Full text of Survey of Current Business : May 1963

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MAY 1963

survey of




CURRENT
BUSINESS

U.S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS

SURVEY OF CURRENT BUSINESS
MAY 1963

VOL. 43. NO. 5

U.S. Department of Commerce
Luther H. Hodges
Secretary
Kichard H. Holton
Assistant Secretary for
Economic Affairs

Contents
Louis J. Paradise
Managing Director

THE BUSINESS SITUATION
Summary
The Tax Base for Individual Incomes.

1
3

FIRST QUARTER RISE IN GROSS NATIONAL PRODUCT
Continued Advance in Consumer Purchases, Larger Inventory
Buildup and Government Outlays Spark Rise

Murray F. Foss
Editor
K. Celeste Stokes
Billy Jo Hur
Statistics Editor
Graphics
STAFF CONTRIBUTORS
TO THIS ISSUE

5

CAPITAL FORMATION, SAVING, AND CREDIT
Financial Institutions
Corporate Finance
Consumer Borrowing Strong
.
Government Borrowing Up

10
11
13
14
16

REVISED STATISTICAL SERIES
Construction Cost Index
Indexes of Industrial Production
Department Store Sales and Stocks

18
19
20

Business Review and Feature:
Lawrence Grose
Jcianette M. Fitzwilliaras
National Income arid Product:
Frederick M. Cone
Article:
John A. Gorman
Imogene C. Petersen

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CURRENT BUSINESS STATISTICS
General.

S1-S24

Industry

S24-S40

Subject Index

Inside Back Cover

U.S. DEPARTMENT OF COMMERCE FIELD OFFICES
Albuquerque, N. Mex.9 U.S. Courthouse. Phone 2470311.
Anchorage, Alaska, U.S. Post Office and Courthouse.
BR. 2-9611.
Atlanta, Ga., 75 Forsyth St. NW. JAckson 2-4121,
Birmingham, Ala., 2028 Third Ave. N. Phone 323-8011.
Boston, 10, Mass., Room 230, 80 Federal St. CApItol
3-2312.
Buffalo, 3, N.Y., 117 Elllcott St. TL 3-4216.
Charleston, 4, S.C., West End Broad St. Phone 7726551.
Cheyenne, Wyo., 16th St. and Capitol Ave. Phone
634-2731.
Chicago 6, 111., 226 W. Jackson Blvd. Phone 828-4400.
Cincinnati 2, Ohio, 36 E. Fourth St. Phone 381-2200.
Cleveland 1, Ohio, E. 6th St. and Superior Ave. Phone
241-7900.
Dallas 1, Tex., Merchandise Mart. Riverside 8-5611.




Denver 2, Colo., 142 New Customhouse. Phone 6344151.

Detroit 26, Mfch., 438 Federal Bldg. Phone 226-6088.
Greensboro, N.C., 407 U.S. Post Office Bldg. Phone
273-8234.
Hartford, Coan., 18 Asylum St. Phone 244-3530.
Honolulu 13, Hawaii, 202 International Savings Bldg.
Phone 58831.
Houston 2, Tex., 515 Rusk Ave. C A pltol 8-0611.
Jacksonville 2, Pla., 512 Qreenleaf Bldg. ELgin 4-7111.
Kansas City 6, Mo., 911 Walnut St. BAltlmore 1-7000.
Los Angeles 15, Calif., 1031 S. Broadway. Richmond
9-4711.
Memphis 3, Tenn., 212 Falls Bldg. JAckson ti-3426.
Miami 32, Pla., 14 NE. First Avenue. FRanklin 7-2581.
Milwaukee, Wis., 238 W. Wisconsin Ave. BR 2-8600.
Minneapolis 1, Minn., Federal Bldg. Phone 334-2133.
New Orleans 12, La., 333 St. Charles Ave. Phone 5292411.

New York 1, N.Y., Empire State Bldg. LOngacre 33377.

Philadelphia 7, Pa., 1015 Chestnut St. WAlnut 3-2400.
Phoenix 25, Ariz., 230 N. First Ave. Phone 261-3283.
Pittsburgh 22, Pa., 355 Fifth Ave. Phone 471HJSOQ.
Portland 4, Oreg., 217 Old U.S. Courthouse Bldg.
Phone 226-3361.
Reno, Nev., 1479 Wells Ave. FAirview 2-7133.
Richmond 19, Va., 2105 Federal Bldg. Phone 649-3611.
St. Louis 3, Mo-, 2511 Federal Bldg. MAin 1-8160.
Salt Lake City 1, Utah, 222 SW. Temple St. DA vis
8-2911.
San Francisco 11, Calif., Room 419 Customhouse.
YUkon 6-3111.
Santurce, Puerto Rico, 605 Condado Ave. Phone 7234640.
Savannah, Ga., 235 U.S. Courthouse and P.O. Bldg.
A Dams 2-4755.
Seattle 4, Wash., 809 Federal Office Bldg. Mutual
2-3300.

By the Office of Business Economics

uauon
E<

jCONOMIC activity continued to
improve in April as personal income,
nonfarm employment, and industrial
GROSS NATIONAL PRODUCT
First Quarter GNP Up $8.3 Billion From Fourth
Quarter and $27 Billion From Year Ago

Billion $
Total
'GNP

10

Final So/es

~
Changes Reflected Mainly Increased
Consumer Spending . . .
PERSONAL CONSUMPTION
EXPENDITURES

10

and Higher Government Outlays
GOVERNMENT PURCHASES
(Federal, State & Local)

10

Contribution of Investment to Output Rise
Was Negligible

5 -

GROSS PRIVATE DOMESTIC
INVESTMENT

1
1

i
2

1
3

1

4

1962

1963

Change From Previous Quarter
Seasonally Adjusted, at Annual Rates
U.S. Department of Commerce, Office of Business Economics




production showed further advances
over March rates, after seasonal adjustment. Much of last month's gains
centered in durable goods industries.
Motor vehicle production was maintained at a high rate as a result of the
sustained brisk pace of automobile sales,
and output of major equipment industries picked up somewhat, reflecting
the upturn in the demand for new
plant and equipment. There was a
sharp increase in steel output in response to the buildup of steel inventories and rising production requirements of steel consuming industries.
Operations were also higher in other
sectors of the economy, so that personal
income from production registered its
best gain since last fall. Seasonally
adjusted total personal income for
April—$455.8 billion at an annual
rate—was up $2% billion from March
and more than $17 billion from April of
last year. Almost $2 billion of the
April rise came from gains in payrolls,
of which commodity-producing industries accounted for almost $1% billion;
the greater part of this was attributable
to durable goods manufacturing. Small
increases were registered in all other
types of income including transfer
payments.
Final figures on first quarter GNP,
which is reviewed further on, put the
annual rate at $572 billion, up $8 billion from the fourth quarter. With
income already well above the first
quarter average, the second quarter is
off to a good start and another advance
in GNP appears likely at this time.

63-5-1

Auto sales strong

With continuing advances in income,
consumers have been maintaining a
high rate of purchases. Last month

again consumer buying of automobiles
dominated the retail scene as dealers
sold 704,000 new cars. This was the
equivalent of 625,000 units on a seasonally adjusted basis and a little better
than the high first quarter monthly
average.
Although seasonally adjusted April
sales for all retail stores were down
somewhat from March according to the
preliminary report, an average of March
and April—a combination which may
eliminate some of the monthly seasonal
adjustment problems around the Easter
season—shows a rate about the same
as the first quarter 1963 monthly average and 4 percent above March-April
of 1962.
Industrial output moving upward

The improvement in industrial production is a new development in the
recent business picture. After remaining on a plateau throughout the second
half of 1962 and the first 2 months of
this year, the FRB index rose to a new
high in March and made a further gain
in April. For April, the seasonally adjusted index at 122 (1957-59 = 100),
was 1% percent above March and 4 percent above the same month a year ago.
Increases from March to April were
fairly general by industry though the
durable goods advances were more
pronounced.
Steel output up sharply

A major factor in the improvement
in manufacturing activity has been the
sharp rise in steel output since February.
Last month steel production rose approximately 10 percent on a seasonally
adjusted basis after having increased
by 9 percent in March; thus the steel
1

SURVEY OF CURRENT BUSINESS
industry has accounted for approximately three-eighths of the rise in the
entire FRB industrial production index
in the past 2 months.
These production increases have been
undertaken in response to the surge in
steel ordering that began in February
and continued at least through April.
Incoming business in the month of April
was about 20 percent above that of
March, jwMeJa in turn ran 20 percent
higher than February, after seasonal
adjustment. While the magnitudes are
not as large, the pattern of order placement is much like that which preceded
the steel buildup in the first quarter of

EMPLOYEES IN NONFARM ESTABLISHMENTS
Employment Resumes Increase After Several
Months of Stability

Million Persons (ratio scale)
60
Total .

55

50

Pr/vqfe Nonmanufocfun'ng

30

25

I

20

Manufacturing

10
Government
(Federal, State & Local)

9 -

8

ill

1960

1961

1962

Quarterly
Seasonally Adjusted
U.5. Department of Commerce, Office of Business Economics




1963
Monthly
Data: BLS
63-5-2

MJIV 1063

1962, except that last year the heavy Rebound in employment
ordering occurred earlier. As in that
A noteworthy aspect of the output
period, steel consumers are again re- increases that have taken place since
building stocks on a fairly large scale, the early part of the year is the improve *
mainly as a strike hedge but also to ment in employment. Seasonally admeet higher current and prospective justed employment in nonfarm estabproduction schedules.
lishments had risen through July of last
The Census Bureau survey for March year but thereafter remained essentially
provides some insight into the extent on a plateau, even though real output
of the inventory buildup. Finished was increasing over this period. In
steel held by manufacturing consumers fact, private employment declined by
rose approximately 400,000 tons in more than 300,000 from July to JanuMarch while another 100,000 tons were ary and it was only the sustained rise in
added to the finished inventories of the government employment, chiefly state
producing mills. These rises were ap- and local, in the second half of 1962 that
proximately equal to the advance in provided a major offset to this weakness
manufacturers' steel consumption from in the private sector.
February to March. To judge from
Since January, employment gains
the sharp increase in April steel output, have been fairly impressive. Midit appears that the inventory increase April employment was almost 700,000
was accelerated last month. It should higher (seasonally adjusted) than it was
be pointed out, however, that the stock- in January and almost 1 million above
consurnptioii ratios for steel products the figure for April 1962. Most of the
are still relatively low, gaged by the rise since January has occurred in priinformation that is available from this vate industries, although government
survey for the past 18 months.
employment rolls are continuing to
expand.
Auto production near 1955 rate
Manufacturing employment by April
Auto producers are operating at a
had recovered all the ground lost since
near-record rate and production schedthe middle of last year and stood at a
ules have been revised upward in
new high in the current upturn. Since
recent months to meet the strong the first of the year, there have also
demand for new cars and trucks. been marked reversals in movements of
Assemblies of motor vehicles in April
contract construction and trade, while
totaled 820,000, a small contraseasonal further advances have been registered
rise over March; as compared with in finance and services, which are indusApril a year ago, the increase is nearly tries of comparatively strong growth.
15 percent.
The April employment picture in
Truck and bus output has been manufacturing is of particular interest
running exceptionally strong so far this in that it reflects not only increases in
year, averaging around 125,000 units primary metals, but also advances in
per month, or about one-fifth higher metal fabricating industries. This dethan for the corresponding period of velopment appears to be confirming the
1962. Production schedules for May projected increase in capital expendiare expected to exceed the high April tures for the second quarter recently
rate. In the first two weeks of May,
reported in the OBE-SEC plant and
output averaged close to 200,000 units equipment survey.
on a monthly basis, the highest so far
Unemployment unchanged over the
in 1963.
year
Nondurable goods output rose moderately last month to reach a record
The rise in employment over the past
rate, about \% percent above December year has about matched the increase in
1962 and 4 percent above the same the labor force, so that the number of
month a year ago. Gains from March persons currently unemployed does no*|
to April were reported for most indus- differ much from last April's figure.
tries ; printing and publishing increased Last month, about 4 million persons
approximately 5 percent, mainly be- were out of work and the seasonally
cause of the settlement of the newspaper adjusted unemployment rate was 5.7
strike in New York City.
percent, little changed from the 5.6 per-

SURVEY OF CURRENT BUSINESS

Mav 1063

cent rate of a year ago. Among experienced workers, or among adult men and
women, unemployment rates in April
were about the same as the level that
prevailed through most of 1962. The
situation for teenagers, however, appears to have deteriorated since last
year. The April teen-age unemployment rate, for example, was in excess of
15 percent—up from last year's average
of 13 percent and not markedly different
from the 15 percent rate that prevailed
in 1961, the period of early recovery.
Steel price rise

The price increases that steel producers posted in mid-April on selected
products added about 1 percent to the
average of steel mill prices. On the
basis of BLS weekly price data through

May 7, the overall level of industrial
prices has remained almost unchanged,
since decreases in some industrial commodities have also been registered in
recent weeks. The BLS weekly wholesale price index, it may be noted, excludes current quotations for items
fabricated from steel, which appear
only in the comprehensive monthly
Wholesale Price Index.
Wholesale industrial prices are currently fractionally below their level at
the start of 1963 and are little different
from their 1957-59 average. The persistence of excess capacity and the
competition that has come about as a
result, as well as the stability in labor
costs continue to provide major dampening influences on general price
increases.

income that are excluded from taxable
income represent income in kind and
imputed income, which, while they are
benefits to their recipients, do not represent monetary transactions. Imputations in the national accounts represent
an attempt to secure uniformity of
treatment for some activities which
only partially appear as market transactions. An imputation for the netrental value of owner-occupied dwellings may thus be seen as analogous to
the net income derived from the rental
of tenant-occupied dwellings.
(Continued on p. 18)
Table I.—Adjustments of Department of
Commerce Estimates of Personal Income
in Arriving at Adjusted Gross Income,
1960
[Billions of dollars]
1. Personal income

The Tax Base for Individual Incomes
BECAUSE of the widespread interest
in the proposals to broaden the base
in connection with the changes in the
individual income tax program submitted by the President to the Congress, the following two tables are
presented to show the relationship
between the present individual income
tax base and the total of personal
income. The year 1960 was chosen for
this analysis since it is the latest period
for which comprehensive information
from individual income tax returns is
available.
Total personal income amounted to
$401 billion in I960, and taxes were
paid on $173 billion of income, slightly
over two-fifths of the total. The difference between personal income and
income subject to tax reflects statutory
regulations as to what is considered
taxable income, and further, statutory
exemptions from the taxable income
base. The adjustments of personal
income to arrive at the adjusted gross
income concept of the tax laws are
shown in table I, and the exemptions
from adjusted gross income to arrive




at income which is taxed are shown
in table II.
Adjusted gross income smaller than
personal income
About one-fourth (on a net basis) of
the $228 billion difference between personal income and the income taxed
results from the statutory definition
of adjusted gross income. The modifications required to the personal income concept to arrive at the adjusted
gross income concept of the income tax
laws are shown under lines 2 and 3
of table I. The largest single item
that is deducted from personal income
is transfer payments. Transfers comprise income such as social security
retirement benefits, unemployment insurance payments, disabled veterans
pensions, etc. Another significant income source which is not subject to
tax as current income is "other labor
income/' made up largely of employer
contributions to private pension and
health and welfare funds, and workmen's compensation payments. The
bulk of the remaining items of personal

$400.8

2. Portion of personal income not included
in adjusted gross income
(a) Transfer payments (except fees and
military retirement pay)
(b) Other labor income (except pay of
military reservists)
(c) Income in kind and imputed income.
(d) Noncorporate nonfarm inventory
valuation adjustment
(e) Value of change in farm inventories,
(f)
Nontaxable military pay and allowances
(g) Accrued interest on U.S. government
bonds
1
(h) Tax-exempt interest
(i)
Fiduciary income (other than capital
gains) not distributed to individuals
(j)
Property income of nonprofit organizations
.
(k) Excludable sick pay
(1) Excluded dividends
(m) Capital gains distribution by investment companies
3. Portion of adjusted gross income not included in personal income
(a) Employee and self-employed persons
contributions for social insurance.
(b) Net gains from sale of assets reported
on individual tax returns
(c) Miscellaneous income (except other
income on Form 1040 A) reported
on individual income tax returns..
(d) Annuities and pensions reported on
individual income tax returns
(e) Deductions for net operating loss
carryover and depletion
4. Total adjustment for conceptual differences
(2-3)

5. Estimated adjusted gross income of taxable
and nontaxable individuals (1-4)

Table

$69. 7
28. 7
10. 3
21. 9
0
.3
2. 1
.4
.8
1.6
2.1
.7
.4
.5
17.8
9.2
0. 0
1.3
1. 6
—. 4
52.0

II.—Derivation of the Individual
Income Tax Base, 1960
[Billions of dollars]

Total adjusted gross income
33.4
Deduct: Nonreported adjusted gross income
Equals: Adjusted gross income reported on individ315. 5
ual tax returns
.
Deduct: Adjusted gross income of nontaxable indi18. 3
viduals filing returns
Equals: Adjusted gross income of taxable individ297.2
uals
44.5
Deduct: Deductions of taxable individuals
(a) Standard deductions
11.7
32.8
(b) Itemized deductions

Equals:
Deduct:
Equals:
Add:
Equals:

Net income of taxable individuals
252. 7
Personal exemptions of taxable individuals. 81. 2
Taxable income of individuals
171. 5
Taxable income of
fiduciaries
1.0
Total personal income taxed
172.5

(See Chart on p.

SURVEY OF CURRENT BUSINESS

May 1963

INCOME TAX BASE - 1960
PERSONAL INCOME

Port'on of Personal
Income Not Included
in Adjusted Gross
"C°me$70 bit.
$40Hil.


http://fraser.stlouisfed.org/
D.$. Department of Commerce, Office of Bu
Federal Reserve Bank of St. Louis

•Includes $1 bil. forfcxable
income of fiduciaries

63-5-3

First Quarter Rise in Gross National Product
Continued Advance in Consumer Purchases, larger
Inventory Buildup and Government Outlays Spark Rise
J[ HE Nation's economy expanded
further into the opening quarter of 1963;
its gross product rose more than $8
billion to an annual rate of $572
billion. The increase about equaled
that of the closing quarter of 1962 but
was sharply higher than the $3 billion
reported for the third quarter when
there was considerable business uncertainty following the May stock
market break.
Growth Slackens in Second
Year of Expansion
The cumulative gain over 1962's
first quarter was $27 billion or 5 percent.
Output in real terms was somewhat
more than 3 percent greater than a year
ago, about equaling the growth rate for
the past decade. In the first four
quarters of the current economic expansion, the increases had been 9
percent in current dollars, and 8 percent
in real terms.
Increased consumption and higher
government outlays accounted for the
cumulative gain over a year ago, as
well as for most of the first quarter gain.
In both instances, domestic investment
was little changed. In contrast, higher
investment outlays had been an important expansionary force in the quarters
immediately following the turn in
business early in 1961.
As will be seen by reference to the
text table on the following page, recent
experience conforms in these respects to
the economic behavior during two most
recent periods of economic expansion.
In the upturns of these earlier periods,
not only did the rate of increase in
GNP in the second year of expansion
fall considerably below that of the
first year, but domestic investment
also flattened out 4 to 6 quarters after
the turn. It may be noted, however,




that investment at the moment is higher government outlays in the later,
showing an improvement over the first particularly the current, periods. In
the 1954-56 period, Federal expendiquarter rate.
There were, however, major differ- tures were being curtailed following the
ences in the character of the expansion Korean truce. In the late 1950's,
in these periods. There seems to have Federal expenditures, after rising in the
been a progressive decline in the vigor early part of the recovery edged down
of the expansion in consumer outlays. somewhat in the later stage of the
This decline was just about offset by cyclical upturn.
THE MARKET FOR HARD GOODS
Fixed Investment Stable in Recent Quarters; Durable Goods Strong; Housing Down
Billion $
60
Quarterly, Seasonally Adjusted, at Annual Rates
Business Fixed Investment

40

20

\

Residential Construction

1 1 1 I 1 I 1 I 1I 1I 1I I I 111 I I 1 1 I I 1 1 I I 1 I I 1I I I I I I I I I I I I I 1 I 1 1

Percent of GNP
15

Quarterly
Business Fixed Investment

\
10

s

Consumer Durables

Residential Construction
I I I I 1 11I 1 11 I 1 I 1 I 11I I I I I

1951

1953

1955

I I I I I I I I 1 1 1 1 I 11 1 I 1 I 1 I I 1 1

1957

1959

1961

1963

U.S. Department of Commerce, Office of Business Economics

63-5-4

.5

SURVEY OF CURRENT BUSINESS

6
Increase in real GNP and Components in Three Periods of Economic Expansion Indexes
Quarters after Turn
0

4

6

8

100
100
100

108
108
108

112
109
109

111
112
111

100
100
100

107
106
105

111
108
107

112
110
109

100
100
100

132
127
127

139
124
125

131
i 143
123

100
100
100

97
105
108

97
105
110

95
102
116

Gross National Product
1954-56
1958-60 _.1961-63
Personal Consumption Expenditures
1954-56
1958-60
1961-63
Groass Private Domestic Investment
1954-56
.
1958-60
1961-63
Government Outlays
1954-56
1958-60
1961-63

-

1. Inventory accumulation abnormally high following resumption of production after the 1959 steel strike.

Consumer Expenditures
Continue Rise
Outlays for consumer goods and
services accounted for over half the
GNP rise in the first quarter. At $4#
billion, the latest increases were,
however, off somewhat from the $5%
billion increase recorded in the preceding quarter.

Auto expenditures stable

The first quarter gain in consumer
outlays was made without any assistance from the auto sector, normally
its most volatile element. After a
fourth quarter rise of more than $2
billion accompanying the introduction
of the 1963 models, auto expenditures
did well to hold at the high level of
$21% billion in the first quarter of
this year, especially since the weather
was not particularly favorable to auto
sales. The demand for both new and
used cars showed no signs of slackening
during the quarter and unit sales in
April were at near-record levels.

May 1963

A moderate increase in the rate of
inventory accumulation was approximately offset by a drop in residential
contruction activity, while business
plant and equipment outlays were little
changed over the period.
Inventory accumulation up

At a seasonally adjusted rate of $3
billion, the first quarter buildup in
stocks represented an advance over the
$1 billion rate recorded in each of the
last two quarters of 1962, and accounted
for one fourth of the GNP advance. It
was, however, well below the $6}£ billion
figure for the first quarter of 1962.
Though there was considerable specuOther expenditures up
lation as to the likelihood of a steel
Consumer outlays for furniture and
shutdown later in the year, the rise in
household
equipment showed a
stocks of steel consumers during the
moderate increase during the quarter.
first quarter was modest—since it did
In the nondurables field, higher expendinot really start until March—and much
tures for food, partly reflecting higher
smaller than the increase that took
prices, accounted for the bulk of the
place a year ago. Still, much of the
increase.
net increase in the rate of accumulation
Investment Little Changed
during the first quarter occurred among
Gross private domestic investment manufacturers and distributors of hard
in the first quarter was little changed goods and reflected some precautionary
from that of the closing quarter of 1962. buying.

Table 1.—Gross National Product in Current and Constant Dollars (1-3, 1-5)
1962
1960

1961

1962

I

II

1962

1963
III

IV

I

1960

1961

1962

Durable goods
Nondurable goods
Services

-

.-- -

Gross private domestic investment

- - - -

New construction
Residential nonfann
Other
.

.

Producers' durable equipment

_.

Change in business inventories

-

Nonfarm
Farm

- --

.

Net exports of goods and services
Exports
Imports
Government purchases of goods and services
Federal — National defense .
Other
Less: Government sales
State and local




-. _

--

IV

I

518.7

553.9

545.0

552.0

555.3

563.5

571.8

440.2

447.9

471.9

467.4

470.8

471.6

477.7

482.7

328.5

338.1

356.7

350.2

354.9

358.2

363.5

367.8

298.3

304.3

318.2

313.9

316.9

319.0

322.8

325.3

44.8
151.8
131.9

43.7
155.2
139.1

47.5
162.0
147.1

46.3
159.9
144.1

47.2
161.3
146.3

47.1
163.0
148. 1

49.6
163.9
150.1

50.0
165.5
152.3

42.2
141.4
114.7

41.6
143.3
119.4

45.2
148.5
124.5

44.1
147.0
122.8

44.6
148.1
124.1

44.6
149.5
125. 0

47.6
149.3
126.0

47.9
150.4
127.0

. . - - - . 503.4

.

III

Billions of 1954 dollars

Billions of current dollars

Gross national product

II

Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

Personal consumption expenditures

I

1963

72.4

69.3

76.6

75.9

77.4

76.3

76.2

76.8

60.7

57.8

63.3

63.3

64.1

62.4

62.8

63.4

40.7

41.6

44.5

41.6

44.5

46.1

45.0

43.6

34.3

34.8

36.5

34.6

36.7

37.7

36.8

35.5

21.1
19.7

21.0
20.5

23.3
21.2

21.2
20.5

23.3
21.2

24.3
21.8

23.8
21.3

22.6
21.0

18.2
16.1

18.2
16.6

19.8
16.8 •

18.2
16. 4

19.9
16.8

20.5
17.2

20.1
16.7

19.1
16.4

27.6

25.5

28.9

27.6

28.9

29.2

29.9

30.1

22.7

21.1

23.8

22.8

23.8

24.0

24.8

25.0

4.1

2.1

3.2

6.7

4.0

1.0

1.2

3.0

3.7

2.0

2.9

5.9

3.7

.8

1.3

3.0

3.7
.3

1.9
.2

3.2
.1

6.6
.1

3.9
.1

1.0
.0

1.1
.1

2.7
.3

3.4
.3

1.8
.1

2.8
.1

5.8
.1

3.6
.1

.8
.0

1.2
.1

2.7
.3

2.9

4.0

3.3

3.7

3.7

2.5

3.2

3.2

1.5

1.8

.5

1.3

.7

o

.5

.5

26.4
23.5

27.3
23.3

28.4
25.2

28.2
24.5

29.0
25.3

28.3
25.8

28.2
25.0

27.9
24.7

24.9
23.4

25.3
23.5

26.3
25.7

26.1
24.8

26.6
25.9

26.2
26.5

26.3
25.8

26.0
25.5

116.0

99.7

107.4

117.3

115.2

120.7

124.0

79.8

84.0

89.9

88.9

89.2

90.5

91.6

93.4 ,

53.2

57.0

62.4

61.9

62.1

62.7

63.4

65.9

42.3

44.5

48.7

48.3

48.6

49.0

49.3

50.7

45.7
8.1
.6

49.0
8.7
.6

53.4
9.7
.8

53.0
9.6
.6

53.2
9.5
.6

54.0
9.6
.8

54.2
10.1
.9

56.6
10.2
.9

46 5

50.4

55.0

53.3

54.0

55.5

57.3

58.1

37.4

39.4

41.2

40.6

40.6

41.5

42.3

42.7

118.2

May 1963

SUEVEY OF CURRENT BUSINESS

Fixed business investment stable

nomic activity. As compared with a The former was about equally divided
Business outlays for fixed investment year ago, for example, total government into a $4 billion increase in Federal
continued at the peak rate of $51 billion, outlays accounted for $8% billion out of outlays and a $4% billion increase in
which was reached in the third quarter a total GNP increase of $27 billion. State and local.
of 1962, following a moderate cyclical
rise from the first quarter of 1961. A
Table 2.—Personal Income and Its Use (II-2)
minor improvement in outlays by
[Billions of dollars]
manufacturers, mining firms and railroads during the quarter just about off1962
U963
set the continued decline in "other
I
1961
II
III
IV
I
1962
1960
transportation' 7 , representing mainly
reduced expenditures for jet aircraft,
Seasonally adjusted at annual rates
and in public utilities. On the other
432.0
400.8
416.4
439.5
442.6
448.0
440.5
452.1
hand, outlays for commercial and other Personal income
Wage and salary disbursements
289.9
271.3
278.8
295.9
297.8
299.7
295.8
303.3
community facilities appear to have
110.4
118.1
117.8
117.2
Commodity-producing industries
110.8
115.0
118.0
118. 3
Manufacturing only
91.9
94.1
87.4
87.5
94.4
93.6
94.0
94.6
leveled off for the moment after ac74.9
76.5
71.8
72.9
76.1
Distributive industries
78.1
76.2
77.1
45.1
45.9
43.4
46.9
47.3
46.3
Service industries
48.1
40.7
counting for about half of the total
54.9
48.4
56.4
57.5
51.8
55.8
Government
58.8
56.2
increase in fixed investment over the
Other labor income
12.0
12.4
12.3
11.0
11.4
12.3
12.5
12.6
past 2 years.
Proprietors' income .__ _ __
46.2
49.1
49.7
50.9
49.8
47.8
49.5
50.7
36.2
34.2
34.8
36.8
37.3
36.8
Business and professional
37.0
37.7
The OBE-SEC survey of business
12.9
Farm
13.1
12.8
12.8
13.6
12.0
13.0
13.0
investment intentions indicates a re12.6
12.3
12.8
12.9
12.8
Rental income of persons
11.9
12.9
13.0
sumption of the investment rise in the
Dividends
15.0
15.8
14.4
15.8
16.4
15.9
15.8
16.4
current quarter.
Personal interest income.
__ __.
27.4
29.4
30.6
29.7
25.8
28.8
30.0
31.3
Housing activity off

Residential construction was the only
major GNP component to show a
decline in the first quarter, being down
about $1% billion from the closing
quarter of 1962. This was the third
successive year in which the year began
with a sharp drop in housing activity
and reflected a series of unusually severe
winters, and possibly, in addition,
improper seasonal adjustments.
Housing starts, which were off sharply
(after seasonal correction) in January
and February, recovered sharply in
March, and though still short of the
best 1962 months suggested some
recovery in dollar outlays for the second
quarter.

29.4

33.4

34.6

34.1

34.2

34.4

35.7

36.5

11. 1
2.8

12.6
4.0

14.3
3.0

13.7
3.3

14.4
2.7

10.9

12.0

12.5

12.3

12.3

14.5
2.7
4.7
12.5

14.8
3.2
4.9
12.7

14.9
3.0
4.8
13.8

9.2

9.7

10.5

10.3

10.5

10.5

10.6

11.8

_

51.4
44.0
7.4

52.8
45.0
7.8

57.6
49.1
8.5

56.4
48.0
8.4

57.7
49.2
8.5

58.5
49.9
8.6

58.7
50.1
8.7

59. 6
50. $
9.0

Equals : Disposable personal income

349.4

363.6

382.9

375.6

381.8

384.1

389.3

392.6

Less: Personal consumption expenditures,. _ _ _ _

328.5

338.1

356.7

350.2

354.9

358.2

363.5

367.8

20.9

25.6

26.2

25.4

26.9

26.0

25.8

24.8

317.3

327.3

341.6

336.6

340.9

342.1

345.8

347.1

Transfer payments

_

Old-age and survivors insurance benefits .
State unemployment insurance benefits
Other

.

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

Table 3.—Gross National Product by Major Type of Product in Current and Constant
Dollars (1-6, 1-7)
1962
1960 1961 1962




I

II

III

1962

1963
IV

1

1960 1961 1962

Seasonally adjusted at
annual rates

Federal outlays sharply higher

Government expenditures for goods
and services contributed over $3 billion
to the $8 billion rise in GNP noted for
the first quarter. A sharp rise in
defense outlays, the largest in over a
year, accounted for most of this increase.
There was only a modest increase, less
than $1 billion, in State and local government as unfavorable weather effected
. a slight reduction in construction activity following sharp increases in the
latest 1962 quarters.
Government outlays thus continued
to play an important direct, as well as
indirect, role in the expansion of eco-

-

Billions of current dollars

I

II

III

1963
IV

I

Seasonally adjusted at
annual rates
Billions of 1954 dollars

_ 503.4 518.7 553.9 545.0 552.0 555.3 563.5 571.8 440.2 447.9 471.9 467.4 470.8 471.6 477.7 482.7

Gross national product
Final sales
Inventory change --

499.4 516.6 550.6 538.3 547.9 554.2 562.3 568.7 436.5 446.0 468.9 461.5 467.2 470.8 476.5 479.7
4.1 2.1 3.2 6.7 4.0 1.0 1.2 3.0 3.7 2.0 2.9 5.9 3.7
.8 1.3 3.0

Goods output
Final salesInventory change

258.2 259.4 276.9 274.9 276.7 275.7 280.4 286.2 234.0 233.5 247.7 246.4 247.1 245.8 251.5 255.2
_ _ 254.1 257.2 273.7 268.2 272.6 274.7 279.2 283.1 230.3 231.5 244.8 240.5 243.4 245.0 250.2 252.2
4.1 2.1 3.2 6.7 4.0 1.0 1.2 3.0 3.7 2.0 2.9 5.9 3.7
.8 1.3 3.0

97.2 94.0 104.5 103.4 104.5 104.9 105.6 108.3 85.0 82.1 90.8 89.9 90.3 90.8 92.5 94.7
_ _ __ 95.0 94.0 102.9 99.9 102.6 103.0 106.4 108.6 82.9 82.0 89.5 87.0 88.7 89.1 93.2 94.9
.1 1.4 2.9 1.6 1.6 -.7 -.2
.0 1.6 3.5 1.9 1.9 -.8 -.2 2.1
2.3

Durable goods ouput
Final sales
_ _
Inventory change
Nondurable goods output
Final sales
Inventory change- Services
Construction

_ _

160.9 165.4 172.4 171.5 172.2 170.8 174.8 177.8 149.1 151.4 156.9 156.5 156.8 155.0 159.0 160. 5
159.2 163.3 170.8 168.4 170.0 171.7 172.8 174.5 147.5 149.5 155.3 153.5 154.7 155.9 157.0 157. 3
-- 1.8 2.1 1.6 3.1 2.2 -.9 2.0 3.3 1.6 1.8 1.6 3.0 2.1 -.9 2.0 3.2

- _ _ _ _ _ _

188.6 200.7 214.8 211.1 213.5 215.9 219.5 223.2 158.3 165.2 173.0 171.8 172.7 173.7 174.3 176.8

56.7 58.6 62.1 59.0 61.8 63.6 63.7 62.4 47.8 49.3 51.2 49.2 51.0 52.1 51.9 50.7

Addendum : Auto product 1 -_-... 20.8 17.5 21.5 20.1 21.1 21.6 23.2 23.0 17.3 14.5 17.8

16.8 17.4 17.7 19.4 19.3

1. Data for 1947-62 were presented in the February 1963 SURVEY OF CURRENT BUSINESS, pp. 14 and 15.

SUEVEY OF CURRENT BUSINESS

8

May 1963

Up to a point, recent experience
conforms to this pattern, in that there
was a 2l/2 percent decline in unit labor
costs in the first year of economic expansion. So far, however, there is no
clear indication of a rise in unit labor
costs at all comparable to that of
1955-57.
Among the many factors bearing on
this development, certainly one of the
most important is the absence of any
real pressure on the labor supply, such
as existed in 1955 and 1956.
Indicative of the change in the labor
market over the past few years, the
unemployment rate averaged 5.6 percent of the labor force in 1962 as compared with 4.2 percent in 1956. Reflecting the easier labor market, wage
rates in manufacturing have risen only
2% percent in the second year of the
current expansion, as compared with
nearly 5 percent in the comparable
months of the 1954-57 expansion.

ment life insurance was slightly upward, about $1 billion monthly. Wages
and salaries moved upward by a
somewhat greater amount.

Personal Income Higher

Personal income moved up further in
the first quarter. The increase from the
fourth quarter came to just over $4
billion, bringing the total to $452 Unit Labor Costs Stable in
billion, at an annual rate, and an inRecent Quarter
crease of about 4% percent over a year
As indicated in the accompanying
ago. The first quarter rise would have
chart,
employee compensation per unit
been slightly larger except for the
of
real
corporate output—unit labor
statutory increase of $1 billion in emcost—normally
declines in the early
ployee social security contributions.
stages of recovery. This is usually
Satisfactory data on first quarter corexplained as due to the fact that rising
porate profits are not yet available, output makes it possible to spread
but there was an increase of $3 billion overhead over a larger volume of outin the final quarter of last year, to a put and to incorporate economies
record high of $54 billion, and on the stimulated by the preceding recession.
basis of fragmentary data for the first In the 1954-57 expansion, this decline
quarter, they are believed to have held was, however, normally reversed after
a period of 6 quarters, as less efficient
close to that figure.
units
of labor and capital were drawn
The trend in personal income, apart
from special factors, such as a heavy into the productive process and pressure
concentration of dividends on Govern- on wage rates developed.




UNIT LABOR COSTS - CORPORATE

SECTOR

Recent Stability Contrasts With Strong Rise in Earlier Postwar Period • . •
$ Per Unit
of Output

.80

.75
.70
.65
.60
.55

i

1953

54

55

56

57

58

59

60

t

I I

62

61

T I

63

as Production Rise Since Early 1961 Outstrips Payroll Advance
Index

115

INDEX OF UNIT LABOR COST, TROUGH OF
EACH RECESSION = 100
1954-57

110

105
1958-60

100

95
I

90

4

5

6

7

8

9

Quarters After GNP Trough

10

11

12

13

14

f

SURVEY OF CURRENT BUSINESS

May 1963

Table 4.—Relation of Gross National Product, National Income,
and Personal Income (1-17, 1-18)

Table 6.—Personal Consumption Expenditures by Major Type (II-6)
[Billions of dollars]

[Billions of dollars]

1962
1962

1963

I
1960

1960

1961

1962

I

11

III

IV

1961

II

1963

III

1962

I

I

IV

Seasonally adjusted at
annual rates

Seasonally adjusted at
annual rates
328.5 338. 1 356. 7 350.2 354. 9 358. 2 363.5

Goods and services, tnt.a1

503.4 518.7 553.9 545.0 552.0 555.3 563. 5

Gross national product

48.3

48. 8

460.2 473.4 506.3 498.0 504.5 507.8 515.3

523.0

Less: Indirect business tax and non46.5 48.2 51.6 50.2 51.4 51.8 52.9
tax liability _
Business transfer payments
2.1
2.1
2.1
2.1
21
2.1
2.1
Statistical discrepancy
-3.4 -3.1 -3.8 —1.4 -4.0 -4.3 -4.8

53.9
2.1
n.a.

Less: Capital consumption allowances. 43.2
Equals : Net national product

Plus: Subsidies less current surplus of
government enterprises
Equals : National income
Less: Corporate profits and inventory
valuation adjustment
Contributions for social insurance
Excess of wage accruals over disbursements

.5

1.7

47.6

1.7

47.0

1.8

47.5

47.5

1.8

1.8

1.2

1.6

415.5 427.8 558.0 448.9 456.7 459.8 466.6

n.a.

Durable goods, total

44.8

43.7

367. 8

47.5

46.3

47.2.

47.1

49.6

50.0

20.3

19.3

21.5

21.5
20.8

Automobiles and parts

18.8

17.2

20.1

19.1

Furniture and household equipment
_

19.1

19.3

19 9

19.7

19.3

20.1

20.5

7.0

7.3

7.6

7.5

7.6

7.6

7.6

7.7

151.8 155.2 162.0 159.9 161.3 163.0 163. 9

165.5

Other _
Nondurable goods, total
Food and beverages

79.9

81.1

84.7

83.7

84.2

85.3

85.6

86,5

Clothing and shoes

28.1

28.6

30.0

29.8

29.8

30.3

30.2

30.3

Gasoline and oil

11.7

11.9

12.5

12.1

12.3

12.5

12.8

12.9

45.6

45.5

51.5

50.4

50.7

51.0

54.0

n a.

Other

32.5

33.6

34.8

34.3

34.9

34.8

35.2

35.9

20.6

21.6

23.9

23.6

23.9

24.0

24.2

26 6

Services total

131.9 139.1 147.1 144.1 146.3 148.1 150.1

152. 3

.0

.0

.0

.0

.0

.0

.0

.0

Plus: Government transfer payments
27.3
to persons
__
__ _ _
Net interest paid by government- 7.8
14 4
Dividends
Business transfer payments
2.1
Equals: Personal income

45.3

571. 8

33.5
7.6
16.4
2.1

34.3
7 8
16.4
2.1

400.8 416.4 440.5 432.0 439.5 442.6 448. 0

45Z. 1

31.3
7.3
15 0
2.1

32.4
7.4
15. 9
2.1

31.9
7.3
15.8
2. 1

32.0
7.4
15.8
2.1

32.3
7.5
15.8
2.1

Housing

.

Household operation

41.8

43.9

46. 0

45.2

45.7

46.2

46.8

47.4

19.6

20.6

21.7

21.3

21.8

21.9

22.0

22.3

Transportation

10.7

11.1

11.6

11.5

11.5

11.6

11.8

12.0

Other-,

59.7

63.4

67.8

66.0

67.3

68.4

69.4

70. fi

Table 7. — Foreign Transactions in the National Income Account

(IV-2)

[Billions of dollars]

Table 5.—Government Receipts and Expenditures (111-3, 111-4)

1962

1963

[Billions of dollars]

1960
1962
1960

1961

1962

i

II

III

Personal tax and nontax receipts- _
Corporate profits tax accruals
Indirect business tax and nontax
accruals _
_ __
Contributions for social insuranceFederal Government expenditures

96.9

98.3 108.2 105.9 108.4 108.9 110.5

44.0
21.2

45.0
21.0

15.0
20.5

48.0
23. 0

49.2
23.4

49.9
23.5

50.1
24.5

at

n.a.
50.5
n.a.

15.3
20.7

15.5
23.0

93.1 102.1 109.5 108.3 109. 0 109.8 112.0

114.9

14. 1
17.6

13.9
18.4

49.1
23.6

14.6
20.3

15. 2
20.5

15.0
20.5

Purchases of goods and services

53.2

57.0

62.4

61.9

62.1

62.7

63.4

65.9

Transfer pavments
To persons
Foreign (net)

23.8
22.2

27.4
25.8

28.5
26. 7

28.0
26.3

28.0
26.3

29.5
27. 7

29.9
28.4

1.7

1.7

28.5
26. 7

__

1.6

1.6

1.7

1.8

1.8

6.3

7.0

7.7

7.5

7.9

7.5

8.0

8.3

Net interest paid

7. 1

6.6

6.7

6.6

6.7

6.8

6.9

7.1

Subsidies less current surplus of
government enterprises

2.8

4.1

4.2

4.3

4.3

4.3

4.3

3.8

-2.4

-.7

—.9 -1.4

n.a.

57.4

57.8

59.3

n.a.

9.0

State and local government receipts. _ _ 50.4

53.6

57.7

Personal tax and nontax receipts- _ 7.4
Corporate profits tax accruals
1.3
Indirect business tax and nontax
accruals _ .
32.5
Contributions for social insurance- 3.0
Federal grants-in-aid. _ _ _ _ _ _ _
6.3

7.8
1.3

8.5
1.4

8.4
1.4

8.5
1.4

8.6
1.4

8.7
1.5

n.a.

34.2

36.6

35.6

36.2

36 9

37. 6

38.4

State and local government expenditures _ ~
_ Purchases of goods and services
Transfer payments to persons
N e t interest paid - _ _ _ _ _ _ _
Less: Current surplus of government enterprises
Surplus or deficit ( — ) on income and
product account

Receipts from abroad

26.4

27.3

28.4

28.2

29.0

28.3

28.2

26.4

27.3

28.4

28.2

29.0

28.3

28.2

27. 9

26.4

27.3

28.4

28.2

29.0

28.3

28.2

27.9

23.5

23.3

25.2

24.5

25.3

25.8

25.0

24.7

1.6
2.4

1.7
1.5

1.7
2.0

1.7
2.0

1.8
.7

1.8
1.4

1.4
1.8

Payments to abroad
Imports of goods and services
Net transfer payments by Government
Net foreign investment

2




1.6
1.3

3.4

7 7

3.3
7.5

3.4
7.9

3.4
7.5

3.5
8.0

3.6
8.3

50.0

54.2

58.8

57.1

57.8

59.3

61.2

62.0

46.5

50.4

55.0

53.3

54.0

55.5

57.3

58.1

5.0
7
2. 2

.4

5.4

.7

2.4

5.7
7

5.6
7

2.6

2.5

-.6 -1.1

-.8

5.7
7
2. 5

5.6

.7

2.6

-,4 -1.4

5.8

.7

5.9
.7

2.6

2.7

-1.9

n.a.

27.9

Table 8.—Sources and Uses of Gross Saving, Seasonally Adjusted
Quarterly Totals at Annual Rates (V-2)
[Billions of dollars]

1962
1961

1962

i

II

1963

III

I

IV

Seasonally adjusted at
annual rates

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 -

Statistical discrepancy
Not available.

72.9

79.2

84.3

82.5

84.5

83.7

85 7

n.a.

20.9

25.6

8.3

26.2
10.3

25.4

9.9

26.9
10.3

26.0
10.3

25.8
10.9

24.8
n.a.

0

2

.3

8

45.3

47.6

47.0

— 2
47.5

—.1

43.2

47.5

48.3

na
48.8

.0

.0

.0

.0

.0

.0

.0

.0

8.6
2

4.2 -4.4

-2.4

-3.3

3.8 -3.8 -1.3 -2.4
0
.4 -.6 -1.1

_
__

Gross private domestic investment
Net foreign investment

n.a.

n.a. Not available.
684077—63

3.2
7.0

56.3

1

IV

Exports of goods and services

Gross private saving

-1.3

III

Seasonally adjusted at
annual rates

1960

3.8 -3.8

II

I

1.4

Grants-in-aid to State and local
governments

Surplus or deficit (— ) on income and
product account
_

1962

I

IV

Seasonally adjusted
annual rates
Federal Government receipts

1961

1963

-2.4

-3.3

n.a.

-.7 -.9 -1.4
-.4 -1.4 -1.9

n.a.
n.a.

-1.1

73.7

71.7

78.1

77.8

79.4

77.0

77.6

78.5

72.4
13

69.3

76.6

75.9

77.4

76.3

76.2

76.8
1. S

-3.4

2.4

-3.1

1.5

2.0

-3.8 -1.4

2.0
-4.0

.7

1.4

-4.3 -4.8

n.a.

By John A. Gorman

Capital Formation, Saving, and Credit
E,ECONOMIC

activities which are
usually financed by borrowing were
higher in 1962 than in 1961, and the
advance has continued into the opening' quarter of 1963. Private investment outlays in 1962, at $76K billion,
were $7 billion above 1961, while
consumer durable goods purchases rose
S4 billion to a total of $47 K billion.
State and local government construction spending amounted to $14 billion,
S'i billion above 1961. While the
Federal Government's deficit on income
and product account was unchanged at
-$3% billion/ increased lending activities and the desire to hold up short-term
interest rates were reflected in increased
Government borrowing.
Gross corporate saving—retained
profits plus capital
consumption
allowances—was $6 billion above the
1961 rate, while personal saving and
noncorporate capital consumption allowances each rose about $1 billion.
Nevertheless record volumes of debt
and liquid assets were created in the
savings-investment process.
Net public and private debt rose $73
billion in 1962 to a yearend total of
over $1 trillion. Corporations, individuals, and governments each owed
about one-third of this total. In 1961,
total debt had risen only $55 billion.
The advance in the pace of borrowing
was sharpest in consumer credit and
multifamily residential and commercial
mortgage debt, which rose $5/2 billion
and $8 billion, respectively, last year
as compared with $1% billion and $6
billion in 1961. Mortgage borrowing
on 1- to 4-family residential properties
also moved up noticeably—$15 billion
was added to net indebtedness on this
account, one-third more than in the
1
Making rough allowances for the investment tax credit
arj.4 the change in depreciation rules.

10



previous year. Other categories of
debt expanded at somewhat more than
the 1961 pace: Federal net debt was
up $8 billion, State and local governments' debt rose $6/2 billion, while
corporations added $9% billion to their
long-term debts other than mortgages
and $12^2 billion to their short-term
obligations. Fragmentary data indicate that borrowing in most categories
has continued to expand so far this
year.
The increased borrowing was handled
with little strain on the money and
capital markets during the past 15
months as monetary policy was oriented

toward providing sufficient bank reserves to foster economic expansion.
Under these circumstances, a peacetime record volume of $29K billion was
added to the public's holdings of liquid
claims on banks and other financial
institutions in 1962, $9 billion more
than was added in 1961. The growth
in liquidity apparently has accelerated
in early 1963. The most spectacular
manifestation of this development last
year was the $15-billion rise in commercial bank time and savings deposits.
Other forms of liquid asset holdings also
increased at better than the 1961 pace.
Long-term interest rates have tended to

Table 1.-—Sources and Uses of Corporate Funds, Annual, 1959-62; Half Years, 1959-62 1 [Millions of dollars]

1959

Sources, total
Internal sources, tot 3al 4
Retained profits
Depreciation 4 .

_
-~

External long-term sources, total
Stocks
Bonds
Other debt..
- . ..
Short-term sources, total
Bank loans
Trade payables
_ ._
Federal income tax liabilities
Other
.
- -

1961

2d l a l f

1962

,

,

19,19

1960

1961

1962

1959

I960

1961

.

1962

57.1

44.1

51.8

57.6

28.0

22.0

19.9

26.6

29.2

22.1

:u.9

31.1

31. 1
9. 5
21. (i

30. 4
7.3
23. 1

32. ()
7.3
24.8

35.4
9.2
26 •>

16. 1
5.4
10. 6

15. 7
4.3
11. 4

15.2
3.0
12. 1

17. 7
4.7
12.9

15. 1
4. 1
11.0

14. 7
3.0
11. 7

16. 9
4.2
12. 6

17.7
4.5
13.2

9. o
3 7
4 1
1. H

9.8
3.0
5 0
1. 7

11.1
4. 5
5 1
1.4

9. 6
2 1
5 0
2.5

4.5
2. 1
18
.6

4. 6
1. 6
2 0
1.0

9 1

6.2
2 8

1 4

5 2
1 4
3 1
7

4. 9
1 7
2 4
8

4.5
6
2 3
1.6

16 0

3 9
13
2 0
-1.5
1.6

8. 7
4
6.0
.6
1.7

12 6
3 0
5. 5
1.0
3.1

2 1

10 1

5 4
5.3
2. 1
3.7

Uses, total

1st h a l f

1960

.6

1.0

5.1
1 6
2 3
1. 1

1 8 —1 4
7 4
9 5
13 — 4
.1
1.2
1. 7
. 4 -2.4 -2. 1
2.8
1.7
1.0

3 7
6
1.5
—.5
2. 1

9 1
2 8
3.6
1.7
.9

1 4
.9
—.1

5 9
2 7
.7

8 9
2 4
4. 1
1.4
1.0

(5)

52.1

41.1

48.3

52.2

26.0

20.1

18.7

24.7

26.1

20.9

29.6

27.5

34. 2
27 7
6 6

33. 4
30. 8
2 6

31.3
29.6
1.8

34.5
32.0

17.7
12.8
4.9

18. 5
14.6
3.9

14. 1
13.9
1

18.4
15. 1
3 3

16.5 14 9
14.9 16. 1
1 6 —1 2

17 3
15. 7
1 6

16. 1
16.9
— 8

17.9
Increases in financial assets, total
Receivables
10 9
2.4
Consumer
8.4
Other
Cash and U.S. Government securities. _. 2. 9
—1 1
Ca^h (including deposits)
4.0
U.S. Government securities
4. 1
Other assets

7. 7
7 6
1.6
6.0
-3. 1
— 2
—2 9
3. 1

17.0
9 6
.1
9.5
2.5
2 9
-.4
4.9

17.7
11 2

1.6
4. 6
8.3
6.3
5 4
2 7
3 7
5 5
(5)
-.1
-1.9
3.8
5. 5
4.6
5.6
. 1 -4.3 -1.0 -3.0
— 1 9 —2 6 — 8 —2 9
2 -. 1
2.0 -1.7
.3
5. 4
3.9
2 2
3.0
2.7

9.6
6. 1
5 3
4 0
2.5
1.7
2.8
2.2
2.9
1.2
9
2 3
2.0 -1.2
1.4
.9

12.3
6 9
2 0
4.9
3.5
3 8

1.9

11.4
5 8
2.6
3.3
4.0
3 6
.4
1.5

-2.3

-3.6

Increase in physical assets, total
Plant and equipment
_Inventories (book value)

_-

Discrepancy (uses less sources)

-5.0 -3.0

-3.4

2.5

2.5
8.7
1.0

-5.4

-2.0

-1.9

-1.2

-1.9

-3.1 -1.1

9

1. Data for 1946-55 may be found in Table V-10 of U.S. Income and Output; 1956-58 estimates are in table 34 of July 1962
Survey.
2. Excludes banks and insurance companies.
3. Includes depletion.
4. Does not reflect revisions in depreciation accounting introduced in 1962.
5. Less than $50 million.
Sources: U.S. Department of Commerce, Office of Business ?]conomics, based on Securities and Exchange Commission
and other financial data.

May 1963

drift downward throughout the period
under review. Short-term rates, however, moved up under the impact of
specific policies adopted to safeguard
our gold stock. In recent weeks, as
economic activity has accelerated there
has been apparent a tendency for
borrowing costs to move moderately
upward.
Financial Institutions
Monetary policy in 1962 and so far
in 1963 permitted a peacetime record
advance in the total of bank time arid
demand deposits. The flow of savings
into iionbank financial intermediaries
also continued to advance. These substantial institutional fund supplies
spurred the institutions to seek out
available investments and most longterm interest rates have tended to ease.
Monetary policy easy

The Federal Reserve System kept
bank reserve positions relatively easy
throughout 1962 and into the opening
quarter of 1963. The ease was signaled
by the maintenance of an average net
free reserve position upward of $400
million till the closing months of 1962
and in the neighborhood of $300 million
since, despite a record advance in the
volume of bank credit. As indicated in
the chart on this page, this was a distinct departure from the experience of
previous cycles. During the earlier
expansions, the net reserve position
turned negative as the monetary authorities exerted pressure on bank reserve
positions,
As in other recent years, open-market
operations were the principal instrument of monetary policy. The Federal
Reserve added $1% billion to its holdings of Treasury securities—$K billion
more than needed to offset the gold
outflow. Over the first quarter of
1963,
Federal Reserve holdings remained constant, at a time when the
normal seasonal influences are reflected
in a reduction in System holdings.
In addition to providing bank reserves to sustain economic advance,
the monetary authorities attempted to
minimize gold outflows by exerting
upward pressure on short-term interest
rates in the United States. In pursuance of this objective, the Federal




SUKVEY OF CUEEENT BUSINESS
Reserve continued to deal in intermediate and longer term securities instead
of confining itself to "bills only/ 7 The
Federal Reserve sold or redeemed more
short-term, issues than it bought, so
that the entire increase in System
holdings was in securities with a maturity greater than one year. This technique simultaneously increased the supply
of short-term instruments on the money
market, while adding to the demand for
long-term securities.
With the increase in seasonal demand
for funds last fall, the monetary authorities reduced reserve requirements
against time deposits from 5 percent to
4 percent, thus adding the equivalent
of $700 million to bank reserves. There
was no change in the discount rate.

11

loan categories showing expansion—
finance companies, security loans, and
farm loans each rose by about $1
billion.
During the first quarter of 1963, the
banks continued to be very active in
the mortgage, tax-exempt bond, and
consumer lending areas while adding
substantially to their holdings of U.S.
Government securities. Business loan
BANK CREDIT DEVELOPMENTS
As Compared With Other Periods of Cyclical Rise*
Percent

20

p ERC:ENT INGRES^SE
OODS OUTPU T

IN VALUE

0F G

-

10 —

Bank credit expands at record pace

The loan and investment portfolios
of the commercial banking system rose
$18 billion during 1962. This pace has
accelerated in the first quarter of 1963,
to an annual rate approaching $29
billion.
The role of monetary policy in facilitating this expansion has been noted
above. A shift in holdings from demand to time deposits following the
introduction of higher time deposit
interest rates last year also contributed
to bank lending ability as reserve requirements against time deposits are
much smaller than those against demand deposits. Reflecting this shift,
time deposits were up $15 billion by
yearend, demand deposits only $2
billion. During early 1963, these
trends continued, with time deposits
up $17 billion at annual rates and
demand balances $3 billion higher.
All categories of bank credit rose
last year, except investments in U.S.
Government obligations: holdings of
such securities were down $% billion at
the end of 1962 from the total held at
the opening of the year. As shown in
the chart on this page, the banks were
especially active in the markets for
tax-exempt securities and mortgages,
where holdings were increased by $5
billion arid $4 billion, respectively.
Bank loans to consumers increased
$2 billion, and after some hesitation
early in the year, business loan demand
picked up in the last half, and the banks
added $4 billion to their holdings. Other

Bank Reserve Positions Have Been Easy ,
Million $
500
AVERAGE NET FREE RESERVES

u

-500

and the Banks Increased Their Acquisitions of
Tax-Exempt Bonds and Real Estate Mortgages . , ,

Billion $
10

VZ

77*
State and Local Bonds

While Continuing to Meet Substantial Increases
In Consumer and Business Credit
10.0

5.0

I

I

Business Loans

VTA ,_
Consumer Credit

'54JU '55 TIE

'581 '591

'611 '621

to
to
'55TU '56m

to
'591

to
'621

to
'601

to
'631

"^Measured from the trough of the recession through
the eighth quarter
Data: FRB & QBE
U.S. Department of Commerce, Office of Business Economic*

63-5-6

SUEVEY OF CUEEENT BUSINESS

12
demand has tapered from the pace
reached in the closing quarter of 1962.
The expanded participation of commercial banks in the purchase of taxexempt securities and mortgages had
marked impacts on these markets.
Investments in State and local securities
approximated the net increase in the
outstanding total of such securities;
in most years, banks had taken a very
small portion of the volume of new
issues. In the real estate field, the
additional bank lending amounted to
about two-fifths of the increase in the
rate of net mortgage borrowing: banks
accounted for only one-tenth of net
lending in 1961.
As indicated in the chart on page 11,
this expansion into the tax-exempt and
real estate fields was in marked contrast to the experience of earlier business expansions. In these periods,
bank reserves were under pressure and
as consumer and business loan demand
rose, banks had cut back their purchases of tax-exempt securities and their
lending on mortgages.
Other savings institutions step up
activity

Other savings institutions added $21
billion to their investment and loan
portfolios in 1962: this was nearly $3
billion more than they had invested in
1961. The rise in their lending has
continued into the first quarter.

As in most recent years, the rapid
growth of the savings and loan industry
sparked the advance in the nonbank institutional total: these institutions
added $11K billion to their assets last
year, $1 billion more than in 1961. The
increase was financed largely by a continued growth ($9K billion) in individuals' share capital, the balance by
increases of about $800 million in borrowings from the Federal Home Loan
Banks and by the reinvestment of
earnings. With saving and loan investments practically restricted to the
real estate area, $10 billion was added
to the associations' mortgage loan
portfolios and liquid balances were increased by $900 million.
As interest rates on bank time deposits were raised early in 1962, there
was a moderate slowing in the pace at
which saving and loan deposits advanced. Many savings and loan
associations thereupon raised their dividend rates to remain competitive.
With the restoration of a more competitive rate relationship, the expansion
in saving and loan share capital moved
up in the second half of 1962.
Mutual savings banks reported substantial advances in the pace of
operations: as deposits rose $8/2 billion,
loans moved up by a similar amount.
Practically all of the advance in mutual
savings bank assets went into the real
estate mortgage market.

Table 2.—Sources and Uses of Corporate Funds by Industry, Years Ended December 31,
1959-62 i
[Billions of dollars]
Manufacturing and
mining

Transportation other
than rail

Railroads

Public utilities and
communication

1959 1960 1961 1962 1959 1960 1961 1962 1959 1960 1961 1962 1959 1960 1961 1962
Sources, total .__

_ . __ 25.4 20.1 24.6 26.2

0.7
i
7.5 6.1 5.9 7.8
10.6 11.3 12.0 12.7
.9
1.4 1.6 2.3 2.0 — 2
5.8 1.0 4.3 3.8
.1

23
Retained profits
Depreciation 3
External long-term 6sources »
Short-term sources

22.5 16.6 22.2 22.4

Uses, total Plant and equipment
Inventories (book value)
Receivables and misc. assets
Cash and U.S. Government
securities
Discrepancy
sources)

(uses

0.6

1.8

8.7

8.0

8.8

8.8

2 -.2 -.1 (4)
-.1 (4)
(4)
!Q .8 .8 1.3 1.4 1.6 1.6
.1
.5
-.2
.3
.3
.1 ( 4 )
.7
.1
.1
.1
(4)

.5
3.3
3.8
1.1

.5
3.6
3.5
.4

.5
3.8
3.8
.6

.6
4.1
3.4
.7

9.0

9.0

9.7 10.2

0.6

0.6

2.5

1.8

2.0

1.0

.8

.8

.8

2.3

1.8

12.9 15.3 14.5 15.5 1.0
4.4
.9 1.3 2.0 (4)
3.9 2.6 5.8 3.8 (4)

1.0
(44)
()

.7
(44)
()

.8
(44)
()

1.8
(4)
.4

1.7 1.7 1.8
(4)
(4)
(4)
.2
.1

-.2

.1

.2

.2

1.3 -2.2

.6

1.0 (4)

less

-2.9

-3.4 -2.3 -3.9

.3

. 1 (4)
_ 2

.1

2.1

1.8

8.3 8.8 8.7 9.1
. 1 -. 1 (4)
(4)
.5
.5
.5
.6

.2 -. 1

.1

2

.5

.4

4
-1 ( )

.3

1.0

.9

1.3

1. Data for the year ended June 30, 1958 may be found on p. 22 of the November 19G1 Survey; statistics for years ended
June 30, 1959-62 are on p. 4 of the November 1962 Survey.
2. Includes depletion.
3. Does not reflect revisions in depreciation accounting introduced in 1962.
4. Less than $50 million.
5. Includes stocks, bonded debt, long-term bank loans, mortgages and other long-term debt.
6. Includes short-term bank loans, trade payables, Federal income tax liabilities, and miscellaneous liabilities.
Source: U.S. Department of Commerce, Office of Business Economics, based on Securities and Exchange Commission,
and other financial data.




May

1063

The net inflow to life insurance
companies-—which for some years had
been stationary at around $5% billion,
rose in 1961, and last year continued
to advance. In 1962 the companies
added $6}£ billion to their assets—$700
million more than in 1961. The increase was invested in mortgages and
purchases of foreign securities. There
was little net change/in holdings of
Federal securities, which had declined
steadily in the preceding decade.
Financial markets

The financial markets were general!}'
easy last year, with long-term interest
rates declining moderately. In the
short-term area, however, there was a
slight upward drift in yields. So far
in 1963, there has been some tendency
for market interest rates to move
upward.
All categories of long-term debt instruments were carrying lower yields at
the end of 1962 than at the beginning,
but during the first quarter, yields on
U.S. Government securities moved up,
while corporate bond yields moved
down and State and local yields showed
little change. There were also marked
differences within the past year: State
and local yields moved down rapidly to
the fourth quarter, and then moved up.
The course of long-term U.S. Government securities was similar, except that
the drop was not as great proportionally
as on the tax exempts. Corporate
yields and yields on FHA mortgages
moved down consistently throughout
last year and into the first quarter of
the current year. In recent weeks
there has been a noticeable firming of
the bond market as prospective financing needs of the Federal Government
and new offerings by corporations and
State and local securities have been
announced.
The upward course of short-term
yields at a time wrhen long-term rates
were declining stemmed primarily from
the policies of the Treasury and the
Federal Reserve, in expanding the
volume of these issues in order to depress their prices. This policy was
undertaken to minimize gold outflows
and stimulated a record increase in
foreign holdings of short-term U.S.
Government securities. Yields have

SURVEY OF CUERENT BUSINESS

May 1063
Table 3.—Personal Investment and Related
Financing, 1958-62 l
[Billions of dollars]
1958

1959

1960

1961

31.2

36.9

36.8

35.4

38.5

New nonfarm housing. 15.4
Noncorporate inventories and fixed in15.8
vestment

19.2

18.4

16 8

17.7

Investment

Borrowing
Residential mortgage
debt, gross of amortization
Business and farm
debt

1962

17 7

18 4

18.6

20 8

25.2

30.3

28.3

31.6

36.5

17.4

21.9

20.1

23.1

27.1

7.7

8.4

8.2

8.5

9.4

1. Estimates for the 1946-57 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,

continued to move up moderately in
the first quarter of the current year.
Common stock prices reached their
peak in December 1961, and then
tapered off gradually through April.
In May, they fell sharply and then
continued to decline through June.
Prices fluctuated at relatively low levels
through the balance of the summer and
fall, but started rising sharply in November and have continued to rise since.
As of early May 1963 stock prices had
not quite returned to the peaks attained in December of 1961. With the
drastic fall in prices, earnings-price
ratios rose sharply, while the combination of improved profits and higher
dividends has kept this ratio relatively
high despite the recent rise in prices.
Corporate Finance
Corporate investment and working
capital fund uses and internal sources
have both expanded over the past year.
Corporations used about the same
volume of external long-term financing
last year as in 1961, and there was little
change in the total of liquid assets held.
Similarly, with fixed investment showing little change, the $!}£ billion rise
in internal funds during the first quarter
of 1963 was sufficient to finance the rise of
similar amount in inventories and other
working capital.
Corporate investment rises

Corporate plant and equipment outlays
continued to advance slowly from the
lows reached during the 1961 recession:
by the third quarter of last year they



13

had finally surpassed the peak reached
in the third quarter of 1957. The advance was most marked in the "commercial and other' 7 category, which
rose about 12 percent during 1962.
Also showing a substantial advance
was the manufacturing group, which
rose about 7 percent over the comparison period. Most other industries
showed little advance.
In addition to the rises in the plant
and equipment category, the construction and purchase of apartment houses
by real estate corporations—included in
"other assets" in the table—'also showed
a marked rise. Such construction is
now running at the highest pace in
history, having exceeded the previous
record set in 1927 ever since early 1961.
The failure of plant and equipment
outlays to expand more quickly was the
subject of much discussion during the
year. The Administration introduced
a series of revisions in the rules for computing depreciation allowances on the
tax schedules which permit a faster
recovery of sums invested in new plant
and equipment spending. The Administration also proposed, and the
Congress enacted, an investment credit
against taxes equal, in most cases, to 7
percent of any equipment investment
undertaken during the tax year. These
proposals were expected to stimulate
investment both by adding to the cash
flow from which much investment is
financed, and by making feasible investments carrying expected before-tax
rates of return too low to yield a
satisfactory after-tax return under the
previous rules.

half of 1962, bank borrowing moved up
sharply after holding steady during the
early part of the year. Also contributing to financing short-term uses was
the continued growth in accounts
payable, which, of course, represent
sources to some corporations and uses
to others. With the increase in automobile sales, finance companies added
$2 billion to their portfolios of consumer
loans, which they financed by roughly
equal increases in their bank loans and
in their outstanding paper.

Working capital requirements
continue at high pace

Office is conducting a survey of the
extent to which corporations utilized
these privileges: results of this study
should be available in the near future.
First quarter profits results are not
yet known, but preliminary indications
are that the volume of profits plus
capital consumption allowances has not
changed significantly.
The recent movements of profits, and
therefore of internal funds, have differed
from those observed during earlier
periods of economic advance. Profits
normally rebound sharply from the
recession lows and reach a peak 4 to 6
months after the upturn. With continued economic expansion, profits have

Corporations added about $13% billion to their total gross working capital
last year—a total $2 billion above the
previous year. Inventories were increased by almost $2% billion, and
accounts receivable rose $11 billion.
Quickening economic activity early this
year has been accompanied by increases
in inventory buying and other working
capital items.
These working capital requirements
were financed both from retained earnings and depreciation allowances and
from an increased rate of borrowing
from commercial banks: in the last

Internal funds move up

Nonfinancial corporations' internal
funds—undistributed profits and depreciation charges—rose about $5% billion
during 1962. About $3K billion of this
advance came from the expansion in
business, while perhaps another $2
billion came from the tax relief provided
by the revisions in depreciation rules
and the investment credit. It should
be noted that the precise volume of tax
relief afforded is still unknown. This
Table 4.—Personal Consumption Expenditures arid Related Financial Flows,
1958-62 i
[Billions of dollars]
1958

1959

1960

1961

Personal consumption expenditures: Total
293.2 313.5 328.5 338.1
Durables only
37.3 43.6 44 8 43 7
2

Consumer borrowing
40.3
Secured by durables 2 _ 25.8

48.7
31.8

50.1
32.1

48.9
30.6

1962

356. 7
47 5
55.7
35.6

1. Estimates for the 1946-57 period may be found on p. 16
of the April 1961 Survey.
2. Gross of payment on installment debt.
Sources: Board of Governors of the Federal Reserve System,
and U.S. Department of Commerce, Office of Business
Economics.

