Full text of Survey of Current Business : May 1964
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MAY 1964
survey of
CURRENT
BUSINESS
U.S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
SURVEY OF CURRENT BUSINESS
MAY' 1964
VOL. 44, NO. 5
U.S. Department of Commerce
Luther H. Hodges
Secretary
Office of Business Economics
George Jaszi
Director
Contents
THE BUSINESS SITUATION
Summary
PAGE
Louis J. Paradiso
Associate Director
,
Developments in Agriculture.
Murray F. Foss
Editor
K. Celeate Stokes
Billy Jo Hur
Statistics Editor
Graphics
Brisk Advance in Final Purchases Features First Quarter
GNP ..
Pattern of GNP Advance.
.....
STAFF CONTRIBUTORS
TO THIS ISSUE
National Income and Corporate P r o f i t s . . . . . . . . . . . . . . . . . .
Business Revieiv and Feature:
David R. Hull, Jr.
ARTICLES
Capital Formation, Saving, and Credit.
Financial Institutions
Corporate F i n a n c e . . . . . . . . . . . . . . . . .
Consumer Borrowing Up A g a i n . . . .
Government Borrowing
Shifting Patterns in Retail Trade.
11
12
14
15
16
19
National Income and Product:
Rober B. Bretzfelder
23
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John A. Gorman
Paul E. Shea
Imogene G. Petersen
Eleanor A. Kear
Lillian L. Ilaynes
Robert M.Wiley
NEW AND REVISED STATISTICAL SERIES
Manufacturing and Trade-—Revised Estimates of Sales and
Inventories
...,,....,
CURRENT BUSINESS STATISTICS
General
Industry.
Subject Index
.*
S1-S24
S24-S40
. . . . * . . . 1 nside Back Cover
...
........
U.S. DEPARTMENT OF COMMERCE FIELD OFFICES
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By the Office of Business Economics
ECOND quarter business activity was
off to a good start as income and output
continued to rise in April. Gains so far
in the current quarter appear solid if
not spectacular. Last month's advance
in personal income was above the average of the recent period and so was the
rise in nonfarm employment. The increase in industrial production, widespread throughout manufacturing, was
the best in almost a year.
On the basis of very limited data it
appears that although final demand has
been very high this spring, in the past
2 months it has not exhibited the same
strong upward push that was evident
in late 1963 and early 1964. Preliminary estimates place April retail sales
about the same as the March rate and
not much different from the peak firstquarter average. Some of the factors
which may account for this relative
stability in face of the tax cut are discussed below. In view of the large
advance in disposable income from the
new law, an increase in retail trade may
be expected in the months ahead.
Housing outlays edged upward in
April to a point somewhat above the
first-quarter average. Business spending for new plant and equipment is expected to rise this quarter, according
to the last OBE-SEC survey; to judge
from production data, output of business equipment is moving higher. The
government picture is mixed; some
softness has been evident in Federal
purchases of hard goods, but State and
local government outlays are continuing to rise.
There are few signs of pressure on
resource use. The unemployment rate
has been constant for the past 3 months,
though it is a trifle lower than it was
last year. Wholesale prices in industrial markets were about unchanged
in April, and fractionally lower than
they were in January. Money markets
exhibit a condition of general ease.
$483 billion. About three-fourths of
the increase was in wage and salary
disbursements.
Manufacturing payrolls
were
almost
$1 billion higher,
Personal income higher
approximately
matching
the best gains
Last month there was a good-sized
that
have
been
made
in
this sector
increase in personal income, which
since
last
spring.
Most
of
the inrose $2.2 billion at an annual rate to
crease was in durable goods, where
primary metals and transportation
equipment rose noticeably. There
were small increases in nonmanufacturMOST RECENT RISE IN FINAL ing
payrolls, about in line with their
PURCHASES FEATURES:
advances over the past year.
Strong Consumer Demond
The payroll increase reflected a
Billion $
rather large increase in nonfarm establishment employment. April employ10
PERSONAL CONSUMPTION
EXPENDITURES
ment was up approximately 200,000
more than the usual seasonal movement
~P
and reached a new high of 58.5 million.
The increase centered in retail trade,
durable goods manufacturing, and State
A Small Increase m Government Outlays
and local government. Aside from a
dip in contract construction, other
FEDERAL, STATE AND LOCAL GOV'T
changes were very small.
11 liil
Industrial production up
I .-. B 1.1 B, i i
in FIXED INVESTMENT
5 -
11
ill,*
and Another Sharp Increase in
Hit EXPORTS
0
mm
m
1962
. 1963
1964
Changes JFrom PracedUrig Q««rt*r$
Sea&analfy Adjusted, At Annual Rates
\l«$, 8e$artfl»ent of Commerce Office <rt B««oess Economics
64-5-1
Industrial production continued to
advance in April. The seasonally adjusted increase of almost 1 percent
was the largest month-to-month gain
since late last spring. Sparking the
rise in April was a further appreciable
expansion in steel mill operations and
a sizable gain—2% percent—in motor
vehicle production, following 6 months
of relatively little change. Advances
in metal-fabricating industries, nondurable goods manufacturing, utilities,
and mining contributed to the higher
overall production level.
The auto industry turned out nearly
950,000 passenger cars and trucks in
April. Car completions of 786,000
units were a record for the month, and
truck assemblies, at 156,000, were the
1
SURVEY OF CURRENT BUSINESS
highest for any single month in history,
topping the March count by 8 percent,
the previous high mark. May assemblies are programed at the high
daily average rate of April; the usual
seasonal movement is downward.
In the steel industry, the increase
in output from March to April was over
4 percent, the sixth successive month
of advance. Total ingot output in
April of 10.5 million tons was only
slightly below the high year-ago volume
when stockpiling was underway. Reports for early May suggest a continuation of the rising trend.
The uptrend in steel production
which has been going on since last
October has been an important factor
in the overall rise in industrial production so far this year. Approximately one-half of the DecemberApril increase in the total FRB index
was contributed by the primary metals
group, chiefly iron and steel.
Developments in Agriculture
May 1964
Crops
Crop production in 1963 was at a
new high, although the recorded acreage
harvested was less than in any other
year on record except 1962. Output per
acre continued to expand and yield
records were established for a number
of crops, including corn, oats, and cotton. Indications are that farmers will
plant about the same acreage in 1964 as
they did last year; with average weather
conditions and expected yield increases,
total crop output in 1964 should expand
further. As of early May, soil moisture
throughout most of the country ranged
from adequate to excessive and some
planting had been delayed by too much
rain.
New wheat legislation
The new wheat program signed into
higher,
however,
and
net
income
was
law
last month provides a minimum
THE physical volume of farm output
running
lower.
price-support
level and a "marketing
rose in 1963 after showing little change
For
1964
as
a
whole,
cash
receipts
allocation"
for
the wheat crop planted
in the 2 previous years. Crop output
for
harvest
in
1964.
New acreage limifrom
marketings
are
expected
to
be
showed its first significant gain since
nearly
as
high
as
the
$36.2
billion
tations
are
set
up;
the
national wheat
1960, while livestock production rose
received
in
1963,
according
to
recent
acreage
allotment
is
established
at 49%
for the third successive year. On
estimates
made
by
the
Department
of
million acres, as compared with 55 milbalance, prices received by farmers
were off somewhat from the 1962 Agriculture. Livestock and livestock lion acres in 1963. Farmers who agree
average, with a decline in livestock product receipts may rise slightly with to participate in the program and coman increased supply expected to be ply with their individual wheat acreage
prices and a rise for crops.
marketed
at prices averaging near those limitation will be eligible for benefits of
Gross farm income—the sum of cash
receipts from farm marketings, Govern- of a year ago; crop receipts are expected the program. Each participant will receive an allocation for marketing 90
ment payments to farmers, imputed to decline because of lower prices.
Gross farm income may equal or ex- percent of the normal production on his
income, and the net change in farm
inventories—was maintained at the ceed the 1963 total due to gains in allotted individual acreage for the 1964
1962 record of $41% billion. Marketing Government payments to farmers par- crop marketing year.
The current basic support price for
receipts rose to a new high; receipts ticipating in production adjustment
from crops were at a peak but those programs. Preliminary estimates place wheat is set at $1.30 per bushel, comfrom livestock were reduced. With Government payments as much as 25 pared with $1.82 last year. However,
surpluses still large, Government pay- percent above the 1963 total, with most growers complying with the acreage
ments to farmers were little changed of the increase accounted for by pay- allotment program and diverting a
from the $1.7 billion of the previous ments under the 1964 wheat-cotton specified portion of their acreage to
year. Farm production expenses con- legislation and the 1964 feed grain conservation use will receive from the
Department of Agriculture payments
tinued to advance and net income of program.
farm operators was below the 1962
Gross and Net Income From Farming, United States, 1960-64
[Billion dollars]
level. (See table).
The long-term downtrend in both
Seasonally adjusted at annual rates
the number of farms in operation and
1963
1964
1962
1963
1961
1960
the farm population continued in 1963.
I
II
IV
I
III
Consequently, net income per farm
held close to the previous year's peak. Cash receipts from farm marketings. __ _
36.4
36.1
36.2
36.2
35.6
34.9
35.9
34.0
36.7
Government payments to farmers .
.7
1.5
1.7
1.7
With cash receipts holding up well Nonmoney
5.0
5.0
5.0
4.7
3.2
3.1
income
_
3.2
3.1 } 0
.2
.5
.3
.6
.3
.5
.8
.3
.7
seasonally adjusted gross income of Net change in farm inventories
41.4
Gross farm income
41.7
38.2
42.1
41.2
41.6
41.5
41.6
39.9
farm operators in the first quarter of
29.1
29.2
Farm production expenses
26.2
28.6
28.9
28.2
28.8
28.6
27.1
the current year was close to the 1963
12.2
12.6
Farm operators' total net income
12.0
12.6
12.7
12.8
13.3
12.8
13.5
average. Production expenses were
M<iv 1904
of 70 cents a bushel for 45 percent ©f
their wheat marketing allocation, and
payments of 25 cents a bushel for an
equal additional volume. Thus for the
90 percent of normal production subject to marketing allocation, each
grower should receive additional income
of 47K cents per bushel (average of 70
cents and 25 cents) above the basic
support level, or $1.77%. Participants
in the program will be eligible to receive
the $1.30 support price for that portion
of their production outside of the
marketing allocation. Signup for participation took place in the first 3 weeks
of May; according to early indications
nine-tenths of the wheatgrowers may
take part in the program.
Production high., exports rise
The \vinter wheat crop this year will
be close to 1 billion bushels, up more
than 10 percent from 1963. Preliminary estimates based on planting intentions and average yield figures place
the 1964 spring wheat crop at 260
million bushels. This would be the
largest spring wheat crop in the past 6
years, with the exception of 1962, when
production exceeded 270 million bushels.
The combined wheat harvest, in excess of 1)4 billion bushels, would rank
as the largest crop since 1960. Total
disappearance (domestic consumption
plus exports) in 1963-64 will be higher
than in other recent years, primarily
because exports have shown a sharp
rise since last fall.
A major reason for the surge in
exports is the reduced 1963 wheat harvest in Europe and the Soviet Union.
Russia, formerly an exporter of wheat,
lias become a major purchaser in world
markets. Last October, the United
States agreed to sell wheat to the
U.S.S.R. and Eastern European-bloc
countries under certain conditions, one
of which involved transportation to the
maximum extent possible in Americanowned vessels. Attempts to resolve the
transportation situation—we now require that 50 percent of the wheat move
in U.S. ships—led to some delay in the
initial wheat shipments. The first contract, for 37 million bushels, was made
in early January; as of mid-April total
sales under the agreement had reached
62 million
bushels.
SURVEY OF CURRENT BUSINESS
Total wheat exports by the United
States during 1963-64 are estimated at
a record 850 million bushels, about 200
million above the 1962-63 total and
300 million above the 1957-61 average.
Stocks reduced
This large export total will cause a
substantial decline in the carryover
stocks of wheat at the end of the
marketing year. Total stocks, as shown
in the chart, are expected to fall to 890
million bushels on June 30, 1964. This
would be about 300 million bushels
below the June 30, 1963, stock and the
smallest inventory since 1958.
Wheat prices have remained strong in
FARM OUTPUT AND INCOME
TOTAL FARM OUTPUT Advonced
Fimtar in 1963
1957-59 * 100
120
100
60
PRICES RECEIVED by Farmers Eased
120
100
PRODUCTION EXPENSES Rose
80
NET FARM INCOME of Farm
Operators Dipped
120
100
3
1963-64 as a result of the high level of
exports. Although average prices foi
the 1964 crop are expected to be substantially below those for the 1963 crop,
payments to farmers under the new
wheat program will make up most of
the reduction in cash receipts from
marketings.
Cotton output and stocks higher
Cotton production during 1963
increased an estimated 3 percent to
15.3 million bales, and was at the
highest level in 10 years. The large
crop resulted from a record yield per
harvested acre, which rose nearly 13
percent from 1962 and was almost 60
percent above yields in 1953. Although
exports and domestic mill consumption
of cotton have advanced slightly, total
disappearance has been well below the
large crops of the past 2 years. Carryover stocks on August 1, as shown in the
chart, are estimated by the Department of Agriculture to climb further
and exceed stocks in all recent years
except 1956.
The 1964-65 cotton legislation,
signed by the President in April,
eliminates the system under wiiich
U.vS. cotton textile manufacturers have
paid considerably more per pound
for their raw material than their
foreign competitors. The new law, in
effect, makes raw cotton available to
domestic textile producers at a price
equal to that previously paid only by
cotton exporters. It is expected that
prices of cotton textiles and cotton
manufactures produced by U.S. firms
will reflect the reduced raw material
cost; lower prices should boost not
only domestic demand but our ability
to compete more effectively in world
markets.
Feed grains
80
NET INCOME PER FARM Held
Close to Peak
140
120
100
80 H
1954
56
58
60
62
U,S. Department of Commerce, Office oi Business Economic
64
64-5-2.
The 1963 harvest of the four major
feed grains—corn, oats, barley, and
sorghum—was 9 percent above the
1962 crop and was slightly larger than
the record crop of 1960. While production gained last year, grain feeding of
livestock advanced slightly during the
past winter and exports have shown
some rise. Stocks of feed grains at the
end of the 1963-64 marketing year
(July 1 for oats and barley; October 1
SURVEY OF CURRENT BUSINESS
for corn and sorghum) are expected to
be higher than the 63 million tons of a
year ago, but considerably below the
record of 85 million tons in 1961.
Livestock and Poultry
Total production of red meat and
poultry increased last year. Beef, pork,
and chicken production showed substantial gains; veal and lamb production
declined. The high level of cattle
slaughter was sustained in the first
quarter of this year and is expected to
continue into the summer; hog slaughter
has fallen in recent weeks. Prices
received by farmers for livestock and
products during the January-March
period were more than 4 percent below
the corresponding period of 1963.
Cattle and beef supplies up
Beef production in 1963 rose approximately 7 percent over the previous year
as a result of an increase in slaughterings and in average weight per animal.
With supplies further augmented b}^ a
large volume of imports, prices averaged
lower than in 1962.
Production has remained high in the
early months of 1964 and is likely to
continue so through the summer due to
the large supply of cattle on farms and
in feedlots at this time. In an effort
to maintain prices to producers, the
Federal Government in February concluded agreements whereby Australia,
New Zealand, and Ireland would limit
meat exports to this country. These
agreements should hold beef imports in
1964 below the advanced 1963 level.
In addition, the Department of Agriculture in early March initiated purchases
of substantial quantities of frozen
and canned beef for distribution to
schools and needy families, respectively.
Dairy farming
A reduction in the number of milk
cows on farms, not fully offset by
increased production per cow, resulted
in a 1963 decline of 1 percent in milk
production from the 1962 record. At
the same time, total civilian consumption of all milk products gained and per
capita consumption of fluid milk and
cream stabilized after declining for 6
years. This improved supply-demand
situation led to slightly higher prices
received by farmers for wholesale milk
during the latter part of the year.
AGRICULTURAL SURPLUSES
WHEAT STOCKS Have Declined Sharply
Billion Bushels
July 1
1.50
1.25
1,00
75
«
•
•
*
•
«
While COTTON INVENTORIES Have Risen
Ailtion Bobs
17,5
August 1
15,0
12.5
10.0
7,5
5,0
1954
<$E*
56
7 million pounds in 1962 to 66 million
pounds in 1963), Commodity Credit
purchases were accordingly lowered,
and CCC stocks were further reduced
by increased donations to domestic
and foreign programs.
Dairy support prices for the 1964-65
marketing year have been retained at
75 percent of parity, the minimum
mandatory level. Because parity price
relationships have varied only slightly,
the new support prices will be little
changed from those in the 1963-64
marketing year.
Other meat animals and poultry
US
*
May 1964
58
60
62
64
fflErted
Dsta; Agri. D«pK
artment of Cwnfltere^ Office of 8us«6$$ Economics -64-5-3
Stocks of dairy products were sharply
reduced during 1963— on a milkequivalent basis commercial holdings
were down 5 percent on January 1,
1964, from the year earlier level;
Government stocks declined 26 percent.
Most of the change in the Government
sector was in stocks of butter; dollar
export sales expanded markedly (from
Commercial production of pork
gained almost 6 percent in 1963 over
the previous year. Prices received
by farmers for hogs declined for the
second successive year and were considerably below the 1962 level. Because of the unfavorable price trend,
hog farmers cut back production beginning last summer; the fall pig crop,
now coming to market, was down 4
percent from a year earlier and the
December-May crop may be down as
much as 6 percent. The supply of
hogs available for slaughter is expected
to average below a year earlier for the
remainder of 1964.
Prices have responded to the falling
slaughter rate and are now above yearearlier levels; on the average they are
likely to remain so for the balance of
this year.
Broiler production continued to expand in 1963 despite higher feed costs
and lower farm prices. Further gains
in output have occurred this year as
the buildup which took place in production potential during 1963 has been
translated into a large hatch of broiler
chicks. Prices received by broiler producers were below the year-earlier
level through May, but some firming
is in prospect about midyear because
of a reduction now taking place in
hatchery activity.
Brisk Advance in Final Purchases Features First Quarter GNP
national product increased
by $8 billion in the opening quarter of
1964 to reach a seasonally adjusted
annual rate of $608 billion. With
prices continuing to increase at about
one-half percent per quarter, real output of goods and services was 1 percent
higher than in late 1963; the gain over
a year ago was 4J£ percent. The most
recent advance was the 12th successive
quarterly rise in the current expansion
and has carried production 16% percent
over the recession low.
The early 1964 GNP rise, about the
average of the advances during the
first three quarters of 1963, fell short of
the $11% billion increase from the third
to the fourth quarter of last year.
The moderate slowdown in the rate of
expansion reflected a reduction in the
pace of inventory accumulation, from
a rather high October-December annual rate of nearly $5% billion to a rate
of $2 billion.
The most recent gain of nearly $11%
billion in final demand, however, was
larger than that for the closing quarter
of last year, and well above other gains
during 1963. (See chart on p. 6.)
Indeed, the combined increase in final
sales for the most recent two quarters
has been greater than for any other two
successive quarters since the recovery
began in the spring of 1961.
Sharply higher consumer buying accounted for three-fourths of the first
quarter gain in final purchases, as
compared with one-half of the fourthquarter rise. On the other hand, fixed
investment—both business and residential—was up only moderately following vigorous rises in each of the
preceding three quarters. Increased
government purchases—mostly by
State and local governments—also contributed to the first-quarter rise. Net
exports
rose another $1% billion at an
annual rate, as exports continued to
rise and imports held at about the level
of the last half of 1963.
An $8 billion first-quarter rise carried
national income to an annual rate of
$497 billion. Most of the increase
reflected higher employee compensation;
employment and average wage rates
both moved up, the gain of nearly 1
percent in private nonfarm employment
being especially noteworthy. Preliminary data also indicate that corporate
profits continued to rise early in 1964
with an advance of about $2% billion.
The new tax legislation was reflected
in a sharper first-quarter gain ($8 billion) in disposable personal income
than in personal income ($6 billion).
It is estimated that the tax revision has
reduced individual Federal taxpayments, at current levels of personal
income, by about $9% billion at an
annual rate. However, as the reduction was reflected in tax withholdings
only during the last 3 weeks of March,
the statutory changes directly increased
disposable personal income by only
$2% billion for the first quarter as a
whole. Part of this gain was offset by
the $% billion increase in State and local
personal taxes. The entire $9% billion
reduction in Federal withholding at an
annual rate will be reflected in the
second-quarter personal taxpayments
and disposable personal income.
Pattern of GNP Advance
VER the past year, the rising trend
in final purchases has been unusually
strong, and has shown some acceleration. (See charts, p. 1 and p. 6.)
While the final market showing the
greatest strength has shifted from quarter to quarter, the advance over the
period has been general and well balanced. All major markets have contributed to the 7 percent year-to-year
gain, except for Federal Government
purchases, which have tended to level
off. Net exports, residential construction, and business fixed investment
have been particularly buoyant over
the period, while State and local government purchases, and personal consumption expenditures have shown
about average gains.
Consumer buying up sharply in first
quarter
The $8 billion increase in personal
consumption expenditures in the quar-
ter was the largest of the current expansion period; indeed, in only two
other quarters during this period was
the increase as much as $6 billion.
Gains by commodity line were widespread. Sales of autos and of furniture
and household equipment scored further
increases, following a strong fourth
quarter. Purchases of clothing and
shoes rose sharply—by more than $!/£
billion—after a disappointing showing
in the closing 1963 quarter; this advance
was coupled with a similar gain in expenditures for food. In total, nondurable goods purchases were up by
nearly $4 billion, a gain that about
compensated for a sluggish fourth
quarter.
The recent cut in personal income tax
withholding naturally suggests itself as
a prime factor in the large first-quarter
in consumer demand. But consumer
spending was already high before the
SURVEY OF CURRENT BUSINESS
tax cut took effect. Possibly the increasing certainty of ultimate passage
of t h e tax bill encouraged forward
commitments in some lines, but there
were other factors helping to explain
the first-quarter surge: a relatively
mild winter, an early Easter, and a
recovery from a poor fourth quarter in
apparel purchases. A more extensive
discussion of recent trends in retail
sales will be found elsewhere in this
issue of the SURVEY.
FINAL DEMAND Continual to Expand
Briskly m Opening Quarter of 1964
Billion $
15]
CHANGE IN FINAL PURCHASES
Residential construction strong
Residential construction activity, at
a $27 billion seasonally adjusted annual
rate in the winter of 1964, was up
slightly from the high pace readied in
late 1968. The number of housing
starts and building permits was also
very high and little changed from the
advanced rate of late 1963.
As the chart on page 8 shows, the
growth in home building during the
current business advance has been confined to the multifamily market. Such
starts have increased from about a
quarter of a million units 3 years ago to
about two-thirds of a million recently.
During the same period, single-family
starts have fluctuated around a seasonally adjusted annual rate of just under
1 million units.
Slight
10
rise in
business fixed invest-
May 19G4
an accumulation of over $1 billion in the
fourth. With defense activity easing,
inventories of manufacturers of defense
products fell in the first quarter of 1964
after having changed little in the final
quarter of 1963. Aside from these
developments there are no dearcut
patterns in final demand t h a t would
provide a plausible explanation for the
recent decline in the rate of inventory
accumulation.
While the change in the pace of
stock building between the fourth and
first quarters was sharp, there have
been other shifts of nearly equal magnitude during the current expansion.
Inventory building over the past two
quarters has averaged $3:^' billion,
not much changed from the average of
$4% billion for the preceding five
quarters (third of 1962 through the
third of 1963).
ment
but With Inventories I
$t a Slower Poce
CHANGE IN RATE OF STOCK
ACCUMULATION
El
™,H
• i '
m
®!M
1
At $55K billion, first-quarter business
fixed investment—the sum of nonresidential construction and producers'
durable equipment—was up only $l/2
billion from the high fourth-quarter
rate. The most recent OBE-SEC intentions survey indicates that a vigorous rise in business capital outlays will
be resumed soon, and that the growth
during the rest of the year will about
match that of later quarters of 1963.
Further support for a good investment
year is found in the high level of nonresidential construction contract
awards.
Recent
in GHP Mo<fer<***di
CHANGE IN GNP
1962
1963
1964
Cftaages from Preening Quarters
Seasonally Adjasterf, At Annual Rates
{J.S. -Department of Commerce,, Office Ot 0ifstness-£cono«itc$
64-5-B
inventory
CHANGE IN
BUSINESS INVENTORIES
Billion S
10
TOTAL
D U R A B L E GOODS
changes
At $2 billion in the opening quarter of
1964, inventory accumulation was down
$3% billion from the fourth quarter pace.
As the accompanying chart indicates,
the rate of stock building of both durable
and nondurable goods slowed. On an
industry basis, nearly all of the shift is
traceable to manufacturing; following a
substantial buildup in the fourth quarter, manufacturers' inventories were
little changed during the winter. The
sharpest shift within manufacturing
was in textiles and apparel. With final
sales of clothing and shoes substantially
higher in the first quarter, textile and
apparel manufacturers' inventories were
reduced by $% billion as compared with
10
NONDURABLE GOODS
11JjJ
0
1962
,
~
Seasonally Adjusted, At Annual Rotes
U,S Department of Commerce, Olfcce o1 Business Economic*
, 64-5Y
SURVEY OF CURRENT BUSINESS
Mar 1964
Table 1.—Gross National Product in Current and Constant Dollars (1-3, 1-5)
1963
1961
1962
1964
1
• -I
1963
1903
III
IV
|
1961
I
1962
1963
1
Seasonally adjusted at annual rates
Gros*' national product
Durable poods
Nondurable goods _
Service* 5
_ _ _
--
_.,
_.
.
II r
iv
i
Seasonally adjusted at annual raU'S
Billions of current dollars
V*ersona! consumption expenditures _
II
IIM'4
Billions of 1954 dollars
518 2
554 9
585. 1
571 8
579 6
588. 7 \
600. 1
608. 0
447. 7
474.8
492.9
485.3
489.4
49 5.1
501.7
5U6. 4
336. 8
355. 4
373. 1
367. 4
370. 4
374.9
379.9
387.9
303. 6
317. 6
328.9
325.5
327.0 ! 33 0. 1
332. 8
.m ()
43. 6
155. 1
13*. 0
4s. 2
161.4
145. 7
51.5
167.1
154.5
50.fi !
165.3 1
151.4 ;
51. 0
165.9 i
153.5 i
50. S i
168.6
155. 5 |
53. 6
16s. 7 '
157. 7
55. 5
172. 4
100. 0
41.5
143.3
45. 6
147.8
124. 3
4s. 6
151.3
129. 0
4s. 1 ;
150.1
127. 3
4s'. 0
150.5
12S. 5
50, 4
151.9
130.6
52. 5
154. S
131.7
4 S. 0
152.6
12 j. 6
69 0
78 8
82 3
77 8
80 7 '
83.7
87.1
84.8
57. 5
65. 2
67.7
64.6
66.4
6 8.6
71.4
68.9
41.6
44.4
46. 6
43. 7
45. 8
47. 9
49. 2
49. 7
34.7
36. 7
37. s
35. 7
37. 3
38. 6
39. 5
39. S
21 0
90 5
23 2
25 0
•>1 6
'» i •
°1 0 i
->4 x
'>! 0
25, 9 i
2l> 0 i
20 S
"^ 4
•'>" 1
'>° 6
18 2
16.6
19 8
16. S
21. 0
16. s
19.2
Hi. 5
20. 9 j
16. 4 •
2 1.6
1 7.0
22.2
17.3
22.3
17.4
Producers' durable equipment
95 5
28. S
30. 9
29.0
:
30.7
31.6
32.5
32.9
21.0
23.8
25.5
24.0
25.3 ;
2 6. 1
2»>. S
27. 0
Chantro jn business inventories
1.9
5. 5
4. 7
5. 1 i
4.3
4 9 i
5 4
•> 1
1. 7
4.8
4.4
4.9
3. S |
4. 0
5. 0
2. 1
1.5
.3
4.9
4.2
.5
4.3 !
.8 i
3.6
.6
3.7
.5 ;
5.1
.3
1.9
.2
1.6
4.3
.5
3. 9
.6
4. 1
.8 !
3. 1
.6 j
3.5
.5
4.7
.3
l.S
.2
2.3
1.8
2.6
2.3 i
3.3
4.5
30.3
26. 9
31.5
27. 0
N e w construction
Residential nonfarm
Other
Xonfarm
Farm
__.
-
Net exports of jfoodfe and services
"F xport s
Imports
Government purchases of goods and services
State a n d local
:
4 4
3 8
4 5
4,3
5.4
6.6
98 9
25 1
30 7
26. 2
9s1 6
24. 9
30 7
25. 9
3! 4
27. 1 ;
3>;> 3
26. 9 i
33 6
27. 0
23! 3
27. 0
25.2
28. S
26.2
3.6 j
4.8
1.8
:
2.8
26. 7
24.9
2H. 7
25. 9 i
2 9.4
2 7. 1
125. 1
123.0
123,8
125.7 |
128.8
84. 3
90.2
93.7
93.4
93.2 j
9 4. 1
94. 2
<>4. 1
57.4
62. 4
66. 3
65.5
66.5
66. 4
66. 6 j
66. 9
44.8
49. 0
50. 5 ;
50. 6 ,
51. 0
50.7
49.8 '
49.3
53.3
10. 0
.8
56. 7
10. 5
1. 0
56. 4 i
10. 1 i
1. 0 '
56. 7
10.6
.8
56. 7 i
10.8
1.2
57. 2
10.4
1. 0
;
_
49 0
8.9
.6
57. 1
10.9
1.1
_ _ _ _ . . . .
50. 6
54. 6
58. 8
57. 5
57. 3
59.4
61.2
4 3.4
44.4 ,
44.7
_ _ _
„
<>
97 5
23 1
107. 9
Federal
Xalional defense
Other
Less" Government sales
Oj
117.0
127.7
I
61.9
39.5
41.2
.
43. 2
42. 9
I
42. l
Table 2.—National Income by Type of Income (1-3, 1-9)
[Billions of dollars]
1964
1963
1961
1963
1962
"
I
IV
III
I
Seasonally adjusted at annual rates
National income
426.1
453. 7
478. 1
466.7
474.6
482.0
489.1
^omwenScition of employees
302. 1
322. 9
340. 4
332. 0
338. 7
342.8
347.9
352.5
Wa^es and salaries
-Private
Military
Government civilian
.
278.8
227 0
10.2
41. 6
297. 1
241.6
10.8
44. 7
312. 3
253. 0
11.0
48.3
304. 5
246. 7
10.7
47. 1
310. 8
252. 2
10.8
47.8
314.6
255. 1
10.8
48.7
319.4
258. 1
11.8
49.5
323. f.
261. 1
11.8
50. 7
Supplements to wages and salaries
Emplover contribution for social insurance
Other labor income -Emplover contributions to private pension and welfare funds
Other
_
_ - _.
...
23.3
11.9
11.4
8.9
2.4
25.7
13.7
12.1
9.5
2.6
28. 0
15.4
12.6
27.5
15.0
12.4
27.9
15. 3
12. 6
28.2
15.5
12.7
28.5
15.7
12.8
28.8
16.0
12.9
48.1
49.8
50.5
50.7
50.0
50.5
50.8
50.8
35.3
35.3
.0
12.8
36. 5
36. 5
.0
13.3
37.7
37.2
37.4
37. 8
38.2
38.6
12.8
13.5
12. 6
12.7
12.6
12.2
12.1
12.0
12.1
12.0
12.0
12.1
12.2
12.3
43. 8
47.0
51. 1
48.8
50. 1
52. 2
53.2
43.8
22.0
21.8
15.3
6.5
46. 8
22.2
24.6
16. 6
8. 1
51.5
24.4
27. 1
17.8
9.3
48.3
22.9
25.4
17. 1
8.3
51.0
24.2
26.8
17.6
9.2
52. 2
24.7
27.5
17.6
9.8
54.3
25.8
28.6
18.8
9. 7
.0
.2
— 4
.4
.0
-1.1
-.2
20.0
22.0
24.1
23.3
23.7
24.3
25.0
25.6
...
_ -_„
'roprietors' income
Business and professional
Income of unincorporated enterprises
Inventory valuation adjustment
Farm__
_ __ _
_
'.ental income o f persons
-
-
_ __
_ _ _ .
._
.
_ _ _ _ _
orporate profits and inventory valuation adjustment
Profits before tax
Profits tax liabilitv
.
Profits after tax
Dividends _ _ Undistributed profits
Inventory valuation adjustment
6t interest
_
_
_
_ _
_
1. First-quarter national income total and the corporate profits share are based on preliminary estimates and are subject to revision in next month's S C R V K V .
i 4%. 9
1
55. 8
56. 0
24. 9
31. 1
19. 1
12.0
SURVEY OF CURRENT BUSINESS
8
Change in government purchases
small
Government purchases of goods and
services at nearly $129 billion were up
$1 billion in the winter. The increase
was smaller than in the two previous
quarters as Federal purchases continued
little changed and the rise in State and
local expenditures lessened. There was
a dip in highway construction outlays;
other State and local construction
activity and payrolls continued to
advance about as usual.
Federal buying levels off
The fractional rise in Federal
purchases to a $67 billion annual rate
was attributable to a pay rate increase
for civilian employees, which became
effective at the beginning of the first
quarter. In total, Federal nonpayroll
purchases were little changed from the
preceding quarter and the year-ago
level.
1963,
corporate profits advanced by
$14% billion, or nearly two-fifths.1 In
previous business expansions, profits
have risen as sharply but the gains were
concentrated in the early recovery
period. In both the 1954-57 and the
1958-60 expansion, profits started to
contract after about a year and a half.
The recent strong showing of profits
reflects the maintenance of profit marPRIVATE NONTARM
RESIDENTIAL CONSTRUCTION
ACTIVITY REMAINS AT
PEAK RATE o * .
Billion S
30
Dollar V a l u e of R e s i d e n t i a l Construction./
28
26
24
22
National Income and Corporate Profits
NATIONAL Income also moved up
during the first quarter, to a seasonally
adjusted rate of $497 billion. (Firstquarter national income and the
corporate profits share are based on
preliminary estimates and are subject
to revision in next month's SURVEY.)
Higher employee compensation accounted for $4K billion of the winter
gain of $8 billion in total national
income. Government wages and salary
payments were up more than $1 billion,
reflecting the Federal pay rate increase and continued gains in State
and local government employment
and wage rates. At $261 billion in
the first quarter, private wages and
salaries were up 1 percent, or $3 billion—the third successive quarterly
advance of this amount.
Private nonfarm employment was
400,000 or nearly 1 percent higher in
the winter than in the fourth quarter
of last year. The gains were widespread industrially, construction and
trade showing the largest relative
advances. Farm employment, seasonally adjusted, was off sharply, however.
Corporate profits as measured for
national
income purposes—before tax
National defense purchases of goods
and services have increased by only
$1 billion over the past year. During
this period military and civilian pay
increases have added $1/2 billion to
defense costs. While military expenditures for other services and construction have also increased moderately,
there has been some reduction in purchases of hard goods. On an agency
basis, the entire rise in defense expenditures over the past year is accounted for by the National Aeronautics and Space Administration;
Defense Department outlays are down
slightly.
The $/4 billion increase in Federal
purchases for the first quarter is well
under the $1% billion increases for each
of the first two quarters of calendar
1964 which were implied in the January
budget estimates for fiscal 1964 expenditures, as outlined in the February
issue of the SURVEY.
May 1964
H
20
18
and including the inventory valuation
adjustment—are tentatively estimated
to have reached an annual rate of $56
billion in the first quarter, an increase
of $2% billion over the fourth-quarter
rate. With commodity price changes
negligible during the quarter, earnings
exclusive of the IVA were also $56
billion, a gain of more than $1% billion.
After-tax earnings were $2^ billion
higher; with the corporate income tax
cut effective on all 1964 net income,
$1K billion of this first-quarter increase
is directly traceable to the tax cut and
$1 billion to higher before-tax profirs.
Industrial distribution of profits rise
16
Both Starts and Permits Show Shorp Advances
in Muffifamily Units; General Stability in
Singfe-FamHy Homes
**»and Indicate Strength in Near-Term Activity
Million Units
The accompanying text table shows
the relative growth in corporate profits
by industry division during the current
economic expansion, through the close
of 1963. Detailed first-quarter profits
will be available next month.
From the recession trough in early
1961 through the fourth quarter of
1
These calculations and those that follow reflect the decline in reported corporate profits caused by the new depreciation guidelines as well as the gain traceable to increasing
business. If the effects of the new guidelines are eliminated,
profits at the close of last year would be $17 billion, or nearly
45 percent higher than in the first quarter 1961.
1959
60
61
62
63
64
Seasonally A<Jfuste<f, At Annual Rote$
A % . M« a su r -cd F or
,5L Department ot Cemmefse, Office of^usi«ess Economics
64-5-10
SURVEY OF CURRENT BUSINESS
May 1964
Recent Advances in Corporate Profits 1
[Billion dollars]
Business
cycle:
Peak Trough
II
1960
1961
Current
Percent
changes
IV
11-1960 1-1961
IV-1963 IV-1963
1963
Seasonally adjusted
annual rate
All industries,
total
45.2
38.8
53.2
17.7
37.1
23.2
18.6
28.1
21.1
51.1
Durable goods
industries
11.7
8.4
15.6
33.3
85.7
Nondurable
goods industries _-
11.5
10.2
12.5
8.7
22.5
Manufacturing
Transportation,
communications, and
public utilities ..
All other industries
facturing have risen by $2 billion, to
reach a record $15% billion in the final
quarter of 1963. In the 1954-57 period,
profits in durable manufacturing reached a peak in the sixth quarter of expansion and declined sharply thereafter.
In the 1958-60 expansion, the topping
out was evident after a little more than
a year of sharp increases and the trend
was generally downward thereafter.
Earnings in nondurable goods industries rose only slowly after the 1961
trough, but, in contrast to the experience of the two previous upswings, they
were still increasing as 1963 ended.
Following recovery from the troughs of
1954 and 1958, profits in soft goods
industries leveled off after about a year
and a half of recovery, and declined
gradually thereafter.
Table 3.—Persona] Income and Its Use (II-2)
[Billions of dollars]
1963
1961
7.1
6.7
8.3
16.9
23.9
14.9
13.5
16.9
13.4
25.2
I
1963
III
II
IV
I
Seasonally adjusted at annual rates
Personal income
1. Before tax and inventory valuation adjustment.
gins as well as the expanding level of
business activity. As noted in recent
issues of the SURVEY, corporate profit
margins, whether measured as a percent
of corporate output or as a percent of
national income originating in corporate
enterprise, have been unusually strong.
Wage and salary disbursements
Commodity- producing industriesManufacturing only
Distributive industries
Service industries
Government
_-
Other labor income _ _
_
417.4
442.1
463.0
453.9
459.9
465.2
473.0
479.1
278.8
110.8
87.5
72.9
43.4
51.8
297.1
118.5
94.2
76.6
46.4
55.6
312.3
123.8
98.3
79.8
49.5
59.3
304.5
120.1
95.5
78.4
48.2
57.8
310.8
123.6
98.2
79.6
49.1
58.6
314.6
124.9
99.0
80.3
50.0
59.5
319.4
126.5
100.5
81.0
50.6
61.3
323. 6
128.0
101.7
82.0
51.2
62.5
11.4
12.1
12.6
12.4
12.6
12.7
12.8
12.9
Proprietors' income
Business and professional
Farm
48.1
35.3
12.8
49.8
36.5
13.3
50.5
37.7
12.8
50.7
37.2
13.5
50.0
37.4
12.6
50.5
37.8
12.7
50.8
38.2
12.6
50.8
38.6
12.2
Rental income of persons
12.1
12.0
12.1
12.0
12.0
12.1
12.2
12.3
Dividends
Personal interest income
15.3
27.7
16.6
30.0
17.8
32.5
17.1
31.6
17.6
32.1
17.6
32.8
18.8
33.5
19.1
34.3
33.6
12.6
4.0
4.8
12 2
34.8
14.3
2.9
4.8
12 8
36.9
15.3
2.8
5.0
13.8
37.0
14.8
3.0
4.9
14.2
36.5
15.4
2.6
5.0
13.5
36.7
15.5
2.6
5.0
13.6
37.5
15.5
3.1
5.1
13.8
38.5
15.7
2.8
5.1
14.9
Transfer payments
Old-age and survivors insurance benefits
State unemployment insurance benefits
Veterans' benefits
Other
Manufacturing profits strong
In the current expansion, as in the
earlier advances, profits in all major
industries have shared in the general
uptrend.
Durable manufacturing profits have
continued to expand through the 12th
quarter since the cyclical trough; over
the past year earnings in durable manu-
1962
1964
--
Less: Personal contributions for social insurance..
9.5
10.2
11.8
11.5
11.7
11.9
12.0
12.3
Less: Personal tax and nontax payments
Federal
__
State and local
Equals : Disposable personal income
52.9
45.1
7.8
364.4
57.7
49.0
8.7
384.4
60.5
50.9
9.6
402.4
59.4
50.0
9.4
394. 5
59.9
50.4
9.6
400.0
60.8
51.1
9.7
404.4
62.1
52.2
9.9
410.9
60.4
49.9
10.6
418.7
Less: Personal consumption expenditures
Equals: Personal saving. _ __ ___
336.8
27.6
355.4
29.1
373.1
29.3
367.4
27.1
370.4
29.6
374.9
29.5
379.9
31.0
387.9
30.8
Addendum: Disposable personal income in constant
(1954) dollars
328.4
343.6
354.9
349.5
353.2
356.0
360.7
366.0
Table 4.—Gross National Product by Major Type of Product in Current and Constant Dollars (1-6, 1-7)
1961
1962
1963
1963
I
II
1964
III
IV
1961
1962
1963
1963
I
I
II
1964
III
Seasonally adjusted at annual rates
Seasonally adjusted a annual rates
Billions of current dollars
Billions of 1954 dollars
IV
I
Gross national product
518.2
554.9
585.1
571.8
579.6
588.7
600.1
608.0
447.7
474.8
492.9
485.3
489.4
495.1
501.7
506.4
Final sales
Inventory change. _
516.3
1.9
549.3
5.5
580.3
4.7
566.6
5.1
575.4
4.3
584.5
4.2
594.8
5.4
605.8
2.1
446.0
1.7
470. 1
4.8
488.5
4.4
480.4
4.9
485.6
3.8
491.1
4.0
496.7
5.0
504.3
2.1
259.1
257.3
1.9
278.3
272.8
5.5
291.6
286.9
4.7
286.8
281.7
5.1
289.8
285.6
4.3
292.4
288.2
4.2
297.2
291.8
5.4
301.2
299.1
2.1
233.2
231.5
1.7
249.1
244.4
4.8
259.3
254.9
4.4
256.4
251.4
4.9
257.8
254.0
3.8
259.8
255.8
4.0
263.4
258.3
5.0
266.7
264.6
2.1
93.4
93.8
-.4
104.4
101.5
2.9
111.8
109.6
2.1
107.5
106.3
1.1
112.6
109.6
3.0
111.8
110.0
1.8
115.1
112.6
2.5
116.8
116.0
.9
81.3
81.6
-.3
91.0
88.5
2.6
97.2
95.4
1.8
94.0
93.0
1.0
97.8
95.2
2.5
97.1
95.5
1.6
100.0
97.8
2.2
101.9
101.0
.8
165.7
163.5
2.2
173.9
171.3
2.6
179.9
177.2
2.6
179.4
175.3
4.0
177.3
176.0
1.3
180.7
178.3
2.4
182.1
179.2
2.9
184.4
183.1
1.3
151.9
149.8
2.0
158.1
155.9
2.2
162.1
159.5
2.6
162.4
158.4
3.9
160.0
158.8
1.3
162.7
160.4
2.3
163.4
160.5
2.8
164.8
163.6
1.2
__ .
200.4
214.5
228.0
222.5
226.5
229.6
233.6
237.1
165.3
174.4
180.7
177.8
180.2
181.8
183.1
184.2
__ _
58.6
62.1
65.4
62.5
63.3
66.7
69.3
69.7
49.2
51.4
52.9
51.2
51.4
53.5
55.3
55.5
Addendum: Auto product
17.5
21.7
24.1
23.3
23.9
23.2
25.9
25.8
14.5
17.9
20.0
19.5
19.7
19.2
21.3
21.5
Goods output
Final sales
Inventory change
Durable goods output __
Final sales.
Inventory change
_ _
Nondurable goods output
Final sales
Inventory change
Services ..
Construction. _ __
728-330 °—64-
_ _
Table 5.—Relation of Gross National Product, National Income
and Personal Income (1-17, 1-18)
Table 7.—-Personal Consumption Expenditures by Major Type
(H-6)
[Billions of dollars]
[Billions of dollars]
1964
1963
1962
1961
II
I
1963
III
IV
1963
I
1962
1961
Seasonally adjusted at annual rates
Gross national product
Less: Capital
allowances
518.2
554.9
585.1
571.8
579.6
588.7
600.1
608.0
44.3
49.4
51.6
50.6
51.3
52.1
52.7
53.4
consumption
Equals: Net national product
473.8
Less: Indirect business tax
and nontax liability. - 49.1
Business transfer pay2.3
ments
_ __ .
Statistical discrepancy. -1.9
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. _.
1.7
426.1
43.8
21.4
505.5
533.4
521.2
528.4
536.6
547.4
554.6
53.0
56.6
55.2
56.0
57.2
58.1
58.9
2.3
-1.8
2.3
-3.2
2.3
-2.3
2.3
-4.1
2.3
-4.4
2.3
-1.0
2.3
1-2.4
1.7
453.7
47.0
23.9
.0
Plus: Government transfer
payments to persons. 31.3
Net interest paid by
7.7
go vernmen t
15.3
Dividends. . _ - .
Business transfer pay2.3
ments
417.4
Equals : Personal income
.7
478.4
.7
466.7
51.3
48.8
26.5
27.2
.4
474.6
.5
482.0
52.2
50.1
27.4
27.0
1.1
489.1
1.1
1 496. 9
1 55. 8
53.2
27.8
28.3
.0
.0
.0
.0
.0
.0
.0
32.5
34.6
34.7
34.2
34.4
35.2
36.2
8.4
17.8
8.3
17.1
8.4
17.6
2.3
2.3
463.0
2.3
453.9
2.3
2.3
2.3
2.3
459.9
465. 2
473.0
479.1
442.1
8.5
17.6
8.5
18.8
8.0
16.6
8.7
19.1
I
1963
II
1964
III
IV
I
Seasonally adjusted at annual rates
Goods and services, total
336.8
355.4
373. 1
367.4
370.4
374.9
379.9
387.9
43.6
48.2
51.5
50.6
51.0
50.8
53.6
55.5
Automobiles and parts
17.1
20.4
22.3
22.0
22.3
21.5
23.3
24.1
Furniture and household
equipment
19.2
20.2
21.3
20.9
20.7
21.3
22.3
23.1
7.3
7.6
7.9
7.7
8.0
8.0
8.0
8.3
Nondurable goods, total
155.1
161.4
167.1
165.3
165.9
168.6
168.7
172.4
Food and beverages
81.1
84.2
86.7
85.8
86.3
87.2
87.4
89.2
Clothing and shoes
28.6
29.8
30.3
30.2
29.7
30.9
30.4
32.1
Gasoline and oil
11.9
12.3
13.0
12.8
13.0
13.1
13.2
13.3
Other
33.6
35.1
37.1
36.5
36.9
37.4
37.6
37.7
Services, total
160.0
Durable goods, total
Other
138.0
145.7
154.5
151.4
153.5
155.5
157.7
Housing
44.1
46.6
49.2
48.2
48.8
49.5
50.2
51.0
Household operation
20.4
21.5
22.6
22.2
22.4
22.8
23.0
23.2
Transportation
10.7
11.3
12.1
11.8
12.1
12.2
12.3
12.7
Other
62.8
66.2
70.6
69.1
70.2
71.1
72.1
73.2
Table 8.—Foreign Transactions in the National Income Account
(IV-2)
[Billions of dollars]
Table 6.—Government Receipts and Expenditures (III-3, III-4)
[Billions of dollars]
1964
1963
1963
1964
1962
1961
1962
1961
1963
I
II
III
IV
I
1963
II
III
IV
I
I
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Receipts from abroad
Federal Government receipts. .
Personal tax and nontax
receipts
Corporate profits tax accruals __ _
Indirect business tax and
nontax accruals
Contributions for social insurance
Federal Government expenditures
Purchases of goods and
services
Transfer payments
To persons
Foreign (net)
Grants-in-aid to State and
local governments
Net interest paid
Subsidies less current surplus of government enterprises
Surplus or deficit ( —) on
income and product account
State and local government
receipts
Personal tax and nontax
receipts
Corporate profits tax accrual
Indrect business tax and
nontax accruals
Contributions for social
insurance
Federal grants-in-aid
State and local government
expenditures
Purchases of goods and
services
Transfer payments to persons
Net interest paid
Less: Current surplus of
government enterprises.
Surplus or deficit (— ) on
income and product account
1. See footnote table 2.
10
98.2
105.4
45.1
20.7
113.3
110.0
49.0
50.9
50.0
50.4
51.1
52.2
49.9
20.8
22.9
21.5
22.6
23.2
24.1
123.2
112.3
114.3
116.7
i 113.9
14.2
15.2
16.2
15.7
16.0
16.4
16.5
16.5
18.2
20.4
23.4
22.8
23.3
23.6
23.9
24.3
102.8
109.8
116.1
114.5
115.3
116.1
118.2
119.3
57.4
27.4
25.9
1.6
62.4
28.3
26.7
1.6
66.3
65.5
30.1
28.4
1.7
30.1
28.6
1.5
66.5
29.7
28.0
1.8
66.4
29.8
28.1
1.7
66.6
30.8
28.8
2.0
66.9
31.3
29.6
1.7
7.0
7. 7
8.5
7.5
9.4
9.4
7.2
8.2
7.4
9.2
6.9
8.9
7.5
7.6
7.6
7.9
4.1
4.2
3.4
3.4
3.0
3.2
3.8
3.8
-4.6
-3.0
1.8
27.5
28.9
30.7
28. 6
30.7
31.4
32.3
33.6
Exports of goods and ser vices. . 27.5
28.9
30.7
28.6
30.7
31.4
32.3
33.6
Payments to abroad
Imports of goods and services..
Net transfer payments by
Government
Net foreign investment
27.5
28.9
30.7
28.6
30.7
31.4
32.3
33.6
23.1
25.1
26.2
24.9
25.9
27.1
26.9
27.0
1.6
2.9
1.6
2.2
1.7
2.8
1.5
2.2
1.8
3.1
1.7
2.6
2.0
3.4
1.7
4.8
Table 9.—Sources and Uses of Gross Saving (V-2)
[Billions of dollars]
1963
1961
-2.8
-1.5
i
5.4
54.3
59.0
64.3
62.2
63.4
65.0
66.4
168.0
7.8
1.3
8.7
1.4
9.6
1.5
9.4
1.4
9.6
1.5
9.7
1.6
9.9
1.6
10.6
i 1.7
34.9
37.8
40.5
39.5
40.0
40.7
41.6
42.4
3.2
7.0
3.5
7.7
3.8
8.9
3.7
8.2
3.8
8.5
3.8
9.2
3.9
9.4
4.0
9.4
54.4
58.7
63.3
61.8
61.7
63.8
65.7
66.6
50.6
54.6
58.8
57.5
57.3
59.4
61.2
61.9
5.5
.8
5.8
.8
6.2
.9
6.1
.9
6.2
.9
6.2
.9
6.3
.9
6.6
.9
2.4
2.5
2.7
2.6
2.7
2.7
2.7
2.8
i
.4
1.0
.4
1.7
1.2
.7
11.4
1963
I
II
III
IV
I
Seasonally adjusted at annual rates
Gross private saving . . .
-4.3
-4.5
1962
1964
Personal saving
„. .
Undistributed corporate
profits
Corporate inventory valuation adjustment
Capital consumption allowances
Excess of wage accruals
over disbursements
Government surplus on income and product transactions
Federal
State and local
Gross investment
Gross private domestic
investment
._
Net foreign investment
Statistical discrepancy
1. See footnote table 2.
. .
78.4
86.7
89.8
86.4
89.2
91.4
92.3
27.6
29.1
29.3
27.1
29.6
29.5
31.0
30.8
6.5
8.1
9.3
8.3
9.2
9.8
9.7
112.0
.0
.2
-.4
.4
-.9
.0
-1.1
__ o
44.3
49.4
51.6
50.6
51.3
52.1
52.7
53.4
.0
.0
.0
.0
.0
.0
.0
.0
195.4
-4.7
-3.9
-1.7
-4.2
-1.3
-.6
-.8
1-4.0
-4.5
-4.3
.4
-2.8
1.0
-4.6
.4
-3.0
1.7
-1.8
1.2
-1.5
.7
-5.4
1.4
71.9
81.0
85.1
79.9
83.7
86.3
90.5
89.6
69.0
2.9
78.8
2.2
82.3
2.8
77.8
2.2
80.7
3.1
83.7
2.6
87.1
3.4
84.8
4.8
-1.9
-1.8
-3.0
-2.3
-4.1
-4.4
-1.0
i -2.4
by JOHN A. GORMAN and PAUL E. SHEA
Capital Formation, Saving, and Credit
JL OTAL first-quarter investment was Personal saving showed little change possible to finance last year's record
investment with only moderate upward
about the same as in the last quarter from 1962.
of 1963. Domestic fixed capital outThe monetary authorities maintained pressure on interest rates. Most longlays were slightly higher and net foreign a policy of relative ease during most term yields drifted moderately upward
investment was up sharply, but these of last year and bank lending or stabilized. Short-term rates rose
movements were offset by a dip in the r e m a i n e d at t h e record pace sharply during the summer.
rate of inventory accumulation. Per- attained in 1962. The net flow of
sonal saving was unchanged, and a savings to nonbank financial inter- Credit easier in current expansion
sharp rise in corporate cash flow offset mediaries continued to expand and in
Financial conditions have been much
a substantial increase in the Govern- 1963 lending by these institutions agment deficit on income and product gregated $24/£ billion, up $3 billion easier during the current expansion
than in either of the two earlier cyclical
account, stemming from the initial from the 1962 rate.
effects of the Federal tax cut in early
With a generally easy monetary recoveries following the Treasurypolicy, and a rise in corporate internal Federal Reserve accord of 1951. InMarch.
Monetary policy continued to be funds that kept pace with the increase terest rates have shown relatively little
one of relative ease, and the banks in corporate investment outlays, it was rise since the 1961 trough. During
added a near-record volume to their
loans and investments. Most nonbank intermediaries continued to lend
at record rates.
Table 1.—Sources arid Uses of Corporate Funds, Annual, 1960-63; Half Years, 1960-63 l
[Billions of dollars]
Interest rates have shown little
change so far this year. Short-term
1st half
2d lalf
1900 1961 1962
1963
rates have fluctuated somewhat, but
1962 1963
1960 1961
1960
1961
1962
1963
are now about where they were at
yearend. Long-term rates on Govern26.8 29.5 22.9 31. 1 32.0
Sources, total
46.2 50.2 58.8 63.0 23.3 19.2
33. 5
ment and prime corporate securities
18 S
Internal sources, total
29. 1 29 6 34 9 37.4 15.1 14.2 17.3 18.5 14.0 15.4 17 6
have continued to drift upward, but
Retained profit s
2.4
3.6
3.8
4.0
2.4
5. 6
7.8
3.3
3.4
7.0
3 S
(5.2
Depreciation
22 9 24 0 27 8 29 5 11.3 11.8 13. 7 14. 5 11.5 12 2 14 1
15 0
rates on mortgages, municipal, and Baa
4 6
6. 5
5.9
5 2
5 2
5 3
5 4
External long-term sources, total
9 8 11 8 11 3 11 0
corporate bonds are unchanged.
(I
6
1.4
1.6
1.4
.1
2.8
4. 5
2. 1
.5
3.0
Stocks _ .
1.7
Bonds
Other debt
Financial developments in 1963
Gross private domestic investment
moved up sharply in 1963, to a total of
$82K billion, $3K billion over the 1962
rate. The advance within the year
was even more pronounced—from $78
billion in the opening quarter to $87
billion in the fourth. Net foreign investment also advanced and averaged
$K billion above 1962.
The rise in private investment was
matched by a $2% billion increase in
gross corporate saving, a $K billion
advance in State and local government
surplus, and a $1% billion reduction in
the deficit of the Federal Government.
2 7
.9
2 7
1.7
2 5
2 2
31
.8
2 4
1.3
2 3
2 5
2 8
2 8
12.6
3 0
5 5
9
3.2
3.6 -1.5
14. 7
4 3
1 3 — .4
1
2 2
6 6
1 2 — 2 4 -2.1
2.5
.9
2.5
3.6
G
1 2
—.5
2.2
5.7
(4)
4 5
— .8
2.0
3.7
(4)
2 2
.8
10.3
.8
9.0
2 4
4 2
1 4
1.0
8.9
4 3
2 2
2 0
.5
48.4
53.6
59.0
21.7
19.1
25.0
26.5
22.1
29.3
28.6
32.5
33.3
30 8
2. 5
31.4
29 6
1.8
35.8
32 0
3.8
38.3
34 0
4.3
18.7
14 6
4.1
14.5
13.9
.6
18.9
15. 1
3.8
18.9 14.5
15.4 16. 1
3.4 -1.6
16.9
15 7
1.2
16.9
16 9
(4)
19 4
18 6
.8
Increase infinancialassets, total. . .
10. 5
Receivables „
...
- ._ _ 8.0
Consumer
1 8
Other
_
_-. .
6.9
Cash and U.S. Government securities.. -1.7
Cash (including deposits)
10
U.S. Government securities
-2. r>
Other assets .. .. .
..
3. 5
17.0
9. 6
1
9.6
2.5
3 0
— .5
4.9
17 8
11.3
2 3
9 0
1.2
6.1
2.9
7.6
20. 7
4.7
7. 7
5.4
6.2
4.5
4.1
2.7
13.0
1
-2.0
-.3
2 3
1 7
5.6
4 1
4.6
2.8
6.9
10.7
.9 -3.6 -1.0 -3.1 -2.9
1.9
4 — 2 0 — .9 -3.0 —3 0
3 0
T) -1.6 _ 2 -.1
. 1 -1.0
2.4
3.9
4.3
6. 8
3.0
1.1
12 4
7.0
2 1
4 9
3. 6
3 9
— .3
1.8
11. 7
5. 9
2 6
3.4
4.3
38
.6
1.5
13 0
6. 8
3 0
3 8
3.8
3 4
.4
-.8 -1.8
-3.4
-1.0
Short-term sources, total _ . _ _ . _ _ _
Bank loans
Trade payables
Federal income tax liabilities
Other
Uses, total
Increase in physical assets, total.
Plant and equipment
Inventories (book value) _.
Discrepancy (uses less sources)
5 0
1 7
5 91
2
5 0
4 2
7. 4
1 3
4 5
—1 6
3.2
8.8
4
6 1
6
1.8
13. 8
-2.4
-1.8
.4
5.3
-5.2
5 3
5.0
-4.0
2 0
1.0
-1.6
(4)
-1.8
-2.9
6 1
9
r,
1. Data for 1946-55 may be found in Table V-10 of U.X. Income and Output; 1956-59 estimates are in table 34 of July 1962
Survey.
2. Excludes banks and insurance companies.
3. Includes depletion.
4. Less than $50 million.
Sources: U.S. Department of Commerce, Office of Business Economics, based on Securities and Exchange Commission
and other financial data.
11
SURVEY OF CURRENT BUSINESS
May 1064
the prior advances, they had increased commercial bank lending was reduced
markedly as the economy emerged by reserve pressures applied by the
from the recession and continued to monetary authorities as the economy
expanded. The banks were able to
rise.
r
To a large degree, the dissimilar! t3 accommodate the added corporate and
in the behavior of borrowing costs consumer loan demands which accomreflects differences in the volume of panied the upswing in economic activity
commercial bank lending and investing only by substantially reducing their
activities. In earlier periods, total purchases of mortgages and State and
local government securities, and by selling large amounts of short-term Treasury
securities.
BANK CREDIT
During the current rise, bank reserves
; Credit Continues to j
have not come under similar pressure,
Billion S
so that commercial banks have been
40
able to lend larger sums during the
CHANGE IN T O T A L LOANS
AND INVESTMENTS
expansion than they had during the
recession. They have continued to add
30
substantially to their portfolios of taxexempt securities and real estate mortgages, while at the same time accommodating heavy demands for business
and consumer credit. On balance, hold10
ings of U.S. Government securities have
been about maintained over the current
expansion.
Private Borrowing High
Among other differences between this
30
and earlier expansions, the Federal
CHANGE IN LOANS
Government this time has run a deficit
well into the expansion period; during
20the previous postwar advances, the rise
in tax receipts tended to bring about a
10 surplus in the Federal account. The
cash flow of nonfinancial corporations
has expanded quite sharply during the
current upswing, more than matching
Purchases of State cmcf Loco! Bono's Down
the rise in plant and equipment outlays.
20
During
earlier advances, cash flow had
CHANGE IN T A X - E X E M P T S E C U R I T I E S
declined as plant and equipment ex10
penditures rose — a development that
led to a substantial volume of new
capital issues.
,|||§|B3
The personal saving rate has hovered
anks Rebuilding'Holdings of U.S. Securities
around 7% percent throughout the
CHANGE IN U.S. S E C U R I T I E S
upswing and persons have invested
record amounts in the liquid liabilities
of financial institutions. In earlier
advances, the saving rate declined
during the recovery phase, and later
rose as the expansion proceeded. Further, there had usually been a marked
shift from liquid claims to marketable
securities, as interest rates on the
latter moved up.
the record pace of 1962. The flow of
savings into nonbank financial institutions continued to increase. Shortterm interest rates moved up sharply
in the summer, and have since stabilized. Long-term interest rates drifted
upward throughout the year.
12
-20.
I960
61 62
Annual
63
1963
Quarters
1964
Financial Institutions
l Rates
U.$ Departmental Gwnmsrca, Gffrce of Business EcQwrnfos '
The expansion in bank credit and
deposits during 1963 almost matched
Monetary policy relatively easy
As in other recent years, monetary
policy tried to achieve two objectives:
the provision of an adequate credit and
monetary base to support continued
business expansion, and reduce the
balance of payments deficit. In pursuing the first objective, the Federal
Reserve purchased a near record volume
of U.S. Government securities for the
year as a whole. In pursuing the
second, it raised the discount rate in
July and reduced open-market purchases during the summer.
Total bank reserves at yearend were
approximately $700 million above a
year ago. The principal factor in this
advance was the stepped-up pace of
open-market purchases, which totaled
$3 billion. In addition to supporting
the increase in bank reserves, these
heavy purchases offset the effects of a
$K billion gold outflow, and a $2
billion increase in currency in circulation.
During the summer, the Federal
Reserve attempted to limit the drain
on our balance of payments by increasing domestic short-term interest rates;
discount rates were raised from 3 to 3%
percent in July, and open-market purchases were reduced for the next few
months. Also during July, the Federal
Reserve increased to 4 percent the maximum rate of interest that member banks
could pay on time certificates of deposit
with maturities of 90 days to 1 year, in
order to allow the banks to compete
more effectively for foreign funds.
While this latter move helped moderate
the balance of payments, it had the
effect of freeing reserves for domestic
credit expansion by promoting switches
from demand to time deposits.
Bank credit continued rapid expansion
Bank credit continued during 1963
the rapid expansion begun in 1961, with
loans and investments increasing $18
billion, about the same as in 1962.
SURVEY OF CURRENT BUSINESS
Mav 1964
Time and savings deposits rose $14 of reserve ease, and not during periods
billion and demand deposits over $3 of stringency.
The heavy volume of time deposits
billion.
Bank lending was marked by generated last year is in line with recent
continued expansion of the amounts trends and contributed to the ease in
lent to private borrowers and State and bank lending. The increase in allowlocal governments. Mortgage loans in- able interest rates encouraged a greater
creased over $5 billion as compared with growth of time certificates of deposit
a rise of $4 billion in 1962. The this year than last.
The expansion of bank credit conincrease was persistent and steady
throughout the year. Business and tinued into the opening months of 1964.
consumer installment loans, at $4/2 The rise in total bank Joans and investbillion and $3 billion, respectively, were ments was larger than during any of the
both $K billion greater than in 1962. last three quarters of 1963. With the
Purchases of tax-exempt securities con- pace of lending to private borrowers
tinued in 1963 at a rate somewhat higher and State and local governments off
than that of 1962; almost $6 billion in somewhat, the banks were able to step
such securities were added to bank up their purchases of U.S. Government
holdings. Holdings of U.S. Govern- securities.
ment securities were reduced by $3%
billion in 1963, mostly in short-term Other savings institutions
Savings institutions other than banks
securities.
Not all these portfolio changes can be increased their assets by $24 % billion
attributed to a search for higher yields in 1963; this was $3 billion more than
to offset higher interest costs on the in 1962 and the largest on record. All
expanded volume of time deposits. major types of savings institutions
The recent willingness of commercial shared in the advance, with the sharpest
banks to extend their commitments in gain by savings and loan associations.
tax-exempt securities and in mortgages The institutions stepped up their morthas reflected in part the large expansion gages and other lending at an even
in bank lending power. Bank portfolio faster pace, financing the excess either
operations during the easy money by increased borrowings, or by a sale
periods associated with the recessions of Government securities.
that reached bottom in 1954 and 1958
The asset growth of savings and loan
illustrate that banks invest in tax- associations accelerated in 1963. The
exempts and mortgages during periods $13% billion increase in assets was $2
Table 2.—Sources and Uses of Corporate Funds by Industry, Years Ended December 31,
1960-63 i
[Billions of dollars]
Manufacturing and
mining
Transportation other
than rail
Railroads
Public utilities and
communication
1960 1961 1962 1963 I960 1961 1962 1963 1960 1961 1962 1963 1960 1961 1962 1963
Sources, total
Retained profits 2
Depreciation
External long-term 6sources 3
Short-term sources
Uses, total
19.6 23.7 26.5 29.3
.4
.7
1.7
1.6 2. 1
i -.1
1.5
1.5
.1
.3
.1
.4
8.3
8.8
9.1
7.8
2 -.3 — . 1 -.1
5. 7 5.2 6.1 6.5 _ 2 -.3
11. 1 11.6 14.2 15.2
1.4 1.5
!s .82 L I 1.1
1.6 2.6 2.4 2.6 -.1
-.2
.3
.3
(4)
4
.1
. 1 (4)
.1
1.2 4.3 3.8 5.1 ( )
.1
3! 6
3.5
.6
.6
3.8
3.8
.6
.9
4.1
3.4
.9
4.3
1.9
.6
16.3 21.8 22.8 26.4
1.8
9.4
9.8 10.2
9.1
.8
.4
.8
.9
1.0
1.4
2.0
1.7
2.1
1.8
Plant and equipment
_
15.3 14.5 15.5 16.6 1.0
.8 1.1 1.7 1.7 1.8 1.6 8.8 8.7 9. 1 9.4
4
4
4
4
4
4
Inventories (book value)
1.0 1.0 2.5 2.7 ( 4 )
(4)
(4)
(44 )' (44 )
< ( ).3 ( ).1 ( ). 1 ( ). 7 ( ).6 0).6 ( ).4
Receivables and rnisc. assets
2.3 5.8 3.8 5.6 ( 4 )
()
(4)
()
Cash and U.S. Government
2 -.1 ( 4 )
-2.3
.4 -.6
.3 ( 4 )
.5
.6 1.0 1.4 -.2
.1
.1
securities
Discrepancy (uses less
sources)
_ _ _ -3.3 -1.8 -3.7 -2.9
.4
.4
.2
.4
.3
.3
.2 -.2
1.1
1.0
1.0
1.3
1. Data for the year ended June 30, 1957 may be found on p. 17 of the October 1960 Survey, and for the year ended June
30, 1958, on p. 22 of the November 1961 Survey, statistics for the year ended June 30, 1959 may be found on p. 4 of the November 1962 Survey, and for the years ended June 30, 1960-63 on p. 23*of the November 1963 Survey.
2. Includes depletion.
3. Includes stocks, bonded debt, long-term bank loans, mortgages and other long-term debt.
4. Less than $50 million.
5. 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.
13
billion above the 1962 pace. The
growth in shares, $11 billion, failed to
match the increase in mortgage lending.
The associations accordingly stepped up
their borrowings from Federal Home
Loan Banks to a rate double that of
the last 2 years. There was no change
in the pace at which the associations
added to their liquid asset holdings.
Savings and loan associations have
stepped up their activity in financing
apartment-house construction: formerly
negligible, such construction accounted
for 22% percent of the net total of
mortgages made by savings and loan
associations last year.
In the first quarter of 1964, the spread
between share growth and mortgage
lending widened further. The latter
continued at the same pace as in the
first quarter of 1963, but share growth
in 1964 was 23% percent less than in
the same period of 1963. The gap was
bridged by an increase in borrowing.
Mutual savings banks committed a
net total of $4 billion to the mortgage
loan market in 1963, $1 billion more
than in 1962. Deposits moved modestly ahead of the 1962 pace with an
increase of over $3 billion. With
mortgage loans rising faster than deposit inflows and retained profits, the
mutual banks sold off Federal and
municipal securities.
Assets of life insurance companies
rose $7% billion in 1963, $1 billion more
than in 1962. The increase in assets
was channeled into mortgages and
corporate and foreign bonds. Life carriers made substantial investments in
foreign securities during the first half
of the year; after the proposal of the
interest equalization tax, such investment fell off. As was the case with
commercial and mutual savings banks,
part of the excess of private lending
over total funds available to life insurance companies was financed by the
sale of Federal securities.
Financial markets
The cost of money rose moderately
in 1963, with both long- and shortterm interest rates moving upward.
So far in 1964 short-term rates have
continued stable, while long-term yields
have continued their upward drift.
Lono;-term rates have tended to move
SURVEY OF CURREXT BUSINESS
14
up over the past five quarters, and there
have been marked shifts in the yield
relationships. Yields on long-term
Government securities increased at a
faster rate than those on either corporate or State and local securities of similar term. In part, this difference can
Table 3.—Personal Investment and Related
Financing, 1959-63 l
[Billions of dollars]
1959
1960
1961
1962
36.9
36.8
35.1
39.5
40.2
New nonfarm housing. 19. 2
Noncorporate inventories and fixed investment
17. 7
18.9
16. 7
17.6
18.0
Investment
Borrowing
Residential mortgage
debt, gross of amortization
Business and farm
debt
1963
17 9
18.4
21. 8
99 9
30. 3
27 4
30. 8
37.0
40.7
21 9
20 2
22 0
24 6
28 4
8.4
7.2
8.8
12.4
12.3
1. Estimates for the 1946-57 period may be found on p. 15
of the April 1961 Survey, and for 1958 on p. 13 of the May
1963 Survey.
Sources: Securities and Exchange Commission, Federal
Home Loan Bank Board, and U.S. Department of Commerce, Office of Business Economics.
Since margin requirements were raised
last November, stock market credit
has declined, and there has been some
indication of increased participation by
small investors in the market.
Issues of mutual fund stock rose
in 1963 from the low level brought on
by the market break in 1962, but have
not yet regained their very high 1961
pace. Investor emphasis shifted to
more conservative funds, particularly
those featuring bonds and blue-chip
stocks. The funds concentrating on
growth stocks which had enjoyed popularity in 1961 and which suffered the
largest declines in the 1962 market
break have not yet begun to approach
earlier levels.
Odd-lot activity in 1963 was featured
by a cautious increase in participation
as the year progressed and stock prices
rose, but the 1961 level of participation
in market trading by odd-lotters wars
not reached either in 1963 or so far in
1964. In addition, odd-lotters were
sellers on balance throughout 1963, the
opposite of their normal position. So
far in 1964, odd-lots sales have about
equaled purchases.
be accounted for by the reduction in
demand that took place as financial
institutions moved out of Treasury
securities. In part, it reflected an increase in the supply of long-term
Treasury securities through advance
Corporate Finance
refundings. In 1963, the Treasuiy
sold almost $4 billion of bonds with a
During 1963, corporations increased
maturity of 10 years or longer, $2 bil- their fixed investment spending by
lion more than in 1962. At the same $2 billion over 1962. The rise in
time new issues of State and local investment was more than matched by
securities were up $1/2 billion and an increase in internal funds. Corpocorporate bond issues were also up $1)4 rate long-term external financing aggrebillion.
gated about the same in 1963 as in
Following the July increase in the dis- 1962, and liquid asset accumulation
count rate, there was a rapid rise in was about the same in both years.
money rates in the summer months.
Yields on Federal securities of 1 year Corporate investment and working
capital np
or less increased about 40 basis points.
Corporate plant and equipment outPrime commercial paper rose 50 basis
points between June and September. lays in 1963 increased $2 billion over
Finance company paper and bankers' 1962 and apartment-house building
acceptances followed closely behind at was up about $1 billion. Each quarter
about 40 points. Since September, in 1963 registered a gain and by the
most short-term rates have stabilized fourth quarter the rise since the beginning of the year approximated $4
at these higher levels.
Stock prices rose in surges through- billion. Investment increased little
out last year and well into the current from the fourth quarter to the first
period. During 1963, the rise in stock quarter of 1964, but for the year as a
prices was associated with a sharp whole the rise is expected to exceed
expansion in market credit and, ap- last year's.
Gross working capital of corporations
parently, with little help from the small
investor, to judge from the behavior of increased $24 billion in 1963, $3 billion
mutual fund and odd-lot transactions. more than in 1962. Practically all of
May 1004
the rise was in accounts receivable,
which were up $13 billion. The "other
asset" item rose $7 billion, while inventory accumulation was about unchanged at $4 billion. The increase in
working capital was accompanied by a
rise in borrowing from banks which
totaled $1^ billion more than in 1962.
Accounts payable rose $6% billion compared with a $5K billion increase the
previous year.
Internal funds of nonfinancial corporations—undistributed profits and depreciation—rose about $2V2 billion in
1963, $3 billion less than the 1962 rise.
The rise in the earlier year was unusually high owing to the introduction of
more liberal depreciation allowances
and the investment tax credit; last
year's increase reflected in airily higher
business activity.
Preliminary first-quarter reports indicate that before-tax profits were $1^
billion higher than in the final quarter
of 1963. Retained earnings rose $2}£
billion, of which $!}£ billion was due to
the tax cut and $% billion to higher
earnings. At the same time there was
a temporary pause in corporate investment outlays.
Equity
financing
off
Corporate managers are turning more
to debt than to equity to finance expansion, and equity retirement also is
rising. The result has been a significant decline in the supply of new stock
Table 4.—Personal Consumption Expenditures and Related Financial Flows,
1959-63 *
[Billions of dollars]
1959
1960 ; 1961
1962
Personal consumption expenditures, total
313 5 328.2 336.8 35.5. 4
Durables only
43.6 44.9 1 43.6 48. 2
48.8
Consumer borrowing 2 2
Secured by durables ,_ 31.8
50.4 j 50.2
32.1 30.6
57.0
35.5
1963
373. 1
51. 5
61.9
39. 0
1. Estimates for the 1946-57 period may be found on p. Hi
of the April 1961 Survey, and for 1958 on p. 13 of the May
1963 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.
issues in recent years and in 1963
retirements exceeded new issues.
New stock issues readied their postwar peak—$3% billion—in 1961, when
the investors7 interest in new issues was
May 1964
SURVEY OF CURRENT BUSINESS
15
Net new bond issues during 1963 model years and is currently running
totaled $5l/2 billion, up $K billion from at an 8 million annual rate.
Extensions of auto credit totaled $22
the previous year. There was a greater
step-up in gross flotations as companies billion last year, up somewhat more
took advantage of favorable market than $2 billion from a year earlier.
conditions to refinance debt. New The rise in extensions continued into
mortgage borrowing totaled $4/4 bil- the first quarter of 1964, when new
lion—up $K billion from the 1962 rate. borrowing totaled $23 billion at annual
rates.
Liquid assets up
Consumers stepped up their purCorporations added $1 billion to their chases of other durables by 5% percent
liquid asset holdings, about the same and of clothing by \}( percent in 1963, while
INTEREST RATES
as in 1962. Purchases of U.S. Govern- increasing their borrowing to cany such
Long-Term Yields Have Di
ment securities and of time certificates goods by 8 percent. Additional needs
, Upward in Recent Months
of deposit were higher, and holdings of for consumer credit were met by per•Percent
currency and demand deposits were sonal loans—many for higher education—and by repair and modernization
further reduced.
New Corporate Bonds
loans.
Rated A a
(Seas. Adjusted)
Consumer Borrowing Up
With debt repayments totaling $55
4.5
Again
billion, the net increase in consumer
installment credit amounted to $6/4
Household transactions generally exbillion, about $1 billion more than the
4.0:
panded in 1963, but the rate of increase
rise in 1962. All types of lenders
was somewhat less than that for 1962.
increased the rate of net lending:
L o n g - Term U.S.
Consumer outlays for autos and other
Government Bonds
3.5
durables averaged $3 billion, or 7 per- Table 5.—Persons' Financial Asset Accumulation arid Debt Operation, 1959-63 l
cent higher last year; in 1962 such
[Billions of dollars]
purchases had risen 10 percent. New
_i-lj. I U x I, i I i n i l .
