous of bales
_
do
._ _
do ___
U21
128
846
103
96
797
102
52
729
•114
38
627
93
29
544
109
46
465
19, 257
17, 637
19, 555
17, 945
19, 238
17, 591
19, 266
17,598
19, 166
17,501
732
Spindle hours operated, all fibers, total., millions. * 5 11,
r
469
Average per working day
do
5 10, 743
Consuming 100 percent cotton _ _.
do
Cotton yarn, natural stock, on cones or tubes:
Prices, wholesale, f.o.b. mill:
.676
20/2 carded weaving
dol per Ib
.946
36/2 combed knitting
do
9,567
478
8,776
9, 592
480
8,781
8 11,382
455
8 10, 392
.672
.946
.672
.946
. 672
.934
2, 382
41, 691
13,230
37, 986
12, 338
39,908
16, 370
26. 91
36 4
16.5
17.3
27.18
36.4
16.4
17.3
27.67
36 4
16.1
17.3
Cotton linters:
Consumption!
Production
„
Stocks, end of month
2
r4
718
_
do
_- _ _do__ _
cents per lb__
14 markets
cents per lb__
Exports J
_
Imports
_
Prices (farm), American upland
Prices, wholesale, middling 1", average
i 14 076
652
14, 551
5 gsg
12,319
12, 266
583
9,731
1, 952
53
30.8
728
2
30.0
1 109
2
29.3
839
6
'28.1
28.2
29. 0
31.7
31.6
31.8
31.9
32.0
32.0
32.1
s 140
154
442
115
240
497
108
225
558
5 131
206
585
115
199
609
108
185
633
19, 258
17,613
19, 292
17, 652
19, 273
17, 648
19,308
17, 696
19,326
17, 709
19, 365
17, 678
19, 358
17, 665
19, 299
17, 602
8,817
441
8,020
9,715
486
8,817
5 11,930
477
5 10, 946
9,970
499
9,118
9,880
494
9, 051
s 11, 039
442
5 10,157
9, 995
500
9 144
9, 985
499
9,131
5 12, 143
486
5
11, 126
.676
.936
.676
.936
.681
.938
.685
.948
.685
.948
692
948
.692
'.946
P 692
P. 946
2,390
42, 902
16, 595
33, 052
18, 261
38, 203
17, 244
2 364
37, 081
20, 349
44, 789
27, 671
37, 396
33, 791
2 424
44, 728
41, 325
47, 521
38 472
38, 699
41, 454
42,090
28.20
36 4
16.5
17.3
28. 75
36 4
16.5
17.3
30. 36
36 4
16.5
17.3
31.41
36 4
16.5
17.3
32.61
36.4
17.0
17.3
33.04
36 4
18.0
17.5
33.20
37 4
18 3
17.5
33.67
37 4
18 9
17 5
34.18
37 4
18 9
17.5
34.12
p"38 4
p 18 9
p 17 5
464. 0
181 3
79 7
159 8
7 58 5
7 25 6
7 57.9
? 25 8
7
4 864
3, 141
337
5,832
5 184
2,989
(6)
767
5
124
175
653
COTTON MANUFACTURES
Spindle activity (cotton system spindles):!
\ctive spindles last working dav, total
Consuming 100 percent cotton __
thous
do _
Cotton cloth:
Cotton broadwoven goods over 12 inches in width,
production Quarterly!
mil of linear yd
Exports!