SUKVEY OF CUEEENT BUSINESS

14
tended to fall or level out. In the
current expansion, the rebound from the
recession low was not so sharp as in
earlier ones, but the growth in profits
has continued. To a large degree, this
continued advance—apart from bookkeeping changes—reflects increasingly
successful attempts to keep costs under
control.
External financing holds steady

With internal funds more than keeping pace with investment and working
capital needs, corporations in the aggregate raised a smaller volume of funds
from external financing last year than
FINANCING COSTS STABLE
Interest Rates Showed Little Movement
Over the Past Year . . .
Percent

Corporate Aaa Bonds

\
U.S. Long-Term Bonds

U.S. Bills

'

,

-

While the Rise and Fall in
Stock-Financing Costs . . .
Earnings—Price Rati<

Stock Yields*

\

in 1961. There were offsetting develop- further declines. However, this should
ments among the major industry groups: be viewed in the light of the fact that
a rise in mortgage financing associated corporations did not act as if they were
with the apartment house boom partly overly concerned with their liquidity
offset declines in stock and bond financ- position. The companies switched
ing by other nonfinancial corporations. from demand deposits to less liquid
These conditions have continued so far time deposits, while at the same time
into 1963.
increasing their short-term bank debt
Following upon the break in stock by $3 billion.
prices, the volume of new stock issues
by corporations was substantially re- Consumer Borrowing Strong
duced, as stock issues by new firms
Household transactions have been
declined, and major companies empha- among the prime factors stimulating
sized bond issues due to changing price the economic advance of the past 12
relationships. The switch to bonds was months. During this period, consumer
particularly marked in the communica- outlays on autos and other durable
tions industry—which in 1961 had goods rose $4 billion and are currently
accounted for about half of total stock running at an all time record pace of
issues, excluding those of investment $50 billion. New home construction
companies. Investment company issues has moved up modestly while transacwere also off markedly: at $1.7 billion, tions in existing homes rose sharply.
they were $400 million less than in 1961. Reflecting these and other needs, perThe volume of new bond issues was sonal borrowing totaled $93 billion—
unchanged from 1961, as the switch $12 billion more than in 1961.
from stock to bond financing noted
5.—Persons' Financial Asset Accumuabove maintained volume despite the Table
lation and Debt Operation, 1958-62 *
decline in corporate need for external
[Billions of dollars]
funds. There was little change in the
1958 1959 1960 1961 1962
portion of bond issues publicly offered
versus that placed privately: both ac- Financial Asset Accumulation.. 26.3 30.5 21.3 30.1 39.3
counted for about half of gross new
Life insurance and pension
8.4 8.9 9.2 9.9 10.5
reserves
issues both in 1961 and in 1962.
3.9 3.5 4.2 4.5 4.8
Insurance reserves
4.5 5.4 5.0 5.4 5.7
Pension
reserves
However, corporate bonds were placed
21.6 12.1 20.2 28.8
Other
financial
assets
17.9
at progressively lower interest costs
9.8 11.9 19.8 28.6
16.1
Fixed-value
claims
throughout the year. The yield on new
Currency and de.9 3. 1
.3 -1.2
2.5
mand
deposits
issues rated Aa by Moody's Investors
Time and savings
8.8
15.1
4.1
deposits
at
banks,
5.0
7.7
Service declined from 4.54 percent at
Saving and loan and
9.3
7.2
8.3
6.3
10.0
credit
union
shares
_
the beginning of the year to 4.27 percent
U.S. savings bonds,
2
g
.4
-.5 -1.8
series A thru K
at year end.
Liquid assets rise

J

I

I

L

Reflected Principally the Wide Swing
In Stock Prices
Avg. $ Per Share

220
210
200

190
180

J_

_L

170

1

2

J_
3

4

1962

1
1963

Moody's average of industrials ( 125 stocks )
Data: FRB, Moody1 s Standard & Poor's/ & OBE
U,S, Department of Commerce, Office of Business Economics




63-5-7

May 1063

Corporations added $1 billion to
their liquid assets—deposits and U.S.
Government securities—last year, but
tliere were marked changes in the composition of such assets. Time deposits
rose by $2}^ billion, and U.S. Government securities rose about $300 million,
while demand deposits declined $1%
billion.
The rise in time deposits was sparked
by the higher rates of interest for such
deposits, and by the availability of
marketable time certificates of deposit.
These latter have expanded markedly
since early 1961, to a total of over
$6 billion. With corporate operations
and payables expanding last year, the
standard liquidity ratios showed some

2
2
.4
Marketable securities.. 1.8 11.8
U.S. Government- . -1.6 9.1 -2'.1 -1.4 1.0
State and local
. 2 -1.2
government
.8 1.8 1.2
Corporate and
g
.4
1.1 1.6
other securities.- - 2.6

Retirement of amortized
debt
.. 48.4 51.3

55.2 57.8 61.8

Nonfarm
residential
mortgages
. _ _ _ _ 8.2 8.7 9.2 10. 1 11. 1
Consumer installment
40.2 42.6 46.0 47. 7 50.7
credit
New borrowing 2
Residential and business (table 3) . _
Consumer and security
credit

65.9 79.1 78.7 81.5 93.5
25.0 30.3 28.3 31.6 36.6
10. 9 48.8 50.4 50.0 56.9

Net increase in debt
17.6 27.8 23.5 23.7 31.7
Residential and business. ._ 16.9 21.6 19.1 21.5 25.5
Consumer and security
. 7 6.2 4. 4 2.2 6.2
credit
Financial asset accumulation
less increase in debt- __ _.

8.7

2.6 -2.3

6.4

7.6

1. Estimates for the 1946-57 period may be found on p. 17
of the April 1961 Survey.
2. Gross of retirements.
Sources: 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.

SURVEY OF CURRENT BUSINESS

May 1963

buyers reduce their liquid assets or
incur debts on a greater scale than noncar buyers increase their liquid assets
or pay off debts.

MORTGAGE BORROWING MOVES UP
TO NEW PEAK
Mortgages on Multifam'ily Residential and
Commercial Property Especially Strong
Billion $ (ratio scale)

Auto buying sparks credit rise

30
NET CHANGE IN OUTSTANDING DEBT

20

10
8
Multifamily Residential
and Commercial
.1

1959

1960

^
A*
o

1961
Data:

U.S. Department of Commerce, Office of Business Economics

1962
FHLBB&OBE
63-5-8

The personal sector also increased its
financial savings last year—repayment
of amortized debts rose $4 billion to a
total of $62 billion while the acquisition of financial claims was $9 billion
higher than the year before.
The aggregate statistics for the personal sector combined two groups of
persons with opposite relations to the
markets for loan funds: the one group
was willing to purchase houses, autos,
and other durable goods even at the
cost of going deeper into debt; while the
other group was acquiring near-liquid
claims against financial institutions.
The first group sparked economic activity by borrowing, while the second
group dampened the course of economic
activity.
The spurt in automobile buying has
been the major factor underlying the
decline of the personal saving ratio from
the 7 percent level characteristic of
recent years to 6 percent in the first
quarter of 1963, a period when a
record volume is being added to liquid
asset holdings. During the postwar
era, periods of very high automobile
sales have generally recorded the lowest
saving ratios. In such periods, car



The past 12 months have been the
best auto-buying period since 1955.
Auto sales began to move up shortly
after the introduction of the 1962
models. With the introduction of the
1963 models in the fall of last year, auto
production moved into a much faster
pace: by April 1963, the production
rate had risen to levels exceeded only
in the boom year of 1955.
The rise in sales was accompanied by
a spurt in borrowing. Auto credit
extended aggregated $19% billion—
$3% billion above 1961. Net auto
credit extended during the first quarter
of this year at $200 million was up 57
percent as compared with the same
period a year earlier.
In addition to autos, consumers
stepped up their purchases of other
durables by 3 percent and of clothing
by 5 percent, while increasing their
borrowing to carry such goods by 10
percent. Additional needs for consumer credit were met by personal loans—
many for higher education—and by
repair and modernization loans.
Both commercial banks and sales
finance companies stepped up their
acquisition of consumer paper: in addition to a $2-billion increase in direct
lending by the former, finance companies added $1 billion to their bank
loans. Thus the banks financed directly or indirectly about three-fifths of
last year's expansion in net consumer
credit.
Mortgage borrowing up strongly

Individuals added $14% billion to
their obligations on 1- to 4-family
residential mortgages last year. This
was $3 billion more than in 1961, and
$2 billion more than in the previous
peak year of 1959. This acceleration
in the tempo of home mortgage borrowing came despite little change in the
volume of construction activity on
single-family properties: in 1962,
965,000 such units were started as compared with 946,000 units in the previous
year.

15
An important factor in the increase
in debt relative to construction has
been a continual uptrend in the volume
of sales of old houses. In the past 3
years, there has been in particular a
marked increase in the remodeling of
old houses in neglected neighborhoods.
as interest in urban renewal and in
town living has risen. Also, the relatively easy position of most financial
institutions has induced them to increase the availability of credit for such
houses.
The expanded flow of deposits into
institutions traditionally dealing with
mortgages has been reflected in some
easing of terms: the average mortgage
is for a somewhat longer period thai}
several years ago, and interest costs
have declined.
The bulk of last year's increase in
home financing—$12% billion out of
the $15 billion total—took the form of
conventional loans.
VA-guaranteed
loans showed little change, the total
Table 6.—Personal Saving and Investment
and Related Financial Flows, 1958-62
[Billions of dollars]
1958 1959 1960 1961 1962

Investment in housing and
noncorporate business

31.2 36. 9 36.8 35.4 38. -r>

Less: Associated borrowing
Capital consumption allowances
_ _ - _.

25.2 30.3 28.3 31.6 3f, 0

Plus: Financial assets and debt
retirement
_.

74.7 81.8 76.5 87.9 101. 1

15.2 15.9 16.5 17.0 17. f

Less: Consumption borrowing. 40.8 48.8 50.4 50. C 56. &
Statistical discrepancy. _. .0 -. 1-2.8 -.8 2.4
Equals: Personal savings

24.7 23.6 20.9 25.6 26. 2

Total sources of funds
._ -1
Total uses of funds less discrep-f 105. 8 118.6 116. 1 124.1 137.2
ancy.
J
1. Estimates for the 1946-57 period may be found on p. 20
of the April 1961 Survey.
Sources: Board of Governors of the Federal Reserve System,
Securities and Exchange Commission and U.S. Department
of Commerce, Office of Business Economics.

extended just about equaled the volume repaid. The FHA program accounted for the balance. Among the
factors leading to the increase in conventional lending in the past few years
has been the fact that savings arid loan
associations have taken over the bulk
of home mortgage financing.
The burden of debt on consumers

It is of some interest to note the burden of these debts upon consumers.
In the chart on page 17, the total of
interest and debt amortization pay-

SURVF.Y OF CURRENT BUSINESS

16
merits on consumer credit and on 1-to4-fainily mortgages has been taken as
a percent of aggregate disposable personal income. This chart indicates
that, after a sharp upward trend in the
immediate postwar years, there has
recently been a marked slowing in the
rate at which the debt burden is growing relative to disposable income. The
heavy borrowing transactions engaged
in last year had relatively little effect
on these payments: the ratio rose only
0.3 of a percentage point to a total of 19%
percent. Interest accounted for 4%
percent, while debt amortization took
15 percent of disposable personal income.

Persons' deposits rise

Last year, individuals acquired $28
billion of liquid claims on financial
institutions. In so doing, they added
$2 billion to their holdings of demand
deposits, while increasing their holdings of savings and time deposits by
well over $15 billion. Investment in
shares of savings and loan associations
and credit unions totaled $10 billion.
To some extent, the record addition
to time and savings deposits and shares
thus represented a withdrawal from
marketable securities in last year's
investment climate. Purchases of securities—stocks in particular—were reduced, and net purchases of investment

Table 7.—Public and Private Debt, End of Calendar Year, 1958-6212
[Billions of dollars]
Net debt

Total public and private debt
Total public debt

_

. __.

Federal Government and agency
Federal Government
Federal agencv

34 5

_

State and local governments °
State governments
.__
Local governments

__

Total private debt

Gross debt
1958

1959

944.1 1,017.3

916. 8

986. 1 1, 036. 1 1, 096. 3 1, 176. 4

329.7

367.8

384. 3

389.2

402.7

421.2

248. 1
241.8
6. 4

255. 9
248. 1
7.9

310.6
282. 9
9~ -

321. 9
290. 8
31. 1

322.1
290. 2
31.8

330. 2
290. 2
34.0

340. 3
303. 5
36.8

55. 6
13.7
41.9

60. 0
14.5
45. (')

(55. 0
16.2
48. 8

73.7
18.2
55. 5

57.2
15. 7
41. 5

62.4
17.2
45.2

67.1
18. 1
49.0

72. 5
2(10
52. 5

80.9
21.9
59. 0

547. 4

588. 4

631.0

687. 6

549. 0

601.8

646. 9

693. 6

755.2

346. 0
161.2
184. 8
102. 8
82.0

309. 5
1 4(5. 0
163. 5
90. 9
72. 6

337. 7
1 56. 0
181. 7
100. 4
81.3

3(50. 3
167. 9
192. 4
108.0
84.4

384. 1
180. 1
203. 9
114.5
89. 4

413. 5
194. 9
218. 6
123.4
95. 3

13. 5
11.3
2.2
.0
1.6

13. 3
11. 1
2.2
.0
1.6

13.3
10. 9
2.4
.0
1.8

13.2
10.7
2. 5
.6
1.9

1961

1958

1959

1960

782.6

846.2

889.4

283. 6

298.8

301.0

313. 1

232. 7

243. 2

228. 6
4. 1

237.2
6.0

241.0
235. 2
5.8

50.9
12.6
38.3
499.1

1962

1960

1961

1962

259. 5
121. 2
138.4
75.8
62 6

283. 3
129. 3
154.0
83. 7
70.3

301.7
139. 1
162. 7
90. 0
72.0

321. 5
149. 1
172.4
95. 4
77. 0

Railwav corporations
Long-term 77
_ _ _ _ _ _ _ _ _ _
Short-term
Notes and accounts payable
Other

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

11.7
9.5
2.2
1. 7

13. 6
11.4
2.2
.0
1.5

Nonrailway 7corporations
Long-term
Short-term 7
Notes and accounts pavable _ _
Other

247.3

289. 9
129. 2
160. 7
89.5
71.2

309. 7
139. 4
170. 2
94. 9
75.3

334. 3
151. 6
182. 6
102.3
80. 3

295. 9
134. 6
161.3
90. 3
71.0

324.2

347.0

370.8

110.9
136. 4
75. 2
61 2

271.2
119.2
152. 0
83.2
68.8

144.7
1 79. 5
99.8
79. 6

156. 9
190. 1
107. 4
82.8

169. 3
201. 5
113.9
87. 6

400. 3
184. 1
216.2
122.8
93.4

Total individual and noncorporate debt- 239. 5

Total, all corporations
Long-term 7
_ _
_...
•Short-term "
Notes and accounts pavable
Other

Farm, total 9
Farm mortgage
Farm production

- _ _
_ _ _ _ _ . - .

Nonfarrn, total
Mortgage
1-4 family residential
Multifamily residential and commercial
Other nonfarm
Commercial
Financial 10
Consumer

9

_
- -

264. 1

280. 6

309. 5

341.7

239. 5

264. 1

286. 6

309. 5

341.7

23.3
11.3
12.1

23.0
11.3
11.7

25. 3
13. 1
12.3

27.8
14.2
13. 6

30.5
15.5
15.0

23.3
11.3
12. 1

23. 0
11.3
11.7

25.4
13.1
12.3

27.8
14.2
13. 6

30. 5
15.5
15. 0

216. 2
144. 6
111.8

241.1
160. 8
124. 3

261. 3
174. 5
134. 2

281.7
190. 1
145. 4

311.2
210.9
159. 9

216. 2
144. 6
111.8

241. 1
160. 8
124.3

261.3
174. 5
134. 2

281.7
190. 1
145. 4

311. 2
210. 9
159. 9

32.8

36.5

40.2

44.7

51.0

32.8

36. 5

40. 2

44.7

51.0

71. 6
13.7
12 8
45. 1

80.3
15.3
13.4
51.5

86.8
16. 6
14.2
56.0

91.6
17.0
16.9
57.7

100. 3
18.5
18.3
63.5

71.6
13.7
12.8
45. 1

80.3
15.3
13.4
51.5

86. 8
16. 6
14.2
56. 0

91.6
17.0
16.9
57.7

100.3
18.5
18.3
63. 5

1. Data for State and local governments are for June 30 of each year.
2. Estimates for the period 1916 through 1957 appear in the July I960 Survey.
3. Includes categories cf 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.
0. Includes State loans to local units.
7. Long-term debt is defined as having an original maturity of 1 year cr 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,
arid farm mortgage debt owed to individuals and ethers; 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 owed 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.




May 1963

company shares totaled only $1.8 bil
lion last year as compared with $2.7
billion the year before. At the same
time, net sales of "other preferred and
common stock" totaled $3 billion as
compared with $2 billion in 1961. For
the first time since 1946, individuals on
net balance sold more tax-exempt securities than they bought: the vigorous
bidding on such issues by the commercial banks pushed up prices to such a
point as to make it possible to realize
an attractive capital gain on the sale of
the securities.
Government Borrowing Up
The Federal Government's net financial position was little changed over the
past year despite substantial changes in
the components of receipts and expenditures. Both receipts and expenditures
increased $7% billion on a nationalincome-accounts basis, and the deficit
stood at $3.4 billion last year, as compared with $3.8 billion in 1961.
This failure of receipts to expand
faster during a period of increasing
business activity reflects the slow rise
in corporate profits—-a major element
in the normal cyclical sensitivity of receipts—after the first quarter; and
changes in the rules for computing depreciation charges and the new investment credit. These latter innovations
reduced taxes by perhaps $2K billion.
It should be noted that the figures used
here to estimate the impact of these tax
changes are highly tentative. During
the first quarter of the present .year,
both receipts and expenditures have
continued to grow at about the same
pace.
Federal borrowing moves up

Net Federal Government and agency
borrowing totaled $7.8 billion last year,
as compared with $7.1 billion the year
before. In addition to financing the
current account deficit, Federal Government borrowing reflects any excess
of tax accruals over collections as well
as the extension of loans by Government agencies. The former contributed about $1 billion to Federal financing need last year. Federal Government lending operations—at $3 billion—were off moderately from the

SURVEY OF CURRENT BUSINESS

May 1963

Table 8.—Total Nonfarm Mortgage Debt
by Borrowing and Lending Groups, by
Type of Property 1
[Billions of dollars]
1958 1959 1960 1961 1962

Total nonfarm residential and
160.7 178.7 194.0 211.7 235.1
commercial mortgages __
2

Corporate borrowers _ _ 16.1 17.9 19.5 21.5 24.2
Noncorporate borrow144.6 160.8 174.5 190.1 210.9
ers
1-4 Family residential
mortgage debt
Savings and
loan
associations
Life insurance carriers..
Mutual savings banks.
Commercial banks
Federal National Mortgage Association
Individuals
and others 3

117.7 130.9 141.3 153.1 168.3

42.9
22.4
15.6
17.6

49.5
23.6
16.9
19.2

55. 4
24.9
18.4
19.2

62.9
25.8
20.0
20.0

71.6
27.0
22.2
22.1

3.6

5.0

5.5

5.4

5.2

15.6 16.7 17.9 18.9 20.3

Multifamily
residential
and commercial4. _ _ _ 43.0 47.9 52.7
Savings and loan
2.7 3.6 4.7
associations
Life insurance carriers _. 12.0 12.8 13.9
Mutual savings banks- 7.6 8.0 8 5
6.4 7.4 7.9
Commercial banks
Federal National Mort.3
.6
gage Association
.6
Individuals and others. 13.9 15.5 17.1

58.6 66.8
5.9 7.4
15.3 16.6
9.1 10.1
8.7 10.4
. 7 .7
19.0 21.6

1. Estimates for 1957 may be found on p. 20 of the May 1962
Survey; 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 multifarnily 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.

previous year; but continued large sums
were advanced to savings and loan associations, to foreign governments, to
colleges, and to rural electrification
projects.
With relative stability in the Federal
deficit and in Federal lending, the increase in the pace of Federal borrowing
was reflected principally in an increase in similar amount in the Federal
cash balance. This, in turn, reflected
actions taken in furtherance of the
Government's policy to exert upward
pressure on short-term interest rates
last year. During early 1962, the
Treasury borrowed a greater amount
than it needed to cover current operations, and Federal cash holdings rose
$4 billion to midyear. This procedure
had the effect of adding to the market
supply of Treasury bills, during a period
of the year when short-term credit
demands are seasonally low. With
the seasonal increase in the demand
for funds in last half of the year, the
Treasury permitted its cash balance
to fall $3 billion. For the year as a
whole, however, about $1 billion more



was added to Treasury debt than was
necessary to meet the current-account
deficit, bridge the gap between accruals and receipts, and finance the
Federal lending program.
Debt operations feature short- and
long-term maturities

In addition to financing government operations and increasing the
Treasury cash balance, the Government had to refinance about $86
billion of debt maturing within the
year, and in addition moved a substantial volume of medium-term debt
into longer maturities.
Between March of 1962 and March
of this year, Treasury has increased
the outstanding volume of Treasury
bills—securities with initial maturities
of under 1 year—by about $5% billion.
At the same time, it moved $9% billion
from the under-one-year category to
maturities greater than 5 years. These
operations were undertaken to further
the objectives of keeping pressure on
short-term rates higher relative to
long-term rates through cash borrowing,
and reducing the volume of securities
coming due in the near future. Kefinancing of short-term issues into longterm was accomplished by the advance
refunding technique in which holders
of short-term securities were offered
medium- and long-term issues at more
favorable rates of interest, thus stretching maturities without entering the
new issue market.
The commercial banking system did
not increase its holdings of public debt
securities last year, and nonbank
financial institutions likewise did not
increase the total of such paper in their
portfolios. The principal markets for
Treasury securities were the Federal
Reserve System, which added $2 billion
to its holdings; foreigners also purchased
$2 billion; business corporations and
State and local governments each
increased their holdings by $% billion;
while the heterogenous group of "miscellaneous investors'7 added a total of
over $1 billion to their portfolios.
These investor groups have continued
to increase their holdings in the first
quarter of this year.
In addition to the increase in public
debt securities, there was a sharp rise
in the pace at which nonguaranteed

17
obligations of Federal agencies were
offered to the public. In connection
with increased lending to savings and
loan associations and decreases in
institution investments in the agency'
the Federal Home Loan Bank Board
stepped up its net issue of bonds and
notes from $305 million to $1,136
million. The nonguaranteed liabilities
to the public of other Federal agencies
rose at about the same pace as in 1961.
State and local governments step up
their borrowing

The gross issue of new securities
by State and local governments totaled
$8K billion last year, up moderately
from 1961, and substantially above
any previous year. In part this increase reflected some step-up in the
programed rate of State and local
construction, and in part the arranging
of long-term financing during a period
of relatively low interest costs.
With construction activity not yet
fully reflecting the high level of borrowing, the State and local governments
continued to add to their liquid asset
holdings at about the pace registered
DEBT SERVICE IN RELATION TO INCOME
CONTINUED TO RISE LAST YEAR
Interest and Amortization Payments on
Consumer and Home Mortgage Debt
Percent of
Disposable Personal income

25

20
7cfc/

\

15

10

..I....L..S...I....L

1946 48

50

.MM

52

54

I M } { l

56 58
Data:

60 62

FRB, FHLBB & QBE

U.S. Department of Commerce, Office of Business Economics

63-5-9

SUKVEY OF CURE EXT BUSINESS

18

in 1961: they added $1 billion to time
deposit balances, whole holdings of
U.S. Government securities were up
$ll/2 billion.
State and local pension and other
funds have continued their recent role
as major suppliers of loan funds to
the market. Pension funds rose $2%
billion last year, and the bulk of this
total was invested in corporate bonds.
There was little change in fund holdings
of State and local securities, which
being tax-exempt, offer markedly lower
yields than comparable corporate issues.
As noted earlier, the commercial
banks provided the major market for
State and local securities; last year
these institutions added about $5 billion to their portfolios. Insurance companies continued to add to their
holdings at the recent-year pace of
about $1 billion. Individuals and
others—normally a major market for
tax-exempt securities—reduced their
aggregate holdings.
By June 30, 1962, the net volume of
State and local indebtedness had attained a total of $74 billion—five times
greater than at the end of the second
world war. The relative increase in
such obligations has been greater than
that in any other major form of debt—
Federal, corporate, or individual. This
fourfold rise has reflected expanded
needs for capital in the functions
traditionally undertaken by local governments as well as some improvement
in public facilities. During the early
part of the postwar period, substantial
borrowing was undertaken for the pro-

vision of roads and bridges. After the
Federal Government shouldered the
major responsibility of building up a
modern highway system in 1954, the
volume of such borrowing declined.
In recent years, education has been
the major single use of borrowed funds,
accounting for over one-third of total
new issues in each of the past six years.
The extension of sewers, water lines,
and other utilities has also been a major
claimant of borrowed funds and last
year accounted for almost one-fifth of
new issues.
A technical note describing the statistics contained in this report is available
upon request to the Office of Business
Economics.

Tax Base—
(Continued from p. 3)

There are also shown in table I, line 3,
on the other hand, some types of income
which, although included in the definition of adjusted gross income, are not
in the personal income total. Of major
importance here are capital gains and
employee and self-employed persons'
contributions for social insurance programs. The latter are netted out in the
computation of the Department's estimates of personal income since they are
withheld from employees earnings.
Capital gains or losses are not included
in personal income because they do not
arise from production, but rather reflect
price phenomena.
Exemptions and deductions large

Slightly over half of the difference

May

lfK»3

between personal income and income
taxed represents the amounts for statutory personal exemptions and deductions which are shown in table II.
Together these amounted in 1960 to
$125 billion. Personal exemptions of
taxable individuals accounted for $81
billion and their deductions to $44.%
billion. Persons with about three-fifths
of taxable adjusted gross income itemized deductions, and accounted for
three-fourths of the $44% billion total
of deductions.
The remaining income not subject to
tax—$52 billion, about one-fourth of
the total—represents incomes too small
to be taxed after exemptions and deductions are taken into account, arid income which is not reported on income
tax returns. Some part of the unreported income reflects earnings too
small to be reported (less than $600),
or income which would not be subject
to tax after exemptions and deductions.
Another part undoubtedly stems from
taxpayer errors and omissions of income sources, and nonfiling of income
tax returns. Some portion of these
errors and omissions will be subject to
tax after examination and audit by the
Internal Revenue Service. It must be
cautioned, however, that some part of
the total of non-reported income as
shown in table II may be spurious,
since the estimate of non-reported
income as a whole is obtained as a
residual and may reflect nothing more
than errors in some of the entries shown
in table I.

Revised Statistical Series
Construction Cost Index, 1950-62: Revised Data for Page S-10 l
[1957-59=100]
Month
January.
.
..
"February
March
April
Mav
June
July
August
September. . _ _ . .
October
November . _ _ _
December
Monthly average

1950

1951

1952

1953

1954

1956

1957

1958

1959

1960

1961

1962

63.8
63.8
64.3
64. 7
65.3
66.7
67.5
68. 6
69. 9
70.6
69.7
69.8

0. 1
0.9
1.0
1. 1
1.5
1.5
1.4
1. 5
1.5
2.0
2.1
2. 1

~2 2
2.4
2.5
3.0
3.4
4.0
5.2
6.9
7.2
7. 5
7.5
7.4

7.4
7.3
7.4
7.6
7. 6
8. 1
9.6
80. 6
80.4
80. 5
80.5
80.4

80. 8
80. 9
80. 8
81.0
81.4
81.8
82. 7
84.4
84.2
84.4
84.5
84.6

84.7
84.9
85. 0
85.2
86.0
86.3
86.9
88. 5
88.5
88.7
88. 6
88. 6

89.0
89.5
89.5
89.9
90. 6
91.1
91.4
91.6
92. 8
92.6
92.7
92.6

93.1
93.4
93.2
93.3
94.2
94.9
95.3
97.2
97. 1
97. 0
97.0
97.1

97.8
97.9
98.0
98.1
98.9
99.6
100. 3
100. 6
101.8
102. 0
101.9
101.8

102.4
102. 5
102.8
103. 2
104. 0
104.5
106. 0
106. 6
106.8
106. 7
106. 4
106. 3

106. 8
106.9
107.0
107. 2
108.2
108.8
109.1
109.2
109.3
109. 2
109.2
109.3

109.8
109 8
109.8
110.2
111.5
111.9
112. 3
112.4
112.4
112.4
112.5
112.5

112.6
113.0
113.4
113.6
114.7
114.9
115.4
116.0
115.9
115 8
115.8
115.8

67.1

71.4

74.9

78.9

82. 6

86.8

91. 1

95.2

99.9

104.9

108.4

111.5

114.7

1. Kevised to reflect data as of 1st of indicated month and shift to 1957-59 reference baseSource: Engineering News-Record.




1955

SURVEY OF CURRENT BUSINESS

Ma v- 1003

19

Indexes of Industrial Production (Seasonally Adjusted): Revised Data (1956—61) for Pages S—3 and S—4
[1957-59 = 100]
Industry
Total
industrial
production

Year and month

Manufacturing
Total

1956' January
February .
_
AT arch
April .
May
June
Julv
August..
September
October _ _ _ _ _
November
December _ .
Annual average
1957' January
February _
_
March
April
_
Mav
June
Julv
August _
_ _
September
October _ _ _
_
November
December
Annual average
1958' January
February
March
\pril
Mav
_
June
Julv ..
\ugust
September
October
November _ _ _ _
December
Annual average

_ _

_ _

_,_

_ _ _ _ _

.

_ _ _ _
_

_-.. -_.

_

_ -__

_
_ _
_

.

_

__.

_
_ _
___

_ __ _ _ .

1959" January
February _ _
March
April
_
May
June
July
August.
September
October
November _ _
December _ .. __ .
Annual average
I960' January
February
March
April
Mav
June
July
.. . . _ _ _
August
September __ _
October
November
December
Annual average
1961: January
Fe bruary
March
April _
May June
Julv
August
September
October.
November
December __
Annual average

_._

_

. _

..

.
__
_._ _
_

_ _
__
__

___

__ _ __

Market

Durable

Final products
Nondurable

Mining

Utilities

Total

Consumer
goods

Equipment

Materials

99.8
99. 2
98.8
100. 2
99.6
99.3
95. 1
99.7
101.2
101.6
101.5
102. 2
99.9

100.3
99.6
99. 1
100.6
99.8
99.4
95.0
99.8
101.5
102. 0
101.9
102. 6
100.2

104.8
103. 4
102.9
104. 8
103. 8
102. 9
94.5
102. 8
105. 9
106. 5
106.5
107. 6
104. 0

94.7
94.8
94.5
95.4
94. 8
95.0
95.6
96. 0
96. 0
96.3
96.0
96.2
95. 4

103.8
103. 8
103.9
105. 1
104. 8
105.5
101. 1
105. 8
106. 1
105.5
106.0
106.0
104. 8

85. 3
85.7
86.4
87.2
88.3
88.5
88.2
88.1
88.6
89.3
89.4
89.9
87.9

96.7
96.5
96.4
98.0
97.4
97.6
98.2
98.6
98.8
99.2
99.2
100. 2
98.1

95.8
95.2
94.9
95.8
94.9
95.0
95. 5
95.7
95.5
95.8
95.3
96.6
95.5

98.7
99.3
99.7
102. 7
102.8
103.2
103. 9
105.0
105. 9
106. 5
107.7
108.1
103.7

102. 4
101.8
101. 1
102. 5
101. 1
100. 5
92.4
100.7
103. 4
104. 2
103. 7
104. 1
101.6

101.9
102. 5
102.4
101.5
101.8
102.1
102.2
102. 3
100.9
99.0
97.1
95.0
100.7

102.2
102.7
102.6
101.5
101.8
102.3
102.3
102. 6
101.0
98.8
96.8
94.5
100. 8

107. 1
107.8
107.3
105. 8
105. 7
106.5
106.2
106.3
103. 8
100. 6
97.7
93.9
104. 0

96. 1
96. 4
96.7
96.2
97.0
97.1
97.5
97.9
97.4
96.7
95.7
95.3
96.7

105.9
107. 0
107.8
107.1
106.9
105. 5
105.0
103.4
103.4
102.7
100. 5
99.8
104.6

90.8
91.5
91.6
92.5
93.0
93.6
95.4
96.0
95.7
95.5
96.1
95.6
93.9

100.0
100.6
100.5
99.7
99.9
100.1
100.5
100.5
100.0
98.5
97.0
95.7
99.4

96.2
97.0
97.1
96.2
96.8
97.6
98. 1
98.3
98.2
97.1
96.5
95.5
97.0

108.0
108.2
108. 0
107. 3
106.4
105. 6
105.7
105.2
103.8
101.4
98.0
96.0
104.6

103.4
104. 1
104. 2
103. 6
103. 3
103.7
103. 5
103.6
101. 6
99.6
97.5
94.4
101.9

92. 6
90.1
88.5
87.8
89.5
92.3
94.0
95.8
96.2
96.8
99.8
100.4
93.7

91.9
89.3
87.9
87.2
89.1
91.9
93.7
95.4
95.7
96.3
99.7
100.2
93.2

90. 3
86.3
84.5
82.4
84.9
88.2
90.0
92.4
92.6
93.2
98.4
99.4
90.3

93.9
93.0
92.0
93.2
94.4
96.6
98.3
99.0
99.4
100.2
101.2
101. 2
96.8

97.7
95. 2
90.5
89.1
88.9
92.5
95.3
97.6
99.6
99.6
101.1
102.0
95.6

95.8
95.9
96.0
95.6
95.8
97.2
97.8
99.1
100.6
101.0
100.8
101.9
98.1

94.0
92.0
90.7
90.7
91.8
93.7
95.3
96.0
95.2
96.5
100.2
100.2
94.8

94.5
93.3
91.8
92.3
93.9
96.1
97.6
97.9
96.3
97.5
102. 1
102. 0
96.4

92.8
89.3
88.4
87.4
87.2
88.6
90.3
91.9
92.9
94.5
96.2
96.3
91.3

91. 3"'
88.4
86. 6<
85. 6"87. 2'

92.7
94.9
97.6
96.9
99.9
100. 2
92.7

101. 2
103. 0
104.8
107.1
109.4
109. 9
107.5
104.1
104.0
102.8
103.4
109. 5
105. 6

100.9
103.0
105. 1
107.6
110.0
110.7
108.3
104.7
104. 6
103.1
103.3
109.9
106.0

100.3
102.6
105.8
109. 2
112.9
114.1
108.7
101. 7
101. 0
99.5
100.0
111.1
105. 6

101.8
103.6
104.3
105.7
106.7
106.6
108.1
108. 7
109. 2
107.7
107. 5
108. 6
106.5

101.5
100.8
100.5
102.2
104. 1
102.6
97.7
95.1
94.9
95.6
100. 0
102.6
99.7

104. 5
105.0
105.3
106. 2
107.6
109.0
109.0
107.6
108.9
109.2
110.6
113.2
108.0

101.2
102.2
102.9
104.9
106.5
107.2
108.0
107.8
107.9
107.4
105. 0
107.7
105.7

103. 2
104.1
104.8
106.5
107.5
107.7
108.5
108.4
108.2
107.6
104.8
108.2
106.6

97.0
98.3
99.0
101.6
104.8
106.7
107. 5
107.2
107.4
107.2
105.5
106.9
104.1

101.3
104.1
107.1
110.0
112. 2
111.8
106. 5
99.0
100. 1
98. 7
102. 7
111.4
105. 4

111.7
111.0
110. 5
109. 7
109. 9
109. 6
109. 1
108.7
107. 8
107.0
105. 4
103.6
108.7

112. 5
111.7
111.0
110.0
110.5
110.1
109.3
108.9
107. 9
107.0
105. 1
103.0
108. 9

115. 2
114.3
112.6
110.7
110.4
109.3
108.3
107.9
106.3
105.0
102. 2
99.5
108.5

109.2
108.6
109.1
109.2
110.5
111.0
110.6
110.1
109.8
109.4
108.7
107.4
109.5

102. 3
101.6
101.1
102. 2
101.3
101.2
101.7
102.0
101.3
101.3
101.8
101.7
101.6

113.4
114.0
116.1
116.1
114.9
115.7
116.3
116. 5
116. 5
115.9
115.8
116.3
115. 6

110.5
109.6
110.1
110.1
111.3
111.0
110. 5
110.1
109.8
109.8
108.5
107.2
109.9

111.4
110. 2
110.9
111.6
112. 5
112.4
111.5
111.1
110.7
110.9
109.6
108. 2
111.0

108.4
108.2
108.3
107.0
108.8
108.2
108.4
107.9
107.8
107.3
106.1
105.1
107.6

113. 1
112. 3
111. 2
109.9
108.9
107.7
107.1
106.0
105. 2
105. 0
103. 5
101.3
107.6

103. 3
103.4
103.8
106.6
108.8
110.9
112.0
113.4
112.0
113.5
114.8
115. 6
109. 8

102. 5
102.6
103.2
106.3
108.7
111.0
112.3
113.7
112. 1
113. 5
115.0
115. 9
109.7

98.6
98.3
98.8
103.1
106.5
109.2
110. 8
112.1
109.7
111.2
113.0
114.5
107.0

107.4
108.1
108.7
110.2
111.4
113.3
114.1
115.7
115.2
116.5
117.5
117.7
112.9

102.2
101.6
101.4
101.7
101.5
101.9
102.2
102.7
102.4
104.4
105.2
104.7
102.6

117.6
118.2
117.7
120. 2
122.5
123.0
123. 5
125. 0
125. 7
126.5
126.7
127. 3
122.8

106.0
106.4
106.6
108.6
110.1
111.8
112.7
113.4
112.6
114.8
116.4
116.9
111.3

106.7
107.4
108.0
110.3
111.9
113.9
114.9
115.3
113.4
115.9
117.5
117.9
112. 7

104.3
104. 2
103.5
105. 2
106.1
107.3
108.1
109.4
110.8
112.4
114.1
114.9
108.3

100.7
100. 5
101.7
105.3
107.7
110. 0
110. 5
111.9
110.9
112. 9
113.9
114.8
108.4

90. r

1. The index has been revised to reflect (1) shift to new comparison base period, 1957-59=100; (2) revision of seasonal adjustment factors back to 1957; and (3) interim adjustments in the annual levels of eight series (apparel, food, and chemical groups) since 1957. For figures back to Jan. 1947 for total and summary groups (seasonally adjusted) and a detailed description of the
current revision, see the Oct. 1962 Federal Reserve Bulletin; other information and earlier figures for all series appear in the separate Federal Reserve publication, "Industrial Production—
1957-59 Base."
Source: Board of Governors of the Federal Reserve System,




SUEVEY OF CURRENT BUSINESS

20

May 1963

Department Store Sales and Stocks, United States (Seasonally Adjusted Indexes): Revised Data for Page S-12 1
[1957-59=100]
SALES

Month

January
February
March
April
May
June

-

July
August
September
October

_._

__

December
Monthly average

January
February
M^arch
April
May
June

-

-

__

-

-

July
August
_
September
October
__ __ _
November
December

-

_

Monthly average

1919

1920

1921

1922

1923

1924

1925

1926

1927

1928

1929

1930

1931

1932

1933

1934

1935

1936

1937

1938

1939

16
17
17
17
17
18

21
21
22
21

19
19
19
20
20
20

21
21
22

23
23
23
23
22
23

23
24
24
24
24
23

24
24
23
24
25
24

25
25
25
24
24
24

25
24
24
24
24
24

25
26
26
25
25
26

25
25
24
24
24
24

23
23
23
23
22
22

19
18
17
18
17
16

15
15
14
16
16
16

17
18
18
18
18
18

18
19
19
18
18
19

20
20
21
21
22
22

23
24
23
24
24
24

22
22

22
22
23
23
23
23

24

22

22
21
21
21
20
20

18
19
19
18
20
20

23
22
22
21
22
21

20
19
19
20
19
19

20
20
21
21
21
22

23
23

23
23
23
26
24
24

25
25
25
25
25
25

24
26
24
24
25
25

26
24
26
24
25
26

26
25
26
25
25
25

23
23
23
23
23
22

21
20
20
20
20
19

16
15
16
16
15
15

16
18
16
17
16
17

17
18
18
18
18
19

19
19
20
19
20
20

22
22
23
23

23
23
24
24
29
22

21
21
21

23
23
23

22
22
23
22
23
23

23
23
23
24
24
24

24
25
26
25
26
27

18

22

20

20

23

23

24

24

25

25

25

24

21

16

16

18

19

22

23

22

23

1941

1942

1943

1944

1945

1946

1947

1948

1949

1950

1951

1952

1953

1954

1955

1956

1957

1958

1959

1960

1961

26
27
27
28
29
29

34
31
32
32
30
30

36
41
35
36
36
38

39
37
39
40
42
40

44
45
47
42
43
46

53
56
57
58
58
61

63
64
64
65
66
65

68
69
69
71
70
71

69
67
68
68
68
67

66
67
69
70
70
71

86
79
74
74
73
73

76
75
76
74
77
78

79
80
82
80
83
81

77
79
78
79
78
80

86
83
85
87
86
84

91
90
92
92
92
94

94
97
97
94
96
98

95
91
95
96
97
97

103
105
102
105
106
105

107
105
103
111
105
106

105
106
108
107
107
109

110
111
117
113
115
111

?0
34
31
28
30
30

32
33
34
35
35
36

37
37
37
38
38
38

42
42
43
44
44
45

47
45
46
48
49
50

60
66
61
60
62
63

65
65
67
67
71
69

71
71
71
73
69
69

64
65
67
66
67
67

84
77
75
71
70
75

73
74
75
76
77
76

75
78
77
81
78
80

80
79
78
78
80
79

79
80
80
81
81
83

90
87
89
91
89
90

93
94
98
93
98
95

97
99
98
94
96
97

99
102
99
100
101
102

106
105
106
107
107
106

107
106
107
109
105
106

110
110
110
109
113
113

114
115
117
110
118
117

29

33

37

42

47

60

66

70

67

72

76

78

80

80

88

94

96

99

105

106

109

114

23
23

T>
21
21

99
9

2

1940

24
24
24
25

25

1962

STO<CKS
Month

January
February
M^arch
April
Mav
June

__ _

--

July
August
September
October
November
December

_.
_
_ _

Monthly average

January
February
March
April
May
June

-

__

_

-

_

- -

_

-

July
August
September
October
November
December _»
M^onthly average

-

-

-

__
_

_ _ __

1919

1920

1921

1922

1923

1924

1925

1926

1927

1928

1929

1930

1931

1932

1933

1934

1935

1936

1937

1938

1939

21
21
21
20
21
21

28
29
30
30
30
31

26
25
25
25
26
26

26
26
26
26
26
26

27
28
28
28
28
29

29
30
30
30
30
30

30
30
30
30
30
30

30
30
30
30
30
30

30
30
30
30
30
30

30
30
30
30
30
30

30
30
30
30
30
29

29
29
29
29
28
28

26
25
25
25
25
24

22
22
21
21
20
20

17
17
16
16
16
17

20
20
20
20
9
0
20

19
19
20
20
20
20

20
20
20
20
20
21

23
24
24
25
25
25

23
22
22
22

22
229
2
929
2
22

23
24
94
23
24
23

99

24
25
26
26
27

32
32
31
31
29
28

26
26
26
26
26
26

26
26
26
26
26
26

29
29
30
30
30
29

30
29
30
30
29
30

30
31
30
30
30
31

30
30
30
30
30
30

30
30
31
30
30
30

30
30
30
30
30
30

30
30
30
30
30
29

28
27
27
27
26
26

24
24
24
24
23
23

19
19
18
18
18
18

18
20
21
21
20
20

20
20
19
19
19
20

19
20
20
20
20
20

21
21
21
22
22
22

25
25
25
24
24
24

99
29
99

99
99
22

21
99
99

23
23
23

23
23
23
24
24
25

23

30

26

26

29

30

30

30

30

30

30

28

24

20

18

20

20

21

24

22

22

1953

1954

1955

1956

1957

1958

1959

1960

1961

99

1940

24

1941

1942

1943

1944

1945

1946

1947

1948

1949

1950

1951

1952

25
25
26
26
26
27

34
36
38
41
43
44

36
33
33
32
32
33

37
38
37
36
36
36

35
36
36
37
38
39

37
38
40
42
45
47

60
60
59
58
58
57

64
66
67
68
67
67

64
63
63
62
63
62

64
64
64
65
66
66

80
82
85
86
86
85

76
76
75
74
75
74

80
81
80
82
82
83

79
79
80
80
80
79

81
82
82
83
84
86

92
93
92
93
93
93

98
97
99
100
100
100

96
97
96
95
96
97

102
101
101
102
102
103

107
107
109
107
108
109

108
108
108
109
109
108

114
115
116
115
117
118

28
29
31
33
34
34

42
42
40
38
37
37

34
35
36
35
36
37

35
36
36
36
36
35

39
38
38
37
37
36

50
52
53
55
57
60

56
57
57
59
61
63

68
68
68
66
67
66

62
61
61
62
63
63

65
69
73
76
77
78

86
84
81
77
75
78

75
75
76
77
78
78

83
83
83
83
82
81

79
80
81
81
81
82

86
86
87
87
88
90

94
96
95
97
97
97

100
99
100
100
100
98

97
97
99
99
100
100

104
105
105
104
105
107

110
111
110
110
111
109

110
110
112
112
112
113

119
118
118
120
118
117

29

40

34

36

37

48

59

67

62

69

82

76

82

80

85

94

99

98

103

109

110

117

1962

1. Data have been revised to reflect the following changes: (1) Adjustment to 1958 Census of Business benchmarks; (2) shift from 1947-49 to 1957-59 comparison base period; (3) review of
seasonal factors from 1955 to date.
Source: Board of Governors of the Federal Reserve System.




c.

BUSINESS STATISTICS

urren

JL 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.
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1960

| 1961

1962

1960
I

Annual total

II

1961
III

IV

I

II

1962
III

IV

I

II

1963
III

IV

I

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
National income, totalf
Compensation of employees, total .
Wages and salaries, total
_
Private.
Military
_
_Government civilian
Supplements to wages and salaries
Proprietors' income totaled 1
Business and professionalc?
Farm
_
Rental income of persons
Corporate profits and inventory valuation
ment total
Corporate profits before tax, total
Corporate profits tax liability. -_
Corporate profits after tax
Dividends
_.
Undistributed profits
Inventory valuation adjustment

bil. $

415.5

427.8

458.0

413.9

417.2

416.6

414.4

411.8

424.3

431.3

444.0

448.9

456.7

459.8

466.6

do

293.7

302.2

321.6

290.6

294.6

295.8

293.9

294.1

300.2

304.5

309.9

315.2

321.7

323. 8

325.8

330.8

271.3
222.9
9.9
38.5
22.4
46.2
34.2
12.0
11.9

278.8
227.0
10.2
41.6
23.4
47.8
34.8
13.1
12.3

295.8
239.7
11.0
45.2
25.8
49.8
36.8
13.0
12.8

268.5
221.6
9.8
37.1
22.0
45.2
34.5
10.7
11.9

272.2
224.4
9.8
38.0
22.3
46.9
34.5
12.4
11.9

273.3
224.2
9.9
39.1
22.5
46.3
34.1
12.2
11.9

271.3
221.6
10.0
39.7
22.6
46.5
33.8
12.7
12.0

271.2
220.8
10.0
40.4
22.9
46.5
33.7
12.8
12.0

276.9
225.8
10.0
41.2
23.2
47.2
34.5
12.7
12.2

281.0
228.8
10.0
42.2
23.5
48.1
35.1
13.1
12.3

286.1
232.5
10.8
42.8
23.8
49.5
36.0
13.6
12.5

289.9
235.0
11.2
43.7
25.2
49.1
36.2
12.9
12.6

295.9
240.1
11.2
44.6
25.8
49.5
36.8
12.8
12.8

297.8
241.4
10.9
45.5
25.9
49.7
37.0
12.8
12.9

299.7
242.2
10.6
46.9
26.1
50.9
37.3
13.6
12.9

303.3
244.5
10.8
48.0
27.5
50.7
37.7
13.0
13.0

45.6

45.5

51.5

48.6

46.2

44.4

43.3

40.1

45.0

46.0

51.1

50.4

50.7

51.0

54.0

45.4
22.4
23.0
14.4
8.6
2

45.6
22.3
23.3
15.0
8.3
.0

51.3
25.0
26.3
15.9
10.3
.2

49.2
24.3
24.9
14.3
10.6
-.6

46.4
22.9
23.5
14.2
9.2
-.2

43.3
21.4
21.9
14.4
7.5
1.2

42.8
21.1
21.7
14.5
7.1
.5

39.8
19.4
20.3
14.7
5.6
.3

44.8
21.9
22.9
14.8
8.1
.2

46.3
22.6
23.7
14.9
8.7
-.3

51.4
25.1
26.3
15.5
10.8
-.3

50.1
24.4
25.6
15.8
9.9
.3

50.9
24.9
26.1
15.8
10.3
-.2

51.1
24.9
26.1
15.8
10.3
1

53.2
26.0
27.3
16.4
10.9
.8

_do __
do
do _
do
do
do
do _
do
do
adjustbil. $

_. do
do
do
do
do
do

16.4

18.1

20.0

22.2

17.6

17.7

18.2

18.8

19.1

19.8

20.3

21.0

21.5

22.0

22.5

23.0

23.5

do

503.4

518.7

553.9

501.7

504.8

503.7

503.3

500.8

513.1

522.3

538.6

545.0

552.0

555.3

563.5

571.8

Personal consumption expenditures, total __do

328.5

338.1

356.7

323.9

329.9

329.8

330.5

330.5

335.5

340.1

346.1

350.2

354.9

358.2

363.5

367.8

44.8
18.8
19.1
151.8
28.1
79.5
11.7
131.9
19.6
41.8
10.7

43.7
17.2
19.3
155.2
28.6
81.1
11.9
139.1
20.6
43.9
11.1

47.5
20.1
19.9
162.0
30.0
84.7
12.5
147.1
21.7
46.0
11.6

45.1
19.0
19.3
150.0
28.1
78.5
11.5
128.9
19.2
40.9
10.6

45.8
19.5
19.2
152.6
28.3
79.9
11.6
131. 5
19.6
41.7
10.6

44.5
18.3
19.1
152.5
28.4
79.5
11.7
132.8
19.7
42.2
10.6

44.0
18.3
18.7
152.3
27.8
80.2
11.9
134.2
20.0
42.6
10.7

40.8
15.4
18.4
153.5
28.1
80.3
11.9
136.2
20.2
43.1
10.9

43.5
16.9
19.2
153.9
28.0
80.6
11.7
138.0
20.6
43.6
10.9

44.0
16.9
19.7
156.2
29.0
81.5
11.9
139.9
20.7
44.1
11.1

46.6
19.4
19.8
157.2
29.2
82.1
12.1
142.3
21.0
44.8
11.4

46.3
19.1
19.7
159.9
29.8
83.7
12.1
144.1
21.3
45.2
11.5

47.2
20.3
19.3
161.3
29.8
84.2
12.3
146.3
21.8
45.7
11.5

47.1
19.3
20.1
163.0
30.3
85.3
12.5
148.1
21.9
46.2
11.6

49.6
21.5
20.5
163.9
30.2
85.6
12.8
150.1
22.0
46.8
11.8

50.0
21.5
20.8
165.5
30.3
86.5
12.9
152.3
22.3
47.4
12.0

do

72.4

69.3

76.6

79.1

73.5

70.3

66.5

60.1

67.6

72.4

76.6

75.9

77.4

76.3

76.2

76.8

do __
___do_-do
do
do

40.7
21.1
27.6
4.1
3.7

41.6
21.0
25.5
2.1
1.9

44.5
23.3
28.9
3.2
3.2

40.9
21.5
27.4
10.8
10.6

40.7
21.2
28.4
4.4
4.1

40.5
21.0
27.7
2.1
1.7

40.7
20.5
26.8
11
-1.5

39.3
19.0
24.4
-3.6
-3.9

41.0
20.1
24.6
2.1
1.8

42.6
21.9
25.8
4.0
3.8

43.2
22.8
27.4
6.0
5.9

41.6
21 2
27^6
6.7
6.6

44.5
23.3
28.9
4.0
3.9

46.1
24.3
29.2
1.0
1.0

45.0
23.8
29.9
1.2
1.1

43.6
22.6
30.1
3.0
2.7

2.9
26.4
23.5

4.0
27.3
23.3

3.3
28.4
25.2

1.4
25.3
23.9

2.4
26.5
24.2

2.8
26.5
23.6

4.9
27.2
22.3

5.3
27.4
22. 2

4.0
26.4
22.4

2.8
26.9
24.1

3.8
28. 3
24.5

3.7
28.2
24.5

3.7
29.0
25.3

2.5
28.3
25.8

3.2
28.2
25.0

3.2
27.9
24.7

99.7
53.2
45.7
46.5

107.4
57.0
49.0
50.4

117.3
62.4
53.4
55.0

97.2
52.5
45.4
44.7

99.0
53.1
45.8
45.9

100.8
53.6
45.7
47.2

101.4
53.6
45.8
47.8

104. 8
55.4
47.7
49.4

106.0
56.6
49.0
49.4

106.9
56.5
48.4
50.4

112.1
59.5
50.8
52.6

115.2
61.9
53.0
53.3

116.0
62.1
53.2
54.0

118.2
62.7
54.0
55.5

120.7
63.4
54.2
57.3

124.0
65.9
56.6
58.1

499.4
254.1
95.0
159.2
188.6
56.7

516.6
257.2
94.0
163.3
200.7
58.6

550.6
273.7
102.9
170.8
214.8
62.1

490.8
251.3
94.0
157.3
183.8
55.8

500.4
256.2
96.9
159.3
187.7
56.4

501.5
254.9
94.8
160.1
189.9
56.8

504.4
254.1
94.2
160.0
193.1
57.2

504.4
251.6
90.2
161.4
195.9
56.8

511.0
254.4
92.6
161.8
199.0
57.5

518.3
257.8
94.3
163.5
201.3
59.2

532.6
265.0
98.8
166.3
206.6
61.0

538 3
268.2
99.9
168.4
211.1
59.0

547.9
272.6
102.6
170.0
213.5
61.8

554.2
274.7
103.0
171.7
215.9
63.6

562.3
279.2
106.4
172.8
219.5
63.7

568.7
283.1
108.6
174.5
223.2
62.4

4.1
2.3
1.8

2.1
.0
2.1

3.2
1.6
1.6

Net interest

-

-

Gross national product, totalf

__do __

Durable goods total 0
do
Automobiles and parts _ _ _
do
Furniture and household equipment_--do
Nondurable goods, total 0
do
Clothing and shoes
_ do
Food and alcoholic beverages
___do
Gasoline and oil
do __
Services total 0
_ do
Household operation
do
Housing
do
Transportation
do
Gross private domestic investment, total
New construction
_
Residential nonfarm... ..
Producers' durable equipment
Change in business inventories
Nonfarm
Net exports of goods and services
Exports
_
Imports
_ _ __

do
do
_ do

Govt. purchases of goods and services, totaL.do
Federal (less Government sales)
do_
National defense 9
do
State and local
__ _
do __
By major type of product:*f
Final sales, total
Goods output, total
Durable goods
Nondurable goods
Services
Construction
Inventory change, total
Durable goods
Nondurable goods

.

do
do. __
do
do
do
do
do
do
do

2.1
4.4
2.1
-1.1
-3.6
4.0
6.0
4.0
6.7
1.0
3.0
1.2
<->
1.0
33
-5.5
-1.3
2.8
3.4
3.5
3.5
1.9
1.9
-.8
2.2
1.1
3.4
1.6
1.9
.6
3.1
2.2
2.5
-.9
3^3
2.0
r
Revised.
t Revised series. Estimates of na tional in come am1 product and per sonal
eludes d ata not s lown sep arately.
9Go\^ernmen , sales are not dediicted.
*For qu arterly
income have been revised back to 1959; revisions prioif to May 1961 for ]aersonal i ncome a Dpear
data ba 3k to 194 7, see p. C 5 of the July 1962 SURVEY
on p. 13 of the July 1962 SURVEY.
o" Includes in mitory valuatioii adjustraent.
0In-

_




10.8
S.6
2.2

S-l

SURVEY OF CURRENT BUSINESS

S-2
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1960

1961

1962

Annual total

1961

1960
II

III

IV

I

II

1962
III

IV

I

1%3
III

II

IV

' i »

GENERAL BUSINESS INDICATORS— Quarterly Series— Continued
NATIONAL INCOME AND PRODUCT— Con.f
Quarterly Data Seasonally Adjusted at Annual Bates
GNP in constant (1954) dollars
Gross national product totalt
bil. $__

440.2

447.9

471.9

442, 3

439.7

437.7

433. 9

443.9

450. 4

463. 4

467.4

470.8

471.6

477.7

482. 7

298.3

304. 3

318.2

299. 7

299.1

298.8

298.2

302.5

306.0

310.6

313.9

316.9

319. 0

322.8

325. 3

do
- do
do

42.2
141.4
114.7

41.6
143. 3
119.4

45.2
148. 5
124. 5

43.0
142,3
114. 5

41.8
141.9
115.4

41.8
140.7
116.3

39.0
141.5
117.7

41.3
142.3
118.8

41.7
144.4
120. 0

44.4
144.9
121.4

44.1
147.0
122.8

44.6
148. 1
124.1

44.6
149.5
125.0

47.6
149.3
126.0

47.9
150.4
127.0

Gross private domestic investment, total., do

Personal consumption expenditures, total ..do
Durable goods
Nondurable goods
Services

--

60.7

57.8

63. 3

61. 5

58.6

55. 8

50.0

56. 5

60.4

64.1

63.3

64.1

62.4

62.8

63.4

New Construction
Producers' durable equipment
Change in business inventories

do
do
do

34.3
22.7
3.7

34.8
21.1
2.0

36.5
23.8
2.9

34.2
23. 3
4.0

34.0
22.7
1.9

34.3
22. 2
~^7

33. 0
20.1
3.0

34.3
20.2
2.0

35. 6
21.3
3.5

36.1
22.7
5.4

34.6
22.8
5.9

36.7
23.8
3.7

37.7
24.0
.8

36.8
24.8
1.3

35. 5
25. (i
3.0

Net exports of goods and services

do

1.5

1.8

.5

1.0

1.5

3.3

3.5

1.7

.7

1.4

1.3

.7

-.3

.5

.5

79.8
42.3
37.4

84.0
44.5
39.4

89.9
48.7
41.2

80.0
42.9
37.1

80.5
42.7
37.8

79.9
41.8
38.1

82.2
42.9
39.2

83.3
44.4
38.9

83.3
44.1
39.2

87.2
46.7
40.5

88.9
48.3
40.6

89.2
48.6
40.6

90.5
49.0
41.5

91.6
49.3
42.3

93.4
50.7
42 7

400.8
51.4
349.4

416.4
52.8
363.6

440.5
57.6
382.9

401.4
51.9
349.6

403.1
51.4
351.7

403. 7
50.9
352. 7

405. 4
51.0
354. 3

413.5
52.5
361.0

419.4
53.0
366.3

427.3
54.6
372.6

432.0
56.4
375.6

439.5
57.7
381.8

442.6
58.5
384.1

448.0
58.7
389.3

452.1 '
59.5
392.6

do

20.9

25.6

26. 2

19.7

22.0

22.2

23.8

25. 5

26.3

26.5

25.4

26.9

26.0

25.8

24.8

bil. $ _

8.92

8.59

9.33

9.28

8.98

9.53

7.57

8.61

8.65

9.54

8.02

9.50

9.62

10.18

!8. 48

29.89

do
do
do.

3.62
1.80
1.82

3.42
1. 57
1. 85

3.67
1.76
1.91

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

3.14
1.44
1.69

3.69
1.77
1.92

3.72
1.79
1.93

4.13
2.03
2.10

3.37
1.65
1.72

3. 90
1.86
2.04

.25
.26
.48
1.42
2.89

.24
. 17
.46
1.38
2. 92

.27
.21
.52
1.37
3.29

.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

.26
.16
.47
1.06
2.94

.27
.26
.60
1.37
3.30

.28
.24
.50
1.54
3.35

.27
.20
.50
1.52
3.55

.23
.22
.36
1.07
3.22

.27
.30
.51
1.42
3.49

do

36.30

35.90

35.50

33.85

33.50

34.70

35.40

35.70

36.95

38.35

37.95

137.95

u

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

14.20
6.55
7.60

14.45
6.95
7.50

15.05
7.25
7.80

15.00
7.30
7.70

15.30
7.50
7.80

15.30
7.30
8.00

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

1.15
.70
2.05
5.15
12.45

1.05
.95
2.25
5.40
12.85

1.10
1.00
2.00
5.75
13.40

1.00
.80
1.90
5.45
13.80

1.05
.95
1.65
5.30
13.70

1.05
1.10
2.00
5.60
13.70

4,820

Government purchases of goods and services, total
bil. $.Federal
do
State and local
do

-

DISPOSITION OF PERSONAL INCOMEt
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income total
Less* Personal tax and nontax payments
Equals: Disposable personal in come. _ _

bil. $
__do__ _
do

Personal savin01 §
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals or averages:
\llindustries
Manufacturing
Durable goods industries
Nondurable goods industries _

Mining
do
Railroads
-- ----- do
Transportation, other than rail
do
Public utilities
do
Commercial and other
do
Seas. adj. qtrly. totals at annual rates:
All i n dustries
uVianuiacturiug...- -----Nondurable goods in dustries

2

-do

Railroads
Transportation, other than rail—
Public utilities

do
___do
do

BUSINESS POPULATION
Firms in operation, end of quarter (seasonally adjusted)
thous

3 4, 658

3 4, 713

3

4, 752

4,710

4,720

4,730

4,740

4,750

4,760

4,770

4,780

4,790

4,800

4,810

U.S. BALANCE OF INTERNATIONAL
PAYMENTS*
Quarterly Data are Seasonally Adjusted
U S payments recorded
__ _ _ mil. $

31,317

31, 805

33, 245

7,690

8,000

8,078

7,690

7,411

8,082

8,622

8,271

8, 092

8,428

8,454

do
do
do

14, 723
3,048
5,417

14,514
2,947
5,462

16, 193
3,006
5,800

3. 836
'758
1,375

3, 664
797
1,368

3,422
722
1, 327

3.369
770
1,309

3,417
756
1,337

3,840
699
1,388

3,888
722
1,428

3,933
752
1,361

4,045
746
1,445

4,164
730
1,484

4,051
778
1,510

Remittances and pensions
Govt. grants and capital outflows

do
do

842
3,405

878
4,051

924
4,271

205
833

211
826

222
978

221
962

221
804

216
1,094

220
1,191

233
1,035

222
1,028

225
1,063

244
1,145

U S private capital
Direct investments
Long-term portfolio
Short-term
_ __

do
do
do
do

3,882
1,694
850
1,338

3,953
1,475
1, 006
1,472

3, 051
1,377
1,207
467

683
209
203

1,134
415
170
549

1,407
684
235
488

1,059
457
120
482

876
2G9
218
389

845
429
194
222

1,173
320
474
379

957
231
402
324

606
401
299
94

762
413
161
188

726
332
345
49

Imports:
Merchandise
Military expenditures
Other services

-- --

do

27, 984

30, 073

32, 064

7, 055

7, 002

7, 062

7.400

7,930

6,976

7,767

7.686

8,022

8,153

8,203

Exports:
Merchandise
Services and military sales

do
do

19. 459
7,554

19, 915
8, 151

20, 566
9,248

4,876
1, 909

4, 940
1,843

4, 986
1, 975

5,061
2,008

4.768
2, 060

4,940
1, 951

5. 146
2,132

5.072
2,183

5,340
2,417

5,170
2,216

4,984
2,432

Repayments on U.S. Govt. loans
Foreign capital other than liquid funds

do
do

636
335

1,274
733

1,275
975

147
123

172
47

147
-46

133
198

851
251

81
4

209
280

141
290

224
41

612
155

298
489

Excess of recorded receipts or payments (— )_..do

-3, 333

519

-1,106

-855

193

-409

U S receipts recorded

Unrecorded transactions _

do

-592

-1,732 -1, 181

-635

-998

-1,016

-290

-1,000

-140

-159

297

52

-628

-360

-585
90

-70

-275

-251

144

406

-540

2

38. 65

1

—342
159
-3, 925 -2,360 -2,181
-775 -1,157 -1,313
Total, net receipts (+) or payments (— )
do
-1,264
-913
-495
-214
-681
v— 820
-791
is based on incomplete data.
'Revised.
* Preliminary.
1 Estimates for Jan.-Mar. 1963 based on anticipated capital expenditures of business.
t See corresponding note on p. S-l (revisions prior to 3d qtr. 1959 appear on n 8 ff of
the July 1962 SURVEY).
2 Estimates for Apr .-June 1963 based on anticipated capital expenditures of business.
Anticipated expenditures for the year 1963 are as follows (in bil. $): All industries, 39.10;
§ Personal saving is excess of disposable income over personal consumption expenditures
manufacturing, total, 15.69; durable goods industries, 7.78; nondurable goods industries,
shown as a component of gross national product on p. S-l.
7.90; mining, 1.01; railroads, .96; transportation, 1.84; public utilities, 5.66; commercial and
J More complete details are given in the quarterly reviews in the Mar., June, Sept,
other, 13.94.
and Dec. issues of the SURVEY. Revisions prior to 4th qtr. 1959 will be shown later.
3
Unadjusted.
Data
represent
firms
in
operation
as
of
Jan.
1;
estimate
for
Jan.
1,
1962




SURVEY OF CURRENT BUSINESS
1961
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1962

Monthly
average

S-3

1962
Mar.

Apr.

May

June

July

1963
Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Apr.*

Mar.

GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCEf
Seasonally adjusted, at annual rates:!
Total personal income

bil. $__ i 416. 4

-

1

440. 5

435.2

438.3

439. 7

440 7

441. 9

443 0

443 5

445 6

448 2

450 4

2 448. 8
452 4

451 1

r

r 305.

do

278.8

295. 8

292.2

295. 3

296. 0

296. 9

297.8

298.1

298. 0

298. 5

299. 8

301.0

301.5

303. 6

Commodity-producing industries, total.do
Manufacturing only
do
Distributive industries
do

110.8

87.5
72.9

117. 2
93. 6
76. 2

116.1
92.8
75 4

118.2
94.4
75 8

118. 2
94.5
76 1

118.1
94.5
76 2

118.4
94.5
76 4

118.1
94. 1
76 6

117.9
94.0
76 7

117.8
93.9
76 9

117.8
94. 0
77 1

117.8
94.2
77 6

117.6
93.8
77 6

__do
- do
do

43.4
51.8
11.4

46.3
56. 2
12.3

45.3
55. 4
12.1

45. 6
55. 6
12 2

45. 9
55. 8
12 3

46 5
56 0
12 4

46. 7
56. 3
12 4

47 0
56 5
12 4

47 0
56 4
12 4

47 1
56 7
12 5

47 2
57 7
19 5

47 5
58 0
12 5

do
do

34 8
13.1

36 8
13.0

36 4
12.9

36 6
12.8

36 8
12.8

36 8
12 8

36 9
12. 7

37 0
12.8

37 o
12. 9

37 1
13 9

37 3
13 6

37 4
14 0

12 3
15.0
27.4
33 4

12 8
15.9
29.7
34 6

12 7
15.9
29 0
34 5

19 7
15 8
29 92
34

12
15
29
34

128
15 8
29 6
34 i

12 8
15. 7
29 8
34 2

12
15
30
34

12
16
30
34

12
16
30
35

129
16 2
30 6
35 8

12
17
30
35

Wage and salary disbursements, total

Service industries
Government
Other labor income
Proprietors' income:
Business and professional
Farm
-

--

Rental income of persons
do
Dividends
do_ _
Personal interest income
_do_ _ _
Transfer payments
_do_
Less personal contributions for social Insurance

8
8
4
2

9
7
0
5

9
0
2
5

9
1
4
5

306. 9

118.3
94.7
78 3

119. 0
95. 4
78 5

120. 5
96. 5
78 6

47 8
58 5
12 6

48 1
58 8
12 7

T 48 3
59 1
12 7

48 4
59 4
12 8

37 6
13 4

37 7
12 9

37 8
19 7

37 9
19 7

13 0
16 5
31 6

1Q 1

0
3
i
7

13
16
31
35

0
4
3
3

r

r 35

f,

9.7

10.5

10.4

10.5

10.5

1C). 5

10. 5

10. 5

10.4

10.5

10.5

10.6

11.7

11.8

11.8

399 1

423 2

418 0

491 2

492 6

423 5

424 8

425 9

426 4

428 2

430 4

439 3

2 434 g

434 0

r 435 9

3,061

3,124

2, 531

2.248

2, 365

2,428

2,792

3,272

3,827

4,933

4.213

3.218

3,372

2,422

2,394

2, 937
Farm marketings and CCC loans, total
do
1,319
Crops
do
Livestock and products, total 9
do
1,618
409
Dairy products
.-do
918
Meat animals
do. __
Poultry and eggs
_
_ _ ____do___
265
Indexes of cash receipts from marketings and CCC
loans, unadjusted:^
121
\11 commodities
1947-49= 100. _
123
Crops
-do. _
Livestock and products
- do..
119
Indexes of volume of farm marketings, unadjusted :d"
136
All commodities
1947-49=100..
131
Crops
do
Livestock and products
- -do
140

2,979
1,325
1, 654
402
963
263

2,310
708
1,602
431
904
243

2, 153
615
1,538
412
862
230

2,342
667
1, 675
441
949
251

2,407
873
1,534
418
854
237

2,717
1, 209
1, 508
395
857
941

3,181
1,463
1,718
385
1 046
271

3, 543
1,838
1,705
380
1 015
294

4,435
2, 328
2.107
396
1 366
324

4,032
2,207
1.825
38°
1 108
313

3,141
1 594
1^547
393
834
289

3,289
1, 627
1,662
398
978
249

2,331
877
1,454
368
805
241

2,287
727
1, 560
413
840
259

122
124
121

95
66
118

88
57
113

969
6
123

99
81
113

112
113
111

131
136
126

145
171
125

182
217
155

166
206
134

129

1 14

135
152
122

96
82
107

94
68
114

137
130
141

105
67
134

98
51
133

110
55
150

114
82
139

126
118
133

144
142
146

155
176
140

200
935
174

186
225
157

147
161
136

151
169
137

109
90
124

107
68
137

109.8

p 118.2

118.1

118.2

119.9

113.9

117.7

122.2

122.5

120.6

117.2

'-117.7

109 7
107 0
112.9
102.6
122.8

P 118 6
p 117 9
p 119.4
p 104.9
P 132.3

118 6
118 6
118.6
103. 5

118.3
mi
119 6
118.4
104.9

119 0
118 8
119.1
105. 5

120 4
119 2
121.8
107.5

114 0
113 6
114.5
101. 0

117 6
112 8
123.6
106. 4

1 99 S

1 93 A

120 4
125.8
106. 5

121 7
125. 5
107.1

121 0
12L7
106.3

do
do
do
do
do

111 3
112 7
112.0
112 9
108.3

p 119 7
p 119 7
p 126.0
p 117 8
p 119.8

118 6
118 7
127.4
116 1
118.3

118 6
118 5
129. 3
115 3
118.6

118 5
118 2
128. 4
115 1
119.1

191 3
121 3
128. 8
119 1
121.1

117 5
116 5
118.8
116 0
119.6

119 4
118 8
102.
2
194 3
120. 6

1 9^ O

19r o

199 9

r 1 1Q Q

126 5
128.3
125 9
122.0

126 7
138.1
123 0
122.5

122 2
135.2
118 1
122.0

r

123.4

do
do
do

108 4
104 8
112 1

p 116 8
p 114 1
P 119 7

117 6
115
3
190 0

118 9
116 9
119 4

118 0
116 5
119 7

118 7
116
1
191 3

110 7
108 7
112 7

116 1
111 3
12i i

119 ^
1168

1 99 7

119 9
116 6
123 4

119 2
115 5

U9

_do

109.8

p 118.2

117.0

117.7

118.4

118.6

119.3

119.7

119.8

119.2

119.6

109 7

p 118 6

117 4

118 1

118 8

118 9

119 7

120 3

120 4

119 7

120 0

r

1 19 4

107 0
98 9
96 5
107. 5
106. 5
105. 2

117 9
104 5
100 6
118.9
117.1
113.2

116 5
116 6
118 5
120. 6
113 6
110. 2

118 5
119 4

117 7
96 8
89 5
118. 2
118 5
116.4

118 7
96 6
87 8
117.9
118 8
115.6

119 8
99 1

119 5
99 6

1186
98 9

119 1
100 7

T

1 18 5

118.6
116 3
113.7

118 9
101 3
96 5
120. 8
117 4
115.7

112.9
119 9
115. 2

118. 4
119 3
115.1

120.1
117 8
114.2

121.2
118 5
112.8

120. 6
1172
112.5

r
r

r

Total nona°Ticultural income

do

455 8

0

13
16
31
2 38

9
0
8
5

4539

16 6
31 9
35 8

11.9

FARM INCOME AND MARKETINGS^ 1
Cash receipts from farming, including Government
payments, total cf
mil. $.-

1 4Q

INDUSTRIAL PRODUCTION J
Federal Reserve Index of Quantity Output
Unadj., total index (incl. utilities)}:. __1957-59=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

do __

Durable manufactures 9
- - do
Primary metals
do - Iron and steel
do
Nonferrous metals and products
do
Fabricated metal products
do__
Structural metal parts
do

H9 Q

1 99 Q

QC

Q9 8

r 1 18 3

115.0
103.1

131.7

122. 9
117.8
129.7

124. 5
120. 0
130.4

125. 9
121.8
131.3

125. 4
121.9
130. 1

126.5
124.6
129.0

126. 4
123.9
129.6

125. 6
123.0
129.0

125. 3
122.8
128. 6

125.9
121.4
131.8

Transportation equipment
Motor vehicles and parts
Aircraft and other equipment.

do
do
do

103 6
111.9
95.7

118 3
134.1
p 103.9

113 4
126. 3
101. 4

116 8
134.4
100.7

119 4
139. 1
101. 6

116 8
132.0
103.0

122 1
141.3
104. 7

122 0
138.1
107.3

121 5
137.8
106.7

191 8
138.1
107.2

121 5
137.3
107.2

1 91 Q

Instruments and related products
Clay, glass, and stone products
Lumber and products _.
Furniture and fixtures
Miscellaneous manufactures

do
do
do
_do
do

115. 8
106. 3
101 3
115. 3
112 8

p 122.9
p 111.0
p 1060
P 126.8
p 122 3

119.0
104.8
107 9
124. 0
119 0

122.3
110. 3
106 4
126.6
125 5

122. 6
111.9
107 1
129.3
195 2

124.7
112.5
107 5
129.2
125 5

124.9
113.7
103 4
127.' 7
126 9

125.8
114.9
107 4
128.3
123 3

124.3
114.9
108 3
129.2
124 4

124.2
113.2
101 5
128.2
122 3

125. 0
113.3
106 1
129.3
121 7

125. 4
110.5

„,

,-,-, ,-,H-?,^l;^,]




l^TT

10

/f^> »->,-,+ ^-^

^,^.^,.,^,1 „„ + „ 'U^^:^\

,->,

' 122. 0

123.2

r

118.9

r

-I -I o -(

114 4

r 1 9'-{ O

r

122. 4
' 103. 5

r 1 9S Q
r

r 1 9O A
r 117 C

m

r 1 99 O

119. 5

134. 9
120 4
123.4

138.2
107.0

1 rio 7

128.6

1 Of) C

121.6
118 4
113. 5

123.1
106. 5
193 4
193 4
136
190
123.4
1°3 3
J99

195

122. 4
1" 9

119 4
A

ino o

T

118 5
113. 9

r

138.1
106. 8

125. 1 r 127. 0
* 112.0 r 107. 7
iny 3
105 2
129.2 r 126. 6
1 1Q "}
120 1

190 "
r>9

123. 1

r 121. 0

125. 9 r 127. 1
••121.0 r 121. 9
130.0 r 131. 5
122 1
137.3
107.9

>)

' 120. 6

111

120. 2
115.2
126. 8

—-n-

115 7
112 3
119 3

r Q(\ O

123.4
119.7
128.4

r A™-,,-,

r

0

12i i
112.9
122. 3
100 7
122^1

1 9O 7

119.8
* 104. 9

1 18 9 r 1 99 1
' 128. 0 r 133. 8
T
1 1 6 0 r 1 1 fi ^
122.2 ' 122. 8

119.1

110.4
106. 5
115.7

j._

'116.9
102.5

S

do
do
do

_i;_1

120. 1

U7 7

Machinery
Nonelectrical machinery
Electrical machinery. __

Nondurable manufactures .
do
112 9 p 119 4
118 6
117 5
119 6
Textile mill products
do
106.9 p 114.7
116.8
115.0
116.1
Apparel products
do
112.1 p 118.9
116.5
118.3
117.6
Leather and products...
_
_do
100. 2 p 102.4
104.0
102 9
105 5
Paper and products
do
113. 7 p 119.7
120.7
117.5
119.9
T
Revised.
r> Preliminary.
2
i The total and components are annual totals.
Italicized total for Jan. 1963 excludes
stepped-up rate of, and special Government life insurance dividend payments to
x_i_l

Q9 1

r

r

114.3

117

126. 8
'121.7
r
131. 2

128
123
133

r

140. 3
105. 9

194
142
108

r
r

129
126. 5
112
110. 3
11 9 7
128. 0 "129"""
1 91 9
193

r

r

r

1 99 r;
120 6 r 120 4 r 1 90 A r 1 91 ^
112. 5
113.4
112.7
113 7
122 5
123 2
122 2
122 5
96 4
99 4
98 7
120. 3
121. 7
119. 6
122.9
tSee corresponding note on p. S-l. d"Revised beginning 1959; revisions prior to May
1961 will be shown later.
9 Includes data not shown separately.
^Revised series. Revisions for 1956-61 for total and summary groups (seasonally adjusted) appear on p. 19 of this issue of the SURVEY.

120 3
117.1
118.4
103 8
119.6

121 0
116.6
119. 2
100 5
121.1

120 8
117.1
118.1
100 6
120.5

121 5
115.9
120.5
106 6
120.9

120 9
114.5
121.4
100 8
120.8

SURVEY OF CURRENT BUSINESS

S-4
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1961

1962 v

Monthly
average

May 1963

1962
Mar.

Apr.

May

June

July

1963

Aug.

Sept.

Oct.

Nov.

Jan.

Dec.

Feb.

Mar.

Apr.?

GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION $— Continued
Federal Reserve Index of Quantity Output— Con.
Seasonally adjusted indexes— Continued %
By industry— Continued
Nondurable m anufactures— Contin ue d
Printing and publishing
_ 1957-59 =100..
Newspapers
do
Chemicals and products
do
Industrial chemicals
do
Petroleum products
do

111.5
106.0
123.3
129.6
108.7

114.6
108.5
135.6
146.9
112.8

114.1
108.6
131.8
141.0
114.0

114.4
107.5
131.6
142.2
109.6

114.9
107.9
135.7
145.8
112.6

114.7
108.6
137.1
147.7
115.1

115.7
110.3
137.6
149.7
113.4

116.3
111.8
138.3
150.7
112.1

116.2
111.3
139.0
151.0
113.6

114.6
108.2
139.5
153.1
113.6

114.8
109 7
139.1
152 7
113.0

112.3
100.5
138.6
150.5
114.2

r
r

do _
do
do
____do
do

111.9
110.3
110.6
107.9
110.8

129.0
113.0
113.8
108.7
112.3

119.9
113.2
113.4
112.2
116.8

124.0
112.3
113.6
105.2
110.3

130.2
112.9
113.9
107.3
112.5

132.8
112.9
113.5
109.4
108.2

136.1
114.3
115.1
109.7
113.4

134.8
114.0
115.5
105. 9
112.0

133 4
114.6
115. 5
109.8
116.0

134 1
113.9
114 6
109.9
108.6

133 4
114.0
114 7
110.5
115.2

135. 5
114.6
115 1
111.9
111.4

128.1
>• 114. 8
r
115 0
113.7
113.0

do
do
_do
do
do
do

102.6
90.1
103.1
103.0
111.9
109.4

104. 9
94.3
105.5
105.1
112.5
109.6

104.8
96.3
104.2
102.4
128.9
102.7

105.5
97.6
105. 3
104.1
120.0
106.9

104.8
92.2
104.7
104.1
116.6
115.1

104.6
91.8
105. 3
105.6
109.5
113.8

106.1
91.8
107.4
107.7
110.4
114.5

105.5
93.7
106.2
106.7
104.1
117.9

105.9
93.8
107.5
107.8
97.8
118.2

105.5
94.0
107.6
107.2
96.8
114.0

106.2
96.3
107.4
107.5
106.2
111.6

103.0
93.2
104.2
103.8
114.9
99.7

103.0
95.1
102.6
101.6
122. 3
103.2

do
do
do

122.8
123.2
121.5

132.3
133.2
129.8

128. 8
129. 5
126.5

128.1
129.3
124.2

129.8
131.8
123.6

132.4
135.1
123.8

133. 5
136.2

132.3
134.5

133.0
134.2

133. 5
134.5

135.1
136.3

135.5
136.1

do
- do__
do

111.3
112.7
112.0

119.7
119.7
126.0

118.2
118.8
122.7

118.5
119.1
126.5

120.2
121. 1
128.9

120.6
120.9
126.5

121.7
121.7
127.9

121.6
120.9
126.3

122.0
121.8
127.6

121.5
120.8
127. 1

121.4
120.7
127.6

121.4
120.5
129.9

Automotive products
do _
Autos
do
Auto parts and allied products_._do

111.8
108.6
116.0

131.1
135.9
124.9

122.6
123.8
121.0

129.4
133.9
123.5

132. 8
140.8
122.3

126.8
129.3
123.6

135.2
142.4
125.7

134.1
140.0
126.3

135.3
141.2
127.5

135.8
142.1
127.5

135 4
141.1
128.0

137.2
142.0
130.8

r

Homo goods?
Appliances, TV, and radios
Furniture and rugs

112.2
109.9
112.8

122.2
118.0
123.9

122.6
120.3
121.5

124.4
123.8
123.8

126.0
124.2
124.5

126.2
123.3
126.5

122.7
118.5
124.3

121.2
115.2
125.4

122.2
115. 8
127.9

121.1
116.7
125.8

122.1
118.1
125.8

124.8
121.1
125.4

r

Apparel and staples
do
Apparel incl knit goods and shoes do __
Consumer staples
do
Processed foods
- --do

112.9
109.0
114.0
110.5

117.8
114.6
118.6
113.7

117.1
113.8
118.0
113.2

116.5
114.2
117.1
113.6

117.9
114.8
118.8
114.3

118.4
115.6
119.2
112.8

119.2
115.4
120.3
115.9

118.6
114.9
119.7
115.6

119.6
116.1
120.6
115.7

118.4
116.1
119.1
114.0

118.9
116.2
119.7
114.3

119.0
116.3
119.7
114.4

Beverages and tobacco
do
Drugs soap and toiletries
- do
Newspapers magazines, books do
Consumer fuel and lighting
do

109.5
120.7
114.9
119.2

109.9
129.5
116.8
127.3

113.7
127.5
116.6
124.8

106.9
125.8
115.7
125.1

109.1
129.9
117.4
126.9

109.0
131.9
117.7
130.7

110.9
131.5
117.7
128.3

108.0
131.0
117.0
127.0

111.9
132.0
117.0
128.9

109.5
131.6
116.4
128.0

112.1
130.8
116.4
129. 0

111.7
132.9
115. 8
127.9

Fjquipment including defense 9
- --do
Business equipment
do
Industrial equipment
do
Commercial equipment
do
Freight and passenger equipment. _do
Farm equipment
do

108.3
110.1
107.4
127.0
103.4
93.4

119.8
122.1
117.2
143.1
117.2
107.7

116.1
118.0
114.2
141.7
111.6
99.9

117.0
119.3
115.1
144.0
109.7
102.6

118.5
121.2
116.7
144.4
111.2
105.6

120.1
123.1
118.5
144.8
114.9
110.4

121.8
124.4
119.0
145.6
121.0
110.4

123. 2
125. 6
119.2
144.7
124.2
110.8

123.2
126.2
118.9
144.9
125.2
116.6

123.6
126. 6
120.4
143.8
125.6
117.3

123.1
125 9
120.5
144.4
124.5
117.6

123.2
126.0
119.9
144. 2
126.7
123.3

do
do
do
do
do

108.4
104.8
107.9
105.7
105.2

116.8
114.1
127.5
118.9
110.4

116.9
115.1
124. 1
116.9
109.9

117.1
116.2
134.7
120.3
110.7

117.0
114.6
134.5
119.5
111.4

117.1
113.7
127.0
120.8
111.8

117.0
113.8
134.2
119.3
112.1

117.7
114.8
130.6
119.2
112.6

118.1
114.9
129.7
121.3
113.3

117.2
114.0
127. 6
121.0
111.2

117.8
114.1
126.9
120.4
111.3

117.1
113.2
128.5
120 3
108.6

do
do
do
do

112.1
110. 5
111.3
110.0

119.7
116.1
117.0
115.7

118.6
115.8
119.7
113.9

117.9
114.1
113.1
114.6

119.3
116. 1
115 9
116.2

120 5
116.9
117 5
116.6

120.3
116.1
117.2
115.5

120.7
116.5
116.4
116.6

121.5
118.1
118.6
117.9

120.5
116.2
115.9
116.3

122.3
118.2
120.5
117.1

121.0
117. 1
117 9
116.7

111.6
104.7
130.1

110.2
103.2
128.0

110.9
104.6
127.7

110.9
103 6
130.2

111.8
104 5
131.4

112.6
106. 1
130.9

112.0
105. 5
129.1

112.7
106.6
130.2

113.1
106. 5
131. 9

114.1
107.2
133.1

111.7
103 8
132.9

111.6
102.9
134.1

r
T

Hubber and plastics products
Foods ?nd beverages
Food manufactures
Beverages
Tobacco products Mining
Coal
Crude oil and natural gas
Crude oil
M^etal mining
Stone and earth minerals
Utilities
Electric
Gas

-

By market grouping: J
Final products, total.
Consumer ^oods
Automotive and home goods

Materials
Durable goods materials 9
Consumer durable
_
Equipment
Construction
Nondurable materials 9
Business supplies
Containers
General business supplies

-

- do__
do
do

Business fuel and power
do_ __ 107.1
102.0
Mineral fuels
do
121.0
Nonresidential utilities
_ do
BUSINESS SALES AND INVENTORIES §
Mfg. and trade sales (seas, adj.), totaled
bil.$._ 161.52 i

r

110.2
110.5
93 9
94.0
139. 9 r 139. 8
152 0
151 0
114.3 ' 114. 3

110.0
90 8
140.7
115.6

129 2
r
113. 9
114 4
111.3
114.6

115.5
116 1

' 105. 1 r 104. 5
96.1 -93.9
105. 3 r 104 8
104. 8 * 103. 6
127. 5 121 9
100. 5
104.3

r
r
r
r

138.0

122.0 * 122. 5
* 121. 8 rr 122. 7
130. 6 131. 3

123.0
123 6
132

r

r

122.6
123. 1
131.0

136. 5 r 137. 7 136 6
141.3 *r 142. 0 ' 141. 8
132. 1
r 130. 2
129.8
r

126. 8
' 122. 3
' 126. 0

127.0
124.0
126.5

* 119. 0 ' 120. 0
116.6
115. 7
120. 0 r' 120. 9
114. 5
113.8

<• 120. 6
116.4
121.8
115.3

126. 5
' 119. 3
130.0

r

r

r

113.5
134. 2
113.9
129.3

121.6
121.2
125.0
123.9
119.3
118.8
145.3 r' 144. 5
125. 6
126.2
118. 8 123.2
116.5
113. 1
127.5
121.4
108.0

r
r
T
r

* 117. 5
114.2
r
127. 2
r
121. 2
r
108. 5

120. 1 rT 120. 9
115. 5
115. 1
118 5 r 118. 2
113. 4 * 114. 1
113. 8
105. 6

121 7
126

r
r

119. 1
117.0
132.6
122.2
110.4

121 9
120

r

121.3
116. 4
120 1
114.6

123

r

112. 8
104 1

115
107

65. 94

65.31

66.22

66.39

65.25

66.51

66.09

66.86

66.58

67.52

67.03

66.56

>• 68. 13

68.40

33.26
16.20
17.06

33.22
16. 33
16.89

33.48
16.40
17.08

33 50
16 40
17 10

32 96
15 89
17 08

33.40
16.33
17.08

33.29
16.35
16.93

33 68
16. 34
17.34

33 48
16.34
17.14

33 86
16.46
17.41

33 36
16. 18
17 17

33 13
16 01
17 13

r
34 09
r
16. 54
r

17 55

34 27
16 60
17 67

Wholesale trade, totalcf
Durable goods establishments
Nondurable goods establishments
Eetail trade totaled
Durable goods stores
Nondurable goods stores

do
do
do
do
do
do

12.56
4.28
8.27
18. 23
5.61
12.63

13.06
4.52
8.54
19.61
6.24
13.37

12.76
4.47
8.29
19. 33
6.18
13. 15

13.06
4. 59
8.48
19.67
6.33
13.34

13.38
4.60
8.78
19.51
6.17
13.34

13.13
4.52
8.60
19.16
6.03
13.13

13.35
4.64
8.71
19 76
6.38
13.38

13.16
4.49
8.67
19.64
6.13
13.52

13.48
4.69
8.80
19 69
6.12
13.57

13.27
4.60
8.67
19 82
6.48
13.34

13.42
4.66
8.76
20 23
6.52
13.71

13 47
4.68
8 80
20 20
6 45
13.75

13 18
4.75
8 43
20 25
6 48
13.77

r

13. 69
••4.80
T
8 89
r
20 35
T
6 58
r
13. 77

13 71
4 77
8 94
20 42
6 64
13.79

95.54

98.80

97.05

97.26

97.52

97. 88

98.15

97.90

98.38

98.70

98.54

98 80

99 08

r

99 23

99 46

55.20
31.47
23.72

57.40
32.69
24.71

56.57
32.41
24.16

56.69
32.47
24.22

56.81
32.58
24.23

56.91
32.58
24.34

57.00
32. 63
24.37

56.97
32.69
24.28

57.19
32.74
24 44

57 27
32.76
24 51

57.19
32.66
24 53

57 40
32.69
24 71

57 48
32.73
24 76

r

57 69
' 32. 87
r 24 82

57 84
32.88
24 96

13. 70
6.87
6.84
26.78
11.38
15. 40

13.70
6.88
6.82
26.87
11.43
15.44

13.78
6 95
6.83
26.94
11.42
15.52

13.89
6.97
6.91
27.08
11.45
15.62

13.97
7.03
6.94
27.18
11.59
15.59

13.88
7.01
6.87
27.05
11. 51
15.54

13.95
7 08
6.87
27.24
11. 66
15.58

14.03
7 09
6.94
27.40
11.76
15.64

13.86
7 07
6.79
27.49
11.83
15.66

13.97
7 06
6.90
27 43
11.73
15.70

14.05
7 05
6.99
27 54
11.72
15.82

13. 97
13.48
Wholesale trade, totaled
do__.
6 89
Durable goods establishments
do
7.06
6.60
6.90
Nondurable goods establishments.do__26.86
Ketail trade, total f
do.__
27.43
11.73
11. 52
Durable goods stores
do._.
15. 34
15.70
Nondurable goods stores
do
'Revised.
* Preliminary.
1 Total and components are based
t See corresponding note on p. S-3.
9 Includes data not shown separately.




on unadjusted data,

121

122.2

121.1
125.1
119.3
144.0
128.1
119.9

30.73
14.54
16.18

do
___do
do_

137
142

112.4
'r 135. 2 137.6
115. 0
115.7

do
do
do

Manufacturing, total
Durable goods industries
Nondurable poods industries

106.6
101
106
105

' 135. 5 ' 137. 2 137.0
137.9

Manufacturing, total
Durable goods industries
Nondurable goods industries

Mfg. and trade inventories, book value, end of year
or month (seas, adj.), total f
- bil.$ _

115

' 13. 96 13.89
r 7 06
6 93
6.96
'6.90
r
27 73
27 59
11.80
••11.78
''IS. 81
15.93
§ 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.
d" See note marked "f" on p. S-ll.
t Revised series. See note marked " t" on p. S-ll.

SURVEY OF CURRENT BUSINESS

May 1963

Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1961

1962

Monthly
average

S-5

1962

May

Apr.

Mar.

June

July

1963
Aug.

Sept.

Oct.

Nov.

Jan.

Dec.

Feb.

Mar.

Apr.

GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES— Con.
Inventory-sales ratios:*
Manufacturing and trade, total

1.49

1.47

1.47

1. 50

1.48

1.48

1.47

1.48

1.46

1.47

1.49

••1.46

1.45

do
do
do
do

1 70
1.99

1 69
1.98

1 70
1.99

1 73
2.05

1.71
2.00
. 52

1.71
2.00

1.71
2.00

1.69
1.99

1.72
2.02

.80
.68

.50
.81
.68

.51
.81
.70

1.73
2.04
.52
.82
.71

r

.52
.80
.68

1.70
2.00

1 69
1.99
50
.80
69

1 69
1 98
50
79
69

do
do

1 43

1.43

1.41

1.44

.56
20
67

.56
20
.66

1.45
.55
.21
.68

»• 1r 41
. 54
21
66

1 41
54
21
67

1.06
1.54

1.03
1.52

1 04
1.51

1.07
1.48
83
1.36

1 02
1 47
78
1 36
1 79
1 15

1 01
1 45
78
1 36
1 78
1 16

__ratio__

Manufacturing total
Durable goods industries
Purchased materials
Goods in process
Nondurable goods industries
Purchased materials
Finished goods

do

Wholesale trade total
Durable goods establishments
Nondurable goods establishments
Retail trade total
Dunble good6- stores
Nondurable goods stores

do
do
do
do
do
do

.52
.81
.68

.51
.82
.68

53
.79
67

.54
.82
.69

1 42

1 42

1.43

1.43

1.41

.55
.20
.67

1.43

.55
20
66

1 07
1 53
9

1 05
1 50

1 03
1 51

1 06
1.54

1 05
1.52

1.06
1.56

1.03
1.51

1 39
1 84
1 17

1 37
1 81
1 16

1 38
1 85
1 16

1.41
1 90
1.19

1.38
1 82
1.17

1.38
1.88
1.15

1.38
1.90
1.15

1.38
1.81
1.17

1.36
1.81
1.14

1.36
1 82
1. 14

52
.79
67

8

52
.79
67

80

78

80

.55
.21
.67

80

.55
.21
.68

.79

.54
.20
.67
78

.55
.21
.67
.80

.54
.20
.66

.77

.55
.21
.68
78

1.15

MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
30.73

33.26

34 56

33. 17

34.67

33.95

31.34

34.03

33.46

36.10

34.13

31.66

32.34

T

31. 87

34 85

- --do
__ __ -do
do _
do_ _.

14.54
2.06
1.25
1.68

16.20
2.18
1.31
1.88

17 06
2.61
1.68
1.86

16.41
2.37
1.47
1.80

17.24
2.31
1.38
2.01

16.83
2.15
1.24
2.03

15.06
1.79
1.03
1.89

15. 96
2.09
1.24
2.19

15.95
2.00
1.17
2.05

17.61
2.17
1.25
2.08

16.67
2.11
1.23
1.84

15.64
1.92
1.12
1.63

15.51
2.08
1.21
1.70

T

15. 36
'2. 01
1. 17
T
1.68

16 96
2.31
1 39
1.84

do
__do_ _
do
do _ _ -

4.87
2.00
2.87
1.25

5.31
2.18
3.13
1.37

5.64
2 27
3 37
1.47

5.37
2.12
3.25
1.36

5.61
2.20
3.40
1.44

5.59
2.25
3.34
1.43

4.87
1.92
2.95
1.30

5.38
2 22
3.15
1.38

5.28
2.23
3.05
1.34

5.57
2.36
3.21
1.42

5.34
2.28
3.06
1.41

5.30
2.24
3.07
1.40

5.02
2.09
2.93
1.32

do
do
do
do

3.24
1.94

3.85
2.41

4.03
2.52

3.94
2.47

4.23
2.70

3.96
2.42

3. 68
2.33

2.95
1.47
1.05

3.45
2.04

4.36
2.93
1.02

4.24
2.81

4.09
2.66

.77
.72

3.96
2.70
.83
1.74

do

16.18

17.06

17.50

4.80

5.05

1.22
1.13
2.49
3.21

1.37
1.20
2.73
3.19

.50

.55

Sales value (unadjusted), total

bil.$

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
Nondurable goods industries, total 9
Food and beverage
Tobacco
Textile
_
Paper
Chemical
_
Petroleum and coal
Rubber

_
_

Sales value (seas adj ) total

Electrical
Nonelectrical
Industrial

_

_ _

Transportation equipment
Motor vehicles and parts
Lumber and furniture
Stone clay and glass
Nondurable goods industries, total 9
Food and beverage.
Tobacco
_
Textile
Paper
Chemical
Petroleum and coal
Rubber

_

Inventories, end of year or month:
Book value (unad'justed), total

.90
.82

.94
.87

.94
.90

.95

.94
.86

.95

.94
.86

16.76

17.43

17.13

16.29

18.07

17.51

18.50

17.46

16.03

16.83

5.02

4. 84

5.15

5.14

4.94

5.25

5.26

5.52

5.30

4.81

1.40
1 27
2.84
3.27

1.37
1.22
3.00
3.19

1.40
1.23
2.78
3.14

1.21
1.10
2.58
3.10

1.44
1.22
2.76
3.07

1.51
1.30
2.92
3.30

1.44
1.21
2.66
3.22

1.27
1. 11
2.42
3.29

.59

.57

.53

1.44
1.28
2.83
3.26

.57

1.34
1. 18
2. 83
3.06
. 56

4.93
.42
1.29
1.21
2.69
3.44
.56

do

33. 22

33.48

33.50

32.96

33. 40

33.29

do
do
do

16 33
2.46
1.60
1.89

16 40
2 37
1.49
1. 84

16 40
2.19
1.33
1.92

15 89
2 00
1.16
1 89

16 33
2.04
1.17
1 90

16 35
2.06
1.20
1.88

do
do
do

5 30
2.21
3.09
1.37

5 32
2. 22
3.09
1.33

5 42
2.25
3.17
1.37

5 99
2 19
3.109
13

5 37
2.19
3.18
1.42

do
do
do
do

3 78
2.33

3 92
2.43

3 96
2.50

3 80
2 35

4 05
2.60

do

16.89

17.08

do
do
do
do
do
do
do

4.92

5.07

1 37
1 22
2.72
3.18

1
1
2.
3

_ do
do
do
do
do
do ___
do

_

Primary metal
Iron and steel
Fabricated metal

.82
.76

.42

.43

.88
.76

.41

.88
.78

.42

56

2

.88
.79

.41

.89
.80

.44

41
19
72
16

54

.46

.44

.83
.84

.45

.47

.55

17 89

r

4. 84
38
T
1 36
r 1 18
r

2 59
'3.
13
r
. 51

5 21
40
1 45
1 28
2 90
3 28
58
34 27

33.86

33 36

33.13 r 34 09

16 46
2.17
1.28
1.92

16 18
2 04
1 19
1 84

16 01
2 03
1.16
1 88

5.38
2.18
3.20
1.38

5 32
2.17
3.16
1.40

5 28
2 11
3 16
1 36

5 43
2 19
3.24
1.42

5
2
3
1

41
IS
23
41

5 29
2 18
3.11
1 40

4.05
2.50

4 05
2.60

4 03
2 60

3 80
2 41

3 83
2 47

r 3 95

89
86

3 7?
2 38
.93
87

.91
.82

17.08

16.93

5. 01

5.04

1 39
1 18
2.77
3 20

1 39
1 90
2 71
3 18

1 37
1 17
2.79
3 18

1 32
1 18
2.72
3. 13

55

16 51

16 34
2 07
1.18
1 92

5 07

53

r

33 48

17.08

56

.71

4 08
2 68
.92
82

'.83

16 34
2.05
1.19
1.91

5.00

.45

.42

3.80
2 48

33.68

17.10

41

.45

5 72
2 29
3 44
1 53

.54

.89
.83

.44

.55

.45

5 16
2. 12
3 04
1.35

T
r

.62

.88
81

.90
.79

.42

T

.44

54

.89
82

.50

93
84

.95
87

17.34

17 14

17.41

17 17

17 13

5.18

5 10

5 22

5 12

1 39
1 22
2 70
3 25

1 34
1 21
2 72
3 24

1 37
1 22
2 76
3 21

1 39
1 24
2 73
3 17

5 OG
44
1 33
1 ?3
2 74
3 96
55

43

57

44

42

58

49

55

r

jg 54
r 2 11

1 24
r 1 96

r

r

5 41
2 94
3 16

r 1 42

1 PL Aft

2 21
1 33
1 92
5
2
3
1

48
269
2
47

2 59

3 94
2 56

r 95
r 87

94
85

r 17 55

17 67

r

r
r

r

5 18
43
i 40
1 95
2 89

r 3 9fJ
r 58

5 29
49

1 44
1 26
2 83
3 97
CO

55. 19

2 57. 21

56.87

57.00

57.14

57.08

56. 65

56.64

56. 80

57.01

56.99

57.21

57.69

' 58. 03

58.22

do
do
do
do

31.23
4.91
3.05
3.00

32. 34
4.73
2.82
3.00

32.70
4.87
2.92
3.32

32.82
4. 88
2.86
3.38

32.96
4.78
2.84
3.41

32. 87
4 76
2.84
3.40

32. 53
4 78
2.86
3.34

32.55
4.76
2.85
3.26

32. 54
4 73
2.83
3.14

32.48
4 72
2.82
3.06

32.38
4 67
2.78
2. 99

32.34
4 73
2.82
3. 00

32. 68

r

33.22
4 59
2. 67
3.20

do._
do
do
do

10.31
3.96
6.35
2.46

11. 00
4.37
6. 69
2.62

10.88
4.22
6. 66
2.60

10.97
4 29
6.68
2 61

11.10
4 39
6.72
2 64

11 11
4 44
6.66
2 61

11.01
4 40
6.61
2 61

10.99
4 41
6. 57
2 61

10 99
4 40
6. 59
2 03

11 04
4 40
6.64
2 64

11 10
4 40
6.69
2 64

11 06
4 37

11 19

r

(V 69
2 fj2

4 39
6.80
2 08

do
do
do
do

6.93
3.22
1.84
1.46

7.31
3.55
1.80
1.52

7.25
3.45
1.84
1.54

7 27
3.' 4 6
1.82
1.55

7.24
3.41
1.83
1. 55

7.14
3.36
1.84
1.54

6. 95
3.16
1.87
1.53

7.17
3.40
1.84
1.50

7.38
3. 56
1 83
1. 50

7.43
3.54
1 81
1.49

7.42
3.56
1 80
1.49

7.31
.3. 55
1 80
1.52

7.43
3. 609
18
1.55

do
do
. _do

8.13
12 56
10.54

8.42
8.50
8.25
8. 43
13 04
13 07
13 06
13 05
11.23
11.33
11. 39
11.05
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 for 1955-60 for

8. 53
13 00
1L34

8.59
12 89
1L05

8.60
13 11
10^85

8.51
13 30
10^73

8.38
13 34
W. 76

do

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...




_

4 f,=;
2. 7fi
3.0M

33. 02
4 63
r

3. 12

11 39
r
4 46
(i. 86
T 9
09
r

7. 50
' 3. 62
1 83
1.58

1 17 5

__.:.:::

11 37
4

fjQ

6.87

') r-Q

7.59
3. 62
j 80
1.60

8. 22
8.25
8.20
8.19
13 J 7
13 04
11.' 29 Ml. 57
11.05
11.73
manufacturing and 1959-60 for wholesale trade (scattered minor revisions for 1955-58 will
be available later) appear on p. 20 of the June 1961 SURVEY; data prior to 1961 (recently revised)
for the manufacturing and trade total and for retail trade are available upon request.
9 Includes data not shown separately.
8.26
13 25
10'. 87

r

I 0

Off

— --

SURVEY OF CURRENT BUSINESS

S-6
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1961

1962

End of
year

May 1063

1962
Mar.

Apr.

May

June

July

1963

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

GENERAL BUSINESS INDICATORS— Continued
MANUFACTURERS' SALESJNVENTORIES,
AND ORDERS— Continued
inventories, end of year or month — Continued
Book value (unadjusted)— Continued
Nondurable goods industries, total? ---bil. $__
Food and beverage
Tobacco
. -Textile
Paper
_
Chemical
Petroleum and coal
Rubber
By stages of fabrication:
Purchased materials
Ooods in process
Finished goods

do
do. _.
do
-do
do _ .
do
do _
do
do _
do

23.96

24.88

24.17

24.19

24.18

24.22

24.12

24.08

24.26

24.53

24.61

24.88

25.01

5.44
2.28
2.68
1.68
4.35
3.43
1.13

5.58
2.24
2. £0
1.74
4.57
3.47
1.22

5.18
2.27
2.89
1.75
4.44
3. 31
1.21

5. 15
2.20
2. 91
1. 76
4. 41
3. 35
1. 21

5.10
2.14
2.96
1.77
4.33
3. 37
1.20

5. 12
2.07
2. 91
1.78
4. 34
3. 40
1.20

5.16
1.99
2. 86
1.74
4.35
3.45
1.19

5.32
2.02
2.79
1.73
4.32
3.45
1.18

5.48
2.10
2.73
1.71
4.31
3. 53
1. 18

5.63
2.16
2.74
1.71
4.38
3.53
1.19

5.64
2.14
2. 76
1.72
4.44
3.51
1.19

5.58
2. 24
2.80
1.74
4.57
3.47
1.22

5.47
2. 30
2. 86
1.76
4.64
3.35
1.25

9.38
3.27
11.31

9.68
3. 46
11.73

9.60
3.41
11.16

9. 55
3.44
11.20

9.42
3.51
11.26

9. 31
3. 53
11.37

9.22
3.60
11.30

9.08
3.54
11.47

9.09
3.52
11.65

9.33
3.51
11.69

9.45
3.49
11.67

9.68
3.46
11.73

9.69
3. 62
11. 70

r 25. 01
r

5. 36
'2.30
2.91
1.78
'4.
70
r
3. 29
1.29

r

25. 00

5.24
9 9fi

2.97
1.80
4.70
3. 30
1.33

'9. 73
' 3. 66
11.62

9. 68
3. 68
11.65

57. 69

57. 84

do

55.20

57.40

56. 57

56.69

56.81

56. 91

57.00

56.97

57. 19

57. 27

57. 19

57.40

57.48

r

do __
do
do
do
do
do
do
do

31.47
4.78
2.89
3. 16
10. 46
4.03
6.42
2.49

32.69
4.62
2.69
3.17
11. 26
4.47
6.79
2.66

32.41
4.91
2.98
3.27
10. 76
4.21
6. 55
2.58

32. 47
4.86
2. 93
3.29
10.81
4.24
6. 57
2. 58

32.58
4.85
2.92
3.26
10. 85
4.25
6.59
2.60

32. 58
4.83
2.91
3. 22
10. 89
4. 32
6. 58
2. 58

32. 63
4. 80
2.89
3.23
10. 96
4.34
6.62
2.60

32.69
4.77
2.86
3.22
11.04
4.41
6.64
2.62

32.74
4.74
2 83
3.21
11.12
4.41
6.71
2. 64

32. 76
4.67
2.77
3. 16
11. 23
4. 47
6. 76
2.65

32.66
4. 60
2.71
3.15
11.23
4.46
6.76
2.65

32. 69
4.62
2. 69
3.17
11.26
4.47
6.79
2.66

32.73
4.59
2.68
3.19
11.31
4. 50
6.81
2. 70

r

do
do
do
do

6.87
3.12
1.86
1.47

7.29
3.47
1.82
1.54

7.14
3. 39
1.84
1.49

7.22
3.49
1.82
1.49

7.29
3.50
1.84
1.50

7.29
3.52
1.84
1.52

7.24
3.42
1.85
1.53

7.29
3.51
1.82
1.54

7.33
3. 46
1.83
1. 55

7.35
3.43
1.82
1.55

7.36
3.48
1.81
1. 55

7.29
3.47
1.82
1.54

7.28
3.48
1.82
1.54

_do
do
do

8.09
12.64
10.74

8.22
13.14
11.33

8. 55
12.97
10.89

8.59
12.94
10.95

8.62
13. 00
10.96

8. 55
13.02
11.01

8.49
13. 10
11.04

8.45
13.15
11.09

8.41
13. 26
11.06

8.26
13.34
11.16

8.15
13.28
11.24

13. 14
11.33

8.29
13.09
11.35

do

23.72

24.71

24.16

24.22

24. 23

24.34

24.37

24.28

24.44

24.51

24. 53

24.71

24. 76

5.24
2.17
2. 74
1.68
4.28
3.42
1.13

5.40
2.14
2 87
1.75
4.51
3. 46
1.22

5.31
2.19
2 81
1.73
4.36
3.41
1.18

5. 32
2. 17
2.80
1.73
4.37
3.44
1.18

5.34
2.18
2.84
1.74
4.36
3.40
1.18

5.40
2.18
2. 83
1.76
4.37
3. 42
1.20

5. 39
2.17
2.81
1.75
4.39
3.43
1.21

5.31
2.17
2.82
1.74
4.39
3.40
1.20

5.37
2.14
2.85
1.75
4.42
3.44
1.20

5.38
2. 13
2. 89
1. 74
4.44
3.41
1.22

5. 35
2.12
2.90
1.74
4.44
3.42
1.22

5.40
2. 14
2.87
1. 75
4.51
3.46
1.22

-5.34
2. 13
2. 8(5
1 . 76
4.58
3.44
1.24

do

9.06
3.37
11.29

9.44
3.59
11.68

9.45
3. 43
11.28

9.49
3.43
1 1 . 30

9.47
3.44
11.32

9.46
3.47
11.41

9.39
3.51
11.46

9.29
3.50
11.48

9.33
3.52
11. 59

9. 41
3. 54
11. 57

9.45
3.54
11. 54

9.44
3.59
11.68

9.46
3. 65
11. 65

New orders net (unadjusted) total

do

1 30. 96

133.05

34. 30

32.45

33.99

33.60

31.99

33.36

32.86

35. 78

33. 47

31.48

33.08

Durable goods industries, total 9
Primary metal
_ __

do
do

14.74
2.18
1.35
1.70
4.92
2 00
2. 92
1.26
3.22

16.02
2.08
1.21
1.88
5.28
2 16
3.12
1.37
3.81

16. 74
2. 36
1.44
1.86
5. 71
2.23
3.48
1.51
3. 90

15.71
1.69
. 74
1.80
5. 31
2. 15
3. 16
1. 30
3.99

16.48
1.98
1.06
1.95
5.36
2 12
3.23
1.34
4.02

16. 51
1.81
.97
1.96
5. 64
2.34
3.31
1.46
3.91

15.77
1.74
1.00
1.95
5.06
1.98
3.07
1.28
4.04

15.48
2.04
1.18
2.16
5.11
2.04
3.07
1.37
2.89

15.40
1.88
1.10
1.98
5.24
2.29
2. 95
1. 33
3.34

17.30
2.12
1.21
2.00
5.42
2.19
3.22
1.39
4.51

16.07
2. 10
1.20
1.81
5.08
2.04
3.03
1.36
4.04

15. 52
1.89
1.13
1.62
5.33
2.41
2.92
1 35
4.11

16.17 ' 16. 19
2.32
2.29
1.42
1.38
r
1.75
1.76
' 5. 37
5.15
'2.16
2. 07
3.08
••3.21
1 39 r I . 45
'4.09
4.13

16. 23
3. 53
12.70

17. 04
3.77
13. 27

17.57
3. 99
13.58

16. 74
3.74
13. 01

17. 51
3.92
13. 59

17.09
3. 83
13. 26

16. 21
3.40
12.82

17.88
3.84
14. 04

17.46
3.89
13. 57

18.48
4.12
14.36

17.40
3.89
13.51

15.96
3.48
12.48

16. 91
3. 70
13.21

r

32. 95

32. 73

33. 07

32. 43

33. 26

32.83

33.23

33. 82

33.76

33. 04

33. 90

' 34. 59 34. 79

16. 00
2.21
1.34
1.88
5.27
2.13
3.14
1.38
3.79

15.73
1.75
.79
1.84
5. 25
2 24
3. 01
1.30
4.00

15.97
1.83
.95
1.88
5.28
2.17
3.11
1.32
3.96

15.44
1.76
.93
1.86
5. 16
2. 05
3.11
1.36
3. 76

16.27
1.90
1.08
1.92
5. 30
2.07
3.23
1.38
4. 16

15.91
2.06
1.20
1.91
5.23
2.08
3.15
1.41
3.68

15.89
1.97
1. 18
1.84
5.18
2. 14
3. 04
1.37
4.06

16. 57
2. 17
1.28
1. 86
5. 42
2. 19
3.24
1. 34
4.05

16. 34
2.07
1.18
1.95
5.42
2.12
3.30
1.39
3.82

16. 02
2.00
1.22
1.81
5.44
2.41
3.03
1.40
3. 66

16. 71
2.14
1.25
1.92
5.51
2. 34
3.17
1.40
4. 02

'17.09
17. 19
' 2. 24 2. 56
1.34
1.62
' ] . 95
1.94
' 5. 54 5. 45
9 99
2. 32
' 3. 22 3.' 23
'1.46
1.44
'4.40
4. 16

16. 95
3. 82
13.12

17. 00
3.75
13. 25

17. 10
3.80
13.29

16. 99
3. 76
13.23

16. 98
3.72
13.27

16.92
3.72
13. 20

17.34
3.85
13.49

17.25
3. 86
13.39

17. 42
3. 86
13. 56

17.02
3.70
13.32

17.19
3. 82
13.37

'17.50
17. 60
3.86
'3.80
' 13. 70 13.75

Book value (seasonally adjusted), total
Durable goods industries total 9
Primary metal
Iron and steel
Fabricated metal
JVlachinery
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
Nondurable goods industries, total 9
Food and beverage
Tobacco
Textile
Paper
Chemical
Petroleum and coal
Rubber
By stages of fabrication:
Purchased materials
Finished goods

Fabricated metal
Machinery
Flectricil
Industrial
Transportation equipment
Nondurable goods industries, total
Industries with unfilled orders0_
Industries without unfilled order^^f
Durable goods industries total 9

__do
do
do
do
do
do
___do
do

__do
do
do
do
do
do
.-do
do
do

I
nnd sfppl
Fabricated metal
Machinery
Electrical

do
___do
do
___do

Industrial

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 $__
Durable goods industries, total 9
Primary metal
Iron and steeLFabricated metal
Machinery
Electrical
Nonelectrical
Industrial
Transportation equipment.

do
do
do
do
do
do _._
do
do
do

Nondurable goods industries, total©

do

££

' 7. 37
'3.50
r
1.83
1.54

7.47
3. 56
1.80
1.54

8.29
13. 18
' 11.40

8.31
13. 19
11.38

r

24. 96

r

24. 82
r

r

5. 35
'2. 17
'2.87
1.76
'4.
60
r
'3. 38
r
1.27

5.38
2. 19
2.88
1 78
4.61
3.40
1.28

' 9. 54
'3.68
11.60

9.49
3.69
11.78

' 32. 73 35. 72
17. 79
2. 71
1.73
1.89
5. 85
2.28
3. 56
1. 57
4. 26

2 17.9

16. 53
17. 93
' 3. 67 4.01
' 12. 86 13.92

48.20

45.65

49. 20

48.48

47.81

47. 45

48.09

47.43

46. 82

46. £0

45.84

45. 65

46. 39

' 47. 25

48. 12

45. 12
4.76
3.48
2.98
18. 10
10.29
7.80
3.53
14.64

42. 92
3.64
2.32
2.90
17. 76
10. 03
7.73
3. 56
14.10

46. 04
5. 32
3.87
3.17
18. 53
10. 27
8. 26
3.84
14.16

45 . 34
4. 64
3. 14
3. 1 7
18.47
10. 30
8. 16
3.78
14.21

44. 59
4. 30
2.82
3.12
18.21
10. 22
7.99
3.69
14. 00

44. 27
3. 96
2. 54
3. 05
18.27
10. 31
7. 96
3.71
13.96

44.99
3.91
2.51
3.11
18. 4H
10. 38
8.08
3. 69
14.31

44. 50
3.86
2.46
3.08
18.19
10. 19
8. 00
3.69
14.25

43. 95
3.74
2. 39
3.01
18.15
10.25
7. 90
3.68
14.13

43.64
3.68
2.34
2.93
18. 00
10.09
7.91
3.66
14. 28

43. 03
3.67
2.32
2. 90
17.73
9.85
7.88
3. 61
14.08

42.92
3.64
2.32
2.90
17. 76
10.03
7.73
3. 56
14. 10

43.57
3.85
2. 50
2.96
17.89
10. 01
7.88
3. 63
14.27

' 44. 40
'4. 16
'T 2. 74
3. 02
' 18. 10
10. 06
'8.04
' 3. 72
' 14. 57

45. 24
4. 56
3. 09
3. 07
18. 22
10. 05
8. 17
3. 76
14. 75

3.08

2.74

3.16

3.14

3.22

3.18

3.11

2.92

2.88

2.86

2 80

2.74

2.82

2. 85

2.89

47.91
44.90
3.02

47.84
44.85
2.99

47.20
44.28
2.92

46.66
43.73
2.93

46.52
43.55
2.97

45.94
43.03
2. 91

45. 85
43.00
2.85

46.28
43. 40
2.88

Unfilled orders, end of year or month (seasonally
48.62
48.28
49.01
adjusted) total*
bil. $__
45. 52
45.22
45. 86
Durable goods industries total
do __
3.06
3.10
3.14
Nondurable goods industries, total©
do
r
Revised. ! Total and components are monthly averages. 2 Advance estimate.
9 Includes data not shown separately.
.
©Includes textiles, leather, paper, and printing and publishing industries; unfilled
orders for other nondurable goods industries are zero.




32. 87
32.88
4.61
4. 61
2.70
2. 72
'3.
15
3. 15
T
11.32
11.23
' 4. 51 4.49
6.81
' 2. 70

2

17.9

2

45. 7

47.88
'46.90
' 44. 01 45.01 "~2~45~9~
'2.89
2.87

IFor these industries (food, beverages, tobacco, apparel, petroleum, chemicals, and
rubber) sales are considered equal to new orders.
*New series. Monthly data prior to
Dec. 1961 appear on p. 27 of the Feb. 1963 SURVEY,

SURVEY OF CURRENT BUSINESS

Mav 1903

Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1961

1962

Monthly
average

S-7

1962
Mar.

May

Apr.

June

1963
Aug.

July

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

17 348
14 457

14 012
15 398

16 124
15 474

1 258 1 304

1 296

1 287

126
221

116
212

225
595

189
620

Apr.

GENERAL BUSINESS INDICATORS—Continued
BUSINESS INCORPORATIONS cf
New incorporations (50 States):©
Unadjusted
Seasonally adjusted*

number. _ 15, 128
do

15, 171

17, 196
15 727

15, 653
15 372

16, 408
15 363

15 234
14 990

14 957
15 171

14, 955
15 216

12, 777
15 232

15 318
15 121

12,926
14 892

13 925
14 767

INDUSTRIAL AND COMMERCIAL
FAILURES <?
Failures total
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade

number--

1,423

1,315

1,490

1,504

1,378

1,281

1 165

1,319

1,118

1 410

1 216

1 101

do
do _.
do
do _do

123
229

112
225

143
276

119
273

102
237

113
194

120
217

92
194

229
664

237
606

106
187

111
231

215
545

227
622

185
514

100
219

244
672

109
193

-

235
691

144

215
629

134

Commercial service
Construction
Manufacturing and mining
Retail trade
\Vholesale trade

6,694
do
do. .. 16, 084
27,
107
do
27, 754
--do
13,
205
do

__
--

Failure annual rate (seasonally adjusted)
No. per 10,000 concerns. .

J

64.4

200
767

142

112

145

146

80, 878 121, 831

91, 512

88, 493

91, 574 146, 832

7,831
20, 295
33, 333
29, 143
10, 531

9 998
15,612
22 421
25, 044
7 803

5 440
24, 586
49 677
31,691
10 437

8 270
15.798
29 659
27, 569
10 216

5
13
32
27
9

5
22
21
29
11

'60.8

59.4

65.0

58.7

thous. $._ 90, 844 101, 133

Liabilities (current), total

228
701

131

445
627
821
065
535

57.3

642
412
598
999
923

133

6
33
36
53
16

58.3

977
618
170
180
887

62.5

133

200
590

152

113
183

181
497

244
582

104

124

112
228
199
629

136

136

129

150

96, 165 119,092

98, 841

81, 275 160, 963

94, 715 100, 502 100, 755

5
12
39
27
9

16
16
34
24
8

8
18
20
22
10

7
22
26
26
11

605
803
988
944
825

62.2

7
24
48
26
11

634
728
833
876
021

66.3

184
095
069
107
386

785
744
671
744
331

59.4

56.0

7
31
56
29
36

738
113
054
552
506

55.2

198
530
971
098
918

6 957
19*017
34 907
26 148
13 473

60.7

54.4

54.2

4
14
32
98
20

960
434
286
847
298

COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
Prices received, all farm products 1
Crops
Commercial vegetables
Cotton
Feed grains and hay
Food grains
_

1910-14=100..

240

243

244

242

242

239

240

244

250

245

245

242

244

242

240

242

do
do
do _ - _
do
do

226

218
262
151
209

231

253
267
153
226

233

236

243

236

231

229

232

226

227

224

228

232

238

261
251
161
234

241
270
161
234

245

266
254
157
231

do
do
do
do

246
257
158
526

221
248
158
532

do
do
do
do
do

251
259
299
146
230

-

Fruit
Oil-bearing crops
Potatoes (incl. dry edible beans)
Tobacco
Livestock and products
Dairy products
Meat animals
Poultry and eggs
\Vool

_

_

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..
Paritv ratio §

_.do

312
268
155
224

325
276
159
230

229
252
132
543

220
255
137
543

254
252
310
144
249

254
255
307
147
240

276
291
266

279
294
269

279
294
269

302

306

79

80

258
275
157
230

229
275
155
229

210
255
189
543

203
253
220
543

246
240
303
139
253

242
232
303
130
260

280
270

295

306
80

314
248
153
223

r

197
275
152
226

233
268
147
230

266
238
153
525

243
238
13Q
519

224
244
144
520

198
247
147
505

216
251
150
485

226
258
155
502

267
958
151
501

309
254
140
501

256
248
318
141
253

266
258
326
153
251

261
265
314
150
249

262
268
314
151
252

258
263
308
151
949

257
257
308
152
255

251
254
294
157
9f)4

942
9
48
281
155
274

240
240
288
144
279

279
294
268

279
294
268

280
294
271

281
294
271

281
295
271

282
296
273

284
297
274

284
298
274

283
997
274

9g3

305

305

305

307

307

307

309

311

311

310

311

78

79

80

81

80

80

78

78

78

77

78

201
275
151
226

201
280
154
226

191
252
205
542

243
245
174
518

242
230
305
128
261

248
239
310
133
257

280
296
269

279
294
268

307

307

79

79

236
261
153
°31

246
978
161
239

997
9
73

CONSUMER PRICES \
(U.S. Department of Labor Indexes]
104.2

105.4

105. 0

105. 2

105. 2

105. 3

105.5

105.5

106.1

106.0

106.0

105.8

106.0

106.1

2 106. 2

do
do

104.8
104.2

106.1
105.4

105. 7
105. 0

106.0
105.2

106.0
105.2

106.1
105.3

106.1
105.4

106 2
105.5

106 6
106.1

106 7
106.1

106 7
106.0

106 7
105.8

106 5
105.9

106 6
106.' 1

106 8
106.1

...do
.do
do
do

102. 4
102.8
100. 5
107.6

103.2
103.6
101. 5
109.5

102 8
103 2
100. 9
109.0

103. 1
103 5
101.4
109 2

103 0
103 2
101. 5
109 4

103.1
103.4
101.6
109.5

103.1
103 5
101.5
109.8

103 2
103 5
101.7
109 9

104 1
104 7
101.6
109 8

104 0
104 4
102. 0
109 8

103 9
104 2
102.2
110 0

103 6
104 0
101.7
110 1

103 6
104 3
100.4
110 5

103 8
104 5
100.6
110 5

103 7
104 4
100.8
110 8

do
do
do
do
do

102. 8
102.6
104.8
104. 2
99.3

103.2
103 6
104.1
105.0
101. 7

102 7
103 2
105.0
104.4
100.6

102
103
103
108
100.

7
4
7
6
1

102 7
103 2
103 0
109 4
99.6

102. 8
103 5
102.7
111.9
99.7

102 9
103 8
103.5
109 9
100.8

102 5
103 (8
103 )
105 2
102 6

104
104
104
102
106

104
104
104
102
104

9
3
3
0
1

104 3
104 1
104 2
102 1
103 5

103
103
103
100
102

9
5
9
2
5

103 0
104 7
103 8
106 4
102 5

103 3
105 0
103 6
109 4
102 1

103
104
103
109
100

Housing9
Gas and electricity
Housefurnishings
Rent

do ._
do
do
do

103. 9
107.9
99. 5
104.4

104.8
107.9
98.9
105.7

104.6
107 9
99.5
105.3

104 6
107 8
99.3
105.4

104 7
107 7
99.0
105.5

104.8
107.7
99.1
105. 6

104.8
108 0
99.0
105.7

104 8
108 0
98.5
105 8

104 9
108 0
98.7
105.9

105 0
108 0
98.8
106 1

105 1
108 1
98.7
106 2

105 2
108 1
98.6
106 2

105 4
108 2
97.9
106 3

105 4
108 0
98.3
106 4

105 7
108 0
98.6
106 4

Medical care
Personal care _
Reading and recreation

do
do
do

111.3
104. 6
107.2

114.2
106.5
109.6

113 6
105 9
109 2

113 9
106 3
109 4

114 1
106. 4
109 5

114 4
106.1
109 2

114 6
106.8
110 0

114 6
106 8
110 3

114 7
106 8
110 0

114 9
106 9
109 5

115 0
107 1
110 1

115 3
107 6
110 0

115 5
107 4
110 2

115 6
107 3
110 0

115 8
107 3
110 1

Transportation. _
do
107.2
107 3
105.0
107 2
105 9
Private.
__
_
do
105.9
104.0
104 0
106.0
106.0
Public
do
111.7
115.4
115 6
114 9
115 6
Other goods and services.
do
105.3
105.1
104.6
105. 1
105.1
r
Revised.
1
2
1
Based on unadjusted data.
Index based on 1947-49=100 is 130.3. rf 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. For revised data (50 States) for 1960, see similar note in the June 1962 SURVEY.

107.3
106.0
115 6
105. 2

106.8
105.4
115 6
105.6

107 4
106 2
115 7
105.5

107 8
106 7
115 7
105. 6

108 1
106 9
116 0
105.6

108 3
107 2
115 4
105.6

108 0
106 8
115 7
105.' 6

All items t
Special group indexes:
All items less food
All items less shelter

1957-59=100..

All commodities.
Nondurables
Durables
Services
AppareL.
Food 9
Dairy products
Fruits and vegetables
Meats, poultry, and

.

fish




6
8
2
2
3

6
6
5
6
7

106 6
106 8
107 0
105 3
105 3
105 6
115 7
116 3
116 4
105^7
105.7
105.7
^Revised beginning Jan. 1959 to incorporate price revisions for individual commoditiesrevisions for earlier periods will be shown later.
§ 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 appear on p. 19 of the Oct. 1962 SURVEY.
9 Includes data not shown separately.

SURVEY OF CURRENT BUSINESS

S-8
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1961

1 1962 *

Monthly
average

May 1963

1962

Mar.

Apr.

May

June

July

1963
Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

COMMODITY PRICES—Continued
WHOLESALE PRICEScf1*
(U.S. Department of Labor Indexes)
Spot market prices, basic commodities:*
22 Commodities
1957-59=100-.
9 Foodstuffs
do

97.0
92.2
100.4

95.4
91.3
98.3

94.6
90.2
97.8

93.0
89.8
95.4

92.5
90.0
94.2

92.6
89.9
94.5

92.5
90.3
94.0

92.9
89.9
94.9

93.0
88.4
96.4

92.6
88.2
95.8

93.5
90.7
95.5

93.3
90.8
95.1

92.2
89.2
94.4

93.0
90.9
94.5

100.3

100.6

100.7

100.4

100.2

100.0

100. 4

100.5

101.2

100.6

100.7

100.4

100.5

100.2

99.9

99.8

do
do
do

96.1
100.3
101.4

97.1
100.2
101.7

97.6
100.3
101.8

96.5
100.5
101.4

95.8
100.4
101.2

95.2
100.2
101.1

96.5
100.3
101.5

97.2
100. 1
101.7

99.2
100.2
102.6

97.4
100.1
101.9

97.6
100.1
102.0

96.8
100.1
101.6

96.8
100.2
101.8

95.6
100.1
101.5

94.5
100.0
101.1

95.0
100.0
100.8

do

99.6
101.3

100.1
101.0

100.2
101.2

99.7
101.2

99.5
101.1

99.3
101.0

99.8
101.0

100.0
101.0

101 9
100.9

100.4
100.7

100.5
100.7

100.0
100.7

100. 2
100.7

99.7
100.7

99.2
100.6

99. 0
100.7

Fruits and vegetables, fresh and dried — do
Grains
do
Livestock and live poultry
do

96.0
93.7
95.6
92.5

97.7
97.7
98.8
96.2

98.4
106.0
97.4
95.7

96.9
99.0
98. 5
94.1

96.2
107.1
101.0
91.4

95.3
98.7
99.9
91.6

96.5
92.2
99. 1
95.8

97.6
90.9
98.1
98.5

100.6
94.9
98.6
104.4

98.7
97.5
98.5
98.6

99.3
96.4
99.5
98.3

97.3
88.5
101.1
96.2

98,5
104.0
""02 0
94.1

96.5
96.5
103.0
89.5

95.4
99.0
103. 7
85.6

95.4
99. 5
105.1
88.2

Foods processed?©
do
Cereal and bakery products
do
Dairy products and ice cream
_ -do
Fruits and vegetables, canned, frozen
do
M^eats poultry and
fish
do

100.7
105.1
107.5
101.7
95.4

101.2
107.6
106.9
98.0
99.1

101.6
107. 4
108.0
99.3
98.4

100.2
108. 0
106.0
99.0
95.6

99.6
107.4
104.5
98.6
95.5

99.8
107.6
105. 0
99.1
95.7

100.8
107.9
105.7
98.7
99.0

101.5
107.8
106. 1
97.1
101.0

103.3
107.6
106.0
96.6
106.8

101.5
107.6
107.7
96.4
100.0

101.3
107.7
108.0
96.3
100.1

100.9
107.6
108.1
95.7
99.4

100. S
107.4
107.8
100.0
97.9

100.5
108.6
108.0
,99.8
95.6

'99.0
'108.0
' 107. 1
"•101.3
91.8

99.4
108.1
106.9
103.0
90.4

Commodities other than farm products and foods
1957-59=100-.

100.8

100.8

100. 8

100.9

100.9

100.7

100.8

100.6

100.8

100.7

100.7

100.7

100.7

100.6

100.6

100.4

99.1
98.4
98.3
87.5
104.3
103.6

97.5
96.3
96.0
76.3
101.9
103.8

98.0
96.6
97.1
81.3
103.7
103.7

97.9
96.5
97.0
79.3
103.7
103. 7

97.7
96.3
97.0
77.1
103.6
103.8

97.6
96.2
97.0
73.4
103.6
103.8

97.2
96.1
95. 1
73.5
101.0
103.8

97.0
95.9
95.0
73.0
98.4
103.8

96.9
95.9
95.0
72.3
98.6
103.8

97.1
96.1
95.1
76.7
99.0
103.8

97.0
95.9
95.1
75.9
99.2
103.8

96.8
95.9
94.8
72.8
99.6
103.8

96.9
96.0
95.2
71.7
100.8
103.8

96.7
95.2
95.1
72.7
102.3
103.8

96.8
95.4
95.2
'74.5
102. 3
103.7

96.5
95.3
95. 2
77.7
102.3
103.7

Fuel and related prod , and power 9
do
Coal
do
Electric power....
Jan. 1958=100Qas fuels
do
Petroleum products, refined
1957-59= 100..

100.7
97.7
102.4
118.7
99.3

100.2
96.8
102.8
119.2
98.2

98.9
98.7
103.1
119.4
95.3

100.2
95.3
103.0
115.3
98.9

99.7
94.6
102.9
116.6
97.9

99.6
94.6
102.8
113.8
98.1

100.0
95.3
102.8
119.7
98.0

99.5
95.6
102.8
117.8
97.2

100.8
96.6
102. 8
120.1
99.2

100.8
97.2
102.7
122.7
98. 9

100.7
97.7
102.7
122.3
98.6

100.8
98.3
102.7
123.1
98.6

100. 4
98.3
102. 5
120.8
98.2

100.3
100.8
98.4
98.1
102.5
102.4
127.8 ' 127. 8
97.1
98.2

100.4
95.8
102.4
124. 2
98.2

Furniture, other household durables 9
do
Appliances household
do
Furniture household
do
Radio receivers and phonographs
do
Television receivers
__do

99.5
95.2
102.8
91.5
97.2

98.8
94.0
103.8
86.1
94.2

99.0
94.9
103.4
87.1
93.7

98.9
94.7
103. 4
86.8
93.7

99.0
94.3
103.7
87.2
95.5

98.9
94.3
103.9
84.8
94.9

98.8
93.9
104.1
85.4
94.3

98.7
93.4
104.0
85.4
94.3

98.6
93.2
103.9
85.1
94.3

98.5
93.0
104.0
85.1
94.3

98.6
93.1
104.1
84.6
94.3

98.4
93.0
104.2
84.5
94.3

98.3
92.3
104.5
84.6
93.6

98.2
92.3
104. 5
84.6
93.6

98.2
92 2
104. 7
84.2
92.7

Hides, skins, and leather products 9
Footwear
-Hides and skins
Leather
- Lumber and wood products
Lumber

do
do
do
do
do
- do

106.2
107.4
107.9
106.0
95.9
94.7

107-4
108.7
106.2
108.5
96.5
96.5

107.4
108.7
103.8
109.6
96.2
95.8

106.9
108.7
103.3
109.5
96.8
96.8

107.2
108.7
105.4
110.6
97.1
97.5

108.0
108.7
108.5
110.0
97.3
97.6

107.5
108. 8
104. 2
108.4
97.5
98.0

107.0
108.8
105.1
106.9
97.4
97.7

107.5
108.8
110.8
106.6
97.0
97.2

107.4
108.6
108.8
106. 5
96.6
96.7

107.3
108.6
107.1
106.8
96.3
96.3

106.9
108. 7
101.6
106.1
95.8
95.8

106. 0
108. 5
95.2
105.2
95.9
95.9

105.1
' 108. 3
85.9
104.7
96.1
96.2

Machinery and motive prod. 9
Agricultural machinery and equip
Construction machinery and equip
Electrical machinery and equip
Motor vehicles

do
do
do
. do. -do

102.3
107.4
107.5
100.0
100.7

102.3
109.5
107.8
98.4
100.5

102.3
109.4
107.6
98.7
100.1

102.3
109. 2
107.7
98.6
100. 1

102.3
109.3
107.7
98.6
100.1

102.2
109.5
107.7
98.4
100.9

102.4
109.5
107.6
98.1
100.9

102.3
109.4
107.7
98.0
100.9

102.3
109.4
107.7
98.4
100.9

102.2
109.6
108.0
98.4
100.4

102.2
110.2
108.2
98.1
100.4

102.3
110.5
108.3
98.1
100.4

102. 3
110.8
108.3
98,0
100.4

102.2
110.8
108.5
97.8
100.4

100.7
94.6
100.7
100.4

100.0
93.2
99.3
99.2

100.4
93.7
99.8
100.1

100.3
93.7
99.6
99.8

100.2
93.1
99.2
99.9

99.8
92. 9
98.9
99.3

99.7
92.9
98.9
99.0

99. 8
92.9
99. 1
99.0

99.7
92.6
99.0
98.9

99.4
92.7
98.7
97.9

99.3
92.8
98.4
98.3

99.3
93.3
98.7
97.7

99.5
92.5
98.8
98.0

99.4
92.4
98.6
98.0

99.4
' 92. 6
'98.4
98.1

99.4
92. 9
98.5
98. 2

By stage of processing:
Crude materials for further processing
Intermediate materials, supplies, etc
Finished goodsO
By durability of product:
Nondurable goods
-

Chemicals and allied products 9
Chemicals industrial
Drugs and Pharmaceuticals
Fats and oils inedible _
Fertilizer materials
Prepared paint
-

M^etals and metal products 9
Heating equipment
Iron and steel
Nonferrous metols

__do
do
do
do
__do_ _
do

do
do
- do
do

98.2
92.3
r 104.

6

84.2
92.7

88.4
103.7
'96.5
'96.6

104.6
108.3
85.0
102.8
97.0
97.6

102. 0
111.0
108.8
'97.1
100.3

102. 0
110.9
108.8
97.0
100. 2

' 105. 1
' 108. 3

Nonmetallic mineral products 9
Clpy products structural
Concrete products
Gypsum products
. ._

do
do_ -do
do

101.8
103.2
102.5
103.8

101.8
103.5
102.6
105.0

102.2
103.6
102.6
105.0

102.4
103. 6
102.6
105.0

102.1
103.6
102.5
105.0

101.9
103.6
102.5
105.0

101.6
103.6
102.7
105.0

101.6
103. 6
102.6
105.0

101. 5
103.6
102.6
105.0

101.6
103. 4
102.7
105.0

101.6
103.4
102.8
105.0

101.5
103.5
102.5
105.0

101.4
103.7
102.5
105. 0

101.5
103.6
102.2
105.0

101.5
103.6
102. 2
105.0

101.5
103.6
102. 2
105. 0

Pulp, paper, and allied products
Paper
Rubber and products
Tires and tubes

do
do - do
-- do.- -

98.8
102.2
96. 1
92.4

100.0
102.6
93.3
87.1

101. 0
102. 7
93.6
87.6

101.3
103. 1
92.9
86.1

100.8
103.1
93.2
86.4

100.5
103. 1
93.0
86.4

100.0
102. 6
92.7
86.4

99.7
102.6
92.7
86.4

99.5
102.4
92.8
86.4

99.3
102.3
93.1
86.4

99.1
102.2
93.7
88.0

99.0
102.2
94.4
89.0

99.0
102.2
94.3
89.0

99. 1 '99.0
102.2
102. 2
94.2
94.1
89.0 ! 89.0

99.0
102. 2
94.1
89.0

-do
do_ do
do
do
do

99.7
101. 0
100.4
93.4
113.2
97.1

100.6
101. 5
101.7
93. 9
125. 9
99.1

100.5
101.3
102.4
93.5
116.3
98.3

100. 5
101.3
102.4
93.7
121.6
98.6

100.7
101.4
102. 1
94.5
126.4
98.9

100.8
101. 5
102. 0
94.6
130. 7
99. 1

100.9
101.8
101.9
94.7
130. 2
99.3

100.8
101.8
101. 7
94.3
132.4
99.3

100.6
101.6
101. 3
94.0
125. 2
99.4

100. 5
101.7
101. 0
93. 6
129. 5
99. 6

100. 5
101.7
100.7
93.6
130.3
100.1

100.6
101.7
100.8
93.7
143.3
100.2

100.4
101.3
100.6
93. 7
149. 8
100. 7

100.3
101. 4
100. 5
93. 7
151. 1 i
100. 7 I

103. 2
100. 6
101. 4
103. 9
100.9

104. 1
101.0
101.4
107.3
100.8

104.0
100. 8
101.4
105. 6
100.5

104. 0
100. 8
101. 4
106. 0
100.5

104.1
101. 1
101.4
106. 0
100.5

104.1
101. 1
101. 4
105. 4
100.7

104. 0
100. 7
101.4
107. 6
101.0

104.2
101. 1
101.4
107.2
101. 0

104. 2
101.1
101.4
109. 1
101. 1

104. 5
101. 5
101. 4
108. 7
101.2

104.5
101. 5
101.4
109. 8
101.2

104. 3
101.1
101.4
110.2
101.3

104.3
101.1
101.4
111.6
101.3

104. 3
104. 3
101. 1 : 101.1
101. 4 ; r 101.4

99.7
96.0

99.4
94.9

99.3
95.2

99.6
95.1

99.8
95.1

100.0
95.0

99.6
94.8

99.5
94.8

98.8
94.3

99.4
94.3

99.3
94.3

99.6
94.5

99.5
94.3

100.1
99. S
94. 3 ; i 94. 2

Textile products and apparel 9—
Appprel
.
Cotton products
Manmade fiber textile products
Silk products
Wool products

Tobacco prod, and bottled beverages 9 ---do
Beverages alcoholic
do
Cigarettes
..
do
Miscellaneous
...
do
Toys, sporting goods
-do

111.0

101.1

r

100.2
101.4
100 9 1
r
93. 8
150.9
100. 8

: iio.s

' 100. 5

100. 1
101.3
100. 1
93. 8
150. 9
100. 8
104. 3
101.1
101.4
108. 0
100. 7

PURCHASING POWER OF THE DOLLAR*
As measured byWholesale prices
Consumer prices. -.

1957-59=100..
-do

r
Revised.
1 Indexes based on 1947-49=100 are as follows: Measured by— who esale
prices, 84.4 (Apr.); consumer prices, 76.8 (Mar.). cfFor actual wholesale prices of individual
commodities, see respective commodities. JData reflect conversion to the 1957-59=100 reference base period. Monthly and annual data for earlier periods for major components appear
on p. 20 of the Oct. 1962 SURVEY. *New series. The index measures price trends of cominodities which are particularly sensitive to factors affecting spot markets.