1959 1960 1961 1962 1963
home construction expanded modestly
Whife Short-Term Rotes
in 1963, following a 5-percent rise in Financial Asset Accumulation _ 30.4 20.1 29.7 38.7 39.5
Hove Stabilised
1962. Consumer, home mortgage, and
Life insurance and pension
reserves
8.9 9.2 9.9 10.2 10.7
noncorporate business borrowing was
Insurance reserves
3.5 4.2 4.5 4.8 5.1
Prime Commercial Paper
Pension reserves
5.4 5.0 5.4 5.4 5.6
up
9
percent
last
year
as
compared
with
4-6 Months
Other financial assets.
21.5 10.9 19.9 28.5 28.8
4.0
a 16-percent rise in 1962. Financial
Fixed-value claims
9.8 10.8 19. 5 29. 6 30.0
claims held by individuals rose by $39.5
Currency and demand
deposits ._
.5 4.1 6.5
.3 -2.2
billion in 1963 as against $38% billion
Time and savings depos3.5
its at banks
4.1 5.0 8.8 15. 0 10.5
in 1962 and less than $30 billion a year
Saving and loan and
credit union shares
7.2
9.4 10.1 11.8
earlier. The other major component
U.S. savings bonds, series
•easury
„
A thru K
. 4 1.2
-1.8 -.2
.8
of saving, debt repayment, deviated
3.G
Marketable securities
.1
11.7
. 4 -1. 1 -1.2
U.S. Government
9.1 -2.7 -1.4
from the pattern of slower growth:
State and local government
1.8 1.7 1.0 -. 1 1.1
reflecting the increased debts contracted
Corporate and other
2.5
securities
.9 1.1
.8 -1.5 -2.1
in
recent
years,
sucli
repayments
rose
1964
1963
Retirement of amortized
$5/9
billion,
or
9
percent,
last
year,
in
• Dato; Tt«o*,. F.HA,
debt .
51.3 55.2 57.8 61.7 67.3
"MaodyX & FRB
contrast to an advance of 7 percent in
Nonfarm residential mortU S, Department of Commerce, Office &f B^smess Economics ^ & l £
gages
8 7 9 2 10. 1 11. 1 12. 2
1962.
Consumer
installment
cred
it
42.6 46.0 47.7 50. 6 55. 1
The personal saving ratio has hovered
New
borrowing
..
.
79 1 77.8 81.0 9-1. 0 102.6
prompted corporate managers to pur- around its long-run value of 7 to 1%
Residential
and
business
chase more shares in the market for percent throughout the current business
(table 3) . .
30.3 27.4 30.8 37.0 40.7
Consumer and security
expansion. This was in marked conoptions, or retirement.
credit
48.8 50.4 50.2 57.0 61.9
Judging1 from registrations filed with trast to other periods when auto sales Net increase in debt
... 27.8 22.6 23.2 32. 3 35. 3
the SEC, there will be some increase in were high.
2X. 5
Residential and business
21.6 18.2 20. 7
Consumer
and
security
the new supply of equity issues in 1964,
credit
6.2
6.4
6. 8
4.5
2.5
but if issues by a major communications Durable purchases spur credit in- Financial asset accumulation
crease
less increase in debt
.
2.6 -2.6 6.6 6.4 4.2
company and the space communications
Automobile purchases last year
agency sponsored by the Government
1. Estimates for the 1946-57 period may be found on p. 17
April 1961 Survey, and for 1958 on p. 14 of the May
are set aside, then stock issues for this totaled $22% billion, $2 billion above of1963theSurvey.
2. Gross of retirements.
year are apparently not out of line with the high 1962 pace. Auto production
Sources: Securities arid Exchange Commission, Federal
the downward trend of other recent has moved to higher levels at the Home
Loan Bank Board, Board of Governors of the Federal
Reserve System, and U.S. Department of Commerce,
beginning of each of the last three Office of Business Economics.
years.
high. Since then, total new stock
issues have declined, to under $1/2
billion in 1963.
The steady buying of equities by
institutions has reduced the net supply
of seasoned stocks to the market. In
particular, the fast growth of pension
funds has contributed strongly to the
demand for stocks. The price rises
resulting from these conditions have
2
SURVEY OF CURRENT BUSINESS
16
particularly commercial banks and sales
finance companies. In addition to
lending $2% billion directly to consumers, the banks advanced $1% billion
to finance companies, thus financing—
directly or indirectly—two-thirds of the
expansion in consumer credit.
Mortgage borrowing continues strong
Individuals continued to add substantially to their indebtedness on
mortgages secured by one- to fourTable 6.—Personal Saving and Investment
and Related Financial Flows, 1959-63J
[Billions of Dollars]
1959 1960 1961 1962
Investment in housing
noncorporate business
1963
and
Less: Associated borrowing
Capital consumption allowances
Plus: Financial assets and debt
retirement
36.9 36.8 35. 1 39.5 40.2
30.3
30.8 37.0 40.7
15.9 16.5 16.8 17.7 18.3
81.7 75.3 87.6 100.4 106.8
Less: Consumption borrowing- 48.8 50.4 50.2 57. 0 61.9
-^ -3.9
Statistical discrepancy
-.9 -3.2
Equals: Personal savings
23.6 21.7 27.6 29.1 29.3
Total sources of funds _ _
"I
Total uses of funds less discrep-f 118.6 116. 0 125. 3 140.8 150. 2
ancy.
)
1. Estimates for the 1946-57 period may be found on p. 20
of the April 1961 Survey, and for 1958 on p. 15 of the May 1963
Survey.
Sources: Board of Governors of the Federal Reserve System,
Securities and Exchange Commission, and U.S. Department
of Commerce, Office of Business Economics.
family dwelling units last year. Such
obligations rose $16% billion in 1963,
as compared with $13% billion a year
earlier. For the third successive year,
the net increase in borrowing on such
houses rose sharply, even though there was
little change in single family housing
starts; in 1963, 977,000 single units were
started, as compared with 968,000 in the
previous year, 946,000 in 1961, and
972,000 in 1960. However, according
to the new Census Bureau survey sales
of new one-family houses were up last
year.
Among the factors involved in this
rise in borrowing relative to house sales
were: higher prices for houses; a lowering of downpayments; a continued
growth in the trading of old houses;
and increased borrowing for nonhousing
purposes. No statistics are available
to shed light on the relative portion of
mortgage debt used for housing and
nonhousing purposes.
The very active demand for mort
May 1964
gages on the part of banks and other penditures, and the pace of Federal
lending institutions effected a gradual borrowing slowed. State and local
easing of mortgage terms. Mortgage governments experienced a similar imrates held steady when most other provement in fiscal position, but their
long-term rates were drifting upwards, borrowing rose during the year, as they
and maturities and downpayments took advantage of favorable terms to
showed a tendency toward liberaliza- reduce the cost of carrying their debt.
tion throughout the year.
Although savings and loan associa- Federal borrowing off
Federal receipts rose $8 billion in
tions account for the bulk of the
mortgages made in this country, it is response to the substantial improvenoteworthy that variations in commer- ment in business activity last year.
cial bank participation accounts for Expenditures rose $6 billion, and the
most of the swings in total mortgage
lending. Banks step up their particiDEBT SERVICE
pation in periods when reserve positions
Repayments and Interest Charges On
are easy, and cut back drastically at
Consumer anJ Mortgage Debt Continue
other times. Thus, commercial banks ; to Rise
actively sought mortgage loans during I Ratio Scale
the 1954 and 1958 recessions, and cut ; $2,000
back their commitments after a year
of recovery. During the current upswing, bank reserve positions have
remained fairly easy, and commercial
banks have remained in the mortgage
market throughout the period. Their
mortgage lending reached an all time
high of $5 billion in 1963, up $1 billion
from 1962 and $3% billion from 1961.
In the case of the other major mortgage lenders, the flow into mortgages
has been steadier. In part, this is
because of a scarcity of suitable investment alternatives for savings and loan
$400
associations and mutual savings banks.
Foster than Family Income
Also contributing to this result has
been the fact that the institutions are
D I S P O S A B L E INCOME
$6,000
PER FAMILY
not subject to the direct effect of the
reserve pressure associated with monetary policy.
$6,000
Debt service continues to rise
As indicated in the chart on this page,
there has been in recent years a continued growth in debt service charges—
interest plus amortization—relative to
income. The growth in this ratio has
in recent years been much slower than
in the early postwar period, but an
acceleration of the upward movement
is evident in the figures for the most
recent year, reflecting the high volume
of borrowing since 1961.
$4,000
$3,000 ^
Government Borrowing
The Federal Government's financial
position improved moderately over the
year. Receipts grew faster than ex-
1949
54
U.S.. 0«oartment of Commerce: Office ot Bysmess Economics /64-5-U
May 1064
national accounts deficit was reduced to
$2% billion. Federal lending programs
were unchanged in the aggregate: increases in lending to savings and loan
associations and to foreign entities were
offset by net sales of mortgages out of
the FNMA portfolio. The Federal
Government cash balance was little
changed from a year earlier.
The improvement in the currentaccount deficit was carried into the debt
operations of the Federal Government,
and its net debt (including agency) rose
only $5 billion last year, as compared
with a rise of $7% billion a year earlier.
The national income deficit widened
in the first quarter, as withholding taxes
were cut and Government salaries increased; the immediate impact of these
two measures was to increase the
government deficit to some $5/2 billion
at annual rates.
SURVEY OF CURRENT BUSINESS
in public ctabt was accounted for by Foreign and "miscellaneous" holders
the first substantial increase in savings reduced the pace at which they acquired
Treasury securities, while nonfinancial
bonds issues in 10 years.
The Federal Reserve System added $3 corporations showed little change.
Among Federal agency securities
billion to its holdings. Other groups which
increased the pace at which they ac- there were sharp increases in the volume
quired Federal securities were State of Federal Home Loan Bank debenand local governments ($1% billion), tures, and a reduction in the outand individuals ($1% billion, mostly standing volume of Federal National
savings bonds). The major financial Mortgage Association debentures. In
institutions—commercial and mutual both 1962 and 1963, the net total of
savings banks, and insurance carriers— Federal agency security issues aggreliquidated Federal securities on balance. gated about $1% billion.
Table 7.—Public and Private Debt, End of Calendar Year, 1959-63 ' 2
[Billions of dollars]
In addition to financing the $4 billion
expansion in the net Federal Government debt, the Treasury had to refinance approximately $30 billion of
maturing securities, and elected to
advance-refund another $14 billion.
The Treasury again favored fairly
short-term issues for raising new money.
Last year's advance refunding was
the largest for any of the 4 years since
the introduction of this technique. In
addition to the replacement of mediumterm securities by longer maturities,
the advance refunding technique was
also used to shift securities due within
a year into medium-term securities.
Last year's experience differed from that
of 1962 mainly in that the operations
were carried out on a bigger scale.
The vast bulk of subscriptions for
new cash were securities maturing
within 1 year. However, there was a
$1.9 billion issue due within 7 years;
and two small issues aggregating over
$Yz billion and due in more than 30
years.
As a result of last year's public debt
operations, the short-term debt in the
hands of the public rose $2 billion over
the year, while debt due in more than
5 years was up $4% billion. Intermediate term issues due in more than
1 but less than 5 years were down $3%
billion. The balance of the increase
728-330
°—64
3
Gross debt
Net debt
1959
1959
1960
846.2
890.2
94G. 4 1,018.7 1,093.5
301.0
313. 1
329.7
340.7
384. 3
389.2
402.7
421.2
434.5
241.0
235. 2
5.8
248.1
241.8
6.4
255. 9
248.1
7.9
261. 2
251 6
9.7
321. 9
290. 8
31. 1
322.1
340.3
347.8
290.2
31.8
330. 2
296. 2
34.0
303. 5
36. 8
309. 3
38. 4
60.0
14. 5
45. 6
65. 0
16.2
48.8
73.7
18.2
55.5
79.5 J 62.4
19.9
59. 6
67. 1
18. 1
49.0
7O Cj
20.0
52 5
80.9
21.9
59. 0
86.7
23.4
63.3
547.4
589.2
633. 3
689.0
752.8
283 3
Total all corporations
129. 3
Long-term 7
Short-term 7 . .. _-- 154. 0
83.7
Notes and accounts payable
70.3
Other
30? 8
139 1
163. 6
89. 7
74.0
323. 0
149 4
173. 6
95. 4
78.3
347.4
374.6
11.9
9. 7
2.2
.5
1.6
13. 5
11.3
Total public and private debt.
Total public debt
Federal financing operations
17
---
-
.._ 298.8
.. .
Federal Government and agency 3 4 5.. 243.2
237. 2
Federal Government
6.0
Federal agencv
---- - - .
State and local governments 6
State governments
Local governments
55. 6
13.7
41.9
Total private debt
1961
1962
161. 4
186. 0
102. 5
83.5
1963
1960
1961
1962
1963
986. 1 1,037.2 1,098.8 1, 177. 9 1,260.4
m
601.8
337. 7
174. 9
156. 0
199. 6 1 181. 7
111.8 1 100. 4
81.3
87. 9
648.0
696.1
756.7
825.9
361. 6
168.0
193. 6
107. 6
86. 0
385. 9
180.4
205. 5
114.5
91.0
415. 2
195. 1
220. 1
123. 0
97. 1
211. 5
236. 2
134. 1
102. 1
13.4
11. 1
2 2
.6
1. 6
13.2
10. 9
2.3
.6
1.7
13.1
10.8
2.3
L7
13. 3
10.8
2.4
.6
1.8
402. 1
184.3
217.8
l'^2 5
95. 3
434. 4
200. 6
233. 8
133. 5
100. 3
447.7
Railway corporations.
__ .
Long-term 77
Short-term
_--..-.
Notes and accounts payable
Other
12.1
10. 1
2.0
5
1.5
11.9
9.9
2.0
.6
1.4
11. 9
9.8
2.1
1.6
11.7
9. 7
2.0
.5
1.5
Nonrailway corporations
Long-term 7
Short-term 7
Notes and accounts payable
Other
271.2
119.2
152. 0
83.2
68. 8
290.9
335. 7
151. 8
184.0
102.0
81.9
362. 7
165. 2
197. 5
111.2
86.2
324. 2
144. 7
179. 5
99. 8
79.6
348.2
129. 2
161. 7
89.1
311. 2
139. 6
171. 6
94. 9
76.7
156. 9
191. 3
106. 9
84.4
372. 6
169. 5
203. 1
113. 8
89. 3
264. 1
286. 4
310. 3
341.6
378.2
264. 1
286. 4
310. 3
341. 6
378.2
23.0
11 3
11.7
25. 1
12 8
12.3
27.5
13.9
13. 6
30.2
15.2
15. 0
33.2
16.8
16.4
23.0
11.3
11. 7
25. 1
12.8
12. 3
27 5
13.9
13.6
30.2
15. 2
15. 0
33.2
16.8
16.4
241. 1
160.8
124.3
261.4
174. 5
134.2
282.8
311. 4
210. 6
157. 2
345. 0
234. 2
171.7
241. 1
1(50. 8
124.3
261.4
174. 5
134.2
282. 8
190. 4
145. 1
311.4
210. 6
157. 2
345. 0
234. 2
171. 7
Total individual and
debt
noncorporate
Farm, total 8
Farm mortgage
Farm production
Nonfarm, total
Mortgage _
1-4 family residential
Multifamily residential
commercial
8
Other nonfarrn
Commercial. _
Financial 10
Consumer
.6
1.6
and
190. 4
145. 1
36.5
40.2
45.3
53.4
62.5
36. 5
40.2
45. 3
53. 4
62. 5
80.3
15.3
13.4
51 5
86.9
16. 6
14.2
56. 0
92.4
17.9
16.9
57.7
100.8
19.3
18.3
63.2
110.8
20.1
20.8
69. 9
80.3
15.3
13.4
51. 5
86.9
16. 6
14.2
56. 0
92. 4
17. 9
16.9
57. 7
100. 8
19/3
18.3
63. 2
110.8
20.1
20.8
69. 9
1. Data for State and local governments are for June 30 of each year.
2. Estimates for the period 1916 through 1956 appear in the July 1960 Survey: data for 1957 may be found on p. 19 of the
May 1962 Survey, and for 1958 on p. 16 of the May 1963 Survey.
3. Includes categories of debt not subject to the statutory debt limit.
4. Net Federal Government debt is denned as the gross debt outstanding less Federal Government securities held by
Federal agencies and trust funds, and Federal agency securities held by the U.S. Treasury and other Federal agencies. It
thus equals Federal Government and agency debt held by the public.
5. Details of Federal obligations may be found in the Treasury Bulletin.
6. Includes State loans to local units.
7. Long-term debt is defined as having an original maturity of 1 year or more from date of issue; short-term debt as having
an original maturity of less than 1 year.
8. Comprises debt of farmers and farm cooperatives to institutional lenders and Federal Government lending'agencies,
and farm mortgage debt owed to individuals and others; farmers' financial and consumer debt is included under the
"nonfarm" category.
9. Comprises debt incurred for commercial (nonfarm), financial, and consumer purposes, including debt owed by farmers
for financial and consumer purposes.
10. Comprises debt owed to banks for purchasing or carrying securities, customers' debt to brokers, and debt 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; LT.S. Department of Commerce, Bureau of the Census, and Office of Business Economics.
SURVEY OF CURRENT BUSINESS
18
Table 8.—Total Noiifarm Mortgage Debt
by Borrowing and Lending Groups, by
Type of Property 1
[Billions of dollars]
1959
1960
1961
1 962 1963
Total nonfarm residential and
commercial mortgages
178.7 194.0 212.4 236.4 264.3
Corporate borrowers 2
Noncorporate borrowers
17.9 19.5 22.0 25.8 30.0
160.8 174.5 190.4 210.6 234.2
1-4 family residential mortgage debt
_ 130. 9 141. 3 153. 1 166.5 182. 3
Savings and loan associa49 5 55.4 62.4 69.8 79.1
tions
Life insurance carriers
23.6 24.9 25.8 26.4 27.3
Mutual savings banks
16.9 18.4 20.0 22.1 24.7
Commerical banks. _ _
19 2 19.2 20.0 22.1 25.1
Federal National Mortgage
\ssociation
.5.0 5. 5 5.4 5.2 4.0
Individuals and others 3
16.7 17.9 19.4 20.9 22.2
Multifamily residential and
commercial *
47 9 52.7 59.3 70.0 81.9
Savings and loan associations
.- 3.6 4.7 6.4 9.0 11.8
Life insurance carriers
12.8 13.9 15.3 17.1 19.5
Mutual savings banks
8.0
9.1 10.1 11.5
7.4
Commercial banks
8.7 10.3 12.0
Federal National Mortgage
\ssociation
.6
.6
Individuals and others
15. 5 17.1 19/2 22^7 2G.5
1:1
1. Date for 1929-44 may be found on p. 18 of the September
1953 Survey and for the 1945-56 period on p. 22 of the May
1957 Survey; estimates for 1957 are on p. 20 of the May 1962
Survey, and for 1958 on p. 17 of the May 1963 Survey.
2. The corporate mortgage debt total is included in the
total corporate long-term debt outstanding (table 2).
3. Includes portfolio loans of the Veterans' Administration.
4. The data represent mortgage loans on commercial and
residential property, excluding multifamily residential and
commercial property mortgage debt owed by corporations
to other noufmancial corporations.
Sources: U.S. Department of Agriculture, Agricultural
Research Service; Board of Governors of the Federal System;
Federal Home Loan Bank Board; and U.S. Department of
Commerce, Office of Business Economics.
State
and
borrowing
local
government
The surplus of State and local governments—considered as a group—
increased moderately last year, and the
improvement has apparently continued
into the current period. Nonetheless, State and local governments
floated a record volume of bonds on
the new-issue market last year.
Since I960, the easing of pressures on
commercial banks had the effect of
enlarging the market for State and local
bonds. Whereas previously banks had
only entered this market during the
easy-money period associated with recession, in recent years the commercial
banks have been in the market for
tax-exempt securities at all times.
In each of the years 1961, 1962, and
1963, they added between $3 and $5
billion annually to their portfolios, an
amount roughly equal to three-fourths of
the net increase in State and local debt
outstanding over these 3 years. With
such sizable additional funds entering
the State and local market, the yield
spread began to widen further as State
and local bond prices were bid up more
than Federal bond prices. In 1962 and
1963, the yields on State and local Aaa
rated bonds have averaged 77 percent
of those on long-term Federal securities.
This yield spread between tax-exempt
and Federal and other securities has
encouraged some governmental units
to reduce costs by investing the proceeds of new security issues in time
deposits or securities carrying a higher
yield.
In terms of interest costs, this technique is equivalent to refinancing.
In terms of a balance sheet, however,
the new technique differs from a refinancing since both the old and the
new debt remain outstanding, while in
a refinancing only the new debt remains
on the balance sheet. This technique
was reflected in increased liquid asset
holdings bv State and local governmerits, which rose $4 billion—$1%
billion more than in the previous year.
The spurt in borrowing was most
pronounced among revenue issues,
which totaled $4 billion last year,
SIX billion above the 1962 mark.
Bonds issued by special authorities were
O
v/
May 1964
up $1 billion. Most other categories
of tax-exempt bonds showed little
change.
As shown in the chart below,
State and local government debt has
been one of the fastest rising debt
categories over the postwar period.
State and local obligations have risen
PUBLIC AND PRIVATE DEBT
Postwar Rise Centers m Pmote and
Municipal Obligations
Billions of
1,200
1,000 -
200
0 u
45
U $, Department of
50
55
60
e, "(VHrce of 8u$wes& Economics
65
M-5
O
some 6 times, as compared with 4 times
for corporate debt and 7 times for
individual debt. This high volume of
borrowing has been occasioned by the
heavy demand for community facilities
to service our growing population.
by ELEANOR A. REAR
Shifting Patterns in Retail Trade
X HE increase in consumption expend- been accelerated in recent months by
itures for goods accounted for most the reduction in Federal taxes. Sales
of the expansion in economic activity and income changes have not always
in the first quarter of 1964. With this moved in parallel fashion. Last year,
rise in goods demand, retail stores for example, sales rose relatively less
experienced a seasonally adjusted sales than income; earlier in the recovery
increase of 2/'<> percent from the fourth period, and in the first quarter of 1964,
quarter of 1963 to a new peak in the the reverse was true.
first quarter of 1964. This is the largest
These differential movements are
quarterly gain so far in the 1961-64 shown in the first chart, which also
expansion, during which retail sales illustrates the comparatively small rise
have risen almost one-fifth above the in retail prices in recent years. Since
recession low 3 years earlier. Advance early 1960, consumer goods prices have
data indicate that April sales are being risen 3K percent, or less than 1 percent
maintained at the first-quarter rate, per year. Over the past 12 months
although they are slightly below the these prices increased almost 1% perFebruary peak.
cent. After allowance for price change,
Retail sales have been supported by the physical volume of goods passing
a continually rising volume of disposa- through retail channels in the opening
ble personal income-—and this rise has quarter of 1964 was 3 percent above
the corresponding period of 1963.
RETAIL SALES, INCOME,
AND PRICES
Recent sales changes
• Retail Soles Outpaced Income Rise tn
1961-62, and So For in 1964
• Consumer Goods Prices Continue Slow Rise
BiMton $ (Ratio Scale)
500
1957-59
1(30
Disposable Personal
Income (Annual rates)
(left scale)
400
150
300.
Retail Sales (Annual rates)
(left scale)
125
200
100
Consumer Goods
Price Index
(right scale)
T
350 i t i i i 1, i i i 1 i i i I i i i 1 i i i t 75
,
1960 1961 TO2 1963/1964x
,
Seasonally Adjusted
,;
* ""
,
J
'
-
°°^: OB^t Census,, &BLS -
5/Dep«rtm&ni ol Oomnfiefce^ <Xftw Q! Bustness Economics
Seasonally adjusted increases from
the final quarter of last year to the first
quarter of 1964 were widespread among
the major lines of retail trade, and
rather evenly distributed between durable and nondurable goods stores. One
of the best performances was by the
general merchandise group—particularly department stores and variety
stores—with a gain of 6 percent from
the fourth quarter of 1963. This large
first-quarter increase followed a decline
in sales during the fourth quarter which
was probably attributable to a dip in
apparel sales. Sales of apparel stores,
it may be noted, rose considerably in
the first quarter after a fourth-quarter
decrease. Sales of furniture and appliance stores have been expanding sharply
since early 1963, in part because of the
high rate of homebuilding.
Automotive dealers are now in their
fourth year of rising sales, a rather
unique experience. All major sectors of
their business are doing well. Unit sales
of domestically produced and imported
cars have maintained an 8 million or
better seasonally adjusted annual rate
in all but one of the months from October 1963 to April 1964. In April and
in February of this year the rate approached 8% million cars.
Marketing of new trucks has recently
shown an even larger relative gain than
new cars; truck sales in the first 4
months of 1964 were up one-sixth over
the same period of 1963 as compared to
7 percent for new cars. Partial information also shows that sales of used cars
and trucks are above last year.
Fourth- to first-quarter sales gains at
foodstores and eating and drinking
CONSUMER BUYING
AND INCOME
Retoil Sales Have Declined Relative to
Disposable Income as Consumer Spending
Hos Shifted From Goods lo Services^
Percent of Disposable Income
100
Consumption Expenditures
For Goods and Services
All Retail Sales
70
Consumption Expenditures
For Goods
50
W8
U,$
19
-
SURVEY OF CURRENT BUSINESS
20
May 1964
2% years they have held the book
value of their inventories just under 1.4
times monthly sales. This is lower
than in other postwar periods of peak
sales, when stock-sales ratios are
typically lowest, (see table 2).
In the opening quarter of this year,
most major trades added to stocks as
sales expanded. About three-fourths
The tax cut and early 1964 sales
of the seasonally adjusted rise of over
$300 million in this quarter occurred at
Retail buying has not changed much
automotive stores, where both stocks
since the reduction in personal income
and sales are at record levels.
tax withholdings became effective in
Franchised automobile dealers at
March. Sales in March and April
the end of April held a record 1.1
were 1 percent below February, but
Retail inventories rise with sales
million new passenger cars (seasonally
higher than in any previous month.
Retailers continue to follow conserv- adjusted). With sales at an 8 million
In interpreting this result, it should
be noted that it may be too early for ative inventory policies. For the past annual rate, this stock was equal to
about 50 days of sales, or well above
most earlier periods of high auto
Table 1.—Percent Changes in Retail Sales, 1960-64
demand. The forthcoming wage ne19621963
1963gotiations in the auto industry this
fourth
fourth
quarter
quarter
summer
may be a factor here.
Second
Third
—1964First
1961-62
1962-63
—19631960-61
quarter quarter quarter first
frrst
Stack-sales
ratios in furniture and
-second
-third
-fourth
quarter
quarter
quarter quarter quarter
appliance stores, after rising through
the mid-19 50's, have declined in recent
0.8
-0.2
1.4
4.7
1.5
2.5
7.6
All retail stores
.
-0.3
years.
Ratios have continued to fall
2.8
-.2
.8
6.9
2.8
2.8
Durable goods stores
— 4.9
11 4
in
1963
and early 1964 as sales of fur2.8
-.3
3.2
-6.6
7.4
Automotive group.
__
3.0
16.0
-.1
2.6
7.6
3.4
3.3
— 6.9
Passenger car other auto dealers
16.5
niture
and
appliance stores picked up
6.4
1.6
-1.3
3.5
—2 9
-2.3
1.3
Tire battery accessory dealers
8.0
4.6
7.4
2.5
3.8
Furniture and appliance group
4.2
—2.0
3.0
impressively.
Stock-sales ratios of lum3.8
2.5
6.3
6.6
6.7
Furniture, homefurnishings
.. .._ _ _ -3.0
3.1
8.6
5.9
-1.7
3.9
Household appliance T V radio
—.3
1.3
(*)
ber-building
material-hardware
stores
— .1
1. 1
—1 6
2 3
1 8
Lumber building hardware group
—3 2
3 8
2.4
2 9
— 1.9
.6
2. 1
—.5
—2.5
Lumber building materials dealers
4.0
have
shown
fairly
similar
movements;
4
7
7.9
-5.2
.7
1.9
— 2.5
-5.2
3.0
Hardware stores
they have picked up a bit in 1964,
— 2
3.7
2.3
-.3
.9
1.7
1.8
5.9
Nondurable goods stores .
-however.
5.6
4.4
.9
-2.5
-3.8
.2
5.0
Apparel group.
(*)
1 7
1
7 1
—6 1
4 8
—3 2
I 5
IVEen's and boys' wear
30
Stocks at apparel stores have been
-1.7
6 4
2. 1
— .9
— 1.6
4.3
3 9
—1 1
Women's apparel accessories
7.6
—. 9
.8
5.0
-1.3
-5.8
-4.0
Family and other apparel
3.8
showing
a rising trend relative to sales
2 2
2.3
.5
-6.2
5.5
6 7
Shoe stores
— .1
.4
.9
.3
1.8
.5
3.8
2.8
Drug and proprietary stores.-_._
from
one
postwar peak to another, and
4.4
1.9
1.1
1.7
1.9
2.1
Eating and drinking places _
._ .
5.5
-1.0
2.7
2 9
—.1
Food group
4 0
1.7
1.8
(*)
stock-sales
ratios of foodstores have
2.4
3.9
2. 1
2 3
-2.0
1.3
.3
3.8
Gasoline service stations
5.4
-2.0
9 2
1. 1
3.5
6.3
General merchandise group
3.7
been
tending
upward. In apparel,
-2.6
-.3
4. 4
5.3
2.2
3.5
8.3
8.8
Department stores
1.6
1 6
8 5
IVIail order houses
38
10
4 8
some
reduction
in
this ratio took place
4.9
3 8
.9
4 6
9 3
Variety stores
1.0
.6
4.8
3.2
.8
10.1
Liquor stores
.5
-1.0
1.5
during the first quarter of 1964 as sales
rose appreciably, and stocks only
*Less than .05 percent.
slightly.
Source: U.S. Department of Commerce, Office of Business Economics and Bureau of the Census.
The stock-sales ratio for general merchandise stores at the end of the first
Table 2.—Retail Stock-Sales Ratios
quarter of 1964, at just under 2, was
Periods of cyclical peaks in retail sales
lower than in any other previous period
of peak sales.
1963
1953
1960
1948
1964
1957
places were relatively close to the
increase in total retail sales.
Gasoline service stations and lumberbuilding material and hardware stores
have not shared in the current general
rise. Although their sales are above
the previous year's level, little of the
gain has come in recent months.
any measurable effect to have occurred,
since consumer spending habits are
somewhat sluggish, and some time
may be needed for the tax-cut effects to
be reflected in increased spending.
Thus, if the expected impact in the
first month or two is relatively small,
it may not be discernible due to irregularities in short-term movements
of retail sales. Also, sales in February
were quite high and may have included
some anticipatory buying in view of
the certainty of passage of the tax-cut
legislation at that time.
9
All retail stores
.. _
._
Durable goods stores..- Automotive group
Furniture and appliance group
Lumber, building, hardware group
Other durables
Nondurable goods stores
Apparel group
...
Food group
General merchandise group
Other nondurables
- - - .
-
-
3d Qtr.
1st Qtr.
3d Qtr.
2d Qtr.
4th Qtr.
1.40
1.48
1.45
1.45
1.38
1.36
1.72
93
2 37
2 25
2 91
1.85
1 08
2.48
2 80
3.14
1.99
1 28
2 49
2 80
3 49
2.00
1 50
2.22
2 55
3.24
1.75
1 34
1.87
2 37
2 68
1.76
1 36
1 82
2 43
2 58
Shifting Pat terns in Retail Sales
1 24
1.26
1 18
1.19
1 20
1 18
2.61
70
1.98
.93
2.72
65
2.39
.93
2.83
70
2 15
.82
2.86
69
2. 17
.83
3.05
72
2 12
.83
2 93
73
1 95
.82
Source: U.S. Department of Commerce, Office of Business Economics and Bureau of the Census.
1st Qtr.
Retail sales have shown a considerable and almost continuous rise in the
postwar period, from $134 billion in
1948 to $246 billion in 1963, a gain of
almost 83 percent. This increase in
buying was financed, in part, by an
even greater rise in disposable personal
income, which went up 113 percent,
SURVEY OF CURRENT BUSINESS
May 10G4
and by a large extension of consumer
credit.
The differential rate of growth in
retail sales and disposable income since
1948 to a large extent reflects the sharp
change in the distribution of the consumer dollar. As can be seen in the
chart, consumer spending for goods and
services combined has kept pace with
disposable income over the postwar
period. Spending for services, however,
has risen relatively faster as services
recovered from their abnormally low
position in the immediate postwar
years, when a continuation of such wartime restrictions as rent controls prevailed.
Part of this shift in consumer spending is attributable to the rapid increase
in service prices, as restrictions were
removed. Between 1948 and 1963 the
Consumer Price Index for services rose
60 percent, a compounded annual
growth rate of 3 percent, as compared
to a 16 percent, or less than 1 percent
per annum, rise in the average price of
goods.
This change in spending habits has
had its impact on sales at retail stores,
which primarily distribute goods—
although services are quite important
in certain lines such as filling stations
and motor vehicle dealers. In the
1948-50 period retail sales were equiv-
21
alent to more than 70 percent of disposable personal income; in the 1961-63
period, however, sales had slipped to
61 percent of such income.
Not only has the relationship between
total sales and income changed, there
has also been a shift in the pattern of
retail spending. While aggregate sales
have risen 50 percent, some lines of
trade have experienced greater gains
than others. By translating the sales
of the various kinds of stores into centsper-retail sales dollar, their differing
rates of growth stand out more clearly.
The relative distribution of retail
sales by lines of trade over the postwar
period is shown in the chart. In
SALES OF RETAIL STORES SINCE 1960
of Autos, Furniture, Appliances/ and General Merchandise Have Been Particularly
Impressive In Recent Months
Billion $ (Ratio Scale)
Billion $ (Ratio Scale)
200
10
Nondurable Goods
Stores
BiNton $ (Ratio Scale)
Women's and C h i l d r e n ' s
Wear
9
a
150
V
7
.100
90
5
Durable Goods
Stores
Family Appare
Stores
Furniture and Hom
Furnishing Stores
6
Appliance, Radio
TV Stores
Men's and Boys' Wear Stores
4
80
70
Shoe Stores
I
60
50
40
I
I
20
Passenger Car,
Other Auto
Dealers
Hardware Stores
Department Stores
,,M.1,....I
....,., I
1
I. . . . . I
I . . . Ml.
15 -
70
Food Stores
60
30'
25
50
Gasoline ServiCS
Stations
20
20
15
15
Eating and Drinkim
Places
Tire, Battery, Accessor/
Dealers
15
3,0
M a i l Ord<
2,0
2.5
Liquor Stores
2.0
Mil l i l t ! I l l l l l l I l l M I i l l , M 1 1 1 1 II l l l l l I l l l l l l lllllllllll
J960
61
62
63
64
1960
61
62
63, *
64
Seasonally At!justed at Annual Rotes
U.S. Department of Commerce, Office of Business Economics
•1,5
61
63 .
64
SURVEY OF CURRENT BUSINESS
22
examining the chart, certain reserva- period. As a result, the relative share
tions should be kept in mind. First, of sales by nondurable goods stores
the data refer to kinds of retail stores was abnormally high in 1946, dropped
rather than types of commodities. rapidly in the late 1940's as durable
Secondly, the base is total retail stores goods output moved into high gear,
rather than total consumer spending— and then moved up again during the
so that the larger relative growth in Korean period as the supply of durables
services than in goods is not represented. was again curtailed.
Thirdly, some events in the postwar
Soft goods generally show faster
period have resulted in serious imbalgrowth
ances in the supply-demand situation
Most nondurable goods lines of trade
in some trades. The two most obvious
distortions arise from the shortage of have been absorbing increasing procertain goods in the reconversion period portions of the retail dollar since 1953.
following World War II, and the re- In the case of foodstores, department
strictions on output during the Korean stores, and drugstores, there is a sug-
May 19G4
gestion that part of their better-thanaverage showing since the mid-1950's
is due to the aggressive merchandising
of large multiunit organizations.
These organizations have been quick
to expand in the more rapidly growing
suburban areas. Most newly developed shopping centers have been
oriented around a large grocery store,
drugstore, and one or more department
stores.
Furthermore, it appears that the
most rapid expansion rates in the past
decade have been shown by lines of
trade that handle a wide range of
merchandise lines. Multiunit on> f ani-
POSTWAR SHIFTS IN RETAIL BUYING PATTERNS
• Since 1953-Food, Drug and Department Stores, and Gasoline Stations
For Increasing Shore of Retail Sales Dollar
« Most Durables aria1 Eating and Drinking Places Show Downward Drift
Per Retail Dollar
Cents Per Retail Delia:
Cents Per Retail Dolbr
20
W o m e n ' s anci C h i l d r e n ' s W e a r
Stores
2 Shoe Stores •*
_J
I
1
I
i
Men's and B o y s ' Wear S t o r e s
i
.J
1
1
1, , 1
1
{
1
1—1
1—I
60
62
64
Department Stores
Variety S f o r $ S
Mail Order
Liquor S t o r e s
I
-
:'
1948 50
52
54
56
5B
60
62
64
,
Ut
-
Qtr
D<$. Department of Commerce, Office &* Business Economics
1948 50
52
I
i
54
l
l
!
56
I
!
58
.! I...
60
62
64
1948
50
52
54
56
58
SURVEY OF CURRENT BUSINESS
Mav 1904
zations have been leaders in this form
of merchandising, and the proliferation
of product lines in grocery and drug
stores has been phenomenal. Even
department stores have added to their
goods and services departments.
Another notable example is the rapid
expansion in the number of full-line
discount-department stores.
There are other factors in the upward
movement in foodstore sales from about
23 cents in the mid-1950's to 24 cents
or more in the 1960's. There has been
a continuous trading-up in food purchases both in terms of the more expensive types, and in the expanded
buying of better-prepared, bettertrimmed, precooked, and frozen food
products. Another factor is that food
prices in recent years have risen slightly
relative to overall goods prices.
Over the shorter term, since consumers tend to maintain their food
purchases during recessions, while
sharply curtailing their expenditures
for autos and appliances, the share of
the retail dollar taken by foodstores
rises sharply in a business downturn;
conversely, the share declines in
recoveries.
Drugstores owe part of their increased
share of retail sales in the past decade
to the tremendous growth in the use of
antibiotics and other highly effective
new drugs, which are typically higher
priced than the drugs formerly in use.
Since 1961, there has been some slip-
page in the share of the retail dollar
taken by drugstores.
Eating and drinking places, although
increasing their total sales, have accounted for a smaller part of the sales
dollar in the past few years than in
the immediate post-Korean period.
Slightly more of the consumers' dollar
is currently being spent in liquor stores
than in 1953.
Women's and children's wear, and
shoestores have been relatively stable
in their share of the retail sales dollar
throughout this period. Men's and
boys' wear have shown a light downward drift over the past decade, while
family apparel stores have slowly increased their share of the total.
The part of the sales dollar spent in
gasoline service stations has risen from
6 cents in 1953 to 8 cents currently.
Most of the receipts of these stations
come from the sales of motor fuel and
oil and the repair and general maintenance of motor vehicles, and their stable
growth reflects the continuous postwar
growth in the number of vehicles in
operation. Sales of tire, battery, and
accessor}^ dealers, holding steady over
the postwar period at slightly over 1
percent of retail sales, have also benefited by this factor; this is the only
durable goods group which did not
show a downward movement in its
share of the retail sales dollar in the
past decade.
Sales of passenger car dealers have
23
shown wide cyclical swings. In the
recession troughs of 1954, 1958, and
1961, their share of the retail dollar fell
sharply, rising again in each of the
following upswings. Even though
motor vehicle dealer's sales were at
record rates in early 1964, the portion
of the sales dollar spent at these stores
has failed to match the 1953-57 rate.
Sales of lumber-building material
dealers and appliance stores are also
appreciably affected by changes in the
business cycle, but to a lesser extent
than are automotive sales. Sales of
furniture-homefurnishings and hardware stores do not react measurably to
cyclical movements. The lesser cyclical
response shown by these trades and by
appliance stores and by lumber-building
material dealers possibly reflects their
relationship to movements in housing
activity, which in the postwar period
has frequently moved in a countercyclical fashion.
The shares of the retail dollar taken
by furniture-homefurnishings and appliance stores, after losing about onehalf a cent each from their mid-1950
highs, have recently stabilized as these
stores have registered larger-than-average
sales gains in 1963 and early 1964.
Sales of lumber-building material
dealers and hardware stores, on the
other hand, have not been particularly
strong in the recent period, and the
decline in their share of the sales
dollar has continued.
Manufacturing and Trade—Revised Estimates of Sales and Inventories
PRESENTED below are revised estimates of wholesalers' sales, inventories,
and stock-sales ratios. Data for total
manufacturing and trade have been
adjusted to include the new wholesale
trade figures; data for manufacturers
and retailers have not been revised.
The wholesale trade estimates incorporate revised seasonal and trading
day factors developed by the Bureau
of the Census for the period starting in
January 1960. In addition, the data
have been expanded to cover all merchant wholesalers; the former series had
excluded wholesalers of farm products,
raw materials. The inclusion of the
latter group affects the data for wholesale trade and for the total of manufacturing and trade back to 1948 when the
series begins. The estimates prior to
1957 are available on request.
SURVEY OF CURRENT BUSINESS
24
Table 1.—Manufacturing and Trade Sales,
Seasonally Adjusted
Table 2.—Manufacturing and trade Inventories,* seasonally adjusted—Continued
[Millions of dollars
[Millions of dollars]
Manufacturing
Merchant wholesalers
trade
total
Durable
goods
and
Total
Manufacturing
Merchant wholesalers
trade
total
Durable
goods
and
Nondurable
goods
Total
May 1964
Table
3. — Manufacturing and Trade Tnventory- Sales Ratios*
Manufacturing
and
trade
total
Non-
Merchant wholesalers
Total
Durable
goods
durable
Nondurable
goods
1957
1957
1957
Tan
Fob
Mar
Apr.
May
Juno
July
Aug
Sept
Oct
Nov.
Doc
.
.-
56, 568
57, 006
56, 597
55. 770
55, 651
56, 119
56, 133
56, 682
55, 801
55, 513
54, 946
53, 837
10,971
10, 884
10. 852
10, 554
10, 479
10. 530
10. 510
10, 423
10, 369
10,276
10, 054
9, 959
4, 856
4,859
4,793
4, 534
4, 500
4,504
4, 495
4. 375
4. 386
4,294
4,180
4,086
6 115
6*025
6,059
6,020
5 979
6,026
A m^
6,048
5,983
5 982
5,874
5.873
^^n
Fel)
Mar
A r
- --
P
May..
June
July
£
Sept
All
Oct
J^ov
Dec
Jan
Fob
Mar
Apr
May
June
July
Aug
Sopt
Oot
Nov
Doc
53, 701
52, 836
52 305
52, 333
52, 754
53, 593
54, 071
54, 802
55, 020
55, 631
50. 645
57. 077
9, 925
9, 792
9,823
9,839
9,900
10, 166
10, 226
10, 476
10, 527
10, 662
10, 935
10, 775
3,982
3, 905
3,897
3,917
3, 985
4, 115
4. 157
4, 335
4.394
4, 490
4, 653
4. 559
5,943
5,887
5 9°6
5:922
6,051
o, 06J
6, 141
6,133
M72
6. 282
6,216
1959
57. 554
58, 770
59, 340
60, 402
61 372
61, 055
60, 955
58 922
58, 930
58, 665
58, 314
60. 453
Tan
Fob
Mar
\pr
Mav
Tune
July
\ ug
Sopt
Oct
Nov . .
Doc
10, 783
11,093
11,322
11,412
11, 664
11,455
11, 687
11,371
11, 585
11,228
11,580
11,715
4,432
4.712
4,861
4, 925
5, 101
5, 033
5, 080
4. 926
4,944
4,742
5, 024
4,999
6 351
6 381
6 461
6 487
6 563
6 42?
6 607
6 445
6 641
6^486
6 556
6. 716
Jan
Ycb~
'
A ""~
p
M av"
juj1^
/
Vu cr
Mar
Sept
Oct
Jan
Fob
Mar
Apr
May
Juno
July
.
Oct
Dec
1961
Feb
Mar
Apr
May
_.
June
July
Aug
Sopt
Oct
Nov.
Dec
1962
Jan
Feb
Mar
Apr
May.
Juno
July
Aug
Sept
Oct
Nov
Dec
1963
Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
O A.
Dec
86 980
86 9"
1 92. 971
I 779
12. 732
1^. OM
12.609
12.012
19 fii*
i 9 -^"1
12.
642
I 9 739
I 9 676
1° 739
7, 090
6, 981
6, 933
6, 867
6, 882
6, 890
6. 873
6 917
6. 967
7,048
7. 077
7. 150
5 881
5 798
5,799
5,717
5 727
5 792
5 749
5 637
5 675
5 691
5, 599
5, 589
9
S7 14
19 73^
87 577 i
88 0" i
129 776
I 898
89. 190 j
89 784 <
90, 607
91,218
91. 183
90. 797
90 874
90. 745
91,964
13. 146
13. 956
13. 385
13.472
13.609
13, 609
13 697
13,770
13, 952
7, 239
7, 339
7, 386
7. 532
7. 595
7,707
92, 664
93, 749
94, 540
94, 572
95, 134
95, 307
95, 596
95, 326
95, 564
95, 41 1
95, 544
94,610
13, 910
14, 167
14,141
14, 096
14. 147
14. 184
14, 420
14, 052
14, 059
13, 984
14,312
13. 983
88, 659
88 069
87,618
86. 923
86.353
86.094
xr-, 7>s«
8" ^55
S fl qn7
]9 7f)C)
..
61, 674
61, 421
60, 920
61, 358
60, 613
60, 439
60. 249
59, 741
60. 158
59, 920
59, 175
59, 405
11, 692
11, 770
11,496
11,655
11,521
11,277
11.270
11,278
11,237
11,298
11,299
11,281
5, 128
5, 061
4,812
4, SCO
4, 776
4, 627
4, 665
4, 650
4, 616
4. 605
4 498
4, 540
58, 431
58, 695
59, 387
59,214
59, 991
60, 745
60, 573
61, 550
61. 690
62, 232
62, 893
63, 562
11,282
11.312
11,448
11.380
11.474
11.647
11,650
11.800
11,695
11,961
12,062
12, 003
4,548
4,498
4, 602
4, 608
4, 686
4, 783
4,775
4,811
4,827
4, 935
4, 9o9
4, 973
Nov
Dec
-
1959
Jan
Feb
Mar
Apr
Mav
June
July
Aug
Sopt
Oot
Nov_
Dec
64, 102
64, 170
64, 978
65, 131
65, 217
64, 590
65, 137
65, 257
65, 251
65, 234
66, 150
65, 496
66, 076
67, 002
67, 066
67, 452
67, 545
67, 983
69, 244
68, 250
68, 029
68. 884
68, 338
70 026
12, 175
11,987
12, 015
12. 079
12, 156
12,233
12, 150
12, 124
12, 240
12, 156
12, 365
12, 298
12, 147
12, 514
12, 472
12, 598
12, 509
12, 555
12,884
12, 848
12, 931
12, 954
12, 776
12 986
5,015
5, 037
5, 017
5, 068
5, 026
4,992
5, 021
4, 970
5, 019
5,007
5, 089
5, 071
5, 098
5, 169
5, 141
5, 199
5,184
5, 228
5, 278
5,297
5, 354
5, 323
5, 300
5, 348
Mar
6.745
6,6,50
6.605
6,628
6,621
6,693
6 801
6 741
'
J unc
J ui
. y
Au
c o ic
- - _-
SSept
ct
°rov
£ c
-
1961
Jan
Feb. .
Mar
__
ADr
Ma
6,868
7,026
7,103
7, 030
£ct
£ ov
Dec
y
^ ju^"::::::::::
p>*989 sept;;;.:...::::.
7,011
7,130
7241
7 129
7*154
7,221
7,149
7,276
7 227
'
y
y
I11?16
Jul
Au
S
Sept
O.ct
£OJ
Dec
7 049
7*345
7*399
32"
7? 327
7' finfi
7:551
May...
June
July
^ug
Sept
*?4 , O
C77
/ /
Oct.
.T
7631
1 476
7, 775
7. 694
7, 695
7, 761
7, 869
7,888
8, 055
8,132
8, 158
8, 110
8, 065
8,246
8, 025
8, 027
7, 980
8. 041
7. 882
1959
Tan
Feb
5 496
Mar
5 437
Apr
5' 512
May..
5 614
June
5*661
July
5 678
Aug
o' 710
Sept
5 834
Oct
5*915
Nov
6* OO9 Dec6. 009
0,083
I960
Tan
Feb
(po
6] 112 M f r
6,009
™" ;
5,938
y un p
j>'p ' l°i37v Aug
July::;:;;;:;:;:;
6027
fff
g gfe™;;;;;:;
6, 271
6, 101
94, 248
94, 062
93, 466
93 552
93. 618
93, 554
93, 723
93, 984
94. 319
94, 481
95, 063
95. 576
13. 931
13. 996
14, 081
14 119
14, 176
14, 100
14, 122
14, 285
14,282
14, 159
14, 131
14,251
7.814
7, 761
7,783
7 822
7,782
7, 757
7, 805
7,848
7, 896
7,874
7,887
/ , 944
6 117
6,235
6,298
6 297
6,394
6 343
6,317
6,437
6,386
6,285
6,244
6. 307
96. 079
96, 555
97. 056
97, 275
97, 867
98, 331
98, 658
98, 825
99, 291
99, 747
99. 845
100. 271
14, 351
14, 325
14, 377
14. 407
14,467
14, 550
14, 497
14, 460
14, 482
14. 558
14. 508
14. 580
7,961
7,971
7, 975
7,971
8,017
8, 035
8,030 i
8, 052
8,067
8,087
8,110
8,108
6 390
100
100,
100,
101,
101,
101,
102,
14 586
14, 581
14, 629
14, 781
14, 755
14, 863
14, 991
15. 140
15, 301
15, 488
15, 495
15. 597 i
j
8,123
8,122
8,131
8,202
8,206
8,276
8,255
8,321
8,387
8, 430
8,430
8. 447
Nov
-^ec
471
627
821
151 ]
324
693
134
iuz, zuo
102.535
1U.5, lt)Y
103, 926 i
104, 435 !
...
1958
Jan.
Feb
Mar
Apr_
May
Juno.
July
\ug
Sept
Oct
Nov.
Dec
1.20
1.20
1.19
1.22
1.22
1.20
1.20
1.23
1.26
1.24
1.26
1.28
1.45
1.45
1.47
1. 55
1.56
1.56
1.58
1.62
1.64
1.67
1.72
1.74
1.00
.99
.97
.97
.96
.93
.93
.95
.98
.93
.94
.96
1.65
1.67
1.68
1. 66
1.64
1.61
1.59
1. 56
1.56
1.55
1.52
1.52
1.31
1.31
1.30
1.28
1.27
1.24
1.23
1.20
1.20
1.19
1.16
1. 18
.78
.79
1.78
. 75
.73
.67
.65
.60
.59
L52
1.57
.99
.98
.98
.97
.97
.95
.95
.92
.93
.92
.89
.90
1.52
1.49
1.48
1.48
1.46
1.48
1.50
1.55
1.54
1. 55
1.56
1.52
1.18
1.15
1.14
1.15
1. 14
1.17
1.15
1.20
1. 17
1.22
1.19
1.19
1.63
1.56
1. 52
1.53
1.49
1.53
1.53
1.58
1. 56
1.62
1.54
1.57
.87
.85
.85
.87
.86
.88
.86
.91
.89
.93
.92
.91
1.50
1.53
1. 55
1.54
1.57
1.58
1.59
1.60
1.59
1.59
1.61
1.59
1.19
1.20
1.23
1.21
1.23
1.26
1.28
1.25
1.25
1.24
1.27
1.24
1.54
1.59
1.69
1.68
1.70
1.74
1.77
1.73
1.74
1.73
1.79
1.74
92
.91
.90
.87
.90
.92
.94
.91
.91
.90
.92
.90
1.62
1.60
1.57
1.58
1.56
1.54
1 55
1.53
1.53
1.52
1.51
1.50
1.24
1.24
1.23
1.24
1.24
1.21
1.21
1.21
1.22
1.18
1.17
1.19
1.72
1.72
1.69
1.70
1. 66
1.62
1.64
1.63
1.64
1.60
1.59
1.60
.91
.92
.92
.93
.94
.92
.92
.92
.93
.90
.88
.90
1.50
1.50
1.49
1.49
1.50
1.52
1.51
1.51
1.52
1.53
1.51
1.53
1.18
1.20
1.20
1.19
1.19
1.19
1.19
1.19
1.18
1.20
1.17
1.19
1.59
1.58
1.59
1.57
1.60
1.61
1.60
1.62
1.61
1.62
1.59
1.60
.89
.91
.92
.92
.90
.90
.90
.90
.89
.90
.88
.90
1.52
1.50
1.50
1.50
1.50
1.50
1.47
1.50
1.51
1.50
1.52
1.49
1.20
1.16
1.17
1.17
1.18
1.18
1.16
1.18
1.18
1.20
1.21
1.20
1.59
1.57
1.58
1.58
1.58
1.58
1.56
1.57
1.57
1.58
1.59
1.58
.92
.88
.89
.89
.89
.90
.89
.90
.91
.92
.94
.94
1962
T^1?
r
6,402
6,436
l r f_
^^
f/jJS
°'™
M15
6,471
g*^
July
Aug
Sept
™v
Dec
6 463
6,459
6,498
6,579
6,549
6 587
6,736
1963
Jan
Fel)
Mar__
Apr
May_.
June
July
6,914
7,058
7,065
7, 150
Sept
Oct
Nov
Dec.
* End of month.
Source: U.S. Department of Commerce, Office of Business
Economics and Bureau of the Census.
1.55
1.54
1. 56
1.59
1.59
1.58
1.58
1.58
1.61
1.61
1.62
1.65
1961
Jan
Feb Mar
Apr
May
June-.
July
Aug
Sept
Oct
Nov
Dec
19(.2
Jan
|^b
Mar...
A r
,P
Ma
1963
Jan
Feb.-.
Mar.,.
Source: U.S. Department of Commerce, Office of Business
Economics and Bureau of the Census.
A
r
TP ;
6', 772
7.160
6,950
6,998
'
1960
6,' 709
6,684
6 734
6! 814
!
j
i
X() 109
1960
Aug
6,122
5,966
5,847
5,865
5,740
5,604
5 574
5,737
5,839
5,564
5, 534
5, 615
13.179
13. 02Q
12,884
12,892
12.751
1 2, 638
12,655
12,842
13,016
12.751
1958
1958
Sopt
12. 730
7,057
7, 054
7,037
7,027
7,011
7, 034
7.081
7. 105
7,177
7,187
7, 175
7. 1 15
87, 854
88, 050
88,210
88. 522
88. 512
88. 585
88. 834
89,417
89, 880
89, 165
88, 989
89. 052
Jan.
Feb
Mar.
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
.
*.Based on seasonally adjusted data.
Source: U.S. Department of Commerce, Office of Business
Economics and Bureau of the Census.
BUSINESS STATISTICS
IHE STATISTICS here update series published in the 1963 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 1959 through 1962 (1951-62, for major
quarterly series) and averages of monthly or quarterly data for all years back to 1939; it also provides a description of each series and references
to sources of earlier figures. Series added or significantly revised after the 1963 BUSINESS STATISTICS went to press are indicated by an asterisk
(*) arid a dagger (f), respectively; certain revisions for 1962 issued too late for inclusion in the aforementioned volume appear in the monthly
SURVEY beginning with the August 1963 issue. Also, unless otherwise noted, revised monthly data (for periods not shown herein) corresponding
to revised monthly averages are available upon request. Except as otherwise stated, the terms "unadjusted" and "adjusted" refer to adjustment
for seasonal variation.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely,
through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1961
1962 | 196-3
1961
I
Annual total
|
II
|
Data from private sources are provided
19 62
III
|
IV
I
II
1964
19 63
III
IV
I
II
III
IV
I
Seas onally adjusted c uarterly totals at a n n u a l r ates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
National income, total
Coi 1 1 pensat ion of employees, total
bil. $.
426. 1
453. 7
478. 1
411.1
423. 2
do
302. 1
322. 9
340. 4
294.0
300. 1
304. 4
309. 9
278 8
297 1
241. 6
10.8
44.7
95 7
312. 3
253. 0
11.0
48.3
28 0
271.2
220. 8
281 . 0
228. 8
10. 0
42.2
93 4
286. 1
40.4
22 8
276. 9
225. 8
10 0
41.2
°3 1
48.1
35.3
I9 8
12.1
49.8
36. 5
13 3
12.0
50. 5
37. 7
12 8
12. 1
47. 0
34.2
I9 8
12 1
47.6
35.
0
I9 6
1° 1
4«. 3
3.5. 7
49. 5
36.0
13.5
I9 1
4P>. 5
36.3
13 9
12 0
19 0
19 0
19 0
43.8
47.0
51.1
38. 8
43. 6
44.0
48.6
46.1
46.5
46.1
43.8
22.0
21.8
15.3
6.5
.0
46.8
22. 2
24.6
16.6
8.1
51.5
24.4
27.1
17.8
9.3
-.4
38. 5
19.4
19.2
15.0
4.2
.3
43.4
21.8
21 . 6
15.1
6.5
2
44.3
22.3
22 0
15.2
6 8
-.3
48.9
24.6
24.3
15.8
8.5
-.3
45. 9
21.7
24.2
16.2
8.0
.1
46.7
22.1
24.6
16.4
8.2
2
46. 2
21.9
24.3
16.5
7.8
-.1
Wages and salaries, total...
. do....
Private
..
do
Military ._
__
_ . do_ .
Government civilian
do
Supplements to wages and salaries
. do .
Proprietors' income, totaled
do
Business and profession aid"
do
Farm
_ .
_
do
Rental income of persons
do
Corporate profits and inventory valuation adjustment, total
.
bil $
Corporate profits before tax, total
Corporate profits tax liability
Corporate profits after tax *
Dividends
Undistributed profits
Inventory valuation adjustment
Net interest
_ _
do
do
do
do
do
do
227. 0
10.2
41.6
"10! o
429. 0
19 fi
441.0
"ids
42. 8
93 8
444.7
316.0
290. 7
"nil
43.6
25 ?
452. 4
322. 5
455. 5
325. 3
462. 2
327. 7
466. 7
474. r,
482. 0
489. 1
" 496. 9
332. 0
33S. 7
312. S
347. 9
352. 5
319.4
258. 1
11.8
49. 5
28. 5
323. 6
261.1
11.8
50. 7
28.8
50. 8
38. 2
12.6
12 2
50.8
38. 6
12.2
12 3
304. 5
246. 7
10. 7
47. 1
310.8
50. 0
37.4
12.6
19 ()
.50. 7
37. 2
13. 5
I9 0
314. 6
255. 1
10. 8
48. 7
28. 2
50. 5
37.8
12. 7
49.3
48.8
50. 1
52 2
53. 2
" 55. 8
48.4
22.9
25. 5
17.1
8.4
.9
48.3
22.9
25. 4
17 1
8. 3
.4
51.0
24.2
26. 8
17.6
9.2
52. 2
21 7
27. 5
17.6
9.8
.0
54.3
25.8
28. fi
18.8
9.7
-1.1
» 56. 0
r> 24. 9
f 31. 1
" 19. 1
" 1 2. 0
-.2
296 8
241.7
11.0
44.1
299. 4
243. 7
10.7
45. 0
244! 7
10. f)
46. 3
49.6
36. 5
13.1
25. 9
49.8
36. 6
13.2
50. 3
36. 9
13.4
1 0. 8
47.8
27. 9
]9 ()
[9
I
do
20.0
22.0
24.1
19.1
19.8
20. 3
21.0
21.2
21.7
22.3
23.0
23. 3
23.7
24.3
25. 0
25. 6
do
518. 2
554.9
585. 1
500. 4
512. 5
521. 9
537. 8
544. 5
552. 4
556. 8
565. 2
571.8
579. 6
588. 7
600. 1
608. 0
Personal consumption expenditures, total.. do
336.8
355. 4
373. 1
330.7
334. 9
337. 9
343. 8
348.8
352. 9
356. 7
362. 9
367.4
370. 4
374. 9
379. 9
387. 9
43.6
17.1
19.2
155.1
28 6
81.1
11.9
138.0
20 4
44. 1
10.7
48.2
20.4
20.2
161.4
29 8
84.2
12.3
145. 7
91 5
46.6
11.3
51. 5
22.3
21.3
167.1
30. 3
86.7
13. 0
154. 5
22.6
49.2
12. 1
41.2
15.7
18.3
153. 9
28.2
80.6
11.9
135. 6
20.0
43.3
10.7
43.1
16,7
19.1
154. 5
28.2
81.0
11.7
137. 3
20.4
43.8
10.6
43.9
17.0
19.6
155.3
28. 6
81.2
11.9
138.8
20. 6
44.4
10.7
46.4
18.9
20. 0
47.3
19.7
20.0
50.6
22.0
20.9
165. 3
30. 2
85.8
12.8
151.4
22 2
48. 2
11.8
51.0
22.3
20.7
165. 9
29. 7
86.3
13.0
153. 5
22.4
48.8
12.1
50. 8
21.5
21.3
168. 6
30 9
87.2
13. 1
1 55. 5
22.8
49. 5
12.2
53. 6
23. 3
22.3
55. 5
24. 1
23. 1
158.9
29.7
82.7
12.1
142. 6
21.3
45.6
11.1
47.7
19.8
20.3
162. 5
29. 9
85. 0
12.3
146. 6
21.5
46.9
11.4
50. 5
22 2
20^6
156.9
29.3
81.6
11.9
140.5
20.8
45. 0
10.8
47.5
20.1
19.8
160.6
29.5
83. 9
12.2
144. 8
21.5
46.3
11.3
168.7
30. 4
87.4
13.2
172.4
32.1
89.2
33.3
160. 0
23.2
51.0
12.7
Gross national product, total..
Durable goods, total©
do
Automobiles and parts.
do
Furniture and household equipment. . .do
Nondurable goods, total©
. do
Clothing and shoes .
do
Food and alcoholic beverages
do
Gasoline and oil _ __
do
Services, total ©
do
Household operation. _
do
Housing
_
do
Transportation
do
Gross private domestic investment, total
163. 6
29.9
85.2
12.6
148. 9
21.8
47.6
11.6
157.7
23. 0
50.2
12.3
do
69.0
78.8
82.3
59.6
66.6
72.0
77.6
77.3
79.6
78.9
78.8
77.8
80. 7
83. 7
87.1
84.8
do
do
do
do
do
41.6
21.0
25.5
1 9
1 5
44.4
23.2
28.8
5 5
4.9
46.6
25. 0
30. 9
4. 7
4. 2
39.3
19.0
24.6
-4.3
-4.6
41.0
20.1
24.5
1.1
.8
42. 6
21.9
25.8
3.5
3.2
43.2
22.8
27.1
7.2
6.9
41.7
21.2
27.4
8.1
7.6
44.5
23.3
28.7
6.5
5.8
46.0
24.2
29.3
3.6
2.8
45. 0
23.7
29.9
4.0
3. 2
43.7
22.7
29.0
5. 1
4.3
45.8
24.8
30.7
4.3
3.6
47.9
25 9
31.6
4.2
3. 7
49. 2
26. 8
32. 5
5.4
5.1
49.7
27.1
32.9
2.1
3.9
do
do..."
do
4.4
27.5
23.1
3.8
28.9
25.1
4,5
30.7
26.2
5.4
27.5
22.1
4.3
26. 5
22 2
4.1
27.8
23. 7
4.0
28.3
24.2
3.3
27.9
24.6
4.4
29.5
25.0
4.1
29.4
25.3
3.3
28.8
25. 5
3.6
28. 6
24.9
4.8
30. 7
25.9
,3
31.4
27. 1
5.4
32.3
26. 9
0. 6
33. 6
27.0
Govt. purchases of goods and services, total.. do
Federal (less Government sales)
do
National defense 9
do
State and local
do
107.9
57.4
49.0
50.6
117.0
62 4
53.3
54.6
125. 1
66.3
56.7
58.8
104. 7
55. 4
47.5
49.3
106. 8
57. 1
49.0
49.7
107. 9
57. 1
48.6
50. 8
112.3
59. 8
50.9
52.5
115.1
61.8
52. 5
53. 3
115.5
61.9
52.9
53.6
117.0
62. 4
53. 5
54.6
120 2
63.6
54. 3
56. 6
123. 0
65. 5
56.4
123.8
66. 5
56.7
57.3
125. 7
127.7
66. 6
128.8
66. 9
57. 1
01 . 9
By major type of product:
Final sales, total
Goods, total
__ _
Durable goods
Nondurable goods
Services...
Construction
516. 3
257.3
93.8
163.5
200.4
58.6
549. 3
272. 8
101.5
171.3
214.5
62. 1
580. 3
286.9
109. 6
177. 2
228. 0
65.4
504.7
252. 8
90.6
162.2
195. 3
56.7
511.4
254. 6
92.1
162. 5
199.1
57. 7
518. 3
257. 6
94.3
163. 3
201. 5
59. 2
530. 5
264.0
98.2
1 65. 8
205.7
60.9
536. 3
268.1
99.9
168.2
209. 0
59.2
546.0
270.7
99.9
170.8
213.5
61.8
553. 1
274.8
102. 6
172.1
215. 2
63.1
561. 2
277. 4
103. 5
174.0
220. 2
63.6
566. 6
106. 3
175.3
222. 5
62.5
575 . 4
285. 6
109. 6
176.0
2 26. 5
63. 3
581 5
288. 2
110 0
178.3
229. 6
66. 7
594. 8
291.8
112.6
179.2
233. 6
69. 3
605. 8
299. 1
1 1 6. 0
183. 1
237. 1
69. 7
1.9
— 4
2.2
5.5
2
9
9
6
4. 7
2. 1
2.6
-4.3
-6.6
2.3
1.1
-1.5
2.6
3.5
7. 2
4. 7
2. 5
8.1
4.8
3.3
6.5
3.1
3.4
3.6
2. 5
1.2
4.0
1.3
2.6
5.1
1.1
4.0
4.3
3. 0
1.3
4.2
1.8
2.4
5.4
2. 5
2.9
2. 1
.9
1. 3
New construction..
Residential nonfarm
Producers' durable equipment
Change in business inventories
Nonfarm- __
..
Net exports of goods and services
Exports
Imports
Inventory change, total
Durable goods_ _
Nondurable goods_ _
r
Revised.
p Preliminary.
do
do
do....
Ido.._"
do
do
do
do
do
d" Includes inventory valuation adjustm ent.
9 0
L5
(3) Includ es data not sho\\ n separa tely.
56'. 7
59. 4
!
9 Gover nment sji es are n ot deduc ted.
S-l
SURVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1961
1962 |
1961
1963
Annual total
II
III
Mav 1904
1962
IV
I
II
1963
III
I
IV
II
1964
III
IV
II
I
GENERAL BUSINESS INDICATORS— Quarterly Series— Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
GNP in constant (1954) dollars
Gross national product total
bll $
447.7
474.8
492. 9
443.4
450. 4
463. 1
467.8
474.0
475. 6
481.4
485. 3
489. 4
495. 1
501.7
506. 4
rersonal consumption expenditures, total- .do
303. 6
317.6
328. 9
302.2
304. 5
309.2
313. 0
315.9
318.6
322. 9
325. 5
327.0
330.1
332. 8
339.0
41. 5
143.3
118.9
45.6
147.8
124.3
48.6
151. 3
129.0
40.9
142. 9
118.4
41.6
143. 5
119.4
44.1
144.7
120.4
44.7
146. 0
122. 3
44.7
147. 4
123.8
45.0
148. 8
124. 8
47.8
148.9
126. 2
48.1
150. 1
127.3
48.0
150.5
128.5
48.0
152. 6
129.6
50. 4
151. 9
130. 6
52. 5
154. 8
131.7
57.5
65. 2
67.7
55. 6
59.9
64.7
64.4
66.0
64.8
65. 2
64.6
60. 4
68. 6
71.4
68. 9
34.7
21.0
1. 7
36.7
23.8
4.8
37.8
34.2
20.2
1.2
35. 5
21.3
3.1
36.0
22. 4
6.3
34.7
22.7
7.0
36. 8
23. 6
5.7
37.8
24.2
2.9
36. 9
24.8
3.4
35. 7
24.0
4.9
37.3
25.3
3.8
38. 6
26. 1
4.0
39. 5
26.8
5.0
39. 8
27. 0
2. 1
Durable snoods
Nondurable goods
Services
_
do
do
-do
Gross private domestic Investment, totaL-.do
Ne \v con structlon
..
Producers' durable equipment
Change In business Inventories
do
do
do
4. 4
do
2. 3
1.8
2. 6
1.9
1.9
1.7
.9
2.6
2.3
1.4
1.8
2. 8
2.3
3. 3
4. 5
Govt purchases of goods and services, total do
Federal
do
State and local
do
84.3
44.8
39. 5
90.2
49.0
41.2
93. 7
50. 5
43.2
83.7
44.6
39.1
84.2
44. 6
39. 5
87.4
47.0
40.4
89.4
48.7
40.7
89.5
48.8
40.7
89.9
48. 8
41.1
91.9
49.6
42.3
93.4
50 6
42.9
93.2
51.0
42. 1
94.1
50.7
43.4
94.2
49.8
44. 4
94. 1
49. 3
44. 7
417 4
~2 9
3M <
442 1
57 7
J
,M 1
46} {}
On ">
40 J -}
ill V "
302 0
420 2
-4 0
307 2
428.0
54. 9
373. 1
433. 5
56. 2
377. 3
440, 7
57, 9
444.5
58. 1
380. 5
449.9
58. 5
391.4
453. 9
59. 4
394. 5
459. 9
59. 9
400.0
405. 2
00. 8
404. 4
473.0
02. 1
410.9
479. 1
00. 4
41S. 7
29 2
29. 3
28. 5
29.8
29. 7
27. 1
29. 0
31. 0
30. S
Vet exports of eroods and services
DISPOSITION OF PERSONAL INCOME
Quarterly Data Seasonally Adjusted at Annual Ratfs
Personal Income, total
bll. $_
Less: Personal tax and nontax payments
do
Fouals: Disposable personal Income
do
porsonal savin^ §
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unfi<li usted quarterly or annual totals:
Ml Indnstrios
'
Ml. $..
ATpnufp^turln 0 1
DuraMe "oods industries
Nondurable Broods Industries..
do
_do
do
29 1
OQ
(^
34. 37
37. 31
39. 22
8.61
8. 65
9.54
8. 02
9. 50
9.62
10.18
8. 25
9.74
10.14
11.09
13. OS
14.08
7. 03
15.69
7. 85
7. 84
3. 46
1.58
1.88
3.34
1. 50
l.Si
3.SS
1.79
2.09
3.14
1 . 44
1 . 09
3.69
1.77
1.92
3. 72
1.79
1.93
4.13
2.03
2.10
3.27
1.02
3.92
1. 90
1.95
3. 95
1.90
1.99
4. 56
2.31
2. 25
3. 05
1. SI
1.84
4. 45
•2. 32
2. 13
1. 08
. 85
2. 07
5. 48
3. 03
9. 52
1 . 04
1. 10
1. 92
5. 05
3. 79
10. U3
.26
.18
.48
1.39
.81
2.04
. 20
. 10
. 47
1 . 00
.88
2. 00
0"
!26
.60
1.37
.93
2.37
.28
.24
.50
1. 54
.87
2.48
. 27
'.20
.50
1.52
.95
2.60
.24
. 21
. 39
1.04
.85
2.26
. 20
.28
.54
1.40
OJ
1 . 50
.78
2.16
. 26
. 10
. 50
1.54
88
2. 32
.28
.33
.54
1.61
1.06
. 24
. 29
.48
1. 12
. 28
.41
. 68
1. 51
2^41
.29
.45
1. 00
.93
2.64
7. 40
.9$
1
9. 15
2
10.99
MinSnc.
..._
Railroads
Transportation, other than rail
Public utilities
Commnnicaf ions
Commercial and other
do
do
do
do
do
do
Sens. adj. qtrly. totals at annual rates:
\!1 industries
do
33. 50
34.70
35. 40
35. 70
36. 95
38.35
37. 95
36. 95
38.05
40. 00
41. 20
141.25
- 42. 70
do
13.50
6.20
7.30
13. 65
6.10
7.55
14.00
6.40
7.60
14. 20
0. 55
7.00
14. 45
6.95
7.50
15. 05
7.25
7.80
15. 00
7.30
7.70
14. 85
7. 35
7.50
15.30
7. 65
7. 05
15.95
8.00
8.00
16. 45
8.30
8.15
16. 65
8.30
8. 35
17.40
9. 00
8.40
1. 00
. 70
1. 80
5. 50
3.15
7.90
1. 00
.65
1.90
5. 65
3.20
8.60
1.00
. 60
1.95
5.55
3. 35
9.00
1.15
. 70
2. 05
5. 15
3.70
8.75
1.05
.95
2. 25
5' 40
3.65
9.25
1.10
1.00
2.00
5. 75
3.60
9.85
1.00
.80
1.90
5. 45
3. 60
10.20
1.05
.90
1.70
5.20
3. 55
9.65
1.00
1.00
2. 05
5. 45
3. 65
9.65
1.05
1.20
1.85
5. 90
3.85
10. 20
1.05
1.35
2. 10
5.80
4.05
10. 45
1.05
1. 25
2. 15
5. 70
1.10
1.40
2. 45
6.00
314.40
3 14. 35
4, 797
4, 750
4. 700
4, 770
4. 780
4,790
4, 800
4,815
4. 825
4. 835
4. 850
4. 860
4,875
35, 544
7,535
7,917
8,653
8, 246
8, 316
8,214
8,478
8. 463
9,753
8.373
8, 955
14, 497 16, 145
2,934 1 3, 028
5, 436
5,791
16. 962
2, 880
6. 276
3,404
764
1,338
3, 826
680
1,365
3.881
717
1,415
3,942
754
1,423
4.030
748
1,444
4,127
732
1,423
4, 046
794
1,501
4. 014
748
1,508
4. 182
725
1,546
4,392
708
1.594
4.374 " 4, 340
699
1.6?8
705
4,056
736
4,281
812
4, 532
171
856
173
1,029
174
1,186
191
1,075
182
1,078
176
1,045
187
1,083
211
1, 053
211
1.355
195
1,010
195
1,114
4,150
1,598 !
1,011
1,541
3,273
1, 557
1,209
507
4,082
1,799
1,641
642
1,002
344
219
439
844
399
234
211
1,280
397
464
419
861
199
357
305
834
506
329
711
359
188
164
867
493
335
39
929
501
512
-84
1.734
488
620
626
474
209
294
— 1>9
945
601
215
129
Duribl 0 good s industries
G
^°°
Railroads
Transportation other than rail
Public utilities'
j
nua.; o . ---
1. 85
3^22
S. 40
do
do
do
do
BUSINESS POPULATION
Firms in operation, end of quarter (seasonally adjusted)
thous
* 4. 713
* 4, 755
U.S. BALANCE OF INTERNATIONAL
PAYMENTS!
Quarterly Data are Seasonally Adjusted
U.S. payments, recorded
mil. $.. 31, 778 ! 33,254
Imports:
Merchandise
Military expenditures
Other services. _ _
do
do
do
Remittances and pensions.
do
4
! 16
^3.37
Direct investments
Long-term portfolio
Short-term
do
-do
do
f S receipts recorded
do
30, 313
32, 093
33, 379
7,956
7,247
7,682
7, 688
7,901
8,327
8,177
7,715
8.344
8,534
8, 786
do
do
19,913
8, 398
20, 479
9,311
21, 902
9, 701
4,755
2,088
4,987
2,120
5,121
2,152
5,022
2,184
5,262
2, 348
5,270
2,280
4,925
2,499
5.010
2, 442
5.494
2,409
5. 559
2.362
5. 839 * 6, 074
2. 488
Repayments on TT S Govt loans
do
Foreign capital other than liquid funds (net).do
1, 274
728
1,283
1, 020
974
802
851
262
99
41
196
213
155
327
237
54
601
176
290
463
176
87
190
251
419
194
189
270
421
-390
-670
15
-971
-303
-558
-27
-415
-37
113
469
-301
-492
-748
-135
-1,409
121
161
-386
-169
-95
31
-655
-1, 274
-585
-452
-356
-793
-883
-1,288
-225
-264
Exports:
Merchandise
Services and military sales.. _
Excess of recorded receipts or payments (— ).._do
Unrecorded transactions (net)
do
-1,465 -1, 161 -2, 165
-905 -1,025
-495
Total net receipts or payments ( — )
do
Net receipts or payments (— ), incl. transactions in
nonmarketable, medium-term convertible Govt.
securities
mil $
-2,370
r
1
2
-2, 186 -2,660
— 1 Q.'iS
Revised.
» Preliminary.
Estimates for Jan.-Alar. 1964 based on anticipated capital expenditures of business.
Estimates for Apr .-June 1964 based on anticipated capital expenditures of business.
Anticipated expenditures for the year 1964 are as follows (in bil. $): All industries, 43.19;
manufacturing, total, 17.72; durable goods industries, 8.97; nondurable goods industries,
8.75;
mining, 1.04 ; railroads, 1.38; transportation, 2.06; public utilities, 6.01; commercial and
other (incl. communications), 14.98.
3 Includes communications.
3
3." 60
p -41
533 -1,136
p -41
-50
-239
Unadjusted. Data represent firms in oper ation as of Jan. 1 ; estimat e for Jai . 1,1963,
is based on incomplete data.
§Personal saving is excess of disposable incoriHe over p ersonal c onsump ion expc^nditures
shown as a component of gross national product on p. S-l.
larterly reviews n the .\ Lar., Jim e, Sept.,
{More complete details are given in the qi
and Dec. issues of the SURVEY.