thous. of sq. vd
Imports;};
(Jo
Prices, wholesale:
Mill margins
cents per lb__
Denim white back 28-inch 8 oz/yd cents per yd
Print cloth 39-inch 68 x 72
do
Sheeting class B 40-inch 48 x 44-48
do
r
. 685
. 946
33.43
MANMADE FIBERS AND MANUFACTURES
Fiber production quarterly total 9 1
mil
Filament yarn (rayon and acetate)
Staple incl tow (rayon)
Noncellulosic (nylon acrylic protein 6tc )
oflb
do
do
do
457.9
175.0
96 1
153.9
487.5
190 4
93 8
166.0
481.3
191.0
89 5
166 8
62 0
7 28 6
4, 260
2,038
124
10, 538
3,255
2, 263
443
13, 460
4,200
2, 513
459
9,023
2, 666
2, 655
736
12,173
3,809
2,863
409
9,591
4, 853
2. 539
520
8,672
4 463
3,902
550
12,211
4,890
2, 059
334
7,412
5, 538
2, 869
208
8,627
6 661
5.383
571
9,700
4 505
3 846
244
7,717
_ mil. oflb
do
45.3
49.3
43.8
49.5
43.9
45.4
43.9
42.9
46.2
45.1
44.5
51.8
47.7
54.7
48.4
55.9
50.1
56.1
56.3
55.0
56.9
52. 1
' 58. 2
51.4
61 7
53 4
__dol. per Ib
do
.78
.31
.78
.32
.79
.32
.79
.33
.82
.33
.82
.33
.82
.33
.82
.33
.82
.33
.82
.33
.82
33
.82
.33
p. 82
p 33
Manmade-fiber broad woven fabrics:
Production, quarterly total 9 1 thous of linear yd
Rayon and acetate (excl tire fabric)
do
Nvlon and chiefly nylon mixtures
do
618, 820
414 501
79 329
Exports* Yarns and monofilaments
Staple tow and tops
Imports: Yarns and monofilaments!
Staple, tow, and tops!
thous o f l b
do
_
do
_do_ _ _
Stocks, producers', end of month:
Filament yarn (rayon and acetate)
Staple incl tow (rayon)
Prices, rayon (viscose):
Yarn, filament, 150 denier
Staple, 1 5 denier
_
602, 204
385 947
83 155
618, 316
407, 961
84, 429
620, 046
387 364
82 300
13, 677
13, 924
14, 210
14, 135
11,665
13, 775
16, 023
15, 764
14, 263
14, 835
13, 719
13, 642
13, 283
502
4.03
5,846
248
4.11
954
4.11
627
4.13
6.449
317
4.09
736
4.12
1,097
4.09
7,242
663
4.14
937
4.32
814
4.51
7,704
624
4.56
438
4.43
p4. 27
Wool consumption, mill (clean basis):!!
Apparel class,
thous. oflb— « 25, 415
Carpet class .
do
« 16, 135
23, 069
13, 941
22, 699
12, 928
5 27, 020
« 14, 148
20, 892
9,776
21, 682
13,612
56 25, 547
15, 558
20, 688
12, 298
18, 515
11, 187
521,011
5 15, 773
20, 552
16,457
20,390
15, 043
Wool imports, clean content!
Apparel class (dutiable), clean content!
31,218
12. 347
29, 316
13. 125
26, 079
9,750
20, 569
7,191
18, 837
7, 367
25, 212
7, 646
23, 295
9,046
14, 730
6,573
20, 565
10. 466
21, 465
9,758
22, 392
9,835
Exports, piece goods
_
SILK
Imports, raw!
Price, raw, A A, 20-22 denier
Production, fabric, qtrly. total!
thous. of sq. yd__
thous o f l b
dol. per Ib
thous. of linear yd
WOOL
T
do
do
35, 173
14. 984
5
23,
6
164
16, 205
l
2
Revised.
» Preliminary.
Ginnings to December 13.
Ginnings to January 15.
3 Total ginnings of 1958 crop.
* Total ginnings of 1959 crop.
* Data cover a 5-week period,
* Less than 500 bales.
? Data are for month shown.
s Revision for February 1959, 28.8 cents.
§ Total ginnings to end of month indicated, except as noted.
!Data for March, June, September, and December 1959 and March 1960 cover 5-week periods and for other months, 4 weeks; cotton stocks and number of active spindles are for end of period
covered.
9 Includes data not shown separately.
^Scattered revisions for 1957-58 are available upon request.
SURVEY OF CURRENT BUSINESS
S-40
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
May 1060
1959
March
April
May
June
1960
DecemAugust SeptemOctober November
ber
ber
July
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. .
1947-49=100.
Woolen and worsted woven goods, except woven felts:
Production, quarterly total
thous. of lin. yd.
\pparel fabrics, total
_
_
do
Other than Government orders, total
do
Mien's and boys'
do
Women's and children's
do
Prices, wholesale, suiting, f.o.b. mill:
Flannel, men's and boy's
1947-49=100..
