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MAY 1962
survey of
CURRENT
BUSINESS
U.S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
SURVEY OF CURRENT BUSINESS
MAY 1962
VOL. 42, NO. 5
U.S. Department of Commerce
Luther II. Hodges
Secretary
Office of Business Economies
M. Joseph Meehan
Contents
BUSINESS REVIEW
Summary
Director
«
Louis J. Paradise
Managing Director
I
Business Advance Continues in April—Buying Power Up, ami
Consumer Purchasing Moves Ahead—-Construction Advances After
Winter Setback-—Prices Generally Stable
Recent Trends in Manufacturing
Murray F. Foss
Editor
3
K. Celeste Stokes
Statistics Editor
Production and Sales Improve—New Orders Decline—Auto Market
Strong—Machinery and Defense Production Rise
GNP INCREASES AT SLACKENED RATE
Rise in Consumer Buying.
Investment Rise Small
Residential Construction Set Back by Weather
6
7
8
NATIONAL INCOME AND PURCHASING POWER MOVE
HIGHER
STAFF CONTRIBUTORS
TO THIS ISSUE
Business Review and Feature:
Francis L. Hirt
Rational Income and Product:
8
SPECIAL TECHNICAL SUMMARIES
Employment Changes by Legal Form., 1957-60
Advance in Salaries as Portion of Manufacturing Payrolls
Reflects Progress in Technology
Billy Jo Dawkin
Graphics
10
Frederick M. Cone
•Special Features:
F. Beatrice Coleman
Jcanette M. Fitzwilliams
11
Article:
ARTICLE
Capital Formation, Saving, and Credit
MONTHLY BUSINESS STATISTICS
General
Industry.
Subject Index.
John A. Gorman
14
Business Capital and Profits Up—Personal Saving Maintained—
Consumer Borrowing Up—Government Deficit Narrows—Bank
Credit Freely Available—Interest Kates Stable
S1-S24
S24-S40
Inside Back Cover
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By the Office of Business Economics
E<CONOMIC activity in April increased over the March rate, reflecting
advances in personal income, nonfarm
employment, and final demand. In
particular, new automobile sales and
residential construction—'two parts of
final purchases where weakness early
in the year had dampened the first
quarter increase in GNP—now appear
stronger. Dealers7 sales of new cars in
April were at a near-record rale and
housing starts picked up in March after
declining in late fall and winter.
On the other hand, a lessening in the
rate of inventory demand is underway
as compared with the opening quarter
of the year. Production for inventory,
which had the effect of augmenting the
first quarter GNP advance, has turned
lower as steel consumers have begun to
work off stocks accumulated just prior
to and during the steel labor
negotiations.
second quarter is off to a good start,
with the flow of income some $6 billion
higher, at an annual rate, than the
average for the first quarter.
and hardware stores. In nondurables
sales changes were mixed. Department
store sales, after seasonal adjustment,
were not quite so high as the month
before.
Uneven advance in GNP
EXPANSION IN GNP IN FIRST QUARTER
The gross national product rose by
$6 billion to $548 billion in the initial
quarter of 1962; a detailed anaylsis of
first quarter income and product developments is presented further on. At
the moment the current rate of total
output is more than $50 billion higher
than the early 1961 rate but the successive quarterly advances have proceeded
rather unevenly, as may be seen below:
1O61-2Q61
2Qf>l-3O61
3Q61-4Q61
4Q61-1Q62
($ billion)
-4-15
•4-10
4-16
_ _ _ _. . . _ _ _ _ _ _
+6
Retail sales continue rise
Rise in Final Sales Slackened
Billion 1961 $
575
550
GNP
525
J Inventory BuildupTTi Inventory
Liquidation
500
475
J
L_
I
I
I
I
Government Purchases,
Consumer Expenditures on Nondurable Goods
and Services Moved Ahead
175
Nondurable Goods
\ __
150
Personal income higher
With more persons employed in noni'arm establishments and some lengthening of the work week, wage and salary
disbursements rose over the month to
bring about a further increase in personal income. Total income was at a
seasonally adjusted annual rate $438%
billion in April—up $2% billion over
March and $29 billion over the year-ago
figure. Payroll increases were most
pronounced in the volatile commodityproducing sector, and there were increases of smaller magnitude in other
payrolls and labor income, property
income and transfer payments. The
With the flow of income moving
higher retail sales showed a seasonally
adjusted gain of about one percent in
April, paced by a good-sized advance in
durable goods. Sales in nondurable
stores were not much changed. The
second quarter thus begins wit.li the
latest sales total, after seasonal adjustment, some 2 percent above the average
for the first quarter. For the MarchApril period, which includes the holiday
buying season, sales were up 8 percent
compared with the same months of 1961.
The April gains in durable goods were
widespread, extending to automobiles,
furniture and appliances and lumber
125
100
Bui Residential Construction and
Consumer Durable Purchases Were Of?
75
Durable Goods
50
25
Residential Construction
i
I960
i
|
|
i
i
|
1961
1962
Quarterly f Seasonally Adjusted, at Annual Rate
U.S. Department of Commerce, Office of Business Economics
62-5-1
1
2
Improvement in private construction
Residential construction activity in
April showed an improvement over the
rate that prevailed in the first quarter.
Work put in place was at a seasonally
adjusted annual rate of $23 billion, as
against an average of about $22% billion
in the opening quarter of the year.
The pickup in expenditures reflected
the sharp turnaround in housing starts
in March. Private nonfarm starts rebounded to a 1.4 million annual rate
after having fallen markedly—on a
seasonally adjusted basis—from October to February. Since builders over
this period have continued to take out
permits in large volume, and there has
been some question as to the effect of
the winter weather on actual housing
starts, the coming months of good building weather should provide a clear-cut
test of the strength of homebuilding
activity.
This spring has also witnessed some
improvement in private construction
other than residential, which had been
showing little change, seasonally adjusted, over the past year and a half.
Industrial construction has been moving steadily upward since December,
following a decline throughout 1961.
Commercial construction has been very
strong while outlays by public utilities,
although high, have shown little advance since the summer of 1960. Institutional construction continues to
show the steady upward movement that
has been evident throughout the postwar period.
The most recent data on nonresidential contract awards suggest a rising
trend in this type of construction over
the near term. Seasonally adjusted
awards for commercial and industrial
floorspace rose to a very high level in
February and March—-some 20 percent
above the corresponding monthly totals
in 1961.
SURVEY OF CURRENT BUSINESS
crease of \% million over the year-ago
figure. The seasonally adjusted unemployment rate continued unchanged
over the month at 5K percent of the
civilian labor force.
The advance in manufacturing employment extended to both durable and
nondurable goods industries and was
particularly large in metal fabricating
industries. Seasonally adjusted hours
of work in manufacturing rose again in
April to an average of 40.8, up 1 hour
from the January low and higher than
in several years. Better-than-seasonal
employment increases also occurred in
construction, trade, transportation, and
government.
Stability in Prices Continues
Prices continue to reflect easy supply
conditions with only a slight increase
in the average. Despite increased demand, the overall price stability evident
throughout last year has continued into
1962. Costs of services and food at
retail, which put a little upward pressure on the consumer price index in the
second half of last year, continued to
rise in 1962, and accounted for all of the
small price gain in the first quarter.
GNP FINAL PURCHASES
• Advance Slows as Compared With 1961
Billion 1961 $ (ratio scale)
600
-
7960-62
In March wholesale prices of industrial
goods (all commodities less farm products and food) at an index of 100.7
(1957-59=100) were slightly below a
year ago. Most commodity groups
remained either unchanged or fell a
little during the first quarter of this
year.
Though stabilit}^ of wholesale prices
to date characterizes most commodities,
declines have occurred in several markets. Fuel prices in March were 2
percent below their early 1962 level as
a result of price reductions for gasoline.
These prices are currently at the lowest
point in over a year and a half. Among
metal prices, iron and steel scrap has
fallen sharply as a result of he&vy mill
scrap inventories and the cutback in
steel orders.
Average prices of radios, phonographs
and TV sets were also down from the
end of 1961 due to competitive pressures. The important machinery group,
which fluctuated little last year, was
virtually unchanged in the first quarter
as a continued price rise for agricultural
machinery was offset by lower prices
for electrical machinery.
The principal areas of rising prices
occurred in materials and components
for construction, which were up from
January, and slightly above a year ago.
Costs of lumber and wood products rose
during the first quarter by over 1.5
percent. Textile products and apparel
prices also extended the moderate expansion begun last summer in response
to higher costs and demand.
Stable farm prices
500
/
1953-55
400
Employment higher, unemployment
unchanged
Employment in nonfarm establishments registered a seasonally adjusted
advance of about % million from March
to April, paced by a rise in manufacturing. The adjusted employment total of
than 55 million represented an inmore
May 1002
1948-50
300
1
2
3
4
1
2
3
4
1
2
3
4
Quarterly, Seasonally Adjusted, at Annual Rate
U.S. Department of Commerce, Office of Business Economics
62-5-2
Agricultural prices have averaged
about the same as a }^ear ago during the
first 4 months of 1962 and prospects
are that supplies will continue large with
relatively little overall changes in
prices during the year. Food marketings are expected to remain high. Thus
the relatively small net influence upon
wholesale and retail prices which have
been traceable to food and farm products during the past year may be
similarly limited in the season ahead,
aside from special weather influences
upon crop yields.
In recent months fresh vegetable
prices have been unusually high following severe weather in the winter garden
sections of Texas and Florida, which
SURVEY OF CURRENT BUSINESS
May 1962
brought crop losses and delayed growth accompanied by considerable sale of
and marketings. Processed vegetables CCC corn stocks.
Livestock prices have been a little
are in large supply, however.
lower this spring than a year ago. An
Fields crop prices have held a little
higher than a year ago, reflecting a important exception is prices of fed
combination of higher support prices cattle which have stayed high as deand some specific reductions in produc- mand has increased and marketings
tion. Food grain prices have moved up have shown little change. Poultry
following a smaller crop and preceding and egg prices have been a little lower
an increase in support prices as a part than last year as marketings have continued large, but the sharp break in
of the 1962 food grain program; the
broiler prices which occurred in the
latter has brought a reduction in acre- spring and early summer of 1961 is not
age to be harvested this summer. Feed anticipated this year. Dairy prices
grain prices have also been above a have declined and supports have been
year ago with the margin rather small lowered as the milk flow has risen and
for corn. Higher support price for demand has weakened. CCC purchase
cooperating producers and a somewhat of dairy products is at an ususually high
smaller harvest last fall have been rate this spring.
Recent Trends in Manufacturing Activity
Production and Sales Better—New Orders Off, Especially in Steel
DURABLE GOODS MANUFACTURERS
Higher Sales and Lower Orders Reduce Backlog
Billion $
17
TOTAL
16
15
14
13
12
Steel Orders Cut Sharply as Shipments Flow at
High Rate
IRON AND STEEL
^ Sales
" New Orders
Investment Goods Contribute to Sales Rise
But Orders Dip
CAPITAL GOODS PRODUCERS
to rise, the inflow of new business for
New Orders —*-^_ . .
durable goods companies declined in
February and March. Much of the
decline in durable goods new orders in
February and March reflected first an
easing and then a sharp cutback in
steel ordering from the abnormal presConsumer Demand for Durables Bolsters
sures of last December and January.
Factory Business
The parallel movements in orders for
MOTOR VEHICLES AND
all durable goods products and in steel
CONSUMER APPLIANCES
in recent months can be clearly observed in the two top panels of the
chart.
This interruption in the rise of orders
about a year after the onset of economic
1961
1962
I960
recovery is not too different from the
Monthly Data, Seasonally A d j u s t e d
experiences in the two previous cyclical
. Department of Commerce, Office of Business Economics
expansions. In these earlier periods,
however, new orders had been rising
several months before overall activity readjustment of the inventory position
turned up—in contrast to a lead of only of the user industries.
The Federal Reserve seasonally adone month in 1961. In addition, changes
justed production index in April at 117
in new orders in the latest recession and
recovery were relatively smaller than (1957=--100) was 2 points above the December high, and 11 percent above the
in the earlier postwar cycles.
comparable month a year ago when the
Relative strength has been evident in turnaround in general business activity
industries producing capital goods and was already underway. Both durables
defense equipment and motor vehicles. and nondurables along with utilities
Durable goods orders decline—output In the steel industry, output fell sharply
were at record production rates in the
higher
from the late winter peak with the most recent month; but mining proWhile new orders received by non- signing of the new labor contract, and duction was still fractionally below its
durable goods producers have continued continues under the influence of the earlier high.
INDUSTRIAL activity increased moderately in March and April, with generally small but widespread advances
among manufacturing industries and a
strong market in autos. The recent
gains in sales and output have reflected
some improvement in final purchases
since the early part of the year, though
the rise has slowed as compared with
late 1961. Manufacturers have also
been increasing overall inventories at a
moderate pace, with the buildup in
steel stocks an important factor in the
first quarter. At the moment steel
inventories are being drawn down and
ingot production has fallen sharply in
recent weeks.
New orders placed with manufacturers have lost some of their buoyancy
recently, following the rather steady
advance since early 1961 which had
pushed up unfilled orders through February. In March, however, the advance in shipments to a new high
reduced backlogs about $500 million,
lowering the unfilled orders increase
over the year-earlier position to $3%
billion.
SURVEY OF CURRENT BUSINESS
Rising trend in machinery
Activity in industries producing machinery, equipment, and defense
materiel has increased in response to the
pickup in private investment and
Government defense programs, both of
which are expected to rise through the
year. For the group as a whole, output
is some 20 percent above the 1961 low
point, with the rise since January about
7 percent.
Production of machinery, including
MANUFACTURING PRODUCTION
Total at New High in Slow Rise
index, 1957 = 100
UO
Total
120
100
80 I . M M l
IM . . . I . . ! . . ! . . . . . ! . . . ! . ! . ! ! ! . ! .
Defense and Investment Goods
Continue Upward— Autos Up Sharply
Machinery and Defense
Equipment
60
Other Durables Trace Sidewise Pattern
Steel Down After Inventory Buildup
140
Other Durables
120 100
80
60
Nondurable Manufactures
About Unchanged Since Fall
140
Nonc/urab/es, Total
120
100
80
1959
1960
1961
1962
Seasonally Adjusted
° PreCiminan
>ry
U.S. Department of Commerce, Office of Business Economics
Data: FRB
62-5-4
May 1062
both electrical and nonelectrical, is companies, which account for about
at a record rate. New orders are one-third of all durable goods manucurrently about one-tenth above those facturers' unfilled orders, have been
of a year ago and backlogs are up about reduced about $1 billion over the past
as much. Products showing better- year as deliveries have persistently
than-average strength include com- remained above new contracts. Remercial equipment, office and store duced demand for commercial jets is a
machines, electronics, computers, and major factor, although backlogs of
communication equipment.
both military aircraft and missile s}7sIn the machine tool industry, both tems are also lower than a year ago.
new orders and shipments, which were
at a slow pace in January and February, Consumer durables doing better
picked up in March, partly in response
Spurred by good consumer demand
to some increase in orders from abroad. and sales promotions this spring, pasThis brought the total of metal cutting senger car production schedules were
and forming type tools for the quarter raised contraseasonally in April.
only moderately below the final 3 Assemblies increased from an average
months of 1961, or about in line with the weekly rate of 137,000 in March to
usual change for the period.
147,000 in April and for the month
In the depressed railroad equipment totaled close to 620,000 cars; this comindustry, there was some improvement pares with 600,000 in March, which had
in freight car building in March, one more working day. Truck profollowing the spurt in new orders placed duction held about even with the March
between November and January. total of somewhat over 100,000. April
Plants shipped out almost twice as completions, together with the relamany cars during the month as the low tively high first quarter volume,
average for the preceding 8 months. rounded out a 4 months' total of close
Incoming orders in February and to 2.4 million passenger cars. This was
March, however, were again at a slower over 700,000 higher than in the compace and backlogs in this industry re- parable period a year ago which was
main low.
one of slack sales.
Production schedules for May are
Defense activity moves ahead
now expected to exceed the April turnProduction of defense goods taken as out since inventories in dealers' hands,
a group—-aircraft and missiles, ships, down somewhat since mid-March and
and ordnance and accessories—in under 1 million units, continue favorMarch was the highest in several years. able relative to the current rate of sales.
Total defense output is now up roughly
Even though consumer buying of
15 percent from the year-ago level. appliances, television sets, and radios
Employees engaged in defense opera- tapered off in the first quarter of this
tions are increasing steadily and now year, output and consumer buying of
exceed well over 1% million workers. these products remained high. The
In aircraft and parts plants alone the recent production rate is about even
total is over 700,000, and the increase with the 1961 summer high point, and
since last August amounts to more than well above the average for 1961 as a
40,000.
whole. Much of the recent strength
Industries most heavily engaged in in this group steins from the more
defense
work—aircraft,
electrical favorable market reception of color TV
machinery and instruments—tended to receivers and the large turnout of radios
report less-than-seasonal increases in for the expanding auto industry.
contract placements from February to
Accompanying the high output was
March. Given the upward trend in a buildup of stocks of some product
defense outlays and the large volume lines held by manufacturers and disof new orders received earlier this tributors, but for the appliance group
year—particularly by aircraft com- as a whole the inventor}' position conpanies—the March results may reflect tinued relatively favorable, as was the
a temporary lull.
case through most of 1961. In the case
Backlogs of aircraft and aerospace of TV and home radios, however, com-
SURVEY OF CURRENT BUSINESS
•May 1062
amounting to 20 percent or more above
the fourth quarter rale. For the auto
industry alone the rise was about onethird. Takings of finished steel by
these four groups accounted for about
Steel adjusts to reduced purchasing
half of tot;j>i. mill products shipped in
Steel production is being reduced 1961. While deliveries of finish P.; I steel
from the high volume of 30.6 million to consuming markets u t the moment
ingot tons turned out in the first quarter. are declining, actual consumption reThat output was more than one-tenth
flects the rising demand for producers'
higher than in the fourth quarter of
1961, and the highest since the first and consumers' durable goods and the
growing defense programs.
quarter of 1960.
In other industries producing durable
All major consuming markets stepped
materials, output continued to move
up their purchases of finished steel in upward. March copper, lead, and
the first quarter of this year. Receipts zinc production in the aggregate was
from mills for current consumption and well above the January level, while
addition to inventories were particu- aluminum producers stepped up the
larly sizable for the auto, machinery, operating rate from 81 percent to 84
commercial equipment, and appliances, percent of rated capacity. Production
blued inventories in the most recent
month were roughly 1 million units, or
some 25 percent, higher than the }rearago volume.
of construction materials, which declined sharply in the fall and winter
months in line with the reduced construction volume, particularly in homebuilding, picked up in February and
March, though the rate for the latter
month was still 7 percent below last
summer's high.
Non-durables production steady
Production of nondurable goods lias
been characterized by small month-tomonth changes since early last winter,
but with a generally favorable trend.
In March, the rate of operations was
fractionally above the high point reached
in December and 10 percent above the
early 1961 trough, a rise considerably
smaller than that shown in the comparable 1958-59 upswing.
Rise in National Income and Product Continues
First Quarter Brings Higher Consumption and Government Buying,
Lower Construction, and Inventory Rise
THE expansion in economic activity
continued through the first quarter,
though at a slower pace than in earlier
quarters. Gross national product increased by $6 billion to a new7 high of
$548 billion (seasonally adjusted annual
rate). This compares with quarterly
increases of $10 to $16 billion recorded
during the first three quarters of recovery and expansion from the cyclical
low point of the opening 1961 quarter.
Continued growth in consumer expenditures for nondurable goods and
services, further expansion in purchases
at all levels of government, and a moderate increase in the rate of inventory
accumulation accounted for the recent
gain. There were declines in residential
construction and consumer purchases
of durable goods following three quarters of expansion in each category. Net
exports were off but business outlays
for fixed investment were little changed
from the closing quarter of 1961.
The first quarter increase in national
income was somewhat less than the
rise in GNP and reflected almost entirely higher payrolls; corporate profits
were apparently little changed from the
level of the fourth quarter of 1961.
The first quarter rise in personal income ($4 billion) was about in line with
the increase in GNP and national income, after giving effect to the increased
rate of contribution for social insurance
which started in January. After showing little net change in the NovemberJanuary period, the flow of personal
income was markedly higher in February and March, indicating more
favorable conditions following a severe
winter in major areas of the country.
The improvement within the quarter
is confirmed by the data on retail sales
and construction activity in March.
By the first quarter of 1962, the
cumulative advance in GNP from the
cyclical low point of early 1961, had
amounted to $47% billion, not quite 10
percent. With prices showing only a
slight rising trend over the period, most
of the advance reflected increased out-
put which was up 8 percent for the
period. This is about the same as the
percentage increases noted in the first
four quarters of recovery and expansion
in 1954-55 and 1958-59.
There were, however, rather marked
differences in the composition of the rise
in GNP as among the three periods,
(See chart on p. 6.) Government purchases have increased 10 percent since
early 1961, and have accounted for
about 23 percent of the rise in GNP,
In contrast, these purchases increased
less than 8 percent during the first four
quarters of the 1958-59 expansion and
accounted for only 18 percent of the
rise in GNP for the period; Government
activity was declining slightly during
the 1954-55 recovery.
These differences were attributable
largely to defense outlays which rose
sharply in 1961, particularly after midyear. In contrast, the 1954-55 recovery coincided with the end of the
period of retrenchment following the
1951-52 Korean military defense build-
SURVEY OF CURRENT BUSINESS
6
up; there was a small rise in defense
expenditures during the 1958-59 recovery period.
Business fixed investment has played
a somewhat greater relative role in the
recent gain than in the earlier periods,
owing less to the vigor of the recovery
in this area, than to the fact that the
upturn more or less coincided with the
revival in general business activity.
BEHAVIOR OF GNP COMPONENTS in First
Year of Cyclical Expansions
Government Purchases More Important in
Current Recovery Than in the Prior Two
Billion 1 954 $
(ratio scale)
800 1957
GNP
Peak
\
600
Final
Purchases
400 -
/
I960
GNP
Peak
\
L.
200
' Nondurable Consumer
Goods and Services
TOO
Government Purchases
80
60
56
1954
58
60
62
Fixed Investment Below Previous Highs
60
_ Bus/ness
Fixed
40
:
~J**
'**^
^\
"Consumer
\
Bus/ness
Bus/ness
Fi
**d
Durable
20
*'•'•• :
^
"^/
-
^
Goods
Residential Construction
10
, I . I . i . l . . , I . . . I , , , ! , , , 1. , . ! . , . 1 , . , ! , . .
1954
56
58
60
U.S. Department of Commerce, Office of Business Economics
62
62-5-5
Previously, capital outlays had continued to decline a quarter or two after
general recovery began. Moreover,
business fixed investment is, in real
terms, still somewhat below its 1957
peak, despite the fact that real GNP
is 14 percent higher over the period.
First quarter outlays were, however,
higher in relation to the preceding peak
was the case in the corresponding
than
May 1902
quarters of the two preceding cyclical $19 billion (annual rate), about matchrecoveries.
ing the record level of the first half of
The net increases in both durable 1960 which followed the settlement of
consumer goods and residential con- the steel strike and the introduction of
struction has so far fallen short of those compact cars of domestic manufacture.
achieved in the earlier periods of reAs noted in the March SURVEY, auto
cover}7 and expansion. In both cases, purchases as a proportion of consumer
a similar comparison based on the data expenditures continue rather low for
for the fourth quarter of 1961 would the postwar period. In part, this relahave shown a more favorable picture, tively low volume is associated with the
as may that for the current quarter if trend to the less expensive compact
more recent trends are maintained.
cars. Last year, for example, the comDespite the first quarter decline noted pacts accounted for about one third of
earlier consumer buying of durable domestic car sales, and were responsible
goods, in real terms, was little below for passenger car outlays being $1%
the 1960 peak. On the other hand, billion less than they would have been
the volume of residential construction, had the same number of standard cars
though about matching its 1960 high been sold. In the first quarter of 1962
point, was off 12 percent from its 1959 the compacts registered close to 40 perpeak.
cent of sales of cars of U.S. manuConsumer expenditures for nondur- facture.
able goods and services about matched
Furniture and household equipment
their increases in the earlier periods. sales, which in last year's closing quarter
In percentage terms, there was little equalled the high 1959 levels associated
difference as between goods and serv- with record residential construction
ices, but since the latter have continued outlays, were probably affected by the
to move steadily upward in all recent decline in homebuilding activity in the
recession periods, comparison with 1960 first quarter. Sales held steady during
and especially 1957 is considerably the quarter, but for the quarter as a
more favorable for services.
whole, a small decline ($% billion) ocConsumer Buying Contributes curred. With recent increases in housing starts, expenditures for these types
Major Part of Rise
of goods may be expected to move up
Overall, consumer buying increased again in the second quarter.
less than $4 billion (annual rate) in the
first quarter, as compared with the $7% Other expenditures rise
billion increase noted for the preceding
The $1% billion increase in consumei
quarter. The slowdown was entirely expenditures for nondurable goods
in the purchase of durable goods which about matched those of the preceding
had risen sharply in late 1961. The two quarters. The cumulative increase
first-quarter increase in expenditures over the past four quarters has been
for soft goods and services about about 4 percent. Expenditures foi
matched those of the later quarters of clothing have risen about 5K percent:
1961.
increases in other major categories
have ranged slightly downward fron
Stvings in durable goods purchases
4 percent.
Most of the $%-billion decline in durAs the growth of consumer services
able goods purchases in the quarter was had riot been significantly slowed by the
attributable to automobiles and acces- brief 1960-61 recession, expansion ir
sories. This reduction may have been
this area was not appreciably accelerdue in part to the severe winter experiated after the turn. The cumulative
enced over much of the country during
7
Januar} and February, as there was a increase over the past year has beer
sharp spurt in sales during the early about 7 percent; as prices have con
spring months. Thus, major signifi- tinued to rise moderately in many serv
cance cannot be read into the first ice areas, the percentage increase in th(
quarter decline. Sales during the latest volume of services has been about 4}:
two quarters ended in March averaged percent.
Mav 1062
SURVEY OF CUEEENT BUSINESS
Investment Rise Small
Table 1.—Gross National Product in Current and Constant Dollars (I~3, 1-5)
Overall investment increased only
$ /2 billion in the quarter to reach an
annual rate of $77 billion. The increase
over the past 4 quarters amounted to
about $17 billion, at an annual rate.
This represents 36 percent of the rise
in GNP over the period, as compared
with 42 and 47 percent, respectively,
for the initial 4 quarters of the 1958-59
and 1954-55 recoveries.
1961
l
Rise in inventory accumulation
The first quarter increase in business
inventory investment—$!}£ billion—
reflected mixed trends in the economy.
There was a step-up of nearly $3 billion
in durable goods factories, where steel
consumers were hedging against a
strike in that industry. In addition,
industries holding nondurable goods
stocks stepped up the rate of accumulation by about $1% billion in this period.
A sharp rise in auto sales in the later
weeks of the quarter was not fully reflected in higher production schedules;
in consequence, there was a net decline
of $1% billion in the rate of accumulation of auto stocks at retail, and other
durable goods holdings in trade also fell.
To date the inventory buildup has
contributed some $11 billion to the $48
billion expansion in GNP. The proportion was significantly higher in 1958-59
and somewhat higher in the initial four
recovery quarters in 1954-55. The
first quarter 1962 rate of accumulation
was affected by the threat to future
steel production and was the highest in
recent years except for two quarters
preceding and one following the 1959
steel strike. In general, inventories appear to be under close control by buyers. Liquidation of abnormal steel
stocks accumulated during the first
quarter are currently resulting in a
lowering of steel output.
Business fixed investment weak but
moving up
Business capital outlays are programed to be higher this year but here,
as elsewhere, there was an adverse
weather element in the first quarter.
While the cumulative advance since
early 1961 has carried these outlays
to about the 1960 peak in dollars, in
1959 1960 1961
•1-
i
1962
III
I
IV
i,
I
1959 1960 1961
ii
III
IV
Se asona ly adjusted at
amnial rates
Seasonally adjusted at
annual rates
Billions of current dollars
Gross national product
1962
1961
Billions of 1954 dollar?
482.8 504.4 521.3 500.8 516,1 525.8 542.2 548.3 428.4 440.8 448.8 433. 2 445.5 451.8 464.6 468,2
Personal consumption expend314. 0 328.9 339. 0 330.7 336. 1 341.0 348.4 352.0 289.3 298.3 303.6 297.0 301. 6 305. 0 310.8 312.8
itures
_
_ _
43.5 44.3 42.3 39.4 42.0 42.3 45.5 44.8 41.0 41.8 40.1 37.6 39.8 39.9 43.1 42.6
147.3 152.4 155.5 153. 7 154.1 156.2 158.1 159. 8 138.8 141.8 143. 6 141.6 142. 6 144. 5 145.9 147. 0
123 2 132.2 141.2 137.5 139.9 142.4 144.9 147.3 109.5 114. 7 119.9 117.8 119.2 120. 6 121.9 123.2
Durable goods
Nondurable goods
Service^
Gross private domestic investment
New construction
72.4 72.4 69.6 59.8 68.8 73.2 76.6 77.0 61.1 60.6 57.7 49.6 57.3 60.4 63.5 63.7
40.2 40.7 41.7 39.6 41.3 42.7 43.3 41.8 34.3 33.9 34.4 32.9 34.1 35. 1 35.6 34.2
_ _
22 3 21.1 21.2 19.3 20.6 22.1 23.0 21.4 19.4 18.0 18.1 16.5 17.6 18.7 19.5 18.1
17.9 19.6 20.5 20.4 20.7 20.6 20.3 20.5 14.8 16.0 16.4 16.4 16.6 16.4 16.2 16.1
Residential nonfarm
Other
Producers' durable equipment. 25.9 27.5 25.7 24.2 24.7 26.0 28.0 28.5 21.3 22.7 21.2 19.9 20.3 21.4 23.1 23.4
6.3
4.2
2.2 -4.0
2.8
4.5
5.3
6.8
5.5
4.0
2.1 -3.2
2.9
3.9
4.7
6.1
6.2
.1
4.0
.3
1.8 -4.3
.3
.3
2.4
.4
4.1
.4
5.1
.2
6.6 5.6
.2 -.0
3.8
.2
1.7 -3.5
.3
.3
2.4
.4
3.5
.,4
4.5
.2
5.9
.2
Net exports of goods and services. -.7
3.0
4.0
3.9
2.6
4.0
3.5 -2.1
1.7
2.0
1.9
«6
2.0
1.3
Change in business inventories,
Nonfarm
Farm.
Exports
Imports
Government purchases of goods
and services _ _ _
_
3.3
97.1 100.1 108.7 105.0 107.3 109.0 113.2 115.9 80.1 80.2 85.5 83.3 84.7 85.7 88.3 90.3
53.5 52 9 57.3 54.7 56.6 57.4 60.0 61.5 43.9 42.3 44.9 43.1 44,7 45.0 46.8 48.4
Federal
46.2 45.5 49.2 47.2 48.8 49.0 51.7 52.8
7.8 8.0 8.6 8.0 8.3 8.9 9.0 9.4
7
5
5
5
.7
6
6
6
National defense
Other
Less* Government sales
State and local _
5.3
23.1 26.7 27.4 27.6 26.4 27.0 28.5 28.2 22.2 25.3 25.5 25.7 24.5 25. 2 26.7 26.2
23.8 23.6 23.4 22.3 22.5 24.3 24.5 24.7 24.3 23.6 23.5 22.4 22.6 24.5 24.7 24.9
_ _
43.6 47.2 51.4 50.3 50.6 51.6 53.2 54.3 36.2 38.0 40.6 40.2 40,0 40,8 41.4 41,9
_. _
Table 2.—Personal Income and Its Use (II-2)
[Billions of dollars]
1961
1959
1960
1961
I
II
1962
III
IV
I
Seasonally adjusted at annual rates
Personal income
383.3
Other labor income
402.2
416.7
404.7
413.2
420.3
428.6
432.9
258. 5
107.2
84.7
68.2
37.7
45.3
__
Wage and salary disbursements
Commodity-producing industries
Manufacturing
Distributive industries _ _ _ _
Service industries
Government
_. .
271.3
110.4
87.4
71.8
40.7
48.4
279.7
111.2
87. 8
73.4
43.1
51.9
270.1
106.1
83.8
71.8
41.8
50.4
277. 3
110.7
87.5
72.8
42.5
51.3
282.7
112.8
88.9
74.3
43.6
52.1
288.7
1 15. 2
90.8
74.8
44.7
54. 0
292.5
115.7
91.8
76.0
45.4
55. 3
10.3
10.9
11.1
10.8
10.8
11.2
11.5
11.9
46.3
35.0
11.3
48.2
36.2
12.0
49.6
36.5
13.1
48.9
36.0
12.9
49.2
36.3
12.9
49.4
36.6
12.8
50.8
37.2
13. 6
50.6
37.6
13.0
Rental income of persons
11.9
11.7
11.5
11.5
11.5
11.5
11.5
11.5
Dividends-
13.4
14.1
14.4
14.2
14.2
14.3
15,0
15.0
Personal interest income
23.6
26.2
27.3
26.8
27.0
27.4
28.0
28.7
Transfer payments
27.2
29.1
32.9
32.0
32.9
33.5
33.2
33.3
10.2
2.5
4.5
10.0
11.1
2.8
4.6
10.6
12.6
4.0
4.3
11.5
11.8
3.8
4.7
11.7
12.5
4.5
4.8
11. 1
12.7
4.0
4.8
11.9
13.4
3.8
4.8
11., 3
13.7
3.4
4.7
11.5
Proprietors' income _
Business and professional
Farm
_ - _ _
Old-age and survivors insurance benefits
State unemployment insurance benefits
Veterans' benefits
Other
_ _
7.9
9.3
9.7
9.5
9.7
9.8
1 0.0
10.5
46.0
39.6
6.4
50.4
43.2
7.2
51.8
43.9
8.0
50.3
42.6
7. 7
51.4
43.6
52.5
44.5
8.0
53., 1
44.8
8.3
54.7
46. 0
8.7
Equals: Disposable personal income
337.3
351.8
364.9
354.3
361. 8
367.7
375.6
378. 2
Less: Personal consumption expenditures
314.0
328.9
339.0
330.7
336.1
341,0
348., 4
352. 0
23.4
22.9
25.8
23.7
25.8
26.8
27., 1
26.2
310.6
319.0
326.8
318.4
324.8
329. 0
335., 0
336., 2
Less: Personal contributions for social insurance. _
Less: Personal tax and nontax payments
Federal
. _ _
State and local
_
Equals: Personal saving _
Addendum: Disposable personal income in constant
(1954) dollars
SURVEY OF CURRENT BUSINESS
real terms, they arc still below any
quarter of 1956 or 1957.
Capital outlays currently represent
a lesser proportion of GNP than in the
mid-1950's. In fact, if the average
ratio of fixed invest in out to GNP is
computed for 5-year periods (to minimize the effect of cyclical factors) the
recent decline appears to bo but a
continuation of postwar adjustments.
Period
Fixed
GNP Investment
[Billions of constant (1954)
(5-year averages)
1947-51
314
1952-56
387
1957-61
430
Percent
dollars]
33
38
37
10.5
0. 8
8.6
Capital investment during the decade
or so following World War II reflected
a number of special factors. In the
1947-51 period, activity in certain
areas was abnormally stimulated by
the absence of normal growth during
the depression and war periods; in
others, it was curtailed by materials
shortages or by the conversion of
Government facilities erected during
the war. Finally, the outbreak of the
Korean war stimulated capital outlays
in certain strategic areas of the economy.
During the 1952-56 period, materials
were generally abundant and investment in many areas, notably durable
goods manufacturing, was still feeling
the stimulating effects of the Korean
expansion program, and the introduction of accelerated amortization. Thus,
the last 4 or 5 years are the first in the
postwar period when business investment has not been greatly distorted
b}r the effects of severe depression and
war. The problem of raising investment to more satisfactory levels in
relation to GNP must be viewed in
this light.
Residential construction lower
The decline in residential construction was an important factor in moderating the first quarter advance in GNP.
In the previous quarter, activity had
come close to matching the 1959 second
quarter peak of $23.5 billion, though in
real terms it was still 5 percent belo\v
that quarter.
The weather in man}7 areas of the
country may have had some effect on
Mav 1902
the rate of construction activity in terest rates on mortgage debt conlate 1961 and early 1962. The number tinuing to move do\vn slightly in the
of new private housing units author- opening months of the year.
ized by local building permits during
the winter m o n t h s (December-Febfu- Government Purchases Rising;
ary) reached a volume not achieved,
Net Exports Olf
since early 1959. On the other hand,
Government purchases of r-;oods and
housing s t a r t s during this period, at
an annual rate of 1,225,000 u n i t s , were services increased another 2'14 percent
off sharply from the 1,400,000 units in the first quarter, with higher Federal
started in October. Building peri nits defense expenditures and increased
were off slightly in March, but starts State and local outlays. The recent
rose sharply t o regain the October level, increases in Federal Government purand in April residential construction chases reflect the full impact of the
activity moved above the first quarter measures taken to meet the Berlin
crisis and accelerate the growth of
average.
As noted in the article on "Capital 11} ili t ary s tren g111.
Net exports were off $K billion,
Formation, Savings, and Credit" in
this issue of the SURVEY, financial con- following a rise which had contributed
ditions in the mortgage market have nearly $!}£ billion to the fourth quarter
remained relatively favorable with in- rise in GNP.
National Income and Purchasing Power
Move Higher
HIGHER employee compensation
accounted for most of the first quarter
increase in national income. On the
basis of preliminary evidence, corporate
profits do not appear to have changed
much from the $52 billion (annual rate)
of the first quarter, following three
successive quarterly rises cumulating
to $12 billion.
Within manufacturing, where half
of all corporate profits originate, earnings were nearly one-third above the
cyclical lows of the first quarter of
1961, though about the same as in
the fourth quarter of last year. Small
declines in a number of manufacturing
industries were counterbalanced by a
sharp increase in profits of primary
metal producers.
Outside of manufacturing, still low
rail profits advanced as recovery from
the recession was extended; earnings
of the communications and public
(Continued on page 20)
Fable 3.—Gross National Product by Major Type of Product in Current and Constant
Dollars (1-6", 1-7)
1961
1959 1960 1961
i
j
I
II
III
IV
Final sales
In v en t o r v c 1 1 an g e
Nondurable goods output
Final sales
Inventory change
|
I
I
II
III
1962
IV
I
Seasonally adjusted at
annual rates
1
Billions of 1954 dollars
482.8504.4 52,.3 500.8 516. 1 525. 8 542. 2 548. 3 428.4 440, 8 448. 8 433. 2 445. 5 451. 8 464. 6 468.2
i
476. 5 '500. 9 519.1 504. 8 51 3. 2 521.3 537.0 541. 6! 4^2. 9 436. 8 446. 7 436. 5 442.61447.91459.9 46? 1
6.3 4.'>i 2.2 -4.0 2.8 4.5 5.3 6.8J 5.5 4.0 2.1 ? o 2. 9 3.9 4.7 6.1
Gross national product
Durable goods output
Final sales
Inventory ch ange
1961
I 1959 1960
Seasonally adjusted at
annual rates
Billions of current dollars
Goodsoutput
Final sales
Inventory change
1961
1962
___
250. 3 258. 5 259. 0 245. 7 257. 1 261.4 271.6 274.9 228.6 234. 6 233. 6 221.9 232. 5 235. 4 244.6 247.1
244.0 254. 3 256. 8 249. 7 254. 3 256. 9 266. 3 268.1 223.1 230.6 231.5 225. 2 229. 7 231.6 239. 8 241. (
6.3 4.2 2. 2 -4.0 2.8 4.5 5.3 6.8 5.5 4.0 2.1 -3.3 2.9 3.9 4.7 6.]
94.9 96.7 92.8 81.6 90.9 96.1 102.6 103.3 82.9 84.7 80.9 71.4 79.4 83.5 89.4 90. C
91.3 94. 3 92.7 87.4 91.2 92.6 99.6 99.8 79.8 82.4 80.9 76. 5 i 79.6 80.5 86. 8 87.1
.1 -5.8 -.3 3.5 3.1 3.5 3.1 2.3
3.6
.1 -5.1 -.2 3.0 2.6 2.1
155.4 161.8 166.1 164. 1 166. 2 165. 3 168.9 171.6 145.7 150.0 152. 7 150.5 153.2 151.9 155.2 157. 1
152.8 160.0|164.1 162.3 163 0 164 3 166 7 168 3J143 3 148 3 150 7 148 7 150 0 151 0 153.1 153.1
2.6 1.8| 2.0 1.8 3.2 1.0 2. 2 3.3 2.4 1.7 2.0 1.8 3.1
.9 2.1 3.i
176 2 189 3 203 6 197 9 201 1 205 1 210 0 914 3 151 7 158 7 166 2 163 2 164 7 167 1 169 8 172 i
Construction
56.2 56.6 58.8 57.2 57.9 59.2 60.7 59.1 48.1 47,5 48.9 48.0 48.3 49.2 50. 3 48.1
SURVEY OF CURRENT BUSINESS
May 1962
Table 4.—Relation of Gross National Product, National Income,
and Personal Income (1-18)
9
Table 6.—Personal Consumption Expenditures by Major Type
(II—6)
[Billions of dollars]
[Billions of dollars]
1961
1959
1960
II
I
1961
1962
III
IV
1961
I
1959
1960
I
1961
Seasonally adjusted at annual rates
Gross national product
Less: Capital consumption allowances
482.8
40.8
Equals: Net national product. _ 442.0
Less: Indirect business tax
and nontax liability- _ _ 42.7
Business transfer payments
1.8
Statistical discrepancy- _ -1.7
Less: Corporate profits and
inventory valuation
adjustment
Contributions for social
insurance
Excess of wage accruals
over disbursements
Plus: Government transfer
payments to personsNet interest paid by
government
Dividends
Business transfer payments
_
..
Equals: Personal income
43.1
461.4
45.6
500.8
521.3
516.1
44.2
45.2
471.1
480.3
46.4
45.7
47.1
45.5
45.0
456.6
476.1
525.8
47.5
542.2
46.1
496.1
48.9
548.3
Goods and services, total- 314. 0
49.4
1.8
-2.6
1.8
-1.8
1.8
-1.5
1.8
-.5
1.8
n.a.
.4
.5
1.4
.5
1.4
1.8
1.9
1.9
399.6
417.1
430.2
412.2
426.0
434.3
447.9
n.a«
339.0
330.7
336.1
341.0
348.4
352.0
44.3
42.3
39.4
42.0
42.3
45.5
44.8
Automobiles and parts
18.1
18.6
16.8
14.8
16.7
16. 4
19.3
18.7
Furniture and household
equipment
18.9
18.8
18.6
17.8
18.3
18.8
19.1
18.9
6.6
6.9
7.0
6.8
7.0
7.0
7.1
7.2
147.3
152.4
155.5
153.7
154.1
156.2
158.1
159.8
._._ _
Nondurable goods, total
Food and beverages
45.1
46.2
40.0
45.5
47.0
52.1
n.a.
17.6
20.7
21.9
21.2
21.7
22.0
22.6
23.9
.0
.0
.0
.0
.0
.0
.0
.0
25.4
7.1
13.4
27.3
7.8
14.1
30.1
31.0
31.0
7.5
14.2
7.3
14.4
31.6
7.3
14.2
7.2
14.3
31.4
7.2
15.0
31.4
7.3
15.0
1.8
1.8
1.8
1.8
1.8
1.8
1.8
1.8
383. 3
402.2
416.7
404,7
413.2
420.3
428.6
432. 9
_
78.0
Gasoline and oil.
__
_
Services, total _
80.1
81.8
81.1
81.4
81.9
82.7
84.0
27.4
Clothing and shoes
Other
46.4
28.1
28.4
27.9
27.6
28.6
29.5
29.4
11.0
11.6
11.8
11.7
11.7
11.8
11.8
12.0
30.9
32.6
33.6
33.0
33.4
33.9
34.0
34.4
123.2
132.2
141.2
137.5
139.9
142.4
144.9
147.3
Housing. __
39.9
42.2
44.5
43.6
44.2
44.8
45.5
46.1
Household operation
18.1
19.6
21.0
20.6
20.9
21.2
21.6
21.9
Transportation
10.0
10.5
10.8
10.5
10.7
10.9
11.0
11.2
Other
55.2
59.9
64.8
62.8
64.1
65.5
66.7
68.1
Table 7.—Foreign Transactions in the National Income Accounts
(IV-2)
[Billions of dollars]
1961
Table 5.— Government Receipts and Expenditures (III-3, III-4)
1959
[Billions of dollars]
1961
1959
1960
1961
I
II
1960
IV
I
Seasonally adjusted at annual
rates
96.0
97.9
92.5
96.8
99.3 103.2
n.a.
39.6
21.9
43.2
21.2
43.9
21.6
42.6
18.6
43.6
21.2
44.5
22.1
44.8
24.6
46.0
n.a.
13.0
14.9
14.0
17.7
13.8
18.6
13.3
18.0
13.6
18.4
14.0
18.7
14.5
19.3
14.6
20.6
91.2
92.8 101.8
98.0 101.1 102.4 105.2
107.9
52.9
57.3
54.7
56.6
57.4
60.0
Receipts from abroad
22.2
20.6
1.5
23.7
22.2
1.6
1.7
26.5
24.8
1.6
27.1
25.7
1.5
27.8
26.1
1.7
27.7
25.9
1.8
6.6
6.1
6.6
7.1
6.8
6.4
6.4
27.4
27.6
26.4
27.0
28.5
27.4
27.6
26.4
27.0
28.5
28.2
23.1
26.7
27.4
27.6
26.4
27.0
28.5
28.2
Imports of goods and services
23.8
Net transfer payments by Government- 1.5
Net foreign investment. _
-2.3
23.6
1.6
1.5
23.4
1.7
2.3
22.3
1.6
3.7
22.5
1.5
2.4
24.3
1.7
.9
24.5
1.8
2.2
24.7
1.7
1.7
6.4
7.0
6.5
6.8
6.6
6.4
6.5
6.5
Subsidies less current surplus of
government enterprises
2.6
2.9
4.1
3.0
4.0
4.5
4.6
4.7
28.2
7.6
Net interest paid
I
IV
26.7
23.1
27.6
25.9
1.7
Grants-in-aid to State and local
governments.
III
23.1. 26.7
Exports of goods and services
61.5
27.3
1962
Seasonally adjusted at annual
rates
Payments to abroad
89.4
II
I
1961
1962
III
I
328.9
Other
1.8
-1.5
IV
43.5
46.5
501.8
III
II
Seasonally adjusted at annual rates
Durable goods, total
1.8
-2.6
Plus: Subsidies minus current
surplus of government enterprises
'
Equals: National income
504.4
1962
Federal Government receipts
Personal tax and nontax receipts . _
Corporate profits tax accruals
Indirect business tax and nontax
accruals
Contributions for social insurance.
Federal Government expenditures
Purchases of goods and services. ._ 53.5
Transfer payments
To persons
__ _ _
Foreign (net)
25.6
3.3 -3.9
-5.5
-4.3
3.1
2.0
n.a.
State and local government receipts... 46.5
49.2
52.4
51.4
51.9
52.4
53.7
n.a.
Personal tax and nontax receipts __ 6.4
Corporate profits tax accruals
1.2
Indirect business tax and nontax
accruals
1
29.6
Contributions for social insurance. 2.7
Federal grants-in-aid
6.6
7.2
1.2
8.0
1.2
7.7
1.0
7.8
1.2
8.0
1.2
8.3
1.3
8.7
n.a.
31.6
3.0
6.1
33.3
3.3
6.6
32.4
3.2
7.1
32.9
3.3
6.8
33.5
3.3
6.4
34.4
3.3
6.4
34.8
3.3
7.6
-1.8
46.9
50.6
55.0
53.8
54.2
55.3
56.8
57.9
Purchases of goods and services. _ _ 43.6
Transfer payments to persons
4.8
Net interest paid
.7
Less: Current surplus of govern2.2
ment enterprises
47.2
5.1
.7
51.4
5.4
.8
50.3
5.3
.7
50.6
5.4
.8
51.6
5.5
.8
53.2
5.5
.8
54.3
5.6
.8
2.4
2.6
2.5
2.6
2.7
2.7
2.8
-2.6 -2.4 -2.3
-2.9
-3.1
n.a.
Surplus or deficit (—) on Income and
product account
__
__ _ ..
n.a.—Not available.
635873°—62-
[Billions of dollars]
1961
1959
Surplus or deficit (—) on income and
State and local government expenditures
__
_ _-
Table 8.—Sources and Uses of Gross Savings, Seasonally
Adjusted Quarterly Totals at Annual Rates, (V-2)
-.4 -1.4
1960
1961
I
II
1962
III
I
IV
Seasonally adjusted at annual rates
Gross private saving
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
Statistical discrepancy
n.a.—Not available.
74.0
74.6
79.9
74.0
79.7
81.6
84.4
n.a,
23.4
22.9
25.8
23.7
25.8
26.8
27.1
26.2
10.3
8.6
8.8
5.8
8.6
9.5
11.5
n.a.
.0
.1
.4
.3
-.2
Q
n.a.
40.8
43.1
45.2
44.2
45.0
45.5
46.1
46.5
.0
.0
.0
.0
.0
.0
.0
.0
-2.2
1.9
-6.5
-7.9
-6.6
-6.0
-5.1
n.a.
-1.8
-.4
3.3
-1.4
-3.9
-2.6
55
-2.4
4 3
-2.3
31
-2.9
-2.0
-3.1
n.a.
n.a.
70.1
73.9
71.9
63.5
71.3
74.1
78.8
78.8
72.4
-2.3
72.4
1.5
69.6
2.3
59.8
3.7
68.8
2.4
73.2
.9
76.6
2.2
77.0
1.7
—1 5
-.5
n.a.
-1.7
-2.6
-1.5
2 6
-1.8
SUEVEY OF CUKEENT BUSINESS
10
May 1962
Employment Changes by Legal Form, 1957-60
are essentially continuations of longterm trends.
The 350,000 increase in government
Institutions, States and Localities Pace Rise—Growth of Non- employment since 1957 was the net
farm Proprietorships Offsets Declines in Corporations and effect of a strong rise in State and local
Agriculture
government employment (630,000), a
drop in military strength, and a leveling
OF a population of 181 million in I960, ployment, which because of its indus- off in Federal civilian employment.
67% million persons—or 3 out of 8— trial composition is particularly These recent-period developments are
participated in the production of goods sensitive to swings in the business cycle, in contrast to the rapid expansion in
and services. Of this number, 54 mil- declined nearly 200,000 from 1957 to Federal workers and the moderate adlion were in the business sector; 9K 1960. At the same time, the number of vance in State and local government
;
million were employed by government; farm proprietors in the Nation was re- workers from 1929 to the early 1950 s.
They are, however, roughly consistent
and 4 million were paid employees of duced by twice this amount.
households and institutions.
Substantial increases elsewhere— with trends over the past decade, if
The largest of these, the business mainly in the number of nonfarm pro- allowance is made for the direct effects
group, may be further subdivided into prietors and their employees—more of the Korean war.
the 31 million persons working for than offset the decline in corporate
Employment in households and insticorporations; the 9% million proprietors employment and farm proprietors, tutions rose by 300,000 from 1957 to
and partners together with their 11% thereby accounting for the net gain of 1960. This gain stemmed from larger
million paid employees; and 1% million 125,000 jobs noted for the business employment by nonprofit institutions—•
employees of businesses such as mutual sector. This occurred because the a continuation of a trend in evidence
and cooperative organizations, credit areas showing increased employment— since 1929. Employment in private
unions, and government enterprises.
trade and services—were those where households—mainly domestic servThe following discussion focuses on the noncorporate form is significant. ants—was about the same in 1960 as in
the changes in the legal form of employ- The increase in the number of nonfarm 1957 and, also, as in 1948. This reprement that occurred between 1957 and proprietors and their employees and the sents a leveling off in the long-term
1960 and relates them to the longer decrease in farm operators since 1957 decline in employment in households.
term (1929-57) trends noted in the
Table 1.—Persons Engaged in Production and National Income Originating in Nonfarm
November 1959 SURVEY.*
Ordinary Business, by Legal Form of Organization for Selected Years, 1929, 1939, 1947,
From 1957 to 1960, there were threeand 1956-60
2
fourths million persons added to the
1929
1939
1947
1959
1956
1957
1958
1960
number engaged in economic production. Although business employs the
(Data in thousands)
great share of the total, it provided
engaged
46, 216
66 578
46, 605
66 463
64 824
57 652
66 345
67 360
only 125,000 of the total rise. General PersonsFull-timein production, total *
equivalent employees
35, 896
56 717
56 734
55 183
36, 339
47 453
57 664
56, 400
Active proprietors 3
10 320
9 641
10 266
10 199
9 945
9 746
9 696
9 844
government and households and insti29, 734
20, 303
30 762
31 347
Corporate business
31 206
18 680
26 506
31 160
tutions each furnished slightly over
Sole proprietorships and partnerships
20, 456
19, 100
20, 898
20, 807
20, 988
18, 281 20, 916
21, 013
Full-time equivalent employees
8,780
10, 815
11, 152
11,317
10, 963
8,015
10. 717
11, 043
300,000 of the employment increase
Active proprietors __ __
10, 320
10' 199
9 945
9 641
9 746
9 696
9 844
10, 266
over this 3-year span.
806
Other private business
407
562
494
769
796
815
843
886
409
Government enterprises
923
864
503
664
847
898
The small size of the increase in busi9,054
9,097
2,775
General government-. _
._
9,168
5,630
6, 068
8,916
9,400
3,222
3,841
Households and institutions
_
2,931
3,706
3,918
3,016
3,615
4,017
ness employment reflects mainly the
4
4
4
1
5
4
0
4
Rest of the world
incomplete recovery from the 1958 de- Nonfarm ordinary business, total _ _ _
30, 434
45, 145 46, 743
46, 855 46, 996
47, 421
28, 903
40, 637
19, 929
Corporate business
29 538 30 570
26 311 31 014
31 157
18 380
30 970
cline and the continuing decline in the
10, 505
Sole proprietorships and partnerships
15, 841
15, 839
15, 607
16, 173
14, 326
16, 451
10, 523
5,751
9,056
9,419
Full- time equivalent employees
9,314
9,258
9,606
5,588
8,645
number of farmers. Corporate em4,754
Active proprietors _
_ _ __ _
6,754
4,935
6,551
5,681
6, 527
6 581
6 845
1. Table 1 updates the OBE's estimates of employment by
legal form of organization which were presented for the
period 1929-58 in the November 1959 issue of the SURVEY.
The first half of this table is the employment counterpart of
"National Income and Gross National Product by Legal
Form of Organization,"—table 1-12 in the annual income
and product estimates. The lower portion revises the income counterpart that relates to nonfarm ordinary business.
2. Over this period, the number of nonagricultural civilian
employees rose 1.4 million—the same figure reported by the
Bureau of Labor Statistics in their establishment-based
employment series. After adjustment to a full-time equivalent basis, the increase was 1.2 million. Further adjustments for the 0.4 million decrease in farmers and their employees, the 0.3 million decrease in military strength, and
the 0.3 million rise in nonfarm self-employed yields the net
rise of three-fourths million noted above in persons engaged
in production.
(Millions of dollars)
National Income originating in nonfarm ordinary business total
_
Corporate business.__
Compensation of employees
Wages and salaries
Supplements to wages and salaries.
Corporate profits 3 and net interest
61, 082
45, 067
33 597
33 165
432
11, 470
49, 709
36, 065
29 181
27 662
1,519
6,884
143, 852
104, 320
80 922
77 012
3, 910
23, 398
259, 036
194, 826
154 367
143 495
10, 872
40, 459
268, 614
202, 583
162 443
150 302
12, 141
40, 140
261,418
195, 429
159 160
147 085
12, 075
36, 269
290, 830
219 384
173 929
159 920
14, 009
45, 455
300 747
226 093
182 125
166 637
15, 488
43, 968
Sole proprietorships and partnerships
Compensation of employees. _
Wages and salaries
Supplements to wages and salariesProprietors' income 3 and net interest. _
16,015
7,447
7,388
59
8,568
13, 644
6,320
6,057
263
7,324
39, 532
19 743
19, 141
602
19, 789
64, 210
32 336
31, 156
1,180
31, 874
66, 031
33 466
32 165
1,301
32, 565
65, 989
33 734
32, 414
1,320
32, 255
71, 446
36 765
35 158
1,607
34, 681
74, 654
38 861
36 957
1,904
35, 793
1. This series falls short of total man-years of full-time employment, because of the exclusion of unpaid family workers.
2. Consists of sole proprietors and partners of unincorporated enterprises, and of independent professional persons, devoting the major portion of their time to the business or profession.
3. Includes inventory valuation adjustment.
Source: U.S. Department of Commerce, Office of Business Economics.
SURVEY OF CUBKENT BUSINESS
May 1962
11
Supplements, which currently are
nearly five times the 1947 figure, have
doubled as a share of total compensation. Conversely, earnings of wageworkers although increasing by threeReflects Progress in Technology
fourths since 1947, have declined in
relative importance by one-fifth over
the postwar span.
Compensation of manufacturing emAs shown in table 3? the increasing
MANUFACTURING accounts for
almost one-third of the Nation's output; ployees totaled $97 billion in 1961, of importance of salaries in the total wage
employs one-fourth of the workers; and which 11.8 million wage earners received bill has accelerated sharply in recent
pays one-half of all corporate income $56% billion, and 4.1 million salaried years. Total wages paid in 1961 were
taxes. Average earnings per full-time personnel, $31 % billion. Supplements only slightly (2% percent) above those
factory employee in 1961 were $5,503, to wages and salaries accounted for the
compared with $4,610 for all other remaining $9 billion. Average annual MANUFACTURING PAYROLLS
industries. Output per man-hour in the earnings of wage workers amounted to
Salary Portion of Total Payrolls Rises Steadily
industry with its large complement of $4,778, while salaried persons, which
complex capital resources of constantly- includes an increasing percentage of Percent
increasing efficiency is high and pro- those with high technical training, 40
received $7,592 per capita. Suppleductivity has increased rapidly.
Salaries as a Percent
ments averaged $569 per worker. Due
of Wages and Salaries
EMPLOYEE COMPENSATION IN
to a lack of data no allocation of suppleMANUFACTURING, Through First Quarter
ments is made between salaried em- 30
1962
ployees and wage workers.
Growth Has Been Large, With Cyclical
Among individual industries, the
Interruptions, in Both Money and Real Terms
relationships between salaries, wages,
Earnings of Wage Workers Have Risen Most,
i i i I i i i i i i
and supplements vary greatly. As 20 I 1 i i i
With Fringe Benefits Supplementing Both
Wages and Salaries
shown in table 1, the ratio of wages to
Largest Relative increases Occur in Durable
Goods Industries
Billion $
total compensation in 1960 is less than
40
50 percent in industries such as petro100 — Total Compensation
leum, chemicals, electrical machinery,
(Wages, Salaries
& Supplements)
and instruments—all industries where
Nondurable Good
scientists, professionals, and skilled
80 technicians are particularly important. 30
Conversely, wages account for more
60
Durable Goods
than 70 percent of total compensation
in textiles, lumber, tobacco, apparel,
40
and leather-goods manufacturing—in- 20 I t I i
I I I I
I I I i I i I
dustries in which the wageworker pre- 1947 49 51 53 55 57 59 61 63
Fringe Benefits:
—
62-5-7
dominates. Supplements, or fringe U.S. Department of Commerce, Office of Business Economics
20
Supplements to Wages & Salaries
benefits, vary from 6 percent to 27
.••••»• '••••°
percent of total compensation among paid in 1957. Salaries, however, were
' WT'fM'T'T I I I I I I I I I I ! I
up more than one-fifth. The shift in
the major manufacturing industries.
Relatively, the Largest Expansions Have
In the postwar expansion in manu- employment is even more marked.
Occured in Salaries and in Supplements
facturing, all three components of total From 1957 to 1961 the number of wageor Fringe Benefits
compensation have increased consider- workers declined nearly one-tenth, while
Index, 1947-49 = 100
ably but at sharply differing rates. salaried employees increased 5 percent.
500
Fringe Benefit-s:
Only in average earnings per emThese movements are summarized in
Supplements to Wages
the accompanying chart.
ployee was there near equality. Over
& Salaries
40
0
Salaries—now almost triple their the past 4 years, average annual wages
Total
Compensation
1947 total—have increased as a share of rose 12 percent, while average annual
(Wages, _
Salaries
300
Salaries
total compensation by about one-third. salaries moved ahead 16 percent. Over
& Supplements)
Although nearly every individual in- the longer span from 1947 to 1957, the
200
dustry shared in the rise, the largest increase in average earnings of wagerelative gains were in the durable goods workers has substantially exceeded that
industries.
The persistent upward of salaried employees.
100
60
65
55
1947 50
trend in salaries throughout the postAlthough the importance of salaries
war period is clearly evident from the as a percent of total payrolls has in®lst quarter 1962, Seasonally Adjusted, at annual Rate
U.S. Department of Commerce, Office of Business Economics
62-5-6
creased sharply during the 1957-61
lower panel of the chart on this page.
Advance in Salaries as Portion of Maniifacturin^ Payrolls
\
i
SURVEY OF CURRENT BUSINESS
12
period, these developments, it should
be noted, reflect mainly the impact of
the business cycle. This is evident
from the 1958-61 comparisons in table
3, Between these two years, both
affected by recession and recovery,
salaries increased only about twice as
fast as wages, a rate generally in line
with the overall trend for the long-term
period 1947-61. Employment moved
up with salaried workers increasing 7
percent against a wageworker increase
of 1 percent. The 1957-61 developments are pointed out here because of
the tendency for the shifts from wages
to salaries which develops during the
down phase of the cycle to become
a permanent part of the wage structure.
ers—persons paid on a salary basis.
Between 1952 and 1961, the Bureau of
Labor Statistics7 occupational data
indicate that the number of such workers in manufacturing increased by 69
percent, as compared with a 3-percent
rise in total factory employment.
As shown in table 4, the four groups
of workers that constitute salaried
personnel have expanded from one out
of four of the factory labor force in
1952, to the present one out of three.
An offsetting decline occurred in the
three groups of wage earners.
Expansion of research activities has
been a major factor in the increasing
need for salaried workers. Technological demands have called for an
increasing number of scientists, engineers, and technicians, thereby contributing to the rise of professional
employment in manufacturing industries. At the same time, technological
progress and high capital investment
per worker have made possible a
considerably larger output without a
commensurate increase in the number
of workers required to turn out the
products. The postwar trend in salaried workers seems to have been
accelerating, and it appears evident
that this trend will continue into the
future.
Professional jobs increase
A major factor in the relative growth
of the salaried worker group has been
the expansion in employment of professional, technical, and kindred work-
Table 1.—Wages, Salaries and Supplements as a Percent of Total Compensation in Manufacturing, by Industry, 1948, 1957, and 1960
Wages
1948
Salaries
1957
1960
1948
Supplements
1957
1960
1948
1957
1960
71.5
62.8
59.3
24.1
29.0
31.4
4.4
8.2
9.3
64.5
__ _. 80.5
_
84.4
77.5
59.1
70.9
78.7
72.4
56.7
70.9
76.7
71.6
31.1
13.5
12.0
18.4
34.2
17.8
15.4
20.2
35.5
15.5
16.1
19.4
4.4
6.0
3.6
4.1
6.7
11.3
5.9
7.4
7.8
13.6
7.2
9.0
82.3
75.4
74 4
59.9
77.9
69.9
68.7
57.5
78.1
69.2
67 5
57.2
14.1
21.3
21,2
36.9
17.3
24.7
24.3
37.5
16.0
24.3
24.6
36.9
3.6
3.3
4.4
3.2
4.8
5.4
7.0
5.0
5.9
6.5
7.9
5.9
61.4
59.8
71.7
77.2
49.7
45.9
67.1
76.5
47.2
43.7
61.6
71.5
32.6
25.6
24.6
19.1
40.2
28.8
24.2
18.2
41.6
29.3
28.3
22.0
6.0
14.6
3.7
3.7
10.1
25.3
8.7
5.3
11.2
27.0
10.1
6.5
Stone, clay, and glass products
Primary metal industries _
_ _
Fabricated metal products, including ordnance
Instruments
77.3
78.9
•_ 72.0
62 8
70.1
68.8
63.4
52 6
67.2
63.9
59.3
47.0
18.8
17.2
24.2
32.1
22.3
20.4
29.9
38.6
24.2
24.2
32.8
43.0
3.9
3.9
3.8
5.1
7.6
10.8
6.7
8.8
8.6
11.9
7.9
10.0
Miscellaneous manufacturing
Machinery except electrical
Electrical machinery
Transportation equipment, except automobiles _ _
Automobiles and automobile equipment
70.5
68.5
62.1
_ _ _ _ _ _ 69.7
75.0
63.1
60.1
55.3
57.8
67.5
62.6
56.2
48.7
51.7
63.4
25.7
27.7
31.5
25.9
21.4
30.8
32.8
36.4
35.4
19.6
30.4
35.7
41.8
40.6
22.4
3.8
3.8
6.4
4.4
3.6
6.1
7.1
8.3
6.8
12.9
7.0
8.1
9.5
7.7
14.2
Total
IFood and kindred products
Tobacco manufactures
__
Textile mill products ^ ,_
„._ .
Apparel and other finished fabric products
_
_
„
Lumber and wood products, except furniture
^Furniture and fixtures
Paper and allied products
Printing, publishing, and allied industries
Chemicals and allied products
Products of petroleum and coal
Unbber products
Leather and leather products
_
__
_
May 1962
Table 2.—-Compensation of Employees in Manufacturing by Industry, 1948-60
[Millions of Dollars]
Wages
1948
1
1949
1950
1951
1952
1953
1954
Salaries
1955
1956
1957
1958
1959
1960
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
34,739 31,939 36,783 43,233 45,952 50, 904 46, 458 51,011 53, 972 55, 187 51,046 56, 202 57, 168 11,720 11,921 12, 610 15, 044 17, 008 18,977 19, 619 21,241 23, 734 25, 457
Total
2 Food and kindred products. _ 2,942 2,942 3, 190 3,399 3,547 3,730 3, 714 3,822 4,114 4, 197 4,223 4,389 4,504 1,417 1,472 1,464 1,723 1,825 1,974 2,097 2,252 2,347 2,428
224
234
254
274
182
247
251 260
173
209
265
288
29
178
37
42
41
33
43
45
42
44
63
3 Tobacco manufactures. _ __ _
3,091 2,733 3,106 3,173 3,057 3,056 2,677 2,869 2,931 2, 823 2,640 2,959 2,922
439
463
513
539
554
4 Textile mill produces
418
515
546
555
550
5 Apparel and other finished
fabric products
2,319 2,250 2, 443 2,421 2,530 2,651 2,549 2,730 2,904 2,919 2,834 3,126 3,181
550
509
509
654
671
737
748
747
788
815
6
7
8
9
10
ii
12
13
U
IS
16
17
Lumber and wood products,
except furniture
__ 1,604 1,384 1,691 1,939 1,909 1, 945 1,800 2, 007 2,056 1,833
950 1,015
Furniture and fixtures
756
890
936 1,057 1,123 1,135
688
868
Paper and allied products
1,169 1,130 1,339 1,493 1,522 1,689 1,728 1,862 2,003 2,071
Printing, publishing, and
1, 562 1,619 1,769 1,885 2,038 2,179 2,238 2,375 2,583 2,698
allied industries
1,803 2,069 1,985
1,113 1,232 1,229
2,103 2,316 2,399
275
213
333
2,789 2,940 3,122
961 1,038 1,047 1? 148 1,213 1,346 1,452 1,548 1,644 1,759
Chemicals and allied prod1,536 1,480 1,646 1, 928 2,030 2,223 2,198 2,339 2,527 2,626 2,596 2,767 2, 885
ucts
_
_
Products of petroleum and
877
867
909
coal
_
690
829
845
913
949
942
688
730
807
907
814
912 1,058 1,041
777
957 - 958 1,013
Rubber products
605
540
655
760
8SO
944 1,020
821
899
923
780
825
877
948
995 1,009
Leather and leather products745
983
Stone, clay, and glass products
-_
Primary metal industries
Fabricated metal products,
including ordnance
Instruments
18 Miscellaneous
ing ___ __ ___
manufactur-
279
234
334
285
255
34.5
337
287
426
368
301
477
326
311
528
347
321
556
392
358
627
416
380
698
408
401
733
816
852
905 1,121 1,270 1,456 1,563 1,684 1,917 2,127
295
208
193
297
209
188
297
213
179
1,231 1,150 1,341 1,589 1,543 1,692 1,646 1,864 1,985 2,002 1,979 2,201 2,238
3,467 2,969 3,572 4,467 4,352 5,051 4,254 5,315 5,624 5,774 4,881 5,305 5,421
299
757
315
774
337
399
433
469
480
523
596
636
871 1,021 1,165 1,254 1,228 1,346 1, 577 1,710
2,501 2,207 2,710 3,294 3,723 4,450 3, 842 4,142 4, 236 4,400 4,093 4,553 4,706
935
949 1,038 1,049
464
733 839
870
907
973 1,027
520
550
840
266
858
283
907 1,114 1, 363 1,544 1, 585 1,698 1,911 2,079
322
380
434
503
533
577
692
754
984 1,079 1,102 1,272 1,200 1, 249 1,390 1,382 1,374 1, 485 1,510
344
348
382
1,830 1,562 1,926 2,536 2,909 3,396 2,982 3,246 3,556 3,680 3,402 3,989 4,110
929
927 1,019 1,186 1,395 1,648 1.662 1,830 2,142 2, 425
1,234 1,170 1,153 2,030 2,887 3,370 3,133 3,094 3,444 3, 886 3,437 3,432 3,230
459
480
518
810 1,185 1,471 1, 540 1,709 2,138 2,384
2,015 2,103 2,584 2,841 2,842 3,570 3,001 3,818 3,367 3,479 2,701 3,242 3,511
575
578
664
755
945
853
355
253
187
410
414
288
194
443
450
315
208
499
473
317
212
526
509
341
227
603
546
362
233
622
597
366
240
674
19 Machinery, except electrical.. 3,769 3,084 3,523 4,935 5,406 5,766 4,944 5,289 6,025 6,033 5,104 5,865 5,947 1,522 1,495 1,591 1,921 2,173 2, 352 2,424 2,586 3,051 3,299
m
%i
Electrical machinery
Transportation equipment,
except automobiles
__
22.. Automobiles and automobile
equipment __
840
991
979 1,088 1,075 1,009
SURVEY OF CURRENT BUSINESS
Mav 1062
13
mand for the products of the assembly
lines.
These differences in the cyclical beChanges in wages and salaries during
havior of wage and salary payments
the decline and recovery phases of the
business cycle bring into clearer focus show up clearly in the top panel of the
the increasing role of salaries in the chart on page 11. During each recestotal wage bill and the resulting in- sion period—1949, 1954, and 1958—the
creased stability in overall payrolls. percentage share of salaries rose steeply;
Salary payments have increased every in each ensuing recovery year, the share
year since 1946, both in periods of fell as the employment of wage workers
cyclical decline and recovery. The increased and wages paid moved up
postwar rise in wage disbursements, in. sharply from the recession lows. This
contrast, has been interrupted in each movement is obscured in the 1960-61
recession period, as wage workers were downturn because of the comparatively
and salaries
laid off in response to decreases in de- mild decline in
generally, and because the impact of the
recession was felt in roughly equal
degree in both 1960 and 1961.
Although the rate of increase of
salaries and salaried employment has
been slowed by the postwar cyclical
downturns, fluctuations in salaried employment have been minor as compared
with those of wage workers. The comparative stability in the face of declining
output stems from several factors,
including the shifting character of output with higher requirements for special
skills; the relative scarcity of skilled
(Continued on page 20)
Table 3.—Salaries, Wages, Number of Wage and Salaried Workers, and Average Annual
Earnings in Manufacturing, Selected Years 1947-61
Table 4.—Percent Distribution of Persons
Employed in Manufacturing, by Major
Occupation Group, 1952, 1957, and 1961l
Salaries rise during cyclical
turns
down-
Full-time equ valent
employees (mil ions of
persons)
Payrolls (billions of
dollars)
Total
1947
1957 ..