4
SURVEY OF CURRENT BUSINESS
Mav 1064
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1963 P
Monthly
average
S-3
1964
1963
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan .
Feb.
Mar,
Apr. v
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates:
Total personal income
bil. $
1 442. 1 * 463.0
454. 8
457 .4
460.1
462. 6
464.2
465. 1
467.3
471.2
472. 6
476. 0
?47fi. /
478.1
478.8
' 480. 9
483. 1
do
297. 1
312. 3
306. 1
308.7
311.2
312.9
314. 1
314. 4
316. 2
318. 7
319.2
320. 8
321. 7
324. 2
r
325. 3
326. 9
Commodity-producing industries, total-do
Manufacturing only
_ _
do
Distributive industries
do
118.5
94.2
76.6
123. 8
98.3
79.8
120.9
96.3
78.7
122.5
97.2
79.2
123.8
98.4
79.7
124.7
99.0
79.8
125.1
99. 2
80.1
124.7
98.7
80.2
125. 5
99. 6
80. 7
126. 3
100. 2
80. 9
126.2
100 ^
81.0
127. 2
101. 1
81.3
126.9
101.1
81.7
128. 4
101.9
82.1
128. 8
102.3
82. 2
129. 7
103. 1
82. 4
do _
do
do
46.4
55. 6
1? 1
49.5
59. 3
1-> fi
48. 5
58. 0
-,
48.7
58.3
12.5
49.1
58 .6
12.6
49.4
58. 9
12.6
49.8
59. 2
12.7
50.0
59. 5
12.7
50. 2
59.8
12.7
50. 4
61.0
12.8
50.6
61.3
12.8
50. 8
61.6
12.8
50. 9
62. 2
12.8
51.2
62. 5
12.9
51.4
02. 8
12. 9
51.6
03. 1
12.9
do
do
36. 5
13 3
37. 7
1'2 8
37.2
13 3
37.3
12 8
37.4
12.6
37.6
12.4
37.7
12.7
37.9
12.7
37.9 i
12.7 |
38.2
12.7
38.2
12. 6
38. 4
12. 5
38. 4
12.2
38.6
12. 1
38. 7
12.3
38. 7
1 2. 2
12 i
1° 0
17 2
31.8
36.2
12.0
17.3
31.9
36 .4
12.0
17.3
32.1
36 .6
12.0
18.2
32. 3
36.4
12.1
17.5
32. 6
36. 5
12.1
17. 6
32.8
36. 7
12.1
12.2
17. 8
18. 2
33. 0 ! 33. 2
36. 8 i 37. 3
12.2
18.5
33. 5
37.6
12.2
19. 8
33.8
37.7
12.2
19.0
34.1
2 39. 9
12.3
19.1
34.3
37.7
12. 3
12.3
19.4
34. *
3S. 2
Wage and salary disbursements, total
^ervice 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
bil.$__
r? o i
16.6
30. 0
34. 8
10.2 i
494 •"
17.8
32. 5
36. 9
19
11.8
11.5
11.6
11.7
11.8
11.8
11.9
445 7
<*7 0
440 .0
443.1
445. 8
447. 0
448. 0
r
r
r
r 19.3
r
34. 5
38. 0
12.4
12.4
464. 3
400. 5
11.9 ;
12.0
12. 0
12. 1
1 2. 3
12.4
!
454. 1
455. 7
459. 2
M61.6
462. 4
3, 457
3. 460
2, 566
2, 593
2, 397
7S6
1,611
426
872
20X
450. 3
r
FARM INCOME AND MARKETINGS
Cash receipts from farming, including Government
payments (48 States'), total
..
mil. $__
3, 138
3 161
2, 440
2 316
2 373
2. 307
2. 838
3, 043
3,636
5,303
4, 223
2, 993
1 , 328
1, 005
404
908
209
3, 02 1
1 , 392
1.628
400
977
2, 333
754
1 , 579
416
845
274
2, 257
670
1.5S7
406
8^0
258
2, 342
691
1,651
438
914
261
2.291
815
i , 476
417
788
248
2. 781
1.197
1 . 584
398
909
262
2, 928
1. 279
1.649
387
956
289
3.466 i
1, 785 i
1,681
384
986
293
4.517
2.545
1,972
395
1.234
330
4, 100
2, 390
1,710
385
988
326
3. 409
1. 912
1.497
403
796
3, 380
1,681
1.699
411
980
275
2. 409
955
1,454
302
787
241
123
124
1°2
124
130
119
96
70
116
93
116
96
64
121
94
76
108
114
112
116
120
119
12J
142
1 66
123
185
237
145
1 68
223
125
140
178
110
139
157
125
99
89
107
98
73
118
136
130
142
140
134
145
108
65
140
104
112
142
,1
109
72
136
130
119
139
138
127
145
157
170
147
205
247
174
188
230
157
158
183
140
159
171
151
11 5
95
131
113
71
146
118.3
124. 3
122. 5
123.1
125. 1
127. 9
120.5
123. 8
128.3
129.9
127. 1
124.5
r
do__
do
do
do.do
118.7
117.9
119 8
105. 0
131.3
124. 7
124. 4
195 i
107. 8
140. 7
123.3
1 23. 2
123 4
104.5
124.0
124.4
193 7
106.9
126. 1
126.9
195 1
108.9
128.8
129.8
1 23. 4
118.1
130 0
112. 2
128.7
126.6
131.4
111.4
131.1
129.3
133.3
111.0
128. 2
128. 4
127.9
108. 1
125. 1
127.2
T
!•>•> 5
111.3
120.5
121.0
119 8
105.3
_do
do
do
do
do
119. 7
119.7
125.9
117.7
119.6
124.8
195 i
134.3
122.2
124. 2
123.7
123.9
135.2
120.3
123.1
122.1
122.1
135.1
118.0
122.1
123. 0
123. 1
135.4
119.2
122. 8
127.1
128. 1
142.0
123.7
124.8
121.7
121.3
124.3
120. 4
122.6
123.8
124.3
105.7
130. 2
122. 6
130.0
131.7
135.4
130. 5
126. 3
131.9
134.2
148.6
129. 6
126. 9
127.7
128. 5
147.7
122.4
126. 1
125. 3
123. 9
141.7
118. 2
128.5
do
do
do
117.0
114.1
120. 0
1^3 6
121. 1
126. 2
121.5
118.5
124.5
124.0
122.0
126.0
126.9
126. 5
127.3
128. 6
129.2
128. 0
119.4
118.7
120.1
123.9
118.7
129.2
126.8
124. 0
129. 6
128. 1
125.3
131.0
126.5
123. 2
129.8
Farm m a r k e t i n g and CCC loans, total
do
Crops
- -do
Livestock and products, total 9
do
Dnirv products
-do
Meat animals
-._
-_do_ __
PouHry and eye's
do
Indexes of cash receipts from marketings and CCC
loans, u n a d j u s t e d :
All Commodities
1947-49=100
Crops
.. - --do.. Livestock and Products
do
Indexes of volume of farm marketings, u n a d j u s t e d :
All commodities
1947-49^100
Crops
do
Livestock a n d products
__ _
. __do __
INDUSTRIAL PRODUCTION
Federal Reserve Index of Quantity Out-put
Unadj., total index (incl. utilities)
By industry groupings:
ATanufacturing, total
Durable manufactures
Nondurable manufactures
Mining
Utilities
_
1957-59= 100. _
By market groupings:
Final products, total
Consumer goods
Automotive and home goods
Apparel and staples
Equipment, including defense
Materials
Durable goods
raaterials
Nondurable materials
i
r?? 6
125. 8 '128.3
1 25. 9
' 126. 7
T
107.9
r
' 126. 8
126.1
138. 7
122. 1
128.1
r
106. 7
130. 3
r 130. 1
131.7
132. 9
130. 2
108. 0
r
r
r
131. 2
128. 7
106. 2
123.8
121.0
126.8
r
124. 9 ' 128. 1 r 199 9
* 121.1 r 125. 4 r 127. 0
'128.8
130.9 '131.4
130.9
130
132
118.3
124. 3
121. 3
122.5
124.5
125.8
126. 5
125. 7
125. 7
126. 5
126.7
126.9
* 127. 4
124.7
121.9
123.1
125. 2
126.4
126. 8
125.9
126.1
127.1
127. 5
127.9
r
do
do
do
do
do
do
117.9
104.6
100.6
119,1
117.1
113.2
124. 4
113.1
109.5
126. 3
123.4
120. 2
121.5
111.9
111 .5
123.7
119.3
115.4
122.8
120. 1
121.8
121.0
120.2
116.8
125. 6
127.4
129.3
124.2
123. 3
120.9
127.4
125. 8
126.1
125. 5
125.1
123. 0
127.0
122. 8
117.1
123. 5
125.6
124.2
125.0
109. 4
102.6
126. 4
126. 4
124. 5
125.3
107. 7
100. 0
129. 4
125. 6
123. 7
126.3
108. 4
100.0
130.7
126.8
122.8
126.6
109.5
103. 5
132. 9
126.0
121.5
127.0
110.4
104.9
134.7
125.6
121.8
Machinery
Nonelectrical machinery
Electrical machinery
do
do
do
123. 5
119.7
128.5
129. 1
126. 7
132.2
126. 2
122.7
130.8
125.9
121.7
131.4
128.4
124.5
133.5
129.4
126.0
133.9
129.6
127.0
133. 0
130. 5
128.0
133.9
131.3
129. 4
133. 7
132.2
131.4
133.3
132. 6
131. 9
133.6
133.3
133.3
133.3
Transportation equipment
Motor vehicles and parts
Aircraft and other equipment
do
do
do
118.3
134.1
103.9
127. 0
146.1
109.5
122. 1
140. 2
105.6
123.7
141.8
107.2
124.5
143.1
107.5
130.4
153.8
109. 4
129.3
150.9
109. 6
126. 8
143.7
111. 1
128. 7
146. 5
112. 1
130.8
150.3
113.0
130.8
151.8
111. 7
130.6
151. 2
111.4
Instruments and related products
Clay, glass, and stone products
Lumber and products
Furniture and fixtures
Miscellaneous manufactures
do
do
do
do
do
123.0
111.1
106. 1
126. 8
122.2
1 30. 2
117.5
109. 0
133.1
124. 9
127.2
114.6
115.7
128.3
121.3
126.6
115.5
108.0
129.3
122.3
130. 2
115.9
108.9
132.8
125.7
131.6
117.9
106.9
133.2
125. 4
132.6
119. 7
104. 1
135.8
128.1
132. 1
118.1
110.4
135. 8
128.4
133. 0
1 18. 5
110.3
136.3
127. 4
132.5
120. 4
108. 1
135.0
126. 2
131. 9
120. 9
111.1
136.7
127. 0
132.6
122.5
112.5
137.4
126. 3
do.. do
do
do
do
119.8
115.2
118.9
102. 3
119. 7
125.1
117.1
125. 5
99.8
125. 2
123.4
124.8
122.5
115.9
114.3
116.3
122. 6
122.5
122.9
95.4
97.5
98.8
123. 4
123. 9
122.8
r
:
Revised.
p Preliminary.
The total and componc nts are a nnual to tals.
2 Italicized total for Jan. 1964 excludes stepped-up rate of Govei-nment ife insunince divi dend
payments to veterans; total disbursements of $172 million mi Itiplied >y 12 (to put on arinual
rate basis) amounted to $2.1 billion . Figures for transfer pay nents an d total n onagricu tural
125.2
116.7
124.9
99.2
125.8
126. 4
117.6
126. 2
98.9
127.8
127.2
119. 1
1 26. 9
101. 3
127.8
128. 5
108. 1
r 128.9
129. 5
128. 8
147
123
130.9
118.7
Nondurable manufactures.
Textile mill products
Apparel products
Leather and products
Paper and products
129. 1
129. 6
128. 6 r 128. 6
' 128. 9 '127.9
' 144. 4 r 143. 6
' 124. 0 r 122. 9
'127.9 r 130. 2
r
do
Durable manufactures 9
Primary metals
__
Iron and steel
Nonferrous metals and products
Fabricated metal products
Structural metal parts
r
r ]94 £
do
Seas, adj., total index (incl. utilities)
By industry groupings:
Manufacturing, total
_
r
128. 2
129.2
' 129. 2
130. 2
' 127. 9
'113.6
108. 3
r
132. 2
r
127. 7
123.1
' 128. 7 ' 129. 4
' 118. 6 ' 120. 2
'114.5 '118.1
' 139. 5 139.0
r 127. 6 r 129. 0
123.6
126.1
130.7
123
123
••134.7
135. 2
134. 0
' 133. 7 135.4
' 133. 2 135.8
134.4 ' 134. 8
137
136
137
r
132
154
112
128. 2
r
r
r
129.6
149. 2
111.1
' 127. 8
r 128. 8
130. 7
129.6
' 152. 0 150.3
r
110.8 ' 110. 4
130
128
131. 8 ' 132. 4 132.5
133
122. 6 r 125. 0 ' 126. 0 123
'112.1 r 116. 1
115. 6
137.1
137.1
137.8 "HO"""
127. 1 r 128. 1 ' 128. 6 131
r
128.6
128.1
128.9
127. 1
128.6 r 128. 9 ' 128. 9 1 29. G
120.9
122.0
120. 0
121. 8 ' 118. 8 ^119.1
119.0
127. 9
131.3 ' 131.7
129.8
132. 2
126. 5
103. 7
106.6
104. 3 ' 102. 4 100.0
103.9
128.4
128.5
126.9 ' 128. 6 '127.9
126. 7
incom e reflect ng simil ar exclu, ion are as follow -s: Tran i fer payi nents— $37.9 billion; non
agricu Itural ir come — $459.5 bil ion.
9 l L eludes d ata for it ems not shown s<3paratel>
SUKVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
May 10C4
1964
1963
1963 v
Monthly
average
Mar.
May
Apr.
1 June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.* 1
GENERAL BUSINESS INDICATORS—Continued
!
INDUSTRIAL PRODUCTION— Continued
Federal Reserve Jndex of Quantity Output— Con.
Seasonally adjusted indexes— Continued
By industry groupings— Continued
Nondurable manufactures— Continued
Printing and publishing
1957-59 = 100. . 114.6
108. 5
136. 1
Chemicals and products
do
147. 5
Industrial chemicals
do..
112.9
Petroleum products
..
do
116.4
108. 0
148.5
162. 5
117.1
109.7
90.8
143.6
155.2
115.5
116.5
109.7
146. 1
160.7
115.8
130. 6
113.5
113.8
111.5
112.0
138. 9
116.4
116.7
114.9
115. 1
140 .3
1 1 5. 7
116. 0
113. 9
114. 2
Minm"
do. __
Coal
do
Crude oil and natural gas . . . .
do.
Crude oil
do
Metnl rnininsr
- - - - do_
Stone and earth minerals
do
105 0
95 3
105 5
105 1
112.6
107 S
102 4
107.9
108 2
112 3
112. 1
Utilities
Electric
Gas
Rubber and plastics products
Foods ?nd beverages
_
Food manufactures
Tobacco products
do
-do _
do
- - - -
do
I
i
118. 4
111.4
147.8
161.9
116.9
118.6
112. 5
148.5
162.2
118.2
118.4
111.6
151.3
165. 2
119.5
118.5
151.7
165. 3
117,6
118.6
113.7
152. 6
166.8
117.0
117. 9 !
111.9
153.9
169. 1
119. 0
118.5
113.2
154.6
169. 7
118.5
121.5
119.2
153.9
169.9
116.6
119.0
113.9
' 153. 2
170.5
116.0
138.8
114.8
115.2
112.7
112.7
140. 7
116.2
116.4
115.2
118. 1
137.0
116.3
116.4
115.6
114.4
136. 5
110.8
116.8
116.7
117.9
143. 1
117.5
117.5
117.7
116.8
142. 5
116.5
117.5
110.9
116.8
142.1
118.5
118.8
117.0
114.1
147.9
117.4
118.0
114.5
114.6
145.7
118.6
119.2
115.7
115.8
145.7
141. 1
'119.9 ' 120. 4
' 120. 6 '119.7
115.9
124.3
112.7
105.6
105.4
93 9
105.9
104. 9
115. 7
110 2
107.4
10u.8
107.2
107.3
114 5
113.4
108.
104.
108.
109.
116.
110.
5
5
3
5
4
1
109. 4
107. 1
108. 9
110. 1
112.8
113.2
111.3
107. 1
111.9
113.0
110.3
113.5
111.3
108. 0
111.8
112.7
II 0 . 8
110.7
110.3
106.2
110.6
110.6
113.4
111.9
109. 1
104. 1
109. 1
109. 6
109. 8
115.5
107. 5
102. 1
108.0
108. 9
106. 4
113.2
106.6
103.4
105.7
105.7
111.6
113.5
' 108. 3
104.0
' 107. 2
' 106. 8
1 16. 4
116.2
' 108. 1 ' 107. 2
99.2
' 94. 5
' 107. 9 107. 1
' 107. 0 ' 105. 5
'118.8
121.8
' 114. 0 115.3
108. 5
99
108
108
135.7
130.8
144.6
147. 3
137 0
142.8
H4.7
137.9
143.9
145. 7
144. 5
146. 2
143.3
147.0
144.9
148.8
' 143. 6 '144.0
146. 8
145. 0
' 127. 9 ' 1 2«. 2
128. 5 ' 128.5 - 128. 3
' 1 39. 1 ' 140. 8 '139.5
129. 1
129.0
142
!
121. 1
115.1
' 153. 8
171.8
'119.1
121.3
115 9
155. 3
122
120.0
119.0
-
do
___..do.
do
131.3
133 1
125 9
140. 7
142 5
135 2
136.4
138.1
130 h
i0.: 9
139. 1
140.9
133. 7
141.3
143.5
135.2
145. 3
148.3
136. 0
Consumer goods
\utomotive and home goods
do.
do.
119.7
119 7
125 9
124 S
125 1
134 3
129 4
123.1
131.0
122.5
131 3
123 5
124. 1
133. 1
125.9 ;
136.9 ;
126.4
134.6
1-6. 7
133. 2
126.7
134. 7
127 9
12s. 0
137.7
1'>S 0
12S. 2
139.5
128.4
128.2
139.4
\utomotive products
do
Autos
do...
Auto parts and allied products.. .do
131.1
135 9
124 9
141 1
149 5
130 1
136 3
141 t
129 1
137.1.
141.9
1 i2 .0
137 1
141 3
127 7
ir> 3
IV) 9
U6 1
141.1
153. 1
125.3
134. 8
139. 6
128. 5
13S 0
141 2
U9. 8
156.8
133.6
149.1
160.6
134. 0
147.6
157.0
135 .3
1 46. 4
154. 6
135.5
1 46. 5
15s. 0
' 131. 5
Home goods 0
\ppliances, TV, and radios
Furniture and runs
122.2
US 2
)23 9 '
129 4
124 7
131 3
127.3
123.2
127.4
126 9
123 0
127 0
Us 0
130 7
131 0
129.1
132 S
130. 1
126.0
133.8
132.0
130.2
133. 6
132. 3
130. 4
131. (i
131.3
126.6
133. 2
132. 8
l'>9. 4
134. 1
133.6
128.1
134.3
- 134. 0
127. 5
r
135. 1
' 136. 7
' 130. 9
' 135. 8
117.7 i 122.2
114.5 i 117.5
118.7 ! 123.6
116.5
113.7
1 20 . 5
116.2
121 8
115. 2
119.8
121.3
115.3 ! 115.5
121 0
199 9
114.9
115.9
122.4
117.4 |
123 S
118.7
124. 6
119.2
126 1
117.9
124. 1
119.7
r>5 4
1 1 7. 9
124.9
121.8
125 7
118. 1
124. 6
121.9
125. 3
117.8
124.6
120 5
125.8
119.0
125. 1
121.2
126. 9
120. 1
111.7
129. 9
116.7
126. 1
115. C
140. 0
117.8
134.4
114.0
137. 7
1 1 5. 3
131.4
112.7
137.1
118.3
128.7
116.2
138. 7
119 3
132. 0
115.2
139. 7
119.3
136.1
117.1
143. 8
119.1
13S 2
117.4
144.0
r>o. 2
138. 4
112.9
144. 8
118.2
137. 6
116.0
144.0
117.6
138.0
114.5
143. 8
117.2
137.9
115.7
143.4
120.9
135 . 7
114.8
'142.2
120.3
136.9
118.0
' 140. 1
r
123. 4
135. 0
Equipment, including defense 9
do
Business equipment
do
Industrial equipment
do
Commercial equipment
do
Freight and passenger equipment. _do
Farm equipment
do
119.6
122.1
117.2
143. 1
117.2
107.7
124. 2
128. 3
122.9
142. 4
132. 1
121.6
1 20. 7
12 4 . 9
119. 2
143.8
126.3
119.7
120. 4
124. 3
119.2
143.3
126.0
115.2
122. 1
125. 9
1 20. 9
143.4
124.8
112.2
123.8
127. 8
122 8
142.2
128.1
J22.0
121. S
129.0
123.6
142.4
135. 3
116. 6
125.3
130.1
124 9
111.5
134.6
1 18. 8
126. 2
131.0
125. 6
141. 6
140.7
122.0
127.7
132. 0
126.6
141.2
140. 6
130. 7
127. 6
132.1
127.4
139. 0
139. 7
131. 9
128.8
133.2
128.6
140.2
137.2
129.1
128. 0
132.4
128. 9
141. 6
'135.6
133.5
126. 7 ' 127. 8
'131.3
133. 2
' 128. 2 131.7
' 1 40. 4
140.8
137.5
134. 1
' 127. 9
Durable wods materials 9
Consumer durable
Equipment
Construction
do
..do
do
do
117.0
114.1
127.5
118.9
110. 4
123. 6
121. 1
137.2
125.4
116.3
120 2
118.0
134.0
122.2
112.4
122 9
121.2
135.4
123.1
115.1
125.7
124. 5
139. 4
125.1
116.7
126. 6
125. 8
145.9
128.0
118.0
126. 7
125. 2
142.7
126. 4
119.4
125. 1
121.9
136. 6
126 3
119.2
125. 0
122. 1
137. 8
128.4
119. C
125.5
122. 5
138.0
128.3
119.3
125.8
122. 5
138.4
125. 9
119.0
125.4
122.2
140.2
127 9
117.8
' 126. 2
' 122. 5
140.2
128. 2
' 118.2
'
'
'
'
'
127. 7 ' 128. 2 1
125. 1 ' 126. 4 !
141. 5 i 1 42. 5
198. 4i 1^9 5
121.4
191 5
do
do
do
_ _ do_
120. 0
116.5
117. 1
116.3
126. 2
120. 1
120. 3
120. 1
122.6
117.8
121.5
115.9
124.7
119.0
116.1
120.4
126.9
121.6
120.3
122. 2
127.3
121. 6
121.1
121.8
128.3
119.8
119.9
119.8
128.4
121 7
119.7
122. 7
128.0
121.2
118.2
122.7
128. 6
121.5
122. 6
121.0
129.1 i
122.8 !
123.9
122.3
128.7
122.6
121.3
123.2
' 130. 0 '
' 124. 4 '
' 125. 1 '
124.0 '
130. 3 i ' 129. 8 1
124. 5 123.6
125. 2 123. 7
124. 1
123. 6
131
111.7
117.2
Business fuel and power 9
do
104. 9
109. 3
Mineral fuels
do
129.9
138.8
Nonresidential utilities
. _ do.
BUSINESS SALES AND INVENTORIES §
]
rl
Mfg. and trade sales (seas, adj.), totalt t
mil. $_. 65,078 ' 68, 002
113.3
105.1
134.7
115.6
108.0
135.9
117.9
110.5
138.3
118.8
111.5
138.7
121.2
114.0
141. 9
120. 4
113.8
140. 4
119.1
112.1
139.4
118.7
110.5
141.2
118.6
109. 9 !
141.9 •
117.5
108 .0
142.0
' 118. 5
' 109. 1
143.0
118.1
117.0 1
' 108. 2 ' 106. 3 !
143.8
119
109
By market groupings:
__do__
...do. .
do
Apparel and staples
do..
Apparel, incl. knit goods and shoes.do
Processed foods
do
Beverages and tobacco
. do.
Drugs soap, and toiletries
__do
Newspapers maga7ines books do
Consumer fuel and lighting
do
Nondurable materials 9
Business supplies
Containers
General business supplies
-~
_
Manufacturing, totalt
Durable goods industries
Nondurable goods industries
Retail trade, total t
Durable goods stores
Nondurable goods stores
Durable goods establishments
Nondurable goods establishmentsd71
..do.
do
do
do
do
do
do
do
33. 308
17. 184
16. 124
34. 774
18, 071
16, 704
r
195 Q
116.1
116.3
34. 578
17, 892
16, 686
34. 836
18.112
16. 724
34. 942
18.242
16, 700
19. 613 20. 536 20, 350 20. 276 20. 200 20, 486
6, 245
6,675
6. 512
6.646
6. 576
6. 630
13, 367 13, 861 13, 774 13, 630 13, 688 13, 856
' 12, 158 ' 12, 692 '12 472 ' 12. 598 '12.509 r l ° 555
5. 021
5, 244 ' 5, 141 ' 5. 199 ' 5, 184 ' 5. 228
' 7, 136 '7,448 ' 7, 331 ' 7. 399 ' 7, 325 '7.327
35,641
18. 746
16. 895
34, 736
18, 160
16, 576
34, 672
17. 937
16. 735
35, 214
18, 590
16, 624
35, 004 ; 36,021
18, 272 i 18,476
16, 732 17,545
149
160
132. 1
136.5
1 28. 9
137. 7
' 1 24. 6 '124.4
!'>() 7
' 125. 7 ; ' r>n •>
' 119.1
118.8
67, 066 '67,452 '67,545 '67,983 '69.244 ' 68, 250 ' 68, 029 ' 68, 884 ' 68. 338 |'70. 026 ' 70, 992 ' 71,056
34, 244
17, 622
16 62?
'143.7
125
126
140.8
129. 3
135
129. 3
128
70, 960
36,677 ' 36,278
19,144 ' 19,070
17, 533 ' 17,208
36, 372
18, 978 i
17, 394
i
20. 719 20. 666 20. 426 20,716 20, 558 21,019 21,000 '21,533 21, 305 1
6,855 ' 7 962 6, 973
6.773
6,562
6. 606
6.941
6, 734 ! 6, 831
13. 946 14. 104 13, 820 13,775 13, 824 ! 14,188 14,145 ' 14,271 14, 332
'12 884 ' 12. 848 '12,931 i'19 954 '12 776 I' 12, 986 '13,315 ' 13,245 13, 283
' 5, 278 ' 5, 297 ' 5, 354 ' 5, 323 ' 5. 300! ' 5. 348 ' 5, 436 ' 5, 548! 5, 599
' 7, 606 ' 7. 551 ' 7, 577 ' 7. 631 ' 7, 476J ' 7. 638 ' 7, 879 ' 7, 696I 7, 683
Mfg. and trade inventories, book value, end of year
or month (seas adj ), totalt
mil.$ '100.271 ' 104, 435 ' 100, 821 '101,151 '101,324 '101,693 ' 102, 134 ' 102, 205 ' 102. 535'103.167 ' 103. 92f 1' 104, 435 ' 104, 856 '104,799 104,910
Manufacturing, totalt
Durable goods industries
Nondurable goods industries
do
do
do
57. 753
34. 326
23. 427
60, 147
36, 028
24,119
58. 126
34. 593
23. 533
58. 309
34. 787
23. 522
58, 507
34. 962
23. 545
58. 706
35, 156
23. 550
58. 884
35. 346
23. 538
58, 917
35,507
23, 410
59, 087
35, 536
23. 551
59, 322
35, 581
23,741
59. 780 60,147
35, 704 i 36.028
24. 076 1 24,119
59, 991 '60,108 i 60,233 i
35, 955 ' 35,945 1 36, 032
24, 036 '24,163 | 24,201
27, 938 28, 691 28, 066 28, 061 28. 062 28. 124 28. 259 28, 148 28, 147 28, 357 28,651 1 28,691 '29,047 ' 28,972 29,023 i
Retail trade totalt
do
11, 728 11,965 11,724 11,622 11. 584 11.614 11.673 i 11,604 \ 11,605 11,664 11,856 i 11.965 12,109 r 12,103 12, 275 III"""
Durable goods stores _
do
16.210 16. 726 16, 342 16. 439 16. 478 16.510 16. 586 • 16.544 16, 542 16. 693 16. 795 i 16,726 '16,938 ' 16,869 16, 748
Nondurable goods stores
do
' 14, 580 ' 15. 597 '14. 629 '14,781 ' 14, 755 ' 14, 863 ' 14, 991 M5, 140 ' 15, 301 '15,488 '15,495 i' 15, 597 ' 15, 818 ' 15,719 15, 654
Merchant wholesalers, totalt c?
do
Durable goods establishments
__ do. . ' 8, 108 '8,447 '8,131 ' 8. 202 ' 8, 206 ' 8, 276 ' 8. 255 '8,321 '8,387 '8.430 1 '8,430 ! '8,447 ' 8, 569 ' 8, 559 8.475
'6.472 ' 7. 150 ' 6. 498 ' 6. 579 ' 6. 549 ' 6. 587 ' 6. 736 ' 6. 819 '6,914 ' 7, 058 1 ' 7, 065 1 ' 7. 150 f 7, 249 ' 7. 159
Nondurable goods establishmentsrf
-do
7.179
'Revised.
P Preliminary.
* Total and components are based on unadjusted data.
detailed description of the changes affecting these series and data for earlier periods, see
9 Includes data for items not shown separately.
pp. 16-19 of the Dec. 1963 SURVEY .
cf Total manufacturing and trade sales and inventories
§ The term "business" here includes only manufacturing and trade. Business invenand merchant wholesalers' sales and inventories have been expanded to cover all merchant
tories
as
shown
on
p.
S-l
cover
data
for
all
types
of
producers,
both
farm
and
nonfarm.
wholesalers,
including
wholesalers
of
farm
product raw materials; also, seasonally adjusted
Digitized forUnadjusted
FRASER data for manufacturing are shown on p. S-5; those for retail trade on p. S-ll.
data beginning Jan. 1960 for merchant wholesalers' sales and inventories revised to reflect
JSee note marked "t" on p. S-4 of the Nov. 1963 Survey.
tRevised series. For a
http://fraser.stlouisfed.org/
new seasonal and trading day factors. Revisions for earlier periods appear on p. 24 of this
issue of the S U R V E Y .
Federal Reserve Bank of St. Louis
SURVEY OF CURRENT BUSINESS
May 1!H>4
1962
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
Monthly
average
S-5
1964
1963
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES— Con.
Inventory-sales ratios:
Manufacturing and trade, totalj§
- ratio -
1.51
1.50
1.70
1.96
.62
.80
.54
r
r
r
r
1.47
T 1.50
1.51
1.50
1.52
1.49
1.48
' 1.47
1 48
1.68
1.93
.59
.80
.54
1.65
1.89
.58
.79
.53
1.70
1.96
.60
.80
.55
1.70
1.98
.61
.81
.56
1.68
1.91
.59
.79
.54
1.71
1.95
.60
.80
.56
1.67
1.95
.59
.80
.56
1.64
1 88
.57
77
.54
' 1.66
1 88
.57
78
.54
1.66
1 90
57
79
54
1.41
.58
.20
.62
1.41
.58
.20
.63
1.39
.58
.20
.62
1.41
.58
.20
.64
1.41
.58
.20
.63
1.43
.59
.20
.63
1.44
.59
.20
.65
1.37
.56
.20
.62
1 37
.55
20
.62
1.40
.56
20
.64
1 39
.55
20
.64
1.39
1 78
1.20
'r 1.18
1 58
r
.89
1.37
1.75
1.19
1.18
'1.58
r
.90
1.36
1.72
1.19
'1.16
r
1.56
r
.89
1.36
1.77
1.17
'1.18
' 1.57
T
.90
1.38
1.76
1.20
1.18
' r1.57
.91
1.37
1.68
1.21
'1.20
1.59
' .92
1.39
1.76
1.21
'1.21
' 1.59
' .94
1.37
1.75
1.18
'1.20
'1.58
' .94
1.38
1 77
'1.20
'1.19
f
l 58
'.92
1.35
1 67
' 1. 18
'1.19
' 1.54
'.93
1.36
1 76
1 17
1. 18
1 51
.93
1.50
1.50
1.69
1.94
.60
.80
.55
1.68
1.93
.59
.81
.54
1.42
.59
20
.62
1.41
.59
.20
.62
1.38
1 78
1. 19
1.17
r
1
58
T
89
1.38
1. 75
1.21
1.50
'1.50
1.69
1.94
.59
.80
.55
1.70
1.96
.60
81
.55
1.42
.60
.20
.62
1.41
.59
.20
.63
1.38
1.82
1.18
'1.19
1.60
r
.90
1.37
1.75
1.19
'1.18
'1.58
' .90
678
728
699
693
687
592
605
682
756
689
789
do
33, 308
34, 774
35, 060
35, 436
35, 002
36, 527
32, 744
33, 761
36, 028
36. 821
35, 377
34, 594
34,110 '36,861
37, 224
Durable goods industries, total 9
do
Stone, clay, and glass products
do
Primary metals
_ _ _ _ . __do
Blast furnaces steel mills
do
Fabricated metal products _ ._ _ _
do
17,184
961
2, 835
1, 522
1,859
18, 071
947
2,944
1,586
1,877
18, 173
850
3, 069
1, 681
1,761
18, 703
975
3,197
1,797
1.905
18, 683
1. 029
3.338
1.915
1,944
19, 599
1. 069
3, 342
1,905
2.019
17, 014
999
2,727
1,543
1,785
16, 880
1,035
2. 755
1,454
1.990
18. 278
1.042
2.788
1,421
1,986
19, 180
1.089
2,928
1.484
2.054
18, 457
960
2, 852
1, 468
1,881
18,118
798
2,745
1.405
1.807
17,595 '19.251
788
'842
2,967 ' 3, 158
1,591 ' 1,715
1,777 ' 1,911
19, 564
884
3,243
1,738
1,912
Machinery except electrical
Electrical machinery
__
Transportation equipment
M^otor vehicles and parts
Instruments and related products
Nondurable "'oods industries total?
Food and kindred products
Tobacco products
Textile mill products
Paper and allied products
2 366
2. 301
4,453
2 806
557
16 124
5, 577
377
1 263
1,314
9 449
1,433
710
2,517
2,398
4,848
3,154
583
16, 704
5, 832
383
1,378
1,355
2 568
1,451
772
2 631
2,407
4,971
3 301
575
16 887
5,748
361
1 391
1, 369
1,419
793
34 244
2, 686
2. 328
5. 093
3, 401
571
16 733
5, 655
365
1,379
1, 356
9
768
1,419
814
34, 578
2. 605
2, 330
4.943
3 296
566
16 319
5 656
412
1 318
1.345
9 695
1,429
756
34, 836
2. 742
2. 585
5. 165
3,405
614
16, 928
5, 961
401
1,452
1. 388
2 632
1,478
805
34, 942
2,301
2,179
4. 679
3. 060
524
15, 730
5,637
390
1,201
1,254
2 396
1,435
712
35, 641
2.392
2, 364
3,648
1, 841
569
16. 881
5, 797
409
1,427
1.366
2, 596
1,475
736
34, 736
2.595
2, 559
4,553
2, 791
625
17, 750
6,241
385
1, 515
1,453
2 736
1, 456
799
34, 672
2,544
2,522
5,268
3.544
610
17.641
6,184
383
1,501
1,427
2, 674
1.442
856
35, 214
2,470
2,484
5,221
3 512
610
16. 920
5, 983
394
1, 456
1,359
2 509
1.424
763
35, 004
2, 577
2. 490
5,237
3.387
636
16, 476
5,913
393
1,356
1.304
2 369
1,521
784
36, 021
2, 48f. ' 2 827 2 993
2, 254 ' 2, 523 2, 565
4,940 ' 5, 306
5, 306
3,311 ' 3, 455
3 511
537
613
'599
16,515 '17,610 17,660
6, 155
5, 946 '6,171
' 339
371
333
1,470
1,315 ' 1,457
1,411
1, 302 ' 1,398
2, 573 ' 2, 743
2,818
1, 492 '1,498
1,427
'836
833
767
36, 677 '36,278 36, 372
17 622
914
2,887
1, 565
1,818
2, 445
2, 363
4,713
3. 122
570
16, 622
5, 763
380
1,374
1,333
2.573
1,439
773
17,892
941
3, 015
1,679
1, 861
2,487
2. 365
4,727
3,143
576
16, 686
5,749
379
1,389
1. 336
2, 603
1,453
788
18 112
948
3,191
1,838
1,886
2, 475
2, 430
4,682
3, 093
572
16 724
5.731
401
1,372
1,347
2. 579
1,486
748
18, 242
948
3,148
1,807
1,866
2. 497
2. 461
4,814
3. 182
582
1(;. 700
5.816
375
1,379
1,328
2,515
1,482
752
18, 746
962
3,159
1,815
1,925
2, 530
2,531
5. 056
3, 284
600
16, 895
5, 820
374
1.405
1,379
2, 611
1, 462
793
18, 160
914
2, 857
1.479
1,874
2, 565
2. 433
4,979
2, 997
588
16. 576
5, 835
393
1, 364
1.323
2, 529
1,477
737
17,937
938
2 742
1.392
1, 855
2,610
2, 370
4,897
3,155
577
16, 735
5. 916
377
1,401
1. 395
2, 578
1,451
772
18, 590
986
2, 904
1,469
1,943
2, 61 5
2. 385
5, 158
3. 362
589
16. 624
5. 870
384
1,363
1,373
2. 576
1,428
794
18, 272
977
2,892
1.512
1,913
2, 582
2, 369
4. 966
3,234
594
16. 732
5, 961
379
1,400
I, 366
2, 578
1,409
781
18. 476
953
2. 981
1.570
1.910
2. 652
2,432
4. 909
3. 123
591
17.545
6, 193
403
1,466
1.415
2.640
1,475
836
19,144
1, 018
3, 067
1, 605
1,994
2. 737
2, 479
5,117
3, 297
606
17,533
6, 247
365
1, 465
1, 368
2, 703
1, 455
815
2
2
3,324
7, 195
4 094
3, 527
2 721
13 383
3, 329
7, 157
4 209
3, 583
2, 722
13 578
3,436
7, 146
4 168
3, 520
2 748
13 818
3,478
7, 168
4, 167
3, 620
2,771
13 738
3,407
7,258
4,381
3,738
2, 844
14 013
3, 287
7,278
4, 351
3, 406
2,793
13, 621
3, 201
7, 337
4,314
3,573
2, 762
13 485
3, 207
7, 288
4,376
3,797
2.933
13,613
3 169
7,382
4 286
3, 635
2,907
13 625
3,473
7, 672
4,435
3, 538
2,811
14 092
3,388
3,519 ' 3, 395
7, 686 ' 7, 490 7,641
4, 449
4, 566 ' 4, 526
3,738
3, 710 ' 3, 728
3,010
3, 002 '3,119
14,194 '14,014 14, 146
2
1,380
2 9 096
2
3, 215
1, 362
1 962
3' 130
1, 360
2 021
3, 160
1,385
2 029
3, 184
1,414
2 034
3, 215
1,417
2 179
3,292
1, 416
2 353
3, 252
1,372
2 133
3,272
1, 368
2 167
3, 293
1, 356
2 132
3, 258
357,419 -559,738
33 891 35 565
23 528 24 173
A
57, 753 ^ 60, 147
58, 432
34 899
23 533
58, 126
58, 565
35,107
23 458
58, 309
58, 939
35, 441
23 498
58, 507
58, 997
35, 483
23, 514
58, 706
58, 568
35, 187
23, 381
58,884
58. 681
35, 301
23, 380
58,917
58, 837
35, 370
23. 467
59, 087
59, 026
35, 300
23, 726
59. 322
59, 445
35, 359
24, 086
59, 780
34 593
1 508
5,846
3 498
3 841
6 562
4 917
6,940
2 463
1.382
34 787
1,495
5, 854
3 492
3 855
6 578
4 966
7,013
2 515
1.388
34 962
1 502
5,857
3 489
3 876
6 602
4 976
7,102
2 560
1. 396
35,156 35, 346 35. 507 35 536 35, 581 35, 704 36, 028 35,955 '35,945 36, 032
1,539
1,539 ' 1, 535
1, 535
1,544
1,506
1,535
1,551
1,517
1,491
5,936
5,908 ' 5, 914
5, 873
5,861
5,831
5, 828
5,903
5.918
5,849
3,511
3,518
3, 519
3, 532
3,459
3, 455
3, 500
3,533
3,494
3,496
3, 982
3,971 ' 3, 965
3,933
3,913
3,917
3,999
3,927
3,879
3,889
6, 926 ' 6, 869
6, 896
6 759
6, 839
6,910
6 627
6 712
6 763
6 800
5, 073 ' 5, 088 5, 036
5,055
5, 009
5,043
5,066
4,997
4 968
4 970
7,272
'7,359
7,415
7,331
7,311
7,256
7,220
7,378
7,370
7,237
9
2,614 ' 2, 663 2,697
2,595
2 731
2, 610
2 667
2 669
595 2 636
1,503
1.480 '1,477
1.452
1.405
1.416
1.434
1.446
1.454
1.468
sign, refinement of industry reporting, expansion of industry groups published, and revision of
seasonal factors. In addition, data by market groupings are presented for the first time. Data
for shipments and new orders not seasonally adjusted are adjusted for trading day variation.
Revisions back to 1947 and a detailed description of the current revision appear in the Census
Bureau publication, "Manufacturers' Shipments, Inventories, and Orders: 1947-63 Revised."
9 Includes data for items not shown separately.
Manufacturing, total§ __
Durable goods industries
Purchased materials
Goods in process
Finished goods
_. _ - do
do
do_ -_
do
do
Nondurable goods industries
Purchased materials
Goods in process
Finished goods
do
do
do
do
Retail trade, totalj§
do-_.
Durable goods stores
do
Nondurable goods stores
-- do
Merchant wholesalers, total§d"_-- do _ _ _
Durable goods establishments
do
Nondurable goods establishments d*
do -_
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Manufacturers' export sales:*
Durable goods industries (unadj ) total mil $
Shipments (not seas adj.), totalf
do
do .
do
do
do do
_ _ do
do
do
do
Petroleum and coal products
Rubber and pla c tics products
Shipments (seas adj ) totalt
By industry group:
Durable goods industries total 9
Stone clay and glass products
Primary metals
Blast furnace^ steel mills
Fabricated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment
M~otor vehicles and parts
Instruments and related products
Nondurable goods industries total 9
Food and kindred products
Tobacco prod nets
Textile mill products
Paper and allied products
Chemical sand allied products
Pctroleirm and coal products
Rubber and plastics products
By market category:
Homo soods and apparel
Consumer staples
Equipment and defense prod excl auto
Automotive equipment
Construction materials and supplies
Other materials and supplies
Supplementary market categories:
Consumer durables
Defense products
Machinery and equipment
Inventories, end of year or month:f
Book value (unadjusted), total
Durable goods industries total
Nondurable goods industries total
Book value (seasonally adjusted), total
By industry group:
Durable goods industries total 9
Stone clay and glass products
Primary metals
Blast furnaces steel mills
Fabricated metal products
Machinery except electrical
Electrical machinery
Transportation equipment _ _ __
M^otor vehicles and parts
Tnstrnrnp.nt.s and related rirodnets
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
dodo
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do _ _
do
do
2
2
2
2
2
3, 296
7, 002
4 167
3, 140
2 770
2
12 932
2
2
2
1,336
2 091
3, 095
34 326
1 492
5 873
3 528
3 861
6 486
4 900
6,799
2 413
1. 365
3 313
7 258
2 4 249
2
3, 571
2
2 796
2
13 594
36 028
1 544
5 918
3 533
3 999
6 910
5 055
7,331
2 610
1.468
9 C97
r
r
1.17
1 58
.89
r
2
Revised.
1 Advance estimate.
Based on data not seasonally adjusted.
s Total
and components a re end-of-year data, t See note marked"! "on p. S-4 of Nov. 1963 SURVEY.
§ See note marked "f" on p. S-4.
cf See corresponding note on p. S-4.
*New series. Represents estimated total value of durable goods products directly exported by durable goods manufacturers; data prior to Oct. 1962 are not available. jRevised
series. Effective with the Dec. 1963 SURVEY, data reflect the following major changes: Introduction of the Annual Survey of Manufactures as the new benchmark, revision of sample de-
683
r
' 716
'19,070
'999
' 3, 034
' 1, 649
'2,011
'2,717
' 2, 463
' 5, 075
' 3, 331
' 593
' 17, 208
' 6, 049
'353
' 1,405
'1,362
' 2, 735
' 1,474
'836
776
18, 978
952
3,051
1,617
1, 973
2, 723
2,515
5,038
3,333
608
17,394
6, 165
390
1,453
1,371
2, 760
1,451
811
1,454
169
3,362
1,469
2 231
3,428
'1,468
' 2, 181
'3,387
1,483
2, 088
3,441
59, 738
35, 565
24.173
60, 147
60,094
35,875
24,219
59,991
'60,486
'36, 173
'24,313
' 60, 108
60, 567
36, 346
24, 221
60, 233
9
.
SUKVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through 1962 .
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1963
1963
End of
year
Mav UH-,4
Mar.
Apr.
May
,i
June
July
1964
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
10, 878 10, 880
2,251 2,256
2,954 2,992
1,989
1,960
14, 639 14, 648
1,845
1,882
5,288 5,260
4,386 4, 363
10, 064 10, 176
1,765
1,765
3,601 3,653
881
897
23, 741 24, 076
6, 057
6, 060
2,317
2,345
2,800 2,895
1 , 757 1,772
3,734 3,769
1.788
1,795
1.159
1,167
10, 879
2,259
3,009
1,956
14, 857
1,901
5,249
4,467
10, 292
1,758
3,707
908
24,119
6,028
2,314
2. 886
1.800
3,818
1,736
1.157
10,821
2,233
2,989
1,958
14,828
1,895
5,305
4,402
10, 306
1,780
3,705
912
24, 036
6,052
2, 357
2,846
1,792
3,872
1,775
1,125
Feb.
Mar.
Apr.
GENERAL BUSINESS INDICATORS— Continued
MANUFACTURERS'SALES,INVENTORIES,
AND ORDERS— Continued
Inventories, end of year or month— Continuedt
Book value (seasonally adjusted)— Continued
By industry group — Continued
Durable goods industries— Continued
By stage of fabrication:
10, 571
Materials and supplies 9
mil. $
2,333
Primary metals
do
2,968
Machinery (elec. and nonelec.).._do
1,782
Transportation equipment
do
14,129
Work in process 9
-do
1,816
Primary metals
do
5,034
Machinery (elec. and nonelec.)-__do
4,142
Transportation equipment
do
9,593
Finished goods 9
do
1,721
Primary metals
do
3,381
Machinery (elec. and nonelec.)-._do
824
Transportation equipment
do. ._
23, 427
Nondurable goods industries, total 9 -.-do
6,080
Food and kindred products..
do
2, 391
Tobacco products
do
Textile mill products
do_ . 2.608
1,688
Paper and allied products
do
3,600
Chemicals and allied products
do
1,809
Petroleum and coal products ._ do
1.138
Rubber and plastics products
do...
By stage of fabrication:
9,770
Materials and supplies.
__do
3, 304
Work in process
do
10,246
Finished goods..
do
By market category:
5,955
Home goods and'apparel
do
9, 515
Consumer staples
do
11,828
Equip, and defense prod., excl. auto do
3,001
Automotive equipment
do
5,042
Construction materials and supplies
do
22, 412
Other materials and supplies
do
Supplementary market categories:
2,722
Consumer durables.. . _
do.
5,343
Defense products
do.
8,098
Machinerv and equipment __
..do._
'33,167
New orders, net (not seas, adj.), totalt
do
17,085
Durable goods industries total
do
16,082
Nondurable goods industries total
do
3
33, 167
New orders, net (seas, adj.), totalt
.
do
By industry group:
17,085
Durable goods industries total 9
do
2,718
Primarv metals
do
1,400
Blast furnaces, steel mills
do
1,848
Fabricated metal products
do
2,364
Machinery, except electrical
do
2,285
Electrical machinerv
do
4,484
Transportation equipment
do
1,342
Aircraft and parts
do
16,082
Nondurable goods industries total
do
4,124
Industries with unfilled orders©
do
11,957
Industries without unfilled ordersf
do
By market category:
3,273
Home goods and apparel
do
7, 000
Consumer staples
do
4, 155
Equip, and defense prod., excl. auto
do
3, 162
•\utomotive equipment
do
2, 767
Construction materials and supplies
do
12, 809
Other materials and supplies
do
Supplementary market categories:
1,325
Consumer durables
do
2,081
Defense products
do
3,090
Machinery and equipment
. do
Unfilled orders, end of year or month (unadjusted),
46,242
totalt
mil £
10,810 10,981 10,917
2,198 2,203 2,232
3,083 3,089 3,001
2,012
1,873
1,990
14, 740 14,591 14, 579
1,852
1,808
1,818
5,232 5,223 5,172
4, 566
4,414
4,468
P,852 9, 949 10,040
1,742
1,779
1,765
3,512 3,575 3.587
869
859
898
23, 538 23,410 23,551
5,971'
6,000
5,917
2,362 2, 341 2, 339
2, 6£0
2,689 2, 668
1,728
1,725
1,743
3, 694 3, 718
3,722
1,835 1,852 1,830
1,164 1, 155
1,173
10, 879
2,259
3,009
1,956
14,857
1,901
5,249
4,467
10, 292
1,758
3,707
908
24,119
6,028
2,314
2,886
1,800
3,818
1,736
1, 157
10. 558 10, 646 10.679 10. 766
2,279 2,247 2,220
2,212
2,955 2,978 2,999 3,028
1,922
1,902
1,867
1,943
14,213 14, 349 14, 602 14, 629
1,834
1,863
1,873
1,877
5,169
5,137
5,199
5,206
4,154 4,391 4,422
4,106
9,752 9,758 9,805 f',847
1,721
1,716
1,734
1,749
3,444 3.466 3,492 3,510
833
823
839
847
23, 533 23,522 23, 545 23,550
5,987 5,961 5,952
6, 029
2,437 2,428 2,404 2,389
2,647 2,667 2,661
2,627
1,701
1,698
1,697
1,711
3,630 3,621 3,648 3,667
1,819
1,813
1,834
1,816
1.169
1,145
1,167
1,126
9,769
3,479
10, 871
9 , 837
3,380
10, 284
9,805
3,389
10,300
9,726
3, 389
10, 320
9,679
3,328
10,452
9,718
3,354
10, 559
9,694
3,364
10,648
9,660
3,347
10, 544
9,844
3,344
10, 553
9,826
3, 428
10, 822
9, 769
3,479
10.871
9,666 - 9, 661
3,452 - 3, 403
10,918 11, 099
9.626
3,476
11,099
6, 389
9, 525
12, 363
3, 245
5,290
23, 335
6, 006
9,550
11,941
3, 083
5, 058
22, 488
6, 047
9, 524
11, 961
3,133
5, 042
22, 602
6,084
9, 501
11,976
3,178
5, 073
22, 695
6, 083
9, 470
12, 042
3,221
5,072
22, 818
6,005
9,525
12, 149
3,248
5, 076
22, 881
6,040
9, 438
12, 172
3,331
5, 146
22, 790
6,149
9,447
12, 249
3, 268
5. 099
22, 875
6,179
9,502
12, 189
3,258
5,135
23, 059
6, 321
9,571
12, 277
3,200
5, 189
23, 222
6.389
9,525
12, 363
3,245
5,290
23, 335
6,242
9, 597
12,303
3,241
5,311
23, 297
- 6, 231
- 9, 730
12, 288
- 3, 299
- 5, 296
23, 264
6,184
9.765
12.303
3,338
5,307
23, 336
2,955
5, 583
8,539
35, 036
18, 300
16, 736
35, 036
2, 726
2, 769
5, 445
5, 41)3
8, 195
8,211
36,369 36, 019
19,497 19,182
16,872 16, 837
35, 364 35, 752
2, 938 - 2. 931
5, 466 - 5, 465
8,558 - 8, 524
35, 010 37, 581
18, 558 19, 969
16,452 17, 612
37, 148 36, 696
2.900
5, 463
8.559
37, 679
20. 044
17, 635
36, 722
18, 300
2,959
1 592
1,886
2. 574
2,410
4, 970
1,398
16, 736
4,411
12, 325
18,776
3,357
1,980
1,831
2, 505
2,387
5,313
1,670
16, 588
4,237
12, 351
19,037
3,805
2,410
1,921
2, 581
2, 421
4,772
1,175
16,715
4, 309
12,406
IS, 736
3,153
1,829
1,893
2,618
2,435
5,163
1,628
16, 702
4,260
12, 442
17,682
2,650
1,277
1,950
2,524
2,437
4, 698
1,151
16.743
4,301
12,442
18,275 18,060 18. 244
2, 605 2,486
2,712
1,262
1, 198
1.371
1,950
1,875
1,808
2, 608 2, 529 2,608
2,568 2, 263
2,414
5, 005
5,246
5,430
1,484
1,678
1,754
16,932 16,870 16,747
4,560 4, 490 4, 495
12,372 12,380 12,252
18,622
3.013
1, 590
1,910
2, 669
2, 410
5,094
1,272
16, 732
4, 528
12, 204
18,113 17,974 19,740 -19,538
2,964 2,938 3,147 - 3, 074
1,641 - 1, 685
1, 529 1,456
2,043 - 2, 018
1,914
1,858
- 2, 802
2,808
2,
741
2,617
2,463 2,687 - 2, 574
2, 477
5,433
- 5, 179
4,680 4. 327
1,730 - 1,537
801
1.189
16, 840 17,645 17,408 -17,158
4,635 4,835 4,531 r - 4, 486
12, 205 12, 810 12,877 12, 672
19, 360
3.118
1,679
2,0059
9 SO
2,534
5, 224
1,466
17, 362
4.577
12, 785
3.339
7,257
4, 368
3,578
2, 803
13, 691
3,335
7,182
4,712
3, 661
2, 667
13, 807
3,490
7, 149
4,310
3, 587
2,783
14. 433
3, 456
7, 145
4, 509
3,481
2, 795
14, 052
3. 502
7,174
4,204
3,487
2,828
13, 230
3,438
7,263
4,304
3, 646
2, 919
13, 637
3,581
7,277
4, 592
3,484
2, 917
13, 079
3,177
7,334
4,424
3, 553
2,712
13, 791
3,199
7, 298
4, 069
3,806
2, 938
14,044
3,136
7,371
4, 289
3,611
2, 807
13,739
3,503
7,682
4. 133
3, 475
2,723
14, 103
1,404
2, 156
3, 326
1,378
2,424
3,217
1,492
1,971
3, 351
1.435
2. 397
3, 416
1.434
1,899
3,292
1, 416
2, 397
3,334
1. 426
2, 357
3,307
1,312
2,466
3,415
1,379
1,922
3,441
1,387
1,968
3,273
49, 149
49,876
50, 190
50, 524
49, 836
49,916
49, 945
50, 131
49, 902
49, 696
2,792
2,804
5, 519
5, 552
8. 213
8, 245
35,289 35,833
18,845 18,867
16,444 16,966
35, 438 34. 425
2.797
2,855
2,923 2, 923 2, 955
2, 865
5, 496
5, 647
5, 490
5,571
5, 502
5, 583
8,365
8,317
8,343 8,395 8,485 8, 539
32, 829 33, 779 36,217 36, 601 35, 174 34. 045
17,089 16,946 18,502 18, 883 18, 140 17,623
15,740 16,833 17,715 17,718 17, 034 16, 422
35,207 34, 930 34,991 35, 354 34, 953 35, 619
3,444
7,700
4,991
3, 728
2, 967
14,318
10, 786 10, 808
- 2, 232
2,244
- 2, 992
2,976
- 1, 952
1,965
14, 875 14, 980
- 1,898
1,912
- 5, 251
5,251
- 4, 499
4,534
10,284 10, 244
- 1, 784
1,780
- 3, 714
3,705
-908
916
24, 163 24, 201
- 6, 136
6,181
- 2, 374
2.344
- 2, 839
2.822
- 1, 792
1,798
- 3, 894
3,909
- 1, 786
1,787
' 1,127 \ 1,131
r
3. 455
- 7, 495
- 4, 646
-3,714
-3.113
-14,273
3.445
7, 628
4,473
3.821
3.002
14.353
1,514
1,476
3,612
1,420 -1,520
2,673 - 2, 401
3,617 - 3, 452
1.507
2, 198
3.491
49. 149
50, 049 -50,760
51,214
43, 666 46, 193 47,241 47,452 47,655 46,929 47, 004 47,086 47,306 46. 999 46, 684 46, 193 47,154 -47,863 48, 341
Durable goods industries, total
do
2,859 2,825 2,903 3,012 2, 956
2,895 - 2, 897 2,873
2,576 2,956
2,635 2,738 2,869 2,907 2,912
Nondur. goods indust. with unfilled orders(B-do
Unfilled orders, end of year or month (seasonally
adjusted) totalt
mil $ 46, 784 49, 796 49,353 50, 246 50,565 50, 052 49, 542 49, 552 49, 982 50, 140 50, 132 49, 796 50, 083 -50,586 50, 711
By industry group:
44, 094 46, 676 46, 681 47, 530 47, 864 47, 285 46,745 46. 625 47, 070 47, 169 47,076 46, 676 47, 072 -47,644 47. 803
Durable goods industries total 9
do
3,822 3,859 3,930
4,383 5,126
5,099 4,737 4,220 3,862
3,761 3,930
3,930 4,022 -4,169 4,078
Primary metals
do
2,057 2, 120 2,624 3, 329 3,318 2,960 2,417 2,150 2,102 2,172 2,193 2,120 2,168 - 2, 281 2,206
Blast furnaces, steel mills
do
3,944 4,062 4,083 4,132 4,137 4,204 4,180 4, 191 4,124 4,104
4,081 - 4, 099 4,180
4,059 4,062
Fabricated metal products
do
7,173
6, 304 7,027
7,069 - 7, 072
6,518
6,560 6,651 6,628 6,711 6,764
6,780 6,884 6,933 7,027
Machinery except electrical
do
7,062 7,058 7,111 7,114 7,153 - 7, 337 7,360
6,964 7,114
7,000 7,040 7,052 7,053 6,991 7,122
Electrical machinery
do
-19,805
19.
856
18, 062 19, 368 19,461 19,448 19, 693 19,507 19, 430 19, 481 19, 998 20, 060 19,869 19, 368 19, 724
Transportation equipment
do
13, 570 14, 446 14,836 14, 778 14, 979 14,913 14,880 14,819 15,199 15, 189 14, 985 14, 446 14, 723 -14,919 15, 036
Aircraft and parts
do
2,971 3,056
3,011 -2,942
2,908
2,672 2,716
2,767 2,797 2,857 2,912
2,690 3, 120
2,701
3, 120
Nondur. goods indust. with unfilled orders©.do
By market category:
1,924
1,989
1,736 1,987
1,864
1,903
1,926
1,955
1,987
1,977
2,060
1,945
1,908 -1,994
1,987
Home goods apparel consumer staples do
24, 713 26, 197 26, 397 26, 401 26, 503 26, 248 26, 075 26, 484 26, 664 26, 483 26, 502 26, 197 26, 534 -26,598 26, 529
Equip, and defense prod., incl. auto
do
4,942 5,027
4,952 -4,967
5,133
5,116
5,111
5,019
4,893 4,906 4,916
4,868 4,986
5,017
4,986
Construction materials and supplies
do
15, 467 16, 626 16, 199 17, 036 17, 220 16, 938 16, 485 15, 948 16, 213 16, 569 16, 668 16, 626 16, 689 -17,027 17, 103
Other materials and supplies
do
Supplementary market categories:
1,262
1,312
1,325
1,434
1,249
1,315
1,254
1,313
1,194
1,318
1,352
1,338 -1,408
1,407
1,407
Consumer durables
do
18, 148 18, 724 19, 530 19, 441 19, 597 19,419 19, 347 19, 399 19, 746 19, 625 19,429 18, 724 19, 062 - 19, 365 19, 387
Defense products
do
10,
482
10,
549
11,441
9,828
10,
153
10,
304
10,
488
10,
650
10,
754
-11,348
11,186
10,
928
11,326
10,
931
11,186
Machinery and equipment
do_
l
2
3 D ata for t otal anc com- Revised.
Monthly average.
Advance estimate}.
and Eminting a nd pubh shing in lustries; unfilled (orders foi other n(mdurabl e goods i ndustries
t For thes e indust ries (fooc . and ki ndred pr oducts, tobacco products apparel
ponents (incl. market categories) are monthly averag es based on new o rders no t seasona llyadare z ero.
andr elated pr oducts, p etroleun i and coa 1 products, chemi 3als and Etllied pro ducts, ar d rubber
justed.
tSee corresponding note on p. S-5.
91ncludes data for terns no t shown sepaand r)lastics p roducts) sales are consider ed equal to new o rders.
©Includes textile mill products, leather a nd prod acts, pap er and a Hied pro ducts,
Digitized forrately.
FRASER
SURVEY OF CURRENT BUSINESS
May 1064
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1964
1963
1962 | 1963
Monthly
average
S-7
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS INCORPORATIONS cf
New incorporations (50 States and Dist. Col.):t
Unadjusted
- - - -.number _ 15. 171
Seasonally adjusted
do
INDUSTRIAL AND COMMERCIAL
FAILURES cf
__
number. _
Failures total
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade
do
__do
do
__do
do
15, 534
16,318
15,563
16,347
15,305
16,894
15,682
15,060
15,536
15,959
15 431
15,277
16093
13,824
15 689
16,808
16,275
12,975
15,759
15,472
15,867
18, 825
16, 193
15,495
16, 086
17, 631
16 023
1, 315
1,198
1,295
1,287
1,303
1,211
1,155
1,135
1.051
1,262
1,115
998
1.217
1.241
1,320
112
114
200
201
557
126
126
221
224
595
129
116
212
189
620
150
111
217
241
595
139
120
158
206
591
136
101
180
173
590
111
108
210
187
522
108
113
189
167
467
115
133
207
217
578
127
129
198
186
479
123
91
198
176
433
100
109
201
205
570
132
109
204
211
572
145
131
210
212
625
142
86, 151 120, 509
7, 614
9 559
11,925 31, 350
45
955
30 552
20 697 26 463
9
127
13 418
65, 233
5 304
12, 394
18 748
19 341
9 446
85,918
6 579
21, 522
9g 149
15 644
14' 024
91.834 262, 112
4, 171
10 758
12, 981 20, 325
32 777 197 942
93 603 26, 832
11 715 12 84?
68, 427
3 764
13, 935
22 662
16 849
11 217
57.1
54.5
59.4
59.6
55.1
51.2
225
215
629
134
Liabilities (current), total
..thous. $.. 101, 133 112, 716
7,831
7, 425
Commercial service
__do
20, 295 19, 280
Construction... ._
do
33,
333
46,
475
Manufacturing and mining
_ do
29, 143 24, 947
Retail trade
-- do
10,
531
14.
589
"Wholesale trade
do
Failure annual rate (seasonally adjusted)
No. per 10,000 concerns. . '60.8 i 56. 3
97, 702 100, 755 118,274
6, 957
4, 960 14, 502
19,017 14, 434 19, 828
32, 107 32, 286 33, 496
26, 148 28, 847 39, 291
13 473 20 228 11,157
54.4
54.2
56.4
57.8
96, 731 123, 935 110, 999
7 938 11 686
5 791
22, 166 14, 933 20, 7769
99 649 96 ?60 26 76
27 376 92 680 19 515
11 819 59 8°4 32 260
53.9
55.3
56. 6
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
Prices received, all farm products
1910-14=100,.
Crops
Commercial vegetables
Cotton
. _
Feed grains and hay
Food grains
__
-.
Fruit
Oil-bearing crops
Potatoes (incl. dry edible beans)
Tobacco
Livestock and products _
Dairy products
Meat animals
_
Poultry and eggs
"Wool
do
do
do -_
do
.do
do
do
do
do
_.
do _
do__ .
do _
do
__do
Prices paid:
\11 commodities and services
do
Familv living items
___do
Production items
do
All commodities and services, interest, taxes, and
wage rates (parity index) t - _ . .1910-14=100
243
241
240
242
240
241
245
242
241
241
241
237
243
240
240
236
230
244
270
153
226
238
238
270
164
224
238
237
270
161
234
244
243
278
161
239
246
242
275
162
233
244
244
277
169
215
239
266
269
168
205
234
204
271
108
206
232
189
276
171
213
234
201
278
162
223
241
255
274
158
994
241
241
264
164
220
243
261
254
166
230
242
278
249
104
229
243
299
259
166
215
244
241
267
108
225
220
248
279
958
157
496
268
258
151
501
308
254
140
501
327
258
156
500
317
258
153
500
278
256
182
499
270
255
207
494
260
253
163
498
275
264
140
496
294
271
144
483
309
205
144
488
306
208
150
489
298
203
150
490
295
260
167
490
317
252
191
490
944
952
289
145
266
242
249
281
155
274
240
240
288
144
279
235
234
286
134
272
239
232
294
133
272
249
239
309
137
271
249
249
303
141
264
249
260
293
148
258
247
268
286
146
258
242
271
979
150
262
234
310
145
251
259
144
200
242
205
274
154
274
238
201
209
147
281
237
254
144
295
230
243
20H
136
301
280
294
270
283
298
273
283
297
274
283
297
273
283
297
273
283
298
272
284
299
273
283
298
273
283
297
273
282
297
272
989
298
271
282
298
270
283
298
273
283
271
283
298
979
283
300
272
311
312
311
311
313
312
311
311
311
311
313
313
313
314
70
78
156
530
255
253
307
312
279
278
1957-59 = 100..
105.4
106.7
106.2
106. 2
106. 2
106.6
107.1
107. 1
107. 1
107.2
107.4
107. 6
a 107.fi
4 107.7
__
_ do
do-~_
105.4
100.1
106.7
107.4
106. 1
106.8
100.1
107.0
100. 1
107.0
106. 0
107. 3
107.1
107.5
107.2
107. 6
107. 1
107.8
107.2
108. 1
107.4
108. 4
107. 5
108. 5
do
do
do
do
do
103.2
103. 6
101.8
102.1
115.2
104. 1
104. 9
102.1
101.5
116.6
103.6
104.4
101.5
101. 4
113.3
103. 6
104.2
101.8
101. 1
115.4
103. 5
104. 2
101.8
101.1
115. 7
104. 0
104. 8
102. 0
101.2
117.7
104. 6
1 05. 5
102.1
100. 5
118.1
104. 0
105. 5
102. 1
100.2
119.0
104. 4
105. 3
102.2
99.8
120. 1
104. 5
105. 2
102.7
103. 1
120.0
104. 7
105. 4
103.1
103.2
121.0
do
do
102.8
110.9
103. 5
113.0
102.9
112.3
103. 1
112. 5
103.0
112.6
103.3
112. 9
103. 5
113. 1
103. 0
113.3
103.7
113.5
104. 2
113.7
do
do
do
do
103. 6
101. 7
104.1
105.0
105. 1
100.2
103.8
111.0
104.6
100. 7
103. 5
109. 6
104. 3
98.3
102. 9
112.0
104.2
98. 0
102. 8
113.9
105.0
98.4
102.8
115.6
100. 2
100. 2
103.3
118.7
106.0
101. 4
104.2
114.2
105.4
101. 5
104.3
108. 1
do
do
do
do
do
do
104.8
105.6
105.7
105.6
106.1
101.5
106.0
106.9
106.8
107.0
107.0
102.4
105.7
106.5
106.4
106.5
107.2
102.3
105. 8
106. 8
106.5
106.9
106.9
102.3
105. 7
106. 7
106. 6
106.7
106.4
102.3
105.9
100. 8
106. 7
106.8
106.7
102.4
106.0
107.0
106. 7
107.1
106.7
102.4
106. 0
107.0
106. 8
107.1
106.4
102.5
103.6
107.2
105.9
115.4
104.8
107.8
106.4
116.9
104.2
107.0
105.6
116.4
104.4
107. 0
105. 5
116.5
104.3
107.4
106.0
116.5
104.5
107.4
106.1
116.6
104.5
107.8
106.4
116.6
Health and recreation 9 *
._
_ do _
109.4
111.4
110.2
110.7
110. 7
Medical care
do
114.2
117.0
116.1
116.4
110.7
Personal care.
_ _____
do
106. 5
107.9
107.6
107.3
107. 8
Reading and recreation
_ _ _ _ _ _ _ do _
109.6
111.5
110.1
111.0
110.7
r
2
Revised.
i Based on unadjusted data,
A nnual da ta for 19 61-63
for parity ratio adjusted for government payments made di rectly to farmers are as fo Hows
(unit as above) : 83; 83; 81. Descriptive material and annual data back to 1933 appear i n the
Dept. of Agriculture publication, "Agricultural Prices," i anuary 1964.
3 "All it ems"
index on old basis.
* New series. Beginning Jan. 1964 t he index
the folio wing
changes: (1) updated weighting factors and price data base; (2) impr 3vement 5 in statistical
procedures; (3) a more comprehensive index, incl. single w orkers li ving alo]le, as w 3ll as
families of wage earners and clerical workers; (4) expansion o ' the "m irket bas ket" froin325
to 400 items; and (5) increase in the sample of priced cities to 50 metro )olitan a reas and cities
in the U.S. incl. Alaska and Hawaii. The new series has been linkec 1 to the ()ld series as of
Doc. for
1963FRASER
to provide continuous series (see exceptions in notes "!" and "*"). 3lore com plete
Digitized
111. 4
117.2
107. 8
110.9
111.7
117.3
108.0
111.5
78
9QO
r
77
CONSUMER PRICES
(U.S. Department of Labor Indexes')
All items
Special group indexes:
All items less shelter
All items less food
Commodities!
Nondurables
Durables! 9
New cars
Used cars
.
-_-._.
Commodities less food!
Services!
.__
... _
Food 9
Meats, poultry, and
Dairy products
Fruits and vegetables.
_
fish
Housing
Shelter 9*
Rent
I lomeownership *
Fuel and utilities*
Household furnishings and operation*
Apparel and upkeep*
Transportation
Private
Public
do
do
do
.do .-
3
Kf7.fi
107. 0
3 707. 8
107.7
107. 0
108. 4
107.5
108.4
107. 5
K)8. 6
104. 9
105. 0
103. 0
102. 1
120. 3
104. 9
105. 7
102. 9
102.3
119. 0
104. 8
105. 0
102.9
102.2
119.0
104.8
105.6
102. 9
101. 8
119.0
104.5
113.9
104. 5
114. 1
104. 3
114.2
104.1
114.3
104. 3
114.5
104.9
100.4
104. 6
106.3
105. 1
99.7
104, 8
108.2
105. 4
99.2
105. 0
109.8
105.8
98. 3
105. 0
112.4
100. 0
98. 3
104.8
113.9
105. 7
97.2
104. 5
115.1
106.2
107.1
107. 0
107.2
107.0
102.7
106.3
107. 3
107.1
107.4
107.3
102.6
106. 6
107. 7
107.2
108.0
107. 5
102.7
106. 9
108.0
107. 3
108.4
107.6
102.9
100.9
108. 1
107.3
108.5
107.7
102.7
100. 9
108.3
107.5
108.8
100.8
102.7
107.1
108. 4
107. 5
108.9
107. 3
102.8
104.7
108.3
106.9
117.1
105.4
107. 9
106.5
117.1
105.9
109.0
107.7
117.6
106.1
109.1
107.8
117.6
106.1
108. 9
107.5
118.3
105. 0
109.4
108.0
118.3
105.1
108.6
107.2
118.4
105.3
108.9
107.4
118.3
111. 0
117.4
108.0
112. 1
112.1
117.5
108.2
112.3
112. 3
117.7
108.4
112.7
112.4
117.9
108.4
112.8
112.7
117.9
108. 8
113.1
112.7
118.2
108.5
113.1
112.9
118.5
108.4
113.3
113.1
118.7
108.7
113.6
inforn ation an d data ai e availal3le from ,he Bure au of Lai3or Statisties, U.S . Dept, ()f Labor
(Wast ington, D.C., 2 3210).
n & Bra dstreet, Inc. (failures dat a are for 48 States and Dis t. Col.).
0" Compile i by Du
tBDevised b e ginning Jan. 196^5 (unadj. and seas adj.) to incl. datei for Dist rict of Co lumbia.
Seas, a dj. data revised jeginnin I Jan. 19 62 to refl ect new seas, fact ors. Re visions f or Jan.Dec. l 962, resi3ectively , (seas. £idj.) are as follo\ rs (num jer): 15,,.>99; 15,75 8; 15,670 ; 15,372;
15,245; 14,947; 1 5,171; 15 056; 15,2 49; 14,892 ; 14,951; 14,985.
JSee nc)te mark ed "%" o n p. S-7
of the Feb. 196 4 S U R V E Y.
§]Ratio of Drice^ rec eived to prices p<lid (incl. interest, taxes, arid wager ates).
!Data
beginrling 196$ as sho wn here are no t comps rable w th "old series" data f ormerly
publis hed.
9 Incl. d ita not s lown ser arately.
*Ne^T indexes
SURVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962 | 1963
Monthly
average
May 1904
1963
Mar.
Apr.
May
June
July
1964
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
COMMODITY PRICES—Continued
WHOLESALE PRICESd"
(U.S. Department of Labor Indexes)
Spot market prices, basic commodities:
22 Commodities
1957-59 =100. .
9 Foodstuffs
do
13 Raw industrials
do .
All commodities
do
By stage of processing:
Crude materials for further processing
do
Intermediate materials, supplies, etc _ . do
Finished goods©
...
do
By durability of product:
Durable goods
do
Nondurable goods
do
1
93.0
89.8
95.4
100.6
i 93.5
92.9
93.9
100.3
92.2
89.2
94.4
99.9
93.0
90 9
94.5
99.7
95.1
95.0
95.2
100.0
93.5
92.9
93.9
100.3
93.8
93 4
94.2
100.6
92.6
90 3
94 2
100.4
93.0
91.4
94.1
100.3
95.8
95 1
96.3
100.5
95.7
93 4
97.3
100.7
95 0
91 1
97 7
100.3
95 5
91 5
98 5
101.0
94 4
88 9
98 5
100.5
94.3
87 9
98.9
100.4
96.3
88 2
102 4
100.3
97.1
100.2
101.7
95.0
100.5
101.4
94.5
100.0
101.1
95.0
99.9
100.8
94 2
100. 5
101. 1
94.8
100.6
101.5
96.1
100.6
101.8
95.7
100. 5
101.4
94.8
100.5
101.5
94.8
100.9
101.6
95 1
101.0
101.8
99 6
101 1
101 4
95 1
101 3
102.1
94 0
101 2
101 6
r
94 3
100.9
101.5
94 2
100 9
101.3
101.0
100.1
101.0
99.6
100.6
99.2
100. 6
99.0
100.8
99.4
100.9
99.8
101.1
100.1
101.2
99.6
101 1
99 5
101.4
99.8
101 5
100 0
101 6
99 9
101 7
100 3
101 8
99 5
102 0
99 2
102 2
98 9
do
do
do
100.8
101.3
100.1
100.6
101.3
99.8
100.2
100.9
99.3
100.0
100.9
99.0
100.4
101.1
99.5
100.8
101.2
100.2
101.0
101.5
100.4
100.8
101.5
100.0
100 7
101.4
99.9
100.9
101.7
100.2
100 9
101 8
100.1
100 9
101 9
99 9
101 3
101 9
100 5
101
1
109 1
100 0
100 9
102 2
99 6
100 9
102 4
99 4
do
do
do
do
97.7
97.7
98.8
96.2
95.7
96.1
101.9
88.8
95.4
99.0
103.7
85.6
95.4
99.6
105.1
88.2
94.4
99.8
102.9
86. 8
94.9
97.1
101 .4
89.3
96.8
97.0
99.5
94.4
96.3
92.5
98.5
93.5
95.5
88 0
102.9
88 6
95.1
89. 1
101. 8
88 0
96.2
96 1
100 3
87 9
93 3
94 g
101 8
79 9
96.3
95 9
103 9
84 7
94
97
102
89
T
94
106
103
82
Foods processed 9
- do
Cereal and bakery products. _
do
Dairy products and ice cream
do
Fruits and vegetables, canned, frozen
do
Meats, poultry, and
fish
do
101.2
107.6
106.9
98.0
99.1
101. 1
107.3
107. 5
103.9
93.3
99.0
108.0
107.1
101.3
91.8
99.3
108.1
106. 9
102.9
90.3
101. 7
107.6
106. 8
103. 4
91.9
102.4
107.0
106.6
104.6
94.1
102.2
106. 4
107.3
105.7
96.3
100.9
106.0
107.9
104.8
95.2
100 9
107 0
108 0
105.3
94.2
102. 9.