1 100. 2

Monthly 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.
0Revisions for Mar -Dec. I960 appear on p. 20 of the Oct. 1962 PURVEY; those for Jan.June 1961, respectively, are as follows (1957-59 = 100): 102.0; 102.6; 101. / ; 100.9; 99.8; 99.0.

SURVEY OF CURRENT BUSINESS

May 1963

Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1961

1962

Monthly
average

S-9

1962
Mar.

Apr.

May

June

July

1963
Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE
New construction (unadjusted), total

4,783

5,090

4,131

4,600

5, 319

5,826

5,743

5,844

5,791

5,748

5, 339

4,888

4,334

' 4. 001 ' 4, 353

4,804

3 364

3,615

2,987

3,325

3 821

4, 112

4 078

4,082

4,038

3,888

3,781

3,535

3,138

' 2, 938 ' 3, 118

3 450

1,875
1,349
428

2,069
1,521
443

1,629
1,192
343

1,928
1,345
487

2,308
1,514
692

2,492
1,697
686

2,388
1,759
516

2,353
1,794
445

2,311
1,776
423

2,187
1,702
374

2, 137
1,646
380

1,999
1,541
351

1,746 ' 1, 579 ' 1, 725 2,033
1,309 r 1, 156 ' 1, 269
1,430
335
'323
'359
506

896
230
389
193
123
449

944
234
414
202
119
459

833
221
348
167
96
410

839
223
348
161
107
433

894
229
383
185
122
476

971
235
433
225
137
489

1,025
239
469
252
147
491

1,039
241
471
246
152
511

1,037
245
465
234
146
515

1,021
245
454
217
132
520

1,010
244
454
212
113
495

964
243
428
189
95
453

899
241
382
155
92
378

do

1,420

1,476

1,144

1,275

1,498

1,714

1,665

1,762

1,753

1,860

1,558

1,353

1,196

do
do
do
do

428
114
485
393

426
106
521
422

392
95
279
378

425
103
339
408

436
114
509
439

472
157
618
467

461
94
643
467

464
117
700
481

459
117
708
469

463
129
800
468

418
113
589
438

390
104
496
363

389
104
338
365

57, 748

58, 279

60, 764

62, 678

62, 084

62,829

62, 358

63, 517

62,610

61, 823

62, 917 '60,353 '61,138

61,014

40, 553

41,747

43, 472

44, 842

44, 908

45,244

44, 976

43, 843

44,059

44, 134

43, 434 '42,313 '42,309

43, 280
24, 788

mil.$_.

Private total 9

do

Residential (nonfarm) 9
do__ _
New housing units
do
Additions and alterations
do
Nonresldential 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
Highways
_
_
Other types

New construction (seasonally adjusted at annual

Public utilities

Military facilities
Highways

' 1, 063 ' 1, 235

'352
97
277
'337

'404
1

c337
)

'377

837
225
353
148
112
448

1,354
420

0)
0)
0)

22, 507

23,484

25,018

26, 118

25, 987

25,957

25, 813

25, 013

25,432

25, 654

24, 830 '23,878 '23,830

do

11,234
2,792
4,793
2, 353
1,385
5.388

11,257
2 886
4,752
2 268
1 466
5,481

11, 403
2,950
4,865
2,352
1,531
5,539

11,661
2,962
5,110
2,588
1,533
5, 444

11,830
2,936
5,273
2,688
1,533
5,626

11, 723
2,930
5,214
2,549
1,575
5,548

11,419
2,885
5,018
2,316
1,526
5,575

11,261
2,820
4,967
2,245
1,436
5,637

11, 205
2,788
4,979
2,262
1,332
5,657

11,348
2,773
5,086
2,310
1,330
5,621

do

17, 195

16, 532

17, 292

17, 836

17, 176

17,585

17, 382

19, 674

18,551

17, 689

19, 483 '18,040 '18,829

17, 734

do
do

5,069
1,328
5,771

5,106
1,381
5,057

5 122
1,354
5,830

5,257
1,549
5,989

5,043
1,170
5,876

5,083
1,244
6,195

5, 065
1,164
6,140

5,192
1,492
7,786

5,216
1,003
6,922

5,083
1,324
6,343

5,096
1, 787
7,483

r 5, 096 '5,212
1,684
0)
' 6, 181 6,948

5,044
1

do

Public, total 9

851
228
363
155
' 102
'419

11,033
2, 653
4,795
2,442
1,295
5,449

Nonresidential buildings, except farm and
public utilities total 9
mil $
Commercial 9

869
235
368
151
'93
'377

11,219
2,716
4,999
2,256
' 1, 328
' 5, 588

11, 244
2,742
4,982
2, 266
' 1, 366
' 5, 573

11, 185
2, 815
4,846
2,162
1,464
5,561

C)
0)

CONSTRUCTION CONTRACTS
Construction contracts in 48 States (F. W. Dodge
Corp.): A
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

3,095
2
108
1,046
2,049

3,442
2
120
1,133
2,309

3,986
131
1, 475
2, 511

3,860
121
1,211
2,650

4 009
117
1,227
2,782

3,900
120
1,331
2,569

3,747
117
1,231
2,516

3,631
118
1,039
2,591

3,273
113
1,099
2,174

3,425
117
1,003
2,422

3,188
123
1,099
2,089

3,198
138
1,190
2,009

2,779
121
932
1,847

2,917
130
1,092
1,825

3,583
118
1,182
2,401

1,010
1,344
576
165

1,084
1,503
659
196

1, 325
1,552
806
303

1,102
1,816
702
241

1,275
1,819
729
186

1,242
1,656
724
277

1,197
1,623
719
207

1,177
1, 651
626
176

1,019
1,519
624
111

1,075
1,610
574
166

1,066
1,361
661
99

921
1,166
787
325

1,016
1,250
433
82

1,005
1,215
571
127

1,146
1,642
629
167

1,482

1,358

1,953

2,675

2,075

3,250

2,037

8,131
1,042
4,872
2,217

10, 216
521
6,415
3,279

Heavy construction:
Highway concrete pavement contract awards:cf
Total
_thous. sq yds
Airports
do
Roads
do
Streets and alleys
do

8,939
476
5,390
3,073

9,483
477
6,217
2,789

6,530
408
4,170
1,953

8,888
848
5,694
2,346

9,796
787
4,973
4,037

10, 846
727
6,445
3,674

8,861
1,017
4,443
3,402

10, 414
421
6,205
3,788

6,986
123
4,415
2,447

10, 718
132
6,479
4,107

14, 898
246
12, 017
2,635

10, 576
216
8,711
1,650

11, 019
1,023
7,815
2,181

6,351
122
4,923
1,306

113.8
82.4
109.4

123.5
82.8
121.0

117.2
79.8
115.4

151.6
101.7
147.0

156.6
107. 7
154.2

139. 5
96.9
136.2

139.3
96.0
135.8

147.9
101. 7
146. 1

116.3
76 4
113.6

136.4
91.0
133.5

121.9
78.4
120.3

94.5
56.1
93.5

'83.3
47.4
''SO. 6

'87.6 ' 126. 7
52.9
'86.5 r 123. 2

111.4
78.8
107.1

121.5
86.8
119.1

115.6
83.2
113.8

149.5
110.6
144.9

155. 1
112 0
152. 7

137.0
96. 2
133.7

137.4
97.7
133.9

144.8
99.3
143.0

113.7
83.7
111.0

132.5
92.9
129.7

120.8
83.0
119.2

93.5
67.8
92.5

'82.2
'61.5
'79.5

'86.1 ' 125. 0 154.0
'64.5
87.6
'85.0 ' 121. 5 152.8

1,431
1,407

1,542
1,521

1,579
1 566

1,425
1 399

1,466
1,447

1 529
1 500

1 289
1 261

1,550
1 504

1,586
1,571

HOUSING STARTS
New housing units started :J
Unadjusted:
Total, incl. farm (public and private) __.thous__
One-family structures
do
Privately owned.
_ do
Total nonfarm (public and private)
In metropolitan areas
Privately owned..

do
do
do

Seasonally adjusted at annual rates:
Total, including farm (private only)
Total nonfarm (private only)

do
do

r

156.2
155.0

1,472 ' 1, 242 ' 1, 280 ' 1, 521 1,627
1,453 ' 1, 220 ' 1,255 ' 1, 497
1,605

CONSTRUCTION COST INDEXES
Department of Commerce composite
American Appraisal Co., The:
Average, 30 cities..
Atlanta
__ .
New York
San Francisco. _
St Louis

1947-49=100..

145

148

147

148

147

148

148

149

149

148

148

149

149

150

150

150

1913=100._
_
do
do
do
do

741
810
814
703
720

756
832
836
720
741

749
824
825
711
735

750
824
825
711
735

751
824
824
711
738

754
825
825
711
742

758
833
845
711
743

760
833
845
718
743

762
835
845
734
743

762
845
846
734
743

768
848
848
740
748

768
848
848
740
754

770
851
849
741
756

771
851
849
744
756

771
852
849
745
756

772
852
849
745
754

Associated General Contractors (building only) O
1957-59=100..
109
111
110
111
111
r
Revised.
1 Not yet available; estimate included in total.
2
Computed from cumulative valuation total.
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.
AMonthly averages are based on annual totals including revisions not distributed by
months.




113
112
111
113
113
112
112
111
112
112
112
§ Data for Mar. 1962 and Jan. 1963 are for 5 weeks; other months, 4 weeks. Comparable
data prior to 1962 not available.
d"Data for May, July, and Oct. 1962, and Jan. and Apr. 1963 are for 5 weeks; other months,
4 weeks.
JFor revised data for Jan.-Sept. 1961, see Census report (C20-41).
ONote shift in reference base; data prior to Sept. 1961 on 1957-59 base are available upon
request.

SURVEY OF CURRENT BUSINESS

S-10
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1961

1962

Mar IOCS

1962

Monthly
average

Mar.

Apr.

May

July

June

1963
Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

1 Mar.

Apr.

CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES— Con.
E. II. Boeckh and Associates: 1 *
Average, 20 cities:
\11 types combined -.U.S. avg. 1957-59=100 _
Apartments, hotels, office buildings
do __
Commercial and factory buildings
do
Residences
do
Engineering News-Record: O
Building
1957-59 = 100-Construction
-do
Bu. of Public Roads— Highway construction :t
Composite stand mile (avg forqtr) 1957-59~100

105.6
106.3
105.6
104.5

107.8
108.8
107.8
106.3

106.5
107.4
106.5
105. 1

107.0
107.9
106.9
105.6

107.6
108.6
107.6
106.2

107.9
108.9
107.9
106 4

108.5
109.4
108.5
106.9

108.7
109. 7
108.6
107 2

108.8
109.8
108.7
107 3

108.7
109.7
108.7
107 2

108 5
109.6
108 5
106 9

108.6
109.7
108.6
106 9

108.8
109.9
108 8
107 1

108 9
110.0
108 9
107 1

108. 9
110.0
108.9
107 2

107.8
111.5

110.1
114.7

109.1
113.4

109.3
113.6

109.9
114.7

110.0
114.9

110.6
115.4

111.1
116.0

111.1
115.9

111.0
115.8

110 8
115.8

110.8
115.8

110 9
116 1

111 0
116 2

111.2 1111.2
116.4 ! i 11C. 4

2

94.9

2

129.3

133.9

97.4

98. 6

98.4

97 0

99 6

101 2

CONSTRUCTION MATERIALS
Output index:
Composite unadjusted 9 1
Seasonally adjusted 9 t

1947-49—100
^^

Iron and ^teel products, unadjusted J
do
Lumber and wood products, unadj.J- _ do
Portland cement unadjusted
do

r

133. 4
138. 1

T
r

136 0
133. 9

T
r

149 8
139. 7

r

145 0
135 9

r
r

132 1
137. 1

r

155 2
* 141.3

r
r

139 5
133. 7

r

150 3
132.7

r 19Q 3

135 3

T

109 4
127. 9

130. 2
127.4
161.6

131.6
132. 8
167.6

138.8
135.1
122.4

139.2
134.7
168.0

150. 5
146.0
201.7

146.3
135. 0
193.2

128. 5
121.9
199.7

152 1
147.9
216 1

133.6
134.5
201.4

141.4
149.1
202. 9

20.3

18.4
14.3

24.6
246
19.0
208

22.7
240
16. 3
167

23.1
229
17. 8
172

20.4
°16
14.7
147

19.8
221
17.1
184

19.3
195
15. 5
148

15.4
191
12.1
158

17.7
207
14.1
176

13.1
207
10 6

11.7
199

14.8

168

8.9
172

418.16
204. 97

371.89
181.81

402. 80
183 76

403. 77
206 90

432. 60
219. 34

464. 73
247. 35

430. 95
231 21

546. 38
284. 92

492. 28
253. 52

2,151

2,323

2,429

2,767

2,860

2,948

3,046

3,091

1,611

J]Q 7

99.9
115.4
137.2

131.5
109 4

123.2
88 2

13.2
203
10 6

14.6
197
10.7

161

150

428. 99
236. 34

503. 65
254 04

399. 82
202. 02

3,068

3,479

2,802

2,611

132 8
175 5

REAL ESTATE
Mortgage applications for new home construction:*
Applications for FHA commitments
thous. units..
Seasonally adjusted annual rate
do
Requests for VA appraisals
do
Seasonally adjusted annual r a t e
do

Home mortgages insured or guaranteed by —
397. 10 439. 24
Fed Hous Adm • Face amount
mil $
152. 63 221. 01
Vet Adm * Face amount
do
Federal Home Loan Banks, outstanding advances
s
to member institutions
mil $__ 2, 662 3 3, 479
New mortgage loans of all savings and loan associations, estimated total - - mil. $__
By purpose of loan:
Home construction
do
Home purchase
_do__ \11 other purposes
do

416.19 ! .
219.06
2. 514

1,447

1,730

1,661

1,857

1,936

1,839

2.036

1,731

1,953

1,750

1,755

1, 573

423
601
423

498
710
521

464
633
514

512
635
514

584
739
534

572
823
541

515
796
528

540
920
576

495
746
490

543
823
587

505
708
537

534
643
578

434
616
523

'429
r
576
r
498

2,596
6,090

2,849
7,204

2.627
7,441

2,704
7,055

2,983
7.214

3.075
7.396

3,134
7,206

3,333
7,568

2,861
7,034

3,208
7,271

2,883
7.553

2,682
7.221

2,658

2,424

2,751

.mil. $__ 100. 75

105. 42

114.42

106. 14

114.53

95.99

94.79

94. 58

85.25

99.99

105.69

104.29

142. 00

126. 53

137.38

50.7
1.5
5.8
1 2
4.7
8.8

66.6
3.0
9 0
15
5.9
10.3

85.1
5.3
10.9
31
8.6
11.4

New nonfarm mortgages recorded ($20,000 and
under) estimated total
mil. $ _
Nonfarm foreclosures
number
Fire losses (on bldgs contents, etc )

18. 8
197
Ml. 0
152

24. 9
251
12.2
119

..__
2, 635

* 1, 503 M.834 1 2,081
«- 573
'r 666
595 i

618
703
K99

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

242
252
191

240
254
184

243
268
194

240
242
192

239
248
189

240
261
186

245
243
188

246
249
196

240
258
186

247
245
201

239
261
194

201
143
20
'482

202
134
19
541

200
128
20
544

196
131
18
533

196
133
20
550

191
133
21
551

193
140
17
549

203
146
17
583

201
144
20
562

202
146
20
519

220
124
19
528

197
117
17
520

2 2199. 7
13 1
2
63.3
36 7 2 39.5

194.6
12 7
60.7
42.7

193 2
12 2
58.1
39 1

192.4
9. 6
62.6
37.4

218.7
17 7
71.9
38.5

220 9
222.2
240.8

19 6
21.9
37.0

20 9
21.7
41.2

24.4
21.6
36.8

18 9
23.5
48.2

2 154.
4 2 180. 3
do
2
4.3
25.9
do
2
30.2
236.1
do
2
52. 5 260.4
do ._

182.1
4.2
39.7
64.5

189.4
7 4
31.8
62.8

151.9
5.4
30.2
48.3

197.8
66
42.7
65.9

21.1
27.4
49. 4

21.5
8.4
43.8

23 5
9.0
54.9

20.4
5.0
42.6

19 0
7.3
56.3

73.0
4.6
7.9
23
7.1
10.6

81.3
5.0
9.3
3.5
7.0
12.5

do
do
do
1950-52=100--

Television advertising:
Network :cf
Gross time costs, total
Automotive incl accessories
Drugs and toiletries
Foods soft drinks confectionery

Soaps cleansers etc
Smoking materials
All other

'232
246
185

mil. $
do
do do
do
do
do

do
do
do
do -.
do _.do
do
do
_ do

2
1780
2
12 0
2
52.0
2
2
2
2

2

19 2
21.2
37 0

18.0
7.4
41.9

2

2

2

69.7
4.5
7.0
2.5
6.6
10.2

2

87. 1
7.2
10.8
3.6
7.5
11.1

82.0
5.7
9.2
37
7.3
10.1

4.3
3.7
Beer, wine, liquors
do
4.5
4.7
4.6
7.2
4.8
4.9
7.5
Household equip., supplies, furnishings __do
4.9
3.6
3.8
4.2
Industrial materials
do
3.7
4.3
.7
.8
.8
.8
Soaps, cleansers, etc
do
.7
2.4
2.6
28
2.6
2.9
Smoking materials
do
22.9
28.5
All other
do
23.8
27.5
26.0
r
Revised.
»Index as of May 1,1963: Building,
111.6; construction, 117.6.
2
3
Quarterly average based on quarterly data.
End of year.
H Copyrighted data; see last paragraph of headnote, p. S-l.
*New series; data prior to
1961 (1962 for seas. adj. mortgage applications) will be shown later.
G Re vised to reflect
data as of 1st of indicated month and shift to 1957-59=100 reference base; data for building
costs
prior
to
Aug.
1961
are
shown
on
p.
18
of
the
Oct.
1962
SURVEY;
1950-62
data for construc
tion costs, on p. 18 of the May 1963 SURVEY.
f Revised to reflect current specifications and



72.9
2.9
7.6
2.6
8.1
10.3

51.7
.9
4.4
1. 7
6.4
8.8

50.2
5.2
3.6
1.4
5.0
7.1

75.0
8.4
5.6
2.7
6.9
9.4

91.8
6.8
12.8
2.4
8.6
13.1

96.3
5.4
11 3
19
9.9
14.1

71.9
3.2
6.1
10
8.0
10.4

5.1
3.6
2.8
5.1
8.6
3.9
1.6
32
6 2
4 4
2.4
7.6
4.2
5.0
3.4
2.7
7.0
5.0
5.0
3.5
4.4
3.3
3.2
4. 1
3.5
4.9
2 1
4 6
2 4
35
1.0
.6
.7
.6
.7
.7
1.4
.7
1.0
1.0
2 8
2.5
35
2.7
2.5
37
2 1
25
2 8
16.3
27.2
16.0
22.6
24.7
23.2
19.6
31.7
24.6
29.2
base period; data prior to 4th qtr. 1960 are available upon request.
9 Includes data for items not shown separately.
t Revisions available upon request are as follows: 1955-61 for composite index; 1955June 1960 for iron and steel; 1959-Oct. 1961 for lumber and wood products.
cf Revised beginning 1961 to provide for horizontal contiguity rate structure, wherein a
single advertiser might obtain a lower basic rate through the purchase of time across-theboard; not directly comparable with earlier data.

SURVEY OF CURRENT BUSINESS

May 1963

Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1961

1962

S-ll

1962

Monthly
average

Mar.

Apr.

May

June

July

1963

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

261.4
59.2
202.2
12.3
4.3
30.0
155.6

235.2
50.3
184.9
7.7
4.5
21.2
151.5

197.7
55.1
142.6
9.6
6.6
17.8
108.6

190.3
53.2
137.1
10.3
4.2
19.5
103.2

238.7
63.4
175.3
11.9
4.7
25.4
133.3

Apr.

DOMESTIC TRADE—Continued
ADVERTISING— Continued
Newspaper advertising linage (52 cities):
Total
mil . lines
Classified
_
-do
Display total
do
Automotive
do. __
Financial
do
General
_
_
do
Retail
do

231.4
58.1
173.3
12.3
4.9
26.9
129.1

233.2
60.5
172.7
12.4
4.8
25.1
130.3

236.9
62.2
174.7
12.7
4.8
27.6
129.5

246.0
63.6
182.4
13.7

256.9
65.9
190.9
15.1

227.6
62.3
165.3
14.2

207.0
61.7
145.3
12.6

229.8
64.6
165.1
11.3

239.5
63.2
176. 3
11.2

27.6
135.6

30. 5
140.9

26.1
120.6

19.0
108.3

20.0
130.4

26.1
134.9

257.8
62.5
195.3
16.2
5.1
31.3
142.6

mil. $__ 18, 234

RETAIL TRADE
All retail stores:
Estimated sales (unadj.), totalt©

19, 613

19,036

19, 251

20. 226

20, 254

19, 138

19, 920

18, 863

20, 576

20,911

24, 127

5, 608
3, 076
2,870
206

6,245
3,566
3,344
222

6,139
3,780
3, 579
201

6,284
3, 763
3, 544
219

6,828
4,026
3.786
240

6,786
3, 944
3,697
247

6. 330
3, 567
3,334
233

6,321
3,421
3,194
227

5, 604
2,808
2, 599
209

6,988
4,082
3, 850
232

6,742
3, 869
3.641
228

6,766
3,434
3,139
295

5,695
3,487
3,309
178

' 5, 432
r 3, 309

865
547
318
913
700
213

901
583
318
947
728
219

814
532
282
816
623
193

789
529
260
950
728
222

876
577
299
1, 063
814
249

894
580
314
1,068
829
239

873
573
300
1,070
850
220

948
625
323
1,096
874
222

916
598
318
999
782
217

962
627
335
1,068
846
222

1,020
658
362
976
760
216

1.216
745
471
921
609
312

830
517
313
695
520
175

'781
502
'279
'649
493
'156

12, 626
1,144
222
439
282
201

13, 367
1,195
228
456
297
213

12, 897
1,063
186
418
263
196

12, 967
1,307
221
496
320
270

13, 398
1,183
221
463
285
214

13, 468
1,121
233
407
269
212

12, 808
971
185
368
236
182

13, 599
1,096
192
414
275
215

13, 259
1,193
206
455
296
236

13, 588
1,214
228
468
308
212

14, 169
1,320
258
513
340
209

17, 361
2,127
467
801
554
305

._ do _
do
- do
do
_ do

645
1,367
4,618
4,159
1.498

669
1,442
4,801
4,344
1,554

657
1,336
4,971
4, 522
1,487

643
1,371
4,520
4,073
1,511

669
1,486
4,791
4,326
1,577

667
1, 537
5, 033
4, 563
1,623

646
1,566
4,733
4,267
1,647

658
1,630
4,997
4,521
1.662

632
1, 513
4,823
4,369
1, 564

647
1, 485
4,803
4, 350
1,604

660
1,445
4, 917
4,456
1,561

880
1,479
5, 237
4,732
1,629

649
'667
"641
1,334 ' 1, 254 ' 1,425
4,738 " 4, 467 ' 5, 004
4,303 ' 4, 048 " 4, 551
1,540 ' 1, 395 ' 1, 531

General merchandise group 9
do__
Department stores
do
Mail order houses (dept. store rndse.)- do
Variety stores
do
Liquor stores
do

2,076
1,213
161
340
409

2,267
1,315
169
371
450

1, 966
1, 146
145
324
408

2,152
1,248
156
363
402

2,201
1,282
163
351
424

2,141
1,262
137
352
435

1,926
1,106
131
323
437

2,241
1,266
180
367
461

2,232
1,303
165
352
436

2,372
1,377
183
360
447

2,711
1,575
245
400
488

4,119
2,422
267
751
700

1,756
1.005
139
259
409

do

19, 328

19, 673

19. 508

19, 163

19, 761

19, 645

19, 693

19, 821

20, 230

20, 203

do
do
do
do

6,180
3,557
3,329
228

6,332
3,646
3,422
224

6,169
3,520
3,297
223

6,029
3,436
3,220
216

6,378
3,658
3,446
212

6,128
3,423
3,218
205

6,125
3,372
3,149
223

6,481
3,832
3,610
222

6,523
3,760
3,533
227

6,453
3,662
3,418
244

6,477
3,726
3,502
224

888
576
312
937
715
222

888
582
306
972
753
219

876
562
314
946
728
218

861
565
296
923
713
210

908
604
304
978
763
215

909
595
314
951
736
215

951
625
326
933
710
223

891
574
317
927
718
209

924
585
339
961
744
217

949
603
346
955
708
247

941
600
341
941
714
227

do
do
do
do
do
do

13, 148
1,217
232
464
306
215

13, 341
1,207
231
450
304
222

13, 339
1,196
236
451
304
205

13, 134
1,114
208
431
277
198

13,383
1,200
229
462
301
208

13, 517
1,224
237
463
301
223

13, 568
1,203
236
467
292
208

13,340
1,160
225
442
282
211

13, 707
1.231
231
483
300
217

13, 750
1,219
231
467
299
222

do
do
do
do
do

658
1,441
4,680
4,237
1,552

675
1,426
4,787
4,318
1,547

677
1,444
4,801
4,335
1,533

680
1,464
4,722
4,269
1,553

674
1,404
4,835
4,368
1,525

673
1,461
4,856
4,391
1,546

651
1,454
4,915
4,453
1,563

648
1,443
4,846
4,390
1,566

690
1,486
4,813
4,360
1,566

686
1,465
4,928
4,474
1,605

663
1,463
4,943
4,485
1,639

"688
1,502
4,897
4,439
1,608

679
1,516
4,835
4,379
1,594

General merchandise group 9
do
Department stores
do
Mail order houses (dept. store mdse.) _do
Variety stores
do
Liquor stores
do

2,246
1,323
162
380
422

2,248
1,303
171
379
459

2,263
1, 315
167
376
448

2,193
1,294
160
357
433

2,283
1,340
167
374
448

2,294
1,303
181
381
471

2, 332
1,362
182
368
436

2,229
1, 254
163
371
456

2,393
1,355
177
392
473

2,340
1,389
167
356
448

2,320
1,336
177
373
460

2,319
1,334
"172
"378
"459

2,440
1,430
183
379
469
28.24
12.21
5.44
1.91
2.43

Durable goods stores 9 ©
do
Automotive group0
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 dealers cf
Hardware stores

do
do
do
do
do
do

Nondurable goods stores 9
do
Apparel group
do
Men's and boys' wear stores
do
Women's apparel, accessory stores do
Familv and other apparel stores
. do _
Shoe stores
do
Drug and proprietary stores
Eating and drinking places
Food group
Grocery stores
Gasoline service stations.

__

Estimated sales (seas adj ), totalf©
Durable goods stores 9 ©
Automotive group©
Motor veh , other automotive dealers
Tire battery accessory dealers©
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
AVomen'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

Estimated inventories, end of year or month: t
Book value (unadjusted), total
bil. $__
Durable goods stores 9
do__ _
Automotive group _ _ __ _ _ ._ do
Furniture and appliance group
do
Lumber, building, hardware group.. .do

18, 261 17,087 "19,714

'

" 6, 394
' 3, 934
3,738
3, 148
' 161
196

"834
541
293
794
605
189

' 1, 627 ' 2, 092
1,210
"902
159
' 130
392
"274
436
"386

i
i
i
i

i 652
1 , 406
4. 671
4. 237
1.528

i 2, 371

20, 247 '20,350 "20, 424 120.178
' 6, 583 ' 6, 636
3,786
" 3, 792
' 3, 570 3, 555
231
"222

"951
611
"340
"926
710
"216

i 6, 574

950
611
339
954
731
223

13, 770 "13,767 "13, 788 113,604
1,220 "1,214
1,202
230
223
"236
461
464 __
"461
314
296
"301
215
219
"216

26. 56
11.46
4.81
1.91
2.30

27. 37
11.83
4.99
1.92
2.44

27. 54
11.99
5.04
1.97
2.50

27. 44
11.98
5.04
1.94
2.49

27.02
11.77
4.87
1.92
2.48

26.91
11.76
4.88
1.91
2.46

26.66
11.17
4.21
1.92
2.44

27. 02
10. 96
3.97
1.97
2.42

28.04
11.44
4.33
2.01
2.40

28.57
11.73
4.52
2.05
2.37

26.56
11.46
4.81
1.91
2.30

26.51
11.56
5.03
1.87
2.30

"27.29
11.96
"5.37
1.87
"2.35

do
do._ _
do
_ . do

14.75
3.22
3.31
4.04

15.10
3.23
3.34
4.20

15.54
3.41
3.37
4.43

15.56
3.41
3.35
4.46

15.46
3.35
3.37
4.42

15. 25
3.26
3.34
4.34

15.15
3.19
3.28
4.38

15.48
3.40
3.28
4.53

16.06
3.58
3.38
4.76

16.60
3.70
3.43
5.09

16.84
3.70
3.46
5.15

15.10
3.23
3.34
4.20

14.94
3.09
3.29
4.17

' 15. 33 16.03
"3.25
3.48
"3.35
3.42
"4.41
4.64

Book value (seas, adj.), total
__do
Durable goods stores 9 -do
Automotive group
do__
Furniture and appliance group
do
Lumber, building, hardware group -_do_...

26.86
11.52
4.69
1.92
2.33

27.43
11.73
4.88
1.96
2.38

26.78
11.38
4.54
1.93
2.38

26.87
11.43
4.54
1.96
2.41

26. 91
11.42
4.54
1.93
2.40

27.08
11. 45
4.55
1.92
2.43

27.18
11.59
4.67
1.94
2.44

27.05
11.51
4.58
1.92
2.45

27.24
11.66
4.72
1.94
2.44

27.40
11.76
4.81
1.94
2.44

27.49
11.83
4.88
1.94
2.43

27.43
11.73
4. 88
1.96
2.38

27.54
11.72
4.95
1.95
2.36

" 27. 59
" 11. 78
" 5. 02
1.93
2.36

27.73
11.80
5.03
1.92
2.37

15.34
15. 40
15.70
15.44
15.52
Nondurable goods stores 9
do
3.41
3.42
3.35
Apparel group
do
3.40
3.39
3.31
3.34
3.35
3.33
Food group
do
3.36
4.44
4.41
4.58
General merchandise group
-do
4.44
4.46
* Revised.
i Advance estimate.
tData for retail sales (1946-50) and for wholesale
sales and inventories (1946-47) have been revised for comparability with later data; new
figures are available upon request.
9 Includes data not shown separately.
©Revised
beginning Feb. 1961; revisions for Feb.-Apr. 1961 are available upon request, d*Comprises

15.62
3.43
3.34
4.52

15.59
3.41
3.30
4.54

15.54
3.39
3.33
4.51

15.58
3.34
3.40
4.50

15.64
3.38
3.38
4.54

15.66
3.38
3.36
4.51

15.70
3.42
3.34
4.58

15.82
3.37
3.38
4.63

" 15. 81
"3.38
"3.38
"4.66

15.93
3.44
3.38
4.65




i 837

12. 566 "11,655 '13,320 H3, 475
986
'826 ' 1, 074 i 1,309
204
179
r 160
377
427
'326
236
264
'193
169
204
' 147

25.78
11.03
4.38
1.88
2.25

Nondurable goods stores 9
Apparel group
Food group
_
General merchandise group _

20, 392
i 6, 917
i 4, 233

lumberyards, building materials dealers, and paint, plumbing, and electrical stores.
JRetail inventories have been revised beginning 1946. Revisions for Dec. 1957-Sept. 1960
appear on p. 24 of the Dec. 1961 SURVEY; those for the earlier period are available upon
request.

SUKVEY OF CUEEENT BUSINESS

S-12
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1961

1962

May 1963

1962

Monthly
average

Mar.

Apr.

May

June

July

1963

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Firms with 4 or more stores:
Estimated sales (unadjusted), totalK
Firms with 11 or more stores :
Estimated sales (unadj.), total 9 If

mil. $..

5,127

5,472

5,252

5,236

5,396

5,499

5,041

5,526

5,413

5,622

6,044

7,767

4,901

4,594

r

4, 592

5,471

do

4,378

4,631

4,508

4,464

4,698

4,269

4,670

4,559

4,692

5,056

6,526

4,075

3,826

4,579

do
do
do
do
do
do
do

297
30
120
86
127
95
38

311
29
124
94
137
100
40

273
25
108
82
130
98
41

361
32
138
118
130
98
37

315
29
128
97
132
103
41

299
30
116
95
134
106
38

250
22
100
79
129
105
36

291
23
115
96
131
106
41

318
25
125
105
129
101
39

314
30
124
93
132
103
46

346
35
143
93
137
99
48

546
58
228
142
213
101
49

232
24
93
70
129
91
30

202
18
82
64
128
89
32

283
25
116
87
135
102
39

General merchandise group 9
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

1,354
823
262
1,843
63
83

1,464
896
284
1,920
62
90

1,253
775
241
2,100
54
80

1,398
858
277
1,805
62
87

1,424
883
268
1,908
69
100

1,402
875
271
2,041
71
101

1,262
770
248
1,818
72
96

1,459
870
285
1,960
76
91

1,436
884
271
1,893
67
86

1,519
939
279
1,890
73
92

1,734
1,062
307
2,000
66
92

2,664
1,617
578
2,103
52
126

1,120
689
191
1,897
45
69

1,035
618
204
1,790
42
62

1,337
837
241
2,067
52
77

4,653

4,582

4,591

4,523

4,635

4,670

4,691

4,610

4,743

4,741

4,731

4,732

4,821

311
31
124
95
133
100
41

302
29
119
92
138
100
39

311
30
122
93
134
102
40

291
28
117
86
136
102
37

314
30
125
92
134
99
40

330
32
127
98
135
99
40

313
30
129
93
135
99
41

305
29
121
95
136
100
41

320
29
130
97
142
102
42

309
28
125
93
142
101
43

315
27
130
95
138
98
38

319
31
131
97
146
101
38

318
31
132
97
139
104
40

1,511
941
288
1,903
64
91

1,414
852
283
1,921
65
89

1,451
878
287
1,906
61
89

1,420
870
1,899
61
87

1,472
896
287
1,913
64
89

1,487
886
302
1,921
62
86

1,496
916
284
1,936
61
93

1,428
863
288
1,940
61
90

1,523
929
302
1,937
65
94

1,503
962
269
1,965
64
98

1,505
923
280
1,965
61
88

1,510
922
284
1,951
61
86

1,622
1,017
287
1,927
63
91

i 13,053 1 14,299
6,241
5,903
8, 058
7,150
7,441
7,161
6,858
5,892

12, 135
5,609
6, 526
6,562
5,573

12,678
5,864
6,814
6,901
5,777

12, 868
5,948
6,920
7,008
5,860

13,010
6,088
6,922
7,008
6,002

12, 948
6,153
6,795
6,898
6,050

13, 045
6,213
6,832
6,973
6,072

13, 156
6,148
7,008
6,977
6,179

13,390
6,245
7.145
7, 153
6,237

13, 557
6,203
7,354
7,223
6,334

14, 299
6,241
8,058
7,441
6,858

47
15

48
17

50
16

46
17

48
17

48
17

47
16

47
17

46
17

49
17

49
17

48
17

49
17

48
16

48
17

43
42
16

43
40
17

42
42
16

43
41
16

42
41
17

43
40
17

44
39
17

44
39
17

42
41
17

41
42
17

42
41
17

45
39
16

43
38
19

'42
40
'18

42
41
17

109

114

96
117

112
113

110
115

105
111

96
114

104
115

117
117

113
110

141
118

212
117

86
113

85
114

*101
'"119

110

117

'117
116

118
115

117
117

112
118

112
119

117
118

125
118

135
120

135
118

110
117

107
120

112
119

v 120
P 120

12.56
4.28
8.27

13.06
4.52
8.54

12.98
4.52
8.46

12.60
4.54
8.06

13.52
4.76
8.76

13.12
4.69
8.43

12.71
4.47
8.24

13.71
4.78
8.93

12.86
4.50
8.36

14.33
4.97
9.36

13.89
4.62
9.27

13.13
4.26
8.87

12.36
4.25
8.11

' 12. 15
'4.07
'8.08

13.17
4.49
8.68

U3.49 U3.81
6.83
6.68
6.98
6.81

13.68
6.96
6.72

13.61
6.98
6.62

13.59
7.05
6.54

13.71
7.08
6.63

13.70
7.06
6.64

13.76
7.01
6.75

13.85
7.00
6.85

14.13
6.97
7.16

14.15
6.95
7.20

13.81
6.83
6.98

13.88
6.84
7.04

' 13. 83 13.82
6.99
'6.92
6.84
'6.91

187. 11

187. 38

187. 63

187. 84

188. 06

Apparel group 9
Men's and boys' wear stores
Women's apparel, accessory stores
Shoe stores
Drug and proprietary stores
Eating and drinking places
Furniture, homefurnishings stores

Estimated sales (seas adj ), tota!91

do

Men's and boys' wear stores
"yeomen's apparel accessory stores
Shoe stores
Drug and proprietary stores
Eating and drinking places
Furniture homefurnishings stores

do __
do
do
do
do
do

General merchandise group 9
Dept stores excl mail order sales

do
do

Tire battery accessory dealers^

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
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: t
Unadjusted
1957-59=100.Seasonally adjusted
do
Stocks, total U.S., end of month:!

13, 474 r 12, 700
5,892 ' 5, 685
7, 582 r 7, 015
6,842 r 6, 586
6,632 f 6, 114

12, 853
5,772
7,081
6,654
6,199

P 114
v 116

WHOLESALE TRADE f
Sales estimated (unadj.), total
Durable goods establishments
Nondurable goods establishments

bil. $__
do
do

Inventories, estimated (unadj ), total
Durable goods establishments
Nondurable goods establishments
..

do
do
do

EMPLOYMENT AND POPULATION
POPULATION
Population, U.S. (incl. Alaska and Hawaii):
Total, incl. armed forces overseas§

mil._ 2183.74 2186.59

EMPLOYMENT ©
Noninstitutional population, est. number 14 years
of age and over, total, unadj
mil__ 127. 85
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

185. 71

185. 94

186. 15

186. 37

186.59

186. 85

188. 45

188. 64

130. 08

129. 47

129. 59

129. 75

129. 93

130.18

130. 36

130. 55

130. 73

130. 91

131. 10

131. 25

131. 41

131. 59

131.74

74,175
71, 603
66, 796
5,463
61,333

74, 681
71, 854
67, 846
5,190
62, 657

73, 582 373,654
70, 697 70, 769
66, 316 3 66, 824
4,782
4,961
61, 533 61, 863

74, 797
71, 922
68, 203
5,428
62, 775

76, 857
74, 001
69, 539
6,290
63, 249

76, 437 76, 554
73, 582 73, 695
69, 564 69, 762
6,064
5,770
63, 50 0 63, 993

74, 914
72, 179
68, 668
5,564
63, 103

74, 923
72, 187
68, 893
5,475
63, 418

74, 532
71, 782
67, 981
4, 883
63, 098

74, 142
71,378
67, 561
4,066
63, 495

73, 323
70, 607
65, 935
4,206
61, 730

73. 999
71, 275
66, 358
4,049
62, 309

74, 382
71, 650
67, 148
4^337
62, 812

74, 897
72, 161
68, 097
4,673
63, 424

4,806
1,532
6.7
thous.. 53, 677

4,007
1,119
5.6
55, 400

4,382
1,485
6.2
55, 889

3,719
1,274
5.2
54, 956

4 463
1,033
6.0
53, 072

4,018
921
5.5
53, 746

3,512
906
4.9
55, 631

3,294
865
4.6
55, 808

3,801
'866
53
56, 378

3,817
979
5.3
56, 954

4,672
1,' 153
6.6
57, 930

4, 918
1,303
6.9
57, 414

4, 501
1^386
6.3
57, 208

4, 063
1,' 424
5.6
56, 843

thous._
do
do
_ do
do
do
do

3,946
1,483
5.6
55, 933

Civilian labor force, seas, adj.*
do
71, 803 3 71,585 71. 782
Employed, total
do
67, 860 3 67,591 67, 821
Agricultural employment
do
5,504
5,296
5,269
Nonagricultural employment
do
62, 356 62, 295 62, 552
Unemployed, total
do
3,943
3,994
3,961
Percent of civilian labor force
5.5
5.6
5.5
2
3
'Revised.
» Preliminary.
! End of year.
As of July 1.
See note"©".
f Revised beginning Feb. 1961; revisions for Feb.-Apr. 1961 will be shown later.
9 Includes data not shown separately.
d"Comprises lumber yards, building materials dealers, and paint, plumbing, and electrical stores.
fSee corresponding note on p. S-ll,
§Revisions (1950-61) are available.




188. 26

3,932
934
53
53, 805

71, 673 71, 730 72, 197 72, 254 71,915 71, 827 72,? 084 72, 348 72, 501 72, 698 73, 002
67, 731 67, 833 68, 104 68, 188 68, 076 67, 691 68 , 091 68, 171 68, 086 68^ 636 68, 874
5, 190
5,040
5, 118
5,087
5, 114
5,008
5, 023
4 983
4 843
5 183 4,841
62, 541 62, 715 63,017 63, 074 63, 036 62. 708 Q3, 248 62, 988 63, 245 63, 628 63, 851
3,942
3,897
4,093
4 066
3 839
4 062 4 128
4 136 3,993
4, 177
4,415
5.5
'5.3
5.4
5.7
'5.6
'5.6
'5.8
'5.5
'5.8
' 6.1
'5.7
*New series. Backdataforaccountsreceivableareavailablefrom Bureau of the Census.
Monthlylaborforce data (1949-62) appearin" Employment and Earning?,"BLS (Mar. 1963).
JRevised series. Figures for 1919-62 for department store sales and stocks, total U.S.
(seasonally adjusted) appear on p. 20 of this issue of the SURVEY.
©Beginning Apr. 1962,
not strictly comparable with earlier data; see July 1962 SURVEY.

SURVEY OF CUEEENT BUSINESS

May 1963
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1961

1962

| 1962 v

Monthly
average

S-13

Mar.

Apr.

May

June

July

1963

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.*

EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Employees on payrolls (nonagricultural estab.):f
Total, unadjusted!
thous.. 54, 077

55, 325

54, 056

54, 849

55, 209

55, 777

55, 493

55, 709

56,252

56, 333

56, 214

56, 444

54, 833

16, 551 ' 16, 546 '16,607 16, 711
9,407 * 9, 399 ' 9. 428 9,520
7,144 ' 7, 147 ' 7, 179
7,191

r

54, 780 '55,063

55, 862

Manufacturing establishments
Durable goods Industries
Nondurable goods industries

do
do
do

16, 267
9,042
7,225

16, 750
9,443
7,308

16, 525
9,339
7,186

16, 636
9,422
7, 214

16, 682
9,475
7,207

16, 870
9,547
7,323

16, 782
9,463
7,319

16,931
9,402
7,529

17,127
9, 571
7, 556

17, 028
9,562
7,466

16, 891
9,533
7,358

16, 727
9,473
7,254

Mining, total 9 . _ . _
Metal
Coal mining
Crude petroleum and natural gas

do
do
do
do

666
87
156
309

647
84
144
304

640
86
149
302

647
87
146
302

657
88
145
304

661
89
143
308

648
88
130
310

658
84
142
309

651
80
143
307

645
79
144
303

638
79
142
300

628
78
140
301

617
79
140
295

Contract construction. _
__do_
Transportation and public utilities?
do
Railroad transportation
do
Local and interurban passenger transit.-do

2,760
3,923
820
270

2,696
3,925
801
264

2,328
3,880
803
262

2,589
3,904
808
267

2,749
3,924
815
266

2,839
3,965
819
261

2,982
3,948
811
254

3,031
3,963
810
254

2,978
3,959
784
265

2,936
3,959
792
267

2,801
3,934
782
267

2,532
3, 937
787
269

2,349
3,794
760
270

875
197
695
611

910
205
690
607

879
204
685
600

887
205
687
601

893
207
688
602

919
208
692
613

920
193
698
618

928
199
699
619

942
210
693
612

948
211
688
605

939
209
688
603

925
210
686
602

885
212
683
600

11, 368
3,008
8,361
2,748
7,516
8,828

11,571
3,071
8,500
2,793
7,757
9,185

11,223
3,022
8,201
2,754
7,573
9,133

11,470
3,028
8,442
2,770
7,690
9,143

11, 476
3,034
8,442
2,780
7,769
9,172

11, 582
3,074
8,508
2,808
7,881
9,171

11, 540
3, 091
8,449
2,839
7,884
8,870

11, 558
3.107
8,451
2, 841
7,867
8,860

11,627
3, 105
8,522
2,813
7,856
9,241

11,682
3,113
8,569
2,807
7,870
9,406

11, 842
3,113
8,729
2,808
7,830
9,470

12, 401
3,129
9,272
2,807
7,805
9,607

11, 520 '11, 415 '11,469
3,086 r 3, 078
3,080
8,434 ' 8, 337
8,389
2,810
2,822
2,803
7,782
7,761
7,824
9,546
9,438 ' 9, 510

1
54, 077 i 55, 325
do-_
do - - 16, 267 16, 750
9,443
9,042
do
201
215
do
600
607
do
381
367
do
572
567
do
1,142
1, 166
do

54, 901
16, 682
9,385
210
610
379
562
1,217

55, 260
16, 848
9,490
211
611
382
571
1,223

55, 403
16, 891
9,544
213
609
387
579
1,199

55, 535
16, 923
9, 555
213
611
386
581
1,163

55, 617
16, 908
9,552
217
607
386
581
1,149

55, 536
16, 795
9,461
222
609
385
583
1,141

55,583
16,805
9,486
220
603
380
576
1,134

55, 647
16, 781
9,470
222
602
378
579
1,119

55, 597
16, 695
9,413
221
605
380
572
1,115

55, 580
16, 681
9,418
220
603
380
565
1.121

55, 536 ' 55, 730 ' 55, 953 56, 229
16, 632 '16,665 ' 16, 762 16, 928
9,423 ' 9, 473
9,399
9,591
219
220
'217
216
610
'612
608
613
'378
380
'381
382
' 561 '566
562
579
1,136 ' 1, 150
1,121
1,174

Motor freight trans, and storage
Air transportation
Telephone communication
Electric ga^ and sanitary services
Wholesale and retail trade _ __
Wholesale trade
Retail trade
_
Finance, insurance, and real estate
Services and miscellaneous
Government
Total, seasonally adjustedf
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

'612
80
136
293

622

r 2, 241 ' 2, 316
' 3, 862 ' 3, 867
'761
764
269
268

2,575
3,887

••614
'81
••140
'294

888
'212
683
600

889
212
685
600
11, 733
3,089
8, 644
2,838
7,938
9,558

Fabricated metal products
Machinery
Electrical equipment and supplies

do
do. __
do

1,076
1,401
1,436

1,118
1,459
1,528

1,109
1,437
1,510

1,124
1, 453
1,528

1,135
1,460
1,541

1,131
1,470
1,554

1,132
1,474
1,555

1, 122
1,480
1,541

1,129
1,471
1, 528

1,117
1,482
1,546

1,110
1,481
1,527

1,111
1,468
1, 535

1,104
1, 466
1,533

' 1, 109
1,461
' 1, 534

1,538

1,131
1,476
1,544

Transportation equipment
Instruments and related products
Miscellaneous manufacturing ind

do
do
do

1,522
346
382

1,645
358
393

1,611
355
385

1,637
356
394

1,663
359
399

1,687
359
400

1,688
362
401

1,619
362
397

1,694
358
393

1,674
359
392

1,652
358
392

1,669
359
387

1,662
360
383

' 1, 671 1,683
361
'362
383
'386

1,721
365
390

7,225
1,780
90
880
1,200
590
926
830
203
365
361

7,308
1,772
89
881
1,235
602
933
850
196
389
361

7,297
1,777
90
886
1,227
599
931
842
199
384
362

7,358
1,788
88
889
1,258
602
934
847
199
384
369

7,347
1,776
88
890
1,248
604
935
849
199
392
366

7,368
1,774
87
891
1,257
606
937
853
199
399
365

7, 356
1,777
89
885
1,249
606
937
858
199
396
360

7, 334
1,763
93
879
1,246
606
937
855
198
395
362

7, 319
1,770
96
874
1,243
603
938
853
191
393
358

7,311
1,769
93
871
1,242
603
937
855
191
390
360

7,282
1,763
90
868
1, 231
601
938
855
189
389
358

7, 263
1,773
90
866
1,229
604
914
853
189
389
356

7,233
1,770
87
860
1,220
602
913
853
187
391
350

' 7, 242 ' 7, 289 7,337
1,768 ' 1, 781 1,777
'87
88
88
'858
861
863
' 1, 229 ' 1, 251 1, 271
602
604
604
'911
'915
933
856
862
858
'188
'188
189
'392
'394
397
350
'350
353

659
654
656
666
647
Mining
do
2,716
2,734
2,648
2,760
2,696
Contract construction
do
3, 936
3, 935
3,927
3,923
3,925
Transportation and public utilities
_do
11, 368 11,571 11,460 11,546 11, 596
Wholesale and retail trade
do
2,786
2,776
2,778
2,748
2,793
Finance, Insurance, and real estate.
do
7, 692
7, 675
7,681
7,516
7,757
Services and miscellaneous
_ _
do
9,127
9,073
9,088
8,828
9,185
Government
do
Production workers on mfg. payrolls, un adjusted :f
Total, unadjusted t
thous__ 12, 044 12, 417 12,240 12, 338 12, 372
12,387 12, 541 12, 566
Seasonally adjusted
do
6,613
6,975
6,857
6,930
6,931
Durable goods industries, unad justed _ _ do
7,037
6,903
7,000
Seasonally adjusted
do
94
98
99
96
98
Ordnance and accessories
do
535
544
546
509
527
Lumber and wood products
do
304
314
311
316
313
Furniture and fixtures. _
do
455
435
467
460
454
Stone, clay, and glass products. __
do
914
964
938
991
991
Primary metal industries
do
428
446
474
426
473
Blastfurnaces, steel and rolling mills.do
820
861
843
856
851
Fabricated metal products
do
964
1,026
1,025
1,016
1,014
Machinery
do
963
1,025
1,014
1,035
1,019
Electrical equipment and supplies
do
1,035
1,133
1,122
1,118
1,118
Transportation equipment?
do
492
573
551
557
559
Motor vehicles and equipment
do
379
380
393
382
389
Aircraft and parts
do
222
227
227
228
226
Instruments and related products. _ _ d o
306
317
315
299
308
Miscellaneous mfg. industries
do
5,487
5,431
5,397
5,383
5,407
Nondurable goods industries, unadj
do
5,484
5,529
5, 541
Seasonally adjusted
do
1,178
1,191
1,121
1,086
1,111
Food and kindred products
do
78
79
64
69
66
Tobacco manufactures
do
793
793
797
794
796
Textile mill nroducts
do _
1,098
1,067
1,080
1,106
1,096
Apparel and related products
do
477
470
475
475
471
Paper and allied products
_
do
597
596
596
595
596
Printing, publishing, and allied ind. .do
519
506
525
527
518
Chemicals and allied products
do
126
131
129
127
128
Petroleum refining and related ind do
102
107
104
105
105
Petroleum refining
do
280
301
294
295
298
Rubber and misc. plastic products___do
319
319
313
322
318
Leather and leather products
do
' 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.

652
2,671
3,934
11,621
2,788
7,749
9,197

648
2,738
3,913
11,652
2,792
7,783
9,183

646
2, 731
3, 932
11,627
2,796
7, 805
9,204

641
2,715
3,928
11,612
2,799
7,809
9,274

638
2,716
3,935
11,594
2,813
7,831
9, 339

636
2,696
3,918
11, 600
2,822
7, 846
9,384

625
2, 654
3,921
11, 573
2,821
7, 876
9,429

Nondurable goods industries
do
Food and kindred products
do
Tobacco manufactures
do
Textile mill products
do
Apparel and related products
_ do
Paper and allied products
do
Printing, publishing, and allied ind._do
Chemicals and allied products
do
Petroleum refining and related ind do
Rubber and misc. plastic products do
Leather and leather products
do ._




'625
623
2,651 ' 2, 646
3,836 ' 3, 913
11, 637 ' 11, 679
2,836
2,828
7,917
7, 895
9,434 ' 9, 449

'1,115
r 1, 463

'625
630
' 2, 635
2,719
'3,914
3,918
'11,756 11, 767
' 2, 845 2,847
7,922
' 7, 935
' 9, 481
9,498

12,751 12, 661 12, 518 12, 358 12, 187 '12,173 '12,237 12, 319
12,446 12,416 12, 324 12, 311 12, 257 12, 284 '12,384 12, 518
7,034
6,862 ' 6, 848 ' 6, 881
6 929
7,027
6,967
6,994
Q, 880
6,874 ' 6, 928
6,953
6,933
7,035
6,875
6,853
101
101
99
101
102
97
'98
100
'514
530
567
'514
530
518
547
558
313
319
324
322
323
'313
313
315
446
'428
474
'436
432
465
479
460
915
900
911
'930
946
900
894
898
422
409
394
392
388
399
391
'844
'845
859
865
872
871
853"
848
1,024 ' 1, 030
1,018
1,017
1,021
1,021
1,018
1. 038
1,032 ' 1, 027 1,024
1,053
1,062
1,060
1,042
1,059
1,168
1,133
1,150
1,160
1,159
1,170
1,168 ' 1, 159
'583
596
566
589
581
580
593
'394
392
399
396
389
391
399
229
230
230
230
230
231
230
229
293
342
305
332
338
303
'299
287
5,325 ' 5, 356
5,634
5,352
5,429
5,524
5,717
5,325
5,410 ' 5, 456
5, 431
5, 493
5,483
5,404
5,449
5, 483
1,077 ' 1, 088
1,147
1, 096
1,188
1,330
1,266
1,099
73
84
105
'68
65
76
82
99
'766
788
796
792
'769
779
769
767
1,097
1,113
1, 105
1, 125
1,081 '1,112 ' 1, 125
1,118
'471
480
473
481
485
484
473
474
'576
587
603
606
581
604
588
579
517
' 522
523
520
530
515
515
519
121
117
'118
120
122
120
117
119
'96
96
96
95
96
97
95
'302
306
311
'303
303
309
308
305
302
'313
'310
318
317
310
319
319
T h e r evision £iffects al I series; Dreviousl y publis hed estirnates are not dir 3ctly conaparable
with ihe revise>d data. Unpub] ished re^visions (p rior to S 3pt. 1960) on new basis are in BLS
Bulle tin No. 1312, avai able in rnany pu :>lic libra ries.
9 Includes data fo r industr ies not shown se parately

12, 516
12, 581
7,025
7,035
97
571
317
476
936
420
868
1,034
1, 039
1,137
580
378
228
322
5,491
5,546
1, 176
65
803
1,093
483
597
520
130
104
304
321

12,403
12, 551
6, 925
7,024
99
568
313
476
903
399
852
1,020
1,031
1,121
561
384
226
316
5,478
5,527
1,224
65
786
1,071
476
592
521
130
104
296
316

12, 544
12, 432
6,862
6,925
102
576
323
481
906
398
851
1,015
1,041
1, 008
441
388
229
331
5,682
5,507
1,304
90
798
1,129
484
596
523
128
103
303
327

SURVEY OF CURRENT BUSINESS

S-14
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1961 | 1962 P

Monthly
average

May 19G3

1962
Mar.

Apr.

May

June

July

1963

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.*

EMPLOYMENT AND POPULATION—Continued
I
EMPLOYMENT— Continued
Miscellaneous employment data:
Federal civilian employees (executive branch):
United States
thous
Wash. D.C., metropolitan area
do

9

2 251
220

2 311
230

2,265
223

2,277
224

2,284
225

2,324
235

2,339
237

2. 336
2.36

2.306
231

2,304
231

2.319 i 2, 462
i 236
233

Railroad employees (class I railroads) :
739
Total
. do_ __
Index , seasonally adjusted <?
1957-59 = 100- . 281.5

720
2 79. 5

723
79.6

726
80. 0

735
80.3

738
79.9

730
79.3

730
79.9

704
78.1

712
*79. 9

702
P80.2

704
P80. 6

683
681 i
^74. 0 p 74. 9

106.4
105 2
89.9

107. 6
113.3
89.7

87.6
110.9
88.7

101.2
112. 6
89.7

111.6
113.2
90.3

114.0
115. 1
92.0

124.8
113.2
88.8

128. 5
113.6
92.2

127.0
117.4
92.0

123.9
115.7
90.2

111.9
115.3
87.9

96.9
115.0
87.6

90.3
112. 1
85.7

39.8

40.4

2.4
40.2

2.8
40.9
2.8

40.4
40.8
2 7
41.1
41.3
2.7

40.5
40.6
2.8
41.1
41.1
2.8

40.7
40.5
2.9
41.2
41.0
3.0

40.5
40.5
2.8
40.8
41.0
2.8

40.4
40.2
2.8
40.9
40.9
2.8

40.7
40.5
3.0
41.2
41.0
3.1

40.3
40. 1
2.8
41.0
40.7
2.9

40.4
40 4
2.9
41.0
41.1
3.0

40. 5
40.3
2.9
41.2
41.1
3.1

40.1
40.2
2.5
40.7
40.7
2.6

40.0
40.3

2.3

40.3
40.5
2.6
40.8
41.0
2.7

2.297
233

302
234

2, 305
235

!

686
* 75. 7

INDEXES OF WEEKLY PAYROLLS!
Construction (construction workers) f_1957-59= 100..
Manufacturing (production workers) f
_ do
Mining (production workers)!
do

'83.3
90.3
112.0 ' 113.3
85. 5
84. 1

113. 6

HOURS AND EARNINGS f
Average weekly gross hours per worker on payrolls
of nonagricultural estab., unadjusted:!
All manufacturing estab., unadj.f
hours_.
Seasonally adjusted
do
Average overtime
do
Durable goods industries
do
Seasonally adjusted
do
\verageovertime
do_

2. 5

40.7
41.0
2. 6

r

40. 2
MO. 4 1
2.6 i
40.8 41.0

39. 9
40. 3

41.1
39.3
39. 8
40.9
41.1

40. 7
40. 9
2 5

Ordnance and accessories
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Blast furnaces, steel and rolling mills

do
do_
do
do__
do
do_.

40.8
39.5
39.9
40.7
39.5
38.7

41.3
39.7
40.7
40.9
40.1
38.9

41.6
38.9
40.6
40.2
41.0
40.6

41.7
39.5
40 6
40. 9
40.9
40.4

41.4
40.4
40.4
41.5
39.9
38.3

41.3
40.4
41.0
41.5
40.1
38.0

40.7
40.4
40.3
41. G
39.4
37.4

40.9
40.9
41.3
41.8
39.4
37.8

41.2
40.8
41.6
41.6
40.0
38.6

41.2
40.0
41.5
41.5
39. 5
37.7

41.5
39. 5
40.9
41.1
39.7
38.0

42.0
39. 2
41.2
40.1
40.4
38.9

41.6
39.2
40. 1
39.8
40.4
39. 3

"r • 4 1 . 5
39. 3
40.2
39.9

r

Fabricated metal products
Machinery
Electrical equipment and supplies

do
do
do

40.5
40.9
40.2

41.1
41.7
40.6

40.9
41.9
40.5

41.1
42. 1
40.6

41.3
42.1
40.7

41.7
42.1
40.9

40.9
41.7
40.3

41.3
41.6
40.5

41.5
41.6
41.0

41.3
41.4
40.7

41.1
41.3
40.6

41.2
41.7
40.8

41.0
41.6
40.3

r

40.8
Ml. 7
MO. 1

40.9
41.4
39.8

Transportation equipment 9
Mlotor vehicles and equipment
Aircraft and parts
Instruments and related products. _
Miscellaneous mfg. industries

do _
do
do
do
do

40.5
40.1
41.4
40.7
39.5

42.0
42.6
41.9
40.9
39.7

41.5
41.6
41.9
40.5
40.1

41.8
42 4
41.8
41.0
40.0

42.2
43.1
41.6
40.9
39.9

41.9
42.5
41.6
41.2
39.9

41.9
42 7
41.4
40.8
39.3

41.1
40.9
41.5
41.0
39.7

42. 2
43.1
41.8
40.9
40.1

42.6
43 5
42.2
40.9
39.9

42.9
44 3
42.3
41.2
39.6

43.1
44 5
42.3
41.2
39.7

42.0
42 5
42.0
40.6
39.2

' 41. 6 Ml. 7
'41.9
42.2
Ml. 7
41.4
MO. 8
40.8
' 39. 5 r 39. 6

47.2

' 39.2
' 39 5

39.0

r

41. 1
39. 1

MO. 1
40. 5
' 40. r, 40.7
' 39. o
39.8
40. 8
41. f)
- 40. 3

do

39.3

39.7

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

2.5
40.9
39.0
39.9
35.4
42.5

2.7
41.0
38.5
40.6
36.3
42.6

39.5
39 9
2.6
40.2
37.7
40.8
36.6
42.5

39.6
40 2
2.6
40.5
38.0
40.7
36.5
42.3

39.8
40 1
2.8
41.1
38.4
40.9
36.5
42.4

40.1
40 0
2.9
41.2
38.4
41.1
36.8
42.9

40.0
39 8
2.8
42.0
37.2
40.6
36.6
42.8

39.9
39 4
2.7
41.2
37.8
40.6
37.0
42.9

40.0
39 7
2.9
41.8
41.6
40.2
36.5
43.0

39.5
39 3
2.7
40.9
40.1
40.5
35.9
42.5

39.6
39 4
2 8
41 2
38 9
40 5
36.3
42.5

39.7
39 6
2.7
41.1
40.1
40.5
36.0
42.9

39.2
39 4
2.4
40.5
38.5
39 8
35.5
42.3

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

do
do
do
do
do
do

38.2
41.4
41.2
40.9
40.3
37.4

38.3
41.5
41.6
41.2
41.0
37.7

38.5
41.4
40.7
40.5
40.6
38.0

38.4
41.7
41.3
41.0
41.0
37.1

38.4
41.8
41.6
41.2
41.3
37.2

38.3
41.8
42.0
41.4
42.0
38.3

38.2
41.5
42.3
41.6
40.9
38.5

38. 4
41.4
41.7
40.8
40.9
38.1

38.6
41.5
42.7
42.0
41.2
37.2

38.1
41.4
41.7
40.9
40.9
36.2

38.2
41.4
41.6
41.3
40.9
36.8

38.6
41.7
41.5
41.4
41.2
37.6

37.9
41.3
41.6
41.8
40.7
37.7

' 38. 1

41.2
40.5
MO. 7
40.6
'37.4

'38.4
41.3
40.7
40.8
MO. 7
'36.9

do
do _ _

40.6
41.4
35.8
41.8
36.9
35.8
40.3
36.2

41.0
41.5
<*36 9
42.0

40.9
41.8
37.6
41.9

41.0
41.7
37 1
42.0

40.9
42.0
35.0
41.9

41.3
42.0
37.2
41.6

40.9
41.3
42.3

41.6
40.7
36.5
42.3

41.5
41.3
36.3
42.2

41.4
40.9
36 9
42.0

40.9
41.0
36.0
42.2

40.9
40.9
38.2
42.6

41.0
40.9
39.0
41.7

MO. 9
Ml.O
'39.0
41.7

40.4
41.2
36.4
41.6

37.0
35.6
40.6
36.3

36.1
35 0
39.3
35.5

36.7
35 7
39.3
36.2

38.1
36 7
42.2
37.2

37.6
36 1
41.4
36.7

38.4
36 8
42.7
37.4

38.8
37.0
43.5
37.5

38.5
36 7
42.7
37.6

38.2
36 6
42.4
37.3

36.3
35.2
39.6
35.6

34.8
33 4
36.4
35.1

35.4
34.4
38.1
35.2

34.7
33.7
36.9
34.5

36.3
35.3
39.3
35.9

42.5
41.5
40.0
41.0
38.7
40.6
37.9

42.8
41.0
39.3
40.9
38.6
40.5
37.8

42 6
41 2
39.2
40 8
38.5
40.6
37.6

42.8
41. 4
39.4
40.8
38.6
40.6
37.7

43.0
41 9
39.7
40.8
38.9
40.7
38.2

42 4
41 9
40.3
41 1
39.2
40.8
38.5

42.8
42.1
40.2
41.0
39.2
40.7
38.6

42.1
42.1
40.6
41.3
38.8
40.7
38.0

42 0
41 5
40.5
41 1
38.5
40.6
37.6

42.1
41.2
40.9
41.2
38.4
40.6
37.5

42 2
41 5
39.9
41 5
38.9
40.8
38.2

41.6
40.7
39.5
41.1
38.5
40.4
37.6

Ml. 7
Ml.O
'39.8
Ml. 1
38.4
40.3
37.6

41.9
41. 1
39.8
41.0
38.4
40.4
37.6

38.5
38.4

38.4
'38.2

38.5
38.6

Nondurable goods industries, unadj

Nonmanufacturing
establishments:!
Minin°r 9
Metal mining
Crude petroleum and natural °ras

do

Contract construction

do

Heavy construction
Special trade contractors

do
do

'39.4

r 39 g

' 2. 6
MO.
2 ' 40.4
r
36.3 r'37.2
40.0
40 3
36.2
36. 5
' 42. 3 '42. 5
2.5

Transportation and public utilities:
Local and suburban transportation

do

Telephone communication
"Electric gas and sanitary services
Wholesale and retail trade
\Vholesale trade
Retail trade §

do
do
do
do
do

42.9
41.6
39.4
40.9
38.8
40.5
38.1

Services and miscellaneous:
Hotels tourist courts
and motels
do
Laundries cleanin°r and dyeing plants do

39.6
38.8

39.1
38.9

39.1
38.6

38 9
39.4

39.3
39.9

39.7
39.5

39 6
39.3

39.9
39.1

38.7
39.1

38 8
39.1

38.7
38.7

38 4
38.7

Average weekly gross earnings per worker on payrolls of nonagricultural establishments:!
All manufacturing establishments!
dollars.. 92.34
100. 10
Durable coods industries
do
113.42
Ordnance and accessories
do
77.03
Lumber and wood products.
..do

96.56
105. 11
116.88
78.61

95.91
104. 45
117.31
75.08

96.56
105. 22
118.43
77.82

96.80
105. 22
117.16
79.59

97.27
105. 47
116.88
80.40

96.80
104. 45
115. 18
80.40

95.75
103. 89
115.34
81.80

97.68
105. 88
117.01
82.01

96.72
105. 37
117.01
79.60

97. 36
106. 19
118.69
79.00

98.42
107. 53
120. 96
78.01

97.44
97.20 ' 98. 09
105.82 106. 23 106. 49
120.64 ' 120.35 ' 119.19
76.83 '77.03 ' 76.25

40. 6
39.2
3Q t)

2. 4
40. 1
36. 7
40 0
35 0
42.0

38.1
42.0
41.4
40.2
34.9

97. 76
106. 63
119. 19
77.03

_

.do
do
do

76.21
95.24
114.95

79.37
98.57
119.50

78.76
95.68
123. 41

78.76
98.16
123. 11

78.38
99.60
118. 50

79.95
100. 43
119. 10

78.18
100. 67
116. 62

80. 54
101.57
116.23

81.54
101. 50
118. 80

81.34
100. 85
116.92

80.16
100.28
117.91

81.58
97.84
120. 39

78.79 ' 79. 00 78.01
78.60
97.36
99.23 100. 61
97.11
120. 80 ' 122.21 122. 91 126. 18

Fabricated metal products
Machinery
Electrical equipment and supplies

do
do
do

100. 85
107. 16
94.47

104. 81
112.59
97.44

103. 48
112. 71
96.39

104. 39
113.67
97.44

105. 73
114. 09
97.68

106. 75
114.09
98.16

104. 30
112. 59
96.72

105.32
112.32
97.20

106. 66
112. 74
99.22

105. 73
112. 61
98.49

105. 63
112. 75
98.66

106. 30
114.26
99.96

105. 78 ' 105.26 r 105.67 105. 93
113.98 ' 114.82 r 115.51 114.26
97.93 ' 98. 33 ' 97. 84 97.11

Furniture and
fixtures
Stone, clay, and glass products
Primary metal industries

Transportation equipment 9
do __ 113.81 122. 22 118. 69 119. 97 121. 96
99.80
98.42 100. 04
97.27 100. 21
Instruments and related products
do
75.84
78.21 79.00
78.60
78.80
Miscellaneous mfe. industries
do
r
a
Revised.
» Preliminary.
Average for 11 months.
1
Includes Post Office employees hired for the Christmas
season; there were about 155,000
2
such employees in the United States in Dec. 1962.
Based on unadjusted data.




121. 09 121. 93 119. 19 124. 49 126. 10 128. 27 129. 73 124.74 ' 123.55 ' 123.85 121.95
100. 94 99. 55 100. 04 100. 61 100. 61 101.76 102. 18 100.28 ' 101.59 ' 101.59 100. 69
77.42
79.58 ' 80. 19 ' 80. 39 79.18
78.60
78.60
80.19
78.60
77.03
78.01
d* Effective with Mar. 1962 SURVEY, index is shown on new base period.
!See corresponding note, bottom p. S-13.
9 Includes data for industries not shown
separately.
§Except eating and drinking places.

May 1963

SURVEY OF CURRENT BUSINESS

Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1961 | 1962 v

Monthly
average

S-15
1963

1962
Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

86.24
93.15
73.15
67.26
59.64

Feb.