1958
1961 .. .
42 5
80. 6
76. 7
87.8
_.
_
Wages
Salaries
31.8
55. 2
51.0
56. 5
Wageworkers
Salaried
workers
Total
12.7
13.0
11.7
11.8
Total
2.5
3.9
3.8
4.1
2,793
4,781
4, 939
5, 503
15.2
16.9
15. 5
15.9
10.7
25.5
25.7
31.2
Average annual earnings
per full-time employee
(dollars)
Wages
4,321
6,539
6,698
7,592
2,495
4, 253
4, 363
4,778
to
to
to
to
1957
1961
1961
1961
89.8
8.8
14.4
106. 5
_
73.7
2.5
10.8
78.0
10.9
-5.5
2.7
4.8
137.3
22.6
21.7
191.0
56. 8
5.6
7.4
65.6
1.9
—8. 8
1.1
-7.0
71.2
15.1
11.4
97.0
70.5
12.3
9.5
91.5
51.3
16.1
13.3
75.7
1957
1961
100.0
100.0
100 6
Professional, technical, and kindred
workers
Managers, officials, and proprietors. _ _
Clerical and kindred workers.
Sales workers
Total salaried employees
5 4
5.2
11.5
2.4
24.5
7 4
5.4
12.1
2.8
27.7
88
6.5
12. 4
3.7
31.4
Craftsmen, foremen, and kindred
workers
Operatives and kindred workers
Laborers and service workers
Total wage earners
19.8
45.5
10.2
75.5
19.4
43.9
9.0
72.3
18.8
42.2
7.6
68. 6
Total
Salaries
Percentage change
1947
1957
1958
1947
1952
1. Includes wage and salaried workers, self-employed
persons, and a small number of unpaid family workers.
Source: U.S. Department of Labor, Bureau of Labor
Statistics.
Source: U.S. Department of Commerce, Office of Business Economics.
Table 2.—Compensation of Employees in Manufacturing by Industry, 1948-60—Continued
[ Millions of Dollars]
!
1
1
Salaries— Con.
1959
1958
1960
Total compensation
Supplements
1948
1949
1950
1951
1952 1953 1954 1955 1956
1957 1958
1959
1960
1948
1949
1950
1954
1952
1953
1954
1955
1956
1957
1958
1959
1960
i
25, 655 28,518 30,243 2,145 2,264 3,142 4,141 4, 431 4,928 5,012 5, 727 6, 379 7,209 7,025 8, 20 18, 957J 48,60446,12-452,535 62, 418 67,391 74,809 71, 089 77, 979 84, 035 87, 853 83, 728 92, 92 196,388
2, 642 2, 826
59
63|
594
614
556
201
13
133
215
15
127
254
17
175
304
20
195
317
19
186
331
22
188
367
25
188
403
26
203
419
40
208
475
40
213
491
44
205
841
124
132
166
187
198
217
222
253
276
298
297
! 2,441
1
59
794
863
554
50
250
618 4, 560 4, 629 4,908 5, 426 5,689 6, 035 6,178 6,477 6, 880 7, 100 7, 155 7, 585 7, 948
301
322 349
55! 215
271
354
286
226 '236
313
363
383
406
272 3,663 3,278 3,744 3,882 3,756 3,783 3, 410 3,626 3,694 3, 586 3, 404 3,803 3,808
354
399 2, 993 2,891 3, 118 3,262 3, 399 3,616 3, 508 3, 730 3,968 4, 032 3,925 4,321
1
2
3
4
4,443J 5
1
406
431
874
69
33
70
61
34
77
83
46
96
96
56
126
94
60
129
90
61
146
95
65
159
112
76
175
116 112
81 1
88
196 210
110
87
219
139
103
255
159 1,948 1, 724 2,060 2,372 2, 371 2, 361 2, 242 2,511 2, 588 2, 353 2, 293 2, 698 2, 541
115 1 , 002 956 1,169! 1,233 1,311 1,387 1,322 1,491 1,584 1,624 1,575 1, 749 1, 775
283 1,572 1, 541 1, 78!) 2,045 2,128 2,363 2,443 2,664 2, 897 3, 014 3,074 3, 393 3, 556
6
1,763 1,901 2,011
1
1
2,190 2,369 2,538
84
95
112
133
139
153
164
190
208
237
248
284
323 2,607 2,752 2, 928 3,167 3,390 3,678 3, 855 4, 113 4,435 4, 694 4,800 5, 125 5,456
9
273
288
321
379
397
446
534
557
624
685 2, 503 2, 505 2, 752 3, 322 3,588 4,000 4,140 4, 420 4, 890 5,287 5, 343 5,760 6,108 10
562
158
83
559 1,154 1, 186 1,214 1,453 1,578 1 72^ 1,730 1,770 1,880 2,070 2,051 2, 109 2, 074 11
170 1 814
778
918 1,090 1,181 l', 288 1,173 1, 395 1,428 1,510 1,432 1,665 L689 12
89 1, 010
971 1,047 1,062 1, 146 1,183 1,142 1, 237 1,292 1,319 1,272 1,403 1,374 13
i
380
"$75
!
752
•;
'
i
!
400
414
822
151
173
201
608
478
302
169
31
37
201
29
38
187
50
47
291
77
50
804
029 746
1,635 1, 932 2, 049
63
169
65
187
87
420
120
514
2,146 2, 450 2, 602
961
"
^ 877
132
42
145
47
210
59
292 j
80 1
310
91
I
731'
611
680
3,12C| 3.554 3,777
2, 565 3, COS 3, 533|
51
208
190
51
202
190
68
265
232
80
408
327
81
458
2, 444 2,628 2, 534!
78
76
83
142
1,125 1,19( 1,237:
97
104
284
370
605
391
262
605
449
300
8
394
97
62
421
108
64
524
131
70
537
129
66
152 182
5 SO 705
198
790
217
907
219! 262 288 1,593 1,530 1,765 2,108 2, 098 2, 303 2,278 2, 569 2,779 2, 855 2,827 3,209 3,330 14
822 942 1,014, 4, 393 3, 931 4,861 6, 002 6, 060 6, 895 6, 062 7, 366 7,992 8,391 7,338 8, 179 8, 484 15
344
103
333
110
384
125
425 1
141 j
4G8
172
470
172
555
202
622i 3, 473 3,210 3, 827 4, 700 5,396 6.338 5,760 6, 224 6, 573 6, 947 6, 709 7, 558 7, 930 16
223| 823
794
931 1,193 1,361 1,541 1,513 1,609 1,806 1,953 1,889 2,117 2, 233 17
i
91
488
421
94
475
379
1091 121
538 655
430 48S
133
712
551
133
651
555
154
787
704
168; 1,340 1, 252 1,433 1,569 1,621s! 1,802 1,820J 1,961 2,133 2.189 2. 156 2,319 2,410 18
857: 5, 499 4*, 781 5.37917,264 8,037 8, 6 ')til 7, 843 8,413 9,73110,044 8, 881 llO, 206110. 581
19
801 2,919 2,678 3,177 4,049 4,076 5,465 5, 023 5, 500 6,185 6,656! 6,522 7,758 8, 444 • 20
194
236 j
251
300
372
451
433
470
481 !. 1.771
363
444
430 | 566
606
G63
580
706
785:
335 395
79
93
53) 52
|
122 142
543 590
<>'79
412
79
53
i
1,726 1,753 2,982 4,266 5,077 4, 924 5,103 5,953 6,724 6,314! 6,536 6, 245 21
2, 687 2, 785 3,532 3,966 4, 045 5, 005 4,410
5,472! 5,048 5,1511 4,406 5,138 5, 533 22
i
BY JOHN A. GORMAN
Capital Formation, Saving, and Credit
Financing of Investment Facilitated by Higher Flow of Corporate Internal FundsBanks Supply Greater Credit Volume-Interest Rates Vary Over Narrow Range
c
APITAL formation continued to rise
in the first quarter of 1962, to a seasonally adjusted annual rate of $77 billion;
up $17 billion over the first quarter of
1961, the low point of the 1960-61 cycle.
Reflecting the cyclical recovery of profits, retained earnings of corporations
rose about $6 billion over the period,
and capital consumption allowances accounted for another $2 billion rise in
internal funds. These two advances
were equivalent to about one-half of the
increased requirements for domestic
investment.
The increased needs of businsss for
capital were partly offset by reduced
requirements of Government, and there
was a small increase in personal savings.
CORPORATE INVESTMENT AND FINANCING
Plant and Equipment Outlays Not Yet Back to
Previous Peak . . .
As compared with earlier periods of
rapid economic advance, the banking
system has been in an easier reserve
position to meet expanded calls for
credit, and the inflow of funds to other
major lending institutions was up
moderately. In these circumstances,
lending institutions were in a position
to meet the calls made on them with
ease.
Interest rates showed little tendency
to rise during 1961; and so far this year
they have eased off somewhat. For the
year 1961, there was a moderate step-up
in the growth of public and private debt,
with higher intercorporate trade credit
accounting for most of the increase.
The expansion in investments, the positions of lenders, and the factors affecting interest rates will be reviewed in
turn.
Billion $
Business fixed and working capital up
40
Despite the recent improvement, the
dollar volume of business capital outlays
in the first quarter barely exceeded the
1957 peak. After allowance for price
increases, which have been relatively
sharp in this area, first quarter outlays
were somewhat below the 1956-57
levels. In the 1959-60 advance, capital
formation at its peak fell short of the
1957 high. Investment amounted to
9 percent of GNP in the first quarter of
1962; this is the same as the 1958-61
average but compares with 11 percent
for the 1956-57 period.
Plant and equipment outlays turned
upward earlier in the course of the present economic advance than they had
during previous upturns. The rate of
increase since the trough of the business
cycle for this reason has been somewhat
greater than that observed in comparable economic periods in the past.
The weakness in business capital outlays since 1958 centers largely in the
durable goods manufacturing and public
utilities industries. Outlays in the
30
Plant and Equipment
\
20
10
0 I
I I I I I I
I I ! I I
I I I i I 1
Internal Funds Are Up and Recourse to External
Funds Little Changed
40
30
Internal Sources
20
1946
1950
U.S. Department of Commerce, Office
http://fraser.stlouisfed.org/
14
Federal Reserve Bank of St. Louis
1955
of Business Economics
1960
62-5-i
former industry are nearly 15 percent
below their 1957 peak despite a good
recovery since reaching their 1961 low
in the third quarter. Public utilities7
outlays continued to decline through
1961 and into the first quarter of 1962,
and are more than 20 percent below
their 1957 level. The boom continues
in outlays for commercial and related
establishments which have risen sharply
following a mild 1960-61 decline and
are currently one-fourth above the
1957 level.
Inventory purchases increased markedly last year as they normally do in the
early stages of economic expansion;
over the past 12 months, corporations
have added $5 billion to their working
stocks. The demand for such working
stocks during the first quarter of 1962
was stimulated by steel consumers
hedging against a possible strike, and
such stocks are currently being reduced,
Financing business investment
Business investment has been financed principally lay an expandec
volume of internal funds, though there
was some increase in borrowing b}
corporate and noncorporate enterprise
The economic advance was reflectec
in a rebound of $13 billion in corporate
profits before taxes from the firsi
quarter of 1961 cyclical low to the
opening quarter of the current year
The increase carried the before-ta:
total somewhat above the 1959 peal
and $4 billion above the 1960 high o
$48 billion, but with dividends increas
ing over the period, retained earning
have not yet regained the 1959 peak
The retained earnings advance, to
gether with a $lX-billion rise in depre
ciation charges, financed the bulk o
the corporate needs for funds and ther
was only a moderate recourse to addi
tional outside long-term financing.
Corporations did add about $8 billioi
to their short-term liabilities during th
May 1962
past 12 months; but practically all of
this was trade payables to other corporations. Similar spurts in intercorporate payables have featured the early
stages of each of our postwar advances,
when corporate inventory accumulation
ran at high rates. There was little
increase in bank debt or in corporate
demands on the long-term capital
markets.
Net new issues of bonds and notes
during the most recent 12 months were
up less than $1 billion over the preceding year, and were still $2 billion below
the all time highs reached in 1956-57.
There was little change from a year
earlier in the volume of new stock
issues for either the quarter or, apart
from an issue by a large communications firm, the most recent 12 months.
Investment off since 1956—57
SURVEY OF CURRENT BUSINESS
15
spending for autos and other durable
goods expanded again in the spring
months. Mortgage recordings have
also risen sharply in recent months.
In general, the course of consumer
borrowing has followed a pattern similar to the associated outlays; after a
year of stability, near-record volumes
are currently being added to such
obligations.
Extensions of installment credit were
down $1^2 billion for 1961 as compared
with the $49 billion extended in 1960.
Repayments of installment debt increased by $1K billion; the net expansion in outstanding debt totaled only
$K billion, in contrast with the $3%
billion registered the year before. For
the first 3 months of 1962, installment
credit was extended at an annual rate
of $51 billion, a $5 billion increase over
the first quarter of last year, while
debt repayments are up only $2 billion.
The surge in automobile credit, which
began late in 1961 and has continued
up to the present, stemmed largely from
the sales rise as it was accompanied by
no significant reductions in downpayments or lengthening of maturities.
Mortgage credit market
The volume of new- and used-home
buying moved up moderately last year,
but still remained well below the all time
high of 1959. Gross mortgage borrowing moved up in line with the purchases
of dwellings. Following a dip in activity in the winter months, housing
starts and mortgage recordings have
recently moved up again.
With financial conditions relatively
easy so far this year, advance indicators
of mortgage activity are running at
close to alltime highs. Advance mortgage loan commitments by savings and
loan associations and mutual savings
banks at the end of February were about
two-fifths above the same date a year
ago, while applications for FHA insurance were running at 15 percent higher
than a year ago. Also, despite increases
in the interest rates paid by banks and
savings and loan associations, the rates
on mortgage debt continued to ease
slightly during the first months of the
present year.
The corporate investment and financing pattern just reviewed was similar
to that of other periods of rapid economic advance. As compared with
the 12 months ended June 1957, however, the dollar volume of investment
in fixed business capital was off $lK
billion, while internal funds were up
Table 1.—Sources and Uses of Corporate Funds, Annual, 1958-61; Half Years, 1958-61]
some $4 billion. Inventory investment
(Billions of dollars)
was about the same during both periods,
as was the volume of customer credit
1st half
2nd half
1961
1959
1958
extended. On the sources side, the
1960
1959
1958
1961
1959
1960 1961
1958
1960
greater volume of internal funds at a
time of lower investment requirements
21.9
31.6
Sources total
21.7
26.8
27.8
12.6
26.9
19.9
54.7
43.6
51.5
39.5
was reflected in a sharp decrease in
Internal sources, total
32.1
15.9
14.1
14.6
16.8
11.9
14.7
26.0
30.6
30. 3
15.6
15.3
external financing. Last year, corpo4.4
Retained profits 3 _ _ _ _.
7.4
3.1
1.9
5.3
3.8
3.7
9.1
7.7
4.3
3.3
5.7
12.4
Depreciation
10.6
10.3
10.9
11.6
24.4
22.9
21.5
12.0
20.3
10.0
11.3
rations added $2K billion to liquid
9.6
9.5
assets while in fiscal 1957, they sold External long-term_ sources, _totaL 11.0 3.7 3.0 10.9 5.6 4.6 4.5 6.0 5.2 5.1 5.2 4.8
Stocks
___ __
2.1
1.4
1.7
1.8
3.6
4.5
1.6
2.8
1.6
1.8
Bonds
5.0
2.4
3.2
2.0
2.6
2.3
5.1
1.8
2.7
59
4.1
3
'1
over $1 billion.
.7
.8
1.2
.8
.6
.9
.5
1.3
Other debt
1.5
1.6
1. 7
Personal Finance
Individuals did not play so stimulating a role during the early portion
of the current recovery as they did
during earlier postwar upswings.
Whereas, in earlier recoveries, there
had been a reduction in the savingincome ratio, last year the rate of
saving remained high. Consumer borrowing remained low through most of
1961, arid mortgage recordings moved
up less than during previous periods of
economic recovery and advance. There
was, however, a sharp rise in the fourth
quarter. Following some hesitation in
January and February, consumer
Short-term sources total
Bank loans
Trade pa va hies Federal income tax liabilities
Other
7.5
1.9
1.9
3.2
8.1
3.0
3.2
1.8
.1
2.1
.4
.9
.9
-.1
9.9
1.8
4.8
If). 5
26.8
26.0
21.3
29.0
18.5
14.6
3.9
15.2
14.7
.5
13.2
13.4
-.2
16. 0
14. 9
1.1
1 5. 2
16. 1
-.9
17.0
15.7
1.4
8.6
6.2
(4)
6.1
1.4
3.7
2
3' 9
4.3
2.7
16
4.3
13.7
5.9
1.3
4.6
10. 0
6. 0
2.6
3.4
6.1
4.0
1.9
2.1
11.9
7.0
2.0
5.0
-4.4
-.5
.4
-1.5
-4.4
-2.6
-1.1
-.8
7.1
3.0
3.2
1.3
1.3
2.4
3.7
3.9
-3.9
1.2
1.9
2.0
-1.8
2.1
0
4.1
.7
1.9
.8
-1.1
.8
-.1
1.3
-1.9
-.6
-2.6
2.7
—.4
3.8
-2.5
1.8
14.6
3.5
6.7
2.4
2.0
3.7
1.5
2.2
-1.5
1.5
8.5
.8
5.5
.6
1.7
4 9
-2.3
1.9
-5.8
1.3
6.4
.5
3.5
.5
1.9
1.6
1.1
1.3
-2.4
1.6
-1.4
-1.0
35.3
51.9
41.2
48.5
8.4
25.9
19.9
Increase in physical assets, total
Plant and equipment
Inventories (oook value)
24. 0
26.4
-2.4
33.4
27.7
5.7
33.8
30.8
3.0
32.2
30.4
1.8
10.9
13.0
-2. 1
17.4
12.8
4.6
Increases in financial assets, total
.Receivables
Consumer
Other
Cash and U.S. Government
securitiesCash (including deposits)
U.S. Government securities
Other assets
11.2
6 7
7^0
18.5
12 2
2.6
9.6
7.5
7.7
1.7
6.0
16.3
9.6
.4
9.2
-2.4
.8
1 6
2.3
2.6
2.5
3.6
— .2
-3.1
-.2
2.6
3.0
.1
1.9
3.8
2.7
-2.9
2. 9
4.0
-4.2
-2.8
— 2.4
-3.0
Uses total
Discrepancy
sources)
(uses
less
A
-4.2
Q
-1.8
-2^1
1.0
(4)
'.7
1. Data for 1946-55 may be found in Table V-10 of U.S. Income and Output. 1956-57 estimates are in table 35 of July 1961
S'lirret/.
2. Excludes banks and insurance companies.
3. Includes depletion.
4. Less than $50 million.
Source: U.S. Department of Commerce, Office of Business Economics, based on Securities and Exchange Commission
and other financial data.
SURVEY OF CURRENT BUSINESS
Mav 1962
As a result of these operations, the
record. However, the latest statistics
on State and local debt included in the volume of Treasury securities due
table on public and private debt refer within 1 year moved up $10 billion,
The Federal Government ran a deficit
to June of last year and do not reflect while those due in 20 years or more
throughout 1961 and into the opening
the high rate of borrowing during the increased $2 billion. Similar policies
months of the current 3Tear. For 1961
have been followed so far in 1962.
past 9 months.
as a whole, the deficit on income and
With bank reserves plentiful throughproduct account totaled $4 billion, Federal borrotting operations
out last year, commercial banks inalthough during the year it was being
Federal borrowing operations since
creased their holdings of Federal securiprogressively reduced to an estimated early 1961 have been influenced by
ties by about $5 billion. In contrast
seasonally adjusted annual rate of $2 three main objectives: Raising shortto 1958-59, when commercial banks had
billion in the first quarter of this year. term interest rates to reverse the foreign
invested heavily in intermediate-term
Federal Government lending operations drain on gold; keeping long-term rates
securities, last year the banks confined
aggregated some $3 billion, and net low to encourage economic expansion;
their purchases largely to the shorter
Federal borrowing from non-Federal and lengthening the maturity of the
o
o
*>
end of the market. Apart from the fact
sources totaled over $7 billion. During public debt without interfering with
that new issues were concentrated there,
the recent advance, the Federal "cash" its other objectives. In working tothis behavior may have reflected some
deficit was more closely alined to the ward these goals, the Treasury used
reluctance to suffer capital losses if
national income deficit than it had been short-term issues to raise the money
business loan demand should expand
needed to finance the deficit, and adduring 1958-9.
this year.
State and local governments stepped vance refunding techniques to push
The Federal Reserve Banks added
up the volume of new security issues back by 18 to 26 years the maturity
about $2 billion to their holdings of
last summer. Gross new issues of of issues due within 10 years. (See
Federal securities in the course of their
municipal bonds during the 12 months chart.)
attempts to keep financial conditions
By confining cash issues to the shortending in March of this year totaled
easy. In line with its policy of easing
$9 billion—the largest amount on and intermediate-term end of the scale,
long-term rates, the Federal Reserve
the Treasury helped exert upward prespurchased about $1.9 billion of securiPUBLIC AND PRIVATE DEBT
sure on rates by adding to supplies,
ties in the 1-5 year range; $0.7 billion
Private Borrowing Leads Debt Rise
thus tending to lower Treasury bill
in the 5-to-10 year range; and about
prices. On the other hand, the term of
Billion $
$0.1 billion of securities due in more
the Treasury debt was extended without
boosting the long-term rate by offering than 10 years. On balance, the Federal
600
holders of 2% percent securities coming Reserve sold or presented for redempdue in 1972 the opportunity to exchange tion more short-term securities than
them at par for securities carrying 3/2 it bought. During previous periods of
Private
Debt
percent interest and due in 1990 or open-market buying, the Federal Re400
serve had largely confined its opera1998.
Financial Position of Government
Tal>!e 2.'—Sources ami Uses of Corporate Funds by Industry, Years F/iided December 31,
1958-61 i
200
Manufacturing and
mining
1939
46
50
55
65
60
Reflecting Strong Demands of Corporations
and Families
Sources, total.
Corporate
Debt
! Transportation other ! Public utilities and
!
than rail
i
communication
Railroads
1958 1959 1960 1961
1958 ! 1959 1960 1961 ! 1958 1959 1960 1961 j 1958 1959 1960 196
17. 0 27.1! 20.3, 24.8
.4
.7
4 . 4 J 7.4! 6.0! 5.9 -.1
10.2: 1Q.7J 11. 4| 12. 0|
.9
Retained profits Depreciation
External long-term 5
sources 4
Short-term sources
400
j
.6
8.3
-.2
Uses, total.
.7
1.6
1.7
1.9
8. 0
7.8
8. 6
.4
.9
1!
l.Oi
o!
1.2] 1,3! 1.4
c
P
o
.5
.4
22. 6 j
.7
1.3
14.5J
200
2.2
.8
2.3
1.8
9.6
2.1
1.3
8.8
.2
Family- Type D e f a f *
D i s c r e p a n c y ( u s e s less
sources)
i | | I I I | !
1939
46
50
55
60
65
December 31
* Family-type debt comprises
t h < \ ( u oidn' h 'i
P I on I
2M 1
1
1- to 4- dwelling units,
l i l t lilt U ^
!''( ') S'inty, st tistits foi
^ f> i
>> t^, bom 1 1 1 < J I f , lO'lJ! t i l l 1 1 H k lOYTN H1O1 1
> In 'udi s1 < i
1
un h pik ] o i s t
< nt o! (.
of Business Economics
1.21
«' ( 'ut i s ( j u li'm
-< L s^ t, u, ^" ) million
consumer credit and
mortgages secured by properties containing
of Commerce, Office
U.S. Department
1 P i 4 it
30, 1°1S hi
0
1.2!
t
d i ~ ^ a l ) J < s I ( It i 1 1 i
01
PI <<> I i < d 11 ->e (.Titles tnd F u b i ig( Commission,
SURVEY OF CURRENT BUSINESS
May 1962
tions to the short-term end of the
market.
Among other investors, the holdings
of individuals, nonfinancial corporations, foreigners and State and local
governments showed little change. Insurance companies and mutual savings
banks continued to sell Treasury seTREASURY FINANCING IN 1961
Featured Short-Term Borrowing
Change in Outstanding Marketable Obligations
by Maturity Classes
I
1
!
;
TOTAL
; Under 1
Year
1 - 5 Years
1 5 - 1 0 Years
c
1 0 - 2 0 Years
i
Over 20 Years
1
-10
Position of Lenders
I
I
5
0
-5
10
15
Billion $
Data: U. S. Treasury
U.S. Department of Commerce, Office of Business Economics
62-5-10
curities on balance, but at a much slower
pace than in other recent years.
State and local borrowing up
Net requirements for outside financing by State and local governments
during 1961 were up moderately from
the previous year; although construction moved up last year, most of the
increase was covered by advances in
Table 3.—Personal Investment and Related
Financing, 1957-61l
[Billions of dollars]
1958
1959
1960
1961
31 1
New nonfarm housing
Noncorporate
inventories and fixed investment
_
31.2
37.3
36 3
35 5
15.6
15.4
19.2
18.4
16 9
15.5
15.8
18.1
17.9
18.5
20 8
25.2
31.4
27.8
31 2
Residential
mortgage
debt, gross of amortization _ _ _
15.5
Business and farm debt. 5.4
17.4
21.7
19.6
22.1
Borrowing
_ _ _
7.7
9.7
8.2
9.1
1. Estimates for the 1946-56 period may be found on p. 15
of the April 1961 SURVEY.
Sources: Securities and Exchange Commission, Federal
Home Loan Bank Board, and U.S. Department of Commerce, Office of Business Economics.
635873°—62- -3
Monetary policy played a major role
in the financial markets last year.
The Federal Reserve bought on balance
approximately $2 billion of Federal
securities, expanding bank reserves by
nearly $1 billion and offsetting a $1
billion gold outflow. Member bank
reserve requirements have been unchanged since late 1960, as has the rediscount rate. During previous economic expansions, the rediscount rate
had been raised at a relatively early
stage to signal the adoption of restrictive monetary and credit policies. The
increase in bank reserves that occurred
during the past 12 months was the
largest since 1952.
Bank credit freely available
1957
Investment
Federal grants-in-aid. Nevertheless,
the favorable climate of the money and
capital markets encouraged advance
financing of construction projects, and
new bonds issued by local governments reached an alltime high of $8%
billion. With interest costs on State
and local government securities continuing to decline in the early part of
the current year, State and local borrowing has moved up sharply and may
reach totals in 1962 comparable to last
year's record.
The principal factor in the accommodation of the sharply expanded volume
of State and local borrowing w^as the
ready market for such securities among
the commercial banks. As in other
periods of monetary ease, the banks
invested a substantial portion of their
expanded lending power in such obligations. With the monetary ease continuing longer than usual, this type of
bank investment was stepped up early
in the current year.
The resultant ease in bank reserve
positions was reflected in a peacetime
record increase in the volume of loans
arid investments held by commercial
banks—$17 billion over the 12 months
ended March 1962. With a relatively
stable loan demand from business and
consumers, the increase was especially
marked in the holdings of short-term
securities of the Federal Government
and long-term issues of State and local
governments.
17
Table 4.—Personal Consumption Expenditures and Related Financial
Flows,
1957-611
[Billions of dollars]
1957
1958
1960
1959
1961
Personal consumption expenditures: Total
285.2 293.2 314.0 328.9 339. 0
Durables only
40.4 37.3 43.5 44.3 42.3
Consumer borrowing 2 2
42.4
Secured by durables _ . 28.1
40.3
25.8
50.2
31.9
48.6
31.5
48.8
30.3
1. Estimates for the 1946-56 period may be found on p. 16
of the April 1961 SURVEY.
2. Gross of payment on installment debt.
Source: Board of Governors of the Federal Reserve System, and U.S. Department of Commerce, Office of Business
Economics.
Table 5.—Persons' Financial Asset Accumulation and Debt Operation, 1957-61 1
[Billions of dollars]
1957 1958 1959 1960 1961
Financial Asset Accumulation -_ 22.7 26.3 30.9 22.6 29.8
Life insurance and pension
reserves _
Insurance reserves
Pension reserves
Other financial assets
8.0
3.5
4 5
8.4
3.9
4.5
8.9
3.5
5.4
9.2
4.3
4.9
9.6
4.5
5. 1
14.7 17.9 22.0 13.4 20.2
Fixed-value claims
8 2 16 1 9 0 11 7 19.6
Currency and demand
deposits
.8
— 1 3 2. 5 — 5 — 1.2
Time and saving deposits
at banks
6.3 7.7 4.1 5.0 8.6
Saving and loan and
credit union shares.
5.2 6.3 7.3 8.1 9.4
U.S. savings bonds,
2
8
series A thru K
-1.9
-1.8
Marketable securities
U.S. Government __ __
State and local government--.
Corporate and other securities
Retirement of amortized
debt
Nonfarm residential mortgages
Consumer installment
credit
.6
6.5 1.8 12.9 1.6
1.5 -1.6 9.8 -.9 - 8
2.2
.8
2.2
1.4
.4
2.8
2.6
.9
1.2
1.0
47 3 48 4 51 1 55 0 57.4
8 2
8 6
9 3 10.0
39.8 40.2 42.4 45.8 47.4
New borrowing 2
63.1 65.9 80.2 78.2 81.0
Residential and business
(table 3)
20.8 25.2 31.4 27.8 31.2
Consumer and security
credit
_ __ 4?, 3 40 8 48 8 50 4 49.8
15.8 17.6 29.1 23.2 23.6
Net increase in debt
13.3 17.0 22.7 18.5 21.2
Residential and business
.6 6.4 4.7 2.4
Consumer and security credit- 2.5
Financial asset accumulation
less increase in debt
6.9
8.7
1.8 -.6
6 3
1. Estimates for the 1946-56 period may be found on p. 17
of the April 1961 SURVEY.
2. Gross of retirements.
Source: Securities and Exchange Commission, Federal
Home Loan Bank Board, Board of Governors of the Federal
Reserve System, and U.S. Department of Commerce, Office
of Business Economics.
On the sources side, demand deposits
rose $5/2 billion and time deposits some
$12 billion. More recently the growth
of demand deposits has ceased, but
time deposits have continued to grow
as banks were allowed to increase the
interest rates paid on them.
Savings flow to other institutions up
With consumer borrowing relatively
stable until late in the year, sales
finance companies showed little net
SURVEY OF CURRENT BUSINESS
18
change in their assets and played little
role either on the supply or demand side
of the capital mark3ts during 1961.
With resumption of borrowing in the
opening months of this year, lending
and borrowing operations of these
firms have been stepped up.
Other types of financial institutions
draw their capital funds mainly from
personal savings.
With renewed
economic advance, all these institutions
reported marked gains in invested
personal savings. This additional inflow permitted both an increase in the
flow of funds into mortgages and a
slowing in the rate at which Federal
securities were liquidated.
FINANCING COSTS CHANGES
Stock Yields and Earnings /Price Ratios Have
Turned Up Recently . . .
as Stock Prices Declined and Profits Rose . .
but Dividend Yield Remains Low
Percent
STOCKS: Industrial Corporations
**>*>•"
/
Dividend Yields
I
Debt Costs Have Not Changed Substantially as
Long-Term Interest Rates Have
Fluctuated Narrowly
BONDS
Industrial Bond Yields
U.S. Government
Bonds
1959
1960
1961
U.S. Department of Commerce, Office of Business Economics
1962
While Federal and State and local
governments were substantial borrowers on balance last year, their lending
operations were not without influence on
the supply side of the capital markets.
The financial asset acquisitions of
State and local governments totaled
well over $3 billion, of which about $2^
billion represented funds accumulated
by State and local employee pension
reserves, while the balance reflected the
temporary investment of the proceeds
of bond issues.
The Federal Government played a
minor role on the supply side of the
capital markets. The Federal Home
Loan Banks advanced $% billion to
savings and loan associations; loans to
farmers continued at the $% billion rate
characteristic of recent years; and foreign lending totaled over $1 billion.
62-5-12
Savings and loan associations stepped
up their mortgage lending by 13 percent
to a pace faster than the growth in new
savings, and increased their borrowing
from the Federal Home Loan Banks.
The flow of personal funds into mutual
savings banks also picked up sharply, as
did their mortgage lending. The major
institutional suppliers of equity
capital—pension funds and mutual
investment companies—continued to
grow last year.
The liquidity positions of businesses
and individuals were substantially enhanced during the last 12 months, as
incomes rose faster than investment or
the purchases of consumer durables.
Corporate accumulation of liquid
assets was especially marked in commercial bank time deposits. This development reflected the generally higher
yields available on bank obligations
than on Treasury bills, as well as the
introduction of negotiable time certificates of deposits.
Individuals also stepped up their
acquisition of liquid claims on financial
institutions; there was little net purchase of marketable securities. The
volume of their investment in liquid
assets was at a rate not reached since
the Second World War.
U.S. Government obligations were well
maintained.
The principal influence of the balance of payments on the U.S. economy
was in the restraints imposed on the
operations of the monetary authorities
by the high volume of obligations held
by foreigners which could be converted
into gold.
Interest Rates
The rise in interest rates during the
recent business recovery was smaller
than during the 1958-59 upswing, but
until recently, was about in line with
that recorded in 1954-55. Most of the
increase in long-term rates occurred
MONETARY CONDITIONS
Rise in Short-Term Interest Rates in Latest
Expansion Started From Higher Level
Percent
Government supplies new credit
**- •»_—•••
I
Business and individual investors increase liquidity
May 1962
TREASURY BILL RATE
0
1
2
3
4
BANK DEPOSITS Have Increased Steadily . .
Billion $
(ratio scale)
250
200
Seasonally Adjusted
150
I
I
I
I
I
With FREE RESERVES Being Maintained Close to
a Half Billion Dollar Level
Foreign holdings of U.S. deposits
Billion $
There was a substantial improvement
in the balance of payments for 1961 as
a whole. Toward yearend, net transfers of gold and liquid dollar assets
stepped up again, but a considerable
improvement in the balance occurred
in the early part of 1962. The decline
in the adverse balance of payments was
matched by a decline of equal magnitude in foreign purchases of gold.
Foreign holdings of bank deposits and
800
400
1954-55
7958-59
-400
J_
I
I
I
1
Quarters After GNP Trough
U.S. Department of Commerce, Office of Business Economics
62-5-11
SURVEY OF CURRENT BUSINESS
May 1962
during the early summer of 1961—as a
record volume of corporate and municipal bond flotations coincided with
indications of vigorous cyclical recovery. Long-term rates stabilized
during the remainder of 1961 and into
the opening months of the current
year; in recent weeks they have eased
off.
Table 6.—Personal Saving and Investment
and Related Financial Flows, 1957-611
[Billions of dollars]
1957 1958 1959 1960 1961
Investment in housing and
noncorporate business
Less: Associated borrowing
Capital consumption allowances
Plus: Financial assets and debt
retirement
31.1 31.2 37.3 36.3 35.5
20.8 25.2 31.4 27.8 31.2
14.7 15.2 15.9 16.6 17.3
and that of 1958-59 were particularly
marked in the case of short-term rates
which showed little increase in 1961-62;
in the summer of 1958, they had moved
up sharply and continued to rise through
the following year.
The present stability persists despite
a volume of calls on commercial banks
for short-term credit accommodation
similar to that of 1958, arid the avowed
intention of the monetary authorities to
increase the short-term rate for balance
of payments reasons. Bank loans to
finance companies and for commercial
and industrial purposes have traced a
similar course in both recoveries; in
each case the outstanding totals have
[Billions of dollars]
70.0 74.7 81.9 77.6 87.3
1. Estimates for the 1946-56 period may be found on p. 20
of the April 1961 SURVEY.
Source: Board of Governors of the Federal Reserve System,
Securities and Exchange Commission and U.S. Department
of Commerce, Office of Business Ecnomics.
With demands for borrowed funds
and the supply of nonbank credit
being substantially unchanged in the
aggregate as compared with previous
advances, the relative steadiness of
interest rates during the recent advance
reflected in large part a greater availability of bank credit. The Federal
Reserve acted to provide bank reserves
sufficient to accommodate a $12 billion
advance in time deposits, and a $5K
billion rise in demand deposits, without
generating substantial pressure on bank
reserve positions. (See chart.)
Also contributing to interest rate
stability during the recent economic
advance was the absence of expectations
that the authorities would shift to a
tighter monetary policy during the
early months of the recovery. In the
summer of 1958, such expectations had
been potent factors in encouraging financial institutions to raise the interest
rates on new loans, as well as in the
rapid rise in market yields.
Short-term rates show little increase
Differences in the behavior of interest
rates between this business expansion
Gross debt
Net debt
23.3 24.7 23.0 19.2 24.6
Total sources of funds
1
Total uses of funds and dis-> 101.1 105.8 119.1 117.7 124.1
crepancy
J
risen about 3 percent in the 12 months
following the trough of the recession.
As compared with the earlier recovery, the open market transactions of
the Federal Reserve System tended to
raise short-term rates. In the 1958-59
period, the purchase of Treasury bills
by the Federal Reserve banks was only
enough to offset reductions in the gold
stock. In the more recent advance, the
System open-market account purchased
over $2% billion of intermediate and
longer term issues, while selling a net
total of $1 billion in Treasury bills: the
offsetting reduction in the gold stock
amounted to less than $1 billion.
The principal explanation for the
Table 7.—Public and Private Debt, End of Calendar Year, 1957-61 * 2
Less: Consumption borrowing. 42.3 40.8 48.8 50.4 49.8
Statistical discrepancy. ._ -.3 .0
.0 -3.7 -1.2
Equals: Personal Saving
19
1957
1959
1960
1961
1957
1958
1959
1960
1961
738.9
6
884.1
936.9
867.3
916.7
987.0 1,029.7 1.078.3
298.8
301.0
313.1
354.2
367.8
384.3
389.3
402.7
232.7
228.6
4.1
243.2
237.2
6.0
241.0
235.2
5.8
248.1
241.8
6.4
301.7
274.9
26.8
310.6
282.9
27.7
321. 9
290.8
31.1
322.1
290.2
31.8
330.2
296.2
34.0
46.7
10.9
35 8
Federal Government and agency 3 4 5
Federal Government
Federal agency. _
847.3
283.6
224.4
219.7
4.7
Total public debt
782.5
271.1
Total public and private debt
State and local governments
State governments
Local governments
1958
50.9
12.6
38.3
55.6
13.7
41.9
60.0
14.5
45.6
65.0
16.2
48.8
52.5
13.7
38.8
57.2
15.7
41.5
62.4
17.2
45.2
67.1
18.1
49.0
72.5
20.0
52.5
467.8
498.9
548.5
583.1
623.8
513.1
548.9
602.6
640.4
675.6
246.7
112.1
134.6
72.6
62.0
259.5
121.2
138.4
75.8
62.6
281.5
129.3
152.2
84.3
67.9
294.8
137.9
156.9
87.3
69.6
311.5
146.3
165.1
92.5
72.6
292.1
134.9
157.2
87.1
70.1
309.5
146.0
163.5
90.9
72.6
335.6
156.0
179.7
101.1
78.5
352.1
166.5
185.6
104.8
80.8
363.3
168.2
195.1
111.0
84.1
12.5
10.4
2.2
.7
1.4
12.2
10.3
1.9
.5
1.4
12.1
10.1
2.0
.5
1.5
11.8
9.9
2.0
.6
1.4
11.8
9.6
2.1
.5
1.6
13.7
11.3
2.4
.9
1.6
13.6
11.4
2.2
.6
1.5
13.5
11.3
2.2
.6
1.6
13.3
11.1
2.2
.6
1.6
13.3
10.9
2.2
.6
1.6
234.2
101.8
132.4
71.8
60.6
247.3
110.9
136.4
75.2
61.2
269.4
119.2
150.2
83.8
66.5
283.0
128.1
154.9
86.8
68.2
299.7
136.7
163.0
92.0
71.0
279.7
123.6
154.8
86.2
68.6
295.9
134.6
161.3
90.3
71.0
322.2
144.7
177.4
100.5
76.9
338.8
155. 5
183.3
104.1
79.2
358.9
166.0
192.9
110.4
82.5
Total individual and noncorporate debt._ 221.1
Total private debt
Total, all corporations
Long-term 7
Short-term 7 _ _ _
Notes and accounts payable
Other _ _
Railway corporations
Long-term 7
Short-term 7
Notes and accounts payable.
Other _
Nonrailway corporations
Long-term 7
Short-term 7
Notes and accounts payable _ _ _ _
Other _
Farm, total 8 _ _ _
Farm mortgage.
Farm production
_
Nonfarm total
Mortgage
1-4 family residential
Multifamily residential and commercial
Other nonfarm 9
Commercial
Financial 1°
Consumer
_
239.4
267.0
288.3
312.3
221.1
239.4
267.0
288.3
312.3
20.3
10.5
9.8
23.3
11.3
12.1
24.0
12.3
11.7
25.3
13.1
12.3
28.7
14.2
14.5
20.3
10.5
9.8
23.3
11.3
12.1
24.0
12.3
11.7
25.3
13.1
12.3
28.7
14.2
14.5
200.8
131.6
102.2
216.1
144.6
111.8
243.0
160.8
124.3
263. 0
174.5
134.2
283.6
189.9
145.8
200.8
131.6
102.2
216.1
144.6
111.8
243.0
160.8
124.3
263.0
174.5
134.2
283.6
189.9
145.8
29.4
32.8
36.5
40.2
44 1
29.4
32.8
36.5
40.2
44.1
69.2
13.2
11.1
44.8
71.5
13.7
12.8
45.0
82.2
17.4
13.4
51.3
88.5
18.5
14.2
55.8
93.7
19.8
16.8
57.1
69.2
13.2
11.1
44.8
71.5
13.7
12.8
45.0
82.2
17.4
13.4
51.3
88.5
18.5
14.2
55.8
93.7
19.8
16.8
57.1
1. Data for State and local governments are for June 30 of each year.
2. Estimates for the period 1916 through 1956 appear in the July 1960 SURVEY.
3. Includes categories of debt not subject to the statutory debt limit.
4. Net Federal Government debt is denned as the gross debt outstanding less Federal Government securities held by
Federal agencies and trust funds, and Federal agency securities held by the U.S. Treasury and other Federal agencies. It
thus equals Federal Government and agency debt held by the public.
5. Details of Federal obligations may be found in the Treasury Bulletin.
6. Includes State loans to local units.
7. 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.
8. Comprises debt of farmers and farm cooperatives to institutional lenders and Federal Government lending agencies,
and farm mortgage debt owned to individuals and others; farmers' financial and consumer debt is included under the "nonfarm" category.
9. Comprises debt incurred for commercial (nonfarm), financial, and consumer purposes, including debt owed by farmers
for financial and consumer purposes.
10. Comprises debt owed to banks for purchasing or carrying securities, customers' debt to brokers, and debt owned to
life insurance companies by policyholders.
Sources: U.S. Department of the Treasury; Board of Governors of the Federal Reserve System; Federal Home Loan
Bank Board; U.S. Department of Commerce, Bureau of the Census, and Office of Business Economics.
SURVEY OF CURRENT BUSINESS
20
relative stability in short-term rates in
the 1961-62 advance is to be found in
developments within the commercial
banking sector. In the first place, the
monetary authorities followed a policy
of relative ease much further into the
recovery period this time than in
1958-59, thus providing a larger volume
of reserves. In the second place, commercial banks invested well over half of
their expanded resources in short-term
Treasury securities during the 1961-62
rise. In the earlier recovery, they had
Table 8.—Total Nonfarm Mortgage Debt by
Borrowing and Lending Groups, by Type
of Property 1
[Billions of dollars]
1957 1958 1959 1960
1961
1
Total nonfarm residential and
commercial mortgages
146. 1 160.7*178.7 194 fi 211 2
2
Corporate borrowers __ 14.5 16.1 17.9 19.5 21.3
Noncorporate borrowers. 131.6 144. 6 160. 8 174. 5 189. 9
1-4 Family residential mortgage debt _ -_- 107.6 117.7 130. 9! 141. 3 153. 5
Savings and loan assoi
ciations
38.0 42.9! 49.5 55.4 63.0
Life insurance carriers. 21.4 22.4 23.6 24.9 26.1
Mutual savings banks _ 14.1 15.6! 16.9 18.4 20.0
16.4 17.6 19.2 19.2 20.1
Commercial banks
Federal National Mortgage Association 3
3.8 3.6 5.0 5.5 5.4
Individuals and others _ 13. 9 15.6 16.7 17.9 18.9
Multifamily residential and
commercial 4 _ _
Savings and loan associations
Life insurance carriers. _
Mutual savings banks.
Commercial banks
Federal National Mortgage Association
Individuals and others.
Rise in National Income and Product
(Continued from page 8)
utilities industries also continued
upward; but corporate earnings in the
finance industry moved down as lower
bank profits reflected the higher interest
rates paid depositors.
Purchasing potver up sharply in later
months
After allowance for a ^-percent
increase in the rate of contributions
to social insurance programs, personal
income was up only $4 billion, but
as noted earlier, personal income
expanded sharply in February and
March.
The main factor underlying this
speedup has been month-to-month
changes in manufacturing. From
November to January, factory payrolls
and employment inched downward and
the volume of output in the industry
changed little. As a result, the flow
of personal income slowed so that
over the 2-months' span, the net gain
was less than $1 billion. The next
2 months—February and March—saw
an acceleration in manufacturing
activity. Output, employment, and
payrolls all moved ahead briskly and
personal income resumed its rise with
an annual rate gain of $5 billion, for
the 2-month period.
Both the slowdown and subsequent
pickup were concentrated in the production of transportation equipment—
particularly autos—-apparel, and fabricated metals. Strong additional support came from a resumption of
production increases by machinery pro~
ducers and higher output of steel to
meet demands of consumers fearing
the possibility of an extended steel
strike.
38.5 43.0 47.9 52.7 57.7
*> 0 2. 7
11.2 12.0 i
7.0 7.6
5.6 6.4
3. 6 4.7 5.9
12.8 13.9 14.9
8.0 8.5 9.1
7.4 7.9 8.5
.3
.6
.6
.2
.7
12.5 13.9 15.5 17.1 18.7
|
1. Estimates for the 1945-56 period may be found on p. 22
of the May 1957 SURVEY: Figures for 1929 44 may be found
on p. 18 of the September 1953 SURVEY.
2. The corporate mortgage debt total is included in the
total corporate long-term debt outstanding, table 2.
3. Includes portfolio loans of the Veterans Administration.
4. The data represent mortgage loans on commercial and
residential property, excluding multifamily residential and
commercial property mortgage debt owed by corporations
to other nonfinancial corporations.
Sources: U.S. Department of Agriculture, Agricultural
Research Service; Board of Governors of the Federal Reserve
System; Federal Home Loan Bank Board; and U.S. Department of Commerce, Office of Business Economics.
invested a much greater portion in intermediate and longer term issues. In
summary, the greatly expanded purchase of short-term securities by the
commercial banks during the 1961-62
advance more than offset the net sales
of such instruments by the Federal
Reserve System.
A technical note describing the statistics contained in this report is available
upon request to the Office of Business
Economics.
May 1962
Advance in Salaries
(Continued from page 13)
salaried workers in many categories;
the fact that the salaried employees'
contribution to output is generally
maximized through employment on a
relatively steady basis; and the difficulty or impossibility of adjusting
overall employment of clerical, sales,
and similar types of workers to shortrun changes in demand for products.
Wages and wage earners, on the other
hand, during each recovery phase of the
cycle regain much of the ground lost,
but, on balance, have not equaled the
net expansion that occurs in salaries
over the complete cycle.
NOTE.—This report brings up to date the "wage" and
"salary" series for manufacturing as a whole and for the 21
industrial subgroups presented in the December 1959 issue
of the SURVEY OF CURRENT BUSINESS. That article examined the structure of manufacturing payrolls and analyzed
the changes that had occurred in the postwar years. It also
included a section on the methods by which the statistics
were derived and a detailed list of the categories included in
the terms "wages" and "salaries."
The terms "wages" and "salaries" are used here to distinguish between the payrolls of the two major groups of
workers in manufacturing for which separate data are available. "Wages" refer to the earnings of rionsupervisory
workers up through the rank of working foremen engaged in
manufacturing or handling products, and in plant maintenance work. "Salaries" refer to earnings of all other employees, including persons engaged in executive, professional
and technical activities, purchasing and selling, and office
work.
Supplements to wages and salaries is the monetary compensation of employees not commonly regarded as wages and
salaries. It consists of employer contributions for social
insurance; employer contributions to private pension,
health, and welfare funds; compensation for injuries; directors' fees, and a few other minor items of labor income.
BUSINESS STATISTICS
urren
-fr-
J_ HE STATISTICS here update series published in the 1961 edition of BUSINESS STATISTICS, biennial Statistical Supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $2.00) contains data by months, or quarters, for the years 1957 through 1960 (1951-60, for major
quarterly series) and averages of monthly or quarterly data for all years back to 1939; it also provides a description of each series and references
to sources of earlier figures. Series added or significantly revised after the 1961 BUSINESS STATISTICS went to press are indicated by an asterisk
(*) and a dagger (t), respectively; certain revisions for 1960 issued too late for inclusion in the aforementioned volume appear in the monthly
SURVEY beginning with the July 1961 issue. Except as otherwise stated, the terms "unadjusted" and "adjusted" refer to adjustment for seasonal
variation.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided
through the courtesy of the compilers, and are subject to their copyrights.
1959
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1861
edition of BUSINESS STATISTICS
1960 | 1961
1959
I
Annual total
II
IV
1
III
II
1962
1961
1960
III
IV
I
II
III
IV
I
Seasonally adjusted quarterly totals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
bil $
Compensation of employees, total
Wages and salaries, total
Private
M ilitary
Government civilian
_
„_
Supplements to wages and salaries
399 6
417 1
430 2
390 7
405 2
399 4
402 8
413 5
419 2
419 0
416.5
412.2
426. 0
434. 3
447.9
do
National income total
278.4
293. 7
302.9
270. 6
280.0
280. 5
282.4
290. 2
294. 6
296. 0
294. 0
292. 6
300. 2
306. 2
312.7
317.9
do
do
do
do
258.5
213. 2
9.9
35.4
271.3
223.0
9.9
38.5
27P. 7
227.8
10.4
41.5
251.4
206. 7
9.9
34.8
260. 1
215.0
9.9
35.3
260.3
214.8
9.9
35.7
261. 9
216. 0
9.8
36.1
268. 3
221.4
9.8
37.1
272.4
224. 6
9.8
38.0
273.2
224.2
9.9
39.1
271.3
221.6
10. 0
39.7
270. 1
219.7
10.1
40. 3
277.3
226. 0
10.1
41.2
282.7
230. 7
10.2
41.9
288. 7
234. 7
11.1
42.8
292.5
237.1
11.6
43.8
do
20.0
22.4
23. 2
19.2
19. 9
20. 2
20. 5
21. 9
22.2
22.7
22. 7
22.5
22. 9
23.4
24. 1
25. 4
46.3
35.0
11 3
11.9
48.2
36.2
12 0
11.7
49.6
36. 5
13. 1
11.5
46.6
34.1
12 5
12.0
46.7
35.2
11.5
11.9
45.9
35.3
10. 6
11.8
46.1
35. 3
10 8
11.7
46.3
35.8
10. 5
11.7
48.6
36. 4
19 3
11.7
48.7
36.3
12 4
11.7
49. 0
36. 3
12.7
11. 7
48.9
36. 0
12.9
11.5
49.2
36. 3
12 9
11.5
49.4
36. 6
12 8
11 5
50.8
37.2
13.6
11.5
50. 6
37. 6
13.0
11.5
Proprietors' income, totalcf 71
_ ._ _
do _
Business and profession aid
_
do
Farm
do
Rental income of persons
do
Corporate profits and inventory valuation adjustment, total. _
_
bil. $
46.4
45.1
46.2
45. 3
50.2
44.4
45.5
47.4
45.9
44. 1
42. 9
40.0
45. 5
47. 0
52.1
do
do
do
do
46.8
23 1
23.7
— 5
45.0
22 3
22.7
46.1
22.8
23.3
.i
46.1
22 8
23.4
— 9
51.5
25 4
26. 1
—1 3
44.8
22 1
22.7
— 4
44.9
22 1
22.7
48. 1
23 9
24. 2
46.3
93 0
23. 3
— 4
43.2
21 4
21.7
9
42.6
21. 1
21.4
3
39. 6
19 6
20. 0
4
45.2
22 4
22 8
3
47
93
23
_
52.4
26 0
26. 5
— 3
do
16 6
18 4
20 0
16 2
16 4
16 7
17 0
17 8
18 3
18 6
18 9
19 2
19 6
20 2
20 7
21.3
do
482.8
504.4
521.3
472.2
488.5
482.3
488. 3
501.5
,ri06. 4
505. 1
504. 5
500. 8
516. 1
525 8
542. 2
548. 3
Personal consumption expenditures, total. _do
314. 0
328.9
339. 0
305. 8
313. 6
316. 5
320.0
323. 8
329. 9
329. 7
332. 3
330. 7
336. 1
341.0
348. 4
352.0
43.5
18.1
18.9
44.3
18.6
18.8
42. 3
16.8
18. 6
41.6
17.2
18.0
44.5
19.0
18.9
44.4
18.4
19.2
43.7
17.6
19.3
44.7
18.8
19.1
45. 3
19.3
19.0
43.4
17 8
18.7
43.8
18.6
18.3
39.4
14.8
17.8
42.0
16 7
18.3
42 3
16 4
18.8
45. 5
19 3
19.1
44.8
18.7
18.9
147.3
27.4
78.0
11.0
152.4
28.1
80.1
11.6
155.5
28.4
81.8
11.8
144.9
26.5
77.4
10.7
147.3
27.8
78.1
10.9
147.7
27.6
77.8
11.1
149.3
27.8
78. 7
11. 1
1 50. 5
28. 1
78.9
31.4
153.3
28. 3
80. 6
11 6
152.7
28.3
79.9
11 6
153.1
27.7
80.8
11.8
153. 7
27.9
81.1
11 7
1 54. 1
27. 6
81.4
11 7
156 2
28 6
81.9
11 8
158. 1
29 5
82.7
11 8
159.8
29.4
84.0
12.0
do
do
do
do
123.2
18. 1
39.9
10.0
132. 2
19.6
42.2
10.5
141.2
21.0
44.5
10.8
11.9. 4
17.5
39. 3
9.5
121.9
17.8
39.8
9.8
124.4
18.2
40.1
10.2
127.0
18.9
40.5
10.2
1 28. 6
19.2
41. 1
10.4
131.2
133. 6
19.7
42 7
10.5
135.4
20.0
43 1
10. 5
137.5
20.6
43 6
10.5
139.9
20 9
44 2
10 7
142.4
21 2
44 8
10 9
144.9
21. 6
45 5
11.0
147.3
21.9
46 1
11.2
do
72.4
72.4
69.6
70.4
79.1
68.2
71.8
78.9
74.6
70.5
65.6
59.8
68.8
73.2
76. 6
77.0
40.2
25.9
6.3
40.7
27.5
4.2
41.7
25.7
2.2
39.0
24.3
7.1
41.2
26. 3
11.7
41.0
26.6
.7
39.6
26.6
5.6
40.9
27.1
10.9
40.7
28.6
5.4
40.4
27.7
2.4
40.7
26.7
-1.9
39. 6
24.2
—4.0
41 3
24.7
2 8
42 7
26.0
4 5
43 3
28.0
5.3
41.8
28. 5
6.8
—.7
23 1
23.8
3.0
26.7
23.6
4.0
27 4
23.4
-.6
22.1
22.7
— 1.7
22.3
24.0
— .5
24 0
24.5
.0
24 1
24.0
18
25 6
23.9
2 3
26 7
24.4
30
26 8
23.8
5. 1
27 6
22.4
5 3
27 6
22.3
39
26 4
22.5
2 6
27 0
24.3
4 0
28 5
24. 5
35
28 2
24.7
97.1
53.5
46.2
43.6
100.1
52.9
45.5
47.2
108.7
57.3
49 2
51.4
96.7
53. 2
45.9
43.5
97.5
53.9
46.5
43.6
98.1
54.1
46 3
44.0
96.5
52.9
45 9
43.6
96. 9
51.8
45 5
45.0
99. 6
52.9
45 5
46.8
101.9
54.0
45 4
48.0
101.6
53.0
45 7
48.6
105. 0
54.7
47 9
50. 3
107.3
56. 6
48 8
50.6
109.0
57.4
49 0
51.6
113.2
60. 0
51 7
53.2
115.9
61.5
52 8
54.3
476.5
244.0
91.3
152.8
176 2
56 3
500.2
254. 3
94.3
160.0
189 3
56 6
519.1
256 8
92.7
164. 1
203 6
58 8
465.2
238.3
88. 1
150.2
170 7
56 2
476.8
244 6
92.4
152.2
174 2
58 1
481.6
247 1
93 6
153. 5
177 6
56 9
482.7
246 1
90 9
1 55. 1
182 2
54 4
490 5
250 9
93 1
157.8
183 8
55 8
502.
254
94
160.
1Q1
56
7
8
2
6
2
7
506. 4
254 6
93 4
161.3
194 6
57 °
504. 8
249 7
87 4
1 62. 3
197 9
57 2
513. 2
254 3
91 2
163.0
201 1
57 9
521.3
256 9
92 6
164. 3
905 1
59 2
537.0
266 3
99 6
166. 7
210 0
60 7
541. 6
268 1
99 8
168.3
914 'i
59 1
Inventorv change, total
_. .. _ do. _.
6.3
4.2
7.1
2.2
1
Durable goods output
do
3.6
2.5
5 4
Nondurable goods output
do
2.6
1.8
2.0
1.7
r
Revised.
cf Includes inventory valuation adjustment.
©Includes data not shown separately.
9 Government sales are not deducted.
*For quarterly data back to 1947, see p. 34 of the July 1961 SURVEY.
11.7
88
2.9
.7
—2 0
2.7
5 6
2 4
3.2
10.9
9 4
1.5
2 4
4
2.0
—1 9
—3 8
2.0
—4 0
—5 8
1.8
2 8
— 3
3.2
4 5
35
1 0
5 3
31
6 8
35
2.2
3.3
Corporate profits before tax total
Corporate profits tax liability
Corporate profits after tax
Inventorv valuation adjustment
Net interest
Gross national product, total _
Durable goods, total©
__. ___ do _
Automobiles and parts
do
Furniture and household equipment-- -do
Nondurable goods, total©
Clothing and shoes _
._
Food and alcoholic beverages
Gasoline and oil
___
Services, total ©
Household operation
Housing
Transportation
_ ... ... __
Gross private domestic in vestment, total
_ do_
do
do
do
-
New construction
_
_ _ _ _ __
do
Producers' durable equipmen t
do
Change in business inventories ...
_ do.- _
Net exports of goods and services
Exports
Imports
do
do
do
Government purchases of goods and services, total
bil. $_.
Federal (less Go vernmen t sa les)
do
National defense 9
_
do
State and local
do
By major type of product:*
Final sales, total
Goods output, total. _ _ _
Durable goods output
Nondurable goods output
Services
Construction
do
_
do
__ _ _ . - do. do
do
do
o
19 5
41 9
10.5
501.
256
96
160.
187
56
0
9
3
6
7
4
5 4
39
1.5
2
3
8
2
S-i
SURVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1959
1961
1959 1 1960
Annual total
II
III
1961
1960
IV
I
II
III
IV
I
II
1962
III
IV
I
II
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
GNP in constant (1954) dollars
Gross national product, total
bil. $
428.4
440.8
448.8
434.4
426.6
430.7
441.0
443.4
440.2
438.4
433.2
445.5
451. 8
464. 6
468.2
Personal consumption expenditures, totaL.do
289.3
298.3
303.6
289.7
290.8
292.8
295.4
299.5
298.6
299.6
297.0
301.6
305.0
310.8
312.8
41.0
138. 8
109. 5
41.8
141.8
114.7
40.1
143.6
119.9
41.7
139.3
108.8
41.6
139.2
110.0
41.4
140.0
111.4
42.1
140. 9
112.4
42.5
142.9
114.2
40.8
142.0
115.8
41.6
141.3
116.6
37.6
141.6
117.8
39.8
142.6
119.2
39.9
144.5
120.6
43.1
145.9
121. 9
42.6
147.0
123.2
Durable goods
Nondurable goods
Services
do
do
do
_
do
61.1
60.6
57.7
66.9
57.3
60.4
66.6
62.3
58. 6
54.9
49.6
57.3
60.4
63.5
63.7
Ne vv construction
Producers' durable equipment
Change in business inventories
do
do
do
34.3
21.3
5.5
33.9
22.7
4.0
34.4
21.2
2.1
35.2
21.6
10.1
34.7
21.7
.8
33.4
21.9
5.0
34.3
22.4
9.9
33.9
23.4
4.9
33.6
22.7
2.3
33.9
22.1
-1.1
32.9
19.9
-3.2
34.1
20.3
2.9
35.1
21.4
3.9
35.6
23.1
4.7
34.2
23.4
6.1
Net exports of goods and services
do
-2.1
1.7
2.0
-3.2
-1.9
-.9
.6
1.0
1.6
3.5
3.3
1.9
.6
2.0
1.3
80.1
43.9
36.2
80.2
42.3
38.0
85.5
44.9
40.6
81.0
44.6
36.4
80.5
44.0
36.5
78.4
42.7
35.8
78.4
41.7
36.7
80.6
42.7
37.8
81.3
42.9
38.4
80.3
41.6
38.7
83.3
43.1
40.2
84.7
44.7
40.0
85.7
45.0
40.8
88.3
46.8
41.4
90.3
48.4
41.9
383. 3
46.0
337.3
402.2
50.4
351.8
416.7
51.8
364.9
384.6
46.1
338.4
385.1
46.4
338.7
388.9
46.6
342.3
395. 5
49.9
345.7
403.1
50.5
352.7
405.1
50.8
354.4
405. 4
50.5
354.9
404.7
50.3
354.3
413.2
51.4
361.8
420.3
52.5
367.7
428.6
53.1
375.6
432.9
54.7
378.2
23.4
22.9
25.8
24.8
22.3
22.3
21.8
22.8
24.6
22.7
23.7
25.8
26.8
27.1
26.2
Gross private domestic investment total
Government purchases of eoods and services, total
bil. $..
Federal
do
State and local
do
DISPOSITION OF PERSONAL INCOME
Quarterly Data Seasonally Adjusted at Annual Rate*
Personal income total
bil $
Less: Personal tax and nontax payments
do
Equals* Disposable personal income
do
Personal savin0" §
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals or averages:
All industries....
bil. $
8.14
8.92
8.59
8.32
8.32
8.99
7.89
9.28
8.98
9.53
7.57
8.61
8.65
9.54
18.14
29.44
Manufacturing
Durable goods industries
Nondurable goods industries
do
do
do
3.02
1.44
1.57
3.62
1.80
1.82
3.42
1.57
1.85
3.02
1.45
1.57
3.02
1.44
1.58
3.57
1.74
1.83
3.09
1.55
1.54
3.76
1.88
1.88
3.62
1.80
1.81
4.01
1.95
2.06
3.00
1.41
1.59
3.46
1.58
1.88
3.34
1.50
1.84
3.88
1.79
2.09
3.18
1.54
1.64
3.75
1.82
1.92
Mining
Railroads
Transportation, other than rail
Public utilities
Commercial and other
do
do
do
do
do
.25
.23
.51
1.42
2.72
.25
.26
.48
1.42
2.89
.24
.17
.46
1.38
2.92
.24
.26
.53
1.47
2.79
.26
.28
.54
1.48
2.74
.27
.22
.55
1.51
2.87
.22
.25
.47
1.18
2.69
.27
.29
.55
1.42
2.99
.25
.24
.47
1.50
2.90
.24
.25
.46
1.58
2 99
.21
.17
.41
1.09
2.69
.26
.18
.48
1.39
2.85
.25
.16
.47
1.50
2.94
.26
.16
.50
1.54
3.20
.24
.19
.41
1.07
3.05
.27
.22
.50
1.31
3.40
do
32.51
33.35
33.58
35.15
36.30
35.90
35.50
33.85
33.50
34. 70
35.40
' 36.10
do
11.80
5.74
6.06
12.25
5.83
6.42
12.87
6.16
6.71
14.10
7.15
6.95
14.70
7.40
7.30
14.65
7.35
7.30
14.40
6.85
7.55
13.75
6.50
7.25
13.50
6.20
7.30
13.65
6.10
7.55
14.00
6.40
7.60
14.40
7.00
7.45
14.65
7.20
7.50
.94
1.00
2.08
5.82
10.87
1.01
1.28
2.17
5.58
11.06
1.04
.85
2.15
5.48
11.19
1.00
1.00
2.00
5.75
11.35
1.05
1.10
2.15
5.70
11.60
1.00
1.00
1.90
5.60
11.75
.90
1.00
1.80
5.70
11.65
.95
.70
1.75
5.35
11.30
1.00
.70
1.80
5.50
11.05
1.00
.65
1.90
5.65
11.85
1.00
.60
1.95
5.55
12.35
1.10
.80
1.75
5.25
12. 75
1.05
.80
1.90
5.20
13.00
4,790
_
Seas. adj. qtrly. totals at annual rates:
All industries
Manufacturing
Nondurable goods industries
do
Mining
__......
do
Transportation, other than rail
do
Public utilities
do
Commercial and other
do
BUSINESS POPULATION
Firms in operation, end of quarter (seasonally ad- 3
justed)
thous • 4 583
3 4, 660
3
4, 717
4,635
4,655
4,670
4,690
4,710
4,725
4,730
4,740
4, 755
4,770
4,780
U.S. BALANCE OF INTERNATIONAL
PAYMENTS^
Quarterly Data are Seasonally Adjusted
U.S. payments, recorded
mil. $
29, 743
31, 412
32, 000
7,474
7,565
7,670
7,567
7,690
7,941
8,214
7,744
7,384
7,958
15,294
do
3,109
do
d o _ _ 5, 134
791
do
3,040
do
14, 722
3,048
5,557
848
3,381
14, 524
2,956
5, 599
870
4,100
3,861
789
1,272
187
741
3,974
786
1,303
214
746
3,858
754
1,337
206
760
3,785
767
1,373
198
750
3,830
756
1,438
213
843
3,674
798
1,402
207
775
3,433
727
1,344
230
1,013
3,374
759
1,360
212
1,000
3,418
761
1,360
219
825
3,843
705
1,419
218
1,018
3.889
731
1,460
221
1,257
U.S. private capital
Direct investments
Long-term portfolio
Short-term
do
do
do
do
2,375
1,372
926
77
3,856
1,694
850
1,312
3,951
1,601
967
1,383
624
347
280
-3
542
326
205
11
755
362
235
158
694
344
194
156
610
260
267
83
1,085
406
145
534
1,467
684
244
539
1,039
500
12
527
801
308
331
162
755
470
147
138
1,356
323
477
556
do
25, 472
28, 131
30, 162
6,137
6,495
6,731
6,914
7,069
7,041
7,107
7,454
8,005
7,072
7,631
do
do
do
do
16, 282
7,427
1,054
709
19, 409
7,891
631
200
19,916
8,400
1,269
577
3,924
1,793
158
262
4,299
1,856
159
181
4,193
1,959
430
149
4,650
1,915
168
181
4,837
1,991
148
93
4,927
1,927
170
17
4,995
2,058
145
-91
5,053
2,072
130
199
4,765
2,115
850
275
4,947
2,038
80
7
5,151
2,175
209
96
-4,271 -3, 281 -1,838 -1,337 -1,070
36. 60
8,914
Imports:
Merchandise __
Military expenditures
Other services. __
_ _ _ _ _
Remittances and pensions
Govt. grants and capital outflows
2
_
_
U.S. receipts, recorded
Exports:
Merchandise..
Services and military sales
Repayments on U.S. Govt. loans
Foreign capital other than liquid funds
Excess of recorded receipts or pavments ( — )
do
Unrecorded transactions
do
Total, net receipts (+) or payments (— )_
do_.
Major special transactions
do
-939
-653
-621
-900 -1,107
-103
271
33
-142
-212
-3, 743 -3, 929 -2, 454 -1, 061 -1,173
-668
-620
528
335
-648
-524
-616
129
276
-100
-961 -1,173
-4, 078 -3, 405 -2, 583
Total excluding special transactions
do
r
Revised.
» Preliminary.
1
Estimates for Jan .-Mar. 1962 based on anticipated ca pital exjDenditun3S of bus iness.
2
Estimates for Apr.-June 1962 based on antic pated ca pital ex Denditur es of bus iness.
:
Anticipated expenditures for the year 1962
bil. $) All inc
Digitized for manufacturing, total, 14.90; durable goods are as J ollows (i nnondur able goo lustries, 37.16;
FRASER
ds indus tries,
industi ies, 7.29
4;
7.62; mining, 1.01;
http://fraser.stlouisfed.org/ railroads, .80; transportation, 1.8 public utilities 5.60; co mmercia 1 and
other, 13.00.
Federal Reserve Bank of St. Louis
-290
621
-886
-1,283
-327
-54
-465
109
-206
-763 -1,112 -1, 434
-344
156
285
-80
-444
724
-777 -1,489
-75
*>-450
-520
-702
-568
-969
-620
-683 -1,112
-990 -344
Data represent firms in oper ation as of Jan. 1 .
Personal saving is excess of disposable incorne over iDersonal 2onsump tion expenditures
showri Tas a component of gross national product on p. S-l.
Vs ote change in presentation; unadjusted datei, as well as adjust ed data 1 or earlier periods,
appea r in the Mar., June, Sept., and Dec. issuesof the SL RVEY (fr ont secti on).
-953
3 1Unadjusted.
SUKVEY OF CURRENT BUSINESS
May 1962
1961
1960
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
S-3
1962
1961
Monthly
average
Mar.
Apr.
May
July
June
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates:
Total personal income
1
402. 2
1
2
416. 7
2 405. 5
407.3
409. 8
413.2
417.3
418. 6
421 2
419 4
421 1
425 2
429 3
431 8
430 1
433 3
- 435. 9
438.7
do
271.3
279.7
271.1
274.6
277.2
280.7
282.3
282.8
284.0
286.4
289.4
290.7
290.2
293.1 - 294. 7
297.1
Commodity-producing industries, total.do
Manufacturing only
__ _ __ do
Distributive industries
do
110.4
87.4
71.8
111.2
87 8
73 4
106.5
84.1
71 8
109.1
86.1
72 3
110.5
87.6
72 9
112.7
88 9
73 5
113.2
89 3
74 0
112.9
89 0
74 2
112.9
88 8
74 7
11.4. 1
89 9
74 g
115.8
91 3
74 7
115.6
91 4
75 4
111. 3
%6
75 7
116.2 r 116. 9
92 0 * 92 9
r
76 4
76 1
118.9
94.3
76 6
do
do__ _
do
40.7
48.4
10.9
43 1
51 9
11 1
42 1
50.7
10 6
42.3
51.0
10.7
42 5
51.3
10 8
42 9
51.6
11 0
43 3
51 8
11 1
43 6
52 1
11 2
44 0
52 4
11 2
44 4
53 1
11 4
44 7
54 2
11 5
45 1
54 6
11 7
45 *>
55 0
11 8
45 4
55 4
12 0
45 7
55 7
12 1
45 8
55.9
12 2
do. __
do
36.2
12 0
36 5
13 1
36.0
13 0
36.1
12 9
36 3
12 9
36 4
13 0
36 6
12 9
36 6
12 8
36 8
12 7
37 0
13 5
37 3
13 8
37 4
13 5
37 4
13 1
37 6
12 9
37 8
37 9
12 7
Rental income of persons
do
Dividends
_ __ d o _ _
Personal interest income.
do___
Transfer payments
do__
Less personal contributions for social insurance
bil. $..