Gabardine women's and children's
do
1.075
.860
.975
1.165
.962
1.035
1.225
1 025
1.075
1.225
1 025
1.075
1 285
1 085
1. 115
1 325
1 115
1.125
1 305
1 098
1.135
1 275
1 072
1.125
1 275
1 112
1.125
1 275
1 125
1.162
1 275
1 125
1.175
1 230
1 080
1.175
1 225
1 075
1.175
90.5
94.8
99.8
102.2
102.2
106. 0
107.2
104.7
102 2
103 5
104 7
104 7
103 5
108.1
92 4
108.1
92 4
108. 1
92 4
72, 466
70, 377
69, 413
33 159
36, 254
103.7
90.8
83,586
81, 542
81, 224
35 929
45, 295
103.7
90.8
105.4
90.8
105.4
90.8
79 546
77 655
77. 458
32 551
44 P07
105.4
92 4
105. 4
92.4
ins. i
('? 4
70
68
68
29
39
108. 1
92 4
108.1
92 4
1 log
1 095
1.212
257
449
353
237
116
108.1
92 4
TRANSPORTATION EQUIPMENT
AIRCRAFT
Manufacturers of complete types:
Aircraft, engines, propellers, parts, etc.:
2, 092
Orders, new (net), quarterly total .. mil. of doL
2,558
Sales (net) quarterly total
do
1 2. 705
Backlog of orders, total, end of quarter
. do
6,575
For U.S. military customers
do. __
Civilian aircraft:
34,014
Shipments
thous. of dol
Airframe weight
_ _ . _ _ _ t h o u s . of Ib . 1,185.7
4,168
Exports (commercial and civilian) _
thous. of dol
3,007
2,824
12, 888
6, 360
2,015
2 845
12,058
5, 842
3 110
3 028
12 140
5. 476
103, 646
76 911 111 545
2, 434. 5 2, 048. 9 2. 605. 1
15, 234
32 651
15, 541
68,14?
81,212
1 , 849. 5 2,091.8
8, 576
2, 778
65, 098
88, 444
1 , 804. 7 2. 160. 0
5,162
20, 467
95 280
75 950
2, 286. 9 1, 772. 1
14, 414
13,897
686, 612
245
200
575, 012
563, 849
111.355
93, 060
702, 952
253
251
585, 789
575, 268
116,910
98, 906
660, 278
282
235
545, 001
535,195
114,995
95, 561
674, 689
267
242
554. 878
545, 660
119,544
100, 462
663, 444
233
209
548, 524
541, 458
114, 687
92, 186
316, 060
82
58
255. 831
252, 556
60, 147
47 959
309,117
134
134
229, 410
220, 621
79, 573
64 568
632, 420
268
268
537,159
523, 500
94, 993
81 652
31,452
10, 758
20, 694
58, 207
56, 474
26, 586
11,971
14,615
60, 567
57, 898
26,211
10, 746
15,465
69,019
66, 765
27, 078
8,497
] 8, 581
64, 832
62, 860
22, 154
7,467
14, 687
68, 647
66, 516
16,869
5,160
11, 709
50, 181
49, 120
16, 860
6, 359
10 501
55, 221
53, 331
21,859
10, 957
10 902
54, 045
52, 479
25 975
10, 500
15 475
54, 861
53, 641
18 005
8, 190
9 815
74 453
71,838
5,503
2, 916
558
6,218
3,271
417
6,141
3,227
280
6,617
3,863
289
5,826
3,439
243
5, 539
3,354
214
5 995
3,772
298
5, 335
3,247
206
5 743
3,814
148
6 092
4 045
200
496, 717
77, 593
573, 777
91, 805
582, 266
86, 566
584, 816
86, 914
564, 985
88, 949
532, 279
88, 137
457 285
78, 784
533 682
78, 807
426 929
73 762
2,882
1,851
1,840
1,031
10, 782
7, 367
7, 367
3,415
35, 927
14,129
13,689
21, 798
3,741
2,334
2,334
1,407
3,785
3,248
3,198
537
35, 9(59
15,041
14,551
20, 928
3, 468
2,373
2,263
1,095
5, 298
3. 510
3, 415
1,788
37, 249
16,128
15,748
21,121
4,227
3,204
2,935
1,023
8, 369
7,253
7, 253
1, 116
41 , 084
20, 170
20, 059
20.914
4,334
3,197
3, 136
1,137
4,159
2,519
2,519
1, 640
40, 359
19, 442
19, 392
20, 917
5,003
3, 688
3, 668
1,315
1,653
1,653
1 653
0
37. 202
17, 546
17,516
19, 656
2, 615
1,516
1, 506
1,099
943
941
941
2
35, 646
16, 988
16, 968
18, 658
2,284
1,329
1.329
955
2,722
2 722
2 722
0
36 219
18, 403
18 383
17,816
2 218
1 226
1 226
992
2 424
1 274
1 274
1,150
36 575
18. 377
18 357
18, 198
4
4
153
153
6
6
2198
2
198
15
15
187
187
14
14
2 177
2 177
1,702
8.4
1,695
8 5
1,694
83
1,688
80
96 320 112 721
°>0 299
2. 262. 4 2, 647. 6 2, 187.5
21.928
48 078
11 926
MOTOR VEHICLES
Factory sales, total
._
Coaches total
Domestic
Passenger cars, total
Domestic
Trucks, total
Domestic
_
__
_.