107. 7
107 4
105.8
93.2
109 5
107 3
107 9
106. 4
91.7
100 4
106 9
108 1
106.8
87.7
109 5
107 0
108 0
107.2
91.8
100 9
107 4
107 5
107.4
88.9
r 100 5
r 107 1
r 107 3
107.5
88.7
100 4
108 0
107 1
107.1
88.3
Commod. other than faim prod, and foods-do
Total manufactures
Durable manufactures
Nondurable manufactures
Farm products 9
Fruits and vegetables fresh and dried
Grains
Livestock and live poultry
r
5
9
0
8
95
104
99
83
2
9
1
8
5
2
3
4
100.8
100.7
100.6
100.4
100.5
100.7
100.8
100.8
100.7
100.9
100.9
101.2
101. 3
101.2
101.1
101.1
do
do_ __
do
do
do
do
97.5
96.3
96.0
76.3
101.9
103.8
96.3
94.8
95. 1
80.3
99.9
103. 8
96.8
95.4
95.2
74.5
102.3
103. 7
96.3
95.0
95 1
96.3
95.0
95.2
80.6
100.8
103.0
96.0
94.7
95.1
81.4
99 8
103.0
96.0
94.6
95.0
81.7
96 9
103.9
96
94
94
81
97
103
0
5
9
3
2
9
96 2
94.2
94 9
88 5
97 1
103 9
96
94
95
90
98
105
3
2
0
9
4
1
96 9
94 3
95 0
85 0
98 4
105 3
96
94
95
83
99
105
96
94
95
83
100
104
96 5
94 4
T 95 •>
85 8
100 9
%
10'? .3
103. 7
96. 4
95.0
95.2
78.6
102.3
103.0
Fuel and related prod., and power 9
do
Coal
do_ __
Flectrlc power
Jan 1958=100
Gas fuels
do
Petroleum products, refined
1957-59=100..
100.2
96.8
102.8
119.2
98.2
99.8
96.9
102 0
122. 8
97. 2
100. 8
98.1
102.4
127.8
98.2
100. 3
95 0
10° 4
124 1
98.2
100. 4
94. 2
102.2
120.1
99.1
100.9
94.9
102.2
120.3
99.9
100. 4
95.8
10? 0
121 2
98.7
98.9
96.2
101 9
120 9
96.1
99.0
97 2
101 8
121 7
95.9
98.8
97 7
1019 4
12 0
95.6
97.9
98 3
101 3
93.8
99.3
98 3
101
3
194 8
96.1
Furniture, other household durables 9
do
\ppliances household
do
Furniture household
do
Radio receivers and phonographs
..do
Television receivers
_.do
98.8
94.0
103. 8
86.1
94.2
98.1
91.8
104. 6
r
82. 8
92.3
98.2
92 3
104.6
84.2
92.7
98.
1
99 1
104 4
84.2
92.7
98.0
92.0
104. 4
83. 0
92. 7
98.1
91.9
104.5
83.4
92.5
98. 0
91.7
104. 5
81.5
91.9
98.1
91.7
104.6
81.5
91.9
98.1
91 4
104.8
81.9
91.9
98.1
91 9
104 8
81 9
91.8
98.1
91 9
104 8
81 8
91.8
Hides, skins, and leather products 9
Footwear
ITides and skins
Leather
Lumber and wood products
do
do
do
do
do
107.4
108.6
106.2
108.5
96.5
96.5
104. 2
108 3
84 0
101 9
98 6
98 9
105. 1
108.3
88.4
103. 7
96. 5
96 6
104. 5
108. 2
85 0
102.8
97 0
97 r>
104. 8
108. 2
87. 4
103. 2
97. 5
98.4
104.5
108.2
85.8
102.5
98.3
99 2
104.3
108. 4
83 5
102 2
1019 6
10 1
103.6
108.4
80 5
100. 1
102 6
102 7
103. 1
108 4
77 3
99 5
99 9
100 7
103.4
108 4
80 5
99 5
99 o
99 3
Machinery and motive prod 9
Agricultural machinery and equip
Construction machinery and equip
Electrical machinery and equip
M^otor vehicles
do. .do
do
do
do
102.3
109. 5
107.8
98.4
100.8
109 2
111.1
109. 6
97 4
100 0
102.0
111.0
108. 8
96 9
100 7
101.9
110.9
108. 8
97.0
100.2
102. 0
110. 9
109.2
97.5
99.8
102.0
111.0
109.6
97.7
99.3
102. 1
110.9
109. 7
97. 2
99.8
102. 1
110. 9
110. 0
97.2
99.5
102.2
110.9
110. 1
97.2
99.3
Metals and metal products 9
Heating equipment
Iron and steel
Non ferrous metsls
do
do
do
do
100. 0
93.2
99.3
99.2
100. 1
92.9
99. 1
99 1
99.4
92. 6
98.4
98.1
99.4
92. 9
98. 5
98.2
99.9
93.0
99.3
98.7
100 .0
93.3
99.0
98.7
100. 0
93.3
99. 0
99.0
100. 1
93.1
99.0
99.4
100. 3
93. 1
99. 1
99.6
102.3
111.2
110.4
r
97. 4
99.9
100.9
93. 1
99.9
99.9
103.5
1089 2
8 7
99 7
99 9
99 3
102. 5
111.4
110.9
97. 5
99 9
do
do
do
do
do
_ _ _ do ..
do
- do -,
101.8
103. 5
102.6
105.0
100.0
102.6
93.3
87.1
101.3
103.6
101.7
105. 4
99.2
102. 4
93.8
90. 1
101.5
103. 6
102. 2
105. 0
99.0
102.2
94.1
89.0
101.5
103.8
102. 2
105. 0
99.0
102. 2
94. 1
89.0
101.3
104. 0
1C1. 9
105.0
99. 1
102. 2
93.2
89.1
101.2
104 .0
101.9
105 .0
99.4
102.2
93.1
89.1
100. 9
103. 5
101.2
105.0
99.0
102. 2
93.0
89.1
101.0
103.6
101.2
105.8
99.1
102. 2
93.7
91.2
101. 1
103. 4
101.3
106. 1
99.1
102.2
93. 4
91. 7
101.3
103. 4
101.3
106.1
99.5
102. 8
91. 7
91. 7
do
do. ..
do
do
do
do
100.6
101.5
101.7
93.9
125. 9
99.1
100. 5
101.9
100. 3
93.9
139.9
100.9
100.2
101.4
100. 2
93.8
150.9
100.8
100.1
101.3
100.1
93.8
150. 9
100.8
ICO. 2
101.6
99.7
93.8
144.4
100.6
100.3
102.0
99.7
93.8
148.0
100.8
100.4
102. 2
99.8
93.7
134.5
100. 5
100.4
102. 2
99.7
93.9
136.6
100. 6
100. 5
102.3
99.9
94.0
130. 1
100. 6
100.7
102.5
100.2
94.2
126.1
100. 6
Tobacco prod, and bottled beverages 9 -—do
Beverages alcoholic
do
Cigarettes
do
Miscellaneous
do
Toys sporting goods
do .-
104.1
101.0
101.4
107.3
100.8
106. 1
101.0
104. 1
110.4
101.0
104.3
101.1
101.4
110.8
100.5
104.4
101. 1
101.4
108.0
100.7
105. 2
101.0
104.2
107.6
100.7
105.8
101 .0
105.6
108.1
100.7
107.5
101.0
105.6
110.4
101.0
107.5
101.0
105.6
111.1
101.2
107.5
101. 0
105. 6
111.8
101.1
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
1957-59=100..
Consumer prices.
-do
99.4
94.9
99.7
93.7
100.1
94.2
100.3
94.2
1CO.O
94.2
99.7
93.8
99.4
93.4
99.6
93.4
99.7
93.4
Chemicals and allied products 9
Chemicals industrial
Drugs and Pharmaceuticals
Fats and oils inedible
Fertiliser materials
Prepared paint
Nonmetallic mineral products 9
Clay products, structural
Concrete products
Gypsum products
Pulp, paper, and allied products
Paper
Rubber and products
Tires and tubes
Textile products and apparel 9
Appprel
Cotton products
Manmade fiber textile products
Silk products
Wool products
r
2
Revised.
i Figures are for the month of June.
Indexes based on 1947-49=100
are as follows: Measured by—wholesale prices, 84.0 (Apr.); consumer prices, 75.7 (Mar.).
c
Corrected.
199 3
3
3
4
1
4
3
4
9
3
9
2
8
r ^04 u
87 3
i no 9
104 8
99.5
98 3
101 3
124 8
96. 6
99.0
98 1
101 3
196 8
95.3
97.4
97 i
101 3
T 193 9
92.9
96.1
94 7
101 3
190 4
91.1
98.0
91 1
104 7
81 7
90.9
98.4
91 5
105 0
81.5
90.9
98.5
91 8
105 0
81 5
90.9
98.5
91 7
105 0
81 5
90.9
98.6
91 7
105 0
81 5
91.2
103.0
108 9
102. 7
108. 3
76.1
99.5
99.0
99 9
102.5
108.2
74 0
99.7
99 9
100 3
r 102. 5
108 9
104.5
108 3
88 1
101 5
1019 8
10 0
102 7
112.6
112. 0
r 97 ()
r 99 9
on r
r
102. 5
112. 1
111.8
96.9
99.8
101. 0
92. 8
99.9
100.2
102 6
111.9
111.2
97 7
99 9
101.3
92.7
100.0
101.0
101.7
92.0
100. 2
101. 4
102. 5
112.5
111.8
r
96 9
99.8
101.8
91.8
100.2
101.7
101.2
103. 5
101.4
106.1
99.4
102. 9
101. 3
103.5
101. 4
10(1 1
99.4
102.9
101. 1
103.5
101. 2
106. 1
99.8
103. 1
93. 7
91. 3
101.2
103.8
"101.0
108.6
99.9
103.1
93.6
91.3
101.1
102. 3
101.3
94. 4
130. 5
101.6
101.2
102. 3
101.5
94. 6
126. 3
102. 8
101.2
102. 3
101. 3
94.7
121.6
103.2
101.2
102.3
101.2
95.1
116.8
103.3
107. 5
100.9
105.6
111.2
101.1
107.5
100.9
105. 6
110. 9
101.0
107. 5
101.0
105. 6
112.2
101. 1
107.6
101. 0
105.6
112.6
100. 9
107.1
101.0
105. 6
110.9
100.9
99.5
93.3
99.3
93. 1
99.7
92.9
99.0
92. 9
99.5
92.9
99 6
101 0
101 4
' 102.
0
'92. 1
100. 2
r
103. 0
r
A
102 9
112. 7
112. 2
97 o
99 9
102.3
92. 2
100. 4
104. 2
101. 1
103.9
100.7
108.6
99.3
103.5
93. 9
91.3
101. 3
104. 5
100. 6
108. 6
99.1
103. 5
93. 5
90.3
101.2
102.3
101.1
102.3
100.6
95. 5
116.4
103. 2
r 101. 1
95.5
116.6
* 103. 3
r
96 6
94 4
107. 1
100. 7
105. 6
109. 8
107.1
100.7
105. 6
109. 5
100. 5
99.6
92. 9
299.7
2
d"For actual wholesale prices of individual commodities, see respective commodities.
OGoods to users, including raw foods and fuels.
9 Includes data not shown separately.
SUEVEY OF CURRENT BUSINESS
May 19(54
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1964
1963
1963
Monthly
average
S-9
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE f
mil.$_.
4,920
5,231
4,148
4, 609
5,172
5, 795
5,867
6,050
5,989
6,097
5, 758
5,294
4, 582
r 4, 265 ' 4, 641
5,152
Private total?
do
Residential (nonfarm) 9
__do
New housing units
do
Additions and alterations
-do
Nonresidential buildings, except farm and
public utilities, total 9
mil.$__
Industrial
.
do.
Commercial 9
do
Stores, restaurants, and garages
do
Farm construction _
do_ _
Public utilities
do
3,456
2,014
1, 553
0)
3,650
2,143
1,672
0)
2,938
1,646
1,281
3,324
1,986
1, 458
0)
3,685
2,265
1.634
0)
3,966
2,485
1,825
0)
4,054
2.475
1,919
4,073
2,395
1,932
0)
4.111
2.395
1.936
(')
4,038
2,348
1,909
0)
3,780
2,143
1,734
0)
3,278
1,805
1,452
0)
T 3, 084
'1,656
0)
4,090
2,431
1,943
0)
0)
rr 3, 308
1,855
' 1,473
0)
3,651
2, 175
1,627
0)
947
238
419
198
108
364
988
260
426
183
105
388
861
232
371
152
98
312
848
229
361
145
96
374
885
230
380
158
101
409
932
239
395
165
107
412
1,018
253
443
203
115
413
1,079
268
474
220
119
428
1,117
283
490
232
113
417
1,118
293
483
220
109
461
1,125
302
484
211
104
437
1,096
306
463
191
100
419
1,041
304
427
162
96
316
1,020
300
418
158
94
'293
1,005
292
416
161
95
'330
988
286
404
150
93
369
Public total
Nonresidential buildings
Military facilities
Highways
Other types
1,463
426
106
513
418
1,582
461
0)
558
432
1,210
416
87
335
372
1,285
445
89
340
411
1,487
457
119
471
440
1.829
518
150
699
462
1,813
482
172
673
486
1,960
495
(0
784
509
1.916
510
(0
742
501
1,986
525
0)
821
491
1,720
468
0)
676
433
1.514
458
0)
544
386
1,304
435
0)
361
392
'1,181
'1.333
'464
1,501
495
0)
0)
0)
New construction (seasonally adjusted at annual
rates) total t
mil $ 259,036 262,775
60,114
59,555
60,458
62,335
62,733
64,194
64,228
65, 888
66,106
65. 522
65, 641
r
65, 765 ' 66, 765 66. 768
41, 478
43, 796
41,526
42,436
43,143
43,184
43,931
44,571
44,827
45, 608
45,750
45, 867
45, 610
r
46, 026 ' 46, 562 46, 637
24, 174
Residential (nonfarm)
do.
Nonresidential buildings, except farm and
public utilities, total 9
mil. $.. 11,362
2,857
Industrial _ _ __
__do_
5,023
Commercial9
do
2, 375
Stores, restaurants, and garages. _.do
1,294
Farm construction
do
4,371
Public utilities
-do
25, 711
24, 353
24. 984
25. 646
25, 801
25, 888
25, 832
25, 919
26, 532
26, 927
26, 615
26,710 ' 26, 984 ' 27, 385
27, 482
11, 860
3,118
5, 110
2,196
1, 258
4, 657
11, 192
2, 774
4,963
2,138
1.269
4,438
11,181
2,810
4.890
2. 136
1,265
4,737
11, 135
2, 852
4, 775
2. 033
1. 261
4. 805
11,103
2, 976
4. 589
1. 810
1. 258
4,686
11.717
3,136
4,953
2, 125
1, 254
4,718
12, 384
3,310
5,346
2,388
1, 250
4,741
12, 738
3,395
5,561
2, 524
1,248
4,580
12 670
3. 461
5,412
2,392
1.243
4,849
12, 752
3,538
5,367
2,255
1,242
4, 555
12, 883
3,577
5, 412
2, 252
1,241
4, 852
12,760
3,469
5, 400
2,250
1,241
4,647
12, 865 13, 001
3. 492
3, 472
5, 569
5,448
2, 221
2,270
1,231
1, 237
T 4, 648 ' 4, 644
12, 945
3, 505
5, 465
2, 215
1,228
4, 644
do
17, 558
18, 979
18,588
17,119
17,315
19,151
18,802
19,623
19,401
20. 280
20, 356
19, 655
20, 031 ' 19, 739 ' 20. 203
20, 131
_ do
do
do
5,115
1,269
6,156
5,532
0)
6, 702
5,394
1, 255
6.960
5,311
1.176
5.602
5, 358
1,369
5.611
5,660
1,682
6,813
5, 306
1,909
6,331
5,436
0)
6,965
5,643
0)
6. 550
5,831
0)
7,442
5, 802
0)
7, 706
6, 051
0)
6,761
5, 781
0)
7,150
' 6, 208
0)
6,262
6,024
(0
7,049
5, 929
(0
0)
3,442
3
120
1,133
2,309
3,824
133
1,229
2,594
3,583
118
1,182
2,401
3. 983
125
1,168
2,814
4, 851
144
1, 567
3,283
4.402
135
1,384
3,019
4,125
126
1,319
2, 805
4,061
132
1,318
2,744
3,707
128
1, 154
2,552
4,313
146
1,321
2,992
3.749
144
1, 157
2.592
3,413
148
1, 155
2,257
3.346
147
1,198
2,149
3,201
143
1,041
2,160
4,215
140
1,339
2, 876
1,084
1,503
659
19G
1, 212
1,716
683
212
1,146
1,642
629
167
1,210
1,986
635
152
1,452
2, 061
952
385
1.458
1, 966
812
167
1,271
1,934
742
178
1,322
1,883
675
182
1, 154
1.789
662
102
1,331
2,028
748
206
1.082
1, 519
704
444
1, 102
1,158
1,325
1, 372
629
}
816
356
1,082
1,427
692
1,252
1,991
972
3,986
2,664
New construction (unadjusted), totalf-
do
__do
do
do
__do
Private, total 9
Public total 9
do. .
-
Nonresidential buildings .
Military facilities
Highways
0)
' 1,315
'429
0)
272
378
0)
343
418
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
Heavy construction:
New advance planning (ENR)§_
_._do
Concrete pavement awards:^
Total
thous SQ yds
Airports
_
_ .
do
Roads
__
do
Streets and alleys
do
1,766
2,770
3,250
2,037
2,328
2, 072
2,416
2,976
2,666
3,600
4,484
9,483
477
6,217
2,789
10, 053
482
6,411
3, 160
8,131
1,042
4,872
2,217
10,216
521
6,415
3, 279
12, 343
742
7, 657
3, 944
9,793
357
5,649
3,788
13,661
973
7,592
5,097
9,399
184
5,613
3,603
8,142
254
4,968
2. 920
13, 033
189
8.139
4, 706
8, 164
199
5, 115
2,850
124.4
83.0
121.9
134,8
83.8
132.2
128.1
80.6
124.4
160.3
105.7
158.2
169.5
107.1
166. 4
157.3
100. 4
153. 4
152. 3
98.2
150. 2
147. 9
95.8
144.4
147.3
92.9
145.3
166. 1
102.7
163. 1
121. 2
71.9
119.4
96.8
50. 5
95.1
100.
8
r
55. 3
99.6
122.4
87.7
119.9
132. 5
94.8
130. 0
126.3
88.9
122. 6
157.5
111.2
155.4
166.3
116.3
163.2
155. 5
109. 2
151.6
150. 7
105. 2
148. 6
145. 5
100.4
142.0
144.1
103. 7
142.1
162.8
116.5
159.8
118.8
83.9
117.0
94.5
75 5
92.8
'98. 5
5 r 75 0
1,575
1,549
1,618
1,590
1,618
1,590
1, 571
1,554
1,588
1,573
1,455
1,434
1,732
1,697
1,847
1,807
1,564
1,533
1.274
746
1,264
779
1,329
753
1.363
771
1,308
735
1,262
726
1,372
771
1.412
756
1.369
736
2,656
6, 577
10. 389 * 10,891
176
256
8,177
8.464
2, 037
2, 095
3,165
4 6, 820 * 9, 057 * 12, 997
225
836
611
6, 956
5,159
9,861
1,046
1,197
2, 402
HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total, incl. farm (public and private).--thous..
One-familv 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
New private housing units authorized by bldg. permits (12,000 permit-issuing places) :**
Seasonally adjusted at annual rates:
Total *
thous
One-family structures ..
do
2 1,229
2
756
2
1,327
2
746
r
101.1 ' 133. 4
154,1
' 100. 3 ' 130. 2
151.1
r
98. 5 ' 131. 6
151.0
98. 3
-97.7 ' 128. 4
148.0
1, 564
1,518
1,718
1,688
' 1. 657 ' 1, 665
1,558
1,526
1.426
699
1.314
710
r 1. 613
1,405
792
' 1, 640
p
1, 384
772
1,249
705
CONSTRUCTION COST INDEXES
Department of Commerce composite]:
107
109
108
108
109
1957-59=100..
American Appraisal Co., The:
Average, 30 cities
1913=100-..
756
780
771
772
775
Atlanta.- _.
do
832
857
852
852
852
New York__
do
836
858
849
849
849
San Francisco.
do
720
761
745
745
746
St. Louis
_
do
741
760
756
754
754
Associated General Contractors (building only)
111
114
113
1957-59=100..
113
114
r
J
2
Revised.
Not yet available; estimate inclu Jed in tc tal.
Annual total (als50 for
breakdown of new construction value).
s Comp ited froin cumul ative va luation total,
* Includes yardage reported as "miscellaneous."
5 Effecti v 3 Jan. 196 4, based on 1963 definitions of metropolitan areas; not strictly comparable ^-vith ear ler data,
t Revised series. Revisions back to 1959 are shovm in Coiistruction Report C30-53 [Suppiemen t); data back to Jan. 1950 will be available in ^ later Siipplemerit (Bu. o f the Cen sus).
9 Includes data not shown separately.
AMom hly aver ages for 1 362 are ba sed on aimual
totals including revisions not distributed by months
109
110
110
110
110
110
111
111
111
111
111
778
852
851
762
754
782
856
851
770
754
786
862
867
774
762
788
862
869
775
762
790
863
872
778
765
791
863
872
778
774
792
863
874
778
776
792
863
884
778
779
793
870
884
780
779
793
870
884
780
779
794
870
884
780
777
115
115
116
115
116
116
117
117
117
117
§1)ata for ]\/lay, Auj?., and O ct.!963a nd Jan. a nd Apr. 1964 are f or 5 week s; other nonths,
4 wee!cs. Com parable data pric r to 1961 not available.
cf Data for Apr., Ju ly, Oct., and Dec . 1963 and Mar. 1 ?64 are fo r 5 week s; other months,
4 wee!cs.
sfew seri 3S (from Bu. of Cemsus rep orts, Ser es C-20) . Thel 2,000 pennit-issuiiig places
covere d by the,se data account for a ma or porticm (abou t 83 perc ent) of p rivate re sidential
buildi ng in the United States (1959-63 d ata for 10 ,000 places are alt o provid ed in Set ies C-20
report s).
levised t o 1957-5S referenc e base; a so reflec ts revision of bas c data.
114
ioe.4
SURVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1963
Monthly
average
1963
Mar.
Apr.
May
June
July
1964
Aug.
Sept.
Oct.
Xov.
Dec.
Jan.
Feb.
Mar.
Aj.r,
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES— Con.
E. II. Boeckh and Associates, Inc. :1
Average, 20 cities:
All types
combined
1957-59=100..
\p r irtments hotels office buildings
do
Commercial'and factory buildings
do
Residences
do
107.8
108.8
107.8
106.3
110.2
111. 3
110.2
108. 5
108.9
110.0
108.9
107. 2
109.1
110.2
109.1
107.4
109.7
110.9
109.7
108.0
110.3
111.4
110.3
108.5
110.7
111.8
110.7
108.8
110.8
112.0
110.8
109.1
111.2
112.3
111.2
109.6
111.3
112.4
111.2
109.7
111.4
112.5
111.4
109.8
111.5
112.6
111.5
109.9
111.9
113.0
111.9
110.2
111.9
113.1
111. 9
110.3
111. 9
113.1
111. 9
110.3
110.1
114.7
112.7
118.5
111.2
116.4
111.2
116.4
111.6
117. 7
112.0
118.3
113.1
119.6
114.2
120.3
114.2
120. 2
114.6
120.5
114.3
120.2
114.4
120.4
114.6
120.5
114.6
120.8
115.0
121.1
298.6
2 101. 0
99.6
134.5
142.9
133.4
138.2
150.1
147.7
162. 6
151.7
151.5
141.6
151.1
156.9
161.7
147.0
152.4
146. 2
163.8
144.7
135.8
142.4
122.2
142.3
127.3
136. 4
131.6
134.6
167.6
140.7
140.5
176. 1
129.1
140. 9
128.8
158. 5
144.7
175.4
172. 2
153.8
206.4
162.0
133.7
209.3
162. 1
128. 6
220.1
165.8
149.2
224.0
147.2
147.4
207.5
154.9
160.7
219.1
126.0
137.6
181.7
113.3
'130.2
143.5
118. 7
142.6
113.2
142. 3
118.0
18.4
15.8
14.3
11.6
18.8
197
13.3
152
24.9
251
12.2
119
16.1
160
15.7
152
17.5
195
11.8
123
17.1
182
11.9
122
16.4
172
13.3
133
14.8
173
11.3
140
15.0
176
11.2
140
11.4
190
8.3
145
10.3
183
9.1
159
11.5
178
9.1
138
14.4
193
9.4
135
19.0
190
11.3
124
18. 7
190
11.1
111
464. 09
253. 76
416. 19
219. 06
392. 31
244. 64
415.17
259. 56
419.35
225. 60
511.16
265. 14
507. 76
278. 14
505.00
267. 35
567. 53
316.01
444. 50
258. 21
486. 68
255. 35
543. 00
267. 77
439.85
201 .31
483. 39
208. 70
483. 67
3 4. 784
2,514
2.635
2,740
3.270
3,548
3.758
4. 024
4, 226
4,290
4.784
4,414
4,216
4.168
4.444
1,730
2, 061
1,834
2. 058
2. 199
9 24°
2,341
2. 428
2.196
2, 387
1,856
2. 118
1,716
1. 712
2.078
498
710
521
586
827
648
573
666
595
622
760
676
651
854
694
638
936
668
619
1,003
719
623
1,071
734
642
928
626
685
977
725
502
757
597
620
776
722
434
696
586
-474
-674
'• 564
625
786
667
2,849
7.. 204
3,077
8, 183
2, 751
8,178
3, 065
8, 758
3. 233
8,814
3. 177
8. 059
3,515
8,347
3. 525
8,463
3.177
7. 898
3.534
8.461
2,880
7,959
2.987
7.931
2,758
mil. $__ 105. 42
117. 13
137, 38
141.22
121. 20
106. 68
100. 93
113.73
98. 35
109.52
94.91
113.12
139. 33
118.85
126. 45
r 119
r 10Q
r 197
1^4
T H9
r H5
r H4
r H3
r 131
r 194
r 117
120
T 1 1 'i
Engineering News-Record:
Building
1957-59=100.Construction
-- do
Bu. of Public Roads— Highway construction:
Composite (a vg for atr )
1957-59=100
99.6
103.4
101.7
i1 115.3
121. 6
102 2
CONSTRUCTION MATERIALS
Output index:
Composite, unadjusted 9
1947-49=100..
Iron and steel products, unadjusted
T umber and wood products unadj
Portland cement unadjusted
do
do
do
1
REAL ESTATE
Mortgage applications for new home construction:
Applications for FHA commitments
thous. units. .
Renuests for VA appraisals
- do
Home mortgages insured or guaranteed by —
"Fed. TTous. Adm.: Face amount
mil. $-. 439. 24
221.01
Vet Adm * Faceamount?
do
Federal Home Loan Banks, outstanding advances
3
to member institutions
_mil. $.. 3, 479
New mortgage loans of all savings and loan associations estimated total
mil. $_
By purpose of loan:
Home construction
do
Home purchase
do
All other purposes
- do
New nonfarm mortgages recorded ($20,000 and
under) estimated total
mil $
Nonfarm foreclosures
number
Fire losses (on bldgs., contents, etc.)
r
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, seas. adj.:J
Combined index
1957-59=100..
Bu^iness papers
. do _ .
Magazines
.
do
Newspapers
Outdoor
Television (network)
Television advertising:
Network (major national networks):
Gross time costs, total
Automotive, Incl. accessories
Foods, soft drinks, confectionery
do
- do
113
' 118
T H9
108
119
r 127
r
102
88
r
115
r H4
T
121
88
'90
78
'144
* 145
mil. $_. 2199.7 2 208. 2
do__. 213.1 2 14. 6
203. 9
14.9
do ...
do...
Soaps, cleansers, etc
do
Smoking materials..
do.__
All other
_
do
Spot (natl. and regional, cooperating stations):
Gross time costs, total
mil. $..
Automotive, incl. accessories
do
118
96
239.5
* 39. 9
39.1
220.9
2 22 2
240.8
2 21. 9
223.9
2 38. 4
21.3
23.3
35.0
2 180. 3
25.9
2 217. 8
219.8
7.5
T
119
r
118
r HO
T 10§
r 194
T
r
193
r
96
99
r
149
98
90
T
149
r
118
r HO
r 199
r
87
T
96
r 144
139
r
r
98
88
102
r 143
::..::::
....
r
103
81
r
106
r
118
r
147
r 1,^1
r
'Q5
101
101
r 1/19
r 90
r
83
86
r 195
r 134
1^6
r
100
109
85
106
T 145
78
151
r
38.3
200.8
13.3
67. 9
39. 1
220.8
16.3
72.3
43.0
22.0
239 0
4 3
22.6
24 2
33 8
21 6
25 0
42 6
185.3
7.6
34.9
60.2
242 9
8.4
48.7
?2 4
8.6
51.5
20 3
10. 1
73 1
Foods, soft drinks, confectionery
do
260.4
73.0
76.9
Soaps, cleansers, etc
Smoking materials
All other
do
do
do
221.1
27.4
249.4
222.9
29.7
2
61. 2
23.3
8.8
54.7
25 7
11.2
65.6
73.0
4.6
7.9
23
7.1
10.6
77.6
4.8
8.5
2 2
8.0
10.4
85.1
5.3
10.9
31
8.6
11.4
90.6
6.9
10.4
T
T 131
r 97
207. 2
13.9
2
Magazine advertising (general and natl. farm magazines) :
Cost, total
..mil. $..
Apparel and accessories.
do
Automotive, incl. accessories
do
Building materials
do
Drugs and toiletries
do
Foods, soft drinks, confectionery..
..do
T 114
T
94
223. 1
9.1
39.0
72.4
28.1
T 19Q
o 7
89 7
6 1
10.39
74 8
2.7
7.3
8.4
10.7
7.9
10.4
8.7
10.2
4.5
4. 7
4.4
4 3
4.9
5.0
5.5
7.5
3.7
3.5
3.7
4.4
.8
1.0
1.0
1.5
2.8
2. 7
3. 0
2. 7
A l l other
.
- d o
23.8
29.2
25.8
30. 1
r
Revised.
1 Index as of May 1,1964: Building, 115. 6; construction, 122.0.
2
Annual average based on quarterly data.
* End of year.
^Copyrighted data; see last paragraph of headnote, p. S-l.
5 2
8.7
4.6
1.5
3.1
28.7
2 9
51
4 2
4 2
55
6 9
17
3 q
8 C
5.7
4.' 2
5.8
2.8
8.4
7.7
4.4
2.7
3.6
5.6
4.0
3.0
4.5
3.0
5.1
5.5
1.8
2.8
3.1
3.4
1.0
.7
1.0
1.4
.7
1.4
.4
.7
.9
1.0
3.4
2.8
3.0
3.3
2.7
3.9
2.4
3.1
3.8
2.8
24.0
28.4
19.0
29.6
17.9
33.2
19.7
24.8
26.0
28. 9
9 Includes data for items not shown separately.
§ Data include guaranteed direct loans sold; these became sizable after 1962.
J Re visions for Jan. and Feb. 1963 are available upon request.
Beer, wine, liquors
do
Household equip., supplies, furnishings, .do
Industrial materials
_ .
. _ do
Soaps, cleansers, etc
do. ..
3
9 F\
57 0
9
4.7
54 5
51
3.8
7 1
9.0
6 4
7.8
82 1
9 1
6.1
3r\
8 0
8.9
99 6
7 0
14.8
9 9
12.4
103 2
5 7
12.7
1. 8
10 8
13.6
77 2
39
5.9
1.5
9 9
11.0
54 0
2o
7.0
6 2
9.0
73 0
33
9.1
1. 8
80
10.9
Rft 7
7
6
9.8
2.3
9-1
12.8
SURVEY OF CUKEENT BUSINESS
May 1964
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
S-ll
1964
1963
1963
Monthly
average
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Apr.
Mar.
DOMESTIC TRADE—Continued
ADVERTISING— Continued
Newspaper advertising linage (52 cities) :
Total
mil • lines
Classified
do
Display, total..
Automotive
Financial
General
Retail
-do
do
do
do
do
233.2
60.5
238.0
62.5
238.7
63.4
241.1
63.7
268.7
69.7
243.1
67.5
212.5
63.6
231.1
66.8
246.7
65.0
267.7
65.9
258.4
61.8
260.6
53.8
210.6
59.8
210.4
60.9
248.0
66.3
172. 7
12.4
4.8
25.1
130.3
175.6
12.5
4.9
23.8
134.3
175.3
11.9
4.7
25.4
133.3
177.4
15.3
4.9
25.6
131.6
199.0
16.3
4.3
29.3
149.1
175.6
14.1
4.9
25.5
131.0
148.9
11.6
5.5
19.2
112.6
164.3
11.2
3.7
18.7
130.7
181.7
12.7
4.7
26.2
138.1
201.8
16.0
5.5
28.9
151.4
196.6
13.0
4.7
25.8
153. 1
206.7
8.7
5.3
24.0
168.8
150.8
10.6
6.8
18.2
115.2
149.5
12.1
4.2
20.8
112.3
181.7
12.7
5.4
25. 4
138. 2
19, 613
20, 536
19. 653
20, 518
21, 228
20, 737
20,540
21.018
19. 267
21,528
21, 494
25. 104
19, 154
6,031
3,677
3,488
189
RETAIL TRADE
A 11 retail stores:
Estimated sales (unadj ), total
mil. $
do
_ do
do
do
6,245
3, 566
3,344
222
6.675
3,830
3.600
230
6, 383
3,926
3,732
194
6,982
4, 262
4,033
229
7,239
4,301
4,060
241
7,044
4,126
3,865
261
6,976
4,003
3,746
257
6,556
3, 5">9
3,288
241
5, 999
2,990
2,779
211
7, 599
4,387
4.148
239
6, 985
3,949
3,712
237
7,208
3, 690
3,377
313
Furniture and appliance group
do
Furniture, homefurnishings stores — do
ITousehold appliance TV radio
do
901
583
318
968
622
346
838
543
295
854
574
280
934
612
322
933
599
334
965
608
357
992
651
341
980
647
333
1. 095
719
376
1,077
703
374
1,333
790
543
905
584
321
947
728
219
964
743
221
795
604
191
977
748
229
1,068
828
240
1,050
819
231
1,100
876
224
1,138
911
997
1. 055
842
213
1.119
897
222
1.002
771
231
918
610
308
712
536
176
13, 367
1,195
228
456
301
209
13, 861
1, 205
232
466
300
207
13, 270
1,081
186
428
262
205
13,536
1,268
224
482
303
259
13, 989
1,163
218
460
275
210
13, 693
1.127
239
421
265
202
13, 564
1,010
200
390
241
179
14,462
1,167
209
446
300
212
13, 268
1. 161
203
448
296
214
13,929
1, 191
218
472
304
197
14, 509
1,308
254
509
343
202
17,896
2. 172
471
834
572
295
669
1,442
4,801
4,344
1,554
681
1,506
4,929
4,463
1,614
667
1,421
4,976
4, 531
1, 543
652
1, 463
4,677
4, 223
1,574
676
] , 562
5, 066
4. 578
1,626
664
1, 592
4, 957
4,483
1, 659
660
1,646
5,0039
4, 50
1, 712
680
1,698
5,318
4. 828
1,730
647
1, 526
4, 684
4,238
1.599
667
1. 556
4,910
4.449
1,649
666
1, 486
5, 153
4, 689
1,625
906
1,533
5,194
4,679
1,713
671
1,436
5,018
4, 558
1, 566
2,267
1,320
163
371
450
2, 388
1, 390
177
3S5
472
2,075
1, 205
153
320
427
2, 299
1, 323
163
384
429
2,278
1, 3^5
160
361
458
2, 266
1, 340
141
357
450
2, 108
1, 212
148
341
474
2,444
1,408
183
390
489
2,275
1,340
172
354
437
2,417
1.404
197
378
466
2,728
1, 590
248
414
510
4.399
2, 625
307
793
724
1,872
1,094
140
289
433
20, 350
20, 276
20, 200
20, 486
20, 719
20, 666
20, 426
20,716
20, 558
21, 019
21, 000
Durable goods stores 9
Automotive group
Passenger car, other auto, dealers
Tire, battery, accessory dealers
Lumber, bldg. materials dealerscf
Hardware stores
Nondurable goods stores 9
Apparel group
Men's and boys' wear stores
"Women's apparel accessory stores
Family and other apparel stores
Shoe stores
Drug and proprietary stores
Fating and drinking places
Food group
Grooerv stores
Gasoline service stations
do
do
do.
do _ _
do
do
do
do
do
do
- do
do
do
General merchandise group 9
_-do
Department stores
do
Mall order houses (dept. store mdse.)- do
Variety stores
-- do
Liquor stores
do_.
Automotive group
Passenger car other auto dealers
do
do
Furniture homefurnishings stores
Household appliance TV radio
do
do
Lumber building hardware group
Lumber bldg materials dealerscf
Hardware stores
do
do
do
T
18,758 ' 20,584
r
r
955
624
331
'709
7-542
'167
792
605
187
910
593
'317
13,123 ' 12,636 ' 13,805
' 939 ' 1,284
1,026
205
' 179
208
'378
o()6
407
'224
313
234
T 158
260
177
2,287
1,377
r
21,533
'21,305
6,773
3, 940
3,709
231
6, 562
3,733
3,512
221
6, 606
3,717
3, 495
222
6, 941
3, 980
3,748
232
6,734
3,791
3, 556
235
6, 831
3, 935
3, 685
250
6, 855
3, 951
3,711
240
940
607
333
945
617
328
938
598
340
935
611
324
979
613
366
939
611
328
985
648
337
1,028
666
362
986
640
346
1,021
637
384
1,019
671
348
'1,062
' 699
'363
942
7'?2
220
957
736
221
940
738
202
962
750
212
958
746
212
992
771
221
975
761
214
986
764
222
994
754
240
952
716
236
949
730
219
13, 774
1,207
233
462
293
219
13, 630
1, 166
233
443
287
203
13, 688
1, 156
221
447
285
203
13, 856
1,179
222
471
287
199
13, 946
1,214
239
475
298
202
14, 104
1,259
247
480
323
209
13, 820
1,204
'238
465
303
198
13,775
1. 150
217
451
286
196
13, 824
1,186
224
463
294
205
14, 188
1,250
239
482
307
222
677
1,518
4,864
4,400
1,594
678
1,504
4,890
4,414
1,581
674
1,511
4,923
4,456
1, 584
674
1,497
5, 030
4,540
1,602
685
1, 519
4, 996
4,527
1, 612
688
1,470
4,897
4,441
1,605
683
1, 530
4,943
4,484
1,618
677
1 506
4,973
4,512
1, 638
694
1,528
4,991
4, 523
1,681
694
1,580
5,031
4,548
1,638
'666
1,548
4,991
4,513
1,658
702
1, 531
5, 157
4,655
1,654
2,474
1,457
184
397
483
2,481
1,464
181
410
471
2, 592
1,538
'197
'408
'482
2, 505
1,473
188
407
503
Qrocerv stores
Gasoline service stations
do
do
General merchandise group 9
do
Department stores
do
Mail order houses (dept. store mdse.) -do
Variety stores
do
Liquor stores
_
_ do
2,409
1,417
173
378
458
2,301
1,330
171
377
471
2, 322
1,353
163
380
469
2,409
1,414
174
389
475
2,415
1,403
185
385
481
2,475
1,452
189
387
476
2. 390
1.386
181
386
466
2,303
1,321
173
390
478
2, 355
1,355
183
381
473
7, 262
' 4, 189
r 3, 952
r
237
'1,007
' 779
'228
929
714
215
14, 145 ' 14,271 ' 14,332
1,250 '1,308
1,229
232
' 250
231
'508
481
497
'333
296
302
'217
220
220
28, 573
12, 148
5,388
1,859
2,397
28, 637
12, 080
5,318
1,870
2,415
28, 439
11, 986
5,249
1,846
2,404
28, 041
11,896
5,147
1,852
2,362
27, 957
11, 837
5,129
1,840
2,322
27, 575
11, 105
4,281
1,888
2,313
27, 894
10, 880
4,098
1,904
2,299
29, 134
11,400
4,488
1,968
2,273
29, 989
11,910
4,846
1,999
2,283
27, 826 ' 28,034 ' 28,709
11, 722 12,018 ' 12,343
5,146
5,439 ' 5, 729
1,824 ' 1, 839
1,858
2,248 ' 2, 291
2,281
15, 599
3,405
3,395
4,495
2,266
16, 104
3,477
3,546
4,629
2,395
16, 425
3,592
3,483
4,940
2, 473
16, 557
3,576
3,571
4,994
2,535
16, 453
3,542
3,581
4,953
2, 515
16, 145
3,396
3,656
4,771
2,392
16, 120
3,399
3,546
4,772
2,414
16, 470
3,629
3,486
4,959
2,518
17,014
3,858
3,530
5,255
2,704
17, 734
4,006
3.660
5,628
2,953
18, 079
4,044
3,700
5,753
3,036
16, 104
3,477
3,546
4,629
2,395
r
16, 016 '16,366 16,815
3,443 ' 3, 609 3,710
3,549 '3,639
3, 697
'4,618 ' 4, 688
4,911
r 2, 416 ' 2, 463
2,572
27, 938 28, 691 28, 066 28,061 28, 062
11,728 11, 965 11,724 11, 622 11, 584
4,861
5,224
4,948
4,897
4,869
1,899
1,872
1,894
1,855
1,842
2,349
2,314
2,336
2,324
2,327
T
Revised.
1 Advance estimate.
9 Includes data no t shown separate y.
c? Comprises lumber yards, building materials dealers, and paint, p lumbing , and ele 3trical st 3res.
t Revised (back to Jan. 1953) to reflect use of new season al factors and nevv adjustsaents
for trading day differences. Revisions for periods not shown here a ppear in the July 1963
Census report, "Monthly Retail Trade Report, Adjusted S ales, Sup plement
28, 124
11,614
4,869
1,859
2,318
28, 259
11, 673
4,922
1,862
2,299
28, 148
11,604
4,810
1,892
2,318
28, 147
11, 605
4,890
1,874
2,322
28, 357
11, 664
4,959
1,896
2,301
28, 651
11, 856
5,101
1,904
2,320
28, 691
11,965
5,224
1,894
2,314
r
29,047 ' 28,972
12, 109 ' 12,103
5,281 r«• 5, 285
1,892
1, 902
2,330 r 2, 331
_ >
Book value (seas, adj.), total
do
Durable goods stores 9do
Automotive group.
do
Furniture and appliance group..
do
Lumber, building, hardware group- -do
21,244
1,068
695
373
27, 826
11, 722
5,146
1,858
2,231
do
do
do
do
do
1
' 6, 973 i 7, 027
3, 939
3, 690
249
Estimated inventories, end of year or month :f
Book value (unadjusted), total
mil.$__ 27, 071
11,472
Durable goods stores 9
do
4,778
Automotive group
do
1,861
Furniture and appliance group
do
2,264
Lumber, building, hardware group-.-do
Nondurable sroods stores 9---.
Apparel group
Food group. _
General merchandise group _
Department stores*
13,653
i 1, 144
' 1, 875 '2,317
1,r 069 ' 1,341
' 178
146
392
'•313
445
'427
6,630
3,843
3,607
236
678
1,507
4,853
4 399
1,618
989
1
r
6, 512
3,740
3, 515
225
do
do
1
r
6, 646
3,824
3,602
222
Drug and proprietary stores
Eating and drinking places
7, 366
4,418
1
656
1,495
4, 932
4, 454
1,611
r 656
1,347
4, 849
4, 395
' 1,495
6,576
3,764
3,544
220
do
do
do
do
21,019
1
1
' 6S()
1,435
" 4, 934
' 4, 454
r
1,608
r
T
r
r
Apparel group
Men's and boys' wear stores
Women's apparel accessory stores
Family and other apparel stores
1
' 6 , 1 2 2 ' 6, 779
' 3, 708 ' 4, 106
r
3, 529
3, 894
r
212
179
1
14,217
29, 553
12, 738
5,963
1,901
2,393
29, 023
12, 275
5,471
1,914
2,335
tllevised £ eries. IDevised t o take ac"count ol the late st (1962) Annual Survey of Retail
Trade benchm ark data , and to reflect nt;w seasorlal factor s beginn ing 1956. Data f()r earlier
period s appear on pp. U >-19ofth 3 Dec. 19 33SURVE y.
**Jew serie s; for ear Her perio ds back to Dec. 1956 see p . 32 of th e Apr. 1964 SURV EY.
SURVEY OF CUERENT BUSINESS
S-12
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
May 19&4
1963
1963
Monthly
average
Mar.
Apr.
May
June
July
1964
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All retail stores— Continued
Estimated inventories, end of year or month § —
Continued
Book value (seas, adj.)— Continued
Nondurable goods stores 9
mil. $
16,210
Apparel group
do
3,569
Foodgroup.. _ _
do_ - 3,405
General merchandise group
do
4,897
Department stores*
. do
2,466
Firms with 4 or more stores:
Estimated sales (unadjusted) total
Firms with 11 or more stores :
Estimated sales (unadj ) total 9
16, 726
3,641
3,560
5,037
2,603
16,342
3,563
3,466
4.960
2,468
16,439
3,555
3,550
4.979
2,490
16, 478
3.578
3,560
4,985
2,502
16,510
3.560
3,663
4.943
2,513
16, 586
3,616
3.604
4,923
2,536
16. 544
3,600
3.546
4,931
2,531
16,542
3.619
3,541
4,976
2,556
16, 693
3,655
3,571
5,045
2,609
16,795
3,686
3,578
5,108
2,654
16. 726 '16,938 ' 16, 869
3,742 '3,755
3,641
3,560 r 3,655 '3,679
5,037 5, 095 '4.947
2.603 "2,696 '2,640
16. 748
3,692
3,679
4.938
2,580
do
5,472
5,813
5,469
5,574
5,776
5,685
5,518
6,094
5,546
5,947
6,411
8,239
5,328
' 5, 143
5,761
do
4,631
4,857
4,571
4,651
4,849
4,767
4,601
5,107
4,611
4,915
5,364
6,943
4,478
4,330
4,859
Apparel group 9
-- do
Men's and boys' wear stores _
do
Women's apparel accessory stores
do
Shoe stores
-- do. _.
307
29
124
90
316
30
134
88
283
25
116
87
353
29
141
113
315
29
135
90
307
30
130
87
263
25
115
71
310
25
138
84
309
25
128
93
311
30
131
83
348
34
152
83
567
60
246
133
247
26
97
73
228
22
95
66
365
29
147
119
Drug and proprietary stores
Eating and drinking places
Furniture homefurnlshings stores
137
100
40
144
104
42
135
102
39
134
102
38
138
107
43
141
108
41
138
111
38
143
115
44
135
107
41
138
109
51
143
105
52
226
107
51
140
102
32
138
100
39
148
111
45
1,464
901
1,585
985
295
1,974
63
91
1,329
835
241
2,067
52
77
1,501
929
294
1,862
63
92
1,491
935
276
2, 063
72
97
1,516
965
276
1.950
73
103
1.415
879
263
1,915
75
102
1.641
1,015
301
2,137
76
94
1,526
961
272
1,825
71
83
1,615
1,000
292
1,965
75
93
1,843
1,137
321
2.140
64
94
2,995
1,850
611
2,081
50
132
1,262
790
216
2,086
46
75
1,246
763
238
1.982
47
72
1,564
968
304
1, 970
52
82
do
4,778
4,705
4,730
4,848
4,914
4,983
4,871
4,809
4,922
5. 043
5,089
5,111
5, 126
Apparel group 9
IvTen'^ and boys' wear stores
TVomen's apparel accessory stores
Shoe stores
do
do
do
do
311
29
131
92
309
29
126
89
309
29
131
85
311
28
136
83
324
33
141
82
341
33
147
90
316
31
132
87
298
29
125
84
310
27
135
83
326
29
137
92
336
31
139
94
337
33
140
90
326
29
136
98
Drug and proprietary stores
Eating and drinking places
Furniture homefurnishings stores
do
do
do
140
104
40
139
103
40
143
104
40
144
104
42
145
105
40
150
107
44
147
105
42
146
107
46
144
105
44
147
106
42
152
111
41
148
110
47
157
112
40
General merchandise group 9
Dept stores excl mail order sales
Variety stores
do
do
do
1, 569
972
294
1,940
63
89
1, 503
922
287
1,946
63
90
1,512
939
285
1, 955
64
88
1.593
990
297
1.964
65
93
1,604
995
295
1,992
64
92
1.646
1.035
294
2.007
63
88
1,605
1,000
297
1,970
63
89
1,523
932
298
1,993
64
91
1,600
993
296
2,015
63
92
1.674
1,050
305
2,017
61
99
1,698
1, 057
318
2,041
63
99
1, 743
1,090
318
2,018
67
98
1, 721
1,075
319
2,055
62
96
' 14,299 115.484
8,241
6, 626
8. 058
8,858
7,441
7, 826
6,858
7,658
12,912
5,799
7,113
6,658
6,254
13,352
5 , 965
7,387
7,032
6,320
13,634
6, 160
7,474
7 902
M32
13, 799
6,339
7,460
7,147
6,652
13, 781
6, 457
7,324
7,157
6,624
14,016
6, 559
7,457
7, 264
6,752
13, 990
6,532
7, 458
7,178
6,812
14, 269
6, 559
7,681
7,381
6,888
14,361
6, 456
7,905
7,381
6,980
15, 484
6,626
8,858
7,826
7,658
48
17
49
17
48
17
47
16
49
16
48
16
49
17
50
17
48
17
50
18
50
17
49
18
49
17
48
16
50
18
43
40
17
43
39
18
42
41
17
43
40
17
43
39
18
43
39
18
43
39
18
44
39
17
42
40
18
41
41
18
43
39
18
45
38
17
43
37
20
42
39
19
43
39
18
189. 89
190. 14
190. 39
190. 61
190. 81
191. 01
191.23
- - do
do
do
General merchandise group 9
Dept. stores, excl. mail order sales
Variety stores
Grocerv stores
Lumber vards bldg materials dealerscf
Tire battery accessory dealers
Estimated sales (seas adj ) tota!9f
do
do
do
do
do
do_ ..
284
1,920
62
90
Lumber vards bldg materials dealerscf do
Tire battery accessorv 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
14, 628 '14,123
6, 259 ' 6, 083
8,369 r 8, 040
7,409 ' 7, 126
7,219 ' 6, 997
14, 301
6,138
8, 163
7,221
7,079
EMPLOYMENT AND POPULATION
POPULATION
Population, U.S. (incl. Alaska and Hawaii):
Total, incl. armed forces overseas©.
mil.. 2 186.66
2
189.38
188. 54
EMPLOYMENT
Noninstitutional population, est. number 14 years
of age and over, total, unadj
mil__ 130. 08
132. 12
131.59
74, 681
71,854
67, 846
5,190
62, 657
75, 712
72, 975
68, 809
4,946
63, 863
74, 382
71, 650
67, 148
4,337
62, 812
4,007
1,119
5.6
thous.. 55, 400
4, 166
1,088
5.7
56, 412
4,501
1, 386
6.3
57, 208
72, 460
68, 364
4,886
63, 478
4,096
1,097
Total labor force, incl. armed forces
Civilian labor force, total
Employed, total
Agricultural employment
__
Nonagricultural employment
Unemployed (all civilian workers)
Long-term (15 weeks and over)
Percent of civilian labor force
Not in labor force
thous..
do
do
do
do
do
do
Civilian labor force, seasonally adjt
do
Employed, total
do
Agricultural employment
do
Nonagricultural employment
do
Unemployed (all civilian workers)
do
Long-term (15 weeks and over)
do
Rates (percent of those in group):
All civilian workers
Experienced wage and salary workers
188. 73
188. 94
189. 16
189. 38
189. 62
131.74
131 .86
132. 04
132. 20
132.34
132. 50
132. 68
132. 85
133. 02
133. 20
133. 36
133. 52
133. 68
74, 897
72, 161
68, 097
4, 673
63, 424
75, 864
73, 127
69,061
5,178
63, 883
77, 901 77, 917
75, 165 75, 173
70, 319 70, 851
5,954
5,969
64,365 64, 882
77, 167
74, 418
70, 561
5,496
65, 065
75,811
73, 062
69, 546
5,326
64, 220
76, 086
73, 344
69, 891
5,350
64, 541
76, 000
73, 261
69, 325
4, 777
64, 548
75, 201
72, 461
68.615
4,039
64, 576
74, 514
71, 793
67, 228
3,993
63, 234
75, 259
72, 527
68, 002
3,931
64, 071
75, 553
72, 810
68, 517
4,017
64, 500
76, 544
73, 799
69, 877
4,429
65, 448
4,063
1,424
5.6
56, 843
4,066
1,292
5.6
56, 001
4,846
1,016
6.4
54, 135
4,322
933
5.7
54, 279
3,857
949
5.2
55, 178
3,516
886
4.8
56, 686
3,453
919
4.7
56, 596
3,936
864
5.4
56, 852
3,846
928
5.3
57, 824
4, 565
1, 106
6. 4
58, 685
4,524
1,163
6.2
58, 099
4,293
1,322
5.9
57, 965
3,921
1,237
5.3
57, 135
72, 902
68, 767
4,997
63, 770
4,135
1,067
73, 022
68, 720
5,030
63, 690
4,302
1,113
72, 891
68, 767
4,924
63, 843
4,124
1,080
73, 207
69, 1C1
5,009
64, 092
4,106
1,042
72, 988
68, 941
4,872
64, 069
4,047
1,083
73, 091
69, 044
4,877
64, 167
4,047
1,078
73, 168
69, 067
4,939
64, 128
4,101
1,114
73, 572
69, 222
4,903
64, 319
4, 350
1,060
73, 224
69, 205
4,890
64, 315
4,019
1,022
73, 667
69, 567
4,936
64, 631
4,100
1,105
73, 835
69. 832
4,797
65, 035
4,003
1.007
73, 760
69, 807
4' 600
65, 207
3,953
1,047
74, 583
70, 569
4, 748
65, 811
4,024
927
5.7
5.7
5.9
5.5
5.5
5.5
5.4
5.5
••Revised.
End of year.
As of July 1.
§ See note marked "f" on p. S-ll.
9 Includes data not shown separately.
*New series; see corresponding note on p. S-ll.
cf Comprises lumber yards, building materials dealers, and paint, plumbing, and electrical stores.
tSee note marked " t" on p. S-ll.
1
2
191. 44
5.5
5.5
5.6
55
5.7
5.6
5.9
5.6
5.4
5. 4
5.4
5.5
5.4
5.6
5.4
5.4
5.3
5.7
5.3
5.2
5.1
5.0
©Revisions for May 1960-Nov. 1962 are available upon request.
t Revised monthly data (back to Apr. 1948) appear in the "Monthly Report on the
Labor Force," Jan. 1964, U.S. Dept. of Labor, Wash., D.C., 20210.
SURVEY OF CURRENT BUSINESS
May 1964
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 19G3
edition of BUSINESS STATISTICS
1962 1 1963
Monthly
average
S-13
1964
1963
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.p
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Employees on payrolls (nonagri cultural estab.):t
Total, unadjusted f
.
thous__ 55, 841
r
57, 174
55, 714
56, 505
56, 967
57, 609
57,422
57,651
58, 211
58, 426
58, 220
58. 585
56, 909 ' 57, 045 r 57, 375
16, 935 ' 16, 982 '•17,054 17,093
9,666 ' 9, 676 r 9, 733
9, 797
7, 269 ' 7, 306 ' 7, 321 7, 296
57, 872
Manufacturine establishments
Durable goods Industries
Nondurable goods industries
do
do
do
16, 859
9, 493
7, 367
17, 035
9. 659
7,376
16, 756
9,508
7,248
16, 845
9, 593
7, 252
16, 960
9, 673
7,287
17,111
9, 738
7.373
17,050
9, 666
7. 384
17. 199
9, 609
7, 590
17, 398
9,801
7, 597
17, 367
9.811
7. 556
17.229
9,789
7. 440
17, 139
9, 765
7, 374
Minine, total 9
Metal mining
Coal minin 0 '
Crude petroleum and natural gas
do
do
do
do
652
83
152
299
634
82
139
293
616
79
142
288
632
82
143
290
643
83
142
295
650
84
139
300
641
84
126
302
646
85
135
298
641
84
134
295
637
84
136
290
634
84
136
292
631
83
137
295
614
82
135
290
2, 909
3,903
797
271
3, 029
3. 913
774
273
2, 556
3. 847
761
276
2, 846
3, 859
769
273
3, 049
3, 897
780
274
3, 232
3, 954
789
269
3, 364
3, 975
790
258
3, 437
3. 976
791
258
3,378
3, 982
780
276
3,333
3, 968
776
278
3. 176
3, 944
770
279
2, 925
3. 931
773
282
2, 628
3. 876
755
284
880
200
688
611
89H
210
688
612
859
208
683
605
868
208
684
603
877
209
686
607
912
211
692
619
920
212
701
626
921
212
699
626
934
212
693
618
936
212
691
611
925
213
685
611
913
214
685
610
885
215
685
609
11, 582
3, 061
8, 521
2 798
7, 949
9, 188
11.865
3. 1 13
8, 722
2, 866
8, 297
9, 535
11, 497
3. 069
8,428
2. 825
8. 076
9, 541
11,740
3, 075
8, 665
2.842
8, 199
9, 542
11,720
3, 085
8, 635
2, 858
8, 294
9, 546
11.848
3. 132
8,716
2, 885
8. 423
9, 506
11,832
3, 168
8, 664
2,916
8, 474
9, 170
1 1 . 878 11.942
3, 199
3. 196
8, 743
8, 682
2,887
2.919
8. 436
8. 457
9, 547
9. 139
12, 014
3, 208
8, 800
2, 884
8, 472
9, 751
12, 166
3, 208
8. 958
2. 878
8, 406
9. 787
12, 774
3. 238
9, ,536
2. 880
8, 379
9, 926
11.917 Ml, 837 '11,921
3, 201 r 3, 187
3, 1S6
8. 716 ' 8, 650 8, 735
2, 875 r 2, 885
2, 89,5
8, 313 '• 8, 362
8, 414
9, 751 r 9, 808
9, 840
11,974
3, 1 87
<8, 787
2*913
8, 543
9, 860
1.55, 841
do
do- .. 16. 859
do-- - 9,493
271
do
589
do
385
do
594
do 1, 164
do
57. 174
17, 035
9. 659
56, 873
17. 037
9 660
274
588
387
607
1, 174
57. 060
17,095
9, 683
276
592
388
612
1, 184
57, 194
17,075
9, 685
278
559
390
(512
1, 202
57, 340
17.103
9, 701
277
564
392
615
1, 208
57. 344
17,033
9. 652
275
578
3 93
616
1,176
57. 453
17.070
9. 705
275
588
392
610
1. 164
57, 646
17,119
9,718
5%
390
608
1, 166
56, 706
16,948
9. 586
278
597
388
597
1, 145
589
391
611
1.155
57. 580
17,061
9, 688
275
595
392
614
1, 155
57, 748
17. 127
9. 737
276
598
394
612
1, 166
57, 850 ''58,183 r 58, 268
17, 119 17,175 '17,244
9, 726 r 9, 750 '9,812
r 2<)f)
276
'270
r
596
'601
605
394
' 395
400
612
618
'622
1, 169 * 1, 177 r 1, 183
58, 471
17,285
9, 863
263
594
399
619
1, 201
Contract construction
_ do
Transportation and public utilities 9
do__
Railroad transportation
do
Local and interurban passenger transit __do
Motor freight trans, and storage
Air transportation
Telephono communication
Electric, gas, and sanitary services
Wholesale and retail trade
Wholesale- trade
Retail trade
Finance insurance and real estate
Services and miscellaneous
Government
Total, seasonally adjustodf
Manufacturing establishments
Durable ffoods industries
Ordnance and accessories
Lumber pnd wood products
FurnHur^
and fixtures
Stonr1 clav and srlass products
Prlmnrv metal Industries
do
do
do_.
do
do
do
do
do
do
do
611
83
134
' 610
83
130
287
620
r
2, 6S1 ' 2, 756 2, 95S
' 3, 879 r 3, 885
3,911
' 753
754
283
274
• 888
214
088
r
886
215
692
609
60S
Fabricated metal products
Macblrierv
- __
Electrical equipment and supplies
do
do-- do
1,128
1,490
1, 579
1. 153
1, 520
1,582
1, 136
1, 501
1,589
1, 148
1, 504
1, 595
1, 151
1, 506
1,597
1, 156
1. 508
1. 593
1, 159
1,512
1, 587
1,162
1,525
1.574
1,165
1, 531
1.574
1,164
1,545
1,571
I, 162
1,548
1. 557
1.169
1, 555
1.566
1, 164
1, 559
1, 564
1,176
' 1, 547
' 1, 559
r
r
1, 185
1 , 569
1, 561
1, 192
1,575
1, 572
Trnnsportat ion equipment
Instruments and related products
Miscellaneous manufacturing ind
do
do
do
1. 542
360
391
1. 614
372
393
1, 597
368
390
1, 623
370
390
1,614
370
393
1, 623
375
389
1, 618
375
394
1.580
375
398
1, 635
373
398
1,647
373
395
1, 619
373
398
1. 629
375
397
1,621
375
396
' 1,631
' 375
r
1,644
'377
'401
1,670
378
400
7, 367
1, 760
91
903
1,267
614
925
846
195
406
360
7, 376
1.738
89
890
1, 298
621
928
866
188
409
350
7, 362
1, 757
89
892
1, 286
619
910
859
188
411
351
7,377
1,738
90
891
1, 296
618
929
862
188
416
349
7,412
1, 743
89
889
1.317
620
934
864
188
417
351
7, 390
1.732
88
889
1, 306
620
936
868
187
414
350
7,402
1, 730
87
891
1, 317
623
935
870
188
408
353
7,381
1. 728
91
887
1,302
623
937
870
189
404
350
7,371
1, 723
86
886
1,306
622
935
869
190
402
352
7, 401
1,742
89
890
1,312
620
934
871
189
402
352
7,373
1, 733
95
889
1. 291
622
931
870
189
406
347
7, 390
1,741
91
888
1, 295
624
939
871
188
405
348
7, 393
1,741
88
891
1,299
624
940
872
186
407
345
r 7, 425
1, 743
'89
897
' 1,310
627
' 7, 432
1, 737
' 90
' 899
' 1,310
'627
'944
876
' 185
'416
348
7,422
1, 725
89
895
1,308
626
947
875
185
422
350
652
631
A/fining
do
640
639
634
2, 928
3,019
3, 005
3, 029
Contract construction _
do_. . 2,909
3, 903
3, 894
3, 909
3,890
3, 913
Transportation and public utilities
do
11,582 11, 865 11, 795 11,784 11,825
Wholesale and retail trade
do
2, 864
2,798
2, 848
2, 853
2.866
Finance, insurance, and real estate
do
7,949
8,228
8,207
8, 199
8, 297
Services and miscellaneous
do
9,188
9, 480
9, 455
9, 466
9, 535
Government
_ do
Production workers on mfg. payrolls, unadjusted :f
12, 494 12, 585 12,344 12, 426 12, 526
Total unadjusted f
thous
12, 521 12, 604 12, 647
Seasonally adjusted
do
7, 059
6,946
7, 083
6, 919
7, 010
Durable goods industries, unadjusted.. do
6, 994
7,081
7. 070
Spasonallv adjusted
do
119
120
120
118
118
Ordnance and accessories
do
526
524
500
533
511
Lumber and wood products
do
324
320
317
318
318
Furniture and fixtures
do
490
479
458
482
497
Stone, clay, and glass products _ . do
942
936
929
970
953
Primarv metal industries
do
421
424
418
437
450
Blast furnaces, steel and rolling mills do
864
884
855
880
868
Fabricated metal products
do
1,053
1, 036
1, 051
1, 052
1,056
Machinerv
do
.1, 057
1, 060
1,050
1,049
1,048
Electrical equipment and supplies do
1,061
1, 113
1, 121
1, 104
1,118
Transportation equipment 9 _.
do
534
572
564
580
575
Motor vehicles and equipment
do
356
351
353
350
353
Aircraft and parts
do
230
233
235
234
Instruments and related products
do
315
316
312
300
305
Miscellaneous mfg. industries
do
5,548
5, 526
5,425
5, 443
5, 416
Nondurable goods industries, unadj
do
5,527
5,534
5, 566
Seasonally adjusted
do
1, 155
1. 176
1,081
1.098
1,080
Food and kindred products. _
do___
79
77
69
65
67
Tobacco manufactures
do
812
797
794
796
795
Textile mill nroducts ._
_-_do_1,
125
1, 151
1, 157
1,142
1, 135
Apparel and related products
_do
488
486
482
484
483
Paper and allied products
.. do
594
590
579
588
590
Printing, publishing, and allied ind.. do
517
522
524
532
530
Chemicals and allied products
do
125
120
119
121
117
Petroleum refining and related ind do
101
95
96
96
95
Petroleum refining
do
Rubber and misc. plastic products. ..do
314
315
314
315
317
Leather and leather products
do... J
319
309
310
300
301
'Revised.
*> Preliminary.
* Total and components are based on unadjusted data.
fBeginning with the Sept. 1963 SURVEY, data for employment, hours, earnings, and
labor turnover reflect adjustments to Mar. 1962 benchmarks. The revision affects series
back to Mar. 1959 and, for seasonally adjusted data, all series beginning Jan. 1952, with only
639
3, 046
3, 919
11,864
2, 865
8, 282
9, 504
640
3, 069
3, 936
11, 884
2,870
8,349
9,489
635
3,083
3, 941
11,907
2, 873
8,373
9, 499
632
3,071
3.950
11,922
2,873
8.377
9,552
629
3, 066
3, 937
11,935
2, 887
8,430
9, 643
630
3, 057
3,928
11,941
2,887
8, 423
9, 653
630
3, 069
3. 915
11.963
2.892
8,447
9. 705
'624
624
623
3, 017 r' 3, 169 ' 3, 157
3, 934 ' 3, 932
3,923
12. 072 ' 12, 143 ' 12, 093
2, 904 ••2,911 ' 2, 918
8,474 ' 8, 515 ' 8, 551
9,718 ' 9, 712 9, 749
627
3, 124
3, 943
12, 244
2, 925
8,543
9, 780
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 i n d _ _ d o
Chemicals and allied products. _ _ _ _ d o
Petroleum refining and related ind do
Rubber and misc. plastic products
do
Leather and leather products
do
r 401
r 942
••872
185
'412
'348
r
12, 923 12, 895 12, 756 12,665 12, 472 rr 12, 518 ' 12, 588 12,612
12, 611 12, 649 12, 590 12. 653 12, 639 12, 697 ' 12, 764 12, 790
7, 204
7.180
7, 064 * 7, 075 ' 7, 131 7, 184
7, 193
7, 155
7, 110
7, 081
7, 120 r 7, 148 ' 7, 207 7, 245
7, 097
7.129
' 112
120
119
114
110
118
119
119
534
r 503
543
511
502
'504
551
522
328
332
334
328
r325
324
333
329
504
501
r 480
471
490
467
510
486
' 966
929
' 958
928
977
945
942
941
434
410
428
408
418
420
414
'898
913
907
904
891 r 892
909
904
1,056
1, 059
1,081 ' 1, 106
1,111
1, 083
1,055
1,077
1,074
1, 065
1,036
1,051 'r 1, 040 1,035
1, 067
1,062
1,149
1, 148 ' 1, 156
1, 167
1,157
1, 152
1,125
1, 163
'604
599
r 598
608
584
605
612
612
361
363
'360
357
363
356
••360
366
'238
240
241
237
238
240
237
240
342
'309
294
' 305
341
337
312
313
5, 691
5, 576
5,730
5, 408 'r 5, 443 ' 5, 457
5, 428
5, 510
5, 539
5,514
5, 509
5, 519
5, 549 ' 5, 557 5, 545
5, 524
1, 248
1,169
1,285
1,064 ' 1, 059 1,066
1,081
1, 128
94
87
74
95
70
76
83
66
804
802
' 799
803
788 r 795
795
797
1,180
1,161
1, 180
1, 174 ' 1, 178 1, 145
1, 150
1,136
492
493
495
484
' 485
483
491
486
597
599
598
-594
' 599
602
592
599
522
527
526
522
519
' 521 •• 528
535
121
120
118
114
114
114
116
115
94
95
94
93
'93
92
93
92
315
317
318
'317
313
7-315
315
319
311
309
309
307
304
308
308
301
minor revisions> prior to that tim e. Revi sions nol shown iire avail ible in t be 19630. lition of
BUSIN ESS STAT ISTICS an d in BL£ Bulletiri 1312-1, *p]mplo> ment an d Earniiigs Stati sties for
the U nited S in- tes, 1909 -62, "6 54 pp., $3.50, GPO, Wash., ).C., 20402.
9 In cludes d ata for i ndustrie 3 not shf HVTI sep£irately.
12,652
12,628
7,138
7, 086
118
523
322
508
984
458
894
1,055
1,057
1,121
581
352
239
316
5,514
5,542
1, 146
64
802
1, 140
492
592
527
122
96
319
310
12, 571
12, 650
7. 056
7,103
118
528
321
512
970
453
879
1,041
1,040
1, 099
565
350
237
312
5,515
5,547
1, 188
63
792
1,133
487
589
525
122
96
307
309
12, 705
12,575
6,995
7.051
118
547
331
516
946
429
889
1,044
1,048
984
450
351
240
332
5,710
5, 524
1, 272
88
803
1, 183
495
592
528
123
96
310
316
SURVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1964
1963
1963
Monthly
average
May 1004
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
2, 293
241
Apr, p
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Miscellaneous employment data:
Federal civilian employees (executive branch) :
United States
_
thous.
Wash. B.C., metropolitan area
...-do
2,311
230
2 328
239
2,304
235
2, 315
235
2,311
235
2.335
243
2,344
246
2.337
944
2.312
239
2, 314
240
2,313
240
i 2, 452
i 243
2.293
239
2. 291
240
720
79. 5
698
- 77.1
685
75.6
694
76. 5
705
76.9
715
77 3
714
77 5
714
78 °
703
78 *>
699
78 5
694
79.3
693
79.5
P 680
P 73.9
P645
"74. 4
116.4
113.7
90.5
127. 0
118.0
90.6
100.2
114 1
85.0
115. 5
114 4
89.2
128.3
117 4
92 1
138.9
119.9
95. 9
146. 8
118.1
90.2
152.2
118.2
93 1
149. 5
122. 6
94.0
149. 7
122.6
92 8
131.5
121. 5
90. 5
119.2
122. 4
91.4
102. 4
117.7
87.8
' 109. 2
119.4
r
86. 9
40. 4
40. 4
2.8
41. 1
40.2
40 5
2.6
40. 8
39.9
40 1
2.4
40. 6
40.5
40 5
2.8
41.2
2. 9
9 7
2.5
2.9
40.5
40,4
2.9
41. 1
41.2
2,9
40. 5
40. 3
2.9
41.0
41.0
3.0
40. 7
40.7
3.1
41. 3
41.3
3.2
40.7
40.6
3. a
41.4
41.2
3.2
40.5
40.5
3.0
41.2
41.1
3.2
40.8
40.5
3.1
41.6
41.5
3.3
39.8
40.1
2.8
40. 8
40. 5
3. 0
41.6
41.3
3.2
40.3
40. G
2. 8
40.9
4(1 (i
40. 8
2.9
4LO
41. 3
2. 8
O r d n a n f e and accessories .
_ ... d o _ _
Lumber and wood products _ . .. do
Furniture and
fivtures
do
Stone, clay, n n d rdass products
do
Primary metal Industrie 5 3
do
Blast furnaces, steel and rolling' mills. do
41.1
39.8
40.7
40. 9
40. 2
39. 0
41. 1
40. 1
40.9
41.3
41. (i
40. 0
40. 9
39. 3
40.2
40. 6
40.7
39. 8
40. 4
39. 6
39. S
41. 1
41.5
41.8
41.0
39. 9
40. 2
41.9
41. 6
41.3
41.2
40. 9 |
40. 9 :
42.1
42. 2
40. 6
40. 6
41.2
40.8
41.6
42. 1
40. 4
38.7
40.8
39. 7
41.3
41.5
40. 6
39. 0
41.5
40. 0
41.9
40. 6
41.3
39. 5
r
40. 3
41.9
41. 1
40. 5
41.3
40.8
41,6
41. 8
40. 7
39. 3
40. 8
39! 4
39.8
41.1
40.0
r
r
H o
41.0
40. 0
41.6
41.9
40. 6
39. 4
40' 7
40. 7
41. 1
40.0
Fabricated metal products
Machinery.
_ . ___
Electrical e o u i p m e n t and supplies
do
d o ._
do
41.1
41.7
40. 6
41.4
41.8
40. 4
40. 8
41.7
40. 1
40.6
41. 4
39.7
41 5
41. 2
41.7
40.2
41.6
40. 3
41. 9
41. 9
40.7
41.8
41.8
40.6
41.5
41 . 8
40.4
41.9
42. 5
40. 8
40. 9
41.8
40. 0
41.2
M2.3
r
40. 2
r
il> 3
41. 7
42.1
40 (>
Transportation e q u i p m e n t 9
Motor vehicVsand equipment
A i r P r a ft n n d p a r t ^
I n s t r u m e n t s and related products
Miscellaneous mfr. industries _
do
do
do
do
do.._
42. 0
42. 7
41.8
40.9
39. 7
42. 0
42. 8
42 ^
43. 1
41 2
10 7
3<) T
12
i-i
41
10
<9
42. 0
42. 8
41.4
40. 7
39. 2
40. s
40. 3
41.5
40. 7
39. 8
41.9
42. 1
41. 7
41.1
39.9
42.7
43.9
41.6
41 . 1
40.1
42.8
44.3
41.4
41.!}
39. 8
43. 0
44.7
41.5
41.0
39. 8
41.5
42. 2
41. 1
39. 8
38.4
r
r
41. 5
40. 8
39. 6
41. 2
41.7
42, 2 ! 4 1 . 4
41.3 1 41.0
40. 8
40. 3
39. 0
39. 6
do
do
do--_
do
do-do
dodo- --
39. 6
39. r,
2. 7
40. 9
38.6
40. 6
36. 2
42.5
2. 7
40. 9
38. 6
40.6
36. 1
42.7
3)
W
2
40
3s
40
36
42
•5'J S
3'* (>
J ^
41.2
10 3
41 ,)
3b 3
13 0
39. 8
39. 5
2.8
41.4
38.8
40. 4
36. 3
42.9
40. 0
39. 6
2.8
41.4
40. 2
40.7
36.8
43. 1
39. 9
39.7
3.0
41.6
39.7
40. 6
36.3
43.2
39 9
39.8
•> q
41>2
39.7
41.3
36.3
43.2
39. 6
39. 5
2.8
41.0
38.9
41.3
35.8
42.8
39. 9
39.6
2.8
41.1
39. 4
41.3
35.9
43.0
38, 7
39. 1
2.5
40. 3
36. 9
40.0
33.9
42.1
Railroad
employees (class I railroads) :
Tota 1
- do
Index, seasonally adjusted
1957-59 = 100. -
2
p
p 678
74. 9
INDEXES OF WEEKLY PAYROLLSf
Construction (construction workers) t-1957-59=100..
ATanufacturin r (production workers)!
do
Min in £ (production workers)!
do
113.5
120. 4
So. 4
r
"m.T
HOURS AND EARNINGS!
Average weekly cross hours per production worker
on payrolls'of nonagric. estab., unadjusted:!
All m a n u f a c t u r i n g estab., unadj.f
hours..
\ v e r a f c overtime
- .
Durable eoods industries
Seasonally adjusted
\veraere overtime
.
..
Nondurable goods industries, unadj
Seasonally adiusted
Average overtime
_ _ _. _
Food and kindred products
Tobacco manufactures
.
Textile mill products
Apparel and related products
Paper and allied products . . .
do_
._do___
do
_ do_.
.
Printing publishing, and allied ind
Chemicals and. allied products
Petroleum refining and related ind _
Petroleum refining
Rubber and misc. plastic products
Leather and leather products
Nonmanufacturing establishments:!
Minine9
Metal minlnsr
Coal mining
Crude petroleum and natural gas
do
do-.do
do
do
do
38. 3
41.5
41.6
41.2
41. 0
37.6
39. 4
39 8
2. e
40.4
37.3
40. 3
36.6
42. 5
-1! S
38. 9
39. 3
2.4
40.0
34. 7
39.8
35. 6
41.9
0
7
6
s
7
6
4
5
,4
2 :
4
*)
7
40. 8
38.3
41.5
41.7
41.4
40.8
37.5
38.4
41.4
40.7
40.9
40.7
36.9
38.1
42.0
42. 2
42.2
40. 1
35.5
38.4
41.7
41.9
41.4
40.5
36.6
38.3
41.7
42.3
41.6
40. 7
37.9
38.2
41. 6
42. 4
41. 6
40.5
38.0
38.5
41.4
41.6
40.6
41.0
38.3
38. 6
41.5
42.2
41.7
41.4
37.5
38.4
41.4
41.7
41.0
41.1
37.8
38. 2
41.4
41.5
41.5
41.0
37.2
38.9
41.7
41.4
41.5
41.7
38.9
37.9
41.1
41.3
41.4
40.5
37.4
41.6
41.2
38.8
42.1
40.5
41.1
36.7
41.8
41.3
40.8
38. 1
41.9
41.9
41.3
39.4
41.9
42.7
41.7
41.0
42.3
41.2
40.8
42.1
41.6
39.2
42.1
42.3
41.3
39.0
42.5
41.3
41.2
37.8
42.2
41.6
42.1
39.7
42.3
41.2
42.3
39.3
41.9
42.4
do
do
do
do
37.0
35.6
40.5
36.3
37. 3
36. 0
41.3
36.5
36.2
35.2
39.1
35.8
37.3
36.2
41.2
36.5
38.0
36.6
41.9
37.1
38.4
36. 6
42.9
37.5
38.5
37.0
43.2
37.4
38.8
37.2
43.5
37.5
38.3
36.6
42.9
37.2
38.9
37.3
43.6
37.7
36.4
35.1
40.0
35.7
35.3
34.3
36.7
35.5
34.1
32.8
36.6
34.1
Transportation and public utilities:
Local and suburban transportation
do
Motor freight transporatlon and storage-do
Telephone communication
do
Electric, gas, and sanitary services
do
Wholesale and retail trade
do
Wholesale trade
do
Retail trade^
do
42. 6
41.5
39.9
41.0
38.7
40.6
37.9
42.2
41.6
40.0
41.2
38.6
40. 6
37.8
41.9
41.2
39.6
40.9
38.4
40.4
37.5
42.0
41.2
39.5
41.0
38.5
40.4
37.7
42.7
41.6
39.7
41.0
38.5
40.6
37.6
43.0
42.2
40.0
41.3
38.9
40.7
38.1
42.6
41.7
40.3
41.2
39.2
40.8
38.5
42.5
42.3
40.1
41.3
39.2
40.7
38.5
42.1
42.0
40.5
41.4
38.6
40.6
37.7
42.0
42.3
40.4
41.4
38.4
40.7
37.5
41.8
41.3
40.8
41.4
38.3
40.5
37.3
41.9
41.9
39.6
41.5
38.8
40.9
38.0
42.0
40.5
39.3
41.5
38.1
40.2
37.1
Services and miscellaneous:
Hotels, tourist courts, and motels
do
Laundries, cleaning and dyeing planlscf- do
39.1
38.9
39.0
39.0
38.4
38.6
38.4
39.4
38.6
39.5
38.5
39.6
40.3
39.1
40.6
39.0
39.2
39.1
39.1
39.0
38.8
38.8
38.6
38.9
38.8
38.0
Average weekly gross earnings per production
worker on payrolls of nonagric. estab.:!