11 7
14.1
26.2
29.1
11 5
14 4
27 3
32 9
11 4
14 2
26.8
2
33 7
11 5
14.2
26.8
32.5
11 5
14 2
27.0
33 0
11 5
14 3
27 1
33 0
11 5
14 3
27 4
32 5
11 5
14 4
27 5
32 7
11 5
14 5
27 7
33 1
11
14
27
33
11
15
28
33
11 5
14 9
28 5
33 1
11
14
28
33
11 5
11 5
15 3
29.1
33 6
-bil. $__
Wage and salary disbursements, total
Service industries
Government
_ _
Other labor income
Proprietors' income:
Business and professional
Farm
9.3
9.7
386.2
399 4
2,892
Farm marketings and CCC loans, total
do
2,834
Crops
__
do _- 1,256
Livestock and products, total 9
do
1,578
395
Dairy products
do
882
Meat animals
do
Poultry a n d eggs _ _ _ _ _ _
do__ _
274
Indexes of cash receipts from marketings and CCC
loans, unadjusted:
All commodities
__ .1947-49= 100 . 116
Crops
do
117
Livestock and products.
do
116
Indexes of volume of farm marketings, unadjusted:
133
All commodities
.
_ 1947-49=100.130
Crops
do
Livestock and products
_
do
134
11
14
27
2 35
5
3
2
2
5
8
9
2
5
5
2
4
5
9
7
2
r
r 12 9
r
15 2
28 9
-33 5
9.6
9.7
9.8
9.8
9.8
9.8
10.0
10.1
10.1
10.3
10.5
10.6
10.7
390. 4
392.9
396.4
400 2
$404 o
402 4
404 1
407 2
410 9
413 6
412 3
415 8
-418 2
421 1
3 020
2,278
2 171
2 478
2 568
2 785
3 081
3 426
4 771
3 995
3 291
3 170
2 334
2 465
2,896
1 292
1 604
407
907
263
2, 259
607
1,652
424
924
279
2,137
618
1,519
417
823
249
2,236
615
1,621
448
897
256
2,447
915
1 532
427
832
246
2,714
1 289
1 425
411
748
243
3, 050
1 419
1 631
396
935
268
3,320
1 669
1 651
389
953
273
4,290
2 409
1 881
399
1 164
295
3,783
2 075
1 708
388
1 015
290
3 192
1 658
1 534
3, 105
1 473
1 632
411
953
°32
2,229
771
1 458
383
813
297
2,244
643
1 601
431
904
242
119
121
118
93
57
121
88
58
111
92
57
119
100
85
112
HI
1°0
105
125
132
120
136
156
121
176
225
138
155
193
125
131
i^
113
r 127
137
120
92
72
107
92
60
117
135
129
139
103
57
137
97
53
130
106
52
147
120
90
142
131
134
129
141
139
143
151
159
146
198
243
165
176
209
152
145
i fi'i
131
144
157
134
102
78
120
102
58
134
108
pl09
104
107
108
111
106
111
113
116
115
113
r 112
-116
117
108
104
113
97
123
•p 109
T> 103
v 117
P 98
103
97
112
96
107
100
115
97
108
103
115
97
111
106
118
98
105
100
112
95
111
102
123
99
113
106
121
99
117
110
126
101
115
111
122
100
113
110
116
IOQ
112
116
112
1°0
99
r H8
do
do
do...
do
do
111
114
116
114
103
P 112
P H6
v 112
v 117
pl04
107
111
104
113
101
110
113
112
114
102
110
114
113
114
102
113
118
119
117
103
109
112
104
115
102
113
119
97
126
102
116
121
114
123
105
119
126
126
126
106
118
122
129
120
108
11 5
I1 8
126
116
110
T 114
do
do
do
106
102
110
P ]06
P 100
z>114
101
91
111
104
96
112
107
101
113
109
105
114
103
99
108
110
103
117
110
104
116
113
107
120
113
107
119
111
106
116
r HO
105
117
r 109
do
108
p 109
103
106
108
110
112
113
111
113
114
115
114
do...
Total nonagricultural income
108
pl09
102
105
108
111
112
113
111
113
114
115
114
104
90
88
106
104
Pl03
P 88
p 84
Pl05
P 103
95
74
69
96
94
99
82
79
99
96
103
90
86
105
102
105
92
89
107
106
107
95
91
108
107
108
98
92
111
110
105
99
93
105
105
107
96
90
110
108
109
96
90
112
107
110
99
96
112
106
- 108
101
98
106
102
112
P 106
p 100
P 114
101
95
108
103
98
109
104
99
112
107
101
116
110
103
120
109
102
118
108
102
117
110
103
119
112
104
123
102
115
89
P 97
* 103
P91
88
86
89
94
99
88
99
108
90
101
113
88
102
114
91
103
116
90
108
102
116
95
95
93
101
107
93
106
116
96
108
119
96
104
114
93
119
110
107
120
113
Pll8
P108
P 105
v 120
p 114
113
103
100
112
107
113
105
106
115
110
116
107
107
117
114
119
112
111
121
117
119
114
111
121
117
122
114
109
123
116
121
112
107
123
116
121
111
103
124
119
123
110
105
128
121
123
106
107
128
120
121
102
101
-•123
117
113
109
124
100
112
pl!7
•p 111
P 124
P 101
J»118
112
104
120
96
113
114
106
120
100
117
116
110
120
100
117
do _ _ .
9.6
2
FARM INCOME AND MARKETINGS
Cash receipts from farming, including Government
payments, total
mil $
4Q1
007
268
INDUSTRIAL PRODUCTION }
Federal Reserve Index of Quantity Output
Unadjusted, total index (Incl. utilities) __ 1957=100—
By industry:
Manufacturing, total
do
Durable manufactures
do
Nondurable manufactures
do
Mining
do
Utilities
___
do .
By market grouping:
Final products, total
Consumer goods
__
Automotive and home goods
Apparel and staples
Equipment, including defense
Materials
Durable goods materials
Nondurable materials
_
Seas, adj., total index (incl. utilities)
By industry:
Manufacturing, total
Durable manufactures 9
Primary metals
Iron and steel
Fabricated metal products
Structural metal parts
.
Machinery
Nonelectrical machinery
Electrical machinery
Transportation equipment
Motor vehicles and parts
Aircraft and other equipment
Instruments and related products
Clay, glass, and stone products
Lumber and products
Furniture and
fixtures
Miscellaneous manufactures
do
do
do
do
do
do
do__.
do
do._
_do
_.do
do
do
do __
do
do
Nondurable manufactures
___do
Textile mill products
do
Apparel products
do
Leather and products
...
do
Paper and products
__
___do
T
1
2
Revised.
p Preliminary.
The total and components are annual totals.
Italicized totals for Mar. and July exclude stepped-up rate of, and special Government life insurance dividend payments to veterans, respectively; total disbursements of
$150 million (Mar.) and $218 million (July) multiplied by 12 (to put on annual rate basis)
P118
99
p
P
p
P
118
115
123
101
117
120
124
119
111
119
122
r 127
120
113
P
P
p
p
p
120
123
132
120
114
114
r H6
120
110
191
p 116
p 111
p 121
115
116
P 117
115
116
p 117
112
p 113
p 101
p99
p 114
104
111
106
105
- 111
105
111
103
123
113
105
124
r H6
108
-126
p 118
p 110
p 128
105
114
95
- 107
- 117
-96
p 109
P 122
p96
120
104
113
-125
117
-120
-106
111
128
121
p 120
P109
109
116
99
117
120
117
109
' 110
r
r
114
r 122
r 105
r
105
112
105
p rs
P 131
P 126
121
121
117
r 120
122
121
122
P123
120
119
119
112
121
118
118
114
117
118
116
117
118
T
129
127
123
130
130
125
131
130
127
r
105
109
105
106
104
103
104
100
101
125
125
122
122
123
124
123
122
118
117
amounted to $1.8 billion (Mar.) and $2.6 billion (July). Figures for transfer payments
and total nonagricultural income reflecting similar exclusion are as follows: Mar.—$31.9
billion and $388.6 billion; July—$32.5 billion and $401.4 billion.
9 Includes data not shown separately.
t Data for 1960 have been revised to incorporate
more recent information; revisions prior to Aug. 1960 will be shown later.
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
Monthly
average
May
1961
Mar.
Apr.
May
June
July
1962
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
GENERAL BUSINESS INDICATORS— Continued
INDUSTRIAL PRODUCTION J— Continued
Federal Reserve Index of Quantity Output— Con.
Seasonally adjusted indexes— Continued
By industry— Continued
Nondurable manufactures1— Continued
Printing and publishing ..
1957 = 100. .
Newspapers
do
Chemicals and products
__ do _
Industrial chemicals
do
Petroleum products
-do
111
107
121
127
108
p 113
106
128
137
110
110
104
120
127
106
110
105
123
130
108
111
105
127
185
111
113
106
129
138
111
114
107
132
141
116
114
107
132
142
115
114
107
132
143
110
114
107
133
146
114
115
108
134
147
113
114
108
136
147
108
114
109
'134
" 146
112
do
do
do
do
do
114
109
109
108
114
115
113
113
112
118
96
111
111
109
116
110
111
111
111
122
114
112
113
107
116
121
113
113
112
116
123
114
114
117
110
123
114
114
115
119
120
114
114
114
]16
124
116
116
116
123
124
116
116
116
123
129
114
115
110
120
119
115
116
115
114
do _
do
do
do
do
do
97
83
98
98
97
112
p98
P80
PlOO
p 100
P97
p 112
96
68
100
101
106
107
97
77
101
101
92
110
97
81
100
100
86
114
98
101
101
89
116
98
77
101
101
90
118
99
81
102
103
90
114
97
82
99
99
94
113
100
84
101
101
99
115
101
86
102
100
106
111
101
86
103
100
112
104
99
86
101
99
112
96
99
83
101
100
r
112
100
do
do
do
123
123
123
125
125
125
127
127
128
130
131
128
131
132
129
132
132
131
135
135
132
135
136
133
136
137
135
135
135
135
137
137
r
P131
do
do _
do
111
114
116
P112
pile
v 112
107
111
100
109
114
109
111
115
113
113
118
118
114
120
120
115
120
118
113
116
110
115
119
116
117
121
122
118
122
128
Automotive products
do
Autos
do__
Auto parts and allied products. .. do
117
117
117
P106
p 97
P 121
88
71
115
103
92
120
108
101
118
113
109
120
115
110
125
]17
110
126
96
82
118
110
102
123
121
117
127
Home goods 9
Appliances TV and radios
Furniture and ru^s
do
do
do
115
112
118
pl!7
P113
p 119
110
108
110
114
111
116
117
116
117
122
123
122
124
127
119
120
116
122
121
119
126
120
116
124
Apparel and staples
__ _
_ __do
Apparel, incl. knit goods and shoes-do
Consumer staples
do
Processed foods
do
114
117
113
109
P117
P118
pl!7
p 113
114
114
114
111
115
116
115
111
116
115
117
113
118
US
118
114
119
122
119
114
120
124
119
114
118
118
119
114
Beverages and tobacco
do
Drugs soap and toiletries
do
Newspapers, magazines, books.-, do
Consumer fuel and lighting
do
110
118
113
119
P114
P123
P117
v 126
111
116
114
121
114
119
114
122
110
123
116
125
113
124
117
125
115
126
119
128
116
126
117
130
Equipment, including defense 9
do
Business equipment
_- do
Industrial equipment
do
Commercial equipment
_ do
Freight and passenger equipment. .do
Farm equipment
do
103
105
102
118
101
92
Pl04
v 105
p 100
P124
P 99
p98
99
100
96
117
93
104
100
102
97
118
94
107
102
103
99
120
95
104
102
104
99
123
95
106
104
105
101
1 25
96
98
do. __
do
do
do
do
106
102
109
101
107
P106
P 100
p 100
p 102
P 106
99
90
85
95
99
103
90
93
98
104
106
101
107
99
107
109
104
109
101
110
do __
do
do
do
110
110
109
111
P114
P 113
"115
P 111
109
108
112
107
111
111
114
110
112
110
110
110
do
do
do
103
97
121
P 105
P98
102
96
122
104
98
123
bil.$__ 161.04
i 61. 53
60. 22
Rubber and plastics products
Foods and beverages
Food manufactures
Beverages
Tobacco products
Mining
Coal
Crude oil and natural gas
Crude oil
Metal mining
Stone and earth minerals
Utilities
Electric
Gas
-
By market grouping:
Final products total
Consumer coods
Automotive and home goods
Materials
Durable goods materials 9
Consumer durable
Equipment
Construction
Nondurable materials 9
Business supplies
Containers
General business supplies
Business fuel and power
Mineral fuels
Nonre^idential utilities
115
108
137
150
>• no
" 115
107
135
r
112
p no
p 113
122
r 115
116
112
116
116
117
99
84
101
99
111
101
p 102
p 86
P 103
P 102
137
137
" 139
P 140
116
121
121
117
121
120
118
" 121
122
p 119
P 123
P127
129
127
132
119
114
126
116
109
" 127
" 116
110
125
P 123
P 119
122
117
128
127
122
129
" 123
r
120
'124
124
122
124
127
127
126
120
121
120
115
120
121
120
115
120
123
119
114
120
119
120
114
120
" 121
120
114
121.
P122
" 120
115
pl21
115
124
119
127
118
127
118
130
118
127
118
130
113
130
116
129
115
126
119
132
113
128
118
132
119
105
106
102
127
9*
78
106
307
101
128
105
97
107
108
102
129
106
87
109
110
104
131
111
95
110
110
106
132
106
94
108
108
104
131
101
91
110
111
106
" 133
103
100
" 111
112
107
135
106
104
p 112
p 113
110
104
109
104
111
111
106
115
105
112
109
104
99
102
110
111
105
101
107
108
111
105
106
108
107
112
106
112
108
105
111
105
112
108
100
113
10H
" 111
110
" 106
114
" 109
115
112
107
T 115
p 111
114
113
115
112
115
114
116
114
117
11(>
121
113
115
113
118
111
117
114
116
112
118
116
119
115
119
118
122
1.15
117
115
122
112
118
119
117
125
112
p 120
123
"114
105
98
126
106
98
128
106
98
128
108
100
130
106
97
132
108
99
132
108
99
131
108
100
131
107
99
132
108
99
132
108
"98
pllO
P 101
60.08
61.53
61.83
61.64
62.36
61.58
63.21
64. 41
63. 95
r
' 63. 97 64. 55
65.29
r
" 117
BUSINESS SALES AND INVENTORIES §
Mfg. and trade sales (seas, adj.), totalcf
M^anufacturin01 total
Durable goods industries
Nondurable goods industries
do
do
do
30.41
14.68
15.73
30. 73
14.54
16. 18
29. 55
13. 69
15. 86
30. 09
14.14
15.96
30. 73
14.57
16. 16
30. 85
14.67
16.18
31.11
14.78
16.33
31.38
15. 04
16. 34
31.36
14. 95
16.40
31. 75
15.27
16.48
32.18
15. 62
16. 56
32.40
15. 66
16. 74
" 32. 04
r
15. 50
16. 54
r 32. 85
* 15. 95
16.89
33.23
16.28
16.96
\Vholcsale trade totalcf
Durable goods establishments
Nondurable goods establishments
Retail trade totalcf1
do
do
do
do
12.33
4.44
7.89
18.29
5.89
12.40
12.56
4.28
8.27
18.24
5.62
12.63
12. 54
4.21
8.34
18.13
5.55
12.58
12.13
4.07
8.06
17.86
5.41
12. 45
12. 80
4.32
8.48
18.00
5.55
12. 45
12.78
4.38
8.41
18.20
5.59
12. 61
12. 50
4.28
8.23
18.03
5.50
12. 52
12.80
4.36
8.44
18.18
5.47
12.71
12.08
4.17
7.91
18.14
5.62
12. 52
12.87
4.35
8.52
18.59
5.86
12.72
13.12
4.46
8. 66
19.11
6.20
12.91
12.72
4.40
8.32
18.84
5.92
12.91
13. 08
4. 55
8.53
18.84
5.93
12.92
r 12. 73
"4.53
"8.20
" 18. 97
"5.99
" 12. 99
12. 76
4.50
8.26
19. 30
6.22
13.08
94.13
95. 54
92. 66
93.00
93. 06
93.09
93.46
93.62
94.26
94.62
95. 12
95. 54
" 96. 17
" 96. 70
96.98
53.74
30.86
22.88
55. 20
31.47
23. 72
53. 31
30.30
23.01
53.38
30.15
23.22
53. 37
30.15
23.22
53.36
30.20
23.16
53. 55
30.37
23. 18
54.03
30.80
23.23
54. 44
31.10
23.34
54.78
31.40
23.38
55. 03
31.53
23.50
55. 20
31. 47
23. 72
55.73
31. 88
23.84
" 56. 18
" 32. 19
" 23. 99
56.56
32.39
24. 17
13.21
6.81
6.40
27.18
12.33
14. 85
13.48
6. 89
6. 60
26. 86
11.52
15. 34
13.28
6.69
6.59
26.07
11.35
14.72
13.45
6.77
6.68
26.18
11.25
14.93
13. 46
6.71
6.75
26.23
11.31
14. 92
13.67
13.62
13. 58
13.44
13.48
13.34
13.60
13.58
13.50
13. 48
6.82
" 6. 83
6.86
6.89
6. 80
6.80
6.82
6.83
6.82
6.72
6.85
6.54
6.73 "6.79
6.63
6. 60
6.76
6.77
6.66
6.79
26.90
26. 75
26. 86 r 26. 86
26.40
26.34
25. 98
26. 75
26.34
26.22
11.44
11.36
11. 25
11.48
11.52 r 11.52
11.46
11.26
11.37
11.01
,._.
15.39
15. 42
15. 34
15.14
15.32
15. 34
14.88
14. 85
14.97
15.09
§ The term " business" here includes only manufacturing and trade. Business inventories
as shown on p. S-l cover data for all types of producers, both farm and nonfarm. Unadjusted
data for manufacturing are shown on p. S-5; those for retail and wholesale trade on pp. S-ll
and S-12.
<? See note marked "f" on p. S-ll.
t Revised series. See note marked " J" on p. S-ll.
Nondurable goods stores
do
Mfg. and trade inventories, book value, end of year
or month (sea5! adj ) total f
bil $
Manufacturing total
Durable goods industries
Nondurable p'oods industries
do
do
do
"Wholesale trade totalcf
do
Durable goods establishments
do
Nondurable goods establishments
do
Retail trade total f
do
Durable goods stores
do
Nondurable goods stores
do
r
Revised.
p Preliminary.
1
Total and components are based on unadjusted
J See corresponding note on p. S-3.
9 Includes data not shown separately.
data.
SURVEY OF CURRENT BUSINESS
May 1962
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1962
1961
1961
Monthly
average
S-5
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES— Con.
Inventory-sales ratios:*
Manufacturing and trade, total
ratio
1.54
1.55
1.51
1.50
1.52
1.50
1.53
1 50
1 48
1.49
Manufacturing total
Durable goods industries
Purchased materials
Goods in process __ __
Finished goods __
do
_ do ___
do
do
do
1 80
2.21
58
.87
1 77
2. 13
55
.84
.74
1 74
2.07
53
.82
.72
1 73
2. 06
52
.82
.72
1 72
2.05
52
.82
.72
1 72
2.05
51
.82
.71
1 74
2.08
53
.83
.72
1 73
2.06
53
.82
70
1 71
2.02
52
.81
69
1 70
2.01
52
.81
.69
1 . 45
55
.19
.71
1.46
.56
.20
.70
1.44
56
.20
.68
1.43
.55
.20
.68
1.42
.55
.20
.67
1.42
55
.20
.67
1.42
55
.20
.67
1 42
54
20
.68
1.42
54
20
.67
1.06
1.59
.79
1.44
2 05
1.17
1.11
1. 66
.83
1.47
2 08
1.20
1.05
1.55
.80
1.46
2 04
1.20
1.06
1.54
.81
1.44
2 04
1.18
1.09
1.60
.82
1.46
2.08
1.19
1.06
1.57
.80
1.43
2 01
1.18
1.12
1 64
.84
1.45
2 00
1.20
1.04
1 56
78
1 42
1 92
1.19
_ _
Nondurable goods industries
Purchased materials
Goods in process
Finished goods .
_
-
do
do
do
do __
Wholesale trade, total ___ _ _ _ _
do
Durable goods establishments
do
Nondurable goods establishments
do __
Ketail trade total
do
Durable "'ood'5 stores
do
Nondurable goods stores
_ _ _ _ .-do
1.50
1 50
1 74
2. 06
1.49
1 70
1.99
52
.80
67
r
54
r
.82
70
1 71
2.02
53
.81
T
.68
1.42
54
.20
.67
1 44
56
20
.08
1.42
55
.20
.66
1 43
56
20
67
1.02
1 52
.76
1 40
1 84
1.19
1.06
1 57
.79
1 43
1 94
1.19
1 04
1 51
79
r
l 43
1 94
1 19
1.06
1 07
1 52
83
1 39
1 83
1 18
31.21
r
r
r
1 51
r
83
r 1 42
r i qo
' 1. 19
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
T
r
30.41
30.73
31.28
29.36
31.48
32.22
28.47
32.01
32. 01
33.42
32.18
do
_ do _
do
do
14.68
2.15
1.34
1.67
14 54
2.06
1 25
1.68
14.58
1.96
1.15
1.60
13.96
1.94
1.15
1.55
15.17
2.23
1 36
1.73
15.75
2.27
1.40
1.83
13.16
1.86
1.15
1.64
14.68
2.20
1.39
2.02
15 09
2.18
1 35
1.88
15 97
2 26
1 38
1 89
15 66
2 17
1 30
1 72
do _
do
do
do___
4.72
1.95
2.77
1.16
4.87
2 00
2.87
1.25
5.10
2.02
3.07
1.26
4.78
1.87
2.91
1.20
4.96
1 93
3.03
1.26
5. 15
2. 05
3.11
1.35
4.31
1.69
2.62
1.12
4.90
2.03
2.87
1.27
5.03
2 11
2 92
1.28
5 22
2 24
2 98
1 37
5 03
2 19
2 84
1 34
5 14
2 21
2 93
1.37
4 84
2 04
2 80
1 22
3.45
2.16
.86
.73
3.24
1.94
.82
.76
3.29
1.85
.79
.75
3.19
1.91
.77
.69
3 49
2 14
.86
79
3 61
2.22
.90
.84
2.85
1.69
.79
.74
2 50
1.26
.99
.91
3 07
1 72
.90
83
3 54
2 25
92
89
3 84
2 50
87
80
3 82
2 43
.76
68
' 3 73
2 35
r
77
do_ ._
15.73
16. 18
16. 70
15. 39
16.31
16.47
15. 30
17.32
16.92
17.45
16 53
15. 86
do
do _
do
do. __
do
do _
do
4.70
.40
1.21
1.06
2.31
3.18
.51
4.80
.42
1.22
1.13
2.49
3.21
.50
4.94
.42
1.22
1.17
2.51
3.27
.50
4.51
.37
1.12
1.10
2.44
3.10
.48
4 93
.45
1 18
1.16
2 64
3.24
52
4.88
.45
1.31
1.19
2.60
3,24
54
4.66
.43
1.06
1.03
2.28
3.15
.46
4.92
.46
1.35
1.22
2.65
3.33
52
5 00
.42
1 33
1 17
2 67
3 13
50
5 16
44
1 38
1 21
2 75
3 24
56
4 89
45
1 32
1 16
2 55
3 16
50
4 70
40
1 25
1 11
2 39
3 31
49
do
29. 55
30.09
30 73
30 85
31.11
31 38
31 36
HI 75
32 ig
32 40 r 32 04 r 32 85
do
do
do
do
13.69
1.79
1.05
1.60
14.14
1 95
1 17
] 62
14 57
2 13
1 32
1 69
14 67
2 07
1 26
1 72
14.78
2 20
1.36
1 70
15
2
1
1
04
22
39
74
14
2
1
1
95
21
36
70
15
2
1
1
15
2
1
1
15 66 r 15 50 r 15 95
2 27 r 2 41
2 27
1 42 T i 52
1 40
1 80
1 80 r 1 83
do
do
do
do
4.71
1 94
2.76
1.15
4 85
2 02
2 83
1 21
4
1
2
1
81
95
85
22
4 81
1 95
2 86
1 25
4
1
2
1
4
2
2
1
96
02
94
28
4
2
2
1
94
00
94
29
5 04
2 04
3 00
1 36
5 11
210
3 00
1 34
5 13
2 10
3 02
1 35
do
do
do
do
3.02
1.64
.77
.73
3 15
1 84
80
69
3 29
2 01
84
72
3 41
2 14
84
74
3 32
2 09
89
76
3 36
2 06
88
79
3 34
2 00
83
79
3 53
2 23
84
81
3 62
2 29
88
83
3 55
2 22
87
80
Nondurable goods industries, total 9 _._ _ do
15. 86
15. 96
16 16
16 18
16. 33
16 34
16 40
16 48
16 56
16 74
16 54
4.80
.42
1 16
1 10
2.38
3 08
49
4 80
40
1 20
1 11
2 40
3 25
48
4 80
43
1 22
1 12
2 47
3 31
50
4 70
41
1 27
1 14
2 51
3 22
50
4 80
43
1 24
1 12
2 50
3 29
47
4 72
43
1 23
1 13
2 57
3 22
52
4 84
42
1 27
1 14
2 53
3 21
52
4 83
44
1 25
1 14
2 63
3 28
51
4 84
43
1 27
4 94
40
1 34
1 22
2 66
3 15
53
4 86
43
1 33
1 19
2 66
3 19
52
Sales, value (unadjusted), total
---
bil. $__
Durable goods industries, tot^l 9
Primary metal
__
Iron and steel
Fabricated metal
Machinery
Electrical
Nonelectrical
Industrial
_
__
_
Transportation equipment
Motor vehicles and parts
Lumber and furniture
Stone clay, and glass
do
do
_ _ do
do
Nondurable goods industries, total 9 -Food and beverage _
Tobacco _ _ _ _ _
Textile
Paper
_ __
Chemical
__ _ _
Petroleum and coal.
Rubber
__
_.
Sales, value (seas, adj.), total
Durable goods industries, total 9
Primary metal
Iron and steel
Fabricated metal
Machinery
Electrical
Nonelectrical
Industrial
__
Transportation equipment., __
Motor vehicles and parts
Lumber and furniture
Stone clay, and glass
Food and beverage
Tobacco
Textile
_
Paper
Chemical _ _ __
Petroleum and coal
Rubber
__
_
Inventories, end of year or month:
Book value (unadjusted), total
Durable goods industries, total 9
Primary metal
Iron and steel
Fabricated metal
Machinery
Electrical
Nonelectrical
Industrial
__
Transportation equipment
Motor vehicles and parts
Lumber and furniture
Stone, clay, and glass
By stages of fabrication:
Purchased materials
Goods in process.. _ _,. __ _
Finished goods
_
do
do
do
do
do
do
do
do
2 53. 90
2
I
62
19
31
80
IQ
2 65
317
r
4 95
r 2 05
r 2 90
r
1 25
r 3 55
5 64
2 28
3 35
1 46
T 78
T 65
4 04
9 52
89
76
16.34
15 76
17 56
4 73
41
1 29
1 17
2 63
3 38
53
r 4 58
r 37
r
r 2 18
gg
5 10
2 13
2 97
1 30
T 3 4g
2 02
r
1 12
r 9 50
r 3 00
r 49
r 5 22
r 2 18
r 3 04
r 1 32
r 3 60
r 2 16
85
r
r 1 31
80
r 88
r 80
16 89
r 4 95
43
r 1 37
1 21
T 2 75
T 3 17
7-
Kg
5 03
41
1 40
1 27
2 88
3 28
57
33 23
r 16 28
2 46
1 60
1 oo
5 29
9 99
3 08
1 37
3 78
2 32
88
77
16 96
4 93
49
1 37
1 99
2 76
3 19
K{>
55. 19
53. 81
53 73
53 77
53 59
53 23
53 62
53 76
54 23
54 59
55 19
55 98
r 56 51
56 86
_do
do
do
do _
30.81
4.69
2.81
2.98
31.23
4.91
3 05
3.00
30.77
4.52
2.68
3.02
30. 63
4.48
2 66
3 02
30
4
2
3
65
45
65
07
30. 49
4 44
2 66
3 10
30. 25
4 52
2 73
3 07
30
4
2
3
30
4
2
3
30
4
2
2
86
74
92
98
30 99
4 82
31 23
4 91
3 05
3 00
31
4
3
3
r 39 33
39
4
2
3
do_
do
do
do
10.27
3.94
6. 33
2.48
10. 31
3 96
6. 35
2.46
10.37
3 98
6.39
2.47
10 38
4 01
6. 36
2.46
10 45
4 08
6.36
2 47
10 37
4 06
6.31
2 44
10 20
3 99
6.21
2 42
10 13
3 98
6.15
2 41
10 08
3 96
6.12
2 42
10 15
3 97
6.18
2 44
10 29
3
6 24
9 44
10 31
3 96
6.35
2 46
10 46
4 02
6.44
2 49
do
do
do
do
6 97
3.14
1.83
1.43
6 93
3.22
1.84
1.46
6 83
2. 96
1.84
1.47
6 70
2.87
1 84
1.48
6 87
3 08
1 83
1 43
6 92
3 16
1 84
1 43
7 01
3"
1 82
1 41
6 99
3 19
1 81
1 42
6 93
3 92
1 84
1 46
7 14
3 36
1 86
1 49
do
do
do
8.20
12. 05
65
85
82
48
6 57
2.80
1 82
1 45
8 13
7 81
7 67
7 66
12 56
12 09
12 08
12 05
10. 86
10. 54
10.94
10.88
r
2
Revised.
1 Advance estimate.
Total and components are end-of-year data.
*Stock-sales ratios are based on the seasonally adjusted sales and inventories series
presented on this page and on pp. S-4, S-6, and S-ll. The ratios are derived by dividing
end-of-month inventory book values by total sales during the month. Data back to 1955
635873°—62
4
7 65
12 00
10.85
85
95
91
27
27
16
31
75
31. 43
30 62
34 56
15 35 r 15 09 r 14 86 r 17 00
2. 18
2 33 '2 26
2 61
1 35
1 47
1 42
1 68
1 62
1 64 r 1 56
1 84
10. 56
6
2
1
1
6
2
1
1
46
70
82
45
59
55
76
05
65
62
82
03
9 99
9 97
no
84
91
02
12
r 4 90
2 99
T 3 29
68
86
92
33
10 67
4 10
6. 56
10 87
r 2 5'>
6.67
2 60
r 7 94
7 97
r
r
r 3 44
r 1 84
1 52
4 10
3 44
1 80
1 54
7 78
7 89
8 01
8 11
8 13
8 09
8 25 •r Q o-i
8 qo
12 26
11 89
12 38
I9 59
12 56
12 50
12 95
12 73
13 07
10.44
10.58
10^26
HL36
HX54
10.27
10! 86 ••11.06
11.' 23
for the manufacturing and wholesale trade segments appear on p. 20 of the June 1961 SURVEY;
data prior to 1961 (recently revised) for total manufacturing and trade and for retail trade
are available upon request.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
S-6
1961
1960
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
T7inrl
nf
1962
1961
Mar.
year
May 1962
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
Inventories, end of year or month— Continued
Book value (unadjusted)— Continued
Nondurable goods industries, total 9 - — bil. $_.
Food and beverage
Tobacco
Textile
Paper
Chemical
Petroleum and coal
Rubber
By stages of fabrication:
Purchased materials
Goods in process
Finished goods
_
23.09
23.10
23.12
23.10
22.97
23.03
23.11
23.37
23.60
23.96
24.14
' 24. 18
24.18
5.44
2.28
2.68
1.68
4.35
3.43
1.13
4.94
2.05
2.81
1.66
4.27
3.26
1.16
4.92
2.01
2.84
1.68
4.27
3.29
1.15
4.83
1.94
2.86
1.69
4.20
3.35
1.14
4.84
1.88
2.82
1.68
4.20
3.36
1.12
4.90
1.80
2.79
1.66
4.19
3.41
1.10
5.12
1.87
2.71
1.66
4.16
3.43
1.09
5.23
1.99
2.65
1.64
4.10
3.49
1.10
5.39
2.07
2.61
1.65
4.16
3.50
1.10
5.46
2.11
2.64
1.66
4.23
3.46
1.11
5.44
2.28
2.68
1.68
4.35
3.43
1.13
5.40
2.34
2.78
1.70
4.35
3.31
1.16
'5.27
2.31
2.83
1.73
4.41
'3.30
1.19
5.17
2.27
2.89
1.76
4.45
3.26
1.23
8.99
3.00
11.10
__ do _
_ .do __.
do
23.05
5.18
2.08
2.63
1.63
4.19
3.32
1.14
do
do
do
do
do
do
do__
23.96
9.38
3.27
11.31
8.93
3.09
11.02
8.90
3.14
11.06
8.86
3.25
11.00
8.79
3.30
11.01
8.72
3.33
10.92
8. 64
3.30
11.08
8.69
3.28
11.14
8.85
3.28
11.25
9.03
3.30
11.26
9.38
3.27
11.31
9.51
3.36
11.26
' 9. 53 9.60
'3.39
3.41
'11.26
11.17
53.74
55. 20
53.31
53.38
53. 37
53. 36
53. 55
54.03
54. 44
54.78
55. 03
55.20
55.73
' 56. 18
30. 86
4.50
2.62
3.12
31.47
4.78
2.89
3.16
30. 30
4.47
2.66
2.95
30.15
4.51
2.73
2.92
30.15
4.51
2.74
2.93
30. 20
4.60
2.84
2.92
30.37
4. 66
2.89
2.95
30. 80
4. 63
2.85
3.02
31.10
4.67
2.85
3.12
31.40
4.73
2.86
3.14
31.53
4.74
2.86
3.15
31.47
4.78
2.89
3. 16
31.88
4.84
2.94
3.23
'32.19
32.39
4.89
4.90
2.98
2.98
' 3. 25 3.28
do__ _
do
do__
do
10.40
4.02
6.38
2.51
10. 46
4.03
6.42
2.49
10.25
3.96
6.29
2.45
10.21
3.94
6.27
2.44
10.20
3.96
6.25
2.43
10.14
3.92
6.22
2.40
10.17
3.95
6.22
2.41
10.19
3.98
6.20
2.40
10.23
3.99
6.24
2.43
10.36
4.06
6.30
2.47
10.42
4.07
6.34
2.47
10.46
4.03
6.42
2.49
10.56
4.12
6.44
2.52
' 10. 65 10.75
'4.14
4.18
' 6. 51 6.56
' 2. 53 2.58 - -
do
do .
do
do__
6.85
3.01
1.84
1.44
6.87
3.12
1,86
1.47
6.69
2.85
1.84
1.41
6.60
2.83
1.83
1.42
6.63
2.88
1.80
1.42
6.64
2.91
1.80
1.43
6.64
2.88
1.80
1.45
6. 95
3.14
1.81
1.48
6.97
3.19
1.85
1.49
7.01
3.18
1.86
1.49
7.04
3.17
1.85
1.48
6.87
3.12
1.86
1.47
7.00
3.24
1.86
1.48
do._
do
do__
8.05
12.06
10.76
8.09
12. 64
10.74
7.91
11.90
10.49
7.81
11.87
10.47
7.78
11.91
10.47
7.60
12.03
10.57
7.70
12.07
10. 60
7.74
12.31
10. 75
7.96
12.40
10.74
8.07
12.59
10.74
8.08
12.70
10.76
8.09
12. 64
10.74
8.32
12.64
10. 93
'8.40
8.51
' 12. 89 12.98
' 10. 90 10.90
do
Book value (seasonally adjusted) , total
' 23. 99 24. 17
_ do _
Durable goods industries, total 9
Primary metal
Iron and steel
Fabricated metal
do
do
do
_- do
Machinery
Electrical
Nonelectrical
Industrial
Transportation equipment
Motor vehicles and parts
Lumber and furniture
Stone, clav, and glass
__
By stages of fabrication:
Purchased materials
Goods in process
Finished goods
7.12
'3.32
'1.84
1.48
56.56
7.15
3.38
1.80
1.49
23.72
23.01
23. 22
23.22
23.16
23.18
23. 23
23. 34
23.38
23.50
23.72
23.84
4.98
2.03
2.67
1.63
4.13
3.31
1.12
5.24
2.17
2.74
1.68
4.28
3. 42
1.13
5. 06
1.98
2.76
1.62
4.19
3.37
1.12
5.14
1.98
2.76
1.64
4.26
3.37
1.13
5.07
1.97
2.76
1.66
4.24
3.37
1.14
5.05
1.96
2.75
1.67
4.24
3.37
1.13
5.09
1.96
2. 75
1. 66
4.25
3.38
1.13
5.12
2.00
2.74
1.68
4.24
3.38
1.13
5.15
2. 05
2.74
1.70
4.20
3.42
1.12
5.15
2.06
2.74
1.70
4.20
3.39
1.13
5.19
2.12
2. 75
1.70
4.21
3.37
1. 12
5.24
2.17
2 74
1. 68
4.28
3.42
1.13
5.27
2.18
2 78
1.70
4.29
3. 36
1. 14
'5.26
2.19
2 78
1.71
'4.31
r
3. 39
1.17
5.29
2.19
•> 81
1.74
4.37
3. 36
1.20
do
do. _
do
Food and beverage
Tobacco
Textile
Paper
Chemical
Petroleum and coal
Rubber
By stages of fabrication:
Purchased materials
Goods in process __
Finished goods
22.88
do
do
do
do
do
do_ _ _
do
Nondurable goods industries, total 9
8.75
3.08
11.05
9. 06
3.37
11.29
8.78
3. 05
11.18
8.88
3.12
11.22
8.97
3.20
11.05
8.97
3. 25
10.94
8.96
3.31
10.91
8.94
3.31
10.97
8.97
3.29
11.07
8.90
3.34
11.14
8. 9fi
3.37
11.17
9. 06
3.37
11.29
9.26
3. 38
11.20
r 9. 35
'3. 40
Ml. 24
9. 45
3. 43
11. 29
34. 04
1
29. 90
1 30. 96
31.35
29.60
31 . 45
32.36
29.34
32.42
32.18
33. 56
32. 44
31.61
' 32. 20 ' 31. 13
do
__ do
do
do
14.24
1.87
1.09
1.62
14. 74
2.18
1.35
1.70
14. 51
2.12
1.27
1.62
14.08
2.06
1.24
1.53
14. 97
2.30
1.41
1.76
15. 90
2.20
1.35
1.89
14.04
1.97
1.20
1.72
15.12
2. 35
1.48
1.99
15.28
2.13
1.29
1.92
16.13
2.23
1.36
1.87
15. 86
2.36
1 52
1.71
15. 81
2.69
1.82
1.68
* 15.89 ' r15. 33 ' 16.38
2.38
2.35
3.01
2.04
' 1.49
1.43
'1.64
1.83
1.75
do
do
do
do
do
4.70
1.97
2.72
1.16
3.38
4.92
2. 00
2.92
1.26
3.22
5.16
1.99
3.17
1.32
2.97
4.73
1.90
2.83
1.16
3.19
4. S3
1.92
2.92
1.23
3.24
5.25
2.08
3.17
1.39
3. 52
4. 55
1.81
2.74
1.14
3.21
4.91
2.00
2.91
1.28
2.85
5.38
2.36
3.02
1.29
2.97
5.38
2.23
3. 15
1.40
3. 57
5.11
2.18
2.93
1.40
3.80
5. 06
2.12
2.94
1.36
3.82
15.66
3.38
12.28
16.23
3.53
12.70
16.84
3.73
13.11
15.52
3.41
12.11
16.48
3.62
12.86
16. 46
3.63
12.84
15.31
3.15
12.16
17.30
3.74
13. 56
16. 90
3.69
13.21
17.43
3.81
13. 62
16. 58
3.74
12.85
15. 79
3.47
12. 32
16.31
3.53
12.78
' 15. 81 17. 66
4.01
'3.58
r
12. 23
13.64
do
29.85
30.41
31.04
31.05
31.28
32.10
32.20
32.63
32.70
32. 85
r 32. 94
' 33. 08 32 77
do
do
do
do
New orders, net (unadjusted) total
13.82
1.88
1.10
1.62
14.38
2.19
1.33
1.58
14.79
2.19
1.32
1.74
14.90
2.20
1.35
1.82
15.02
2.33
1.47
1.75
15.63
2.41
1.52
1.82
15.74
2.31
1.46
1.78
16.07
2.32
1.45
1.75
16.10
2.33
1.48
1.85
16.24
2.82
1.94
1.84
16.43
2.84
1.86
1.93
4.76
1.88
2.88
1.23
3.02
4.74
1.99
2.75
1.20
3.28
4.77
1.97
2.80
1.21
3.36
4.75
1.78
2.98
1.30
3.34
4.87
1.91
2.96
1.24
3.45
5.04
2.10
2.93
1.28
3.61
5.38
2.31
3.08
1.29
3.49
5.42
2.20
3.22
1.38
3.62
5.46
2.33
3.13
1.42
3.53
5.14
2.08
3.06
1.42
3.32
5.37
2.29
3.09
1.42
'3.40
16.03
3.54
12.48
16. 03
3.46
12. 57
16.25
3.52
12.73
16.15
3.52
12.63
16.27
3.49
12.78
16.46
3.64
12.82
16.47
3.64
12.82
16.56
3.63
12.94
16.60
3.67
12.92
16.61
3.66
12. 95
16.51
3.63
12.88
' 16. 89 17.03
'3.75
3.84
' 13. 14
13.19
do
Durable goods industries, total 9
Primary metal
__
Iron and steel
Fabricated metal
Machinery
Electrical
Nonelectrical
Industrial
Transportation equipment
Nondurable goods industries, total
__ do _
Industries with unfilled orders©
do
Industries without unfilled orders^ __
do
New orders net (seas adjusted) toti;il
Durable goods industries, total 9
Primary metal
Iron and steel
Fabricated metal
Machinery
Electrical
Nonelectrical
Industrial
Transportation equipment
_do__
do
do. __
do
do
Nondurable goods industries total
Industries with unfilled orders©
Industries without unfilled orders^
—
_ _ _"
do
do
do
Unfilled orders, end of year or month (unadjusted),
total
bil $
r
5.01
2.03
2. 98
1.38
3. 47
' 5. 14
' 2. 07
'3.08
'1.36
'3.48
5.63
2.16
3.47
1.52
3.72
' 16. 19 ' 15. 74
'2.33
2.20
1.45
1.34
'1.83
1. 85
'5.35
'2.23
' 3. 12
'1.38
'3.70
5.20
2.06
3.14
1.39
3.69
45.37
48.20
45.59
45.83
45.80
45.95
46.82
47.24
47.40
47.54
47.80
48.20
r
48. 97
' 49. 46 48.94
do. _ _
do
do
do
42.85
3.41
2.28
2.73
45. 12
4.76
3.48
2.98
42.72
3.75
2.62
2.78
42.84
3.87
2.71
2.76
42.64
3.95
2.76
2.79
42.79
3.88
2.72
2.85
43.66
3.99
2.77
2.93
44.10
4.14
2.87
2.90
44.30
4.09
2.81
2.95
44.46
4.06
2.79
2 93
44.66
4.25
3.01
2.93
45.12
4.76
3.48
2.98
r 45. 92
5.45
4.04
3.10
' 46. 37 45.75
'5.57
5.30
4.11
3.86
3.18
3.16
do
do
do
do
do
17.48
10.21
7.28
3.38
14.93
18.10
10.29
7.80
3.53
14. 64
17.42
10.01
7.41
3.44
14.39
17.37
10.04
7.33
3.40
14.38
17.24
10.02
7.22
3.36
14.13
17.34
10.06
7.28
3.40
14.04
17.58
10.18
7.41
3.42
14.40
17. 59
10.15
7.44
3.43
14.75
17.95
10.40
7.54
3.44
14.65
18.10
10.40
7.71
3.48
14.68
18.18
10.38
7.79
3.54
14.64
18. 10
10. 29
7.80
3.53
14.64
18. 27
10.29
7.98
3.69
' 14. 38
' 18. 47 18.47
' 10. 31 10.19
'8.16
8.28
3.85
'3.80
' 14. 30 13.98
2.99
3.17
2.87
2.52
3.08
do
2
Advan ce estim ate.
Revised.
1 Total and components are monl hly avei•ages,
9 Includes data not shown separately.
©Includes textiles, leather, paper, and print! ng and publishiidg indus tries; UE filled
orders for other
nondurable goods industries are zer 0.
3.16
Durable goods industries, total 9 .
Primary metal
Iron and steel
Fabricated metal
Machinery
Electrical
Nonelectrical
Industrial
Transportation equipment
Nondurable goods industries total 0
r
-
3.16
3.14
3.13
3.11
3.05 '3.09
3.08
3.09
3.19
1*"or these5 industr ies (fooc , beverages, tob acco, ap parel, pe troleum chemic als, and
rubbe r) sales a re consid ered equ al to new orders.
SUEVEY OF CUEEENT BUSINESS
May 1962
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
| 1961
Monthly
average
S-7
Mar.
Apr.
May
June
1962
Aug.
July
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS INCORPORATIONS*?
New incorporations (50 States):©
Unadjusted
Seasonally adjusted*
15, 128
16, 783
14, 658
14,815
15 327
16, 371
15 225
16, 418
15 342
14, 483
15 539
15,079
15 213
13, 616
15 419
15, 492
16 286
14 045
16 149
14 802
15 818
18, 343
15 124
14, 365
15 809
17 196
15 713
1,287
1,423
1,610
1,441
1,545
1, 403
1,275
1,604
1,285
1,446
1,335
1,278
1,447
1,353
1,490
114
217
218
615
123
123
229
235
691
144
135
266
271
786
152
131
245
238
704
123
123
255
269
731
167
123
222
218
696
144
111
196
223
633
112
129
262
260
789
164
139
183
182
614
167
118
221
217
731
159
122
206
258
624
125
104
215
232
606
121
114
231
213
749
140
110
251
216
625
151
143
276
228
701
142
90, 844 126, 622
86, 114
80, 471
83, 828
69, 168 102 693 116,664
70, 257 119,214
65 489
106,609
90 499
80 878
6, 694
16, 084
27, 107
27, 754
13, 205
13, 344
20, 283
26, 579
51,185
15, 231
7, 093
13.127
23. 215
32, 562
10,117
6, 798
19,162
18, 944
24 776
10, 791
8, 762
12, 500
26, 590
27 192
8,784
3,946
13,786
14, 881
27 3C4
9,251
6, 358
27, 716
26 175
29 384
13,060
10, 950
10, 048
66, 737
17 927
11 002
3,485
14, 583
17, 930
21 524
12, 735
5 070
18, 883
35 237
23 494
36 530
3 453
16, 743
19 723
18 361
7 209
8 858
19,017
39 071
28 886
10 777
5 134
26, 495
25 023
24 611
9 236
9 998
15,612
22 421
25 044
7 803
164.4
62.9
60.8
64.3
60.7
62.5
74.4
67.5
69.5
63.8
63.6
62.9
61.1
59 4
number. _ 15, 226
do
INDUSTRIAL AND COMMERCIAL
FAILUREScf
Failures, total
-
number..
Commercial service
Construction
Manufacturing and mining
Retail trade
"Wholesale trade
_-
do __
do
do __
-do
do
thous. $-_ 78, 219
Liabilities (current) total
Commercial service
Construction
_ _ _ _ _ _ _
Manufacturing and mining
Retsil trade
Wholesale trade
- .
.
8,281
do
16, 781
do
do__ _ 24, 136
20, 091
do
do_ _. 8,930
Failure annual rate (seasonally adjusted)
No. per 10,000 concerns. _
157.0
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
Prices received, all farm products
.1910-14= 100. .
Crops
.
Commercial vegetables
Cotton
Feed grains and hay
Food grains
Livestock and products
Dairy products
Meat animals
Poultry and eggs
Wool
.
_
240
243
239
236
234
237
241
242
240
238
240
242
243
244
242
221
227
254
151
203
226
221
259
151
209
224
217
240
150
208
226
228
249
145
202
230
233
250
151
203
231
253
261
152
200
232
261
265
156
201
229
214
276
154
209
229
198
277
156
214
226
195
286
154
217
223
213
280
149
218
224
213
269
150
219
224
252
257
152
218
227
285
246
152
219
233
317
248
153
223
236
306
268
155
9
24
do
do
do
do __
.
Fruit
.
Oil-bearing crops
Potatoes (incl dry edible beans)
Tobacco
238
do
do
do
do
do
236
214
204
500
245
257
162
524
260
264
161
516
250
286
178
516
261
285
176
517
260
261
177
516
241
261
189
516
244
259
162
523
257
242
148
542
228
242
134
537
209
248
134
530
217
250
130
544
209
250
127
538
217
253
125
543
229
252
132
543
^21
255
137
543
253
259
296
160
237
251
259
299
146
230
259
256
309
160
226
251
247
305
145
231
241
241
292
139
239
236
240
286
131
238
241
248
288
13«
232
251
257
302
142
231
252
266
303
138
230
252
274
297
141
228
250
275
291
140
228
255
273
299
146
229
256
266
304
149
231
257
264
305
154
237
254
254
307
147
240
246
241
303
139
'?53
275
290
265
276
291
266
277
290
'269
277
290
267
277
291
266
275
290
265
275
290
264
276
290
265
276
291
266
276
291
265
276
291
265
277
292
267
278
293
268
279
294
268
279
294
269
9$Q
299
301
302
302
302
300
300
301
301
301
301
302
304
305
305
306
80
80
80
79
78
78
79
80
80
80
79
79
80
80
80
79
do
do
do
do
do__ _
Prices paid:
All commodities and services
do _
Familv living items
do
Production items
do
All commodities and services, interest, taxes, and
wage rates (parity index)
1910-14=100
Parity ratio §
do
294
270
CONSUMER PRICESJ
(U.S. Department of Labor Indexes)
1957-59=100.-
103, 1
104.2
103.9
103.9
103.8
104.0
104.4
104.3
104.6
104.6
104.6
104.5
104.5
104 8
2 105 0
do__ _
do
103. 7
103. 0
104. 8
104.2
104.4
103.8
104.3
103.8
104. 5
103. 7
104. 6
104.0
104.8
104.4
104. 9
104. 3
105. 3
104.5
105. 5
104. 7
105.6
104.5
105.5
104.4
105.3
104 4
105 5
104 8
105 7
105 0
do
do
do
do
101.7
101.9
100.7
105. 6
102.4
102.8
100. 5
107.6
102.2
102. 8
99.2
107 2
102.1
102.6
99.9
107.3
101.9
102.4
100.0
107 4
102. 2
102.6
100. 4
107 5
102 8
103.2
100 6
107 6
102.5
102.9
101.0
107 7
102 8
103.1
101 0
107 9
102 9
103.0
101 7
108 0
102 6
102.7
101 9
6
108
102 4
102. 6
101 1
108 5
102
102
100
108
3
6
8
7
102 7
103 1
100 8
108 9
102
103
100
109
do
do
do
do
do
102. 1
101.4
103.2
103.8
99.1
102.8
102.6
104.8
104.2
99.3
102.4
102.7
104 7
103.4
101.0
102.1
102.7
104 2
106. 3
100.2
102.2
102 3
103 8
107.0
98.5
102. 2
102. 5
103 6
109.5
97.4
102. 5
103.4
104 2
111.8
97.7
102.5
102 7
104 7
107.1
98.3
103.6
102 6
105 1
102.3
99.2
103.9
102 5
105 1
99.4
99.5
103.7
101 9
105 5
98.4
98.5
103.5
102 0
105 6
99.8
98.5
101.8
102 5
105 6
100.6
99.8
102.0
103 1
105 1
102.9
100.6
102. 7
103 2
105 0
104. 4
100.6
Housing?
Gas and electricity
Housefurnishings
Rent
do
do
do
do
103.1
107.0
100.1
103.1
103. 9
107.9
99.5
104.4
103.9
108.0
99.8
104 1
103.8
107.9
99.7
104 2
103.7
108.2
99.4
104 3
103.8
108. 3
99.8
104 4
103.8
107.7
99.5
104 4
103.8
107.7
99.1
104 4
104.0
107.8
99 7
104 7
104.1
107. 8
99 5
104 8
104.2
107.8
99 3
104 9
104,4
107.8
99 2
105 0
104.4
107.8
98 7
105 1
104.6
107.9
99 3
105 2
104.6
107.9
99 5
105 3
Medical care
Personal care
Reading and recreation
do
do
do
108.1
104.1
104.9
111 3
104. 6
107.2
110 4
104 3
106.6
110 7
104 4
107.2
111 0
104 4
107.0
111 3
104.5
106.6
111 6
104 8
107.2
111 7
104 8
107.4
111 9
104 8
107 9
112 3
104 6
108 3
112 4
104 8
108 1
112 5
105 2
108 2
112 6
105 6
108 5
113 0
105 8
109 1
113 6
105 9
109 2
do . . 103.8
do
103 2
do
107.0
do
103.8
105. 0
104 0
111.7
104.6
103. 4
102 4
110 5
104.1
103.5
102 4
110 9
104.1
104.0
103 0
110 9
104.5
104.8
103 8
111 3
104. 5
105 3
104 3
112 0
104.9
106 0
105 0
112 3
104.9
106 0
105 1
112 5
105.0
106 7
105 8
112 5
105.0
106 8
105 9
112 7
105. 0
106 0
104 9
113 3
104.9
106 0
104 8
114 7
104.9
106 0
104 7
114 8
105.0
105 9
104 6
114 9
105. 1
Allitemst .
Special group indexes:
All items less food
All items less shelter
All commodities
Nondurables _
Durables
Services
Apparel. _ _
Food 9
-Dairy products
Fruits and vegetables.
Meats, poultry, and
Transportation
Private
Public
Other goods and services
fish
. .
r
2
Revised.
1 Based on unadjusted data.
Index based on 1947-49=100 is 128.8.
cf Data are from Dun & Bradstreet, Inc.
©Figures in 1961 BUSINESS STATISTICS volume
cover 49 States (Alaska not included); see July 1961 SURVEY for unadjusted data back to January 1960 for 50 States.
*New series. Data for Jan.-Dec. 1959 (49 States) appear in the
Oct. 1961 SURVEY. Seasonally adjusted data (50 States) have been revised beginning Jan.
1960; data for Jan-.Dec. 1960 are as follows (number): 16,561; 15,274; 15,233; 15,280; 15,176;
15,630; 15,828; 15,114; 15,112; 15,240; 14,281; 14,167.
8
2
9
0
§ Ratio of prices received to prices paid (including interest, taxes, and wage rates).
JData reflect conversion to the 1957-59=100 reference base period. Monthly and annual
data for earlier periods are available upon request from the U.S. Department of Labor, Bureau
of Labor Statistics, Washington 25, D.C.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
S-8
1961
1961
1960
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
Monthly
average
Mav 1062
Mar.
Apr.
May
June
July
1962
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
COMMODITY PRICES—Continued
WHOLESALE PRICES^ J
(U.S. Department of Labor Indexes)
All commodities!
100. 7
101.0
100. 5
100. 0
99.5
99.9
100. 1
100.0
100. 0
100. 0
100. 4
100.8
100.7
100.7 !
96.1
100.3
101.4
97.4
100. 9
102. 0
96.8
100. 9
101.2
95.3
100. 4
100.7
93.7
100. 0
100. 7
94.8
99.9
101.2
97.0
99.8
101.3
96.0
99.9
101.2
95. 9
99.7
101.2
95.4
100. 0
101.3
96.4
100. 3
101. 5
97.8
100. 3
102.1
97.5
100.2
102.1
97.7 !
100. 2
101.8
' 99. 6
101. 3
100. 8
101. 2
99.9
101.4
99. 0
101.4
98.2
101.4
98.9
101.4
99.3
101.3
99.2
101.3
99. 1
101. 1
99.3
101. 1
99.7
101. 1
100. 5
101. 1
100. 3
101.2
100. 1
101.2
96.0
93. 7
' 95. 6
92. 5
98.1
99.8
95.2
96 6
96.6
94.4
91.9
95 3
94.8
95. 6
93.2
90 9
92.9
97.4
92. 4
87. 6
95. 1
98. 3
96.9
87 7
96.7
91.7
97.3
93.3
95.2
89.4
97.2
90. 2
95. 1
89.1
97.0
89 4
95.6
89.9
98.8
89 4
95.9
87.2
98.4
92 4
97.9
97.0
97.2
95 7
98.2
103. 9
96.7
94 5
98. 5
105.7
97.4
95 7
96. 6
101. 0
101.4
do
do
do _
do_ __
do
100. 3
r
1957-59=100
By stage of processing:
Crude materials for further processing
Intermediate materials, supplies, etc
Finished goodsO
- By durability of product:
Nondurable goods
___
Durable goods
99.9
r
101.7
r
Farm products 9
do
Fruits and vegetables, fresh and dried—, do _ _
Grains
_ _ do _.
Livestock and live poultry
do
96.9
100. 6
94.2
96. 0
Foods, processed9
do
Cereal and bakery products
do
Dairy products and ice cream
do
Fruits and vegetables, canned, frozen
do
Meats, poultry, and
fish
...do
99.9
103. 2
105.0
99.5
97.8
«• 100.6
105. 1
r
107.5
' 101.7
95.4
101.6
104. 7
106.9
103. 7
97.1
100. 8
104.7
106.2
103. 3
95.3
99.7
104.7
105. 8
101.3
92 8
98.9
104. 8
106. 0
101. 1
90.9
99. 7
105. 0
106. 6
101. 5
93. 5
100. 2
105. 0
107.2
99.9
95. 8
100. 2
105.3
108.0
99.8
95.3
100.4
106.0
109 5
100.4
94.7
100.1
106.1
109.6
100.5
93.6
100.9
106. 1
110 2
100.4
95.9
101.8
106.9
109 1
99.3
99.2
101.7
107.3
109 1
99 8
98.7
101.4
107.4
108 0
98.9
98.4
101.3
r
100. 8
101.2
101. 1
100. 8
100. 6
100. 6
100. 6
100.7
100.5
100.7
100. 9
101.0
100.8
100. 7
99. 1
98.4
98.3
87.5
104. 3
103 6
100. 1
99.6
99.0
95.8
104.7
103. 7
100.2
99.6
99.0
103.1
104.7
103. 7
99.9
99. 3
98.8
102.0
104.7
103.7
99.4
98.8
98.8
89.8
104.7
103. 7
99.0
97. 9
98.9
86.7
104.2
103 7
98.6
97. 7
97.6
84.9
102. 6
103. 7
98.3
97.5
97.0
80.9
102.8
103.7
98.2
97 3
97. 1
78 1
104.4
103 6
98. 1
97 3
97.3
76.4
104.7
103.6
98. 1
97 1
97.3
78 4
104.7
103 6
98.4
97 3
97.2
83 0
105.8
103 7
98 1
96 8
97. 1
77 0
106.3
103 7
98. 0
96 7
97. 1
80 8
103.7
103 7
102. 9
99.6
102. 4
121.8
102. 7
100.9
97.0
102. 5
118.3
99.7
99.5
95. 2
102.4
118. 7
97.2
100.1
95.4
102. 3
115. 4
98. 9
100.4
96.3
102. 5
115.6
99. 3
100.2
96.7
102.4
116.6
98.8
99.6
97.4
102.4
116.9
97.3
99.0
98.0
102.5
119 4
95.8
99.8
98.3
102.6
119.3
97.2
100.6
98 6
102.5
118 4
98.9
101.0
98.7
102.5
118 1
99.6
100.4
98.7
103.0
122 0
97.8
98.9
98.7
103.1
119 4
95.3
99 5
95.2
102.8
91.4
97 1
99.4
95. 3
102. 5
93.2
98. 3
99.6
95. 3
102. 5
92.9
98. 3
99 6
95.2
102 6
92.8
96 4
99 6
95. 1
102 6
92. 7
97 1
99 5
95. 1
102.6
91.8
97 9
99 3
95. 1
102. 6
90.2
96 9
99.4
95. 1
102.9
89.3
96 9
99 4
95.2
103.1
89.3
96 1
99 5
95. 1
103.5
89.4
96 1
99 3
94 9
103.3
89.4
r
96 2
99 3
95 0
103.4
89 4
93 7
99 1
95 0
103.5
87 8
93 7
99 0
95 0
103.4
87 1
93 7
106 2
107. 4
107 9
106.0
104 5
106. 8
101. 4
102. 2
104 Q
106.8
100. 3
104.2
105 7
106.9
104. 7
106. 1
105 1
106. 9
100 4
104.6
106
106.
112
104.
108
107.
122
108.
108
107.
121
109.
4
8
7
7
108 9
108. 4
121 2
111.5
108 6
108. 5
117 4
110.7
108 2
108 5
112 5
110.5
108 2
108^5
110 1
110.9
107
108
105
110
7
5
4
6
107 5
108 7
103 8
109.6
95. 9
94.7
95.4
94.0
97.5
95.7
97.2
96.1
97.4
96 1
95.9
95 0
95.6
94 7
94.8
94 0
94.8
93 8
94.6
93 7
94.7
94 0
95.2
94 g
96. 2
95 7
10° 3
107. 4
107. 5
100. 0
100. 7
102. 5
107. 1
107. 4
101.1
100. 6
102.
107.
107.
100.
100.
3
2
6
0
7
102.3
107.2
107 6
99.9
100.7
102 4
107. 3
107. 4
99.9
100 8
102
107.
107
100.
100
2
3
5
0
8
102 0
107.4
107 6
99. 1
100 8
102.0
107.2
107.6
99.1
100.7
102 1
107.4
107 6
99.5
100 5
102 2
107.8
107 6
99.5
100. 4
102 3
108.5
107 6
99.5
100 3
102 3
108.8
107 7
99.0
100 3
102 3
109.2
107 6
98.9
100 2
102 3
109.4
107 6
98.8
100 1
100. 7
94 6
100. 7
100 4
100. 4
94 1
100.8
98.9
100.6
94 7
101.1
99.0
100. 8
94 9
100.7
100 5
100.9
94 9
100. 8
101 1
100.9
94 9
100.6
101 5
101.2
95 0
100. 9
101 8
101.3
94 7
101.1
101 9
100.9
94 4
100.9
100 9
100.4
94 0
100.1
100 2
100.6
94 5
100.2
100 8
100.7
94 2
100. 6
100 5
100.6
94 1
100.4
100 3
100.4
94 0
99.8
100 1
101. 9
103.3
102 4
102.9
101.9
103. 3
102 5
102.9
101.8
102. 9
102 5
102.9
101.6
103.0
102 5
102.9
101.7
103 0
102 5
102.9
101.8
103 1
102 5
105.0
101.8
103 2
102 6
105. 0
102. 1
103 3
102 7
105.0
101.9
103 3
102 5
105.0
101.6
103 3
102 4
105.0
101.9
103.4
102 4
105.0
102.1
103.5
102 8
105.0
102.2
103 6
102 8
105. 0
Commodities other than farm products and foods
1957~59=100_Chemicals and allied products 9
Chemicals industrial
Drugs and Pharmaceuticals
Fats and oils inedible
Fertilizer materials
Prepared paint
do
do
do
do
do
do
100.2
100.5
100.2
81.5
102.2
100. 7
Fuel and related prod., and power 9
do__._
Coal
do
Electric power
Jan. 1958=100..
Gas fuels
do
Petroleum products, refined
1957-59=100
99.6
98.8
101.9
116.6
297.6
Furniture other household durables 9
Appliances, household
Furniture, household
Radio receivers and phonographs
Television receivers
do
do
do ._
do
do
100. 1
97.0
101.6
95.2
98.1
Hides skins and leather products 9
Footwear
Hides and skins
Leather
do
do
do
do
105 2
107. 0
100.5
103. 5
__do
do
r
r
100.4
99.8
Lumber and wood products ._ _ _
Lumber
Machinery and motive prod 9
Agricultural machinery and equip
Construction machinery and equip
Electrical machinery and equip
Motor vehicles
do
_ do
do
do _
do
102. 4
105. 4
105.8
101.3
101. 0
T
r
r
100.7
97.7
102. 4
118.7
99.3
T
r
r
1
1
9
4
6
96.9
95 9
0
4
2
4
Metals and metal products 9
Heating equipment
Iron and steel
Nonferrous metals
do
do
do _ _
do
101.3
98.2
100.6
103.9
Nonmetallic mineral products 9
Clay products structural
Concrete products
Gypsum products
do
do
do
do .
101.4
103.1
102.4
101.9
101.8
103.2
102 5
103.8
Pulp paper and allied products
Paper
do
do
101.8
102.0
98 8
102.2
100 4
102.2
100 1
102.0
96 3
102.0
96 6
102.4
96 6
102.4
96 5
102.4
98 9
102.0
99 6
102.0
99 2
102.0
99 6
102.0
99 9
102.0
99 9
102.5
100 6
102. 5
Rubber and products
Tires and tubes
do
do_ -
99.9
93.0
96 1
92.4
96 5
92.1
96 7
93.0
96 8
93.0
96 3
93.0
95 9
92.9
96 2
92.9
96 3
92.9
96 2
92.9
95 5
92.0
94 5
89.9
94 3
89.1
93 3
86.7
93 9
88.0
do_ _
. d o ..
do
do _
do
do
101.5
101.3
104.4
97.5
105.7
98.2
99.7
101. 0
100 4
r
93.4
113.2
T
97.1
99.7
100.8
100 0
94.1
111.3
95 7
99.4
100.8
99 6
93.5
111.3
96.3
99.3
100.7
99 6
93.0
113.0
97 0
99.0
100.8
99 2
92.6
112.4
97 1
99.2
100 8
99 4
92.6
112.8
97 3
99.5
101. 0
100 2
92.6
117.1
97 8
99.7
101. 1
100 9
92.6
117. 1
98 2
100.1
101.2
101 5
92.6
114.6
97.7
100.2
101.2
101 7
93.1
114.2
97.7
100.3
101.2
101 9
93.2
111.4
97.7
100.3
101.2
102.0
93.3
111.5
97.8
100.4
101.2
102 2
93.3
113.2
98. 1
100. 5
101.3
102 4
93.6
116.3
98.3
103. 2
100.6
101.4
102.8
100.7
101.4
102.7
100. 5
101.4
102.8
100 6
101.4
102.8
100 6
101.4
103.1
100 5
101.4
103.3
100 5
101.4
103.8
100 6
101.4
103.8
100 5
101.4
103.8
100.6
101.4
103.8
100.5
101.4
103.8
100.7
101.4
103.8
100.7
101.4
104.0
100.8
101.4
99.3
100. 2
103.9
100. 9
104.3
100. 7
105 3
100.8
107 2
100.7
103 4
100. 7
103 0
100.8
103 0
101.4
103.0
101.3
100.7
101.6
105.1
101.6
106.3
100.9
106. 7
100.5
105.6
100. 3
105.6
100.7
99 3
97.0
99 7
96.0
99 0
96. 2
99 5
96 2
100 0
96 3
100 5
96 2
100 1
95.8
99 9
95 9
100 0
95.6
100 0
95 6
100 0
95.6
99 6
95.7
99 2
95.7
4
<99. 3
4
95. 2
-
Textile products and apparel 9 .. Apparel
._
Cotton products
Manmade fiber textile products
Silk products
Wool products
Tobacco prod, and bottled beverages 9 .—do - - 102. 5
100.3
Beverages, alcoholic
.
do
101.4
Cigarettes
. . _ _ . do .
Miscellaneous
__
Toys, sporting goods
do
_.do_-_
r
T
r
r
3
-
PURCHASING POWER OF THE DOLLAR!
As measured by —
Wholesale prices
Consumer prices
1957-59=100
do. ..
r
l
2
Revised.
Formerly titled fuel, power, and lighting materials.
Petroleum and
3
products index, published through 4
Dec. 1960, has been discontinued.
Formerly titled
nonmetallic minerals, structural.
Indexes based on 1947-49=100 are as follows: Measured
by—wholesale prices, 83.6 (Feb. and Mar.); consumer prices, 77.6 (Mar.). cfFor actual
wholesale prices of individual commodities, see respective commodities. JData reflect con-
99.3
95.4
version to the 1957-59=100 reference base period. Monthly and annual data for earlier
periods are available upon request from the U.S. Department of Labor, Bureau of Labor
Statistics, Wash. 25, D.C.
O Goods to users, including raw foods and fuels.
9 Includes
data not shown separately.
SURVEY OF CURRENT BUSINESS
May 1962
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
Monthly
average
S-9
1962
1961
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Xov.
Deo.
Jan.
Mar.
Feb.
Apr.
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE
mil. $__
4, 783
3, 979
4,372
4, 853
5, 301
5, 274
5, 402
5, 473
5, 325
5, 190
4, 659
4,082
' 3, 773
' 4, 103
4, 531
3,300
3, 364
2.842
3, 110
3 442
3. 690
3 734
3,723
3.740
3 698
3, 603
3. 345
2 962
T
r
3, 288
1,879
1, 368
1, 875
1, 349
1 483
1,056
1 973
1,256
619
2 109
1,578
428
469
2, 138
1. 407
2 125
1, 524
337
1, 735
1,173
428
2,122
1,602
417
2 094
1,607
383
2. 053
1 . 563
388
1. 896
1,432
366
1 629 ' 1 47'>
1 208 r 1,078
324
' 298
847
238
348
172
107
444
896
230
389
193
123
449
831
246
345
160
100
406
809
234
337
150
116
428
842
226
363
170
136
467
900
219
401
205
156
473
932
216
419
220
164
491
937
213
416
215
160
497
949
218
421
220
147
503
954
221
425
224
127
504
948
221
424
228
112
472
908
221
398
203
97
427
863
225
365
175
92
360
do
1,329
1,420
1,137
1,262
1,411
1, 611
1,540
1, 679
1,733
1,627
1,587
1,314
1, 120
do
do
do
do
Private total?
4, 630
do __
New construction (unadjusted), total
399
116
455
359
450
98
562
430
462
113
651
453
463
138
685
447
459
78
651
439
418
165
603
401
391
79
490
354
Residential (nonfann) 9
do
New housing units
do
Additions and alterations
do
Nonresidential buildings, except farm and
public utilities, total 9 _
mil. $
Industrial
do
Commercial 9
-do
Stores, restaurants, and garages*
do
Farm construction
_
do
Public utilities
_
_
do
Public total
...