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
\pparel and related products
do

82.92
89.16
69.03
65. 04
57.70

86.15
92. 25
72.00
68.21
60.62

85. 32
90. 45
72. 01
68. 54
61. 49

85.54
91.13
74.10
68. 38
60.96

86.37
92.48
75.65
69.12
60.59

87.02
92.70
76.03
69.46
61.09

86. 80
93.66
73.28
68.21
60.76

86.18
91.46
68.04
68.21
62.16

86.80
92.80
70.72
67.54
61.32

85.72
91.21
68.17
68. 45
59. 95

86.72
93. 52
72. 35
08. 45
00.02

86.94
94.12
75. 39
68.45
60.12

99. 45
Paper and allied products
_
-do
Printing;, publishing, and allied ind. . do_. . 105. 05
106. 81
Chemicals and allied products
do_
124. 42
Petroleum refining and related ind
do
96.72
Rubber and misc plastic products
do
62.83
Leather and leather products
.do

102. 67
108. 01
109. 98
126. 88
100. 86
64.84

101. 15
107. 42
108.05
123. 32
98. 25
65. 36

101.10
107. 90
108. 84
125. 55
99.63
63.81

101.34
107. 90
109.52
126. 05
101.19
63.98

102. 96
107. 62
111.19
127. 68
104. 58
65.88

103.58
107. 34
110.81
129. 44
101. 84
65.84

103. 82
108. 29
110. 12
126. 35
101. 02
65.53

104. 49
109. 62
110.81
131. 09
101. 76
64.36

103. 28
107. 82
110. 95
127. 19
101. 02
62. 63

103.28
10S. 49
111.37
127. 71
101.84
64.03

Nonmanufacturingestablishments:t
Mining 9
Metal mining
Coal mining
Crude petroleum and natural gas

' 86. 24 ' 87. 07
' 92. 86 ' 93. 73
r 09. 70 ' 72. 91
08.00 ' 68. 51
60. 82
61.69

86.19
93.03
72.67
67.60
59. 45

104. 68
109. 24
112. 17
126. 99
103. 00
65.05

103. 64 '103 21 '104. 13
106. 88 ' 108. 20 '110.21
111.10 110.83 111.10
130. 62 ' 120. 30 ' 129. 02
101. 34 100. 09 ' 101. 34
65.60 ' 65. 08 ' 04. 58

102 48
108. 97
113. 40
131. 65
99.29
61. 42

do
do
do
do

107. 18
113. 44
111.34
105. 75

110.70
117.86
113.99
109. 20

110. 84
118.29
117. 69
108. 52

110.70
118.01
116.12
109. 20

109. 61
119. 28
108.15
108. 52

111. 10
118. 86
115.69
107. 74

110.02
116.88
102.30
110. 83

111.90
116.00
113. 15
109. 56

112. 88
118. 12
113. 62
110. 99

111.78
116. 16
114. 39
109. 20

110.43
110.44
111.24
109. 30

112. 07
116. 57
119. 57
112.04

112. 34 '112.88
116.16 rr 117. 20
121. 29 122. 40
110.51 '110.51

111.10
1 18. 06
113.93
110. 66

do _
do
.do.
do

117.71
108. 83
118.48
123. 08

121. 73
112.50
120. 99
128. 14

118. 05
109. 55
114. 36
123. 90

120. 01
112.10
116. 33
126. 34

123. 44
114.14
124.07
129. 46

121. 45
111.91
122. 13
127. 72

125. 57
115. 92
127.67
131. 65

127. 26
116. 92
130. 50
132.38

128. 21
117.81
129. 38
134. 23

126. 82
117. 12
127. 20
133. 16

120.88
113.34
117.01
127.45

117.97
108. 55
109. 20
127. 41

120. 01 ' 117. 29
111.11 ' 108. 85
113. 54 '108.12
128. 13 125. 24

121. 97
113.07
115.94
129. 00

98.24
108. 16
93.38
112. 48

100. 30
112. 88
98.80
116. 85

99. 30
110. 70
95. 89
115. 34

100. 11
112.06
95. 65
115.46

100. 58
112.61
96.14
115.46

101. 48
114.39
97.06
115. 87

100.49
114.81
99.54
117.14

101.01
115.35
99.29
116.85

100. 20
115. 78
102. 31
118. 94

100. 38
113. 30
102. 06
118. 78

100. 02
113.30
103. 07
119.48

100. 86
114. 54
101. 35
121. 18

99.42
111.52
99.94
119. 00

' 100. 91
'113.98
'101.09
'120.01

100. 98
114.20
100. 09
119.72

72.94
93.56
64.01

75. 08
96.63
66.33

74. 50
95. 18
65. 39

74.31
95. 82
65.42

74.88
96.22
65. 98

75.86
96. 87
66.85

76.44
97.10
67.38

76.44
96.87
67.55

76. 05
98. 09
66.88

75.46
97. 03
66.55

75. 65
97. 44
66. 38

75.47
98.74
00.85

70. 23
97. 30
67.30

' 70. 42
97. 93
00. 93

70. 42
98. 17
00. 93

69.19
89.83

71.80
93.53

71. 62
92. 62

71.62
93.20

71.42
93.25

71.80
93.21

72. 56
94.89

71.80
94.35

71.97
93.76

72.54
94.07

72.72
94. 26

73.30
94.60

74.23
95.41

74. 03
74.23
' 95. 79 95. 77

45.54
49.28

46.53
50.57

46. 53
49. 41

46.29
50.83

46.77
51.87

47.64
51.35

45. 94
50.70

45. 89
50.83

46.05
50.83

47.72
50. 83

47.99
50.70

47.62
51.08

47.36
50.69

' 47. 02 47. 36
' 50. 42 50. 95

2.32
2.25
2.49
2.42

2.39
2.31
2.57
2.48

2.38
2.31
2.56
2. 48

2.39
2.31
2.56
2.48

o 30
2! 31
2.56
2.47

2.39
2.31
2.56
2.47

2.39
2.31
2.56
2.47

2.37
2.29
2.54
2.46

2.40
2.31
2.57
2.48

2.40
2.32
2.57
2.48

2.41
2.33
2.59
2.50

2.43
2.35
2.61
2.52

2.43
2.36
2.60
2.52

2.43
2.30
2.01
2.53

2.44
2. 30
2.01
2.53

2.45
2.37
2. 02
2.54

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

2.78
1.95
1.91
2.34
2.91
3.20

2.83
1.98
1.95
2.41
2.98
3.29

2.82
1.93
1.94
2.38
3.01
3.33

2.84
1.97
1.94
2.40
3.01
3.32

2.83
1.97
1.94
2.40
2.97
3.27

2.83
1.99
1.95
2.42
2.97
3.28

2.83
1.99
1.94
2.42
2.96
3.28

2.82
2.00
1.95
2.43
2.95
3.26

2.84
2.01
1.96
2.44
2.97
3.28

2.84
1.99
1.96
2.43
2.96
3.27

2.86
2.00
1.96
2.44
2.97
3.28

2.88
1.99
1.98
2.44
2.98
3.28

2.90
1.96
1.96
2.44
2.99
3.30

2.90
1.96
1.90
2.44
3.01
3.32

2.90
' 1.95
'1.97
2.45
3.02
3.34

2.90
1.96
1.96
2.46
3.07

Fabricated metal products
_._do
Machinery
do
Electrical equipment 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

2.49
2.62
2.35
2.81
2.87
2.78
2.39
1.92

2.55
2.70
2.40
2.91
2.99
2.87
2.45
1.97

2.53
2.69
2.38
2.86
2.91
2.83
2.43
1.97

2.54
2.70
2.40
2.87
2.94
2.84
2.44
1.97

2.56
2.71
2.40
2.89
2.97
2.84
2.44
1.97

2.56
2.71
2.40
2.89
2.95
2.85
2.45
1.97

2.55
2.70
2.40
2.91
2.98
2.86
2.44
1.96

2.55
2.70
2.40
2.90
2.97
2.87
2.44
1.95

2.57
2.71
2.42
2.95
3.04
2.88
2.46
1.96

2.56
2.72
2.42
2.96
3.04
2.91
2.46
1.97

2.57
2.73
2.43
2.99
3.10
2.91
2.47
1.97

2.58
2.74
2.45
3.01
3.11
2.93
2.48
2.02

2.58
2.74
2.43
2.97
3.05
2.92
2.47
2.03

2.58
'2.70
' 2. 44
2.97
'3.04
'2.92
'2.49
2.03

'2.59
'2.77
'2.44
2.97
3.05
2.92
2.49
2.03

2.59
2.76
2.44
2.96
2.48
2. 02

2.11
2.05
2.18
1.77
1.63
1.63
2.34

2.17
2.10
2.25
1.87
1.68
1.67
2.41

2.16
2.09
2.25
1.91
1.68
1.68
2.38

2.16
2.09
2.25
1.95
1.68
1.67
2.39

2.17
2.09
2.25
1.97
1.69
1.66
2.39

2.17
2.10
2.25
1.98
1.69
1.66
2.40

2.17
2.10
2.23
1.97
1.68
1.06
2.42

2.16
2.09
2.22
1.80
1.68
1.68
2.42

2.17
2.10
2.22
1.70
1.68
1.68
2.43

2.17
2.10
2.23
1.70
1.69
1.67
2.43

2.19
2.11
2.27
1.86
1.69
1.67
2.43

2.19
2.12
2.29
1.88
1.69
1.67
2.44

2.20
2.14
2.30
1.90
1.69
1.68
2.45

2.20
2.13
2.31
' 1.92
1.70
1.68
2.44

2.21
2.14
2.32
1.90
1.70
1.09
2.45

2. 21
2.15
2. 32
1.98
1.69
1. 07
2.44

2.75
2.58
3.02
3.16
2.40
1.68

2.82
2.65
3.05
3.18
2.46
1.72

2.79
2.61
3.03
3.15
2.42
1.72

2.81
2.61
3.04
3.17
2.43
1.72

2.81
2.62
3.03
3.17
2.45
1.72

2.81
2.66
3.04
3.18
2.49
1.72

2.81
2.67
3.06
3.21
2.49
1.71

2.82
2.66
3.03
3.17
2.47
1.72

2.84
2.67
3.07
3.22
2.47
1.73

2. 83
2.68
3.05
3.20
2.47
1.73

2.84
2.69
3.07
3.21
2.49
1.74

2.83
2.69
3.06
3.20
2.50
1.73

2.82
2.69
3.14
3.29
2.49
1.74

'2.84
2.09
'3.12
'3.26
2.48
1.74

'2.87
2.69
'3.17
3.31
'2.49
'1.75

2.80
2.70
3.18

2.64
2.74
3.11
2.53
3.19
3.04
2.94
3.40

2.70
2.84

2.70
2.83
3.13
2.60
3.27
3.14
2.96
3.49

2.68
2.84
3.09
2.59
3.24
3.11
2.94
3.48

2.69
2.83
3.11
2.59
3.23
3.10
2.95
3.48

2.69
2.83

2.' 60
3.29
3.16
2.98
3.53

2.71
2.83
3.13
2.59
3.27
3.13
2.91
3.49

2.62
3.27
3.15
2.99
3.52

2.69
2.85
3.10
2.59
3.28
3.16
3.00
3.53

2.72
2.86
3.13
2.63
3.33
3.21
3.03
3.57

2.70
2.84
3.10
2.60
3.32
3.20
3.00
3.57

2.70
2.84
3.09
2.59
3.33
3.22
2.97
3.58

2.74
2.85
3.13
2.63
3.39
3.25
3.00
3.63

2.74
2.84
3.11
2.65
3.39
3.23
2.98
3.64

'2.76
2.86
3.14
'2.65
'3.38
'3.23
' 2. 93
3.63

2.75
2.88
3.13
2.66
3.36
3.22
2.95
3.61

2.29
2.60
2.37
2.75

2.36
2.72
2.47
2.85

2.32
2.70
2.44
2.82

2.35
2.72
2.44
2.83

2.35
2.72
2.44
2.83

2.36
2.73
2.46
2.84

2.37
2.74
2.47
2.85

2.36
2.74
2.47
2.85

2.38
2.75
2.52
2.88

2.39
2.73
2.52
2.89

2.39
2.75
2.52
2.90

2.39
2.76
2.54
2. 92

2.39
2.74
2.53
2.91

2.42
'2.78
2.54
'2.92

2.41
2.78
2.53
2.92

Contract construction
General building contractors
Heavy construction
Special trade contractors

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
\Vholesale trade
Retail trade§

- -

do
do
do

Finance, insurance, and real estate:
Banking
_
do
Insurance carriers
do
Services and miscellaneous:
Hotels tourist courts, and motels
do
Laundries, cleaning and dyeing plants _ . do
Average hourly gross earnings per worker on payrolls of nonagricultural establishments :f
All manufacturing establishments!
dollars-Excluding overtimed1
do
Durable goods industries 1
do
Excluding overtimed"
do _

Nondurable goods industries
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and related products
Paper and allied products

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:!
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
do

Transportation and public utilities:
Local and suburban transportation
do
Motor freight transportation and storage. do
Telephone communication
do
Electric, gas and sanitary services _ _ do.

r

2.47
1.70

Wholesale and retail trade
do
1.94
1.88
1.95
1.93
1.94
1.96
1.93
1.95
1.95
1.94
1.96
1.97
1.98
'1.99
1.99
Wholesale trade..
_
do
2.31
2.38
2.38
2.35
2.38
2.41
2.37
2.38
2.36
2.42
2.41
2.39
'2.43
2.43
2.40
Retail trade§._
,
do
1.75
1.68
1.75
1.73
1.75
1.76
1.74
1.75
1.75
1.77
1.75
1.79
1.77
1.78
1.78
Services and miscellaneous:
Hotels, tourist courts, and motels. _ do
1.15
1.19
1.19
1.20
1.16
1.15
1.19
1.19
1.19
1.23
1.24
1.24
1.23 ' 1.24
1.23
Laundries, cleaning and dyeing plants, .do
1.27 1 1.30 1.30
1.30 1 1.30
1.28 ! 1.29
1.29
1.30
1.32
1.32
1.30
1.32
1.32
1.31
r
Revised.
» Preliminary.
« Average for 11 naonths.
§Exce Dt eating and dririking
NO rE FO R HEL P-WAN TED A DVER1RISING INDE3t, p. S--16. Ne^v series
places.
fSee corresponding note, bottom p. S-K
9Licludes c ata for i ndustrie 3 not
from National Industr al Conf zrence Board anoI B. K. Davis & Bro. A ivertising Service.
shown separately, d1 Derived by assuming that overtime he urs are \
Thein dex is beised on t ae number of hell)- wan ted ads pub lished in one lead ing news paper in
>aid at th e rate of time
and one-half.
each o f 33 citie 3 located through out the ( ountry, represen ting the ] arger me tropolita n areas.




SURVEY OF CURRENT BUSINESS

S-16
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1961 | 1962
Monthly
average

May 1963

1962
Mar.

Apr.

May

July

June

1963

Aug.

Oct.

Sept.

Nov.

Dec.

Jan.

Feb.

2 992
4 426

3 Oil
4 447
1. 13

3 Oil
4 452

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.0
1957=100-Labor turnover in manufacturing estab.: t
Accession rate total mo rate per 100 employees
Seasonally adjusted*
do
New hires
do
Separation rate, total
do
Seasonally adjusted*
do
Quit
- do
Industrial disputes (strikes and lockouts) :
Beginning in month:
Work stoppages
__
number-Workers involved . __
thous_.
In effect during month:

2.827
4.190
1.99
2.675
12.14

2.944
4.346
11.01

85.9

100.1

4.1

4.0

2.2
4.0

2.5
4.1

1.2
2.2
281
121

2 981
4 408

2 729

2 786

97.9

97.0

92.8

96.8

95.9

95.2

16

45
4 1
29
4.4
4 6
1.4
2 2

51
4 0
32
5.2
4 8
2.1
2 3

4 9
38
31
5.0
4 1
2.4
19

3.9
4 0
2.5
4.3
38
1.5
2 2

30
36
18
4 0
39
1.1
2 3

2.4
35
1.2
3.8
39
.8
2 5

440
195

410
155

350
90

335
120

350
95

275
110

215
80

625
240
2,650

650
300
2,880

575
189
2,040

570
186
1,950

580
170
1,590

500
168
1,440

580

642

652

643

2 933
4.316

2 941
4 321

2 665

2 719

106.3

106.1

106.0

98.5

1.4
2.0

3.7
4.3
2.2
3.6
38
1. 2
1 6

4.0
4 4
2.4
3.6
37
1.3
16

4.3
4 3
2.8
3.8
4 1
1.5
16

5.0
39
3.4
3.8
4 3

*>296
* 104

260
98

320
125

350
136
1,180

460
155
1,240

511

577

2.678

12.31

Workers involved
thous
1,360 * 1, 600
Man-days idle during month.
do
EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
492
560
Nonfarm placements
thous
Unemployment insurance programs:
2 2, 481 2 1, 924
Insured unemployment all programs
do
State programs:
1,309
1, 516
1,783
2,290
Insured unemployment, weekly avg___do
Percent of covered employment:^
5. 6
4.4
Unadjusted _ _ _ _ _
Seasonally adjusted
1,525
Beneficiaries, weekly average
thous__ 2,004
223.0
Benefits paid
_
mil. $__ 285.2
Federal employees, insured unemployment
29
33
thous_
Veterans' program (UCX):
Initial claims
_ _ d o ..
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 ggl
4 395

2 901
4.283
1.07
2.688
2.25

2 897
4.283

J

2,374 2 1, 968

1,171
2,218

1,147
1,831

1.5

605

656
2

1, 686

2 957
4 356
1.06
2 746
2.33

2

1,577

1,133
1,570

2

1, 666 2 1, 598

2

2 987
4.417
.95

1 395
1,543

1,197
1,469

956
1,331

3 014
4 454

3 016
4 454
1 11

2.29

2.39

1, 473 2 1, 524

1,083
1,469

2 992
4.423

2

97.5 P 100. 5

"98.5

36
39
19
3.9
39
1.1
2 2

>-3.
3
T
3 9
1.8
3.2
37
1.0
16

^3 4
?3 9
*>2 0
p3. 4
v36
Pl.2
p16

105
50

230
75

200
60

225
45

430
125
1,000

265
150
1,400

360
185
2,340

320
120
1,100

350
90
1,110

533

434

459

423

496

1,772 '22,220 r 2 2,777

1,267
1,385

1 353
1,625

1,747
2,063

r

2 2,725 2 2, 461

1 308
2,546

2 102
2, 591

1 127
2,298

5.5

4.5

3.9

3.6

6.3

6.2

5.6

1,311
188.9

1,174
160.6

1,132
176.6

4.0
4.8
1,296
193.6

5.1

1,389
215.0

3.6
4. 4
1,257
197.4

3.4

1,688
239.6

3.8
4. 3
1,264
187.0

3.3

2,073
310.2

1,502
214.2

2,174
342.4

2,256
313.3

2,165
316.4

34

29

26

24

26

26

25

27

29

31

37

38

35

28
67
65
9.0

28
50
47
6.6

26
49
47
6.5

25
45
45
6.0

22
40
39
5.7

25
40
39
5.4

30
46
40
5.7

39
52
46
6.9

27
52
50
6.5

31
52
47
7.0

29
57
51
7.3

31
65
56
7.7

39
77
73
11.1

27
77
77
10.0

25
71
72
9.9

23
91
16.8

17
62
11.1

5
74
14.8

4
64
11.8

4
52
9.1

7
44
7.8

65
52
7.3

22
50
10.1

32
65
10.1

16
60
11.1

16
61
10.4

12
'61
10.4

19
73
13.7

7
64
10.9

57

2,306
6, 170
2,002

2,277
r 6, 576
2,119
r
4, 457

2,593
6, 790
2,091
4, 699

2,565
6, 996
2,193
r
4, 803

2,589
7,076
2,260
4,816

FINANCE
BANKING
Open market paper outstanding, end of mo.:
Bankers' acceptances
mil. $
Commercial and finance co. paper, totalt do
Placed through dealersj
_
do
Placed directly (finance paper) t
do
Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adm. :
Total, end of mo __ _ _
mil. $__
Farm mortgage loans :
Federal land banks
do
Loans to cooperatives
do
Other loans and discounts
do
Bank debits:
Unadjusted:
Total (344 centers)
bil. $
New York City
-do
6 other leading centersl
do
Seasonally adjusted:*
Total (344 centers)
do
New York City
do
6 other leading centers!
do
337 other centers
do

2,392
* 2, 683 3 2, 650
2,498
2,345
3 4, 686 3-6, 000 4 '5, 715 r 5. 641 r 5, 919
1,883
31,711 3 2, 088
1,876
1,869
32,975 3r3, 912 * r3, 839 «- 3, 758 ' 4, 050

3 5, 277

3

r 4, 168

r
r

2,281
6, 577
2,228
4, 349

r
r

2,367
2,650
2,476
6, 986 ' 7, 091 r 6, 000
2,417 r 2,501 2,088
4, 590 '3,912
4, 569

r
r

r

5, 753

5,502

5,594

5,678

5,770

5,841

5,833

5,814

5,762

5,719

5,753

5,835

5,926

6,024

2,899
728
1,875

2 922
719
1,953

2,948
694
2,037

2,968
692
2,109

2,986
704
2,150

3,003
680
2,150

3,021
690
2,103

3,031
738
1,993

3,037
746
1,936

3,052
735
1,966

3,069
777
1,989

3,089

3,118

2,062

761

745

2,146

2,251

293.2
124.7
59.7

281.5
117.2
58.0

295.4
122.1
59.8

291.8
121.9
59.4

279.7
111.4
57.5

281.0
110.8
57.5

263. 3
109.7
53.4

307. 4
127. 5
62.8

288.2
116.5
59.4

320.9
141.6
63.7

325.9
137.2
66.3

274.5
116.6
55.2

* 306. 7
133.0
62.5

308.0
126. 9
64.2

283.5
118.1
57.5
107.9

288.5
118.1
59.1
111.3

287.0
119.1
57.6
110.3

282.4
115.7
57.9
108.8

285.7
114.4
59.0
112.2

283.9
115.8
57.4
110.7

286.6
120.9
58.1
107.6

297.9
124.5
61.0
112.4

296.4
122.2
61.1
113.1

306.4
134.2
60.9
111.3

307.1
128.1
62.8
116.3

301.5
127.7
61.2
112.7

303.2
128.9
61.6
'112.9

308 4
125 0
63 9
199.6

51, 932

259. 3
106.6
51.9

286.4
118.0
58.5

775

6,143
3,147

52,739

52, 654

53, 396

52, 908

52, 879

53, 596

53, 912

53, 940

56,020

53, 872

54,614

53,935

54, 612

30, 224 30,641
115
120
29,061 29,182
16, 336 16, 222

30, 705
131
29, 622
16, 158

31,261
76
29, 663
16,158

31,040
73
29, 786
15,871

31,618
101
30, 358
15, 817

31, 690
48
29, 825
15, 796

31, 625
219
30, 201
15, 692

32, 448
71
30, 454
15, 706

33, 902
38
30, 820
15, 696

31, 959
87
30, 289
15, 660

32, 608
209
30, 586
15,595

32, 585
201
30, 963
15, 606

32, 825
153
31, 182
15, 595

do_

3 54, 329 3 56,020

51, 932

52, 739

52, 654

53, 396

52, 908

52, 879

53, 596

53, 912

53, 940

56, 020

53, 872

54, 614

53, 935

54, 612

do__
do
do

318,451 3 18, 722
317,387 317,454
329,305 330,643

17, 952
16, 972
28, 474

18,207
17,035
28, 537

17, 739
16,614
28, 744

18, 445
17,206
29, 021

17, 878
16. 885
29, 197

1 8, 067
17,110
29, 351

18, 268
17, 321
29, 378

17, 825
16, 821
29, 488

17, 741
16, 648
30, 092

18. 722
17, 454
30, 643

17, 989
16, 644
29, 846

18, 205
16, 850
29.. 868

18, 046
16, 748
29, 934

18, 222
16, 904
30, 010

Ratio of gold certificate reserves to deposit and
35.2
34.7
34.8
FR note liabilities combined
percent.. 334.8 331.8
«•2 Revised.
» Preliminary.
i Quarterly average.
Excludes persons under Temporary Extended Compensation program (ended 6/30/62)
and under extended duration provisions (thous.): 1962—Mar., 322 and 6, respectively; Apr.,
230; 18; May, 121; 33; June, 53, 37; July, 2; 32; Aug. (ext.
dur. prov.), 30;
Sept., 24; Oct., 15;
3
4
Nov., 8; Dec., 3; 1963—Jan., 1; Feb., 2; Mar., 4.
End of year.
Revisions, Jan. and
Feb. 1962; Total—5,558; 5,522; placed directly—3,796; 3,760.
0 See note, bottom p. S-15.
f See corresponding note, bottom p. S-13.
§Wages as of May 1,1963: Common labor, $3.060; skilled labor, $4.480.




r

331,362 333,902
338
3130
328,881 330,820
316,615 315,696

Reserve bank credit outstanding, total 9 -do
Discounts and advances
__do
U.S. Government securities
__do
Gold certificate reserves
do

Deposlts, total 9 _
_ __
__
Member-bank reserve balances
Federal Reserve notes in circulation

r

2,342
5, 865
1,878
3, 987

s 2, 828 3 3, 052
3697
3735
3 1,752 3 1, 966

Federal Reserve banks, condition, end of mo.:
Assets, total 9
mil. $_. 354,329 356,020

Liabilities, total 9

r

33.4
32.8
34.0
33.7
33.2
33.2
31.8
32.4
32.3
32.7
32.5
*New series. Data prior to 1961 for labor turnover appear in BLS Bulletin No. 1312;
data prior to 1961 for bank debits will be shown later.
cFInsured unemployment as % of average covered employment in a 12-month period.
f Monthly revisions prior to May 1961 (Aug. 1959-July 1960 for placed through dealers)
are available upon request.
llncludes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
9 Includes data not shown separately.

SURVEY OF CURRENT BUSINESS

May 1963

Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1961

1962

End of year

S-17

1962
Mar.

Apr.

May

June

July

1963
Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

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
Weekly reporting member banks of Fed. Res. System,
condition, Wed. nearest end of y r - or mo.rt
Deposits:
Demand adjustedo71
mil. $ _
Demand total 9
do __
Individuals, partnerships, and corp
do
States and political subdivisions
do
U S Government
_
do
Domestic commercial banks
do
Time total?
do
Individuals, partnerships, and corp.:
Other time
Loans (adjusted) totaled
Commercial and industrial
__ _
For purchasing or carrying securities
To nor bank financial institutions _
Real estate loans
Other loans
Investments total
U S Government obligations, total
Notes and bonds
Other securities

do
do
do
do
do.. _
do
do
do
__do
do
do

1568
i 149
1419

1572
1304
1268

473
91
382

510
69
441

503
63
440

491
100
391

529
89
440

566
127
439

455
80
375

484
65
419

592
119
473

572
304
268

483
99
384

472
172
300

65, 644 65, 843
97, 958 102, 109
70,118 71, 531
5,002
5,125
4,033
4,749
13, 415 14, 321
41, 603 50, 386

62, 229
89, 015
63, 936
4,848
4,277
10, 844
45,055

63, 071
93, 061
65, 458
5,771
4,744
11,297
45, 670

61, 621
89, 297
63, 705
5,404
5, 028
10, 357
46, 484

61,472
91,391
64, 022
4,829
6,594
10, 672
47, 077

62, 451
91, 527
65, 116
5, 129
4, 369
11,301
47, 242

60, 638
87, 901
62, 583
4,622
4,917
10, 920
47, 729

60,744
92,845
64,085
4,631
7,022
12,121
48,225

63, 025
94, 512
66, 996
5,017
4,283
12, 030
48, 658

63, 007
91, 839
65, 916
4,938
3,634
12, 030
49, 023

65, 843
02, 109
71, 531
5, 125
4,749
14, 321
50, 386

64, 495
90, 720
66, 791
5,054
2,760
11,010
51, 302

30, 225 34, 920
5,945
9,221
74, 285 82,947
32, 797 35, 351
4,705
5,928
6,159 7,365
13, 403 15, 519
21,194 22, 812
46, 069 48, 147
33, 960 32, 369
26, 609 24, 514
12, 109 15, 778

31, 634
7,614
74, 030
33,014
4,519
5,624
13, 620
20, 783
45, 508
32, 214
25, 226
13, 294

31, 776
7,860
75, 930
32, 937
5,449
5,760
13, 874
21, 422
45, 979
32, 069
25, 825
13, 910

32 116
8,322
74, 647
32, 854
4,109
5, 636
14, 068
21,390
46, 013
32, 256
26,173
13, 757

32, 539
8,511
75, 902
33,354
3,958
6,039
14,268
21, 543
46, 904
32,418
26, 206
14, 486

33, 114
8,251
75, 732
33, 146
3,674
6, 259
14.525
21, 754
46, 582
31, 638
25, 980
14, 944

33, 404
8,428
75, 975
33, 442
3,604
6,104
14, 696
21, 894
46, 093
31, 075
25, 274
15, 018

33 921
8,566
77,726
34,081
4,145
6,279
14,940
21,823
47, 171
31, 995
25 583
15, 176

34, 246
8,688
78, 765
34, 290
4, 764
6,144
15, 203
21, 981
46, 768
31, 432
25,317
15, 336

34, 459
8,590
78, 861
34, 680
4,154
6,085
15,399
21,793
46, 611
31, 124
24, 994
15, 487

34, 920
9,221
82, 947
35, 351
5,928
7,365
15, 519
22, 812
48, 147
32, 369
24, 514
15, 778

215.0
124.5
64.6
25.9

216.4
124.8
65.5
26.1

220.3
126.6
66.6
27.1

217.8
126.1
64.1
27.6

222.0
129.7
64.3
28.0

224.4
131.7
64.1
28.6

225. 8
132.3
64.4
29.1

227.6
134.8
63.8
29.0

r

426
155
271

428
121
307

62, 654
91,562
65, 834
5,329
4,254
11,078
52, 150

61 811
90 700
65, 005
4 772
3,684
12 072
53, 418

63 699
95,172
67, 004
5 993
4,957
11,414
53, 751

35 143
9,542
79, 457
34, 295
4,550
6,434
15, 626
22, 361
47, 934
31, 986
24, 423
15, 948

35 426
9,928
80, 672
34, 564
5,332
6, 511
15, 768
22,614
47, 672
31,446
24, 092
16, 226

35 956
10, 447
81 130
35,256
r
4, 677
r
6, 637
15 944
22, 467
47 685
30 857
24 383
16 828

35 822
10, 679
82 961
35, 322
5,644
6,705
16 237
23,115
47 929
30 689
24 311
17 240

228 8
134.9
64 3
29.6

232 2
137.0
65 1
30.1

234
138
66
30

232
137
64
31

r

Commercial bank credit (last Wed. of mo., except
for June 30 and Dec. 31 call dates) , seas, adjusted:*
Total loans and in vestments O
bil $
Loans O
-- do
U S Government securities
do
Other securities
- do

209.6
121.1
64.7
23.8

227.6
134.8
63.8
29.0

215. 2
123. 8
66.1
25.3

Money and interest rates :§
Bank rates on business loans:
In 19 cities
. percent
New York City
do
7 other northern and eastern cities
do
11 southern and western cities
do

24.97
24.76
24.98
25.28

25.00
24.78
25.01
25.32

4.98
4.78
4.97
5.28

Discount rate, end of year or month (N.Y.F.R.
Bank)
percent .
Federal intermediate credit bank loans
do
Federal land bank loans
- - -do

3.00
34.00
35.62

3.00
34.05
35.56

3.00
3.99
5.56

3.00
4.02
5.56

3.00
4.01
5.56

3.00
4.02
5.56

3.00
4.05
5.56

3 00
4.07
5.56

3.00
4.10
5.56

3.00
4.14
5.56

3.00
4.15
5.56

3.00
4.14
5.52

3.00
4.13
5.50

3.00
4.12
5.50

3 00
4.08
5 50

3 00
4.09
4 50

Open market rates, New York City:
Bankers' acceptances (prime, 90 days).__do
Commercial paper (prime. 4-6 months). .do
Finance Co. paper placed directly, 3-6 mo-do
Stock Exchange call loans, going rate
do

32.81
» 2. 97
32.68
34.50

33.01
3. 26
33.07
34.50

3.00
3.25
3.02
4.50

3.00
3.20
3.09
4.50

2.91
3.16
2.95
4.50

2.90
3.25
3.02
4.50

3.07
3.36
3.20
4.50

3.11
3.30
3.12
4.50

3.09
3.34
3.13
4.50

3.03
3.27
3.04
4.50

3.00
3.23
3.08
4.50

3.00
3.29
3.16
4.50

3.07
3.34
3.18
4.50

3.13
3.25
3.13
4.50

3.13
3.34
3.15
4.50

3.13
3.32
3.17
4.50

Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue) — percent.. 3 2. 378 3 2. 778
33.60 33.57
3—5 year issues
do

2. 719
3.55

2.735
3.48

2.694
3.53

2.719
3.51

2.945
3.71

2.837
3 57

2.792
3.56

2.751
3 46

2.803
3.46

2.856
3.44

2.914
3 47

2.916
3 48

2.897
3 50

2.909
3 56

22, 701
620

22, 570
600

22, 659
591

22, 931
581

22, 972
573

23,087
565

23, 376
558

23, 440
552

23, 601
545

23, 917
539

23, 993
531

24, 436
522

515

24 360
499

Savings deposits, balance to credit of depositors:
N Y State savings banks, end of yr. or mo mil. $ . 22, 357
651
U S postal savin ers ^
do
CONSUMER CREDIT*
(Short- and Intermediate- term)
Total outstanding, end of year or month
mil. $__ 57,678

3

23,917
539

220
127
65
28

3
3
0
0

5.01
4.79
5.00
5.33

5.02
4.78
5.05
5.33

4.99
4.77
5.00
5.32

5
4
4
5

9
0
4
5

00
80
98
30

63, 458

56, 275

57, 314

58, 318

59, 108

59, 364

60, 003

60, 126

60, 626

61,473

63, 458

62, 740

62, 219

62, 276

43, 527

48, 243

43, 211

43, 837

44, 495

45, 208

45, 650

46, 204

46, 310

46, 722

47, 274

48, 243

48,130

48, 025

48 190

17, 223
Automobile paper
do
Other consumer eoods paper __ _ ... do_ _. 11,857
3, 191
Repair and modernization loans.
.do
11,256

19, 384
12, 855
3, 290
12, 714

17, 348
11, 407
3,113
11,343

17,671
11,498
3,128
11 540

18 032
11, 598
3,169
11 696

18, 410
11, 726
3,200
11, 872

18, 680
11, 754
3,226
11 990

18 933
11,824
3,260
12 187

18 881
11,861
3,277
12 291

19,083
11,986
3,289
12 364

19,307
12, 186
3,302
12 479

19, 384
12, 855
3,290
12 714

19 426
12, 719
3,250
12 735

19 503
12,511
3,221
12 790

19
12
3
12

By type of holder:
Financial institutions, total
Commercial banks
Sales finance companies
Credit unions
Consumerfinancecompanies ...
Other _ _

37, 935
do _
17, 008
do
11,273
do
4,330
do
3,799
do
do ... 1,525

41, 807
18, 909
12,194
4,973
4,131
1,600

37, 995
17, 062
11,283
4, 333
3, 795
1, 522

38, 497
17 366
11,359
4, 426
3,826
1, 520

39 032
17 686
11,440
4 520
3, 836
1, 550

39,639
18,024
11,570
4,616
3, 876
1,553

40 062
1« 235
11,682
4,681
3,907
1,557

40 537
18 427
11, 796
4 783
3, 948
1, 583

40 597
18 443
11, 787
4 814
3,969
1,584

40, 896
18 613
11,860
4 874
3, 974
1,575

41 285
18 765
11,986
4 928
4,009
1,597

41, 807
18 909
12, 194
4,973
4, 131
1, 600

42 317
18 981
12, 681
4 939
4, 134
1,582

42 280
19 057
12, 550
4 952
4, 13*
1 5«3

49 491
19 203
12, 483
5 007
4 139
1 589

do
do
-do
do
do. .

5, 595
2, 421
1, 058
342
1, 774

6,436
3,013
1, 073
284
2,066

5,216
2 227
998
330
1, 661

5, 340
2 339
991
320
1,690

5 463
2 430
991
310
1, 732

5, 569
2, 522
988
302
1,757

5 588
2 545
989
298
1, 756

5 667
2 609
999
296
1,763

5 713
2 675
998
299
1 741

5 826
2 737
1,002
298
1,789

5 989
2 835
1 019
292
1,843

6 436
3 013
1,073
?84
2,066

5 813
2 478
1, 049
272
2,014

5 745
2 ^06
1 02"
259
1 953

5 769
9 581
1 00°
977
1 909

-do

14, 151

15,215

13, 064

13, 477

13, 823

13,900

13,714

13, 799

13, 816

13,904

14, 199

15,215

14, 610

14, 194

14, 086

do
do
do

5,136
4, 413
723

5, 579
4,704
875

5, 146
4, 391
755

5,241
4, 544
697

5, 400
4,614
786

5, 428
4, 671
757

5,402
4, 662
740

5,469
4, 657
812

5,481
4,666
815

5,442
4,662
780

5, 526
4,680
846

5,579
4,704
875

5,511
4,680
831

5, 545
4,704
^41

5, 593
4,713
880

5,324
948
3 907
469

5, 642
927
4 203
512

4, 074
594
3 025
455

4, 319
620
3 249
450

4, 544
636
3 444
464

4, 596
612
3 505
479

4, 457
569
3 388
500

4,491
570
3 394
527

4,495
614
3 353
528

4, 663
638
3 507
518

4,825
688
3 6°9
508

5,642
927
4 203
512

5,058
775
3 759
5°4

4, 496
646
3 324
526

4,340
587
3 951
50°

3,691
Service credit
_ _do
3,994
3, 844
3,917
3,879
f1 Revised.
2
3
Average for Dec.
Quarterly average.
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).
c"For demand deposits, the term "adjusted" denotes demand deposits other than domestic commercial interbank and U.S. Government, less cash items in process of collection;

for loans,
exclusive of loans to domestic commercial banks and after deduction of valuation
reserves (individual loan items are shown gross; i.e., before deduction of valuation reserves).
http://fraser.stlouisfed.org/

3,876

Installment credit, total

do

Hetail outlets, total
Department stores
Furniture stores
Automobile dealers
Other ._

-

Noninstallment credit, total
Single-payment loans, total
Commercial banks
Other financial institutions
Charge accounts, total
Department stores
Other retail outlets
Credit cards

_

Federal Reserve Bank of St. Louis

__

_-

do
__do _
do
_
do

6
4
0
2

720
396
210
864

3,799
3,855 3,839
3, 994
4,041
3, 840
3.848
4.153
4. 153
9 Includes data not shown separately.
* New series; description and data prior to
Sept. 1961 appear in the July 1962 Federal Reserve Bulletin.
O Adjusted to exclude interbank loans.
§ 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).
J Revised back to 1955 to incorporate
new benchmark data; available revisions for periods not shown here appear in the Dec. 1962
Federal Reserve Bulletin.

SURVEY OF CUKRENT BUSINESS

S-18
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1962

1961 | 1962
Monthly
average

May 100?,

Mar.

Apr.

May

June

1963

July 1 Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

FINANCE—Continued
CONSUMER CREDIT*— Continued
Installment credit extended and repaid:
Unadjusted:
Extended total
\utomobile paper
Other consumer goods paper
\l\ other
Repaid total
Automobile paper
Other consumer goods paper
All other
Adjusted:
Extended total
Automobile paper
All other
Repaid total
Other consumer goods paper
All other

mil. $.- do
do
do_ __
do
do
do _do

4,033
1, 334
1, 215
1,484
3, 975
1, 373
1,187
1,415

4,616
1,626
1,344
1, 646
4,223
1,446
1,261
1,516

do
do
do
do
do
do

4,392
1,616
1,196
1,580
4, 255
1, 459
1,285
1,511

4,737
1, 732
1,319
1,686
4,111
1,409
1,228
1,474

4, 950
1,837
1,383
1,730
4,292
1,476
1,283
1,533

4,923
1,810
1,384
1,729
4,210
1. 432
1. 256
1,522

4,720
1, 751
1,290
1,679
4,278
1,481
1,262
1, 535

4,862
1,731
1, 345
1,786
4,308
1,478
1, 275
1, 555

4,098
1,309
1.255
1, 534
3,992
1,361
1,218
1,413

4,913
1, 816
1,432
1,665
4, 501
1,614
1,307
1, 580

4,932
1,701
1,499
1,732
4,380
1,477
1,299
1,604

5.379
1. 539
1,937
1,903
4,410
1,462
1,268
1,680

4, 368
1,570
1,230
1,568
4,481
1,528
1.366
1, 587

4.033
1,477
1,054
1,502
4.138
1,400
1,262
1, 476

4.675
1,754
1,247
1.674
4.510
1.537
1.362
1.611

4,499
1,582
1,328
1, 589
4,121
1,415
1,231
1, 475

4, 659
1,675
1,345
1,639
4, 166
1, 435
1,247
1,484

4, 650
1,655
1,338
1,657
4,211
1.447
1,260
1.504

4,623
1,621
1,344
1, 658
4.202
1,433
1,260
1,509

4,669
1,631
1,368
1,670
4,283
1,456
1,296
1, 531

4,619
1, 602
1,325
1,692
4,261
1,446
1, 281
1,534

4,491
1, 505
1,308
1,678
4,289
1,440
1,298
1, 551

4,682
1,685
1,335
1,662
4,298
1,491
1,261
1,546

4,961
1,797
1, 425
1,739
4,380
1,490
1.302
1,588

4,829
1,684
1,469
1,676
4, 371
1. 513
1,293
1, 565

4,878
1. 743
1,421
1,714
4,376
1.504
1,294
1,578

4, 885
1,734
1,406
1,745
4.449
1, 517
1,307
1, 625

4,940
1.782
1,408
1. 750
4.540
1.550
1,355
1.635

10, 685
7, 060
8, 263
9,074
2 422 -2,014

10, 850
9,160
1,690

13.077
4, 567
9, 624
9,314
3,453 -4,747

10, 328
10, 577
-249

11,140
4, 150
8,639 10, 149
2,501 -5, 998

9,289
10, 021
-732

9.548
6, 285
9,436
8,830
112 -2, 544

10, 352
8, 776
1, 576

11,548
8.997
2.552

FEDERAL GOVERNMENT FINANCE
Net cash transactions with the public :d**
Receipts from
Payments to
Excess of receipts, or payments (— )
Seasonally adjusted quarterly totals:
eceipu
Excess of receipts, or payments (— )
Budget receipts and expenditures:
Receipts total
Receipts netlf
Customs
Individual income taxes
Corporation income taxes
Employment taxes
Other Internal revenue and receipts
Expenditures total^I
Interest on public debt
Veterans' services and benefits
National defense
All other expenditures
Public debt and guaranteed obligations:
Gross debt (direct), end of mo., total

mil. $
do
do

8,161
8,728
-567

8,852
9,329
-477

r

' 25,300
•• 27,600
'-2,200

_do
8,333
6,513
88
3,933
1, 766
1,039
1,508
7,039
739
445
4,013
1,895

8,983
7,059
103
4,340
1,821
1,108
1,612
7,659
796
442
4, 425
2,052

T
r

* 27,300
' 28,100
— 700

26,500
* 27,000
— 500

27,100
29,200
—2 100

27 400
28, 300
900

12, 354
9, 104
104
3,728
5,879
1,188
1,456
7,749
733
449
4, 597
1,972

8,153
5,754
99
5,348
445
745
1,516
7,289
777
438
4,315
1,766

10, 658
7,024
104
6,243
469
2, 266
1,576
7,229
775
433
4,785
1,241

13, 346
11,615
100
5, 010
5,377
1, 054
1,806
8,102
821
398
5,034
2,061

4,540
3,566
103
1,497
525
450
1,965
7, 252
828
442
3, 954
2,107

9, 445
7,089
107
5,467
431
1,786
1,654
8,541
794
492
4,448
2, 852

11,414
10, 053
102
5,072
3,533
962
1,745
7,327
807
401
4,038
2,081

4,068
3,030
120
1,391
460
551
1, 547
8, 524
814
440
4, 610
2,672

8,533
7.027
114
5,312
412
1,208
1,488
8,070
808
443
4, 558
2,268

9, 553
8,360
94
3. 537
3, 450
652
1,820
7,572
840
445
4. 348
2,138

6, 285
5, 533
80
3,636
517
429
1,623
8,013
858
486
4, 547
2,215

10. 997
7,305
103
6,206
422
2, 590
1, 671
6, 763
S09
445
4, 102
1,432

13, 093
9,663
107
3, 927
6,081
1,428
1,550
7.806
825
405
4.523
2,056

_bil. $._ i 296. 17 1 303. 47 296. 09

296. 95

299. 17

298. 20

297. 88

301.84

299. 50

302. 07

305. 39

303. 47

303. 42

304. 64

302. 99

303. 17

293. 36
251.24
11.47
42.12
3.59

295. 52
251. 23
11.46
44.29
3.66

294. 44
249. 50
11.36
44.94
3.76

293. 92
250. 12
11.58
43.80
3.96

297. 90
252. 48
11.47
45. 43
3.94

295. 57
251.01
11.71
44. 56
3.93

298. 14
254. 26
12.01
43.89
3.92

301. 38
257. 22
13. 59
44.16
4.01

299. 21
255. 78
11.99
43.43
4.26

299. 33
257. 14
12.19
42.19
4.08

300. 57
258. 08
12.40
42.49
4. 07

298. 98
256. 77
12.77
42.20
4.02

299. 19
257. 58

do
do
do
do
do
do
do
do _.
do
do
__do
do

1 299. 21
1255.78
i 11. 99
i 43. 43
14.26

292. 48
249. 68
11. 50
42.81
3.60

Guaranteed obligations not owned by U.S. Treas1
1.52
.33
ury, end of month
. _.bil $
U.S. savings bonds:
i 47. 79 i 47. 87
Amount outstanding, end of month
do
.36
.38
Sales series E and H
do
.47
.47
Redemptions
_ __ _
do

.40

.41

.43

.44

.45

.47

.49

.49

.50

.52

.53

.54

. 55

47.81
.37
.48

47.81
.35
.46

47.81
.35
.46

47 82
.36
.48

47. 86
.36
.45

47.90
.36
.43

47.91
.30
.40

47.87
.36
.51

47.90
.33
.40

47.87
.30
.46

47.97
.53
.56

48.11
.42
.40

48.21
.40
.40

129. 14

130. 00

130. 60

131. 07

131. 74

132. 50

133. 17

134. 01

134. 50

62. 73
6.23
4.06
16. 37
3.61
27.92

63.12
6.41
4.06
16.38
3. 60
28.09

63.37
6.38
4.09
16.40
3.60
28.29

63. 55
6.34
4.10
16.40
3.59
28.46

63.86
6.37
4.08
16. 41
3.58
28.61

64.07
6.40
4.06
16.42
3.57
28.66

63. 88
6.19
4.06
16.51
3.56
28.64

64.44
6.31
4.09
16.54
3.54
28.82

64.66
6.24
4.08
16. 54
3.54
28.98

4.95
2.17
2.70
45. 14
41.86
4.04
5. 98
1.20
5.10

4.99
2.18
2.73
45.34
42.03
4.10
6.04
1.26
5.15

5.02
2.19
2.74
45.58
42.25
4.11
6.08
1.24
5.21

5.07
2.20
2.78
45. 76
42.41
4.11
6.11
1.27
5.20

5.11
2.22
2.81
46.05
42.69
4.12
6.15
1.27
5.17

5.16
2.22
2.85
46.38
43.00
4.13
6.18
1.30
5.28

5.18
2.24
2.86
46. 98
43.58
4.12
6.21
1.41
5.38

2.24
2.91
47 20
43.80
4.15
6.24
1.28
5.44

5 28
2.25
2.94
47 35
43.93
4.17
6.28
1 27
5. 50

749. 6
316. 5
56.3
12.1
68.2
142.7
153.8

733. 4
311. 6
54.5
12.0
70.9
149.0
135.4

739.2
318.8
54.6
12.5
61.7
142.9
148.7

754. 6
300.4
50.5
11.0
75.3
156. 7
160.7

776. 5
316.6
63.4
13.4
66.7
146. 6
169.8

741.8
318.9
60.1
11.5
68.9
133.2
149.2

994.1
358.1
63.3
10.3
62.7
153.0
346.7

844. 7
369.5
71.5
1.3.4
95.2
152. 6
142. 5

759.2
332.2
59.2
11.2
75.5
136.9
144.2

6.708
4,670
1,463
575

6,204
4,510
1,146
548

6,268
4, 500
1,214
554

5,950
4,109
1,269
572

7,005
4,903
1,484
618

6,580
4,912
1,078
590

8, 165
5, 261
2,280
624

5,593
4,057
1, 023
513

6,252
4. 519
1,173
560

i 292. 69
Interest bearing, total
do
i 249. 17
Public issues
do
i 10. 89
Held by U.S. Go vt. in vestment accts. do
Special issues
do. _ i 43. 52
13.48
Noninterest bearing
.
do

41.60
3.98

48. 29
.41
.45

LIFE INSURANCE
Institute of Life Insurance:
Assets, total, all U.S life insurance companies 9
128. 11 128.57 128. 93
bil. $.. 1 126. 82
Bonds (book value), domestic and foreien,
62.06
62.63
62. 38
total
bil $ i 60. 93
i1 6. 13
6.26
6.32
6. 35
U S Government
do
3.89
4.08
4.06
4.05
State county municipal (U S )
do
i
16.
22
16.
29
16.30
16.
32
Public utility ( U S )
do
1
3. 58
3.64
3.62
3. 63
Railroad ( U S )
do
126.91
27.48 27. 67
27. 82
Industrial and miscellaneous (U S )
do
Stocks (book value), domestic and foreign, total
4.89
4.97
4.93
bil. $.. i1 6.26
2. 03
2.14
2. 12
2. 13
Preferred (IT S )
do
1
4.14
2.69
2.74
2.71
Common ( U S )
do
i
44.
20
44.64
44.95
44.75
Mortgage loans total
do
i 41. 03
41.42
41.52
41.68
Nonfarm
do
14.01
3.99
4.01
4.02
Real estate
do
i 5. 73
5.83
5.93
5.88
Policy loans and premium notes.. ._ _ _ do
i 1.39
1.20
1.21
1.22
Cash
do
14.29
5.49
5.41
5.22
Other assets
do
Payments ro policyholders and beneficiaries in
777.1
734.2
830.8
714.1
777. 5
U S , total
mil $
323. 2
298.4
350. 1
300. 4
342. 0
Death benefits
.__
_
do
59.5
59. 6
62.9
57. 6
59.2
Matured endowments
do ._.
11.8
11.1
11.1
11.6
12.8
Disability payments _
do
69.8
64.2
72.0
Annuity payments. _
do
67.7
66.7
147.7
149.4
156.9
Surrender values.
do
141. 5
157.2
165. 0
Policy dividends..
do
151.6
177.8
138.6
136.3
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance) :
6,565
6.586
6,824
6,350
6,750
Value, estimated total 9
mil $
Ordinary 9. __
do
4, 605
4,531
4,839
4,784
4, 629
1.377
1,472
1,364
1,341
Group and wholesale
do
1,110
583
Industrial
___
do
583
621
625
611
r
l
Revised.
*> Preliminary.
End of year; assets of life insurance companies are
annual statement values.
J See similar footnote on p. S-17.
c^Other than borrowing.
*New series (compiled by U.S. Treasury Dept. and Bu. of
the Budget).




7,233
5,147
1,491
595

or net receipts and total expenditures reflect exclusion of certain interfund transactions.
9 Revisions will be shown later as follows: Assets, all life insurance cos., Jan. 1960-July
1961; insurance written (total and ordinary), 1961.

SURVEY OF CURRENT BUSINESS

May 1963

Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1961

1962

Monthly
average

S-19

1962
Mar.

May

Apr.

June

July

1963
Aug.

Sept.

Oct.

Nov.

Dec.

Jan,

Feb.

Mar.

Apr,

FINANCE—Continued
LIFE INSURANCE— Continued
Premiums collected (LIAMA):*
Total life insurance premiums
Ordinary
Group and wholesale
Industrial

mil. $_.
do
do __
do

1.001

735
146
120

1 047

773
155
118

1,091

816
167
108

999
745
147
107

1,029

1.016

1,048

1,034

768
158
108

962
720
139
103

1,076

1,025

1,234

827
176
231

1,142
866
166
110

1,031
774
154
103

1,121
852
166
103

16, 608
-143
52, 845
10, 622

16,495
-82
14,065
2,228

16, 434
-78
31, 032
16, 290

16, 435
-60
14,000
3, 340

16, 147
-310
14,005
2, 039

16, 098
—10
52, 603
1, 883

16, 067
2
63,150
2, 335

15, 978
-19
28, 053
2,130

15, 977
26
6, 936
1,903

15,978
— 20
45, 093
86, 442

15, 92S
89
16, 975
2,976

15, 878
—47
45, 024
2,024

15, 878
48
36
1.842

72, 900
12, 800
3,500

72, 300
12, 400
3,000

74, 000
12. 300
3. 400

75, 200
11,800
3, 100

7(>, 300
11.900
4.000

76, 600
12, 000
4,600

76, 100
11, 700
4,800

78, 100
12, 500
4,300

78, 500
12, 100
3.800

74, 700
11, 700
3,700

78, 000
11, 700
3,600

76, 500
11,000
3,000

79, 400

979
6,653

526

521

964
6,837

476

951

960

5, 827
1.083

1,144
7,897
1. 155

7, 646
1. 206

1,886
5,713
1.192

3,350
5,270
1.199

2,571
4,299
1.244

3,086
5,187
1.256

1,642
7,500
1,271

2, 256
3,241
4,722
34.1

2, 197
3,604
4, 135
34.3

4,186
34 5

776
146
107

758
151
108

775
163
109

797
168
110

769
150
106

MONETARY STATISTICS
Gold and silver:
Gold:
1
Monetary stock, U.S. (end ofyr.ormo.)_mil. $__ 16, 889c 1 15. 978
-66
Net release from earmark |
do
64, 583 31, 747
Exports
thous. $
4,684 12, 578
Imports
do
2 101,200
Production world total
do
66, 900 74. 400
South Africa. __ _
do
13,000 12. 100
Canada
__
do
4,600
3,700
United States
do
Silver:
3,154
1,262
Exports
do
3,786
6,205
Imports
do
.924
1.084
Price at New York
dol. per fine oz._
Production:
2,615
2.556
Canada
thous fine oz
3,362
3,434
Mexico
do
42,908 * 3, 764
United States
do
*33.9 135.3
Currencv in circulation, end of yr. or mo
bil $
Money supply and related data (avg. of daily fig.) :*
Unadjusted for seas, variation:
5 143. 2 5 146. 0
Total money supply
_
bil. $
329.1 530.1
Currencv outside banks
do_ _
5114.0 5115.9
Demand deposits __ _
do
578.5 591.0
Time deposits adjusted!!
do
5
54.8
6.0
U.S. Government deposits
do
Adjusted for seas, variation:
Total money supply
do
Currency outside banks
do
Demand deposits
do
Time deposits adjusted^
do
Turnover of demand deposits except interbank and
U.S. Govt., annual rates, seas, adjusted:
41.5
Total (344 centers)* ratio of debits to deposits.. 38.2
70.0
77.8
New York City
_
do
36.9
41.2
6 other centers d" do
26.2
27.7
337 other reporting centers
do

15. 878

3,200

1 . 023

5, 398
1.035

2 218
3 530
4,362
33 5

2,684
3, 185
3,359
33.8

2,849
2, 984
3,052
33.9

2,408
3,623
2,883
33.9

3, 037
3, 631
5, 157
33.9

2,737
3,435
3,151
34.1

2,601
2,981
3,005
34.8

2.713
3,662
4,545
35 3

146.2
29.8
116.4
88.9
3.8

143.6
29.8
113.8
89 9
7.0

144.0
30.0
113.9
91.1
7.2

144.3
30.3
114. 0
92.2
7.1

143.8
30.3
113. 5
93.0
6.8

145.0
30.3
114.6
93.8
7.2

146.5
30.4
116.1
94.9
7.3

148.2
30.8
117.5
95.4
6.0

151. 6
31.2
120.4
96.6
5.6

151. 8
30. 5
121.3
98.4
4.8

148.3
30.5
117.8
99.9
5.6

147.4
30.7
116.7
101.7
5.9

149. 5
30.9
118.6
102 9
4.2

145.7
29.9
115 8
87.5

146.1
30.0
116 0
88.7

145.7
30 0
115 7
89 6

145.
30
115
90

6
1
4
7

145.7
30.2
115.5
91. 8

145. 1
30 2
114 9
92 5

145. 3
30.2
115 1
93.4

146.1
30.3
115 8
94.6

146.9
30 5
116 4
96 0

147.9
30 6
117 3
97 5

148.7
30 7
118 1
99 1

148.6
30 9
117 7
100 3

148.9
31 1
117 8
101 8

149.4
31 9
118 °
102 6

41.7
78.2
40.9
27.6

42.2
78.4
41.7
28.2

41.9
78.8
40.8
28.0

41.6
77.3
41.3
27.8

42.1
77.3
42.1
28.6

41.9
78.8
41.1
28.3

41.7
82.2
41.8
27.3

43.5
82.9
43.7
28.5

42.9
80.7
43.5
28.5

44.2
88.9
43.4
27.7

43.6
83.7
44.1
28.8

43.6
84.6
42.7
28.3

43.9
85.8
43.1
28.2

44.4
82 2
44.2
29 7

1.015

5,615
1.015

2,533
3,886
4,004
33.0

2, 273
3,473
3,465
33.2

144.2
29.6
114.6
87.4
5.1

5, 203
1. 015
r

3

T

1,273

PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade and SEC):
Net profit after taxes, all industries
mil. $ 8 3, 828 e 4, 432
6331
6342
Food and kindred products. .
_ _ - do .._
870
688
Textile mill products
do
Lumber and wood products (except furniture)
628
641
mil $
6 146
6157
Paper and allied products
do
6 560
8 511
Chemicals and allied products
...
do
5772
6809
Petroleum refining
do
8136
6145
Stone, clav, and glass products
do
e 122
6133
Primary n on ferrous metal
do
6201
6180
Primary iron and steel
.
do
Fabricated metal products (except ordnance,
6 111
6152
machinerv, and transport equip )
mil $
6265
6327
Machinery (except electrical) _
do
6256
6307
E3ec machinery equip , and supplies
do
Transportation equipment (except motor
e 74
6110
vehicles, etc )
mil $
6372
6572
Motor vehicles and equipment
do
6430
6508
All other manufacturing industries
do

4,004
270
74

4,649
344
89

4 236

4, 838

10
143
519
797
58
143
252

55
169
601
699
191
156
192

63
155
551
775
199
104
111

35
161
568
965
133
130
165

118
284
274

187
387
315

168
333
291

134
304
349

98
570
396

120
645
499

106
331
564

118
743
57*?

6 2, 320

2,202

2,123

2 112

2 S44

6513

585

472

488

508

2,958

2,498

1,877

4,075

2,149

2,422

1,663

4,056

1,568

2,150

1,821

2,149

r

2,648
785
273
37

2,352
751
110
36

1,669

3,738
881
216
120

2, 015

2, 253
1,063

1,598

3 974

1 408

2 027

1 768

732
28
24

2 025
l'o72
65
59

T 2 606
T 593

30

r \1

do
do
do
do._._
do
do
do

1,096

897
274
19
237
20
109
155

847
329
16
197
20
21
143

1,217

801
279
37
217
12
65
96

1 232

784
275
8
228
25
4
185

1 197
381
51
280
37
58
265

r 695

r 549
r 228

do
do
do

1,862
1,021

1,600
1,030
1,348
2,858
372
716
352
1,506
695
713
621
897
877
r
2
Revised.
1 End of year.
Estimated; excludes U.S.S.R., other Eastern European
countries, China Mainland, and North Korea. Comparable data not shown in 1961 BUSINESS STATISTICS volume.
3 Effective Aug. 1962 for silver in commercial bar form
(priced K cent higher than on former basis; $4o cent higher effective Nov. 15,1962).
* Based
on refinery production 5 (U.S. Bu. of Mint data); not comparable with data through
1961
7
previously shown.
Average of daily figures.
8 Quarterly average.
Less than
$500,000.

e 2, 138
Dividends paid (cash), all industries
do
Electric utilities, profits after taxes (Federal Re6474
serve)
.
mil. $
Transportation and communications (see pp. S-23
and S-24).

397
86

357
105

SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds, total
By type of security:
Bonds and notes, total
Corporate
_
Common stock
Preferred stock
By type of issuer:
Corporate, total©
..___
Manufacturing.
_
Extractive (mining)
Public utility
Railroad
__
Communication
_ ___ __ _
Financial and real estate
Noncorporate, total©
U.S. Government
State and municipal.




mil. $
do
do
__do
do

343
22
253
15
152
190

638
204
5

463
15
383
7
90
142

667
120
14

124
46

565
32
32

840
58
24

361
23
473
18
80
173

630
250
5
124
9
93
110

922
226
7
()
255
56
123
190

1,190

1,033

3,135
2 408
'559

472
110
51

632
190
21
165
20
69
93

853
74
49

976
167
21
252
Q

262
228

2, 708

r

2, 166

2 830

r 2 072

9 74Q
1 273
74
17

r 54g

r -Jl

142

T

17
'181

99

r 127

'94

'24
'147
14
69
'114

1 363
630
11
161
40
46
291

1,174
1,036
936
953 '2,013 ' 1, 523 1,467
327
300
359
425
295
774
396
646
426
595
547
810
999
989
*New series. Back data for premiums collected and turnover of total demand deposits
are available upon request; those for money supply, etc., are published in the Aug. 1962
Federal Reserve Bulletin (see also Oct. 1960 Bulletin for concepts and methods).
§Or
increase in earmarked gold (—).
1 Time deposits at all commercial
banks other than those
due to domestic commercial banks and the U.S. Govt.
d1 Includes Boston, Philadelphia,
Chicago, Detroit, San Francisco, and Los Angeles.
©Includes data not shown separately.

363
760

358
641

SURVEY OF CURRENT BUSINESS

S-20
Unless otherwise stated, statistics through I960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1963

1962

1961 1 1962

Monthly
average

May 1963

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar .

Apr.

FINANCE—Continued
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 eciuipment
do
Working capital
do
Retirement of securities
do
Other purposes
-- - do .State and municipal issues (Bond Buyer) :
Long-term
- do
Short-term
do

1,073

881

823

1,185

785

1,214

621

907

618

961

776

1,184

'684

'631

1.349

902
628
274
75
96

694
475
219
63
124

709
458
251
16
97

1,033
753
279
72
80

621
435
186
25
139

953
713
240
82
180

504
329
175
39
78

620
382
237
159
129

441
315
126
39
138

727
467
259
126
108

494
263
230
73
209

923
616
306
81
180

'563
'378
'185
' 72
'50

'448
'319
'129
'37
'146

1. 056
755
300
205
88

697
376

713
397

621
351

877
442

897
499

760
375

641
301

559
573

426
172

646
285

595
590

547
351

999
304

'810
'467

989
457

1405
1430
4, 294 i 4, 149
11,219 11,216
i 3, 003 i 2, 820

426
4,117
1,154
2, 963

419
4,115
1,110
3.072

426
4,034
1,205
2,889

437
3,637
1,374
2,239

415
3,592
1, 252
2,124

388
3,796
1,130
2,506

380
3,914
1,091
2,738

397
3,889
1,126
2,625

385
3,975
1,151
2,586

405
4,149
1,216
2.820

414
4,236
1,199
2,927

422
4,355
1,191
' 3, 094

399
4, 358
1.175
3.192

765
787

SECURITY MARKETS
Brokers' Balances (N.Y.S.E. Members Carrying
Margin Accounts)
Customers' debit balances (net)

do

M^oney borrowed

-- -

do

1

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 (19 bonds) d"--_dol. per $100 bond-Domestic municipal (15 bonds)
do
U S Treasury bonds taxable f
do
Sales:
Total, excl. U.S. Government bonds (SEC) :
All registered exchanges:
Market value
mil. $-Face value
do
New York Stock Exchange:
Market value
do Face value
do
New York Stock Exchange, exclusive of stopped
sales face value, total §
mil. $._
Foreign
do
Value, issues fisted on N.Y.S.E., end of month :
Domestic
Foreign

- -

Face value total all issues §
Domestic
Foreign
Yields:
Domestic corporate (Moody's)
By ratings:
Aaa
Aa
A
Baa
By groups:

92.98
93.12
83.22

93.81
93.91
85.70

93.89
93.99
85.80

94.40
94.50
86.04

93.80
93.91
84.68

93.02
93.13
84.82

92.97
93.08
84.61

93.76
93.87
85.88

94.16
94.27
85.94

94.57
94.68
86.27

95. 03
95.13
87.18

94.97
95.05
87.76

95.2
107.8
87.55

96.2
112.1
86.94

95.3
111.9
86.21

96.0
113.7
87.69

96.6
113. 5
87.87

96.3
111.2
87.61

95.9
110.2
86.07

95.7
110.1
86.64

96.3
112.1
87.02

97.3
114.4
87.73

97.4
114.5
87.96

97.3
113.0
87.96

97.6
113.0
87.81

97.8
112.1
87.33

97.8
113.3
87.15

168. 56
162. 82

144. 14
148. 83

143.42
144. 94

134. 82
135. 58

188. 43
184. 91

246. 49
249. 77

151.86
156. 85

117. 84
125. 30

91.01
94.62

112. 30
136. 16

128. 56
135. 57

127. 49
132. 09

128. 43
132. 21

111.87
126. 08

99. 58
107. 26

163. 70
159.05

138. 80
143. 27

138. 15
139. 49

129. 99
130. 81

183. 01
179. 28

238. 82
241. 24

148.25
152. 98

112.35
119. 58

86.01
90.10

105. 49
128. 67

122. 72
129. 41

122. 99
126. 99

123. 26
126. 26

107. 89
121. 64

95.66
102. 80

136. 34 121. 21
130. 51 113.42
7.79
5.83

113. 54
104. 74
8.80

117. 18
111.74
5.44

183. 17
174. 76
8.42

184.88
176. 26
8.62

116. 51
108. 52
7.97

95. 86
88.71
7.16

81. 52
75.06
6.46

100. 62
89.22
11.39

118. 29
110. 60
7.70

108. 57
99.67
8.90

117.64

107. 97

91.35

108. 34
do..-- 105. 50
1.58
do

108. 51
105. 43
1.73

107. 40
104. 42
1.63

109. 44
106. 40
1.68

106. 74
103. 70
1.67

105. 51
102. 42
1.74

105. 47
102. 37
1.76

108. 52
105. 36
1-80

111.37
108. 22
1.79

111.69
108. 52
1.80

113.07
109. 85
1.84

111.09
107. 80
1.85

116.51
113. 30
1.90

115. 65
112.25
2.02

114. 39
111. 10
1.90

115.93
112. 59
1.95

113. 79
110. 42
1.98

113. 42
109. 97
2.06

113. 45
109. 98
2.08

115. 74
112. 25
2.10

118.28
114.80
2.09

118. 10
114. 62
2.09

118. 99
115. 48
2.11

116.98
113.41
2.11

do
do
do

97.4
113.1
86.63

124. 31

percent-.

4.66

4.62

4.67

4.63

4.58

4.59

4.63

4.64

4.61

4.57

4.55

4.52

4.49

4.48

4.46

4.47

do __
do
do
do

4.35
4.48
4.70
5.08

4.32
4.47
4.65
5.02

4.39
4.53
4.71
5.04

4.33
4.49
4.66
5.02

4.28
4.43
4.62
5.00

4.28
4.44
4.62
5.02

4.34
4.49
4.65
5.05

4.35
4.49
4.66
5.06

4.32
4.46
4.62
5.03

4.28
4.41
4.61
4.99

4.25
4.40
4.59
4.96

4.24
4.38
4.54
4.92

4.21
4.37
4.48
4.91

4.19
4.36
4.46
4.89

4.19
4.32
4.45
4. 88

4.20
4.33
4.46
4.87

Public utility
Railroad
Domestic municipal:
Bond Buyer (20 bonds)
Standard & Poor's Corp. (15 bonds)
U.S. Treasury bonds, taxable©

4 54
do
do

4.57
4.86

4.47
4.51
4.86

4.52
4.60
4.88

4.46
4.56
4.86

4.42
4.50
4.83

4.45
4.47
4.86

4.52
4.48
4.90

4.51
4.50
4.90

4.45
4.49
4.88

4.40
4.46
4.85

4.39
4.42
4.83

4.40
4.41
4.76

4.38
4.38
4.72

4.37
4.37
4.69

4.38
4.37
4.63

4.38
4.38
4.64

do
do
do

3.46
3.46
3.90

3.14
3.18
3.95

3.12
3.19
4.01

3.00
3.08
3.89

3.24
3.09
3.88

3.24
3.24
3.90

3.33
3.30
4.02

3.14
3.31
3.97

3.06
3.18
3.94

3.01
3.03
3.89

3.10
3.03
3.87

3.05
3.12
3.87

3.18
3.12
3.88

3.12
3.18
3.92

3.06
3.11
3.93

3.11
3.11
3.97

2 14, 154 2 15, 076

Stocks
Cash dividend payments publicly reported:
Total dividend payments
mil. $
Manufacturing
Mining
Public utilities:
Communications
Electric and gas__
Railroads
Trade
Miscellaneous

_
___
-

__ _

2,074.4

987.8

384. 0 2, 086. 2

994.8

395. 4 2, 137. 9

1,025.3

412.1 2, 968. 2 1,098.9

520.1 2, 164. 1 1,038.5

do
do

2 2, 160
2 7, 346
2544

2 2, 360
183. 8
27,823 1, 331. 4
2 549
109. 0

188.9
340. 9
11.1

167.6
91.9
131.4 1,354.5
108.5
5.2

197.4
338. 6
10.5

229. 4
93.2
135.5 1, 352. 3
105. 5
3.0

194.5
361. 8
11.4

389.2
104.6
140.2 1, 906. 3
2.8
168.3

275.3
316.9
14.6

181.8
197.0
139.9 1. 388. 1
2.6
112.4

203. 3
353. 3
13.9

do
do_._
do...
do._do

2 1, 283
21,692
2356
2578
2195

21,411

2 1, 773
2353
2606
2201

113.2
197.3
56. 7
53.3
29.7

235. 3
123. 3
20.5
57.9
9.9

3.3
116.8
5.5
23.0
6.9

113.0
199. 1
56. 6
59. 3
27.6

235. 7
123.8
16.9
59.8
12.1

2.9
118.6
8.7
23.5
10.0

112.8
201.3
50.7
58.4
27.5

236.4
124.8
19.7
62.4
14.3

3.3
124.9
5.7
21.6
9.0

117.4
207.8
77.1
66.2
35.9

236.2
126.7
31.6
79.6
18.0

\Q
49.9
9.6

117.7
208. 3
55. 5
54.6
30.5

239. 6
131.0
20. 2
60.2
17.0

5.70
6.07
2.81
3.37
4.21
5.18

5.99
6.43
2.97
3.36
4.30
5.31

5.96
6.41
2.91
3.35
4.30
5.29

5. 96
6. 42
2.91
3. 35
4.30
5.29

5.97
6.41
2.97
3.35
4.30
5.29

5.97
6.41
2.98
3.35
4.30
5.29

5.97
6. 40
2.98
3.35
4.30
5. 29

5.97
6.40
2.99
3.35
4.30
5.32

5.97
6.40
3.02
3.34
4.30
5.32

5.91
6.29
3.03
3.39
4.30
5.32

6.13
6.63
3.05
3.39
4.30
5.32

6.15
6.64
3.07
3.42
4.35
5. 65

6.21
6.71
3.07
3.42
4.44
5.80

6.22
6.73
3.10
3.42
4.44
f>. SO

6.24
6.75
3.10
3.42
4.44
5.84

6.26
6. 76
3.16
3.42
4.45
5.84

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...