number
do
do
do.
do
... do _
do
Exports, total}
Passenger cars (new and used)
Trucks and buses
Imports (cars, trucks, buses), totalcT} .._ .
Passenger cars (new and used) c?
Production, truck trailers:A
Complete trailers total
Vans
- - .
- Trailer chassis, produced for sale separately..
Registrations: O
New passenger cars
New commercial cars
_ __ ._
do
do_
do
do
do.
do
do
do_ _
do
do
r
321,r 980 r 548 320
T 286
179
r
T
169
187
267, 829 475, 382
259
633
462
831
r
53, 972 r 72, 652
r
38 003 r 62 313
700
791 239 '• : 696
' ; 3K)
340
303 l
659 730 i' 583 600
644 780
131 169 *'112 700
105 438
792, 351
371
338
676, 712
661, 103
115,268
96, 178
782 758
241
241
656 579
640 924
125 938
102 305
24 749
12,311
12 438
51.200
50, 354
29 652
13 422
16 230
68* 469
66 242
31 771
13 050
18 721
6, 145
3.903
226
6 534
4 023
238
7 020
3*990
401
429 500 3 430 116
61 985 3 58, 234
494 173
69* 588
596 669
89 627
r
RAILROAD EQUIPMENT
American Railway Car Institute:
Freight cars:
Shipments, total
.__
number
Equipment manufacturers, total
do
Domestic
do
Railroad and private-line shops, domestic .do...
New orders, total J
do_
Equipment manufacturers, total . _ _ do
Domestic
do
Railroad and private-line shops, domestic .do
Unfilled orders, end of month, total. _
do
Equipment manufacturers, total
do
Domestic
_
do
Railroad and private-line shops, domestic. do.__
Passenger cars (equipment manufacturers) :
Shipments, total
do
Domestic
- - - - do
Unfilled orders, end of month, total
do
Domestic
do
2
2
0
0
132
132
Association of American Railroads:
Freight cars (class !):§
Number owned or leased, end of month
thous
Held for repairs, percent of total owned
Locomotives (class I) :
Diesel-electric and electric:
Owned or leased, end of mo_No. of power units.
Serviceable, end of month
do
Installed in service (new), quarterly total do.
Unfilled orders end of month
do
28, 395
26, 822
204
589
Exports of locomotives, total (railroad-service and industrial types)
number
42
1,717
8.8
0
0
2
132
2
132
1,707
8.3
2
2
3
3
132
132
1,703
8. 1
2
2
0
0
157
157
1.702
7.9
2
2
0
0
157
157
1, 701
8.1
2
2
i:8, 61 5
27,211
28, 706
27,019
206
299
:98
413
26
19
13
2
2
29
8
15
3 127
1 681
1 586
1,446
10 759
5 769
5 570
4,990
44 089
22, 547
22 328
21, 542
2
2
2,869
1.633
1 , 61 3
1 , 236
r
6,
948
r
3 933
T 3 933
3,015
48 369
24, 848
24 649
23, 521
r
28
28
149
149
282
282
1.678
7 2
1,676
7 3
9
r 9
7 901
5 950
5 138
4 408
5 138
4' 408
2 763
1 542
T 3 211
1 963
r \ 398
1 843
T i 398
1 839
1,813
'l20
42 334
46 522
22.915
20, 149
22 716
19 946
22 185
23 607
18
18
282
T 282
12
12
315
315
1 675
7 5
1 676
7 6
r
28.815
27. 439
134
314
42
57
52
28, 765
27, 221
95
311
67
43
48
r
2
Revised.