Nonresidential buildings _
Military facilities
TTighwavs
Other types
_
433
428
114
485
393
New construction (seasonally adjusted at annual
rates) total
mil $
Private total 9
403
119
271
344
433
118
338
373
440
127
435
409
468
136
574
433
501
' 1 620
r
835
294
346
163
r
90
r
355
r
1,004
r
385
54
332
349
353
r 70
r
241
340
2, 974
1. 184
'342
833
221
348
167
'98
481
'404
r
839
993
348
161
108
432
1. 129
1, 243
'393
T
79
' 279
'378
410
79
355
399
55 794
55, 504
55 518
57, 206
57 039
57, 983
58,910
58 905
61 , 037
58, 910
59 019 '56 811 '57 435
57 510'
38 986
39 232
40 328
41 176
41 281
41,709
41 767
42, 044
41. 881
41 077 '39 909 '40 362
41 303
20 508
21 042
21 257
22 271
23 118
23 30(5
23, 782
24 026
24, 504
24, 440
23 187 '22 245 r 22 368
23 ()'>9
10, 960
2 957
4 743
2 338
1 334
5 398
10, 803
2,921
4 636
2, 192
1 508
5 323
10, 628
2 849
4 515
2 095
1 686
5 383
10, 584
2, 750
4 510
2, 141
1 839
5 382
10, 608
2 672
4 578
2 255
1 759
5 457
10, 629
2, 588
4 646
2,347
1 654
5, 470
10,711
2, 610
4 718
2, 398
1 590
5, 42'>
10,656
2 608
4 681
2 388
1 472
5 404
10,540
2, 554
4, 608
2,413
1 416
5, 380
10. 564
2, 537
4,641
2,434
1.337
5. 337
10, 982
2, 590
4 928
2, 612
1 316
5 357
11,241
2 792
4 800
2, 353
1 398
5 379
10, 849
2 592
4 756
2 444
r I 9g4
r
r
5 "?74
11,033
2. 653
4 795
2, 442
' 1 316
' 5 376
do
17 283
16 518
16 286
16 878
15 863
16 702
17 201
17 138
1 8 993
1 7. 029
17 942
_ do
do
do
5, 221
1, 764
5, 662
5, 222
1,651
5, 060
5, 186
1 507
4,983
5, 229
1,382
5, 527
4 963
1 140
5', 128
5, 044
1, 153
5, 762
5, 091
1,404
5, 960
5, 1 05
793
6,340
5.172
1,760
7,099
5. 073
982
6, 235
5, 051
791
7, 250
3 529
3, 543
3 004
103
954
2, 050
3 291
114
1 021
2 270
3 008
116
942
2,066
2 712
119
1,091
1 621
2 658
115
922
1 736
2 749
119
877
1 871
3 986
Public total 9
Nonresidential buildings
Militarv facilities
Highways
1,891
1.314
38 511
do
Residential (nonfarm)
do
Nonresidential buildings, except farm and
public utilities, total 9
mil.$__
Industrial
do
Commercial 9
do
Stores restaurants and garages*
do
Form construction
do
Public utilities
do
CONSTRUCTION
632
2 769
!6 90'> '17 073
16 207
4, 933
' 5, 120 ' 5, 095
' 1 248 ' 1 172 1 090
5,414 ' 5, 771 5, 308
CONTRACTS
Construction contracts in 48 States (F. W. Dodge
Corp.):
Valuation, total
mil $
Index (mo. data seas, adj.)*
1957-59=100__
Public ownership _ _
_
mil. $ _
Private ownership
do
By type of building:
Nonresidential
do
Residential
do
Public works
do
Utilities .
__
do
Engineering construction:
Contract awards (ENR) §
do
Highway concrete pavement contract awards :cf
Total
thous. sq. yds__
Airports
_
do
Roads___
do
Streets and alleys
do
3,026
105
1,049
1,978
3,114
3 166
3 298
3 501
3 602
1,052
2,062
1,090
2,075
103
102
1,170
2,128
1,127
2 374
1, 235
2,367
1 265
2 263
1, 158
2, 384
1,020
1,259
1,019
1,348
1,027
1,371
1,050
1, 454
1,105
1,553
1,221
1,558
1 154
1 502
1,087
1,589
710
163
687
179
987
1.381
534
103
1 005
1 498
631
156
1,095
1,306
496
111
883
1,125
597
107
853
1, 190
527
88
893
1, 192
488
176
1 325
1 552
579
169
108
581
166
104
625
142
639
154
623
219
111
632
191
110
116
131
1,475
2 511
806
303
1,888
1,832
1,912
1,817
1 789
2,392
1 883
2,^20
1 657
1 869
2 071
1 351
1 501
1 806
'> 151
9,315
621
5, 653
3,041
8,939
476
5, 390
3,073
7, 762
980
5, 083
1,699
10, 522
202
7,232
3. 088
10, 482
110
5,994
4 378
11,216
582
6,119
4,514
9,041
938
4 328
3 774
11,765
802
7, 058
3,906
6,929
304
3, 203
3 423
8,671
174
5 418
3 080
9,192
327
5,117
3 748
5. 706
11?
4,114
1 479
8. 896
382
6 338
2 176
6,386
416
4 712
1 257
6, 530
C
408
4 170
1 953
108.0
84.1
104.3
113.0
81.7
108. 6
109.7
80.1
104.6
115.3
85.4
111.0
130. 7
97.9
126 6
138.3
100.6
132 4
128.5
97 6
125 2
130.1
96.1
127 0
128.2
91 5
122 4
128.9
94 1
194 0
105. 5
74 1
102 5
86.7
54 4
82 4
'83.0
r
54 4
r 80 6
'77.4
53 3
T 75 9
115.7
106.2
74.0
102.5
110.6
78.0
106.3
107.3
79.1
102.2
113.0
79 7
108.7
128.3
89.5
124.2
135.3
92 5
129.5
126 0
87 2
122 7
127.4
87 5
124.2
126 5
90 9
120 7
126 4
88 0
121 5
103 8
71 9
100 8
84 5
62 7
80.2
T
r 76 3
113 9
81 0
112 2
1,296
1, 262
1 166
1, 143
1 291
1,268
1 381
1, 351
1 343
1 318
1 326
1 301
1 383
1 365
1 434
1*404
1 351
1 328
1 297
1 257
144
145
145
145
145
145
145
144
145
746
747
809
821
708
722
748
819
«21
71^
722
747
815
819
711
731
747
815
815
711
731
HOUSING STARTS
New housing units started:
Unadjusted:
Total, incl. farm (public and private)
One-family structures.
Privately owned
_
thous__
do
do
Total nonfarm (public and private). _ do
In metropolitan areas
do
Privately owned. _
do_
Seasonally adjusted at annual rates:
Total including farm (private onlv)
Total nonfarm (private only)
do
do
81 7
r 59 9
r
79 3
r \ 973 T
r
r I 247
r 55 8
r 74 g
\ 149
114 0
1 131
1 409
1 383
145
147
147
748
£24
305
711
733
748
824
895
711
733
749
CONSTRUCTION COST INDEXES
Department of Commerce composite
1947-49=100..
American Appraisal Co., The:
Average, 30 cities
Atlanta. _ _
New York
San Francisco
St Ivouis
144
1913=100 _
do_ __
do
_ _
do
do
722
793
783
677
700
145
741
810
814
703
720
733
807
808
696
713
735
808
808
696
713
737
808
808
696
721
Associated General Contractors (building only)
533
543
542
538
1913=100..
538
c
' Revised.
Corrected.
9 Includes data not shown separately.
*For data prior to Aug. 1960 for stores, restaurants, etc., see Bureau of Census reports;
data prior to Mar. 1961 for F. W. Dodge index will be shown later.
740
809
810
704
721
547
146
742
809
820
706
722
809
820
706
7U>2
147
824
825
711
735
547
547
547
547
547
547
550
550
550
552
§Data for Mar., June, Aug., and Nov. 1961 and Mar. 1962 are for 5 weeks; other months,
4 weeks.
cfData for May, Aug., and Oct. 1961 and Jan. 1962 are for 5 weeks; other months, 4 weeks.
SUEVEY OF CURRENT BUSINESS
S-10
1960 | 1961
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
Monthly
average
May 1962
1961
Mar.
Apr.
May
June
July
1962
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES— Con.
E. H. Boeckh and Associates: 1
Average, 20 cities:
Apartments, hotels, 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
__doBrick and wood
do
Frame
do
Steel
._
do
Residences:
Brick
do
Frame
do
Engineering News-Record:©
Building
1947-49=100
Construction
do
Bu. of Public Roads— Highway construction:!
Composite stand mile (avg forqtr) 1957-59—100
313.6
302.3
297.8
320.3
306.1
298.8
315.9
302 7
296.4
316.2
302.9
296.6
320.1
305.0
298.7
321.6
306.4
299.7
322.4
308 0
300.3
322.8
308.2
300.3
323. 3
308.7
300.7
323. 4
308. 6
300. 0
323.3
308.5
299. 9
323.8
308.9
300.1
324. 5
309.6
300.5
324. 7
309.6
300.6
324.8
309.7
?00. 6
321.2
298.5
294.4
302.6
326.2
334.4
324.3
300.9
294.4
301.4
329.1
320 8
298.1
292.0
300.1
329.5
321.2
298.1
292.4
300.4
334.6
324.0
300.8
294.5
300.5
335. 9
325.2
301.9
295.3
301.5
336.8
325.9
302.4
296.0
302.0
337.0
326. 1
302.5
295. 9
302. 2
337. 6
326. 6
302.8
296. 3
302.5
337.9
326. 5
302.5
295.1
302. 3
337.8
326.5
302. 4
295.1
302.2
338.3
326.9
302.5
295.3
302.5
338.8
327. 5
303.0
295. 7
303.1
339. 0
327.6
303.0
295.8
303.2
339.3
327. 8
303.1
295. 8
303. 2
299 2
288.4
300.9
288.5
298 2
286.4
298 4
286.7
300 9
288.4
301.9
289.3
302 5
289.9
302. 6
289. 9
303. 0
290.2
302.3
289 3
302.2
289.2
302.4
289.3
302.8
289.7
302.9
289.8
302. 9
289. 7
165.7
182 2
168.2
187.4
167.1
184 9
168.3
187 0
168.6
187 7
169.1
188 4
168.8
188 5
169.0
188. 5
168. 7
188.6
168. 8
188.8
168.7
188. 7
168. 8
188.8
169. 4
189.5
170.0
190. 1
170.3
190. 5
!
1
97.4
97.2
95 1
95.0
94 4
131 6
130 5
125 3
130 0
131 6
129 5
146 9
137.3
149 9
140.4
130 4
135 5
153 6
139 6
141 7
135.9
145 0
128.0
127 1
133. 1
110 1
128.4
19g 6
131.7
159.0
130.2
130.8
161.2
120 9
128.2
130.7
132.5
133.2
158.3
149. 1
147.2
186.1
158.8
140.6
189.0
132 2
120.8
194. 5
156. 2
151.9
1 99. 0
144 5
137.7
188.3
144 7
142 9
193.5
123 2
131 1
165. 3
105.3
113.9
139.9
347. 56
124.84
317.68
108. 65
348. 99
123.39
385. 86
137. 27
386. 21
144.39
463. 35
181, 66
422. 39
167. 99
432. 48
200. 91
483. 73
205. 91
1,477
1,576
1,624
1,869
1,871
2,001
2,124
2,202
94 1
93 2
CONSTRUCTION MATERIALS
Output index:
Composite unadjusted $J
Seasonally adjusted $ 1
1947-49—100
do
Tron and cteel products unadjusted^
Lumber and wood products unadj J
Portland cement unadjusted
do
do
do
r
120. 6
102. 0
124.4
91.6
425. 65
197.11
480. 34
226. 58
397. 95
175. 44
418. 17
204. 97
2,288
2,662
2,320
2,228
2,151
1, 303
1,617
REAL ESTATE
Home mortgages insured or guaranteed byFed Hous Adm • Face amount
- -- _mil. $ 383. 38 397. 10
Vet Adm : Face amount
do. _ 165. 42 152. 63
Federal Home Loan Banks, outstanding advances
to member institutions
mil $ 21,981 2 2, 662
New mortgage loans of all savings and loan associations, estimated totalmil. $__
By purpose of loan:
Home construction
do.
Home purchase
do
All other purposes
do_
New nonfarm mortgages recorded ($20,000 and
T
1,356
1,309
1,511
1,721
1,482
1,763
1.594
1,629
1,529
1,500
1, 323
390
511
291
423
601
423
426
515
415
417
504
388
460
603
448
532
712
477
422
059
401
498
785
480
436
695
463
464
696
469
436
645
448
417
598
485
353
550
420
2, 445
4,279
2, 596
6,090
2,444
6,272
2,358
5, 942
2,700
6,090
2 856
6,576
2,653
5,946
3 004
6,348
2 777
6,214
2 961
6,352
2 754
6,564
2 579
6,151
2 459
2 238
mil $
Fire losses
1,447
number _
Nonfarm foreclosures
1,192
92.32
100.75
109. 22
95.49
93.10
103.35
93 11
91.63
76 98
86 93
115 85
109 52
133 48
115 86
114 42
r
362
r 509
r
432
475
626
516
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, seas, adj.:
Combined index..
1947-49 =100. _
Business papers
_
do
Magazines
_ ._ _-do. ..
Newspapers
Outdoor
Radio (network) __
Television (network)
„_
Soaps, cleansers, etc
Smoking materials
All other
_.
Spot (national and regional) :
Gross time costs, total
__
Automotive, incl. accessories
Drugs and toiletries
Foods, soft drinks, confectionery
Magazine advertising:
Cost, total
_
Apparel and accessories
Automotive, incl. accessories
Building materials
Drugs and toiletries
Foods, soft drinks, confectionery
do
do. ._
do
do
3
225
234
177
232
241
182
236
242
171
236
258
173
237
236
176
245
250
192
237
256
187
244
250
183
244
254
194
240
251
190
201
143
20
483
212
135
23
487
196
125
23
479
200
126
25
499
215
149
25
522
185
150
29
520
204
157
26
538
216
152
22
518
189
139
23
526
223
132
23
530
212
140
19
520
207
132
19
516
62.4
4.0
18.5
13.1
63.6
3.9
18.2
14.4
59.8
3.3
15.5
13.6
61.7
3.8
16.6
13.3
59.9
3.6
18.4
12.0
58.1
3.3
19.3
11.4
58.4
2.7
19.1
11.9
58.4
3.1
16.8
12 3
70 6
6.2
19.7
14 9
70.0
5.1
20.7
14 0
69.6
5.0
22.6
13.5
5.8
6.4
13.0
do
do
do
232
221
187
56.9
4.6
16.3
10.8
mil. $_.
do
do
do_ _
233
246
185
210
160
23
462
do
do. __
do
1950-52= 100. -
Television advertising:
Network:
Gross time costs, total
Automotive, incl. accessories
Drugs and toiletries
__
Foods, soft drinks, confectionery
Soaps, cleansers, etc
Smoking materials
All other
235
246
188
7.1
7.1
12.6
7.8
6.6
12.7
7.7
6.5
13.3
7.2
7.0
13.7
7.1
6.6
12.1
6.6
8.1
9.5
7.7
7.7
9 2
8.0
7.5
10 7
6.7
7 7
15 4
6.7
7.2
16 2
6.1
6.9
15 6
150. 8
i 151.4
14.3
i 30. 2
1
52. 5
151.3
4.0
31 1
56.6
160.6
4.6
28.2
54.1
127 6
4.0
24 5
38 4
177 8
4.5
37 3
61 0
i 118.0
7.4
M1.9
16 8
7.5
35 3
21.6
8.3
43.8
16 1
6.3
38 4
17 4
7 6
50 2
69.7
4.5
7.0
2.5
6.6
10.2
77.0
5.6
8.2
2.8
7 2
11.6
do
do. ..
do
do
do
do
._
do
do
_.do
78.7
5.8
7.6
3.6
7 2
10.8
66.5
2.9
5.8
3.3
7 1
10.0
47.6
.7
3.5
1.8
5 9
8.4
47.4
4.8
2.7
1.8
4 6
7.4
80 0
8.6
7.1
3.6
7 7
9.0
89 8
6.0
11.0
2 9
8 7
13.0
84 7
5.1
9.4
18
7 7
12.3
68 5
3.3
5.8
9
7 i
9.3
48 9
1.4
6.9
1.0
4 4
7.5
66 9
2.7
7.3
2.4
6 3
12.3
81 3
5.0
9.2
35
7 0
12.5
4.2
4.3
Beer, wine, liquors
__
do
4.3
4 4
4.5
5.6
4.8
4.7
6.7
Household equip., supplies, furnishings.. do
6.7
4.6
3.8
Industrial materials
do
36
4 4
4 7
.8
.7
.8
.9
.7
Soaps, cleansers, etc
-do
2.2
2.4
2.2
2.7
2.2
Smoking materials _ .
do
22.9
21.7
25.7
25.0
26.8
All other.
_
do
2
' Revised.
i Quarterly average based on quarterly data.
End of year.
3 Quarerly average based on revised annual total; breakdown not available.
^Copyrighted data; see last paragraph of headnote, p. S-l.
reported at the beginning of each month are shown here for the previous month.
OData
4.1
4.0
4 2
.7
2.7
21.6
3 2
2.4
33
.4
2.2
15.8
2.5
2.3
2.7
.5
2.2
16.0
o o
5 1
8.0
5 2
11
2.3
26.5
58
7.1
4 8
.9
2.6
27.4
7 5
4.2
36
.5
2.9
23.2
2 4
1.9
21
.3
1.9
19.2
33
3.1
2 5
.7
2.8
23.6
4 6
4.9
36
.8
2.5
27.4
71.1
4.7
7.8
3.0
6 7
9.8
83 5
6.5
8.6
4 3
6 7
11.8
6.2
4 8
.6
2.6
25.8
fRevised to reflect current specifications and base period; data prior to 4th qtr. 1960 are
available upon request.
9 Includes data for items not shown separately.
^Revisions for 1955-1960 (1959-1960 for lumber and wood) are available upon request.
SURVEY OF CUERENT BUSINESS
May 1962
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
S-ll
1961
Monthly
average
Mar.
Apr.
May
June
July
1962
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
201.3
55.7
145. 6
10.7
7.8
18.7
108.4
198.9
54.1
144.8
11.4
4.4
23.4
105.6
236.9
62.2
174.7
12.7
4.8
27.6
129.5
Apr.
DOMESTIC TRADE—Continued
ADVERTISING— Continued
Newspaper advertising linage (52 cities) :
Total
mil . lines
Classified
do
Display total
do
Automotive
do
do
do _
240.7
61.3
179. 5
13.8
4 5
28.8
132.4
231.4
58.1
173.3
12.3
4.9
26.9
129.1
236.2
57.8
178.3
12.8
4.7
29.0
131.9
241.8
60.4
181.5
13.1
5.1
31.0
132.2
249.3
62.2
187.1
15.8
4.6
32.3
134.4
236.5
61.3
175.3
13.8
5.0
30.4
126.0
207.7
60.6
147.1
10.8
5.5
21.0
109.7
224.4
61.3
163.1
10.8
3.8
21.8
126.7
231.8
59.1
172.7
13.7
4.2
26.9
127.9
260.9
63.2
197.8
13.9
5.2
34.1
144.6
261.3
57.5
203.9
13.0
4.8
31.5
154.5
242.8
50.8
192.0
8.9
5.6
23.3
154.3
mil $
18, 294
18, 243
17, 934
17, 398
18, 532
18, 907
17, 922
18, 325
18,158
18, 761
19,224
22, 881
5,894
3, 292
3,082
211
5,617
3, 084
2,870
215
5,467
3, 190
3, 007
183
5, 414
3,088
2,890
198
6,006
3,413
3,192
221
6,214
3,454
3,207
247
5, 640
3,033
2,796
237
5,712
2,985
2,745
240
5,386
2,731
2,510
221
6,047
3,308
3,082
226
6,095
3,398
3,180
218
6,307
3,148
2,862
286
883
564
319
943
718
224
865
547
318
913
700
213
776
488
288
820
625
195
768
493
275
878
666
212
844
553
291
990
755
235
895
563
332
1,039
799
240
845
534
311
1,008
783
225
914
583
331
1,057
838
219
879
553
326
985
775
210
915
591
324
1,028
821
207
960
614
346
949
743
206
1,181
718
463
906
626
280
do
do
do
do
do
do
12, 400
1,142
218
444
276
204
12, 626
1,144
222
439
282
201
12,467
1,191
200
457
302
232
11,984
1,019
181
401
238
199
12,526
1,105
205
434
260
206
12, 693 12,282
953
1,109
242
190
405
358
224
256
181
206
12, 613
1,039
182
399
260
198
12, 772
1,153
201
438
285
229
12, 714
1.188
224
462
299
203
13,129
1,261
252
483
329
197
16, 574
2,051
449
770
550
282
do
do
do
do
do
628
1,341
4,486
4,028
1,466
645
1,367
4,618
4,159
1,498
627
1,282
4,702
4,233
1,429
607
1,313
4, 486
4, 036
1,439
629
1,386
4,574
4,114
1,523
624
1,432
4,771
4,295
1,568
629
1,490
4,682
4,210
1,604
630
1,507
4,644
4, 172
1,616
629
1,440
4,816
4,357
1,519
634
1,409
4,523
4,070
1,550
646
1,359
4,595
4, 146
1,514
890
1,421
5,168
4,670
1,546
'622
651
1,272 '1,185
4,470 ' 4, 314
4,043 ' 3, 902
1,447 ' 1, 333
2,001
1,162
155
325
407
2,076
1,213
161
340
409
1,921
1,105
163
312
374
1,803
1, 052
134
286
375
1,966
1,143
156
312
383
1,993
1,180
142
315
393
1,772
1,018
120
300
404
2,032
1,177
163
330
398
2,070
1,225
150
331
403
2,165
1,284
178
332
397
2,459
1,452
237
375
430
3,853
2,293
248
724
647
1,632
945
128
249
378
do
18, 127
17, 860
17, 995
18, 199
18, 026
18, 181
18,141
18, 587
19,107
Automotive group
do
M^otor veh other automotive dealers do
Tire battery accessory dealers
do
5, 547
3,044
2,838
206
5,409
2,919
2,714
205
5,549
3,105
2,900
205
5,586
3,068
2,854
214
5, 505
2,934
2,717
217
5,472
2,935
2,721
214
5,620
3,119
2,893
226
5,865
3,278
3,056
222
6,199
3,609
3,392
217
General
Retail
_
_.
_
RETAIL TRADE
All retail stores:
Estimated sales (unadj ) total f
Durable goods stores 9 __
_ _ do __
Automotive group
do
Motor veh., other automotive dealers. do
Tire, battery, accessory dealers
do ___
Furniture and appliance group
Furniture, homefurnishings stores
Household appliance, TV, radio
Lumber building hardware group
Lumber, bldg. materials dealerscf
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
General merchandise group 9 --do
Department stores
_ __ _ do
Mail order houses (dept. store mdse.)_ do
Variety stores
do
Liquor stores
do__
Estimated sales (seas adj ) totalf
16,950 '15,989 '18,991 1 19, 023
5,182 r 4, 987
3,114 ' 3, 001
2,931 r 2, 832
183
'169
'725
-•461
'264
' 652
'501
'151
i 6, 327
3, 778
' 6, 167
'3,811
3,603
208
'807
526
281
809
621
188
781
492
289
687
522
165
1
1802
11, 768 '11,002 '12,824 1 12, 696
'795 ' 1, 046 i 1,311
948
'149
196
178
'312
361
413
225
'189
263
145
192
166
'
'
'
'
'662
1, 343
4, 985
4, 528
1, 475
i 628
1,325
4,482
4,042
1,503
' 1, 513 ' 1, 958
'850 ' 1, 136
141
118
'265
325
360
403
2,108
1,212
18, 836
18, 845 '18,974 '19,300
1 19, 451
5, 924
3,286
3, 050
236
5,930 ' 5, 986 ' 6, 223
3,604
3,358 ' 3, 370
3,126 ' 3, 138
3,368
'232
232
236
i 6, 354
Furniture and appliance group
Furniture homefurnishings stores
Household appliance TV radio
Lumber building hardware group
Lumber, bldg materials dealerscf
Hardware stores
do
do
do
do
do
do
833
515
318
944
720
224
872
547
325
900
687
213
839
537
302
877
673
204
857
547
310
899
687
212
883
568
315
926
704
222
883
557
326
914
703
211
876
556
320
875
670
205
880
562
318
918
719
199
866
545
321
930
729
201
914
577
337
949
726
223
Nondurable goods stores 9
Apparel group
Men's and boys' wear stores
\Vomen 's apparel accessory stores
Family and other apparel stores
Shoe stores
do
do
do
do
do
do
12, 580
1, 161
224
437
294
206
12, 451
1,076
205
409
265
197
12, 446
1,103
216
415
280
192
12, 613
1,136
229
435
275
197
12, 521
1,118
218
434
266
200
12, 709
1,177
230
453
289
205
12, 521
1,106
218
430
265
193
12, 722
1,173
231
453
282
207
12,908
1,187
229
459
295
204
12, 912
1,164
218
445
294
207
Drug and proprietary stores
Eating and drinking places
Food group
do
do
do
Gasoline service stations
do
634
1, 390
4,603
4,128
1,491
628
1,380
4,548
4,085
1,474
630
1,347
4,624
4, 164
1,480
642
1,370
4,622
4,157
1,500
649
1,335
4,610
4,143
1,485
644
1,345
4,684
4,214
1,503
641
1,377
4,602
4, 153
1,511
644
1,369
4,646
4,183
1,521
675
1,398
4,694
4,244
1,519
693
1,407
4,631
4,196
1,539
655
1,387
4,684
4,236
1,543
'665
663
'1,414
1,448
' 4, 732 4,694
' 4, 280 4,242 ' 1, 539
1,539
General merchandise group 9
Department stores
Mailorder houses (dept store mdse)
Variety stores
Liquor stores
do
do
do
do
do
2,039
1,172
168
334
407
2,027
1,192
161
322
420
1,974
1,132
157
335
400
2,067
1,205
160
339
416
2,069
1,237
155
324
393
2,082
1,208
163
350
409
2,075
1,225
157
331
386
2,101
1,216
166
349
411
2,165
1,245
174
370
421
2,184
1,311
158
347
409
2,133
1,232
161
360
431
2,138
' 1, 241
154
'366
432
Estimated inventories, end of year or month: J
Book value (unadjusted), total
bil. $__
Durable goods stores 9
do __
Automotive group
__ do
Furniture and appliance group
do
Lumber, building, hardware group do _
885
569
316
927
714
213
'879
'558
'321
'932
'722
'210
880
569
311
929
713
216
12,915 '12,988 '13,077
1,185 ' 1, 170
1,198
224
'218
223
447
'438
458
300
'297
306
214
217
211
1 13, 097
-
2,237
1,312
157
381
418
25.98
11.72
4.88
1.90
2.35
25.78
11.03
4.38
1.88
2.25
26.67
11.81
4.83
1.90
2.46
26.87
11.81
4.78
1.90
2.48
26.70
11.86
4.87
1.92
2.46
26.23
11.73
4.78
1.89
2.43
26.09
11.63
4.71
1.87
2.42
25.70
10.74
3.86
1.89
2.34
26.26
10.72
3.81
1.91
2.31
27.00
10.96
3.90
1.95
2.30
27.71
11.26
4.12
1.99
2.30
25.78 ' 25. 82 ' 26. 56 27.32
11.62
11.03
11.37
11.82
4.96
4.38
4.76
4.97
1.88
1.85 ' 1.87
1.92
2.25
2.28 '2.32
2.44
do
do
do
do
14.26
3.16
3.14
3.89
14.75
3.22
3.31
4.04
14.86
3.34
3.19
4.25
15.06
3.38
3.19
4.33
14.84
3.30
3.19
4.24
14.50
3.15
3.19
4.08
14.46
3.12
3.18
4.10
14.96
3.38
3.22
4.30
15.54
3.59
3.28
4.58
16.04
3.71
3.38
4.81
16.45
3.70
3.48
4.94
14.75 r 14. 45 ' 14. 94
3.09
3.22
'3.25
3.24
3.31
3.31
4.04 ' 3.98 '4.20
15.51
3.41
3.38
4.45
Book value (seas, adj.), total.
do
Durable goods stores 9
do
Automotive group
do
Furniture and appliance group
do
Lumber, building, hardware group. -do
27.18
12.33
5.27
1.95
2.44
26.86
11.52
4.69
1.92
2.33
26.07
11.35
4.37
1.90
2.40
26.18
11.25
4.28
1.89
2.41
26.23
11.31
4.38
1.91
2.37
26.22
11.37
4.44
1.90
2.38
26.34
11.46
4.49
1.90
2.40
25.98
11.01
4.15
1.90
2.35
26.34
11.26
4.38
1.89
2.34
26.40
11.25
4.37
1.89
2.33
26.75
11.44
4.58
1.89
2.36
26.86 ' 26. 86 26.90
11.52
11.52
11.48
4.69
4.69
4.66
1.92
1.93 '1.93
2.33
2.34 '2.34
26.75
11.36
4.52
1.93
2.38
Nondurable goods stores 9
Apparel group
Food group
General merchandise group
14.85
15.34
14.72
14.93
14.92
Nondurable goods stores 9
do
3.41
3.36
3.26
3.36
3.36
Apparel group
do
3.14
3.31
3.18
3.16
3.17
Food group
do
4.44
4.26
4.23
4.31
4.30
General merchandise group
do
r
Revised.
1 Advance estimate.
fData for retail sa les (1946 -50) and for who lesale
sales and inventories (1946-47) have been revised 1or comparability with la ter data new
figures are available upon request.
9 Includes dat a not shown separ ately.
cf Com prises
lumber yards, building materials dealers, and paint plumbi ag, and e lectrical stores.
15.34 ' 15. 34 15.42
15.09
15.32
14.88
14.97
15.14
15.39
14.85
3.39
3.39
3.41
3.40
3.32
3.39
3.35
3.31
3.33
3.33
3.32
3.39
3.32
3.20
3.27
3.31
'3.34
3.36
3.18
3.31
4.28
4.34
4.32
4.43
4.26
4.32
4.44 '4.43 '4.44
4.24
letailin\ entories have bee n revisec beginning!946. Revisio ns for De c. 1957-S ept. 1960
tl
appea r on p. 534 of the Dec. 1961 SUEVJEY; thosej for the earlier \)eriod ar e availal )le upon
reques3t.
SURVP]Y OF CURRENT BUSINESS
S-12
1960
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
May 1962
1961
Monthly
Mar.
Apr.
May
June
July
1962
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
DOMESTIC TRADE—Continued
RETAIL TRADE -Continued
Firms with 4 or more stores:
Estimated sales (unadjusted), total
mil. $..
Firms with 11 or more stores:
Estimated sales (unadj.), total 9
do. ..
Estimated sales (seas adj ) total 9
5, 047
4,763
4,988
5, 193
4, 805
5, 077
5,282
5,241
5,601
7, 478
4,572 ' 4, 313 5,266
4,223
4,386
4, 334
4,065
4,263
4, 462
4, 133
4,339
4,509
4,423
4,726
6,376
3,874
3,680
4,517
297
30
120
86
127
95
38
328
29
128
102
121
92
36
263
24
106
83
118
93
35
292
28
119
87
119
96
42
295
32
116
91
122
98
39
242
23
98
73
121
100
37
270
22
111
79
119
101
37
305
24
122
97
122
101
36
310
32
125
85
122
98
41
335
37
138
85
130
98
43
542
64
229
129
212
100
50
224
24
85
70
124
93
32
198
18
79
64
118
88
31
273
25
108
82
130
98
41
1,290
781
251
1,785
69
82
1,354
823
262
1,843
63
92
1,240
747
241
1,930
57
78
1,183
732
222
1,782
60
87
1,286
783
245
1,798
68
95
1 , 320
818
249
1,921
74
109
1.171
709
234
1, 820
71
103
1,344
806
260
1, 802
76
101
1,352
834
256
1, 953
71
92
1. 421
'872
261
1,771
74
96
1,610
975
286
1,843
64
94
2,517
1.517
550
2, 135
51
129
1,052
642
183
1,784
42
79
965
576
196
1.744
44
72
1,253
775
241
2,100
54
89
4, 328
General merchandise group $
do
Dept stores, excl. mail order sales
__do
Variety stores
do
Grocery stores
do
Lumber yards, bldg. materials dealerscf— do
Tire battery accessory dealers
do
5, 136
293
29
118
85
121
93
37
Apparel group 9
do
Men's and boys' wear stores
do
Women's apparel, accessory stores
do
Shoe stores
__ _ _ __do
Drug and proprietary stores _ _
do
Eating and drinking places
._ __ _ do
Furniture, homefurnishings stores _ _ __ _do
4,724
4, 270
4,282
4,371
4, 360
4,446
4, 386
4,441
4.525
4,579
4.510
4, 533
4,686
295
29
119
88
124
94
36
274
26
112
81
125
95
37
291
29
114
86
121
95
40
290
30
117
84
125
95
38
297
29
118
82
124
93
41
323
32
123
90
123
93
36
288
28
120
82
126
98
36
308
32
125
90
126
96
38
313
31
128
90
135
100
37
302
30
125
84
141
100
41
314
30
126
95
133
101
39
313
29
125
97
135
99
36
321
31
127
95
133
100
41
1 319
793
258
1,835
67
89
1,329
812
249
1,795
62
90
1,299
768
264
1,828
61
84
1,344
802
268
1,851
63
94
1,357
831
253
1,827
62
95
1, 362
810
279
1,865
62
93
1,350
827
261
1,856
61
96
1,379
830
276
1,845
64
97
1, 410
851
279
1,877
63
96
1,434
916
257
1,899
63
100
1,408
848
268
1,865
56
101
1.407
858
272
1,890
63
98
1, 523
953
288
1.903
64
102
11,076
5,537
11,317
11, 506
5, 735
5,771
6, 663
11, 707
5, 884
5, 823
6, 701
11, 684
5, 893
5, 791
11, 838
6, 410
5,212
12, 200
6,016
6,184
6,819
5,381
12, 368
5,006
11,629
5,866
5,763
6,583
5,046
6,886
5,482
13, 053
5, 903
7, 150
7, 161
5, 892
do
Apparel group 9
Men's and boys' wear stores
Women's apparel, accessor v stores
Shoe stores
Drug and proprietary stores
Eating and drinking places
Furniture homefurnishings stores
do
do_
do
_ do
do
do
do
General merchandise group 9
Dept stores, excl mail order sales
Variety stores
Grocery stores
Lumber yards bldg materials dealerscf
Tire battery accessory dealers
_
do
do
do
do
do
do
All retail stores, accounts receivable, end of mo.:*
Total
mil $
Durable goods stores
do
Nondurable goods stores__
_
do _
Charge accounts
do
Installment accounts
_
do
i 12,937 i 13,053
6,104
5,903
6,833 7, 150
5,671
5, 646
5,866
5,958
12, 301 ' 12, 007 12, 156
5,698 ' 5, 530 5,569
6,603 r 6. 477 6, 587
6,812 ' 6, 541 6,544
5,489 ' 5, 466 5, 612
7,122
5, 815
7,161
5, 892
5, 539
6,416
4, 660
46
15
47
15
49
16
44
14
48
15
48
15
47
14
48
15
46
15
48
16
49
17
48
16
47
16
46
15
50
16
43
42
15
43
42
16
42
43
15
43
42
15
43
42
15
43
41
16
43
40
17
43
41
16
42
42
16
41
43
16
42
42
16
45
40
15
42
40
18
42
41
17
42
42
16
146
*149
132
146
134
148
140
144
141
149
126
151
136
150
150
150
154
151
184
153
279
156
113
149
112
150
'P131
' p 157
do
do
'165
P166
164
161
169
162
165
164
156
163
157
166
165
'168
178
170
189
170
196
172
156
172
154
172
163
-172
P 176
P 174
Sales estimated (unadj ) total
Durable goods establishments
Nondurable goods establishments
bil $
do
do
12.33
4.44
7.89
12.56
4.28
8.27
12. 75
4.25
8.50
11. 69
4.03
7. 60
12.72
4.41
S.31
12.81
4.57
H. 24
11.86
4.13
7.73
13.34
4.64
8.70
12.61
4.42
8.19
13. 69
4.74
8.95
13.64
4.55
9.09
12.87
4.22
8.65
12.33
4.14
8.19
'•11.57
'3.96
'7.61 |
12.97
4.54
8.43
Inventories estimated (unadj ) total
Durable goods establishments
Nondurable goods establishments
do
do
do
13.21
6.61
6.60
1 13. 49
6.68
6.81
13.39
6.81
6.58
13.34
6.87
6.47
13. 34.
6. 83
6. 51
13.31
6.82
6. 49
13. 34
6.85
6.49
13. 54
6.83
6.71
13.57
6.82
6.75
13.74
6.77
6.97
13.78
6.74
7.04
13. 49
6.68
6.81
13. 59
6.72
6.87
13. 56
'6.79 !
'6.77 I
13. 63
6.90
6.72
184. 48
184. 74
184. 97
185. 19
Department stores:
Ratio of collections to accounts receivable:
Charge accounts
percent
Installment accounts
do
Sales by type of payment:
Cash sales
percent of total sales
Charge account sales
do
Installment sales
do
Sales, total United States:
Unadjusted
Seasonally adjusted
Stocks, total U.S., end of month:
Unadjusted
Seasonally adjusted
1947-49=100
do
6,522
4,795
4,843
6,576
5, 108
5, 972
6,626
» 150
P155
WHOLESALE TRADE f
EMPLOYMENT AND POPULATION
POPULATION
Population, U.S. (incl. Alaska and Hawaii):
Total incl armed forces overseas _ _
mil
2 180.67 2 183. 65
EMPLOYMENT 0
Noninstitutional population, est. number 14 years
of age and over, total, unadj
mil.. 125. 37
Total labor force, incl. armed forces
Civilian labor force, total
Employed, total
Agricultural employment
Nonagricultural employment
Unemployed, total
Long-term (15 weeks and over)
Percent of civilian labor force
Not in labor force
182. 71
182. 95
183. 17
183. 65
183.91
184. 20
185. 40
185. 60
185.83
129. 59
127. 85
127. 12
127. 34
127. 56
127. 77
127. 99
128. 18
128. 37
128. 57
128. 76
128. 94
129. 12
129. 29
129. 47
73, 126
70, 612
66, 681
5,723
60, 958
74, 175
71,603
66, 796
5, 463
61,333
73, 540
71,011
65, 516
4,977
60, 539
73, 216
70, 696
65. 734
5, 000
60, 734
74, 059
71, 546
66, 778
5,544
61, 234
76, 790
74, 286
68, 706
6,671
62, 035
76, 153
73, 639
68, 499
6,453
62, 046
75, 610
73, 081
68, 539
6, 325
62, 215
73, 670
71, 123
67, 038
5,666
61, 372
74, 345
71,759
67, 824
5, 964
61, 860
74, 096
71, 339
67, 349
5,199
62, 149
73, 372
70, 559
66, 467
4,418
62, 049
72, 564
69, 721
65, 058
4,417
60, 641
73, 218
70, 332
65, 789
4,578
61, 211
73, 582 373,654
70, 697 70, 769
66, 316 66, 824
4,782 4,961
61, 533 61, 863
3,931
956
5.6
52, 242
thous _
4,806
1,532
6 7
53, 677
5,495
1,862
7.7
53, 574
4,962
2,128
7.0
54, 121
4, 768
1,915
6. 7
53, 499
5, 580
1,575
7.5
50, 977
5,140
1,634
7.0
51, 833
4,542
1,440
6.2
52, 573
4, 085
1,257
5.7
54, 701
3,934
1,240
5.5
54, 226
3,990
1,137
5.6
54, 659
4,091
1,233
5.8
55, 570
4,663
1,252
6.7
56, 554
4,543
1,431
6.5
56, 072
4,382
1,485
6.2
55, 889
thous..
do
do
do
do
do
do
72, 092 71,410 71,475
Civilian labor force, seas, adj.*
do
67, 127 66, 398 66. 512
Employed, total
_
do
5, 787
5,297
5, 326
Agricultural employment
do
61, 274 61,101 61, 234
Nonagricultural employment
do
5,019
4. 874
4,950
Unemployed total
do
6.9
7.0
6.8
Percent of civilian labor force-..
l
2
r Revised.
p Preliminary.
End of year.
As of July 1. 3 See note " ©".
9 Includes data not shown separately.
(^Comprises lumber yards, building materials
fSoe corresponding note on p. S-ll. dealers, and paint, plumbing, and electrical stores.
*New series.
http://fraser.stlouisfed.org/ Back data for accounts receivable are available from Bureau of the Census.
Monthly labor force data (1948-60) a] spear in "Employment and Earning?," BLS (Feb. 1962).
Federal Reserve Bank of St. Louis
183.41
3,946
1,483
5.6
55, 933
71,983 71, 633 71, 789 70, 981 71,473 71.482 71, 272 71,435 71, 841 71,774 371,484
66. 900 66, 698 66. 998 66, 243 66, 822 67, 148 66, 936 67, 278 67, 894 67, 947 67. 499
5,472
5, 255
5,204
5,453
5,156
5,311
5,603 5, 560
5, 504
5,473 5,662
61, 543 61,371 61,417 61,188 61, 369 61, 840 61,618 61, 690 62, 206 62, 280 62, 236
4,762
4,274
4,159
4,867
4,008 3,914 3,963
4,887
4,370
4. 936
4, 923
5.5
5.5
6.8
6.7
6.1
6.0
5.8
5.6
6.9
6.8
6.9
© Effective with Apr. 1962 data, the estimates are based on materials from the 1960 Census
of Population. Figures for Apr. 1962, comparable with earlier data follow (thous.): Labor
force—total, 73,864; civilian, 70,979; employed—total, 67,027; agricultural, 5,048; nonagricultural. 61,979; unemployed—total, 3,952; percent, 5.6; seas. adj. (order as above): 71,696; 67,704;
5,347; 62,353; 3,971; 5.5.
SURVEY OF CURRENT BUSINESS
May 1962
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1962
1961
1961
Monthly
average
S-13
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Employees on payrolls (nonagricultural estab.):f
Total unadjusted!
thous
Manufacturing establishments
Durable goods industries
Nondurable goods industries
Mining, total 9 M^etal
Coal mining
Crude petroleum and natural gas
54, 347 P54, 076
52, 785
53, 171
53, 708
54, 429
54, 227
54, 538
54, 978
55, 065
55,129
55,503
53, 737 '53,823 '54,025
P54, 699
do_ . 16, 762 pl6, 268
9,441 p 9, 044
do
7,321 p 7, 224
do
15,866
8, 775
7,091
15,904
8, 836
7,068
16, 076
8,996
7,080
16, 320
9,106
7,214
16, 268
9.051
7,217
16.531
9,083
7,448
16,646
9,189
7,457
16. 607
9,201
7,406
1 6,658
9,329
7, 329
16,556
9,297
7,259
16, 370
9,222
7,148
16, 452 '16,518
9, 287 ' 9, 333
' 7, 165 '7,185
P16, 598
p 9, 396
p7,202
*667
p87
p 156
p309
654
86
158
304
657
86
153
306
668
87
153
310
678
88
154
314
672
88
143
318
677
86
154
315
676
88
155
311
668
86
156
306
667
88
157
306
657
85
156
306
647
86
154
305
'640
^644
2,882 P 2, 760
4,017 p3,923
p 819
887
P270
283
2, 454
3,872
807
278
2,619
3, 870
809
273
2,775
3,891
813
270
2,971
3, 945
826
266
3,023
3,977
832
258
3.075
3, 971
835
257
3, 021
3,971
826
268
2,981
3, 953
822
268
2, 825
3,943
816
267
2, 575
3,927
824
269
2, 298
3, 863
801
270
p875
P197
p695
P610
840
191
697
606
837
194
696
604
853
196
694
608
880
197
697
616
891
201
702
622
891
203
701
623
907
203
694
616
913
202
689
608
913
199
688
606
895
200
686
604
867
200
684
602
11,412 pll,365
3, 009 p3,007
8,403 P8,359
2, 684 p 2, 748
7, 361 p7, 514
8,520 p8,831
11,101
2,964
8,137
2,710
7, 359
8,769
11, 162
2, 955
8,207
2,724
7, 448
8, 787
11,238
2,959
8, 279
2,734
7,510
8,816
11,354
2, 990
8,364
2, 766
7,598
8,797
11,327
3,013
8,314
2, 795
7,631
8, 534
11,342
3.044
8,298
2,801
7, 606
8,535
11,378
3, 035
8, 343
2,770
7,612
8,904
11,450
3,049
8,401
2. 758
7,618
9,030
11,611
3, 051
8, 560
2. 757
7, 596
9, 072
12,181
3. 062
9.119
2, 756
7, 573
9,278
11,270 Ml, 188 '11,214
3, 021
3, 021 '3,021
8,193
8,249 ' 8, 167
2,749
2, 755
2,747
7, 510 ' 7, 545 7, 572
9, 122
9, 032 r 9, 102
pi 1,406
p 3, 026
p 8, 380
p 2, 773
P 7, 670
p 9, 136
1 54, 347 p! 54, 076 53, 561
16, 762 P16, 268 16, 023
8,820
9,441 p9,044
P201
196
187
P600
595
637
p367
361
383
p 567
557
595
1,085
1, 229 p 1,142
53, 663
16,119
8,904
196
601
365
561
1, 101
53, 894
16,275
9, 058
199
602
366
569
1, 135
54, 182
16, 373
9,114
200
606
368
573
1,151
54, 335
16,392
9,138
202
604
370
575
1, 170
54, 333
16,381
9, 131
202
603
371
578
1,174
54, 304
16,323
9.105
203
603
370
573
1,179
54, 385
16, 361
9,112
208
600
372
574
1,174
54,525
16,466
9,213
206
602
373
570
1,178
54,492
16,513
9,244
206
600
375
565
1,184
54, 434 ' 54, 773 '54,871
16, 456 '16,572 '16,676
9, 217 '9.312 ' 9, 380
'210
207
207
' 612
'611
598
'379
372
' 375
'563
559
' 563
1,194 ' 1,211 ' 1,216
P55, 112
"16, 814
p 9, 466
P210
"607
p382
P 571
P 1,225
. do __
do
do
do
Contract construction
do _
Transportation and public utilities?
do
Railroad transports tion
do
Local and interurban passenger transit-.do
ATotor freight trans and storage
do
Telephone communication
do
Wholesale and retail trade
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services and miscellaneous
Government
Total , seasonally ad justed f
Manufacturing establishments
Durable goods industries
Ordnance and accessories
Lumber and wood products
Furniture and fixtures _ .
Stone, clay, and glass products
Primary metal industries
do
do
do
__ do
do
do
do
do
do
do__
do
do
do
do
709
93
182
314
874
191
706
613
r
642
86
153
302
r
2, 282 ' 2, 323 p 2, 563
' 3, 863 ' 3, 881 P 3, 909
'799
267
872
201
684
600
Fabricated metal products _ ._
__do .
Machinery
do
Electrical equipment and supplies- __do
1,128
1,471
1,446
p 1,076
p 1 , 402
p 1 , 436
1, 040
1,388
1,416
1,057
1 , 395
1,422
1,084
1,398
1,439
1, 085
1,396
1,442
1, 082
1,401
1,442
1,094
1,404
1,444
1,090
1,400
1 , 428
1,091
1,409
1,455
1,097
1.412
1,456
1,098
1. 418
1,471
1,092
1,416
1,477
1,097 ' 1, 108
' 1.421 '1,430
1,495 '1,512
Transportation equipment
_-_do___
Instruments and related products
do
Miscellaneous manufacturing ind
do
1,617
354
392
p 1,524
p346
P382
1, 468
340
374
1,487
342
377
1,537
346
383
1, 560
347
386
1 , 559
349
384
1,530
349
382
1 , 528
350
381
1,496
349
384
1,579
351
389
1 . 588
352
387
1.569
351
382
' 1,595
' 352
384
7 321
1,793
94
915
1,228
593
917
830
212
374
366
P7,224
p 1,780
P90
P880
p 1,199
?590
p926
P830
P203
P365
p361
7,203
1,794
92
870
1,201
585
925
822
204
351
359
7,215
1,787
90
877
1,204
585
924
824
205
356
363
7,217
1,772
89
884
1,196
588
925
828
206
365
364
7,259
1,775
90
887
1,210
592
929
834
206
371
365
7, 254
1,773
88
887
1,208
593
932
836
203
372
362
7,250
1,770
90
882
1,213
592
929
835
205
372
362
7,218
1,769
96
880
1,194
589
927
832
202
372
357
7,249
1,787
91
882
1,204
591
925
835
204
370
360
7, 253
1,791
87
884
1.203
593
928
837
197
373
360
7, 269
1,782
89
886
1,211
597
929
839
197
377
362
7,239
1,778
89
884
1,196
593
926
836
200
377
360
v 667
666
668
670
Mining
do
709
2,792
2, 766
2,742
Contract construction
_ do
2,882 P2,760
P3,923
3,901
3,919
3, 903
Transportation and public utilities..
do
4, 017
Wholesale and retail trade
do
11,412 P! 1,365 11,252 11,320 11,355
2,732
2,732
2,739
Finance, insurance, and real estate
do
2,684 p 2, 748
p7,514
7, 425
7, 463
7, 436
Services and miscellaneous __
_. do
7,361
*>8,831
8,712
8, 734
8,774
Government
do
8,520
Production workers on mfg. payrolls, unadjusted :f
Total, unadjusted f
__
thous_ 12, 562 pl2, 046 11,666 11,712 11,875
11,812 11,910 12, 060
Seasonally adjusted
do
7, 021 p6,615
6, 426
6. 582
6, 358
Durable goods industries, unadjusted- -do
6, 403
6,491
6, 637
Seasonally adjusted
do
89
*94
92
91
93
Ordnance and accessories
do
570
P 535
492
514
537
Lumber and wood products
_do __
319
P304
294
297
296
Furniture and
fixtures
-__do
483
P455
431
444
458
Stone, clay, and glass products
do
992
pQ14
873
861
904
Primary metal industries.
do_
471
P428
395
406
425
Blast furnaces, steel and rolling mills, do
869
P820
790
780
816
Fabricated metal products
do
1,030
pQ65
972
968
971
Machinery
_
do. 987
pQ64
934
931
943
Electrical equipment and supplies
do
999
1,006
1,044
Transportation equipment 9
do. __ 1,133 pl,037
566
P492
454
464
504
Motor vehicles and equipment
do
392
p379
380
377
374
Aircraft and parts
do
232
p221
217
217
219
Instruments and related products
do
316
P306
289
293
302
Miscellaneous mfg. industries
do
5, 541 p5, 430
5, 286
5,308
5, 293
Nondurable goods industries, unadj
do
5, 409
5,419
5, 423
Seasonally adjusted
do
1,104
1,114
1,121
Food and kindred products. _
__ __do __ 1,211 pl,191
83
v 79
72
68
66
Tobacco manufactures
do
827
?793
785
779
791
Textile mill products _ _ _
__do _
1,094 P! , 067
1,046
1, 082
1,033
Apparel and related products _ _
do
474
P470
462
461
464
Paper and allied products
do
592
592
p 596
594
590
Printing, publishing, and allied ind.. do
511
p 506
502
509
509
Chemicals and allied products
do
138
131
pl30
130
132
Petroleum refining and related ind do
113
p 107
108
108
108
Petroleum refining
do
289
P280
266
268
274
Rubber and misc. plastic products do
323
P319
318
311
311
Leather and leather Droducts
do. _
r
l
Revised.
v Preliminary.
Total and components are based on unadjusted data.
t Revised series. Beginning with the Nov. 1961 SURVEY, data for employment, hours,
earnings, and labor turnover have been adjusted to the Mar. 1959 benchmark and have
been converted to the 1957 SIC. Effective Jan. 1959, the data include Alaska and Hawaii.
669
2, 795
3,914
11,392
2,747
7,471
8,821
672
2,776
3, 942
11,437
2,748
7, 533
8, 835
665
2,770
3, 939
11,410
2, 757
7, 546
8, 865
666
2. 754
3, 939
11,363
2, 756
7, 567
8,936
661
2, 758
3,929
11,365
2,764
7, 580
8,967
665
2, 719
3,927
11,374
2,771
7,611
8,992
654
2, 699
3,911
11,366
2,770
7, 642
8,937
'654
653
653
2,594 ' 2, 694 ' 2, 643
3, 906 '3,914 ' 3, 928
11,384 '11,447 '11,451
2,772 r 2,774 ' 2, 777
7, 640
7, 675 ' 7, 680
9,029 ' 9, 044 ' 9, 062
P652
p 2. 706
P 3, 941
pi 1,482
p 2, 781
P 7, 655
p 9, 081
12.090
12,145
6, 678
6, 682
93
565
301
470
926
436
825
967
950
1,050
515
371
220
310
5,412
5, 463
1, 184
67
800
1,050
474
594
507
134
109
279
322
12, 023
12,164
6,616
6, 709
94
563
300
471
927
442
809
957
944
1,033
505
370
218
301
5,407
5. 455
1,226
65
788
1,034
467
594
506
132
106
277
318
12, 274
12,156
6,641
6, 699
94
568
311
477
940
447
831
950
968
961
430
368
222
317
5, 633
5, 457
1,318
89
802
1,100
475
594
509
135
109
284
327
12,407
12, 104
6, 753
6, 673
97
565
314
477
955
457
839
960
982
1,013
470
379
226
326
5, 654
5, 431
1,335
106
801
1,082
476
599
509
133
108
292
319
12, 379
12, 129
6,771
6,676
98
555
317
470
950
451
848
955
997
1,021
4(59
383
226
334
5, 608
5, 453
1,286
96
806
1,087
477
602
510
132
107
294
317
12,414
12,225
6, 883
6, 766
98
542
316
463
953
446
856
960
1,012
1 , 124
564
390
229
330
5, 531
5, 459
1,220
82
805
1,092
478
604
510
126
102
296
320
12,303
12,257
6, 844
6, 797
98
526
314
449
960
450
851
977
1,013
1,123
565
393
227
307
5,459
5,460
1, 159
81
801
1,084
477
602
511
124
101
296
322
12,118
12, 197
6,764
6, 760
97
507
308
432
969
46!)
840
982
1,008
1,111
555
395
225
288
5,354
5,437
1,109
79
792
1,062
470
592
509
127
105
294
319
'12,187 ' 12, 241
' 12, 300 ' 12, 388
' 6. 820 ' 6, 857
' 6, 846 ' 6, 904
96
'96
'513
510
'311
310
'432
'437
984
'991
470
'842
837
'997 ' 1, 007
' 1,013 '1,016
' 1,119 ' 1, 120
'553
'395
'225
'226
300
'295
' 5, 367 ' 5, 384
r
5, 454 ' 5, 484
'1,088 '1,087
75
'70
'794
793
'1,093 '1,105
'471
468
593
'596
512
'517
127
'127
105
295
'295
322
'322
P12.315
P12, 518
P6,918
p 6, 987
p97
P523
P312
P454
P993
Nondurable goods industries
do
Food and kindred products
do
Tobacco manufactures
do
Textile mill products-do
Apnarel and related products
do
Paper and allied products __ _
do
Printing, publishing, and allied ind-.. do
Chemicals and allied products
do
Petroleum refining and related ind do
Rubber and misc. plastic products _._do
Leather and leather products
do
f
1,610
355
386
P 1, 124
p 1,442
P 1,528
p 1,631
p 355
P391
7,260 ' 7, 296 p 7, 348
p 1,780
1,776
90
'89
p 88
'886
'884
P891
' 1,206 '1,227 P 1,257
'599
595
P600
'929
'931
p 936
'841
'841
p844
'199
'200
p 199
'384
381
p'387
359
'362
p366
r
P852
P 1,014
P 1,019
p 1,121
P225
^306
p 5, 397
P 5, 531
p 1,104
P65
J>797
P 1,095
p473
P597
p 526
P128
P297
P316
The revision affects all series; previously published estimates are not directly comparable
with the revised data. Unpublished revisions (prior to Sept. 1960) on new basis arc in BLS
Bulletin No. 1312 ($3.00), available from Gov't. Printing Office, Wash. 25, D.C.
9 Includes data for industries not shown separately.
SURVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1S60
1961
1961
Monthly
average
May 1962
Mar.
Apr.
May
June
July
1962
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
2,252
222
2, 260
'223
2, 265
223
78.0
"720
P78.8
p"24
P79.6
^728
p80. 2
P112. 3
Apr.
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Miscellaneous employment data:
Federal civilian employees (executive branch):
United States
thous__
Wash. D.C., metropolitan area
do
2,243
215
2,251
220
2,193
216
2,205
217
2,212
216
2,248
224
2, 265
226
2.271
225
2, 253
220
2,254
221
2,262
221
i 2, 481
i 227
Railroad employees (class I railroads):
805
Total
do_ .
Index, seasonally adjustedc?
1957-59=100-. 288.6
739
281.5
727
80.1
729
80.3
734
80.1
747
80.7
752
81.5
755
82.4
745
82.6
743
83.2
737
84.0
740
84.5
106. 9 p 106. 4
106.6 P 105. 2
p 89. 9
95.2
88. 6
98.9
82.9
95.9
100.3
85. 6
105.6
103.0
88.3
117.1
106. 4
92.6
120.3
105.7
93.0
125.0
107.6
92.2
120.7
108. 5
93.2
121.8
110.5
93.9
110.1
112.3
92.3
95.9
112.3
90.5
81.3
108.5
87.8
'82.4
109.5
'88 4
87.2
110 9
88 3
39.7
P39.8
2.4
40.1
p 2. 4
MO. 2
2.4
P2.3
39.1
39.3
2.0
39.5
39.7
1.8
39.3
39.7
2. 1
39.8
40.0
2.0
39.7
39 8
2.2
40.2
40.2
2.1
40. 1
39 9
2.4
40.6
40.4
2.3
40.0
40 0
2.5
40.3
40.5
2.3
40.2
40 0
2.6
40. 5
40. 5
2.5
39.8
39 6
2.8
40.0
39. 8
2.7
40 4
40 2
2 8
40.9
40 6
2.7
40.6
40 6
2 9
41.1
41 2
2 9
40.6
40 4
2 9
41.3
41 2
3.0
39.7
39 8
2 6
40.3
40 3
2.6
40
40
2
40
40
'2
40 3
40 5
2 6
40 9
41 1
26
Ordnance and accessories
_ do
Lumber and wood products
do
Furniture and
fixtures.
_ do
Stone, clay, and glass products
do
Primary metal industries
do
Blast furnaces, steel and rolling mills. do
40. 7
39 0
40.0
40.6
39.0
38.0
P40.9
P39.4
p39. 9
P40.6
p39. 5
P38.6
40.8
38.5
38.7
39.8
38.2
36.9
40.6
38.8
3^.7
40.1
38.9
38.1
40. 5
39.7
38.7
40.7
39.5
38.8
40.5
40 5
39.8
41.4
40.2
39.6
40.2
39.5
39.8
41.3
40.3
39.9
40.6
40.2
40.9
41.6
39.9
39.2
40.9
40.1
41.2
41.3
40. 2
40.2
41.4
40 5
41.3
41.3
40 3
39.5
41.6
39 4
41.3
41.0
40 2
39.1
41 7
38 9
41.7
40.1
40.8
39.8
41.0
37 3
39.0
38.9
40.8
40.7
41 3
r 39 3
40 2
39 8
40 8
40.6
Fabricated metal products
Machinery
Electrical equipment and supplies.
do
do
do__
40.5
41.0
39.8
p40. 5
p40. 9
p 40. 1
39.6
40.4
39.7
40.1
40.8
39.8
40.5
40.9
39. 9
41.0
41.1
40.3
40.7
40.9
39.7
41.1
40.9
40.4
40.1
41.0
39. 8
41.1
41 3
40.7
41.3
41 2
40.8
41.4
41 9
41.1
40.3
41.3
40.3
40.6
41 6
40 3
Transportation equipment 9
Motor vehicles and equipment.Aircraft and parts _ _
_ __
Instruments and related products
Miscellaneous mfg. industries
__do. _
do_ _.
do. _
do
do
40.7
41.0
40.9
40.4
39. 3
P40.4
P40.0
Ml. 4
P40.7
P 39. 5
39.8
38.5
41.5
40.2
39.1
40.2
39.8
41.1
40.3
39.0
40.6
40.7
40.9
40.4
39.1
40.6
40.9
40.7
40.8
39.7
40.5
40.5
40.9
40.5
39.1
40.2
39.7
41. 1
40.9
39.4
37.8
34.1
41.4
41.0
39.8
41.3
41.5
41.5
41.1
40.2
42.7
44.1
41.8
41.3
40.4
43.0
44.5
42.3
41.3
40.0
41.2
41.7
41.7
40.8
39.1
Ml 0
Ml 0
'41 8
40.5
39.1
39.2
p39. 3
2.5
40.9
38.2
39.5
35. 5
42 2
P2.5
MO. 9
P38.8
p39. 9
P35.4
P4'2. 5
38.7
39 1
2.2
40.2
36.6
38.8
35.5
41.8
38.7
39 3
2 2
40.0
38.2
39.0
35.1
42.2
39.0
39 3
2.3
40.9
38. 1
39.5
34.9
42.2
39.6
39 5
2.6
41.4
39.4
40.2
35.4
42.9
39.7
39 5
2.6
41.4
38.2
39.9
35.9
42.8
39.8
39 3
2.8
41.4
40. 1
40.5
36.5
43.0
39.5
39 2
2.9
41.6
41.6
40.3
34. 5
43.1
39.8
39 6
2.9
41 4
40 8
40 9
35.8
43 0
39.9
39 7
2.8
41 0
38.3
41 4
36.3
43 2
39.8
39 7
2.7
40 9
40 1
41 1
35.9
43 0
39.0
39 2
40 2
36 6
40 1
34.5
42 1
39 2
39 5
2 5
40 0
r 37 4
40 5
'35.9
r 42 2
38.5
41.3
41.1
40.8
39.9
36.9
P38.2
Ml. 4
Ml. 2
MO. 9
P40.3
P37. 3
38.2
41.2
40.6
40.5
39. !
36.9
38.1
41.2
41.2
41.0
39.7
35.9
38.0
41.2
41.1
40.7
40.1
36.8
38.2
41.7
41.8
41.0
40.6
37.9
38.1
41.5
42. G
41.4
40.7
38.3
38.3
41.5
41.0
40.3
40.6
37.6
38.4
41.2
41.6
40.9
40.8
36.4
38.3
41 6
41.7
40.9
40.7
36.7
38.3
41 8
41.6
41.4
41.2
38.0
38.7
41 6
40.8
40.8
41.8
38.7
37.9
41 5
41.7
42.1
40.7
38.7
38 1
41 4
r 40 6
'40 7
'40.2
38.0
do
do
do
_do
40.4
41.8
35.5
42.0
MO. 6
Ml. 4
P35.8
Ml. 8
38.9
40.5
31.5
41.9
39.5
40.9
32.8
41.8
40.2
40.6
34.6
41.6
41.1
42.0
36.8
41.5
41.6
41.6
38.0
42.1
41.1
41.4
36.6
41.7
41.0
41.7
36.6
41.6
41.8
42.1
37.8
42.5
41.0
41.3
37.6
41.7
40.7
42.1
37.7
41.7
39.9
41.3
37.5
41.0
'40 7
'41 7
' 37 6
'41 9
do
do
do
_do
36.7
35.4
40.7
35.9
P36.8
p35. 7
P40.0
p36. 1
35. 8
34.8
38.9
35.3
35.8
34.9
38.3
35.3
36.8
35.9
40.0
36.0
37.7
36.5
41.4
36.8
37.9
36.5
41.7
37.0
38.5
37.0
43.1
37.3
37.4
35.9
40.6
36.7
38.2
36.8
42.5
37.2
36.5
35.5
39.0
36.0
34.9
33.8
36.5
34.9
33.4
32.1
34.0
34.0
35
34
'38
34
Transportation and public utilities:
Local and suburban transportation
do _ _ _
Motor freight transportation and storage-do
Telephone communication
_do_ __
Electric, gas, and sanitary services
do
Wholesale and retail trade
do
Wholesale trade ..
__do_.
Retail trade §
do
43.1
41.5
39.6
41.0
39.0
40.5
38.5
M3.0
Ml. 6
p39. 4
p40. 9
P38.8
p40. 5
P38. 1
42.6
40. 6
38.8
40.7
38.6
40.2
38.0
42.8
40.8
38.7
40.6
38.7
40.3
38.0
43.2
41.3
38.9
40.7
38.7
40.3
38.0
43.6
42.2
39.2
40.8
39.1
40.6
38.4
43.0
41.7
39.6
41.0
39.4
40.7
38.8
43.3
42.6
39.5
40.9
39.3
40.6
38.6
42.9
42.1
40 3
41 1
38 8
40.5
38.0
42.9
42.3
40.1
41.2
38.6
40.6
37.8
43.3
41.9
39.7
41.3
38.4
40.6
37.5
43.0
42.0
39.5
41.0
39.0
40.8
38.3
42.6
40.9
39.3
41.2
38 5
40.4
37.7
42.4
'41.0
'39 4
40 8
Services and miscellaneous:
Hotels, tourist courts, and motels
do. ._
Laundries, cleaning and dyeing plants .do
39.9
38.8
*>39.6
"38.8
39.2
38.6
39.0
38.5
39.3
39.5
39.6
39.7
40.8
39.1
41.1
38.7
39.4
38.7
39.9
39.1
39.0
38.8
39.0
38.7
38.9
37.9
'39 0
38.0
Average weekly gross earnings per worker on payrolls of nonagricultural establishments :f
All manufacturing establishments!
dollars.. 89.72
97.44
Durable goods industries
do
Ordnance and accessories
do__ _ 108. 67
73.71
Lumber and wood products
_ .do
p 92.34
plOO. 10
P113. 70
p 76.44
89.54
97.17
112.61
71.23
90.78
98.31
112.06
74.88
92.10
99.70
112. 19
77.42
93.03
101.09
112. 19
79.79
93. 20
100. 35
111.76
78.21
92.86
100. 44
112.87
79.19
92. 73
100.00
114.11
81.00
94.54
102. 66
115.92
81.41
95.82
104.39
116.90
78.41
96.63
105 32
117. 18
76.63
94.88
103 17
115 21
73.48
95.20
95.91 P96.
103 53 r!04 30 P104
116 47 '117 03 P117
' 76 24 ' 75 07 P76
do
do
do
75.20 p 76.21
92.97 p 95.00
109. 59 pl!4. 55
73. 14
91.54
108. 49
73. 14
93.03
111.25
73. 53
94. 83
114. 16
76.02
97.29
116. 58
75.62
97.06
117. 68
78.12
98.18
116.11
79.52
97.47
118.19
80 12
97.88
119.29
80 12
97.17
119. 39
81 32
95.04
121. 58
75 66
92.97
122 81
77 59
94.33
122 81
Fabricated metal products
do
Machinery
__ -do
Electrical equipment and supplies
do
98.82 plOO. 85
104. 55 P107. 16
90.74 p 94.24
97.81
105. 04
92.50
99.45
106. 49
93.13
100. 85
106. 75
93.37
102. 09
107. 68
94.71
101. 75
107. 16
93.69
102. 34
106. 75
94.94
99.45
107. 83
93. 53
102. 75
109. 03
96.05
104. 08
109.18
96.70
105. 16
111.87
97.82
102 36
110. 27
95.91
102 72 '103 48 P104 90
111 49 '112 98 *>113 67
95.91 ' 96. 39 p96. 63
111.52 pl!3. 12
do
_do_ __ 93.73 p 96.87
74.28 P 75.84
do
109. 85
95.68
75.46
110. 95
95. 51
75.27
112.87
95. 75
75.07
112. 87
97.10
76.22
1 13. 00
96.80
74.29
112.96
97.75
74.47
1 06. 22
97.99
76.02
117.29
98.64
76.78
123 83
99.53
77.57
125 13
99.95
78. 40
118 66 '117 26 '118 40 P119 39
99 14
98 82 T 98 17 p98 90
77.03 ' 77. 42 ' 79. 00 p78.' 60
r
721
INDEXES OF WEEKLY PAYROLLS!
Construction (construction workers) f. 1957-59= 100..
Manufacturing ("production workers) f
_ do
Mining (production workers) t
do
HOURS AND EARNINGS t
Average weekly gross hours per worker on payrolls
of nonagricultural estab., unadjusted:!
All manufacturing estnb., unadj f
hours
Seasonally adjusted
do
Average overtime
do
Durable goods industries
do
Seasonally adjusted
do
Average overtime
do
Nondurable goods industries, unadj
Seasonally adjusted
Average overtime
Food and kindred products
Tobacco manufactures _ _ _ _ _
Textile mill products
Apparel and related products
Paper and allied products
do
do
do _
do
___do_
do
do
do
Printing, publishing, and allied ind
do
Chemicals and allied products
do
Petroleum refining and related ind
do
Petroleum refining
- ...do
Rubber and misc. plastic products
do
Leather and leather products
do
Nonmanufacturing establishments:!
Mining9
_
Metal mining..
Coal mining
Crude petroleum and natural gas
Contract construction
General building contractors
Heavy construction
Special trade contractors _
Furniture and
fixtures
Stone, clay, and glass products
Primary metal industries
Transportation equipment 9
Instruments and related products
Miscellaneous mfe. industries
r
Revised.
p Preliminary.
1
Includes Post Office employees hired for the Christmas season; there were about 225,000
2
such employees in the United States in Dec. 1961.
Based on unadjusted data.
2.5
0
3
5
6
9
5
T
41 5
' 39 1
r 40 6
'40 2
41 0
p40 4
p40 8
P2 7
P41 0
p41 2
j>2 7
p41
p39
p40
p40
p41
5
0
6
9
0
'40.9
P41.3
p42 1
42 0
' 40 5 p40 6
r 41 4
p41 6
'40.4
'40.1
P40.7
*>39. 9
' 39 6 p39 7
r 40 0
p40 3
2 6
p2 7
r 40 3
MO 6
r 37 g
p38 3
40 8
p40 8
'36.6
P36.8
' 42 4 p42 3
' 41 4
r 40 8
p38 4
p41 8
p41 3
40.6
'38.1
p40. 7
P37.3
r 38 5
1
4
3
4
r 38 5
40 3
'37 7
56
96
03
05
r 78 76 p78 36
' 95. 68 p97. 75
123 41 P123 41
!See corresponding note, bottom p. S-13.
^Effective with Mar. 1962 SURVEY, index
is shown on new base period.
9 Includes data for industries not shown separately.
§Except eating and drinking places.
SURVEY OF CURRENT BUSINESS
Mav 1962
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
Monthly
average
S-15
1961
Mar.
Apr.
May
June
July
1962
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
84.24
90.45 '
66.25 r
66.17
57.62 '
84.28
Mar.
Apr.
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Average weekly gross earnings per worker on payrolls of nonagricultural estab.f — Continued
All manufacturing estab.f— Continued
Nondurable goods industries
dollars-.
Food and kindred products
do
Tobacco manufactures
do
Textile mill products
_.do
Apparel and related products
—do
81.27
87. 20
71.05
63. 18
56. 51
82.29
89. 57
70 87
63. 99
55.84
83. 56
90. 25
74 07
65. 12
56. 64
84.16
90.25
71 05
64.64
58. 16
83. 58
88.60
68 17
66. 02
59.86
83.74
89. 44
67 39
66. 09
56.93
84.77
89.84
69 36
67.08
60.14
85.39
89.79
69 32
68.31
60.62
85. 57
90.80
72.98
67.82
59.95
' 85. 54 p 85.
90. 00 ' 90. 68 p 91.
68 82 ' 72. 20 p 74.
66.83 ' 68. 54 P 68.
59. 95 ' 61. 49 p 61.
63. 60
56. 45
P 65. 04
v 57. 70
80.88
87.23
65 51
62. 86
57. 51
95 37
102. 80
103. 25
118.78
92 97
60. 52
p 99. 45
*104. 67
P106. 81
P124.42
p 96. 32
p 62. 66
96 14
103. 90
104. 24
121.80
91.89
61. 62
97 90
104. 01
104. 24
124. 42
93. 69
59.95
97 90
104. 12
105. 06
123. 30
95. 04
61. 46
100 39
104. 67
108. 00
126.24
97.03
63.29
100 58
104.39
107.90
126. 42
98.90
63.58
101 05
105. 33
107. 49
122. £9
97.85
62.79
102 15
106.37
107.53
126.88
98.74
61.88
101 91
105. 71
108. 58
125. 93
98.49
62.76
102 38
106. 09
109. 52
126.46
100. 12
64.98
101.91
107. 97
108. 99
123. 62
102. 83
66.18
100 20
105. 36
109. 56
128. 44
99.31
66.18
r
105.44
do
111. 19
do
do __ 110.76
103.32
_do
pl07. 20
pl!3. 30
pill. 38
P105. 74
101. 14
109 35
96. 71
104. 75
103. 49
111 25
101.35
105. 75
104.
109
106
104.
92
62
91
00
108.09
114 24
115 18
103. 75
110
114
119
106.
24
40
32
93
108. 09
113 02
1 13. 83
104. 67
109 06
114 68
114 19
106.08
111
117
117
107.
19
88
18
95
109.88
115 64
116 94
106. 75
109. 89
118. 30
117.62
107. 17
108.
116
117
106
93
88
38
60
r
l!0. 30
r
l!7 59
r
l!6. 94
r
112. 67
103. 72
114.77
118. 11
pl!7. 37
P108. 59
pl!7. 62
pl22. 94
112 41
103.70
110.48
118 61
112
105.