All manufacturing establishments!
dollars-- 96.56
104. 70
Durable goods industries
do
116.31
Ordnance and accessories
do
79.20
Lumber and wood products...
do
99.38
108. 09
119. 60
81.80
98.09
106. 49
118. 20
77.81
97.36
106. 37
115.14
78. 41
99.23
108. 36
117.67
80.60
100. 37
109. 82
118. 24
82. 62
99.23
108. 09
117. 74
82.42
98.42
107. 01
119.31
84.45
100. 53
109. 45
121.01
86.50
100. 53
109. 71
121.13
85. 68
100. 85
110. 00
120. 36
82.97
102.41
111.90
123. 26
83.20
99.90
109. 21
121.18
79.90
r
do
do
do
79.37
98.57
119. 80
81.39
102. 42
124. 64
79.19
99.47
122. 91
78.01
101.11
127. 82
79.60
103. 07
127. 30
81.39
104.41
129. 55
81.19
104. 33
125. 77
83.20
104. 33
123. 02
84.03
104. 50
123. 73
84.03
105. 67
122. 41
83.43
103. 75
123. 42
85.06
101. 50
126. 38
79.59
99. 50
125.77
r
Fabricated metal products
Machinery
Electrical equipment and supplies
do
do
do
104. 81
113.01
97.44
108. 05
116. 20
99.38
105. 67
115.51
97.84
104. 75
113.85
96.87
108. 32
115.79
98.74
108. 84
117.04
99.88
107. 53
115. 51
98.89
108.32
115.23
98.74
110. 20
117. 32
100.53
109. 93
117.04
100. 28
109. 56
117.88
100. 60
111.04
120. 70
102. 41
108.79
118.71
100.40
r
r
Transportation equipment
Instruments and related products
Miscellaneous mfg. industries
do
do
do
122. 22
99.80
78. 21
126. 42
101.59
80.39
123. 85
101. 18
80.39
121.54
99.14
79.17
125. 76
100. 94
79.40
126. 90
101. 84
80.19
125. 58
100. 94
79.18
121.58
101.34
79.60
127.80
102. 75
80. 60
131.52
102. 75
81.40
132. 68
102. 91
81.59
133.30
102. 91
82.39
127.41
99.90
79.87
r
1
.
_. _
Revised.
*> Preliminary.
« Average for 11 months.
Includes Post Office employees hired for the Christmas season; there were about 144,000
2 Based on unadjusted data.
Such
employees in the United States in Dec. 1963.
40. 2
39. S
40. 6
40. 8
41. 4
40.6
40.2
39.9
40.9
41.3
41. s
41.3
42.5
40. 2
41.4
42. 4
40. 2
r
41.0
r
40. 5
39. 5
"r 4 1 . 3
41.6
r
40. 9
40. 4
r
39. 6
41.9
42. 7
41.2
40. 4
39. 4
39.4
39.9
2. 6
40.2
35. 3
40.9
36.3
42. 5
r
39. 5
<"39. 9
2. 6
r
40. 0
r
37. 8
40. 7
r
36. 5
42.3
39. 3
39. 7
r
r
r
41.5
42. 2
r
r
r
r
r
r
r
38. 2
41.3
41. 4
'41.3
r
40.6
r
38.2
42.0
41.0
38.0
42.6
Furniture and fixtures
Stone, clay, and glass Droducts
Primary metal industries
r
r
r
41.0
41.5
"36. 6
42.0
Contract construction
General building contractors
Heavy construction
Special trade contractors
40. 4
40.6
2.8
41.2
41.3
3.0
r
do
do
do
do
a
40. 4
40. 7
'
"
2. 8
r
41.0
r
41.
2
r
2. 9
41.4
42. 4
38. 2
42. 3
41.0
42.4
36.4
42.2
35.9
35. 1
38. 9
35.4
36.5
35.9
39.2
35.9
41.5
41.0
38.2
40.3
'37.2
40.7
41.2
39.8
41.1
38. 1
40.4
37.1
'•39.1
38.3
39.1
38.6
r
r
r
r
r
r
41.0
r
39.6
r
101. 15 T 101.40
109. 88 110. 29
119. 29 '119.39
' 81. 97 ' 81. 99
r
r
T
38. 5
41.6
41. 5
41.3
40. 6
37. 7
82. 21
101. 75
126. 18
r
r
r
82. 01
102. 00
127. 51
40^3
39.0
40.6
36.1
42.2
38.5
41. 5
41.6
41.4
40.7
35.2
101.81
111.24
118.99
82.59
83.03
103. 66
129. 58
109. 18 * 109. 86 110. 12
120. 56 ' 121. 55 121.26
100. 90 T 100. 90 100. 90
126. 99
101. 66
82.16
r
r
126. 38
101. 40
* 82. 37
128.63
101.81
81. 95
!See corresponding note, bottom p. S-13.
9 Includes data for industries not shown
separately.
§Except eating and drinking places.
cf Beginning Jan. 1964, data relate to nonsupervisory workers and are not comparable
with the production-worker levels for earlier periods.
SURVEY OF CURRENT BUSINESS
May 1904
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1963
S-15
1963
Monthly
average
Mar.
Apr.
May
Juno
July
1964
Aug.
Sept.
Nov.
Dec.
88.98
94. 35
71.46
71.04
64.25
89.10
95.94
73. 13
90.
90.
74.
72.
03.
108. 43
111.74
113. 85
131.77
101.93
67. 66
107.43
Oct.
Tan.
Feb.
Mar.
Apr.?
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Average weekly gross earnings per production
worker on payrolls of nonagric. estab.t — Con.
All manufacturing estab.t — Continued
Nondurable eroods industries
dollars
Food and kindred products
do
Tobacco manufnctures
do
Textile mill products
do
Apparel and related products
do
Paperand
allied products
Prin+in 0 " publishing and allied ind
Chemical? and allied products
Petroleum refining and related ind
Rubber and misc. plastic products
Leather and leather products
- do
do
do
do
do
do
Nonmanufaeturing establishments:!
\Tin'n^9
Metal mining
Coal minimr
Crude petroleum and natural gas
Contract construction
Hen oral buildin^ contractors
TTeavv construction
Special trade contractors
do
do
do
do
- -
do
do
do
do_ _ -
85. 54
91.62
71.41
68.21
61.18
87.91
94.48
73. 73
69. 43
62. 09
86. 68
102. 00
107. 62
109. 98
104. 13
64. 67
105. 90
110.30
112.88
131.77
100. 78
66, 00
110 70
114.40
117.45
I I S bh
126.88
100.04
87. 52
104. 55
128. 61
100. 12
64. 58
102. 24
108. 97
113.40
133. 77
98. 25
62. 13
112
117
117
Ill
7-.
50
7»
4i
114 39
124 us
11", si
128 06
117 S5
O 9t
73.11
68. 51
62.59
110.21
111.37
78.17
69.02
61.52
110.21
112.59
131.57
99. 23
64. 42
88. 36
95.17
81.81
69. 70
61.35
88. 36
95. 63
78. 76
68. 68
61. 71
88.40
93. 98
73. 57
69.19
63. 30
106. 21
110.69
113.42
133. 25
100. 53
66. 70
106. 82
110.02
113. 98
133. 98
100. 04
66. 12
107.32
111.27
113.02
130.21
100. 86
67.41
117 Si
US s,
12s 74
113 3t>
1 12 Of)
IK) 09
10S 19
112 ,31)
115 Os
11s Os
1 30 90
120 ' 2
70
0'
03
_i
1 32 90
121 s^
13') S5
13b 11
Io2
1»
Io7
137
103
IIS
102
121
103
119
102
121
>
71
20
-tJ
119 95
111 It)
110
118
1M
110.
12_
112
122
128
1 >7
117
l_s
1 ii
1" 72
113 34
117 30
130 3'
1">2 3f
HI 40
134.67
12)
Us
H2
135
')')
114
100
119
100
115
Q9
119
102
117
K.I
110
4s
31
24
72
103 (.3
! 1 S 5S
li 2 (Ml
121 42
47
^0
,M
50
_ __ do
do
- do...
">7
72
04
>><)
'Ol 70
117.31
ML' 1o
1.1 13
97
47
77
77
94.66
113 OM
109 20
Transportation and public utilities;
100 11
Local and suburban transportation. ...do
Motor froieht transportation and storage-do _ _ . 113 30
QS 95
Telephone communication
do
Flectric pas and snnitarv services
do. _. l i t , S5
Wholesale and retail trade
Wholesale trade
Retail trade 5
85. 97
92.40
68. 71
67 26
60. 16
93.32
72
9^
r
^s
02
3s
30
04
31
117.71
1 >2 1 4
110 62
79
5s
13
75
ir> 22
0)
S5
3f>
13
us is
113 1>
89.38
95.68
71.46
69. 83
64.25
108.43
72 28
03^ 01
17
59
80
09
54
108. 30
113.85
113.98
115.09
132. 39
102. 91
66. 59
132. 89
105. 08
09. 03
116 7")
120 t)0
121 08
113.05
113 99
119 89
117 94
llh
122
125
i13
13764
131
U4
13s
139
9S
"S
m
49
125
IK)
124
131
5S
53
0!
3S
!()*>
120
105
123
102
1.'.
l'i<>
122
^
13
'4
9f)
102
117
!')()
1-5
41
«)
<)S
7)
112. 71
114.13
134.20
102.67
67. 13
117.04
121 Oo
123 48
113 t)7
30
12
30
37
110. 78
113.10
48
il
si
79
87. 85
95. 91
72. 09
1- H
1^ 17
H3 4S
r
89. 07
95. 60
75. 60
71.03
r 04. 97
89. W
90. 32
79. 1 7
71.40
03. 54
100.00
110.07 '111.93 r 113. 58
113.85 r 113.99 "•114.40
114. 13
70.40
00. 00
r
r
132. 10
101.25
06. 95
r
1 ! 5 3<> 11".
123 09 122
r
124 )7 i 2 1
112 71 112
09
VI
09
')4
113
122
11"
112
10
"t
02
25
1 >7
Us
123
1.3
»W
29
31
SI
12s
120
121.
1M
12
27
~>J
<>}
(
»S
1 19
30'
12'
4i>
S(>
is
71
111.52r
Us 9
129 24
10,3 o2
I K5. 24
124 09
101 » s
Us 49
KL' f.
' 2 3 00
77 ( 0
101 4,3
OS 40
7S 11
l(h) I n
OS 2o
<S ( 9
10i) 7"
Os S2
7S 11
10! 00
OS 2<>
70. 13
>7 07
70. 70
77.08
70. 50
47. 70
54. 00
48 09
54.81
io is
132.70
101.75
132. 07 ' 131. 50
r
101. 09
101. 50
08. 70 T 08. 24
r
21
h7
&
"2
102
12)
1 )3
'2-i
100.77
113.58
100. 09 '107. 10
122 Os
1
89. 04
95. 08
68. 84
71.98
04.01
r
05. 88
, 5 OS
%
~>
( 5 0*
77 59
9 ) 47
Vs (,4
7< 42
«". 5S
60 7 e
7f 6 '
9s 5S
6" IS
77 ,]')
99 17
67 f S
7s 19
10') 12
O1- 9t>
7S 7 i
*' » 55
<>Q 30
"s 4 9
(
u 72
h<) 30
7s 30
100 1)9
OS 61
77 °5
100 94
OS 2",
71.80
93 46
74, 97
% 98
74.23 ! 74.23
9^; 71 ;
cv~ /i/i
74. 40
95 57
74. 40
90. 13
74. 77
90. 65
74. 40
96. 66
75. 14
90. 72
96. 79
90 SO
46. 14
50. 57
47. 58
51.87
46. 85
50. 95
46. 08
52. 40
47. 86
52. 54
47. 36
52. 67
47. 96
52. 00
48.31
51.48
48.22
52. 00
48. 09
51.87
51.99
47 80
52. 13
47 72
53. 58
2.39
2.31
2. 56
2.48
2. 46
2.37
2. 03
2.44
2. 36
2. 61
2. 53
2.44
2.37
2 62
2. 54
2.45
2.37
2.63
2.54
2. 46
2.37
2.64
2. 54
2.45
2.37
2. 63
2.54
2.43
2.35
2.61
2. 52
2.47
2.38
2. 65
2.55
2.47
2. 38
2. 65
2. 55
2. 49
2. 40
2. 67
2.57
2. 51
2.42
2. 09
2. 58
2.51
2. 43
2. 69
2. 00
2. 51
2.42
2.08
<- 2. 59
2. 51
2.43
2. 09
2.00
Ordnance and accessories
do
Lumber and wood products
do__
Furniture and fixtures _ . _ _
do
Stone, clay, and glass products
do
Primarv meta^ industries
do
Blastfurnaces, steel and rolling mills_do
2.83
1.99
1 95
2.41
2.98
3.29
2. 91
2. 04
1 99
2. 48
3. 04
3.36
2.89
1.98
1.97
2. 45
3. 02
3.34
2.85
1.98
1.96
2. 46
3.08
3.44
2. 87
2. 02
1.98
2. 46
3. 06
3.38
2.87
2.02
1.99
2.48
3. 07
3. 39
2.90
2. 03
1. 99
2.49
3. 06
3.37
2. 91
2. 08
2.00
2. 49
3. 03
3.33
2.93
2.12
2.02
2.50
3.04
3.35
2.94
2.10
2.02
2.51
3. 03
3.33
2. 95
2. 09
2.50
3. 04
3.33
2. 97
2. 08
2. 03
2. 50
3. 00
3. 30
2.97
2. 07
2. 02
2. 50
3. 06
3.35
<~ 2. 90
2.07
2. 02
2. 50
3.07
3.37
2. 97
2. Of)
2. 02
* 2. 50
r
3. 08
3. 37
Fabricated metal products
Machinery
Flectrical equipment and supplies
Transportation equipment 9 _ ._ _
Motor vehicles and equipment
Aircraft and parts _ _
._ __
Instruments and related products
Miscellaneous mfg. industries _ __ ._
do
do
do
do_
do
do
do
do_.
2.55
2.71
2.40
2.91
2.99
2.87
2.44
1.97
2. 61
2 78
2.46
3. 01
3.10
2. 95
2.49
2. 03
2.59
o 77
2.44
2.97
3.04
2.91
2.48
2.03
2.58
2. 75
2.44
2.95
3.03
2.90
2.46
2.03
2.61
2.77
2.45
2.98
3.06
2.92
2.48
2.01
2.61
2.78
2.46
3.00
3.07
2.94
2 49
2.61
2. 77
2. 45
2. 98
3.04
2. 96
2. 49
2. 00
2.63
2.80
2.47
3.05
3.14
2.99
2.50
2.02
2.63
2.80
2.47
3.08
3.18
2.99
2. 50
2.03
2.64
2. 82
2.49
3.10
3.21
3.00
2.51
2.05
2. 05
2.84
2.51
3. 10
3.21
3.01
2.51
2.07
2. 66
2. 84
2.51
3.07
3.17
3.01
2.51
2 08
2.05
2.85
2. 51
' 3. 06
2^02
2.61
2.77
2. 46
2.99
3.05
2.95
2.48
2.02
'3.02
2.51
2.08
2. 00
2. 80
2.5]
3. 00
'3. 14
3.01
r
2. 51
2.08
2. 60
2. 80
2. 51
3.07
3.17
3.01
2 52
2'. 08
do
do
do
do
do__
do
do
2. 16
2 09
2.24
1.85
1.68
1.69
2.40
9 9Q
2 15
2.31
1.91
1.71
1.72
2.48
9 13
2.31
1.96
1.70
1.71
2.45
9 91
2.14
2.31
1.98
1.69
1.69
2.44
2 'n
2.14
2.32
2.02
1.70
1.69
2.46
2 22
2! 14
2.31
2.03
1.70
1.69
2.47
2.22
2.15
2.31
2.03
1.70
1.70
2.49
2.21
2.13
2.23
2.16
2.29
1.80
1.72
1.77
2.51
2.25
2. 17
2.34
1.88
1.75
1.76
2. 51
2. 20
2. 19
2.35
1.90
1. 70
1.77
2.52
2 27
2'. 20
2.38
1.97
1.76
1.77
2. 52
2 20
2.19
2.38
1.95
1.70
1.78
2. 52
r
2.27
2.20
2. 39
L83
1.70
1.72
2. 49
2.24
2.16
2.30
1.80
1.72
1.77
2.51
1.70
1.78
2.52
2.28
2.21
2.39
2.03
1.70
1.70
2.53
do
do
do
do
do
_do
2.81
2.65
3. 05
3.19
2.44
1.72
2.88
2 72
3.16
3. 32
2.47
1.76
2.87
2 69
3. 16
3.30
2.46
1.75
2.86
2 70
3. 17
3.34
2.45
1.75
2.87
2.70
3. 14
3.31
2.45
1.76
2.89
2.72
3.15
3.33
2.47
1.76
2.88
2.74
3. 10
3.34
2.47
1.74
2.89
2.73
3.13
3.31
2. 46
1.76
2.92
2.75
3.18
3.35
2.48
1.79
2.91
2, 75
3.16
3.33
2.48
1.79
2.90
2.75
3.19
3.36
2.51
1.79
2.93
2. 70
3.21
3.37
2.52
1.79
2.92
2. 77
3.20
3.35
2. 50
1.79
2.93
2.70
3. 19
r
2.95
2. 75
'3.17
'3.33
' 2. 50
'1.81
2. 95
2. 75
3.19
3. 35
2. 50
1.82
2.70
2.83
3.09
2.60
3.31
3.16
3.02
3.54
2.75
2.88
«3. 12
2.66
3.42
3. 27
3.10
3.66
2 74
2.88
3.10
2.65
3.39
3.22
3.00
3.64
2 73
2.88
3.09
2.66
3.34
3 20
2.97
3.60
2 73
2.85
3.10
2.64
3.37
3 22
3.03
3.63
2.76
2.85
3.14
2.68
3.38
3.24
3.08
3.62
2.72
2.86
2.65
3.40
3. 26
3.13
3.64
9 74
2.88
3.11
2.66
3.42
3.28
3.15
3.66
2 78
2.91
3.15
2.70
3.47
3.33
3.19
3.70
*> 76
2 92
3! 12
2.66
3.47
3.34
3.18
3.70
2.76
2.91
3.12
2. 68
3.45
3.32
3.10
3.08
2.80
2 91
3.17
2.69
3.54
3.38
3.22
3. 70
2 80
2. 91
3.18
2. 69
3.58
3.40
3.25
3.79
2 78
2.89
3.17
' 2. 07
3. 54
3.37
'3.17
3.78
2 70
2.89
3.10
2. 00
3.51
3 35
3.10
3.75
2.35
2.73
2.48
2.85
2.41
2.82
2.56
2.94
2.38
2.79
2.54
2.91
2.39
2. 80
2.53
2.91
2.40
2.82
2.55
2.92
2.41
2.81
2. 55
2.94
2.42
2.85
2.54
2.94
2.43
2.83
2.55
2.94
2.43
2.86
2. 60
2.98
2.44
2.84
2.60
2.97
2.45
2.84
2.00
2.99
2.44
2.88
2.01
3.01
2.40
2.87
2.60
2.99
2.45
2.89
2 59
' 3. 00
2.42
2.91
2. 00
3.01
1.94
2.01
1.99
1.99
2.01
Wholesale and retail trade
do
2.37
2.44
2.44
2.45
2.45
Wholesale trade __
do
1.74
1.80
1.78
1.79
1.80
Retail trade §
do
Services and miscellaneous:
1.18
1.22
1.22
1.20
Hotels, tourist courts, and motels
do
1.32
1.30 i
1.33
1.33
Laundries, cleaning and dyeing plants Ado
1.33
r
Revised, v Preliminary. ° Average for 11 months. § Ex •ept eatii ig and dr inking p aces,
! See corresponding note, bottom p. S-13. 9 Includes lata
< for i idustriee not sho\vn sepan itely.
2.01
2.46
1.81
2.01
2.44
1.80
2.01
2. 45
1.80
2.03
2.48
1.82
2.03
2.48
1.82
2.03
2.49
1.83
2.00
2.48
1. 80
2.05
2.49
1.84
r 2. 06
' 2. 50
1.85
2. 05
2. 50
1.84
1.19
1.33
1.19
1.32
1.23
1.33
1.23
1.33
1.23
1.34
1.24
1.34
1.23
1.41
1.22
>• 1.41
1.23
1.42
Finance, insurance,
and real estate:
Pankin" 1
do
Insurance carriers
do__ Services and miscellaneous:
Hotels, tourist courts, and motels
do
Laundries, donning and dyeing plants Ado
Average hourly irross earnings per production
worker on payrolls of nonagric. estab.:t
All m arm Torturing
establishments!
dollars..
Exoludin 0 " overtimed 31
do
Durable goods industries
do_ .
Excl udin g o vertim e d"
do
Nondurable goods industries
_
Excluding overtimed*1
Food and kindred products
Tobacco manufactures
Textile mill products _ _ _
Apparel and related products
Paperand allied products
Printing, publishing, and allied ind
Chemicals and allied products
Petroleum refining and related ind
Petroleum refining
Rubber and misc. plastic products
Leather and leather products
Nonmanufacturing establishments:!
Mining 9
Metal mining
Coalmining
_
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
Flectric, gas and sanitarv services
do
a
t
(
i.«
1.23
1.33
1
100 s5
OS 2n
74.97
(
r
"•3.14
r 3. 34
2. 49
1.80
!
r
r
2.00
2.44
2.70
2. 00
2. 90
2. 07
2. 03
3! 10
d"I) i rived b>' assumiiigthat o rertime 1lours are paid at t ie rate of time am 1 one-half. AFffectivc Jan. 19 64, data relate to nonsupc'rvisory workers and are not com jaruble ^ vith the
produ ction-wo rker leve Is for ear Her perio ds.
SURVEY OF CURRENT BUSINESS
S-16
1962
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
j 1963
Monthly
average
May 10G4
1964
1963
Mar.
Apr.
May
June
July
Aug.
Oct.
Sept.
Nov.
Dec.
Jan.
Feb.
3.149
4. 636
1.14
3. 157
4.640
Mar.
Apr.
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Miscellaneous wages:
Construction wages, 20 cities (ENR): §
Common labor
$ per hr_.
Skilled labor
. ___do
Farm, without board or rm., 1st of mo
do
Railroad wages (average, class I)
do _ _
Road-building, com. labor (qtrly.)
do
LABOR CONDITIONS
Help-wanted advertising, seas, adj t-1957-59 = 100..
Labor turnover in manufacturing estab.: f
Accession rate, total _ _ mo. rate per 100 employees..
Soasonallv adjusted
do
New hires
- do _ .
Separation rate total
do
Seasonally adjusted
do
Quit
do
Lavoff
do.. .
Seasonally adjusted
do
Industrial disputes (strikes and lockouts):
Beginning in month:
Work stoppages
number..
Workers involved
_ .thous .
In effect during month:
2. 946
4. 348
i 1.01
2. 740
i 2.31
3. 078
4. 525
i 1. 05
2. 770
i 2.38
110
109
4.1
3.9
2. 5
4.1
2, 4
1.4
2.0
1.4
1.8
3.9
301
102
f 280
r90
3.016
4.454
1.11
2. 756
3. 014
4. 454
2. 773
3. 060
4. 480
3.072
4.487
2. 749
2. 785
3. 102
4. 540
1 09
2. 750
9 44
2 18
109
108
109
104
105
111
112
117
T
r
118
400
115
325
75
300
100
290
95
180
70
80
30
210
60
225
80
220
135
675
190
1.740
660
220
2,060
575
185
1. 620
550
1 55
1.100
500
160
1 . 500
425
145
1.400
300
80
1.000
370
100
1. 010
375
125
1,130
3' u
10d
son
414
471*
425
125
450
350
90
1,110
475
130
600
165
1,750
577
2
2
572
611
662
664
2
2
2
493
432
1.667
-'2,113
1.606
21.531
1,216
1.918
1.079
1.624
973
1 . 468
1.351
1.493
1.086
1. 419
957
1. 261
1,157
1.333
1.200
1.542
4. 7
4.2
1 . 800
274. 8
3.9
4.2
1, 464
235.9
3. 5
4. 1
1.327
188.2
3. 6
4.1
1.238
195.6
3.4
M.2
1. 220
186. 8
3.0
4.0
1. 107
163. 1
3. 1
r
4.1
1 , 070
172. 0
31
28
26
30
29
28
23
58
61
8.8
20
47
44
6.8
42
45
6.3
31
44
38
5. 9
29
45
42
6.2
28
42
40
5. 7
4
49
9.0
4
39
7.3
11
32
5.6
46
39
5.9
15
37
6.9
1, 73*
116
118
4.0
1.4
2. 0
1. 9
£i
1.56S
1. 372
1.445
3.175
4.658
1. 14
9 97
r3.4
350
100
612
2. 785
3.6
3.7
2.0
4.0
4.0
1.2
2.0
1.8
225
45
2
107
2. 785
3.157
4. 644
2.5
3.9
1.4
3.7
3.7
.8
2.3
1.8
4.3
4.0
581
105
3. 135
4.611
2.9
3.6
1.8
3.8
37
1.1
2,. 1
1.8
4.8
3. 9
3. 3
3.4
3.8
1.4
1.4
1.7
2. 055
2.782
3. 130
4. 602
3.9
3.9
2.6
4. 1
3.7
1.5
1.9
1. 7
4.0
3.8
2. 5
3.6
4.0
1.4
1.5
1.8
2
2. 755
3. 1 30
4. 602
99
2.748
2 45
4.8
3.9
3. 1
4.9
3.9
2.4
1. 8
1. 8
3.9
4.1
2.3
3.6
4.0
1.3
1.6
1.8
1.050
3.130
4.591
4.8
3.7
3.2
4. 7
4.2
2.1
1.9
2.0
3.5
3.8
2.0
3. 5
3.8
1.2
1.7
1.8
'Workers involved
thous
1.550 * 1, 500
~VTan davs Idle during month
do
EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
560
548
496
Von farm placements
thous..
Unemployment insurance programs:
2
1,924
2
1,
939
2
2,
461
Insured unemployment, all programs
do
State programs1
,
309
1,
285
1.127
Initial claims
do
1.783
1,806
2, 298
Insured unemployment, weekly avg.._..do
Percent of covered employment:^
4.3
4.4
5.6
TTnad justed
4.4
^p^onall v adjusted ©
1.525
1, 541
2, 165
Beneficiaries weekly average
thous
231.2
223. 0
316.4
Benefits paid'
mil. $
Federal emplovees, insured unemployment
29
31
35
thous_.
Veterans' program (UCX):
28
29
25
Initial claims
do
55
50
71
Insured unemployment, weekly avg...do
47
52
72
Beneficiaries, weekly average
do
6. 6
7.6
9.9
Benefits paid
mil. $._
Railroad program:
17
13
5
Applications
thous
62
47
57
Insured unemployment weekly av£ do
8.3
11.1
11.0
Benefits paid
I
.'...mil. $._
3. 130
4. 585
M.O
r
2. 0
'3.3
-3.8
1.1
1.5
1.7
443
2
2, 559
2
3. 5
p 3.*
P2.2
P3.4
P 3. 7
P 1. 2
P l.f,
P1 7
2. 408 2 2. 2HO
i.m
1,848
2. 395 i
1. 127
165. 0
4.7
4.3
1.524
233. 0
5.3
5.7
4.3
4.0
1,997 | 2.015
283. 8
319.3
29
32
34
39
40
:^
31
43
38
5' 9
29
48
39
5.4
39
60
52
7.6
39
73 1
67
10.2
29
72
71
9.6
28
67
59
8.9
41
6.4
12
41
7. 5
11
45
6.7
12
47
8.6
13
53
9.9
52
8.8
v 45
3.0
4. I
...
h."
1.865
1 . 972
r
( 120
2. 243
1.1 3t.
2. 050
4.9
3^
1.SS7
292 f,
FINANCE
BANKING
Open market paper outstanding, end of mo.:
Bankers' acceptances
mil $
Commercial and finance co paper total
do
3 2. 890
3 6, 747
3 1, 928
34.819
2, 589
7, 076
2. 260
4. 816
2, 658
7. 382
2. 204
5,178
2. 696
7, 542
?.084
5. 458
2. 697
7,239
2 049
5. 190
2,712
7,522
9
059
5,463
2, 644
7,808
2 062
5,746
2, 709
7,161
'> 098
5, 063
2,733
7, 869
2 230
5, 639
2,744
8,170
2 172
5. 998
2,890
6.747
1 928
4. 819
2 938
7.765
2 042
5,723
3 056
8.119
9 ()79
6,040
3 10'?
7 737
9 03S
5, 699
3 6, 403
6,024
6, 143
6, 229
6 326
6,408
6 498
6 430
6 418
6 366
6 403
6 460
6 549
6 697
3
3,118
761
2,146
3,147
745
2, 251
3.176
702
2. 351
3, 198
701
2,427
3,218
711
2,479
3.240
706
2.482
3. 259
735
2, 436
3,280
848
2. 290
3,291
858
2,217
3.310
840
2,253
3,333
866
2,261
3,364
849
2,330
3. 406
815
2,405
306.8
133.0
62.5
307.8
126.9
64. 1
318.0
133.1
64.4
299. 6
125.0
61.7
320.7
129.9
66.8
300.1
119.5
61.9
310.4
130.3
63.1
337. 2
136. 9
71.3
296.6
116. 7
63.8
357. 1
151.0
74.6
360.8
153.9
73.5
294. 9
121. 1
60.5
342.9
145 8
71. 1
350. 0
148. 2
72.8
303.6
128.9
61.6
113.0
308.2
125.0
63.8
119.4
309.0
129.8
62.1
117.1
297. 0
121.5
61.6
113.9
320.1
130.3
66.9
122.8
310.2
127.8
63.3
119.2
329.7
140.1
67.0
122.6
326.7
133.7
69. 4
123.6
312.7
125.4
67.3
120.0
333. 0
139. 6
69.7
123. 7
340.0
143 7
69.6
126.6
316. 1
1?9 4
65.5
121.1
331 6
138 1
68 4
125 1
350. 3
146 0
72 4
131.9
356,020 3 58,028
53, 935
54, 612
54. 207
55, 314
55, 594
55, 042
55, 615
56, 336
57. 848
58, 028
56, 389
56, 928
56, 629
57,101
333,902
336,418
3
38
363
330,820 3 33,593
315,696 3 15,237
32, 585
201
30, 963
15, 606
32, 825
153
31,182
15, 595
32, 808
208
31.254
15,524
33, 804
96
32, 027
15, 457
33, 946
338
32. 468
15, 346
34, 134
389
32,391
15,291
34, 302
138
32, 563
15.309
34. 587
332
32. 758
15.310
35. 919
868
33. 667
15, 294
36. 418
63
33, 593
15,237
34, 643
364
32, 752
15,231
35, 274
570
33, 169
15, 185
35,314
130
33, 770
15. 190
35,115
116
33, 169
15,195
do... 356,020 3 58,028
53, 935
54,612
54. 207
55, 314
55, 594
55, 042
55, 615
56. 336
57, 848
58. 028
56, 389
56, 928
56. 629
57. 101
s 18, 722 3 18,391
317,454 3 17,049
330,643 3 32,877
18, 046
16, 748
29,934
18, 222
16,904
30, 010
17,573
16. 574
30, 303
18, 188
16. 965
30, 670
18,044
16,971
30. 959
17. 860
16, 782
31, 178
18, 093
16, 772
31, 265
18,187
16,922
31, 472
18,200
16. 952
32. 290
18.391
17,049
32, 877
18,120
16, 983
31.988
18, 532
17. 146
31, 899
18, 258
17,060
32.088
17,913
16,629
32, 177
Placed directly (finance paper)
do_.
Agriculturnl loans and discounts outstanding of
agencies supervised by the Farm Credit Adm. :
Farm mortgage loans:
Federal land banks
Loans to cooperatives Other loans and discounts
Bank debits:
Unadjusted:
Total (344 centers)
New York City
6 other leading centersf _
Seasonally adjusted:
Totel (344 centers)
New York City
6 other leading centers!
337 other centers
do
do
do -.
bil. $..
do
do
-
Reserve bank credit outstanding, total 9 -do
Discounts and advances
do
U.S. Government securities
do
Gold certificate reserves
do
Deposits, total 9
Member-bank reserve balances
Federal Reserve notes in circulation
3
5. 753
3 3,3 052 3.310
735
3840
1, 966 3 2, 253
3
286. 4
118.0
58.5
312.9
129.7
64.6
do
do
do
do
Federal Reserve banks, condition, end of mo.:
Assets total 9
mil. $
Liabilities, total 9
3
2, 650
3 6. 000
3 2, 088
33.912
do
do
do
Ratio of gold certificate reserves to deposit and
32.3
32.4
32.5
FR note liabilities combined
percent.. 331.8 329.7
r
Revised.
v
Preliminary.
1
Quarterly
average.
2
Excludes persons under extended duration provisions (thous.): 1963—Mar.,4; Apr.,34;
May, 60; June, 60; July, 45; Aug., 38; Sept., 36; Oct., 31; Nov., 20; Dec. 9; 1964—Jan., 3; Feb., 2;
Mar., 1.
3 End of year.
I Re vised back to 1951 to incorporate adjustments as follows: Enlargement of sample;
updated
seasonal factors; new weights for component indexes based on labor force in cities
30. 3
31.6
31.3
31.2
30.8
29.7
31.0
30. 4
30.1
30.2
30.3
covered; and shift of index base to 1957-59 = 100. Monthly data (1948-62) appear on p 24 of
the Mar. 1964 SURVEY.
©Revisions back to 1959 are available.
tSee corresponding note, bottom p. S-13.
§ Wages as of May 1, 1964: Common labor,
$3.190; skilled labor, $4.680.
d"Insured unemployment as % of average covered employment in a 12-month period.
^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
May 1964
•
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962 I 1963
1963
1
End of year
S-17
Mar.
Apr.
May
June
July
1964
Aug.
Sept.
Oct.
Nov.
|
Dec.
Jan.
Feb.
Mar.
Apr.
FINANCE—Continued
BANKING— Continued
All member banks of Federal Reserve System,
averages of daily figures :
Reserves held, total
mil. $._
Required
do
Excess
_ _ _
do
Borrowings from Federal Reserve banks _. .do
Free reserves
_do
Weekly reporting member banks of Fed. Res. System ,
condition, Wed. nearest end of y r - or mo.:
Deposits:
Demand adjusted c^1
mil. $_
Demand total 9
-- -- do
Individuals, partnerships, and corp
do
States and political subdivisions- _ . -do
U.S. Government
do
Domestic commercial banks - -do _.
Time total 9
do
Individuals, partnerships, and corp.:
Savings
do
Other time
do
Loans (adjusted) totalcf
do
Commercial and industrial
do
For purchasing or carrying securities
do
To nonbank financial institutions
do
Real estate loans
do
Other loans
- --do ._
Investments total
do
U.S. Government obligations, total
do
Notes and bonds
do
Other securities
- do
Commercial bank credit (last Wed. of mo., except
for June 30 and Dec. 31 call dates) , seas, adjusted :
Total loans and investments©
bil $
LoansO
- -do
U.S. Government securities
do
Other securities
- do
Money and Interest rates: §
Bank rates on short-term business loans:
In 19 cities
percent-.
New York City _
do
i
7 other northern and eastern cities
do
Discount rate, end of year or month (N.Y.F.R.
Bank)
_
percent..
Federal land bank loans
do
Home mortgage rates (conventional 1st mortgages): *
i'20,040
1 19, 468
i 572
1304
1268
1
20, 746
1
20,1 210
536
1
327
1
209
65, 843 67, 844
102, 109 104,335
71, 531 74, 513
5, 125
5,338
4,749
4, 556
14, 321 13,320
50, 386 59, 227
19, 515
19, 091
19, 572
19, 138
19, 9679
19. 23
19, 729
19, 355
20, 020
19, 537
19,719
19, 256
19, 945
19 533
20, 003
19 596
20, 746
9Q 91()
20, 675
90 948
434
20, 114
19, 705
424
456
374
483
463
155
269
412
121
313
209
247
236
138
322
161
407
330
133
321
91
409
313
94
536
427
376
33
327
209
256
171
61,811 63, 699
90, 700 95,172
65, 005 67, 004
5,993
4,772
3,684 4.957
12, 072 11,414
53, 418 53, 751
61,143
90,176
64, 200
5, 399
4. 537
10, 753
54, 538
60, 954
95, 198
65. 724
4,992
6,879
11,995
54, 910
63, 281
92, 818
66, 795
4, 968
4,920
10, 874
55, 581
61, 528
88, 012
64, 024
4,715
3,759
10, 710
56, 326
61,885
95, 237
66, 320
4, 902
6, 229
12, 270
56, 711
63 809
90, 875
67, 322
4,762
2.304
11, 452
57 553
63, 950
93. 771
69, 001
5, 060
2, 714
11,569
57,951
67 841
104,335
74, 513
5, 338
4. 556
13, 320
59 227
64 940
90 224
67, 605
4, 926
1, 545
10, 739
60 276
20. 148 -•20,213
19 753 r 19 856
395
'357
259
304
r
98
91
20, 270
19 910
6? 565
90 575
65 460
5,188
3, 755
10 810
60 930
6° 539
95.811
66, 659
5. 349
5,130
12, 192
61 446
63 959
91 93'>
66 813
5 529
2, 948
10 464
62 923
38 131
14 0^7
89 122
37 195
5, 929
7,339
17, 991
24, 606
46 746
27, 759
22, 362
18 987
38 991
14 390
89 875
37 590
5, 695
7,511
18, 161
24 664
46 979
27, 591
23, 260
19 381
38 704
14 418
99 002
38 308
6, 033
8,179
18,366
25, 939
46 371
26, 870
22, 680
19 501
38 437
14 950
99 208
38 057
5, 952
7,881
18, 520
26 095
46 479
26, 713
245. 8
151. 3
59. 8
34.7
249.0
152.7
61.0
35. 3
253. 0
154. 7
62. 9
35. 4
250. 9
155. 3
60. 0
35.6
34, 920
9,221
82, 947
35, 351
5,928
7, 365
15, 519
22, 812
48, 147
32, 369
24, 514
15, 778
38, 083
13 310
92, 901
38, 793
6, 621
8. 595
17, 880
23, 809
48, 404
29, 018
23. 127
19,386
35, 956
10, 447
81, 130
35, 236
4,677
6, 657
15, 944
22, 467
47,685
30, 857
24, 383
16,828
35, 822
10, 679
82, 961
35 297
5,644
6. 745
16,237
23, 100
47, 929
30, 689
24,311
17,240
36, 048
11,175
82, 280
35, 028
4,931
6, 623
16,537
22,817
47, 563
29, 966
24,047
17, 597
36, 518
11,234
84,311
35, 391
5, 359
7, 306
16, 829
22, 743
47, 991
29, 789
24, 253
18, 202
36, 741
11, 691
84, 384
35,014
5,328
7, 624
17, 030
23, 283
47. 601
29, 099
23, 894
18. 50 2
36, 896
12, 181
84, 502
35, 204
5, 044
7,447
17,269
23, 496
46, 624
27, 683
23, 724
18,941
37, 342
19 013
87, 366
36 145
6, 229
7, 731
17, 455
23, 647
47 618
28, 367
23, 400
19 251
37. 534
12 639
86, 598
36 296
5. 407
7,243
17. 651
24, 097
47 156
27, 990
23. 150
19 166
37, 699
19 796
88, 9578
37 54
5, 852
7, 226
17. 846
24, 874
46 790
27, 926
23, 328
18 794
38, 083
18 310
92 901
38 7Q3
6, 621
8, 595
17, 880
23, 809
48 404
29,018
23.127
19 386
228. 1
134.7
64. 3
29. 1
246 3
150. 6
60.8
34 9
235. 0
137.8
66.7
30.5
232. 5
137.4
63. 9
31.2
234. 8
138. 9
64. 2
31.7
240.3
141.8
66. 0
32. 5
237. 8
142.4
62 4
33'. 0
238. 5
142. 5
62. 1
33.9
240. 7
145. 0
61. 7
34.0
241.0
146.3
60. 2
34.5
244. 0
148. 8
60. 8
34.4
246. 3
150. 6
60. 8
34. 9
2
5. 00
2
4 78
2
5.01
2
2 4 70
2
5 32
5. 00
4 80
4.98
5 30
-- - .
5. 01
2
5 30
5.01
4 81
5.01
5.30
3.00
4 05
5. 56
3.50
3 4 26
35.50
3. 00
4 09
5^50
3.00
4 10
5.50
3. 00
4 09
5.50
3.00
4 10
5.50
3.50
4 16
5.50
3.50
4 28
5.50
3.50
4 44
5.50
3.50
4. 50
5.50
3.50
4.51
5.50
3.50
4. 53
5.50
3.50
4. 54
5.50
3.50
4.62
5.50
3.50
4.63
5.50
3 5 84
3
5 98
5 86
6 04
5 84
5 99
5 89
5 95
5 82
5.94
5 82
5.93
5 89
5.93
5 81
5.94
5. 82
5.93
5.82
5.97
5. 80
5.98
5.83
5.98
5.81
5. 95
5.79
5.94
3.13
3. 34
3.15
4.50
3.13
3.32
3.17
4.50
3. 13
3.25
3.15
4.50
3.24
3.38
3.21
4.50
3.41
3.49
3.35
4.50
3.59
3.72
3.57
4.50
3. 63
3.88
3.63
4.50
3.63
3.88
3.72
4.50
3.71
3.88
3.75
4.50
3.63
3.96
3.84
4.50
3.70
3.97
3.82
4.50
3.75
3.88
3. 76
4.50
3.75
4.00
2.897
3.50
2.909
3.56
2 920
3.57
2.995
3.67
3. 143
3.78
3. 320
3.81
3. 379
3.88
3 . 453
3.91
3. 522
3.97
3.523
4.04
3. 529
4.06
24, 436
515
24,360
499
24,489
493
24, 763
484
24, 777
478
24, 862
472
25, 154
466
25, 236
461
25, 368
456
25. 693
452
3
3
2
5. 01
Open market rates, New York City:
33.01
3 3. 36
Bankers' acceptances (prime, 90 days) ...do
3 3. 26 3 3. 55
Commercial paper (prime. 4-6 months)-. do
33.07 33.40
Finance Co. paper placed directly, 3-6 mo_ do
3 4 . 5 0 34.50
Stock Exchange call loans, going rate
do
Yield on U.S. Government securities (taxable):
33.157
3-month bills (rate on new issue)
percent— 32.778
3
3.57 33.72
3-5 year issues
do
Savings deposits, balance to credit of depositors:
N.Y. State savings banks, end of yr, or mo--mil.$__ 23,917 25, 693
539
452
U.S. postal savings ^
do
5.01
4 78
5.01
5 32
5. 00
4.76
5.04
5.29
360
213
147
19 759
4. 99
4. 77
5. 02
5. 29
3. 50
4.50
3.80
3. 91
3.80
4.50
3.532
4.02
3. 553
4.15
3.484
4.18
25, 940
447
26, 089
436
26,411
430
26, 421
4. 25
r 3. 83
CONSUMER CRPJDITt
(Short- and Intermediate- term)
Installment credit total
Automobile paper
Other consumer eoods paper
Repair and modernization loans
Personal loans
_
By type of holder:
Financial institutions total
Commercial banks
Sales finance companiesCredit unions
>
Consumer finance companies
Other
Retail outlets, total
Department stores
Furniture stores
Automobile dealers
Other
Noninstallment credit, total
Single-payment loans, total _.
Commercial banks
Other financial institutions.
r
Revised.
1
do
do
do
do
do
do
do
_ do
do
do
do
do
do
do
do
do
do
do
do
do
63, 164
48, 034
19, 540
12,605
3,246
12, 643
69 890
53, 745
22, 199
13, 766
3,389
14, 391
6° 149
48, 075
19, 930
12,149
3,177
12,819
63 167
48, 806
20, 376
12, 197
3, 200
13, 033
64 135
49,484
20, 794
12, 272
3,245
13. 173
64 987
50, 307
21,236
12, 422
3,281
13, 368
65 491
50, 894
21, 593
12, 459
3,316
13, 526
66. 308
51, 526
21,819
12, 607
3,357
13, 743
66, 538
51,718
21,725
12, 702
3,377
13, 914
67, 088
52, 257
21,971
12, 845
3,400
14, 041
67, 746
52, 695
22. 107
13,046
3,407
14, 135
69, 890
53, 745
22, 199
13. 766
3.389
14, 391
69, 203
53, 597
22, 189
13, 638
3,354
14,416
68, 786
53. 552
22, 271
13, 467
3,335
14,479
68, 913
53, 795
22, 471
13,451
3, 321
14, 552
41, 782
19, 005
12, 194
4, 902
4,131
1,550
6, 252
3,013
1, 073
46, 992
21,610
13, 523
5,622
4,590
1,647
6,753
3,427
1, 086
42,531
19 450
12, 460
4,928
4,139
1,554
5,544
2, 566
1 002
43,149
19 882
12, 506
5, 034
4,174
1,553
5,657
2, 686
992
44, 373
20, 602
12, 693
5,251
4,241
1, 586
5,934
2, 925
997
44, 878
20, 874
12, 807
5,330
4, 276
1,591
6, 016
2,999
994
45, 375
21, 101
12, 906
5, 412
4,329
1, 627
6,151
3,107
1, 004
45, 687
21,145
13, 073
5,458
4, 381
1,630
6,031
3, 025
1,009
46,161
21, 391
13, 187
5,529
4,425
1, 629
6, 096
3,077
1,015
46, 462
21, 486
13, 302
5,569
4, 461
1, 644
6,233
3,172
1, 032
46, 992
21,610
13, 523
5, 622
4, 590
1,647
6,753
3,427
1,086
47, 300
21,630
13, 840
5,584
4,592
1,654
6, 297
3, 063
1.065
47, 454
21,799
13, 788
5, 607
4, 595
1,665
6, 098
2.949
1,047
47, 653
21,919
13, 802
5,668
4,597
1,667
6,142
3,044
1 022
315
319
331
343
341
321
325
326
328
328
1,821
15, 130
5,456
4,690
766
1,912
16, 145
5,959
5,047
912
394
43, 723
20 229
12, 583
5,139
4, 191
1, 581
5, 761
2.797
994
1,661
14, 074
5, 539
4,727
812
1, 655
14,361
5, 562
4,793
769
1,651
14, 651
5,674
4,836
838
1,681
14, 680
5,709
4,893
816
1,680
14, 597
5, 683
4,874
809
1,699
14, 782
5,789
4,879
910
1, 676
14, 820
5,844
4, 927
917
1,679
14, 831
5,830
4,952
878
1,703
15,051
5, 894
4,987
907
1,912
16, 145
5, 959
5, 047
912
1,841
15, 606
5,900
4,991
909
345
328
c
Corrected.
2
Average for Dec.
Quarterly average. 3 Monthly average.
cTFor 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).
330
334
1, 772
15, 234
5.958
c
5, 036
922
1,742
15,118
6, 002
5, 076
926
9 Includes data not shown separately. ©Adjusted to exclude interbank loans. § For
bond yields, see p. S-20.
*New series (FHLBB); data prior to Dec. 1962 not available.
5 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).
JUnadj. data revised back to 1962; seas, adj., back to 1960. Revisions for periods not shown here are available in the Nov. 1963 Federal Reserve Bulletin
SUEVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
19G2
1963
1963
Monthly
average
llnv 1004
Mar.
Apr.
May
June
July
1964
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
1 Mar.
Apr.
FINANCE—Continued
CONSUMER CREDIT1— Continued
Total outstanding, end of year or month — Con.
Noninstallment credit — Continued
Charge accounts total
-- .mil. $__
Department stores
.do
Other retail outlets
do
Credit cards
do
Installment credit extended and repaid:
Unadjusted:
Extended total
Automobile paper
Other consumer goods paper.. All other
Repaid total
.
Automobile paper
Other consumer good*' paper
\llother
Seasonally adjusted:
Fxtended total
Automobile paper
All other
-Repaid total
Automobile paper
Other consumer goods paper
Ail other
-
do
do
...do
do
do
do
do
do
5, 684
927
4,252
505
3,990
5,871
895
4, 456
520
4.315
4. 374
587
3,308
479
4, 161
4,581
603
3, 505
473
4,218
4,793
610
3, 699
484
4.184
4.783
599
3,689
495
4.188
4, 760
555
3, 682
523
4. 154
4.839
579
3, 713
547
4. 154
4,833
620
3,667
546
4.143
4.898
639
3,743
516
4, 103
4.999
667
3,817
515
4. 158
5,871
895
4.456
520
4.315
5,339
782
4, 014
543
4. 367
4,805
655
3,590
560
4,471
4, 634
614
3,485
535
4,482
4,594
1,650
1, 307
1,637
4,218
1. 456
1.245
1, 517
5,068
1,834
1,417
1,817
4,593
1,613
1, 320
1.659
4, 702
1,787
1,238
1,677
4,479
1, 535
1,339
1.605
5, 332
2,072
1,355
1,905
4, 601
1, 626
1,307
1, 668
5, 294
2.067
1, 386
1,841
4, 616
1,649
1.311
1,656
5, 222
1.967
1,410
1,845
4, 399
1, 525
1 , 260
1,614
5, 365
2, 055
1,393
1.917
4,778
1. 698
1, 356
1.724
5, 242
1, 839
1, 456
1,947
4, 610
1, 613
1,308
1.689
4, 755
1,524
1,384
1,847
4, 563
1, 618
1,289
1,656
5, 487
2,040
1,547
1,900
4,948
1, 794
1,404
1, 750
4,981
1,734
1, 517
1,730
4, 543
1,598
1,316
1,629
5, 974
1,767
2,094
2, 113
4,924
1,675
1,374
1,875
4.784
1,689
1,380
1,715
4,932
1, 699
1.508
1,725
4. 552
1, 686
1,212
1,654
4.597
1,604
1,383
1.610
5,322
1,983
1,488
1,851
5, 079
1 783
1 504
1,792
4, 973
1,811
1.406
1,756
4, 496
1,546
1,324
1.626
5, 008
1,870
1,359
1.779
4.487
1, 585
1. 276
1 . 626
4, 985
1,847
1. 357
1,781
4, 544
1,611
1.294
1 , 639
5, 054
.820
.408
.826
, 568
. 588
.317
. 663
5, 100
1.854
1,409
1.837
4. 591
1.603
1 . 330
5, 100
1. 802
1.441
1.857
4,619
1. 607
1.326
1 . 686
5, 093
1.730
1,425
1.938
4, 752
1 . 659
1,347
1,746
5.311
1, 910
1,457
1,944
4. 780
1.676
1,362
1.742
4,979
1,792
1 432
1.755
4,596
1.638
1.324
1.634
5, 272
1,914
1,523
1.835
4.812
1,707
1.384
5. 276
1,888
1 493
1, 895
4 848
1. 684
1, 441
1 . 7'">3
5. 4-n
1, 953
1 578
1. 890
4 84°
1, 716
1,395
1.731
5 480
1 94°
1 665
1 873
4 956
l' 735
1,46s
1 753
7.218
11.545
9. 669
8. 922
2 fi22 -2,421
1 1 . 323
9 989
1. 334
10,960 11.652
4.423
1 1 . 287 9. 5 19 10,740
2. 102 -6.318
—328
9,617
9,812
-194
10. 503
6 6 -) x
10. 069
9, 848
433 — 3,21V)
11.5'V)
'.». 393
2.132
- do
do
do
do
do
do
do
1 . 658
FEDERAL GOVERNMENT FINANCE
Net cash transactions with the public :cf
Receipts from
-Pqvrr'ent^ to
Excess of receipts, or payments (— )
Seasonally adjusted quarterly totals:
Receipt's....'
mil. $__
do
do
8. 850
9. 323
9. 381
9. 763
-382
Guaranteed obligations not owned by U.S. Treasurv end of month
- --bil $
U.S. savings bonds:
Amount outstanding, end of month
do
Sales, series E and H
do
Redemptions
do
27, 800
•^8 ?00
-400
27, 400
28, 300
-900
do
Excels of receipts, or payments (— )
do
Budget receipts
and expenditures:
1
8, 983
Receipt ; total
- -- ---do
7. 059
Receipt* 5 netT
do
103
Customs
do
4.340
Individual income taxes
do
1,821
Corporation income taxes
do
1, 108
Fmplovment taxes
do
1, 612
Other internal revenue and receipts
do
7, 659
Expenditures totall
do
796
Interest on public debt
do
442
Veterans' services and benefits
do
4,
425
National defense
__
do
2 , 052
All other expenditures
do
Public debt and guaranteed obligations:
1
303.
47
Gross debt (direct), end of mo., total
bil. $..
1299.2]
Interest bearing total
-_ do __
1255.
7S
Public issues
_.do
1
11.99
Held by U.S. Go vt. in vestment accts. do
43
Special issues
do_ _ - i 143.
4. 26
Noninterest bearing
- do__ -
9.523
7. 293
105
4. 525
1.897
1,346
1. 650
7, 849
852
439
4,414
2.' 189
13,093
9, 663
107
3, 927
6,081
1.428
1, 550
7,806
825
405
4, 523
2, 056
13. 9SO
4. 693
9.472 10.045
4. 508 -5. 353
8, 544
5, 735
110
5, 344
551
940
1, 598
7, 590
823
367
4,522
1,886
11,132
6, 953
106
6.293
443
2 664
1,626
7,470
823
435
4.488
1,727
13.996
12. 061
95
5, 305
5.511
1,340
1, 745
7. 715
865
385
4. 616
1,886
4. 871
3. 547
117
1. 676
574
537
1, 967
7. 863
882
468
4,178
2, 579
!M177
7 °90
108
5. 785
386
2. 064
1 . 633
8. 305
850
466
4. 469
2. 572
11, 722
10.095
104
5. 350
3. 603
1 098
1 . 567
7,815
856
438
4,215
2, 334
4, 371
3,400
123
1,651
468
1,571
8,776
H6o
463
4,710
2, 750
8.911
7, 131
106
5, 541
396
1,440
1,428
7.784
863
454
4,081
2, 386
10,379
8.803
103
3, 582
3, 726
1,147
1.820
8. 289
903
455
4, 515
2.442
9 390
'2, 778
°9 500
30. 400
— 1 Oi »0
28. 900
30 °0()
- 1 . 300
•>H. 700
30 400
— 1. 700
1° 16S
6. 580
5. S53
101
3. S73
583
404
1.619
8. 492
925
481
4, 348
2, 819
12, 235
4.50
4, 685
1. 946
13.961
10. 14s
10s
3, 991
6, 654
1, 579
1 , 629
7,871
907
455
4, 377
2, 144
8/
6. 975
451
•2, 835
1.887
7. 521
r
r
1309.35
302. 99
303. 17
305. 20
30', 86
304. 84
306. 54
306. 64
306. 44
308. 22
309. 35
308. 58
310. 36
309. 59
307. 60
1305.21
1261.56
i 14.14
i 43. 66
i 4.13
298. 98
256. 77
12. 77
42.20
4.02
299. 19
257. 58
12.56
41.60
3.98
301. 19
257. 62
13.37
43. 56
4.02
301.95 300.94
257. 1 5 257. 21
13.20
13. 40
44. 80
43.72
3.91
3.90
302. 52
257. 01
13.21
45. 52
4.01
302. 66
258. 01
13.48
44. 65
3.97
302. 46
259. 18
13.76
43. 28
3. 98
304. 09
260. 54
14.01
43. 55
4.12
305. 21
261. 56
14. 14
43. 66
4.13
304. 50
262. 58
306. 13
263. 25
T
14. 39
42. 88
4. 22
305. 40
262. 18
14. 23
43. 22
4.18
303. 38
261 . 38
i .74
5r>
.56
.58
.61
.65
.67
.69
.71
72
.74
.76
.79
.82
. 80
i 47. 87 i 49. 03
. 36
.40
.47
.42
48.21
.40
.40
48. 29
.41
.45
48.40
.41
.41
48.47
.35
.40
48. 58
.41
.44
48. 70
.40
.39
48.74
.35
.42
48.82
.39
.42
48. 93
.33
.34
49.03
.36
.39
49. 11
.47
.53
49. 21
.41
.43
49. 26
.40
.48
49.30
.38
. 45
i 133.29
134.98
135. 61
136. 24
136 70
137 67
138. 36
138 76
139. 61
140 21
140 90
141.87
142. 53
i 63. 72
16.17
14.03
116.51
i 3. 48
i 28. 64
64.72
6.03
4.06
16.54
3. 53
29.18
64.95
6.01
4.04
16.51
8.52
29. 44
65.17
5.85
4.00
16.52
3.51
29.65
65. 23
5.76
3 98
16.52
3.50
29. 77
65.58
5.84
3.95
16. 49
3.48
30. 07
65. 72
5.81
3.94
16.49
3.48
30.23
65. 79
5.82
3 89
16.46
3.47
30 33
66. 08
5.83
3.89
16.47
3.46
30. 62
66.36
5.79
3 89
16.48
3.45
30 98
66.10
5.76
3.88
16. 43
3.43
30.94
66. 63
5.78
3.86
16.44
3.42
31.41
C6. 79
5.80
3 86
16. 42
3.42
31.46
5.34
2.26
2.99
47.62
44.16
4.18
6.32
1.19
5.60
5.38
2.26
3. 03
47.91
44. 41
4.20
6.36
1. 18
5.63
5.38
2.25
3.04
48.16
44.62
4.21
6.40
1.21
5.70
5 45
2.27
3.10
48 42
44.83
4.24
6 44
1.21
5.71
5 45
2.28
3.08
48. 66
45. 03
4.26
6 51
l.T)
5.94
5 50
2.29
3.11
48.96
45. 29
4.31
6.55
1.25
6.07
5 56
2.30
3.17
49 23
45.52
4.34
6 58
1.34
5 92
5 56
2.29
3. 18
49.54
45.80
4.36
6.62
1.34
6.11
5 58
2.31
3.18
49 81
46. 06
4.37
6 65
1.32
6.11
5 68
2.34
3. 25
50 54
46. 75
4.35
6 69
1.44
6.10
5. 74
2.35
3.29
50. 83
47.01
4.37
6. 73
1.28
6. 29
2. 35
3.32
51. 13
47. 27
4.38
6 77
1.27
6. 43
885.0
391.7
72 2
13.1
73.5
154.9
179.6
834. 4
367.1
67.3
12.6
73.3
155.0
159. 1
827. 6
357.1
69.4
13.6
73.9
154.2
159.4
798. 3
824.9
325. 0
352.3
65.9
63. 9
12.4
13.5
80. 3
73.5
150. 1
147.8
200. 3 • 138.2
780. 6
343.8
64.7
12.7
62. 3
154.1
143.0
798. 5
324.6
63.8
12.6
71.9
143. 7
181.9
860.7
368. 1
70.6
13.1
76.0
149. 4
183.5
731.3 1.083.0
307.5
369.7
67.4
73 1
11.5
14.8
71.9
74.4
127. 1
163 5
145.9
387.5
885.8
400. 3
78.7
12. 6
93.2
151.5
149. 5
838.2
364. 6
72.1
12.1
77.4
146.6
165. 4
i . 52
41.92
4. 08
42, 00
4. 22
LIFE INSURANCE
Institute of Life Insurance:
Assets, total, all U.S. life insurance companies §
htll t
Bonds (book value), domestic and foreign,
total
bil $
q/ /
,
VlrvVl fU S ">"
Public utility ( U S )
Railroad (U S )
do
do
do
Stocks (book value), domestic and foreign, total
i 6.30
bil $
12.18
Preferred ( U S )
do
14.03
Common (U S )
do
146.90
ATort^age loans total
do
i 43. 50
Nonfarm
do
14.11
Real estate
do
16.23
Policy loans and premium notes
do
i
1.46
Cash
do
i 4. 57
Other assets
do
Payments ro policyholders and beneficiaries in
' U.S., total
mil.$._ 777. 1
323. 2
Death payments
do
59. 5
M.atured endowments
do
11.8
Disability payments
do
69.
8
Annuity payments
do. .
147.7
Surrender values
do
165.0
Policv dividends
do
835.7
350.7
67.4
12.9
75.1
149. 1
180. 4
r
Revised.
* Preliminary.
i End of year; assets of life insurance companies are
annual statement values.
tSee similar note on p. S-17.
cf Other than borrowing.
IData for net receipts and total expenditures reflect exclusion of certain interfund transactions.
§ Revisions for Jan. 1963 \vill be shown later.
SURVEY OF CURRENT BUSINESS
Msiv 1004
1962
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
Monthly
average
S-19
1963
Mar.
Apr.
May
June
July
1964
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb. | Mar.
1,594
588
8,171
5. 920
1,621
630
7,413
5. 469
1,352
592
9, 067
5, 998
2. 546
523
6, 794
4, 999
1,295
500
7. 405
5 252
1,550
603
8, 393
6 051
1,726
616
Apr.
FINANCE—Continued
LIFE INSURANCE— Continued
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance) :
Value, estimated total}
mil.$__
Ordinary}
do
Group and wholesale
do
Industrial
do
Premiums collected:
Total life insurance premiums
Ordinary
Group and wholesale
Industrial
7, 303
5, 213
1,506
6, 631
4, 686
1,358
do
do
do _
do
587
583
1,052
1.125
842
167
116
778
155
120
7, 316
5,220
1,508
588
7,787
5,341
1,814
632
7,577
5, 532
1,406
639
7,045
5, 123
1,334
588
7,047
5. 123
1, 367
557
6, 958
5,084
1,295
579
1,130
1,096
1 120
1 072
840
166
114
811
159
102
1 127
853
166
108
1 127
847
174
106
1, 066
799
160
106
1 154
876
170
108
1, 065
811
150
105
1 351
929
205
217
1 168
889
173
106
1, 152
878
164
110
1 179
897
177
105
15.797
-62
140
9,140
15,733
-39
15
2, 062
15, 633
-169
189
9,769
15. 582
-44
83
7, 566
15. 582
-3
56, 286
1.321
15. 583
107
28, 139
1 , 749
15. 582
-23
28. 416
2, 094
15, 513
94
28. 142
2. 489
15,512
55
56, 294
2. 404
15. 462
15
84, 438
2,011
15.461
338
82, 000
81, 600
11. 700
78, 600
10. soo
1 0. 700
9, 800
11,439
7.010
(i. ls9
1 . 1:93
859
166
104
828
163
105
7.215
5.033
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U.S. (end ofyr.ormo.)_mil. $__ 115,978 115, 513
-21
-66
Net release from earmark $
do
31, 747 16, 982
"Exports
thous $
3,701
12,
578
Imports
do
15, 878
48
36
15, 877
-27
1,842
1,382
107,500
74. 400 80, 000
12,100 11,600
4,500
79, 400
11, 600
3,200
79, 100
11,800
3, 600
80, 600
12. 400
80.100
11,600
81, (500
10.900
81, 700
11.700
80. 900
1,262
6,208
1. 084
3, 480
5, 910
1, 279
1,642
7, 500
1.271
4, 600
1. 273
2,711
6, 527
1. 279
2,618
6. 854
.1 . 277
265
6. 013
1 . 290
1.6°4
4. 865
1 . 288
2, 945
6, 798
1 . 293
2. 556
3.437
3. 029
2, 487
3, 28(5
3, 843
2 575
3, 446
4. 186
2, 393
3. 009
4, 103
°, 672
3, 351
4 °8f>
2,408
3. 195
3, 346
" •-!(>
3 587
3, SOf)
2, 908
3. 350
3. 328
2. 285
3. 245
' 35. 3
137.7
34.5
34.6
35. I
35. 5
35. 7
146. 0
530.1
115. 9
5
91. 0
5
6.0
5 5150.6
31. 6
5 119. 0
5 105.
3
5
5.8
147.4
30 8
116. 7
101.7
5.9
149. 5
30. 9
118.6
102. 9
4,2
147.3
31.1
116.2
104. 0
7. 0
148.2
31.4
116.7
105.0
7.4
148.9
31.1
117.8
101.8
149. 4
31.2
118.2
102.6
149 4
31 3
118 1
103. 7
44.3
84.8
44.6
29.0
43.9
85.8
43.1
28.3
44.3
82.2
44.1
29.6
44.2
85.0
43. 1
29. 1
4, 871
e 362
4,024
279
64
5, 213
356
90
4, 785
417
97
.5 461
397
K)3
958
e 148
« 141
^234
27
123
511
911
25
125
168
68
164
674
865
219
149
321
96
153
606
938
204
129
184
55
194
636
1 117
145
6 167
358
G325
116
290
291
179
417
326
202
362
312
171
3')3
370
6 111
6 640
0510
92
639
361
l'?9
751
503
114
365
607
109
SO7
570
15, 463
109
2
South Africa
Canada
United States
Silver:
Exports _
_ _
Imports
Price at New York
Production:
Canada
ATexico
United States . . .
do
do
do
do
do
dol. per fine o/,__
thous fine 07
do
do
Currency In circulation, end of vr. or mo
4
bil $
Money supply and related data (avg. of daily fig.):
Unadjusted for seas, variation:
Total money supply
bil $
Currency outside banks
do
Demand deposits __
do
Time deposits adjusted^
do
U.S. Government deposits
do
Adjusted for seas, variation:
Total money supply
Currency outside banks
Demand deposits
Time deposits adjustedl
3
5
s
do
do
do
do
Turnover of demand deposits except interbank and
U.S. Govt., annual rates, seas, adjusted:
Total (344 centers)
ratioof debits to deposits..
New York City __
_ _ . do
6 other centers o*
do
337 other reporting centers
_ _ _
do
41.5
77.8
41.2
27.7
11,500
12.200
« 243. 0
_
7, 178
1. 293
4. 6.5S
1. 293
3. 7SO
6. 433
1. 293
5 ">30
6. 638
1.293
;), 707
2. 54?
3, 218
2, 890
3. 489
3. 6S2
2. 263
3. 373
3. 593
3, OHO
35. S
35. 9
30. 2
37. 2
149.4
31.8
117. 6
106. 0
149. 1
31.9
117.2
107. 3
6. 2
IcO. 5
32. 0
118. fj
108.1
6. 5
152.5
32. 1
120. 4
109. 3
5.2
154, 8
32. 6
T>2. 2
110.0
4. o
157.4
33. 1
I'M. 3
110.8
5. 1
158. 0
32. 4
12,5. 6
112.9
4.1
1.54. 1
32. 3
121. S
114. 3
1. 7
153.3
3'> 6
M) 7
149.8
31.6
118.2
104. 5
150 7
31 6
119 1
105. 5
1 50. ,5
31 8
118.8
106. 7
150. 9
31 8
119. 1
107. 6
159 1
39 o
!•>() i
108. 9
153 4
39 3
121 1
110.7
153 5
3'> 4
121 1
111.8
154 8
!•)•? 3
113. 7
1,54 4
3° 7
I'M 7
114.S
154 S
3° 9
1.5,5 5
33 0
192 5
11.5. ,'i
116.2
42.5
79.3
42.7
28.1
45.8
85.1
46.8
30.3
44.9
88.9
-14. 9
29. 5
46.8
96.9
46.7
29.9
46. 2
87 2
48 4
30 1
43. 6
80 7
46 0
29 ()
46.3
89.0
47. 5
29. 8
47.1
()•) i
47. 8
30. 6
44. 8
86. 2
4,5. 4
29. 5
46. 7
91.6
46 9
30 1
49.1
95. 5
49 3
31 6
1 . 293
1.293
2 491
4, 150
36. S
115.5
6. 0
r>i 9
155. 6
32. 7
122. 9
11C,. ,5
4.2
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade and SEC):
Net profit after taxes, all industries
mil. $
Food and kindred products
. do
Textile mill products
do
Lumber and wood products (except furniture)
mil $
Pnper and allied products
do
Chemicals and allied products
_
do
Petroleum refinine
do
Stone, clav, and glass products ... _ _ do
Primary n on ferrous metal
.__
do
Primary iron and steel.do
Fabricated metal products (except ordnance,
machinery, and transport, equip.)
mil $
Machinery (except electrical)
do
Elec. machinery, equip., and supplies, do
Transportation equipment (except motor
vehicles, etc.)_. __ __ _
mil $
Motor vehicles and equipment _ _ _ do
All other manufacturing industries
do
Dividends paid (cash), all industries
do
Electric utilities, profits after taxes (Federal Reserve)
_ _
mil $
Transportation and communications (see pp S-23
and S-24).
64,430
6342
8
88
0
688
e
62
158
*11 607
641
6
6 157
560
6809
6145
6
133
6180
6
6152
6327
6305
6
6
110
6
572
6 508
6
2, 320
6
IfiO
0
65
2, 467
2,202
2.371
2. 164
3 131
6513
6 546
626
498
529
53°
2,498
2.635
2,830
2,927
2,783
5,054
2,089
1,980
1,673
2,977
2,352
751
110
36
2.521
906
2,740
1 273
74
17
2,711
832
2, 687
1 244
4,942
1 133
75
38
1,989
710
65
35
1,880
656
61
1,586
784
81
MQ
5
2,852
992
91
:u
SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds, total
mil. $
By type of security:
'Bonds and notes, total
do
Corporate _ _
_ _ . do
Common stock
do
Preferred stock
_
do
85
191
78
29
26
17
r
2
Revised,
i End of year.
Estimated; excludes
U.S.S.R., other Eastern European
3
countries, China Mainland, and North Korea.
Effective Aug. 1962 for silver in commercial bar form (priced 1A cent higher than on former basis; 4/i o cent higher effective Nov. 15,
1962). 4 Based on refinery production (U.S. Bu. of Mint data); not comparable with later
figures shown, which are
from Amer. Bu. of Metal Statistics. * Average of daily figures.
a
e Quarterly average.
For Jan-Mar. 1964.
2.117
1. 958
73'^
106
M
2, 312
r
2, 482
<- 2, 022
•2, 121
2.229
r
2. 360
r
2,031
1
'-STfi
53
w
r
o £>•)
r
95
1,933
XD
•1
tRevisions for Jan. 1962-Jan .1963 will be shown later.
§ Or increase in earmarked gold (—).
f Time deposits at all commercial b;anks other than
those due to domestic commercial banks and the U.S. Govt.
d*Includes Boston, Philudelphia, Chicago, Detroit, San Francisco, and Los Angeles.
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1963
1963
Monthly
average
May 1964
Mar.
Apr.
May
June
July
1964
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FINANCE—Continued
SECURITIES ISSUED— Continued
Securities and Exchange Commission — Continued
Estimated gross proceeds — Continued
By type of Issuer:
Corporate total 9
mil $
Manufacturing
do
Extractive (mining)
-do
Public utilitv
do
Railroad
do Communication __
.-do
Financial and real estate
do
Noncorporate, total 9 .
_ .
IT S Government
State and municipal
New corporate security issues:
Proposed uses of proceeds:
New money total
Plant and erjulpment
TVorking capital
897
274
19
237
20
109
155
1,020
295
18
222
36
91
260
1, 363
630
11
161
43
46
291
1,049
156
16
434
11
72
274
1,340
248
3
283
84
357
226
1,246
239
83
413
77
66
285
810
330
4
191
26
92
93
756
279
13
124
8
97
161
871
287
6
79
51
40
358
1,116
247
18
278
17
46
453
891
226
17
174
27
16
345
1,459
531
2
203
44
65
426
1,600
716
713
1,615
601
842
1.467
396
989
1,879
716
915
1,443
409
902
3,808
2,252
1,072
1,279
413
789
1 . 224
398
726
802
347
452
1.861
394
1,282
1.226
333
688
853
357
483
' 1. 497
474
1.006
881
1, 007
1,349
1,034
1,323
1,230
797
745
862
1,101
879
1. 444
'972
'702
796
694
475
219
63
124
749
450
299
127
130
1, 056
755
300
205
88
812
529
283
104
118
830
498
332
419
74
783
512
271
217
230
588
374
214
121
89
566
269
297
107
71
730
373
357
67
65
912
368
544
88
100
606
354
252
61
212
1.098
674
424
30
316
-845
'473
r
372
'43
'85
'523
'330
'193
' 162
677
341
336
49
77
713
397
842
457
989
457
915
962
902
206
1,072
544
789
392
726
567
452
283
1,282
427
688
613
483
259
1.006
'•267
810
470
'844
'593
i 405 1 i 461
mil.$__
5, 541
1 4, 149
do
i 1,216 i1 1,210
do
4.481
i
2,
820
do
399
4,358
1, 175
3,192
415
4. 553
1.201
3.272
418
4. 762
1,166
3,688
407
4. 930
1,149
3. 953
423
4, 920
1, 126
3, 865
406
5, 057
1 . 093
3. 956
431
5, 356
1,180
4,169
423
5, 524
1, 176
4. 251
478
5,621
1,211
4.485
461
5,541
1.210
4,481
464
5.546
1.262
4. 251
465
5, 405
1. 199
4,191
474
5, 387
1,231
4. 156
do
do
do
do
-do
do
Other purposes
- do
State and municipal issues (Bond Buyer) :
Long-term
- __do
Short-term
do
'710
"985
' 166
54
137
30
'159
'335
-128
MO
' 161
35
84
'113
r
1,312
413
810
r 17
805
165
30
195
24
36
329
1,316
399
844
1,157
854
SECURITY MARKETS
Brokers' Balances (N1Y.S.E. Members Carrying
Margin Accounts)
Cash on hand and in banks.
__
Customers' debit balances (net)
Customers' free credit balances (net)
Money borrowed
_
Bonds
Prices:
Standard & Poor's Corporation:
Industrial, utility, and railroad (A1+ issues):
96.2
Composite (19 bonds) cf—dol. per $100 bond..
Domestic municipal (15 bonds)
do .. 112.1
96. 8
111.3
97.8
113.3
97.4
113.1
97.1
112.6
97.1
110.7
96. 6
110.3
96. 5
111.4
95.9
110.7
95.9
109.9
95.9
108.5
95.4
109. 5
95.3
111.2
95.7
112. 3
95.2
109.9
94.6
110.3
86.94
86.31
87.15
86.63
86. 66
86. 36
86.16
86. 45
85.77
85.50
85.03
84. 64
84.42
84.60
84.10
83.84
144. 14
148. 83
145. 04
137. 82
100.64
108.50
139. 00
139. 12
151.22
151.22
126. 55
127. 69
116.30
113. 84
128 95
120.99
120.86
113.87
131. 47
121. 30
162.77
158. 36
322. 41
240. 58
286. 79
253. 71
230. 97
213. 65
253. 06
240. 93
138. 80
143. 27
138. 94
132. 17
95.66
102. 80
133. 39
132. 71
142. 52
142.91
119. 48
122. 36
110.37
109. 00
123. 41
116.29
113.14
107. 96
122. 60
114.33
158. 16
153. 92
317.40
235. 87
280. 62
248. 73
226. 21
209. 23
244. 06
232. 30
121. 21
123.61
91.35
124. 31
126. 28
104. 26
95.87
106. 74
94.41
107. 04
173. 13
234. 32
284. 85
226. 12
212. 95
226. 94
4.62
4.50
4.47
4.47
4.47
4.47
4.49
4.50
4.52
4.52
4.54
4.55
4.56
4.55
4.56
4.58
4.33
4.47
4.65
4.26
4.39
4.48
4.19
4.34
4.45
4.21
4.35
4.46
4.22
4.36
4.46
4.23
4.36
4. 45
4.39
4.47
4.84
4.40
4.48
4.83
4 31
4.41
4.50
4.84
4.32
4.43
4.51
4.83
4.33
4.44
4.54
4.84
4.35
4.46
4.54
4.85
4.37
4.49
4. 56
4.83
4.36
4.46
4.56
4.83
4.38
4.47
4.56
4.83
4.40
4.49
4.59
4.85
do
do
do
4.47
4.51
4.86
4.42
4.41
4.65
4.38
4.38
4.65
4.40
4.39
4.63
4.40
4.39
4.63
4.40
4.40
4.61
4.43
4.42
4.62
4.45
4.42
4.63
4.46
4.44
4.65
4.47
4.44
4.66
4.47
4.45
4.68
4.48
4. 49
4.68
4.50
4.51
4.68
4.48
4.51
4.67
4.49
4.51
4.67
4.53
4.53
4.69
do
do
3.14
3.18
3.18
3.23
3.06
3.11
3.11
3.11
3.16
3.15
3.22
3.27
3.12
3.29
3.15
3.19
3.27
3.24
3.32
3.31
3.41
3.26
3.34
3.13
3.23
3.17
3.17
3.32
3.32
3.26
3.29
do
3.95
4.00
3.93
3.97
3.97
4.00
4.01
3.99
4.04
4.07
4.10
4.14
4.15
4.14
4.18
4.20
U.S. Treasury bonds, taxable 1
...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
n
Fa e value
do
New York Stock Exchange, exclusive of some
stopped sales, face value, total
mil. $__
Yields:
Domestic corporate (Moody's)
percent. .