*> Preliminary.
* Preliminary estimate of production.
In addition to unfilled orders reported by equipment manufacturers, railroad company shops reported unfilled orders for 10 cars (March-November 1959); shipments of these cars we:
3
made in December 1959.
Figures for one State are incomplete.
cf Data cover complete units, chassis,
cfData
cnassis, ana
and bodies.
AKevisions
ARevisions tor
for 1957
195/ are available upon request.
ONew registrations in Alaska and in Hawaii are included effective with data for January 1959 and January 1960, respectively.
tScattered revisions for motor vehicle exports and imports (1958) and for freight car new orders (1955-58) are available upon request.
§Excludes railroad-owned private refrigerator cars.
U.S. G O V E R N M E N T P R I N T I N G O F F I C E : I 9 6 0
INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40
SECTIONS
General:
Business indicators
Commodity prices
.
Construction and real estate
Domestic trade
1-5
6, 7
7,8
9-11
Employment and population
Finance
International transactions of the U.S
Transportation and communications
11-15
16-20
21,22
23, 24
Indus try:
Chemicals and allied products
Electric power and gas
Food and kindred products; tobacco
Leather and products
24,25
25, 26
26-30
30,31
Lumber and manufactures
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and printing_ _ .
31
32-34
35,36
36,37
Rubber and rubber products
Stone, clay, and glass products
Textile products
Transportation equipment
~-
37
38
38-40
40
INDIVIDUAL SERIES
Advertising
9
Agricultural loans and foreign trade
16,21,22
Aircraft and parts
3,12,13,14,40
Airline operations
23
Alcohol, denatured and ethyl
24
Alcoholic beverages
7, 9, 26
Aluminum
33
Apparel
2,3,6,7,9,10,12,13,14,15,38
Asphalt and tar products..
35,36
Automobiles
3,9,12,13,14,15,17,22,40
Bakery products
12,13,14
Balance of payments
21
Banking
14,16
Barley
27
Barrels and drums
32
Battery shipments
_
34
Beef and veal
28
Beverages
3,4,7,9,12,13,14,15,26
Blast furnaces, steel works, etc
12,13,14
Blowers and fans
34
Bonds, outstanding, issued, prices, sales,
yields
17,19,20
Book publication
37
Brass and bronze
__
33
Brick
38
Brokers' loans and balances
16,19
Building and construction materials
8, 9,10,36
Building costs
__
8
Business incorporations (new), failures
_
5
Business sales and inventories
4
Butter
27
Cans (metal), closures, crowns
32
Carloadings
___
-.
23
Cattle and calves
__
28
Cement and concrete products
7,8,38
Cereal and bakery products
6,12,13,14
Chain-store sales, firms with 4 or more and
11 or more stores.__.._
__
10
Cheese
27
Chemicals
3,4,5,6,12,13,14,15,19,22,24
Cigarettes and cigars
7,30
Civilian employees, Federal
12
Clay products-7,38
Coal
3,4,6,11,13,14,15,22,23,35
Cocoa
22,28
Coffer
- 22,29
Coke
.
23,35
Communications.
12,13,14,15,19,20,24
Confectionery, sales
29
Construction:
Contract awards
8
Costs
8
Dwelling units
7,8
Employment, hours, earnings, wage rates
12,
13,14,15
Highways and roads
_ _ 7, 8,15
New construction, dollar value
1,7
Consumer credit
17
Consumer goods output, index
2,3
Consumer expenditures
1,9
Consumer price index
6
Copper
22,33
Com
27
Cost of living (see Consumer price index),. _ _ _
6
Cotton, raw and manufactures... _ _
6,7,22,39
Cottonseed, cake and meal, oil
30
Credit, short- and intermediate-term
17
Crops
2,6,27,30,39
Crude oil and natural gas
3; 11,13,14,15,35
Currency in circulation
18
Dairy products
Debits, bank
Debt, U.S. Government
Department stores
Deposits, bank.
Disputes, industrial
Distilled spirits
Dividend payments, rates, and yields.
Drug-store sales
Dwelling
units, new.
2, 6. 26
16
17
10,11,17
16,18
15
...