109.
118.
77
40
92
96
116 ^9
108 78
116.40
121 32
119 13
110 ?3
121.72
124 02
119 76
110 23
122.60
125 06
122 05
111 74
127. 15
126 45
120 43
109 85
121.80
126 25
123
112
127.
127
00
98
08
97
118 26
110 05
117.00
124 20
114 82
106. 13
111.33
121. 80
111
102
104.
119
r
22 r l!3 37
08 !06 30
72 ••109. 16
34 rl!9 37
94. 82 p98. 18
104. 17 P107. 89
89.50 v 93. 22
108. 65 pl!2. 35
97.13
103 53
90. O9
110 30
97. 16
104 45
90. 17
110 43
98.06
106 55
91 03
110 70
99.41
109 30
92 12
110 98
98.47
108 42
93 46
112 34
99.16
111 19
93.62
112 07
98.67
11^ 14
97 53
Hd 26
98.24
111 67
96 64
114 95
100.02
111 04
96 47
115 64
99.33
111.72
96.38
114 80
100.11
108 79
95 89
115 77
do
do_
do
Paper and allied products
Printing, publishing, and allied ind
Chemicals and allied products
Petroleum refining and related ind
Rubber and misc. plastic products
Leather and leather products.
70 98 p 72. 84
91 . 13 p 93. 55
62. 37 P 64. 16
71 41
91. 66
62 70
71 98
92. 69
63 46
7*> 37
92 69
63 84
73 51
94 19
64 90
74 07
94 42
65 57
73 88
93 79
65 23
73 72
94 77
64 60
73 34
94 60
64 64
73 34
95 00
64 13
73 32
95.47
64 73
73 92
94 13
64 84
r
r
do_ _.
do
67.15 P 69. 35
87 41 P 89. 82
69. 01
88 80
68.82
89 08
68 63
89 50
68 82
89 57
69 56
90 05
69.19
90 34
69 37
90 26
70 12
90 35
70.31
90 58
70.87
91.72
71.24
92 19
'71.23
r
92. 60
do
do
43 89 p45 47
48.11 p49. 17
45 08
48 25
44 85
48 51
45 20
50 17
44 75
50 42
44 88
49 66
45 21
48 76
45 31
49 15
47 08
50 05
46 41
49 66
46.80
49.54
46 29
48 89
r
do
do
do
do
do
do
Nonmanufacturing establishments:!
Mining9
Metal mining
Coal mining
_
__
Crude petroleum and natural gas
Contract construction
General building contractors
Heavy construction..
Special trade contractors
80. 36 * 82. 92
86. 30 v 89. 16
64 94 v 69. 06
-
do
dodo
do. _
Transportation and public utilities:
Local and suburban transportation
do
Motor freight transportation and storage do
Telephone communication _ _ _ _ _ _ . d o
Electric gas, and sanitary services
do
Wholesale and retail trade
Wholesale trade
Retail trade§
Finance, insurance, and real estate:
Bankin"._
Insurance carriers
Services and miscellaneous:
Hotels tourist courts and motels
Laundries, cleaning and dyeing plants
75
76
69
54
46
!00 01 r!00 91 plOO 67
'106. 68 '107. 80 pl07. 52
108. 47 '108. 05 pl09. 10
'123. 02 '123. 62 P125. 14
' 97. 28 ' 98. 25 p 98. 90
' 64. 98 ' 65. 53 p 64. 53
!08. 52
99.22
r
!09 47
r
96. 14
r
l!4 65
73 Q2
94 30
r 65 22
46 41
' 48. 64
Average hourly gross earnings per worker on payrolls of nonagricultural establishments:!
All manufacturing establishments!
dollars.Excluding overtimed"1
do
Durable goods industries1 do. _
Excluding overtimed
do
2.26
2.20
2.43
2. 36
P2.32
P 2.25
P2.49
p 2. 42
2.29
2 24
2.46
2.40
2.31
2.25
2.47
2.41
2.32
2.25
2.48
2.42
2.32
2.25
2.49
2.42
2.33
2 26
2.49
2.42
2.31
2.24
2.48
2.41
2.33
2 25
2.50
2.41
2.34
2.26
2.51
2.43
2 36
2^28
2.54
2.45
2.38
2.30
2.55
2.46
2.39
2.31
2.56
2.48
2.38
'2.31
2.55
2.47
2.38
2.31
'2.55
'2.47
p2. 39
P2.31
p2. 56
p2. 48
Ordnance and accessories.
do__ _
Lumber and wood products
do_
Furniture and fixtures __
do, _ _
Stone, clay, and glass products
do
Primary metal industries
do
Blast furnaces, steel and rolling mills do
2.67
1.89
1.88
2 29
2.81
3.08
P2.78
p 1.94
Pl.91
p 2. 34
P 2. 90
p3. 19
2.76
1.85
1.89
2.30
2.84
3.12
2.76
1.93
1.89
2.32
2.86
3.15
2.77
1.95
1.90
2.33
2.89
3.17
2.77
1.97
1.91
2.35
2.90
3.19
2.78
1.98
1.90
2. 35
2.92
3.21
2.78
1.97
1.91
2.36
2.91
3.19
2.79
2.02
1.93
2.36
2.94
3 21
2.80
2.01
1.94
2.37
2.96
3.26
2.81
1.99
1.94
2.37
2.97
3.28
2.81
1.97
1.95
2.37
2.98
3.29
2.81
1.97
1.94
2.39
3.01
3.32
2.82
1.94
1.93
2.37
3.01
3.33
2.82
' 1.92
1.94
2.38
3.01
P2.82
pl.95
pi. 93
P2.39
p3. 01
Fabricated metal products
-- do_ __
Machinery
do
Electrical eouipment and supplies
do_
Transportation equipment 9
do
Motor vehicles and equipment .- do. _
Aircraft and parts
do
Instruments and related products
do
Miscellaneous mfg. industries
do
2.44
2. 55
2.28
2.74
2.81
2.70
2 32
1.89
P2.49
P2.62
P 2. 35
P 2. 80
»2. 86
J>2. 78
P 2. 38
Pl.92
2.47
2 60
2.33
2.76
2.80
2. 76
2.38
1.93
2.48
2.61
2.34
2.76
2.82
2.75
2.37
1.93
2.49
2 61
2.34
2.78
2.85
2 74
2.37
1.92
2.49
2 62
2.35
2.78
2.85
2.74
2.38
1.92
2.50
2 62
2.36
2.79
2.85
2.76
2.39
1.90
2.49
2.61
2.35
2.81
2.87
2.78
2.39
1.89
2.48
2 63
2.35
2.81
2.84
2 80
2.39
1.91
2.50
2.64
2.36
2.84
2.88
2.82
2.40
1.91
2.52
2 65
2.37
2.90
2.98
2 83
2.41
1.92
2.54
2.67
2.38
2.91
3.00
2.84
2.42
1.96
2.54
2.67
2.38
2.88
2.94
2.84
2.43
1.97
2.53
2.68
2.38
2.86
2.91
2.83
2.44
'1.98
2.53
'2.69
2.38
'2.86
p2. 54
p2. 70
p2. 38
P2.87
'2.43
1.97
P2.43
pl.97
2.05
1.99
2.11
1.70
1.61
1.59
2.26
p 2 . 11
P2.05
P2. 18
M.78
p 1.63
pl.63
P2.34
2.09
2.04
2.17
1.79
1.62
1.62
2.30
2.10
2.05
2.18
1.86
1.62
1.61
2.32
2.11
2.05
2.19
1.86
1.62
1.60
2 32
2.11
2.04
2.18
1.88
1.62
1.60
2 34
2.12
2.05
2.18
1.86
1.62
1.62
2 35
2.10
2.03
2.14
1.70
1.63
1.64
2.35
2.12
2.05
2.15
1.62
1.64
1.65
2 37
2.13
2.06
2.17
1.70
1.64
1.68
2 37
2.14
2.06
2.19
1.81
1.65
1 67
2 37
2.15
2.08
2.22
1.82
1.65
1.67
2.37
2.16
2.09
2.25
1.81
1.65
1.67
2 38
2.15
2.08
'2.25
1.84
1.65
1.67
r
2. 37
'2.16
2.09
2.25
'1.91
' 1.68
1.68
2 38
»»2. 16
P2.09
p2. 26
Pl.95
pi. 68
p i . 67
P 2 38
do_ _
do
do
do
do
do
2.67
2.50
2.89
3.02
2.33
1.64
p 2 . 74
p 3. 02
*3. 16
P 2. 39
p 1. 68
2.72
2.53
3.00
3.14
2.35
1.67
2.73
2.53
3.02
3.16
2.36
1.67
2.74
2. 55
3.00
3.15
2.37
1.67
2.74
2.59
3.02
3.18
2.39
1.67
2.74
2.60
3.01
3.17
2.43
1.66
2.75
2.59
2.99
3.15
2.41
1.67
2.77
2 61
3.05
3.21
2.42
1.70
2.76
2 61
3.02
3.17
2.42
1.71
2.77
2 62
3.04
3 19
2.43
1.71
2.79
2.62
3.03
3.17
2.46
1.71
2.78
2 64
3.08
3.21
2.44
1.71
'•2.80
2 62
'3.03
r
3. 16
'2.42
1. 71
'2.80
' 2 61
3.03
p2. 80
P 2 61
P3.03
'2.42
1. 72
p2. 43
pi. 73
do _.
do _
do
do
do. _
do
do
do__ _
2.61
2.66
3.12
2.46
3.07
2.93
2.82
3.29
P2.64
p2. 74
P 3.11
P2. 53
p3. 18
P3.04
*>2.94
P3.40
2.60
2.70
3.07
2.50
3.14
2 gg
2.84
3.36
2.62
2.72
3.09
2. 53
3.15
3.02
2.87
3.37
2.61
2.70
3 09
2.50
3.16
3.03
2.91
3.37
2.63
2.72
3.13
2.50
3.16
3.02
2.94
3.37
2.65
2.75
3 14
2.54
3.16
3.02
2.94
3.38
2.63
2.73
3. 11
2.51
3.17
3.02
2.95
3.39
2.66
2 75
3 12
2.55
3.22
3.06
3.00
3.44
2.66
2.80
3 10
2.54
3.22
3.07
2.99
3.44
2.68
2 80
3 11
2 56
3.24
3 10
3 00
3.45
2.70
2.81
3.12
2.57
3.29
3.14
3.05
3.49
2.73
2 83
3 13
2 60
3.33
3 18
3.08
3.51
2. 71
2.82
'3 11
2. 59
'3.23
' 3 09
r
2. 85
'3.47
Transportation and public utilities:
Local and suburban transportation
do__ _
Motor freight transportation and storage. do
Telephone communication
do __
Electric, gas and sanitary services
do__ _
2.20
2.51
2.26
2.65
p2. 29
P2.60
P2.37
i>2.74
2.28
2.55
2.32
2.71
2.27
2.56
2.33
2.72
2.27
2.58
2.34
2.72
2.28
2.59
2.35
2.72
2.29
2.60
2.36
2.74
2.29
2.61
2.37
2.74
2.30
2.64
2.42
2.78
2.29
2.64
2.41
2.79
2.31
2.65
2 43
2 80
2.31
2.66
2.44
2.80
2.35
2.66
2.44
2.81
2.34
2.67
2.44
2. 81
1.82
2.25
1.62
"1.88
P2.31
pl.68
1.85
2.28
1.65
1.86
2.30
1.67
1.87
2.30
1.68
1.88
2.32
1.69
1.88
2.32
1.69
1.88
2.31
1.69
1.90
2.34
1.70
1.90
2.33
1.71
1.91
2 34
1 71
1.88
2.34
1.69
1.92
2 33
1 72
1.10
1.24
»1. 15
M.27
1.15
1.25
1.15
1.26
1.15
1.27
1.13
1.27
1.10
1.27
Nondurable goods industries
Excluding overtimed1
Food and kindred products _Tobacco manufactures _
Textile mill products
Apparel and related products
Paper and allied products
Printing publishing, and allied ind
Chemicals and allied products
Petroleum refining and related ind
Petroleum refining
Rubber and misc. plastic products
Leather and leather products
Nonmanufacturing establishments:!
Mining 9
-- - -Metal mining
Coal mining
Crude petroleum and natural gas
Contract construction
General building contractors
Heavy construction
._
Special trade contractors
- . do
do
- do_ _
_do_ __
do__do
do
Wholesale and retail trade
do
Wholesale trade
do
Retail trade §
do
Services and miscellaneous:
Hotels, tourist courts, and motels
do
Laundries, cleaning and dyeing plants__do
' Revised.
P Preliminary.
!See corresponding note, bottom p. S-13.
§Except eating and
drinking places.
9 Includes data for industries not shown separately.
http://fraser.stlouisfed.org/ that overtime hours are paid
d1 Derived by assuming
Federal Reserve Bank of St. Louis
P 2. 58
at the rate of time and one-half.
1.10
1.26
r
' 1.92
' 2 34
r
1 73
1.15
1.20
1.19
1.19
1.18
1. 19
1.27
1.28
1.28
1.29 '1.28
1.28
NOTE FOR HELP-WANTED ADVERTISING INDEX, p. S-16. New series;
from National Industrial Conference Board and B. K, Davis and Bro. Advertising Service.
The index is based on the number of help-wanted ads published in one leading newspaper in
each of 33 cities located throughout the country, representing the larger metropolitan areas.
Monthly data for 1959-60 are available upon request; index for Jan. and Feb. 1961, 79.9 and
79.3, respectively.
SURVEY OF CURRENT BUSINESS
S-16
1960 | 1961
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
Monthly
average
May 1962
1961
Mar.
Apr.
May
1962
i
!
July ! Aug. j Sept.
June
Oct.
Xov.
Dec.
Jan.
Feb.
2.878
4.257
1 11
2.678
2 15
2.889
4.273
2. 897
4.283
Mar.
Apr.
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Miscellaneous wages:
Construction wages (ENR):
Common labor
$ per hr
Skilled labor
do _ _
Farm, without board or rm , 1st of mo
do
Railroad wages (average, class I)
do
Road-building, com labor (qtrly )
do
LABOR CONDITIONS
Help-wanted advertising, seas. adj. © _ _ .1957=100.Labor turnover in manufacturing estab.: f
Accession rate, total- _mo. rate per 100 employees. Seasonally adjusted *
do
New hires...
_
_ _ _
_
do
Separation rate total
do
Seasonally adjusted *
do
Quit
do
Layoff
do
Industrial disputes (strikes and lockouts) :
Beginning In month:
Work stoppages
number
Workers involved
thous
In effect during month:
Work stoppages
number. _
Workers involved
thous
Man-days idle during month
do
EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
Nonfarm placements
thous
Unemployment insurance programs:
Insured unemployment all programs
do
State programs:
Initial claims
do
Insured unemployment, weekly avg-._do
Percent of covered employment:^
Unadjusted
Seasonally adjusted
Beneficiaries, weekly average
thous_ .
Benefits paid
_ mil. $
Federal employees, Insured unemployment
thous _ _
2.699
4.031
i .97
2.616
1
2.09
2.827
4.190
1
.99
r
2. 675
1
2. 14
2.765
4.120
94.2
85.9
3.8
p 4. 1
2.2
4.3
P 2.2
P 4. 0
1.3
2.4
2. 775
4.133
1.04
2.687
1. 96
2. 815
4.163
2. 836
4. 197
2.652
2.666
81.1
79.8
82.0
p 1. 2
•p 2.2
4.0
4.6
1.6
3.9
4.2
.9
2.3
4.0
4.4
1.8
3.4
3.5
1.0
1.9
4.2
4.2
2.1
3.5
3.8
1.1
1.8
278
110
P275
P120
220
55
320
94
1, 600
p 1,380
350
75
610
460
126
1,180
485
2. 067
2.641
2. 851
4. 215
1.04
2.684
2 17
2.860
4.223
2.862
4.237
2.654
2.692
83.8
82.6
86.1
5.0
3.9
2.9
3.6
4.0
1.2
1.7
4.4
4.0
2.5
4.1
4.3
1.2
2.3
5.3
4.1
3.1
4.1
3.8
1.7
1.7
430
120
330
140
330
95
620
165
1, 530
570
211
1,760
5(50
183
1, 690
551
501
2.871
4. 245
93
2.674
2.25
2.877
4.253
2. 877
4. 253
2.681
2.700
84.8
95.9
99.1
96.9
102.3
105.9
106. 3
4.7
3.7
3.0
5.1
4.1
2.3
2.0
4.3
4.4
2.7
4.1
3.6
1.4
2.0
3.3
4.0
19
4.0
3.9
1.1
2.2
2.6
3.8
14
4.0
4. 1
.9
2.6
4.1
4.4
22
3.9
3.9
1.1
2.1
'3.5
4.1
20
'•3. 4
3.9
1.7
p3.6
P4.2
p2 2
P3.4
p3.6
pl.2
pl.5
325
95
310
334
300
223
225
83
100
27
265
160
225
67
260
98
550
160
1,320
530
390
3,150
510
277
2. 380
430
156
1,000
250
75
500
400
185
1.040
330
100
808
350
136
1,180
511
448
r 1.1
r
492
1,434
1,906
417
2, 481
3, 403
1,516
2, 300
2
1,709
3,168
1,468
2,779
1,368
2, 328
1,229
1,991
1, 501
1,958
1,248
1,744
1,081
1, 558
1,219
1, 502
1,406
1,662
1,658
2,017
1,974
2,486
1,286
2,415
1.171
2,218
520
440
2
3,006
2
2, 532
2
2, 165 2 2, 133
603
2
1, 905
596
607
2
1,715
2
1, 651
2
1, 816 2 2, 174
425
465
2
2, 659
2
2, 579
511
2
2, 374
4.8
5.6
1,640
227.2
2,004
285.2
7.8
6.3
2,899
461.5
5.9
2, 664
362.5
5.7
5.6
2,138
320.1
4.9
5.3
1,880
264.4
4.8
5.3
1,665
224.0
4.3
5.2
1,589
237.2
3.8
5.1
1,374
185. 0
3.7
5.1
1, 283
180.9
4.1
5. 1
1, 334
190.9
5.0
4.8
1,577
218 5
6.2
4.7
2,055
314.9
6.0
4.5
2,127
287.2
5.5
4.4
2. 073
310. 2
33
33
40
36
33
31
32
31
28
28
29
31
36
36
34
29
Veterans' program (UCX):
Initial claims
do
Insured unemployment, weekly avg.. do
Beneficiaries weekly average
do
Benefits paid
- .mil. $ Railroad program:
Applications
thous..
Insured unemployment, weekly avg.-.do
Benefits paid
.- mil. $ _
2. 901
4.283
1 07
54
52
7.0
28
67
65
9.0
35
91
80
11.6
29
83
95
12.0
26
71
71
10.2
26
61
66
9.0
29
60
56
7.3
30
58
57
8.2
25
52
53
6.9
24
47
46
6.3
22
47
44
6.1
20
49
46
6.0
24
52
51
7.4
21
49
49
6.1
26
49
47
6.5
31
72
13.1
P22
P91
p 16. 8
10
106
22.3
6
107
16.3
6
100
20.5
9
83
17.6
100
83
12.7
26
74
16.2
19
14
74
13.8
15
77
13.8
13
13.4
16
86
16.2
P 79
13.7
P 73
13.6
2.422
4,860
1,730
3, 130
2,491
5.104
1,818
3,286
2, 555
5. 331
1,868
3, 403
2, 683
4,674
1.711
2, 963
2,621
5, 544
1,762
3. 782
2,559
5,508
1,762
3. 746
2, 498
5, 705
1,876
3, 829
FINANCE
BANKING
Open market paper outstanding, end of mo.:
Bankers' acceptances
mil $
3
3
3
3 4, 795
3 5, 277
5,023
3 2, 564
3649
3
1, 582
3
2, 828
3697
1, 752
2,640
665
1,718
259. 3
106.6
51.9
265. 4
110. 5
53.4
2,271
4,918
1,460
3, 458
2,301
4,976
1,534
3,442
2,400
4, 928
1, 617
3, 31 1
5,110
5,174
5,242
5, 310
5,347
5,352
5,313
5, 252
5,277
5, 320
5,411
5,502
2,669
650
1,790
2,701
613
1,859
2,728
595
1,920
2,746
617
1,947
2,767
646
1,935
2,784
645
1,922
2,800
679
1,834
2,812
695
1,745
2,828
697
1,752
2,848
716
1,757
2,868
730
1,812
2,899
728
1,875
241. 0
101.2
48.5
268.8
111.5
53.8
271.8
113.2
54.3
247.7
100.6
49.1
255. 5
100.9
51.4
246. 6
100. 3
49.0
274.7
113.7
54.3
272.6
112.5
54.2
286.6
120.3
57.5
294.7
118.1
61.4
239.5
94.3
49.0
293. 3
124.7
59.7
251. 0
102. 2
50.2
98.5
253.0
104.5
50.6
97.8
261.2
108.7
51.8
100.6
256. 9
104.9
51.7
100.4
259.2
105. 8
51.6
101.7
258.1
105. 4
51.4
101.3
261.8
107.8
52.0
102.0
272.4
113.6
54.0
104.7
273.8
115. 2
54.4
104.2
273.7
114.0
55.0
104.8
277.8
110.3
58.2
109.4
263.0
103.3
54.4
105.4
283.6
118.1
57.5
108.1
352,984 354,329
50, 188
50, 549
49, 811
50, 678
50, 782
51,059
51,696
52, 087
52, 933
54, 329
52,311
52, 547
51, 932
52, 739
329,359 331,362
3130
333
328,881
327,384 3
317,479 16, 615
28, 060
115
26, 688
17, 099
27, 950
67
26, 772
17, 089
27, 806
111
26, 887
17, 095
28, 496
36
27, 253
17, 256
28, 028
59
27, 422
17, 223
28, 835
47
27, 697
17, 187
29, 213
28
27, 799
17,099
29, 548
59
28, 268
17, 028
30, 656
39
29, 210
16, 710
31, 362
130
28, 881
16, 615
29,612
129
28, 532
16, 542
29, 928
139
28, 360
16,530
30, 224
115
29, 061
16, 336
30, 641
120
29. 182
16,222
do
352,984 354,329
50, 188
50, 549
49,811
50, 678
50, 782
51,059
51, 696
52, 087
52, 933
54, 329
52,311
52, 547
51, 932
52, 739
do
do
do
3
3
3
18, 336 18. 451
17, 081 317,387
328,450 ' 29, 305
17, 546
16, 158
27, 520
17, 562
16,419
27, 415
16, 966
16, 107
27, 564
17, 694
16, 716
27, 778
17, 800
16, 856
27, 906
17, 724
16, 620
28. 034
18,038
17, 105
28, 100
18, 194
16,888
28, 229
18, 136
17, 200
28, 814
18, 451
17, 387
29, 305
17. 749
16,872
28, 536
17, 850
16, 808
28, 483
17, 952
16, 972
28, 474
18. 207
17.035
28. 537
Federal Reserve banks, condition, end of mo.:
Assets total 9
mil. $
Reserve bank credit outstanding, total 9 -do
Discounts and advances .
__do
U.S. Government securities
do
Gold certificate reserves
do
Deposits, total 9
Member-bank reserve balances
Federal Reserve notes in circulation
3
2, 027
3 4, 483
1, 358
3, 125
2, 203
4,918
1,478
3,440
Placed through dealersj
do
Placed directly (finance paper) t
do
Agricultural loaris and discounts outstanding of
agencies supervised by the Farm Credit Adm.:
Total end of mo
mil $
Farm mortgage loans:
Federal land banks
do
I^oans to cooperatives
do
Other loans and discounts
do
Bank debits:
Unadjusted:
Total (344 centers)
bil $
New York City
do
6 other leading centers!
do
Seasonally adjusted:*
Total (344 centers)
do
New York City
do
6 other leading centers^
do
337 other centers
do
Liabilities total 9
3
3
236. 6
91.9
48.1
3 2, 683
4, 674
1,711
2, 963
3
2,231
5,059
1,525
3,534
2,254
5,071
1, 532
3,539
Ratio of gold certificate reserves to deposit and
334.8
38.4
38.0
37.9
FR note liabilities combined
percent- . 337.4
r
Revised.
p Preliminary.
* Quarterly aver age.
2
Excludes persons under Temporary Extende d Comr ensation prograrn and u nder
extended duration provisions (thous.): 1961— Apr., 580 and 40, respc ctivelv; May, 74 7; 11;
June, 703; 9; July, 542; 3; Aug., 450; 2; Sept., 403; 3 Oct., 3e 5; 2; Nc>v., 355; 1 ; Dec., 357; 1;
1962— Jan., 354; 2; Feb., 333; 2; Mar., 322; 6.
3 End of year.
© See note, bottom p. S-15.
f See correspond ing note bottom p. S-13.
34.7
35.7
35.2
36.7
35.6
34.8
35. 7
37.1
37. 6
serie s. Data prior to 1961 for labor tiirnover £ippear in BLS Bulletin ?slo. 1312;
data p rior to IC 61 for ba rik debit s will be shown 1 iter.
9 includes data not shown s eparateljr ^
c?1 [nsured unemplo yment a =5 % of a yerage e<)vered eiuployme nt in a 12-montli period.
JIlevisions for Ma r. 1959-Iv'ov. 1960 (Aug. ] 959-Juljr 1960 fO " placed through dealers.)
are av ailable u pon reqilest,
11ncludes Boston, I-'hiladelp hia, Chi cago, De troit, Saii Francis>co, and Los Angc,les.
37.9
37.7
*>slew
SURVEY OF CURRENT BUSINESS
May 19C2
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
I960
1961
End of year
S-17
1962
1961
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Fob.
Mar.
Apr.
FINANCE—Continued
BANKING— Continued
All member banks of Federal Reserve System,
averages of daily figures:
Excess reserves
mil $
Borrowings from Federal Reserve banks
do
Free reserves _ __
_ do
1
1
756
187
669
Weekly reporting member banks of Federal Reserve
System, condition, Wed. nearest end of year
or month :f
Deposits:
Demand adjusted d*
.mil. $
Demand, total 9
Individuals partnerships and corp
States and political subdivisions
U.S. Government
._
Domestic commercial banks
do
do
do
.-do
do
i 568
i 149
i 419
65, 644
93,215
607
56
551
549
96
453
(319
63
549
581
51
530
604
67
537
584
37
547
507
65
442
62, 550
556
70
486
62, 120
62, 156
62 381
61,855
62, 166
88, 056
64 1(58
5,490
2,982
10 805
88, 255
63 750
4, 932
3, 834
10 925
89, 427
64 044
5,107
4, 086
11 201
86, 379
62, 935
4,847
3,568
10 586
90, 354
64 480
4, 693
5,533
11 022
39, 191
39 712
40 304
40, 660
97, 958
r
70. 118
' 5. 002
4,747
4. 033
3,979
13 415
86, 044
4. 836
2, 865
88, 229
63 869
5, 572
2, 854
11 090
41.603
37 498
38 538
35, 386
Time, total 9
do
Individuals, partnerships, and corp.:
Savings
do
Other time
_ do_ _.
30, 225
5, 945
27 902
5, 699
28, 202
5, 939
28 627
6, 102
28 862
6, 389
29, 030
6, 415
70, 153
31,905
3.883
4 960
12 770
19 456
69, 913
31,460
3,873
5 057
12,855
19 527
70, 171
31, 769
3,888
5 025
12 896
19 389
70, 072
31, 499
4,100
5 066
12 956
19 606
69, 551
31, 476
3, 615
5, 044
13,055
19 408
41,453
30 590
25, 452
10 863
42, 234
31, 397
25, 644
10 837
42, 935
31,976
25, 667
10 959
44, 851
33 790
26, 378
11 061
44, 750
33, 464
26,311
11,286
r
470
91
-379
498
69
429
63, 104
62, 229
63,071
91,216 97, 958 91, 853 91, 871
66 183 r 70 118 r67, 140 '66, 501
4, 894 ' 5, 002 r 5, 206 ' 5, 234
3,316
3, 414
3,220
4,033
11 820 13 415 11 175 11 167
89,015
63, 936
4,848
4,277
10, 844
93, 061
65, 458
5,771
4,744
11 297
622
105
517
568
149
419
616
70
546
502
68
434
63, 423
63, 906
65, 644
64, 362
92, 658
66, 407
5,027
4,071
12 008
41, 007
41,209
41, 188
29, 244
6,512
29, 621
6,406
29, 771
6,190
70, 989
31,805
4, 066
5 487
13, 136
19 699
71, 843
32, 085
4, 535
5, 358
13, 245
19, 622
46,114
34 414
26, 149
11 700
45, 624
34, 087
26, 833
11,537
42, 863
43, 906
45, 055
45, 670
30 225
5,945
30, 640
6, 553
31, 073
7,067
31,621
7,627
31,757
7,879
71, 670
32, 109
4, 004
5 375
13, 347
19 706
74, 285
32, 797
4,705
6 159
13 403
21 194
71,878
31,992
3,804
5 516
13 420
20 696
72, 886
32, 204
4,478
5,575
13, 497
20, 573
74, 030
33, 014
4,519
5,624
13, 620
20, 783
75, 915
32, 937
5, 449
5 763
13, 874
21 404
45, 649
33, 932
26, 888
11,717
46, 069
33 960
26, 609
12 109
46, 653
34, 475
26, 820
12,178
46, 042
33, 510
25, 645
12, 532
45, 508
32, 214
25, 226
13, 294
45, 994
32, 069
25, 825
13, 925
41 603
74. 285
32, 797
4, 705
6.159
13,403
21,194
69, 638
32, 203
3,104
40, 754
30, 547
24, 944
10, 207
46, 069
33, 960
26, 609
12, 109
40, 377
29, 519
25, 578
10 858
35.16
34.97
5. 15
5 45
3 4.97
3 4. 76
3 4.98
3
5. 28
4
4
4
5
3.00
* 5. 05
4
6. 00
3. 00
4 4. 00
4 5. 64
3.00
3 99
5. 74
3. 00
3 99
5.60
3.00
4.00
5.60
3.00
4 00
5.60
3.00
3 99
5. 60
3.00
3.97
5.60
3 00
3.98
5.60
3.00
3.98
5.60
3. 00
4.00
5.60
3.00
3 98
5.60
3.00
3.94
5.60
3.00
3.99
5.60
3.00
3.99
5. 60
3.00
4 3. 51
*3.85
42.81
4 2.97
2.94
3.03
2.84
2.91
2.68
2.76
2.75
2.91
2.75
2.72
2.81
2. 92
2.84
3.05
2.75
3.00
2.75
2.98
2.87
3.19
3.00
3.26
3.00
3.22
3.00
3.25
3.00
3.20
43.54
* 4.99
<2.68
4 4. 50
2.76
4.50
2.58
4.50
2.50
4.50
2.66
4. 50
2. 50
4.50
2. 64
4.50
2.68
4.50
2.79
4.50
2.74
4.50
2.93
4.50
3.05
4.50
3.00
4.50
3.02
4.50
3.09
4.50
Yield on U.S. Government securities (taxable):
3-rnonth bills (rate on new issue)
percent. _ 4 2. 928
*3.99
3-5 year issues
_
do .
4 2, 378
4 3. 60
2. 420
3.43
2. 327
3.39
2. 288
3.28
2. 359
3. 70
2.268
3.69
2. 402
3. 80
2.304
3 77
2.350
3.64
2.458
3.68
2.617
3 82
2.746
3.84
2.752
3.77
2.719
3.55
2. 735
3.48
22, 357
651
21 720
739
21 610
720
21,652
711
21,845
700
21 832
691
21 857
*68l
22 048
673
21 982
666
22 066
658
22 357
651
22 350
642
22 420
629
22 701
620
•>•> 57Q
mil. $._ 55, 757
57,139
53, 641
53, 756
54, 196
54, 602
54, 505
54, 739
54, 757
54, 902
55, 451
57, 139
56, 278
55, 592
55, 680
do
42, 588
43, 163
41,465
41,423
41, 584
41, 888
41,909
42, 090
42, 039
42, 181
42, 419
43, 163
42, 846
42, 632
42, 704
Automobile paper
Other consumer eoods paper
Repair and modernization loans.
Personal loans
do
do
do _
do
17, 444
11, 525
3, 139
10, 480
16,960
11,771
3,177
11,255
16, 922
11,007
3, 066
10, 470
16, 877
10,915
3,073
10, 558
16, 933
10, 929
3,100
10, 622
17,061
10, 966
3,122
10, 739
17, 063
10, 934
3,133
10. 779
17 061
10 966
3,165
10, 898
16 902
11,006
3, 180
10, 951
16, 913
11,085
3,183
11,000
16 960
11,215
3,192
11, 052
16 960
11 771
3,177
11 255
16 878
11 605
3,131
11, 232
16 900
11, 380
3,099
11,253
17
11
3
11
By type of holder:
Financial institutions, total_
Commercial banks
Sales finance companies-.
Credit unions __
. __
Consumer finance companies.. ...
Other -._
36, 974
do
16, 672
do
11,228
do
3,923
do
do. _ 3, 670
1,481
do...
37. 580
16,843
11, 052
4,352
3,798
1, 535
37, 092
17, 148
10, 931
3, 920
3. 603
1, 490
37, 003
17, 072
10, 883
3,964
3, 606
1,478
37, 056
17,079
10, 859
4,019
3, 607
1, 492
37, 249
17,113
10,915
4,107
3,622
1, 492
37, 226
17, 066
10, 903
4.144
3,633
1,480
37, 320
17 065
10, 886
4 207
3, 659
1,503
37, 188
16 909
10, 882
4,233
3,650
1, 514
37, 191
16, 877
10, 866
4,269
3,671
1,508
37, 240
16 836
10, 878
4,317
3,684
1 , 525
37 580
16 843
11,052
4 352
3,798
1 535
37, 551
16 759
11,190
4 306
3,782
1 514
37, 469
16 726
11, 133
4 311
3,783
1, 516
37 509
16 779
11 049
4 355
3' 795
1 531
5, 615
2, 414
1,107
359
1,735
5, 583
2,421
1,080
359
1,723
4, 373
1,452
1,016
361
1.544
4, 420
1,545
1,002
361
1,512
4,527
1.650
997
360
1, 520
4,639
1,748
1.001
359
1, 531
4, 682
1,811
993
359
1 519
4,769
1,896
1 001
359
1 513
4,850
1, 979
1 009
360
1 502
4,990
2,097
1,014
359
1 520
5, 179
2, 213
1 034
360
1 572
5, 583
2,421
1 080
359
5.295
2,212
1 057
359
1 667
5,163
2,167
1 039
358
1 599
5,195
2 '>27
1 018
356
1 594
Loans (adjusted), totaled
Commercial and industrial
For purchasing or carrying securities
To nonbank financial institutions
Real estate loans
Other loans
do
___do
do
do
do
do
Investments, total
U.S. Government obligations, total
Notes and bonds
Other securities
do_.
do
do_ _
do
Money and interest rates :§
Bank rates on business loans:
In 19 cities
New York Citv
_ _ _
7 other northern and eastern cities
11 southern and western cities
percent
do
do
do
Discount rate, end of year or month (N.Y.F.R.
Bank) .
percent.
Federal intermediate credit bank loans
do
Federal land bank loans
do
Open market rates, New York City:
Bankers' acceptances (prime, 90 days) _ . -do
Commercial paper (prime, 4-6 months) _ _ do
Finance Co. paper placed directly, 3-6 months
percent..
Stock Exchange call loans, going rate
do
Savings deposits, balance to credit of depositors:
New York State savings banks, end of year
or month
mil $
U S. postal savings ^
do
71, 009
32, 156
3,945
12, 824
3
3
21, 400
770
12 727
97
75
96
29
2
4
4
5
5
4 97
4.75
4 95
5 31
99
75
05
26
4.98
4.78
4.97
5.28
4 96
4.77
4 96
5 24
CONSUMER CREDIT %
(Short- and Intermediate- term)
Total outstanding, end of year or month
Installment credit, total
Retail outlets, total
Department stores
Furniture stores
Automobile dealers
Other
__
.
do
do_ ..
do __
do
do
039
256
084
325
do
13,169
13, 976
12, 176
12, 333
12, 612
12 714
12 596
12 649
12 718
12 721
13 032
13 976
13 432
12 960
12 976
Single-payment loans, total
Commercial banks
Other financial institutions- -
do
do
do
4,507
3 884
623
4, 955
4 224
731
4,611
3 925
686
4,589
3 970
619
4,717
4 Q28
689
4,743
4 090
653
4, 708
4 103
'605
4,769
4 100
669
4,832
4 129
703
4,778
4 125
653
4 880
4 158
722
4 955
4 224
731
4 906
4 203
703
4 931
4 220
711
5 056
4 279
777
Charge accounts, total
Department stores . . .
Other retail outlets
Credit cards
do
do
do
do
5,329
941
3,952
436
5, 438
948
4,027
463
4, 096
637
3,034
425
4,203
631
3, 149
423
4 380
634
3,329
417
4 474
624
3,411
439
4 3<>7
574
3, 360
463
4 409
589
3, 327
493
4 423
'623
3,312
488
4 517
656
3,382
479
4 684
717
3, 498
469
5 438
948
4,027
463
4 892
804
3, 614
474
4 294
635
3,188
471
4 191
594
3,139
458
Non installment credit, total
Service credit
.do
3,333
3, 583
3, 469
3, 541
3,515
Revised.
* Preliminary.
1 Average for Dec.
2 Effective Sept. 1961, data for
several categories have been revised to reflect reclassification of 3loans; this change reduced
commercial and industrial loans in Sept. by a net of $135 mil.
Quarterly average.
4 Monthly average.
t Revised to reflect new coverage and revised classification of
deposits (for details, see the June and July 1961 issues of Federal Reserve Bulletin^.
dTor demand deposits, the term "adjusted" denotes demand deposits other than do
mestic commercial interbank and U.S. Government, less cash items in process of collection;
r
— ::
3, 491
3,471
3,497
3,426
3, 468
3,463
3, 583
3, 634
3,735
3,729
for loans, exclusive of loans to domestic commercial banks and after deduction of valuation
reserves (individual loan items are shown gross; i.e., before deduction of valuation reserves).
9 Includes data not shown separately.
§For bond yields, see p. S-20.
^Data are as of end of consecutive 4-week periods ending in month indicated, except
June figure which is as of June 30 (end of fiscal year).
$ Revised to incorporate new benchmark data; revisions back to July 1955 appear in the Dec. 1961 Federal Reserve Bulletin.
SURVEY OF CURRENT BUSINESS
S-18
1960
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
Monthly
average
May 1962
1962
1961
Apr.
Mar.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FINANCE—Continued
CONSUMER CREDITt-Continued
Installment credit extended and repaid:
Unadjusted:
Extended total
Automobile paper
Other consumer goods paper
All other
Repaid total
Automobile paper
Other consumer goods paper
All other
Adjusted:
4,109
1, 451
1,206
1,453
3,813
1,348
1,131
1,334
Automobile paper
Other consumer goods paper
do
do
Repaid total
Automobile paper
Other consumer goods paper
All other
3, 999
1,315
1,207
1,477
3,951
1,355
1,186
1,410
do
do
do
do
3,907
1,323
1,111
1,473
4,104
1,418
1,242
1,444
3,721
,243
,073
,405
,764
, 290
,164
1,310
4,203
1,449
1.221
1,533
4,043
,394
,207
,442
4,347
1,515
1,236
1,596
4,042
1,387
1,199
1,456
3,905
1,365
1,113
1,427
3,885
1,362
1,145
1,378
4,234
1,395
1,229
1,610
4,053
1,396
1,198
1,459
3,789
1,168
1,200
1,421
3,839
1,327
1,159
1,353
4,244
1,452
1, 300
1,492
4,102
1,441
1,221
1,440
4,275
1,402
1,327
1, 546
4,037
1, 355
1,197
1,485
4,754
1,289
1, 750
1,715
4.010
1,289
1,194
1,527
3,756
1,320
1,039
1,397
4,073
1,402
1,205
1,466
3,566
1,284
972
1,310
3, 780
1,262
1,197
1,321
4,301
1,574
1,161
1.566
4,229
1,435
1,285
1,509
3,894
1,255
1,188
1,451
3,907
1,348
1,176
1,383
mil $
do
do
do
do
do
do _.
do
3,800
1,225
1,162
1,413
3,907
1,356
1,189
1,362
,907
,270
,173
,464
,895
,336
,166
,393
3,962
1,296
1,175
1,491
3, 962
1,354
1,188
1,420
3,909
1,300
1,184
1,425
3, 937
1,364
1,183
1,390
4,038
1,302
1,212
1,524
3,994
1, 362
1,197
1,435
3,942
1,271
1,199
1,472
3, 956
1,350
1, 190
1,416
4,209
1,405
1,254
1,550
4,028
1,372
1,210
1,446
4,317
1,511
1,249
1,557
4,017
1,359
1,188
1,470
4,315
1,471
1,316
1,528
4, 051
1,361
1,233
1,457
4,194
1,474
1, 185
1,535
3,979
1,380
1,147
1,452
4,302
1,496
1 281
1, 525
4.06H
1, 369
1, 253
1,444
4 363
1,526
1 257
1,580
4,094
1,393
1,226
1,475
6,295
10, 256
8, 260
8,292
1,996 -1,997
9,731
9,462
269
8,554
9,218
-663
8,868
5,968
8,576
8,726
292 -2, 758
9,567
8,967
600
10, 685
8, 263
2 422
FEDERAL GOVERNMENT FINANCE
Net cash transactions with the public :cT*
Receipts 5
from
_ mil. $
Payment to
do
Excess of receipts, or payments (— )
do
Seasonally adjusted quarterly totals:
Receipts
do
Payments
do
Excess of receipts or payments ( — )
do
Budget receipts and expenditures:
Receipts, total
__
do
Receipts netf
do
Customs
__
do
Individual income taxes
do
Corporation income taxes
do
Employment taxes
do
Other internal revenue and receipts
do
Expenditures total^f
do
Interest on public debt
do .
Veterans' services and benefits
do
Major national security
do
All other expenditures _
_
do
Public debt and guaranteed obligations:
Gross debt (direct), end of mo., total
bil. $__
Interest bearing, total
do
Public issues
do
Held by U.S. Govt. investment accts do_
Special issues
do
Noninterest bearing .
_
do _
Guaranteed obligations not owned by U.S. Treasuary, end of month
__ ._
_
bil $__
U.S. savings bonds:
Amount outstanding, end of month
do _
Sales, series E and H
do
Redemptions
do
8,191
7,891
299
8,161
8,728
-567
22, 500
24, 900
—2, 300
8, 333
6, 626
91
3,838
8, 333
6,513
88
3,933
1, 766
1,039
1,508
7,039
739
445
4,013
1,895
9, 357
12, 465
3,793
9,684
7,902 10, 552
2,781 -4.109 -1, 195
3,872
10. 236
9, 385
8, 266
1,970 -5, 512
25, 600
26, 800
-1,200
25, 200
26, 100
—900
25, 000
26, 900
— 1 900
11,878
8,524
88
3,171
5, 799
1,348
1,472
7,012
726
480
4,279
1,528
7,359
5,125
73
4,319
493
736
1,738
6, 450
722
443
3,754
1,532
9,767
6,467
85
5,699
411
2,020
1,551
7,169
717
441
4,144
1,874
12, 728
10, 831
84
4,397
5,246
1,173
1,829
7,961
758
446
4, 579
2,423
3,779
2,982
91
1,480
520
306
1,382
6,322
765
422
3, 453
1,742
8,713
6, 367
98
4,814
382
1,821
1,597
7,631
730
471
4,046
2,434
10, 285
8, 945
90
4,679
3,251
884
1,380
6,771
727
418
3, 852
1,777
3,811
3,141
105
1, 614
408
241
1,443
7, 796
713
438
4,067
2,587
8,007
6,424
106
4,891
377
1,266
1,368
7,485
740
437
4, 253
2,055
i 296. 17 287. 47
i 292. 69 284. 06
i 249. 17 240. 06
10. 64 i 10. 89
10.79
i 44. 35 i 43. 52
44.00
13.48
13.40
3.41
287. 99
284. 63
241. 62
10.86
43.01
3.36
290. 15
286. 84
242. 34
10.93
44.50
3.30
288. 97
285. 67
240. 63
10.96
45.04
3.30
292. 40
289. 00
244. 80
10.93
44.20
3.41
293. 71
290. 66
245. 09
10.81
45.57
3.06
293. 75
290. 77
245. 77
10.81
45.01
2.98
295. 66
292. 71
248. 82
11.01
43.89
2.95
297. 01
293. 60
249. 39
11.08
44.22
3.41
1,891
1, 008
1,506
6,464
773
429
3,808
1,510
1
290. 22
1
286. 82
1
242. 47
1
5,959
5,357
100
3,570
466
353
1,470
7,395
803
471
4,316
1,890
9,773
6,729
85
5,910
400
2,080
1,298
6,858
755
449
r 4, 094
r
1, 575
12, 354
9.104
104
3,728
5,879
1, 188
1, 456
7,749
733
P556
T> 4, 634
P 1, 828
296. 1 7 296. 51
292. 69 293. 11
249. 17 250. 81
10.89
11.32
43.52
42.30
3.48
3.40
296. 98
293. 55
250. 80
11.27
42.75
3.43
296. 09
292. 48
249. 68
296. 95
293. 36
251.24
42.81
3.60
42.12
3.59
8,980
7,967
88
3, 363
3,322
505
1,701
7, 160
781
471
4,258
1,836
1.33
.21
.22
.23
.24
.24
.25
.27
.30
.31
.33
.35
.37
.40
.41
47. 53 i 47. 79
.38
.36
.47
.56
47.67
.43
.49
47.68
.35
.43
47.71
.37
.44
47. 75
.37
.46
47.81
.34
.42
47.87
.39
.44
47.89
.34
.42
47.95
.37
.41
48.03
.36
.38
47.79
.34
.71
47.78
.48
.62
47.81
.36
.44
47.81
.37
.48
47.81
.35
.46
122. 86
123. 38
123. 90
124. 41
125. 06
125. 71
126. 59
127. 31
127. 73
59.86
6.40
3.78
16.03
3.69
25.97
60.22
6.44
3.79
16.05
3.68
26.19
60.44
6.44
3.82
16.12
3.68
26.30
60.59
6.39
3.85
16.14
3.67
26.45
60.86
6.40
3.87
16.15
3.67
26.67
61.02
6.36
3.90
16.17
3.66
26.81
61.05
6.10
3.92
16.21
3.66
26.95
61. 66
6.31
3.96
16.23
3.65
27.23
61. 85
6.34
3 96
16. 25
3.64
27.35
4.34
2.04
2.24
42.90
39. 83
3.86
5.55
1.27
5.07
4.38
2.05
2.26
43.05
39.96
3.87
5.54
1.30
5.02
4.42
2.06
2.28
43.22
40. 10
3.90
5.58
1.29
5.06
4.47
2.07
2.33
43.38
40.25
3.92
5.62
1.30
5.14
4.52
2.08
2.38
43.58
40.44
3.94
5.65
1.33
5.18
4.58
2.09
2.42
43.82
40.66
3.95
5.68
1.37
5.28
4.78
2.10
2.60
44.24
41.07
3.97
5.72
1.39
5.44
4.82
2.11
2.64
44.38
41.21
3.97
5.77
1.28
5.43
4 86
2. 12
2.67
44.49
41 30
3 99
5.79
1 28
5.46
6,255
1,141
628
4,486
6, 125
1,312
589
4,224
6,347
1,405
585
4,357
5,866
1,158
578
4,130
6,848
1,543
614
4,691
6,671
1,187
595
4,889
7,440
1,930
529
4,981
5,991
1,670
494
3,827
5,846
1 130
571
4,145
739.2
307.5
59.2
11.7
63.8
149. 7
147.3
653.6
261.9
52.9
9.9
65.7
144.5
118.7
728.5
313. 7
56.4
11.4
63 1
151.5
132. 4
673.4
287.2
52.8
10.4
59.9
132.0
131.1
723.1
286.7
62.3
11.6
65.7
151.7
145.1
711.3
292.7
60.8
10.9
62.7
140.7
143.5
967.5
320.7
70.0
11.3
56.4
163.7
345.4
U6
1
23, 900
27 600
3 700
LIFE INSURANCE
Institute of Life Insurance:
Assets, total, all U.S. life insurance companies
121.47 121.92 122. 46
bil $ 1 119. 58
Bonds (book value), domestic and foreign,
59.54
i 58. 56
59.36
59.74
total
bil $
16.43
6.54
6.55
6.49
U S Government
do
3.74
13.59
3.77
3.77
State county municipal (U S )
do
115.95
15.96
15.98
15. 99
Public utility ( U S )
do
13.64
3.72
3.71
3.70
Railroad ( U S )
do
i 25. 45
25.56
25. 67
25.76
Industrial and miscellaneous ( U S )
do_
Stocks (book value), domestic and foreign, total
4.24
14.98
4.25
4.34
bil $
1.94
11.79
2.02
1.96
Preferred (U.S.)
do
13.12
2.23
2.23
2.25
Common ( U S )
do
42. 35
141.77
42.55
42.72
Mortgage loans, total
do
39.35
39.52
i 38. 79
39.67
Nonfarm
do
13.76
3.82
3.83
3.84
Real estate
do
15.23
5.41
5.51
5.46
Policy loans and premium notes ..
_ do
11.33
1.23
1.22
1.30
Cash
do
13.94
5.02
5.06
5.07
Other assets
__
do
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance) :
6,508
9,012
6,595
6,297
Value, estimated total
_ _ mil. $__ 6,201
1,486
1,279
1,154
3, 656
1,250
Group and wholesale
do
589
573
634
592
677
Industrial
do
4,433
4,722
4,455
4,764
Ordinary
do ___ 4,349
Institute of Life Insurance:
Payments to policyholders and beneficiaries in
734.2
676.5
796.7
681.7
741.6
U S , total
_
mil $
298.4
278.8
325. 2
272.6
316.8
Death benefits . ___
do
59.6
64.1
56.4
56.1
60.6
Matured endowments
do
10.3
11.1
11.5
10.8
11.1
Disability payments
do
64.2
60.2
65.6
61.0
62.9
Annuity payments
do
149.4
154. 0
161.4
136.1
165.6
Surrender values
.
do
151.6
164.7
126.9
128.8
135.0
Policy dividends
do___
r
Revised.
* Preliminary.
i End of year; assets of life insurance companies are
annual statement values.
t See similar footnote on p. S-17.
d"Other than borrowing.
*New series (compiled by U.S. Treasury Dept. and Bu. of
the Budget.
actions.
6, 742
1 379
614
4, 749
808.9
704 3
349.1
295.6
74.7
56 8
12.5
10.9
91 0
66 3
152.7
140 4
128.9
134.3
net receipts and total expenditures reflect exclusion of certain interfund trans-
SURVEY OF CURRENT BUSINESS
May 1962
1960 | 1961
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
Monthly
average
S-19
1962
1961
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
16, 608
—142
16, 495
1.015
1.015
33.0
278. 1
'1.3
280.6
269. 4
'113.0
' 127. 5
'28.9
274.2
116.8
128.4
28.9
FINANCE—Continued
LIFE INSURANCE— Continued
Life Insurance Association of America:
Premium income (39 cos.), qtrly. total
Accident and health
__ _
Annuities
Group
Industrial _
Ordinary
_
_
mil $
do
do
do
do
do
12,912
1557
1271
1342
1201
i 1, 541
i 3, 046
1605
1278
i 363
i 197
i 1, 604
2,942
2,934
570
271
351
169
2,884
1,580
3,423
1,555
595
247
349
160
1,696
655
363
412
298
600
230
339
160
1,585
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U.S. (end ofyr.ormo.)_mil. $._ 2 17, 767 216,889 17, 388
-5
161
— 165
Net release from earmark |
do
137 64, 583 140,284
Exports
thous. $
4,684
3,091
27, 919
Imports
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 fine oz
Mexico
do
United States
do
Money supply (end of yr., mo., or last Wed.):
Currency in circulation
__
bil. $
Deposits and currency, total
do
Foreign banks deposits, net
do
U.S. Government balances
do
Deposits (adi.) and currency, total^
do
Demand deposits, adjusted!
do
Time deposits, adjusted^
do
Currency outside banks
do
Turnover of demand deposits except interbank and
U.S. Govt., annual rates, seas, adjusted:
Total (344 centers)* ratio of debits to deposits
New York City
do
6 other centersd71
- do
337 other reporting centers
do
3
91,
3
17, 390 17, 403
92
152
89, 673 133, 075
1,659
1,704
17, 550
254
98, 118
1,857
17, 527
-3
2,399
17, 451
—23
42, 118
9,246
17, 376
4
63, 065
4,949
17,300
—43
70, 051
4,009
16, 975
—272
14, 068
11,540
16, 889
65
52, 755
10, 769
16,815
—64
28, 224
2,061
16, 790
—37
30, 897
19, 701
193
600
66, 600
13, 400
* 4, 900
12, 900
3,600
3 70, 100
13,700
3,700
13, 100
3,200
13, 400
3,300
12, 800
3, 800
12, 600
3,800
12, 500
3,800
12, 100
4,500
12 700
3,900
13, 000
4,100
12, 900
3,400
12, 600
3,500
11,400
3,200
2,149
4,786
.914
3,154
3,786
.924
4,670
4.502
.914
4, 503
4,580
.914
1,841
3, 363
.914
749
3, 648
.914
2,832
3,552
.914
992
3,585
.914
3, 397
2.625
.914
2, 511
3 316
.914
6,600
3,441
.923
1,896
5,152
1.033
1,842
3, 156
1.043
1, 53S
9.249
1.025
2,835
3,711
3,345
2, 562
3, 600
3,524
2,855
3,590
3,285
2,398
3,250
3,974
2,445
4,020
3,580
2,877
3, 540
3,834
2,394
3,160
2,840
2,224
3,650
2,891
2 373
4 390
3, 737
3 054
3 420
3,523
2 643
3 590
3,816
2, 501
2, 850
4,297
3,023
232.9 233.9
2
263. 2 2 278. 7
2 1.5
23.2
27.4
27.1
31.9
258. 9
31.8
260.6
32.2
261.7
32.4
265.6
32.5
267.2
32.6
266.4
32.7
271.1
1 4
32 8
272.4
33.5
273. 0
33.9
278.7
32.8
275.8
2
252. 9 2 269. 9
2
119.9
2 115. 1
2
108. 5 2 120. 7
2
229.3
29.4
250. 2
110.3
111.9
28.0
35.5
60.0
34.8
25.7
38.2
70.0
36.8
26.1
37.7
67.9
36.1
26.1
i 3, 800
1306
r
3.3
5.3
1.1
5.9
1.2
7.4
254.2
113.6
112.7
27.9
254.7
110.6
115. 7
28.4
256. 9
110.3
117.3
29.4
259.1
113.0
117.7
28.4
37.9
69.2
36.3
25.7
38.9
71.8
37.1
26.4
38.5
70.5
37.1
26.3
38.8
71.6
37.3
26.5
3.2
3.2
1.3
6.7
1.3
6.5
1.2
6.6
1.5
7.4
1.3
6.1
32.9
275.9
r
1.3
6.3
9.3
1.3
6.8
258. 5
111. 5
118.6
28 5
260. 4
112.4
119.4
28 6
264.4
115.7
120.1
28.7
265. 1
116.2
119.8
29 1
269. 9
119.9
120.7
29.3
268.5
116.6
123.3
28.6
268.3
114.4
125.1
28.8
38.6
71.1
37.2
26.4
38.6
72 3
37.4
26 5
40.1
75.6
38.3
27.0
39.9
75 3
38.5
26 8
39.8
73.4
38.7
26.8
39.7
70.9
40.6
27.8
38.5
68.1
38.4
27.1
7.4
r
1.3
5.1
Ml. 7
78.2
MO. 9
P27.6
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade and SEC):
Net profit after taves, all industries
mil $
Food and kindred products
do
Textile mill products
do
Lumber and wood products (except furniture)
mil $
Paper and allied products
do
Chemicals and allied products
do
Petroleum refining
do
Stone, clav, and glass products
do
Primary nonferrous metal
do
Primarv iron and steel
do
Fabricated metal products (except ordnance,
machinery and transport equip )
mil $
Machinery (except electrical)
do
Elec machinery equip and supplies
do
Transportation equipment (except motor
vehicles etc )
mil $
M^otor vehicles and parts
do
All other manufacturing industries
do
i 3, 828
1331
2,900
182
170
262
36
i 26
147
503
719
143
123
236
128
146
511
772
136
122
201
-4
121
421
783
44
104
103
101
246
256
111
265
256
i 56
1
3,965
3 837
4,609
377
84
346
100
43
151
566
712
165
137
229
48
137
520
725
183
106
208
27
174
538
870
151
141
263
47
191
206
138
309
234
144
268
234
116
293
350
340
60
419
435
372
430
74
61
254
269
79
429
376
77
206
517
81
599
560
2, 070
i 2, 138
2,008
2 005
2 010
2,528
1449
1474
523
447
447
477
.mil $
2,295
2,958
2,161
3,393
4,432
3,494
1,901
2,064
1,913
4,410
2,404
2 094
3, 589
2,482
do
do
_ do
do
2,122
2,648
2,007
2,223
1,061
1,111
4,112
1,021
1,642
1 695
4 100
2 179
1 784
3 449
2 347
60
244
40
817
239
20
1,887
228
92
3,210
1,495
1,342
1,779
1,075
813
288
15
220
16
13
133
678
268
15
113
1 155
987
233
4
367
24
81
183
1 094
o
308
37
318
19
26
291
330
42
211
5
42
315
720
267
15
115
12
75
138
889
158
13
153
17
363
128
1,250
1, 235
3,255
2,564
1,417
1,000
2,868
1 589
1,593
881
1,063
Dividends paid (cash), all industries
do
Electric utilities, profits after taxes (Federal Reserve)
_
mil. $
Transportation and communications (see pp. S-23
and S-24).
1
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, totalQ
Manufacturing
Extractive (mining)
Public utility
Railroad
Communication
Financial and real estate
Noncorporate, totalO
U.S. Government—
State and municipal
do
do
do-_do
do
do
do.__
do
do
do
673
139
34
785
273
37
542
125
29
846
179
20
238
18
87
210
1,096
696
286
17
85
23
90
97
2,231
343
22
253
15
152
190
1,449
1,862
1,021
1,465
1,161
659
602
695
2
434
756
602
10
278
10
1,045
191
348
710
481
34
461
14
98
118
585
11
408
13
270
243
3,091
2,244
1,715
625
' Revised.
*> Preliminary.
* Quarterly average.
End of year.
3 Excludes Republic of the Congo.
< Includes revisions not distributed by months.
§0r increase in earmarked gold (—).
9 Includes data for the following countries not shown separately: Mexico; Brazil; Colombia; Nicaragua; Australia; and India.
369
1,035
452
33
276
9
16
218
826
342
463
637
131
45
392
603
460
201
17
77
110
338
699
845
298
12
643
762
184
41
357
789
784
284
26
341
654
580
138
2
753
126
9
361
erm "adjusted" denotes exclusion of interbank and U.S. Government deposits;
for demand deposits, also exclusion of cash items reported as in process of collection.
*Data prior to 1961 for 344 centers will be shown later.
cflncludes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
O Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
S-20
1961
1961
1960
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
Monthly
average
May
Apr.
Alar.
May
June
July
1962
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FINANCE—Continued
1
SECURITIES ISSUED -Continued
Securities and Exchange Commission— Continued
New corporate security issues:
Estimated net proceeds total
mil $
Proposed uses of proceeds:
New money total
do
Plant and eQuipmerit
do
Working capital
do ..
Retirement of securities
do
Other purposes
_do__ _
State and municipal issues (Bond Buyer) :
Long-term
_ _
_ _
__ __do
Short-term
do
827
1,073
679
2,203
1,314
1,744
1,049
793
658
1,129
961
1 071
704
872
730
472
258
23
75
902
628
274
75
96
484
289
195
118
77
2, 055
1,780
1,090
275
85
63
834
256
55
169
1,127
759
368
426
191
846
560
286
22
182
662
434
228
31
100
612
402
210
11
36
952
641
311
40
138
908
671
237
13
40
930
506
424
71
70
556
331
225
44
104
800
624
176
9
63
602
334
697
376
756
397
710
201
625
382
1,035
463
297
603
665
699
351
643
244
789
532
669
336
866
186
1, 123
1390
!430
!3,317 i 4, 294
1
1, 135 1 1,219
i
i 2, 275
3, 003
433
453
422
3, 656
1, 507
1,997
3,986
1,508
2, 351
4,100
1, 453
2, 587
4,076
1,280
2,815
4,041
1,207
2,798
4,021
1,208
2,734
4, 037
1,227
2,730
4,072
1 214
2,710
4 180
1 213
2 803
4,294
1 219
3 003
4, 145
1 225
2 911
4, 100
1 190
2,882
4, 117
1, 154
2,963
279
640
'621
r
351
840
349
SECURITY MARKETS
Brokers' Balances (N.Y.S.E. Members Carrying
Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)
Customers' free credit balances (net)
Money borrowed
mil $
-do
do
do
Bonds
Prices:
Average price of all listed bonds (N.Y.S.E.),
total §
dollars
Domestic
do
Foreign
- do
Standard & Poor's Corporation:
Industrial, utility, and railroad (Al-f issues):
Composite (21 bonds) cf___dol. per $100 bond-Domestic municipal (15 bonds)
- - -do __
U.S. Treasury bonds, taxable 1
do
Sales:
Total, exc.l. U.S. Government bonds (SEC):
All registered exchanges:
Market value
-mil. $
Face value
_do. __
New York Stock Exchange:
Market value do__ _
Face value
-- - do
New York Stock Exchange, exclusive of stopped
sales face value total §
mil. $
Domestic
- --__do_ Foreign
do
Value, issues listed on N.Y.S.E., end of month:
Market value, total, all issues^
_ _ _ _ _ . . b i l . $_
Domestic
do
Foreign
do
Face value, total, all issues §
Domestic
Foreign
Yields:
Domestic corporate (Moody 's)
By ratings:
Aaa
Aa
A
Baa
By groups:
Industrial
Public utility
_
Railroad
Domestic municipal:
Bond Buyer (20 bonds)
Standard & Poor's Corp (15 bonds)
U S Treasury bonds taxable O
-do
do
do _ _
427
443
436
420
429
422
430
436
421
426
91.42
91.56
81.81
92. 98
93.12
83.22
93.71
93.85
83.39
93.84
93.98
83.38
93.72
93.87
83.26
92.73
92.87
82.65
92.77
92.92
82.27
92.47
92.61
82.58
92.97
93 12
82.57
93 19
93 32
83 31
92 67
92 76
85 36
92.26
92 38
83 31
92 24
92 35
84 26
92 90
92 99
85 12
93 89
93 99
85 80
94.6
103.9
86.22
95.2
107.8
87. 55
97.0
108.9
89.07
96.3
108.0
88.80
96.0
109.0
89.74
95.0
106.8
87.83
94.5
106.7
87.57
93.9
106. 5
86.27
93.9
106.6
86.09
94.6
107 7
86.61
94.9
108 1
86.52
94.5
107 3
85.61
94.5
109 9
85.34
94.5
110 5
85.17
94.8
111.9
86.21
133. 92
134. 52
168 56
162. 82
247. 68
222. 73
184.05
163. 40
172. 93
167. 31
151.26
143.98
144.00
146. 49
176.24
162. 53
137 47
133. 89
153 52
151 77
162 65
164 03
160 43
167 36
150 81
157 72
136 69
132 43
131.65
132. 28
163. 70
159 05
237. 56
217. 27
176.00
159. 35
167. 66
163. 10
148.00
140. 97
141.64
143. 95
172.12
158. 75
134. 97
131 33
150 43
148 44
158 28
160 65
154 50
161 12
146 10
152 91
131 74
127 77
112.20
105. 88
6.33
136. 34
130. 51
5 83
178.01
170. 78
7.22
138.04
132. 00
6.04
140. 82
134. 51
6.31
118.28
112. 74
5.54
131. 56
125. 80
5.76
133.11
127. 84
5.27
111 74
106 51
5 24
125 57
120 68
4 88
140 84
135 71
5 13
135 73
129 09
6 64
133 06
126 35
6 71
101 35
95 43
5 92
113 54
104 74
8 80
108. 48
105. 67
1.61
108. 34
105 50
1 58
109. 94
107. 07
1.61
110.32
107. 47
1.60
110.43
107. 60
1.57
109. 30
106. 50
1.56
109. 63
106. 84
1.55
108. 46
105. 67
1.55
108. 00
105 20
1 55
109 03
106 22
1 56
104 75
101 86
1 63
104. 63
101 78
1 61
105 52 106 25
102 66 103 38
1 62
1 61
107 40
104 42
1 63
] 18. 69
115.44
1.97
116. 51
113 30
1.90
117.31
114.09
1.93
117.57
114.35
1.92
117.82
114. 63
1.89
117.87
114.68
1.89
118. 17
114. 98
1.88
117. 29
114.10
1.88
116 16
112 98
1 88
117 00
113 82
1 88
113 03
109 81
1 91
113 42
110 18
1 93
114 39
111 16
1 92
114 37
111 17
1 90
114 39
111 10
1 90
4.70
4.71
4.70
4.70
4.67
4.63
4
4
4
5
4
4
4
5
4
4
4
5
4
4
4
5
4
4
4
5
4
4
4
5
95.4
113 7
87.69
percent _ .
4.73
4.66
4.54
4.56
4.58
4.63
4.70
4.73
4.74
4.73
do .__
do
do
do
4.41
4.56
4.77
5. 19
4.35
4 48
4.70
5 08
4.22
4.33
4.57
5.02
4.25
4.37
4.59
5.01
4.27
4.41
4.63
5.01
4.33
4.45
4.69
5.03
4.41
4.53
4.75
5.09
4.45
4.57
4.80
5.11
4
4
4
5
4
4
4
5
do
do
do _
4.59
4.69
4.92
4 54
4. 57
4 82
4.40
4.43
4.78
4.45
4.46
4.75
4.48
4.49
4.77
4.54
4.52
4.83
4.59
4.60
4.89
4.61
4.67
4.92
4 61
4 67
4 94
4 60
4 66
4 Q2
4 58
4 63
4 89
4 59
4 62
4 91
4 57
4 61
4 92
4 57
4 62
4 90
4 52
4.60
4 88
4 4^
4 56
4 86
do
do
do
3.51
3.73
4.01
3 46
3 46
3 90
3.51
3.38
3.78
3.48
3.44
3.80
3.48
3.38
3.73
3.54
3.53
3.88
3.49
3.53
3.90
3.54
3.55
4.00
3 49
3 54
4 02
3 36
3 46
3 98
3 48
3 44
3 98
3 42
3 49
4 06
3 22
3 32
4 08
3 20
3 28
4 09
3 12
3 19
4 01
3 00
3 08
3 89
Cash dividend payments publicly reported:
Total dividend payments
mil. $__ 2 13, 575 214, 154 1,957.2
45
59
81
12
42
56
79
13
39
54
75
11
42
56
74
10
42
55
74
08
42
56
74
07
39
53
71
04
33
49
66
02
Stocks
Finance
Manufacturing
Mining
Public utilities:
Communications
Electric and gas
Railroads
Trade
do
do
do
_
2. 048
7, 047
2549
2
914. 1
367. 9 1, 986. 3
935. 7
372.9 2, 008. 8
987.4
401.4 2, 750. 5 1, 065. 4
544.4 <• 2,074.4
987.8
162. 7
22, UK)
2
7, 346 1,262.8
106. 4
2544
179. 3
312. 4
11.7
84.1
157.7
133. 7 1, 280. 9
4.3
109.0
188.0
313.8
9.8
85.3
189.3
133. 5 1,277.0
2.9
107.7
182 4
350.0
16.9
400 5
114 1
135. 0 1,712.2
157 3
3 5
284 3
295.2
11 1
183 8
235 3
134.5 1, 331. 4
109 0
30
188 9
340.9
11 1
2
2
112.8
225. 1
118.4
16.9
55. 2
114.8
7.7
95. 8
190. 2
63.4
59.0
30. 3
7.5
96 9
191.2
57 9
59.8
29 0
235. 4
118.4
19.1
56. 8
8.4
2 4
114.6
1 5
22.8
7 5
109 9
197.6
75 9
62. 1
35 0
235 4
119.7
30 9
77.3
11 5
2 2
115 5
4 2
42 9
6 8
113 2
197.3
56 7
53.3
29 7
235 3
123.3
20 5
57.9
9 9
2.1
94. 3
188.3
56. 8
53.6
32.3
208. 7
119.3
20. 4
52.8
5. 59
6.03
2.68
3. 53
3.97
4. 75
5.70
6. 07
2.81
3.37
4. 21
5.18
5. 65
6.01
2.77
3.35
4.20
5. 19
5. 66
6.02
2.79
3.35
4.20
5. 19
5. 66
6. 03
2. 79
3.35
4.20
5.19
5. 66
6.01
2. 80
3. 35
4.20
5. 19
5.67
6. 02
2.81
3.35
4.20
5.19
5.68
6.02
2.83
3.37
4.20
5.19
5. 68
6 02
2.83
3.37
4.21
5.19
5.69
6.04
2.84
3.38
4.21
5.19
5.88
6.33
2.85
3.36
4. 25
5.19
5.89
6.33
2.86
3.36
4.25
5.19
5.92
6.37
2.86
3.36
4.30
5.19
5.95
6 41
2.86
3.35
4 30
5. 19
5.96
6 41
2.91
3.35
4.30
5.29
5.96
6.42
2.91
3.35
4 30
5.29
do _- i 155.46
173 18
do
69. 82
do
62. 46
do
185. 66
199. 90
90. 55
68. 26
179.36
193.51
85. 20
69. 24
179. 65
193. 42
85. 54
67. 00
183.20
1 97. 56
88. 57
68.45
179.24
193.90
85. 87
66.10
185.95
200. 64
88.06
65. 90
189. 30
204. 00
92.73
69.15
187. 49
201.55
94. 50
68.78
193. 10
207. 23
99.77
71.01
200. 36
213.75
103. 91
70.01
202. 73
16.69
99.32
69.10
195.17
209 40
95. 14
70.43
198. 76
212 12
97.76
69.98
198. 91
213 78
98.87
68.60
186. 28
198 72
96. 45
64.78
Dividend rates and prices, common stocks
(Moody's) :
Dividends per share, annual rate (200 stocks)
dollars...
Industrial (125 stocks)
do
Public utility (24 stocks)
do
Railroad (25 stocks),
do
Bank (15 stocks)
do
Insurance (10 stocks)
do
1,181
2 1, 588
2
370
2
581
2
212
9.5
.9
22.3
r
Revised.
i End of year.
2 Annual total.
-; Corrected.
§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.
1.8
1, 283
1, 692
2
356
2
578
2
195
do
do __
do
_- - do
Price per share end of mo. (200 stocks) 9
Industrial (125 stocks)
Public utility (24 stocks)
Railroad (25 stocks)
2
2
8.5
4.1
23.0
c^Xumber of bonds represent number currently used; the change in the number does not
alTect the continuity of series.
^Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.
O For bonds due or callable in 10 years or more.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
May 1962
1960
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1861
edition of BUSINESS STATISTICS
1962
1961
1961
Monthly
average
S-21
Mar.
Apr.
May
June
July
Aug.
Sept,
Nov.
Oct.
Dec.
Jan.
Feb.
Mar.
Apr.
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks— Continued
Dividend yields and earnings, common stocks
(Moody 's):
Yield (200 stocks)
percent-Industrial C1^5 stocks)
do
Public utility (24 stocks)
do _ _ .