Price per share, end of mo. (200 stocks) 9 _._do... 185. 66 177.87 198. 91 186. 28 171.39
199. 90 189. 95 213. 78 198. 72 183.43
Industrial (125 stocks)
do
86. 79
96.45
91.50
98.87
Public utility (24 stocks)
do... 90. 55
64.78
63.39
62.00
68.60
68.26
Railroad (25 stocks)
do
r
2
Revised. » Endfof year,
Annual total.
§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.




157.34 168.24 170. 51 161. 75 164. 02 179. 59 182. 43 191. 25 185.31 191.72 201.02
168. 00 178. 96 181.40 172. 29 174. 24 192. 36 194. 69 204. 07 196.71 ! 204.94 216. 41
96.49 102. 52
92.64
87.72
86.83
87.42
99. 88 j1 101.40 102. 94
90.12
81.74
68.04
77.98
72. 32
70. 90
67.43
58.66
71.41
56.07
59.25
58.27
57. 19
cf Number of bonds represent number currently used; the change in the number does not
affect the continuity of series.
^Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.
OFor bonds due or callable in 10 years or more.
9 Includes data not shown separately.

SURVEY OF CURRENT BUSINESS

May 1963

Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1961 | 1962

Monthly
average

S-21
1963

1962
Mar.

Apr.

May

June

July

Aug.

Sept.

3.50
3.53
3.32
5.65
3.43
2.63

3.69
3 71
3.45
5 96
3.70
2 85

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

FINANCE—Continued
SECURITY MARKETS— Continued
Stocks— Continued
Dividend yields and earnings, common stocks
(Moody's):
Yield (200 stocks).
percentIndustrial (125 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

'3.37
3.39
'3.25
5.30
3.31
2.48

3.00
3.00
2.94
4.88
2.97
2.10

Earnings per share (indust., qtrly. at aim. rate;
pub. util. and RE., for 12 mo. ending each qtr.):
Industrial (125 stocks)
dollars _ 19.61 Ul.lO
24.33 2 r 4. 73
Public utility (24 stocks)
do
23.94 2 r 5. 73
Railroad (25 stocks)
do

10.80
4.45
4.69

Dividend yields, preferred stocks, 14 high-grade
(Standard & Poor's Corp.)
percent-

3.20
3 23
3.02
5.17
3.26
2.28

3.48
3.49
3.42
5.40
3.56
2.59

3.79
3 82
3.65
5.86
3.74
2.86

3.55
3 58
3 40
5 75
3 45
2 68

4.50

4.48

4.45

4.45

4.52

232. 44
691. 55
117. 16
143. 52

221. 07
639. 76
121. 75
132. 61

243 36
714. 21
129. 84
145. 24

237 42
690. 28
129. 25
142. 29

221. 91
643. 71
120. 03
134. 96

198 94
572. 64
109. 17
121. 64

66.27

62.38

70.29

68.05

62.99

55.63

56.97

58.52

69.99
67.33
57.01
60.20
32.83

65.54
58.15
54.96
59.16
30.56

74.22
68.06
62.26
64.51
33.45

71.64
64.49
60.66
63.86
32.31

66.32
58.17
55.86
58.84
30.71

58.32
50.18
48.98
53.32
28.05

59 61
51.08
49.82
55 51
28 29

61.29
52.91
51.17
56.96
28.09

33.75
70.78
45.42

33.75
66.19
43.35

38.10
73.41
49.71

36.11
70.94
48.42

32.33
65.11
43.79

29.69
58.45
38.36

31 02
59.88
38 52

32.35
61.93
40.72

5,317
168

4,561
139

4, 447
135

3,954
114

5,367
148

6,728
204

4,291
131

4,392
108

3,945
99

3, 703
88

3,335
79

4,649
3105

6,034
156

85

80

68

65

111

Shares listed, N.Y. Stock Exchange, end of mo.:
Market value all listed shares
bil. $— 358. 93
Number of shares listed
.millions— 6,752

339. 29
7,464

381.36
7, 302

357. 77
7,343

326. 78
7,434

Industrial total (425 stocks) 9
do
Capital goods (123 stocks)
do
Consumers' goods (193 stocks)
do
Public utility (50 stocks)
do
Railroad (25 stocks)
do
Banks:
New York City (10 stocks)
do
Outside New York City (16 stocks) -...do.—
Fire insurance (16 stocks).
_ .do
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
mil. $__
Shares sold
millions. _
On New York Stock Exchange:
Market value
- mil. $__
Shares sold (cleared or settled)
millions-Exclusive of odd-lot and stopped stock sales
(N Y S.E.; sales effected) ... millions..

3.37
3.41
3.18
5.03
3.27
2.53

3.41
3 45
3.29
5 03
3. 36
2 44

9.50
4.57
5.05

11 10
4.50
4 99

4.66

Prices:
Dow-Jones averages (65 stocks)
Industrial (30 stocks)
_
Public utility (15 stocks)-Railroad (20 stocks)
Standard & Poor's Corporation :d"
Industrial, public utility, and railroad:
Combined index (500 stocks)
1941-43=10—

3.60
3 61
3.49
5 78
3.62
2 78

3.25
3 29
2.99
4.79
3.16
2.41

3.36
3.42
3.10
4.82
3.17
2.47

3.25
3 29
3.06
4 73
3.19
2 45

3.11
3.12
3.07
4.39
3.15
2 42

13.00
M. 73
5. 73

r

4.55

4.50

4.49

4.45

4.42

4.34

4.27

4.24

4.31

208 94
602. 51
118. 93
121. 89

207
82
.r>97 02

202 73
580 65
117. 77
117 58

218 35
628 82
122. 34
130. 29

227 22
648. 38
127. 37
138. 98

237 51
672. 10
133. 56
148. 25

241 13
679. 75
135. 86
151.85

239 67
674 63
134. 87
151 72

249 58
707. 12
137. 57
158. 36

58.00

56.17

60.04

62.64

65.06

65.92

65.67

68.76

60 67
52.08
50.60
56.96
27.68

58 66
50.83
49.06
55.63
27 40

62 90
56.05
52.42
57.69
30 47

65.59
57.54
54.52
60.24
32.24

68.00
59.19
56.37
63. 35
34.06

68 91
59.93
57.47
64.07
34.59

68 71
P9. 28
57.55
63. 35
34 60

72 17
62.07
60.29
64.64
36 25

31.33
61.23
39.79

30.26
59.00
37.47

32 37
64.00
41 93

34.35
67.71
44.66

35.39
70.01
47.17

37.18
73.29
48.96

35 86
72.22
47. 93

35.96
74.66
48.94

4,117
132

3,393
104

3,990
126

4,596
144

4,426
143

5,016

159

4,298
130

3,975
136

3,789
99

3, 575
96

2 930

3 518

4 040

3, 857

107

103

4,357
117

3,741

3 485

93

100

74

77

63

79

96

81

101

79

75

107

298. 97
7,485

318 84
7,533

324 51
7,552

308 44
7 561

309 23
7 611

341 14
7 621

345 85
7,659

363 2°i
7 692

354 33
7 719

365 93
7 750

383 59
7 793

4.59
203
581
113
122

10
78
91
75

120. 53
119 76

74

97

91

FOREIGN TRADE OF THE UNITED STATES
FOREIGN TRADE
Indexes
Exports of U.S. merchandise :t
Quantity
Value.
Unit value
Imports for consumption :J
Quantity
Value
_
Unit value

.1957-59-100do
do
do
do
do

108
111
103

TV H2
' "115
*103

113
117
104

118
120
102

122
125
103

124
126
102

107
109
102

105
107
102

110
112
102

100
103
102

115
118
102

118
121
102

108
105
97

»122
*117

123
117
96

119
114
96

126
121
96

119
114
96

120
114
95

124
118
95

123
116
94

129
123
95

134
126
94

121
115
95

8, 847
14, 884

9,509
14,346

11, 536
17,010

11,046
17, 865

10, 150
15 921

10, 987
16 990

10 906
16 104

10 181
!6 668

10 364
15 630

9 581
15 295

1,844.8
1,783.1

1,885.7 1,971.4 1,974.0
1,803.3 1,891.3 1,897.6

1,707.4
1,619.9

1,681.3
1,633.3

1,760.2
1,710.0

1,613.2
1,582.6

1,851.1 1, 902. 0 * 1,011.0 42,104.8 2, 124. 7
1,791.4 1, 863. 7 4 960. 4 '42020.6 2, 058. 1

1,674.4

1 ,802 6 1 782 1 1 838 3 1 728 9 1 687 3 1 943 3 1 492 8 1 695 2 1 838 9 4 982 1

»95

Shipping Weight
Waterborne trade:
Exports, incl. reexports§
thous. Ig. tons.. 9,526
9,984
13, 984 15, 685
General imports
.do
Value t
Exports (mdse.), incl. reexports, totall
mil. $__ 1,746.8 1,802.4
Excl. Dept. of Defense shipments.
_ d o _ _ _ 1,679.4 1,741.7
Seasonally adjusted*
By geographic regions: A
Africa
Asia
_
Australia and Oceania
Europe

do
do
do
do
. do

r

4

2 130 6 1 990 8

69 3
342 6
33.6
536.2

81 7
343 7
39.1
542.7

86 8
344 g
32.9
583. 7

94 8
341 8
40.3
557.4

79 7
352 8
41.6
580 9

88
359
41
574

do
do
do .

303.6
122.7
187.3

319.2
129.5
167.1

308.2
127. 1
186 6

352.1
119.1
182 6

379.5
134.9
176 0

370.1
134.9
185 4

313.6
118.7
150 4

304.4
127.1
173 5

290.6
129.2
171 6

341.5
134.5
133 1

314.6
151.1
157 5

308.8
150.6
161 8

268.0
'91.9
43 8

296.9
141.9
170 4

316.4
154.1
177 8

By leading countries:
Africa:
United Arab Republic (Egypt Reg.). ..do .
Republic of South Africa...
do

13.6
19.0

19.5
18.6

22.4
19. 4

28.8
23 9
21.6
15.1
Revised. 3 *> Preliminary.
1 Quarterly average at annual rate.
2 For 12 months
ending Dec.
Note that all figures on this line are on basis of sales cleared or settled
during
indicated month; clearances usually occur about 4th clay after transaction date.
4
Jan. and Feb. data reflect effects of dock strike and its aftermath.
cf Number of stocks represents number currently used; the change in number does not
affect continuity of the series.
9 Includes data not shown separately.
^Revisions for various periods prior to 1962 will be shown later.

22 4
22.2

22 3
20.2

16 7
15.0

13 9
19.9

6 2
14.5

16 6
17.9

11 9
22.9

20

20 2

19 4

Northern North America
Southern North America
South America

r




7
6
9
0

78
326
41
473

6
6
7
3

73
319
39
493

6
5
6
6

80
334
52
544

3
5
3
9

60
289
36
483

1
2
6
4

92
362
36
560

0
8
9
1

84
410
41
580

8
1
5
6

13
184
17
258

5
8
7
6

98
427
48
692

5
8
9
1

99
469
41
670

1
9
9
0

4.3
25.1
29.8
§Excludes "special category" shipments and all commodities exported under foreign-aid
programs as Department of Defense controlled cargo.
^Includes grant-aid shipments under the Dept. of Defense Military Assistance Program,
as well as economic aid shipments under other programs.
*New series. Revised data prior to 1961 may be obtained from Bu. of Census reports.
AExcludes "special category" shipments.

SURVEY OF CURRENT BUSINESS

S-22
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1961

1962

Monthly
average

May IOCS

1962
Mar.

Apr.

May

June

July

1963
Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

FOREIGN TRADE OF THE UNITED STATES— Continued
FOREIGN TRADE— Continued
Valuet— Continued
Exports (rndse.), incl. reexports — Continued
By leading countries — Continued
Asia and Oceania:
Australia including New Guinea
mil. $__
State of Singapore
do
India
do
Pakistan
do
Japan
do
Republic of Indonesia
do
Republic of the Philippines
do
Europe :
France
do
East German v
do
West Germany
- do
Italy
do
Union of Soviet Socialist Republics
do
United Kingdom
do
North and South America:
Canada
do
Latin American Republics, total?
do
Argentina
-- -do
Brazil
__do
Chile
-do
Colombia
do
Ouba
do
IVIexlco
do
Venezuela
do
Exports of U S merchandise totalt do
By economic classes:
Crude materials
- do
Crude foodstuffs
_
do___
Manufactured foodstuffs and beverages.. _do
Semimanufactures d"
-do
Finished manufactures cf
do
By principal commodities:
Agricultural products, total 9-do
Cotton unmanufactured
_
__ do
Fruits vegetables and preparations
do
Grains and preparations
do
Packinghouse products
do
Tobacco and manufacturesA
do
Nonagricultural products total 9
do
Automobiles parts, and accessories
do
Chemicals and related products §
do
Coal and related fuels
do
Iron and steel products
do
Machinery total §9
Agricultural
Tractors, parts, and accessories
Electrical
Metalworking§
Other industrial
Petroleum and products
Textiles and manufactures
General imports, totalO-

26.8
3.9
40.2
16.3
144.9
11.2
27.8

33.4
4.3
55.7
23.7
117.8
10.0
22.4

27.5
2.9
43.6
9.5
130. 7
11.1
23. 2

34.9
3.7
47.6
17.8
115.5
15.3
23.1

35.2
4.4
60.8
23.5
116.8
8. 7
22.5

35. 2
5.4
68.2
31.9
117.2
11.2
22.8

35.4
3.3
75.0
35.7
96.9
7.0
21.7

33.4
4.1
57.0
28.9
102. 1
9.3
21.5

45,5
5.3
53.0
30. 6
109. 7
12.2
23.8

30.9
2.9
51.3
17.9
95. 0
11.3
19.3

32.8
5.3
66. 1
28.8
121.9
5.5
23. 4

35. 0
5.9
71.7
27. 0
138.8
6.6
25. 5

15. 5
2.2
22.9
8.3
72. 1
11.0
11.0

-39.9
4.7
61.0
28.1
169.3
6.9
27.9

47.1
2
89^4
66.2
3.6
94.2

48.8
.1
89.7
64.0
1.3
89.6

50.6
.1
101.2
77.0
.2
91. 1

55. 6
.1
91.9
57.3
2
85.2

59.9
101 '. 1
60.7
4.3
84. 3

50. 3
.1
95. 3
72.3
2.8
77. 8

35.7
.1
82.0
48.7
1.0
83.6

40.3
.1
84.2
58.9
1.4
75.6

46.8
.1
85. 1
58.5
.7
110.8

37.2
.1
77.9
61.3
.4
89.2

47.3
.4
87. 5
70.7

97^9

56. 6
.1
103.5
70.9
.3
99.7

32.9
0)
43.8
31.7
.1
47.6

67.1
.4
119.5
83.2
1.8
106.0

70.7
•1 I
111.2
73.2
9
107.7

303.6

319.1

308. 2

352.1

379.5

370.1

313.6

304.4

290.5

341.5

314. 5

308.8

268. 0

296.9

316.4

291.9
243. 4
272. 3
274.5
237.9
278.9
37. 8
29.4
32. 5
24.1
19.1
23.8
42.9
39. 1
33. 4
36.5
32.3
34.0
12.3
16.7
17.9
11.2
12.2
13.8
22 2
17.4
20.8
20.1
12.1
14.2
0
0)
0)
0)'
0)
C1)
59.9
69.0
62.9
64.8
71.8
83.5
41.1
38.0
32.2
40.9
33.6
40. 5
1 ,952. 3 1 ,689. 8 1 ,660. 9 1,741.3 1 ,592. 9 1,824.3

282.2
21.6
40.9
13.9
13.9
13.0
69.8
42.3
1,876.8

281.0
295.2
119. 5
18.3
19.7
3.0
40 0
39.3
9.6
16. 6
13.4
2 7
18.3
20.7
4.2
3.9
.5
10.0
63. 8
69.4
51.2
42.4
53.3
15.7
992.1 2,081.0 2, 098. 3

197.5
140.3
105.6
214.9
934.7

212.4
233. 6
180. 5
144.5
108.9
122. 7
278.6
241.9
1,081.7 1, 096. 4

205.0
226.7
102.3
190.0
197.7
71.7
130.6
157.1
68. 5
290.0
294.9
131.9
617.6 1, 231. 2 1,256.3
505.3
202.0
498.3
69.6
59.3
30.3
35. 3
28.8
69.9
204.2
26.4
12.5
35.0 ~~~37.~7~
-8.4
790.1 1, 582. 7 1, 593. 0
132.4
65. 5
78.4
175.5
22.1 r 26.9
29.8
72.0
21. 1

268. 5
284. 5
283.4
278. 6
274.4
31.2
35.4
32.6
42.2
40.5
35.4
41.2
42.0
32.5
29.4
14.2
19.1
12.3
15.3
14.2
18.9
20.4
21.9
23.6
22.6
1.1
1. 1
.1
(!)
0)
65.8
67.7
59.2
74.8
55.2
39.0
43.0
37.4
41.8
50.1
1 ,726. 4 1,779.9 1 ,822. 5 1,862.0 1,945.2
186.2
212.0
167.3
158. 1
113.8
95.9
253.7
273.9
986.5 1, 058. 8

169.1
177.3
122.0
254. 1
1,100.0

161.8
176.9
107.7
255. 0
1,160.6

193.0
215. 0
127.5
257. 0
1,152.7

204.0
190. 1
127.8
264. 0
1,166.4

192.4
153. 3
106.0
227. 3
1,010.7

154. 4
153.1
109. 7
265.5
978.2

419.3
418.7
428.0
44.8
73.7
53.8
35.8
32.9
34.3
170.7
157.8
189.4
25.0
27.4
23. 5
40.9
41.6
31.9
1,307.7 1, 360. 6 1, 394. 5
113.5
100. \
112.5
149.5
151.3
143.8
32. 1
29.1
24.9
50.9
68.7
48.5

410.9
42.6
30.7
182.4
25.0
32.8
1,451.1
119.8
158.5
28.3
49.0

473.3
50.4
37.8
219.2
31. 5
31.2
1,471.8
121.9
155.2
37.4
54.6

470.8
402.0
59.0
66. 2
39.3
34.0
188.4
151. 5
24. 7
36.7
40.2
36.3
1,481.5 1,287.8
1 13. 6
91.0
158.8
141.9
35. 3
30.6
50.7
39.3

359.4
19.9
35.7
152.7
23.2
37.8
1,301.5
88. 1
149.5
41.3
59.4

396.2
389.2
23.2
21.8
46.1
37.7
153.5
136.7
21.0
23.4
75.6
44.5
1,345.1 1, 203. 8
1 13. 0
118.0
158. 1
128.2
38.8
39.4
61.2
42.9

450.4
461.9
41.1
52.0
37.9
35.3
144.3
180.1
19.4
24.8
55.4
54.6
1,373.9 1,415.0
131.1
142.4
148.0
158.8
28.3
35.7
49.9
47.2

432. 9
13.2
30.2
105. 0
43.8
207.6
36.9
57.3
1,366.4

461.4
16.5
34.4
113.4
39.1
219.9
39.8
63.1
1,332.6
1,363.8

492. 0
476. 1
16.7
17.6
34.2
38.5
115.3
117. 1
50.5
46.6
241.4
219.5
37.7
38. 1
59.9
59. 0
1,452. 1 1,348.1
1,386.4 1,342.4

423.3
14.9
31.3
105. 1
40.9
193.6
37.4
48. 1
1,337.2
1,361.8

412.5
12.1
29.4
98.6
41.3
205.5
39.6
59.2
1,356.0
1,364.2

406.7
9.9
26.4
99.7
42.5
196.6
43.5
59.2
1,341.7
1,476.4

389.5
10.5
27.9
95.4
40.0
185.7
30 2
51. 1
1,438.9
1,318.9

443.6
9.9
27.8
117.6
44.2
209.7
36.2
58.9
1,451.6
1,431.7

61.8
242. 6
34.2
362.7
338.8
107.6
199. 3

66.4
262. 7
31.9
366. 1
313.3
109. 1
186.1

50.4
26ti. 8
46. 7
361. 5
318.0
109. 5
199.7

62.9
258. 0
37.4
367. 6
302.5
105. 0
207.0

58. 2
256.5
36.3
417.9
325.4
111.9
231.7

60.7
262.2
45.3
419. 9
338.9
129. 1
193.6

66. 0
236.7
40.9
388. 6
295. 8
127.3
210.2

42.3
214.1
22.1
256.3
T
282. 7
- 130. 5
167.0

'77.6
251. 5
55. 3
393.0
267.2
136.6
207.5

70.3
265.1
42.4
433.7
285.3
131.3
234.9

3.2
16.9

3.9
18.8

9
15.6

1.1
28.6

.6
23.6

.4
23.3

1.2
16.9

.2
11.2

1.0
26.8

28.0

19.1
.8
16.1
2.3
116.7
12.3
31.2

22.9
1.4
21.3
3.0
120.0
12.9
40.3

28.8
1.2
19.2
2.7
131.8
9.9
32.6

25.0
.7
24.2
2.7
129.7
8.9
22.9

23.4
.9
20.6
2.9
128.5
9.8
23.9

33.2
1.2
20.7
3.2
123.6
9.7
26.6

31.1

'16.2
1.1
T 16.6
2.0
109.3
7.6
13.8

41.0
1.2
32.7
5.2
104.4
12.7
25.4

22.0
1.1
25 v
5.4
124.4
8.9
25.6

395.9
do
12.0
do_
29.9
_ _.do- _ _
94.3
do. _
40.1
do
188.9
do
37.1
do
56.8
do
1,226.1
do

440.1
14.1
30.2
98.8
48.1
217.1
33. 7
61.8
1,381.4
1,339.3

By geographic regions: O
63.2
56.0
56. 9
67.8
85.8
Africa
do
247.1
215. 2
265. 1
227.5
242.0
Asia
._
_
do
36.6
27.2
26.7
51.7
29.2
Australia and Oceania
- __ _ _ _ do_
385. 3
345.0
416. 4
398.5
376. 8
Europe
do
304.9
272.6
326.4
291.8
Northern North America
do
292.7
123.1
137. 2
141.6
Southern North America
do . _ _ 113.6
123.7
204.1
196.6
206. 0
216.8
South America
do
181.7
By leading countries: O
Africa:
2.1
2.9
2.0
2.6
5.8
United Arab Republic (Egypt Reg.)---do
21.4
17.4
17.1
22.7
Republic of South Africa _ _
do. .
27.0
Asia and Oceania:
24.4
15.4
16.2
33.7
19.5
Australia, including New Guinea
do
1.2
1.1
1.2
.9
State of Singapore
do
.9
21.0
21.3
20.3
22.0
26.9
India
__ do _ _ _
3.5
3.1
3.1
4.5
Pakistan
do
4.0
113.1
87.9
103.9
113.7
Japan __ __
_ _ do
106.2
11.2
9.5
13.6
12.9
12.4
Republic of In donesia
do
26.4
21.6
37.4
27.3
27.1
Republic of the Philippines
do
Europe:
France.
do
36.3
35.6
35.7
33.2
38.2
.2
.5
East Germany
_ _
do
.3
.2
.4
80.1
West Germany
do._ 71.3
80.3
80.7
76.9
31.3
39.0
Italy . _
do
37.7
37.5
33.0
1.3
Union of Soviet Socialist Republics
do
.9
1.6
1.9
1.7
85.4
United Kingdom
do
74.8
83.7
82.4
93.8
T
Revised.
' Less than $50,000.
^Revisions prior to Jan. 1962 for exports and pri()r to Feb . 1962 forimports will be s hown
later.
9 Includes data not shown separately.
USee F imilar n ote on p. S-21.
cf Data for semimanufactures reported as "spec2ial categ ory, typ e 1" are included with
finished manufactures.




35.1
4.6
83.0
38.2
163.0
13.2
35. 0

385.6
152.9
111.7
279. 0
1,012.2

458.1
237.5
496. 7
18.6
13.2
9.6
15.6
27.9
34.9
36.2
16.1
120. 7
115.6
124. 1
73.1
14.0
49.2
49.5
44.2
215.9
249. 6
99.6
236. 2
42. 1
24 6
o° 6
63. 6
1,366.5 1, 116. 7 1.389.5 1,462.8
1,371.9 1, 093. 2 1,493.2 1, 484. 3

22.' 5
3.1
98.1
11.0
27.6

"

31.8
19.3
33.2
33.6
2
.2
.1
.8
92.2
83.6
77.0
6L8
40.5
33.0
46.7
23.9
1.0
.4
1.3
54.0
72.6
84^3
100.8
£Alanufa ctures of tobacco are inclu ded in th e nonagr icultura product s total,
' New se "ies. Da ta prior to Aug.
§1Excludes "specia categoryft type I" expor ts.
1960 inay be obtained from Bt ireau of Census Deports.
O Eff ective w ith the .\pr. 1962
SURV EY, the i mport to tals and appropri ate comj)onents r eflect re\visions to include uranium
ore arid concei itrates. For cert a in recen t month 3, the dat a by reg ions and countrie s exclude
impo •ts unidc mined b y area of origin. (See also note 4 f(>r p. S-2 .)
34.8
.2
75.9
35.9
1.2
79.1

36.5
.1
74.3
36.3
1.2
84.9

32.0
.2
79.9
41.7
2.1
80.7

31.0
.2
83.1
37.5
2.1
77.0

36.5
.2
83.0
43.0
1.1
95.8

36.7
.2
91.0
43.9
1.2
96.4

SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1961

1962

Monthly
average

S-23

1962
Mar,

Apr.

May

Jane

July

1963

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
ValueJ— Continued
General imports, by leading countriesO— Con.
North and South America:
Canada
mil. $-_

272.5

304.7

291.7

292.6

326.1

338. 5

313.0

317.6

302.0

325.3

338.7

295.7

282. 5

267.1

285. 2

267. 8

282.2

311.5

263. 8

306.7

266. 8

255. 0

259.6

262. 3

294.6

274.7

288.9

243.6

298 5

324.1

8.5
46.9
15.3
23.0
2.9
44.8
74.8

8.8
45.1
15.9
22.9
.6
48.2
81.3

9.6
40.0
22. 2
18.5
.6
57. 8
92.6

10.2
38.8
11.4
18.3

9.8
35.1
19.6
20.4
I1)
36.7
85.1

7.7
37.7
20.2
22.9

9.0
44.2
4.9
29.6

9.4
48.2
9.9
31.8

7.9
42.5
21.3
38.9

61.2
79.2

8.0
41.9
27.7
23.2
.2
59. 1
79.2

36.0
66.2

33.1
80.2

34.6
75. 5

42.0
80.4

9.6
53.9
8.4
14.5
0
51. 1
77.1

10.8
56.7
7.6
19.5
1
C)
49.6
90. 3

59
25. 4
11.3
12.0
(i)
49.6
89.2

13 2
52 4
10.1
12.7
(i)
56.9
82 8

13 0
57. 5
27.7
14.2
(i)
60.0
85 2

1,221.4 I, 354. 9 1 ,364 2
Imports for consumption totalO
_do
By economic classes:
262. 6
278. 5
280.4
Crude materials
do
148.1
146. 4
Crude foodstuffs
do _ _ 143.1
149.8
146. 6
Manufactured foodstuffs and beverages. .do _ _ _ 133. 5
259. 0
282.7
303.7
495. 9
423. 2
487. 2
Finished manufactures
do
By principal commodities:
323.0
325. 7
307.6
Agricultural products total 9
do

1,325 3

1,411 2

1,320 1

1,330 3

1,368 5

267. 2
153. 7
133. 8
285 8
484. 9

286.1
154. 0
160. 8
298. 4
511.9

288.9
126. 6
144.3
269. 0
491.3

276. 8
132.5
150.8
280.7
489.4

298.8
136. 1
147.8
281 1
504.7

275. 4
136.3
160.9
268 3
504. 5

264.3
145. 7
176.3
276.4
561.5

296. 3
158.2
187.0
288. 9
539.3

259. 3
169. 0
159.6
968 0
480.5

262. 3
114 0
94.4
256 2
412 3

269. 1
170 8
152 2
283 6
491 2

Latin American Republics, total 9
Brazil
Chile
Colombia
Cuba
Mexico
Venezuela

-

do
do _ _ .
do...
do __do
do
do

Cocoa (cacao) beans, incl. shells
do
Coffee
--do
Rubber crude, including guayule
do
Sugar
- --do_ _
Wool and mohair, unmanufactured
do
Nonagricultural products, total 9-

-do

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 _ _

0)

0)

0)

0)

C1)

1 345 4 1, 424. 1 1,469.7 1 , 336. 4 1 139 2 1 367 0 1 418 2

312.7

335.9

288.0

300.4

330.2

313.1

333.1

359.1

351.2

232.6

374 0

13.4
80.3
18.0
38. 2
16.5

11.0
82.5
19.0
42.4
17.4

12.4
75.0
16.7
33.6
20.7

17.2
75.2
18.5
38.2
16.1

12.6
82.2
21.1
58.3
15.7

16.7
63. 9
16.0
46.7
16.3

17.6
70.4
20.7
54.9
13.1

10.0
83.3
19.1
35. 4
17.0

3.5
87.2
16.9
45.2
14.6

4.4
83.3
17.3
49.9
17.6

4.8
84.1
21.9
54.1
19.4

6.3
98.2
19.3
43.2
20.7

7.9
48 7
17.3
17 7
14.4

20 4
88 5
26 3
41 7
28.5

913.8

1,032.0

1,038.5

1,012.6

1,075.2

1,032.1

1,029.8

1,038.2

1,032.3 1,091.0 1,110.6

985.2

906.6

993 0

8.4
37.7

9.7
47.4

11.7
46.1

10.5
43.9

8.9
56.6

6.2
51.4

5.6
51.1

6.6
53.7

7.0
41.2

5.4
47.6

5.5
49.9

17 7
43.3

89.1
23.2
9.9
27.7
57.2
136.9

2 95. 6
22.7
9.7
30.1
58.0
147.3

100. 0
25.6
12.9
30.1
56.0
152,, 8

101.7
22.1
11.0
29.1
54.6
133.5

101.0
23.6
12.5
30.4
61.7
139.8

89.5
23.7
8.9
30.4
63.9
141.5

2 103. 9
21.6
8.4
27.8
57.7
140.2

96.1
20.6
8.3
31.8
57.7
142.1

89.6
20.4
9.9
29.8
53.2
146.2

93.2
17.6
6.7
33.6
68.6
127.1

94.5
24.5
10.3
31.2
58.6
169.9

82.0
22.7
7 6
26 6
60.3
156.7

57, 630
49, 346
13, 587
3,871
2,458

58, 677
47, 927
18, 026
3,722
2,586

7 g

88

45.7

46 9

61,914
43,715
13, 756
4,008
2,755

56,488
40, 255
12,799
3,706
2, 453

TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Air Carriers
Scheduled domestic trunk carriers:
Financial operations (qtrly. avg. or total):
Operating revenues, tota!9
mil. $__ 514. 8
509.6
Transport, total 9
do
Passenger
do__ _ 461.2
32.2
Property
-do
12.9
U S mail"
do
512.4
Operating expenses (incl. depreciation) ___do
d
6.0
Net income (after taxes)
do
Operating results:
M^iles flown (revenue)
thous '57,451
37, 131
Express and freight ton-miles
flown
do
12, 248
M!ail ton-miles
flown
do
r 3, 812
Passengers originated (revenue)
do
Passenger-miles flown (revenue)
mil__ 2,475
Express Operations
Transportation revenues

mil $

Local Transit Lines
Fares average cash rate?
cents
Passengers carried (revenue)
mil
Operating revenues (qtrly. avg. or total) A- -mil. $__

thous..
._ do
do
do
do

597.4
538.5
36.4
14.3
561. 0
9.4

59, 409
45, 296
13, 580
3,996
2,667

62, 745
45, 587
14, 360
4,107
2,677

392.2
329.1

3 95. 9
329.3

89.9
26.3

19.6
604
347.4

20.1
594
348.9

20.0
619
340. 7

Class I Motor Carriers (Intercity)
Carriers of property (qtrly. avg. or total):
*965
Number of reporting carriers
Operating revenues, total
mil. $__ 1, 234. 4
1, 185. 4
Expenses, total
__
__
do
71 6
Freight carried (revenue)
mil tons
Carriers of passengers (qtrly. avg. or total):
< 141
Number of reporting carriers
120. 5
Operating revenues, total
_ _
mil $
Expenses, total
do __ 104.8
56.3
Passengers carried (revenue)
mil-Class I Railroads
Freight carloadings (AAR):c?
Total cars
Coal
_
Coke _
__
Forest products
Grain and grain products -

543.3
488.8
33.8
13.7
555.4
*17.0

2,382
424
29
156
237

61, 754
43, 381
13, 422
4,296
2,746

62, 820
46, 614
14, 046
4. 145
2, 662

20.0
610

20.1
639

55, 689
39, 734
11,851
3,710
2,660

58, 283
47, 556
12, 978
4.164
2,929

142
104. 8
99.8
51.2

2, 721 «- 2, 250
399
497
44
33
147
191
264
206

20.1
580
357 7

528. 1

58, 182
48, 228
12, 512
3,968
2,703

62, 562
53, 927
14, 275
4,114
2,655

20.1
538

20.2
561

20.2
571
331 3

88.4
25.3

104 5
31 7

94 1
27 9

62, 735
46, 423
14, 382
4,264
2, 855

20.2
638

20.3
608

20.3
594
365.8

20.3
587

20.3
535

20.4
575

2,429
444
24
150
236

2.251
422
24
142
247

2,470
499
32
165
241

1,908
402
27
132
181

2,031
406
29
139
213

2, 661
487
38
186
273

992
1, 350. 3
1, 276. 7
79 3
141
161.2
123.7
63.0

141
132.7
112.2
58.0

2,339
410
27
157
196

A
' Revised.
Deficit.
» Less than $50,000.
2 Beginning
July 1962, includes
data for
3
4
refined bauxite (imports for 1961 totaled $11.1
mil.).
Quarterly average.
Number
6
of carriers filing complete reports for 1961.
Excludes intra-Alaska and intra-Hawaii.
\ See similar note on p. S-22.
O See similar note on p. S-22.
9 Includes data not
separately.
ARevisions for 1961 are available.
Digitizedshown
for FRASER



6

95 3
29 8

1 010
1, 278. 9
1,242.9
76 6

2,393
439
30
158
231

60, 280
44, 278
13, 064
4, 286
2, 963

« 559. 3

2,885
540
29
185
248

2,043
261
19
138
216

2,300
433
23
155
214

2, 852
540
30
184
254

2, 240
423
33
143
210

§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.
cf Data for Mar., June, Sept. and Dec. 1962 and Mar. 1963 cover 5 weeks; other months
4 weeks.

SUEVEY OF CUREENT BUSINESS

S-24
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1961

1962

Monthly
average

May 1963

1962
Mar.

Apr.

May

June

July

1963

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Class I Railroads— Continued
Freight carloadings (AAR)cf— Continued
Livestock
Ore
-

thous _
do

Freight carloadings, seas. adj. indexes (Fed. R.V.f
Total
1957-59=100..
Coal
do
Coke
do
Grain and grain products
Livestock
Ore

..

do
do
do

Financial operations (qtrly. avg. or total):
mH
Operating revenues, total 9
- $-Freight
.do....
Passenger
do
Operating expenses
--- -.-------do
Tax accruals and rents
do
Net railway operating income
- --do

19
145
121
1,252

18
144
97
1,277

17
89
125
1,495

17
100
97
1, 251

16
194
94
1,244

13
275
116
1,480

9
212
85
1,102

12
203
90
1,169

27
221
110
1,486

36
152
90
1,296

24
95
82
1,214

15
63
91
1,363

11
41
70
1,044

9
52
75
1,109

14
77
96
1,491

13
79
73
1,266

191
87
78
95
104
71
83
61
92

!92
90
81
97
101
67
83
49
94

97
92
96
102
105
73
114
52
97

96
93
93
98

94
93
80
101
103
70
87
51
95

90
87
71
95
94
52
87
51
92

90
87
69
94
81
56
84
49
93

90
92
77
95
98
62
79
47
91

90
89
74
94
98
67
75
45
89

90
88
69
95
101
73
69
45
92

94
91
68
98
110
68
79
45
96

91
84
75
94
100
59
76
44
94

88
86
79
92
90
50
69
42
92

95
91
81
98
111
52
91
41
96

95
88
84
99
107
60
101
40
97

97
99
94
95
109
62
66
39
99

107
79
83
52
98

-2,296.8 2, 360. 0 2, 295. 7
-1,934.2 1, 997. 7 1, 953. 6
156.2
154.8
144.8
-1,817.8 1, 854. 6 1,830.4
- 344. 6 323.9
352.8
134.4
181.4
112.6
-96.1
142.8
66.0

Operating results:
Freight carried 1 mile (qtrly )
bil ton-miles 2 144. 5 2151.9
Revenue per ton-mile (qtrly avg )
cents - n. 373 2 1. 347
Passengers carried 1 mile, revenue (qtrly.)-.mil._ - 25, 064 2 4, 969

148.2
1.354
4,460

2, 407. 9
2 046 3
157.0
1,883.1
371 9
152.9
105.1

2,331.7
1,959.7
169.3
1,832.0
334.9
164.8
125.3

2, 404. 5
2, 031. 1
147.9
1, 873. 1
236.1
295.4
274.6

154 6
1.352
5 037

150.7
1.337
5,789

153.9
1.346
4,589

Waterway Traffic
Clearances, vessels In foreign trade:
Total TJ S ports
thous. net tons

14, 073
11,411
2,662

14, 913
12, 066
2,847

13, 916
11, 350
2,565

14, 045
11,329
2,716

16, 396
13, 143
3, 253

15, 957
12, 817
3,140

15, 286
12, 408
2,878

16, 501
13, 336
3,165

15, 932
12, 700
3,232

15, 135
12. 309
2, 826

14,991
12, 259
2,732

14, 143
11,575
2,568

. thous. Ig. tons
..
do —

5,445
823

5,490
855

6,200
976

6,103
832

6,057
986

5,684
828

5,495
741

5, 167
830

4,932
720

4,889
896

5,177
1,013

5,422
713

4,118
547

4,876
531

5.610
744

Travel
Hotels:
Average sale per occupied room
dollars _
Rooms occupied
% of total-Restaurant sales index
same mo. 1951=100-Foreign travel:
U S citizens * Arrivals
thous

9.23
62
112

9.35
61
112

8.87
63
123

9.67
64
108

9.00
64
125

9.64
63
116

8.75
54
107

9.60
60
106

9.66
64
111

10.14
69
111

9.82
59
106

8.90
47
109

9.00
59
105

9.26
62
113

8.87
61
116

9.67
63
107

174
168
111
93
71
2,323

195
191
125
103
76
2,678

185
175
112
86
93
761

170
183
121
95
107
1,357

178
183
129
100
125
1,981

204
304
130
122
114
4,861

265
282
149
126
85
7,554

333
246
159
125
72
7,573

250
189
177
129
57
3,288

186
156
134
112
52
1,920

152
129
107
97
44
955

140
146
102
105
40
635

143
142
100
70
71
551

75
692

108

139

761
thous. $__ 12, 577

726
12, 076

770
12, 873

740.7
414.4
Station revenues
do
252.0
Tolls message
do
441.4
Operating expenses (before faxes)
do
126.6
Net operating income O
do
67.6
Phones in service, end of year or mo
mil...
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
22, 144
Operating revenues
thous $
20, 004
Operating expenses, incl. d'epreciation
do
1,029
Ocean-cable:
3,023
Operating revenues
do
2,452
Operating expenses, incl. depreciation
do
240
Radiotelegraph:
4,471
Operating revenues
do
3,453
Operating expenses incl depreciation
do
857
Net operating revenues
do

792.6
440.0
270.4
468.2
139.6
70.8

790.6
432.9
278.3
470.6
132.1
68.4

783.3
435. 4
267.4
458.5
135.4
68.6

796.8
438.8
278.0
475.1
134.5
68.9

791.1
439.7
269.1
458.8
138.3
69.0

786.3
436.2
268.5
461.8
135.1
69.4

810.6
440.7
285.8
473.5
141.1
69.6

782.6
441.1
256.8
458.7
134.7
70.0

816.7
452.1
280.6
487.8
« 176. 6
70.3

806.0
450.8
269.5
481.4
141.2
70.5

815.7
451 . 8
276.3
487.6
146.6
70.8

821.1
455.4
280.6
485.6
143.2
71.0

797.1
452.5
257.0
465.7
140.9
71 2

22,010
20, 197
582

22, 649
20, 262
971

21, 989
19,614
1,013

23,011
20, 762
861

22, 366
20, 389
659

21, 259
20,d 854
828

22, 748
20, 996
600

20, 893
19, 703
214

22, 779
20, 564
1,240

21. 245
19,854
598

21, 866
20, 468
600

22, 890
21, 381
d69

21, 759
20, 123
364

3,013
2,542
153

3,220
2,594
312

2,883
2,463
96

3,145
2,581
257

2,902
2,444
161

2, 950
2,623
*5

3,031
2,534
191

2,786
2,470
20

3,169
2,612
243

2,969
2,602
54

2,931
2,483
90

3,119
2,605
179

2,873
2,510
45

4,675
3,675
817

4,821
3,614
1,005

4,460
3, 536
739

4,808
3,699
919

4,719
3,734
801

4,607
3,697
726

4,684
3,743
761

4,524
3,626
706

5,101
3,872
1,036

4,685
3,767
740

4,718
3,911
631

4,813
3,869
727

4,421
3,686
549

United States vessels...
Panama Canal:
Total
In United'states vessels

do

Aliens* Arrivals
Departures
Passports issued and renewed
National parks visits §
Pullman Co. (qtrly. avg. or total):
Passenger revenues

do
do
__do
do

635
10, 702

793
13, 035

707
11,694

COMMUNICATIONS
Telephone carriers:

CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:!
Acetylene
mil. cu. ft
Ammonia, synthetic anhydrous (commercial)
thous sh tons
Carbon dioxide liquid gas and solid
do
Chlorine gas
do

968

1,093

1,159

1,102

1,133

1,066

1,105

1,089

1,128

1,093

1,094

1,102

433 9
76 0
383 4

481 6
85.7
428.6

494 8
73.5
437.5

508 3
75 4
423.1

510. 7
96.9
432.8

496 0
100.6
427.5

471 1
105 7
438.9

464 2
107.8
441.1

470 5
92 1
428.2

489 1
89 6
444.9

504.4
77.5
441.9

524.2
75.4
439.3

89 1
89 1
88 1
89 9
75 8
Hydrochloric acid (100% HC1)
do
292 3 305.9
300.9
303.4
281 6
Nitric acid (100% HNOs)
do
9,161 8,577
6 555 3 8, 347
8,083
Oxygen (high purity)
mil cu ft
232.5
212.2
209.4
Phosnhorin acid (100% PoOfO
thons. sh. tons__ 187.8
200.4
T
Revised.
* Based on unadjusted data.
2 Quarterly average.
3 Beginning
Feb.
d
1962, data include quantities for 14 plants not previously reporting. « See note O.
Deficit.
cf Data for Mar., June, Sept., and Dec. 1962 and Mar. 1963 cover 5 weeks.
fRevised (effective with Dec. 1961 SURVEY) to new base period; see coiresponding note
In Mar. 1963 SURVEY.^




93.1
84.8
91 0
90 4
90 0
89 6
92 5
319.1
334.9
277.9
299 7
303 7
341. 8
278 0
8,945
9,490
7,782
8 849
7,433
8,129
8,103
177.5 195-5
192.9
195.0
211.2
202.1
188.4
§Data beginning Jan. 1963 include visits to new park; comparable figure for Jan. 1962,
565,000 visits.
9 Includes data not shown separately.
O Figure for Oct. 1962 reflects adjustment of
Federal income tax provisions for 10 months of 1962 occasioned by Revenue Act of 1962.
^Scattered revisions for 1959,1960, and Jan.-Oct. 1961 are available upon request.

SURVEY OF CURRENT BUSINESS

May 1963

1961 1 1962

Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

Monthly
average

S-25

1962
Mar.

Apr.

May

June

July

1963

Sept.

Aug.

Oct.

Nov.

Dec.

391 4
11 8
474 6

378 9
96
465.9

349 1
10 7
462 4

53 7

50.2

41 3

Jan.

Feb.

Mar.

Apr.

CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS— Continued
Inorganic chemicals, production J— Continued
Sodium carbonate (soda ash), synthetic (58%
Na2O)
thous. sh. tons__ 376.4 383.9 400 7 394 1 404 1 400 4
390 4 378 4
368 3
10.1
10.6
Sodium bichromate and chromate.
_do
11 0
11 5
10.8
10 8
96
11 1
95
Sodium hydroxide (100% NaOH)
do ._. 409.5 455.2
466.3 454.9 464.3 459.9 467 1 469.7 451 2
Sodium silicate (soluble silicate glass), anhydrous
43.8
thous. sh. tons_.
46.1
42.7
36.8
55.1
51.6
44.8
47.8
42 3
Sodium sulfates (anhydrous, refined; Glauber's
94.6
101.7
salt; crude salt cake)
thous. sh. tons_.
94.2
95.9
106.2
106.5
113.7
100 6
99 2
1,487.3 1, 593. 1 1,725 6 1,675 9 1,692 3 1,502.3 1,438.4 1 499 9 1 466 8
Sulf uric acid (100% H2S Oi)
do

100.9
99 5
103 5
1 6357 1 649 7 1 654 3

Organic chemicals :d"
Acetic acid (synthetic and natural), production
mil. lb__
Acetic anhydride, production _ _
~_ do _.
Acetylsalicylic acid (aspirin) , productions-do

65.3
105.0
1. 9

81.7
103.7
2.3

75.0
106 4
2.5

75.2
102 2
2.1

85.6
105 0
2.4

79.4
107.4
2.0

77.2
101.5
1.8

86.1
103.9
2.3

81 1
108 8
2.1

79 5
105 1
2.5

91.9
99 5
2.7

89 5
114 6
2.4

98 7
2.0

Alcohol, ethyl:
Production (incl. spirits)
mil. tax gaLStocks, end of month (incl. spirits)
do
Used for denaturation
do
Taxable withdrawals (incl. spirits)
do

52.1
138.9
43.2
5.1

52.4
151.3
42.3
5.3

53 3
147.7
45 6
5.4

52. 1
153.1
40 8
4.8

50 3
151.5
44 6
5.5

50.4
154.0
42.7
5.4

49.3
158.1
39.1
4.4

45.5
157. 6
41.5
5.1

49.5
147.1
40.0
5.7

65 5
150.7
43 5
77

52.6
144.7
41.4
6.4

58 7
156 8
41 6
4 6

61 0
165.1
46 5
5.0

mil. wine gal . 23.4
23.4
_do _.
6.2
do __

22.9
23.0
3.9

24.5
23.9
5.6

21.7
21.4
5. 7

24.0
24.8
5.0

22.9
23.9
4.1

21.1
21.3
3.8

22.4
24.0
2.2

21.5
21.4
2.3

23 8
23 4
21

22.8
21.9
3.0

22 9
22 7
32

25 0
25.3
31

23 2
22 8
35

mil. gal_.
mil. lb_.
do

7.3
14.3
8.5

7.5
13.9
8.1

5.1
13.9
9.8

8.6
12.1
7.3

8.0
14 5
7.9

7.7
13.4
12.4

7.2
16.1
5.2

8.1
15.7
9.0

7.8
14 0
6.6

7.9
15 5
7.6

7.5
14.7
10.7

8.1
13 5
6.3

7.6
14 9
6.9

6.7
15 6
11.3

7.1
17 7
8.0

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. lb_-

98.6
146.0

100.9
166.7

87.9
163.5

88.8
165.3

98.4
172.2

103.6
164.1

119.1
150.2

122.0
169.0

106.4
166.0

112.9
188.3

114.4
179.0

117 9
169.8

124.4
167.8

116 9
186. 9

113 8
214.0

22.4
34.3

20.8
32.7

21.2
35.2

21. 2
36.1

18.8
33.7

21.1
35.4

17.8
32.3

21.1
30.8

18 3
27.8

19 9
25.8

23.0
30.5

25 6
32 8

23.1
32.9

19 8
30 3

22 5
29 6

.1
25.6
31.7

.1
28.0
34.4

.1
29.0
30.2

.1
27.9
33.7

.1
28.0
31.5

.1
26.5
33.3

.1
29.8
33.6

.1
28.3
33.2

.1
28 2
34.8

.1
29.2
36.1

.1
27.8
35.8

1
29 2
38 4

27.0
35.2

20 6
39 5

26 4
41 0

538
31
429
64

602
67
448
71

486
52
352
74

684
128
464
76

635
98
466
58

543
24
444
47

563
10
428
99

699
60
547
82

653
51
504
66

698
74
547
68

565
86
397
63

475
33
370
51

285
16
213
54

767
92
600
46

523
58
390
57

do _
do
do
do
do

228
123
41
13
36

253
129
36
18
51

306
157
28
18
57

397
230
69
24
59

287
186
55
14
10

195
129
51
13
10

229
* 133
33
24
22

199
84
20
19
49

232
84
22
23
71

215
110
27
20
43

232
92
29
14
77

218
79
12
22
72

20

44

Potash deliveries (KjO)__
do
Superphosphate and other phosphatic fertilizers
(100% P805)-.1
Production
thous. sh. tons
Stocks end of month
do

173

197

232

365

258

60

123

226

142

225

113

199

308

167

227
414

227
415

249
446

248
302

255
253

204
316

170
382

202
416

207
418

241
426

253
479

230
505

261
505

246
483

Alcohol, denatured:
Production __
Consumption (withdrawals)
Stocks, end of month
Creosote oil, production
DDT, production
.
Ethyl acetate (85%) , production

84 6
2.2
52
167
43
4

r

106 9
2.5

2
3
2
2

FERTILIZERS
Exports, total 9
Nitrogenous materials
Phosphate materials __
Potash materials

-thous. sh. tons_.
_ _
do
do __
do

Imports, total 9
Nitrogenous materials, total 9
Nitrate of soda
Phosphate materials
Potash materials

MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments:
102
127
Black blasting powder
thous Ib
82, 424 92, 400
High explosives
do
Paints, varnish, and lacquer, factory shipments: J
Total shipments
mil. $_. 145. 8 ' 152. 7
386.5 '89.8
Trade products
_ _
do
Industrial finishes _ _ _
__ _
do_ __ 359.3 '62.9
Sulfur, native (Frasch) and recovered :t
519
489
Production
_
__ --thous. Ig. tons. _
4,098 4,837
Stocks (producers'), end of month
do

53
81, 058

2424
2281,086

2379
300,657

62
35
83
91, 583 101, 886 100, 792

2

'151.9 ' 166. 7 r' 188. 0 ' 178. 3 ' 164. 5 ' 179. 2 ' 153. 2 ' 156. 2 ' 132. 1 ' 110. 3
' 85. 9 ' 102. 0 114. 3 ' 108. 0 ' 104. 4 ' 113. 0 '93.2 '88.4 '71.0 '57.3
' 66. 0 '64.7 ' 73. 7 '70.3 '60.1 '66.2 '60.0 '67.8 '61.1 '53.0
499
512
497
473
514
467
474
499
492
447
4,938
4, 751 4,777 4,818
4,779
4,761
4,862 4,897 4,872
4, 830

2 227
2245 522
s 129. 0
568.0
«61.0

130.6
72.8
57.8

504
4,963

431
4,941

11.3

11.7

SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:©
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 melamine resins
Vinyl resins
Alkyd resins

-

-

Polyester resins
Polyethylene resins
Miscellaneous (incl protective coatings)

do
do
do

4.8 1
7.5 > 13.2
.1 [

15.6

13.2

14.2

14.2

11.3

12.9

13.0

14.2

12.7

12.0

51 0 4 57 4
88.8 * 104. 0
33.3 <39.9

59 8
105.6
40.1

53 8
105.5
38.8

61 1
113.2
41.9

59 6
107.3
41.5

48.9
94.7
33.2

60.1
102.3
40.7

57.9
105.1
42.0

61.4
109.0
44.1

58.9
106.1
39.6

55.3
99.6
38.3

'61 2
53.0
98.3 ' 100. 5
'42.0 '40.5

63 1
121.6
44.7

do
do

105.0
45.1
12.3

128.3
41.0

131. 3
43.6

122.4
42.8

130.6
47.0

131.1
46.1

116.3
40.2

131.9
44.3

133.9
38.1

138.9
42.3

132.1
38.4

128.4
35.4

' 134. 4 ' 129. 4
'42.2 '39.3

144.7
45.0

do
do. _
do

16.1
133.9
41.5

16.8
168.0

17.9
167. 0

18.7
166.7

20.2
170.9

18.6
170.6

13.8
172.7

18.3
170.8

15.1
170.1

18.6
176.6

15.7
170.3

14.5
170.8

18.4
18.8
' 166. 3 ' 159. 5

21.9
189.3

' Revised.
1 Beginning July 1962, excludes ammonium phosphate formerly included.
2
Quarterly total.
* Beginning Jan. 1961, trade sales of lacquers (formerly shown with
industrial finishes) are included under trade products.
* Beginning Jan. 1962, data include
protective coatings (formerly excluded); amounts of these for Jan. 1962 are as follows (mil.
Ib.): Phenolic, 2.5 (incl.
some
rosin
modifications
no
longer
shown separately); polystyrene,
5
6.0; urea, etc., 3.8.
Beginning Jan. 1963, data based on expanded sample; data for Oct.Dec. 1962 on new sample (mil. dol.): Total shipments, 159.9; 138.3; 114.4; trade products, 90.6;
75.6; 60.5; industrial finishes, 69.3; 62.7; 53.9.




13.9

tSee similar note on p. S-24.
d"Data (except for alcohol) are reported on the basis of
100% content of the specified material unless otherwise indicated.
9 Includes data not shown separately. ^Revisions for 1960-Apr. 1961 for superphosphate
and for Jan.-Mar. 1961 and Jan. and Feb. 1962 for paints, etc., will be shown later.
fRevised 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 for 1961 are
based on reported annual totals.

SURVEY OF CURRENT BUSINESS

S-26
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1962

1961 | 1962

Monthly
average

May 1963

Mar.

Apr.

May

June

July

1963
Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial) , total O
mil. kw.-b.r-. 73. 226
66, 003
Electric utilities total
-do
53, 349
12, 654
By waterpower
do

78, 588
70, 993
56, 982
14,011

78, 646
70, 719
54,562
16, 157

73, 528
65. 873
49, 873
16, 001

78, 071
70, 241
55. 020
15,221

77,819
70,164
56. 397
13, 767

80, 322
72, 933
59, 479
13, 453

84, 093
76, 439
63 226
13, 213

77, 018
69, 680
57 695
11,985

79, 784
72, 002
58 926
13 076

78. 109
70 656
57 099
13 557

82, 702
75 312
61 250
14 06'?

86, 509
78 835
64 908
13 927

77, 123
69, 990
57 323
12, 668

81.530
73. 720
58 455
15 265

53, 636
12, 367

57, 694
13.299

56, 725
13,994

53,103
12 770

57. 053
13, 188

57, 260
12. 904

59, 281
13, 651

62, 424
14 015

56, 774
12 906

59, 150
12 853

57 452
13 205

60 940
14 372

63 804
15 031

56, 543
13 447

59, 661
14 059

9

7 810
7, 486
394

Privately and municipally owned util
Other producers (publicly owned)
Industrial establishments total
Bv fuels
By waterpower
Sales to ultimate customers total (EEI)§
Commercial and industrial:
Small light and power
-Large light and power
Railways and railroads
Residential or domestic
Street and highway lighting
Other public authorities
Interdepartmental

--

do
do do
do
do

7, 223
6, 942
280

7,594
7. 306
289

7, 927
7, 604
323

7, 654
7,318
336

7 8*>Q
7, 507
322

7. 655
7. 373
282

7,390
7, 1 43
247

7 654
7, 405
249

7 338
7, 106
233

7 782
7,496
286

7 45
7 163
290

7 390
7 093
297

7 675
7, 362
313

7 133
6, 842
290

__do

60, 061

64, 674

64, 151

62, 143

62, 216

64, 056

65, 184

67, 269

66 917

64, 913

64 215

66 077

69, 608

68, 668

do
do

11,239
28,952

12, 008
31, 160

11,214
30, 736

10,958
30 384

11,273
31, 443

12, 475
31, 527

13, 102
31, 197

13,418
32 285

13,354
32 092

12, 268
32 215

11 803
31 450

11 840
31 201

12, 073
r
3l 641

12,018
30 959

390
__do_ __
17,418
do
564
do
1,370
do
1
128
do. .-

393
18, 868
612
1.529
104

433
19. 616
620
1, 461
71

391
18, 308
574
1,443
84

363
17,006
540
1,489
103

355
17, 513
515
1, 564
106

350
18, 364
524
1 , 528
119

360
18, 978
566
1,535
128

347
18, 879
601
1,534
111

375
17,714
651
1,577
112

398
18 183
695
1 589
96

466
20, 145
730
1,605
88

447
22, 914
743
1,694
96

430
22, 756
669
1,739
97

Revenue from sales to ultimate customers (Edison
Electric Institute)^
mil. $._ 1,014.1 1,085.4 1,071.7 1,041.6 1,040.5 1, 079. 7 1, 102. 6 1, 125 9 1, 128 3 1,089 8 1 077 0 1 102 5 1 158 0 1 150 1

GAS
Manufactured and mixed gas (quarterly ):JcT
Customers, end of quarter, total 9
thous.Residential
_
do
Industrial and commercial
do
Sales to consumers, tota!9
Residential
Industrial and commercial

mil. therms- do
- __do

Revenue from sales to consumers, total 9
Residential
Industrial and commercial
Natural gas (quarterly) :td*
Customers, end of quarter, total 9
Residential
Industrial and commercial
_.
Sales to consumers, tota!9
Residential
Industrial and commercial

mil. $do -do

2,071
1,937
133

' 2, 030 ' 2, 087
' 1, 900 '1,951
'135
'129

2,056
1,924
131

1,987
1,862
124

1,988
1, 862
125

563
401
158

'585
'414
'167

'960
'743
208

484
324
'159

287
155
130

609
433
170

70.7
54.4
15.9

71.5
54.9
16.3

'113.9
'91.3
'21.9

'61.0
45 7
15.0

37.3
25 6
11.7

73.9
56 8
16.7

'32, 249
'29 656
2. 556

32, 290
29 728
2,524

33, 102
30 379
2 684

'22, 556
6,852
'14, 648

17,964
2,795
14, 030

25, 033
8 204
15 562

1, 362. 6
720 7
606.3

934.4
375 5
523.4

1 541 0
835 8
661 2

thous-- 31, 661 '32, 531 '32, 482
29, 093 '29, 891 '29, 802
do
2, 533 ' 2, 602 ' 2. 643
do

mil. therms -- 23, 397 '24, 828 '33. 757
7,894 ' 8, 407 '15, 777
do
_ _-do_ -- 14,272 '15, 197 '16. 548

Revenue from sales to consumers, total 9 -.mil. $. 1,424.7 '1,529.2 '2,279.0
787 8 ' 842 2 '1 437 0
Residential
do
595. 1 ' 645. 6 ' 791. 3
Industrial and commercial
do

FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
7.92
Production
_mil. bbl_.
Taxable withdrawals
do
7.42
Stocks, end of month.
do
10.61
Distilled spirits (total):
Production
mil. tax gal__ 15. 35
Consumption, apparent, for beverage purposes
mil. wine gal__ 20. 12
Taxable withdrawals
.mil. tax gal-- 10.04
Stocks, end of month
-_ do. _- 861. 48
Imports
mil. proof gal-3.25
Whisky:
Production—
mil. tax gal-- 12.13
Taxable withdrawals
do
7.08
Stocks, end of month
do
837. 84
Imports
_
mil. proof gal-2.87

8.07
7.60
10.46

8.30
7.33
10.66

12. 90

8.35
7.46
11.07

9.76
9.06
11.20

9.96
9.19
11.39

9.90
9.22
11.49

9.06
9.18
10.80

7.38
7.42
10.29

7.41
7.17
10.07

6.50
6.75
9.38

6.81
6.55
9.22

7.57
6.35
10.00

6.60
5.75
10.43

14.24

12.96

15.41

13.16

15.94

12.69

6.43

8.34

10.17

14.84

14.40

12.27

21.14
20.63
10.41
10.27
882. 72 886. 45
' 3. 60
3.07

18.64
9.38
885. 90
3.03

21. 15
10. 86
890. 60
3.55

20.43
10. 66
890. 21
2.90

18.67
8.29
886. 81
2.90

20.42
9.82
882. 85
3.28

19.40
10.70
879. 54
4.06

23.83
14.62
875. 83
5.29

26.71
12. 70
874. 62
5.45

29.83
8.61
876. 00
4.20

' 17. 77 17.00
8.69
8.37
879. 27 881.44

9.41
7.18
859. 13
3.18

12.10
7.30
862. 66
2.71

10.28
6.44
862. 36
2.70

12.13
7.03
867. 44
3.09

8.83
6.54
867. 55
2.55

3.42
5.02
864. 49
2.57

5.32
6.58
861.04
2. 88

6.16
7.82
856. 98
3.58

8.71
11. 06
851. 27
4.75

10.13
9.63
849. 18
4.81

9.68
6.33
850. 47
3.69

11.74
5.98
854. 33
2 29

10.47
6.10
856. 70
9 53

7.20
5.33

7.38
5.60

6.21
4.48

7.54
5.44

7.21
5.27

5.62
4.12

6.78
4.83

7.51
5.60

10.69
8.29

9.31
7.12

6.32
4.59

6.49
4.51

5 58
4.16

.37
.32
2.79
.09

.42
.25
2.67
.06

.35
2'. 76
.07

.49
.30
2.93
.08

.46
.26
3.10
.05

.16
.19
3.06
.06

.37
.25
3.15
.06

.32
.35
3.08
.09

.36
.50
2.91
.15

.30
.56
2.62
.16

.34
.49
2.43
.14

.33
26
2.48
.04

.48
19
2.75
.05

15.78
12.52
178. 89
1.08

2.53
14.33
172. 68
1.03

2.15
12. 10
164.42
1.06

2.64
11. 93
151.03
1.31

1.67
11.72
141. 87
.88

1.07
9.16
131. 76
.78

6.15
12.28
123. 99
.92

59.71
12.14
173. 62
1.01

86.89
15.02
241. 60
1.24

14.79
15.26
239. 38
1.60

5.66
12 95
224.60
1.29

3.85
12.78
214. 60
.52

3.41
12.19
201.05
.86

Distilling materials produced at wineries._.do
27.61
31.27
Revised.
* Beginning Mar. 1961, data include sales not prevl ously re sorted.
G Revisions for 1960-1901 are available upon reque<>t.
Includes data for Alaska and Hawaii.

1.43

1.70

1.58

Rectified spirits and wines, production, total
mil. proof gal. _
7.05
Whisky
do
5 32
Wines and distilling materials:
Effervescent wines:
Production
mil. wine gal-.34
Taxable withdrawals
_do
.31
Stocks, end of month
do
2.64
Imports
do
.08
Still wines:
Production
do -- 14.00
Taxable withdrawals.
do
12.98
Stocks, end of month
do
175. 82
Imports
do
.93
T




1.47
19.66 139. 50 144. 34
5.21
9.46
2.05
39.81
JRe vised 196 1 data by quarte rs will b 3 shown later. I)ata for nanufact ured and mixed
gas in ilude Ha waii (be§ginning 1960) ; for natural g as, Alasl:a (begin ning 1961 ).
d*T le avera ges show n for gas are qua "terly av erages.
9 Ineludes d£ita not silown separately.
2.56

SURVEY OF CURRENT BUSINESS

Max- 1963

Uniess otherwise stated, statistics through 1960
and descriotive notes are shown in the 1961
edition of BUSINESS STATISTICS

1961

1962

Monthly
average

S-27

1962
Mar.

Apr.

June

May

July

1963
Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

358. -2
. 587

FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS
Butter, creamery:
Production (factory) f
Stocks, cold storage, end of month
Price, wholesale, 92-score (N.Y.)
Cheese:
Production (factory) totalf
\merican whole milkj

mil Ib
do
$ per lb__

123.7
181.5
.612

128. 5
363.4
.594

150. 3
303. 1
. 609

147. 5
345.4
. 580

166. 7
386. 9
. 586

152.6
429.4
.584

122. 4
469.0
.588

104.3
456.4
. 590

92.4
423. 5
.596

106.7
384.2
.587

105. 3
344.8
. 590

116.4
318.7
.589

130. 5
310.9
.586

120. 6
328. 3
.586

134.0
r 345. 5
. 586

mil Ib
do

135.9
95.4

130. 9
91.2

127. 1
85. ()

139. 1
98.6

167. 5
126.4

168.0
126.5

145.5
107.3

131.0
93.8

118.9
82.7

119. 1
78.7

109. 2
70.2

117.2
73.2

115. 5
75. 7

109. 5
71.9

128. 6
84.9

429.8 r 463. 4
Stocks cold storage end of month, total
do
379. 5 ' 420. 4
\rnerican whole milk
_
do
6.5
6.3
Imports
do
Price, wholesale, American, single daisies (Chi.409
.400
cago)
-- - ___$perlb_.
Condensed and evaporated milk:
Production, case goods:t
6.4
5.8
Condensed (sweetened)
mil. Ib
160.3
176.5
FvTporated (unsweetened)
do
Stocks, manufacturers', case goods, end of mo.:
5.0
6.0
Condensed (sweetened)
mil. Ib
178.4
243.6
Fvaporated (unsweetened)
do
Exports:
4.0
3.9
Condensed (sweetened)
do
5.5
7.6
Fvaporated (unsweetened)
do
Price, manufacturers' average selling:
6.11
6.30
Evaporated (unsweetened)
_..$ per case-Fluid milk:
10, 454 10. 494
Production on farm si
mil. Ib
4,291
4,267
Utilization in mfd dairy productsc?
do
4. 11
4.22
Price, wholesale, U.S. average
$ per 100 lb__
Dry milk:
Production :t
6.7
6.8
Dry whole milk
mil. Ib
180.9
167.8
Nonfat dry milk (human food)
do _
Stocks, manufacturers', end of month:
6.3
6.4
Orv whole milk
do
123.4
136.6
Nonfat dry milk (human food)
do
Exports:
1.1
1.5
T)ry whole milk
do
25.5
21.0
Nonfat dry milk (human food)
do
Price, manufacturers' average selling, nonfat dry
.148
.154

417.2
367. 8
6.0

441. 0
390.8
6.4

460.1
416.2
7.8

497. 0
454. 5
6.1

526. 6
483.8
4.5

520. 5
481.8
5.1

493. 1
457.1
5.8

454. 9
421.4
5.6

438.8
398. 6
9.0

422.1
384.2
9.6

395. 9
359.2
3.8

360.0
325. 4
6.4

.402

.394

.392

.392

.392

.392

.392

.406

.408

.409

.418

4.4
149.4

5.2
177.3

8.3
225. 5

6.8
215.0

7.2
188.5

6.7
171. 5

5.9
140.3

7.8
143.0

7. 2
134.0

5.8
143. 0

4.3
64.4

6.2
95.8

6.2
163.0

3.7
221. 5

4.3
258.9

4.8
271.3

5.6
262.7

5.7
229. 1

6.5
174.2

4.2
4.6

.4
2.4

4.7
2.5

5.9
6.3

4.0
5.4

4.1
6.1

2.5
2.6

5.6
9.6

5.9
7.4

6.03

6.02

GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats, rye, wheat) .. _mil. bu_.
Barley:
Stocks (domestic), end of quarter, total

do

Off farms
Exports including
roalt§
Prices, wholesale (Minneapolis) :
No 2 malting
No. 3* straight

do
do
$ per bu
do

96.9

90.5

Stocks (domestic) end of quarter total
On farms
Off farms
Exports, including oatmeal ._
Price, wholesale, No. 3, white (Chicago)

.424

.425

5.0
135.8

4.5
123.0

6.3
145. 2

4.5
141.4

4.9
120. 2

5.1
93.0

5.3
59.7

3.6
2.6

3.4
2.2

3.2
2.6

4.0
4.6

6.05

6.05

6.05

6.05

6.03

6.03

6.02

9,740
3,674
'4.35

9, 345
3,541
4. 40

9,813
3, 859
* 4. 30

10. 043
4.147
4.24

9,470
3, 850
4.17

10,907
4,349
r
4. 05

4.7
182.1

5. 5
148.4

6.0
127.5

5.9
136.0

6.8
140.5

7.1
167.4

8.7
171.5

8.0
165. 4

6.9
190. 4

7.7
168. 8

7.6
142.2

5.5
118.7

4.2
107.2

4.9
86.4

4.6
83.5

5.1
99.0

7.0
96.6

6.8
92.0

5.4
86.0

1.0
25.2

2.3
31.6

.6
30.0

1.9
20.9

1.3
22.6

1.8
20.8

.2
25.3

.9
29.7

2.2
8.9

15.5
24.2

3.7
63.7

.147

.143

.142

.142

.142

.143

.143

.144

.144

. 144

.144

.144

101.3

129.1

111.2

86.2

90.3

87.9

74.0

83.1

97.8

34.7

99.4

106.8

6.4
203.8

7.5
214.3

9.7
253. 0

7.7
236. 5

6.1
128.2

7. 1
130.8

7.4
155. 9

.4
40.5

1.5
18.9

.161
104.5

2292.8
2155 0
2 137. 8
5.4

217.0
99.2
117.8
8.5

9.2

16.6

3123.7
3
48.0
a 75. 8
10.4

4.7

5.3

449 1
277 3
171 7
6.6

9.9

1.31
1.23

1.26
1.20

1.39
1.33

1.34
1.28

1.26
1.21

1.22
1.18

1.19
1.14

1.16
1.09

1.13
1.07

1.20
1.13

3, 644
14.3

14.7

14.9

14.8

14.8

14.2

15.7

13.9

15.3

33.4

32.8

31,640
3 565
31,074
22.9

24.9

1.12
1.10

1.10
1.07

1.11
1.09

1.10
1.10

3, 385
2,149
1,236
37.4

36.3

42.1

2 473
1.549
924
39.4

1.11
1.06

1.12
1.08

1.15
1.11

1.14
1.11

T

6.6

343 0
212.3
' 130. 7
7 2

4.3

4.7

232.5
129.1
103. 3
3.2

1.20
1.14

1.17
1.12

1.18
1.12

1.18
1.12

1.20
1.14

14.1

12.9

13.9

13.0

15.5

r

41.8

4 224
2,972
1, 252
35.5

12.2

33.1

3 040
2,002
1,038
36.5

1.07
1.06

1.12
1.14

1.18
1.18

1.19
1.17

1.22
1.16

r

11.149
•p 3. 87

1.22
1.14

1.20
1.14

mil. bu._ U,011 i 1, 032
do
do
do
do
$perbu_.