27
2,19, 20
10
7,8
Earnings, weekly and hourly
14,15
10
Eating and drinking places __________________
Eggs and poultry ______ __________ __________2,6,28
Electric power_______________________________3 ,6.26
Electrical machinery and equipment ____________3,
4,5,7,12,13,14,19, 22,34
Employment estimates and indexes _ ..... ____ 11,12
Employment Service activities ____________ , _ _
15
Expenditures, U.S. Government _____________ 17
Explosives ________________________________ 25
Exports (see also individual commodities) _____
21,22
Express operations ___________________________
23
National income and product
1
National parks, visits
24
National security expenditures
1,17
Newsprint
22,37
New York Stock Exchange, selected data
19, 20
Nonferrous metals
7,19,22,33
Noninstallment credit
17
Failures, industrial and commercial ____________ 5
Farm income, marketings, and prices__________1 , 2 , 6
Farm wages ___ ___________ ._____________
_______
15
Fats and oils, greases______________________6, 29,30
Federal Governmentfinance_____________________17
Federal Reserve banks, condition of_. _________ 16
Federal Reserve reporting member banks ____ 16
Fertilizers^ ....... __________ _ _ _ ________________ 6 , 2 5
Fire losses__________________________________8
Fish oils and fish _____________ _ _________________ 29
Flaxseed ______ ............ _____ __________ 30
Flooring, hardwood ________________________ 31
Flour, wheat _________ _ _______________________ 28
Food products,_________________________________3,4,
5,6, 9, 10, 12, 13, 14, 15, 18, 22, 27, 28, 29,30
Foreclosures, real estate_______________________.
8
Foreign trade________________.________________2 1 , 2 2
Foundry equipment ________________________ 34
Freight carloadings __________________________ 23
Freight cars (equipment)_______, _ _______________ 3, 40
Fruits and vegetables_____________ ________ 6, 22, 27
Fuel oil __________________ ..... ....... _______ 35,36
Fuels____________._________.___________3,6,35,36
Furnaces. .__________________________________34
Furniture ______________ _ 3,4,6,9,10,12,13,14,17
Furs_______________._________________________22
Paint and paint materials
6, 25
Panama Canal traffic
23
Paper and products and pulp
3,
4,5,7,12,13,14,15,18,22,36,37
Parity ratio
6
Passports issued
24
Payrolls, indexes
13
Petroleum and products
3,
4,5,6,12,13,14,15,19,22,35,36
Pig iron
32
Plant and equipment expenditures
2,19
Plastics and resin materials
25
Plywood, hardwood
31
Population
11
Pork
28
Postal savings
16
Poultry and eggs
2,6,28
Prices (see also individual commodities)
6
Printing and publishing
3,12,13,14,15,37
Profits, corporate.
1,18,19
Public utilities
2 , 3 , 6 , 7,12,13,14,15,19, 20, 26
Pullman Company
24
Pulp and pulpwood
36
Pumps
34
Purchasing power of the dollar
...
7
Gas, output, prices, sales, revenues
Gasoline
Glass and products
Generators and motors
Glycerin
G old
Grains and products
Grocery stores
Gross national product
Gross private domestic investment
Gypsum and products
Radiators and convectors
34
Radio and television..
3,6,9,34
Railroads
2,12,15,19,20,23.40
Railways (local) and bus lines
12,13,14,15, 23
Rayon and acetate
39
Real estate
8,16
Receipts, U.S. Government
17
Recreation
6
Refrigeration appliances, output
34
Rents (housing)
6,9
Retail trade
4.5,9,10,11,13,14,15,17
Rice
27
Roofing and siding, asphalt
36
Rubber and products-- 3.4,5,7,12,13,14,15,22,37
Rye
27
3,6,26,27
9,35,36
38
34
24
18,21
6, 22, 23, 27, 28
,___...
10
1
1
7,38
Hardware stores
,
„
9,10
Heating apparatus
7,34
Hides and skins
7,30
Highways and roads...
7,8,15
Hogs
28
Home Loan banks, loans outstanding.
8
Home mortgages
8
Hosiery
38
Hotels
12,13,14,15,24
Hours of work per week
„
13
Housefurnishings
6, 9,10
Household appliances and radios
, _ 3,6,9,10,34
Imports (see also individual commodities)
21,22
Income, personal.
1
Income and employment tax receipts. _ _ .
17
Industrial production indexes:
By industry
__
...._.
2,3
By market grouping
.
2,3
Installment credit- _ .