Railroad (25 stocks)
do
Bank (15 stocks)
do
Insurance (10 stocks)
do____
3.07
3.04
3.10
4.94
3 18
2.31
3. 1 5
3.11
3.25
4.84
3.51
2.50
Earnings per share (indust., qtrly. at ann. rate;
pub. util. and RR., for 12 mo. ending each qtr.):
i 9 62 '19.61
Industrial (125 stocks)
dollars
2
2
4 12
4 33
Public utility (94 stocks)
do
2
2
9
3 94
4 80
Railroad ( 5 stocks)
do
3.15
3.11
3.26
5.00
3. 54
2. 51
8.10
4 17
" r 3. 74
3.60
3.48
3.84
5. 65
3 91
2.92
Dividend yields, preferred stocks, 14 high-grade
(Standard & Poor's Corp )
percent. _
4.75
Prices:
204. 57
Dow-Jones averages (65 stocks)
618.04
Industrial (30 stocks)
91.39
Public utility (15 stocks)-. _ _ __
138. 93
Railroad (20 stocks)
Standard & Poor's Corporation:^
Industrial, public utilitv, and railroad:
Combined index (500 stocks)
1941-43=10.. 55. 85
Industrial, total (425 stocks) 9
Capital goods (193 stocks)
Consumers' goods (193 stocks)
Public utility (50 stocks)
Railroad (25 stocks)
_
_ _
Banks:
New York City (10 stocks)
Outside New York City (16 stocks)
Fire insurance (16 stocks)
_
do
do
do
do
do
do
do
do
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
mil $
Shares sold
millions
On New York Stock Exchange:
3.09
3.05
3.15
4.89
3.33
2.49
3.16
3.10
3.26
5.07
3 27
2.48
3.05
3.00
3.19
5. 08
3.19
2. 35
3.00
2.95
3 05
4.87
3. 03
2.19
9. 90
4 21
' 3.13
3.03
2.99
2.99
4.90
3 06
2.22
r
2.93
2.96
2.74
4.80
2.83
1.98
2.95
2.91
2.85
4.76
2 78
2.10
2.91
2 92
2.88
4.86
2.75
2.10
r
8.80
4 27
3 56
3.03
3.04
3.01
4.77
2 94
2.20
2.99
3.02
2.93
4.79
2 81
2.13
11.64
4 33
3 94
3.00
3.00
2.94
4.88
2 97
2.10
3.20
3 23
3.02
5.17
3 26
2.28
10 90
4 45
4 69
r
4.66
4.66
4.67
4.63
4.66
4.69
4.69
4.69
4.62
4.59
4. 64
4. 59
232. 44
691. 55
117. 16
143. 52
225. 64
670. 56
110.00
145. 47
228. 42
684. £0
112.02
142. 53
231.08
693. 03
112.84
144. 98
229. 53
691.44
112.61
141.35
228. 96
690. 66
114.15
137. 82
237. 89
718.64
119.32
141.65
237. 88
711.02
121.20
143. 23
241.67
703. 01
127.69
149. 67
248. 56
724. 74
133. 74
149. 06
246. 76
728. 44
131.90
143. 86
239. 95
705.16
124. 46
147. 38
4.52
243.
711.
127.
148.
4. 45
4.48
07
95
45
61
237.
690.
129.
142.
243. 36
714.21
129. 84
145. 24
42
28
25
29
66.27
64.12
65.83
66.50
65. 62
65. 44
67. 79
67. 26
68.00
71.08
71.74
69.07
70.22
70.29
68. 05
69. 99
67. 33
57.01
60.20
32.83
67.83
65.77
53. 27
57.06
32.93
69.64
66.12
54.33
59. 09
32. 35
70.34
67.41
55. 29
59. 59
33. 08
69.48
67.49
55. 61
58. 43
32.41
69.15
66. 24
56.21
59. 42
31.74
71.69
69.18
58. 73
61.19
32. 76
70.89
69 78
59. 82
62 19
33.02
71.42
69 32
61.26
64.15
34. 53
74.72
70.91
64.77
67. 19
34.30
75. 81
70. 58
65. 00
65. 77
33. 21
72.99
68 06
61.78
62.69
33.77
74.22
68 37
62. 35
63.70
34.23
74.22
68 06
62. 26
64. 51
33. 45
71.64
64 49
60. 66
63. 86
32, 31
26. 23
33.75
53. 10 r 70. 78
' 33. 93 45. 42
30.55
63.94
42. 95
30. 85
64.92
42.64
31.30
67.14
42.97
32.91
68.38
43.98
33. 55
69.98
44.81
35. 64
74.47
47.19
36. 09
77.27
47. 16
36. 73
79.26
49.40
39. 93
83. 87
51. 60
40. 10
83. 50
50. 97
38.02
76. 79
47.60
39.09
75.79
49.24
38. 10
73. 41
49.71
36. 11
70.94
48.42
7, 281
5,174
5. 338
165
5,203
157
4.219
4 467
4 366
3 545
59.43
r
59. 75
47.21
46.86
30. 31
r
r
3,768
116
5,317
242
6,533
229
6, 305
168
224
154
3,668
108
5. Ifil
149
4,215
123
4,624
136
5, 282
3 163
5, 930
5, 205
4,971
124
4,293
100
3, 051
71
4,338
104
3 543
80
4,392
108
3 898
4 420
90
103
106
64
85
118
102
97
73
61
82
64
73
88
82
81
66
68
Shares listed, N.Y. Stock Exchange, end of mo.:
Market value all listed shares
bil $__ 291.49
Number of shares listed
_
millions- . 6. 231
358. 93
6. 752
347. 58
6, 529
350. 47
6,571
358. 86
6,663
348. 86
6, 727
360. 38
6,761
368. 65
6,847
361. 14
6,871
371 . 99
6, 974
387. 35
7, 009
387. 84
7, 088
375. 20
7,202
383. 42
7, 269
381.36
7,302
Shares sold
millions
Exclusive of odd lot and stopped sales
(N Y Times)
millions
153
132
82
156
103
126
_
85
65
FOREIGN TRADE OF THE UNITED STATES
FOREIGN TRADE
Indexes
Exports of U.S. merchandise :J
p 314
318
Quantity
1936-38-100-.
696
Value
_
_
do
p 705
219
Unit value
do
v 225
Imports for consumption :J
221
p 219
Quantity
do
610
P 594
Value
._
do
276
Unit value
_ _ _ _
.
do
v 272
Agricultural products, quantity:
Exports, U.S. merchandise, total:*
194
Unadjusted
__
1952-54 = 100 _
v 193
Seasonally adjusted
do
202
Cotton fiber (incl. linters), seas, adj _ __do _ p 172
Imports for consumption, total:!
103
106
Unadjusted
do
Seasonallv adjusted
do
106
108
Supplementary imports, seas, adj
do
102
109
Complementary imports, seas, adj
do
Shipping Weight
Water-borne trade:
Exports, incl. reexports§
thous. Ig. tons._ 9, 408
14,810
Qeneral imports
do
Value*
Exports (mdse.), incl. reexports, total^
mil. $__ 1,713.2 1, 739. 5
Excl. MSP (military) shipments
do
1,634.1 1, 672. 0
Seasonally adjusted*
_ _ _ d o ...
By geographic regions:A
Africa
_
Asia
Australia and Oceania. _
Europe
_
Northern North America
Southern North America
South America
do
do
do _
do
__
r
2
__
_ do
do
do
350
780
223
308
693
225
314
710
226
305
689
226
296
663
224
302
677
224
295
662
225
339
766
226
325
738
027
P 326
p 741
P 227
227
614
271
191
520
273
219
593
271
216
586
271
227
614
271
227
618
272
214
583
272
244
660
271
239
652
272
p 228
p 621
* 272
225
208
226
185
191
181
184
188
127
155
177
82
157
204
231
179
221
391
p 158
p 174
v 149
*>218
v 199
J> 105
v 223
•p 188
K 124
P 213
P 173
p 121
120
105
111
101
98
85
77
90
103
109
91
125
112
115
95
132
108
121
113
127
113
123
127
121
102
112
106
116
109
125
124
126
101
117
145
99
114
103
126
93
8,640
13, 514
8,567
11,597
10, 419
14, 300
10, 555
14, 181
9.419
14, 466
10, 859
15, 184
9, 851
14, 188
10, 904
15 160
10,419
14, 373
1,932.8
1,887.7
1,711.1
1,706.9 1,749.0
1,648.4 1,676.5
1,658.3 1,577.0
1,699.4
1,644.3
1,594.9
1,636.7
1,558.1
1,668.0
1,669.4
1,597.9
1,659.7
1,631.0
1,556.5
1,667.8
1,889.8 1, 817. 7 1.826.9 1, 642. 2 1,752.5 1,816.8
1,816.8 1, 759. 4 1, 777. 3 1.591.8 1,690.3 1 755 1
1,772.9 1,716.3 1,719.2 1.660.0 1,828.2 1 , 606. 4
76 4
348 6
32.3
439 8
65 2
300 6
38.7
517 5
63 1
293 8
32. 5
490 5
63 8
303.9
39.6
543. 8
68 9
342.3
33.4
536. 7
80 0
388 4
38.0
622 6
63 8
358. 1
28.4
530 7
65 6
366. 3
30.0
519 1
54 1
336. 3
26.3
531 5
309. 2
139. 4
174.7
303. 6
121.4
185.8
314.7
130.3
212. 8
302.8
126 4
170. 6
325. 5
114 4
174.2
330. 3
114.1
173. 3
Revised.
p Preliminary.
* Quarterly average at annual rate.
For 12 months ending Dec.
C? Number of stocks represents number currently used; the change in number does not
affect continuity of the
9Includes data not shown separately.
series.
J Revisions for individual months of 1960 will be shown later.
http://fraser.stlouisfed.org/
a Revised 1960 data, lst-4th qtr. (dol.): 6.06; 5.39; 5.16; 4.80.
Federal Reserve Bank of St. Louis
78
324
34
603
0
4
1
2
82 5
332 6
32.6
573 8
77
389
30
561
0
6
2
0
78
348
31
502
9
9
0
8
80
331
33
574
8
7
1
1
317.9
287 7
272.7
350. 0
273 8
125 7
130 7
110 0
126 4
114 5
205. 7
185. 2
202.8
160.9
164.5
§Exdudes "special category" shipments and all commodities exported under foreign-aid
programs as Department of Defense controlled cargo.
tDatainclude shipments (military and economic aid) under the Mutual Security Program.
*New series. Revised data prior to 1961 may be obtained from Bu. of Census reports.
AExcludes "special category" shipments.
269. 5
118 6
202. 9
302, 2
121 9
176.4
299. 5
123 6
184. 5
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
1961
Monthly
average
May 1962
Mar.
Apr.
May
June
July
1962
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FOREIGN TRADE OF THE UNITED STATES— Continued
FOREIGN TRADE— Continued
Valuet— Continued
Exports (mdse.), incl. reexports — Continued
By leading countries:
13.5
19.0
16.1
28.5
12.0
20.1
13.8
19.9
8.5
13.9
13.4
21.9
11.7
17.4
8.4
15.9
18.6
16.1
18.2
16.2
18.0
17.5
25.0
15.2
24.1
19.2
26.6
3.9
40.2
16.3
144.9
11.2
27.7
29.6
4.0
48.4
21.5
163.6
12.2
27.8
21.4
4.0
42 9
17.8
148.3
12.1
24.6
23.1
4.0
38.7
18.6
159. 6
10.2
31.2
19.5
3.8
36.5
12.3
154.3
6.7
34.3
24. 4
3. 6
55.2
11.1
144.1
8.6
29.1
32.8
4.3
29.2
11.2
139.5
10.1
23.6
27.4
3.8
24.6
13.4
132.5
12.2
23.7
28.6
3.5
38.2
14.3
133.3
13.5
29.3
27.3
4.7
29.9
18.9
135.2
6.9
36.3
25.3
4.7
46.7
32.6
155. 3
11.2
23.2
28.2
4.2
44.9
20.7
134.3
11.7
20.3
27.4
3.8
29.8
12.2
134.2
9.6
21.0
47.1
2
89^6
66.2
3.6
94.2
61.0
.0
102.0
81.4
4.6
115.2
52.6
.1
85.2
67.5
6.8
79.3
45.3
0)
89.5
72.7
2.8
74.8
47.0
0)
86.3
66.3
9.9
73.8
35.0
.1
72.3
53.8
6 5
70.1
43.3
.2
88.6
63.0
3.8
84.9
44.9
C1)
82.2
55.9
.2
109.1
43.8
.2
108.1
62.8
.5
129.2
45.8
.5
95.0
66.0
.5
103.9
47.2
.1
94.1
63.7
.4
100.9
47.4
0)
74.5
59.9
.2
78.8
56.0
.0
93.5
71.2
2.7
100.3
303.6
314.7
302.8
325. 4
330.3
269. 5
302.2
299.5
349.9
317.9
287.6
272.7
273.8
289,8
281.7
Latin American Republics total 9- -- do
29.2
35.3
Argentina
-do
35.9
40.5
Brazil
_ .
do
16.2
18.9
Chile
do
20.5
20.4
Colombia
-- -- -- do
18.6
Cuba
do
1.1
68.3
Mexico
do
66.4
45.9
42.5
Venezuela
do
1,696.5 1,719.0
Exports of U S merchandise totalt
do
By economic classes:
212.2
215. 7
Crude materials
-__do
158.1
137. 1
Crude foodstuffs
do
96.4
93.1
Manufactured foodstuffs and beverages.- .do
273.9
294.5
Semimanufacturescf
do
978.4
956. 1
Finished manufactures d*
- do
By principal commodities:
419.1
402.7
Agricultural products, total?
do
82.3
73.7
Cotton unmanufactured
do
32.4
32.9
Fruits, Vegetables, and preparations
do
157. 8
137. 9
Grains and preparations
do
25. 1
27.4
Packinghouse products
_ _ _do
39.7
41.6
Tobacco and manufacturesA
do
1,293.8 1,299.9
Nonagricultural products total 9
do
108. 1
98.6
Automobiles, parts, and accessories
do
140. 3
143.8
Chemicals and related products!
do
30.2
29.2
Coal and related fuels
do__ _
73.2
68.7
Iron and steel products
do
314.1
29.6
57.3
20.7
20.7
2.6
69.5
57.0
1,902.4
269.1
34.8
34.5
18.0
21.3
2.0
68.3
34.2
1,688.8
265. 5
40.6
37.1
17.3
23.4
.9
63.1
27.8
1,730.3
261.3
31.1
42.0
14.6
20.5
.5
62.9
37.6
1,678.3
298.0
35.4
50.1
22.2
23.2
.6
64.8
41.2
1,617.0
274.3
32.7
37.5
17.0
16.3
.1
68.6
46.7
1,649.9
283.2
35.6
36.5
18.7
21.0
0)
67.3
44.6
1,614.3
224.6
177.0
105. 6
300.2
1,095.0
187.4
154.0
88.6
266.4
992.4
186.3
163.8
98.4
286.9
994.9
166. 2
144.4
95.2
290. 5
982.0
166.2
139.6
91.0
279.3
940.8
226.2
135.1
90.8
266. 4
931.3
469.4
113.4
31.8
187.3
26.7
31.2
1,433.0
115.2
158. 2
20.1
66.0
394.4
79.8
27.0
156. 3
23.9
26.7
1,294.5
105.9
141.0
24.4
61.2
395.3
53.0
34.2
165. 6
27.7
26.7
1,335.0
99.7
151.5
33.2
81.5
348.6
36.7
37.2
130.7
31.0
30.0
1,329.7
91.4
139.6
33.7
88.3
350.4
45.4
33.2
135. 1
33.7
31.4
1,266.6
92.6
149.7
27.2
73.3
391.4
89.4
30.9
133.8
25.6
35.6
1,258.5
81.2
142. 1
38.4
69.3
12.6
United Arab Republic (Egypt Reg.) mil. $..
23.1
Republic of South Africa
do
Asia and Oceania:
32.3
Australia including New Guinea
-- do
3.4
State of Singapore
-do
India
do . _ 53.4
14.2
Pakistan
-do_ _ _
111.8
Japan
- -do
7.2
Republic of In donesia
do
24.8
Republic of trie Philippines
do
Europe:
48.5
France
do
.3
East Germany
-do
89.2
West Germany
do
54.2
Italy
do
3.2
Union of Soviet Socialist Republics
do
117.6
United Kingdom
do
North and South America:
309. 1
Canada
do
306.5
286.4
254.4
246.8
302.0
49.0
33.6
40.7
34.8
37.4
39.1
30.0
30.6
40.8
30.8
19.1
17.0
20.2
13.4
19.8
19.2
20.3
17.4
17.7
26.6
.1
.1
.1
.2
0)
70.4
62.0
55.8
70.9
69.6
48.1
35.7
34.6
43.3
52.0
1,866.8 1, 797. 9 1, 806. 9 1,617.2 1, 794. 4
202.5
249.3
145.9
189.4
79.5
119.8
249.9
272.7
936.4 1, 035. 6
250.2
232.1
180.9
178.8
106.6
104.7
262.4
280.9
997.8 1,010.4
. 794. 4
164. 5
167. 5
175 8
146.9
107.3
108. 2
250.2
252.9
948.1 1,026 9
371.3
501.5
411.3
376.8
490.1
469.5
44.8
43.0
53.5
77.5
54.6
58.8
31.6
49.5
32.9
30.4
29.9
35.1
139.3
181.3
186.4
190.3
157. 9
179.1
24.7
30.0
24.5
26.8
21.9
30.8
76.1
82.3
27.2
43.9
23.7
64.6
1,243.0 1,365.3 1, 307. 8 1, 337. 5 1, 240. 4 1,320.2
85.8
105.4
107.9
98.9
108. 0
107.3
139.2
148.1
142.3
148.0
142.6
141.4
37.3
36.2
21.2
25.0
27.8
33. 0
67.2
71.3
66.2
57.3
50.9
66.9
446.3
393.5
413.3
391.1
360. 5
390.8
378.6
422.1
374.3
394.7
403.2
402.6
387. 3
Machinery total §9
do
400.4
16.3
15.6
12.1
17.1
14.3
10.6
7.8
8. 8
10.2
9.0
12.0
10.6
12.0
Agricultural
do
9.4
35.2
33.4
32.3
35.3
27.3
29.7
28.8
32.9
29.9
27.0
23.5
Tractors, parts, and accessories
do
26. 3
28.5
24.5
104. 7
88.0
95.1
86.4
89.9
85 2
96.2
104. 4
94.3
93.5
95.0
91.9
90.3
Electrical
do
105.1
42.1
40.9
39. 8
38.4
30.8
41.0
40.6
38.1
39.5
49.7
40.0
36. 1
47.7
Metal working §
do
40.7
210.0
185.1
178.8
193.3
185. 6
189.4
178.4
186.1
207. 5
189.1
188.6
192.0
194.6
Other industrial
do
187. 5
38.9
39.9
40.1
38.3
36.5
37.3
39.0
41.7
34.0
33.3
37.1
33.0
Petroleum and products
do
31.3
38.2
53.8
66.6
57.9
53.2
57.8
49.2
53.9
53.8
59.9
60.6
49.0
55. 2
56.8
Textiles and manufactures
- - do
60.4
1,251.5 1,226.7 1,255.2 1,063.0 1,222.9 1,232.0 1,285.3 1,251.8 1,197.1 r 1,358.6 1,342.2 1,294.9 1, 372. 6 1,224.2 1,385.9
General imports totalO
do
1,158.4 1,159.0 1,155.2 1,177.2 1,366.4 1,261.3 1,280.3 l,317.7 1,310.7 1,296.5 1,320.1 1,314.1 1, 336. 1
Seasonally adjusted*©
do
By geographic regions: O
52.2
60.7
61.8
80.0
55.7
64.5
52.1
45.9
53.2
40.5
64.1
57.1
Africa
- do
55.8
46.3
215.6
181.8
208.0
202. 7
226. 8
231.4
242. 6
220.9
244.5
236. 6
243. 8
201.4
215.2
Asia
do
235. 3
28.2
22.2
24.7
30.7
27.7
35.7
28.2
22.6
33.4
29.5
32.4
26.4
Australia and Oceania
do
26.7
27.3
355.6
344.8
338.6
287.3
335.1
334. 6
327.6
420.9
377.5
356. 3
367. 3
379. 9
Europe
_ _
__do
345. 8
414.8
264.6
262.9
227.3
280.5
282.2
301.1
285.3
283.6
316.1
278.8
275.4
241. 8
Northern North America
do
272.4
310.8
127.2
128. 5
139.5
105.8
127.3
118.8
90.3
99.1
93.3
113.5
129. 3
149. 9
Southern North America
do
113.8
111.7
174.4
182.0
199.2
202.9
200.8
189.4
181.0
188.9
201.4
223.9
226. 9
191.2
South America
do
196.7
195.2
By leading countries: O
Africa:
2.9
2.2
2.6
13.4
.9
.4
.6
United Arab Republic (Egypt Reg.)-.do
1.8
.8
11.7
.5
.8
3.0
|
17.4
16.7
17.3
12.4
19.8
19.4
12.3
18.8
22.9
16.5
18.3
Republic of South Africa
do..
19.8
13.5
27.9
1
Asia and Oceania:
15.4
11.5
11.9
14.2
15.8
15.1
18.3
16.4
21.9
16.7
15.4
Australia, including New Guinea
do
18.1
17.1 r 22.9
_-- -.j
1.2
1.0
1.6
.8
3.4
.9
.8
.9
1.8
State of Singapore
do.
2.6
1.6
1.6
1.7
i
21.0
22.1
3L4
19.0
22.3
16.9
23.0
18.0
24.8
19.7
18.7
20.4
17.8
21.0
India
do
3.1
2.6
2.2
4.4
3.0
2.7
2.9
2.5
1.9
4.7
2.8
3.3
5.7
3.7
Pakistan
do
87.9
76.6
81.2
80.9
92.6
99.6
94. C
95.7
82.5
107.3
94.3
99.5
107. 5
77.8
Japan _
_ _
do_ _.
13.6
11.5
14.5
17.2
18.0
13.2
12.5
14.5
14.0
12.9
14.8
12.4
14.1
13.0
Republic of Indonesia
do
26.4
24.1
30.2
25.6
26.6
33.3
27.4
20.7
15. 5
28.3
15.5
25. 6
31.0
Republic of the Philippines _ _
do
31.1
Fnrope:
36.3
33.0
33.4
35.8
38.2
42.6
39.4
49.8
44.0
42.4
39.8
France
do
40.8
26. 5
35. 5
2
1
.1
.1
.1
.3
.2
.3
East Germany
do
.3
.3
.2
.2
.1
.5
.1
74.8
71.3
63.9
69.6
69.5
73.6
65.3
70.6
75'. 6
67.9
81.8
82.8
67.6
76.3
West Germany
do
32.8
31.3
28.4
28.6
31.5
33.2
25.9
29.5
36.8
29.4
40.1
32.4
38.7
31.3
Italy
__ - do
1.9
1.9
1.5
2.8
3.1
1.5
2.9
1.3
3.3
2.2
1.2
Union of Soviet Socialist Republics
do
.9
1.8
.6
75.1
72.2
75.2
72.2
United Kingdom
do
86.6
73.5
70.7
102.4
83.2
82.7
56.6
81.9
84.0
74.5
f
l
Revised.
Less than $50,000.
AManufactures of tobacco are included in the nonagricultural products total.
{Revisions for individual months of 1960 and for Jan. 1961 will be shown later.
§Excludes "special category, type 1" exports.
*New series. Data prior to Aug.
9 Includes data not shown separately.
^See similar note on p. S-21.
1960 may be obtained from Bureau of Census reports.
O Effective with the Apr. 1962
cfData for semimanufactures reported as "special category, type 1" are included with
SURVEY, the import totals and appropriate components reflect revisions to include uranium
finished manufactures.
ore and concentrates. For certain recent months, the data by regions and countries exclude
imports unidentified by area of origin.
SURVEY OF CURRENT BUSINESS
May 1962
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
Monthly
average
S—23
1961
Mar.
Apr.
May
June
July
1962
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Valuet— Continued
General imports, by leading countries©— Con.
North and South America:
Canada _
..mil. $._
262.8
272.2
264.6
227.3
280.3
285.0
281.9
300.7
283.4
316.1
310.6
278.8
275.3
241 7
do
294.0
267.8
294.3
246.6
264.0
271.6
249.9
244.3
250.1
253.2
263.8
296.8
323.3
279 6
do
-do _ _ .
do
do
-. do
do
-do
8.2
47.5
16.0
24.9
29.8
36.9
79.0
8.5
46.8
15.4
23.0
2.9
44.9
74.9
8.4
47.8
11.9
25.8
3.0
53.4
78.2
7.8
44.5
15.6
17.5
1.3
44.1
66.5
10.6
42.0
13.5
22.4
2.1
52.2
73.3
10.1
40.6
17.8
29.2
4.3
56.0
68.0
8.9
37.7
18.6
21.6
3.4
44.4
63.8
8.7
53.3
11.9
20.5
2.3
37.8
69.5
8.9
57.3
8.1
21.9
4.0
31.2
71.2
90
56.5
14 8
24 1
3.1
35 5
65.0
7
45
18
18
2
42
72
58
56.9
16 8
21.2
2.5
49.7
88.3
7
54
24
17
3
60
92
7
47
12
19
2
56
77
1,251.2
Imports for consumption, totalO
do
By economic classes:
281.3
Crude materials
_
-do
Crude foodstuffs
do__ - 143.4
Manufactured foodstuffs and beverages. _do_ __ 130. 5
257. 6
Semimanufactures
do
438. 3
Finished manufactures
do
By principal commodities:
318.6
Agricultural products total 9
do
1,219.0
1,260.1
1,066.6
1,216.9
1,201.1
1,259.0
1,266.7
1,196.5
1,353.8
1,336.9
262.7
143.0
133.5
257. 0
422.9
264.4
168. 1
142.9
266. 5
418.2
223.8
141.9
109.5
225.0
366. 5
258.0
139.7
124.9
267.1
427.2
253.2
149.7
136. 3
251.3
410.6
273.0
132.6
141.8
256.9
454.7
277.0
138.0
147.4
251.7
452. 6
265.9
130.5
135.2
250 0
414.9
294.5
141.9
153.7
281 3
479 4
273 8
132.0
163.0
289 6
478 6
271.8
148.8
131.2
275 9
445.0
291 0
159. 8
125.1
310 9
466 9
257 4
158 5
104.2
201 7
426 0
307.5
345. 5
286.9
294.9
314.8
314.4
334.3
297.2
320 6
305 4
301. 5
326 0
300 0
11.9
83.6
26.8
42.3
16.4
13.3
80.3
18.0
38.1
16.5
16.3
97.3
15.8
52.6
19.0
19.6
75.8
13.2
25. 6
17.9
16.3
74.7
15.5
38.7
15.9
17.9
91.5
18.2
37.2
16.1
20.8
72.1
18.6
49.7
19.1
13.7
77.8
18.5
46.4
15.0
7.3
79.2
16.1
35.3
15.4
4.5
78.8
22.8
40.6
19.2
2.7
66.6
21.0
34 7
14.5
5.3
87.2
21.7
34.6
14.4
14.8
92.7
22.2
27 3
20.1
11. 1
94 2
18.5
22 5
18.0
do _ .
932.5
911.5
914.6
779.7
922.0
886.3
944.7
932 4
899 3
971 2 1 027 6
907 9
Furs and manufactures
do
Iron and steel products
do
Nonferrous ores, metals, and mfs. , total 9
mil. $__
Copper, incl. ore and manufactures- -do
Tin including ore
-- do. -_
Paper base stocks
-- - do
Newsprint
-- - -- - do
Petroleum and products
_ _ do
9.1
44.2
8.4
37.7
9.0
32.3
6.8
32.6
7.2
37.3
6.7
39.9
5 8
41.5
4 3
43.9
5 2
40.4
4 4
46 0
7 4
51 9
21 0
39.1
16 4
45 0
15 2
38 6
95.6
33.4
9.8
28.0
57.3
128.6
89.1
23.2
9.9
27.7
57.2
134.7
89.7
24.8
5.7
27.2
58.3
147.4
66.9
10.5
7.1
22.2
53.2
128.2
94.1
34.8
7.1
28.0
65.0
127.9
78.0
18.7
7.9
30.2
59.3
120.1
89.2
17.1
13.2
25.3
56.0
137.9
86.1
20.6
11.0
30.7
58.7
123.8
89. 5
19.7
13.7
28.1
55.4
131.7
113.2
28.0
13.9
31.0
58.4
130.2
110.5
30.9
12 6
30.0
63 9
136.7
103.2
22.8
13 2
27.9
56 5
143.3
111 0
28.2
11 8
29.0
55 9
173.8
85 2
21.9
76
30.9
48 5
139.7
56, 503
44, 707
17 184
Latin American Republics, total 9
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Venezuela
_ __
_
.
.
Cocoa (cacao) beans, incl. shells.. _ _. _do-_ _
Coffee
-do_ -_
Rubber, crude, including guayule
do
Sugar
--- -- - do .__
Wool and mohair, unmanufactured
do
Nonagricultural products total 9
3
3
5
7
8
8
7
1
6
8
9
7
7
9
3
5
9
6
1
4
5
1,272.7 1,353.6 1, 207. 8 1,368.8
1 033 2 1 031 5
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines
Scheduled domestic trunk carriers:
Financial operations (qtrly. totals):
Operating revenues, t o t a l 9 _ _ _
mil. $__ i 493. 5
Transport, total 9
-__do . i 489. 1
Passenger
-- -_ -.
do_. _ i 443. 4
130.0
Property
_ do _
U.S. mail
do_ ._ i 11.7
* 484. 6
Operating expenses (incl. depreciation) do
i 1.1
Net income (after taxes)
__
do
Operating results:
Miles flown (revenue)
-_-thous_- 60, 419
Express and freight ton-miles
flown
d o _ _ _ 31,718
11,066
Mail ton-miles
flown
_ __ _
_ do
3, 854
Passengers originated (revenue)
do
Passenger-miles flown (revenue)
mil-- 2, 450
460.7
455.6
413.0
28.7
12.0
479.0
d
16. 9
57, 450
37, 122
12, 247
534. 1
527 3
479. 9
31 8
12.3
511.2
4.4
539 8
536 1
486 3
33 4
12 3
531 9
d
33
57, 106
36, 094
13, 239
3,779
2,398
56, 636
32, 322
11,631
3,871
2,459
58.011
36, 606
12, 000
3.839
2,380
00, 313
38,116
11,781
4, 281
2,820
01,742
33. 002
10 029
3,937
2, 678
02, 750
39, 775
12.104
4, 228
2,807
58, 840
41 , 002
11 707
3 858
2, 543
60, 202
43, 530
12 520
4 029
2, 544
57 563
42, 181
12 572
3 839
2,367
3
2, 525 3 2, 610
Express Operations
Transportation revenues
Express privilege payments
thous. $ _ 30, 705
10, 420
do
30, 737
9,760
32, 790
11, 955
28, 033
8,171
30. 891
10, 474
31, 022
11, 570
20, 103
8,719
32, 102
9, 797
31 466
9,974
33 079
10, 803
31 807
10, 200
36 493
11,014
Local Transit Lines
Fares, average cash rate§
Passeiigers carried (revenue) __
Operating revenues
18.9
cents..
627
mil
117.3
mil. $_.
19.6
603
116.4
19.4
* 658
123. 5
19.5
603
114. 5
19.5
644
121.3
19.5
599
113.6
19.6
531
100.3
19.6
507
112.6
19.7
584
108 8
19.7
033
125.3
19.7
015
120 7
19.7
015
122. 4
Class I Motor Carriers (Intercity)
Carriers of property (qtrly. totals):
2923
Number of reporting carriers
Operating revenues, total
mil. $_ 11,188.4
11,158.5
Expenses, total
do
Freight carried (revenue)
mil. tons _ 169.0
Carriers of passengers (qtrly. totals):
2 139
Number of reporting carriers _ _ ._
Operating revenues, total
__ ..mil. $ _ i 115.1
i 100. 6
Expenses, total
do
Passengers carried (revenue)
mil-- i 56.6
Class I Railroads
Freight carloadings (AAR):a*
Total cars..
Coal
_.
Coke .
Forest productsGrain and grain products
thous..
do
do
do ...
do
2,537
443
34
159
232
988
1,112.1
1,097.0
64.5
140
118.9
103.8
55. 4
141
1 45. 4
114 8
01.2
r
2, 508
405
28
175
261
2,106
365
23
146
196
2,242
388
26
148
202
d
l
2
'Revised.
Deficit.
Quarterly average.
Number of carriers filing complete
3
eports for year 1960.
Excludes operations intra-IIawaii and intra-Alaska.
t See similar note
O See similar note on p. S-22.
9 Includes data not
on p. S-22.
shown separately.
19.8
554
20. 0
619
2,039
410
34
129
224
2, 141
413
36
153
927
2, 720
497
44
191
204
1,200.3
73 9
140
97.8
95.8
51.3
2,382
424
29
156
237
981
1.223.2
1,158.3
71.7
19. X
013
2.860
470
34
183
293
973
1 , '27?,. 6
2,174
329
25
140
256
2, 307
421
28
159
234
2, 951
537
38
190
245
141
119 4
104 3
57 3
2, 580
455
31
157
244
2,310
434
31
146
213
2, 610
524
39
162
268
2,250
399
33
147
206
§Revised effective Jan. 1960 to reflect fares charged in U.S. cities with a 1960 population
of 25,000 or more; revisions for 1960 are shown in the Nov. 1961 SURVEY.
c?Datafor Mar., June, Sept., and Dec. 1961 and Mar. 1962 cover 5 weeks; other months,
4 weeks.
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
May 1062
1961
Monthly
average
Mar.
May
Apr.
June
July
1962
Aug.
Sept.
Nov.
Oct.
Dec.
Jan.
Feb.
Mar.
24
144
103
1 214
17
85
117
1 397
13
62
88
1 079
11
62
96
1 142
17
89
125
1 494
1 251
95
92
86
100
97
96
90
92
99
94
88
99
93
111
63
100
54
95
97
90
98
104
110
64
112
53
98
97
92
96
102
105
73
114
52
97
96
93
93
98
107
79
83
52
98
Apr.
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Class I Railroads— Continued
Freight carloadings (A AH)— Continued tf
Livestock
- thous
Ore
_
do.. Merchandise, 1 c.i
do
Miscellaneous
do
Freight carloadings, seas. adj. indexes (Fed. R.):f
Total
_ _ 1957-59 =100-.
Coal
do
Coke
_
do
Forest products
do
Grain and grain products
_
do__
Livestock
do
Ore
-- -do
Merchandise, l.c.l _
do
Miscellaneous
do
Financial operations:
Operating revenues, total 9
mil. $
Freight
_ do
Passenger
__.do
Oneratins expenses
_-do
Tax accruals and rents _- - __ do
Net railway operating income
do__ _
Net income (after taxes)
_
do
151
22
184
19
145
121
18
72
158
1 309
1 252
1
1
95
91
17
136
117
1 208
14
244
140
1 483
11
213
106
1 095
14
223
114
28
263
141
36
202
111
1,390
17
65
119
1 176
1 174
1 509
1 344
88
74
60
93
104
74
92
66
90
90
85
65
97
102
80
54
63
92
92
89
79
96
108
74
64
63
93
92
87
83
94
111
62
78
62
92
91
87
90
96
97
69
84
60
93
92
89
93
98
104
71
87
60
92
90
89
93
97
96
68
90
58
91
94
90
88
99
104
74
92
56
96
714.9
604 4
46. 1
584. 1
108. 1
22.6
4.4
778.5
796.4
754 2
629 3
58 7
606 6
111 9
35. 6
20 4
90
91
99
101
83
107
75
96
87
78
95
104
71
83
61
92
793 1
669 0
53 4
630. 5
113.8
48.8
37 1
765 8
644 9
52 1
606. 2
114 8
44.8
31.9
761. 3
642 6
50.1
611.2
144 5
1.374
5. 073
132.0
1.386
14, 073
11 411
2, 662
13, 502
2, 576
2,623
5 445
5,675
5,287
Operating results:
Freight carri'ed 1 mile (qtrly )
bil ton-miles 2 147. 0
Revenue per ton-mile (qtrlv. avg.)
_ _ cents ri 1. 403
Passengers carried 1 mile, revenue (qtrly. )_ _mil. . 2 5,315
2
2
2
118.0
32. 1
14.4
664 6
47.7
617.3
120. 5
40.8
25. 5
670 6
58. 1
613. 6
123 4
59. 4
43 f>
825
695
58
625
125
74
59
4
9
9
6
2
6
7
144 1
1.381
4,743
774 7
658 3
47 9
600. 5
113 4
60.8
41 5
8^3
721
47
623.
3
0
4
9
r>9 8
89.7
73 1
118
57
96
799 6
681 1
47 2
607. 1
121 0
71. 5
57 7
770
626
60
614
99
57
69
^2 295 7
8
4
3
2
5
2
6
4 1 %3 f)
4
144 8
4
112 6
152 8
1 360
4 943
149 0
1 370
5 675
4,929
116
64
103
57
97
17
100
97
Waterway Traffic
Clearances, vessels in foreign trade:
Total U.S. ports
thous. net tons. . 13, 893
11,286
Foreign vessels
do
United States vessels
- -_
- do._ . 2, 607
Panama Canal:
Total
In United States vessels
the us Ig. tons
._ -__.
do___
5, 206
1,080
Travel
Hotels:
9 15
\verage sale per occupied room
dollars
65
Rooms occupied
% of total
115
Restaurant sales index
same mo 1951 ~ 100
Foreign travel:
U.S citizens: Arrivals
__
thous _.
169
Departures
do
167
Aliens: Arrivals
__
do ___
108
Departures
do
89
71
Passports issued and renewed
_
do __
2,217
National parks, visits
do
Pullman Co.:
280
Passenger-miles (revenue).
mil..
Passenger revenues
__ _ _thous .$
4. 488
10,926
12, 945
10, 322
14, 620
11,927
14, 215
11, 939
2, 276
14, 740
11 940
2 800
15. 521
12 491
3 030
14. 541
11 686
2 855
15. 056
12 040
3,016
14. 913
12 005
2 908
13. 753
11 045
2 708
5, 953
837
5,757
5 021
788
5 626
691
5 663
805
907
851
5 283
795
5 233
839
5 900
927
5 465
865
5 290
855
6 200
' 976
8 87
2, 692
823
937
9 23
8.70
64
118
9.57
65
114
8.82
65
121
9 45
64
115
8 58
54
105
9 60
9 47
62
112
61
109
65
111
10 04
71
111
9 72
63
109
8 81
49
111
q 00
61
109
9 17
63
114
174
168
111
93
71
160
157
103
85
103
729
154
170
101
83
102
1, 115
150
163
107
94
117
1,760
187
258
110
111
105
299
206
138
108
69
223
166
149
112
52
6 438
2,818
164
137
127
100
40
1,802
133
110
101
86
38
874
128
136
99
99
34
562
139
138
97
71
57
3
557
145
4,020
231
263
124
113
76
6, 674
276
4,611
3,882
3.405
251
4,111
3,957
255
222
4,155
3. 642
258
4, 259
220
3,615
4,432
720.1
744.1
413.7
256. 1
414.3
254. 6
742.4
730. 2
753.8
245. 6
762.9
424.4
133.0
66. 3
741.9
416. 3
250 4
441.9
124.8
66.8
767.0
424.3
127.0
66.1
264.3
447.6
457.3
452.3
2,323
254
4,192
'
234
207
243
63
193
86
3
61
692
3
93
107
764
269
COMMUNICATIONS
Telephone carriers:
Operating revenues 9
mil. $
696. 5
Station revenues
_ __ __ do _
392. 6
236. 5
Tolls, message
do
Operating expenses (before taxes)
_
do __
418.3
116.6
Net operating income
do
Phones in service, end of year or mo. _ _ mil..
65.0
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operat ing re venues. ._
. thous. $__ 21,864
19, 495
Operating expenses, incl. depreciation
do
1,300
Net operating revenues
do
Ocean-cable:
3,014
Operating revenues
_
do
Operating expenses, incl. depreciation. __do
2,470
Net operating revenues
_ __ do
225
Radiotelegraph :
4,224
Operating revenues
do
Operating expenses, incl. depreciation
do
>• 3, 324
r
747
Net operating revenues
do
740. 7
414.4
735. 8
252.0
256. 8
441.4
126.6
67.6
448.9
408.9
239.6
426.2
119.4
65.5
125. 3
65.7
125.4
66.0
22, 144
20, 004
1,029
23, 383
20, 484
1,548
21, 339
19, 391
682
22, 976
20, 522
1,139
23, 163
20. 645
19, 870
1,785
d 397
20, 627
1,241
3, 023
3,155
2. 524
270
2,879
3,077
3,164
2.877
2,423
4, 613
3, 513
947
4.439
3,345
2,452
240
4,471
3.443
866
408.5
447.6
20,121
430.2
414.2
128.0
66. 5
23,013
259. 3
131. 4
67.1
131.5
67.3
22, 288
19, 982
1,291
22, 587
20, 020
1,689
21, 483
19, 878
797
22,411
20,074
3,125
2,721
49
3, 083
4,681
3, 209
1,258
4,531
2,914
2,521
102
247
58
4,500
3,436
1
3, 035
2, 465
436
4, 528
3, 459
912
4,243
3.478
4, 652
3, 543
959
3,496
608
776. 9
430.8
267.8
459.1
134.5
67.6
2,427
898
771.6
428.8
264.4
264. 8
2, 538
194
2. 504
77
942
440.0
409.3
4, 412
744
2,406
351
3,467
892
749.5
426.7
244 0
461.4
131.1
67.9
439.2
1 770
22, 093
20, 106
598
21, 220
18, 795
455
3, 186
2, 113
723
3,276
' 2, 582 2,517
344
69
2,893
4,632
4.731
3,711
845
3, 534
928
127 9
68.1
4,342
3,361
810
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
Acetylenet
mil. cu ft
1,012
Ammonia, synthetic anhydrous (commercial)
thous. sh. tons.. « 401. 5
78.4
Carbon dioxide, liquid, gas, andsolidj
do
0
386. 4
Chlorine, gas
__
do
967
980
902
984
896
790
938
939
1. 100
1,114
1,124
••989
432.9
78.9
383. 6
463. 3
69.2
373.8
460.2
67.5
384.7
477. 5
83.1
399.6
442.5
95.5
375.1
411.5
96.7
381.6
417.2
105.5
394.7
399. 6
87.1
349.8
425. 5
80.8
409.5
435.4
73.0
411.4
449.1
68.7
420.7
416. 8
429.4
70.2
63.3
405. 8 ' 381. 9
77.6
«80.8
74.9
76.7
Hydrochloric acid (100% HC1)
- do
77.0
281.5 295. 4
274.7
277.0
Nitric acid (100% HNO 3 )
do_-__ 276.3
5,918
4,832
Oxygen (high purity) J
mil cu. ft
5, 875
5.337 5,167
205. 6
200.7 209.2
Phosphoric acid (100% P2Os)
thous. sh. tons.. 0 175. 8 187.1
r
d
Revised.
Deficit.
° Revisions will be shown later as follows: Jan. 1959-Aug.
1960 for chlorine, sodium hydroxide, and sodium sulfates; Jan.-Aug. 31960 for other indi2
cated items.
i Based on unadjusted data,
Quarterly average. " Effective Jan. 1962,
data reflect redefinition of visits to one park: Jan. 1962 (new basis), 62,600 visits; Jan. 1961
18,600 visits.
4
(old basis),
Quarterly total.
http://fraser.stlouisfed.org/
cf Data for Mar., June, Sept. and Dec, 1961 and Mar, 1962 cover 5 weeks; other months,
4 week.?.
Federal Reserve Bank of St. Louis
r
1,064
73.2
86.9
83.0
73.1
83.3
70.6
79.0 ' 78. 5
85.6
254. 6
283.9
255. 2
276. 6
297.5
298.8 306.2 296. 5 289.8
6,102
5, 988
5, 798
6,298 6,753 6,632
7, 075 •• 7. 360 ' 6, 945
181.8
160.2
175.0
175.7
184. 9
202. 0
195. 6
183. 7
184.8
tReyised effective with the Dec. 1961 SURVEY to incorporate the 1957-59 comparison
base period, as well as new weights and seasonal factors. Monthly indexes for total loadings
(1919-60) appear in the Dec. 1961 Fed. Res. Bulletin; indexes for separate classes prior to Oct.
1960 are available from the Board of Governors, Fed. Res., Wash. 25, D.C.
9Includes data not shown separately,
JSee similar note on p, S-25.
SUEVEY OF CURRENT BUSINESS
1062
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
Monthly
average
S-25
1961
Mar.
Apr.
May
June
July
1962
Aug.
Sept.
Oct.
Nov.
410 2
10 5
433 7
388 9
10 6
449 4
58.9
43.5
Feb.
Jan.
Dec.
Mar.
Apr.
CHEMICALS AND ALLIED PRODUCTS -Continued
CHEMICALS— Continued
Inorganic chemicals, production— Continued
Sodium carbonate (soda ash), synthetic (58%
372.2
Na^O)
thous. sh. tons
379.8
376.4
375. 5
400.8
366 3
373. 3
10 2
Sodium bichromate and chromate
do
10 9
91
10 1
10 3
10 4
89
408.2
394.9
Sodium hydroxide (100% NaOH)
do
399.8
414 2
434 3
406 5
•414.3
Sodium silicate (soluble silicate glass), anhydrous
43.9
thous. sh. tons
41.7
37.0
35.5
•41.4
44.6
55.5
Sodium sulfates (anhydrous, refined; Glauber's
95.3
92.8
salt: crude salt cake)
thous. sh. tons. _ "89.4
95.7
97.6
92.2
88.8
1,490.3 1, 487. 8 I, 562. 8 1, 540. 4 1,574.0 1, 446. 3 1, 354. 6
Sulfuric acid (100% HsSO^t
do
Organic chemicals :cf
Acetic acid (synthetic and natural), production
mil. Ib
\cetic anhydride, production _ _ _ _ _ _ _ d o
Acetylsalicylic acid (aspirin) , production. _do_
Alcohol, ethyl:
Production
Stocks, end of month
Used for denaturation
Taxable withdrawals
Alcohol, denatured:
Production
Consumption (withdrawals)
Stocks end of month
Creosote oil, production
DDT, production
Ethyl acetate (85%), production
mil. gal
mil. Ib
do
Ethylene glycol production
do
Formaldehyde (37% HCHO), production do
Glycerin, refined, all grades:
Production
do
Stocks, end of month
_
_ _ _
do
Methanol, production:
Natural
mil. gal
Synthetic
_
do ___
Phthalic anhydride, production
mil. Ib
369 1
9 9
370 0
41.0
43.0
54.6
94.4
97.6
1,401.7 1,390 9
97.4
1,543 7
408.1
11 6
443 8
r
382 4
10 8
423 1
40.6
r
368 6
10 2
403 2
46.5
108.0 r 102. 3
105. 2
97.9
1 557 3 1.598.7 1,640 4 1,535 6
66.6
94.4
1.9
67.9
89.6
1.6
58.0
82. 1
1.7
62.7
98.2
1.8
65.7
100.8
2.0
68.4
90.9
1.1
69.6
93.3
2.0
65.0
105 0
2.0
76.8
104 7
2.4
74.0
106 1
2.1
76.8
117.3
2.3
83.7
96.5
2.0
72.5
95 5
2.3
52.4
140.8
43.2
5.1
54.4
139.9
50.3
4.9
49.8
141.8
42.5
4.7
54 6
154.4
41.5
5.3
46.0
139.2
41.8
5.6
44.2
139.7
41.6
4.2
49.6
142. 3
41.5
5.0
53 4
140.9
37.6
5 5
66 3
136. 9
44.7
7.3
56 4
138.8
42.5
6 0
55.3
141.1
43.7
4.2
53.7
145. 9
'•43.9
4.3
47.8
148.7
42.7
4.5
24.2
24.3
4.4
23.4
23.4
6.2
27.0
26 9
6.1
22.9
22.8
6 3
22.3
21.4
7 2
?2 5
23.1
6.6
22.4
22 6
6.4
22.9
24.2
5.1
20 3
19.0
6 4
24.0
24.9
5 4
23 5
23.0
5 9
23.5
24 2
5.2
23.7
23.6
5.4
23.0
23.4
5.0
7.7
13.7
8.9
7.8
14.3
8.0
8.2
16.0
6 6
6 9
14.2
11 0
8 5
15.8
6 8
8.9
14.7
9.5
88
14.9
61
10.3
14.7
4.6
81
13.7
7 7
6.8
13.6
12 0
7 4
13.0
12 8
6.4
12 9
7.3
6.1
10.3
9.6
8.1
13.2
3.9
6.4
13.8
10.5
108.1
156.0
98.7
145.3
101. 3
145.5
95 7
138.3
98 4
148 4
97.0
139.1
94 4
125 7
99.3
154.9
87 7
155.5
97 5
165. 1
95 2
162 4
97.3
156.6
91 3
155. 8
80 8
157.2
91 9
163. 5
24.2
27.4
22.4
34.3
23.3
33.7
25.6
37.1
23.6
37.9
20.2
34.6
18 6
32.5
24.4
33.8
18.0
32.6
23.0
30.7
24 6
34.0
24.0
38.4
20.9
35.2
21.0
36.4
21.2
35.2
.2
24.7
33.4
.1
25.7
31.2
.2
24.8
31.0
.2
24.7
34.7
.2
25.9
36.3
.1
24.6
33.5
.1
24.3
33.0
.1
25.5
33.3
.1
22.8
31.6
.1
28.1
30.0
.1
28.5
28.0
.1
27.7
30.9
.1
26.4
28.7
.1
25.5
25.6
29.0
30.2
780 2 2, 391
562
539
43
31
436
429
68
65
1,430
439
40
321
67
2,021
547
27
446
44
1 441
527
55
439
22
919
635
27
536
57
404
663
16
551
85
255
534
13
447
57
362
523
18
428
70
420
548
34
452
52
330
540
62
411
57
336
605
47
440
100
68
71
511
89
541
114
347
76
63.7
91.3
2.0
1
54.2
mil. proof gal
i 130. 3
do _
45.2
do_ __
i 5.3
_ . _ do
_mil. wine gal
do __
do
376 0
10 2
418 9
106. 4
2.5
FERTILIZERS
Consumption (10 states) §
Exports, total 9
Nitrogenous materials
Phosphate materials
Potash materials _
-
thous. sh tons
do
do
_
do
do
2
do _
do
do
do _
do
207
105
30
12
36
227
123
41
13
36
359
194
53
21
61
273
127
40
22
47
309
159
83
18
42
177
101
48
11
9
139
92
34
15
3
158
93
37
10
19
203
124
35
5
33
260
138
35
15
54
216
106
32
9
57
156
87
26
12
14
261
128
50
15
70
259
131
37
12
73
Potash deliveries (KaO)
_
do
Superphosphate and other phosphatic fertilizers
(100% P2O5) :
Production
thous. sh. tons
Stocks end of month
do
181
173
282
309
177
54
124
232
124
211
104
159
302
117
221
344
222
406
264
349
246
274
241
309
196
383
157
426
185
437
213
424
234
434
228
465
221
499
230
505
207
482
127
82, 424
66
73, 887
g8
77, 714
86
88, 356
44
83, 958
70
81 360
299
92, 792
106
93, 769
198
94, 844
177
85, 296
144
79, 679
114
75, 118
72
76, 616
53
81,058
3
3
146.9
87. 8
59.1
146.6
87.5
59. 1
151.7
93.2
58.5
169.8
104.8
65.0
179.8
112.8
67.0
155.1
99 5
55 6
169. 7
103.6
66.1
154.1
92.1
62.0
149.3
86.5
62.8
134.6
75.2
59.4
111.1
60.1
51.0
129.2
69.9
59.3
123.9
69.9
54.0
151.2
85.0
66.2
519
4,098
529
3,882
511
3,888
545
3, 948
547
3,936
555
4,086
572
4, 179
484
4,253
528
4, 255
519
4, 307
550
4,814
516
4, 863
476
4, 890
4.2
7.6
.1
4.8
7.5
.1
4. 5
7.6
.1
4.2
7.1
.1
4.4
7.5
.1
5.0
7.9
.1
4 0
6.5
1
5.0
6.6
.1
5.4
8.5
.1
5.4
8.6
.1
5.2
8.6
.1
6.3
7.7
.1
4 7
8.0
.1
Imports, total 9
.
Nitrogenous materials, total 9
Nitrate of soda
Phosphate materials _
Potash materials
.
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments:
128
Black blasting powder _
_ .thous. Ib
82, 026
High explosives
do
Paints, varnish, and lacquer, factory shipments:
Total shipments
mil. $__ 147.0
85.3
Trade products
do
61.7
Industrial
finishes
do
Sulfur, native (Frasch) and recovered:!
476
Production
thous. Ig. tons
3,826
Stocks (producers'), end of month
do
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production :0
Cellulose acetate and mixed ester plastics:
Sheets rods and tubes
mil Ib
Molding and extrusion materials
do
Nitrocellulose sheets rods and tubes
do
Phenolic and other tar acid resins
Polystyrene
Urea and melamirie resins
do
do
do
49.3
82 1
29.8
49.0
83.5
29.3
46.3
71 8
27.0
45.1
79 5
24.8
49.7
85 9
28.8
51.1
86 6
28.7
39.8
82.7
22.9
51.9
88.4
32.6
52.6
89.7
33.0
57.2
98.1
37.6
54.6
92.7
36.0
52.5
95.9
32.2
55.1
85 9
34.5
Vinyl resins
\lkyd resins
Rosin modifications
do
do
do
100.2
46.4
11.8
100.5
32.1
9.8
93.1
28.5
8.8
97. 5
30.6
9.0
104. 5
33.6
9.0
104. 5
33.7
10.0
91.9
31.8
9.3
107.4
34.5
10.0
101.5
34.4
11.6
116.8
37.2
10.3
110.9
34.4
12.5
108.5
31.0
9.3
112.4
36.3
8.6
do
do
do
15.8
111.3
30.4
13.6
132.8
38.2
14.1
129. 3
35.9
13.6
124.9
38.5
15.2
129.0
37.6
13 0
132.8
38.9
12.0
135.4
33.8
13.6
134.0
40.3
12.8
121.8
37.4
15.2
146.2
43.8
15.5
148.4
43.4
13.3
153.2
41.8
15 5
150.8
51.6
_
Polyester resins
Polyethylene resins
Miscellaneous (incl protective coatings)
r
Revised.
<» See similar note on p. S-24.
i Average for July-Dec. 2 Based on data for 11 States; see note " §".
Beginning Jan. 1961, trade sales of lacquers (formerly shown with industrial finishes) are
included under trade products.
{Revisions for Jan. 1959-June 1960 for carbon dioxide and Jan.-June 1960 for acetylene,
oxygen, and sulfuric acid are shown in the Oct. 1961 SURVEY.
cf Data (except for alcohol) are reported on the basis of 100% content of the specified material
unless otherwise indicated.
3
§States represented are: North Carolina, South Carolina, Georgia, Florida, Alabama,
Tennessee, Arkansas, Louisana, Texas, Oklahoma; also Virginia in the monthly averages.
According to quarterly reports from Virginia, consumption in that State was as follows
(thous. sh. tons): 1961—Jan.-Mar., 258; Apr .-June 311; July-Sept., 75; Oct.-Dec., 97.
9 Includes data not shown separately.
t Re vised effective with the Jan. 1962 SURVEY to include recovered sulfur.
©Beginning July 1961, data are not strictly comparable with those for earlier periods
because of the inclusion of companies formerly not reporting; monthly averages are based on
reported annual totals.
SURVEY OF CURRENT BUSINESS
S-26
1960
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1962
1961
1961
Monthly
average
May 1962
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total O
mil. kw.-hr.Electric utilities, total
do _.
By fuels
.
-do
By waterpower
do
Railways and railroads
Residential or domestic
Street and highwav lighting
Other public authorities
Interdepartmental
68, 289
61 280
47, 440
13 840
71 , 032
63, 660
49, 647
14 013
72,410
65, 191
51, 731
13,460
75, 223
68 202
54, 702
13 500
78, 965
71, 486
58, 378
13,108
74, 466
67, 297
55, 366
11 931
74, 471
66, 848
55, 373
11, 475
74, 222
66, 669
64, 806
11 863
78, 419
70, 878
57, 147
13, 731
80, 913
73, 123
58, 823
14,301
72, 047
64, 777
51, 435
13 342
78, 646
70, 719
54, 562
16, 157
51,294
11,486
53, 624
12, 374
52, 444
12,196
49, 395
11,886
51,712
11, 948
53. 233
11, 958
55.016
13 186
58, 069
13, 417
54, 849
12, 449
54, 408
12. 441
54, 080
12, 590
57, 407
13, 471
59, 437
13, 687
52, 733
12, 044
56, 725
13, 994
7,356
7,055
301
7,213
6,932
281
7,101
6,777
324
7,009
6 682
327
7,371
7 024
7,219
6 908
7 021
6 705
7,927
7 604
323
__do
56, 933
60, 061
58, 356
57, 393
do
do
Sales to ultimate customers, total (EEI)§
Commercial and industrial:
Small light and power
Large light and power
71,742
64, 641
50, 765
13, 876
do
do
do
Industrial establishments, total
By fuels
By waterpower
73,211
65, 998
53, 348
12, 650
do
do
Privately and municipally owned util
Other producers (publicly owned)
70, 135
62, 779
50, 653
12, 126
9,567
28 733
Ul, 239
*28 952
10,314
27 775
10 169
27 736
398
55
390
17,418
564
1,370
2 128
959.6
2,374
2,218
do
- do
do
do
do
418
310
256
7,479
7,224
255
7,169
6 946
223
7,623
7 377
246
7,552
7 285
267
7,541
7 246
295
7,790
7 479
311
7 270
6 982
57 986
59 089
59 719
62, 973
63 138
61 309
60 306
62, 294
65, 428
63 520
10 795
28 662
11 445
99 406
12 163
28 874
12 948
30 392
12 936
30 174
11 804
30 197
11 234
29 564
11,270
29 627
11,276
30 156
11 111
29 230
347
370
455
16 191
358
341
17 081
360
356
15 894
16 383
368
17 268
17 566
16 796
16 913
18 712
21 213
20 495
1,346
2
122
1 320
1 327
1 373
1 330
1 369
1 396
1 395
1 432
1 437
1 468
1 529
1,014.1
985. 8
971.6
1,013 5
1,055 3
1,065 6
2,111
1,974
136
2, 175
2,029
145
2,135
1 995
572
409
159
945
735
201
i 74. 2
57.2
i 16. 7
71.4
55.0
16.0
thous.- 30, 554
28 087
do
do
2,430
mil. therms _- 22, 636
7, 558
do
do_ .- 13, 907
16, 367
510
1,304
Revenue from sales to ultimate customers (Edison
Electric Institute) §
mil. $..
17, 809
572
384
573
129
494
147
973.5
474
140
994.2
481
146
484
152
556
153
607
140
1,033 4
385
649
130
443
288
681
122
741
120
425
620
109
1 013 9 1,043.4 1,091.7 1, 073. 6
GAS
Manufactured and mixed gas (quarterly) :tcf
Customers, end of quarter, total 9
thous__
Re«idential
do
Industrial and commercial
do
Revenue from sales to consumers, total 9
_
Natural gas (quarterly) :d"
Customers, end of quarter, total 9
Residential
Industrial and commercial
Sales to consumers, tota!9
Residential
Industrial and commercial
2,071
1 938
542
376
162
276
153
123
529
371
153
114.8
92.3
21.8
67.5
51.5
15.7
37.4
25.8
11.4
65.9
50.4
15.2
31, 526
28 973
2,516
31, 444
28 858
2,550
31,274
28 763
2,476
31,319
28 841
2,442
32, 065
29 431
2 596
23, 171
7 914
14, 088
30, 345
14 076
14, 940
21, 960
7 088
13, 788
16, 636
2,687
12, 957
23, 743
7 805
14 668
1,326.6 1,420.2 2, 030. 6
734.9
790 5 I, 289. 4
694. 7
553.8
590. 4
1,328.7
725.9
566. 1
871.2
358.9
480.8
1, 450. 1
787 8
620.2
mil. therms. - »• i 563
403
do
' i 156
~~ do
Sales to consumers, total 9
Residential
Industrial and commercial
Residential
Industrial and commercial
2, 063
1 932
156
mil. $—
do
do _.-
r
r
-
Revenue from sales to consumers, total 9 mil. $
Residential
do
Industrial and commercial __do__
139
132
130
,___
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Production.mil. bbl__
7.78
Taxable withdrawals _ __
do
7.33
Stocks, end of month
do
10.37
Distilled snirits (total):
Production
_mil. tax gal s 13. 27
Consumption, apparent, for beverage purposes
mil. wine gal._ 19.56
Taxable withdrawals
mil. tax gal
39.90
Stocks, end of month
_.do . _ 3835.02
Imports
_ _ . _ mil. proof gal
3.10
Whisky:
Production
mil. tax gal-- 12.41
6.84
Taxable withdrawals
do
Stocks, end of month
do
806. 44
Imports _ _
mil. proof gal
2.75
7.92
7.42
10.61
8.33
7.36
10.51
8.45
7.07
11.40
8.96
8.22
11.59
9.63
9.20
11.41
9.55
8.94
11.46
9.41
9.16
11.13
7.40
7.62
10.47
7.33
6.99
10.37
6.52
6.60
9.87
6.43
6.48
9.42
6.99
6.13
9.86
6.42
5.75
10.16
15.06
16.14
14.44
15.60
15.79
9.83
10.11
13.12
19.25
19.53
16.43
15.88
15.32
20.12
10.04
859. 59
3.26
20.24
9.97
853. 80
2.91
18.33
9.34
856. 23
2.54
19.87
10.24
859. 48
2.91
20.93
11.31
861.58
3.26
17.16
7.96
861. 84
2.44
18.93
10.03
859. 46
'2.94
18.80
10.52
859. 43
3.74
22.58
14.34
864. 32
4.69
25.35
12.41
868. 39
5.35
28.32
8.08
874. 59
3.82
16.93
8.58
879. 71
2.75
17.08
8.65
883. 95
2.76
11.85
7.08
835. 94
2.87
13.07
6.93
829. 42
2.54
11.57
6.38
832. 29
2.24
12. 35
6.78
835. 97
2.57
11.92
7.31
838. 41
2.90
7.26
5.09
839.09
2.15
7.39
6.75
837. 52
2.63
9.35
7.56
837. 07
3.30
13.92
10.93
840. 54
4.12
15.73
9.39
844. 23
4.75
13.58
5.79
850. 13
3.35
13.43
6. 02
855. 92
2.46
12. 76
6.35
860.19
2.41
6.43
4.80
6.98
5.20
7.77
5.87
5.46
4.01
6.89
5.10
7.55
5.83
10.48
8.21
8.74
6.71
6.02
4.49
5.88
4.08
5.87
4.49
.37
.23
2.73
.05
.33
.32
2.72
.08
.53
.28
2.92
.07
.16
.16
2.91
.05
.35
.26
2.95
.06
.25
.31
2.87
.08
.26
.47
2.61
.13
.32
.55
2.35
.17
.38
.49
2.20
.12
.33
.27
2.23
.05
.50
.20
2.51
.05
2.20
11.86
164. 89
.81
1.98
12.47
156. 42
.93
1.93
13.41
140. 68
.93
.85
9.14
134. 10
.78
5.00
12.93
123. 45
.90
50.26
13.14
163. 92
1.00
81.81
16.28
230. 55
1.20
10.45
14.47
220. 13
1.38
4.60
13.53
209. 50
1.00
3.28
12.22
194.33
1.00
2.70
11. 11
187. 44
.88
.50
27.61
1.30
27.57
Revised.
i Based on annual total including revisions not £illocated by mont hs (or qilarters).
2
Beginning Mar. 1961, data include sales not pre viously i-eported.
8
Average for July-Dec.
©Revisions for Jan .-Nov. 1960 are available upon request.
1.14
Rectified spirits and wines, production, total
6.80
mil. proof gal. _
6.97
7.05
Whisky
do
5.39
5.32
5.17
Wines and distilling materials:
Effervescent wines:
.34
.37
Production
mil. wine gal-.33
.22
Taxable withdrawals
do
.28
.31
2.63
Stocks end of month
do
2.45
2.64
Imports
_
_ do
.06
.08
.08
Still wines:
13.82 i 14. 00
2.56
Production
do
12. 44 1 12. 98 15.29
Taxable withdrawals
do
Stocks end of month
do
176. 11 175. 86 177.23
.91
Imports
_
_
do
.82
.93
Distilling materials produced at wineries— _do
r
4.08
35.56
14.31 112. 99 143. 95
11.92
9.68
.93
1.79
§Be sinning with th B Apr. 1 962 SUB VEY, da ta inclu de Alasfc:a and 1 lawaii (formerly
exclucled).
JRp vis?d dal a for ind ividual (quarters of 1960 w ill be she wn later
cfT he 1960 a nd 1961 ivera^es shown fo r gas are quarterl y averag es.
£
9 Ineludes dsita not silown sep arately.
SUEVEY OF CURRENT BUSINESS
May 1962
Unless otherwise stated, statistics through 1960
and descriotive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
S-27
1961
Monthly
average
Mar.
Apr.
May
June
July
1962
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS
Butter, creamery:
Production (factory) t
Stocks, cold storage, end of month
Price, wholesale, 92-score (N.Y.)_
Cheese:
Production (factory), total J
American whole milkj
mil Ib
do
.$ per lb__
114.4
106.5
.599
124.5
181.5
.612
132.3
98.0
.612
135.8
123.0
.612
155.2
158.7
.612
153.8
217.8
.612
130.0
249.8
.612
108.5
256.5
.614
94.1
238.4
.614
110.4
230.7
.613
109.6
223.7
.611
125.5
224.8
.611
144.7
239.0
.610
133. 0
260.0
.610
151.0
304.2
.609
mil. Ib
do
123.2
83.0
135.7
95.2
139.8
94.7
147.9
106.0
175.3
128.7
175.9
132.1
148.1
110.0
133.7
97.6
118.8
83.0
119.0
79.6
112.0
72.8
122.0
78.1
119.0
78.4
114. 4
76.1
128.7
87.2
316.8
277.3
5.3
429.8
379.5
6.3
341.1
302.3
5.6
368.3
324.9
6.6
406.9
357.5
5.2
452.4
400.3
7.5
481.9
424.0
3.9
511.0
448.4
5.8
501.2
442.2
6.0
490.5
432.6
6.0
470.6
421.5
8.1
472.9
419.9
6.9
456.8
405.9
5.8
432 8
382.8
5.9
412.9
363.8
.414
.409
.418
.422
.411
.408
.408
.410
.413
.415
.414
.410
.410
.410
.402
5.7
181.4
5.8
176.6
6.1
181.2
5.6
206.7
7.1
266.5
5.8
252.4
5.5
213. 9
6.0
188.6
5.4
158.9
5.9
137.5
5.4
116.6
5.4
124.8
5.9
117.7
5.6
116.7
4.4
149.2
5.5
235.9
6.0
243.6
5.7
83.2
5.5
107.7
4.9
213.4
7.1
310.0
6.8
353.5
6.9
367.2
6.7
364. 5
6.8
336.2
5.4
282.6
5.6
225.1
4.6
162.6
4.0
106.3
4.3
66.1
3.5
8.4
3.9
7.6
4.6
4.4
4.7
12.9
2.9
12.0
3.9
13.7
4.4
8.5
3.5
10.5
3.4
4.5
2.7
5.1
4.4
3.7
3.9
2.6
3.0
5.6
3.9
10.9
Stocks, cold storage, end of month, total
do
American whole milk
do
Imports
do
Price, wholesale, American, single daisies (Chicago)
_
$perlb
Condensed and evaporated milk:
Production, case goods:!
Condensed (sweetened)
mil Ib
Evaporated (unsweetened)
do
Stocks, manufacturers', case goods, end of mo.:
Condensed (sweetened)
mil. Ib
Evaporated (unsweetened)
_ do
Exports:
Condensed (sweetened)
do
Evaporated (unsweetened)
do
Price, manufacturers' average selling:
Evaporated (unsweetened)
$ per case
Fluid milk:
Production on farms
mil Ib
Utili 7 ation in mfd dairy productscf
do
Price wholesale U S average
$ per 100 Ib
Dry milk:
Production :J
Dry whole milk
mil Ib
Nonfat dry 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)
$ per Ib
GRAIN AND GRAIN PRODUCTS
Exports (barley corn oats rye wheat)
mil bu
Barley:
Production (crop estimate)
do
Stocks (domestic), end of quarter, total
do
On farms
- - - - do
Off farms
do
Exports including malt§
- do
Prices, wholesale (Minneapolis):
No 2 mnlting
-$ per bu
No 3 straight
do
Corn:
Production (crop estimate, grain only) mil. bu
Grindings, wet process
... do
Stocks (domestic), end of quarter, total
mil bu
On farms
do
Exports, including meal and
flour
_do
Prices, wholesale:
No 3 yellow (Chicago)
$ per bu
Weighted avg , 5 markets, all grades
do
Oats:
Production (crop estimate) -
mil bu
Stocks (domestic), end of quarter, total
On farms
Off farms
- -
do
do
do
Exports, including oatmeal
Price, wholesale, No. 3, white (Chicago)
do_ _
$perbu__
Rice:
Production (crop estimate)
mil. bags 9
California mills:
Receipts, domestic, rough
mil. lb_
Shipments from mills, milled rice.
do
Stocks, rough and cleaned (cleaned basis), end
of month
mil Ib
Southern States mills (Ark., La., Tenn., Tex.):
Receipts, rough, from producers
mil. lb_.
Shipments from mills, milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis) end of month
mil Ib
Exports
do
Price, wholesale, head, clean (N.O.)
$ per lb_.
6.34
6.30
6.30
6.29
6.29
6.29
6.29
6.29
6.29
6.29
6.29
6.29
6.29
6.29
6.28
10, 234
3,968
4.21
10. 455
4,285
'4.22
10, 931
4,488
4.18
11, 200
4.694
'4.03
12, 375
5,498
'3.93
12, 039
5, 444
'3.87
11, 057
4. 593
'4.02
10, 270
3,954
4.17
9,621
3,442
4.38
9,672
3,756
'4.47
9,219
3, 622
'4.55
9,772
4,064
'4.45
10,118
4,444
4.39
9,629
4,132
4.29
11,101
4,712
'4.16
8.2
151.5
6.9
167.5
6.8
179.5
6.4
194.8
8.4
230.5
7.6
233.8
5.8
182.6
6.1
142.4
5.7
116.2
7.9
134.6
7.5
133.4
7.2
165.0
8.3
184.5
5.4
176.7
6.1
201.2
6.4
121.5
6.4
136.6
5.8
105.8
5.8
129.2
6.7
161.8
7.2
183.6
8.3
177.0
6.6
153. 6
5.7
134.8
5.5
127.8
6.0
116.9
7.3
132.5
8.2
126.7
7.7
131.0
6.1
128.4
2.3
16.6
1.5
21.0
1.4
13.4
.9
10.4
.2
21.7
2.8
32.5
1.6
26.9
2.0
27.3
1.3
28.1
1.1
19.0
.6
29.9
1.1
12.3
.8
21.5
.6
18.7
.137
.154
.143
.155
.158
.158
.158
.160
.159
.161
.160
.162
.162
.161
78.0
90.5
109.0
89.1
96.4
76.6
80.0
78.4
81.4
99.6
104.1
100.5
85.1
116.0
1431.3
i 393. 4
2 393. 4
8.4
8.4
* 152. 8
* 65. 4
*87. 4
4.5
3.7
2.2
433. 8
242.5
191.4
4.2
3.3
6.0
5.3
9.9
1.14
1.06
1.31
1.23
1.14
1.06
1.18
1.10
1.19
1.10
1.21
1.12
1.45
1.33
1.43
1.35
1.47
1.40
1.48
1.42
1.46
1.40
1.43
1.37
1.47
1.42
1.41
1.35
'3,908
12.8
i 3, 624
13.1
13.4
12.0
13.4
13.8
12.7
14.6
13.4
14.1
13.6
2 3, 624
11.9
13.2
12.7
33,090 3 3, 246
3 1, 709 31,784
3 1, 381 '3 1, 463
18.6
24.5
3,665
2, 085
1,580
30.1
24.7
23.9
2, 816
1,447
1 369
21.4
17.2
35.6
43.3
1.11
1.04
1.08
1.01
1.13
1.07
1.12
1.08
1.14
1.10
1.08
1.04
1.07
1.01
3311.1
'3 291.