By ratings:
Aa
_.
__
A
Baa
By groups:
Industrial
Public utility
Railroad
Domestic municipal:
Bond Buyer (20 bonds)
Standard & Poor's Corp. (15 bonds)
U .S. Treasury bonds, taxable©
__do_.
do
do
Stocks
Cash dividend payments publicly reported:
Total dividend payments
mil. $__ 2 15, 076
Finance.
Manufacturing __
Mining
Public utilities:
Communications
Electric and gas
Railroads
Trade
Miscellaneous
_
2 2, 360
do
do .. 27,823
2549
do
__
2
16.188 2, 164. 1 1, 038. 5
2
409.7 2,321.1 1,081.5
454.3 2, 230. 6 1,071.4
480.7 3, 316. 7 1, 187. 5
594.7 2, 377. 0 1, 131. 1
2, 487
197.0
28,510 1, 388. 1
2582
112.4
203.3
353.3
13.9
92. 2
197.1
145. 6 1, 546. 4
112.2
4.5
220.7
355.5
15.5
233.1
96.0
170.1 1, 406. 0
110.0
2.8
216.9
358.4
15.1
124.8
449.2
165.6 2, 164. 8
3.4
175.1
305. 1
346.2
18.1
240.2
209.3
170.8 1, 542. 9
2. 2
110. 6
221.2
353.3
18.2
2
2 1, 773
2353
2606
2201
1, 456
2 1, 900
2377
2
642
2
232
117.7
208.3
55.5
54.6
30.5
239.6
131.0
20.2
60.2
17.0
3.6
127.8
5.5
22.4
8.7
102. 8
212. 2
59! 2
61.3
29.9
258.4
133.9
16.7
64.2
16.6
3.0
131.9
8.7
32.2
9.6
120.1
215.1
56.4
62.1
27.8
244.5
134.9
21.2
62.9
17.5
3.2
136.7
6.2
30.4
10.4
124.2
216.8
87.6
62.4
36.6
247.0
135. 0
26.4
90.2
19.5
3.0
140.1
8.8
47.7
12.8
109.6
223.8
62.4
57.4
30.1
289.4
140.1
23.8
66.7
18.4
5. 99
6.43
2.97
3.36
4.30
5. 31
6.42
6.98
3.21
3.50
4.46
5.84
6.24
6.75
3.10
3.42
4.44
5.84
6.26
6.76
3.16
3.42
4.45
5.84
6.40
6.97
3. 16
3.48
4.45
5.84
6.40
6.97
3.21
3.48
4.45
5.84
6.41
6.97
3.21
3.48
4.45
5.84
6.41
6.97
3.23
3.48
4.45
5.86
6.41
6.97
3.30
3.49
4.45
5.86
6.51
7.10
3.30
3.60
4.45
5.86
6.80
7.39
3.32
3.60
4.51
5.86
6.82
7.41
3.33
3.67
4.51
5.86
6.89
7.52
3.33
3.67
4.54
5.86
6.91
7.55
3.34
3.70
4.55
5.90
6.93
7.56
3.38
3.72
4.55
5.90
6.95
7.58
3.38
3.72
4.55
5.90
177.87 202. 32 191. 72 201.02 204. 25
Price per share, end of mo. (200 stocks) 9 ...do
189. 95 218. 24 204. 94 216.41 221.41
Industrial (125 stocks)
do
Public utility (24 stocks)
do.... 91.50 1 102. 79 101. 40 102. 94 103. 80
63.39
78. 49
72.32
77.98
82. 68
Railroad (25 stocks)
do
r
J
Revised.
End of year.
2 Annual total.
9 Includes data not shown separately,
cf Number of bonds represent number currently used; the change iri the nurnber doe s not
affect the continuity of series.
198. 62
214. 45
102 10
82.42
_
_ _
do
_ do
do
do
do
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
21.411
207. 81 206. 58 214. 67 211.74 216. 57
225.11 223. 69 234. 19 228. 76 234. 99
107. 57 105. 14 102. 53 100. 82 102.31
84.06
82. 73
78.73
79.11
80.68
1Prices ar e derive c. from a~v erage yie,lds on b isis of an
(3 For borids due o r callabl 3 in 10 ye ars or m ore.
198. 29
214. 19
102.44
78.81
229. 62
251. 53
104.00
88.66
assumec1 3 percent 20-ye£ir bond.
222. 47
241. 38
103. 69
84.81
225. 21
246. 19
104. 23
87.99
227. 79
250. 46
103. 13
88. 26
SURVEY OF CURRENT BUSINESS
May 1964
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
1962
Monthly
average
S-21
1964
1963
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct. 1 Nov.
Jan.
Dec.
Feb.
Mar.
Apr.
i
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
3.37
3.39
3.25
5.30
3.31
2.48
3.17
3.20
3.12
4.46
3.15
2.51
3.25
3.29
3.06
4.73
3.19
2.45
Earnings per share (indust., qtrly. at ann. rate;
pub. util. and RR.,for 12 mo. ending each qtr.):
Industrial (125 stocks)
dollars U1.10
24.73
Public utility (24 stocks)
do
25.73
Railroad (25 stocks)
- __ do
r 112. 43
'24.99
26.29
11.25
4.81
5.68
4.50
4.30
4.24
4.31
4.29
4.29
4.34
4.30
4.30
4.26
4.28
221. 07
639. 76
121.75
132.61
253. 67
714. 81
138. 36
165. 30
239. 67
674. 63
134. 87
151. 72
249. 58
707. 12
137. 57
158. 36
256. 36
720. 84
140. 30
167. 48
257. 30
719.14
139. 86
171.89
252. 72
700. 75
138. 73
170. 62
257. 69
714. 15
142. 83
172. 93
262. 53
738. 52
142. 74
172. 71
262. 16
747. 52
138. 68
170. 41
261. 09
743. 24
137. 59
171. 16
Dividend yields, preferred stocks, 14 high-grade
(Standard & Poor's Corp.)
percent-Prices:
Dow-Jones averages (65 stocks)
Industrial (30 stocks)
Public utility (15 stocks)
Railroad (20 stocks)
Standard & Poor's Corporation:^
Industrial, public utility, and railroad:
Combined index (500 stocks)
1941-43=10.-
62.38
r
3.11
3.12
3.07
4.39
3.15
2.42
3.13
3.15
3.04
4.21
3.14
2.50
3.22
3.25
3.14
4.22
3.22
2.55
3.23
3.25
3.13
4.42
3.12
2.54
3.08
3.10
3.00
4.21
3.02
2.48
3.10
3.12
3.14
4.41
3.12
2.57
r
12 95
4.87
5.23
3.03
3.03
3.22
4.57
3.08
2.52
3.21
3.23
3.29
4.46
3.25
2.61
3.15
3 15
3.25
4 37
3.17
2.57
r
11.05
4.91
6.37
3.10
3 12
3.21
4 33
3. 13
2.52
3.07
3.07
3.20
4.21
3.14
2.48
266
759
137
176
33
94
77
16
3.03
3.01
3.25
4 20
2.99
2.46
13 75
5. 05
14 45
4 99
6 29
r
4.32
3.04
3.02
3.28
4.21
3.02
2.49
4.31
272. 31
776 62
140 19
180. 93
4.31
276
793
140
184
74
03
09
55
4.34
4.38
282. 93
812 18
139. 25
191.97
286. 09
820 94
139. 02
196. 15
69. 87
65. 67
68.76
70.14
70.11
69.07
70.98
72.85
73.03
72.62
74.17
76.45
77.39
78.80
79.94
65.54
58.15
54.96
59.16
30.56
73.39
63.30
62.28
64.99
37.58
68.71
59. 28
57. 55
63. 35
34.60
72.17
62.07
60.29
64.64
36.25
73.60
64.43
62.18
65.52
38.37
73.61
64.03
62. 32
64.87
39.34
72.45
61.82
61.41
64.47
38.75
74.43
63.30
63.45
66.57
39.22
76.63
64.96
66.45
67.09
39.00
77.09
65. 57
67.09
65. 55
38.31
76. 69
66.45
66.44
64.81
38.60
78 38
68.54
66.38
65 64
39.92
80 85
71.89
67.36
67. 26
41.00
81 96
72.92
68. 11
67 20
41. 54
83. 64
75,48
70.15
66. 78
42.88
84.92
76. 52
70.93
67. 30
43.27
33.75
66.19
57.43
36.75
74.81
63. 38
35. 86
72.22
62.38
35.96
74.66
64.18
36. 68
75. 65
63.78
37.01
75. 85
62.76
36.87
75.29
62.58
37.76
76.82
63.61
38.33
77.31
64.96
37.04
76.05
63.79
36. 67
75 24
63.00
36. 29
75 37
63.73
37.60
77 39
65. 46
37.06
75 90
66. 19
38. 49
70. 90
67. 06
39.20
77 17
67. 07
4,561 ' 5, 359
139
153
4,019
122
5,485
160
5,592
169
5,036
149
4,533
132
5,033
144
6,093
170
7,049
184
* 6, 003
6,156
169
7.649
200
5,317
6, 401
140
185
3,945
99
4,574
113
3,485
91
4,794
121
4,849
126
4,279
107
3,827
96
4, 215
5,161
123
5,943
136
5, 082
5 154
6 149
4 280
145
102
5 325
80
96
75
107
105
91
76
92
107
122
94
99
117
88
114
124
Shares listed, N.Y. Stock Exchange, end of mo.:
Market value, all listed shares
bil. $__ 339. 29
Number of shares listed
millions-. 7,464
386. 63
7,906
365. 93
7,750
383. 59
7, 793
389. 90
7,881
383. 00
7,923
382. 21
7,952
400. 96
7,972
396. 24
8,010
407. 24
8,029
401. 60
8.042
411.32
8,108
422. 51
8,183
428. 42
8,214
436. 79
8, 301
441. 72
8. 378
Industrlal total (425 stocks) 9
do ..
Capital goods (122 stocks)
do
Consumers' goods (188 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 and casualty insurance (22 stocks) f - _ 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--
102
149
111
123
137
FOREIGN TRADE OF THE UNITED STATES
FOREIGN TRADE
Value t
Exports (mdse.), incl. reexports, totall
Excl. Dept. of Defense shipments
Seasonally adjusted
mil. $_. 1, 806. 0 1, 934. 0 2, 123. 8 2, 057. 6 2, 168. 0 1, 865. 6 1, 818. 0 1, 903. 2 1, 823. 5 2, 079. 8 2,104.5 2. 155. 4 2,117.5 2, 091. 5 2, 179. 3
1, 745. 4 1, 857. 3 2, 057. 6 1, 968. 3 2, 074. 6 1, 779. 2 1,713.6 1,810.7 1, 765. 5 2, 023. 0 2, 028. 5 2, 092. 3 2, 025. 0 1, 994. 5 2, 127. 2
do
1, 960. 4 1, 912. 7 1, 892. 6 1, 784. 7 1, 823. 0 1 894 6 1 979 6 1 946 4 1 944 6 2 049 4 9 037 3 2 o°8 7 2 077 r)
do
By geographic regions: A
Africa.,Asia
Australia and Oceania
Europe
_ __
81.8
343.7
39.8
543.5
82.4
398.1
43.6
589. 0
99.1
469. 3
41.9
670. 0
96.1
402. 5
42.7
630.8
91.8
398.3
49.6
659.2
347. 5
44.3
553. 8
87.4
395.2
41.6
494.7
78.6
401 7
42 3
561 3
79
381
40
544
do
do
do
319.4
130.7
167.7
343.2
142.2
152.6
316.3
154.0
177.8
344.0
150. 6
180.7
394.4
156.4
191.1
371.0
138. 0
146.2
329. 9
136. 3
141.8
328.7
1-40 2
156.2
349.1
142 9
131. 1
405. 9
154 5
149.9
359. 2
152 6
171 9
355. 4
1--7 1
170 5
339.6
149 4
156 2
341. 6
149 7
147 3
By leading countries:
Africa:
United Arab Republic (Egypt Reg.)
Republic of South Africa
do
do
19.6
18.6
17.5
23.0
19.4
25.1
30.3
23.3
25.7
20.8
19.8
21.3
15.1
22.6
13.8
23.9
16.0
24.8
16.2
24.5
13.6
26.4
17.7
29.8
13.4
26.1
22.8
29.7
Asia; Australia and Oceania:
Australia, including New Guinea
India
Pakistan
Malaysia©
.do
do ._
. do
do
34.2
55.8
23.7
36.5
67.0
32.3
35.1
83.0
38.2
37.7
66.7
43 0
38.9
71.0
30 6
38.5
58.6
22 0
33.5
70.7
24 5
34.1
6?. 1
37 3
32.2
60 6
36 9
37.7
72 8
47 8
50.0
76 5
25 6
45.4
98 7
45 5
37.6
80 2
25 5
6 2
40.8
70 2
21 3
58
do
do ...
do
9.9
22.4
117.9
8.8
26.9
141.5
13.2
35.0
162.9
7.6
26.7
129 3
8.2
29.4
134.2
8.6
21.6
113.7
6.0
25.7
136 8
4 8
26 2
144 7
10 9
24 1
139 4
7 8
35 5
152 7
12 8
29 9
173 9
7 9
29 3
168 8
12 8
30 2
184 6
6 7
29 9
166 0
do .
do
do
48.9
.1
90.0
56.5
.5
92.0
70.7
.1
111.2
57.6
2
90.6
56.6
1.1
90.3
59.0
oo o
51 1
do
do
do
64.1
1.3
89.6
73.4
1.7
96.8
73.2
.9
107.7
77.5
.8
92.0
84.2
2.1
93.9
82.3
_
_
_
_ _
Northern North America
Southern North America
South America
Indonesia
Philippines
Japan
__ . .
Europe :
France
East Germany
West Germany
Italy
Union of Soviet Socialist Republics
United Kingdom.
do
do
. do .
do
r
2
Revised.
» Preliminary.
1 Quarterly average at annual rate.
For 12 months
ending Dec.
3 Less than $50,000.
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.
t Re vised series; former series covered fire insurance only.
(3)
88.1
1.8
71.4
2
75.8
70.9
2.8
80.4
52 7
1
2
7
8
79
44^
44
658
3
4
8
8
92
438
55
671
6
0
8
6
95
489
59
678
6
7
7
9
86
449
48
695
2
4
6
1
95
420
47
702
6
1
4
0
(3)
(3)
90.9
88.4
63 5
1
98.2
64 1
19
103.9
64 7
2 3
103.0
84 2
32
97.6
66 0
35
97.8
80.5
68.6
.6
104.3
72 9
3.6
130.7
74 4
1.6
125.6
80 9
1.7
114.5
70 8
8.3
122.9
75 2
29.3
123.9
2.2
87.1
^Revisions for various periods prior to Feb. 1963 will be shown later.
^Includes grantaid shipments under the Dept. of Defense Military Assistance Program, as well as economic
aid shipments under other programs.
AExcludes "special category" shipments.
©Country designation established Jan. 1964.
SUEVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962 I 1963
Monthly
average
May 1064
1964
1963
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value— Continued t
Exports (mdse.), incl. reexports— Continued
By leading countries— Continued
North and South America:
Canada
mil. $~
L/atln American Republics total?
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Venezuela
-
do
do
__do
do
do
- do --- do
do
343.2
316. 2
344.0
394.4
371.0
329.8
328.7
349.1
405.9
359.1
355.4
339.6
341.6
270.3
262.8
295.2
300.5
315.6
255. 4
249.6
263.9
241.1
267.9
286 2
278.5
269 8
261.7
31.6
35.4
14.2
18.9
1.1
67.1
39.2
15.7
31.4
13.5
20.0
3.0
68.9
42.3
19.7
40.0
13.4
20.7
.4
69.4
53.3
16.9
57.8
13.2
22.0
7.5
74.0
40.1
24.4
43.6
16.9
24.1
11. 1
73.3
51.4
15.1
28.0
15.4
19.5
15.6
27.7
14.2
21.0
3.7
66.4
34.9
14.4
29.0
14.5
22.6
0)
65.1
44.1
10.3
20.5
12.6
18.4
0)
70.7
41.2
15.2
21.7
13.0
22.6
0)
78.1
46.5
17.2
30.9
15.1
21 7
0
75.3
48.3
18.8
29.3
14.4
24.6
0)
69.4
49.7
15.1
32.4
13.1
20.4
(i)
72.5
43.6
19.5
23.1
12.2
19.8
0)
76.6
40.5
1, 783.6 1, 910. 1 2,097.4 2, 030.7 2, 142.9 1, 840.8 1,797.1 1, 879.2 1,801.8 2, 055.6 2, 079. 1 2, 131. 6 2, 090. 6 2, 063. 0 2,151.3
do
do
do
do
do
186.2
167. 5
113.8
253. 4
1,062.7
214.7
189.4
124.8
273.6
1,107.6
204.9
190.0
157.1
289.9
1,255.5
186.7
220.9
138.8
278.6
1,205.7
200.4
234.8
139.8
308.3
1,259.6
199.1
175.6
103.9
259.5
1,102.7
182.6
181.0
113.2
272.3
1,048.0
212.2
158.8
124.0
300.2
1,084.1
- do
419.5
465.4
505. 2
499.7
505.4
412. 9
410.6
408.7
433.7
552. 6
574. 5
588. 1
542.2
525.3
530.8
26.1
44.8
35.8
171.4
11.8
40.9
26.6
48.9
37.2
38.2
59.2
37.7
207.6
12.8
37.7
36.0
41.2
31.6
232.4
10.1
36. 5
32.8
42.8
38.6
241. 1
11.8
33.1
23. 4
34.5
39.0
172. 2
11.4
39.5
26.0
25.9
'37.6
179.7
10.6
35.0
26.4
36.7
33.9
156. 3
11.7
44.7
32.1
41.9
37.0
162. 3
13.0
64.2
28.9
50.9
50.0
211.2
16.4
73.0
20.7
67.8
40.0
220.9
17.3
60.1
25.4
86.1
37.4
247.7
13.8
55.4
26.6
79.0
32.2
234.6
16.8
38.0
27.8
74.9
33.7
226.3
16.0
37.0
33.1
64.4
33.3
238. 2
14.5
30.0
1.444.7 1,592.2
By economic classes:
Crude materials
Crude foodstuffs
-Manufactured foodstuffs and be veragfS-.
Semimanufactures c^
Finished manufactures d" -
\nimal and vegetable oils and fats*
do _ _
Cotton unmanufactured
do
Fruits, Vegetables, and preparations — do
Grains and preparationsf
do _ _
Meat and meat preparations*
do.
Tobacco and manufacturesA do
do
1,364.1
Automobiles parts and accessories
Chemicals and related products!
Coal and related fuels
Iron and steel products
do
do
do
do
115.2
M"achlnerv total §9
N on agricultural products total?
Agricultural
Tractors, parts, and accessories
Flectrical
Metahvorking§
Other industrial
Petroleum and products
Textile^ and manufactures
By geographic regions: O
\frica
\sia
_.
Australia and Oceania
Europe
191.7
12.3
43.6
1,531.0
1,637.5
1,427.9
1,386.6
1,470.5
1,368.1
r 124. 1
149.3
32.0
50.9
129.5
178.6
29.8
60.2
161.0
36.3
58.7
129. 0
179.0
47.2
65.0
119.1
158.3
42.0
56. 0
107.1
163.1
37.0
61.6
112. 7
176. 3
53.8
62.6
115.3
162.1
53.3
56.5
146.1
175.0
50.5
64.0
165. 3
169. 9
46.0
60.6
159. 7
165.4
37.8
64.8
148.2
171.1
33.9
63.1
151.6
172.3
31.6
61.8
149.0
191.9
30.5
67 9
do
435. 1
453. 4
516. 3
490. 5
518. 5
461.8
431.0
446. 0
411.1
462. 7
477.1
491.7
486.8
510. 4
542 8
do
do
do....
do
do
13.2
30.3
105.9
44.5
208.1
15.2
35.2
113.4
37. 0
216. 5
18. 6
36. 2
120. 7
44.2
249. 6
19. 2
39. 6
119.1
43. 9
235. 4
19.3
38.4
126.3
44.5
253. 4
19.2
38.5
111. 9
34.7
224. 0
18.4
33.0
104. 2
31.2
211.2
16.6
36. 5
111.7
29. 0
212.9
10.6
31.2
108. 9
34.6
192.4
11.7
41.1
114.0
38.1
218. 0
11.4
36.9
124.2
37.5
228. 4
12.7
39.6
122.5
42.2
236. 8
15.8
39.2
125. 6
39.1
226.2
20.1
36.5
132.7
42.1
238.4
23.9
45. 6
123. 0
44.4
264. 2
36.8
57.3
41.0
57.8
41.1
66. 1
46. 1
60. 3
42.7
62. 2
37. 1
57. 6
42. 6
53. 3
41.5
57.8
41.0
55. 2
41.1
65. 0
39.4
63. 2
41.9
62.8
37.7
<• 59. 6
35.1
61. 5
38.4
70.9
1,365.8 1,428.5
1,463.0
1,486.7
1,454.2 1,459.9
1,417.2 1.420.2
1,356.5
1,420.5
1,502.6
1,457.5
1,458.3
1,508.3
1,398.5
1,450.4
71.7
266. 1
36.3
422.4
54.8
252.9
37.1
362. 3
61.4
283.3
53. 2
441.8
67. 6
306. 4
48.6
370. 9
58.4
267. 6
52.9
378.7
do
do
-- --
r
do
do. ._
do
do
62.8
246.7
36.6
385. 0
64.8
266. 1
41.8
400.8
71.2
265. 8
42.5
433. 0
67. 9
269. 9
31.2
412.8
305. 2
319.4
327. 5
334.7
285. 3
Northern North America
- do
146. 4
123.1
127.4
144.7
131. 2
Southern North America
do
204.2
198.3
207.7
234.0
183. 5
South America
- - do
Bv leading countries: O
Africa:
2.1
3.2
1.4
1.7
United Arab Republic (Egvpt Reg ) do
21.4
13.6
28. 1
21.6
28.0
Republic of South Africa
do
Asia; Australia and Oceania:
26.6
22.1
17.7
24.4
18.7
Australia including New Guinea
do
24.5
25.2
27.9
21.3
95 2
India
do
3.5
3.8
5.4
3.6
5.0
Pakistan
do
A'lalavsia©
do
11.2
9.4
10.1
8.9
9.3
Indonesia
do
27.4
26.9
29.7
25. 6
31.8
Philippines
do
113.2
127.2
124.4
116.8
124.8
Japan
_
__do__
Europe :
34.2
37.0
35.7
35.8
33.3
France
do
.2
.2
.3
.3
.8
East Germanv
do
80.1
83.6
90.8
86.7
83. 6
West Germanv
do
40.4
41.1
42.6
46.7
37.7
Italv
.
do
2.9
1.5
1.4
1.7
1.3
Union of Soviet Socialist Republics
do
84.6
99.6
83.8
89.9
101.0
United Kingdom
do
North and South America:
285.2
327.4
305. 0
319.1
334.4
Canada
_ _.
do
287.6
323.2
298.2
282.2
273.7
Latin American Republics total 9
do
11.2
8.9
13.0
15.5
13.7
Argentina
do
45.1
56.8
36.0
46.8
28.8
Brazil
do
27.7
18.4
12.4
15.9
15.7
Chile
do
22.9
14.3
27.6
20.7
21.4
Colombia
do
0
0
.6
Cuba
_
. d o
(l^
0)
49.5
48.2
60.0
61.3
55.0
Mexico
.. do .
85.1
77.6
81.3
78.1
Venezuela
_
do
76.8
r
Revised.
*> Preliminary.
1 Less than $50,000.
2 Beginning Jan. 1963, excludes
exports of certain fertilizer materials, coal-tar and synthetic resinous products, chemical
specialties? etc.; in 1962, such exports totaled $52.6 mil.*
JSee similar note on p. S-21; for exports, see also note "!" on p. S-21.
9 Includes data not shown separately.
cf Data for semimanufactures reported as "special category, type 1" are included with
finished
manufactures.
*New series. Data prior to Sept. 1962 may be obtained from Bu.
http://fraser.stlouisfed.org/
of Census reports.
Federal Reserve Bank of St. Louis
284.9
272.7
215.5
237.9
281.6
222.9
247.4
221.4
232.6
228.3
227.6
209.7
166.7
227.4
132.6
131.9
135.8
122 2
137.3
135. 1
127.7
296.5
297.1
326.4
285.0
289.5
270.0
300.7
1,020.1 1.132.3 1,149.9 1,185.1 1,187.4 1, 188. 5 1,245.3
' 125.5
2 161. 9
40.2
57.4
- do-_
do
General imports totalO
Seasonallv aditistedO
(0
70.6
39.6
do
Exports of U 8 merchandise total
By principal commodities:
Agricultural products total 9
319.4
1,503.1 1. 504. 6 1,543.5 1. 548. 3 1, 537. 6 1.620.5
1,591.3 1,425.1
1,458.8 1,465.3
1,529.9 >-l,446.7 1, 337. 7 1,592.3
1,477.7 '•1,421.8 1,445.3 1 522 9
74.0
297 8
48.1
466. 1
59.5
265. 2
31.6
445. 1.
71.0
252.1
43.2
427.6
67.6
283. 0
35.7
400. 9
71.4
203. 7
30.5
394.6
89.8
282.9
38.3
456. 1
351.1
140.9
243.0
307.4
150. 4
199.8
'301.9
142.2
192.7
337.4
152.1
234.9
38
21 1
r
342.7
132.2
174.2
339.2
128.9
194. 7
334.6
109. 1
220.9
301.4
102.4
236. 6
354. 2
115. 7
235. 1
312. 0
114.2
197.5
3.9
16.8
1.2
23.3
.5
31.4
1.1
17.8
5.0
18.9
.5
17.4
1. 1
25.8
1.0
24.1
1.0
20.3
24.1
23.3
3.6
28.0
26.7
2,9
30.9
25.6
3.3
34.2
21.7
3.2
36.8
25.8
4.0
20.7
22.9
3.7
29.0
21.0
3.7
' 19.2
9.7
35.0
109.7
8.5
35.8
143.3
10.5
44.9
145. 6
8.4
32.5
124.9
9.8
36.9
139.8
9.7
18.0
134. 7
8.0
29.9
118.0
27.7
22.3
4.3
14.3
13.4
32.2
130.6
18.0
2.6
9.9
10.0
15.1
100.6
24 9
24 0
32
14 8
15.0
34.9
133. 3
36.2
.2
75.1
38.2
1.2
83.2
44.6
.3
92.3
47.0
1.5
100.9
35.8
.2
75.1
46.1
1.8
89.8
31.5
.2
81.1
34.7
4.5
83.8
45.5
.3
92.1
50.2
1.8
106.0
42.0
.2
94.9
46.4
1.2
100.6
37.1
.1
92.2
43.5
.9
91.6
35.9
.3
92.0
36.3
1.2
83.5
35.0
.8
78.7
33.7
2.0
85.3
39 5
7
106 1
40.3
10
90.8
342.2
258.4
8.8
36.3
18.4
12.7
338. 6
272.2
14.5
43.1
14.5
20.7
0)
39.5
76.2
334.3
286.5
16.2
42.6
19.8
28.8
0)
39.4
82.2
300.9
293.6
17.2
56.4
15.9
34.9
354.0
301.3
17.6
53.7
14.6
31.6
0
46.4
73.4
311.7
269. 3
11.0
62.9
11.3
17.5
0)
46.6
63.1
350.9
332. 9
20.9
67.5
14.0
14.4
307.2
294.7
11.6
43.6
16.6
14.2
301.8
284.5
9.7
38.0
7.4
22.2
55.6
88.1
63.6
85.3
337.3
338.7
10.8
60.7
20.9
23.2
(i)
67.2
87.2
0)
46.5
75.3
0)
37.3
67.2
(0
0)
C1)
59.1
89.3
t Revised to include SITC items classified as "cereals and preparations"; not comparable
with data published in the 1963 BUSINESS STATISTICS and in SURVEY issues prior to Nov.
1963.
AManufactures of tobacco are included in the nonagricultural products total.
§ Excludes "special category, type 1" exports.
OFor certain recent months, the data by regions and countries exclude imports unidentified by area of origin.
® Country designation established Jan. 1964.
SURVEY OF CURRENT BUSINESS
May 10G4
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1963
Monthly
average
S-23
1964
1963
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar .
Apr.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value— ContinuedJ
Imports for consumption, total
mil. $-. 1,354.3 1, 417. 8
By economic classes:
278.2
274.0
Crude materials
do
148.0
143.8
Crude foodstuffs
do
149.3
166.5
Manufactured foodstuffs and beverages.-do
282.4
300.4
533.2
496.
3
Finished manufactures
__do
By principal commodities:
322.3
334.8
\griculturalproducts total 9
do
Cocoa (cacao) beans, Incl. shells
do
Coffee
do
Rubber, crude (Incl. latexandguayule).-do
Sugar (cane or beet)
do
Wool and mohair, unmanufactured
do
Nonigricultural products total 9
do
Furs and manufactures
do
Iron and steel prod. (excl. adv. mfs.).--do
Non ferrous ores, metals, etc.:
Bauxite crude*
do
Aluminum semimfs. (Incl. calcined bauxite^*
mil. $..
Copper crude and semimfs *
do
Tin including ore
do
Paper base stocks
Newsprint
Petroleum and products
Indexes
Exports of U.S. merchandise:
Quantity
Value
TJnit value
Imports for consumption:
Quantity
Value
Shipping Weight and
Wa forborne trade:
Exports find,
reexports) :§
Shippin 0 " weight
Vrtluo__l
Gonernl imports:
Shippin 0 " weight
Vnlne
Airborne trnde:
Exports (incl.
reexports) :f
Shinnin 0 " weight
Vnlne
Genernl imports:
^hippin 0 " weight
V'llue
-
do
do
_do
— -1957-59= 100. _
do
do
do
do
1,418.8
1,449.6
1,437.2
1,327.8
1,505.3
1,479.1
1,375.1
283.8
157.8
158. 8
292.2
526.2
273.2
164.0
153.0
312.5
546.9
281.5
137.3
162.0
312.0
544.4
266.3
105.0
174.0
293.2
489.3
281.0
128.9
184.4
317.5
593.5
314.3
126.6
177.3
313.6
547.2
260.2
140.2
183.1
285.7
505.8
273.3
168. 7
198.2
326.4
611.8
238.0
153. 3
163.0
300.4
573.0
284.5
158.7
197.4
315. 0
556.0
323. 1
1,578.3 1, 427. 8 1,511.6 '1,464.9 1,322.3 1, 567. 3
T
274.3
160.8
133.5
343.0
553. 4
246.8
161. 5
105. 5
314.1
494.5
274.1
202.4
150. 7
339.0
601.1
383. 1
352.5
348.2
295.6
333.6
345.2
345.4
377.5
319.8
369.4
332.7
295.4
11.0
82.4
19.0
42.0
17.4
11.3
79.7
16.4
50.9
18.8
13.1
83.0
17.9
43.7
25.1
17.2
90.1
19.1
46.0
19.7
11.1
71.0
18.0
48.0
18.9
12.1
51.5
12.8
73.0
15.7
7.5
78.4
13.3
64.3
22.1
8.4
76.7
16.5
62.5
17.2
9.7
89.3
13.5
59.7
12.7
9.4
100.9
15.0
53.4
16.7
7.2
88.8
13.6
31.8
11.9
11.1
90.1
14.0
68.8
22.9
14.4
87.4
19.4
26.3
19.7
12.5
'94.0
13.2
16.5
20.6
1,031.9
1,083.1
1,066.3
1,101.4
1,114.1
1,032.3
1,171.7
1,133.8
1,029.6
9.7
47.3
110.9
59.4
9.8
52.7
11.4
56.2
10.7
65. 5
9.5
63.7
7.0
75.3
5.7
71.0
10.1
9.5
7.0
9.8
10.0
9.4
10.5
14.7
20.8
9.7
16.9
121.6
9.1
10.3
17.8
9.5
16.0
20.2
9.7
18.2
20.1
10.9
21.6
23.8
10.7
30.0
58.0
147. 1
30.1
57.3
i 149. 1
29.1
44.3
147.6
28.6
59.9
154.0
28.7
63.1
144.1
p 120
pl23
P102
132
135
103
128
131
102
128
122
95
132
125
95
112
115
' 102
J-122
"117
"95
1
1,200.8 1, 108. 0 1,142.2 '1,132.2 1, 026. 8 1,184.2
10.1
59.1
7.9
70.4
6.1
65.3
26.3
54.0
16.3
60.7
13.7
54.1
11.7
9.8
8.8
8.2
9.4
9.6
11.2
24.0
20.2
8.5
18.7
28.3
11.1
17.8
126.1
6.4
17.0
26.1
9.2
17.9
23.3
8.7
17.7
25.1
8.2
17.1
26.1
9.8
14.8
29.5
7.3
32.1
57. 1
129.7
30.5
62.5
146.4
31.9
57.7
146.5
28.7
57.9
132. 3
34.6
66.5
149.0
31.1
58.1
135.9
32.0
68.0
164.9
31.7
56. 8
193.1
31.1
52.4
154. 1
'135
138
'102
'1 16
^119
'102
113
116
102
119
121
102
114
116
'101
130
132
102
131
134
135
137
'101
130
124
95
118
114
97
134
129
96
131
127
97
66, 274
50, 710
14, 547
4,801
3.245
62, 863
50, 212
14,051
4,458
' 2, 949
20.8
581
20.8
552
1
' 102
59.7
58.7
Value
11,215 13, 010
thous. sh. tons
mil. $__ 1,105.6 1, 232. 7
thous sh tons
mil. $
11. 231 12. 625 15. 128 13. 061
1,381.6 1. 309. 2 1, 390. 4 1.170.6
17, 552 17 706 15. 620 16, 858 18, 277
983. 6 1, 033. 2 1,061.8 1, 054. 5 1,051.3
18. 778
982. 6
13. 573 14, 846 14, 368 15, 070 14. 796 13. 8S7
1,164. 7 1. 219. 2 1,164.3 1,375.6 1 , 408. 6 1,450.0
19. 493 19, 996
1,116. 0 1, 089. 0
18, 394
1,049.0
19, 076 ' 17, 066 17, 569
1,163.9 '1,032.0 1. 077. 2
thous sh tons
mil $
9.1
124.0
10.4
135. 7
9.8
147.3
9.5
133.6
10.3
142.2
9.4
127.0
9.6
119.8
10.3
120.4
10.2
126.6
ll.fi
140. 4
11.0
131. 5
11.3
141. 9
thous sh tons
mil $
4.1
59.7
4.7
67.9
4.7
60.7
4.1
61.3
4.2
61.1
4.0
58.0
4.5
66.5
4.3
56. 8
4.3
67.9
5.4
81.3
5.3
82.8
5.3
89.0
62, 455
51, 397
13, 376
4,446
2,861
65, 758
55, 581
19, 401
4,732
3,221
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Air Carriers
Scheduled domestic trunk carriers:
Financial operations (qtrly. avg. or total):
Operating revenues total 9
mil. $
Transport total 9
do
570.6
566.0
509.8
37. 1
14.4
551.5
1.7
Property
do
IT S mail
do
Operating expenses (incl depreciation) do
Net income (after taxes)
do
Operating results:
Miles flown (revenue)
thous.. 59, 409 '63, 828
'45, 296 49, 195
Express and freieht ton-miles flown. do
13, 575 '14, 167
Mail ton-miles
flown
do
3,990
4,548
Passengerroriglnnted (revenue)
-do
3,048
Passenger-miles flown (revenue)
mil-- 2,667
567.9
563.7
509.6
37.0
14.2
572.4
'' 15. 6
62, 735
46, 423
14,382
4,264
2, 855
Express Operations
Transportation revenues
Express privilege payments
_
mil $
do
2 95. 9
229.2
295.9
228.6
88.4
25.3
Local Transit Lines
Fares, average cash rate
Passengers carried (revenue)
Operating revenues (qtrly. avg. or total)
cents
mil
mil. $_.
20.1
594
350.8
20.5
'576
346.5
20.4
"604
331.9
632 1
627 9
569.0
39.1
14 7
577 6
20.2
62, 393
46,919
14, 191
4,553
2,986
64,751
50, 109
14, 249
4,484
2,890
66, 502
46. 151
13, 002
4, 648
3,251
67, 333
51, 894
13, 617
5, 151
3,588
20.4
'610
20.4
'620
20.4
'550
357 0
64, 335
52, 766
13,043
4,639
3,119
66, 676
57, 797
15,033
4,917
3,165
96 3
29.9
93 5
27.8
Motor Carriers (Intercity)
Carriers of property, class I (qtrly. avg. or total):
3954
Number of reporting carriers
1,343
Operating revenues, total. _
mil. $
1.286
Expenses, total
__.do
Freight carried (revenue)
mil. tons..
87
r
d
a
Revised.
v Preliminary.
Deficit.
Jan. 1963 revision, 584 mil. passengers.
i Effective Sept. 1963, data reflect
adoption of I'.S. Tari I Schedule and are not entirely
2
comparable
with earlier figures.
Quarterly average.
3
Number
of
carriers
filing
complete
reports for 1962.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
64, 620
47, 334
13, 164
4,966
3,431
_
653 3
648 7
587.3
41 0
14.2
592. 8
27.6
20.5
'533
20.5
534
20.5
'560
330 3
105 4
31. 3
20.6
'630
20.7
'563
20.7
'590
366.8
20.8
585
JSee similar note on p. S-21.
9 Includes data not shown separately.
*New series. Data prior to Dec. 1962 may be
obtained from Bu. of Census reports.
§ Excludes "special category" shipments and all
commodities exported under foreign-aid programs as Department of Defense controlled cargo.
ISee" similar note on p. S-21.
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1963
Monthly
average
May 1964
1963
Mar.
Apr.
May
June
July
1964
Aug.
Sept.
Oct.
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Motor Carriers (Intercity)— Continued
Freight carried, qtrly. index of volume, class I and
II (ATA)
average same period, 1957-59— 100__ i 120. 3 1 126. 3
Carriers of passengers, class I (qtrly. avg. or total):
2140
Number of reporting carriers
Operating revenues total
mil. $__ 131.2
111.8
Expenses total
do
56.8
Passengers carried (revenue)
mil
Class I Railroads
Freight carloadings (AAR):
Total cars
-Coal
Coke
Forest products
Grain and grain products
121.3
124 0
125 4
_thous__
-do
do
do_
do
2,394
439
30
158
231
2, 406
461
32
156
234
2,129
383
31
148
216
2,240
423
33
'144
210
2, 389 3 2, 971
3571
449
3 43
35
3182
148
3268
205
2,137
300
30
135
229
Livestock
-do
Ore
do
Merchandise I c 1
do
Miscellaneous
do
Freight carloadings, seas. adj. indexes (Fed. R.):t
Total
1957-59=100-.
Coal
do
Coke
do
Forest products
do
Grain and grain products
do
Livestock
__
do
Ore
do
Merchandise 1 c.l _
do
Miscellaneous
do
17
144
97
1,277
14
147
72
1.289
12
63
76
1,200
13
79
73
1,266
13
185
71
1,284
310
3260
•' 84
1,554
8
212
63
1,161
492
90
81
97
101
67
83
49
94
*93
95
88
96
102
52
84
36
95
94
88
84
98
108
59
84
40
97
96
96
94
95
109
58
76
39
98
97
101
106
96
109
54
86
38
98
95
100
107
93
99
49
81
36
97
94
100
104
94
86
51
83
36
97
Financial operations (qtrly. avg. or total):
Opern tin° revenues total 9
mil. $
Freight
__do__
Passenger
do
Operating expenses
do
Tax accruals and rents
do
Net railway operating income
do
Net income (after taxes)
__do--
2, 360. 1 2, 389. 9 2 238 0
1, 997. 8 2, 036. 5 1,905.5
154.8
147.0
141.0
1,854.3 1,862.9 1, 798. 0
324.1
325.6
314.2
181.6
201.4
125.8
143.0
162.9
81.5
Operating results:
Freieht carried 1 mile (qtrly.)
bil. t on-miles. .r5 151.6 5 158. 9
Revenue per ton-mile (qtrly. avg.)
cents.. r 5 1.349 s 1.310
Passengers carried 1 mile, revenue (qtrly. ). .mil. - M.976 s 4, 624
148.7
1.320
4,253
3
3
2, 872
3582
3 34
3
189
3270
2, 307
464
28
147
200
2, 518 32,859
3561
474
335
27
3
183
155
258
3303
1,972
417
29
130
197
2,045 3 2, 645
415
3512
341
31
136
3196
227
3267
2,105
393
34
154
186
2,202
407
35
151
177
3 13
15
205
64
1,185
25
183
65
1,331
325
3157
373
3 1, 523
10
55
53
1,081
10
50
51
1,125
375
370
3
1, 473
10
66
54
1,207
10
114
53
1..254
91
97
84
95
101
43
87
34
92
93
94
75
98
112
48
81
33
93
92
94
78
96
105
56
104
31
92
94
90
84
97
109
50
91
33
96
97
91
89
99
111
50
89
31
101
97
89
90
106
104
51
93
31
100
94
90
92
103
93
50
88
28
98
95
93
100
99
92
42
123
28
97
3260
3
3 81
1, 444
91
99
90
93
97
51
81
91
2 473 7
2,118.9
150 9
1, 883. 2
356.1
?34 4
188 8
2 398 0
2, 035. 0
157 1
1.874.1
326 8
197 1
156 1
165. 2
1 310
4. 695
158 ?
1 312
5 225
2 446 6
2, 084. 2
138.6
1,893.5
304 4 .
248 7
225 1
3 10
._._
"::"""
" ""
163.4
1 300
4, 315
Waterway Traffic
Clearances, vessels in foreign trade:
Total IT S ports
thous. net tons.. 14, 913
12, 066
Foreign vessels
do
2,847
United States vessels
do
Panama Canal:
Total
In United States vessels
15, 625
12, 784
2,842
14, 583
11,901
2,682
14, 929
12,067
2,862
17,463
14.169
3,294
16, 003
13, 166
2,837
17.087
13, 875
3.212
17, 485
14, 331
3,154
16, 341
13, 486
2, 855
16, 531
13, 433
3,098
16. 686
13,618
3, 068
15 454
12 573
2, 881
5,454
780
5,610
744
5,379
792
5, 721
835
5,460
821
5,924
862
5,641
837
5,702
1,000
5, 925
968
5,399
722
5. 691
708
5, 832
613
6,187
906
6,269
965
9.35
61
112
9.37
60
109
8.87
61
116
9.67
63
107
9.09
61
121
9.64
62
110
8.75
54
107
9.60
59
104
9.56
63
107
10.24
68
109
9.82
58
101
8.90
47
107
9.09
57
105
9.26
60
109
8.87
59
108
thous. _
do
do
do
do
do
195
191
125
103
76
2.737
218
216
130
110
88
2,779
210
201
113
91
108
928
187
212
121
103
139
1,434
189
200
128
108
149
2.082
230
341
136
1 26
128
5,082
295
333
155
131
100
7, 504
391
283
169
140
78
7,705
271
207
173
134
65
3,278
219
186
144
123
56
2,331
174
146
118
103
40
1,104
158
161
112
116
47
661
173
71
686
81
790
121
1,000
mil..
726
12, 076
629
10, 477
706
12, 159
792.6
440.0
270.4
468.2
139.6
70.8
845.6
465.4
289.7
495.7
152.3
73.7
830. 3
457.3
285.1
488.1
145. 7
71.5
836.0
462.2
286.3
492.4
147.9
71.7
853.4
464.5
299.9
502.9
151.9
71.9
836.3
463.8
280. 5
478.2
155.5
72.1
849.5
463.1
295.1
486.8
164. 2
72.3
861.4
465.6
304.4
495.1
158.1
72.5
844.2
468.0
283.2
489.8
158.2
72.9
879.0
477.3
309.1
523.4
156.1
73.2
856.8
475.2
286. 3
500.5
155.4
73.4
881.8
480.0
308.7
539.8
150.1
73.7
881.1
481.7
305.3
520.2
154.9
74.0
862.2
480.6
286.0
501.7
163.4
74.2
23,902
21, 094
1,680
23, 044
20, 977
784
23, 479
21, 289
873
24, 280
21, 867
1,118
23, 516
20, 795
1,543
23,834
21,264
1,348
24, 964
21,275
2, 590
24, 378
20, 700
2,597
25, 452
21, 527
2,983
23, 676
20,603
2,368
25, 550
21, 324
3,663
24, 449
22,213
834
23, 283
21,020
872
3,065
2,495
219
3,053
2.681
30
3,041
2,521
190
3,241
2,599
305
3,009
2,468
212
3,201
2,575
245
3, 064
2,627
99
2,949
2,330
291
3,424
2,560
509
2,859
2,186
370
2,950
2,271
156
3,138
2,403
361
2,814
2,284
98
5,077
3,882
982
5,000
3,724
1,092
4,824
3,736
871
5,058
3,838
987
4,862
3,736
895
5,117
3,926
974
5,034
3,721
1,096
5, 069
3,822
1,015
5,546
4,028
1,333
5,525
4,158
1,195
5,654
4,339
1,054
5,901
4,448
1,222
5,505
4,274
998
thous. Ig. tons. . 5,490
855
_do..
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
Departures
Aliens* Arrivals
Departures
Passports issued and renewed
National parks, visits
Pullman Co. (qtrly. avg. or total):
Passenger-miles (revenue)
611
10, 397
112
600
9 288
598
10 065
COMMUNICATIONS
Telephone carriers :
Operating revenues $
Station revenues
Tolls message
Operating expenses (before faxes)
Net operating income
mil $
do
do
do
do
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph :
Operating revenues
__ thous. $__ 22,010
20, 197
Operating expenses, incl. depreciation
do
582
Ocean -cable:
3,013
2,542
Operating expenses, incl. depreciation
do
153
Radiotelegraph:
4,675
O Derating revenues
do
3.676
Oneratlnj? exnenses incl depreciation
do
816
Net operating revenues...
___do
'Revised.
1 Annual index.
2 Number of carriers filing complete reports for 1962.
3
Data cover 5 weeks; other periods, 4 weeks. 4 Based on unadjusted data. « Quarterly
average.
t Revisions for 1962 are in the Aug. 1963 SURVEY.
9 Includes data not shown separately.
147
SURVEY OF CURRENT BUSINESS
May 10C4
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1963
Monthly
average
S-25
1964
1963
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
1,103
1 252
1 148 1 157 1 129 1 193 1 070 1 123 1 145 1 126 1 908 1 197
1 154 1 120
Acetylene
mil.cu.ft
1 216
Ammonia, synthetic anhydrous (commercial)
thous. sh. tons.. 484.1
553.8
571.4
574. 0
562 4
614 8
583.8
650.7
537 3 528 4
528 4
586 9
598 0
607 5
548 5
85.3
Carbon dioxide, liquid, gas, and solid
do
82 8
88.7
78.4
89 1
76 0
94 8
107 7
101 2
90 5
79 2
79 0
108 5
80 5
93 9
459 9
428.6
454 0
Chlorine gas (100% Cb)
do
488 6
44? 3 454 7
458 6
469 0
466 8
456 0
453 8
454 4
482 0
469 0
470 9
87.7
104. 1
87.3
91.7
90.7
Hydrochloric acid (100% HC1)
do...
91 2
94 8
86 0
88 1
88 4
85 5
87 9
87 2
92 8
88 4
Nitric acid (100%, HN0 3 )
do __. 280.8
349.7
371.5 335. 1
402 6
420.5
402 0
338 9
287 8
336 4
372 7
405 9
414 6
304 0 325 5
8,661 10, 768 11 131 11 303 11 920 11 308 10 685 10 140 10 439 10 960 10 892 11 744 12 Oil r!2 201 13 367
Oxygen (high purity)
mil cu. ft
Phosphoric acid (100%) P2O.O
thous. sh. tons.. 203. 9
241.7
260.2
257.5
284.8
267 9
273 5
269 1
236 6
204 4
229 5 238 6
253 7
261 7 253 3
Sodium carbonate (soda ash), synthetic (58%
383.9
390.1
413. 2
381.9
Na2O)
thous. sh. tons
394 5
419 8
419.1
400 0
381 2
399 6
399 3
375 2 418 9
388 0
400 0
10.6
10.9
10.5
11.4
10.9
9.3
Sodium bichromate and chromate...
_do _
11.6
11 5
11. 3
10.5
11.8
10 7
8 9
11 0
10 9
453.6
474. 7
463. 0
Sodium hydroxide (100% NaOH)
do
478.1
514 3
474 5
472 4
487 9
473 6
476 8
495 5
497 3
490 2 484 9
497 8
Sodium silicate (soluble silicate glass), anhydrous
46.1 '46.0
53.3
48.5
thous sh tons
49 3
41 4
53 1
52 6
45 7
42 5
40 9
4° 6
45 3
36 7
51 0
Sodium sulfates (anhydrous, refined; Glauber's
100.5
91.6
104. 4
salt: crude salt cake)
thous. sh.tons.- '99.5
107.8
100.2
106. 3 r 103.2
108.3
97. 6
95.4
102.6
107. 7
106. 1
106 5
1,612.6 1, 709. 8 1,761.4 1, 767. 8 1,831.3 1, 638 0 1 563 2 1 644 4 1 634 4 1 793 5 1,789 3 1 852 8 1,868 4 l,853 7 1,983.5
Sulfuric acid (100% HjSOO
do
Organic chemicals, production:^
Acetic acid (synthetic and natural)
Acetic anhydride
Acetvlsalicvlic acid (aspirin)
Creosote oil
mil Ib
do
do
mil gal
82.2
103.5
2.3
7.6
87.4
105.8
2.4
8.2
93.3
106.9
2.5
7.1
85.3
103.4
2.4
8.4
98 1
112 9
2.5
83
87 2
109 7
2.2
9 0
83 1
107 0
2.2
7 4
84 7
103 7
21
88
72
111
2
9
6
6
3
2
95 4
104 6
DDT
mil Ib
Ethvl acetate (85%)
do
Ethvlene glvcol
do
Formaldehyde (37%HCHO)
do
Glycerin, refined, all grades:
Production
do
Stocks, end of month
do
Methanol:
Natural
mil gal
Synthetic
_ __ _
do
Phthalic anhydride
mil Ib
ALCOHOL
Ethyl alcohol and spirits:
Production
mil tax gal
Stocks, end of month
do
Used for denaturation
do
Taxable withdrawals
do
Denatured alcohol:
Production
mil wine gal
Consumption (withdrawals)
do
Stocks end of month
do
FERTILIZERS
Exports total 9
thous sh tons
Nitrogenous materials
_
do
Phosphate materials
__ __ __ _
do
Potash materials
do
13.9
8.5
119.5
199.8
14.9
9.2
121. 0
212.7
17.7
8.0
113.8
214.0
17.2
9 7
117 6
211.5
16
8
116
217
4
9
6
3
15 6
10 8
114 0
203. 8
17 7
79
118 0
190 7
14
8
121
216
3
7
4
4
14
10
139
234
20.8
32.7
24.8
23.8
22.5
29.6
22 0
27 6
9
59
25 5
26 8
25 4
21 5
20 8
14 8
9 6
197 8
218 3
05 9
19 1
.1
28.0
35.6
.1
29.3
39.5
.1
26.4
41.0
.1
28.8
39 4
1
29 0
40 0
.1
27.6
40 4
1
26.3
35 6
1
31 7
37 1
52.9
151. 4
42.4
5.3
57.7
171.5
44.4
5.3
53.4
164. 2
43.8
5.3
52.9
163. 3
45 3
5.3
22.9
23.0
3.9
23.9
24.0
3.0
23.6
24.8
2.3
602
67
448
71
••625
55
'487
59
-166
18
20
39
36
Imports, total semimanufactures* 9
Ammonium nitrate
Ammonium sulfate
___ _
Potassium chloride
Sodium nitrate __
_
do
do
do
do
do
Potash deliveries (KjO)
do
Superphosphate and other phosphatic fertilizers
(100%, P 2 O S ):
Production
thous. sh. tons__
Stocks, end of month _
do
61
164
47
5
4
7
0
7
50 4
170.7
42 7
55
24.5
23.7
3.1
25 3
25 4
30
23 0
22.9
3 7
523
58
390
57
563
25
493
34
571
80
439
34
205
21
20
'73
34
201
19
26
88
8
318
33
31
125
35
197
227
284
232
423
259
412
271
399
58
175
42
4
1
7
8
8
49
177
44
5
26 8
15 9
89 5
106 1
2 6
81
90 9
191 0
2 6
88
92 3
111 8
2.8
8 2
94
101
2
7
0
6
6
1
93 4
195 4
2.7
8 4
2
0
2
3
11 4
7 3
193 1
226 4
9
9
123
290
11 4
12
88
10
191 8 109
207.0 '203
8
8
1
0
13 3
9 4
138 8
210.2
30 2
16 1
9
26
20 5
9 6
86
I
I
28*7
41 4
31 4
45 3
7
2
0
0
61 7
181 7
40 "
58
23 1
23.4
33
23 8
24 3
28
92 0
29 o
28
636
39
566
23
790
40
547
76
668
60
513
64
696
43
557
81
242
18
33
66
66
147
15
13
24
62
127
12
13
58
13
232
18
6
75
46
490
216
49
IfO
299
239
290
256
2329
37
199
490
73
180
47
7
5
3
5
5
1
28 5
40 9
58
169
43
5
7
8
9
8
4
4
4
4
SO 0
22 2
I
30 8
39 5
58
177
45
4
9
3
5
3
29 1
22 3
' 95 4
1
29 6
37 4
29 9
'36 7
60
179
49
4
5
5
5
9
26 3
1
56
183
44
4
23 6
24 5
20
24 5
23 8
33
26 6
26 4
3 2
23
7
9
31
37
(57o
81
r 487
83
701
64
517
88
693
66
524
66
6"
668
39
534
59
207
19
21
111
14
244
9
1
97
98
31
188
27
11
59
35
200
20
11
65
39
255
20
14
117
32
290
161
OCQ
162
189
237
446
237
498
282
441
270
457
288
486
98
458
100
85
27 6
.1
30.3
45 4
1
0
0
7
25 6
95 6
2 8
T
9
68
292
374
253
16
9
9
93
30
933
304
452
'327
'443
335
382
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments, quarterly:
227
Black blasting powder.. _ _
__ _ thous Ib ! 1306 1 1284
ITigh explosives
_. ._.
. . do . 277,199 301,665 246,522
Paints, varnish, and lacquer, factory shipments:
152. 6
152. 7 2 161. 6
Total shipments
mil. $_
89.8 295.4
89.2
Trade products __ _ _
do
63.4
62.9 266.2
Industrial finishes _
do
Sulfur, native (Frasch) and recovered:
489
484
482
Production
thous. Ig. tons
4,832
4,875
4,919
Stocks (producers') , end of month
do
PLASTICS AND RESIN MATERIALS
Production:
13.2
Cellulose plastic materials
mil Ib
12.7
13.9
Therm osetting resins:
Alkyd resins
___
do
46.5
45.0
41.0
Coumarone-indene and petroleum polymer
27.1
29.1
25.8
resins
mil Ib
21 3
Polyester resins
do
16.8
22.0
57.4
63.3
Phenolic and other tar acid resins
do_ _
61.0
42 2
Urea and melamine resins __
do
39.9
44.8
Thermoplastic resins:
Styrene-type plastic materials (polystyrene)
104.0
122.8
mil. Ib.
124.3
128.3
Vinyl resins (resin content basis).. _
do
144.7
149.3
Polyethylene
do
189.3
168.0
188 2
182.2
112.4
69 8
194 3
119 7
74 g
183.3
112 4
70 9
181 4
113 7
67 7
181.0
114 1
66 9
164 5
98 8
65 7
175 6
101 9
73 7
142.7
78.4
64.3
121. 1
62. 1
59. 0
138.8
75. 5
63 3
142.5
80.6
61.9
487
4 898
490
4 910
504
4 955
490
4 931
476
4 880
473
4 844
491
4 743
484
4, 763
495
4 760
500
4,780
499
4,786
13.2
13.1
13.0
10.9
12.1
12.8
14.0
13.8
12.1
11.6
13 0
47.3
51.0
50.0
46.8
47.7
43.3
47.2
40.5
37.7
44.4
43 7
24.3
23.1
60.8
43.4
27.3
23.6
63.4
46.0
21.0
21.4
60.5
42.6
21 2
19.6
50.0
35.0
27.0
21.6
63.0
41.2
25.5
21 2
62.8
42.2
30.2
23.9
69.6
48.5
24.9
21.2
62.0
41.5
25.9
20.4
61.7
38.0
26.0
20 7
66.3
'42.8
25 5
93 9
64.0
39.6
123.2
147.9
178.5
132.5
154.8
196 8
128.1
149.9
187 0
114.3
134.0
189 8
126.6
153.7
189.3
130.1
156 5
183 3
136.5
168.3
202 4
133. 2
160. 5
200 0
2
' Revised. l Quarterly average.
Beginning Jan. 1963, the estimated totals are based
on a new sample indicating higher levels of activity than did the old sample from which
totals ^ ere estimated.
cfData arc reported on the basis of 100% content of the specified material unless otherwise
141
262, 470
323
322, 968
423
321 379
164
315,789
165. 2
97.1
68.1
127.8
132.3
136. 5
153.0 ' 150. 5 158 3
210. 1
210 8
208 7
indicated.
9 Includes data not shown separately.
*New series. Data exclude some materials (chiefly crudes) shown in the former series.
Monthly data prior to Jan. 1963 may be obtained from Bu. of Census reports.
SURVEY OF CURRENT BUSINESS
S-26
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
1962
Monthly
average
Mav 1004
1964
1963
Mar.
Apr.
May
June
July
Aug.
Sept,
Oct.
Xov.
Dec.
Jan.
Feb. ! Mar.
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and Industrial), total O
mil kw.-hr__ 78, 624
71,026
Flectrlc utilities total
do
57,003
14, 024
By waterpower
do
83, 991
76,167
62, 379
13, 788
81.530
73, 720
58, 455
15,266
78. 273
70 535
55. 681
14,854
81. 756
73,619
58, 102
15.517
83, 665
75,731
61, 756
13. 975
88. 703
81,000
66 897
14,173
89 861
81, 973
68 440
13, 533
82 892
75 156
63 144
12,012
84, 845
76 719
64, 491
12 222
82, 437
74, 474
61,769
12,705
90. 302
82, 260
67 653
14, 607
90 642
82, 328
67 834
14. 495
84, 613
76, 701
62 906
13, 795
87 987
79. 595
63. 652
15, 942
57, 725
13,301
62, 095
14. 073
59, 661
14, 059
57.451
13,084
59,937
13,681
62. 045
13. 686
66, 287
14,713
67, 161
14, 812
61, 769
13, 387
63. 181
13. 531
60, 837
13, 637
66. 459
15.802
67. 024
15,304
62, 143
14. 558
64, 596
14, 999
do
do
do
7, 597
7,313
284
7, 824
7, 555
270
7,810
7,486
324
7. 738
7,424
314
8,138
7.807
331
7. 935
7, 653
281
7 703
7,474
229
7 887
7, 665
229
7 735
7, 533
902
8 133
7.917
215
7,963
241
8.042
7.770
272
8 313
8.019
294
7 912
7, 621
291
8 392
8. 075
317
__do
64, 674
69. 234
67, 920
65, 923
66. 095
67, 803
70, 509
73,018
72, 079
69,516
68, 309
71. 364
75, 196
72. 724
__do
do
12, 008
31, 160
13, 387
32, 856
12, 076
31,982
12, 052
32, 278
12, 352
33, 033
13, 503
33,304
14. 938
33, 081
15, 639
33, 871
15,097
33, 790
13,706
34, 279
13, 095
33, 463
14. 093 U4. 165 i 14.061
32. 593 132 993 i 32.330
393
18, 868
612
1 529
104
389
20, 141
646
1,683
133
435
21, 050
652
1 601
123
378
18, 888
604
1 600
123
372
18. 006
566
1 616
149
346
18, 304
541
1 647
157
351
19 752
551
1 673
163
358
20 690
591
1 707
' 161
348
20, 356
631
1 706
152
373
18. 553
691
1 776
138
378
18, 793
735
1 719
126
452
21.630
773
1 716
108
Privately and municipally owned utll
do
Other producers (publicly owned)
__do
Industrial establishments total
Bv fuels
_
By wsterpower
Sales to ultimate customers, total (EEI)
Commercial and industrial:
Small light and power
Tvarge light and power
Residential or domestic
Street and highway lighting
-
- -do
do
Interdepartmental
do
439
24. 932
780
1 769
' 118
436
23. 295
711
1 774
m
Revenue from sales to ultimate customers (Edison
Electric Institute)
mil. $__ 1,085.4 1,141. 4 1,119.5 1,087.0 1 . 088. 3 1.121.6 1 167.3 1.200 7 1, 187. 8 1.136.2 1.119.0 1. 161.7 1,217 2 1.184.5
GAS
Manufactured and mixed gas (quarterly) :d* t
Customers end of Quarter total 9
thous
Residential
do
Sales to consumers total 9
Residential
Industrial and commercial
1, 922
1,800
122
1.901
1,780
120
1, 839
1,724
114
1 197
1, 114
83
530
370
157
931
723
202
441
285
153
214
100
112
67 3
51 3
15 7
1 12. 3
90.4
21 4
56. 9
42.3
14. 5
26 6
16 9
9 6
thous-- 32, 674
30 014
do
2, 624
do
33, 449
30 668
2,740
33. 336
30, 628
2,671
33, 989
31 286
2 666
mil. therms-- 25, 045
8 466
do
15, 321
do
35, 950
17, 004
17, 308
23, 964
6,924
15, 982
19.504
2 966
15,297
1,541 3
847.7
651 0
2, 436. 3
1, 537. 4
837.4
1,417 6
733.4
648. 1
1 002 5
401 7
561 8
mil therms do
do
Revenue from sales to consumers, total 9
Residential
Industrial and commercial
Natural gas (quarterly): eft
Customers end of Quarter total 9
Residential
Industrial and commercial
Sales to consumers total 9
Residential
Industrial and commercial
mil $
do
do
Revenue from sales to consumers total 9 mil $
Residential
do
Industrial and commercial
do
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
8.07
Production
mil. bbl .
7.60
Taxable withdrawals
do
10.46
Stocks, end of month
do
Distilled spirits (total):
Production
mil. tax gal-- 12. 90
Consumption, apparent, for beverage purposes
mil. wine gaL- 21.14
Taxable withdrawals
__mil. tax gal-- 10.27
882. 72
Stocks, end of month
do
3.60
Imports
mil. proof gal-Whisky:
9.41
Production
mil. tax gal-7.18
Taxable withdrawals
do
Stocks, end of month
_
do -- 859. 13
Imports
mil. proof gal-3.18
Rectified spirits and wines, production, total
7.20
rail, proof gal- Whisky
__,do ...
5.33
Wines and distilling materials:
Effervescent wines:
.37
Production
...mil. wine gal-Taxable withdrawals
do
.32
Stocks, end of month
do
2.79
Imports
do .09
.Still wines:
Production
do _- 15. 78
Taxable withdrawals
do
12. 52
'"178. 86
Stocks, end of month
_
do
Imports -__
do
1 08
Distilling materials produced at wineries.-.do
r
l
31.27
8.39
7.82
10.76
8.11
7.22
10.82
9.14
8.12
11.27
10.83
10. 22
11.70
9.38
9. 26
11.18
7 42
7.37
10 7>?
7 93
7.95
10 19
6 85
6.73
9 85
7 31
7 05
9 67
7 63
6 74
10 08
7 50
6 42
10 68
12. 50
14.26
14.34
15. 13
10.79
6. 82
8.52
9.42
15. 99
13 39
14 18
13 89
13 81
21. 58
10. 34
876.90
3.82
22.00
10. 18
882. 88
3.47
18.97
10.12
884. 21
3.27
22. 32
11. 12
885.
58
r
3.67
20.24
10.76
883. 31
3.26
19.98
9. 25
878. 48
3 49
20. 12
10.02
874. 49
3 35
19.46
11.11
869. 81
3 94
24.45
14.57
867. 44
5 71
25. 89
11.36
865. 87
5 37
30. 92
8.56
870. 00
4 87
18.49
9.34
871. 77
3 03
18. 43
9.50
873. 19
3 07
8.74
7. 08
852. 54
3.35
11.04
7.05
858. 20
3.04
10. 99
6.69
860. 36
2.86
10.69
7.10
861. 64
3.21
7. 06
6. 78
859. 77
2.90
3 40
5. 63
855 34
2 99
5 06
6.46
851 80
2 92
5 80
8. 02
846 88
3 38
10 13
10. 85
843 02
5 04
8 49
8.38
840 03
4 83
9 99
5.91
842 40
4 19
10 38
6.46
844 01
1 57
10 °7
6.73
854 14
1 77
7.24
5.19
7.01
5.13
7.10
5.20
7.72
5.60
7.37
5.23
6.23
4 42
6.73
4 62
7.74
5 68
10.88
8 35
8. 15
6 24
5.87
4 15
6.35
4 33
6 27
4 51
.40
.35
3.00
.09
.54
.31
.21
2.96
3.28
05
.36
.31
3.29
05
.34
.39
3. 21
09
.45
.54
3.07
18
.37
.57
2.86
14
.44
.59
2. 65
15
.43
.34
2.71
06
. 48
97
2.88
06
9. 57
134 11
1 00
3 04
12.84
120 84
97
45 43
12.52
155 87
1 07
108 68
15. 56
246 45
1 99
21 47
14.07
249 05
1 47
4 76
13.71
099 Q8
1 18
9 73
13.57
913 89
79
o 97
13. 76
•}01 61
1
57/
1. O
8.38
9.98
118.07
202. 64
70. 11
18 48
5. 10
8 38
.47
.24
.41
.28
3.07
.39
.32
3.12
3.31
.05
.07
09
06
r
16. 85
2. 95
13.11
14.87
185. 04 '191.40
1.05
1.11
2.45
13.04
174. 43
1.20
2 36
13.37
r
!60. 14
1 11
1 84
12.77
8.44
15.56
r
39. 39
1.95
Revised.
Xot directly comparable with data through 1963. Comparable figures for
Jan. and Feb. 1963 (mil. kw.-hr.): Small light and power, 12,609 and 12,535; large, 31,105 and
30,442.
O Revisions for Jan.-Dcc. 1962 appear on p. 24 of the Mar. 1964 SURVEY.
9.67
8.81
11.77
9.81
8.96
11.49
r
142. 45
1 (X)
r
l l . 87
92
9 01
<j*The averages shown for gas are Quarterly averages.
JRevised data for 1st and 2d Qtrs. of 1962 appear in the Sept. 1963 S U R V E Y .
9 Includes data not shown separately.
Apr.
SURVEY OF CURRENT BUSINESS
Mav 19G4
1962
Unless otherwise stated, statistics through 1962
and descrintive notes are shown in the 1963
edition of BUSINESS STATISTICS
| 1963
Monthly
average
-27
1963
Mar.
Apr.
May
June
July
1964
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS
Butter, creamery:
Production (factory) |
Stocks coVl storage end of month
Price, wholesale, 92-score (N.Y.)
Cheese:
Production (factory), total J
American, whole milk f
__
_rnil. l b _ _
do
$ per lb__
127.9
363.4
.594
116.8
328. 4
. 590
133.7
345. 5
.586
138.2
356. 7
. 587
153.6
377.0
.586
141.0
401.4
.586
114.8
392. 6
.587
94.7
367.0
.590
84.3
328.7
.603
90.6
284. 5
.596
89.6
241.3
.593
109. 5
207. 0
.593
126. 9
187. 1
. 587
121. 7
191.2
.587
13S.O
' 191.0
. 586
mil. l b _ _
do
132.1
91.1
135. 6
93.8
130. 0
85.8
145.1
103.1
171.8
126.9
175.2
130.7
150.5
111.7
139.8
99.7
127.0
86.6
122 5
81.6
115. 7
73.7
124. 5
78.3
124.2
83.3
124. 0
8° 5
144.2
96. 5
463. 4
385.0
Stocks, cold storage, end of month, total
do
344.9
420. 4
\merican whole milk
_do
6.9
6.5
Imports
-do ._
Price, wholesale, American, single daisies (Chi.426
.400
cago)
__$perlb._
Condensed and evaporated milk:
Production, case goods:t
6.6
6.1
Condensed (sweetened)
mil. Ib
155. 8
160.7
Kvaporated (unsweetened)
_
do
Stocks, manufacturers', case goods, end of mo.:
6.6
5.0
Condensed (sweetened)
- mil. lb__
178. 4 * 102. 9
T^vaporated (unsweetened)
do
Exports:
5.0
4.0
Condensed (sweetened)
do
5.2
5.5
Evaporated (unsweetened)
do
Price, manufacturers' average selling:
6.01
6.11
Evaporated (unsweetened)
__$ per case-Fluid milk:
Production on farms
mil. lb__ 10. 502 10. 399
5.048
5, 216
Utilization in mfd. dairy productscf
...do
'4.10
Price, wholesale, U.S. average
$ per 100 lb_. '4.10
Drv milk:
Production:!
6.6
6.6
Dry whole milk
..
mil. l b _ _
177.6
185.5
Nonfat drv milk (human food)
do
Stocks, manufacturers', end of month:
6.3
Dry whole milk
do
123.4
95! o
Nonfat drv milk (human food)
do
Exports:
'2.5
1.1
Dry whole milk
do
25.5 '44. 6
Nonfat dry milk (human food)
do_ _Price, manufacturers' average selling, nonfat dry
.144
.148
milk (human food)
_$perlb_.
GRA1N AND GRAIN PRODUCTS
103.4
96.9
Exports (barley, corn, oats, rye, wheat) --.mil. bu_.
343.4
309.3
9.2
354. 8
317.2
9.0
384.3
343. 5
7.8
416.0
373. 9
6.6
439.9
394.8
5.7
435. 2
390. 6
3.8
407. 9
363.9
5.1
378. 2
336.9
7.5
363. 3
323. 7
9.7
340. 7
301.6
8.4
318.1
279.2
6.6
301.6
'>f>3 7
4.0
' 301. 7
' 264. 0
8.5
.424
.425
.423
.423
.427
.428
.428
.432
.432
.432
.430
.430
.422
6.2
146.2
6.9
190.0
8.2
204.0
7.7
199.6
8.8
182.0
9.6
171.6
6.9
136. 5
4.0
128.1
4.0
120. 2
7. 1
131.7
6.0
139. 0
5.6
144.8
0 7
153.0
5.3
59.7
5.5
93.4
6.8
141.1
7.8
194.2
9.0
223. 5
10.4
243.1
6.2
231.8
5.7
199.8
6.5
150.8
5.8
131. 7
5.9
96.8
82.6
4.0
4.6
3.0
8.5
4.1
5.5
7.0
10.7
5.2
4.5
9.3
3.3
5.9
10.0
7.9
3.3
.3
3.8
7.0
2 9
3.3
9
5
30
31
6. 00
Barley:
Production (crop estimate)
- --
do-
6.02
6.03
6.03
6.02
6.00
6.00
5.99
6. 00
6.00
5.98
5.98
11,196
5, 788
'3.88
12, 315
6, 541
'3.78
11,841
6, 385
'3.72
10, 861
5. 609
'3.91
10, 130
4,958
'4.08
9, 558
4,178
'4.29
9, 557
9. 205
4.129
3, 845
' 4. 43 '4.48
9. 706
4.427
' 4.42
10.066
4. 865
4.34
9,842
4, 876
4.25
11,007
5. 003
'4.12
6.6
193. 5
5.4
217.9
7.0
257.0
6.0
247.2
6.2
189.7
5 9
151.2
6.9
121.1
6.7
123. 6
5.5
130. 1
5.8
159. 1
8.0
177.3
6.6
179.8
6.1
207. 7
5.2
86.3
5.2
98.5
5. 5
124. 1
6.5
136. 5
6.5
115. 9
5.5
99. 3
4.8
82. 1
5.0
63. 0
5.3
64.3
5.3
81.5
6.1
80.9
5.8
86. 1
97. r,
3.7
63.7
3.9
52.6
1.6
51.9
.8
50.6
1.7
48.4
4.7
'48.7
2.6
39.2
2.0
41.9
1.6
53.6
2.9
38.0
2.1
27.4
.8
37.9
.144
.144
.144
.144
.144
.144
.144
.144
.144
. 146
.146
.146
106.8
'118.8
133.7
100.5
98.2
84.6
'92.7
115.6
125.6
130.7
'123.8
112.5
6.00
1.19
1.11
1.20
1.14
1.22
1.14
1.25
1.16
1.24
1.14
1.14
1.05
1.11
1.02
1.18
1.09
1.22
1.14
Corn:
Production (crop estimate, grain only).. mil. bu_. 13,637 i 4, 081
15.4
14.3
Grlndings, wet process
_ _
do
15. 5
15.1
15.6
15.5
16.7
16.4
15.3
16.8
35.6
1.32
1.26
1.26
1.20
Stocks (domestic), end of quarter, total
3
mil. bu._ 2, 929 2 2, 705
2 1, 807 2 1, 779
On farms
do
2
1,122 '2926
Off farms
do.
36.6
35.5
Exports, including meal and
flour
do
Prices, wholesale:
1.24
1.11
No 3, yellow (Chicago)
.
$ per bu
1.20
1.08
Weighted avg., 5 markets, all grades
do
Stocks (domestic), end of quarter, total
Off farms.-
mil. bu.
do
do.
Exports, including oatmeal
do
Price, wholesale, No. 2, white (Chicago) t
$perbu—
* 1, 020
2
2
628
553
274
9X'> /
. 420
11,346
3. 93
0. 0
.140
3
2.2 ~"~8.~6~
146. 8
3
67. 6
379.3
5.3
3. 037
1,998
1,040
36.5
41.3
39.5
2.115
1,386
729
43.1
1.22
1.16
1.20
1.14
1.23
1.16
1.29
1.25
426.0
262 6
163.4
5.5
—
1~7~ ------
3
4.~8~
7.7
' 329. 5
199. 1
' 130. 4
5.8
5.5
6.7
1.21
1.11
1.18
1.09
1.18
1.10
1.16
1.09
1.18
1.10
1.22
1.14
16.7
14.4
15.9
15.9
17.4
16. .5
231.3
129 2
102.1
26.6
1, 316
3
514
a sol
'27.8
33.5
55.7
54.7
46.8
33.5
1.32
1.25
1.35
1.26
1.18
1.19
1.15
1.16
1.19
1.19
1.22
1.20
1.19
1.18
4 353
3 217
r 1 l^g
3 264
2 254
1 010
1.21
1.21
1.24
1.24
i 981
' 2 621
2545
r 276
488
427
62
2.5
.9
1.0
«• .5
1.5
1.0
1.6
1.2
.8
.6
.2
.2
.2
.2
.71
.73
.76
.74
.73
.72
.68
.68
.71
.71
.72
.74
.75
.71
.68
154
90
165
140
128
114
83
53
59
52
66
54
61
45
271
62
81
46
70
84
206
89
138
187
141
82
Rice:
i 66.0
Production (crop estimate)
mil. bags9
California mills:
Receipts, domestic, rough
mil. lb_.
126
79
Shipments from mills, milled rice
do
Stocks, rough and cleaned (cleaned basis), end
of month
mil. Ib
97
Southern States mills (Ark., La., Term., Tex.):
364
Receipts, rough, from producers
mil. lb_.
255
Shipments from mills, milled rice
do.
Stocks, domestic, rough and cleaned (cleaned
866
basis), end of month
mil lb__
Exports.
do
193
Price, wholesale, Nato, No. 2 (N.O.)
$ per Ib..
.094
1
3274
232
3
43
946
833
113
3
518
446
773
688
85
.08
70.1
122
85
132
152
128
101
103
90
78
75
192
200
168
232
143
170
438
270
206
290
142
239
60
198
62
234
115
218
836
234
1,679
332
1,113
357
377
264
295
329
329
379
192
386
123
555
957
870
352
.098
729
307
.095
583
'237
.095
388
101
.095
255
245
.095
570
97
.090
1, 340
87
.087
1, 235
197
.088
1,710
203
.088
1, 592
357
.088
1. 447
314
.088
1,197
419
.088
p. 088
'220
.093
Rye:
Production (crop estimate)
mil bu
i2 40. 8 i 29.4
Stocks (domestic), end of quarter, total
do
19. 9 a 15. 0
15. 2
Price, wholesale, No. 2 (Minneapolis). . .$ per bu..
1. 22
1. 30
1. 23
1. 26
1. 21
T
Revised.
* Preliminary.
1
2
Crop estimate for the year.
Quarterly average.