Kice:
Production (crop estimate)
mil. bags 9-California mills:
Receipts, domestic, rough
mil. Ib
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.
_
millb..
Exports
- -- - - -.
do
Price, wholesale, Nato, No. 2 (N.O.)
$ per lb._

2657
2576
281

2632
2558
274

978
869
109

3277
3 229
348

495
432
63

778
701
77

494
432
62

1.7

2.5

.2

.2

4.6

6.4

2.2

5.1

5.0

2.6

2.5

.7

1.5

.7

4.67

.69

.70

.72

.73

.69

.65

.64

.67

.65

.72

.77

.75

.76

154.2

164.5

110
71

126
79

162
110

121
110

100
68

73
80

74
37

68
53

57
43

177
39

157
76

118
56

189
138

140
146

1.0
(5)

.73

154
90

165
140

104

97

119

92

90

56

67

45

35

111

140

167

165

128

152

128

317
209

364
255

100
282

54
222

25
212

30
187

22
207

437
179

1,267
269

1,272
345

494
342

274
258

152
213

218
334

206
291

142
239

826
148
4086

866
193
.094

905
238
.098

732
231
.098

550
223
.098

391
183
.098

208
145
. 096

321
86
.088

885
133
.088

1,383
185
.090

1,374
211
.090

1,303
214
. 095

1, 196
201
r
. 098

1,015
255
p. 098

870
352

729

Rye:
127
5
i 41 2
Production (crop estimate)
mil bu
2
21.0 2 19.9
Stocks (domestic), end of quarter, total
do
14.7
1.22
1.25
1.25
Price, wholesale, No. 2 ( Minneapolis) .-_$ per bu.. *1.20
1.2l
r
Revised.
» Preliminary.
1
2
Crop estimate for the year.
Quarterly average.
3
Old crop only; new crop not reported until beginning of new crop year (July for barley,
oats, rye, and 3wheat; Oct. for corn).
* Average based on months for which quotations are
available.
No quotation.




.422

9, 636
3,370
4.22

6.07
12, 429
5, 609
3.76

* 429. 5

Stocks (domestic), end of quarter, total
2
mil. bu._ 2 3, 246 2 2, 930
21,783
1, 809
2 1.463 * 1, 122
Off farms
do
24.5
35.5
Exports including meal and
flour
do
Prices, wholesale:
1.11
1.11
No 3 yellow (Chicago)
$ per bu
1.06
1.08
Weighted avg., 5 markets, all grades
do

351 . 0
313. 5

G.03

6.16
11,232
4. 809
'3.90

'2 283. 2
2
159. 2
r
2 124. 0
8.3

1

* 343. 4
309. 3

r

11,926 10,912 10, 191
5, 275
3,797
4,349
' 3. 72 ' 3. 87 '4.04

6.28
10, 994
4. 684
'4.19

* 395. 7

Corn:
Production (crop estimate, grain only)._mil. b u _ _ 1 3, 626
13.1
GrJndings wet process
do

Oats:
Production (crop estimate)

T
r

3

r
15.4
23 8
1.26
1.23
1.23
1.27
1.25
1.19
1.16
JRevisions for 1960 appear in the Oct. 1961 SURVEY; those for Jan .-May 1961 arc available
upon request.
f Beginning Jan. 1960, includes data for Alaska and Hawaii,
c?Revisions for Jan. 1955-Sept. 1960 are available upon request.
§Excludes a small amount of pearl barley.
9 Bags of 100 Ib.

79
1.24

1. 16

1.14

33 4
1.17

SURVEY OF CURRENT BUSINESS

S-28
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1961 I 1962

Monthly
average

May 1963

1962
Mar.

Apr.

May

June

July

1963

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

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)
Stocks (domestic) end of Quarter total
On farms
Off farms
Exports total including
Wheat only

flour

mil b u _ _
do
do
do

1, 235
U60
1 1,075
2332

1,092
1275
1816
* 2 315

342

r

254

317

1,818
317
' 1, 500

1 503
196
1.307

326

339
3

r

2 1, 854
do _
2305
do__ _
2 1, 549
do

2 1,2 709
260
2
1, 449

1,642
212
1,430

58.2
52.4

49.2
43.0

58.2
49.9

55.4
49.2

64.5
57.2

53.4
48.1

43.3
37.7

46.0
40.6

49.2
44.6

34.7
30.1

31 5
27.9

52.9
47.9

16.0
14.1

58.3
51.5

64.8
55.1

2.48
2.19
2. 07
2.41

2.44
2.12
(5)
2.39

2.46
2.13
(5)
2.41

2.50
2.17
(5)
2.43

2.50
2.19
2 12
2.33

2.52
2.22
2.13
2.32

2.42
2.25
2.07
2.39

2.44
2.23
(5)
2.45

2.49
2.19
(6)
2.48

2.53
2.31
(5)
2 50

2.49
2.28
(5)
2.48

2.50
()
2.47

2.52
2.30
(5)
2.47

2.47
2.33
2.17
2.45

21,839
92.4
406
49, 613

23, 165
95.1
430
52, 606

20, 421
87.8
378
46, 225

21,175
87.1
396
48, 021

20, 125
86 9
375
45, 677

20,334
88.2
378
46, 130

23, 207
91.9
433
52, 865

21, 254
101.6
396
48, 371

23, 807
94.0
443
54, 140

22,744
98 4
4^1
51 743

20. 584
93.0
380
46, 626

22,091
90.8
410
50, 194

20, 676
95.3
381
46, 962

22 ^72
97.5
409
50. 496

2 4, 584
2,686

4,877
3,647

2,704

3,204

4,290
2,315

2,428

2,334

4,378
2,017

2,023

1 570

4.789
2,150

844

2,953

5 116
4,196

5.909
5.621

5.688
5.350

5.775
5.483

5.900
5.633

5 938
5.683

6.113
5.817

6.175
5.933

6.113
5.850

6.063
5.750

6 000
5 767

5.863
5.650

' 5. 763 p 5. 828
5.483 P 5. 547

417
1,664
1.221
528

415
1,695
1,179
595

461
1,649
1,013
334

383
1,522
1,130
421

398
1.766
1,134
432

342
1,718
997
270

367
1, 765
1,167
259

434
1,870
1,288
592

424
1, 654
1,152
893

517
1,898
1,605
1,574

456
1,686
1,254
1,164

381
1,562
1,115
552

431
1,795
6 1, 150
338

24.46
23.30
30.17

27.20
24.53
29.75

26. 65
24. 56
35. 50

26. SO
25. 11
30.00

25.62
24.18
29.00

24.91
23.23
28.00

26.12
23.75
27.00

27.88
23.91
27.50

29.63
25.21
27.50

29.29
25. 38
26.50

29.89
25.79
27.00

28.59
25.18
30.00

5, 469
1,586

5,648
1,621

6, 225
1.614

5, 672
1,680

5.800
1,721

5, 041
1,498

4.699
1,424

5,214
1,507

4,737
1,279

6,643
1,911

6,376
1,819

5.954
1,686

6,333
e 1, 820

16.71

16.44

15.97

15. 66

15. 25

16.23

17.24

17.68

18.46

16.69

16.34

15.80

16.6

15.3

16.5

'15.7

14.9

15.6

16.2

17.1

17.5

16.1

17.3

15.7

1,253
550
253

1,224
497
224

1,227
441
131

1,173
467
100

1,197
527
189

1 062
411
184

1,170
470
151

1,254
528
293

1,272
589
425

1,472
676
523

1,215
454
215

1,098
397
140

17.07
14.99

19. 45
* 15. 57

17.38
15.38

17.62
15.30

21.75
23. 50
21.75
« 16. 00 M6.00
(5)

19.50
20. 50
16. 40 « 16. 56

19.00
15.70

18.75
15.82

19.25
(5)

2,116

2,150

2,233

2,068

2,261

2,087

2,025

2,135

1,895

2,423

2,265

2,146

2,383

2,062

2 323

460
77
80

481
78
109

552
73
137

579
82
91

585
87
80

512
119
98

444
81
99

400
71
145

359
76
130

389
64
117

463
91
119

506
51
122

502
40

557
87

637
53

do__ _
- --do_ _.

Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
2.28
$ per bu__
2.04
No.2,hd.anddk.hd.winter(Kans. City) .do
*
1.97
No 2 red winter (St Louis)
do
2.25
Weiehted a vg 6 markets all grades
do._ _
Wheat flour:
Production:
Flour
thous. sacks (100 lb.)._ 21, 693
93.3
Opprations percent of capacity
405
Offal
thous sh tons
Grin dines of wheat
thous b u _ _ 49, 333
Stocks held by mills, end of quarter
24,703
thous sacks (100 Ib )
2,512
Exports
do
Prices, wholesale:
Spring, standard patent (Minneapolis)
5.520
SperlOOlb
Winter hard 95% patent (Kans City) -do_. _ 5.166

4

3

2,071
407
1,664

1,305
3
102
1 ^02

5

2.46
2.37
(5)
2.44

LIVESTOCK
Cattle and calves:
Slaughter (federally inspected) :
Calves
thous. animals...
Cattle
do
Receipts (salable") at 25 pubfic markets!
do
Shipments feeder to 8 corn -belt States
do_
Prices, wholesale:'
Beef stoers (Chicago)
__
SperlOOlb
Steers, stocker and feeder (Kansas City)._do
Calves vealers (Natl Stockyards, Ill.)_ do- Hoes:
Slaughter (federally inspected) thous. animals...
Receipts (salable) at 25 public marketsf
do
Prices:
Wholesale, average, all grades (Chicago)
$ per 100 IK _
Hoe-corn price ratio (bu. of corn equal in value
t o l O O l b live hog)
Sheep and lambs:
Slaughter (federally inspected) thous. animals
Receipts (salable) at 25 public marketsf
do
Shipments, feeder, to 8 corn-belt States
do
Prices, wholesale:
Lambs average (Chicago)
_ $ per 100 Ib
Lambs, feeder, good and choice (Omaha) _ d o - _ _

0

361
1,559
952
234

410
1,694
996
350

1,196

26.90
24.69
24.53
23.89
33. 00 P32.01

23. 30
23.45

23.51
24.12

5,665
1, 555

6. 559
1,686

1,797

15.35

14.85

13.78

13.52

15.0

14.0

12.9

12.6

1,317
5485
192

1,053
381
84

1 137
390
98

396

19.25
18.50
° 17. 97 » 17. 44

18 75
* 17. 46

18. 25
«17.50

r

MEATS AND LARD
Total meats:
Production (carcass weight, leaf lard in), Inspected
slaughter
_ _- _. mil. Ib
Stocks (excluding lard), cold storage, end of
month
mil. Ib
Exports (Including lard)
do
Imports (excluding lard)
.do

689

Beef and veal:
1,051.0 1, 046. 6 1,038.7
960.5 1,110.1 1 075 3 1 081 4 1 120 8 988.3 1, 145. 1 1, 019. 3
Production, inspected slaughter _
_ do
975.0 1 134.8 989 5 1 084 0
175.5 * 163. 6
170.9
180.3
180.6
148.7
150.9 r 157 8
201 9
Stocks, cold storage, end of month
do
176 9
129 6
128 1
188 8 r 9Q1 6
143 1
196 9
2.5
9 l
2.3
2.8
1.9
2.0
2.3
2 0
2.3
Exports
do
1 9
2 6
2 4
2 6
2 0
19
55.4
79.0
89.2
97.8
61.3
103.6
51.4
Imports
_ _ _ _ _
_
do _
56.9
69.1
86.1
88.7
73 2
113.3
98 9
Price, wholesale, beef, fresh, steer carcasses, choice
.427
.464
.452
.455
.489
.502
.444
(600-700 Ibs.) (New York)
$perlb_
.487
.482
.463
.440
.478
.443
.437
.408
.408
Lamb and mutton:
59.6
57.9
61.0
57.4
57.3
56.4
58.2
Production, inspected slaughter
mil. lb_
52.9
67 3
56 8
53 2
48 0
53 1
65 6
57
0
r
19.9
14.3
11.0
18.3
18.5
17.9
10.2
Stocks, cold storage, end of month
do___
15.3
9.6
14.7
13.4
11.8
11.8
23.7
21.0
22. 8
Pork (including lard), production, inspected slaughter
.
mil. lb_ 1, 005. 0 1, 045. 6 1, 132. 8 1,049.7 1,094.1
849.0 1,210.8 1, 188. 7 1, 118.0 1, 182. 3 1 019 6 1 182 5
890 1
963.3
957.8
Pork (excluding lard):
763.1 r 805.2
877.7
808.1
913 9
838. 5
Production, Inspected slaughter _
_
do
665 0 r 936 0
680 5
859 2
740 5
731 4
918 0
924 7
798 8
235. 9
315.9
279.7
338.5
Stocks, cold storage, end of month
d o _ _ _ ' 203. 4
211.8
138 5
233 6 '181 8
295.1
229 5
161 3
249 0
378 4
275 4 r 332 6
r 7 g
5.3
5.7
4.6
4.3
5.2
6 8
36
6 3
Exports
do
5 1
7 3
6 7
5 4
10 8
14 1
14.5
17.0
16.2
19.2
16.0
Imports
do _ _
14.4
19.1
18.7
16 4
13 0
17 6
16 4
17.8
20 4
Prices, wholesale:
.471
7.491
.495
.488
Hams, smoked, composite
$ per lb_
.465
.493
.518
.493
.470
.467
492
531
P 468
480
.479
.475
.429
.450
.425
Fresh loins, 8-12 Ib. average (New York)_do___
.552
.463
.462
.503
.493
.520
.447
.456
.380
.396
.426
Lard:
176. 5
175.3
Production, inspected slaughter
__mil. lb_
185.3
176.0
186.1
158.2
200 7
153.3
168.8
188 3
201.2
134.1
161 1
192 1
186 7
98.9
120.4
Stocks, dry and cold storage, end of mo d o _ _ _
104.5
123.3
109.2
103. 5
96.7
77.3
128.4
73.1
72.7
93.3
148.2
146.2
167.8
34.7
35.2
42.4
Exports __ _ _ _ --_ - _ _
_
do _
33.6
50.5
24.8
34 5
38 2
49 4
33 6
15 9
20 9
19 1
37 6
40 5
.133
Price, wholesale, refined (Chicago)
$ per lb_
.125
.128
.120
.123
.125
.120
.133
.120
.136
.131
.121
P. 120
.116
' Revised.
J> Preliminary. 2
0 Beginning Jan. 1963, data are for 27 public markets.
i Crop estimate for the year.
Quarterly average.
? Beginning Feb. 1962, prices not strictly comparable with those for earlier periods;
3
Old crop only; new grain not reported until beginning of new crop
year
(July
for
wheat).
monthly
average based on 11 months (Feb.-Dec.).
fRevised series.
° Choice only.
6
* Average based on months for which quotations are available.
No quotation.




SURVEY OF CUERENT BUSINESS

May 1963
1961

Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1962

Monthly
average

S-29

1962
Mar,

Apr.

May

June

July

1963

Aug.

Sept.

Oct.

Nov.

Jan.

Dec.

Feb.

Mar.

Apr.

FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
POULTRY AND EGGS
Poultry:
Slaughter (commercial production) t
mil. lb__
Stocks, cold storage (frozen), end of month, total
mil.lbTurkeys
_
do
Price, in Georgia producing area, live broilers
$ per lb__
Eggs:
Production on farms
mil casesO
Stocks, cold storage, end of month:
Shell
thous. casesO__
Frozen
__
mil. lb__
Price, wholesale, extras, large (delivered; Chicago)
$ per doz._

593

582

456

481

580

573

572

667

658

839

734

562

538

416

454

322
192

306
199

293
191

253
156

220
132

205
121

210
123

251
160

331
233

448
340

386
265

335
203

328
198

291
176

'251
153

210
117

.136

'.133

'.143

'.149

'.154

'.142

'.132

'.141

.138

.153

.147

.145

r

.132

'.144

'•.152

'-.138

14.3

14.5

15 9

15.6

15 8

14 6

14 4

13 9

13 4

14 0

13 9

14 5

a 14 4

13 4

15 8

15 7

162
81

186
82

56
48

52
60

'319
85

397
111

343
122

250
120

227
113

236
98

162
77

117
61

64
47

'29
38

'51
'38

52
59

.355

.334

.310

.306

.269

.266

.280

.343

.416

.377

.394

.367

.354

.370

.346

.299

28 7
.227

23.8
.208

25.1
.213

35.7
.208

28 9
.224

37 0
.208

39 0
.205

22 9
.203

8.0
.200

10 0
.201

11 6
.209

14 7
.210

16 6
.230

46 8
.251

.239

.255

3, 034 i1 3, 355
5, 574 5, 669

3,029
6,088

1,861
714

2,041
758

1,835

.363
103

.344
105

. 345
110

184

180
1,455

MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
Imports (incl shells)
thous Ig. tons
Price, wholesale, Accra (New York)
$ per lb._
Coffee (green):
Inventories (roasters', importers', dealers'), end
of quarter
thous. bags d"—
Roastings (green weight), quarterly total do
Imports, total
do
From Brazil__ __
do _
Price, wholesale, Santos, No. 4 (New York)
$ per lb._
Confectionery, manufacturers' sales
mil $
Fish:
Stocks, cold storage, end of month
mil. lb__
Sugar :
Cuban stocks, raw, end of month
thous. Spanish tons__
United States:
Deliveries and supply (raw basis):
Production and receipts:
Production .
__thous. sh. tons
Entries from off-shore, total 9
do
Hawaii and Puerto Rico
do
Deliveries total
do
For domestic consumption
do
For export and livestock feed _
do
Stocks, raw and refined, end of month. do
Exports, raw and refined
sh. tons .
ImportsRaw sugar, total 9-thous. sh. tons__
From Republic of the Philippines
do
Refined sugar, total
do
Prices (New York) :
Raw, wholesale..
_
...$ p e r l b _ _
Refined:
Retail^
__ $ p e r 5 1 b
Wholesale (excl excise tax)
$ per Ib
Tea, imports

thous. Ib.

Baking or frying fats (incl. shortening):
Production
mil Ib
Stocks (producers' and warehouse), end of month
mil. lb_.
Salad or cooking oils:
Production
..
do
Stocks (producers' and warehouse), end of month
mil. Ib—
Margarine:
Production
_ do
Stocks (producers' and warehouse), end of month
mil. lb__
Price, wholesale (colored; mfr, to wholesaler or
large retailer; delivered)
$ per Ib—

1
1

3,075

'

693

2,074
725

2,075
569

2 281

940

2 530
1,135

1 241
434

2 238
851

2 157
858

.348
69

.348
95

.340
141

.340
143

.338
134

.340
106

.340
114

.338
110

.335
106

.335

157

185

206

218

219

228

231

202

175

'154

158

2,458

1,479

934

609

449

324

200

175

975

1,405

1,690

122

629

928

829

351
1 558
83

149
820
133

409
175

745
835
737
898
8
7
2,257 ' 2, 101

p 1,816
241

1,550

731

523

.345
94

.350
79

.348
73

123

125

137

2,591

'2,971

2,458

1,859

635

1,679

580

265
528
169

273

550
166

600
205

654
164

605
262

440
272

863
277

967
256

679
129

808
801

821
813
8

848
841
8

706
696
10

833
824
9

900
952
8

892
883
9

1 078
1 067

1,315
194

860
850
10

833
827
5

778
773
5

898
336

836
555

1, 185
201

1, 893
268

469
204
14

308
137
9

400
71
15

429
38
17

47

93

39

3,565
6,023

3,964
6 080

1 990

2 Oil

682

3,376
5,202

3,050
5,307

56

46

71

12

528
100

144
79

105
39

293

291

602
598
4
2.127
137

481
58
20

338
99
87

157
2
5

365
86
15

.066

.064

.065

.067

.068

. 570
.090

.573
.090

.574

090

. 575
093

586
P 093

10, 725

10, 128

12, 536

7,275

12, 202

221.2

253.4

241 6

197 9

211 2

207 0

198 7

198. 4

187.2

182.1

167.9

180.7

171.4

167.2

1, 716
510

1,598
259

1. 735
134

1,740
194

1,624
225

1,567
270

338
106
14

359
102
25

298
73
8

316
136
26

494
186
17

363
136
53

.063

.065

.064

.065

.064

.065

.064

.066

.063

.570
.087

.569
.089

. 574
.088

.564
.089

.565
.089

. 565
.089

. 565
.089

566

089

.569
.090

9,111

10, 808

10, 800

11,782

12, 747

8,019

11,303

10, 245

10, 825

204.7

223.8

214.4

231.7

230 8

227.4

189.0

242.9

116.9

173. 8

142.7

155.8

177.9

217.3

201.1

199.5

177.0

211.2

235.8

228.4

234.9

254.6

230.9

206.1

191.9

191.2

189 0

194 7

176 6

205 0

225 2

154.2

245.0

223.5

242.4

254.3

272.8

264.1

253.8

244.0

240.2

248.6

274.4

325. 0

281.5

201.6

143.6

143.8

142.9

135. 9

136.1

129.6

125.9

140. 1

137.0

165.1

155.9

157 0

173 9

148 0

141 0

38.3

39.0

38.3

37.3

39.9

42.7

39.3

38.0

38.5

37.8

40.3

39.3

49.0

52 4

59 4

.268

.256

.270

.270

.270

.258

.246

.246

.245

.245

.245

.238

.238

p. 238

36.7
28.4

33.4
29.5

38.9
37.5

32.2
30.1

35.7
31 9

34.5
30 0

32.4
23 1

38.5
26 0

42.5
28 3

r

.068

.083

FATS, OILS, AND RELATED PRODUCTS
Animal and fish fats: A
Tallow, edible:
35.8
36.2
Production (quantities rendered)
mil. Ib
33.3
35.5
40.8
30.7
31.4
Consumption in end products
_ _
do
30.5
28.6
32 9
Stocks (factory and warehouse), end of month
25.7
26.8
24.2
23.5
26.5
mil. lb—
Tallow and grease (except wool), inedible:
287.8
Production (quantities rendered)
do__
296.2
274.7
305. 6
287.0
150.6
Consumption in end products
do
144.8
148.4
153. 3
170.9
Stocks (factory and warehouse), end of month
384.6
412.3
358.2
425.0
mil. lb._ 369.4
Fish and marine mammal oils:
Production _
do
20.3
4.9
31 1
21.5
.3
8.2
Consumption in end products
_do
8.3
9.0
9.3
8.4
Stocks (factory and warehouse), end of month
144.0
98.3
130.2
101.7
mil. lb- 123.7
f
Revised, v Preliminary.
° Beginning Jan. 1963. includes data for Alaska and Hawaii.
1
2
Quarterly average.
Beginning March 1963, includes General Services Administration
stocks no longer required for the strategic stockpile; not comparable with earlier data.
^Revisions for Jan.-Aug. 1960 are shown in the Oct. 1961 SURVEY.




41.1
29 7

29.0

30.3

24.3

20.8

21.7

24.1

33.0

37.7

43.3

46.9

288.5
164.3

274.6
120.3

295.4
166.6

259.6
152.7

297.9
158.1

295 7
138.5

269 4
140.1

305 9
161.8

291 0
151.1

307 7
146.4

340.4

381.2

366.0

364.6

370.6

396.8

396.7

475.0

430.0

434. 3

51.8

45.1

32 5

29.7

38 3
7 9

7 7
83

6

4
83

3
7 4

4
6 9

9.3

148.2

7.6

7.8

7.5

7 8

166.7
161.9
149.7
170.4
178.2
182.4
166.3 ' 163. 5 2 156. 0
©Cases of 30 dozen. tfBags of 132.276 Ib.
9 Includes data not shown separately. § Price for New York and Northeastern New
Jersey.
AFor data on lard, see p. S-28.

SURVEY OF CURRENT BUSINESS

S-30

1962

1961

Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

Monthly
average

Mav

1962
Mar.

Apr.

May

June

July

1963

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS, AND RELATED
PRODUCTS— Continued
Vegetable oils and related products:
Vegetable oils (total crude and refined):
Exports
_
__ . _.mll. lb__
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. lb__
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.lb_-

82.6
49.4

186.1
53.9

141.0
51.0

215.4
41.0

234.0
38.6

162.1
57.1

124.2
55,5

71.6
70.9

126.4
72.2

i 35. 8
44.3
57.5

41.5
46.9
61.7

31.9
45.8
61.6

28.0
47.0
60.0

(2)
45.5
62.1

35.6
36.0
49.3

30.1
48.5
64.7

37.7
47.0
58.0

44.3
45.5
61.2

43.1
45.6
54.7

313.6
13.6

243.4

285. 6
15.3

269.9

22.1

245.0

218.8
16.0

220.6

209.4

26.1

206.1
15.5

203.2

19.0

38.2

28.0
26.8
26.4

30.4
29.3
26.6

31.5
26.6
24.0

31.3
28.7
24.1

32.3
29. 5
26.7

32.0
26.8
28.9

30.3
28.4
27.1

33.3
34.8
32.1

29.6
28.9
28.5

34.6

48.7

49.5

54.1

55.9

51.9

52.1

49.5

204.0

222.5

242.5
123.4

192.1
156. 9

130.9
164.0

99.9
155.7

85.2
133.9

41.6
38.6
54.4

Cottonseed cake and meal:
Production
thous. sh. tons
Stocks (at oil mills) , end of month
__ .do.
Cottonseed oil:
Production:
Crude
- -- mil.lb.
Refined
. __ do
Consumption in end products
_ _ do __
Stocks, crude and refined (factory and warehouse) ,
end of month
__
._
- mil. Ib
Price wholesale (drums* N Y )
$ perlb

T

108. 4

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
_ _ _ t h o u s . sh. tons._
Stocks (at oil mills), end of month
do
Soybean oil:
Production:
Crude
mil Ib
Refined
do _ _
Consumption in end products
do
Stocks, crude and refined (factory and warehouse),
end of month
mil Ib
Price wholesale (refined ; N.Y.)
$ per Ib
Leaf:

141.4
55,1

92.6
47.2

118.1

17.9

15. 5

77.0

66.6

230.1

43.8
51.2

38 7
42.4
54.8

23 4
42 3
54.0

21 0
45.0
59.6

219.6
31.3

242.8
41.4

240.5
45.3

254. 9
37.7

255.3

32.2
32.4
29.6

30.3
32.1
26.6

26.3
31.8
28.7

31.0
30.0
24.1

27.3
30.9
27.4

33.1
30.0
26.9

49.4

48.8

50.5

44.4

49.3

46.1

48.6

103.2
94.2

237.9

348. 3
92.9

362.9

300.0
98.5

322.1 ' 292. 1
105.2 r 122. 6

254.7

99.5

99.2

137.5
71.9
(2)

r

148.8

149.5
125.5
110.7

161.5
132.4
108.8

182.0
162. 0
117.9

146.3
142.9
121.5

98.2
117.4
112.2

74.9
91.4
107.8

63.7
72.8
98.0

75.1
77.8
107.6

167. 2
113.3
104.1

243.9

255.4

147.6
115.9

175.3
103.4

211.4
162.5
101.2

228.3
171.4
104.3

206. 3
162 7
96.1

182.6
165. 1
98.0

335.8

419.6
.167

477.5

324.4

270.7

379.5

.171

401.5
.169

296.2

.179

513. 4
.176

458.4

.186

460.8

. 151

529.9
.151

598.1 »• 656. 0

668.6

35.5
31.8

31.8
31.5

30.6
32. 9

31.7
34.8

23.3
35.4

20.9
36.0

1 03. 0
.142

112.5
.142

137.0
.152

135.3
. 152

121.2
.151

778.4

867.8

86.5

899.1
91.2

840.3

407.4
338.9
340.6

422.7

397.4

288. 7

351.7

347.9

340.5

704. 5
. 157

791.6
.133

956. 4
. 142

924.6

147.2

370.2
299.4

96.0

318.1

. 161

. 158

.155

14.3
35. 1

27 1
35 2

44.8
31.7

49.0
31.4

39.9
27.4

105.4
.147

79.3
.145

73 2
.138

83.8
.131

99.7
.126

891.4
101.8

794. 0
88.0

807.7

799. 0
72 9

709. 2
85.1

352. 7
352. 1

425.4

376.6
364.9
378.7

383.9

379.7
339.9
342.8

930.4

808.8

763.3

.128

. 141

.133

.165

r. 153

•p. 152

33.8
25.6

39.1
28.6

30 9
28.0

36. 6
30.8

116.6
.129

123.4
.127

130.9
.127

132. 4
p. 127

133.7

914.8
68.3

988.2
64.4

981.9
88.8

987.2

893.3

960.0

334. 4
318. 1
331.7

428.6
369.0

452.3
355.2
344.2

450. 4
329.6
320 2

456.2
348.8
328.0

607. 0
.123

581.3
.130

629.8

r

.129

718.1
.128

703.6

.122

686. 7
.125

6,484

91.2

314.5
337. 0

365. 1

99.3

.134

78.7

123.3

413.1
315.0

451. 5

326.5

822. 0
p. 133

362.6
341. 6

812.0

TOBACCO

Stocks, dealers' and manufacturers', end of quarter total
mil Ib
Exports incl scrap and stems
thous Ib
Imports incl scrap and stems
do
Manufactured:
Production (smoking, chewing, snuff).
do ...
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt
millions
Taxable
_
do
Cigars (large) taxable
do
Manufactured tobacco taxable
thous Ib
Exnorf.s. p.iVarpttes
_. .
millions...

3

2, 061 r » 2, 309
r4

41,750
13,870

13, 951

' 4, 751
28, 491 30, 767
13, 773 13, 945

29. 215
15, 054

4, 331
38. 835
12. 410

34, 625
12, 072

34,932
14,123

12, 785

45, 907
14, 830

52,993
18,187

5,099
52, 588
10, 335

15, 172

30, 926
13, 834

14,428

14, 066

14, 773

13,988

15, 033

14.094

12.346

15, 926

13, 367

16, 499

14.337

11,212

14, 236

13, 093

3. 296
40, 677
531

3,422
41,205

42,615

3,225

3,537

3, 245
40, 466
515
13, 333
2,188

3,221
45, 461
622

3,661
42, 546
662

1.217

2, 155

3, 514
34. 734
336
11,953
2,451

2,417
43, 467
494
13, 903
581

37, 969
452
12, 503
2,148

39, 555
475

2,097

3, 208
39, 377
520
12, 706
1,902

3,625

2,007

41, 294
535
14, 200
2. 119

47, 303
596
15, 031

1,851

3, 725
45, 094
623
14, 646
1,880

7.677
161
734

*4, 580

14,123

4, 696

39,073

530
13, 770

3, 528

513
14, 085

38, 592
510
13, 849
2,166

2,062

4, 605

77,051

15,711

13,863

3,338

5,067
36,027
13, 285

3,428

12,942
2.043

LEATHER AND PRODUCTS
HIDES AND SKINS
Kxports:
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
Goat and kid skins
_ do
Prices, wholesale (f.o.b. shipping point):
Calfskins packer heavy 9^/15 Ib
$ perlb
Hides steer heavv native over 53 Ib
do

7,179
209
637

6, 909
171
593

6,304
237
515

5, 677
212
452

6,957
184
572

7,944
180
605

7,518
116
690

8. 506
135
773

6,746
217
582

6,843
171
581

7,504
184
672

5,510
125
530

3.961
39
382

7,104
190
625

5,357
2,325
1. 228

5, 539
2,290
1,198

9, 111
5,853
1,463

6, 035
1,687
1,512

7,067
3.386
1,202

6,021
2,782
1,278

4,921
1,115
982

5,172
2,070
1.375

3,979
1,159
913

4,398
2, 052
954

3, 492
1.103
992

3, 361
823
989

2,217
442
897

6, 153
2,546
1,782

p .631
v . 150

P. 623
P. 152

.700
.138

.650
.143

.650
.158

.625
.163

. 575
.153

.600
. 158

.625
.168

.575
.163

.550
.153

.550
.138

.500
.133

p. 475
p. 110

489
1,913
1,133
2,330

505
1,852
1,100
2,421

472
1,999
1,211
2,806

513
1,882
1,241
2,643

380
1,533
1,133
1, 992

537
1,994
967
2,809

452
1, 795
1,049
2,435

531
2,090
1,334
2,855

532
1,915
1,257
2. 855

472
515
458
1.725 ' 1, 860 1,722
1,134 r 1, 395
1,110
2,427
2,714
2,923

2,951
3,232

3,557
3,113

3, 506
2,499

3,950
3,387

2,249
2,933

2,828
3,105

3, 698
2,930

4,196
2,284

3,879
2.873

4,615
3,893

.680

710

.710

710

.710

717

717

LEATHER
Production:
533
498
Calf and whole kip _.
thous, skins
Cattle hide and side kip thous. hides and kips__ 1,895
),878
1,162
1,239
Goat and kid
thous skins
2,658 2, 550
Sheep and lamb
do
Exports:
5,244 3,502
Glove and garment leather
thous. sq. ft
4,291 3,019
Upper and lining leather
do
Prices, wholesale:
Sole bends light f o b tannery
$ per Ib
p 707 f> 711
Upper, chrome calf, B and C grades, f.o.b. tannery.
_
$ per sq. ft_. p 1. 401 p 1.326
r
Revised.
P
Preliminary.
1
Average based on reported annual
total. 2 Not available.
8
Crop estimate for the year. 4 Quarterly average.




713

.717

720

1.330

1.323

1.357

1.333
1.337
1.260
1.350
1.220
1.337
1.307
^Data formerly shown in mil. Ib.
9 Includes data for items not shown separately.

3,221
1,042

5,777
3,865

697

p 697

' 1. 197 p 1. 159

5,507
3.633

Apr.

SURVEY OF CURRENT BUSINESS

May 1063

Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1961

1963

1962

1962

Monthly
average

S-31

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers:f
Production, total
thous. pairs.. 49, 442
Shoes, sandals, and play shoes, except athletic
thous. pairs .- 42, 303
Slippers for housewear
__ -do _ _ 6,081
553
Athletic
do
505
Other footwear
do
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 .-

179

51, 617

58, 577

51, 975

52, 498

49, 507

46, 322

59, 295

48 935

53 652

47 244

42, 465

53, 457

50,922

53, 462

44,011
6,326

51, 497
5 811

45, 374
5,161

44, 465
6 615

41, 784
6, 511

39, 833
5 550

49, 275
8 585

39, 540
7 829

43 308
8 702

38 570
7 375

48, 485
4 084

45,911
4 089

47,335
5,132

1 067

1 05?

586
713

37, 391
3 906

540
382

519
476

201

154

73

214

233

560
720

709
560

177

202

728
712
192

588
830

584
628

352
587

575
860

499

590

191

159

131

206

197

215

465
423

489
679

105.5

105. 6

105.8

105.8

105.8

105.8

105.8

105.8

105.8

105 1

105.1

105. 1

105.1

105.1

108. 1
110.2

107.8
111.2

108.3
111.0

108.3
111.1

108.3
111.1

108.3
110.9

108.3
111.2

108.3
111 1

108.3
111.4

106.5
111 5

106.5
111.4

106.5
111 8

106. 5
110 9

106.5
110.6

3 088

2 839

2 473

2 603

2 446

2 166

1 859

2 000

2 560
620
1 940

2 933
'666
2 267

2 931

2 579

LUMBER AND MANUFACTURES
LUMBER— ALL TYPES J
National Lumber Manufacturers Association:
Production, total
__
.mil. bd. ft_.
Hard woods
do
Softwoods
-do
Shipments total
Hardwoods
Softwoods

do
do
_do .-

..

Stocks (gross), mill, end of month, totaL.-do
Hardwoods
do
Softwoods
do

2.740
536
2,204

2 678
417
2 261

2 670
4

2. 157
2 705
536
2,170

2 758
530
2,227

2 830
506
2 324

2 837

7.001
1 863
5 138

6,292
1,488
4 804

2 654

497

3 020
524
2 496

2 825
554
2 271

? 649
552
2 097

3 164
633
2 531

2 911
620
2 291

3 157
528
2 629

2 944
519
2 425

2 682
491
2 191

3 058
535
2 5°3

2 712
' 533
2 179

2 368

2 728
' 620
2 108

2 431

2 317

1 829

1 985

2 540
655
1 885

2 880
688
2 192

6, 369
1 350
5 019

6,215
1 291
4 924

6.073
1 287
4 786

5, 955
1 324
4 631

5, 934
1 385
4 549

6, 037
1 483
4 554

6 202
1 537
4 665

6,454
1 720
4 734

6,509
1 723
4 786

6, 596
1 779
4 817

6,590
1 788
4 802

6,590
1 753
4 837

6. 644
1 731
4 913

61

2 209

520

642

563

673

603

614

594

602

Exports, total sawmill products...
Imports, total sawmill products.

...do
do

63
355

63
408

70
400

58
436

78
457

66
467

64
482

57
490

59
408

58
474

68
357

64
301

58
252

61
410

71

SOFTWOODSJ
Douglas fir:
Orders, new..
Orders, unfilled, end of month

mil. bd. ft_.
do

640
471

672
498

679
504

717
534

757
511

741
500

628
504

721
481

595
445

697
460

628
441

629
507

675
570

621
617

634
580

Production
_
Shipments
Stocks (gross), mill, end of month

do
.do ...
do

642
640
1,126

655
665
993

706
732
1,105

677
688

727
780
1,050

661
752
958

581
624
927

714
744
893

AQO

1,108

696
681
886

681
647
914

576
563
928

657
612
943

644
573
994

698
671
1.022

Exports, total sawmill products
_
do
23
Sawed timber
do
10
Boards, planks, scantlings, etc_
__
do
12
Prices, wholesale:
Dimension, construction, dried, 1" x 4", R. L.
$per M bd. ft_. 78.43
Flooring, C and better, F. G., 1" x 4", R. L.
$ per M bd. ft.. 124. 21
Southern pine:
Orders, new
mil. bd. ft..
474
Orders, unfilled, end of month...
do
224

26
10
17

35
14
22

26
12
14

30
15
15

24
8
15

28
q
18

26
8
18

99

q
1 **

27
9
18

27
7
20

26
8
18

25
9
17

24
q
15

32
14
19

78.65

77.88

78.46

79.03

78.90

81.29

81. 50

81.39

79.41

77.81

76.66

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., 1" x 4", S. L.
1957-59=100_.
Western pine:
Orders, new
mil. bd. ft..
Orders, unfilled, end of month
do
Production...
do
Shipments
do
Stocks (gross), mill, end of month
do _.
Price, wholesale, Ponderosa, boards, No. 3, I" x
12" R. L. (6' and over)
$ per M bd. ft..

631
894

r

r

77. 82 P 77. 99

122. 52

120. 41

120. 41

120. 58

120. 10

122. 18

123. 31

124. 73

125. 98

125. 98

126. 44

503
255

543
283

523
292

587
286

505
264

502
251

546
246

503
249

542
243

480
231

366
225

460
243

425
250

508
276

467
472

503
500

517
531

495
514

572
593

519
527

495
515

560
551

498
500

551
548

493
499

416
372

474
449

41 ft

448

485
482

1,360
5,827
1,342
4,486

1,366
6,325
1.571
4,754

1 401
5,299
1, 700
3, 599

1, 382
6,777
1,634
5, 143

1 361
9.398
4, 367
5 031

1 353
6,615
1.944
4 671

1 333
5 801
1 787
4 014

1 342
5, 932
811
5 121

1 340
6 941
2 234
4 707

1 343
3 880

1 344
5 543

1 388
5 898

1 420
1 393

3 580

4 906

5 225

1 088

1 450
7 614
761
6 853

1 453
6 075
655
5 420

300

637

127.42 P128. 65

305

673

92.7

93. 1

94.1

94.4

94.6

94.4

93.5

92.3

91.9

91.8

91.6

91.1

90.9

90. 9

95.3

94.6

94.3

94.5

94.4

94.6

94.3

94.7

94.8

95.1

95.2

94.9

94.6

94.4

758
358

769
400

764
467

782
461

881
435

809
437

783
445

805
366

742
354

817
358

654
314

698
345

713
403

587
367

749
759
1.858

758
766
1.679

725
738
1,690

728
788

784
807
1, 568

759
775
1 552

928
884
1 596

871

1.630

868
907
1,591

871
813

1 713

1 771

1 789

1 779

604
655

cyo

69.63

67.43

67.38

70. 91

71.49

69.59

69.08

67.76

66.03

66. 25

65. 15

65. 26

3.1
11.3
3.1
30
8.7

3.1
10.5
2.7
2 9
7.9

3.0
11.1
2.8
2 6
10.2

2.7
11.0
2.4

4.6
11.6
3.0
4f\
8.2

3.2
11.0
2.7

3.4
10.1
3.0

2.3

3.0

3.0

10.0

4.0
11.3
2.8
3 r
9.0

7.0

6.2

6.1

6.0

64.2
35.6
65.5
65 4
100.8

65.7
42.8
65.0

65 4
49.3
64.4

66 6
51.1
57.2

72 7
49.9
66.8

68 9
47.6
66.1

67 3
46.9
63.5

80 9
46.3
77.9

75.2

96.9

88.4

80.7

74.8

68.9

64.6

69 8
43.6
66.2
69. 7
59.4

66 6
38.' 0
77.2
75. 0
59.9

715

fiQ7

657
667

1 728
r

742
364
7QQ

«OQ

1 683

1 737

64. 95 p 65. 10

HARDWOOD FLOORING
Flooring:
Maple, beech, and birch:
Orders, new..
mil.
Orders, unfilled, end of month
Production
Shipments
Stocks (gross), mill, end of month ...
Oak:
Orders, new
Orders, unfilled, end of month
Production
Stocks (gross), mill, end of month _ _ _ .
r

bd. ft_.
do
do
do
do
do
do
do
do

..

ar Q

fl9 7

Revised.
» Preliminary.
tRevisions for 1960-Sept. 1961 appear in Census report (M31 A(61)-13).




9 A

9.7
2.5

9.7
2.9

2.4

3.0

6.0

9.8
2.6
2. 0
6.3

10.5
2.8
2.4
6.8

3.0
10.6
2.7
2.6
6.9

11.5
2.7
2.4

60 2
32.4
68.8
64.9
61.5

47 0
29.4
54.0
49.1
48.5

67 7
33.3
67.4
63.8
52.1

7A n
50.8
58.1
58.6
51.6

7n i
52.0
62.7
67.1
47.2

9.6
2.6

3.4

t Revisions will be shown later as follows: Production, shipments, and orders. 1959-Oct
1961; stocks, 1948-Oct. 1961; exports, total sawmill products, 1961.

SUEVEY OF CURRENT BUSINESS

S-32
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1961

1962

May 1063

1962

Monthly
average

Mar.

May

Apr.

June

July

1963
Aug.

Sept.

Oct.

Jan.

Dec.

Nov.

Feb.

Mar.

Apr.

METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfs. and
ferroalloys) :
Exports total 9 cf
thous. sh. tons _
Steel mill products
do
Scrape?1
do
Imports, total? cf— 1
Steel mill productscf
Scrap
-

1,018
166
809

615
168
426

549
153
378

551
149
385

740
150
560

620
158
445

470
140
313

704
214
461

902
204
674

532
142
380

572
189
363

536
164
354

220
53
145

'796
174
556

638
179
425

329
262
21

424
342
22

392
340
16

370
325
16

509
413
13

477
364
19

519
395
66

505
375
15

374
285
15

406
325
20

450
353
23

384
311
20

234
18

340
13

387

5,315
3,206
2,109
5,361
8,651

5, 494
3,387
2,107
5,513
8,844

6, 805
4,280
2, 525
6.777
8,534

6,078
3,834
2,244
5,924
8,689

5,547
3,419
2,128
5, 167
9,068

4,938
3, 058
1,880
4,862
9,196

4,325
2, 640
1,685
4,243
9, 276

4,890
3,046
1,845
4,967
9,199

4, 706
2. 985
1,721
5,025
8,884

5, 530
3,241
2,289
5,509
8,916

5,415
3,252
2,163
5.517
8.807

5,251
3,138
2,113
5, 454
8,592

5,510
3,343
2,167
5,675
8,307

36.64
35.00

"28. 12
"29.00

31.98
33.00

30.18
32.00

26.14
28.00

24. 13
26.00

24. 59
26.00

26.86
29.00

26.39
27.00

24.38
25.00

23.58
23.50

25. 25
26.50

- 25. 61 p 27. 16
28.00 "29.00

5,983 - 6, 050
5,859
6.033
2,151 2, 786

4, 016
1, 546
2,059

4, 590
3. 509
2,443

9,482
10. 302
3,712

9,617
11.117
1285

9,050
11,039
4,041

9,061
9,811
3,045

7,495 r 5, 554 r- 3, 194
3, 451
8,108 - 7, 073
2, 476
3, 054
3,529

3,107
1,198
1,461

- 3, 325
- 1, 448
1,374

3,151
1,203
1, 451

12, 997 13, 553 13, 449
5. 962
6, 747
7, 965
1,222
853
625
65, 454 -71, 030 -76,911
17,875 '16, 400 -14, 408
42, 641 49, 447 56, 934
5,569
5,183
4,938

12, 226
6, 668
83fi
82, 007
13, 657
62, 492
5. 858

6.375
2,789
7, 366
7,552
386
262
86, 118 -83, 194
11,271 -13, 152
68, 376 63, 613
6,471
6,429

2,379
8,278
81
79, 014
15, 098
57, 720
6, 196

2,612
7,691
112
75, 835
17, 046
52, 641
6,148

do
do
do

Iron and Steel Scrap
Production and receipts total
thous sh tons
Home scrap produced
_
do
Purchased scrap received (net)
do
Stock^ consumers' end of mo
do
Prices,' steel scrap, No. 1 heavy melting:
Composite (5 markets)
$ per Ig. ton
Pittsburgh district
do

Ore
Iron ore (operations in all U.S. districts):
Mine production of
thous Ig. tons
Shipments from mines cf
do
Imports 6"
__do
U.S. and foreign ores and ore agglomerates:
Rpppipts at iron and steel plants
do
Consumption at iron and steel plants
do
Exports
a"
do
StockQ total end of mo ci71
do
At minescf
do
At furnace vards
do
At U S docks
do

8, 121
8,041
491
75, 737
14, 657
55, 293
5,787

3,714
10,611
41
65, 063
17, 606
42, 141
5,316

5,078
9, 609
362
61, 153
18, 690
37, 609
4, 854

86

79

99

104

102

88

72

71

69

85

33

41

35

116

5, 393
5,483

5,477
5,550

7, 106
7,198

6, 425
6,392

5, 458
5. 304

4, 58?
4 605

4,211
4,167

4, 586
4, 757

4. 659
4, 825

5, 009
5, 213

5, 094
5,207

5,337
5, 356

5,584
p 5, 677

5. 31G

6, 449

3,250

3.178

2,949

3,079

3,276

3,345

3,443

3,368

3, 266

3,150

3,075

3.125

p 2, 967

65. 95
66. 00
66. 50

65. 46
65. 50
66.00

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
60. 50

65. 95
66. 00
66. 50

65. 95
66. 00
66. 50

63. 08
63. 00
63.50

62.95
63.00
63.50

62. 95
63. 00
63. 50

62. 95
p 63. 00
p 63. 50

62. 95

653
902
515

680
963
527

719
1,061
563

704
1.021
544

674
1.046
572

628
990
553

643
800
452

660
882
551

727
922
523

695
1,045
581

669
988
535

693
892
464

56
60
36

73
72

71
76
42

72
74
50

70
80

69
74

73
57

72
66

76
68

74
81
47

79
45

82
70
39

8,168
100.9

8,194
101.2

10. 584
128.3

9,236
115.7

7, 536
91.3

6,692
83.8

6,174
74.8

7,098
86.0

7, 251
90.8

7,781
94.3

7,846
98.3

8,080
97.9

153
101
78

183
119
93

189
149
112

206
130
102

190
136
107

172
127
101

176
97
75

173
113
88

167
101
80

171
112
89

175
106
83

181
109
86

274
99
73

308
113
86

345
132
103

331
122
92

311
123
94

299
122
94

302
97
72

301
109
84

280
101
77

271
116
89

Til
108
83

282
97
74

-282
115
85

305
111
82

5. 360
188
402
453
87
830
500
222
101
676
273
587
1,862
504
822

4,505
177
351
381
70
701
413
204
78
600
209
506
1,509
421
669

5, 402
197
409
438
60
854
516
232
99
723
571
1,897
530
829

5,125
194
351
430
54
824
522
205
91
623
249
453
1,947
531
875

5,579
217
394
453
68
915
570
233
104
595
266
376
2,297
622
1,077

5,499
225
375
483
73
881
584
187
103
485
238
337
2,401
671
1,148

5,001
211
330
460
68
778
531
147
93
394
199
303
2,257
643
1,090

5, 731
236
354
484
71
878
612
144
113
440
237
539
2,491
680
1,208

5,604
235
366
514
97
849
593
141
108
433
231
495
2,384
668
1,130

6,691
272
442
613
102
1,009
703
177
120
564
282
567
2.840
804
1,354

11.4
3.9
4.6
3.5

10.9
3.5
4.0
3.5

10.5
3.9
4.3
3.4

9.9
3.7
4.3
3.3

9.2
4.1
4.8
3.2

8.9
3.9
4.2
3.2

8.7
3.9
4.1
33

8.8
4.4
4.3
3 2

8.9
4.2
4.1
3 2

9.3
5.0
4.6

Manganese (mn. content), general imports cf -do
Pig Iron and Iron Products
Pig iron :
Production (excl. blast furnace production of ferroalloys).
thous. sh. tons..
Stocks (consumers' and suppliers'), end of mo.
thous. sh. tons..
Price? :
Composite
$ per Ig. ton.
"Basic ffurnace)
do
Foundrv No 2 Northern
do
Castings, <rray iron:
Orders, unfilled, for sale, end of mo.
thous. sh. tons..
bmp e . , ,c a Castings, malleable iron:
Orders, unfilled, for sale, end of mo.
Shipments total

do

Steel, Crude, Semifinished, and Finished
Steel ingots and steel for castings:
Production
thous. sh. tons..
Index
1957-59=100..
Steel castings:
Orders, unfilled, for sale, end of mo.*
thous. sh. tons__
Shipments, total.
do
For sale, total
do
Steel forgings (for sale):
Orders, unfilled, end of mo
do
Shipments total
--- -- do _
Drop and upset
...do

r

Steel products, net shipments:
5,879
7,699
6,183
6.783
5,510
Total Call grades)..
do ..
231
325
262
220
212
Semifinished products
do_._
395
434
473
431
395
Structural shapes (heavy), steel piling. _ .do. ._
522
639
720
567
496
Plates
do
86
136
113
106
70
Rails and accessories
do_._
916
1,164
1,048
980
839
Bars and tool steel, total.. _. ..
do
597
823
624
698
532
Bars: Hot rolled (incl. light shapes)
do...
199
179
211
226
204
Reinforcing.
do
122
130
112
152
98
Cold
finished
do___
663
592
657
660
589
Pipe and tubing
do___
295
302
259
313
253
Wire and wire products
do —
564
532
505
691
510
Tin mill products
_ do __
2,794
2,373
2,356
3,219
2,147
Sheets and strip (incl. electrical), total _ . _ do. _.
605
646
738
871
585
Sheets: Hot rolled
do._.
1,371
1,128
1,566
1,126
1,013
Cold rolled
do._.
Steel mill products, inventories, end of mo.:*
12.0
12.4
12.1
10.6
Consumers (manufacturers only)..mil. sh. tons..
4.5
5.6
"4.3
4.9
Receipts during month
do
4.8
4.6
"4.4
4.5
Consumption during month
do —
3.6
3.4
3.6
3.6
Warehouses (merchant wholesalers).
_do._.
Producing mills:
7.1
7.6
7 9
7.2
In process (ingots, semifinished, etc.)
do —
7.0
7.5
6.9
Finished (sheets, plates, bars, pipe, etc.).do.__
.0698
.0698
.0698
.0698
Steel (carbon), finished, composite price. _.$ per lb. ~~.~0698
r
Revised.
» Preliminary.
9 Includes datei not sho vvn separ ately.
cf Scattered revisions for 1959-61 are available u pon reqL est.
*New series (Bureau of the Census). Data for steel mil 1 inventc ries repr esent inclustry




::::::::

7,759
8, 143
415
81, 930
15, 873
59, 790
6,267

10, 540 10, 364
7,268
6, 762
654
447
85, 725 -87, 470
13, 047 -11,528
66, 271 69, 367
6,575
6,407

8.391
101.7

3,426
9,339
104
46. 720
5.885

8,222 -10, 080
122. 2
110.3

62.95

p 10. 698
P 134.0

7.5
7.4
7.3
7.1
7.0
6.8
.0698 ""."6701
.0698
.0698
total? for the s pecified 1 olders oj steel mil ; shapes; stocks he Id by no nmanufa cturing i ndustries
are r ot show n. Con Burners' operatioiis incluc Le fabric ating aclivities ()f steel p reducing
comp anies. '. For ware houses, c lata are derived rom val ne of inventories.

6.7
6.8
.0698

6.8
6.6
.0698

6.5
6.5
. 0698

6.8
6.3
.0698

6.7
6.3
.0698

6.7
6.4
.0698

7.2
6.8
.0698

SURVEY OF CURRENT BUSINESS

May 1963
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1961

1962

Monthly
average

S-33

1962
Mar.

Apr.

May

June

July

1963
Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel, Manufactured Products
Fabricated structural steel:
Orders, new (net)
Shipments
Backlog end of year or mo

thous. sh. tons..
do
do

Barrels and drums, steel, heavy types (for sale):
Orders unfilled, end of mo
thous..
Shipments
do
Cans (tinplate), shipments (metal consumed),
total for sale and own uset
thous. sh. tons..

2,406

2,357

239
308

289
367
2,301

326
314
2,316

301
357
2,351

2,475

2,624

2,609

2,708

1,460

1,402
1,992

1,331

2,240

2,079

1,421
1,850

1,277
1,924

1,266
1,816

1.285
1,537

1,296
1,714

1,395
1,807

462

478

512

630

569

437

333

320

338

310

173.7
50.0

184.2
52.0

179.1
52.0

184.1
41.0

108. !
46.0

176.2
46.0

185.2
52.0

179.7
51.0

182.4
47.0

184.2
49.0

163. 0
57.0

23.2
5.7
10.4

30.0
6.1
9.7

33.1
6.0
10.3

38.9
5.2
12.7

27.3
5.3
10.3

29.8
4.0
17.1

27.7
4.4
11.5

25.7
4.4
9.7

22.2
2.3
13.8

22.3
1.7
5.2

21. 5
3.4
17.0

132. 6

131.7

130.8

148.1

152.9

140.1

154. 4

221
327
2,481

274
312
2,414

1,404
1,947

1,568

2,063

1,438
1, 945

1,425

2,259

431

379

395

158.6
176.5
128.2 v i 37. 9

177.4
48.0

25.6
4.9
12.6

18.9
5.3
12.2

343
318

302
322

2,723

2,624

1,521
1,834
418

294
357

2,352

292
349

324
315

478
282

328
235

286
244

312
306
2,864

NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous. sh. tons_.
Estlmated recovery from scrap
do
Imports (general):
IVTetal 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 lb_.
Alumlmim shipments:
Ingot ond mill products (net) At
Mill products total t
Plate and sheet (excl foil)§
Casting^?

mil Ib
do
do
do

Copper:
Production:
Mine recoverable copper
thous sh tons
Refmerv, primary
do __
From domestic ores. ._
do__ .
From foreign ores
do
Second arv 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
Fabricators'
Price, bars, electrolytic (N.Y.)

do
do
$ per lb~

Copper-base mill and foundry products, shipments
(quarterly avg. or total) :
v/opper min v i f . .
) \j
-- .
Brass and bronze foundry products ._

do

Lead:
Production:
Mine, recoverable lead©
thous. sh. tons.Secondary, estimated recoverable©
do
Imports (general) ore©, metalt
Consumption total©

-

do
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'^
do
Scrap (lead-base, purchased), all smelters
thous. sh. tons..
Price, common grade (N.Y.)___
__$perlb__

Tin:
Imports (for consumption) :
Bars, pigs, etc \
Estimated recovery from scrap, total©
As metal
p "•
~~
Exports, Incl. reexports (metal)
Stocks, pig (industrial), end of mo
Price, pig, Straits (N.Y.), prompt

do
do
do
^

16.6
4.1
10.7
258. 2

.2546

Qppg^J

Metal (slab blocks)
Consumption (recoverable zinc content):

(}Q

do

Qpp«5^

(Jo

Scrap all types

do

170.7

154. 5

137.8

. 2400

.2400

.2400

449.2
320.4

443. 8
319. 9
137.6
74.3

436. 0
293. 9
126. 3
74. 5

477.3
324.5

91.5
124. 5
90.9
33.6
21.0

93.8

89. 9
2 249. 3
2 186. 3
2 62. 9

41.4
6.9

47.0
8.1

22.5
7.3

30.2
27.2
142.6

37.5
34.6
142.9

26.3
22 9
95! 8

153.3
98.4

157. 1
102. 5

206.8

.2400

.2400

124. 4
63. 5

142. 6
'77.2

516. 5
344. 1
159.0
81.2

474.1
315. 9
142.2
78.8

354. 3
160. 4
83.3

347. 5
158.8
77.4

97.1
129.2
98.4
30.8
21.9

102.3
134. 3
101.2
33.1
22.7

109.5
146. 1
107.9
38.2
23.9

109.5
126. 5
98.6
27.9
22.3

113.8
146. 1
109. 3
36.8
24.9

102.8
145. 8
109.1
36. 7
25 2

38.4
5.6

40.1
8.2

54.1
6.2

16.9
5.9

64.6
5.3

48.4
35.7
124.0

32.1
28.0
P 134. 2

33. 9
27.7
151. 0

30.8
26.2
138.8

187.7
105. 1

p 177. 5
* 102. 0

155. 9
102.2

142.4
96.8

403.4 ' 464. 3
278.8 ' 317. 6

. 2992

499.0

.3060

.2400
506.6

144.3
60.7

121.1

139.0

. 2250

473.4

143. 5
85.6

318.5
139.6
82.9

436. 9 r 487. 1
282. 5 ' 330. 6
153. 9
131.1
r
83.4
74. 6

246.8

106.1
132.3
101.4
30.9
25.8

104. 2
142.0
104.1
37.9
22.4

101.9
127.9
99.5
28.4
21. 1

99.5
121.6
107.1
14.6
22.8

'94.4
121.7
92.5
29.2
25.6

102.0
134.3
100. 6
33.6
27.5

28.3
5.3

62.6
14.1

21.5
6.4

39.9
20.2

26.2
7.6

24.7
6.6

61.3
4.4

32.0
27.4
137. 6

32.3
28.2
132.9

23.1
20.0
146.1

24.0
21.2
140.6

37. 5
35. 4
121.8

13.9
12.7
P147. 6

204.2

194.4
104.0

205.9

201.1
100.8

201.2
102. 0

200.8

105. 4

.3060

100.3

.2250

104.0

306. 4
136.8

27.3
30.6
24.2
26.8
v 142. 6 P 152. 8
199.6
98.2

. 3060

578
409
229

581
402
235

21.8
37.7

19.8
36.9

23.8
37.1

24.1
35.5

25.1
37.7

24.1
36.6

21.3
31.8

16.8
35.7

13.9
37.3

14.8
40.7

14.4
40.2

14.2
36.7

15.5
37.5

'13.2
38.7

33.7
85.6

33.4
90.1

45.7
88.0

36.3
83.8

33.8
91.9

30.9
87.6

23.2
77.2

33.8
93.1

36.3
89.2

38.9
103.8

26.3
94.4

25.7
90.2

31.1
99.7

24.1
95.1

. 3060

.3060

.3060

.3060

.3060

88.1

100.6

91.0

93.0

88.3

95.1

94.3

96.5

87.4

87.7

95.1

91. 1

91.0

205.6

99.1

144.6
90.0

203.6

199.7
106.7

193.7
106.6

188.4
106.0

191.1
102.1

188.4
99.4

179.5
92.0

172.1
90.8

161.9
94.7

144.6
90.0

' 132. 9
94.4

119.8
95.0

41.3
.1087

43.5

.0963

38. 1

43.5
.1000

46.8
.1030

49.5
.1050

743
3. 324
1,810
250

3,422

100
3,152
1. 675
260
5. 515
3, 760

42
3,177
1 , 875
215
' 6, 365

4
3, 664
1,760
195
6, 235

447

1,800
245
6,520 fr 6, 590
' 4, 190
4, 550

104.3

34.4

33.9

35.4

. 0950

.0950

. 0950

670

728
3. 457
1,795
240

622
4, 315
1,920
265

4,247
1,890
245
7, 360
5, 280

6,920
4,850

7,230

5,170

36.5

.0950
1,005

2,383

1,820
235
6,710

4,735

39.9

. 0950
530

2,784

1,630
270
f>, 610
3, 850

1
21
20, 735 20, 225
1. 1302 1. 1145

39.0

. 0950
60

3,347

1,700
255
6,150
4, 175

35.4

.0950

242

4,042
1,700
240

35.6

.0950

0

2,809

5,690

1.990
'255
6, 080
4,150

45
23
19, 695 322, 100

110

3, 910

.0995

340

4,086
1,895
260

6,000
4,030

9
4
20,865 4 20, 575
1.0846 1. 0876 1. 1078

••4,415

87.1

1.2308

3
22, 135
1. 2212

9
20, 510

38.7

42.1

43.0

42.3

43.9

42.7

38.3

44.7

42.1

46.7

44.0

42.6

43.6

r 41. 5

34.6
10.6

39. 0
11.8

50.0
14.1

31.9
13.2

53.3
9.2

45.2
9.8

40.2
13.8

34.2
8.2

40.0
11.5

39.7
11.7

34.0
10.2

32.1
14.4

31.9
8.7

32.2
7.9

8.1
14.9

7.9
19.8

7.9
22.7

7.9
20.1

8.6
21.8

7.8
20.8

7.5
16.8

5

7.7
31. 7

8.1
21.7

7.6
19.2

8.5
17.8

7.6
16.1

7.4
15.6

7.8
6. 2

5

13.5

79.7

. 1050

. 1050

4,485

98
22, 805

1. 0846

. 3060

64
84
61 4
4
21, 654 ' 21,505 422,095
1.1064 1. 1106 1. 0854 T 0922" ~l"l302~

36
r
21. 730
1. 1461

1.1719

P 195. 8
P99.6
.3060
•p 595
P415
P230

590
422
227

535
390
212

607
422
242

.3060

. 2250

470.3

517
388
212

.3060

119.6
.2250

.2254

.3060

.3060

16.6

.2400

.3060

r
Revised.
p Preliminary. ! Recoverable aluminum 2content. Monthly data are
expressed3 in metallic content (incl. alloying constituents).
Data are for Aug. and Sept.
1962.
Includes 3,000 tons of tin made available by GSA for disposal at a maximum rate
of 200 tons per week during remainder of 1962.
4 Includes
tin held by GSA.
« Aug. 1962 consumption of copper-base scrap is included
Digitized
for1962
FRASER
in Sept.
data.



148.3

. 2400

.2400

67
__do
22, 630
do
1.
1327
$perlb__

Zinc:
Mine production, recoverable zinc
thous. sh. tons_.
Imports (general) :

153.1

.2388

181.6

42.6

§ Effective with Feb. 1962 SURVEY, excludes shipments of foil; see note in Mar. 1963 SURVEY.
ABeginning Jan. 1963, net shipments of ingot derived by new method to include imports
not previously included.
©Basic metal content.
% Scattered revisions for 1960-Feb. 1961 will be shown later.
cf Consumers' and secondary smelters' stocks of lead in refinery shapes and in copperbase scrap.
0 Revisions for 1961 are shown in the Nov. 1962 SURVEY.

SURVEY OF CUERENT BUSINESS

S-34
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1961

| 1962

Monthly
average

May

1962
Mar.

Apr.

May

June

July

1963
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
70.6
and foreign ores
thous. sh. tons_4.6
Secondary (redistilled) production
_do
77.6
Consumption fabricators'
do
4.2
Exports
do
Stocks, end of year or mo.:
145.
5
Producers', at smelter (AZI)A
- do
93.8
Consumers'
do
.
1154
Price, prime Western (St. Louis)
$perlb.HEATING EQUIPMENT, EXC. ELECTRIC
Radiators and con vectors, cast iron:
' 1.5
Shipments
mil sq. ft. radiation _ _
2.6
Stocks end of year or mo
do
Oil burners:
Shipments
_
thous__ '43.7
Stocks end of year or mo
do__ . '"44.7
Stoves and ranges, domestic cooking:
'r 147. 8
Shipments total (excl liquid-fuel types) do
144. 7
Gascf
do

73.8
4,6
84.5
3.0

79.5
6.0
93.0
4.8

78.7
5. 1
86. 4
6.5

78.9
4.1
91.1
2.5

68.9
4.1
80.3
2.4

66.8
4.0
66.7
2.4

69.1
3.7
79.4
1.6

70.6
4.0
83.3
2.1

72.7
5.3
89.4
3.5

71.7
4.4
86. 1
3.5

76.0
3.9
81.5
1.6

76.2
3.8
84.8
.4

68.7
3.6
81.3
'3.3

149.6
75. 5
. 1162

138. 7
86.3
.1200

144.6
83.9
.1150

145. 3
76.1
.1150

147.1
72.5
.1150

162.4
72.8
.1150

167.9
68.7
.1150

168.9
61.6
.1150

159.4
63.1
.1150

154.2
68.0
.1150

149.6
75. 5
.1150

157. 1
'72.0
. 1150

154.7
68.8
.1150

1.0
2.9

1.0
2.8

.6
3.2

.8
3.4

1.0
3.4

.9
3.0

1.3
2.7

1.4
2.5

1.6
2.1

1.1
2.1

.7
2.9

1.0
2.9

.9
2.9

'39.8
'49.9

39.8
55.6

28.8
62.8

36.4
64.0

41.3
65.4

31.6
64.1

50.1
62.2

62.0
55.2

62.7
52.7

34.4
53.0

26.7
49.9

'32.8
'56.3

33.5
60.4

166. 7
163. 6

175. 6
172.7

163.2
159.7

168.3
165.5

167.4
164.4

142.2
139.3

182.0
178.4

186 5
182.5

195 9
191.6

165.2
161.9

147.6
145. 5

' 150. 0
' 148. 2

16!. 2
159. 1

'91.6

157. 0
94.1

117.9
78.6

84.7
44.8

110.4
54.6

138.0
88.6

161. 6
95.4

277.2
154.0

251.8
150.0

2S1.3
166. 5

201.5
142.7

93.5
62.2

' 101. 8
'58.8

95.2
46.2

'97.9
'76.7

204.7

108.9
87.1
217. 7

86.9
70.7
216.0

90.5
75.1
201.8

98.7
81.6
195.8

232.2

107.2
88.5

111.8
89.9
201.2

134.5
105 2
226. 1

154. 4
117 4
194.4

153. 3
117.6
255. 6

238.4

111.1
87.6

90.4
74.5
251. 8

94.1
'77.3
' 199. 2

91.2
75.4
189.4

140.8
H5.7

140.2
i 16.2

41.3
13.6

96.9

154.7

98.5

163. 4

114.3

182.5

324. 6

161.2

114. 1

1.0
2.6

1.2
2.8

1.0
1.5

1.1
2.9

1.2
3.4

1.7
2.1

1.2
3.9

1.2
1.6

1.0
1.6

103.4
89.6

112.6
106.8

115.8
101.5

115.6
107. 5

131.3
107.9

129.4
118.7

110.2
111.2

104.7
119.2

385
380

500
471

506
523

541
388

535
533

492
560

568
524

1,639

2,232

2, 185

2,180

2 272

2,641

46. 35
mil. $
31.40
do
42.30
do
28.60
do
5.0
months .

44.80
36.70
47.85

44. 60
35. 30
55. 40

50. 00
40. 25

38.65

51. 65
41. 65
54. 60

35. 15
4.2

4.4

43.70
34.45
48.70
35.30

10.90
8.20
12.40
9.30
3.6

14. 60
11.65
12. 40
9.30
4.6

18. 75
14.10
12. 00
9.45
4.4

1237.4 i 254. 9

220.7

Stoves domestic heating, shipments, total _do_ __
Qasf
-- do. __
Warm-air furnaces (forced-air and gravity air-flow),
shipments^ totalt
- thous..
Gas
do
Water heaters gas shipments
-- do

' 143. 2

MACHINERY AND APPARATUS
Fans, blowers, and unit heaters, qtrly. totals:
Fans and blowers new orders
mil $
TJnit heater group new orders©
do
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 indexf
1957-59=100
Shipments indexf
do
Industrial trucks (electric), shipments:
Hand (motorized)
_ number. _
Rider-tvpe
do
Industrial trucks and tractors (gasoline-powered),
shipments
number-Machine tools:
Metal cutting tools:
Orders new (net), total
"Domestic
Shipments, total.
Domestic
Estimated backlog- .
Metal forming tools:
Orders new (net) _.
Domestic
Shipments
_ .
Domestic
Estimated backlog

.