8
3 166. 8 3 154. 0
3 144. 3 r* 137. 8
5.4
7.8
1.13
1.07
U,155
3672
3595
377
2.9
1.11
1.06
1
246. 9
128.8
118.1
5.7
4
3657
3576
' 333. 7
179.4
' 154. 3
5.3
23.4
2, 008
4
580
1, 428
24.5
23.8
32.3
••4 495
3,022
r i 473
34.3
1.12
1.08
1.10
1.06
1.09
1.06
1.10
1.09
1.08
1.08
4
1,013
214 8
98 0
116.8
1.39
1.33
14.8
3,386
2,149
1 236
1.11
1.06
21,013
381
972
859
113
<325
*268
4
57
558
484
74
'775
' 695
80
1.7
2.3
.7
2.8
1.1
1.6
.6
4.2
1.6
1.0
5.71
fi.67
.60
.64
.68
.66
.72
.68
.68
.67
.71
154.6
153.6
100
62
110
71
101
76
50
63
76
51
88
69
114
70
129
70
78
68
191
69
100
95
.3
494
432
63
.2
.2
.70
.65
.70
169
78
182
109
229
172
167
110
(e)
2
53.6
100
104
119
87
85
77
83
97
80
135
102
126
133
107
119
338
231
317
209
112
271
78
216
53
204
46
126
24
156
158
102
769
154
1,565
240
486
253
242
285
169
264
228
296
100
282
845
163
.081
826
148
6.086
843
226
.084
616
183
.085
455
203
.085
385
65
.087
252
96
()
258
57
.085
620
51
.084
1,411
98
.089
1,485
139
.090
1,378
255
.093
1,237
280
.095
1,102
186
.098
905
P. 098
1.29
14 6
1.25
Rye:
Production (crop estimate)
mil. bu_. 133.1 127.3
321.6 '3 20. 9
20.2
Stocks (domestic), end of quarter, total
do
1.15
1.13 « 1. 20
1.13
Price, wholesale, No. 2 (Minneapolis) _--$ per bu~
(6)
' Revised.
* Preliminary.
1
2
3
Crop estimate for the year.
Dec. 1 estimate of the 1961 crop.
Quarterly average.
4
Old crop only; new crop not reported until beginning of new crop year (July for barley,
oats, rye, and wheat; Oct. for corn).
• Average based on months for which quotations are
available.
« No quotation.
.161
6
227.3
' 19 3
1.30
1.32
1.31
1.31
{Revisions for 1960 appear in the Oct. 1961 SURVEV.
cf Revisions for Jan. 1955-July 1960 are available upon request.
§Exr:lud^s a small amount of pearl barley.
9 Bags of 100 Ib.
U4.2
1.12
1.22
1.21
29.7
1.24
P3.90
SURVEY OF CURRENT BUSINESS
S-28
1960
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
Monthly
average
May 1962
1962
1961
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Con.
Wheat:
Production (crop estimate) total
Spring wheat
Winter wheat
Distribution (quarterly total)
mil bu
do
_ _ _ do
do
Stocks (domestic) end of quarter total
On farm^
Off farms
do
do
do
Exports total including
Wheat only'
do
do
flour
1
1,357 i 1, 235
1
247 i 158
1,111 i 1, 076
3293 '3332
365
296
332
1 , 822 31,854
3305
3318
3
1, 504 31, 549
1, 707
258
1,449
U.412
* 137
4
1, 275
2 316
466
1,850
1
3
48.2
42.2
2 12 235
158
2 1,076
r
335
342
r
1 612
211
1 431
1 982
359
f 1 623
58.2
52.4
70.2
61.2
54.0
48.9
59 7
52.7
49 2
45.4
57.4
50.6
52.1
46.1
48.1
44.5
70.2
64.8
63 2
58 1
60 0
54.6
43.7
36.8
62 4
46.3
2.28
2.04
5 1.97
2.25
2.15
2.02
2.11
2.13
2.17
2.00
(6)
2.16
2.22
1.96
1.78
2.18
2 27
1.92
1 90
2.21
2.34
1.98
1.87
2.11
2.30
2.04
1.97
2.34
2.38
2.07
1.P4
2.41
2.40
2.08
1. 87
2.36
2 42
2.12
f6)
2.40
2 45
2.14
2.42
2.46
2.09
1.99
2.37
2.45
2.11
2.05
2.40
2.44
2.12
(6)
2.39
21, 692
93.3
405
49, 333
22 722
91.0
418
51, 499
18. 744
86 1
346
42, 492
20,793
86.9
386
47, 199
20, 381
85 1
380
46 276
20, 782
91.0
390
47, 310
23,810
94 7
451
54,454
21,112
96. 5
398
48,118
23, 063
95. 8
431
52, 480
22 933
100 0
430
52 250
22,014
100 6
413
50 108
23. 490
97 6
440
53 478
21, 708
99 4
404
49 346
23, 140
95.0
430
52, 551
34,703
2, 511
4,892
3.918
2,219
3,029
4, 197
1, 645
2, 954
2,628
4 751
1,536
2, 344
2 176
4 973
2 345
3,012
7,003
5. 520
5. 166
5. 335
5. 033
5. 433
5. 050
5 473
5. 033
5 570
5. 050
5. 598
5.217
5 625
5. 334
5 660
5. 333
5 665
5.317
5 650
5 300
5 638
5 267
5 625
5.267
5 650 J»5 682
5.267 » 5. 350
506
417
1,664
1. 221
528
456
1.627
1 121
402
378
1, 502
1,065
371
381
1, 754
1 254
339
364
1, 785
1 121
274
341
1,628
1 128
249
421
1,803
1 289
465
456
1,712
1 ?52
'720
511
1,817
1 695
1,300
469
1 683
1 329
983
416
1 589
1 070
447
454
1 781
1 326
368
362
1 468
968
279
461
1,649
1 013
334
1 130
25. 93
22. 93
28.50
24. 46
23.20
30.17
' 25. 33 24.73
24.38
24. 50
32. 50
30.00
23. 09
23.06
28. 50
22.30
21.81
26.00
22. 23
21.70
25. 50
24.01
22.94
28.00
24.21
22. 61
28.50
24. 46
22.97
30. 50
25. 44
23.03
30. 50
25. 90
26.04
25.84
22. 80
23. 16
23.06
32. 00 ' 35. 50 33.50
26. 65
24. 56
* 35. 48
26.80
25. 11
5, 513
5,469
1,586
6,110
1, 633
5,048
1, 483
5, 597
1 734
5, 093
4, 320
1 303
5, 114
1 485
5, 240
1 451
6,223
1 802
6.327
1 830
5, 738
1 693
6.098
1 838
5, 312
1 498
6, 225
1 6^3
1 685"
15. 50
16.78
17.26
16.90
16.19
15.91
16. 60
17.19
17.69
16.79
15.94
16.32
16.66
16.24
15.97
15.66
15.3
16.6
16.9
r 17.4
15.7
15.2
15.7
16.5
16.8
16.1
16 7
17 0
17.4
17 1
16 5
15 6
1,170
1.311
532
119
1,247
291
1,253
554
253
157
1, 358
615
212
1,252
452
142
1,126
478
192
1.290
602
367
1,286
695
630
1,412
720
557
1,213
551
224
1,124
499
127
1,375
577
205
1,177
441
127
1,227
445
131
467
19. 26
18. 26
17.07
14.99
16.50
16.65
15.25
15.75
18.75
14.04
19. 25
14. 95
17. 75
14.44
17.75
14.01
16. 62
14. 66
16.25
14.20
16 00
13. 95
16 25
13.72
16.88
13.72
17 50
14.85
17 38
15.38
17 62
15. 30
2, 066
2,116
2, 211
1,947
2,245
2,171
1,898
2,117
2 063
2,314
2 269
2 120
2 312
1 953
2 233
525
87
63
460
77
80
477
69
71
529
58
80
523
79
63
496
78
93
444
94
92
390
65
104
381
62
80
397
93
89
486
114
97
485
58
78
482
74
99
497
71
72
548
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
2.21
$ per bu__
2.02
No. 2, "hard winter (Kansas City)
do
51.95
No 2 red winter fSt Louis)
do
2.17
Weighted avg , 6 markets, all grades
do
Wheat flour:
Production:
Flour
thous sacks (100 lb.)__ 21, 262
92.4
Operations percent of capacity
402
Offal
'
thous sh tons _
48, 560
Grindings of wheat
thous bu
Stocks held by mills, end of quarter
3
4, 443
thous sacks (100 Ib )
2,613
Exports
- do
Prices, wholesale:
Spring, standard patents (Minneapolis)
5.322
SperlOOlb
Winter hard 95% patents (Kans. City) do__ _ 4. 992
(6)
r
5 472
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected) :
Calves
thous animals
Cattle
do
Receipts (salable) at 25 public marketst
do
Shipments feeder to 8 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago).
$ per lOOlb..
Steers, stocker and feeder (Kansas City)__do
Calves, vealers (Natl. Stockyards, Ill.)_._do
Hogs:
Slaughter (federally inspected). ..thous. animals..
Receipts (salable) at 25 public marketst
do
Prices:
Wholesale, average, all grades (Chicago)
$per!001b__
Hog-corn price ratio (bu. of corn equal in value
to 100 Ib live hog)
Sheep and lambs:
Slaughter (federally inspected). ..thous. animals...
Receipts (salable) at 25 public marketst
do
Shipments, feeder, to 8 corn-belt States... do
Prices, wholesale:
Lambs, average (Chicago)
$ per 100 Ib Lambs, feeder, good and choice (Omaha) .do
438
1,616
r 503
MEATS
Total meats:
Production (carcass weight, leaf lard in), inspected
slaughter
mil. Ib
Stocks (excluding lard), cold storage, end of
month
_ __ .-mil. l b _ .
Exports (including lard)
_ . . do
Imports (excluding lard)
_
do-_
Beef and veal:
953. 5 1,120.3 1,132.9 1,032.3 1,130.0 1, 072. 1 1, 136. 1 1.049.3
Production, inspected slaughter
- do_ _ 1,005.4 1. 051. 0 1, 042. 4
999. 3 1,117.4 927.6 1. 038. 7
173.4
153.4
164.4
166.4
165.9
168. 7
175. 5
175.5
Stocks, cold storage, end of month
„_ _do
178.8
^82. 7
212 2
193.6
180 0
211 4
177 6
2.4
1.9
2.6
2.4
2.6
2 5
2.5
2.4
Exports . . ...
- _- ._ do ...
2 8
2 4
2 4
26
21
19
40.9
53.5
41.6
67.3
42.6
67.6
55.4
Imports
do
83 5
63 2
57 7
69 9
52 7
64 8
49 3
Price, wholesale, beef, fresh, steer carcasses, choice
.427
.451
.444
.415
434
(600 700 Ibs ) (New York)
$ per 11)
391
400
419
410
410
428
449
455
441
450
452
Lamb and mutton:
65. 5
66.9
50.6
63.0
57.4
59.6
Production, inspected slaughter
mil. Ib-. 55.6
57.7
64. 2
57.6
61.0
56 9
53 8
67.7
58 9
12.2
24.3
17.6
24.8
22.0
19.9
26.0
Stocks, cold storage, end of month
do
19 7
23.0
16 3
21.0
18 4
17 6
16 1
18 2
Pork (including lard), production, inspected slaugh814.8
930.0 1,059.1
981.2
ter
_ _rnil. Ib 1,005.3 1, 005. 0 1,101. 4
929.6
933.3 1,113 7 1 162 4 1 067 3 1 127 3 966 0 1 132 8
Pork (excluding lard):
762. 4
793.1
763. 1
840. 2
729.1
612.6
701.3
Production, inspected slaughter
do
713.7
710. 7
872.1 739.2
850.7
890.0
815. 8
877.7
2 13. 7
268. 6
271.1
269.8
239.8
935 5
Stocks, cold storage, end of month . _ _ do
203. 4
189.1
128 3
136 9
136 4
193 0
200 0
209 1
278 3
5.8
4.9
4.6
3.9
6.4
5.7
6.0
Exports
- . _ _ - - - . ..do
52
58
5 6
6 5
55
4 5
38
14.3
17.6
12.6
12.2
14.5
14.4
14.0
Imports _ - _
_
- - do
13.2
13.3
16 6
16 8
15 8
14 6
17 4
Prices, wholesale:
.472
.471
.486
.459
.456
Hams, smoked, composite
$ per lb_
.440
.450
.464
.466
.462
.504
.483
.499 7.490 P. 495
.479
.471
.457
.456
.456
.514
Fresh loins, 8-12 Ib. average (New York)_do
.470
. 506
.452
.488
.497
.484
.467
.469
.450
.429
Lard :
191.5
193. 5
166.7
176. 5
184.1
Production, inspected slaughter
mil. lb. 177.3
148.5
160.1
191.7
159.0
197 5
183 8
186 8
165 0
185 3
119.1
153.1
141.2
149.1
120.8
149.6
Stocks, dry and cold storage, end of mo
do...
126. 9
114.1
90.4
99.5
89.3
103.4
110.1
101.6
104. 5
51.7
22 l
33.9
26.1
34.9
41.0
31.9
49.0
Exports
do...
21.8
34.4
64.5
13.6
40.4
38.0
.125
.133
.158
.143
Price, wholesale, refined (Chicago)
$ per lb_
.121
.138
.125
.125
.130
.123
.124
.118 '•.120
.125 p . 128 i
r
5
6
Revised.
v Preliminary.
Average based on months for which quotations are available.
No quotation.
1
2
3
Crop estimate for the year.
Dec. 1 estimate of 1961 crop.
Quarterly average.
7 Beginning Feb. 1962, prices not strictly comparable with those for earlier periods.
4
Old crop only; new grain not reported until beginning of new crop year (July for wheat).
tRevised series. January 1961 data (in thous.): Cattle and calves, 1,315; hogs, 1,689; sheep
and lambs, 562.
i
S-29
SURVEY OF CURRENT BUSINESS
May 1902
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
1960
"VFonthlv
Mar.
average
1962
1961
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
POULTRY AND EGGS
Poultry:
Slaughter (commercial production)!
mil. lb_
Stocks, cold storage (frozen), end of month
do
Turkevs ^ _
_ _ _ _ _ _ _ _ _ _ __do ___
Price, in Georgia producing area, live broilers
$ per lb__
Eggs:
Production on farms
mil casesO
Stocks, cold storage, end of month:
Shell
thous cases O
Frozen
_ _ _ _ _ _ _ ___ __mil. Ib _
Price, wholesale, extras, large (delivered; Chicago)
$ per doz__
512
604
460
491
602
632
629
725
734
860
736
523
478
388
456
249
135
322
192
229
126
206
108
188
94
213
106
244
128
318
189
416
270
550
382
489
318
43?
263
405
251
340
219
294
192
.162
.135
'.162
M42
14 2
14.2
15.7
474
111
162
81
51
54
.372
.355
20 5
.286
r
. 128
'. 121
'-.116
r.120
'-.111
.113
r.118
'. 148
.155
.156
.154
15.3
15 4
14 2
13 9
13 5
13 0
13 6
13 6
14 3
14 7
13 7
15 9
78
67
238
92
365
113
314
113
280
108
2^5
100
145
86
83
70
39
61
29
49
38
40
55
48
.353
. 325
. 308
.326
.347
.366
.399
.393
.357
.335
.356
.330
.310
28. 5
.227
32.5
.205
39.3
229
39 8
.230
43 2
.215
48 4
.223
30 5
.213
16 6
.215
10 3
.226
6 2
.245
11 1
.265
30 3
.225
22 3
.195
.212
3, 034
5,573
2, 965
5,928
770
1, 866
719
2, 235
841
1, 772
752
1,719
519
2, 045
669
1, 633
482
1 776
776
.369
100
.363
104
.378
103
.373
87
.375
88
.378
80
. 375
65
.365
90
191
184
157
150
158
170
189
2,640
3,142
4,280
4,215
4,430
4,365
256
265
281
169
48
125
140
88
739
309
55
474
332
778
772
6
808
801
686
681
5
2,012
457
.141
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
Imports (incl shells)
thous Ig tons
Price, wholesale, Accra (New York)
$ per lb__
Coffee (green):
Inventories (roasters', importers 1 , dealers'), end
of quarter
thous. bagscf __ 13.108
i 5, 474
Roastings (green weight), quarterly total. __do
Imports
do
From Brazil
do
Price, wholesale, Santos, No. 4 (New York)
$ per lb__
Confectionery manufacturers' sales
mil $
Fish:
Stocks, cold storage, end of month
..mil. lb_.
Sugar:
Cuban stocks, raw, end of month
thous. Spanish tons..
United States:
Deliveries and supply (raw basis):
Production and receipts:
Production
_ _
thous. sh tons
Entries from off-shore, total 9
do
Hawaii and Puerto Rico _
do
1, 838
463
145
1
1
3,145
5, 321
2,815
5,882
3.211
5, 163
1 864
899
3. 029
6, 088
1 934
797
1 608
577
2 141
1, 059
2. 295
1,017
2 312
862
. 353
138
.340
141
.341
132
.341
107
.345
109
.345
105
.345
199
204
207
207
197
179
154
126
4,490
3,725
3,225
2, 725
1, 245
1,262
843
1,248
1,968
2. 468
44
296
215
45
310
209
93
318
242
105
203
183
697
114
82
903
135
53
758
120
60
324
170
67
187
139
969
962
7
1,785
375
831
822
9
1, 559
591
876
866
10
1,387
608
1,003
992
n
799
790
9
1,261
566
815
805
9
1,708
356
756
751
5
2,187
443
625
618
1,131
592
917
911
0
885
1,124
2, 156
234
p 1, 938
202
Prices (New York):
Raw- wholesale
Refined:
Retnil§
Wholesale (excl. excise tax) _
$perlb__
$ per Sib$ per Ib
. 064
Bakinsr or frying fats (incl. shortening):
Production
mil Ib
Stocks (producers' and warehouse), end of month
mil.lb_.
Salad or cooking oils:
Production
do
Stocks (.producers' and warehouse) , end of month
mil. Ib
Maronrine:
Production
do
Stocks (producers' and warehouse), end of month
mil Ib
Price, wholesale (colored; mfr. to wholesaler or
huge retailer' delivered)
$ per Ib
401
1, 715
510
765
758
6
2,124
389
354
88
36
338
106
14
482
164
11
217
117
12
330
141
20
328
121
15
430
138
19
394
145
31
316
95
6
358
97
16
325
4
319
95
14
230
56
19
.063
.063
.062
.062
.065
.065
.064
.060
.061
.062
.062
.064
.065
.064
. 064
. 553
.087
. 570
.087
.574
.088
.573
.087
. 573
.087
. 574
.088
.580
.087
. 561
.086
.567
.084
. 555
.084
. 565
.086
. 565
.086
.573
.088
p. 088
9, 111
10, 630
8, 997
9,331
7, 699
8,830
8,914
8, 136
10, 644
10, 769
8. 659
1 1 . 202
9,378
192 8
204.6
211.8
188. 6
205. 8
185.9
138.0
220.6
203.6
233.4
235.5
2^2 4
221. 3
214.5
214. 4
114. 9
116. 9
139.1
128. 1
119.3
122. 9
125. 0
130.3
142. 7
159. 6
175. 3
187.0
164. 1
186. 9
53.6
154.0
157. 8
181. 9
190. 7
141 3
143 6
139 2
128 8
35.4
38.3
42.8
. 268
29.4
24.6
1,750
. 573
.087
102.6
107.3
111.4
112. 8
172.6
174.0
175. 9
1 64. 1
174.5
180.8
187. 9
181. 2
153.7
174.2
142. 7
137. 6
15'>.0
173.6
199. 9
21.5.6
206 9
223. 5
138 7
132.9
123 5
130 5
146 8
157 3
147.0
147. 8
159 8
140 6
142 9
34. 5
40. 5
45. 4
36.6
35.6
39.4
40. 2
40.6
32.8
38. 3
37.7
38. 3
.267
267
975
.275
. 270
. 270
.270
.270
270
. 270
. 270
-". 270
35. 9
31.4
35. 5
34.8
29.3
41.3
30.6
37. 0
30.6
31. 5
27 2
39. 6
38.7
34.7
33.5
36. 0
33.3
40.0
37.6
35. 5
26. 1
37. 5
29. 6
39. 3
36. 0
35. .">
30. 5
25. 2
26. 8
26.3
25. 5
31 2
31.0
33. 5
29. 7
25.2
23.9
20. 9
24. 7
25. 9
25.0
24.2
276 1
152. 7
296. 2
144. 8
290. 5
150. 6
275. 4
145. 8
308. 8
150. J
310.4
155. 4
280. 5
106. 0
318.4
152.2
290. 3
146. 5
300. 3
1 19. 0
319.7
1 55. 6
293. 9
147. 5
313. 0
155. 8
292. 1
138. 6
287 0
153 3
319.3
410, 1
'• 393. 1
42.x 0
119.0
132. 7
r
195. 1
FATS, OILS, AND RELATED PRODUCTS
Animal and fish fats: A
Tallow, edible:
Production (quantifies rendered) _ mil. lb__
Consumption in end products
do
Stocks (factory arid warehouse), end of month
mil Ib
Tallow and arease (except wool), inedible:
Production (quantities rendered)
do
Consumption in end products
do
Stocks (factory and warehouse), end of month
mil. lb__
Fish and marine mammal oils:
Production
do
Consumption in end products
do
Stocks (factory and warehouse), end of month
mil. lb__
.345
185
33
19
9, 598
Deliveries, total _
do
For domestic consumption
do
For export and livestock feed
do
Stocks, raw and refined, end of month do
Exports
sh. tons
ImportsR'-HV suf'ar total 9
thous sh tons
From Philippine Islands
_
do
Refined sugar total
do
. 208
364. 6
348. 5
333. 7
349.8
329. 1
371.0
374. 6
383. 1
395. 2
399. 7
404. 9
17.4
9 0
20.8
9.3
.5
9.4
3.3
9.7
32.8
10. 9
47. 2
11.3
56. 6
10 0
49.1
8 9
24.2
8.2
14.3
8.3
10 2
8 7
11.2
8.3
8.3
93. 4
123.4
73.3
71. 8
92.3
108. 9
155.7
161,4
179. 7
176.4
1 59. 0
132.9
125, ti
for Xevr York
1961 SURVEY.
7 9
r
8.3
114.7
101. 7
SURVEY OF CURRENT BUSINESS
S-30
1960
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
Monthly
average
1962
1961
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FOOD AND KINDRED PRODUCTS; TOBACCO- Continued
FATS, OILS, AND RELATED
PRODUCTS— Continued
Vegetable oils and related products:
Vegetable oils (total crude and refined):
Exports
mil Ib
Imports
do _
Coconut oil:
Production:
Crude
do
Refined
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse), end of month
mil. 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 Ib
142 8
43.9
92 6
47.2
51. 8
41.0
150 0
36.2
72.2
45.4
121 0
30.5
84.4
55.9
99.7
48.6
57.0
50.9
108. 0
61.2
78 0
59. 7
79 0
51.9
111.1
62.3
105.0
37.4
41.3
33.3
49.4
41.6
38.6
53.7
33.7
35.2
51.4
29.7
37.9
54.0
43.9
43.9
62. 6
38.0
45.2
60.9
45.9
38 7
50.9
47.0
47.2
63.2
44.8
37.5
51.1
45.7
43.0
58.9
43.2
38.6
50.7
39. 1
34.7
51.8
38.0
39.9
54.6
38.8
39.8
51.4
41.5
46.9
61.7
1 322. 5
13 0
313.6
13. 6
339.8
6.6
316.6
6.7
306.4
11.4
289.0
5.2
295.7
17.4
294.3
15.6
300.8
12. 1
295. 3
22.2
308.1
20.6
319. 3
18.6
307.5
22.0
291.8
7.6
285. 6
27.5
25.7
26 2
28.0
26.8
26.4
27.1
26.5
26.8
28.1
26.3
24.8
29.5
25.3
25.7
30.0
25.8
25.4
26.9
24.1
24.7
30.7
31.5
31.1
29.1
29.0
30.5
28.2
26.5
31.5
28.3
26.5
23.1
27.7
27.8
22.7
28.4
26.7
22.4
27.8
24.4
20.5
31.5
26.6
24.0
35.2
34.6
36.4
36.5
42.9
40.5
40.5
35.1
33.2
25.3
28.3
30.7
36.2
42.1
49.5
207.8
172 4
204.6
168.4
224.9
272.0
189.3
270.5
138.1
245.5
85.0
196.9
66. 6
142. 6
68.6
89.4
149.6
73.3
341.2
96.7
347.5
85.8
286.8
81.5
299.1
84.9
268.5
113.6
242. 5
123.4
151 4
127 1
106.4
149. 8
125. 5
110.5
163. 5
166.9
128.6
137.7
138. 2
107.8
100.8
118.6
108.6
60 4
80.0
102.5
48 1
55 9
86.5
48 9
47.8
105.4
109 4
63. 2
90.3
256 0
161. 1
117.3
259. 7
183.5
124.6
210. 3
168. 9
116.5
219 1
160.9
109.2
200 7
164.3
106.7
182 0
162. 0
117.9
385. 7
.151
335.8
.186
447.6
.184
432.6
.194
379.1
.201
313.1
.184
249.8
. 195
182 8
.191
170.4
.194
245. 0
.179
319.9
.179
392.0
.183
434.2
.183
4S8. 7
.181
477. 5
p. 179
30.6
32 0
35. 5
31.8
31.4
32.6
36. 4
35.2
41.7
35.3
34.8
38.0
33.7
37. 5
37.9
35.7
40.7
33.0
34.0
30.1
39.5
25.8
32.1
24.8
33.3
27. 1
-•33.4
25.4
30.6
32.9
110.8
.131
103.0
.142
105.1
.131
103.2
.131
104.3
.131
94.3
.137
90.6
.158
87.4
. 153
96.8
. 149
98.3
. 152
117.0
.152
128.4
.152
134.9
.152
'140.6
.152
137.0
p. 152
762.6
104 3
777.1
147 i
801.7
178 4
758. 9
216 3
781.1
212 5
734.7
195 3
716. 8
201 6
692.4
171 1
529.7
71 9
838.7
62 4
888.0
62.9
895. 4
99 3
946.7
101 4
366 0
289.7
283.8
369.6
297. 6
287.0
381. 1
319.5
296. 1
362. 9
291.2
261.8
377.0
313.3
289.5
352.8
270.2
266.5
315. 1
230. 3
237 8
333. 9
291.9
280.3
253.3
284.0
292.5
396.9
294. 6
309. 2
417.7
319.2
300.2
417.9
332. 1
318.5
476.5
. 129
703.5
. 157
624. 7
.173
675. 8
.174
710.0
. 169
761.9
.156
773.2
.151
765. 6
.153
677. 2
.148
738.0
.149
801.5
.146
859.6
. 151
395. 0
312. 1
304.0
933. 3 r 959 2
r
.145
.148
Cottonseed cake and meal:
Production
_
thous. sh. tons__
Stocks (at oil mills) end of month
do
Cottonseed oil:
Production:
Crude
mil Ib
Refined
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) ,
end of month
mil Ib
Price, wholesale (drums; N Y )
_
$ per Ib
Linseed oil:
Production, crude (raw)
mil Ib
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) ,
end of month
mil Ib
Price wholesale (Minneapolis)
$ per Ib
Soybean cake and meal:1
Production
thous. sh tons
Stocks (it oil mills) end of month
do
Soybean oil:
Production:
Crude
mil Ib
Refined
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse),
end of month
mil Ib
Price wholesale (refined' N Y )
$ per Ib
TOBACCO
Leaf:
Production (crop estimate)
mil Ib
Stocks dealers' and manufacturers', end of quarExports incl scrap and stems
Imports incl scrap and stems
Manufactured:
Production total
Consumption (withdrawals):
Cigarettes (small):
thous Ib
do
do
TavaMo
do
Cigars (large) taxable
do
Manufactured tobacco and snuff, taxable
thous 11)
P s, te
2
1, 944
2
3
2, 023
4
4, 573 * 4, 580
41,346 41,741
13 257 13,870
4,671
28, 595
13 231
25,110
14, 202
14,429
15,918
3 296
40,677
531
9
14 148 14, 124
1 685 1 861
14, 442
3 083
39 178
543
13. 909
11,348
14,335
3, 100
39, 584
549
3 732
45, 361
605
3 342
42. 568
666
3,063
33, 260
367
3,299
41,114
490
14, 379
1,970
15,010
1,872
13. 905
1,987
11,526
2,011
13, 999
1,861
11,754
1, 982
.675
.148
.700
.138
588
560
1, 369 '1,947
1, 253
1, 326
2, 403 2, 462
510
1, 893
1,049
2, 570
3 685
44, 036
536
2 819
35, 922
533
3 598
47, 166
593
15,339
1 862
12. 047
1 913
15, 889
1,644
3 64
42' 354
523
3 173
37 151
482
3 459
44. 353
602
1 5, 556
1 921
13,661
1 887
15,556
1 926
956. 4
p. 143
12, 880
15, 015
15,853
422.7
351. 7
347.9
2, 023
16, 098
16, 391
15,707
894.1
91 *>
23.716
14, 182
11,326
14,077
r
442.4
341. 5
323. 2
19, 756
15,710
90, 316
14,048
28 087
12, 452
1
89 2
69, 484
14,629
36,615
15,931
23, 647
15,484
841.
r
4,843
42, 893
10, 131
4,537
81,762
13, C66
4,270
27, 283
14,649
r
r
3, 283
35, 836
432
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value total 9
thous $
Calf and kip skins
thous skins
Cattle hides
thous hides
Imports:
Value total 9
thous $
Sheep and lamb skins
thous pieces
Croat and kid skins
do
Prices, wholesale (f.o.b. shipping point):
Calfskins packer heavy 9 1/ 2/151b
$ per Ib
Hides, steer, heavy, native, over 53 Ib _ _do
6 367
177
574
7 179
212
637
9 288
390
837
6 456
256
523
6 350
179
569
6 041
179
537
7 537
193
699
7,335
169
633
6 406
190
488
7, 194
139
594
7 357
201
611
7,844
148
808
5 886
2, 308
1 605
5,357
2,325
1, 228
7 304
5, 1 27
1 338
5, 860
3, 384
1 171
5. 892
2,618
1 341
6, 238
2, 756
1 736
6, 682
3,182
1,465
4, 396
1. 659
1.277
5, 576
2, 545
1,081
5. 139
1,923
1,115
4, 654
1, 126
1, 109
4,718
973
1,012
561
.139
v 631
p . 150
625
.143
6? 5
.143
650
.148
600
.143
. 650
.178
. 650
.178
.675
.163
650
.163
.675
.148
LEATHER
Production:
533
528
528
Calf and whole kip
thous. skins.
Cattle hide and side kip___tlious. hides and kips__ 1,831 '1,895 a r
l. /TO
1, 2^9
1 , 570
Goat and kid
_
__ _ -thous. skins
2 658
2 540
2 567
Sheen a n d lamb
do
Exports:
5, 244
2 879
6 892
Grlove and garment leather
thous SQ ft
3,449
4, 291
Upper and lining leather
do
5 611
Prices, wholesale:
.683
.703 P . 707
Sole, bends, light, f.o.b tannery
$perlb__
Upper, chrome calf, B and C grades, f.o.b. tan1.400
nery
.
$ p e r s q . f t _ _ 1.319 p 1.401
T
Revised.
p Preliminary.
1
2
Average based on 9 months (Apr.-DecJ.
Crop estimate for the year.
4
3 Dec. 1 estimate of 1961 crop.
Quarterly average.
^Datci formerly shown in mil. Ib.
r
496
556
r
1.871 ' 1,900
M.17? ' 1,410
2 473 3,008
5 158
4, 292
6,017
4,258
.690
.697
1.417
1.443
r
589
1,988
' I , 4 58
2 850
. 625
.159
341
581
567
492
558
r 1,535 f 2, 079 r 1,861 r 2, 020 r 1 , 900
r
r
1,311
} , 051 ' 1, 080 ••1, 148 M.?0o
3, 161
2,209
2,835
2, 635
2, 954
r
r
5, 504
4,336
5,040
4,241
5, 388
4,007
5. 509
4.270
6, 174
4,430
4,761
3,744
3, 659
3, 673
.697
.700
.735
.740
.740
.733
.720
P 700
p. 138
.717
.710
p. 713
1.387
1. 412
1.443
1.363
1.390
1.398
1.397 ' 1. 380 1.380 pi. 330
9 Includes data for items not shown separately.
a Revisions for Jan. and Feb. 1961: Cattle hide and side kip (thous. hides and kips)1,823; 1,791; goat and kid (thous. skins)—1,341; 1,069.
SURVEY OF CUEEENT BUSINESS
May 1962
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1981
1961
1960
Monthly
average
S-31
Mar.
Apr.
May
June
July
1962
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers:
Production total
thous pairs
49 870
Shoes, sandals, and play shoes, except athletic
thoms. pairs -._ 42, 589
Slippers for housewear
do _,
6,216
584
Athletic
do _„_
Other footwear
do
482
Exports
„„
- do
Prices, wholesale, f.o.b. factory:
Men's and boys' oxfords, dress, elk or side
upper, Goodyear welt
1957-59=100—
Women's oxfords, elk side upper, Goodyear
welt
1957-59—100-Women's pumps low-medium quality do
199
49 982
;
57 561
47 021
48 670
50 088
42 157
57 146
47 646
51 842
49 966
46 729
55, 828
53 411
58 898 •
42, 877
6 131
501
474
51, 597
4 915
573
476
41,244
4, 795
524
458
42,211
5, ?490
528
441
42, 554
6, 235
36, 778
4, 682
47, 612
8, 483
39,803
40,488
50, 408
47,901
468
583
5,165
548
473
553
523
4,472
502
446
4, 624
302
395
9 142
52, 217
5,631
695
604
38, 124 41, 059
8, 526 ; 9, 696
511
375
583
467
179
252
179
135
169
139
202
* 105. 8
444
552
502
585
184
210
198
160
106.5
105.5
105.5
105.5
105.5
105.5
105.5
105.5
105.5
105.5
105.5
105. 5
105.8
105.8
108.0
109. 3
108.1
110.2
108. 0
109.9
108. 0
109.9
108. 0
109.9
108.0
109.9
108.0
109.9
108.3
109. 9
108.3
109.9
108.3
110. 4
108. 3
111. 0
108.3
111.1
108.3
111.1
108. 3 *108.3
110. 9 v 111. 0
2,829
398
2,842
424
2,418
2,617
2,205
313
1,892
2,220
297
1, 923
2, 146
LUMBER AND MANUFACTURES
LUMBER— ALL TYPES
National Lumber Manufacturers Association:
Production, total}
mil. bd. ft_.
Hardwoods
_
_
-do
Softwoods
.
_- do
Shipments total}
Hardwoods
Softwoods
-.„
do
do
do
-
2,688
404
2,284
2,585
330
2,255
2,984
381
2,603
2,864
388
2,476
2 666
2 844
2 766
2, 392
384
2,382
3 036
2,251
7,912
1 897
6,015
8,089
2 008
6 081
7,909
1 954
5 955
2,874
513
2,361
2, $41
'• 2 803
505
2,298
:
Stocks (gross), mill, end of month, total}... .-do
7,880
1,916
Hardwoods
do
Softwoods
— . -do — 5,964
385
2,257
415
452
2,476
381
2, 095
3,047
377
2,670
2,431
2 905
2 563
3 010
2 784
2 497 "
2 624
2 587
2 393
2 099
2 259
'404
1 855
2 344
2, 159
438
2,346
2 814
2, 498
1 947
2 123
2 920
' 479
2 441
7,858
1 931
5,927
7, 817
1 912
5,905
7, 731
7, 766
1 889 1 841
5 842
5 925
7,810
1 £01
6 009
7,809
1 804
6 005
7, 883
1 797
6*086
7,828
1 706
6 122
7,539
1 606
5 933
7, 426
1 514
5 912
7,284
1 430
5 854
404
2,632
407
404
423
421
398
2,219
405
397
2,555
409
501
Exports, total sawmill products.
Imports, total sawmill products.
—-do
——do
72
327
64
355
62
340
56
335
87
438
68
397
61
406
73
431
66
372
66
398
70
348
64
274
80
284
54
351
SOFTWOODS
Douglas fir:}
Orders, new .
—_
Orders, unfilled, end of month
mil. bd ft
do
666
533
640
471
876
586
636
529
698
491
728
505
594
499
678
466
583
424
658
446
598
422
524
419
653
508
618
577
2,778
395
2 383
1,146
1, 159
661
694
757
736
723
714
1,126
1,149
537
600
7]1
711
638
625
1^127
1, 158
1,096
1,096
1,108
Exports, total sawmill products.
do
32
Sawed timber
do
17
Boards, planks, scantlings, etc
do ,.
15
Prices, wholesale:
Dimension, construction, dried, 2" x 4",. R. L.
$ per M bd. ft— 81.13
Flooring, O and better, F. G., 1" x 4", R. L.
$ per M bd. ft- 1130.03
Southern Pine:
Orders, newt
,
_
.mil. bd. ft..
517
191
Orders, unfilled, end of month
——do
23
10
12
29
11
17
21
8
14
24
13
10
26
13
13
20
9
11
22
10
12
23
12
11
Production
Shipments
Stocks (gross), mill, end of month
do
do
do— __
Production}
do
Shipments}.
.
do
Stocks (gross), mill and concentration yards, end
of month
mil. bd. ft—
Exports, total sawmill products.
_M bd. ft—
Sawed timber
do
Boards, planks, scantlings, etc
do
Prices, wholesale, (indexes):
Boards, No. 2 and better, 1" x 6", R. L.
1957-59=100—
Flooring, B and better, F. G., I" x 4", S. L.
1957-59=100' Western pine:
Orders, new}.
_
_
mil. bd. ft—
Orders, unfilled, end of month
do
Production}
_
Shipments}
Stocks (gross), mill, end of month}
Price, wholesale, Ponderosa, boards, No.
12" R. L. (6' and over)
$ per M
_do
do
do
3, I" x
bd. ft__
696
691
646
640
708
735
638
635
1,082
22
11
11
637
623
1,096
21
9
11
546
527
588
565
626
573
1,114
1,122
1 131
21
9
12
27
11
16
679
504
706
732
18
7
11
1 105
78.43
78.23
81.36
80. 01
79.42
79.52
79.90
78.95
76.85
76.66
75. 53 > 75. 23
76.18 P78.05
124. 21
125.64
126.06
125. 36
124. 05
124.05
123.01
122. 59
121. 74
121, 74
121. 92 r 120.18
119. 98 P120. 36
545
224
665
278
550
290
591
256
548
227
522
213
632
225
221
578 I
595
211
617
183
423
185
498
221
579
271
621
283
548
518
538
544
549
596
522
538
613
625
579
577
512
536
600
620
561
582
585
605
569
545
489
421
506
462
548
599
595
609
2, 047
7,794
1,962
5, 833
2,087
5,827
1,342
4,486
2,121
5, 242
2,105
5, 065
2,095
6,556
1,700
4,856
2,071
5,070
2,010
5,500
2, 034
5,650
780
4,870
2,102
7, 268
2 889
4,379
2, 146
4,892
1 389
3,503
2 165
8.924
1 381
7,543
2 151
768
4,302
2, 051
8,465
3,549
4,916
2.030
3, 902
4, 232
2, 093
7,342
1,116
6, 226
783
4, 459
833
905
3,057
904
4,596
99.0
92.7
91.8
93.0
93.3
93 2
93.1
93.2
93.3
93.3
93.2
92.7
93.7
93.6
?93. 9
97.4
95.3
95.4
95.3
95.7
95.7
95.2
95.0
95.2
95.2
95.0
95.0
94.3
94.3
* 94. 3
719
359
727
359
865
489
749
455
812
388
775
355
723
372
809
324
770
317
794
330
621
305
644
312
690
380
757
441
741
467 — — 705
747
724
671
722
843
780
732
1,976
1,914
1,878
1,851
1,877
858
777
2,043
806
782
2,067
636
1,974
942
8P'7
1,962
513
1, 957
2, 086
2, 026
1,768
1 707
74.86
69.63
69.72
69.89
73.37
73.77
72.14
68.81
68.88
66.83
66.03
65.74
64. 61
65.69 ?67. 37
725
728
695
784
879
807
706
664
645
577
637
621
697
715
1 697
HARDWOOD FLOORING AND PLYWOOD
Flooring:
Maple, beech, and birch:
Orders, new
mil. bd. ft—
Orders, unfilled, end of month
_do
Production
do. __
Shipments
do
Stocks (gross), mill, end of month__
do
Oak:
Orders, new
_
_ _ do. _
Orders, unfilled, end of month,..
_do
Production
do
Shipments _
__ _ _ do_
Stocks (gross), mill, end of month
do
r
Revised.
* Preliminary.
* Average for 9 months (Apr.-Dec.),
3.2
3.1
3.4
11.6
11.3
11.4
3.0
3.1
9.7
69.0
38.5
73. 2
70.6
95.6
3.1
3.0
8.7
64.2
35.6
65. 5
65.4
99.9
3.0
3.0
9.3
83.2
43.5
66.6
70.3
110. 3
3.8
12.5
2.8
2.7
3.4
12.8
3.1
3.5
3,2
12.0
3.1
12.0
2 8
30
2.6
2.2
7.8
3.7
7.8
10.9
34
2.9
11.0
37
10.6
3 4
33
10.5
32
2 6
10.0
28
26
59 3
34.3
58 6
62 1
95.8
77 3
36.8
75. 3
74 8
96.4
68 1
37.8
66.7
6R. 3
93.4
65 8
34.3
70 5
69 3
94.5
61 1
31.5
68 4
66 0
94.8
49 6
27.3
55 3
54 8
84. 7
Q 0
y. o
9.2
3.2
4.3
8.2
68.5
47.3
60.7
68.5
100.4
62.0
41.2
73.6
70.0
102. 3
63 9
35.4
70.8
70 6
99.3
3.2
2.9
8.1
8.2
8.6
9.1
2.9
10.5
30
2 3
9.8
57
35
60
53
100.
9
5
6
7
4
2.6
3.0
10.8
o g
2 4
10.0
11.1
2 8
2 6
10.2
65 5
43 g
57 7
57 2
98.3
6*5
49
64
g9
4
3
4
7
96.9
iRevisions for 1959-1960 appear on p. 24 of the Nov. 1961 SURVEY; revisions for 1948-1958
for stocks, all types of lumber, and for Western pine stocks are available upon request.
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
Monthly
average
May 1962
1962
1961
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfs. and
ferroalloys) :
Exports, total 9 d1
_ thous. sh. tons _ '1865 1,018
248
Steel mill products
do '_
166
' 1 598 810
Scrapcf
do
964
168
775
889
138
685
1,312
160
1,111
1,579
146
1,388
1,148
168
924
1,057
151
850
973
165
766
959
208
713
861
193
630
750
212
504
652
180
445
550
169
357
377
332
22
321
282
17
3,516
1,469
1,588
do
-do
-do _ _
340
280
15
329
262
21
249
211
20
274
235
22
321
266
17
351
277
18
359
300
11
378
307
3
377
269
36
423
335
32
504
357
34
350
292
24
thous. sh. tons__
-do
do
5,475
3,300
2, 175
5, 315
3,206
2,109
4,999
2,914
2,086
5,071
2,936
2,135
5,782
3,381
2,401
5,617
3, 365
2,252
4,958
3,016
1,943
5,623
3,466
2,157
5, 684
3,516
2,167
6,151
3,658
2,493
5,798
3,533
2,265
5,819
3,664
2, 155
Consumption, total
_ _ _ _ _ _do
Stocks consumers', end of mo..
do
Ore
Iron ore (operations in all U.S. districts) :
Mine productioncf
thous Ig. tons
Shipments from mines cf
-do _ _
Importscf
do
5,539
9,487
5,361
8,651
4,983
8,613
5,226
8,465
5, 974
8,293
5,530
8, 385
4,811
8,528
5,580
8,569
5,584
8,674
5,851
8,967
5,655
9,108
6,190
8,741
7.320
7,014
2,882
5,918
5,956
2,151
3,597
1,385
1,226
3,593
1,565
1,267
6,604
6,187
2,041
8,538
10, 035
2,186
7,876
10, 718
2,724
9,076
10,931
3,273
8,482
9,961
2,567
7,896
9,391
3,071
5,022
7,393
2,218
3,711 ' 3, 906
1,638
1,686
1,970
1,777
7,759 2,897
2,756
9.396
8,522 8,143 6,953 7,113
134
412
77
439
70, 604 '81,868 '81,206 78, 565
11, 407 '15,858 18, 674 20, 705
53, 350 r 59, 743 ' 55, 923 51, 474
6,609 6,386
5,846 6,267
7,139
8,313
372
77, 715
21, 167
50, 252
6,296
11, 302
8,545
763
78, 723
19, 589
53, 019
6,115
12, 681
8,518
662
80,005
16, 757
57, 292
5,956
13, 483
8,767
1,124
82, 718
14, 908
62,008
5,802
12,116
8,965
690
84, 407
13, 440
65,211
5,756
11,999
9,681
550
85,722
12, 107
67, 530
6,085
Imports, total 9 cf
Steel mill productscf
Scrap
-
_
_ -
239
Iron and Steel Scrap
Production and receipts, total
Home scrap produced
Purchased scrap received (net)
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
do
Consumption at iron and steel plants
do _
Exportscf
-do
Stocks, total, end of mo. d*
do
At mines cf
do
At furnace yards
-do
At U S docks
do
IVIan^anese (mn content) general imports cf do
9,560 4,080
9, 058 9, 532
362
66
84, 121 80, 570
9,755 11,865
68,031 62, 605
6, 335 •6,100
3,230
10, 316
131
75, 639
14.049
55, 572
6,018
3,139
9, 696
79
70, 932
16,093
49, 015
5,824
3,718
10, 623
42, 110
5, 316
99
86
78
47
142
64
92
63
68
93
83
130
75
105
5,556
5,552
5,393
5,483
4,514
4,634
4,680
4,839
5,646
5,864
5, 687
5,871
5,597
5,628
5,764
5,876
6,019
6, 105
6,330
6,327
6, 105
6, 051
6,400
6, 425
6,833
6,421
65.95
66. 00
66.50
65.95 65. 95
66. 00 » 66. 00
66. 50 » 66. 50
65.95
10, 353
125.5
9,698 >• 10, 584
130.1 ' 128. 3
9,229
115.6
Pig Iron and Iron Manufactures
Pig iron:
Production (excl. blast furnace production of ferroalloys)
thous sh. tons
Consumption
do
Stocks (consumers' and suppliers'), end of mo.
thous. sh. tons__
Prices:
Composite--—
$ per Ig. ton-Basic (furnace)
- -do
Foundry No 2 Northern
do
Castings, gray iron:
Orders, unfilled, for sale, end of mo.
thous. sh. tons__
Shipments totalc?1
do
For salecf
do
Castings, malleable iron:
Orders, unfilled, for sale, end of mo.
thous. sh. tons__
Shipments total
do
For sale
do
3,471
3,250
3,559
3,404
3,190
3,059
3,065
3,045
2,999
3, 057
3,147
3,183
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
739
966
534
653
902
514
652
856
497
645
869
504
651
982
572
666
1,027
606
679
804
474
686
932
572
685
947
567
649
1,031
594
636
990
529
672
922
470
73
68
39
56
60
36
45
58
34
48
56
31
52
68
40
52
67
40
66
42
27
63
65
41
59
53
35
59
66
39
62
71
40
66
68
37
8,273
101. 9
8,168
100.9
7,086
85.9
7,585
95.0
8,981
108.9
8,552
107.1
8,092
98.1
8,661
105.0
8,915
111.7
9,173
111.2
8,746
109.5
9, 569
116.0
231
116
89
153
101
78
144
107
83
147
94
71
157
103
79
151
109
84
152
77
57
157
102
80
148
103
80
156
108
82
156
109
83
169
115
88
317
106
79
274
98
73
262
96
70
264
96
70
262
105
78
259
108
80
280
72
54
281
97
72
283
99
74
282
110
84
282
110
82
308
104
78
7,106
Steel, Crude and Semimanufactures
Steel ingots and steel for castings:
Production
thous. sli. tons__
Index
1957-59=100-Steel castings:
Orders, unfilled, for sale, end cf mo.*
thous. sh. tons__
TT
<f 1
V f
1
-----
Steel forgings (for sale) :
Orders unfilled end of mo
Shipments total
do
do
Prices:
Composite, finished steel (carbon)
$ per lb__
Steel billets, rerolling, carbon, f.o.b. mill
$ per sh ton
Structural shapes (carbon), f.o.b. mill__.$ per lb__
Steel scrap, No. 1 heavy melting:
Composite (5 markets) §
$ per Ig ton
Pittsburgh district
do
340
114
85
356
118
83
.0698
.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
95. 00
.0617
95.00 » 95. 00
. 0617 » . Ofil7
32. 95
33.00
36.64
35.00
36.50
35.00
38.94
37.00
36.63
35.00
38.49
37.00
37.77
36.00
39.05
36.00
40.64
38.00
39.09
38.00
33.10
34.00
34. 10 ' 37. 67
36.00
39.00
36. 25 T 31. 99
38.00 » 33. 00
1,609
1,755
1,521
1,834
1,588
1,946
1,623
1,797
1,450
1,961
1,553
1,967
1,541
1,756
1,522
2,043
1,530
1,841
1,513
1,960
1,451
1,846
1,510
1,491
1,482
1,607 ' 1, 887 1,774
402
246
338
416
258
345
374
217
309
371
218
299
416
244
346
455
265
381
472
291
401
632
442
537
535
368
443
451
294
367
345
203
292
.0698
.0698
Steel, Manufactured Products
Barrels and drums, steel, heavy types (for sale) :
Orders unfilled end of mo
thous
Shipments
do
Cans (tinplafe), shipments (tons of metal consumed), total for sale and own use
thous. sh. tons..
Food
do
Steel products, net shipments:
Total (all grades)
Semifinished products
5,047 5, 133 6.048
5,929
5,510
217
212
195
171
235
377
437
438
384
395
478
458
488
496
511
do
83
83
84
70
105
do
1
Revision for Nov. 1960 (thous. tons): Exports—total,
thous. sh. tons__
do
Plates
Rails and accessories
r
Revised.
*> Preliminary.
1,006; scrap, 729.
91 Includes data not shown separately.
c? Scattered revisions for 1959^60 are available upon request.
343
200
289
5,787
5,121
6,139
5,787
6,906 6,626 7,699
6,058 6,046
6,134
272
287
260
276
204
241
289
158
325
221
403
424
404
437
426
402
392
378
473
440
608
495
544
567
590
451
612
720
648
489
62
61
56
64
94
63
136
102
67
94
*New series (Bureau of the Census). Monthly data prior to Aug. 1960 are available upon
request.
§Effeetive Jan. 1961, the composite reflects new weights; prices beginning Jan. 1961 are not
comparable with earlier prices.
©Revisions for Mar .-Sept. 1960 are shown in the Dec. 1961 SUEVEY.
SURVEY OF CUREENT BUSINESS
May 1962
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
| 1961
Monthly
average
S-33
1962
1961
Mar.
Apr.
May
June
July
Sept.
Aug.
Oct.
Nov.
Dec.
Jan.
Feb.
1,028
707
174
137
506
260
614
986
682
159
136
" 534
261
548
Mar.
Apr.
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel, Manufactured Products— Continued
Steel products, net shipments— Continued
Bars and tool steel, total
thous. sh. tons__
Bars' Hot rolled (incl. light shapes)
do
Reinforcing _ __
__
do__
Cold
finished
do
Pipe and tubing
_ _ __
_ do_ _
Wire and wire products
.do
Tin mill products
__
do_
Sheets and strip (incl. electrical), total _ _ d o
Sheets: Hot rolled
do
Cold rolled
do
Fabricated structural steel:
Orders new (net)
thous sh. tons
Shipments
do
Backlog, end of year or mo
do
884
576
185
115
588
248
503
2,4.17
666
1,206
299
322
839
532
204
98
589
253
510
2,147
585
1,013
343
318
758
471
189
91
544
251
528
1,825
491
847
296
292
800
470
237
88
566
266
524
1,889
520
885
309
319
904
572
220
105
647
301
609
2, 361
657
1,126
929
576
238
108
739
299
605
2,319
650
1,079
793
480
224
84
615
232
543
1,889
514
861
392
365
942
599
231
106
781
287
605
931
595
228
101
694
278
485
2, 387
662
1,089
2,336
632
1,065
938
594
228
108
632
282
430
2,423
639
1,145
904
586
200
110
495
244
405
2,411
637
1,163
868
601
151
108
448
216
357
2,564
693
1,294
3,080
846
1,555
2,903
783
1,406
1,164
823
179
152
657
313
691
3,219
871
1,566
2,723
2,392
2,378
2,458
298
361
2,415
456
287
2,517
2.378
2,729
2,566
2,707
2,723
2,596
2,487
276
289
221
327
2 481
167.9
158.6
127.3 0125. 6
152.0
28.0
144.6
30.0
157.5
34.0
159.1
34.0
164.7
28.0
167.0
36.0
159.6
32.0
167.3
36.0
164. 1
36.0
168.0
36.0
170.1
41 0
157.7
43.0
177.4
2,333
385
359
408
326
303
354
333
339
373
296
314
284
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous. sh. tons_.
Estimated recovery from scrap
do
Imports (general):
Metal and alloys, crude
do
Plates, sheets, etc
do
Exports, metal and alloys, crude
do
Stocks, primary (at reduction plants), end of mo.
thous. sh. tons_.
Price, primary ingot, 99.5% min
$ per Ib
Aluminum shipments:
Mill products and pig and ingot (net) |__mil. lb__
Mill products, total t --do
Plate and sheet (excl. foil)§
do
Castings
do__ _
Copper:
Production:
Mine, recoverable copper
thous. sh. tons__
Refinery, primary
do
From domestic ores
___do
From foreign ores
__ do
Secondary, recovered as refined
do
Imports (general):
Refined, unrefined, scrap©!
,
do
Refined.
__do~
Exports:
Refined, scrap, brass and bronze ingotst-do
Refined
do
Consumption, refined (by mills, etc.)
do
Stocks, refined, end of mo., total___
do
Fabricators'_
__ do- __
Price, bars, electrolytic (N.Y.)
$ perlb__
12.7
3.1
23.7
16.6
4.1
10.7
15.5
4.5
12.3
12 A
3.3
8.2
16.8
4.2
7.0
17.1
3.6
13.5
15.3
4.1
14.4
21.9
4.6
7.8
19.5
4.2
6.8
22 8
4.6
11 8
18 4
4 8
9 4
20 0
4 7
87
17 3
50
19 8
13 5
5 4
10 2
185.3
258.2
.2546
277.9
.2600
266.4
.2600
252.9
.2600
247.5
.2600
256.9
.2600
259.2
.2600
255. 4
255.6
.2400
240.3
2400
207.1
198.4
190.8
.2600
388.1
254.1
115. 7
62.6
' 403. 4 r 396. 7 ' 361. 5 r 425. 8
' 278. 7 r 281. 4 r 269. 1 '• 296. 3
124. 4 r 127. 3 r 123. 6 r 134. 8
62.5
60.3
63.3
63.5
r 424. 4
»• 305. 5
r 137. 4
64.4
' 375. 2 »• 426. 6
r 264. 2 *• 303. 6
r 120. 2
135. 0
48.6
65.1
.2550
r
416. 5 ' 440. 8 446.3
' 286. 8 294 2
298 3
126.8
127.3
129 9
62.6
72 6
70 8
2400
435.8 r 429. 4
271 3
115 8
73 7
296 9
133 9
79 8
170.7
2400
2400
429.5
292 3
134 3
73 9
96.6
129. 2
98.4
30.8
21.9
100.4
140.1
107.3
32.7
21.5
90.9
128. 7
102.3
26.4
24.2
102.4
137.8
106.1
31.7
25.8
98.9
138.1
107.6
30.5
24.9
89.6
119.3
88.9
30.4
18.4
83.6
128 9
96.0
32 9
20.4
97.9
118. 7
90.8
27.8
20.7
104.7
129 8
101 9
27 9
21 9
103.2
130 4
104 3
26 1
23 1
101.7
131 1
100 5
30 6
18 7
103.0
134 7
103 5
31 2
21 5
101.3
136 7
103 7
33 0
18 0
109.7
146 1
107 9
38 2
23 9
43.8
11.9
38.4
5.6
28.2
5.1
36.6
4.4
26.7
5.2
39.3
4.7
50.4
4.7
26.7
5 9
30.2
59
43 6
12 3
47 7
4 7
36 0
3 4
50 2
6 2
32 3
6 9
54 1
6°
51.3
36.1
114.6
174.3
98.0
48.7
36.0
124.0
187.7
105.1
77.4
60.7
122.4
213.1
92.9
51.9
36.4
121.2
194.6
100.9
55.4
38.6
141.8
182.3
98.9
49.3
31.4
147.2
165.6
98.3
46.8
29.3
82.6
197.1
135.3
29.6
19 9
142.5
192.7
121 6
30.0
23.4
138.5
167.3
108 2
32.2
25 9
138.9
162.3
108 0
30.5
25 3
137.1
159.1
102 9
53.4
37.6
38.4
46 9
31 9
31 7
115 2 p 134 0 •P 124 9
159.4 P 150. 5 p 157. 5
102 4 p 92 0 P 98 9
p 150 2
p 155. 7
•P 101 9
.3205
.2992
. 2860
.2860
.2998
.3060
.3060
.3060
.3060
470
380
216
517
388
212
448
361
195
Lead:
Production:
Mine, recoverable lead
thous. sh. tons_..
Secondary, estimated recoverable©
do—
Imports (general), ore©, metalt
do
Consumption, total___do
20.6
39.2
29.3
85.1
21.7
37.9
33.7
85.2
24.7
38.8
37.5
83.4
22.1
36.5
35.4
77.6
22.8
40.4
32.8
89.1
23.0
38.1
23.1
85.7
19.5
34.5
35.5
71.6
22.0
38.8
36.9
90.8
.3060
20.5
38.6
32.3
89.1
562
405
217
.3060
526
374
203
. 3060
r
20.9
42 2
37.1
92 3
20.0
40 7
40.6
89 7
.3060
.3060
.3060
22.5
'21.9
37 2
30.6
85 4
23.5
90 g
.3060
532
414
233
20.7
34 8
40.8
89 8
39.2
96 1
145.1
100.6
125.7
115.0
112.4
110.6
119 6
118 9
112 8
116 4
107 6
100 6
90 7
93 6
158.9
97.3
208.1
96.1
187.0
94.8
194.7
109.7
195.6
110.6
195.1
106.4
193. 8
109 9
190.0
110 2
189.7
107 7
193.1
106 6
204.9
106 5
208.1
96 1
207.2
200.0
46.7
.1195
38.6
.1087
41.0
.1100
39.5
.1100
39.6
.1100
41.2
.1100
44.2
.1100
45.3
.1100
43.3
.1100
42.8
.1100
39.4
.1020
38.6
.1025
40.3
.1003
743
3, 325
P 1, 850
319
2,261
1,900
230
1,373
1,785
1,815
220
6,410
Tin:
Imports (for consumption) :
Ore©
„
— Ig. tons-- 1,169
3,295
Bars, pigs, etc t
do
Estimated recovery from scrap, total©
do
1,800
As metal
_
do _
250
Consumption, pig, total
do
6,710
Primary
do
4,290
71
Exports, incl. reexports (metal)
do
Stocks pig (industrial) end of mo
do
22 750
Price, pig, Straits (N.Y.), prompt
$perlb__ 1.0140'
»245
v 6, 520
v 4, 140
67
22 630
1. 1327
6,490
3,990
305
20 645
1.0340
4,080
120
19 630
1. 0708
223
3,046
1,935
250
6,860
4,380
32
18 600
1. 1003
Zinc:
Mine production, recoverable zinc
thous. sh. tons36.3
38.9
39.2
43.2
39.6
Imports (general) :
Ores©J
__
___do
38.1
34.6
25.5
39.8
33.1
10.6
Metal (slab, blocks)
_
do
10.1
17.5
6.6
10.6
Consumption (recoverable zinc content) :
Ores©
do
7.4
7.1
6.8
6.6
5.9
16.1
Scrap, all types. _
do
18.2
18.5
16.9
19.3
r
l
Revised.
p Preliminary.
Recoverable aluminum content. Monthly data are
expressed in metallic content (incl. alloying constituents); aluminum content is about 93%
2
of metallic content.
Beginning July 1961, includes tonnage held by GSA.
§ Effective with the February 1962 SURVEY, figures for plate and sheet exclude shipments
2400
90.0
126.6
93.4
33.1
23.0
Copper-base mill and foundry products, shipments
(quarterly avg. or total):
Copper mill (brass mill) products
mil. Ib _
Copper wire mill products©
_ __do_ _
Brass and bronze foundry products
do
Stocks, end of year or mo.:
Producers', ore, base bullion, and in process©
(ABMS)
--thous. sh. tons
Refiners' (primary), refined and antimonial
thous. sh. tons—
Consumers 'cf
do
Scrap (lead-base, purchased), all consumers
thous. sh. tons__
Price, common grade (N.Y.)
$perlb__
2400
391
3,020
1,915
250
6,970
4,420
558
4,904
1,670
210
6,090
3,920
375
4,034
1,965
245
7,210
4,570
1, 446
3,929
1,795
255
6,480
4 245
16
319
5,030
2,005
240
6,895
577
4,204
1,960
285
6,880
1,346
3,628
1,795
305
6,340
93 7
29
101 3
37.2
.0958
1,930
2^0
.0950
.0950
1. 2212
1,038
1,818
1, 780
205
4,625
7,440
7,080
4 385
5
4 460
54
3 990
43
4 750
49
4 800
7
1. 2030
1. 2106
1. 2308
42.6
30
18 000
1. 1455
30
2
22 475
1. 1625
22
23 080
1. 1978
94 R7^
f)K
1. 2185
1. 2105
1. 2289
1. 2098
40.1
35.2
40.0
37.5
38.3
37.0
37.3
37.8
'36.7
41.0
10.9
31.8
7.4
37 0
10.4
26 7
14.4
39 9
14 4
41 3
10 2
39 4
11 4
30 3
14 5
36 9
11 2
7.1
21.1
58
14.7
63
18.2
7 Q
18.4
87
19! 6
7 6
19.8
74
18.2
r
86
'20.1
18.2
atjo
7 9
of foil; comparable data back to January 1954 are available upon request.
©Basic metal content.
J Scattered revisions for 1960-Feb. 1961 will be shown later,
cf Consumers' and secondary smelters' stocks of lead in refinery shapes and in copper-
SURVEY OF CUKKENT BUSINESS
S-34
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960 1 1961
Monthly
average
May 1962
1962
1961
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND PROD.— Con.
Zinc— Continued
Slab zinc:
Production (primary smelter), from domestic
and foreign ores
_ thous. sh. tons__
Secondary (redistilled) production
do
Consumption, fabricators'
. do
Exports
do
Stocks, end of year or mo.:
Producers', at smelter (AZI)
—do
Consumers'
do
Price, prime Western (St. Louis)
$perlb._
HEATING EQUIPMENT, EXC, ELECTRIC
Radiators and con vectors, cast iron:
Shipments
mil. sq. ft. radiation..
Stocks end of year or mo
do
Oil burners:
Shipments
thous .
Stocks en d of year or mo
do
Stoves and ranges, domestic cooking:
Shipments total (excl liquid-fuel types) ..do
Gascf
do
67.0
5.7
73.2
6.3
70.3
4.4
75.7
4.2
73.6
4 4
64.3
6 4
69.2
36
69.6
35
69.3
43
80 6
2 6
68.0
48
80 4
2 6
65.3
45
69.5
37
62.2
36
84.7
51
63 0
50
83 3
33
75.8
56
89.3
2 7
76.7
52
83.5
13
80.1
5.1
79. 3
3.5
78.4
55
91. 5
1i
74.4
4.9
85.2
41
188.0
67.8
. 1295
151.2
90.6
.1154
222.9
59.1
.1150
219.0
56.8
.1150
213.1
60.0
.1150
207.8
59.5
.1150
206.6
64.0
.1150
188.1
62.1
.1150
165.1
62.9
.1150
150.1
71.3
. 1.150
146. 4
81.6
.1150
151.2
90.6
. 1198
150.3
»-86.9
.1200
144.7
86.1
.1200
1.7
2.8
1.2
2.6
1.0
3.3
.9
3.7
.9
4.6
1.1
4.3
1.0
3.9
1.5
3.6
1.6
3.2
1.5
2.9
1.3
2.7
.9
2.6
1.1
2.5
1.1
2.6
42.8
45. 9
44.4
44.8
33.8
48.9
38.1
51.5
38.1
53.7
44 1
55. 4
35.9
54.4
62.6
50.9
55. 1
43.8
62. 4
41.8
46.1
41.4
37.4
44.8
31.2
49.9
32.3
52.2
151.8
148.5
155.8
152.5
154.3
150.8
138.9
136.0
164.2
161.5
170.2
167.2
117.6
114.4
187.4
183.6
190.1
185 8
189.7
184.9
164.6
159.7
148. 6
146.5
149.5
146.7
157.6
155.0
154.7
100.9
145.8
88.1
106.3
74.2
87.8
45.7
97.0
53.7
149.1
95.3
157.3
97.4
226.8
136.2
243.2
145. 3
290.3
177,5
167. 8
105.5
84.4
45.8
'86. 1
49. 6
81.6
43.9
104.8
78.9
208. 2
102.9
80.6
204. 7
80.7
63.8
241. 2
81.1
65.7
252.3
90.6
72.1
210. 7
107.2
86.6
173.7
104.2
83.5
160.1
129.0
99.1
201.3
149.4
112.0
182. 1
152.4
114.3
214.6
99.6
76.6
193.7
85.4
68.7
213.2
r86.8
'71.4
207.7
81.0
65.1
191.4
1 38 5
121 5
140.8
U5.7
41.1
13 8
118.8
96.9
99.1
1.3
2.9
1.0
2.6
1.0
2.6
.7
.3
1.4
6.1
122. 6
125. 7
137.0
109.8
461
470
385
380
394
499
393
426
1,885
1,639
1,914
41. 90
29.35
42.30
32.85
4,4
46,35
31.40
42. 30
28.60
5.0
mil. $__ 12.50
12.00
- do
4.2
months _
Stoves domestic heating shipments, total do.. .
Gasf
'
__. do
Warm-air furnaces (forced-air and gravity air-flow),
shipments totalf
thous.Gas
do
"W^ater heaters gas shipments
do
MACHINERY AND APPARATUS
Fans, blowers, and unit heaters, qtrly. totals: _
.rddib d,ii
^10
,
<p
Foundry
equipment (new) , new orders, net
mo avg shipments, 1947-49=100
Furnaces, industrial, new orders, net:
Electric processing
mil $
Fuel-fired (exc for hot rolling steel)
do
Material handling equipment (industrial), new
orders index
_ .1954=100.,
Industrial trucks (electric), shipments:
Hand (motorized)
. number
Rider-type
do
Industrial trucks and tractors (gasoline-powered),
shipments
. - number __
Machine tools:
Metal cutting tools:
Orders new (net), total Domestic
Domestic
Estimated backlog
Metal forming tools:
Orders new (net)
Shipments
Estimated backlog _-
..
-
mil. $__
do
do
months
.
Other machinery and equip., qtrly. shipments:
Construction machinery (selected types),
total 9 i
mil $
Tractors tracklaying total
do
Tractors wheel (con off-highway)
do
Tractor 'shovel loaders, integral units only
Tractors, wheel (excl. garden and contractors'
off -highway types)
mil $
Farm machines and equipment (selected types),
excl tractors
mil $
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), shipments
thous
Household electrical appliances:
Ranges (incl. built-in s), domestic and export
sales J
thous
Refrigerators and home freezers, output
1957=100.
Vacuum cleaners (standard type) , sales billed
thous. _
Washers, sales billed (dom. and export)O--do
41.8
17.7
144. 6
. 1200
. 1150
39.7
16.9
40 6
14 5
69.0
62.0
108.4
106. 9
77.7
86.8
153. 2
145.3
1.2
3.5
1.4
1.3
.9
3.3
1.2
1.1
1.4
1.6
.8
2.6
.9
2.1
1.9
5.8
1.4
2.6
136.5
175.5
130.7
113.3
120.8
125.0
113. 3
116. 3
130.7
132.6
385
372
427
376
395
393
388
385
377
349
495
370
272
292
336
383
333
327
1,892
1,952
1,844
1,753
1,667
1,735
1,987
1,031
54.90
40.80
42. 05
28.95
4.9
41.30
31.60
40.15
28.30
4.9
41.70
30.85
42.85
31.40
4.8
52.10
31. 50
46. 75
30.20
4.8
46.70
27.85
37.20
24.95
5.0
44.80
29.65
34.05
23.15
5.2
55. 65
34.05
41.20
27.10
5.7
47.30
28.55
45.15
28.35
5.7
51.95
39. 80
48. 10
32. 20
5.5
44.65
33.50
57. 25
39.55
4.8
42. 05
34.30
43.05
30. 65
4.8
r 33. 95 *45. 00
' 26. 30 *35. 55
r 42. 10 »55. 50
r30.15 *38. 45
^4.2
>-4.7
10.90
12.40
3.6
15.15
12.80
5.2
6.35
13.55
4.4
7.90
15.05
3.8
9.40
17.45
3.3
8.95
12.55
3.0
10.10
12.95
2.8
10.95
10.70
2.8
9.10
11.00
2.7
12.95
11.00
2.9
12. 60
13.55
2.8
16.70
10.25
3.3
IS. 15 i!8. 60
r
11. 95 ill. 85
24.4
••3.7
r
1251 5 !232. 2
i 67.5 r 159. 4
116.2 118.9
220. 5
56.7
16.1
217.2
219.4
2
30. 7
244.2
3, 410
*• 2, 466
1,770
130.3
133.6
156.7
115.2
101.5
130.8
1.0
1.5
r
357
^326
506
523
981 ' 1, 328 r 1, 278
2,185
284.8
70.9
24.6
248 5
70.5
21.3
180.3
44.8
13.5
46.5
i 55.6
54.9
64.2
56.9
i 89.4 »• 1107. 4
151.8
133.8
68.9
79.9
U86.2 i 181. 8
224.2
222.4
158.4
122.3
i 58.0
2,194
2,359
1,491
1, 334
1,695
2,037
2,093
2,688
2,811
124.6
3,215
2,855
3,010
147.4
r
127.5
142.8
123.7
126.6
139.3
100.1
122.9
144.8
122.3
130.9
111.8 p 115. 4
116.2
123.5
121.1
132.0
113.8
72.9
122.7
117.4
117.0
124.3
119.0
130.0
144.5
276.1
272.9
350.0
305.6
265.0
209.7
240.9
247.9
242.0
304.3
213.9
228.4
270.1
332.6
302.2
401.9
327. 6
321.9
300.8
286.2
269.9
252.4
301.0
263.9
304.5
289.6
330.2
334.0
1,796.4 1, 730. 8 U,845.2 1,350.6
620.8
583.0 3 580. 3 488.9
1,464.8
541.5
273.6
278.9
1, 427. 2 1, 447. 8 31,384.1 1, 124. 9 1, 196. 9 31,626.3 1,030.4
Radio sets production!
__ _ _ _ do
475.7 514.8 3 497. 5 405.8 470.4 3 615. 1 383.4
Television sets (incl. combination), prod.§_..do___
Electron tubes and semiconductors, factory sales
92.5
78.0
75.7
82.6
78.4
80.8
58.0
mil. $_
Insulating materials, sales billed, index
125
129
139
142
134
137
105
1947-49 =100_
Motors and generators:
152
1154
154
i 162
New orders index qtrly
do
New orders (gross) :
12.4
12.4
13.6
13.7
11.8
13.6
12.3
Polyphase induction motors, 1-200 hp__mil. $_
2.3
2.1
2.6
2.8
1.9
2.3
2.3
D C motors and generators 1-200 hp
do
r Revised.