3
Old crop only; new crop not reported until beginning of new crop vear (July for barley
oats, rye, and wheat; Oct. for corn),
t Revisions for Jan. 1901-June 1962 for cheese and nonfat dry milk and those for Jan .-June
1962 for butter, condensed and evaporated milk, and dry whole milk are available upon
request. Revisions for July-Dec. 1962 appear in the Sept. 1963 SURVEY.
323. ()
1 436. 4 i 399. 9
2
2
2
233. 8
130.9
102.9
3.2
Oats:
Production (crop estimate)
. . )Sti
7. 3
69. 7
10, 879
5, 308
4. 05
284. 8 2 284. 0
160. 8 2 165. 0
124. 0 '2119.0
4.8
8.3
Stocks (domestic), end of quarter, total
do
On farms
»
do
Off farms.do
Exports Including malt§
do
Prices, wholesale (Minneapolis):
No 2 malting
$ per bu__
No 3 straight
do
«,
iw.'o
r
3
931
6. 9
23.1
14.8
10. ft
1.22
1.21
1.22
1.42
1.45
1.44
1.42
1.48 ~ I.~38~
1.34
1.32
cf Revised series; data reflect inclusion of creamed cottage cheese and frozen products
(formerly excluded). Revisions for 1946 and 1952-58 (former series) and 1958-62 (revised
series) appear on p. 24 of the Mar. 1964 SURVEY.
§ Excludes a small amount of pearl barley.
t Revised series (for No. 2; formerly, for No. 3).
9 Bags of 100 Ib.
SURVEY OF CURRENT BUSINESS
S-28
1962
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
Monthly
average
May 1964
1964
1963
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Con.
Wheat:
Production (crop estimate) total
Spring wheat
Distribution (Quarterly total)
mil bu
-do
i 1, 138
i1 233
905
2
336
315
21,713 ' 2 1 563
2259
2 252
2
1, 453 ••21,311
1 504
195
1,309
i 821
2316
do
On farms
Off firms
do
do
Exports total Including
Wheat only
1 1, 094
i 273
flour
49.2
43.0
do
-do
311
392
1 195
'395
3
1 100
1 941
409
1,533
3
328
1 207
153
1, 054
' 1 613
'309
' 1 304
'59.7
'53.3
64.8
55.1
74.0
67.7
'83.3
'74.6
49.1
39.1
' 55.4
' 51.4
52.1
47.6
' 58. 1
'52.2
75.5
70.4
61.0
55.1
68.9
60.0
470.5
66.0
71.5
65.6
2.42
2.20
2.33
2.47
2.33
2.45
2.46
2.37
2.44
2.41
2.28
2.38
2.50
2.03
2.18
2.31
2.01
2. 12
2 26
2.03
2.19
2.36
2.09
2.29
2.43
2.20
2.37
2.39
2 21
2.34
2.37
2.23
2.31
2.37
2.24
2.31
2.32
2.23
2.27
2.25
2.17
2.19
21, 991
94.7
410
49, 976
22, 296
97.6
410
50, 550
21,570
90.0
398
49, 005
22, 542
94.0
414
51, 105
20, 421
93.6
377
46, 520
21,687
90.4
398
49,215
22, 886
95.3
425
51,990
21, 409
97.9
400
48, 798
24, 649
98.0
497
56, 105
99 99Q
101.6
412
50, 558
21, 399
91.8
393
48, 599
23, 519
97.5
433
53, 494
21,218
96.8
390
47, 872
21, 956
90.3
406
49, 646
4, 712
2. 808
5 116
4,196
2,713
3,789
4 383
4,336
1,702
1,937
4 5°8
2,570
2, 232
2,550
4 823
3,878
1,912
2,527
5.639
5.365
5.788
5.517
5.913
5.767
5.775
5.533
5.650
5.233
5. 388
4 967
5.013
4.900
5. 550
5.283
5.725
5.467
5.738
5.450
5.538
5. 563 p 5. 824
5.538
5.233 ' 5. 250 5 300 P 5. 152
415
1,695
1,225
595
378
1, 805
1,173
551
410
1,694
996
350
373
1,727
1, 196
487
330
1,875
1,061
390
282
1, 752
997
294
341
1,838
1, 185
342
306
1,900
1, 167
468
395
1, 829
1,287
717
462
2,092
1,592
1,281
385
1,793
1, 283
1,133
400
1,808
1,205
578
27.20
24.53
29.75
23.79
22.95
30.00
23.30
23.45
34.50
23. 51
24.12
30.00
22. 43
23.50
31.00
22.54
22.74
28 00
24.56
23. 19
9
7 00
24.47
23. 67
27.50
23.80
22.71
28. 50
23.97
22.38
27.50
23.38
21. 53
30. 50
22.16
20. 06
30 50
5,648
1,650
5, 965
1,646
6, 559
1,686
6,343
1,797
5,910
1,610
4,880
1,411
4,995
1,465
5,174
1,393
5,868
1,573
6, 775
1,846
6,380
1,726
16.44
15.03
13.78
13.52
14.73
16.36
17.20
16.60
15.53
15.29
16.4
13.6
12.9
'12.5
13.0
13.8
14.4
13.9
12.7
14.1
1,224
524
224
1, 163
444
200
1,137
390
98
1,116
396
137
1.062
354
211
972
350
115
1,201
470
122
1,204
412
223
1, 236
601
428
19.45
18.69
15. 57 » 17. 46
18.75
"17.46
18.25
"17.50
21.25
(6)
20.00
19.74
16. 50
17.80
16. 50
16.84
2,151
2,292
2,323
2,323
2,351
2,078
2,156
481
42
109
592
45
'122
637
51
124
686
41
96
661
46
'121
623
42
105
579
38
144
Prices, wholesale:
No 1, dark northern spring (Minneapolis)
2.48
$ perbu..
2.19
NTo. 2, hd. and dk.hd. winter (Kans. City) _do
2.41
Weigh ted avg., 6 markets, all grades
do
Wheat flour:
Production:
Flour
thous sacks (100 l b . ) _ _ 21,839
92.4
Opprntions percent of capacity
406
Offal
'
thous sh tons_.
49, 613
Crrin din gs of wheat
thous bu
Stocks held by mills, end of quarter
2 4, 584
thous sacks (100 Ib )
2,686
"Fxports
do
Prices, wholesale:
Spring, standard patent (Minneapolis)
$per!001b__ 5.909
5.621
Winter hard 9*5% patent (Kans City)
do
3
2.34
2.26
2.26
5 843
LIVESTOCK
Cntfle nnd calves:
Slnno-hter (federally inspected) :
On! VPS
thous animals
Cattle
do
Pvpppfpts (salable) at 27 public markets
do
Shipments feeder to 8 corn-belt States
do
Prices, wholesale:
Bppf steers (Chicago)
$ per 100 lb_.
Stpers, stockprand fpeder (Kansas City)._do
Calves vealors (Natl Stockyards 111 ) do
^lau^htor (federally inspected)
thous animals
Kecoipts (salable) at 27 public markets
do
Prices:
Wholesale, average, all grades (Chicago)
$per!001b__
TToff-corn price ratio (bu. of corn equal in value
t o l O O l b live hog)
Phppp and iambs:
Slaughter (federallv inspected) ...thous animals Receipts (salable) at 27 public markets
do
Shipments feeder to 8 corn-belt States
do
Prices, wholesale:
Iambs average (Chicaeo)
$ per 100 Ib
Lambs, feeder, good and choice (Omaha) .do
5
412
2,013
' 1, 189
525
342
1,710
969
319
400
1, 878
1,141
384
22 38
21.17
31 50
21.18
21.57
34.00
21.38
21.42
P31.52
6,695
1,874
6, 956
1,828
5,898
1,511
6,420
1,635
14.39
13.76
14.22
14.37
14.22
13.89
13.9
12.6
13.2
13.2
12.7
12.3
1,441
640
457
1,112
419
213
1,105
406
122
1,296
394
146
980
294
143
1, 035
304
133
18.75
16.84
18. 25
16.52
18.88
16.44
19. 38
(6)
19.50
(6)
21.12
(6)
99 95
2,187
2,245
2,582
2,366
2,450
2,662
2,252
2,447
5?2
42
'142
523
47
144
541
58
132
623
62
112
653
49
121
729
60
119
773
56
73
'810
r
(«)
21.03
20.91
22 25
(c)
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 (meat and meat preparations) t
do
Imports (meat and meat preparations)^
do
r
874
Beef and veal:
Production, inspected slaughter
do _ 1, 046. 6 1,137.4 1,084.0 1,106.0 1, 194. 5 1,112.8 1, 156. 6 1,187.3 1, 136. 8 1,291.2 1,117.8 1, 137. 9 1, 292. 8 1,119.3 1,220.2
217.2
163.5
197.4
194.0
201. 6
197.3
228.2
Stocks, cold storage, end of month
do
246.1
279. 5
287. 6
282. 1 r 9 84 5
200.1
208.8
297.5
274 5
2.3
2.3
1.9
2.1
1.8
2.9
2 1
Exports
do
3.2
3. 5
2 8
2 4
1.7
1 9 T 2. 7
r
'91.7
79.0
62.6
'88. 1
85. 4
78.6
115.7
Imports
do
51 5
89 9
120 1 ' 105 2 88 7
88 8
110 1
Price, wholesale, beef, fresh, steer carcasses, choice
.417
.464
.409
.408
.402
.408
.404
.391
.422
(600-700 Ibs.) (New York)
$perlb__
.417
.381
.420
.426
.398
.378
.379
Lamb and mutton:
55.6
57.9
51.2
55.1
57.0
44.6
57.4
Production, inspected slaughter
mil Ib
52.5
55. 7
67.3
49.6
53 2
63 9
5? 5
55 0
19.5
14.3
21.4
23.7
22.8
19.8
Stocks, cold storage, end of month
do
17.2
18.6
'18.4
18.3
19.9
19.8
18.0
17.8
' 18 3 16 8
Pork (including lard), product! on, inspected slaugh1,046.5 1,099.0 1,182.5 1, 161. 9 1,104.9
ter
__ __
.
mil Ib
Pork (excluding lard):
856.6
806. 0
852.6
901.1
924.7
Production, Inspected slaughter..
do
279.2
235.9
374.5
356.3
332.6
Stocks, cold storage, end of month
do
5.3
11.5
10.5
14.1
13.0
Exports..
do
17.0
17.6
18.7
'19.6
Imports _
_ _ _ _ _ _ _ _ _
__ do
21.2
Prices, wholesale:
7
.464
.491
.431
.443
.440
Hams, smoked, composite
$ perlb__
.475
.443
.380
.396
Fresh loins, 8-12 Ib. average (New York) .do
.407
Lard:
Production, inspected slaughter
mil. lb_ 175.3
176.4
189.2
186.7
184.0
98.9
Stocks, dry and cold storage, end of mo
do
123. 1
162. 3
147.3
166.7
35.2
44.8
60.2
Exports
do
40.5
70.1
.125
122
Price, wholesale, refined (Chicago)
$ per l b _ _
.114
.115
.113
'1 Revised.
v Preliminary.
2
Crop
estimate
for
the
year.
Quarterly
average.
3
Old crop only; new grain not reported until beginning of new crop year (July for wheat).
4
Beginning Jan. 1964, flour included in total is converted to grain equivalent on basis of
2.33 bu. of wheat to 100 Ib. of flour (2.3 bu. formerly used).
5
6
Average based on months for which quotations are available.
No quotation.
920.4
944 2
943 5 1,050. 6 1, 223. 4 1, 195. 7 1,259 2 1 305 6 1 082 8 1 174 7
708.0
322.5
11.5
14.5
731.4
274.0
8.1
20.0
735. 3
220.0
6.5
14.3
823.7
210.4
9.7
14.8
959.3
208.9
14.4
19 1
939.2
250.2
15.1
16. 2
.458
.470
.478
.495
.488
.498
.465
.478
.463
.461
.472
.427
.480
.417
155.3
136. 3
24. 2
.115
155 0
113.9
52.4
.118
151 3
88.3
64.8
.125
165 1
81. 2
53.2
.123
191 3
75.2
47.6
.131
187 1
92.4
35. 2
.143
198 4
119.4
32.7
.125
854 4
382.3
18.5
14 8
914 5
'341.2
477.4
.458
.438
.457
.413
P. 452
.409
.401
209 4
105.7
62.7
'.128
173 0
124.9
52.3
.131
189 1
113.' 6
987 4 1 017 1
276. 7
332.8
22.9
16.5
16.7
18 6
p. 126
S-29
SURVEY OF CUKKENT BUSINESS
May 1964
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1963
1964
1963
Monthly
average
Apr.
Mar.
May
June
July
Aug.
Sept,
Oct.
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
POULTRY AND EGGS
Poultry:
Slaughter (commercial production)- __.mil. lb__
Stocks, cold storage (frozen), end ot month, total
mil. lbTurkevs
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. l b _ _
Price, wholesale, extras, large (delivered; Chicago)
$ per doz_.
' 459
494
359
215
320
188
'273
'151
241
122
'.128
.139
.141
.140
.135
14.2
14.7
14.8
14.4
16.0
15.7
111
68
67
55
137
44
78
40
'36
'47
81
63
.375
.376
.372
.387
.320
.326
.290
19.3
.276
13.8
.255
21.0
.261
26.7
'.263
23.9
'.233
.236
P. 220
2, 476
1,006
578
••604
'448
'500
'571
'555
'641
'701
735
833
688
'636
'552
306
199
295
184
251
153
210
117
185
96
178
89
193
101
256
155
363
251
490
361
426
288
364
217
.144
.138
146
'•.144
'.142
' .136
'.137
'.137
'.130
'.134
'.138
14.5
U4.6
15.8
15.7
15.9
14.8
14.6
14.3
13.7
14.3
186
82
132
73
51
38
56
58
200
83
274
103
236
108
206
105
154
95
137
80
.334
.343
.346
.299
.280
.289
.321
.337
.395
23.8
.208
23.5
.253
29.3
.239
39.5
.255
21.5
.276
23.4
.256
14.4
.245
'16.7
.245
19.3
.256
3, 937
5, 704
3,518
6,078
3.435
5,357
2, 157
858
2,246 ' 1, 798 1,332
655
520
'546
«
r
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
Imports (incl. s-hells)
thous. Ig. tons..
Price, wholesale, Accra (New York)
$ per l b _ _
Coffee (green):
Inventories (roasters', importers', dealers'), end
of quarter
thous. bagsd".. 32 3, 355
Roastings (green weight), quarterly total__.do
5, 669
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 9 -.- __ _ _
do
For domestic consumption.
do
Stocks, raw and refined, end of month-do
Exports, raw and refined
sh. tons
ImportsRaw sugnr, total 9
thous. sh. tons..
From Republic of the Philippines
do
Refined sugar, total
.do
Prices (New York):
Raw., wholesale
$r>erlb
Refined:
Retail (incl. N.E. New Jersey)__$ per 5 lb._
Wholesale (excl. excise tax)__l_
$ per Ib
Tea, imports
2,041 ' 1, 986
' 772
758
Salad or cooking oils:
Production
_ _
do
Stocks (producers' and warehouse), end of month
mil.lb..
Margarine:
Production
__ __
do
Stocks (producers' and warehouse), end of month
mil.lb..
Price, wholesale (colored; mfr. to wholesaler or
large retailer; delivered)
$ per lb_.
4,008
5,074
«• 1,957
'790
1,888 '2,167
745
'908
4,787
6, 306
2,486
949
2,181
1,026
2. 143
982
1.977
718
1,970
591
.344
104
.345
110
.335
106
.335
94
.333
89
.342
82
.338
74
.335
95
.335
154
.353
146
.380
133
.380
120
.480
129
. 405
120
. 505
110
.500
180
206
154
159
171
186
219
230
236
243
249
244
220
178
'163
156
2, 170
1,325
890
690
550
465
275
175
25
130
625
1,345
1,835
'78
204
108
371
228
r
r
774
1,625
273
550
166
314
540
159
90
409
175
56
535
211
113
771
280
72
404
203
64
451
246
98
516
179
146
230
98
750
424
150
938
241
94
939
124
56
821
813
1,599
836
832
1, 673
922
918
1,826
886
887
1,622
1,030
1,027
1,401
595
592
1,542
807
799
1,504
921
917
1, 273
960
958
1,023
968
967
1,273
639
637
1,920
952
950
2, 468
642
641
' 2, 579
P2, 581
259
342
241
465
316
145
486
186
154
209
1,127
352
585
785
359
102
25
'359
91
14
'376
92
6
'371
'123
5
375
102
14
465
139
16
419
118
8
'404
'133
5
'383
101
3
42
351
90
19
214
9
19
423
94
14
103
68
2
92
11
2
.065
.081
.009
.083
.109
.092
.077
.065
.073
.092
.095
.084
.095
.082
.073
.569
.089
.688
.111
.591
.095
.597
.100
.639
.127
.833
.139
.803
.121
.753
.108
.681
.099
.675
.114
.750
.127
.771
.122
.769
.125
.774
.118
.737
T. 125
12, 276 Ml, 293
7,155
9,493
7,717
11,011
13, 439
10, 571
8,851
10, 823
10, 627
12,397
1,424
thous. lb._ 10, 808
Baking or frying fats (incl. shortening):
Production
mil Ib
Stocks (producers' and warehouse), end of month
2
2
r
10, 503
r
14, 758
r
595
1,213
224.0
211.1
198.7
186.2
216. 6
210.7
186.7
211.4
214.5
258.1
228.8
203.0
207.1
209.8
213.0
173.5
132.3
167.2
147.7
130.0
132.0
115.5
112.0
103.7
103.4
104.2
119.3
114.2
113.4
113.9
211.4
211.0
191.0
225.2
182.0
188.7
195.7
197.2
190.5
183. 9
187.5
177.0
183.2
175. 6
199.9
245.0
248.7
220.5
273.3
262.1
307.1
292.5
258.2
210.2
(4)
160. 0
145.1
137.5
124.7
119.5
143.8
145.4
141.0
132.4
140.3
125.9
125.2
136.7
148.6
161.3
147.9
163.1
181.4
159.4
159.8
39.0
45.8
59.4
52.2
46.4
46.2
40.8
41.7
40.8
44.1
40.8
36.4
42.7
46.7
52.0
.256
.238
.238
.238
.238
.238
.238
.238
.238
.238
.238
.238
.238
.238
f. 238
35.8
30.7
41.4
33.6
41.1
29.7
39.3
30.6
46.1
37.6
41.3
36.5
38.7
35.9
45.4
39.5
39.7
35.9
42.5
36.5
42.8
37.7
38.5
28.8
41.3
30.2
46.3
37.2
41.9
37.3
35.6
.074
FATS, OILS, AND RELATED PRODUCTS
Animal and fish fats: A
Tallow, edible:
Production (quantities rendered)
.mil. lb_.
Consumption in end products
do
Stocks (factory and warehouse), end of month
mil. lb_.
Tallow and grease (except wool), inedible:
Production (quantities rendered)
do
Consumption in end products
do
Stocks (factory and warehouse), end of month
25.7
41.3
46.9
50.0
53.5
49.1
47.4
39.1
33.9
29.8
29.0
35.7
36.4
37.4
287.8
150.6
317.2
150.7
307.7
146.4
308.9
151.0
338.8
169.3
312.3
149.0
309.2
111 A
330.5
157.5
304.5
145.6
350.3
167.0
327.3
140.1
363.3
319.9
141.8 '5183.6
336. 4
'173.2
335.3
161.8
384.7
385.9
434.3
427.4
379.0
Fish and marine mammaloils:
Production^
do
21.3
15.3
.4
6.1
34.4
Consumption in end products
do
7.4
8.2
7.0
7.5
7.2
Stocks (factory and warehouse), end of month
mil.lb- 144.0 166.5 6 156. 0 122.1
158.4
'2 Revised.
» Preliminary. 1 Beginning Jan. 1963, includes data fc>r Alaska and He waii.
Quarterly average.
3 Effective Sept. 1963, includes small amo ants of refined s ugar,
tinctured, colored, or adulterated.
4 ^ot available.
5 Beginning Jan. 1964 , data are not
comparable with those for earlier periods; consumption for feed no\ v based on rend 3rers'
shipments instead of feed mill reports.
e Beginning March 1963, includes Gc neral Ser vices
Administration 7 stocks no longer required for the strategic stockpile not coniparable with
earlier data.
Includes a significant amount described as "contain!nated."
336.1
349.3
354.6
333.6
353.0
372.8
386.2
387.3
421.5
395.9
28.0
7.6
29.4
8.4
34.2
7.0
19.8
7.0
14.2
8.1
10.0
7.2
6.1
6.5
.7
6.5
.2
6.9
.3
6.9
7
7
7
184.7
165.0
176.5
181.5 159.0
168. 4 '129. 8
197. 1
110.5
99.2
OC ises of 30 dozen,
c?Bag 3 of 132.2 *61b.
9 In eludes d ata not s! lown sep arately; Bee also n ote "§".
§Mo nthly da ;a reflect cumulative re visions f or prior \)eriods.
AF()r data o i lard, see p. S-28
tRe visions ff >r Jan.-J ane 1962 appear hi the Ser>t. 1963 SURVEY.
° R e visions f or Jan. a nd Feb. 1963: $0. 139 and $150.150.
SUEVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1963
Monthly
average
May 1064
1963
Mar.
May
Apr.
June
July
1964
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS, AND RELATED
PRODUCTS— Continued
Vegetable oils and related products:
Coconut oil:
Production:
Crude
._
mil. lb_.
Reflned
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) end of month
mil Ib Imports
.
__do
Corn oil:
Production :
Crude
do
Refined
do
Consumption in end products^ .
do
Stocks, crude and refined (factory and warehouse) e n d o f m o n t h j
-.. .
mil.lb..
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
Exports (crude and refined)*
do
Price wholesale (drums' N Y )
$perlb
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)
$perlb
Soybean cake and meal:
Production
thous. sh tons
Stocks (at oil mills) end of month §
do
Soybean oil:
Production:
Crude
mil.lb
Refined
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) end of month!
mil Ib
Export^ (crude and refined)*
do
Price, wholesale (refined ; N.Y.)
$perlb_TOBACCO
Leaf:
Production (crop estimate)
mil Ib
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-exompt
millions
Taxable
do
Cigars (large) taxable
do
Manufactured tobacco, taxable
thous. l b _ _
Exports, cigarettes
millions..
135.8
44.3
»,
47.1
67.8
39.4
44 5
57.0
29.8
41. 5
59. 3
30.0
41.2
58.0
30.0
41 6
58.7
(3)
41 1
61.9
219.5
39.4
209.3
7.8
195.9
0
193.4
61.1
196.5
41.6
180.3
31.9
31.5
29.5
34.7
30.0
31.6
34.6
32.2
28.0
30 9
34.2
32.2
32.7
30.1
33.3
34 6
28.6
34.5
37.2
34.7
33.0
61.6
63.1
62.9
67.4
64.8
62.4
60.5
60.3
71.3
187.3
101.0
154.8
224.1
159.2
343.1
167.4
351.0
192. 2
304.8
187.9
326.5
207. 5
292.8
241.4
259. 1
259.9
62.2
80.0
95 4
51. 2
52. 3
83. 3
70.5
57.4
88 5
156. 7
98. 9
92. 7
241.3
166.1
107.2
249.4
174. 2
98 9
212.3
171.9
101 7
231.4
158.2
95 9
207. 4
' 137. 1
102 9
185. 8
146. 7
107. 5
619. 1
58.2
.155
561 . 5
16.2
.154
513. 7
465. 6
23.7
.150
487. 5
21.5
.151
554.7
9
25
.154
637. 4
31.0
.161
685. 6
40.8
.146
739. 8
53.3
M43
803.7
48.7
.111
801. 6
'18.0
. 160
35.2
35. 0
38.0
35.4
39.8
35.5
8.1
36.5
25.9
35. 1
37.4
32.6
41. 1
31.8
34.9
28.2
32.1
26.4
35.3
28.0
33.6
31.0
33.5
32.5
133.7
. 127
134.3
.127
129.2
.127
130.7
.127
99.3
.127
92.5
.125
92.2
.123
103.9
.127
109.4
.128
111.8
.129
124.4
. 133
132. 0
. 133
132.9
p. 133
900 1
124.4
960.0
123.3
823.3
96.0
945.6
102.7
899.7
134.8
878.7
113. 3
901.0
139.4
736. 9
139.1
944. 4
142.2
918.7
164.2
912.0
159. 5
842.0
152.4
807.3
162.4
790.7
157.2
407.4
338.9
340.7
421 1
334 1
318 3
451. 5
362. 6
341. 6
386. 4
338. 3
290.6
443.7
316.7
315.8
422. 2
333.5
307.8
413. 6
295.4
302. 7
426.9
336. 1
303. 9
345.9
340. 0
390. 5
442. 1
361. 5
348.9
426. 2
331. 6
317.3
425. 4
329. 2
316. 1
388. 6
351.2
336.6
376.
2
398. 3
330. 9
368. 9
362. 7
352. 5
803. 9
101.1
.133
- 865 2
r
92 1
.133
842.1
153.4
. 135
788.1
179.4
.132
832. 8
95.5
.135
878.2
77.7
.134
921.2
'82.2
. 132
923. 1
87.0
.124
919.8
142. 7
.133
(3)
99. 6
.133
898. 9
42. 1
.141
987. 9 1,022.4 1, 006. 4
57.3
70.2
74.7
. 127 ' . 123 . 122
991.4
27,732
14, 547
4, 645
<• 40.891
13, 458
33, 215 40. 033
14, 857 '14,233
4. 749
64. 827
11,905
76. 548
15,802
59. 291
14. 737
5,245
56, 370
12, 553
36. 901
12,438
36, 307
22, 822
57.5
29.0
46. 2
60.4
21.0
45.0
59.6
24.7
46.2
61.0
22.4
54.1
66.5
23.3
49.9
62.2
34. 5
46 1
57.0
26. 3
50. 1
65. 0
31.3
45.3
60.7
243.4
22. 1
227. 4
31.0
255.3
40.2
241. 5
30.0
233.2
31.1
210.9
20.0
227.9
38.7
215.3
46.2
225. 0
35.3
30.4
29.3
26.8
32.5
30.3
27.5
33.1
30.0
26.9
31.8
28. 1
26.6
32.8
30.5
26.5
33.5
29.0
24.8
34.1
30.1
23.3
34. 8
26.8
28.9
49.1
58.2
48.6
54. 9
56.2
59.8
63.1
222.5
118.1
223. 4
170. 9
254. 7
148.8
194.2
197.7
135. 2
216.6
86.6
210.8
161. 5
132. 4
108.8
158.2
131.1
95.6
182. 6
165.1
98.0
139.0
147.7
89 2
98.4
125.4
91.8
419.6
30.9
.167
598. 4
'30.4
.153
699. 2
63.3
.153
074. 8
29.8
.151
31.8
31.5
33.3
32 0
36.6
30.8
111.8
.142
116.7
I9 7
867.8
86.5
42,314
r49
« 4, 696
39, 073
13,951
5 4, 927
r
42, 124
r
13, 985
p. 145
p. 124
.337
5, 068
36. 027
13, 492
r
33, 135
13, 235
r
14,066 ' 13, 953 r 13, 284
14, 430 ' 14, 795 13, 860
12, 576
15, 019
14, 759
16, 604
13, 017
11.947
15, 068
16, 150
16, 937
3. 424
3, 422
41,205 42.466
547
530
13, 770 ' 13. 702
1,968
2,007
3,428
39, 555
3,483
42, 271
' 4, 108
48, 248
475
554
644
3.347
42,414
566
13,012
1,990
3. 867
47, 006
606
14. 810
2, 448
3,173
42. 399
555
14,382
1, 656
3. 740
46, 740
652
15, 838
2, 124
3, 561
41. 272
648
12. 858
2, 047
3. 360
36. 684
407
12.440
1, 964
3,344
40, 980
594
1 4, 863
1,843
3,234
29, 168
622
15, 550
1. 702
3, 216
37, 854
682
16,214
2, 107
12, 942
2. 043
r
3. 266
41,562
509
14, 140 ' 14, 710 13, 071
1,929
2,044 '2,640
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
6 909
Value, total 9
thous $
171
Calf and kip skins
thous skins
593
Cattle hides
thous hides
Imports:
Value, total 9
thous. $._ 5, 539
Sheep and lamb skins
-.thous. pieces.. 2.290
1,198
Goat and kid skins
do
Prices, wholesale (f.o.b. shipping point):
Calfskins, packer, heavy, 9^/15 Ib
_.$perlb_. v . 623
* 152
Hides ^teer heavy native over 53 Ib
do
6,215
155
664
7, 677
161
734
5,501
175
529
6,799
155
701
5,249
139
539
5 726
117
622
6 609
147
756
5, 861
136
661
7 1°4
190
919
7, °56
206
843
5, 711
203
659
6 525
255
787
5,252
2.192
1,231
7,645
4,925
1,097
6, 220
2, 992
1,429
7, 020
3, 132
1,515
4,887
1, 608
1, 127
6, 692
3,709
1,275
4, 809
1, 723
1,346
4.948
6 1,923
1,211
4.320
1,249
1, 250
3, 905
781
1, 000
4,212
1,361
1,150
5, 223
* 1. 031
1, 360
p . 365
p. Ill
.400
. 118
.375
. 113
.375
. 118
.350
108
.350
113
. 350
. 108
.300
.103
.275
.110
.300
.110
.325
.090
483
1 769
1,366
3 007
424
1 . 593
1,141
2 367
485
1, 801
862
3. l>34
403
1,769
1,064
2, 833
532
2,031
1.242
3, 128
453
1 793
1, 119
2 9G6
471
1, 798
1, 212
2, 693
386
1,844
1,325
2 552
1 790
1,047
2 727
4 236
2,966
3 979
2,573
5 548
3,860
4, 252
2,955
5 493
4,436
-1 763
3,984
4, 863
4,968
5 273
4.393
4 522
4,051
. 050
650
f 647
1. 137
f 1. 137
LEATHER
Production:
498
466
462
492
418
Calf and whole kip
_
_ thous skins
1,804
1 772
1, 877
1,947
1,798
Cattle hide and side kip thous hides and kips
1,179
1,176
1,269
1,191
Goat and kid
_
thous. skins.. 1,184
2,864
3 122
2 527
2 772
2 675
Sheep and lamb
do
Exports:
4.628
5 507
3 502
4 436
4 174
Glove and garment leather
thous so ft
3,423
3,019
3, 633
2,773
4, 026
Upper and lining leather
do
Prices, wholesale:
p 711
v 678
697
Sole bends light f o b tannery
$ per Ib
693
.693
Upper, chrome calf, B and C grades, f.o.b. tanv
1.151
^1.326
1.152
1.173
nerv
$ ner so. ft
1.177
r
Revised.
v Preliminary.
i Average based on3 reported annual total.
2 Average based on months for which
data4 are available.
Not available.
Crop estimate for the year.
* Quarterly average.
e Effective Sept. 1963, and Jan. 1964,data exclude small quantities formerly included.
^Revisions for 1962 appear in the Sept. 1963 SURVEY.
687
687
.660
.657
.657
657
.657
1.173
1.170
1.140
1.133
1.097
1.103
1.137
' 6 779 6 400
. 325
.083
' 1. 143'
233
904
7,122
3, 254
1,113
8,400
. 325
078
p. 325
p. 084
414
*New series. Data prior to Sept. 1962 may be obtained from Bureau of Census reports.
§ Monthly averagesfor 1951-56, published in 1963 edition of BUSINESS STATISTICS,
should read as follows (thous. sh. tons): 1951-56, respectively—95.3; 60.1; 119.1; 127.4; 78.7;
138,5. Corresponding data in 1961 edition of BUSINESS STATISTICS should read (mil.
Ib.): 1951-56, respectively—190.6: 120.3; 238.2; 254.9; 157.3; 276.9.
9 Includes data for items not shown separately.
SURVEY OF CURRENT BUSINESS
May 1904
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1963
S-31
1964
1963
Monthly
average
Apr.
Mar.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
44, 671
45, 258
Jan.
Feb.
Mar.
Apr.
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers:
Production, totalj
thous. pairs_. 49,803
Shoes, sandals, and play shoes, except athletic
thous pairs -. 42,033
6, 603
Slippers for housewear
do
583
\thletic
- -. do
584
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. _ _
r
T
49, 284
51, 983
49, 367
48, 863
44, 635
44, 848
55, 670
50, 132
53, 809
42, 157
5,918
502
707
46, 026
4,989
505
463
43, 251
5,084
612
420
41,915
5,855
660
433
37, 997
5, 401
558
679
38, 430
5 368
377
673
46, 686
7, 526
495
963
40. 486
8,087
486
1,073
42, 784 35, 992
9 212
7 357
500
438
1 313
884
177
170
233
161
160
145
136
182
190
205
208
132
115
156
105.6
105.1
105.1
105.1
105.1
105. 1
105.1
105. 1
105.1
105.1
105 1
105 1
105 1
105. 1
105. 1
107.8
111.2
106. 5
110.7
106.5
111.0
106.5
109.9
106.5
110.2
106.5
110.0
106.5
111.1
106. 5
111.3
106. 5
111.1
106 5
111.3
106 5
110 6
106 5
110 9
106 5
111 2
106 5
110.6
106 5
110. 6
52, 137
39, 932 '•47,074
4 109 r 4 072
412
r 402
T
589
805
50, 597
44, 955
4 852
395
395
T
LUMBER AND MANUFACTURES
LUMBER— ALL TYPES
National Lumber Manufacturers Association rcPO
Production total
mil. bd. ft._
Hard woods
do
Softwoods
do
2, 764
530
2,234
2,882
581
2,301
2,878
581
2,297
2,935
626
2, 309
3,121
613
2, 508
2,835
619
2. 216
2 743
554
2,189
3,145
588
2,557
3 115
609
2, 506
3 244
617
2, 627
2 798
600
2,198
2 559
501
2,058
9
701
501
2, 200
2 817
524
2,293
3 054
493
2, 561
do
do
do
2, 777
525
2,252
2,866
564
2,303
2,823
600
2,223
2, 969
594
2, 375
3, 235
581
2 654
2, 923
564
2,359
2,939
590
2, 419
3, 100
567
2,533
2,903
56°
2, 341
3, 054
599
2, 462
2 707
579
2 128
2 579
516
9
063
2 686
514
2 172
2, 945
548
2, 397
3, 082
547
2, 535
Stocks (gross) mill end of month, total ..do
Hardwoods
- -do
Softwoods
do
6,346
1,529
4,817
6, 504
1,842
4, 662
6 658
1 702
4, 956
6 679
1 736
4,943
6 508
1,771
4,737
6 419
1,830
4, 589
6 243
1 866
4,377
6, 312
1,887
4, 425
6 454
1 914
4,540
6 493
1 964
4,529
6 555
1 987
4' 568
6 541
1 971
4 570
6 594
1 957
4 637
6 472
1 930
4 542
6 461
1 871
4 590
_ _ do _
do
63
408
73
1445
r
70
416
63
425
83
463
60
516
77
616
76
576
77
*457
84
469
82
381
84
364
70
274
68
382
mil. bd. ft_.
do
680
496
679
538
637
568
724
577
759
542
664
554
609
521
618
450
719
491
800
520
649
598
665
535
§49
671
738
721
694
637
665
673
991
671
676
969
705
678
1,082
732
716
1,098
726
793
1,031
595
651
974
542
643
882
692
689
894
700
677
995
745
772
878
666
641
993
638
659
903
761
706
984
708
688
1 004
771
778
997
26
Exports, total sawmill products
do
10
Sawed timber
do
17
Boards planks, scantlings, etc
do
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
$ per M bd. ft.. 78.65
Flooring, C and better, F. G., 1" x 4", R. L.
$ per M bd. ft.. 122. 52
Southern pine:
478
Orders new ._
mil. bd. ft..
255
Orders unfilled, end of month
do
31
12
19
32
14
19
32
11
21
35
11
24
22
8
14
30
9
21
31
11
21
26
10
16
34
15
90
37
14
23
37
18
19
28
11
17
27
12
15
Shipments, total
TTard woods
Softwoods
Fxports total sawmill products
Imports total sawmill products
SOFTWOODScfO
Douglas fir:
Orders new
Orders unfilled, end of month
Production
.
Shipments
Stocks (gross) mill, end of month
do
do
do
Production
do
Shipments
_.
_ _ do
Stocks (gross), mill and concentration yards, end
of month
mil bd ft
Exports, total sawmill products
M bd. ft..
Sawed timber
do. ..
Boards, planks, scantlings, etc
do
Prices, wholesale, (indexes):
Boards, No. 2 and better, 1" x 6", R. L.
1957-59-100..
Flooring, B and better, F. G., 1" x 4", 8. L.
1957-59 = 100..
1
Western pine
Orders new
mil bd ft
Orders, unfilled, end of month
do. _
Production
_ _ _ _ _
do
Shipments
do
Stocks (eross), mill, end of month
do
Price, wholesale, Ponderosa, boards, No. 3, 1" x
12", R. L. (6' and over)
$ per M bd. ft...
HARDWOOD
79.92
78.13
78. 67
79.86
80.84
86.00
85.90
79. 86
77.96
77.73
77.96
134. 22
130.05
130. 51
131.74
131.74
136. 04
138. 45
136. 72
137. 67
139 77
491
280
483
276
553
318
543
309
496
312
541
305
523
279
486
2(59
562
279
483
9
64
141 38
379
256
484
488
460
457
489
511
531
55°
478
493
511
548
518
549
503
496
545
552
498
1,366
1,380
1,453
6, 325 ' 6, 414 6, 075
1,571 r 832
655
5, 583
4,754
5,420
1 431
5,174
907
4.267
1 410
9,761
1, 402
8. 359
1 395
5, 334
534
4,800
1 358
5, 926
987
4,939
1 327
7,174
675
6.499
1 334
4, 681
397
r
4, 284
1 397
7 676
833
6,843
1 313
8 99>)
10
1 5
6 985
93.1
92.5
91.2
91.7
92.1
92. 9
93.9
94. 3
94.0
92.8
93 0
94.6
95.2
94.4
94.5
95.0
95.3
95.5
95.7
96.0
95.6
95 6
800
416
849
383
776
364
875
424
941
400
910
417
94?
435
892
356
866
347
730
359
789
797
1,679
841
839
1, 657
833
779
1,737
763
815
1 737
916
965
1 636
835
894
1 577
866
9'H
1 519
1 006
971
1 554
977
875
1 656
1 OO9
384
999
837
1 683
67.43
67.42
66. 06
67.72
68. 53
69.06
70. 79
72.16
70. 56
3.1
10.5
2.7
2.9
7.9
2.9
10.8
2.8
2.7
6.5
3 4
11.5
2 7
2.4
7.1
2 8
11.6
2 g
26
7.4
3 4
11.4
2 8
32
6.9
35
11.4
2 5
3 4
6.2
9
8
10.5
2 7
3 4
5.5
31
10.9
33
33
5.4
2
10
2
2
5
65.7
42.8
65.0
65.9
75.2
68.3
45.2
69.3
69.1
43.6
70.1
52.3
62.7
67. 1
47 2
68.3
51.6
69 3
70.2
45 8
77 0
52.1
76 7
77.6
44 8
68 4
49.6
70 0
74 5
40 2
72 9
48.1
72 2
74 4
38 0
75 5
47.5
75 3
76 1
37 9
64 9
44.9
69 4
68 6
38 7
478
475
r
' 78. 20
81.43
P82. 00
142. 46
150.02
"152 72
9
447
59
466
270
9
41 1
•jo 7
475
444
476
455
520
509
1 337
7 955
1 300
6 655
1 368
G' 603
747
5 856
1 38()
6 391
902
5 48()
1 400
92 8
92.7
92 8
92 6
95 6
95. 6
95. 4
95 4
759
347
8()1
503
937
501
876
496
779
700
1 693
1 678
689
735
1 695
806
939
1 492
1 541
65.96
64 62
63 50
63 07
63 67
j'66 4.5
9 I
9 9
9 8
10. 6
39 3
6
6. 6
10 4
9 5
9 4
6 6
10 5
o i)
1° 4
72 8
40.4
79 9
55 1
34^7
68 3
64 97
41
51 0
36. 9
69 8
56 4
46 6
AOA
r
T
528
89
930
FLOORING
Flooring:
Maple, beech, and birch:
Orders, new
mil bd ft
Orders, unfilled, end of month
do
Production
do
Shipments
_ ...
.
do
Stocks (gross), mill, end of month.
do__ _
Oak:
Orders, new
___do
Orders, unfilled, end of month
do
Production .
.do
Shipments
do
Stocks (gross), mill, end of month _ __ do
r
Revised.
T Preliminary.
1 Beginning Sept. 1963, data exclude small amounts formerly included.
JRe visions by months for 1961-Sept. 1962 are shown in Bu. of Census report M31A(62)-13.
0
0
8
4
8
39 7
9 ft
19
7 1
9
6
10 8
9 (5
9 9
7 6
75 7
44.7
79 7
64 4
55 0
119 6
2
19
7 9
84 2
63 '. 6
65 2
65 2
9 '•*
9 4
7 8
74 7
68. 6
73 2
^9 ^
cf Revisions by months for 1961-Oct. 1962 for production, shipments, and orders will be
shown later; those for 1951-62 for stocks appear on p. 28 of the Jan. 1964 S U R V E Y .
O Beginning Jan. 1961, data for Alaska included in pertinent items.
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1 1963
Mav 1964
1963
Monthly
average
Mar.
Apr.
May
June
July
1964
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (incl. pig iron, excl. advanced mfs. and ferroalloys) :
Exports, total? ..
__
thous. sh. tons..
Steel mill products
do
Scrap
do
Imports total $
Steel mill products^
Scrap^f
do
do
do
Iron and Steel Scrap
Production and receipts total
thous sh tons
Home scrap produced
do
Purchased scrap received (net)
do
Consumption total
do
615
168
426
••736
182
'530
'637
179
'424
688
198
459
826
223
564
778
169
589
195
698
941
178
748
817
162
640
790
212
552
657
207
428
820
230
564
864
226
580
« 780
212
« 557
424
342
22
454
19
427
387
18
500
425
17
597
516
30
603
467
28
669
599
12
637
547
14
471
13
549
15
516
16
402
29
481
24
428
23
5,494 v 6, 174
3,387 p3, 715
2,107 p 2, 459
5,513 '6,218
8,844 p 7, 977
6,519
3,877
2,641
6,825
7,920
7, 076
4,215
2,861
7,207
7,785
7,538
4, 465
3, 073
7, 583
7,738
6,858
4, 168
2, 690
6, 867
7,731
5, 958
3, 732
2,227
5, 681
8,011
5,511
3, 404
2, 107
5,425
8,097
5,494 ' 6, 186
3, 333 ' 3, 670
2, 516
2,131
5, 573 ' 6, 197
8,002
8,013
p 5, 933
p3,513
p 2, 420
p 5, 971
P 7, 961
p 5, 914
p 3, 536
p 2, 379
p 5, 944
p 7, 935
26.51
28.00
27.00
30. 50
28.30
30. 50
26 20
25. 00
25. 69
25.00
26. 56
25.00
26.89
26.00
27 0°
25.00
27.24
26.00
6, 063 3,763
8,354
4,031
8.933
9,019
6, 157
1,419
2,123
9, 111 10.588 10, 704
'4,071
' 2, 791 1,362 '1,877 ' 3, 055 ' 3, 725
8, 865
10, 587
4,220
8,573
7,318
9,141
9,718
' 3, 369 ' 4, 064
3.876
5,997
2.980
3,543
1, 846
1.940
8, 458
8, 669
568
' 74, 530
'15,726
'53,432
5,372
13.375
7, 548
1.095
75, 732
15, 505
55. 188
5,039
12, 535
7, 516
711
79, 649
14, 359
60, 185
5, 105
12, 386
8,010
715
81.194
11,391
64, 550
5,253
8, 932
8.033
'428
80, 030
9,237
65, 450
5,343
4,052
8,458
341
77, 325
10, 934
61,044
5,347
'135
67
88
46
71
54
5, 525
5, 603
5, 565
P 5, 588
5,897
P 5, 949
6, 291
6,199
6,910
' 2, 813 p 2, 825
p 2, 806
62. 75
p 63. 03
p 63. 50
Prices,' steel scrap, No. 1 heavy melting:
Composite (5 markets).
$ per Ig. ton.. 28. 12
29.00
Pittsburgh district
do
Ore
Iron ore (operations in all U.S. districts):
Mine production
thous. Ig. tons.. 6, 050
5. 859
Shipments from mines __
_ __ do
2, 786
Imports
do
U.S. and foreign ores and ore agglomerates:
8, 121
Receipts at iron and steel plants
do
8,041
Consumption at iron and steel plants
do
491
Fxports
do
75, 737
Stock55 total end of mo
do
14,
657
At mines
do
55, 293
At furnace yards
do
5,787
At U S docks
do
Manganese (mn. content), general importsf__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._
Prices:
Composite
$ per Ig. ton..
Basic (furnace)
do
Foundry No 2 Northern
do
Castings, <rray iron:
Orders, unfilled, for sale, end of mo.
thous. sh. tons..
Shipments, total
do
For sale
do
Castings, malleable iron:
Orders, unfilled, for sale, end of mo.
thous. sh. tons _ _
Shipments total
do
For sale
do
Steel, Crude, Semifinished, and Finished
Bteel 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
26.78
27.00
3, 426
9, 339
104
'71,954
19. 390
'46,679
5, 885
4,026
9. 691
178
67, 679
21, 335
41, 054
5,290
12,050
10, 701
843
67, 893
20, 568
42, 378
4,947
13, 177
10,018
949
68. 969
19,002
45, 033
4,934
13, 070
8, 758
1, 258
71,56"
17, 226
49. 358
4,981
97 99
26.00
' 28. 94 28.63
29.00
29.00
4,067
1,406
1,693
p 28. 87
p 31. 00
4,088
1,446
1, 667
3, 225
2,710
8,867
9,113
211
255
73,141 « 69, 936
13,224 "15, 86P.
54, 644 49, 002
5,068
5,273
3,491
9, 764
84
107
86
42
105
70
5,477
5,550
5,993
P 6, 057
6,449
6,576
6, 763
6,905
7.436
7,584
6.940
6,990
5.989
5,909
5,278
5,270
5,174
5, 224
3,178
'P2,814
2,864
2,747
2, 634
2. 669
2. 782
2, 804
2,811
65. 46
65. 50
66.00
62.87
63.00
63. 50
62. 95
63. 00
63.50
62. 95
63. 00
63.50
62. 95
63 .00
63.50
62. 95
63. 00
63. 50
62. 95
63.00
63.50
62.75
63. 00
63. 50
62.75
63. 00
63. 50
62. 75
63.00
63.50
62.75
63. 00
63.50
62. 75
63.00
63.50
62.75
63. 00
63. 50
62. 75
63. 00
63. 50
680
963
527
783
r 1,063
591
802
1, 055
558
818
1, 154
653
840
1,218
688
819
1, 146
646
806
1.003
578
805
985
608
805
1, 037
598
758
1. 194
673
692
1,049
575
719
1, 014
534
806
1,068
546
759
1,095
564
73
72
41
81
78
44
83
81
45
79
82
46
78
85
48
77
78
44
82
68
37
82
68
40
82
74
42
78
87
50
80
78
42
88
79
42
91
84
49
8, 194
101.2
9, 105
112.5
10, 080
122.2
10, 695
134.0
11.490
139. 3
10, 365
129.8
8, 654
104.9
7,782
94.3
7,858
98.4
8,483
102.8
8,488
106.3
8.753
106.1
9. 515
115.3
183
119
93
219
125
100
207
127
99
215
130
104
217
145
115
201
131
105
217
105
86
216
119
95
219
121
97
995
135
107
255
126
101
9
62
133
107
312
145
117
333
141
114
308
113
86
306
116
88
310
r 123
323
124
92
312
125
93
297
118
87
306
96
74
310
105
78
298
115
91
306
123
95
311
111
84
312
114
88
320
139
111
322
121
93
327
138
108
7,375
316
479
652
111
1,136
743
256
129
724
302
560
3,094
891
1, 455
6,460
237
451
636
84
966
584
279
97
699
255
533
2, 599
708
1,213
5,895
206
456
579
91
910
536
269
97
631
250
541
2,232
582
995
5,455
212
417
587
90
848
490
260
90
569
244
405
2,084
571
898
5,927
266
464
614
70
948
580
258
103
605
263
404
2,293
655
1,019
5,617
285
428
608
74
909
584
220
97
468
221
352
2,272
'672
1,044
5,540
252
420
588
92
853
579
167
99
442
192
323
2,378
685
1,149
6,475
281
422
614
109
977
680
169
120
504
221
563
2, 786
833
1,316
6,239
311
405
613
120
916
621
172
114
545
226
494
2, 608
777
1,211
7,124
394
468
679
141
1,095
702
262
123
665
276
545
2,860
878
1,320
11.2
5.9
4.9
3.4
11.9
4.9
4.2
3.4
11.6
4.1
4.4
3.5
10.9
4.0
4.7
3.5
10.0
4.5
5.4
3.5
9.5
4.3
4.8
3.5
9.3
4.6
4.8
3.5
9.4
5.2
5.1
3.4
9.4
4.8
4.8
3.5
P9.4
P5.3
z>5.3
»3. 5
7.5
7.4
.0704
7.3
7.2
.0704
7.2
6.8
.0704
7.4
6.8
.0704
7.3
6.7
.0714
7.4
6.9
.0715
7.8
7.2
.0715
7.8
7.2
.0715
8.0
7.3
.0715
P8.0
P7. 6
.0715
92
' 108
:i:
42. 729
4,707
79
Steel products, net shipments :
7,308
6,296
8,061
5,879
6,691
Total (all grades)
do
314
263
342
231
272
Semifinished products
do
443
498
395
548
442
Structural shapes (heavy), steel piling. ..do
632
603
522
715
613
Plates
do
92
109
86
113
102
Rails and accessories
do
972
1,119
916
1, 245
1,009
Bars and tool steel, total
do
631
735
844
597
703
Bars: Hot rolled (incl. light shapes)
do
224
247
254
177
199
Reinforcing
_
do
129
110
120
139
112
Cold
finished
do
706
592
587
768
564
Pipe and tubing
do
262
324
282
350
259
Wire and wire products
do
567
505
488
567
606
Tin mill products
do
3, 038
2, 587
2,373
2,840
3,373
Sheets and strip (incl. electrical), total... do
735
888
646
986
804
Sheets* Hot rolled
do
1,434
1,594
1,126
1,209
1, 354
Cold rolled
do
Steel mill products, inventories, end of mo.:f
9.4
10.2
10.3
10.0
9.0
Consumers (manufacturers only) mil sh tons
4.8
4.4
5.1
5.4
6.0
Receipts during month
do
4.4
5.2
4.7
4.7
5.0
Consumption during month
do
3.4
3.4
3.2
3.3
3.3
Warehouses (service centers)
do
Producing mills:
7.2
7.4
7.5
7.6
7.5
In process ("ingots, semifinished, etc.)
do
7.2
7.1
6.9
7.3
7.5
Finished (sheets, plates, bars, pipe, etc.) .do
.0705
.0698
.0701 .0704
Steel (carbon), finished, composite price__-$ per lb_^ .0698
r
Revised.
* Preliminary.
9 Includes data n ot shown separate5lV.
t Beginning Sept. 1963, imports statistics reflec , adoption of the U.S. Ta riff Sche dule;
these data may not be strictly comparable with fig ures sho wn for p rior mon ths.
jEffective with the Oct. 1963 SURVEY, data for stee . consum1ers (man ufacture -sonly) r eflect
recalculated estimates based on the use of quantity coverage factors (derived from th • 1958
913
91 .
83
44
62.75
._.
9,474 '10,485 p 10, 543
122. 8 ' 127. 1 pl32. 1
.07l.c
Censi s of Mailufacturc s); previ ousiy pu blished lata wei e based on cost coverage factors'
Revis 1ions bac k: to Oct. 1961 apt>ear in th e Oct. K 63 SURV EY.
« R e visions "or Feb. 1963 (unit sasabo\ e): Expc>rts, tota , 743; scr ap, 553; iron ore stocks—
total, 74,597; al mines, 15,856,
SUKVEY OF CURRENT BUSINESS
Mav 1964
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
Monthly
average
1964
1963
1963
Mar.
Apr.
May
June
July
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 rno
thous. sh. tons_.
do
- do
Barrels and drums, steel, heavy types (for sale):
QV>
' t
'
~
do
Cans (tin plate), shipments (metal consumed),
total for sale and own useO
thous. sh. tons—
302
322
2,624
2,322
2,864
1,404
1,947
1 273
1,922
2,053
2,029
MOO
"381
"339
176.5
133.2
192.7
63.0
25.6
4.9
12.6
'34.7
"3.4
13.8
153.1
. 2388
105.6
336
341
289
371
2,396
302
370
2, 458
2,323
2,297
322
411
2, 260
262
324
2, 238
2,322
356
310
2, 306
2,270
2,285
1, 306
1,354
1, 863
1,322
1, 999
1,274
2, 058
1,281
1,956
1. 233
1, 994
1,107
1,702
1,119
1,603
1.184
1,858
1,202
1,812
" 383
"407
M03
"458
" 514
"459
"425
"299
" 288
342
293
181. 6
61.0
181.3
67.0
192.9
63.0
192. 5
63.0
201.4
58.0
203.1
67.0
197.4
66.0
205. 1
71.0
201.1
63.0
209.1
73.0
212.0
68.0
200.2
18.6
3.5
16.6
30.6
3.3
16.8
35.5
3.3
16.9
47.4
2.8
12. 6
53.9
4.1
16.0
" 40. 5
"3.5
13.6
38.2
3.5
13.0
34.5
4.0
13.2
36.9
4.1
12. 6
36.1
3.8
11.9
34.3
4.5
16.8
28.8
4.2
13.0
119.6
101.7
96 9
110.7
99.0
108.0
107.8
.2300
. 2300
312
306
1,297
389
355
2,613
1,288
409
390
2, 668
345
360
350
411
440
321
247
304
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous. sh. tons..
Estimated recovery from scrap
do
Im ports (general):
T>1 t
Ti
t
t'
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__
Alumlnum shipments:
In cot nnd mill products (net) A
Mill products total
.2262
. 2250
.2250
88. 2
83.3
. 2250
.2250
85.7
. 2250
r)
94.5
93.8
. 2250
.2250
.2298
552 9
.2300
. 2300
67. 0
214.2
106. 0
.2343 """"2350
464. 3
317. 6
142. 6
77.2
' 526. 7
' 355. 2
166.9
79.4
496.8
345. 0
159.8
82.5
537. 5
356. 0
166 6
83.5
591.2
402. 7
198. 0
83.1
526 .0
359 .7
172.2
78.5
5 6 4
302. 1
1 75. 1
65. 1
377.7
535. 6
345. 8
161.3
77.0
584. 6
423. 7
210.0
85. 0
489.8 " 523. 7
179.7
75. 5
324. 8 " 328. 6
144. 4
145.0
79.3
79. 8
546. 3
362. 3
170 9
90.7
536. 7
360. 2
170. 1
84.2
102.4
134. 3
101.2
33.1
22.7
100. 8
133.0
101. 6
31.4
24.0
105.1
134. 3
100. 6
33.6
27.5
105.2
132. 1
101.2
30.9
25.4
105. 0
137. 2
106. 7
30.5
24.1
92.9
138.9
102. 4
36.5
24.4
86.1
135. 5
101.7
33.8
17.7
96.8
134.9
98.6
36.3
23.3
99.1
129.0
95.1
33.9
24.9
109.8
138.0
103. 5
34.5
25. 8
106. 3
131.8
103. 7
28.1
23.3
107.0
141.3
106. 3
35.0
23.7
107.3
140. 4
103. 4
37.0
24.1
" 107. 4
147.1
109. 8
37.3
22.4
113. 5
145.0
109. 6
35.4
29.4
40.1
8.2
"45.1
9.9
61.3
4.4
35.2
8.4
"42.0
9.0
46.2
9.6
"41.3
11.0
" 55. 1
17.2
70.8
13.3
51.7
12.2
r
33. 0
11.8
" 54. 0
7.4
"45.9
8.9
35.4
11.3
60.0
10.3
32.1
28.0
134. 2
30.0
'26.0
146.2
30.6
26.8
153.3
29.7
24.7
147.6
33.1
27.2
160.5
32.0
28.9
155. 4
27.6
22.7
109.2
37.5
33.0
144.4
29.5
25.3
142.0
29.5
25. 6
163.7
30.0
26.4
147.5
39.7
33.9
140.7
34. 3
29.5
31.4
26.6
p 152. 0
33.2
25.4
p 161.0
do
do
$ per lh._
177.5
102. 0
.3060
175.4
96.0
168. 0
89.2
153. 3
87.6
197. 2
119.2
183. 8
115. 1
173.8
103. 0
1 54. 7
80. 1
150.3
75. 9
145.3
82.8
P 135.0
f 140. 4
P 90. 9
pl40. 3
.3060
184.4
98.8
.3060
193.3
98.9
Copper-base mill and foundry products, shipments
(quarterly avg. or total):
Copper mill (brass mill) products
mil. lb—
Copper wire mill products®
do
Brass and bronze foundry products
do
578
409
229
616
428
239
595
414
235
Lead :
Production :
Mine, recoverable leadj
thous. sh. tons..
Secondary, recovered from scrap©
do
19.7
37.0
20.9
39.7
14.7
41.4
20.9
39.4
24.2
38.9
22.3
38.1
23.6
33.6
24.5
39.8
22.2
40.5
24.7
47.0
22.6
43.7
22 6
37.4
24.8
39.9
"22.7
39.6
33.4
92.5
31.3
96.2
34.9
91.9
30.1
94.6
30.2
97.2
34.1
93.4
31.9
85.0
24.8
92.7
31.5
93.5
32.1
108.6
38.1
101.9
33.1
100.7
32.4
105.4
37.7
93.7
mil.lb—
do
Castings
Copper:
Production:
Mine, recoverable copper t
do
thous. sh. tons__
Erom domestic ores
do
Erom foreign ores
_ _ _ _ _ _ _ _do
Secondary, recovered as refined. _
do
Imports (general):
Refined, unrefined, scrap©5
do
Refined
- - do
Exports:
Refined, scrap, brass and bronze ingots... do
Refined
do
Consumption, refined (by mills, etc.)
do
Stoek^ refined, end of mo., total
Fabricators'
Price, bars, electrolytic (N.Y.)
Imports (general), ore©, metarf
Consumption total t
do
do
Stocks, end of year or mo.:
Producers', ore, base bullion, and in process©
(A BATS)
thous sh tons
Refiners' (primary), refined and antimonial
(lead content)
thous. sh. tons-Consumers' c^
do
Scrap (lead-base, purchased), all smelters
thous. sh. tons..
Price, common grade (N.Y.)
$perlb__
Tin:
Imports (for consumption) :
Ore©
lg tons
Bars, pigs, etc. _
do
Estimated recovery from scrap, total©
do
As metal _
_
do
Consumption pig total
do
Primary
do
Exports, incl. reexports (metal)
Stocks, pig (industrial), end of mo§
Price, pig, Straits (N.Y.), prompt
.3060
.3060
.3060
669
445
239
. 3060
.3060
. 3060
. 3060
P80.9
.3060
.3060
693
457
"249
578
398
234
110.2
79.7
80.8
79.9
90.6
98.8
97.0
105.3
111.1
112.2
110.2
109.5
117.4
56.
9
lp 5
112.7
99.0
112.6
97.2
108.5
94.1
101.0
95.7
94.5
101.8
85.3
104.3
80.4
109.4
72.0
108. 5
64.2
111.5
56. 9
115.5
47.3
111.2
45.2
111.4
46.1
.0963
62.7
.1114
47.4
.1050
48.4
.1050
48.1
.1050
45.9
.1071
52.6
.1107
54.8
.1135
57.0
. 1163
57. 3
.1194
55.7
. 1215
62.7
.1250
67,2
.1298
71.9
.1300
447
"211
0
" (2)
0
3
1,840
225
7,115
5.115
1,830
235
7,070
5,085
1,930
230
7, 420
5, 290
1, 895
210
339
4.081
1,690
215
6, 470
989
3, 080
1, 990
290
265
3, 109
1, 765
270
5, 960
4,010
1.249
3. 227
1,770
190
6, 580
4, 710
1, 705
1,820
230
" 6, 525
" 4, 601
0
3,451
1,565
220
6, 425
4, 770
627
1,750
250
6, 750
4. 790
64
24, 025
84
22, 515
1. 1302
27
21, 255
1. 1665
410
25, 585
1. 1772
24,110
97
1. 1664
1. 0922
151
23, 590
1. 1484
102
165
30, 245 " 29, 364
207
27, 185
297
25, 245
1. 3402
1.4012
3,422 " 3, 596 ' 3, 941 3,732 ' 4, 496 4.384
6,590
4,550
135
25,610
6,985
5, 035
1. 1534
4.530
259
2,327
3,546
6.G30
4,145
6,705
4,455
265
32, 000
1. 1611
170
30, 980
1. 1997
1,760
235
1,925
240
5,490
3, 630
1. 2704
1.3020
p 88. 3
.3112 """."3160
p 689
p 467
p 250
91.0
24.4
111.5
. 1300
.1300
2.378
42.1
43.9
43.7
46.1
45.5
42.5
40.5
44.9
41.5
46.9
45.1
45.1
48.8
"44.9
39.0
11.8
31.1
12.1
29.6
18.0
34.3
11.7
28.0
10.4
34.8
7.7
33.9
11.9
31.7
8.2
27.0
19.4
26.9
11.0
29.8
15.2
33. 0
14.7
23.6
11.4
39 9
8.2
16.7
8.0
16.0
7.9
16.1
8.2
15.7
8.9
16.8
8.9
15.8
8.1
15.4
7.1
15.5
8.2
16.1
8.7
16.6
7.7
16.1
7.7
15.9
7.4
16.4
8.0
16.5
T
Revised.
» Preliminary.
* Recoverable aluminum 2content. Monthly data are
expressed in metallic content (incl. alloying constituents).
Less than 1 ton.
©Revised to reflect new factor to derive tonnage equivalent (23.5 base boxes per ton of
steel); comparable Jan. and Feb. 1963 shipments (thous. short tons), 314 and 287.
ABeginning Jan. 1963, net shipments of ingot derived by new method to include imports
not previously
included.
{Revisions for 1962 are in the Sept. 1963 SURVEY.
.3060
142.5
93.5
36
do
21, 730
do_
1.
1461
$perlb_.
Zinc:
Mine production, recoverable zincj
thous. sh. tons..
Imports (general):
Ores©1
do
Metal (slab, blocks^
do
Consumption (recoverable zinc content):
Ores©
do
Scrap, all types
do
. 3060
P150.7
::::::::
l.~3482~ ""I "3351
46.3
10.6
©Basic metal content (for tin ore, through Aug. 1963; gross weight thereafter).
JSec
similar
note, bottom p. S-32.
d71 Consumers' and secondary smelters' stocks of lead in refinery shapes and in copperbase scrap.
§ Effective Sept. 1962, includes surplus tin held by GSA (i.e., tin to be offered
for sale and tin for which bids to purchase were rejected by GSA).
SURVEY OF CURRENT BUSINESS
S-34
1962
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1964
1963
1963
Monthly
average
Mnv
Mar.
June
May
Apr.
July
Aug.
Oct.
Sept.
Nov.
Dec.
Jan.
i
Feb. 1 Mar.
Apr.
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND PROD.— Con.
Zinc— Continued
Slab zinc:
Production (primary smelter), from domestic
and foreign ores
thous. sh. t o n s _ _ j
Secondary (redistilled) production
do
Consumption fabricators'
do
Exports
-- do_ _ _
Stocks, end of year or mo.:
Producers', at smelter (AZI)A
"°
Consumers'
_-do
Price, prime Western (St. Louis)
$perlb._
HEATING EQUIPMENT, EXC. ELECTRIC
Radiators and convectors. shipments:
\
Ca<?t iron
mil. sq. ft. radiation _ _ !
X^on ferrous*
- - do
Oil burners:
Shipments
_tnous_.
Stock5? end of vear or mo
do
Stoves and 5ranges, domestic cooking:
Shipment ! total (excl liquid-fuel tvpes) do
Gasc? "'
^°
Stoves domestic heating shipments, total
do
Ga<;
do
Warm-air furnaces (forced-air and gravity air-flow),
shipments^ total
thous .
Gss
do
Water heaters pas shipments
do —
MACHINERY AND APPARATUS
Fans,1 blowers, and unit heaters, qtrly. totals:
Fan ^ and blowers new orders
mil. $..
TJnit heater group new orders
do
Foundry equipment (new) , new orders, net
mo. avg. shipments, 1957-59 = 100__
Furnaces (industrial) and ovens, etc., new orders
(domestic) nett
.-mil. $-..
Flectric processing
do
Fuel fired (exc for hot rolling steel)
_ do
|
s
73. 3
74.9
4. 5
90 1
2.8
77. 0
3.9
86.5
3.2
73.1
4.1
93.4
3. 1
77.3
4.5
99.2
2.9 !
09. 0
4.4
91. 1
4.4
55. 1
140.7
65 .7
. 1150
120.5 '
04.3
. 1200
154. 2
66. 4
. 1150
105.9
09. 5
.1150
1 0
9 f)
11
7 1
9
0 3
39 8
49 9
48 98
42
37 1
64 5
39 °
07 8
!
43 0
60 7
160 7
1G3 0
176 0
173 1
177 1
174 7
170 9 ;
174 0
1*7 3
185 0
4.9
80. 0
3.0
144.7
80. 0
.1162
92! i
1 0
157 0
94.1
101 9
101 5
120 4
79 2
105 6
55 7
108.9
87.1
217.7
117 8
95 3
200 3
90 8
75 2
198 5
94 1
80 5
223 1
MO. 2
i 16 2
i 40 9
1
15 7
38 2
13 3
111.4
. 1150
;
6
(
l;
!
:
69. 0
4. 1 1
85.4
4.9
80. 0
86.4
. 1202
9
9 0
9 1 '
48 7
05 8
41 9
65 1 •
177 3
173 9
ll i 9
0° 6 •
158 4 ^
103 4 !
104 8
85 3
218 0
113 1
91 4
931 9
1559 3
15 0
r
83. 8
4. 8
8s. 5
1.3
79. 3
5. 3 *
8 8. 5 :!
1.9
4.1
72.5
5.4
90. 0
2.0
78.1
6.0
99.3
2.4
04.0 !
88.1
. 1250
55.4 j
90.1
. 1250
53.9
88. 1
. 1250
50. 2
87.0
. 1250
55. 1
92. 1
. 1294
1 0
11 0 !
I9 4 i
1 4 !
1 4
13 9
1 1
9 8
1.0
8 0
58 5
63 8
75 7
51 8 !
79 4
49 5
55 9
43 9
3° 8
49 9
72. 0
4.0 !
92.5 |
185 0
181 3
198 9
194 9
°079 3
°0 5
173 7
170 7
16°
100
9
9
9
76. 0 ;
4.8
91.7
r
48.2 !
92.1 !
43.6 ;
92.0 i
. 1 300 | . 1300 |
.9 !
8.1 ;
r
r
72. 3 j
40.4 .
180 8
110 0
9
58 9
170 4
183 0
132 0 !
IOQ 5
81 6
-91.0 '
110 4
94 0
183 5
140 2
110 4
184 9
108 8
130 0
179 7
170 4
134 5
298 1
132 4
106 5
176. 8 i
97 0
81 0
191 9
95.8 :
79.2
248.3 i
230 0
r
54.3 :
•
95.9
79.
4 ;
;
'
41 8
18 2
131. 9
87.9
107.3
148.7
135.1
127 .0
160. 4
122.3
184.8
127.1
129.6
235.8
251.8 •
272. 9
;
7.0
1.2
2.8
8.2
1 l
3 4
15.0
1.0
5 5
8.1
1 9
3.1
10.8
1.0
4.7
7 9
1. 5
1.4
5.3
10
1.6
9.2
10
5.7
9.6
7
2.7
7.6
9
4 6
8.5
6.1
1 0
3.0
5.8
.8
2.4
9.8
:
10 5
:
112.6
128.7
116.5
136. 5
128.3
98.2
140. 8
150. 2
128.1
135.7
136.6
156. 9
146.5
153.3
9
515 ;
609
548
.578
.9 :
4.3 '
529
793
579
550
558
532
550
589
579
533
433
511
503
490
60
Oil
523
598
590
630
491
484
2,232
2, 434
2,137
2,212
2,569
2, 750
2, 307
2, 567
2,661
2,941
2,738
2.830
2. 543
Machine tools:
Metal cutting tools:
Orders new (net) total
F)omestic
Shipments total
Domestic
Estimated backlog
44.80
36.70
47. 85
35.15
4.2
59 50
47. 50
49 90
41. 10
5 2
61.55
49. 55
50. 00
41.65
5.0
62. 20
48.50
46.55
39.35
5.2
66.50
46.30
53. 65
45. 85
5.2
57.10
44 .40
53.55
46.50
5 2
57 90
47.90
44 55
38.65
5 5
49. 20
38. 55
41.20
33. 30
5.6
56. 55
45.40
54. 75
42.85
5.4
66. 85
53. 35
54.05
42. 95
5. 7
59. 10
49. 65
52. 35
41. 75
5.6
77. 40
64 15
69. 00
56. 30
5.6
80.15
60. 60
50. 35
39.85
6.2
14.60
11.65
12.40
9.30
18. 10
15. 90
15 30
12.80
12.85
11.85
17.35
14. 60
16.05
11.55
14.35
11.60
13.40
10.85
18.60
15. 85
14.80
13.15
18.85
17.45
3 Q
15. 55
13.90
14.95
12. 70
19.85
18.15
12.65
11.40
22. 35
17. 60
14.70
12.10
32. 35
29. 95
16.35
13.00
15. 95
15. 20
14. 05
11.30
21. 20
19. 80
14.30
12. 50
48.80
47.40
15.00
12.40
7 fi
307. 6
80 9
22 9
257.4
64.1
14 7
i 261. 4
i1 64.2
19. 7
1
1
1
1
158.9
309.2
80 2
378 9
98. 1
31 6
284 9
78 4
18 3
97 9
1.0 :
6.3
2,518
13
r, s
2.862 -
77 45
GO 85
-—
f,9 85
47 85 ._ . .
o 4 j
-20.30
-18.85
-19.15
-16.15
24 05 •
19 00 ;
i(j 85
15.30
r 2
30. 8
2 17. 2
1
r2
60. 3
2 57. 6
j
73 5
62.2
86 3
71 8
73 6
179.4
166 1
100.6
159 0
i 197. 7 i 213.7
241.6
262.6
199. 7
150.9
2,540
2, 653
1,665
1,551
1,832
1,903
2,190
2,604
3,186
3,673
3,174
3,622
3,146
- 1,653
139.6
155.8
169 0
143 9
153.4
160 8
140 2
156 4
165 8
167 9
159 4
174 4
144 4
165 8
119.2
309.3
305.5
127.9
353. 9
329.1
134. 1
406.0
363.6
130.6
340.8
279.5
139.3
333.8
311.0
145.1
291.2
358.6
133.8
297.1
281.2
93.1
326. 1
379. 7
149.0
423. 0
403.7
127.8
416.4
367.4
129. 0
382. 6
336. 9
128.6
349. 7
273. f
131.3
324. 7
302.5
150.3 ! 150.8 !._
365.0 i 420.5
330.0
379 0
116.4
133.0
112.7
72.3
70.2
91.0
99.5
173 5
200 3
197. 1
180. 3
153 2
142 8
135.8 ; I'l 1 I
J
••Revised.
Quarterly
average.
2 For month shown.
3 Data cover 5 weeks;
4
other months, 4 weeks.
Data cover 6 weeks.
9Includes data not shown separately.
AProducers' stocks, elsewhere, end of Apr. 1904, 18,800 tons.
*New series. Shipments (from The Institute of Boiler and Radiator Manufacturers)
represent the following approximate percentages of total industry shipments: Convectors,
90 to 95%; radiators and baseboards, 80 to 85%.
cflncludes data for built-in gas fired oven-broiler units; shipments of cooking tops, not
included in figures above, totaled 26,900 and 26,500 units in Jan. and Feb. 1904, respectively.
http://fraser.stlouisfed.org/
990.6 1,252.9 32008. 2 1872. 7 1, 799. 8
384.3
565. 2 3 779. 4 i 630.1
621.4
59.5
127
77.4
142
82.5
154
11.1
1.9
12.8
3.3
13.7
2.9
4
71.7
144
73.0
151
12.7
2.5
12.1
2.1
13.3
2.3
154
1,394 !
194 1
1.772. ( 1,413.3 1,367.9 131,6391
731. 1
4690.0
751. 5 ; 3 877 9
81. 5
160
--
- 74. 50
60. 45
'51.25
-39.10
T
6. 3
r
151 3
i 130. 1
1
Radio sets, production!
do
1,596.8 1, 523. 5 31,568.4 1,359.8 1,384.1 31, 653.9
594. 2 3 696. 4
Television sets (incl. combination), prod.§...do
539. 3
507.5 3 665.0
548.6
Electron tubes and semiconductors, factory sales ©
73.6
72.5
75.9
72.2
76.8
mil. $.. 75.9
Insulating materials, sales, index
1947-49=100
154
154
148
149
156
153
Motors and generators:
New orders, index, qtrly.
__
_ do
- 1 149
i 151
142
155
New orders (gross) :
Polyphase induction motors, 1-200 hp_.mil. $..
12.4
12 A
13.1
12.0
12.6
13.3
2.2
D.C. motors and generators, 1-200 hp
do
2.6
2.9
2.5
2.6
3.0
Federal Reserve Bank of St. Louis
105.7
39 i
140 3
547
581
Metal forming tools:
Orders new (net), total
.
_ mil. $._
Domestic
do
Shipments total
do __
Domestic
--do
Estimated backlog
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 tractorsO
mil $
ELECTRICAL EQUIPMENT
Batteries (auto, replacement), shipments thous__
Household electrical appliances:
Ranges (incl built-ins), sales, total!
do Refrigerators and home freezers, output
1957-59=100..
Vacuum cleaners, sales billed
thous..
Washers, sales (dom. and export)
do
Driers (gas and electric), sales (domestic and
export)
thous. .
. 1332
158.1 !
r 150.0 i
54 °
171 4
39 9
14 6
43. 5
. 1300
41.7 '
43.9 [
9
43 7
10 7
__
40.0
.9 i
S 2 i
42.3
44. 1
500
471
-
4.9 !
SO 9 i
2 . 4 i....
.4 :
Material handling equipment (industrial) :
Orders (new) index, seas, adj
_ .1957-59=100-Tndustrial trucks (electric), shipments:
Hand (motorized)
- number_.
Rider-type
^o
Industrial truck's and tractors (gasoline-powered),
shipments,
number-mil. $
do
do
do
months
i
|
52.1
'154
52.6 i
146 !
12.4
2.6
13.5 !..
3.4 L.
!
56. 9 ;
.-•
154
fAs reported by the Industrial Heating Equip. Assoc. for member companies, including
orders (not shown separately) for indust. ovens, atmosphere generating and combustion
equip., and miscel. items. Monthly data back to 1958 are available. ~ 0 Re visions for
lst-4th qtrs. 1962 (mil. $): 219.0; 238.0; 191.5; 142.4.
|Revisions for 1962-63 appear on p. S-34 of the Apr. 1964 SURVEY.
§ Radio production comprises table, portable battery, auto, and clock models; beginning
Jan. 1964, television sets include figures for color sets.
& See similar note, »>. S-35.
SURVEY OF CURRENT BUSINESS
Mav 1004
'
Unless otherwise stated, statistics through 1962
and descriotive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
19G3
1963
Monthly
average
S-35
Mar.
Apr.
May
June
July
1964
Aug.
Sept.
1
M ; « r , | Apr.
Oct.
Xov.
Dec.
Jan.
Feb.
1,311 " l.l.V) 1.427
149 i
i
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
;
Production
thous. sh. tons..; 1. 408 i 1, 609
156 I
279
Fxports
do
Prices:
i
29. 39
Retail, stove, composite
$ per sh. tori--! 28. 63
13.050 ; 13.195
Wholesale, chestnut, f.o.b. mine
do
1.595
266
1.492
195
1. 682
340
1. 783
286
1,326
1. 959
420
1,690
407
1, 809
345
1.405
319
1 . 608
309
1.527
248
29. 14
13. 930
29. 14
12. 180
28. 30
12.180
28. 62
12. 565
28. 84
12. 775
29. 04
12. 985
29. 79
13.510
30. 00
13. 510
30. 54
14. 420
30. 95
14.420
31. 35
14. 490
Bituminous:
Production-
33,582
37,974
40,919
38,862
27,629
41, 650
39,710
44,195
38,228
38,491
40. 430 -•34, 790 . 36,220
31. 885
15. 717
15.239
7,319
31,401
16. 191
14.426
6. 948
31. 615
17.053
13,649
6, 545
32. 470
17, 649
13. 583
6, 112
31.596
If), 566
13,405
(>. 039
33,814
17,593
14.612
6, 370
34. 388
17.783
14.615
6,241
40.199
20. 727
16,329
6. 570
r
39. 768 3(). 755 3(),43i;
20, 3S9 18,732 • 18. 16.",
! 16, 09,' ;
16,411 '15,525
7, 012
«i, 789 r f i . 540
830
703
841
1, 153
1, 536
1,511
1.905
3.118
2. 968
thous. sh. tons.. 35,178 : 37,667
Industrial consumption and retail 1 deliveries,
total 9
thou * ^h tons
Electri^ power utilities
do
Mfg and mining industries, total
.do
Coke plants (oven and beehive)
do
31.40 ; 31.10
14.490 1P14.490
32,314
15,903
14,006
0, 188
24 106
17.420
14. 668
6.474
34. 872
17.073
15.496
6. 719
31.287
1 5. 378
14. 864
6.913
2, 349
1,962
2.302
1,011
Stocks, industrial and retail dealers', end of
month, total 9
thous. sh. tons.. 67, 960
46, 665
Electric power utilities
do
20, 845
Mfg. and mining industries, total
do
9 044
Oven-coke plants
do
65, 692
46, 139
19. 103
7,. 373
56. 959
39, 704
16.949
6, 595
59, 7(54
41,554
17,907
6, 883
64. 551
45, 157
19, 033
7,648
67,638
46, 799
20 381
8, 202
63.318
44, 625
18. 199
6,386
67, 002
46.912
19,555
6. 919
69, 388
49, 138
19, 712
7,290
72, 708
51, 722
20, 423
7,912
73, 383
52. 383
20, 391
8,054
70, 083
49. 314
20. 270
8,014
46. 422
19; 659
7.780
44 961
19,121
7 900
450
306
303
361
458
494
535
538
563
609
499
455
3-18
3,201
Exports
do
3,923
Prices:
17.30
Retail, composite
$ per sh. ton_.