17
Installment sales, department stores
11
Instruments and related products
3,12, 13,14
Insulating materials
,
34
Insurance, life
17,18
Interest and money rates
16
Inventories, manufacturers' and trade
4, 10,11
Iron and steel, crude and manufactures
__
3,
4,5,7,8,12,14,19,22, 32,33
Labor disputes, turnover.
15
Labor force
11
Lamb and mutton
28
Lard
28
Lead.
33
Leather and products
3,7,12,13,14,15,30,31
Linseed oil
30
Livestock
2,6,23,28
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit)
8,16,17,19
Locomotives
40
Lubricants
35,36
Lumber and products
3,
4,5,7,8,9,10,12,13,14,18,31
Machine tools
34
Machinery
. 3,4, 5, 7,12,13,14,19, 22,34
Mail-order sales, catalog
.
10
Manmade fibers and manufactures
7,39
Manufacturers' sales, inventories, orders
4,5
Manufacturing employment, production workers, payrolls, hours, earnings
11,12,13,14. 15
Manufacturing production indexes
2,3
Margarine
29
Meats and meat packing
2, 6,12,13,14, 28
Medical and personal care
6
Metals
3,4,5,7,11,12,13,14,15,19,32,33
Milk
27
Mining and minerals
2,3,11,12,13,14,15,19, 20
Monetary statistics
18
Money supply
18
Mortgage loans
8,16,18
Motor carriers
23
Motor vehicles... 3, 4, 5, 7, 9,10,12,13,14,15,19, 40
Motors
34
Oats
Oil burners
Oils and fats, greases
Orders, new and unfilled, manufacturers'
Ordnance
27
34
6,29,30
5
12,13,14
Saving, personal
._
.
1
Savings deposits
16
Securities issued
19
Services
1,9,12,13,14
Sheep and lambs
28
Ship and boat building...
12,13,14
Shoes and other footwear
7,9,10.31
Silk, prices, imports, production
7,39
Silver
18
Soybeans and soybean oil
30
Spindle activity, cotton
39
Steel ingots and steel manufactures
,
3,32,33
Steel scrap
32
Stocks, department stores
11
Stock prices, earnings, sales, etc
20
Stone, clay, and glass products
3,
4,5,12,13,14,19,38
Stoves and ranges
,
34
Sugar..
22,29
Sulfur
25
Sulfuric acid
24
Superphosphate
25
Tea imports
29
Telephone, telegraph, cable, and radio-telegraph carriers
12,13,14,15, 20, 24
Television and radio
3, 6, 9,34
Textiles and products.
_
3,
4,5,7,12,13,14,15,18,22,38,39,40
Tin
22,33
Tires and inner tubes
7,9,10,37
Tobacco and manufactures
3,
4, 5, 6, 7 , 8 , 1 2 , 1 3 , 1 4 , 1 5 , 22,30
Tractors
22,34
Trade
5,9,10,11,12,13,14,15,17,20
Transit lines, local
23
Transportation and transportation equipment- __ 3,4,5,6,9,12,13,14,15,19,22,23,24,40
Travel
24
Truck trailers
40
Trucks
34,40
Unemployment and compensation
11,15
U.S. Government bonds.
16,17,19,20
U.S. Government
finance
17
Utilities
2,3,6, 7,12,13,14,15,19, 20, 26
Vacuum cleaners
Variety stores
Vegetable oils
Vegetables and fruits
Vessels cleared in foreign trade
Veterans' benefits
34
10
._ 29.30
6, 22, 27
,_
23
15,17
Wages and salaries
1,2,13.14.15
Washers
34
Water heaters
34
Wheat and wheat
flour
27,28
Wholesale price indexes
6,7
Wholesale trade
4,5,11,12,13,14,15
Wood pulp..
36
Wool and wool manufactures
6,7,22.39,40
Zinc.
33
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The Office of Business Economics Announces
BUSINESS STATISTICS
1959 edition
TWELFTH VOLUME in a series of statistical
supplements to the monthly Survey of Current Business,
the new 1959 biennial edition provides historical data for
each of some 2,600 economic indicators.
Monthly or quarterly data are shown from January 1955
through December 1958 and annual averages from 1958
back through 1929. Explanatory notes for each series
refer to the source of data, define the statistical units
employed, and indicate the method of compilation or derivation, the comparability of current and past figures, and
the adequacy of coverage.
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