» Preliminary.
i Quarterly average. 2 Data are for month shown.
3 Data cover 5 weeks.
cf Includes data for built-in gas fired oven-broiler units: shipments of cooking tops, not
included in figures above, totaled 24,400 and 25,600 units in Jan. and Feb. 1962.
t Revisions for gas heating stoves (Jan.-June 1960) and warm-air furnaces (Jan. 1959-June
I960) are available upon request.
©Beginning 1961, excludes new orders for gas-fired unit heaters and duct furnaces; revisions for 1960 are shown in the Apr. 1962 SUEVEY.
r
138.7
1,385.1 32,048.7
514.7 3 694.6
85.9
89. 5
80.0
79.5
76.0
72.9
73.1
135
146
150
149
157
154
13.5
2.4
12.1
2.8
11.1
1.7
12.3
2.5
11.2
2.4
»1 432 8
659. 3 * 512. 1
31,810.4
r3
160
11.8
2.2
r
11.9
2.3
155
85.9
153
9 Includes data not shown separately.
JRevisions for 1960 for construction machinery
appear in the July 1961 SUEVEY; for ranges, in the Feb. 1962 SUEVEY.
OData exclude sales of combination washer-drier machines; such sales (incl. exports)
totaled 5,700 units in Mar. 1962.
§Radio production comprises table, portable, auto, and clock models; television sets
exclude figures for color sets. Data for Mar., June, Sept., and Dec. 1961 and Mar. 1962
cover 5 weeks; other months, 4 weeks.
SURVEY OF CURRENT BUSINESS
May 1062
1960
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
Monthly
average
S-35
1962
1961
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan,
Feb.
1 519
C
159
98
Mar.
Apr.
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
thous. sh. tons__
Stocks in producers' yards, end of mo
do
Exports
_
_ _
do
Prices:
Retail, stove, composite
$ per sh. ton__
Wholesale, chestnut, f.o.b. mine-do
Bituminous:
Production
thous. sh. tons
Industrial consumption and retail deliveries,
total 9 -_
thous. sh. tons_
Electric power utilities
__
do
Mfg 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 9
~
thous. sh. tons__
Electric power utilities
do
Mfg. and mining industries, total
do
Oven-coke plants
do
Retail dealers
___ .
do
Exports
>
do
Prices:
Retail, composite
$persh. ton__
Wholesale:
Screenings, indust. use, f.o.b. mine
do
Domestic, large sizes, f.o.b. mine
do
COKE
Production:
Beehive..
_
Oven (byproduct)
Petroleum coke§
Stocks, end of month:
Oven-coke plants, total
At furnace plants
At merchant plants
Petroleum coke
Exports
1,568
315
120
1,484
198
129
1, 468
98
107
27.67
13. 948
28.14
13. 347
34, 626
c
1,447
247
95
1,372
178
159
1,202
173
93
1,565
253
142
1,423
293
151
1,636
297
141
1 532
276
224
1 404
233
200
1, 806
193
192
28.56
14. 420
28. 56
27.47
1 4. 420 11 970
27.47
11. 970
27.64
12. 460
27. 76
12, 460
27. 89
12. 950
28. 24
13 370
28. 24
13 370
28. 90
13 930
29. 08
13 930
33,333
30,240
29,463
34827
31,844
26,866
37,592
35 193
39022
37 820
34 812
37620 rS2 970 *>35 845
131,702 31, 202
14, 490 14, 969
U4,425 13, 857
1
6, 751 6,158
30 470
14 773
13 421
5,345
28, 423
13 500
12 969
5,495
28 443
13 574
13 587
6,206
27, 966
13 722
13 137
6,153
28, 241
14 201
12. 934
6,277
30, 626
15 336
13, 469
6,506
30 636
14 797
13' 562
6 628
33 367
15 352
15 052
7,069
34
15
15
6
37
17
16
7
2,534
2, 311
2, 273
1, 9C9
1,193
1,010
1,007
1,710
2,173
2,860
2,789
3, 645 : 4,593
3,541
3, 169
72,333
48, 244
23,216
11, 287
69, 127
47, 618
20, 971
9,682
67,893 70, 698 67,139
46, 937 48, 360 46, 951
20, 502 21, 788 19,597
9 852 9 931 8 496
69,653
48, 452
20, 276
8>936
70, 697
49, 371
20, 710
9 135
72, 612
50 268
21, 714
9 813
73, 851
50 421
22 808
10 454
71, 418 '•66,940
48 609 45 298
22 283 r21 184
9 779
10 393
64, 515
43 596
20 513
9 400
63, 211
42 194
20 715
9 394
302
1
1,197
153
12
65, 183 65,007
44, 627 45,017
20,158 19,640
9 551 9 332
021
734
399
992
1, 509 * 1,232
149
29.10
13 930 ^13 930
294 r39 437 ''34 475 35 771
007 r17 723 r 15 443 16 172
623 !7 120 !5 490 16 425
7 691
395 r 7 641 *• 7 046
693
538
398
350
454
550
591
625
616
630
622
526
458
406
3,045
2.915
1, 959
2, 537
3, 392
3, 401
2,775
3, 914
3 780
3, 716
3 202
2 565
1, 900
2, 421
17.06
17. 12
17 30
17.23
16.86
16.74
16.81
16.91
17 04
17.29
17 33
17 33
17.45
17 45
5. 018
7 209
5.018
7 256
5. 018
7 273
5.016
7.367
5. 016
7 470
5. 016
7 590
5. 013
7 690
r
5 013 5. 016
7 690 r 7 717
5.164 2 5. 018
7.690 7.541
5. 149 35.037
7 828 7 275
5.018 v 5. 018
7 717 j> 7 702
74
4,234
1,256
70
3 654
1 237
66
79
78
3 797 4 249
4 210
1 248 1 218 1*236
85
72
74
4 464
4 319
4 557
1 325 1 342 1 183
* 4, 152 r 4, 398
4 2, 947 3,030
1,205 1,370
1,064
1,159
29
37
4 697
3 285
1 412
1,025
41
4 726
3,256
1 470
1,102
23
4 572
3,094
1 478
1 112
41
4 358
2 928
1 430
1 111
27
4 354
2 884
1 470
1, 135
47
4 301
2,891
1 411
1 112
41
4 101
2 772
1 399
1 095
59
4 035
2 764
1 271
1 081
35
4 024
2 796
1 228
1 068
39
4 032
2 320
1 063
45
3 860 r 3 761
2*679 2 614
1 181 r 1 147
1 062 1 053
16
23
1,821
2.97
248.9
82
1,950
2.97
251 0
81
1, 643
2.97
234 6
78
2,050
2.97
249 0
80
1,734
2.97
239 6
80
1, 735
2.97
257 0
83
1, 824
2.97
262 1
85
1 676
2.97
239 3
80
1,859
2.97
253 5
82
2 031
2.97
246 1
82
1 956
2, 97
258 9
84
1 926
2. 97
265 3
86
1,553
2. 97
242 0
86
298.3
305.9
323.6
304.7
308.7
288.0
307.3
302.7
292 7
308.2
302 2
319 2
335 2
297 8
214.6
28.4
218.5
29.9
231.6
30.9
219.8
30.1
221.6
29.7
213.1
28.7
215.7
29.4
220.2
29.6
209 8
28 0
220.9
30.4
214 6
31 0
226 6
32 4
227 8
31 9
209 1
29 2
31.0
24.4
-2.5
31.8
25.7
3.4
33 3
27.9
14.8
27 0
27.9
24. 1
27.2
19.0
9.8
38 0
24 3
21.2
34 0
18.8
3.3
33 1
21 8
12.0
23.3
12.6
29 2
30 1
26 5
31 0
-12.9 —28.3
36 3
39 3
-37.1
31 6
27 9
-13.1
do
300.8
302.5
308.9
280.6
292.6
278.2
286.1
299.3
315 0
347 5
372.3
310 9
.3
5.9
294.6
126.0
11.0
.3
5.0
297.2
127.7
11.9
.3
5.1
303.4
126.6
11 7
.3
5.3
275.0
119.2
9.0
.2
5.7
286.7
137.2
9.2
.4
5.4
272.4
138.5
7.8
.2
4.8
281.2
137.4
92
.3
5.4
293.6
140.4
10.1
280 7
1
4 4
276.2
130 1
9 5
295.7
do
do
do
do
do
.2
5.2
290.3
128.8
12 1
4
5.0
309.6
128 4
13 8
3
4 7
342.6
125 8
17 8
1
47
367.5
121 4
21 1
1
50
305.8
109 2
16 0
do
do
do
57.1
46.6
8.6
57.8
45.0
8.7
66.4
50.9
88
53.3
46.1
8.1
44.3
39.6
10.6
37.0
31.6
8.5
39.2
39.3
80
40.8
38.4
9.7
41 2
36 5
10 2
48.0
43.0
8.4
64.1
48 3
84
87.7
5f 0
86
101.1
63 9
95
82 4
50 4
7 3
_.do
do
do
3.6
8.7
18.9
3.5
9.0
19.3
3.5
4 6
17.5
3.0
5.6
17.5
4.0
10.4
16.0
3.6
13.8
16.4
3.5
14 1
15.7
3.7
16.2
18.0
35
13 5
16 9
3.8
12 7
19.5
35
76
21.7
31
39
26.5
3.5
34
29.6
35
36
20 8
790.2 5 813. 8
248.0 249.4
35.9
28.4
513.9 6 529. 0
767.0
244.9
27.5
494.5
791.1
256.1
31.6
503.4
807.2
261.4
35.4
510.4
817. 0
261.1
38.2
517.8
832.2
257. 0
41 4
539.9
841.6
248.1
42 8
550. 7
853.6
251 0
44 4
558.2
866.2
251.1
44 2
570.9
853.3
248.7
41 7
563 0
825. 1
244.7
37.1
543.3
788.0
242 4
29 9
515.7
774.9
240 2
30 0
504.7
126.9
1.1
127.6
.7
127 6
.5
118.6
1.1
127.3
.6
123.2
1.1
135.1
.6
136. 5
.8
123 3
.9
130 6
.6
128 2
.9
134.9
.3
132 8
.4
118 9
4
188.9
12.7
189.5
13 3
209.5
14 2
208.4
14 2
198.9
14 5
183.7
13 9
182.5
13 3
178.5
13 1
173 3
11 7
173.9
13 1
174 0
12 8
184.2
11 7
195 6
205 7
.116
.117
.125
.125
.115
.125
.125
.115
.105
.095
.105
.115
.110
.098
p. 090
.210
.205
.201
.202
.202
.206
.214
.206
.205
.204
.204
.199
.199
thous. sh. tons..
do
do
do
do
-do
do
do
84
4,685
1,000
79
100
' 92
76
79
4 862
5 274
4 868
4 819
5 090
1 292 1 270 1 334 1 319 1 218
1 919
94
K
1 K-|
3 617
2 499
1 119
PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed
Price at wells (Okla.-Kansas)
Runs to stills
Refinery operating ratio
number..
.$ per bbl__
mil. bbl__
% of capacity..
All oils, supply, demand, and stocks :J
New supply, total..
_
mil. bbl_.
Production:
Crude petroleum
do
Natural-gas liquids, benzol, etc
do
Imports:
Crude petroleum
_•.
do
Refined products
do
Change in stocks, all oils (decrease, —)
do
Demand, total
_
Exports:
Crude petroleum
Refined products
Domestic demand, total9
Gasoline
„
Kerosene
Distillate fuel oil___
Residual fuel oil
Jet fuel
_
._„
Lubricants
Asphalt -.
Liquefied gases
Stocks, end of month, totalf
Crude petroleum
Natural-gas liquids
Refined products!
_„__„
.
do
do
do
do
Refined petroleum products:$
Gasoline (incl. aviation) :
Production
do
Exports
do
Stocks, end of month:
Finished gasoline
do_ ._
Unfinished gasoline ___ _
___do
Prices (excl. aviation) :
Wholesale, ref. (Okla., group 3)
$ per gal _
Retail (regular grade, excl. taxes), 55 cities
(1st of following mo.)
,_$ per gal__
1,874
2.97
246.0
83
33 6
23.9
16. 1
c
'Revised.
* Preliminary.
Corrected.
1
Revisions for Jan.-Sept. 1960 appear in the Dec. 1961 SUEVEY.
2 Average for Apr.Dee.
3 Data beginning Apr. 1961 are not entirely comparable with those for earlier periods;
Mar. 1961 price comparable with later data, $5.059 per sh. ton.
4 Revisions for Jan.-Aug. 1960 appear in the Nov. 1961 SUEVEY. 5 See note marked "1".
6
Beginning January 1962, data for unfinished gasoline are no longer shown separately,
but are included with unfinished oils.
.199
.201
(6)
9 Includes data not shown separately.
§Includes nonmarketable catalyst coke.
I Minor revisions for Jan. 1959-Nov. 1960 for various items will be shown later.
f Beginning Jan. 1961, data for the indicated items include stocks formerly excluded.
Dec. 1960 data on revised basis may be derived by adding to the published totals and individual stocks the following amounts (thous. bbls.): Jet fuel held by pipeline companies,
414; bulk terminal stocks—lubricants, 2,429; asphalt, 2,849; miscellaneous oils, 131.
SURVEY OF CUEEENT BUSINESS
S-36
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
May 1962
1961
Monthly
average
Mar.
Apr.
May
June
July
1962
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Befined petroleum products— Continued^
Aviation gasoline:
Production
mil. bbl
Exports
_ _ do _
Stocks end of month
do
Kerosene:
Production
do
Stocks end of month
do
Price, wholesale, bulk lots (N.Y. Harbor)
$per galDistillate fuel oil:
Production
mil. bbl
Imports
- -do_ __
Exports
do
Stocks end of month
_
do __
Price, wholesale (N.Y. Harbor, No. 2 fuel)
$ per gal
Eesidual fuel oil:
Production
mil. bbl
Imports
do _ _
Exports
_do
Stocks end of month
do
Price wholesale (Okla., No. 6)
_$ per bbl—
Jet fuel (military grade only):
Production
mil. bbl__
Stocks end of month
do
Lubricants:
Production
do
Export^
do
Stocks end of month
_do_ _
Price, wholesale, bright stock (midcontinent,
f o b Tulsa)
$ per gal
Asphalt:
Production
mil. bbl
Stocks end of month
do
Liquefied petroleum gases:
Production
do
Transfers from gasoline plants
do
Stocks (at plants, terminals, underground, and
Asphalt and tar products, shipments:
Asphalt roofing total
_ thous. squaresRoll roofin0" and cap sheet
do
Shingles all types
do _ _
A.sphplt siding
Insulated sidintr
Saturated felts
- do
do
thous. sh tons
9.5
.8
13 5
9.7
.6
11.7
9.6
.4
12 8
9 2
1.0
11 8
10 2
.4
12 3
9 4
.9
11 6
9.6
.5
10.7
10.8
.6
10 8
9.9
.7
10 6
99
.5
11 3
9.1
.8
11.1
10.0
.2
11.6
9 2
.3
10 9
9.2
.3
11.3
11 3
28.7
11.8
31.0
12 7
25.7
10 6
27.3
99
28.4
95
30.3
11.1
32.4
11.3
33.9
11 3
35.9
13 1
37.3
12.4
36.2
13.6
32.4
14 5
26.4
14.7
25.3
p. 110
.104
1.109
.115
.110
.105
.105
.105
.108
.108
.108
.108
.113
.113
.113
55.6
1.1
.8
127.9
58.0
1.3
.6
127.6
56.0
1.4
.4
88.0
49.9
.9
.6
85.0
52.9
.7
.8
93.6
52.5
1.0
.7
109.5
58.2
1.5
.6
129.6
61.2
1.1
.4
150.9
54.6
1.4
.3
165.4
59.9
1.2
.7
177.9
59.5
1.4
.6
174.2
63.7
2.4
.7
152.0
68.4
2.3
.8
121.0
61.2
.6
.7
100.0
.094
i .099
.105
.100
.095
.095
.095
.098
.098
.098
.098
.103
.103
.103
P. 100
27.7
19.4
1.5
43 4
1.69
26.3
19.6
1.2
r
45 8
1.58
27.4
22.8
1.3
40 9
1.80
25.0
22.9
1.3
41 8
1.65
26.6
16.6
1.6
44 1
1.60
23.3
12.3
1.1
47 4
1.45
25.8
16.9
.8
50 2
1.45
25.2
12.8
1.4
48 8
1.45
23.9
14.8
.9
50 3
1.45
25.1
17.4
1.2
49 0
1.45
25.7
21.0
1.0
46.7
1.45
30,0
24.1
1.3
44 9
1.55
30.4
31.0
1.2
41 6
1.55
26.5
22.9
1.6
39.5
1.65
»1.65
7.4
6.6
7.9
27.6
8.9
7.1
8.0
7.8
83
7.6
7.5
7.9
8.1
8.2
8.9
8.5
8.0
7.9
7.5
7.7
8.2
7.8
8.5
8.3
7.6
8.1
7.1
8.1
4.9
1.3
9.4
4.9
1.4
212.7
5.0
1.6
12.7
5.1
1.4
13.4
5.3
1.5
13.1
4.6
1.3
12.7
5.2
1.5
12.9
5.1
1.7
12.6
4.5
1.2
12.4
5.1
1.4
12.3
5.0
1.5
12.3
4.9
1.2
12.9
5.0
1.3
13.1
4.7
.9
13.4
.257
.260
.260
.260
.260
.260
.260
.260
.260
.260
.260
.260
.260
.260
8. 2
12.8
8.5
2
16.0
5.9
19.2
7.7
21.6
9.4
21.3
10.9
19.3
11.8
17.7
11.9
14.1
10.9
12.1
10.5
10.5
7.6
10.9
5.8
13.0
4.8
14.7
5.1
16.6
6.5
12.7
6.6
13.1
6.9
11.2
6.6
11.2
7.1
10.2
6.6
10.1
6.2
9.9
6.4
11.8
5.9
11.3
6.3
13.6
6.6
15.6
7.1
19.2
6.5
22.4
6.0
14.6
24 2
34.4
24 3
28.3
33 4
36.9
40.7
42.3
43.7
44 0
41.9
36.4
28.2
27.7
4,997
1,813
3,184
5,063
1,777
3,285
3, 834
1,446
2,388
4,709
1, 667
3,042
6, 517
2,139
4,378
7,266
2,320
4,947
5,867
2,069
3,798
6,880
2,465
4,415
7,087
2,497
4,590
7,376
2,564
4,812
4,408
1,557
2,851
3,143
1,174
1,969
5,119
1,771
3,348
2,531
903
1,628
5,812
1,583
4,229
73
94
82
72
84
78
65
73
60
62
78
69
75
98
89
76
108
108
73
105
78
90
125
96
95
105
102
107
112
109
85
76
74
51
43
62
75
32
97
36
38
48
62
59
78
r
c 3, 573 r 3, 793
3,677 r 3, 578
5, 522
5,270
3,830
3,834
5,467
729
481
795
479
2,273 r 2, 234
102
113
1,339 ' 1, 334
212
222
2,393
119
1,413
220
p. 260
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulp wood:
Receipts
Consumption
Stocks end of month
thous cords (128 cu. ft.) _
do
do _
3, 448
3,374
5,483
3,473
3,526
5,769
3, 516
3,599
6,169
3,170
3, 510
5,983
3, 357
3,664
5,424
3,465
3, 560
5,323
3,268
3,199
5,389
3,899
3,623
5,655
3,546
3,436
5,772
3, 855
3,851
5,820
3,498
3,731
5,521
3,258
3,379
5,495
Waste paper:
Consumption
Stocks end of month
thous sh tons
do
753
550
754
517
762
519
728
517
778
536
778
516
684
531
825
501
790
479
816
498
770
509
710
562
WOOD PULP
Production:
Total pll grades
thous sh. tons
Dissolvin0' and. special alphs
do
Sulfate °
do
Sulfite
do
2,110
95
1,216
215
2,206
100
1,290
215
2,245
107
1,311
221
2,177
97
1,278
225
2, 298
114
1,335
221
2,265
100
1, 326
222
1,990
80
1,166
179
2,305
97
1,347
217
2,158
82
1,288
195
2,415
118
1,414
230
2,363
106
1,402
226
2,093
106
1,201
206
-do __
do
do
274
100
209
268
105
229
275
104
227
256
104
218
281
117
230
266
119
234
256
102
207
278
120
245
254
108
230
282
116
256
274
105
251
257
89
234
274
99
226
275
93
218
289
110
242
do
do
do
do _
902
299
529
74
899
326
509
64
914
325
524
66
898
339
497
62
915
349
505
61
932
356
515
61
935
347
526
62
917
332
509
77
878
315
506
58
879
317
506
55
879
305
509
65
867
292
506
68
836
280
491
64
837
284
488
66
882
298
511
72
do
do
do
95
34
61
98
36
62
109
43
66
100
36
64
107
43
64
93
35
58
88
37
51
117
39
78
79
26
53
94
38
56
95
43
53
98
40
58
85
34
51
99
47
52
do
do
do
198
15
184
206
13
192
208
12
196
168
12
156
209
18
191
224
11
213
190
12
178
224
12
212
198
16
183
225
17
207
231
14
217
210
12
198
219
16
203
238
18
220
3,004
1,354
1,386
12
253
2,940
1,308
1,360
11
264
3,070
1,340
1,427
11
291
3,094
1,325
1, 453
13
303
3,290
1,446
1,528
10
305
S-35.
3,127
1,355
1,493
11
268
2,843
1,305
1,303
11
224
3,139
1,395
1,476
12
257
r 3, 013
r I, 326
Groundwood
Def^t)rated or exploded
Sodn semichem screenings etc
Stocks, end of month:
Total allirills
Pulp mills
Pape^1 and board mills
Nonpaper mills
Exoort^ all ^rade9 total
Dissolving" and SDecial alpha
All other
"
Imports all grades, total
l3issolvin°' and special alpha
All other
-
__
780
494
PAPER AND PAPER PRODUCTS
All paper and board mills, production:
2,872 2,981
Paper and board total
thous. sh. tons
1,284
1,319
Paper
do
1, 306
1,383
Paperboard
do
14
11
^Vct-mnchiTLe board
do -268
267
Construction naner and board
do —
r
c
Revised.
v Preliminary.
Corrected.
1
Prices beginning Jan. 1961 not strictly comparable with earlier
data.
2,697 3,177 3, 012
1,362
1,166
1,293
1,245
1, 485
1,429
11
11
8
277
319
280
2
See note marked "!" on p.
JSee similar note on p. S-35.
r
1, 436
7-
1
1
'245
3,257
1,436
1,533
12
276
Apr.
SURVEY OF CURRENT BUSINESS
May 1 6
92
Unless otherwise stated, statistics through I960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
S-37
1961
1961
Monthly
average
Mar.
Apr.
May
PULP,
June
July
1962
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
PRODUCTS—Continued
PAPER AND PAPi^, PRODUCTS— Con.
Paper, exc. building paper, newsprint, and paperboard (American Paper and Pulp Assoc.):
Orders, new 9 1
thous. sh. - tons.
Orders, unfilled, end of month 9 $. _ _ __do___.
926
682
960
653
1,118
p
962
678
955
641
972
659
873
650
971
648
945
661
1,064
664
691
978
639
948
644
1,147
1,176
1,147
1,159
1,162
1,003
1,172
1,134
936
951
959
1,144
976
839
959
940
1,264
1,024
1,180
940
974
958
153
164
90
157
98
158
91
150
86
145
91
156
88
148
74
159
76
157
75
149
69
T
84
'86
161
94
1,016
p
l 060
r
691
1
1, 213
';987
1
1
865
638
Productiont .
Shipments 9 $
Fine paper:
Orders new
Orders, unfilled, end of month
do
do
do
do
144
79
Production
Shipments
_
Printing paper:
Orders, new
Orders, unfilled, end of month
do
do
148
145
158
152
160
180
156
155
159
155
160
152
135
135
160
156
162
154
167
158
166
158
164
155
»• 163
'166
158
152
do
do
398
396
409
308
442
394
405
394
396
362
422
379
370
360
408
352
398
362
445
376
400
338
416
360
r 440
355
406
376
389
391
397
395
417
414
382
381
404
403
407
403
357
358
404
402
398
397
427
426
401
404
397
400
422
422
381
381
16.85
16. 95
16.95
16.95
16.95
16.95
16.95
16.95
16.95
324
161
334
154
345
138
341
143
339
144
345
153
303
152
340
158
335
170
382
184
348
176
320
161
^366
'189
298
166
do
do
333
325
332
330
336
339
339
338
340
334
341
341
296
296
338
335
319
322
368
368
349
347
329
337
'340
«-327
318
314
do
do
do
562
563
209
561
559
225
572
528
263
549
559
252
592
583
261
558
573
246
555
553
249
585
609
225
548
555
217
596
590
224
594
619
199
528
560
167
554
498
223
515
469
268
578
532
315
do
do
do
170
169
34
174
174
40
186
178
47
163
176
34
186
179
41
166
171
36
2169
2162
188
182
49
164
173
40
183
179
44
178
185
37
163
167
33
185
175
43
169
170
42
187
186
43
461
455
469
479
486
447
413
417
451
512
499
473
434
415
481
634
620
611
594
589
594
618
671
664
623
612
584
585
586
587
451
Imports _
_ _ _ _ _ _
do
Price, rolls, contract, delivered to principal ports
$ per sh ton 134. 40
455
463
421
512
484
446
465
449
461
507
456
446
394
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
134.40
134. 40
134.40
134.40
134. 40
134 40
1,383
461
1,394
1,454
441
1,444
1,304
421
1,346
1,462
448
1,483
1,409
427
1,450
1,237
472
1,202
1,470
571
1,443
1,499
522
1,540
1, 433
485
1,492
92
91
92
78
95
92
1,338
445
1,371
91
94
1,541
521
1,523
98
95
84
9,542
9,667
8,936
9,707
9,927
8, 570
11, 170
10, 541
10, 619
10, 052
8,977
124. 0
130.8
117.1
127.8
132.6
106.9
135.0
130.0
135.8
128.0
123. 1
_
_
Production
do
Shipments
do
Price, wholesale, book paper, "A" grade, English
finish, white, f.o.b. mill
$ per 100 lb__
Coarse paper:
Orders, new
thous. sh. tons
Orders, unfilled, end of month
do
Production
Shipments
Newsprint:
Canada (incl. Newfoundland):
Production _
Shipments from mills
Stocks at mills, end of month
United States:
Production
Shipments from mills
Stocks at mills, end of month __
Consumption by pubiisherscf — do_
Stocks at and in transit to publishers, end of
month cf
.
thous. sh. tons
922
Paperboard (National Paperboard Assoc.):
1, 322
Orders new
thous sh tons
427
Orders, unfilled, end of month
do
1,328
Production, total __
do
89
Percent of activity
Paper products:
Shipping containers, corrugated and solid fiber,
shipments
_ _ mil. sq. ft. surf. area__ 9,044
Folding paper boxes, shipments, index of physical
volume
1947-49=100. 124.0
.
16.95
16.95
243
169
16.95 "16.53
857
i 847
16.61
v 16. 61
134 40 Pl34 40
1 381 1 401
473
483
1,354
1,389
1 588
466
1,603
1 432
468
1,432
96
97
94
9,523
9, 036
11,145
r 118. 1
>• 115. 2
2>J25.9
36 18
69 59
32. 78
.282
39 63
69 52
91
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
thous Ig tons
Stocks, end of month
do
Imports, incl. latex and guayule
__do
Price, wholesale, smoked sheets (N.Y.)___$ perlb_.
39 92
78.48
34.23
.385
35.45
68.64
32.59
.296
Synthetic rubber:
Production
Consumption
Stocks, end of month
Exports
thous. Ig. tons__ 119. 70 3116.83
do
89 94
90.51
232. 02 243. 71
__do_
do
28.74
24.75
Keclaimed rubber:
Production..
Consumption
Stocks, end of month
__ __
do_
do
do
24.40
23.04
32. 02
33.21
69.02
24.58
.305
35.28
63.40
29.87
.325
35.88
67.87
34. 84
.300
30.02
70.22
34.24
.291
37.80
66.97
32.59
.300
36 96
63 81
29.29
.305
40 01
62.38
40.65
.295
38 13
63 07
36.71
.274
36 23
67.98
39 07
,278
112. 58 108. 45 * 112. 79
82 81
90 56
486 01
235. 63 < 251. 27 248. 87
22.94
23.50
27.98
107. 49
92 71
243.17
20.13
111.03
78 36
253. 44
21.92
114. 94
97 40
239. 84
27.87
116. 60
93 64
240. 87
22 90
133. 79
105 03
242. 94
24.72
129. 62
99 48
244. 89
24.42
138. 42
96 21
254. 31
27 92
127. 93
107 07
247 99
22 05
127. 17
95 85
255 02
24 43
138. 52
103 89
261. 84
21.32
20.74
31.59
25.12
21.98
32.60
19.11
17.30
33.27
22.50
20.59
33.04
20 59
20 30
31.83
23.44
22 21
31.69
19.47
20 79
30.03
21.62
19.86
30.35
25 14
23 21
30.54
22 30
21 01
30.27
24 38
22 64
30.89
34.91
72.36
28.74
.305
21. 82
20.56
32.70
21.71
20.58
32.11
23.32
21.99
31.66
40 47
69 74
41.46
. 280
.286
.289
TIRES AND TUBES
Pneumatic casings:
Production
f
thous
9,987
9 728
9, 250
8,882
9,604
9,919
8,881
10 345
9 893
11 150
10 329
10 483
11, 501
10 369
11 278
Shipments, total
Original equipment
Replacement equipment
Export
do
do
do
do_
9,975
3,350
6,482
143
9,859
2,838
6 908
114
9,166
2,448
6,595
123
10, 232
2,934
7,202
96
11,192
3,377
7,716
99
11, 709
3,123
8,473
113
9,598
2,023
7,490
84
10, 269
1,928
8,215
126
9,988
2,620
7,239
130
11 109
3,429
7 518
162
9,739
3, 841
5,789
109
9 176
3, 689
5 349
139
10, 977
3,534
7,333
110
9 036
3,227
5 680
129
10, 915
3,657
7,149
109
Stocks, end of month
Exports (Bur. of Census) _
do
do
26, 558
117
26, 128
81
29, 385
96
28, 033
85
26, 503
79
24, 800
76
24, 098
83
24, 127
79
24, 096
91
24, 195
85
24, 916
66
26, 367
76
26, 800
73
28, 109
64
28, 523
do
do
do
do
3, 415
3,399
10, 348
107
3 124
3,282
9,146
66
3,359
3,588
9,014
82
2,939
2,902
9,096
80
3,190
2,795
9,487
77
2,838
3, 323
8,948
58
2, 733
3,046
8,641
58
3 211
3,192
8,700
58
3,081
2,856
8,890
64
3, 560
3,435
9,096
76
3,232
2, 903
9,458
54
3,002
2,888
9,784
61
3,691
5, 367
8,062
81
3,605
3,679
8,131
50
4,009
3,582
8,714
Inner tubes:
Production
Shipments
Stocks, end of month __
Exports (Bur. of Census)
r
Revised, v Preliminary. 1 Data for indicated items exclude estimates for tissue and
miscellaneous papers. 2 includes Alaska and Hawaii beginning July 1961. 3 Based on
total including stereo and elastomers for the full year.
* Data for stereo and other elastomers (except polyurethane rubbers) are included
as follows: Production, beginning May 1961; consumption, Jan. 1961; stocks, Apr. 1961.
a Beginning Jan. 1962, on revised basis (cash discount deducted); not comparable with
earlier data. Jan. 1962 price on old basis, $16.95.
JMinor revisions for Jan.-Dec. 1960 will be shown later.
9 Data exclude estimates for "tissue paper."
d" As reported by publishers accounting for about 75 percent of total newsprint consumption in 1961. Alaska and Hawaii are represented beginning Jan. 1961.
SURVEY OF CUREENT BUSINESS
S-38
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
1961
Monthly
average
May 1962
Mar.
Apr.
May
June
July
1962
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar
Apr.
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Production, finished cement _
Percent of capacity
Shipments, finished cement
Stocks, end of month:
Finished
Clinker
_
thous. bbl__ 26, 588 26, 950 21,851
,_ _
75
59
74
thous. bbl__ 26, 244 ' 26 ,889 22, 148
do _
do
_
35,512
25, 532
26, 463 31, 102
84
74
24, 752 '31,312
31,594
88
34, 030
32 511
88
31, 980
33, 262
89
37, 376
31 474
87
33, 468
32 348
87
35, 681
27 625
77
25, 692
r
23 393 17 051
46
63
17, 485 13, 669
15 309
45
14, 477
36 343 39 792
19 531 24 758
40 624
28 956
35, 879
24, 984
38, 237
32, 250
39, 999
32, 380
39, 789
30, 999
37 346
28, 960
37, 889
26, 189
33 768
21,958
31 785
18 704
28 437
16 204
30 382
16 913
541.8 ' 533. 6
40.7
36.4
154.5 r 144. 7
483.2
37.4
128.0
535.6
40.6
147.6
625.3
40.7
165.9
640.4
38.3
178.7
606.5
37.2
161.2
665.4
39.9
180.7
594.2
36.4
165.6
646.8
41.1
174.4
551.8
37.1
132.8
389.7
29.1
96.1
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil. standard brick. _
Structural tile, except facing
thous. sh . 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. sq. ft__
Price index, brick (common), f.o.b. plant or N.Y.
dock
1957-59=100,.
r 319.0
' 28. 4
'81.6
358. 8
27.8
88.1
33.9
35.5
34.8
33.3
39.1
39.8
37.4
40.4
35.9
39.4
37.7
29.2
r
19. 4
18.9
19.1
18.0
20.0
21.0
18.1
22.6
20.6
20.8
20.0
16.5
' 17.8
17.7
103. 5
103.8
103.6
103. 6
103.6
103.5
103.5
103. 6
103.9
104.2
104.1
104. 1
104.2
104.9
105.1
Flat glass, mfrs.' shipments (qtrly. total and qtrly.
average)
_
thous. $_ °70,482
«26,619
Sheet (window) glass shipments
do
Plate and other flat glass, shipments
do , 43, 863
65, 120
27 743
37, 377
59, 906
22 333
37, 573
Glass containers:
Production
26. 5
23.2
GLASS AND GLASS PRODUCTS
60, 996
26 204
34, 792
71, 869
31 803
40, 066
67 709
30 631
37 078
thous. gross.- 13, 358
13, 959
15,171
13,538
14, 127
15, 243
14, 644
16, 521
13, 815
14, 808
12, 859
11,972
13, 482
13,103
14, 480
Shipments, domestic, total
do __ 12, 890
General-use food:
Narrow-neck food
do _ - 1,469
Wide-mouth food (incl. packers' tumblers,
3, 698
jelly glasses and fruit jars)
thous gross
13,659
17, 472
10, 951
13, 547
15, 684
13,018
17, 939
13, 636
13, 927
12, 904
12,178
12, 623
11, 905
13, 975
1,492
2,161
1,128
1,186
1,402
1,311
2,515
2,341
1,421
1,190
1,016
1,163
1,173
1,396
3,919
4,809
2,687
3,423
4,051
3,889
5,456
4,154
4, 287
3,928
3,657
3,859
3,559
3,886
do
do __
do
958
1,376
1, 243
1, 006
1, 803
1, 287
1,068
2, 338
1, 422
950
1,586
1,151
1,310
2,309
1, 243
1,756
3,189
1,360
1,269
1,979
1, 045
1,048
2, 113
1,456
749
1,515
1, 257
776
1,464
1, 655
814
1,380
1,397
1,131
1,512
1,173
745
1,492
1,164
859
1,354
1,122
1,169
1,939
1,377
Medicinal and toilet
do
Chemical, household and industrial- - - do _Dairy products
do
2,901
1,095
151
2, 992
1,016
142
4,039
1,434
201
2,385
972
92
2,994
985
97
2,761
1,047
118
2,483
928
114
3,941
1,220
190
2,564
893
163
3,148
1, 026
150
3, 122
929
144
2,803
737
149
3,219
842
139
2,964
764
110
3, 277
811
120
20,705
21,463
19, 410
21, 777
22, 273
21, 657
23,070
21, 529
21, 225
21, 871
21, 526
20, 976
21,789 22,779
23, 066
1,326
"2, 456
1, 242
2, 378
850
2 003
1,455
2 499
1,422
2,605
1,240
2,404
2 148
2,062
1 732
2 178
2,282
2, 055
o 925
71
992
65
743
65
997
64
1,179
65
1,049
65
299
299
250
263
203
222
276
277
281
303
240
250
411.6 360.0
477.6
1,458 6 1,483 9 1,209 8
43 4
59 4
56 4
438.9
1, 545. 9
64 2
466.9
1,651.4
63.8
380.6
1, 528. 5
54.0
14,678
13,958
14, 952
__ „ .
Beverage
Beer bottles
Liquor and wine
«
-
Stocks, end of month ..
,.
do
GYPSUM AND PRODUCTS
Crude gypsum, qtrly. avg. or total:
Imports
thous sh tons
Production,
do
Calcined production Qtrly avg or total
do
Gypsum products sold or used, qtrly. avg. or total:
TJncalcined uses
thous sh tons
Industrial uses
do
Building uses:
Plasters:
Base-coat
do
All other (incl Keene's cement)
do
Lath
Wallboard
All other §
mil sq ft
da
do
*
TEXTILE PRODUCTS
APPAREL
Hosiery shipments
Men's apparel, cuttings: fc?
Tailored garments:
Suits
Overcoats and topcoats
thous doz psirs
thous units
do
Coats (separate) dress and sport
do
Trousers (separate), dress and sport
do
Shirts (woven fabrics), dress and sport-thous. doz.
Work clothing:
Dungarees and waistband overalls
do
Shirts
__
do
Women's, misses', juniors' outerwear, cuttings:c?
Coats
thous units
Dresses
do
Suits
do
12,600 '14,008 ' 2 14,857 r 11, 811 '12,773 '14,837 '12,297 '17,441 '14,628 '16,114 '15,618 '12,267
1, 786
435
1, 594 11,795
375
1225
1,580
344
1,620 1 1, 550
1545
504
936
456
1,788 1 1, 585
1470
676
1,744 1 1, 835
1345
360
1, 696 11,880
244
i 200
1,688
212
841
8,262
1,942
958
1950
7,465 17,780
1,872 11,970
940
7,312
1,592
1965
1,040
8 r 096 18,135
1,768 11,975
544
6,368
1, 432
1820
964
8,960 i 7,615
2, 012 1 1,935
1,076 1 1, 160
7,936 17,445
2,020 i 2, 285
1,112 i 1, 335
7,016 i 8, 160
1, 984 i 2, 155
1,116
8,596
2,136
231
284
301
1280
1350
264
304
308
296
1280
1285
236
236
340
324
1320
1330
320
320
i 310
i 350
1,952
1,963
20,888 ' 21, 540
820
809
2,137
28,968
1,068
696
26, 512
499
1,077
24, 792
397
1,986
21,867
843
2,081
17, 188
1,004
2,835
21,759
1,035
2, 155
17,642
582
2, 576
21, 448
660
2,467
20,922
768
304 :
1,340 1,669 1,565 1,368
1,288
Waists blouses and sMrts
thous doz
712
760
708
889
753
Skirts
do
r Revised .
i Data cover a 5-week period .
2 Revisions for Jan. and Feb. 1961, respectively ( thous. d(3z. pairs) : 12,376; 13,074. « Revisions for 1960 are shown in the Apr. 1962 SURVEY.
264
288
i 305
i 295
296
324
1,658 1,877
2,271
16,848 19, 958 21/281
1, 097
1, 119
682
1,454
1,003 1,298
1,215
1,161
1,413
1,388
1,335
1,321
581
854
412
607
612
654
855
712
738
§Co mprises £ heathin**, formbc ard, and laminat ed boardI
IDa ta for M [ar., Jun e, Sept. jind Nov . 1961 and Jan. 1£ 62 cover 5 weeks other months, 4
c? Revisions for Jan. 1959-Aug. 1960 are available upon request.
SURVEY OF CURRENT BUSINESS
May 1962
1960
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
Monthly
average
S-39
1962
1961
Mar.
Apr.
May
June
July
Aug.
Sept,
Oct.
Nov.
8676
11, 698
Dec.
Jan,
Feb.
Mar.
Apr.
TEXTILE PRODUCTS—Continued
COTTON
Cotton (exclusive of linters):
Production:
Ginnings§
thous. running bales 1 14, 265 '•114,325
Crop estimate, equivalent 500-lb. bales
thous. bales _._ 1 14, 272 ^14,318
228
4
4
711
725
795
Consumption^ |
do
646
667
822
Stocks in the United States, end of mo.,
•-13,411 '11,166 ' 9, 954 ' 8, 913 '7,855
totalj
_ _ _ _
do__, . '14, 447
'14,376 '13,337 '11,109 ' 9, 903 " 8, 863 ' 7, 810
Domestic cotton, total
, do
'903
'611
'423
' 3, 698 '3,789
'470
On farms and in transi t
do
9,159
7, 737
8, 252
7,256 6, 347
5,434
Public storage and compresses
__do_
1,520
1,811 1, 954
2,036 2,046
1,953
Consuming establishments..
do
70
74
52
57
50
45
Foreign cotton, total
do
628
12
30.1
31.4
533
14
31.0
32.2
113
134
543
109
130
544
Spindle activity (cotton system spindles) :fj
Active spindles, last working day, total thous
Consuming 100 percent cotton
_ .. _ do
19, 268
17, 589
19, 033
17, 327
Spindle hours operated, all fibers, total „
mil
Average per working day
__ _ _ d o _ _
Consuming 100 percent cotton
do
10, 039
464
9,190
Exports
Imports!
_ Prices (farm), American upland
cents
Prices, middling I", avg. 14 markets
Cotton linters:
Consumption! J
Production
Stocks, end of mot - --
do
do
per lb__
--do
thous bales
do
do
690
7,171
7,130
490
4,754
1,886
41
4
4
875
2
12, 622 3 14 006
716
19, 920
19, 825
13, 821
4, 216
1,788
95
18, 806
18, 701
12,231
4,870
1,600
105
18,003
17, 894
7, 865
8,489
1,540
109
304
1
31.4
32.6
644
98
32.6
33.1
322
24
32.8
33.4
301
7
33.9
33.6
402
2
33.1
33.6
131
50
514
76
39
468
104
43
385
<124
105
357
111
222
429
130
231
519
109
187
559
18,966
17, 297
18, 992
17,279
19, 065
17, 270
19,102
17,344
19,089
17,313
19, 017
17, 205
19, 009
17, 181
9,312 411,259
466
450
8,514 * 10, 263
7,530
376
6, 798
9,685 4 11, 872
475
484
8,782 410,753
8, 875
444
8,019
.665
.941
. 665
.953
.665
.968
4
537
3
31.8
33.6
387
6
30.7
31.8
116
138
687
106
114
668
107
84
602
19, 058
17, 430
19, 008
17, 360
19, 000
17,346
9,804 411,196
452
448
8,928 410,253
9,096
455
8,330
4
537
2,683
847
585
14
30.6
31.4
841
3
28.9
31.1
686
248
9
30.9
32.2
4
16,634 15, 447
16, 534 15, 354
4, 192 1,932
10, 671 11, 664
1,671 1, 758
100
93
717
730
14, 042 13,313
13, 958 13, 232
759
948 -•
11,079 10, 407
1,931 2,066
84
81
664
11,929
11, 854
868
382
5
30. 4
33.6
333
9, 385
2,136
75
396
5
29. 1
33.7
29.4
33. 8
129
194
623
105
174
660
156
691
18, 971
17, 120
18, 990
17,127
18, 978
17, 105
11, 661
466
10, 513
9, 574
479
8, 615
9, 597
4
31.8
33.8
111
COTTON MANUFACTURES
Cotton yarn, natural stock, on cones or tubes:
Prices, f,o.b. mill:
20/2 carded weaving
$ per Ib
36/2 combed, knitting
do
.665
.938
.634
.911
2, 341
2,289
2, 253
13. 6
Cotton cloth:
Cotton broadwoven goods over 12" in width:
Production qtrly avg or total
mil lin yd
Orders, unfilled, end of mo., as compared with
avg weekly production
No weeks' prod
Inventories, end of mo., as compared with avg.
weekly production
No weeks' prod
.647
.926
11. 8
4.5
5.5 !
4
9, 550 1.1 ,579
463
478
8, 658 410,525
4
4
480
8,622
.641
.924
.641
.929
11. 4
15. 2
12. 3
12.2
11.5
11.2
11. 9
10.8
12.3
5.6
5.7
7.0
5.2
5.0
4.8
4.8
5.0
5.0
4.9
34, 323
20,764
39, 971
14,338
26, 837
16,934
43, 967
22, 219
40, 833
17,026
40, 518 39, 726
21, 280 23,366
39, 648
34, 281
48, 690
41, 140
23.68
23. 51
23.43
23.94
24.62
24. 97
24.99
24.96
24.85
24. 94
25.09
38.3
15.0
15.9
38.3
15.0
15.9
38.3
15.0
15.9
38.3
15.3
16.3
38.3
15.3
16.5
38.3
15.3
16.8
38.3
15.3
16.8
38.3
15. 3
16.8
38,3
15.3
'17.0
38.3
15.1
17.0
J>39. 6
P15.5
*>17. 0
« 64. 1
« 42. 1
5 59. 6
5
65. 0
.« 41 1
.641
.911
.641
.914
11. 9
11.6
11. 6
5.8
5.7
43, 913
20,^868
38, 461
16, 477
.641
. 916
.660
.934
2,200
2, 310
'.670
.958
. 670 » . 670
.958
P. 955
2,393
11.9
4.8
thous sq yd
do
36, 584
37,908
39, 117
21,208
Mill marginst
cents per Ib
Prices, wholesale:
Denim, white back, 10 oz./sq. yd.
cents per yd
Print cloth, 39 inch, 68 x 72 do
Sheeting class B 40-inch 48 x 44-48 do
29.89
24. 49
24. 32
24. 00 !
38. 2
17.4
17. 2
38. 3
15.1
16. 3
38. 3
15. 0
16. 0
38.3
15.0
15.9
455.7
163.6
78.5
169 3
482J9
160.4
100. !2
185. 6
440.4
148.2
90. 0
170 5
467.7
154.6
92.5
188 7
495.0
160.7
103. 1
188 8
528.5
178. 2
115. Q
194 5
44 3
36. 7
31 7
31 9
42 4
40 8
6, 607
3,620
7,018
3,834
6,461
4, 036
8,046
3, 370
6,444
3,261
4, 427
5,216
7,059
4, 216
5,412
4,035
6,076
3, 250
7,405
4,552
8,230
4,274
10, 574
3,734
8,506
3,329
7,453
4, 633
399
5,128
541
3,190
490
2,872
527
2,277
504
1,870
519
2,629
599
2,045
541
2,695
777
2,591
663
4,886
757
5,606
400
4,414
677
4,910
7,715
63.4
56, 1
56.4
53.5
57.8
61.3
58.4
61.3
59., 9
57.0
60. 8
56. 3
63. 1
58. 6
59.1
55.3
52.3
51.2
48.6
43.4
45.9
40.3
47.8
41. 4
47.4
42. 8
48.0
45.4
51. 4
49 5
.82
.29
.82
.26
.82
.27
.82
.27
.82
.26
.82
.26
.82
.26
.82
.26
.82
.26
.82
.26
.82
.27
.82
.26
.82
.27
.82
.27
p .82
P . 27
594. 2
358.6
78.5
106.2
594.2
364.8
64.1
111. 3
571. 7
341. 6
65.6
117.2
12,871
11, 557
13, 410
Exports!
Imports!
25.38
MANMADE FIBERS AND MANUFACTURES
Fiber production qtrly avg or total
mil -Ib
Filament yarn (rayon and acetate)
do .,
Staple incl tow (rayon)
do
Noncellulosic (nylon acrylic pTotein etc ) do
Textile glass fiber (exc. blown glass wool and
pack)
mil Ib
Exports:
Yarns and raonofilamentsj,
__ thous. lb__
Staple, tow, and tops,
_., _ _
_ do -_„
Imports:
Yarns and monofilamentst
do
Staple, tow, and tops*
_ ._ _ do ._.
Stocks^ producers', end of mo.:
Filament yarn (rayon and acetate),
Staple, incl. tow (rayon)
mil. Ib—
do
Prices, rayon (viscose) :
Yarn, filament. 150 denier. ..
Starjle, 1.5 denier
:$ per lb_do __
Manmade fiber broadwoven fabrics:
Production qtrly avg or totalt$ mil lin yd
Rayon and acetate (exol tire fabric)
do
Nylon and chieflv nylon mixtures
do
Polyester and chiefly polyester blends* do
,575. 5
354. 9
63.5
102.4
11,334
539 8
665
........
637. 7
391. 7
65.9
123.5
591.9
371.1
61.6
102. 2
11, 188
10, 046
9. 532
10, 758
11,614
13,207
12, 297
13, 063
10,475
11,096
557
522
449
573
566
Imports, raw
__ _ _. thous. lb_.
5.20
5.12
5.09
4.60
5.20
Price, raw, AA, 20-22 denier
_.$ per Ib—
Production, fabric, qtrly. avg. or total
thous. lin. yd_- 6,791 5, 891 5,781
' Revised. *> Preliminary. 1 Total crop for year. 2 Ginnings to Dec. 13. 3 Ginnings
to Jan. 15.
4 Data cover a 5-week period.
* Data are for month shown.
§Total ginnmgs to end of month indicated, except as noted.
1 Data for Mar., June, Sept. and Nov. 1961 and Jan. 1962 cover 5-week periods; other
months, 4 weeks.
540
5.18
419
5.21
759
5.44
524
5.38
541
5.25
715
5.24
802
5. 08
389
5.08
5.22
Exports, piece goods
thous,. sq. yd
SILK
688
#5.42
5,309
6,738
4736
^Scattered revisions for 1959-60 are available upon request.
f Revised series. See note in the Sept. 1961 SURVEY; data for Aug. 1957-June 1960 are
available upon request,
9Includes data not shown separately, *New series (Bureau of Census); data for
1954-60 are available upon request.
SURVEY OF CUEEENT BUSINESS
S-40
1981
1960
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
May 1962
1962
1961
Monthly
average
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
TEXTILE PRODUCTS-Continued
WOOL
Wool consumption, mill (clean basis) :? t
20, 356
Apparel class
thous. Ib
Carpet class
__ .
_
__
do_ _. 13, 555
Wool imports, clean content
_.
-do _. 19, 597
8,202
Apparel class, clean content
__ _
do
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
Graded territory,
fine
$ per lb_.. 1. 165
Graded fleece, $& blood
do
1.070
1.166
Australian, 64s, 70s, good topmaking
do
22, 799 1 27, 206 19, 107
10,641 i 12, 925 9,294
20, 851 20, 490 24, 648
10, 238 10, 134 12, 223
21, 907 i1 22 598
12, 254 11, 954
21, 079 24, 430
10, Oil 11, 904
20, 144
10, 198
22, 706
12, 078
1.125
.975
1.075
1.150
.992
1.100
1.210
1.020
1.125
94.2
99.2
1.184
1.032
1.110
22 430 1
125 723 21, 709 1 26, 491
13, 146 1 5 029 13, 876 1 14, 629
19, 442 20, 492 25, 039 17, 219
8 357
8 962
9,690
9 564
1.200
1.022
1.125
1. 201
1.010
1.125
1.228
1 052
1. 125
99.2
99.2
99.2
1.230
1 075
1 125
1.208
1 075
1.125
1.200
1 075
1. 125
98.0
96.7
96.7
19, 902
11,811
17, 114
10 159
125,609
114,085
23, 982
16, 299
22, 740
11, 387
22, 747
15 409
23, 523
11, 159
1.200
1.075
1.125
1.200
1 075
1 125
1.200
1 075
1 125
1.200
1 075
1 125
95. 5
96.7
99.2
99.2
94.6
95.2
94.6
95.2
94.6
95.2
1.224
1 075
1 125
WOOL MANUFACTURES
Knitting yarn, worsted. 2/20s-50s/56s Bradford
100.6
system wholesale price
1957-59=100
Woolen and worsted woven goods, exc. felts: _
Production, qtrly avg or total
thous lin. yd 71,614
70,189
Apparel fabrics, total
do
40, 668
Women's and children's
do
Prices, wholesale, suiting, f.o.b. mill:
96.7
Flannel men's and boy's
1957-59 =100__
96.8
Gabardine women's and children's
do
96.7
93.0
71, 140
69, 655
42, 615
62, 888
61, 758
35, 821
93.8
95.2
93.8
95.2
78, 479
77, 232
46, 270
93.8
95.2
93.0
95.2
93.0
95.2
74 311
72, 830
47 548
93.0
95.2
93.0
95.2
94.6
95.2
68, 884
66, 800
40, 820
94.6
95.2
94.6
95.2
94.6
95.2
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLESA
Backlog of orders, end of year or qtr 9
do
U S Government
do
Aircraft (complete) and parts
do
Engines (aircraft) and parts
do
Missiles, space vehicle systems, engines, propulsion units, and parts
mil. $
Other related operations (conversions, modifications) products, services
mil $
r
3, 353
r 2, 455
T
3, 098
3,525
2,708
3,115
3,726
3,064
3,396
3, 738 r 3, 588
2, 883 r 2, 754
r
r
3,635
2,860
3,856
3, 004
*• 11, 126
5,649
1,446
14, 080
10, 985
5,766
1,414
13, 950
11,045
5,669
1, 545
4,528
r 4, 269
4,074
3,844
1, 935
1, 857
1,752
r 2, 619
»• 3, 035
r
r
r
15, 462
12, 056
6,089
1,566
r
2. 824
r 2, 249
' 2, 531
r 3, 357
Orders new (net), qtrly avg or total
mil $
U S Government
do _
Prime contract
do
.Sales (net), receipts or billings, qtrly. avg. or total
mil $
U S Government
do
13, 950 »• 14, 693
11,045 r 11, 582
5,669 r 5,736
1,545
1, 497
3, 875
2, 913
r 14, 192
4,690
3,844
2,049
1,783
103. 4
2,347
44.8
82.1
1,824
27.6
83.4
1,987
32.6
100.2
2,201
38.6
114.7
2,451
34.3
97.5
2,160
61.6
67.7
1,510
9.8
60.4
1,317
31.5
61.5
1,340
25 A
655. 8
625. 7
556.2
544.2
99.5
81.5
556. 4
527.3
461.9
450.2
94.5
77.1
526.1
490.3
425.9
410.5
100.2
79.8
547. 7
520.8
453.4
442.7
94.3
78.0
641.6
615.0
539.9
529.4
101.8
85.6
681.8
644.1
567.6
557.1
114.2
87.1
498.0
473.2
407.3
400.0
90.7
73.2
243.5
224.2
172.8
168.4
70.7
55.7
27, 890
10, 570
17, 320
22, 444
9,489
12, 955
27, 306
13, 460
13, 846
23, 169
9,589
13, 580
23, 791
9,443
14, 348
24, 223
7,962
16,261
28, 581
8,235
20, 346
do
do
41, 287
39, 278
24, 860
24, 076
24, 268
23, 173
22, 425
21, 684
26, 297
25, 336
23, 892
23, 472
do
do
do
4,875
2,916
545
4,270
2,648
462
4,175
2,460
603
3,838
2,102
582
4,210
2,304
533
thous
do
do
548.1
41.6
78.6
487.9
31.6
76.6
480.1
34.1
72.5
496.1
33.2
74.3
number
do __
do
4,776
3,124
1, 652
2,655
1,572
1,083
3,895
2,202
1,693
New orders
Equipment manufacturers, total
Railroad shops, domestic
do
do
do
2,963
1,872
1,091
2,569
1,602
967
Unfilled orders, end of mo
Equipment manufacturers, total
Railroad shops domestic
do
do
do
31, 977
14, 758
17, 219
Aircraft (civilian)' Shipments 0
do
Airframe weight © thous. Ib
Exports
mil $
r
1,783
79.9
1,781
11.4
72.5
1,457
17.9
83. 6
1, 770
19.2
87.8
1,726
26.4
109. 1
2,045
60.1
451.4
426.6
367.4
359.8
84.1
66.8
638. a
608.3
545.1
529. 4
93.1
78. 9
754.6
722.3
646.9
627.7
107.7
94.6
- 759. 5
720.5
646.7
631.1
112. 8
89.4
711.0
684.2
610.9
595.9
100. 1
88.3
628.6
603.7
533.6
518.5
95. 0
85.2
20, 900
3,577
17, 323
17, 416
5, 910
11, 506
19, 682
9,200
10, 482
22,631
12, 658
9,973
21, 497
13, 234
8,263
20, 985
20, 313
19, 787
19, 673
22, 521
22, 127
28, 854
28, 344
26, 488 - 33, 305
26, 005 32, 395
32,305
31, 337
37,695
36, 527
4,679
2,753
526
3. 757
2,259
515
4,858
3, 018
406
4, 360
2,782
245
5, 323
3, 653
272
6, 143
3, 524
332
4,748
3,370
233
5, 484
3,845
738
5,295
3,577
719
544.0
34.9
85.2
572.0
37.0
81.0
500.5
33.8
83.9
470.6
35.1
82.0
370.5
33.3
74.6
549.6
32.5
. 82.9
557. 9
28,9
81.6
525.7
24. 2
79.0
491.7
25.7
76.7
475.4
25.0
70.9
2,933
1, 156
1,777
3,360
1,588
1,772
3,142
2,085
1,057
1,234
764
470
2,403
1,676
727
2.811
2; 125
686
1,908
1,205
703
2,513
1,726
787
1,940
1,066
874
2,128
1,250
878
2,690
1,772
918
4,077
3,076
1,001
1,768
1, 762
6
2,040
824
1,216
3,698
2,077
1,621
1,217
1,082
135
2,587
2,429
158
1,454
1,389
65
3,143
1,280
1,863
2,086
944
1,142
4, 109
5,735
3,479 - 2,818
630
2?917
5, 336
2,729
2,607
' 1, 467
r l , 128
339
1,608
1,550
58
13,462
4,616
8,846
15, 807
4,284
11, 523
13, 664
3,902
9,762
13, 970
4,344
9,626
11, 830
3,341
8,489
10, 785
5,008
5,777
9,831
4,716
5,115
10, 210
3,918
6, 292
10, 373
3, 642
6, 731
11,984
5, 405
6, 579
15, 761
7, 134
8, 627
19, Oil
8, 611
10, 400
17, 737
7,970
9,767
15, 265
6,441
8,824
20
265
17
202
44
112
31
81
18
116
8
294
13
281
21
260
14
246
7
239
0
239
0
264
0
264
0
264
5
259
1,662
1,607
8.8
1,650
9.6
1,646
9.7
1,642
9.9
1,638
9.3
1,628
9.3
1,624
9.5
1,621
9.4
1,614
9.1
1,613
9.0
1,604
1,607
8.9
8.8 .
1,600
8.8
1,598
8. 5
MOTOR VEHICLES
Factory sales total
Domestic
Passenger cars, total
Domestic
Trucks and buses, total
Domestic ,Exports, total!
Passenger cars (new and used)
Trucks and buses
thous
do_ __
do
do
do
do
_
number
do_~
do
.Imports (cars trucks, buses), total cfj
Passenger cars (new and used) cf
Production, truck trailers:
Complete trailers, total
_
Vans
Chassis van bodies for sale separately
Registrations:©
New passenger cars
Foreign cars
New commercial cars
713.9 p2723. 7
685.3
605. 8 ?>2617. 7
588. 5
108.1 p2 106.0
96.8
20,117 17, 580
11, 799 10, 221
8,318. 7, 359
6,393
4,543
456
RAILROAD EQUIPMENT
Freight cars (ARCI):
Shipments
Equipment manufacturers, total
Railroad shops domestic
Passenger cars* Shipments
do
Unfilled orders, end of mo __ do_ __
Freight cars, class 1 (A AR) : §
Number owned end of year or mo
Held for repairs % of total owned
thous
9.4
r
2
Revised. ? Preliminary.
* Data cover 5 weeks.
Preliminary estimate of production.
\See corresponding note, p. S-39.
% Scattered revisions for 1959-60 are available upon request.
AEffective with the Jan. 1962 SURVEY, the qtrly. data reflect an expanded survey and
include companies developing, producing, assembling, etc., complete missiles and space
vehicles (and engines or propulsion units). Comparable data prior to Dec. 31, 1960, are
not available.
9 Total includes backlog for nonrelated products and services and basic research,
©Data include military-type planes shipped to foreign governments.
cf Data cover complete units, chassis, and bodies.
©Courtesy of R. L. Polk & Co.; republication prohibited.
§Excludes railroad-owned private refrigerator cars and private line cars.
U.S. G O V E R N M E N T P R I N T I N G OFFICE:1962
INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40
SECTIONS
General:
Business indicators
,__.
Commodity prices
Construction and real estate
Domestic trade
1-7
7, 8
9, 10
10-12
Employment and population
Finance
Foreign trade of the United States.
Transportation and communications
12-16
16-21
21-23
23, 24
Industry:
Chemicals and allied products
Electric power and ges
Food and kindred products; tobacco
Leather and products
24, 25
26
26-30
30, 31
Lumber and manufactures _ .
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and paper products
31
3 2-34
35, 36
36, 37
Rubber and rubber products
Stone, clay, and glass products
Textile products
Transportation equipment
37
38
38-40
40
INDIVIDUAL SERIES
Advertising
10, 11
Aerospace vehicles
40
Agricultural loans
„
16
Aircraft and parts
3, 13-15, 40
Airline operations
23
Alcohol, denatured and ethyl
25
Alcoholic beverages
8, 10, 26
Aluminum
33
Apparel
1, 3, 4, 7, 8, 10-15, 38
Asphalt and tar products
35, 36
Automobiles, etc___ 1, 4-6, 8, 10, 11, 13-15, 19, 22, 40
Balance of international payments
2
Banking
16, 17
Barley
27
Barrels and drums
32
Battery shipments
34
Beef and veal
28
Beverages
4, 8, 10, 26
Blast furnaces, steel works, etc
13-15
Bonds, outstanding, issued, prices, sales,
yields
18-20
Brass and bronze
33
Brick__
38
Brokers' balances
20
Building and construction materials. 8-10, 31, 36, 38
Building costs
9, 10
Business incorporations (new), failures
7
Business population
2
Business sales and inventories
4,5
Butter
27
Cans (tinplate)
32
Carioadings
23, 24
Cattle and calves
28
Cement and concrete products
8-10, 38
Cereal and bakery products
8
Chain-store sales, firms with 4 or more and 11
or more stores
12
Cheese
27
Chemicals
4-6, 8, 13-15, 19, 22, 24, 25
Cigarettes and cigars
8, 10, 30
Civilian employees, Federal
14
Clay products
8,38
Coal
4, 8, 13-15, 22-24, 35
Cocoa
23,29
Coffee
23, 29
Coke
23, 24, 35
Communications
13-15, 19, 20, 24
Confectionery, sales
29
Construction:
Contracts
9
Costs
9, 10
Employment, hours, earnings, wages
13-16
Highways and roads
9, 10
Housing starts
9
New construction put in place
1, 2, 9
Consumer credit
17, 18
Consumer expenditures
1, 2
Consumer goods output, index
3, 4
Consumer price index
7
Copper
23,33
Corn
27
Cost of living (see Consumer price index)
7
Cotton, raw and manufactures
7, 8, 21, 22, 39
Cottonseed cake and meal and oil
30
Credit, short- and intermediate-term
17, 18
Crops
3, 7, 27, 28, 30, 39
Crude oil and natural gas
4, 13-15, 35
Currency in circulation
19
Dairy products....
Debits, bank
Debt, U.S. Government
Department stores
Deposits, bank
Disputes, industrial
.
Distilled spirits
Dividend payments, rates, and yields
Drug stores, sales
3, 7, 27
16
18
11, 12, 17
16,17, 19
16
26
3, 18-21
11, 12
Earnings, weekly and hourly
14 16
Eating and drinking places
11, 12
Eggs and poultry
3, 7, 29
Electric power
4, 8, 26
Electrical machinery and equipment
3,
5,6, 13-15,19,22,34
Employment estimates
12-14
Employment Service activities
16
Expenditures, U.S. Government
18
Explosives
25
Exports (see also individual commodities)
1,
2,21,22
Express operations
23
Failures, industrial and commercial...
7
Fans and blowers
34
Farm income, marketings, and prices
1, 3, 7
Farm wages
16
Fats and oils___
8, 29, 30
Federal Government
finance
18
Federal Reserve banks, condition of
.
16
Federal Reserve reporting member banks
17
Fertilizers
8, 25
Fire losses
10
Fish oils and
fish
29
Flooring, hardwood
31
Flour, wheat
28
Food products,__ 4-8, 10, 11, 13-15, 19, 22, 23, 27--30
Foreclosures, real estate
10
Foreign trade
21-23
Foundry equipment
34
Freight carloadings
23, 24
Freight cars (equipment)
4, 40
Fruits and vegetables
7, 8, 22
Fuel oil
__.._ 35,36
Fuels
4, 8, 35, 36
Furnaces
34
Furniture
3, 4, 8, 10-15, 17
Furs
23
Gas, output, prices, sales, revenues
4, 8, 26
Gasoline
1, 35, 36
Glass and products
.
38
Glycerin
25
Gold
2, 19
Grains and products
7, 8, 22-24, 27, 28
Grocery stores
11, 12
Gross national product
1, 2
Gross private domestic investment
1, 2
Gypsum and products
.
.
8, 38
Hardware stores
__.
.__
11
Heating equipment
,
,
8,34
Hides and skins
8, 30
Highways and roads
9, 10
Hogs
28
Home Loan banks, loans outstanding
10
Home mortgages
10
Hosiery
38
Hotels
14, 15, 24
Hours of work per week
14
Housefurnishings
1,4,7,8, 10-12
Household appliances and radios
4, 8, 11, 34
Housing starts
9
Imports (see also individual commodities)-_ 1, 21-23
2,3
Income, personal
18
Income and employment tax receipts
„
Industrial production indexes:
By industry
3,4
By market grouping
3,4
Installment credit
12, 17, 18
12
Installment sales, department stores
Instruments and related products
3, 13-15
34
Insulating materials
Insurance, life
18, 19
Interest and money rates
17
Inventories, manufacturers' and trade
4-6, 11, 12
Inventory-sales ratios
5
Iron and steel, crude and manufactures
3,
5,6,8,10,19,22,23, 32, 33
Labor disputes, turnover.
16
Labor force
12
Lamb and mutton
28
Lard_
28
Lead_
33
Leather and products
3, 8, 13-15, 30, 31
Life insurance
18, 19
Linseed oil
30
Livestock
3,7,8,24,28
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit)
10, 16, 17, 20
Lubricants
35, 36
Lumber and products
3, 5, 6, 8, 10-15, 19, 31
Machine tools
„__
34
Machinery
3,5,6,8, 13-15, 19,22,34
Mail order houses, sales
11
Manmade fibers and manufactures
8, 39
Manufacturers' sales, inventories, orders
4-6
Manufacturing employment, production workers, payrolls, hours, earnings
13-15
Manufacturing production indexes
3,4
Margarine
29
Meats and meat packing
3, 7, 28
Medical and personal care
7
Metals
4-6, 8, 13-15, 19, 23, 32-34
Milk
27
Mining and minerals
2-4,8, 13-15,19, 20
Monetary statistics
19
Money supply
,
19
Mortgage loans
10, 16, 17
Motor carriers
23
Motor vehicles
1, 4-6, 8, 10, 11, 13-15, 19, 22, 40
Motors and generators
34
National defense expenditures
1, 18
National income and product
1, 2
National parks, visits
24
Newsprint
23, 37
New York Stock Exchange, selected data
20, 21
Nonferrous metals
8, 19, 23, 33, 34
Noninstallment credit
17
Oats
27
Oil burners
„
34
Oils and fats
8, 29, 30
Orders, new and unfilled, manufacturers'
6
Ordnance
13-15
Paint and paint materials
8, 25
Panama Canal traffic
24
Paper and products and pulp
3,
5,6,8,13-15, 19,23,36,37
Parity ratio
7
Passports issued
24
Payrolls, indexes
14
Personal consumption expenditures
1, 2
Personal income.
2, 3
Petroleum and products
4-6,
8, 11,13-15,19,22,23,35,36
Pig iron
32
Plant and equipment expenditures
2, 20
Plastics and resin materials
.
25
Plywood
31
Population
12
Pork
28
Postal savings
.
17
Poultry and eggs___I
3, 7, 29
Prices (see also individual commodities)
7, 8
Printing and publishing....
4, 13-15
Profits, corporate
1, 19
Public utilities
2-4, 7-9, 13-15, 18-21
Pullman Company
24
Pulp and pulpwood
36
Purchasing power of the dollar
8
Radiators and convectors
34
Radio and television
4, 8, 10, 11, 34
Railroads
2, 13, 14, 16, 18-21, 23, 24, 40
Railways (local) and bus lines
13-15, 23
Rayon and acetate
39
Real estate
10, 17, 18
Receipts, U.S. Government
IS
Recreation
7
Refrigerators and home freezers
34
Rent (housing)
7
Retail trade
4, 5, 7, 9, 11-15, 17
Rice
27
Roofing and siding, asphalt
36
Rubber and products..
4-6, 8, 13-15, 23, 37
Rye
27
Saving, personal
,
2
Savings deposits
17
Securities issued
19, 20
Services
__„__
1, 2, 13-15
Sheep and lambs
28
Shoes and other footwear
1, 8, 11, 12, 31
Silk, prices, imports, production
8,39
Silver..-.,
19
Soybean cake and meal and oil
30
Spindle activity, cotton
39
Steel ingots and steel manufactures
32, 33
Steel scrap
32
Stock prices, earnings, sales, etc
20, 21
Stocks, department stores__
12
Stone, clay, and glass products
3-6,
8, 13-15, 19,38
Stoves and ranges
34
Sugar
23,29
Sulfur
25
Sulfuric acid.
.
25
Superphosphate
25
Tea imports
29
Telephone, telegraph, cable, and radiotelegraph carriers
13-15, 19, 20, 24
Television and radio.4, 8, 10, 11, 34
Textiles and products._ 3, 5, 6, 8, 13-15, 19, 22, 38-40
Tin
23, 33
Tires and inner tubes
8, 11, 12, 37
Tobacco and manufactures
4-8, 10, 13-15, 30
Tractors
22,34
Trade (manufacturing, wholesale, and retail)
4-6, 11, 12
Transit lines, local
23
Transportation
1, 2, 7, 23, 24
Transportation equipment
3-6, 13-15, 19, 40
Travel
24
Truck trailers
40
Trucks (industrial, motor)
34,40
Unemployment and insurance
12, 16
U.S. Government bonds
16-18, 20
U.S. Government
finance
18
Utilities
2-4, 9, 13-15, 18-21, 26
Vacuum cleaners
Variety stores
Vegetable oils
Vegetables and fruits
Vessels cleared in foreign trade
Veterans' benefits
Wages and salaries
Washers. . _ _
Water heaters
Waterway traffic
Wheat and wheat
Wholesale price indexes__
Wholesale trade
Wood pulp...._
Wool and wool manufactures
Zinc-___._
34
11,12
29, 30
7, 8, 22
24
16, 18
.
flour
.
1,3,14-16
34
34
24
28
8
4, 5, 12
36
7, 8, 23, 40
33,34
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BUSINESS STATISTICS
1961 edition
THIRTEENTH VOLUME in a series of
statistical supplements to the monthly Survey of
Current Business, the new 1961 biennial edition provides historical data for each of over 2,500 economic
indicators.
Monthly data are shown back to 1957, with
quarterly series back to 1951 and annual averages
from 1939. Explanatory notes for each series refer
to the source and methodology used, define the
statistical units, and specify both the comparability
of current and past figures and the adequacy of
coverage.
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