17. 46
Wholesale:
i 4. 918 2 4. 748
Screenings, indust. use, f.o.b. mine
do
i 7.443 27.014
Domestic, large sizes, f.o.b. mine
__do
2,722
3,561
4,573
4,110
3,685
5, 325
5, 266
5. 029
4. 500
3, 536
3. 152
Retail deliveries to other consumers
Retail dealers
do
.
do. ._
449
17. 63
17. 52
17.14
17.04
17.13
17.13
17. 46
17.69
17.73
17.83
4.757
7. 184
4.726
6. 754
4. 746
6. 533
4.753
6. 633
4.757
6.813
4. 752
6.886
4.752
7.061
4.745
7. 231
4.748
7. 257
4.748
7. 257
2,496
1.S72 ;
:
r>r>. 536 64,430
17.89
17. 89
37.315
t»;-i,0,-4
13 717
19,083
H 31°
!
251
i
17.89
r
4, 726
4.731 IP 4. 731
' 7, 276 7.221 P 7.023
COKE
Production:
68
4. 258
1,312
78
4.441
1.344
66
4, 628
1 , 337
86
4,741
1,296
100
4. 964
1,301
95
4. 735
1,320
4,467
1,407
4.201
1,385
4. 158
1,350
76
4. 391
1,367
4, 290
1,355
4. 520
1,457
4, 661
1,440
' 4,485 : 4 S20
1 343
3,899
2.796
1.103
1. 053
33
3.001
2, 301
700
1.200
38
3, 322
2,474
848
1.201
31
3. 186
2, 354
831
1,181
60
2 792
2. 057
735
1,138
61
2. 631
1,967
664
1. 129
63
2,618
1.952
666
1,157
44
2, 730
2, 089
641
1, 152
39
2,801
2,185
616
1,171
33
2,888
2. 304
584
1, 195
23
2,899
2. 379
520
1,381
41
2. 881
2. 394
486
1,297
19
2, 831
2 380
451
1, 284
19
r
r
number.
1,781
2.97
$ per bhl._
mil. bbl . 255.8
84
% of capacity. .
31.691
2.93
264.2
87
1,611
2.93
269. 0
87
1,721
2.93
249.7
83
1.737
2.93
263. 9
85
1,542
2.93
263.6
88
1,860
2.93
272 7
88
1,809
2.93
273.5
88
1,725
2.93
260. 2
87
1, 633
2.92
266.9
86
1,480
2.92
261.0
87
1, 768
2.92
269.3
87
1, 567
2.92
273.3
88
1 628
2.92
256 8
89
Oven (byproduct)
Petroleum coke§
Stocks, end of month:
Oven-coke plants, total
At furnace plants
At merchant plants
Petroleum coke
_
Exports
.do...
do
do
do
do
do
do
2, (>72
2,253
418 '
1 313
'>3 1
2, .V>7 '
2 141 :
JO*)
PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed
Price at wells (Okla. -Kansas)
Runs to stills
_
_
Refinery operating ratio
Distillate fuel oil
Residual fuel oil
Jet fuel
_
_
.
._.
Lubricants
Asphalt
Liquefied gases
Stocks, end of month, total
Crude petroleum
_
Natural-gas liquids
Refined products
._
.
Refined petroleum products:
Gasoline (incl. aviation):
Production
_
Exports
_
Stocks, end of month
_
317.4
327.6
334.6
325.3
329. 1
312.9
333.7
333.1
316.8
331. 8
322. 5
336.7
363. 1
223.0
31.1
229.4
33.4
234.3
34.4
228.3
32.0
234. 5
33.1
226.9
31.9
235.1
33.3
236.8
34.0
225. 2
32.8
233.6
34.1
226.3
34.3
232.8
35.6
238.1
36. 4
224 5
34 1 i
34.3
29.1
1.0
34.4
30.4
.1
36.1
29.8
11.5
32.6
32.5
24.5
34.5
27.1
18.1
31.9
22.3
19.7
38.2
27.0
19.3
36.7
25.5
12.3
34.9
23.9
11.0
31.4
32.7
11.7
34.2
27.6
2.9
30.3
38.0
-54.9
39. 6
49.0
-22.8
32 ">
35 2
—9 9
.do
316.4
327.5
323.1
300.8
311.0
293.2
314.4
320.8
305.8
320.1
319.6
391.6
385. 8
335 9
do
do
do
do
do
.1
5.0
311. 3
132.1
13.7
.1
6.2
321.2
4
136. 2
414.4
.1
5.5
317.5
128.3
14.2
.2
6. 6
294.1
138.2
10.1
2
6^2
304.7
143.3
10.2
.1
5.4
287.6
140.7
9.8
.2
5.9
308.3
150.0
10.9
.2
6.4
314.3
151.1
12.4
.1
7.0
298.7
134.0
13.3
2
6.0
313.8
142.0
12.5
.1
6.5
313.0
132.9
15.4
9
385. 1
134.7
21.9
.1
6. 7
379.0
130. 5
21.2
4
331
121
17
61.0
45.5
9.4
462.3
445.1
9.7
71.9
49.3
7.7
48.9
43.4
9.5
48.2
37.0
10.9
39.7
35.0
8.7
40.3
36.2
10.8
43.0
36.1
11.8
50.5
35.6
10.2
49.5
41.8
10.9
61.5
43.8
9.1
102. 2
60. 4
8.8
96. 1
66.4
9.7
81 5
53 4
84>
do
do
.do
3.6
9.5
21.3
3.6
9.8
419.5
3.4
4.4
18.2
3.8
5. 9
15.4
4.1
14.4
15. 1
3.8
13.8
14.8
3.7
16.5
17.0
4.0
16.2
17.2
3.4
14.6
16.1
4.3
14.2
17.6
3.3
6.9
20.9
2.9
4.1
29.5
4.0
3.3
34'
3 3
do
do
do
do
820.6
248.1
35.2
537.3
4 831. 1
246. 9
33.8
4 550. 4
771.0
241.0
23.9
506. 0
795.5
251.4
27.2
517.0
813.6
255. 7
31.6
526.4
833.4
250.0
35.4
547.9
852.7
250.0
38.8
563. 9
864.9
249.1
41.4
574.5
875.9
248. 3
43.1
584.6
887.6
245.5
43.8
598.3
890.5
244.4
42.1
604.0
835.6
237.4
33.7
564.5
do
do
do
131.9
.5
188.6
4135.7
.6
4 192. 8
132.7
.5
214.7
126.9
.6
204.8
133. 4
.2
195.7
136. 8
141.5
.5
184.7
144.0
.5
178.3
135. 7
138.2
.8
178.3
135.6
18L3
18L3
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..
T
1
192^6
as
!
I
g
0
8
7 1
:
;
:
>
'
29 9
!
812.8
241. 0
28.4
543. 3
802.9
940 i '
97 4
535. 4 i
!
144.1
.9
190.9
142.4
.6
203.2
133 0 '
.4
'
215.1 |
;
. 105
. 100
.196
. 199
.113
.109
.110
.1.15
.120
.125
.115
.108
.115
.110
.090
.105
.204
.201
. 198
.204
.192
.208
.208
.208
.200
.197
.201
.204
Revised.
p Preliminary.
Monthly average based on Apr. -Dec. data.
2 Data beginning Jan. 1963 not entirely compara ble with those for earlier I >eriods.
s Beginning Jan. 1963, data exclude condensate ^Tells form erly incl uded.
4 See note 1 for p. S-36.
!
!
326 0 i
All oils, supply, demand, and stocks:
New supply, total
mil. bbl..
Production:
Crude petroleum
„
do
Natural-gas liquids, benzol, etc
__.do
Imports:
Crude petroleum
_
do
Refined products
do
Change in stocks, all oils (decrease,—)
do
Demand, total.
_
Exports:
Crude petroleum.
Refined products..
Domestic demand, total 9
Gasoline
Kerosene
_
P 2 . 9 2 :i
!
100
:
199 '
91ncludes data not shown s 3parately
§ includes nonmarltetable aitalyst cc)ke.
X OTE F(3R ELI:CTRO:ST TUB I:s, p. s- 34— 0 B eginning Jan. 1964, excludes sales
of rect iving tu >es; 1963 sales of s uch tube s averaged $22,80 0,000 per month.
SURVEY OF CURRENT BUSINESS
S-36
1962
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1964
1963
1963
Monthly
average
May 1964
Mar.
Apr.
May
Aug.
July
June
Sept.
Oct.
Nov.
Feb.
Jan.
Dec.
Mar.
Apr.
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued
Aviation gasoline:
10.2
Production
__rnil. bbl
.4
Exports
do_ _
10.5
Stocks end of month
do
Kerosene:
13.1
Production
do_.
30.6
Stocks end of month
do
Price, wholesale, bulk lots (N.Y. Harbor)
$ per gal. . .104
Distillate fuel oil:
60.0
Production
_
.mil. bbl
1.0
Imports
do
.7
Exports
do
133.4
Stocks end of month
_
- - -do
Price, wholesale (N.Y. Harbor, No. 2 fuel)
.092
$ per gaLResidual fuel oil:
24.6
Production
mil. bbl..
22.0
Imports
- -do
1.1
Exports
do
46.6
Stocks end of month
_
do_ __
1.58
Price wholesale (Okla., No. 6)
$perbbl..
Jet fuel (military grade only):
8.6
Production
mil. bbl
8.7
Stocks, end of month.
do
Lubricants:
5.1
Production
-- ~.do
1.5
Exports
do. _.
12.8
Stock^ end of month
do. _
Price, 'wholesale, bright stock (midcontinent,
.261
f o b Tulsa)
$ per gal
Asphalt:
9.1
Production
mil. bbl .
16.3
Stocks end of month
__
do. __
Liquefied petroleum gases:
6.4
Production
do
14.9
Transfers from gasoline plants
do
Stocks (at plants, terminals, underground, and
33.6
at refineries) end of mo
mil bbl
Asphalt and tar 1products, shipments:}:
Asphalt roofm"
total
thous squares
Roll roofin 0 " and cap sheet
do
Shingles all types
do. __
Asphalt Aiding
Insulated siding
Saturated felts
do
_ do _.
.. thous. sh tons..
10.4
.4
10.7
10.7
.4
12 3
10 5
.3
12 2
11 2
1
12 0
10 9
5
11 6
11 0
11 2
9 5
3
'5
10 0
9 8
10 8
r 10 0
10 0
10 4
9 5
9 6
9 3
8 8
9 4
9 7
10 8
i 13.8
31.7
14.5
23.2
13.6
27.3
11 9
29 6
11 7
3? 3
19 9
35 2
19 5
36 9
12 2
36 0
14 9
39 1
14 8
39 1
16 2
34 1
17 3
30 9
14 7
28 5
1
3
5
5
6
4
2
.102
.106
. 106
.101
.101
.101
.101
.096
.096
.099
. 104
.104
.104
163.8
.8
1.2
1
135. 8
68.4
.6
1.1
83.9
57.3
.6
1.2
91.7
60.2
.6
1.2
103.2
60 1
7
1 0
193 4
62 4
63.3
63.2
63.9
62.9
65 8
62.8
11
10
145 9
1 1
165 2
67.5
16
1.2
.4
177 2
191 4
192 6
156 7
128 5
110 5
7
6
7
1.4
9
1.1
1.0
1.3
8
4
p .099
.092
.096
.096
.091
.091
.091
.091
.086
.086
.089
.094
.094
.094
i 23.1
22.9
1.3
148.6
1.57
25.4
24.0
1.1
42.9
1.65
21.5
24.8
1.3
44.7
1.55
21.0
19.1
1.3
46.6
1. 55
91 8
9
15 3
1 0
48 1
1 55
91 7
18 1
11
50 9
1.55
18
16.9
1 4
59 5
1.55
21 5
15 7
21 0
23 2
22 5
20. 7
25 0
31 6
25 8
39 7
22 7
29.2
52 6
1.55
54 4
1.55
52 2
1 55
47 5
1 55
45 4
1 80
43 3
1.65
8.3
9.4
8.4
9.8
8.2
9.3
8.6
9.6
9 0
10 2
91
10.2
8 9
8 5
8.6
8.9
7 8
7 8
7 Q
9.3
8 3
9.6
7 8
8.5
9.0
5.3
1.5
13.7
5.1
1.4
14,1
5.2
1.9
13.7
5.5
1.8
13.2
5 3
1 3
13 4
5 5
18
13 4
5 4
1 5
13 4
5 4
5 3
13 8
5 4
15
13 4
14 0
50
18
14 3
19
14 3
14 3
.270
.270
.270
. 270
70
270
.270
.270
270
.270
270
270
270
9.3
16.7
6.5
20.7
8.6
23.8
11. 1
20.9
12 1
19 8
I9 9
16 8
13.2
14.5
12 4
12.8
11 3
10.4
8 2
11.9
6 2
14 4
4 4
15 8
5 6
18.1
14.7
14.9
4.9
14.0
4. 8
11.1
5.0
11.1
10.6
12 7
4.9
4.4
4.2
4.2
12.8
12 1
13 5
16 5
50
23 3
5 0
29 1
17 1
130.2
18.7
22.5
27.2
31.9
35 5
38.5
41 2
41 8
39 4
30 3
24 3
22 9
5, 367
1,913
3, 454
5.372
2, 009
3, 363
3, 521
1, 453
2,068
5, 677
2,076
3,601
6, 525
2,311
4,214
6,309
2, 167
4,142
7, 684
2, 746
4, 938
6, 954
2 602
4, 352
6 419
2 450
3^969
7 114
2 764
4' 350
4 604
1 810
2^794
3 103
1 214
1,888
3 134
1 213
1 920
4 52]
1 610
2 911
4 705
1 777
2,928
67
77
82
66
70
82
45
49
67
57
76
89
62
84
93
58
81
89
78
93
109
78
100
95
81
93
83
102
102
98
85
56
74
52
37
60
43
31
67
60
36
88
48
42
78
9
4.9
5.0
r
1.7
1.6
1.0
1.8
1.4
1.3
8.5
1.6
P .089
1.0
p 1.50
4 8
1.4
p
270
4.7
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulp wood:
Receipts .. ._
thous. cords (128 cu. f t . ) _ .
Consumption
__ _ _ d o
Stocks, end of month
do
Waste paper:
Consumption _
thous sh tons
Stocks, end of month... __
do
WOODPULP
Production:
Total, all grades
Dissolving and special alpha
Sul fate
Sulfite
thous. sh. tons..
do_ __
do
do
3,668
3,673
5 225
3,816
3,847
5, 124
3,919
3,922
5 407
3,517
3, 812
5, 137
3,772
4, 006
4,897
3,574
3,860
4,652
3,656
3,555
4 819
4,370
4, 150
5 180
3,945
3,754
5 118
4 335
4,102
5 353
3 891
3 975
5 116
3 495
3' 626
4 976
4 030
4' 055
4 936
4 175
3 906
4 981
756
498
729
501
745
510
739
526
775
510
742
509
663
529
762
515
737
494
797
506
710
465
668
514
741
490
748
477
2,326
106
1 358
214
2,453
114
1 458
224
2,539
114
1 519
232
2,421
103
1 437
229
2,578
116
1 535
233
2,397
122
1 424
210
2,308
108
1 361
209
2, 576
121
1 549
299
2,390
106
1 416
211
2,631
124
1 555
2,283
97
1?357
229
2,605
138
1 528
231
2. 530
125
1 509
224
242
2,593
190
1 551
'230
Ground wood __
Defibrated or exploded
Soda, semichem., screenings, etc
Stocks, end of month:
Total, all mills
Pulp mills
Paper and board mills _
Nonpaper mills..
do
do. ..
do
283
104
261
289
117
2251
296
123
256
289
113
249
306
117
270
276
113
251
974
111
245
295
120
262
280
124
253
310
125
274
308
194
261
280
106
215
327
124
257
304
127
241
do
do
do
do
878
297
509
72
3
713
263
3372
78
721
271
376
74
729
282
369
77
710
274
358
78
721
279
364
79
721
256
380
85
721
252
378
90
706
243
381
82
707
246
731
264
394
73
717
235
408
75
739
266
396
r 78
745
266
399
80
Exnorts, all grades, total
Dissolving and special alpha
All other
-- ..
do
do
do
99
40
59
118
44
75
116
46
71
97
34
62
148
56
92
108
37
71
120
39
80
130
48
82
128
55
73
116
41
76
106
38
r gs
142
49
93
132
43
89
120
42
78
232
23
210
231
22
210
236
22
214
226
28
198
222
22
200
256
24
231
229
21
208
242
21
221
220
16
258
23
235
225
19
206
236
22
214
235
22
213
r 224
21
203
--
Imports, all grades, total
Dissolving and special alpha
A1! other
. __ ._
do
do
do _.
2
9Q4
384
77
265
PAPER AND PAPER PRODUCTS
Paper and board:
Production (Bu. of the Census):
« 3, 172 3,193 3,293
All grades, total, seas. adj.-. -thous. sh. tons..
3,419
3,137 r 3, 250 a 3, 317 3,245
All grades, total, unadjusted
do
1,504
1,382
1.455
1 436 1,467
Paper
do
Paper board
do
1,578
1,482
1,560
1,458
1,507
11
11
13
12
14
Wet-machine board
do
325
284
297
Construction paper and board
do
«279
••296
r
Revised.
f> Preliminary.
1 Beginning Jan. 1963, data for the indicated items exclude
certain oils which have beenreclassified as petrochemical feedstocks.
23 Effective Jan. 1963, "screenings, etc." included with "defibrated or exploded."
Effective Jan. 1963, excludes stocks of "own pulp" at paper and board mills.
3,306 3,227
3,319
3,325
3,158
3,300
3,287 r 3, 411
3,434
3,014
3,314
3,456
3, 273
2,973 * 3, 395
3,200
3,514
3,285
1,508
1 387
1 408 1,312
1,481
1 540
1 375 r 1 535
1 456
1,605
1,496
1,529
1,544
1,334 f 1 563
1,387
1,620
1 530
11
11
11
11
11
9
13
12
10
306
333
293
309
306
254
343
289
'286
JRevised monthly data for 1962 and for 1963 (also shown above) appear on p. 32 of the
Apr. 1964 SURVEY.
0
Revisions for Feb. 1963: All grades, seas, adj., 3,236; all grades, unadj., 3,097; construction
paper and board, 242.
SURVEY OF CURRENT BUSINESS
May 1964
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1964
1963
1963
Monthly
average
S-37
Mar.
Apr.
May
June
July
Aug.
Oct.
Sept.
Nov.
Dec.
Jan.
Feb.
Mar.
101.4
109.0
96.5
93.0
Apr.
PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS— Con.
Paper and board— con.
New orders (American Paper and Pulp Assoc.):
All °Tades paper and board
thous sh tons-Wholesale price indexes:
Printing paper
1957-59=100Book paper A grade
do
Paperboird
do
Building naper and board
do
Selected types of paper (APPA) : £
Fine paper:
Orders new
thous sh. tons__
Orders unfilled end of month
_do
3,131
3, 271
3,354
3,344
3,362
3,265
3,170
3,424
3,308
3,523
3,193
2,952
101.4
107.6
93.1
97.2
101.4
107.4
94.7
'96. 2
101.4
107.4
94.1
94.1
101.4
107.4
94.1
95.5
101.4
107.4
94.1
96.2
101.4
107.4
94.1
97.5
101.4
107.4
94.1
97.5
101.4
107.4
94.1
97.5
101.4
107.4
94.1
97.6
101.4
107.4
96.6
96.9
101.4
107.4
96.6
' 95. 1
101.4
107.4
96.5
'95.2
101.4
107.4
96.5
'95.2
101.4
107.4
96.5
95.0
166
88
174
99
182
104
174
98
177
94
170
92
164
103
179
102
171
103
192
108
173
100
157
90
'175
'78
174
87
do
-- -do _-
170
168
177
174
180
186
181
171
188
179
178
175
159
160
185
187
177
170
190
190
180
179
169
153
' 177
'173
171
175
do
do
412
370
455
395
480
409
476
422
459
402
454
424
432
396
457
395
472
410
484
394
443
378
426
386
473
363
444
364
do
_- -- do
409
409
446
446
449
449
454
454
466
466
445
445
412
412
471
471
439
439
478
478
457
456
437
437
456
456
442
442
do
do
346
154
355
164
367
165
337
153
376
148
334
151
323
153
369
167
366
182
383
185
364
180
332
155
368
159
360
167
350
343
353
350
368
365
354
346
373
371
328
327
311
311
372
363
340
356
373
366
377
370
341
343
367
366
362
354
558
557
249
553
552
268
513
458
342
550
554
338
599
634
304
539
565
278
551
575
255
586
576
265
551
580
235
630
638
227
613
611
229
535
578
186
564
533
217
549
491
275
566
540
301
179
180
39
185
184
37
193
187
43
184
193
34
204
201
37
181
177
40
173
183
31
191
178
44
164
172
36
194
193
37
190
189
38
180
184
34
198
189
43
174
186
32
190
193
29
465
465
435
490
516
483
421
443
490
529
524
5'^2
455
452
518
586
588
583
570
585
561
615
632
606
588
559
545
569
572
550
456
Imports
do
Price, rolls, contract, f.o.b. mill, freight allowed
ordelivered.
$persh. ton__ 134. 40
451
347
470
494
448
497
455
455
522
463
536
444
409
473
134. 40
134. 40
134. 40
134. 40
134. 40
134.40
134. 40
134.40
134. 40
134. 40
134. 40
134. 40
'316
494
'3^5
'75
'363
537
'349
88
'387
538
'386
91
' 9, 870 10, 833
124.4
Production
Shipments
Printing paper:
Orders new
-Orders unfilled end of month
Production
Shipments
Coarse paper:
Orders new
_- Orders unfilled end of month
Production
do
Shipments
-.
. . do .Newsprint:
Canada:
Production
_ __
do
Shipments from mills
do
Stocks at mills end of month _ _
_do
United States:
Production
do
Shipments from mills
__ _ _ do_ __
Stocks at mills end of month
do
Consumption bv publisherscf
do
Stocks at and in transit to publishers, end of
month cf
thous sh tons
Paperboard (National Paperboard Assoc.): §
'371
'354
'359
'367
'326
'385
'363
'385
'357
Orders, new (weekly avg.)__
thous. sh. tons.. ' i 340 i '357
4S3
485
471
472
'518
'572
574
'622
Orders, unfilled, end of month .
__
do .. '461
611
545
1 '343 1 ' 358
' 367
'356
'366
'370
'381
'373
'319
'355
'387
Production, total (weekly a vg.)_ _.
do
' 85
'87
'87
>-91
'88
'89
'78
'91
'92
'86
'90
Percent of activity (based on 6.5-day week)
Paper products:
Shipping containers, corrugated and solid fiber,
shipments©
roil
sq ft surf area '•10.182 ' 10, 711 ' 10, 719 '10,465 '11,277 '10,508 '10,135 '11,903 ' 10, 848 '12,482 '10.649
Folding paper boxes, shipments, index of physical
126.1
131.2
126.0
123.7
123. 9
120.3
135.5
129.6
141.7
119.8
volume
- 1947-49= 100. _ 124.1
134. 40 p 134. 40
'381
532
'384
92
386
10 460
11 039
11 520
114.0
P121.2
' 35. 55 ' 36. 31 ' 42. 59 ' 35. 29 ' 35. 75 39.59
61.32 ' 60 58 62 44
73 00
68.88
64.30
27. 09
31.68
26.24
30.58
28 61
38 78
.253
.258
.255
.230
.235
.240
36.66
64 34
26 30
.236
39. 80
64 97
thous. Ig. tons _ 131.20 '134.04 140. 66 139. 33 140. 06 132.99 130. 78 127.30 124. 59 ' 129. 86 134.81 '141.05
143. 59
104. 66 '108.90 '112.56 '114.17 '114.08 '103.54 ' 92. 34 '100.42 '105.70 '127.89 '109.26 r 107. 54 120. 74
do
257. 15 '281.05 '273.30 '272.14 '271.30 '281.72 '296.76 '296.21 292. 20 275. 28 275. 28 '283 01 279 51
do
25 31
28 36
27 27
24 00
do
23 60
27 38 26 92
20 04
24 00
21 33
22 90
22 51
24 86
140. 18
111.12
283 20
28 80
146. 27
116.69
285 88
25 11
22.99
31.47
21 75
20.75
30 51
24 03
22. 59
30 37
130.8
387
519
90
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
__ __
38.56 ' 38. 10 '41.27 '41.30 ' 39. 81 ' 36. 28 ' 32. 92
68. 47 ' 72. 70 82.92
79.24
79.39
77.76
75.19
35.13 ' 31. 63 ' 33. 86 ' 36. 20 ' 34. 54 25.57
25.72
.270
*. 263
.271
P . 285
.270
.270
.265
do
do
do
23.38
21.95
29.77
thous
do
__do
do
do
do
do
.256
'23 45
'21.97
'30. 30
' 26. 90 ' 25. 70 '25 03
'23.58 '24.09 ' 23 .57
29.82
29.67
29.68
'22 79
'21.43
29.65
11 156
11 594
12 541
12 558
12 134
11 195
10 18?
9 368
10 540
13 469
11 502
11 496
12 681
11 835
12 563
11,055
3, 495
7,430
11,551
3,919
7,503
11, 136
4,060
6,942
12 503
4,261
8,110
129
13 843
4,244
9,457
134
142
132
11 943
4,075
7,737
12 681
3, 507
9,044
9 558
1, 606
7,819
11 232
3,562
7,552
14 021
5,163
8,700
158
10 491
4,470
5,888
12 640
4.337
8,194
117
10 746
4,366
6,263
134
110
10 406
4,067
6,209
11 996
4,402
7,478
27. 086
29, 978
33, 193
32, 137
31,919
31, 226
28. 830
78
97
28, 652
27, 889
78
28,272
81
27, 469
29, 407
29, 544
31, 090
31, 658
3 183
2,933
10 437
3 021
3 650
9 818
9 792
3 032
9 576
2 860
3 115
9 180
3 673
3 613
3 837
3 381
9 020
'21 12 '20 11
' 17. 92 '19.27
32.12
31.22
'22 42
'21.65
'31.35
'26 00
'25.06
30. 88
r
'21 25 '22 17
'20. 65 '20.15
' 29. 78 '31 19
.259
TIRES AND TUBES
Pneumatic casings:
Production
Shipments, total
Original equipment
Replacement equipment-.
Export
__ __
__
Stocks, end of month
Exports (Bu. of Census)
[nner tubes:
Production
Shipments
Stocks, end of month
Exports (Bu. of Census)
_
do _
do
do
do
130
89
3, 403
3,442
8,913
81
82
100
3,305
3,398
9,462
3,657
3,475
9,297
76
110
102
83
3 529
3, 500
9 440
3 694
3, 168
10 111
85
84
r Revised.
p Preliminary.
1 Weekly average for year.
t Monthly averages for 1962 for new orders, production, and shipments reflect revisions
;o adjusted annual totals; revisions by months not available.
cfAs reported by publishers accounting for about 74.5 percent of total newsprint consumption in 1962 and 74 percent in 1963 and 1964.
131
62
131
90
132
61
82
86
3 408
3 506
9 155
85
117
82
2 827
2 958
9 088
77
73
77
3 138
2 799
9 529
3 914
5 415
8 201
75
55
130
85
M 24
72
116
§ Revised to reflect weekly averages for new orders and production, and percent activity
on basis of 6.5 days per week; comparable data prior to 1962 will be shown later.
ORe visions
by months for 1962-Feb. 1963 will be shown later.
SUEVEY OF CURRENT BUSINESS
S-38
1962
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
Monthly
average
May
1963
Mar.
Apr.
May
June
July
1964
Aug.
vSept.
Oct.
Nov.
Dec.
Jan.
I Feb.
Mar.
Apr.
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Production finished cement
Percent of capacity
Shipments, finished cement
Stocks, end of month:
Finished
Clinker
thous. bbl_. 28, 027
75
thous. bbl_. 27, 893
29, 441
74
29, 354
21, 525
54
21, 490
29, 314
75
30, 249
34, 497
86
35, 208
34, 992
89
35, 431
36 802
91
39, 145
37 452
93
40, 257
34, 682
88
36. 547
36, 624
90
41,352
30 377
77
26.317
23 993
59
16, 958
18 931
46
17, 425
19 729
51
17,597
24 697
61
22, 722
36, 720
24, 160
38, 032
23, 072
42, 333
31, 802
41,416
31,908
40, 704
30, 142
40, 322
27, 332
38, 057
23, 884
35, 209
19, 774
33, 236
17, 400
28, 485
13. 631
32, 491
13. 820
39, 556
16, 793
41, 047
21 741
43, 180
25, 610
45, 156
29 242
- 718. 6 - 748. 3
-36.6
-38.7
- 167. 8 - 176. 6
-691.8
-36.3
-171.5
- 747. 4 - 745. 3
-39.7
-35.6
- 176. 1 - 186. 9
- 684. 3
-30.9
-171.1
- 776. 7 - 620. 4 - 431. 1
-34.1
-26.2
-23.4
- 186. 4 - 135. 1 -94.8
- 424. 1
- 27.1
- 93.4
446.5
25.1
101.3
21.9
do
do
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil. standard brick. .
Structural tile, except facing
__thous. sh. tons..
Sewer pipe and fittings, vitrified
..do
Facing tile (hollow), glazed and unglazed
mil. brick equivalent..
Floor and wall tile and accessories , glared and unglazed
mil. SQ. f t _ _
Price index, brick (common) , f.o.b. plant or N.Y.
dock
. ..-1957-59=100..
576. 1
35.2
142. 8
- 617. 1 - 523. 7
-31.8
'32.0
- 145. 6 - 112.7
'33.6
-29.7
-24.8
-31.7
- 35. 5
- 32. 7
-32.4
-33.1
-29.7
-35.7
- 29. 2
-25.8
- 22. 8
21.1
r 22. 2
r
21.2
-22.5
- 23. 7
-23.5
-23.3
' 24. 5
-22.8
- 25. 3
-21.5
- 19.1
- 21 0
20 6
104. 9
106. 1
105.8
106.4
106.4
106.4
106.4
106.4
105.8
105. 8
105.9
106.1
106. 1
- 107. 1
71,497
31,612
39, 885
78, 274
35, 370
42, 904
67, 441
28, 423
39, 018
14, 424
14, 704
15,877
13 714
13, 397
15,377
107.1
GLASS AND GLASS PRODUCTS
Flat glass, mfrs/ shipments (qtrly. total and qtrly.
average)
thous $
Sheet (window) glass shipments
do
Plate and other flat glass shipments
do
Glass containers:
Production
75, 501
32, 976
42, 525
80, 857
38, 766
42, 091
89 298
41,314
47 984
thous. gross - 14, 655 -15,166 -15,824 -15.179 -15,962 -16,214 -16,202 -17.095 -14,803 -15,677 -14,271 -12,712
14,319
Shipments, domestic total
do
General-use food:
1,582
Narrow-neck food
- do
Wide-mouth food (incl. packers' tumblers,
jellv glasses, and fruit jars)
thous. gross. . 4,110
Beverage
Beer bottles
do
_ do
1,187
2,183
1,269
Medicinal and toilet
Chemical, household and industrial
Dairy products
_ _
_
do
do
__do
3, 066
786
134
do
22, 921
Stocks, end of month
T
14, 730 -14,908 -14,546 -15,822 -15,866 -15,601 -17.741 - 14, 805 -15,497 - 13. 283 - 13, 382
r 1, 602
-1,402
1,419
4,100
- 3, 934
- 3, 737
1,350
2,453
1, 295
-1,414
2,502
-1,331
'3,061
-742
127
3,390
-828
107
-1,863
- 2, 290
- 2. 765
- 1, 838
1,186
- 1, 204
1 331
1, 294
1,508
- 4, 031 - 4, 048
- 5. 275
- 4, 124
4,633
3, 847
3,848
4,181
4,034
4,134
1,903
1,540
2, 977
2,758
- 1,291 - 1,351
2,141
3,215
- 1,319
1, 969
3,264
- 1,060
1.430
2,983
-1,338
921
858
1,971
2,157
1 337 - 1 643
959
2, 101
- 1 323
1,382
2,286
- 1 2?6
845
2 054
1 286
987
2 137
1 293
1,422
2.683
1 413
3, 213
-815
116
- 2, 867
-789
108
2. 588
-686
123
3,431
-812
182
-3.401
- 765
139
3, 095
648
124
2,704
584
148
3 263
639
115
2 956
602
94
3 364
751
102
25, 533 -25,414 -25,987 -26,122 - 26, 086 - 26, 401 -26.006 -25.151 -25.564 -26.315 - 25, 540
26 067
25, 893
26, 136
r
2,889
-806
106
1,458
- 3, 989
-1,396
- 2, 933
-679
138
GYPSUM AND PRODUCTS
Crude gypsum, qtrly. avg. or total:
Imports
thous sh tons
Production.
do
1,355
2. 492
1,372
2,542
1,016
2,140
1,532
2.702
- 1 566
2, 902
1 375
2,425
Calcined production qtrly avg or total
2,205
2,296
2,035
2,403
2,518
2 226
1,012
67
1,027
70
685
68
1,211
72
1, 263
70
947
69
256
257
259
250
237
201
283
260
*>84
289
232
240
396.2
387. 3
345. 8
1, 657. 9 1, 777. 4 1, 552. 4
58.9
62.0
49.4
401 3
1,832.2
68.8
437 0
1,994 8
69.0
365 0
1 730 1
60 9
do
Gypsum products sold or used, qtrly. avg. or total:
T^ncalcined uses
thous sh tons
Industrial uses
do
Building uses:
Plasters:
Ba^e-coat
do
\li other (incl Keene's cement)
do
Lath
"Wallbo&rd
All other§
mil sq ft
do
do
TEXTILE PRODUCTS
WOVEN FABRICS
Woven fabrics (gray goods), weaving mills: ©
Cloth woven, total
mil linear yd
Cotton
__
-.do
Stocks, end of year or mo toUvlcf
do
Cotton cf
do
Orders (unfilled), end of year or mo., total ^.do
Cotton t
d°
975.5
760.2
1, 488. 0
1, 192. 5
2,472.3
1,848.9
981.9
756.9
1, 509. 3
1, 176. 7
2, 491. 5
1, 800. 8
2
r2
940.4
723. 3
1, 496. 1
1,179.0
2, 344. 5
1, 708. 8
il,131.4
i 881. 4
U,473.8
11,152.1
12,247.2
11,629.1
929.4
713.9
1, 490. 1
1,153.4
2,271.3
1, 637. 5
929.4
710.0
1.518.0
1,165.0
2.311.0
1, 672. 1
i 923. 2
i 710. 7
11,491.5
11,133.6
12,436.3
11,760.3
934.4
720.9
1,506.1
1,158.5
2. 506. 4
1,798.8
939.8
719.1
1, 505. 0
1,164.0
2. 546. 1
1, 848. 8
11,179.7
1915.3
1
1,475.7
U,149.9
12,827.9
12,023.4
245
1 398
4,774
10, 065
957.0
736. 3
1,494.5
1, 168. 0
2. 968. 9
2, 127. 1
887.1
684.2 i 893. 8
741. 3
1, 564. 0
1. 235. 6 H, 157.1 1,131.4
2, 892. 8
2, 084. 8 if 88^5 1~797~4
COTTON
Cotton (exclusive of linters):
Production:
GinningsA
thous running bales
Crop estimate , equivalent 500-lb. bales
thous. bales..
Consumption O - do_ ..
Stocks in the United States, end of mo., total O
thous. bales. _
Domestic cotton, total O . do..
On farms and in transit
do
Public storage and compresses O
do
Consuming establishments
_ do
Foreign cotton total O
do
14 864
15, 283
214,867 -215, 327
726
700
694
662
i 685
667
663
i 829
678
- 14, 696 -17,741 - 14, 843 - 13, 757 - 12, 775 -11.893
- 14, 593 -17,613 - 14,722 -13.644 - 12, 669 -11,794
-251
-283
-450
-508
-3,371 -3,492
9,564 12, 762 12, 551 11,543 10, 894 10,183
1,524
1,663
1.651
1,328
1,658
1,359
106
121
113
103
99
128
11.216
11,123
280
9,647
1,196
93
24, 531
24, 395
13, 532
9,807
1,056
136
24, 046
23, 899
11,230
11,688
981
147
23, 360
23, 207
6,948
15, 209
1,050
153
22, 296
22, 146
4,391
16, 510
1, 245
149
666
1809
r
Revised.
i Data cover
5 weeks; other months, 4 weeks.
2 Total crop for year.
4
-Ginnings to Dee. 13.
Ginnings to Jan. 16,
§ Comprises sheathing, formboard, and laminated board.
0 Effective Jan. 1964, the manmade fabrics classifications were revised and the survey
sxpanded to include drapery fabrics; silk and chiefly silk mixtures were omitted from the
canvass. Because of apparent reporting problems in the synthetics, data for total fabrics are
being withheld; Jan. and Feb. 1964 figures for wool apparel fabrics (mil. yd.): Woven—26.0;
http://fraser.stlouisfed.org/
22.8: stocks—27.5; 29.3.
c
Federal Reserve Bank of St. Louis
12, 834 3 14, 070 *15, 124
i 814
683
673
21, 170 -19.512
21,019 -19,373
2, 354 - 1, 218
17, 260 16, 557
1,405
1,598
151
139
18. 407
18, 277
1,066
15, 539
1,672
130
16,957
16, 839
459
14, 664
1,716
118
605
cfStocks are those owned by weaving mills and those billed and held for others, excep
that stocks exclude denims stocks billed and held for others, and all bedsheeting stocks.
^Excludes orders for wool apparel fabrics and bedsheeting.
ATotal ginnings to end c
month indicated, except as noted.
O Revisions for Aug.-Dec. 1962 are available; for stocks
monthly averages also reflect cotton released by GSA from the cotton stockpile (beginnin
July 1962). For stocks, Jan. and Feb. 1963 revisions follow (thous. bales): Total, 17,07:
15,923; domestic, 16,940; 15,795; on farms, etc., 981; 691.
SUKVEY OF CUKRENT BUSINESS
May 1W4
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
S-39
1964
1963
1963
Monthly
average
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
TEXTILE PRODUCTS—Continued
COTTON— Continued
Lxports
ous. a s_.
Prices (farm), American upland
cents per lb__
Price^ middling 1", avg , 15 markets
do_ _.
Consumption©
Production
Stocks end of moO
thous. bales.do
do
321
363
11
131.7 p 22 31. 9
i 33. 5 v 33. 1
12
109
141
635
111
135
674
COTTON MANUFACTURES
Spindle activity (cotton system spindles):
18,797 18, 627
Active spindles, last working day, total thous.
Consuming 100 percent cotton
. do_ _ 16,754 15, 826
9,911 9,863
Spindle hours operated all fibers total
mil
458
456
Average per working day
do
8,801 8,359
Consuming 100 percent cotton
do
Cotton yarn, natural stock, on cones or tubes:
Prices, f.o.b. mill:
.660
.644
20/2 carded weaving
$ per Ib
.938
.912
36/2 combed knitting
do
Cotton cloth:
Cotton broadwoven goods over 12" in width:
2,312
2 195
Orders, unfilled, end of mo., as compared with
10.8
10.6
avg weekly production
No weeks' prod
Inventories, end of mo., as compared with avg.
5.4
5.5
weeklv production
No weeks' prod
Ratio of stocks to unfilled orders (at cotton
.51
.52
mills) end of mo se ason all v adjusted
Exports
thous. sq. yd.. 34, 691 '30,942
38, 671 * 38, 223
Imports
do
25.24
25.20
Mill margins
cents per Ib
Prices, wholesale:
39.6
38.1
Denim mill
finished
cents per yd
15.4
15.9
Print cloth, 39 inch, 68 x 72
do
17.0
17.0
Sheeting, class B, 40-inch, 48 x 44-48
do
440
5
32.5
34.0
299
2
33.1
34.1
310
2
32.6
34.1
5
32.5
33.9
183
3
31.8
33.4
274
79
32.0
33.2
4
32.7
33.1
108
150
834
3130
113
791
112
79
717
115
48
620
3 99
38
555
114
66
485
106
155
502
18,630 18, 586
15, 995 3 15, 890
9, 394 11,482
470
459
8,043 3 9, 771
18, 509
15, 737
9,277
464
7,856
18, 609
15,767
9,280
464
7,833
18. 638
15,692
3 9, 819
393
3 8, 162
18, 681
15, 757
9,344
467
7,870
.643
.910
.640
.911
. 640
.911
.640
.911
. 643
.909
.643
.910
2, 247
944
361
384
24
32.9
33.1
501
5
32.5
33.1
628
1
31.3
33.2
30.1
33.2
570
3
29.4
33.3
30.7
33.4
3 131
214
571
100
210
657
99
178
709
3129
194
770
111
174
793
108
155
806
18, 696 18, 742
15, 758 15, 753
9, 345 311,788
472
467
7,903 3 9, 903
18, 660
15, 653
9. 538
477
8,000
18, 625 18. 591
15, 656 15, 596
8, 563 311,579
428
463
7. 220 39,742
18, 543
15,521
9,494
475
7,978
18, 492
15, 440
9,294
465
7,798
.645
.911
.650
.920
. 655
.923
. 655
.923
p . 655
p .919
.645
.911
2,072
2,242
. 655
. 923
587
2 °17
9.7
9.4
9.3
9.6
12. 6
10.1
10.5
11.5
12.3
12.8
11.0
10.1
9.7
5.4
5.4
5.4
5.4
6.4
5.3
5.3
5.1
5.0
5.5
5.1
4.9
4.9
.48
.49
27, 543 27, 543
35, 263 "31. 448
25. 27
25. 80
.41
.39
31,681
22, 672
.51
29. 744
.52
36, 764
33, 606
26.23
37.7
16.3
16.9
.60
.58
.60
34, 358 33, 817 '32.141
56, 323 '52,615 r 35, 903
23.84
24.54
24.18
38.3
15.6
17.0
38.3
15.6
17.0
38.3
15.7
17.0
.56
.52
26, 918 '33, 827
32, 832 39, 150
24.25
24.71
38.3
15.7
17.0
38.3
15.7
17.0
38.2
15.9
16.9
31.7
33.4
37.7
16.0
16.9
.42
.47
33, 704
42, 685
26. 73
33, 389
35, 266
26. 92
26.87
26. 85
26. 87
37.7
17.0
17.1
37.7
17.0
17.8
37. 7
17.0
17.8
37.7
17.0
17.5
p 37. 7
v 17.0
P 17.7
4 65 7
4 56 6
4 59 o
4 50 4
4 64 7
4 55 o
26. 37
MANMADE FIBERS AND MANUFACTURES
F'li 1 »'o i t Iirn
f )~
9f
t V n( on nndG & G>pftate;
<V
QO
Noncellulo^lc (nylon acrylic protein etc ) do
Textile glas^
fiber
do
Exports:
Yarns and monofilaments
thous Ib
Staple, tow, and tops _ _ .
do
Imports:
Yarns and monofilaments
do
Staple, tow, and tops
do
Stocks, producers', end of mo.:
Filament varn (rayon and acetate)
mil. Ib
Staple, incl. tow (rayon)
do
Noncellulosic
fiber
do
Textile glass
fiber
do
Prices, rayon (viscose):
Yarn, filament. 150 denierA$ per Ib
Staple, 1.5 denier A
,
do
Manmade fiber broadwoven fabrics:
Production, qtrly. avg. or total? % mil lin yd
Ravon
and acetate (excl. tire fabric)
do
\ r vlon and chiefly nylon mixtures
do
Polyester and chiefly polyester blends
do
Exports, piece goods.
_
thous. sq yd
SILK
Imports, raw
_ _
thous Ib
Price, raw, A A A, 20-22 denier © .
$ per Ib
Production, fabric, qtrly. avg. or total J
thous lin yd
WOOL
Wool consumption, mill (clean basis) :J
Apparel class
thous. lb__
Carpet class.-. _ . . _ _ _
do
Wool imports, clean yield §
do
Duty-free (carpet class)§*
do
\\ ool 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
596 7
181 5
125 0
242.6
47.6
9,177
4,281
8
4
8
1
5
613. 4
1 69. 6
139. 3
259. 4
45.1
8, 196
4, 187
8,421
3, 046
657
177
144
287
48
r
r
809
r 680
5,463 * 10, 463
53.2
48.4
578.2
527.0
.82
.26
5
56.8
35. 5
106 5
528 7
.82
. 27
8,300
4,056
9,874 n 0.858
4, 346 r 3, 170
706
189
152
311
52
0
3
6
9
2
7,980
4, 715
8.197
4,679
8,330
4,003
8,008
5,556
8,662
6,080
9,160
4,309
7, 442
2, 499
6, 691
5, 544
733
700
8,232 ' 10, 938
645
7, 616
512
10, 294
723
12, 262
'813
10, 063
837
10, 155
884
13, 089
487
12,913
510
15, 462
529
15 367
437
12, 357
60.2
36.8
99.9
28. 5
59.1
36. 2
57.2
31.9
56. 5
29.4
92.2
28.0
58.5
32.1
58.5
32.1
57.3
33. 9
109. 7
27.9
53.1
38.5
50.4
35.7
47.0
37.9
124 2
30 3
44.7
40 3
43.6
41 9
41 0
48 3
.82
.26
.82
.26
.82
.27
.82
.27
.82
28
.82
.28
.82
. 28
.82
.28
.82
.28
.82
. 28
78
28
. 78
28
P 78
p 28
10, 492
13, 689
725. 0
415.3
71.8
177. 6
13, 439
13, 684
13, 283
14. 693
14 061
13 788
427
6.80
591
6.93
536
6.48
767
6.16
806
6.42
792
6. 25
565
5 97
940
P 5 68
p 5 65
16, 841 ^22, 738
10 696 ^13 642
25, 896 21, 593
14, 755 11, 751
18, 969
10 693
21,625
11,541
17. 770
9 406
17, 769
8,877
682.8
397.0
75 9
147 8
11, 633
754 9
428 5
73 7
188 ^
12, 972
738.9
413.8
76.2
187 0
14, 954
13,024
13, 334
757.5
430. 4
72 1
187 8
13, 676
539
6.03
532
341
7.86
301
7.87
487
7.48
492
7.70
5 951
4 497
4,895
23, 354 20. 932
12, 404 13, 438
23, 088 r23, 808
11,802 '14, 000
670. 0
176 6
146.0
298.8
48.6
641.6
174.2
141.2
278.2
48.0
4.205
4 349
22, 193 33 25, 218
14,330 16 163
32, 210 24, 983
r
12, 874
17, 024
21, 198
13, 81 B
24, 747
15, 538
r
795
454
74
9QO
21,510 321,125
11, 127 3 12, 169
20, 065 29, 637
11,160 22. 047
20. 107
13, 511
22, 217
15, 973
18, 126
13. 610
16, 039
10. 395
r
5
7
9
3
4 540
3
3
15, 961
20. 576
14, 725
16, 166
12, 040
13, 728
6,857
20,806
1.247
1.090
1.155
1.326
1. 175
1.285
1.325
1.160
1.275
1.325
1.151
1.275
1.275
1.125
1.275
1.300
1.140
1.275
1. 325
1.175
1.275
1.325
1.175
1. 275
1. 325
1. 191
1. 275
1. 325
1. 205
1.275
1.325
1. 226
1.275
100 6
105 4
105 4
105 4
104 6
105 4
104 6
104 6
104 6
104 6
107 1
1.425
1. 255
1.455
1.425
1.255
1. 455
1.450
1.255
1.455
1.450
1 . 255
1.455
107. 9
107. 9
107.9
107.9
95.8
95.8
95.8
1.415
1.255
1.439
WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, Bradford
system wholesale price
1957 59 — 100
Woolen and worsted woven goods, exc. felts:
Production, qtrly avg or total t
thous lin yd
\pparel
fabrics total
do
Wromen's and children's
do
Suiting, price (wholesale), flannel, men's and
bnvs f n h mill
r
1Q*7 W — inn
77 465
75 310
45 423
71, 638
68 872
43 380
76 988
73 640
41 654
94 9
95 8
95 8
Federal Reserve Bank of St. Louis
67 583
65 544
45 451
78 166
75 246
46 837
Q5 8
95 8
2
Revised.
f Preliminary.
1 Season average.
Season average to Feb. 51. 1964.
4
Data cover 5 weeks; other months, 4 weeks.
Data are for month shown,
Qrtly.
iveragc.
9 Includes data not shown separately.
O Revisions for Aug.-Dec. 1962 are available.
©Beginning
Feb. 1963, price in skeins, AAA grade; comparable Jan. 1963 price, $7.67 per
>ound.
\ Revisions for 1st half of 1962 are available upon request.
http://fraser.stlouisfed.org/
§ Beginning Jan. 1963, includes small quantities of carbonized wool imix>rts in actual weight.
95 8
63, 813
61, 057
39, 577
QK 8
Q5 8
95 8
95.8
95.8
95.8
AEffective Jan. 1964, data not strictly comparable with earlier prices.
*New series. Data cover wools, not finer than 46s, and camel hair, duty-free, for use in
the manufacture of rugs, carpets and certain specified items. Prior to the Feb. 1964 SURVEY,
imports of apparel class wool were shown; however, the calculated difference between total
wool imports and the former apparel class is not comparable with the present carpet class
since the former apparel class included duty-free wools, finer than 40s. Monthly data for
1959-62 are available upon request.
SUEVEY OF CUREENT BUSINESS
S-40
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1963
May 1964
1963
Monthly
average
Mar.
May
Apr.
June
July
1964
Sept.
Aug.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
16, 350
15, 411
15 423
Apr.
TEXTILE PRODUCTS—Continued
APPAREL
Hosiery shipments
thous doz. pairs. _ 14, 343 '15. 007
Men's apparel, cuttings: t
Tailored garments:
1,799
Suits
..-thous. units_. 1, 685
r3
15,44S -13, 785
401
329
1,965
268
2,026
943
1,054
9.120
2,071
1,181
9,229
2,235
1,262
2,061
281
303
366
313
Women's, misses', juniors' outerwear, cuttings: t
Coats
thous. units. . 2,002
Dresses
do — 20, 880
806
Suits
do
2,046
21,914
1,370
656
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
Plouses waists and shirts
Skirts '
thous. doz__
do
9,527
388
r
14, 825 '14, 722 '14, 361 '17, 159
1,896
501
1,131
314
1,838
489
1,589
343
2,011
316
1,787
231
1,677
158
1,934
189
1,771
209
10,486
2,208
8,876
10,214
8.843
1,218
9,595
1,929
1,548
2,201
1,918
9,480
2,276
1,022
8 383
2,100
667
7 384
1.853
1,169
9 560
2,138
1 030
9 587
2, 101
342
327
342
338
363
351
325
340
372
283
425
335
410
311
475
341
373
307
325
219
402
336
424
325
2,155
27, 320
1,041
30,486
25,036
1,191
595
813
21, 061
813
2,440
682
2,161
20, 721
734
2,488
19,340
828
18, 874
636
2, 529
22, 353
858
2,001
18, 933
796
1.727
2.267
15, 915 r 21,920
770
1,300
24. 926
1,454
1,363
825
1,538
776
1,617
896
1,359
945
1,180
874
1,263
935
1,371
1,005
1,263
804
1,640
978
1,351
690
992
730
1,024
'14,331 '13, 399
9,659
2,237
826
1,179
1,666
473
as, 194 '17, 584
2,739
882
1,041
607
2,499
1,428
741
1, 511
801
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
3,740
2.996
3,329
4,400
3,472
3,971
4,373
3, 993
3, 139
4 084
i 12,630
Backlo <r of orders end of year or qtr 9
do
1
10,066
TT p Government
do.
1
4, 988
Aircraft (complete) and parts
do
1
1, 540
Engines (aircraft) and parts
do
Missiles, space vehicle systems, engines, pro13,714
pulsion units and parts
mil $
Other related operations (conversions, modifica1 1, 363
tions) products services
mil $
81.8
1,682
27.3
Orders new (net) qtrly avg or total
_ mil. $__
IT S Government
do
Prime contract
_do _ _
Sales (net), receipts or billings, qtrly. avg. or total
mil $
U S Government
do
Aircraft (civilian)' Shipments ©
do
Airframe weight ©.thous. l b _ _
Exports
mil $
4.014
3. 124
3, 569
5,241
4, 003
4, 680
3,656
3 915
3, 117
3,992
3,144
4, 171
3,419
4 257
3 398
13 894
10, 939
5 311
1,511
13, 440
13, 472
10, 995
11,579
14, 495
1,406
5, 345
1,484
13 894
10, 939
5 311
1 511
4,620
4, 409
4,250
5,124
4 620
1, 300
1,331
1,309
1.365
57.2
1. 340
20.3
60.2
1,553
33.7
49.0
1. 226
33.2
51.4
1.256
'21.8
57.4
1, 250
7.0
47.1
1, 023
9.3
782. 5
818. 0
840.2
804.1
778.1
687. 5
790.0
3,270
4,688
4, 004
10,992
5,438
5, 239
1,419
2 758
3, 263
1.300
48.7
1,097
18. 5
58.4
1,199
13.2
63.3
1,380
11.6
52.8
1, 306
20.9
88 1
2, 045
15 4
84 6
1,815
41 8
66 5
1.567
17 9
251.4
598. 8
566.1
481.8
945.7
906.2
804.0
873.3
836.8
748.5
726.2
881.8
846. 4
754. 0
733 0
127. 8
113.5
859 6
831.5
726 2
709 0
133 5
122.5
814 1
860 5
2
939 0
681
665
133
119
718 0
700 9
142 5
128.4
2
786 8
2
142 2
MOTOR VEHICLES
Factory sales, total
Domestic
_
_
Passenger cars, total
Domestic
Trucks and buses, total
Domestic ^
Exports, total _ _ _ _ _ _
Passenger cars (new and used)
Trucks and buses _
thous _
_do_ _ _
do
do
do
do
681.1
654.6
577.8
562.8
758 4
753.4
789.3
654. 1
637.1
128.5
116.3
689. 2
671.8
128.8
117.4
812.4
711.8
695. 1
128.3
117.2
_ _ _ number. . 20, 100 ' 22, 928 22, 729
11,246 ' 12, 851 12, 652
do
_
do_ ... 8, 855 ' 10 076 10, 077
21, 189
22, 437
12, 056
103.3
91.9
730.0
636 5
620 3
121 9
109. 7
Imports (cars, trucks, buses), total cf
do. _. 33, 080 ' 36 534'43, 326
32, 063 ' 35, 308'41, 169
Passenger cars (new and used)cf
do
Shipments, truck trailers: A
6,081 '6 465 '3 6, 795
Complete trailers and chassis
do
3,733 ' 3 885'3 4, 065
Vans
do
Trailers and chassis (detachable), sold separately
537
624
number _
445
Registrations:©
578.2 629 7 624.2
New pacsenger cars
thous
28.3
32.5
32.1
Foreign cars
do
89.1
99.2
New commercial cars (trucks)
_ _ do_ _
103 7
672.9
116.6
105.2
763. 7
660. 9
649 4
129. 1
114.2
240.3
167.8
165.1
83.6
75.2
117.0
103.1
779 2
141.7
127.0
124.7
110.6
1
4
1
4
10,381
14.151 ' 6, 837 3, 519
9,722
9,516 10, 750
17, 142 ' 27, 970 42, 056
8,294 14, 998 29, 066
8,848 ' 12, 972 12, 990
34, 607
24, 799
9,808
33, 829
20, 274
13, 555
27 606
13, 995
13 611
' 42, 971 r 37, 646
' 41, 594' 36,199
31,049 '39,834 '21,978
29, 814 '38,693 21, 240
32,350
31,019
40, 952
40, 037
45, 588
44, 330
38 426
38, 243
11,623
9,566
23, 667 ' 17, 587 13, 241
463.0
784.8
' 6, 601 ' 7, 087 ' 6, 407 '6,153
' 3, 659 ' 3, 832 ' 3 792 '3,514
38, 835
36, 834
39, 086
38, 504
' 6, 541 ' 6, 404 ' 7, 434 ' 6, 590
' 3, 879 ' 3, 736 ' 4, 556 '4 311
829.3
'6,503 ' 6 135
5 910
9
'4 139
3 80
611
573
341
505
'276
285
365
427
459
342
289
758.8
42.7
120.0
714, 7
39.4
107.6
691 6
35.9
102.8
706 0
34.5
111.3
552. 9
31.5
105.0
403.6
714.7
32.2
117.1
640 2
26.4
100.4
712.0
35.8
114.6
612 0
35.4
102 7
551 8
29.8
90 9
636 9
35.8
108 3
3,755
2,405
3.701
4.141
2, 907
1,234
4,725
3 911
4 442
5 467
986
1,355
1 954
3,674
1 793
6 780
4 336
2 444
3,020
2,986
8. 273
10, 382
7,868
1,600
2,514
10, 800
3,441
7 359
3,701
3,172
529
7 742
5.510
2 232
33.7
93.5
3 609
RAILROAD EQUIPMENT
Freight cars (ARCI):
Shipments
Equipment manufacturers, total
Railroad shops, domestic
New orders
_
_
Equipment manufacturers, total
Railroad shops, domestic
Unfilled orders, end of year or mo
Equipment manufacturers, total
Railroad shops, domestic
3,046
do
do
do
3,076
1, 962
1,085
3,747
2,608
4,026
2,639
1,387
2,812
943
5,173
5,522
2,570
1,140
1,979
1,097
3,670
1,503
3,100
2 4^2
do __ 14,315
6,788
_ __do _
7,527
do
22,183
21, 307
9,538
23
174
1,552
8.0
Passenger cars* Shipments
Unfilled orders, end of mo
Freight cars, class 1 (AAR): §
Number owned, end of year or mo
Held for repairs % of total owned _
number
__do_ __
do
do
do
thous_.
1,719
686
2,685
1,016
4,017
3,016
1,001
5,978
2,349
4, 354
1,908
441
2,083
2,271
21,959
21, 925
12. 279
2,110
460
5, 349
629
11,155
19,872
10,401
23, 364
14, Oil
10, 152
9,471
9,353
16
198
0
153
0
203
1,515
6.8
1,543
8.3
1,537
8.1
12, 645
8,726
9,646
0
213
9
204
26
178
1,531
7.7
1,530
7.6
1,531
7.9
r
l
Revised.
Reflects year-end adjustments and changes in accounting practice involving the concept of backlog. 2 Preliminary estimate of production.
3 Revisions for
Jan.-Feb. 1963, respectively (units as above): Hoisery, 14,813; 14,458; trailers, 5,665; 5,405;
vans, 3,715; 3,422.
t Monthly revisions for Jan. 1961-Oct. 1962 are available upon request.
9 Total includes backlog for nonrelated products and services and basic research.
©Data include military-type planes shipped to foreign governments.
13, 233
4,327
2, 984
1,343
3, 366
1,359
34
2,319
1,921
398
3,687
4,729
20, 749
12, 303
18, 388
11, 188
22, 196
8,416
2,925
6,673
3,087
5 253
3,299
37 836
20, 161
12, 150
20,291
10, 570
26, 611
15, 425
11, 186
32,311
7,200
17, 545
36 080
19, 789
16, 291
36 922
20 960
15 962
43
250
42
220
35
202
24
178
14
317
5
352
5
387
5
382
1,528
7.7
1, 527
7.7
1,521
7.1
1,519
7 0
1,515
6 8
1,513
6 5
1,507
6 3
1, 505
6 3
8,446
11,626
Z
cfData cover complete units, chassis, and bodies.
AEffective with the Apr. 1964 SURVEY, shipments have been substituted for productio:
Shipments of trailer chassis only and dump trailer chassis, sold separately, are now include
with the complete trailers and chassis (except detachable). Data back to 1961 are availab]
©Courtesy of R. L. Polk & Co.; republication prohibited.
§ Excludes railroad-owned private refrigerator cars and private line cars.
INDEX TO CURRENT
SECTIONS
General:
Business indicators
Commodity prices,
.
Construction and real estate
Domestic trade _. ._.
..
.__
,__
,
,
1-7
*/, 8
9, 10
— 10-12
Employment and poo"lation
,_ ,
12-16
Finance
_ _ . _ _ 16-21
Foreign trade v r trie United States
21-23
Turns oor tali ^u and cc-ramunicationa.
„
23, 24
Inclust/v .
Cher i1 9?*} and allied products
Fo,xi an«l kindred products; tobacco____
Leat< cr and products
_„
,.„____
25
25
26-30
30, SI
Lun ber an 1 rnenuffctur^s
,
Metals *»nd rn^n if ..c tun. 3
FeToIeum, coal, LIK* uroducta
Pulp, pqpej, and pi.pei products
31
32-34
35,36
36,37
,__
,_
___
Rubber *»nd iiAbe orodurts
Textile produ iz
~
Transoo. U i'on equipment
,_
37
35
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 *md ethyl _________ , ______ 25
Alcoholic beverages_____________ _ _ _____________ 8, 10, 26
Aluminum __ ___ .________________________ ________ 23, 33
Apparel______________________________1,3,4, 7,8, 10-15,40
Asphalt and tar products_______________________35, 36
Automobiles, etc _ _ . 1, 3-6, 8, 10, 11, 13-15, 19, 22, 40
STATISTICS, Pages S1-S40
FicrnmsL's, weekly and hourly
,_.
14-16
Eating aid drinking places.
11, 12
ILLS'* a*id poultry.
_
3,7,29
EJfeirii: p o w e r . _ . _ _
4,8,26
Ekc'ru-al machinery and equipment
3,
5, 6, 13-15, 19, 22} 34
Employment estimates..
„
. . _ _ — 12-14
Lvnpioymcnt Service activities
.
16
£xpctnixurea, U.S. Government
„
.
18
l_xr!o«ivti. . _ - .
._
—
25
Exports {-ee also individual commodities).. _ - ~
1,
2,21-23
Express operations - _ . _
..._._
_. .
23
Failure, in.lust-iai and commercial
7
Fens j.r >l 1/lowers. 34
Fr.rm "nerrpe, rparketirnL*;, and prices
1, 3, 7
Far.a wag.,-,
_
16
Fetsan^oi's _
8,22,29,30
Federal Government finance- _
18
Federal R -serve ban La, condition of
16
Feder,5! Pc^erve number banks
_
17
Fertilisers.- .
. _. ._
8,25
F*re losses.
10
FIbh o'ls ,-nd fish.. .
...
29
Flocr'p'i, hard'vood.
__
31
Flour, whcc.1
._
28
.jooc! products. . 4-8," 10, 11, 13-15, 19, 22, 23, 27-30
F.-ec'osurev-*, rea1 estate
10
F( i "i^n t r y d e ''see al^o Individual comrnod.)..
21-23
Foun»lr** »q i i ^ cnt
_
34
F r - i f e h t .rkadin.'- .
24
Fitiu'"t C9 r ? (r'<ju;pm~n ) . _ .
.
4,40
Fruits r n d ve<>ev .!•! :>
_. 7,8,22
Fuel oil __
...
35,36
Fiie'"
.
4,8,35,36
Furnaces
___
.
.
34
Fura-turc _ _
3, 4, 8, 11-15, 17
FU.S . _ . _ _ . . _ __ _ . _ _ ™ _ _
23
Gas, output, prices, sales,re venues
. 4, 8, 25
Gor.oline. ._ .._
1,35,36
Glflss and products
38
Giycs.-In __ __ _„
.
25
Gold __.II_II-1.1.1. I I _ _ _ I I - _ _ I - _ . _ _ ! _ _ _ _
19
Grains a.- I products
7, 8, 22, 24, 27, 28
Croce ysto-es
11,12
Gros" i.fctiivial product....
1, 2
Grops private domestic investment
1, 2
Gypsum and products.
8, 38
Balance of international payments __________
2
Banking ______________________________ . _______ . ___ 16, 17
Barley_______________ ________ _____ ..__________
27
33
Rare!wnn,:fores_ ._
11
Barrels and drums. _ „__________________________,_
Hj»a<-pg e'iuipirjer.t
_ _ __
_
8,34
Battery shipments_________________. ------------ .
34
Beef and veal_______________, _______________________
Hides and ski.ia
__._.
8,30
28
Highvays and roads,
,
9,10
Beverages_____________________________. ________ 4,8, 10, 26
Blast furnaces, steel works, etc _____ , _________ 13-15
Ho?...'
28
HoiTie Lc ->n banks, outstanding advances
10
Bonds, outstanding, issued* prices, sales,
18-20
yields________.______________________. _________
Hoire mortgages.
„__„_
10
tJ*_ies"
_
_
40
33
Brass and bronze__________________________- ___
38
Brick... _ ._________. . . . . . .__________ __ _ _ _ _ _ _ _ _ _ _ __ _ _
Hotels
— 14,15,24
Broker's balances_____. _______________________ 20
Building and construction materials. 8, 10, 31, 36, 38
iJou?eh n Is/ ";^al "."^ _"."" _ .~-~-~-~-~J.~l~4~7~8, 10-12
Building costs_______________________________ _ 9, 50
Hot cho'.d ?i pliances and rarios
4, S, 11, 34
9 ........________
Building permit:;____........_______________________
Koustu*, starts ard pern- iti.
_
9
Business incorporations (new), failures _ ______
7
Business population _____________________________
2
Trnpoi ts (?ee i,'go individual commodities). 1, 2,22, 23
4, 5
Business sales and inventories_____________,_
Iriv.oine, pernoia' _
2,3
27
Butter ____________________________ ,____. _______
Ircome and eronloyoient tax receipts.„_
IS
Cans (tiaplate)___________________________>_
33
Ey i n d ' i j t r y _
_
„ _
.
3,4By mprkit r.roumrt,
"__
3,4
Cascadings_______________________________. ________ 24
Cattle and calves_______________________ _ _ _
28
Instftllrrenr cr.dit 12,17,18
Cement and concrete products_____________8 10, 38
Instalhrert sales, department stores
,„„__
12
Cereal and bakery products ___________________ 8
Ins i rum en ':s and related ptoJucts
3, 13-15
Chain-store sales, firms with 4 or mote and 11
Insi]H*-L-»g materials
___,
34
or more stores ______________________________
12
Inaviance, ht>.
_ ._
18,19
27
Cheese________________________________________...
Interest and money sates. .
_..
17
Chemicals_______________------4-6, 8, 13-15, 19, 22, 25
Inventuries, nia-iufacturera 1 and trade
4-6, 11,12
Inventrrv-'-iIes ratios .
5
Cigarettes and cigars ____________ _________ ______ 8,30
Civilian employees, Federal ____________________
14
]-cn end bteel . 3, 5. 6, 8, 10, 13-15, 19, 22, 23, 32, 33
8, 38
Clay products_____________________________________
Coal______.....________________________4,8, 13-15, 22, 24,35
Labor odv^rtising mde::, disputt-s, turnover.__
16
23, 29
Cocoa _____________________________________________
Li.^b^r >™c:ce
12
Coffee ______________________________ , ________ _ _ _ 23, 29
Lamb
urd
mutton
.
.
28
Coke___________________. ______________ _ _ _ _ ________ 24, 35
Lff!.
28
Communications_____________________2, 13-15, 20, 24
L«id.
33
Confectionery, sales__________________________.
29
lea the- and products
- 3' 8 > 13-15, 30, 31
Constr action :
Life
in«.urari'
e
_
_
_
_
.
18,19
Contracts___________________________ _ _ _ _ _ _
Linseed oil
30
Costs___________________________________ _____ _ 9, 10
Live,lock._ ._ „__
3,7,8,24,28
Employment, hcu«s, ca nmgs, wagts _ ____ 13-16
Lr-»~,:., T, n\ r ? i a t e o^ricaltu/al, bank, brokers'
Highways and roads ______________________________
9, 10
(_.-„ ^l.it, Consume, credit)..
10, 16, 17, 20
9
Housing starts _____________________________
Lubr>--nvr,
35,36
New construction put in place ________________
1, 2, 9
I.urfjpt
n
u
proaucts...
-_..
.
3,
5,
8,
10-15,
19, 3 1
t
Consumer credit _____________________________
17, 18
Consumer e^ t e '^<ti -"s _____ _ _ ____ _. ___ 1 , 2
Co *sumf»r & joe1 1 ^ "*p-t, nd» ___
______
3 4
^..'d/.netoola--34
Consumer pnc~ s J e > .
_ ___ ______ _ _
7
Mpr-hinery
3 5,6,8,13-15,19,22,34
Copper
_
_ _________ _ _ _
Tv"e,il order Xu.3 is, 3iles__ 11
Com
._
27
Mamn?^ li, ers &id manufactures
8,39
.e Con
7
?('lcii';fr"t^rtrrs' soles (cr shipments), invento<«r s _
Cotton,
mvu.
7 . 8 , 2 2 38,39
ne t, racers
.
— .
4-6
.r. :•* fr i rn~r*.
_
__
30
Jlp^ar^ctJring emp»loy.near, production workCiedit sVjrl £ ^J ,n < rt A _ t e • * fn ___ __ 17,18
era, pi;3ToUs, hours, earnings ..
13—25
Crops
- ~ ^ 7 : "*, /8,30, 5H
ft. x^nui'd cturinj, production indexes
3,4
Crude oil *-!:!<< n itutal 4,03 —
......
-~ 4,13 15,35
^'rrcrn'ne
_. .
29
Currency in circulation________________ ____________ 19
Meat aii^.sls and m ^ t 3
. ._
3, 7, 8, 22, 28
IVledva^ ^:-a '••"rsonal rrre
7
Dairy producva_
3, 7, 27
M.-tah
" .. .-< 6,8,'3-15, 19, 22, 23, 32-34
Debits, bank
,
16
Mi«,-__
_ .
27
Mining a ,1 M u-roi'j .. ._
2-4, 8, 13-15, 19, 20
Debt, U.S. Government
18
Department stores „ _
11, 12, 17
ivlonerary si-.'lstica.. . .
19
Deposits, bank
.
16, 17, 19
-vJoney supt»lr;
.
19
Disputes, industrial
16
Mortgage arplic^tious, loans, rates
10, 16, 17
Distilled spirits
26
Motor carriers_
,_ 23,24
Dividend payments, rates, and yields
1,3, 18-21
Motor vehirK-9.
. I, 3-6, 8, 10, 11, 13-15, 19, 22, 40
for
FRASER
Mr tors und ./-aerators.
,__.
,„„.,.»
34
Drug
stores, sales._,
.
11,12
Digitized
National defense expenditures ______ ,_______„ 1, 18
National income and product ________________ 1, 2
National parks, visits ______________________ 24
Newsprint________________ ______ _ _____________ 23, 37
New York Stock Exchange, selected data______20, 21
Nonferrous metals_______...__________3, 8, 19, 23, 33, 34
1ST oninstallment credit_______________________________1 7, 1 8
Oats _________ „_____. ________ . __________ . _____ .
_____
27
Oil burners'___- , _ _ _ _ .________________ _________ 34
Oils and fats_______ _ _ - _ ______ .______ 8, 22, 29, 30
Orders, new and unfilled, manufacturers* _______ 6
Ordnance....________ _ ___________________________13-15
Paint and paint materials_________.___- ______ 8, 25
Panama Canal traffic_______._________________,_
24
Paper and products and pulp _____ __________ 3,
5, 6, 8, 13-15, 19, 23, 36, 37
Parity ratio ___________ .______________________,
7
Passports issued_______________________,_ ________ 24
Payrolls, indexes___________. __________________ 14
Personal consumption expenditures ___________ 1, 2
Personal income_______.________________________2, 3
Petroleum and products__________________ _
4-6,
8,11,13-15,19,22,23,35,36
Pig iron. _ _ _ _ _ ______________________________32
Plant and equipment expenditures ___________ 2, 20
Plastics and resin materials.__________ ________ 25
Population _________ ,_ _________________ . ______ 12
P o r k - _ _ _________ . __________________ ___________
28
Postal savings__________. ____________________ 17
Poultry and eggs___________________, _________ 3, 7, 29
Prices (aee also individual commodities) ______ 7, 8
Printing and publishing______________________4, 13-15
Profits, corporate -._-._„,.._.,_____________________1, 19
Public utilities__________ _ _ _ _ _ 2-4, 7-9, 13-15, 18-21
Pullman Company __________________________ 24
Pulp and pulpwood___._______________________36
Purchasing power of the dollar ________________ 8
34
Radiators and c onvectors _ _ _ _____________. ___
Radio and television_________________4, 8, 10, 11, 34
Railroads ____ _ _______ 2, 13, 14,16, 18, 20, 21, 24, 40
Railways (local) and bus lines ___________ 13 15, 23
Rayon and acetate________________________
39
Real estate____^ __________ _ _____________ 10, 17, 18
Receipts, U.S. Government_________.____. ____
18
Recreation. _.____, ___________________________
7
Refrigerators and home freezers.. ___________
34
Rent (housing) _____________________________7
Retail trade______________ ____ 4, 5, 7, 11-15, 17, 18
Rice _________________________ _ ____________
27
Roofing and siding, asphalt ______________________
36
Rubber and products (incl. plastics)
4-6,
8,13-15, 23,37
Rye ---- ___ ------- -__--. .....
27
Saving, personal. _ --------- _____ m._,________
2
Savings deposits.._________________________ 17
Securities issued__________________________.__ 19, 20
Security markets _________________________
20,21
Services...________ _________________ _____ 1, 2, 13-15
Sheep and lambs__________,________. ____________28
Shoes and other footwear.. ...... _ ______ 8, 11, 12, 31
Silk, prices, imports, production _____ ___ _ _ 8,39
Silver. _____________________________________
19
Soybean cake and meal and oil _____________
30
Spindle activity, cotton _____________________ 39
Steel ingots and steel manufactures __________32, 33
Steel scrap __________ . ______________________
32
Stock prices, earnings, sales, etc _____________20, 21
Stone, clay, glass products ____ 3-5,8, 13-15, 19, 38
Stoves and ranges _________________________ 34
Sugar-.__________________________________
23, 29
Sulfur__________ _ __________________„ ____
25
Sulfuric acid_________. _________ , ________ „ ____
25
Superphosphate _________________ . ___________ 25
Tea imports ________________ _ ______ , ________
29
Telephone, telegraph, cable, and radiotelegraph carriers..
-----------------. ____ 13 15,24
Television and radio ________________ 4, 8, 10, 11, 34
Textiles and products. . 3, 5, 6, 8, 13-15, 19, 22,38-40
Tin.... _______________________________________
23, 33
Tires and inner tubes____________________8, 11, 12, 37
Tobacco and manufactures ____ 4-8, 10, 13-15, 22, 30
Tractors ______________________________________
22, 34
Trade (retail and wholesale). _........._____________4, 5, 11, 12
Transit lines, local ______ ______ , ____________
23
Transportation ____________ . ___ 1, 2, 7, 13-15, 23, 24
Transportation equipment_________3-6, 13-15, 19, 40
Travel _______________ _ ____________________ 23, 24
Truck trailers.._______________________„ _______ 40
Trucks (industrial and other) _______________34, 40
Unemployment and insurance___. _ _ ,___________12, 16
U.S. Government bonds__________________16-18, 20
U.S. Government finance________. ______ ____ 18
Utilities_____________________2-4, 9, 13-15, 18-21, 26
Vacuum cleaners_________, __________________ 34
Variety stores ___________ _._______ ___________ 11, 12
Vegetable oils __________________ , ____ „
______
30
Vegetables and fruits_______________________7, 8, 22
Vessels cleared in foreign trade __________ , ____ 24
Veterans' benefits____, _________________________ 16, 18
Wages and salaries_____________________1,3, 14-16
Washers and driers__________________________34
Water heaters______________________________34
Waterway traffic__________.
_________________
24
Wheat and wheat Hour ______________________ 28
Wholesale price indexes_______, ________________ 8
Wholesale trade______ __________ _ _____ 4, 5, 7, 13-15
Wood pulp____________________________________36
Woo! and wool manufactures_____________7, 8, 23, 39
Zinc—,,-..., ____ ..... _ ....... _____ __._ ..... 33,34
UNITED STATES
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^ The Office of Business Economics Calls Attention to
BUSINESS STATISTICS
1968 edition
FOURTEENTH VOLUME in a series of
statistical supplements to the monthly Survey of
Current Business, the new 1963 biennial edition provides historical data for each of over 2,500 economic
indicators.
Monthly data are shown back to 1959, with
quarterly series back to 1951 and annual averages
from 1939. Explanatory notes for each series refer
to the source and methodology used, define the
statistical units, and specify both the comparability
of current and past figures and the adequacy of
coverage.
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