__.

.mil. $ _
do
do
do
months

Other machinery and equip., qtrly. shipments:
Construction machinery (selected types),
total 9
mil $
Tractors tracklaying total
do
Tractors wheel (con off-highway)
do
Tractor shovel loaders, integral units only
(wheel and tracklaying types)
mil $
Tractors, wheel (excl. garden and contractors'
off-highway types)
mil $
Farm machines and equipment (selected types),
excl tractors
mil $
ELECTRICAL EQUIPMENT
Batteries (auto, replacement), shipments
thous..
Household electrical appliances:
Ranges (incle built-ins), sales, totalt
do...
Refrigerators and home freezers, output^
1957-59=100..
Vacuum cleaners, sales billed
thous..
Washers, sales (dom. and export)©
- do
Driers, sales (dom. and export)*
do

* 59.4
* 18.6

* 66.1
i 20.0
1

177.1

173.0

122. 0

1. 1
1.9

1.1
5.1

.8
1.7

.8
.8

1.8

3.4

1.0
5.5

109.8
109.4

121.0
119.3

100.6
122.3

99.2
109.3

134.1

88.5

517
420

528
506

527
503

525
504

576
538

573
536

483
600

529
793

2,368

2,681

2, 525

2,881

2,249

2,195

1,730

1, 765

2.137

38. 50
33. 20
39. 50
29. 65
4.1

39. 35
31.60
43. 70

48.30

47. 25
40. 65

43.30

51. 65

46. 20
37. 40

12. 50
9.15
11.40
9.15
5.1

4. 1

41.90
3.9

16. 20
11.60
11.65
8.10
5.0

11. 95
9.60
12.10
9.25
5.1

13.40
10.40
13.70
10.40
5.0

14. 00
9.40
12.50
10.65
5.0

36.40

325.3

61.0
13.6

116.6

33.70

48.05
38.85

4.0

41.90
44 75
34. 75
4.1

10.75
9.85
9.45
7.35
4.9

16.30
14.35
16.90
12.70
4.7

14.65
12.25
12.70
9.40
4.7

4.0

257.8

81.9
30.8

64 0
21 4

55. 15

43.00
3.9

4.2

13.95
12.20
13. 30
11.50
4.8

215.7
57.7
14.2

2

57.0

48.1

67.8

59 8

52.2

132.2

153.1

97 1

138.2

1 181. 3 i 197. 7

219.1

237. 6

190.6

142. 3

107. 4

16 9

2 20 4

2 og 7

249 8

260 4

2

2,540

1,776

1, 551

1,770

1,967

2,143

2,591

2,979

3,540

3,197

3,287

137.1

154.9

131.0

136.0

146.4

114.2

128.5

154.2

140. 3

136.6

141.8

124. 6

119.2

135.2
330. 2
334. 0
104.9

290.7
265.2

116.9

75.6
301. 5

114.3

114.1

117.5
329.1

322.9

98.8

309.3
305.5
116.4

134.0

69.6

122.7

282.9
296. 0
57.6

144.7

247.3
334.9
70.2

236.8
264.2

83.9

1,444.1 31,721.9 1, 134. 2
336.4
474.6 3620.7
76.3
166

78.4
160

13.3
2.0

13.8
2.4

348.7

125.6

175.5

366.0
337.0

181.7

1,253 8 32,196.4 1,835.9
500.7 3 731. 5 570.0

60.5
119

80.1
153

79.9
149

12.4
1.7

11.9
2.2

12.8
2.2

157

2
f Revised.
* Quarterly average.
For month shown.
3 pOr 5 weeks.
* Domestic only.
AProducers' stocks, elsewhere, end of Apr. 1963, 25,600 tons.
cf Includes data for built-in gas fired oven-broiler units; shipments of cooking tops, not
included in figures above, tptaled 25,600 units in Feb. 1963.
t Revisions for gas heating stoves (1960-61), warm-air furnances (1959-61), and material
handling equip. (1954-61) are available.
©Beginning 1961, excludes new orders for gas-fired unit heaters and duct furnaces; revisions for 1960 are shown In the Apr. 1962 SURVEY.

123.0
355. 1

389.2

366.7

292.1

'161.8

250.8
143.0

4.9
13. 05
12. 15
16. 60
14. 05
4.6

127.5
107.0

' 4.6

' 19. 20
' 16. 50
14. 05
10.05
'5.1

2,359

273.6
278.9

' 53. 35 60. 30

' 44. 80
48.30
35.80 ' 43. 05 49.75
29.75 ' 34. 30 42. 15

15. 15
14.10
14.15
10.55
4.7

i 130. 2

* 55.2
1

. 1150

36.4
17.6
106.9

4.3

60.00

. 1150

175. 3

46. 60
37. 45
39. 45
28. 95
4.0

Radio sets, production §
..
do
1, 447. 8 1, 596. 8 31,810.4 1,472.7
539.3 3 659.3 510.6
Television sets (incl. combination), prod.§ do
514.8
Electron tubes and semiconductors, factory sales
76.6
75.9
85.9
mil. $.. 78.5
154
185
155
134
Insulating materials, sales, index
1947-49=100
Motors and generators:
146
144
New orders, index, qtrly
. do
i 150
New orders (gross) :
12.4
13.6
13.1
Polyphase induction motors, 1-200 hp..mil. $..
12.3
2.2
2.4
D.C. motors and generators, 1-200 hp
do
2.3
2.5




37.2
15. 1

45.8
18.4

3.2

154.2

' 3, 762 ' 2, 678

100.1

293 3
129.2

'145.3
122.5

356.9

300 8
115.7

69 2

1,664
164.0
134.1
406 0
363 6 4 268 9
112.7
471.5

1 735 3 313 741 9 1 229 5 1 389 7 31 568 4 1 355 6
517.3
519. 8
484 4
557 9 3 gge 4
546 3

79.4
152

75.6
142

72.0
148

12.2
1.8

11.2
1.9

11.8
2.4

'71.5

'67.6

11.4
2.5

11.1
2.4

74.7

138

145

9 Includes data not shown separately.
JRevisions for 1960 appear in the Feb. 1962
SUKVEY.
JNote change in reference base; data prior to 1960 on 1957-59 base are available.
©Data exclude sales of combination washer-drier machines; such sales (excl exports)
totaled 4,100 units in Mar. 1963.
*New series (Amer. Home Laundry Mfrs. Assn.); data cover gas and electric types.
§Radio production comprises table, portable, auto, and clock models; television seta
exclude figures for color sets. Data for Mar., June, Sept., and Dec. 1962 and Mar. 1963 cover
5 weeks; other months, 4 weeks.

SUEVEY OF CURRENT BUSINESS

May 1063
1961

Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1962

Monthly
average

S-35
1963

1962
Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
__
___thous. sh. tons_. 1 1, 454
193
Stocks in producers' yards end of mo
do
120
Exports
do
Prices:
28.14
Retail ^tove composite
$ per sh ton
13. 347
Wholesale chestnut f o b mine
do

1,509
149
108

1, 254
156
53

1,315
193
112

1,336
217
159

904
195
162

1, 325
171
226

1,190
159
173

1,525
124
228

1,660

1,511

1,611

1, 345

1,595

156

208

215

70

184

266

28 63
13.050

29 10
13. 930

28 88
11 998

28 14
11 998

27 75
11 998

28 00
12 488

28 09
12. 488

28 11
12 978

29 06
13. 468

29 08
13. 468

29 14
13. 930

29.14
29.14
13.930 "13. 930

29.14

Bituminous:
Production
thous. sh. tons
Industrial consumption and retail deliveries,
total 9
thous sh tons
Electric power utilities
do
fylfg and minin°r industries total
do
Coke plants (oven and beehive)
_do

!33,581

35,250

36,403

34,313

37,046

37,673

22,169

39,080

34,237

40,385

37,349

33,204

36, 870 -34,100

33, 320

!31,200
14, 969
'13,856
i 6, 157

32,315
15, 903
14,006
6,189

35 773
16, 172
16 429
7,695

30 874
14 137
r
!4 904
7,179

29 852
15, 134
13 828
6, 437

28 443
14 987
12 570
5,478

27 940
15 332
11 579
5,141

30,073
16, 288
12,239
5,361

29 371
14 995
12 923
5, 350

31 960
15, 968
13 436
5, 574

39 875
16, 441
13 597
5, 503

36,703 '39,886
18,213 r 19, 684
14,654 15, 491
5, 860 * 6, 153

35, 880
17, 624
14, 328
5, 771

2 311

2 349

3 169

1 794

798

796

947

1 455

o 065

2 464

2 752

4 710

3 928

69,126
47,618
20 970
9,680

67, 960
46 665
20 845
9 044

63, 222
42 194
20 726
9 405

098
153
468
257

68, 489
47 340
20 619
8 277

691 '63,804
975 r 44. 906
234 r18, 508
7, 339
305

59, 464
41, 454
17 668
7 224

Stocks, industrial and retail dealers', end of
month total 9
thous sh tons
Electric power utilities
do
\lfg and mining industries total
do
Oven-coke plants
do
Retail dealers

COKE
Production:
Beehive
Oven (byproduct)
Petroleum coke§
Stocks, end of month:
Oven-coke plants, total
At furnace plants
\t merchant plants
Petroleum coke
Exports

thous sh tons
do
do
do
do
do
do
do

2

64
43
9Q
9

185
171
718
431

66
44
21
9

402
965
039
666

69
46
22
10

327
782
079
355

66
45
9Q
8

70
49
90
8

241
274
445
180

72
51
20
8

818
442
867
622

73
51
21
8

578
793
249
849

3 814
69
48
20
8

538

449

302

296

398

466

477

530

522

509

543

482

390

342

2.914

3, 201

2, 426

2,854

3, 790

3, 530

3, 087

4,165

3,949

3,993

3,643

2, 656

2,223

2, 548

2,722

17. 12

17.30

1 7. 45

17 43

16.97

16 89

16 95

17 00

17 31

17 55

17.54

17 62

17.62

17 63

17.63

5.018 22 4. 918
7.541
7. 443

5.018
7 700

4 932
3 7 329

4 932
7 164

4 914
7 179

4 914
7 271

4.914
7 300

4 914
7 539

4.914
7 608

4.914
7 742

4.914
7 858

4. 739
7. 281

p 4. 739
p 7 281

do

Exports
_
do
Prices:
Retail composite
$ per sh ton
Wholesale:
Screenings indust use f o b mine
do
Domestic large sizes f o b mine
do

1,404

3

3
3

^73
4 4, 236
1,256

66
4,259
1,312

96
5, 155
1 . 338

69
4,928
1 170

57
4, 453
1 337

53
3 788
1 392

42
3 552
1 339

48
3, 692
1 369

50
3,692
1 302

62
3,852
1 323

64
3,824
1 267

54
4.034
1 368

64
4,246
1 315

5

4, 398
s 3, 030
1, 369
1, 064
37

3, 901
2.799
1,103
1. 053
33

3,637
2, 501
1, 136
1,071
92

3 651
2,507
1, 144
1,03]
39

3,775
2, 624
1, 150
1,014
28

3 835
2,700
1 135
1 012
31

3 978
2 838
1 141
1 048
34

4 065
2, 971
1 094
1,010
51

4 174
3, 094
1 079
1,044
48

4,131
3,084
1,047
1,037
38

4 019
3,024
994
1 080
12

3 930
2.949
981
1,176
52

3, 771
2,832
939
1,191
15

1,821
2.97
248.9
82

1,781
2.97
255.8
84

1, 546
2. 97
254. 0
82

1,527
2 97
243.0
81

2,126
2 97
256.3
83

1 732
2 97
258 8
86

1 711
2 97
264 4
85

2 028
2 97
262. 5
85

1,499
2 97
252 7
84

2,023
2 97
256 1
83

1 730
2 97
251 0
84

1,830
2 97
263 6
85

306.9

317.2

326.3

311.2

312.6

305.4

313 7

319. 5

311 4

322 6

320 0

218.5
30.2

223.0
30.9

228.7
32.0

221.7
30.3

223. 0
30.4

217.7
29 1

224.0
31 0

224.2
30. 4

219.6
30 2

228.4
31 5

223 2
31 9

34.3
29.0
10

31.8
33.9
—10.8

32.2
26.9
19 8

34.2
25.1
14 6

33 8
24 7
14 1

35 9
22 8
17 6

40.3
24 5
17 3

34 4
27 2
21 1

35 8
26 9
11 0

291 3

296 2

302 2

290 3

311 6

2
0
0
5
9

2
5.2
296 8
147.2
10 6

1
7
5
4
0

4.0
307 6
136.9
13 6

r

T
r

65
3, 955
1 236

64
4,627

3, 490
2,r 622
874
1,204
21

3,319
2,474
845

1, 474

38. 035

31

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
Xew supplv, 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

31.8
26.5
3.4

T

s

1 809
2 97
269 4
87

1,593
p 2 93
251 4
88

330.7

344 1

311.0

228.8
33 3

226. 4
33 5

212.4
32 1

33 3
31 6
15 9

31.3
37 2
26 7

41 0
43 1
—41 4

30 9
35 5
—32 0

()

357 4

385 4

343 1

1
6
6
6
7

2
4 1
381
1
9
124 4
9 22 6

Demand, total
Exports:
Crude petroleum
Refined products
Domestic demand, total 9
Gasoline
Kerosene

do

303.6

316.2

337.0

291 5

298.0

do
do
do
do
do

.3
5.0
298. 3
127.8
12.0

.1
5.0
311. 1
132.0
13.7

.2
4.6
332.2
130.4
15.0

1
4.9
286. 4
129. 5
10 6

.3
5.2
292.5
140.7
9.0

Distillate fuel oil. ._
Residual fuel oil
Jet fuel

do
do
do

57.9
45.7
8.7

61.0
45.4
9 4

75.6
55.6
9.6

53.7
40 5
8 9

44.6
38.6
10.0

40 0
34 5
10 4

40 6
33 7
87

36 6
35 0
10 1

44 4
38 8
11 6

51 3
43 1
8 9

72 0
52 4
8 4

89 8 9 9103 2
65 0
58 9
9 g
89

88 4
57 7
8 4

do
do
do

3.5
9.0
19.5

3.6
9.5
21.3

3.6
4.8
22.7

3.8
6 9
18.4

4.0
11.2
17.8

37
13 8
17 5

36
14 9
19 0

38
17 2
18.4

35
13 3
19 5

39
13 3
20 8

36
7 8
22 8

30
38
27 6

38
34
28*4

31
2 8
23 5

814. 3
249.4
35.9
7
529. 0

820.6
248.1
35.2
537.3

764. 1
245.6
30.2
488.2

783.9
255.9
32.8
495.2

798.4
255.7
35.3
507.4

812 5
247.7
37 3
527 4

830
242
39
548

1
4
1
6

847 4
243.6
40 3
563 5

868 5
244 2
40 4
583 9

879 5
251.7
39 3
588 5

863
256
36
570

127.7
.7
189.5

131 8
.5
188.6

129 9
.1
206.0

123 6
6
200.4

131 9
.3
192.4

132 7
6
185 5

139 7
6
183 1

136 6
3
173 0

132 5
g
179 9

132 7
3
176 4

131 3
4
175 4

Lubricants
Asphalt
Liquefied gases

__ .

_

Stocks, end of month, total^
Crude petroleum..
Natural-gas liquids
Refined products^

_

Refined petroleum products: J
Gasoline (inch aviation):
Production
._
_. _
Exports
Stocks, end of month

_

do
do
do
do

do
do
do...

Prices (excl. aviation):
Wholesale, ref. (Okla., group 3)
$ per gal_.
Retail (regular grade, excl. taxes), 55 cities
(1st of following mo.)_
$ per gal..
r
1

Dec.
•!
with
Dec.
*5
7

7

4
286
140
9

8
5
4
2

5
291
142
10

5
284
126
12

335

(0)

4
330
133
16

2
8
8
2
2

6
3
7
6

5
351
125
19

836 9
252.0
31 4
553 5

9

9 792
249
24
9 519

9
2
0
g

139 2 9 135 4
3
5
190 1 9 201 0

8
334
115
17

760
240
20
499

1
2
8
3
6

9
4
9
6

123 7
209 4

.117

.113

.090

.115

.115

.120

.120

.120

.120

.120

.120

.113

105

p 092

.205

.204

.198

.195

.198

.198

.202

.216

.209

.207

.212

.204

.202

193

Revised.
v Preliminary.
2
Revisions for Jan.-June 1961 will be shown later.
Monthly average based on Apr.data.
Data for indicated months not entirely comparable with earlier data; prices comparable
later data for "screenings" and "domestic," respectively: Mar. 1962— $4. 932; $7.882;
1962— $4.739; $7.281.
Revisions for Jan.-May 1961 will be shown later.
Re visions for Jan.-Aug. 1960 appear in the Nov. 1961 SURVEY,
Less than 50,000 bbls.
See note marked "1".




(6)

8

Beginning Jan. 1963, data exclude condensate wells formerly included.
9 See note 1 for p. S-36.
9 Includes data not shown separately.
§Includes nonmarketable catalyst coke.
t Minor revisions for Jan. 1959-Sept. 1961 for various items will be shown later.
1 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 CURRENT BUSINESS

S-36
1961

Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1962

Monthly
average

May 1963

1962
Mar.

Apr.

May

June

July

1963
Aug.

Sept.

Oct.

Nov.

Feb.

Jan.

Dec.

Mar.

PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined 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 gal_.
Distillate fuel oil:
Production
mil. bbl_.
Imports
do
Exports
-- do
Stocks end of month
do
Price, wholesale (N.Y. Harbor, No. 2 fuel)
$ per gal-.
Residual fuel oil:
Production
-mil. bbl__
Imports
do
Exports
_
_ do
Stocks end of month
do
Price wholesale (Okla , No. 6)
$ per bbl__
Jet fuel (military grade only) :
Production
mil. bbl__
Stocks, end of month
do
Lubricants:
Production
do
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
at refineries) end of mo
mil. bbl_
Asphalt and tar products, shipmentsAsphalt roofinsr
total
. thous. squares
Roll roofin 0 " and cap sheet
do
Sr*in°~le^ all types
do
\sphalt siding
Insulated siding
Saturated felts

do
__
- do. thous. sh. tons

9.9
.6
11.7

10.2

.4

9.9
.1

9.7
.4

11.1

10.5

11 2

10.6

11.9
31.0

13.1
30.6

12 8
23.3

11.1
24.2

9.6
.2

9.1
.5

10 9

12.1

11.7

15.6
31 7

' 15.7
i 26 1

15.1
23.8

.106

P. 106

70.8
1 i

66.6
.8

10 4

9 9

9 8

10 0

10.2

10 1

10 0

10 1

13 3
33 2

12.6
35 7

12.4
36 7

13.5
37 3

13 7
35 3

11 3

10.3

10 6

11.4
27.3

11.5
30 1

.5

11.0

.5
9.8

10 8

.2

.5

.6

.6

2

.3

.109

.104

.110

.104

.104

.099

.099

.099

.099

.099

101

106

58.1
1.4
.6
127.6

60.0

62.1
.7

54.4
1 5

57.5
1. 5
.4
102 3

58 5
10

59 4

58 2
10

59 3

57 4

64 7

3

7
.4

59.0

121 5

140 6

.5
163 0

185 2

1 0
170 2

1.0
.7

133.4

.9

86.5

88 3

5

.9

177 0

7
.5

5

1

5

1.1
12
144 5 i 111 7

3.0

87.8

.099

.092

.100

. 094

.091

.086

.086

086

.086

086

091

096

.096

p. 096

26.3
20.3
1.2
45.8
1.58

24.6
22.0

26.9
27. 5

22.9
20.4

99 9

23 6
26 5

28 2
30.2

128.2
34.5

23.5
30.3

39 3
1.65

44 9
. 155

22 9
16.3
1. 1
54 i
1 55

22 5
19.3

37 1
1.65

23 2
17.0
10
50 7
. 155

23.1
17.8

46.6
1.58

23. 3
18.2
1. 5
41 0
1.55

55 7
1.55

54 1
1.55

51 2
1 55

50 0
1 55

1

8.0
7. 6

8.6
8.7

8.7
8.3

8.7
8.5

9 3

8.3

9.1
8.2

8.1

8 5

9.7
8.7

8.8
8.4

9.5
9.4

9 2
10 8

6 9

4 9
1.4
12.7

51

5 0
1 2
13.6

5 3

51
1. 5
12 5

50

5 3

5 3

13.3

50
1. 7
12. 7

5 3

12 8

12 5

19 9

12 2

12 6

.260

.261

.260

. 260

.260

.260

.260

260

.260

8.5
16. 0

9.1

7.0

8.5

16.3

1 9. 0

20 8

11.3
21.3

11 7
19 9

12.7
18 4

12.7
14 4

11.8
13 6

6.6
13.3

15.8

6.3

14.9

12.5

6. 7
12.0

6 5
11. 7

6 7
12.6

6 3
12.2

6 2
13.6

34.4

33. 6

27.7

30.4

33. 5

35.8

37.6

39.4

5.131
1 . 778
3, 352

5.463
1.936
3, 526

5, 814
1, 584
4 229

4. 396
1.641
2 755

5, 181
1.865
3 316

6. 250
2. 1 40
4 110

6,289
2.262
4 027

71
85
77

68
77
85

62
59
78

50
79
83

58
102
87

61
99
94

68
99
89

2

2

2

1.1

1.5

6.4

1.4

6.7

1.0

1.8

16.8

8

1.6

8

6

9

9

1.5

.8

46 9
1.55

43.6
P 1.65

9.7

7.7
9.8

9.0

50
14
12 5

5 4
18
13 1

51

4 8

13.3

13.8

.260

260

270

.270

P. 270

10.4
11 4

7 6
11 6

6 1
14 3

5.0

16 3

4. 6
18 2

6 0
14.3

6 1
16 4

6 9
20 2

i 4 6
i 22.7

18.5

39.7

38.6

35 2

29.0

19.6

15.8

6, 964
'? 501
4 463

6, 469
2.470
3 999

7. 588
2 955
4 633

5. 286
1 984
3 302

3 665
1 16?
9 503

4. 1 65
1.5S4
0
631

1.957

83
116
97

83
100
90

103
108
105

80
64
88

57
31
65

67
42
<S5

3 737
3 794
5, 366

1.5

1.9

1.0

7. 1

1.1

1.3

4.4

805

1 15'?
9

3 949
1 356
1 886

8
30
44

49
48
63

3 649
3 601
5, 470

3 919
3' 999
5. 407

PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Puli) wood:
Receipts
Consumption
Stocks, end of month
Waste paper:
Consumption
Stocks end of month

3,465
3.516
5,769

3, 662
3 666
5, 225

3, 830
3, 834
5,493

3. 353
3,689
5,116

3, 694
3. S94
4,915

3, 697
3 733
4, 852

3, 503
3 344
5, 002

4, 197
3 870
5,321

3,480
3, 500
5,314

3 945
3 867
5,393

3 556
3 689
5,251

3 323
3 314
5,255

751

749
498

795
479

760
496

777
493

762
494

67?
507

778
493

738

793

737

517

666

2.210
100
1, 285
214

2,319
106
1 358
214

2, 410
119
1 413
220

2, 345
105
1 368
221

2, 464
111
1 447
2°-3

2,368
106
1 390
215

2,118
86
1 242
193

2,471
110
1 45?
226

do
do
do

267
102
242

280
106
255

289
110
260

275
110
265

295
116
272

288
112
258

260
101
237

do
__do
do _
do

899
326
509
64

878
297
509
72

88?
298
511
72

872
295
504
73

898
324
499
75

904
329
500
75

98
36
62

99
40
59

83
32
51

87
38
49

113
45
67

206
13
192

232
23
210

233
25
208

234
28
207

231
21
210

thous. cords (128 cu. ft.) ..
do
do
thous sh tons
do

WOODPULP
Production:
Total, all grades
thous. sh. tons__
Dissolving and special alpha. _
do
Sulfate
do
Sulfite
.
--. -_
do
Ground wood
Defibrated or exploded. __
Soda, semichem., screenings, etc
Stocks, end of month:
Total, all mills
Pulp mills
__
Paper and board mills
_
Nonpaper mills
Exports, all grades, total
Dissolving and special alpha
All other
._
Imports, all grades, total. _ _
Dissolving and special alpha
All other

do_ _.
do
do
_ _ _ _ _ _ _do_ _
do
do

T

529

478

719

691

745
510

2 347

2 098

2 438

121

2 279

100

1 370

1 219

1 436

195

224

1 '^53

2 539
114
1 519
939

297
115
282

284
109
267

260
89
235

286
3

114
258

973
114
213

873
290
513
69

876
297
508
72

894
295
525
74

864
256
531
77

4

722

r fig9

73

76

101
49
52

100
35
65

81
32
48

106
38
69

122
59
70

75
21
54

136
60

209
23
186

242
23
219

223
21
9()9

264
25
238

244
25
?19

211
24
187

200
21
179

226
21
?05

3.132
2, 838
1 216
1,342
8
272

3. 155
3, 298
1 404
1.572
11

3. 086
3, 059
1 321
1.442

3, 161
3,366
1 452
1,583

3.146
2, 843
1 4)6 5
1,332

3,197
3.181
1 419
1.484

r
3, 243
3, 104
T i 378
r
1,465

505

593

2,237

2, 465

1 302

1 426

295
114
273

270
105
268

881
297
511
73

916
321
522
74

106
35
72

96
38
58

241
23
218

3, 069
3, 180
1 370
1,514
12
284

476

98

195

106

239

111

206

3

461

115
213

285

266

4 3(53

T 340

9

96
1°3
255
7°1
971
376
74
116
46
71

PAPER AND PAPER PRODUCTS
Paper and board:
Production (Bu. of the Census):
3,160
3.134
3, 088
All grades, total, seas. adj.*. .thous. sh. tons..
3, 132 ' 3, 269 3. 139
2,965
3,278
All grades, total, unadjusted
do
1, 312
1 440
1 372
1 396
1 441
Paper
do
1,370
1,534
1, 458
Paper board
do
l! 471 r 1, 538
11
11
13
12
12
"V\ et-machine board
do
270
Construction paper nncl bosrd
do
293
274
277
278
r
Revised. *> Preliminary. l Beginning Jan. 1963, data for the indicated items exclude
certain
oils which have been reclassified as petrochemical feedstocks.
2
See note marked '"['' on p. S-35.
3
Effective Jan. 1963, "screenings, etc.", included with "denbrated or exploded."




3. 169
3, 164
1 393
1,476
11

r

3.183
3. 330
1 467
1^584
13
265

r 11
11
11
12
10
r
311
320
285
267
249
237
285
4
Effective Jan. 1963, excludes stocks of "own pulp" at paper aiid board mills.
JSee similar note on p. S-35.
*Xcw scries; data prior to Dec. 1961 will be available later.

Apr.

SURVEY OF CURRENT BUSINESS

May 1963
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1961

1962

Monthly
average

S-37

1962
Mar.

Apr.

May

June

July

1963

Sept.

Aug.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS— Con.
Paper and board— con.
New orders (American Paper and Pulp Assoc.): *
All grades, paper and board
thous sh tons
Wholesale price indexes: *
Printing paper
1957—59=100
Book paper, A grade
do
Paperboard
do
Building paper and board
do
Selected types of paper (APPA):
Fine paper:
Orders, new _
thous. sh. tons__
Orders, unfilled, end of month
do

2,982

3,130

3,287

3 122

3 222

3 144

2 942

3 228

3 098

3 353

3,082

2,822

101.7
106.1
92.7
100.8

101.4
107.6
93.1
97.2

101.4
107.2
93 0
98.2

101 4
107.8
93 9
97.9

101 4
108.2
94 0
97.7

101 4
108.2
94 0
95.5

101
108
94
96

4
2
0
3

101 4
108.2
94 0
97.1

101
108
94
97

101
107
94
96

4
4
0
3

101 4
107.4
94 1
96.6

101 4
107 4
94 1
96 2

101.4
107.4
94 1
95.6

101 4
107.4
94 1
95.5

157
84

161
88

181
101

164
97

163
85

167
86

149
97

153
87

150
83

169
82

152
75

147
74

172
90

163
99

4
2
0
1

Production
Shipments __
Printing paper:
Orders, new
Orders, unfilled, end of month

do
do

160
156

166
162

175
178

171
165

174
164

169
162

142
144

167
166

159
157

175
178

160
160

151
148

166
164

159
163

do
do

402
368

421
371

478
415

429
409

435
385

405
356

392
377

412
371

417
381

431
353

374
318

402
oofi

447
346

414
368

Production
Shipments _
Coarse paper:
Orders new
Orders, unfilled, end of month

do
do

389
388

414
417

449
449

423
423

440
440

418
419

366
367

423
423

406
406

444
444

419
419

392
392

431
431

403
403

do
do

334
154

337
154

347
160

324
149

340
139

325
140

295
142

360
152

331
153

365
158

345
145

315
140

361
159

336
165

do
do. _.

331
330

341
334

354
351

342
337

362
354

329
321

294
291

356
332

329
321

359
359

363
360

311
313

351
345

338
330

do _
do
do

561
559
225

£58
557
249

578
532
315

525
543
296

574
601
269

566
573
261

527
529
260

568
575
252

552
558
246

618
646
218

609
625
202

506
530
178

518
433
264

444
420
287

513
458
342

1174
i 174
MO

179
180
39

187
186
43

173
180
36

190
187
39

188
182
44

165
169
40

188
182
47

171
179
39

188
192
35

183
184
34

166
176
25

190
183
32

174
168
37

193
187
43

Consumption by publishersd"1
do
Stocks at and in transit to publishers, end of
m on the?
thous sh tons

455

465

481

487

499

457

423

442

479

511

508

441

376

356

435

620

586

587

550

547

557

587

621

599

609

597

604

606

604

583

Imports
do
Price, rolls, contract, delivered to principal ports
$ per sh ton

453

456

439

426

484

499

453

453

418

543

458

470

359

371

134. 40

134. 40

134. 40

134. 40

134. 40

134. 40

134 40

134. 40

134. 40

134. 40

134. 40

134. 40

134. 40

1,356
496
1,281
80

1,594
476
1,608
98

1,433
486
1,409
92

1,608
493
1,610
96

1,457
452
1,474
91

1,333
414
1,369

1,456
455
1,410

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 ._

_ _

do
do
_ do

Paperboard (National Paperboard Assoc.) :
1,400
1.473
1,563
1,432
1,588
1,530
Orders, new
thous. sh. tons461
468
468
466
451
460
Orders, unfilled, end of month
do
1,394
1,471
1,432
1,583
1,539
1,603
Production, total
_
_ _ _ do
92
91
94
97
95
97
Percent of activity
Paper products:
Shipping containers, corrugated and solid fiber,
r
r
r
shipments t
mil. sq. ft. surf, area.. '9,647 '10,181 ll,181 ' 9, 478 10, 471 'lO, 356
Folding paper boxes, shipments, index of physical
124.1
127.2
129.4
118.9
125.9
volume
1947-49=100.. 124.0

r

9, 198

113.8

r

11, 402

137.2

r

r

10, 317 ' 11, 533 !0, 562

120.4

83

r

95

134. 40 P134. 40
1,417
464
1,413
r

1,596
485
1,572

95

97

1,547
483
1,535

94

9,407

10, 645

10, 374

134.1

129.0

120.3 ' 119. 1 ' 112. 6

125.9

*122.7

40.98
36.31
69.77 ' 69. 29
36.70
30.67
.300
.290

37.58
80.58
48.75
.284

.271

.270

138. 55
114. 95
281. 20
7.72

128 47
103. 53
274. 32
29.93

28.36

25 40
23.53
29 67

22 50
22.01
28 52

10, 169

8, 951

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__
Synthetic rubber: ®
Production
Consumption
Stocks, end of month
Exports
Reclaimed rubber:
Production
Consumption
Stocks, end of month

38.21
68.44
35.13
». 285

39.63
69.52
30.20
.286

37.47
68.51
33.20
.289

40.45
64.98
37.84
.298

39.40
62.50
28.64
.283

33.50
69.75
37.09
.273

37.23
68.75
35.40
.274

35.95
74.06
33.29
.274

43.70
64.22
32.67
.288

38.28
69.83
42.24
.295

117.00
91.85
245.55
24.75

131. 19
103. 58
257. 19
25.31

138. 52
103. 89
261. 84
27.99

130. 25
100. 27
261. 88
25.80

131. 95
109. 72
259. 18
21.90

124. 61
107. 76
254. 62
25.97

125 11
90.76
263. 94
24.77

126. 80
103. 25
256. 65
29.38

129. 75
100. 17
256. 26
32.71

134. 28
119. 36
252. 00
15.94

134. 98
105. 87
254. 32
23.47

142. 97
98.98
262. 58
29.28

do
do
do

21.99
20.86
32.15

23.38
21.83
29.78

24.38
22.64
30.89

23 17
22.24
30.85

24. 10
22.87
28.59

25.22
23.34
29.66

19 76
18.83
29 29

22 78
21.01
28.67

22.20
20.70
28.93

26 64
24.63
28.95

23 65
21.32
30.22

21 24
20.12
30.52

thous

thous. Ig tons
do
do
do

_

35.61
68.65
32.58
.296

r
r

r

TIRES AND TUBES
Pneumatic casings:
Production
Shipments, total
Original equipment
Replacement equipment
Export
Stocks, end of month
Exports (Bur. of Census)
Inner tubes:
Production
Shipments
Stocks, end of month
Exports (Bur. of Census)
r

,

9,728

11, 156

11, 278

10, 906

11,712

11, 959

10, 411

10,722

10, 651

12, 856

10, 844

10, 621

12 430

11 709

12, 541

do
9,859
do
2,838
do
6,908
114
do. .

11, 055
3,495
7,430

130

10,915
3,657
7,149
109

11, 565
3,735
7,717

12, 084
3,958
8,002

11 941
3, 336
8,492

10 202
1,531
8,531

11 208
3,307
7,731

13 043
4,349
8,528

11 041
4,206
6,696

113

123

11, 873
3,406
8,357

166

140

8 778
3,698
4,944

11 225
4,113
7,019

9 235
3 600
5,509

11 136
4,060
6,942

126

134

do
do

26, 128

27. 086

27, 838

27, 506

27, 627

26, 031

26, 533

26, 079

26, 050

26, 039

81

89

28, 523

27, 899

29, 054

31 693

33, 193

97

100

do
do
do
__.do

3,124
3,280
9 146

3,403
3,442
8 913
81

3 595
3 572
8 974

3 657
3 475
9 297

66

86

4,009
3,582
8,714
109

75

3,413
3,240
8,794
83

86

91

3 427
3,223
9,075
69

3 277
3,393
9,066

Revised.
» Preliminary.
1 Includes Alaska and Hawaii beginning July 1961.
*New series. Data prior to 1961 will be shown later.
d" As reported by publishers accounting for about 75 percent of total newsprint consumption in 1962. Alaska and Hawaii are represented beginning Jan. 1961.




110

96

113

140

99

103

3 116
3 280
8 907

3 026
3.210
8 772

86

80

170

111

3 108
2,974
8 963
90

75

100

3 881
3 534
9 290

3 141
3 251
9 280

62

79

136

103
3 141
2 640
9 898

89

93
24

3 954
5 074
8 938

11

92

110

J Revisions for Jan. 1959-Feb. 1962 are available upon request.
0 Revised effective with the June 1962 SURVEY to include data for stereo and other elastomers (except polyurethane rubbers) as follows: Production and consumption, beginning
Jan. 1961; stocks, beginning Dec. 1960.

SUEVEY OF CURRENT BUSINESS

S-38
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1961

1962

Monthly
average

Mar 1963

1962
Mar.

Apr.

July

June

May

1963
Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

18, 289
47
14, 559

14, 750
42
14, 735

21, 525
54
21.490

42, 282 '42 293
22 286 28 093

42, 328
31 802

STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
thous. bbl.. 26,950
74
thous . bbl - - 26,889

Production, finished cement
Percent of capacity
Shipmen t s , finished cement
Stocks, end of month:
Clinker

do

28, 027
75
27, 892

20, 454
54
21, 269

28, 089
77
27, 990

33, 719
88
33, 677

32, 304
88
33, 625

33, 388
86
35, 611

36, 132
93
40, 669

33, 669
90
33, 120

33,926
87
36, 498

29, 339
78
27, 346

22, 940
59
16, 753

35, 879 36, 683
25, 021 24 083

39, 817
32, 891

39, 958
32, 767

40, 076
30, 031

38, 684
27,942

36, 453
95, 189

31,964
20, 480

32, 521
17, 831

29, 901
15, 302

32,324
14. 931

38, 531
17 920

586.2
37.5
146.0

503.5
31.3
125. 7

649.9
35.2
159.3

725.8
39.0
175.8

668.7
36.1
172.5

676.6
39.2
170.0

718.2
37.8
186.3

608.9
34.6
158.7

34.5

29.1

34.9

36.5

35.5

37.4

42.9

34.7

40.2

'33.9

'30.1

'25.6

21.4

20.8

20.3

22.6

22.0

21.0

24.8

21.0

24.0

' 21.2

' 18.4

' 19.9

18.6

104.9

105.1

105.1

104.9

104.9

104.9

104.9

104.9

104.8

104.8

105 0

' 105. 7

105.7

71, 506
31,612
39, 894

74, 658
32, 144
42, 514

r

CLAY CONSTRUCTION PRODUCTS
Shipments: t
Brick, unglazed (common and face)
mil standard brick. _ 535.6
39.7
Structural tile, except facing
thous. sh . tons_.
145.8
Sewer pipe and fittings vitrified
do
Facing tile (hollow), glazed and unglazed
mil brick equivalent- . 35.3
Floor and wall tile and accessories , glared and un19.0
glazed
mil. sq. ft__
Price index, "brick (common), f.o.b. plant or N.Y.
dock
1957-59=100.. 103.8

688.5 r 586. 8 '399 2 ' 371. 3
39.9
'33.7
'27.4 '24.4
166.1 ' 138. 4 ' 94 6 ' 89.3

345.2
24.7
79 0
20.9

GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments (qtrly. total and qtrly.
average)
thous. $.- 165,113
127,743
Sheet (window) glass shipments
do
37, 370
Plate and other flat glass shipments
do
Glass containers: J
Production

64, 322
26, 613
37 709

69, 574
32, 677
36, 897

67, 958
28 734
39 224

77 470
35 014
42 456

thous. gross.- '14, 013 ' 14, 655 '14,638 ' 14, 142 ' 15, 413 ' 16, 181 ' 15, 976 '16,539 ' 14, 637 ' 15, 173 ' 13, 438 ' 12, 924 ' 14, 580

13 387

15,630

'13,668 '14,319 ' 14, 075 ' 13, 576 '15,312 '15,693 ' 14, 304 '17,495 '16,455 '14,587 '13,147 ' 12, 508 '13,226
Shipments, domestic, total
do
General-use food:
1,492
1,582 ' 1, 369
1,251
1,487 ' 1, 607 ' 3, 083
1,256
2,845 ' 1, 582 1,086
1,057
Narrow-neck food
_ do
1,208
Wide-mouth food (incl. packers' tumblers,
'
3,
912
'
4,
110
'
3,
512
'
4, 155 ' 3, 998 ' 5, 076 ' 4, 547 ' 4, 733 ' 4, 195 ' 3, 601 ' 4, 165
'
3,
903
'
4,
150
jelly glasses, and fruit jars)
thous. gross. .

12, 113

14, 639

1,196

1,401

3,568

3,933

r
r
1,007 r 1, 187 ' 1, 182 ' 1, 593 ' 1 762' 1, 740 r 1, 423 ' 1, 118
'823
762
983 ' 1 235 '835
843
' 2, 183 ' 1, 995 ' 2, 136 ' 2, 780 ' 3, 042 ' 2, 826 ' 2, 516 ' 2, 908 ' 1, 569 ' 1, 636 ' 1 876'1 653 1 570
' 1, 291 ' 1, 269 ' 1, 387 ' 1, 209 ' 1, 268 ' 1, 289 '996 ' 1, 297 ' 1, 330 ' 1, 577 ' 1, 437 ' 1, 143 '1 206 1 116

1 413
2 502
1,328

B e verage
Beer bottles
Liquor and wine - -

do
do
do

r 1, 831

Medicinal and toilet
Chemical, household and industrial
Dairy products

do
do
do

2,985
1,007
142

Stocks, end of month

do

3,066
786
134

' 3, 278

2,966
'797
112

3,035
'827
118

3 097
'876

2 618
'725

3,357
'880
168

3 123
'770

3 345
'807

2 997
'667

2 789
'664

3 312

3 190

717
130

2 987

143

'21,833 '22,921 '23,432 '23,612 '23 545 '23,797 '25 076 '23 847 '21 640 '21 837 '21 964 '21 128

22 931

24 504

25 450

14 834

14 459

15 452

811
120

123

r HI

170

151

146

732
101

765
107

GYPSUM AND PRODUCTS
Crude gypsum, qtrly. avg. or total:
Imports
thous sh. tons__
Production
do

1,242
2,375

1,355
2,459

1,019
2,038

1,364
2,609

1, 542
2,706

1,495
2 482

Calcined, production, qtrly. avg. or total-.- do

2,062

2, 205

1,916

2,312

2,429

2,161

1,000

65

981
67

643
67

1,132

1,111

1,037

256
264

256
257

226
207

396.2
335.5
mil. sq ft.. 411.6
1, 483. 9 1, 657. 9 1, 395. 1
do
58.9
46.2
56.6
do ..-

Gypsum products sold or used, qtrly. avg. or total:
Uncalcined uses
thous sh tonsIndustrial uses
do
Building uses:
Plasters:
Base-coat
do
All other (incl. Keene's cement)
do
Lath
Wallboard
Allother§

68

67

68

273
271

287
297

239
254

426.4
1, 736. 4
67.1

448.1
1, 822. 8
66.6

374.7
1, 670. 7
55.6

TEXTILE PRODUCTS
APPAREL
Hosiery, shipments . _ __
Men's apparel, cuttings: d"
Tailored garments:
Suits
Overcoats and topcoats

..thous. doz. pairs. _ 14,008 '14,343 '14,934 ' 13, 035 '14,280

r

14, 823 ' 12, 420 '17, 210 '14,040 '16 463 '14,521 '11 528

1,572
389

1,789
366

1,881
281

1,873
370

1,796
470

1,649
500

1 200
354

2,002
533

1 750
442

2 126
452

1 878
360

1 712
210

2 167
220

1 834
247

1 965
' 268

815
8,641
1,878

1,064
8,535
2,084

1,124
9,849
2,258

1,079
8,824
2,042

1,124
9,312
2,245

1,067
9,075
2,003

672
7,559
1,563

1,191
10, 028
2,208

960
8,247
2,021

1,160
8,915
2,216

1,080
7,527
2,287

1,096
6,406
1,872

1,128
9,003
2,191

1,068
8,384
2,156

1,181
9,326
2 235

264
304

311
310

308
324

308
338

332
331

315
326

303
256

387
334

302
289

321
341

285
312

271
250

318
293

321
314

342
327

2,006
20,855
764

2 124
21, 178
782

2,566
26,654
1,109

1,275
26, 143
673

1,223
27, 130
583

2,064
20,800
815

2,274
17, 782
726

2,688
21, 804
728

2 318
18, 135
535

2 692
20 624
624

2 545
18 806
689

Waists, blouses, and shirts
thous. doz.. 1,245
1,656
1,557
1,566
1,365
Skirts
do... .
663
740
757
905
727
T
Revised.
i Revisions for 1960 are shown in the Apr. 1962 SURVEY,
I Revisions for Jan.-Mar. 1961 for clay products, and for Jan. 1961-Feb. 1962 for glass
containers will be shown later.

1,237
780

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:^
Coats
..
thous units
Dresses
.
. do
Suits
do




1 393 1 948 2 353
2 155
14 679 21 031 21 902 27 320
1 080 1 123 1 041
667

1,226
1,372
1,159
1,520
1 332 1 400
1 369
916
804
893
700
775
683
705
658
468
§ 1Com prises sheathing, formboard, and laminated board.
d Revisions for Jan. 1959-Oct. 1961 are available upon request.

1 538
776

Apr.

SURVEY OF CURRENT BUSINESS

lft<>3

Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1961

1962

Monthly
average

S-39

1962
Mar.

Apr.

May

June

July

1963

Aug.

I
Sept,

Oct.

Nov.

9,156

12,061

Jan.

Dec.

Feb.

Mar.

Apr.

TEXTILE PRODUCTS— Continued
COTTON
Cotton (exclusive oflinters):
Production:
Ginnings§
thous . running bales . _ '14,325 i 14. 864
Crop estimate, equivalent 500-1 b. bales
thous. bales. . M4,318 ' 14 , 807
Consumption1?!
Stocks in the United States, end of mo.,
total!
Domestic cotton, total
On farms and in transit
Public storage and compresses
Consuming establishments
Foreign cotton total

287

1, 501

4.681

2

12.937

do

710

727

731

4808

713

099

4690

693

601

'•823

067

590

do
do
do
do
do
do

13, 447
13; 373
3,770
7,794
1,809
75

14.012
14. 520
3.402
9,470
1.054
80

12.054
11,980
458
9. 380
2, 137
74

10, 894
10,828
407
8,331
2, 090
05

9, 826

8.711
8, 001

354
7,448
1, 909
54

0, 001
1,744
49

7.831
7, 789
190
0. 095
1,504
42

21. 521
21 . 404
13,574
0, 597
1. 233
117

20, 724
20, 000
10. 840
8,031
1, 129
124

19.752
19, 628
0, 759
11,055
1.214
124

18.792
18.075
4. 299
12, 997
1.379
116

17.823
17,717
1 . 951
14, 304
1,402
100

321
533
Exports
.._
do
12
14
Imports!
do
p
8
32.
2
^
32.
8
Prices (farm), American upland
cents per lb._
«33.7 p P 33. 3
Prices, middling 1", avg. 14 marketsc?
do

392
5
30.6
33.8

302
4
32.2
33.8

301
3
33.6
33.9

425
1
33.0
34.1

404
1
33.4
34.0

139
89
32.0
33.4

163
24
33.2
33.0

157
3
32.6
33.0

299
3
31.8
33.0

383
1
31.0
33.1

111
156
689

4124
124
694

105
85
655

103
58
598

485
51
576

105
69
524

101
157
539

4 125
223
614

101
222
696

99
180
729

18, 978 18, 987
17,105 17,107
9. 597 411,668
480
407
8,622 410,535

18, 806
16, 901
9, 501
475
8,506

18, 817
16, 869
9,510
476
8,481

18,761
16, 773
4 9, 697
388
4 8, 621

18, 798
16, 731
9. 432
472
8,382

18, 689 18, 712
16, 543 16, 495
9,131 4 11,565
463
457
8, 034 4 10, 134

18,730
16, 395
9, 253
463
8, 035

.670
.941

.661
.938

.661
.938

.656
.936

.656
.931

.651
.926

.651
.924

11.4

11.0

10.1

12.2

9.2

9.4

10.1

10.3

Cotton linters:
Consurnptionf!
Production
Stocks end of mo!

109
130
543

108
141
633

Bpindle activity (cotton system spindles) :lt
Active spindle^ last working dav total thous
Consuming 100 percent cotton
do
Spindle hours operated all fibers total
mil
Average per working day
do
Consuming 100 percent cotton
do

19, 037
17,330
9,764
450
8,887

18, 832
16, 795
9,920
459
8,816

Cotton yarn, natural stock, on cones or tubes:
Prices, f.o.b. mill:
20/2 carded weaving
$ per Ib
36/2 combed knitting
do

.647
.926

.660
.938

thous bales
do
do

3

14, 027

< 790

659

600

16. 815 15, 918 14, 791
10,693 >• 15,790 14, 070
914
072
1,012 r
14, 142 13, 201 12,347
1, 021
1, 057
1,539
115
' 122
122
211

30.1
33.4
<

114

194
811

522
2
29.7
33.8

440

31.9
34.0

100
' 171
••826

100
150
831

33.0
34.1

COTTON MANUFACTURES

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
Eatio of stocks to unfilled orders (at cotton
Exports!
Imports!

thous sq yd
do

Mill marginsf
cents perlb..
Prices, wholesale:
Denim, mill
finished
cents per yd__
Print cloth 39 inch 68 x 72
do
Sheeting class B 40-inch 48 x 44-48
do

2,292

11.8

2,318

10.8

.070
.956

2,435

2,425

11.9

.654
.931

18. 750 18,011
16. 374 10r 222
8.450 411,206
422
448
7,317 4 9, 705

.651
.924

2,180

18, 541
16, 029
9,316
466
8, 044

.646
'.910

^643
•p 910

18,030
15, 995
9,394
470
8,043

2,234

11.1

9.8

9.4

9.7

5,5

5.4

4.8

4.9

5.0

5.1

6.5

5.4

5.6

5.7

5.8

6.2

5.9

5.5

5.4

.47

.51

.42

.44

.47

.51

.55

.56

.56

.54

.55

.56

.60

.02

.58

39, 117
21,254

34, 691
38, 671

42, 111
42, 860

39, 618
57, 001

35, 428
34, 381

39, 091
30, 757

34, 061
28, 562

31, 823
30, 960

29, 797
37, 819

29, 561
46, 474

31, 094
27, 388

32. 084 -16,219 '37,099
38, 019 31, 154 53, 689

34, 358

24.49

25.24

25.09

25.38

25.06

24.90

25.10

25.23

25.70

25.63

25.58

25. 37

25. 10

24.81

24.54

24.18

38.3
15.1
16.3

39.6
15.4
17.0

39.6
15.5
17.0

40.3
15.5
17.0

40.3
15.5
17.0

40.3
15.5
17.0

40.3
15.5
17.0

40.3
15.4
17.0

40.3
15.3
17.0

40.3
15.3
17.0

38.3
15.3
17.0

38.3
15.4
17.0

38.3
' 15.4
17.0

"38.3
p 15.5
v 17.0

614.0
109. 0
139.3
260.5
44 0

« 58.7
5 46. 0

MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly. avg. or total
Staple incl tow (ravon)
Textile glass

mil. lb_.
do

fiber

Exports:
Yarns and monofilaments!
Staple, tow, and tops
_
Imports:
Yarns and monofilaments!
Staple, tow and tops!
Stocks, producers', end of mo.:
Filament yarn (rayon and acetate)
Staple, incl tow (rayon)
Noncellulosic
fiber*
Textile glass
fiber*
Prices, rayon (viscose) :
Yarn, filament, 150 denier..
Staple, 1.5 denier
__

do
thous Ib
do
do
do
mil. l b _ do
do
do
$perlb_.
_ _ do

Manmade fiber broadwoven fabrics:
Production, qtrly. avg. or total! 9 ..mil. lin. yd._
Rayon and acetate (excl. tire fabric)
do
Nylon and chiefly nylon mixtures
do
Polyester and chieflv polyester blends* do
Exports, piece goods!

thous. sq. vd

593.8
175.6
119.2
243.0
56.0

T

590. 0
180.6
119.9
245.9
43.6

621. 3

485.6
160.4
100.2
187.7
37.3

' 596. 5
181.5
125.0
242.6
'47. 4

580.8
188.1
123. 0
221.7
48.0

7,018
3,834

9,177
4,281

8,784
3,513

9,208
4,338

8,721
4,406

10, 240
3,995

6, 544
3,024

11. 549
4, 215

10, 484
5, 414

7,840
3,881

9,020
5,200

11, 776
5,419

2, 808
1,818

541
3,374

809
5,463

537
5, 715

548
4,351

847
5,086

711
5, 771

1,106
5,738

859
6,030

1,070
5,252

930
3,516

902
4,801

861
6,673

569

747

56.4
53.5
70.9
22.1

53.2
48.4
878.2
626.8

51.3
49.5
63.7
21.1

51.6
51.1

49.8
48.5

47.9
51.2
67.6
28.4

51.1
54.5

54.0
54.4

57. 1
52.9
82.4
30.2

58.4
48.4

59.6
41.8

62.7
40.0
99.3
27.5

62.1
41.9

62.2
39.8

.82
.26

.82
.26

.82
.27

.82
.27

.82
.27

.82
.27

.82
.27

.82
.27

.82
.27

.82
.26

.82
.26

.82
.26

.82
.26

P. 82
p. 26

596.2
366.3
64.1
111.6

665.2
390. 5
73.2
140.8

657.7
394.1
75.1
128.7

11, 559

11, 633

12, 964

6
6

663.1
392.3
75.6
128.8

r

642. 4
374.4
69.6
141 4

41.8
7,747
' 4, 467

13, 620

9,422

10, 577

11, 784

10, 353

11, 087

13,664

4,995

16, 398

524
Imports, raw..
thous Ib
557
544
421
539
Price, raw, A A, 20-22 denier. _
$perlb_. 5.20
6.03
5.42
5.98
5.73
Production, fabric, qtrly. avg. or total
thous. lin. yd.. 5,732 6,120 6,325
f
Revised. * Preliminary. 1 Total crop for year. 2 Ginnings to Dec. 13. 6 3 Ginnings
to Jan.
16. * Data cover a 5-week period.
« Data
are for month shown.
Qtrly. avg.
7
s
Less than 500 bales.
* Season average.
Season average to Apr. 1, 1962.
HData for Apr., July, and Oct. 1962 and Jan. 1963 cover 6-week periods, other months, 4
we«ks.
ONew series from U.S. Dept. of Agriculture and American Textile Mfrs. Inst., Inc.;
data for 1946-61 are available upon request.

399
6.22

473
6.20

785
6.36

525
5.98

741
6.42

655
6.49

328
7.22

582
7.63

267
^7.63




12, 661

6,047

5,884

60.2
36.8
99 7
24 9

59.1
36.2

697. 6
401.3
72.6
164 5

11,890

SILK

8,421
3,046

14, 954

6,224

{Scattered revisions for 1959-1961 are available upon request.
f Revised series. See note in the Sept. 1961 SURVEY; data for Aug. 1957-June 1960 are
available upon request
9 Includes data not shown separately. *New series; data for 1954-60 are available
upon request.
o*Beginning Aug. 1962, includes Phoenix, Ariz. (15 markets).

SURVEY OF CURRENT BUSINESS

S-40
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS

1961

1962

Monthly
average

May 1003

1962
Mar.

Apr.

May

July

June

1963
Aug.

Sept.

Oct.

Nov.

Jan.

Dec.

Feb.

Mar.

Apr.

TEXTILE PRODUCTS-Continued
WOOL
Wool consumption, mill (clean basis) :1J
Apparel class
thous. lb__
Carpet class
- do _.
Wool imports, clean content
do
Apparel class, clean content...
do
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
Graded territory,
fine
$ per lb...
Graded fleece % blood
do _
Australian, 64s, 70s, good topmaking
do

21, 923
12, 421
21, 079
10,011

23, 254
12, 363
23, 088
15, 207

23, 523
11 159
25. 945
19, 187

1.184
1.032
1.110

1.247
1.090
1.155

Knitting yarn, worsted, 2/20s-50s/56s, Bradford
96.7
system wholesale price
1957-59= 100__
Woolen and worsted woven goods, exc. felts:
Production, qtrly avg or total
thous. lin. yd_ 71,721
Apparel fabrics total
do _ 70,035
43,228
Women's and children's
do
Prices, wholesale, suiting, f.o.b. mill:
93.8
Flannel men's and boy's
1957-59 =100. _
95.2
Gabardine women's and children's
do

94.9
96.3

94.6
95.2

1
27,
1

828
12, 216
21,019
13, 846

23, 434
11 501
20 133
13,579

1.200
1.075
1.125

1.224
1.075
1.125

1.233
1.075
1.135

100.6

99.2

100.5

100.5

76, 568
74, 326
44, 449

75, 464
73, 431
42, 066

23, 061 123 251
11 932 i 10 177
22, 387 16 828
15, 485 11,210

22, 152
13 235
24, 433
14, 849

1.245
1 075
1.175

1.252
1.075
1.175

1.275
1 075
1.175

100.5

100 5

100.5

21, 268 126 335
12 940 i 16 263
21,001 25 102
12, 562 14, 514

20 594
12 470
25 837
17, 825

1.275
1 085
1.175

1.275
1 111
1.175

1.281
1 145
1.175

101.7

101.7

102 9

19 258 ]25 017
10 991 i]4 957
27 644
17, 716

22 634 22, 193
!3 448 14 330

r

1.325
1 151
1.275

1.325
1 160
1.275

1.300
1 145
1.175

1.310
1 145
1.215

1.325
1 154
1.275

102 9

105.4

105.4

95.8
96 9

95.8

47.3
1,321
21.8

62.2
1 428
37.6

33.7

WOOL MANUFACTURES

82, 505
80 813
48, 362

94.6
95.2

94.6
96.9

95.0
96.9

TRANSPORTATION

77, 867
75 805
48, 059

95.0
96 9

95.0
96.9

95.0
96 9

70 437
67 253
39 309

95.0
96.9

95.4
96 9

95.8
96 9

EQUIPMENT

AEROSPACE VEHICLESA
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

3,357
2,619
3,035

3,722
2,984
3,318

3,199
2,552
2,868

3.512
2, 663
3,021

4, 055
3,343
3, 670

4 121
3,378
3 713

3,738
2,883

3,962
3,120

3,875
3,037

4,016
3,060

3,862
3,057

4 095
3 327

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. $

13,965

13, 137 ' 13, 469
10, 567 r 10. 652
5,048
5,213
1,528
1,504

' 12, 950
r 10, 246
5,127
1,476

'13,111
'10,516
5,037
1,455

13 137
10 567
5 048
1 598

11,043
5,646
1,546

r

r

3,829

4,045

'3,919

1,803

1,486

1,670

82.1
1,824
28.0

81.8
1,682
27.3

77.6
1,747
48.2

111.2
2,511
45.1

121.2
2,345
31.6

92.4
1,915
11.4

77.9
1.395
17.1

88.3
1,400
10.4

49.2
1,032
17.1

44 o
1 216
21 8

65 6
1 419
26 1

57 4
1 437
12 3

thous__
do
do
do .
do
do

556.4
527. 3
461.9
450.2
94.5
77.1

681.1
654.6
577.8
562.8
103.3
91.9

713.9
685. 3
605 8
588.5
108.1
96.8

719.6
687.8
614.3
594.8
105. 3
93.0

786.2
756.7
673.5
656. 6
112.7
100.1

678.2
651.2
569.2
555.0
109.0
96.2

687.7
663.9
587. 1
575. 4
100.7
88.5

299.2
282.0
218.6
213.2
80.6
68.8

519.9
501.9
442.5
432. 5
77.4
69.4

851.0
817. 7
726 9
705.7
124.1
112.0

802.0
769 4
689 5
669 6
112.5
99 8

776.1
751. 5
661.4
647.4
114.7
104.1

791.0
768.6
670.2
658.0
120.8
110.6

723. 7
698 8
607 9
592 8
115. 8
106 0

782.5
753.4
654 1
637.1
128.5
116.3

number
do
do .

23,447
10,086
13,361

20,100
11,246
8,855

21, 794
12, 140
9,654

23, 719
15, 204
8,515

22, 065
11,882
10,183

22,378
10, 895
11,483

16,669
7,803
8,866

15, 765
5,940
9,825

18, 405
11,815
6,590

17, 749
10, 934
6,815

23 383
14' 002
9 381

20 567
11, 807
8,760

6,591
3,370
3,221

25 916
12 849
13,067

99 799

24, 860
24, 076

33, 080
32, 063

36. 870
35, 564

32, 607
31,326

32, 335
31, 189

30. 523
29, 460

27, 754
27, 198

19, 394
18, 977

29, 442
28, 686

35, 087
34 081

37 272
36 195

45, 678
44, 220

32, 904
32, 020

37, 472
36, 567

do
do
do _.

4,263
2,650
462

5,648
3,724
995

6,393
4,543
456

5,934
3,994
496

6,391
4,217
393

5,721
3,442
228

4,999
3,014
944

5,462
3,310
1,353

5,117
3,190
1,836

5 970
3 920
2 184

5 717
3 951
1 837

5 290
3 689
759

5.744
3,906
624

5,384
3,604
790

6 143
3' 964
l'039

thous..
do
do

487.9
31.6
76.6

578.2
28.3
89.1

591.7
29 4
86.5

635.0
31.1
95.2

643.5
29.4
93.8

601.9
28 7
88.4

613.6
30.5
90.8

540.2
27.6
94.9

373.9
25.6
74.8

677.7
29.5
102.3

637.5
26 6
92 4

644.4
29 8
101 3

553.9
27 0
90.5

498. 0
27 6
82.4

624.2
32 5
99 2

Freight cars (ARCI):
Shipments _ _ .
Equipment manufacturers, total
Railroad shops, domestic __

number
do. __
do _

2,655
1,572
1,083

3,046
1,962
1,085

4,077
3,076
1,001

3,421
1,677
1,744

3,758
1,909
1,849

3,910
2,219
1,691

3,181
2,289
892

3,541
2,205
1,336

2,946
1,984
962

2,799
2,162
637

2, 205
1,660
545

1,899
1,336
563

2,445
1,330
1,115

3 074
1.820
1,254

4 026
2 639
1 387

New orders
Equipment manufacturers, total
Railroad shops, domestic

__ do _.
do
do

2,564
1. 597
967

3,087
1,989
1,098

1,557
1,500
57

2, 445
1,432
1,013

3,188
2,855
333

3.411
2,294
1,117

3,088
1,630
1,458

2,781
1,710
1,071

1,551
1,218
333

4.329
2,673
1,656

3,570
2,959
611

4,317
1,736
2,581

5, 674
3,384
' 2, 290

5,808
3,186
2,622

do __ 13, 462
do
4,616
do
8,846

14, 315
6,788
7,527

15, 265
6,441
8,824

14,244
6,152
8,092

13, 778
7,100
6,678

13, 274
7,171
6,103

13, 192
6,516
6,676

12, 429
6,003
6,426

11,064
5,264
5,800

12, 159
5, 737
6,422

13, 502
7,039
6,463

16, 122
7,446
8,676

17, 565
9,177
8,388

19, 952
10, 785
9,167

21,307
11,155
10, 152

17
202

23
174

5
259

24
235

72
175

50
163

45
120

25
134

12
122

14
108

13
119

18
126

0
126

0
136

0
153

1,607
8.8

1,552
8.0

1,598
8.5

1,594
8.4

1,588
8.3

1,582
8.2

1,577
8.4

1,573
8.6

1,567
8.4

1,563
8.4

1,559
8.3

1,552
8.0

1,547
8.2

1,545
8.3

1,543
8.3

Aircraft (civilian) : Shipments ©
do _ _
Airframe weight © thous lb
Exports^
mil. $.

3, 601

1,644

4, 218

4 045

1,367

1 486
r

MOTOR VEHICLES
Factory sales, total—
_
Domestic
Passenger cars, total
Domestic.
__
Trucks and buses, total—
Domestic

___

Exports, total t
Passenger cars (new and used)
Trucks and buses

_

Imports (cars, trucks, buses), totalcf
t
Passenger cars (new and used) d?1
Production, truck trailers: t
Complete trailers, total
Vans
Chassis, van bodies, for sale separately
Registrations :O
New passenger cars
Foreign cars
New commercial cars

do
do

2819.2
2

12 652
10, 077

RAILROAD EQUIPMENT

Unfilled orders, end of mo
Equipment manufacturers, total
Railroad shops, domestic

Passenger cars: Shipments
do
Unfilled orders, end of mo . do
Freight cars, class 1 (AAR): §
Number owned, end of year or mo
Held for repairs, % of total owned
T

Revised.

1

Data cover 5 weeks.

_ thous
2

Preliminary estimate of production.

tSee corresponding note, p. S-39.
J Revisions for 1959-61 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, I960, are
not available.




r
T

3, 820
2, 965
855

T
r

fRevisions for 1960-Mar. 1961 are available upon request.
9 Total includes backlog for nonrelated products and services and basic research.
©Data include military-type planes shipped to foreign governments.
cfData cover complete units, chassis, and bodies.
0Courtesy 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.-1963

691 8

2127.4

INDEX TO CURRENT BUSINESS STATISTICS, Pages
SECTIONS
General:
Business indicators
Commodity prices
Construction and real estate „__
Domestic trade

.

1-7
7,8
9, 10
10-12

Employment and population.
. 12-16
Finance
— 16-21
Foreign trade of the United States
21-23
Transportation and communications.. 23, 24

Industry:
Chemicals and allied products ...
Electric power and gas
Food and kindred products; tobacco
Leather and productsLumber and manufactures
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and paper products--Rubber and rubber products .....
Stone, clay, and glass products
Textile products
Transportation equipment

-

.

24, 25
26
26-30
30, 31
31
3 2-34
35, 36
36, 37

37
38
38-40
.
40

.
.

INDIVIDUAL SERIES
Advertising
10,11,16
Aerospace vehicles
40
Agricultural loans
.
16
Air carrier operations
.
,
23
Aircraft and parts
,
3, 13-15, 40
Alcohol, denatured and ethyl
25
Alcoholic beverages
8, 10, 26
Aluminum
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
33
Battery shipments
„.
34
Beef and veal
28
Beverages
4, 8, 10, 26
Blast furnaces, steel works, etc
13-15
Bonds, outstanding, issued, prices, sales,
yields
.
18-20
Brass and bronze
33
Brick_
38
Broker's balances
20
Building and construction materials. 8-10, 31, 36, 38
Building costs
9, 10
Business incorporations (new), failures
7
Business population
2
Business sales and inventories
4, 5
Butter
.
27
Cans (tinplate)
.
33
Car-loadings
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
C!ay 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
Drugstores, 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, 13
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,

Express operations.

2,21,22
...........—
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)-- I, 21-23
Income, personal
2, 3
Income and employment tax receipts--.
18
Industrial production indexes:
By industry
.
3, 4
By market grouping
3, 4
Installment credit
12,17, 18
Installment sales, department stores
12
Instruments and related products
3, 13-15
Insulating materials
34
Insurance, life
18, 19
Interest and money rates
17
Inventories, manufacturers' and trade
4-6, 11, 12
Inventory-sales ratios
5
Iron and steel
.... 3, 5, 6, 8, 10, 19, 22, 23, 32, 33
Labor advertising index, disputes, turnover
16
Labor force
12
Lamb and mutton
,
28
Lard
28
Lead
33
Leather and products
3 8, 13-15, 30, 31
Life insurance
18, 19
Linseed oil
30
Livestock
3, 7,8,24, 28
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit)
10, 16, 17, 20
Lubricants
,
35, 36
Lumber and products
3, 5, 6, 8, 10-15, 19, 31
Machine tools
34
Machinery
3,5,6,8, 13-15, 19,22,34
Mail order houses, sales
11
Manrnade 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 applications, 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 .4
National income; jfe..,, , ..„
National parks, visit*....—..
Newsprint
..4,
New York Stock!
Nonferrous tnetalft^^^y,*********~t
Noninstallment credit..--...-.—„
Oats...
Oil burners.
,_
Oils and fate-l-.::..^;*.,
Orders, new and —"**""• '
Ordnance
Paint and paint materials.
Panama Canal traffic.
Parity ratio
_„
,„
Passports issued *^ j~L->.M*-r*-»«
Payrolls, inde:
Personal cons
Personal income. * * »^».»*.^
Petroleum and i
Pig iron
Plant and
Plastics and
Population w.*!")*.,
Pork
Postal savings. »„;.,
Poultry and egj
Prices (see also
^^.^
Printing and publishing..
Profits, corporate, * 4 **,'„.
Public utilities..»^.Li»»
Pullman Company...—,
Pulp and pulj
"*
Purchasing power pi roe ciqiiay......-....^*».«•.. \
Radiators and c on vectors. ....
Radio and
Railroads.
_;
_„
Railways (local) and bos 1
Rayon and acetate. „,..*/"
Real estate
.-. ..
Receipts, U.S. Governmt
Recreation
...^^.-•w.*,-^'*****!,*^ <
Refrigerators and home
freezers-.——....,.
Rent (housing).
Retail trade....
Rice__
.—»...-..—.
Roofing and siding* asphalt—...
Rubber and products...
.. Rye.
Saving, persona! _
Savings deposits..*.
Securities issued.
Services_______„...,»,.,**..»;,,*.,
Sheep and lamb*,*.,*.....**..
Shoes and other Ibotweaf .»„*..*-**,
Silk, prices, imports, production..
Silver...____.-..4..«^.l(.^..«*,
Soybean cake and meal and oil- ...
Spindle activity* c«itt«in,,^*..^*.*»*
Steel ingots and. steel manufactures
Steel scrap- _ .—.«,.»...»»*,*5^»«*,«..
Stock prices, earnings, sales, etc.— _ u=: 201
Stocks, department; fit
Stone, clay, and glass
Stoves and ranges
Sulfur"."
~""
Sulfuric acid—.-..
Superphosphate.. .w»..
Tea imports-. _.«..-....-...«.«..—.,
Telephone, telegraph, cable, ' and
graph carriers*.*..-.^**
Television and w^O-^
Textiles and products,.
Tin --------- ~^.**.H-.*
Tires and inner tubf *.,
Tobacco a
Tractors_______.....»..x..»,^»~*

Trade (manufacturing, wholesale, and re»
tail)
Transit lines, localTransportation- - , ...»»»..
Transportation
Travel.
Truck trailers., ..«..4».*t***M«*
Trucks (industrial motor) ----

. 12
23
24
:|3» 24

40

^*^,-.u i&is
_^IM*g

Unemplo
U.S. Governmen
U.S. Governm
Utilities

£1,26

Vacuum cleanen. **,**.*»-*—
Variety stores* . * ».J.»*»^w**..
Vegetable oito.*
Vegetables and
-~_ ..„..
Vessels cleared in foreign trade
Veterans" benefits <.*«,
Wages and BalajriBi**^
Washers and driers ^*i<,
Water heaters.<» *
Waterway traffic
f».^»
Wheat and wheat fl0W*
Wholesale
Wholesale trade
Wood pulp
*„.
.-*.*^*«*...^fi*^ ,

9ft-

Wool and wool manufactures.—„_... 7,8,23,40

Zinc

„

..i

,..,4.^—^^-,^«w 13*34

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